AVALON ADVISORS, LLC Information

2929 ALLEN PARKWAY, HOUSTON, Texas, 77019-7100, (713) 238-2050

Report Date: 09/30/2014

Position Statistics

Total Positions 199
New Positions 16
Increased Positions 121
Decreased Positions 71
Positions with Activity 192
Sold Out Positions 8
Total Mkt Value (in $ millions) 2,037

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 3.53%
Capital Goods 1.43%
Conglomerates
Consumer Cyclical 3.74%
Consumer/Non-Cyclical 13.8%
Energy 10.05%
Financial 13.23%
Healthcare 14.5%
Services 13.16%
Technology 13.53%
Transportation 4.54%
Utilities 8.41%

199 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ALTRIA GROUP INC COM 59,564 -2,051 (3.33) 1,091,717
APPLE INC COM 53,415 1,178 2.26 489,416
REYNOLDS AMERICAN INC COM 51,339 -572 (1.1) 739,009
MICROSOFT CORP COM 42,144 330 .79 987,913
VERIZON COMMUNICATIONS INC COM 40,459 3,734 10.17 872,898
PFIZER INC COM 39,050 -4 (0.01) 1,197,845
WELLS FARGO & CO NEW COM 37,696 279 .75 711,651
INTEL CORP COM 36,465 124 .34 1,066,689
MERCK & CO INC NEW COM 34,947 175 .50 558,619
GENERAL ELECTRIC CO COM 34,095 -292 (0.85) 1,398,481
LILLY ELI & CO COM 33,874 65 .19 472,238
AT&T INC COM 33,527 3,462 11.52 1,021,867
PHILIP MORRIS INTL INC COM 31,947 -172 (0.54) 391,509
DUKE ENERGY CORP NEW COM NEW 29,166 -362 (1.23) 328,739
JOHNSON & JOHNSON COM 29,059 406 1.42 284,637
CHEVRON CORP NEW COM 28,528 -60 (0.21) 263,511
ENTERPRISE PRODS PARTNERS L P COM 27,255 -7,117 (20.71) 781,837
EXXON MOBIL CORP COM 26,895 297 1.12 295,716
CISCO SYS INC COM 26,606 221 .84 989,072
JPMORGAN CHASE & CO COM 26,085 92 .35 464,149