Johnson Investment Counsel Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), Johnson Investment Counsel Inc. reported 761 stock positions worth $9.2 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 7.3% of the portfolio, followed by Procter & Gamble (PG, 4.0%) and iShares Russell 1000 ETF (IWB, 3.9%). Compared with Q4 2023, it opened 79 new positions, sold out of 29, added to 288 and reduced 287. The biggest buy was a new position in Alliant Energy (LNT) and the biggest sale an exit from Abbott Laboratories (ABT).
- Most Recent 13F
- Q2 2026
- Location
- Cincinnati, OH
- CIK
- 0000821197
- Portfolio Value
- $9.2B (Q1 2024)
- SEC Filing
- 0001104659-24-059282 ↗ filed May 9, 2024
Holdings Value
Holdings 761 stocks · $9.2B
| IVV iShares Core S&P 500 ETF | 7.35% | 1,285,916 | $676.0M | Add +1.2% |
| PG The Procter & Gamble Co. | 4.01% | 2,272,318 | $368.7M | Reduce -1.5% |
| IWB iShares Russell 1000 ETF | 3.91% | 1,250,735 | $360.2M | Add +2.0% |
| AAPL Apple Inc. | 3.66% | 1,963,893 | $336.8M | Reduce -0.5% |
| MSFT Microsoft Corp. | 3.41% | 745,952 | $313.8M | Add +0.4% |
| GOOGL Alphabet Inc. Class A | 2.28% | 1,388,531 | $209.6M | Add +3.4% |
| IWR iShares Russell Mid-Cap ETF | 2.03% | 2,221,111 | $186.8M | Add +9.1% |
| CINF Cincinnati Financial Corp. | 1.80% | 1,334,905 | $165.8M | Add +0.3% |
| MA Mastercard Inc. Class A | 1.60% | 305,253 | $147.0M | Reduce -2.9% |
| DHR Danaher Corp. | 1.52% | 561,826 | $140.3M | Reduce -0.6% |
| UNH Unitedhealth Group Inc. | 1.43% | 266,670 | $131.9M | Add +2.2% |
| WMB Williams Cos Inc. | 1.41% | 3,337,207 | $130.1M | Add +2.1% |
| NDAQ Nasdaq Inc. | 1.40% | 2,047,081 | $129.2M | Add +1.8% |
| COR Cencora Inc. | 1.34% | 506,044 | $123.0M | Reduce -2.6% |
| WM Waste Management Inc. | 1.29% | 558,584 | $119.1M | Reduce -2.0% |
| CVX Chevron Corp. | 1.27% | 741,290 | $116.9M | Add +4.5% |
| ACN Accenture PLC Class A | 1.24% | 328,876 | $114.0M | Reduce -3.3% |
| V Visa Inc. Class A | 1.20% | 394,863 | $110.2M | Reduce -1.3% |
| APH Amphenol Corp. Class A | 1.09% | 866,547 | $100.0M | Reduce -2.3% |
| MRSH Marsh & McLennan Cos | 1.06% | 475,328 | $97.9M | Reduce -1.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.04% | 948,001 | $96.1M | Reduce -1.5% |
| AXS Axis Capital Holdings Ltd. | 1.01% | 1,435,915 | $93.4M | Reduce -4.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.99% | 1,557,611 | $91.4M | Add +2.4% |
| KO The Coca-Cola Co. | 0.99% | 1,492,572 | $91.3M | Add +1.9% |
| AEP American Electric Power | 0.98% | 1,048,461 | $90.3M | Add +7.4% |
| ZTS Zoetis Inc. | 0.98% | 533,384 | $90.3M | Reduce -3.2% |
| USMV iShares MSCI USA Min Vol Fac | 0.95% | 1,051,251 | $87.9M | Reduce -0.1% |
| MCD McDonald's Corp. | 0.95% | 309,770 | $87.3M | Add +3.4% |
| LNT Alliant Energy Corp. | 0.95% | 1,727,175 | $87.0M | New |
| ADI Analog Devices Inc. | 0.94% | 436,423 | $86.3M | Reduce -0.6% |
| WMT Walmart Inc. | 0.94% | 1,430,134 | $86.1M | Reduce -12.4% |
| HON Honeywell International Inc. | 0.90% | 401,475 | $82.4M | Add +1.6% |
| ROP Roper Technologies Inc. | 0.89% | 146,442 | $82.1M | Add +1.6% |
| NDSN Nordson Corp. | 0.85% | 286,177 | $78.6M | Add +0.3% |
| AFG American Financial Group Inc. | 0.85% | 573,785 | $78.3M | Reduce -2.1% |
| SPGI S&P Global Inc. | 0.85% | 183,644 | $78.1M | Reduce -20.4% |
| LOW Lowe's Cos Inc. | 0.84% | 303,408 | $77.3M | Add +0.8% |
| WTW Willis Towers Watson PLC | 0.83% | 278,504 | $76.6M | Reduce -0.5% |
| NVT Nvent Electric PLC | 0.81% | 986,622 | $74.4M | Reduce -9.5% |
| ZBH Zimmer Biomet Holdings Inc. | 0.80% | 560,256 | $73.9M | Add +1.1% |
| QUAL iShares MSCI USA Quality Fac | 0.80% | 448,224 | $73.7M | Add +1.8% |
| ITW Illinois Tool Works | 0.80% | 273,996 | $73.5M | Add +1.3% |
| SCHX Schwab US Large-Cap ETF | 0.80% | 1,183,816 | $73.5M | Add +4.7% |
| PEP Pepsico Inc. | 0.77% | 404,977 | $70.9M | Add +0.9% |
| COST Costco Wholesale Corp. | 0.72% | 90,726 | $66.5M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 0.72% | 365,308 | $65.9M | Add +2.7% |
| ADBE Adobe Inc. | 0.71% | 128,802 | $65.0M | Add +3.2% |
| EG Everest Group Ltd. | 0.69% | 159,510 | $63.4M | Add +43.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.69% | 120,727 | $63.1M | Add +5.1% |
| AMT American Tower Corp. | 0.67% | 313,535 | $62.0M | Add +0.5% |
| CMCSA Comcast Corp. Class A | 0.66% | 1,410,705 | $61.2M | Add +0.5% |
| INTU Intuit Inc. | 0.63% | 89,510 | $58.2M | Reduce -22.7% |
| CSL Carlisle Cos Inc. | 0.63% | 148,133 | $58.0M | Reduce -2.6% |
| VEA Vanguard Ftse Developed ETF | 0.62% | 1,142,287 | $57.3M | Add +4.2% |
| MDT Medtronic PLC | 0.61% | 648,733 | $56.5M | Add +1.2% |
| NOC Northrop Grumman Corp. | 0.59% | 113,707 | $54.4M | Add +6.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.57% | 385,091 | $52.4M | Add +11.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.57% | 53,857 | $52.3M | Add +2.4% |
| IWP iShares Russell Mid-Cap Grow | 0.53% | 427,203 | $48.8M | Reduce -1.6% |
| JPM JPMorgan Chase & Co. | 0.50% | 227,828 | $45.6M | Reduce -14.5% |
| HUBB Hubbell Inc. | 0.49% | 108,790 | $45.2M | Reduce -18.9% |
| GPC Genuine Parts Co. | 0.48% | 286,105 | $44.3M | Add +14.1% |
| IWM iShares Russell 2000 ETF | 0.47% | 204,675 | $43.0M | Add +7.8% |
| HD Home Depot Inc. | 0.47% | 111,961 | $42.9M | Reduce -1.7% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.45% | 266,505 | $41.1M | Add +11.9% |
| GOOG Alphabet Inc. Class C | 0.44% | 267,546 | $40.7M | Reduce -0.3% |
| AXP American Express Co. | 0.44% | 177,018 | $40.3M | Reduce -6.5% |
| HSY The Hershey Co. | 0.43% | 202,886 | $39.5M | Add +1011.6% |
| EFA iShares MSCI Eafe ETF | 0.41% | 473,498 | $37.8M | Reduce -2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 87,662 | $36.9M | Reduce -1.1% |
| IJH iShares Core S&P Midcap ETF | 0.40% | 599,176 | $36.4M | Reduce -0.2% |
| IWF iShares Russell 1000 Growth | 0.36% | 98,590 | $33.2M | Reduce -7.2% |
| IJR iShares Core S&P Small-Cap E | 0.35% | 291,187 | $32.2M | Add +7.1% |
| JNJ Johnson & Johnson | 0.34% | 199,514 | $31.6M | Reduce -0.6% |
| USB US Bancorp | 0.33% | 688,403 | $30.8M | Reduce -4.1% |
| ABBV Abbvie Inc. | 0.30% | 152,158 | $27.7M | New |
| NEE Nextera Energy Inc. | 0.29% | 424,056 | $27.1M | Reduce -2.4% |
| LLY Eli Lilly & Co. | 0.29% | 34,748 | $27.0M | Add +38.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.29% | 59,696 | $26.5M | Add +35.5% |
| ADP Automatic Data Processing | 0.29% | 105,399 | $26.3M | Reduce -0.9% |
| NVDA Nvidia Corp. | 0.28% | 28,165 | $25.4M | Reduce -35.0% |
| TSLA Tesla Inc. | 0.27% | 139,803 | $24.6M | Reduce -1.8% |
| XOM Exxon Mobil Corp. | 0.27% | 210,363 | $24.5M | Add +1.4% |
| IWN iShares Russell 2000 Value E | 0.25% | 143,049 | $22.7M | Add +3.8% |
| MDY State Street SPDR S&P Midcap | 0.22% | 36,934 | $20.6M | Reduce -0.8% |
| CTAS Cintas Corp. | 0.21% | 28,564 | $19.6M | Reduce -0.4% |
| ORCL Oracle Corp. | 0.21% | 152,498 | $19.2M | Reduce -1.2% |
| DOV Dover Corp. | 0.20% | 105,620 | $18.7M | Reduce -2.0% |
| IWV iShares Russell 3000 ETF | 0.20% | 61,899 | $18.6M | Add +0.6% |
| AVGO Broadcom Inc. | 0.20% | 13,681 | $18.1M | Reduce -9.8% |
| LECO Lincoln Electric Holdings | 0.18% | 66,553 | $17.0M | Reduce -1.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.18% | 64,847 | $16.9M | Add +5.2% |
| SCHF Schwab Intl Equity ETF | 0.17% | 409,613 | $16.0M | Add +1.9% |
| VOO Vanguard S&P 500 ETF | 0.16% | 31,562 | $15.2M | Add +30.2% |
| NKE Nike Inc. Class B | 0.16% | 158,898 | $14.9M | Reduce -6.5% |
| SHW The Sherwin-Williams Co. | 0.16% | 42,347 | $14.7M | Reduce -2.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.15% | 74,288 | $14.3M | Add +3.9% |
| SCHA Schwab US Small-Cap ETF | 0.15% | 287,577 | $14.2M | Add +8.9% |
| SCHM Schwab US Mid Cap ETF | 0.15% | 168,037 | $13.7M | Add +5.5% |
| META Meta Platforms Inc. Class A | 0.15% | 28,144 | $13.7M | Add +4.9% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MLECW Moolec Science SA | *W EXP 12/30/202 | 50,000 | $1K | New |
Total filed on the 13F, all lines: $9.2B.
Portfolio Sells Q4 2023 → Q1 2024
| ABT Abbott Laboratories | Sold out | 0.00% | −1.26 |
| AAPL Apple Inc. | Reduce -0.5% | 3.66% | −0.81 |
| SPGI S&P Global Inc. | Reduce -20.4% | 0.85% | −0.35 |
| ZTS Zoetis Inc. | Reduce -3.2% | 0.98% | −0.30 |
| INTU Intuit Inc. | Reduce -22.7% | 0.63% | −0.22 |
| ACN Accenture PLC Class A | Reduce -3.3% | 1.24% | −0.16 |
| TSLA Tesla Inc. | Reduce -1.8% | 0.27% | −0.15 |
| ADI Analog Devices Inc. | Reduce -0.6% | 0.94% | −0.09 |
| WMT Walmart Inc. | Reduce -12.4% | 0.94% | −0.07 |
| NKE Nike Inc. Class B | Reduce -6.5% | 0.16% | −0.05 |
| BA The Boeing Co. | Reduce -3.9% | 0.09% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -14.5% | 0.50% | −0.04 |
| VLTO Veralto Corp. | Reduce -36.1% | 0.06% | −0.04 |
| USB US Bancorp | Reduce -4.1% | 0.33% | −0.03 |
| HUBB Hubbell Inc. | Reduce -18.9% | 0.49% | −0.03 |
| JNJ Johnson & Johnson | Reduce -0.6% | 0.34% | −0.03 |
| V Visa Inc. Class A | Reduce -1.3% | 1.20% | −0.03 |
| PPG PPG Industries Inc. | Reduce -8.0% | 0.11% | −0.02 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.02 |
| FMNB Farmers Natl Banc Corp. | Sold out | 0.00% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -2.5% | 0.41% | −0.02 |
| FICO Fair Isaac Corp. | Reduce -44.7% | 0.02% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -7.2% | 0.36% | −0.02 |
| DG Dollar General Corp. | Reduce -46.3% | 0.02% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -3.4% | 0.13% | −0.02 |
| MTB M & T Bank Corp. | Reduce -48.2% | 0.02% | −0.02 |
| TJX TJX Companies Inc. | Reduce -1.5% | 1.04% | −0.02 |
| UNP Union Pacific Corp. | Reduce -3.2% | 0.13% | −0.02 |
| NEE Nextera Energy Inc. | Reduce -2.4% | 0.29% | −0.02 |
| FIS Fidelity National Info Serv | Reduce -55.0% | 0.01% | −0.01 |
| SMMD iShares Russell 2500 ETF | Reduce -48.4% | 0.01% | −0.01 |
| CPT Camden Property Trust | Reduce -24.6% | 0.03% | −0.01 |
| DIS The Walt Disney Co. | Reduce -31.1% | 0.09% | −0.01 |
| COLD Americold Realty Trust Inc. | Sold out | 0.00% | −0.01 |
| XLE SS Energy Select Sector | Reduce -23.9% | 0.05% | −0.01 |
| AMGN Amgen Inc. | Reduce -4.1% | 0.08% | −0.01 |
| DHR Danaher Corp. | Reduce -0.6% | 1.52% | −0.01 |
| UL Unilever PLC | Reduce -26.0% | 0.03% | −0.01 |
| SBUX Starbucks Corp. | Reduce -1.8% | 0.07% | −0.01 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.1% | 0.95% | −0.01 |
| GFF Griffon Corp. | Reduce -50.0% | 0.01% | −0.01 |
| COKE Coca-Cola Consolidated Inc. | Reduce -15.0% | 0.03% | −0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -16.6% | 0.04% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -0.6% | 0.11% | −0.01 |
| BAC Bank of America Corp. | Reduce -12.3% | 0.10% | −0.01 |
| MMM 3M Co. | Reduce -7.3% | 0.04% | −0.01 |
| UPS United Parcel Service Class B | Reduce -0.3% | 0.06% | −0.01 |
| AB Alliancebernstein Holding LP | Sold out | 0.00% | −0.01 |
| HUM Humana Inc. | Reduce -12.4% | 0.01% | −0.01 |
| ETF MANAGERS TR | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| LNT Alliant Energy Corp. | New | 0.95% | +0.95 |
| HSY The Hershey Co. | Add +1011.6% | 0.43% | +0.39 |
| ABBV Abbvie Inc. | New | 0.30% | +0.30 |
| EG Everest Group Ltd. | Add +43.2% | 0.69% | +0.23 |
| IVV iShares Core S&P 500 ETF | Add +1.2% | 7.35% | +0.22 |
| CINF Cincinnati Financial Corp. | Add +0.3% | 1.80% | +0.18 |
| IWR iShares Russell Mid-Cap ETF | Add +9.1% | 2.03% | +0.17 |
| TSM Taiwan Semiconductor-SP ADR | Add +11.7% | 0.57% | +0.15 |
| IWB iShares Russell 1000 ETF | Add +2.0% | 3.91% | +0.14 |
| MSFT Microsoft Corp. | Add +0.4% | 3.41% | +0.13 |
| LLY Eli Lilly & Co. | Add +38.1% | 0.29% | +0.12 |
| ASML ASML Holding NV-NY Reg SHS | Add +2.4% | 0.57% | +0.10 |
| AMZN Amazon.com Inc. | Add +2.7% | 0.72% | +0.08 |
| WMB Williams Cos Inc. | Add +2.1% | 1.41% | +0.08 |
| QQQ Invesco QQQ Trust Series 1 | Add +35.5% | 0.29% | +0.08 |
| GPC Genuine Parts Co. | Add +14.1% | 0.48% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +3.4% | 2.28% | +0.07 |
| LOW Lowe's Cos Inc. | Add +0.8% | 0.84% | +0.05 |
| AEP American Electric Power | Add +7.4% | 0.98% | +0.05 |
| SCHX Schwab US Large-Cap ETF | Add +4.7% | 0.80% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +5.1% | 0.69% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +30.2% | 0.16% | +0.04 |
| QUAL iShares MSCI USA Quality Fac | Add +1.8% | 0.80% | +0.04 |
| COIN Coinbase Global Inc. Class A | New | 0.04% | +0.04 |
| EL Estee Lauder Companies Class A | Add +11.9% | 0.45% | +0.04 |
| META Meta Platforms Inc. Class A | Add +4.9% | 0.15% | +0.04 |
| SCHG Schwab US Large-Cap Growth | Add +28.8% | 0.12% | +0.03 |
| NDAQ Nasdaq Inc. | Add +1.8% | 1.40% | +0.03 |
| GE General Electric | Add +0.6% | 0.13% | +0.03 |
| CVX Chevron Corp. | Add +4.5% | 1.27% | +0.03 |
| WBS Webster Financial Corp. | New | 0.02% | +0.02 |
| RL Ralph Lauren Corp. | Add +585.7% | 0.03% | +0.02 |
| XOM Exxon Mobil Corp. | Add +1.4% | 0.27% | +0.02 |
| IWM iShares Russell 2000 ETF | Add +7.8% | 0.47% | +0.02 |
| AMD Advanced Micro Devices | New | 0.02% | +0.02 |
| BECN Beacon Roofing Supply Inc. | New | 0.02% | +0.02 |
| KR Kroger Co. | Add +2.5% | 0.11% | +0.02 |
| ISRG Intuitive Surgical Inc. | Add +3.9% | 0.11% | +0.01 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.01% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +5.2% | 0.18% | +0.01 |
| ZBH Zimmer Biomet Holdings Inc. | Add +1.1% | 0.80% | +0.01 |
| EFG iShares MSCI Eafe Growth ETF | Add +15.5% | 0.09% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | New | 0.01% | +0.01 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | New | 0.01% | +0.01 |
| VONG Vanguard Russell 1000 Growth | Add +181.2% | 0.01% | +0.01 |
| EFV iShares MSCI Eafe Value ETF | Add +14.0% | 0.09% | +0.01 |
| FND Floor & Decor Holdings Inc. Class A | Add +42.6% | 0.02% | +0.01 |
| NOW ServiceNow Inc. | Add +14.6% | 0.06% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +12.5% | 0.06% | +0.01 |
| CL Colgate-Palmolive Co. | Add +5.7% | 0.08% | +0.01 |
Notes & Other Activity Q4 2023 → Q1 2024
| MLECW Moolec Science SA | *W EXP 12/30/202 | New | 50,000 | $1K |
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 | 838 | $13.7B | IVV, IWB, AAPL, GOOGL, IWR |
| Q1 2026 | 808 | $12.4B | IVV, IWB, AAPL, GOOGL, PG |
| Q4 2025 | 788 | $12.2B | IVV, IWB, AAPL, MSFT, GOOGL |
| Q3 2025 | 817 | $11.9B | IVV, IWB, AAPL, MSFT, PG |
| Q2 2025 | 806 | $11.1B | IVV, IWB, MSFT, AAPL, PG |
| Q1 2025 | 796 | $10.4B | IVV, AAPL, IWB, PG, MSFT |
| Q4 2024 | 788 | $10.3B | IVV, AAPL, IWB, PG, MSFT |
| Q3 2024 | 807 | $10.2B | IVV, AAPL, IWB, PG, MSFT |
| Q2 2024 | 764 | $9.5B | IVV, AAPL, IWB, PG, MSFT |
| Q1 2024 | 761 | $9.2B | IVV, PG, IWB, AAPL, MSFT |