NATIONAL PENN INVESTORS TRUST CO /PA

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CIK 1007095

13F portfolio (2016-Q1)

$859M

Positions

217

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2015-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2016-Q1)

Holdings

217

Top 5

13.3%

Top 10

24.7%

Effective N

67.1

HHI

0.015

This quarter

13 new · 0 exit →

By sector

Unclassified21.6%

Information Technology16.7%

Consumer Discretionary16.5%

Financials13.0%

Industrials11.0%

Consumer Staples5.7%

Health Care5.3%

Materials4.2%

Other6.1%

By market cap

Large ($10–200B)48.5%

Unknown21.6%

Mega (>$200B)20.6%

Mid ($2–10B)8.2%

Small ($300M–2B)1.1%

Micro (<$300M)0.0%

By region

North America78.4%

Other21.6%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	21.66%	68
Distributors	6.81%	6
Insurance	6.36%	8
Technology Hardware & Equipment	6.34%	9
Software	5.77%	8
Specialty Retail	5.48%	7
Machinery	5.16%	8
Pharmaceuticals & Biotechnology	4.71%	12
Banks	4.47%	10
Chemicals	4.09%	7
Oil, Gas & Consumable Fuels	3.48%	11
Food Products	2.55%	5
Beverages	2.33%	2
Semiconductors & Semiconductor Equipment	2.28%	2
Textiles, Apparel & Luxury Goods	2.12%	1
Hotels, Restaurants & Leisure	2.08%	3
Capital Markets	2.03%	4
Commercial Services & Supplies	1.56%	7
Transportation Infrastructure	1.53%	1
Diversified Telecommunication Services	1.40%	3
Communications Equipment	1.39%	1
Road & Rail	1.36%	2
Health Care Equipment & Supplies	0.85%	5
Aerospace & Defense	0.75%	3
Utilities	0.67%	8
Software & IT Services	0.58%	3
Food & Staples Retailing	0.51%	1
Media & Publishing	0.48%	1
Health Care Providers & Services	0.35%	2
Electrical Equipment & Components	0.32%	1
Tobacco	0.28%	2
Entertainment	0.08%	1
Paper & Forest Products	0.08%	2
Automobiles & Components	0.03%	1
Media & Entertainment	0.03%	1
Professional Services	0.03%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	MSFT	MICROSOFT CORP	Information Technology	3.23%
2	AAPL	Apple Inc.	Information Technology	2.91%
3	JNJ	JOHNSON & JOHNSON	Health Care	2.47%
4	TJX	TJX COMPANIES INC /DE/	Consumer Discretionary	2.40%
5	CSCO	CISCO SYSTEMS, INC.	Information Technology	2.34%
6		WALGREENS BOOTS ALLIANCE INC	Unclassified	2.33%
7	GPC	GENUINE PARTS CO	Consumer Discretionary	2.29%
8	MRSH	MARSH & MCLENNAN COMPANIES, INC.	Financials	2.29%
9	PEP	PEPSICO INC	Consumer Staples	2.23%
10	CL	COLGATE PALMOLIVE CO	Materials	2.19%

150/217 names classified · sector 78.4% of weight · industry 78.3% · mkt cap 78.4%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 12 quarters

Information TechnologyMSFT, AAPL, INTC, CSCO, IBM · other

Consumer DiscretionaryMCK, VFC, TJX, M, GPC · other

FinancialsUSB, MRSH, UNH, BEN, ELV · other

IndustrialsBALL, UNP, CHRW, DOV, FLS · other

Health CareJNJ, AMGN, MDT, BAX, GILD · other

Consumer StaplesPEP, MKC, HRL, ADM, KR · other

EnergyXOM, CVX, SLB, HAL, MPC · other

MaterialsCL, NKE, CHD, PG, APD · other

Communication ServicesT, VZ, DLX, ZD, WLY · other

UtilitiesPPL, EPD, KMI, UGI, WEC · other

Real Estate

UnclassifiedDISCOVER FINL SVCS, UNITED TECHNOLOGIES CORP, TORCHMARK CORP, WALGREEN CO, WALGREENS BOOTS ALLIANCE INC · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 78.4% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2016-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (141 classified)NATIONAL PENN INVESTORS TRUST CO /PA centroid (Mid Core)

Information TechnologyConsumer DiscretionaryFinancialsIndustrialsConsumer StaplesHealth CareMaterialsEnergyCommunication ServicesUtilities

Style box summary for NATIONAL PENN INVESTORS TRUST CO /PA: centroid Mid Core. Heaviest cells: Large Core 18.2%, Large Value 15.6%, Large Growth 13.1%.

Classified: 78.0% of book weight (141/161 names) · unclassified 22.0%: , BIGGQ, EPD, IVV, IWB, VEA, BRK.B, MPLX, SLV, DVY +10 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 217 positions (2016-Q1) · largest first · Δ vs 2015-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	MSFTMICROSOFT CORP	502,663	$28M	3.2%	TRIM −14%
2	AAPLAPPLE INC	229,440	$25M	2.9%	TRIM −8%
3	JNJJOHNSON & JOHNSON	195,724	$21M	2.5%	TRIM −9%
4	TJXTJX COS INC NEW	263,444	$21M	2.4%	TRIM −9%
5	CSCOCISCO SYS INC	704,638	$20M	2.3%	ADD 8%
6	WALGREENS BOOTS ALLIANCE INC	237,703	$20M	2.3%	TRIM −7%
7	GPCGENUINE PARTS CO	197,858	$20M	2.3%	TRIM −10%
8	MRSHMARSH & MCLENNAN COS INC	323,368	$20M	2.3%	TRIM −9%
9	PEPPEPSICO INC	187,316	$19M	2.2%	TRIM −9%
10	CLCOLGATE PALMOLIVE CO	266,787	$19M	2.2%	TRIM −9%
11	USBUS BANCORP	462,131	$19M	2.2%	TRIM −10%
12	VFCV F CORP	281,737	$18M	2.1%	TRIM −6%
13	BALLBALL CORP	250,637	$18M	2.1%	TRIM −10%
14	INTCINTEL CORP	537,185	$17M	2.0%	TRIM −9%
15	ORCLORACLE CORP	423,876	$17M	2.0%	TRIM −8%
16	MCKMCKESSON CORP	109,192	$17M	2.0%	TRIM −7%
17	MCDMCDONALDS CORP	135,617	$17M	2.0%	TRIM −8%
18	RAYTHEON CO	135,094	$17M	1.9%	TRIM −10%
19	NATIONAL PENN BANCSHARES INC	1,524,580	$16M	1.9%	HOLD
20	MKCMCCORMICK & CO INC	162,231	$16M	1.9%	TRIM −10%
21	TELTE CONNECTIVITY LTD	255,656	$16M	1.8%	ADD 11%
22	UNHUNITEDHEALTH GROUP INC	122,288	$16M	1.8%	TRIM −5%
23	UNITED TECHNOLOGIES CORP	155,117	$16M	1.8%	TRIM −7%
24	DISCOVER FINL SVCS	277,647	$14M	1.6%	TRIM −10%
25	XOMEXXON MOBIL CORP	168,859	$14M	1.6%	TRIM −14%
26	CHRWC H ROBINSON WORLDWIDE INC	176,640	$13M	1.5%	TRIM −8%
27	DOVDOVER CORP	196,874	$13M	1.5%	TRIM −3%
28	MMACYS INC	283,538	$13M	1.5%	TRIM −4%
29	GILDGILEAD SCIENCES INC	130,165	$12M	1.4%	TRIM −3%
30	QCOMQUALCOMM INC	233,531	$12M	1.4%	TRIM −5%
31	BENFRANKLIN RESOURCES INC	297,104	$12M	1.4%	TRIM −3%
32	UNPUNION PAC CORP	140,208	$11M	1.3%	TRIM −9%
33	DR PEPPER SNAPPLE GROUP INC	108,376	$10M	1.1%	TRIM −8%
34	VARIAN MED SYS INC	119,572	$10M	1.1%	TRIM −8%
35	TTCTORO CO	94,081	$8M	0.9%	HOLD
36	TORCHMARK CORP	149,511	$8M	0.9%	TRIM −9%
37	SLBSCHLUMBERGER LTD	108,630	$8M	0.9%	TRIM −4%
38	FOOT LOCKER INC	119,896	$8M	0.9%	HOLD
39	PAREXEL INTL CORP	110,888	$7M	0.8%	HOLD
40	VZVERIZON COMMUNICATIONS INC	124,454	$7M	0.8%	ADD 27%
41	ELVELEVANCE HEALTH INC FORMERLY	47,638	$7M	0.8%	HOLD
42	BB&T CORP	180,599	$6M	0.7%	NEW
43	ACNACCENTURE PLC IRELAND	46,787	$5M	0.6%	HOLD
44	MMM3M CO	31,354	$5M	0.6%	HOLD
45	HSN INC	94,744	$5M	0.6%	ADD 4%
46	GDGENERAL DYNAMICS CORP	36,418	$5M	0.6%	HOLD
47	NKENIKE INC	75,087	$5M	0.5%	TRIM −26%
48	KRKROGER CO	114,346	$4M	0.5%	HOLD
49	ENSENERSYS	75,953	$4M	0.5%	HOLD
50	NEENAH INC	65,793	$4M	0.5%	HOLD
51	PGPROCTER AND GAMBLE CO	50,511	$4M	0.5%	ADD 8%
52	DLXDELUXE CORP MEDIUM TERM NTS	66,324	$4M	0.5%	ADD 3%
53	DGDOLLAR GEN CORP	48,332	$4M	0.5%	ADD 22%
54	HRLHORMEL FOODS CORP	86,612	$4M	0.4%	ADD 104%
55	FITBFIFTH THIRD BANCORP	211,665	$4M	0.4%	HOLD
56	AONAON PLC	33,591	$4M	0.4%	HOLD
57	CHDCHURCH & DWIGHT CO INC	37,984	$4M	0.4%	HOLD
58	WSOWATSCO INC	25,852	$3M	0.4%	ADD 3%
59	CBSHCOMMERCE BANCSHARES INC	77,194	$3M	0.4%	HOLD
60	RGAREINSURANCE GRP OF AMERICA I	35,782	$3M	0.4%	HOLD
61	BROBROWN & BROWN INC	96,100	$3M	0.4%	ADD 3%
62	WFCWELLS FARGO CO NEW	70,645	$3M	0.4%	HOLD
63	SCANA CORP NEW	47,340	$3M	0.4%	ADD 3%
64	WBSWEBSTER FINL CORP CONN	91,840	$3M	0.4%	ADD 2%
65	RPMRPM INTL INC	69,610	$3M	0.4%	NEW
66	BRBROADRIDGE FINL SOLUTIONS IN	54,595	$3M	0.4%	HOLD
67	AAPADVANCE AUTO PARTS INC	20,163	$3M	0.4%	HOLD
68	BOHBANK HAWAII CORP	46,542	$3M	0.4%	ADD 48%
69	URBNURBAN OUTFITTERS INC	95,119	$3M	0.4%	ADD 4%
70	HARRIS CORP DEL	40,227	$3M	0.4%	HOLD
71	VLOVALERO ENERGY CORP	47,203	$3M	0.4%	ADD 2%
72	FDSFACTSET RESH SYS INC	19,599	$3M	0.3%	TRIM −15%
73	TAT&T INC	73,829	$3M	0.3%	TRIM −7%
74	AMPAMERIPRISE FINL INC	30,514	$3M	0.3%	ADD 3%
75	AQUA AMERICA INC	89,197	$3M	0.3%	ADD 495%
76	EXPRESS SCRIPTS HLDG CO	40,800	$3M	0.3%	HOLD
77	BEMIS INC	54,100	$3M	0.3%	HOLD
78	DKSDICKS SPORTING GOODS INC	59,905	$3M	0.3%	ADD 39%
79	MDPEDIATRIX MEDICAL GROUP INC	43,290	$3M	0.3%	ADD 2%
80	GEGENERAL ELECTRIC CO	86,411	$3M	0.3%	TRIM −11%
81	EVREVERCORE INC	52,159	$3M	0.3%	ADD 4%
82	EBAYEBAY INC.	106,609	$3M	0.3%	ADD 3%
83	AMEAMETEK INC	50,179	$3M	0.3%	TRIM −17%
84	SLGNSILGAN HLDGS INC	47,106	$3M	0.3%	HOLD
85	ZDZIFF DAVIS INC	38,502	$2M	0.3%	ADD 2%
86	PANERA BREAD CO	11,047	$2M	0.3%	HOLD
87	CWCURTISS WRIGHT CORP	29,724	$2M	0.3%	NEW
88	MEREDITH CORP	46,893	$2M	0.3%	ADD 10%
89	HUBBHUBBELL INC	20,645	$2M	0.3%	HOLD
90	PFEPFIZER INC	72,111	$2M	0.2%	TRIM −7%
91	WKCWORLD KINECT CORPORATION	42,702	$2M	0.2%	ADD 2%
92	MPCMARATHON PETE CORP	55,070	$2M	0.2%	HOLD
93	AJGGALLAGHER ARTHUR J & CO	45,538	$2M	0.2%	HOLD
94	PPLPPL CORP	49,843	$2M	0.2%	TRIM −6%
95	LDOSLEIDOS HOLDINGS INC	35,815	$2M	0.2%	ADD 3%
96	CDNSCADENCE DESIGN SYSTEM INC	74,111	$2M	0.2%	TRIM −27%
97	BRYN MAWR BK CORP	66,800	$2M	0.2%	HOLD
98	BIGGQBIG LOTS INC	37,689	$2M	0.2%	ADD 39%
99	IBMINTERNATIONAL BUSINESS MACHS	10,863	$2M	0.2%	TRIM −16%
100	SNPSSYNOPSYS INC	33,231	$2M	0.2%	TRIM −11%
101	HANESBRANDS INC	54,885	$2M	0.2%	HOLD
102	UTHRUnited Therapeutics Corp.	13,804	$2M	0.2%	ADD 2%
103	XRAYDENTSPLY SIRONA INC	24,609	$2M	0.2%	NEW
104	MOALTRIA GROUP INC	23,474	$1M	0.2%	TRIM −10%
105	HOLLYFRONTIER CORP	41,131	$1M	0.2%	ADD 7%
106	TUPPERWARE BRANDS CORP	24,763	$1M	0.2%	HOLD
107	MANMANPOWERGROUP INC WIS	17,420	$1M	0.2%	ADD 3%
108	WADDELL & REED FINL INC	59,525	$1M	0.2%	ADD 8%
109	EPDENTERPRISE PRODS PARTNERS L	56,000	$1M	0.2%	HOLD
110	KRNYKEARNY FINL CORP MD	99,089	$1M	0.1%	HOLD
111	LMTLOCKHEED MARTIN CORP	5,429	$1M	0.1%	HOLD
112	TC PIPELINES LP	24,100	$1M	0.1%	HOLD
113	BUCKEYE PARTNERS L P	15,852	$1M	0.1%	HOLD
114	PMPHILIP MORRIS INTL INC	9,763	$958,000	0.1%	HOLD
115	IVVISHARES TR	4,600	$951,000	0.1%	TRIM −12%
116	MAGELLAN MIDSTREAM PARTNERS LP	13,700	$943,000	0.1%	HOLD
117	GISGENERAL MILLS INC	14,537	$921,000	0.1%	TRIM −12%
118	BMYBRISTOL-MYERS SQUIBB CO	14,267	$912,000	0.1%	TRIM −4%
119	KMIKINDER MORGAN INC DEL	51,014	$911,000	0.1%	TRIM −44%
120	HSYHERSHEY CO	9,672	$891,000	0.1%	HOLD
121	KOCOCA COLA CO	17,398	$807,000	0.1%	HOLD
122	LANNET INC	41,156	$738,000	0.1%	NEW
123	IWBISHARES TR	6,323	$721,000	0.1%	HOLD
124	AMGNAMGEN INC	4,732	$710,000	0.1%	TRIM −6%
125	CVXCHEVRON CORP NEW	7,437	$710,000	0.1%	TRIM −6%
126	VEAVANGUARD TAX-MANAGED FDS	19,232	$690,000	0.1%	HOLD
127	DISDISNEY WALT CO	6,851	$680,000	0.1%	TRIM −4%
128	BRK.BBERKSHIRE HATHAWAY INC DEL	4,775	$677,000	0.1%	TRIM −5%
129	SBUXSTARBUCKS CORP	10,250	$612,000	0.1%	HOLD
130	PNCPNC FINL SVCS GROUP INC	6,910	$585,000	0.1%	TRIM −5%
131	HDHOME DEPOT INC	4,336	$579,000	0.1%	TRIM −22%
132	AEGON N V	103,051	$567,000	0.1%	HOLD
133	EQT MIDSTREAM PARTNERS LP	7,500	$558,000	0.1%	ADD 50%
134	JPMJPMORGAN CHASE & CO	9,375	$556,000	0.1%	TRIM −28%
135	MPLXMPLX LP	18,625	$553,000	0.1%	HOLD
136	ENBRIDGE ENERGY PARTNERS L P	28,600	$524,000	0.1%	HOLD
137	APDAIR PRODS & CHEMS INC	3,510	$506,000	0.1%	TRIM −70%
138	SLVISHARES SILVER TR	33,871	$497,000	0.1%	ADD 7%
139	HONHONEYWELL INTL INC	4,425	$496,000	0.1%	HOLD
140	CSXCSX CORP	18,900	$487,000	0.1%	TRIM −6%
141	POWERSHS DB MULTI SECT COMM	22,652	$467,000	0.1%	ADD 7%
142	UGIUGI CORP NEW	11,461	$462,000	0.1%	HOLD
143	ABBVABBVIE INC	8,050	$460,000	0.1%	ADD 27%
144	MRKMERCK & CO INC	8,224	$435,000	0.1%	TRIM −44%
145	WESTERN MIDSTREAM	10,000	$434,000	0.1%	ADD 33%
146	PEGPUBLIC SVC ENTERPRISE GROUP	8,853	$417,000	0.0%	HOLD
147	KMBKIMBERLY-CLARK CORP	3,090	$415,000	0.0%	TRIM −58%
148	GLAXOSMITHKLINE PLC	9,997	$405,000	0.0%	TRIM −54%
149	DVYISHARES TR	4,659	$381,000	0.0%	HOLD
150	PSXPHILLIPS 66	4,355	$377,000	0.0%	TRIM −19%
151	BOTTOMLINE TECH DEL INC	12,255	$374,000	0.0%	ADD 9%
152	AAONAAON INC	13,295	$372,000	0.0%	ADD 10%
153	STAMPS COM INC	3,490	$371,000	0.0%	TRIM −13%
154	ONEOK PARTNERS LP	11,600	$364,000	0.0%	HOLD
155	CANTEL MED CORP	5,080	$363,000	0.0%	TRIM −9%
156	FULTFULTON FINL CORP PA	27,075	$362,000	0.0%	HOLD
157	SUNSunoco LP	14,440	$362,000	0.0%	TRIM −6%
158	WILLIAMS PARTNERS L P NEW	17,334	$354,000	0.0%	HOLD
159	EXCEXELON CORP	9,552	$343,000	0.0%	HOLD
160	BLKBBLACKBAUD INC	5,399	$340,000	0.0%	HOLD
161	SPYSTATE STR SPDR S&P 500 ETF T	1,613	$332,000	0.0%	HOLD
162	PRLBPROTO LABS INC	4,217	$325,000	0.0%	ADD 10%
163	NEOGNEOGEN CORP	6,442	$324,000	0.0%	ADD 10%
164	OMCLOMNICELL COM	11,380	$317,000	0.0%	ADD 15%
165	VVISA INC	4,112	$315,000	0.0%	HOLD
166	ENERGY TRANSFER PRTNRS L P	9,679	$313,000	0.0%	HOLD
167	PHILLIPS 66 PARTNERS LP	5,000	$313,000	0.0%	NEW
168	DU PONT E I DE NEMOURS & CO	4,870	$308,000	0.0%	TRIM −15%
169	ABTABBOTT LABS	7,338	$306,000	0.0%	ADD 57%
170	LGNDLIGAND PHARMACEUTICALS INC	2,835	$304,000	0.0%	ADD 29%
171	MLABMESA LABS INC	3,115	$300,000	0.0%	ADD 18%
172	DORMDORMAN PRODS INC	5,500	$299,000	0.0%	ADD 10%
173	IWMISHARES TR	2,635	$292,000	0.0%	HOLD
174	SPECTRA ENERGY PARTNERS LP	6,000	$289,000	0.0%	NEW
175	VASCULAR SOLUTIONS INC	8,720	$284,000	0.0%	ADD 31%
176	CMCSACOMCAST CORP NEW	4,606	$282,000	0.0%	HOLD
177	SSDSIMPSON MFG INC	7,207	$275,000	0.0%	ADD 11%
178	ACIWACI WORLDWIDE INC	12,996	$270,000	0.0%	ADD 5%
179	TYLTYLER TECHNOLOGIES INC	2,098	$270,000	0.0%	TRIM −2%
180	CORCENCORA INC	3,060	$265,000	0.0%	HOLD
181	IWRISHARES TR	1,592	$259,000	0.0%	TRIM −29%
182	VALSPAR CORP	2,415	$259,000	0.0%	TRIM −94%
183	SPSCSPS COMM INC	6,005	$258,000	0.0%	ADD 36%
184	ADXADAMS DIVERSIFIED EQUITY FD	20,351	$257,000	0.0%	HOLD
185	GELGENESIS ENERGY L P	8,050	$255,000	0.0%	ADD 45%
186	COPCONOCOPHILLIPS	6,220	$251,000	0.0%	TRIM −38%
187	BDXBECTON DICKINSON & CO	1,626	$247,000	0.0%	HOLD
188	ALGNALIGN TECHNOLOGY INC	3,367	$245,000	0.0%	TRIM −6%
189	CSGPCOSTAR GROUP INC	1,293	$243,000	0.0%	ADD 3%
190	WMBWILLIAMS COS INC	15,000	$241,000	0.0%	HOLD
191	HCSGHEALTHCARE SVCS GROUP INC	6,475	$238,000	0.0%	ADD 10%
192	VALERO ENERGY PARTNERS LP	5,000	$237,000	0.0%	HOLD
193	FLEETMATICS GROUP PLC	5,725	$233,000	0.0%	ADD 10%
194	HSTMHEALTHSTREAM INC	10,485	$232,000	0.0%	NEW
195	LABORATORY CORP AMER HLDGS	1,980	$232,000	0.0%	TRIM −41%
196	TREXTREX CO INC	4,825	$231,000	0.0%	NEW
197	PPGPPG INDS INC	2,050	$229,000	0.0%	TRIM −19%
198	WHGWESTWOOD HLDGS GROUP INC	3,900	$229,000	0.0%	NEW
199	HPEHEWLETT PACKARD ENTERPRISE C	12,892	$228,000	0.0%	TRIM −4%
200	TESORO LOGISTICS LP	5,000	$228,000	0.0%	HOLD

showing the top 200 by weight

☆NATIONAL PENN INVESTORS TRUST CO /PA