First Fiduciary Investment Counsel Portfolio holdings

First Fiduciary Investment Counsel's Q1 2018 Portfolio in Review

As of Q1 2018, First Fiduciary Investment Counsel held 50 positions worth $503M, down 8.4% from $549M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

First Fiduciary Investment Counsel withdrew a net $20.4M in Q1 2018, closing 2 positions and reducing 21 holdings. Its most notable exit was ConocoPhillips, an estimated $210K position sold in full.

By sector, the portfolio is most concentrated in Consumer Staples at 19% of assets, up from 17% a quarter earlier, followed by Financials and Industrials.

Against the trend, First Fiduciary Investment Counsel opened a new position in Kroger worth $10.7M.

• First Fiduciary Investment Counsel's largest Q1 2018 buy was Kroger: 446,910 shares worth $10.7M.
• First Fiduciary Investment Counsel added most to MetLife in Q1 2018, an estimated $2.18M increase.
• First Fiduciary Investment Counsel's biggest Q1 2018 reduction was Wells Fargo, cutting an estimated $17.4M.
• First Fiduciary Investment Counsel fully exited ConocoPhillips in Q1 2018, selling an estimated $210K.
• First Fiduciary Investment Counsel's ten largest holdings make up 42% of its $503M portfolio in Q1 2018.
• First Fiduciary Investment Counsel opened 5 new positions and closed 2 in Q1 2018.
• First Fiduciary Investment Counsel's portfolio value fell 8.4% quarter-over-quarter to $503M.

Based on First Fiduciary Investment Counsel's 13F filing for Q1 2018, filed 3 May 2018.