AVALON ADVISORS, LLC

Q1 2014 13F-HR Holdings

Location
Houston, TX
Holdings as of
3/31/2014
Date filed
5/15/2014
Form type
13F-HR
Num holdings
171
Total value ($000)
$1,811,765
Net value change ($000)
+23,661 (1.3%)
New positions
14
Sold out positions
21
Turnover %
7.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/12/2014 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
META 12,064 NEW
LLY 10,638 70.6%
MRK 10,322 49.5%
NEE 9,846 NEW
BLK 9,252 NEW
ALK 8,251 NEW
JBLU 6,938 NEW
EPR 6,898 NEW
EQR 6,826 NEW
SLB 6,267 70.8%
Top Reduces (Value $000, Stocks/ETFs)
GS -12,447 -100.0%
SBUX -10,578 -100.0%
CAG -9,139 -100.0%
TJX -9,038 -100.0%
GIS -8,638 -100.0%
KR -8,555 -100.0%
THE CIGNA GROUP -8,370 -100.0%
C -7,973 -51.7%
PM -4,559 -12.4%
CSCO -3,968 -21.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type