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Institutional Investment Manager
QS Investors, LLC
QS Investors, LLC (CIK: 0001501436) incorporated in Delaware, located at 880 3rd Avenue, New York, NY. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q4)
Portfolio Summary: 2,065 holdings with a total value of $10,356,726,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 ISHARES TR 862,938 36,088,000 0.35%
52 UNITEDHEALTH GROUP INC 299,141 35,191,000 0.34%
53 BOEING CO 241,113 34,863,000 0.34%
54 GENERAL ELECTRIC CO 1,118,186 34,831,000 0.34%
55 NIKE INC 544,919 34,057,000 0.33%
56 SPDR INDEX SHS FDS 1,042,644 33,469,000 0.32%
57 FLEXSHARES NATURAL RESOURCES ETF 1,458,159 32,444,000 0.31%
58 COMCAST CORP NEW 564,376 31,848,000 0.31%
59 ISHARES TR 441,646 31,843,000 0.31%
60 LILLY ELI & CO 375,560 31,645,000 0.31%
61 ISHARES TR 431,477 31,623,000 0.31%
62 TESORO CORP 294,498 31,031,000 0.30%
63 FACEBOOK INC 295,665 30,944,000 0.30%
64 ISHARES TR 417,818 30,672,000 0.30%
65 CLAYMORE EXCHANGE TRD FD TR 1,107,280 30,052,000 0.29%
66 Vaneck Vectors Em MKTS HTGH Yi Eld Bond ETF 1,310,658 28,992,000 0.28%
67 AETNA INC NEW 265,992 28,759,000 0.28%
68 VANGUARD INDEX FDS 235,734 28,628,000 0.28%
69 VANGUARD INDEX FDS 289,809 28,624,000 0.28%
70 ALTRIA GROUP INC 485,109 28,238,000 0.27%
71 CIGNA CORPORATION 192,716 28,200,000 0.27%
72 GLOBAL X FDS 1,159,870 27,767,000 0.27%
73 WELLS FARGO & CO NEW 505,663 27,488,000 0.27%
74 LOWES COS INC 360,012 27,375,000 0.26%
75 ABBVIE INC 457,843 27,123,000 0.26%
76 NORTHROP GRUMMAN CORP 142,463 26,898,000 0.26%
77 DELTA AIRLINES INC DEL 506,216 25,660,000 0.25%
78 VISA INC 324,900 25,196,000 0.24%
79 MANHATTAN ASSOCIATES INC 375,161 24,824,000 0.24%
80 ISHARES TR 217,231 24,465,000 0.24%
81 PROCTER AND GAMBLE CO 304,351 24,169,000 0.23%
82 SCHWAB US DIVIDEND EQUITY ETF 620,675 23,933,000 0.23%
83 JUNIPER NETWORKS 864,446 23,859,000 0.23%
84 LYONDELLBASELL INDUSTRIES N 270,489 23,505,000 0.23%
85 KROGER CO 559,765 23,415,000 0.23%
86 POWERSHARES ETF TR II 1,109,624 23,224,000 0.22%
87 POWERSHS DB MULTI SECT COMM 1,123,852 23,163,000 0.22%
88 SOUTHWEST AIRLS CO 532,170 22,915,000 0.22%
89 CHEVRON CORP NEW 252,784 22,740,000 0.22%
90 MAXIM INTEGR 594,926 22,607,000 0.22%
91 AMERICAN INTL GROUP INC 362,805 22,483,000 0.22%
92 MERCK & CO INC 421,657 22,272,000 0.22%
93 KIMBERLY CLARK CORP 174,669 22,235,000 0.21%
94 GENERAL DYNAMICS CORP 154,547 21,229,000 0.20%
95 BIOGEN INC 69,089 21,165,000 0.20%
96 ALPHABET INC 27,521 20,885,000 0.20%
97 CELGENE CORP 173,242 20,747,000 0.20%
98 VANGUARD INDEX FDS 186,979 20,687,000 0.20%
99 CARDINAL HEALTH INC 231,656 20,680,000 0.20%
100 SUNTRUST BKS INC 475,314 20,362,000 0.20%
Page 2 of 42

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140361-16-052688, filed 2016.02.16).

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.