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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 (2017Q1)
Portfolio Summary: 131 holdings with a total value of $562,365,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 SECTOR SPDR TRUST SBI CONSUMER 15,900 868,000 0.15%
52 CISCO SYS INC 25,726 870,000 0.15%
53 ISHARES TR 7,736 887,000 0.16%
54 MCDONALDS CORP 7,107 921,000 0.16%
55 JPMORGAN CHASE & CO 11,035 969,000 0.17%
56 SPDR S&P MIDCAP 400 ETF TR 3,167 989,000 0.18%
57 VORNADO REALTY 10,500 1,053,000 0.19%
58 SELECT SECTOR SPDR TR 15,341 1,072,000 0.19%
59 INTERNATIONAL BUSINESS MACHS 6,183 1,077,000 0.19%
60 3M CO 5,721 1,095,000 0.19%
61 SELECT SECTOR SPDR TR 16,927 1,101,000 0.20%
62 SELECT SECTOR SPDR TR 20,673 1,102,000 0.20%
63 ALIBABA GROUP HLDG LTD 11,390 1,228,000 0.22%
64 SELECT SECTOR SPDR TRUST THE H 18,830 1,400,000 0.25%
65 VANGUARD WORLD FDS 25,103 1,518,000 0.27%
66 SELECT SECTOR SPDR FUND SHS BE 17,482 1,538,000 0.27%
67 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 17,158 1,870,000 0.33%
68 American Europacific Growth R3 38,836 1,877,000 0.33%
69 UNILEVER N V 46,100 2,290,000 0.41%
70 ALEXANDERS INC 5,400 2,332,000 0.41%
71 ISHARES TR 23,722 2,496,000 0.44%
72 Banco Latinoamericano Decomerc 121,756 3,378,000 0.60%
73 TRANSOCEAN LTD 271,916 3,385,000 0.60%
74 VANGUARD MALVERN FDS 69,268 3,427,000 0.61%
75 GENERAL MLS INC 65,907 3,889,000 0.69%
76 ROYAL DUTCH SHELL PLC 87,464 4,612,000 0.82%
77 NATIONAL GRID PLC 74,407 4,723,000 0.84%
78 UNITED PARCEL SERVICE INC 44,236 4,747,000 0.84%
79 HUBBELL INC 41,892 5,029,000 0.89%
80 WHIRLPOOL CORP 29,947 5,131,000 0.91%
81 PEMBINA PIPELINE CORP 164,619 5,220,000 0.93%
82 VIACOM INC NEW 113,931 5,311,000 0.94%
83 UNITEDHEALTH GROUP INC 32,610 5,348,000 0.95%
84 WEYERHAEUSER CO 159,046 5,404,000 0.96%
85 ISHARES TR 106,727 5,429,000 0.97%
86 TIFFANY & CO NEW 59,858 5,704,000 1.01%
87 AMERICAN INTL GROUP INC 91,378 5,705,000 1.01%
88 CALPINE CORP 520,266 5,749,000 1.02%
89 SOUTHWESTERN ENERGY CO 707,830 5,783,000 1.03%
90 NESTLE SA SPONSORED ADR REPSTG 78,612 6,045,000 1.07%
91 WESTERN UN CO 297,112 6,046,000 1.08%
92 DIAGEO P L C 52,365 6,052,000 1.08%
93 TOTAL S A 121,503 6,126,000 1.09%
94 CIMAREX ENERGY 51,542 6,159,000 1.10%
95 TELUS CORP 191,267 6,212,000 1.10%
96 BANK N S HALIFAX 107,806 6,314,000 1.12%
97 GILEAD SCIENCES INC 93,181 6,329,000 1.13%
98 BANK NEW YORK MELLON CORP 134,986 6,375,000 1.13%
99 COCA COLA CO 152,595 6,476,000 1.15%
100 MATTEL INC 268,258 6,870,000 1.22%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001464586-17-000004, filed 2017.04.19).

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.