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Institutional Investment Manager
Granite Investment Advisors, LLC
Granite Investment Advisors, LLC (CIK: 0001464586) incorporated in Delaware, located at 6 Eagle Square, 3rd Floor, Concord, NH. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q2)
Portfolio Summary: 125 holdings with a total value of $572,262,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 DIAGEO P L C 42,980 4,987,000 0.87%
52 ABBOTT LABS 100,706 4,943,000 0.86%
53 PLUM CREEK TIMBER 121,724 4,938,000 0.86%
54 Banco Latinoamericano Decomerc 150,310 4,837,000 0.85%
55 BANK N S HALIFAX 92,920 4,797,000 0.84%
56 DU PONT E I DE NEMOURS & CO 64,649 4,134,000 0.72%
57 UNIT CORP COM 152,005 4,122,000 0.72%
58 HUBBELL INC CLASS B 35,946 3,892,000 0.68%
59 GENTEX CORP 236,148 3,878,000 0.68%
60 ISHARES TR 75,685 3,833,000 0.67%
61 Bunge Limited Conv Pfd Perp 32,755 3,570,000 0.62%
62 CIMAREX ENERGY 31,925 3,522,000 0.62%
63 VANGUARD MALVERN FDS 57,855 2,816,000 0.49%
64 UNILEVER N V 64,300 2,690,000 0.47%
65 ALEXANDERS INC 5,400 2,214,000 0.39%
66 American Europacific Growth R3 37,442 1,850,000 0.32%
67 AGRIUM INC 17,067 1,808,000 0.32%
68 SPDR SERIES TRUST 33,890 1,581,000 0.28%
69 ISHARES TR 14,910 1,570,000 0.27%
70 ALIBABA GROUP HLDG LTD 16,390 1,348,000 0.24%
71 PNC Finl SVCS Group 48,285 1,325,000 0.23%
72 INTERNATIONAL BUSINESS MACHS 6,635 1,079,000 0.19%
73 W P CAREY INC 17,715 1,044,000 0.18%
74 VORNADO REALTY 10,500 997,000 0.17%
75 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 9,115 992,000 0.17%
76 SPDR S&P MIDCAP 400 ETF TR 3,342 913,000 0.16%
77 ISHARES TR 7,913 887,000 0.15%
78 3M CO 5,484 846,000 0.15%
79 FEDEX CORP 4,875 831,000 0.15%
80 JPMORGAN CHASE & CO 11,836 802,000 0.14%
81 CISCO SYS INC 28,930 794,000 0.14%
82 SANOFI 13,916 689,000 0.12%
83 ISHARES TR 10,480 665,000 0.12%
84 PROCTER AND GAMBLE CO 7,750 606,000 0.11%
85 MCDONALDS CORP 5,985 569,000 0.10%
86 LOCKHEED MARTIN CORP 3,050 567,000 0.10%
87 ISHARES TR 4,345 543,000 0.09%
88 HUMANA INC 2,825 540,000 0.09%
89 DISNEY WALT CO 4,500 514,000 0.09%
90 VERIZON COMMUNICATIONS INC 9,652 450,000 0.08%
91 BIOGEN INC 1,100 444,000 0.08%
92 CHEVRON CORP NEW 4,525 437,000 0.08%
93 VANGUARD TAX-MANAGED FDS 10,861 431,000 0.08%
94 EMERSON ELEC CO 7,696 427,000 0.07%
95 VANGUARD INTL EQUITY INDEX F 10,360 424,000 0.07%
96 VANGUARD INDEX FDS 3,160 424,000 0.07%
97 NOBLE ENERGY INC 9,610 410,000 0.07%
98 VANGUARD WORLD FDS 7,340 365,000 0.06%
99 CELGENE CORP 3,050 353,000 0.06%
100 SPDR SER TR 12,060 349,000 0.06%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001464586-15-000006, 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.