Institutional Manager · CIK 0000821197

JOHNSON INVESTMENT COUNSEL INC

Cincinnati, OH · File #028-04147

Latest AUM

$12.24B

Positions

790

Top-10 Concentration

46.8%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	APPLE INC	AAPL	+1,849,044	+$502.7M	+$205,036
ADD	AMAZON COM INC	AMZN	+928,435	+$214.3M	+$23,625
ADD	SPDR S&P 500 ETF TR	SPY	+112,018	+$76.4M	+$292,753
REDUCE	EVEREST GROUP LTD	EG	-141,378	-$48.0M	-$1.8M
ADD	CHIPOTLE MEXICAN GRILL INC	CMG	+1,126,963	+$41.7M	-$37,837
ADD	COLGATE PALMOLIVE CO	CL	+508,087	+$40.1M	-$67,099
ADD	UMB FINL CORP	902788108	+340,316	+$39.1M	-$72,165
ADD	ELI LILLY & CO	LLY	+33,989	+$36.5M	+$467,538
ADD	ISHARES TR	464287200	+44,059	+$30.2M	+$21.4M
REDUCE	FIRST HORIZON CORPORATION	FHN-PH	-695,114	-$16.6M	+$4.0M

Sector Allocation

Technology

13.0%$1.60B

Financials

6.8%$839.3M

Consumer Discretionary

4.9%$600.9M

4.4%$534.2M

4.1%$497.7M

2.8%$340.8M

1.8%$214.1M

1.2%$146.0M

0.5%$55.6M

Communication Services

0.4%$47.1M

Real Estate

0.1%$11.3M

Filing History

Feb 13, 202613F HOLDINGS REPORTQ/E Dec 2025790 pos · $12.24B
Nov 6, 202513F HOLDINGS REPORTQ/E Sep 2025827 pos · $11.98B
Jul 25, 202513F HOLDINGS REPORTQ/E Jun 2025816 pos · $11.15B
Apr 21, 202513F HOLDINGS REPORTQ/E Mar 2025805 pos · $10.37B
Feb 7, 202513F HOLDINGS REPORTQ/E Dec 2024789 pos · $10.26B
Nov 4, 202413F HOLDINGS REPORTQ/E Sep 2024808 pos · $10.16B
Aug 8, 202413F HOLDINGS REPORTQ/E Jun 2024765 pos · $9.49B
May 9, 202413F HOLDINGS REPORTQ/E Mar 2024762 pos · $9.20B
Nov 13, 202313F HOLDINGS REPORTQ/E Dec 2023677 pos · $7.78B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	1,410,609	$966.2M	11.28%
2	ISHARES TR	464287622	1,403,281	$524.0M	6.12%
3	APPLE INC	AAPL	1,860,944	$505.9M	5.91%
4	MICROSOFT CORP	MSFT	828,230	$400.5M	4.68%
5	ALPHABET INC	GOOG	1,137,465	$356.0M	4.16%
6	PROCTER AND GAMBLE CO	742718109	2,315,120	$331.8M	3.87%
7	ISHARES TR	464287499	2,817,442	$271.2M	3.17%
8	CINCINNATI FINL CORP	172062101	1,403,909	$229.3M	2.68%
9	AMAZON COM INC	AMZN	930,535	$214.8M	2.51%
10	AB ACTIVE ETFS INC	00039J822	4,899,916	$208.7M	2.44%
11	VANGUARD INTL EQUITY INDEX F	922042775	2,723,302	$200.3M	2.34%
12	WILLIAMS COS INC	969457100	3,048,735	$183.3M	2.14%
13	NVENT ELECTRIC PLC	NVT	1,584,100	$161.5M	1.89%
14	MASTERCARD INCORPORATED	MA	281,823	$160.9M	1.88%
15	NASDAQ INC	NDAQ	1,555,679	$151.1M	1.76%
16	DANAHER CORPORATION	235851102	656,739	$150.3M	1.76%
17	VISA INC	V	419,583	$147.2M	1.72%
18	AMPHENOL CORP NEW	032095101	1,051,869	$142.1M	1.66%
19	SCHWAB STRATEGIC TR	808524201	5,075,689	$136.6M	1.60%
20	AMERICAN ELEC PWR CO INC	025537101	1,170,482	$135.0M	1.58%