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Institutional Investment Manager
Orange Investment Advisors, Inc.
Orange Investment Advisors, Inc. (CIK: 0000943442) incorporated in New York, located at 117 Grand Street, Suite 201, Goshen, NY. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q2)
Portfolio Summary: 148 holdings with a total value of $320,365,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 Orange County Bancorp 478,073 22,230,000 6.94%
2 MEDTRONIC PLC 239,158 17,722,000 5.53%
3 INTUITIVE SURGICAL INC 33,310 16,139,000 5.04%
4 JOHNSON & JOHNSON 89,615 8,734,000 2.73%
5 STERLING BANCORP DEL COM 573,999 8,438,000 2.63%
6 HOME DEPOT INC 72,285 8,033,000 2.51%
7 GENERAL ELECTRIC CO 257,638 6,845,000 2.14%
8 CVS HEALTH CORP 64,122 6,725,000 2.10%
9 EXXON MOBIL CORP 79,762 6,636,000 2.07%
10 MICROSOFT CORP 139,764 6,171,000 1.93%
11 INTEL CORP 187,358 5,698,000 1.78%
12 JPMORGAN CHASE & CO 83,676 5,670,000 1.77%
13 LILLY ELI & CO 66,435 5,547,000 1.73%
14 THERMO FISHER SCIENTIFIC INC 42,196 5,475,000 1.71%
15 ORACLE CORP 134,570 5,423,000 1.69%
16 PEPSICO INC 57,488 5,366,000 1.67%
17 PFIZER INC 159,391 5,344,000 1.67%
18 CHEVRON CORP NEW 53,177 5,130,000 1.60%
19 CISCO SYS INC 162,993 4,476,000 1.40%
20 PROCTER AND GAMBLE CO 55,528 4,344,000 1.36%
21 WELLS FARGO & CO NEW 76,144 4,282,000 1.34%
22 APPLE INC 33,694 4,226,000 1.32%
23 ALLERGAN PLC 13,819 4,194,000 1.31%
24 BOEING CO 30,184 4,187,000 1.31%
25 EXPRESS SCRIPTS HLDG CO 47,068 4,186,000 1.31%
26 VERIZON COMMUNICATIONS INC 83,431 3,889,000 1.21%
27 BRISTOL MYERS SQUIBB CO 56,646 3,769,000 1.18%
28 WAL-MART STORES INC 53,102 3,766,000 1.18%
29 BANK AMER CORP 213,456 3,633,000 1.13%
30 CONOCOPHILLIPS 58,738 3,607,000 1.13%
31 MONDELEZ INTERNA 41,835 3,562,000 1.11%
32 HALLIBURTON 82,574 3,556,000 1.11%
33 MERCK & CO INC 61,205 3,484,000 1.09%
34 Chubb Corporation 36,506 3,473,000 1.08%
35 AT&T INC 94,338 3,351,000 1.05%
36 RESMED INC 55,150 3,223,000 1.01%
37 GOLDMAN SACHS GROUP INC 15,390 3,213,000 1.00%
38 BANK NEW YORK MELLON CORP 68,873 2,891,000 0.90%
39 EMERSON ELEC CO 50,319 2,789,000 0.87%
40 AUTOMATIC DATA PROCESSING IN 34,497 2,768,000 0.86%
41 DOW CHEM CO 51,299 2,625,000 0.82%
42 3M COMPANY 16,800 2,592,000 0.81%
43 TIME WARNER INC 28,745 2,513,000 0.78%
44 COCA COLA CO 63,845 2,505,000 0.78%
45 INTERNATIONAL BUSINESS MACHS 14,136 2,299,000 0.72%
46 CITRIX SYS INC 32,330 2,268,000 0.71%
47 CARDINAL HEALTH INC 25,180 2,106,000 0.66%
48 CORNING INC 103,265 2,037,000 0.64%
49 METLIFE INC 35,969 2,014,000 0.63%
50 PNC FINL SVCS GROUP INC 21,009 2,010,000 0.63%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001062993-15-003807, filed 2015.07.13).

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.