CIK: 0001072843
Total reported value
$497.1M
Reporting period: 2026-03-31 · Number of holdings: 66
First Fiduciary Investment Counsel, Inc. disclosed 66 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $497.1M and a quarterly turnover rate of 18.6%.
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First Fiduciary Investment Counsel, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.032 — mathematically equivalent to about 31 equally-sized positions, well below its 66 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.07), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim MSFT
-2.5% -$9.3M
Add UNP
+104.5% $5.9M
Add SO
+1199.2% $5.9M
Trim GS
-22.6% -$6.7M
Add JNJ
+2.6% $3.9M
Trim JPM
-4.4% -$5.2M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | JPM | Jpmorgan Chase & Co | Stock-Financials | 7.17% | -0.75% | -4.40% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 5.51% | -1.60% | -2.47% | |
| 3 | LOW | Lowe's Cos INC | Stock-Consumer Disc | 4.54% | +0.03% | -0.97% | |
| 4 | JNJ | Johnson & Johnson | Stock-Healthcare | 4.48% | +0.92% | +2.64% | |
| 5 | BLK | Blackrock INC | Stock-Financials | 4.36% | -0.35% | -0.76% | |
| 6 | GS | Goldman Sachs Group INC | Stock-Financials | 3.92% | -1.15% | -22.60% | |
| 7 | HON | Honeywell International INC | Stock-Industrials | 3.71% | +0.48% | -4.46% | |
| 8 | MAR | Marriott International -cl A | Stock-Consumer Disc | 3.65% | +0.31% | -0.16% | |
| 9 | EQIX | Equinix INC | Stock-Real Estate | 3.32% | +0.69% | -5.07% | |
| 10 | WM | Waste Management INC | Stock-Industrials | 3.10% | +0.25% | +0.25% | |
| 11 | LMT | Lockheed Martin CORP | Stock-Industrials | 3.10% | +0.67% | -1.64% | |
| 12 | NVS | Novartis Ag-sponsored Adr | Stock-Healthcare | 3.04% | -0.58% | -27.03% | |
| 13 | CSCO | Cisco Systems INC | Stock-Tech | 2.85% | — | -0.33% | |
| 14 | NEE | Nextera Energy INC | Stock-Utilities | 2.81% | +0.48% | +0.63% | |
| 15 | NDAQ | Nasdaq INC | Stock-Financials | 2.78% | -0.24% | +1.31% | |
| 16 | KO | Coca-cola Co/the | Stock-Consumer Staples | 2.76% | +0.28% | -1.45% | |
| 17 | DIS | Walt Disney Co/the | Stock-Comm Services | 2.43% | -0.36% | -1.03% | |
| 18 | PM | Philip Morris International | Stock-Consumer Staples | 2.42% | — | -2.22% | |
| 19 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.33% | -0.07% | +2.02% | |
| 20 | UNP | Union Pacific CORP | Stock-Industrials | 2.23% | +1.23% | +104.54% | |
| 21 | COF | Capital One Financial CORP | Stock-Financials | 2.15% | -0.64% | -1.40% | |
| 22 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 2.11% | — | -2.50% | |
| 23 | PSX | Phillips 66 | Stock-Energy | 2.03% | +0.63% | -1.00% | |
| 24 | MDLZ | Mondelez International Inc-a | Stock-Consumer Staples | 2.02% | +0.18% | -1.06% | |
| 25 | TXN | Texas Instruments INC | Stock-Tech | 1.88% | +0.26% | +0.13% | |
| 26 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.87% | — | -1.09% | |
| 27 | ALC | Alcon Inc. | Stock-Healthcare | 1.86% | -0.14% | -6.27% | |
| 28 | AMGN | Amgen INC | Stock-Healthcare | 1.67% | +0.54% | +32.00% | |
| 29 | DHR | Danaher CORP | Stock-Healthcare | 1.57% | -0.31% | -2.97% | |
| 30 | BX | Blackstone INC | Stock-Financials | 1.53% | -0.46% | -0.57% | |
| 31 | ORCL | Oracle CORP | Stock-Tech | 1.53% | -0.44% | -0.79% | |
| 32 | PFE | Pfizer INC | Stock-Healthcare | 1.51% | +0.19% | -1.90% | |
| 33 | SLB | Slb LTD | Stock-Energy | 1.42% | +0.37% | -2.68% | |
| 34 | SO | Southern Co/the | Stock-Utilities | 1.28% | +1.19% | +1199.23% | |
| 35 | ACN | Accenture plc | Stock-Tech | 0.73% | -0.21% | +0.40% | |
| 36 | IBDR | Ishares Ibonds Dec 2026 Term | ETF-Other | 0.38% | — | -0.98% | |
| 37 | IBDT | Ishares Ibonds Dec 2028 ETF | ETF-Other | 0.37% | — | -2.83% | |
| 38 | IBDS | Ishrs Ibnds Dec 27 CORP ETF | ETF-Other | 0.37% | — | -2.18% | |
| 39 | AAPL | Apple INC | Stock-Tech | 0.33% | -0.08% | -17.21% | |
| 40 | IBDU | Ishares Ibonds Dec 2029 Term | ETF-Other | 0.28% | — | -1.81% | |
| 41 | WMT | Walmart INC | Stock-Consumer Staples | 0.23% | +0.03% | -0.97% | |
| 42 | IBDV | Ishares Ibonds Dec 2030 CORP | ETF-Other | 0.22% | — | -1.25% | |
| 43 | BSCR | Invesco Bulletshares 2027 Cb | ETF-Other | 0.19% | — | +3.59% | |
| 44 | WFC | Wells Fargo & Co | Stock-Financials | 0.16% | -0.02% | — | |
| 45 | BSCS | Invesco Bulletshares 2028 Cb | ETF-Other | 0.16% | — | -0.48% | |
| 46 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.15% | -0.02% | -23.40% | |
| 47 | BSCQ | Invesco Bulletshares 2026 Cb | ETF-Other | 0.14% | — | -10.48% | |
| 48 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.12% | — | -10.24% | |
| 49 | BSCT | Invesco Bulletshares 2029 Cb | ETF-Other | 0.10% | — | — | |
| 50 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.10% | -0.02% | -11.66% |
Performance for Q3 2026
+2.5%
Performance Last 4 Quarters
+15.1%
Based on 79% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 66 | $497.1M | 19 | |
| 2025-12-31 | 71 | $515.9M | 13 | |
| 2025-09-30 | 73 | $513.7M | 23 | |
| 2025-06-30 | 71 | $504.4M | 0 | |
| 2025-03-31 | 68 | $466.1M | 100 | |
| 2024-12-31 | 66 | $491.7M | 0 | |
| 2024-09-30 | 68 | $499.4M | 0 | |
| 2024-06-30 | 64 | $461.4M | 0 | |
| 2024-03-31 | 65 | $482.2M | 0 | |
| 2023-12-31 | 63 | $452.8M | 0 | |
| 2023-09-30 | 61 | $426.0M | 0 | |
| 2023-06-30 | 63 | $460.3M | 0 | |
| 2023-03-31 | 66 | $451.7M | 0 | |
| 2022-12-31 | 64 | $456.7M | 0 | |
| 2022-09-30 | 64 | $398.6M | 0 | |
| 2022-06-30 | 67 | $442.1M | 0 | |
| 2022-03-31 | 69 | $512.8M | 0 | |
| 2021-12-31 | 67 | $563.5M | 0 | |
| 2021-09-30 | 65 | $512.5M | 0 | |
| 2021-06-30 | 66 | $522.2M | 100 | |
| 2021-03-31 | 70 | $524.7M | 11 | |
| 2020-12-31 | 59 | $534.2M | 19 | |
| 2020-09-30 | 59 | $480.9M | 36 | |
| 2020-06-30 | 62 | $570.0M | 43 | |
| 2020-03-31 | 59 | $377.6M | 42 | |
| 2019-12-31 | 64 | $536.6M | 22 | |
| 2019-09-30 | 42 | $472.4M | 9 | |
| 2019-06-30 | 44 | $472.6M | 23 | |
| 2019-03-31 | 46 | $540.4M | 19 | |
| 2018-12-31 | 48 | $489.2M | 20 | |
| 2018-09-30 | 47 | $535.4M | 14 | |
| 2018-06-30 | 48 | $521.5M | 13 | |
| 2018-03-31 | 48 | $503.4M | 22 | |
| 2017-12-31 | 45 | $549.4M | 11 | |
| 2017-09-30 | 42 | $546.7M | 17 | |
| 2017-06-30 | 33 | $522.7M | 11 | |
| 2017-03-31 | 32 | $516.9M | 13 | |
| 2016-12-31 | 40 | $522.2M | 18 | |
| 2016-09-30 | 31 | $474.3M | 46 | |
| 2016-06-30 | 34 | $446.4M | 25 | |
| 2016-03-31 | 36 | $456.0M | 15 | |
| 2015-12-31 | 36 | $442.5M | 14 | |
| 2015-09-30 | 37 | $415.8M | 17 | |
| 2015-06-30 | 42 | $461.9M | 10 | |
| 2015-03-31 | 39 | $463.9M | 8 | |
| 2014-12-31 | 41 | $477.7M | 20 | |
| 2014-09-30 | 41 | $441.2M | 9 | |
| 2014-06-30 | 42 | $454.0M | 20 | |
| 2014-03-31 | 43 | $437.4M | 19 | |
| 2013-12-31 | 45 | $429.8M | 27 | |
| 2013-09-30 | 45 | $394.4M | 13 | |
| 2013-06-30 | 44 | $381.2M | — |
First Fiduciary Investment Counsel, Inc.'s most significant position changes for 2026-03-31: Sold out: United Parcel Service-cl B (UPS); Sold out: Abbott Laboratories (ABT); Sold out: Norfolk Southern CORP (NSC); Sold out: Alliant Energy CORP (LNT); Sold out: Chevron CORP (CVX).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | UNP | Union Pacific CORP | +1.2% | +104.54% | Add |
| 2 | SO | Southern Co/the | +1.2% | +1199.23% | Add |
| 3 | JNJ | Johnson & Johnson | +0.9% | +2.64% | Add |
| 4 | EQIX | Equinix INC | +0.7% | -5.07% | Trim |
| 5 | LMT | Lockheed Martin CORP | +0.7% | -1.64% | Trim |
| 6 | PSX | Phillips 66 | +0.6% | -1.00% | Trim |
| 7 | AMGN | Amgen INC | +0.5% | +32.00% | Add |
| 8 | NEE | Nextera Energy INC | +0.5% | +0.63% | Add |
| 9 | HON | Honeywell International INC | +0.5% | -4.46% | Trim |
| 10 | SLB | Slb LTD | +0.4% | -2.68% | Trim |
| 11 | MAR | Marriott International -cl A | +0.3% | -0.16% | Trim |
| 12 | KO | Coca-cola Co/the | +0.3% | -1.45% | Trim |
| 13 | TXN | Texas Instruments INC | +0.3% | +0.13% | Add |
| 14 | WM | Waste Management INC | +0.3% | +0.25% | Add |
| 15 | PFE | Pfizer INC | +0.2% | -1.90% | Trim |
| 16 | MDLZ | Mondelez International Inc-a | +0.2% | -1.06% | Trim |
| 17 | LOW | Lowe's Cos INC | 0% | -0.97% | Trim |
| 18 | WMT | Walmart INC | 0% | -0.97% | Trim |
| 19 | LLY | Eli Lilly & Co | 0% | -5.00% | Trim |
| 20 | WFC | Wells Fargo & Co | 0% | — | Unchanged |
| 21 | AMZN | Amazon.com INC | 0% | -11.66% | Trim |
| 22 | AXP | American Express Co | 0% | -7.28% | Trim |
| 23 | MRK | Merck & Co. INC. | 0% | -23.40% | Trim |
| 24 | XOM | Exxon Mobil CORP | 0% | -49.10% | Trim |
| 25 | GOOGL | Alphabet Inc-cl A | -0.1% | +2.02% | Add |
| 26 | AAPL | Apple INC | -0.1% | -17.21% | Trim |
| 27 | GOOG | Alphabet Inc-cl C | -0.1% | -50.56% | Trim |
| 28 | ABBV | Abbvie INC | -0.1% | -72.05% | Trim |
| 29 | ALC | Alcon Inc. | -0.1% | -6.27% | Trim |
| 30 | HD | Home Depot INC | -0.2% | -65.03% | Trim |
| 31 | ACN | Accenture plc | -0.2% | +0.40% | Add |
| 32 | NDAQ | Nasdaq INC | -0.2% | +1.31% | Add |
| 33 | DHR | Danaher CORP | -0.3% | -2.97% | Trim |
| 34 | BLK | Blackrock INC | -0.4% | -0.76% | Trim |
| 35 | DIS | Walt Disney Co/the | -0.4% | -1.03% | Trim |
| 36 | ORCL | Oracle CORP | -0.4% | -0.79% | Trim |
| 37 | BX | Blackstone INC | -0.5% | -0.57% | Trim |
| 38 | NVS | Novartis Ag-sponsored Adr | -0.6% | -27.03% | Trim |
| 39 | COF | Capital One Financial CORP | -0.6% | -1.40% | Trim |
| 40 | JPM | Jpmorgan Chase & Co | -0.8% | -4.40% | Trim |
| 41 | GS | Goldman Sachs Group INC | -1.2% | -22.60% | Trim |
| 42 | MSFT | Microsoft CORP | -1.6% | -2.47% | Trim |
| 43 | UPS | United Parcel Service-cl B | — | EXIT | Sold out |
| 44 | ABT | Abbott Laboratories | — | EXIT | Sold out |
| 45 | NSC | Norfolk Southern CORP | — | EXIT | Sold out |
| 46 | LNT | Alliant Energy CORP | — | EXIT | Sold out |
| 47 | CVX | Chevron CORP | — | EXIT | Sold out |
| 48 | GIS | General Mills INC | — | EXIT | Sold out |
| 49 | ALL | Allstate CORP | — | EXIT | Sold out |
| 50 | CAT | Caterpillar INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-01 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-30 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-05 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-24 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-25 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-29 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-01 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-07 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-24 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-02 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-07 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-21 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-04 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-07 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-31 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-19 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-21 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-07 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-29 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-12 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-12 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-18 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-10 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-12 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-12 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-15 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-25 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-04 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-29 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-15 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-03 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-20 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-20 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-15 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-15 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-15 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-12 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-18 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-08 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-02 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-23 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-04 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-04 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-29 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-05 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-02 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-01-29 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-10-25 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-01 | 13F-HR | View on EDGAR |
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