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Granite Construction
GVA

Name Holding Trade Value Shares
Change 		Change in
Stake
Franklin Resources
1
Franklin Resources
California
$79M +$78.5M +2,655,500 New
HA
2
Heartland Advisors
Wisconsin
$78.3M +$77.8M +2,631,585 New
AllianceBernstein
3
AllianceBernstein
Tennessee
$59.6M +$59.2M +2,003,905 New
Vanguard Group
4
Vanguard Group
Pennsylvania
$55M +$54.6M +1,848,270 New
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$49M +$48.7M +1,648,074 New
BFA
6
BlackRock Fund Advisors
California
$45.9M +$45.6M +1,543,950 New
PIM
7
Perkins Investment Management
Illinois
$40.5M +$40.3M +1,362,300 New
DRZID
8
DePrince Race & Zollo Inc (DRZ)
Florida
$38.8M +$38.5M +1,303,573 New
State Street
9
State Street
Massachusetts
$38.6M +$38.3M +1,297,645 New
Artisan Partners
10
Artisan Partners
Wisconsin
$35.3M +$35M +1,184,700 New
SIM
11
Sprucegrove Investment Management
Ontario, Canada
$34.2M +$33.9M +1,148,700 New
BIT
12
BlackRock Institutional Trust
California
$33.1M +$32.9M +1,112,833 New
Northern Trust
13
Northern Trust
Illinois
$31.8M +$31.6M +1,068,402 New
KeyBank National Association
14
KeyBank National Association
Ohio
$28.8M +$28.6M +968,600 New
Bank of New York Mellon
15
Bank of New York Mellon
New York
$24.8M +$24.7M +834,667 New
RFC
16
Russell Frank Company
Washington
$22.8M +$22.7M +767,337 New
VDBMI
17
Van Den Berg Management I
Texas
$17.5M +$17.4M +587,543 New
ICOM
18
Investment Counselors of Maryland
Maryland
$16.9M +$16.8M +566,800 New
KG
19
Killen Group
Pennsylvania
$14.1M +$14M +474,008 New
FCAM
20
F&C Asset Management
United Kingdom
$11.2M +$11.1M +375,169 New
Fidelity Investments
21
Fidelity Investments
Massachusetts
$10.7M +$10.6M +359,800 New
Boston Partners
22
Boston Partners
Massachusetts
$10.3M +$10.2M +345,812 New
MDCM
23
Morgan Dempsey Capital Management
Wisconsin
$9.11M +$9.04M +306,013 New
Primecap Management
24
Primecap Management
California
$8.63M +$8.57M +290,000 New
Norges Bank
25
Norges Bank
Norway
$8.56M +$8.5M +287,712 New
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