CS
Clifford Swan Investment Counsel LLC — 13F Filing & Top Stock Positions (Q2 2026)
Clifford Swan Investment Counsel LLCCIK: 0001034642
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$3.1B
Reporting period: 2026-06-30 · Number of holdings: 408
CLIFFORD SWAN INVESTMENT COUNSEL LLC disclosed 408 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $3.1B and a quarterly turnover rate of 16.9%.
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Personality snowflake
- Concentration
- 6.41
- Portfolio Stability
- 16.87
- Momentum
- 100
- Sector conviction
- 46.55
- Diversification
- 100
- Sizing Uniformity
- 79.08
Clifford Swan Investment Counsel LLC's disclosed holdings carry a Herfindahl concentration index of 0.016 — mathematically equivalent to about 62 equally-sized positions, well below its 408 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.09), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd INTC
-11.9% $31.5M
Trim CVX
-2.1% -$13.9M
Add GOOGL
-2.7% $23.5M
Add ANET
-4.8% $20.1M
Trim COST
-2.4% -$8.2M
Trim XOM
-1.1% -$10.0M
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 408 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 5.93% | +0.25% | -2.89% | |
| 2 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 4.35% | +0.54% | -2.69% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 3.58% | -0.20% | -0.47% | |
| 4 | UPS | United Parcel Service-cl B | Stock-Industrials | 3.27% | +0.03% | -1.98% | |
| 5 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 2.86% | -0.46% | -2.39% | |
| 6 | ANET | Arista Networks Inc | Stock-Tech | 2.67% | +0.52% | -4.78% | |
| 7 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 2.59% | -0.09% | -1.88% | |
| 8 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.83% | +0.05% | -2.07% | |
| 9 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.69% | -0.07% | -1.72% | |
| 10 | CVX | Chevron CORP | Stock-Energy | 1.62% | -0.57% | -2.06% | |
| 11 | INTC | Intel CORP | Stock-Tech | 1.57% | +0.97% | -11.85% | |
| 12 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.48% | +0.18% | -2.47% | |
| 13 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 1.37% | +0.34% | -7.93% | |
| 14 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 1.36% | -0.19% | -0.59% | |
| 15 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.34% | +0.07% | -2.43% | |
| 16 | CTVA | Corteva Inc | Stock-Materials | 1.33% | -0.10% | -2.63% | |
| 17 | AXP | American Express Co | Stock-Financials | 1.29% | +0.05% | -1.48% | |
| 18 | CSCO | Cisco Systems Inc | Stock-Tech | 1.29% | +0.34% | -4.65% | |
| 19 | CAT | Caterpillar Inc | Stock-Industrials | 1.28% | +0.37% | -0.61% | |
| 20 | XOM | Exxon Mobil CORP | Stock-Energy | 1.25% | -0.42% | -1.09% | |
| 21 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.23% | -0.02% | -6.45% | |
| 22 | RTX | Rtx CORP | Stock-Industrials | 1.20% | -0.16% | -5.26% | |
| 23 | FAST | Fastenal Co | Stock-Industrials | 1.17% | -0.06% | -2.41% | |
| 24 | ABBV | Abbvie Inc | Stock-Healthcare | 1.17% | +0.08% | -1.02% | |
| 25 | WFC | Wells Fargo & Co | Stock-Financials | 1.15% | -0.04% | -0.89% | |
| 26 | ALSN | Allison Transmission Holding | Stock-Consumer Disc | 1.14% | -0.17% | -3.84% | |
| 27 | EMR | Emerson Electric Co | Stock-Industrials | 1.12% | +0.02% | -1.12% | |
| 28 | ORCL | Oracle CORP | Stock-Tech | 1.10% | -0.11% | -3.02% | |
| 29 | ENTG | Entegris Inc | Stock-Tech | 0.94% | +0.18% | -14.46% | |
| 30 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 0.93% | +0.18% | +2990.95% | |
| 31 | LH | Labcorp Holdings Inc | Stock-Healthcare | 0.90% | -0.04% | -2.83% | |
| 32 | ACN | Accenture plc | Stock-Tech | 0.89% | -0.40% | +16.24% | |
| 33 | QCOM | Qualcomm Inc | Stock-Tech | 0.87% | +0.19% | -4.69% | |
| 34 | MCK | Mckesson CORP | Stock-Healthcare | 0.87% | -0.21% | -2.36% | |
| 35 | KEYS | Keysight Technologies In | Stock-Tech | 0.86% | +0.09% | -4.70% | |
| 36 | PH | Parker Hannifin CORP | Stock-Industrials | 0.83% | +0.02% | -0.02% | |
| 37 | SLB | Slb LTD | Stock-Energy | 0.81% | -0.16% | -2.60% | |
| 38 | GLD | Spdr Gold Shares | ETF-Commodities | 0.79% | -0.21% | -2.09% | |
| 39 | SYK | Stryker CORP | Stock-Healthcare | 0.79% | -0.09% | -0.39% | |
| 40 | SYY | Sysco CORP | Stock-Consumer Staples | 0.72% | +0.06% | -2.02% | |
| 41 | EW | Edwards Lifesciences CORP | Stock-Healthcare | 0.71% | +0.03% | -2.13% | |
| 42 | HPE | Hewlett Packard Enterprise | Stock-Tech | 0.69% | +0.21% | -20.02% | |
| 43 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.67% | -0.05% | -1.52% | |
| 44 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.66% | -0.16% | -1.61% | |
| 45 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.66% | -0.15% | -0.93% | |
| 46 | TSCO | Tractor Supply Company | Stock-Consumer Disc | 0.65% | -0.31% | +2.64% | |
| 47 | MDLZ | Mondelez International Inc-a | Stock-Consumer Staples | 0.63% | -0.05% | -1.51% | |
| 48 | INTU | Intuit Inc | Stock-Tech | 0.63% | -0.21% | +32.72% | |
| 49 | UNP | Union Pacific CORP | Stock-Industrials | 0.61% | +0.04% | +1.78% | |
| 50 | A | Agilent Technologies Inc | Stock-Healthcare | 0.61% | +0.05% | -0.28% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+4.2%
Performance Last 4 Quarters
+20.1%
- Stdev
- +11.7%
- Beta
- +0.85
- Alpha
- -1.5%
- Max Drawdown
- -9.1%
- Annualized Perf
- +15.8%
- Batting Avg vs S&P
- +33.3%
- Sortino
- +2.36
- Stutzer
- +0.38
- Treynor
- +0.18
- Sterling
- +0.97
- Calmar
- +1.74
- Information Ratio
- -0.99
- Tracking Error
- +4.7%
- Stdev Down
- +6.5%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +28.5%
- Worst 12 Months
- +4.1%
- Efficiency Ratio
- +0.5
- Sharpe
- +1.31
- Stdev Sectors
- +7.6%
- Skewness
- -0.31
- Kurtosis
- -0.45
- Upside Potential
- +4
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 408 | $3.1B | 17 | ||
| 2026 Q1 | 401 | $2.9B | 14 | ||
| 2025 Q4 | 392 | $3.0B | 11 | ||
| 2025 Q3 | 390 | $3.0B | 20 | ||
| 2025 Q2 | 387 | $2.8B | 0 | ||
| 2025 Q1 | 384 | $2.7B | 100 | ||
| 2024 Q4 | 306 | $2.8B | 0 | ||
| 2024 Q3 | 338 | $2.8B | 0 | ||
| 2024 Q2 | 321 | $2.7B | 0 | ||
| 2024 Q1 | 325 | $2.7B | 0 | ||
| 2023 Q4 | 313 | $2.6B | 0 | ||
| 2023 Q3 | 299 | $2.4B | 0 | ||
| 2023 Q2 | 300 | $2.5B | 0 | ||
| 2023 Q1 | 295 | $2.4B | 0 | ||
| 2022 Q4 | 304 | $2.3B | 0 | ||
| 2022 Q3 | 308 | $2.1B | 0 | ||
| 2022 Q2 | 317 | $2.3B | 0 | ||
| 2022 Q1 | 322 | $2.7B | 0 | ||
| 2021 Q4 | 338 | $2.9B | 0 | ||
| 2021 Q3 | 329 | $2.7B | 0 | ||
| 2021 Q2 | 322 | $2.6B | 100 | ||
| 2021 Q1 | 322 | $2.4B | 12 | ||
| 2020 Q4 | 323 | $2.3B | 12 | ||
| 2020 Q3 | 316 | $2.1B | 12 | ||
| 2020 Q2 | 309 | $1.9B | 20 | ||
| 2020 Q1 | 300 | $1.6B | 25 | ||
| 2019 Q4 | 320 | $2.1B | 11 | ||
| 2019 Q3 | 314 | $1.9B | 9 | ||
| 2019 Q2 | 318 | $1.9B | 10 | ||
| 2019 Q1 | 308 | $1.9B | 18 | ||
| 2018 Q4 | 297 | $1.6B | 18 | ||
| 2018 Q3 | 320 | $1.9B | 11 | ||
| 2018 Q2 | 314 | $1.8B | 9 | ||
| 2018 Q1 | 313 | $1.8B | 7 | ||
| 2017 Q4 | 317 | $1.8B | 18 | ||
| 2017 Q3 | 316 | $1.7B | 10 | ||
| 2017 Q2 | 324 | $1.6B | 9 | ||
| 2017 Q1 | 299 | $1.6B | 9 | ||
| 2016 Q4 | 281 | $1.5B | 9 | ||
| 2016 Q3 | 281 | $1.5B | 12 | ||
| 2016 Q2 | 262 | $1.4B | 9 | ||
| 2016 Q1 | 269 | $1.5B | 12 | ||
| 2015 Q4 | 271 | $1.5B | 13 | ||
| 2015 Q3 | 258 | $1.4B | 19 | ||
| 2015 Q2 | 262 | $1.5B | 7 | ||
| 2015 Q1 | 262 | $1.5B | 9 | ||
| 2014 Q4 | 256 | $1.5B | 11 | ||
| 2014 Q3 | 251 | $1.5B | 8 | ||
| 2014 Q2 | 254 | $1.5B | 9 | ||
| 2014 Q1 | 250 | $1.4B | 8 | ||
| 2013 Q4 | 236 | $1.4B | 11 | ||
| 2013 Q3 | 229 | $1.3B | 9 | ||
| 2013 Q2 | 226 | $1.2B | — |
Holding changes this quarter
Clifford Swan Investment Counsel LLC's most significant position changes for 2026-06-30: Sold out: Honeywell International Inc (HON); Sold out: Dupont De Nemours Inc (6D8); New buy: ; New buy: ; New buy: .
Showing top 200 changes by size (of 351 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | INTC | Intel CORP | +1% | -11.85% | Trim |
| 2 | GOOGL | Alphabet Inc-cl A | +0.5% | -2.69% | Trim |
| 3 | ANET | Arista Networks Inc | +0.5% | -4.78% | Trim |
| 4 | CAT | Caterpillar Inc | +0.4% | -0.61% | Trim |
| 5 | UNH | Unitedhealth Group Inc | +0.3% | -7.93% | Trim |
| 6 | CSCO | Cisco Systems Inc | +0.3% | -4.65% | Trim |
| 7 | LRCX | Lam Research CORP | +0.3% | +88.81% | Add |
| 8 | ✓ | +0.3% | NEW | New buy | |
| 9 | AAPL | Apple Inc | +0.3% | -2.89% | Trim |
| 10 | VRSK | Verisk Analytics Inc | +0.2% | +1629.72% | Add |
| 11 | HPE | Hewlett Packard Enterprise | +0.2% | -20.02% | Trim |
| 12 | QCOM | Qualcomm Inc | +0.2% | -4.69% | Trim |
| 13 | GOOG | Alphabet Inc-cl C | +0.2% | -2.47% | Trim |
| 14 | ENTG | Entegris Inc | +0.2% | -14.46% | Trim |
| 15 | BKNG | Booking Holdings Inc | +0.2% | +2990.95% | Add |
| 16 | ✓ | +0.2% | NEW | New buy | |
| 17 | ✓ | +0.2% | NEW | New buy | |
| 18 | NVDA | Nvidia CORP | +0.1% | +18.69% | Add |
| 19 | XLK | Ss Technology Select Sector | +0.1% | — | Unchanged |
| 20 | KEYS | Keysight Technologies In | +0.1% | -4.70% | Trim |
| 21 | TXN | Texas Instruments Inc | +0.1% | -3.34% | Trim |
| 22 | ABBV | Abbvie Inc | +0.1% | -1.02% | Trim |
| 23 | NVO | Novo-nordisk A/s-spons Adr | +0.1% | -1.93% | Trim |
| 24 | CMI | Cummins Inc | +0.1% | -0.49% | Trim |
| 25 | TPL | Texas Pacific Land CORP | +0.1% | NEW | New buy |
| 26 | AMZN | Amazon.com Inc | +0.1% | -2.43% | Trim |
| 27 | AMD | Advanced Micro Devices | +0.1% | -0.92% | Trim |
| 28 | SYY | Sysco CORP | +0.1% | -2.02% | Trim |
| 29 | KMX | Carmax Inc | +0.1% | -4.92% | Trim |
| 30 | Q | Qnity Electronics Inc | +0.1% | -10.37% | Trim |
| 31 | GE | General Electric | +0.1% | -1.08% | Trim |
| 32 | VWO | Vanguard Ftse Emerging Marke | +0.1% | +259.47% | Add |
| 33 | JPM | Jpmorgan Chase & Co | +0.1% | -2.07% | Trim |
| 34 | AXP | American Express Co | +0.1% | -1.48% | Trim |
| 35 | A | Agilent Technologies Inc | +0.1% | -0.28% | Trim |
| 36 | CPAY | Corpay Inc | +0.1% | +2.99% | Add |
| 37 | UNP | Union Pacific CORP | 0% | +1.78% | Add |
| 38 | GS | Goldman Sachs Group Inc | 0% | -2.68% | Trim |
| 39 | GEV | GE Vernova Inc | 0% | -2.70% | Trim |
| 40 | IYW | Ishares Ustechnology ETF | 0% | -0.16% | Trim |
| 41 | UPS | United Parcel Service-cl B | 0% | -1.98% | Trim |
| 42 | EW | Edwards Lifesciences CORP | 0% | -2.13% | Trim |
| 43 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | -1.87% | Trim |
| 44 | HPQ | Hp Inc | 0% | -0.10% | Trim |
| 45 | AVGO | Broadcom Inc | 0% | -3.53% | Trim |
| 46 | CARR | Carrier Global CORP | 0% | -1.66% | Trim |
| 47 | GNRC | Generac Holdings Inc | 0% | -1.82% | Trim |
| 48 | IBM | Intl Business Machines CORP | 0% | +0.06% | Add |
| 49 | NUE | Nucor CORP | 0% | -0.05% | Trim |
| 50 | ENR | Energizer Holdings Inc | 0% | — | Unchanged |
1–50 of 200
Filing History
FAQ
What is Clifford Swan Investment Counsel LLC and what type of investor is it?
Clifford Swan Investment Counsel LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $3.1B, spread across 408 disclosed positions.
What are Clifford Swan Investment Counsel LLC's largest equity positions?
Based on the latest 13F filing, Clifford Swan Investment Counsel LLC's top holdings by market value are:
1. Apple Inc (AAPL) — $184.8M (5.9%)
2. Alphabet Inc-cl A (GOOGL) — $135.5M (4.3%)
3. Microsoft CORP (MSFT) — $111.5M (3.6%)
4. United Parcel Service-cl B (UPS) — $102.0M (3.3%)
5. Costco Wholesale CORP (COST) — $89.3M (2.9%)
What changes did Clifford Swan Investment Counsel LLC make in its most recent portfolio filing?
In the latest reported quarter, Clifford Swan Investment Counsel LLC made 187 notable position adjustments: 19 new positions were initiated, 31 existing holdings were added to, 121 positions were partially reduced, and 16 were completely exited. The largest of these moves: Sold out: Honeywell International Inc (HON); Sold out: Dupont De Nemours Inc (6D8); New buy: ; New buy: ; New buy:
What sectors does Clifford Swan Investment Counsel LLC focus on?
Clifford Swan Investment Counsel LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 27.9%
• Industrials: 16.1%
• Health Care: 14.4%
• Consumer Discretionary: 9.8%
• Consumer Staples: 8.6%
• Communication Services: 7.8%
Investment Profile
Clifford Swan Investment Counsel LLC returned an annualized 15.8% over the trailing 36 months — underperforming the S&P 500 by 1.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.85 (less volatile than the market) and a 33% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
Its turnover score has risen from 0 to 17 over the past 4 quarters — a shift toward more active trading.
It has added to its INTC position over the past two quarters (+$33.0M, now $49.1M), while trimming ACN over the same stretch (-$21.8M, still holding $27.7M).
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Developer Access
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