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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 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%
Page 1 of 11
Restatement filing (0001080107-16-000043) filed in 2016.11.18
#
Name
Shares
Value ($)
%
Options
Notes
101 SEMPRA ENERGY 12,617 1,352 0.21%
102 SEMPRA ENERGY 235 25 0.00%
103 SELECT COMFORT CORP 480 10 0.00%
104 SCHWAB CHARLES CORP 12,800 404 0.06%
105 SCHLUMBERGER LTD 65,088 5,118 0.78%
106 SCHLUMBERGER LTD 27,687 2,177 0.33%
107 SCHLUMBERGER LTD 14,870 1,169 0.18%
108 SCHLUMBERGER LTD 1,790 140 0.02%
109 SCHLUMBERGER LTD 180 14 0.00%
110 SANOFI 445 16 0.00%
111 REDWOOD TR INC 29,325 415 0.06%
112 REDWOOD TR INC 29,458 417 0.06%
113 REDWOOD TR INC 1,120 15 0.00%
114 REDWOOD TR INC 191,452 2,710 0.41%
115 REDWOOD TR INC 62,083 879 0.13%
116 REALPAGE INC 1,140 29 0.00%
117 QUEST DIAGNOSTICS INC 300 25 0.00%
118 QORVO INC 80 4 0.00%
119 PUBLIC STORAGE 100 22 0.00%
120 PROCTER AND GAMBLE CO 145 13 0.00%
121 PROCTER AND GAMBLE CO 1,250 112 0.02%
122 PRINCIPAL FIN GROUP 10,500 540 0.08%
123 PRINCIPAL FIN GROUP 400 20 0.00%
124 PRINCIPAL FIN GROUP 68,073 3,506 0.54%
125 PRINCIPAL FIN GROUP 21,674 1,116 0.17%
126 PRINCIPAL FIN GROUP 10,568 544 0.08%
127 PRICE T ROWE GROUP INC 1,975 131 0.02%
128 PRAXAIR INC 3,837 463 0.07%
129 PRAXAIR INC 145 17 0.00%
130 PRAXAIR INC 3,818 461 0.07%
131 PRAXAIR INC 7,993 965 0.15%
132 PRAXAIR INC 24,655 2,979 0.46%
133 POTLATCH CORP NEW 39,445 1,534 0.23%
134 POTLATCH CORP NEW 19,685 765 0.12%
135 POTLATCH CORP NEW 91,974 3,576 0.55%
136 POTLATCH CORP NEW 265 10 0.00%
137 POTLATCH CORP NEW 2,540 98 0.01%
138 PNC FINL SVCS GROUP INC 791 71 0.01%
139 PHILLIPS 66 1,132 91 0.01%
140 PHILIP MORRIS INTL INC 1,685 163 0.02%
141 PHILIP MORRIS INTL INC 165 16 0.00%
142 PHILIP MORRIS INTL INC 29,925 2,909 0.44%
143 PHILIP MORRIS INTL INC 56,888 5,530 0.85%
144 PHILIP MORRIS INTL INC 12,290 1,194 0.18%
145 PFIZER INC 776 26 0.00%
146 PFIZER INC 7,891 267 0.04%
147 PFIZER INC 125,750 4,259 0.65%
148 PFIZER INC 273,985 9,279 1.42%
149 PFIZER INC 59,332 2,009 0.31%
150 PEPSICO INC 5,410 588 0.09%
Page 3 of 11