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Institutional Investment Manager
Avalon Investment & Advisory
Avalon Investment & Advisory (CIK: 0001221362) incorporated in Delaware, located at 2929 Allen Parkway, Houston, TX. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q3)
Portfolio Summary: 303 holdings with a total value of $2,659,425,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 Verisk Analytics 23,219 1,887,000 0.07%
152 RESMED INC 29,055 1,882,000 0.07%
153 F5 NETWORKS INC 14,946 1,863,000 0.07%
154 NAVIGATORS GROUP INC 19,130 1,854,000 0.07%
155 AQUA AMERICA INC 59,990 1,828,000 0.07%
156 ROLLINS INC 61,707 1,807,000 0.07%
157 Pinnacle Foods Inc 35,591 1,786,000 0.07%
158 Omnicell Inc 46,601 1,785,000 0.07%
159 VCA INCORPORATED 25,067 1,754,000 0.07%
160 WASTE CONNECTIONSINC 23,418 1,749,000 0.07%
161 WPP PLC 14,771 1,739,000 0.07%
162 MICROSEMI CORP 41,247 1,732,000 0.07%
163 Capital Bank Financial Corp Cl 53,766 1,726,000 0.06%
164 FACTSET RESH SYS INC 10,480 1,699,000 0.06%
165 MASCO CORP 49,265 1,690,000 0.06%
166 SBA COMMUN 14,944 1,676,000 0.06%
167 MARRIOTT VACATIONS WORLDWIDE C COM 22,672 1,662,000 0.06%
168 BRITISH AMERN TOB PLC 12,691 1,620,000 0.06%
169 BUCKEYE PARTNERS L P 22,423 1,605,000 0.06%
170 CONTINENTAL RESOURE 30,883 1,605,000 0.06%
171 SODASTREAM INTERNATIONAL LTD 59,933 1,592,000 0.06%
172 CONCHO RES INC 11,550 1,586,000 0.06%
173 HOLLY ENERGY PARTNERS L P 46,424 1,575,000 0.06%
174 INSPERITY INC COM 21,285 1,546,000 0.06%
175 UMPQUA HLDGS CORP 101,544 1,528,000 0.06%
176 PHILLIPS 66 18,817 1,516,000 0.06%
177 INVESTORS BANCORP INC 121,455 1,459,000 0.05%
178 ISHARES TR 11,664 1,449,000 0.05%
179 SAP SE 15,487 1,416,000 0.05%
180 BROOKFIELD INFRAST PARTNERS 40,851 1,415,000 0.05%
181 HALLIBURTON CO 31,279 1,404,000 0.05%
182 Fabrinet 30,979 1,381,000 0.05%
183 NATIONAL GRID PLC 19,043 1,354,000 0.05%
184 Nidec Corp - ADR 58,943 1,350,000 0.05%
185 NEWFIELD EXPL CO 30,355 1,319,000 0.05%
186 INTERCONTINENTAL HOTELS - ADR 31,265 1,302,000 0.05%
187 NTT Docomo Inc Sp ADR 50,662 1,287,000 0.05%
188 CYPRESS SEMICONDUCTOR CORP 103,695 1,261,000 0.05%
189 ENERGY TRANSFER PART LP 33,681 1,246,000 0.05%
190 OLLIES BARGAIN OUTLET HLDGS IN COM 47,478 1,244,000 0.05%
191 J & J SNACK FOODS CORP COM 10,381 1,237,000 0.05%
192 CDN IMPERIAL BK COMM TORONTO 15,809 1,226,000 0.05%
193 U.S. Physical Therapy Inc 19,206 1,204,000 0.05%
194 ANHEUSER BUSH INBEV SA/NV 9,063 1,191,000 0.04%
195 ICON PLC 15,291 1,183,000 0.04%
196 OASIS PETE INC NEW 103,118 1,183,000 0.04%
197 ARAMARK 30,845 1,173,000 0.04%
198 VANTIV CL A 20,429 1,150,000 0.04%
199 CoreSite Realty Corp 15,468 1,145,000 0.04%
200 SERVICEMASTER GLOBAL HOLDINGS 33,917 1,142,000 0.04%
Page 4 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001221362-16-000021, filed 2016.11.14).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.