Clifford Swan Investment Counsel

Clifford Swan Investment Counsel as of Dec. 31, 2010

Portfolio Holdings for Clifford Swan Investment Counsel

Clifford Swan Investment Counsel holds 225 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Hewlett-Packard Company 5.0 $49M 1.2M 42.10
Exxon Mobil Corporation (XOM) 4.6 $46M 625k 73.12
United Parcel Service (UPS) 3.7 $37M 505k 72.58
Schlumberger (SLB) 3.4 $33M 398k 83.50
International Business Machines (IBM) 3.0 $30M 202k 146.76
Chevron Corporation (CVX) 2.6 $26M 286k 91.25
General Electric Company 2.6 $26M 1.4M 18.29
Johnson & Johnson (JNJ) 2.5 $25M 397k 61.85
Costco Wholesale Corporation (COST) 2.3 $23M 314k 72.21
Walgreen Company 2.2 $21M 547k 38.96
Procter & Gamble Company (PG) 2.1 $21M 319k 64.33
Wells Fargo & Company (WFC) 2.0 $20M 629k 30.99
Johnson Controls 1.9 $19M 497k 38.20
Accenture (ACN) 1.9 $19M 385k 48.49
Intel Corporation (INTC) 1.8 $18M 851k 21.03
Cisco Systems (CSCO) 1.7 $17M 823k 20.23
Sigma-Aldrich Corporation 1.7 $17M 250k 66.56
Jacobs Engineering 1.7 $17M 361k 45.85
Abbott Laboratories (ABT) 1.6 $16M 336k 47.91
Emerson Electric (EMR) 1.6 $15M 268k 57.17
Lowe's Companies (LOW) 1.6 $15M 609k 25.08
Colgate-Palmolive Company (CL) 1.5 $15M 183k 80.37
Berkshire Hathaway (BRK.B) 1.5 $15M 183k 80.11
Microsoft Corporation (MSFT) 1.5 $15M 523k 27.91
Stryker Corporation (SYK) 1.3 $13M 244k 53.70
Agilent Technologies Inc C ommon (A) 1.3 $13M 315k 41.43
ConocoPhillips (COP) 1.3 $13M 187k 68.10
Oracle Corporation (ORCL) 1.3 $13M 400k 31.30
Bank of New York Mellon Corporation (BK) 1.2 $12M 409k 30.20
Pepsi (PEP) 1.2 $12M 188k 65.33
Philip Morris International (PM) 1.2 $12M 199k 58.53
JPMorgan Chase & Co. (JPM) 1.1 $10M 243k 42.42
3M Company (MMM) 1.0 $10M 117k 86.30
Precision Castparts 1.0 $10M 72k 139.21
McDonald's Corporation (MCD) 1.0 $9.9M 129k 76.76
SYSCO Corporation (SYY) 0.9 $9.3M 317k 29.40
BP (BP) 0.9 $9.1M 207k 44.17
Pfizer (PFE) 0.9 $8.8M 505k 17.51
Transocean (RIG) 0.9 $8.6M 124k 69.51
Wal-Mart Stores (WMT) 0.9 $8.5M 158k 53.93
Kohl's Corporation (KSS) 0.9 $8.5M 156k 54.34
Ingersoll-rand Co Ltd-cl A 0.8 $8.3M 177k 47.09
Nucor Corporation (NUE) 0.7 $7.2M 165k 43.82
Novartis (NVS) 0.7 $7.1M 120k 58.95
Monsanto Company 0.7 $6.5M 93k 69.64
Public Storage (PSA) 0.6 $6.2M 61k 101.43
At&t (T) 0.6 $5.7M 195k 29.38
Altria (MO) 0.6 $5.7M 233k 24.62
Goldman Sachs (GS) 0.6 $5.6M 33k 168.17
Automatic Data Processing (ADP) 0.6 $5.6M 121k 46.28
Verizon Communications (VZ) 0.6 $5.4M 152k 35.78
Target Corporation (TGT) 0.5 $5.3M 88k 60.13
Honeywell International (HON) 0.5 $5.3M 99k 53.16
Medtronic 0.5 $5.0M 134k 37.09
C.R. Bard 0.5 $4.9M 54k 91.76
EMC Corporation 0.5 $4.6M 201k 22.90
BRE Properties 0.5 $4.5M 104k 43.50
Home Depot (HD) 0.5 $4.4M 126k 35.06
American Express Company (AXP) 0.4 $4.3M 100k 42.92
Bristol Myers Squibb (BMY) 0.4 $4.2M 159k 26.48
Amgen (AMGN) 0.4 $4.2M 77k 54.90
Vodafone 0.4 $4.1M 154k 26.44
Nike (NKE) 0.4 $3.8M 44k 85.43
Teva Pharmaceutical Industries (TEVA) 0.3 $3.4M 65k 52.13
Kraft Foods 0.3 $3.4M 107k 31.51
Caterpillar (CAT) 0.3 $3.2M 34k 93.66
Walt Disney Company (DIS) 0.3 $3.3M 87k 37.51
United Technologies Corporation 0.3 $3.3M 42k 78.72
Illinois Tool Works (ITW) 0.3 $3.1M 59k 53.41
Apache Corporation 0.3 $3.0M 25k 119.24
Cummins (CMI) 0.3 $3.0M 27k 110.00
Boeing Company (BA) 0.3 $3.0M 46k 65.27
Royal Dutch Shell 0.3 $3.0M 45k 66.79
Texas Instruments Incorporated (TXN) 0.3 $2.9M 91k 32.50
Adobe Systems Incorporated (ADBE) 0.3 $2.9M 94k 30.78
Coca-Cola Company (KO) 0.3 $2.6M 40k 65.76
Albemarle Corporation (ALB) 0.3 $2.6M 47k 55.79
H.J. Heinz Company 0.2 $2.5M 51k 49.45
Pall Corporation 0.2 $2.4M 48k 49.58
Berkshire Hathaway (BRK.A) 0.2 $2.4M 20.00 120450.00
Merck & Co (MRK) 0.2 $2.2M 61k 36.04
Clorox Company (CLX) 0.2 $2.1M 33k 63.28
Intuit (INTU) 0.2 $2.1M 43k 49.30
Allscripts Healthcare Solutions (MDRX) 0.2 $1.9M 97k 19.27
Northrop Grumman Corporation (NOC) 0.2 $1.7M 26k 64.77
Becton, Dickinson and (BDX) 0.2 $1.7M 20k 84.50
Plains All American Pipeline (PAA) 0.2 $1.7M 27k 62.80
Genworth Financial (GNW) 0.2 $1.6M 122k 13.14
Ecolab (ECL) 0.1 $1.5M 30k 50.42
Apple (AAPL) 0.1 $1.5M 4.7k 322.57
Baldor Electric Company 0.1 $1.5M 24k 63.04
Bank of America Corporation (BAC) 0.1 $1.4M 107k 13.34
Union Pacific Corporation (UNP) 0.1 $1.4M 15k 92.66
Kellogg Company (K) 0.1 $1.3M 26k 51.10
NewMarket Corporation (NEU) 0.1 $1.2M 10k 123.40
Templeton Global Income Fund (SABA) 0.1 $1.2M 115k 10.70
1/100 Berkshire Htwy Cla 100 0.1 $1.3M 1.1k 1204.55
Lockheed Martin Corporation (LMT) 0.1 $1.2M 17k 69.89
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.1 $1.1M 19k 58.74
Oneok Partners 0.1 $1.2M 15k 79.52
Magellan Midstream Partners 0.1 $1.2M 20k 56.52
Spdr S&p 500 Etf (SPY) 0.1 $1.1M 8.8k 125.75
Canon (CAJPY) 0.1 $1.1M 21k 51.34
Western Asset Income Fund (PAI) 0.1 $1.1M 84k 12.89
Plum Creek Timber 0.1 $999k 27k 37.44
Occidental Petroleum Corporation (OXY) 0.1 $964k 9.8k 98.07
Qualcomm (QCOM) 0.1 $1.0M 20k 49.47
Minerals Technologies (MTX) 0.1 $937k 14k 65.41
Baxter International (BAX) 0.1 $901k 18k 50.62
BMC Software 0.1 $867k 18k 47.12
Kimberly-Clark Corporation (KMB) 0.1 $905k 14k 63.02
Energizer Holdings 0.1 $897k 12k 72.93
Sempra Energy (SRE) 0.1 $838k 16k 52.47
Enbridge Energy Partners 0.1 $914k 15k 62.35
PPG Industries (PPG) 0.1 $811k 9.6k 84.09
Casey's General Stores (CASY) 0.1 $777k 18k 42.52
Marsh & McLennan Companies (MMC) 0.1 $755k 28k 27.36
Tootsie Roll Industries (TR) 0.1 $780k 27k 28.96
SPDR Dow Jones Industrial Average ETF (DIA) 0.1 $815k 7.1k 115.60
Equity Residential (EQR) 0.1 $690k 13k 51.98
Vanguard Short-Term Bond ETF (BSV) 0.1 $676k 8.4k 80.43
SPDR S&P Dividend (SDY) 0.1 $681k 13k 51.98
America Movil Sab De Cv spon adr l 0.1 $630k 11k 57.38
Norfolk Southern (NSC) 0.1 $598k 9.5k 62.78
Bed Bath & Beyond 0.1 $546k 11k 49.19
E.I. du Pont de Nemours & Company 0.1 $596k 12k 49.90
UnitedHealth (UNH) 0.1 $574k 16k 36.10
Google 0.1 $598k 1.0k 594.43
Meredith Corporation 0.1 $575k 17k 34.64
SPDR Gold Trust (GLD) 0.1 $551k 4.0k 138.79
Edison International (EIX) 0.1 $555k 14k 38.63
Tredegar Corporation (TG) 0.1 $581k 30k 19.37
Chubb Corporation 0.1 $511k 8.6k 59.70
McGraw-Hill Companies 0.1 $447k 12k 36.43
Avery Dennison Corporation (AVY) 0.1 $492k 12k 42.35
Dow Chemical Company 0.1 $466k 14k 34.17
Nordstrom (JWN) 0.1 $458k 11k 42.36
Anadarko Petroleum Corporation 0.1 $523k 6.9k 76.13
GlaxoSmithKline 0.1 $458k 12k 39.22
Wisconsin Energy Corporation 0.1 $454k 7.7k 58.86
Southern Company (SO) 0.1 $475k 12k 38.23
Wesco Financial Corporation 0.1 $453k 1.2k 368.29
Zimmer Holdings (ZBH) 0.1 $473k 8.8k 53.65
Realty Income (O) 0.1 $479k 14k 34.22
iShares Dow Jones US Home Const. (ITB) 0.1 $475k 36k 13.18
Utilities SPDR (XLU) 0.1 $501k 16k 31.31
Lincoln National Corporation (LNC) 0.0 $367k 13k 27.83
Peabody Energy Corporation 0.0 $413k 6.5k 63.96
Consolidated Edison (ED) 0.0 $373k 7.5k 49.52
Medco Health Solutions 0.0 $398k 6.5k 61.33
Campbell Soup Company (CPB) 0.0 $417k 12k 34.75
Computer Sciences Corporation 0.0 $388k 7.8k 49.62
News Corporation 0.0 $396k 27k 14.54
Nextera Energy (NEE) 0.0 $428k 8.2k 51.94
iShares MSCI EAFE Index Fund (EFA) 0.0 $376k 6.5k 58.18
Verigy 0.0 $390k 30k 13.02
Novo Nordisk A/S (NVO) 0.0 $361k 3.2k 112.46
Sara Lee 0.0 $366k 21k 17.51
Enbridge Energy Management 0.0 $382k 6.0k 63.79
Marathon Oil Corporation (MRO) 0.0 $399k 11k 37.06
Sovran Self Storage 0.0 $420k 11k 36.84
Rockwell Automation (ROK) 0.0 $432k 6.0k 71.74
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.0 $355k 3.4k 104.41
EG Shares DJ Emerging Mark. Met & Min (EMT) 0.0 $393k 17k 23.39
Western Asset Premier Bond Fund (WEA) 0.0 $347k 25k 14.15
Boswell J G Co Bwel (BWEL) 0.0 $428k 570.00 750.88
Inland American Reit 0.0 $395k 49k 8.03
Comcast Corporation (CMCSA) 0.0 $258k 12k 21.99
Corning Incorporated (GLW) 0.0 $307k 16k 19.31
Eli Lilly & Co. (LLY) 0.0 $284k 8.1k 34.98
Dominion Resources (D) 0.0 $252k 5.9k 42.74
FirstEnergy (FE) 0.0 $316k 8.5k 36.98
W.W. Grainger (GWW) 0.0 $290k 2.1k 138.23
Morgan Stanley (MS) 0.0 $304k 11k 27.18
Comerica Incorporated (CMA) 0.0 $259k 6.1k 42.31
Rockwell Collins 0.0 $265k 4.5k 58.34
Unilever 0.0 $328k 11k 31.38
Citi 0.0 $291k 62k 4.73
TJX Companies (TJX) 0.0 $282k 6.4k 44.40
Starbucks Corporation (SBUX) 0.0 $319k 9.9k 32.14
Marriott International (MAR) 0.0 $266k 6.4k 41.55
Cintas Corporation (CTAS) 0.0 $280k 10k 28.00
Toll Brothers (TOL) 0.0 $311k 16k 19.02
Frontier Communications 0.0 $334k 34k 9.73
Paccar (PCAR) 0.0 $268k 4.7k 57.33
Express Scripts 0.0 $304k 5.6k 54.11
Key (KEY) 0.0 $298k 34k 8.84
PS Business Parks 0.0 $270k 4.9k 55.62
Protective Life 0.0 $330k 12k 26.67
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.0 $318k 2.9k 108.53
SPDR S&P MidCap 400 ETF (MDY) 0.0 $248k 1.5k 164.89
Vanguard Total Stock Market ETF (VTI) 0.0 $277k 4.3k 64.95
iShares S&P NA Tech. Sec. Idx (IGM) 0.0 $311k 5.2k 60.39
Farmers And Merchants Bank (FMBL) 0.0 $290k 73.00 3972.60
MasterCard Incorporated (MA) 0.0 $229k 1.0k 223.85
U.S. Bancorp (USB) 0.0 $219k 8.1k 27.00
Duke Energy Corporation 0.0 $231k 13k 17.85
Eaton Corporation 0.0 $223k 2.2k 101.36
Franklin Resources (BEN) 0.0 $215k 1.9k 111.17
T. Rowe Price (TROW) 0.0 $200k 3.1k 64.52
Progress Energy 0.0 $231k 5.3k 43.55
Matthews International Corporation (MATW) 0.0 $231k 6.6k 35.00
Raytheon Company 0.0 $236k 5.1k 46.27
Praxair 0.0 $202k 2.1k 95.33
Exelon Corporation (EXC) 0.0 $237k 5.7k 41.70
Amazon (AMZN) 0.0 $209k 1.2k 180.17
Cedar Fair (FUN) 0.0 $159k 11k 15.20
Seagate Technology Com Stk 0.0 $173k 12k 15.02
Telefonos de Mexico 0.0 $168k 10k 16.15
Cameron International Corporation 0.0 $208k 4.1k 50.79
iShares S&P MidCap 400 Index (IJH) 0.0 $245k 2.7k 90.74
iShares S&P SmallCap 600 Index (IJR) 0.0 $229k 3.4k 68.36
Western Asst High Incm Opprtnty Fnd (HIO) 0.0 $148k 24k 6.07
Vanguard Energy ETF (VDE) 0.0 $234k 2.4k 99.57
Kbs Reit I 0.0 $225k 31k 7.31
Mbia (MBI) 0.0 $135k 11k 12.03
Applied Materials (AMAT) 0.0 $141k 10k 14.10
Nuveen Quality Preferred Income Fund 0.0 $77k 10k 7.40
Nuveen Multi-Strategy Income & Growth (JPC) 0.0 $84k 10k 8.40
Hines Real Estate Investment T 0.0 $125k 12k 10.07
Inland Western Reit 0.0 $95k 14k 6.83
Kbs Reit Ii 0.0 $112k 11k 9.98
Sport Chalet (SPCHA) 0.0 $94k 34k 2.81
American Phonemeter Corp-a 0.0 $0 10k 0.00
Timestrip 0.0 $0 20k 0.00