ALBION FINANCIAL GROUP /UT Q3 2017 Filing

Filed November 9, 2017

Portfolio Value

$654.8B

Holdings

196

Report Date

Q3 2017

Filing Type

13F-HR

All Holdings (196 positions)

#	Stock	Shares	Value	% Portfolio
1	VOOVanguard S&P 500	223,516	$51.6B	7.88%
2	GEGeneral Electric Company	2,034,399	$49.2B	7.51%
3	IWRiShares Russell Midcap	192,000	$37.9B	5.78%
4	VEUVanguard FTSE All-World ex-US	520,255	$27.4B	4.19%
5	VWOVanguard MSCI Emerging Markets	492,334	$21.5B	3.28%
6	IJRiShares Core S&P Small-Cap	262,425	$19.5B	2.97%
7	XLFSPDR Financial Select	749,634	$19.4B	2.96%
8	METAFacebook, Inc. cl A	86,148	$14.7B	2.25%
9	AAPLApple Inc.	90,709	$14.0B	2.13%
10	XLESPDR Energy Sel Sectr	194,615	$13.3B	2.04%
11	VCSHVanguard Short-Term Cor. Bond	160,606	$12.9B	1.97%
12	MSFTMicrosoft Corporation	165,680	$12.3B	1.88%
13	FMUSDiShares MSCI Frontier 100 Fund	389,162	$12.2B	1.86%
14	JPMJPMorgan Chase & Co	123,729	$11.8B	1.80%
15	THOThor Industries Inc.	86,196	$10.9B	1.66%
16	IBBiShares Nasdaq Biotech	32,363	$10.8B	1.65%
17	GOOGLAlphabet Inc. Class A	11,015	$10.7B	1.64%
18	BRK/BBerkshire Hathaway CL B	57,241	$10.5B	1.60%
19	CELGCelgene Corp.	71,011	$10.4B	1.58%
20	HDHome Depot Inc.	62,464	$10.2B	1.56%
21	SPYSPDR S&P 500 ETF Trust	38,946	$9.8B	1.49%
22	VVISA Inc.	92,404	$9.7B	1.49%
23	XLFIReal Estate Select Sector SPDR	286,648	$9.2B	1.41%
24	KEYKeyCorp	466,355	$8.8B	1.34%
25	DISWalt Disney Company	84,901	$8.4B	1.28%
26	TOTLSPDR Doubleline Total Return T	159,213	$7.8B	1.20%
27	—Allergan Plc	36,840	$7.5B	1.15%
28	AMZNAmazon.com Inc.	7,848	$7.5B	1.15%
29	FISVFiserv Inc.	53,166	$6.9B	1.05%
30	CSCOCisco Systems Inc.	177,558	$6.0B	0.91%
31	HONHoneywell Intl Inc	37,428	$5.3B	0.81%
32	MCDMcDonald's Corp.	32,265	$5.1B	0.77%
33	DGRWWisdom Tree US Div Growth Fund	129,459	$4.9B	0.75%
34	COHREURCoherent Inc.	18,820	$4.4B	0.68%
35	IPInternational Paper Co.	77,842	$4.4B	0.68%
36	KMBKimberly-Clark Corp.	37,123	$4.4B	0.67%
37	MRKMerck & Co. Inc.	67,523	$4.3B	0.66%
38	LMTLockheed Martin Corp.	13,858	$4.3B	0.66%
39	EDConsolidated Edison, Inc.	52,559	$4.2B	0.65%
40	SDYSPDR S&P Dividend	45,273	$4.1B	0.63%
41	CLXClorox Company	30,421	$4.0B	0.61%
42	KHCKraft Heinz Company	47,757	$3.7B	0.57%
43	JNJJohnson & Johnson	27,672	$3.6B	0.55%
44	BMYBristol-Myers Squibb Co.	51,792	$3.3B	0.50%
45	HASHasbro Inc.	32,561	$3.2B	0.49%
46	BACVerizon Communications, Inc.	64,142	$3.2B	0.48%
47	TAT&T Inc.	80,579	$3.2B	0.48%
48	IJHiShares Core S&P Mid-Cap	17,516	$3.1B	0.48%
49	UNPUnion Pacific Corp.	26,737	$3.1B	0.47%
50	R6C2Royal Dutch Shell B	48,819	$3.1B	0.47%
51	SCHMSchwab US Mid Cap	59,824	$3.0B	0.46%
52	—Pshrs FTSE RAFI 1500 Sm Mid	22,965	$2.9B	0.44%
53	TTENTotal SA ADR	53,230	$2.8B	0.44%
54	LEGLeggett & Platt Inc.	59,650	$2.8B	0.43%
55	INTCIntel Corporation	71,024	$2.7B	0.41%
56	FQIDigital Realty Trust Inc	19,621	$2.3B	0.35%
57	QCOMQualcomm Inc.	44,675	$2.3B	0.35%
58	XOMExxon Mobil Corporation	27,227	$2.2B	0.34%
59	DFEOXDFA US Core Equity	100,697	$2.2B	0.33%
60	SCHGSchwab US Large Cap Growth ETF	32,298	$2.1B	0.33%
61	ONEQFidelity Nasdaq Composite Inde	7,921	$2.0B	0.31%
62	AQLTiShares Select Dividend	20,259	$1.9B	0.29%
63	—DowDuPont Inc.	26,519	$1.8B	0.28%
64	IUSGiShares Core Russell U.S. Grow	34,758	$1.8B	0.27%
65	GISGeneral Mills Inc.	33,324	$1.7B	0.26%
66	—Guggenheim Timber	57,000	$1.7B	0.26%
67	SYYSysco Corporation	31,586	$1.7B	0.26%
68	DGROiShares Core Dividend Growth	52,271	$1.7B	0.26%
69	—VanEck Vectors Biotech ETF	11,908	$1.6B	0.24%
70	—Guggenheim S&P 500 Equal Weigh	11,673	$1.6B	0.24%
71	EWHiShares MSCI Hong Kong	63,000	$1.6B	0.24%
72	FBNDXFidelity Investment Grade	193,028	$1.5B	0.23%
73	VFIDXVanguard Intermediate-Term Inv	152,361	$1.5B	0.23%
74	WRUSDWestar Energy Inc	29,695	$1.5B	0.22%
75	—PowerShares QQQ Trust Sr 1	9,766	$1.4B	0.22%
76	DWDMorgan Stanley	28,066	$1.4B	0.21%
77	—Accelerate Diagnostics, Inc.	58,278	$1.3B	0.20%
78	WFCWells Fargo & Co	23,500	$1.3B	0.20%
79	DFIEXDFA International Core Equity	91,428	$1.3B	0.20%
80	DFEQXDFA Short Term Extended Qualit	114,903	$1.2B	0.19%
81	EWCiShares MSCI Canada	39,000	$1.1B	0.17%
82	VASVXVanguard Selected Value Fund	34,504	$1.1B	0.17%
83	CHKPCheck Point Software	9,748	$1.1B	0.17%
84	ADBEAdobe Systems Inc.	7,297	$1.1B	0.17%
85	AEPAmerican Electric Power	15,310	$1.1B	0.16%
86	MDTMedtronic Plc	13,781	$1.1B	0.16%
87	FCNTXFidelity Contrafund	8,782	$1.1B	0.16%
88	—Wisdomtree Emerging Markets Sm	21,595	$1.1B	0.16%
89	FLPSXFidelity Low Price Stock AD	20,232	$1.0B	0.16%
90	EWSiShares MSCI Singapore	42,270	$1.0B	0.16%
91	OAKMXOakmark Fund	12,457	$1.0B	0.16%
92	DFTEXDFA Intermediate Term Extended	93,836	$1.0B	0.16%
93	VWNFXVanguard Windsor II Fund	25,668	$985.0M	0.15%
94	KOCoca-Cola Company	21,576	$971.0M	0.15%
95	RPRealpage Inc.	23,092	$921.0M	0.14%
96	PFEPfizer Inc.	25,439	$908.0M	0.14%
97	—Guggenheim S&P Midcap 400 Pure	6,020	$869.0M	0.13%
98	TSLATesla Motors, Inc.	2,548	$869.0M	0.13%
99	EWAiShares MSCI Australia Index F	38,670	$868.0M	0.13%
100	AMATApplied Materials Inc.	16,639	$867.0M	0.13%

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