NAPLES GLOBAL ADVISORS, LLC Q3 2016 Filing

Filed October 11, 2016

Portfolio Value

$255.7M

Holdings

252

Report Date

Q3 2016

Filing Type

13F-HR

All Holdings (252 positions)

#	Stock	Shares	Value	% Portfolio
201	—Validus Holdings Ltd	7,175	$357K	0.14%
202	G7AGrupo Aeroportuario Del Centro	7,400	$348K	0.14%
203	WEPMagellan Midstream Ptnrs	4,875	$345K	0.13%
204	SMBVanEck Vectors AMT-Free S/T Mu	19,060	$337K	0.13%
205	KELKellogg Company	4,279	$331K	0.13%
206	SESpectra Energy Corp	7,709	$330K	0.13%
207	—Salisbury Bancorp Inc	10,636	$329K	0.13%
208	IEMGIshares MSCI Core Emrg Mkt ETF	7,160	$327K	0.13%
209	—Neenah Paper Inc	4,120	$326K	0.13%
210	UVSPUnivest Corp	13,544	$316K	0.12%
211	COLBColumbia Banking System Inc.	9,655	$316K	0.12%
212	DGDollar General Corp	4,430	$310K	0.12%
213	ASRGrupo Aeroportuario Sureste	2,095	$307K	0.12%
214	CMECME Group Inc Cl A	2,875	$300K	0.12%
215	FDMFirst Dow Jones Micro Cap ETF	7,935	$288K	0.11%
216	IWSiShares Russel MidCap Value ET	3,730	$286K	0.11%
217	—Scana Corp New	3,923	$284K	0.11%
218	MPLXMPLX LP	8,400	$284K	0.11%
219	SBUXStarbucks Corp	5,195	$281K	0.11%
220	VIGVanguard Div Appreciation ETF	3,290	$276K	0.11%
221	FASTFastenal Co	6,535	$273K	0.11%
222	EEMVIshares MSCI EM Min Vol ETF	5,054	$273K	0.11%
223	UNHUnitedhealth Group Inc	1,942	$272K	0.11%
224	MPTMedical Properties Trust REIT	18,380	$271K	0.11%
225	—HCP Inc REIT	7,107	$270K	0.11%
226	CLSCA Inc	8,151	$270K	0.11%
227	TTENTotal Adr	5,662	$270K	0.11%
228	IJRIshares Core S&P Small Cap ETF	2,170	$269K	0.11%
229	EBMTEagle Bancorp Montana Inc	18,850	$268K	0.10%
230	UGUnited Guardian Inc	18,042	$265K	0.10%
231	MNSTMonster Beverage Corp	1,800	$264K	0.10%
232	SCHESchwab Emg Mkts Equity ETF	11,275	$260K	0.10%
233	UNPUnion Pacific Corp	2,632	$257K	0.10%
234	CVSCVS Caremark Corp	2,887	$257K	0.10%
235	VOOVanguard S&P 500 ETF	1,265	$251K	0.10%
236	SCHZSchwab US Agg Bd ETF	4,635	$249K	0.10%
237	ORIOld Republic Intl Corp	14,025	$247K	0.10%
238	UBAUSDUrstadt Biddle Properties REIT	10,575	$235K	0.09%
239	—Senior Housing Pptys Tr	10,175	$231K	0.09%
240	TJXTJX Cos Inc	3,039	$227K	0.09%
241	VGREURVector Group Ltd	10,500	$226K	0.09%
242	SCHFSchwab Intl Equity ETF	7,650	$220K	0.09%
243	CELGCelgene Corp	2,100	$220K	0.09%
244	ETREntergy Corp	2,855	$219K	0.09%
245	—Eaton Vance MI Muni CEF	15,400	$218K	0.09%
246	AMNBUSDAmerican Natl Bankshares	7,680	$215K	0.08%
247	KSSKohls Corp	4,875	$213K	0.08%
248	IWDIshares Tr Russell 1000 Value	1,994	$211K	0.08%
249	VXUSVanguard Total Intl Stock	4,400	$208K	0.08%
250	DGSWisdomtree Emg Mkts SmCp Div E	4,890	$204K	0.08%
251	OXYOccidental Petroleum Corp	2,801	$204K	0.08%
252	XEXGXEV Tax-Mgd Gbl Div Incm CEF	22,892	$199K	0.08%

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