ALBION FINANCIAL GROUP /UT Q4 2019 Filing

Filed January 31, 2020

Portfolio Value

$842.8M

Holdings

221

Report Date

Q4 2019

Filing Type

13F-HR

All Holdings (221 positions)

#	Stock	Shares	Value	% Portfolio
1	VOOVanguard S&P 500	282,000	$83.4M	9.90%
2	IWRiShares Russell Midcap	804,987	$48.0M	5.69%
3	AAPLApple Inc.	113,350	$33.3M	3.95%
4	VEUVanguard FTSE All-World ex-US	569,998	$30.6M	3.64%
5	IJRiShares Core S&P Small-Cap	297,989	$25.0M	2.96%
6	VWOVanguard MSCI Emerging Markets	557,298	$24.8M	2.94%
7	MSFTMicrosoft Corporation	152,060	$24.0M	2.85%
8	SPLVInvesco S&P 500 Low Volatility	404,309	$23.6M	2.80%
9	XLFSPDR Financial Select	708,175	$21.8M	2.59%
10	AMZNAmazon.com Inc.	11,747	$21.7M	2.58%
11	VCSHVanguard Short-Term Cor. Bond	257,175	$20.8M	2.47%
12	JPMJPMorgan Chase & Co	130,652	$18.2M	2.16%
13	VVISA Inc.	95,752	$18.0M	2.13%
14	BRK/BBerkshire Hathaway CL B	66,017	$15.0M	1.77%
15	—JP Morgan ETF Trust Ultrashort	296,024	$14.9M	1.77%
16	SNAXXSchwab Value Advantage Money F	14,829,664	$14.8M	1.76%
17	DISWalt Disney Company	90,934	$13.2M	1.56%
18	XLFIReal Estate Select Sector SPDR	333,564	$12.9M	1.53%
19	HDHome Depot Inc.	58,677	$12.8M	1.52%
20	FISVFiserv Inc.	109,647	$12.7M	1.50%
21	SPYSPDR S&P 500 ETF Trust	39,352	$12.7M	1.50%
22	GOOGLAlphabet Inc. Class A	8,946	$12.0M	1.42%
23	COSTCostco Wholesale Corp	40,333	$11.9M	1.41%
24	IBBiShares Nasdaq Biotech	97,742	$11.8M	1.40%
25	HONHoneywell Intl Inc	63,127	$11.2M	1.33%
26	GEGeneral Electric Company	960,702	$10.7M	1.27%
27	KEYKeyCorp	425,757	$8.6M	1.02%
28	UNHUnitedHealth Group, Inc.	27,596	$8.1M	0.96%
29	CITCintas Corporation	30,043	$8.1M	0.96%
30	CSCOCisco Systems Inc.	163,590	$7.8M	0.93%
31	XLESPDR Energy Sel Sectr	120,881	$7.3M	0.86%
32	DGRWWisdom Tree US Div Growth Fund	128,277	$6.2M	0.74%
33	QCOMQualcomm Inc.	69,698	$6.1M	0.73%
34	MCDMcDonald's Corp.	30,833	$6.1M	0.72%
35	LMTLockheed Martin Corp.	15,412	$6.0M	0.71%
36	BACVerizon Communications, Inc.	91,975	$5.6M	0.67%
37	EDConsolidated Edison, Inc.	60,422	$5.5M	0.65%
38	KMBKimberly-Clark Corp.	38,737	$5.3M	0.63%
39	UNPUnion Pacific Corp.	28,896	$5.2M	0.62%
40	PEPPepsiCo, Inc.	35,338	$4.8M	0.57%
41	SDYSPDR S&P Dividend	44,668	$4.8M	0.57%
42	AMGNAmgen Inc.	19,477	$4.7M	0.56%
43	DDominion Energy, Inc.	55,805	$4.6M	0.55%
44	INTCIntel Corporation	76,159	$4.6M	0.54%
45	TAT&T Inc.	112,051	$4.4M	0.52%
46	UPSUnited Parcel Service Inc.	36,380	$4.3M	0.51%
47	CLXClorox Company	27,480	$4.2M	0.50%
48	DYHTarget Corporation	32,561	$4.2M	0.50%
49	R6C2Royal Dutch Shell B	68,776	$4.1M	0.49%
50	PAYXPaychex, Inc.	47,536	$4.0M	0.48%
51	HASHasbro Inc.	37,624	$4.0M	0.47%
52	LEGLeggett & Platt Inc.	76,409	$3.9M	0.46%
53	SWVXXSchwab Value Advantage Money F	3,871,121	$3.9M	0.46%
54	TTENTotal SA ADR	69,292	$3.8M	0.45%
55	WECWEC Energy Group	40,160	$3.7M	0.44%
56	AQLTiShares Select Dividend	34,004	$3.6M	0.43%
57	PRFZInvesco FTSE RAFI 1500 Small-M	22,965	$3.1M	0.37%
58	SCHMSchwab US Mid Cap	50,287	$3.0M	0.36%
59	SYYSysco Corporation	33,056	$2.8M	0.34%
60	FQIDigital Realty Trust Inc	23,000	$2.8M	0.33%
61	SCHGSchwab US Large Cap Growth ETF	28,824	$2.7M	0.32%
62	ONEQFidelity Nasdaq Composite Inde	6,663	$2.3M	0.28%
63	IJHiShares Core S&P Mid-Cap	11,289	$2.3M	0.28%
64	DFEOXDFA US Core Equity	89,371	$2.3M	0.27%
65	BLKCHFBlackrock Inc.	4,123	$2.1M	0.25%
66	IUSGiShares Core Russell U.S. Grow	29,768	$2.0M	0.24%
67	DGROiShares Core Dividend Growth	47,502	$2.0M	0.24%
68	—UBS Select Prime Investor Fund	1,950,877	$2.0M	0.23%
69	GPCGenuine Parts Company	18,123	$1.9M	0.23%
70	RSPTInvesco S&P 500 Equal Weight T	9,601	$1.9M	0.23%
71	IBMIBM Corp	14,162	$1.9M	0.23%
72	DWDMorgan Stanley	36,345	$1.9M	0.22%
73	NDQInvesco QQQ Trust ETF	8,674	$1.8M	0.22%
74	BWXSPDR Blmbrg Bcly Inv Gr Floati	58,533	$1.8M	0.21%
75	FBNDXFidelity Investment Grade	214,060	$1.8M	0.21%
76	VFIDXVanguard Intermediate-Term Inv	174,198	$1.8M	0.21%
77	ADBEAdobe Inc.	5,284	$1.7M	0.21%
78	JNJJohnson & Johnson	11,542	$1.7M	0.20%
79	—Invesco MSCI Global Timber	57,000	$1.6M	0.20%
80	MDTMedtronic PLC	13,850	$1.6M	0.19%
81	EVRGEvergy Inc.	23,620	$1.5M	0.18%
82	EWHiShares MSCI Hong Kong	63,000	$1.5M	0.18%
83	FXAIXFidelity 500 Index	13,498	$1.5M	0.18%
84	AEPAmerican Electric Power	15,055	$1.4M	0.17%
85	FLPSXFidelity Low Price Stock AD	26,455	$1.3M	0.16%
86	VASVXVanguard Selected Value Fund	48,646	$1.3M	0.16%
87	WFCWells Fargo & Co	24,440	$1.3M	0.16%
88	VWNFXVanguard Windsor II Fund	33,801	$1.2M	0.15%
89	FCNTXFidelity Contrafund	88,805	$1.2M	0.14%
90	FSSFederal Signal Corp.	36,513	$1.2M	0.14%
91	EWCiShares MSCI Canada	39,000	$1.2M	0.14%
92	OAKMXOakmark Fund	14,556	$1.2M	0.14%
93	DFIEXDFA International Core Equity	82,681	$1.1M	0.14%
94	SBUXStarbucks Corporation	12,689	$1.1M	0.13%
95	—UBS Select Money Fund Inst	1,102,301	$1.1M	0.13%
96	AFLAFLAC Inc.	20,779	$1.1M	0.13%
97	PGProcter & Gamble Co.	8,556	$1.1M	0.13%
98	XOMExxon Mobil Corporation	15,151	$1.1M	0.13%
99	—Wisdomtree Emerging Markets Sm	21,595	$1.0M	0.12%
100	EWSiShares MSCI Singapore	42,270	$1.0M	0.12%

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