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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
51 SIMON PPTY GROUP INC NEW 97,413 16,758,000 0.57%
52 SCHLUMBERGER LTD 210,232 16,419,000 0.56%
53 Maxim Integrated Products Inc 362,781 16,311,000 0.56%
54 SYMANTEC CORP 530,428 16,274,000 0.56%
55 PAYCHEX INC 273,526 16,111,000 0.55%
56 DISCOVER FINL SVCS 229,151 15,672,000 0.54%
57 ROYAL DUTCH SHELL PLC 279,697 15,615,000 0.54%
58 ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF 175,708 15,424,000 0.53%
59 PEOPLES UNITED FINANCIAL INC 847,309 15,421,000 0.53%
60 EOG Resources Inc 157,518 15,366,000 0.53%
61 NATIONAL RETAIL PPTYS INC 350,491 15,288,000 0.52%
62 EMERSON ELEC CO 251,926 15,080,000 0.52%
63 BANK AMER CORP 638,071 15,052,000 0.52%
64 MATTEL INC 587,113 15,036,000 0.52%
65 SUNTRUST BKS INC 266,588 14,742,000 0.51%
66 Adobe Systems Inc 111,890 14,560,000 0.50%
67 BROADCOM LTD F 66,162 14,487,000 0.50%
68 TEXAS INSTRS INC 178,032 14,342,000 0.49%
69 HONEYWELL INTL INC 114,170 14,256,000 0.49%
70 GLAXOSMITHKLINE PLC SPONSORED 336,668 14,194,000 0.49%
71 CHUBB LIMITED 103,169 14,057,000 0.48%
72 ABBOTT LABS 312,747 13,889,000 0.48%
73 SOUTHWEST AIRLS CO 253,897 13,650,000 0.47%
74 METLIFE INC 258,001 13,628,000 0.47%
75 MACQUARIE INFRASTRUCTURE COR 166,675 13,431,000 0.46%
76 Allergan PLC 55,070 13,157,000 0.45%
77 APPLIED MATLS INC 338,057 13,150,000 0.45%
78 WESTERN DIGITAL CORP 158,877 13,112,000 0.45%
79 DIGITAL RLTY TR INC 121,253 12,900,000 0.44%
80 LAS VEGAS SANDS CORP 225,974 12,896,000 0.44%
81 EPR Properties 174,403 12,841,000 0.44%
82 CINCINNATI FINL CORP 176,376 12,747,000 0.44%
83 ISHARES TR 105,799 12,475,000 0.43%
84 BlackRock Inc 32,284 12,381,000 0.42%
85 UNITED PARCEL SERVICE INC 115,372 12,379,000 0.42%
86 TUPPERWARE BRANDS CORP 196,557 12,328,000 0.42%
87 KRAFT HEINZ CO 133,803 12,151,000 0.42%
88 UNITED TECHNOLOGIES CORP 107,871 12,104,000 0.42%
89 AMERICAN TOWER CORP REIT 99,385 12,079,000 0.41%
90 Invesco Ltd 393,409 12,050,000 0.41%
91 TARGET CORP 218,266 12,046,000 0.41%
92 MORGAN STANLEY 278,321 11,923,000 0.41%
93 DISNEY WALT CO 104,476 11,847,000 0.41%
94 US BANCORP DEL 220,023 11,331,000 0.39%
95 ORACLE CORPORATION 253,672 11,316,000 0.39%
96 COMCAST CORP NEW 290,452 10,918,000 0.37%
97 AUTOMATIC DATA PROCESSING IN 106,561 10,911,000 0.37%
98 WALGREENS BOOTS ALLIANCE INC 130,601 10,846,000 0.37%
99 LINCOLN NATL CORP IND 153,901 10,073,000 0.35%
100 BRISTOL MYERS SQUIBB CO 179,252 9,748,000 0.33%
Page 2 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.