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CLIFFORD SWAN INVESTMENT COUNSEL LLC — 13F Holdings & Portfolio

CIK 1034642 · latest 13F-HR filed 2026-08-20

Backtest portfolio

CLIFFORD SWAN INVESTMENT COUNSEL LLC manages $3.12B in 13F-reported U.S. long-equity assets across 408 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AAPL (5.92%), GOOGL (4.26%), MSFT (3.53%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 19 new positions and exited 16; 155 existing positions rose in reported value and 78 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$3.12B

Long-equity book

Holdings
408

Distinct positions

Period
2026-06-30

Filed 2026-08-20

Q/Q Activity
+19 / −16 / ↑155 / ↓78

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
AAPL5.9% · -3%GOOGL4.4% · -3%MSFT3.6% · -0%UPS3.3% · -2%COST2.9% · -3%ANET2.7% · -6%BRK.B2.6% · -2%JPM1.8% · -2%JNJ1.7% · -2%CVX1.6% · -2%INTC1.6% · -12%GOOG1.5% · -2%UNH1.4% · -8%LOW1.4% · -1%AMZN1.3% · -2%CTVA1.3% · -3%AXP1.3% · -2%CSCO1.3% · -5%CAT1.3% · -1%XOM1.3% · -1%JCI1.2% · -6%RTX1.2% · -5%FAST1.2% · -2%ABBV1.2% · -1%WFC1.2% · -1%ALSN1.1% · -4%EMR1.1% · -1%ORCL1.1% · -3%ENTG0.9% · -14%BKNG0.9% · +2991%LH0.9% · -3%ACN0.9% · +16%QCOM0.9% · -5%MCK0.9% · -2%KEYS0.9% · -5%PH0.8% · -0%SLB0.8% · -3%GLD0.8% · -2%SYK0.8% · -0%SYY0.7% · -2%EW0.7% · -2%HPE0.7% · -20%PG0.7% · -2%MCD0.7% · -2%PEP0.7% · -1%TSCO0.7% · +3%MDLZ0.6% · -2%INTU0.6% · +33%UNP0.6% · +2%A0.6% · -0%ABT0.6% · -1%SPY0.6% · -2%FERG0.6% · -1%META0.6% · -3%BMY0.5% · -2%PM0.5% · -1%CPAY0.5% · +3%KMX0.5% · -5%WMT0.5% · -3%HPQ0.5% · -0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 30.5%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Feb 10, 2026.

Assets Under Management
$4.48B
Discretionary
$3.93B
Employees
40
Accounts
2,598
Address
177 E. COLORADO BLVD
STE 550
PASADENA, CA 91105-1965
Phone
(626) 792-2228
Website
Name Title / Status Ownership Type
ADLER, RICHARD, HOWARD ControlDIRECTOR
since Dec 2015
Less than 5%Individual
BOYLE, PETER, JAMES ControlCEO & DIRECTOR
since Jul 2020
10–25%Individual
GEWECKE, ROGER, LELAND (JR) ControlDIRECTOR
since Jan 2015
10–25%Individual
GILMORE, KATHLEEN ControlCHAIRMAN & PRESIDENT
since Jul 2020
10–25%Individual
PRAY, MAXWELL, RAMSEY ControlDIRECTOR
since Jan 2011
10–25%Individual
CAVANAUGH, KEVIN, JAMESMEMBER
since Dec 2015
10–25%Individual
LEE, GRETCHEN, ELIZABETHCHIEF COMPLIANCE OFFICER
since Jan 2019
Less than 5%Individual
NELSON, DAVID, JOSEPHCHIEF OPERATING OFFICER
since Jan 2023
Less than 5%Individual
ZAHARIA, RANDALL, LEEMEMBER
since Dec 2015
5–10%Individual
Ownership & leadership changes · 13 filings with changes since Dec 5, 2011

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 21, 2025 filing
  • ChangedZAHARIA, RANDALL, LEE · ownership 10–25% → 5–10%
Mar 27, 2024 filing
  • ChangedZAHARIA, RANDALL, LEE · ownership 5–10% → 10–25%
Mar 24, 2023 filing
  • No longer listedBROWN, JAMES, ROBERT · CHIEF FINANCIAL OFFICER & SECRETARY · Less than 5% · listed since Oct 2000
  • AddedNELSON, DAVID, JOSEPH · CHIEF OPERATING OFFICER · Less than 5%
Mar 22, 2021 filing
  • ChangedGILMORE, KATHLEEN · now a control person
Jul 27, 2020 filing
  • No longer listedTAYLOR, LINDA, DAVIS · CHAIRMAN & CEO · 10–25% · control person · listed since Jan 2010
  • ChangedBOYLE, PETER, JAMES · title PRESIDENT & DIRECTOR → CEO & DIRECTOR
  • ChangedCAVANAUGH, KEVIN, JAMES · ownership 5–10% → 10–25%
  • ChangedGILMORE, KATHLEEN · title MEMBER → CHAIRMAN & PRESIDENT; ownership 5–10% → 10–25%
Mar 28, 2019 filing
  • No longer listedBARBER, CAROLYN, SWABB · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Aug 2009
  • No longer listedDike, Kenneth, Howard · MEMBER · Less than 5% · listed since Dec 2015
  • AddedLEE, GRETCHEN, ELIZABETH · CHIEF COMPLIANCE OFFICER · Less than 5%
Feb 17, 2017 filing
  • ChangedDike, Kenneth, Howard · ownership 5–10% → Less than 5%
  • ChangedGEWECKE, ROGER, LELAND (JR) · ownership 5–10% → 10–25%
Feb 10, 2016 filing
  • AddedDike, Kenneth, Howard · MEMBER · 5–10%
Dec 14, 2015 filing
  • No longer listedCCM NEWCO III, INC. · MEMBER · 25–50% · control person · listed since Nov 2007
  • No longer listedCONVERGENT CAPITAL MANAGEMENT LLC · INTEREST HOLDER · 25–50% · control person · listed since Apr 2003
  • No longer listedCONVERGENT CAPITAL MANAGEMENT LLC · SHAREHOLDER · 75% or more · indirect via CCM NEWCO III, INC. · control person · listed since Apr 2003
  • No longer listedFREEMAN, WILLIAM, JAY · DIRECTOR · Less than 5% · control person · listed since Dec 2011
  • No longer listedRBC USA HOLDCO · SHAREHOLDER · 75% or more · indirect via CCM NEWCO III, INC. · control person · listed since Nov 2015
  • No longer listedRBC USA HOLDCO · SHAREHOLDER · 75% or more · indirect via CONVERGENT CAPTIAL MANAGEMENT, LLC. · control person · listed since Nov 2015
  • No longer listedROYAL BANK OF CANADA · ULTIMATE OWNER · 75% or more · indirect via RBC USA HOLDCO · control person · listed since Nov 2015
  • AddedCAVANAUGH, KEVIN, JAMES · MEMBER · 5–10%
  • AddedGILMORE, KATHLEEN · MEMBER · 5–10%
  • AddedZAHARIA, RANDALL, LEE · MEMBER · 5–10%
  • Listed againADLER, RICHARD, HOWARD · DIRECTOR · Less than 5% · control person
  • ChangedBOYLE, PETER, JAMES · ownership Less than 5% → 10–25%
  • ChangedGEWECKE, ROGER, LELAND (JR) · ownership Less than 5% → 5–10%
  • ChangedPRAY, MAXWELL, RAMSEY · ownership Less than 5% → 10–25%
  • ChangedTAYLOR, LINDA, DAVIS · ownership Less than 5% → 10–25%
Nov 25, 2015 filing
  • No longer listedCCM HOLDINGS LLC · MEMBER · 10–25% · listed since Feb 2000
  • No longer listedCITY NATIONAL CORPORATION · SHAREHOLDER · 75% or more · indirect via CCM NEWCO III, INC. · control person · listed since Apr 2003
  • No longer listedCITY NATIONAL CORPORATION · SHAREHOLDER · 75% or more · indirect via CONVERGENT CAPITAL MANAGEMENT, LLC. · control person · listed since Apr 2003
  • No longer listedCONVERGENT CAPITAL MANAGEMENT LLC · MEMBER · 75% or more · indirect via CCM HOLDINGS LLC · control person · listed since Apr 2003
  • AddedRBC USA HOLDCO · SHAREHOLDER · 75% or more · indirect via CCM NEWCO III, INC. · control person
  • AddedRBC USA HOLDCO · SHAREHOLDER · 75% or more · indirect via CONVERGENT CAPTIAL MANAGEMENT, LLC. · control person
  • AddedROYAL BANK OF CANADA · ULTIMATE OWNER · 75% or more · indirect via RBC USA HOLDCO · control person
Older changes (4 more filings)
Mar 20, 2015 filing
  • No longer listedADLER, RICHARD, HOWARD · DIRECTOR · Less than 5% · listed since Jun 1999
  • No longer listedDAVIS, MICHAEL, GEORGE · DIRECTOR · Less than 5% · control person · listed since Nov 2007
  • AddedGEWECKE, ROGER, LELAND (JR) · DIRECTOR · Less than 5% · control person
Mar 21, 2012 filing
  • ChangedBROWN, JAMES, ROBERT · no longer a control person
Mar 19, 2012 filing
  • No longer listedHUNT, JON, COWELL · DIRECTOR · Less than 5% · listed since Jun 1999
  • AddedFREEMAN, WILLIAM, JAY · DIRECTOR · Less than 5% · control person
Dec 5, 2011 filing (earliest on record)
  • ListedADLER, RICHARD, HOWARD · DIRECTOR · Less than 5%
  • ListedBARBER, CAROLYN, SWABB · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ListedBOYLE, PETER, JAMES · PRESIDENT & DIRECTOR · Less than 5% · control person
  • ListedBROWN, JAMES, ROBERT · CHIEF FINANCIAL OFFICER & SECRETARY · Less than 5% · control person
  • ListedCCM HOLDINGS LLC · MEMBER · 10–25%
  • ListedCCM NEWCO III, INC. · MEMBER · 25–50% · control person
  • ListedCITY NATIONAL CORPORATION · SHAREHOLDER · 75% or more · indirect via CCM NEWCO III, INC. · control person
  • ListedCITY NATIONAL CORPORATION · SHAREHOLDER · 75% or more · indirect via CONVERGENT CAPITAL MANAGEMENT, LLC. · control person
  • ListedCONVERGENT CAPITAL MANAGEMENT LLC · INTEREST HOLDER · 25–50% · control person
  • ListedCONVERGENT CAPITAL MANAGEMENT LLC · SHAREHOLDER · 75% or more · indirect via CCM NEWCO III, INC. · control person
  • ListedCONVERGENT CAPITAL MANAGEMENT LLC · MEMBER · 75% or more · indirect via CCM HOLDINGS LLC · control person
  • ListedDAVIS, MICHAEL, GEORGE · DIRECTOR · Less than 5% · control person
  • ListedHUNT, JON, COWELL · DIRECTOR · Less than 5%
  • ListedPRAY, MAXWELL, RAMSEY · DIRECTOR · Less than 5% · control person
  • ListedTAYLOR, LINDA, DAVIS · CHAIRMAN & CEO · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

CLIFFORD SWAN INVESTMENT COUNSEL LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 APPLE INC AAPL 037833100 $184.4M 5.92% 637,332 SH
2 ALPHABET INC GOOGL 02079K305 $132.7M 4.26% 371,310 SH
3 MICROSOFT CORP MSFT 594918104 $110.1M 3.53% 295,173 SH
4 UNITED PARCEL SVCS INC UPS 911312106 $100.8M 3.24% 938,020 SH
5 COSTCO WHOLESALE CORPORATION COST 22160K105 $89.0M 2.86% 95,154 SH
6 ARISTA NETWORKS INC ANET 040413205 $82.1M 2.63% 483,146 SH
7 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $79.8M 2.56% 159,434 SH
8 JPMORGAN CHASE & CO JPM 46625H100 $57.0M 1.83% 174,259 SH
9 JOHNSON & JOHNSON JNJ 478160104 $52.7M 1.69% 207,571 SH
10 CHEVRON CORPORATION CVX 166764100 $50.4M 1.62% 304,120 SH
11 INTEL CORP INTC 458140100 $47.7M 1.53% 341,399 SH
12 ALPHABET INC GOOG 02079K107 $46.0M 1.48% 130,249 SH
13 LOWES COS INC LOW 548661107 $42.2M 1.35% 191,544 SH
14 AMAZON COM INC AMZN 023135106 $41.6M 1.33% 174,451 SH
15 UNITEDHEALTH GROUP INC UNH 91324P102 $40.6M 1.30% 97,623 SH
16 CISCO SYS INC CSCO 17275R102 $40.1M 1.29% 341,705 SH
17 CATERPILLAR INC CAT 149123101 $40.0M 1.28% 37,571 SH
18 CORTEVA INC CTVA 22052L104 $39.9M 1.28% 471,576 SH
19 EXXON MOBIL CORP XOM 30231G102 $39.1M 1.25% 285,815 SH
20 AMERICAN EXPRESS CO AXP 025816109 $38.6M 1.24% 114,175 SH
21 JOHNSON CONTROLS INTERNATION JCI G51502105 $37.6M 1.21% 257,058 SH
22 FASTENAL CO FAST 311900104 $36.6M 1.17% 762,202 SH
23 ABBVIE INC ABBV 00287Y109 $36.5M 1.17% 145,023 SH
24 RTX CORPORATION RTX 75513E101 $35.9M 1.15% 189,294 SH
25 WELLS FARGO & CO WFC 949746101 $35.1M 1.13% 425,207 SH
26 EMERSON ELEC CO EMR 291011104 $34.9M 1.12% 243,559 SH
27 ALLISON TRANSMISSION HLDGS I ALSN 01973R101 $34.7M 1.11% 308,137 SH
28 ORACLE CORP ORCL 68389X105 $34.4M 1.10% 234,843 SH
29 ENTEGRIS INC ENTG 29362U104 $27.7M 0.89% 153,893 SH
30 QUALCOMM INC QCOM 747525103 $27.2M 0.87% 147,414 SH
31 ACCENTURE PLC IRELAND ACN G1151C101 $27.1M 0.87% 217,676 SH
32 BOOKING HOLDINGS INC BKNG 09857L108 $27.1M 0.87% 151,856 SH
33 KEYSIGHT TECHNOLOGIES INC KEYS 49338L103 $26.8M 0.86% 76,427 SH
34 LABCORP HOLDINGS INC LH 504922105 $26.3M 0.84% 93,943 SH
35 MCKESSON CORP MCK 58155Q103 $26.2M 0.84% 34,614 SH
36 PARKER-HANNIFIN CORP PH 701094104 $26.0M 0.83% 26,557 SH
37 STRYKER CORPORATION SYK 863667101 $24.7M 0.79% 78,447 SH
38 SLB LIMITED SLB 806857108 $23.9M 0.77% 513,244 SH
39 SPDR GOLD TR GLD 78463V107 $23.8M 0.76% 64,572 SH
40 EDWARDS LIFESCIENCES CORP EW 28176E108 $22.2M 0.71% 245,113 SH
41 HEWLETT PACKARD ENTERPRISE C HPE 42824C109 $21.4M 0.69% 474,693 SH
42 PROCTER & GAMBLE CO PG 742718109 $21.0M 0.67% 143,039 SH
43 SYSCO CORP SYY 871829107 $20.8M 0.67% 248,715 SH
44 MCDONALDS CORP MCD 580135101 $20.7M 0.66% 76,533 SH
45 TRACTOR SUPPLY CO TSCO 892356106 $20.3M 0.65% 641,378 SH
46 PEPSICO INC PEP 713448108 $19.9M 0.64% 147,304 SH
47 MONDELEZ INTL INC MDLZ 609207105 $19.1M 0.61% 330,595 SH
48 AGILENT TECHNOLOGIES INC A 00846U101 $19.0M 0.61% 142,933 SH
49 INTUIT INTU 461202103 $18.8M 0.60% 71,944 SH
50 ABBOTT LABORATORIES ABT 002824100 $18.1M 0.58% 199,557 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-20 $3.12B 408 0001034642-26-000003
2026-03-31 2026-05-06 $2.94B 401 0001034642-26-000002
2025-12-31 2026-02-11 $3.01B 392 0001034642-26-000001
Filer Information
Address
177 E. COLORADO BLVD
SUITE 550
PASADENA, CA 91105
Phone
(626) 792-2228
Filing Manager
CLIFFORD SWAN INVESTMENT COUNSEL LLC
PASADENA, CA
Signatory
Peter J. Boyle
CEO