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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
151 BECTON DICKINSON & CO 6,522 1,172 0.18%
152 SCHLUMBERGER LTD 14,870 1,169 0.18%
153 LEVEL 3 COMMUNICATIONS INC 25,055 1,162 0.18%
154 MOSAIC CO NEW 47,365 1,158 0.18%
155 FIRST REP BK SAN FRANCISCO C 15,010 1,157 0.18%
156 TWENTY FIRST CENTY FOX INC 47,045 1,139 0.17%
157 PRINCIPAL FIN GROUP 21,674 1,116 0.17%
158 CARNIVAL CORP 22,565 1,101 0.17%
159 AMGEN INC 6,583 1,098 0.17%
160 EXPRESS SCRIPTS HLDG CO 15,521 1,094 0.17%
161 CELGENE CORP 10,415 1,088 0.17%
162 COMCAST CORP NEW 16,365 1,085 0.17%
163 SILICON LABORATORIES INC 18,145 1,066 0.16%
164 ZOETIS INC 20,305 1,056 0.16%
165 MARTIN MARIETTA MATLS INC 5,860 1,049 0.16%
166 CHURCH & DWIGHT 21,728 1,041 0.16%
167 BUFFALO WILD WINGS INC 7,233 1,017 0.16%
168 WAL-MART STORES INC 13,935 1,004 0.15%
169 ISHARES TR 18,000 992 0.15%
170 PRAXAIR INC 7,993 965 0.15%
171 ISHARES TR 8,698 957 0.15%
172 ORACLE CORP 24,266 953 0.15%
173 NIKE INC 17,306 911 0.14%
174 BAXTER INTL INC 19,048 906 0.14%
175 ALPHABET INC 1,148 892 0.14%
176 REDWOOD TR INC 62,083 879 0.13%
177 MAXIM INTEGR 21,680 865 0.13%
178 WATERS CORP 5,405 856 0.13%
179 FEDEX CORP 4,890 854 0.13%
180 MARATHON OIL CORP 53,747 849 0.13%
181 MDU RES GROUP INC 33,200 844 0.13%
182 CHIPOTLE MEXICAN GRILL INC 1,956 828 0.13%
183 ALASKA AIR GROUP INC 12,510 823 0.13%
184 D R HORTON INC 27,175 820 0.13%
185 GILDAN ACTIVEWEAR INC 29,065 812 0.12%
186 FLEETMATICS GROUP PLC 13,522 811 0.12%
187 APPLE INC 7,124 805 0.12%
188 FLEETMATICS GROUP PLC 13,160 789 0.12%
189 JPMORGAN CHASE & CO 11,603 772 0.12%
190 POTLATCH CORP NEW 19,685 765 0.12%
191 LAS VEGAS SANDS CORP 12,865 740 0.11%
192 SPROUTS FMRS MKT INC 35,536 733 0.11%
193 BAKER HUGHES INC 14,089 711 0.11%
194 GILEAD SCIENCES INC 8,923 705 0.11%
195 MICROSOFT CORP 12,094 696 0.11%
196 COLONY STARWOOD HOMES 24,239 695 0.11%
197 LABORATORY CORP AMER HLDGS 4,887 671 0.10%
198 LABORATORY CORP AMER HLDGS 4,856 667 0.10%
199 FORTINET INC 17,913 661 0.10%
200 ALLIANCE DATA SYSTEMS CORP 3,060 656 0.10%
Page 4 of 11
Restatement filing (0001080107-16-000043) filed in 2016.11.18
#
Name
Shares
Value ($)
%
Options
Notes
1 ZOETIS INC 20,305 1,056 0.16%
2 ZOETIS INC 276 14 0.00%
3 ZOETIS INC 2,590 134 0.02%
4 ZOETIS INC 40,939 2,129 0.33%
5 ZOETIS INC 94,510 4,915 0.75%
6 ZIMMER BIOMET HLDGS INC 235 30 0.00%
7 XILINX INC 525 28 0.00%
8 WOODWARD INC 395 24 0.00%
9 WEYERHAEUSER CO 49,420 1,578 0.24%
10 WEYERHAEUSER CO 60,258 1,924 0.29%
11 WEYERHAEUSER CO 1,683 53 0.01%
12 WEYERHAEUSER CO 165 5 0.00%
13 WEYERHAEUSER CO 12,488 398 0.06%
14 WELLS FARGO CO NEW 145,869 6,459 0.99%
15 WELLS FARGO CO NEW 60,640 2,685 0.41%
16 WELLS FARGO CO NEW 12,799 566 0.09%
17 WELLS FARGO CO NEW 2,265 100 0.02%
18 WELLS FARGO CO NEW 27,064 1,198 0.18%
19 WATERS CORP 2,580 408 0.06%
20 WATERS CORP 2,474 392 0.06%
21 WATERS CORP 100 15 0.00%
22 WATERS CORP 5,405 856 0.13%
23 WATERS CORP 16,984 2,691 0.41%
24 WALGREENS BOOTS ALLIANCE INC 450 36 0.01%
25 WAL-MART STORES INC 13,935 1,004 0.15%
26 WAL-MART STORES INC 1,870 134 0.02%
27 WAL-MART STORES INC 30,723 2,215 0.34%
28 WAL-MART STORES INC 64,654 4,662 0.71%
29 WAL-MART STORES INC 180 12 0.00%
30 WADDELL & REED FINL INC 5,664 102 0.02%
31 VULCAN MATLS CO 580 65 0.01%
32 VISA INC 1,020 84 0.01%
33 VERIZON COMMUNICATIONS INC 4,308 223 0.03%
34 VENTAS INC 471 33 0.01%
35 VALSPAR CORP 100 10 0.00%
36 USA TECHNOLOGIES INC 2,550 14 0.00%
37 US BANCORP DEL 8,488 364 0.06%
38 UNITEDHEALTH GROUP INC 954 133 0.02%
39 UNITED TECHNOLOGIES CORP 31,985 3,249 0.50%
40 UNITED TECHNOLOGIES CORP 14,074 1,429 0.22%
41 UNITED TECHNOLOGIES CORP 4,825 490 0.07%
42 UNITED TECHNOLOGIES CORP 4,923 500 0.08%
43 UNITED TECHNOLOGIES CORP 185 18 0.00%
44 UNITED PARCEL SERVICE INC 30,791 3,367 0.51%
45 UNITED PARCEL SERVICE INC 62,256 6,808 1.04%
46 UNITED PARCEL SERVICE INC 14,180 1,550 0.24%
47 UNITED PARCEL SERVICE INC 165 18 0.00%
48 UNITED PARCEL SERVICE INC 1,590 173 0.03%
49 UNITED NATURAL FOODSINC 29,358 1,175 0.18%
50 UNITED NATURAL FOODSINC 2,679 107 0.02%
Page 1 of 11