ALBION FINANCIAL GROUP /UT Q2 2017 Filing

Filed August 15, 2017

Portfolio Value

$601.9B

Holdings

196

Report Date

Q2 2017

Filing Type

13F-HR

All Holdings (196 positions)

#	Stock	Shares	Value	% Portfolio
1	GEGeneral Electric Company	2,049,911	$55.4B	9.20%
2	VOOVanguard S&P 500	208,509	$46.3B	7.69%
3	IWRiShares Russell Midcap	187,240	$36.0B	5.98%
4	VEUVanguard FTSE All-World ex-US	411,752	$20.6B	3.42%
5	VWOVanguard MSCI Emerging Markets	471,400	$19.2B	3.20%
6	XLFSPDR Financial Select	734,505	$18.1B	3.01%
7	IJRiShares Core S&P Small-Cap	255,151	$17.9B	2.97%
8	AAPLApple Inc.	92,533	$13.3B	2.21%
9	VCSHVanguard Short-Term Cor. Bond	157,039	$12.6B	2.09%
10	XLESPDR Energy Sel Sectr	185,448	$12.0B	2.00%
11	MSFTMicrosoft Corporation	172,354	$11.9B	1.97%
12	METAFacebook, Inc. cl A	77,990	$11.8B	1.96%
13	JPMJPMorgan Chase & Co	125,979	$11.5B	1.91%
14	HDHome Depot Inc.	63,120	$9.7B	1.61%
15	FMUSDiShares MSCI Frontier 100 Fund	336,601	$9.6B	1.60%
16	SPYSPDR S&P 500 ETF Trust	38,927	$9.4B	1.56%
17	GOOGLAlphabet Inc. Class A	10,123	$9.4B	1.56%
18	CELGCelgene Corp.	71,673	$9.3B	1.55%
19	IBBiShares Nasdaq Biotech	29,819	$9.2B	1.54%
20	THOThor Industries Inc.	87,821	$9.2B	1.52%
21	DISWalt Disney Company	85,721	$9.1B	1.51%
22	VVISA Inc.	94,175	$8.8B	1.47%
23	KEYKeyCorp	468,465	$8.8B	1.46%
24	XLFIReal Estate Select Sector SPDR	269,106	$8.7B	1.44%
25	BRK/BBerkshire Hathaway CL B	49,851	$8.4B	1.40%
26	—Allergan Plc	32,939	$8.0B	1.33%
27	AMZNAmazon.com Inc.	8,005	$7.7B	1.29%
28	TOTLSPDR Doubleline Total Return T	150,242	$7.4B	1.23%
29	FISVFiserv Inc.	53,973	$6.6B	1.10%
30	CSCOCisco Systems Inc.	175,997	$5.5B	0.92%
31	HONHoneywell Intl Inc	36,701	$4.9B	0.81%
32	KMBKimberly-Clark Corp.	36,601	$4.7B	0.79%
33	MCDMcDonald's Corp.	30,802	$4.7B	0.78%
34	MRKMerck & Co. Inc.	67,732	$4.3B	0.72%
35	CLXClorox Company	31,525	$4.2B	0.70%
36	KHCKraft Heinz Company	46,038	$3.9B	0.66%
37	LMTLockheed Martin Corp.	13,429	$3.7B	0.62%
38	IPInternational Paper Co.	65,817	$3.7B	0.62%
39	EDConsolidated Edison, Inc.	42,911	$3.5B	0.58%
40	XOMExxon Mobil Corporation	39,280	$3.2B	0.53%
41	IJHiShares Core S&P Mid-Cap	17,657	$3.1B	0.51%
42	HASHasbro Inc.	27,122	$3.0B	0.50%
43	SCHMSchwab US Mid Cap	59,942	$2.9B	0.48%
44	JNJJohnson & Johnson	21,744	$2.9B	0.48%
45	UNPUnion Pacific Corp.	25,818	$2.8B	0.47%
46	DGRWWisdom Tree US Div Growth Fund	76,337	$2.8B	0.47%
47	—Pshrs FTSE RAFI 1500 Sm Mid	22,965	$2.7B	0.45%
48	LEGLeggett & Platt Inc.	51,135	$2.7B	0.45%
49	BACVerizon Communications, Inc.	60,037	$2.7B	0.45%
50	FQIDigital Realty Trust Inc	19,401	$2.2B	0.36%
51	INTCIntel Corporation	63,895	$2.2B	0.36%
52	TTENTotal SA ADR	42,250	$2.1B	0.35%
53	SCHGSchwab US Large Cap Growth ETF	32,649	$2.1B	0.34%
54	R6C2Royal Dutch Shell B	37,284	$2.0B	0.34%
55	DFEOXDFA US Core Equity	98,098	$2.0B	0.34%
56	QCOMQualcomm Inc.	35,786	$2.0B	0.33%
57	TAT&T Inc.	52,149	$2.0B	0.33%
58	ONEQFidelity Nasdaq Composite Inde	7,952	$1.9B	0.32%
59	GISGeneral Mills Inc.	33,039	$1.8B	0.30%
60	IUSGiShares Core Russell U.S. Grow	34,810	$1.7B	0.28%
61	—Guggenheim Timber	57,000	$1.6B	0.27%
62	DGROiShares Core Dividend Growth	51,139	$1.6B	0.27%
63	—Accelerate Diagnostics, Inc.	58,278	$1.6B	0.26%
64	WRUSDWestar Energy Inc	29,695	$1.6B	0.26%
65	—VanEck Vectors Biotech ETF	12,251	$1.5B	0.26%
66	FBNDXFidelity Investment Grade	192,048	$1.5B	0.25%
67	VFIDXVanguard Intermediate-Term Inv	152,361	$1.5B	0.25%
68	EWHiShares MSCI Hong Kong	63,000	$1.5B	0.25%
69	—Guggenheim S&P 500 Equal Weigh	11,712	$1.5B	0.24%
70	SYYSysco Corporation	28,896	$1.5B	0.24%
71	—PowerShares QQQ Trust Sr 1	9,656	$1.3B	0.22%
72	BMYBristol-Myers Squibb Co.	23,832	$1.3B	0.22%
73	WFCWells Fargo & Co	23,500	$1.3B	0.22%
74	MMM3M Company	5,878	$1.2B	0.20%
75	MDTMedtronic Plc	13,781	$1.2B	0.20%
76	COHREURCoherent Inc.	5,386	$1.2B	0.20%
77	DFEQXDFA Short Term Extended Qualit	109,433	$1.2B	0.20%
78	DFIEXDFA International Core Equity	89,668	$1.2B	0.20%
79	TJXTJX Companies Inc.	15,551	$1.1B	0.19%
80	CHKPCheck Point Software	9,963	$1.1B	0.18%
81	FLPSXFidelity Low Price Stock AD	20,232	$1.1B	0.18%
82	VASVXVanguard Selected Value Fund	34,504	$1.1B	0.18%
83	KOCoca-Cola Company	23,754	$1.1B	0.18%
84	AEPAmerican Electric Power	15,310	$1.1B	0.18%
85	EWCiShares MSCI Canada	39,000	$1.0B	0.17%
86	ADBEAdobe Systems Inc.	7,297	$1.0B	0.17%
87	FCNTXFidelity Contrafund	8,782	$1.0B	0.17%
88	EWSiShares MSCI Singapore	42,270	$998.0M	0.17%
89	—Wisdomtree Emerging Markets Sm	21,595	$988.0M	0.16%
90	OAKMXOakmark Fund	12,457	$976.0M	0.16%
91	DFTEXDFA Intermediate Term Extended	89,580	$966.0M	0.16%
92	VWNFXVanguard Windsor II Fund	25,668	$963.0M	0.16%
93	SDYSPDR S&P Dividend	10,549	$938.0M	0.16%
94	SBUXStarbucks Corporation	15,957	$930.0M	0.15%
95	TSLATesla Motors, Inc.	2,548	$921.0M	0.15%
96	PFEPfizer Inc.	26,132	$878.0M	0.15%
97	PGProcter & Gamble Co.	9,838	$857.0M	0.14%
98	—Guggenheim S&P Midcap 400 Pure	6,053	$847.0M	0.14%
99	EWAiShares MSCI Australia Index F	38,670	$838.0M	0.14%
100	—TIAA-CREF Institutional Large	32,322	$832.0M	0.14%

Page 1 of 2Next