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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 (2015Q4)
Portfolio Summary: 153 holdings with a total value of $320,775,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 PNC FINL SVCS GROUP INC 17,212 1,640,000 0.51%
52 EMERSON ELEC CO 33,668 1,610,000 0.50%
53 TIME WARNER INC 23,771 1,537,000 0.48%
54 METLIFE INC 31,194 1,504,000 0.47%
55 WAL-MART STORES INC 23,817 1,460,000 0.46%
56 PRICE T ROWE GROUP INC 20,315 1,452,000 0.45%
57 SUNTRUST BKS INC 33,795 1,448,000 0.45%
58 ALPHABET INC 1,868 1,418,000 0.44%
59 AMGEN INC 8,722 1,416,000 0.44%
60 RAYTHEON CO 11,290 1,406,000 0.44%
61 NVE CORP 25,000 1,404,000 0.44%
62 GILEAD SCIENCES INC 13,505 1,367,000 0.43%
63 ST JUDE MED INC 22,000 1,359,000 0.42%
64 PHILLIPS 66 16,608 1,359,000 0.42%
65 HARRIS CORP 15,632 1,358,000 0.42%
66 UNITEDHEALTH GROUP INC 11,525 1,356,000 0.42%
67 E M C CORP MASS COM 51,871 1,332,000 0.42%
68 MONDELEZ INTL INC 28,860 1,294,000 0.40%
69 NIKE INC 19,070 1,192,000 0.37%
70 ALTRIA GROUP INC 20,300 1,182,000 0.37%
71 TORONTO DOMINION BK ONT 30,025 1,176,000 0.37%
72 ABBVIE INC COM 19,185 1,137,000 0.35%
73 RED HAT INC 13,620 1,128,000 0.35%
74 JOHNSON CTLS INTL PLC 26,965 1,065,000 0.33%
75 NORTHROP GRUMMAN CORP 5,445 1,028,000 0.32%
76 BERKSHIRE BANCP INC DEL 132,549 1,027,000 0.32%
77 Spectra Energy Corp Com 41,011 1,025,000 0.32%
78 CELGENE CORP 8,125 973,000 0.30%
79 SMUCKER J M CO 7,745 955,000 0.30%
80 ATRION CORP 2,500 953,000 0.30%
81 PRECISION CASTPARTS 3,970 921,000 0.29%
82 DU PONT E I DE NEMOURS & CO 13,749 916,000 0.29%
83 FEDEX CORP 6,005 895,000 0.28%
84 DUKE ENERGY CORP NEW 12,516 894,000 0.28%
85 MASCO CORP 31,480 891,000 0.28%
86 VALERO ENERGY CORP NEW 12,265 867,000 0.27%
87 INTERNATIONAL FLAVORS&FRAGRA 7,015 839,000 0.26%
88 PPL CORP 24,105 823,000 0.26%
89 COMMERCIAL METALS CO COM 57,878 792,000 0.25%
90 UNITED TECHNOLOGIES CORP 7,944 763,000 0.24%
91 ABBOTT LABS 16,424 738,000 0.23%
92 LOWES COS INC 9,600 730,000 0.23%
93 DOLLAR GEN CORP NEW 9,615 691,000 0.22%
94 CARMAX INC 12,640 682,000 0.21%
95 NORFOLK SOUTHERN CORP 7,915 670,000 0.21%
96 CSX CORP 25,685 667,000 0.21%
97 US BANCORP DEL 15,275 652,000 0.20%
98 NextEra Energy, Inc. 6,154 639,000 0.20%
99 NOVARTIS A G 7,375 635,000 0.20%
100 MCDONALDS CORP 4,960 586,000 0.18%
Page 2 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001062993-16-007200, filed 2016.01.21).

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.