Dark
Light
System
Institutional Investment Manager
Palisade Asset Management, LLC
Palisade Asset Management, LLC (CIK: 0001434323) incorporated in Minnesota, located at 100 South Fifth Street, Suite 420, Minneapolis, MN. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 133 holdings with a total value of $521,747,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 VALSPAR CORP 717,226 74,312,000 14.24%
2 MICROSOFT CORP 240,745 14,960,000 2.87%
3 HOME DEPOT INC 99,809 13,382,000 2.56%
4 JOHNSON & JOHNSON 112,722 12,987,000 2.49%
5 TARGET CORP 170,693 12,329,000 2.36%
6 3M CO 67,790 12,105,000 2.32%
7 INTERNATIONAL BUSINESS MACHS 70,432 11,691,000 2.24%
8 CISCO SYS INC 368,293 11,130,000 2.13%
9 PROCTER AND GAMBLE CO 130,887 11,005,000 2.11%
10 GENERAL ELECTRIC CO 346,545 10,951,000 2.10%
11 PEPSICO INC 103,780 10,859,000 2.08%
12 CHEVRON CORP NEW 90,733 10,679,000 2.05%
13 Walgreens 128,465 10,632,000 2.04%
14 EXXON MOBIL CORP 117,627 10,617,000 2.03%
15 AMGEN INC 71,863 10,507,000 2.01%
16 WELLS FARGO & CO NEW 189,883 10,464,000 2.01%
17 APPLE INC 86,481 10,016,000 1.92%
18 GENERAL DYNAMICS CORP 55,264 9,542,000 1.83%
19 AFLAC INC 133,332 9,280,000 1.78%
20 SYSCO CORP 164,407 9,103,000 1.74%
21 ABBOTT LABS 236,731 9,093,000 1.74%
22 MCDONALDS CORP 72,556 8,832,000 1.69%
23 UNITED TECHNOLOGIES CORP 80,539 8,829,000 1.69%
24 OMNICOM GROUP INC 101,003 8,596,000 1.65%
25 BECTON DICKINSON & CO 51,093 8,458,000 1.62%
26 ORACLE CORPORATION 215,717 8,294,000 1.59%
27 L-3 COMMUNICATIONS HLDGS INC 54,514 8,292,000 1.59%
28 UNITEDHEALTH GROUP INC 50,259 8,043,000 1.54%
29 BALL CORP 104,655 7,856,000 1.51%
30 DEERE & CO 73,501 7,574,000 1.45%
31 ROYAL BK CDA MONTREAL QUE 105,380 7,135,000 1.37%
32 COLGATE PALMOLIVE CO 96,228 6,297,000 1.21%
33 BAXTER INTL INC 137,694 6,105,000 1.17%
34 ROYAL DUTCH SHELL PLC 96,729 5,260,000 1.01%
35 ST JUDE 61,433 4,926,000 0.94%
36 US BANCORP DEL 92,206 4,737,000 0.91%
37 STRYKER CORP 34,054 4,080,000 0.78%
38 INTEL CORP 107,392 3,895,000 0.75%
39 APACHE CORP 60,977 3,870,000 0.74%
40 TJX COS INC NEW 50,500 3,794,000 0.73%
41 ABBVIE INC 58,330 3,653,000 0.70%
42 DONALDSON INC 83,730 3,523,000 0.68%
43 GENERAL MLS INC 56,984 3,520,000 0.67%
44 ECOLAB INC 26,879 3,151,000 0.60%
45 KIMBERLY CLARK CORP 27,545 3,143,000 0.60%
46 VERIZON COMMUNICATIONS INC 58,718 3,134,000 0.60%
47 AUTOMATIC DATA PROCESSING IN 27,126 2,788,000 0.53%
48 XCEL ENERGY INC 64,899 2,641,000 0.51%
49 AT&T INC 62,092 2,641,000 0.51%
50 MEDTRONIC PLC 31,664 2,255,000 0.43%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001434323-17-000001, filed 2017.02.01).

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.