1IC

1919 Investment Counsel Portfolio holdings

AUM $4.86B

1-Year Est. Return 17.55%

2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Est. Return

1 Year Est. Return

+17.55%

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$4.86B

AUM Growth

-$39.7M (-0.81%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

1,083

New

Increased

Reduced

Closed

Top Buys

1		+$24.5M
2		+$19.6M
3		+$19.3M
4	Whirlpool WHR	+$16.3M
5	LNKD LinkedIn Corporation LNKD	+$12.6M

Top Sells

1		+$24.6M
2		+$18.3M
3		+$18.2M
4	ESRX Express Scripts Holding Company ESRX	+$15.7M
5	State Street STT	+$9.9M

Sector Composition

1	Energy	16.49%
2	Healthcare	15.15%
3	Financials	12.35%
4	Industrials	11.57%
5	Technology	10.5%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal
226	226 Occidental Petroleum OXY $39.9B	$3.38M	0.07%	36,726 -600
227	227 Suburban Propane Partners SPH $1.2B	$3.38M	0.07%	75,908
228	228 Tapestry TPR $23.4B	$3.29M	0.07%	92,340 -10,217
229	229 Amgen AMGN $157B	$3.29M	0.07%	23,399 -210
230	230 Newell Brands NWL $2.07B	$3.27M	0.07%	94,865 -4,496
231	231 BP BP $90.1B	$3.26M	0.07%	90,773 -3,906
232	232 Kellanova K $28.9B	$3.19M	0.07%	55,062 +1,278
233	233 Brown & Brown BRO $27.1B	$3.16M	0.07%	196,560 -13,600
234	CB 234 DELISTED CHUBB CORPORATION CB	$3.16M	0.06%	34,665 +11,392
235	235 General Dynamics GD $92.8B	$3.01M	0.06%	23,677 -1,462
236	MDVN 236 DELISTED MEDIVATION, INC. MDVN	$2.97M	0.06%	+60,000
237	237 Altria Group MO $104B	$2.96M	0.06%	64,386 +680
238	CVA 238 DELISTED Covanta Holding Corporation CVA	$2.92M	0.06%	137,507 +117,470
239	AV 239 DELISTED Aviva Plc AV	$2.91M	0.06%	171,775 -11,090
240	240 Equity Residential EQR $22.5B	$2.89M	0.06%	46,898 -1,396
241	241 Comerica CMA $9.8B	$2.84M	0.06%	56,900 +2,650
242	242 Republic Services RSG $65.7B	$2.83M	0.06%	72,442 -19,642
243	243 Global Payments GPN $19.2B	$2.8M	0.06%	80,000
244	OUBS 244 DELISTED USB AG (NEW) OUBS	$2.78M	0.06%	159,884 -7,470
245	245 Toyota TM $270B	$2.73M	0.06%	23,195 +1,165
246	246 Ameriprise Financial AMP $45.1B	$2.71M	0.06%	21,935 -4,425
247	247 Cardinal Health CAH $39.1B	$2.69M	0.06%	35,901 -400
248	248 Dover DOV $24.8B	$2.66M	0.05%	41,045 -297
249	HCC 249 DELISTED HCC INSURANCES HOLDINGS INC HCC	$2.66M	0.05%	55,000
250	250 Northrop Grumman NOC $83.5B	$2.63M	0.05%	19,928 -2,095