First Fiduciary Investment Counsel Portfolio holdings

First Fiduciary Investment Counsel's Q4 2016 Portfolio in Review

As of Q4 2016, First Fiduciary Investment Counsel held 41 positions worth $522M, up 10% from $474M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

First Fiduciary Investment Counsel deployed $32.8M of net new capital in Q4 2016, opening 10 new positions and adding to 24 existing holdings. Its largest new stake was Twenty-First Century Fox, Inc. Class A: 404,675 shares worth $11.3M.

By sector, the portfolio is most concentrated in Consumer Staples at 19% of assets, down from 21% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was United Parcel Service, an estimated $6.17M trimmed.

• First Fiduciary Investment Counsel's largest Q4 2016 buy was Twenty-First Century Fox, Inc. Class A: 404,675 shares worth $11.3M.
• First Fiduciary Investment Counsel added most to Honeywell in Q4 2016, an estimated $3.19M increase.
• First Fiduciary Investment Counsel's biggest Q4 2016 reduction was United Parcel Service, cutting an estimated $6.17M.
• First Fiduciary Investment Counsel fully exited IBM in Q4 2016, selling an estimated $9.55M.
• First Fiduciary Investment Counsel's ten largest holdings make up 43% of its $522M portfolio in Q4 2016.
• First Fiduciary Investment Counsel opened 10 new positions and closed 1 in Q4 2016.
• First Fiduciary Investment Counsel's portfolio value rose 10% quarter-over-quarter to $522M.

Based on First Fiduciary Investment Counsel's 13F filing for Q4 2016, filed 15 Feb 2017.