First Fiduciary Investment Counsel, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), First Fiduciary Investment Counsel, Inc. reported 73 stock positions worth $513.7 million. Its top holding was JPMorgan Chase (JPM) at 7.9% of the portfolio, followed by Microsoft (MSFT, 7.7%) and BlackRock (BLK, 5.1%). Compared with Q2 2025, it opened 2 new positions, added to 17 and reduced 28. The biggest buy was Blackstone (BX, shares +37%) and the biggest sale Accenture Class A (ACN, shares −41%).

Most Recent 13F
Q2 2026
Location
CLEVELAND, OH
CIK
0001072843
Portfolio Value
$513.7M (Q3 2025)
SEC Filing
0001072843-25-000007 ↗ filed Nov 5, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $482.2M Q1 2024 Q2 2024: $461.4M Q2 2024 Q3 2024: $499.4M Q3 2024 Q4 2024: $491.7M Q4 2024 Q1 2025: $466.1M Q1 2025 Q2 2025: $504.4M Q2 2025 Q3 2025: $513.7M $513.7M Q3 2025 Q4 2025: $515.9M Q4 2025 Q1 2026: $497.1M Q1 2026 Q2 2026: $529.2M Q2 2026

Holdings 73 stocks · $513.7M
JPM JPMorgan Chase & Co. 7.88% 128,313 $40.5M Reduce -3.1%
MSFT Microsoft Corp. 7.71% 76,429 $39.6M Reduce -2.9%
BLK BlackRock Inc. 5.15% 22,674 $26.4M Reduce -1.7%
GS Goldman Sachs Group Inc. 4.76% 30,684 $24.4M Reduce -1.9%
LOW Lowe's Cos Inc. 4.66% 95,270 $23.9M Add +0.2%
HON Honeywell International Inc. 3.51% 85,714 $18.0M Add +4.0%
NVS Novartis AG-Sponsored ADR 3.41% 136,470 $17.5M Reduce -0.3%
JNJ Johnson & Johnson 3.34% 92,622 $17.2M Reduce -0.5%
ORCL Oracle Corp. 2.86% 52,203 $14.7M Reduce -29.1%
MAR Marriott International Class A 2.81% 55,499 $14.5M Add +3.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.80% 125,548 $14.4M Reduce -1.2%
WM Waste Management Inc. 2.77% 64,447 $14.2M Add +7.6%
WTW Willis Towers Watson PLC 2.75% 40,920 $14.1M Reduce -0.7%
EQIX Equinix Inc. 2.74% 17,942 $14.1M Add +7.9%
NDAQ Nasdaq Inc. 2.71% 157,171 $13.9M Reduce -2.4%
LMT Lockheed Martin Corp. 2.47% 25,445 $12.7M Reduce -2.3%
COF Capital One Financial Corp. 2.46% 59,478 $12.6M Add +2.3%
CSCO Cisco Systems Inc. 2.39% 179,302 $12.3M Reduce -3.7%
PM Philip Morris International 2.35% 74,524 $12.1M Reduce -0.1%
KO The Coca-Cola Co. 2.34% 181,117 $12.0M Add +2.7%
NEE Nextera Energy Inc. 2.14% 145,912 $11.0M Reduce -1.0%
MCD McDonald's Corp. 2.05% 34,582 $10.5M Add +1.5%
ALC Alcon Inc. filed as ALCON AG 1.90% 130,949 $9.8M Add +0.5%
PG The Procter & Gamble Co. 1.86% 62,136 $9.5M Add +1.4%
MDLZ Mondelez International Inc. Class A 1.84% 151,612 $9.5M Add +5.5%
TXN Texas Instruments Inc. 1.75% 48,845 $9.0M Reduce -4.5%
DHR Danaher Corp. 1.61% 41,622 $8.3M Add +0.2%
BX Blackstone Inc. 1.53% 46,087 $7.9M Add +37.5%
PSX Phillips 66 1.49% 56,236 $7.6M Reduce -1.0%
GOOGL Alphabet Inc. Class A 1.47% 31,035 $7.5M Add +8.4%
UPS United Parcel Service Class B 1.17% 71,686 $6.0M Reduce -9.5%
PFE Pfizer Inc. 1.15% 231,732 $5.9M Reduce -2.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.00% 149,261 $5.1M Reduce -1.3%
AMGN Amgen Inc. 0.98% 17,870 $5.0M Add +3.6%
ACN Accenture PLC Class A 0.86% 17,866 $4.4M Reduce -41.0%
AAPL Apple Inc. 0.42% 8,405 $2.1M Reduce -0.7%
IBDQ iShares Ibonds Dec 2025 Term 0.40% 80,953 $2.0M Reduce -5.6%
IBDR iShares Ibonds Dec 2026 Term 0.37% 79,130 $1.9M Reduce -3.4%
IBDS Ishrs Ibnds Dec 27 Corp. ETF 0.33% 70,310 $1.7M Reduce -2.3%
IBDT iShares Ibonds Dec 2028 ETF 0.30% 61,105 $1.6M Add +0.9%
HD Home Depot Inc. 0.28% 3,537 $1.4M No change
IBDU iShares Ibonds Dec 2029 Term 0.23% 51,095 $1.2M No change
ABBV Abbvie Inc. 0.20% 4,364 $1.0M No change
BSCP Invesco Bulletshares 2025 CB 0.20% 48,412 $1.0M No change
WMT Walmart Inc. 0.19% 9,263 $955K No change
WFC Wells Fargo & Co. 0.16% 10,070 $844K No change
BSCR Invesco Bulletshares 2027 CB 0.16% 40,575 $800K Add +1.3%
BSCQ Invesco Bulletshares 2026 CB 0.15% 38,822 $759K Reduce -0.3%
MRK Merck & Co. Inc. 0.13% 8,118 $681K No change
GOOG Alphabet Inc. Class C 0.13% 2,690 $655K No change
AMZN Amazon.com Inc. 0.12% 2,798 $614K No change
COST Costco Wholesale Corp. 0.12% 654 $605K No change
XOM Exxon Mobil Corp. 0.10% 4,684 $528K No change
ABT Abbott Laboratories 0.10% 3,926 $526K No change
SO The Southern Co. 0.09% 5,060 $480K No change
NVDA Nvidia Corp. 0.09% 2,565 $479K No change
AXP American Express Co. 0.09% 1,333 $443K No change
DVY iShares Select Dividend ETF 0.08% 2,872 $408K No change
SF Stifel Financial Corp. 0.08% 3,450 $391K No change
LLY Eli Lilly & Co. 0.07% 500 $381K No change
BSCS Invesco Bulletshares 2028 CB 0.07% 18,465 $380K No change
NSC Norfolk Southern Corp. 0.07% 1,230 $370K No change
ALL Allstate Corp. 0.07% 1,684 $361K No change
ITOT iShares Core S&P Total U.S. 0.07% 2,323 $338K Reduce -2.8%
LNT Alliant Energy Corp. 0.07% 5,000 $337K No change
BSCT Invesco Bulletshares 2029 CB 0.06% 17,550 $330K No change
PEP Pepsico Inc. 0.06% 2,260 $317K No change
CVX Chevron Corp. 0.06% 1,898 $295K No change
GIS General Mills Inc. 0.06% 5,717 $288K Reduce -0.1%
SBUX Starbucks Corp. 0.05% 3,023 $256K No change
IVV iShares Core S&P 500 ETF 0.05% 371 $248K Reduce -11.2%
WEC WEC Energy Group Inc. 0.04% 1,850 $212K New
ETN Eaton Corp. PLC 0.04% 540 $202K New

Portfolio Sells Q2 2025 → Q3 2025
ACN Accenture PLC Class A Reduce -41.0% 0.86% −0.94
UPS United Parcel Service Class B Reduce -9.5% 1.17% −0.42
TXN Texas Instruments Inc. Reduce -4.5% 1.75% −0.36
PM Philip Morris International Reduce -0.1% 2.35% −0.34
ORCL Oracle Corp. Reduce -29.1% 2.86% −0.33
DIS The Walt Disney Co. Reduce -1.2% 2.80% −0.33
CSCO Cisco Systems Inc. Reduce -3.7% 2.39% −0.17
NDAQ Nasdaq Inc. Reduce -2.4% 2.71% −0.15
MSFT Microsoft Corp. Reduce -2.9% 7.71% −0.06
IBDQ iShares Ibonds Dec 2025 Term Reduce -5.6% 0.40% −0.03
IBDR iShares Ibonds Dec 2026 Term Reduce -3.4% 0.37% −0.02
SLB SLB Ltd. Reduce -1.3% 1.00% −0.01
IBDS Ishrs Ibnds Dec 27 Corp. ETF Reduce -2.3% 0.33% −0.01
IVV iShares Core S&P 500 ETF Reduce -11.2% 0.05% −0.00
BSCQ Invesco Bulletshares 2026 CB Reduce -0.3% 0.15% −0.00
GIS General Mills Inc. Reduce -0.1% 0.06% −0.00
ITOT iShares Core S&P Total U.S. Reduce -2.8% 0.07% +0.00
PFE Pfizer Inc. Reduce -2.2% 1.15% +0.01
AAPL Apple Inc. Reduce -0.7% 0.42% +0.07
LMT Lockheed Martin Corp. Reduce -2.3% 2.47% +0.08
NEE Nextera Energy Inc. Reduce -1.0% 2.14% +0.12
NVS Novartis AG-Sponsored ADR Reduce -0.3% 3.41% +0.12
PSX Phillips 66 Reduce -1.0% 1.49% +0.15
WTW Willis Towers Watson PLC Reduce -0.7% 2.75% +0.25
JPM JPMorgan Chase & Co. Reduce -3.1% 7.88% +0.27
BLK BlackRock Inc. Reduce -1.7% 5.15% +0.35
GS Goldman Sachs Group Inc. Reduce -1.9% 4.76% +0.37
JNJ Johnson & Johnson Reduce -0.5% 3.34% +0.52

Portfolio Buys Q2 2025 → Q3 2025
BX Blackstone Inc. Add +37.5% 1.53% +0.54
LOW Lowe's Cos Inc. Add +0.2% 4.66% +0.48
GOOGL Alphabet Inc. Class A Add +8.4% 1.47% +0.47
EQIX Equinix Inc. Add +7.9% 2.74% +0.11
MCD McDonald's Corp. Add +1.5% 2.05% +0.07
WM Waste Management Inc. Add +7.6% 2.77% +0.05
WEC WEC Energy Group Inc. New 0.04% +0.04
ETN Eaton Corp. PLC New 0.04% +0.04
AMGN Amgen Inc. Add +3.6% 0.98% +0.03
COF Capital One Financial Corp. Add +2.3% 2.46% +0.01
BSCR Invesco Bulletshares 2027 CB Add +1.3% 0.16% −0.00
IBDT iShares Ibonds Dec 2028 ETF Add +0.9% 0.30% −0.00
DHR Danaher Corp. Add +0.2% 1.61% −0.02
PG The Procter & Gamble Co. Add +1.4% 1.86% −0.08
MDLZ Mondelez International Inc. Class A Add +5.5% 1.84% −0.08
MAR Marriott International Class A Add +3.3% 2.81% −0.10
KO The Coca-Cola Co. Add +2.7% 2.34% −0.14
HON Honeywell International Inc. Add +4.0% 3.51% −0.29
ALC Alcon Inc. Add +0.5% 1.90% −0.38

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 75$529.2MJPM, MSFT, BLK, LOW, GS
Q1 2026 66$497.1MJPM, MSFT, LOW, JNJ, BLK
Q4 2025 71$515.9MJPM, MSFT, GS, BLK, LOW
Q3 2025 73$513.7MJPM, MSFT, BLK, GS, LOW
Q2 2025 71$504.4MMSFT, JPM, BLK, GS, LOW
Q1 2025 68$466.1MJPM, MSFT, LOW, BLK, HON
Q4 2024 66$491.7MMSFT, JPM, LOW, BLK, GS
Q3 2024 68$499.4MMSFT, JPM, LOW, BLK, HON
Q2 2024 64$461.4MMSFT, JPM, LOW, HON, BLK
Q1 2024 65$482.2MMSFT, JPM, LOW, HON, BLK