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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 (2016Q3)
Original 13F HR (0001080107-16-000041) filed in 2016.11.14
#
Name
Shares
Value ($)
%
Options
Notes
451 BERKSHIRE HATHAWAY INC DEL 500 72 0.01%
452 BERKSHIRE HATHAWAY INC DEL 124 17 0.00%
453 BERKSHIRE HATHAWAY INC DEL 90 13 0.00%
454 BEMIS INC 254 12 0.00%
455 BECTON DICKINSON & CO 20,261 3,641 0.56%
456 BECTON DICKINSON & CO 120 21 0.00%
457 BECTON DICKINSON & CO 3,147 565 0.09%
458 BECTON DICKINSON & CO 3,110 558 0.09%
459 BECTON DICKINSON & CO 6,522 1,172 0.18%
460 BAXTER INTL INC 1,203 57 0.01%
461 BAXTER INTL INC 120 5 0.00%
462 BAXTER INTL INC 8,988 427 0.07%
463 BAXTER INTL INC 42,231 2,010 0.31%
464 BAXTER INTL INC 19,048 906 0.14%
465 BARCLAYS BK PLC 411 54 0.01%
466 BANK MONTREAL QUE 426 27 0.00%
467 BAKER HUGHES INC 255 12 0.00%
468 BAKER HUGHES INC 6,726 339 0.05%
469 BAKER HUGHES INC 6,731 339 0.05%
470 BAKER HUGHES INC 43,419 2,191 0.34%
471 BAKER HUGHES INC 14,089 711 0.11%
472 ATHENA HEALTH INC. 30 3 0.00%
473 AT&T INC 335 13 0.00%
474 AT&T INC 2,250 91 0.01%
475 APPLE INC 2,336 264 0.04%
476 APPLE INC 7,124 805 0.12%
477 APPLE INC 22,679 2,563 0.39%
478 APPLE INC 117,532 13,286 2.03%
479 APPLE INC 52,030 5,881 0.90%
480 APACHE CORP 4,103 262 0.04%
481 AMGEN INC 110 18 0.00%
482 AMGEN INC 2,971 495 0.08%
483 AMGEN INC 2,950 492 0.08%
484 AMGEN INC 19,211 3,204 0.49%
485 AMGEN INC 6,583 1,098 0.17%
486 AMERICAN EXPRESS CO 608 38 0.01%
487 AMERICAN ELEC PWR INC 1,690 108 0.02%
488 AMAZON COM INC 75 62 0.01%
489 ALTRIA GROUP INC 1,000 63 0.01%
490 ALPHABET INC 289 224 0.03%
491 ALPHABET INC 1,148 892 0.14%
492 ALPHABET INC 3,027 2,352 0.36%
493 ALPHABET INC 15,914 12,369 1.89%
494 ALPHABET INC 6,562 5,100 0.78%
495 ALPHABET INC 72 57 0.01%
496 ALPHABET INC 207 166 0.03%
497 ALPHABET INC 705 566 0.09%
498 ALPHABET INC 1,908 1,534 0.23%
499 ALPHABET INC 3,719 2,990 0.46%
500 ALLIANCE DATA SYSTEMS CORP 6,119 1,312 0.20%
Page 10 of 11
Restatement filing (0001080107-16-000043) filed in 2016.11.18
#
Name
Shares
Value ($)
%
Options
Notes
1 MICROSOFT CORP 243,427 14,021 2.14%
2 APPLE INC 117,532 13,286 2.03%
3 ALPHABET INC 15,914 12,369 1.89%
4 JPMORGAN CHASE & CO 169,686 11,299 1.73%
5 GENERAL ELECTRIC CO 348,710 10,328 1.58%
6 CHEVRON CORP NEW 90,890 9,354 1.43%
7 PFIZER INC 273,985 9,279 1.42%
8 GILEAD SCIENCES INC 117,025 9,259 1.42%
9 STATE STR CORP 127,476 8,876 1.36%
10 JOHNSON & JOHNSON 74,853 8,842 1.35%
11 FLOWSERVE CORP 173,977 8,392 1.28%
12 STARWOOD PPTY TR INC 362,245 8,157 1.25%
13 MORGAN STANLEY 243,975 7,821 1.20%
14 SPROUTS FMRS MKT INC 373,235 7,707 1.18%
15 PEPSICO INC 69,712 7,582 1.16%
16 DEVON ENERGY CORP NEW 159,800 7,048 1.08%
17 UNITED PARCEL SERVICE INC 62,256 6,808 1.04%
18 NORDSTROM INC 131,087 6,800 1.04%
19 WELLS FARGO CO NEW 145,869 6,459 0.99%
20 LEVEL 3 COMMUNICATIONS INC 137,048 6,356 0.97%
21 FIRST REP BK SAN FRANCISCO C 82,150 6,334 0.97%
22 MICROSOFT CORP 106,223 6,118 0.94%
23 APPLE INC 52,030 5,881 0.90%
24 MICROCHIP TECHNOLOGY INC. 91,549 5,688 0.87%
25 PHILIP MORRIS INTL INC 56,888 5,530 0.85%
26 FLEETMATICS GROUP PLC 86,910 5,212 0.80%
27 SCHLUMBERGER LTD 65,088 5,118 0.78%
28 ALPHABET INC 6,562 5,100 0.78%
29 CARNIVAL CORP 103,111 5,033 0.77%
30 JPMORGAN CHASE & CO 74,172 4,939 0.76%
31 ZOETIS INC 94,510 4,915 0.75%
32 COMCAST CORP NEW 73,976 4,907 0.75%
33 MARTIN MARIETTA MATLS INC 27,044 4,843 0.74%
34 GENERAL ELECTRIC CO 163,340 4,838 0.74%
35 WAL-MART STORES INC 64,654 4,662 0.71%
36 JOHNSON & JOHNSON 37,607 4,442 0.68%
37 PEPSICO INC 39,838 4,333 0.66%
38 LABORATORY CORP AMER HLDGS 31,001 4,262 0.65%
39 PFIZER INC 125,750 4,259 0.65%
40 D R HORTON INC 140,751 4,250 0.65%
41 FORTINET INC 114,765 4,238 0.65%
42 SEMPRA ENERGY 39,259 4,208 0.64%
43 CHEVRON CORP NEW 40,842 4,203 0.64%
44 INTUIT 37,665 4,143 0.63%
45 TWENTY FIRST CENTY FOX INC 165,832 4,016 0.61%
46 CISCO SYS INC 124,320 3,943 0.60%
47 MAXIM INTEGR 96,630 3,858 0.59%
48 ALASKA AIR GROUP INC 58,206 3,833 0.59%
49 MDU RES GROUP INC 148,650 3,781 0.58%
50 NIELSEN HLDGS PLC 69,985 3,749 0.57%
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