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Institutional Investment Manager
PALLADIUM PARTNERS LLC
PALLADIUM PARTNERS LLC (CIK: 0001436871) incorporated in Virginia, located at 999 Waterside Drive Suite 1000, Norfolk, VA. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 249 holdings with a total value of $1,185,792,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 BERKSHIRE HATHAWAY INC DEL 42,937 6,998,000 0.59%
52 CANADIAN NATL RY CO 103,039 6,945,000 0.59%
53 BB&T CORP 144,207 6,781,000 0.57%
54 CIGNA CORPORATION 48,974 6,532,000 0.55%
55 ANTHEM INC 44,287 6,367,000 0.54%
56 VERIZON COMMUNICATIONS INC 116,700 6,230,000 0.53%
57 UNITEDHEALTH GROUP INC 38,405 6,147,000 0.52%
58 ALLERGAN PLC 28,916 6,073,000 0.51%
59 PROCTER AND GAMBLE CO 71,798 6,036,000 0.51%
60 DOMINION ENERGY INC 78,342 6,000,000 0.51%
61 INTERNATIONAL BUSINESS MACHS 34,470 5,721,000 0.48%
62 ORACLE CORP 147,003 5,653,000 0.48%
63 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 48,256 5,221,000 0.44%
64 MERCK & CO INC 88,257 5,196,000 0.44%
65 UNITED TECHNOLOGIES CORP 45,980 5,040,000 0.43%
66 PRA GROUP INC 128,710 5,033,000 0.42%
67 VANGUARD SPECIALIZED FUNDS 58,966 5,023,000 0.42%
68 AUTOMATIC DATA PROCESSING IN 48,633 4,999,000 0.42%
69 AVNET INC 104,660 4,982,000 0.42%
70 ISHARES TR 46,928 4,925,000 0.42%
71 MARATHON PETE CORP 95,813 4,824,000 0.41%
72 BP PLC 128,249 4,794,000 0.40%
73 EXTRA SPACE STORAGE INC 60,959 4,708,000 0.40%
74 CHUBB LIMITED 35,595 4,703,000 0.40%
75 LINCOLN NATL CORP IND 68,333 4,528,000 0.38%
76 AETNA INC NEW 36,485 4,525,000 0.38%
77 UDR INC 115,696 4,221,000 0.36%
78 MCDONALDS CORP 33,600 4,090,000 0.34%
79 ISHARES TR 115,457 4,042,000 0.34%
80 BRISTOL MYERS SQUIBB CO 65,848 3,848,000 0.32%
81 PNC FINL SVCS GROUP INC 32,461 3,797,000 0.32%
82 GENERAL DYNAMICS CORP 21,895 3,780,000 0.32%
83 BANK AMER CORP 159,827 3,532,000 0.30%
84 DELTA AIRLINES INC DEL 69,883 3,438,000 0.29%
85 TOWNEBANK PORTSMOUTH VA COM 92,147 3,064,000 0.26%
86 MONDELEZ INTL INC 66,325 2,940,000 0.25%
87 ISHARES TR 17,669 2,921,000 0.25%
88 SCHLUMBERGER LTD 34,578 2,903,000 0.24%
89 DU PONT E I DE NEMOURS & CO 39,045 2,866,000 0.24%
90 DOLLAR TREE INC 36,105 2,786,000 0.23%
91 AFLAC INC 39,941 2,780,000 0.23%
92 ISHARES TR 22,424 2,731,000 0.23%
93 WHIRLPOOL CORP 14,960 2,720,000 0.23%
94 CATERPILLAR INC 28,660 2,658,000 0.22%
95 CLAYMORE ETF GUGGENHEIM ENHANCED 50,130 2,513,000 0.21%
96 ISHARES TR 26,896 2,382,000 0.20%
97 KRAFT HEINZ CO 25,854 2,258,000 0.19%
98 GOLDMAN SACHS GROUP INC 9,381 2,246,000 0.19%
99 ISHARES TR 16,040 2,246,000 0.19%
100 MARKEL CORP 2,471 2,235,000 0.19%
Page 2 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001436871-17-000003, 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.