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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 (2016Q1)
Portfolio Summary: 125 holdings with a total value of $494,694,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 HUANENG POWER INTL INC ADR SPONSORED 130,684 4,647,000 0.94%
52 GENTEX CORP 275,875 4,328,000 0.87%
53 ISHARES TR 78,453 3,956,000 0.80%
54 ABBOTT LABS 93,203 3,899,000 0.79%
55 ABERDEEN ASIA PACIFIC INCOM 738,525 3,693,000 0.75%
56 HUBBELL INC 33,694 3,569,000 0.72%
57 ROYAL DUTCH SHELL PLC 70,604 3,421,000 0.69%
58 SOUTHWESTERN ENERGY CO 422,517 3,410,000 0.69%
59 Banco Latinoamericano Decomerc 135,951 3,293,000 0.67%
60 TIFFANY & CO NEW 44,110 3,237,000 0.65%
61 VANGUARD MALVERN FDS 61,530 3,023,000 0.61%
62 CIMAREX ENERGY 30,560 2,973,000 0.60%
63 APACHE CORP 55,010 2,685,000 0.54%
64 UNILEVER N V 56,400 2,520,000 0.51%
65 ALEXANDERS INC 5,400 2,055,000 0.42%
66 ROYAL DUTCH SHELL PLC 41,355 2,034,000 0.41%
67 American Europacific Growth R3 38,470 1,670,000 0.34%
68 ISHARES TR 15,560 1,640,000 0.33%
69 ALIBABA GROUP HLDG LTD 16,390 1,295,000 0.26%
70 VORNADO REALTY 10,500 992,000 0.20%
71 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 8,790 964,000 0.19%
72 INTERNATIONAL BUSINESS MACHS 6,100 924,000 0.19%
73 3M CO 5,384 897,000 0.18%
74 SPDR S&P MIDCAP 400 ETF TR 3,167 832,000 0.17%
75 ISHARES TR 7,233 829,000 0.17%
76 MCDONALDS CORP 6,428 808,000 0.16%
77 CISCO SYS INC 26,365 751,000 0.15%
78 JPMORGAN CHASE & CO 11,586 686,000 0.14%
79 ISHARES TR 10,280 588,000 0.12%
80 LOCKHEED MARTIN CORP 2,625 581,000 0.12%
81 PROCTER AND GAMBLE CO 6,450 531,000 0.11%
82 VERIZON COMMUNICATIONS INC 9,401 508,000 0.10%
83 ISHARES TR 4,415 488,000 0.10%
84 DISNEY WALT CO 4,615 458,000 0.09%
85 HUMANA INC 2,250 412,000 0.08%
86 CHEVRON CORP NEW 4,320 412,000 0.08%
87 VANGUARD TAX-MANAGED FDS 10,861 390,000 0.08%
88 VANGUARD INTL EQUITY INDEX F 10,880 376,000 0.08%
89 VANGUARD INDEX FDS 3,070 365,000 0.07%
90 VANGUARD INTL EQUITY INDEX F 7,470 362,000 0.07%
91 SPDR S&P 500 ETF TR 1,742 358,000 0.07%
92 VANGUARD WORLD FDS 7,705 357,000 0.07%
93 DU PONT E I DE NEMOURS & CO 5,412 343,000 0.07%
94 FEDEX CORP 2,075 338,000 0.07%
95 SELECT SECTOR SPDR TR 4,060 321,000 0.06%
96 ISHARES TR 2,205 318,000 0.06%
97 AUTOMATIC DATA PROCESSING IN 3,415 306,000 0.06%
98 CELGENE CORP 3,050 305,000 0.06%
99 ISHARES TR 2,435 289,000 0.06%
100 ACCENTURE PLC IRELAND 2,500 289,000 0.06%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001464586-16-000013, filed 2016.04.26).

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.