Clifford Swan Investment Counsel LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 20, 2026), Clifford Swan Investment Counsel LLC reported 335 stock positions worth $3.1 billion. Its top holding was Apple (AAPL) at 5.9% of the portfolio, followed by Alphabet Class A (GOOGL, 4.4%) and Microsoft (MSFT, 3.6%). Compared with Q1 2026, it opened 16 new positions, sold out of 14, added to 48 and reduced 194. The biggest buy was Verisk Analytics (VRSK, shares +1630%) and the biggest sale Chevron (CVX, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- PASADENA, CA
- CIK
- 0001034642
- Portfolio Value
- $3.1B (Q2 2026)
- SEC Filing
- 0001034642-26-000003 ↗ filed Aug 20, 2026
Holdings Value
Holdings 335 stocks · $3.1B
| AAPL Apple Inc. | 5.94% | 637,332 | $184.4M | Reduce -3.1% |
| GOOGL Alphabet Inc. Class A | 4.36% | 379,220 | $135.5M | Reduce -2.7% |
| MSFT Microsoft Corp. | 3.59% | 298,885 | $111.5M | Reduce -0.5% |
| UPS United Parcel Service Class B | 3.28% | 948,654 | $102.0M | Reduce -2.0% |
| COST Costco Wholesale Corp. | 2.87% | 95,154 | $89.0M | Reduce -2.7% |
| ANET Arista Networks Inc. | 2.66% | 486,391 | $82.6M | Reduce -5.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.60% | 161,414 | $80.8M | Reduce -1.9% |
| JPM JPMorgan Chase & Co. | 1.84% | 174,259 | $57.0M | Reduce -2.1% |
| JNJ Johnson & Johnson | 1.70% | 207,571 | $52.7M | Reduce -1.7% |
| CVX Chevron Corp. | 1.63% | 305,061 | $50.6M | Reduce -2.1% |
| INTC Intel Corp. | 1.58% | 351,293 | $49.1M | Reduce -11.8% |
| GOOG Alphabet Inc. Class C | 1.48% | 130,249 | $46.0M | Reduce -2.5% |
| UNH Unitedhealth Group Inc. | 1.37% | 102,523 | $42.6M | Reduce -7.9% |
| LOW Lowe's Cos Inc. | 1.36% | 192,076 | $42.4M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 1.34% | 174,841 | $41.7M | Reduce -2.4% |
| CTVA Corteva Inc. | 1.33% | 488,361 | $41.4M | Reduce -2.6% |
| AXP American Express Co. | 1.29% | 118,790 | $40.2M | Reduce -1.5% |
| CSCO Cisco Systems Inc. | 1.29% | 341,705 | $40.1M | Reduce -4.7% |
| CAT Caterpillar Inc. | 1.29% | 37,571 | $40.0M | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 1.26% | 286,015 | $39.1M | Reduce -1.1% |
| JCI Johnson Controls Internation | 1.23% | 262,208 | $38.3M | Reduce -6.5% |
| RTX RTX Corp. | 1.20% | 196,349 | $37.3M | Reduce -5.3% |
| FAST Fastenal Co. | 1.18% | 762,202 | $36.6M | Reduce -2.4% |
| ABBV Abbvie Inc. | 1.18% | 145,173 | $36.5M | Reduce -1.0% |
| WFC Wells Fargo & Co. | 1.15% | 433,686 | $35.8M | Reduce -0.9% |
| ALSN Allison Transmission Holding | 1.15% | 316,379 | $35.7M | Reduce -3.8% |
| EMR Emerson Electric Co. | 1.12% | 243,559 | $34.9M | Reduce -1.1% |
| ORCL Oracle Corp. | 1.11% | 234,843 | $34.4M | Reduce -3.0% |
| ENTG Entegris Inc. | 0.95% | 163,566 | $29.4M | Reduce -14.5% |
| BKNG Booking Holdings Inc. | 0.93% | 162,831 | $29.0M | Add +23.6% |
| LH Labcorp Holdings Inc. | 0.90% | 100,293 | $28.1M | Reduce -2.8% |
| ACN Accenture PLC Class A | 0.89% | 222,512 | $27.7M | Add +16.2% |
| QCOM Qualcomm Inc. | 0.88% | 147,414 | $27.2M | Reduce -4.7% |
| MCK McKesson Corp. | 0.87% | 35,779 | $27.0M | Reduce -2.4% |
| KEYS Keysight Technologies Inc. | 0.86% | 76,527 | $26.8M | Reduce -4.7% |
| PH Parker Hannifin Corp. | 0.84% | 26,557 | $26.0M | Reduce -0.0% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.81% | 541,677 | $25.2M | Reduce -2.6% |
| GLD SPDR Gold Shares | 0.80% | 67,082 | $24.7M | Reduce -2.1% |
| SYK Stryker Corp. | 0.80% | 78,447 | $24.7M | Reduce -0.4% |
| SYY Sysco Corp. | 0.72% | 267,709 | $22.4M | Reduce -2.0% |
| EW Edwards Lifesciences Corp. | 0.71% | 245,113 | $22.2M | Reduce -2.1% |
| HPE Hewlett Packard Enterprise | 0.69% | 474,893 | $21.4M | Reduce -20.0% |
| PG The Procter & Gamble Co. | 0.68% | 143,239 | $21.0M | Reduce -1.5% |
| MCD McDonald's Corp. | 0.67% | 76,533 | $20.7M | Reduce -1.6% |
| PEP Pepsico Inc. | 0.66% | 152,112 | $20.6M | Reduce -0.9% |
| TSCO Tractor Supply Company | 0.65% | 641,378 | $20.3M | Add +2.6% |
| MDLZ Mondelez International Inc. Class A | 0.63% | 340,466 | $19.7M | Reduce -1.5% |
| INTU Intuit Inc. | 0.63% | 75,319 | $19.7M | Add +32.7% |
| UNP Union Pacific Corp. | 0.62% | 70,323 | $19.1M | Add +1.8% |
| A Agilent Technologies Inc. | 0.61% | 143,133 | $19.0M | Reduce -0.3% |
| ABT Abbott Laboratories | 0.58% | 199,707 | $18.1M | Reduce -0.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.58% | 23,929 | $17.9M | Reduce -1.9% |
| FERG Ferguson Enterprises Inc. | 0.57% | 74,101 | $17.6M | Reduce -1.4% |
| META Meta Platforms Inc. Class A | 0.55% | 30,430 | $17.1M | Reduce -2.7% |
| BMY Bristol-Myers Squibb Co. | 0.55% | 293,833 | $16.9M | Reduce -2.5% |
| PM Philip Morris International | 0.54% | 93,457 | $16.9M | Reduce -1.3% |
| CPAY Corpay Inc. | 0.53% | 49,596 | $16.5M | Add +3.0% |
| KMX Carmax Inc. | 0.52% | 308,133 | $16.3M | Reduce -4.9% |
| WMT Walmart Inc. | 0.51% | 140,660 | $15.9M | Reduce -3.3% |
| HPQ HP Inc. | 0.50% | 714,859 | $15.7M | Reduce -0.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.49% | 318,484 | $15.3M | Reduce -1.9% |
| LMBS First Trust Low Duration Opp | 0.49% | 303,619 | $15.1M | Add +4.0% |
| SBUX Starbucks Corp. | 0.47% | 142,911 | $14.6M | Reduce -2.5% |
| ZTS Zoetis Inc. | 0.44% | 189,326 | $13.6M | Add +27.8% |
| HD Home Depot Inc. | 0.43% | 37,776 | $13.3M | Reduce -2.1% |
| CMI Cummins Inc. | 0.42% | 18,353 | $13.1M | Reduce -0.5% |
| AMGN Amgen Inc. | 0.42% | 36,058 | $13.1M | Reduce -3.0% |
| GS Goldman Sachs Group Inc. | 0.42% | 12,878 | $13.0M | Reduce -2.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.41% | 131,951 | $12.7M | Add +1.2% |
| XLK SS Technology Select Sector | 0.41% | 66,256 | $12.6M | No change |
| CL Colgate-Palmolive Co. | 0.40% | 135,938 | $12.5M | Reduce -2.3% |
| EBAY eBay Inc. | 0.40% | 111,476 | $12.5M | Reduce -26.8% |
| NVDA Nvidia Corp. | 0.40% | 62,142 | $12.4M | Reduce -4.4% |
| ALB Albemarle Corp. | 0.40% | 92,054 | $12.4M | Reduce -19.5% |
| EXPD Expeditors Intl Wash Inc. | 0.39% | 74,841 | $12.2M | Reduce -5.2% |
| Q Qnity Electronics Inc. | 0.38% | 72,226 | $11.8M | Reduce -10.4% |
| VOO Vanguard S&P 500 ETF | 0.38% | 17,014 | $11.7M | Reduce -1.3% |
| IJR iShares Core S&P Small-Cap E | 0.37% | 77,729 | $11.5M | Reduce -9.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.36% | 15 | $11.2M | No change |
| PFE Pfizer Inc. | 0.36% | 458,641 | $11.0M | Reduce -6.3% |
| ADP Automatic Data Processing | 0.34% | 47,827 | $10.7M | Add +2.2% |
| GE General Electric filed as GE AEROSPACE | 0.33% | 27,302 | $10.2M | Reduce -1.1% |
| KO The Coca-Cola Co. | 0.32% | 122,380 | $9.9M | Add +3.1% |
| AVGO Broadcom Inc. | 0.32% | 26,229 | $9.9M | Reduce -3.5% |
| TXN Texas Instruments Inc. | 0.32% | 32,961 | $9.8M | Reduce -3.3% |
| BNY Bank of New York Mellon Corp. | 0.31% | 67,612 | $9.8M | Reduce -4.3% |
| MRK Merck & Co. Inc. | 0.31% | 75,680 | $9.7M | Reduce -0.6% |
| NOC Northrop Grumman Corp. | 0.31% | 18,808 | $9.6M | Add +0.0% |
| AON Aon PLC Class A | 0.31% | 28,607 | $9.5M | Add +5.7% |
| NVS Novartis AG-Sponsored ADR | 0.30% | 60,118 | $9.4M | Reduce -17.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.30% | 33,047 | $9.3M | Add +0.1% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.30% | 117,105 | $9.3M | Reduce -10.0% |
| DD Dupont DE Nemours Inc. | 0.28% | 64,143 | $8.7M | Reduce -4.9% |
| COP Conocophillips | 0.28% | 83,565 | $8.7M | Reduce -6.7% |
| BA The Boeing Co. | 0.27% | 39,396 | $8.5M | Reduce -0.7% |
| ITW Illinois Tool Works | 0.27% | 31,469 | $8.5M | Reduce -0.1% |
| PSA Public Storage | 0.27% | 25,918 | $8.2M | No change |
| VRSK Verisk Analytics Inc. | 0.26% | 45,042 | $8.1M | Add +1629.7% |
| OTIS Otis Worldwide Corp. | 0.24% | 105,779 | $7.6M | Add +16.3% |
| LRCX Lam Research Corp. | 0.23% | 16,530 | $7.2M | Reduce -0.1% |
Options reported separately and not counted above: LRCX puts ($6.4M), NVDA puts ($3.0M), ANET puts ($595K), AAPL puts ($405K), COST puts ($281K).
Portfolio Sells Q1 2026 → Q2 2026
| CVX Chevron Corp. | Reduce -2.1% | 1.63% | −0.57 |
| COST Costco Wholesale Corp. | Reduce -2.7% | 2.87% | −0.45 |
| XOM Exxon Mobil Corp. | Reduce -1.1% | 1.26% | −0.41 |
| ALB Albemarle Corp. | Reduce -19.5% | 0.40% | −0.30 |
| MCK McKesson Corp. | Reduce -2.4% | 0.87% | −0.21 |
| GLD SPDR Gold Shares | Reduce -2.1% | 0.80% | −0.21 |
| MSFT Microsoft Corp. | Reduce -0.5% | 3.59% | −0.19 |
| LOW Lowe's Cos Inc. | Reduce -0.6% | 1.36% | −0.19 |
| ALSN Allison Transmission Holding | Reduce -3.8% | 1.15% | −0.16 |
| SLB SLB Ltd. | Reduce -2.6% | 0.81% | −0.16 |
| RTX RTX Corp. | Reduce -5.3% | 1.20% | −0.16 |
| MCD McDonald's Corp. | Reduce -1.6% | 0.67% | −0.16 |
| PEP Pepsico Inc. | Reduce -0.9% | 0.66% | −0.15 |
| COP Conocophillips | Reduce -6.7% | 0.28% | −0.12 |
| ABT Abbott Laboratories | Reduce -0.8% | 0.58% | −0.12 |
| PFE Pfizer Inc. | Reduce -6.3% | 0.36% | −0.11 |
| BP BP PLC-Spons ADR | Reduce -20.6% | 0.15% | −0.11 |
| ORCL Oracle Corp. | Reduce -3.0% | 1.11% | −0.10 |
| WMT Walmart Inc. | Reduce -3.3% | 0.51% | −0.10 |
| CTVA Corteva Inc. | Reduce -2.6% | 1.33% | −0.10 |
| NKE Nike Inc. Class B | Reduce -4.8% | 0.21% | −0.09 |
| SYK Stryker Corp. | Reduce -0.4% | 0.80% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.9% | 2.60% | −0.08 |
| BMY Bristol-Myers Squibb Co. | Reduce -2.5% | 0.55% | −0.08 |
| NVS Novartis AG-Sponsored ADR | Reduce -17.1% | 0.30% | −0.07 |
| EBAY eBay Inc. | Reduce -26.8% | 0.40% | −0.07 |
| T AT&T Inc. | Reduce -3.9% | 0.11% | −0.06 |
| JNJ Johnson & Johnson | Reduce -1.7% | 1.70% | −0.06 |
| META Meta Platforms Inc. Class A | Reduce -2.7% | 0.55% | −0.06 |
| FAST Fastenal Co. | Reduce -2.4% | 1.18% | −0.05 |
| OXY Occidental Petroleum Corp. | Reduce -1.9% | 0.12% | −0.05 |
| LMT Lockheed Martin Corp. | Reduce -1.5% | 0.19% | −0.05 |
| PYPL PayPal Holdings Inc. | Reduce -9.4% | 0.21% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -3.9% | 0.15% | −0.04 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.5% | 0.63% | −0.04 |
| EEM iShares MSCI Emerging Market | Reduce -56.5% | 0.04% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -1.5% | 0.68% | −0.04 |
| DD Dupont DE Nemours Inc. | Reduce -4.9% | 0.28% | −0.04 |
| LH Labcorp Holdings Inc. | Reduce -2.8% | 0.90% | −0.03 |
| WFC Wells Fargo & Co. | Reduce -0.9% | 1.15% | −0.03 |
| FERG Ferguson Enterprises Inc. | Reduce -1.4% | 0.57% | −0.03 |
| GDX Vaneck Gold Miners ETF | Reduce -13.3% | 0.06% | −0.03 |
| AKAM Akamai Technologies Inc. | Reduce -8.9% | 0.21% | −0.03 |
| DXC DXC Technology Co. | Reduce -42.1% | 0.02% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -25.4% | 0.11% | −0.03 |
| AMGN Amgen Inc. | Reduce -3.0% | 0.42% | −0.03 |
| IFF Intl Flavors & Fragrances | Reduce -10.0% | 0.30% | −0.02 |
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −0.02 |
| DOW Dow Inc. | Reduce -2.5% | 0.03% | −0.02 |
| TJX TJX Companies Inc. | Reduce -1.4% | 0.15% | −0.02 |
Portfolio Buys Q1 2026 → Q2 2026
| VRSK Verisk Analytics Inc. | Add +1629.7% | 0.26% | +0.24 |
| BKNG Booking Holdings Inc. | Add +23.6% | 0.93% | +0.18 |
| TPL Texas Pacific Land Corp. | New | 0.08% | +0.08 |
| VWO Vanguard Ftse Emerging Marke | Add +259.5% | 0.08% | +0.06 |
| CPAY Corpay Inc. | Add +3.0% | 0.53% | +0.06 |
| UNP Union Pacific Corp. | Add +1.8% | 0.62% | +0.05 |
| LLY Eli Lilly & Co. | Add +1.5% | 0.13% | +0.03 |
| IBM Intl Business Machines Corp. | Add +0.1% | 0.30% | +0.03 |
| ADP Automatic Data Processing | Add +2.2% | 0.34% | +0.02 |
| ETN Eaton Corp. PLC | Add +1.2% | 0.11% | +0.01 |
| KO The Coca-Cola Co. | Add +3.1% | 0.32% | +0.01 |
| BSV Vanguard Short-Term Bond ETF | New | 0.01% | +0.01 |
| PAYX Paychex Inc. | Add +40.4% | 0.04% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.01% | +0.01 |
| MRVL Marvell Technology Inc. | New | 0.01% | +0.01 |
| BIV Vanguard Intermediate-Term B | Add +141.9% | 0.02% | +0.01 |
| PANW Palo Alto Networks Inc. | New | 0.01% | +0.01 |
| AON Aon PLC Class A | Add +5.7% | 0.31% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.1% | 0.05% | +0.01 |
| FTNT Fortinet Inc. | New | 0.01% | +0.01 |
| ICLR Icon PLC | New | 0.01% | +0.01 |
| VMI Valmont Industries | New | 0.01% | +0.01 |
| IWD iShares Russell 1000 Value E | New | 0.01% | +0.01 |
| IWF iShares Russell 1000 Growth | New | 0.01% | +0.01 |
| FELE Franklin Electric Co. Inc. | New | 0.01% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +81.1% | 0.02% | +0.01 |
| GMF State Street SPDR S&P Emergi | New | 0.01% | +0.01 |
| XLF SS Financial Select Sector | New | 0.01% | +0.01 |
| SPG Simon Property Group Inc. | New | 0.01% | +0.01 |
| PCB PCB Bancorp | New | 0.01% | +0.01 |
| PNC PNC Financial Services Group | New | 0.01% | +0.01 |
| LUV Southwest Airlines Co. | Add +0.8% | 0.03% | +0.01 |
| MO Altria Group Inc. | Add +0.6% | 0.17% | +0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Add +28.3% | 0.02% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +1.6% | 0.08% | +0.01 |
| OTIS Otis Worldwide Corp. | Add +16.3% | 0.24% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.5% | 0.06% | +0.01 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.5% | 0.01% | +0.00 |
| IWM iShares Russell 2000 ETF | Add +0.3% | 0.02% | +0.00 |
| CVS CVS Health Corp. | Add +0.1% | 0.01% | +0.00 |
| WAT Waters Corp. | Add +7.1% | 0.01% | +0.00 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +0.4% | 0.01% | +0.00 |
| VNQ Vanguard Real Estate ETF | Add +1.3% | 0.02% | +0.00 |
| GPC Genuine Parts Co. | Add +0.5% | 0.02% | +0.00 |
| CGDV Cap Group Dividend Value | Add +0.3% | 0.01% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.2% | 0.01% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +12.9% | 0.01% | +0.00 |
| MUB iShares National Muni Bond E | Add +7.6% | 0.01% | +0.00 |
| WMB Williams Cos Inc. | Add +6.2% | 0.01% | +0.00 |
| XLE SS Energy Select Sector | Add +21.1% | 0.01% | −0.00 |
Options Activity Q1 2026 → Q2 2026
| LRCX Lam Research Corp. | put | New | 14,700 | $6.4M |
| NVDA Nvidia Corp. | put | New | 15,000 | $3.0M |
| ANET Arista Networks Inc. | put | New | 3,500 | $595K |
| AAPL Apple Inc. | put | New | 1,400 | $405K |
| COST Costco Wholesale Corp. | put | New | 300 | $281K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 335 | $3.1B | AAPL, GOOGL, MSFT, UPS, COST |
| Q1 2026 | 332 | $2.9B | AAPL, GOOGL, MSFT, COST, UPS |
| Q4 2025 | 323 | $3.0B | AAPL, MSFT, GOOGL, UPS, COST |
| Q3 2025 | 322 | $3.0B | AAPL, MSFT, GOOGL, COST, BRK.B |
| Q2 2025 | 312 | $2.8B | MSFT, AAPL, COST, UPS, BRK.B |
| Q1 2025 | 308 | $2.7B | AAPL, MSFT, COST, UPS, BRK.B |
| Q4 2024 | 304 | $2.8B | AAPL, MSFT, UPS, COST, GOOGL |
| Q3 2024 | 311 | $2.8B | AAPL, MSFT, UPS, COST, BRK.B |
| Q2 2024 | 302 | $2.7B | AAPL, MSFT, UPS, COST, GOOGL |
| Q1 2024 | 306 | $2.7B | MSFT, UPS, AAPL, COST, BRK.B |