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Institutional Investment Manager
VALLEY NATIONAL ADVISERS INC
VALLEY NATIONAL ADVISERS INC (CIK: 0000773411) incorporated in Pennsylvania, located at 1655 Valley Center Parkway, Bethlehem, PA. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q1)
Portfolio Summary: 656 holdings with a total value of $186,496,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 BECTON DICKINSON & CO 914 139,000 0.07%
152 VANGUARD INDEX FDS 1,160 138,000 0.07%
153 ISHARES TR 1,210 137,000 0.07%
154 TIME WARNER INC 1,860 135,000 0.07%
155 MARSH & MCLENNAN COS INC 2,186 133,000 0.07%
156 ORACLE CORP 3,207 131,000 0.07%
157 PRUDENTIAL FINL INC 1,780 129,000 0.07%
158 SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF 4,733 128,000 0.07%
159 VANGUARD TAX-MANAGED FDS 3,465 124,000 0.07%
160 KIMBERLY CLARK CORP 917 123,000 0.07%
161 STARBUCKS CORP 2,056 123,000 0.07%
162 Market Vectors New Etf 2,305 122,000 0.07%
163 VANGUARD SPECIALIZED FUNDS 1,472 120,000 0.06%
164 BAXTER INTL INC 2,918 120,000 0.06%
165 BB&T CORP 3,611 120,000 0.06%
166 BAXALTA INC COM 2,915 118,000 0.06%
167 SUNOCO LOGISTICS PRTNRS L P 4,722 118,000 0.06%
168 COLGATE PALMOLIVE CO 1,670 118,000 0.06%
169 MERCADOLIBRE INC 1,000 118,000 0.06%
170 VANGUARD INDEX FDS 1,060 113,000 0.06%
171 DEERE & CO 1,458 112,000 0.06%
172 UNDER ARMOUR INC 1,323 112,000 0.06%
173 ISHARES TR 890 111,000 0.06%
174 NEW JERSEY RES CORP 2,960 108,000 0.06%
175 SPDR SERIES TRUST 1,088 106,000 0.06%
176 CLOROX CO DEL 840 106,000 0.06%
177 ALLEGION PUB LTD CO 1,652 105,000 0.06%
178 POWERSHARES ETF TRUST 7,569 105,000 0.06%
179 FIRST TR EXCHANGE TRADED FD 1,534 105,000 0.06%
180 GAP 3,499 103,000 0.06%
181 AMGEN INC 681 102,000 0.05%
182 NATL PENN BANCSHARES INC 9,446 101,000 0.05%
183 BUCKEYE PARTNERS L P 1,479 100,000 0.05%
184 SPDR DOW JONES INDL AVRG ETF 564 100,000 0.05%
185 NORFOLK SOUTHERN CORP 1,179 98,000 0.05%
186 HOME DEPOT INC 727 97,000 0.05%
187 MINERALS TECHNOLOGIES INC 1,700 97,000 0.05%
188 BAIDU INC 500 95,000 0.05%
189 TRAVELERS COMPANIES INC 800 93,000 0.05%
190 CIGNA CORPORATION 669 92,000 0.05%
191 CHEMED CORP NEW COM 679 92,000 0.05%
192 GOLDMAN SACHS GROUP INC 581 91,000 0.05%
193 ISHARES TR 3,770 87,000 0.05%
194 CITIGROUPINC 2,089 87,000 0.05%
195 ISHARES TR 400 83,000 0.04%
196 GRACO INC 977 82,000 0.04%
197 SPECTRA ENERGY PARTNERS LP 1,695 82,000 0.04%
198 SIRIUS XM HOLDINGS INC 20,420 81,000 0.04%
199 ISHARES TR 1,181 78,000 0.04%
200 SCHWAB US TIPS ETF 1,401 78,000 0.04%
Page 4 of 14

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000773411-16-000012, filed 2016.04.21).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.