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

Institutional Holdings (2016Q4)
Portfolio Summary: 64 holdings with a total value of $200,110,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 TESLA INC 948 202,000 0.10%
2 VANGUARD SPECIALIZED FUNDS 2,440 207,000 0.10%
3 ISHARES RUSSELL 3000 ETF 1,650 219,000 0.11%
4 NEXTERA ENERGY INC 1,846 220,000 0.11%
5 INTEL CORP 6,884 249,000 0.12%
6 ABBVIE INC 4,146 259,000 0.13%
7 SYSCO CORP 4,828 267,000 0.13%
8 HONEYWELL INTL INC 2,312 267,000 0.13%
9 AUTOMATIC DATA PROCESSING IN 2,795 287,000 0.14%
10 V F CORP 5,463 291,000 0.15%
11 BAXTER INTL INC 6,595 292,000 0.15%
12 ORACLE CORP 7,725 297,000 0.15%
13 STRYKER CORP 2,499 299,000 0.15%
14 PAYCHEX INC 4,941 300,000 0.15%
15 MEDTRONIC PLC 4,237 301,000 0.15%
16 BRISTOL MYERS SQUIBB CO 5,172 302,000 0.15%
17 CHUBB LIMITED 2,286 302,000 0.15%
18 COSTCO WHSL CORP NEW 1,914 306,000 0.15%
19 ILLINOIS TOOL WKS INC 2,522 308,000 0.15%
20 UNITEDHEALTH GROUP INC 1,927 308,000 0.15%
21 CONSOLIDATED EDISON INC 4,315 317,000 0.16%
22 EXXON MOBIL CORP 3,519 317,000 0.16%
23 CISCO SYS INC 11,071 334,000 0.17%
24 NIKE INC 6,762 343,000 0.17%
25 HORMEL FOODS CORP 9,981 347,000 0.17%
26 VANGUARD BD INDEX FDS 4,442 352,000 0.18%
27 PPG INDS INC 3,813 361,000 0.18%
28 LITHIA MTRS INC COM 3,760 364,000 0.18%
29 JOHNSON & JOHNSON 3,280 377,000 0.19%
30 UNION PAC CORP 3,721 385,000 0.19%
31 DOMINION ENERGY INC 5,187 397,000 0.20%
32 RAYTHEON CO 2,798 397,000 0.20%
33 PEPSICO INC 3,901 408,000 0.20%
34 GENUINE PARTS CO 4,403 420,000 0.21%
35 ADOBE INC 4,183 430,000 0.21%
36 VISA INC 5,532 431,000 0.22%
37 CHEVRON CORP NEW 3,940 463,000 0.23%
38 AT&T INC 11,086 471,000 0.24%
39 ROSS STORES INC 7,785 510,000 0.25%
40 TJX COS INC NEW 6,869 516,000 0.26%
41 BARNES GROUP INC COM 10,997 521,000 0.26%
42 BARD C R INC 2,470 554,000 0.28%
43 ISHARES TR 5,472 574,000 0.29%
44 VANGUARD WORLD FD 5,313 673,000 0.34%
45 MICROSOFT CORP 11,029 685,000 0.34%
46 POWERSHARES QQQ TRUST 7,290 863,000 0.43%
47 BERKSHIRE HATHAWAY INC DEL 5,420 883,000 0.44%
48 APPLE INC 8,711 1,008,000 0.50%
49 SELECT SECTOR SPDR TR 15,001 1,034,000 0.52%
50 VANGUARD SCOTTSDALE FDS 27,819 1,778,000 0.89%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001606587-17-000085, filed 2017.02.03).

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.