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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 (2016Q4)
Portfolio Summary: 1,237 holdings with a total value of $700,831,000.
#
Name
Shares
Value ($)
%
Options
Notes
1051 ILLINOIS TOOL WKS INC 2,627 321,000 0.05%
1052 GLAXOSMITHKLINE PLC 8,337 321,000 0.05%
1053 ISHARES TR 2,862 323,000 0.05%
1054 FIFTH THIRD BANCORP 12,195 328,000 0.05%
1055 NEXTERA ENERGY INC 2,750 328,000 0.05%
1056 NOVARTIS A G 4,519 329,000 0.05%
1057 COACH INC 9,439 330,000 0.05%
1058 POWERSHARES ETF TR II 8,180 332,000 0.05%
1059 TJX COS INC NEW 4,454 334,000 0.05%
1060 ALPHABET INC 445 343,000 0.05%
1061 CLAYMORE EXCHANGE TRD FD TR 13,415 346,000 0.05%
1062 LAMAR ADVERTISING CO NEW CL A 5,183 348,000 0.05%
1063 PPG INDS INC 3,771 357,000 0.05%
1064 ISHARES TR 2,948 359,000 0.05%
1065 COSTCO WHSL CORP NEW 2,250 360,000 0.05%
1066 NORFOLK SOUTHERN CORP 3,376 364,000 0.05%
1067 GILEAD SCIENCES INC 5,105 365,000 0.05%
1068 COLGATE PALMOLIVE CO 5,671 371,000 0.05%
1069 LILLY ELI & CO 5,107 375,000 0.05%
1070 ISHARES TR 8,325 377,000 0.05%
1071 PIMCO ETF TR 3,841 392,000 0.06%
1072 GRAINGER W W INC 1,695 393,000 0.06%
1073 POWERSHARES ETF TRUST II 16,835 393,000 0.06%
1074 GALLAGHER ARTHUR J & CO 7,822 406,000 0.06%
1075 FERRARI N V 7,010 408,000 0.06%
1076 CLOROX CO DEL 3,405 408,000 0.06%
1077 DBX ETF TRUST MSCI JAPAN CURRENCY 11,310 420,000 0.06%
1078 BOEING CO 2,736 425,000 0.06%
1079 FIRST TRUST EXCH TRADED FUND 2 CONSUMR STAPLE ETF 9,398 429,000 0.06%
1080 VANGUARD INDEX FDS 5,252 433,000 0.06%
1081 AMERICAN ELEC PWR INC 6,886 433,000 0.06%
1082 KIMBERLY CLARK CORP 3,915 446,000 0.06%
1083 MONSANTO CO NEW 4,274 449,000 0.06%
1084 NIKE INC 8,893 452,000 0.06%
1085 GENERAL MLS INC 7,337 453,000 0.06%
1086 VANGUARD BD INDEX FDS 5,621 454,000 0.06%
1087 KRAFT HEINZ CO 5,219 455,000 0.06%
1088 DOMINION ENERGY INC 6,178 473,000 0.07%
1089 FIAT CHRYSLER AUTOMOBILES N 52,266 477,000 0.07%
1090 HONEYWELL INTL INC 4,130 478,000 0.07%
1091 AFLAC INC 7,095 493,000 0.07%
1092 SUNTRUST BKS INC 9,187 503,000 0.07%
1093 COCA COLA CONS INC COM 2,827 505,000 0.07%
1094 VANGUARD INDEX FDS 4,979 509,000 0.07%
1095 VANGUARD WORLD FD 4,263 517,000 0.07%
1096 CVS HEALTH CORP 6,598 520,000 0.07%
1097 ISHARES TR 1,965 521,000 0.07%
1098 PAYCHEX INC 8,693 529,000 0.08%
1099 WELLTOWER INC 7,989 534,000 0.08%
1100 MONDELEZ INTL INC 12,250 543,000 0.08%
Page 22 of 25

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000909012-17-000003, filed 2017.01.11).

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.