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Institutional Investment Manager
CWA ASSET MANAGEMENT GROUP, LLC
CWA ASSET MANAGEMENT GROUP, LLC (CIK: 0001667134). Institutional holdings reported to the SEC.

Institutional Holdings (2015Q4)
Portfolio Summary: 137 holdings with a total value of $88,880,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 RELM WIRELESS CORP 1,648,007 6,493,000 7.31%
2 APPLE INC 53,548 5,636,000 6.34%
3 FEDERATED HERMES INC CL B 98,281 2,816,000 3.17%
4 BALLANTYNE STRONG INC 438,619 2,022,000 2.27%
5 GENERAL ELECTRIC CO 42,944 1,338,000 1.51%
6 BANKUNITED INC 36,612 1,320,000 1.49%
7 ALPHABET INC 1,641 1,245,000 1.40%
8 WELLS FARGO & CO NEW 22,736 1,236,000 1.39%
9 AT&T INC 35,888 1,235,000 1.39%
10 PEPSICO INC 12,354 1,234,000 1.39%
11 VANGUARD INDEX FDS 15,436 1,231,000 1.39%
12 LOCKHEED MARTIN CORP 5,667 1,231,000 1.39%
13 JOHNSON & JOHNSON 11,589 1,190,000 1.34%
14 PHILIP MORRIS INTL INC 13,250 1,165,000 1.31%
15 SYSCO CORP 27,750 1,138,000 1.28%
16 FRANCO NEVADA CORP 24,660 1,128,000 1.27%
17 EXXON MOBIL CORP 14,335 1,117,000 1.26%
18 PROCTER AND GAMBLE CO 13,969 1,109,000 1.25%
19 HERSHEY CO 12,241 1,093,000 1.23%
20 DONEGAL GROUP INC 76,689 1,080,000 1.22%
21 MCDONALDS CORP 8,835 1,044,000 1.17%
22 AMAZON COM INC 1,511 1,021,000 1.15%
23 ALTRIA GROUP INC 17,383 1,012,000 1.14%
24 MICROSOFT CORP 17,936 995,000 1.12%
25 BP PLC 31,227 976,000 1.10%
26 JPMORGAN CHASE & CO 14,477 956,000 1.08%
27 FACEBOOK INC 8,909 932,000 1.05%
28 Corrections Corp America Com 34,842 923,000 1.04%
29 CLOROX CO DEL 6,858 870,000 0.98%
30 COLGATE PALMOLIVE CO 12,647 843,000 0.95%
31 KIMBERLY CLARK CORP 6,609 841,000 0.95%
32 NORTHSTAR RLTY FIN CORP 49,114 836,000 0.94%
33 UNILEVER N V 19,005 823,000 0.93%
34 STARBUCKS CORP 13,567 814,000 0.92%
35 GILEAD SCIENCES INC 7,781 787,000 0.89%
36 PEOPLE'S UNITED FIN 47,168 762,000 0.86%
37 COCA COLA CO 17,675 759,000 0.85%
38 VISA INC 9,352 725,000 0.82%
39 THIRD PT REINS LTD 52,762 708,000 0.80%
40 BERKSHIRE HATHAWAY INC DEL 5,352 707,000 0.80%
41 BANK AMER CORP 41,587 700,000 0.79%
42 MASTERCARD INCORPORATED 7,069 688,000 0.77%
43 VERIZON COMMUNICATIONS INC 14,647 677,000 0.76%
44 SPDR GOLD TR 6,618 671,000 0.75%
45 DR PEPPER SNAPPLE GROUP INC 7,165 668,000 0.75%
46 CME GROUP INC 7,254 657,000 0.74%
47 CASEY'S GENERAL STORES INC COM 5,444 656,000 0.74%
48 ALPHABET INC 836 650,000 0.73%
49 CISCO SYS INC 23,594 641,000 0.72%
50 PFIZER INC 19,649 634,000 0.71%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001420506-16-000809, filed 2016.02.16).

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.