0001034642-12-000002.txt : 20120509
0001034642-12-000002.hdr.sgml : 20120509
20120509152152
ACCESSION NUMBER: 0001034642-12-000002
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120331
FILED AS OF DATE: 20120509
DATE AS OF CHANGE: 20120509
EFFECTIVENESS DATE: 20120509
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: CLIFFORD SWAN INVESTMENT COUNSEL LLC
CENTRAL INDEX KEY: 0001034642
IRS NUMBER: 954749812
STATE OF INCORPORATION: CA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-06208
FILM NUMBER: 12825412
BUSINESS ADDRESS:
STREET 1: 200 SOUTH LOS ROBLES AVE
STREET 2: SUITE 320
CITY: PASADENA
STATE: CA
ZIP: 91101
BUSINESS PHONE: 6267922228
MAIL ADDRESS:
STREET 1: 200 SOUTH LOS ROBLES AVENUE
STREET 2: SUITE 320
CITY: PASADENA
STATE: CA
ZIP: 91101
FORMER COMPANY:
FORMER CONFORMED NAME: CLIFFORD ASSOCIATES LLC
DATE OF NAME CHANGE: 19991223
FORMER COMPANY:
FORMER CONFORMED NAME: CLIFFORD ASSOCIATES INC/CA
DATE OF NAME CHANGE: 19990326
13F-HR
1
form13f033112.txt
FORM 13F FOR THE QUARTER ENDED 03/31/12
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2012
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager filing this report:
Name: Clifford Swan Investment Counsel, LLC
Address: 200 South Los Robles Avenue
Suite 320
Pasadena, California 91101
13F File Number: 28-6208-3
The institutional investment manager filling this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person signing this report on behalf of reporting manager:
Name: Peter J. Boyle
Title: Principal
Phone: 626-792-2228
Signature, Place, and Date of Signing:
PETER J. BOYLE Pasadena, California March 9, 2012
Report Type (check only one.):
[ X ] 13 F HOLDINGS REPORT.
[ ] 13 F NOTICE.
[ ] 13 F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
FORM 13 F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13 F Information Table Entry Total: 220
Form 13 F Information Table Value Total: $1,056,543
List of Other Included Managers:
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
PIMCO California Muni Income F COM 72200N205 162 11463 SH Sole 6303 5160
Nuveen Quality Pfd Income Fd COM 67071s101 85 10400 SH Sole 10400
SPDR Nuveen Barclays Capital COM 78464a425 549 22540 SH Sole 22540
Vanguard Intermediate-Term Cor COM 92206C870 281 3350 SH Sole 3350
Vanguard S/T Corp Bond ETF COM 92206C409 550 6955 SH Sole 6955
Vanguard Short-Term Bond ETF COM 921937827 1098 13569 SH Sole 5700 7869
Western Asset High Income Oppo COM 95766k109 150 24395 SH Sole 24395
Western Asset Income Fund COM 95766T100 1262 86730 SH Sole 24250 62480
Western Asset Premier Bond Fun COM 957664105 385 24211 SH Sole 5650 18561
iShares Barclays 1-3 Year Cred COM 464288646 438 4170 SH Sole 680 3490
iShares S&P California AMT Fre COM 464288356 377 3345 SH Sole 3345
iShares S&P Natl AMT-Free Bond COM 464288414 364 3325 SH Sole 3325
iShares iBoxx $ Inv Grade Corp COM 464287242 373 3229 SH Sole 479 2750
Templeton Global Income Fund COM 880198106 2229 230940 SH Sole 177530 53410
EGShares Emerging Mrkts Metals 268461852 260 16300 SH Sole 14800 1500
SPDR Dow Jones Industrial Avg 78467X109 231 1750 SH Sole 1000 750
SPDR S&P 500 ETF TRUST 78462F103 588 4175 SH Sole 3475 700
SPDR S&P Dividend ETF 78464A763 278 4900 SH Sole 3300 1600
SPDR S&P MidCap 400 78467Y107 376 2079 SH Sole 1684 395
Vanguard FTSE All World ex US 922042775 344 7775 SH Sole 6000 1775
Vanguard Information Technolog 92204A702 223 3000 SH Sole 3000
iShares MSCI Eafe Index Fund 464287465 355 6463 SH Sole 1200 5263
3M Company COM 88579Y101 11514 129066 SH Sole 90581 38485
AT&T Inc. COM 00206R102 6632 212351 SH Sole 160302 52049
Abbott Laboratories COM 002824100 22547 367869 SH Sole 307074 60795
Accenture PLC Cl A COM G1151C101 23536 364895 SH Sole 305138 59757
Adobe Systems COM 00724F101 249 7250 SH Sole 2300 4950
Agilent Technologies COM 00846U101 11333 254609 SH Sole 241917 12692
Albemarle Corp. COM 012653101 2557 40000 SH Sole 40000
Allscripts Healthcare Solution COM 01988P108 8052 485081 SH Sole 435466 49615
Altria Group, Inc. COM 02209S103 5989 193995 SH Sole 149140 44855
Amazon.Com Inc. COM 023135106 251 1241 SH Sole 1241
America Movil S.A. de C.V. Ser COM 02364W105 518 20860 SH Sole 18600 2260
American Express Co. COM 025816109 4547 78592 SH Sole 64557 14035
American Phonemeter Corp-A COM 028870103 0 10000 SH Sole 10000
Amgen, Inc. COM 031162100 3901 57393 SH Sole 45916 11477
Anadarko Petroleum COM 032511107 536 6845 SH Sole 6745 100
Apache Corp COM 037411105 3448 34324 SH Sole 30442 3882
Apple Inc. COM 037833100 14417 24047 SH Sole 21553 2494
Applied Materials Inc. COM 038222105 124 10000 SH Sole 9000 1000
Astrazeneca Plc - Spons ADR COM 046353108 288 6474 SH Sole 6474
Automatic Data Proc. COM 053015103 6125 110975 SH Sole 80280 30695
Avery Dennison Corp. COM 053611109 227 7518 SH Sole 5838 1680
BMC Software Inc. COM 055921100 618 15400 SH Sole 6400 9000
BP PLC - Spons ADR COM 055622104 9522 211596 SH Sole 150481 61115
BRE Properties Cl A COM 05564E106 4490 88827 SH Sole 51025 37802
Bank of America Corp. COM 060505104 1337 139707 SH Sole 118299 21408
Bank of New York Mellon Corp. COM 064058100 12110 501866 SH Sole 452867 48998
Bard (C.R.) COM 067383109 5749 58238 SH Sole 52700 5538
Baxter Intl Inc. COM 071813109 1177 19695 SH Sole 17405 2290
Becton Dickinson & Co. COM 075887109 1401 18038 SH Sole 1038 17000
Bed Bath & Beyond COM 075896100 460 7000 SH Sole 2000 5000
Berkshire Hathaway (100=1 Clas COM 084990175 1219 1000 SH Sole 1000
Berkshire Hathaway A COM 084670108 2438 20 SH Sole 20
Berkshire Hathaway B COM 084670702 19101 235380 SH Sole 196437 38943
Boeing Co. COM 097023105 3255 43772 SH Sole 35412 8360
Boswell J G Co COM 101205102 424 565 SH Sole 565
Bristol-Myers Squibb Co. COM 110122108 5398 159930 SH Sole 106644 53286
Campbell Soup Co. COM 134429109 393 11600 SH Sole 7800 3800
Canon Inc. ADR COM 138006309 607 12736 SH Sole 4287 8449
Casey's General Stores COM 147528103 950 17125 SH Sole 15275 1850
Caterpillar Inc. COM 149123101 4371 41033 SH Sole 33513 7520
Cathay Intl Hld COM G1965E103 9 19000 SH Sole 19000
Cedar Fair L.P. COM 150185106 310 10460 SH Sole 10460
Chevron Corp. COM 166764100 28775 268401 SH Sole 196057 72344
Chubb Corp. COM 171232101 592 8560 SH Sole 8560
Cisco Systems, Inc. COM 17275R102 13333 630405 SH Sole 536204 94202
Clorox Company COM 189054109 1862 27081 SH Sole 18963 8118
Coca-Cola Company COM 191216100 3161 42712 SH Sole 42212 500
Colgate-Palmolive Co. COM 194162103 18690 191147 SH Sole 169142 22005
Comcast Corp. Class A COM 20030N101 330 11006 SH Sole 9859 1147
ConocoPhillips COM 20825C104 14980 197083 SH Sole 167656 29427
Consolidated Edison Ny COM 209115104 434 7433 SH Sole 1183 6250
Costco Wholesale Corp. COM 22160K105 26047 286857 SH Sole 240926 45931
Cotton & Western Mining Inc. COM 221737307 5 1000000 SH Sole 1000000
Cummins Inc COM 231021106 3000 24988 SH Sole 10416 14572
Disney Co., Walt COM 254687106 3612 82500 SH Sole 68829 13671
Dominion Resources Inc. COM 25746U109 302 5896 SH Sole 5896
Dow Chemical Company COM 260543103 460 13291 SH Sole 12020 1271
Du Pont E I De Nemours COM 263534109 775 14642 SH Sole 12183 2459
Duke Energy Corp. COM 26441C105 316 15044 SH Sole 5708 9336
EMC Corporation COM 268648102 4761 159334 SH Sole 144399 14935
Eaton Corp. COM 278058102 222 4450 SH Sole 4450
Ecolab, Inc. COM 278865100 1783 28893 SH Sole 25368 3525
Edison International COM 281020107 745 17530 SH Sole 17530
Emerson Electric Co. COM 291011104 14387 275726 SH Sole 184670 91056
Enbridge Energy Management COM 29250X103 447 14032 SH Sole 12202 1830
Enbridge Energy Partners LP COM 29250R106 1806 58320 SH Sole 48070 10250
Encore Wire Corp. COM 292562105 201 6750 SH Sole 6750
Energizer Holdings, Inc. COM 29266R108 482 6500 SH Sole 6500
Equity Residential COM 29476L107 656 10475 SH Sole 8175 2300
Exelon Corp COM 30161N101 290 7395 SH Sole 3800 3595
Express Scripts Holding Compan COM 30219G108 276 5085 SH Sole 3085 2000
ExxonMobil Corporation COM 30231G102 51634 595341 SH Sole 463051 132290
Farmers and Merchants Bank COM 308243104 269 63 SH Sole 63
FirstEnergy Corp. COM 337932107 438 9618 SH Sole 7951 1667
Frontier Communications Corp. COM 35906A108 97 23210 SH Sole 15026 8184
General Electric Co. COM 369604103 29810 1485314 SH Sole 1200800 284514
General Mills Inc. COM 370334104 748 18970 SH Sole 18570 400
Genworth Financial Inc-Cl A COM 37247D106 472 56673 SH Sole 51953 4720
GlaxoSmithKline PLC-ADR COM 37733W105 556 12388 SH Sole 6718 5670
Goldman Sachs Group Inc. COM 38141G104 3143 25268 SH Sole 22653 2615
Google Inc-CL A COM 38259P508 689 1074 SH Sole 989 85
Grainger Inc., W.W. COM 384802104 451 2098 SH Sole 1478 620
Heinz, H J Company COM 423074103 3062 57172 SH Sole 22745 34427
Hewlett-Packard Co. COM 428236103 27228 1142575 SH Sole 1071081 71494
Hines Real Estate Investment T COM 433264108 103 13197 SH Sole 13197
Home Depot, Inc. COM 437076102 5641 112131 SH Sole 86775 25356
Honeywell Int'l Inc. COM 438516106 6020 98612 SH Sole 98312 300
IShares DJ US Housing COM 464288752 979 66535 SH Sole 66535
Illinois Tool Works Inc. COM 452308109 5047 88352 SH Sole 71839 16513
Ingersoll-Rand PLC COM G47791101 8845 213906 SH Sole 189896 24010
Inland American REIT COM 457281103 569 78833 SH Sole 78833
Intel Corp. COM 458140100 19088 678930 SH Sole 553657 125273
International Bus Mach COM 459200101 40234 192830 SH Sole 152363 40467
Intuit Inc. COM 461202103 2278 37866 SH Sole 34951 2915
J.P. Morgan Chase & Co. COM 46625H100 12479 271405 SH Sole 191831 79574
Jacobs Engineering Group Inc. COM 469814107 14868 335091 SH Sole 289016 46075
Johnson & Johnson COM 478160104 27769 420991 SH Sole 338838 82153
Johnson Controls Inc. COM 478366107 17132 527478 SH Sole 456263 71215
KBS REIT I COM 482422102 273 37343 SH Sole 37343
KBS REIT II COM 48243C109 123 12183 SH Sole 12183
Kellogg Co. COM 487836108 1357 25300 SH Sole 5950 19350
Keycorp New COM 493267108 162 19032 SH Sole 13732 5300
Kimberly-Clark Corp. COM 494368103 806 10911 SH Sole 9326 1585
Kohls Corp COM 500255104 10228 204445 SH Sole 179001 25444
Kraft Foods Inc. COM 50075N104 3379 88910 SH Sole 60284 28626
Laboratory Corp. of America COM 50540R409 1558 17015 SH Sole 14755 2260
Lilly Eli & Co. COM 532457108 322 7993 SH Sole 1948 6045
Lincoln National Corp. COM 534187109 339 12862 SH Sole 12862
LiquidMetal Technologies Inc. COM 53634x100 2 10150 SH Sole 10150
Lockheed Martin Corp. COM 539830109 1631 18146 SH Sole 17646 500
Lowe's Companies COM 548661107 18932 603326 SH Sole 516145 87181
Magellan Midstream Partners COM 559080106 1459 20165 SH Sole 15740 4425
Marathon Oil Corporation COM 565849106 301 9485 SH Sole 2985 6500
Marriott Int'l, Inc. COM 571903202 246 6503 SH Sole 6503
Marsh & McLennan Companies COM 571748102 889 27100 SH Sole 10900 16200
Mastercard Inc-Cl A COM 57636q104 430 1023 SH Sole 1023
Matthews International Corp Cl COM 577128101 209 6600 SH Sole 6600
McDonald's Corp. COM 580135101 12325 125633 SH Sole 91050 34583
McGraw-Hill Companies, Inc. COM 580645109 558 11520 SH Sole 5780 5740
McKesson Corp. COM 58155Q103 202 2307 SH Sole 1732 575
Medco Health Solutions, Inc. COM 58405U102 552 7845 SH Sole 7346 499
Medtronic Inc. COM 585055106 3670 93635 SH Sole 67087 26547
Merck & Co., Inc. New COM 58933Y105 3287 85608 SH Sole 66667 18941
Meredith Corp. COM 589433101 519 16000 SH Sole 3400 12600
Microsoft Corp. COM 594918104 17799 551828 SH Sole 447255 104573
Minerals Technologies Inc. COM 603158106 937 14325 SH Sole 13415 910
Monsanto Company COM 61166W101 4219 52902 SH Sole 45736 7166
Nestle Sponsored ADR COM 641069406 1175 18690 SH Sole 14975 3715
NewMarket Corp COM 651587107 1687 9000 SH Sole 9000
News Corp. Inc. Class A COM 65248E104 395 20054 SH Sole 20000 54
NextEra Energy Inc. COM 65339F101 516 8440 SH Sole 6240 2200
Nike, Inc. COM 654106103 4437 40920 SH Sole 34745 6175
Nordstrom Inc. COM 655664100 418 7502 SH Sole 3702 3800
Norfolk Southern Corp. COM 655844108 633 9615 SH Sole 7865 1750
Northrop Grumman Corp. COM 666807102 1604 26263 SH Sole 26263
Novartis AG ADS COM 66987V109 6025 108726 SH Sole 95368 13358
Novo Nordisk ADR COM 670100205 390 2815 SH Sole 2815
Nucor Corp. COM 670346105 8982 209118 SH Sole 188623 20495
Occidental Petroleum COM 674599105 965 10137 SH Sole 10137
Oneok Partners LP COM 68268N103 1614 29530 SH Sole 23510 6020
Oracle Systems COM 68389X105 13540 464337 SH Sole 405387 58950
PPG Industries, Inc. COM 693506107 356 3721 SH Sole 2555 1166
PS Business Parks Inc COM 69360J107 318 4854 SH Sole 4854
Paccar Inc. COM 693718108 219 4675 SH Sole 4675
Pall Corp. COM 696429307 2172 36420 SH Sole 27895 8525
PepsiCo Inc. COM 713448108 13622 205305 SH Sole 158581 46724
Pfizer, Inc. COM 717081103 11193 494277 SH Sole 353507 140770
Philip Morris Intl COM 718172109 14879 167917 SH Sole 126270 41647
Plains All American Pipeline L COM 726503105 2762 35204 SH Sole 27100 8104
Plum Creek Timber L.P. COM 729251108 1114 26800 SH Sole 26700 100
Praxair Inc. COM 74005P104 214 1869 SH Sole 1869
Precision Castparts Corp COM 740189105 10484 60638 SH Sole 56031 4607
Procter & Gamble Co. COM 742718109 21023 312800 SH Sole 238923 73877
Progress Energy COM 743263105 275 5177 SH Sole 1077 4100
Protective Life Corp. COM 743674103 283 9565 SH Sole 8340 1225
Public Storage Inc. COM 74460D109 6219 45012 SH Sole 31012 14000
QUALCOMM, Inc. COM 747525103 1392 20451 SH Sole 7151 13300
Realty Income Corp. COM 756109104 778 20087 SH Sole 18517 1570
Roche Holdings Ltd-Spons Adr COM 771195104 222 5110 SH Sole 5110
Rockwell Automation, Inc. COM 773903109 419 5260 SH Sole 4710 550
Rockwell Collins COM 774341101 229 3985 SH Sole 3685 300
Royal Dutch Shell PLC-ADR A COM 780259206 2981 42513 SH Sole 30288 12225
SPDR Trust Series 1 (spy) COM 78462F103 693 4920 SH Sole 4920
SYSCO Corp. COM 871829107 10305 345105 SH Sole 251666 93439
Schlumberger Ltd COM 806857108 24136 345141 SH Sole 271108 74033
Sector SPDR Tech Select Shs of COM 81369Y803 257 8515 SH Sole 8515
Sempra Energy COM 816851109 954 15915 SH Sole 14915 1000
Sigma-Aldrich Corp. COM 826552101 17158 234853 SH Sole 169577 65276
Southern Company COM 842587107 585 13025 SH Sole 3000 10025
Sovran Self Storage COM 84610H108 568 11400 SH Sole 11400
Sport Chalet Class A COM 849163209 36 28000 SH Sole 28000
Starbucks Corp. COM 855244109 341 6104 SH Sole 4904 1200
Stryker Corporation COM 863667101 14222 256346 SH Sole 225423 30923
TJX Companies COM 872540109 624 15722 SH Sole 15722
Target Corp COM 87612E106 5049 86651 SH Sole 71556 15095
Teva Pharmaceutical Industries COM 881624209 4395 97541 SH Sole 81711 15830
Texas Instruments COM 882508104 3117 92746 SH Sole 75871 16875
Toll Brothers, Inc. COM 889478103 302 12600 SH Sole 7700 4900
Tootsie Roll Inds COM 890516107 580 25314 SH Sole 10783 14531
Transocean Ltd. COM H8817H100 8448 154449 SH Sole 137587 16862
Tredegar Corporation COM 894650100 392 20000 SH Sole 20000
U.S. Bancorp COM 902973304 267 8421 SH Sole 4521 3900
Unilever N V COM 904784709 387 11378 SH Sole 9978 1400
Union Pacific COM 907818108 1572 14628 SH Sole 13678 950
United Parcel Service COM 911312106 38132 472395 SH Sole 449796 22599
United Technologies COM 913017109 3679 44357 SH Sole 40222 4135
UnitedHealth Group Inc. COM 91324P102 885 15023 SH Sole 13423 1600
Utilities Select Sector SPDR COM 81369y886 694 19800 SH Sole 19800
Vanguard Energy ETF COM 92204A306 247 2350 SH Sole 2350
Verizon Comm. COM 92343V104 5902 154387 SH Sole 127753 26634
Vodafone Group Plc COM 92857W209 4385 158480 SH Sole 128781 29699
Wal-Mart Stores, Inc. COM 931142103 9685 158250 SH Sole 124314 33936
Walgreen Co. COM 931422109 18508 552633 SH Sole 478312 74321
Wells Fargo & Co. COM 949746101 22190 649969 SH Sole 582675 67294
Wisconsin Energy Corp. COM 976657106 532 15126 SH Sole 3564 11562
Zimmer Holdings Inc. COM 98956P102 514 7989 SH Sole 3482 4507
iShares Goldman Sachs Tech Ind COM 464287549 365 5150 SH Sole 4300 850
SPDR Gold Trust AA 78463V107 721 4447 SH Sole 4197 250