ZI
Zwj Investment Counsel INC — 13F Filing Insights
Zwj Investment Counsel INCCIK: 0000842782
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$3.1B
Reporting period: 2026-06-30 · Number of holdings: 290
ZWJ INVESTMENT COUNSEL INC disclosed 290 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 18.5%.
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Personality snowflake
- Concentration
- 8.3
- Portfolio Stability
- 18.53
- Momentum/Contrarian
- 100
- Sector conviction
- 45.28
- Diversification
- 100
- Sizing Uniformity
- 77.56
Zwj Investment Counsel INC's disclosed holdings carry a Herfindahl concentration index of 0.021 — mathematically equivalent to about 48 equally-sized positions, well below its 290 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 2.24), 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.
Recent moves
Add MU
-33.0% $99.3M
Trim BSX
-16.2% -$19.0M
Trim NOC
+3.1% -$15.4M
Add CSCO
-4.1% $30.1M
Trim CVX
+0.5% -$10.5M
Trim BWXT
-3.9% -$6.8M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 290 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MU | Micron Technology INC | Stock-Tech | 5.70% | +2.92% | -33.01% | |
| 2 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 4.56% | +0.43% | -0.07% | |
| 3 | AVGO | Broadcom INC | Stock-Tech | 3.54% | +0.31% | +0.09% | |
| 4 | KO | Coca-cola Co/the | Stock-Consumer Staples | 3.42% | -0.14% | +0.06% | |
| 5 | NVDA | Nvidia CORP | Stock-Tech | 3.33% | +0.09% | -0.04% | |
| 6 | CSCO | Cisco Systems INC | Stock-Tech | 3.14% | +0.73% | -4.15% | |
| 7 | ABBV | Abbvie INC | Stock-Healthcare | 2.78% | +0.13% | +0.96% | |
| 8 | MSFT | Microsoft CORP | Stock-Tech | 2.64% | -0.16% | +4.34% | |
| 9 | AAPL | Apple INC | Stock-Tech | 2.45% | +0.12% | +2.86% | |
| 10 | AZN | AstraZeneca PLC | Stock-Healthcare | 2.43% | — | +2.25% | |
| 11 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.38% | +0.05% | +2.25% | |
| 12 | BWXT | Bwx Technologies INC | Stock-Industrials | 2.37% | -0.52% | -3.87% | |
| 13 | V | Visa Inc-class A Shares | Stock-Financials | 2.31% | +0.15% | +5.16% | |
| 14 | CB | Chubb Limited | Stock-Financials | 2.20% | -0.13% | +0.94% | |
| 15 | CTVA | Corteva INC | Stock-Materials | 2.11% | — | -0.08% | |
| 16 | ORCL | Oracle CORP | Stock-Tech | 1.88% | — | +0.73% | |
| 17 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.85% | -0.07% | +3.28% | |
| 18 | PGR | Progressive CORP | Stock-Financials | 1.79% | +0.04% | +3.52% | |
| 19 | AEP | American Electric Power | Stock-Utilities | 1.74% | — | -0.41% | |
| 20 | AXP | American Express Co | Stock-Financials | 1.73% | +0.02% | +0.88% | |
| 21 | NOC | Northrop Grumman CORP | Stock-Industrials | 1.66% | -0.74% | +3.10% | |
| 22 | BA | Boeing Co/the | Stock-Industrials | 1.66% | +0.06% | +5.92% | |
| 23 | PSX | Phillips 66 | Stock-Energy | 1.61% | -0.33% | -0.34% | |
| 24 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 1.50% | -0.06% | +5.19% | |
| 25 | SAIA | Saia INC | Stock-Industrials | 1.41% | +0.09% | -1.10% | |
| 26 | CVX | Chevron CORP | Stock-Energy | 1.41% | -0.54% | +0.48% | |
| 27 | UBER | Uber Technologies INC | Stock-Industrials | 1.37% | +0.28% | +39.89% | |
| 28 | ROP | Roper Technologies INC | Stock-Tech | 1.34% | -0.25% | -1.90% | |
| 29 | MDLZ | Mondelez International Inc-a | Stock-Consumer Staples | 1.33% | — | +2.97% | |
| 30 | INGR | Ingredion INC | Stock-Consumer Staples | 1.24% | -0.39% | +1.05% | |
| 31 | AME | Ametek INC | Stock-Industrials | 1.14% | +0.05% | +4.05% | |
| 32 | OMC | Omnicom Group | Stock-Comm Services | 1.12% | +0.09% | +26.25% | |
| 33 | ELV | Elevance Health INC | Stock-Healthcare | 1.12% | +0.17% | -0.57% | |
| 34 | YUM | Yum! Brands INC | Stock-Consumer Disc | 1.10% | -0.02% | +6.17% | |
| 35 | SRE | Sempra | Stock-Utilities | 1.05% | — | +4.40% | |
| 36 | HD | Home Depot INC | Stock-Consumer Disc | 1.04% | +0.01% | +4.96% | |
| 37 | J | Jacobs Solutions INC | Stock-Industrials | 0.95% | — | +6.96% | |
| 38 | SSNC | Ss&c Technologies Holdings | Stock-Tech | 0.93% | — | +7.13% | |
| 39 | EWBC | East West Bancorp INC | Stock-Financials | 0.90% | +0.06% | -1.27% | |
| 40 | TSN | Tyson Foods Inc-cl A | Stock-Consumer Staples | 0.90% | — | +4.77% | |
| 41 | IFF | Intl Flavors & Fragrances | Stock-Materials | 0.82% | — | +1.76% | |
| 42 | BSX | Boston Scientific CORP | Stock-Healthcare | 0.81% | -0.78% | -16.17% | |
| 43 | GM | General Motors Co | Stock-Consumer Disc | 0.79% | — | -1.63% | |
| 44 | APD | Air Products & Chemicals INC | Stock-Materials | 0.78% | — | +5.51% | |
| 45 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.76% | -0.02% | +7.88% | |
| 46 | T | At&t INC | Stock-Comm Services | 0.75% | -0.41% | +1.24% | |
| 47 | OUT | Outfront Media INC | Stock-Other | 0.67% | -0.38% | -42.27% | |
| 48 | VZ | Verizon Communications INC | Stock-Comm Services | 0.67% | -0.15% | +7.75% | |
| 49 | ACN | Accenture plc | Stock-Tech | 0.63% | -0.47% | +1.47% | |
| 50 | ZBRA | Zebra Technologies Corp-cl A | Stock-Tech | 0.62% | +0.10% | +4.86% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+6.7%
Performance Last 4 Quarters
+28.7%
Based on 81% of reported portfolio value with available pricing
- Stdev
- +13%
- Beta
- +0.94
- Alpha
- +3.2%
- Max Drawdown
- -6.7%
- Annualized Perf
- +21.7%
- Batting Avg vs S&P
- +61.1%
- Sortino
- +3.55
- Stutzer
- +0.47
- Treynor
- +0.22
- Sterling
- +1.37
- Calmar
- +3.25
- Information Ratio
- +0.49
- Tracking Error
- +4.4%
- Stdev Down
- +5.8%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +39.1%
- Worst 12 Months
- +9.8%
- Efficiency Ratio
- +0.67
- Sharpe
- +1.58
- Stdev Sectors
- +7.4%
- Skewness
- +0.2
- Kurtosis
- -0.22
- Upside Potential
- +5.21
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-06-30 | 290 | $3.1B | 19 | |
| 2026-03-31 | 241 | $2.8B | 21 | |
| 2025-12-31 | 238 | $2.8B | 17 | |
| 2025-09-30 | 245 | $2.8B | 22 | |
| 2025-06-30 | 241 | $2.7B | 0 | |
| 2025-03-31 | 211 | $2.5B | 100 | |
| 2024-12-31 | 222 | $2.4B | 0 | |
| 2024-09-30 | 236 | $2.4B | 0 | |
| 2024-06-30 | 226 | $2.3B | 0 | |
| 2024-03-31 | 227 | $2.2B | 0 | |
| 2023-12-31 | 197 | $1.9B | 0 | |
| 2023-09-30 | 196 | $1.8B | 0 | |
| 2023-06-30 | 187 | $1.9B | 0 | |
| 2023-03-31 | 185 | $1.8B | 0 | |
| 2022-12-31 | 176 | $1.8B | 0 | |
| 2022-09-30 | 172 | $1.6B | 0 | |
| 2022-06-30 | 179 | $1.7B | 0 | |
| 2022-03-31 | 176 | $1.9B | 0 | |
| 2021-12-31 | 181 | $2.0B | 0 | |
| 2021-09-30 | 166 | $1.8B | 0 | |
| 2021-06-30 | 165 | $1.7B | 0 | |
| 2021-03-31 | 166 | $1.6B | 18 | |
| 2020-12-31 | 161 | $1.5B | 20 | |
| 2020-09-30 | 143 | $1.2B | 13 | |
| 2020-06-30 | 142 | $1.2B | 34 | |
| 2020-03-31 | 190 | $1.1B | 31 | |
| 2019-12-31 | 212 | $1.5B | 27 | |
| 2019-09-30 | 153 | $1.3B | 20 | |
| 2019-06-30 | 153 | $1.3B | 11 | |
| 2019-03-31 | 152 | $1.2B | 20 | |
| 2018-12-31 | 162 | $1.1B | 24 | |
| 2018-09-30 | 158 | $1.2B | 14 | |
| 2018-06-30 | 155 | $1.2B | 20 | |
| 2018-03-31 | 152 | $1.1B | 28 | |
| 2017-12-31 | 291 | $1.3B | 14 | |
| 2017-09-30 | 293 | $1.3B | 16 | |
| 2017-06-30 | 293 | $1.3B | 15 | |
| 2017-03-31 | 314 | $1.2B | 42 | |
| 2016-12-31 | 290 | $1.0B | 28 | |
| 2016-09-30 | 276 | $1.0B | 25 | |
| 2016-06-30 | 281 | $998.9M | 16 | |
| 2016-03-31 | 280 | $943.9M | 20 | |
| 2015-12-31 | 275 | $916.5M | 19 | |
| 2015-09-30 | 258 | $880.1M | 15 | |
| 2015-06-30 | 263 | $959.8M | 14 | |
| 2015-03-31 | 267 | $955.2M | 14 | |
| 2014-12-31 | 273 | $988.5M | 14 | |
| 2014-09-30 | 252 | $928.9M | 11 | |
| 2014-06-30 | 257 | $896.4M | 19 | |
| 2014-03-31 | 261 | $863.4M | 18 | |
| 2013-12-31 | 256 | $869.2M | 17 | |
| 2013-09-30 | 242 | $778.7M | 18 | |
| 2013-06-30 | 251 | $740.7M | 0 |
Holding changes this quarter
Zwj Investment Counsel INC's most significant position changes for 2026-06-30: New buy: S&p Global INC (SPGI); New buy: Kla CORP (KLAC); Trim: Micron Technology INC (MU) — shares -33.01%; Trim: Boston Scientific CORP (BSX) — shares -16.17%; Add: Northrop Grumman CORP (NOC) — shares +3.10%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology INC | +2.9% | -33.01% | Trim |
| 2 | CSCO | Cisco Systems INC | +0.7% | -4.15% | Trim |
| 3 | GOOG | Alphabet Inc-cl C | +0.4% | -0.07% | Trim |
| 4 | SPGI | S&p Global INC | +0.3% | NEW | New buy |
| 5 | AVGO | Broadcom INC | +0.3% | +0.09% | Add |
| 6 | UBER | Uber Technologies INC | +0.3% | +39.89% | Add |
| 7 | ELV | Elevance Health INC | +0.2% | -0.57% | Trim |
| 8 | V | Visa Inc-class A Shares | +0.2% | +5.16% | Add |
| 9 | ABBV | Abbvie INC | +0.1% | +0.96% | Add |
| 10 | ABNB | Airbnb Inc-class A | +0.1% | +58.70% | Add |
| 11 | AAPL | Apple INC | +0.1% | +2.86% | Add |
| 12 | ZBRA | Zebra Technologies Corp-cl A | +0.1% | +4.86% | Add |
| 13 | NVDA | Nvidia CORP | +0.1% | -0.04% | Trim |
| 14 | SAIA | Saia INC | +0.1% | -1.10% | Trim |
| 15 | OMC | Omnicom Group | +0.1% | +26.25% | Add |
| 16 | GE | General Electric | +0.1% | +19.96% | Add |
| 17 | KLAC | Kla CORP | +0.1% | NEW | New buy |
| 18 | BA | Boeing Co/the | +0.1% | +5.92% | Add |
| 19 | EWBC | East West Bancorp INC | +0.1% | -1.27% | Trim |
| 20 | LLY | Eli Lilly & Co | +0.1% | +12.65% | Add |
| 21 | GNRC | Generac Holdings INC | +0.1% | +5.16% | Add |
| 22 | GEV | GE Vernova INC | +0.1% | +34.23% | Add |
| 23 | JPM | Jpmorgan Chase & Co | +0.1% | +2.25% | Add |
| 24 | AME | Ametek INC | +0.1% | +4.05% | Add |
| 25 | AMZN | Amazon.com INC | +0.1% | +22.95% | Add |
| 26 | PGR | Progressive CORP | 0% | +3.52% | Add |
| 27 | COLB | Columbia Banking System INC | 0% | +8.20% | Add |
| 28 | DV | Doubleverify Holdings INC | 0% | +3.84% | Add |
| 29 | AXP | American Express Co | 0% | +0.88% | Add |
| 30 | HD | Home Depot INC | 0% | +4.96% | Add |
| 31 | IFF | Intl Flavors & Fragrances | — | +1.76% | Add |
| 32 | YUM | Yum! Brands INC | 0% | +6.17% | Add |
| 33 | PG | Procter & Gamble Co/the | 0% | +7.88% | Add |
| 34 | TMO | Thermo Fisher Scientific INC | -0.1% | +5.19% | Add |
| 35 | JNJ | Johnson & Johnson | -0.1% | +3.28% | Add |
| 36 | JMST | JPM Ultra-short Muni Income | -0.1% | -55.23% | Trim |
| 37 | CB | Chubb Limited | -0.1% | +0.94% | Add |
| 38 | KO | Coca-cola Co/the | -0.1% | +0.06% | Add |
| 39 | VZ | Verizon Communications INC | -0.2% | +7.75% | Add |
| 40 | MSFT | Microsoft CORP | -0.2% | +4.34% | Add |
| 41 | ROP | Roper Technologies INC | -0.3% | -1.90% | Trim |
| 42 | PSX | Phillips 66 | -0.3% | -0.34% | Trim |
| 43 | OUT | Outfront Media INC | -0.4% | -42.27% | Trim |
| 44 | INGR | Ingredion INC | -0.4% | +1.05% | Add |
| 45 | T | At&t INC | -0.4% | +1.24% | Add |
| 46 | ACN | Accenture plc | -0.5% | +1.47% | Add |
| 47 | BWXT | Bwx Technologies INC | -0.5% | -3.87% | Trim |
| 48 | CVX | Chevron CORP | -0.5% | +0.48% | Add |
| 49 | NOC | Northrop Grumman CORP | -0.7% | +3.10% | Add |
| 50 | BSX | Boston Scientific CORP | -0.8% | -16.17% | Trim |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-06-30 | 2026-07-16 | 13F-HR | View on EDGAR |
| 2026-03-31 | 2026-04-24 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-23 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-15 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-21 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-28 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-16 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-16 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-19 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-26 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-31 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-13 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-26 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-24 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-19 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-02 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-10 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-03-31 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2022-03-31 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2022-03-31 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-06 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-26 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-03 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-28 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-18 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-13 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-22 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-24 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-21 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-08 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-13 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-07-20 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-04-24 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-01 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-03 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-04 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-11 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-06 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-08 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-02 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-20 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-13 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-11 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-12 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-17 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-13 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-13 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-10 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-12 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-13 | 13F-HR | View on EDGAR |
FAQ
What is Zwj Investment Counsel INC and what type of investor is it?
Zwj Investment Counsel INC is a 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 290 disclosed positions.
What are Zwj Investment Counsel INC's largest equity positions?
Based on the latest 13F filing, Zwj Investment Counsel INC's top holdings by market value are:
1. Micron Technology INC (MU) — $176.4M (5.7%)
2. Alphabet Inc-cl C (GOOG) — $141.0M (4.6%)
3. Broadcom INC (AVGO) — $109.5M (3.5%)
4. Coca-cola Co/the (KO) — $105.7M (3.4%)
5. Nvidia CORP (NVDA) — $102.9M (3.3%)
What changes did Zwj Investment Counsel INC make in its most recent portfolio filing?
In the latest reported quarter, Zwj Investment Counsel INC made 50 notable position adjustments: 2 new positions were initiated, 35 existing holdings were added to, 13 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: S&p Global INC (SPGI); New buy: Kla CORP (KLAC); Trim: Micron Technology INC (MU) — shares -33.01%; Trim: Boston Scientific CORP (BSX) — shares -16.17%; Add: Northrop Grumman CORP (NOC) — shares +3.10%
What sectors does Zwj Investment Counsel INC focus on?
Zwj Investment Counsel INC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 28.4%
• Financials: 13.5%
• Industrials: 12.8%
• Health Care: 11.9%
• Consumer Staples: 8.9%
• Communication Services: 8.6%
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