Palladium Partners,LLC dba Palladium Registered Investment Advisors

Palladium Partners as of Dec. 31, 2014

Portfolio Holdings for Palladium Partners

Palladium Partners holds 256 positions in its portfolio as reported in the December 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Europe Pacific ETF (VEA) 3.8 $44M 1.2M 37.88
Apple (AAPL) 2.8 $33M 295k 110.38
Exxon Mobil Corporation (XOM) 2.5 $29M 315k 92.45
JPMorgan Chase & Co. (JPM) 2.1 $24M 390k 62.58
WisdomTree Emerging Mkts Small Cp Div (DGS) 2.0 $23M 527k 43.16
iShares S&P MidCap 400 Value Index (IJJ) 2.0 $23M 176k 127.83
Home Depot (HD) 1.9 $22M 206k 104.97
General Electric Company 1.9 $21M 848k 25.27
iShares S&P 500 Index (IVV) 1.8 $21M 102k 206.87
Chevron Corporation (CVX) 1.8 $21M 187k 112.18
Wells Fargo & Company (WFC) 1.7 $20M 356k 54.82
Amgen (AMGN) 1.7 $20M 122k 159.29
Johnson & Johnson (JNJ) 1.7 $19M 185k 104.57
Altria (MO) 1.6 $19M 375k 49.27
Wal-Mart Stores (WMT) 1.6 $18M 210k 85.88
WisdomTree SmallCap Dividend Fund (DES) 1.6 $18M 255k 70.92
Oracle Corporation (ORCL) 1.5 $18M 389k 44.97
Norfolk Southern (NSC) 1.5 $17M 155k 109.61
Microsoft Corporation (MSFT) 1.4 $17M 358k 46.45
Pfizer (PFE) 1.4 $17M 532k 31.15
Intel Corporation (INTC) 1.3 $15M 415k 36.29
Kroger (KR) 1.2 $14M 222k 64.21
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 1.2 $14M 135k 105.18
Cisco Systems (CSCO) 1.2 $14M 501k 27.81
Discover Financial Services 1.2 $14M 210k 65.49
At&t (T) 1.2 $13M 399k 33.59
Toyota Motor Corporation (TM) 1.0 $12M 94k 125.48
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 1.0 $11M 102k 109.33
Skyworks Solutions (SWKS) 0.9 $11M 146k 72.71
Eli Lilly & Co. (LLY) 0.9 $11M 152k 68.99
Eastman Chemical Company (EMN) 0.9 $11M 138k 75.86
Powershares Senior Loan Portfo mf 0.9 $10M 426k 24.03
Alliant Energy Corporation (LNT) 0.9 $10M 152k 66.42
Comcast Corporation (CMCSA) 0.9 $10M 172k 58.01
Procter & Gamble Company (PG) 0.9 $9.9M 109k 91.09
Coca-Cola Company (KO) 0.8 $9.6M 227k 42.22
CIGNA Corporation 0.8 $9.4M 92k 102.91
Southwest Airlines (LUV) 0.8 $9.3M 219k 42.32
Pra (PRAA) 0.8 $9.1M 157k 57.93
Aetna 0.8 $9.0M 101k 88.83
BP (BP) 0.8 $8.8M 231k 38.12
International Business Machines (IBM) 0.8 $8.8M 55k 160.44
Via 0.7 $8.2M 110k 75.25
Google 0.7 $8.3M 16k 530.65
iShares MSCI EAFE Index Fund (EFA) 0.7 $8.2M 135k 60.84
iShares S&P 500 Value Index (IVE) 0.7 $8.1M 87k 93.77
MetLife (MET) 0.7 $8.1M 150k 54.09
Directv 0.7 $8.0M 93k 86.70
Canadian Natl Ry (CNI) 0.7 $8.0M 116k 68.91
Deere & Company (DE) 0.7 $7.9M 89k 88.47
Walt Disney Company (DIS) 0.7 $7.7M 81k 94.19
Avnet (AVT) 0.6 $7.4M 172k 43.02
Pepsi (PEP) 0.6 $7.1M 75k 94.56
Travelers Companies (TRV) 0.6 $7.1M 67k 105.85
Boeing Company (BA) 0.6 $7.0M 54k 129.98
Berkshire Hathaway (BRK.B) 0.6 $6.8M 45k 150.15
Lincoln National Corporation (LNC) 0.6 $6.6M 114k 57.67
Industries N shs - a - (LYB) 0.6 $6.6M 83k 79.39
Verizon Communications (VZ) 0.6 $6.4M 137k 46.78
Dominion Resources (D) 0.5 $6.3M 81k 76.90
Merck & Co (MRK) 0.5 $6.2M 110k 56.79
Stryker Corporation (SYK) 0.5 $6.2M 66k 94.33
iShares Lehman Aggregate Bond (AGG) 0.5 $6.2M 56k 110.13
Anthem (ELV) 0.5 $6.0M 48k 125.68
United Technologies Corporation 0.5 $5.8M 51k 115.00
iShares MSCI Emerging Markets Indx (EEM) 0.5 $5.6M 142k 39.29
Valero Energy Corporation (VLO) 0.5 $5.5M 110k 49.50
Archer Daniels Midland Company (ADM) 0.5 $5.3M 102k 52.00
Vanguard Dividend Appreciation ETF (VIG) 0.5 $5.3M 66k 81.15
Bank of America Corporation (BAC) 0.4 $5.0M 277k 17.89
Marathon Petroleum Corp (MPC) 0.4 $5.0M 55k 90.26
Actavis 0.4 $4.8M 19k 257.41
Qualcomm (QCOM) 0.4 $4.7M 64k 74.33
Ace Limited Cmn 0.4 $4.7M 41k 114.87
CSX Corporation (CSX) 0.4 $4.7M 129k 36.23
Devon Energy Corporation (DVN) 0.4 $4.6M 75k 61.21
Udr (UDR) 0.4 $4.6M 148k 30.82
Tyson Foods (TSN) 0.4 $4.5M 111k 40.09
Kinder Morgan (KMI) 0.4 $4.5M 107k 42.31
Caterpillar (CAT) 0.4 $4.4M 48k 91.52
Automatic Data Processing (ADP) 0.4 $4.4M 52k 83.36
BB&T Corporation 0.4 $4.4M 112k 38.89
Eaton (ETN) 0.4 $4.2M 62k 67.95
L-3 Communications Holdings 0.4 $4.1M 33k 126.20
Bristol Myers Squibb (BMY) 0.3 $4.0M 68k 59.03
Cummins (CMI) 0.3 $4.1M 28k 144.16
ConocoPhillips (COP) 0.3 $3.8M 55k 69.05
McDonald's Corporation (MCD) 0.3 $3.7M 39k 93.71
Marathon Oil Corporation (MRO) 0.3 $3.6M 129k 28.29
BT 0.3 $3.7M 60k 61.99
Corning Incorporated (GLW) 0.3 $3.5M 155k 22.93
Union Pacific Corporation (UNP) 0.3 $3.5M 30k 119.15
Abbvie (ABBV) 0.3 $3.6M 54k 65.45
AFLAC Incorporated (AFL) 0.3 $3.3M 54k 61.09
General Dynamics Corporation (GD) 0.3 $3.4M 25k 137.60
PNC Financial Services (PNC) 0.3 $3.2M 35k 91.23
Genuine Parts Company (GPC) 0.3 $3.1M 29k 106.57
E.I. du Pont de Nemours & Company 0.3 $3.1M 42k 73.95
iShares S&P 500 Growth Index (IVW) 0.3 $3.1M 28k 111.60
Schlumberger (SLB) 0.3 $3.0M 35k 85.40
Emerson Electric (EMR) 0.2 $2.9M 47k 61.73
Whirlpool Corporation (WHR) 0.2 $2.9M 15k 193.77
Dollar Tree (DLTR) 0.2 $2.7M 39k 70.38
Community Health Systems (CYH) 0.2 $2.7M 51k 53.92
Mondelez Int (MDLZ) 0.2 $2.8M 77k 36.32
Twenty-first Century Fox 0.2 $2.8M 72k 38.41
Fox News 0.2 $2.7M 73k 36.89
Abbott Laboratories (ABT) 0.2 $2.6M 58k 45.01
PPL Corporation (PPL) 0.2 $2.5M 70k 36.33
CF Industries Holdings (CF) 0.2 $2.5M 9.2k 272.51
iShares Dow Jones Select Dividend (DVY) 0.2 $2.5M 32k 79.39
Consolidated Edison (ED) 0.2 $2.4M 36k 66.02
PPG Industries (PPG) 0.2 $2.4M 11k 231.14
iShares iBoxx $ High Yid Corp Bond (HYG) 0.2 $2.4M 27k 89.62
Sigma-Aldrich Corporation 0.2 $2.3M 17k 137.26
Seagate Technology Com Stk 0.2 $2.3M 35k 66.51
iShares Barclays TIPS Bond Fund (TIP) 0.2 $2.3M 21k 112.02
iShares S&P SmallCap 600 Value Idx (IJS) 0.2 $2.3M 20k 117.91
Goldman Sachs (GS) 0.2 $2.2M 12k 193.83
V.F. Corporation (VFC) 0.2 $2.2M 29k 74.89
Philip Morris International (PM) 0.2 $2.2M 27k 81.45
Markel Corporation (MKL) 0.2 $2.1M 3.1k 682.94
Kraft Foods 0.2 $2.1M 33k 62.67
Alaska Air (ALK) 0.2 $1.9M 32k 59.77
iShares Cohen & Steers Realty Maj. (ICF) 0.2 $1.9M 20k 96.83
Phillips 66 (PSX) 0.2 $2.0M 28k 71.69
Duke Energy (DUK) 0.2 $1.9M 23k 83.54
Xerox Corporation 0.2 $1.8M 129k 13.86
iShares S&P MidCap 400 Index (IJH) 0.2 $1.8M 13k 144.77
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.2 $1.9M 17k 110.32
3M Company (MMM) 0.1 $1.7M 10k 164.28
Royal Dutch Shell 0.1 $1.7M 26k 66.96
Delta Air Lines (DAL) 0.1 $1.7M 36k 49.19
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.1 $1.7M 20k 84.46
Vanguard REIT ETF (VNQ) 0.1 $1.7M 21k 81.02
Express Scripts Holding 0.1 $1.7M 20k 84.69
Suntrust Banks Inc $1.00 Par Cmn 0.1 $1.6M 37k 41.89
Kimberly-Clark Corporation (KMB) 0.1 $1.6M 14k 115.53
Western Digital (WDC) 0.1 $1.6M 14k 110.68
Berkshire Hathaway (BRK.A) 0.1 $1.6M 7.00 226000.00
Xcel Energy (XEL) 0.1 $1.6M 45k 35.93
Becton, Dickinson and (BDX) 0.1 $1.5M 11k 139.18
Lockheed Martin Corporation (LMT) 0.1 $1.5M 7.5k 192.61
Southern Company (SO) 0.1 $1.4M 29k 49.10
AmerisourceBergen (COR) 0.1 $1.3M 15k 90.17
Honeywell International (HON) 0.1 $1.4M 14k 99.91
Liberty Media 0.1 $1.4M 48k 29.43
Kellogg Company (K) 0.1 $1.4M 21k 65.40
Energy Transfer Partners 0.1 $1.4M 21k 65.02
Colgate-Palmolive Company (CL) 0.1 $1.3M 19k 69.20
iShares Gold Trust 0.1 $1.2M 109k 11.44
Vanguard Emerging Markets ETF (VWO) 0.1 $1.3M 31k 40.01
Liberty Global Inc C 0.1 $1.3M 27k 48.32
Google Inc Class C 0.1 $1.3M 2.4k 526.47
Ecolab (ECL) 0.1 $1.1M 11k 104.50
Medtronic 0.1 $1.1M 15k 72.21
Nextera Energy (NEE) 0.1 $1.2M 11k 106.28
Total 0.1 $1.1M 22k 51.20
Washington Real Estate Investment Trust (ELME) 0.1 $1.1M 41k 27.65
Discovery Communications 0.1 $1.2M 35k 33.73
U.S. Bancorp (USB) 0.1 $1.1M 24k 44.95
Northrop Grumman Corporation (NOC) 0.1 $1.1M 7.2k 147.34
Johnson Controls 0.1 $1.0M 22k 48.32
W.R. Grace & Co. 0.1 $1.0M 11k 95.42
SPDR S&P Emerging Markets Small Cap (EWX) 0.1 $1.0M 23k 44.36
Dow Chemical Company 0.1 $943k 21k 45.59
Raytheon Company 0.1 $960k 8.9k 108.19
Anadarko Petroleum Corporation 0.1 $894k 11k 82.46
iShares MSCI EAFE Growth Index (EFG) 0.1 $967k 15k 65.78
Xylem (XYL) 0.1 $922k 24k 38.07
Liberty Media Corp Del Com Ser C 0.1 $921k 26k 35.02
Sempra Energy (SRE) 0.1 $783k 7.0k 111.40
TowneBank (TOWN) 0.1 $837k 55k 15.11
iShares MSCI EAFE Value Index (EFV) 0.1 $801k 16k 51.02
Itt 0.1 $755k 19k 40.47
Hartford Financial Services (HIG) 0.1 $710k 17k 41.69
State Street Corporation (STT) 0.1 $710k 9.0k 78.54
Reinsurance Group of America (RGA) 0.1 $694k 7.9k 87.68
American Electric Power Company (AEP) 0.1 $669k 11k 60.70
Gilead Sciences (GILD) 0.1 $720k 7.6k 94.30
Illinois Tool Works (ITW) 0.1 $721k 7.6k 94.75
SPDR Gold Trust (GLD) 0.1 $711k 6.3k 113.56
Plains All American Pipeline (PAA) 0.1 $744k 15k 51.35
iShares Brclys Intrdte Gov/Crt Bd (GVI) 0.1 $743k 6.7k 110.65
General Motors Company (GM) 0.1 $702k 20k 34.91
Cdk Global Inc equities 0.1 $645k 16k 40.74
Walgreen Boots Alliance 0.1 $701k 9.2k 76.25
Spdr S&p 500 Etf (SPY) 0.1 $559k 2.7k 205.36
DaVita (DVA) 0.1 $614k 8.1k 75.77
EMC Corporation 0.1 $596k 20k 29.73
SCANA Corporation 0.1 $556k 9.2k 60.43
United Bankshares (UBSI) 0.1 $611k 16k 37.43
Libertyinteractivecorp lbtventcoma 0.1 $598k 16k 37.74
Starz - Liberty Capital 0.1 $522k 18k 29.70
Liberty Global Inc Com Ser A 0.1 $582k 12k 50.17
Teva Pharmaceutical Industries (TEVA) 0.0 $431k 7.5k 57.47
CVS Caremark Corporation (CVS) 0.0 $439k 4.6k 96.37
Thermo Fisher Scientific (TMO) 0.0 $445k 3.6k 125.35
Yum! Brands (YUM) 0.0 $432k 5.9k 72.79
Capital One Financial (COF) 0.0 $509k 6.2k 82.50
GlaxoSmithKline 0.0 $413k 9.7k 42.77
Discovery Communications 0.0 $414k 12k 34.46
Enterprise Products Partners (EPD) 0.0 $501k 14k 36.11
iShares Russell 1000 Index (IWB) 0.0 $413k 3.6k 114.53
Rayonier (RYN) 0.0 $458k 16k 27.93
iShares Russell 1000 Growth Index (IWF) 0.0 $507k 5.3k 95.55
PowerShares Water Resources 0.0 $463k 18k 25.77
Liberty Media 0.0 $464k 13k 35.29
First Citizens BancShares (FCNCA) 0.0 $392k 1.6k 252.90
Costco Wholesale Corporation (COST) 0.0 $345k 2.4k 141.57
Monsanto Company 0.0 $319k 2.7k 119.39
Waste Management (WM) 0.0 $289k 5.6k 51.40
International Game Technology 0.0 $403k 23k 17.23
Brown-Forman Corporation (BF.B) 0.0 $380k 4.3k 87.76
Nike (NKE) 0.0 $394k 4.1k 96.14
Parker-Hannifin Corporation (PH) 0.0 $389k 3.0k 128.94
New York Community Ban 0.0 $312k 20k 16.00
Public Service Enterprise (PEG) 0.0 $381k 9.2k 41.45
Entergy Corporation (ETR) 0.0 $389k 4.4k 87.52
Steel Dynamics (STLD) 0.0 $365k 19k 19.73
Rbc Cad (RY) 0.0 $332k 4.8k 69.15
Coca-cola Enterprises 0.0 $325k 7.4k 44.22
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.0 $305k 13k 24.30
Monarch Financial Holdings 0.0 $355k 26k 13.75
Exelis 0.0 $332k 19k 17.52
Liberty Broadband Cl C (LBRDK) 0.0 $328k 6.6k 49.89
Chubb Corporation 0.0 $209k 2.0k 103.52
Huntington Bancshares Incorporated (HBAN) 0.0 $241k 23k 10.50
American Express Company (AXP) 0.0 $288k 3.1k 92.90
Baxter International (BAX) 0.0 $215k 2.9k 73.20
United Parcel Service (UPS) 0.0 $202k 1.8k 111.29
Apache Corporation 0.0 $277k 4.4k 62.75
Brown & Brown (BRO) 0.0 $256k 7.8k 32.95
Spectra Energy 0.0 $202k 5.5k 36.34
SYSCO Corporation (SYY) 0.0 $274k 6.9k 39.62
Harris Corporation 0.0 $210k 2.9k 71.79
International Paper Company (IP) 0.0 $270k 5.0k 53.60
Novartis (NVS) 0.0 $204k 2.2k 92.73
Allstate Corporation (ALL) 0.0 $215k 3.1k 70.40
Target Corporation (TGT) 0.0 $238k 3.1k 75.92
Wisconsin Energy Corporation 0.0 $256k 4.9k 52.77
iShares Russell 1000 Value Index (IWD) 0.0 $242k 2.3k 104.49
Middleburg Financial 0.0 $180k 10k 18.00
Dr Pepper Snapple 0.0 $240k 3.4k 71.64
Linn Energy 0.0 $212k 21k 10.13
Magna Intl Inc cl a (MGA) 0.0 $229k 2.1k 108.84
Fulton Financial (FULT) 0.0 $246k 20k 12.37
Realty Income (O) 0.0 $272k 5.7k 47.72
Magellan Midstream Partners 0.0 $212k 2.6k 82.65
WSFS Financial Corporation (WSFS) 0.0 $271k 3.5k 77.01
Templeton Dragon Fund (TDF) 0.0 $235k 9.8k 24.09
iShares MSCI ACWI ex US Index Fund (ACWX) 0.0 $212k 4.9k 42.98
Liberty Tripadvisor Hldgs (LTRPA) 0.0 $244k 9.1k 26.94
Capital Product 0.0 $160k 20k 8.00
Charles & Colvard 0.0 $87k 47k 1.85
Bovie Medical Corporation 0.0 $37k 10k 3.70