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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
401 HALLIBURTON CO 575 25 0.00%
402 FACEBOOK INC 200 25 0.00%
403 QUEST DIAGNOSTICS INC 300 25 0.00%
404 FORTINET INC 685 25 0.00%
405 LABORATORY CORP AMER HLDGS 185 25 0.00%
406 INTUIT 220 24 0.00%
407 WOODWARD INC 395 24 0.00%
408 MASIMO CORP 415 24 0.00%
409 Terreno Realty Corp 905 24 0.00%
410 JOHNSON & JOHNSON 200 23 0.00%
411 CAMDEN PROPERTY TRUS 275 23 0.00%
412 INTERPUBLIC GROUP COS INC 990 22 0.00%
413 PUBLIC STORAGE 100 22 0.00%
414 NIELSEN HLDGS PLC 420 22 0.00%
415 U S PHYSICAL THERAPY COM 360 22 0.00%
416 CISCO SYS INC 725 22 0.00%
417 BECTON DICKINSON & CO 120 21 0.00%
418 EQUITY COMWLTH COM SH BEN INT 700 21 0.00%
419 SIMPSON MFG INC COM 500 21 0.00%
420 DICKS SPORTING GOODS INC 385 21 0.00%
421 CoBiz Financial Inc 1,650 21 0.00%
422 BRISTOL MYERS SQUIBB CO 400 21 0.00%
423 EATON CORP PLC 320 21 0.00%
424 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 190 21 0.00%
425 DU PONT E I DE NEMOURS & CO 315 21 0.00%
426 CELGENE CORP 195 20 0.00%
427 PRINCIPAL FIN GROUP 400 20 0.00%
428 DOMINION ENERGY INC 275 20 0.00%
429 MCKESSON CORP 125 20 0.00%
430 EXPRESS SCRIPTS HLDG CO 280 19 0.00%
431 Silicon Laboratories Inc 340 19 0.00%
432 DANAHER CORP DEL 250 19 0.00%
433 CAPELLA EDUCATION 340 19 0.00%
434 ORACLE CORP 500 19 0.00%
435 EMERSON ELEC CO 350 19 0.00%
436 TEVA PHARMACEUTICAL INDS LTD 425 19 0.00%
437 AMGEN INC 110 18 0.00%
438 CHURCH & DWIGHT 390 18 0.00%
439 BUFFALO WILD WINGS INC 135 18 0.00%
440 UNITED PARCEL SERVICE INC 165 18 0.00%
441 UNITED TECHNOLOGIES CORP 185 18 0.00%
442 FORD MTR CO DEL 1,455 17 0.00%
443 MCDONALDS CORP 155 17 0.00%
444 3M CO 100 17 0.00%
445 MONSANTO CO NEW 175 17 0.00%
446 CKEC 2017-01-20 33.000 C A OPQ 525 17 0.00%
447 PRAXAIR INC 145 17 0.00%
448 BERKSHIRE HATHAWAY INC DEL 124 17 0.00%
449 EXXON MOBIL CORP 205 17 0.00%
450 GREEN DOT CORP CL A 745 17 0.00%
Page 9 of 11