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Institutional Investment Manager
Carnegie Investment Counsel
Carnegie Investment Counsel (CIK: 0001511506) incorporated in Ohio, located at 30300 Chagrin Boulevard, Pepper Pike, OH. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q3)
Portfolio Summary: 315 holdings with a total value of $693,206,000.
#
Name
Shares
Value ($)
%
Options
Notes
251 STRYKER CORP 30,822 3,501,000 0.51%
252 REALTY INCOME CORP 56,293 3,526,000 0.51%
253 INTERNATIONAL BUSINESS MACHS 22,930 3,548,000 0.51%
254 HCP INC 97,958 3,558,000 0.51%
255 3M CO 21,288 3,624,000 0.52%
256 SELECT SECTOR SPDR TR 79,016 3,735,000 0.54%
257 DOW CHEM CO 70,920 3,766,000 0.54%
258 POWERSHARES QQQ TRUST 32,439 3,790,000 0.55%
259 VANGUARD INDEX FDS 53,255 4,433,000 0.64%
260 WASTE MGMT INC DEL 72,031 4,512,000 0.65%
261 CEDAR FAIR L P 78,877 4,532,000 0.65%
262 CLAYMORE EXCHANGE TRD FD TR 212,723 4,576,000 0.66%
263 VIACOM INC NEW 126,957 4,582,000 0.66%
264 CLAYMORE EXCHANGE TRD FD TR 214,011 4,625,000 0.67%
265 UNITED TECHNOLOGIES CORP 48,024 4,789,000 0.69%
266 MCCORMICK & CO INC 51,233 4,833,000 0.70%
267 PHILIP MORRIS INTL INC 51,041 4,875,000 0.70%
268 CLAYMORE EXCHANGE TRD FD TR 219,635 4,979,000 0.72%
269 UBIQUITI NETWORKS INC 101,800 5,016,000 0.72%
270 NEOGEN CORP COM 95,923 5,051,000 0.73%
271 ORACLE CORP 137,244 5,256,000 0.76%
272 RPM INTL INC 110,995 5,304,000 0.77%
273 CLAYMORE EXCHANGE TRD FD TR 250,872 5,356,000 0.77%
274 ECOLAB INC 46,481 5,408,000 0.78%
275 ISHARES TR 43,723 5,499,000 0.79%
276 TJX COS INC NEW 75,283 5,529,000 0.80%
277 DU PONT E I DE NEMOURS & CO 84,522 5,803,000 0.84%
278 SCHWAB CHARLES CORP 183,240 5,807,000 0.84%
279 ANSYS 65,133 5,926,000 0.85%
280 LKQ CORP 186,925 6,172,000 0.89%
281 GLAXOSMITHKLINE PLC 150,550 6,201,000 0.89%
282 BOEING CO 47,333 6,342,000 0.91%
283 EXPRESS SCRIPTS HLDG CO 92,420 6,398,000 0.92%
284 VANGUARD INDEX FDS 59,937 6,537,000 0.94%
285 NOVO-NORDISK A S 165,719 6,675,000 0.96%
286 MCKESSON CORP 42,681 6,857,000 0.99%
287 NIKE INC 136,057 6,947,000 1.00%
288 SPDR S&P MIDCAP 400 ETF TR 25,537 7,054,000 1.02%
289 CHURCH & DWIGHT 151,754 7,323,000 1.06%
290 PROCTER AND GAMBLE CO 85,641 7,527,000 1.09%
291 PAYPAL HLDGS INC 190,695 7,528,000 1.09%
292 SHERWIN WILLIAMS CO 28,315 7,626,000 1.10%
293 ALPHABET INC 9,881 7,706,000 1.11%
294 DISNEY WALT CO 85,383 7,759,000 1.12%
295 ZOETIS INC 159,633 7,987,000 1.15%
296 VERIZON COMMUNICATIONS INC 160,806 8,107,000 1.17%
297 JPMORGAN CHASE & CO 121,439 8,159,000 1.18%
298 BLACKROCK INC 23,171 8,217,000 1.19%
299 US BANCORP DEL 193,898 8,284,000 1.20%
300 ABBVIE INC 138,788 8,347,000 1.20%
Page 6 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-16-004840, filed 2016.11.14).

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.