Dark
Light
System
Security
EXCEL TR INC
EXCEL TR INC. Institutional holdings reported to the SEC.

Institutional Holders (2014Q3)
Portfolio Summary: 134 Institutional holders with a total value of $589,760,067.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 FMR LLC 7,888,080 92,842,000 15.74%
2 VANGUARD GROUP INC 6,249,399 73,556,000 12.47%
3 PRIVATE MANAGEMENT GROUP INC 3,369,320 39,657,000 6.72%
4 JPMORGAN CHASE & CO 2,577,395 30,337,000 5.14%
5 MILLENNIUM MANAGEMENT LLC 2,138,761 25,173,000 4.27%
6 BlackRock Institutional Trust Company, N.A. 2,026,852 23,856,000 4.05%
7 SYSTEMATIC FINANCIAL MANAGEMENT LP 1,881,253 22,142,000 3.75%
8 PRUDENTIAL FINANCIAL INC 1,794,897 21,126,000 3.58%
9 Forward Management, LLC 1,655,448 19,485,000 3.30%
10 BlackRock Fund Advisors 1,455,206 17,128,000 2.90%
11 Neuberger Berman Group LLC 1,231,300 14,492,000 2.46%
12 Starwood Real Estate Securities, LLC 1,199,041 14,113,000 2.39%
13 Clearbridge Investments, LLC 1,182,600 13,919,000 2.36%
14 Bank of New York Mellon Corp 1,145,664 13,485,000 2.29%
15 STATE STREET CORP 993,745 11,698,000 1.98%
16 NORTHERN TRUST CORP 823,570 9,693,000 1.64%
17 Nuveen Asset Management, LLC 803,245 9,454,000 1.60%
18 TEACHERS ADVISORS, LLC 801,357 9,432,000 1.60%
19 AMERICAN CENTURY COMPANIES INC 797,647 9,388,000 1.59%
20 Crow Point Partners, LLC 700,000 8,243,000 1.40%
21 Opus Capital Group, LLC 626,375 7,373,000 1.25%
22 DIMENSIONAL FUND ADVISORS LP 525,011 6,180,000 1.05%
23 BlackRock Group LTD 427,710 5,034,000 0.85%
24 D. E. Shaw & Co., Inc. 369,670 4,351,000 0.74%
25 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 365,262 4,300,000 0.73%
26 MANNING & NAPIER ADVISORS LLC 344,849 4,057,000 0.69%
27 GEODE CAPITAL MANAGEMENT, LLC 293,980 3,460,000 0.59%
28 Invesco Ltd. 292,869 3,447,000 0.58%
29 NEW YORK STATE COMMON RETIREMENT FUND 292,650 3,444,000 0.58%
30 SHIKIAR ASSET MANAGEMENT INC 291,921 3,436,000 0.58%
31 THIRD AVENUE MANAGEMENT LLC 287,615 3,385,000 0.57%
32 TIAA CREF INVESTMENT MANAGEMENT LLC 253,242 2,981,000 0.51%
33 LAZARD ASSET MANAGEMENT LLC 218,500 2,571,000 0.44%
34 CITADEL ADVISORS LLC 211,834 2,494,000 0.42%
35 ALLIANCEBERNSTEIN L.P. 207,474 2,442,000 0.41%
36 BlackRock Investment Management, LLC 203,717 2,398,000 0.41%
37 FIC CAPITAL INC 200,284 2,357,000 0.40%
38 SECURIAN ASSET MANAGEMENT, INC 196,500 2,313,000 0.39%
39 Asset Management One Co., Ltd. 174,583 2,077,000 0.35%
40 LSV ASSET MANAGEMENT 159,100 1,872,000 0.32%
41 CREDIT SUISSE AG/ 155,196 1,827,000 0.31%
42 GUGGENHEIM CAPITAL LLC 148,950 1,754,000 0.30%
43 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 148,550 1,748,000 0.30%
44 TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA 131,275 1,545,000 0.26%
45 STRS OHIO 122,652 1,444,000 0.24%
46 RMR Advisors LLC 113,568 1,337,000 0.23%
47 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 112,789 1,328,000 0.23%
48 SCHRODER INVESTMENT MANAGEMENT GROUP 93,642 1,102,167 0.19%
49 Legal & General Group Plc 92,770 1,092,000 0.19%
50 DEUTSCHE BANK AG\ 87,462 1,027,000 0.17%
Page 1 of 3

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.