UNIVEST FINANCIAL Corp Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
VXUS	Sell	VANGUARD STAR FDSvg tl intl stk f	$38,719,874	-6.6%	723,466	-2.1%	12.92%	+3.1%
AAPL	Sell	APPLE INC	$12,279,695	-20.8%	71,723	-10.3%	4.10%	-12.6%
MSFT	Sell	MICROSOFT CORP	$10,520,159	-17.4%	33,318	-10.9%	3.51%	-8.9%
UVSP	Sell	UNIVEST FINANCIAL CORPORATIO	$9,011,498	-4.2%	518,498	-0.3%	3.01%	+5.7%
JNJ	Sell	JOHNSON & JOHNSON	$8,427,166	-6.2%	54,107	-0.3%	2.81%	+3.5%
SPAB	Buy	SPDR SER TRportfolio agrgte	$8,153,875	+0.4%	334,999	+4.7%	2.72%	+10.8%
GOOGL	Sell	ALPHABET INCcap stk cl a	$8,149,568	-9.1%	62,277	-16.8%	2.72%	+0.3%
XLE	Sell	SELECT SECTOR SPDR TRenergy	$7,830,305	-16.2%	86,628	-24.7%	2.61%	-7.5%
AMZN	Sell	AMAZON COM INC	$7,541,521	-22.4%	59,326	-20.4%	2.52%	-14.4%
UNH	Sell	UNITEDHEALTH GROUP INC	$6,075,994	+4.9%	12,051	-0.0%	2.03%	+15.8%
REGN	Buy	REGENERON PHARMACEUTICALS	$5,862,767	+22.2%	7,124	+6.7%	1.96%	+34.9%
COST	Sell	COSTCO WHSL CORP NEW	$5,841,122	-4.6%	10,339	-9.1%	1.95%	+5.3%
V	Sell	VISA INC	$5,622,825	-5.0%	24,446	-2.0%	1.88%	+4.8%
FB	Buy	META PLATFORMS INCcl a	$5,489,641	+7.2%	18,286	+2.5%	1.83%	+18.3%
BLK	Sell	BLACKROCK INC	$5,460,901	-10.9%	8,447	-4.8%	1.82%	-1.7%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$5,386,661	+0.7%	10,642	+3.8%	1.80%	+11.1%
AMAT	Sell	APPLIED MATLS INC	$5,316,896	-24.9%	38,403	-21.6%	1.78%	-17.1%
ROP	Buy	ROPER TECHNOLOGIES INC	$5,296,571	+29.1%	10,937	+28.2%	1.77%	+42.5%
SHW	Sell	SHERWIN WILLIAMS CO	$4,990,308	-18.0%	19,566	-14.6%	1.67%	-9.5%
AMT	Buy	AMERICAN TOWER CORP NEW	$4,901,597	-6.7%	29,806	+10.0%	1.64%	+3.0%
NEE	Buy	NEXTERA ENERGY INC	$4,802,391	-14.4%	83,826	+10.9%	1.60%	-5.5%
EL	Buy	LAUDER ESTEE COS INCcl a	$4,493,048	+58.4%	31,083	+115.2%	1.50%	+74.8%
JPM	Sell	JPMORGAN CHASE & CO	$4,416,584	-10.0%	30,455	-9.7%	1.47%	-0.7%
HD	Sell	HOME DEPOT INC	$3,880,640	-10.6%	12,843	-8.1%	1.30%	-1.4%
SPGI	Sell	S&P GLOBAL INC	$3,749,838	-16.1%	10,262	-7.9%	1.25%	-7.4%
FDX	Sell	FEDEX CORP	$3,748,353	-7.3%	14,149	-13.2%	1.25%	+2.3%
ACN	Sell	ACCENTURE PLC IRELAND	$3,718,181	-11.1%	12,107	-10.6%	1.24%	-1.9%
HON	Buy	HONEYWELL INTL INC	$3,702,744	-7.3%	20,043	+4.2%	1.24%	+2.3%
ZTS	Sell	ZOETIS INCcl a	$3,554,412	-3.9%	20,430	-4.9%	1.19%	+6.0%
SSNC	Buy	SS&C TECHNOLOGIES HLDGS INC	$3,491,493	-12.3%	66,454	+1.2%	1.16%	-3.2%
MDLZ	Sell	MONDELEZ INTL INCcl a	$3,490,890	-6.4%	50,301	-1.7%	1.16%	+3.2%
A	New	AGILENT TECHNOLOGIES INC	$3,433,321	–	30,704	–	1.15%	–
CRL	Sell	CHARLES RIV LABS INTL INC	$3,366,152	-8.2%	17,176	-1.5%	1.12%	+1.4%
CRM	Sell	SALESFORCE INC	$3,352,359	-10.3%	16,532	-6.5%	1.12%	-1.0%
POOL	Sell	POOL CORP	$3,341,287	-13.1%	9,383	-8.6%	1.12%	-4.1%
	Buy	AB GLOBAL BOND ADVISOR	$3,338,266	+1.7%	510,438	+4.5%	1.11%	+12.2%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$3,335,398	-12.7%	33,831	-2.0%	1.11%	-3.7%
NKE	Buy	NIKE INCcl b	$3,276,898	-1.9%	34,270	+13.3%	1.09%	+8.3%
TEL	Sell	TE CONNECTIVITY LTD	$3,267,862	-19.4%	26,454	-8.6%	1.09%	-11.1%
AXP	Sell	AMERICAN EXPRESS CO	$3,212,210	-16.0%	21,531	-1.9%	1.07%	-7.3%
MKSI	Sell	MKS INSTRS INC	$3,036,948	-33.2%	35,093	-16.5%	1.01%	-26.2%
IJH	Sell	ISHARES TRcore s&p mcp etf	$2,573,790	-5.0%	10,322	-0.3%	0.86%	+4.9%
IJR	Sell	ISHARES TRcore s&p scp etf	$2,439,845	-6.4%	25,865	-1.1%	0.81%	+3.3%
XOM	Buy	EXXON MOBIL CORP	$1,260,340	+27.8%	10,719	+16.6%	0.42%	+41.3%
LLY	Sell	ELI LILLY & CO	$1,230,028	+5.3%	2,290	-8.0%	0.41%	+16.4%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$984,487	-3.2%	2,303	+0.4%	0.33%	+6.8%
MRK	Sell	MERCK & CO INC	$943,434	-17.0%	9,164	-7.0%	0.32%	-8.4%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$839,813	+84.9%	5,123	+96.1%	0.28%	+104.4%
UNP	Buy	UNION PAC CORP	$767,889	+1.3%	3,771	+1.8%	0.26%	+11.8%
CVX	Sell	CHEVRON CORP NEW	$705,499	+5.3%	4,184	-1.8%	0.24%	+15.8%
HSY	Buy	HERSHEY CO	$606,643	-19.7%	3,032	+0.2%	0.20%	-11.8%
PEP	Buy	PEPSICO INC	$603,884	-6.0%	3,564	+2.7%	0.20%	+4.1%
VEU	Sell	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$545,828	-7.4%	10,523	-2.9%	0.18%	+2.2%
PG	Sell	PROCTER AND GAMBLE CO	$526,408	-25.8%	3,609	-22.9%	0.18%	-18.1%
WM	Buy	WASTE MGMT INC DEL	$478,814	-9.7%	3,141	+2.7%	0.16%	0.0%
AMGN	Sell	AMGEN INC	$437,273	-14.9%	1,627	-29.7%	0.15%	-5.8%
MET	Buy	METLIFE INC	$395,515	+32.6%	6,287	+19.2%	0.13%	+46.7%
LMT	Sell	LOCKHEED MARTIN CORP	$389,330	-17.0%	952	-6.6%	0.13%	-8.5%
PWR	Buy	QUANTA SVCS INC	$388,171	-3.6%	2,075	+1.2%	0.13%	+6.6%
PFE	Buy	PFIZER INC	$387,359	-3.9%	11,678	+6.2%	0.13%	+5.7%
CMCSA	Sell	COMCAST CORP NEWcl a	$372,234	-7.2%	8,395	-13.1%	0.12%	+2.5%
FTNT	Buy	FORTINET INC	$364,931	+82.2%	6,219	+134.7%	0.12%	+100.0%
CSCO	Sell	CISCO SYS INC	$366,160	-18.2%	6,811	-21.3%	0.12%	-9.6%
PM	Sell	PHILIP MORRIS INTL INC	$360,136	-27.8%	3,890	-23.9%	0.12%	-20.5%
BX	Sell	BLACKSTONE INC	$345,527	-18.2%	3,225	-29.0%	0.12%	-10.2%
WMT	Sell	WALMART INC	$336,333	-1.5%	2,103	-3.2%	0.11%	+8.7%
ABT	Sell	ABBOTT LABS	$324,351	-91.7%	3,349	-90.7%	0.11%	-90.9%
VZ	Sell	VERIZON COMMUNICATIONS INC	$321,766	-42.8%	9,928	-34.4%	0.11%	-37.1%
MCD	Buy	MCDONALDS CORP	$290,574	-9.8%	1,103	+2.1%	0.10%	0.0%
CAT	Sell	CATERPILLAR INC	$280,644	-7.9%	1,028	-17.0%	0.09%	+2.2%
IVV	Buy	ISHARES TRcore s&p500 etf	$280,418	-0.1%	653	+3.7%	0.09%	+10.6%
DIS	Sell	DISNEY WALT CO	$283,108	-91.9%	3,493	-91.1%	0.09%	-91.1%
WSO	Sell	WATSCO INC	$281,401	-8.0%	745	-7.1%	0.09%	+1.1%
ADBE	Buy	ADOBE INC	$265,658	+10.6%	521	+6.1%	0.09%	+21.9%
	Sell	GUGGENHEIM FLOATING RATE STRAT	$266,027	-2.2%	10,845	-3.4%	0.09%	+8.5%
BA	Sell	BOEING CO	$262,985	-25.3%	1,372	-17.7%	0.09%	-17.0%
EXC	Buy	EXELON CORP	$264,568	-6.8%	7,001	+0.4%	0.09%	+2.3%
CME	Sell	CME GROUP INC	$261,087	+0.1%	1,304	-7.4%	0.09%	+10.1%
BNDX	Buy	VANGUARD CHARLOTTE FDStotal int bd etf	$260,099	+3.2%	5,438	+5.4%	0.09%	+14.5%
APD	Buy	AIR PRODS & CHEMS INC	$259,028	-5.1%	914	+0.3%	0.09%	+3.6%
ICE	Buy	INTERCONTINENTAL EXCHANGE IN	$235,443	-2.0%	2,140	+0.8%	0.08%	+8.2%
SNPS	Sell	SYNOPSYS INC	$235,910	+0.3%	514	-4.8%	0.08%	+11.3%
FLO	Buy	FLOWERS FOODS INC	$233,910	-2.5%	10,546	+9.3%	0.08%	+6.8%
GPC	Buy	GENUINE PARTS CO	$222,634	-6.4%	1,542	+9.7%	0.07%	+2.8%
NOW	Sell	SERVICENOW INC	$220,230	-7.6%	394	-7.1%	0.07%	+2.8%
PLD	Buy	PROLOGIS INC.	$214,434	-8.0%	1,911	+0.5%	0.07%	+1.4%
URI	Sell	UNITED RENTALS INC	$204,947	-30.3%	461	-30.2%	0.07%	-23.6%
KMI	Sell	KINDER MORGAN INC DEL	$196,656	-6.3%	11,861	-2.7%	0.07%	+3.1%
ECL	Exit	ECOLAB INC	$0	–	-1,095	–	-0.06%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-932	–	-0.06%	–
SO	Exit	SOUTHERN CO	$0	–	-2,926	–	-0.06%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-1,072	–	-0.06%	–
VEEV	Exit	VEEVA SYS INC	$0	–	-1,055	–	-0.06%	–
F	Exit	FORD MTR CO DEL	$0	–	-13,840	–	-0.06%	–
WTRG	Exit	ESSENTIAL UTILS INC	$0	–	-5,179	–	-0.06%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-1,004	–	-0.06%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-777	–	-0.06%	–
DAR	Exit	DARLING INGREDIENTS INC	$0	–	-3,981	–	-0.08%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-3,049	–	-0.08%	–
DHI	Exit	D R HORTON INC	$0	–	-2,526	–	-0.09%	–

Q2 2023

			Value		Shares		↓ Weighting
VXUS	New	VANGUARD STAR FDSvg tl intl stk f	$41,448,364	–	739,094	–	12.54%	–
VOO	New	VANGUARD INDEX FDS	$22,432,168	–	55,078	–	6.79%	–
AAPL	New	APPLE INC	$15,503,634	–	79,928	–	4.69%	–
MSFT	New	MICROSOFT CORP	$12,740,964	–	37,414	–	3.85%	–
AMZN	New	AMAZON COM INC	$9,717,686	–	74,545	–	2.94%	–
UVSP	New	UNIVEST FINANCIAL CORPORATIO	$9,404,551	–	520,163	–	2.84%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$9,341,369	–	115,084	–	2.83%	–
JNJ	New	JOHNSON & JOHNSON	$8,984,260	–	54,279	–	2.72%	–
GOOGL	New	ALPHABET INCcap stk cl a	$8,961,341	–	74,865	–	2.71%	–
SPAB	New	SPDR SER TRportfolio agrgte	$8,119,060	–	320,026	–	2.46%	–
AMAT	New	APPLIED MATLS INC	$7,078,413	–	48,972	–	2.14%	–
BLK	New	BLACKROCK INC	$6,129,721	–	8,869	–	1.85%	–
COST	New	COSTCO WHSL CORP NEW	$6,122,996	–	11,373	–	1.85%	–
SHW	New	SHERWIN WILLIAMS CO	$6,085,453	–	22,919	–	1.84%	–
V	New	VISA INC	$5,921,327	–	24,934	–	1.79%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,792,673	–	12,052	–	1.75%	–
NEE	New	NEXTERA ENERGY INC	$5,609,297	–	75,597	–	1.70%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$5,349,503	–	10,253	–	1.62%	–
AMT	New	AMERICAN TOWER CORP NEW	$5,253,446	–	27,088	–	1.59%	–
FB	New	META PLATFORMS INCcl a	$5,118,575	–	17,836	–	1.55%	–
JPM	New	JPMORGAN CHASE & CO	$4,906,709	–	33,737	–	1.48%	–
REGN	New	REGENERON PHARMACEUTICALS	$4,796,973	–	6,676	–	1.45%	–
MKSI	New	MKS INSTRS INC	$4,543,443	–	42,030	–	1.37%	–
SPGI	New	S&P GLOBAL INC	$4,469,122	–	11,148	–	1.35%	–
HD	New	HOME DEPOT INC	$4,339,330	–	13,969	–	1.31%	–
ACN	New	ACCENTURE PLC IRELAND	$4,180,334	–	13,547	–	1.26%	–
ROP	New	ROPER TECHNOLOGIES INC	$4,102,185	–	8,532	–	1.24%	–
TEL	New	TE CONNECTIVITY LTD	$4,055,390	–	28,934	–	1.23%	–
FDX	New	FEDEX CORP	$4,042,010	–	16,305	–	1.22%	–
HON	New	HONEYWELL INTL INC	$3,992,301	–	19,240	–	1.21%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$3,981,178	–	65,696	–	1.20%	–
ABT	New	ABBOTT LABS	$3,930,607	–	36,054	–	1.19%	–
POOL	New	POOL CORP	$3,846,054	–	10,266	–	1.16%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$3,819,801	–	34,509	–	1.16%	–
AXP	New	AMERICAN EXPRESS CO	$3,822,122	–	21,941	–	1.16%	–
CRM	New	SALESFORCE INC	$3,735,921	–	17,684	–	1.13%	–
MDLZ	New	MONDELEZ INTL INCcl a	$3,730,662	–	51,147	–	1.13%	–
ZTS	New	ZOETIS INCcl a	$3,698,209	–	21,475	–	1.12%	–
CRL	New	CHARLES RIV LABS INTL INC	$3,666,971	–	17,441	–	1.11%	–
DIS	New	DISNEY WALT CO	$3,509,508	–	39,309	–	1.06%	–
NKE	New	NIKE INCcl b	$3,339,465	–	30,257	–	1.01%	–
	New	AB GLOBAL BOND ADVISOR	$3,283,653	–	488,638	–	0.99%	–
EL	New	LAUDER ESTEE COS INCcl a	$2,836,316	–	14,443	–	0.86%	–
IJH	New	ISHARES TRcore s&p mcp etf	$2,708,149	–	10,357	–	0.82%	–
IJR	New	ISHARES TRcore s&p scp etf	$2,605,449	–	26,146	–	0.79%	–
EFX	New	EQUIFAX INC	$1,235,325	–	5,250	–	0.37%	–
LLY	New	LILLY ELI & CO	$1,167,760	–	2,490	–	0.35%	–
MRK	New	MERCK & CO INC	$1,136,822	–	9,852	–	0.34%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,016,884	–	2,294	–	0.31%	–
XOM	New	EXXON MOBIL CORP	$986,271	–	9,196	–	0.30%	–
NSC	New	NORFOLK SOUTHN CORP	$874,160	–	3,855	–	0.26%	–
UNP	New	UNION PAC CORP	$757,708	–	3,703	–	0.23%	–
HSY	New	HERSHEY CO	$755,842	–	3,027	–	0.23%	–
PG	New	PROCTER AND GAMBLE CO	$709,840	–	4,678	–	0.22%	–
CVX	New	CHEVRON CORP NEW	$670,147	–	4,259	–	0.20%	–
PEP	New	PEPSICO INC	$642,528	–	3,469	–	0.19%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$589,532	–	10,835	–	0.18%	–
VZ	New	VERIZON COMMUNICATIONS INC	$562,871	–	15,135	–	0.17%	–
WM	New	WASTE MGMT INC DEL	$530,318	–	3,058	–	0.16%	–
PPG	New	PPG INDS INC	$516,974	–	3,486	–	0.16%	–
AMGN	New	AMGEN INC	$513,755	–	2,314	–	0.16%	–
PNC	New	PNC FINL SVCS GROUP INC	$507,579	–	4,030	–	0.15%	–
PM	New	PHILIP MORRIS INTL INC	$498,936	–	5,111	–	0.15%	–
LMT	New	LOCKHEED MARTIN CORP	$469,128	–	1,019	–	0.14%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$454,122	–	2,612	–	0.14%	–
WSFS	New	WSFS FINL CORP	$448,340	–	11,886	–	0.14%	–
AVGO	New	BROADCOM INC	$445,859	–	514	–	0.14%	–
CSCO	New	CISCO SYS INC	$447,758	–	8,654	–	0.14%	–
BX	New	BLACKSTONE INC	$422,456	–	4,544	–	0.13%	–
DE	New	DEERE & CO	$402,354	–	993	–	0.12%	–
PWR	New	QUANTA SVCS INC	$402,723	–	2,050	–	0.12%	–
PFE	New	PFIZER INC	$403,260	–	10,994	–	0.12%	–
CMCSA	New	COMCAST CORP NEWcl a	$401,207	–	9,656	–	0.12%	–
KO	New	COCA COLA CO	$372,280	–	6,182	–	0.11%	–
BA	New	BOEING CO	$352,004	–	1,667	–	0.11%	–
WMT	New	WALMART INC	$341,395	–	2,172	–	0.10%	–
MCD	New	MCDONALDS CORP	$322,283	–	1,080	–	0.10%	–
WSO	New	WATSCO INC	$305,939	–	802	–	0.09%	–
DHI	New	D R HORTON INC	$307,389	–	2,526	–	0.09%	–
MGK	New	VANGUARD WORLD FDmega grwth ind	$305,916	–	1,300	–	0.09%	–
CAT	New	CATERPILLAR INC	$304,610	–	1,238	–	0.09%	–
MET	New	METLIFE INC	$298,196	–	5,275	–	0.09%	–
URI	New	UNITED RENTALS INC	$293,944	–	660	–	0.09%	–
PPL	New	PPL CORP	$295,188	–	11,156	–	0.09%	–
EXC	New	EXELON CORP	$283,999	–	6,971	–	0.09%	–
IVV	New	ISHARES TRcore s&p500 etf	$280,797	–	630	–	0.08%	–
BP	New	BP PLCsponsored adr	$280,133	–	7,938	–	0.08%	–
ADI	New	ANALOG DEVICES INC	$278,968	–	1,432	–	0.08%	–
APD	New	AIR PRODS & CHEMS INC	$272,872	–	911	–	0.08%	–
	New	GUGGENHEIM FLOATING RATE STRAT	$272,032	–	11,227	–	0.08%	–
MDT	New	MEDTRONIC PLC	$268,617	–	3,049	–	0.08%	–
CME	New	CME GROUP INC	$260,888	–	1,408	–	0.08%	–
DAR	New	DARLING INGREDIENTS INC	$253,948	–	3,981	–	0.08%	–
BNDX	New	VANGUARD CHARLOTTE FDStotal int bd etf	$252,074	–	5,157	–	0.08%	–
VEA	New	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$250,250	–	5,419	–	0.08%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$240,094	–	491	–	0.07%	–
MGV	New	VANGUARD WORLD FDmega cap val etf	$242,176	–	2,334	–	0.07%	–
FLO	New	FLOWERS FOODS INC	$240,017	–	9,647	–	0.07%	–
MO	New	ALTRIA GROUP INC	$241,449	–	5,330	–	0.07%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$240,182	–	2,124	–	0.07%	–
NOW	New	SERVICENOW INC	$238,275	–	424	–	0.07%	–
GPC	New	GENUINE PARTS CO	$237,937	–	1,406	–	0.07%	–
PLD	New	PROLOGIS INC.	$233,119	–	1,901	–	0.07%	–
SNPS	New	SYNOPSYS INC	$235,122	–	540	–	0.07%	–
ABBV	New	ABBVIE INC	$232,814	–	1,728	–	0.07%	–
CDW	New	CDW CORP	$228,091	–	1,243	–	0.07%	–
IWF	New	ISHARES TRrus 1000 grw etf	$213,815	–	777	–	0.06%	–
KMI	New	KINDER MORGAN INC DEL	$209,912	–	12,190	–	0.06%	–
VEEV	New	VEEVA SYS INC	$208,605	–	1,055	–	0.06%	–
WTRG	New	ESSENTIAL UTILS INC	$206,694	–	5,179	–	0.06%	–
F	New	FORD MTR CO DEL	$209,399	–	13,840	–	0.06%	–
PXD	New	PIONEER NAT RES CO	$208,009	–	1,004	–	0.06%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$205,301	–	932	–	0.06%	–
SO	New	SOUTHERN CO	$205,552	–	2,926	–	0.06%	–
ABC	New	AMERISOURCEBERGEN CORP	$206,285	–	1,072	–	0.06%	–
ECL	New	ECOLAB INC	$204,426	–	1,095	–	0.06%	–
FTNT	New	FORTINET INC	$200,314	–	2,650	–	0.06%	–
T	New	AT&T INC	$193,729	–	12,146	–	0.06%	–

Q4 2022

			Value		Shares		↓ Weighting
T	Exit	AT&T INC	$0	–	-12,146	–	-0.06%	–
CDW	Exit	CDW CORP	$0	–	-1,300	–	-0.07%	–
MS	Exit	MORGAN STANLEY	$0	–	-2,663	–	-0.07%	–
HAS	Exit	HASBRO INC	$0	–	-3,183	–	-0.07%	–
WTRG	Exit	ESSENTIAL UTILS INC	$0	–	-5,179	–	-0.07%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,330	–	-0.07%	–
BP	Exit	BP PLCsponsored adr	$0	–	-7,938	–	-0.07%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-2,373	–	-0.07%	–
MGV	Exit	VANGUARD WORLD FDmega cap val etf	$0	–	-2,658	–	-0.08%	–
CME	Exit	CME GROUP INC	$0	–	-1,356	–	-0.08%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-2,560	–	-0.08%	–
EXC	Exit	EXELON CORP	$0	–	-6,971	–	-0.08%	–
MGK	Exit	VANGUARD WORLD FDmega grwth ind	$0	–	-1,485	–	-0.08%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-2,050	–	-0.08%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-2,140	–	-0.09%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-1,148	–	-0.09%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,228	–	-0.09%	–
PPL	Exit	PPL CORP	$0	–	-11,322	–	-0.09%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-1,860	–	-0.10%	–
MET	Exit	METLIFE INC	$0	–	-5,072	–	-0.10%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,890	–	-0.11%	–
DE	Exit	DEERE & CO	$0	–	-993	–	-0.11%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,503	–	-0.11%	–
KO	Exit	COCA COLA CO	$0	–	-6,282	–	-0.12%	–
DOX	Exit	AMDOCS LTD	$0	–	-4,420	–	-0.12%	–
PPG	Exit	PPG INDS INC	$0	–	-3,486	–	-0.13%	–
WMT	Exit	WALMART INC	$0	–	-3,139	–	-0.13%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-3,176	–	-0.15%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-12,030	–	-0.15%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,229	–	-0.16%	–
PFE	Exit	PFIZER INC	$0	–	-11,463	–	-0.16%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-3,349	–	-0.18%	–
WSFS	Exit	WSFS FINL CORP	$0	–	-11,886	–	-0.18%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-4,610	–	-0.19%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-4,225	–	-0.21%	–
PEP	Exit	PEPSICO INC	$0	–	-3,945	–	-0.21%	–
HSY	Exit	HERSHEY CO	$0	–	-3,027	–	-0.22%	–
UNP	Exit	UNION PAC CORP	$0	–	-3,703	–	-0.24%	–
LLY	Exit	LILLY ELI & CO	$0	–	-2,290	–	-0.24%	–
MRK	Exit	MERCK & CO INC	$0	–	-9,209	–	-0.26%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-9,196	–	-0.26%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-3,855	–	-0.26%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,294	–	-0.27%	–
EFX	Exit	EQUIFAX INC	$0	–	-5,250	–	-0.29%	–
JNK	Exit	SPDR SER TRbloomberg high y	$0	–	-12,140	–	-0.35%	–
BNDX	Exit	VANGUARD CHARLOTTE FDStotal int bd etf	$0	–	-27,770	–	-0.43%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-12,215	–	-0.48%	–
MKSI	Exit	MKS INSTRS INC	$0	–	-18,634	–	-0.50%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-18,725	–	-0.51%	–
XLF	Exit	SELECT SECTOR SPDR TRfinancial	$0	–	-52,493	–	-0.52%	–
MDYG	Exit	SPDR SER TRs&p 400 mdcp grw	$0	–	-29,731	–	-0.59%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-38,559	–	-0.60%	–
DHI	Exit	D R HORTON INC	$0	–	-31,063	–	-0.68%	–
ABT	Exit	ABBOTT LABS	$0	–	-21,855	–	-0.69%	–
BLK	Exit	BLACKROCK INC	$0	–	-4,017	–	-0.72%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-26,407	–	-0.74%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-78,759	–	-0.76%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-17,851	–	-0.83%	–
FDX	Exit	FEDEX CORP	$0	–	-17,414	–	-0.85%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-11,990	–	-0.86%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-32,629	–	-0.87%	–
VEU	Exit	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$0	–	-61,010	–	-0.88%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-31,637	–	-0.90%	–
DIS	Exit	DISNEY WALT CO	$0	–	-29,487	–	-0.91%	–
CSCO	Exit	CISCO SYS INC	$0	–	-76,223	–	-1.00%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-13,304	–	-1.00%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-15,693	–	-1.05%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-21,977	–	-1.07%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-12,882	–	-1.08%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-25,231	–	-1.11%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-31,158	–	-1.12%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-11,335	–	-1.13%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-63,580	–	-1.14%	–
NKE	Exit	NIKE INCcl b	$0	–	-43,386	–	-1.18%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-22,610	–	-1.24%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-28,277	–	-1.26%	–
	Exit	AB GLOBAL BOND ADVISOR	$0	–	-570,723	–	-1.32%	–
AMGN	Exit	AMGEN INC	$0	–	-18,001	–	-1.33%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-6,041	–	-1.36%	–
HD	Exit	HOME DEPOT INC	$0	–	-15,144	–	-1.37%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-40,054	–	-1.37%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-13,635	–	-1.60%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-22,833	–	-1.60%	–
V	Exit	VISA INC	$0	–	-29,490	–	-1.71%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-56,159	–	-1.76%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-10,645	–	-1.77%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-72,923	–	-1.87%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-12,344	–	-1.91%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-11,651	–	-1.92%	–
SPAB	Exit	SPDR SER TRportfolio agrgte	$0	–	-265,947	–	-2.17%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-57,861	–	-2.25%	–
AMZN	Exit	AMAZON COM INC	$0	–	-62,443	–	-2.31%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-54,867	–	-2.93%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-42,286	–	-3.22%	–
AAPL	Exit	APPLE INC	$0	–	-72,106	–	-3.26%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-139,808	–	-3.29%	–
UVSP	Exit	UNIVEST FINANCIAL CORPORATIO	$0	–	-525,743	–	-4.04%	–
BND	Exit	VANGUARD BD INDEX FDStotal bnd mrkt	$0	–	-215,027	–	-5.02%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-59,119	–	-6.35%	–
VXUS	Exit	VANGUARD STAR FDSvg tl intl stk f	$0	–	-743,985	–	-11.14%	–

Q3 2022

			Value		Shares		↓ Weighting
VXUS	Buy	VANGUARD STAR FDSvg tl intl stk f	$34,052,000	-11.1%	743,985	+0.3%	11.14%	-10.8%
VOO	Sell	VANGUARD INDEX FDS	$19,409,000	-7.1%	59,119	-1.9%	6.35%	-6.9%
BND	Buy	VANGUARD BD INDEX FDStotal bnd mrkt	$15,338,000	+2766.9%	215,027	+2923.4%	5.02%	+2767.4%
UVSP	Sell	UNIVEST FINANCIAL CORPORATIO	$12,344,000	-8.0%	525,743	-0.3%	4.04%	-7.7%
XLE	Buy	SELECT SECTOR SPDR TRenergy	$10,069,000	+35.6%	139,808	+34.6%	3.29%	+36.0%
AAPL	Sell	APPLE INC	$9,965,000	-3.8%	72,106	-4.8%	3.26%	-3.5%
MSFT	Sell	MICROSOFT CORP	$9,848,000	-10.4%	42,286	-1.2%	3.22%	-10.1%
JNJ	Sell	JOHNSON & JOHNSON	$8,963,000	-9.6%	54,867	-1.8%	2.93%	-9.4%
AMZN	Sell	AMAZON COM INC	$7,056,000	-4.8%	62,443	-10.5%	2.31%	-4.5%
XLK	New	SELECT SECTOR SPDR TRtechnology	$6,873,000	–	57,861	–	2.25%	–
SPAB	Buy	SPDR SER TRportfolio agrgte	$6,635,000	+285.3%	265,947	+306.9%	2.17%	+286.3%
UNH	Buy	UNITEDHEALTH GROUP INC	$5,885,000	+20.4%	11,651	+22.4%	1.92%	+20.8%
COST	Sell	COSTCO WHSL CORP NEW	$5,830,000	-15.7%	12,344	-14.5%	1.91%	-15.5%
NEE	Buy	NEXTERA ENERGY INC	$5,718,000	+27.7%	72,923	+26.1%	1.87%	+28.1%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$5,399,000	+2.8%	10,645	+10.2%	1.77%	+3.1%
GOOGL	Buy	ALPHABET INCcap stk cl a	$5,372,000	-8.7%	56,159	+1979.2%	1.76%	-8.5%
V	Sell	VISA INC	$5,239,000	-17.5%	29,490	-8.6%	1.71%	-17.2%
AMT	Sell	AMERICAN TOWER CORP NEW	$4,903,000	-26.7%	22,833	-12.7%	1.60%	-26.5%
ROP	Buy	ROPER TECHNOLOGIES INC	$4,904,000	+22.0%	13,635	+33.9%	1.60%	+22.3%
JPM	Sell	JPMORGAN CHASE & CO	$4,186,000	-14.2%	40,054	-7.6%	1.37%	-14.0%
HD	Sell	HOME DEPOT INC	$4,179,000	-25.9%	15,144	-26.3%	1.37%	-25.7%
REGN	New	REGENERON PHARMACEUTICALS	$4,162,000	–	6,041	–	1.36%	–
AMGN	Sell	AMGEN INC	$4,058,000	-33.3%	18,001	-28.0%	1.33%	-33.1%
	Sell	AB GLOBAL BOND ADVISOR	$4,046,000	-46.2%	570,723	-44.0%	1.32%	-46.0%
FB	Buy	META PLATFORMS INCcl a	$3,836,000	-4.2%	28,277	+13.8%	1.26%	-4.0%
HON	Sell	HONEYWELL INTL INC	$3,775,000	-21.6%	22,610	-18.3%	1.24%	-21.3%
NKE	Buy	NIKE INCcl b	$3,606,000	-7.7%	43,386	+13.5%	1.18%	-7.5%
MDLZ	Buy	MONDELEZ INTL INCcl a	$3,486,000	+60.1%	63,580	+81.3%	1.14%	+60.6%
SPGI	Buy	S&P GLOBAL INC	$3,461,000	-8.3%	11,335	+1.2%	1.13%	-8.0%
TEL	Buy	TE CONNECTIVITY LTD	$3,439,000	+0.2%	31,158	+2.7%	1.12%	+0.5%
AXP	Buy	AMERICAN EXPRESS CO	$3,404,000	-1.8%	25,231	+0.9%	1.11%	-1.5%
ACN	New	ACCENTURE PLC IRELAND	$3,315,000	–	12,882	–	1.08%	–
ZTS	Sell	ZOETIS INCcl a	$3,259,000	-14.5%	21,977	-0.8%	1.07%	-14.2%
SHW	Sell	SHERWIN WILLIAMS CO	$3,213,000	-22.1%	15,693	-14.8%	1.05%	-21.9%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$3,056,000	-12.2%	13,304	-10.9%	1.00%	-11.9%
CSCO	Sell	CISCO SYS INC	$3,049,000	-38.5%	76,223	-34.4%	1.00%	-38.3%
DIS	Sell	DISNEY WALT CO	$2,781,000	-12.1%	29,487	-12.1%	0.91%	-11.8%
IJR	Sell	ISHARES TRcore s&p scp etf	$2,758,000	-7.4%	31,637	-1.8%	0.90%	-7.1%
VEU	Buy	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$2,706,000	+464.9%	61,010	+536.4%	0.88%	+467.3%
AMAT	Sell	APPLIED MATLS INC	$2,673,000	-38.8%	32,629	-32.0%	0.87%	-38.6%
IJH	Sell	ISHARES TRcore s&p mcp etf	$2,629,000	-5.0%	11,990	-1.9%	0.86%	-4.7%
FDX	Sell	FEDEX CORP	$2,585,000	-39.3%	17,414	-7.2%	0.85%	-39.0%
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$2,542,000	–	17,851	–	0.83%	–
CMCSA	Sell	COMCAST CORP NEWcl a	$2,310,000	-39.4%	78,759	-19.0%	0.76%	-39.2%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$2,252,000	-22.7%	26,407	-16.0%	0.74%	-22.4%
BLK	Sell	BLACKROCK INC	$2,210,000	-50.0%	4,017	-44.7%	0.72%	-49.9%
ABT	Sell	ABBOTT LABS	$2,115,000	-43.6%	21,855	-36.7%	0.69%	-43.5%
DHI	Sell	D R HORTON INC	$2,093,000	-57.1%	31,063	-57.9%	0.68%	-56.9%
SSNC	Sell	SS&C TECHNOLOGIES HLDGS INC	$1,842,000	-41.3%	38,559	-28.6%	0.60%	-41.1%
MDYG	New	SPDR SER TRs&p 400 mdcp grw	$1,795,000	–	29,731	–	0.59%	–
XLF	New	SELECT SECTOR SPDR TRfinancial	$1,593,000	–	52,493	–	0.52%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$1,551,000	–	18,725	–	0.51%	–
MKSI	Sell	MKS INSTRS INC	$1,540,000	-45.6%	18,634	-32.5%	0.50%	-45.4%
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$1,479,000	–	12,215	–	0.48%	–
BNDX	Buy	VANGUARD CHARLOTTE FDStotal int bd etf	$1,325,000	+419.6%	27,770	+438.5%	0.43%	+421.7%
JNK	New	SPDR SER TRbloomberg high y	$1,066,000	–	12,140	–	0.35%	–
NSC	Sell	NORFOLK SOUTHN CORP	$808,000	-10.3%	3,855	-2.8%	0.26%	-10.2%
MRK	Sell	MERCK & CO INC	$793,000	-7.9%	9,209	-2.5%	0.26%	-7.8%
PEP	Sell	PEPSICO INC	$644,000	-7.3%	3,945	-5.5%	0.21%	-7.0%
PG	Sell	PROCTER AND GAMBLE CO	$582,000	-14.3%	4,610	-2.5%	0.19%	-14.0%
WM	Sell	WASTE MGMT INC DEL	$537,000	-4.3%	3,349	-8.6%	0.18%	-3.8%
PFE	Sell	PFIZER INC	$501,000	-19.7%	11,463	-3.8%	0.16%	-19.6%
LMT	Sell	LOCKHEED MARTIN CORP	$474,000	-16.8%	1,229	-7.2%	0.16%	-16.7%
VZ	Sell	VERIZON COMMUNICATIONS INC	$457,000	-39.9%	12,030	-19.8%	0.15%	-39.5%
WMT	Sell	WALMART INC	$407,000	+2.5%	3,139	-3.8%	0.13%	+3.1%
PPG	Sell	PPG INDS INC	$386,000	-4.5%	3,486	-1.1%	0.13%	-4.5%
DOX	Sell	AMDOCS LTD	$351,000	-32.6%	4,420	-29.3%	0.12%	-32.4%
ABBV	Sell	ABBVIE INC	$336,000	-35.5%	2,503	-26.4%	0.11%	-35.3%
MET	Sell	METLIFE INC	$308,000	-8.1%	5,072	-5.1%	0.10%	-7.3%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$300,000	-16.4%	1,860	-5.5%	0.10%	-16.2%
MCD	Sell	MCDONALDS CORP	$283,000	-11.0%	1,228	-4.7%	0.09%	-10.6%
APD	Sell	AIR PRODS & CHEMS INC	$267,000	-13.0%	1,148	-10.1%	0.09%	-13.0%
DGX	Sell	QUEST DIAGNOSTICS INC	$263,000	-11.4%	2,140	-4.1%	0.09%	-11.3%
MGK	Sell	VANGUARD WORLD FDmega grwth ind	$259,000	-6.5%	1,485	-2.8%	0.08%	-5.6%
ETR	Sell	ENTERGY CORP NEW	$258,000	-17.8%	2,560	-8.3%	0.08%	-17.6%
CME	Sell	CME GROUP INC	$240,000	-14.9%	1,356	-1.7%	0.08%	-14.1%
CVS	Sell	CVS HEALTH CORP	$226,000	-94.1%	2,373	-94.3%	0.07%	-94.1%
HAS	Buy	HASBRO INC	$215,000	-17.0%	3,183	+0.7%	0.07%	-16.7%
BA	Exit	BOEING CO	$0	–	-1,466	–	-0.06%	–
SO	Exit	SOUTHERN CO	$0	–	-2,926	–	-0.07%	–
FLO	Exit	FLOWERS FOODS INC	$0	–	-8,230	–	-0.07%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-7,953	–	-0.08%	–
ORLY	Exit	OREILLY AUTOMOTIVE INC	$0	–	-429	–	-0.09%	–
VEA	Exit	VANGUARD TAX-MANAGED INTL FDvan ftse dev mkt	$0	–	-6,851	–	-0.09%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-9,814	–	-0.10%	–
RGLD	Exit	ROYAL GOLD INC	$0	–	-3,252	–	-0.11%	–
GPN	Exit	GLOBAL PMTS INC	$0	–	-44,532	–	-1.61%	–

Q2 2022

			Value		Shares		↓ Weighting
VXUS	New	VANGUARD STAR FDSvg tl intl stk f	$38,290,000	–	741,908	–	12.49%	–
VOO	New	VANGUARD INDEX FDS	$20,901,000	–	60,254	–	6.82%	–
UVSP	New	UNIVEST FINANCIAL CORPORATIO	$13,415,000	–	527,319	–	4.38%	–
MSFT	New	MICROSOFT CORP	$10,987,000	–	42,779	–	3.58%	–
AAPL	New	APPLE INC	$10,356,000	–	75,747	–	3.38%	–
JNJ	New	JOHNSON & JOHNSON	$9,918,000	–	55,877	–	3.24%	–
	New	AB GLOBAL BOND ADVISOR	$7,517,000	–	1,019,905	–	2.45%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$7,426,000	–	103,857	–	2.42%	–
AMZN	New	AMAZON COM INC	$7,409,000	–	69,758	–	2.42%	–
COST	New	COSTCO WHSL CORP NEW	$6,919,000	–	14,437	–	2.26%	–
AMT	New	AMERICAN TOWER CORP NEW	$6,687,000	–	26,164	–	2.18%	–
V	New	VISA INC	$6,349,000	–	32,249	–	2.07%	–
AMGN	New	AMGEN INC	$6,081,000	–	24,994	–	1.98%	–
GOOGL	New	ALPHABET INCcap stk cl a	$5,887,000	–	2,701	–	1.92%	–
HD	New	HOME DEPOT INC	$5,637,000	–	20,554	–	1.84%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$5,250,000	–	9,664	–	1.71%	–
CSCO	New	CISCO SYS INC	$4,956,000	–	116,209	–	1.62%	–
GPN	New	GLOBAL PMTS INC	$4,927,000	–	44,532	–	1.61%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,888,000	–	9,517	–	1.59%	–
JPM	New	JPMORGAN CHASE & CO	$4,881,000	–	43,343	–	1.59%	–
DHI	New	D R HORTON INC	$4,879,000	–	73,714	–	1.59%	–
HON	New	HONEYWELL INTL INC	$4,812,000	–	27,687	–	1.57%	–
NEE	New	NEXTERA ENERGY INC	$4,479,000	–	57,819	–	1.46%	–
BLK	New	BLACKROCK INC	$4,421,000	–	7,259	–	1.44%	–
AMAT	New	APPLIED MATLS INC	$4,365,000	–	47,984	–	1.42%	–
FDX	New	FEDEX CORP	$4,256,000	–	18,773	–	1.39%	–
SHW	New	SHERWIN WILLIAMS CO	$4,123,000	–	18,416	–	1.34%	–
ROP	New	ROPER TECHNOLOGIES INC	$4,019,000	–	10,184	–	1.31%	–
FB	New	META PLATFORMS INCcl a	$4,006,000	–	24,843	–	1.31%	–
NKE	New	NIKE INCcl b	$3,908,000	–	38,237	–	1.28%	–
CVS	New	CVS HEALTH CORP	$3,834,000	–	41,377	–	1.25%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,814,000	–	97,217	–	1.24%	–
ZTS	New	ZOETIS INCcl a	$3,810,000	–	22,161	–	1.24%	–
SPGI	New	S&P GLOBAL INC	$3,774,000	–	11,197	–	1.23%	–
ABT	New	ABBOTT LABS	$3,752,000	–	34,533	–	1.22%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$3,481,000	–	14,937	–	1.14%	–
AXP	New	AMERICAN EXPRESS CO	$3,466,000	–	25,007	–	1.13%	–
TEL	New	TE CONNECTIVITY LTD	$3,431,000	–	30,327	–	1.12%	–
DIS	New	DISNEY WALT CO	$3,165,000	–	33,532	–	1.03%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$3,137,000	–	54,015	–	1.02%	–
IJR	New	ISHARES TRcore s&p scp etf	$2,977,000	–	32,214	–	0.97%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$2,913,000	–	31,441	–	0.95%	–
MKSI	New	MKS INSTRS INC	$2,831,000	–	27,587	–	0.92%	–
IJH	New	ISHARES TRcore s&p mcp etf	$2,766,000	–	12,226	–	0.90%	–
MDLZ	New	MONDELEZ INTL INCcl a	$2,178,000	–	35,069	–	0.71%	–
SPAB	New	SPDR SER TRportfolio agrgte	$1,722,000	–	65,360	–	0.56%	–
EFX	New	EQUIFAX INC	$960,000	–	5,250	–	0.31%	–
NSC	New	NORFOLK SOUTHN CORP	$901,000	–	3,966	–	0.29%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$866,000	–	2,294	–	0.28%	–
MRK	New	MERCK & CO INC	$861,000	–	9,445	–	0.28%	–
UNP	New	UNION PAC CORP	$790,000	–	3,703	–	0.26%	–
XOM	New	EXXON MOBIL CORP	$788,000	–	9,196	–	0.26%	–
VZ	New	VERIZON COMMUNICATIONS INC	$761,000	–	14,993	–	0.25%	–
LLY	New	LILLY ELI & CO	$743,000	–	2,290	–	0.24%	–
PEP	New	PEPSICO INC	$695,000	–	4,173	–	0.23%	–
PG	New	PROCTER AND GAMBLE CO	$679,000	–	4,726	–	0.22%	–
PNC	New	PNC FINL SVCS GROUP INC	$667,000	–	4,225	–	0.22%	–
HSY	New	HERSHEY CO	$651,000	–	3,027	–	0.21%	–
PFE	New	PFIZER INC	$624,000	–	11,917	–	0.20%	–
LMT	New	LOCKHEED MARTIN CORP	$570,000	–	1,324	–	0.19%	–
WM	New	WASTE MGMT INC DEL	$561,000	–	3,665	–	0.18%	–
BND	New	VANGUARD BD INDEX FDStotal bnd mrkt	$535,000	–	7,112	–	0.18%	–
DOX	New	AMDOCS LTD	$521,000	–	6,248	–	0.17%	–
ABBV	New	ABBVIE INC	$521,000	–	3,401	–	0.17%	–
WSFS	New	WSFS FINL CORP	$477,000	–	11,886	–	0.16%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$479,000	–	9,586	–	0.16%	–
CVX	New	CHEVRON CORP NEW	$459,000	–	3,176	–	0.15%	–
PPG	New	PPG INDS INC	$404,000	–	3,526	–	0.13%	–
WMT	New	WALMART INC	$397,000	–	3,264	–	0.13%	–
KO	New	COCA COLA CO	$395,000	–	6,282	–	0.13%	–
PM	New	PHILIP MORRIS INTL INC	$384,000	–	3,890	–	0.12%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$359,000	–	1,969	–	0.12%	–
RGLD	New	ROYAL GOLD INC	$347,000	–	3,252	–	0.11%	–
MET	New	METLIFE INC	$335,000	–	5,342	–	0.11%	–
PFF	New	ISHARES TRpfd and incm sec	$323,000	–	9,814	–	0.10%	–
MCD	New	MCDONALDS CORP	$318,000	–	1,289	–	0.10%	–
EXC	New	EXELON CORP	$316,000	–	6,971	–	0.10%	–
ETR	New	ENTERGY CORP NEW	$314,000	–	2,792	–	0.10%	–
PPL	New	PPL CORP	$307,000	–	11,322	–	0.10%	–
APD	New	AIR PRODS & CHEMS INC	$307,000	–	1,277	–	0.10%	–
DE	New	DEERE & CO	$298,000	–	993	–	0.10%	–
DGX	New	QUEST DIAGNOSTICS INC	$297,000	–	2,231	–	0.10%	–
CME	New	CME GROUP INC	$282,000	–	1,379	–	0.09%	–
VEA	New	VANGUARD TAX-MANAGED INTL FDvan ftse dev mkt	$280,000	–	6,851	–	0.09%	–
MGK	New	VANGUARD WORLD FDmega grwth ind	$277,000	–	1,527	–	0.09%	–
ORLY	New	OREILLY AUTOMOTIVE INC	$271,000	–	429	–	0.09%	–
HAS	New	HASBRO INC	$259,000	–	3,162	–	0.08%	–
PWR	New	QUANTA SVCS INC	$257,000	–	2,050	–	0.08%	–
MGV	New	VANGUARD WORLD FDmega cap val etf	$256,000	–	2,658	–	0.08%	–
BNDX	New	VANGUARD CHARLOTTE FDStotal int bd etf	$255,000	–	5,157	–	0.08%	–
T	New	AT&T INC	$254,000	–	12,146	–	0.08%	–
BAC	New	BK OF AMERICA CORP	$248,000	–	7,953	–	0.08%	–
WTRG	New	ESSENTIAL UTILS INC	$237,000	–	5,179	–	0.08%	–
MO	New	ALTRIA GROUP INC	$223,000	–	5,330	–	0.07%	–
BP	New	BP PLCsponsored adr	$225,000	–	7,938	–	0.07%	–
FLO	New	FLOWERS FOODS INC	$217,000	–	8,230	–	0.07%	–
SO	New	SOUTHERN CO	$208,000	–	2,926	–	0.07%	–
CDW	New	CDW CORP	$205,000	–	1,300	–	0.07%	–
MS	New	MORGAN STANLEY	$203,000	–	2,663	–	0.07%	–
BA	New	BOEING CO	$200,000	–	1,466	–	0.06%	–

Q4 2021

			Value		Shares		↓ Weighting
MPW	Exit	MEDICAL PPTYS TRUST INC	$0	–	-10,957	–	-0.06%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-984	–	-0.06%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-3,744	–	-0.06%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-710	–	-0.06%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-1,105	–	-0.06%	–
GLW	Exit	CORNING INC	$0	–	-6,182	–	-0.06%	–
FLO	Exit	FLOWERS FOODS INC	$0	–	-9,675	–	-0.06%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-2,060	–	-0.06%	–
BP	Exit	BP PLCsponsored adr	$0	–	-8,644	–	-0.07%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-417	–	-0.07%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-1,872	–	-0.07%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,330	–	-0.07%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-2,399	–	-0.07%	–
FAST	Exit	FASTENAL CO	$0	–	-4,794	–	-0.07%	–
MS	Exit	MORGAN STANLEY	$0	–	-2,557	–	-0.07%	–
MGV	Exit	VANGUARD WORLD FDmega cap val etf	$0	–	-2,658	–	-0.07%	–
WTRG	Exit	ESSENTIAL UTILS INC	$0	–	-5,636	–	-0.07%	–
DE	Exit	DEERE & CO	$0	–	-828	–	-0.08%	–
CDW	Exit	CDW CORP	$0	–	-1,507	–	-0.08%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-2,362	–	-0.08%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-3,042	–	-0.08%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-1,479	–	-0.09%	–
RGLD	Exit	ROYAL GOLD INC	$0	–	-3,252	–	-0.09%	–
CME	Exit	CME GROUP INC	$0	–	-1,629	–	-0.09%	–
BA	Exit	BOEING CO	$0	–	-1,466	–	-0.09%	–
HAS	Exit	HASBRO INC	$0	–	-3,693	–	-0.09%	–
BNDX	Exit	VANGUARD CHARLOTTE FDStotal int bd etf	$0	–	-5,767	–	-0.09%	–
KO	Exit	COCA COLA CO	$0	–	-6,282	–	-0.09%	–
EXC	Exit	EXELON CORP	$0	–	-6,971	–	-0.09%	–
MGK	Exit	VANGUARD WORLD FDmega grwth ind	$0	–	-1,527	–	-0.10%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-3,576	–	-0.10%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,890	–	-0.10%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,558	–	-0.10%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-2,935	–	-0.11%	–
PAYX	Exit	PAYCHEX INC	$0	–	-3,378	–	-0.11%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-9,814	–	-0.11%	–
VEA	Exit	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$0	–	-7,654	–	-0.11%	–
MET	Exit	METLIFE INC	$0	–	-6,341	–	-0.11%	–
PPL	Exit	PPL CORP	$0	–	-14,476	–	-0.11%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-9,506	–	-0.11%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-2,934	–	-0.12%	–
HSY	Exit	HERSHEY CO	$0	–	-2,627	–	-0.12%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-2,453	–	-0.12%	–
T	Exit	AT&T INC	$0	–	-17,235	–	-0.13%	–
WMT	Exit	WALMART INC	$0	–	-3,559	–	-0.14%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-1,265	–	-0.14%	–
PPG	Exit	PPG INDS INC	$0	–	-3,526	–	-0.14%	–
CSCO	Exit	CISCO SYS INC	$0	–	-9,526	–	-0.14%	–
LLY	Exit	LILLY ELI & CO	$0	–	-2,290	–	-0.15%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-9,451	–	-0.16%	–
VEU	Exit	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$0	–	-9,150	–	-0.16%	–
BMTC	Exit	BRYN MAWR BK CORP	$0	–	-12,240	–	-0.16%	–
BLK	Exit	BLACKROCK INC	$0	–	-689	–	-0.16%	–
PFE	Exit	PFIZER INC	$0	–	-14,203	–	-0.17%	–
BND	Exit	VANGUARD BD INDEX FDStotal bnd mrkt	$0	–	-7,453	–	-0.18%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-4,338	–	-0.18%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,959	–	-0.19%	–
UNP	Exit	UNION PAC CORP	$0	–	-3,842	–	-0.21%	–
PEP	Exit	PEPSICO INC	$0	–	-5,003	–	-0.21%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-6,474	–	-0.25%	–
MRK	Exit	MERCK & CO INC	$0	–	-12,061	–	-0.25%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-4,649	–	-0.25%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-3,974	–	-0.27%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,306	–	-0.28%	–
EFX	Exit	EQUIFAX INC	$0	–	-5,250	–	-0.37%	–
MNST	Exit	MONSTER BEVERAGE CORP NEW	$0	–	-25,130	–	-0.62%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-9,026	–	-0.65%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-15,293	–	-0.90%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-12,437	–	-0.91%	–
FDX	Exit	FEDEX CORP	$0	–	-16,244	–	-1.00%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-32,682	–	-1.00%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-24,158	–	-1.11%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-73,920	–	-1.12%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-37,094	–	-1.19%	–
DIS	Exit	DISNEY WALT CO	$0	–	-25,537	–	-1.21%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-32,243	–	-1.24%	–
ABBV	Exit	ABBVIE INC	$0	–	-41,305	–	-1.24%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-59,054	–	-1.30%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-54,655	–	-1.30%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-16,586	–	-1.30%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-10,559	–	-1.32%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-85,177	–	-1.33%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-28,630	–	-1.34%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-25,175	–	-1.36%	–
GPN	Exit	GLOBAL PMTS INC	$0	–	-32,703	–	-1.44%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-12,155	–	-1.44%	–
NKE	Exit	NIKE INCcl b	$0	–	-36,500	–	-1.48%	–
AMGN	Exit	AMGEN INC	$0	–	-25,065	–	-1.49%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-25,713	–	-1.52%	–
ALL	Exit	ALLSTATE CORP	$0	–	-44,807	–	-1.59%	–
FISV	Exit	FISERV INC	$0	–	-52,629	–	-1.59%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-11,357	–	-1.81%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-41,259	–	-1.89%	–
V	Exit	VISA INC	$0	–	-30,969	–	-1.93%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-26,487	–	-1.96%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-2,632	–	-1.96%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-138,518	–	-2.02%	–
DOX	Exit	AMDOCS LTD	$0	–	-95,569	–	-2.02%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-21,328	–	-2.02%	–
ORLY	Exit	OREILLY AUTOMOTIVE INC	$0	–	-12,235	–	-2.09%	–
HD	Exit	HOME DEPOT INC	$0	–	-23,377	–	-2.14%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-19,303	–	-2.42%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,150	–	-2.89%	–
AAPL	Exit	APPLE INC	$0	–	-91,696	–	-3.62%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-81,765	–	-3.69%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-49,570	–	-3.90%	–
UVSP	Exit	UNIVEST FINANCIAL CORPORATIO	$0	–	-543,057	–	-4.15%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-63,610	–	-7.00%	–
VXUS	Exit	VANGUARD STAR FDSvg tl intl stk f	$0	–	-709,581	–	-12.53%	–

Q3 2021

			Value		Shares		↓ Weighting
VXUS	Buy	VANGUARD STAR FDSvg tl intl stk f	$44,888,000	-3.6%	709,581	+0.1%	12.53%	-2.0%
VOO	Sell	VANGUARD INDEX FDS	$25,088,000	+0.2%	63,610	-0.1%	7.00%	+1.9%
UVSP	Sell	UNIVEST FINANCIAL CORPORATIO	$14,875,000	-3.2%	543,057	-6.8%	4.15%	-1.5%
MSFT	Sell	MICROSOFT CORP	$13,974,000	+1.8%	49,570	-2.2%	3.90%	+3.6%
JNJ	Buy	JOHNSON & JOHNSON	$13,205,000	-1.7%	81,765	+0.3%	3.69%	0.0%
AAPL	Sell	APPLE INC	$12,975,000	+1.4%	91,696	-1.8%	3.62%	+3.2%
AMZN	Buy	AMAZON COM INC	$10,348,000	-4.1%	3,150	+0.4%	2.89%	-2.5%
COST	Sell	COSTCO WHSL CORP NEW	$8,674,000	+8.2%	19,303	-4.7%	2.42%	+10.1%
HD	Sell	HOME DEPOT INC	$7,674,000	+2.1%	23,377	-0.8%	2.14%	+3.8%
ORLY	Sell	OREILLY AUTOMOTIVE INC	$7,476,000	+6.0%	12,235	-1.8%	2.09%	+7.7%
FB	Sell	FACEBOOK INCcl a	$7,238,000	-5.3%	21,328	-3.0%	2.02%	-3.7%
DOX	Buy	AMDOCS LTD	$7,235,000	+1.1%	95,569	+3.3%	2.02%	+2.8%
XLE	Buy	SELECT SECTOR SPDR TRenergy	$7,216,000	-0.9%	138,518	+2.4%	2.02%	+0.8%
GOOGL	Sell	ALPHABET INCcap stk cl a	$7,036,000	+5.1%	2,632	-4.0%	1.96%	+6.9%
AMT	Sell	AMERICAN TOWER CORP NEW	$7,030,000	-4.9%	26,487	-3.2%	1.96%	-3.3%
V	Buy	VISA INC	$6,898,000	-3.7%	30,969	+1.1%	1.93%	-2.0%
JPM	Buy	JPMORGAN CHASE & CO	$6,754,000	+6.7%	41,259	+1.4%	1.89%	+8.5%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$6,489,000	+10.6%	11,357	-2.3%	1.81%	+12.5%
FISV	Buy	FISERV INC	$5,710,000	+6.5%	52,629	+4.9%	1.59%	+8.3%
ALL	Sell	ALLSTATE CORP	$5,704,000	-3.0%	44,807	-0.7%	1.59%	-1.4%
HON	Sell	HONEYWELL INTL INC	$5,459,000	-3.4%	25,713	-0.2%	1.52%	-1.7%
AMGN	Buy	AMGEN INC	$5,330,000	-8.7%	25,065	+4.7%	1.49%	-7.1%
NKE	Sell	NIKE INCcl b	$5,301,000	-6.7%	36,500	-0.7%	1.48%	-5.1%
SPGI	Sell	S&P GLOBAL INC	$5,164,000	+0.8%	12,155	-2.6%	1.44%	+2.6%
GPN	Buy	GLOBAL PMTS INC	$5,154,000	-8.2%	32,703	+9.2%	1.44%	-6.7%
ZTS	Sell	ZOETIS INCcl a	$4,888,000	+0.5%	25,175	-3.5%	1.36%	+2.2%
AXP	Sell	AMERICAN EXPRESS CO	$4,797,000	+0.8%	28,630	-0.5%	1.34%	+2.5%
CMCSA	Sell	COMCAST CORP NEWcl a	$4,764,000	-2.1%	85,177	-0.1%	1.33%	-0.4%
ROP	Sell	ROPER TECHNOLOGIES INC	$4,711,000	-6.5%	10,559	-1.4%	1.32%	-4.9%
SHW	Sell	SHERWIN WILLIAMS CO	$4,640,000	+0.2%	16,586	-2.4%	1.30%	+2.0%
CVS	Sell	CVS HEALTH CORP	$4,638,000	+1.2%	54,655	-0.5%	1.30%	+2.9%
NEE	Sell	NEXTERA ENERGY INC	$4,637,000	+5.7%	59,054	-1.4%	1.30%	+7.5%
ABBV	Buy	ABBVIE INC	$4,455,000	-2.7%	41,305	+1.6%	1.24%	-1.0%
TEL	Sell	TE CONNECTIVITY LTD	$4,424,000	-0.6%	32,243	-2.1%	1.24%	+1.1%
DIS	Buy	DISNEY WALT CO	$4,320,000	-0.2%	25,537	+3.7%	1.21%	+1.5%
ICE	Buy	INTERCONTINENTAL EXCHANGE IN	$4,259,000	-2.1%	37,094	+1.2%	1.19%	-0.4%
VZ	Buy	VERIZON COMMUNICATIONS INC	$3,993,000	+0.1%	73,920	+3.8%	1.12%	+1.8%
SWKS	Buy	SKYWORKS SOLUTIONS INC	$3,981,000	-12.3%	24,158	+2.0%	1.11%	-10.8%
IJR	Buy	ISHARES TRcore s&p scp etf	$3,569,000	-3.2%	32,682	+0.1%	1.00%	-1.5%
FDX	Buy	FEDEX CORP	$3,562,000	-23.7%	16,244	+3.8%	1.00%	-22.3%
IJH	Buy	ISHARES TRcore s&p mcp etf	$3,272,000	-1.9%	12,437	+0.2%	0.91%	-0.2%
STZ	Buy	CONSTELLATION BRANDS INCcl a	$3,222,000	-6.4%	15,293	+3.9%	0.90%	-4.8%
APD	Buy	AIR PRODS & CHEMS INC	$2,312,000	-9.0%	9,026	+2.1%	0.65%	-7.4%
MNST	Buy	MONSTER BEVERAGE CORP NEW	$2,232,000	-1.9%	25,130	+0.9%	0.62%	-0.3%
NSC	Buy	NORFOLK SOUTHN CORP	$951,000	-9.7%	3,974	+0.2%	0.27%	-8.0%
PNC	Sell	PNC FINL SVCS GROUP INC	$910,000	0.0%	4,649	-2.5%	0.25%	+1.6%
PG	Sell	PROCTER AND GAMBLE CO	$905,000	-2.6%	6,474	-6.0%	0.25%	-0.8%
MRK	Sell	MERCK & CO INC	$906,000	-4.6%	12,061	-1.3%	0.25%	-3.1%
PEP	Sell	PEPSICO INC	$752,000	-4.0%	5,003	-5.3%	0.21%	-2.3%
UNP	Sell	UNION PAC CORP	$753,000	-11.0%	3,842	-0.1%	0.21%	-9.5%
LMT	Sell	LOCKHEED MARTIN CORP	$676,000	-16.7%	1,959	-8.8%	0.19%	-15.2%
WM	Sell	WASTE MGMT INC DEL	$648,000	-0.5%	4,338	-6.6%	0.18%	+1.1%
BND	Buy	VANGUARD BD INDEX FDStotal bnd mrkt	$636,000	-0.3%	7,453	+0.4%	0.18%	+1.7%
PFE	Sell	PFIZER INC	$611,000	+1.2%	14,203	-7.9%	0.17%	+3.0%
BLK	Sell	BLACKROCK INC	$578,000	-8.0%	689	-4.0%	0.16%	-6.4%
XOM	Buy	EXXON MOBIL CORP	$555,000	-5.9%	9,451	+1.1%	0.16%	-4.3%
CSCO	Sell	CISCO SYS INC	$518,000	-3.4%	9,526	-5.8%	0.14%	-1.4%
WMT	Buy	WALMART INC	$496,000	+15.9%	3,559	+17.1%	0.14%	+16.9%
UNH	Buy	UNITEDHEALTH GROUP INC	$494,000	-2.2%	1,265	+0.3%	0.14%	-0.7%
T	Buy	AT&T INC	$466,000	+30.2%	17,235	+38.5%	0.13%	+32.7%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$447,000	-16.6%	2,453	-4.8%	0.12%	-15.0%
DGX	Sell	QUEST DIAGNOSTICS INC	$426,000	+0.5%	2,934	-8.8%	0.12%	+2.6%
BAC	Sell	BK OF AMERICA CORP	$403,000	+2.0%	9,506	-0.7%	0.11%	+4.6%
PPL	Sell	PPL CORP	$403,000	-5.6%	14,476	-5.2%	0.11%	-3.4%
MET	Sell	METLIFE INC	$392,000	-1.0%	6,341	-4.1%	0.11%	0.0%
VEA	Buy	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$387,000	-1.0%	7,654	+0.9%	0.11%	+0.9%
PAYX	Sell	PAYCHEX INC	$380,000	-5.0%	3,378	-9.2%	0.11%	-3.6%
AMAT	Sell	APPLIED MATLS INC	$378,000	-15.1%	2,935	-6.1%	0.11%	-13.1%
MCD	Sell	MCDONALDS CORP	$375,000	+1.9%	1,558	-2.3%	0.10%	+4.0%
MGK	Sell	VANGUARD WORLD FDmega grwth ind	$359,000	-6.3%	1,527	-7.8%	0.10%	-4.8%
HAS	Sell	HASBRO INC	$329,000	-13.6%	3,693	-8.5%	0.09%	-12.4%
BA	Sell	BOEING CO	$322,000	-13.9%	1,466	-6.3%	0.09%	-12.6%
CME	Sell	CME GROUP INC	$315,000	-15.1%	1,629	-6.6%	0.09%	-13.7%
AVY	Sell	AVERY DENNISON CORP	$307,000	-17.9%	1,479	-16.8%	0.09%	-16.5%
ETR	Sell	ENTERGY CORP NEW	$302,000	-8.2%	3,042	-7.7%	0.08%	-6.7%
FIS	Buy	FIDELITY NATL INFORMATION SV	$287,000	-14.1%	2,362	+0.3%	0.08%	-13.0%
CDW	Buy	CDW CORP	$274,000	+5.4%	1,507	+1.1%	0.08%	+8.5%
MGV	Sell	VANGUARD WORLD FDmega cap val etf	$260,000	-9.7%	2,658	-7.9%	0.07%	-7.6%
MS	Buy	MORGAN STANLEY	$249,000	+8.3%	2,557	+2.0%	0.07%	+11.1%
FAST	Sell	FASTENAL CO	$247,000	-8.5%	4,794	-7.7%	0.07%	-6.8%
VNQ	New	VANGUARD INDEX FDSreal estate etf	$244,000	–	2,399	–	0.07%	–
LRCX	Buy	LAM RESEARCH CORP	$237,000	-11.2%	417	+1.7%	0.07%	-9.6%
MDT	Sell	MEDTRONIC PLC	$235,000	-27.0%	1,872	-27.7%	0.07%	-25.0%
PWR	New	QUANTA SVCS INC	$234,000	–	2,060	–	0.06%	–
FLO	New	FLOWERS FOODS INC	$229,000	–	9,675	–	0.06%	–
WHR	Buy	WHIRLPOOL CORP	$225,000	-3.4%	1,105	+3.2%	0.06%	-1.6%
GLW	Sell	CORNING INC	$226,000	-16.9%	6,182	-6.9%	0.06%	-16.0%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$222,000	-10.1%	3,744	+0.9%	0.06%	-8.8%
MPW	New	MEDICAL PPTYS TRUST INC	$220,000	–	10,957	–	0.06%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-748	–	-0.06%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-1,106	–	-0.07%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-19,577	–	-0.07%	–
SYY	Exit	SYSCO CORP	$0	–	-5,311	–	-0.11%	–

Q2 2021

			Value		Shares		↓ Weighting
VXUS	New	VANGUARD STAR FDSvg tl intl stk f	$46,574,000	–	709,116	–	12.79%	–
VOO	New	VANGUARD INDEX FDS	$25,044,000	–	63,642	–	6.88%	–
UVSP	New	UNIVEST FINANCIAL CORPORATIO	$15,362,000	–	582,543	–	4.22%	–
MSFT	New	MICROSOFT CORP	$13,725,000	–	50,666	–	3.77%	–
JNJ	New	JOHNSON & JOHNSON	$13,430,000	–	81,521	–	3.69%	–
AAPL	New	APPLE INC	$12,792,000	–	93,399	–	3.51%	–
AMZN	New	AMAZON COM INC	$10,795,000	–	3,138	–	2.96%	–
COST	New	COSTCO WHSL CORP NEW	$8,014,000	–	20,254	–	2.20%	–
FB	New	FACEBOOK INCcl a	$7,645,000	–	21,988	–	2.10%	–
HD	New	HOME DEPOT INC	$7,518,000	–	23,575	–	2.06%	–
AMT	New	AMERICAN TOWER CORP NEW	$7,392,000	–	27,362	–	2.03%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$7,285,000	–	135,239	–	2.00%	–
V	New	VISA INC	$7,161,000	–	30,625	–	1.97%	–
DOX	New	AMDOCS LTD	$7,159,000	–	92,540	–	1.96%	–
ORLY	New	OREILLY AUTOMOTIVE INC	$7,055,000	–	12,461	–	1.94%	–
GOOGL	New	ALPHABET INCcap stk cl a	$6,695,000	–	2,742	–	1.84%	–
JPM	New	JPMORGAN CHASE & CO	$6,330,000	–	40,697	–	1.74%	–
ALL	New	ALLSTATE CORP	$5,883,000	–	45,105	–	1.62%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$5,865,000	–	11,626	–	1.61%	–
AMGN	New	AMGEN INC	$5,837,000	–	23,949	–	1.60%	–
NKE	New	NIKE INCcl b	$5,681,000	–	36,773	–	1.56%	–
HON	New	HONEYWELL INTL INC	$5,650,000	–	25,762	–	1.55%	–
GPN	New	GLOBAL PMTS INC	$5,616,000	–	29,941	–	1.54%	–
FISV	New	FISERV INC	$5,362,000	–	50,155	–	1.47%	–
SPGI	New	S&P GLOBAL INC	$5,123,000	–	12,482	–	1.41%	–
ROP	New	ROPER TECHNOLOGIES INC	$5,037,000	–	10,713	–	1.38%	–
CMCSA	New	COMCAST CORP NEWcl a	$4,864,000	–	85,292	–	1.34%	–
ZTS	New	ZOETIS INCcl a	$4,863,000	–	26,095	–	1.34%	–
AXP	New	AMERICAN EXPRESS CO	$4,757,000	–	28,788	–	1.31%	–
FDX	New	FEDEX CORP	$4,667,000	–	15,643	–	1.28%	–
SHW	New	SHERWIN WILLIAMS CO	$4,629,000	–	16,989	–	1.27%	–
CVS	New	CVS HEALTH CORP	$4,581,000	–	54,906	–	1.26%	–
ABBV	New	ABBVIE INC	$4,578,000	–	40,643	–	1.26%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$4,541,000	–	23,682	–	1.25%	–
TEL	New	TE CONNECTIVITY LTD	$4,451,000	–	32,923	–	1.22%	–
NEE	New	NEXTERA ENERGY INC	$4,388,000	–	59,881	–	1.20%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$4,350,000	–	36,645	–	1.19%	–
DIS	New	DISNEY WALT CO	$4,328,000	–	24,622	–	1.19%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,990,000	–	71,223	–	1.10%	–
IJR	New	ISHARES TRcore s&p scp etf	$3,688,000	–	32,650	–	1.01%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$3,441,000	–	14,713	–	0.94%	–
IJH	New	ISHARES TRcore s&p mcp etf	$3,337,000	–	12,418	–	0.92%	–
APD	New	AIR PRODS & CHEMS INC	$2,542,000	–	8,838	–	0.70%	–
MNST	New	MONSTER BEVERAGE CORP NEW	$2,275,000	–	24,905	–	0.62%	–
EFX	New	EQUIFAX INC	$1,257,000	–	5,250	–	0.34%	–
NSC	New	NORFOLK SOUTHN CORP	$1,053,000	–	3,966	–	0.29%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$987,000	–	2,306	–	0.27%	–
MRK	New	MERCK & CO INC	$950,000	–	12,216	–	0.26%	–
PG	New	PROCTER AND GAMBLE CO	$929,000	–	6,887	–	0.26%	–
PNC	New	PNC FINL SVCS GROUP INC	$910,000	–	4,769	–	0.25%	–
UNP	New	UNION PAC CORP	$846,000	–	3,844	–	0.23%	–
LMT	New	LOCKHEED MARTIN CORP	$812,000	–	2,147	–	0.22%	–
PEP	New	PEPSICO INC	$783,000	–	5,285	–	0.22%	–
WM	New	WASTE MGMT INC DEL	$651,000	–	4,644	–	0.18%	–
BND	New	VANGUARD BD INDEX FDStotal bnd mrkt	$638,000	–	7,422	–	0.18%	–
BLK	New	BLACKROCK INC	$628,000	–	718	–	0.17%	–
PFE	New	PFIZER INC	$604,000	–	15,422	–	0.17%	–
PPG	New	PPG INDS INC	$599,000	–	3,526	–	0.16%	–
XOM	New	EXXON MOBIL CORP	$590,000	–	9,351	–	0.16%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$580,000	–	9,150	–	0.16%	–
CSCO	New	CISCO SYS INC	$536,000	–	10,111	–	0.15%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$536,000	–	2,576	–	0.15%	–
LLY	New	LILLY ELI & CO	$526,000	–	2,290	–	0.14%	–
BMTC	New	BRYN MAWR BK CORP	$516,000	–	12,240	–	0.14%	–
UNH	New	UNITEDHEALTH GROUP INC	$505,000	–	1,261	–	0.14%	–
HSY	New	HERSHEY CO	$458,000	–	2,627	–	0.13%	–
AMAT	New	APPLIED MATLS INC	$445,000	–	3,125	–	0.12%	–
WMT	New	WALMART INC	$428,000	–	3,039	–	0.12%	–
PPL	New	PPL CORP	$427,000	–	15,276	–	0.12%	–
DGX	New	QUEST DIAGNOSTICS INC	$424,000	–	3,216	–	0.12%	–
SYY	New	SYSCO CORP	$413,000	–	5,311	–	0.11%	–
PAYX	New	PAYCHEX INC	$400,000	–	3,722	–	0.11%	–
MET	New	METLIFE INC	$396,000	–	6,609	–	0.11%	–
BAC	New	BK OF AMERICA CORP	$395,000	–	9,569	–	0.11%	–
VEA	New	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$391,000	–	7,588	–	0.11%	–
PFF	New	ISHARES TRpfd and incm sec	$386,000	–	9,814	–	0.11%	–
PM	New	PHILIP MORRIS INTL INC	$385,000	–	3,890	–	0.11%	–
MGK	New	VANGUARD WORLD FDmega grwth ind	$383,000	–	1,657	–	0.10%	–
HAS	New	HASBRO INC	$381,000	–	4,036	–	0.10%	–
BA	New	BOEING CO	$374,000	–	1,564	–	0.10%	–
AVY	New	AVERY DENNISON CORP	$374,000	–	1,777	–	0.10%	–
CVX	New	CHEVRON CORP NEW	$374,000	–	3,576	–	0.10%	–
RGLD	New	ROYAL GOLD INC	$371,000	–	3,252	–	0.10%	–
CME	New	CME GROUP INC	$371,000	–	1,744	–	0.10%	–
MCD	New	MCDONALDS CORP	$368,000	–	1,594	–	0.10%	–
T	New	AT&T INC	$358,000	–	12,448	–	0.10%	–
KO	New	COCA COLA CO	$340,000	–	6,282	–	0.09%	–
FIS	New	FIDELITY NATL INFORMATION SV	$334,000	–	2,356	–	0.09%	–
BNDX	New	VANGUARD CHARLOTTE FDSintl bd idx etf	$329,000	–	5,767	–	0.09%	–
ETR	New	ENTERGY CORP NEW	$329,000	–	3,296	–	0.09%	–
MDT	New	MEDTRONIC PLC	$322,000	–	2,591	–	0.09%	–
EXC	New	EXELON CORP	$308,000	–	6,971	–	0.08%	–
DE	New	DEERE & CO	$292,000	–	828	–	0.08%	–
MGV	New	VANGUARD WORLD FDmega cap val etf	$288,000	–	2,886	–	0.08%	–
GLW	New	CORNING INC	$272,000	–	6,639	–	0.08%	–
FAST	New	FASTENAL CO	$270,000	–	5,195	–	0.07%	–
LRCX	New	LAM RESEARCH CORP	$267,000	–	410	–	0.07%	–
GE	New	GENERAL ELECTRIC CO	$263,000	–	19,577	–	0.07%	–
WTRG	New	ESSENTIAL UTILS INC	$258,000	–	5,636	–	0.07%	–
CDW	New	CDW CORP	$260,000	–	1,491	–	0.07%	–
MO	New	ALTRIA GROUP INC	$254,000	–	5,330	–	0.07%	–
ITW	New	ILLINOIS TOOL WKS INC	$247,000	–	1,106	–	0.07%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$247,000	–	3,709	–	0.07%	–
WHR	New	WHIRLPOOL CORP	$233,000	–	1,071	–	0.06%	–
MS	New	MORGAN STANLEY	$230,000	–	2,507	–	0.06%	–
BP	New	BP PLCsponsored adr	$229,000	–	8,644	–	0.06%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$219,000	–	984	–	0.06%	–
ROK	New	ROCKWELL AUTOMATION INC	$214,000	–	748	–	0.06%	–
ACN	New	ACCENTURE PLC IRELAND	$209,000	–	710	–	0.06%	–

Q4 2020

			Value		Shares		↓ Weighting
GE	Exit	GENERAL ELECTRIC CO	$0	–	-20,252	–	-0.04%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-2,573	–	-0.06%	–
INTC	Exit	INTEL CORP	$0	–	-4,065	–	-0.07%	–
LLY	Exit	LILLY ELI & CO	$0	–	-1,490	–	-0.07%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,718	–	-0.07%	–
MGV	Exit	VANGUARD WORLD FDmega cap val etf	$0	–	-2,886	–	-0.07%	–
WTRG	Exit	ESSENTIAL UTILS INC	$0	–	-5,636	–	-0.07%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-4,028	–	-0.08%	–
EXC	Exit	EXELON CORP	$0	–	-6,971	–	-0.08%	–
CME	Exit	CME GROUP INC	$0	–	-1,527	–	-0.08%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-2,457	–	-0.08%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-3,576	–	-0.08%	–
BA	Exit	BOEING CO	$0	–	-1,564	–	-0.08%	–
VEA	Exit	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$0	–	-6,799	–	-0.09%	–
GLW	Exit	CORNING INC	$0	–	-8,629	–	-0.09%	–
T	Exit	AT&T INC	$0	–	-9,995	–	-0.09%	–
FAST	Exit	FASTENAL CO	$0	–	-6,587	–	-0.09%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-4,015	–	-0.10%	–
BMTC	Exit	BRYN MAWR BK CORP	$0	–	-12,240	–	-0.10%	–
MGK	Exit	VANGUARD WORLD FDmega grwth ind	$0	–	-1,657	–	-0.10%	–
KO	Exit	COCA COLA CO	$0	–	-6,282	–	-0.10%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-1,029	–	-0.10%	–
BNDX	Exit	VANGUARD CHARLOTTE FDSintl bd idx etf	$0	–	-5,767	–	-0.11%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-10,089	–	-0.11%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-2,371	–	-0.11%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-9,814	–	-0.11%	–
HSY	Exit	HERSHEY CO	$0	–	-2,627	–	-0.12%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,736	–	-0.12%	–
D	Exit	DOMINION ENERGY INC	$0	–	-4,910	–	-0.12%	–
MET	Exit	METLIFE INC	$0	–	-10,430	–	-0.12%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-3,473	–	-0.13%	–
PAYX	Exit	PAYCHEX INC	$0	–	-5,109	–	-0.13%	–
HAS	Exit	HASBRO INC	$0	–	-4,959	–	-0.13%	–
SO	Exit	SOUTHERN CO	$0	–	-7,849	–	-0.14%	–
SYY	Exit	SYSCO CORP	$0	–	-6,891	–	-0.14%	–
WMT	Exit	WALMART INC	$0	–	-3,247	–	-0.14%	–
PPG	Exit	PPG INDS INC	$0	–	-3,748	–	-0.14%	–
VEU	Exit	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$0	–	-9,150	–	-0.15%	–
CSCO	Exit	CISCO SYS INC	$0	–	-13,203	–	-0.16%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-3,646	–	-0.19%	–
PFE	Exit	PFIZER INC	$0	–	-16,714	–	-0.19%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-5,512	–	-0.20%	–
BND	Exit	VANGUARD BD INDEX FDStotal bnd mrkt	$0	–	-7,919	–	-0.22%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,107	–	-0.22%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,930	–	-0.23%	–
PPL	Exit	PPL CORP	$0	–	-27,703	–	-0.24%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-5,455	–	-0.24%	–
UNP	Exit	UNION PAC CORP	$0	–	-3,996	–	-0.25%	–
PEP	Exit	PEPSICO INC	$0	–	-5,985	–	-0.26%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-3,966	–	-0.27%	–
MRK	Exit	MERCK & CO. INC	$0	–	-10,626	–	-0.28%	–
EFX	Exit	EQUIFAX INC	$0	–	-6,250	–	-0.31%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-10,221	–	-0.45%	–
MNST	Exit	MONSTER BEVERAGE CORP NEW	$0	–	-28,845	–	-0.73%	–
PCAR	Exit	PACCAR INC	$0	–	-30,115	–	-0.81%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-22,477	–	-0.84%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-41,064	–	-0.91%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-15,625	–	-0.92%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-29,362	–	-1.02%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-12,172	–	-1.07%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-17,846	–	-1.07%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-58,084	–	-1.07%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-4,882	–	-1.08%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-14,759	–	-1.13%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-149,104	–	-1.14%	–
ALL	Exit	ALLSTATE CORP	$0	–	-38,237	–	-1.14%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-36,252	–	-1.15%	–
ABBV	Exit	ABBVIE INC	$0	–	-41,532	–	-1.15%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-12,630	–	-1.19%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-22,879	–	-1.19%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-16,351	–	-1.20%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-66,350	–	-1.25%	–
FDX	Exit	FEDEX CORP	$0	–	-15,828	–	-1.26%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-40,030	–	-1.27%	–
IQV	Exit	IQVIA HLDGS INC	$0	–	-25,932	–	-1.29%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-43,041	–	-1.31%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-13,253	–	-1.49%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-157,710	–	-1.50%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,506	–	-1.50%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-106,269	–	-1.56%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-33,409	–	-1.56%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-3,372	–	-1.56%	–
DIS	Exit	DISNEY WALT CO	$0	–	-42,336	–	-1.66%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-37,870	–	-1.67%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-20,474	–	-1.70%	–
GPN	Exit	GLOBAL PMTS INC	$0	–	-31,353	–	-1.76%	–
NKE	Exit	NIKE INCcl b	$0	–	-46,816	–	-1.86%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-13,487	–	-1.88%	–
AMGN	Exit	AMGEN INC	$0	–	-23,898	–	-1.92%	–
V	Exit	VISA INC	$0	–	-30,444	–	-1.93%	–
ORLY	Exit	OREILLY AUTOMOTIVE INC	$0	–	-13,591	–	-1.98%	–
DOX	Exit	AMDOCS LTD	$0	–	-109,730	–	-1.99%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-43,915	–	-2.02%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-66,686	–	-2.06%	–
HD	Exit	HOME DEPOT INC	$0	–	-24,951	–	-2.19%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-39,825	–	-2.65%	–
UVSP	Exit	UNIVEST FINANCIAL CORPORATIO	$0	–	-596,797	–	-2.71%	–
AAPL	Exit	APPLE INC	$0	–	-95,489	–	-3.50%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-83,108	–	-3.92%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-71,818	–	-6.99%	–
VXUS	Exit	VANGUARD STAR FDSvg tl intl stk f	$0	–	-829,322	–	-13.69%	–

Q3 2020

			Value		Shares		↓ Weighting
VXUS	Sell	VANGUARD STAR FDSvg tl intl stk f	$43,266,000	+2.2%	829,322	-3.6%	13.69%	-1.9%
VOO	Sell	VANGUARD INDEX FDS	$22,095,000	+8.5%	71,818	-0.0%	6.99%	+4.1%
JNJ	Sell	JOHNSON & JOHNSON	$12,373,000	+4.9%	83,108	-0.9%	3.92%	+0.6%
AAPL	Buy	APPLE INC	$11,058,000	+20.9%	95,489	+280.8%	3.50%	+15.9%
UVSP	Buy	UNIVEST FINANCIAL CORPORATIO	$8,576,000	-10.8%	596,797	+0.2%	2.71%	-14.5%
MSFT	Sell	MICROSOFT CORP	$8,376,000	+1.1%	39,825	-2.2%	2.65%	-3.1%
HD	Sell	HOME DEPOT INC	$6,929,000	+7.1%	24,951	-3.4%	2.19%	+2.8%
TEL	Sell	TE CONNECTIVITY LTD	$6,518,000	+14.9%	66,686	-4.2%	2.06%	+10.1%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$6,390,000	+10.4%	43,915	-3.0%	2.02%	+5.9%
DOX	Buy	AMDOCS LTD	$6,300,000	-2.7%	109,730	+3.2%	1.99%	-6.6%
ORLY	Sell	OREILLY AUTOMOTIVE INC	$6,267,000	+5.2%	13,591	-3.8%	1.98%	+0.9%
V	Buy	VISA INC	$6,088,000	+4.3%	30,444	+0.8%	1.93%	+0.1%
AMGN	Sell	AMGEN INC	$6,074,000	+3.7%	23,898	-3.7%	1.92%	-0.5%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$5,955,000	+15.7%	13,487	-5.1%	1.88%	+11.0%
NKE	Sell	NIKE INCcl b	$5,878,000	+22.6%	46,816	-4.3%	1.86%	+17.6%
GPN	Sell	GLOBAL PMTS INC	$5,567,000	+2.8%	31,353	-1.8%	1.76%	-1.5%
FB	Sell	FACEBOOK INCcl a	$5,362,000	+10.6%	20,474	-4.1%	1.70%	+6.1%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$5,282,000	-10.7%	37,870	-4.6%	1.67%	-14.3%
DIS	Sell	DISNEY WALT CO	$5,253,000	+7.2%	42,336	-3.7%	1.66%	+2.8%
GOOGL	Sell	ALPHABET INCcap stk cl a	$4,942,000	-0.0%	3,372	-3.3%	1.56%	-4.2%
KMB	Sell	KIMBERLY CLARK CORP	$4,933,000	+1.2%	33,409	-3.1%	1.56%	-2.9%
CMCSA	Sell	COMCAST CORP NEWcl a	$4,916,000	+13.5%	106,269	-4.3%	1.56%	+8.9%
AMZN	Sell	AMAZON COM INC	$4,742,000	+8.4%	1,506	-5.0%	1.50%	+4.0%
XLE	Sell	SELECT SECTOR SPDR TRenergy	$4,724,000	-24.8%	157,710	-5.0%	1.50%	-27.9%
COST	Sell	COSTCO WHSL CORP NEW	$4,705,000	+12.7%	13,253	-3.8%	1.49%	+8.1%
JPM	Sell	JPMORGAN CHASE & CO	$4,144,000	+1.0%	43,041	-1.4%	1.31%	-3.1%
IQV	Sell	IQVIA HLDGS INC	$4,088,000	+6.9%	25,932	-3.7%	1.29%	+2.5%
ICE	Sell	INTERCONTINENTAL EXCHANGE IN	$4,005,000	+5.8%	40,030	-3.2%	1.27%	+1.5%
FDX	Sell	FEDEX CORP	$3,981,000	+67.9%	15,828	-6.4%	1.26%	+61.1%
VZ	Sell	VERIZON COMMUNICATIONS INC	$3,947,000	+2.0%	66,350	-5.4%	1.25%	-2.1%
BDX	Sell	BECTON DICKINSON & CO	$3,805,000	-5.1%	16,351	-2.4%	1.20%	-9.0%
HON	Sell	HONEYWELL INTL INC	$3,766,000	+11.4%	22,879	-2.2%	1.19%	+6.8%
APD	Sell	AIR PRODS & CHEMS INC	$3,762,000	+15.8%	12,630	-6.1%	1.19%	+11.1%
ABBV	Sell	ABBVIE INC	$3,637,000	-12.6%	41,532	-2.0%	1.15%	-16.2%
AXP	Sell	AMERICAN EXPRESS CO	$3,635,000	+4.1%	36,252	-1.1%	1.15%	-0.2%
ALL	Sell	ALLSTATE CORP	$3,599,000	-4.5%	38,237	-1.5%	1.14%	-8.4%
BAC	Sell	BK OF AMERICA CORP	$3,592,000	-0.2%	149,104	-1.6%	1.14%	-4.2%
AMT	Sell	AMERICAN TOWER CORP NEW	$3,568,000	-8.2%	14,759	-1.8%	1.13%	-11.9%
SHW	Sell	SHERWIN WILLIAMS CO	$3,401,000	+14.8%	4,882	-4.8%	1.08%	+10.1%
CVS	Sell	CVS HEALTH CORP	$3,392,000	-10.9%	58,084	-0.8%	1.07%	-14.5%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$3,382,000	+3.5%	17,846	-4.5%	1.07%	-0.7%
NEE	Sell	NEXTERA ENERGY INC	$3,379,000	+10.9%	12,172	-4.0%	1.07%	+6.4%
PNC	Sell	PNC FINL SVCS GROUP INC	$3,227,000	+3.2%	29,362	-1.2%	1.02%	-1.1%
IJH	Sell	ISHARES TRcore s&p mcp etf	$2,896,000	+4.0%	15,625	-0.2%	0.92%	-0.2%
IJR	Sell	ISHARES TRcore s&p scp etf	$2,884,000	+2.8%	41,064	-0.1%	0.91%	-1.4%
SRE	Sell	SEMPRA ENERGY	$2,660,000	-0.7%	22,477	-1.6%	0.84%	-4.8%
PCAR	Sell	PACCAR INC	$2,568,000	+10.5%	30,115	-3.0%	0.81%	+6.0%
MNST	Sell	MONSTER BEVERAGE CORP NEW	$2,314,000	+11.2%	28,845	-3.9%	0.73%	+6.6%
GD	Sell	GENERAL DYNAMICS CORP	$1,414,000	-10.1%	10,221	-2.9%	0.45%	-13.7%
MRK	Sell	MERCK & CO. INC	$881,000	+6.4%	10,626	-0.7%	0.28%	+2.2%
PEP	Buy	PEPSICO INC	$830,000	+5.5%	5,985	+0.6%	0.26%	+1.2%
UNP	Sell	UNION PAC CORP	$787,000	+14.9%	3,996	-1.5%	0.25%	+10.2%
PG	Sell	PROCTER AND GAMBLE CO	$758,000	+7.2%	5,455	-7.7%	0.24%	+3.0%
PPL	Sell	PPL CORP	$754,000	-0.5%	27,703	-5.5%	0.24%	-4.4%
LMT	Buy	LOCKHEED MARTIN CORP	$740,000	+5.7%	1,930	+0.7%	0.23%	+1.3%
BND	Buy	VANGUARD BD INDEX FDStotal bnd mrkt	$698,000	+1.5%	7,919	+1.7%	0.22%	-2.6%
WM	Buy	WASTE MGMT INC DEL	$624,000	+29.7%	5,512	+21.2%	0.20%	+23.9%
PFE	Buy	PFIZER INC	$613,000	+13.3%	16,714	+1.1%	0.19%	+8.4%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$608,000	+1.0%	3,646	-32.7%	0.19%	-3.5%
CSCO	Buy	CISCO SYS INC	$520,000	-11.0%	13,203	+5.4%	0.16%	-14.5%
WMT	Sell	WALMART INC	$454,000	+6.8%	3,247	-8.6%	0.14%	+2.9%
SYY	Sell	SYSCO CORP	$429,000	+10.0%	6,891	-3.4%	0.14%	+5.4%
SO	Buy	SOUTHERN CO	$425,000	+13.3%	7,849	+8.6%	0.14%	+8.9%
HAS	Sell	HASBRO INC	$410,000	+8.2%	4,959	-2.0%	0.13%	+4.0%
PAYX	Sell	PAYCHEX INC	$408,000	+2.8%	5,109	-2.4%	0.13%	-1.5%
DGX	New	QUEST DIAGNOSTICS INC	$398,000	–	3,473	–	0.13%	–
MET	Sell	METLIFE INC	$388,000	+0.8%	10,430	-1.1%	0.12%	-3.1%
D	Buy	DOMINION ENERGY INC	$388,000	+3.5%	4,910	+6.4%	0.12%	-0.8%
MCD	Sell	MCDONALDS CORP	$381,000	+12.1%	1,736	-6.0%	0.12%	+8.0%
HSY	Sell	HERSHEY CO	$377,000	-31.2%	2,627	-37.9%	0.12%	-34.3%
XOM	Sell	EXXON MOBIL CORP	$347,000	-28.5%	10,089	-6.9%	0.11%	-31.2%
BNDX	Sell	VANGUARD CHARLOTTE FDSintl bd idx etf	$335,000	-2.3%	5,767	-3.1%	0.11%	-6.2%
FAST	Sell	FASTENAL CO	$297,000	-35.7%	6,587	-38.9%	0.09%	-38.2%
T	Sell	AT&T INC	$285,000	-10.4%	9,995	-5.0%	0.09%	-14.3%
GLW	Sell	CORNING INC	$280,000	-5.1%	8,629	-24.1%	0.09%	-8.2%
VEA	Buy	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$278,000	+7.3%	6,799	+1.6%	0.09%	+3.5%
BA	Sell	BOEING CO	$258,000	-18.6%	1,564	-9.5%	0.08%	-21.9%
CME	Buy	CME GROUP INC	$255,000	+19.2%	1,527	+15.8%	0.08%	+14.1%
MDT	Sell	MEDTRONIC PLC	$255,000	+9.9%	2,457	-2.7%	0.08%	+5.2%
AMAT	New	APPLIED MATLS INC	$239,000	–	4,028	–	0.08%	–
INTC	Sell	INTEL CORP	$210,000	-64.6%	4,065	-59.0%	0.07%	-66.3%
VNQ	New	VANGUARD INDEX FDSreal estate etf	$203,000	–	2,573	–	0.06%	–

Q2 2020

			Value		Shares		↓ Weighting
VXUS	New	VANGUARD STAR FDSvg tl intl stk f	$42,318,000	–	860,648	–	13.96%	–
VOO	New	VANGUARD INDEX FDS	$20,365,000	–	71,852	–	6.72%	–
JNJ	New	JOHNSON & JOHNSON	$11,797,000	–	83,885	–	3.89%	–
UVSP	New	UNIVEST FINANCIAL CORPORATIO	$9,615,000	–	595,737	–	3.17%	–
AAPL	New	APPLE INC	$9,148,000	–	25,075	–	3.02%	–
MSFT	New	MICROSOFT CORP	$8,288,000	–	40,724	–	2.74%	–
DOX	New	AMDOCS LTD	$6,473,000	–	106,314	–	2.14%	–
HD	New	HOME DEPOT INC	$6,468,000	–	25,821	–	2.13%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$6,281,000	–	165,945	–	2.07%	–
ORLY	New	OREILLY AUTOMOTIVE INC	$5,956,000	–	14,126	–	1.96%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$5,912,000	–	39,706	–	1.95%	–
AMGN	New	AMGEN INC	$5,855,000	–	24,823	–	1.93%	–
V	New	VISA INC	$5,835,000	–	30,206	–	1.93%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$5,787,000	–	45,261	–	1.91%	–
TEL	New	TE CONNECTIVITY LTD	$5,675,000	–	69,591	–	1.87%	–
GPN	New	GLOBAL PMTS INC	$5,417,000	–	31,932	–	1.79%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$5,147,000	–	14,205	–	1.70%	–
GOOGL	New	ALPHABET INCcap stk cl a	$4,944,000	–	3,487	–	1.63%	–
DIS	New	DISNEY WALT CO	$4,902,000	–	43,957	–	1.62%	–
KMB	New	KIMBERLY CLARK CORP	$4,874,000	–	34,482	–	1.61%	–
FB	New	FACEBOOK INCcl a	$4,849,000	–	21,355	–	1.60%	–
NKE	New	NIKE INCcl b	$4,795,000	–	48,908	–	1.58%	–
AMZN	New	AMAZON COM INC	$4,373,000	–	1,585	–	1.44%	–
CMCSA	New	COMCAST CORP NEWcl a	$4,330,000	–	111,087	–	1.43%	–
COST	New	COSTCO WHSL CORP NEW	$4,175,000	–	13,772	–	1.38%	–
ABBV	New	ABBVIE INC	$4,160,000	–	42,370	–	1.37%	–
JPM	New	JPMORGAN CHASE & CO	$4,104,000	–	43,635	–	1.35%	–
BDX	New	BECTON DICKINSON & CO	$4,008,000	–	16,751	–	1.32%	–
AMT	New	AMERICAN TOWER CORP NEW	$3,886,000	–	15,029	–	1.28%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,868,000	–	70,172	–	1.28%	–
IQV	New	IQVIA HLDGS INC	$3,823,000	–	26,940	–	1.26%	–
CVS	New	CVS HEALTH CORP	$3,805,000	–	58,568	–	1.26%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$3,786,000	–	41,332	–	1.25%	–
ALL	New	ALLSTATE CORP	$3,767,000	–	38,838	–	1.24%	–
BAC	New	BK OF AMERICA CORP	$3,598,000	–	151,472	–	1.19%	–
AXP	New	AMERICAN EXPRESS CO	$3,491,000	–	36,666	–	1.15%	–
HON	New	HONEYWELL INTL INC	$3,382,000	–	23,391	–	1.12%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$3,268,000	–	18,681	–	1.08%	–
APD	New	AIR PRODS & CHEMS INC	$3,248,000	–	13,451	–	1.07%	–
PNC	New	PNC FINL SVCS GROUP INC	$3,127,000	–	29,723	–	1.03%	–
NEE	New	NEXTERA ENERGY INC	$3,046,000	–	12,684	–	1.00%	–
SHW	New	SHERWIN WILLIAMS CO	$2,962,000	–	5,127	–	0.98%	–
IJR	New	ISHARES TRcore s&p scp etf	$2,806,000	–	41,087	–	0.93%	–
IJH	New	ISHARES TRcore s&p mcp etf	$2,785,000	–	15,662	–	0.92%	–
SRE	New	SEMPRA ENERGY	$2,678,000	–	22,837	–	0.88%	–
FDX	New	FEDEX CORP	$2,371,000	–	16,909	–	0.78%	–
PCAR	New	PACCAR INC	$2,323,000	–	31,031	–	0.77%	–
MNST	New	MONSTER BEVERAGE CORP NEW	$2,081,000	–	30,015	–	0.69%	–
GD	New	GENERAL DYNAMICS CORP	$1,573,000	–	10,521	–	0.52%	–
EFX	New	EQUIFAX INC	$1,074,000	–	6,250	–	0.35%	–
MRK	New	MERCK & CO. INC	$828,000	–	10,704	–	0.27%	–
PEP	New	PEPSICO INC	$787,000	–	5,947	–	0.26%	–
PPL	New	PPL CORP	$758,000	–	29,303	–	0.25%	–
PG	New	PROCTER AND GAMBLE CO	$707,000	–	5,910	–	0.23%	–
LMT	New	LOCKHEED MARTIN CORP	$700,000	–	1,916	–	0.23%	–
NSC	New	NORFOLK SOUTHERN CORP	$696,000	–	3,966	–	0.23%	–
BND	New	VANGUARD BD INDEX FDStotal bnd mrkt	$688,000	–	7,789	–	0.23%	–
UNP	New	UNION PAC CORP	$685,000	–	4,056	–	0.23%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$650,000	–	2,107	–	0.21%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$602,000	–	5,419	–	0.20%	–
INTC	New	INTEL CORP	$593,000	–	9,905	–	0.20%	–
CSCO	New	CISCO SYS INC	$584,000	–	12,522	–	0.19%	–
HSY	New	HERSHEY CO	$548,000	–	4,227	–	0.18%	–
PFE	New	PFIZER INC	$541,000	–	16,539	–	0.18%	–
XOM	New	EXXON MOBIL CORP	$485,000	–	10,839	–	0.16%	–
WM	New	WASTE MGMT INC DEL	$481,000	–	4,546	–	0.16%	–
FAST	New	FASTENAL CO	$462,000	–	10,784	–	0.15%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$436,000	–	9,150	–	0.14%	–
WMT	New	WALMART INC	$425,000	–	3,552	–	0.14%	–
PAYX	New	PAYCHEX INC	$397,000	–	5,237	–	0.13%	–
PPG	New	PPG INDS INC	$398,000	–	3,748	–	0.13%	–
SYY	New	SYSCO CORP	$390,000	–	7,132	–	0.13%	–
MET	New	METLIFE INC	$385,000	–	10,546	–	0.13%	–
HAS	New	HASBRO INC	$379,000	–	5,061	–	0.12%	–
D	New	DOMINION ENERGY INC	$375,000	–	4,614	–	0.12%	–
SO	New	SOUTHERN CO	$375,000	–	7,230	–	0.12%	–
BNDX	New	VANGUARD CHARLOTTE FDSintl bd idx etf	$343,000	–	5,950	–	0.11%	–
MCD	New	MCDONALDS CORP	$340,000	–	1,847	–	0.11%	–
BMTC	New	BRYN MAWR BK CORP	$339,000	–	12,240	–	0.11%	–
PFF	New	ISHARES TRpfd and incm sec	$340,000	–	9,814	–	0.11%	–
BA	New	BOEING CO	$317,000	–	1,729	–	0.10%	–
FIS	New	FIDELITY NATL INFORMATION SV	$318,000	–	2,371	–	0.10%	–
T	New	AT&T INC	$318,000	–	10,525	–	0.10%	–
CVX	New	CHEVRON CORP NEW	$319,000	–	3,576	–	0.10%	–
UNH	New	UNITEDHEALTH GROUP INC	$303,000	–	1,029	–	0.10%	–
GLW	New	CORNING INC	$295,000	–	11,372	–	0.10%	–
PM	New	PHILIP MORRIS INTL INC	$281,000	–	4,015	–	0.09%	–
KO	New	COCA COLA CO	$281,000	–	6,282	–	0.09%	–
MGK	New	VANGUARD WORLD FDmega grwth ind	$271,000	–	1,657	–	0.09%	–
VEA	New	VANGUARD TAX-MANAGED FDSftse dev mkt etf	$259,000	–	6,690	–	0.08%	–
EXC	New	EXELON CORP	$253,000	–	6,971	–	0.08%	–
LLY	New	LILLY ELI & CO	$245,000	–	1,490	–	0.08%	–
WTRG	New	ESSENTIAL UTILS INC	$238,000	–	5,636	–	0.08%	–
MDT	New	MEDTRONIC PLC	$232,000	–	2,525	–	0.08%	–
MO	New	ALTRIA GROUP INC	$225,000	–	5,718	–	0.07%	–
CME	New	CME GROUP INC	$214,000	–	1,319	–	0.07%	–
MGV	New	VANGUARD WORLD FDmega cap val etf	$211,000	–	2,886	–	0.07%	–
GE	New	GENERAL ELECTRIC CO	$138,000	–	20,252	–	0.05%	–

Q4 2019

			Value		Shares		↓ Weighting
ACHN	Exit	ACHILLION PHARMACEUTICALS IN	$0	–	-16,980	–	-0.02%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-20,452	–	-0.06%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-1,972	–	-0.06%	–
PFE	Exit	PFIZER INC	$0	–	-5,947	–	-0.07%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GRP IN	$0	–	-3,522	–	-0.07%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-2,527	–	-0.08%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,988	–	-0.08%	–
KSS	Exit	KOHLS CORP	$0	–	-5,027	–	-0.08%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-5,636	–	-0.08%	–
GLW	Exit	CORNING INC	$0	–	-8,928	–	-0.08%	–
PAYX	Exit	PAYCHEX INC	$0	–	-3,238	–	-0.09%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-3,221	–	-0.09%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,389	–	-0.09%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-7,310	–	-0.10%	–
PEP	Exit	PEPSICO INC	$0	–	-2,189	–	-0.10%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-2,282	–	-0.10%	–
FAST	Exit	FASTENAL CO	$0	–	-9,410	–	-0.10%	–
BP	Exit	BP PLCsponsored adr	$0	–	-8,102	–	-0.10%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-4,123	–	-0.10%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,479	–	-0.10%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-1,477	–	-0.11%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-2,728	–	-0.11%	–
BNDX	Exit	VANGUARD CHARLOTTE FDSintl bd idx etf	$0	–	-5,950	–	-0.11%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-2,728	–	-0.12%	–
PSX	Exit	PHILLIPS 66	$0	–	-3,699	–	-0.12%	–
EXC	Exit	EXELON CORP	$0	–	-7,971	–	-0.12%	–
CSCO	Exit	CISCO SYS INC	$0	–	-8,074	–	-0.13%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-10,814	–	-0.13%	–
IVZ	Exit	INVESCO LTD	$0	–	-24,099	–	-0.13%	–
T	Exit	AT&T INC	$0	–	-10,942	–	-0.13%	–
D	Exit	DOMINION ENERGY INC	$0	–	-5,111	–	-0.13%	–
INTC	Exit	INTEL CORP	$0	–	-8,402	–	-0.14%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-4,376	–	-0.14%	–
PPG	Exit	PPG INDS INC	$0	–	-3,720	–	-0.14%	–
BMTC	Exit	BRYN MAWR BK CORP	$0	–	-12,240	–	-0.14%	–
VEU	Exit	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$0	–	-9,150	–	-0.15%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-3,705	–	-0.15%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,308	–	-0.16%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-12,414	–	-0.16%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-5,909	–	-0.17%	–
MET	Exit	METLIFE INC	$0	–	-11,356	–	-0.17%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,803	–	-0.17%	–
SO	Exit	SOUTHERN CO	$0	–	-9,185	–	-0.18%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-3,800	–	-0.20%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-7,868	–	-0.21%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-5,587	–	-0.21%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-3,966	–	-0.23%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-10,261	–	-0.23%	–
BBT	Exit	BB&T CORP	$0	–	-13,655	–	-0.23%	–
HSY	Exit	HERSHEY CO	$0	–	-4,702	–	-0.23%	–
BA	Exit	BOEING CO	$0	–	-2,077	–	-0.25%	–
KO	Exit	COCA COLA CO	$0	–	-15,253	–	-0.27%	–
ETN	Exit	EATON CORP PLC	$0	–	-11,648	–	-0.31%	–
PPL	Exit	PPL CORP	$0	–	-31,097	–	-0.31%	–
EFX	Exit	EQUIFAX INC	$0	–	-7,250	–	-0.33%	–
MRK	Exit	MERCK & CO INC	$0	–	-12,428	–	-0.34%	–
MNST	Exit	MONSTER BEVERAGE CORP NEW	$0	–	-28,899	–	-0.54%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-49,735	–	-0.54%	–
EOG	Exit	EOG RES INC	$0	–	-23,587	–	-0.56%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-41,577	–	-0.59%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-37,095	–	-0.68%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-67,911	–	-0.69%	–
FDX	Exit	FEDEX CORP	$0	–	-15,158	–	-0.71%	–
DXC	Exit	DXC TECHNOLOGY CO	$0	–	-79,945	–	-0.76%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-33,825	–	-0.84%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-13,633	–	-0.84%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-14,722	–	-0.86%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-4,928	–	-0.87%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-13,165	–	-0.94%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-22,667	–	-0.99%	–
PCAR	Exit	PACCAR INC	$0	–	-46,211	–	-1.04%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-20,877	–	-1.13%	–
ABBV	Exit	ABBVIE INC	$0	–	-47,218	–	-1.15%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-43,878	–	-1.16%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-17,552	–	-1.17%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-66,120	–	-1.28%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-64,068	–	-1.30%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-16,689	–	-1.35%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-3,478	–	-1.36%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-29,975	–	-1.36%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-24,063	–	-1.37%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-71,374	–	-1.38%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-53,171	–	-1.38%	–
BAC	Exit	BANK AMER CORP	$0	–	-148,648	–	-1.39%	–
VFC	Exit	V F CORP	$0	–	-49,755	–	-1.42%	–
DIS	Exit	DISNEY WALT CO	$0	–	-35,605	–	-1.49%	–
AMGN	Exit	AMGEN INC	$0	–	-24,015	–	-1.49%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-28,837	–	-1.49%	–
ALL	Exit	ALLSTATE CORP	$0	–	-43,343	–	-1.51%	–
AVGO	Exit	BROADCOM INC	$0	–	-17,339	–	-1.54%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-106,324	–	-1.54%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-51,734	–	-1.55%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-16,832	–	-1.56%	–
NKE	Exit	NIKE INCcl b	$0	–	-53,271	–	-1.60%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-43,946	–	-1.61%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-54,710	–	-1.62%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-17,690	–	-1.65%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-37,906	–	-1.70%	–
GPN	Exit	GLOBAL PMTS INC	$0	–	-33,988	–	-1.73%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-47,367	–	-1.79%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-2,893	–	-1.82%	–
V	Exit	VISA INC	$0	–	-33,218	–	-1.83%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-88,382	–	-1.84%	–
HD	Exit	HOME DEPOT INC	$0	–	-27,072	–	-2.01%	–
AAPL	Exit	APPLE INC	$0	–	-32,365	–	-2.32%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-85,609	–	-3.55%	–
UVSP	Exit	UNIVEST FINANCIAL CORPORATIO	$0	–	-591,968	–	-4.84%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-82,165	–	-7.18%	–
VXUS	Exit	VANGUARD STAR FDvg tl intl stk f	$0	–	-775,400	–	-12.84%	–

Q3 2019

			Value		Shares		↓ Weighting
VXUS	Sell	VANGUARD STAR FDvg tl intl stk f	$40,057,000	-2.7%	775,400	-0.7%	12.84%	-1.4%
VOO	Buy	VANGUARD INDEX FDS	$22,398,000	+1.4%	82,165	+0.2%	7.18%	+2.8%
UVSP	Buy	UNIVEST FINANCIAL CORPORATIO	$15,101,000	-2.4%	591,968	+0.5%	4.84%	-1.1%
JNJ	Sell	JOHNSON & JOHNSON	$11,076,000	-7.4%	85,609	-0.4%	3.55%	-6.2%
AAPL	Sell	APPLE INC	$7,249,000	+12.3%	32,365	-0.7%	2.32%	+13.8%
HD	Sell	HOME DEPOT INC	$6,281,000	+10.4%	27,072	-1.0%	2.01%	+11.9%
XLU	Buy	SELECT SECTOR SPDR TRsbi int-utils	$5,722,000	+8.7%	88,382	+0.2%	1.84%	+10.2%
V	Sell	VISA INC	$5,714,000	-1.4%	33,218	-0.6%	1.83%	-0.2%
BKNG	Buy	BOOKING HLDGS INC	$5,678,000	+5.0%	2,893	+0.3%	1.82%	+6.4%
JPM	Sell	JPMORGAN CHASE & CO	$5,575,000	+4.9%	47,367	-0.4%	1.79%	+6.3%
GPN	Sell	GLOBAL PMTS INC	$5,404,000	-1.7%	33,988	-1.1%	1.73%	-0.5%
PNC	Buy	PNC FINL SVCS GROUP INC	$5,313,000	+2.7%	37,906	+0.6%	1.70%	+4.1%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$5,153,000	-0.9%	17,690	-0.1%	1.65%	+0.4%
ICE	Sell	INTERCONTINENTAL EXCHANGE IN	$5,048,000	+6.5%	54,710	-0.8%	1.62%	+7.9%
TROW	Sell	PRICE T ROWE GROUP INC	$5,021,000	+4.0%	43,946	-0.1%	1.61%	+5.4%
NKE	Buy	NIKE INCcl b	$5,003,000	+12.8%	53,271	+0.9%	1.60%	+14.3%
COST	Sell	COSTCO WHSL CORP NEW	$4,849,000	+7.9%	16,832	-1.1%	1.56%	+9.3%
TEL	Buy	TE CONNECTIVITY LTD	$4,821,000	-2.6%	51,734	+0.1%	1.55%	-1.3%
CMCSA	Buy	COMCAST CORP NEWcl a	$4,793,000	+12.9%	106,324	+5.9%	1.54%	+14.4%
AVGO	Sell	BROADCOM INC	$4,787,000	-4.5%	17,339	-0.4%	1.54%	-3.2%
ALL	Sell	ALLSTATE CORP	$4,711,000	+6.8%	43,343	-0.1%	1.51%	+8.2%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$4,655,000	-2.1%	28,837	+0.3%	1.49%	-0.7%
AMGN	Sell	AMGEN INC	$4,647,000	+3.5%	24,015	-1.4%	1.49%	+4.9%
DIS	Sell	DISNEY WALT CO	$4,640,000	-7.5%	35,605	-0.9%	1.49%	-6.2%
VFC	Buy	V F CORP	$4,428,000	+3.2%	49,755	+1.3%	1.42%	+4.6%
BAC	Buy	BANK AMER CORP	$4,336,000	+0.8%	148,648	+0.3%	1.39%	+2.1%
DFS	Sell	DISCOVER FINL SVCS	$4,312,000	+4.2%	53,171	-0.3%	1.38%	+5.7%
CTSH	Buy	COGNIZANT TECHNOLOGY SOLUTIOcl a	$4,301,000	-3.0%	71,374	+2.1%	1.38%	-1.7%
FB	Sell	FACEBOOK INCcl a	$4,285,000	-7.9%	24,063	-0.1%	1.37%	-6.7%
KMB	Sell	KIMBERLY CLARK CORP	$4,258,000	+5.0%	29,975	-1.5%	1.36%	+6.3%
GOOGL	Buy	ALPHABET INCcap stk cl a	$4,247,000	+13.6%	3,478	+0.7%	1.36%	+15.0%
BDX	Buy	BECTON DICKINSON & CO	$4,222,000	+0.8%	16,689	+0.4%	1.35%	+2.1%
CVS	Buy	CVS HEALTH CORP	$4,041,000	+16.7%	64,068	+0.8%	1.30%	+18.2%
VZ	Buy	VERIZON COMMUNICATIONS INC	$3,991,000	+6.5%	66,120	+0.8%	1.28%	+7.9%
STZ	Buy	CONSTELLATION BRANDS INCcl a	$3,638,000	+5.4%	17,552	+0.2%	1.17%	+6.9%
ABC	Buy	AMERISOURCEBERGEN CORP	$3,612,000	-3.1%	43,878	+0.4%	1.16%	-1.8%
ABBV	Buy	ABBVIE INC	$3,575,000	+5.1%	47,218	+0.9%	1.15%	+6.4%
HON	Buy	HONEYWELL INTL INC	$3,532,000	-2.4%	20,877	+0.8%	1.13%	-1.0%
PCAR	Buy	PACCAR INC	$3,235,000	-1.2%	46,211	+1.2%	1.04%	+0.1%
UTX	Buy	UNITED TECHNOLOGIES CORP	$3,094,000	+5.5%	22,667	+0.6%	0.99%	+6.8%
APD	Sell	AIR PRODS & CHEMS INC	$2,921,000	-5.5%	13,165	-3.5%	0.94%	-4.2%
SHW	Sell	SHERWIN WILLIAMS CO	$2,710,000	+18.5%	4,928	-1.2%	0.87%	+20.2%
GD	Buy	GENERAL DYNAMICS CORP	$2,690,000	+0.6%	14,722	+0.1%	0.86%	+2.0%
IJH	Buy	ISHARES TRcore s&p mcp etf	$2,634,000	-0.4%	13,633	+0.2%	0.84%	+1.0%
IJR	Buy	ISHARES TRcore s&p scp etf	$2,633,000	-0.3%	33,825	+0.3%	0.84%	+1.0%
DXC	Buy	DXC TECHNOLOGY CO	$2,358,000	-40.3%	79,945	+11.6%	0.76%	-39.5%
FDX	Buy	FEDEX CORP	$2,207,000	-8.8%	15,158	+2.8%	0.71%	-7.6%
SU	Buy	SUNCOR ENERGY INC NEW	$2,145,000	+4.0%	67,911	+2.6%	0.69%	+5.4%
COP	Buy	CONOCOPHILLIPS	$2,114,000	-3.2%	37,095	+3.6%	0.68%	-1.9%
OXY	Buy	OCCIDENTAL PETE CORP	$1,849,000	-7.4%	41,577	+4.7%	0.59%	-6.2%
EOG	Buy	EOG RES INC	$1,751,000	-16.9%	23,587	+4.3%	0.56%	-15.9%
SLB	Buy	SCHLUMBERGER LTD	$1,699,000	-10.8%	49,735	+3.8%	0.54%	-9.6%
MNST	Buy	MONSTER BEVERAGE CORP NEW	$1,678,000	-7.6%	28,899	+1.6%	0.54%	-6.4%
MRK	Sell	MERCK & CO INC	$1,046,000	-9.7%	12,428	-10.0%	0.34%	-8.5%
PPL	Sell	PPL CORP	$979,000	-25.2%	31,097	-26.3%	0.31%	-24.2%
ETN	Sell	EATON CORP PLC	$969,000	-16.8%	11,648	-16.7%	0.31%	-15.7%
KO	Sell	COCA COLA CO	$830,000	-4.7%	15,253	-10.8%	0.27%	-3.6%
BA	Buy	BOEING CO	$790,000	+14.5%	2,077	+9.6%	0.25%	+16.1%
HSY	Buy	HERSHEY CO	$729,000	+136.7%	4,702	+104.4%	0.23%	+141.2%
BBT	Sell	BB&T CORP	$729,000	+7.4%	13,655	-1.2%	0.23%	+8.8%
CVX	Sell	CHEVRON CORP NEW	$663,000	-13.6%	5,587	-9.3%	0.21%	-12.3%
BND	Sell	VANGUARD BD INDEX FD INCtotal bnd mrkt	$664,000	+1.1%	7,868	-0.5%	0.21%	+2.4%
SO	Sell	SOUTHERN CO	$567,000	-0.4%	9,185	-10.7%	0.18%	+1.1%
MET	Sell	METLIFE INC	$536,000	-12.3%	11,356	-7.6%	0.17%	-10.9%
PRU	Buy	PRUDENTIAL FINL INC	$532,000	-4.3%	5,909	+7.4%	0.17%	-2.8%
LMT	Sell	LOCKHEED MARTIN CORP	$510,000	-28.1%	1,308	-32.9%	0.16%	-26.8%
ADM	Buy	ARCHER DANIELS MIDLAND CO	$510,000	+8.5%	12,414	+7.7%	0.16%	+10.1%
PG	Sell	PROCTER & GAMBLE CO	$461,000	-31.1%	3,705	-39.3%	0.15%	-30.2%
GPC	Sell	GENUINE PARTS CO	$436,000	-5.0%	4,376	-1.4%	0.14%	-3.4%
INTC	Sell	INTEL CORP	$433,000	-0.9%	8,402	-7.9%	0.14%	+0.7%
T	Sell	AT&T INC	$414,000	-44.1%	10,942	-50.4%	0.13%	-43.2%
D	Buy	DOMINION ENERGY INC	$414,000	+13.1%	5,111	+8.1%	0.13%	+14.7%
IVZ	Buy	INVESCO LTD	$408,000	-13.7%	24,099	+4.3%	0.13%	-12.7%
CSCO	Sell	CISCO SYS INC	$399,000	-22.7%	8,074	-14.4%	0.13%	-21.5%
PSX	Sell	PHILLIPS 66	$379,000	-7.1%	3,699	-15.1%	0.12%	-5.4%
BNDX	Buy	VANGUARD CHARLOTTE FDSintl bd idx etf	$350,000	+14.4%	5,950	+11.4%	0.11%	+15.5%
CAT	Sell	CATERPILLAR INC DEL	$345,000	-26.8%	2,728	-21.0%	0.11%	-25.5%
NEE	New	NEXTERA ENERGY INC	$344,000	–	1,477	–	0.11%	–
MCD	Sell	MCDONALDS CORP	$318,000	-24.1%	1,479	-26.7%	0.10%	-23.3%
PM	Buy	PHILIP MORRIS INTL INC	$313,000	-0.6%	4,123	+2.7%	0.10%	0.0%
FAST	Sell	FASTENAL CO	$307,000	-32.8%	9,410	-32.9%	0.10%	-32.4%
VEA	Buy	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$300,000	-1.0%	7,310	+0.7%	0.10%	0.0%
PEP	Buy	PEPSICO INC	$300,000	+5.6%	2,189	+1.0%	0.10%	+6.7%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$289,000	-15.0%	1,389	-13.0%	0.09%	-13.9%
LYB	Sell	LYONDELLBASELL INDUSTRIES N	$288,000	-6.2%	3,221	-9.7%	0.09%	-5.2%
PAYX	Sell	PAYCHEX INC	$268,000	-23.4%	3,238	-24.0%	0.09%	-22.5%
GLW	New	CORNING INC	$255,000	–	8,928	–	0.08%	–
KSS	Sell	KOHLS CORP	$250,000	-7.4%	5,027	-11.4%	0.08%	-5.9%
VNQ	Buy	VANGUARD INDEX FDSreal estate etf	$236,000	+7.3%	2,527	+0.3%	0.08%	+8.6%
DVY	New	ISHARES TRselect divid etf	$201,000	–	1,972	–	0.06%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,667	–	-0.12%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-20,369	–	-1.22%	–

Q2 2019

			Value		Shares		↓ Weighting
VXUS	New	VANGUARD STAR FDvg tl intl stk f	$41,170,000	–	780,474	–	13.03%	–
VOO	New	VANGUARD INDEX FDS	$22,079,000	–	82,033	–	6.99%	–
UVSP	New	UNIVEST FINANCIAL CORPORATIO	$15,473,000	–	589,226	–	4.90%	–
JNJ	New	JOHNSON & JOHNSON	$11,966,000	–	85,910	–	3.79%	–
AAPL	New	APPLE INC	$6,453,000	–	32,604	–	2.04%	–
V	New	VISA INC	$5,797,000	–	33,403	–	1.84%	–
HD	New	HOME DEPOT INC	$5,689,000	–	27,354	–	1.80%	–
GPN	New	GLOBAL PMTS INC	$5,500,000	–	34,349	–	1.74%	–
BKNG	New	BOOKING HLDGS INC	$5,407,000	–	2,884	–	1.71%	–
JPM	New	JPMORGAN CHASE & CO	$5,315,000	–	47,544	–	1.68%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$5,262,000	–	88,247	–	1.66%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$5,198,000	–	17,699	–	1.64%	–
PNC	New	PNC FINL SVCS GROUP INC	$5,174,000	–	37,692	–	1.64%	–
DIS	New	DISNEY WALT CO	$5,015,000	–	35,914	–	1.59%	–
AVGO	New	BROADCOM INC	$5,010,000	–	17,405	–	1.59%	–
TEL	New	TE CONNECTIVITY LTD	$4,952,000	–	51,701	–	1.57%	–
TROW	New	PRICE T ROWE GROUP INC	$4,826,000	–	43,993	–	1.53%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$4,753,000	–	28,750	–	1.50%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$4,739,000	–	55,148	–	1.50%	–
FB	New	FACEBOOK INCcl a	$4,651,000	–	24,098	–	1.47%	–
COST	New	COSTCO WHSL CORP NEW	$4,495,000	–	17,011	–	1.42%	–
AMGN	New	AMGEN INC	$4,490,000	–	24,366	–	1.42%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$4,433,000	–	69,931	–	1.40%	–
NKE	New	NIKE INCcl b	$4,434,000	–	52,815	–	1.40%	–
ALL	New	ALLSTATE CORP	$4,412,000	–	43,384	–	1.40%	–
BAC	New	BANK AMER CORP	$4,300,000	–	148,262	–	1.36%	–
VFC	New	V F CORP	$4,291,000	–	49,127	–	1.36%	–
CMCSA	New	COMCAST CORP NEWcl a	$4,246,000	–	100,432	–	1.34%	–
BDX	New	BECTON DICKINSON & CO	$4,190,000	–	16,626	–	1.33%	–
DFS	New	DISCOVER FINL SVCS	$4,137,000	–	53,323	–	1.31%	–
KMB	New	KIMBERLY CLARK CORP	$4,057,000	–	30,438	–	1.28%	–
DXC	New	DXC TECHNOLOGY CO	$3,949,000	–	71,607	–	1.25%	–
HRS	New	HARRIS CORP DEL	$3,852,000	–	20,369	–	1.22%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,746,000	–	65,563	–	1.19%	–
GOOGL	New	ALPHABET INCcap stk cl a	$3,740,000	–	3,454	–	1.18%	–
ABC	New	AMERISOURCEBERGEN CORP	$3,726,000	–	43,705	–	1.18%	–
HON	New	HONEYWELL INTL INC	$3,617,000	–	20,715	–	1.14%	–
CVS	New	CVS HEALTH CORP	$3,464,000	–	63,564	–	1.10%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$3,451,000	–	17,521	–	1.09%	–
ABBV	New	ABBVIE INC	$3,402,000	–	46,789	–	1.08%	–
PCAR	New	PACCAR INC	$3,273,000	–	45,672	–	1.04%	–
APD	New	AIR PRODS & CHEMS INC	$3,090,000	–	13,649	–	0.98%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,934,000	–	22,532	–	0.93%	–
GD	New	GENERAL DYNAMICS CORP	$2,674,000	–	14,706	–	0.85%	–
IJH	New	ISHARES TRcore s&p mcp etf	$2,644,000	–	13,612	–	0.84%	–
IJR	New	ISHARES TRcore s&p scp etf	$2,641,000	–	33,737	–	0.84%	–
FDX	New	FEDEX CORP	$2,420,000	–	14,741	–	0.77%	–
SHW	New	SHERWIN WILLIAMS CO	$2,286,000	–	4,989	–	0.72%	–
COP	New	CONOCOPHILLIPS	$2,185,000	–	35,820	–	0.69%	–
EOG	New	EOG RES INC	$2,107,000	–	22,616	–	0.67%	–
SU	New	SUNCOR ENERGY INC NEW	$2,063,000	–	66,219	–	0.65%	–
OXY	New	OCCIDENTAL PETE CORP	$1,997,000	–	39,727	–	0.63%	–
SLB	New	SCHLUMBERGER LTD	$1,904,000	–	47,903	–	0.60%	–
MNST	New	MONSTER BEVERAGE CORP NEW	$1,816,000	–	28,453	–	0.58%	–
PPL	New	PPL CORP	$1,308,000	–	42,177	–	0.41%	–
ETN	New	EATON CORP PLC	$1,165,000	–	13,988	–	0.37%	–
MRK	New	MERCK & CO INC	$1,158,000	–	13,807	–	0.37%	–
EFX	New	EQUIFAX INC	$980,000	–	7,250	–	0.31%	–
KO	New	COCA COLA CO	$871,000	–	17,109	–	0.28%	–
NSC	New	NORFOLK SOUTHERN CORP	$791,000	–	3,966	–	0.25%	–
XOM	New	EXXON MOBIL CORP	$786,000	–	10,261	–	0.25%	–
CVX	New	CHEVRON CORP NEW	$767,000	–	6,162	–	0.24%	–
T	New	AT&T INC	$740,000	–	22,070	–	0.23%	–
LMT	New	LOCKHEED MARTIN CORP	$709,000	–	1,950	–	0.22%	–
BA	New	BOEING CO	$690,000	–	1,895	–	0.22%	–
BBT	New	BB&T CORP	$679,000	–	13,814	–	0.22%	–
PG	New	PROCTER AND GAMBLE CO	$669,000	–	6,101	–	0.21%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$657,000	–	7,906	–	0.21%	–
UNP	New	UNION PACIFIC CORP	$643,000	–	3,800	–	0.20%	–
MET	New	METLIFE INC	$611,000	–	12,296	–	0.19%	–
SO	New	SOUTHERN CO	$569,000	–	10,284	–	0.18%	–
PRU	New	PRUDENTIAL FINL INC	$556,000	–	5,501	–	0.18%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$528,000	–	1,803	–	0.17%	–
CSCO	New	CISCO SYS INC	$516,000	–	9,429	–	0.16%	–
IVZ	New	INVESCO LTD	$473,000	–	23,097	–	0.15%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$470,000	–	11,531	–	0.15%	–
CAT	New	CATERPILLAR INC DEL	$471,000	–	3,454	–	0.15%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$467,000	–	9,150	–	0.15%	–
FAST	New	FASTENAL CO	$457,000	–	14,018	–	0.14%	–
BMTC	New	BRYN MAWR BK CORP	$457,000	–	12,240	–	0.14%	–
GPC	New	GENUINE PARTS CO	$459,000	–	4,436	–	0.14%	–
INTC	New	INTEL CORP	$437,000	–	9,119	–	0.14%	–
PPG	New	PPG INDS INC	$434,000	–	3,720	–	0.14%	–
MCD	New	MCDONALDS CORP	$419,000	–	2,017	–	0.13%	–
PSX	New	PHILLIPS 66	$408,000	–	4,358	–	0.13%	–
PFF	New	ISHARES TRpfd and incm sec	$398,000	–	10,814	–	0.13%	–
EXC	New	EXELON CORP	$382,000	–	7,971	–	0.12%	–
MSFT	New	MICROSOFT CORP	$365,000	–	2,728	–	0.12%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$368,000	–	2,667	–	0.12%	–
D	New	DOMINION ENERGY INC	$366,000	–	4,730	–	0.12%	–
PAYX	New	PAYCHEX INC	$350,000	–	4,259	–	0.11%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$340,000	–	1,597	–	0.11%	–
BP	New	BP PLCsponsored adr	$338,000	–	8,102	–	0.11%	–
PM	New	PHILIP MORRIS INTL INC	$315,000	–	4,015	–	0.10%	–
BNDX	New	VANGUARD CHARLOTTE FDSintl bd idx etf	$306,000	–	5,340	–	0.10%	–
HSY	New	HERSHEY CO	$308,000	–	2,300	–	0.10%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$307,000	–	3,568	–	0.10%	–
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$303,000	–	7,257	–	0.10%	–
PEP	New	PEPSICO INC	$284,000	–	2,168	–	0.09%	–
MO	New	ALTRIA GROUP INC	$284,000	–	5,988	–	0.09%	–
FIS	New	FIDELITY NATL INFORMATION SV	$280,000	–	2,282	–	0.09%	–
KSS	New	KOHLS CORP	$270,000	–	5,671	–	0.08%	–
PFE	New	PFIZER INC	$258,000	–	5,947	–	0.08%	–
WTR	New	AQUA AMERICA INC	$233,000	–	5,636	–	0.07%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$220,000	–	2,519	–	0.07%	–
GE	New	GENERAL ELECTRIC CO	$215,000	–	20,452	–	0.07%	–
PEG	New	PUBLIC SVC ENTERPRISE GRP IN	$207,000	–	3,522	–	0.07%	–
ACHN	New	ACHILLION PHARMACEUTICALS IN	$46,000	–	16,980	–	0.02%	–

Q4 2018

			Value		Shares		↓ Weighting
ACHN	Exit	ACHILLION PHARMACEUTICALS IN	$0	–	-16,980	–	-0.02%	–
DBC	Exit	INVESCO DB COMMDY INDX TRCKunit	$0	–	-10,293	–	-0.06%	–
BP	Exit	BP PLCsponsored adr	$0	–	-4,439	–	-0.06%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-5,636	–	-0.06%	–
AMZN	Exit	AMAZON COM INC	$0	–	-103	–	-0.06%	–
BA	Exit	BOEING CO	$0	–	-588	–	-0.07%	–
PFE	Exit	PFIZER INC	$0	–	-5,026	–	-0.07%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-20,100	–	-0.07%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-2,095	–	-0.07%	–
HSY	Exit	HERSHEY CO	$0	–	-2,300	–	-0.07%	–
FISV	Exit	FISERV INC	$0	–	-3,078	–	-0.08%	–
IVZ	Exit	INVESCO LTD	$0	–	-11,986	–	-0.08%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,728	–	-0.09%	–
UGI	Exit	UGI CORP NEW	$0	–	-5,400	–	-0.09%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-2,941	–	-0.09%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-1,145	–	-0.09%	–
D	Exit	DOMINION ENERGY INC	$0	–	-4,485	–	-0.10%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-3,221	–	-0.10%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-4,264	–	-0.10%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,614	–	-0.11%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,849	–	-0.11%	–
EXC	Exit	EXELON CORP	$0	–	-8,136	–	-0.11%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-3,757	–	-0.12%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-4,660	–	-0.12%	–
FAST	Exit	FASTENAL CO	$0	–	-6,534	–	-0.12%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-3,412	–	-0.12%	–
PSX	Exit	PHILLIPS 66	$0	–	-3,496	–	-0.12%	–
PFF	Exit	ISHARES TRs&p us pfd stk	$0	–	-11,014	–	-0.12%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-9,873	–	-0.13%	–
PPG	Exit	PPG INDS INC	$0	–	-3,985	–	-0.13%	–
PAYX	Exit	PAYCHEX INC	$0	–	-5,941	–	-0.13%	–
MET	Exit	METLIFE INC	$0	–	-9,829	–	-0.14%	–
SO	Exit	SOUTHERN CO	$0	–	-10,817	–	-0.14%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-3,249	–	-0.15%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,361	–	-0.16%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,803	–	-0.16%	–
INTC	Exit	INTEL CORP	$0	–	-11,267	–	-0.16%	–
BBT	Exit	BB&T CORP	$0	–	-11,442	–	-0.17%	–
BMTC	Exit	BRYN MAWR BK CORP	$0	–	-12,240	–	-0.18%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,794	–	-0.19%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-7,626	–	-0.19%	–
KO	Exit	COCA COLA CO	$0	–	-14,878	–	-0.21%	–
CSCO	Exit	CISCO SYS INC	$0	–	-14,126	–	-0.21%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-5,907	–	-0.22%	–
UNP	Exit	UNION PAC CORP	$0	–	-4,435	–	-0.22%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-4,051	–	-0.22%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-11,203	–	-0.29%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-14,946	–	-0.29%	–
MRK	Exit	MERCK & CO INC	$0	–	-14,069	–	-0.30%	–
EFX	Exit	EQUIFAX INC	$0	–	-8,250	–	-0.33%	–
ETN	Exit	EATON CORP PLC	$0	–	-13,784	–	-0.36%	–
PPL	Exit	PPL CORP	$0	–	-41,417	–	-0.37%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-55,442	–	-0.65%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-36,233	–	-0.67%	–
VFC	Exit	V F CORP	$0	–	-24,219	–	-0.69%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-43,201	–	-0.73%	–
EOG	Exit	EOG RES INC	$0	–	-19,246	–	-0.75%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-49,812	–	-0.81%	–
MMM	Exit	3M CO	$0	–	-12,811	–	-0.82%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-13,903	–	-0.85%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-34,706	–	-0.87%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-37,364	–	-0.88%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-6,447	–	-0.90%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-14,543	–	-0.91%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-17,849	–	-0.91%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-34,274	–	-0.91%	–
PCAR	Exit	PACCAR INC	$0	–	-47,677	–	-0.99%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-20,262	–	-1.03%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-24,131	–	-1.03%	–
	Exit	JANUS HENDERSON ENTERPRISE I	$0	–	-25,363	–	-1.05%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-92,457	–	-1.09%	–
FDX	Exit	FEDEX CORP	$0	–	-14,896	–	-1.09%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-38,947	–	-1.10%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-16,989	–	-1.12%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-48,129	–	-1.12%	–
BAC	Exit	BANK AMER CORP	$0	–	-125,197	–	-1.12%	–
ABBV	Exit	ABBVIE INC	$0	–	-40,419	–	-1.17%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-26,440	–	-1.19%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-36,713	–	-1.22%	–
AET	Exit	AETNA INC NEW	$0	–	-20,501	–	-1.27%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-16,117	–	-1.28%	–
ALL	Exit	ALLSTATE CORP	$0	–	-42,744	–	-1.29%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-58,297	–	-1.33%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-38,760	–	-1.34%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-26,822	–	-1.34%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-33,596	–	-1.40%	–
NKE	Exit	NIKE INCcl b	$0	–	-54,246	–	-1.40%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-18,881	–	-1.40%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-52,820	–	-1.42%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-133,948	–	-1.45%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-2,419	–	-1.46%	–
AMGN	Exit	AMGEN INC	$0	–	-23,189	–	-1.47%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-62,411	–	-1.47%	–
HD	Exit	HOME DEPOT INC	$0	–	-23,407	–	-1.48%	–
AVGO	Exit	BROADCOM INC	$0	–	-20,150	–	-1.52%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-44,203	–	-1.52%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-21,944	–	-1.57%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-98,588	–	-1.58%	–
DIS	Exit	DISNEY WALT CO	$0	–	-46,320	–	-1.65%	–
V	Exit	VISA INC	$0	–	-37,337	–	-1.71%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-4,792	–	-1.76%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-35,207	–	-1.82%	–
AAPL	Exit	APPLE INC	$0	–	-30,687	–	-2.11%	–
	Exit	JANUS HENDERSON ENTERPRISE A	$0	–	-83,591	–	-3.36%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-83,568	–	-3.52%	–
UVSP	Exit	UNIVEST CORP PA	$0	–	-584,936	–	-4.72%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-84,198	–	-6.86%	–
VXUS	Exit	VANGUARD STAR FDvg tl intl stk f	$0	–	-745,810	–	-12.28%	–

Q3 2018

			Value		Shares		↓ Weighting
VXUS	New	VANGUARD STAR FDvg tl intl stk f	$40,274,000	–	745,810	–	12.28%	–
VOO	New	VANGUARD INDEX FDS	$22,485,000	–	84,198	–	6.86%	–
UVSP	Buy	UNIVEST CORP PA	$15,472,000	-3.4%	584,936	+0.4%	4.72%	-26.4%
JNJ	Sell	JOHNSON & JOHNSON	$11,547,000	+13.0%	83,568	-0.8%	3.52%	-14.0%
	Buy	JANUS HENDERSON ENTERPRISE A	$11,010,000	+8.6%	83,591	+1.5%	3.36%	-17.4%
AAPL	Sell	APPLE INC	$6,927,000	+17.6%	30,687	-3.5%	2.11%	-10.4%
HRS	Sell	HARRIS CORP DEL	$5,957,000	+15.1%	35,207	-1.7%	1.82%	-12.4%
GOOGL	Sell	ALPHABET INCcap stk cl a	$5,784,000	+4.1%	4,792	-2.6%	1.76%	-20.7%
V	Sell	VISA INC	$5,604,000	+9.3%	37,337	-3.5%	1.71%	-16.8%
DIS	Sell	DISNEY WALT CO	$5,417,000	+3.1%	46,320	-7.6%	1.65%	-21.5%
XLU	Sell	SELECT SECTOR SPDR TRsbi int-utils	$5,191,000	-1.4%	98,588	-2.7%	1.58%	-25.0%
COST	Sell	COSTCO WHSL CORP NEW	$5,154,000	+7.8%	21,944	-4.1%	1.57%	-17.9%
JPM	Sell	JPMORGAN CHASE & CO	$4,988,000	+6.8%	44,203	-1.4%	1.52%	-18.7%
AVGO	Buy	BROADCOM INC	$4,972,000	+2.0%	20,150	+0.3%	1.52%	-22.4%
HD	Sell	HOME DEPOT INC	$4,849,000	-14.4%	23,407	-19.4%	1.48%	-34.8%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIOcl a	$4,815,000	-3.0%	62,411	-0.7%	1.47%	-26.1%
AMGN	Sell	AMGEN INC	$4,807,000	+9.1%	23,189	-2.9%	1.47%	-16.9%
BKNG	Buy	BOOKING HLDGS INC	$4,799,000	+7.9%	2,419	+10.3%	1.46%	-17.8%
CMCSA	Buy	COMCAST CORP NEWcl a	$4,743,000	+9.5%	133,948	+1.5%	1.45%	-16.6%
TEL	Buy	TE CONNECTIVITY LTD	$4,644,000	-2.0%	52,820	+0.3%	1.42%	-25.4%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$4,608,000	+14.4%	18,881	-2.9%	1.40%	-12.9%
NKE	Sell	NIKE INCcl b	$4,596,000	-23.1%	54,246	-27.7%	1.40%	-41.4%
PNC	Sell	PNC FINL SVCS GROUP INC	$4,575,000	+0.5%	33,596	-0.3%	1.40%	-23.5%
FB	Sell	FACEBOOK INCcl a	$4,411,000	-16.0%	26,822	-0.7%	1.34%	-36.0%
KMB	Sell	KIMBERLY CLARK CORP	$4,405,000	+5.6%	38,760	-2.1%	1.34%	-19.6%
ICE	Sell	INTERCONTINENTAL EXCHANGE IN	$4,366,000	-0.4%	58,297	-2.2%	1.33%	-24.1%
ALL	Sell	ALLSTATE CORP	$4,219,000	+5.8%	42,744	-2.2%	1.29%	-19.5%
BDX	Sell	BECTON DICKINSON & CO	$4,207,000	+5.2%	16,117	-3.4%	1.28%	-19.9%
AET	Sell	AETNA INC NEW	$4,159,000	+6.9%	20,501	-3.3%	1.27%	-18.7%
TROW	Sell	PRICE T ROWE GROUP INC	$4,008,000	-7.7%	36,713	-1.8%	1.22%	-29.7%
AMP	Sell	AMERIPRISE FINL INC	$3,904,000	+5.5%	26,440	-0.1%	1.19%	-19.6%
ABBV	Buy	ABBVIE INC	$3,823,000	+3.1%	40,419	+1.0%	1.17%	-21.5%
BAC	Sell	BANK AMER CORP	$3,688,000	+3.7%	125,197	-0.8%	1.12%	-21.0%
DFS	Sell	DISCOVER FINL SVCS	$3,679,000	+7.4%	48,129	-1.0%	1.12%	-18.2%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$3,663,000	-2.7%	16,989	-1.2%	1.12%	-25.9%
ABC	Buy	AMERISOURCEBERGEN CORP	$3,592,000	+8.4%	38,947	+0.2%	1.10%	-17.5%
FDX	Sell	FEDEX CORP	$3,587,000	+5.0%	14,896	-1.0%	1.09%	-20.0%
AMAT	Buy	APPLIED MATLS INC	$3,573,000	-13.3%	92,457	+3.7%	1.09%	-33.9%
	Sell	JANUS HENDERSON ENTERPRISE I	$3,442,000	+3.4%	25,363	-3.4%	1.05%	-21.3%
UTX	Sell	UNITED TECHNOLOGIES CORP	$3,374,000	+10.2%	24,131	-1.5%	1.03%	-16.1%
HON	Sell	HONEYWELL INTL INC	$3,372,000	+13.1%	20,262	-2.1%	1.03%	-13.9%
PCAR	Sell	PACCAR INC	$3,251,000	+9.2%	47,677	-0.7%	0.99%	-16.8%
IJR	New	ISHARES TRcore s&p scp etf	$2,990,000	–	34,274	–	0.91%	–
APD	Sell	AIR PRODS & CHEMS INC	$2,982,000	+5.4%	17,849	-1.7%	0.91%	-19.8%
GD	Buy	GENERAL DYNAMICS CORP	$2,977,000	+10.5%	14,543	+0.6%	0.91%	-15.9%
SHW	Sell	SHERWIN WILLIAMS CO	$2,935,000	+7.7%	6,447	-3.6%	0.90%	-18.0%
COP	Sell	CONOCOPHILLIPS	$2,892,000	+5.6%	37,364	-5.0%	0.88%	-19.6%
OXY	Sell	OCCIDENTAL PETE CORP DEL	$2,852,000	-5.4%	34,706	-3.7%	0.87%	-28.0%
IJH	New	ISHARES TRcore s&p mcp etf	$2,799,000	–	13,903	–	0.85%	–
MMM	Buy	3M CO	$2,699,000	+7.3%	12,811	+0.2%	0.82%	-18.3%
VZ	Sell	VERIZON COMMUNICATIONS INC	$2,659,000	+2.0%	49,812	-3.9%	0.81%	-22.3%
EOG	Sell	EOG RES INC	$2,455,000	-0.6%	19,246	-3.1%	0.75%	-24.3%
KHC	Sell	KRAFT HEINZ CO	$2,381,000	-12.3%	43,201	-0.1%	0.73%	-33.3%
VFC	New	V F CORP	$2,263,000	–	24,219	–	0.69%	–
SLB	Sell	SCHLUMBERGER LTD	$2,207,000	-9.5%	36,233	-0.4%	0.67%	-31.1%
SU	Sell	SUNCOR ENERGY INC NEW	$2,145,000	-8.6%	55,442	-3.9%	0.65%	-30.4%
PPL	Sell	PPL CORP	$1,212,000	-2.6%	41,417	-5.0%	0.37%	-25.7%
ETN	Sell	EATON CORP PLC	$1,195,000	+13.8%	13,784	-1.9%	0.36%	-13.5%
MRK	Sell	MERCK & CO INC	$998,000	+10.4%	14,069	-5.5%	0.30%	-16.0%
XOM	Sell	EXXON MOBIL CORP	$952,000	+1.8%	11,203	-0.9%	0.29%	-22.7%
UNP	Sell	UNION PAC CORP	$722,000	+4.0%	4,435	-9.5%	0.22%	-20.9%
CVX	Sell	CHEVRON CORP NEW	$722,000	-6.8%	5,907	-3.7%	0.22%	-29.0%
KO	Sell	COCA COLA CO	$687,000	-3.5%	14,878	-8.4%	0.21%	-26.3%
CSCO	Sell	CISCO SYS INC	$687,000	+9.0%	14,126	-3.5%	0.21%	-16.7%
PG	Sell	PROCTER AND GAMBLE CO	$635,000	+1.3%	7,626	-5.1%	0.19%	-22.7%
LMT	Sell	LOCKHEED MARTIN CORP	$621,000	-21.7%	1,794	-33.1%	0.19%	-40.6%
BBT	Sell	BB&T CORP	$555,000	-15.9%	11,442	-12.6%	0.17%	-36.0%
INTC	Sell	INTEL CORP	$533,000	-7.6%	11,267	-2.9%	0.16%	-29.4%
SPY	New	SPDR S&P 500 ETF TRtr unit	$524,000	–	1,803	–	0.16%	–
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$508,000	+4.7%	3,361	-3.3%	0.16%	-20.1%
CAT	Sell	CATERPILLAR INC DEL	$495,000	+7.8%	3,249	-4.0%	0.15%	-17.9%
SO	Sell	SOUTHERN CO	$472,000	-9.2%	10,817	-3.6%	0.14%	-30.8%
MET	Sell	METLIFE INC	$459,000	+3.6%	9,829	-3.2%	0.14%	-20.9%
PAYX	Sell	PAYCHEX INC	$438,000	+2.6%	5,941	-4.8%	0.13%	-21.6%
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$427,000	–	9,873	–	0.13%	–
PSX	Sell	PHILLIPS 66	$394,000	-5.7%	3,496	-6.2%	0.12%	-28.1%
PM	Sell	PHILIP MORRIS INTL INC	$380,000	-8.4%	4,660	-9.3%	0.12%	-30.1%
PRU	Sell	PRUDENTIAL FINL INC	$381,000	+4.1%	3,757	-3.9%	0.12%	-21.1%
FAST	Sell	FASTENAL CO	$379,000	+13.5%	6,534	-5.8%	0.12%	-13.4%
BND	Buy	VANGUARD BD INDEX FD INCtotal bnd mrkt	$336,000	+0.3%	4,264	+0.7%	0.10%	-23.9%
GPC	Sell	GENUINE PARTS CO	$320,000	+6.0%	3,221	-1.9%	0.10%	-19.0%
D	Sell	DOMINION ENERGY INC	$315,000	-2.2%	4,485	-5.1%	0.10%	-25.6%
LYB	Sell	LYONDELLBASELL INDUSTRIES N	$301,000	-10.4%	2,941	-3.7%	0.09%	-31.9%
MCD	Sell	MCDONALDS CORP	$289,000	+2.8%	1,728	-3.6%	0.09%	-22.1%
IVZ	Sell	INVESCO LTD	$274,000	-15.2%	11,986	-1.4%	0.08%	-34.9%
PFE	New	PFIZER INC	$221,000	–	5,026	–	0.07%	–
BA	New	BOEING CO	$219,000	–	588	–	0.07%	–
WTR	New	AQUA AMERICA INC	$208,000	–	5,636	–	0.06%	–
AMZN	New	AMAZON COM INC	$206,000	–	103	–	0.06%	–
BP	Sell	BP PLCsponsored adr	$205,000	-8.5%	4,439	-9.4%	0.06%	-30.0%
DBC	New	INVESCO DB COMMDY INDX TRCKunit	$185,000	–	10,293	–	0.06%	–
ACHN	New	ACHILLION PHARMACEUTICALS IN	$62,000	–	16,980	–	0.02%	–
PEP	Exit	PEPSICO INC	$0	–	-1,896	–	-0.08%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-1,668	–	-0.09%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-1,345	–	-0.09%	–

Q2 2018

			Value		Shares		↓ Weighting
UVSP	New	UNIVEST CORP PA	$16,016,000	–	582,411	–	6.42%	–
JNJ	New	JOHNSON & JOHNSON	$10,217,000	–	84,200	–	4.09%	–
	New	Janus Henderson Enterprise A	$10,142,000	–	82,375	–	4.06%	–
NKE	New	NIKE INCcl b	$5,976,000	–	74,996	–	2.39%	–
AAPL	New	APPLE INC	$5,889,000	–	31,811	–	2.36%	–
HD	New	HOME DEPOT INC	$5,668,000	–	29,054	–	2.27%	–
GOOGL	New	ALPHABET INCcap stk cl a	$5,554,000	–	4,919	–	2.22%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$5,267,000	–	101,375	–	2.11%	–
DIS	New	DISNEY WALT CO	$5,253,000	–	50,116	–	2.10%	–
FB	New	FACEBOOK INCcl a	$5,251,000	–	27,022	–	2.10%	–
HRS	New	HARRIS CORP DEL	$5,177,000	–	35,814	–	2.07%	–
V	New	VISA INC	$5,127,000	–	38,711	–	2.05%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$4,963,000	–	62,828	–	1.99%	–
AVGO	New	BROADCOM INC	$4,876,000	–	20,095	–	1.95%	–
COST	New	COSTCO WHSL CORP NEW	$4,780,000	–	22,875	–	1.92%	–
TEL	New	TE CONNECTIVITY LTD	$4,741,000	–	52,643	–	1.90%	–
JPM	New	JPMORGAN CHASE & CO	$4,671,000	–	44,823	–	1.87%	–
PNC	New	PNC FINL SVCS GROUP INC	$4,554,000	–	33,710	–	1.82%	–
BKNG	New	BOOKING HLDGS INC	$4,447,000	–	2,194	–	1.78%	–
AMGN	New	AMGEN INC	$4,407,000	–	23,874	–	1.76%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$4,383,000	–	59,597	–	1.76%	–
TROW	New	PRICE T ROWE GROUP INC	$4,342,000	–	37,400	–	1.74%	–
CMCSA	New	COMCAST CORP NEWcl a	$4,331,000	–	132,004	–	1.74%	–
KMB	New	KIMBERLY CLARK CORP	$4,170,000	–	39,586	–	1.67%	–
AMAT	New	APPLIED MATLS INC	$4,119,000	–	89,167	–	1.65%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$4,029,000	–	19,453	–	1.61%	–
BDX	New	BECTON DICKINSON & CO	$3,998,000	–	16,687	–	1.60%	–
ALL	New	ALLSTATE CORP	$3,989,000	–	43,703	–	1.60%	–
AET	New	AETNA INC NEW	$3,891,000	–	21,205	–	1.56%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$3,765,000	–	17,201	–	1.51%	–
ABBV	New	ABBVIE INC	$3,708,000	–	40,018	–	1.48%	–
AMP	New	AMERIPRISE FINL INC	$3,700,000	–	26,454	–	1.48%	–
BAC	New	BANK AMER CORP	$3,556,000	–	126,145	–	1.42%	–
DFS	New	DISCOVER FINL SVCS	$3,424,000	–	48,628	–	1.37%	–
FDX	New	FEDEX CORP	$3,416,000	–	15,043	–	1.37%	–
	New	Janus Henderson Enterprise I	$3,329,000	–	26,266	–	1.33%	–
ABC	New	AMERISOURCEBERGEN CORP	$3,315,000	–	38,874	–	1.33%	–
UTX	New	UNITED TECHNOLOGIES CORP	$3,062,000	–	24,493	–	1.23%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$3,016,000	–	36,045	–	1.21%	–
HON	New	HONEYWELL INTL INC	$2,981,000	–	20,691	–	1.19%	–
PCAR	New	PACCAR INC	$2,976,000	–	48,023	–	1.19%	–
APD	New	AIR PRODS & CHEMS INC	$2,828,000	–	18,160	–	1.13%	–
COP	New	CONOCOPHILLIPS	$2,739,000	–	39,335	–	1.10%	–
SHW	New	SHERWIN WILLIAMS CO	$2,725,000	–	6,685	–	1.09%	–
KHC	New	KRAFT HEINZ CO	$2,716,000	–	43,232	–	1.09%	–
GD	New	GENERAL DYNAMICS CORP	$2,695,000	–	14,457	–	1.08%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,606,000	–	51,807	–	1.04%	–
MMM	New	3M CO	$2,515,000	–	12,785	–	1.01%	–
EOG	New	EOG RES INC	$2,470,000	–	19,854	–	0.99%	–
SLB	New	SCHLUMBERGER LTD	$2,439,000	–	36,381	–	0.98%	–
SU	New	SUNCOR ENERGY INC NEW	$2,346,000	–	57,680	–	0.94%	–
PPL	New	PPL CORP	$1,244,000	–	43,590	–	0.50%	–
ETN	New	EATON CORP PLC	$1,050,000	–	14,046	–	0.42%	–
EFX	New	EQUIFAX INC	$1,032,000	–	8,250	–	0.41%	–
DWDP	New	DOWDUPONT INC	$985,000	–	14,946	–	0.40%	–
XOM	New	EXXON MOBIL CORP	$935,000	–	11,307	–	0.38%	–
MRK	New	MERCK & CO INC	$904,000	–	14,892	–	0.36%	–
LMT	New	LOCKHEED MARTIN CORP	$793,000	–	2,683	–	0.32%	–
CVX	New	CHEVRON CORP NEW	$775,000	–	6,133	–	0.31%	–
KO	New	COCA COLA CO	$712,000	–	16,235	–	0.28%	–
UNP	New	UNION PAC CORP	$694,000	–	4,899	–	0.28%	–
BBT	New	BB&T CORP	$660,000	–	13,094	–	0.26%	–
CSCO	New	CISCO SYS INC	$630,000	–	14,634	–	0.25%	–
PG	New	PROCTER AND GAMBLE CO	$627,000	–	8,034	–	0.25%	–
NSC	New	NORFOLK SOUTHERN CORP	$611,000	–	4,051	–	0.24%	–
INTC	New	INTEL CORP	$577,000	–	11,605	–	0.23%	–
BMTC	New	BRYN MAWR BK CORP	$567,000	–	12,240	–	0.23%	–
SO	New	SOUTHERN CO	$520,000	–	11,224	–	0.21%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$485,000	–	3,475	–	0.19%	–
CAT	New	CATERPILLAR INC DEL	$459,000	–	3,384	–	0.18%	–
MET	New	METLIFE INC	$443,000	–	10,156	–	0.18%	–
PAYX	New	PAYCHEX INC	$427,000	–	6,242	–	0.17%	–
PSX	New	PHILLIPS 66	$418,000	–	3,726	–	0.17%	–
PM	New	PHILIP MORRIS INTL INC	$415,000	–	5,135	–	0.17%	–
PFF	New	ISHARES TRs&p us pfd stk	$415,000	–	11,014	–	0.17%	–
PPG	New	PPG INDS INC	$413,000	–	3,985	–	0.16%	–
PRU	New	PRUDENTIAL FINL INC	$366,000	–	3,910	–	0.15%	–
EXC	New	EXELON CORP	$347,000	–	8,136	–	0.14%	–
MSFT	New	MICROSOFT CORP	$336,000	–	3,412	–	0.14%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$336,000	–	3,055	–	0.14%	–
FAST	New	FASTENAL CO	$334,000	–	6,933	–	0.13%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$335,000	–	4,233	–	0.13%	–
MO	New	ALTRIA GROUP INC	$332,000	–	5,849	–	0.13%	–
D	New	DOMINION ENERGY INC	$322,000	–	4,724	–	0.13%	–
IVZ	New	INVESCO LTD	$323,000	–	12,160	–	0.13%	–
GPC	New	GENUINE PARTS CO	$302,000	–	3,285	–	0.12%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$301,000	–	1,614	–	0.12%	–
UNH	New	UNITEDHEALTH GROUP INC	$281,000	–	1,145	–	0.11%	–
MCD	New	MCDONALDS CORP	$281,000	–	1,792	–	0.11%	–
UGI	New	UGI CORP NEW	$281,000	–	5,400	–	0.11%	–
GE	New	GENERAL ELECTRIC CO	$274,000	–	20,100	–	0.11%	–
FISV	New	FISERV INC	$228,000	–	3,078	–	0.09%	–
BP	New	BP PLCsponsored adr	$224,000	–	4,897	–	0.09%	–
COL	New	ROCKWELL COLLINS INC	$225,000	–	1,668	–	0.09%	–
ROK	New	ROCKWELL AUTOMATION INC	$224,000	–	1,345	–	0.09%	–
FIS	New	FIDELITY NATL INFORMATION SV	$222,000	–	2,095	–	0.09%	–
HSY	New	HERSHEY CO	$214,000	–	2,300	–	0.09%	–
PEP	New	PEPSICO INC	$206,000	–	1,896	–	0.08%	–

Q4 2017

			Value		Shares		↓ Weighting
	Exit	T ROWE PRICE TAX FREE HY	$0	–	-11,736	–	-0.06%	–
BA	Exit	BOEING CO	$0	–	-788	–	-0.08%	–
BP	Exit	BP PLCsponsored adr	$0	–	-5,425	–	-0.09%	–
PFE	Exit	PFIZER INC	$0	–	-6,031	–	-0.09%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-1,668	–	-0.09%	–
PEP	Exit	PEPSICO INC	$0	–	-2,260	–	-0.11%	–
HSY	Exit	HERSHEY CO	$0	–	-2,300	–	-0.11%	–
UGI	Exit	UGI CORP NEW	$0	–	-5,400	–	-0.11%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-1,438	–	-0.11%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-1,351	–	-0.11%	–
BAC	Exit	BANK AMER CORP	$0	–	-11,476	–	-0.12%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,614	–	-0.12%	–
VFC	Exit	V F CORP	$0	–	-5,024	–	-0.14%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-3,965	–	-0.14%	–
MCD	Exit	MCDONALDS CORP	$0	–	-2,094	–	-0.14%	–
EXC	Exit	EXELON CORP	$0	–	-8,832	–	-0.14%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-4,524	–	-0.15%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-3,867	–	-0.16%	–
PAYX	Exit	PAYCHEX INC	$0	–	-6,631	–	-0.17%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-6,346	–	-0.17%	–
PFF	Exit	ISHARES TRs&p us pfd stk	$0	–	-11,014	–	-0.18%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-4,084	–	-0.18%	–
QCOM	Exit	QUALCOMM INC	$0	–	-8,561	–	-0.19%	–
PPG	Exit	PPG INDS INC	$0	–	-4,149	–	-0.19%	–
GIS	Exit	GENERAL MLS INC	$0	–	-8,706	–	-0.19%	–
PSX	Exit	PHILLIPS 66	$0	–	-5,037	–	-0.20%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-3,950	–	-0.20%	–
SO	Exit	SOUTHERN CO	$0	–	-10,506	–	-0.22%	–
MET	Exit	METLIFE INC	$0	–	-10,030	–	-0.22%	–
BMTC	Exit	BRYN MAWR BK CORP	$0	–	-12,240	–	-0.23%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-4,051	–	-0.23%	–
INTC	Exit	INTEL CORP	$0	–	-14,716	–	-0.24%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-4,610	–	-0.24%	–
CSCO	Exit	CISCO SYS INC	$0	–	-18,211	–	-0.26%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-8,608	–	-0.27%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-7,891	–	-0.30%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,873	–	-0.38%	–
KO	Exit	COCA COLA CO	$0	–	-20,405	–	-0.39%	–
MRK	Exit	MERCK & CO INC	$0	–	-14,966	–	-0.40%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-41,312	–	-0.42%	–
EFX	Exit	EQUIFAX INC	$0	–	-9,800	–	-0.44%	–
PPL	Exit	PPL CORP	$0	–	-40,026	–	-0.64%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-21,599	–	-0.75%	–
EOG	Exit	EOG RES INC	$0	–	-23,232	–	-0.95%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-66,556	–	-0.98%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-47,845	–	-1.01%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-35,721	–	-1.05%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-7,028	–	-1.06%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-40,941	–	-1.11%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-56,734	–	-1.18%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-14,082	–	-1.18%	–
MMM	Exit	3M CO	$0	–	-13,674	–	-1.21%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-19,196	–	-1.22%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-27,693	–	-1.30%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-22,121	–	-1.32%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-27,148	–	-1.33%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-15,541	–	-1.35%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-40,150	–	-1.40%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-21,214	–	-1.47%	–
ALL	Exit	ALLSTATE CORP	$0	–	-39,843	–	-1.54%	–
FDX	Exit	FEDEX CORP	$0	–	-16,315	–	-1.55%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-31,526	–	-1.57%	–
UNP	Exit	UNION PAC CORP	$0	–	-32,153	–	-1.57%	–
AET	Exit	AETNA INC NEW	$0	–	-23,504	–	-1.58%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-20,318	–	-1.62%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-59,972	–	-1.63%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-19,970	–	-1.65%	–
NKE	Exit	NIKE INCcl b	$0	–	-78,070	–	-1.71%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-29,059	–	-1.82%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-2,359	–	-1.82%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-63,519	–	-1.84%	–
BBT	Exit	BB&T CORP	$0	–	-93,136	–	-1.84%	–
AVGO	Exit	BROADCOM LTD	$0	–	-18,251	–	-1.87%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-115,410	–	-1.87%	–
V	Exit	VISA INC	$0	–	-43,418	–	-1.93%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-26,912	–	-1.94%	–
AMGN	Exit	AMGEN INC	$0	–	-24,788	–	-1.95%	–
ABBV	Exit	ABBVIE INC	$0	–	-52,160	–	-1.96%	–
HD	Exit	HOME DEPOT INC	$0	–	-28,559	–	-1.97%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-56,317	–	-1.97%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-52,239	–	-2.00%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-66,817	–	-2.04%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-93,022	–	-2.04%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-38,108	–	-2.12%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-5,236	–	-2.15%	–
DIS	Exit	DISNEY WALT CO	$0	–	-52,583	–	-2.19%	–
AAPL	Exit	APPLE INC	$0	–	-33,922	–	-2.21%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-55,511	–	-2.24%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-39,758	–	-2.26%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-106,861	–	-2.39%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-87,369	–	-4.79%	–
UVSP	Exit	UNIVEST CORP PA	$0	–	-582,593	–	-7.87%	–

Q3 2017

			Value		Shares		↓ Weighting
UVSP	Sell	UNIVEST CORP PA	$18,643,000	-16.2%	582,593	-21.6%	7.87%	-16.0%
JNJ	Buy	JOHNSON & JOHNSON	$11,359,000	-1.0%	87,369	+0.7%	4.79%	-0.7%
XLU	Buy	SELECT SECTOR SPDR TRsbi int-utils	$5,669,000	+15.5%	106,861	+13.1%	2.39%	+15.8%
PNC	Buy	PNC FINL SVCS GROUP INC	$5,358,000	+8.4%	39,758	+0.4%	2.26%	+8.7%
JPM	Buy	JPMORGAN CHASE & CO	$5,302,000	+13.4%	55,511	+8.6%	2.24%	+13.7%
AAPL	Buy	APPLE INC	$5,228,000	+8.4%	33,922	+1.3%	2.21%	+8.7%
DIS	Buy	DISNEY WALT CO	$5,183,000	+11.3%	52,583	+20.0%	2.19%	+11.6%
GOOGL	Buy	ALPHABET INCcap stk cl a	$5,098,000	+10.7%	5,236	+5.7%	2.15%	+11.0%
HRS	Sell	HARRIS CORP DEL	$5,018,000	+18.9%	38,108	-1.5%	2.12%	+19.2%
AMAT	Sell	APPLIED MATLS INC	$4,846,000	+18.5%	93,022	-6.1%	2.04%	+18.8%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIOcl a	$4,847,000	+9.0%	66,817	-0.2%	2.04%	+9.3%
TROW	Buy	PRICE T ROWE GROUP INC	$4,735,000	+22.6%	52,239	+0.3%	2.00%	+22.9%
TEL	Buy	TE CONNECTIVITY LTD	$4,678,000	+13.9%	56,317	+7.9%	1.97%	+14.2%
HD	Sell	HOME DEPOT INC	$4,671,000	+0.9%	28,559	-5.4%	1.97%	+1.1%
ABBV	Sell	ABBVIE INC	$4,635,000	+8.8%	52,160	-11.2%	1.96%	+9.2%
AMGN	Sell	AMGEN INC	$4,622,000	+5.9%	24,788	-2.2%	1.95%	+6.2%
FB	Buy	FACEBOOK INCcl a	$4,598,000	+44.0%	26,912	+27.2%	1.94%	+44.3%
V	Sell	VISA INC	$4,569,000	+3.0%	43,418	-8.2%	1.93%	+3.3%
CMCSA	Sell	COMCAST CORP NEWcl a	$4,441,000	-1.8%	115,410	-0.7%	1.87%	-1.5%
AVGO	Sell	BROADCOM LTD	$4,427,000	-0.9%	18,251	-4.8%	1.87%	-0.7%
BBT	Buy	BB&T CORP	$4,372,000	+6.9%	93,136	+3.4%	1.84%	+7.2%
ICE	Buy	INTERCONTINENTAL EXCHANGE IN	$4,364,000	+7.7%	63,519	+3.3%	1.84%	+8.0%
PCLN	Sell	PRICELINE GRP INC	$4,319,000	-6.6%	2,359	-4.5%	1.82%	-6.3%
AMP	Sell	AMERIPRISE FINL INC	$4,316,000	+9.0%	29,059	-6.6%	1.82%	+9.2%
NKE	Buy	NIKE INCcl b	$4,048,000	-5.8%	78,070	+7.2%	1.71%	-5.5%
BDX	Sell	BECTON DICKINSON & CO	$3,913,000	+0.4%	19,970	-0.0%	1.65%	+0.7%
DFS	Buy	DISCOVER FINL SVCS	$3,867,000	+16.7%	59,972	+12.6%	1.63%	+17.0%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$3,844,000	+4.8%	20,318	-3.4%	1.62%	+5.1%
AET	Sell	AETNA INC NEW	$3,737,000	-4.3%	23,504	-8.6%	1.58%	-4.1%
UNP	Sell	UNION PAC CORP	$3,729,000	+2.5%	32,153	-3.8%	1.57%	+2.8%
KMB	Buy	KIMBERLY CLARK CORP	$3,710,000	+3.1%	31,526	+13.1%	1.57%	+3.4%
FDX	Sell	FEDEX CORP	$3,680,000	-4.5%	16,315	-8.0%	1.55%	-4.3%
ALL	Sell	ALLSTATE CORP	$3,662,000	-8.2%	39,843	-11.7%	1.54%	-8.0%
COST	Buy	COSTCO WHSL CORP NEW	$3,485,000	+9.6%	21,214	+6.7%	1.47%	+9.9%
ABC	Buy	AMERISOURCEBERGEN CORP	$3,322,000	-1.8%	40,150	+12.2%	1.40%	-1.5%
GD	Buy	GENERAL DYNAMICS CORP	$3,195,000	+4.1%	15,541	+0.4%	1.35%	+4.4%
UTX	Buy	UNITED TECHNOLOGIES CORP	$3,151,000	+0.8%	27,148	+6.1%	1.33%	+1.1%
HON	Sell	HONEYWELL INTL INC	$3,135,000	+2.3%	22,121	-3.8%	1.32%	+2.6%
PM	Sell	PHILIP MORRIS INTL INC	$3,074,000	-12.8%	27,693	-7.7%	1.30%	-12.5%
APD	Buy	AIR PRODS & CHEMS INC	$2,903,000	+11.5%	19,196	+5.5%	1.22%	+11.9%
MMM	Sell	3M CO	$2,870,000	-2.8%	13,674	-3.6%	1.21%	-2.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$2,808,000	+11.6%	56,734	+0.6%	1.18%	+11.9%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$2,809,000	-4.9%	14,082	-7.6%	1.18%	-4.7%
OXY	Sell	OCCIDENTAL PETE CORP DEL	$2,629,000	-6.9%	40,941	-13.2%	1.11%	-6.7%
SHW	New	SHERWIN WILLIAMS CO	$2,516,000	–	7,028	–	1.06%	–
SLB	Buy	SCHLUMBERGER LTD	$2,492,000	+10.9%	35,721	+4.6%	1.05%	+11.2%
COP	Buy	CONOCOPHILLIPS	$2,395,000	+16.7%	47,845	+2.5%	1.01%	+17.0%
SU	Sell	SUNCOR ENERGY INC NEW	$2,331,000	-9.2%	66,556	-24.3%	0.98%	-9.0%
EOG	Sell	EOG RES INC	$2,247,000	+5.5%	23,232	-1.2%	0.95%	+5.8%
XOM	Buy	EXXON MOBIL CORP	$1,771,000	+2.8%	21,599	+1.3%	0.75%	+3.0%
PPL	Buy	PPL CORP	$1,519,000	-0.7%	40,026	+1.1%	0.64%	-0.5%
EFX	Sell	EQUIFAX INC	$1,039,000	-25.1%	9,800	-3.0%	0.44%	-25.0%
GE	Buy	GENERAL ELECTRIC CO	$999,000	-6.3%	41,312	+4.7%	0.42%	-6.0%
MRK	Buy	MERCK & CO INC	$958,000	+3.3%	14,966	+3.5%	0.40%	+3.6%
KO	Sell	COCA COLA CO	$918,000	-76.6%	20,405	-76.7%	0.39%	-76.6%
LMT	Buy	LOCKHEED MARTIN CORP	$891,000	+14.8%	2,873	+2.8%	0.38%	+15.0%
PG	Buy	PROCTER AND GAMBLE CO	$718,000	+5.6%	7,891	+1.1%	0.30%	+5.9%
MSFT	Sell	MICROSOFT CORP	$641,000	+1.4%	8,608	-6.1%	0.27%	+1.5%
CSCO	Buy	CISCO SYS INC	$612,000	+12.3%	18,211	+4.6%	0.26%	+12.7%
CAT	Sell	CATERPILLAR INC DEL	$575,000	+15.5%	4,610	-0.5%	0.24%	+15.7%
INTC	Buy	INTEL CORP	$560,000	+16.9%	14,716	+3.6%	0.24%	+16.8%
NSC	Sell	NORFOLK SOUTHERN CORP	$536,000	+5.7%	4,051	-2.7%	0.23%	+6.1%
BMTC	Sell	BRYN MAWR BK CORP	$536,000	-22.3%	12,240	-24.6%	0.23%	-22.1%
MET	Buy	METLIFE INC	$521,000	-1.1%	10,030	+4.7%	0.22%	-0.9%
SO	Buy	SOUTHERN CO	$516,000	+7.5%	10,506	+4.9%	0.22%	+7.9%
CVX	Sell	CHEVRON CORP NEW	$464,000	-5.7%	3,950	-16.2%	0.20%	-5.3%
PSX	Buy	PHILLIPS 66	$461,000	+13.3%	5,037	+2.3%	0.20%	+14.0%
GIS	Buy	GENERAL MLS INC	$451,000	0.0%	8,706	+6.9%	0.19%	0.0%
QCOM	Sell	QUALCOMM INC	$444,000	-87.6%	8,561	-86.8%	0.19%	-87.5%
PRU	Buy	PRUDENTIAL FINL INC	$434,000	+8.0%	4,084	+9.8%	0.18%	+8.3%
MO	Buy	ALTRIA GROUP INC	$402,000	-13.4%	6,346	+1.8%	0.17%	-12.8%
PAYX	Buy	PAYCHEX INC	$398,000	+14.0%	6,631	+8.2%	0.17%	+14.3%
LYB	Buy	LYONDELLBASELL INDUSTRIES N	$383,000	+21.6%	3,867	+3.7%	0.16%	+21.8%
ETR	Buy	ENTERGY CORP NEW	$345,000	+4.9%	4,524	+5.7%	0.15%	+5.8%
MCD	Buy	MCDONALDS CORP	$328,000	+5.5%	2,094	+3.0%	0.14%	+5.3%
BND	Buy	VANGUARD BD INDEX FD INCtotal bnd mrkt	$325,000	+4.2%	3,965	+3.9%	0.14%	+4.6%
VFC	Buy	V F CORP	$319,000	+13.1%	5,024	+2.5%	0.14%	+13.4%
BAC	Sell	BANK AMER CORP	$291,000	-2.7%	11,476	-6.8%	0.12%	-2.4%
UNH	Sell	UNITEDHEALTH GROUP INC	$265,000	+3.5%	1,351	-2.2%	0.11%	+3.7%
PEP	Buy	PEPSICO INC	$252,000	-3.1%	2,260	+0.4%	0.11%	-2.8%
COL	New	ROCKWELL COLLINS INC	$218,000	–	1,668	–	0.09%	–
PFE	Sell	PFIZER INC	$215,000	+3.4%	6,031	-2.5%	0.09%	+3.4%
BP	Sell	BP PLCsponsored adr	$208,000	+3.5%	5,425	-6.7%	0.09%	+3.5%
BA	New	BOEING CO	$200,000	–	788	–	0.08%	–
CI	Exit	CIGNA CORPORATION	$0	–	-1,406	–	-0.10%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-12,906	–	-0.44%	–
DOW	Exit	DOW CHEM CO	$0	–	-42,375	–	-1.12%	–

Q2 2017

			Value		Shares		↓ Weighting
UVSP	New	UNIVEST CORP PA	$22,245,000	–	742,747	–	9.36%	–
JNJ	New	JOHNSON & JOHNSON	$11,473,000	–	86,724	–	4.83%	–
PNC	New	PNC FINL SVCS GROUP INC	$4,943,000	–	39,584	–	2.08%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$4,910,000	–	94,493	–	2.07%	–
AAPL	New	APPLE INC	$4,822,000	–	33,479	–	2.03%	–
JPM	New	JPMORGAN CHASE & CO	$4,674,000	–	51,137	–	1.97%	–
DIS	New	DISNEY WALT CO	$4,657,000	–	43,828	–	1.96%	–
HD	New	HOME DEPOT INC	$4,630,000	–	30,185	–	1.95%	–
PCLN	New	PRICELINE GRP INC	$4,622,000	–	2,471	–	1.94%	–
GOOGL	New	ALPHABET INCcap stk cl a	$4,605,000	–	4,953	–	1.94%	–
CMCSA	New	COMCAST CORP NEWcl a	$4,522,000	–	116,179	–	1.90%	–
AVGO	New	BROADCOM LTD	$4,469,000	–	19,177	–	1.88%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$4,445,000	–	66,947	–	1.87%	–
V	New	VISA INC	$4,436,000	–	47,302	–	1.87%	–
AMGN	New	AMGEN INC	$4,366,000	–	25,347	–	1.84%	–
NKE	New	NIKE INCcl b	$4,297,000	–	72,826	–	1.81%	–
ABBV	New	ABBVIE INC	$4,259,000	–	58,736	–	1.79%	–
HRS	New	HARRIS CORP DEL	$4,222,000	–	38,703	–	1.78%	–
TEL	New	TE CONNECTIVITY LTD	$4,108,000	–	52,214	–	1.73%	–
AMAT	New	APPLIED MATLS INC	$4,091,000	–	99,036	–	1.72%	–
BBT	New	BB&T CORP	$4,090,000	–	90,061	–	1.72%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$4,052,000	–	61,465	–	1.70%	–
ALL	New	ALLSTATE CORP	$3,991,000	–	45,130	–	1.68%	–
AMP	New	AMERIPRISE FINL INC	$3,961,000	–	31,114	–	1.67%	–
KO	New	COCA COLA CO	$3,930,000	–	87,615	–	1.65%	–
AET	New	AETNA INC NEW	$3,906,000	–	25,727	–	1.64%	–
BDX	New	BECTON DICKINSON & CO	$3,897,000	–	19,973	–	1.64%	–
TROW	New	PRICE T ROWE GROUP INC	$3,863,000	–	52,061	–	1.63%	–
FDX	New	FEDEX CORP	$3,853,000	–	17,731	–	1.62%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$3,669,000	–	21,029	–	1.54%	–
UNP	New	UNION PAC CORP	$3,638,000	–	33,408	–	1.53%	–
KMB	New	KIMBERLY CLARK CORP	$3,598,000	–	27,871	–	1.51%	–
QCOM	New	QUALCOMM INC	$3,568,000	–	64,614	–	1.50%	–
PM	New	PHILIP MORRIS INTL INC	$3,524,000	–	30,006	–	1.48%	–
ABC	New	AMERISOURCEBERGEN CORP	$3,382,000	–	35,775	–	1.42%	–
DFS	New	DISCOVER FINL SVCS	$3,314,000	–	53,281	–	1.40%	–
FB	New	FACEBOOK INCcl a	$3,194,000	–	21,154	–	1.34%	–
COST	New	COSTCO WHSL CORP NEW	$3,181,000	–	19,888	–	1.34%	–
UTX	New	UNITED TECHNOLOGIES CORP	$3,125,000	–	25,590	–	1.32%	–
GD	New	GENERAL DYNAMICS CORP	$3,068,000	–	15,486	–	1.29%	–
HON	New	HONEYWELL INTL INC	$3,064,000	–	22,984	–	1.29%	–
MMM	New	3M CO	$2,953,000	–	14,185	–	1.24%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$2,954,000	–	15,248	–	1.24%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$2,825,000	–	47,179	–	1.19%	–
DOW	New	DOW CHEM CO	$2,673,000	–	42,375	–	1.12%	–
APD	New	AIR PRODS & CHEMS INC	$2,603,000	–	18,194	–	1.10%	–
SU	New	SUNCOR ENERGY INC NEW	$2,568,000	–	87,962	–	1.08%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,517,000	–	56,368	–	1.06%	–
SLB	New	SCHLUMBERGER LTD	$2,248,000	–	34,149	–	0.95%	–
EOG	New	EOG RES INC	$2,129,000	–	23,521	–	0.90%	–
COP	New	CONOCOPHILLIPS	$2,053,000	–	46,698	–	0.86%	–
XOM	New	EXXON MOBIL CORP	$1,722,000	–	21,332	–	0.72%	–
PPL	New	PPL CORP	$1,530,000	–	39,587	–	0.64%	–
EFX	New	EQUIFAX INC	$1,388,000	–	10,099	–	0.58%	–
GE	New	GENERAL ELECTRIC CO	$1,066,000	–	39,461	–	0.45%	–
DD	New	DU PONT E I DE NEMOURS & CO	$1,042,000	–	12,906	–	0.44%	–
MRK	New	MERCK & CO INC	$927,000	–	14,463	–	0.39%	–
LMT	New	LOCKHEED MARTIN CORP	$776,000	–	2,796	–	0.33%	–
BMTC	New	BRYN MAWR BK CORP	$690,000	–	16,240	–	0.29%	–
PG	New	PROCTER AND GAMBLE CO	$680,000	–	7,806	–	0.29%	–
MSFT	New	MICROSOFT CORP	$632,000	–	9,169	–	0.27%	–
CSCO	New	CISCO SYS INC	$545,000	–	17,412	–	0.23%	–
MET	New	METLIFE INC	$527,000	–	9,584	–	0.22%	–
NSC	New	NORFOLK SOUTHERN CORP	$507,000	–	4,162	–	0.21%	–
CAT	New	CATERPILLAR INC DEL	$498,000	–	4,634	–	0.21%	–
CVX	New	CHEVRON CORP NEW	$492,000	–	4,713	–	0.21%	–
INTC	New	INTEL CORP	$479,000	–	14,207	–	0.20%	–
SO	New	SOUTHERN CO	$480,000	–	10,018	–	0.20%	–
MO	New	ALTRIA GROUP INC	$464,000	–	6,233	–	0.20%	–
PPG	New	PPG INDS INC	$456,000	–	4,149	–	0.19%	–
GIS	New	GENERAL MLS INC	$451,000	–	8,146	–	0.19%	–
PFF	New	ISHARES TRu.s. pfd stk etf	$431,000	–	11,014	–	0.18%	–
PSX	New	PHILLIPS 66	$407,000	–	4,923	–	0.17%	–
PRU	New	PRUDENTIAL FINL INC	$402,000	–	3,719	–	0.17%	–
PAYX	New	PAYCHEX INC	$349,000	–	6,127	–	0.15%	–
ETR	New	ENTERGY CORP NEW	$329,000	–	4,281	–	0.14%	–
EXC	New	EXELON CORP	$319,000	–	8,832	–	0.13%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$315,000	–	3,730	–	0.13%	–
MCD	New	MCDONALDS CORP	$311,000	–	2,033	–	0.13%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$312,000	–	3,816	–	0.13%	–
BAC	New	BANK AMER CORP	$299,000	–	12,315	–	0.13%	–
VFC	New	V F CORP	$282,000	–	4,900	–	0.12%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$273,000	–	1,614	–	0.12%	–
UGI	New	UGI CORP NEW	$261,000	–	5,400	–	0.11%	–
PEP	New	PEPSICO INC	$260,000	–	2,250	–	0.11%	–
UNH	New	UNITEDHEALTH GROUP INC	$256,000	–	1,382	–	0.11%	–
HSY	New	HERSHEY CO	$247,000	–	2,300	–	0.10%	–
CI	New	CIGNA CORPORATION	$235,000	–	1,406	–	0.10%	–
ROK	New	ROCKWELL AUTOMATION INC	$233,000	–	1,438	–	0.10%	–
PFE	New	PFIZER INC	$208,000	–	6,183	–	0.09%	–
BP	New	BP PLCsponsored adr	$201,000	–	5,813	–	0.08%	–
	New	T ROWE PRICE TAX FHY	$141,000	–	11,736	–	0.06%	–

Q4 2016

			Value		Shares		↓ Weighting
HARL	Exit	HARLEYSVILLE SVS. FIN. CORP	$0	–	-10,554	–	-0.09%	–
BAC	Exit	BANK AMER CORP	$0	–	-13,091	–	-0.09%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-3,820	–	-0.09%	–
HSY	Exit	HERSHEY CO	$0	–	-2,300	–	-0.10%	–
BP	Exit	BP PLCsponsored adr	$0	–	-6,686	–	-0.11%	–
PFE	Exit	PFIZER INC	$0	–	-7,033	–	-0.11%	–
UGI	Exit	UGI CORP NEW	$0	–	-5,400	–	-0.11%	–
PEP	Exit	PEPSICO INC	$0	–	-2,267	–	-0.11%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-3,529	–	-0.12%	–
MCD	Exit	MCDONALDS CORP	$0	–	-2,352	–	-0.12%	–
PAYX	Exit	PAYCHEX INC	$0	–	-4,856	–	-0.13%	–
CI	Exit	CIGNA CORPORATION	$0	–	-2,192	–	-0.13%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-3,452	–	-0.13%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-3,849	–	-0.14%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-5,553	–	-0.14%	–
EXC	Exit	EXELON CORP	$0	–	-9,958	–	-0.15%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-11,746	–	-0.16%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-4,161	–	-0.18%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-6,479	–	-0.19%	–
PPG	Exit	PPG INDS INC	$0	–	-3,985	–	-0.19%	–
GIS	Exit	GENERAL MLS INC	$0	–	-6,533	–	-0.19%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-4,154	–	-0.19%	–
SO	Exit	SOUTHERN CO	$0	–	-8,471	–	-0.20%	–
INTC	Exit	INTEL CORP	$0	–	-11,532	–	-0.20%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-5,049	–	-0.20%	–
CSCO	Exit	CISCO SYS INC	$0	–	-15,110	–	-0.22%	–
BMTC	Exit	BRYN MAWR BK CORP	$0	–	-15,120	–	-0.22%	–
PFF	Exit	ISHARES TRu.s. pfd stk etf	$0	–	-12,224	–	-0.22%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-22,826	–	-0.24%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,602	–	-0.28%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-26,611	–	-0.36%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-9,382	–	-0.38%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-14,233	–	-0.43%	–
MRK	Exit	MERCK & CO INC	$0	–	-20,128	–	-0.57%	–
PPL	Exit	PPL CORP	$0	–	-40,274	–	-0.63%	–
EFX	Exit	EQUIFAX INC	$0	–	-10,544	–	-0.64%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-21,229	–	-0.84%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-83,341	–	-1.05%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-55,528	–	-1.09%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-31,789	–	-1.13%	–
DOW	Exit	DOW CHEM CO	$0	–	-48,429	–	-1.14%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-35,471	–	-1.17%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-16,685	–	-1.17%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-17,525	–	-1.19%	–
ORCL	Exit	ORACLE CORP	$0	–	-67,309	–	-1.20%	–
TGT	Exit	TARGET CORP	$0	–	-40,907	–	-1.27%	–
EOG	Exit	EOG RES INC	$0	–	-29,147	–	-1.28%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-34,911	–	-1.28%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-59,362	–	-1.28%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-28,619	–	-1.32%	–
NKE	Exit	NIKE INCcl b	$0	–	-55,533	–	-1.32%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-102,351	–	-1.40%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-70,077	–	-1.40%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-26,737	–	-1.41%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-47,750	–	-1.44%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-32,035	–	-1.45%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-49,988	–	-1.46%	–
ALL	Exit	ALLSTATE CORP	$0	–	-47,193	–	-1.48%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-41,475	–	-1.49%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-58,333	–	-1.49%	–
UNP	Exit	UNION PAC CORP	$0	–	-33,921	–	-1.50%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-64,383	–	-1.52%	–
MMM	Exit	3M CO	$0	–	-19,330	–	-1.54%	–
AET	Exit	AETNA INC NEW	$0	–	-29,528	–	-1.54%	–
FDX	Exit	FEDEX CORP	$0	–	-19,802	–	-1.57%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-35,669	–	-1.57%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-39,503	–	-1.59%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-23,172	–	-1.60%	–
T	Exit	AT&T INC	$0	–	-89,637	–	-1.65%	–
DIS	Exit	DISNEY WALT CO	$0	–	-39,558	–	-1.66%	–
QCOM	Exit	QUALCOMM INC	$0	–	-53,639	–	-1.66%	–
KO	Exit	COCA COLA CO	$0	–	-87,410	–	-1.68%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-29,478	–	-1.68%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-56,597	–	-1.70%	–
AMGN	Exit	AMGEN INC	$0	–	-22,741	–	-1.72%	–
HD	Exit	HOME DEPOT INC	$0	–	-29,476	–	-1.72%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-60,783	–	-1.83%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-22,706	–	-1.85%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-15,158	–	-1.85%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-45,841	–	-1.87%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-2,842	–	-1.89%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-5,304	–	-1.93%	–
ABBV	Exit	ABBVIE INC	$0	–	-68,452	–	-1.96%	–
V	Exit	VISA INC	$0	–	-53,244	–	-1.99%	–
AVGO	Exit	BROADCOM LTD	$0	–	-26,183	–	-2.04%	–
AAPL	Exit	APPLE INC	$0	–	-42,599	–	-2.18%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-114,727	–	-2.54%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-89,177	–	-4.77%	–
UVSP	Exit	UNIVEST CORP PA	$0	–	-838,825	–	-8.87%	–

Q3 2016

			Value		Shares		↓ Weighting
UVSP	Buy	UNIVEST CORP PA	$19,595,000	+11.8%	838,825	+0.6%	8.87%	+11.0%
JNJ	Buy	JOHNSON & JOHNSON	$10,534,000	-2.3%	89,177	+0.3%	4.77%	-3.0%
XLU	Sell	SELECT SECTOR SPDR TRsbi int-utils	$5,620,000	-6.7%	114,727	-0.1%	2.54%	-7.4%
AAPL	Sell	APPLE INC	$4,816,000	+18.0%	42,599	-0.2%	2.18%	+17.2%
AVGO	Sell	BROADCOM LTD	$4,517,000	+9.7%	26,183	-1.2%	2.04%	+8.9%
V	Sell	VISA INC	$4,403,000	+11.4%	53,244	-0.1%	1.99%	+10.7%
ABBV	Buy	ABBVIE INC	$4,317,000	+2.2%	68,452	+0.4%	1.96%	+1.5%
GOOGL	Buy	ALPHABET INCcap stk cl a	$4,265,000	+14.6%	5,304	+0.3%	1.93%	+13.8%
PCLN	Buy	PRICELINE GRP INC	$4,182,000	+18.2%	2,842	+0.3%	1.89%	+17.4%
PNC	Buy	PNC FINL SVCS GROUP INC	$4,130,000	+11.6%	45,841	+0.8%	1.87%	+10.8%
ICE	Buy	INTERCONTINENTAL EXCHANGE IN	$4,083,000	+5.4%	15,158	+0.1%	1.85%	+4.6%
BDX	Sell	BECTON DICKINSON & CO	$4,081,000	+3.9%	22,706	-1.9%	1.85%	+3.2%
JPM	Sell	JPMORGAN CHASE & CO	$4,048,000	+7.0%	60,783	-0.2%	1.83%	+6.3%
AMGN	Buy	AMGEN INC	$3,793,000	+834.2%	22,741	+752.7%	1.72%	+828.6%
HD	Sell	HOME DEPOT INC	$3,793,000	+0.3%	29,476	-0.5%	1.72%	-0.3%
CMCSA	Buy	COMCAST CORP NEWcl a	$3,755,000	+1.9%	56,597	+0.1%	1.70%	+1.2%
KMB	Buy	KIMBERLY CLARK CORP	$3,718,000	-6.6%	29,478	+1.8%	1.68%	-7.2%
KO	Buy	COCA COLA CO	$3,699,000	-3.7%	87,410	+3.2%	1.68%	-4.3%
QCOM	Sell	QUALCOMM INC	$3,674,000	+27.6%	53,639	-0.2%	1.66%	+26.7%
DIS	Buy	DISNEY WALT CO	$3,673,000	-3.0%	39,558	+2.2%	1.66%	-3.7%
T	Sell	AT&T INC	$3,640,000	-7.6%	89,637	-1.7%	1.65%	-8.3%
COST	Sell	COSTCO WHSL CORP NEW	$3,534,000	-3.1%	23,172	-0.2%	1.60%	-3.8%
CVS	Buy	CVS HEALTH CORP	$3,515,000	-6.3%	39,503	+0.9%	1.59%	-6.9%
PM	Buy	PHILIP MORRIS INTL INC	$3,468,000	-3.2%	35,669	+1.3%	1.57%	-3.9%
FDX	Buy	FEDEX CORP	$3,459,000	+16.0%	19,802	+0.8%	1.57%	+15.1%
AET	Sell	AETNA INC NEW	$3,409,000	-5.9%	29,528	-0.5%	1.54%	-6.5%
MMM	Buy	3M CO	$3,407,000	+2.7%	19,330	+2.0%	1.54%	+2.0%
VZ	Buy	VERIZON COMMUNICATIONS INC	$3,347,000	-5.2%	64,383	+1.8%	1.52%	-5.8%
UNP	Sell	UNION PAC CORP	$3,308,000	+10.9%	33,921	-0.7%	1.50%	+10.1%
DFS	Sell	DISCOVER FINL SVCS	$3,299,000	+4.2%	58,333	-1.2%	1.49%	+3.5%
GILD	Buy	GILEAD SCIENCES INC	$3,282,000	-3.8%	41,475	+1.4%	1.49%	-4.4%
ALL	Buy	ALLSTATE CORP	$3,265,000	-0.6%	47,193	+0.5%	1.48%	-1.3%
TEL	Sell	TE CONNECTIVITY LTD	$3,218,000	+12.6%	49,988	-0.1%	1.46%	+11.8%
AMP	Sell	AMERIPRISE FINL INC	$3,196,000	+10.6%	32,035	-0.4%	1.45%	+9.9%
TROW	Buy	PRICE T ROWE GROUP INC	$3,175,000	-6.9%	47,750	+2.1%	1.44%	-7.5%
HON	Sell	HONEYWELL INTL INC	$3,117,000	+0.1%	26,737	-0.2%	1.41%	-0.6%
WFC	Buy	WELLS FARGO & CO NEW	$3,103,000	-6.0%	70,077	+0.5%	1.40%	-6.6%
AMAT	Sell	APPLIED MATLS INC	$3,086,000	+24.2%	102,351	-1.2%	1.40%	+23.3%
NKE	Buy	NIKE INCcl b	$2,924,000	-3.3%	55,533	+1.4%	1.32%	-4.0%
UTX	Sell	UNITED TECHNOLOGIES CORP	$2,908,000	-1.4%	28,619	-0.5%	1.32%	-2.0%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIOcl a	$2,832,000	-16.7%	59,362	-0.1%	1.28%	-17.3%
ABC	Buy	AMERISOURCEBERGEN CORP	$2,820,000	+2.9%	34,911	+1.1%	1.28%	+2.2%
EOG	Sell	EOG RES INC	$2,819,000	+15.4%	29,147	-0.5%	1.28%	+14.6%
TGT	Buy	TARGET CORP	$2,809,000	-1.2%	40,907	+0.5%	1.27%	-1.9%
ORCL	Buy	ORACLE CORP	$2,644,000	-4.0%	67,309	+0.1%	1.20%	-4.6%
APD	Buy	AIR PRODS & CHEMS INC	$2,635,000	+7.9%	17,525	+1.9%	1.19%	+7.2%
GD	Buy	GENERAL DYNAMICS CORP	$2,589,000	+13.5%	16,685	+1.8%	1.17%	+12.6%
OXY	Buy	OCCIDENTAL PETE CORP DEL	$2,587,000	-2.9%	35,471	+0.6%	1.17%	-3.6%
DOW	Buy	DOW CHEM CO	$2,510,000	+4.4%	48,429	+0.2%	1.14%	+3.7%
SLB	Buy	SCHLUMBERGER LTD	$2,500,000	+0.9%	31,789	+1.5%	1.13%	+0.3%
COP	Buy	CONOCOPHILLIPS	$2,414,000	-0.1%	55,528	+0.2%	1.09%	-0.8%
SU	Buy	SUNCOR ENERGY INC NEW	$2,315,000	+0.7%	83,341	+0.5%	1.05%	-0.1%
XOM	Sell	EXXON MOBIL CORP	$1,853,000	-14.1%	21,229	-7.7%	0.84%	-14.7%
PPL	Sell	PPL CORP	$1,392,000	-50.0%	40,274	-45.4%	0.63%	-50.4%
MRK	Sell	MERCK & CO INC	$1,256,000	+7.6%	20,128	-0.6%	0.57%	+7.0%
DD	Buy	DU PONT E I DE NEMOURS & CO	$953,000	+5.9%	14,233	+2.5%	0.43%	+5.4%
PG	Buy	PROCTER AND GAMBLE CO	$842,000	+12.1%	9,382	+5.8%	0.38%	+11.4%
GE	Sell	GENERAL ELECTRIC CO	$788,000	-22.1%	26,611	-17.2%	0.36%	-22.6%
LMT	Buy	LOCKHEED MARTIN CORP	$624,000	-1.6%	2,602	+1.9%	0.28%	-2.1%
KMI	Buy	KINDER MORGAN INC DEL	$528,000	+28.8%	22,826	+4.1%	0.24%	+27.8%
PFF	Sell	ISHARES TRu.s. pfd stk etf	$483,000	-4.7%	12,224	-3.9%	0.22%	-5.2%
CSCO	Buy	CISCO SYS INC	$479,000	+14.3%	15,110	+3.5%	0.22%	+13.6%
CAT	Sell	CATERPILLAR INC DEL	$448,000	+16.7%	5,049	-0.3%	0.20%	+16.0%
INTC	Buy	INTEL CORP	$435,000	+18.2%	11,532	+2.9%	0.20%	+17.3%
SO	Buy	SOUTHERN CO	$435,000	-0.9%	8,471	+3.6%	0.20%	-1.5%
CVX	Sell	CHEVRON CORP NEW	$428,000	-17.4%	4,154	-15.9%	0.19%	-17.8%
GIS	Buy	GENERAL MLS INC	$417,000	-2.3%	6,533	+9.1%	0.19%	-3.1%
PPG	Buy	PPG INDS INC	$412,000	+8.1%	3,985	+9.0%	0.19%	+7.5%
MO	Buy	ALTRIA GROUP INC	$410,000	+8.5%	6,479	+18.2%	0.19%	+8.1%
NSC	Buy	NORFOLK SOUTHERN CORP	$404,000	+17.1%	4,161	+2.7%	0.18%	+16.6%
WTR	Sell	AQUA AMERICA INC	$358,000	-21.3%	11,746	-7.8%	0.16%	-21.7%
EXC	Buy	EXELON CORP	$332,000	-7.0%	9,958	+1.5%	0.15%	-8.0%
MSFT	Sell	MICROSOFT CORP	$320,000	+10.7%	5,553	-1.8%	0.14%	+9.8%
PRU	Buy	PRUDENTIAL FINL INC	$314,000	+22.7%	3,849	+7.1%	0.14%	+21.4%
BND	Buy	VANGUARD BD INDEX FD INCtotal bnd mrkt	$290,000	+12.8%	3,452	+13.4%	0.13%	+12.0%
CI	Sell	CIGNA CORPORATION	$286,000	-7.4%	2,192	-9.3%	0.13%	-7.8%
PAYX	Buy	PAYCHEX INC	$281,000	-2.4%	4,856	+0.5%	0.13%	-3.1%
ETR	Buy	ENTERGY CORP NEW	$271,000	-3.9%	3,529	+1.9%	0.12%	-4.7%
MCD	Buy	MCDONALDS CORP	$271,000	+8.4%	2,352	+13.1%	0.12%	+7.9%
PFE	New	PFIZER INC	$238,000	–	7,033	–	0.11%	–
BP	Sell	BP PLCsponsored adr	$235,000	-3.7%	6,686	-2.8%	0.11%	-4.5%
SBUX	Buy	STARBUCKS CORP	$207,000	-2.8%	3,820	+2.3%	0.09%	-3.1%
BAC	Buy	BANK AMER CORP	$205,000	+20.6%	13,091	+1.9%	0.09%	+19.2%
HARL	Sell	HARLEYSVILLE SVS. FIN. CORP	$194,000	-7.6%	10,554	-9.1%	0.09%	-8.3%
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-2,742	–	-0.09%	–
FISV	Exit	FISERV INC	$0	–	-1,935	–	-0.10%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.10%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,915	–	-0.13%	–
EMC	Exit	E M C CORP MASS	$0	–	-114,154	–	-1.41%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-41,770	–	-1.44%	–

Q2 2016

			Value		Shares		↓ Weighting
UVSP	New	UNIVEST CORP PA	$17,529,000	–	833,903	–	7.99%	–
JNJ	New	JOHNSON & JOHNSON	$10,781,000	–	88,880	–	4.92%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$6,025,000	–	114,819	–	2.75%	–
ABBV	New	ABBVIE INC	$4,223,000	–	68,209	–	1.93%	–
AVGO	New	BROADCOM LTD	$4,118,000	–	26,501	–	1.88%	–
AAPL	New	APPLE INC	$4,082,000	–	42,700	–	1.86%	–
KMB	New	KIMBERLY CLARK CORP	$3,979,000	–	28,944	–	1.81%	–
V	New	VISA INC	$3,951,000	–	53,273	–	1.80%	–
T	New	AT&T INC	$3,940,000	–	91,182	–	1.80%	–
BDX	New	BECTON DICKINSON & CO	$3,926,000	–	23,149	–	1.79%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$3,875,000	–	15,141	–	1.77%	–
KO	New	COCA COLA CO	$3,840,000	–	84,702	–	1.75%	–
DIS	New	DISNEY WALT CO	$3,785,000	–	38,694	–	1.73%	–
JPM	New	JPMORGAN CHASE & CO	$3,783,000	–	60,878	–	1.72%	–
HD	New	HOME DEPOT INC	$3,781,000	–	29,612	–	1.72%	–
CVS	New	CVS HEALTH CORP	$3,750,000	–	39,166	–	1.71%	–
GOOGL	New	ALPHABET INCcap stk cl a	$3,721,000	–	5,289	–	1.70%	–
PNC	New	PNC FINL SVCS GROUP INC	$3,700,000	–	45,460	–	1.69%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,685,000	–	56,524	–	1.68%	–
COST	New	COSTCO WHSL CORP NEW	$3,648,000	–	23,228	–	1.66%	–
AET	New	AETNA INC NEW	$3,623,000	–	29,666	–	1.65%	–
PM	New	PHILIP MORRIS INTL INC	$3,582,000	–	35,218	–	1.63%	–
PCLN	New	PRICELINE GRP INC	$3,537,000	–	2,833	–	1.61%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,531,000	–	63,228	–	1.61%	–
GILD	New	GILEAD SCIENCES INC	$3,411,000	–	40,885	–	1.56%	–
TROW	New	PRICE T ROWE GROUP INC	$3,411,000	–	46,748	–	1.56%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$3,400,000	–	59,404	–	1.55%	–
MMM	New	3M CO	$3,319,000	–	18,954	–	1.51%	–
WFC	New	WELLS FARGO & CO NEW	$3,301,000	–	69,744	–	1.50%	–
ALL	New	ALLSTATE CORP	$3,286,000	–	46,973	–	1.50%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$3,166,000	–	41,770	–	1.44%	–
DFS	New	DISCOVER FINL SVCS	$3,165,000	–	59,059	–	1.44%	–
HON	New	HONEYWELL INTL INC	$3,115,000	–	26,780	–	1.42%	–
EMC	New	E M C CORP MASS	$3,102,000	–	114,154	–	1.41%	–
NKE	New	NIKE INCcl b	$3,024,000	–	54,790	–	1.38%	–
FDX	New	FEDEX CORP	$2,982,000	–	19,649	–	1.36%	–
UNP	New	UNION PAC CORP	$2,982,000	–	34,173	–	1.36%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,948,000	–	28,750	–	1.34%	–
AMP	New	AMERIPRISE FINL INC	$2,889,000	–	32,156	–	1.32%	–
QCOM	New	QUALCOMM INC	$2,879,000	–	53,744	–	1.31%	–
TEL	New	TE CONNECTIVITY LTD	$2,857,000	–	50,022	–	1.30%	–
TGT	New	TARGET CORP	$2,843,000	–	40,712	–	1.30%	–
PPL	New	PPL CORP	$2,786,000	–	73,809	–	1.27%	–
ORCL	New	ORACLE CORP	$2,753,000	–	67,254	–	1.26%	–
ABC	New	AMERISOURCEBERGEN CORP	$2,740,000	–	34,547	–	1.25%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$2,665,000	–	35,267	–	1.22%	–
AMAT	New	APPLIED MATLS INC	$2,484,000	–	103,637	–	1.13%	–
SLB	New	SCHLUMBERGER LTD	$2,477,000	–	31,322	–	1.13%	–
EOG	New	EOG RES INC	$2,443,000	–	29,287	–	1.11%	–
APD	New	AIR PRODS & CHEMS INC	$2,442,000	–	17,194	–	1.11%	–
COP	New	CONOCOPHILLIPS	$2,416,000	–	55,413	–	1.10%	–
DOW	New	DOW CHEM CO	$2,404,000	–	48,356	–	1.10%	–
SU	New	SUNCOR ENERGY INC NEW	$2,300,000	–	82,932	–	1.05%	–
GD	New	GENERAL DYNAMICS CORP	$2,282,000	–	16,386	–	1.04%	–
XOM	New	EXXON MOBIL CORP	$2,157,000	–	23,008	–	0.98%	–
EFX	New	EQUIFAX INC	$1,354,000	–	10,544	–	0.62%	–
MRK	New	MERCK & CO INC	$1,167,000	–	20,251	–	0.53%	–
GE	New	GENERAL ELECTRIC CO	$1,011,000	–	32,129	–	0.46%	–
DD	New	DU PONT E I DE NEMOURS & CO	$900,000	–	13,883	–	0.41%	–
PG	New	PROCTER & GAMBLE CO	$751,000	–	8,867	–	0.34%	–
LMT	New	LOCKHEED MARTIN CORP	$634,000	–	2,554	–	0.29%	–
CVX	New	CHEVRON CORP NEW	$518,000	–	4,941	–	0.24%	–
PFF	New	ISHARES TRu.s. pfd stk etf	$507,000	–	12,715	–	0.23%	–
WTR	New	AQUA AMERICA INC	$455,000	–	12,746	–	0.21%	–
BMTC	New	BRYN MAWR BK CORP	$442,000	–	15,120	–	0.20%	–
SO	New	SOUTHERN CO	$439,000	–	8,177	–	0.20%	–
GIS	New	GENERAL MLS INC	$427,000	–	5,986	–	0.20%	–
CSCO	New	CISCO SYS INC	$419,000	–	14,596	–	0.19%	–
KMI	New	KINDER MORGAN INC DEL	$410,000	–	21,925	–	0.19%	–
AMGN	New	AMGEN INC	$406,000	–	2,667	–	0.18%	–
CAT	New	CATERPILLAR INC DEL	$384,000	–	5,064	–	0.18%	–
PPG	New	PPG INDS INC	$381,000	–	3,657	–	0.17%	–
MO	New	ALTRIA GROUP INC	$378,000	–	5,483	–	0.17%	–
INTC	New	INTEL CORP	$368,000	–	11,212	–	0.17%	–
EXC	New	EXELON CORP	$357,000	–	9,814	–	0.16%	–
NSC	New	NORFOLK SOUTHERN CORP	$345,000	–	4,051	–	0.16%	–
CI	New	CIGNA CORPORATION	$309,000	–	2,417	–	0.14%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$291,000	–	1,915	–	0.13%	–
MSFT	New	MICROSOFT CORP	$289,000	–	5,652	–	0.13%	–
PAYX	New	PAYCHEX INC	$288,000	–	4,832	–	0.13%	–
ETR	New	ENTERGY CORP NEW	$282,000	–	3,463	–	0.13%	–
HSY	New	HERSHEY CO	$261,000	–	2,300	–	0.12%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$257,000	–	3,043	–	0.12%	–
PRU	New	PRUDENTIAL FINL INC	$256,000	–	3,595	–	0.12%	–
MCD	New	MCDONALDS CORP	$250,000	–	2,079	–	0.11%	–
UGI	New	UGI CORP NEW	$244,000	–	5,400	–	0.11%	–
BP	New	BP PLCsponsored adr	$244,000	–	6,876	–	0.11%	–
PEP	New	PEPSICO INC	$240,000	–	2,267	–	0.11%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$217,000	–	1	–	0.10%	–
SBUX	New	STARBUCKS CORP	$213,000	–	3,734	–	0.10%	–
FISV	New	FISERV INC	$210,000	–	1,935	–	0.10%	–
HARL	New	Harleysville Svng Fin Corp.	$210,000	–	11,614	–	0.10%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$202,000	–	2,742	–	0.09%	–
BAC	New	BANK AMER CORP	$170,000	–	12,843	–	0.08%	–

Q4 2015

			Value		Shares		↓ Weighting
BAC	Exit	BANK AMER CORP	$0	–	-10,293	–	-0.08%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-3,585	–	-0.10%	–
PEP	Exit	PEPSICO INC	$0	–	-2,174	–	-0.10%	–
HSY	Exit	HERSHEY CO	$0	–	-2,300	–	-0.10%	–
HARL	Exit	HARLEYSVILLE SVG. FIN. CORP.	$0	–	-11,816	–	-0.11%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-2,754	–	-0.11%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-4,026	–	-0.11%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-3,808	–	-0.12%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-5,685	–	-0.12%	–
MCD	Exit	MCDONALDS CORP	$0	–	-2,909	–	-0.14%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,044	–	-0.14%	–
PAYX	Exit	PAYCHEX INC	$0	–	-6,425	–	-0.15%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-4,051	–	-0.15%	–
PPG	Exit	PPG INDS INC	$0	–	-3,600	–	-0.16%	–
GIS	Exit	GENERAL MLS INC	$0	–	-6,010	–	-0.16%	–
INTC	Exit	INTEL CORP	$0	–	-11,207	–	-0.16%	–
CI	Exit	CIGNA CORPORATION	$0	–	-2,585	–	-0.17%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-4,584	–	-0.18%	–
CSCO	Exit	CISCO SYS INC	$0	–	-14,045	–	-0.18%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-14,246	–	-0.18%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-4,992	–	-0.19%	–
NFLX	Exit	NETFLIX INC	$0	–	-3,940	–	-0.20%	–
EXC	Exit	EXELON CORP	$0	–	-14,611	–	-0.21%	–
BMTC	Exit	BRYN MAWR BK CORP	$0	–	-15,120	–	-0.23%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-20,618	–	-0.25%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,877	–	-0.29%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-12,758	–	-0.30%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-9,203	–	-0.32%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-20,167	–	-0.49%	–
EFX	Exit	EQUIFAX INC	$0	–	-10,544	–	-0.50%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-20,407	–	-0.74%	–
EOG	Exit	EOG RES INC	$0	–	-25,514	–	-0.91%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-28,719	–	-0.93%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-40,510	–	-0.95%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-73,230	–	-0.96%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-28,929	–	-0.98%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-139,840	–	-1.00%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-26,419	–	-1.03%	–
PSX	Exit	PHILLIPS 66	$0	–	-28,896	–	-1.09%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-17,831	–	-1.11%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-36,205	–	-1.16%	–
DOW	Exit	DOW CHEM CO	$0	–	-56,073	–	-1.16%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-54,934	–	-1.17%	–
T	Exit	AT&T INC	$0	–	-75,920	–	-1.21%	–
PPL	Exit	PPL CORP	$0	–	-75,692	–	-1.22%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-28,292	–	-1.23%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-28,174	–	-1.31%	–
QCOM	Exit	QUALCOMM INC	$0	–	-50,422	–	-1.33%	–
ORCL	Exit	ORACLE CORP	$0	–	-76,642	–	-1.36%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-29,605	–	-1.40%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-12,783	–	-1.44%	–
MMM	Exit	3M CO	$0	–	-20,871	–	-1.45%	–
UNP	Exit	UNION PAC CORP	$0	–	-33,508	–	-1.45%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-49,998	–	-1.46%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-20,865	–	-1.48%	–
EMC	Exit	E M C CORP MASS	$0	–	-129,730	–	-1.53%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-45,145	–	-1.54%	–
KO	Exit	COCA COLA CO	$0	–	-80,125	–	-1.57%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-62,374	–	-1.59%	–
ALL	Exit	ALLSTATE CORP	$0	–	-56,010	–	-1.60%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-34,409	–	-1.60%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-30,126	–	-1.61%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-30,515	–	-1.63%	–
ABBV	Exit	ABBVIE INC	$0	–	-62,451	–	-1.66%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-42,035	–	-1.66%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-55,699	–	-1.71%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-68,381	–	-1.72%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-5,518	–	-1.72%	–
CMCSK	Exit	COMCAST CORP NEWcl a spl	$0	–	-62,496	–	-1.75%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-15,281	–	-1.76%	–
AET	Exit	AETNA INC NEW	$0	–	-32,845	–	-1.76%	–
TGT	Exit	TARGET CORP	$0	–	-45,951	–	-1.77%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-27,476	–	-1.78%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-63,574	–	-1.90%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-39,792	–	-1.91%	–
V	Exit	VISA INC	$0	–	-56,671	–	-1.93%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-3,283	–	-1.99%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-45,676	–	-1.99%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-96,859	–	-2.05%	–
BRCM	Exit	BROADCOM CORPcl a	$0	–	-81,604	–	-2.05%	–
NKE	Exit	NIKE INCcl b	$0	–	-34,418	–	-2.07%	–
HD	Exit	HOME DEPOT INC	$0	–	-36,642	–	-2.07%	–
DIS	Exit	DISNEY WALT CO	$0	–	-41,470	–	-2.07%	–
AAPL	Exit	APPLE INC	$0	–	-42,038	–	-2.27%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-90,913	–	-4.15%	–
UVSP	Exit	UNIVEST CORP PA	$0	–	-885,828	–	-8.33%	–

Q3 2015

			Value		Shares		↓ Weighting
UVSP	Sell	UNIVEST CORP PA	$17,026,000	-7.7%	885,828	-2.2%	8.33%	-1.6%
JNJ	Sell	JOHNSON & JOHNSON	$8,487,000	-4.3%	90,913	-0.1%	4.15%	+2.0%
AAPL	Buy	APPLE INC	$4,637,000	-11.0%	42,038	+1.1%	2.27%	-5.2%
DIS	Buy	DISNEY WALT CO	$4,238,000	-8.4%	41,470	+2.3%	2.07%	-2.4%
NKE	Sell	NIKE INCcl b	$4,232,000	+4.2%	34,418	-8.5%	2.07%	+11.0%
HD	Sell	HOME DEPOT INC	$4,232,000	-3.6%	36,642	-7.2%	2.07%	+2.8%
BRCM	Sell	BROADCOM CORPcl a	$4,197,000	-1.6%	81,604	-1.5%	2.05%	+4.8%
XLU	Sell	SELECT SECTOR SPDR TRsbi int-utils	$4,193,000	+0.1%	96,859	-4.1%	2.05%	+6.7%
PNC	Buy	PNC FINL SVCS GROUP INC	$4,074,000	-5.8%	45,676	+1.0%	1.99%	+0.4%
PCLN	Sell	PRICELINE GRP INC	$4,061,000	+5.9%	3,283	-1.4%	1.99%	+12.8%
V	Sell	VISA INC	$3,948,000	-6.7%	56,671	-10.0%	1.93%	-0.6%
GILD	Buy	GILEAD SCIENCES INC	$3,907,000	-14.2%	39,792	+2.3%	1.91%	-8.6%
JPM	Buy	JPMORGAN CHASE & CO	$3,876,000	-9.6%	63,574	+0.5%	1.90%	-3.7%
BDX	Sell	BECTON DICKINSON & CO	$3,645,000	-8.2%	27,476	-1.9%	1.78%	-2.1%
TGT	Sell	TARGET CORP	$3,615,000	-6.0%	45,951	-2.4%	1.77%	+0.2%
AET	Sell	AETNA INC NEW	$3,594,000	-22.2%	32,845	-9.4%	1.76%	-17.1%
ICE	Sell	INTERCONTINENTAL EXCHANGE IN	$3,591,000	+3.2%	15,281	-1.8%	1.76%	+9.9%
CMCSK	Sell	COMCAST CORP NEWcl a spl	$3,577,000	-8.5%	62,496	-4.2%	1.75%	-2.5%
GOOGL	Sell	GOOGLE INCcl a	$3,523,000	+14.6%	5,518	-3.1%	1.72%	+22.1%
WFC	Sell	WELLS FARGO & CO NEW	$3,511,000	-9.1%	68,381	-0.4%	1.72%	-3.2%
CTSH	Buy	COGNIZANT TECHNOLOGY SOLUTIOcl a	$3,487,000	+9.7%	55,699	+7.0%	1.71%	+16.8%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$3,403,000	-13.9%	42,035	-5.5%	1.66%	-8.3%
ABBV	Sell	ABBVIE INC	$3,398,000	-23.1%	62,451	-5.1%	1.66%	-18.1%
KMB	Sell	KIMBERLY CLARK CORP	$3,327,000	-4.1%	30,515	-6.8%	1.63%	+2.1%
AMP	Buy	AMERIPRISE FINL INC	$3,288,000	-3.6%	30,126	+10.3%	1.61%	+2.7%
ABC	Sell	AMERISOURCEBERGEN CORP	$3,269,000	-12.3%	34,409	-1.9%	1.60%	-6.5%
ALL	Buy	ALLSTATE CORP	$3,262,000	-2.3%	56,010	+8.8%	1.60%	+4.0%
DFS	Buy	DISCOVER FINL SVCS	$3,243,000	-6.6%	62,374	+3.5%	1.59%	-0.5%
KO	Sell	COCA COLA CO	$3,215,000	-1.2%	80,125	-3.4%	1.57%	+5.2%
TROW	New	PRICE T ROWE GROUP INC	$3,138,000	–	45,145	–	1.54%	–
EMC	Sell	E M C CORP MASS	$3,134,000	-10.5%	129,730	-2.2%	1.53%	-4.6%
COST	Sell	COSTCO WHSL CORP NEW	$3,016,000	-3.3%	20,865	-9.7%	1.48%	+3.0%
TEL	Buy	TE CONNECTIVITY LTD	$2,994,000	+10.6%	49,998	+18.8%	1.46%	+17.9%
UNP	Buy	UNION PAC CORP	$2,962,000	-3.8%	33,508	+3.8%	1.45%	+2.5%
MMM	Buy	3M CO	$2,959,000	-6.9%	20,871	+1.3%	1.45%	-0.8%
PCP	Sell	PRECISION CASTPARTS CORP	$2,936,000	+12.6%	12,783	-2.0%	1.44%	+20.1%
CVS	Sell	CVS HEALTH CORP	$2,856,000	-8.1%	29,605	-0.1%	1.40%	-2.0%
ORCL	Sell	ORACLE CORP	$2,768,000	-12.4%	76,642	-2.3%	1.36%	-6.6%
QCOM	Buy	QUALCOMM INC	$2,709,000	-13.7%	50,422	+0.6%	1.33%	-8.0%
HON	Sell	HONEYWELL INTL INC	$2,668,000	-13.7%	28,174	-7.1%	1.31%	-8.0%
UTX	Buy	UNITED TECHNOLOGIES CORP	$2,518,000	-11.2%	28,292	+10.7%	1.23%	-5.4%
PPL	Sell	PPL CORP	$2,490,000	+10.9%	75,692	-0.6%	1.22%	+18.2%
T	New	AT&T INC	$2,473,000	–	75,920	–	1.21%	–
VZ	Sell	VERIZON COMMUNICATIONS INC	$2,390,000	-7.5%	54,934	-0.9%	1.17%	-1.4%
DOW	Buy	DOW CHEM CO	$2,377,000	+942.5%	56,073	+1155.8%	1.16%	+1007.6%
CAT	Buy	CATERPILLAR INC DEL	$2,366,000	-22.4%	36,205	+0.7%	1.16%	-17.3%
APD	Sell	AIR PRODS & CHEMS INC	$2,275,000	-17.9%	17,831	-11.9%	1.11%	-12.5%
PSX	Sell	PHILLIPS 66	$2,220,000	-19.8%	28,896	-15.9%	1.09%	-14.6%
PM	Sell	PHILIP MORRIS INTL INC	$2,096,000	-2.8%	26,419	-1.8%	1.03%	+3.5%
AMAT	Sell	APPLIED MATLS INC	$2,054,000	-27.1%	139,840	-4.6%	1.00%	-22.3%
SLB	Sell	SCHLUMBERGER LTD	$1,995,000	-23.7%	28,929	-4.6%	0.98%	-18.7%
SU	Sell	SUNCOR ENERGY INC NEW	$1,957,000	-12.5%	73,230	-9.9%	0.96%	-6.7%
COP	Buy	CONOCOPHILLIPS	$1,943,000	-19.1%	40,510	+3.6%	0.95%	-13.8%
OXY	Sell	OCCIDENTAL PETE CORP DEL	$1,900,000	-24.0%	28,719	-10.7%	0.93%	-19.0%
EOG	Sell	EOG RES INC	$1,857,000	-27.0%	25,514	-12.2%	0.91%	-22.2%
XOM	Sell	EXXON MOBIL CORP	$1,517,000	-17.6%	20,407	-7.8%	0.74%	-12.3%
EFX	New	EQUIFAX INC	$1,025,000	–	10,544	–	0.50%	–
MRK	Sell	MERCK & CO INC NEW	$996,000	-13.2%	20,167	-0.0%	0.49%	-7.6%
PG	Sell	PROCTER & GAMBLE CO	$662,000	-10.8%	9,203	-3.0%	0.32%	-5.0%
DD	Buy	DU PONT E I DE NEMOURS & CO	$615,000	-24.4%	12,758	+0.3%	0.30%	-19.5%
LMT	Buy	LOCKHEED MARTIN CORP	$596,000	+12.7%	2,877	+1.1%	0.29%	+20.2%
GE	Sell	GENERAL ELECTRIC CO	$520,000	-9.9%	20,618	-5.0%	0.25%	-4.2%
EXC	Buy	EXELON CORP	$434,000	+26.2%	14,611	+33.3%	0.21%	+34.2%
NFLX	Buy	NETFLIX INC	$407,000	+10.6%	3,940	+603.6%	0.20%	+17.8%
PRU	Buy	PRUDENTIAL FINL INC	$380,000	-12.0%	4,992	+1.1%	0.19%	-6.1%
WTR	Buy	AQUA AMERICA INC	$377,000	+25.2%	14,246	+16.0%	0.18%	+34.1%
CSCO	Sell	CISCO SYS INC	$369,000	-4.7%	14,045	-0.3%	0.18%	+1.7%
CVX	Buy	CHEVRON CORP NEW	$362,000	-13.6%	4,584	+5.6%	0.18%	-7.8%
CI	Sell	CIGNA CORPORATION	$349,000	-19.8%	2,585	-3.7%	0.17%	-14.5%
INTC	Buy	INTEL CORP	$338,000	+14.6%	11,207	+15.4%	0.16%	+22.2%
GIS	Buy	GENERAL MLS INC	$337,000	+2.1%	6,010	+1.5%	0.16%	+8.6%
NSC	Sell	NORFOLK SOUTHERN CORP	$309,000	-18.7%	4,051	-6.9%	0.15%	-13.7%
PAYX	Buy	PAYCHEX INC	$306,000	+4.4%	6,425	+2.7%	0.15%	+11.1%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$296,000	-10.8%	2,044	+0.2%	0.14%	-4.6%
MCD	Buy	MCDONALDS CORP	$287,000	+5.5%	2,909	+1.7%	0.14%	+12.0%
MSFT	Buy	MICROSOFT CORP	$252,000	+4.6%	5,685	+4.2%	0.12%	+10.8%
ETR	Buy	ENTERGY CORP NEW	$248,000	-3.9%	3,808	+3.9%	0.12%	+2.5%
SBUX	Buy	STARBUCKS CORP	$229,000	+11.2%	4,026	+4.9%	0.11%	+17.9%
BND	Sell	VANGUARD BD INDEX FD INCtotal bnd mrkt	$226,000	+0.4%	2,754	-0.5%	0.11%	+7.8%
CMCSA	Sell	COMCAST CORP NEWcl a	$204,000	-11.7%	3,585	-6.5%	0.10%	-5.7%
BAC	Buy	BANK AMER CORP	$160,000	-8.0%	10,293	+0.8%	0.08%	-2.5%
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.09%	–
AMGN	Exit	AMGEN INC	$0	–	-1,360	–	-0.10%	–
MON	Exit	MONSANTO CO NEW	$0	–	-22,949	–	-1.12%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-62,514	–	-1.41%	–

Q2 2015

			Value		Shares		↓ Weighting
UVSP	New	UNIVEST CORP PA	$18,444,000	–	905,876	–	8.47%	–
JNJ	New	JOHNSON & JOHNSON	$8,870,000	–	91,009	–	4.07%	–
AAPL	New	APPLE INC	$5,213,000	–	41,562	–	2.39%	–
DIS	New	DISNEY WALT CO	$4,628,000	–	40,551	–	2.13%	–
AET	New	AETNA INC NEW	$4,621,000	–	36,252	–	2.12%	–
GILD	New	GILEAD SCIENCES INC	$4,553,000	–	38,889	–	2.09%	–
ABBV	New	ABBVIE INC	$4,421,000	–	65,794	–	2.03%	–
HD	New	HOME DEPOT INC	$4,388,000	–	39,489	–	2.02%	–
PNC	New	PNC FINL SVCS GROUP INC	$4,326,000	–	45,231	–	1.99%	–
JPM	New	JPMORGAN CHASE & CO	$4,288,000	–	63,277	–	1.97%	–
BRCM	New	BROADCOM CORPcl a	$4,267,000	–	82,877	–	1.96%	–
V	New	VISA INC	$4,230,000	–	62,992	–	1.94%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$4,189,000	–	101,034	–	1.92%	–
NKE	New	NIKE INCcl b	$4,063,000	–	37,612	–	1.87%	–
BDX	New	BECTON DICKINSON & CO	$3,969,000	–	28,017	–	1.82%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$3,954,000	–	44,461	–	1.82%	–
CMCSK	New	COMCAST CORP NEWcl a spl	$3,910,000	–	65,235	–	1.80%	–
WFC	New	WELLS FARGO & CO NEW	$3,863,000	–	68,685	–	1.77%	–
TGT	New	TARGET CORP	$3,844,000	–	47,086	–	1.77%	–
PCLN	New	PRICELINE GRP INC	$3,835,000	–	3,331	–	1.76%	–
ABC	New	AMERISOURCEBERGEN CORP	$3,728,000	–	35,061	–	1.71%	–
EMC	New	E M C CORP MASS	$3,502,000	–	132,685	–	1.61%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$3,480,000	–	15,562	–	1.60%	–
DFS	New	DISCOVER FINL SVCS	$3,473,000	–	60,268	–	1.60%	–
KMB	New	KIMBERLY CLARK CORP	$3,470,000	–	32,748	–	1.59%	–
AMP	New	AMERIPRISE FINL INC	$3,411,000	–	27,305	–	1.57%	–
ALL	New	ALLSTATE CORP	$3,340,000	–	51,489	–	1.53%	–
KO	New	COCA COLA CO	$3,255,000	–	82,973	–	1.50%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$3,180,000	–	52,047	–	1.46%	–
MMM	New	3M CO	$3,179,000	–	20,600	–	1.46%	–
ORCL	New	ORACLE CORP	$3,160,000	–	78,408	–	1.45%	–
QCOM	New	QUALCOMM INC	$3,139,000	–	50,116	–	1.44%	–
COST	New	COSTCO WHSL CORP NEW	$3,119,000	–	23,094	–	1.43%	–
CVS	New	CVS HEALTH CORP	$3,107,000	–	29,623	–	1.43%	–
HON	New	HONEYWELL INTL INC	$3,091,000	–	30,316	–	1.42%	–
UNP	New	UNION PAC CORP	$3,079,000	–	32,281	–	1.41%	–
GOOGL	New	GOOGLE INCcl a	$3,074,000	–	5,692	–	1.41%	–
BEN	New	FRANKLIN RES INC	$3,065,000	–	62,514	–	1.41%	–
CAT	New	CATERPILLAR INC DEL	$3,049,000	–	35,951	–	1.40%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,835,000	–	25,561	–	1.30%	–
AMAT	New	APPLIED MATLS INC	$2,818,000	–	146,600	–	1.29%	–
APD	New	AIR PRODS & CHEMS INC	$2,770,000	–	20,246	–	1.27%	–
PSX	New	PHILLIPS 66	$2,769,000	–	34,369	–	1.27%	–
TEL	New	TE CONNECTIVITY LTD	$2,706,000	–	42,081	–	1.24%	–
SLB	New	SCHLUMBERGER LTD	$2,613,000	–	30,318	–	1.20%	–
PCP	New	PRECISION CASTPARTS CORP	$2,607,000	–	13,045	–	1.20%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,585,000	–	55,452	–	1.19%	–
EOG	New	EOG RES INC	$2,544,000	–	29,057	–	1.17%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$2,500,000	–	32,151	–	1.15%	–
MON	New	MONSANTO CO NEW	$2,446,000	–	22,949	–	1.12%	–
COP	New	CONOCOPHILLIPS	$2,401,000	–	39,104	–	1.10%	–
PPL	New	PPL CORP	$2,245,000	–	76,178	–	1.03%	–
SU	New	SUNCOR ENERGY INC NEW	$2,236,000	–	81,244	–	1.03%	–
PM	New	PHILIP MORRIS INTL INC	$2,157,000	–	26,911	–	0.99%	–
XOM	New	EXXON MOBIL CORP	$1,842,000	–	22,139	–	0.85%	–
MRK	New	MERCK & CO INC NEW	$1,148,000	–	20,172	–	0.53%	–
DD	New	DU PONT E I DE NEMOURS & CO	$814,000	–	12,725	–	0.37%	–
PG	New	PROCTER & GAMBLE CO	$742,000	–	9,484	–	0.34%	–
GE	New	GENERAL ELECTRIC CO	$577,000	–	21,698	–	0.26%	–
LMT	New	LOCKHEED MARTIN CORP	$529,000	–	2,845	–	0.24%	–
BMTC	New	BRYN MAWR BK CORP	$456,000	–	15,120	–	0.21%	–
CI	New	CIGNA CORPORATION	$435,000	–	2,685	–	0.20%	–
PRU	New	PRUDENTIAL FINL INC	$432,000	–	4,936	–	0.20%	–
CVX	New	CHEVRON CORP NEW	$419,000	–	4,340	–	0.19%	–
PPG	New	PPG INDS INC	$413,000	–	3,600	–	0.19%	–
CSCO	New	CISCO SYS INC	$387,000	–	14,090	–	0.18%	–
NSC	New	NORFOLK SOUTHERN CORP	$380,000	–	4,351	–	0.18%	–
NFLX	New	NETFLIX INC	$368,000	–	560	–	0.17%	–
EXC	New	EXELON CORP	$344,000	–	10,960	–	0.16%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$332,000	–	2,040	–	0.15%	–
GIS	New	GENERAL MLS INC	$330,000	–	5,922	–	0.15%	–
WTR	New	AQUA AMERICA INC	$301,000	–	12,276	–	0.14%	–
INTC	New	INTEL CORP	$295,000	–	9,714	–	0.14%	–
PAYX	New	PAYCHEX INC	$293,000	–	6,258	–	0.14%	–
MCD	New	MCDONALDS CORP	$272,000	–	2,860	–	0.12%	–
ETR	New	ENTERGY CORP NEW	$258,000	–	3,665	–	0.12%	–
MSFT	New	MICROSOFT CORP	$241,000	–	5,454	–	0.11%	–
CMCSA	New	COMCAST CORP NEWcl a	$231,000	–	3,834	–	0.11%	–
DOW	New	DOW CHEM CO	$228,000	–	4,465	–	0.10%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$225,000	–	2,769	–	0.10%	–
HARL	New	HARLEYSVILLE SVG. FIN. CORP.	$221,000	–	11,816	–	0.10%	–
AMGN	New	AMGEN INC	$209,000	–	1,360	–	0.10%	–
SBUX	New	STARBUCKS CORP	$206,000	–	3,838	–	0.10%	–
HSY	New	HERSHEY CO	$204,000	–	2,300	–	0.09%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$205,000	–	1	–	0.09%	–
PEP	New	PEPSICO INC	$203,000	–	2,174	–	0.09%	–
BAC	New	BANK AMER CORP	$174,000	–	10,213	–	0.08%	–

Q4 2014

			Value		Shares		↓ Weighting
HARL	Exit	Harleysville Savings Financial	$0	–	-11,964	–	-0.09%	–
BAC	Exit	BANK AMER CORP	$0	–	-11,907	–	-0.10%	–
MS	Exit	MORGAN STANLEY	$0	–	-5,887	–	-0.10%	–
HAL	Exit	HALLIBURTON CO	$0	–	-3,215	–	-0.10%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.10%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-361	–	-0.10%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-4,021	–	-0.10%	–
HSY	Exit	HERSHEY CO	$0	–	-2,500	–	-0.11%	–
MCD	Exit	MCDONALDS CORP	$0	–	-2,612	–	-0.12%	–
NFLX	Exit	NETFLIX INC	$0	–	-560	–	-0.12%	–
PEP	Exit	PEPSICO INC	$0	–	-2,757	–	-0.12%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-3,494	–	-0.13%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-6,784	–	-0.15%	–
PPG	Exit	PPG INDS INC	$0	–	-1,800	–	-0.17%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-15,276	–	-0.17%	–
PAYX	Exit	PAYCHEX INC	$0	–	-8,768	–	-0.18%	–
EXC	Exit	EXELON CORP	$0	–	-11,628	–	-0.19%	–
INTC	Exit	INTEL CORP	$0	–	-14,332	–	-0.23%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,973	–	-0.26%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-3,217	–	-0.28%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-5,364	–	-0.30%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-6,920	–	-0.36%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-32,422	–	-0.39%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-12,133	–	-0.41%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-23,904	–	-0.66%	–
TEL	Exit	TE CONNECTIVITY LTD	$0	–	-27,771	–	-0.72%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-22,287	–	-0.87%	–
PPL	Exit	PPL CORP	$0	–	-64,357	–	-0.99%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-23,992	–	-1.06%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-22,646	–	-1.14%	–
PSX	Exit	PHILLIPS 66	$0	–	-30,557	–	-1.16%	–
GIS	Exit	GENERAL MLS INC	$0	–	-50,876	–	-1.20%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-58,080	–	-1.22%	–
T	Exit	AT&T INC	$0	–	-74,778	–	-1.24%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-25,174	–	-1.25%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-11,520	–	-1.28%	–
EOG	Exit	EOG RES INC	$0	–	-27,622	–	-1.28%	–
TGT	Exit	TARGET CORP	$0	–	-43,726	–	-1.28%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-22,229	–	-1.31%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-36,186	–	-1.31%	–
MON	Exit	MONSANTO CO NEW	$0	–	-25,037	–	-1.32%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-30,454	–	-1.33%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-21,936	–	-1.34%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-38,089	–	-1.37%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-58,620	–	-1.37%	–
KORS	Exit	MICHAEL KORS HLDGS LTD	$0	–	-41,221	–	-1.38%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-81,625	–	-1.38%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-29,390	–	-1.40%	–
MMM	Exit	3M CO	$0	–	-21,184	–	-1.41%	–
KO	Exit	COCA COLA CO	$0	–	-70,946	–	-1.42%	–
AET	Exit	AETNA INC NEW	$0	–	-37,822	–	-1.44%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-31,250	–	-1.45%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-56,921	–	-1.46%	–
CMCSK	Exit	COMCAST CORP NEWcl a spl	$0	–	-58,525	–	-1.47%	–
ORCL	Exit	ORACLE CORP	$0	–	-82,140	–	-1.47%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-44,579	–	-1.48%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-33,811	–	-1.52%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-28,623	–	-1.53%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-16,945	–	-1.55%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-153,175	–	-1.55%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-5,671	–	-1.56%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-27,417	–	-1.59%	–
UNP	Exit	UNION PAC CORP	$0	–	-31,509	–	-1.60%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-41,166	–	-1.62%	–
BRCM	Exit	BROADCOM CORPcl a	$0	–	-89,237	–	-1.69%	–
NKE	Exit	NIKE INCcl b	$0	–	-40,503	–	-1.69%	–
V	Exit	VISA INC	$0	–	-16,983	–	-1.70%	–
QCOM	Exit	QUALCOMM INC	$0	–	-49,693	–	-1.74%	–
EMC	Exit	E M C CORP MASS	$0	–	-127,743	–	-1.75%	–
ABBV	Exit	ABBVIE INC	$0	–	-64,949	–	-1.76%	–
HD	Exit	HOME DEPOT INC	$0	–	-42,213	–	-1.82%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-65,339	–	-1.84%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-76,454	–	-1.86%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-62,009	–	-1.87%	–
ALL	Exit	ALLSTATE CORP	$0	–	-65,489	–	-1.88%	–
DIS	Exit	DISNEY WALT CO	$0	–	-46,051	–	-1.92%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-39,701	–	-1.98%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-50,769	–	-2.04%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-104,054	–	-2.05%	–
AAPL	Exit	APPLE INC	$0	–	-50,629	–	-2.39%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-89,824	–	-4.49%	–
UVSP	Exit	UNIVEST CORP PA	$0	–	-929,952	–	-8.18%	–

Q3 2014

			Value		Shares		↓ Weighting
UVSP	Sell	UNIVEST CORP PA	$17,437,000	-11.2%	929,952	-2.0%	8.18%	-11.6%
JNJ	Buy	JOHNSON & JOHNSON	$9,574,000	+141.9%	89,824	+137.4%	4.49%	+141.0%
AAPL	Sell	APPLE INC	$5,101,000	+5.3%	50,629	-2.8%	2.39%	+5.0%
XLU	Buy	SELECT SECTOR SPDR TRsbi int-utils	$4,380,000	-4.0%	104,054	+1.0%	2.05%	-4.3%
PNC	Buy	PNC FINL SVCS GROUP INC	$4,345,000	+5.2%	50,769	+9.4%	2.04%	+4.7%
GILD	Sell	GILEAD SCIENCES INC	$4,226,000	+17.9%	39,701	-8.2%	1.98%	+17.4%
DIS	Sell	DISNEY WALT CO	$4,100,000	-2.7%	46,051	-6.2%	1.92%	-3.0%
ALL	Sell	ALLSTATE CORP	$4,019,000	-0.0%	65,489	-4.4%	1.88%	-0.4%
DFS	Sell	DISCOVER FINL SVCS	$3,993,000	+1.9%	62,009	-1.9%	1.87%	+1.5%
WFC	Sell	WELLS FARGO & CO NEW	$3,966,000	-3.9%	76,454	-2.7%	1.86%	-4.3%
JPM	Sell	JPMORGAN CHASE & CO	$3,936,000	+2.2%	65,339	-2.3%	1.84%	+1.8%
HD	Sell	HOME DEPOT INC	$3,873,000	+0.4%	42,213	-11.4%	1.82%	0.0%
ABBV	Sell	ABBVIE INC	$3,751,000	-3.0%	64,949	-5.2%	1.76%	-3.4%
EMC	Sell	E M C CORP MASS	$3,738,000	+9.6%	127,743	-1.3%	1.75%	+9.2%
QCOM	Buy	QUALCOMM INC	$3,716,000	-4.9%	49,693	+0.7%	1.74%	-5.3%
V	Buy	VISA INC	$3,624,000	+9.3%	16,983	+7.9%	1.70%	+8.8%
NKE	Sell	NIKE INCcl b	$3,613,000	+7.8%	40,503	-6.3%	1.69%	+7.4%
BRCM	Sell	BROADCOM CORPcl a	$3,607,000	-14.2%	89,237	-21.2%	1.69%	-14.5%
PG	Buy	PROCTER & GAMBLE CO	$3,447,000	+7.1%	41,166	+0.5%	1.62%	+6.7%
UNP	Sell	UNION PAC CORP	$3,416,000	-2.2%	31,509	-10.0%	1.60%	-2.5%
AMP	Buy	AMERIPRISE FINL INC	$3,383,000	+28.8%	27,417	+25.3%	1.59%	+28.3%
GOOGL	Buy	GOOGLE INCcl a	$3,337,000	+66.3%	5,671	+65.2%	1.56%	+65.5%
AMAT	Sell	APPLIED MATLS INC	$3,310,000	-6.5%	153,175	-2.5%	1.55%	-6.9%
ICE	Buy	INTERCONTINENTAL EXCHANGE IN	$3,305,000	+16.6%	16,945	+12.9%	1.55%	+16.1%
BDX	Sell	BECTON DICKINSON & CO	$3,258,000	-5.8%	28,623	-2.1%	1.53%	-6.2%
OXY	Buy	OCCIDENTAL PETE CORP DEL	$3,251,000	-4.3%	33,811	+2.2%	1.52%	-4.6%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$3,149,000	+1.2%	44,579	-0.7%	1.48%	+0.8%
ORCL	Sell	ORACLE CORP	$3,144,000	-16.2%	82,140	-11.2%	1.47%	-16.5%
CMCSK	Sell	COMCAST CORP NEWcl a spl	$3,131,000	-10.1%	58,525	-10.4%	1.47%	-10.5%
BEN	Buy	FRANKLIN RES INC	$3,108,000	-2.2%	56,921	+3.6%	1.46%	-2.5%
CAT	Sell	CATERPILLAR INC DEL	$3,095,000	-9.4%	31,250	-0.6%	1.45%	-9.8%
AET	Sell	AETNA INC NEW	$3,064,000	-9.7%	37,822	-9.6%	1.44%	-10.1%
KO	Sell	COCA COLA CO	$3,027,000	-3.1%	70,946	-3.8%	1.42%	-3.5%
MMM	Sell	3M CO	$3,001,000	-5.6%	21,184	-4.6%	1.41%	-5.9%
SLB	Sell	SCHLUMBERGER LTD	$2,989,000	-14.1%	29,390	-0.3%	1.40%	-14.4%
SU	Sell	SUNCOR ENERGY INC NEW	$2,951,000	-18.7%	81,625	-4.1%	1.38%	-18.9%
KORS	Buy	MICHAEL KORS HLDGS LTD	$2,943,000	+34.1%	41,221	+66.5%	1.38%	+33.6%
VZ	Sell	VERIZON COMMUNICATIONS INC	$2,930,000	-0.8%	58,620	-2.9%	1.37%	-1.2%
COP	Sell	CONOCOPHILLIPS	$2,915,000	-18.3%	38,089	-8.5%	1.37%	-18.6%
APD	Sell	AIR PRODS & CHEMS INC	$2,856,000	-2.0%	21,936	-3.2%	1.34%	-2.3%
HON	Buy	HONEYWELL INTL INC	$2,836,000	+1.0%	30,454	+0.8%	1.33%	+0.6%
MON	Buy	MONSANTO CO NEW	$2,817,000	-9.0%	25,037	+0.9%	1.32%	-9.3%
ABC	Sell	AMERISOURCEBERGEN CORP	$2,797,000	-5.2%	36,186	-10.8%	1.31%	-5.5%
COST	Sell	COSTCO WHSL CORP NEW	$2,786,000	+4.3%	22,229	-4.2%	1.31%	+3.9%
TGT	Sell	TARGET CORP	$2,741,000	-23.4%	43,726	-29.2%	1.28%	-23.7%
EOG	Buy	EOG RES INC	$2,735,000	-9.6%	27,622	+6.7%	1.28%	-10.0%
PCP	Sell	PRECISION CASTPARTS CORP	$2,729,000	-7.0%	11,520	-0.9%	1.28%	-7.3%
UTX	Buy	UNITED TECHNOLOGIES CORP	$2,658,000	-0.2%	25,174	+9.1%	1.25%	-0.6%
T	Sell	AT&T INC	$2,635,000	-3.0%	74,778	-2.7%	1.24%	-3.4%
CTSH	Buy	COGNIZANT TECHNOLOGY SOLUTIOcl a	$2,600,000	+28.5%	58,080	+40.4%	1.22%	+27.9%
GIS	Sell	GENERAL MLS INC	$2,567,000	-6.2%	50,876	-2.4%	1.20%	-6.7%
PSX	Sell	PHILLIPS 66	$2,485,000	-10.8%	30,557	-11.8%	1.16%	-11.1%
KMB	Sell	KIMBERLY CLARK CORP	$2,436,000	-7.9%	22,646	-4.8%	1.14%	-8.2%
XOM	Sell	EXXON MOBIL CORP	$2,256,000	-9.5%	23,992	-3.1%	1.06%	-9.8%
PPL	Sell	PPL CORP	$2,113,000	-9.0%	64,357	-1.6%	0.99%	-9.3%
PM	Buy	PHILIP MORRIS INTL INC	$1,859,000	+7.3%	22,287	+8.5%	0.87%	+7.0%
TEL	New	TE CONNECTIVITY LTD	$1,535,000	–	27,771	–	0.72%	–
MRK	Sell	MERCK & CO INC NEW	$1,417,000	-1.4%	23,904	-3.7%	0.66%	-1.8%
DD	Buy	DU PONT E I DE NEMOURS & CO	$871,000	+11.0%	12,133	+1.2%	0.41%	+10.6%
GE	Sell	GENERAL ELECTRIC CO	$831,000	-7.7%	32,422	-5.3%	0.39%	-8.0%
NSC	Sell	NORFOLK SOUTHERN CORP	$772,000	-5.2%	6,920	-12.4%	0.36%	-5.5%
CVX	Sell	CHEVRON CORP NEW	$640,000	-14.2%	5,364	-6.1%	0.30%	-14.5%
LMT	Sell	LOCKHEED MARTIN CORP	$588,000	+1.7%	3,217	-10.6%	0.28%	+1.5%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$564,000	-6.9%	2,973	-11.0%	0.26%	-7.4%
INTC	Sell	INTEL CORP	$499,000	-1.0%	14,332	-12.1%	0.23%	-1.3%
EXC	Sell	EXELON CORP	$396,000	-17.0%	11,628	-11.1%	0.19%	-17.0%
PAYX	Buy	PAYCHEX INC	$388,000	+76.4%	8,768	+66.0%	0.18%	+75.0%
WTR	Sell	AQUA AMERICA INC	$359,000	-32.5%	15,276	-24.7%	0.17%	-32.8%
MSFT	Buy	MICROSOFT CORP	$315,000	+13.7%	6,784	+2.0%	0.15%	+13.8%
ETR	Sell	ENTERGY CORP NEW	$270,000	-21.1%	3,494	-16.1%	0.13%	-21.1%
MCD	Sell	MCDONALDS CORP	$248,000	-17.9%	2,612	-13.0%	0.12%	-18.3%
CMCSA	Buy	COMCAST CORP NEWcl a	$216,000	+2.4%	4,021	+2.5%	0.10%	+2.0%
GOOG	Sell	GOOGLE INCcl c	$208,000	-87.3%	361	-87.3%	0.10%	-87.3%
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$207,000	–	1	–	0.10%	–
HAL	Sell	HALLIBURTON CO	$207,000	-13.4%	3,215	-4.3%	0.10%	-13.4%
MS	New	MORGAN STANLEY	$204,000	–	5,887	–	0.10%	–
BAC	Sell	BANK AMER CORP	$203,000	+5.7%	11,907	-4.5%	0.10%	+5.6%
HARL	Sell	Harleysville Savings Financial	$197,000	-8.8%	11,964	-4.5%	0.09%	-9.8%
DOW	Exit	DOW CHEM CO	$0	–	-4,407	–	-0.11%	–
STT	Exit	STATE STR CORP	$0	–	-3,463	–	-0.11%	–

Q2 2014

			Value		Shares		↓ Weighting
UVSP	New	UNIVEST CORP PA	$19,643,000	–	948,960	–	9.24%	–
AAPL	New	APPLE INC	$4,842,000	–	52,109	–	2.28%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$4,561,000	–	103,059	–	2.15%	–
DIS	New	DISNEY WALT CO	$4,212,000	–	49,120	–	1.98%	–
BRCM	New	BROADCOM CORPcl a	$4,202,000	–	113,200	–	1.98%	–
PNC	New	PNC FINL SVCS GROUP INC	$4,132,000	–	46,396	–	1.94%	–
WFC	New	WELLS FARGO & CO NEW	$4,129,000	–	78,561	–	1.94%	–
ALL	New	ALLSTATE CORP	$4,021,000	–	68,482	–	1.89%	–
JNJ	New	JOHNSON & JOHNSON	$3,958,000	–	37,832	–	1.86%	–
DFS	New	DISCOVER FINL SVCS	$3,918,000	–	63,217	–	1.84%	–
QCOM	New	QUALCOMM INC	$3,908,000	–	49,347	–	1.84%	–
ABBV	New	ABBVIE INC	$3,868,000	–	68,530	–	1.82%	–
HD	New	HOME DEPOT INC	$3,858,000	–	47,649	–	1.82%	–
JPM	New	JPMORGAN CHASE & CO	$3,853,000	–	66,870	–	1.81%	–
ORCL	New	ORACLE CORP	$3,751,000	–	92,546	–	1.76%	–
SU	New	SUNCOR ENERGY INC NEW	$3,628,000	–	85,105	–	1.71%	–
GILD	New	GILEAD SCIENCES INC	$3,585,000	–	43,244	–	1.69%	–
TGT	New	TARGET CORP	$3,580,000	–	61,774	–	1.68%	–
COP	New	CONOCOPHILLIPS	$3,569,000	–	41,628	–	1.68%	–
AMAT	New	APPLIED MATLS INC	$3,542,000	–	157,076	–	1.67%	–
UNP	New	UNION PAC CORP	$3,492,000	–	35,004	–	1.64%	–
CMCSK	New	COMCAST CORP NEWcl a spl	$3,484,000	–	65,328	–	1.64%	–
SLB	New	SCHLUMBERGER LTD	$3,478,000	–	29,485	–	1.64%	–
BDX	New	BECTON DICKINSON & CO	$3,460,000	–	29,244	–	1.63%	–
CAT	New	CATERPILLAR INC DEL	$3,418,000	–	31,450	–	1.61%	–
EMC	New	E M C CORP MASS	$3,410,000	–	129,463	–	1.60%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$3,396,000	–	33,092	–	1.60%	–
AET	New	AETNA INC NEW	$3,393,000	–	41,845	–	1.60%	–
NKE	New	NIKE INCcl b	$3,352,000	–	43,220	–	1.58%	–
V	New	VISA INC	$3,316,000	–	15,736	–	1.56%	–
PG	New	PROCTER & GAMBLE CO	$3,218,000	–	40,947	–	1.51%	–
MMM	New	3M CO	$3,179,000	–	22,196	–	1.50%	–
BEN	New	FRANKLIN RES INC	$3,177,000	–	54,923	–	1.50%	–
KO	New	COCA COLA CO	$3,123,000	–	73,717	–	1.47%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$3,111,000	–	44,872	–	1.46%	–
MON	New	MONSANTO CO NEW	$3,095,000	–	24,813	–	1.46%	–
EOG	New	EOG RES INC	$3,025,000	–	25,886	–	1.42%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,954,000	–	60,374	–	1.39%	–
ABC	New	AMERISOURCEBERGEN CORP	$2,949,000	–	40,589	–	1.39%	–
PCP	New	PRECISION CASTPARTS CORP	$2,933,000	–	11,619	–	1.38%	–
APD	New	AIR PRODS & CHEMS INC	$2,914,000	–	22,656	–	1.37%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$2,835,000	–	15,006	–	1.33%	–
HON	New	HONEYWELL INTL INC	$2,809,000	–	30,218	–	1.32%	–
PSX	New	PHILLIPS 66	$2,786,000	–	34,645	–	1.31%	–
GIS	New	GENERAL MLS INC	$2,738,000	–	52,121	–	1.29%	–
T	New	AT&T INC	$2,717,000	–	76,844	–	1.28%	–
COST	New	COSTCO WHSL CORP NEW	$2,672,000	–	23,203	–	1.26%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,664,000	–	23,071	–	1.25%	–
KMB	New	KIMBERLY CLARK CORP	$2,644,000	–	23,777	–	1.24%	–
AMP	New	AMERIPRISE FINL INC	$2,626,000	–	21,881	–	1.24%	–
XOM	New	EXXON MOBIL CORP	$2,492,000	–	24,756	–	1.17%	–
PPL	New	PPL CORP	$2,323,000	–	65,385	–	1.09%	–
KORS	New	MICHAEL KORS HLDGS LTD	$2,195,000	–	24,755	–	1.03%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$2,024,000	–	41,377	–	0.95%	–
GOOGL	New	GOOGLE INCcl a	$2,007,000	–	3,432	–	0.94%	–
PM	New	PHILIP MORRIS INTL INC	$1,732,000	–	20,545	–	0.82%	–
GOOG	New	GOOGLE INCcl c	$1,634,000	–	2,841	–	0.77%	–
MRK	New	MERCK & CO INC NEW	$1,437,000	–	24,834	–	0.68%	–
GE	New	GENERAL ELECTRIC CO	$900,000	–	34,248	–	0.42%	–
NSC	New	NORFOLK SOUTHERN CORP	$814,000	–	7,899	–	0.38%	–
DD	New	DU PONT E I DE NEMOURS & CO	$785,000	–	11,989	–	0.37%	–
CVX	New	CHEVRON CORP NEW	$746,000	–	5,714	–	0.35%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$606,000	–	3,341	–	0.28%	–
LMT	New	LOCKHEED MARTIN CORP	$578,000	–	3,597	–	0.27%	–
WTR	New	AQUA AMERICA INC	$532,000	–	20,276	–	0.25%	–
INTC	New	INTEL CORP	$504,000	–	16,299	–	0.24%	–
EXC	New	EXELON CORP	$477,000	–	13,077	–	0.22%	–
PPG	New	PPG INDS INC	$378,000	–	1,800	–	0.18%	–
ETR	New	ENTERGY CORP NEW	$342,000	–	4,163	–	0.16%	–
MCD	New	MCDONALDS CORP	$302,000	–	3,002	–	0.14%	–
MSFT	New	MICROSOFT CORP	$277,000	–	6,654	–	0.13%	–
PEP	New	PEPSICO INC	$246,000	–	2,757	–	0.12%	–
NFLX	New	NETFLIX INC	$247,000	–	560	–	0.12%	–
HSY	New	HERSHEY CO	$243,000	–	2,500	–	0.11%	–
HAL	New	HALLIBURTON CO	$239,000	–	3,360	–	0.11%	–
STT	New	STATE STR CORP	$233,000	–	3,463	–	0.11%	–
DOW	New	DOW CHEM CO	$227,000	–	4,407	–	0.11%	–
PAYX	New	PAYCHEX INC	$220,000	–	5,282	–	0.10%	–
HARL	New	Harleysville Savings Financial	$216,000	–	12,534	–	0.10%	–
CMCSA	New	COMCAST CORP NEWcl a	$211,000	–	3,923	–	0.10%	–
BAC	New	BANK OF AMERICA CORPORATION	$192,000	–	12,462	–	0.09%	–

Q4 2013

			Value		Shares		↓ Weighting
BAC	Exit	BANK OF AMERICA CORPORATION	$0	–	-12,971	–	-0.10%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-6,074	–	-0.11%	–
HSY	Exit	HERSHEY CO	$0	–	-2,300	–	-0.11%	–
HARL	Exit	Harleysville Savings Financial	$0	–	-13,038	–	-0.13%	–
BBT	Exit	BB&T CORP	$0	–	-7,356	–	-0.13%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-6,283	–	-0.14%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-4,479	–	-0.14%	–
PEP	Exit	PEPSICO INC	$0	–	-3,444	–	-0.15%	–
EXC	Exit	EXELON CORP	$0	–	-9,642	–	-0.15%	–
PPG	Exit	PPG INDS INC	$0	–	-1,850	–	-0.16%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-4,208	–	-0.17%	–
INTC	Exit	INTEL CORP	$0	–	-14,322	–	-0.18%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-3,027	–	-0.21%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-6,980	–	-0.29%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-7,682	–	-0.30%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-5,137	–	-0.32%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-17,544	–	-0.34%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-6,510	–	-0.42%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-38,966	–	-0.50%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-24,086	–	-0.61%	–
ABT	Exit	ABBOTT LABS	$0	–	-37,448	–	-0.66%	–
FCX	Exit	FREEPORT-MCMORAN COPPER & GO	$0	–	-48,619	–	-0.86%	–
MON	Exit	MONSANTO CO NEW	$0	–	-16,399	–	-0.91%	–
SYY	Exit	SYSCO CORP	$0	–	-57,711	–	-0.98%	–
PPL	Exit	PPL CORP	$0	–	-63,657	–	-1.03%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-19,060	–	-1.08%	–
V	Exit	VISA INC	$0	–	-11,084	–	-1.13%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-25,615	–	-1.18%	–
BRCM	Exit	BROADCOM CORPcl a	$0	–	-85,556	–	-1.19%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-37,511	–	-1.24%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-28,402	–	-1.26%	–
ABBV	Exit	ABBVIE INC	$0	–	-53,406	–	-1.27%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRILLING IN	$0	–	-39,140	–	-1.30%	–
PSX	Exit	PHILLIPS 66	$0	–	-42,351	–	-1.31%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-10,978	–	-1.33%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-24,314	–	-1.40%	–
AET	Exit	AETNA INC NEW	$0	–	-41,611	–	-1.42%	–
MCD	Exit	MCDONALDS CORP	$0	–	-28,058	–	-1.44%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-44,413	–	-1.45%	–
TGT	Exit	TARGET CORP	$0	–	-42,865	–	-1.46%	–
UNP	Exit	UNION PAC CORP	$0	–	-17,775	–	-1.47%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-27,808	–	-1.48%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-15,041	–	-1.48%	–
ORCL	Exit	ORACLE CORP	$0	–	-86,068	–	-1.52%	–
MMM	Exit	3M CO	$0	–	-23,981	–	-1.53%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-30,582	–	-1.54%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-34,991	–	-1.55%	–
GIS	Exit	GENERAL MLS INC	$0	–	-61,196	–	-1.56%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-62,953	–	-1.57%	–
EMC	Exit	E M C CORP MASS	$0	–	-116,850	–	-1.59%	–
T	Exit	AT&T INC	$0	–	-88,424	–	-1.60%	–
KO	Exit	COCA COLA CO	$0	–	-79,947	–	-1.62%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-60,518	–	-1.63%	–
NKE	Exit	NIKE INCcl b	$0	–	-42,923	–	-1.66%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-180,168	–	-1.68%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-45,623	–	-1.69%	–
CMCSK	Exit	COMCAST CORP NEWcl a spl	$0	–	-73,300	–	-1.70%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-37,085	–	-1.75%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-38,154	–	-1.76%	–
DIS	Exit	DISNEY WALT CO	$0	–	-51,307	–	-1.76%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-35,370	–	-1.76%	–
HD	Exit	HOME DEPOT INC	$0	–	-44,616	–	-1.80%	–
QCOM	Exit	QUALCOMM INC	$0	–	-51,862	–	-1.86%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-55,841	–	-1.87%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-46,456	–	-1.87%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-69,829	–	-1.88%	–
ALL	Exit	ALLSTATE CORP	$0	–	-70,224	–	-1.89%	–
AAPL	Exit	APPLE INC	$0	–	-7,509	–	-1.91%	–
STT	Exit	STATE STR CORP	$0	–	-56,501	–	-1.98%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-90,409	–	-1.99%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-75,274	–	-2.08%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-4,454	–	-2.08%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-45,361	–	-2.08%	–
NYX	Exit	NYSE EURONEXT	$0	–	-93,752	–	-2.10%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-123,858	–	-2.47%	–
UVSP	Exit	UNIVEST CORP PA	$0	–	-961,634	–	-9.67%	–

Q3 2013

			Value		Shares		↓ Weighting
UVSP	Sell	UNIVEST CORP PA	$18,127,000	-4.3%	961,634	-3.2%	9.67%	-6.9%
XLU	Sell	SELECT SECTOR SPDR TRsbi int-utils	$4,628,000	-2.8%	123,858	-2.1%	2.47%	-5.4%
NYX	Sell	NYSE EURONEXT	$3,936,000	+0.6%	93,752	-0.8%	2.10%	-2.1%
XOM	Sell	EXXON MOBIL CORP	$3,903,000	-15.4%	45,361	-11.2%	2.08%	-17.7%
GOOGL	Sell	GOOGLE INCcl a	$3,901,000	-4.6%	4,454	-4.1%	2.08%	-7.1%
JPM	Buy	JPMORGAN CHASE & CO	$3,891,000	+1.2%	75,274	+3.3%	2.08%	-1.6%
WFC	Buy	WELLS FARGO & CO NEW	$3,736,000	+1.2%	90,409	+1.1%	1.99%	-1.5%
STT	Sell	STATE STR CORP	$3,715,000	-2.0%	56,501	-2.8%	1.98%	-4.6%
AAPL	Sell	APPLE INC	$3,580,000	+15.7%	7,509	-3.8%	1.91%	+12.6%
ALL	Sell	ALLSTATE CORP	$3,550,000	+2.5%	70,224	-2.4%	1.89%	-0.2%
DFS	Sell	DISCOVER FINL SVCS	$3,529,000	+3.3%	69,829	-2.6%	1.88%	+0.5%
PG	Buy	PROCTER & GAMBLE CO	$3,512,000	-0.3%	46,456	+1.5%	1.87%	-3.0%
GILD	Sell	GILEAD SCIENCES INC	$3,511,000	+15.2%	55,841	-6.1%	1.87%	+12.0%
QCOM	Sell	QUALCOMM INC	$3,491,000	+4.8%	51,862	-4.9%	1.86%	+2.0%
HD	Sell	HOME DEPOT INC	$3,384,000	-4.4%	44,616	-2.3%	1.80%	-7.0%
OXY	Sell	OCCIDENTAL PETE CORP DEL	$3,309,000	+3.1%	35,370	-1.6%	1.76%	+0.4%
DIS	Buy	DISNEY WALT CO	$3,309,000	+3.0%	51,307	+0.8%	1.76%	+0.2%
JNJ	Buy	JOHNSON & JOHNSON	$3,308,000	+6.3%	38,154	+5.3%	1.76%	+3.5%
SLB	Sell	SCHLUMBERGER LTD	$3,277,000	+21.3%	37,085	-1.7%	1.75%	+18.0%
CMCSK	Sell	COMCAST CORP NEWcl a spl	$3,178,000	+5.5%	73,300	-3.5%	1.70%	+2.7%
COP	Sell	CONOCOPHILLIPS	$3,171,000	+14.6%	45,623	-0.2%	1.69%	+11.5%
AMAT	Sell	APPLIED MATLS INC	$3,159,000	+15.6%	180,168	-1.6%	1.68%	+12.5%
NKE	Sell	NIKE INCcl b	$3,118,000	+10.2%	42,923	-3.4%	1.66%	+7.2%
BEN	Buy	FRANKLIN RES INC	$3,059,000	+12.0%	60,518	+201.4%	1.63%	+9.0%
KO	Buy	COCA COLA CO	$3,028,000	-4.1%	79,947	+1.6%	1.62%	-6.7%
T	Buy	AT&T INC	$2,991,000	-0.4%	88,424	+4.2%	1.60%	-3.1%
EMC	Sell	E M C CORP MASS	$2,987,000	+5.5%	116,850	-2.5%	1.59%	+2.7%
VZ	Sell	VERIZON COMMUNICATIONS INC	$2,938,000	-9.3%	62,953	-2.1%	1.57%	-11.7%
GIS	Buy	GENERAL MLS INC	$2,933,000	+1.1%	61,196	+2.4%	1.56%	-1.6%
HON	Sell	HONEYWELL INTL INC	$2,906,000	-0.2%	34,991	-4.6%	1.55%	-2.8%
KMB	Buy	KIMBERLY CLARK CORP	$2,881,000	+0.2%	30,582	+3.3%	1.54%	-2.5%
MMM	Sell	3M CO	$2,864,000	+8.2%	23,981	-0.9%	1.53%	+5.2%
ORCL	Sell	ORACLE CORP	$2,855,000	+5.6%	86,068	-2.3%	1.52%	+2.8%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$2,785,000	-4.2%	15,041	-1.1%	1.48%	-6.8%
BDX	Buy	BECTON DICKINSON & CO	$2,781,000	+4.3%	27,808	+3.1%	1.48%	+1.4%
UNP	Sell	UNION PAC CORP	$2,761,000	-1.4%	17,775	-2.1%	1.47%	-4.1%
TGT	Buy	TARGET CORP	$2,743,000	-1.4%	42,865	+6.1%	1.46%	-4.1%
ABC	Sell	AMERISOURCEBERGEN CORP	$2,714,000	+4.8%	44,413	-4.3%	1.45%	+2.0%
MCD	Buy	MCDONALDS CORP	$2,699,000	-1.5%	28,058	+1.4%	1.44%	-4.1%
AET	Sell	AETNA INC NEW	$2,664,000	-2.2%	41,611	-3.0%	1.42%	-4.8%
UTX	Sell	UNITED TECHNOLOGIES CORP	$2,622,000	+10.9%	24,314	-4.5%	1.40%	+7.9%
PCP	Sell	PRECISION CASTPARTS CORP	$2,495,000	-3.6%	10,978	-4.2%	1.33%	-6.2%
PSX	Sell	PHILLIPS 66	$2,449,000	-5.3%	42,351	-3.5%	1.31%	-7.8%
DOFSQ	Buy	DIAMOND OFFSHORE DRILLING IN	$2,439,000	-6.1%	39,140	+3.7%	1.30%	-8.6%
ABBV	Buy	ABBVIE INC	$2,389,000	+20.7%	53,406	+11.6%	1.27%	+17.4%
CAT	Buy	CATERPILLAR INC DEL	$2,369,000	+1.6%	28,402	+0.5%	1.26%	-1.1%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$2,318,000	+3.4%	37,511	+3.3%	1.24%	+0.6%
BRCM	Buy	BROADCOM CORPcl a	$2,226,000	-21.4%	85,556	+2.1%	1.19%	-23.5%
PM	Buy	PHILIP MORRIS INTL INC	$2,218,000	+2.5%	25,615	+2.6%	1.18%	-0.2%
V	Buy	VISA INC	$2,118,000	+7.3%	11,084	+2.7%	1.13%	+4.4%
APD	Sell	AIR PRODS & CHEMS INC	$2,031,000	+11.2%	19,060	-4.5%	1.08%	+8.2%
PPL	Buy	PPL CORP	$1,934,000	+3.9%	63,657	+3.4%	1.03%	+1.1%
SYY	Sell	SYSCO CORP	$1,837,000	-26.6%	57,711	-21.2%	0.98%	-28.5%
MON	Sell	MONSANTO CO NEW	$1,712,000	+2.1%	16,399	-3.4%	0.91%	-0.7%
FCX	Buy	FREEPORT-MCMORAN COPPER & GO	$1,608,000	+20.4%	48,619	+0.5%	0.86%	+17.2%
ABT	Sell	ABBOTT LABS	$1,243,000	-27.9%	37,448	-24.3%	0.66%	-29.8%
MRK	Buy	MERCK & CO INC NEW	$1,147,000	+24.1%	24,086	+21.1%	0.61%	+20.9%
GE	Buy	GENERAL ELECTRIC CO	$931,000	+14.5%	38,966	+11.2%	0.50%	+11.2%
CVX	Buy	CHEVRON CORP NEW	$791,000	+10.2%	6,510	+7.2%	0.42%	+7.4%
SU	New	SUNCOR ENERGY INC NEW	$628,000	–	17,544	–	0.34%	–
COST	New	COSTCO WHSL CORP NEW	$592,000	–	5,137	–	0.32%	–
NSC	Buy	NORFOLK SOUTHERN CORP	$540,000	+33.3%	6,980	+25.1%	0.29%	+29.7%
LMT	Buy	LOCKHEED MARTIN CORP	$386,000	+36.9%	3,027	+16.4%	0.21%	+32.9%
INTC	Buy	INTEL CORP	$328,000	+61.6%	14,322	+70.6%	0.18%	+57.7%
SBUX	New	STARBUCKS CORP	$324,000	–	4,208	–	0.17%	–
EXC	Buy	EXELON CORP	$286,000	+24.3%	9,642	+29.5%	0.15%	+21.4%
PEP	New	PEPSICO INC	$274,000	–	3,444	–	0.15%	–
DD	New	DU PONT E I DE NEMOURS & CO	$262,000	–	4,479	–	0.14%	–
WM	New	WASTE MGMT INC DEL	$259,000	–	6,283	–	0.14%	–
BBT	New	BB&T CORP	$248,000	–	7,356	–	0.13%	–
HARL	Sell	Harleysville Savings Financial	$241,000	-12.4%	13,038	-9.8%	0.13%	-14.6%
MSFT	New	MICROSOFT CORP	$202,000	–	6,074	–	0.11%	–
BAC	Buy	BANK OF AMERICA CORPORATION	$179,000	+17.8%	12,971	+9.8%	0.10%	+14.5%

Q2 2013

			Value		Shares		↓ Weighting
UVSP	New	UNIVEST CORP PA	$18,946,000	–	993,508	–	10.38%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$4,759,000	–	126,481	–	2.61%	–
XOM	New	EXXON MOBIL CORP	$4,613,000	–	51,056	–	2.53%	–
GOOGL	New	GOOGLE INCcl a	$4,088,000	–	4,643	–	2.24%	–
NYX	New	NYSE EURONEXT	$3,913,000	–	94,506	–	2.14%	–
JPM	New	JPMORGAN CHASE & CO	$3,846,000	–	72,853	–	2.11%	–
STT	New	STATE STR CORP	$3,790,000	–	58,119	–	2.08%	–
WFC	New	WELLS FARGO & CO NEW	$3,690,000	–	89,415	–	2.02%	–
HD	New	HOME DEPOT INC	$3,539,000	–	45,688	–	1.94%	–
PG	New	PROCTER & GAMBLE CO	$3,524,000	–	45,770	–	1.93%	–
ALL	New	ALLSTATE CORP	$3,462,000	–	71,936	–	1.90%	–
DFS	New	DISCOVER FINL SVCS	$3,416,000	–	71,696	–	1.87%	–
QCOM	New	QUALCOMM INC	$3,331,000	–	54,521	–	1.83%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,238,000	–	64,328	–	1.78%	–
DIS	New	DISNEY WALT CO	$3,214,000	–	50,902	–	1.76%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$3,208,000	–	35,957	–	1.76%	–
KO	New	COCA COLA CO	$3,158,000	–	78,722	–	1.73%	–
JNJ	New	JOHNSON & JOHNSON	$3,111,000	–	36,234	–	1.70%	–
AAPL	New	APPLE INC	$3,095,000	–	7,805	–	1.70%	–
GILD	New	GILEAD SCIENCES INC	$3,049,000	–	59,466	–	1.67%	–
CMCSK	New	COMCAST CORP NEWcl a spl	$3,012,000	–	75,937	–	1.65%	–
T	New	AT&T INC	$3,004,000	–	84,869	–	1.65%	–
HON	New	HONEYWELL INTL INC	$2,911,000	–	36,691	–	1.60%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$2,907,000	–	15,213	–	1.59%	–
GIS	New	GENERAL MLS INC	$2,901,000	–	59,782	–	1.59%	–
KMB	New	KIMBERLY CLARK CORP	$2,875,000	–	29,593	–	1.58%	–
BRCM	New	BROADCOM CORPcl a	$2,831,000	–	83,776	–	1.55%	–
NKE	New	NIKE INCcl b	$2,830,000	–	44,447	–	1.55%	–
EMC	New	E M C CORP MASS	$2,830,000	–	119,812	–	1.55%	–
UNP	New	UNION PAC CORP	$2,800,000	–	18,151	–	1.54%	–
TGT	New	TARGET CORP	$2,782,000	–	40,402	–	1.52%	–
COP	New	CONOCOPHILLIPS	$2,767,000	–	45,732	–	1.52%	–
MCD	New	MCDONALDS CORP	$2,739,000	–	27,671	–	1.50%	–
AMAT	New	APPLIED MATLS INC	$2,733,000	–	183,154	–	1.50%	–
BEN	New	FRANKLIN RES INC	$2,731,000	–	20,079	–	1.50%	–
AET	New	AETNA INC NEW	$2,724,000	–	42,876	–	1.49%	–
ORCL	New	ORACLE CORP	$2,704,000	–	88,050	–	1.48%	–
SLB	New	SCHLUMBERGER LTD	$2,702,000	–	37,710	–	1.48%	–
BDX	New	BECTON DICKINSON & CO	$2,667,000	–	26,982	–	1.46%	–
MMM	New	3M CO	$2,647,000	–	24,209	–	1.45%	–
DOFSQ	New	DIAMOND OFFSHORE DRILLING IN	$2,597,000	–	37,754	–	1.42%	–
ABC	New	AMERISOURCEBERGEN CORP	$2,590,000	–	46,386	–	1.42%	–
PCP	New	PRECISION CASTPARTS CORP	$2,589,000	–	11,457	–	1.42%	–
PSX	New	PHILLIPS 66	$2,585,000	–	43,887	–	1.42%	–
SYY	New	SYSCO CORP	$2,502,000	–	73,234	–	1.37%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,365,000	–	25,451	–	1.30%	–
CAT	New	CATERPILLAR INC DEL	$2,331,000	–	28,259	–	1.28%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$2,242,000	–	36,317	–	1.23%	–
PM	New	PHILIP MORRIS INTL INC	$2,163,000	–	24,969	–	1.18%	–
ABBV	New	ABBVIE INC	$1,979,000	–	47,863	–	1.08%	–
V	New	VISA INC	$1,973,000	–	10,796	–	1.08%	–
PPL	New	PPL CORP	$1,862,000	–	61,537	–	1.02%	–
APD	New	AIR PRODS & CHEMS INC	$1,827,000	–	19,952	–	1.00%	–
ABT	New	ABBOTT LABS	$1,725,000	–	49,449	–	0.94%	–
MON	New	MONSANTO CO NEW	$1,677,000	–	16,969	–	0.92%	–
FCX	New	FREEPORT-MCMORAN COPPER & GO	$1,335,000	–	48,367	–	0.73%	–
MRK	New	MERCK & CO INC NEW	$924,000	–	19,886	–	0.51%	–
GE	New	GENERAL ELECTRIC CO	$813,000	–	35,057	–	0.45%	–
CVX	New	CHEVRON CORP NEW	$718,000	–	6,070	–	0.39%	–
PNC	New	PNC FINL SVCS GROUP INC	$560,000	–	7,682	–	0.31%	–
NSC	New	NORFOLK SOUTHERN CORP	$405,000	–	5,581	–	0.22%	–
LMT	New	LOCKHEED MARTIN CORP	$282,000	–	2,601	–	0.16%	–
HARL	New	Harleysville Savings Financial	$275,000	–	14,457	–	0.15%	–
PPG	New	PPG INDS INC	$271,000	–	1,850	–	0.15%	–
EXC	New	EXELON CORP	$230,000	–	7,447	–	0.13%	–
HSY	New	HERSHEY CO	$205,000	–	2,300	–	0.11%	–
INTC	New	INTEL CORP	$203,000	–	8,395	–	0.11%	–
BAC	New	BANK OF AMERICA CORPORATION	$152,000	–	11,809	–	0.08%	–

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