Clifford Swan Investment Counsel

Clifford Swan Investment Counsel as of Dec. 31, 2012

Portfolio Holdings for Clifford Swan Investment Counsel

Clifford Swan Investment Counsel holds 235 positions in its portfolio as reported in the December 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Exxon Mobil Corporation (XOM) 4.5 $48M 554k 86.55
United Parcel Service (UPS) 3.5 $38M 509k 73.73
General Electric Company 2.9 $31M 1.5M 20.99
International Business Machines (IBM) 2.9 $31M 163k 191.55
Johnson & Johnson (JNJ) 2.8 $30M 433k 70.10
Chevron Corporation (CVX) 2.6 $28M 257k 108.14
Costco Wholesale Corporation (COST) 2.6 $28M 279k 98.73
Accenture (ACN) 2.3 $25M 370k 66.50
Berkshire Hathaway (BRK.B) 2.3 $24M 272k 89.70
Schlumberger (SLB) 2.3 $24M 352k 69.30
Wells Fargo & Company (WFC) 2.2 $24M 696k 34.18
Abbott Laboratories (ABT) 2.0 $21M 327k 65.50
Colgate-Palmolive Company (CL) 1.9 $20M 192k 104.54
Lowe's Companies (LOW) 1.9 $20M 563k 35.52
Johnson Controls 1.8 $20M 643k 30.67
Procter & Gamble Company (PG) 1.8 $19M 286k 67.89
Apple (AAPL) 1.8 $19M 36k 532.18
Microsoft Corporation (MSFT) 1.5 $16M 612k 26.71
Sigma-Aldrich Corporation 1.5 $16M 222k 73.58
Oracle Corporation (ORCL) 1.5 $16M 488k 33.32
Emerson Electric (EMR) 1.5 $16M 300k 52.96
Hewlett-Packard Company 1.5 $16M 1.1M 14.25
ConocoPhillips (COP) 1.4 $15M 260k 57.99
Stryker Corporation (SYK) 1.4 $15M 270k 54.82
Pfizer (PFE) 1.4 $15M 578k 25.08
Intel Corporation (INTC) 1.3 $14M 686k 20.62
Bank of New York Mellon Corporation (BK) 1.3 $14M 543k 25.70
Philip Morris International (PM) 1.3 $14M 165k 83.64
JPMorgan Chase & Co. (JPM) 1.3 $14M 312k 43.97
Walgreen Company 1.3 $14M 368k 37.01
Pepsi (PEP) 1.2 $13M 193k 68.43
Cisco Systems (CSCO) 1.2 $13M 662k 19.65
3M Company (MMM) 1.1 $11M 123k 92.85
Precision Castparts 1.1 $11M 60k 189.43
McDonald's Corporation (MCD) 1.0 $11M 126k 88.21
Kohl's Corporation (KSS) 1.0 $11M 258k 42.98
Nucor Corporation (NUE) 1.0 $11M 247k 43.16
SYSCO Corporation (SYY) 1.0 $11M 335k 31.66
Jacobs Engineering 1.0 $11M 247k 42.57
Agilent Technologies Inc C ommon (A) 1.0 $10M 250k 40.94
Wal-Mart Stores (WMT) 0.8 $9.0M 132k 68.23
Vanguard Short Term Corporate Bond ETF (VCSH) 0.8 $8.4M 105k 80.32
BP (BP) 0.8 $8.2M 197k 41.64
Novartis (NVS) 0.7 $7.0M 111k 63.30
United Technologies Corporation 0.7 $7.0M 86k 82.01
Transocean (RIG) 0.6 $6.9M 155k 44.66
Qualcomm (QCOM) 0.6 $6.8M 110k 61.86
Caterpillar (CAT) 0.6 $6.5M 72k 89.61
Public Storage (PSA) 0.6 $6.5M 45k 144.95
At&t (T) 0.6 $6.3M 187k 33.71
Honeywell International (HON) 0.6 $6.2M 98k 63.47
C.R. Bard 0.6 $5.9M 60k 97.74
Automatic Data Processing (ADP) 0.5 $5.8M 102k 56.93
Verizon Communications (VZ) 0.5 $5.8M 133k 43.27
Altria (MO) 0.5 $5.7M 183k 31.44
Home Depot (HD) 0.5 $5.6M 90k 61.85
Illinois Tool Works (ITW) 0.5 $5.5M 91k 60.81
Ingersoll-rand Co Ltd-cl A 0.5 $5.5M 114k 47.96
Laboratory Corp. of America Holdings (LH) 0.5 $5.3M 62k 86.61
Amgen (AMGN) 0.5 $5.1M 60k 86.19
Bristol Myers Squibb (BMY) 0.5 $5.0M 154k 32.59
Monsanto Company 0.4 $4.7M 50k 94.66
Teva Pharmaceutical Industries (TEVA) 0.4 $4.6M 123k 37.34
BRE Properties 0.4 $4.4M 87k 50.83
Nike (NKE) 0.4 $4.3M 84k 51.60
Vodafone 0.4 $4.2M 167k 25.19
Target Corporation (TGT) 0.4 $3.9M 66k 59.18
Templeton Global Income Fund (SABA) 0.4 $4.0M 426k 9.44
Walt Disney Company (DIS) 0.4 $3.9M 78k 49.79
Merck & Co (MRK) 0.4 $3.9M 96k 40.94
American Express Company (AXP) 0.3 $3.8M 66k 57.48
Medtronic 0.3 $3.7M 91k 41.02
EMC Corporation 0.3 $3.6M 143k 25.30
Apache Corporation 0.3 $3.5M 45k 78.51
Goldman Sachs (GS) 0.3 $3.3M 26k 127.55
Texas Instruments Incorporated (TXN) 0.3 $3.3M 108k 30.89
H.J. Heinz Company 0.3 $3.3M 57k 57.68
PIMCO Enhanced Short Mat Str Fund ETF (MINT) 0.3 $3.3M 32k 101.48
Life Technologies 0.3 $3.3M 66k 49.03
Plains All American Pipeline (PAA) 0.3 $3.2M 71k 45.24
Boeing Company (BA) 0.3 $3.1M 41k 75.36
Royal Dutch Shell 0.3 $2.9M 43k 68.94
Cummins (CMI) 0.2 $2.7M 25k 108.36
Berkshire Hathaway (BRK.A) 0.2 $2.7M 20.00 134050.00
Albemarle Corporation (ALB) 0.2 $2.5M 40k 62.12
NewMarket Corporation (NEU) 0.2 $2.4M 9.0k 262.22
Pall Corporation 0.2 $2.2M 37k 60.26
Intuit (INTU) 0.2 $2.2M 37k 59.47
Mondelez Int (MDLZ) 0.2 $2.2M 86k 25.46
Coca-Cola Company (KO) 0.2 $1.8M 51k 36.26
Ecolab (ECL) 0.2 $1.9M 26k 71.89
Northrop Grumman Corporation (NOC) 0.2 $1.8M 27k 67.59
Lockheed Martin Corporation (LMT) 0.2 $1.7M 19k 92.28
Clorox Company (CLX) 0.2 $1.8M 24k 73.20
Magellan Midstream Partners 0.2 $1.8M 41k 43.18
Spdr S&p 500 Etf (SPY) 0.1 $1.6M 11k 142.38
Enbridge Energy Partners 0.1 $1.6M 57k 27.90
Oneok Partners 0.1 $1.6M 30k 53.98
Bank of America Corporation (BAC) 0.1 $1.4M 122k 11.61
Union Pacific Corporation (UNP) 0.1 $1.4M 11k 125.74
Becton, Dickinson and (BDX) 0.1 $1.4M 18k 78.20
Kellogg Company (K) 0.1 $1.4M 25k 55.84
Western Asset Income Fund (PAI) 0.1 $1.3M 91k 14.82
Vanguard Short-Term Bond ETF (BSV) 0.1 $1.3M 16k 80.97
1/100 Berkshire Htwy Cla 100 0.1 $1.3M 1.0k 1341.00
Kraft Foods 0.1 $1.3M 29k 45.46
Plum Creek Timber 0.1 $1.2M 27k 44.37
Vanguard Intermediate-Term Bond ETF (BIV) 0.1 $1.1M 13k 88.23
Minerals Technologies (MTX) 0.1 $1.1M 29k 39.93
Phillips 66 (PSX) 0.1 $1.2M 23k 53.12
Baxter International (BAX) 0.1 $1.1M 16k 66.69
E.I. du Pont de Nemours & Company 0.1 $1.0M 23k 44.99
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.1 $1.0M 16k 65.16
Vanguard Emerging Markets ETF (VWO) 0.1 $1.0M 23k 44.54
Vanguard Total Bond Market ETF (BND) 0.1 $1.1M 13k 84.06
Pimco Total Return Etf totl (BOND) 0.1 $1.1M 9.9k 109.04
Casey's General Stores (CASY) 0.1 $914k 17k 53.07
Marsh & McLennan Companies (MMC) 0.1 $927k 27k 34.46
Utilities SPDR (XLU) 0.1 $940k 27k 34.91
Kimberly-Clark Corporation (KMB) 0.1 $860k 10k 84.41
UnitedHealth (UNH) 0.1 $825k 15k 54.25
Google 0.1 $894k 1.3k 707.28
SPDR Gold Trust (GLD) 0.1 $836k 5.2k 162.02
General Mills (GIS) 0.1 $767k 19k 40.43
Occidental Petroleum Corporation (OXY) 0.1 $735k 9.6k 76.61
Sempra Energy (SRE) 0.1 $769k 11k 70.94
Edison International (EIX) 0.1 $774k 17k 45.18
Realty Income (O) 0.1 $789k 20k 40.20
Eaton (ETN) 0.1 $736k 14k 54.19
Chubb Corporation 0.1 $662k 8.8k 75.31
McGraw-Hill Companies 0.1 $611k 11k 54.70
Equity Residential (EQR) 0.1 $608k 11k 56.65
Anadarko Petroleum Corporation 0.1 $604k 8.1k 74.26
iShares MSCI EAFE Index Fund (EFA) 0.1 $600k 11k 56.88
TJX Companies (TJX) 0.1 $692k 16k 42.46
Amazon (AMZN) 0.1 $679k 2.7k 250.83
Valmont Industries (VMI) 0.1 $696k 5.1k 136.47
Duke Energy (DUK) 0.1 $666k 10k 63.77
America Movil Sab De Cv spon adr l 0.1 $516k 22k 23.13
MasterCard Incorporated (MA) 0.1 $560k 1.1k 491.23
Norfolk Southern (NSC) 0.1 $582k 9.4k 61.88
Spdr S&p 500 Etf (SPY) 0.1 $509k 3.6k 142.38
Energizer Holdings 0.1 $520k 6.5k 80.00
Deere & Company (DE) 0.1 $555k 6.4k 86.38
GlaxoSmithKline 0.1 $497k 11k 43.46
News Corporation 0.1 $512k 20k 25.53
Wisconsin Energy Corporation 0.1 $557k 15k 36.82
Southern Company (SO) 0.1 $553k 13k 42.79
Novo Nordisk A/S (NVO) 0.1 $537k 3.3k 163.32
Zimmer Holdings (ZBH) 0.1 $560k 8.4k 66.71
Meredith Corporation 0.1 $551k 16k 34.44
SPX Corporation 0.1 $484k 6.9k 70.14
Sovran Self Storage 0.1 $537k 8.7k 62.08
iShares Dow Jones US Home Const. (ITB) 0.1 $583k 28k 21.17
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.1 $579k 5.5k 105.56
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.1 $548k 23k 24.31
Express Scripts Holding 0.1 $489k 9.1k 54.03
Consolidated Edison (ED) 0.0 $406k 7.3k 55.56
FirstEnergy (FE) 0.0 $402k 9.6k 41.80
Coach 0.0 $381k 6.9k 55.50
PPG Industries (PPG) 0.0 $477k 3.5k 135.47
W.W. Grainger (GWW) 0.0 $425k 2.1k 202.57
Campbell Soup Company (CPB) 0.0 $405k 12k 34.92
Nextera Energy (NEE) 0.0 $390k 5.6k 69.15
Unilever 0.0 $466k 12k 38.27
Enbridge Energy Management 0.0 $426k 15k 28.86
Tredegar Corporation (TG) 0.0 $408k 20k 20.40
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.0 $407k 3.4k 121.13
SPDR S&P MidCap 400 ETF (MDY) 0.0 $386k 2.1k 185.67
Consumer Discretionary SPDR (XLY) 0.0 $378k 8.0k 47.40
SPDR S&P Dividend (SDY) 0.0 $449k 7.7k 58.12
iShares S&P Cal AMTFr Mncpl Bnd (CMF) 0.0 $435k 3.8k 115.23
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 0.0 $401k 4.6k 87.65
Pimco Commmodity Real Return S (PCRAX) 0.0 $423k 65k 6.51
Boswell J G Co Bwel (BWEL) 0.0 $462k 565.00 817.70
Comcast Corporation (CMCSA) 0.0 $370k 9.9k 37.36
Genworth Financial (GNW) 0.0 $316k 42k 7.50
Lincoln National Corporation (LNC) 0.0 $307k 12k 25.88
Eli Lilly & Co. (LLY) 0.0 $330k 6.7k 49.34
Dominion Resources (D) 0.0 $305k 5.9k 51.73
Dow Chemical Company 0.0 $319k 9.9k 32.35
Nordstrom (JWN) 0.0 $300k 5.6k 53.55
iShares MSCI EAFE Index Fund (EFA) 0.0 $307k 5.4k 56.89
Starbucks Corporation (SBUX) 0.0 $276k 5.2k 53.59
Marathon Oil Corporation (MRO) 0.0 $311k 10k 30.64
Cedar Fair (FUN) 0.0 $350k 11k 33.46
Industrial SPDR (XLI) 0.0 $340k 9.0k 37.92
PS Business Parks 0.0 $315k 4.9k 64.89
Rockwell Automation (ROK) 0.0 $341k 4.1k 83.99
iShares Russell 1000 Growth Index (IWF) 0.0 $315k 4.8k 65.52
Vanguard Financials ETF (VFH) 0.0 $286k 8.4k 34.05
Consumer Staples Select Sect. SPDR (XLP) 0.0 $269k 7.7k 34.94
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.0 $368k 3.3k 110.68
Vanguard FTSE All-World ex-US ETF (VEU) 0.0 $356k 7.8k 45.79
Vanguard Information Technology ETF (VGT) 0.0 $311k 4.5k 69.11
iShares MSCI Israel Capped Inv Mar ETF (EIS) 0.0 $343k 8.2k 41.85
Western Asset Premier Bond Fund (WEA) 0.0 $356k 23k 15.53
HSBC Holdings (HSBC) 0.0 $206k 3.9k 52.98
U.S. Bancorp (USB) 0.0 $219k 6.8k 32.00
Health Care SPDR (XLV) 0.0 $227k 5.7k 39.82
Adobe Systems Incorporated (ADBE) 0.0 $204k 5.4k 37.60
Avery Dennison Corporation (AVY) 0.0 $214k 6.1k 34.93
Matthews International Corporation (MATW) 0.0 $212k 6.6k 32.12
AstraZeneca (AZN) 0.0 $214k 4.5k 47.28
Allstate Corporation (ALL) 0.0 $268k 6.7k 40.17
Praxair 0.0 $218k 2.0k 109.33
iShares Russell 1000 Value Index (IWD) 0.0 $227k 3.1k 72.87
Exelon Corporation (EXC) 0.0 $232k 7.8k 29.75
Tootsie Roll Industries (TR) 0.0 $208k 8.0k 25.92
ConAgra Foods (CAG) 0.0 $212k 7.2k 29.44
Paccar (PCAR) 0.0 $201k 4.5k 45.17
Enterprise Products Partners (EPD) 0.0 $227k 4.5k 50.11
Key (KEY) 0.0 $167k 20k 8.43
BHP Billiton (BHP) 0.0 $239k 3.0k 78.39
Protective Life 0.0 $264k 9.2k 28.57
SPDR Dow Jones Industrial Average ETF (DIA) 0.0 $229k 1.8k 130.86
iShares iBoxx $ High Yid Corp Bond (HYG) 0.0 $204k 2.2k 93.36
Roche Holding (RHHBY) 0.0 $252k 5.0k 50.55
Vanguard Emerging Markets ETF (VWO) 0.0 $208k 4.7k 44.46
Vanguard Information Technology ETF (VGT) 0.0 $207k 3.0k 69.00
EG Shares DJ Emerging Mark. Met & Min (EMT) 0.0 $258k 18k 14.49
iShares S&P NA Tech. Sec. Idx (IGM) 0.0 $219k 3.3k 67.38
Vanguard Energy ETF (VDE) 0.0 $215k 2.1k 102.38
Farmers And Merchants Bank (FMBL) 0.0 $259k 60.00 4316.67
Roche Hldgs Ag Genusscheine Np (RHHVF) 0.0 $200k 1.0k 200.00
Marathon Petroleum Corp (MPC) 0.0 $230k 3.7k 63.01
Pimco California Muni Income F 0.0 $183k 12k 15.96
Frontier Communications 0.0 $86k 20k 4.26
Western Asst High Incm Opprtnty Fnd (HIO) 0.0 $157k 24k 6.44
Nuveen Quality Preferred Income Fund 0.0 $97k 11k 8.71
Jones Lang Lasalle Incm. Real aa 0.0 $124k 12k 9.99
Liquidmetal Technologies (LQMT) 0.0 $1.0k 10k 0.10
Sport Chalet (SPCHA) 0.0 $46k 28k 1.64
Cotton & Western Mining 0.0 $0 1.0M 0.00
Cathay Intl Hld 0.0 $8.9k 19k 0.47