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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 (2017Q1)
Portfolio Summary: 348 holdings with a total value of $2,915,179,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 Exxon Mobil Corp 1,110,645 91,084,000 3.12%
2 MICROSOFT CORP 1,157,312 76,221,000 2.61%
3 PROCTER AND GAMBLE CO 634,287 56,991,000 1.95%
4 AT&T Inc New 1,336,151 55,517,000 1.90%
5 APPLE INC 348,494 50,065,000 1.72%
6 PFIZER INC 1,430,881 48,950,000 1.68%
7 CISCO SYSTEMS INC 1,339,868 45,288,000 1.55%
8 MERCK & CO INC 707,389 44,948,000 1.54%
9 GENERAL ELECTRIC CO 1,508,134 44,942,000 1.54%
10 Verizon Communications Inc 919,407 44,821,000 1.54%
11 INTERNATIONAL BUSINESS MACHS 243,162 42,344,000 1.45%
12 BOEING CO 236,479 41,824,000 1.43%
13 CHEVRON CORP NEW 375,995 40,371,000 1.38%
14 WELLS FARGO & CO NEW 718,706 40,003,000 1.37%
15 PEPSICO INC 337,910 37,799,000 1.30%
16 PHILIP MORRIS INTL INC 331,415 37,417,000 1.28%
17 Altria Group, Inc. 516,327 36,876,000 1.26%
18 JOHNSON & JOHNSON 295,425 36,795,000 1.26%
19 LOCKHEED MARTIN CORP 137,456 36,783,000 1.26%
20 COCA COLA CO 851,381 36,133,000 1.24%
21 AMAZON COM INC 38,785 34,384,000 1.18%
22 DOW CHEM CO 540,479 34,342,000 1.18%
23 INTEL CORP 927,695 33,462,000 1.15%
24 Alphabet Inc Cap Stock Cl A 36,166 30,662,000 1.05%
25 MCDONALDS CORP 227,643 29,505,000 1.01%
26 INTL PAPER CO 579,108 29,407,000 1.01%
27 Duke Energy Corp 352,314 28,893,000 0.99%
28 UnitedHealth Group Inc 164,677 27,009,000 0.93%
29 BERKSHIRE HATHAWAY INC DEL 155,581 25,932,000 0.89%
30 KIMBERLY CLARK CORP 195,898 25,786,000 0.88%
31 WAL-MART STORES INC 346,648 24,986,000 0.86%
32 LAMAR ADVERTISING CO NEW CL A 331,634 24,786,000 0.85%
33 JPMorgan Chase & Co 272,138 23,905,000 0.82%
34 ISHARES TR 616,167 23,846,000 0.82%
35 AMGEN INC 142,657 23,406,000 0.80%
36 Facebook Inc Cl A 164,439 23,359,000 0.80%
37 SOUTHERN CO 462,244 23,011,000 0.79%
38 Center Point Energy Inc 831,114 22,914,000 0.79%
39 LILLY ELI & CO 268,895 22,617,000 0.78%
40 DOMINION RES INC VA NEW 288,277 22,362,000 0.77%
41 AbbVie Inc 342,641 22,326,000 0.77%
42 ENTERPRISE PRODS PARTNERS L 798,915 22,058,000 0.76%
43 HOME DEPOT INC 130,723 19,194,000 0.66%
44 3M Co 96,852 18,531,000 0.64%
45 Plains Group Hlgs LP A 590,208 18,450,000 0.63%
46 BB&T CORP 410,093 18,331,000 0.63%
47 VISA INC CL A COMMON STOCK 205,701 18,281,000 0.63%
48 CMS ENERGY CORP 396,858 17,755,000 0.61%
49 BECTON DICKINSON & CO 95,273 17,477,000 0.60%
50 CROWN CASTLE INTL CORP NEW 179,334 16,938,000 0.58%
Page 1 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001221362-17-000005, filed 2017.05.15).

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.