Johnson Investment Counsel Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Johnson Investment Counsel Inc. reported 788 stock positions worth $10.3 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 7.6% of the portfolio, followed by Apple (AAPL, 4.6%) and iShares Russell 1000 ETF (IWB, 4.2%). Compared with Q3 2024, it opened 50 new positions, sold out of 69, added to 329 and reduced 272. The biggest buy was Amazon.com (AMZN, shares +6%) and the biggest sale Hershey (HSY, shares −74%).
- Most Recent 13F
- Q2 2026
- Location
- Cincinnati, OH
- CIK
- 0000821197
- Portfolio Value
- $10.3B (Q4 2024)
- SEC Filing
- 0001667731-25-000222 ↗ filed Feb 7, 2025
Holdings Value
Holdings 788 stocks · $10.3B
| IVV iShares Core S&P 500 ETF | 7.55% | 1,315,847 | $774.6M | Reduce -0.3% |
| AAPL Apple Inc. | 4.57% | 1,873,164 | $469.1M | Reduce -1.4% |
| IWB iShares Russell 1000 ETF | 4.17% | 1,329,268 | $428.2M | Add +3.0% |
| PG The Procter & Gamble Co. | 3.78% | 2,312,831 | $387.7M | Add +1.3% |
| MSFT Microsoft Corp. | 3.18% | 773,198 | $325.9M | Add +4.5% |
| GOOGL Alphabet Inc. Class A | 2.30% | 1,243,885 | $235.5M | Add +0.3% |
| IWR iShares Russell Mid-Cap ETF | 2.17% | 2,518,732 | $222.7M | Add +3.5% |
| CINF Cincinnati Financial Corp. | 1.87% | 1,332,689 | $191.5M | Add +0.7% |
| AMZN Amazon.com Inc. | 1.80% | 842,884 | $184.9M | Add +6.2% |
| WMB Williams Cos Inc. | 1.70% | 3,213,244 | $173.9M | Reduce -1.9% |
| MA Mastercard Inc. Class A | 1.49% | 290,236 | $152.8M | Reduce -1.6% |
| NDAQ Nasdaq Inc. | 1.46% | 1,934,969 | $149.6M | Reduce -1.2% |
| DHR Danaher Corp. | 1.34% | 597,780 | $137.2M | Add +6.6% |
| ACN Accenture PLC Class A | 1.31% | 381,546 | $134.2M | Add +1.7% |
| UNH Unitedhealth Group Inc. | 1.26% | 255,606 | $129.3M | Reduce -2.5% |
| V Visa Inc. Class A | 1.19% | 387,017 | $122.3M | Reduce -0.1% |
| AXS Axis Capital Holdings Ltd. | 1.13% | 1,312,018 | $116.3M | Reduce -2.6% |
| VEU Vanguard Ftse All-World Ex-U | 1.13% | 2,012,696 | $115.5M | Add +5.7% |
| CVX Chevron Corp. | 1.12% | 792,982 | $114.9M | Add +2.0% |
| ABT Abbott Laboratories | 1.11% | 1,009,560 | $114.2M | Add +1.2% |
| WM Waste Management Inc. | 1.07% | 545,004 | $110.0M | Reduce -0.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.07% | 909,966 | $109.9M | Reduce -0.5% |
| SCHX Schwab US Large-Cap ETF | 1.07% | 4,713,155 | $109.3M | Add +13.0% |
| NVT Nvent Electric PLC | 1.05% | 1,576,002 | $107.4M | Add +2.8% |
| LNT Alliant Energy Corp. | 1.05% | 1,815,769 | $107.4M | Add +0.5% |
| USMV iShares MSCI USA Min Vol Fac | 1.02% | 1,181,625 | $104.9M | Add +6.2% |
| AEP American Electric Power | 1.00% | 1,109,997 | $102.4M | Add +5.0% |
| MRSH Marsh & McLennan Cos | 0.95% | 460,996 | $97.9M | Add +0.1% |
| COR Cencora Inc. | 0.91% | 413,283 | $92.9M | Add +0.9% |
| MCD McDonald's Corp. | 0.90% | 317,356 | $92.0M | Reduce -0.3% |
| KO The Coca-Cola Co. | 0.89% | 1,458,691 | $90.8M | Add +1.4% |
| ADI Analog Devices Inc. | 0.88% | 426,984 | $90.7M | Reduce -0.8% |
| HON Honeywell International Inc. | 0.87% | 395,511 | $89.3M | Add +0.6% |
| WTW Willis Towers Watson PLC | 0.86% | 282,330 | $88.4M | Add +1.0% |
| QUAL iShares MSCI USA Quality Fac | 0.83% | 477,473 | $85.0M | Add +3.5% |
| ZTS Zoetis Inc. | 0.82% | 518,289 | $84.4M | Reduce -0.8% |
| APH Amphenol Corp. Class A | 0.81% | 1,201,099 | $83.4M | Reduce -3.3% |
| ROP Roper Technologies Inc. | 0.78% | 154,311 | $80.2M | Add +1.4% |
| COST Costco Wholesale Corp. | 0.77% | 85,650 | $78.5M | Reduce -2.9% |
| AFG American Financial Group Inc. | 0.76% | 570,342 | $78.1M | Add +0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.76% | 132,809 | $77.8M | Add +5.2% |
| PEP Pepsico Inc. | 0.73% | 494,956 | $75.3M | Add +23.1% |
| WMT Walmart Inc. | 0.71% | 807,690 | $73.0M | Reduce -6.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.71% | 367,875 | $72.7M | Add +0.5% |
| LOW Lowe's Cos Inc. | 0.71% | 294,016 | $72.6M | Reduce -0.6% |
| ITW Illinois Tool Works | 0.71% | 285,950 | $72.5M | Add +1.1% |
| EG Everest Group Ltd. | 0.66% | 186,327 | $67.5M | Add +5.1% |
| VEA Vanguard Ftse Developed ETF | 0.65% | 1,391,563 | $66.5M | Add +12.3% |
| ADBE Adobe Inc. | 0.63% | 145,126 | $64.5M | Add +2.4% |
| NDSN Nordson Corp. | 0.63% | 307,566 | $64.4M | Add +0.1% |
| SYK Stryker Corp. | 0.62% | 176,956 | $63.7M | Add +6.5% |
| SPGI S&P Global Inc. | 0.62% | 127,161 | $63.3M | Reduce -17.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.56% | 82,646 | $57.3M | Add +26.3% |
| TSLA Tesla Inc. | 0.54% | 138,102 | $55.8M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 0.54% | 231,772 | $55.6M | Reduce -0.5% |
| IWP iShares Russell Mid-Cap Grow | 0.53% | 426,150 | $54.0M | Reduce -0.3% |
| FHN First Horizon Corp. | 0.52% | 2,661,592 | $53.6M | Add +2.8% |
| IEX Idex Corp. | 0.52% | 254,842 | $53.3M | Add +178.3% |
| NOC Northrop Grumman Corp. | 0.51% | 111,579 | $52.4M | Add +5.5% |
| CSL Carlisle Cos Inc. | 0.50% | 139,015 | $51.3M | Reduce -1.5% |
| INTU Intuit Inc. | 0.50% | 80,943 | $50.9M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 0.48% | 259,188 | $49.4M | Reduce -0.6% |
| AXP American Express Co. | 0.48% | 164,605 | $48.9M | Reduce -2.4% |
| IWM iShares Russell 2000 ETF | 0.47% | 219,224 | $48.4M | Add +5.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.47% | 94,348 | $48.2M | Add +9.4% |
| MDT Medtronic PLC | 0.45% | 583,898 | $46.6M | Reduce -5.4% |
| NVDA Nvidia Corp. | 0.43% | 325,821 | $43.8M | Reduce -3.2% |
| HD Home Depot Inc. | 0.41% | 108,642 | $42.3M | Reduce -0.0% |
| HUBB Hubbell Inc. | 0.39% | 94,607 | $39.6M | Reduce -2.3% |
| IWF iShares Russell 1000 Growth | 0.39% | 98,438 | $39.5M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.38% | 86,872 | $39.4M | Add +0.8% |
| IJH iShares Core S&P Midcap ETF | 0.37% | 611,745 | $38.1M | Add +0.8% |
| IJR iShares Core S&P Small-Cap E | 0.37% | 329,176 | $37.9M | Add +5.6% |
| EFA iShares MSCI Eafe ETF | 0.35% | 481,393 | $36.4M | Add +1.5% |
| USB US Bancorp | 0.33% | 703,401 | $33.6M | Add +10.6% |
| AVGO Broadcom Inc. | 0.32% | 140,100 | $32.5M | Add +2.4% |
| GPC Genuine Parts Co. | 0.29% | 251,881 | $29.4M | Reduce -12.6% |
| JNJ Johnson & Johnson | 0.27% | 194,753 | $28.2M | Add +0.1% |
| ADP Automatic Data Processing | 0.27% | 96,134 | $28.1M | Reduce -1.0% |
| ABBV Abbvie Inc. | 0.27% | 156,468 | $27.8M | New |
| NEE Nextera Energy Inc. | 0.26% | 375,382 | $26.9M | Add +0.6% |
| LLY Eli Lilly & Co. | 0.26% | 34,597 | $26.7M | Add +1.9% |
| SCHG Schwab US Large-Cap Growth | 0.25% | 933,150 | $26.0M | Add +34.1% |
| CTAS Cintas Corp. | 0.25% | 142,300 | $26.0M | Add +6.0% |
| VOO Vanguard S&P 500 ETF | 0.24% | 46,317 | $25.0M | Add +7.6% |
| IWN iShares Russell 2000 Value E | 0.23% | 144,181 | $23.7M | Add +0.8% |
| XOM Exxon Mobil Corp. | 0.23% | 218,484 | $23.5M | Reduce -1.6% |
| ORCL Oracle Corp. | 0.23% | 139,264 | $23.2M | Reduce -0.0% |
| IWV iShares Russell 3000 ETF | 0.20% | 62,680 | $21.0M | Add +0.3% |
| MDY State Street SPDR S&P Midcap | 0.20% | 36,283 | $20.7M | Add +1.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.19% | 67,563 | $19.6M | Reduce -3.8% |
| DOV Dover Corp. | 0.18% | 99,846 | $18.7M | Reduce -1.3% |
| SCHF Schwab Intl Equity ETF | 0.18% | 975,074 | $18.0M | Add +2.5% |
| MSI Motorola Solutions Inc. | 0.17% | 38,332 | $17.7M | Add +0.4% |
| PNC PNC Financial Services Group | 0.17% | 88,695 | $17.1M | Add +6.3% |
| VGT Vanguard Info Tech ETF | 0.16% | 27,024 | $16.8M | Add +3.4% |
| META Meta Platforms Inc. Class A | 0.16% | 28,244 | $16.5M | Add +2.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.16% | 81,638 | $16.2M | Add +3.0% |
| SCHA Schwab US Small-Cap ETF | 0.15% | 615,010 | $15.9M | Add +1.1% |
| SCHM Schwab US Mid Cap ETF | 0.15% | 563,106 | $15.6M | Add +2.1% |
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 | No change |
Total filed on the 13F, all lines: $10.3B.
Portfolio Sells Q3 2024 → Q4 2024
| HSY The Hershey Co. | Reduce -73.8% | 0.11% | −0.38 |
| EL Estee Lauder Companies Class A | Reduce -97.2% | 0.01% | −0.34 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -69.8% | 0.12% | −0.29 |
| UNH Unitedhealth Group Inc. | Reduce -2.5% | 1.26% | −0.25 |
| ZTS Zoetis Inc. | Reduce -0.8% | 0.82% | −0.18 |
| SPGI S&P Global Inc. | Reduce -17.6% | 0.62% | −0.17 |
| CSL Carlisle Cos Inc. | Reduce -1.5% | 0.50% | −0.12 |
| GPC Genuine Parts Co. | Reduce -12.6% | 0.29% | −0.11 |
| MDT Medtronic PLC | Reduce -5.4% | 0.45% | −0.09 |
| ADI Analog Devices Inc. | Reduce -0.8% | 0.88% | −0.09 |
| CMCSA Comcast Corp. Class A | Reduce -37.1% | 0.11% | −0.09 |
| LOW Lowe's Cos Inc. | Reduce -0.6% | 0.71% | −0.08 |
| MCD McDonald's Corp. | Reduce -0.3% | 0.90% | −0.06 |
| AMT American Tower Corp. | Reduce -31.8% | 0.06% | −0.06 |
| WM Waste Management Inc. | Reduce -0.3% | 1.07% | −0.04 |
| GNRC Generac Holdings Inc. | Sold out | 0.00% | −0.04 |
| LDOS Leidos Holdings Inc. | Reduce -79.8% | 0.01% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -1.6% | 0.23% | −0.03 |
| LMT Lockheed Martin Corp. | Reduce -1.7% | 0.10% | −0.02 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −0.02 |
| HUBB Hubbell Inc. | Reduce -2.3% | 0.39% | −0.02 |
| HD Home Depot Inc. | Reduce -0.0% | 0.41% | −0.02 |
| SHW The Sherwin-Williams Co. | Reduce -1.0% | 0.13% | −0.02 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.02 |
| AMGN Amgen Inc. | Reduce -0.8% | 0.06% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -1.3% | 0.10% | −0.02 |
| CACI Caci International Inc. Class A | Reduce -41.8% | 0.01% | −0.02 |
| PPG PPG Industries Inc. | Reduce -10.8% | 0.06% | −0.02 |
| NNN NNN REIT Inc. | Reduce -23.4% | 0.03% | −0.01 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -68.2% | 0.01% | −0.01 |
| SILV Silvercrest Metals Inc. | Sold out | 0.00% | −0.01 |
| TYL Tyler Technologies Inc. | Reduce -12.6% | 0.08% | −0.01 |
| XIFR XPLR Infrastructure LP | Sold out | 0.00% | −0.01 |
| CL Colgate-Palmolive Co. | Reduce -3.2% | 0.06% | −0.01 |
| UNP Union Pacific Corp. | Reduce -2.4% | 0.10% | −0.01 |
| DHI D.R. Horton Inc. | Reduce -1.2% | 0.03% | −0.01 |
| VLTO Veralto Corp. | Reduce -10.9% | 0.04% | −0.01 |
| ELV Elevance Health Inc. | Reduce -6.5% | 0.02% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.8% | 0.05% | −0.01 |
| HWKN Hawkins Inc. | Reduce -21.7% | 0.03% | −0.01 |
| AOS Smith (a.o.) Corp. | Reduce -0.3% | 0.03% | −0.01 |
| CVS CVS Health Corp. | Reduce -25.2% | 0.01% | −0.01 |
| INTC Intel Corp. | Reduce -16.4% | 0.02% | −0.01 |
| WTFC Wintrust Financial Corp. | Reduce -33.1% | 0.03% | −0.01 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.01 |
| PFE Pfizer Inc. | Reduce -16.3% | 0.03% | −0.01 |
| NUE Nucor Corp. | Reduce -33.4% | 0.01% | −0.01 |
| OPCH Option Care Health Inc. | Reduce -6.0% | 0.02% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -2.0% | 0.03% | −0.01 |
| DOV Dover Corp. | Reduce -1.3% | 0.18% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| AMZN Amazon.com Inc. | Add +6.2% | 1.80% | +0.35 |
| IEX Idex Corp. | Add +178.3% | 0.52% | +0.33 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 2.30% | +0.27 |
| ABBV Abbvie Inc. | New | 0.27% | +0.27 |
| IWB iShares Russell 1000 ETF | Add +3.0% | 4.17% | +0.18 |
| SCHX Schwab US Large-Cap ETF | Add +13.0% | 1.07% | +0.14 |
| FHN First Horizon Corp. | Add +2.8% | 0.52% | +0.13 |
| CINF Cincinnati Financial Corp. | Add +0.7% | 1.87% | +0.09 |
| AVGO Broadcom Inc. | Add +2.4% | 0.32% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.5% | 0.71% | +0.08 |
| SCHG Schwab US Large-Cap Growth | Add +34.1% | 0.25% | +0.08 |
| HON Honeywell International Inc. | Add +0.6% | 0.87% | +0.07 |
| PEP Pepsico Inc. | Add +23.1% | 0.73% | +0.06 |
| IWR iShares Russell Mid-Cap ETF | Add +3.5% | 2.17% | +0.06 |
| QQQ Invesco QQQ Trust Series 1 | Add +9.4% | 0.47% | +0.06 |
| WTW Willis Towers Watson PLC | Add +1.0% | 0.86% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +5.2% | 0.76% | +0.05 |
| MSFT Microsoft Corp. | Add +4.5% | 3.18% | +0.04 |
| USB US Bancorp | Add +10.6% | 0.33% | +0.04 |
| SYK Stryker Corp. | Add +6.5% | 0.62% | +0.03 |
| IBIT iShares Bitcoin Trust ETF | Add +257.3% | 0.03% | +0.03 |
| T AT&T Inc. | New | 0.03% | +0.03 |
| AMLP Alerian MLP ETF | New | 0.03% | +0.03 |
| QGEN Qiagen NV | New | 0.03% | +0.03 |
| USMV iShares MSCI USA Min Vol Fac | Add +6.2% | 1.02% | +0.02 |
| ESAB Esab Corp. | New | 0.02% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | Add +26.3% | 0.56% | +0.02 |
| IWM iShares Russell 2000 ETF | Add +5.6% | 0.47% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +7.6% | 0.24% | +0.02 |
| COLD Americold Realty Trust Inc. | New | 0.02% | +0.02 |
| FN Fabrinet | New | 0.02% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +13.2% | 0.11% | +0.02 |
| GEV GE Vernova Inc. | Add +7.2% | 0.06% | +0.02 |
| PNC PNC Financial Services Group | Add +6.3% | 0.17% | +0.01 |
| QUAL iShares MSCI USA Quality Fac | Add +3.5% | 0.83% | +0.01 |
| JEPI JPMorgan Equity Premium Inco | New | 0.01% | +0.01 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.01% | +0.01 |
| BAC Bank of America Corp. | Add +5.1% | 0.10% | +0.01 |
| IGV iShares Expanded Tech-Softwa | New | 0.01% | +0.01 |
| NOW ServiceNow Inc. | Add +1.8% | 0.08% | +0.01 |
| VDC Vanguard Consumer Staple ETF | Add +40.5% | 0.05% | +0.01 |
| VGT Vanguard Info Tech ETF | Add +3.4% | 0.16% | +0.01 |
| VONG Vanguard Russell 1000 Growth | Add +44.5% | 0.04% | +0.01 |
| BLD Topbuild Corp. | New | 0.01% | +0.01 |
| GDX Vaneck Gold Miners ETF | Add +66.2% | 0.04% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +5.6% | 0.37% | +0.01 |
| IYW iShares Ustechnology ETF | Add +10.4% | 0.08% | +0.01 |
| VTWV Vanguard Russell 2000 Value | New | 0.01% | +0.01 |
| MSTR Strategy Inc. | New | 0.01% | +0.01 |
| EQIX Equinix Inc. | Add +45.3% | 0.03% | +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 |