NAPLES GLOBAL ADVISORS, LLC Q3 2018 Filing

Filed November 13, 2018

Portfolio Value

$355.0B

Holdings

294

Report Date

Q3 2018

Filing Type

13F-HR

All Holdings (294 positions)

#	Stock	Shares	Value	% Portfolio
1	VVVanguard Large Cap ETF	73,468	$9.2B	2.58%
2	AAPLApple Inc	41,109	$7.6B	2.14%
3	BABoeing Co	21,660	$7.3B	2.05%
4	MSFTMicrosoft Corp	68,559	$6.8B	1.90%
5	ITOTiShares S&P Total US Stock ETF	102,051	$6.4B	1.80%
6	PGProcter & Gamble	70,636	$5.5B	1.55%
7	INTCIntel Corp	78,269	$3.9B	1.10%
8	IXUSiShares Core MSCI Total Intl E	63,760	$3.8B	1.08%
9	AMGNAmgen Incorporated	20,397	$3.8B	1.06%
10	TSMTaiwan Semiconductor	102,622	$3.8B	1.06%
11	SPYSpdr S&P 500 ETF	13,688	$3.7B	1.05%
12	EFAiShares MSCI EAFE ETF	53,427	$3.6B	1.01%
13	IJHiShares Core S&P Midcap ETF	18,204	$3.5B	1.00%
14	GLWCorning Inc	124,444	$3.4B	0.96%
15	PKGPackaging Corp of America	30,307	$3.4B	0.95%
16	MDYSpdr S&P Midcap 400 ETF	9,470	$3.4B	0.95%
17	ACNAccenture Plc ADR	20,375	$3.3B	0.94%
18	MRKMerck & Co Inc	53,688	$3.3B	0.92%
19	ADIAnalog Devices Inc	33,888	$3.3B	0.92%
20	VTIVanguard Total Stock Market ET	22,555	$3.2B	0.89%
21	ETVEaton Vance Tax-Mgd BW CEF	204,928	$3.2B	0.89%
22	VWOVanguard FTSE EM ETF	74,204	$3.1B	0.88%
23	HDHome Depot Inc	15,692	$3.1B	0.86%
24	PAYXPaychex Inc	44,767	$3.1B	0.86%
25	ABBVAbbvie Inc	32,901	$3.0B	0.86%
26	MMM3M Company	14,500	$2.9B	0.80%
27	BLKCHFBlackrock Inc	5,675	$2.8B	0.80%
28	JNJJohnson & Johnson	23,201	$2.8B	0.79%
29	VCSHVanguard Short Term Corp Bond	35,922	$2.8B	0.79%
30	FQIDigital Realty Trust REIT	24,912	$2.8B	0.78%
31	AVGOBroadcom Inc	11,344	$2.8B	0.78%
32	RIORio Tinto	47,545	$2.6B	0.74%
33	DISDisney Walt Co	24,743	$2.6B	0.73%
34	MCHPMicrochip Technology Inc	28,190	$2.6B	0.72%
35	NRKNuveen NY AMT Free Muni CEF	201,530	$2.5B	0.69%
36	R6C2Royal Dutch Shell	33,589	$2.4B	0.69%
37	TDTTFlexShares 3 yr TIPS ETF	100,283	$2.4B	0.69%
38	MCDMcDonalds Corp	15,506	$2.4B	0.68%
39	MDTMedtronic Inc	28,201	$2.4B	0.68%
40	LMTLockheed Martin Corp	8,095	$2.4B	0.67%
41	CSCOCisco Systems Inc	54,958	$2.4B	0.67%
42	TAT&T Inc	73,393	$2.4B	0.66%
43	SOSouthern Co	49,426	$2.3B	0.64%
44	IFFIntl Flavors & Fragrances Inc	17,969	$2.2B	0.63%
45	USBU.S. Bancorp	42,824	$2.1B	0.60%
46	UNHUnitedHealth Group Inc	8,702	$2.1B	0.60%
47	ULUnilever	38,504	$2.1B	0.60%
48	—Dowdupont Inc	31,996	$2.1B	0.59%
49	UPSUnited Parcel Service	19,705	$2.1B	0.59%
50	DEODiageo Plc	13,343	$1.9B	0.54%
51	HN9Hanesbrands Inc	85,282	$1.9B	0.53%
52	SAPSAP Ag ADR	16,195	$1.9B	0.53%
53	INFYInfosys Ltd ADR	96,260	$1.9B	0.53%
54	AVAAvista Corporation	35,270	$1.9B	0.52%
55	IXOrix Corporation	23,495	$1.9B	0.52%
56	ALBAlbemarle Corp	19,133	$1.8B	0.51%
57	HUNHuntsman Corp	61,675	$1.8B	0.51%
58	PXGBXPraxair Inc	11,345	$1.8B	0.51%
59	NSCNorfolk Southern Corp	11,726	$1.8B	0.50%
60	SPSBSpdr Barclays 1-3 Year Corp Bd	58,015	$1.8B	0.49%
61	—Select Income REIT	76,278	$1.7B	0.48%
62	SCHBSchwab US Broad Mkt ETF	25,955	$1.7B	0.48%
63	VTEBVanguard Tax-Exempt Bond ETF	33,565	$1.7B	0.48%
64	METAFacebook Inc	8,499	$1.7B	0.47%
65	TXNTexas Instruments Inc	14,854	$1.6B	0.46%
66	CSXCSX Corp	25,239	$1.6B	0.45%
67	PEPPepsico Inc	14,783	$1.6B	0.45%
68	CBRLCracker Barrel Old Ctry	10,220	$1.6B	0.45%
69	ORCLOracle Corporation	35,373	$1.6B	0.44%
70	RTN1USDRaytheon Company	8,023	$1.6B	0.44%
71	AMZNAmazon Com Inc	901	$1.5B	0.43%
72	CMCdn Imperial Bk Comm	17,520	$1.5B	0.43%
73	CLXClorox Company	11,196	$1.5B	0.43%
74	NVSNNovartis AG	19,759	$1.5B	0.42%
75	CHLUSDChina Mobile	33,143	$1.5B	0.41%
76	SONSonoco Products Co	27,956	$1.5B	0.41%
77	LDOSLeidos Holdings Inc	24,705	$1.5B	0.41%
78	AQN.TOAlgonquin Pwr Utils Corp	150,530	$1.5B	0.41%
79	AFLAFLAC Inc	33,750	$1.5B	0.41%
80	CCUCompania Cer Unidas ADR	58,180	$1.5B	0.41%
81	VFCVF Corp	17,784	$1.4B	0.41%
82	4I1Philip Morris Intl Inc	17,879	$1.4B	0.41%
83	UTXZUnited Technologies Corp	11,525	$1.4B	0.41%
84	EMREmerson Electric Co	20,758	$1.4B	0.40%
85	BCEBCE Inc ADR	35,400	$1.4B	0.40%
86	JPMJP Morgan Chase & Co	13,657	$1.4B	0.40%
87	MOAltria Group Inc	24,727	$1.4B	0.40%
88	OMCOmnicom Group	17,634	$1.3B	0.38%
89	TRVTravelers Companies Inc	10,968	$1.3B	0.38%
90	OXYOccidental Petroleum Corp	15,839	$1.3B	0.37%
91	BMOBank Of Montreal ADR	17,077	$1.3B	0.37%
92	PFFiShares S&P US Pfd. ETF	34,926	$1.3B	0.37%
93	TAPMolson Coors Brewing Co	19,326	$1.3B	0.37%
94	LLYEli Lilly & Co	15,376	$1.3B	0.37%
95	HPTUSDHospitality Properties REIT	44,777	$1.3B	0.36%
96	SAFTSafety Insurance Group	14,823	$1.3B	0.36%
97	—US Ecology Inc	19,650	$1.3B	0.35%
98	PFEPfizer Inc	33,695	$1.2B	0.34%
99	STTSpdr High Yield Bd ETF	34,413	$1.2B	0.34%
100	LEGLeggett & Platt Inc	26,918	$1.2B	0.34%

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