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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 (2016Q1)
Portfolio Summary: 149 holdings with a total value of $307,796,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 WAL-MART STORES INC 23,577 1,615,000 0.52%
52 CARDINAL HEALTH INC 19,400 1,590,000 0.52%
53 HALLIBURTON CO 43,375 1,549,000 0.50%
54 SUNTRUST BKS INC 42,460 1,532,000 0.50%
55 RAYTHEON CO 12,390 1,519,000 0.49%
56 NIKE INC 24,570 1,510,000 0.49%
57 GILEAD SCIENCES INC 16,400 1,507,000 0.49%
58 HARRIS CORP 19,357 1,507,000 0.49%
59 CONOCOPHILLIPS 36,980 1,489,000 0.48%
60 PNC FINL SVCS GROUP INC 17,487 1,479,000 0.48%
61 TIME WARNER INC 20,255 1,470,000 0.48%
62 PHILLIPS 66 16,150 1,398,000 0.45%
63 AMGEN INC 8,953 1,342,000 0.44%
64 ISHARES TR 9,965 1,294,000 0.42%
65 MASCO CORP 40,630 1,278,000 0.42%
66 ALTRIA GROUP INC 20,050 1,256,000 0.41%
67 RED HAT INC 16,630 1,239,000 0.40%
68 ST JUDE MED INC 22,000 1,210,000 0.39%
69 Spectra Energy Corp Com 38,384 1,175,000 0.38%
70 MONDELEZ INTL INC 28,510 1,144,000 0.37%
71 DUKE ENERGY CORP NEW 13,791 1,113,000 0.36%
72 ABBVIE INC COM 19,160 1,094,000 0.36%
73 TORONTO DOMINION BK ONT 24,575 1,060,000 0.34%
74 NORTHROP GRUMMAN CORP 5,320 1,053,000 0.34%
75 BROADCOM LTD 6,775 1,047,000 0.34%
76 DOLLAR GEN CORP NEW 11,700 1,002,000 0.33%
77 FEDEX CORP 6,125 997,000 0.32%
78 CELGENE CORP 9,920 993,000 0.32%
79 COMMERCIAL METALS CO COM 57,878 982,000 0.32%
80 JOHNSON CTLS INTL PLC 24,890 970,000 0.32%
81 BERKSHIRE BANCP INC DEL 121,929 945,000 0.31%
82 PPL CORP 24,205 921,000 0.30%
83 LOCKHEED MARTIN CORP 4,055 898,000 0.29%
84 VALERO ENERGY CORP NEW 12,975 832,000 0.27%
85 E M C CORP MASS COM 30,651 817,000 0.27%
86 ADOBE INC 8,635 810,000 0.26%
87 LAUDER ESTEE COS INC 7,760 732,000 0.24%
88 NextEra Energy, Inc. 6,056 717,000 0.23%
89 DU PONT E I DE NEMOURS & CO 10,949 693,000 0.23%
90 METLIFE INC 15,552 683,000 0.22%
91 MARSH & MCLENNAN COS INC 11,225 682,000 0.22%
92 LOWES COS INC 9,000 682,000 0.22%
93 ABBOTT LABS 16,049 671,000 0.22%
94 US BANCORP DEL 15,700 637,000 0.21%
95 CARMAX INC 12,105 619,000 0.20%
96 MCDONALDS CORP 4,800 603,000 0.20%
97 INTERNATIONAL FLAVORS&FRAGRA 5,200 592,000 0.19%
98 OSHKOSH CORP 14,395 588,000 0.19%
99 SOUTHERN CO 11,203 580,000 0.19%
100 ILLINOIS TOOL WKS INC 5,463 560,000 0.18%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001062993-16-009193, filed 2016.04.25).

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.