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Institutional Investment Manager
HARFST & ASSOCIATES, INC.
HARFST & ASSOCIATES, INC. (CIK: 0001649147). Institutional holdings reported to the SEC.

Institutional Holdings (2015Q3)
Portfolio Summary: 281 holdings with a total value of $228,102,000.
#
Name
Shares
Value ($)
%
Options
Notes
251 INTEL CORP 57,276 1,726,000 0.76%
252 DANAHER CORP DEL 20,356 1,735,000 0.76%
253 3M CO 12,357 1,752,000 0.77%
254 LAUDER ESTEE COS INC 21,772 1,757,000 0.77%
255 JOHNSON & JOHNSON 18,997 1,773,000 0.78%
256 CISCO SYS INC 68,999 1,811,000 0.79%
257 PAYCHEX INC 38,040 1,812,000 0.79%
258 SCHWAB CHARLES CORP 63,768 1,821,000 0.80%
259 ABBOTT LABS 45,322 1,823,000 0.80%
260 MICROSOFT CORP 43,888 1,942,000 0.85%
261 TJX COS INC NEW 27,511 1,965,000 0.86%
262 RAYTHEON CO 18,166 1,985,000 0.87%
263 MEDTRONIC PLC 29,893 2,001,000 0.88%
264 COSTCO WHSL CORP NEW 14,618 2,113,000 0.93%
265 STRYKER CORP 22,549 2,122,000 0.93%
266 BRISTOL MYERS SQUIBB CO 35,902 2,125,000 0.93%
267 GENERAL DYNAMICS CORP 16,710 2,305,000 1.01%
268 HORMEL FOODS CORP 36,548 2,314,000 1.01%
269 Chubb Corporation 19,090 2,341,000 1.03%
270 VANGUARD INDEX FDS 32,998 2,493,000 1.09%
271 NIKE INC 20,577 2,530,000 1.11%
272 LILLY ELI & CO 31,768 2,659,000 1.17%
273 APPLE INC 26,491 2,922,000 1.28%
274 VANGUARD INDEX FDS 25,637 4,505,000 1.97%
275 SCHWAB U.S. MID-CAP ETF 115,833 4,508,000 1.98%
276 ISHARES TR 25,004 4,819,000 2.11%
277 PROCTER AND GAMBLE CO 84,642 6,089,000 2.67%
278 POWERSHARES ETF TR II 201,277 7,238,000 3.17%
279 SPDR SER TR 101,314 7,311,000 3.21%
280 ISHARES TR 320,154 21,838,000 9.57%
281 RAYMOND JAMES FINANC 1,267,606 62,911,000 27.58%
Page 6 of 6

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001606587-15-000300, filed 2015.11.09).

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.