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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 (2015Q3)
Portfolio Summary: 1,223 holdings with a total value of $451,014,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 GRAMERCY PPTY TR 220,644 1,579,000 0.35%
52 CLAYMORE EXCHANGE TRD FD TR 62,970 1,566,000 0.35%
53 FIFTH STREET FINANCE CORP 274,500 1,561,000 0.35%
54 LENDINGTREE INC NEW COM 15,511 1,465,000 0.32%
55 APPLIED MATLS INC 90,386 1,452,000 0.32%
56 HOME DEPOT INC 11,671 1,439,000 0.32%
57 FIAT CHRYSLER AUTOMOBILES N 92,446 1,413,000 0.31%
58 VANGUARD INTL EQUITY INDEX F 31,033 1,407,000 0.31%
59 SOUTHERN CO 30,001 1,382,000 0.31%
60 WISDOMTREE TR 43,419 1,312,000 0.29%
61 POWERSHARES ETF TRUST 63,525 1,297,000 0.29%
62 UNITED PARCEL SERVICE INC 12,196 1,283,000 0.28%
63 DISNEY WALT CO 11,537 1,270,000 0.28%
64 BAXTER INTL INC 35,137 1,250,000 0.28%
65 CSX CORP 43,925 1,207,000 0.27%
66 VERIZON COMMUNICATIONS INC 26,767 1,200,000 0.27%
67 MCDONALDS CORP 11,364 1,165,000 0.26%
68 SONOCO PRODS CO 27,043 1,130,000 0.25%
69 UNILEVER N V 24,055 1,091,000 0.24%
70 ALTRIA GROUP INC 18,033 1,079,000 0.24%
71 UNITED TECHNOLOGIES CORP 10,719 1,050,000 0.23%
72 NUCOR CORP 25,197 1,015,000 0.23%
73 CAPITALA FIN CORP 73,000 1,005,000 0.22%
74 CONOCOPHILLIPS 18,963 1,004,000 0.22%
75 DU PONT E I DE NEMOURS & CO 17,292 990,000 0.22%
76 VANGUARD INDEX FDS 9,332 983,000 0.22%
77 DBX ETF TR 39,930 951,000 0.21%
78 BRISTOL MYERS SQUIBB CO 14,968 935,000 0.21%
79 PACWEST BANCORP DEL COM 21,542 926,000 0.21%
80 SCANA 15,680 905,000 0.20%
81 SCHWAB STRATEGIC TRUST SCHWAB FUNDAMENTAL US 31,264 901,000 0.20%
82 ISHARES TR 6,191 879,000 0.19%
83 VANGUARD INDEX FDS 10,841 875,000 0.19%
84 VANGUARD INDEX FDS 8,421 873,000 0.19%
85 POWERSHARES ETF TR II 59,203 873,000 0.19%
86 Union Bankshares Corporation 34,011 858,000 0.19%
87 POWERSHARES ETF TR II 22,578 851,000 0.19%
88 MEDTRONIC PLC 11,558 848,000 0.19%
89 ISHARES TR 10,938 833,000 0.18%
90 AMGEN INC 5,437 816,000 0.18%
91 ROYAL BK CDA MONTREAL QUE 14,148 803,000 0.18%
92 LINCOLN NATL CORP IND 15,843 799,000 0.18%
93 ARES CAPITAL CORP 52,899 795,000 0.18%
94 EGA EMERGING GLOBAL SHS TR 47,195 789,000 0.17%
95 ISHARES TR 2,548 775,000 0.17%
96 J P MORGAN EXCHANGE TRADED F 15,003 768,000 0.17%
97 VISA INC 9,899 746,000 0.17%
98 OCCIDENTAL PETE CORP DEL 10,324 743,000 0.16%
99 KINDER MORGAN INC DEL 23,207 729,000 0.16%
100 WAL-MART STORES INC 11,559 677,000 0.15%
Page 2 of 25

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000909012-15-000313, filed 2015.10.28).

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.