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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 (2016Q3)
Portfolio Summary: 153 holdings with a total value of $321,999,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 RED HAT INC 23,995 1,940,000 0.60%
52 INTERNATIONAL BUSINESS MACHS 11,464 1,821,000 0.57%
53 NIKE INC 34,445 1,814,000 0.56%
54 ADOBE INC 16,626 1,805,000 0.56%
55 RAYTHEON CO 13,245 1,803,000 0.56%
56 SYSCO CORP 36,778 1,802,000 0.56%
57 WAL-MART STORES INC 23,554 1,699,000 0.53%
58 MASCO CORP 48,444 1,662,000 0.52%
59 EMERSON ELEC CO 29,822 1,626,000 0.50%
60 PNC FINL SVCS GROUP INC 17,662 1,591,000 0.49%
61 HALLIBURTON CO 34,873 1,565,000 0.49%
62 SMUCKER J M CO 11,549 1,565,000 0.49%
63 CELGENE CORP 14,508 1,517,000 0.47%
64 GILEAD SCIENCES INC 19,130 1,514,000 0.47%
65 AMGEN INC 8,789 1,466,000 0.46%
66 PRICE T ROWE GROUP INC 21,610 1,437,000 0.45%
67 DUKE ENERGY CORP NEW 17,161 1,374,000 0.43%
68 PHILLIPS 66 15,989 1,288,000 0.40%
69 ALTRIA GROUP INC 19,915 1,259,000 0.39%
70 DOLLAR GEN CORP NEW 17,662 1,236,000 0.38%
71 JOHNSON CTLS INTL PLC 24,584 1,144,000 0.36%
72 TIME WARNER INC 14,373 1,144,000 0.36%
73 CARDINAL HEALTH INC 14,575 1,132,000 0.35%
74 ABBVIE INC COM 17,922 1,130,000 0.35%
75 NORTHROP GRUMMAN CORP 5,135 1,099,000 0.34%
76 MONDELEZ INTL INC 24,660 1,083,000 0.34%
77 TORONTO DOMINION BK ONT 23,505 1,044,000 0.32%
78 MARSH & MCLENNAN COS INC 15,182 1,021,000 0.32%
79 LOCKHEED MARTIN CORP 4,216 1,011,000 0.31%
80 CONOCOPHILLIPS 22,895 995,000 0.31%
81 BERKSHIRE BANCP INC DEL 121,929 966,000 0.30%
82 ST JUDE MED INC 11,750 937,000 0.29%
83 PPL CORP 24,887 860,000 0.27%
84 FEDEX CORP 4,904 857,000 0.27%
85 OSHKOSH CORP 14,552 815,000 0.25%
86 LAUDER ESTEE COS INC 9,049 801,000 0.25%
87 INTERNATIONAL FLAVORS&FRAGRA 5,150 736,000 0.23%
88 DU PONT E I DE NEMOURS & CO 10,951 733,000 0.23%
89 MORGAN STANLEY 22,450 720,000 0.22%
90 VALERO ENERGY CORP NEW 13,300 705,000 0.22%
91 NextEra Energy, Inc. 5,653 692,000 0.21%
92 COMMERCIAL METALS CO COM 41,978 680,000 0.21%
93 ABBOTT LABS 15,749 666,000 0.21%
94 UNITED TECHNOLOGIES CORP 6,464 657,000 0.20%
95 US BANCORP DEL 15,150 650,000 0.20%
96 ILLINOIS TOOL WKS INC 5,373 644,000 0.20%
97 LOWES COS INC 8,785 634,000 0.20%
98 CSX CORP 20,387 622,000 0.19%
99 LINCOLN ELEC HLDGS INC 9,928 622,000 0.19%
100 MCDONALDS CORP 4,905 566,000 0.18%
Page 2 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001062993-16-011673, filed 2016.10.11).

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.