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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 (2016Q4)
Portfolio Summary: 330 holdings with a total value of $2,772,319,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 Exxon Mobil Corp 1,113,499 100,504,000 3.63%
2 MICROSOFT CORP 1,248,058 77,554,000 2.80%
3 AT&T Inc New 1,458,435 62,027,000 2.24%
4 JPMorgan Chase & Co 687,705 59,342,000 2.14%
5 GENERAL ELECTRIC CO 1,832,945 57,921,000 2.09%
6 VERIZON COMMUNICATIONS 1,024,626 54,695,000 1.97%
7 PROCTER AND GAMBLE CO 616,921 51,871,000 1.87%
8 PFIZER INC 1,412,476 45,877,000 1.65%
9 CHEVRON CORP NEW 377,867 44,475,000 1.60%
10 ALTRIA GROUP INC 630,298 42,621,000 1.54%
11 Cisco Systems Inc 1,406,604 42,508,000 1.53%
12 MERCK & CO INC 701,445 41,294,000 1.49%
13 APPLE INC 343,075 39,735,000 1.43%
14 INTERNATIONAL BUSINESS MACHS 239,076 39,684,000 1.43%
15 BOEING CO 249,244 38,802,000 1.40%
16 DUKE ENERGY CORPORATION HOLDIN 494,755 38,403,000 1.39%
17 PEPSICO INC 330,582 34,589,000 1.25%
18 LOCKHEED MARTIN CORP 138,233 34,550,000 1.25%
19 DOMINION RES INC VA NEW 450,750 34,523,000 1.25%
20 COCA COLA CO 821,368 34,054,000 1.23%
21 INTEL CORP 938,226 34,029,000 1.23%
22 JOHNSON & JOHNSON 295,113 34,000,000 1.23%
23 WELLS FARGO & CO NEW 615,783 33,936,000 1.22%
24 DOW CHEM CO 540,546 30,930,000 1.12%
25 INTL PAPER CO 580,380 30,795,000 1.11%
26 PHILIP MORRIS INTL INC 330,273 30,217,000 1.09%
27 AMAZON COM INC 39,088 29,311,000 1.06%
28 ALAPHABET INC 36,672 29,061,000 1.05%
29 MCDONALDS CORP 231,088 28,128,000 1.01%
30 AbbVie Inc 433,573 27,150,000 0.98%
31 UNITED PARCEL SERVICE INC 227,851 26,121,000 0.94%
32 UNITEDHEALTH GROUP INC 159,118 25,465,000 0.92%
33 BERKSHIRE HATHAWAY INC DEL 149,093 24,299,000 0.88%
34 SIMON PROPERTY GROUP 131,329 23,333,000 0.84%
35 ISHARES TR 616,279 22,932,000 0.83%
36 AMGEN INC 153,152 22,392,000 0.81%
37 SOUTHERN CO 454,033 22,334,000 0.81%
38 LAMAR ADVERTISING CO NEW CL A 332,123 22,332,000 0.81%
39 BB&T CORP 469,979 22,098,000 0.80%
40 WAL-MART STORES INC 318,394 22,007,000 0.79%
41 KIMBERLY CLARK CORP 192,705 21,992,000 0.79%
42 ENTERPRISE PRODS PARTNERS L 801,806 21,681,000 0.78%
43 Center Point Energy Inc 830,824 20,472,000 0.74%
44 FACEBOOK INC CL A 160,264 18,438,000 0.67%
45 HOME DEPOT INC 130,352 17,478,000 0.63%
46 3M Co 97,380 17,389,000 0.63%
47 SCHLUMBERGER LTD 204,396 17,159,000 0.62%
48 PAYCHEX INC 274,296 16,699,000 0.60%
49 CMS ENERGY CORP 397,290 16,535,000 0.60%
50 PEOPLE'S UNITED FIN 848,083 16,419,000 0.59%
Page 1 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001221362-17-000003, filed 2017.02.14).

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.