NORRIS PERNE & FRENCH LLP/MI Information

40 PEARL ST NW, GRAND RAPIDS, Michigan, 49503, (616) 459-3421

Report Date: 12/31/2014

Position Statistics

Total Positions 171
New Positions 4
Increased Positions 66
Decreased Positions 73
Positions with Activity 139
Sold Out Positions 8
Total Mkt Value (in $ millions) 527

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

Sector Weighting

Basic Materials 7.16%
Capital Goods 6.89%
Conglomerates
Consumer Cyclical 2.27%
Consumer/Non-Cyclical 5.64%
Energy 4.61%
Financial 19.91%
Healthcare 17.94%
Services 7.11%
Technology 22.37%
Transportation 2.44%
Utilities 2.28%

171 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
SPDR S&P 500 ETF TR TR UNIT 924 53 6.09 4,634
ISHARES TR S&P MC 400GR ETF 922 -9 (0.98) 5,733
STARBUCKS CORP COM 910 -35 (3.71) 10,395
SPDR DOW JONES INDL AVRG ETF UT SER 1 908 -40 (4.25) 5,294
ISHARES TR 20+ YR TR BD ETF 906 906 New 6,550
3M CO COM 776 New 4,784
GENTEX CORP COM 743 12 1.66 44,528
ISHARES TR RUS MDCP VAL ETF 737 New 10,140
INTERNATIONAL BUSINESS MACHS COM 720 -15 (2.09) 4,694
US BANCORP DEL COM NEW 626 63 11.17 14,926
ISHARES TR S&P 500 GRWT ETF 624 -73 (10.46) 5,690
ISHARES TR MSCI EAFE ETF 624 -43 (6.43) 10,194
FORD MTR CO DEL COM PAR $0.01 623 204 48.72 42,367
C H ROBINSON WORLDWIDE INC COM NEW 612 57 10.26 8,595
COLGATE PALMOLIVE CO COM 578 122 26.62 8,562
MEDTRONIC PLC SHS 555 -31 (5.32) 7,777
AMGEN INC COM 533 New 3,500
ISHARES TR CORE S&P TTL STK 519 36 7.46 5,690
GENERAL PHYSICS CORP COM 515 24 4.81 111,382
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 489 38 8.38 12,810