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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
51 GILEAD SCIENCES INC 47,117 3,727 0.57%
52 DICK'S SPORTING GOODS INC 64,703 3,669 0.56%
53 BECTON DICKINSON & CO 20,261 3,641 0.56%
54 INTERPUBLIC GROUP COS INC 161,895 3,618 0.55%
55 DU PONT E I DE NEMOURS & CO 53,661 3,593 0.55%
56 POTLATCH CORP 91,974 3,576 0.55%
57 EATON CORP PLC 53,394 3,508 0.54%
58 PRINCIPAL FINANCIAL GROUP 68,073 3,506 0.54%
59 LAS VEGAS SANDS CORP 59,564 3,427 0.52%
60 EXPRESS SCRIPTS HLDG CO 48,448 3,417 0.52%
61 State Street Corp. 48,734 3,393 0.52%
62 UNITED PARCEL SERVICE INC 30,791 3,367 0.51%
63 CELGENE CORP 32,162 3,361 0.51%
64 MORGAN STANLEY 103,547 3,319 0.51%
65 SILICON LABORATORIES INC 56,415 3,317 0.51%
66 FLOWSERVE CORP 68,150 3,287 0.50%
67 CHURCH & DWIGHT 67,929 3,255 0.50%
68 UNITED TECHNOLOGIES CORP 31,985 3,249 0.50%
69 NORDSTROM INC 62,525 3,243 0.50%
70 COLONY STARWOOD HOMES 112,640 3,232 0.49%
71 AMGEN INC 19,211 3,204 0.49%
72 BUFFALO WILD WINGS INC 22,523 3,169 0.48%
73 EXXON MOBIL CORP 36,295 3,167 0.48%
74 STARWOOD PROPERTY TRUST INC 139,424 3,139 0.48%
75 SHIRE PLC-ADR 15,828 3,068 0.47%
76 ALLIANCE DATA SYSTEMS CORP 13,987 3,000 0.46%
77 ALPHABET INC 3,719 2,990 0.46%
78 PRAXAIR INC 24,655 2,979 0.46%
79 3M CO 16,760 2,953 0.45%
80 PHILIP MORRIS INTL INC 29,925 2,909 0.44%
81 SPROUTS FARMERS MARKET INC 139,805 2,886 0.44%
82 MICROSOFT CORP 48,151 2,773 0.42%
83 REDWOOD TRUST INC 191,452 2,710 0.41%
84 WATERS CORP 16,984 2,691 0.41%
85 WELLS FARGO CO NEW 60,640 2,685 0.41%
86 DEVON ENERGY CORP 59,452 2,622 0.40%
87 First Republic Bank 33,960 2,618 0.40%
88 APPLE INC 22,679 2,563 0.39%
89 CHIPOTLE MEXICAN GRILL INC 6,005 2,543 0.39%
90 GILDAN ACTIVEWEAR INC 89,595 2,504 0.38%
91 MOSAIC CO NEW COM 101,329 2,478 0.38%
92 MICROCHIP TECHNOLOGY INC 39,770 2,471 0.38%
93 CARNIVAL CORP 50,632 2,471 0.38%
94 FEDEX CORP 13,851 2,419 0.37%
95 LEVEL 3 COMMUNICATIONS INC 51,874 2,405 0.37%
96 ALPHABET INC 3,027 2,352 0.36%
97 WAL-MART STORES INC 30,723 2,215 0.34%
98 MAXIM INTEGRATED PRODUCTS 55,234 2,205 0.34%
99 BAKER HUGHES INC 43,419 2,191 0.34%
100 MDU RESOURCES GROUP INC 85,704 2,180 0.33%
Page 2 of 11
Restatement filing (0001080107-16-000043) filed in 2016.11.18
#
Name
Shares
Value ($)
%
Options
Notes
1 LIFEVANTAGE CORP 142 1 0.00%
2 NATIONAL RETAIL PROPERTIES 55 2 0.00%
3 SMITH & WESSON HLDG 100 2 0.00%
4 CDK GLOBAL INC 51 2 0.00%
5 ISHR MTG BACKED 35 3 0.00%
6 IMAX CORP 120 3 0.00%
7 ATHENAHEALTH INC 30 3 0.00%
8 ALLEGHENY TECHNOLOGIES INC 235 4 0.00%
9 QORVO INC 80 4 0.00%
10 FLIR SYSTEMS INC 180 5 0.00%
11 WEYERHAEUSER CO 165 5 0.00%
12 BAXTER INTL INC 120 5 0.00%
13 KROGER CO COM 225 6 0.00%
14 FORTIVE CORP 125 6 0.00%
15 MOSAIC CO NEW COM 300 7 0.00%
16 SHIRE PLC-ADR 41 7 0.00%
17 ALLIANCE DATA SYSTEMS CORP 41 8 0.00%
18 COLONY STARWOOD HOMES 329 9 0.00%
19 HORIZON PHARMA PLC 540 9 0.00%
20 MARATHON OIL CORP 610 9 0.00%
21 LAS VEGAS SANDS CORP 170 9 0.00%
22 ALASKA AIR GROUP INC 165 10 0.00%
23 CALAVO GROWERS INC 155 10 0.00%
24 SELECT COMFORT CORPORATION 480 10 0.00%
25 Valspar Corporation 100 10 0.00%
26 MAXIM INTEGRATED PRODUCTS 265 10 0.00%
27 POTLATCH CORP 265 10 0.00%
28 MDU RESOURCES GROUP INC 445 11 0.00%
29 BAKER HUGHES INC 255 12 0.00%
30 GENUINE PARTS CO 125 12 0.00%
31 HALYARD HEALTH INC 359 12 0.00%
32 WAL-MART STORES INC 180 12 0.00%
33 BEMIS INC 254 12 0.00%
34 NEXTERA ENERGY INC 110 13 0.00%
35 BERKSHIRE HATHAWAY INC DEL 90 13 0.00%
36 GLACIER BANCORP INC 490 13 0.00%
37 Live Nation Entertainment, Inc 500 13 0.00%
38 CHUBB LIMITED 110 13 0.00%
39 STARBUCKS CORP 245 13 0.00%
40 PROCTER AND GAMBLE CO 145 13 0.00%
41 AT&T INC 335 13 0.00%
42 UNITED NAT FOODS INC 345 13 0.00%
43 FEDEX CORP 85 14 0.00%
44 SCHLUMBERGER LTD 180 14 0.00%
45 DOW CHEM CO 280 14 0.00%
46 ISHARES RUSSELL 2000 VALUE ETF 137 14 0.00%
47 USA TECHNOLOGIES INC 2,550 14 0.00%
48 COMCAST CORP NEW 215 14 0.00%
49 NOVARTIS A G 180 14 0.00%
50 MARTIN MARIETTA MATERIALS 80 14 0.00%
Page 1 of 11