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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 (2016Q1)
Portfolio Summary: 126 holdings with a total value of $1,139,389,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 CISCO SYS INC 1,012,417 28,824,000 2.53%
2 JOHNSON & JOHNSON 249,868 27,036,000 2.37%
3 MICROSOFT CORP 466,208 25,749,000 2.26%
4 INTEL CORP 746,544 24,151,000 2.12%
5 AFLAC INC 368,517 23,268,000 2.04%
6 BB&T CORP 660,840 21,986,000 1.93%
7 PFIZER INC 741,257 21,971,000 1.93%
8 EXXON MOBIL CORP 255,050 21,320,000 1.87%
9 KOHLS 436,630 20,351,000 1.79%
10 AT&T INC 496,759 19,458,000 1.71%
11 DARDEN RESTAURANTS INC 274,850 18,223,000 1.60%
12 MERCK & CO INC 342,600 18,127,000 1.59%
13 HASBRO INC 221,100 17,710,000 1.55%
14 TARGET CORP 210,000 17,279,000 1.52%
15 US BANCORP DEL 423,100 17,174,000 1.51%
16 PAYCHEX INC 317,050 17,124,000 1.50%
17 MCDONALDS CORP 135,998 17,092,000 1.50%
18 OCCIDENTAL PETE CORP DEL 247,180 16,915,000 1.48%
19 LILLY ELI & CO 230,700 16,613,000 1.46%
20 GLAXOSMITHKLINE PLC 403,300 16,354,000 1.44%
21 GENUINE PARTS CO 163,800 16,275,000 1.43%
22 INTERNATIONAL BUSINESS MACHS 107,400 16,266,000 1.43%
23 CATERPILLAR INC 210,170 16,086,000 1.41%
24 JPMORGAN CHASE & CO 266,725 15,795,000 1.39%
25 WELLS FARGO & CO NEW 319,795 15,465,000 1.36%
26 PHILIP MORRIS INTL INC 150,960 14,810,000 1.30%
27 EATON CORP PLC 212,700 13,307,000 1.17%
28 VERIZON COMMUNICATIONS INC 246,010 13,304,000 1.17%
29 AMERICAN ELEC P 198,700 13,194,000 1.16%
30 ROYAL DUTCH SHELL PLC 270,030 13,083,000 1.15%
31 PROCTER AND GAMBLE CO 157,200 12,939,000 1.14%
32 SOUTHERN CO 247,640 12,810,000 1.12%
33 CHUBB LIMITED 107,390 12,796,000 1.12%
34 PEPSICO INC 124,720 12,781,000 1.12%
35 WAL-MART STORES INC 180,422 12,357,000 1.08%
36 COCA COLA CO 260,000 12,061,000 1.06%
37 CA INC 389,100 11,980,000 1.05%
38 DU PONT E I DE NEMOURS & CO 183,700 11,632,000 1.02%
39 UNITED PARCEL SERVICE INC 105,500 11,127,000 0.98%
40 BP PLC 362,755 10,948,000 0.96%
41 TEXAS INSTRS INC 188,780 10,840,000 0.95%
42 KIMBERLY CLARK CORP 80,000 10,761,000 0.94%
43 AUTOMATIC DATA PROCESSING IN 117,900 10,577,000 0.93%
44 PPL CORP 276,200 10,515,000 0.92%
45 KELLOGG CO 136,225 10,428,000 0.92%
46 GENERAL ELECTRIC CO 318,933 10,139,000 0.89%
47 CHEVRON CORP NEW 105,975 10,110,000 0.89%
48 CRACKER BARREL OLD COM 66,200 10,107,000 0.89%
49 MAXIM INTEGR 273,000 10,041,000 0.88%
50 FIRSTENERGY CORP 278,900 10,032,000 0.88%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001310929-16-000011, filed 2016.05.12).

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.