ALBION FINANCIAL GROUP /UT Q1 2019 Filing

Filed May 14, 2019

Portfolio Value

$737.4M

Holdings

205

Report Date

Q1 2019

Filing Type

13F-HR

All Holdings (205 positions)

#	Stock	Shares	Value	% Portfolio
1	VOOVanguard S&P 500	292,675	$76.0M	10.30%
2	IWRiShares Russell Midcap	834,801	$45.0M	6.11%
3	VEUVanguard FTSE All-World ex-US	574,944	$28.8M	3.91%
4	VWOVanguard MSCI Emerging Markets	560,826	$23.8M	3.23%
5	IJRiShares Core S&P Small-Cap	295,423	$22.8M	3.09%
6	AAPLApple Inc.	113,426	$21.5M	2.92%
7	AMZNAmazon.com Inc.	11,809	$21.0M	2.85%
8	XLFSPDR Financial Select	777,700	$20.0M	2.71%
9	MSFTMicrosoft Corporation	160,681	$19.0M	2.57%
10	VCSHVanguard Short-Term Cor. Bond	212,452	$16.9M	2.30%
11	VVISA Inc.	99,112	$15.5M	2.10%
12	GOOGLAlphabet Inc. Class A	12,632	$14.9M	2.02%
13	SNAXXSchwab Value Advantage Money F	14,333,751	$14.3M	1.94%
14	JPMJPMorgan Chase & Co	139,739	$14.1M	1.92%
15	—JP Morgan ETF Trust Ultrashort	242,756	$12.2M	1.66%
16	BRK/BBerkshire Hathaway CL B	60,202	$12.1M	1.64%
17	HDHome Depot Inc.	61,519	$11.8M	1.60%
18	IBBiShares Nasdaq Biotech	104,501	$11.7M	1.58%
19	XLFIReal Estate Select Sector SPDR	322,248	$11.7M	1.58%
20	FMUSDiShares MSCI Frontier 100 Fund	397,750	$11.3M	1.54%
21	SPYSPDR S&P 500 ETF Trust	39,168	$11.1M	1.50%
22	GEGeneral Electric Company	1,106,562	$11.1M	1.50%
23	FISVFiserv Inc.	116,063	$10.2M	1.39%
24	HONHoneywell Intl Inc	61,862	$9.8M	1.33%
25	DISWalt Disney Company	87,750	$9.7M	1.32%
26	CSCOCisco Systems Inc.	173,107	$9.3M	1.27%
27	XLESPDR Energy Sel Sectr	140,468	$9.3M	1.26%
28	COSTCostco Wholesale Corp	34,179	$8.3M	1.12%
29	KEYKeyCorp	472,794	$7.4M	1.01%
30	MCDMcDonald's Corp.	31,763	$6.0M	0.82%
31	UNHUnitedHealth Group, Inc.	23,293	$5.8M	0.78%
32	DGRWWisdom Tree US Div Growth Fund	126,928	$5.5M	0.74%
33	BACVerizon Communications, Inc.	86,038	$5.1M	0.69%
34	UNPUnion Pacific Corp.	30,297	$5.1M	0.69%
35	EDConsolidated Edison, Inc.	59,276	$5.0M	0.68%
36	KMBKimberly-Clark Corp.	39,213	$4.9M	0.66%
37	PEPPepsiCo, Inc.	38,415	$4.7M	0.64%
38	SDYSPDR S&P Dividend	45,135	$4.5M	0.61%
39	LMTLockheed Martin Corp.	14,803	$4.4M	0.60%
40	CLXClorox Company	27,361	$4.4M	0.60%
41	UPSUnited Parcel Service Inc.	37,207	$4.2M	0.56%
42	INTCIntel Corporation	75,001	$4.0M	0.55%
43	CITCintas Corporation	19,806	$4.0M	0.54%
44	R6C2Royal Dutch Shell B	59,325	$3.8M	0.51%
45	PAYXPaychex, Inc.	46,510	$3.7M	0.51%
46	DDominion Energy, Inc.	45,391	$3.5M	0.47%
47	QCOMQualcomm Inc.	59,199	$3.4M	0.46%
48	TTENTotal SA ADR	60,010	$3.3M	0.45%
49	AQLTiShares Select Dividend	34,004	$3.3M	0.45%
50	AMGNAmgen Inc.	17,014	$3.2M	0.44%
51	WECWEC Energy Group	38,746	$3.1M	0.42%
52	HASHasbro Inc.	35,829	$3.0M	0.41%
53	SCHMSchwab US Mid Cap	53,666	$3.0M	0.40%
54	PRFZInvesco FTSE RAFI 1500 Small-M	22,965	$2.9M	0.40%
55	LEGLeggett & Platt Inc.	68,304	$2.9M	0.39%
56	FQIDigital Realty Trust Inc	22,456	$2.7M	0.36%
57	DFEOXDFA US Core Equity	112,983	$2.6M	0.36%
58	TAT&T Inc.	83,567	$2.6M	0.36%
59	SWVXXSchwab Value Advantage Money F	2,588,793	$2.6M	0.35%
60	DYHTarget Corporation	31,615	$2.5M	0.34%
61	SCHGSchwab US Large Cap Growth ETF	30,837	$2.4M	0.33%
62	IJHiShares Core S&P Mid-Cap	12,478	$2.4M	0.32%
63	ONEQFidelity Nasdaq Composite Inde	7,228	$2.2M	0.30%
64	SYYSysco Corporation	32,535	$2.2M	0.29%
65	BWXSPDR Blmbrg Bcly Inv Gr Floati	68,633	$2.1M	0.29%
66	MRKMerck & Co. Inc.	24,016	$2.0M	0.27%
67	GPCGenuine Parts Company	17,733	$2.0M	0.27%
68	IUSGiShares Core Russell U.S. Grow	32,754	$2.0M	0.27%
69	IBMIBM Corp	13,726	$1.9M	0.26%
70	DGROiShares Core Dividend Growth	49,595	$1.8M	0.25%
71	RSPTInvesco S&P 500 Equal Weight T	10,506	$1.8M	0.24%
72	—FIMM Money Market Prime Res Po	1,766,647	$1.8M	0.24%
73	XOMExxon Mobil Corporation	21,570	$1.7M	0.24%
74	FBNDXFidelity Investment Grade	210,679	$1.7M	0.23%
75	VFIDXVanguard Intermediate-Term Inv	170,990	$1.7M	0.22%
76	EWHiShares MSCI Hong Kong	63,000	$1.7M	0.22%
77	NDQInvesco QQQ Trust ETF	8,950	$1.6M	0.22%
78	EVRGEvergy Inc.	27,160	$1.6M	0.21%
79	JNJJohnson & Johnson	11,267	$1.6M	0.21%
80	—Invesco MSCI Global Timber	57,000	$1.6M	0.21%
81	DWDMorgan Stanley	36,396	$1.5M	0.21%
82	DFEQXDFA Short Term Extended Qualit	138,477	$1.5M	0.20%
83	DFIEXDFA International Core Equity	111,470	$1.4M	0.19%
84	MDTMedtronic PLC	14,267	$1.3M	0.18%
85	—VanEck Vectors Biotech ETF	10,014	$1.3M	0.17%
86	AEPAmerican Electric Power	15,210	$1.3M	0.17%
87	DFTEXDFA Intermediate Term Extended	113,101	$1.2M	0.16%
88	FXAIXFidelity 500 Index	12,093	$1.2M	0.16%
89	FLPSXFidelity Low Price Stock AD	24,443	$1.2M	0.16%
90	VASVXVanguard Selected Value Fund	45,488	$1.2M	0.16%
91	WFCWells Fargo & Co	23,500	$1.1M	0.15%
92	PYPLPayPal Holdings, Inc.	10,438	$1.1M	0.15%
93	EWCiShares MSCI Canada	39,000	$1.1M	0.15%
94	FCNTXFidelity Contrafund	85,866	$1.1M	0.15%
95	VWNFXVanguard Windsor II Fund	30,664	$1.1M	0.14%
96	OAKMXOakmark Fund	13,430	$1.0M	0.14%
97	ADBEAdobe Inc.	3,860	$1.0M	0.14%
98	—Wisdomtree Emerging Markets Sm	21,595	$1.0M	0.14%
99	EWSiShares MSCI Singapore	42,270	$1.0M	0.14%
100	FOXFFox Factory Holding Corp.	14,065	$983K	0.13%

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