Palladium Partners,LLC dba Palladium Registered Investment Advisors

Palladium Partners as of Dec. 31, 2013

Portfolio Holdings for Palladium Partners

Palladium Partners holds 248 positions in its portfolio as reported in the December 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Exxon Mobil Corporation (XOM) 3.5 $37M 369k 101.20
Vanguard Europe Pacific ETF (VEA) 3.3 $35M 831k 41.68
General Electric Company 2.4 $26M 908k 28.03
Chevron Corporation (CVX) 2.2 $23M 183k 124.91
Johnson & Johnson (JNJ) 2.2 $23M 248k 91.59
JPMorgan Chase & Co. (JPM) 2.1 $22M 378k 58.48
International Business Machines (IBM) 2.1 $22M 118k 187.57
Apple (AAPL) 2.0 $21M 37k 561.02
Microsoft Corporation (MSFT) 2.0 $21M 552k 37.41
iShares S&P 500 Index (IVV) 1.7 $18M 97k 185.65
Home Depot (HD) 1.6 $17M 210k 82.34
Wal-Mart Stores (WMT) 1.6 $17M 215k 78.69
WisdomTree SmallCap Dividend Fund (DES) 1.5 $16M 236k 67.79
Wells Fargo & Company (WFC) 1.5 $15M 339k 45.40
Pfizer (PFE) 1.4 $15M 496k 30.63
Norfolk Southern (NSC) 1.4 $15M 159k 92.83
Altria (MO) 1.4 $15M 383k 38.39
BP (BP) 1.4 $15M 299k 48.61
Vanguard Emerging Markets ETF (VWO) 1.4 $14M 348k 41.14
Amgen (AMGN) 1.3 $14M 124k 114.08
iShares MSCI EAFE Index Fund (EFA) 1.3 $14M 204k 67.10
Berkshire Hathaway (BRK.B) 1.2 $13M 110k 118.56
Discover Financial Services 1.2 $13M 228k 55.95
Eli Lilly & Co. (LLY) 1.2 $13M 247k 51.00
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 1.1 $12M 113k 105.46
General Motors Company (GM) 1.0 $11M 264k 40.87
Powershares Senior Loan Portfo mf 1.0 $11M 431k 24.88
Intel Corporation (INTC) 1.0 $11M 409k 25.96
iShares S&P MidCap 400 Value Index (IJJ) 1.0 $11M 91k 116.23
CIGNA Corporation 1.0 $10M 119k 87.48
Coca-Cola Company (KO) 1.0 $10M 251k 41.31
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 1.0 $10M 95k 107.88
Procter & Gamble Company (PG) 0.9 $9.7M 119k 81.41
Eastman Chemical Company (EMN) 0.9 $9.5M 117k 80.70
Cisco Systems (CSCO) 0.8 $9.0M 401k 22.43
WisdomTree Emerging Mkts Small Cp Div (DGS) 0.8 $9.0M 194k 46.09
Archer Daniels Midland Company (ADM) 0.8 $8.9M 205k 43.40
Yahoo! 0.8 $8.5M 211k 40.44
Alliant Energy Corporation (LNT) 0.8 $8.5M 166k 51.60
iShares MSCI Emerging Markets Indx (EEM) 0.8 $8.4M 200k 41.79
Aetna 0.8 $8.2M 119k 68.59
Directv 0.8 $8.0M 116k 69.06
Xerox Corporation 0.7 $7.8M 644k 12.17
L-3 Communications Holdings 0.7 $7.7M 73k 106.86
Ensco Plc Shs Class A 0.7 $7.6M 134k 57.18
Kroger (KR) 0.7 $7.4M 187k 39.53
Eaton (ETN) 0.7 $7.3M 97k 76.12
At&t (T) 0.7 $7.1M 202k 35.16
Canadian Natl Ry (CNI) 0.7 $6.8M 120k 57.02
Avnet (AVT) 0.7 $6.8M 154k 44.11
Pepsi (PEP) 0.6 $6.7M 81k 82.94
Verizon Communications (VZ) 0.6 $6.5M 132k 49.14
Deere & Company (DE) 0.6 $6.5M 71k 91.33
Walt Disney Company (DIS) 0.6 $6.3M 82k 76.40
Portfolio Recovery Associates 0.6 $6.3M 120k 52.84
Travelers Companies (TRV) 0.6 $6.2M 68k 90.54
iShares Lehman Aggregate Bond (AGG) 0.6 $6.1M 58k 106.43
United Technologies Corporation 0.6 $5.9M 52k 113.81
iShares S&P 500 Value Index (IVE) 0.6 $5.9M 70k 85.46
MetLife (MET) 0.5 $5.7M 105k 53.92
Dominion Resources (D) 0.5 $5.6M 87k 64.69
Walgreen Company 0.5 $5.5M 97k 57.44
SPDR S&P Emerging Markets Small Cap (EWX) 0.5 $5.5M 119k 46.41
Automatic Data Processing (ADP) 0.5 $5.3M 66k 80.81
Merck & Co (MRK) 0.5 $5.3M 106k 50.05
Marathon Petroleum Corp (MPC) 0.5 $5.2M 57k 91.73
Bristol Myers Squibb (BMY) 0.5 $5.2M 97k 53.15
Oracle Corporation (ORCL) 0.5 $5.0M 131k 38.26
Vanguard Dividend Appreciation ETF (VIG) 0.5 $5.0M 66k 75.23
Marathon Oil Corporation (MRO) 0.5 $4.7M 134k 35.30
Industries N shs - a - (LYB) 0.5 $4.7M 59k 80.27
WellPoint 0.4 $4.6M 50k 92.39
Bank of America Corporation (BAC) 0.4 $4.5M 288k 15.57
Caterpillar (CAT) 0.4 $4.5M 50k 90.82
Ace Limited Cmn 0.4 $4.4M 43k 103.54
AFLAC Incorporated (AFL) 0.4 $4.4M 66k 66.80
Qualcomm (QCOM) 0.4 $4.4M 60k 74.24
Cummins (CMI) 0.4 $4.3M 31k 140.98
BB&T Corporation 0.4 $4.3M 116k 37.32
BT 0.4 $4.2M 66k 63.14
Udr (UDR) 0.4 $4.2M 181k 23.35
McDonald's Corporation (MCD) 0.4 $3.9M 41k 97.03
Plum Creek Timber 0.4 $3.8M 83k 46.51
ConocoPhillips (COP) 0.4 $3.8M 54k 70.64
Kinder Morgan Energy Partners 0.3 $3.7M 46k 80.65
Emerson Electric (EMR) 0.3 $3.5M 50k 70.18
Fox News 0.3 $3.6M 104k 34.60
CSX Corporation (CSX) 0.3 $3.3M 116k 28.77
Mondelez Int (MDLZ) 0.3 $3.3M 93k 35.31
Genuine Parts Company (GPC) 0.3 $3.2M 38k 83.20
iShares S&P 500 Growth Index (IVW) 0.3 $3.1M 31k 98.75
Liberty Media 0.3 $3.0M 21k 146.28
Comcast Corporation (CMCSA) 0.3 $3.0M 57k 51.96
Corning Incorporated (GLW) 0.3 $3.0M 166k 17.82
E.I. du Pont de Nemours & Company 0.3 $3.0M 46k 64.97
Abbvie (ABBV) 0.3 $2.9M 55k 52.81
Twenty-first Century Fox 0.3 $3.0M 85k 35.17
Alerian Mlp Etf 0.3 $2.8M 157k 17.79
Schlumberger (SLB) 0.2 $2.6M 29k 90.12
iShares iBoxx $ High Yid Corp Bond (HYG) 0.2 $2.7M 29k 92.89
PNC Financial Services (PNC) 0.2 $2.6M 33k 77.59
Philip Morris International (PM) 0.2 $2.6M 30k 87.12
General Dynamics Corporation (GD) 0.2 $2.5M 26k 95.54
Union Pacific Corporation (UNP) 0.2 $2.4M 14k 168.04
PPL Corporation (PPL) 0.2 $2.4M 80k 30.09
iShares Dow Jones Select Dividend (DVY) 0.2 $2.5M 34k 71.36
Google 0.2 $2.3M 2.0k 1120.87
Abbott Laboratories (ABT) 0.2 $2.3M 59k 38.32
Whirlpool Corporation (WHR) 0.2 $2.2M 14k 156.85
CF Industries Holdings (CF) 0.2 $2.2M 9.4k 233.08
iShares S&P SmallCap 600 Value Idx (IJS) 0.2 $2.2M 20k 111.25
Consolidated Edison (ED) 0.2 $2.1M 38k 55.27
PPG Industries (PPG) 0.2 $2.1M 11k 189.70
Seagate Technology Com Stk 0.2 $2.1M 38k 56.16
Phillips 66 (PSX) 0.2 $2.1M 27k 77.13
V.F. Corporation (VFC) 0.2 $2.0M 31k 62.34
Liberty Media 0.2 $2.0M 68k 29.34
Markel Corporation (MKL) 0.2 $2.0M 3.5k 580.41
Dollar Tree (DLTR) 0.2 $2.0M 35k 56.42
Linn Energy 0.2 $2.0M 64k 30.79
iShares Barclays TIPS Bond Fund (TIP) 0.2 $2.0M 19k 109.87
Heritage Bankshares (HBKS) 0.2 $2.0M 158k 12.95
Duke Energy (DUK) 0.2 $2.0M 29k 69.02
Royal Dutch Shell 0.2 $1.9M 27k 71.29
iShares Gold Trust 0.2 $1.9M 161k 11.68
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.2 $1.9M 18k 103.75
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.2 $1.9M 23k 84.38
Discovery Communications 0.2 $1.8M 20k 90.44
Kraft Foods 0.2 $1.8M 33k 53.90
Sigma-Aldrich Corporation 0.2 $1.7M 18k 94.03
Discovery Communications 0.2 $1.7M 20k 83.84
iShares S&P MidCap 400 Index (IJH) 0.2 $1.7M 13k 133.84
State Street Corporation (STT) 0.1 $1.6M 22k 73.39
Suntrust Banks Inc $1.00 Par Cmn 0.1 $1.6M 43k 36.82
3M Company (MMM) 0.1 $1.6M 11k 140.27
Total 0.1 $1.6M 26k 61.27
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.1 $1.6M 21k 73.60
iShares Cohen & Steers Realty Maj. (ICF) 0.1 $1.6M 21k 74.72
Kimberly-Clark Corporation (KMB) 0.1 $1.5M 14k 104.45
Charles & Colvard 0.1 $1.5M 302k 5.05
Colgate-Palmolive Company (CL) 0.1 $1.4M 21k 65.20
Xcel Energy (XEL) 0.1 $1.4M 49k 27.94
Express Scripts Holding 0.1 $1.3M 19k 70.25
Goldman Sachs (GS) 0.1 $1.3M 7.2k 177.27
Western Digital (WDC) 0.1 $1.3M 16k 83.91
Becton, Dickinson and (BDX) 0.1 $1.2M 11k 110.45
Berkshire Hathaway (BRK.A) 0.1 $1.2M 7.00 178000.00
Honeywell International (HON) 0.1 $1.2M 14k 91.34
Alaska Air (ALK) 0.1 $1.3M 18k 73.35
Energy Transfer Partners 0.1 $1.3M 23k 57.26
Ecolab (ECL) 0.1 $1.1M 11k 104.31
Valero Energy Corporation (VLO) 0.1 $1.1M 23k 50.38
Lockheed Martin Corporation (LMT) 0.1 $1.2M 8.0k 148.63
W.R. Grace & Co. 0.1 $1.2M 12k 98.83
Liberty Global Inc C 0.1 $1.1M 14k 84.30
Liberty Global Inc Com Ser A 0.1 $1.2M 14k 89.04
U.S. Bancorp (USB) 0.1 $1.0M 26k 40.39
AmerisourceBergen (COR) 0.1 $1.1M 16k 70.33
Vodafone 0.1 $1.1M 28k 39.29
Southern Company (SO) 0.1 $1.1M 27k 41.11
Washington Real Estate Investment Trust (ELME) 0.1 $1.1M 45k 23.37
iShares MSCI EAFE Value Index (EFV) 0.1 $1.0M 18k 57.18
iShares MSCI EAFE Growth Index (EFG) 0.1 $1.1M 15k 71.45
Lincoln National Corporation (LNC) 0.1 $972k 19k 51.60
Dow Chemical Company 0.1 $966k 22k 44.39
Nextera Energy (NEE) 0.1 $966k 11k 85.61
Reinsurance Group of America (RGA) 0.1 $872k 11k 77.37
Northrop Grumman Corporation (NOC) 0.1 $825k 7.2k 114.66
Medtronic 0.1 $884k 15k 57.40
Johnson Controls 0.1 $850k 17k 51.28
Raytheon Company 0.1 $809k 8.9k 90.66
Anadarko Petroleum Corporation 0.1 $862k 11k 79.34
Kellogg Company (K) 0.1 $839k 14k 61.04
Plains All American Pipeline (PAA) 0.1 $809k 16k 51.78
PowerShares Water Resources 0.1 $824k 31k 26.21
Itt 0.1 $815k 19k 43.42
Xylem (XYL) 0.1 $864k 25k 34.60
SPDR Gold Trust (GLD) 0.1 $756k 6.5k 116.11
TowneBank (TOWN) 0.1 $752k 49k 15.39
Rayonier (RYN) 0.1 $711k 17k 42.07
iShares Brclys Intrdte Gov/Crt Bd (GVI) 0.1 $699k 6.4k 109.39
Gilead Sciences (GILD) 0.1 $676k 9.0k 75.11
EMC Corporation 0.1 $604k 24k 25.13
Illinois Tool Works (ITW) 0.1 $639k 7.6k 84.05
Tupperware Brands Corporation 0.1 $627k 6.6k 94.50
Sempra Energy (SRE) 0.1 $638k 7.1k 89.81
PowerShares Preferred Portfolio 0.1 $638k 48k 13.43
Libertyinteractivecorp lbtventcoma 0.1 $641k 5.2k 122.61
Starz - Liberty Capital 0.1 $603k 21k 29.24
Virginia Natl Bankshares (VABK) 0.1 $667k 37k 18.00
Spdr S&p 500 Etf (SPY) 0.1 $566k 3.1k 184.79
DaVita (DVA) 0.1 $550k 8.7k 63.42
GlaxoSmithKline 0.1 $513k 9.6k 53.40
United Bankshares (UBSI) 0.1 $515k 16k 31.43
Teva Pharmaceutical Industries (TEVA) 0.0 $463k 12k 40.12
Apache Corporation 0.0 $376k 4.4k 85.91
International Game Technology 0.0 $451k 25k 18.15
Boeing Company (BA) 0.0 $448k 3.3k 136.50
Thermo Fisher Scientific (TMO) 0.0 $401k 3.6k 111.39
Yum! Brands (YUM) 0.0 $460k 6.1k 75.60
Capital One Financial (COF) 0.0 $416k 5.4k 76.61
Parker-Hannifin Corporation (PH) 0.0 $391k 3.0k 128.70
American Electric Power Company (AEP) 0.0 $456k 9.8k 46.75
Dr Pepper Snapple 0.0 $374k 7.7k 48.67
Steel Dynamics (STLD) 0.0 $381k 20k 19.54
Community Health Systems (CYH) 0.0 $398k 10k 39.31
iShares Russell 1000 Index (IWB) 0.0 $372k 3.6k 103.16
SCANA Corporation 0.0 $468k 10k 46.92
iShares Russell 1000 Growth Index (IWF) 0.0 $456k 5.3k 85.94
Coca-cola Enterprises 0.0 $410k 9.3k 44.13
Exelis 0.0 $444k 23k 19.07
First Citizens BancShares (FCNCA) 0.0 $345k 1.6k 222.58
American Express Company (AXP) 0.0 $304k 3.4k 90.75
Costco Wholesale Corporation (COST) 0.0 $299k 2.5k 119.22
Monsanto Company 0.0 $293k 2.5k 116.69
Kohl's Corporation (KSS) 0.0 $306k 5.4k 56.67
Nucor Corporation (NUE) 0.0 $280k 5.3k 53.40
Brown-Forman Corporation (BF.B) 0.0 $347k 4.6k 75.65
CVS Caremark Corporation (CVS) 0.0 $284k 4.0k 71.62
General Mills (GIS) 0.0 $265k 5.3k 50.00
Nike (NKE) 0.0 $299k 3.8k 78.73
Target Corporation (TGT) 0.0 $345k 5.5k 63.21
Public Service Enterprise (PEG) 0.0 $305k 9.5k 32.08
Entergy Corporation (ETR) 0.0 $358k 5.7k 63.30
Enterprise Products Partners (EPD) 0.0 $318k 4.8k 66.35
Rbc Cad (RY) 0.0 $350k 5.2k 67.29
WSFS Financial Corporation (WSFS) 0.0 $273k 3.5k 77.58
iShares S&P GSCI Commodity-Indexed (GSG) 0.0 $365k 11k 32.16
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.0 $320k 13k 24.32
Huntington Bancshares Incorporated (HBAN) 0.0 $235k 24k 9.63
United Parcel Service (UPS) 0.0 $244k 2.3k 104.95
Brown & Brown (BRO) 0.0 $201k 6.4k 31.41
Spectra Energy 0.0 $218k 6.1k 35.67
SYSCO Corporation (SYY) 0.0 $253k 7.0k 36.06
W.W. Grainger (GWW) 0.0 $252k 985.00 255.84
Harris Corporation 0.0 $254k 3.6k 69.80
International Paper Company (IP) 0.0 $226k 4.6k 48.94
Novartis (NVS) 0.0 $255k 3.2k 80.31
Wisconsin Energy Corporation 0.0 $201k 4.9k 41.43
iShares Russell 1000 Value Index (IWD) 0.0 $218k 2.3k 94.13
Clorox Company (CLX) 0.0 $234k 2.5k 92.67
Fulton Financial (FULT) 0.0 $240k 18k 13.11
iShares S&P Latin America 40 Index (ILF) 0.0 $220k 6.0k 36.93
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.0 $262k 2.2k 120.07
iShares MSCI ACWI ex US Index Fund (ACWX) 0.0 $230k 4.9k 46.63
Vanguard Sht Term Govt Bond ETF (VGSH) 0.0 $249k 4.1k 60.91
Beam 0.0 $233k 3.4k 67.99
Waterside Cap (MVCO) 0.0 $4.9k 61k 0.08