Hester Capital Management

Hester Capital Management as of March 31, 2011

Portfolio Holdings for Hester Capital Management

Hester Capital Management holds 85 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Accenture (ACN) 3.0 $18M 327k 54.97
Coca-Cola Company (KO) 2.9 $18M 268k 66.34
Hanesbrands (HBI) 2.9 $18M 648k 27.04
Exxon Mobil Corporation (XOM) 2.9 $17M 207k 84.13
Covidien 2.7 $17M 318k 51.94
Via 2.7 $17M 354k 46.52
Thermo Fisher Scientific (TMO) 2.6 $16M 284k 55.55
Apache Corporation 2.5 $16M 119k 130.92
Koninklijke Philips Electronics NV (PHG) 2.5 $15M 464k 32.17
WESCO International (WCC) 2.4 $15M 233k 62.50
CVS Caremark Corporation (CVS) 2.4 $15M 423k 34.32
General Dynamics Corporation (GD) 2.4 $14M 187k 76.56
News Corporation 2.4 $14M 812k 17.58
MDU Resources (MDU) 2.3 $14M 606k 22.97
Western Union Company (WU) 2.3 $14M 661k 20.77
Republic Services (RSG) 2.2 $14M 452k 30.04
Baker Hughes Incorporated 2.1 $13M 178k 73.43
Hewlett-Packard Company 2.1 $13M 317k 40.97
Illinois Tool Works (ITW) 2.1 $13M 242k 53.72
Microsoft Corporation (MSFT) 2.1 $13M 510k 25.39
Intel Corporation (INTC) 2.1 $13M 642k 20.18
International Business Machines (IBM) 2.1 $13M 79k 163.07
Kimberly-Clark Corporation (KMB) 2.1 $13M 197k 65.27
Noble Corporation Com Stk 2.1 $13M 281k 45.62
Tyco International Ltd S hs 2.1 $13M 283k 44.77
International Flavors & Fragrances (IFF) 2.0 $12M 200k 62.30
Affiliated Managers (AMG) 2.0 $12M 112k 109.37
Quest Diagnostics Incorporated (DGX) 2.0 $12M 212k 57.72
AECOM Technology Corporation (ACM) 2.0 $12M 435k 27.73
Petroleo Brasileiro SA (PBR) 1.9 $12M 289k 40.43
Broadridge Financial Solutions (BR) 1.9 $12M 515k 22.69
EQT Corporation (EQT) 1.8 $11M 223k 49.90
Vodafone 1.8 $11M 382k 28.75
Amdocs Ltd ord (DOX) 1.7 $10M 357k 28.85
MetLife (MET) 1.6 $10M 224k 44.73
HSBC Holdings (HSBC) 1.6 $9.8M 188k 51.80
Cisco Systems (CSCO) 1.6 $9.8M 569k 17.15
General Electric Company 1.5 $9.4M 466k 20.05
SK Tele 1.5 $9.1M 486k 18.81
Emerson Electric (EMR) 1.5 $8.9M 153k 58.43
Alcoa 1.4 $8.4M 475k 17.66
Nike (NKE) 1.4 $8.3M 110k 75.70
McCormick & Company, Incorporated (MKC) 1.3 $8.1M 169k 47.83
Gentex Corporation (GNTX) 1.2 $7.4M 243k 30.25
McDonald's Corporation (MCD) 1.0 $6.0M 79k 76.09
DENTSPLY International 0.9 $5.7M 155k 36.99
iShares MSCI South Korea Index Fund (EWY) 0.6 $3.6M 56k 64.35
iShares MSCI Hong Kong Index Fund (EWH) 0.5 $3.2M 172k 18.93
PowerShares Gld Drg Haltr USX China 0.5 $3.0M 109k 27.83
iShares MSCI Taiwan Index 0.5 $3.0M 203k 14.86
ConAgra Foods (CAG) 0.5 $2.9M 121k 23.75
iShares MSCI Sweden Index (EWD) 0.4 $2.3M 70k 32.80
iShares MSCI Austria Investable Mkt (EWO) 0.3 $1.7M 74k 23.40
iShares MSCI Singapore Index Fund 0.3 $1.6M 120k 13.67
iShares MSCI Australia Index Fund (EWA) 0.2 $1.5M 55k 26.62
iShares MSCI Germany Index Fund (EWG) 0.2 $1.3M 48k 25.94
IPATH MSCI India Index Etn 0.2 $1.1M 16k 72.71
iShares MSCI Israel Capped Inv Mar ETF (EIS) 0.1 $927k 16k 59.08
iShares MSCI Canada Index (EWC) 0.1 $846k 25k 33.60
iShares MSCI Switzerland Index Fund (EWL) 0.1 $869k 34k 25.30
Market Vector Russia ETF Trust 0.1 $706k 17k 41.65
iShares MSCI Chile Inv. Mt. Idx (ECH) 0.1 $749k 10k 71.85
iShares MSCI France Index (EWQ) 0.1 $716k 27k 26.94
Industrial SPDR (XLI) 0.1 $582k 16k 37.64
Technology SPDR (XLK) 0.1 $585k 23k 26.05
Claymore/AlphaShares China Small Cap ETF 0.1 $578k 20k 29.19
iShares MSCI Brazil Index (EWZ) 0.1 $574k 7.4k 77.57
iShares MSCI Emerging Markets Indx (EEM) 0.1 $501k 10k 48.64
iShares MSCI EAFE Index Fund (EFA) 0.1 $485k 8.1k 60.14
iShares FTSE/Xinhua China 25 Index (FXI) 0.1 $443k 9.9k 44.86
SPDR Gold Trust (GLD) 0.1 $427k 3.1k 140.00
Consumer Discretionary SPDR (XLY) 0.1 $410k 11k 39.05
iShares Dow Jones Select Dividend (DVY) 0.1 $417k 8.0k 52.12
iShares S&P SmallCap 600 Growth (IJT) 0.1 $403k 5.1k 79.02
Noble Energy 0.1 $343k 3.6k 96.57
Energy Select Sector SPDR (XLE) 0.1 $383k 4.8k 79.81
Vanguard Small-Cap ETF (VB) 0.1 $355k 4.5k 78.89
Health Care SPDR (XLV) 0.1 $324k 9.8k 33.09
iShares MSCI Mexico Inv. Mt. Idx. (EWW) 0.1 $290k 4.6k 62.91
Philip Morris International (PM) 0.0 $221k 3.4k 65.64
Southside Bancshares (SBSI) 0.0 $241k 11k 21.40
Kinder Morgan Energy Partners 0.0 $261k 3.5k 74.06
Consumer Staples Select Sect. SPDR (XLP) 0.0 $232k 7.7k 29.97
Spdr S&p 500 Etf (SPY) 0.0 $210k 1.6k 132.49
Osiris Therapeutics 0.0 $75k 10k 7.24