Davidson Trust

Davidson Trust as of Dec. 31, 2011

Portfolio Holdings for Davidson Trust

Davidson Trust holds 192 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Dodge & Cox Fds Intl Stk Fd mutual funds 4.8 $27M 932k 29.24
Nuveen Invt Tr Ii Tradwds Intl mutual funds (NGRRX) 4.0 $22M 1.0M 21.59
International Business Machines (IBM) 3.2 $18M 98k 183.88
Exxon Mobil Corporation (XOM) 2.9 $16M 193k 84.76
Apple (AAPL) 2.6 $15M 36k 405.00
Touchstone Small Cap Core Fund (TSFYX) 2.5 $14M 1.0M 13.86
Harding Loevner Inst. Emerging (HLMEX) 2.2 $13M 896k 14.19
Abbott Laboratories (ABT) 2.2 $12M 218k 56.23
Bed Bath & Beyond 2.1 $12M 210k 57.97
United Parcel Service (UPS) 2.0 $12M 158k 73.19
Novartis (NVS) 2.0 $11M 196k 57.17
Pepsi (PEP) 1.9 $11M 164k 66.35
Google 1.9 $11M 17k 645.88
EOG Resources (EOG) 1.9 $11M 107k 98.51
Johnson & Johnson (JNJ) 1.8 $10M 159k 65.58
Amgen (AMGN) 1.8 $10M 160k 64.21
Intuit (INTU) 1.8 $10M 190k 52.59
3M Company (MMM) 1.8 $10M 122k 81.73
United Technologies Corporation 1.7 $9.9M 135k 73.09
CVS Caremark Corporation (CVS) 1.7 $9.7M 238k 40.78
Cisco Systems (CSCO) 1.7 $9.6M 530k 18.08
Schlumberger (SLB) 1.7 $9.6M 141k 68.31
EMC Corporation 1.6 $9.1M 425k 21.54
Stryker Corporation (SYK) 1.5 $8.7M 175k 49.71
Unilever (UL) 1.5 $8.6M 258k 33.52
Nike (NKE) 1.5 $8.5M 89k 96.37
JPMorgan Chase & Co. (JPM) 1.4 $8.0M 242k 33.25
Paychex (PAYX) 1.4 $7.9M 261k 30.11
SYSCO Corporation (SYY) 1.4 $7.9M 268k 29.33
Big Lots (BIG) 1.4 $7.8M 206k 37.76
Wells Fargo & Company (WFC) 1.3 $7.5M 274k 27.56
International Flavors & Fragrances (IFF) 1.3 $7.4M 141k 52.42
Corning Incorporated (GLW) 1.2 $7.1M 547k 12.98
PetroChina Company 1.2 $7.0M 56k 124.31
State Street Corporation (STT) 1.2 $6.9M 171k 40.31
Monsanto Company 1.2 $6.8M 97k 70.07
Kohl's Corporation (KSS) 1.2 $6.7M 136k 49.35
Chevron Corporation (CVX) 1.1 $6.5M 61k 106.40
Matthews Asian Growth & Income (MICSX) 1.1 $6.6M 436k 15.06
Pfizer (PFE) 1.1 $6.4M 294k 21.64
Sanderson Farms 1.1 $6.1M 122k 50.13
Mindray Medical International 1.1 $6.0M 234k 25.64
Prudential Financial (PRU) 1.1 $5.9M 119k 50.12
Haemonetics Corporation (HAE) 0.9 $5.2M 85k 61.22
Visa (V) 0.9 $5.0M 49k 101.52
T. Rowe Price (TROW) 0.8 $4.8M 85k 56.95
AFLAC Incorporated (AFL) 0.8 $4.8M 112k 43.26
iShares S&P 500 Index (IVV) 0.8 $4.6M 36k 125.95
Home Depot (HD) 0.7 $4.2M 100k 42.03
Cambiar Small Cap (CAMSX) 0.7 $4.1M 246k 16.74
W.l. Gore & Associates 0.7 $4.1M 15.00 273000.00
Southwestern Energy Company (SWN) 0.7 $3.9M 122k 31.94
Procter & Gamble Company (PG) 0.7 $3.8M 57k 66.70
Vanguard Equity Income Admiral (VEIRX) 0.6 $3.2M 70k 45.98
General Electric Company 0.6 $3.2M 176k 17.91
Microsoft Corporation (MSFT) 0.5 $3.1M 118k 25.96
Expeditors International of Washington (EXPD) 0.5 $3.0M 74k 40.96
Fidelity Contra (FCNTX) 0.5 $3.0M 45k 67.28
ConocoPhillips (COP) 0.5 $2.6M 36k 72.88
Tiffany & Co. 0.4 $2.5M 38k 66.27
Vanguard Primecap Core (VPCCX) 0.4 $2.5M 187k 13.49
Intel Corporation (INTC) 0.4 $2.4M 100k 24.26
Royce Total Return (RYTRX) 0.4 $2.3M 180k 12.68
Johnston Intl Equity 0.3 $2.0M 1.4M 1.37
Automatic Data Processing (ADP) 0.3 $1.9M 35k 54.01
Verizon Communications (VZ) 0.3 $1.7M 42k 40.11
Merck & Co (MRK) 0.3 $1.7M 45k 37.70
iShares Russell 1000 Value Index (IWD) 0.3 $1.6M 26k 63.31
Oracle Corporation (ORCL) 0.3 $1.6M 62k 25.64
iShares Russell 1000 Growth Index (IWF) 0.3 $1.6M 28k 57.77
McDonald's Corporation (MCD) 0.3 $1.5M 15k 100.29
Kimberly-Clark Corporation (KMB) 0.3 $1.5M 21k 73.56
Wal-Mart Stores (WMT) 0.2 $1.4M 24k 59.74
Illinois Tool Works (ITW) 0.2 $1.4M 30k 46.73
Staples 0.2 $1.3M 95k 13.89
Tfs Market Neutral Fund 0.2 $1.3M 89k 14.51
Eli Lilly & Co. (LLY) 0.2 $1.1M 27k 41.55
Colgate-Palmolive Company (CL) 0.2 $1.1M 12k 92.39
Eaton Vance Tax-man Emerging M (EITEX) 0.2 $1.1M 26k 41.28
iShares MSCI Emerging Markets Indx (EEM) 0.2 $1.0M 27k 37.94
Coca-Cola Company (KO) 0.2 $902k 13k 69.97
At&t (T) 0.2 $917k 30k 30.23
Air Products & Chemicals (APD) 0.2 $889k 10k 85.17
iShares Russell Midcap Index Fund (IWR) 0.1 $829k 8.4k 98.44
Royal Dutch Shell 0.1 $810k 11k 73.05
Starbucks Corporation (SBUX) 0.1 $783k 17k 46.02
Rbc Cad (RY) 0.1 $795k 16k 50.97
Duke Energy Corporation 0.1 $745k 34k 22.01
Forward Intl Small Companies F 0.1 $741k 64k 11.58
Royce Micro-cap Fund (RYOTX) 0.1 $738k 51k 14.54
Vanguard Wellington (VWENX) 0.1 $698k 13k 54.14
Sonoco Products Company (SON) 0.1 $560k 17k 32.97
L-3 Communications Holdings 0.1 $589k 8.8k 66.71
Noble Corporation Com Stk 0.1 $556k 18k 30.22
M&T Bank Corporation (MTB) 0.1 $495k 6.5k 76.32
iShares Russell 2000 Index (IWM) 0.1 $538k 7.3k 73.75
iShares Russell 2000 Value Index (IWN) 0.1 $511k 7.8k 65.66
iShares Russell 2000 Growth Index (IWO) 0.1 $512k 6.1k 84.17
Bank of America Corporation (BAC) 0.1 $463k 83k 5.55
Emerson Electric (EMR) 0.1 $449k 9.6k 46.60
eBay (EBAY) 0.1 $458k 15k 30.36
Aqua America 0.1 $468k 21k 22.06
Silver Wheaton Corp 0.1 $463k 16k 28.94
Opko Health (OPK) 0.1 $441k 90k 4.90
Lkcm Small Cap. Equity (LKSCX) 0.1 $448k 20k 22.47
Ecolab (ECL) 0.1 $406k 7.0k 57.85
Bristol Myers Squibb (BMY) 0.1 $372k 11k 35.32
Altria (MO) 0.1 $421k 14k 29.63
Qualcomm (QCOM) 0.1 $374k 6.8k 54.76
Exelon Corporation (EXC) 0.1 $410k 9.5k 43.32
Goldcorp 0.1 $375k 8.5k 44.26
Chubb Corporation 0.1 $322k 4.7k 69.26
Cme (CME) 0.1 $368k 1.5k 243.62
Caterpillar (CAT) 0.1 $369k 4.1k 90.71
V.F. Corporation (VFC) 0.1 $321k 2.5k 127.27
CenturyLink 0.1 $341k 9.1k 37.25
GlaxoSmithKline 0.1 $333k 7.3k 45.70
Target Corporation (TGT) 0.1 $358k 7.0k 51.27
Gilead Sciences (GILD) 0.1 $314k 7.7k 40.87
Estee Lauder Companies (EL) 0.1 $323k 2.9k 112.31
Mead Johnson Nutrition 0.1 $328k 4.8k 68.84
Lazard Emerging Mkts Equity Po (LZEMX) 0.1 $330k 20k 16.82
Vanguard Value Index Fd Inv Sh (VIVAX) 0.1 $318k 16k 20.49
BP (BP) 0.1 $303k 7.1k 42.71
Union Pacific Corporation (UNP) 0.1 $280k 2.6k 105.93
Boeing Company (BA) 0.1 $294k 4.0k 73.35
Medtronic 0.1 $267k 7.0k 38.26
Danaher Corporation (DHR) 0.1 $275k 5.8k 47.01
TJX Companies (TJX) 0.1 $301k 4.7k 64.47
Clorox Company (CLX) 0.1 $302k 4.5k 66.54
Fox Chase Ban 0.1 $309k 25k 12.63
T Rowe Price High Yield (PRHYX) 0.1 $257k 40k 6.51
Cleveland Capital 0.1 $281k 225k 1.25
Charles Schwab Corporation (SCHW) 0.0 $200k 18k 11.25
Teva Pharmaceutical Industries (TEVA) 0.0 $209k 5.2k 40.24
Walt Disney Company (DIS) 0.0 $199k 5.3k 37.43
E.I. du Pont de Nemours & Company 0.0 $230k 5.0k 45.84
Sprint Nextel Corporation 0.0 $234k 100k 2.34
Anadarko Petroleum Corporation 0.0 $209k 2.7k 76.34
CIGNA Corporation 0.0 $251k 6.0k 42.01
Hewlett-Packard Company 0.0 $203k 7.8k 25.87
Nextera Energy (NEE) 0.0 $220k 3.6k 60.89
Texas Instruments Incorporated (TXN) 0.0 $209k 7.2k 29.09
Accenture (ACN) 0.0 $234k 4.4k 53.00
Bank of the Ozarks 0.0 $214k 7.2k 29.58
H.J. Heinz Company 0.0 $248k 4.6k 54.02
Kinder Morgan Energy Partners 0.0 $246k 2.9k 84.83
Bio-Reference Laboratories 0.0 $207k 13k 16.26
Vanguard International Value (VTRIX) 0.0 $202k 7.1k 28.55
Artio Global Invt Fds mutual (JIEIX) 0.0 $226k 10k 22.62
Berkshire Hathaway (BRK.B) 0.0 $188k 2.5k 76.06
ITT Educational Services (ESINQ) 0.0 $167k 2.9k 56.80
Ares Capital Corporation (ARCC) 0.0 $169k 11k 15.44
Kirkland's (KIRK) 0.0 $162k 12k 13.28
Neustar 0.0 $176k 5.2k 34.14
GeoMet 0.0 $161k 173k 0.93
Approach Resources 0.0 $198k 6.7k 29.46
Yamana Gold 0.0 $147k 10k 14.70
UFP Technologies (UFPT) 0.0 $143k 9.7k 14.77
Sei Intl Tr Emer Mkts Debt (SITEX) 0.0 $148k 14k 10.85
Mfc Industrial 0.0 $153k 22k 7.01
First Financial Ban (FFBC) 0.0 $133k 8.0k 16.61
Lender Processing Services 0.0 $135k 8.9k 15.09
Dominion Resources (D) 0.0 $114k 2.1k 52.93
General Mills (GIS) 0.0 $96k 2.4k 40.50
Griffon Corporation (GFF) 0.0 $119k 13k 9.15
Almost Family 0.0 $136k 8.2k 16.53
Columbus McKinnon (CMCO) 0.0 $127k 10k 12.70
Dime Community Bancshares 0.0 $139k 11k 12.61
Modine Manufacturing (MOD) 0.0 $95k 10k 9.50
R.G. Barry 0.0 $97k 8.0k 12.09
Miller Industries (MLR) 0.0 $128k 8.2k 15.70
Thompson Creek Metals 0.0 $134k 19k 6.98
Entropic Communications 0.0 $102k 20k 5.09
Ameris Ban (ABCB) 0.0 $100k 9.7k 10.30
Digital Generation 0.0 $100k 8.4k 11.88
PNC Financial Services (PNC) 0.0 $64k 1.1k 57.45
Allergan 0.0 $38k 428.00 88.79
Dryships/drys 0.0 $50k 25k 2.00
PPL Corporation (PPL) 0.0 $65k 2.2k 29.55
InterNAP Network Services 0.0 $83k 14k 5.93
Media General 0.0 $73k 18k 4.06
MEMC Electronic Materials 0.0 $44k 11k 3.92
Morgans Hotel 0.0 $59k 10k 5.90
Pervasive Software 0.0 $54k 9.4k 5.78
Power-One 0.0 $73k 19k 3.92
TigerLogic 0.0 $82k 40k 2.05
Bank of New York Mellon Corporation (BK) 0.0 $24k 1.2k 20.00
Dow Chemical Company 0.0 $22k 803.00 27.40
Bank Of America Corp w exp 10/201 0.0 $6.0k 20k 0.30
Lehr Inc Warrant @2.06 12/30/0 0.0 $0 12k 0.00
Sanofi Aventis Wi Conval Rt 0.0 $22k 18k 1.22