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Institutional Investment Manager
Carroll Financial Associates, Inc.
Carroll Financial Associates, Inc. (CIK: 0001567784) incorporated in North Carolina, located at 4521 Sharon Road, Charlotte, NC. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q1)
Portfolio Summary: 922 holdings with a total value of $304,885,000.
#
Name
Shares
Value ($)
%
Options
Notes
901 SPDR INDEX SHS FDS 72,520 3,094,000 1.01%
902 DUKE ENERGY CORP NEW 46,275 3,296,000 1.08%
903 Park Sterling Corp 527,768 3,510,000 1.15%
904 PFIZER INC 111,550 3,583,000 1.18%
905 ISHARES TR 46,928 3,654,000 1.20%
906 VANGUARD SPECIALIZED FUNDS 61,878 4,655,000 1.53%
907 HATTERAS FINL CORP 299,550 5,647,000 1.85%
908 DOW CHEM CO 118,914 5,778,000 1.90%
909 JPMORGAN CHASE & CO 97,064 5,893,000 1.93%
910 POWERSHARES ETF TR II 140,974 6,186,000 2.03%
911 Spectra Energy Corp Com 170,578 6,301,000 2.07%
912 GENERAL ELECTRIC CO 269,860 6,987,000 2.29%
913 APPLE INC 13,654 7,329,000 2.40%
914 BERKSHIRE HATHAWAY INC DEL 65,620 8,201,000 2.69%
915 SPDR S&P 500 ETF TR 45,205 8,454,000 2.77%
916 JPMORGAN CHASE & CO 192,614 8,964,000 2.94%
917 ISHARES TR 154,310 9,311,000 3.05%
918 MICROSOFT CORP 245,895 10,079,000 3.31%
919 JOHNSON & JOHNSON 104,234 10,239,000 3.36%
920 EXXON MOBIL CORP 158,406 15,473,000 5.08%
921 POWERSHARES ETF TRUST 184,731 15,636,000 5.13%
922 ISHARES TR 794,211 28,631,000 9.39%
Page 19 of 19

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000909012-14-000205, filed 2014.05.02).

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.