Dark
Light
System
Institutional Investment Manager
Stillwater Capital Advisors, LLC
Stillwater Capital Advisors, LLC (CIK: 0001482970) incorporated in Pennsylvania, located at 80 W. Lancaster Ave., Devon, PA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q4)
Portfolio Summary: 69 holdings with a total value of $333,150,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 E M C CORP MASS COM 329,833 9,809,000 2.94%
52 GENERAL ELECTRIC CO 391,103 9,883,000 2.97%
53 PEPSICO INC 105,512 9,977,000 2.99%
54 ACE LTD 89,567 10,289,000 3.09%
55 Marathon Petroleum Corp 114,333 10,320,000 3.10%
56 COMCAST CORP NEW 181,649 10,537,000 3.16%
57 UNITED PARCEL SERVICE INC 94,924 10,553,000 3.17%
58 Kraft Foods 168,752 10,574,000 3.17%
59 INTL PAPER CO 198,334 10,627,000 3.19%
60 UNITED TECHNOLOGIES CORP 94,430 10,859,000 3.26%
61 MERCK & CO INC 194,817 11,064,000 3.32%
62 BlackRock Inc 31,239 11,170,000 3.35%
63 JPMorgan Chase & Co 180,338 11,286,000 3.39%
64 PFIZER INC 367,539 11,449,000 3.44%
65 UNION PAC CORP 98,085 11,685,000 3.51%
66 AbbVie Inc 193,338 12,652,000 3.80%
67 VISA INC CL A COMMON STOCK 48,447 12,703,000 3.81%
68 INTEL CORP 358,692 13,017,000 3.91%
69 APPLE INC 129,807 14,328,000 4.30%
Page 2 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001482970-15-000001, filed 2015.01.23).

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.