DAVIDSON INVESTMENT ADVISORS Information

8 THIRD STREET NORTH, GREAT FALLS, Montana, 59401, (406) 791-7314

Report Date: 12/31/2014

Position Statistics

Total Positions 180
New Positions 2
Increased Positions 57
Decreased Positions 71
Positions with Activity 128
Sold Out Positions 9
Total Mkt Value (in $ millions) 680

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

Sector Weighting

Basic Materials 3.74%
Capital Goods 7.69%
Conglomerates
Consumer Cyclical 2.38%
Consumer/Non-Cyclical 5.04%
Energy 7.44%
Financial 20.11%
Healthcare 11.41%
Services 16.81%
Technology 21.76%
Transportation 2.27%
Utilities 0.66%

180 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
APPLE INC COM 28,068 -37 (0.13) 218,493
GENERAL ELECTRIC CO COM 20,430 1,757 9.41 786,065
STATE STR CORP COM 18,083 -98 (0.54) 242,893
PEPSICO INC COM 15,635 -94 (0.6) 157,966
JOHNSON & JOHNSON COM 15,348 -217 (1.39) 149,722
JPMORGAN CHASE & CO COM 14,868 2,625 21.44 242,627
GOOGLE INC CL C 14,447 4,234 41.45 25,872
ISHARES MBS ETF 14,126 -199 (1.39) 128,379
WELLS FARGO & CO NEW COM 13,385 -3,437 (20.43) 244,304
STARWOOD PPTY TR INC COM 13,194 16 .12 540,731
MORGAN STANLEY COM NEW 12,565 -5,753 (31.41) 351,089
PFIZER INC COM 12,248 -24 (0.19) 356,891
CHEVRON CORP NEW COM 12,080 53 .44 113,237
D R HORTON INC COM 11,364 17 .15 416,094
UNITED PARCEL SERVICE INC CL B 10,989 -126 (1.14) 108,020
CARNIVAL CORP PAIRED CTF 10,834 -111 (1.01) 246,291
TIME WARNER CABLE INC COM 10,406 3,297 46.37 67,547
GOOGLE INC CL A 10,314 26 .25 18,331
FIRST REP BK SAN FRANCISCO CAL COM 9,852 111 1.14 172,836
CAMDEN PPTY TR SH BEN INT 9,274 -131 (1.4) 127,412