First Fiduciary Investment Counsel, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 30, 2026), First Fiduciary Investment Counsel, Inc. reported 71 stock positions worth $515.9 million. Its top holding was JPMorgan Chase (JPM) at 7.9% of the portfolio, followed by Microsoft (MSFT, 7.1%) and Goldman Sachs (GS, 5.1%). Compared with Q3 2025, it opened 3 new positions, sold out of 5, added to 26 and reduced 24. The biggest buy was a new position in Union Pacific (UNP) and the biggest sale an exit from Willis Towers Watson (WTW).
- Most Recent 13F
- Q2 2026
- Location
- CLEVELAND, OH
- CIK
- 0001072843
- Portfolio Value
- $515.9M (Q4 2025)
- SEC Filing
- 0001072843-26-000001 ↗ filed Jan 30, 2026
Holdings Value
Holdings 71 stocks · $515.9M
| JPM JPMorgan Chase & Co. | 7.92% | 126,782 | $40.9M | Reduce -1.2% |
| MSFT Microsoft Corp. | 7.11% | 75,851 | $36.7M | Reduce -0.8% |
| GS Goldman Sachs Group Inc. | 5.07% | 29,778 | $26.2M | Reduce -3.0% |
| BLK BlackRock Inc. | 4.71% | 22,710 | $24.3M | Add +0.2% |
| LOW Lowe's Cos Inc. | 4.51% | 96,437 | $23.3M | Add +1.2% |
| NVS Novartis AG-Sponsored ADR | 3.62% | 135,448 | $18.7M | Reduce -0.8% |
| JNJ Johnson & Johnson | 3.56% | 88,680 | $18.4M | Reduce -4.3% |
| MAR Marriott International Class A | 3.34% | 55,543 | $17.2M | Add +0.1% |
| HON Honeywell International Inc. | 3.23% | 85,335 | $16.6M | Reduce -0.4% |
| NDAQ Nasdaq Inc. | 3.02% | 160,532 | $15.6M | Add +2.1% |
| WM Waste Management Inc. | 2.85% | 66,985 | $14.7M | Add +3.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.79% | 126,563 | $14.4M | Add +0.8% |
| COF Capital One Financial Corp. | 2.79% | 59,373 | $14.4M | Reduce -0.2% |
| CSCO Cisco Systems Inc. | 2.74% | 183,465 | $14.1M | Add +2.3% |
| EQIX Equinix Inc. | 2.63% | 17,721 | $13.6M | Reduce -1.2% |
| KO The Coca-Cola Co. | 2.48% | 183,365 | $12.8M | Add +1.2% |
| LMT Lockheed Martin Corp. | 2.43% | 25,904 | $12.5M | Add +1.8% |
| GOOGL Alphabet Inc. Class A | 2.40% | 39,535 | $12.4M | Add +27.4% |
| NEE Nextera Energy Inc. | 2.33% | 149,510 | $12.0M | Add +2.5% |
| PM Philip Morris International | 2.31% | 74,301 | $11.9M | Reduce -0.3% |
| MCD McDonald's Corp. | 2.05% | 34,562 | $10.6M | Reduce -0.1% |
| ALC Alcon Inc. filed as ALCON AG | 2.00% | 130,728 | $10.3M | Reduce -0.2% |
| BX Blackstone Inc. | 1.99% | 66,582 | $10.3M | Add +44.5% |
| ORCL Oracle Corp. | 1.97% | 52,057 | $10.1M | Reduce -0.3% |
| DHR Danaher Corp. | 1.88% | 42,399 | $9.7M | Add +1.9% |
| MDLZ Mondelez International Inc. Class A | 1.83% | 175,847 | $9.5M | Add +16.0% |
| PG The Procter & Gamble Co. | 1.81% | 65,103 | $9.3M | Add +4.8% |
| TXN Texas Instruments Inc. | 1.62% | 48,057 | $8.3M | Reduce -1.6% |
| PSX Phillips 66 | 1.40% | 55,958 | $7.2M | Reduce -0.5% |
| PFE Pfizer Inc. | 1.32% | 273,397 | $6.8M | Add +18.0% |
| AMGN Amgen Inc. | 1.13% | 17,855 | $5.8M | Reduce -0.1% |
| SLB SLB Ltd. filed as SLB LIMITED | 1.05% | 141,342 | $5.4M | Reduce -5.3% |
| UNP Union Pacific Corp. | 1.00% | 22,314 | $5.2M | New |
| ACN Accenture PLC Class A | 0.94% | 18,149 | $4.9M | Add +1.6% |
| UPS United Parcel Service Class B | 0.88% | 45,819 | $4.5M | Reduce -36.1% |
| AAPL Apple Inc. | 0.41% | 7,797 | $2.1M | Reduce -7.2% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.37% | 74,910 | $1.9M | Add +22.6% |
| IBDR iShares Ibonds Dec 2026 Term | 0.37% | 78,448 | $1.9M | Reduce -0.9% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.37% | 77,580 | $1.9M | Add +10.3% |
| IBDU iShares Ibonds Dec 2029 Term | 0.27% | 60,345 | $1.4M | Add +18.1% |
| HD Home Depot Inc. | 0.24% | 3,537 | $1.2M | No change |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.22% | 51,600 | $1.1M | New |
| WMT Walmart Inc. | 0.20% | 9,263 | $1.0M | No change |
| ABBV Abbvie Inc. | 0.18% | 4,164 | $951K | Reduce -4.6% |
| WFC Wells Fargo & Co. | 0.18% | 10,070 | $939K | No change |
| BSCR Invesco Bulletshares 2027 CB | 0.18% | 47,012 | $928K | Add +15.9% |
| MRK Merck & Co. Inc. | 0.17% | 8,118 | $855K | No change |
| GOOG Alphabet Inc. Class C | 0.16% | 2,690 | $844K | No change |
| BSCS Invesco Bulletshares 2028 CB | 0.16% | 39,270 | $809K | Add +112.7% |
| BSCQ Invesco Bulletshares 2026 CB | 0.15% | 40,227 | $787K | Add +3.6% |
| AMZN Amazon.com Inc. | 0.12% | 2,598 | $600K | Reduce -7.2% |
| COST Costco Wholesale Corp. | 0.11% | 654 | $564K | No change |
| XOM Exxon Mobil Corp. | 0.11% | 4,684 | $564K | No change |
| LLY Eli Lilly & Co. | 0.10% | 500 | $537K | No change |
| NVDA Nvidia Corp. | 0.10% | 2,715 | $506K | Add +5.8% |
| BSCT Invesco Bulletshares 2029 CB | 0.10% | 26,265 | $495K | Add +49.7% |
| AXP American Express Co. | 0.10% | 1,333 | $493K | No change |
| ABT Abbott Laboratories | 0.10% | 3,926 | $492K | No change |
| SO The Southern Co. | 0.09% | 5,060 | $441K | No change |
| SF Stifel Financial Corp. | 0.08% | 3,450 | $432K | No change |
| DVY iShares Select Dividend ETF | 0.08% | 2,872 | $405K | No change |
| ITOT iShares Core S&P Total U.S. | 0.07% | 2,421 | $360K | Add +4.2% |
| NSC Norfolk Southern Corp. | 0.07% | 1,230 | $355K | No change |
| LNT Alliant Energy Corp. | 0.06% | 5,000 | $325K | No change |
| PEP Pepsico Inc. | 0.06% | 2,260 | $324K | No change |
| BSCU Invesco Bulletshares 2030 CB | 0.06% | 17,805 | $301K | New |
| CVX Chevron Corp. | 0.06% | 1,898 | $289K | No change |
| GIS General Mills Inc. | 0.05% | 5,717 | $266K | No change |
| ALL Allstate Corp. | 0.05% | 1,250 | $260K | Reduce -25.8% |
| IVV iShares Core S&P 500 ETF | 0.05% | 369 | $253K | Reduce -0.5% |
| SBUX Starbucks Corp. | 0.05% | 2,958 | $249K | Reduce -2.1% |
Portfolio Sells Q3 2025 → Q4 2025
| WTW Willis Towers Watson PLC | Sold out | 0.00% | −2.75 |
| ORCL Oracle Corp. | Reduce -0.3% | 1.97% | −0.89 |
| MSFT Microsoft Corp. | Reduce -0.8% | 7.11% | −0.59 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.40 |
| HON Honeywell International Inc. | Reduce -0.4% | 3.23% | −0.29 |
| UPS United Parcel Service Class B | Reduce -36.1% | 0.88% | −0.28 |
| BSCP Invesco Bulletshares 2025 CB | Sold out | 0.00% | −0.20 |
| TXN Texas Instruments Inc. | Reduce -1.6% | 1.62% | −0.13 |
| EQIX Equinix Inc. | Reduce -1.2% | 2.63% | −0.10 |
| PSX Phillips 66 | Reduce -0.5% | 1.40% | −0.09 |
| PM Philip Morris International | Reduce -0.3% | 2.31% | −0.04 |
| WEC WEC Energy Group Inc. | Sold out | 0.00% | −0.04 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.04 |
| ALL Allstate Corp. | Reduce -25.8% | 0.05% | −0.02 |
| ABBV Abbvie Inc. | Reduce -4.6% | 0.18% | −0.01 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -0.9% | 0.37% | −0.01 |
| AAPL Apple Inc. | Reduce -7.2% | 0.41% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -7.2% | 0.12% | −0.00 |
| SBUX Starbucks Corp. | Reduce -2.1% | 0.05% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -0.5% | 0.05% | +0.00 |
| MCD McDonald's Corp. | Reduce -0.1% | 2.05% | +0.00 |
| JPM JPMorgan Chase & Co. | Reduce -1.2% | 7.92% | +0.04 |
| SLB SLB Ltd. | Reduce -5.3% | 1.05% | +0.05 |
| ALC Alcon Inc. | Reduce -0.2% | 2.00% | +0.10 |
| AMGN Amgen Inc. | Reduce -0.1% | 1.13% | +0.15 |
| NVS Novartis AG-Sponsored ADR | Reduce -0.8% | 3.62% | +0.21 |
| JNJ Johnson & Johnson | Reduce -4.3% | 3.56% | +0.21 |
| GS Goldman Sachs Group Inc. | Reduce -3.0% | 5.07% | +0.32 |
| COF Capital One Financial Corp. | Reduce -0.2% | 2.79% | +0.33 |
Portfolio Buys Q3 2025 → Q4 2025
| UNP Union Pacific Corp. | New | 1.00% | +1.00 |
| GOOGL Alphabet Inc. Class A | Add +27.4% | 2.40% | +0.93 |
| MAR Marriott International Class A | Add +0.1% | 3.34% | +0.53 |
| BX Blackstone Inc. | Add +44.5% | 1.99% | +0.46 |
| CSCO Cisco Systems Inc. | Add +2.3% | 2.74% | +0.35 |
| NDAQ Nasdaq Inc. | Add +2.1% | 3.02% | +0.32 |
| DHR Danaher Corp. | Add +1.9% | 1.88% | +0.28 |
| IBDV iShares Ibonds Dec 2030 Corp. | New | 0.22% | +0.22 |
| NEE Nextera Energy Inc. | Add +2.5% | 2.33% | +0.18 |
| PFE Pfizer Inc. | Add +18.0% | 1.32% | +0.17 |
| KO The Coca-Cola Co. | Add +1.2% | 2.48% | +0.15 |
| ACN Accenture PLC Class A | Add +1.6% | 0.94% | +0.09 |
| BSCS Invesco Bulletshares 2028 CB | Add +112.7% | 0.16% | +0.08 |
| WM Waste Management Inc. | Add +3.9% | 2.85% | +0.08 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +22.6% | 0.37% | +0.07 |
| BSCU Invesco Bulletshares 2030 CB | New | 0.06% | +0.06 |
| IBDU iShares Ibonds Dec 2029 Term | Add +18.1% | 0.27% | +0.04 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +10.3% | 0.37% | +0.03 |
| BSCT Invesco Bulletshares 2029 CB | Add +49.7% | 0.10% | +0.03 |
| BSCR Invesco Bulletshares 2027 CB | Add +15.9% | 0.18% | +0.02 |
| BSCQ Invesco Bulletshares 2026 CB | Add +3.6% | 0.15% | +0.00 |
| NVDA Nvidia Corp. | Add +5.8% | 0.10% | +0.00 |
| ITOT iShares Core S&P Total U.S. | Add +4.2% | 0.07% | +0.00 |
| DIS The Walt Disney Co. | Add +0.8% | 2.79% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Add +16.0% | 1.83% | −0.01 |
| LMT Lockheed Martin Corp. | Add +1.8% | 2.43% | −0.04 |
| PG The Procter & Gamble Co. | Add +4.8% | 1.81% | −0.05 |
| LOW Lowe's Cos Inc. | Add +1.2% | 4.51% | −0.15 |
| BLK BlackRock Inc. | Add +0.2% | 4.71% | −0.43 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 75 | $529.2M | JPM, MSFT, BLK, LOW, GS |
| Q1 2026 | 66 | $497.1M | JPM, MSFT, LOW, JNJ, BLK |
| Q4 2025 | 71 | $515.9M | JPM, MSFT, GS, BLK, LOW |
| Q3 2025 | 73 | $513.7M | JPM, MSFT, BLK, GS, LOW |
| Q2 2025 | 71 | $504.4M | MSFT, JPM, BLK, GS, LOW |
| Q1 2025 | 68 | $466.1M | JPM, MSFT, LOW, BLK, HON |
| Q4 2024 | 66 | $491.7M | MSFT, JPM, LOW, BLK, GS |
| Q3 2024 | 68 | $499.4M | MSFT, JPM, LOW, BLK, HON |
| Q2 2024 | 64 | $461.4M | MSFT, JPM, LOW, HON, BLK |
| Q1 2024 | 65 | $482.2M | MSFT, JPM, LOW, HON, BLK |