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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
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 COM 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 COMM 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 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%
Page 1 of 11
Restatement filing (0001080107-16-000043) filed in 2016.11.18
#
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 COMM 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 POTLATCHDELTIC CORPORATION 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