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Institutional Investment Manager
Ramsay, Stattman, Vela & Price, Inc.
Ramsay, Stattman, Vela & Price, Inc. (CIK: 0001541399) incorporated in Colorado, located at 2 N. Cascade Ave., Suite 810, Colorado Springs, CO. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 60 holdings with a total value of $211,543,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 51,577 8,406,000 3.97%
2 BECTON DICKINSON & CO 45,706 7,567,000 3.58%
3 PEPSICO INC 72,031 7,537,000 3.56%
4 ILLINOIS TOOL WKS INC 60,675 7,430,000 3.51%
5 JOHNSON & JOHNSON 64,405 7,420,000 3.51%
6 ISHARES TR 54,515 7,351,000 3.47%
7 3M Co 41,168 7,351,000 3.47%
8 MICROSOFT CORP 115,285 7,164,000 3.39%
9 COCA COLA CO 171,473 7,109,000 3.36%
10 PROCTER AND GAMBLE CO 82,685 6,952,000 3.29%
11 NESTLE SA SPONSORED ADR REPSTG 96,193 6,901,000 3.26%
12 UNITED TECHNOLOGIES CORP 58,130 6,372,000 3.01%
13 FedEx Corp. 34,198 6,368,000 3.01%
14 COLGATE PALMOLIVE CO 96,655 6,325,000 2.99%
15 DISNEY WALT CO 60,086 6,262,000 2.96%
16 NIKE INC 121,185 6,160,000 2.91%
17 AUTOMATIC DATA PROCESSING IN 59,723 6,138,000 2.90%
18 APPLE INC 52,191 6,045,000 2.86%
19 DANAHER CORP DEL 77,108 6,002,000 2.84%
20 STRYKER CORP 49,413 5,920,000 2.80%
21 DIAGEO P L C 54,780 5,694,000 2.69%
22 ISHARES TR 34,394 5,687,000 2.69%
23 WELLS FARGO & CO NEW 102,416 5,644,000 2.67%
24 ISHARES TR 94,582 5,460,000 2.58%
25 ABBOTT LABS 139,575 5,361,000 2.53%
26 EXXON MOBIL CORP 55,668 5,025,000 2.38%
27 EMERSON ELEC CO 83,323 4,645,000 2.20%
28 AT&T INC 97,533 4,148,000 1.96%
29 Fortive Corp 75,039 4,024,000 1.90%
30 WAL-MART STORES INC 53,704 3,712,000 1.75%
31 ZIMMER BIOMET HLDGS INC 32,750 3,380,000 1.60%
32 ALPHABET INC 3,670 2,833,000 1.34%
33 ISHARES TR 51,979 1,820,000 0.86%
34 SPDR S&P 500 Fund 7,513 1,679,000 0.79%
35 VISA INC CL A COMMON STOCK 18,717 1,460,000 0.69%
36 VANGUARD INDEX FDS 8,000 1,053,000 0.50%
37 INTEL CORP 26,986 979,000 0.46%
38 CHEVRON CORP NEW 8,264 973,000 0.46%
39 GLAXOSMITHKLINE PLC SPONSOR 24,591 947,000 0.45%
40 VANGUARD INFORM TECH 6,500 790,000 0.37%
41 VANGUARD INTL EQUITY INDEX F 19,472 697,000 0.33%
42 CARNIVAL CORP 13,100 682,000 0.32%
43 FRANKLIN RESOURCES INC 16,496 653,000 0.31%
44 GENERAL ELECTRIC CO 20,578 650,000 0.31%
45 Spectranetics 25,172 617,000 0.29%
46 ORACLE CORPORATION 15,611 600,000 0.28%
47 STARBUCKS CORP 10,640 591,000 0.28%
48 VANGUARD TAX-MANAGED FDS 14,925 545,000 0.26%
49 DEERE & CO 5,261 542,000 0.26%
50 POWERSHARES QQQ TRUST SERIES 1 4,370 518,000 0.24%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001541399-17-000002, filed 2017.02.09).

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.