Clifford Swan Investment Counsel LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 7, 2024), Clifford Swan Investment Counsel LLC reported 302 stock positions worth $2.7 billion. Its top holding was Apple (AAPL) at 5.7% of the portfolio, followed by Microsoft (MSFT, 5.2%) and United Parcel Service Class B (UPS, 4.4%). Compared with Q1 2024, it opened 1 new position, sold out of 7, added to 48 and reduced 156. The biggest buy was Alphabet Class C (GOOG, shares +0%) and the biggest sale United Parcel Service Class B (UPS, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- PASADENA, CA
- CIK
- 0001034642
- Portfolio Value
- $2.7B (Q2 2024)
- SEC Filing
- 0001034642-24-000003 ↗ filed Aug 7, 2024
Holdings Value
Holdings 302 stocks · $2.7B
| AAPL Apple Inc. | 5.68% | 720,902 | $151.7M | Reduce -1.1% |
| MSFT Microsoft Corp. | 5.18% | 309,935 | $138.5M | Reduce -0.7% |
| UPS United Parcel Service Class B | 4.42% | 863,980 | $118.2M | Reduce -0.1% |
| COST Costco Wholesale Corp. | 3.61% | 113,401 | $96.4M | Reduce -2.7% |
| GOOGL Alphabet Inc. Class A | 2.93% | 429,597 | $78.3M | Reduce -0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.83% | 186,134 | $75.7M | Reduce -0.6% |
| ANET Arista Networks Inc. | 2.15% | 164,101 | $57.5M | Reduce -6.4% |
| ACN Accenture PLC Class A | 1.96% | 172,862 | $52.4M | Add +1.5% |
| CVX Chevron Corp. | 1.92% | 328,652 | $51.4M | Reduce -0.2% |
| LOW Lowe's Cos Inc. | 1.75% | 212,286 | $46.8M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 1.57% | 207,959 | $42.1M | Reduce -1.2% |
| ORCL Oracle Corp. | 1.45% | 274,428 | $38.7M | Reduce -0.3% |
| TSCO Tractor Supply Company | 1.39% | 137,543 | $37.1M | Reduce -0.1% |
| XOM Exxon Mobil Corp. | 1.38% | 320,947 | $37.0M | Add +0.0% |
| QCOM Qualcomm Inc. | 1.37% | 184,306 | $36.7M | Reduce -5.3% |
| JNJ Johnson & Johnson | 1.36% | 249,615 | $36.5M | Reduce -0.4% |
| WFC Wells Fargo & Co. | 1.33% | 600,560 | $35.7M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 1.28% | 177,643 | $34.3M | Add +0.6% |
| EMR Emerson Electric Co. | 1.22% | 296,912 | $32.7M | Reduce -2.2% |
| INTU Intuit Inc. | 1.11% | 45,046 | $29.6M | Reduce -0.5% |
| GOOG Alphabet Inc. Class C | 1.11% | 161,049 | $29.5M | Add +0.3% |
| ALSN Allison Transmission Holding | 1.09% | 383,146 | $29.1M | Reduce -0.3% |
| SYK Stryker Corp. | 1.08% | 85,140 | $29.0M | Reduce -1.0% |
| ABBV Abbvie Inc. | 1.05% | 163,143 | $28.0M | Reduce -0.2% |
| FAST Fastenal Co. | 1.04% | 443,425 | $27.9M | Reduce -0.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.04% | 195,118 | $27.9M | Reduce -2.1% |
| HPQ HP Inc. | 1.03% | 788,401 | $27.6M | Reduce -0.1% |
| AXP American Express Co. | 1.00% | 115,911 | $26.8M | Reduce -1.4% |
| PG The Procter & Gamble Co. | 0.96% | 156,392 | $25.8M | Reduce -1.0% |
| UNH Unitedhealth Group Inc. | 0.96% | 50,268 | $25.6M | Add +4.9% |
| CTVA Corteva Inc. | 0.94% | 467,819 | $25.2M | Add +1.8% |
| MCK McKesson Corp. | 0.94% | 43,007 | $25.1M | Reduce -1.4% |
| DD Dupont DE Nemours Inc. | 0.86% | 286,611 | $23.1M | Reduce -1.9% |
| ABT Abbott Laboratories | 0.86% | 221,516 | $23.0M | Reduce -0.8% |
| MCD McDonald's Corp. | 0.85% | 89,640 | $22.8M | Reduce -0.2% |
| RTX RTX Corp. | 0.83% | 220,562 | $22.1M | Reduce -1.7% |
| EW Edwards Lifesciences Corp. | 0.83% | 239,391 | $22.1M | Reduce -0.3% |
| INTC Intel Corp. | 0.79% | 678,492 | $21.0M | Reduce -0.8% |
| JCI Johnson Controls Internation | 0.77% | 310,310 | $20.6M | Add +1.0% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.76% | 212,876 | $20.3M | Reduce -1.4% |
| CSCO Cisco Systems Inc. | 0.73% | 408,624 | $19.4M | Add +1.8% |
| A Agilent Technologies Inc. | 0.71% | 146,318 | $19.0M | Reduce -3.7% |
| GLD SPDR Gold Shares | 0.70% | 87,517 | $18.8M | Add +0.3% |
| BKNG Booking Holdings Inc. | 0.70% | 4,698 | $18.6M | Reduce -2.0% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.68% | 386,005 | $18.2M | Add +5.2% |
| META Meta Platforms Inc. Class A | 0.68% | 36,092 | $18.2M | Add +0.6% |
| CL Colgate-Palmolive Co. | 0.68% | 186,952 | $18.1M | Reduce -2.5% |
| PEP Pepsico Inc. | 0.68% | 109,704 | $18.1M | Reduce -0.4% |
| HPE Hewlett Packard Enterprise | 0.67% | 847,483 | $17.9M | Reduce -11.6% |
| LH Laboratory CRP of Amer Hldgs | 0.65% | 85,998 | $17.5M | Add +4.3% |
| BMY Bristol-Myers Squibb Co. | 0.63% | 405,579 | $16.8M | Reduce -3.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.61% | 164,218 | $16.3M | Reduce -0.8% |
| NKE Nike Inc. Class B | 0.56% | 200,260 | $15.1M | Reduce -3.6% |
| SBUX Starbucks Corp. | 0.56% | 193,021 | $15.0M | Add +19.5% |
| KMX Carmax Inc. | 0.56% | 202,682 | $14.9M | Reduce -2.5% |
| PFE Pfizer Inc. | 0.54% | 519,790 | $14.5M | Add +0.6% |
| PH Parker Hannifin Corp. | 0.51% | 26,691 | $13.5M | No change |
| CAT Caterpillar Inc. | 0.50% | 40,152 | $13.4M | Reduce -0.0% |
| MDLZ Mondelez International Inc. Class A | 0.50% | 202,726 | $13.3M | Add +0.2% |
| UNP Union Pacific Corp. | 0.48% | 56,611 | $12.8M | Add +0.3% |
| HD Home Depot Inc. | 0.47% | 36,378 | $12.5M | Reduce -0.2% |
| AMGN Amgen Inc. | 0.46% | 39,683 | $12.4M | Reduce -0.1% |
| SYY Sysco Corp. | 0.45% | 169,927 | $12.1M | Reduce -0.3% |
| PYPL PayPal Holdings Inc. | 0.45% | 207,403 | $12.0M | Reduce -11.3% |
| ALB Albemarle Corp. | 0.44% | 123,436 | $11.8M | Add +8.0% |
| HON Honeywell International Inc. | 0.44% | 54,943 | $11.7M | Reduce -2.8% |
| ENTG Entegris Inc. | 0.44% | 86,235 | $11.7M | Reduce -8.4% |
| ADP Automatic Data Processing | 0.43% | 48,571 | $11.6M | Reduce -1.1% |
| WMT Walmart Inc. | 0.43% | 169,292 | $11.5M | Reduce -0.7% |
| COP Conocophillips | 0.43% | 99,413 | $11.4M | Reduce -0.3% |
| KEYS Keysight Technologies Inc. | 0.42% | 82,757 | $11.3M | Reduce -3.8% |
| LMBS First Trust Low Duration Opp | 0.42% | 233,059 | $11.2M | Reduce -9.1% |
| PM Philip Morris International | 0.41% | 109,198 | $11.1M | Reduce -1.2% |
| EBAY eBay Inc. | 0.40% | 196,808 | $10.6M | Reduce -0.2% |
| MRK Merck & Co. Inc. | 0.37% | 79,937 | $9.9M | Add +0.6% |
| VZ Verizon Communications Inc. | 0.35% | 229,128 | $9.4M | Reduce -1.9% |
| NVS Novartis AG-Sponsored ADR | 0.35% | 87,987 | $9.4M | Reduce -0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.34% | 16,859 | $9.2M | Add +0.3% |
| BA The Boeing Co. | 0.33% | 48,168 | $8.8M | Reduce -0.8% |
| VOO Vanguard S&P 500 ETF | 0.32% | 16,878 | $8.4M | Add +1.2% |
| NOC Northrop Grumman Corp. | 0.32% | 19,321 | $8.4M | Reduce -2.5% |
| BP BP PLC-Spons ADR | 0.31% | 228,155 | $8.2M | Reduce -1.0% |
| IJR iShares Core S&P Small-Cap E | 0.31% | 77,218 | $8.2M | Add +6.2% |
| J Jacobs Solutions Inc. | 0.31% | 58,847 | $8.2M | Reduce -1.0% |
| XLK SS Technology Select Sector | 0.31% | 36,127 | $8.2M | Reduce -1.4% |
| ITW Illinois Tool Works | 0.30% | 34,041 | $8.1M | Reduce -3.3% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.29% | 128,285 | $7.7M | Reduce -3.7% |
| PSA Public Storage | 0.29% | 26,666 | $7.7M | No change |
| NVDA Nvidia Corp. | 0.28% | 61,528 | $7.6M | Add +1.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.28% | 43,510 | $7.5M | Reduce -0.6% |
| MMM 3M Co. | 0.27% | 71,127 | $7.3M | Reduce -6.5% |
| TXN Texas Instruments Inc. | 0.27% | 36,581 | $7.1M | Reduce -2.5% |
| CAG Conagra Brands Inc. | 0.26% | 246,102 | $7.0M | Reduce -13.8% |
| TGT Target Corp. | 0.25% | 45,950 | $6.8M | Reduce -0.4% |
| GS Goldman Sachs Group Inc. | 0.24% | 14,136 | $6.4M | Reduce -0.2% |
| CARR Carrier Global Corp. | 0.23% | 96,068 | $6.1M | Reduce -0.9% |
| ENR Energizer Holdings Inc. | 0.22% | 203,006 | $6.0M | No change |
| LMT Lockheed Martin Corp. | 0.22% | 12,748 | $6.0M | Reduce -3.8% |
| EPC Edgewell Personal Care Co. | 0.22% | 147,137 | $5.9M | No change |
| OXY Occidental Petroleum Corp. | 0.22% | 93,260 | $5.9M | Add +0.8% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $792K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 19,245 | $792K | Reduce -7.8% |
Total filed on the 13F, all lines: $2.7B.
Portfolio Sells Q1 2024 → Q2 2024
| UPS United Parcel Service Class B | Reduce -0.1% | 4.42% | −0.36 |
| INTC Intel Corp. | Reduce -0.8% | 0.79% | −0.34 |
| LOW Lowe's Cos Inc. | Reduce -0.1% | 1.75% | −0.26 |
| FAST Fastenal Co. | Reduce -0.1% | 1.04% | −0.23 |
| BMY Bristol-Myers Squibb Co. | Reduce -3.7% | 0.63% | −0.22 |
| NKE Nike Inc. Class B | Reduce -3.6% | 0.56% | −0.16 |
| DIS The Walt Disney Co. | Reduce -0.8% | 0.61% | −0.14 |
| PYPL PayPal Holdings Inc. | Reduce -11.3% | 0.45% | −0.13 |
| KMX Carmax Inc. | Reduce -2.5% | 0.56% | −0.12 |
| A Agilent Technologies Inc. | Reduce -3.7% | 0.71% | −0.11 |
| JNJ Johnson & Johnson | Reduce -0.4% | 1.36% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.6% | 2.83% | −0.09 |
| MCD McDonald's Corp. | Reduce -0.2% | 0.85% | −0.09 |
| ABT Abbott Laboratories | Reduce -0.8% | 0.86% | −0.08 |
| KEYS Keysight Technologies Inc. | Reduce -3.8% | 0.42% | −0.08 |
| ALSN Allison Transmission Holding | Reduce -0.3% | 1.09% | −0.07 |
| SYY Sysco Corp. | Reduce -0.3% | 0.45% | −0.06 |
| SYK Stryker Corp. | Reduce -1.0% | 1.08% | −0.06 |
| ABBV Abbvie Inc. | Reduce -0.2% | 1.05% | −0.06 |
| EMR Emerson Electric Co. | Reduce -2.2% | 1.22% | −0.06 |
| ENTG Entegris Inc. | Reduce -8.4% | 0.44% | −0.05 |
| CAG Conagra Brands Inc. | Reduce -13.8% | 0.26% | −0.05 |
| HD Home Depot Inc. | Reduce -0.2% | 0.47% | −0.05 |
| TGT Target Corp. | Reduce -0.4% | 0.25% | −0.05 |
| ITW Illinois Tool Works | Reduce -3.3% | 0.30% | −0.05 |
| CAT Caterpillar Inc. | Reduce -0.0% | 0.50% | −0.05 |
| COP Conocophillips | Reduce -0.3% | 0.43% | −0.05 |
| NEU Newmarket Corp. | Reduce -6.3% | 0.14% | −0.04 |
| LMBS First Trust Low Duration Opp | Reduce -9.1% | 0.42% | −0.04 |
| PEP Pepsico Inc. | Reduce -0.4% | 0.68% | −0.04 |
| NOC Northrop Grumman Corp. | Reduce -2.5% | 0.32% | −0.04 |
| J Jacobs Solutions Inc. | Reduce -1.0% | 0.31% | −0.03 |
| NUE Nucor Corp. | Reduce -1.2% | 0.12% | −0.03 |
| MO Altria Group Inc. | Reduce -22.0% | 0.13% | −0.03 |
| IBM Intl Business Machines Corp. | Reduce -0.6% | 0.28% | −0.03 |
| MMM 3M Co. | Reduce -6.5% | 0.27% | −0.03 |
| EW Edwards Lifesciences Corp. | Reduce -0.3% | 0.83% | −0.03 |
| GE General Electric | Reduce -2.0% | 0.21% | −0.02 |
| VOD Vodafone Group PLC-SP ADR | Reduce -33.5% | 0.05% | −0.02 |
| ADP Automatic Data Processing | Reduce -1.1% | 0.43% | −0.02 |
| GILD Gilead Sciences Inc. | Reduce -5.6% | 0.17% | −0.02 |
| BA The Boeing Co. | Reduce -0.8% | 0.33% | −0.02 |
| TPR Tapestry Inc. | Reduce -0.7% | 0.15% | −0.02 |
| BP BP PLC-Spons ADR | Reduce -1.0% | 0.31% | −0.01 |
| FTRE Fortrea Holdings Inc. | Reduce -31.3% | 0.01% | −0.01 |
| PSX Phillips 66 | Reduce -0.3% | 0.09% | −0.01 |
| CMI Cummins Inc. | Reduce -0.1% | 0.20% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -1.9% | 0.35% | −0.01 |
| OTIS Otis Worldwide Corp. | Reduce -3.0% | 0.16% | −0.01 |
| SOLV Solventum Corp. | Reduce -23.4% | 0.03% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| GOOG Alphabet Inc. Class C | Add +0.3% | 1.11% | +0.20 |
| AMZN Amazon.com Inc. | Add +0.6% | 1.28% | +0.10 |
| NVDA Nvidia Corp. | Add +1.8% | 0.28% | +0.08 |
| UNH Unitedhealth Group Inc. | Add +4.9% | 0.96% | +0.08 |
| GLD SPDR Gold Shares | Add +0.3% | 0.70% | +0.04 |
| META Meta Platforms Inc. Class A | Add +0.6% | 0.68% | +0.03 |
| JCI Johnson Controls Internation | Add +1.0% | 0.77% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +1.2% | 0.32% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 0.34% | +0.02 |
| EXPD Expeditors Intl Wash Inc. | Add +6.2% | 0.15% | +0.01 |
| SBUX Starbucks Corp. | Add +19.5% | 0.56% | +0.01 |
| PFE Pfizer Inc. | Add +0.6% | 0.54% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +6.2% | 0.31% | +0.01 |
| VOOG Vanguard S&P 500 Growth ETF | New | 0.01% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.4% | 0.03% | +0.01 |
| BAC Bank of America Corp. | Add +2.9% | 0.08% | +0.01 |
| ETN Eaton Corp. PLC | Add +5.2% | 0.10% | +0.01 |
| FDX FedEx Corp. | Add +28.4% | 0.02% | +0.00 |
| SLV iShares Silver Trust | Add +24.5% | 0.01% | +0.00 |
| NFLX Netflix Inc. | Add +2.6% | 0.02% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +10.8% | 0.01% | +0.00 |
| IYH iShares U.S. Healthcare ETF | Add +12.9% | 0.01% | +0.00 |
| MET Metlife Inc. | Add +22.4% | 0.01% | +0.00 |
| IAU iShares Gold Trust | Add +0.5% | 0.02% | +0.00 |
| XLE SS Energy Select Sector | Add +5.7% | 0.01% | +0.00 |
| RSP Invesco S&P 500 Equal Weight | Add +0.1% | 0.02% | −0.00 |
| TOL Toll Brothers Inc. | Add +5.1% | 0.01% | −0.00 |
| CMCSA Comcast Corp. Class A | Add +5.2% | 0.03% | −0.00 |
| AMD Advanced Micro Devices | Add +5.6% | 0.04% | −0.00 |
| V Visa Inc. Class A | Add +0.3% | 0.05% | −0.00 |
| WBD Warner Bros Discovery Inc. | Add +13.4% | 0.12% | −0.00 |
| XOM Exxon Mobil Corp. | Add +0.0% | 1.38% | −0.00 |
| OXY Occidental Petroleum Corp. | Add +0.8% | 0.22% | −0.00 |
| KHC The Kraft Heinz Co. | Add +0.1% | 0.03% | −0.00 |
| ITB iShares U.S. Home Constructi | Add +0.0% | 0.03% | −0.00 |
| DE Deere & Co. | Add +2.0% | 0.08% | −0.01 |
| NSC Norfolk Southern Corp. | Add +1.3% | 0.06% | −0.01 |
| LH Laboratory CRP of Amer Hldgs | Add +4.3% | 0.65% | −0.01 |
| CSCO Cisco Systems Inc. | Add +1.8% | 0.73% | −0.02 |
| MRK Merck & Co. Inc. | Add +0.6% | 0.37% | −0.02 |
| GIS General Mills Inc. | Add +0.2% | 0.22% | −0.02 |
| AKAM Akamai Technologies Inc. | Add +4.9% | 0.20% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Add +0.2% | 0.50% | −0.03 |
| UNP Union Pacific Corp. | Add +0.3% | 0.48% | −0.04 |
| CTVA Corteva Inc. | Add +1.8% | 0.94% | −0.04 |
| WBA Walgreens Boots Alliance Inc. | Add +1.1% | 0.08% | −0.06 |
| SLB SLB Ltd. | Add +5.2% | 0.68% | −0.07 |
| ALB Albemarle Corp. | Add +8.0% | 0.44% | −0.12 |
| ACN Accenture PLC Class A | Add +1.5% | 1.96% | −0.23 |
Notes & Other Activity Q1 2024 → Q2 2024
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Reduce -7.8% | 19,245 | $792K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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 |