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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 (2016Q3)
Portfolio Summary: 1,246 holdings with a total value of $665,988,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 ISHARES TR 14,643 2,265,000 0.34%
52 3M CO 12,341 2,174,000 0.33%
53 CISCO SYS INC 65,705 2,084,000 0.31%
54 SONOCO PRODS CO 39,399 2,081,000 0.31%
55 INTERNATIONAL BUSINESS MACHS 13,024 2,068,000 0.31%
56 ISHARES 38,011 2,054,000 0.31%
57 HORMEL FOODS CORP 53,228 2,018,000 0.30%
58 AUTOMATIC DATA PROCESSING IN 22,074 1,946,000 0.29%
59 ISHARES TR 23,590 1,917,000 0.29%
60 SYSCO CORP 38,672 1,895,000 0.28%
61 SOUTHERN CO 33,309 1,708,000 0.26%
62 HOME DEPOT INC 13,176 1,695,000 0.25%
63 VERIZON COMMUNICATIONS INC 32,403 1,684,000 0.25%
64 ALTRIA GROUP INC 26,117 1,651,000 0.25%
65 ISHARES TR 27,963 1,541,000 0.23%
66 POWERSHARES ETF TRUST 35,386 1,500,000 0.23%
67 BAXTER INTL INC 31,032 1,477,000 0.22%
68 MERCK & CO INC 22,762 1,420,000 0.21%
69 LENDINGTREE INC NEW COM 14,511 1,406,000 0.21%
70 UNITED PARCEL SERVICE INC 12,799 1,399,000 0.21%
71 CONOCOPHILLIPS 31,907 1,387,000 0.21%
72 MCDONALDS CORP 11,979 1,381,000 0.21%
73 BRISTOL MYERS SQUIBB CO 25,461 1,372,000 0.21%
74 ISHARES TR 19,333 1,307,000 0.20%
75 FIFTH STREET 219,199 1,273,000 0.19%
76 VANGUARD INDEX FDS 11,110 1,247,000 0.19%
77 PHILLIPS 66 15,187 1,223,000 0.18%
78 DBX ETF TR 51,883 1,199,000 0.18%
79 SCANA 16,104 1,165,000 0.17%
80 VANGUARD INTL EQUITY INDEX F 25,613 1,163,000 0.17%
81 CSX CORP 37,815 1,153,000 0.17%
82 QUALCOMM INC 16,811 1,151,000 0.17%
83 NUCOR CORP 22,601 1,117,000 0.17%
84 UNILEVER N V 24,239 1,117,000 0.17%
85 MEDTRONIC PLC 12,405 1,071,000 0.16%
86 UNITED TECHNOLOGIES CORP 10,386 1,055,000 0.16%
87 DBX ETF TRUST XTRACK MSCI JAPN ETF 30,810 1,013,000 0.15%
88 POWERSHARES ETF TR II 65,632 993,000 0.15%
89 ROYAL BK CDA MONTREAL QUE 15,990 990,000 0.15%
90 VANGUARD INDEX FDS 10,828 988,000 0.15%
91 CLAYMORE EXCHANGE TRD FD TR 39,075 988,000 0.15%
92 CAPITALA FIN CORP 73,000 957,000 0.14%
93 JPMORGAN CHASE & CO 30,330 955,000 0.14%
94 ISHARES TR 8,368 943,000 0.14%
95 DU PONT E I DE NEMOURS & CO 14,056 941,000 0.14%
96 WISDOMTREE TR 35,132 926,000 0.14%
97 VANGUARD INDEX FDS 8,272 920,000 0.14%
98 UNION BANKSHARES CORP NEW COM 34,011 910,000 0.14%
99 INTEL CORP 24,015 906,000 0.14%
100 AMGEN INC 5,426 905,000 0.14%
Page 2 of 25

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000909012-16-000582, filed 2016.10.11).

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.