1y return+13.7%S&P 500 +20.9%
3y return+37.9%S&P 500 +68.5%
5y return+43.8%S&P 500 +74.5%
10y return+161.2%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $261 against $357 in the S&P 500.2
Clifford Swan Investment Counsel LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| AAPLApple Inc | $184.4M | 5.9% | −3.1% |
| GOOGLAlphabet Inc | $135.5M | 4.4% | −2.7% |
| MSFTMicrosoft Corp | $111.5M | 3.6% | |
| UPSUnited Parcel Svcs Inc | $102.0M | 3.3% | −2.0% |
| COSTCostco Wholesale Corporation | $89.0M | 2.9% | −2.7% |
| ANETArista Networks Inc | $82.6M | 2.7% | −5.5% |
| BRK/BBerkshire Hathaway Inc Del | $80.8M | 2.6% | −1.9% |
| JPMJpmorgan Chase & Co | $57.0M | 1.8% | −2.1% |
| JNJJohnson & Johnson | $52.7M | 1.7% | −1.7% |
| CVXChevron Corporation | $50.6M | 1.6% | −2.1% |
| INTCIntel Corp | $49.1M | 1.6% | −11.9% |
| GOOGAlphabet Inc | $46.0M | 1.5% | −2.5% |
| UNHUnitedhealth Group Inc | $42.6M | 1.4% | −7.9% |
| LOWLowes Cos Inc | $42.4M | 1.4% | |
| AMZNAmazon Com Inc | $41.7M | 1.3% | −2.4% |
| CTVACorteva Inc | $41.4M | 1.3% | −2.6% |
| AXPAmerican Express Co | $40.2M | 1.3% | −1.5% |
| CSCOCisco Sys Inc | $40.1M | 1.3% | −4.6% |
| CATCaterpillar Inc | $40.0M | 1.3% | |
| Exxon Mobil CorpCUSIP 30231G102 | $39.1M | 1.3% | −1.1% |
| Johnson Controls InternationCUSIP G51502105 | $38.3M | 1.2% | −6.4% |
| RTXRtx Corporation | $37.3M | 1.2% | −5.3% |
| FASTFastenal Co | $36.6M | 1.2% | −2.4% |
| ABBVAbbvie Inc | $36.5M | 1.2% | −1.0% |
| WFCWells Fargo & Co | $35.8M | 1.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $40.0M |
| PHParker-hannifin Corp | June 30, 2020 | +433.7% | $26.0M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $135.5M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $46.0M |
| MCKMckesson Corp | June 30, 2020 | +392.5% | $27.0M |
| Johnson Controls InternationCUSIP G51502105 | June 30, 2020 | +328.0% | $38.3M |
| AXPAmerican Express Co | June 30, 2020 | +255.3% | $40.2M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $57.0M |
| KEYSKeysight Technologies Inc | June 30, 2020 | +247.4% | $26.8M |
| WFCWells Fargo & Co | June 30, 2020 | +222.8% | $35.8M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $11.5M
- Dupont De Nemours IncCUSIP 26614N102 was $9.3M
- VGSHVanguard Scottsdale Fds was $646K
- FCALFirst Tr Exch Traded Fd III was $555K
- CMFIshares Tr was $527K
- DBNDDoubleline Etf Trust was $394K
- TRMBTrimble Inc was $280K
- PWZInvesco Exch Traded Fd Tr II was $264K
- KRKroger Co was $256K
- ROSTRoss Stores Inc was $253K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.6% | +14.8% |
| March 31, 2026 | −1.0% | −4.6% |
| December 31, 2025 | +1.3% | +2.4% |
| September 30, 2025 | +6.4% | +7.8% |
| June 30, 2025 | +4.6% | +10.5% |
| March 31, 2025 | −2.6% | −4.6% |
| December 31, 2024 | −0.2% | +2.1% |
| September 30, 2024 | +5.8% | +5.4% |
| June 30, 2024 | +0.3% | +4.0% |
| March 31, 2024 | +7.6% | +10.0% |
| December 31, 2023 | +8.7% | +11.2% |
| September 30, 2023 | −4.0% | −3.6% |
| June 30, 2023 | +4.4% | +8.3% |
| March 31, 2023 | +5.2% | +7.0% |
| December 31, 2022 | +10.0% | +7.1% |
| September 30, 2022 | −5.4% | −5.3% |
| June 30, 2022 | −14.1% | −16.5% |
| March 31, 2022 | −3.5% | −4.9% |
| December 31, 2021 | +11.2% | +10.7% |
| September 30, 2021 | −1.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Clifford Swan Investment Counsel LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1034642&type=13F-HR&dateb=&owner=include&count=40CIK 1034642
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1034642/000103464226000003/Filed August 20, 2026 · accession 0001034642-26-000003