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

Institutional Holdings (2015Q4)
Portfolio Summary: 299 holdings with a total value of $245,608,000.
#
Name
Shares
Value ($)
%
Options
Notes
251 PACCAR INC 24,034 1,139,000 0.46%
252 OCCIDENTAL PETE CORP DEL 14,860 1,161,000 0.47%
253 GRAINGER W W INC 5,972 1,209,000 0.49%
254 ROCKWELL AUTOMATION INC 12,136 1,245,000 0.51%
255 CHEVRON CORP NEW 14,249 1,281,000 0.52%
256 ARCHER DANIELS MIDLAND CO 34,970 1,282,000 0.52%
257 ROYAL DUTCH SHELL PLC 18,810 1,313,000 0.53%
258 PRICE T ROWE GROUP INC 18,770 1,341,000 0.55%
259 EXXON MOBIL CORP 17,617 1,373,000 0.56%
260 SPDR S&P 500 ETF TR 6,779 1,382,000 0.56%
261 NIKE INC 23,212 1,450,000 0.59%
262 V F CORP 23,614 1,469,000 0.60%
263 APPLIED MATLS INC 80,340 1,499,000 0.61%
264 BAKER HUGHES INC 25,570 1,515,000 0.62%
265 ORACLE CORP 41,863 1,529,000 0.62%
266 MERCK & CO INC 28,964 1,529,000 0.62%
267 AUTOMATIC DATA PROCESSING IN 19,310 1,635,000 0.67%
268 BOEING CO 11,922 1,723,000 0.70%
269 HONEYWELL INTL INC 16,805 1,740,000 0.71%
270 TEXAS INSTRS INC 32,953 1,806,000 0.74%
271 3M CO 12,357 1,861,000 0.76%
272 CISCO SYS INC 68,999 1,873,000 0.76%
273 DANAHER CORP DEL 20,377 1,892,000 0.77%
274 LAUDER ESTEE COS INC 21,732 1,913,000 0.78%
275 JOHNSON & JOHNSON 18,719 1,922,000 0.78%
276 SCHWAB CHARLES CORP 59,840 1,970,000 0.80%
277 TJX COS INC NEW 27,861 1,975,000 0.80%
278 INTEL CORP 57,334 1,975,000 0.80%
279 ABBOTT LABS 45,188 2,029,000 0.83%
280 PAYCHEX INC 38,458 2,034,000 0.83%
281 STRYKER CORP 22,750 2,114,000 0.86%
282 RAYTHEON CO 18,183 2,264,000 0.92%
283 GENERAL DYNAMICS CORP 16,710 2,295,000 0.93%
284 MEDTRONIC PLC 30,177 2,321,000 0.95%
285 COSTCO WHSL CORP NEW 14,754 2,382,000 0.97%
286 BRISTOL MYERS SQUIBB CO 35,932 2,471,000 1.01%
287 LILLY ELI & CO 29,653 2,498,000 1.02%
288 VANGUARD INDEX FDS 33,495 2,670,000 1.09%
289 MICROSOFT CORP 48,612 2,696,000 1.10%
290 APPLE INC 26,892 2,830,000 1.15%
291 HORMEL FOODS CORP 36,548 2,890,000 1.18%
292 SCHWAB U.S. MID-CAP ETF 114,292 4,579,000 1.86%
293 VANGUARD INDEX FDS 25,637 4,792,000 1.95%
294 ISHARES TR 25,298 5,183,000 2.11%
295 PROCTER AND GAMBLE CO 84,582 6,716,000 2.73%
296 SPDR SER TR 96,338 7,087,000 2.89%
297 POWERSHARES ETF TR II 202,202 7,798,000 3.17%
298 ISHARES TR 336,834 24,686,000 10.05%
299 RAYMOND JAMES FINANC 1,267,561 73,480,000 29.92%
Page 6 of 6

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001606587-16-000379, filed 2016.02.05).

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.