Johnson Investment Counsel Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 4, 2024), Johnson Investment Counsel Inc. reported 807 stock positions worth $10.2 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 7.5% of the portfolio, followed by Apple (AAPL, 4.4%) and iShares Russell 1000 ETF (IWB, 4.0%). Compared with Q2 2024, it opened 65 new positions, sold out of 23, added to 346 and reduced 261. The biggest buy was First Horizon (FHN, shares +6072%) and the biggest sale American Tower (AMT, shares −82%).
- Most Recent 13F
- Q2 2026
- Location
- Cincinnati, OH
- CIK
- 0000821197
- Portfolio Value
- $10.2B (Q3 2024)
- SEC Filing
- 0001104659-24-113798 ↗ filed Nov 4, 2024
Holdings Value
Holdings 807 stocks · $10.2B
| IVV iShares Core S&P 500 ETF | 7.49% | 1,319,922 | $761.4M | Reduce -0.1% |
| AAPL Apple Inc. | 4.36% | 1,900,164 | $442.7M | Reduce -2.0% |
| IWB iShares Russell 1000 ETF | 3.99% | 1,290,064 | $405.6M | Add +0.9% |
| PG The Procter & Gamble Co. | 3.89% | 2,283,779 | $395.6M | Add +1.5% |
| MSFT Microsoft Corp. | 3.13% | 739,870 | $318.4M | Reduce -0.9% |
| IWR iShares Russell Mid-Cap ETF | 2.11% | 2,432,586 | $214.4M | Add +3.1% |
| GOOGL Alphabet Inc. Class A | 2.02% | 1,240,140 | $205.7M | Reduce -1.0% |
| CINF Cincinnati Financial Corp. | 1.77% | 1,323,953 | $180.2M | Reduce -0.4% |
| DHR Danaher Corp. | 1.53% | 560,965 | $156.0M | Add +0.2% |
| UNH Unitedhealth Group Inc. | 1.51% | 262,059 | $153.2M | Reduce -2.2% |
| WMB Williams Cos Inc. | 1.47% | 3,274,316 | $149.5M | Reduce -1.7% |
| AMZN Amazon.com Inc. | 1.46% | 793,838 | $147.9M | Add +34.0% |
| MA Mastercard Inc. Class A | 1.43% | 294,843 | $145.6M | Reduce -2.3% |
| NDAQ Nasdaq Inc. | 1.41% | 1,958,289 | $143.0M | Reduce -4.2% |
| ACN Accenture PLC Class A | 1.31% | 375,290 | $132.7M | Add +13.0% |
| VEU Vanguard Ftse All-World Ex-U | 1.18% | 1,903,732 | $119.9M | Add +18.4% |
| CVX Chevron Corp. | 1.13% | 777,475 | $114.5M | Add +3.8% |
| ABT Abbott Laboratories | 1.12% | 997,208 | $113.7M | Reduce -0.2% |
| WM Waste Management Inc. | 1.12% | 546,587 | $113.5M | Reduce -0.9% |
| LNT Alliant Energy Corp. | 1.08% | 1,806,488 | $109.6M | Add +2.8% |
| AEP American Electric Power | 1.07% | 1,057,084 | $108.5M | Add +0.3% |
| NVT Nvent Electric PLC | 1.06% | 1,533,059 | $107.7M | Add +60.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.06% | 914,767 | $107.5M | Reduce -2.9% |
| AXS Axis Capital Holdings Ltd. | 1.05% | 1,346,443 | $107.2M | Reduce -4.7% |
| V Visa Inc. Class A | 1.05% | 387,562 | $106.6M | Reduce -0.8% |
| KO The Coca-Cola Co. | 1.02% | 1,438,660 | $103.4M | Reduce -3.0% |
| MRSH Marsh & McLennan Cos | 1.01% | 460,455 | $102.7M | Reduce -2.4% |
| ZTS Zoetis Inc. | 1.00% | 522,426 | $102.1M | Reduce -1.4% |
| USMV iShares MSCI USA Min Vol Fac | 1.00% | 1,112,249 | $101.6M | Add +6.5% |
| ADI Analog Devices Inc. | 0.97% | 430,423 | $99.1M | Reduce -0.4% |
| MCD McDonald's Corp. | 0.95% | 318,260 | $96.9M | Add +0.5% |
| SCHX Schwab US Large-Cap ETF | 0.93% | 1,390,201 | $94.3M | Add +5.1% |
| COR Cencora Inc. | 0.91% | 409,487 | $92.2M | Reduce -18.2% |
| ROP Roper Technologies Inc. | 0.83% | 152,149 | $84.7M | Add +1.3% |
| QUAL iShares MSCI USA Quality Fac | 0.81% | 461,433 | $82.7M | Add +1.6% |
| WTW Willis Towers Watson PLC | 0.81% | 279,514 | $82.3M | Add +1.0% |
| HON Honeywell International Inc. | 0.80% | 393,344 | $81.3M | Reduce -1.6% |
| APH Amphenol Corp. Class A | 0.80% | 1,241,845 | $80.9M | Reduce -6.5% |
| NDSN Nordson Corp. | 0.79% | 307,311 | $80.7M | Reduce -0.1% |
| LOW Lowe's Cos Inc. | 0.79% | 295,770 | $80.1M | Reduce -2.4% |
| SPGI S&P Global Inc. | 0.78% | 154,245 | $79.7M | Reduce -13.0% |
| COST Costco Wholesale Corp. | 0.77% | 88,233 | $78.2M | Reduce -1.1% |
| AFG American Financial Group Inc. | 0.75% | 568,662 | $76.5M | Reduce -1.3% |
| ITW Illinois Tool Works | 0.73% | 282,889 | $74.1M | Add +1.2% |
| ADBE Adobe Inc. | 0.72% | 141,695 | $73.4M | Reduce -1.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.71% | 126,237 | $72.4M | Add +2.9% |
| WMT Walmart Inc. | 0.68% | 860,918 | $69.5M | Reduce -33.6% |
| EG Everest Group Ltd. | 0.68% | 177,343 | $69.5M | Add +4.8% |
| PEP Pepsico Inc. | 0.67% | 401,975 | $68.4M | Reduce -0.6% |
| VEA Vanguard Ftse Developed ETF | 0.64% | 1,239,008 | $65.4M | Add +3.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.63% | 366,019 | $63.6M | Reduce -6.1% |
| CSL Carlisle Cos Inc. | 0.62% | 141,148 | $63.5M | Reduce -3.5% |
| SYK Stryker Corp. | 0.59% | 166,100 | $60.0M | Add +45.3% |
| NOC Northrop Grumman Corp. | 0.55% | 105,808 | $55.9M | Reduce -1.4% |
| MDT Medtronic PLC | 0.55% | 617,135 | $55.6M | Reduce -3.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.54% | 65,459 | $54.5M | Add +26.2% |
| HSY The Hershey Co. | 0.50% | 263,133 | $50.5M | Add +2.8% |
| INTU Intuit Inc. | 0.49% | 80,754 | $50.1M | Reduce -5.0% |
| IWP iShares Russell Mid-Cap Grow | 0.49% | 427,209 | $50.1M | Add +2.9% |
| JPM JPMorgan Chase & Co. | 0.48% | 232,838 | $49.1M | Add +2.7% |
| IWM iShares Russell 2000 ETF | 0.45% | 207,521 | $45.8M | Reduce -0.7% |
| AXP American Express Co. | 0.45% | 168,563 | $45.7M | Reduce -4.1% |
| HD Home Depot Inc. | 0.43% | 108,688 | $44.0M | Reduce -2.4% |
| GOOG Alphabet Inc. Class C | 0.43% | 260,612 | $43.6M | Add +0.2% |
| ZBH Zimmer Biomet Holdings Inc. | 0.41% | 390,371 | $42.1M | Reduce -30.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.41% | 86,250 | $42.1M | Add +16.8% |
| HUBB Hubbell Inc. | 0.41% | 96,799 | $41.5M | Reduce -6.4% |
| NVDA Nvidia Corp. | 0.40% | 336,610 | $40.9M | Add +2.8% |
| GPC Genuine Parts Co. | 0.40% | 288,025 | $40.2M | Add +0.5% |
| FHN First Horizon Corp. | 0.40% | 2,589,253 | $40.2M | Add +6071.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.39% | 86,197 | $39.7M | Reduce -0.9% |
| EFA iShares MSCI Eafe ETF | 0.39% | 474,090 | $39.6M | Reduce -0.7% |
| IJH iShares Core S&P Midcap ETF | 0.37% | 606,959 | $37.8M | Add +0.1% |
| IWF iShares Russell 1000 Growth | 0.37% | 98,912 | $37.1M | Reduce -2.7% |
| TSLA Tesla Inc. | 0.36% | 140,011 | $36.6M | Add +0.0% |
| IJR iShares Core S&P Small-Cap E | 0.36% | 311,779 | $36.5M | Add +1.6% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.34% | 351,617 | $35.1M | Add +25.5% |
| NEE Nextera Energy Inc. | 0.31% | 373,336 | $31.6M | Reduce -11.2% |
| JNJ Johnson & Johnson | 0.31% | 194,519 | $31.5M | Reduce -0.8% |
| LLY Eli Lilly & Co. | 0.30% | 33,969 | $30.1M | Add +0.4% |
| USB US Bancorp | 0.29% | 635,907 | $29.1M | Reduce -3.8% |
| CTAS Cintas Corp. | 0.27% | 134,311 | $27.7M | Add +17.8% |
| ADP Automatic Data Processing | 0.26% | 97,088 | $26.9M | Reduce -7.2% |
| XOM Exxon Mobil Corp. | 0.26% | 221,994 | $26.0M | Add +4.5% |
| IWN iShares Russell 2000 Value E | 0.23% | 143,019 | $23.9M | Reduce -2.3% |
| ORCL Oracle Corp. | 0.23% | 139,299 | $23.7M | Reduce -6.3% |
| AVGO Broadcom Inc. | 0.23% | 136,783 | $23.6M | Add +0.5% |
| VOO Vanguard S&P 500 ETF | 0.22% | 43,035 | $22.7M | Add +33.0% |
| IWV iShares Russell 3000 ETF | 0.20% | 62,463 | $20.4M | Add +0.7% |
| MDY State Street SPDR S&P Midcap | 0.20% | 35,762 | $20.4M | Reduce -2.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.20% | 70,251 | $19.9M | Add +5.3% |
| CMCSA Comcast Corp. Class A | 0.19% | 471,130 | $19.7M | Reduce -64.3% |
| IEX Idex Corp. | 0.19% | 91,559 | $19.6M | Add +784.5% |
| SCHF Schwab Intl Equity ETF | 0.19% | 475,626 | $19.6M | Add +3.0% |
| DOV Dover Corp. | 0.19% | 101,181 | $19.4M | Reduce -0.9% |
| SCHG Schwab US Large-Cap Growth | 0.18% | 173,941 | $18.1M | Add +11.5% |
| MSI Motorola Solutions Inc. | 0.17% | 38,187 | $17.2M | Add +0.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.16% | 79,289 | $15.9M | Add +2.1% |
| META Meta Platforms Inc. Class A | 0.16% | 27,595 | $15.8M | Add +4.1% |
| SCHA Schwab US Small-Cap ETF | 0.15% | 304,127 | $15.7M | Add +2.8% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $2K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MLECW Moolec Science SA | *W EXP 12/30/202 | 50,000 | $2K | No change |
Total filed on the 13F, all lines: $10.2B.
Portfolio Sells Q2 2024 → Q3 2024
| AMT American Tower Corp. | Reduce -82.2% | 0.12% | −0.48 |
| MSFT Microsoft Corp. | Reduce -0.9% | 3.13% | −0.38 |
| GOOGL Alphabet Inc. Class A | Reduce -1.0% | 2.02% | −0.38 |
| CMCSA Comcast Corp. Class A | Reduce -64.3% | 0.19% | −0.35 |
| COR Cencora Inc. | Reduce -18.2% | 0.91% | −0.28 |
| WMT Walmart Inc. | Reduce -33.6% | 0.68% | −0.24 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -30.0% | 0.41% | −0.22 |
| APH Amphenol Corp. Class A | Reduce -6.5% | 0.80% | −0.15 |
| IVV iShares Core S&P 500 ETF | Reduce -0.1% | 7.49% | −0.13 |
| WM Waste Management Inc. | Reduce -0.9% | 1.12% | −0.12 |
| ADBE Adobe Inc. | Reduce -1.8% | 0.72% | −0.12 |
| HON Honeywell International Inc. | Reduce -1.6% | 0.80% | −0.10 |
| INTU Intuit Inc. | Reduce -5.0% | 0.49% | −0.10 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -6.1% | 0.63% | −0.09 |
| ADI Analog Devices Inc. | Reduce -0.4% | 0.97% | −0.06 |
| LECO Lincoln Electric Holdings | Sold out | 0.00% | −0.06 |
| SPGI S&P Global Inc. | Reduce -13.0% | 0.78% | −0.05 |
| MRSH Marsh & McLennan Cos | Reduce -2.4% | 1.01% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -24.1% | 0.05% | −0.03 |
| TJX TJX Companies Inc. | Reduce -2.9% | 1.06% | −0.03 |
| V Visa Inc. Class A | Reduce -0.8% | 1.05% | −0.03 |
| UPS United Parcel Service Class B | Reduce -56.1% | 0.02% | −0.03 |
| PEP Pepsico Inc. | Reduce -0.6% | 0.67% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -1.1% | 0.77% | −0.03 |
| IWF iShares Russell 1000 Growth | Reduce -2.7% | 0.37% | −0.03 |
| POOL Pool Corp. | Reduce -36.6% | 0.06% | −0.02 |
| BA The Boeing Co. | Reduce -5.4% | 0.06% | −0.02 |
| SON Sonoco Products Co. | Sold out | 0.00% | −0.02 |
| WMB Williams Cos Inc. | Reduce -1.7% | 1.47% | −0.02 |
| OPPJ Wisdomtree Japan Opportuniti | Sold out | 0.00% | −0.02 |
| NVR NVR Inc. | Reduce -81.4% | 0.00% | −0.02 |
| NKE Nike Inc. Class B | Reduce -21.6% | 0.10% | −0.02 |
| PCAR Paccar Inc. | Reduce -8.2% | 0.07% | −0.02 |
| CHCT Community Healthcare Trust I | Reduce -75.8% | 0.00% | −0.01 |
| EEMS iShares MSCI Emerging MKT SM | Sold out | 0.00% | −0.01 |
| EMR Emerson Electric Co. | Reduce -4.4% | 0.10% | −0.01 |
| RS Reliance Inc. | Reduce -24.4% | 0.03% | −0.01 |
| SITE Siteone Landscape Supply Inc. | Sold out | 0.00% | −0.01 |
| GILD Gilead Sciences Inc. | Reduce -54.9% | 0.01% | −0.01 |
| DG Dollar General Corp. | Reduce -47.2% | 0.01% | −0.01 |
| ELV Elevance Health Inc. | Reduce -18.6% | 0.03% | −0.01 |
| CVS CVS Health Corp. | Reduce -34.6% | 0.02% | −0.01 |
| UNP Union Pacific Corp. | Reduce -9.4% | 0.11% | −0.01 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -14.6% | 0.02% | −0.01 |
| LRCX Lam Research Corp. | Reduce -7.9% | 0.02% | −0.01 |
| AMAT Applied Materials Inc. | Reduce -1.9% | 0.03% | −0.01 |
| LHX L3HARRIS Technologies Inc. | Reduce -72.4% | 0.00% | −0.01 |
| IWO iShares Russell 2000 Growth | Reduce -10.1% | 0.08% | −0.01 |
| PPG PPG Industries Inc. | Reduce -7.3% | 0.08% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| FHN First Horizon Corp. | Add +6071.5% | 0.40% | +0.39 |
| NVT Nvent Electric PLC | Add +60.0% | 1.06% | +0.29 |
| AMZN Amazon.com Inc. | Add +34.0% | 1.46% | +0.25 |
| ACN Accenture PLC Class A | Add +13.0% | 1.31% | +0.24 |
| VEU Vanguard Ftse All-World Ex-U | Add +18.4% | 1.18% | +0.19 |
| SYK Stryker Corp. | Add +45.3% | 0.59% | +0.18 |
| IEX Idex Corp. | Add +784.5% | 0.19% | +0.17 |
| LNT Alliant Energy Corp. | Add +2.8% | 1.08% | +0.14 |
| MCD McDonald's Corp. | Add +0.5% | 0.95% | +0.10 |
| IWR iShares Russell Mid-Cap ETF | Add +3.1% | 2.11% | +0.10 |
| AEP American Electric Power | Add +0.3% | 1.07% | +0.09 |
| USMV iShares MSCI USA Min Vol Fac | Add +6.5% | 1.00% | +0.08 |
| TSLA Tesla Inc. | Add +0.0% | 0.36% | +0.07 |
| CTAS Cintas Corp. | Add +17.8% | 0.27% | +0.06 |
| DHR Danaher Corp. | Add +0.2% | 1.53% | +0.06 |
| VOO Vanguard S&P 500 ETF | Add +33.0% | 0.22% | +0.05 |
| WTW Willis Towers Watson PLC | Add +1.0% | 0.81% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Add +16.8% | 0.41% | +0.04 |
| SCHX Schwab US Large-Cap ETF | Add +5.1% | 0.93% | +0.03 |
| ITW Illinois Tool Works | Add +1.2% | 0.73% | +0.03 |
| PNC PNC Financial Services Group | Add +13.6% | 0.15% | +0.03 |
| EL Estee Lauder Companies Class A | Add +25.5% | 0.34% | +0.03 |
| PGR Progressive Corp. | Add +47.7% | 0.08% | +0.03 |
| MCO Moody's Corp. | Add +452.5% | 0.03% | +0.03 |
| ALSN Allison Transmission Holding | New | 0.03% | +0.03 |
| IBM Intl Business Machines Corp. | Add +17.9% | 0.09% | +0.02 |
| SNX TD Synnex Corp. | New | 0.02% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +3.9% | 0.64% | +0.02 |
| UMBF Umb Financial Corp. | New | 0.02% | +0.02 |
| SKX Skechers USA Inc. Class A | Add +1015.8% | 0.02% | +0.02 |
| GE General Electric | Add +5.0% | 0.13% | +0.02 |
| IWS iShares Russell Mid-Cap Valu | Add +14.9% | 0.13% | +0.02 |
| META Meta Platforms Inc. Class A | Add +4.1% | 0.16% | +0.01 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +159.2% | 0.02% | +0.01 |
| MMM 3M Co. | Add +10.6% | 0.05% | +0.01 |
| MSI Motorola Solutions Inc. | Add +0.3% | 0.17% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +1.6% | 0.36% | +0.01 |
| GEV GE Vernova Inc. | Add +4.5% | 0.04% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +22.6% | 0.09% | +0.01 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +242.4% | 0.02% | +0.01 |
| SCHG Schwab US Large-Cap Growth | Add +11.5% | 0.18% | +0.01 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.01% | +0.01 |
| JKHY Jack Henry & Associates Inc. | Add +64.2% | 0.03% | +0.01 |
| IWP iShares Russell Mid-Cap Grow | Add +2.9% | 0.49% | +0.01 |
| TXN Texas Instruments Inc. | Add +28.4% | 0.05% | +0.01 |
| AB Alliancebernstein Holding LP | New | 0.01% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.9% | 0.71% | +0.01 |
| HES Hess Corp. | Add +48.8% | 0.04% | +0.01 |
| FITB Fifth Third Bancorp | Add +7.1% | 0.06% | +0.01 |
| BNY Bank of New York Mellon Corp. | Add +43.1% | 0.02% | +0.01 |
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 |