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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 (2016Q2)
Portfolio Summary: 123 holdings with a total value of $494,783,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 7,950 885,000 0.18%
52 INTERNATIONAL BUSINESS MACHS 6,080 923,000 0.19%
53 3M CO 5,334 934,000 0.19%
54 VORNADO REALTY 10,500 1,051,000 0.21%
55 ALIBABA GROUP HLDG LTD 15,390 1,224,000 0.25%
56 ISHARES TR 13,705 1,454,000 0.29%
57 American Europacific Growth R3 38,470 1,662,000 0.34%
58 ALEXANDERS INC 5,400 2,210,000 0.45%
59 TIFFANY & CO NEW 42,575 2,582,000 0.52%
60 UNILEVER N V 56,350 2,645,000 0.53%
61 VANGUARD MALVERN FDS 62,335 3,084,000 0.62%
62 HUBBELL INC 31,329 3,304,000 0.67%
63 HUANENG POWER INTL INC ADR SPONSORED 133,926 3,344,000 0.68%
64 Banco Latinoamericano Decomerc 130,806 3,466,000 0.70%
65 ABBOTT LABS 88,623 3,484,000 0.70%
66 ABERDEEN ASIA PACIFIC INCOM 698,545 3,500,000 0.71%
67 CIMAREX ENERGY 30,965 3,695,000 0.75%
68 ISHARES TR 76,653 3,880,000 0.78%
69 ROYAL DUTCH SHELL PLC 70,536 3,895,000 0.79%
70 GENTEX CORP 266,765 4,122,000 0.83%
71 FOOT LOCKER INC 84,013 4,609,000 0.93%
72 WHIRLPOOL CORP 27,812 4,635,000 0.94%
73 MANULIFE FINL CORP 350,257 4,788,000 0.97%
74 CARNIVAL CORP 108,990 4,817,000 0.97%
75 UNITED PARCEL SERVICE INC 45,315 4,881,000 0.99%
76 CALPINE CORP 351,646 5,187,000 1.05%
77 WEYERHAEUSER CO 174,249 5,187,000 1.05%
78 GILEAD SCIENCES INC 62,591 5,221,000 1.06%
79 China Mobile Hong Kong Ltd 90,335 5,230,000 1.06%
80 PEMBINA PIPELINE CORP 173,919 5,277,000 1.07%
81 SOUTHWESTERN ENERGY CO 419,809 5,281,000 1.07%
82 BANK N S HALIFAX 109,025 5,343,000 1.08%
83 WELLS FARGO & CO NEW 113,135 5,355,000 1.08%
84 WESTERN UN CO 281,109 5,392,000 1.09%
85 DIAGEO P L C 51,308 5,792,000 1.17%
86 NATIONAL GRID PLC 78,765 5,855,000 1.18%
87 CATERPILLAR INC 77,510 5,876,000 1.19%
88 TOTAL S A 128,376 6,175,000 1.25%
89 TENARIS S A 214,775 6,194,000 1.25%
90 MERCK & CO INC 108,850 6,271,000 1.27%
91 SCHLUMBERGER LTD 80,537 6,369,000 1.29%
92 TELUS CORP 204,809 6,595,000 1.33%
93 ORACLE CORP 161,979 6,630,000 1.34%
94 NESTLE SA SPONSORED ADR REPSTG 85,801 6,633,000 1.34%
95 Granite Value Fund 511,001 6,689,000 1.35%
96 STARZ SERIES A 234,572 7,018,000 1.42%
97 TJX COS INC NEW 91,297 7,051,000 1.43%
98 HONEYWELL INTL INC 61,518 7,156,000 1.45%
99 BARD C R INC 30,461 7,163,000 1.45%
100 AT&T INC 166,193 7,181,000 1.45%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001464586-16-000014, filed 2016.07.22).

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.