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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 (2016Q2)
Portfolio Summary: 2,002 holdings with a total value of $11,725,947,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 INTERNATIONAL BUSINESS MACHS 263,225 39,952,000 0.34%
52 POWERSHARES DB CMDTY IDX TRA 2,571,014 39,465,000 0.34%
53 ISHARES TR 557,098 39,398,000 0.34%
54 GLOBAL X FDS 1,534,763 39,182,000 0.33%
55 ALTRIA GROUP INC 561,696 38,735,000 0.33%
56 VALERO ENERGY CORP NEW 744,286 37,959,000 0.32%
57 DISNEY WALT CO 387,989 37,953,000 0.32%
58 UNITEDHEALTH GROUP INC 263,046 37,142,000 0.32%
59 ALPHABET INC 51,028 35,900,000 0.31%
60 AETNA INC NEW 292,551 35,729,000 0.30%
61 AMAZON COM INC 49,669 35,544,000 0.30%
62 GENERAL ELECTRIC CO 1,101,977 34,690,000 0.30%
63 ISHARES TR 749,704 34,644,000 0.30%
64 AT&T INC 801,382 34,628,000 0.30%
65 INTEL CORP 1,050,859 34,468,000 0.29%
66 PROCTER AND GAMBLE CO 386,535 32,728,000 0.28%
67 VANECK VECTORS ETF TR 1,365,210 32,465,000 0.28%
68 TESORO CORP 429,854 32,205,000 0.27%
69 MERCK & CO INC 554,853 31,965,000 0.27%
70 CLAYMORE EXCHANGE TRD FD TR 1,033,576 30,997,000 0.26%
71 ISHARES TR 296,868 30,646,000 0.26%
72 VERIZON COMMUNICATIONS INC 547,682 30,583,000 0.26%
73 ISHARES TR 300,493 30,157,000 0.26%
74 SPDR SERIES TRUST 827,362 29,529,000 0.25%
75 NORTHROP GRUMMAN CORP 131,759 29,287,000 0.25%
76 LOWES COS INC 355,306 28,130,000 0.24%
77 CIGNA CORPORATION 214,882 27,503,000 0.23%
78 DEAN FOODS CO NEW 1,516,408 27,432,000 0.23%
79 ABBVIE INC 442,303 27,383,000 0.23%
80 SCHLUMBERGER LTD 342,678 27,099,000 0.23%
81 BANK AMER CORP 2,007,311 26,637,000 0.23%
82 CHEVRON CORP NEW 251,801 26,396,000 0.23%
83 NIKE INC 465,489 25,695,000 0.22%
84 TJX COS INC NEW 320,332 24,739,000 0.21%
85 MASTERCARD INCORPORATED 278,405 24,516,000 0.21%
86 ATWOOD OCEANICS INC 1,956,015 24,489,000 0.21%
87 POWERSHARES ETF TRUST 2,400,529 24,173,000 0.21%
88 WELLS FARGO & CO NEW 497,623 23,552,000 0.20%
89 BAXTER INTL INC 519,598 23,496,000 0.20%
90 WASTE MGMT INC DEL 348,622 23,103,000 0.20%
91 POWERSHARES ETF TRUST 919,104 22,821,000 0.19%
92 WAL-MART STORES INC 307,730 22,470,000 0.19%
93 EDISON INTL 283,809 22,043,000 0.19%
94 CENTENE CORP DEL 307,009 21,911,000 0.19%
95 SYMANTEC CORP 1,058,667 21,745,000 0.19%
96 HONEYWELL INTL INC 184,783 21,494,000 0.18%
97 SOUTHWEST AIRLS CO 542,934 21,288,000 0.18%
98 CAMPBELL SOUP CO 319,686 21,269,000 0.18%
99 POWERSHARES ETF TR II 980,841 21,196,000 0.18%
100 ADOBE INC 221,142 21,183,000 0.18%
Page 2 of 41

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140361-16-076454, filed 2016.08.15).

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.