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Institutional Investment Manager
DAVIDSON INVESTMENT ADVISORS
DAVIDSON INVESTMENT ADVISORS (CIK: 0001140771) incorporated in Montana, located at 8 Third Street North, Great Falls, MT. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q2)
Portfolio Summary: 204 holdings with a total value of $665,379,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 INTERPUBLIC GROUP COS INC 273,240 5,263,000 0.79%
52 LEVEL 3 COMM 99,660 5,245,000 0.79%
53 SEMPRA ENERGY 52,617 5,204,000 0.78%
54 ALLEGHENY TECHNOLOGIES INC 171,305 5,171,000 0.78%
55 EXXON MOBIL CORP 60,650 5,044,000 0.76%
56 WAL-MART STORES INC 70,257 4,982,000 0.75%
57 REDWOOD TR INC 308,672 4,844,000 0.73%
58 BUFFALO WILD WINGS INC 30,824 4,827,000 0.73%
59 LABORATORY CORP AMER HLDGS 39,701 4,810,000 0.72%
60 Energizer Holding Inc 36,495 4,797,000 0.72%
61 AMGEN INC 30,935 4,745,000 0.71%
62 PRAXAIR INC 39,484 4,718,000 0.71%
63 CHURCH & DWIGHT 54,731 4,438,000 0.67%
64 BAKER HUGHES INC 70,824 4,367,000 0.66%
65 STARWOOD WAYPOINT RESIDENTIAL 182,200 4,326,000 0.65%
66 FORD MTR CO DEL 282,041 4,231,000 0.64%
67 FEDEX CORP 24,289 4,136,000 0.62%
68 ROYAL DUTCH SHELL PLC 64,153 3,655,000 0.55%
69 DU PONT E I DE NEMOURS & CO 55,834 3,568,000 0.54%
70 COMCAST CORP NEW 56,441 3,392,000 0.51%
71 PLUM CREEK TIMBER 83,413 3,382,000 0.51%
72 MARATHON OIL CORP 127,488 3,382,000 0.51%
73 WOODWARD INC 56,730 3,116,000 0.47%
74 XILINX INC 69,150 3,051,000 0.46%
75 MDU RES GROUP INC 155,668 3,038,000 0.46%
76 Terreno Realty Corp 154,237 3,035,000 0.46%
77 FLOWSERVE CORP 55,785 2,934,000 0.44%
78 CoBiz Financial Inc 221,649 2,893,000 0.43%
79 LAS VEGAS SANDS CORP 54,855 2,881,000 0.43%
80 REALPAGE INC COM 150,472 2,866,000 0.43%
81 MASIMO CORP 72,800 2,817,000 0.42%
82 CAPELLA EDUCATION 52,015 2,789,000 0.42%
83 POTLATCHDELTIC CORPORATION 78,510 2,771,000 0.42%
84 First Cash Finl Svcs I 57,887 2,636,000 0.40%
85 SELECT COMFORT CORP 87,415 2,625,000 0.39%
86 U S PHYSICAL THERAPY COM 47,455 2,595,000 0.39%
87 AIRGAS INC 21,705 2,293,000 0.34%
88 SIMPSON MFG INC COM 67,225 2,283,000 0.34%
89 INNERWORKINGS INC 334,840 2,230,000 0.34%
90 HORIZON PHARMA PLC 60,215 2,089,000 0.31%
91 ALASKA AIR GROUP INC 28,980 1,865,000 0.28%
92 DIGITALGLOBE INC 64,810 1,798,000 0.27%
93 FLIR SYS INC 57,735 1,777,000 0.27%
94 LPL FINL HLDGS INC 38,240 1,775,000 0.27%
95 WADDELL & REED FINL INC 36,334 1,717,000 0.26%
96 IROBOT CORP 49,705 1,582,000 0.24%
97 QORVO INC 19,657 1,575,000 0.24%
98 Textura Corp 56,195 1,561,000 0.23%
99 IMAX CORP 38,762 1,558,000 0.23%
100 SVB FINANCIAL GROUP 10,785 1,551,000 0.23%
Page 2 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140771-15-000009, filed 2015.08.14).

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.