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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 (2016Q1)
Portfolio Summary: 1,245 holdings with a total value of $538,316,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 APPLIED MATLS INC 84,779 1,795,000 0.33%
52 SOUTHERN CO 32,523 1,682,000 0.31%
53 SCHWAB STRATEGIC TRUST SCHWAB FUNDAMENTAL US 57,029 1,681,000 0.31%
54 HOME DEPOT INC 12,523 1,671,000 0.31%
55 PIEDMONT NAT GAS INC 27,689 1,656,000 0.31%
56 ISHARES 32,042 1,646,000 0.31%
57 SONOCO PRODS CO 33,763 1,639,000 0.30%
58 POWERSHARES ETF TR II 38,665 1,559,000 0.29%
59 LENDINGTREE INC NEW COM 15,511 1,516,000 0.28%
60 VERIZON COMMUNICATIONS INC 27,518 1,488,000 0.28%
61 ALTRIA GROUP INC 23,309 1,460,000 0.27%
62 UNITED PARCEL SERVICE INC 13,727 1,447,000 0.27%
63 MCDONALDS CORP 11,307 1,421,000 0.26%
64 ISHARES TR 26,685 1,418,000 0.26%
65 BAXTER INTL INC 33,562 1,378,000 0.26%
66 DISNEY WALT CO 13,613 1,351,000 0.25%
67 DBX ETF TR 60,538 1,333,000 0.25%
68 POWERSHARES ETF TR II 37,125 1,312,000 0.24%
69 FIFTH STREET FINANCE CORP 235,700 1,183,000 0.22%
70 CLAYMORE EXCHANGE TRD FD TR 48,750 1,176,000 0.22%
71 ISHARES TR 14,427 1,125,000 0.21%
72 NUCOR CORP 23,685 1,120,000 0.21%
73 ETRACS WELLS FARGO MLP EX-ENERGY ETN 61,300 1,113,000 0.21%
74 UNILEVER N V 24,816 1,108,000 0.21%
75 VANGUARD INTL EQUITY INDEX F 25,513 1,100,000 0.20%
76 UNITED TECHNOLOGIES CORP 10,938 1,094,000 0.20%
77 VANGUARD INDEX FDS 10,025 1,067,000 0.20%
78 DU PONT E I DE NEMOURS & CO 16,841 1,066,000 0.20%
79 CSX CORP 41,303 1,063,000 0.20%
80 QUALCOMM INC 20,399 1,043,000 0.19%
81 SCANA 14,617 1,025,000 0.19%
82 DEUTSCHE X-TRACKERS MSCI EAFE HIGH DIVIDEND YIELD HEDGED EQUITY ETF 41,680 939,000 0.17%
83 BRISTOL MYERS SQUIBB CO 14,528 928,000 0.17%
84 CAPITALA FIN CORP 76,000 912,000 0.17%
85 POWERSHARES ETF TR II 59,272 884,000 0.16%
86 VANGUARD INDEX FDS 8,386 879,000 0.16%
87 MEDTRONIC PLC 11,672 875,000 0.16%
88 ISHARES TR 6,061 873,000 0.16%
89 POWERSHARES ETF TRUST 38,760 843,000 0.16%
90 Union Bankshares Corporation 34,011 837,000 0.16%
91 VANGUARD INDEX FDS 10,103 836,000 0.16%
92 VISA INC 10,907 834,000 0.15%
93 DBX ETF TRUST MSCI JAPAN CURRENCY 24,470 820,000 0.15%
94 ROYAL BK CDA MONTREAL QUE 14,185 816,000 0.15%
95 ISHARES TR 7,190 802,000 0.15%
96 PACWEST BANCORP DEL COM 21,542 800,000 0.15%
97 CONOCOPHILLIPS 19,682 792,000 0.15%
98 INTEL CORP 23,944 774,000 0.14%
99 VANGUARD INDEX FDS 9,267 763,000 0.14%
100 JPMORGAN CHASE & CO 27,858 754,000 0.14%
Page 2 of 25

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000909012-16-000487, filed 2016.04.20).

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.