Douglas C. Lane & Associates, Inc. Activity Q4 1999-Q4 2015

Q4 2015

			Value		Shares		↓ Weighting
DAL	Sell	DELTA AIR LINES, INC	$114,522,000	+5.8%	2,259,269	-6.3%	3.10%	+0.7%
UAL	Sell	UNITED CONTINENTAL HOLDINGS IN	$85,556,000	+0.3%	1,493,128	-7.1%	2.32%	-4.5%
ILMN	Buy	ILLUMINA INC	$81,923,000	+16.2%	426,806	+6.4%	2.22%	+10.6%
V	Sell	VISA INC CL A	$77,720,000	+8.6%	1,002,192	-2.5%	2.10%	+3.4%
MSFT	Sell	MICROSOFT CORP	$71,541,000	+23.2%	1,289,497	-1.7%	1.94%	+17.3%
GM	Sell	GENERAL MOTORS CO	$71,450,000	+12.9%	2,100,848	-0.3%	1.93%	+7.5%
3106PS	Buy	DELPHI AUTOMOTIVE PLC SHS	$67,258,000	+13.1%	784,532	+0.3%	1.82%	+7.7%
GE	Sell	GENERAL ELECTRIC CO	$62,997,000	-15.6%	2,022,389	-31.7%	1.71%	-19.6%
CSCO	Sell	CISCO SYSTEMS INC	$62,639,000	+2.7%	2,306,725	-0.8%	1.70%	-2.2%
MA	Sell	MASTERCARD INC CL A	$60,157,000	+6.5%	617,877	-1.4%	1.63%	+1.4%
EQIX	Buy	EQUINIX INC	$60,059,000	+11.3%	198,609	+0.6%	1.63%	+6.0%
BWA	Buy	BORG WARNER INC	$59,512,000	+13.2%	1,376,648	+8.9%	1.61%	+7.8%
AA	Buy	ALCOA INC	$59,497,000	+8.5%	6,028,099	+6.2%	1.61%	+3.3%
QCOM	Buy	QUALCOMM INC	$58,208,000	-3.2%	1,164,503	+4.1%	1.58%	-7.8%
F	Sell	FORD MOTOR CO	$56,354,000	+3.3%	3,999,544	-0.5%	1.53%	-1.6%
AMGN	Sell	AMGEN, INC	$56,228,000	+15.2%	346,380	-1.8%	1.52%	+9.7%
HAR	Buy	HARMAN INTERNATIONAL INDS INC	$54,875,000	-1.3%	582,476	+0.6%	1.49%	-5.9%
TMO	Sell	THERMO FISHER SCIENTIFIC	$54,834,000	+14.4%	386,565	-1.4%	1.48%	+9.0%
YUM	Buy	YUM BRANDS INC	$54,551,000	-5.9%	746,760	+3.0%	1.48%	-10.4%
DHR	Sell	DANAHER CORP DEL	$53,250,000	+8.0%	573,321	-0.9%	1.44%	+2.9%
QGEN	Sell	QIAGEN NV ORD	$53,042,000	+5.3%	1,918,338	-1.8%	1.44%	+0.2%
GOOG	New	ALPHABET INC CAP STK CL C	$50,969,000	–	67,164	–	1.38%	–
MET	Buy	METLIFE INC	$50,681,000	+15.8%	1,051,264	+13.2%	1.37%	+10.3%
LUV	Sell	SOUTHWEST AIRLINES CO	$49,590,000	-3.6%	1,151,648	-14.9%	1.34%	-8.2%
CERN	Buy	CERNER CORP	$48,419,000	+7.1%	804,705	+6.7%	1.31%	+2.0%
AL	Buy	AIR LEASE CORP CL A	$47,635,000	+8.6%	1,422,777	+0.3%	1.29%	+3.4%
VRSK	Sell	VERISK ANALYTICS INC	$46,272,000	+2.9%	601,868	-1.1%	1.25%	-2.0%
DEO	Sell	DIAGEO PLC ADR	$45,971,000	+0.6%	421,485	-0.6%	1.24%	-4.2%
NVS	Sell	NOVARTIS A G SPON ADR	$45,664,000	-8.2%	530,725	-1.9%	1.24%	-12.6%
SYF	Buy	SYNCHRONY FINANCIAL	$45,228,000	+206.6%	1,487,262	+215.6%	1.22%	+192.4%
NSRGY	Sell	NESTLE S A SPON ADR	$41,805,000	-1.4%	561,325	-0.7%	1.13%	-6.1%
VLO	Sell	VALERO ENERGY CORP	$39,254,000	+14.7%	555,141	-2.5%	1.06%	+9.2%
SRCL	Sell	STERICYCLE INC	$38,957,000	-13.8%	323,026	-0.4%	1.06%	-17.9%
CELG	Sell	CELGENE CORP	$38,678,000	+9.3%	322,963	-1.3%	1.05%	+4.1%
XRAY	Sell	DENTSPLY INTL INC NEW	$37,527,000	+19.2%	616,712	-0.9%	1.02%	+13.5%
PEP	Sell	PEPSICO INC	$36,955,000	+4.8%	369,841	-1.1%	1.00%	-0.2%
ECL	Sell	ECOLAB INC	$36,898,000	+2.9%	322,590	-1.2%	1.00%	-2.0%
AXP	Buy	AMERICAN EXPRESS CO	$36,522,000	+11.0%	525,114	+18.3%	0.99%	+5.8%
	Buy	HUDSONS BAY CO NEW	$34,848,000	+3.1%	2,672,425	+34.0%	0.94%	-1.9%
INTC	Sell	INTEL CORP	$33,559,000	+11.2%	974,125	-2.7%	0.91%	+5.9%
GOOGL	New	ALPHABET INC CAP STK CL A	$33,436,000	–	42,976	–	0.90%	–
PRU	Buy	PRUDENTIAL FINANCIAL INC	$33,070,000	+22.2%	406,216	+14.4%	0.90%	+16.2%
USB	Buy	US BANCORP DEL NEW	$32,454,000	+36.9%	760,589	+31.6%	0.88%	+30.4%
GLW	Sell	CORNING INC	$30,574,000	+5.1%	1,672,522	-1.6%	0.83%	+0.1%
VFC	Buy	V F CORP	$30,108,000	+28.2%	483,659	+40.4%	0.82%	+22.0%
M	Buy	MACYS INC	$29,869,000	+89.1%	853,889	+177.4%	0.81%	+80.2%
BKU	Buy	BANKUNITED INC	$29,264,000	+13.0%	811,523	+12.0%	0.79%	+7.5%
XPO	Buy	XPO LOGISTICS INC	$29,210,000	+39.3%	1,071,914	+21.8%	0.79%	+32.7%
HFC	Sell	HOLLYFRONTIER CORP	$29,160,000	-26.4%	731,006	-9.9%	0.79%	-30.0%
DNKN	Buy	DUNKIN BRANDS GROUP INC	$29,066,000	-10.2%	682,453	+3.3%	0.79%	-14.5%
MPC	Sell	MARATHON PETROLEUM CORP	$28,624,000	+10.1%	552,169	-1.6%	0.78%	+4.9%
PX	Buy	PRAXAIR INC	$28,358,000	+1.2%	276,932	+0.7%	0.77%	-3.5%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$28,000,000	+14.1%	407,029	-1.8%	0.76%	+8.6%
SSYS	Buy	STRATASYS LTD SHS	$27,181,000	+5.8%	1,157,619	+19.3%	0.74%	+0.7%
MRK	Sell	MERCK & CO INC NEW	$27,196,000	+1.9%	514,876	-4.7%	0.74%	-3.0%
JPM	Sell	JPMORGAN CHASE & CO	$27,153,000	+5.5%	411,216	-2.5%	0.74%	+0.5%
DGI	Buy	DIGITALGLOBE INC NEW	$27,116,000	+12.2%	1,731,555	+36.2%	0.73%	+6.8%
IHS	Sell	IHS INC CL A	$27,065,000	-3.2%	228,535	-5.2%	0.73%	-7.8%
TGNA	Sell	TEGNA INC	$23,701,000	+8.3%	928,720	-4.9%	0.64%	+3.2%
ACN	Sell	ACCENTURE PLC IRELAND SHS CLAS	$23,068,000	+2.9%	220,747	-3.3%	0.62%	-2.0%
ABCO	Buy	ADVISORY BOARD CO	$23,045,000	+12.7%	464,514	+3.4%	0.62%	+7.2%
APD	Sell	AIR PRODUCTS & CHEMICALS INC	$22,781,000	-1.4%	175,089	-3.4%	0.62%	-6.1%
BBT	Buy	BB&T CORP	$22,662,000	+52.1%	599,364	+43.2%	0.61%	+44.8%
JWN	Buy	NORDSTROM, INC	$22,099,000	+73.9%	443,657	+150.3%	0.60%	+65.7%
TRI	Sell	THOMSON REUTERS CORP	$22,050,000	-12.6%	582,557	-7.0%	0.60%	-16.7%
MANH	Sell	MANHATTAN ASSOCIATES INC	$20,680,000	+4.6%	312,522	-1.6%	0.56%	-0.4%
HON	Buy	HONEYWELL INTL INC	$20,257,000	+11.3%	195,584	+1.8%	0.55%	+6.0%
AMT	Sell	AMERICAN TOWER CORP REIT	$20,143,000	-12.6%	207,764	-20.7%	0.54%	-16.8%
NVO	Sell	NOVO-NORDISK A S ADR	$19,886,000	+2.3%	342,392	-4.5%	0.54%	-2.7%
YHOO	Sell	YAHOO INC	$19,670,000	+14.3%	591,412	-0.7%	0.53%	+9.0%
CMCSA	Buy	COMCAST CORP CL A	$19,308,000	+472.1%	342,156	+476.7%	0.52%	+444.8%
NLSN	Sell	NIELSEN HOLDINGS PLC	$19,086,000	+0.8%	409,571	-3.8%	0.52%	-4.1%
HAIN	Buy	HAIN CELESTIAL GROUP INC	$18,855,000	-6.5%	466,830	+19.5%	0.51%	-11.0%
NCR	Sell	NCR CORP	$18,221,000	-38.3%	744,925	-42.7%	0.49%	-41.3%
PAY	Sell	VERIFONE SYSTEMS INC	$18,169,000	-31.8%	648,434	-32.5%	0.49%	-35.0%
ETN	Sell	EATON CORP PLC SHS	$18,161,000	-12.1%	348,980	-13.3%	0.49%	-16.2%
BX	Buy	BLACKSTONE GROUP L P UNIT LTD	$17,935,000	-6.3%	613,357	+1.5%	0.49%	-10.7%
PYPL	Sell	PAYPAL HOLDINGS INC	$17,753,000	+13.9%	490,413	-2.3%	0.48%	+8.6%
AAL	Buy	AMERICAN AIRLINES GROUP INC	$17,527,000	+9.8%	413,870	+0.6%	0.48%	+4.6%
ZTS	Sell	ZOETIS INC CL A	$17,488,000	+14.3%	364,943	-1.8%	0.47%	+8.7%
WFM	Buy	WHOLE FOODS MARKET INC	$17,366,000	+15.0%	518,390	+8.7%	0.47%	+9.6%
ITW	Sell	ILLINOIS TOOL WORKS INC	$17,127,000	+10.0%	184,795	-2.3%	0.46%	+4.7%
VTR	Sell	VENTAS INC	$16,128,000	-19.5%	285,812	-20.1%	0.44%	-23.3%
DIS	Sell	DISNEY (WALT) CO	$16,061,000	-3.9%	152,849	-6.5%	0.44%	-8.4%
EXPD	Sell	EXPEDITORS INTL OF WASHINGTON	$15,941,000	-6.5%	353,458	-2.5%	0.43%	-10.9%
SNY	Sell	SANOFI SPONSORED ADR	$14,829,000	-19.4%	347,699	-10.3%	0.40%	-23.3%
PINC	Buy	PREMIER INC CL A	$14,437,000	+13.6%	409,325	+10.7%	0.39%	+8.3%
FB	Sell	FACEBOOK INC CL A	$14,436,000	+14.5%	137,931	-1.7%	0.39%	+9.2%
SJM	Sell	SMUCKER J M CO NEW	$14,047,000	+7.1%	113,890	-0.9%	0.38%	+1.9%
LVLT	Buy	LEVEL 3 COMMUNICATIONS NEW	$13,863,000	+25.3%	255,017	+0.7%	0.38%	+19.0%
SBUX	Sell	STARBUCKS CORP	$13,668,000	+3.1%	227,680	-2.4%	0.37%	-1.9%
FAST	Sell	FASTENAL CO	$13,268,000	+8.9%	325,029	-2.4%	0.36%	+3.5%
UN	Sell	UNILEVER N.V. (NY SHS)	$12,547,000	-1.4%	289,640	-8.5%	0.34%	-6.1%
CL	Sell	COLGATE PALMOLIVE CO	$12,504,000	+2.2%	187,698	-2.6%	0.34%	-2.6%
AVB	Sell	AVALONBAY COMMUNITIES INC	$11,884,000	-18.7%	64,540	-22.8%	0.32%	-22.4%
SLB	Sell	SCHLUMBERGER LTD	$11,887,000	-1.9%	170,423	-3.0%	0.32%	-6.7%
SWK	Sell	STANLEY BLACK & DECKER	$11,693,000	+3.2%	109,553	-6.2%	0.32%	-1.6%
VMC	Sell	VULCAN MATERIALS CO	$11,321,000	+4.7%	119,211	-1.7%	0.31%	0.0%
VZ	Sell	VERIZON COMMUNICATIONS INC	$11,232,000	-1.0%	243,022	-6.8%	0.30%	-5.9%
MCHP	Sell	MICROCHIP TECHNOLOGY INC	$10,506,000	-67.5%	225,742	-69.9%	0.28%	-69.1%
LUXTY	Sell	LUXOTTICA GROUP S P A SPON ADR	$10,216,000	-30.0%	157,501	-25.2%	0.28%	-33.3%
AAPL	Sell	APPLE INC	$9,457,000	-9.8%	89,845	-5.5%	0.26%	-14.1%
EBAY	Sell	EBAY INC	$8,896,000	-16.5%	323,709	-25.7%	0.24%	-20.5%
JNJ	Sell	JOHNSON & JOHNSON	$8,851,000	+8.6%	86,162	-1.3%	0.24%	+3.4%
AMTD	Buy	TD AMERITRADE HOLDING CORP	$8,844,000	+55.1%	254,785	+42.3%	0.24%	+47.5%
PRGO	Buy	PERRIGO CO PCL SHS	$7,773,000	-1.4%	53,716	+7.2%	0.21%	-6.2%
CVX	Buy	CHEVRON CORP NEW	$7,581,000	+17.5%	84,265	+3.0%	0.20%	+12.0%
ADBE	Buy	ADOBE SYSTEMS, INC	$7,496,000	+15.8%	79,796	+1.3%	0.20%	+10.3%
FRC	New	FIRST REPUBLIC BANK, INC	$7,375,000	–	111,643	–	0.20%	–
PNR	Sell	PENTAIR PLC SHS	$7,194,000	-25.9%	145,243	-23.6%	0.20%	-29.3%
DANOY	Sell	DANONE SPONSORED ADR	$7,166,000	-6.3%	529,576	-12.7%	0.19%	-10.6%
NVDA	New	NVIDIA CORP	$7,126,000	–	216,198	–	0.19%	–
LAMR	Sell	LAMAR ADVERTISING CO N CL A	$6,784,000	-27.1%	113,111	-36.6%	0.18%	-30.6%
MMM	Sell	3M CO	$6,788,000	-12.3%	45,062	-17.5%	0.18%	-16.4%
IBM	Sell	INTERNATIONAL BUSINESS MACHINE	$6,618,000	-13.0%	48,086	-8.3%	0.18%	-17.1%
CLB	Sell	CORE LABORATORIES N V	$6,496,000	-11.7%	59,735	-19.0%	0.18%	-15.8%
GCI	Sell	GANNETT SPINCO INC (NEW)	$6,381,000	+1.8%	391,724	-8.0%	0.17%	-2.8%
DDD	Buy	3-D SYSTEMS CORP NEW	$6,214,000	-3.0%	715,043	+28.9%	0.17%	-7.7%
MDLZ	Sell	MONDELEZ INTL INC CL A	$6,067,000	-21.9%	135,311	-27.0%	0.16%	-25.8%
XOM	Sell	EXXON MOBIL CORP	$5,997,000	+3.8%	76,931	-1.0%	0.16%	-1.2%
DISCK	Buy	DISCOVERY COMMUNICATIONS NEW S	$5,919,000	+25.3%	234,678	+20.7%	0.16%	+19.4%
EL	Sell	LAUDER ESTEE COS INC CL A	$5,635,000	+7.7%	63,994	-1.3%	0.15%	+2.7%
KO	Sell	COCA-COLA CO	$5,541,000	-7.6%	128,986	-13.7%	0.15%	-11.8%
PG	Sell	PROCTER & GAMBLE CO	$4,933,000	+0.1%	62,125	-9.3%	0.13%	-4.3%
ABT	Sell	ABBOTT LABORATORIES	$4,913,000	-16.0%	109,399	-24.8%	0.13%	-19.9%
VOD	Sell	VODAFONE GROUP PLC NEW SPNSR A	$4,615,000	-6.9%	143,067	-8.4%	0.12%	-11.3%
AIG	Buy	AMERICAN INTL GROUP NEW	$4,514,000	+9.1%	72,843	+0.0%	0.12%	+3.4%
FDX	Sell	FEDEX CORP	$3,686,000	+1.2%	24,741	-2.2%	0.10%	-3.8%
TU	Sell	TELUS CORP	$3,127,000	-24.2%	113,090	-13.6%	0.08%	-27.4%
PCP	Sell	PRECISION CASTPARTS CORP	$3,156,000	-11.4%	13,602	-12.3%	0.08%	-15.8%
ADP	Sell	AUTOMATIC DATA PROCESSING	$3,002,000	+4.2%	35,434	-1.1%	0.08%	-1.2%
UTX	Sell	UNITED TECHNOLOGIES CORP	$2,964,000	+0.6%	30,848	-6.8%	0.08%	-4.8%
PFE	Sell	PFIZER INC	$2,917,000	-3.7%	90,361	-6.3%	0.08%	-8.1%
UPS	Sell	UNITED PARCEL SERVICE CL B	$2,870,000	-3.6%	29,829	-1.1%	0.08%	-8.2%
PLD	Sell	PROLOGIS INC	$2,887,000	-30.5%	67,258	-37.0%	0.08%	-33.9%
LB	Sell	L BRANDS INC	$2,717,000	-0.4%	28,351	-6.4%	0.07%	-5.1%
EMR	Sell	EMERSON ELECTRIC CO	$2,627,000	-27.7%	54,920	-33.2%	0.07%	-31.1%
STAR	Sell	ISTAR INC	$2,521,000	-11.9%	214,935	-5.5%	0.07%	-16.0%
WFC	Sell	WELLS FARGO & CO NEW	$2,429,000	+0.0%	44,679	-5.5%	0.07%	-4.3%
HPQ	New	HP INC	$2,227,000	–	188,069	–	0.06%	–
RXN	New	REXNORD CORP NEW	$1,966,000	–	108,515	–	0.05%	–
DOW	Sell	DOW CHEMICAL CO	$1,559,000	+8.9%	30,289	-10.3%	0.04%	+2.4%
MKC	Sell	MCCORMICK & CO INC	$1,558,000	-1.0%	18,210	-4.9%	0.04%	-6.7%
T	Sell	AT&T INC	$1,518,000	-6.6%	44,122	-11.6%	0.04%	-10.9%
BRKB	Buy	BERKSHIRE HATHAWAY INC CL B NE	$1,372,000	+9.9%	10,388	+8.5%	0.04%	+5.7%
COST	Buy	COSTCO WHOLESALE CORP NEW	$1,329,000	+12.4%	8,231	+0.6%	0.04%	+5.9%
ABBV	Sell	ABBVIE INC	$1,348,000	+0.8%	22,757	-7.4%	0.04%	-5.3%
CRS	Sell	CARPENTER TECHNOLOGY CORP	$1,338,000	-47.5%	44,210	-48.4%	0.04%	-50.0%
GILD	Sell	GILEAD SCIENCES INC	$1,288,000	-3.4%	12,725	-6.3%	0.04%	-7.9%
MO	Sell	ALTRIA GROUP INC	$1,177,000	-9.7%	20,223	-15.6%	0.03%	-13.5%
PM	Buy	PHILIP MORRIS INTL INC	$1,163,000	+16.1%	13,232	+4.8%	0.03%	+10.7%
HD	Buy	HOME DEPOT INC	$1,079,000	+17.9%	8,160	+3.0%	0.03%	+11.5%
CB	Sell	CHUBB CORP	$1,070,000	+6.3%	8,064	-1.8%	0.03%	0.0%
URI	Buy	UNITED RENTALS INC	$1,031,000	+51.4%	14,213	+25.4%	0.03%	+47.4%
HUBB	New	HUBBELL INC	$1,051,000	–	10,403	–	0.03%	–
VC	Sell	VISTEON CORP NEW	$920,000	-60.6%	8,035	-65.2%	0.02%	-62.1%
WM	Sell	WASTE MANAGEMENT INC	$898,000	-44.9%	16,830	-48.5%	0.02%	-47.8%
CVS	Buy	CVS HEALTH CORP	$895,000	+6.7%	9,152	+5.3%	0.02%	0.0%
ESRX	Sell	EXPRESS SCRIPTS HOLDING CO	$833,000	-6.2%	9,534	-13.1%	0.02%	-8.0%
AMZN	Sell	AMAZON.COM INC	$759,000	+29.3%	1,123	-2.0%	0.02%	+23.5%
KMB	Buy	KIMBERLY CLARK CORP	$738,000	+19.0%	5,800	+1.9%	0.02%	+11.1%
DISCA	Buy	DISCOVERY COMMUNICATIONS NEW S	$721,000	+9.7%	27,020	+7.0%	0.02%	+5.3%
CAT	Sell	CATERPILLAR INC	$651,000	-2.4%	9,580	-6.1%	0.02%	-5.3%
LLY	Sell	LILLY ELI & CO	$656,000	-27.5%	7,790	-28.0%	0.02%	-30.8%
TDG	Sell	TRANSDIGM GROUP INC	$656,000	+1.4%	2,873	-5.7%	0.02%	0.0%
APA	Sell	APACHE CORP	$609,000	+5.5%	13,690	-7.1%	0.02%	0.0%
BAC	Sell	BANK OF AMERICA CORP	$604,000	-6.2%	35,881	-13.2%	0.02%	-11.1%
TWX	Buy	TIME WARNER INC NEW	$570,000	-1.6%	8,808	+4.5%	0.02%	-6.2%
MLM	Sell	MARTIN MARIETTA MATERIALS INC	$570,000	-36.9%	4,177	-29.8%	0.02%	-42.3%
C	Sell	CITIGROUP INC NEW	$543,000	-3.7%	10,487	-7.8%	0.02%	-6.2%
MCD	Sell	MCDONALD'S CORP	$525,000	+13.9%	4,442	-5.0%	0.01%	+7.7%
BDX	Buy	BECTON DICKINSON & CO	$512,000	+19.9%	3,322	+3.2%	0.01%	+16.7%
UNH	Buy	UNITEDHEALTH GROUP INC	$522,000	+2.8%	4,439	+1.5%	0.01%	0.0%
BA	Sell	BOEING CO	$480,000	+1.1%	3,321	-8.4%	0.01%	-7.1%
NKE	Buy	NIKE INC CL B	$469,000	+0.4%	7,500	+97.3%	0.01%	0.0%
MNST	Sell	MONSTER BEVERAGE CORP	$430,000	0.0%	2,885	-9.4%	0.01%	0.0%
ZBH	Sell	ZIMMER BIOMET HOLDINGS INc	$447,000	+2.1%	4,359	-6.5%	0.01%	0.0%
KHC	Sell	KRAFT HEINZ CO	$447,000	-0.9%	6,148	-3.8%	0.01%	-7.7%
ORCL	Sell	ORACLE CORP	$414,000	-24.3%	11,339	-25.2%	0.01%	-31.2%
LLTC	Sell	LINEAR TECHNOLOGY CORP	$391,000	-40.5%	9,210	-43.5%	0.01%	-42.1%
HSY	Sell	HERSHEY CO	$367,000	-8.7%	4,115	-6.0%	0.01%	-9.1%
TGT	Sell	TARGET CORP	$362,000	-15.6%	4,992	-8.4%	0.01%	-16.7%
COH	Sell	COACH INC	$372,000	-71.2%	11,360	-74.6%	0.01%	-73.0%
NEE	Buy	NEXTERA ENERGY INC	$373,000	+12.3%	3,592	+5.4%	0.01%	+11.1%
MMC	Sell	MARSH & MCLENNAN COMPANIES, IN	$378,000	+4.7%	6,809	-1.4%	0.01%	0.0%
RAI	Sell	REYNOLDS AMERICAN INC	$387,000	-21.8%	8,394	-24.9%	0.01%	-28.6%
LBTYK	Sell	LIBERTY GLOBAL PLC SHS CL C	$330,000	-18.1%	8,100	-17.6%	0.01%	-18.2%
EMC	Sell	E M C CORP	$323,000	-6.9%	12,563	-12.5%	0.01%	-10.0%
DD	Sell	DU PONT, (E.I.)	$331,000	+8.2%	4,972	-21.7%	0.01%	0.0%
GWW	Sell	GRAINGER (W.W.), INC	$308,000	-18.5%	1,520	-13.5%	0.01%	-27.3%
UL	Sell	UNILEVER PLC SPON ADR NEW	$311,000	+0.6%	7,220	-4.7%	0.01%	-11.1%
UNP	Buy	UNION PACIFIC CORP	$312,000	+7.6%	3,990	+21.5%	0.01%	0.0%
CLX	Buy	CLOROX CO	$279,000	+34.1%	2,202	+22.2%	0.01%	+33.3%
WBC	Sell	WABCO HOLDINGS INC	$297,000	-16.6%	2,900	-14.7%	0.01%	-20.0%
BIIB	Sell	BIOGEN INC	$294,000	-14.0%	960	-18.1%	0.01%	-20.0%
DE	Sell	DEERE & CO	$267,000	-5.0%	3,499	-7.9%	0.01%	-12.5%
ED	Sell	CONSOLIDATED EDISON INC	$259,000	-39.3%	4,034	-36.8%	0.01%	-41.7%
EPD	Sell	ENTERPRISE PRODUCTS PARTNERS	$247,000	-5.0%	9,648	-7.7%	0.01%	0.0%
SCHW	Sell	CHARLES SCHWAB CORP NEW	$263,000	+14.3%	7,982	-0.8%	0.01%	0.0%
CCP	Sell	CARE CAPITAL PROPERTIES INC	$271,000	-59.2%	8,861	-56.1%	0.01%	-63.2%
GGG	Sell	GRACO INC	$215,000	-5.3%	2,984	-11.8%	0.01%	0.0%
TEVA	New	TEVA PHARMACEUTICAL INDUSTRIES	$211,000	–	3,221	–	0.01%	–
AGN	Sell	ALLERGAN PLC SHS	$215,000	-21.0%	689	-31.0%	0.01%	-25.0%
PAYX	New	PAYCHEX INC	$218,000	–	4,113	–	0.01%	–
BK	Sell	BANK OF NEW YORK MELLON CORP	$235,000	-19.0%	5,701	-23.1%	0.01%	-25.0%
JCI	Sell	JOHNSON CONTROLS INC	$211,000	-31.0%	5,340	-27.7%	0.01%	-33.3%
PJT	New	PJT PARTNERS INC CL A	$234,000	–	8,282	–	0.01%	–
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$205,000	-6.0%	2,405	-8.4%	0.01%	0.0%
D	Buy	DOMINION RESOURCES INC	$219,000	+7.9%	3,234	+12.1%	0.01%	0.0%
TRV	Sell	TRAVELERS COMPANIES INC	$236,000	+1.3%	2,087	-10.9%	0.01%	-14.3%
BJRI	Sell	BJS RESTAURANTS INC	$217,000	-33.6%	5,000	-34.2%	0.01%	-33.3%
APC	Buy	ANADARKO PETROLEUM CORP	$216,000	-19.1%	4,445	+0.6%	0.01%	-25.0%
AKRXQ	New	AKORN INC	$224,000	–	6,000	–	0.01%	–
QRTEA	Sell	LIBERTY INTERACTIVE CORP SER A	$203,000	-1.0%	7,419	-5.1%	0.01%	-16.7%
HTZ	Sell	HERTZ GLOBAL HOLDINGS INC	$164,000	-43.6%	11,525	-33.7%	0.00%	-50.0%
ONTX	New	ONCONOVA THERAPEUTICS	$67,000	–	69,964	–	0.00%	–
BKEP	Sell	BLUEKNIGHT ENERGY PART UNIT	$57,000	-9.5%	10,192	-8.9%	0.00%	0.0%
CEQP	Exit	CRESTWOOD EQUITY PARTNERS LP	$0	–	-17,480	–	-0.00%	–
	Exit	BANCO SANTANDER S A NE REG SHS	$0	–	-16,216	–	-0.00%	–
NOK	Exit	NOKIA CORP SPON ADR	$0	–	-15,408	–	-0.00%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-13,415	–	-0.00%	–
KEY	Exit	KEYCORP NEW	$0	–	-13,797	–	-0.01%	–
JBLU	Exit	JETBLUE AIRWAYS CORP	$0	–	-8,439	–	-0.01%	–
FOXA	Exit	TWENTY FIRST CENTURY FOX CL A	$0	–	-7,620	–	-0.01%	–
CAM	Exit	CAMERON INTERNATIONAL CORP	$0	–	-3,470	–	-0.01%	–
HPQ	Exit	HEWLETT PACKARD CO	$0	–	-8,588	–	-0.01%	–
HBAN	Exit	HUNTINGTON BANCSHARES	$0	–	-18,535	–	-0.01%	–
FUN	Exit	CEDAR FAIR L P DEPOSITRY UNIT	$0	–	-4,052	–	-0.01%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-5,104	–	-0.01%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-12,150	–	-0.01%	–
MS	Exit	MORGAN STANLEY NEW	$0	–	-7,273	–	-0.01%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-2,642	–	-0.01%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-8,679	–	-0.01%	–
PPG	Exit	PPG INDUSTRIES INC	$0	–	-2,664	–	-0.01%	–
VRX	Exit	VALEANT PHARMACEUTICAL	$0	–	-1,469	–	-0.01%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-6,491	–	-0.01%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-3,125	–	-0.01%	–
	Exit	NESTLE S A SHS NOM NEW	$0	–	-3,625	–	-0.01%	–
EOG	Exit	EOG RESOURCES INC	$0	–	-4,238	–	-0.01%	–
ODFL	Exit	OLD DOMINION FREIGHT LINE	$0	–	-5,050	–	-0.01%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-18,143	–	-0.01%	–
HUBA	Exit	HUBBELL, INC CL A	$0	–	-4,247	–	-0.01%	–
HUBB	Exit	HUBBELL, INC CL B	$0	–	-7,906	–	-0.02%	–
CMCSK	Exit	COMCAST CORP SPL CL A (NON VOT	$0	–	-301,352	–	-0.49%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-43,555	–	-0.79%	–
GOOG	Exit	GOOGLE INC CL C	$0	–	-68,683	–	-1.19%	–

Q3 2015

			Value		Shares		↓ Weighting
DAL	Sell	DELTA AIR LINES, INC	$108,241,000	+8.1%	2,412,315	-1.1%	3.08%	+14.3%
UAL	Sell	UNITED CONTINENTAL HOLDINGS IN	$85,300,000	-0.7%	1,607,921	-0.7%	2.42%	+5.0%
GE	Buy	GENERAL ELECTRIC CO	$74,663,000	-2.4%	2,960,461	+2.9%	2.12%	+3.3%
V	Buy	VISA INC CL A	$71,571,000	+4.7%	1,027,440	+0.9%	2.04%	+10.7%
ILMN	Sell	ILLUMINA INC	$70,520,000	-22.6%	401,092	-3.9%	2.00%	-18.2%
GM	Buy	GENERAL MOTORS CO	$63,283,000	-6.9%	2,108,038	+3.4%	1.80%	-1.5%
CSCO	Buy	CISCO SYSTEMS INC	$61,011,000	-3.7%	2,324,239	+0.8%	1.74%	+1.9%
QCOM	Buy	QUALCOMM INC	$60,120,000	-8.1%	1,118,922	+7.1%	1.71%	-2.8%
3106PS	Buy	DELPHI AUTOMOTIVE PLC SHS	$59,485,000	-3.6%	782,287	+7.9%	1.69%	+1.9%
MSFT	Buy	MICROSOFT CORP	$58,077,000	+1.1%	1,312,167	+0.9%	1.65%	+6.9%
YUM	Sell	YUM BRANDS INC	$57,962,000	-11.5%	724,975	-0.3%	1.65%	-6.4%
MA	Buy	MASTERCARD INC CL A	$56,497,000	-3.3%	626,906	+0.3%	1.61%	+2.3%
HAR	Buy	HARMAN INTERNATIONAL INDS INC	$55,578,000	-16.4%	579,002	+3.6%	1.58%	-11.6%
AA	Buy	ALCOA INC	$54,828,000	-3.0%	5,675,728	+12.0%	1.56%	+2.6%
F	Buy	FORD MOTOR CO	$54,534,000	-6.5%	4,018,723	+3.4%	1.55%	-1.1%
EQIX	Sell	EQUINIX INC	$53,952,000	+7.0%	197,337	-0.6%	1.53%	+13.2%
BWA	Buy	BORG WARNER INC	$52,554,000	-19.6%	1,263,624	+9.9%	1.49%	-15.0%
LUV	Sell	SOUTHWEST AIRLINES CO	$51,462,000	+11.4%	1,352,838	-3.1%	1.46%	+17.8%
QGEN	Sell	QIAGEN NV ORD	$50,387,000	+3.7%	1,952,970	-0.4%	1.43%	+9.7%
NVS	Sell	NOVARTIS A G SPON ADR	$49,734,000	-7.0%	541,055	-0.5%	1.41%	-1.7%
DHR	Sell	DANAHER CORP DEL	$49,306,000	-0.9%	578,638	-0.4%	1.40%	+4.9%
AMGN	Sell	AMGEN, INC	$48,798,000	-12.5%	352,793	-2.9%	1.39%	-7.5%
TMO	Buy	THERMO FISHER SCIENTIFIC	$47,937,000	-4.6%	392,025	+1.2%	1.36%	+0.9%
DEO	Buy	DIAGEO PLC ADR	$45,704,000	-1.3%	424,012	+6.2%	1.30%	+4.3%
SRCL	Sell	STERICYCLE INC	$45,196,000	+3.6%	324,431	-0.5%	1.28%	+9.5%
CERN	Buy	CERNER CORP	$45,205,000	-10.6%	753,917	+3.0%	1.28%	-5.5%
VRSK	Sell	VERISK ANALYTICS INC	$44,965,000	+1.5%	608,371	-0.1%	1.28%	+7.3%
AL	Buy	AIR LEASE CORP CL A	$43,848,000	-3.3%	1,418,101	+6.0%	1.25%	+2.2%
MET	Buy	METLIFE INC	$43,769,000	-7.2%	928,286	+10.3%	1.24%	-1.8%
NSRGY	Buy	NESTLE S A SPON ADR	$42,382,000	+8.1%	565,341	+4.2%	1.20%	+14.3%
GOOG	Buy	GOOGLE INC CL C	$41,788,000	+18.0%	68,683	+1.0%	1.19%	+24.8%
HFC	Buy	HOLLYFRONTIER CORP	$39,633,000	+14.7%	811,482	+0.2%	1.13%	+21.3%
ECL	Sell	ECOLAB INC	$35,841,000	-3.6%	326,655	-0.6%	1.02%	+2.0%
CELG	Sell	CELGENE CORP	$35,390,000	-10.0%	327,166	-3.7%	1.01%	-4.9%
PEP	Sell	PEPSICO INC	$35,260,000	-3.5%	373,917	-4.4%	1.00%	+2.1%
VLO	Buy	VALERO ENERGY CORP	$34,235,000	-3.1%	569,642	+0.9%	0.97%	+2.4%
	Buy	HUDSONS BAY CO NEW	$33,800,000	-12.8%	1,994,096	+14.3%	0.96%	-7.9%
AXP	Buy	AMERICAN EXPRESS CO	$32,901,000	+9.7%	443,824	+15.0%	0.94%	+16.0%
DNKN	Sell	DUNKIN BRANDS GROUP INC	$32,385,000	-12.7%	660,921	-2.0%	0.92%	-7.6%
MCHP	Sell	MICROCHIP TECHNOLOGY INC	$32,365,000	-14.2%	751,097	-5.6%	0.92%	-9.3%
XRAY	Sell	DENTSPLY INTL INC NEW	$31,485,000	-3.2%	622,600	-1.3%	0.90%	+2.4%
INTC	Buy	INTEL CORP	$30,185,000	+1.2%	1,001,491	+2.1%	0.86%	+7.0%
NCR	Sell	NCR CORP	$29,553,000	-25.1%	1,299,024	-0.9%	0.84%	-20.8%
GLW	Sell	CORNING INC	$29,088,000	-13.3%	1,699,075	-0.1%	0.83%	-8.3%
PX	Buy	PRAXAIR INC	$28,011,000	-11.7%	274,992	+3.6%	0.80%	-6.7%
IHS	Sell	IHS INC CL A	$27,959,000	-9.8%	241,030	-0.0%	0.80%	-4.7%
GOOGL	Sell	GOOGLE INC CL A	$27,804,000	+17.8%	43,555	-0.3%	0.79%	+24.8%
PRU	Buy	PRUDENTIAL FINANCIAL INC	$27,070,000	+580.2%	355,200	+681.0%	0.77%	+619.6%
MRK	Sell	MERCK & CO INC NEW	$26,694,000	-22.4%	540,464	-10.5%	0.76%	-17.9%
PAY	Sell	VERIFONE SYSTEMS INC	$26,625,000	-24.0%	960,134	-6.9%	0.76%	-19.6%
MPC	Sell	MARATHON PETROLEUM CORP	$26,000,000	-11.5%	561,191	-0.0%	0.74%	-6.5%
BKU	Buy	BANKUNITED INC	$25,905,000	+33.0%	724,608	+33.6%	0.74%	+40.6%
JPM	Buy	JPMORGAN CHASE & CO	$25,726,000	-9.2%	421,937	+0.9%	0.73%	-4.1%
SSYS	Buy	STRATASYS LTD SHS	$25,698,000	-2.5%	970,113	+28.6%	0.73%	+3.1%
TRI	Sell	THOMSON REUTERS CORP	$25,221,000	+4.2%	626,451	-1.5%	0.72%	+10.1%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$24,543,000	-15.6%	414,581	-5.1%	0.70%	-10.7%
DGI	Buy	DIGITALGLOBE INC NEW	$24,178,000	-12.1%	1,271,211	+28.4%	0.69%	-7.2%
USB	Buy	US BANCORP DEL NEW	$23,706,000	+79.0%	578,057	+89.4%	0.67%	+89.3%
VFC	Buy	V F CORP	$23,489,000	+14.7%	344,366	+17.3%	0.67%	+21.2%
APD	Sell	AIR PRODUCTS & CHEMICALS INC	$23,115,000	-7.7%	181,184	-1.0%	0.66%	-2.4%
AMT	Sell	AMERICAN TOWER CORP REIT	$23,042,000	-15.5%	261,898	-10.4%	0.66%	-10.6%
ACN	Sell	ACCENTURE PLC IRELAND SHS CLAS	$22,426,000	+0.6%	228,230	-0.9%	0.64%	+6.5%
TGNA	Sell	TEGNA INC	$21,876,000	-30.8%	977,036	-1.0%	0.62%	-26.9%
XPO	Buy	XPO LOGISTICS INC	$20,973,000	-35.8%	880,100	+21.7%	0.60%	-32.1%
ETN	Buy	EATON CORP PLC SHS	$20,652,000	-22.8%	402,570	+1.6%	0.59%	-18.4%
ABCO	Buy	ADVISORY BOARD CO	$20,453,000	-12.1%	449,128	+5.5%	0.58%	-7.0%
HAIN	Buy	HAIN CELESTIAL GROUP INC	$20,161,000	-19.8%	390,711	+2.4%	0.57%	-15.1%
VTR	Sell	VENTAS INC	$20,042,000	-31.8%	357,511	-24.4%	0.57%	-27.8%
MANH	Sell	MANHATTAN ASSOCIATES INC	$19,778,000	+4.0%	317,462	-0.5%	0.56%	+9.8%
NVO	Sell	NOVO-NORDISK A S ADR	$19,448,000	-1.2%	358,553	-0.3%	0.55%	+4.5%
BX	Sell	BLACKSTONE GROUP L P UNIT LTD	$19,141,000	-23.1%	604,399	-0.7%	0.54%	-18.7%
NLSN	New	NIELSEN HOLDINGS PLC	$18,943,000	–	425,961	–	0.54%	–
SNY	Sell	SANOFI SPONSORED ADR	$18,396,000	-8.1%	387,534	-4.1%	0.52%	-2.8%
HON	Buy	HONEYWELL INTL INC	$18,199,000	+4.1%	192,195	+12.1%	0.52%	+10.0%
CMCSK	Sell	COMCAST CORP SPL CL A (NON VOT	$17,249,000	-10.6%	301,352	-6.4%	0.49%	-5.6%
YHOO	Buy	YAHOO INC	$17,213,000	-17.9%	595,402	+11.6%	0.49%	-13.3%
EXPD	Sell	EXPEDITORS INTL OF WASHINGTON	$17,052,000	-13.8%	362,428	-15.5%	0.48%	-8.8%
DIS	Sell	DISNEY (WALT) CO	$16,711,000	-19.0%	163,508	-9.6%	0.48%	-14.4%
AAL	Buy	AMERICAN AIRLINES GROUP INC	$15,969,000	+4.2%	411,253	+7.1%	0.45%	+10.2%
M	Buy	MACYS INC	$15,795,000	-6.4%	307,777	+23.0%	0.45%	-1.1%
ITW	Sell	ILLINOIS TOOL WORKS INC	$15,572,000	-16.4%	189,182	-6.8%	0.44%	-11.6%
PYPL	New	PAYPAL HOLDINGS INC	$15,585,000	–	502,100	–	0.44%	–
ZTS	Sell	ZOETIS INC CL A	$15,297,000	-15.6%	371,475	-1.2%	0.44%	-10.9%
WFM	Buy	WHOLE FOODS MARKET INC	$15,097,000	-2.7%	477,001	+21.2%	0.43%	+2.9%
BBT	Buy	BB&T CORP	$14,898,000	+173.5%	418,480	+209.6%	0.42%	+190.4%
SYF	Buy	SYNCHRONY FINANCIAL	$14,751,000	+28.6%	471,268	+35.3%	0.42%	+36.0%
LUXTY	Sell	LUXOTTICA GROUP S P A SPON ADR	$14,592,000	-11.0%	210,628	-14.6%	0.42%	-5.9%
AVB	Sell	AVALONBAY COMMUNITIES INC	$14,613,000	-4.3%	83,588	-12.5%	0.42%	+1.2%
SBUX	Sell	STARBUCKS CORP	$13,260,000	+1.9%	233,294	-3.9%	0.38%	+7.7%
SJM	Buy	SMUCKER J M CO NEW	$13,110,000	+146.7%	114,911	+134.4%	0.37%	+160.8%
UN	Sell	UNILEVER N.V. (NY SHS)	$12,722,000	-11.9%	316,465	-8.4%	0.36%	-6.7%
PINC	Buy	PREMIER INC CL A	$12,707,000	-1.6%	369,712	+10.1%	0.36%	+4.0%
JWN	Buy	NORDSTROM, INC	$12,711,000	+13.4%	177,255	+17.8%	0.36%	+19.9%
FB	Buy	FACEBOOK INC CL A	$12,608,000	+8.1%	140,247	+3.1%	0.36%	+14.0%
CL	Sell	COLGATE PALMOLIVE CO	$12,233,000	-6.3%	192,768	-3.4%	0.35%	-0.9%
FAST	Buy	FASTENAL CO	$12,189,000	-7.0%	332,934	+7.2%	0.35%	-1.4%
SLB	Sell	SCHLUMBERGER LTD	$12,117,000	-28.5%	175,678	-10.6%	0.34%	-24.3%
VZ	Sell	VERIZON COMMUNICATIONS INC	$11,344,000	-18.1%	260,713	-12.3%	0.32%	-13.2%
SWK	Buy	STANLEY BLACK & DECKER	$11,325,000	-7.4%	116,777	+0.5%	0.32%	-2.1%
LVLT	Buy	LEVEL 3 COMMUNICATIONS NEW	$11,064,000	-15.6%	253,242	+1.8%	0.32%	-10.5%
VMC	Buy	VULCAN MATERIALS CO	$10,815,000	+16.8%	121,246	+9.9%	0.31%	+23.3%
EBAY	Sell	EBAY INC	$10,649,000	-64.9%	435,721	-13.5%	0.30%	-62.9%
AAPL	Sell	APPLE INC	$10,488,000	-20.2%	95,083	-9.3%	0.30%	-15.8%
PNR	Buy	PENTAIR PLC SHS	$9,708,000	-20.1%	190,204	+7.7%	0.28%	-15.3%
LAMR	Sell	LAMAR ADVERTISING CO N CL A	$9,311,000	-29.9%	178,432	-22.8%	0.26%	-25.8%
JNJ	Sell	JOHNSON & JOHNSON	$8,151,000	-13.6%	87,316	-9.8%	0.23%	-8.7%
PRGO	Sell	PERRIGO CO PCL SHS	$7,881,000	-16.3%	50,113	-1.7%	0.22%	-11.5%
MDLZ	Sell	MONDELEZ INTL INC CL A	$7,766,000	-35.3%	185,476	-36.4%	0.22%	-31.6%
MMM	Sell	3M CO	$7,742,000	-27.9%	54,611	-21.5%	0.22%	-23.9%
DANOY	Sell	DANONE SPONSORED ADR	$7,645,000	-4.3%	606,955	-1.8%	0.22%	+0.9%
IBM	Sell	INTERNATIONAL BUSINESS MACHINE	$7,603,000	-12.3%	52,446	-1.6%	0.22%	-7.3%
CLB	Sell	CORE LABORATORIES N V	$7,356,000	-22.6%	73,707	-11.6%	0.21%	-18.4%
ADBE	Buy	ADOBE SYSTEMS, INC	$6,475,000	+1.5%	78,751	+0.0%	0.18%	+7.0%
CVX	Buy	CHEVRON CORP NEW	$6,451,000	-17.9%	81,784	+0.4%	0.18%	-13.3%
DDD	Buy	3-D SYSTEMS CORP NEW	$6,409,000	+29.0%	554,918	+118.0%	0.18%	+35.8%
GCI	Sell	GANNETT SPINCO INC (NEW)	$6,271,000	-9.1%	425,704	-13.7%	0.18%	-4.3%
KO	Sell	COCA-COLA CO	$5,994,000	-28.4%	149,396	-30.0%	0.17%	-24.4%
ABT	Sell	ABBOTT LABORATORIES	$5,848,000	-47.5%	145,392	-36.0%	0.17%	-44.7%
XOM	Buy	EXXON MOBIL CORP	$5,780,000	-4.5%	77,735	+6.8%	0.16%	+0.6%
AMTD	New	TD AMERITRADE HOLDING CORP	$5,701,000	–	179,063	–	0.16%	–
EL	Sell	LAUDER ESTEE COS INC CL A	$5,232,000	-15.6%	64,851	-9.3%	0.15%	-10.8%
VOD	Sell	VODAFONE GROUP PLC NEW SPNSR A	$4,955,000	-22.1%	156,108	-10.5%	0.14%	-17.5%
PG	Sell	PROCTER & GAMBLE CO	$4,930,000	-26.6%	68,532	-20.2%	0.14%	-22.7%
DISCK	Sell	DISCOVERY COMMUNICATIONS NEW S	$4,723,000	-22.7%	194,443	-1.1%	0.13%	-18.3%
AIG	Sell	AMERICAN INTL GROUP NEW	$4,138,000	-8.5%	72,821	-0.4%	0.12%	-3.3%
PLD	Sell	PROLOGIS INC	$4,155,000	-30.9%	106,818	-34.1%	0.12%	-27.2%
TU	Sell	TELUS CORP	$4,126,000	-21.3%	130,820	-14.0%	0.12%	-17.0%
FDX	Sell	FEDEX CORP	$3,642,000	-18.6%	25,293	-3.6%	0.10%	-13.3%
EMR	Sell	EMERSON ELECTRIC CO	$3,631,000	-39.7%	82,209	-24.3%	0.10%	-36.4%
PCP	Buy	PRECISION CASTPARTS CORP	$3,564,000	+228.2%	15,517	+185.5%	0.10%	+248.3%
CMCSA	Buy	COMCAST CORP CL A	$3,375,000	-3.6%	59,334	+1.9%	0.10%	+2.1%
PFE	Buy	PFIZER INC	$3,028,000	-1.1%	96,416	+5.6%	0.09%	+4.9%
UPS	Sell	UNITED PARCEL SERVICE CL B	$2,976,000	-4.6%	30,154	-6.3%	0.08%	+1.2%
UTX	Sell	UNITED TECHNOLOGIES CORP	$2,946,000	-26.2%	33,105	-8.0%	0.08%	-21.5%
ADP	Sell	AUTOMATIC DATA PROCESSING	$2,880,000	-3.1%	35,844	-3.3%	0.08%	+2.5%
STAR	Sell	ISTAR INC	$2,861,000	-6.3%	227,410	-0.8%	0.08%	-1.2%
LB	Buy	L BRANDS INC	$2,729,000	+6.0%	30,281	+0.9%	0.08%	+13.0%
CRS	Sell	CARPENTER TECHNOLOGY CORP	$2,548,000	-25.0%	85,601	-2.5%	0.07%	-20.9%
WFC	Buy	WELLS FARGO & CO NEW	$2,428,000	+4.4%	47,276	+14.3%	0.07%	+9.5%
VC	Sell	VISTEON CORP NEW	$2,336,000	-38.8%	23,070	-36.6%	0.07%	-35.9%
T	Buy	AT&T INC	$1,626,000	+4.2%	49,896	+13.6%	0.05%	+9.5%
WM	Sell	WASTE MANAGEMENT INC	$1,629,000	-42.2%	32,700	-46.2%	0.05%	-39.5%
MKC	Sell	MCCORMICK & CO INC	$1,574,000	-12.0%	19,156	-13.3%	0.04%	-6.2%
DOW	Sell	DOW CHEMICAL CO	$1,431,000	-27.0%	33,750	-11.8%	0.04%	-22.6%
GILD	Sell	GILEAD SCIENCES INC	$1,334,000	-18.5%	13,581	-2.9%	0.04%	-13.6%
ABBV	Sell	ABBVIE INC	$1,337,000	-22.8%	24,575	-4.7%	0.04%	-19.1%
COH	Sell	COACH INC	$1,293,000	-28.0%	44,694	-13.9%	0.04%	-22.9%
MO	Buy	ALTRIA GROUP INC	$1,303,000	+32.4%	23,955	+19.1%	0.04%	+42.3%
BRKB	Buy	BERKSHIRE HATHAWAY INC CL B NE	$1,248,000	+3.3%	9,570	+7.9%	0.04%	+9.4%
COST	Buy	COSTCO WHOLESALE CORP NEW	$1,182,000	+12.4%	8,178	+5.0%	0.03%	+21.4%
CB	Buy	CHUBB CORP	$1,007,000	+29.8%	8,208	+0.6%	0.03%	+38.1%
PM	Sell	PHILIP MORRIS INTL INC	$1,002,000	-11.6%	12,630	-10.6%	0.03%	-6.7%
MLM	Buy	MARTIN MARIETTA MATERIALS INC	$904,000	+18.3%	5,947	+10.1%	0.03%	+23.8%
HD	Buy	HOME DEPOT INC	$915,000	+23.0%	7,923	+18.4%	0.03%	+30.0%
LLY	Buy	LILLY ELI & CO	$905,000	+111.9%	10,818	+111.3%	0.03%	+136.4%
ESRX	Sell	EXPRESS SCRIPTS HOLDING CO	$888,000	-16.3%	10,965	-8.1%	0.02%	-13.8%
CVS	Buy	CVS HEALTH CORP	$839,000	+22.7%	8,691	+33.2%	0.02%	+33.3%
HUBB	Sell	HUBBELL, INC CL B	$672,000	-26.2%	7,906	-5.9%	0.02%	-20.8%
LLTC	Sell	LINEAR TECHNOLOGY CORP	$657,000	-82.7%	16,290	-81.0%	0.02%	-81.4%
CAT	Sell	CATERPILLAR INC	$667,000	-24.4%	10,206	-1.9%	0.02%	-20.8%
URI	New	UNITED RENTALS INC	$681,000	–	11,338	–	0.02%	–
DISCA	Sell	DISCOVERY COMMUNICATIONS NEW S	$657,000	-25.2%	25,245	-4.4%	0.02%	-20.8%
CCP	New	CARE CAPITAL PROPERTIES INC	$664,000	–	20,165	–	0.02%	–
BAC	Buy	BANK OF AMERICA CORP	$644,000	-1.4%	41,322	+7.7%	0.02%	0.0%
TDG	Sell	TRANSDIGM GROUP INC	$647,000	-8.7%	3,048	-3.4%	0.02%	-5.3%
KMB	Buy	KIMBERLY CLARK CORP	$620,000	+8.0%	5,690	+5.0%	0.02%	+20.0%
AMZN	Buy	AMAZON.COM INC	$587,000	+36.2%	1,146	+15.4%	0.02%	+41.7%
APA	Sell	APACHE CORP	$577,000	-35.7%	14,735	-5.3%	0.02%	-33.3%
ORCL	Buy	ORACLE CORP	$547,000	-6.2%	15,157	+4.8%	0.02%	0.0%
C	Buy	CITIGROUP INC NEW	$564,000	+43.5%	11,378	+60.1%	0.02%	+45.5%
TWX	Sell	TIME WARNER INC NEW	$579,000	-26.0%	8,428	-5.7%	0.02%	-23.8%
BA	Sell	BOEING CO	$475,000	-17.5%	3,625	-12.7%	0.01%	-6.7%
RAI	New	REYNOLDS AMERICAN INC	$495,000	–	11,180	–	0.01%	–
UNH	Buy	UNITEDHEALTH GROUP INC	$508,000	+9.5%	4,375	+15.2%	0.01%	+16.7%
MCD	Sell	MCDONALD'S CORP	$461,000	-7.4%	4,677	-10.6%	0.01%	0.0%
NKE	Sell	NIKE INC CL B	$467,000	+8.1%	3,801	-5.0%	0.01%	+8.3%
HUBA	Sell	HUBBELL, INC CL A	$459,000	-32.5%	4,247	-32.7%	0.01%	-27.8%
LUMN	Sell	CENTURYLINK INC	$456,000	-23.7%	18,143	-10.9%	0.01%	-18.8%
KHC	New	KRAFT HEINZ CO	$451,000	–	6,391	–	0.01%	–
TGT	Buy	TARGET CORP	$429,000	-2.3%	5,450	+1.4%	0.01%	0.0%
BDX	Sell	BECTON DICKINSON & CO	$427,000	-14.3%	3,218	-8.4%	0.01%	-7.7%
ZBH	Sell	ZIMMER BIOMET HOLDINGS INc	$438,000	-14.5%	4,662	-0.4%	0.01%	-14.3%
ED	Buy	CONSOLIDATED EDISON INC	$427,000	+15.7%	6,383	+0.2%	0.01%	+20.0%
GWW	Sell	GRAINGER (W.W.), INC	$378,000	-10.8%	1,757	-1.8%	0.01%	0.0%
LBTYK	Sell	LIBERTY GLOBAL PLC SHS CL C	$403,000	-24.5%	9,828	-6.8%	0.01%	-21.4%
EMC	Buy	E M C CORP	$347,000	-0.3%	14,353	+9.0%	0.01%	+11.1%
MMC	Sell	MARSH & MCLENNAN COMPANIES, IN	$361,000	-15.5%	6,909	-8.2%	0.01%	-9.1%
BIIB	Sell	BIOGEN INC	$342,000	-28.6%	1,172	-1.3%	0.01%	-23.1%
WBC	Sell	WABCO HOLDINGS INC	$356,000	-24.9%	3,400	-11.2%	0.01%	-23.1%
NEE	Buy	NEXTERA ENERGY INC	$332,000	+12.2%	3,407	+13.0%	0.01%	+12.5%
UL	Sell	UNILEVER PLC SPON ADR NEW	$309,000	-19.5%	7,580	-15.1%	0.01%	-10.0%
BJRI	New	BJS RESTAURANTS INC	$327,000	–	7,600	–	0.01%	–
JCI	Sell	JOHNSON CONTROLS INC	$306,000	-26.4%	7,390	-11.9%	0.01%	-18.2%
DD	Sell	DU PONT, (E.I.)	$306,000	-36.8%	6,347	-16.1%	0.01%	-30.8%
ODFL	Buy	OLD DOMINION FREIGHT LINE	$308,000	-9.7%	5,050	+1.5%	0.01%	0.0%
EOG	Buy	EOG RESOURCES INC	$309,000	-14.6%	4,238	+2.4%	0.01%	-10.0%
AGN	Buy	ALLERGAN PLC SHS	$272,000	+25.9%	999	+40.5%	0.01%	+33.3%
HTZ	Sell	HERTZ GLOBAL HOLDINGS INC	$291,000	-12.3%	17,375	-5.2%	0.01%	-11.1%
UNP	Buy	UNION PACIFIC CORP	$290,000	-0.3%	3,283	+7.7%	0.01%	0.0%
DE	Buy	DEERE & CO	$281,000	-20.4%	3,799	+4.4%	0.01%	-11.1%
BK	Sell	BANK OF NEW YORK MELLON CORP	$290,000	-23.9%	7,411	-18.3%	0.01%	-20.0%
APC	Buy	ANADARKO PETROLEUM CORP	$267,000	-13.3%	4,419	+12.2%	0.01%	0.0%
	New	NESTLE S A SHS NOM NEW	$272,000	–	3,625	–	0.01%	–
SYMC	Sell	SYMANTEC CORP	$237,000	-45.8%	12,150	-35.3%	0.01%	-41.7%
PPG	Buy	PPG INDUSTRIES INC	$234,000	-7.9%	2,664	+20.3%	0.01%	0.0%
PNC	New	PNC FINANCIAL SERVICES GROUP	$236,000	–	2,642	–	0.01%	–
MS	Buy	MORGAN STANLEY NEW	$229,000	-7.3%	7,273	+14.3%	0.01%	0.0%
TRV	New	TRAVELERS COMPANIES INC	$233,000	–	2,343	–	0.01%	–
KMI	Buy	KINDER MORGAN INC	$240,000	-13.4%	8,679	+20.4%	0.01%	0.0%
VRX	New	VALEANT PHARMACEUTICAL	$262,000	–	1,469	–	0.01%	–
HCA	Buy	HCA HOLDINGS INC	$242,000	-11.0%	3,125	+4.2%	0.01%	0.0%
EPD	Buy	ENTERPRISE PRODUCTS PARTNERS	$260,000	+5.3%	10,450	+26.2%	0.01%	0.0%
WMB	New	WILLIAMS COS INC DEL	$239,000	–	6,491	–	0.01%	–
COP	Buy	CONOCOPHILLIPS	$245,000	-15.2%	5,104	+8.5%	0.01%	-12.5%
SCHW	Buy	CHARLES SCHWAB CORP NEW	$230,000	0.0%	8,043	+14.2%	0.01%	+16.7%
FOXA	Sell	TWENTY FIRST CENTURY FOX CL A	$206,000	-25.6%	7,620	-10.4%	0.01%	-14.3%
FUN	New	CEDAR FAIR L P DEPOSITRY UNIT	$213,000	–	4,052	–	0.01%	–
CAM	Sell	CAMERON INTERNATIONAL CORP	$213,000	-13.4%	3,470	-26.0%	0.01%	-14.3%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$218,000	-3.1%	2,625	-1.3%	0.01%	0.0%
CLX	New	CLOROX CO	$208,000	–	1,802	–	0.01%	–
D	New	DOMINION RESOURCES INC	$203,000	–	2,884	–	0.01%	–
GGG	Sell	GRACO INC	$227,000	-13.4%	3,384	-8.1%	0.01%	-14.3%
JBLU	Sell	JETBLUE AIRWAYS CORP	$217,000	+4.3%	8,439	-15.6%	0.01%	0.0%
KEY	Buy	KEYCORP NEW	$179,000	-13.1%	13,797	+0.8%	0.01%	-16.7%
OPK	Sell	OPKO HEALTH INC	$126,000	-60.9%	15,000	-25.0%	0.00%	-55.6%
NOK	Sell	NOKIA CORP SPON ADR	$104,000	-36.6%	15,408	-35.8%	0.00%	-25.0%
CHK	Sell	CHESAPEAKE ENERGY CORP	$98,000	-48.1%	13,415	-20.7%	0.00%	-40.0%
TRST	Sell	TRUSTCO BK CORP N Y	$117,000	-33.5%	20,000	-20.0%	0.00%	-40.0%
SALM	New	SALEM MEDIA GROUP INC CL A	$92,000	–	15,000	–	0.00%	–
	New	BANCO SANTANDER S A NE REG SHS	$83,000	–	16,216	–	0.00%	–
BKEP	New	BLUEKNIGHT ENERGY PART UNIT	$63,000	–	11,192	–	0.00%	–
CEQP	New	CRESTWOOD EQUITY PARTNERS LP	$40,000	–	17,480	–	0.00%	–
ALIF	Exit	ARTIFICIAL LIFE INC	$0	–	-40,000	–	0.00%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-2,836	–	-0.01%	–
CSX	Exit	CSX CORP	$0	–	-6,216	–	-0.01%	–
REGN	Exit	REGENERON PHARMA INC	$0	–	-403	–	-0.01%	–
WWAV	Exit	WHITEWAVE FOODS CO CL A	$0	–	-4,784	–	-0.01%	–
MAS	Exit	MASCO CORP	$0	–	-9,000	–	-0.01%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL A	$0	–	-1	–	-0.01%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,926	–	-0.01%	–
TXT	Exit	TEXTRON INC	$0	–	-6,740	–	-0.01%	–
SON	Exit	SONOCO PRODUCTS CO	$0	–	-7,419	–	-0.01%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-6,918	–	-0.02%	–
NLSN	Exit	NIELSEN N V	$0	–	-428,096	–	-0.52%	–

Q2 2015

			Value		Shares		↓ Weighting
DAL	New	DELTA AIR LINES, INC	$100,170,000	–	2,438,419	–	2.69%	–
ILMN	New	ILLUMINA INC	$91,165,000	–	417,498	–	2.45%	–
UAL	New	UNITED CONTINENTAL HOLDINGS IN	$85,869,000	–	1,619,866	–	2.31%	–
GE	New	GENERAL ELECTRIC CO	$76,477,000	–	2,878,306	–	2.06%	–
V	New	VISA INC CL A	$68,359,000	–	1,017,998	–	1.84%	–
GM	New	GENERAL MOTORS CO	$67,953,000	–	2,038,796	–	1.83%	–
HAR	New	HARMAN INTERNATIONAL INDS INC	$66,473,000	–	558,880	–	1.79%	–
YUM	New	YUM BRANDS INC	$65,491,000	–	727,031	–	1.76%	–
QCOM	New	QUALCOMM INC	$65,430,000	–	1,044,700	–	1.76%	–
BWA	New	BORG WARNER INC	$65,367,000	–	1,150,022	–	1.76%	–
CSCO	New	CISCO SYSTEMS INC	$63,341,000	–	2,306,652	–	1.70%	–
3106PS	New	DELPHI AUTOMOTIVE PLC SHS	$61,686,000	–	724,949	–	1.66%	–
MA	New	MASTERCARD INC CL A	$58,405,000	–	624,784	–	1.57%	–
F	New	FORD MOTOR CO	$58,334,000	–	3,886,316	–	1.57%	–
MSFT	New	MICROSOFT CORP	$57,419,000	–	1,300,540	–	1.54%	–
AA	New	ALCOA INC	$56,504,000	–	5,067,617	–	1.52%	–
AMGN	New	AMGEN, INC	$55,796,000	–	363,445	–	1.50%	–
NVS	New	NOVARTIS A G SPON ADR	$53,500,000	–	544,032	–	1.44%	–
CERN	New	CERNER CORP	$50,572,000	–	732,295	–	1.36%	–
EQIX	New	EQUINIX INC	$50,407,000	–	198,454	–	1.36%	–
TMO	New	THERMO FISHER SCIENTIFIC	$50,261,000	–	387,339	–	1.35%	–
DHR	New	DANAHER CORP DEL	$49,730,000	–	581,021	–	1.34%	–
QGEN	New	QIAGEN NV ORD	$48,590,000	–	1,960,048	–	1.31%	–
MET	New	METLIFE INC	$47,141,000	–	841,959	–	1.27%	–
DEO	New	DIAGEO PLC ADR	$46,326,000	–	399,227	–	1.25%	–
LUV	New	SOUTHWEST AIRLINES CO	$46,202,000	–	1,396,255	–	1.24%	–
AL	New	AIR LEASE CORP CL A	$45,365,000	–	1,338,190	–	1.22%	–
VRSK	New	VERISK ANALYTICS INC	$44,316,000	–	609,065	–	1.19%	–
SRCL	New	STERICYCLE INC	$43,642,000	–	325,906	–	1.17%	–
NCR	New	NCR CORP	$39,465,000	–	1,311,127	–	1.06%	–
CELG	New	CELGENE CORP	$39,338,000	–	339,898	–	1.06%	–
NSRGY	New	NESTLE S A SPON ADR	$39,202,000	–	542,759	–	1.05%	–
	New	HUDSONS BAY CO NEW	$38,775,000	–	1,745,067	–	1.04%	–
MCHP	New	MICROCHIP TECHNOLOGY INC	$37,731,000	–	795,590	–	1.01%	–
ECL	New	ECOLAB INC	$37,174,000	–	328,774	–	1.00%	–
DNKN	New	DUNKIN BRANDS GROUP INC	$37,088,000	–	674,325	–	1.00%	–
PEP	New	PEPSICO INC	$36,523,000	–	391,285	–	0.98%	–
GOOG	New	GOOGLE INC CL C	$35,402,000	–	68,014	–	0.95%	–
VLO	New	VALERO ENERGY CORP	$35,333,000	–	564,427	–	0.95%	–
PAY	New	VERIFONE SYSTEMS INC	$35,018,000	–	1,031,142	–	0.94%	–
HFC	New	HOLLYFRONTIER CORP	$34,562,000	–	809,606	–	0.93%	–
MRK	New	MERCK & CO INC NEW	$34,386,000	–	604,002	–	0.92%	–
GLW	New	CORNING INC	$33,551,000	–	1,700,513	–	0.90%	–
XPO	New	XPO LOGISTICS INC	$32,664,000	–	722,985	–	0.88%	–
XRAY	New	DENTSPLY INTL INC NEW	$32,522,000	–	630,881	–	0.87%	–
PX	New	PRAXAIR INC	$31,739,000	–	265,489	–	0.85%	–
TGNA	New	TEGNA INC	$31,634,000	–	986,411	–	0.85%	–
IHS	New	IHS INC CL A	$31,005,000	–	241,039	–	0.83%	–
EBAY	New	EBAY INC	$30,342,000	–	503,688	–	0.82%	–
AXP	New	AMERICAN EXPRESS CO	$29,990,000	–	385,869	–	0.81%	–
INTC	New	INTEL CORP	$29,822,000	–	980,494	–	0.80%	–
VTR	New	VENTAS INC	$29,371,000	–	473,040	–	0.79%	–
MPC	New	MARATHON PETROLEUM CORP	$29,367,000	–	561,403	–	0.79%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$29,067,000	–	436,830	–	0.78%	–
JPM	New	JPMORGAN CHASE & CO	$28,334,000	–	418,151	–	0.76%	–
DGI	New	DIGITALGLOBE INC NEW	$27,517,000	–	990,170	–	0.74%	–
AMT	New	AMERICAN TOWER CORP REIT	$27,270,000	–	292,317	–	0.73%	–
ETN	New	EATON CORP PLC SHS	$26,734,000	–	396,117	–	0.72%	–
SSYS	New	STRATASYS LTD SHS	$26,358,000	–	754,606	–	0.71%	–
HAIN	New	HAIN CELESTIAL GROUP INC	$25,124,000	–	381,482	–	0.68%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$25,049,000	–	183,070	–	0.67%	–
BX	New	BLACKSTONE GROUP L P UNIT LTD	$24,883,000	–	608,823	–	0.67%	–
TRI	New	THOMSON REUTERS CORP	$24,216,000	–	636,091	–	0.65%	–
GOOGL	New	GOOGLE INC CL A	$23,599,000	–	43,699	–	0.63%	–
ABCO	New	ADVISORY BOARD CO	$23,266,000	–	425,570	–	0.63%	–
ACN	New	ACCENTURE PLC IRELAND SHS CLAS	$22,282,000	–	230,238	–	0.60%	–
YHOO	New	YAHOO INC	$20,960,000	–	533,474	–	0.56%	–
DIS	New	DISNEY (WALT) CO	$20,634,000	–	180,778	–	0.56%	–
VFC	New	V F CORP	$20,481,000	–	293,680	–	0.55%	–
SNY	New	SANOFI SPONSORED ADR	$20,015,000	–	404,093	–	0.54%	–
EXPD	New	EXPEDITORS INTL OF WASHINGTON	$19,783,000	–	429,077	–	0.53%	–
NVO	New	NOVO-NORDISK A S ADR	$19,686,000	–	359,502	–	0.53%	–
BKU	New	BANKUNITED INC	$19,484,000	–	542,265	–	0.52%	–
CMCSK	New	COMCAST CORP SPL CL A (NON VOT	$19,289,000	–	321,809	–	0.52%	–
NLSN	New	NIELSEN N V	$19,166,000	–	428,096	–	0.52%	–
MANH	New	MANHATTAN ASSOCIATES INC	$19,026,000	–	318,967	–	0.51%	–
ITW	New	ILLINOIS TOOL WORKS INC	$18,626,000	–	202,918	–	0.50%	–
ZTS	New	ZOETIS INC CL A	$18,133,000	–	376,054	–	0.49%	–
HON	New	HONEYWELL INTL INC	$17,483,000	–	171,455	–	0.47%	–
SLB	New	SCHLUMBERGER LTD	$16,943,000	–	196,573	–	0.46%	–
M	New	MACYS INC	$16,881,000	–	250,202	–	0.45%	–
LUXTY	New	LUXOTTICA GROUP S P A SPON ADR	$16,396,000	–	246,746	–	0.44%	–
WFM	New	WHOLE FOODS MARKET INC	$15,521,000	–	393,522	–	0.42%	–
AAL	New	AMERICAN AIRLINES GROUP INC	$15,328,000	–	383,830	–	0.41%	–
AVB	New	AVALONBAY COMMUNITIES INC	$15,265,000	–	95,484	–	0.41%	–
UN	New	UNILEVER N.V. (NY SHS)	$14,448,000	–	345,313	–	0.39%	–
VZ	New	VERIZON COMMUNICATIONS INC	$13,849,000	–	297,126	–	0.37%	–
LAMR	New	LAMAR ADVERTISING CO N CL A	$13,279,000	–	231,028	–	0.36%	–
USB	New	US BANCORP DEL NEW	$13,243,000	–	305,142	–	0.36%	–
AAPL	New	APPLE INC	$13,150,000	–	104,840	–	0.35%	–
LVLT	New	LEVEL 3 COMMUNICATIONS NEW	$13,105,000	–	248,815	–	0.35%	–
FAST	New	FASTENAL CO	$13,105,000	–	310,684	–	0.35%	–
CL	New	COLGATE PALMOLIVE CO	$13,055,000	–	199,584	–	0.35%	–
SBUX	New	STARBUCKS CORP	$13,019,000	–	242,832	–	0.35%	–
PINC	New	PREMIER INC CL A	$12,919,000	–	335,915	–	0.35%	–
SWK	New	STANLEY BLACK & DECKER	$12,225,000	–	116,162	–	0.33%	–
PNR	New	PENTAIR PLC SHS	$12,143,000	–	176,621	–	0.33%	–
MDLZ	New	MONDELEZ INTL INC CL A	$11,998,000	–	291,640	–	0.32%	–
FB	New	FACEBOOK INC CL A	$11,664,000	–	135,996	–	0.31%	–
SYF	New	SYNCHRONY FINANCIAL	$11,472,000	–	348,385	–	0.31%	–
JWN	New	NORDSTROM, INC	$11,207,000	–	150,433	–	0.30%	–
ABT	New	ABBOTT LABORATORIES	$11,142,000	–	227,014	–	0.30%	–
MMM	New	3M CO	$10,736,000	–	69,580	–	0.29%	–
CLB	New	CORE LABORATORIES N V	$9,508,000	–	83,378	–	0.26%	–
JNJ	New	JOHNSON & JOHNSON	$9,437,000	–	96,834	–	0.25%	–
PRGO	New	PERRIGO CO PCL SHS	$9,419,000	–	50,958	–	0.25%	–
VMC	New	VULCAN MATERIALS CO	$9,263,000	–	110,368	–	0.25%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$8,667,000	–	53,286	–	0.23%	–
KO	New	COCA-COLA CO	$8,374,000	–	213,464	–	0.22%	–
DANOY	New	DANONE SPONSORED ADR	$7,989,000	–	618,215	–	0.22%	–
CVX	New	CHEVRON CORP NEW	$7,855,000	–	81,426	–	0.21%	–
GCI	New	GANNETT SPINCO INC (NEW)	$6,900,000	–	493,197	–	0.19%	–
PG	New	PROCTER & GAMBLE CO	$6,716,000	–	85,837	–	0.18%	–
ADBE	New	ADOBE SYSTEMS, INC	$6,380,000	–	78,750	–	0.17%	–
VOD	New	VODAFONE GROUP PLC NEW SPNSR A	$6,357,000	–	174,413	–	0.17%	–
EL	New	LAUDER ESTEE COS INC CL A	$6,199,000	–	71,529	–	0.17%	–
DISCK	New	DISCOVERY COMMUNICATIONS NEW S	$6,108,000	–	196,517	–	0.16%	–
XOM	New	EXXON MOBIL CORP	$6,055,000	–	72,774	–	0.16%	–
PLD	New	PROLOGIS INC	$6,015,000	–	162,135	–	0.16%	–
EMR	New	EMERSON ELECTRIC CO	$6,019,000	–	108,591	–	0.16%	–
BBT	New	BB&T CORP	$5,448,000	–	135,155	–	0.15%	–
SJM	New	SMUCKER J M CO NEW	$5,314,000	–	49,022	–	0.14%	–
TU	New	TELUS CORP	$5,242,000	–	152,200	–	0.14%	–
DDD	New	3-D SYSTEMS CORP NEW	$4,970,000	–	254,595	–	0.13%	–
AIG	New	AMERICAN INTL GROUP NEW	$4,522,000	–	73,150	–	0.12%	–
FDX	New	FEDEX CORP	$4,472,000	–	26,243	–	0.12%	–
UTX	New	UNITED TECHNOLOGIES CORP	$3,991,000	–	35,978	–	0.11%	–
PRU	New	PRUDENTIAL FINANCIAL INC	$3,980,000	–	45,479	–	0.11%	–
VC	New	VISTEON CORP NEW	$3,819,000	–	36,380	–	0.10%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$3,790,000	–	85,690	–	0.10%	–
CMCSA	New	COMCAST CORP CL A	$3,501,000	–	58,206	–	0.09%	–
CRS	New	CARPENTER TECHNOLOGY CORP	$3,397,000	–	87,821	–	0.09%	–
UPS	New	UNITED PARCEL SERVICE CL B	$3,120,000	–	32,190	–	0.08%	–
PFE	New	PFIZER INC	$3,061,000	–	91,302	–	0.08%	–
STAR	New	ISTAR FINANCIAL INC	$3,053,000	–	229,210	–	0.08%	–
ADP	New	AUTOMATIC DATA PROCESSING	$2,972,000	–	37,049	–	0.08%	–
WM	New	WASTE MANAGEMENT INC	$2,817,000	–	60,785	–	0.08%	–
LB	New	L BRANDS INC	$2,574,000	–	30,024	–	0.07%	–
WFC	New	WELLS FARGO & CO NEW	$2,326,000	–	41,354	–	0.06%	–
DOW	New	DOW CHEMICAL CO	$1,959,000	–	38,275	–	0.05%	–
MKC	New	MCCORMICK & CO INC	$1,789,000	–	22,101	–	0.05%	–
COH	New	COACH INC	$1,797,000	–	51,924	–	0.05%	–
ABBV	New	ABBVIE INC	$1,732,000	–	25,782	–	0.05%	–
GILD	New	GILEAD SCIENCES INC	$1,637,000	–	13,981	–	0.04%	–
T	New	AT&T INC	$1,560,000	–	43,929	–	0.04%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B NE	$1,208,000	–	8,872	–	0.03%	–
PM	New	PHILIP MORRIS INTL INC	$1,133,000	–	14,129	–	0.03%	–
PCP	New	PRECISION CASTPARTS CORP	$1,086,000	–	5,435	–	0.03%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$1,061,000	–	11,927	–	0.03%	–
COST	New	COSTCO WHOLESALE CORP NEW	$1,052,000	–	7,791	–	0.03%	–
MO	New	ALTRIA GROUP INC	$984,000	–	20,119	–	0.03%	–
DISCA	New	DISCOVERY COMMUNICATIONS NEW S	$878,000	–	26,399	–	0.02%	–
HUBB	New	HUBBELL, INC CL B	$910,000	–	8,406	–	0.02%	–
CAT	New	CATERPILLAR INC	$882,000	–	10,400	–	0.02%	–
APA	New	APACHE CORP	$897,000	–	15,557	–	0.02%	–
TWX	New	TIME WARNER INC NEW	$782,000	–	8,941	–	0.02%	–
MLM	New	MARTIN MARIETTA MATERIALS INC	$764,000	–	5,402	–	0.02%	–
CB	New	CHUBB CORP	$776,000	–	8,159	–	0.02%	–
HD	New	HOME DEPOT INC	$744,000	–	6,694	–	0.02%	–
TDG	New	TRANSDIGM GROUP INC	$709,000	–	3,156	–	0.02%	–
CVS	New	CVS HEALTH CORP	$684,000	–	6,526	–	0.02%	–
HUBA	New	HUBBELL, INC CL A	$680,000	–	6,307	–	0.02%	–
BAC	New	BANK OF AMERICA CORP	$653,000	–	38,374	–	0.02%	–
KRFT	New	KRAFT FOODS GROUP INC	$589,000	–	6,918	–	0.02%	–
ORCL	New	ORACLE CORP	$583,000	–	14,458	–	0.02%	–
LUMN	New	CENTURYLINK INC	$598,000	–	20,369	–	0.02%	–
BA	New	BOEING CO	$576,000	–	4,151	–	0.02%	–
KMB	New	KIMBERLY CLARK CORP	$574,000	–	5,418	–	0.02%	–
LBTYK	New	LIBERTY GLOBAL PLC SHS CL C	$534,000	–	10,550	–	0.01%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INc	$512,000	–	4,683	–	0.01%	–
BDX	New	BECTON DICKINSON & CO	$498,000	–	3,513	–	0.01%	–
BIIB	New	BIOGEN INC	$479,000	–	1,187	–	0.01%	–
WBC	New	WABCO HOLDINGS INC	$474,000	–	3,830	–	0.01%	–
DD	New	DU PONT, (E.I.)	$484,000	–	7,561	–	0.01%	–
MCD	New	MCDONALD'S CORP	$498,000	–	5,234	–	0.01%	–
SYMC	New	SYMANTEC CORP	$437,000	–	18,775	–	0.01%	–
NKE	New	NIKE INC CL B	$432,000	–	4,003	–	0.01%	–
TGT	New	TARGET CORP	$439,000	–	5,373	–	0.01%	–
UNH	New	UNITEDHEALTH GROUP INC	$464,000	–	3,799	–	0.01%	–
AMZN	New	AMAZON.COM INC	$431,000	–	993	–	0.01%	–
MNST	New	MONSTER BEVERAGE CORP	$427,000	–	3,185	–	0.01%	–
LLY	New	LILLY ELI & CO	$427,000	–	5,120	–	0.01%	–
C	New	CITIGROUP INC NEW	$393,000	–	7,108	–	0.01%	–
JCI	New	JOHNSON CONTROLS INC	$416,000	–	8,390	–	0.01%	–
GWW	New	GRAINGER (W.W.), INC	$424,000	–	1,790	–	0.01%	–
MMC	New	MARSH & MCLENNAN COMPANIES, IN	$427,000	–	7,529	–	0.01%	–
UL	New	UNILEVER PLC SPON ADR NEW	$384,000	–	8,930	–	0.01%	–
ED	New	CONSOLIDATED EDISON INC	$369,000	–	6,369	–	0.01%	–
BK	New	BANK OF NEW YORK MELLON CORP	$381,000	–	9,073	–	0.01%	–
HSY	New	HERSHEY CO	$389,000	–	4,377	–	0.01%	–
EOG	New	EOG RESOURCES INC	$362,000	–	4,138	–	0.01%	–
DE	New	DEERE & CO	$353,000	–	3,638	–	0.01%	–
OPK	New	OPKO HEALTH INC	$322,000	–	20,000	–	0.01%	–
SON	New	SONOCO PRODUCTS CO	$318,000	–	7,419	–	0.01%	–
EMC	New	E M C CORP	$348,000	–	13,173	–	0.01%	–
ODFL	New	OLD DOMINION FREIGHT LINE	$341,000	–	4,975	–	0.01%	–
HTZ	New	HERTZ GLOBAL HOLDINGS INC	$332,000	–	18,325	–	0.01%	–
APC	New	ANADARKO PETROLEUM CORP	$308,000	–	3,940	–	0.01%	–
UNP	New	UNION PACIFIC CORP	$291,000	–	3,047	–	0.01%	–
COP	New	CONOCOPHILLIPS	$289,000	–	4,703	–	0.01%	–
NEE	New	NEXTERA ENERGY INC	$296,000	–	3,015	–	0.01%	–
TXT	New	TEXTRON INC	$301,000	–	6,740	–	0.01%	–
HCA	New	HCA HOLDINGS INC	$272,000	–	3,000	–	0.01%	–
GGG	New	GRACO INC	$262,000	–	3,684	–	0.01%	–
HPQ	New	HEWLETT PACKARD CO	$258,000	–	8,588	–	0.01%	–
EPD	New	ENTERPRISE PRODUCTS PARTNERS	$247,000	–	8,279	–	0.01%	–
FOXA	New	TWENTY FIRST CENTURY FOX CL A	$277,000	–	8,503	–	0.01%	–
MS	New	MORGAN STANLEY NEW	$247,000	–	6,361	–	0.01%	–
CAM	New	CAMERON INTERNATIONAL CORP	$246,000	–	4,688	–	0.01%	–
KMI	New	KINDER MORGAN INC	$277,000	–	7,211	–	0.01%	–
PPG	New	PPG INDUSTRIES INC	$254,000	–	2,215	–	0.01%	–
JBLU	New	JETBLUE AIRWAYS CORP	$208,000	–	10,000	–	0.01%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$225,000	–	2,660	–	0.01%	–
QRTEA	New	LIBERTY INTERACTIVE CORP SER A	$217,000	–	7,819	–	0.01%	–
WWAV	New	WHITEWAVE FOODS CO CL A	$234,000	–	4,784	–	0.01%	–
HBAN	New	HUNTINGTON BANCSHARES	$210,000	–	18,535	–	0.01%	–
REGN	New	REGENERON PHARMA INC	$206,000	–	403	–	0.01%	–
SCHW	New	CHARLES SCHWAB CORP NEW	$230,000	–	7,040	–	0.01%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL A	$205,000	–	1	–	0.01%	–
AGN	New	ALLERGAN PLC SHS	$216,000	–	711	–	0.01%	–
DUK	New	DUKE ENERGY CORP NEW	$207,000	–	2,926	–	0.01%	–
MAS	New	MASCO CORP	$240,000	–	9,000	–	0.01%	–
KEY	New	KEYCORP NEW	$206,000	–	13,694	–	0.01%	–
TRST	New	TRUSTCO BK CORP N Y	$176,000	–	25,000	–	0.01%	–
WMT	New	WAL-MART STORES INC	$201,000	–	2,836	–	0.01%	–
CSX	New	CSX CORP	$203,000	–	6,216	–	0.01%	–
CHK	New	CHESAPEAKE ENERGY CORP	$189,000	–	16,909	–	0.01%	–
NOK	New	NOKIA CORP SPON ADR	$164,000	–	24,008	–	0.00%	–
UPLMQ	New	ULTRA PETROLEUM CORP	$125,000	–	10,000	–	0.00%	–
CNET	New	CHINANET ONLINE HOLDINGS	$26,000	–	20,000	–	0.00%	–
CAMH	New	CAMBRIDGE HEART INC	$0	–	302,350	–	0.00%	–
HRCT	New	HARTCOURT COMPANIES INC NEW	$0	–	10,000	–	0.00%	–
ACPIQ	New	ANTHRACITE CAP INC	$0	–	13,772	–	0.00%	–
ALIF	New	ARTIFICIAL LIFE INC	$1,000	–	40,000	–	0.00%	–
UGSI	New	UNDERGROUND SOLUTIONS	$1,000	–	10,000	–	0.00%	–
SLUP	New	SOLUCORP INDUSTRIES LTD	$0	–	17,000	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
FCPG	Exit	FIRST CHINA PHARMACEUTICAL GRO	$0	–	-10,000	–	0.00%	–
CAMH	Exit	CAMBRIDGE HEART INC	$0	–	-302,350	–	0.00%	–
UGSI	Exit	UNDERGROUND SOLUTIONS	$0	–	-10,000	–	0.00%	–
HRCT	Exit	HARTCOURT COMPANIES INC NEW	$0	–	-10,000	–	0.00%	–
SLUP	Exit	SOLUCORP INDUSTRIES LTD	$0	–	-17,000	–	0.00%	–
APDN	Exit	APPLIED DNA SCIENCES	$0	–	-45,000	–	0.00%	–
ACPIQ	Exit	ANTHRACITE CAP INC	$0	–	-11,276	–	0.00%	–
TGB	Exit	TASEKO MINES LTD	$0	–	-10,000	–	-0.00%	–
MNI	Exit	MCCLATCHY CO CL A	$0	–	-10,000	–	-0.00%	–
LEE	Exit	LEE ENTERPRISES INC	$0	–	-10,000	–	-0.00%	–
CNET	Exit	CHINANET ONLINE HOLDINGS	$0	–	-20,000	–	-0.00%	–
JBLU	Exit	JETBLUE AIRWAYS CORP	$0	–	-10,150	–	-0.00%	–
FULT	Exit	FULTON FINANCIAL CORP PA	$0	–	-10,950	–	-0.00%	–
HBAN	Exit	HUNTINGTON BANCSHARES	$0	–	-18,535	–	-0.01%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-5,452	–	-0.01%	–
FCX	Exit	FREEPORT-MCMORAN INC CL B	$0	–	-6,580	–	-0.01%	–
BXP	Exit	BOSTON PROPERTIES INC REIT	$0	–	-1,830	–	-0.01%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-2,952	–	-0.01%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-3,000	–	-0.01%	–
CLX	Exit	CLOROX CO	$0	–	-2,127	–	-0.01%	–
SCHW	Exit	CHARLES SCHWAB CORP NEW	$0	–	-7,074	–	-0.01%	–
NGG	Exit	NATIONAL GRID PLC SPON ADR NEW	$0	–	-2,800	–	-0.01%	–
CCI	Exit	CROWN CASTLE INTL CORP	$0	–	-2,500	–	-0.01%	–
WFD	Exit	WESTFIELD FINANCIAL INC NEW	$0	–	-27,000	–	-0.01%	–
LLY	Exit	LILLY ELI & CO	$0	–	-3,262	–	-0.01%	–
KEY	Exit	KEYCORP NEW	$0	–	-14,000	–	-0.01%	–
BBT	Exit	BB&T CORP	$0	–	-5,724	–	-0.01%	–
BIDU	Exit	BAIDU INC SPON ADR REP A	$0	–	-950	–	-0.01%	–
TGT	Exit	TARGET CORP	$0	–	-3,532	–	-0.01%	–
EPD	Exit	ENTERPRISE PRODUCTS PARTNERS	$0	–	-5,800	–	-0.01%	–
NKE	Exit	NIKE INC CL B	$0	–	-2,620	–	-0.01%	–
TRST	Exit	TRUSTCO BK CORP N Y	$0	–	-37,000	–	-0.01%	–
MAA	Exit	MID-AMER APT CMNTYS	$0	–	-3,400	–	-0.01%	–
UPLMQ	Exit	ULTRA PETROLEUM CORP	$0	–	-10,000	–	-0.01%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-4,874	–	-0.01%	–
HPQ	Exit	HEWLETT PACKARD CO	$0	–	-7,511	–	-0.01%	–
MLM	Exit	MARTIN MARIETTA MATERIALS INC	$0	–	-2,110	–	-0.01%	–
MS	Exit	MORGAN STANLEY NEW	$0	–	-8,029	–	-0.01%	–
PTEN	Exit	PATTERSON-UTI ENERGY INC	$0	–	-8,500	–	-0.01%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-3,401	–	-0.01%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-5,173	–	-0.01%	–
MNST	Exit	MONSTER BEVERAGE CORP	$0	–	-3,125	–	-0.01%	–
NOK	Exit	NOKIA CORP SPON ADR	$0	–	-37,288	–	-0.01%	–
EOG	Exit	EOG RESOURCES INC	$0	–	-3,200	–	-0.01%	–
	Exit	LIBERTY MEDIA INTERACTIVE SER	$0	–	-10,050	–	-0.01%	–
ORCL	Exit	ORACLE CORP	$0	–	-7,908	–	-0.01%	–
AGN	Exit	ALLERGAN INC	$0	–	-1,690	–	-0.01%	–
BAX	Exit	BAXTER INTL INC	$0	–	-4,774	–	-0.01%	–
SON	Exit	SONOCO PRODUCTS CO	$0	–	-8,666	–	-0.01%	–
CP	Exit	CANADIAN PAC RAILWAY LTD	$0	–	-1,627	–	-0.01%	–
CMI	Exit	CUMMINS INC	$0	–	-2,452	–	-0.01%	–
TEX	Exit	TEREX CORP NEW	$0	–	-11,353	–	-0.01%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-3,370	–	-0.01%	–
ODFL	Exit	OLD DOMINION FREIGHT LINE	$0	–	-5,050	–	-0.01%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-21,754	–	-0.01%	–
MAS	Exit	MASCO CORP	$0	–	-15,000	–	-0.01%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-5,042	–	-0.01%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-7,283	–	-0.01%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-1,240	–	-0.01%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-18,179	–	-0.01%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-4,953	–	-0.01%	–
ZBH	Exit	ZIMMER HOLDINGS INC	$0	–	-4,416	–	-0.01%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-4,133	–	-0.01%	–
GWW	Exit	GRAINGER (W.W.), INC	$0	–	-1,674	–	-0.01%	–
DE	Exit	DEERE & CO	$0	–	-5,183	–	-0.01%	–
EMC	Exit	E M C CORP	$0	–	-15,154	–	-0.01%	–
OPK	Exit	OPKO HEALTH INC	$0	–	-50,000	–	-0.01%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-4,754	–	-0.01%	–
WBC	Exit	WABCO HOLDINGS INC	$0	–	-4,680	–	-0.01%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-4,291	–	-0.01%	–
SWK	Exit	STANLEY BLACK & DECKER	$0	–	-5,905	–	-0.02%	–
UL	Exit	UNILEVER PLC SPON ADR NEW	$0	–	-13,050	–	-0.02%	–
DD	Exit	DU PONT, (E.I.)	$0	–	-7,411	–	-0.02%	–
HD	Exit	HOME DEPOT INC	$0	–	-6,392	–	-0.02%	–
C	Exit	CITIGROUP INC NEW	$0	–	-10,930	–	-0.02%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO	$0	–	-8,184	–	-0.02%	–
MCD	Exit	MCDONALD'S CORP	$0	–	-5,829	–	-0.02%	–
MMC	Exit	MARSH & MCLENNAN COMPANIES, IN	$0	–	-12,425	–	-0.02%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-1,930	–	-0.02%	–
HSY	Exit	HERSHEY CO	$0	–	-7,100	–	-0.02%	–
TDG	Exit	TRANSDIGM GROUP INC	$0	–	-3,695	–	-0.02%	–
CAM	Exit	CAMERON INTERNATIONAL CORP	$0	–	-11,493	–	-0.02%	–
CB	Exit	CHUBB CORP	$0	–	-8,454	–	-0.02%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-7,624	–	-0.02%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-13,688	–	-0.02%	–
COST	Exit	COSTCO WHOLESALE CORP NEW	$0	–	-6,642	–	-0.02%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CL B NE	$0	–	-6,349	–	-0.03%	–
BA	Exit	BOEING CO	$0	–	-8,403	–	-0.03%	–
TWX	Exit	TIME WARNER INC NEW	$0	–	-14,744	–	-0.03%	–
PRGO	Exit	PERRIGO CO PCL SHS	$0	–	-7,629	–	-0.03%	–
T	Exit	AT&T INC	$0	–	-33,062	–	-0.04%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-25,790	–	-0.04%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-26,992	–	-0.04%	–
FOXA	Exit	TWENTY FIRST CENTURY FOX CL A	$0	–	-34,711	–	-0.04%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-31,528	–	-0.04%	–
CAT	Exit	CATERPILLAR INC	$0	–	-13,100	–	-0.04%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-12,512	–	-0.04%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-18,055	–	-0.04%	–
HUBA	Exit	HUBBELL, INC CL A	$0	–	-13,375	–	-0.05%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-33,662	–	-0.05%	–
APA	Exit	APACHE CORP	$0	–	-18,550	–	-0.05%	–
HUBB	Exit	HUBBELL, INC CL B	$0	–	-14,806	–	-0.05%	–
DISCA	Exit	DISCOVERY COMMUNICATIONS NEW S	$0	–	-48,191	–	-0.05%	–
LBTYK	Exit	LIBERTY GLOBAL PLC SHS CL C	$0	–	-46,344	–	-0.06%	–
HTZ	Exit	HERTZ GLOBAL HOLDINGS INC	$0	–	-79,835	–	-0.06%	–
LB	Exit	L BRANDS INC	$0	–	-30,418	–	-0.06%	–
PFE	Exit	PFIZER INC	$0	–	-81,721	–	-0.07%	–
ABBV	Exit	ABBVIE INC	$0	–	-46,193	–	-0.08%	–
ABCO	Exit	ADVISORY BOARD CO	$0	–	-59,014	–	-0.08%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-44,682	–	-0.09%	–
HSBC	Exit	HSBC HLDGS PLC SPON ADR NEW	$0	–	-60,583	–	-0.09%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-59,549	–	-0.09%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-58,546	–	-0.09%	–
CRS	Exit	CARPENTER TECHNOLOGY CORP	$0	–	-75,854	–	-0.10%	–
STAR	Exit	ISTAR FINANCIAL INC	$0	–	-258,355	–	-0.10%	–
UPS	Exit	UNITED PARCEL SERVICE CL B	$0	–	-39,230	–	-0.12%	–
AIG	Exit	AMERICAN INTL GROUP NEW	$0	–	-71,753	–	-0.12%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-52,902	–	-0.13%	–
FDX	Exit	FEDEX CORP	$0	–	-28,249	–	-0.14%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-98,368	–	-0.14%	–
FAST	Exit	FASTENAL CO	$0	–	-105,676	–	-0.14%	–
EL	Exit	LAUDER ESTEE COS INC CL A	$0	–	-64,311	–	-0.14%	–
COH	Exit	COACH INC	$0	–	-159,278	–	-0.17%	–
USB	Exit	US BANCORP DEL NEW	$0	–	-151,811	–	-0.19%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-62,127	–	-0.20%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-77,313	–	-0.22%	–
TU	Exit	TELUS CORP	$0	–	-217,698	–	-0.22%	–
ADBE	Exit	ADOBE SYSTEMS, INC	$0	–	-110,385	–	-0.23%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-42,381	–	-0.24%	–
SSYS	Exit	STRATASYS LTD SHS	$0	–	-67,832	–	-0.24%	–
FB	Exit	FACEBOOK INC CL A	$0	–	-107,899	–	-0.26%	–
VOD	Exit	VODAFONE GROUP PLC NEW SPNSR A	$0	–	-272,303	–	-0.27%	–
NLSN	Exit	NIELSEN N V	$0	–	-204,690	–	-0.27%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-112,401	–	-0.28%	–
LVLT	Exit	LEVEL 3 COMMUNICATIONS NEW	$0	–	-212,138	–	-0.29%	–
AAL	Exit	AMERICAN AIRLINES GROUP INC	$0	–	-274,538	–	-0.29%	–
CLB	Exit	CORE LABORATORIES N V	$0	–	-66,607	–	-0.29%	–
LLTC	Exit	LINEAR TECHNOLOGY CORP	$0	–	-223,643	–	-0.30%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-88,622	–	-0.32%	–
DISCK	Exit	DISCOVERY COMMUNICATIONS NEW S	$0	–	-294,725	–	-0.33%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-149,835	–	-0.34%	–
NVO	Exit	NOVO-NORDISK A S ADR	$0	–	-240,993	–	-0.34%	–
WFM	Exit	WHOLE FOODS MARKET INC	$0	–	-321,013	–	-0.36%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-115,868	–	-0.37%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-133,965	–	-0.37%	–
DANOY	Exit	DANONE SPONSORED ADR	$0	–	-984,689	–	-0.39%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-204,393	–	-0.40%	–
LAMR	Exit	LAMAR ADVERTISING CO CL A	$0	–	-289,883	–	-0.43%	–
ZTS	Exit	ZOETIS INC CL A	$0	–	-389,591	–	-0.43%	–
MET	Exit	METLIFE INC	$0	–	-283,958	–	-0.46%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-649,017	–	-0.46%	–
HFC	Exit	HOLLYFRONTIER CORP	$0	–	-350,413	–	-0.46%	–
AVB	Exit	AVALONBAY COMMUNITIES INC	$0	–	-109,482	–	-0.46%	–
MMM	Exit	3M CO	$0	–	-113,828	–	-0.48%	–
DGI	Exit	DIGITALGLOBE INC NEW	$0	–	-593,954	–	-0.50%	–
KO	Exit	COCA-COLA CO	$0	–	-398,292	–	-0.51%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-315,306	–	-0.53%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-210,691	–	-0.53%	–
HAIN	Exit	HAIN CELESTIAL GROUP INC	$0	–	-176,432	–	-0.54%	–
MPC	Exit	MARATHON PETROLEUM CORP	$0	–	-220,041	–	-0.56%	–
	Exit	HUDSONS BAY CO NEW	$0	–	-1,172,448	–	-0.56%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-220,678	–	-0.58%	–
AAPL	Exit	APPLE INC	$0	–	-192,750	–	-0.58%	–
ACN	Exit	ACCENTURE PLC IRELAND SHS CLAS	$0	–	-239,737	–	-0.58%	–
BX	Exit	BLACKSTONE GROUP L P UNIT LTD	$0	–	-621,242	–	-0.58%	–
DIS	Exit	DISNEY (WALT) CO	$0	–	-231,666	–	-0.62%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-203,852	–	-0.62%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-415,198	–	-0.62%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-450,632	–	-0.62%	–
CMCSK	Exit	COMCAST CORP SPL CL A (NON VOT	$0	–	-392,687	–	-0.63%	–
YHOO	Exit	YAHOO INC	$0	–	-516,395	–	-0.63%	–
ETN	Exit	EATON CORP PLC SHS	$0	–	-345,404	–	-0.65%	–
UN	Exit	UNILEVER N.V. (NY SHS)	$0	–	-577,387	–	-0.68%	–
SNY	Exit	SANOFI SPONSORED ADR	$0	–	-410,618	–	-0.69%	–
EXPD	Exit	EXPEDITORS INTL OF WASHINGTON	$0	–	-583,320	–	-0.71%	–
TRI	Exit	THOMSON REUTERS CORP	$0	–	-649,773	–	-0.71%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-469,470	–	-0.72%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-399,520	–	-0.72%	–
IHS	Exit	IHS INC CL A	$0	–	-199,185	–	-0.74%	–
LUXTY	Exit	LUXOTTICA GROUP S P A SPON ADR	$0	–	-478,503	–	-0.74%	–
XPO	Exit	XPO LOGISTICS INC	$0	–	-678,890	–	-0.76%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-616,772	–	-0.77%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-44,325	–	-0.78%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-202,939	–	-0.79%	–
MDLZ	Exit	MONDELEZ INTL INC CL A	$0	–	-808,797	–	-0.83%	–
EBAY	Exit	EBAY INC	$0	–	-506,691	–	-0.86%	–
PX	Exit	PRAXAIR INC	$0	–	-226,300	–	-0.87%	–
DNKN	Exit	DUNKIN BRANDS GROUP INC	$0	–	-671,224	–	-0.90%	–
GCI	Exit	GANNETT CO, INC	$0	–	-1,032,639	–	-0.91%	–
NCR	Exit	NCR CORP	$0	–	-917,170	–	-0.92%	–
AMT	Exit	AMERICAN TOWER CORP REIT	$0	–	-327,572	–	-0.92%	–
DEO	Exit	DIAGEO PLC ADR	$0	–	-267,579	–	-0.92%	–
GOOG	Exit	GOOGLE INC CL C	$0	–	-55,466	–	-0.96%	–
PLD	Exit	PROLOGIS INC	$0	–	-850,388	–	-0.96%	–
CELG	Exit	CELGENE CORP	$0	–	-341,117	–	-0.96%	–
VC	Exit	VISTEON CORP NEW	$0	–	-336,269	–	-0.98%	–
INTC	Exit	INTEL CORP	$0	–	-951,905	–	-0.99%	–
VTR	Exit	VENTAS INC	$0	–	-541,454	–	-1.00%	–
XRAY	Exit	DENTSPLY INTL INC NEW	$0	–	-776,482	–	-1.06%	–
VRSK	Exit	VERISK ANALYTICS INC CL A	$0	–	-587,884	–	-1.07%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-574,899	–	-1.07%	–
SRCL	Exit	STERICYCLE INC	$0	–	-316,345	–	-1.10%	–
GLW	Exit	CORNING INC	$0	–	-1,914,787	–	-1.10%	–
PEP	Exit	PEPSICO INC	$0	–	-398,326	–	-1.11%	–
AL	Exit	AIR LEASE CORP CL A	$0	–	-1,142,283	–	-1.11%	–
NSRGY	Exit	NESTLE S A SPON ADR	$0	–	-506,012	–	-1.11%	–
3106PS	Exit	DELPHI AUTOMOTIVE PLC SHS	$0	–	-620,033	–	-1.14%	–
PAY	Exit	VERIFONE SYSTEMS INC	$0	–	-1,127,336	–	-1.16%	–
ECL	Exit	ECOLAB INC	$0	–	-341,388	–	-1.17%	–
EQIX	Exit	EQUINIX INC NEW	$0	–	-189,278	–	-1.20%	–
MCHP	Exit	MICROCHIP TECHNOLOGY INC	$0	–	-852,443	–	-1.20%	–
CERN	Exit	CERNER CORP	$0	–	-686,362	–	-1.22%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-567,829	–	-1.29%	–
TMO	Exit	THERMO FISHER SCIENTIFIC	$0	–	-365,657	–	-1.33%	–
QGEN	Exit	QIAGEN NV ORD	$0	–	-1,979,279	–	-1.34%	–
MA	Exit	MASTERCARD INC CL A	$0	–	-622,073	–	-1.37%	–
YUM	Exit	YUM BRANDS INC	$0	–	-683,536	–	-1.47%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-860,886	–	-1.52%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-555,908	–	-1.56%	–
F	Exit	FORD MOTOR CO	$0	–	-3,540,025	–	-1.56%	–
AMGN	Exit	AMGEN, INC	$0	–	-375,353	–	-1.57%	–
BWA	Exit	BORG WARNER INC	$0	–	-1,006,592	–	-1.58%	–
LUV	Exit	SOUTHWEST AIRLINES CO	$0	–	-1,604,264	–	-1.62%	–
HAR	Exit	HARMAN INTERNATIONAL INDS INC	$0	–	-566,597	–	-1.66%	–
V	Exit	VISA INC CL A	$0	–	-260,570	–	-1.66%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-1,241,748	–	-1.72%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-2,299,789	–	-1.73%	–
GM	Exit	GENERAL MOTORS CO	$0	–	-1,835,384	–	-1.75%	–
QCOM	Exit	QUALCOMM INC	$0	–	-884,736	–	-1.97%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-2,603,122	–	-1.99%	–
AA	Exit	ALCOA INC	$0	–	-4,424,573	–	-2.12%	–
ILMN	Exit	ILLUMINA INC	$0	–	-439,088	–	-2.15%	–
UAL	Exit	UNITED CONTINENTAL HOLDINGS IN	$0	–	-1,715,167	–	-2.40%	–
DAL	Exit	DELTA AIR LINES, INC	$0	–	-2,645,102	–	-2.85%	–

Q3 2014

			Value		Shares		↓ Weighting
DAL	Sell	DELTA AIR LINES, INC	$95,620,000	-7.2%	2,645,102	-0.6%	2.85%	-8.3%
UAL	Sell	UNITED CONTINENTAL HOLDINGS IN	$80,253,000	+13.8%	1,715,167	-0.1%	2.40%	+12.4%
ILMN	Sell	ILLUMINA INC	$71,975,000	-9.5%	439,088	-1.4%	2.15%	-10.6%
AA	Buy	ALCOA INC	$71,191,000	+8.4%	4,424,573	+0.3%	2.12%	+7.1%
GE	Buy	GENERAL ELECTRIC CO	$66,692,000	+4.1%	2,603,122	+6.8%	1.99%	+2.8%
QCOM	Buy	QUALCOMM INC	$66,152,000	-1.9%	884,736	+3.9%	1.97%	-3.2%
GM	Buy	GENERAL MOTORS CO	$58,622,000	-7.0%	1,835,384	+5.7%	1.75%	-8.1%
CSCO	Buy	CISCO SYSTEMS INC	$57,886,000	+3.7%	2,299,789	+2.4%	1.73%	+2.5%
MSFT	Buy	MICROSOFT CORP	$57,567,000	+12.5%	1,241,748	+1.2%	1.72%	+11.1%
V	Buy	VISA INC CL A	$55,598,000	+2.5%	260,570	+1.2%	1.66%	+1.2%
HAR	Sell	HARMAN INTERNATIONAL INDS INC	$55,549,000	-9.3%	566,597	-0.6%	1.66%	-10.4%
LUV	Sell	SOUTHWEST AIRLINES CO	$54,176,000	+18.6%	1,604,264	-5.7%	1.62%	+17.1%
BWA	Buy	BORG WARNER INC	$52,957,000	-18.0%	1,006,592	+1.6%	1.58%	-19.0%
AMGN	Buy	AMGEN, INC	$52,722,000	+19.0%	375,353	+0.3%	1.57%	+17.5%
F	Sell	FORD MOTOR CO	$52,357,000	-15.4%	3,540,025	-1.4%	1.56%	-16.5%
NVS	Buy	NOVARTIS A G SPON ADR	$52,328,000	+4.3%	555,908	+0.3%	1.56%	+3.0%
MRK	Sell	MERCK & CO INC NEW	$51,033,000	+2.3%	860,886	-0.1%	1.52%	+1.1%
YUM	Buy	YUM BRANDS INC	$49,201,000	-4.6%	683,536	+7.6%	1.47%	-5.8%
MA	Buy	MASTERCARD INC CL A	$45,984,000	+3.8%	622,073	+3.2%	1.37%	+2.5%
QGEN	Buy	QIAGEN NV ORD	$45,068,000	-6.5%	1,979,279	+0.5%	1.34%	-7.6%
TMO	Buy	THERMO FISHER SCIENTIFIC	$44,500,000	+8.7%	365,657	+5.4%	1.33%	+7.3%
DHR	Buy	DANAHER CORP DEL	$43,144,000	+2.7%	567,829	+6.4%	1.29%	+1.4%
CERN	Buy	CERNER CORP	$40,887,000	+20.1%	686,362	+4.0%	1.22%	+18.7%
MCHP	Sell	MICROCHIP TECHNOLOGY INC	$40,261,000	-5.2%	852,443	-2.1%	1.20%	-6.4%
EQIX	Buy	EQUINIX INC NEW	$40,218,000	+1.9%	189,278	+0.8%	1.20%	+0.6%
ECL	Sell	ECOLAB INC	$39,202,000	+3.0%	341,388	-0.1%	1.17%	+1.7%
PAY	Sell	VERIFONE SYSTEMS INC	$38,758,000	-7.2%	1,127,336	-0.8%	1.16%	-8.3%
3106PS	Buy	DELPHI AUTOMOTIVE PLC SHS	$38,033,000	+0.4%	620,033	+12.5%	1.14%	-0.9%
NSRGY	Buy	NESTLE S A SPON ADR	$37,203,000	-4.5%	506,012	+0.6%	1.11%	-5.7%
AL	Buy	AIR LEASE CORP CL A	$37,124,000	-6.6%	1,142,283	+10.9%	1.11%	-7.7%
PEP	Buy	PEPSICO INC	$37,080,000	+5.3%	398,326	+1.1%	1.11%	+4.0%
GLW	Sell	CORNING INC	$37,032,000	-13.0%	1,914,787	-1.2%	1.10%	-14.1%
SRCL	Buy	STERICYCLE INC	$36,873,000	+5.6%	316,345	+7.3%	1.10%	+4.3%
EMR	Sell	EMERSON ELECTRIC CO	$35,977,000	-15.7%	574,899	-10.6%	1.07%	-16.7%
VRSK	Buy	VERISK ANALYTICS INC CL A	$35,796,000	+12.6%	587,884	+11.0%	1.07%	+11.1%
XRAY	Sell	DENTSPLY INTL INC NEW	$35,408,000	-5.1%	776,482	-1.4%	1.06%	-6.2%
VTR	Buy	VENTAS INC	$33,543,000	-0.5%	541,454	+3.0%	1.00%	-1.7%
INTC	Buy	INTEL CORP	$33,145,000	+13.5%	951,905	+0.7%	0.99%	+12.1%
VC	Sell	VISTEON CORP NEW	$32,702,000	+0.2%	336,269	-0.1%	0.98%	-1.0%
CELG	Buy	CELGENE CORP	$32,331,000	+14.0%	341,117	+3.3%	0.96%	+12.6%
PLD	Buy	PROLOGIS INC	$32,060,000	-4.8%	850,388	+3.8%	0.96%	-5.9%
GOOG	Buy	GOOGLE INC CL C	$32,024,000	+6.3%	55,466	+5.9%	0.96%	+4.9%
DEO	Buy	DIAGEO PLC ADR	$30,879,000	+5.7%	267,579	+16.6%	0.92%	+4.4%
AMT	Buy	AMERICAN TOWER CORP REIT	$30,671,000	+5.9%	327,572	+1.8%	0.92%	+4.6%
NCR	Buy	NCR CORP	$30,643,000	+3.7%	917,170	+8.9%	0.92%	+2.5%
GCI	Sell	GANNETT CO, INC	$30,638,000	-6.3%	1,032,639	-1.1%	0.91%	-7.5%
DNKN	Buy	DUNKIN BRANDS GROUP INC	$30,084,000	+15.1%	671,224	+17.6%	0.90%	+13.7%
PX	Buy	PRAXAIR INC	$29,193,000	-1.8%	226,300	+1.1%	0.87%	-3.1%
EBAY	Buy	EBAY INC	$28,694,000	+31.7%	506,691	+16.4%	0.86%	+29.9%
MDLZ	Sell	MONDELEZ INTL INC CL A	$27,713,000	-9.4%	808,797	-0.5%	0.83%	-10.5%
APD	Sell	AIR PRODUCTS & CHEMICALS INC	$26,419,000	-4.7%	202,939	-5.8%	0.79%	-6.0%
GOOGL	Buy	GOOGLE INC CL A	$26,081,000	+1.6%	44,325	+0.9%	0.78%	+0.3%
ABT	Sell	ABBOTT LABORATORIES	$25,652,000	-14.5%	616,772	-16.0%	0.77%	-15.5%
XPO	Buy	XPO LOGISTICS INC	$25,574,000	+50.8%	678,890	+14.6%	0.76%	+49.0%
LUXTY	Sell	LUXOTTICA GROUP S P A SPON ADR	$24,920,000	-10.4%	478,503	-0.2%	0.74%	-11.4%
IHS	Buy	IHS INC CL A	$24,936,000	-5.2%	199,185	+2.8%	0.74%	-6.4%
JPM	Sell	JPMORGAN CHASE & CO	$24,067,000	+1.0%	399,520	-3.3%	0.72%	-0.3%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$24,027,000	+5.8%	469,470	+0.2%	0.72%	+4.4%
TRI	Buy	THOMSON REUTERS CORP	$23,658,000	+9.5%	649,773	+9.3%	0.71%	+8.1%
EXPD	Sell	EXPEDITORS INTL OF WASHINGTON	$23,671,000	-12.9%	583,320	-5.2%	0.71%	-14.0%
SNY	Buy	SANOFI SPONSORED ADR	$23,171,000	+9.5%	410,618	+3.2%	0.69%	+8.3%
UN	Sell	UNILEVER N.V. (NY SHS)	$22,911,000	-12.4%	577,387	-3.4%	0.68%	-13.4%
ETN	Buy	EATON CORP PLC SHS	$21,888,000	-1.9%	345,404	+19.4%	0.65%	-3.3%
YHOO	Buy	YAHOO INC	$21,043,000	+33.6%	516,395	+15.2%	0.63%	+31.9%
CMCSK	Sell	COMCAST CORP SPL CL A (NON VOT	$21,009,000	-1.5%	392,687	-1.8%	0.63%	-2.6%
VLO	Buy	VALERO ENERGY CORP	$20,851,000	+35.6%	450,632	+46.9%	0.62%	+33.8%
SLB	Sell	SCHLUMBERGER LTD	$20,730,000	-13.9%	203,852	-0.2%	0.62%	-15.0%
VZ	Sell	VERIZON COMMUNICATIONS INC	$20,756,000	-1.0%	415,198	-3.1%	0.62%	-2.4%
DIS	Sell	DISNEY (WALT) CO	$20,625,000	-11.2%	231,666	-14.4%	0.62%	-12.3%
BX	Buy	BLACKSTONE GROUP L P UNIT LTD	$19,557,000	-3.7%	621,242	+2.2%	0.58%	-4.9%
ACN	Sell	ACCENTURE PLC IRELAND SHS CLAS	$19,495,000	+0.3%	239,737	-0.3%	0.58%	-0.9%
AAPL	Sell	APPLE INC	$19,420,000	+7.4%	192,750	-0.9%	0.58%	+6.2%
AXP	Buy	AMERICAN EXPRESS CO	$19,318,000	-4.0%	220,678	+4.0%	0.58%	-5.1%
	Buy	HUDSONS BAY CO NEW	$18,658,000	+322.0%	1,172,448	+320.3%	0.56%	+315.7%
MPC	Buy	MARATHON PETROLEUM CORP	$18,631,000	+64.1%	220,041	+51.3%	0.56%	+62.1%
HAIN	Buy	HAIN CELESTIAL GROUP INC	$18,058,000	+43.5%	176,432	+24.4%	0.54%	+41.8%
ITW	Sell	ILLINOIS TOOL WORKS INC	$17,787,000	-3.8%	210,691	-0.2%	0.53%	-5.0%
KRFT	Buy	KRAFT FOODS GROUP INC	$17,783,000	-2.0%	315,306	+4.2%	0.53%	-3.1%
KO	Sell	COCA-COLA CO	$16,991,000	-26.4%	398,292	-26.9%	0.51%	-27.3%
DGI	Buy	DIGITALGLOBE INC NEW	$16,928,000	+45.0%	593,954	+41.4%	0.50%	+43.1%
MMM	Sell	3M CO	$16,127,000	-27.6%	113,828	-26.8%	0.48%	-28.5%
AVB	Buy	AVALONBAY COMMUNITIES INC	$15,434,000	+0.6%	109,482	+1.5%	0.46%	-0.6%
HFC	Buy	HOLLYFRONTIER CORP	$15,306,000	+102.1%	350,413	+102.2%	0.46%	+99.6%
SYMC	Sell	SYMANTEC CORP	$15,258,000	-8.0%	649,017	-10.4%	0.46%	-9.2%
MET	Buy	METLIFE INC	$15,254,000	+2348.5%	283,958	+2433.8%	0.46%	+2294.7%
ZTS	Buy	ZOETIS INC CL A	$14,395,000	+115.8%	389,591	+88.5%	0.43%	+112.9%
LAMR	Sell	LAMAR ADVERTISING CO CL A	$14,277,000	-8.9%	289,883	-2.0%	0.43%	-10.1%
CL	Buy	COLGATE PALMOLIVE CO	$13,331,000	-3.9%	204,393	+0.5%	0.40%	-5.0%
DANOY	Buy	DANONE SPONSORED ADR	$13,185,000	-8.2%	984,689	+1.8%	0.39%	-9.4%
HON	Buy	HONEYWELL INTL INC	$12,475,000	+7.8%	133,965	+7.6%	0.37%	+6.3%
JNJ	Sell	JOHNSON & JOHNSON	$12,350,000	-2.1%	115,868	-3.9%	0.37%	-3.1%
WFM	Buy	WHOLE FOODS MARKET INC	$12,234,000	+58.4%	321,013	+60.6%	0.36%	+56.7%
NVO	Buy	NOVO-NORDISK A S ADR	$11,476,000	+45.6%	240,993	+41.2%	0.34%	+43.7%
SBUX	Sell	STARBUCKS CORP	$11,307,000	-5.4%	149,835	-3.0%	0.34%	-6.6%
DISCK	Buy	DISCOVERY COMMUNICATIONS NEW S	$10,987,000	+20.7%	294,725	+135.0%	0.33%	+19.3%
CVX	Sell	CHEVRON CORP NEW	$10,574,000	-19.9%	88,622	-12.3%	0.32%	-20.8%
LLTC	Sell	LINEAR TECHNOLOGY CORP	$9,927,000	-13.8%	223,643	-8.5%	0.30%	-14.9%
CLB	Buy	CORE LABORATORIES N V	$9,748,000	+121.7%	66,607	+153.1%	0.29%	+118.8%
AAL	Buy	AMERICAN AIRLINES GROUP INC	$9,741,000	+13.0%	274,538	+36.8%	0.29%	+11.5%
LVLT	Buy	LEVEL 3 COMMUNICATIONS NEW	$9,701,000	+184.5%	212,138	+173.2%	0.29%	+181.6%
PG	Sell	PROCTER & GAMBLE CO	$9,412,000	-5.3%	112,401	-11.1%	0.28%	-6.3%
NLSN	Buy	NIELSEN N V	$9,074,000	+0.3%	204,690	+9.5%	0.27%	-1.1%
VOD	Sell	VODAFONE GROUP PLC NEW SPNSR A	$8,956,000	-15.4%	272,303	-14.1%	0.27%	-16.6%
FB	Buy	FACEBOOK INC CL A	$8,528,000	+24.1%	107,899	+5.6%	0.26%	+22.6%
SSYS	New	STRATASYS LTD SHS	$8,193,000	–	67,832	–	0.24%	–
IBM	Buy	INTERNATIONAL BUSINESS MACHINE	$8,045,000	+12.3%	42,381	+7.2%	0.24%	+10.6%
ADBE	Buy	ADOBE SYSTEMS, INC	$7,638,000	-4.0%	110,385	+0.4%	0.23%	-5.4%
TU	Sell	TELUS CORP	$7,441,000	-21.6%	217,698	-14.6%	0.22%	-22.6%
XOM	Sell	EXXON MOBIL CORP	$7,271,000	-21.9%	77,313	-16.4%	0.22%	-22.8%
UTX	Sell	UNITED TECHNOLOGIES CORP	$6,561,000	-33.1%	62,127	-26.8%	0.20%	-33.8%
USB	Sell	US BANCORP DEL NEW	$6,350,000	-5.9%	151,811	-2.5%	0.19%	-6.9%
COH	Sell	COACH INC	$5,672,000	-31.7%	159,278	-34.5%	0.17%	-32.7%
EL	Buy	LAUDER ESTEE COS INC CL A	$4,805,000	+10.3%	64,311	+9.6%	0.14%	+8.3%
FAST	Buy	FASTENAL CO	$4,745,000	+6.7%	105,676	+17.7%	0.14%	+6.0%
WM	Buy	WASTE MANAGEMENT INC	$4,675,000	+6.4%	98,368	+0.2%	0.14%	+5.3%
FDX	Sell	FEDEX CORP	$4,561,000	+2.2%	28,249	-4.2%	0.14%	+0.7%
ADP	Sell	AUTOMATIC DATA PROCESSING	$4,395,000	-36.2%	52,902	-39.1%	0.13%	-37.0%
AIG	Buy	AMERICAN INTL GROUP NEW	$3,876,000	+0.1%	71,753	+1.2%	0.12%	-0.9%
UPS	Sell	UNITED PARCEL SERVICE CL B	$3,856,000	-5.9%	39,230	-1.7%	0.12%	-7.3%
STAR	Sell	ISTAR FINANCIAL INC	$3,488,000	-19.5%	258,355	-10.6%	0.10%	-20.6%
CRS	Buy	CARPENTER TECHNOLOGY CORP	$3,425,000	-15.9%	75,854	+17.8%	0.10%	-17.1%
CMCSA	Sell	COMCAST CORP CL A	$3,149,000	+0.1%	58,546	-0.2%	0.09%	-1.1%
DOW	Sell	DOW CHEMICAL CO	$3,123,000	-11.8%	59,549	-13.4%	0.09%	-13.1%
HSBC	Sell	HSBC HLDGS PLC SPON ADR NEW	$3,082,000	-26.2%	60,583	-26.3%	0.09%	-27.0%
MKC	Sell	MCCORMICK & CO INC	$2,989,000	-40.1%	44,682	-35.9%	0.09%	-41.1%
ABCO	New	ADVISORY BOARD CO	$2,749,000	–	59,014	–	0.08%	–
ABBV	Sell	ABBVIE INC	$2,668,000	-87.1%	46,193	-87.4%	0.08%	-87.2%
PFE	Buy	PFIZER INC	$2,417,000	+8.8%	81,721	+9.2%	0.07%	+7.5%
LB	Buy	L BRANDS INC	$2,037,000	+15.7%	30,418	+1.3%	0.06%	+15.1%
HTZ	Sell	HERTZ GLOBAL HOLDINGS INC	$2,027,000	-73.7%	79,835	-71.0%	0.06%	-74.2%
LBTYK	Sell	LIBERTY GLOBAL PLC SHS CL C	$1,901,000	-6.2%	46,344	-3.2%	0.06%	-6.6%
DISCA	Sell	DISCOVERY COMMUNICATIONS NEW S	$1,822,000	-72.5%	48,191	-46.0%	0.05%	-73.0%
HUBB	Sell	HUBBELL, INC CL B	$1,785,000	-17.2%	14,806	-15.4%	0.05%	-18.5%
WFC	Buy	WELLS FARGO & CO NEW	$1,746,000	+48.8%	33,662	+50.8%	0.05%	+48.6%
APA	Sell	APACHE CORP	$1,741,000	-23.1%	18,550	-17.5%	0.05%	-23.5%
HUBA	Sell	HUBBELL, INC CL A	$1,661,000	-27.1%	13,375	-26.8%	0.05%	-27.5%
PM	Buy	PHILIP MORRIS INTL INC	$1,506,000	+37.5%	18,055	+39.0%	0.04%	+36.4%
GILD	Buy	GILEAD SCIENCES INC	$1,332,000	+90.0%	12,512	+47.9%	0.04%	+90.5%
CAT	Buy	CATERPILLAR INC	$1,297,000	-0.2%	13,100	+9.5%	0.04%	0.0%
LUMN	Sell	CENTURYLINK INC	$1,289,000	-1.1%	31,528	-12.4%	0.04%	-2.6%
FOXA	Sell	TWENTY FIRST CENTURY FOX CL A	$1,190,000	-3.4%	34,711	-0.9%	0.04%	-2.7%
MO	Buy	ALTRIA GROUP INC	$1,185,000	+85.7%	25,790	+69.5%	0.04%	+84.2%
JCI	Sell	JOHNSON CONTROLS INC	$1,188,000	-61.6%	26,992	-56.4%	0.04%	-62.4%
T	Sell	AT&T INC	$1,165,000	-1.3%	33,062	-0.9%	0.04%	-2.8%
PRGO	New	PERRIGO CO PCL SHS	$1,146,000	–	7,629	–	0.03%	–
TWX	Sell	TIME WARNER INC NEW	$1,109,000	-14.0%	14,744	-19.7%	0.03%	-15.4%
BA	Sell	BOEING CO	$1,070,000	-2.3%	8,403	-2.4%	0.03%	-3.0%
BRKB	Sell	BERKSHIRE HATHAWAY INC CL B NE	$877,000	-12.6%	6,349	-19.9%	0.03%	-13.3%
COST	Sell	COSTCO WHOLESALE CORP NEW	$832,000	-9.1%	6,642	-16.4%	0.02%	-10.7%
VMC	Buy	VULCAN MATERIALS CO	$824,000	+1.1%	13,688	+7.0%	0.02%	0.0%
KMB	Buy	KIMBERLY CLARK CORP	$820,000	-3.1%	7,624	+0.2%	0.02%	-7.7%
CAM	Sell	CAMERON INTERNATIONAL CORP	$763,000	-10.6%	11,493	-8.7%	0.02%	-11.5%
CB	Buy	CHUBB CORP	$770,000	+8.9%	8,454	+10.2%	0.02%	+9.5%
TDG	Sell	TRANSDIGM GROUP INC	$681,000	+7.2%	3,695	-2.6%	0.02%	+5.3%
HSY	Buy	HERSHEY CO	$678,000	+28.2%	7,100	+30.7%	0.02%	+25.0%
MMC	Sell	MARSH & MCLENNAN COMPANIES, IN	$650,000	-34.9%	12,425	-35.5%	0.02%	-36.7%
AMZN	Buy	AMAZON.COM INC	$622,000	+15.6%	1,930	+16.5%	0.02%	+18.8%
HD	Buy	HOME DEPOT INC	$586,000	+39.5%	6,392	+23.1%	0.02%	+30.8%
C	Sell	CITIGROUP INC NEW	$566,000	-34.4%	10,930	-40.3%	0.02%	-34.6%
MCD	Sell	MCDONALD'S CORP	$553,000	-8.6%	5,829	-3.0%	0.02%	-5.6%
ESRX	Buy	EXPRESS SCRIPTS HOLDING CO	$578,000	+3.4%	8,184	+1.5%	0.02%	0.0%
UL	Sell	UNILEVER PLC SPON ADR NEW	$547,000	-10.9%	13,050	-3.7%	0.02%	-15.8%
DD	Buy	DU PONT, (E.I.)	$532,000	+16.2%	7,411	+5.8%	0.02%	+14.3%
SWK	New	STANLEY BLACK & DECKER	$524,000	–	5,905	–	0.02%	–
DE	Buy	DEERE & CO	$425,000	-5.6%	5,183	+4.3%	0.01%	-7.1%
NEE	Buy	NEXTERA ENERGY INC	$446,000	+2.8%	4,754	+12.2%	0.01%	0.0%
OPK	New	OPKO HEALTH INC	$426,000	–	50,000	–	0.01%	–
APC	Buy	ANADARKO PETROLEUM CORP	$435,000	-6.0%	4,291	+1.5%	0.01%	-7.1%
ZBH	Buy	ZIMMER HOLDINGS INC	$444,000	+9.1%	4,416	+12.8%	0.01%	+8.3%
UNP	Buy	UNION PACIFIC CORP	$448,000	+77.1%	4,133	+63.2%	0.01%	+62.5%
EMC	Buy	E M C CORP	$443,000	+25.5%	15,154	+12.9%	0.01%	+18.2%
WBC	Sell	WABCO HOLDINGS INC	$426,000	-24.5%	4,680	-11.4%	0.01%	-23.5%
GWW	Buy	GRAINGER (W.W.), INC	$421,000	+18.6%	1,674	+19.8%	0.01%	+18.2%
CHK	New	CHESAPEAKE ENERGY CORP	$418,000	–	18,179	–	0.01%	–
BIIB	Buy	BIOGEN IDEC INC	$410,000	+68.7%	1,240	+61.0%	0.01%	+71.4%
CVS	Sell	CVS HEALTH CORP	$394,000	-10.7%	4,953	-15.4%	0.01%	-7.7%
ED	New	CONSOLIDATED EDISON INC	$413,000	–	7,283	–	0.01%	–
COP	Buy	CONOCOPHILLIPS	$386,000	+5.5%	5,042	+18.2%	0.01%	+9.1%
TEX	New	TEREX CORP NEW	$361,000	–	11,353	–	0.01%	–
BAC	Buy	BANK OF AMERICA CORP	$371,000	+15.6%	21,754	+4.0%	0.01%	+10.0%
BDX	Sell	BECTON DICKINSON & CO	$384,000	-4.0%	3,370	-0.3%	0.01%	-8.3%
MAS	New	MASCO CORP	$359,000	–	15,000	–	0.01%	–
BAX	Buy	BAXTER INTL INC	$343,000	+12.1%	4,774	+12.9%	0.01%	+11.1%
SON	Sell	SONOCO PRODUCTS CO	$340,000	-23.3%	8,666	-14.1%	0.01%	-23.1%
CMI	Buy	CUMMINS INC	$324,000	+47.3%	2,452	+71.8%	0.01%	+42.9%
AGN	New	ALLERGAN INC	$301,000	–	1,690	–	0.01%	–
EOG	Sell	EOG RESOURCES INC	$317,000	-20.8%	3,200	-6.4%	0.01%	-25.0%
NOK	Sell	NOKIA CORP SPON ADR	$315,000	-24.8%	37,288	-32.7%	0.01%	-30.8%
ORCL	Buy	ORACLE CORP	$303,000	+30.6%	7,908	+38.1%	0.01%	+28.6%
	New	LIBERTY MEDIA INTERACTIVE SER	$287,000	–	10,050	–	0.01%	–
MNST	New	MONSTER BEVERAGE CORP	$286,000	–	3,125	–	0.01%	–
PTEN	Sell	PATTERSON-UTI ENERGY INC	$277,000	-14.8%	8,500	-8.6%	0.01%	-20.0%
DUK	Sell	DUKE ENERGY CORP NEW	$254,000	-16.2%	3,401	-16.7%	0.01%	-11.1%
HPQ	Buy	HEWLETT PACKARD CO	$266,000	+15.7%	7,511	+9.8%	0.01%	+14.3%
GIS	Sell	GENERAL MILLS INC	$261,000	-6.8%	5,173	-2.8%	0.01%	0.0%
MLM	New	MARTIN MARIETTA MATERIALS INC	$272,000	–	2,110	–	0.01%	–
MS	Sell	MORGAN STANLEY NEW	$278,000	-19.0%	8,029	-24.4%	0.01%	-20.0%
TRST	New	TRUSTCO BK CORP N Y	$238,000	–	37,000	–	0.01%	–
UPLMQ	New	ULTRA PETROLEUM CORP	$233,000	–	10,000	–	0.01%	–
TGT	Sell	TARGET CORP	$221,000	+0.9%	3,532	-6.4%	0.01%	0.0%
NKE	New	NIKE INC CL B	$234,000	–	2,620	–	0.01%	–
MAA	Sell	MID-AMER APT CMNTYS	$223,000	-60.5%	3,400	-56.1%	0.01%	-58.8%
IP	Buy	INTERNATIONAL PAPER CO	$233,000	-3.3%	4,874	+2.1%	0.01%	0.0%
EPD	Buy	ENTERPRISE PRODUCTS PARTNERS	$234,000	-6.8%	5,800	+81.2%	0.01%	-12.5%
BK	Sell	BANK OF NEW YORK MELLON CORP	$211,000	-18.5%	5,452	-21.2%	0.01%	-25.0%
FCX	Sell	FREEPORT-MCMORAN INC CL B	$215,000	-39.6%	6,580	-32.5%	0.01%	-45.5%
WFD	New	WESTFIELD FINANCIAL INC NEW	$191,000	–	27,000	–	0.01%	–
BBT	Buy	BB&T CORP	$213,000	-1.8%	5,724	+4.1%	0.01%	-14.3%
HCA	New	HCA HOLDINGS INC	$212,000	–	3,000	–	0.01%	–
LLY	New	LILLY ELI & CO	$212,000	–	3,262	–	0.01%	–
D	New	DOMINION RESOURCES INC	$204,000	–	2,952	–	0.01%	–
BIDU	New	BAIDU INC SPON ADR REP A	$207,000	–	950	–	0.01%	–
CCI	New	CROWN CASTLE INTL CORP	$201,000	–	2,500	–	0.01%	–
CLX	New	CLOROX CO	$204,000	–	2,127	–	0.01%	–
BXP	Buy	BOSTON PROPERTIES INC REIT	$212,000	-0.5%	1,830	+1.7%	0.01%	0.0%
SCHW	Sell	CHARLES SCHWAB CORP NEW	$208,000	-4.1%	7,074	-12.1%	0.01%	-14.3%
FULT	Sell	FULTON FINANCIAL CORP PA	$121,000	-42.4%	10,950	-35.4%	0.00%	-33.3%
TGB	New	TASEKO MINES LTD	$17,000	–	10,000	–	0.00%	–
MNI	Sell	MCCLATCHY CO CL A	$34,000	-39.3%	10,000	-1.0%	0.00%	-50.0%
FCPG	New	FIRST CHINA PHARMACEUTICAL GRO	$0	–	10,000	–	0.00%	–
PMFG	Exit	PMFG INC	$0	–	-13,000	–	-0.00%	–
JDSU	Exit	JDS UNIPHASE CORP	$0	–	-13,383	–	-0.01%	–
TXI	Exit	TEXAS INDUSTRIES INC	$0	–	-2,300	–	-0.01%	–
DOV	Exit	DOVER CORP	$0	–	-2,328	–	-0.01%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-5,675	–	-0.01%	–
NJR	Exit	NEW JERSEY RESOURCE CORP	$0	–	-3,500	–	-0.01%	–
TOL	Exit	TOLL BROTHERS INC	$0	–	-5,500	–	-0.01%	–
CSTM	Exit	CONSTELLIUM NV CL A	$0	–	-7,000	–	-0.01%	–
TXT	Exit	TEXTRON INC	$0	–	-5,915	–	-0.01%	–
TWC	Exit	TIME WARNER CABLE INC	$0	–	-1,714	–	-0.01%	–
QRTEA	Exit	LIBERTY MEDIA INTERACTIVE SER	$0	–	-10,050	–	-0.01%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-1,238	–	-0.01%	–
TIF	Exit	TIFFANY & CO NEW	$0	–	-4,015	–	-0.01%	–
TKR	Exit	TIMKEN CO	$0	–	-7,470	–	-0.02%	–
CRRTQ	Exit	CARBO CERAMICS INC	$0	–	-14,795	–	-0.07%	–

Q2 2014

			Value		Shares		↓ Weighting
DAL	New	DELTA AIR LINES, INC	$103,018,000	–	2,660,592	–	3.11%	–
ILMN	New	ILLUMINA INC	$79,535,000	–	445,472	–	2.40%	–
UAL	New	UNITED CONTINENTAL HOLDINGS IN	$70,514,000	–	1,716,923	–	2.13%	–
QCOM	New	QUALCOMM INC	$67,465,000	–	851,825	–	2.04%	–
AA	New	ALCOA INC	$65,660,000	–	4,409,692	–	1.98%	–
BWA	New	BORG WARNER INC	$64,563,000	–	990,388	–	1.95%	–
GE	New	GENERAL ELECTRIC CO	$64,056,000	–	2,437,427	–	1.94%	–
GM	New	GENERAL MOTORS CO	$63,015,000	–	1,735,958	–	1.90%	–
F	New	FORD MOTOR CO	$61,916,000	–	3,591,386	–	1.87%	–
HAR	New	HARMAN INTERNATIONAL INDS INC	$61,254,000	–	570,177	–	1.85%	–
CSCO	New	CISCO SYSTEMS INC	$55,804,000	–	2,245,623	–	1.69%	–
V	New	VISA INC CL A	$54,229,000	–	257,364	–	1.64%	–
YUM	New	YUM BRANDS INC	$51,577,000	–	635,186	–	1.56%	–
MSFT	New	MICROSOFT CORP	$51,161,000	–	1,226,874	–	1.55%	–
NVS	New	NOVARTIS A G SPON ADR	$50,194,000	–	554,443	–	1.52%	–
MRK	New	MERCK & CO INC NEW	$49,877,000	–	862,178	–	1.51%	–
QGEN	New	QIAGEN NV ORD	$48,176,000	–	1,970,371	–	1.46%	–
LUV	New	SOUTHWEST AIRLINES CO	$45,695,000	–	1,701,213	–	1.38%	–
AMGN	New	AMGEN, INC	$44,299,000	–	374,246	–	1.34%	–
MA	New	MASTERCARD INC CL A	$44,305,000	–	603,029	–	1.34%	–
EMR	New	EMERSON ELECTRIC CO	$42,662,000	–	642,880	–	1.29%	–
GLW	New	CORNING INC	$42,555,000	–	1,938,740	–	1.29%	–
MCHP	New	MICROCHIP TECHNOLOGY INC	$42,491,000	–	870,546	–	1.28%	–
DHR	New	DANAHER CORP DEL	$42,013,000	–	533,635	–	1.27%	–
PAY	New	VERIFONE SYSTEMS INC	$41,750,000	–	1,136,041	–	1.26%	–
TMO	New	THERMO FISHER SCIENTIFIC	$40,950,000	–	347,038	–	1.24%	–
AL	New	AIR LEASE CORP CL A	$39,748,000	–	1,030,265	–	1.20%	–
EQIX	New	EQUINIX INC NEW	$39,460,000	–	187,826	–	1.19%	–
NSRGY	New	NESTLE S A SPON ADR	$38,952,000	–	502,809	–	1.18%	–
ECL	New	ECOLAB INC	$38,060,000	–	341,833	–	1.15%	–
3106PS	New	DELPHI AUTOMOTIVE PLC SHS	$37,882,000	–	551,084	–	1.14%	–
XRAY	New	DENTSPLY INTL INC NEW	$37,306,000	–	787,880	–	1.13%	–
PEP	New	PEPSICO INC	$35,206,000	–	394,067	–	1.06%	–
SRCL	New	STERICYCLE INC	$34,921,000	–	294,887	–	1.06%	–
CERN	New	CERNER CORP	$34,031,000	–	659,772	–	1.03%	–
VTR	New	VENTAS INC	$33,699,000	–	525,727	–	1.02%	–
PLD	New	PROLOGIS INC	$33,665,000	–	819,300	–	1.02%	–
GCI	New	GANNETT CO, INC	$32,684,000	–	1,043,871	–	0.99%	–
VC	New	VISTEON CORP NEW	$32,639,000	–	336,451	–	0.99%	–
VRSK	New	VERISK ANALYTICS INC CL A	$31,796,000	–	529,749	–	0.96%	–
MDLZ	New	MONDELEZ INTL INC CL A	$30,585,000	–	813,211	–	0.92%	–
GOOG	New	GOOGLE INC CL C	$30,129,000	–	52,373	–	0.91%	–
ABT	New	ABBOTT LABORATORIES	$30,019,000	–	733,969	–	0.91%	–
PX	New	PRAXAIR INC	$29,740,000	–	223,876	–	0.90%	–
NCR	New	NCR CORP	$29,553,000	–	842,215	–	0.89%	–
DEO	New	DIAGEO PLC ADR	$29,211,000	–	229,520	–	0.88%	–
INTC	New	INTEL CORP	$29,200,000	–	944,970	–	0.88%	–
AMT	New	AMERICAN TOWER CORP REIT	$28,949,000	–	321,729	–	0.88%	–
CELG	New	CELGENE CORP	$28,364,000	–	330,279	–	0.86%	–
LUXTY	New	LUXOTTICA GROUP S P A SPON ADR	$27,798,000	–	479,603	–	0.84%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$27,723,000	–	215,543	–	0.84%	–
EXPD	New	EXPEDITORS INTL OF WASHINGTON	$27,182,000	–	615,535	–	0.82%	–
IHS	New	IHS INC CL A	$26,298,000	–	193,835	–	0.80%	–
DNKN	New	DUNKIN BRANDS GROUP INC	$26,142,000	–	570,670	–	0.79%	–
UN	New	UNILEVER N.V. (NY SHS)	$26,151,000	–	597,610	–	0.79%	–
GOOGL	New	GOOGLE INC CL A	$25,679,000	–	43,921	–	0.78%	–
SLB	New	SCHLUMBERGER LTD	$24,081,000	–	204,165	–	0.73%	–
JPM	New	JPMORGAN CHASE & CO	$23,818,000	–	413,358	–	0.72%	–
DIS	New	DISNEY (WALT) CO	$23,218,000	–	270,793	–	0.70%	–
KO	New	COCA-COLA CO	$23,075,000	–	544,727	–	0.70%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$22,719,000	–	468,334	–	0.69%	–
ETN	New	EATON CORP PLC SHS	$22,320,000	–	289,189	–	0.68%	–
MMM	New	3M CO	$22,260,000	–	155,403	–	0.67%	–
EBAY	New	EBAY INC	$21,790,000	–	435,278	–	0.66%	–
TRI	New	THOMSON REUTERS CORP	$21,610,000	–	594,348	–	0.65%	–
CMCSK	New	COMCAST CORP SPL CL A (NON VOT	$21,320,000	–	399,782	–	0.64%	–
SNY	New	SANOFI SPONSORED ADR	$21,156,000	–	397,893	–	0.64%	–
VZ	New	VERIZON COMMUNICATIONS INC	$20,967,000	–	428,508	–	0.63%	–
ABBV	New	ABBVIE INC	$20,681,000	–	366,432	–	0.62%	–
BX	New	BLACKSTONE GROUP L P UNIT LTD	$20,318,000	–	607,582	–	0.61%	–
AXP	New	AMERICAN EXPRESS CO	$20,127,000	–	212,158	–	0.61%	–
ACN	New	ACCENTURE PLC IRELAND SHS CLAS	$19,431,000	–	240,358	–	0.59%	–
ITW	New	ILLINOIS TOOL WORKS INC	$18,485,000	–	211,114	–	0.56%	–
KRFT	New	KRAFT FOODS GROUP INC	$18,145,000	–	302,666	–	0.55%	–
AAPL	New	APPLE INC	$18,077,000	–	194,519	–	0.55%	–
XPO	New	XPO LOGISTICS INC	$16,956,000	–	592,470	–	0.51%	–
SYMC	New	SYMANTEC CORP	$16,593,000	–	724,594	–	0.50%	–
YHOO	New	YAHOO INC	$15,747,000	–	448,238	–	0.48%	–
LAMR	New	LAMAR ADVERTISING CO CL A	$15,680,000	–	295,843	–	0.47%	–
VLO	New	VALERO ENERGY CORP	$15,372,000	–	306,832	–	0.46%	–
AVB	New	AVALONBAY COMMUNITIES INC	$15,339,000	–	107,876	–	0.46%	–
DANOY	New	DANONE SPONSORED ADR	$14,367,000	–	967,341	–	0.43%	–
CL	New	COLGATE PALMOLIVE CO	$13,865,000	–	203,353	–	0.42%	–
CVX	New	CHEVRON CORP NEW	$13,195,000	–	101,074	–	0.40%	–
JNJ	New	JOHNSON & JOHNSON	$12,612,000	–	120,548	–	0.38%	–
HAIN	New	HAIN CELESTIAL GROUP INC	$12,588,000	–	141,849	–	0.38%	–
SBUX	New	STARBUCKS CORP	$11,956,000	–	154,515	–	0.36%	–
DGI	New	DIGITALGLOBE INC NEW	$11,675,000	–	419,964	–	0.35%	–
HON	New	HONEYWELL INTL INC	$11,573,000	–	124,510	–	0.35%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$11,511,000	–	244,545	–	0.35%	–
MPC	New	MARATHON PETROLEUM CORP	$11,352,000	–	145,403	–	0.34%	–
VOD	New	VODAFONE GROUP PLC NEW SPNSR A	$10,581,000	–	316,881	–	0.32%	–
PG	New	PROCTER & GAMBLE CO	$9,941,000	–	126,487	–	0.30%	–
UTX	New	UNITED TECHNOLOGIES CORP	$9,805,000	–	84,929	–	0.30%	–
TU	New	TELUS CORP	$9,492,000	–	254,898	–	0.29%	–
XOM	New	EXXON MOBIL CORP	$9,307,000	–	92,445	–	0.28%	–
DISCK	New	DISCOVERY COMMUNICATIONS NEW S	$9,106,000	–	125,441	–	0.28%	–
NLSN	New	NIELSEN N V	$9,050,000	–	186,940	–	0.27%	–
AAL	New	AMERICAN AIRLINES GROUP INC	$8,621,000	–	200,673	–	0.26%	–
COH	New	COACH INC	$8,310,000	–	243,050	–	0.25%	–
ADBE	New	ADOBE SYSTEMS, INC	$7,958,000	–	109,975	–	0.24%	–
NVO	New	NOVO-NORDISK A S ADR	$7,881,000	–	170,621	–	0.24%	–
HTZ	New	HERTZ GLOBAL HOLDINGS INC	$7,715,000	–	275,225	–	0.23%	–
WFM	New	WHOLE FOODS MARKET INC	$7,722,000	–	199,902	–	0.23%	–
HFC	New	HOLLYFRONTIER CORP	$7,573,000	–	173,338	–	0.23%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$7,165,000	–	39,529	–	0.22%	–
ADP	New	AUTOMATIC DATA PROCESSING	$6,889,000	–	86,897	–	0.21%	–
FB	New	FACEBOOK INC CL A	$6,874,000	–	102,149	–	0.21%	–
USB	New	US BANCORP DEL NEW	$6,748,000	–	155,777	–	0.20%	–
ZTS	New	ZOETIS INC CL A	$6,669,000	–	206,670	–	0.20%	–
DISCA	New	DISCOVERY COMMUNICATIONS NEW S	$6,625,000	–	89,196	–	0.20%	–
MKC	New	MCCORMICK & CO INC	$4,990,000	–	69,701	–	0.15%	–
FDX	New	FEDEX CORP	$4,462,000	–	29,474	–	0.14%	–
	New	HUDSONS BAY CO NEW	$4,421,000	–	278,945	–	0.13%	–
FAST	New	FASTENAL CO	$4,445,000	–	89,811	–	0.13%	–
CLB	New	CORE LABORATORIES N V	$4,396,000	–	26,315	–	0.13%	–
WM	New	WASTE MANAGEMENT INC	$4,392,000	–	98,188	–	0.13%	–
EL	New	LAUDER ESTEE COS INC CL A	$4,358,000	–	58,690	–	0.13%	–
STAR	New	ISTAR FINANCIAL INC	$4,331,000	–	289,095	–	0.13%	–
HSBC	New	HSBC HLDGS PLC SPON ADR NEW	$4,178,000	–	82,235	–	0.13%	–
UPS	New	UNITED PARCEL SERVICE CL B	$4,098,000	–	39,919	–	0.12%	–
CRS	New	CARPENTER TECHNOLOGY CORP	$4,074,000	–	64,418	–	0.12%	–
AIG	New	AMERICAN INTL GROUP NEW	$3,872,000	–	70,936	–	0.12%	–
DOW	New	DOW CHEMICAL CO	$3,539,000	–	68,774	–	0.11%	–
LVLT	New	LEVEL 3 COMMUNICTIONS NEW	$3,410,000	–	77,648	–	0.10%	–
CMCSA	New	COMCAST CORP CL A	$3,147,000	–	58,634	–	0.10%	–
JCI	New	JOHNSON CONTROLS INC	$3,091,000	–	61,905	–	0.09%	–
HUBA	New	HUBBELL, INC CL A	$2,279,000	–	18,260	–	0.07%	–
CRRTQ	New	CARBO CERAMICS INC	$2,280,000	–	14,795	–	0.07%	–
APA	New	APACHE CORP	$2,264,000	–	22,496	–	0.07%	–
PFE	New	PFIZER INC	$2,222,000	–	74,864	–	0.07%	–
HUBB	New	HUBBELL, INC CL B	$2,156,000	–	17,506	–	0.06%	–
LBTYK	New	LIBERTY GLOBAL PLC SHS CL C	$2,026,000	–	47,894	–	0.06%	–
LB	New	L BRANDS INC	$1,761,000	–	30,019	–	0.05%	–
LUMN	New	CENTURYLINK INC	$1,303,000	–	35,993	–	0.04%	–
CAT	New	CATERPILLAR INC	$1,300,000	–	11,961	–	0.04%	–
TWX	New	TIME WARNER INC NEW	$1,289,000	–	18,355	–	0.04%	–
FOXA	New	TWENTY FIRST CENTURY FOX CL A	$1,232,000	–	35,039	–	0.04%	–
T	New	AT&T INC	$1,180,000	–	33,359	–	0.04%	–
WFC	New	WELLS FARGO & CO NEW	$1,173,000	–	22,318	–	0.04%	–
BA	New	BOEING CO	$1,095,000	–	8,606	–	0.03%	–
PM	New	PHILIP MORRIS INTL INC	$1,095,000	–	12,991	–	0.03%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B NE	$1,004,000	–	7,931	–	0.03%	–
MMC	New	MARSH & MCLENNAN COMPANIES, IN	$998,000	–	19,264	–	0.03%	–
COST	New	COSTCO WHOLESALE CORP NEW	$915,000	–	7,945	–	0.03%	–
CAM	New	CAMERON INTERNATIONAL CORP	$853,000	–	12,593	–	0.03%	–
KMB	New	KIMBERLY CLARK CORP	$846,000	–	7,610	–	0.03%	–
C	New	CITIGROUP INC NEW	$863,000	–	18,317	–	0.03%	–
VMC	New	VULCAN MATERIALS CO	$815,000	–	12,787	–	0.02%	–
GILD	New	GILEAD SCIENCES INC	$701,000	–	8,457	–	0.02%	–
CB	New	CHUBB CORP	$707,000	–	7,670	–	0.02%	–
MO	New	ALTRIA GROUP INC	$638,000	–	15,219	–	0.02%	–
UL	New	UNILEVER PLC SPON ADR NEW	$614,000	–	13,550	–	0.02%	–
TDG	New	TRANSDIGM GROUP INC	$635,000	–	3,795	–	0.02%	–
MET	New	METLIFE INC	$623,000	–	11,207	–	0.02%	–
MCD	New	MCDONALD'S CORP	$605,000	–	6,010	–	0.02%	–
MAA	New	MID-AMER APT CMNTYS	$565,000	–	7,739	–	0.02%	–
WBC	New	WABCO HOLDINGS INC	$564,000	–	5,280	–	0.02%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$559,000	–	8,064	–	0.02%	–
AMZN	New	AMAZON.COM INC	$538,000	–	1,656	–	0.02%	–
HSY	New	HERSHEY CO	$529,000	–	5,434	–	0.02%	–
TKR	New	TIMKEN CO	$507,000	–	7,470	–	0.02%	–
DD	New	DU PONT, (E.I.)	$458,000	–	7,003	–	0.01%	–
APC	New	ANADARKO PETROLEUM CORP	$463,000	–	4,227	–	0.01%	–
DE	New	DEERE & CO	$450,000	–	4,968	–	0.01%	–
NEE	New	NEXTERA ENERGY INC	$434,000	–	4,236	–	0.01%	–
NOK	New	NOKIA CORP SPON ADR	$419,000	–	55,393	–	0.01%	–
CVS	New	CVS CAREMARK CORP	$441,000	–	5,853	–	0.01%	–
SON	New	SONOCO PRODUCTS CO	$443,000	–	10,090	–	0.01%	–
HD	New	HOME DEPOT INC	$420,000	–	5,193	–	0.01%	–
EOG	New	EOG RESOURCES INC	$400,000	–	3,420	–	0.01%	–
BDX	New	BECTON DICKINSON & CO	$400,000	–	3,380	–	0.01%	–
ZBH	New	ZIMMER HOLDINGS INC	$407,000	–	3,916	–	0.01%	–
TIF	New	TIFFANY & CO NEW	$403,000	–	4,015	–	0.01%	–
GWW	New	GRAINGER (W.W.), INC	$355,000	–	1,397	–	0.01%	–
EMC	New	E M C CORP	$353,000	–	13,420	–	0.01%	–
COP	New	CONOCOPHILLIPS	$366,000	–	4,265	–	0.01%	–
FCX	New	FREEPORT-MCMORAN COPPER & GOLD	$356,000	–	9,750	–	0.01%	–
BAC	New	BANK OF AMERICA CORP	$321,000	–	20,913	–	0.01%	–
ODFL	New	OLD DOMINION FREIGHT LINE	$322,000	–	5,050	–	0.01%	–
MS	New	MORGAN STANLEY NEW	$343,000	–	10,624	–	0.01%	–
PTEN	New	PATTERSON-UTI ENERGY INC	$325,000	–	9,300	–	0.01%	–
CP	New	CANADIAN PAC RAILWAY LTD	$295,000	–	1,627	–	0.01%	–
QRTEA	New	LIBERTY MEDIA INTERACTIVE SER	$295,000	–	10,050	–	0.01%	–
BAX	New	BAXTER INTL INC	$306,000	–	4,229	–	0.01%	–
DUK	New	DUKE ENERGY CORP NEW	$303,000	–	4,084	–	0.01%	–
PCP	New	PRECISION CASTPARTS CORP	$312,000	–	1,238	–	0.01%	–
GIS	New	GENERAL MILLS INC	$280,000	–	5,323	–	0.01%	–
EPD	New	ENTERPRISE PRODUCTS PARTNERS	$251,000	–	3,201	–	0.01%	–
TWC	New	TIME WARNER CABLE INC	$252,000	–	1,714	–	0.01%	–
UNP	New	UNION PACIFIC CORP	$253,000	–	2,533	–	0.01%	–
BK	New	BANK OF NEW YORK MELLON CORP	$259,000	–	6,922	–	0.01%	–
HPQ	New	HEWLETT PACKARD CO	$230,000	–	6,840	–	0.01%	–
CSTM	New	CONSTELLIUM NV CL A	$224,000	–	7,000	–	0.01%	–
IP	New	INTERNATIONAL PAPER CO	$241,000	–	4,774	–	0.01%	–
SCHW	New	CHARLES SCHWAB CORP NEW	$217,000	–	8,049	–	0.01%	–
CMI	New	CUMMINS INC	$220,000	–	1,427	–	0.01%	–
BIIB	New	BIOGEN IDEC INC	$243,000	–	770	–	0.01%	–
ORCL	New	ORACLE CORP	$232,000	–	5,728	–	0.01%	–
BBT	New	BB&T CORP	$217,000	–	5,500	–	0.01%	–
TGT	New	TARGET CORP	$219,000	–	3,773	–	0.01%	–
TXT	New	TEXTRON INC	$226,000	–	5,915	–	0.01%	–
FULT	New	FULTON FINANCIAL CORP PA	$210,000	–	16,950	–	0.01%	–
BXP	New	BOSTON PROPERTIES INC REIT	$213,000	–	1,800	–	0.01%	–
POT	New	POTASH CORP SASK INC	$215,000	–	5,675	–	0.01%	–
DOV	New	DOVER CORP	$212,000	–	2,328	–	0.01%	–
TXI	New	TEXAS INDUSTRIES INC	$212,000	–	2,300	–	0.01%	–
NJR	New	NEW JERSEY RESOURCE CORP	$200,000	–	3,500	–	0.01%	–
KEY	New	KEYCORP NEW	$201,000	–	14,000	–	0.01%	–
NGG	New	NATIONAL GRID PLC SPON ADR NEW	$208,000	–	2,800	–	0.01%	–
TOL	New	TOLL BROTHERS INC	$203,000	–	5,500	–	0.01%	–
JDSU	New	JDS UNIPHASE CORP	$167,000	–	13,383	–	0.01%	–
HBAN	New	HUNTINGTON BANCSHARES	$177,000	–	18,535	–	0.01%	–
JBLU	New	JETBLUE AIRWAYS CORP	$110,000	–	10,150	–	0.00%	–
MNI	New	MCCLATCHY CO CL A	$56,000	–	10,102	–	0.00%	–
PMFG	New	PMFG INC	$69,000	–	13,000	–	0.00%	–
LEE	New	LEE ENTERPRISES INC	$45,000	–	10,000	–	0.00%	–
UGSI	New	UNDERGROUND SOLUTIONS	$1,000	–	10,000	–	0.00%	–
SLUP	New	SOLUCORP INDUSTRIES LTD	$0	–	17,000	–	0.00%	–
CAMH	New	CAMBRIDGE HEART INC	$0	–	302,350	–	0.00%	–
APDN	New	APPLIED DNA SCIENCES	$5,000	–	45,000	–	0.00%	–
HRCT	New	HARTCOURT COMPANIES INC NEW	$0	–	10,000	–	0.00%	–
ACPIQ	New	ANTHRACITE CAP INC	$0	–	11,276	–	0.00%	–
CNET	New	CHINANET ONLINE HOLDINGS	$16,000	–	20,000	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
HRCT	Exit	HARTCOURT COMPANIES INC NEW	$0	–	-10,000	–	0.00%	–
UGSI	Exit	UNDERGROUND SOLUTIONS	$0	–	-10,000	–	0.00%	–
CNET	Exit	CHINANET ONLINE HOLDINGS	$0	–	-20,000	–	0.00%	–
CAMH	Exit	CAMBRIDGE HEART INC	$0	–	-302,350	–	0.00%	–
ACPIQ	Exit	ANTHRACITE CAP INC	$0	–	-11,276	–	0.00%	–
LEE	Exit	LEE ENTERPRISES INC	$0	–	-15,000	–	-0.00%	–
AAMRQ	Exit	AMR CORP	$0	–	-10,200	–	-0.00%	–
MNI	Exit	MCCLATCHY CO CL A	$0	–	-15,000	–	-0.00%	–
SIGA	Exit	SIGA TECHNOLOGIES INC	$0	–	-25,489	–	-0.00%	–
RF	Exit	REGIONS FINANCIAL CORP	$0	–	-13,573	–	-0.01%	–
JBLU	Exit	JETBLUE AIRWAYS CORP	$0	–	-20,000	–	-0.01%	–
PPG	Exit	PPG INDUSTRIES INC	$0	–	-1,208	–	-0.01%	–
FULT	Exit	FULTON FINANCIAL CORP PA	$0	–	-18,100	–	-0.01%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-16,711	–	-0.01%	–
DOV	Exit	DOVER CORP	$0	–	-2,501	–	-0.01%	–
ORCL	Exit	ORACLE CORP	$0	–	-6,392	–	-0.01%	–
CVS	Exit	CVS CAREMARK CORP	$0	–	-3,665	–	-0.01%	–
EPD	Exit	ENTERPRISE PRODUCTS PARTNERS	$0	–	-3,888	–	-0.01%	–
EMC	Exit	E M C CORP	$0	–	-10,162	–	-0.01%	–
HD	Exit	HOME DEPOT INC	$0	–	-3,101	–	-0.01%	–
QRTEA	Exit	LIBERTY MEDIA INTERACTIVE SER	$0	–	-10,238	–	-0.01%	–
GWW	Exit	GRAINGER (W.W.), INC	$0	–	-993	–	-0.01%	–
CLX	Exit	CLOROX CO	$0	–	-3,212	–	-0.01%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC SPON ADR	$0	–	-4,118	–	-0.01%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-4,627	–	-0.01%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO	$0	–	-5,599	–	-0.01%	–
HSY	Exit	HERSHEY CO	$0	–	-3,734	–	-0.01%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-8,350	–	-0.01%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDUSTRIES	$0	–	-9,855	–	-0.01%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-8,009	–	-0.01%	–
MCD	Exit	MCDONALD'S CORP	$0	–	-3,921	–	-0.01%	–
TWC	Exit	TIME WARNER CABLE INC	$0	–	-3,663	–	-0.02%	–
DD	Exit	DU PONT, (E.I.)	$0	–	-7,560	–	-0.02%	–
NUE	Exit	NUCOR CORP	$0	–	-8,700	–	-0.02%	–
SYY	Exit	SYSCO CORP	$0	–	-13,820	–	-0.02%	–
BA	Exit	BOEING CO	$0	–	-4,166	–	-0.02%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-14,584	–	-0.02%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-5,403	–	-0.02%	–
AMAT	Exit	APPLIED MATERIALS, INC	$0	–	-29,760	–	-0.02%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-8,414	–	-0.02%	–
CB	Exit	CHUBB CORP	$0	–	-6,167	–	-0.02%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-11,967	–	-0.02%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-1,810	–	-0.02%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-8,688	–	-0.02%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-5,989	–	-0.02%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-8,066	–	-0.02%	–
TDG	Exit	TRANSDIGM GROUP INC	$0	–	-4,950	–	-0.02%	–
FAST	Exit	FASTENAL CO	$0	–	-13,590	–	-0.02%	–
LB	Exit	L BRANDS INC	$0	–	-11,535	–	-0.03%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-16,970	–	-0.03%	–
T	Exit	AT&T INC	$0	–	-21,834	–	-0.03%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-14,387	–	-0.03%	–
PTEN	Exit	PATTERSON-UTI ENERGY INC	$0	–	-34,174	–	-0.03%	–
COST	Exit	COSTCO WHOLESALE CORP NEW	$0	–	-6,525	–	-0.03%	–
WBC	Exit	WABCO HOLDINGS INC	$0	–	-8,955	–	-0.03%	–
CLB	Exit	CORE LABORATORIES N V	$0	–	-4,492	–	-0.03%	–
UL	Exit	UNILEVER PLC SPON ADR NEW	$0	–	-20,191	–	-0.03%	–
DE	Exit	DEERE & CO	$0	–	-10,407	–	-0.03%	–
CLP	Exit	COLONIAL PPTYS TR SH BEN INT	$0	–	-38,860	–	-0.03%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-12,648	–	-0.03%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CL B NE	$0	–	-8,204	–	-0.03%	–
CAM	Exit	CAMERON INTERNATIONAL CORP	$0	–	-16,405	–	-0.04%	–
NOK	Exit	NOKIA CORP SPON ADR	$0	–	-165,440	–	-0.04%	–
FB	Exit	FACEBOOK INC CL A	$0	–	-23,238	–	-0.04%	–
CAT	Exit	CATERPILLAR INC	$0	–	-18,244	–	-0.06%	–
PFE	Exit	PFIZER INC	$0	–	-61,710	–	-0.06%	–
ADBE	Exit	ADOBE SYSTEMS, INC	$0	–	-38,690	–	-0.07%	–
LBTYK	Exit	LIBERTY GLOBAL PLC SHS CL C	$0	–	-29,118	–	-0.08%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-56,134	–	-0.09%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-28,292	–	-0.10%	–
PAYX	Exit	PAYCHEX INC	$0	–	-69,606	–	-0.10%	–
APA	Exit	APACHE CORP	$0	–	-34,075	–	-0.11%	–
MMC	Exit	MARSH & MCLENNAN COMPANIES, IN	$0	–	-70,027	–	-0.11%	–
SON	Exit	SONOCO PRODUCTS CO	$0	–	-79,038	–	-0.11%	–
SBGSY	Exit	SCHNEIDER ELECTRIC SA ADR	$0	–	-181,485	–	-0.11%	–
NLSN	Exit	NIELSEN HOLDINGS N V	$0	–	-87,305	–	-0.12%	–
FOXA	Exit	TWENTY FIRST CENTURY FOX CL A	$0	–	-96,215	–	-0.12%	–
FDX	Exit	FEDEX CORP	$0	–	-29,425	–	-0.12%	–
AIG	Exit	AMERICAN INTL GROUP NEW	$0	–	-69,978	–	-0.12%	–
C	Exit	CITIGROUP INC NEW	$0	–	-70,547	–	-0.12%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-86,097	–	-0.13%	–
HUBB	Exit	HUBBELL, INC CL B	$0	–	-34,612	–	-0.13%	–
CRS	Exit	CARPENTER TECHNOLOGY CORP	$0	–	-63,980	–	-0.14%	–
TWX	Exit	TIME WARNER INC NEW	$0	–	-63,097	–	-0.15%	–
STAR	Exit	ISTAR FINANCIAL INC	$0	–	-349,505	–	-0.15%	–
HUBA	Exit	HUBBELL, INC CL A	$0	–	-44,914	–	-0.15%	–
UPS	Exit	UNITED PARCEL SERVICE CL B	$0	–	-47,772	–	-0.16%	–
JDSU	Exit	JDS UNIPHASE CORP	$0	–	-325,172	–	-0.17%	–
TKR	Exit	TIMKEN CO	$0	–	-95,335	–	-0.21%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-154,959	–	-0.22%	–
CELG	Exit	CELGENE CORP	$0	–	-39,975	–	-0.22%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-35,262	–	-0.24%	–
USB	Exit	US BANCORP DEL NEW	$0	–	-185,083	–	-0.25%	–
CRRTQ	Exit	CARBO CERAMICS INC	$0	–	-68,535	–	-0.25%	–
EBAY	Exit	EBAY INC	$0	–	-134,481	–	-0.27%	–
TIF	Exit	TIFFANY & CO NEW	$0	–	-100,883	–	-0.28%	–
DISCA	Exit	DISCOVERY COMMUNICATIONS NEW S	$0	–	-96,176	–	-0.30%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-113,963	–	-0.30%	–
TU	Exit	TELUS CORP	$0	–	-266,479	–	-0.32%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-107,667	–	-0.33%	–
AVB	Exit	AVALONBAY COMMUNITIES INC	$0	–	-73,512	–	-0.34%	–
COH	Exit	COACH INC	$0	–	-171,759	–	-0.34%	–
DISCK	Exit	DISCOVERY COMMUNICATIONS NEW S	$0	–	-127,808	–	-0.36%	–
AL	Exit	AIR LEASE CORP CL A	$0	–	-370,965	–	-0.37%	–
AAPL	Exit	APPLE INC	$0	–	-23,139	–	-0.40%	–
YHOO	Exit	YAHOO INC	$0	–	-337,351	–	-0.41%	–
DANOY	Exit	DANONE SPONSORED ADR	$0	–	-763,255	–	-0.42%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-208,018	–	-0.45%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-402,563	–	-0.46%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-164,655	–	-0.46%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-147,431	–	-0.46%	–
PAY	Exit	VERIFONE SYSTEMS INC	$0	–	-560,915	–	-0.47%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-121,943	–	-0.48%	–
LLTC	Exit	LINEAR TECHNOLOGY CORP	$0	–	-351,129	–	-0.51%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-117,559	–	-0.52%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-224,999	–	-0.53%	–
HSBC	Exit	HSBC HLDGS PLC SPON ADR NEW	$0	–	-270,574	–	-0.54%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-280,941	–	-0.54%	–
ACN	Exit	ACCENTURE PLC IRELAND SHS CLAS	$0	–	-214,142	–	-0.58%	–
ETN	Exit	EATON CORP PLC SHS	$0	–	-231,444	–	-0.58%	–
SNY	Exit	SANOFI SPONSORED ADR	$0	–	-322,353	–	-0.60%	–
LAMR	Exit	LAMAR ADVERTISING CO CL A	$0	–	-347,135	–	-0.60%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-216,676	–	-0.60%	–
BX	Exit	BLACKSTONE GROUP L P UNIT LTD	$0	–	-679,303	–	-0.62%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-229,665	–	-0.64%	–
AMT	Exit	AMERICAN TOWER CORP REIT	$0	–	-237,619	–	-0.64%	–
INTC	Exit	INTEL CORP	$0	–	-806,975	–	-0.68%	–
IHS	Exit	IHS INC CL A	$0	–	-165,719	–	-0.69%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-220,267	–	-0.71%	–
TRI	Exit	THOMSON REUTERS CORP	$0	–	-558,221	–	-0.71%	–
ABBV	Exit	ABBVIE INC	$0	–	-441,609	–	-0.72%	–
VRSK	Exit	VERISK ANALYTICS INC CL A	$0	–	-313,172	–	-0.74%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-626,034	–	-0.76%	–
EQIX	Exit	EQUINIX INC NEW	$0	–	-115,347	–	-0.77%	–
DNKN	Exit	DUNKIN BRANDS GROUP INC	$0	–	-480,578	–	-0.79%	–
CMCSK	Exit	COMCAST CORP SPL CL A (NON VOT	$0	–	-506,928	–	-0.80%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-476,047	–	-0.81%	–
VC	Exit	VISTEON CORP NEW	$0	–	-303,655	–	-0.84%	–
MDLZ	Exit	MONDELEZ INTL INC CL A	$0	–	-752,115	–	-0.86%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-317,996	–	-0.88%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-226,383	–	-0.88%	–
HTZ	Exit	HERTZ GLOBAL HOLDINGS INC	$0	–	-1,094,128	–	-0.88%	–
VTR	Exit	VENTAS INC	$0	–	-400,036	–	-0.90%	–
DEO	Exit	DIAGEO PLC ADR	$0	–	-195,178	–	-0.90%	–
PLD	Exit	PROLOGIS INC	$0	–	-662,233	–	-0.91%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-492,573	–	-0.93%	–
LUXTY	Exit	LUXOTTICA GROUP S P A SPON ADR	$0	–	-486,048	–	-0.93%	–
DIS	Exit	DISNEY (WALT) CO	$0	–	-401,672	–	-0.94%	–
PX	Exit	PRAXAIR INC	$0	–	-220,409	–	-0.97%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-311,425	–	-0.98%	–
LUV	Exit	SOUTHWEST AIRLINES CO	$0	–	-1,862,853	–	-0.99%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-594,087	–	-1.00%	–
EXPD	Exit	EXPEDITORS INTL OF WASHINGTON	$0	–	-646,159	–	-1.04%	–
GLW	Exit	CORNING INC	$0	–	-2,018,720	–	-1.07%	–
PEP	Exit	PEPSICO INC	$0	–	-373,455	–	-1.08%	–
UN	Exit	UNILEVER N.V. (NY SHS)	$0	–	-805,612	–	-1.11%	–
3106PS	Exit	DELPHI AUTOMOTIVE PLC SHS	$0	–	-526,734	–	-1.12%	–
GCI	Exit	GANNETT CO, INC	$0	–	-1,150,966	–	-1.12%	–
AA	Exit	ALCOA INC	$0	–	-4,021,673	–	-1.19%	–
NSRGY	Exit	NESTLE S A SPON ADR	$0	–	-478,490	–	-1.22%	–
TMO	Exit	THERMO FISHER SCIENTIFIC	$0	–	-363,520	–	-1.22%	–
SRCL	Exit	STERICYCLE INC	$0	–	-290,295	–	-1.22%	–
XRAY	Exit	DENTSPLY INTL INC NEW	$0	–	-776,017	–	-1.23%	–
CERN	Exit	CERNER CORP	$0	–	-641,435	–	-1.23%	–
MMM	Exit	3M CO	$0	–	-288,201	–	-1.26%	–
KO	Exit	COCA-COLA CO	$0	–	-937,037	–	-1.30%	–
ECL	Exit	ECOLAB INC	$0	–	-365,669	–	-1.32%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-528,830	–	-1.34%	–
VOD	Exit	VODAFONE GROUP PLC ADR	$0	–	-1,047,256	–	-1.34%	–
MCHP	Exit	MICROCHIP TECHNOLOGY INC	$0	–	-933,733	–	-1.37%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-1,139,131	–	-1.38%	–
YUM	Exit	YUM BRANDS INC	$0	–	-532,443	–	-1.39%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-43,613	–	-1.39%	–
QGEN	Exit	QIAGEN NV ORD	$0	–	-1,872,685	–	-1.46%	–
HAR	Exit	HARMAN INTERNATIONAL INDS INC	$0	–	-623,407	–	-1.51%	–
ILMN	Exit	ILLUMINA INC	$0	–	-515,625	–	-1.52%	–
MA	Exit	MASTERCARD INC CL A	$0	–	-62,002	–	-1.52%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-547,539	–	-1.53%	–
AMGN	Exit	AMGEN, INC	$0	–	-375,349	–	-1.53%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-680,295	–	-1.60%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-974,128	–	-1.69%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-2,058,594	–	-1.76%	–
V	Exit	VISA INC CL A	$0	–	-267,184	–	-1.86%	–
BWA	Exit	BORG WARNER INC	$0	–	-504,963	–	-1.87%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-1,241,806	–	-1.88%	–
GM	Exit	GENERAL MOTORS CO	$0	–	-1,436,932	–	-1.88%	–
UAL	Exit	UNITED CONTINENTAL HOLDINGS IN	$0	–	-1,688,261	–	-1.89%	–
F	Exit	FORD MOTOR CO	$0	–	-3,141,412	–	-1.93%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-2,281,259	–	-1.99%	–
QCOM	Exit	QUALCOMM INC	$0	–	-856,278	–	-2.10%	–
DAL	Exit	DELTA AIR LINES, INC	$0	–	-3,014,728	–	-2.59%	–

Q3 2013

			Value		Shares		↓ Weighting
DAL	Sell	DELTA AIR LINES, INC	$71,117,000	+26.1%	3,014,728	-0.0%	2.59%	+17.9%
QCOM	Buy	QUALCOMM INC	$57,645,000	+12.5%	856,278	+2.0%	2.10%	+5.1%
GE	Buy	GENERAL ELECTRIC CO	$54,499,000	+4.0%	2,281,259	+1.0%	1.99%	-2.7%
F	Buy	FORD MOTOR CO	$52,996,000	+10.5%	3,141,412	+1.3%	1.93%	+3.3%
UAL	Buy	UNITED CONTINENTAL HOLDINGS IN	$51,846,000	-0.2%	1,688,261	+1.7%	1.89%	-6.7%
GM	Buy	GENERAL MOTORS CO	$51,686,000	+10.0%	1,436,932	+1.9%	1.88%	+2.9%
JCI	Sell	JOHNSON CONTROLS INC	$51,535,000	+14.6%	1,241,806	-1.2%	1.88%	+7.1%
BWA	Sell	BORG WARNER INC	$51,198,000	+17.4%	504,963	-0.3%	1.87%	+9.7%
V	Sell	VISA INC CL A	$51,059,000	+4.4%	267,184	-0.1%	1.86%	-2.4%
CSCO	Buy	CISCO SYSTEMS INC	$48,235,000	-3.1%	2,058,594	+0.7%	1.76%	-9.4%
MRK	Buy	MERCK & CO INC NEW	$46,377,000	+3.7%	974,128	+1.2%	1.69%	-3.1%
EMR	Sell	EMERSON ELECTRIC CO	$44,015,000	+17.5%	680,295	-1.0%	1.60%	+9.8%
AMGN	Sell	AMGEN, INC	$42,011,000	+12.8%	375,349	-0.6%	1.53%	+5.4%
NVS	Buy	NOVARTIS A G SPON ADR	$42,002,000	+8.9%	547,539	+0.4%	1.53%	+1.9%
MA	Sell	MASTERCARD INC CL A	$41,714,000	+16.2%	62,002	-0.7%	1.52%	+8.6%
ILMN	Sell	ILLUMINA INC	$41,678,000	+7.9%	515,625	-0.1%	1.52%	+0.9%
HAR	Sell	HARMAN INTERNATIONAL INDS INC	$41,288,000	+21.8%	623,407	-0.3%	1.51%	+13.9%
QGEN	Buy	QIAGEN NV ORD	$40,075,000	+11.3%	1,872,685	+3.5%	1.46%	+4.1%
GOOGL	Buy	GOOGLE INC CL A	$38,201,000	+0.9%	43,613	+1.4%	1.39%	-5.6%
YUM	Buy	YUM BRANDS INC	$38,011,000	+11.9%	532,443	+8.7%	1.39%	+4.6%
MSFT	Buy	MICROSOFT CORP	$37,910,000	-2.3%	1,139,131	+1.4%	1.38%	-8.7%
MCHP	Buy	MICROCHIP TECHNOLOGY INC	$37,620,000	+8.4%	933,733	+0.2%	1.37%	+1.3%
VOD	Sell	VODAFONE GROUP PLC ADR	$36,842,000	+18.9%	1,047,256	-2.9%	1.34%	+11.2%
DHR	Buy	DANAHER CORP DEL	$36,658,000	+10.4%	528,830	+0.8%	1.34%	+3.2%
ECL	Sell	ECOLAB INC	$36,113,000	+14.2%	365,669	-1.5%	1.32%	+6.7%
KO	Sell	COCA-COLA CO	$35,495,000	-7.0%	937,037	-1.6%	1.30%	-13.0%
MMM	Sell	3M CO	$34,414,000	+7.6%	288,201	-1.4%	1.26%	+0.6%
CERN	Buy	CERNER CORP	$33,707,000	+10.8%	641,435	+102.7%	1.23%	+3.6%
XRAY	Sell	DENTSPLY INTL INC NEW	$33,691,000	+5.3%	776,017	-0.6%	1.23%	-1.5%
SRCL	Sell	STERICYCLE INC	$33,500,000	+3.8%	290,295	-0.7%	1.22%	-2.9%
TMO	Sell	THERMO FISHER SCIENTIFIC	$33,498,000	+8.7%	363,520	-0.2%	1.22%	+1.7%
NSRGY	Buy	NESTLE S A SPON ADR	$33,469,000	+17.1%	478,490	+9.6%	1.22%	+9.5%
AA	Buy	ALCOA INC	$32,656,000	+11.6%	4,021,673	+7.5%	1.19%	+4.3%
GCI	Sell	GANNETT CO, INC	$30,834,000	+8.4%	1,150,966	-1.1%	1.12%	+1.4%
3106PS	Buy	DELPHI AUTOMOTIVE PLC SHS	$30,772,000	+17.4%	526,734	+1.8%	1.12%	+9.7%
UN	Buy	UNILEVER N.V. (NY SHS)	$30,388,000	-1.7%	805,612	+2.4%	1.11%	-8.1%
PEP	Buy	PEPSICO INC	$29,690,000	-2.6%	373,455	+0.2%	1.08%	-9.0%
GLW	Buy	CORNING INC	$29,453,000	+3.9%	2,018,720	+1.3%	1.07%	-2.9%
EXPD	Buy	EXPEDITORS INTL OF WASHINGTON	$28,470,000	+21.4%	646,159	+4.8%	1.04%	+13.4%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$27,494,000	-9.9%	594,087	-13.0%	1.00%	-15.7%
LUV	Buy	SOUTHWEST AIRLINES CO	$27,123,000	+14.5%	1,862,853	+1.3%	0.99%	+7.0%
JNJ	Sell	JOHNSON & JOHNSON	$26,997,000	-4.7%	311,425	-5.6%	0.98%	-10.9%
PX	Buy	PRAXAIR INC	$26,495,000	+7.5%	220,409	+3.0%	0.97%	+0.5%
DIS	Sell	DISNEY (WALT) CO	$25,904,000	-6.1%	401,672	-8.1%	0.94%	-12.2%
LUXTY	Sell	LUXOTTICA GROUP S P A SPON ADR	$25,552,000	+3.6%	486,048	-0.4%	0.93%	-3.1%
JPM	Sell	JPMORGAN CHASE & CO	$25,461,000	-3.0%	492,573	-0.9%	0.93%	-9.3%
PLD	Buy	PROLOGIS INC	$24,913,000	+9.4%	662,233	+9.7%	0.91%	+2.4%
DEO	Buy	DIAGEO PLC ADR	$24,803,000	+11.8%	195,178	+1.1%	0.90%	+4.6%
VTR	Buy	VENTAS INC	$24,602,000	+4.5%	400,036	+18.0%	0.90%	-2.4%
HTZ	Sell	HERTZ GLOBAL HOLDINGS INC	$24,246,000	-11.3%	1,094,128	-0.7%	0.88%	-17.1%
APD	Sell	AIR PRODUCTS & CHEMICALS INC	$24,126,000	+16.2%	226,383	-0.1%	0.88%	+8.6%
PG	Sell	PROCTER & GAMBLE CO	$24,037,000	-5.2%	317,996	-3.5%	0.88%	-11.3%
MDLZ	Buy	MONDELEZ INTL INC CL A	$23,632,000	+17.3%	752,115	+6.5%	0.86%	+9.7%
VC	Buy	VISTEON CORP NEW	$22,968,000	+28.1%	303,655	+6.9%	0.84%	+19.9%
VZ	Sell	VERIZON COMMUNICATIONS INC	$22,219,000	-13.4%	476,047	-6.6%	0.81%	-19.1%
CMCSK	Sell	COMCAST CORP SPL CL A (NON VOT	$21,975,000	+3.5%	506,928	-5.3%	0.80%	-3.3%
DNKN	Buy	DUNKIN BRANDS GROUP INC	$21,751,000	+11.1%	480,578	+5.1%	0.79%	+3.8%
EQIX	Buy	EQUINIX INC NEW	$21,183,000	+9.7%	115,347	+10.3%	0.77%	+2.5%
ABT	Buy	ABBOTT LABORATORIES	$20,778,000	+6.0%	626,034	+11.4%	0.76%	-0.8%
VRSK	Buy	VERISK ANALYTICS INC CL A	$20,344,000	+21.3%	313,172	+11.5%	0.74%	+13.5%
ABBV	Sell	ABBVIE INC	$19,753,000	+5.2%	441,609	-2.8%	0.72%	-1.8%
TRI	Sell	THOMSON REUTERS CORP	$19,543,000	+5.5%	558,221	-1.8%	0.71%	-1.2%
SLB	Sell	SCHLUMBERGER LTD	$19,463,000	+21.0%	220,267	-1.9%	0.71%	+13.1%
IHS	Buy	IHS INC CL A	$18,922,000	+19.5%	165,719	+9.2%	0.69%	+11.7%
INTC	Buy	INTEL CORP	$18,497,000	-3.6%	806,975	+1.9%	0.68%	-9.8%
AMT	Buy	AMERICAN TOWER CORP REIT	$17,615,000	+17.0%	237,619	+15.5%	0.64%	+9.4%
ITW	Sell	ILLINOIS TOOL WORKS INC	$17,517,000	+10.0%	229,665	-0.3%	0.64%	+2.9%
BX	Buy	BLACKSTONE GROUP L P UNIT LTD	$16,908,000	+19.1%	679,303	+0.8%	0.62%	+11.4%
AXP	Buy	AMERICAN EXPRESS CO	$16,363,000	+1.4%	216,676	+0.4%	0.60%	-5.1%
SNY	Buy	SANOFI SPONSORED ADR	$16,321,000	+13.6%	322,353	+15.6%	0.60%	+6.2%
LAMR	Sell	LAMAR ADVERTISING CO CL A	$16,326,000	+7.7%	347,135	-0.7%	0.60%	+0.7%
ETN	Buy	EATON CORP PLC SHS	$15,933,000	+11.7%	231,444	+6.8%	0.58%	+4.5%
ACN	Buy	ACCENTURE PLC IRELAND SHS CLAS	$15,769,000	+9.2%	214,142	+6.7%	0.58%	+2.0%
KRFT	Buy	KRAFT FOODS GROUP INC	$14,744,000	-1.4%	280,941	+5.0%	0.54%	-7.7%
HSBC	Sell	HSBC HLDGS PLC SPON ADR NEW	$14,681,000	-13.4%	270,574	-17.1%	0.54%	-19.1%
MKC	Sell	MCCORMICK & CO INC	$14,557,000	-16.6%	224,999	-9.3%	0.53%	-22.0%
CVX	Sell	CHEVRON CORP NEW	$14,283,000	+1.0%	117,559	-1.6%	0.52%	-5.6%
LLTC	Sell	LINEAR TECHNOLOGY CORP	$13,926,000	+3.2%	351,129	-4.1%	0.51%	-3.4%
UTX	Sell	UNITED TECHNOLOGIES CORP	$13,148,000	+12.4%	121,943	-3.1%	0.48%	+5.3%
PAY	Buy	VERIFONE SYSTEMS INC	$12,823,000	+63.9%	560,915	+20.5%	0.47%	+53.4%
XOM	Sell	EXXON MOBIL CORP	$12,685,000	-7.6%	147,431	-3.0%	0.46%	-13.5%
SBUX	Sell	STARBUCKS CORP	$12,673,000	+16.9%	164,655	-0.5%	0.46%	+9.2%
LUMN	Sell	CENTURYLINK INC	$12,632,000	-13.7%	402,563	-2.7%	0.46%	-19.3%
CL	Sell	COLGATE PALMOLIVE CO	$12,335,000	+2.5%	208,018	-0.9%	0.45%	-4.1%
DANOY	Buy	DANONE SPONSORED ADR	$11,497,000	+5.4%	763,255	+4.8%	0.42%	-1.6%
YHOO	Buy	YAHOO INC	$11,190,000	+52.0%	337,351	+15.2%	0.41%	+42.2%
AAPL	Buy	APPLE INC	$11,031,000	+33.7%	23,139	+11.2%	0.40%	+24.8%
AL	Buy	AIR LEASE CORP CL A	$10,261,000	+271.4%	370,965	+270.4%	0.37%	+246.3%
DISCK	Sell	DISCOVERY COMMUNICATIONS NEW S	$9,984,000	+10.0%	127,808	-1.7%	0.36%	+2.8%
COH	Buy	COACH INC	$9,366,000	+10.9%	171,759	+16.1%	0.34%	+3.6%
AVB	Buy	AVALONBAY COMMUNITIES INC	$9,343,000	+1.4%	73,512	+7.6%	0.34%	-5.0%
HON	Buy	HONEYWELL INTL INC	$8,941,000	+13.2%	107,667	+8.2%	0.33%	+5.8%
TU	Sell	TELUS CORP	$8,826,000	+11.9%	266,479	-1.4%	0.32%	+4.5%
ADP	Sell	AUTOMATIC DATA PROCESSING	$8,249,000	+1.1%	113,963	-3.8%	0.30%	-5.3%
DISCA	Sell	DISCOVERY COMMUNICATIONS NEW S	$8,119,000	+8.1%	96,176	-1.1%	0.30%	+1.0%
TIF	Sell	TIFFANY & CO NEW	$7,730,000	+2.9%	100,883	-2.2%	0.28%	-3.8%
EBAY	Buy	EBAY INC	$7,503,000	+69.2%	134,481	+56.9%	0.27%	+58.4%
CRRTQ	Buy	CARBO CERAMICS INC	$6,793,000	+61.0%	68,535	+9.5%	0.25%	+50.3%
USB	Sell	US BANCORP DEL NEW	$6,770,000	-3.0%	185,083	-4.2%	0.25%	-9.2%
IBM	Buy	INTERNATIONAL BUSINESS MACHINE	$6,530,000	+10.8%	35,262	+14.3%	0.24%	+3.5%
CELG	Buy	CELGENE CORP	$6,162,000	+265.5%	39,975	+177.3%	0.22%	+240.9%
DOW	Sell	DOW CHEMICAL CO	$5,950,000	+3.8%	154,959	-13.0%	0.22%	-3.1%
TKR	Sell	TIMKEN CO	$5,758,000	-62.8%	95,335	-65.3%	0.21%	-65.2%
UPS	Buy	UNITED PARCEL SERVICE CL B	$4,365,000	+21.5%	47,772	+15.0%	0.16%	+13.6%
HUBA	Sell	HUBBELL, INC CL A	$4,231,000	-8.3%	44,914	-12.4%	0.15%	-14.4%
STAR	Sell	ISTAR FINANCIAL INC	$4,208,000	+2.2%	349,505	-4.2%	0.15%	-5.0%
TWX	Sell	TIME WARNER INC NEW	$4,152,000	+0.9%	63,097	-11.3%	0.15%	-5.6%
CRS	Buy	CARPENTER TECHNOLOGY CORP	$3,718,000	+94.4%	63,980	+50.7%	0.14%	+81.3%
HUBB	Sell	HUBBELL, INC CL B	$3,625,000	+3.0%	34,612	-2.6%	0.13%	-3.6%
WM	Sell	WASTE MANAGEMENT INC	$3,551,000	-1.1%	86,097	-3.3%	0.13%	-7.1%
C	Sell	CITIGROUP INC NEW	$3,422,000	-78.7%	70,547	-78.9%	0.12%	-80.0%
AIG	Sell	AMERICAN INTL GROUP NEW	$3,403,000	+7.3%	69,978	-1.4%	0.12%	0.0%
FDX	Buy	FEDEX CORP	$3,358,000	+18.6%	29,425	+2.4%	0.12%	+10.9%
FOXA	New	TWENTY FIRST CENTURY FOX CL A	$3,224,000	–	96,215	–	0.12%	–
NLSN	Buy	NIELSEN HOLDINGS N V	$3,182,000	+51.1%	87,305	+39.3%	0.12%	+41.5%
SON	Sell	SONOCO PRODUCTS CO	$3,078,000	-4.1%	79,038	-14.9%	0.11%	-10.4%
SBGSY	Buy	SCHNEIDER ELECTRIC SA ADR	$3,071,000	+22.7%	181,485	+5.1%	0.11%	+14.3%
MMC	Sell	MARSH & MCLENNAN COMPANIES, IN	$3,050,000	-20.0%	70,027	-26.7%	0.11%	-25.5%
APA	Sell	APACHE CORP	$2,901,000	-4.0%	34,075	-5.4%	0.11%	-10.2%
PAYX	Sell	PAYCHEX INC	$2,829,000	+4.5%	69,606	-6.1%	0.10%	-2.8%
KMB	Sell	KIMBERLY CLARK CORP	$2,666,000	-24.0%	28,292	-21.7%	0.10%	-29.2%
CMCSA	Sell	COMCAST CORP CL A	$2,532,000	+6.3%	56,134	-1.6%	0.09%	-1.1%
LBTYK	Sell	LIBERTY GLOBAL PLC SHS CL C	$2,196,000	+0.5%	29,118	-9.6%	0.08%	-5.9%
ADBE	New	ADOBE SYSTEMS, INC	$2,010,000	–	38,690	–	0.07%	–
PFE	Buy	PFIZER INC	$1,773,000	+9.6%	61,710	+6.9%	0.06%	+3.2%
CAT	Sell	CATERPILLAR INC	$1,522,000	-14.2%	18,244	-15.1%	0.06%	-18.8%
FB	New	FACEBOOK INC CL A	$1,167,000	–	23,238	–	0.04%	–
NOK	Sell	NOKIA CORP SPON ADR	$1,077,000	+61.2%	165,440	-7.4%	0.04%	+50.0%
CAM	Sell	CAMERON INTERNATIONAL CORP	$958,000	-25.9%	16,405	-22.4%	0.04%	-30.0%
WMT	Sell	WAL-MART STORES INC	$935,000	-14.4%	12,648	-13.7%	0.03%	-20.9%
BRKB	Sell	BERKSHIRE HATHAWAY INC CL B NE	$931,000	+1.1%	8,204	-0.3%	0.03%	-5.6%
CLP	Sell	COLONIAL PPTYS TR SH BEN INT	$874,000	-48.2%	38,860	-44.5%	0.03%	-51.5%
DE	Sell	DEERE & CO	$847,000	-2.4%	10,407	-2.6%	0.03%	-8.8%
CLB	Buy	CORE LABORATORIES N V	$760,000	+23.2%	4,492	+10.4%	0.03%	+16.7%
UL	Buy	UNILEVER PLC SPON ADR NEW	$779,000	-3.0%	20,191	+1.7%	0.03%	-9.7%
WBC	Sell	WABCO HOLDINGS INC	$755,000	+9.6%	8,955	-2.9%	0.03%	+3.7%
PTEN	Sell	PATTERSON-UTI ENERGY INC	$731,000	-8.2%	34,174	-16.9%	0.03%	-12.9%
T	Sell	AT&T INC	$738,000	-12.6%	21,834	-8.4%	0.03%	-18.2%
COST	Sell	COSTCO WHOLESALE CORP NEW	$751,000	+3.3%	6,525	-0.8%	0.03%	-3.6%
WFC	Sell	WELLS FARGO & CO NEW	$701,000	-18.5%	16,970	-18.5%	0.03%	-23.5%
LB	Buy	L BRANDS INC	$705,000	+116.3%	11,535	+74.4%	0.03%	+100.0%
TDG	Sell	TRANSDIGM GROUP INC	$687,000	-30.2%	4,950	-21.1%	0.02%	-34.2%
FAST	New	FASTENAL CO	$683,000	–	13,590	–	0.02%	–
PM	Buy	PHILIP MORRIS INTL INC	$698,000	+3.4%	8,066	+3.5%	0.02%	-3.8%
BDX	Buy	BECTON DICKINSON & CO	$599,000	+2.9%	5,989	+1.7%	0.02%	-4.3%
GIS	Sell	GENERAL MILLS INC	$573,000	-14.7%	11,967	-13.6%	0.02%	-19.2%
AMZN	Buy	AMAZON.COM INC	$566,000	+42.6%	1,810	+26.7%	0.02%	+40.0%
DUK	Sell	DUKE ENERGY CORP NEW	$580,000	-7.6%	8,688	-6.7%	0.02%	-12.5%
CB	Sell	CHUBB CORP	$550,000	+0.9%	6,167	-4.3%	0.02%	-4.8%
GILD	Sell	GILEAD SCIENCES INC	$529,000	+22.2%	8,414	-0.4%	0.02%	+11.8%
AMAT	Sell	APPLIED MATERIALS, INC	$522,000	-20.7%	29,760	-32.6%	0.02%	-26.9%
MO	Sell	ALTRIA GROUP INC	$501,000	-17.1%	14,584	-15.5%	0.02%	-25.0%
BA	Buy	BOEING CO	$490,000	+17.2%	4,166	+2.1%	0.02%	+12.5%
APC	Sell	ANADARKO PETROLEUM CORP	$502,000	+2.0%	5,403	-5.7%	0.02%	-5.3%
NUE	Sell	NUCOR CORP	$426,000	+1.9%	8,700	-9.8%	0.02%	0.0%
DD	Sell	DU PONT, (E.I.)	$443,000	+1.8%	7,560	-8.7%	0.02%	-5.9%
SYY	Sell	SYSCO CORP	$440,000	-79.0%	13,820	-77.4%	0.02%	-80.5%
TWC	Buy	TIME WARNER CABLE INC	$409,000	+1.0%	3,663	+1.8%	0.02%	-6.2%
IP	Sell	INTERNATIONAL PAPER CO	$374,000	-28.9%	8,350	-29.7%	0.01%	-33.3%
MCD	Buy	MCDONALD'S CORP	$377,000	+10.2%	3,921	+13.6%	0.01%	+7.7%
TEVA	Sell	TEVA PHARMACEUTICAL INDUSTRIES	$372,000	-31.9%	9,855	-29.2%	0.01%	-33.3%
BHI	Sell	BAKER HUGHES INC	$393,000	-8.6%	8,009	-14.0%	0.01%	-17.6%
ESRX	Buy	EXPRESS SCRIPTS HOLDING CO	$346,000	+10.5%	5,599	+10.4%	0.01%	+8.3%
COP	Sell	CONOCOPHILLIPS	$322,000	-8.0%	4,627	-20.0%	0.01%	-14.3%
CLX	New	CLOROX CO	$262,000	–	3,212	–	0.01%	–
RDSA	Buy	ROYAL DUTCH SHELL PLC SPON ADR	$270,000	+2.7%	4,118	+0.0%	0.01%	0.0%
HD	Buy	HOME DEPOT INC	$235,000	+1.7%	3,101	+4.2%	0.01%	0.0%
QRTEA	Sell	LIBERTY MEDIA INTERACTIVE SER	$240,000	-2.4%	10,238	-4.0%	0.01%	-10.0%
EPD	Sell	ENTERPRISE PRODUCTS PARTNERS	$237,000	-7.1%	3,888	-5.2%	0.01%	-10.0%
EMC	New	E M C CORP	$260,000	–	10,162	–	0.01%	–
ORCL	Sell	ORACLE CORP	$212,000	-13.5%	6,392	-19.9%	0.01%	-20.0%
CVS	New	CVS CAREMARK CORP	$208,000	–	3,665	–	0.01%	–
BAC	Sell	BANK OF AMERICA CORP	$231,000	-4.5%	16,711	-11.3%	0.01%	-11.1%
DOV	New	DOVER CORP	$225,000	–	2,501	–	0.01%	–
PPG	New	PPG INDUSTRIES INC	$202,000	–	1,208	–	0.01%	–
RF	New	REGIONS FINANCIAL CORP	$126,000	–	13,573	–	0.01%	–
SIGA	New	SIGA TECHNOLOGIES INC	$97,000	–	25,489	–	0.00%	–
	Exit	AMERICAN CENTURY EQUITY INCOMEmutual	$0	–	-10,162	–	-0.00%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC SPON ADR	$0	–	-3,095	–	-0.01%	–
DOX	Exit	AMDOCS LTD ORD	$0	–	-5,475	–	-0.01%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-2,905	–	-0.01%	–
	Exit	EATON VANCE SPL INVT VALUE FDmutual	$0	–	-9,732	–	-0.01%	–
TXT	Exit	TEXTRON INC	$0	–	-8,048	–	-0.01%	–
NOV	Exit	NATIONAL OILWELL VARCO	$0	–	-3,145	–	-0.01%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-7,863	–	-0.01%	–
SYK	Exit	STRYKER CORP	$0	–	-3,450	–	-0.01%	–
FWLT	Exit	FOSTER WHEELER AG	$0	–	-11,165	–	-0.01%	–
	Exit	ROYCE SPECIAL EQUITY FUNDmutual	$0	–	-10,300	–	-0.01%	–
4945SC	Exit	KINDER MORGAN ENERGY UT LTD PA	$0	–	-2,952	–	-0.01%	–
	Exit	AMERICAN CAPITAL INCOME BUILDEmutual	$0	–	-5,248	–	-0.01%	–
	Exit	FPA CRESCENT FUND Imutual	$0	–	-9,443	–	-0.01%	–
	Exit	OAKMARK INTERNATIONAL SMALL CAmutual	$0	–	-19,635	–	-0.01%	–
	Exit	SEQUOIA FUND INCmutual	$0	–	-1,901	–	-0.01%	–
	Exit	INCOME FUND OF AMERICA CL Amutual	$0	–	-18,209	–	-0.01%	–
	Exit	LONGLEAF PARTNERS INTERNATIONAmutual	$0	–	-50,441	–	-0.03%	–
	Exit	LONGLEAF PARTNERS SH BEN INTmutual	$0	–	-34,164	–	-0.04%	–
MDRX	Exit	ALLSCRIPTS HEALTHCARE	$0	–	-95,340	–	-0.05%	–
	Exit	LONGLEAF PARTNERS SMALL CAP FUmutual	$0	–	-44,895	–	-0.06%	–
NWSA	Exit	NEWS CORP CL A	$0	–	-107,280	–	-0.14%	–

Q2 2013

			Value		Shares		↓ Weighting
DAL	New	DELTA AIR LINES, INC	$56,408,000	–	3,014,868	–	2.20%	–
GE	New	GENERAL ELECTRIC CO	$52,399,000	–	2,259,554	–	2.04%	–
UAL	New	UNITED CONTINENTAL HOLDINGS IN	$51,948,000	–	1,660,201	–	2.03%	–
QCOM	New	QUALCOMM INC	$51,260,000	–	839,096	–	2.00%	–
CSCO	New	CISCO SYSTEMS INC	$49,764,000	–	2,044,960	–	1.94%	–
V	New	VISA INC CL A	$48,890,000	–	267,524	–	1.91%	–
F	New	FORD MOTOR CO	$47,969,000	–	3,100,752	–	1.87%	–
GM	New	GENERAL MOTORS CO	$46,969,000	–	1,410,051	–	1.83%	–
JCI	New	JOHNSON CONTROLS INC	$44,972,000	–	1,256,544	–	1.75%	–
MRK	New	MERCK & CO INC NEW	$44,728,000	–	962,930	–	1.74%	–
BWA	New	BORG WARNER INC	$43,627,000	–	506,413	–	1.70%	–
MSFT	New	MICROSOFT CORP	$38,803,000	–	1,123,270	–	1.51%	–
ILMN	New	ILLUMINA INC	$38,616,000	–	515,985	–	1.51%	–
NVS	New	NOVARTIS A G SPON ADR	$38,552,000	–	545,214	–	1.50%	–
KO	New	COCA-COLA CO	$38,184,000	–	951,977	–	1.49%	–
GOOGL	New	GOOGLE INC CL A	$37,850,000	–	42,993	–	1.48%	–
EMR	New	EMERSON ELECTRIC CO	$37,469,000	–	686,996	–	1.46%	–
AMGN	New	AMGEN, INC	$37,240,000	–	377,461	–	1.45%	–
QGEN	New	QIAGEN NV ORD	$36,021,000	–	1,809,185	–	1.40%	–
MA	New	MASTERCARD INC CL A	$35,884,000	–	62,462	–	1.40%	–
MCHP	New	MICROCHIP TECHNOLOGY INC	$34,705,000	–	931,678	–	1.35%	–
YUM	New	YUM BRANDS INC	$33,966,000	–	489,847	–	1.32%	–
HAR	New	HARMAN INTERNATIONAL INDS INC	$33,889,000	–	625,257	–	1.32%	–
DHR	New	DANAHER CORP DEL	$33,213,000	–	524,685	–	1.30%	–
SRCL	New	STERICYCLE INC	$32,285,000	–	292,353	–	1.26%	–
XRAY	New	DENTSPLY INTL INC NEW	$31,992,000	–	781,053	–	1.25%	–
MMM	New	3M CO	$31,969,000	–	292,359	–	1.25%	–
ECL	New	ECOLAB INC	$31,627,000	–	371,248	–	1.23%	–
VOD	New	VODAFONE GROUP PLC ADR	$30,993,000	–	1,078,205	–	1.21%	–
UN	New	UNILEVER N.V. (NY SHS)	$30,924,000	–	786,678	–	1.21%	–
TMO	New	THERMO FISHER SCIENTIFIC	$30,815,000	–	364,114	–	1.20%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$30,507,000	–	682,634	–	1.19%	–
PEP	New	PEPSICO INC	$30,494,000	–	372,835	–	1.19%	–
CERN	New	CERNER CORP	$30,415,000	–	316,521	–	1.19%	–
AA	New	ALCOA INC	$29,264,000	–	3,742,198	–	1.14%	–
NSRGY	New	NESTLE S A SPON ADR	$28,573,000	–	436,394	–	1.12%	–
GCI	New	GANNETT CO, INC	$28,457,000	–	1,163,430	–	1.11%	–
GLW	New	CORNING INC	$28,350,000	–	1,992,272	–	1.11%	–
JNJ	New	JOHNSON & JOHNSON	$28,333,000	–	329,994	–	1.10%	–
DIS	New	DISNEY (WALT) CO	$27,593,000	–	436,947	–	1.08%	–
HTZ	New	HERTZ GLOBAL HOLDINGS INC	$27,328,000	–	1,101,940	–	1.07%	–
JPM	New	JPMORGAN CHASE & CO	$26,244,000	–	497,148	–	1.02%	–
3106PS	New	DELPHI AUTOMOTIVE PLC SHS	$26,219,000	–	517,234	–	1.02%	–
VZ	New	VERIZON COMMUNICATIONS INC	$25,660,000	–	509,736	–	1.00%	–
PG	New	PROCTER & GAMBLE CO	$25,362,000	–	329,415	–	0.99%	–
LUXTY	New	LUXOTTICA GROUP S P A SPON ADR	$24,663,000	–	487,793	–	0.96%	–
PX	New	PRAXAIR INC	$24,647,000	–	214,024	–	0.96%	–
LUV	New	SOUTHWEST AIRLINES CO	$23,696,000	–	1,838,295	–	0.92%	–
VTR	New	VENTAS INC	$23,551,000	–	339,051	–	0.92%	–
EXPD	New	EXPEDITORS INTL OF WASHINGTON	$23,444,000	–	616,309	–	0.92%	–
PLD	New	PROLOGIS INC	$22,772,000	–	603,698	–	0.89%	–
DEO	New	DIAGEO PLC ADR	$22,182,000	–	192,973	–	0.86%	–
CMCSK	New	COMCAST CORP SPL CL A (NON VOT	$21,237,000	–	535,353	–	0.83%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$20,755,000	–	226,657	–	0.81%	–
MDLZ	New	MONDELEZ INTL INC CL A	$20,152,000	–	706,346	–	0.79%	–
DNKN	New	DUNKIN BRANDS GROUP INC	$19,584,000	–	457,357	–	0.76%	–
ABT	New	ABBOTT LABORATORIES	$19,593,000	–	561,737	–	0.76%	–
EQIX	New	EQUINIX INC NEW	$19,318,000	–	104,579	–	0.75%	–
INTC	New	INTEL CORP	$19,187,000	–	791,850	–	0.75%	–
ABBV	New	ABBVIE INC	$18,780,000	–	454,270	–	0.73%	–
TRI	New	THOMSON REUTERS CORP	$18,517,000	–	568,529	–	0.72%	–
VC	New	VISTEON CORP NEW	$17,926,000	–	284,005	–	0.70%	–
MKC	New	MCCORMICK & CO INC	$17,462,000	–	248,174	–	0.68%	–
HSBC	New	HSBC HLDGS PLC SPON ADR NEW	$16,945,000	–	326,500	–	0.66%	–
VRSK	New	VERISK ANALYTICS INC CL A	$16,771,000	–	280,917	–	0.65%	–
AXP	New	AMERICAN EXPRESS CO	$16,133,000	–	215,801	–	0.63%	–
SLB	New	SCHLUMBERGER LTD	$16,089,000	–	224,512	–	0.63%	–
C	New	CITIGROUP INC NEW	$16,047,000	–	334,514	–	0.63%	–
ITW	New	ILLINOIS TOOL WORKS INC	$15,930,000	–	230,308	–	0.62%	–
IHS	New	IHS INC CL A	$15,834,000	–	151,700	–	0.62%	–
TKR	New	TIMKEN CO	$15,458,000	–	274,670	–	0.60%	–
LAMR	New	LAMAR ADVERTISING CO CL A	$15,163,000	–	349,460	–	0.59%	–
AMT	New	AMERICAN TOWER CORP REIT	$15,057,000	–	205,787	–	0.59%	–
KRFT	New	KRAFT FOODS GROUP INC	$14,946,000	–	267,518	–	0.58%	–
LUMN	New	CENTURYLINK INC	$14,632,000	–	413,913	–	0.57%	–
ACN	New	ACCENTURE PLC IRELAND SHS CLAS	$14,447,000	–	200,765	–	0.56%	–
SNY	New	SANOFI SPONSORED ADR	$14,365,000	–	278,886	–	0.56%	–
ETN	New	EATON CORP PLC SHS	$14,263,000	–	216,723	–	0.56%	–
BX	New	BLACKSTONE GROUP L P UNIT LTD	$14,198,000	–	674,178	–	0.55%	–
CVX	New	CHEVRON CORP NEW	$14,139,000	–	119,480	–	0.55%	–
XOM	New	EXXON MOBIL CORP	$13,727,000	–	151,928	–	0.54%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$13,489,000	–	366,151	–	0.53%	–
CL	New	COLGATE PALMOLIVE CO	$12,029,000	–	209,972	–	0.47%	–
UTX	New	UNITED TECHNOLOGIES CORP	$11,699,000	–	125,872	–	0.46%	–
DANOY	New	DANONE SPONSORED ADR	$10,913,000	–	728,055	–	0.43%	–
SBUX	New	STARBUCKS CORP	$10,841,000	–	165,490	–	0.42%	–
AVB	New	AVALONBAY COMMUNITIES INC	$9,214,000	–	68,298	–	0.36%	–
DISCK	New	DISCOVERY COMMUNICATIONS NEW S	$9,073,000	–	130,041	–	0.35%	–
COH	New	COACH INC	$8,448,000	–	147,969	–	0.33%	–
AAPL	New	APPLE INC	$8,252,000	–	20,809	–	0.32%	–
ADP	New	AUTOMATIC DATA PROCESSING	$8,157,000	–	118,458	–	0.32%	–
HON	New	HONEYWELL INTL INC	$7,897,000	–	99,537	–	0.31%	–
TU	New	TELUS CORP	$7,886,000	–	270,154	–	0.31%	–
PAY	New	VERIFONE SYSTEMS INC	$7,823,000	–	465,378	–	0.30%	–
TIF	New	TIFFANY & CO NEW	$7,513,000	–	103,138	–	0.29%	–
DISCA	New	DISCOVERY COMMUNICATIONS NEW S	$7,510,000	–	97,233	–	0.29%	–
YHOO	New	YAHOO INC	$7,361,000	–	292,905	–	0.29%	–
USB	New	US BANCORP DEL NEW	$6,982,000	–	193,148	–	0.27%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$5,896,000	–	30,849	–	0.23%	–
DOW	New	DOW CHEMICAL CO	$5,732,000	–	178,179	–	0.22%	–
JDSU	New	JDS UNIPHASE CORP	$4,679,000	–	325,172	–	0.18%	–
HUBA	New	HUBBELL, INC CL A	$4,616,000	–	51,290	–	0.18%	–
EBAY	New	EBAY INC	$4,434,000	–	85,724	–	0.17%	–
CRRTQ	New	CARBO CERAMICS INC	$4,220,000	–	62,585	–	0.16%	–
STAR	New	ISTAR FINANCIAL INC	$4,117,000	–	364,655	–	0.16%	–
TWX	New	TIME WARNER INC NEW	$4,113,000	–	71,140	–	0.16%	–
MMC	New	MARSH & MCLENNAN COMPANIES, IN	$3,814,000	–	95,529	–	0.15%	–
UPS	New	UNITED PARCEL SERVICE CL B	$3,593,000	–	41,544	–	0.14%	–
WM	New	WASTE MANAGEMENT INC	$3,592,000	–	89,072	–	0.14%	–
KMB	New	KIMBERLY CLARK CORP	$3,508,000	–	36,114	–	0.14%	–
HUBB	New	HUBBELL, INC CL B	$3,519,000	–	35,550	–	0.14%	–
NWSA	New	NEWS CORP CL A	$3,495,000	–	107,280	–	0.14%	–
SON	New	SONOCO PRODUCTS CO	$3,209,000	–	92,828	–	0.12%	–
AIG	New	AMERICAN INTL GROUP NEW	$3,172,000	–	70,971	–	0.12%	–
APA	New	APACHE CORP	$3,021,000	–	36,035	–	0.12%	–
FDX	New	FEDEX CORP	$2,832,000	–	28,729	–	0.11%	–
AL	New	AIR LEASE CORP CL A	$2,763,000	–	100,145	–	0.11%	–
PAYX	New	PAYCHEX INC	$2,706,000	–	74,109	–	0.11%	–
SBGSY	New	SCHNEIDER ELECTRIC SA ADR	$2,502,000	–	172,660	–	0.10%	–
CMCSA	New	COMCAST CORP CL A	$2,381,000	–	57,021	–	0.09%	–
LBTYK	New	LIBERTY GLOBAL PLC SHS CL C	$2,186,000	–	32,201	–	0.08%	–
SYY	New	SYSCO CORP	$2,092,000	–	61,229	–	0.08%	–
NLSN	New	NIELSEN HOLDINGS N V	$2,106,000	–	62,685	–	0.08%	–
CRS	New	CARPENTER TECHNOLOGY CORP	$1,913,000	–	42,455	–	0.08%	–
CAT	New	CATERPILLAR INC	$1,773,000	–	21,494	–	0.07%	–
CELG	New	CELGENE CORP	$1,686,000	–	14,415	–	0.07%	–
CLP	New	COLONIAL PPTYS TR SH BEN INT	$1,688,000	–	70,000	–	0.07%	–
PFE	New	PFIZER INC	$1,617,000	–	57,739	–	0.06%	–
	New	LONGLEAF PARTNERS SMALL CAP FUmutual	$1,490,000	–	44,895	–	0.06%	–
CAM	New	CAMERON INTERNATIONAL CORP	$1,293,000	–	21,145	–	0.05%	–
MDRX	New	ALLSCRIPTS HEALTHCARE	$1,234,000	–	95,340	–	0.05%	–
WMT	New	WAL-MART STORES INC	$1,092,000	–	14,664	–	0.04%	–
	New	LONGLEAF PARTNERS SH BEN INTmutual	$988,000	–	34,164	–	0.04%	–
TDG	New	TRANSDIGM GROUP INC	$984,000	–	6,275	–	0.04%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B NE	$921,000	–	8,229	–	0.04%	–
WFC	New	WELLS FARGO & CO NEW	$860,000	–	20,830	–	0.03%	–
DE	New	DEERE & CO	$868,000	–	10,687	–	0.03%	–
T	New	AT&T INC	$844,000	–	23,837	–	0.03%	–
PTEN	New	PATTERSON-UTI ENERGY INC	$796,000	–	41,114	–	0.03%	–
UL	New	UNILEVER PLC SPON ADR NEW	$803,000	–	19,861	–	0.03%	–
	New	LONGLEAF PARTNERS INTERNATIONAmutual	$752,000	–	50,441	–	0.03%	–
COST	New	COSTCO WHOLESALE CORP NEW	$727,000	–	6,575	–	0.03%	–
WBC	New	WABCO HOLDINGS INC	$689,000	–	9,225	–	0.03%	–
VMC	New	VULCAN MATERIALS CO	$696,000	–	14,387	–	0.03%	–
GIS	New	GENERAL MILLS INC	$672,000	–	13,857	–	0.03%	–
PM	New	PHILIP MORRIS INTL INC	$675,000	–	7,791	–	0.03%	–
AMAT	New	APPLIED MATERIALS, INC	$658,000	–	44,122	–	0.03%	–
NOK	New	NOKIA CORP SPON ADR	$668,000	–	178,740	–	0.03%	–
CLB	New	CORE LABORATORIES N V	$617,000	–	4,070	–	0.02%	–
DUK	New	DUKE ENERGY CORP NEW	$628,000	–	9,310	–	0.02%	–
MO	New	ALTRIA GROUP INC	$604,000	–	17,249	–	0.02%	–
BDX	New	BECTON DICKINSON & CO	$582,000	–	5,889	–	0.02%	–
IP	New	INTERNATIONAL PAPER CO	$526,000	–	11,875	–	0.02%	–
CB	New	CHUBB CORP	$545,000	–	6,442	–	0.02%	–
TEVA	New	TEVA PHARMACEUTICAL INDUSTRIES	$546,000	–	13,929	–	0.02%	–
APC	New	ANADARKO PETROLEUM CORP	$492,000	–	5,728	–	0.02%	–
DD	New	DU PONT, (E.I.)	$435,000	–	8,279	–	0.02%	–
BHI	New	BAKER HUGHES INC	$430,000	–	9,314	–	0.02%	–
GILD	New	GILEAD SCIENCES INC	$433,000	–	8,446	–	0.02%	–
NUE	New	NUCOR CORP	$418,000	–	9,650	–	0.02%	–
BA	New	BOEING CO	$418,000	–	4,081	–	0.02%	–
TWC	New	TIME WARNER CABLE INC	$405,000	–	3,599	–	0.02%	–
AMZN	New	AMAZON.COM INC	$397,000	–	1,429	–	0.02%	–
	New	SEQUOIA FUND INCmutual	$367,000	–	1,901	–	0.01%	–
	New	INCOME FUND OF AMERICA CL Amutual	$347,000	–	18,209	–	0.01%	–
COP	New	CONOCOPHILLIPS	$350,000	–	5,787	–	0.01%	–
HSY	New	HERSHEY CO	$333,000	–	3,734	–	0.01%	–
MCD	New	MCDONALD'S CORP	$342,000	–	3,452	–	0.01%	–
LB	New	L BRANDS INC	$326,000	–	6,615	–	0.01%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$313,000	–	5,073	–	0.01%	–
	New	AMERICAN CAPITAL INCOME BUILDEmutual	$286,000	–	5,248	–	0.01%	–
	New	FPA CRESCENT FUND Imutual	$293,000	–	9,443	–	0.01%	–
	New	OAKMARK INTERNATIONAL SMALL CAmutual	$294,000	–	19,635	–	0.01%	–
EPD	New	ENTERPRISE PRODUCTS PARTNERS	$255,000	–	4,100	–	0.01%	–
QRTEA	New	LIBERTY MEDIA INTERACTIVE SER	$246,000	–	10,670	–	0.01%	–
RDSA	New	ROYAL DUTCH SHELL PLC SPON ADR	$263,000	–	4,117	–	0.01%	–
ORCL	New	ORACLE CORP	$245,000	–	7,977	–	0.01%	–
	New	ROYCE SPECIAL EQUITY FUNDmutual	$245,000	–	10,300	–	0.01%	–
4945SC	New	KINDER MORGAN ENERGY UT LTD PA	$252,000	–	2,952	–	0.01%	–
GWW	New	GRAINGER (W.W.), INC	$250,000	–	993	–	0.01%	–
SYK	New	STRYKER CORP	$223,000	–	3,450	–	0.01%	–
BAC	New	BANK OF AMERICA CORP	$242,000	–	18,832	–	0.01%	–
NEM	New	NEWMONT MINING CORP	$235,000	–	7,863	–	0.01%	–
HD	New	HOME DEPOT INC	$231,000	–	2,976	–	0.01%	–
FWLT	New	FOSTER WHEELER AG	$242,000	–	11,165	–	0.01%	–
	New	EATON VANCE SPL INVT VALUE FDmutual	$214,000	–	9,732	–	0.01%	–
NOV	New	NATIONAL OILWELL VARCO	$217,000	–	3,145	–	0.01%	–
TXT	New	TEXTRON INC	$210,000	–	8,048	–	0.01%	–
DOX	New	AMDOCS LTD ORD	$203,000	–	5,475	–	0.01%	–
FULT	New	FULTON FINANCIAL CORP PA	$208,000	–	18,100	–	0.01%	–
RDSB	New	ROYAL DUTCH SHELL PLC SPON ADR	$205,000	–	3,095	–	0.01%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$212,000	–	2,905	–	0.01%	–
JBLU	New	JETBLUE AIRWAYS CORP	$126,000	–	20,000	–	0.01%	–
	New	AMERICAN CENTURY EQUITY INCOMEmutual	$88,000	–	10,162	–	0.00%	–
AAMRQ	New	AMR CORP	$41,000	–	10,200	–	0.00%	–
MNI	New	MCCLATCHY CO CL A	$34,000	–	15,000	–	0.00%	–
LEE	New	LEE ENTERPRISES INC	$31,000	–	15,000	–	0.00%	–
ACPIQ	New	ANTHRACITE CAP INC	$0	–	11,276	–	0.00%	–
CAMH	New	CAMBRIDGE HEART INC	$3,000	–	302,350	–	0.00%	–
CNET	New	CHINANET ONLINE HOLDINGS	$12,000	–	20,000	–	0.00%	–
HRCT	New	HARTCOURT COMPANIES INC NEW	$0	–	10,000	–	0.00%	–
UGSI	New	UNDERGROUND SOLUTIONS	$2,000	–	10,000	–	0.00%	–

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