ZWJ INVESTMENT COUNSEL INC

CIK 842782 · View on SEC EDGAR ↗

Portfolio value
$3.1B
#1,144 of 9,443 by 13F value · top 12.1%
Positions
290
As of
June 30, 2026

Portfolio value QoQ: +11.5% 13F does not disclose cash

Top 10 holdings weight
33.99%
Top 25 holdings weight
62.17%
Positions above 1%
36
Effective number of positions
48.2

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 4.32% Est. buys $128,096,953 · sells $126,643,488

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 80.8% still held

New positions
61
Increased
122
Decreased
61
Closed
12
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+34.3%
S&P 500 total return (same window)
+28.1%
Excess return
+6.2%

Annualized: +21.8% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 97.1% · Options excluded: 0.0%

Sector breakdown

Technology
22.1%
Industrials
13.8%
Healthcare
11.4%
Financials
8.5%
Communication Services
7.3%
Consumer Staples
7.0%
Financial Services
4.9%
Materials
4.1%
Energy
3.9%
Utilities
3.4%
Communications
3.1%
Consumer Discretionary
2.6%
Retail
2.1%
Telecommunication
1.4%
Consumer products
0.8%
Real Estate
0.8%
Diversified Consumer Services
0.0%
Logistics & Transportation
0.0%
Other/Unmapped
2.6%

Full portfolio 290 positions

Type Streak 8Q trend
MU Micron Technology, Inc. - Common Stock $176,394,215 5.70% 152,816 $99,327,775 Down ×4
GOOG Alphabet Inc. - Class C Capital Stock $140,984,709 4.56% 399,017 $26,444,956 Down ×4
AVGO Broadcom Inc. - Common Stock $109,547,819 3.54% 290,001 $19,867,003 Up ×1
KO Coca-Cola Company (The) Common Stock $105,680,258 3.42% 1,300,360 $6,849,268 Up ×1
NVDA NVIDIA Corporation - Common Stock $102,945,297 3.33% 514,495 $13,183,613 Down ×4
CSCO Cisco Systems, Inc. - Common Stock $96,981,179 3.14% 825,653 $30,148,504 Down ×6
ABBV AbbVie Inc. Common Stock $85,914,899 2.78% 341,420 $12,368,411 Up ×2
MSFT Microsoft Corporation - Common Stock $81,687,197 2.64% 218,989 $3,992,433 Up ×2
AAPL Apple Inc. - Common Stock $75,688,084 2.45% 261,571 $11,148,092 Up ×2
AZN AstraZeneca PLC - American Depositary Shares $75,079,333 2.43% 395,978 $-1,296,271 Up ×1
JPM JP Morgan Chase & Co. Common Stock $73,684,474 2.38% 225,108 $8,921,146 Up ×1
BWXT BWX Technologies, Inc. Common Stock $73,409,727 2.37% 377,137 $-6,817,079 Down ×4
V Visa Inc. $71,371,735 2.31% 208,026 $11,582,037 Up ×4
CB Chubb Limited Common Stock $68,064,025 2.20% 199,754 $3,561,435 Up ×6
CTVA Corteva, Inc. Common Stock $65,110,122 2.11% 768,805 $699,781 Down ×1
ORCL Oracle Corporation Common Stock $58,033,151 1.88% 395,996 $201,128 Up ×2
JNJ Johnson & Johnson Common Stock $57,090,323 1.85% 224,792 $3,884,708 Up ×6
PGR Progressive Corporation (The) Common Stock $55,440,623 1.79% 253,791 $6,840,540 Up ×4
AEP American Electric Power Company, Inc. - Common Stock $53,726,049 1.74% 392,706 $2,039,144 Down ×1
AXP American Express Company Common Stock $53,558,316 1.73% 158,339 $6,083,644 Up ×1
NOC Northrop Grumman Corporation Common Stock $51,295,129 1.66% 100,715 $-15,352,734 Up ×2
BA Boeing Company (The) Common Stock $51,182,288 1.66% 236,441 $6,752,908 Up ×3
PSX Phillips 66 Common Stock $49,703,319 1.61% 294,015 $-4,045,418 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $46,332,596 1.50% 92,414 $3,149,414 Up ×6
SAIA Saia, Inc. - Common Stock $43,549,729 1.41% 103,405 $6,820,718 Down ×1
CVX Chevron Corporation Common Stock $43,454,511 1.41% 262,153 $-10,528,394 Up ×2
UBER Uber Technologies, Inc. Common Stock $42,242,969 1.37% 585,407 $12,141,703 Up ×6
ROP Roper Technologies, Inc. - Common Stock $41,414,650 1.34% 122,387 $-2,732,399 Down ×1
MDLZ Mondelez International, Inc. - Class A Common Stock $41,145,559 1.33% 711,369 $1,325,531 Up ×2
INGR Ingredion Incorporated Common Stock $38,387,670 1.24% 405,318 $-6,802,767 Up ×4
AME AMETEK, Inc. $35,400,184 1.14% 146,318 $5,256,396 Up ×6
OMC Omnicom Group Inc. Common Stock $34,740,429 1.12% 477,007 $6,286,183 Up ×2
ELV Elevance Health, Inc. Common Stock $34,726,268 1.12% 89,795 $8,288,709 Down ×2
YUM Yum! Brands, Inc. $33,960,593 1.10% 212,440 $2,849,756 Up ×6
SRE DBA Sempra Common Stock $32,577,433 1.05% 351,391 $-128,833 Up ×5
HD Home Depot, Inc. (The) Common Stock $32,264,515 1.04% 91,484 $3,597,957 Up ×3
J Jacobs Solutions Inc. Common Stock $29,419,651 0.95% 233,489 $1,635,027 Up ×1
SSNC SS&C Technologies Holdings, Inc. - Common Stock $28,804,647 0.93% 464,215 $-474,123 Up ×6
EWBC East West Bancorp, Inc. - Common Stock $27,863,222 0.90% 215,843 $4,521,993 Down ×4
TSN Tyson Foods, Inc. Common Stock $27,735,759 0.90% 484,467 $-1,892,063 Up ×6
IFF International Flavors & Fragrances, Inc. Common Stock $25,409,928 0.82% 320,751 $2,542,703 Up ×2
BSX Boston Scientific Corporation Common Stock $25,190,419 0.81% 590,216 $-18,991,982 Down ×1
GM General Motors Company Common Stock $24,349,827 0.79% 315,903 $423,981 Down ×6
APD Air Products and Chemicals, Inc. Common Stock $24,272,926 0.78% 82,792 $1,477,612 Up ×6
PG Procter & Gamble Company (The) Common Stock $23,591,250 0.76% 160,879 $2,051,248 Up ×2
T AT&T Inc. $23,262,368 0.75% 1,123,786 $-8,917,291 Up ×1
OUT OUTFRONT Media Inc. Common Stock $20,816,687 0.67% 635,430 $-8,353,294 Down ×4
VZ Verizon Communications Inc. Common Stock $20,603,408 0.67% 486,618 $-2,067,891 Up ×6
ACN Accenture plc Class A Ordinary Shares (Ireland) $19,363,959 0.63% 155,609 $-11,046,086 Up ×2
ZBRA Zebra Technologies Corporation - Class A Common Stock $19,018,474 0.62% 72,242 $4,614,535 Up ×3
DV DoubleVerify Holdings, Inc. Common Stock $18,343,188 0.59% 1,692,176 $2,862,292 Up ×1
DG Dollar General Corporation Common Stock $17,805,685 0.58% 154,684 $567,390 Up ×1
NFLX Netflix, Inc. - Common Stock $16,839,262 0.54% 235,844 $617,122 Up ×3
XOM Exxon Mobil Corporation Common Stock $11,368,445 0.37% 83,151 $-1,950,204 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $11,356,210 0.37% 31,777 $1,582,570 Down ×3
ES Eversource Energy (D/B/A) Common Stock $11,186,023 0.36% 154,781 $721,210 Up ×1
RSP $10,557,586 0.34% 49,620 $1,049,584 Up ×1
SPGI S&P Global Inc. Common Stock $10,548,926 0.34% 25,902 Up ×1
ABNB Airbnb, Inc. - Class A Common Stock $10,459,322 0.34% 73,091 $4,643,244 Up ×2
COLB Columbia Banking System, Inc. - Common Stock $9,989,389 0.32% 311,681 $2,087,918 Up ×6
EOG EOG Resources, Inc. Common Stock $9,550,450 0.31% 73,618 $-476,009 Up ×2
GE GE Aerospace Common Stock $9,454,151 0.31% 25,297 $3,470,083 Up ×1
SPY SPY $9,426,514 0.30% 12,623 $1,027,007 Down ×1
IOSP Innospec Inc. - Common Stock $8,830,769 0.29% 108,502 $1,251,905 Up ×4
CFG Citizens Financial Group, Inc. Common Stock $8,626,455 0.28% 123,112 $1,340,854 Up ×3
MQ Marqeta, Inc. - Class A Common Stock $8,344,969 0.27% 2,055,411 $207,119 Up ×2
LLY Eli Lilly and Company Common Stock $8,021,953 0.26% 6,688 $2,561,160 Up ×1
VOO $7,092,274 0.23% 10,326 $1,033,031 Up ×2
AMZN Amazon.com, Inc. - Common Stock $7,079,992 0.23% 29,705 $2,048,100 Up ×3
GNRC Generac Holdlings Inc. Common Stock $6,273,454 0.20% 21,425 $2,293,996 Up ×2
GEV GE Vernova Inc. Common Stock $4,925,013 0.16% 4,192 $2,198,946 Up ×2
EFX Equifax, Inc. Common Stock $4,871,434 0.16% 30,692 $-763,497 Down ×1
BRKB $4,661,633 0.15% 9,316 $-390,093 Down ×1
IVV $4,573,753 0.15% 6,107 $532,751 Down ×3
TTE TotalEnergies SE Ordinary Shares $4,560,321 0.15% 58,646 $-974,629 Down ×2
ABT Abbott Laboratories Common Stock $4,229,952 0.14% 46,616 $-531,798 Up ×1
IBM International Business Machines Corporation Common Stock $4,130,666 0.13% 14,689 $824,248 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $4,113,454 0.13% 7,303 $686,653 Up ×3
RTX RTX Corporation Common Stock $4,086,594 0.13% 21,539 $550,737 Up ×1
BAC Bank of America Corporation Common Stock $3,897,370 0.13% 68,399 $599,486 Up ×2
AMAT Applied Materials, Inc. - Common Stock $3,430,341 0.11% 4,745 $1,959,074 Up ×2
MRK Merck & Company, Inc. Common Stock (new) $3,397,190 0.11% 26,437 $253,858 Up ×1
AMGN Amgen Inc. - Common Stock $3,088,597 0.10% 8,529 $546,759 Up ×2
IUSV iShares Core S&P U.S. Value ETF $3,011,791 0.10% 27,343 $258,739 Up ×6
SCHB $2,966,576 0.10% 102,437 $365,265 Down ×6
TSLA Tesla, Inc. - Common Stock $2,909,711 0.09% 6,918 $392,220 Up ×2
WMT Walmart Inc. - Common Stock $2,865,459 0.09% 25,300 $-194,641 Up ×1
TPR Tapestry, Inc. Common Stock $2,862,022 0.09% 19,552 $-186,942 Down ×6
NSC Norfolk Southern Corporation Common Stock $2,725,364 0.09% 8,663 $224,382 Down ×1
GPC Genuine Parts Company Common Stock $2,697,967 0.09% 22,868 $279,676
IWB $2,609,334 0.08% 6,372 $208,972 Down ×2
SGOV iShares 0-3 Month Treasury Bond ETF $2,583,595 0.08% 25,664 $733,666 Up ×5
SO Southern Company (The) Common Stock $2,520,338 0.08% 26,333 $24,427 Up ×1
TFC Truist Financial Corporation Common Stock $2,513,936 0.08% 50,460 $488,664 Up ×1
EUSA $2,471,300 0.08% 21,642 $-46,388 Down ×1
O Realty Income Corporation Common Stock $2,415,015 0.08% 38,977 $327,064 Up ×5
KLAC KLA Corporation - Common Stock $2,378,983 0.08% 7,885 Up ×1
WFC Wells Fargo & Company Common Stock $2,345,571 0.08% 28,383 $89,981 Up ×2
GLW Corning Incorporated Common Stock $2,310,364 0.07% 9,045 $1,082,555 Up ×1
MDY $2,272,399 0.07% 3,231 $195,344 Down ×2

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
V $71,371,735 2.31% up ×4
CB $68,064,025 2.20% up ×6
JNJ $57,090,323 1.85% up ×6
PGR $55,440,623 1.79% up ×4
BA $51,182,288 1.66% up ×3
TMO $46,332,596 1.50% up ×6
UBER $42,242,969 1.37% up ×6
INGR $38,387,670 1.24% up ×4
AME $35,400,184 1.14% up ×6
YUM $33,960,593 1.10% up ×6
SRE $32,577,433 1.05% up ×5
HD $32,264,515 1.04% up ×3
SSNC $28,804,647 0.93% up ×6
TSN $27,735,759 0.90% up ×6
APD $24,272,926 0.78% up ×6

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
SPGI $10,548,926 25,902 0.34%
KLAC $2,378,983 7,885 0.08%
CEG $899,845 3,623 0.03%
MRSH $882,851 5,297 0.03%
TSM $831,449 1,741 0.03%
TDG $624,727 469 0.02%
WELL $608,961 2,683 0.02%
GMED $581,514 7,360 0.02%
Unknown issuer (CUSIP: 84615Q103) $533,938 3,125 0.02%
ATI $516,599 2,621 0.02%
TJX $513,434 3,389 0.02%
RCL $484,551 1,526 0.02%
MEDP $472,924 893 0.02%
ENTG $451,988 2,513 0.01%
DRVN $444,630 31,896 0.01%

Top movers (QoQ)

Security Action Shares Δ Value Δ
MU Trimmed -75K +$99.3M
CSCO Trimmed -36K +$30.1M
GOOG Trimmed -271 +$26.4M
AVGO Bought more +250 +$19.9M
BSX Trimmed -114K -$19.0M
NOC Bought more +3K -$15.4M
NVDA Trimmed -194 +$13.2M
ABBV Bought more +3K +$12.4M
UBER Bought more +167K +$12.1M
V Bought more +10K +$11.6M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
IPG Dec. 31, 2025 1,117,674 $31,194,287 No longer tracked
OUTXXXX March 31, 2025 1,477,499 $26,210,832 No longer tracked
MGPI June 30, 2025 215,949 $6,344,575 -41.2%
FNF Dec. 31, 2025 19,640 $1,188,024 -12.8%
STX March 31, 2026 4,019 $1,106,792 119.2%
CMCSA June 30, 2025 17,131 $632,134 -25.9%
AZO Dec. 31, 2025 133 $570,602 -12.8%
NXPI Dec. 31, 2025 2,017 $459,331 3.7%
QCOM June 30, 2025 2,977 $457,297 1.1%
HCA June 30, 2025 1,087 $375,613 8.5%
WDC Dec. 31, 2025 3,088 $370,745 173.1%
UPS Dec. 31, 2025 4,408 $368,200 4.2%
IWM Sept. 30, 2025 1,674 $361,232 No longer tracked
NKE March 31, 2025 4,700 $355,636 -36.1%
ZTS Dec. 31, 2025 2,410 $352,670 -39.1%
EW Sept. 30, 2025 4,364 $341,308 14.9%
TGT March 31, 2025 2,456 $331,944 55.6%
VGSH June 30, 2025 5,622 $329,955
JBHT March 31, 2025 1,800 $307,188 88.1%
YETI March 31, 2026 6,932 $306,186 20.1%
HON June 30, 2026 1,348 $304,757 -1.9%
REGN June 30, 2025 479 $303,796 59.6%
PANW March 31, 2026 1,642 $302,456 114.6%
SYK March 31, 2026 846 $297,344 0.6%
VEA June 30, 2026 4,590 $294,127 No longer tracked
ALGN Sept. 30, 2025 1,500 $283,995 26.9%
DGRO June 30, 2025 4,405 $272,129 No longer tracked
RMBS Sept. 30, 2025 4,102 $262,610 -11.7%
CDW Dec. 31, 2025 1,645 $262,016 -2.4%
USB Sept. 30, 2025 5,723 $258,966 28.8%
PIPR March 31, 2026 762 $258,859 -2.7%
NOW Dec. 31, 2025 275 $253,077 -15.4%
SCHG March 31, 2026 7,716 $251,700 No longer tracked
DD June 30, 2026 5,466 $250,343 3.3%
AVA June 30, 2026 6,225 $249,872 -6.2%
GMS Sept. 30, 2025 2,295 $249,581 No longer tracked
BWIN Sept. 30, 2025 5,779 $247,399 11.9%
MOGA March 31, 2026 1,007 $245,255 No longer tracked
SCL Dec. 31, 2025 5,141 $245,226 35.7%
EFA March 31, 2026 2,545 $244,376 No longer tracked
TMDX Dec. 31, 2025 2,100 $235,620 -24.2%
AUB June 30, 2026 6,550 $234,097 -2.4%
FCPT June 30, 2026 9,691 $229,192 3.5%
PLYM Sept. 30, 2025 14,184 $227,795 No longer tracked
CRM Dec. 31, 2025 961 $227,661 -22.4%
PBH June 30, 2026 3,840 $227,597 5.9%
TXNM March 31, 2025 4,599 $226,133 7.3%
SM Dec. 31, 2025 9,047 $225,904 102.1%
BANR March 31, 2026 3,592 $225,075 18.5%
BL March 31, 2026 4,043 $223,537 -15.4%
PCH March 31, 2026 5,612 $223,245 No longer tracked
CLX Dec. 31, 2025 1,800 $221,940 4.6%
DXC March 31, 2025 11,035 $220,479 -37.5%
DOW June 30, 2026 5,283 $220,037 20.0%
NOG March 31, 2026 10,243 $219,917 -7.5%
SBUX Dec. 31, 2025 2,590 $219,141 23.1%
VTLE March 31, 2025 6,919 $213,935 No longer tracked
BX Dec. 31, 2025 1,240 $211,854 -7.0%
HWKN Dec. 31, 2025 1,155 $211,042 -15.4%
MO Sept. 30, 2025 3,597 $210,892 1.0%
PLTR June 30, 2026 1,432 $209,473 48.3%
RNST March 31, 2025 5,809 $207,672 23.7%
SCHG March 31, 2025 7,420 $206,799 No longer tracked
OKE Sept. 30, 2025 2,527 $206,316 29.9%
VRRM June 30, 2026 14,413 $205,962 8.4%
NVO March 31, 2025 2,384 $205,072 -32.7%
HWKN June 30, 2026 1,330 $204,288 -15.5%
CDP March 31, 2025 6,573 $203,434 36.6%
AIR March 31, 2025 3,315 $203,143 139.8%
AUB March 31, 2025 5,361 $203,075 32.6%
SBCF March 31, 2025 7,367 $202,814 35.7%
ALG March 31, 2025 1,090 $202,642 -8.1%
XLY March 31, 2026 1,694 $202,281 No longer tracked
BCC Dec. 31, 2025 2,610 $201,805 11.6%
ALG Dec. 31, 2025 1,054 $201,209 -2.5%
GWRE March 31, 2026 1,000 $201,010 21.3%
TBT March 31, 2026 5,735 $200,381 No longer tracked
OBDC March 31, 2025 10,670 $161,330 -23.0%
VIAV March 31, 2025 15,782 $159,398 246.6%
CSTM June 30, 2025 11,711 $118,164 105.4%
SHO June 30, 2026 11,961 $107,769 -0.6%
AKYA Sept. 30, 2025 47,975 $62,368 No longer tracked
EAF June 30, 2025 14,483 $12,664 -27.9%