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Institutional Investment Manager
Willis Investment Counsel
Willis Investment Counsel (CIK: 0001310929) incorporated in Georgia, located at 710 Green Street, Gainesville, GA. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q2)
Portfolio Summary: 129 holdings with a total value of $1,052,211,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 MICROSOFT CORP 542,977 23,972,000 2.28%
2 BB&T CORP 586,545 23,644,000 2.25%
3 JOHNSON & JOHNSON 241,515 23,538,000 2.24%
4 AFLAC INC 362,955 22,576,000 2.15%
5 PFIZER INC 635,644 21,313,000 2.03%
6 KOHLS 331,360 20,746,000 1.97%
7 CISCO SYS INC 737,412 20,249,000 1.92%
8 INTEL CORP 631,105 19,195,000 1.82%
9 LILLY ELI & CO 201,000 16,781,000 1.59%
10 EXXON MOBIL CORP 199,000 16,557,000 1.57%
11 MERCK & CO INC 284,100 16,174,000 1.54%
12 WASTE MGMT INC DEL 343,100 15,903,000 1.51%
13 WELLS FARGO & CO NEW 279,395 15,713,000 1.49%
14 JPMORGAN CHASE & CO 228,100 15,456,000 1.47%
15 CATERPILLAR INC 176,290 14,953,000 1.42%
16 TARGET CORP 181,500 14,816,000 1.41%
17 MAXIM INTEGR 426,300 14,739,000 1.40%
18 GLAXOSMITHKLINE PLC 347,100 14,457,000 1.37%
19 AT&T INC 403,900 14,346,000 1.36%
20 GENUINE PARTS CO 159,000 14,235,000 1.35%
21 VERIZON COMMUNICATIONS INC 295,800 13,787,000 1.31%
22 MCDONALDS CORP 139,200 13,234,000 1.26%
23 DU PONT E I DE NEMOURS & CO 206,100 13,180,000 1.25%
24 ROYAL DUTCH SHELL PLC 227,270 12,957,000 1.23%
25 GENERAL ELECTRIC CO 460,400 12,233,000 1.16%
26 PEPSICO INC 129,960 12,130,000 1.15%
27 PHILIP MORRIS INTL INC 149,600 11,993,000 1.14%
28 PAYCHEX INC 255,400 11,973,000 1.14%
29 AMERICAN ELEC P 225,100 11,924,000 1.13%
30 BAXTER INTL INC 164,600 11,510,000 1.09%
31 CHEVRON CORP NEW 113,900 10,988,000 1.04%
32 INTERNATIONAL BUSINESS MACHS 67,500 10,980,000 1.04%
33 BP PLC 274,500 10,969,000 1.04%
34 CA INC 373,500 10,940,000 1.04%
35 EATON CORP PLC 160,300 10,819,000 1.03%
36 KELLOGG CO 172,100 10,791,000 1.03%
37 SYSCO CORP 297,600 10,743,000 1.02%
38 COCA COLA CO 271,000 10,631,000 1.01%
39 KIMBERLY CLARK CORP 98,100 10,396,000 0.99%
40 UNITED PARCEL SERVICE INC 106,700 10,340,000 0.98%
41 ENSCO PLC 456,800 10,173,000 0.97%
42 ACE LTD 98,000 9,965,000 0.95%
43 VODAFONE GROUP PLC NEW 266,800 9,725,000 0.92%
44 CONOCOPHILLIPS 153,600 9,432,000 0.90%
45 WAL-MART STORES INC 131,100 9,299,000 0.88%
46 PPL CORP 312,800 9,218,000 0.88%
47 DARDEN RESTAURANTS INC 126,100 8,963,000 0.85%
48 NUCOR CORP 199,800 8,805,000 0.84%
49 BHP BILLITON LTD 208,075 8,471,000 0.81%
50 PROCTER AND GAMBLE CO 107,700 8,426,000 0.80%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001310929-15-000007, filed 2015.08.13).

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.