FARR MILLER & WASHINGTON LLC/DC Activity Q4 1999-Q3 2021

Q3 2021

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$94,702,000	+3.5%	335,918	-0.5%	6.17%	+3.3%
GOOGL	Buy	ALPHABET INC CLASS A	$81,459,000	+10.1%	30,469	+0.5%	5.31%	+9.8%
LOW	Sell	LOWES COMPANIES INC	$63,194,000	+4.2%	311,517	-0.3%	4.12%	+4.0%
JNJ	Sell	JOHNSON & JOHNSON	$60,458,000	-2.0%	374,354	-0.0%	3.94%	-2.2%
ACN	Sell	ACCENTURE PLC CL A	$55,674,000	+8.0%	174,024	-0.5%	3.63%	+7.8%
AAPL	Sell	APPLE INC	$53,234,000	+2.0%	376,213	-1.3%	3.47%	+1.8%
CVS	Sell	CVS HEALTH CORP	$49,096,000	+1.5%	578,553	-0.2%	3.20%	+1.3%
PG	Buy	PROCTER & GAMBLE CO	$47,497,000	+3.7%	339,750	+0.0%	3.10%	+3.4%
SBUX	Sell	STARBUCKS CORP	$46,191,000	-1.9%	418,737	-0.6%	3.01%	-2.1%
FB	Sell	FACEBOOK INC COM	$45,951,000	-3.1%	135,392	-0.7%	2.99%	-3.3%
VMI	Buy	VALMONT INDUSTRIES INC	$45,322,000	-0.2%	192,760	+0.2%	2.95%	-0.4%
GS	Sell	GOLDMAN SACHS GROUP INC	$44,739,000	-0.5%	118,348	-0.1%	2.92%	-0.7%
RTX	Sell	RAYTHEON TECHNOLOGIES CORPORAT	$44,708,000	+0.2%	520,108	-0.6%	2.91%	-0.1%
MDLZ	Sell	MONDELEZ INTL INC COM	$43,697,000	-7.2%	751,063	-0.4%	2.85%	-7.4%
BDX	Sell	BECTON DICKINSON & CO	$41,912,000	-0.6%	170,497	-1.6%	2.73%	-0.8%
ABT	Buy	ABBOTT LABORATORIES	$40,927,000	+2.1%	346,461	+0.2%	2.67%	+1.9%
FDX	Sell	FEDEX CORPORATION	$39,999,000	-26.8%	182,402	-0.4%	2.61%	-27.0%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$39,733,000	+2.6%	203,094	+0.0%	2.59%	+2.3%
PEP	Sell	PEPSICO INCORPORATED	$37,395,000	+1.1%	248,618	-0.4%	2.44%	+0.9%
SYK	Sell	STRYKER CORP	$35,632,000	+1.2%	135,112	-0.4%	2.32%	+0.9%
TFC	Sell	TRUIST FINL CORP	$35,323,000	+5.4%	602,262	-0.3%	2.30%	+5.2%
DHR	Sell	DANAHER CORP	$35,317,000	+12.2%	116,005	-1.1%	2.30%	+12.0%
DIS	Sell	DISNEY (WALT) CO.	$34,283,000	-4.3%	202,653	-0.5%	2.23%	-4.5%
DCI	Buy	DONALDSON COMPANY INC	$34,233,000	-7.6%	596,283	+2.2%	2.23%	-7.8%
MDT	Buy	MEDTRONIC INC	$33,057,000	+12.0%	263,716	+10.9%	2.15%	+11.7%
V	Sell	VISA INC.	$23,877,000	-4.9%	107,191	-0.2%	1.56%	-5.2%
SPY	Sell	SPDR TRUST SERIES I	$22,378,000	-4.9%	52,145	-5.2%	1.46%	-5.2%
CL	Sell	COLGATE PALMOLIVE CO.	$18,935,000	-8.4%	250,534	-1.5%	1.23%	-8.7%
GOOG	Sell	ALPHABET INC CLASS C	$18,020,000	+4.6%	6,761	-1.6%	1.17%	+4.4%
ROST	Sell	ROSS STORES INC	$17,186,000	-12.7%	157,888	-0.5%	1.12%	-12.8%
OTIS	Sell	OTIS WORLDWIDE CORPORATION	$13,077,000	+0.1%	158,938	-0.5%	0.85%	-0.1%
BRKB	Buy	BERKSHIRE HATHAWAY CL. B	$9,175,000	+0.7%	33,617	+2.5%	0.60%	+0.5%
IVE	Buy	ISHARES S&P 500 VALUE ETF	$8,766,000	-0.0%	60,280	+1.5%	0.57%	-0.3%
IEFA	Buy	ISHARES TRUST CORE MSCI EAFE	$7,768,000	+1.1%	104,625	+1.9%	0.51%	+0.8%
IVW	Sell	ISHARES TR S&P 500/ GROWTH IND	$7,745,000	+0.7%	104,792	-0.9%	0.50%	+0.6%
AGG	Buy	ISHARES CORE U.S. AGGREGATE BO	$7,273,000	+5.6%	63,337	+6.0%	0.47%	+5.3%
IEMG	Buy	ISHARES CORE MSCI EMERGING MAR	$5,301,000	-4.5%	85,829	+3.5%	0.34%	-5.0%
NSC	Sell	NORFOLK SOUTHERN CORP	$5,133,000	-10.4%	21,454	-0.6%	0.33%	-10.7%
PFE	Buy	PFIZER INC	$5,006,000	+9.9%	116,383	+0.1%	0.33%	+9.8%
ULTA	Buy	ULTA BEAUTY INC.	$4,512,000	+7.1%	12,500	+2.6%	0.29%	+6.9%
VZ	Buy	VERIZON COMMUNICATIONS	$4,248,000	-0.2%	78,659	+3.6%	0.28%	-0.4%
EPAM	Sell	EPAM SYSTEMS INC	$4,128,000	-2.5%	7,235	-12.7%	0.27%	-2.5%
INTC	Buy	INTEL CORP	$4,087,000	-5.0%	76,703	+0.0%	0.27%	-5.3%
AMZN	Buy	AMAZON.COM	$4,034,000	-2.9%	1,228	+1.7%	0.26%	-3.0%
DOC	Buy	PHYSICIANS REALTY TRUST	$3,607,000	+4.5%	204,701	+9.6%	0.24%	+4.4%
GD	Buy	GENERAL DYNAMICS CRP	$3,587,000	+4.9%	18,298	+0.7%	0.23%	+4.9%
SYY	Sell	SYSCO CORP COM	$3,570,000	+0.1%	45,478	-0.9%	0.23%	0.0%
MMM	Buy	3M COMPANY	$3,479,000	-11.5%	19,834	+0.2%	0.23%	-11.7%
D	Buy	DOMINION ENERGY INC	$3,388,000	+9.3%	46,398	+10.1%	0.22%	+8.9%
UPS	Buy	UNITED PARCEL SVC INC B	$3,356,000	-12.2%	18,431	+0.3%	0.22%	-12.4%
BMY	Sell	BRISTOL MYERS SQUIBB	$3,286,000	-12.6%	55,539	-1.2%	0.21%	-12.7%
MRK	Sell	MERCK & CO INC NEW	$3,111,000	-4.0%	41,419	-0.6%	0.20%	-4.2%
IJH	Buy	ISHARES TR S&P MIDCAP 400 INDE	$2,963,000	-1.2%	11,263	+0.9%	0.19%	-1.5%
IT	Buy	GARTNER INC	$2,946,000	+36.7%	9,694	+8.9%	0.19%	+36.2%
MCD	Sell	MCDONALDS CORP	$2,643,000	+2.2%	10,963	-2.1%	0.17%	+1.8%
CVX	Sell	CHEVRON CORPORATION	$2,593,000	-4.5%	25,561	-1.4%	0.17%	-4.5%
IVV	Buy	S&P 500 I-SHARES	$2,533,000	+0.8%	5,879	+0.6%	0.16%	+0.6%
BIO	Buy	BIO-RAD LABORATORIES INC	$2,510,000	+25.8%	3,364	+8.6%	0.16%	+26.2%
ANSS	Buy	ANSYS INC.	$2,448,000	+6.7%	7,191	+8.8%	0.16%	+6.7%
TRMB	Buy	TRIMBLE NAV LTD.	$2,360,000	+9.4%	28,692	+8.8%	0.15%	+9.2%
WAT	Buy	WATERS CORP	$2,191,000	+12.2%	6,131	+8.6%	0.14%	+12.6%
ORLY	Buy	O REILLY AUTOMOTIVE, INC	$2,193,000	+13.5%	3,588	+5.2%	0.14%	+13.5%
GMED	Buy	GLOBUS MEDICAL INC	$2,120,000	+7.3%	27,674	+8.6%	0.14%	+7.0%
TSCO	Buy	TRACTOR SUPPLY COMPANY	$2,069,000	+11.6%	10,213	+2.5%	0.14%	+11.6%
EFX	Buy	EQUIFAX INC.	$2,073,000	+15.4%	8,180	+9.0%	0.14%	+15.4%
J	Buy	JACOBS ENGINEERING GROUP	$2,054,000	+7.5%	15,501	+8.2%	0.13%	+7.2%
XOM	Sell	EXXON MOBIL CORPORATION	$1,980,000	-11.8%	33,657	-5.4%	0.13%	-12.2%
WMT	Buy	WAL-MART STORES INC	$1,891,000	+6.2%	13,570	+7.5%	0.12%	+6.0%
SHY	Buy	ISHARES TR 1-3 YR TREASURY IND	$1,844,000	+0.2%	21,409	+0.2%	0.12%	0.0%
FDS	Buy	FACTSET RESEARCH SYSTEMS INC.	$1,785,000	+27.8%	4,521	+8.7%	0.12%	+27.5%
ILMN	Sell	ILLUMINA INC	$1,657,000	-36.8%	4,085	-26.2%	0.11%	-36.8%
MORN	Buy	MORNINGSTAR INC.	$1,637,000	+10.2%	6,319	+9.4%	0.11%	+10.3%
CSCO	Sell	CISCO SYSTEMS INC	$1,510,000	-0.2%	27,738	-2.8%	0.10%	-1.0%
GNTX	Buy	GENTEX CORP	$1,453,000	+8.8%	44,049	+9.1%	0.10%	+9.2%
KEY	Buy	KEY CORP.	$1,438,000	+15.6%	66,492	+10.4%	0.09%	+16.0%
IJR	Buy	ISHARES TR S&P SMALLCAP 600 IN	$1,414,000	-3.3%	12,948	+0.0%	0.09%	-3.2%
CTLT	New	CATALENT INC	$1,390,000	–	10,447	–	0.09%	–
EFA	Buy	ISHARES MSCI EAFE INDEX FUND	$1,384,000	+9.7%	17,746	+10.9%	0.09%	+9.8%
KO	Sell	COCA COLA CO	$1,348,000	-6.9%	25,688	-4.0%	0.09%	-7.4%
WLTW	Buy	WILLIS TOWERS WATSON PUBLIC LT	$1,342,000	+10.3%	5,774	+9.1%	0.09%	+10.1%
CASY	Buy	CASEYS GEN STORES INC	$1,284,000	+6.3%	6,813	+9.7%	0.08%	+6.3%
MKL	Buy	MARKEL CORP	$1,240,000	+10.6%	1,038	+9.8%	0.08%	+11.0%
HBAN	Buy	HUNTINGTON BANCSHARES INC	$1,204,000	+18.2%	77,883	+9.0%	0.08%	+16.4%
CHD	Buy	CHURCH & DWIGHT CO INC	$1,149,000	+4.5%	13,918	+7.9%	0.08%	+4.2%
ABBV	Buy	ABBVIE INC	$1,059,000	-3.8%	9,814	+0.4%	0.07%	-4.2%
MKC	Buy	MCCORMICK & CO	$1,021,000	-0.7%	12,601	+8.3%	0.07%	0.0%
IEX	Buy	IDEX CORP	$927,000	+2.3%	4,477	+8.7%	0.06%	+1.7%
NVDA	Buy	NVIDIA CORP.	$892,000	+5.2%	4,304	+306.0%	0.06%	+5.5%
CMA	Buy	COMERICA	$801,000	+23.6%	9,956	+9.6%	0.05%	+23.8%
UNH	Buy	UNITEDHEALTH GROUP INC	$805,000	+1.4%	2,059	+3.8%	0.05%	0.0%
T	Sell	AT&T CORP	$756,000	-12.8%	27,998	-7.1%	0.05%	-14.0%
IBM	Sell	INTL BUSINESS MACH	$754,000	-78.8%	5,429	-77.6%	0.05%	-78.9%
VNQ	Buy	VANGUARD REIT ETF	$729,000	+14.4%	7,161	+14.4%	0.05%	+14.3%
VTI	Buy	VANGUARD TOTAL STOCK MARKET ET	$697,000	-0.1%	3,138	+0.2%	0.04%	-2.2%
KMB	Buy	KIMBERLY CLARK CORP	$680,000	+1.0%	5,132	+2.0%	0.04%	0.0%
IWO	Sell	ISHARES TR RUSSELL 2000 GROWTH	$618,000	-18.8%	2,105	-13.7%	0.04%	-20.0%
QQQ	Buy	NASDAQ-100 INDEX TRACKING STOC	$575,000	+5.5%	1,607	+4.6%	0.04%	+2.8%
COF	Buy	CAPITAL ONE FINANCIAL CORP	$567,000	+30.6%	3,501	+24.9%	0.04%	+32.1%
HON	Sell	HONEYWELL INTL INC	$538,000	-15.8%	2,533	-13.1%	0.04%	-16.7%
CAT	Buy	CATERPILLAR INC	$486,000	-7.8%	2,532	+4.6%	0.03%	-5.9%
UNP	Sell	UNION PACIFIC CORP	$471,000	-18.2%	2,401	-8.4%	0.03%	-18.4%
TGT	Buy	TARGET CORP	$459,000	+5.0%	2,007	+11.1%	0.03%	+3.4%
VUSB	Buy	VANGUARD ULTRASHORT BOND ETF	$449,000	+3.0%	8,960	+2.9%	0.03%	+3.6%
GLD	Sell	STREETTRACKS GOLD TRUST	$450,000	-10.2%	2,742	-9.4%	0.03%	-12.1%
ED	Buy	CONSOLIDATED EDISON INC	$407,000	+3.3%	5,600	+1.8%	0.03%	+3.8%
VCSH	Buy	VANGUARD SCOTTSDALE SHORT TERM	$406,000	+2.5%	4,932	+3.1%	0.03%	0.0%
BAC	Buy	BANK OF AMERICA CORP COM	$373,000	+56.7%	8,779	+51.9%	0.02%	+50.0%
PYPL	Buy	PAYPAL HOLDINGS INC	$355,000	-9.9%	1,363	+0.7%	0.02%	-11.5%
ORCL	Sell	ORACLE CORP COM	$352,000	-10.2%	4,036	-19.9%	0.02%	-11.5%
BIV	Buy	VANGUARD INTERM TERM BOND ETF	$318,000	+6.0%	3,555	+6.7%	0.02%	+5.0%
SO	Sell	SOUTHERN CO	$319,000	-4.8%	5,142	-7.2%	0.02%	-4.5%
VUG	Sell	VANGUARD INDEX FDS VANGUARD GR	$328,000	+0.3%	1,129	-1.0%	0.02%	0.0%
WEC	Sell	WISCONSIN ENERGY CORP.	$277,000	-15.0%	3,142	-14.2%	0.02%	-14.3%
ITOT	Sell	ISHARES CORE S&P TOTAL US STOC	$272,000	-27.5%	2,767	-27.2%	0.02%	-25.0%
GIS	Buy	GENERAL MILLS INC.	$245,000	+2.1%	4,090	+3.6%	0.02%	0.0%
MRNA	New	MDRNA INC COM	$249,000	–	646	–	0.02%	–
IWM	New	ISHARES RUSSELL 2000 INDEX	$252,000	–	1,152	–	0.02%	–
DGRS	New	WISDOMTREE TR US SMALL CAP DIV	$246,000	–	5,550	–	0.02%	–
AMGN	New	AMGEN INC COM	$230,000	–	1,080	–	0.02%	–
TSM	New	TAIWAN SEMICONDUCTOR MANUFACTU	$211,000	–	1,886	–	0.01%	–
GSK	Sell	GLAXO SMITHKLINE PLC ADR	$214,000	-7.4%	5,598	-3.4%	0.01%	-6.7%
ETN	New	EATON CORP	$215,000	–	1,442	–	0.01%	–
CARR	New	CARRIER GLOBAL CORPORATION COM	$206,000	–	3,975	–	0.01%	–
NFLX	New	NETFLIX INC	$204,000	–	334	–	0.01%	–
GE	Exit	GENERAL ELEC CO COM	$0	–	-13,273	–	-0.01%	–
AAL	Exit	AMERICAN AIRLINES GROUP INC	$0	–	-9,500	–	-0.01%	–
VTRS	Exit	VIATRIS INC	$0	–	-13,763	–	-0.01%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-1,775	–	-0.01%	–
BABA	Exit	ALIBABA GROUP HOLDING LIMITED	$0	–	-936	–	-0.01%	–
NVS	Exit	NOVARTIS AG	$0	–	-2,439	–	-0.02%	–
KKR	Exit	KKR & CO L P DEL COM UNITS	$0	–	-5,000	–	-0.02%	–
PM	Exit	PHILIP MORRIS INTL INC.	$0	–	-2,961	–	-0.02%	–

Q2 2021

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$91,471,000	–	337,656	–	5.98%	–
GOOGL	New	ALPHABET INC CLASS A	$74,003,000	–	30,307	–	4.83%	–
JNJ	New	JOHNSON & JOHNSON	$61,684,000	–	374,433	–	4.03%	–
LOW	New	LOWES COMPANIES INC	$60,637,000	–	312,608	–	3.96%	–
FDX	New	FEDEX CORPORATION	$54,655,000	–	183,203	–	3.57%	–
AAPL	New	APPLE INC	$52,196,000	–	381,101	–	3.41%	–
ACN	New	ACCENTURE PLC CL A	$51,556,000	–	174,891	–	3.37%	–
CVS	New	CVS HEALTH CORP	$48,347,000	–	579,428	–	3.16%	–
FB	New	FACEBOOK INC COM	$47,404,000	–	136,331	–	3.10%	–
SBUX	New	STARBUCKS CORP	$47,087,000	–	421,136	–	3.08%	–
MDLZ	New	MONDELEZ INTL INC COM	$47,085,000	–	754,087	–	3.08%	–
PG	New	PROCTER & GAMBLE CO	$45,821,000	–	339,590	–	2.99%	–
VMI	New	VALMONT INDUSTRIES INC	$45,408,000	–	192,367	–	2.97%	–
GS	New	GOLDMAN SACHS GROUP INC	$44,971,000	–	118,492	–	2.94%	–
RTX	New	RAYTHEON TECHNOLOGIES CORPORAT	$44,624,000	–	523,083	–	2.92%	–
BDX	New	BECTON DICKINSON & CO	$42,154,000	–	173,337	–	2.75%	–
ABT	New	ABBOTT LABORATORIES	$40,073,000	–	345,662	–	2.62%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$38,733,000	–	203,047	–	2.53%	–
DCI	New	DONALDSON COMPANY INC	$37,058,000	–	583,323	–	2.42%	–
PEP	New	PEPSICO INCORPORATED	$36,980,000	–	249,581	–	2.42%	–
DIS	New	DISNEY (WALT) CO.	$35,814,000	–	203,757	–	2.34%	–
SYK	New	STRYKER CORP	$35,225,000	–	135,621	–	2.30%	–
TFC	New	TRUIST FINL CORP	$33,510,000	–	603,789	–	2.19%	–
DHR	New	DANAHER CORP	$31,469,000	–	117,264	–	2.06%	–
MDT	New	MEDTRONIC INC	$29,517,000	–	237,790	–	1.93%	–
V	New	VISA INC.	$25,120,000	–	107,433	–	1.64%	–
SPY	New	SPDR TRUST SERIES I	$23,541,000	–	54,995	–	1.54%	–
CL	New	COLGATE PALMOLIVE CO.	$20,682,000	–	254,234	–	1.35%	–
ROST	New	ROSS STORES INC	$19,680,000	–	158,708	–	1.28%	–
GOOG	New	ALPHABET INC CLASS C	$17,227,000	–	6,873	–	1.12%	–
OTIS	New	OTIS WORLDWIDE CORPORATION	$13,066,000	–	159,790	–	0.85%	–
BRKB	New	BERKSHIRE HATHAWAY CL. B	$9,115,000	–	32,799	–	0.60%	–
IVE	New	ISHARES S&P 500 VALUE ETF	$8,767,000	–	59,384	–	0.57%	–
IEFA	New	ISHARES TRUST CORE MSCI EAFE	$7,686,000	–	102,674	–	0.50%	–
IVW	New	ISHARES TR S&P 500/ GROWTH IND	$7,690,000	–	105,728	–	0.50%	–
AGG	New	ISHARES CORE U.S. AGGREGATE BO	$6,889,000	–	59,736	–	0.45%	–
URI	New	UNITED RENTALS INC	$6,177,000	–	19,363	–	0.40%	–
NSC	New	NORFOLK SOUTHERN CORP	$5,726,000	–	21,574	–	0.37%	–
IEMG	New	ISHARES CORE MSCI EMERGING MAR	$5,553,000	–	82,897	–	0.36%	–
PFE	New	PFIZER INC	$4,554,000	–	116,288	–	0.30%	–
INTC	New	INTEL CORP	$4,304,000	–	76,669	–	0.28%	–
VZ	New	VERIZON COMMUNICATIONS	$4,256,000	–	75,955	–	0.28%	–
EPAM	New	EPAM SYSTEMS INC	$4,232,000	–	8,283	–	0.28%	–
ULTA	New	ULTA BEAUTY INC.	$4,211,000	–	12,179	–	0.28%	–
AMZN	New	AMAZON.COM	$4,156,000	–	1,208	–	0.27%	–
MMM	New	3M COMPANY	$3,931,000	–	19,793	–	0.26%	–
UPS	New	UNITED PARCEL SVC INC B	$3,822,000	–	18,376	–	0.25%	–
BMY	New	BRISTOL MYERS SQUIBB	$3,758,000	–	56,240	–	0.24%	–
SYY	New	SYSCO CORP COM	$3,568,000	–	45,893	–	0.23%	–
IBM	New	INTL BUSINESS MACH	$3,557,000	–	24,262	–	0.23%	–
DOC	New	PHYSICIANS REALTY TRUST	$3,451,000	–	186,850	–	0.22%	–
GD	New	GENERAL DYNAMICS CRP	$3,420,000	–	18,167	–	0.22%	–
JPM	New	JPMORGAN CHASE & CO	$3,358,000	–	21,592	–	0.22%	–
USB	New	U.S. BANCORP.	$3,295,000	–	57,837	–	0.22%	–
MRK	New	MERCK & CO INC NEW	$3,241,000	–	41,675	–	0.21%	–
D	New	DOMINION ENERGY INC	$3,101,000	–	42,152	–	0.20%	–
IJH	New	ISHARES TR S&P MIDCAP 400 INDE	$3,000,000	–	11,165	–	0.20%	–
CVX	New	CHEVRON CORPORATION	$2,716,000	–	25,927	–	0.18%	–
ILMN	New	ILLUMINA INC	$2,621,000	–	5,538	–	0.17%	–
MCD	New	MCDONALDS CORP	$2,586,000	–	11,197	–	0.17%	–
IVV	New	S&P 500 I-SHARES	$2,513,000	–	5,846	–	0.16%	–
ANSS	New	ANSYS INC.	$2,294,000	–	6,611	–	0.15%	–
XOM	New	EXXON MOBIL CORPORATION	$2,245,000	–	35,586	–	0.15%	–
TRMB	New	TRIMBLE NAV LTD.	$2,157,000	–	26,365	–	0.14%	–
IT	New	GARTNER INC	$2,155,000	–	8,898	–	0.14%	–
EVH	New	EVOLENT HEALTH INC	$2,112,000	–	100,000	–	0.14%	–
BIO	New	BIO-RAD LABORATORIES INC	$1,996,000	–	3,097	–	0.13%	–
BX	New	BLACKSTONE	$1,994,000	–	20,532	–	0.13%	–
GMED	New	GLOBUS MEDICAL INC	$1,976,000	–	25,490	–	0.13%	–
WAT	New	WATERS CORP	$1,952,000	–	5,648	–	0.13%	–
ORLY	New	O REILLY AUTOMOTIVE, INC	$1,932,000	–	3,411	–	0.13%	–
HIG	New	HARTFORD FINANCIAL SERVICES GR	$1,909,000	–	30,803	–	0.12%	–
J	New	JACOBS ENGINEERING GROUP	$1,911,000	–	14,322	–	0.12%	–
MCHP	New	MICROCHIP TECH INC	$1,908,000	–	12,742	–	0.12%	–
BLK	New	BLACKROCK INC.	$1,866,000	–	2,133	–	0.12%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$1,854,000	–	9,963	–	0.12%	–
SHY	New	ISHARES TR 1-3 YR TREASURY IND	$1,841,000	–	21,363	–	0.12%	–
EFX	New	EQUIFAX INC.	$1,797,000	–	7,502	–	0.12%	–
WMT	New	WAL-MART STORES INC	$1,780,000	–	12,620	–	0.12%	–
DAL	New	DELTA AIR LINES INC.	$1,687,000	–	39,008	–	0.11%	–
BHRB	New	BURKE & HERBERT BANK & TRUST	$1,689,000	–	824	–	0.11%	–
CSCO	New	CISCO SYSTEMS INC	$1,513,000	–	28,538	–	0.10%	–
AER	New	AERCAP HOLDINGS NV	$1,495,000	–	29,200	–	0.10%	–
MORN	New	MORNINGSTAR INC.	$1,485,000	–	5,776	–	0.10%	–
KO	New	COCA COLA CO	$1,448,000	–	26,763	–	0.10%	–
IJR	New	ISHARES TR S&P SMALLCAP 600 IN	$1,462,000	–	12,943	–	0.10%	–
FDS	New	FACTSET RESEARCH SYSTEMS INC.	$1,397,000	–	4,161	–	0.09%	–
GNTX	New	GENTEX CORP	$1,336,000	–	40,389	–	0.09%	–
EFA	New	ISHARES MSCI EAFE INDEX FUND	$1,262,000	–	15,996	–	0.08%	–
KEY	New	KEY CORP.	$1,244,000	–	60,241	–	0.08%	–
CASY	New	CASEYS GEN STORES INC	$1,208,000	–	6,208	–	0.08%	–
WLTW	New	WILLIS TOWERS WATSON PUBLIC LT	$1,217,000	–	5,292	–	0.08%	–
ADBE	New	ADOBE SYSTEMS INC.	$1,114,000	–	1,902	–	0.07%	–
MKL	New	MARKEL CORP	$1,121,000	–	945	–	0.07%	–
ABBV	New	ABBVIE INC	$1,101,000	–	9,771	–	0.07%	–
CHD	New	CHURCH & DWIGHT CO INC	$1,099,000	–	12,895	–	0.07%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$1,019,000	–	71,422	–	0.07%	–
MKC	New	MCCORMICK & CO	$1,028,000	–	11,636	–	0.07%	–
SYNL	New	SYNALLOY CORP.	$948,000	–	94,886	–	0.06%	–
IWF	New	ISHARES TR RUSSELL 1000 GROWTH	$940,000	–	3,461	–	0.06%	–
IEX	New	IDEX CORP	$906,000	–	4,117	–	0.06%	–
T	New	AT&T CORP	$867,000	–	30,127	–	0.06%	–
BRKA	New	BERKSHIRE HATHAWAY CL. A	$837,000	–	2	–	0.06%	–
NVDA	New	NVIDIA CORP.	$848,000	–	1,060	–	0.06%	–
UNH	New	UNITEDHEALTH GROUP INC	$794,000	–	1,983	–	0.05%	–
PINS	New	PINTEREST INC CLASS A	$790,000	–	10,000	–	0.05%	–
IWO	New	ISHARES TR RUSSELL 2000 GROWTH	$761,000	–	2,440	–	0.05%	–
IWD	New	ISHARES RUSSELL 1000 VALUE IND	$731,000	–	4,607	–	0.05%	–
SHOP	New	SHOPIFY INC FCLASS A	$730,000	–	500	–	0.05%	–
DUK	New	DUKE ENERGY CORP.	$720,000	–	7,291	–	0.05%	–
VTI	New	VANGUARD TOTAL STOCK MARKET ET	$698,000	–	3,133	–	0.05%	–
VO	New	VANGUARD MID CAP ETF	$692,000	–	2,917	–	0.04%	–
LRCX	New	LAM RESEARCH CORP	$672,000	–	1,033	–	0.04%	–
KMB	New	KIMBERLY CLARK CORP	$673,000	–	5,032	–	0.04%	–
TTD	New	THE TRADE DESK INC CLASS A	$658,000	–	8,500	–	0.04%	–
VNQ	New	VANGUARD REIT ETF	$637,000	–	6,260	–	0.04%	–
HON	New	HONEYWELL INTL INC	$639,000	–	2,914	–	0.04%	–
CMA	New	COMERICA	$648,000	–	9,080	–	0.04%	–
AL	New	AIR LEASE CORP CLASS A	$626,000	–	15,000	–	0.04%	–
UNP	New	UNION PACIFIC CORP	$576,000	–	2,621	–	0.04%	–
HD	New	HOME DEPOT INC	$559,000	–	1,754	–	0.04%	–
QQQ	New	NASDAQ-100 INDEX TRACKING STOC	$545,000	–	1,537	–	0.04%	–
CAT	New	CATERPILLAR INC	$527,000	–	2,420	–	0.03%	–
MAR	New	MARRIOTT INTL INC NEW CL. A	$514,000	–	3,767	–	0.03%	–
GLD	New	STREETTRACKS GOLD TRUST	$501,000	–	3,027	–	0.03%	–
CMCSA	New	COMCAST CORP CL A	$504,000	–	8,839	–	0.03%	–
SASR	New	SANDY SPRING BANCORP, INC.	$507,000	–	11,497	–	0.03%	–
AVGO	New	BROADCOM LTD COM NPV	$492,000	–	1,032	–	0.03%	–
AZO	New	AUTOZONE INC	$492,000	–	330	–	0.03%	–
NEE	New	NEXTERA ENERGY INC.	$444,000	–	6,056	–	0.03%	–
VOOG	New	VANGUARD S&P 500 GROWTH ETF	$437,000	–	1,666	–	0.03%	–
ABM	New	ABM INDUSTRIES INC.	$437,000	–	9,857	–	0.03%	–
TGT	New	TARGET CORP	$437,000	–	1,807	–	0.03%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$434,000	–	2,804	–	0.03%	–
VUSB	New	VANGUARD ULTRASHORT BOND ETF	$436,000	–	8,710	–	0.03%	–
PYPL	New	PAYPAL HOLDINGS INC	$394,000	–	1,353	–	0.03%	–
LMT	New	LOCKHEED MARTIN CORP	$404,000	–	1,069	–	0.03%	–
CTSH	New	COGNIZANT TECH SOLUTIONS CORP	$392,000	–	5,653	–	0.03%	–
VCSH	New	VANGUARD SCOTTSDALE SHORT TERM	$396,000	–	4,786	–	0.03%	–
ORCL	New	ORACLE CORP COM	$392,000	–	5,036	–	0.03%	–
ED	New	CONSOLIDATED EDISON INC	$394,000	–	5,500	–	0.03%	–
ITOT	New	ISHARES CORE S&P TOTAL US STOC	$375,000	–	3,799	–	0.02%	–
MA	New	MASTERCARD INC.	$372,000	–	1,019	–	0.02%	–
PANW	New	PALO ALTO NETWORKS	$371,000	–	1,000	–	0.02%	–
BBCA	New	JPMORGAN ETF BETABULDRS CDA	$357,000	–	5,516	–	0.02%	–
TIP	New	ISHARES BARCLAYS TREAS INFLATI	$346,000	–	2,700	–	0.02%	–
SO	New	SOUTHERN CO	$335,000	–	5,543	–	0.02%	–
ENB	New	ENBRIDGE INC	$330,000	–	8,248	–	0.02%	–
BA	New	BOEING CO	$333,000	–	1,391	–	0.02%	–
VUG	New	VANGUARD INDEX FDS VANGUARD GR	$327,000	–	1,140	–	0.02%	–
WEC	New	WISCONSIN ENERGY CORP.	$326,000	–	3,663	–	0.02%	–
FVCB	New	FVCBANKCORP INC	$303,000	–	17,577	–	0.02%	–
BIV	New	VANGUARD INTERM TERM BOND ETF	$300,000	–	3,333	–	0.02%	–
EWJ	New	ISHARES MSCI JAPAN INDEX FUND	$300,000	–	4,446	–	0.02%	–
LLY	New	LILLY ELI & CO	$300,000	–	1,305	–	0.02%	–
BBJP	New	JPMORGAN ETF BETBULD JAPAN	$289,000	–	5,119	–	0.02%	–
XLF	New	SPDR TRUST SHARES FINANCIAL SE	$296,000	–	8,070	–	0.02%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$286,000	–	567	–	0.02%	–
PM	New	PHILIP MORRIS INTL INC.	$293,000	–	2,961	–	0.02%	–
MCO	New	MOODY'S CORP.	$294,000	–	810	–	0.02%	–
KKR	New	KKR & CO L P DEL COM UNITS	$296,000	–	5,000	–	0.02%	–
AMAT	New	APPLIED MATERIALS INC.	$287,000	–	2,015	–	0.02%	–
AXP	New	AMERICAN EXPRESS CO	$298,000	–	1,804	–	0.02%	–
IEUR	New	ISHARES TRUST CORE MSCI EUROPE	$288,000	–	5,026	–	0.02%	–
IDXX	New	IDEXX LABS CORP.	$270,000	–	428	–	0.02%	–
XLI	New	INDUSTRIAL SECTOR SPDR	$267,000	–	2,608	–	0.02%	–
MU	New	MICRON TECHNOLOGIES	$256,000	–	3,016	–	0.02%	–
DTE	New	DTE ENERGY HOLDING CO	$260,000	–	2,010	–	0.02%	–
	New	SIEMENS AG REG SHS ORD	$238,000	–	1,500	–	0.02%	–
BAC	New	BANK OF AMERICA CORP COM	$238,000	–	5,779	–	0.02%	–
GIS	New	GENERAL MILLS INC.	$240,000	–	3,946	–	0.02%	–
NTRS	New	NORTHERN TRUST COMPANY	$230,000	–	1,986	–	0.02%	–
VV	New	VANGUARD LARGE CAP ETF	$229,000	–	1,143	–	0.02%	–
DE	New	DEERE & CO.	$223,000	–	632	–	0.02%	–
LIN	New	LINDE PLC	$229,000	–	791	–	0.02%	–
STZ	New	CONSTELLATION BRANDS INC. A	$236,000	–	1,007	–	0.02%	–
GSK	New	GLAXO SMITHKLINE PLC ADR	$231,000	–	5,798	–	0.02%	–
NVS	New	NOVARTIS AG	$223,000	–	2,439	–	0.02%	–
BABA	New	ALIBABA GROUP HOLDING LIMITED	$212,000	–	936	–	0.01%	–
CTXS	New	CITRIX SYSTEMS INC	$208,000	–	1,775	–	0.01%	–
DVY	New	ISHARES SELECT DIVIDEND	$211,000	–	1,807	–	0.01%	–
	New	BASF SE NPV	$221,000	–	2,800	–	0.01%	–
VTRS	New	VIATRIS INC	$197,000	–	13,763	–	0.01%	–
NOC	New	NORTHROP GRUMMAN CORP.	$205,000	–	563	–	0.01%	–
AAL	New	AMERICAN AIRLINES GROUP INC	$201,000	–	9,500	–	0.01%	–
GE	New	GENERAL ELEC CO COM	$179,000	–	13,273	–	0.01%	–

Q4 2020

			Value		Shares		↓ Weighting
SIRI	Exit	SIRIUS SATELLITE RADIO	$0	–	-20,000	–	-0.01%	–
GE	Exit	GENERAL ELEC CO COM	$0	–	-19,044	–	-0.01%	–
KGC	Exit	KINROSS GOLD CORP	$0	–	-16,445	–	-0.01%	–
FVCB	Exit	FVCBANKCORP INC	$0	–	-17,577	–	-0.02%	–
AAL	Exit	AMERICAN AIRLINES GROUP INC	$0	–	-14,000	–	-0.02%	–
MNDO	Exit	MIND C T I LTD	$0	–	-77,287	–	-0.02%	–
VV	Exit	VANGUARD LARGE CAP ETF	$0	–	-1,280	–	-0.02%	–
NVS	Exit	NOVARTIS AG	$0	–	-2,439	–	-0.02%	–
PM	Exit	PHILIP MORRIS INTL INC.	$0	–	-2,722	–	-0.02%	–
VCSH	Exit	VANGUARD SCOTTSDALE SHORT TERM	$0	–	-2,567	–	-0.02%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-1,058	–	-0.02%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP	$0	–	-2,900	–	-0.02%	–
CARR	Exit	CARRIER GLOBAL CORPORATION COM	$0	–	-6,933	–	-0.02%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKET	$0	–	-5,502	–	-0.02%	–
AMT	Exit	AMERICAN TOWER CORP	$0	–	-896	–	-0.02%	–
GSK	Exit	GLAXO SMITHKLINE PLC ADR	$0	–	-5,798	–	-0.02%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-500	–	-0.02%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-6,000	–	-0.02%	–
DTE	Exit	DTE ENERGY HOLDING CO	$0	–	-2,000	–	-0.02%	–
BSV	Exit	VANGUARD BOND INDEX SHORT TERM	$0	–	-2,795	–	-0.02%	–
GIS	Exit	GENERAL MILLS INC.	$0	–	-3,946	–	-0.02%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-1,775	–	-0.02%	–
ENB	Exit	ENBRIDGE INC	$0	–	-8,248	–	-0.02%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-1,246	–	-0.02%	–
ITOT	Exit	ISHARES CORE S&P TOTAL US STOC	$0	–	-3,223	–	-0.02%	–
PANW	Exit	PALO ALTO NETWORKS	$0	–	-1,000	–	-0.02%	–
VUG	Exit	VANGUARD INDEX FDS VANGUARD GR	$0	–	-1,044	–	-0.02%	–
IWF	Exit	ISHARES TR RUSSELL 1000 GROWTH	$0	–	-1,173	–	-0.02%	–
SASR	Exit	SANDY SPRING BANCORP, INC.	$0	–	-11,497	–	-0.02%	–
TGT	Exit	TARGET CORP	$0	–	-1,689	–	-0.02%	–
IVV	Exit	S&P 500 I-SHARES	$0	–	-814	–	-0.02%	–
CMA	Exit	COMERICA	$0	–	-7,682	–	-0.02%	–
MA	Exit	MASTERCARD INC.	$0	–	-902	–	-0.03%	–
ORCL	Exit	ORACLE CORP COM	$0	–	-4,996	–	-0.03%	–
BA	Exit	BOEING CO	$0	–	-1,891	–	-0.03%	–
SO	Exit	SOUTHERN CO	$0	–	-5,713	–	-0.03%	–
SPR	Exit	SPIRIT AEROSYSTEMS HOLDINGS IN	$0	–	-16,983	–	-0.03%	–
BABA	Exit	ALIBABA GROUP HOLDING LIMITED	$0	–	-1,087	–	-0.03%	–
BIV	Exit	VANGUARD INTERM TERM BOND ETF	$0	–	-3,668	–	-0.03%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-7,723	–	-0.03%	–
CAT	Exit	CATERPILLAR INC	$0	–	-2,409	–	-0.03%	–
VO	Exit	VANGUARD MID CAP ETF	$0	–	-2,027	–	-0.03%	–
UNH	Exit	UNITEDHEALTH GROUP INC COM	$0	–	-1,204	–	-0.03%	–
V	Exit	VISA INC.	$0	–	-1,825	–	-0.03%	–
QQQ	Exit	NASDAQ-100 INDEX TRACKING STOC	$0	–	-1,337	–	-0.03%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-1,139	–	-0.03%	–
WEC	Exit	WISCONSIN ENERGY CORP.	$0	–	-3,996	–	-0.03%	–
MAR	Exit	MARRIOTT INTL INC NEW CL. A	$0	–	-4,175	–	-0.03%	–
AZO	Exit	AUTOZONE INC	$0	–	-335	–	-0.03%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,066	–	-0.04%	–
PINS	Exit	PINTEREST INC CLASS A	$0	–	-10,000	–	-0.04%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-5,500	–	-0.04%	–
AL	Exit	AIR LEASE CORP CLASS A	$0	–	-15,000	–	-0.04%	–
TIP	Exit	ISHARES BARCLAYS TREAS INFLATI	$0	–	-3,478	–	-0.04%	–
TTD	Exit	THE TRADE DESK INC CLASS A	$0	–	-850	–	-0.04%	–
NEE	Exit	NEXTERA ENERGY INC.	$0	–	-1,628	–	-0.04%	–
AVGO	Exit	BROADCOM LTD COM NPV	$0	–	-1,250	–	-0.04%	–
VNQ	Exit	VANGUARD REIT ETF	$0	–	-6,260	–	-0.04%	–
SHOP	Exit	SHOPIFY INC FCLASS A	$0	–	-500	–	-0.04%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET ET	$0	–	-2,994	–	-0.04%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-3,161	–	-0.04%	–
ABM	Exit	ABM INDUSTRIES INC.	$0	–	-14,557	–	-0.05%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,894	–	-0.05%	–
SYNL	Exit	SYNALLOY CORP.	$0	–	-99,523	–	-0.05%	–
NVDA	Exit	NVIDIA CORP.	$0	–	-1,022	–	-0.05%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-59,897	–	-0.05%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-7,133	–	-0.05%	–
IWO	Exit	ISHARES TR RUSSELL 2000 GROWTH	$0	–	-2,696	–	-0.05%	–
KEY	Exit	KEY CORP.	$0	–	-51,109	–	-0.05%	–
DUK	Exit	DUKE ENERGY CORP.	$0	–	-6,951	–	-0.05%	–
IEX	Exit	IDEX CORP	$0	–	-3,469	–	-0.06%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL. A	$0	–	-2	–	-0.06%	–
DOX	Exit	AMDOCS LTD ORD GBP0.01	$0	–	-12,135	–	-0.06%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-5,026	–	-0.06%	–
AER	Exit	AERCAP HOLDINGS NV	$0	–	-29,200	–	-0.06%	–
MORN	Exit	MORNINGSTAR INC.	$0	–	-4,726	–	-0.07%	–
MKL	Exit	MARKEL CORP	$0	–	-810	–	-0.07%	–
IJR	Exit	ISHARES TR S&P SMALLCAP 600 IN	$0	–	-11,386	–	-0.07%	–
ABBV	Exit	ABBVIE INC	$0	–	-9,349	–	-0.07%	–
GLD	Exit	STREETTRACKS GOLD TRUST	$0	–	-4,758	–	-0.07%	–
GNTX	Exit	GENTEX CORP	$0	–	-33,982	–	-0.08%	–
IT	Exit	GARTNER INC	$0	–	-7,258	–	-0.08%	–
WAT	Exit	WATERS CORP	$0	–	-4,748	–	-0.08%	–
WLTW	Exit	WILLIS TOWERS WATSON PUBLIC LT	$0	–	-4,438	–	-0.08%	–
EFX	Exit	EQUIFAX INC.	$0	–	-6,269	–	-0.08%	–
EFA	Exit	ISHARES MSCI EAFE INDEX FUND	$0	–	-15,796	–	-0.09%	–
BDN	Exit	BRANDYWINE RLTY TR SH BEN INT	$0	–	-102,789	–	-0.09%	–
BX	Exit	BLACKSTONE	$0	–	-20,532	–	-0.09%	–
TRMB	Exit	TRIMBLE NAV LTD.	$0	–	-22,175	–	-0.09%	–
GMED	Exit	GLOBUS MEDICAL INC	$0	–	-22,195	–	-0.10%	–
J	Exit	JACOBS ENGINEERING GROUP	$0	–	-11,999	–	-0.10%	–
HIG	Exit	HARTFORD FINANCIAL SERVICES GR	$0	–	-30,803	–	-0.10%	–
FDS	Exit	FACTSET RESEARCH SYSTEMS INC.	$0	–	-3,506	–	-0.10%	–
DAL	Exit	DELTA AIR LINES INC.	$0	–	-39,000	–	-0.10%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-35,039	–	-0.10%	–
BLK	Exit	BLACKROCK INC.	$0	–	-2,121	–	-0.10%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-8,619	–	-0.11%	–
EVH	Exit	EVOLENT HEALTH INC	$0	–	-100,000	–	-0.11%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-13,899	–	-0.11%	–
T	Exit	AT&T CORP	$0	–	-46,224	–	-0.11%	–
BHRB	Exit	BURKE & HERBERT BANK & TRUST	$0	–	-824	–	-0.12%	–
BIO	Exit	BIO-RAD LABORATORIES INC	$0	–	-2,622	–	-0.12%	–
WRE	Exit	WASHINGTON REAL ESTATE	$0	–	-68,123	–	-0.12%	–
MCHP	Exit	MICROCHIP TECH INC	$0	–	-13,739	–	-0.12%	–
KO	Exit	COCA COLA CO	$0	–	-29,166	–	-0.12%	–
MKC	Exit	MCCORMICK & CO	$0	–	-7,494	–	-0.13%	–
ORLY	Exit	O REILLY AUTOMOTIVE, INC	$0	–	-3,189	–	-0.13%	–
ILMN	Exit	ILLUMINA INC	$0	–	-4,791	–	-0.13%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-42,083	–	-0.14%	–
SHY	Exit	ISHARES TR 1-3 YR TREASURY IND	$0	–	-19,373	–	-0.14%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-17,730	–	-0.15%	–
WY	Exit	WEYERHAEUSER CO.	$0	–	-60,270	–	-0.15%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-24,129	–	-0.15%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-12,482	–	-0.15%	–
IJH	Exit	ISHARES TR S&P MIDCAP 400 INDE	$0	–	-9,525	–	-0.15%	–
USB	Exit	U.S. BANCORP.	$0	–	-50,365	–	-0.16%	–
ANSS	Exit	ANSYS INC.	$0	–	-5,531	–	-0.16%	–
MCD	Exit	MCDONALDS CORP	$0	–	-8,391	–	-0.16%	–
GD	Exit	GENERAL DYNAMICS CRP	$0	–	-15,755	–	-0.19%	–
EPAM	Exit	EPAM SYSTEMS INC	$0	–	-7,005	–	-0.20%	–
ULTA	Exit	ULTA BEAUTY INC.	$0	–	-11,225	–	-0.22%	–
SYY	Exit	SYSCO CORP COM	$0	–	-40,954	–	-0.22%	–
UPS	Exit	UNITED PARCEL SVC INC B	$0	–	-16,533	–	-0.24%	–
MMM	Exit	3M COMPANY	$0	–	-18,458	–	-0.26%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-36,366	–	-0.26%	–
BMY	Exit	BRISTOL MYERS SQUIBB	$0	–	-50,390	–	-0.26%	–
AMZN	Exit	AMAZON.COM	$0	–	-982	–	-0.27%	–
URI	Exit	UNITED RENTALS INC	$0	–	-20,500	–	-0.31%	–
INTC	Exit	INTEL CORP	$0	–	-70,513	–	-0.32%	–
IEMG	Exit	ISHARES CORE MSCI EMERGING MAR	$0	–	-69,750	–	-0.32%	–
PFE	Exit	PFIZER INC	$0	–	-108,506	–	-0.34%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-19,496	–	-0.36%	–
IBM	Exit	INTL BUSINESS MACH	$0	–	-36,148	–	-0.38%	–
IVW	Exit	ISHARES TR S&P 500/ GROWTH IND	$0	–	-21,112	–	-0.42%	–
IVE	Exit	ISHARES S&P 500 VALUE ETF	$0	–	-44,613	–	-0.44%	–
IEFA	Exit	ISHARES TRUST CORE MSCI EAFE	$0	–	-90,551	–	-0.47%	–
AGG	Exit	ISHARES CORE U.S. AGGREGATE BO	$0	–	-58,295	–	-0.60%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL. B	$0	–	-33,098	–	-0.61%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-142,927	–	-0.74%	–
OTIS	Exit	OTIS WORLDWIDE CORPORATION	$0	–	-158,685	–	-0.86%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-7,466	–	-0.95%	–
ROST	Exit	ROSS STORES INC	$0	–	-163,520	–	-1.32%	–
SPY	Exit	SPDR TRUST SERIES I	$0	–	-55,500	–	-1.61%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORPORAT	$0	–	-325,250	–	-1.62%	–
CL	Exit	COLGATE PALMOLIVE CO.	$0	–	-270,804	–	-1.81%	–
CTSH	Exit	COGNIZANT TECH SOLUTIONS CORP	$0	–	-306,436	–	-1.84%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-195,200	–	-1.86%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-590,065	–	-1.94%	–
VMI	Exit	VALMONT INDUSTRIES INC	$0	–	-188,164	–	-2.02%	–
MDT	Exit	MEDTRONIC INC	$0	–	-230,303	–	-2.07%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-119,414	–	-2.08%	–
DIS	Exit	DISNEY (WALT) CO.	$0	–	-210,229	–	-2.26%	–
DHR	Exit	DANAHER CORP	$0	–	-121,324	–	-2.26%	–
DCI	Exit	DONALDSON COMPANY INC	$0	–	-574,117	–	-2.31%	–
SYK	Exit	STRYKER CORP	$0	–	-133,439	–	-2.41%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-516,407	–	-2.61%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-246,806	–	-2.96%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-421,361	–	-3.14%	–
FB	Exit	FACEBOOK INC COM	$0	–	-138,428	–	-3.14%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-337,898	–	-3.18%	–
ACN	Exit	ACCENTURE PLC CL A	$0	–	-175,834	–	-3.44%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-171,858	–	-3.46%	–
AAPL	Exit	APPLE INC	$0	–	-348,449	–	-3.50%	–
MDLZ	Exit	MONDELEZ INTL INC COM	$0	–	-721,091	–	-3.59%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-30,385	–	-3.86%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-322,876	–	-3.89%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-182,645	–	-3.98%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-305,628	–	-4.39%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-376,120	–	-4.85%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-344,638	–	-6.28%	–

Q3 2020

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$72,488,000	-17.2%	344,638	-19.9%	6.28%	-12.3%
JNJ	Sell	JOHNSON & JOHNSON	$55,997,000	-11.3%	376,120	-16.2%	4.85%	-6.1%
LOW	Sell	LOWES COMPANIES INC	$50,691,000	-0.5%	305,628	-18.9%	4.39%	+5.4%
FDX	Sell	FEDEX CORPORATION	$45,939,000	+44.0%	182,645	-19.7%	3.98%	+52.5%
PG	Sell	PROCTER & GAMBLE CO	$44,877,000	-5.6%	322,876	-18.8%	3.89%	-0.1%
GOOGL	Sell	ALPHABET INC CLASS A	$44,532,000	-15.6%	30,385	-18.4%	3.86%	-10.7%
MDLZ	Sell	MONDELEZ INTL INC COM	$41,427,000	-10.0%	721,091	-19.9%	3.59%	-4.7%
AAPL	Buy	APPLE INC	$40,354,000	-0.9%	348,449	+212.2%	3.50%	+5.0%
BDX	Buy	BECTON DICKINSON & CO	$39,988,000	+56.8%	171,858	+61.2%	3.46%	+66.1%
ACN	Sell	ACCENTURE PLC CL A	$39,737,000	-14.1%	175,834	-18.4%	3.44%	-9.0%
ABT	Sell	ABBOTT LABORATORIES	$36,773,000	-3.8%	337,898	-19.2%	3.18%	+1.9%
FB	Sell	FACEBOOK INC COM	$36,254,000	-7.0%	138,428	-19.4%	3.14%	-1.5%
SBUX	Sell	STARBUCKS CORP	$36,203,000	-7.4%	421,361	-20.7%	3.14%	-1.9%
PEP	Sell	PEPSICO INCORPORATED	$34,207,000	-13.7%	246,806	-17.6%	2.96%	-8.5%
CVS	Sell	CVS HEALTH CORP	$30,158,000	-25.8%	516,407	-17.4%	2.61%	-21.4%
SYK	Sell	STRYKER CORP	$27,805,000	-7.7%	133,439	-20.1%	2.41%	-2.2%
DCI	Sell	DONALDSON COMPANY INC	$26,651,000	-22.2%	574,117	-22.0%	2.31%	-17.6%
DHR	Sell	DANAHER CORP	$26,125,000	-2.0%	121,324	-19.5%	2.26%	+3.8%
DIS	Sell	DISNEY (WALT) CO.	$26,085,000	-11.6%	210,229	-20.6%	2.26%	-6.4%
GS	Sell	GOLDMAN SACHS GROUP INC	$23,999,000	-19.5%	119,414	-20.8%	2.08%	-14.7%
MDT	Sell	MEDTRONIC INC	$23,933,000	-9.1%	230,303	-19.8%	2.07%	-3.8%
VMI	Sell	VALMONT INDUSTRIES INC	$23,366,000	-12.1%	188,164	-19.6%	2.02%	-6.9%
TFC	Sell	TRUIST FINL CORP	$22,452,000	-18.2%	590,065	-19.3%	1.94%	-13.4%
PNC	Sell	PNC FINANCIAL SERVICES GROUP	$21,454,000	-17.3%	195,200	-20.8%	1.86%	-12.4%
CTSH	Sell	COGNIZANT TECH SOLUTIONS CORP	$21,273,000	-2.5%	306,436	-20.2%	1.84%	+3.3%
CL	Sell	COLGATE PALMOLIVE CO.	$20,893,000	+3.6%	270,804	-1.6%	1.81%	+9.8%
RTX	Sell	RAYTHEON TECHNOLOGIES CORPORAT	$18,715,000	-20.8%	325,250	-15.2%	1.62%	-16.1%
SPY	Sell	SPDR TRUST SERIES I	$18,586,000	+5.2%	55,500	-3.2%	1.61%	+11.4%
ROST	Sell	ROSS STORES INC	$15,260,000	-14.3%	163,520	-21.7%	1.32%	-9.3%
GOOG	Sell	ALPHABET INC CLASS C	$10,973,000	-22.2%	7,466	-25.2%	0.95%	-17.6%
OTIS	Sell	OTIS WORLDWIDE CORPORATION	$9,905,000	-8.7%	158,685	-16.9%	0.86%	-3.4%
VZ	Sell	VERIZON COMMUNICATIONS	$8,503,000	+7.7%	142,927	-0.2%	0.74%	+13.9%
AGG	Buy	ISHARES CORE U.S. AGGREGATE BO	$6,882,000	+7.9%	58,295	+8.0%	0.60%	+14.2%
IEFA	Sell	ISHARES TRUST CORE MSCI EAFE	$5,458,000	+4.9%	90,551	-0.5%	0.47%	+11.0%
IVE	Buy	ISHARES S&P 500 VALUE ETF	$5,017,000	+5.6%	44,613	+1.6%	0.44%	+12.1%
IVW	Buy	ISHARES TR S&P 500/ GROWTH IND	$4,879,000	+11.5%	21,112	+0.1%	0.42%	+18.2%
IBM	Buy	INTL BUSINESS MACH	$4,398,000	+2.1%	36,148	+1.3%	0.38%	+8.2%
NSC	Buy	NORFOLK SOUTHERN CORP	$4,172,000	+24.8%	19,496	+2.4%	0.36%	+32.2%
PFE	Buy	PFIZER INC	$3,982,000	+28.5%	108,506	+14.4%	0.34%	+35.8%
IEMG	Buy	ISHARES CORE MSCI EMERGING MAR	$3,683,000	+12.2%	69,750	+1.1%	0.32%	+19.0%
INTC	Buy	INTEL CORP	$3,651,000	-11.6%	70,513	+2.1%	0.32%	-6.5%
URI	Sell	UNITED RENTALS INC	$3,577,000	+11.6%	20,500	-4.7%	0.31%	+18.3%
AMZN	Sell	AMAZON.COM	$3,092,000	-37.3%	982	-45.1%	0.27%	-33.5%
BMY	Sell	BRISTOL MYERS SQUIBB	$3,038,000	+1.5%	50,390	-1.0%	0.26%	+7.3%
MRK	Buy	MERCK & CO INC NEW	$3,017,000	+309.9%	36,366	+282.0%	0.26%	+335.0%
MMM	Sell	3M COMPANY	$2,957,000	+2.2%	18,458	-0.5%	0.26%	+8.0%
UPS	Buy	UNITED PARCEL SVC INC B	$2,755,000	+53.0%	16,533	+2.0%	0.24%	+62.6%
SYY	Buy	SYSCO CORP COM	$2,548,000	+15.0%	40,954	+1.0%	0.22%	+22.1%
ULTA	Buy	ULTA BEAUTY INC.	$2,514,000	+48.9%	11,225	+35.2%	0.22%	+58.0%
EPAM	Buy	EPAM SYSTEMS INC	$2,265,000	+34.8%	7,005	+5.1%	0.20%	+43.1%
GD	New	GENERAL DYNAMICS CRP	$2,181,000	–	15,755	–	0.19%	–
ANSS	Buy	ANSYS INC.	$1,810,000	+18.1%	5,531	+5.3%	0.16%	+25.6%
USB	Buy	U.S. BANCORP.	$1,806,000	-0.2%	50,365	+2.4%	0.16%	+5.4%
IJH	Buy	ISHARES TR S&P MIDCAP 400 INDE	$1,765,000	+10.2%	9,525	+5.8%	0.15%	+16.8%
CVX	Sell	CHEVRON CORPORATION	$1,737,000	-22.1%	24,129	-3.4%	0.15%	-17.6%
WY	Sell	WEYERHAEUSER CO.	$1,719,000	+25.0%	60,270	-1.5%	0.15%	+33.0%
JPM	Sell	JPMORGAN CHASE & CO	$1,707,000	+0.8%	17,730	-1.5%	0.15%	+7.2%
SHY	Sell	ISHARES TR 1-3 YR TREASURY IND	$1,676,000	-10.9%	19,373	-10.8%	0.14%	-5.8%
CSCO	Buy	CISCO SYSTEMS INC	$1,658,000	-14.8%	42,083	+0.8%	0.14%	-9.4%
ILMN	Buy	ILLUMINA INC	$1,481,000	-13.1%	4,791	+4.1%	0.13%	-7.9%
ORLY	Sell	O REILLY AUTOMOTIVE, INC	$1,471,000	-11.1%	3,189	-18.7%	0.13%	-5.9%
MKC	Buy	MCCORMICK & CO	$1,455,000	+13.8%	7,494	+5.1%	0.13%	+20.0%
MCHP	New	MICROCHIP TECH INC	$1,412,000	–	13,739	–	0.12%	–
WRE	Buy	WASHINGTON REAL ESTATE	$1,371,000	-7.5%	68,123	+2.0%	0.12%	-1.7%
BIO	Buy	BIO-RAD LABORATORIES INC	$1,352,000	+19.9%	2,622	+4.9%	0.12%	+27.2%
T	Sell	AT&T CORP	$1,318,000	-6.9%	46,224	-1.2%	0.11%	-1.7%
CHD	Buy	CHURCH & DWIGHT CO INC	$1,303,000	+27.0%	13,899	+4.7%	0.11%	+34.5%
TSCO	Sell	TRACTOR SUPPLY COMPANY	$1,235,000	-12.3%	8,619	-19.4%	0.11%	-7.0%
XOM	Sell	EXXON MOBIL CORPORATION	$1,203,000	-49.7%	35,039	-34.5%	0.10%	-46.9%
FDS	Buy	FACTSET RESEARCH SYSTEMS INC.	$1,174,000	+7.0%	3,506	+5.0%	0.10%	+13.3%
J	Buy	JACOBS ENGINEERING GROUP	$1,113,000	+14.7%	11,999	+4.9%	0.10%	+21.5%
GMED	Buy	GLOBUS MEDICAL INC	$1,099,000	+8.9%	22,195	+4.9%	0.10%	+14.5%
TRMB	Buy	TRIMBLE NAV LTD.	$1,080,000	+18.7%	22,175	+5.2%	0.09%	+27.0%
BDN	Buy	BRANDYWINE RLTY TR SH BEN INT	$1,063,000	-2.6%	102,789	+2.6%	0.09%	+3.4%
EFX	Buy	EQUIFAX INC.	$984,000	-4.0%	6,269	+5.2%	0.08%	+1.2%
WAT	Buy	WATERS CORP	$929,000	+14.1%	4,748	+5.2%	0.08%	+19.4%
WLTW	Buy	WILLIS TOWERS WATSON PUBLIC LT	$927,000	+11.8%	4,438	+5.4%	0.08%	+17.6%
IT	Buy	GARTNER INC	$907,000	+8.8%	7,258	+5.6%	0.08%	+16.2%
GNTX	Buy	GENTEX CORP	$875,000	+5.3%	33,982	+5.4%	0.08%	+11.8%
GLD	Sell	STREETTRACKS GOLD TRUST	$843,000	-32.8%	4,758	-36.5%	0.07%	-29.1%
ABBV	Buy	ABBVIE INC	$819,000	-10.6%	9,349	+0.2%	0.07%	-5.3%
IJR	Buy	ISHARES TR S&P SMALLCAP 600 IN	$800,000	+9.9%	11,386	+6.8%	0.07%	+15.0%
MKL	Buy	MARKEL CORP	$788,000	+11.3%	810	+5.6%	0.07%	+17.2%
MORN	Buy	MORNINGSTAR INC.	$759,000	+20.3%	4,726	+5.5%	0.07%	+26.9%
DOX	Buy	AMDOCS LTD ORD GBP0.01	$697,000	-0.9%	12,135	+5.0%	0.06%	+5.3%
IEX	Buy	IDEX CORP	$633,000	+21.3%	3,469	+5.1%	0.06%	+27.9%
DUK	Buy	DUKE ENERGY CORP.	$616,000	+11.8%	6,951	+0.9%	0.05%	+17.8%
KEY	Buy	KEY CORP.	$610,000	+2.7%	51,109	+4.8%	0.05%	+8.2%
HBAN	Buy	HUNTINGTON BANCSHARES INC	$549,000	+6.2%	59,897	+4.8%	0.05%	+14.3%
ABM	New	ABM INDUSTRIES INC.	$534,000	–	14,557	–	0.05%	–
HON	Buy	HONEYWELL INTL INC	$520,000	+15.6%	3,161	+1.6%	0.04%	+21.6%
VTI	Buy	VANGUARD TOTAL STOCK MARKET ET	$510,000	+20.3%	2,994	+10.6%	0.04%	+25.7%
VNQ	Sell	VANGUARD REIT ETF	$494,000	-0.6%	6,260	-1.2%	0.04%	+4.9%
AVGO	New	BROADCOM LTD COM NPV	$455,000	–	1,250	–	0.04%	–
V	Sell	VISA INC.	$365,000	+2.2%	1,825	-1.2%	0.03%	+10.3%
QQQ	New	NASDAQ-100 INDEX TRACKING STOC	$371,000	–	1,337	–	0.03%	–
SPR	Buy	SPIRIT AEROSYSTEMS HOLDINGS IN	$321,000	-18.3%	16,983	+3.5%	0.03%	-12.5%
BA	Buy	BOEING CO	$313,000	+19.9%	1,891	+32.7%	0.03%	+28.6%
ORCL	Sell	ORACLE CORP COM	$298,000	-0.3%	4,996	-7.7%	0.03%	+8.3%
MA	Buy	MASTERCARD INC.	$305,000	+16.9%	902	+2.3%	0.03%	+23.8%
CMA	Buy	COMERICA	$294,000	+5.0%	7,682	+4.6%	0.02%	+8.7%
ENB	Sell	ENBRIDGE INC	$241,000	-9.4%	8,248	-5.7%	0.02%	-4.5%
PYPL	Sell	PAYPAL HOLDINGS INC	$245,000	+4.3%	1,246	-7.4%	0.02%	+10.5%
ITOT	New	ISHARES CORE S&P TOTAL US STOC	$243,000	–	3,223	–	0.02%	–
VUG	Sell	VANGUARD INDEX FDS VANGUARD GR	$238,000	+9.7%	1,044	-2.6%	0.02%	+16.7%
BSV	New	VANGUARD BOND INDEX SHORT TERM	$232,000	–	2,795	–	0.02%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKET	$225,000	–	5,502	–	0.02%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$221,000	–	500	–	0.02%	–
GSK	New	GLAXO SMITHKLINE PLC ADR	$218,000	–	5,798	–	0.02%	–
VCSH	New	VANGUARD SCOTTSDALE SHORT TERM	$213,000	–	2,567	–	0.02%	–
CARR	New	CARRIER GLOBAL CORPORATION COM	$212,000	–	6,933	–	0.02%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$208,000	–	2,900	–	0.02%	–
UNP	New	UNION PACIFIC CORP	$208,000	–	1,058	–	0.02%	–
PM	New	PHILIP MORRIS INTL INC.	$204,000	–	2,722	–	0.02%	–
VV	New	VANGUARD LARGE CAP ETF	$200,000	–	1,280	–	0.02%	–
KGC	New	KINROSS GOLD CORP	$145,000	–	16,445	–	0.01%	–
GE	Sell	GENERAL ELEC CO COM	$119,000	-15.6%	19,044	-7.8%	0.01%	-16.7%
HALO	Exit	HALOZYME THERAPEUTICS INC	$0	–	-7,500	–	-0.02%	–
AMD	Exit	ADVANCED MICRO DEVICES	$0	–	-5,254	–	-0.02%	–
SQ	Exit	SQUARE INC CLASS A	$0	–	-3,500	–	-0.03%	–
AVGO	Exit	BROADCOM LTD COM NPV	$0	–	-1,250	–	-0.03%	–

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$87,587,000	–	430,383	–	7.16%	–
JNJ	New	JOHNSON & JOHNSON	$63,139,000	–	448,976	–	5.16%	–
GOOGL	New	ALPHABET INC CLASS A	$52,781,000	–	37,221	–	4.32%	–
LOW	New	LOWES COMPANIES INC	$50,948,000	–	377,058	–	4.17%	–
PG	New	PROCTER & GAMBLE CO	$47,561,000	–	397,765	–	3.89%	–
ACN	New	ACCENTURE PLC CL A	$46,251,000	–	215,401	–	3.78%	–
MDLZ	New	MONDELEZ INTL INC COM	$46,009,000	–	899,852	–	3.76%	–
AAPL	New	APPLE INC	$40,711,000	–	111,598	–	3.33%	–
CVS	New	CVS HEALTH CORP	$40,632,000	–	625,394	–	3.32%	–
PEP	New	PEPSICO INCORPORATED	$39,622,000	–	299,574	–	3.24%	–
SBUX	New	STARBUCKS CORP	$39,078,000	–	531,024	–	3.20%	–
FB	New	FACEBOOK INC COM	$38,985,000	–	171,686	–	3.19%	–
ABT	New	ABBOTT LABORATORIES	$38,216,000	–	417,980	–	3.12%	–
DCI	New	DONALDSON COMPANY INC	$34,239,000	–	736,010	–	2.80%	–
FDX	New	FEDEX CORPORATION	$31,896,000	–	227,468	–	2.61%	–
SYK	New	STRYKER CORP	$30,110,000	–	167,103	–	2.46%	–
GS	New	GOLDMAN SACHS GROUP INC	$29,809,000	–	150,838	–	2.44%	–
DIS	New	DISNEY (WALT) CO.	$29,509,000	–	264,629	–	2.41%	–
TFC	New	TRUIST FINL CORP	$27,455,000	–	731,168	–	2.24%	–
DHR	New	DANAHER CORP	$26,659,000	–	150,763	–	2.18%	–
VMI	New	VALMONT INDUSTRIES INC	$26,589,000	–	234,013	–	2.17%	–
MDT	New	MEDTRONIC INC	$26,338,000	–	287,221	–	2.15%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$25,941,000	–	246,568	–	2.12%	–
BDX	New	BECTON DICKINSON & CO	$25,504,000	–	106,593	–	2.09%	–
RTX	New	RAYTHEON TECHNOLOGIES CORPORAT	$23,641,000	–	383,656	–	1.93%	–
CTSH	New	COGNIZANT TECH SOLUTIONS CORP	$21,811,000	–	383,854	–	1.78%	–
CL	New	COLGATE PALMOLIVE CO.	$20,165,000	–	275,246	–	1.65%	–
ROST	New	ROSS STORES INC	$17,812,000	–	208,967	–	1.46%	–
SPY	New	SPDR TRUST SERIES I	$17,672,000	–	57,309	–	1.44%	–
GOOG	New	ALPHABET INC CLASS C	$14,103,000	–	9,977	–	1.15%	–
OTIS	New	OTIS WORLDWIDE CORPORATION	$10,854,000	–	190,891	–	0.89%	–
VZ	New	VERIZON COMMUNICATIONS	$7,895,000	–	143,205	–	0.65%	–
AGG	New	ISHARES CORE U.S. AGGREGATE BO	$6,380,000	–	53,970	–	0.52%	–
BRKB	New	BERKSHIRE HATHAWAY CL. B	$5,908,000	–	33,098	–	0.48%	–
IEFA	New	ISHARES TRUST CORE MSCI EAFE	$5,203,000	–	91,025	–	0.43%	–
AMZN	New	AMAZON.COM	$4,933,000	–	1,788	–	0.40%	–
IVE	New	ISHARES S&P 500 VALUE ETF	$4,750,000	–	43,894	–	0.39%	–
IVW	New	ISHARES TR S&P 500/ GROWTH IND	$4,376,000	–	21,092	–	0.36%	–
IBM	New	INTL BUSINESS MACH	$4,308,000	–	35,668	–	0.35%	–
INTC	New	INTEL CORP	$4,130,000	–	69,033	–	0.34%	–
NSC	New	NORFOLK SOUTHERN CORP	$3,342,000	–	19,036	–	0.27%	–
IEMG	New	ISHARES CORE MSCI EMERGING MAR	$3,282,000	–	68,957	–	0.27%	–
URI	New	UNITED RENTALS INC	$3,204,000	–	21,500	–	0.26%	–
PFE	New	PFIZER INC	$3,100,000	–	94,808	–	0.25%	–
BMY	New	BRISTOL MYERS SQUIBB	$2,992,000	–	50,885	–	0.24%	–
MMM	New	3M COMPANY	$2,893,000	–	18,543	–	0.24%	–
XOM	New	EXXON MOBIL CORPORATION	$2,391,000	–	53,461	–	0.20%	–
CVX	New	CHEVRON CORPORATION	$2,230,000	–	24,989	–	0.18%	–
SYY	New	SYSCO CORP COM	$2,216,000	–	40,549	–	0.18%	–
CSCO	New	CISCO SYSTEMS INC	$1,947,000	–	41,753	–	0.16%	–
SHY	New	ISHARES TR 1-3 YR TREASURY IND	$1,881,000	–	21,717	–	0.15%	–
USB	New	U.S. BANCORP.	$1,810,000	–	49,165	–	0.15%	–
UPS	New	UNITED PARCEL SVC INC B	$1,801,000	–	16,203	–	0.15%	–
ILMN	New	ILLUMINA INC	$1,704,000	–	4,601	–	0.14%	–
JPM	New	JPMORGAN CHASE & CO	$1,693,000	–	18,000	–	0.14%	–
ULTA	New	ULTA SALON COSMETCS INC	$1,688,000	–	8,300	–	0.14%	–
EPAM	New	EPAM SYSTEMS INC	$1,680,000	–	6,667	–	0.14%	–
ORLY	New	O REILLY AUTOMOTIVE, INC	$1,654,000	–	3,922	–	0.14%	–
IJH	New	ISHARES TR S&P MIDCAP 400 INDE	$1,601,000	–	9,003	–	0.13%	–
MCD	New	MCDONALDS CORP	$1,548,000	–	8,391	–	0.13%	–
ANSS	New	ANSYS INC.	$1,532,000	–	5,253	–	0.12%	–
WMT	New	WAL-MART STORES INC	$1,495,000	–	12,482	–	0.12%	–
WRE	New	WASHINGTON REAL ESTATE	$1,482,000	–	66,773	–	0.12%	–
T	New	AT&T CORP	$1,415,000	–	46,798	–	0.12%	–
BHRB	New	BURKE & HERBERT BANK & TRUST	$1,424,000	–	824	–	0.12%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$1,409,000	–	10,694	–	0.12%	–
WY	New	WEYERHAEUSER CO.	$1,375,000	–	61,209	–	0.11%	–
KO	New	COCA COLA CO	$1,303,000	–	29,166	–	0.11%	–
MKC	New	MCCORMICK & CO	$1,279,000	–	7,130	–	0.10%	–
GLD	New	STREETTRACKS GOLD TRUST	$1,254,000	–	7,493	–	0.10%	–
HIG	New	HARTFORD FINANCIAL SERVICES GR	$1,187,000	–	30,803	–	0.10%	–
BX	New	BLACKSTONE	$1,163,000	–	20,532	–	0.10%	–
BLK	New	BLACKROCK INC.	$1,154,000	–	2,121	–	0.09%	–
BIO	New	BIO-RAD LABORATORIES INC	$1,128,000	–	2,499	–	0.09%	–
FDS	New	FACTSET RESEARCH SYSTEMS INC.	$1,097,000	–	3,340	–	0.09%	–
DAL	New	DELTA AIR LINES INC.	$1,094,000	–	39,000	–	0.09%	–
BDN	New	BRANDYWINE RLTY TR SH BEN INT	$1,091,000	–	100,214	–	0.09%	–
EFX	New	EQUIFAX INC.	$1,025,000	–	5,961	–	0.08%	–
CHD	New	CHURCH & DWIGHT CO INC	$1,026,000	–	13,275	–	0.08%	–
GMED	New	GLOBUS MEDICAL INC	$1,009,000	–	21,150	–	0.08%	–
J	New	JACOBS ENGINEERING GROUP	$970,000	–	11,435	–	0.08%	–
EFA	New	ISHARES MSCI EAFE INDEX FUND	$962,000	–	15,796	–	0.08%	–
ABBV	New	ABBVIE INC	$916,000	–	9,327	–	0.08%	–
TRMB	New	TRIMBLE NAV LTD.	$910,000	–	21,077	–	0.07%	–
AER	New	AERCAP HOLDINGS NV	$899,000	–	29,200	–	0.07%	–
WLTW	New	WILLIS TOWERS WATSON PUBLIC LT	$829,000	–	4,210	–	0.07%	–
IT	New	GARTNER INC	$834,000	–	6,873	–	0.07%	–
GNTX	New	GENTEX CORP	$831,000	–	32,237	–	0.07%	–
WAT	New	WATERS CORP	$814,000	–	4,515	–	0.07%	–
SYNL	New	SYNALLOY CORP.	$744,000	–	99,523	–	0.06%	–
MRK	New	MERCK & CO INC NEW	$736,000	–	9,521	–	0.06%	–
IJR	New	ISHARES TR S&P SMALLCAP 600 IN	$728,000	–	10,658	–	0.06%	–
KMB	New	KIMBERLY CLARK CORP	$710,000	–	5,026	–	0.06%	–
EVH	New	EVOLENT HEALTH INC	$712,000	–	100,000	–	0.06%	–
MKL	New	MARKEL CORP	$708,000	–	767	–	0.06%	–
DOX	New	AMDOCS LTD ORD GBP0.01	$703,000	–	11,552	–	0.06%	–
MORN	New	MORNINGSTAR INC.	$631,000	–	4,480	–	0.05%	–
KEY	New	KEY CORP.	$594,000	–	48,777	–	0.05%	–
D	New	DOMINION RESOURCES INC	$579,000	–	7,133	–	0.05%	–
IWO	New	ISHARES TR RUSSELL 2000 GROWTH	$558,000	–	2,696	–	0.05%	–
DUK	New	DUKE ENERGY CORP.	$551,000	–	6,891	–	0.04%	–
BRKA	New	BERKSHIRE HATHAWAY CL. A	$535,000	–	2	–	0.04%	–
IEX	New	IDEX CORP	$522,000	–	3,300	–	0.04%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$517,000	–	57,179	–	0.04%	–
VNQ	New	VANGUARD REIT ETF	$497,000	–	6,333	–	0.04%	–
HD	New	HOME DEPOT INC	$474,000	–	1,894	–	0.04%	–
SHOP	New	SHOPIFY INC FCLASS A	$475,000	–	500	–	0.04%	–
HON	New	HONEYWELL INTL INC	$450,000	–	3,111	–	0.04%	–
AL	New	AIR LEASE CORP CLASS A	$439,000	–	15,000	–	0.04%	–
VTI	New	VANGUARD TOTAL STOCK MARKET ET	$424,000	–	2,707	–	0.04%	–
TIP	New	ISHARES BARCLAYS TREAS INFLATI	$428,000	–	3,478	–	0.04%	–
ED	New	CONSOLIDATED EDISON INC	$396,000	–	5,500	–	0.03%	–
LMT	New	LOCKHEED MARTIN CORP	$389,000	–	1,066	–	0.03%	–
NEE	New	NEXTERA ENERGY INC.	$391,000	–	1,628	–	0.03%	–
NVDA	New	NVIDIA CORP.	$388,000	–	1,022	–	0.03%	–
SPR	New	SPIRIT AEROSYSTEMS HOLDINGS IN	$393,000	–	16,413	–	0.03%	–
AVGO	New	BROADCOM LTD COM NPV	$395,000	–	1,250	–	0.03%	–
AZO	New	AUTOZONE INC	$378,000	–	335	–	0.03%	–
SQ	New	SQUARE INC CLASS A	$367,000	–	3,500	–	0.03%	–
LRCX	New	LAM RESEARCH CORP	$368,000	–	1,139	–	0.03%	–
MAR	New	MARRIOTT INTL INC NEW CL. A	$358,000	–	4,175	–	0.03%	–
WEC	New	WISCONSIN ENERGY CORP.	$350,000	–	3,996	–	0.03%	–
V	New	VISA INC.	$357,000	–	1,848	–	0.03%	–
UNH	New	UNITEDHEALTH GROUP INC COM	$355,000	–	1,204	–	0.03%	–
BIV	New	VANGUARD INTERM TERM BOND ETF	$342,000	–	3,668	–	0.03%	–
TTD	New	THE TRADE DESK INC CLASS A	$346,000	–	850	–	0.03%	–
VO	New	VANGUARD MID CAP ETF	$332,000	–	2,027	–	0.03%	–
CAT	New	CATERPILLAR INC	$305,000	–	2,409	–	0.02%	–
CMCSA	New	COMCAST CORP CL A	$301,000	–	7,723	–	0.02%	–
ORCL	New	ORACLE CORP COM	$299,000	–	5,415	–	0.02%	–
SO	New	SOUTHERN CO	$296,000	–	5,713	–	0.02%	–
AMD	New	ADVANCED MICRO DEVICES	$276,000	–	5,254	–	0.02%	–
SASR	New	SANDY SPRING BANCORP, INC.	$285,000	–	11,497	–	0.02%	–
CMA	New	COMERICA	$280,000	–	7,341	–	0.02%	–
WDC	New	WESTERN DIGITAL CORP	$265,000	–	6,000	–	0.02%	–
ENB	New	ENBRIDGE INC	$266,000	–	8,748	–	0.02%	–
CTXS	New	CITRIX SYSTEMS INC	$263,000	–	1,775	–	0.02%	–
IVV	New	S&P 500 I-SHARES	$252,000	–	814	–	0.02%	–
BA	New	BOEING CO	$261,000	–	1,425	–	0.02%	–
MA	New	MASTERCARD INC.	$261,000	–	882	–	0.02%	–
GIS	New	GENERAL MILLS INC.	$243,000	–	3,946	–	0.02%	–
BABA	New	ALIBABA GROUP HOLDING LIMITED	$234,000	–	1,087	–	0.02%	–
PYPL	New	PAYPAL HOLDINGS INC	$235,000	–	1,346	–	0.02%	–
AMT	New	AMERICAN TOWER CORP	$232,000	–	896	–	0.02%	–
PANW	New	PALO ALTO NETWORKS	$230,000	–	1,000	–	0.02%	–
VUG	New	VANGUARD INDEX FDS VANGUARD GR	$217,000	–	1,072	–	0.02%	–
PINS	New	PINTEREST INC CLASS A	$222,000	–	10,000	–	0.02%	–
DTE	New	DTE ENERGY HOLDING CO	$215,000	–	2,000	–	0.02%	–
IWF	New	ISHARES TR RUSSELL 1000 GROWTH	$225,000	–	1,173	–	0.02%	–
TGT	New	TARGET CORP	$203,000	–	1,689	–	0.02%	–
NVS	New	NOVARTIS AG	$213,000	–	2,439	–	0.02%	–
HALO	New	HALOZYME THERAPEUTICS INC	$201,000	–	7,500	–	0.02%	–
FVCB	New	FVCBANKCORP INC	$189,000	–	17,577	–	0.02%	–
AAL	New	AMERICAN AIRLINES GROUP INC	$183,000	–	14,000	–	0.02%	–
MNDO	New	MIND C T I LTD	$162,000	–	77,287	–	0.01%	–
GE	New	GENERAL ELEC CO COM	$141,000	–	20,644	–	0.01%	–
SIRI	New	SIRIUS SATELLITE RADIO	$117,000	–	20,000	–	0.01%	–

Q4 2019

			Value		Shares		↓ Weighting
TROX	Exit	TRONOX HOLDINGS PLC	$0	–	-20,955	–	-0.01%	–
MNDO	Exit	MIND C T I LTD	$0	–	-77,287	–	-0.02%	–
NVS	Exit	NOVARTIS AG	$0	–	-2,439	–	-0.02%	–
STZ	Exit	CONSTELLATION BRANDS INC. A	$0	–	-1,005	–	-0.02%	–
GE	Exit	GENERAL ELEC CO COM	$0	–	-23,844	–	-0.02%	–
MA	Exit	MASTERCARD INC.	$0	–	-815	–	-0.02%	–
UNH	Exit	UNITEDHEALTH GROUP INC COM	$0	–	-1,040	–	-0.02%	–
AMJ	Exit	JPMORGAN CHASE & CO ALERIAN ML	$0	–	-10,000	–	-0.02%	–
BP	Exit	BP AMOCO PLC SPONSORED ADR	$0	–	-6,321	–	-0.02%	–
EXC	Exit	EXELON CORP.	$0	–	-4,847	–	-0.02%	–
BIV	Exit	VANGUARD INTERM TERM BOND ETF	$0	–	-3,049	–	-0.02%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET ET	$0	–	-1,742	–	-0.02%	–
DTE	Exit	DTE ENERGY HOLDING CO	$0	–	-2,000	–	-0.02%	–
V	Exit	VISA INC.	$0	–	-1,551	–	-0.02%	–
ORCL	Exit	ORACLE CORP COM	$0	–	-5,008	–	-0.02%	–
MMP	Exit	MAGELLAN MIDSTREAM PARTNERS LP	$0	–	-4,190	–	-0.02%	–
PSXP	Exit	PHILLIPS 66 PARTNERS LP	$0	–	-4,800	–	-0.02%	–
FRT	Exit	FEDERAL REALTY INVST TR SH BEN	$0	–	-2,144	–	-0.02%	–
ENB	Exit	ENBRIDGE INC	$0	–	-8,248	–	-0.02%	–
CAT	Exit	CATERPILLAR INC	$0	–	-2,409	–	-0.02%	–
HP	Exit	HELMERICH & PAYNE	$0	–	-7,765	–	-0.02%	–
AMAT	Exit	APPLIED MATERIALS INC.	$0	–	-6,345	–	-0.02%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,369	–	-0.02%	–
FVCB	Exit	FVCBANKCORP INC	$0	–	-17,577	–	-0.02%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-7,352	–	-0.03%	–
STT	Exit	STATE STREET CORP	$0	–	-5,853	–	-0.03%	–
AZO	Exit	AUTOZONE INC	$0	–	-335	–	-0.03%	–
NEE	Exit	NEXTERA ENERGY INC.	$0	–	-1,561	–	-0.03%	–
GIS	Exit	GENERAL MILLS INC.	$0	–	-6,805	–	-0.03%	–
VO	Exit	VANGUARD MID CAP ETF	$0	–	-2,334	–	-0.03%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-4,740	–	-0.03%	–
TIP	Exit	ISHARES BARCLAYS TREAS INFLATI	$0	–	-3,478	–	-0.03%	–
WEC	Exit	WISCONSIN ENERGY CORP.	$0	–	-4,256	–	-0.03%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,344	–	-0.03%	–
IVV	Exit	S&P 500 I-SHARES	$0	–	-1,390	–	-0.03%	–
MAR	Exit	MARRIOTT INTL INC NEW CL. A	$0	–	-3,393	–	-0.03%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,126	–	-0.04%	–
CMA	Exit	COMERICA	$0	–	-6,787	–	-0.04%	–
IEX	Exit	IDEX CORP	$0	–	-2,927	–	-0.04%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-5,500	–	-0.04%	–
IWO	Exit	ISHARES TR RUSSELL 2000 GROWTH	$0	–	-2,696	–	-0.04%	–
SPR	Exit	SPIRIT AEROSYSTEMS HOLDINGS IN	$0	–	-6,983	–	-0.05%	–
VNQ	Exit	VANGUARD REIT ETF	$0	–	-6,270	–	-0.05%	–
MORN	Exit	MORNINGSTAR INC.	$0	–	-4,253	–	-0.05%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL. A	$0	–	-2	–	-0.05%	–
EPD	Exit	ENTERPRISE PRODUCTS PPTNS LP	$0	–	-23,040	–	-0.05%	–
DUK	Exit	DUKE ENERGY CORP.	$0	–	-6,891	–	-0.05%	–
ABBV	Exit	ABBVIE INC	$0	–	-9,265	–	-0.06%	–
FDS	Exit	FACTSET RESEARCH SYSTEMS INC.	$0	–	-2,929	–	-0.06%	–
TRMB	Exit	TRIMBLE NAV LTD.	$0	–	-18,780	–	-0.06%	–
WLTW	Exit	WILLIS TOWERS WATSON PUBLIC LT	$0	–	-3,860	–	-0.06%	–
BIO	Exit	BIO-RAD LABORATORIES INC	$0	–	-2,236	–	-0.06%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-52,919	–	-0.06%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-8,966	–	-0.06%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-15,561	–	-0.06%	–
BA	Exit	BOEING CO	$0	–	-2,024	–	-0.06%	–
EFX	Exit	EQUIFAX INC.	$0	–	-5,461	–	-0.06%	–
KEY	Exit	KEY CORP.	$0	–	-45,137	–	-0.06%	–
GNTX	Exit	GENTEX CORP	$0	–	-29,327	–	-0.06%	–
DOX	Exit	AMDOCS LTD ORD GBP0.01	$0	–	-12,515	–	-0.07%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-5,857	–	-0.07%	–
MKL	Exit	MARKEL CORP	$0	–	-699	–	-0.07%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-9,547	–	-0.07%	–
IJR	Exit	ISHARES TR S&P SMALLCAP 600 IN	$0	–	-11,290	–	-0.07%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-11,874	–	-0.07%	–
WAT	Exit	WATERS CORP	$0	–	-4,164	–	-0.07%	–
IT	Exit	GARTNER INC	$0	–	-6,568	–	-0.08%	–
J	Exit	JACOBS ENGINEERING GROUP	$0	–	-10,406	–	-0.08%	–
GMED	Exit	GLOBUS MEDICAL INC	$0	–	-18,787	–	-0.08%	–
MKC	Exit	MCCORMICK & CO	$0	–	-6,426	–	-0.08%	–
ANSS	Exit	ANSYS, INC.	$0	–	-4,737	–	-0.08%	–
EPAM	Exit	EPAM SYSTEMS INC	$0	–	-5,923	–	-0.09%	–
EVH	Exit	EVOLENT HEALTH INC	$0	–	-153,165	–	-0.09%	–
T	Exit	AT&T CORP	$0	–	-30,633	–	-0.09%	–
EFA	Exit	ISHARES MSCI EAFE INDEX FUND	$0	–	-17,816	–	-0.09%	–
ILMN	Exit	ILLUMINA INC	$0	–	-4,199	–	-0.10%	–
BDN	Exit	BRANDYWINE RLTY TR SH BEN INT	$0	–	-93,243	–	-0.11%	–
SYNL	Exit	SYNALLOY CORP.	$0	–	-91,229	–	-0.12%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-12,737	–	-0.12%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC	$0	–	-3,854	–	-0.12%	–
WY	Exit	WEYERHAEUSER CO.	$0	–	-56,188	–	-0.12%	–
IJH	Exit	ISHARES TR S&P MIDCAP 400 INDE	$0	–	-8,503	–	-0.13%	–
SHY	Exit	ISHARES TR 1-3 YR TREASURY IND	$0	–	-19,570	–	-0.13%	–
WRE	Exit	WASHINGTON REAL ESTATE	$0	–	-64,438	–	-0.14%	–
KO	Exit	COCA COLA CO	$0	–	-32,566	–	-0.14%	–
UPS	Exit	UNITED PARCEL SVC INC B	$0	–	-15,221	–	-0.14%	–
BHRB	Exit	BURKE & HERBERT BANK & TRUST	$0	–	-824	–	-0.15%	–
USB	Exit	U.S. BANCORP.	$0	–	-48,348	–	-0.21%	–
MMM	Exit	3M COMPANY	$0	–	-17,434	–	-0.23%	–
PFE	Exit	PFIZER INC	$0	–	-81,894	–	-0.23%	–
AMZN	Exit	AMAZON.COM	$0	–	-1,729	–	-0.24%	–
IBM	Exit	INTL BUSINESS MACH	$0	–	-20,625	–	-0.24%	–
SYY	Exit	SYSCO CORP COM	$0	–	-38,742	–	-0.24%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-18,210	–	-0.26%	–
IEMG	Exit	ISHARES CORE MSCI EMERGING MAR	$0	–	-66,520	–	-0.26%	–
INTC	Exit	INTEL CORP	$0	–	-66,506	–	-0.27%	–
IVW	Exit	ISHARES TR S&P 500/ GROWTH IND	$0	–	-21,527	–	-0.31%	–
MCD	Exit	MCDONALDS CORP	$0	–	-22,656	–	-0.39%	–
IVE	Exit	ISHARES S&P 500 VALUE ETF	$0	–	-42,343	–	-0.40%	–
IEFA	Exit	ISHARES TRUST CORE MSCI EAFE	$0	–	-93,141	–	-0.45%	–
AGG	Exit	ISHARES BARCLAYS AGGREGATE BON	$0	–	-51,670	–	-0.46%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL. B	$0	–	-33,426	–	-0.55%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-134,257	–	-0.64%	–
AAPL	Exit	APPLE INC	$0	–	-38,300	–	-0.68%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-269,926	–	-0.73%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-8,726	–	-0.85%	–
SPY	Exit	SPDR TRUST SERIES I	$0	–	-41,553	–	-0.98%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-245,952	–	-1.38%	–
VMI	Exit	VALMONT INDUSTRIES INC	$0	–	-155,745	–	-1.72%	–
CL	Exit	COLGATE PALMOLIVE CO.	$0	–	-309,084	–	-1.81%	–
CTSH	Exit	COGNIZANT TECH SOLUTIONS CORP	$0	–	-396,444	–	-1.90%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-102,304	–	-2.06%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-311,298	–	-2.19%	–
BMY	Exit	BRISTOL MYERS SQUIBB	$0	–	-580,387	–	-2.34%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-261,592	–	-2.47%	–
FB	Exit	FACEBOOK INC COM	$0	–	-175,175	–	-2.48%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-152,222	–	-2.51%	–
MDT	Exit	MEDTRONIC INC	$0	–	-292,163	–	-2.53%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-247,964	–	-2.77%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-426,079	–	-2.84%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-247,991	–	-2.87%	–
SYK	Exit	STRYKER CORP	$0	–	-169,300	–	-2.92%	–
DHR	Exit	DANAHER CORP	$0	–	-253,590	–	-2.92%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-275,663	–	-3.01%	–
DCI	Exit	DONALDSON COMPANY INC	$0	–	-749,115	–	-3.10%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-337,477	–	-3.16%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-632,655	–	-3.18%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-313,823	–	-3.23%	–
DIS	Exit	DISNEY (WALT) CO.	$0	–	-311,651	–	-3.23%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-377,145	–	-3.30%	–
ACN	Exit	ACCENTURE PLC CL A	$0	–	-216,874	–	-3.32%	–
BBT	Exit	BB&T CORP	$0	–	-792,412	–	-3.37%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-35,012	–	-3.40%	–
ROST	Exit	ROSS STORES INC	$0	–	-444,349	–	-3.88%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-402,467	–	-3.98%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-383,255	–	-4.16%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-405,265	–	-4.48%	–

Q3 2019

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$56,344,000	+2.2%	405,265	-1.6%	4.48%	-1.6%
UTX	Sell	UNITED TECHNOLOGIES CORP	$52,322,000	+4.7%	383,255	-0.1%	4.16%	+0.8%
PG	Sell	PROCTER & GAMBLE CO	$50,059,000	+12.9%	402,467	-0.5%	3.98%	+8.7%
ROST	Sell	ROSS STORES INC	$48,812,000	+10.4%	444,349	-0.4%	3.88%	+6.3%
GOOGL	Buy	ALPHABET INC CLASS A	$42,754,000	+12.9%	35,012	+0.1%	3.40%	+8.7%
BBT	Buy	BB&T CORP	$42,291,000	+16.9%	792,412	+7.6%	3.37%	+12.6%
ACN	Sell	ACCENTURE PLC CL A	$41,716,000	+3.6%	216,874	-0.5%	3.32%	-0.2%
LOW	Sell	LOWES COMPANIES INC	$41,471,000	+8.9%	377,145	-0.1%	3.30%	+4.8%
DIS	Buy	DISNEY (WALT) CO.	$40,614,000	-6.6%	311,651	+0.0%	3.23%	-10.1%
JNJ	Buy	JOHNSON & JOHNSON	$40,602,000	-7.0%	313,823	+0.1%	3.23%	-10.5%
CVS	Buy	CVS HEALTH CORP	$39,902,000	+27.1%	632,655	+9.8%	3.18%	+22.4%
JPM	Buy	JPMORGAN CHASE & CO	$39,718,000	+5.5%	337,477	+0.2%	3.16%	+1.5%
DCI	Sell	DONALDSON COMPANY INC	$39,014,000	+2.2%	749,115	-0.2%	3.10%	-1.6%
PEP	Buy	PEPSICO INCORPORATED	$37,793,000	+13.6%	275,663	+8.7%	3.01%	+9.4%
SYK	Sell	STRYKER CORP	$36,620,000	+4.7%	169,300	-0.5%	2.92%	+0.9%
DHR	Sell	DANAHER CORP	$36,626,000	+0.4%	253,590	-0.6%	2.92%	-3.3%
FDX	Buy	FEDEX CORPORATION	$36,100,000	+42.2%	247,991	+60.4%	2.87%	+36.9%
ABT	Sell	ABBOTT LABORATORIES	$35,650,000	-0.9%	426,079	-0.4%	2.84%	-4.6%
PNC	Sell	PNC FINANCIAL SERVICES GROUP	$34,755,000	+1.8%	247,964	-0.3%	2.77%	-2.0%
MDT	Buy	MEDTRONIC INC	$31,735,000	+11.9%	292,163	+0.3%	2.53%	+7.8%
GS	Buy	GOLDMAN SACHS GROUP INC	$31,545,000	+1.7%	152,222	+0.4%	2.51%	-2.1%
FB	Buy	FACEBOOK INC COM	$31,195,000	-7.5%	175,175	+0.2%	2.48%	-11.0%
CVX	Buy	CHEVRON CORPORATION	$31,025,000	-4.3%	261,592	+0.4%	2.47%	-7.9%
BMY	Buy	BRISTOL MYERS SQUIBB	$29,431,000	+12.1%	580,387	+0.3%	2.34%	+7.9%
SBUX	Sell	STARBUCKS CORP	$27,525,000	+5.2%	311,298	-0.3%	2.19%	+1.2%
BDX	Buy	BECTON DICKINSON & CO	$25,879,000	+1.1%	102,304	+0.7%	2.06%	-2.7%
CTSH	Buy	COGNIZANT TECH SOLUTIONS CORP	$23,892,000	-4.8%	396,444	+0.2%	1.90%	-8.3%
CL	Sell	COLGATE PALMOLIVE CO.	$22,721,000	+2.1%	309,084	-0.5%	1.81%	-1.7%
VMI	Buy	VALMONT INDUSTRIES INC	$21,561,000	+10.1%	155,745	+0.8%	1.72%	+6.0%
XOM	Buy	EXXON MOBIL CORPORATION	$17,367,000	-7.0%	245,952	+0.9%	1.38%	-10.5%
SPY	Sell	SPDR TRUST SERIES I	$12,332,000	-0.3%	41,553	-1.6%	0.98%	-4.0%
GOOG	Sell	ALPHABET INC CLASS C	$10,637,000	+12.6%	8,726	-0.1%	0.85%	+8.5%
SLB	Sell	SCHLUMBERGER LTD	$9,223,000	-19.5%	269,926	-6.3%	0.73%	-22.5%
AAPL	Sell	APPLE INC	$8,578,000	+10.3%	38,300	-2.6%	0.68%	+6.2%
VZ	Buy	VERIZON COMMUNICATIONS	$8,104,000	+7.0%	134,257	+1.3%	0.64%	+3.0%
BRKB	Sell	BERKSHIRE HATHAWAY CL. B	$6,953,000	-2.6%	33,426	-0.2%	0.55%	-6.3%
AGG	Buy	ISHARES BARCLAYS AGGREGATE BON	$5,848,000	+5.5%	51,670	+3.8%	0.46%	+1.5%
IEFA	Buy	ISHARES TRUST CORE MSCI EAFE	$5,688,000	+2.3%	93,141	+2.8%	0.45%	-1.5%
IVE	Buy	ISHARES S&P 500 VALUE ETF	$5,045,000	+10.1%	42,343	+7.7%	0.40%	+6.1%
MCD	Buy	MCDONALDS CORP	$4,864,000	+4.2%	22,656	+0.8%	0.39%	+0.3%
IVW	Buy	ISHARES TR S&P 500/ GROWTH IND	$3,875,000	+6.0%	21,527	+5.5%	0.31%	+2.0%
INTC	Buy	INTEL CORP	$3,427,000	+12.3%	66,506	+4.3%	0.27%	+8.3%
NSC	Sell	NORFOLK SOUTHERN CORP	$3,272,000	-9.9%	18,210	-0.0%	0.26%	-13.3%
IEMG	Buy	ISHARES CORE MSCI EMERGING MAR	$3,261,000	+4.6%	66,520	+9.7%	0.26%	+0.8%
SYY	Sell	SYSCO CORP COM	$3,076,000	-2.7%	38,742	-13.4%	0.24%	-6.1%
IBM	Buy	INTL BUSINESS MACH	$2,999,000	+6.3%	20,625	+0.8%	0.24%	+2.6%
AMZN	Buy	AMAZON.COM	$3,001,000	-8.3%	1,729	+0.1%	0.24%	-11.5%
PFE	Buy	PFIZER INC	$2,942,000	-14.3%	81,894	+3.3%	0.23%	-17.6%
MMM	Buy	3M COMPANY	$2,866,000	-1.4%	17,434	+3.9%	0.23%	-5.0%
USB	Buy	U.S. BANCORP.	$2,676,000	+6.9%	48,348	+1.2%	0.21%	+2.9%
UPS	Buy	UNITED PARCEL SVC INC B	$1,824,000	+16.6%	15,221	+0.5%	0.14%	+12.4%
KO	Buy	COCA COLA CO	$1,773,000	+13.9%	32,566	+6.6%	0.14%	+9.3%
WRE	Buy	WASHINGTON REAL ESTATE	$1,763,000	+2.9%	64,438	+0.6%	0.14%	-1.4%
SHY	Buy	ISHARES TR 1-3 YR TREASURY IND	$1,660,000	+7.9%	19,570	+7.9%	0.13%	+3.9%
IJH	Buy	ISHARES TR S&P MIDCAP 400 INDE	$1,643,000	+4.3%	8,503	+4.9%	0.13%	+0.8%
WY	Buy	WEYERHAEUSER CO.	$1,556,000	+5.3%	56,188	+0.1%	0.12%	+1.6%
ORLY	Buy	O REILLY AUTOMOTIVE INC	$1,536,000	+20.7%	3,854	+11.8%	0.12%	+16.2%
WMT	Buy	WAL-MART STORES INC	$1,512,000	+10.9%	12,737	+3.2%	0.12%	+6.2%
BDN	Buy	BRANDYWINE RLTY TR SH BEN INT	$1,413,000	+6.3%	93,243	+0.5%	0.11%	+1.8%
ILMN	Buy	ILLUMINA INC	$1,277,000	-6.2%	4,199	+13.5%	0.10%	-9.7%
T	Sell	AT&T CORP	$1,159,000	+12.3%	30,633	-0.5%	0.09%	+8.2%
EFA	Sell	ISHARES MSCI EAFE INDEX FUND	$1,162,000	-7.8%	17,816	-7.1%	0.09%	-11.5%
EPAM	Buy	EPAM SYSTEMS INC	$1,080,000	+23.7%	5,923	+17.4%	0.09%	+19.4%
ANSS	Buy	ANSYS, INC.	$1,048,000	+27.0%	4,737	+17.6%	0.08%	+22.1%
MKC	Buy	MCCORMICK & CO	$1,004,000	+18.4%	6,426	+17.4%	0.08%	+14.3%
GMED	Buy	GLOBUS MEDICAL INC	$960,000	+39.5%	18,787	+15.6%	0.08%	+33.3%
J	Buy	JACOBS ENGINEERING GROUP	$952,000	+26.1%	10,406	+16.4%	0.08%	+22.6%
IT	Buy	GARTNER INC	$939,000	+5.4%	6,568	+18.7%	0.08%	+1.4%
WAT	Buy	WATERS CORP	$929,000	+21.3%	4,164	+17.0%	0.07%	+17.5%
CHD	Buy	CHURCH & DWIGHT CO INC	$893,000	+19.2%	11,874	+15.8%	0.07%	+14.5%
IJR	Buy	ISHARES TR S&P SMALLCAP 600 IN	$879,000	+4.4%	11,290	+5.0%	0.07%	0.0%
TSCO	Buy	TRACTOR SUPPLY COMPANY	$863,000	-2.5%	9,547	+17.3%	0.07%	-5.5%
MKL	Buy	MARKEL CORP	$826,000	+24.8%	699	+15.0%	0.07%	+20.0%
DOX	Buy	AMDOCS LTD ORD GBP0.01	$827,000	+56.3%	12,515	+46.9%	0.07%	+50.0%
KMB	Buy	KIMBERLY CLARK CORP	$832,000	+8.5%	5,857	+1.7%	0.07%	+4.8%
KEY	Buy	KEY CORP.	$805,000	+18.4%	45,137	+17.8%	0.06%	+14.3%
GNTX	Buy	GENTEX CORP	$808,000	+31.0%	29,327	+16.9%	0.06%	+25.5%
EFX	Buy	EQUIFAX INC.	$768,000	+21.9%	5,461	+17.2%	0.06%	+17.3%
CSCO	Buy	CISCO SYSTEMS INC	$769,000	+4.8%	15,561	+16.1%	0.06%	0.0%
HBAN	Buy	HUNTINGTON BANCSHARES INC	$755,000	+21.4%	52,919	+17.6%	0.06%	+17.6%
MRK	Buy	MERCK & CO INC NEW	$755,000	+1.1%	8,966	+0.7%	0.06%	-3.2%
BIO	Buy	BIO-RAD LABORATORIES INC	$744,000	+23.6%	2,236	+16.2%	0.06%	+18.0%
WLTW	Buy	WILLIS TOWERS WATSON PUBLIC LT	$745,000	+18.6%	3,860	+17.7%	0.06%	+13.5%
TRMB	Buy	TRIMBLE NAV LTD.	$729,000	+1.8%	18,780	+18.4%	0.06%	-1.7%
FDS	Buy	FACTSET RESEARCH SYSTEMS INC.	$712,000	0.0%	2,929	+17.9%	0.06%	-3.4%
ABBV	Buy	ABBVIE INC	$702,000	+6.5%	9,265	+2.2%	0.06%	+3.7%
DUK	Buy	DUKE ENERGY CORP.	$661,000	+18.7%	6,891	+9.1%	0.05%	+15.2%
MORN	Buy	MORNINGSTAR INC.	$621,000	+18.5%	4,253	+17.5%	0.05%	+14.0%
SPR	Buy	SPIRIT AEROSYSTEMS HOLDINGS IN	$574,000	+19.8%	6,983	+18.5%	0.05%	+15.0%
IEX	Buy	IDEX CORP	$480,000	+11.9%	2,927	+17.3%	0.04%	+8.6%
CMA	Buy	COMERICA	$448,000	+7.2%	6,787	+18.0%	0.04%	+2.9%
LMT	Buy	LOCKHEED MARTIN CORP	$439,000	+15.5%	1,126	+7.6%	0.04%	+12.9%
IVV	Sell	S&P 500 I-SHARES	$415,000	+1.0%	1,390	-0.4%	0.03%	-2.9%
HON	Buy	HONEYWELL INTL INC	$397,000	+11.2%	2,344	+14.7%	0.03%	+6.7%
WEC	New	WISCONSIN ENERGY CORP.	$405,000	–	4,256	–	0.03%	–
VO	Sell	VANGUARD MID CAP ETF	$391,000	-2.0%	2,334	-2.1%	0.03%	-6.1%
NEE	Buy	NEXTERA ENERGY INC.	$364,000	+24.7%	1,561	+9.5%	0.03%	+20.8%
HD	Buy	HOME DEPOT INC	$318,000	+43.2%	1,369	+28.1%	0.02%	+38.9%
HP	Buy	HELMERICH & PAYNE	$311,000	-6.3%	7,765	+18.3%	0.02%	-7.4%
CAT	Sell	CATERPILLAR INC	$304,000	-17.6%	2,409	-11.1%	0.02%	-22.6%
ORCL	Sell	ORACLE CORP COM	$276,000	-6.8%	5,008	-3.7%	0.02%	-8.3%
V	Buy	VISA INC.	$267,000	+19.7%	1,551	+20.6%	0.02%	+16.7%
BIV	Buy	VANGUARD INTERM TERM BOND ETF	$268,000	+3.1%	3,049	+1.6%	0.02%	0.0%
VTI	Buy	VANGUARD TOTAL STOCK MARKET ET	$263,000	+1.5%	1,742	+1.1%	0.02%	0.0%
UNH	New	UNITEDHEALTH GROUP INC COM	$226,000	–	1,040	–	0.02%	–
MA	New	MASTERCARD INC.	$221,000	–	815	–	0.02%	–
STZ	New	CONSTELLATION BRANDS INC. A	$208,000	–	1,005	–	0.02%	–
TROX	Buy	TRONOX HOLDINGS PLC	$174,000	-19.8%	20,955	+23.2%	0.01%	-22.2%
	Exit	CHINA ORIENTAL GROUP	$0	–	-10,000	–	0.00%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-1,650	–	-0.02%	–
	Exit	BASF SE NPV	$0	–	-2,800	–	-0.02%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-1,846	–	-0.02%	–
SFM	Exit	SPROUTS FARMERS MARKET INC	$0	–	-858,467	–	-1.34%	–

Q2 2019

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$55,155,000	–	411,729	–	4.56%	–
UTX	New	UNITED TECHNOLOGIES CORP	$49,969,000	–	383,785	–	4.13%	–
PG	New	PROCTER & GAMBLE CO	$44,344,000	–	404,416	–	3.67%	–
ROST	New	ROSS STORES INC	$44,224,000	–	446,168	–	3.66%	–
JNJ	New	JOHNSON & JOHNSON	$43,679,000	–	313,607	–	3.61%	–
DIS	New	DISNEY (WALT) CO.	$43,507,000	–	311,563	–	3.60%	–
ACN	New	ACCENTURE PLC CL A	$40,256,000	–	217,870	–	3.33%	–
DCI	New	DONALDSON COMPANY INC	$38,171,000	–	750,513	–	3.16%	–
LOW	New	LOWES COMPANIES INC	$38,095,000	–	377,516	–	3.15%	–
GOOGL	New	ALPHABET INC CLASS A	$37,865,000	–	34,970	–	3.13%	–
JPM	New	JPMORGAN CHASE & CO	$37,656,000	–	336,819	–	3.11%	–
DHR	New	DANAHER CORP	$36,471,000	–	255,182	–	3.02%	–
BBT	New	BB&T CORP	$36,170,000	–	736,201	–	2.99%	–
ABT	New	ABBOTT LABORATORIES	$35,976,000	–	427,771	–	2.97%	–
SYK	New	STRYKER CORP	$34,966,000	–	170,085	–	2.89%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$34,142,000	–	248,700	–	2.82%	–
FB	New	FACEBOOK INC COM	$33,741,000	–	174,822	–	2.79%	–
PEP	New	PEPSICO INCORPORATED	$33,262,000	–	253,659	–	2.75%	–
CVX	New	CHEVRON CORPORATION	$32,427,000	–	260,586	–	2.68%	–
CVS	New	CVS HEALTH CORP	$31,392,000	–	576,108	–	2.60%	–
GS	New	GOLDMAN SACHS GROUP INC	$31,015,000	–	151,589	–	2.56%	–
MDT	New	MEDTRONIC INC	$28,359,000	–	291,194	–	2.34%	–
BMY	New	BRISTOL MYERS SQUIBB	$26,253,000	–	578,895	–	2.17%	–
SBUX	New	STARBUCKS CORP	$26,172,000	–	312,200	–	2.16%	–
BDX	New	BECTON DICKINSON & CO	$25,609,000	–	101,619	–	2.12%	–
FDX	New	FEDEX CORPORATION	$25,384,000	–	154,603	–	2.10%	–
CTSH	New	COGNIZANT TECH SOLUTIONS CORP	$25,088,000	–	395,768	–	2.07%	–
CL	New	COLGATE PALMOLIVE CO.	$22,260,000	–	310,584	–	1.84%	–
VMI	New	VALMONT INDUSTRIES INC	$19,586,000	–	154,449	–	1.62%	–
XOM	New	EXXON MOBIL CORPORATION	$18,677,000	–	243,731	–	1.54%	–
SFM	New	SPROUTS FARMERS MARKET INC	$16,216,000	–	858,467	–	1.34%	–
SPY	New	SPDR TRUST SERIES I	$12,374,000	–	42,231	–	1.02%	–
SLB	New	SCHLUMBERGER LTD	$11,454,000	–	288,219	–	0.95%	–
GOOG	New	ALPHABET INC CLASS C	$9,444,000	–	8,737	–	0.78%	–
AAPL	New	APPLE INC	$7,780,000	–	39,310	–	0.64%	–
VZ	New	VERIZON COMMUNICATIONS	$7,574,000	–	132,582	–	0.63%	–
BRKB	New	BERKSHIRE HATHAWAY CL. B	$7,141,000	–	33,501	–	0.59%	–
IEFA	New	ISHARES TRUST CORE MSCI EAFE	$5,562,000	–	90,591	–	0.46%	–
AGG	New	ISHARES BARCLAYS AGGREGATE BON	$5,544,000	–	49,789	–	0.46%	–
MCD	New	MCDONALDS CORP	$4,669,000	–	22,483	–	0.39%	–
IVE	New	ISHARES S&P 500 VALUE ETF	$4,581,000	–	39,303	–	0.38%	–
IVW	New	ISHARES TR S&P 500/ GROWTH IND	$3,656,000	–	20,400	–	0.30%	–
NSC	New	NORFOLK SOUTHERN CORP	$3,630,000	–	18,213	–	0.30%	–
PFE	New	PFIZER INC	$3,434,000	–	79,261	–	0.28%	–
AMZN	New	AMAZON.COM	$3,272,000	–	1,728	–	0.27%	–
SYY	New	SYSCO CORP COM	$3,162,000	–	44,711	–	0.26%	–
IEMG	New	ISHARES CORE MSCI EMERGING MAR	$3,118,000	–	60,620	–	0.26%	–
INTC	New	INTEL CORP	$3,053,000	–	63,771	–	0.25%	–
MMM	New	3M COMPANY	$2,908,000	–	16,774	–	0.24%	–
IBM	New	INTL BUSINESS MACH	$2,821,000	–	20,455	–	0.23%	–
USB	New	U.S. BANCORP.	$2,504,000	–	47,793	–	0.21%	–
BHRB	New	BURKE & HERBERT BANK & TRUST	$2,200,000	–	824	–	0.18%	–
WRE	New	WASHINGTON REAL ESTATE	$1,713,000	–	64,068	–	0.14%	–
IJH	New	ISHARES TR S&P MIDCAP 400 INDE	$1,575,000	–	8,109	–	0.13%	–
KO	New	COCA COLA CO	$1,556,000	–	30,555	–	0.13%	–
UPS	New	UNITED PARCEL SVC INC B	$1,564,000	–	15,146	–	0.13%	–
SHY	New	ISHARES TR 1-3 YR TREASURY IND	$1,538,000	–	18,138	–	0.13%	–
WY	New	WEYERHAEUSER CO.	$1,478,000	–	56,113	–	0.12%	–
SYNL	New	SYNALLOY CORP.	$1,425,000	–	91,229	–	0.12%	–
ILMN	New	ILLUMINA INC	$1,362,000	–	3,700	–	0.11%	–
WMT	New	WAL-MART STORES INC	$1,363,000	–	12,337	–	0.11%	–
BDN	New	BRANDYWINE RLTY TR SH BEN INT	$1,329,000	–	92,813	–	0.11%	–
ORLY	New	O REILLY AUTOMOTIVE INC	$1,273,000	–	3,447	–	0.10%	–
EFA	New	ISHARES MSCI EAFE INDEX FUND	$1,260,000	–	19,171	–	0.10%	–
EVH	New	EVOLENT HEALTH INC	$1,218,000	–	153,165	–	0.10%	–
T	New	AT&T CORP	$1,032,000	–	30,787	–	0.08%	–
IT	New	GARTNER INC	$891,000	–	5,535	–	0.07%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$885,000	–	8,137	–	0.07%	–
EPAM	New	EPAM SYSTEMS INC	$873,000	–	5,045	–	0.07%	–
IJR	New	ISHARES TR S&P SMALLCAP 600 IN	$842,000	–	10,755	–	0.07%	–
MKC	New	MCCORMICK & CO	$848,000	–	5,472	–	0.07%	–
ANSS	New	ANSYS, INC.	$825,000	–	4,029	–	0.07%	–
KMB	New	KIMBERLY CLARK CORP	$767,000	–	5,757	–	0.06%	–
WAT	New	WATERS CORP	$766,000	–	3,560	–	0.06%	–
CHD	New	CHURCH & DWIGHT CO INC	$749,000	–	10,257	–	0.06%	–
MRK	New	MERCK & CO INC NEW	$747,000	–	8,906	–	0.06%	–
J	New	JACOBS ENGINEERING GROUP	$755,000	–	8,943	–	0.06%	–
CSCO	New	CISCO SYSTEMS INC	$734,000	–	13,408	–	0.06%	–
BA	New	BOEING CO	$737,000	–	2,024	–	0.06%	–
TRMB	New	TRIMBLE NAV LTD.	$716,000	–	15,865	–	0.06%	–
FDS	New	FACTSET RESEARCH SYSTEMS INC.	$712,000	–	2,485	–	0.06%	–
GMED	New	GLOBUS MEDICAL INC	$688,000	–	16,255	–	0.06%	–
KEY	New	KEY CORP.	$680,000	–	38,331	–	0.06%	–
MKL	New	MARKEL CORP	$662,000	–	608	–	0.06%	–
EPD	New	ENTERPRISE PRODUCTS PPTNS LP	$665,000	–	23,040	–	0.06%	–
ABBV	New	ABBVIE INC	$659,000	–	9,065	–	0.05%	–
BRKA	New	BERKSHIRE HATHAWAY CL. A	$637,000	–	2	–	0.05%	–
WLTW	New	WILLIS TOWERS WATSON PUBLIC LT	$628,000	–	3,279	–	0.05%	–
EFX	New	EQUIFAX INC.	$630,000	–	4,661	–	0.05%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$622,000	–	45,012	–	0.05%	–
GNTX	New	GENTEX CORP	$617,000	–	25,087	–	0.05%	–
BIO	New	BIO-RAD LABORATORIES INC	$602,000	–	1,925	–	0.05%	–
DUK	New	DUKE ENERGY CORP.	$557,000	–	6,314	–	0.05%	–
IWO	New	ISHARES TR RUSSELL 2000 GROWTH	$542,000	–	2,696	–	0.04%	–
VNQ	New	VANGUARD REIT ETF	$548,000	–	6,270	–	0.04%	–
DOX	New	AMDOCS LTD ORD GBP0.01	$529,000	–	8,520	–	0.04%	–
MORN	New	MORNINGSTAR INC.	$524,000	–	3,620	–	0.04%	–
SPR	New	SPIRIT AEROSYSTEMS HOLDINGS IN	$479,000	–	5,892	–	0.04%	–
ED	New	CONSOLIDATED EDISON INC	$482,000	–	5,500	–	0.04%	–
MAR	New	MARRIOTT INTL INC NEW CL. A	$476,000	–	3,393	–	0.04%	–
CMA	New	COMERICA	$418,000	–	5,754	–	0.04%	–
IEX	New	IDEX CORP	$429,000	–	2,495	–	0.04%	–
IVV	New	S&P 500 I-SHARES	$411,000	–	1,396	–	0.03%	–
VO	New	VANGUARD MID CAP ETF	$399,000	–	2,384	–	0.03%	–
TIP	New	ISHARES BARCLAYS TREAS INFLATI	$402,000	–	3,478	–	0.03%	–
CAT	New	CATERPILLAR INC	$369,000	–	2,709	–	0.03%	–
LMT	New	LOCKHEED MARTIN CORP	$380,000	–	1,046	–	0.03%	–
D	New	DOMINION RESOURCES INC	$366,000	–	4,740	–	0.03%	–
HON	New	HONEYWELL INTL INC	$357,000	–	2,044	–	0.03%	–
AZO	New	AUTOZONE INC	$368,000	–	335	–	0.03%	–
GIS	New	GENERAL MILLS INC.	$357,000	–	6,805	–	0.03%	–
FVCB	New	FVCBANKCORP INC	$341,000	–	17,577	–	0.03%	–
STT	New	STATE STREET CORP	$328,000	–	5,853	–	0.03%	–
HP	New	HELMERICH & PAYNE	$332,000	–	6,565	–	0.03%	–
CMCSA	New	COMCAST CORP CL A	$311,000	–	7,352	–	0.03%	–
ENB	New	ENBRIDGE INC	$298,000	–	8,248	–	0.02%	–
AMAT	New	APPLIED MATERIALS INC.	$285,000	–	6,345	–	0.02%	–
NEE	New	NEXTERA ENERGY INC.	$292,000	–	1,426	–	0.02%	–
ORCL	New	ORACLE CORP COM	$296,000	–	5,200	–	0.02%	–
FRT	New	FEDERAL REALTY INVST TR SH BEN	$276,000	–	2,144	–	0.02%	–
BP	New	BP AMOCO PLC SPONSORED ADR	$264,000	–	6,321	–	0.02%	–
MMP	New	MAGELLAN MIDSTREAM PARTNERS LP	$268,000	–	4,190	–	0.02%	–
GE	New	GENERAL ELEC CO COM	$250,000	–	23,844	–	0.02%	–
AMJ	New	JPMORGAN CHASE & CO ALERIAN ML	$251,000	–	10,000	–	0.02%	–
BIV	New	VANGUARD INTERM TERM BOND ETF	$260,000	–	3,000	–	0.02%	–
VTI	New	VANGUARD TOTAL STOCK MARKET ET	$259,000	–	1,723	–	0.02%	–
DTE	New	DTE ENERGY HOLDING CO	$256,000	–	2,000	–	0.02%	–
PSXP	New	PHILLIPS 66 PARTNERS LP	$237,000	–	4,800	–	0.02%	–
EXC	New	EXELON CORP.	$232,000	–	4,847	–	0.02%	–
V	New	VISA INC.	$223,000	–	1,286	–	0.02%	–
TROX	New	TRONOX HOLDINGS PLC	$217,000	–	17,010	–	0.02%	–
HD	New	HOME DEPOT INC	$222,000	–	1,069	–	0.02%	–
NVS	New	NOVARTIS AG	$223,000	–	2,439	–	0.02%	–
PYPL	New	PAYPAL HOLDINGS INC	$211,000	–	1,846	–	0.02%	–
	New	BASF SE NPV	$204,000	–	2,800	–	0.02%	–
AXP	New	AMERICAN EXPRESS CO	$204,000	–	1,650	–	0.02%	–
MNDO	New	MIND C T I LTD	$172,000	–	77,287	–	0.01%	–
	New	CHINA ORIENTAL GROUP	$6,000	–	10,000	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
	Exit	SAKARI RESOURCES LIMITED LTD	$0	–	-10,000	–	0.00%	–
GEOR	Exit	GEOPETRO RESOURCES COMPANY	$0	–	-10,000	–	0.00%	–
	Exit	CHINA ORIENTAL GROUP	$0	–	-10,000	–	-0.00%	–
NYCB	Exit	NEW YORK COMMUNITY BANCORP.	$0	–	-11,096	–	-0.01%	–
ENB	Exit	ENBRIDGE INC	$0	–	-6,291	–	-0.02%	–
DTE	Exit	DTE ENERGY HOLDING CO	$0	–	-2,000	–	-0.02%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-1,950	–	-0.02%	–
NVS	Exit	NOVARTIS AG	$0	–	-2,439	–	-0.02%	–
TRGP	Exit	TARGA RES CORP	$0	–	-3,680	–	-0.02%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-1,875	–	-0.02%	–
NTRS	Exit	NORTHERN TRUST COMPANY	$0	–	-2,110	–	-0.02%	–
EXC	Exit	EXELON CORP.	$0	–	-5,190	–	-0.02%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-1,358	–	-0.02%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,094	–	-0.02%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-1,602	–	-0.02%	–
HP	Exit	HELMERICH & PAYNE	$0	–	-3,232	–	-0.02%	–
BIV	Exit	VANGUARD INTERM TERM BOND ETF	$0	–	-3,000	–	-0.02%	–
IWF	Exit	ISHARES TR RUSSELL 1000 GROWTH	$0	–	-1,525	–	-0.02%	–
PSXP	Exit	PHILLIPS 66 PARTNERS LP	$0	–	-4,800	–	-0.02%	–
AMAT	Exit	APPLIED MATERIALS INC.	$0	–	-6,345	–	-0.02%	–
	Exit	BASF SE NPV	$0	–	-2,800	–	-0.02%	–
VIS	Exit	VANGUARD INDUSTRIALS ETF	$0	–	-1,657	–	-0.02%	–
BR	Exit	BROADRIDGE FINANCIAL SOLUTIONS	$0	–	-2,000	–	-0.02%	–
AZO	Exit	AUTOZONE INC	$0	–	-335	–	-0.02%	–
PDCO	Exit	PATTERSON COMPANIES INC	$0	–	-10,442	–	-0.02%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-1,662	–	-0.02%	–
AMGN	Exit	AMGEN INC COM	$0	–	-1,325	–	-0.02%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-10,000	–	-0.02%	–
AMJ	Exit	JPMORGAN CHASE & CO ALERIAN ML	$0	–	-10,000	–	-0.02%	–
CMP	Exit	COMPASS MINERALS INT	$0	–	-4,192	–	-0.02%	–
MMP	Exit	MAGELLAN MIDSTREAM PARTNERS LP	$0	–	-4,190	–	-0.02%	–
STZ	Exit	CONSTELLATION BRANDS INC. A	$0	–	-1,305	–	-0.02%	–
FRT	Exit	FEDERAL REALTY INVST TR SH BEN	$0	–	-2,294	–	-0.02%	–
BP	Exit	BP AMOCO PLC SPONSORED ADR	$0	–	-6,321	–	-0.02%	–
HAS	Exit	HASBRO INC	$0	–	-2,964	–	-0.03%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-4,734	–	-0.03%	–
GE	Exit	GENERAL ELEC CO COM	$0	–	-27,094	–	-0.03%	–
GIS	Exit	GENERAL MILLS INC.	$0	–	-7,486	–	-0.03%	–
NEE	Exit	NEXTERA ENERGY INC.	$0	–	-1,966	–	-0.03%	–
FVCB	Exit	FVCBANKCORP INC	$0	–	-17,577	–	-0.03%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-9,950	–	-0.03%	–
CAT	Exit	CATERPILLAR INC	$0	–	-2,346	–	-0.03%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-4,995	–	-0.03%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,046	–	-0.03%	–
IVV	Exit	S&P 500 I-SHARES	$0	–	-1,324	–	-0.03%	–
TIP	Exit	ISHARES BARCLAYS TREAS INFLATI	$0	–	-3,478	–	-0.03%	–
MORN	Exit	MORNINGSTAR INC.	$0	–	-3,426	–	-0.04%	–
VO	Exit	VANGUARD MID CAP ETF	$0	–	-2,592	–	-0.04%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-5,718	–	-0.04%	–
WLTW	Exit	WILLIS TOWERS WATSON PUBLIC LT	$0	–	-3,116	–	-0.04%	–
ORCL	Exit	ORACLE CORP COM	$0	–	-8,530	–	-0.04%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-30,886	–	-0.04%	–
STT	Exit	STATE STREET CORP	$0	–	-5,853	–	-0.04%	–
CMA	Exit	COMERICA	$0	–	-5,447	–	-0.04%	–
MAR	Exit	MARRIOTT INTL INC NEW CL. A	$0	–	-3,841	–	-0.04%	–
GNTX	Exit	GENTEX CORP	$0	–	-23,822	–	-0.04%	–
SPR	Exit	SPIRIT AEROSYSTEMS HOLDINGS IN	$0	–	-5,597	–	-0.04%	–
FDS	Exit	FACTSET RESEARCH SYSTEMS INC.	$0	–	-2,363	–	-0.04%	–
DUK	Exit	DUKE ENERGY CORP.	$0	–	-6,753	–	-0.05%	–
KEY	Exit	KEY CORP.	$0	–	-27,815	–	-0.05%	–
BIO	Exit	BIO-RAD LABORATORIES INC	$0	–	-1,821	–	-0.05%	–
EFX	Exit	EQUIFAX INC.	$0	–	-4,427	–	-0.05%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-9,800	–	-0.05%	–
IWO	Exit	ISHARES TR RUSSELL 2000 GROWTH	$0	–	-2,853	–	-0.05%	–
WAT	Exit	WATERS CORP	$0	–	-3,246	–	-0.05%	–
J	Exit	JACOBS ENGINEERING GROUP	$0	–	-8,205	–	-0.05%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL. A	$0	–	-2	–	-0.05%	–
TRMB	Exit	TRIMBLE NAV LTD.	$0	–	-15,080	–	-0.06%	–
VNQ	Exit	VANGUARD REIT ETF	$0	–	-8,237	–	-0.06%	–
EPAM	Exit	EPAM SYSTEMS INC	$0	–	-4,796	–	-0.06%	–
TXN	Exit	TEXAS INSTRUMENTS, INC	$0	–	-6,300	–	-0.06%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-13,747	–	-0.06%	–
MKC	Exit	MCCORMICK & CO	$0	–	-5,208	–	-0.06%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-7,735	–	-0.06%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-6,261	–	-0.06%	–
EPD	Exit	ENTERPRISE PRODUCTS PPTNS LP	$0	–	-24,810	–	-0.06%	–
ANSS	Exit	ANSYS, INC.	$0	–	-3,831	–	-0.06%	–
MKL	Exit	MARKEL CORP	$0	–	-603	–	-0.06%	–
HALO	Exit	HALOZYME THERAPEUTICS INC	$0	–	-43,417	–	-0.07%	–
XON	Exit	INTREXON CORP	$0	–	-48,164	–	-0.07%	–
IT	Exit	GARTNER INC	$0	–	-5,255	–	-0.07%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-11,837	–	-0.07%	–
GMED	Exit	GLOBUS MEDICAL INC	$0	–	-14,955	–	-0.07%	–
ABBV	Exit	ABBVIE INC	$0	–	-9,800	–	-0.08%	–
IJR	Exit	ISHARES TR S&P SMALLCAP 600 IN	$0	–	-12,766	–	-0.09%	–
SHY	Exit	ISHARES TR 1-3 YR TREASURY IND	$0	–	-15,145	–	-0.11%	–
ILMN	Exit	ILLUMINA INC	$0	–	-3,568	–	-0.11%	–
BDN	Exit	BRANDYWINE RLTY TR SH BEN INT	$0	–	-89,601	–	-0.12%	–
EFA	Exit	ISHARES MSCI EAFE INDEX FUND	$0	–	-21,595	–	-0.12%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC	$0	–	-4,314	–	-0.13%	–
T	Exit	AT&T CORP	$0	–	-48,626	–	-0.14%	–
VWO	Exit	VANGUARD EMERGING MARKETS ETF	$0	–	-40,002	–	-0.14%	–
UPS	Exit	UNITED PARCEL SVC INC B	$0	–	-14,494	–	-0.14%	–
WY	Exit	WEYERHAEUSER CO.	$0	–	-54,098	–	-0.15%	–
BA	Exit	BOEING CO	$0	–	-4,793	–	-0.15%	–
IEMG	Exit	ISHARES CORE MSCI EMERGING MAR	$0	–	-34,631	–	-0.15%	–
IJH	Exit	ISHARES TR S&P MIDCAP 400 INDE	$0	–	-9,683	–	-0.16%	–
WRE	Exit	WASHINGTON REAL ESTATE	$0	–	-64,768	–	-0.17%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-21,192	–	-0.17%	–
AMZN	Exit	AMAZON.COM	$0	–	-996	–	-0.17%	–
SYNL	Exit	SYNALLOY CORP.	$0	–	-94,709	–	-0.18%	–
BHRB	Exit	BURKE & HERBERT BANK & TRUST	$0	–	-824	–	-0.20%	–
USB	Exit	U.S. BANCORP.	$0	–	-46,860	–	-0.21%	–
IBM	Exit	INTL BUSINESS MACH	$0	–	-17,238	–	-0.22%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL. B	$0	–	-12,576	–	-0.23%	–
KO	Exit	COCA COLA CO	$0	–	-70,583	–	-0.28%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-61,001	–	-0.28%	–
SYY	Exit	SYSCO CORP COM	$0	–	-45,071	–	-0.28%	–
INTC	Exit	INTEL CORP	$0	–	-76,645	–	-0.31%	–
PFE	Exit	PFIZER INC	$0	–	-83,369	–	-0.31%	–
MCD	Exit	MCDONALDS CORP	$0	–	-23,050	–	-0.33%	–
MMM	Exit	3M COMPANY	$0	–	-18,677	–	-0.33%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-22,739	–	-0.35%	–
IVW	Exit	ISHARES TR S&P 500/ GROWTH IND	$0	–	-25,546	–	-0.38%	–
IVE	Exit	ISHARES S&P 500 VALUE ETF	$0	–	-48,371	–	-0.47%	–
AGG	Exit	ISHARES BARCLAYS AGGREGATE BON	$0	–	-53,217	–	-0.48%	–
IEFA	Exit	ISHARES CORE CORE MSCI EAFE	$0	–	-103,341	–	-0.56%	–
AAPL	Exit	APPLE INC	$0	–	-41,801	–	-0.80%	–
SPY	Exit	SPDR TRUST SERIES I	$0	–	-35,358	–	-0.87%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-9,241	–	-0.93%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-288,080	–	-1.48%	–
VMI	Exit	VALMONT INDUSTRIES INC	$0	–	-150,237	–	-1.76%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-245,918	–	-1.77%	–
CL	Exit	COLGATE PALMOLIVE CO.	$0	–	-322,292	–	-1.83%	–
DIS	Exit	DISNEY (WALT) CO.	$0	–	-190,839	–	-1.89%	–
BBT	Exit	BB&T CORP	$0	–	-477,672	–	-1.96%	–
SFM	Exit	SPROUTS FARMERS MARKET INC	$0	–	-873,184	–	-2.03%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-101,887	–	-2.25%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-222,304	–	-2.30%	–
DHR	Exit	DANAHER CORP	$0	–	-253,541	–	-2.33%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-252,123	–	-2.39%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-502,891	–	-2.42%	–
MDT	Exit	MEDTRONIC INC	$0	–	-292,426	–	-2.44%	–
FB	Exit	FACEBOOK INC COM	$0	–	-176,552	–	-2.46%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-215,003	–	-2.54%	–
CTSH	Exit	COGNIZANT TECH SOLUTIONS CORP	$0	–	-390,810	–	-2.55%	–
SYK	Exit	STRYKER CORP	$0	–	-170,508	–	-2.56%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-295,886	–	-2.83%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-245,278	–	-2.83%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-149,813	–	-2.84%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-411,489	–	-2.90%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-29,001	–	-2.96%	–
BMY	Exit	BRISTOL MYERS SQUIBB	$0	–	-578,793	–	-3.04%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-151,141	–	-3.08%	–
ACN	Exit	ACCENTURE PLC CL A	$0	–	-218,912	–	-3.15%	–
ROST	Exit	ROSS STORES INC	$0	–	-401,069	–	-3.36%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-306,793	–	-3.59%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-375,217	–	-3.65%	–
DCI	Exit	DONALDSON COMPANY INC	$0	–	-745,487	–	-3.68%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-555,565	–	-3.70%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-405,351	–	-3.92%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-694,225	–	-4.31%	–

Q3 2018

			Value		Shares		↓ Weighting
ABT	Sell	ABBOTT LABORATORIES	$50,928,000	+18.7%	694,225	-1.3%	4.31%	+11.0%
MSFT	Sell	MICROSOFT CORP	$46,360,000	-5.9%	405,351	-18.9%	3.92%	-12.0%
CVS	Sell	CVS HEALTH CORP	$43,734,000	+22.2%	555,565	-0.1%	3.70%	+14.3%
DCI	Buy	DONALDSON COMPANY INC	$43,432,000	+29.7%	745,487	+0.4%	3.68%	+21.2%
LOW	Sell	LOWES COMPANIES INC	$43,082,000	+19.0%	375,217	-1.0%	3.65%	+11.2%
JNJ	Buy	JOHNSON & JOHNSON	$42,390,000	+14.0%	306,793	+0.1%	3.59%	+6.5%
ROST	Sell	ROSS STORES INC	$39,746,000	+16.7%	401,069	-0.2%	3.36%	+9.1%
ACN	Sell	ACCENTURE PLC CL A	$37,259,000	-14.9%	218,912	-18.2%	3.15%	-20.5%
FDX	Buy	FEDEX CORPORATION	$36,393,000	+6.1%	151,141	+0.0%	3.08%	-0.8%
BMY	Buy	BRISTOL MYERS SQUIBB	$35,931,000	+70.9%	578,793	+52.4%	3.04%	+59.8%
GOOGL	Buy	ALPHABET INC CLASS A	$35,007,000	+7.3%	29,001	+0.4%	2.96%	+0.3%
PG	Buy	PROCTER & GAMBLE CO	$34,248,000	+6.6%	411,489	+0.0%	2.90%	-0.3%
GS	Sell	GOLDMAN SACHS GROUP INC	$33,594,000	+1.2%	149,813	-0.4%	2.84%	-5.4%
PNC	Sell	PNC FINANCIAL SERVICES GROUP	$33,404,000	+0.8%	245,278	-0.0%	2.83%	-5.8%
JPM	Sell	JPMORGAN CHASE & CO	$33,388,000	+7.9%	295,886	-0.4%	2.83%	+0.9%
SYK	Sell	STRYKER CORP	$30,296,000	-16.4%	170,508	-20.6%	2.56%	-21.9%
CTSH	Buy	COGNIZANT TECH SOLUTIONS CORP	$30,151,000	-2.1%	390,810	+0.2%	2.55%	-8.5%
UTX	Sell	UNITED TECHNOLOGIES CORP	$30,060,000	+11.3%	215,003	-0.4%	2.54%	+4.0%
FB	Sell	FACEBOOK INC COM	$29,036,000	-15.4%	176,552	-0.1%	2.46%	-20.9%
MDT	Sell	MEDTRONIC INC	$28,766,000	+14.7%	292,426	-0.2%	2.44%	+7.2%
SBUX	Buy	STARBUCKS CORP	$28,584,000	+88.2%	502,891	+61.8%	2.42%	+75.9%
PEP	Sell	PEPSICO INCORPORATED	$28,187,000	+2.5%	252,123	-0.2%	2.39%	-4.2%
DHR	Buy	DANAHER CORP	$27,550,000	+10.7%	253,541	+0.5%	2.33%	+3.5%
CVX	Buy	CHEVRON CORPORATION	$27,183,000	-3.1%	222,304	+0.2%	2.30%	-9.4%
BDX	Sell	BECTON DICKINSON & CO	$26,592,000	+8.6%	101,887	-0.3%	2.25%	+1.5%
SFM	Buy	SPROUTS FARMERS MARKET INC	$23,934,000	+24.4%	873,184	+0.2%	2.03%	+16.3%
BBT	Buy	BB&T CORP	$23,186,000	-3.5%	477,672	+0.3%	1.96%	-9.8%
DIS	Sell	DISNEY (WALT) CO.	$22,317,000	+10.8%	190,839	-0.7%	1.89%	+3.6%
CL	Sell	COLGATE PALMOLIVE CO.	$21,577,000	+1.0%	322,292	-2.2%	1.83%	-5.6%
XOM	Buy	EXXON MOBIL CORPORATION	$20,908,000	+3.0%	245,918	+0.2%	1.77%	-3.7%
VMI	Buy	VALMONT INDUSTRIES INC	$20,808,000	-7.6%	150,237	+0.6%	1.76%	-13.6%
SLB	Buy	SCHLUMBERGER LTD	$17,550,000	-8.2%	288,080	+1.0%	1.48%	-14.2%
GOOG	Sell	ALPHABET INC CLASS C	$11,029,000	+3.6%	9,241	-3.1%	0.93%	-3.2%
SPY	Sell	SPDR TRUST SERIES I	$10,279,000	+3.0%	35,358	-3.9%	0.87%	-3.8%
AAPL	Sell	APPLE INC	$9,436,000	+20.3%	41,801	-1.4%	0.80%	+12.5%
IEFA	Buy	ISHARES CORE CORE MSCI EAFE	$6,622,000	+2.6%	103,341	+1.4%	0.56%	-4.3%
AGG	Buy	ISHARES BARCLAYS AGGREGATE BON	$5,615,000	+5.1%	53,217	+5.9%	0.48%	-1.9%
IVE	Buy	ISHARES S&P 500 VALUE ETF	$5,603,000	+11.3%	48,371	+5.8%	0.47%	+3.9%
IVW	Sell	ISHARES TR S&P 500/ GROWTH IND	$4,526,000	-5.8%	25,546	-13.5%	0.38%	-12.0%
MMM	Sell	3M COMPANY	$3,935,000	+4.2%	18,677	-2.7%	0.33%	-2.6%
MCD	Sell	MCDONALDS CORP	$3,856,000	+3.9%	23,050	-2.7%	0.33%	-3.0%
PFE	Sell	PFIZER INC	$3,674,000	+17.2%	83,369	-3.5%	0.31%	+9.5%
INTC	Sell	INTEL CORP	$3,625,000	-8.3%	76,645	-3.6%	0.31%	-14.2%
SYY	Sell	SYSCO CORP COM	$3,301,000	+2.5%	45,071	-4.4%	0.28%	-4.5%
VZ	Sell	VERIZON COMMUNICATIONS	$3,257,000	+5.1%	61,001	-1.0%	0.28%	-1.8%
KO	Sell	COCA COLA CO	$3,260,000	+2.4%	70,583	-2.7%	0.28%	-4.2%
IBM	Sell	INTL BUSINESS MACH	$2,607,000	+3.2%	17,238	-4.7%	0.22%	-3.5%
USB	Sell	U.S. BANCORP.	$2,475,000	+1.9%	46,860	-3.5%	0.21%	-5.0%
AMZN	Buy	AMAZON.COM	$1,995,000	+23.8%	996	+5.1%	0.17%	+15.8%
WRE	Sell	WASHINGTON REAL ESTATE	$1,985,000	-3.6%	64,768	-4.6%	0.17%	-10.2%
WMT	Buy	WAL-MART STORES INC	$1,990,000	+11.2%	21,192	+1.4%	0.17%	+3.7%
IJH	Sell	ISHARES TR S&P MIDCAP 400 INDE	$1,949,000	+0.6%	9,683	-2.7%	0.16%	-5.7%
IEMG	Buy	ISHARES CORE MSCI EMERGING MAR	$1,793,000	+7.2%	34,631	+8.7%	0.15%	+0.7%
WY	Sell	WEYERHAEUSER CO.	$1,746,000	-16.2%	54,098	-5.3%	0.15%	-21.7%
UPS	Sell	UNITED PARCEL SVC INC B	$1,692,000	+3.1%	14,494	-6.2%	0.14%	-4.0%
VWO	New	VANGUARD EMERGING MARKETS ETF	$1,640,000	–	40,002	–	0.14%	–
ORLY	Buy	O REILLY AUTOMOTIVE INC	$1,498,000	+27.8%	4,314	+0.7%	0.13%	+19.8%
EFA	New	ISHARES MSCI EAFE INDEX FUND	$1,468,000	–	21,595	–	0.12%	–
BDN	Sell	BRANDYWINE RLTY TR SH BEN INT	$1,409,000	-12.9%	89,601	-6.5%	0.12%	-19.0%
ILMN	Buy	ILLUMINA INC	$1,310,000	+32.7%	3,568	+1.0%	0.11%	+24.7%
SHY	Buy	ISHARES TR 1-3 YR TREASURY IND	$1,258,000	+1.3%	15,145	+1.7%	0.11%	-5.4%
IJR	Sell	ISHARES TR S&P SMALLCAP 600 IN	$1,114,000	+0.1%	12,766	-4.2%	0.09%	-6.9%
ABBV	Sell	ABBVIE INC	$927,000	+0.1%	9,800	-2.0%	0.08%	-7.1%
GMED	Buy	GLOBUS MEDICAL INC	$849,000	+13.8%	14,955	+1.2%	0.07%	+5.9%
IT	Buy	GARTNER INC	$833,000	+20.9%	5,255	+1.4%	0.07%	+14.5%
XON	Sell	INTREXON CORP	$829,000	+0.9%	48,164	-18.3%	0.07%	-5.4%
ANSS	Buy	ANSYS, INC.	$715,000	+8.5%	3,831	+1.2%	0.06%	+1.7%
MKL	Buy	MARKEL CORP	$717,000	+11.5%	603	+1.7%	0.06%	+5.2%
TSCO	Buy	TRACTOR SUPPLY COMPANY	$703,000	+20.4%	7,735	+1.2%	0.06%	+13.2%
MKC	Buy	MCCORMICK & CO	$686,000	+14.7%	5,208	+1.2%	0.06%	+7.4%
CSCO	Sell	CISCO SYSTEMS INC	$669,000	+9.1%	13,747	-3.5%	0.06%	+1.8%
EPAM	Buy	EPAM SYSTEMS INC	$660,000	+12.1%	4,796	+1.3%	0.06%	+5.7%
VNQ	New	VANGUARD REIT ETF	$665,000	–	8,237	–	0.06%	–
TRMB	Buy	TRIMBLE NAV LTD.	$655,000	+33.9%	15,080	+1.3%	0.06%	+25.0%
J	Buy	JACOBS ENGINEERING GROUP	$628,000	+21.9%	8,205	+1.2%	0.05%	+12.8%
WAT	Buy	WATERS CORP	$632,000	+1.8%	3,246	+1.2%	0.05%	-5.4%
IWO	Sell	ISHARES TR RUSSELL 2000 GROWTH	$614,000	+2.3%	2,853	-2.8%	0.05%	-3.7%
CHD	Buy	CHURCH & DWIGHT CO INC	$582,000	+13.0%	9,800	+1.1%	0.05%	+4.3%
EFX	Buy	EQUIFAX INC.	$578,000	+5.7%	4,427	+1.3%	0.05%	-2.0%
BIO	Buy	BIO-RAD LABORATORIES INC	$570,000	+9.6%	1,821	+1.1%	0.05%	+2.1%
KEY	Buy	KEY CORP.	$553,000	+3.0%	27,815	+1.3%	0.05%	-4.1%
FDS	Buy	FACTSET RESEARCH SYSTEMS INC.	$529,000	+14.3%	2,363	+1.1%	0.04%	+7.1%
GNTX	Buy	GENTEX CORP	$511,000	-5.5%	23,822	+1.3%	0.04%	-12.2%
SPR	Buy	SPIRIT AEROSYSTEMS HOLDINGS IN	$513,000	+8.0%	5,597	+1.3%	0.04%	0.0%
CMA	Buy	COMERICA	$491,000	+0.4%	5,447	+1.2%	0.04%	-4.5%
STT	Sell	STATE STREET CORP	$490,000	-10.6%	5,853	-0.5%	0.04%	-18.0%
HBAN	Buy	HUNTINGTON BANCSHARES INC	$461,000	+2.4%	30,886	+1.2%	0.04%	-4.9%
WLTW	Buy	WILLIS TOWERS WATSON PUBLIC LT	$439,000	-5.8%	3,116	+1.3%	0.04%	-11.9%
MORN	Buy	MORNINGSTAR INC.	$431,000	-0.7%	3,426	+1.2%	0.04%	-7.7%
IVV	Buy	S&P 500 I-SHARES	$388,000	+7.8%	1,324	+0.4%	0.03%	0.0%
NEE	Sell	NEXTERA ENERGY INC.	$330,000	-0.6%	1,966	-1.0%	0.03%	-6.7%
DWDP	Buy	DOWDUPONT INC	$304,000	-1.6%	4,734	+1.1%	0.03%	-7.1%
CMP	Buy	COMPASS MINERALS INT	$282,000	+3.7%	4,192	+1.3%	0.02%	-4.0%
AMGN	Buy	AMGEN INC COM	$275,000	+15.5%	1,325	+2.7%	0.02%	+4.5%
PDCO	Sell	PATTERSON COMPANIES INC	$255,000	+0.8%	10,442	-6.3%	0.02%	-4.3%
IWF	Sell	ISHARES TR RUSSELL 1000 GROWTH	$238,000	+3.9%	1,525	-4.3%	0.02%	-4.8%
UNP	New	UNION PACIFIC CORP	$221,000	–	1,358	–	0.02%	–
HP	Buy	HELMERICH & PAYNE	$222,000	+9.4%	3,232	+1.3%	0.02%	+5.6%
CTXS	New	CITRIX SYSTEMS INC	$208,000	–	1,875	–	0.02%	–
NVS	New	NOVARTIS AG	$210,000	–	2,439	–	0.02%	–
AXP	New	AMERICAN EXPRESS CO	$208,000	–	1,950	–	0.02%	–
TRGP	Sell	TARGA RES CORP	$207,000	-5.0%	3,680	-16.4%	0.02%	-10.0%
NYCB	Buy	NEW YORK COMMUNITY BANCORP.	$115,000	-5.7%	11,096	+0.5%	0.01%	-9.1%
	New	SAKARI RESOURCES LIMITED LTD	$0	–	10,000	–	0.00%	–
MFM	Exit	MFS MUNICIPAL INCOME TRUST	$0	–	-16,000	–	-0.01%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRUST	$0	–	-12,616	–	-0.01%	–
XEC	Exit	CIMAREX ENERGY COMPANY	$0	–	-2,000	–	-0.02%	–
	Exit	BAYER AG	$0	–	-2,000	–	-0.02%	–
WGL	Exit	WASHINGTON GAS LIGHT CO	$0	–	-2,813	–	-0.02%	–
PM	Exit	PHILIP MORRIS INTL INC.	$0	–	-3,716	–	-0.03%	–
FTV	Exit	FORTIVE CORP	$0	–	-126,150	–	-0.88%	–

Q2 2018

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$49,271,000	–	499,652	–	4.46%	–
ACN	New	ACCENTURE PLC CL A	$43,791,000	–	267,690	–	3.96%	–
ABT	New	ABBOTT LABORATORIES	$42,897,000	–	703,348	–	3.88%	–
JNJ	New	JOHNSON & JOHNSON	$37,196,000	–	306,546	–	3.37%	–
SYK	New	STRYKER CORP	$36,244,000	–	214,641	–	3.28%	–
LOW	New	LOWES COMPANIES INC	$36,215,000	–	378,935	–	3.28%	–
CVS	New	CVS HEALTH CORP	$35,783,000	–	556,066	–	3.24%	–
FB	New	FACEBOOK INC COM	$34,335,000	–	176,692	–	3.11%	–
FDX	New	FEDEX CORPORATION	$34,307,000	–	151,093	–	3.11%	–
ROST	New	ROSS STORES INC	$34,059,000	–	401,876	–	3.08%	–
DCI	New	DONALDSON COMPANY INC	$33,492,000	–	742,295	–	3.03%	–
GS	New	GOLDMAN SACHS GROUP INC	$33,180,000	–	150,428	–	3.00%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$33,151,000	–	245,385	–	3.00%	–
GOOGL	New	ALPHABET INC CLASS A	$32,617,000	–	28,885	–	2.95%	–
PG	New	PROCTER & GAMBLE CO	$32,113,000	–	411,387	–	2.91%	–
JPM	New	JPMORGAN CHASE & CO	$30,945,000	–	296,981	–	2.80%	–
CTSH	New	COGNIZANT TECH SOLUTIONS CORP	$30,801,000	–	389,934	–	2.79%	–
CVX	New	CHEVRON CORPORATION	$28,058,000	–	221,925	–	2.54%	–
PEP	New	PEPSICO INCORPORATED	$27,500,000	–	252,597	–	2.49%	–
UTX	New	UNITED TECHNOLOGIES CORP	$26,999,000	–	215,941	–	2.44%	–
MDT	New	MEDTRONIC INC	$25,086,000	–	293,022	–	2.27%	–
DHR	New	DANAHER CORP	$24,887,000	–	252,199	–	2.25%	–
BDX	New	BECTON DICKINSON & CO	$24,488,000	–	102,220	–	2.22%	–
BBT	New	BB&T CORP	$24,031,000	–	476,434	–	2.18%	–
VMI	New	VALMONT INDUSTRIES INC	$22,520,000	–	149,390	–	2.04%	–
CL	New	COLGATE PALMOLIVE CO.	$21,361,000	–	329,592	–	1.93%	–
BMY	New	BRISTOL MYERS SQUIBB	$21,019,000	–	379,811	–	1.90%	–
XOM	New	EXXON MOBIL CORPORATION	$20,303,000	–	245,411	–	1.84%	–
DIS	New	DISNEY (WALT) CO.	$20,149,000	–	192,245	–	1.82%	–
SFM	New	SPROUTS FARMERS MARKET INC	$19,240,000	–	871,757	–	1.74%	–
SLB	New	SCHLUMBERGER LTD	$19,121,000	–	285,265	–	1.73%	–
SBUX	New	STARBUCKS CORP	$15,187,000	–	310,884	–	1.38%	–
GOOG	New	ALPHABET INC CLASS C	$10,644,000	–	9,540	–	0.96%	–
SPY	New	SPDR TRUST SERIES I	$9,982,000	–	36,795	–	0.90%	–
FTV	New	FORTIVE CORP	$9,727,000	–	126,150	–	0.88%	–
AAPL	New	APPLE INC	$7,845,000	–	42,378	–	0.71%	–
IEFA	New	ISHARES CORE CORE MSCI EAFE	$6,456,000	–	101,880	–	0.58%	–
AGG	New	ISHARES BARCLAYS AGGREGATE BON	$5,343,000	–	50,251	–	0.48%	–
IVE	New	ISHARES S&P 500 VALUE ETF	$5,036,000	–	45,730	–	0.46%	–
IVW	New	ISHARES TR S&P 500/ GROWTH IND	$4,804,000	–	29,544	–	0.44%	–
INTC	New	INTEL CORP	$3,953,000	–	79,520	–	0.36%	–
MMM	New	3M COMPANY	$3,775,000	–	19,188	–	0.34%	–
MCD	New	MCDONALDS CORP	$3,712,000	–	23,693	–	0.34%	–
NSC	New	NORFOLK SOUTHERN CORP	$3,431,000	–	22,739	–	0.31%	–
SYY	New	SYSCO CORP COM	$3,220,000	–	47,157	–	0.29%	–
KO	New	COCA COLA CO	$3,183,000	–	72,573	–	0.29%	–
PFE	New	PFIZER INC	$3,136,000	–	86,437	–	0.28%	–
VZ	New	VERIZON COMMUNICATIONS	$3,099,000	–	61,601	–	0.28%	–
IBM	New	INTL BUSINESS MACH	$2,527,000	–	18,088	–	0.23%	–
USB	New	U.S. BANCORP.	$2,430,000	–	48,571	–	0.22%	–
BHRB	New	BURKE & HERBERT BANK & TRUST	$2,348,000	–	824	–	0.21%	–
BRKB	New	BERKSHIRE HATHAWAY CL. B	$2,347,000	–	12,576	–	0.21%	–
WY	New	WEYERHAEUSER CO.	$2,084,000	–	57,153	–	0.19%	–
WRE	New	WASHINGTON REAL ESTATE	$2,060,000	–	67,905	–	0.19%	–
IJH	New	ISHARES TR S&P MIDCAP 400 INDE	$1,938,000	–	9,951	–	0.18%	–
SYNL	New	SYNALLOY CORP.	$1,889,000	–	94,709	–	0.17%	–
WMT	New	WAL-MART STORES INC	$1,789,000	–	20,892	–	0.16%	–
IEMG	New	ISHARES CORE MSCI EMERGING MAR	$1,673,000	–	31,855	–	0.15%	–
UPS	New	UNITED PARCEL SVC INC B	$1,641,000	–	15,447	–	0.15%	–
BDN	New	BRANDYWINE RLTY TR SH BEN INT	$1,618,000	–	95,881	–	0.15%	–
AMZN	New	AMAZON.COM	$1,611,000	–	948	–	0.15%	–
BA	New	BOEING CO	$1,608,000	–	4,793	–	0.15%	–
T	New	AT&T CORP	$1,561,000	–	48,626	–	0.14%	–
SHY	New	ISHARES TR 1-3 YR TREASURY IND	$1,242,000	–	14,896	–	0.11%	–
ORLY	New	O REILLY AUTOMOTIVE INC	$1,172,000	–	4,284	–	0.11%	–
IJR	New	ISHARES TR S&P SMALLCAP 600 IN	$1,113,000	–	13,331	–	0.10%	–
ILMN	New	ILLUMINA INC	$987,000	–	3,533	–	0.09%	–
ABBV	New	ABBVIE INC	$926,000	–	10,000	–	0.08%	–
XON	New	INTREXON CORP	$822,000	–	58,979	–	0.07%	–
GMED	New	GLOBUS MEDICAL INC	$746,000	–	14,775	–	0.07%	–
HALO	New	HALOZYME THERAPEUTICS INC	$732,000	–	43,417	–	0.07%	–
MRK	New	MERCK & CO INC NEW	$719,000	–	11,837	–	0.06%	–
TXN	New	TEXAS INSTRUMENTS, INC	$695,000	–	6,300	–	0.06%	–
IT	New	GARTNER INC	$689,000	–	5,185	–	0.06%	–
EPD	New	ENTERPRISE PRODUCTS PPTNS LP	$686,000	–	24,810	–	0.06%	–
ANSS	New	ANSYS, INC.	$659,000	–	3,786	–	0.06%	–
KMB	New	KIMBERLY CLARK CORP	$660,000	–	6,261	–	0.06%	–
MKL	New	MARKEL CORP	$643,000	–	593	–	0.06%	–
WAT	New	WATERS CORP	$621,000	–	3,206	–	0.06%	–
CSCO	New	CISCO SYSTEMS INC	$613,000	–	14,247	–	0.06%	–
MKC	New	MCCORMICK & CO	$598,000	–	5,148	–	0.05%	–
IWO	New	ISHARES TR RUSSELL 2000 GROWTH	$600,000	–	2,936	–	0.05%	–
EPAM	New	EPAM SYSTEMS INC	$589,000	–	4,736	–	0.05%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$584,000	–	7,640	–	0.05%	–
BRKA	New	BERKSHIRE HATHAWAY CL. A	$564,000	–	2	–	0.05%	–
STT	New	STATE STREET CORP	$548,000	–	5,881	–	0.05%	–
EFX	New	EQUIFAX INC.	$547,000	–	4,372	–	0.05%	–
GNTX	New	GENTEX CORP	$541,000	–	23,517	–	0.05%	–
KEY	New	KEY CORP.	$537,000	–	27,470	–	0.05%	–
DUK	New	DUKE ENERGY CORP.	$534,000	–	6,753	–	0.05%	–
J	New	JACOBS ENGINEERING GROUP	$515,000	–	8,110	–	0.05%	–
CHD	New	CHURCH & DWIGHT CO INC	$515,000	–	9,690	–	0.05%	–
BIO	New	BIO-RAD LABORATORIES INC	$520,000	–	1,801	–	0.05%	–
CMA	New	COMERICA	$489,000	–	5,382	–	0.04%	–
TRMB	New	TRIMBLE NAV LTD.	$489,000	–	14,890	–	0.04%	–
MAR	New	MARRIOTT INTL INC NEW CL. A	$486,000	–	3,841	–	0.04%	–
SPR	New	SPIRIT AEROSYSTEMS HOLDINGS IN	$475,000	–	5,527	–	0.04%	–
FDS	New	FACTSET RESEARCH SYSTEMS INC.	$463,000	–	2,338	–	0.04%	–
WLTW	New	WILLIS TOWERS WATSON PUBLIC LT	$466,000	–	3,076	–	0.04%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$450,000	–	30,511	–	0.04%	–
ED	New	CONSOLIDATED EDISON INC	$446,000	–	5,718	–	0.04%	–
MORN	New	MORNINGSTAR INC.	$434,000	–	3,386	–	0.04%	–
VO	New	VANGUARD MID CAP ETF	$409,000	–	2,592	–	0.04%	–
TIP	New	ISHARES BARCLAYS TREAS INFLATI	$393,000	–	3,478	–	0.04%	–
ORCL	New	ORACLE CORP COM	$376,000	–	8,530	–	0.03%	–
GE	New	GENERAL ELEC CO COM	$369,000	–	27,094	–	0.03%	–
IVV	New	S&P 500 I-SHARES	$360,000	–	1,319	–	0.03%	–
D	New	DOMINION RESOURCES INC	$341,000	–	4,995	–	0.03%	–
CMCSA	New	COMCAST CORP CL A	$326,000	–	9,950	–	0.03%	–
NEE	New	NEXTERA ENERGY INC.	$332,000	–	1,986	–	0.03%	–
GIS	New	GENERAL MILLS INC.	$331,000	–	7,486	–	0.03%	–
CAT	New	CATERPILLAR INC	$318,000	–	2,346	–	0.03%	–
DWDP	New	DOWDUPONT INC	$309,000	–	4,684	–	0.03%	–
LMT	New	LOCKHEED MARTIN CORP	$309,000	–	1,046	–	0.03%	–
PM	New	PHILIP MORRIS INTL INC.	$300,000	–	3,716	–	0.03%	–
AMAT	New	APPLIED MATERIALS INC.	$293,000	–	6,345	–	0.03%	–
FVCB	New	FVCBANKCORP INC	$301,000	–	17,577	–	0.03%	–
STZ	New	CONSTELLATION BRANDS INC. A	$286,000	–	1,305	–	0.03%	–
BP	New	BP AMOCO PLC SPONSORED ADR	$289,000	–	6,321	–	0.03%	–
MMP	New	MAGELLAN MIDSTREAM PARTNERS LP	$289,000	–	4,190	–	0.03%	–
FRT	New	FEDERAL REALTY INVST TR SH BEN	$290,000	–	2,294	–	0.03%	–
HAS	New	HASBRO INC	$274,000	–	2,964	–	0.02%	–
CMP	New	COMPASS MINERALS INT	$272,000	–	4,137	–	0.02%	–
CNP	New	CENTERPOINT ENERGY INC	$277,000	–	10,000	–	0.02%	–
	New	BASF SE NPV	$268,000	–	2,800	–	0.02%	–
AMJ	New	JPMORGAN CHASE & CO ALERIAN ML	$266,000	–	10,000	–	0.02%	–
WGL	New	WASHINGTON GAS LIGHT CO	$250,000	–	2,813	–	0.02%	–
PDCO	New	PATTERSON COMPANIES INC	$253,000	–	11,147	–	0.02%	–
BIV	New	VANGUARD INTERM TERM BOND ETF	$243,000	–	3,000	–	0.02%	–
PSXP	New	PHILLIPS 66 PARTNERS LP	$245,000	–	4,800	–	0.02%	–
AMGN	New	AMGEN INC COM	$238,000	–	1,290	–	0.02%	–
HON	New	HONEYWELL INTL INC	$239,000	–	1,662	–	0.02%	–
BR	New	BROADRIDGE FINANCIAL SOLUTIONS	$230,000	–	2,000	–	0.02%	–
IWF	New	ISHARES TR RUSSELL 1000 GROWTH	$229,000	–	1,593	–	0.02%	–
NTRS	New	NORTHERN TRUST COMPANY	$217,000	–	2,110	–	0.02%	–
ENB	New	ENBRIDGE INC	$225,000	–	6,291	–	0.02%	–
EXC	New	EXELON CORP.	$221,000	–	5,190	–	0.02%	–
COL	New	ROCKWELL COLLINS INC	$216,000	–	1,602	–	0.02%	–
TRGP	New	TARGA RES CORP	$218,000	–	4,404	–	0.02%	–
VIS	New	VANGUARD INDUSTRIALS ETF	$225,000	–	1,657	–	0.02%	–
AZO	New	AUTOZONE INC	$225,000	–	335	–	0.02%	–
	New	BAYER AG	$221,000	–	2,000	–	0.02%	–
DTE	New	DTE ENERGY HOLDING CO	$207,000	–	2,000	–	0.02%	–
HD	New	HOME DEPOT INC	$213,000	–	1,094	–	0.02%	–
HP	New	HELMERICH & PAYNE	$203,000	–	3,192	–	0.02%	–
XEC	New	CIMAREX ENERGY COMPANY	$203,000	–	2,000	–	0.02%	–
PHYS	New	SPROTT PHYSICAL GOLD TRUST	$128,000	–	12,616	–	0.01%	–
NYCB	New	NEW YORK COMMUNITY BANCORP.	$122,000	–	11,038	–	0.01%	–
MFM	New	MFS MUNICIPAL INCOME TRUST	$105,000	–	16,000	–	0.01%	–
	New	CHINA ORIENTAL GROUP	$7,000	–	10,000	–	0.00%	–
GEOR	New	GEOPETRO RESOURCES COMPANY	$0	–	10,000	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
	Exit	CHINA ORIENTAL GROUP	$0	–	-10,000	–	-0.00%	–
NSRGY	Exit	NESTLE S A SPONSORED ADR	$0	–	-2,417	–	-0.02%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-1,758	–	-0.02%	–
NVS	Exit	NOVARTIS AG	$0	–	-2,439	–	-0.02%	–
CB	Exit	CHUBB CORP	$0	–	-1,482	–	-0.02%	–
	Exit	SIEMENS AG REG SHS ORD	$0	–	-1,500	–	-0.02%	–
DTE	Exit	DTE ENERGY HOLDING CO	$0	–	-2,000	–	-0.02%	–
XEC	Exit	CIMAREX ENERGY COMPANY	$0	–	-2,000	–	-0.02%	–
IWF	Exit	ISHARES TR RUSSELL 1000 GROWTH	$0	–	-1,875	–	-0.02%	–
DISH	Exit	ECHOSTAR COMMUNICATIONS CORPOR	$0	–	-4,500	–	-0.02%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-1,662	–	-0.02%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-1,955	–	-0.02%	–
NTRS	Exit	NORTHERN TRUST COMPANY	$0	–	-2,610	–	-0.02%	–
PSXP	Exit	PHILLIPS 66 PARTNERS LP	$0	–	-4,800	–	-0.02%	–
BIV	Exit	VANGUARD INTERM TERM BOND ETF	$0	–	-3,000	–	-0.02%	–
CMP	Exit	COMPASS MINERALS INT	$0	–	-3,952	–	-0.02%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-2,423	–	-0.02%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,581	–	-0.02%	–
MORN	Exit	MORNINGSTAR INC.	$0	–	-3,226	–	-0.03%	–
HYG	Exit	ISHARES TR IBOXX $ HIGH YIELD	$0	–	-3,099	–	-0.03%	–
FDS	Exit	FACTSET RESEARCH SYSTEMS INC.	$0	–	-1,533	–	-0.03%	–
	Exit	BAYER AG	$0	–	-2,000	–	-0.03%	–
AMJ	Exit	JPMORGAN CHASE & CO ALERIAN ML	$0	–	-10,000	–	-0.03%	–
HAS	Exit	HASBRO INC	$0	–	-2,865	–	-0.03%	–
FVCB	Exit	FVCBANKCORP INC	$0	–	-17,577	–	-0.03%	–
MMP	Exit	MAGELLAN MIDSTREAM PARTNERS LP	$0	–	-4,190	–	-0.03%	–
FRT	Exit	FEDERAL REALTY INVST TR SH BEN	$0	–	-2,349	–	-0.03%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-10,000	–	-0.03%	–
SNI	Exit	SCRIPPS NETWORKS INTER-CL A	$0	–	-3,406	–	-0.03%	–
AL	Exit	ALCAN ALUMINIUM LTD.	$0	–	-6,900	–	-0.03%	–
AVB	Exit	AVALON BAY CMNTYS INC	$0	–	-1,625	–	-0.03%	–
	Exit	BASF SE NPV	$0	–	-2,800	–	-0.03%	–
EFX	Exit	EQUIFAX INC.	$0	–	-2,852	–	-0.03%	–
IVV	Exit	S&P 500 I-SHARES	$0	–	-1,196	–	-0.03%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-4,011	–	-0.03%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-5,115	–	-0.03%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,058	–	-0.03%	–
NYCB	Exit	NEW YORK COMMUNITY BANCORP.	$0	–	-25,897	–	-0.03%	–
AMAT	Exit	APPLIED MATERIALS INC.	$0	–	-6,345	–	-0.03%	–
JMT	Exit	NUVEEN MORT OPP TERM FD	$0	–	-13,600	–	-0.03%	–
CHKP	Exit	CHECK POINT SOFTWARE	$0	–	-3,000	–	-0.03%	–
NEE	Exit	NEXTERA ENERGY INC.	$0	–	-2,336	–	-0.03%	–
SRCL	Exit	STERICYCLE INC	$0	–	-4,891	–	-0.03%	–
GIS	Exit	GENERAL MILLS INC.	$0	–	-6,986	–	-0.04%	–
AMGN	Exit	AMGEN INC COM	$0	–	-1,963	–	-0.04%	–
VO	Exit	VANGUARD MID CAP ETF	$0	–	-2,592	–	-0.04%	–
BIO	Exit	BIO-RAD LABORATORIES INC	$0	–	-1,726	–	-0.04%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-4,995	–	-0.04%	–
CMA	Exit	COMERICA	$0	–	-5,198	–	-0.04%	–
EPAM	Exit	EPAM SYSTEMS INC	$0	–	-4,516	–	-0.04%	–
TIP	Exit	ISHARES BARCLAYS TREAS INFLATI	$0	–	-3,478	–	-0.04%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-29,126	–	-0.04%	–
DUK	Exit	DUKE ENERGY CORP.	$0	–	-4,889	–	-0.04%	–
BP	Exit	BP AMOCO PLC SPONSORED ADR	$0	–	-10,983	–	-0.04%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-5,218	–	-0.04%	–
GMED	Exit	GLOBUS MEDICAL INC	$0	–	-14,110	–	-0.04%	–
PM	Exit	PHILIP MORRIS INTL INC.	$0	–	-3,856	–	-0.04%	–
GNTX	Exit	GENTEX CORP	$0	–	-22,417	–	-0.04%	–
ANSS	Exit	ANSYS, INC.	$0	–	-3,616	–	-0.04%	–
WLTW	Exit	WILLIS TOWERS WATSON PUBLIC LT	$0	–	-2,932	–	-0.04%	–
J	Exit	JACOBS ENGINEERING GROUP	$0	–	-7,670	–	-0.04%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-9,300	–	-0.04%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-12,064	–	-0.04%	–
CHTR	Exit	CHARTER COMMUNICATIONS	$0	–	-1,267	–	-0.04%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-14,241	–	-0.05%	–
KEY	Exit	KEY CORP.	$0	–	-26,215	–	-0.05%	–
ORCL	Exit	ORACLE CORP COM	$0	–	-10,351	–	-0.05%	–
MKC	Exit	MCCORMICK & CO	$0	–	-4,913	–	-0.05%	–
PDCO	Exit	PATTERSON COMPANIES INC	$0	–	-13,612	–	-0.05%	–
STZ	Exit	CONSTELLATION BRANDS INC. A	$0	–	-2,610	–	-0.05%	–
IWO	Exit	ISHARES TR RUSSELL 2000 GROWTH	$0	–	-2,972	–	-0.05%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL. A	$0	–	-2	–	-0.05%	–
AMZN	Exit	AMAZON.COM	$0	–	-572	–	-0.05%	–
TRMB	Exit	TRIMBLE NAV LTD.	$0	–	-14,200	–	-0.05%	–
STT	Exit	STATE STREET CORP	$0	–	-5,879	–	-0.05%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-4,392	–	-0.06%	–
MKL	Exit	MARKEL CORP	$0	–	-566	–	-0.06%	–
IT	Exit	GARTNER INC	$0	–	-4,950	–	-0.06%	–
DIS	Exit	DISNEY (WALT) CO.	$0	–	-6,283	–	-0.06%	–
SPR	Exit	SPIRIT AEROSYSTEMS HOLDINGS IN	$0	–	-8,050	–	-0.06%	–
EPD	Exit	ENTERPRISE PRODUCTS PPTNS LP	$0	–	-24,810	–	-0.06%	–
TXN	Exit	TEXAS INSTRUMENTS, INC	$0	–	-7,500	–	-0.06%	–
ILMN	Exit	ILLUMINA INC	$0	–	-3,417	–	-0.06%	–
MAR	Exit	MARRIOTT INTL INC NEW CL. A	$0	–	-6,468	–	-0.07%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-6,292	–	-0.07%	–
WAT	Exit	WATERS CORP	$0	–	-4,423	–	-0.08%	–
IJR	Exit	ISHARES TR S&P SMALLCAP 600 IN	$0	–	-11,014	–	-0.08%	–
VNQ	Exit	VANGUARD REIT ETF	$0	–	-10,082	–	-0.08%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-13,324	–	-0.08%	–
ABBV	Exit	ABBVIE INC	$0	–	-10,255	–	-0.09%	–
SHY	Exit	ISHARES TR 1-3 YR TREASURY IND	$0	–	-11,019	–	-0.09%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC	$0	–	-4,571	–	-0.09%	–
SYNL	Exit	SYNALLOY CORP.	$0	–	-102,748	–	-0.12%	–
IJH	Exit	ISHARES TR S&P MIDCAP 400 INDE	$0	–	-7,488	–	-0.13%	–
IEMG	Exit	ISHARES CORE MSCI EMERGING MAR	$0	–	-25,446	–	-0.13%	–
BA	Exit	BOEING CO	$0	–	-5,450	–	-0.13%	–
BDN	Exit	BRANDYWINE RLTY TR SH BEN INT	$0	–	-94,911	–	-0.16%	–
EFA	Exit	ISHARES MSCI EAFE INDEX FUND	$0	–	-24,900	–	-0.16%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC CO	$0	–	-20,035	–	-0.17%	–
T	Exit	AT&T CORP	$0	–	-45,840	–	-0.17%	–
UPS	Exit	UNITED PARCEL SVC INC B	$0	–	-15,146	–	-0.17%	–
VWO	Exit	VANGUARD EMERGING MARKETS ETF	$0	–	-42,836	–	-0.18%	–
BHRB	Exit	BURKE & HERBERT BANK & TRUST	$0	–	-824	–	-0.18%	–
WY	Exit	WEYERHAEUSER CO.	$0	–	-56,174	–	-0.18%	–
WRE	Exit	WASHINGTON REAL ESTATE	$0	–	-65,570	–	-0.20%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-29,351	–	-0.22%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL. B	$0	–	-12,702	–	-0.22%	–
GE	Exit	GENERAL ELEC CO COM	$0	–	-102,802	–	-0.24%	–
SYY	Exit	SYSCO CORP COM	$0	–	-47,231	–	-0.24%	–
USB	Exit	U.S. BANCORP.	$0	–	-47,775	–	-0.24%	–
IBM	Exit	INTL BUSINESS MACH	$0	–	-18,246	–	-0.25%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-59,113	–	-0.28%	–
INTC	Exit	INTEL CORP	$0	–	-78,251	–	-0.28%	–
PFE	Exit	PFIZER INC	$0	–	-85,915	–	-0.29%	–
KO	Exit	COCA COLA CO	$0	–	-70,654	–	-0.30%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-24,000	–	-0.30%	–
IVW	Exit	ISHARES TR S&P 500/ GROWTH IND	$0	–	-23,263	–	-0.32%	–
IVE	Exit	ISHARES S&P 500 VALUE ETF	$0	–	-33,831	–	-0.35%	–
MCD	Exit	MCDONALDS CORP	$0	–	-23,690	–	-0.35%	–
MMM	Exit	3M COMPANY	$0	–	-19,159	–	-0.38%	–
AGG	Exit	ISHARES BARCLAYS AGGREGATE BON	$0	–	-47,364	–	-0.50%	–
IEFA	Exit	ISHARES CORE CORE MSCI EAFE	$0	–	-87,832	–	-0.54%	–
AAPL	Exit	APPLE INC	$0	–	-42,953	–	-0.63%	–
FTV	Exit	FORTIVE CORP	$0	–	-128,842	–	-0.87%	–
SPY	Exit	SPDR TRUST SERIES I	$0	–	-37,134	–	-0.89%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-10,286	–	-0.94%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-314,427	–	-1.61%	–
SFM	Exit	SPROUTS FARMERS MARKET INC	$0	–	-905,516	–	-1.62%	–
ROST	Exit	ROSS STORES INC	$0	–	-291,317	–	-1.79%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-291,184	–	-1.94%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-104,320	–	-1.95%	–
FB	Exit	FACEBOOK INC COM	$0	–	-123,567	–	-2.01%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-263,492	–	-2.06%	–
DHR	Exit	DANAHER CORP	$0	–	-256,897	–	-2.10%	–
BBT	Exit	BB&T CORP	$0	–	-481,937	–	-2.16%	–
MDT	Exit	MEDTRONIC INC	$0	–	-298,264	–	-2.21%	–
VMI	Exit	VALMONT INDUSTRIES INC	$0	–	-152,161	–	-2.30%	–
BMY	Exit	BRISTOL MYERS SQUIBB	$0	–	-381,639	–	-2.32%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-217,858	–	-2.41%	–
CL	Exit	COLGATE PALMOLIVE CO.	$0	–	-347,752	–	-2.42%	–
DCI	Exit	DONALDSON COMPANY INC	$0	–	-554,511	–	-2.43%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-225,681	–	-2.53%	–
INTU	Exit	INTUIT INC.	$0	–	-188,337	–	-2.55%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-29,242	–	-2.72%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-256,724	–	-2.73%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-303,368	–	-2.76%	–
CTSH	Exit	COGNIZANT TECH SOLUTIONS CORP	$0	–	-400,974	–	-2.77%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-393,627	–	-3.00%	–
SYK	Exit	STRYKER CORP	$0	–	-223,468	–	-3.03%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-253,784	–	-3.26%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-437,664	–	-3.40%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-158,401	–	-3.41%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-154,867	–	-3.50%	–
ACN	Exit	ACCENTURE PLC CL A	$0	–	-275,143	–	-3.54%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-420,920	–	-3.65%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-726,313	–	-3.70%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-528,114	–	-3.75%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-316,258	–	-3.92%	–

Q3 2017

			Value		Shares		↓ Weighting
JNJ	Sell	JOHNSON & JOHNSON	$41,117,000	-2.0%	316,258	-0.3%	3.92%	-4.4%
MSFT	Sell	MICROSOFT CORP	$39,339,000	+7.2%	528,114	-0.8%	3.75%	+4.6%
ABT	Sell	ABBOTT LABORATORIES	$38,756,000	+9.6%	726,313	-0.1%	3.70%	+6.9%
PG	Sell	PROCTER & GAMBLE CO	$38,295,000	+3.5%	420,920	-0.9%	3.65%	+0.9%
ACN	Sell	ACCENTURE PLC CL A	$37,164,000	+8.5%	275,143	-0.6%	3.54%	+5.9%
GS	Buy	GOLDMAN SACHS GROUP INC	$36,733,000	+7.1%	154,867	+0.2%	3.50%	+4.5%
FDX	Sell	FEDEX CORPORATION	$35,732,000	+3.4%	158,401	-0.4%	3.41%	+0.9%
CVS	Buy	CVS HEALTH CORP	$35,591,000	+2.2%	437,664	+1.1%	3.40%	-0.3%
PNC	Sell	PNC FINANCIAL SERVICES GROUP	$34,203,000	+7.8%	253,784	-0.2%	3.26%	+5.1%
SYK	Sell	STRYKER CORP	$31,737,000	+0.9%	223,468	-1.4%	3.03%	-1.6%
LOW	Sell	LOWES COMPANIES INC	$31,467,000	+2.9%	393,627	-0.2%	3.00%	+0.3%
CTSH	Buy	COGNIZANT TECH SOLUTIONS CORP	$29,087,000	+9.5%	400,974	+0.2%	2.77%	+6.8%
JPM	Buy	JPMORGAN CHASE & CO	$28,975,000	+5.8%	303,368	+1.3%	2.76%	+3.2%
PEP	Buy	PEPSICO INCORPORATED	$28,607,000	-2.7%	256,724	+0.9%	2.73%	-5.0%
GOOGL	Buy	ALPHABET INC CLASS A	$28,474,000	+5.4%	29,242	+0.6%	2.72%	+2.8%
INTU	Sell	INTUIT INC.	$26,770,000	+5.7%	188,337	-1.2%	2.55%	+3.1%
CVX	Buy	CHEVRON CORPORATION	$26,518,000	+13.1%	225,681	+0.4%	2.53%	+10.3%
DCI	Buy	DONALDSON COMPANY INC	$25,474,000	+1.3%	554,511	+0.4%	2.43%	-1.1%
CL	Sell	COLGATE PALMOLIVE CO.	$25,334,000	-2.3%	347,752	-0.6%	2.42%	-4.7%
UTX	Buy	UNITED TECHNOLOGIES CORP	$25,289,000	-3.1%	217,858	+2.0%	2.41%	-5.4%
BMY	Buy	BRISTOL MYERS SQUIBB	$24,326,000	+670.5%	381,639	+573.5%	2.32%	+650.8%
VMI	Buy	VALMONT INDUSTRIES INC	$24,057,000	+6.0%	152,161	+0.3%	2.30%	+3.4%
MDT	Sell	MEDTRONIC INC	$23,196,000	-13.4%	298,264	-1.2%	2.21%	-15.5%
BBT	Buy	BB&T CORP	$22,622,000	+3.8%	481,937	+0.4%	2.16%	+1.2%
DHR	Buy	DANAHER CORP	$22,037,000	+2.1%	256,897	+0.4%	2.10%	-0.4%
XOM	Buy	EXXON MOBIL CORPORATION	$21,601,000	+3.1%	263,492	+1.5%	2.06%	+0.5%
FB	Buy	FACEBOOK INC COM	$21,114,000	+14.2%	123,567	+0.9%	2.01%	+11.4%
BDX	Buy	BECTON DICKINSON & CO	$20,441,000	+0.5%	104,320	+0.1%	1.95%	-1.9%
SLB	Buy	SCHLUMBERGER LTD	$20,313,000	+8.3%	291,184	+2.3%	1.94%	+5.7%
ROST	Buy	ROSS STORES INC	$18,810,000	+14.3%	291,317	+2.2%	1.79%	+11.5%
SFM	Sell	SPROUTS FARMERS MARKET INC	$16,997,000	-41.6%	905,516	-29.4%	1.62%	-43.0%
SBUX	Buy	STARBUCKS CORP	$16,888,000	-7.5%	314,427	+0.4%	1.61%	-9.7%
GOOG	Sell	ALPHABET INC CLASS C	$9,865,000	+3.1%	10,286	-2.3%	0.94%	+0.6%
SPY	Sell	SPDR TRUST SERIES I	$9,329,000	+2.4%	37,134	-1.4%	0.89%	0.0%
FTV	Buy	FORTIVE CORP	$9,121,000	+12.2%	128,842	+0.4%	0.87%	+9.6%
AAPL	Sell	APPLE INC	$6,620,000	+4.3%	42,953	-2.5%	0.63%	+1.6%
IEFA	Buy	ISHARES CORE CORE MSCI EAFE	$5,636,000	+6.3%	87,832	+0.9%	0.54%	+3.9%
AGG	Buy	ISHARES BARCLAYS AGGREGATE BON	$5,191,000	+2.2%	47,364	+2.1%	0.50%	-0.4%
MMM	Sell	3M COMPANY	$4,021,000	-5.1%	19,159	-5.8%	0.38%	-7.2%
MCD	Sell	MCDONALDS CORP	$3,712,000	+2.3%	23,690	-0.1%	0.35%	-0.3%
IVE	Buy	ISHARES S&P 500 VALUE ETF	$3,651,000	+3.7%	33,831	+0.8%	0.35%	+1.2%
IVW	Sell	ISHARES TR S&P 500/ GROWTH IND	$3,336,000	+4.3%	23,263	-0.4%	0.32%	+1.6%
KO	Sell	COCA COLA CO	$3,180,000	+0.3%	70,654	-0.0%	0.30%	-2.3%
NSC	Buy	NORFOLK SOUTHERN CORP	$3,174,000	+8.9%	24,000	+0.2%	0.30%	+6.3%
PFE	Buy	PFIZER INC	$3,067,000	+6.5%	85,915	+0.2%	0.29%	+3.9%
INTC	Buy	INTEL CORP	$2,980,000	+14.5%	78,251	+1.5%	0.28%	+11.8%
VZ	Sell	VERIZON COMMUNICATIONS	$2,925,000	+9.3%	59,113	-1.4%	0.28%	+6.5%
IBM	Sell	INTL BUSINESS MACH	$2,647,000	-5.9%	18,246	-0.2%	0.25%	-8.4%
USB	Sell	U.S. BANCORP.	$2,560,000	+3.1%	47,775	-0.0%	0.24%	+0.4%
SYY	Sell	SYSCO CORP COM	$2,548,000	-3.2%	47,231	-9.7%	0.24%	-5.4%
GE	Buy	GENERAL ELEC CO COM	$2,486,000	+125.0%	102,802	+151.3%	0.24%	+119.4%
BRKB	Buy	BERKSHIRE HATHAWAY CL. B	$2,329,000	+8.9%	12,702	+0.6%	0.22%	+6.2%
WMT	Sell	WAL-MART STORES INC	$2,293,000	+3.1%	29,351	-0.1%	0.22%	+0.9%
WRE	Buy	WASHINGTON REAL ESTATE	$2,148,000	+2.9%	65,570	+0.2%	0.20%	+0.5%
WY	Buy	WEYERHAEUSER CO.	$1,912,000	+1.7%	56,174	+0.1%	0.18%	-1.1%
VWO	Sell	VANGUARD EMERGING MARKETS ETF	$1,866,000	+5.1%	42,836	-1.5%	0.18%	+2.3%
UPS	Buy	UNITED PARCEL SVC INC B	$1,819,000	+8.7%	15,146	+0.1%	0.17%	+6.1%
T	Sell	AT&T CORP	$1,796,000	+2.7%	45,840	-1.0%	0.17%	0.0%
DPS	Sell	DR PEPPER SNAPPLE GROUP INC CO	$1,773,000	-15.5%	20,035	-13.0%	0.17%	-17.6%
EFA	Buy	ISHARES MSCI EAFE INDEX FUND	$1,705,000	+10.1%	24,900	+4.8%	0.16%	+7.9%
BDN	Buy	BRANDYWINE RLTY TR SH BEN INT	$1,660,000	+0.1%	94,911	+0.3%	0.16%	-2.5%
BA	Buy	BOEING CO	$1,386,000	+80.7%	5,450	+40.6%	0.13%	+76.0%
IEMG	Buy	ISHARES CORE MSCI EMERGING MAR	$1,375,000	+8.2%	25,446	+0.1%	0.13%	+5.6%
IJH	Buy	ISHARES TR S&P MIDCAP 400 INDE	$1,340,000	+3.6%	7,488	+0.7%	0.13%	+0.8%
SYNL	Sell	SYNALLOY CORP.	$1,284,000	+10.2%	102,748	-0.3%	0.12%	+7.0%
ORLY	Buy	O REILLY AUTOMOTIVE INC	$984,000	+18.0%	4,571	+19.9%	0.09%	+14.6%
SHY	Buy	ISHARES TR 1-3 YR TREASURY IND	$931,000	+1.6%	11,019	+1.7%	0.09%	-1.1%
ABBV	Sell	ABBVIE INC	$911,000	+10.8%	10,255	-9.6%	0.09%	+8.8%
MRK	Buy	MERCK & CO INC NEW	$853,000	+0.6%	13,324	+0.8%	0.08%	-2.4%
IJR	Buy	ISHARES TR S&P SMALLCAP 600 IN	$817,000	+6.2%	11,014	+0.4%	0.08%	+4.0%
WAT	Sell	WATERS CORP	$794,000	-3.9%	4,423	-1.5%	0.08%	-6.2%
KMB	Buy	KIMBERLY CLARK CORP	$740,000	-8.9%	6,292	+0.0%	0.07%	-10.1%
MAR	Sell	MARRIOTT INTL INC NEW CL. A	$713,000	+9.2%	6,468	-0.6%	0.07%	+6.2%
ILMN	Buy	ILLUMINA INC	$681,000	+15.6%	3,417	+0.7%	0.06%	+12.1%
DIS	Buy	DISNEY (WALT) CO.	$619,000	-5.5%	6,283	+1.8%	0.06%	-7.8%
MKL	Sell	MARKEL CORP	$604,000	-28.5%	566	-34.6%	0.06%	-30.1%
COL	Sell	ROCKWELL COLLINS INC	$574,000	-97.5%	4,392	-98.0%	0.06%	-97.5%
STT	Buy	STATE STREET CORP	$562,000	+7.0%	5,879	+0.5%	0.05%	+5.9%
AMZN	Sell	AMAZON.COM	$550,000	-8.6%	572	-8.0%	0.05%	-11.9%
IWO	Sell	ISHARES TR RUSSELL 2000 GROWTH	$532,000	+1.9%	2,972	-3.9%	0.05%	0.0%
PDCO	Sell	PATTERSON COMPANIES INC	$526,000	-34.4%	13,612	-20.4%	0.05%	-35.9%
ORCL	Sell	ORACLE CORP COM	$500,000	-5.5%	10,351	-1.9%	0.05%	-7.7%
MKC	Buy	MCCORMICK & CO	$504,000	+6.3%	4,913	+1.0%	0.05%	+4.3%
CSCO	Sell	CISCO SYSTEMS INC	$479,000	+7.2%	14,241	-0.3%	0.05%	+4.5%
CMCSA	Buy	COMCAST CORP CL A	$464,000	+12.9%	12,064	+14.1%	0.04%	+10.0%
CHTR	Buy	CHARTER COMMUNICATIONS	$460,000	+11.1%	1,267	+3.0%	0.04%	+10.0%
J	New	JACOBS ENGINEERING GROUP	$447,000	–	7,670	–	0.04%	–
ANSS	Buy	ANSYS, INC.	$444,000	+1.8%	3,616	+1.0%	0.04%	-2.3%
PM	Sell	PHILIP MORRIS INTL INC.	$428,000	-6.3%	3,856	-0.9%	0.04%	-8.9%
GMED	New	GLOBUS MEDICAL INC	$419,000	–	14,110	–	0.04%	–
EPAM	Buy	EPAM SYSTEMS INC	$397,000	+5.9%	4,516	+1.3%	0.04%	+2.7%
BIO	Buy	BIO-RAD LABORATORIES INC	$384,000	-0.5%	1,726	+1.2%	0.04%	-2.6%
D	Buy	DOMINION RESOURCES INC	$384,000	+2.4%	4,995	+2.1%	0.04%	0.0%
VO	Buy	VANGUARD MID CAP ETF	$381,000	+28.7%	2,592	+24.8%	0.04%	+24.1%
NEE	Sell	NEXTERA ENERGY INC.	$342,000	+0.3%	2,336	-4.1%	0.03%	0.0%
NYCB	Buy	NEW YORK COMMUNITY BANCORP.	$334,000	-1.5%	25,897	+0.2%	0.03%	-3.0%
IVV	Sell	S&P 500 I-SHARES	$303,000	+1.0%	1,196	-3.0%	0.03%	0.0%
EFX	Sell	EQUIFAX INC.	$302,000	-25.2%	2,852	-3.0%	0.03%	-25.6%
FVCB	Buy	FVCBANKCORP INC	$298,000	+7.6%	17,577	+25.0%	0.03%	+3.7%
HAS	New	HASBRO INC	$280,000	–	2,865	–	0.03%	–
HYG	Buy	ISHARES TR IBOXX $ HIGH YIELD	$275,000	+3.4%	3,099	+3.0%	0.03%	0.0%
FDS	Buy	FACTSET RESEARCH SYSTEMS INC.	$276,000	+10.4%	1,533	+1.9%	0.03%	+8.3%
ADP	Buy	AUTOMATIC DATA PROCESSING INC	$265,000	+13.7%	2,423	+6.6%	0.02%	+8.7%
NTRS	Sell	NORTHERN TRUST COMPANY	$240,000	-12.1%	2,610	-7.1%	0.02%	-14.8%
HON	Buy	HONEYWELL INTL INC	$236,000	+7.8%	1,662	+1.2%	0.02%	+9.5%
IWF	Buy	ISHARES TR RUSSELL 1000 GROWTH	$234,000	+8.3%	1,875	+3.3%	0.02%	+4.8%
XEC	New	CIMAREX ENERGY COMPANY	$227,000	–	2,000	–	0.02%	–
NVS	Sell	NOVARTIS AG	$209,000	-15.4%	2,439	-17.6%	0.02%	-16.7%
CB	Sell	CHUBB CORP	$211,000	-24.1%	1,482	-22.4%	0.02%	-25.9%
UNP	New	UNION PACIFIC CORP	$204,000	–	1,758	–	0.02%	–
VIG	Exit	VANGUARD DIV APPR FUN ETF	$0	–	-2,567	–	-0.02%	–

Q2 2017

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$41,974,000	–	317,286	–	4.10%	–
PG	New	PROCTER & GAMBLE CO	$37,016,000	–	424,739	–	3.62%	–
MSFT	New	MICROSOFT CORP	$36,694,000	–	532,343	–	3.59%	–
ABT	New	ABBOTT LABORATORIES	$35,355,000	–	727,322	–	3.46%	–
CVS	New	CVS HEALTH CORP	$34,841,000	–	433,024	–	3.41%	–
FDX	New	FEDEX CORPORATION	$34,554,000	–	158,994	–	3.38%	–
GS	New	GOLDMAN SACHS GROUP INC	$34,308,000	–	154,612	–	3.35%	–
ACN	New	ACCENTURE PLC CL A	$34,241,000	–	276,854	–	3.35%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$31,739,000	–	254,177	–	3.10%	–
SYK	New	STRYKER CORP	$31,452,000	–	226,633	–	3.08%	–
LOW	New	LOWES COMPANIES INC	$30,593,000	–	394,599	–	2.99%	–
PEP	New	PEPSICO INCORPORATED	$29,392,000	–	254,494	–	2.87%	–
SFM	New	SPROUTS FARMERS MARKET INC	$29,096,000	–	1,283,474	–	2.84%	–
JPM	New	JPMORGAN CHASE & CO	$27,379,000	–	299,552	–	2.68%	–
GOOGL	New	ALPHABET INC CLASS A	$27,028,000	–	29,072	–	2.64%	–
MDT	New	MEDTRONIC INC	$26,782,000	–	301,765	–	2.62%	–
CTSH	New	COGNIZANT TECH SOLUTIONS CORP	$26,575,000	–	400,220	–	2.60%	–
UTX	New	UNITED TECHNOLOGIES CORP	$26,093,000	–	213,683	–	2.55%	–
CL	New	COLGATE PALMOLIVE CO.	$25,935,000	–	349,862	–	2.54%	–
INTU	New	INTUIT INC.	$25,321,000	–	190,656	–	2.48%	–
DCI	New	DONALDSON COMPANY INC	$25,142,000	–	552,091	–	2.46%	–
CVX	New	CHEVRON CORPORATION	$23,453,000	–	224,796	–	2.29%	–
COL	New	ROCKWELL COLLINS INC	$22,693,000	–	215,963	–	2.22%	–
VMI	New	VALMONT INDUSTRIES INC	$22,701,000	–	151,742	–	2.22%	–
BBT	New	BB&T CORP	$21,802,000	–	480,125	–	2.13%	–
DHR	New	DANAHER CORP	$21,592,000	–	255,861	–	2.11%	–
XOM	New	EXXON MOBIL CORPORATION	$20,960,000	–	259,625	–	2.05%	–
BDX	New	BECTON DICKINSON & CO	$20,337,000	–	104,232	–	1.99%	–
SLB	New	SCHLUMBERGER LTD	$18,749,000	–	284,764	–	1.83%	–
FB	New	FACEBOOK INC COM	$18,493,000	–	122,487	–	1.81%	–
SBUX	New	STARBUCKS CORP	$18,254,000	–	313,056	–	1.78%	–
ROST	New	ROSS STORES INC	$16,456,000	–	285,059	–	1.61%	–
GOOG	New	ALPHABET INC CLASS C	$9,568,000	–	10,529	–	0.94%	–
SPY	New	SPDR TRUST SERIES I	$9,108,000	–	37,666	–	0.89%	–
FTV	New	FORTIVE CORP	$8,126,000	–	128,265	–	0.79%	–
AAPL	New	APPLE INC	$6,348,000	–	44,075	–	0.62%	–
IEFA	New	ISHARES CORE CORE MSCI EAFE	$5,303,000	–	87,089	–	0.52%	–
AGG	New	ISHARES BARCLAYS AGGREGATE BON	$5,079,000	–	46,379	–	0.50%	–
MMM	New	3M COMPANY	$4,235,000	–	20,344	–	0.41%	–
MCD	New	MCDONALDS CORP	$3,630,000	–	23,702	–	0.36%	–
IVE	New	ISHARES S&P 500 VALUE ETF	$3,522,000	–	33,560	–	0.34%	–
IVW	New	ISHARES TR S&P 500/ GROWTH IND	$3,198,000	–	23,366	–	0.31%	–
KO	New	COCA COLA CO	$3,170,000	–	70,682	–	0.31%	–
BMY	New	BRISTOL MYERS SQUIBB	$3,157,000	–	56,663	–	0.31%	–
NSC	New	NORFOLK SOUTHERN CORP	$2,914,000	–	23,945	–	0.28%	–
PFE	New	PFIZER INC	$2,881,000	–	85,758	–	0.28%	–
IBM	New	INTL BUSINESS MACH	$2,814,000	–	18,291	–	0.28%	–
VZ	New	VERIZON COMMUNICATIONS	$2,676,000	–	59,930	–	0.26%	–
SYY	New	SYSCO CORP COM	$2,631,000	–	52,276	–	0.26%	–
INTC	New	INTEL CORP	$2,602,000	–	77,117	–	0.25%	–
USB	New	U.S. BANCORP.	$2,482,000	–	47,795	–	0.24%	–
WMT	New	WAL-MART STORES INC	$2,224,000	–	29,384	–	0.22%	–
BRKB	New	BERKSHIRE HATHAWAY CL. B	$2,139,000	–	12,627	–	0.21%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC CO	$2,099,000	–	23,040	–	0.20%	–
WRE	New	WASHINGTON REAL ESTATE	$2,087,000	–	65,410	–	0.20%	–
WY	New	WEYERHAEUSER CO.	$1,880,000	–	56,134	–	0.18%	–
VWO	New	VANGUARD EMERGING MARKETS ETF	$1,776,000	–	43,503	–	0.17%	–
BHRB	New	BURKE & HERBERT BANK & TRUST	$1,755,000	–	824	–	0.17%	–
T	New	AT&T CORP	$1,748,000	–	46,324	–	0.17%	–
UPS	New	UNITED PARCEL SVC INC B	$1,673,000	–	15,126	–	0.16%	–
BDN	New	BRANDYWINE RLTY TR SH BEN INT	$1,659,000	–	94,666	–	0.16%	–
EFA	New	ISHARES MSCI EAFE INDEX FUND	$1,548,000	–	23,750	–	0.15%	–
IJH	New	ISHARES TR S&P MIDCAP 400 INDE	$1,294,000	–	7,439	–	0.13%	–
IEMG	New	ISHARES CORE MSCI EMERGING MAR	$1,271,000	–	25,408	–	0.12%	–
SYNL	New	SYNALLOY CORP.	$1,165,000	–	103,029	–	0.11%	–
GE	New	GENERAL ELEC CO COM	$1,105,000	–	40,902	–	0.11%	–
SHY	New	ISHARES TR 1-3 YR TREASURY IND	$916,000	–	10,838	–	0.09%	–
MKL	New	MARKEL CORP	$845,000	–	866	–	0.08%	–
MRK	New	MERCK & CO INC NEW	$848,000	–	13,224	–	0.08%	–
VNQ	New	VANGUARD REIT ETF	$839,000	–	10,082	–	0.08%	–
ORLY	New	O REILLY AUTOMOTIVE INC	$834,000	–	3,813	–	0.08%	–
WAT	New	WATERS CORP	$826,000	–	4,491	–	0.08%	–
ABBV	New	ABBVIE INC	$822,000	–	11,338	–	0.08%	–
KMB	New	KIMBERLY CLARK CORP	$812,000	–	6,289	–	0.08%	–
PDCO	New	PATTERSON COMPANIES INC	$802,000	–	17,092	–	0.08%	–
IJR	New	ISHARES TR S&P SMALLCAP 600 IN	$769,000	–	10,975	–	0.08%	–
BA	New	BOEING CO	$767,000	–	3,877	–	0.08%	–
EPD	New	ENTERPRISE PRODUCTS PPTNS LP	$672,000	–	24,810	–	0.07%	–
DIS	New	DISNEY (WALT) CO.	$655,000	–	6,169	–	0.06%	–
MAR	New	MARRIOTT INTL INC NEW CL. A	$653,000	–	6,505	–	0.06%	–
IT	New	GARTNER INC	$611,000	–	4,950	–	0.06%	–
AMZN	New	AMAZON.COM	$602,000	–	622	–	0.06%	–
ILMN	New	ILLUMINA INC	$589,000	–	3,393	–	0.06%	–
TXN	New	TEXAS INSTRUMENTS, INC	$577,000	–	7,500	–	0.06%	–
ORCL	New	ORACLE CORP COM	$529,000	–	10,551	–	0.05%	–
IWO	New	ISHARES TR RUSSELL 2000 GROWTH	$522,000	–	3,094	–	0.05%	–
STT	New	STATE STREET CORP	$525,000	–	5,848	–	0.05%	–
BRKA	New	BERKSHIRE HATHAWAY CL. A	$509,000	–	2	–	0.05%	–
TRMB	New	TRIMBLE NAV LTD.	$507,000	–	14,200	–	0.05%	–
STZ	New	CONSTELLATION BRANDS INC. A	$506,000	–	2,610	–	0.05%	–
KEY	New	KEY CORP.	$491,000	–	26,215	–	0.05%	–
CHD	New	CHURCH & DWIGHT CO INC	$482,000	–	9,300	–	0.05%	–
SPR	New	SPIRIT AEROSYSTEMS HOLDINGS IN	$466,000	–	8,050	–	0.05%	–
MKC	New	MCCORMICK & CO	$474,000	–	4,866	–	0.05%	–
PM	New	PHILIP MORRIS INTL INC.	$457,000	–	3,891	–	0.04%	–
CSCO	New	CISCO SYSTEMS INC	$447,000	–	14,287	–	0.04%	–
ANSS	New	ANSYS, INC.	$436,000	–	3,580	–	0.04%	–
WLTW	New	WILLIS TOWERS WATSON PUBLIC LT	$427,000	–	2,932	–	0.04%	–
GNTX	New	GENTEX CORP	$425,000	–	22,417	–	0.04%	–
ED	New	CONSOLIDATED EDISON INC	$422,000	–	5,218	–	0.04%	–
DUK	New	DUKE ENERGY CORP.	$409,000	–	4,889	–	0.04%	–
CHTR	New	CHARTER COMMUNICATIONS	$414,000	–	1,230	–	0.04%	–
CMCSA	New	COMCAST CORP CL A	$411,000	–	10,572	–	0.04%	–
EFX	New	EQUIFAX INC.	$404,000	–	2,940	–	0.04%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$394,000	–	29,126	–	0.04%	–
TIP	New	ISHARES BARCLAYS TREAS INFLATI	$395,000	–	3,478	–	0.04%	–
GIS	New	GENERAL MILLS INC.	$387,000	–	6,986	–	0.04%	–
BIO	New	BIO-RAD LABORATORIES INC	$386,000	–	1,705	–	0.04%	–
BP	New	BP AMOCO PLC SPONSORED ADR	$381,000	–	10,983	–	0.04%	–
EPAM	New	EPAM SYSTEMS INC	$375,000	–	4,460	–	0.04%	–
D	New	DOMINION RESOURCES INC	$375,000	–	4,890	–	0.04%	–
CMA	New	COMERICA	$381,000	–	5,198	–	0.04%	–
SRCL	New	STERICYCLE INC	$373,000	–	4,891	–	0.04%	–
NYCB	New	NEW YORK COMMUNITY BANCORP.	$339,000	–	25,850	–	0.03%	–
NEE	New	NEXTERA ENERGY INC.	$341,000	–	2,436	–	0.03%	–
JMT	New	NUVEEN MORT OPP TERM FD	$334,000	–	13,600	–	0.03%	–
AMGN	New	AMGEN INC COM	$338,000	–	1,963	–	0.03%	–
CHKP	New	CHECK POINT SOFTWARE	$327,000	–	3,000	–	0.03%	–
AVB	New	AVALON BAY CMNTYS INC	$312,000	–	1,625	–	0.03%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$314,000	–	4,011	–	0.03%	–
FRT	New	FEDERAL REALTY INVST TR SH BEN	$297,000	–	2,349	–	0.03%	–
AMJ	New	JPMORGAN CHASE & CO ALERIAN ML	$297,000	–	10,000	–	0.03%	–
LMT	New	LOCKHEED MARTIN CORP	$294,000	–	1,058	–	0.03%	–
IVV	New	S&P 500 I-SHARES	$300,000	–	1,233	–	0.03%	–
MMP	New	MAGELLAN MIDSTREAM PARTNERS LP	$299,000	–	4,190	–	0.03%	–
VO	New	VANGUARD MID CAP ETF	$296,000	–	2,077	–	0.03%	–
DISH	New	ECHOSTAR COMMUNICATIONS CORPOR	$282,000	–	4,500	–	0.03%	–
FVCB	New	FVCBANKCORP INC	$277,000	–	14,062	–	0.03%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$277,000	–	5,115	–	0.03%	–
CNP	New	CENTERPOINT ENERGY INC	$274,000	–	10,000	–	0.03%	–
NTRS	New	NORTHERN TRUST COMPANY	$273,000	–	2,810	–	0.03%	–
CB	New	CHUBB CORP	$278,000	–	1,911	–	0.03%	–
HYG	New	ISHARES TR IBOXX $ HIGH YIELD	$266,000	–	3,010	–	0.03%	–
	New	BASF SE NPV	$262,000	–	2,800	–	0.03%	–
AMAT	New	APPLIED MATERIALS INC.	$262,000	–	6,345	–	0.03%	–
CMP	New	COMPASS MINERALS INT	$258,000	–	3,952	–	0.02%	–
AL	New	ALCAN ALUMINIUM LTD.	$258,000	–	6,900	–	0.02%	–
	New	BAYER AG	$258,000	–	2,000	–	0.02%	–
BIV	New	VANGUARD INTERM TERM BOND ETF	$254,000	–	3,000	–	0.02%	–
MORN	New	MORNINGSTAR INC.	$253,000	–	3,226	–	0.02%	–
BXP	New	BOSTON PROPERTIES INC	$241,000	–	1,955	–	0.02%	–
NVS	New	NOVARTIS AG	$247,000	–	2,959	–	0.02%	–
HD	New	HOME DEPOT INC	$243,000	–	1,581	–	0.02%	–
FDS	New	FACTSET RESEARCH SYSTEMS INC.	$250,000	–	1,505	–	0.02%	–
VIG	New	VANGUARD DIV APPR FUN ETF	$238,000	–	2,567	–	0.02%	–
SNI	New	SCRIPPS NETWORKS INTER-CL A	$233,000	–	3,406	–	0.02%	–
PSXP	New	PHILLIPS 66 PARTNERS LP	$237,000	–	4,800	–	0.02%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$233,000	–	2,273	–	0.02%	–
IWF	New	ISHARES TR RUSSELL 1000 GROWTH	$216,000	–	1,815	–	0.02%	–
HON	New	HONEYWELL INTL INC	$219,000	–	1,642	–	0.02%	–
DTE	New	DTE ENERGY HOLDING CO	$212,000	–	2,000	–	0.02%	–
NSRGY	New	NESTLE S A SPONSORED ADR	$211,000	–	2,417	–	0.02%	–
	New	SIEMENS AG REG SHS ORD	$207,000	–	1,500	–	0.02%	–
	New	CHINA ORIENTAL GROUP	$4,000	–	10,000	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
TEAR	Exit	OCCULOGIX INC COM NEW	$0	–	-27,711	–	-0.00%	–
NYCB	Exit	NEW YORK COMMUNITY BANCORP.	$0	–	-10,769	–	-0.02%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-18,279	–	-0.02%	–
KEY	Exit	KEY CORP.	$0	–	-16,196	–	-0.02%	–
	Exit	BAYER AG	$0	–	-2,000	–	-0.02%	–
ANSS	Exit	ANSYS, INC.	$0	–	-2,195	–	-0.02%	–
EPD	Exit	ENTERPRISE PRODUCTS PPTNS LP	$0	–	-7,660	–	-0.02%	–
GWW	Exit	GRANGER WW,INC	$0	–	-946	–	-0.02%	–
SPR	Exit	SPIRIT AEROSYSTEMS HOLDINGS IN	$0	–	-4,884	–	-0.02%	–
NTRS	Exit	NORTHERN TRUST COMPANY	$0	–	-3,210	–	-0.02%	–
MON	Exit	MONSANTO CO PLC	$0	–	-2,150	–	-0.02%	–
PNRA	Exit	PANERA BREAD-A	$0	–	-1,135	–	-0.02%	–
NVS	Exit	NOVARTIS AG	$0	–	-2,949	–	-0.02%	–
PPH	Exit	PHARMACEUTICAL HOLDRS TR	$0	–	-4,000	–	-0.02%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-10,000	–	-0.02%	–
CHKP	Exit	CHECK POINT SOFTWARE	$0	–	-3,000	–	-0.02%	–
GNTX	Exit	GENTEX CORP	$0	–	-13,598	–	-0.03%	–
WLTW	Exit	WILLIS TOWERS WATSON PUBLIC LT	$0	–	-1,771	–	-0.03%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-990	–	-0.03%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-5,417	–	-0.03%	–
	Exit	BASF SE NPV	$0	–	-2,800	–	-0.03%	–
XLP	Exit	SECTOR SPDR TR SHS BEN INT CON	$0	–	-4,750	–	-0.03%	–
TRMB	Exit	TRIMBLE NAV LTD.	$0	–	-8,718	–	-0.03%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDUSTRIES	$0	–	-5,600	–	-0.03%	–
AZO	Exit	AUTOZONE INC	$0	–	-335	–	-0.03%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-1,955	–	-0.03%	–
XEC	Exit	CIMAREX ENERGY COMPANY	$0	–	-2,000	–	-0.03%	–
IVV	Exit	S&P 500 I-SHARES	$0	–	-1,245	–	-0.03%	–
IWD	Exit	ISHARES RUSSELL 1000 VALUE IND	$0	–	-2,535	–	-0.03%	–
BIV	Exit	VANGUARD INTERM TERM BOND ETF	$0	–	-3,000	–	-0.03%	–
AVB	Exit	AVALON BAY CMNTYS INC	$0	–	-1,625	–	-0.03%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-6,172	–	-0.03%	–
MKC	Exit	MCCORMICK & CO	$0	–	-3,017	–	-0.03%	–
FRT	Exit	FEDERAL REALTY INVST TR SH BEN	$0	–	-2,084	–	-0.04%	–
IWF	Exit	ISHARES TR RUSSELL 1000 GROWTH	$0	–	-3,178	–	-0.04%	–
GLD	Exit	STREETTRACKS GOLD TRUST	$0	–	-2,740	–	-0.04%	–
NEE	Exit	NEXTERA ENERGY INC.	$0	–	-2,864	–	-0.04%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-4,890	–	-0.04%	–
IT	Exit	GARTNER INC	$0	–	-4,020	–	-0.04%	–
AMZN	Exit	AMAZON.COM	$0	–	-450	–	-0.04%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-5,686	–	-0.04%	–
AMGN	Exit	AMGEN INC COM	$0	–	-2,263	–	-0.04%	–
SRCL	Exit	STERICYCLE INC	$0	–	-4,991	–	-0.04%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-5,218	–	-0.04%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-5,014	–	-0.04%	–
IYR	Exit	ISHARES DJ US REAL ESTATE	$0	–	-5,093	–	-0.04%	–
ILMN	Exit	ILLUMINA INC	$0	–	-2,264	–	-0.04%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-4,764	–	-0.05%	–
CB	Exit	CHUBB CORP	$0	–	-3,410	–	-0.05%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL. A	$0	–	-2	–	-0.05%	–
TIP	Exit	ISHARES BARCLAYS TREAS INFLATI	$0	–	-3,754	–	-0.05%	–
MAR	Exit	MARRIOTT INTL INC NEW CL. A	$0	–	-6,505	–	-0.05%	–
DUK	Exit	DUKE ENERGY CORP.	$0	–	-5,558	–	-0.05%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-14,292	–	-0.05%	–
GIS	Exit	GENERAL MILLS INC.	$0	–	-6,986	–	-0.05%	–
MKL	Exit	MARKEL CORP	$0	–	-503	–	-0.05%	–
TXN	Exit	TEXAS INSTRUMENTS, INC	$0	–	-7,500	–	-0.06%	–
STT	Exit	STATE STREET CORP	$0	–	-7,785	–	-0.06%	–
ORCL	Exit	ORACLE CORP COM	$0	–	-14,123	–	-0.06%	–
BA	Exit	BOEING CO	$0	–	-4,218	–	-0.06%	–
IJR	Exit	ISHARES TR S&P SMALLCAP 600 IN	$0	–	-4,602	–	-0.06%	–
DIS	Exit	DISNEY (WALT) CO.	$0	–	-6,142	–	-0.06%	–
WAT	Exit	WATERS CORP	$0	–	-4,071	–	-0.07%	–
SHY	Exit	ISHARES TR 1-3 YR TREASURY IND	$0	–	-7,720	–	-0.07%	–
STZ	Exit	CONSTELLATION BRANDS INC. A	$0	–	-3,970	–	-0.07%	–
HD	Exit	HOME DEPOT INC	$0	–	-5,197	–	-0.07%	–
ABBV	Exit	ABBVIE INC	$0	–	-11,406	–	-0.08%	–
VNQ	Exit	VANGUARD REIT ETF	$0	–	-8,594	–	-0.08%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-6,164	–	-0.08%	–
IJH	Exit	ISHARES TR S&P MIDCAP 400 INDE	$0	–	-5,079	–	-0.08%	–
IEMG	Exit	ISHARES CORE MSCI EMERGING MAR	$0	–	-17,756	–	-0.09%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-13,461	–	-0.09%	–
SYNL	Exit	SYNALLOY CORP.	$0	–	-106,074	–	-0.11%	–
GE	Exit	GENERAL ELEC CO COM	$0	–	-47,336	–	-0.15%	–
BDN	Exit	BRANDYWINE RLTY TR SH BEN INT	$0	–	-92,109	–	-0.16%	–
UPS	Exit	UNITED PARCEL SVC INC B	$0	–	-14,429	–	-0.17%	–
BHRB	Exit	BURKE & HERBERT BANK & TRUST	$0	–	-824	–	-0.17%	–
EFA	Exit	ISHARES MSCI EAFE INDEX FUND	$0	–	-27,351	–	-0.18%	–
VWO	Exit	VANGUARD EMERGING MARKETS ETF	$0	–	-43,213	–	-0.18%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL. B	$0	–	-11,937	–	-0.19%	–
WY	Exit	WEYERHAEUSER CO.	$0	–	-54,882	–	-0.19%	–
IVW	Exit	ISHARES TR S&P 500/ GROWTH IND	$0	–	-14,887	–	-0.20%	–
T	Exit	AT&T CORP	$0	–	-45,071	–	-0.20%	–
USB	Exit	U.S. BANCORP.	$0	–	-45,969	–	-0.21%	–
WRE	Exit	WASHINGTON REAL ESTATE	$0	–	-63,707	–	-0.22%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC CO	$0	–	-22,402	–	-0.22%	–
IVE	Exit	ISHARES S&P 500 VALUE ETF	$0	–	-22,110	–	-0.23%	–
MCD	Exit	MCDONALDS CORP	$0	–	-19,873	–	-0.25%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-23,679	–	-0.25%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-32,809	–	-0.26%	–
PFE	Exit	PFIZER INC	$0	–	-79,771	–	-0.29%	–
KO	Exit	COCA COLA CO	$0	–	-67,786	–	-0.31%	–
SYY	Exit	SYSCO CORP COM	$0	–	-58,806	–	-0.31%	–
BMY	Exit	BRISTOL MYERS SQUIBB	$0	–	-53,971	–	-0.32%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-56,037	–	-0.32%	–
IBM	Exit	INTL BUSINESS MACH	$0	–	-18,554	–	-0.32%	–
INTC	Exit	INTEL CORP	$0	–	-83,417	–	-0.34%	–
MMM	Exit	3M COMPANY	$0	–	-19,852	–	-0.38%	–
IEFA	Exit	ISHARES CORE CORE MSCI EAFE	$0	–	-64,983	–	-0.39%	–
AGG	Exit	ISHARES BARCLAYS AGGREGATE BON	$0	–	-37,760	–	-0.46%	–
AAPL	Exit	APPLE INC	$0	–	-44,364	–	-0.55%	–
FTV	Exit	FORTIVE CORP	$0	–	-128,034	–	-0.71%	–
SPY	Exit	SPDR TRUST SERIES I	$0	–	-37,944	–	-0.89%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-11,172	–	-0.94%	–
SFM	Exit	SPROUTS FARMERS MARKET INC	$0	–	-826,196	–	-1.86%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC	$0	–	-60,914	–	-1.86%	–
BBT	Exit	BB&T CORP	$0	–	-484,341	–	-1.99%	–
ROST	Exit	ROSS STORES INC	$0	–	-285,447	–	-2.00%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-104,900	–	-2.05%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-223,872	–	-2.05%	–
CTSH	Exit	COGNIZANT TECH SOLUTIONS CORP	$0	–	-412,277	–	-2.14%	–
DHR	Exit	DANAHER CORP	$0	–	-255,392	–	-2.18%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-308,253	–	-2.23%	–
VMI	Exit	VALMONT INDUSTRIES INC	$0	–	-154,094	–	-2.26%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-490,582	–	-2.26%	–
INTU	Exit	INTUIT INC.	$0	–	-193,354	–	-2.31%	–
DCI	Exit	DONALDSON COMPANY INC	$0	–	-571,058	–	-2.32%	–
PDCO	Exit	PATTERSON COMPANIES INC	$0	–	-470,913	–	-2.35%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-216,235	–	-2.39%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-283,061	–	-2.42%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-259,668	–	-2.47%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-226,286	–	-2.53%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-29,058	–	-2.54%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-261,645	–	-2.56%	–
QCOM	Exit	QUALCOMM INC	$0	–	-361,037	–	-2.69%	–
CL	Exit	COLGATE PALMOLIVE CO.	$0	–	-344,586	–	-2.78%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-161,215	–	-2.83%	–
MDT	Exit	MEDTRONIC INC	$0	–	-315,624	–	-2.97%	–
SYK	Exit	STRYKER CORP	$0	–	-236,039	–	-2.99%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-258,516	–	-3.06%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-161,762	–	-3.07%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-398,148	–	-3.13%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-326,132	–	-3.16%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-534,777	–	-3.35%	–
ACN	Exit	ACCENTURE PLC CL A	$0	–	-284,343	–	-3.78%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-322,678	–	-4.15%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-433,583	–	-4.23%	–

Q3 2016

			Value		Shares		↓ Weighting
PG	Buy	PROCTER & GAMBLE CO	$38,914,000	+7.1%	433,583	+1.1%	4.23%	+3.3%
JNJ	Buy	JOHNSON & JOHNSON	$38,118,000	-1.3%	322,678	+1.3%	4.15%	-4.8%
ACN	Buy	ACCENTURE PLC CL A	$34,738,000	+8.6%	284,343	+0.7%	3.78%	+4.7%
MSFT	Buy	MICROSOFT CORP	$30,803,000	+13.3%	534,777	+0.6%	3.35%	+9.2%
CVS	Buy	CVS HEALTH CORP	$29,022,000	-5.8%	326,132	+1.4%	3.16%	-9.2%
LOW	Buy	LOWES COMPANIES INC	$28,750,000	-8.1%	398,148	+0.7%	3.13%	-11.4%
FDX	Buy	FEDEX CORPORATION	$28,256,000	+16.6%	161,762	+1.4%	3.07%	+12.5%
PEP	Buy	PEPSICO INCORPORATED	$28,118,000	+4.4%	258,516	+1.6%	3.06%	+0.6%
SYK	Buy	STRYKER CORP	$27,477,000	-1.9%	236,039	+1.0%	2.99%	-5.4%
MDT	Buy	MEDTRONIC INC	$27,269,000	-0.1%	315,624	+0.3%	2.97%	-3.7%
GS	Buy	GOLDMAN SACHS GROUP INC	$25,999,000	+10.2%	161,215	+1.6%	2.83%	+6.3%
CL	Sell	COLGATE PALMOLIVE CO.	$25,547,000	+1.2%	344,586	-0.0%	2.78%	-2.4%
QCOM	Buy	QUALCOMM INC	$24,731,000	+29.8%	361,037	+1.5%	2.69%	+25.2%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$23,571,000	+11.9%	261,645	+1.1%	2.56%	+7.9%
GOOGL	Buy	ALPHABET INC CLASS A	$23,364,000	+16.7%	29,058	+2.1%	2.54%	+12.6%
CVX	Buy	CHEVRON CORPORATION	$23,289,000	-0.9%	226,286	+0.9%	2.53%	-4.5%
XOM	Buy	EXXON MOBIL CORPORATION	$22,663,000	-5.9%	259,668	+1.1%	2.47%	-9.3%
SLB	Buy	SCHLUMBERGER LTD	$22,259,000	-0.4%	283,061	+0.2%	2.42%	-3.9%
UTX	Buy	UNITED TECHNOLOGIES CORP	$21,969,000	+1.3%	216,235	+2.2%	2.39%	-2.3%
PDCO	Buy	PATTERSON COMPANIES INC	$21,633,000	-2.1%	470,913	+2.0%	2.35%	-5.6%
DCI	Buy	DONALDSON COMPANY INC	$21,317,000	+10.5%	571,058	+1.7%	2.32%	+6.6%
INTU	Buy	INTUIT INC.	$21,270,000	-0.5%	193,354	+0.9%	2.31%	-4.1%
ABT	Buy	ABBOTT LABORATORIES	$20,746,000	+9.8%	490,582	+2.1%	2.26%	+5.9%
VMI	Buy	VALMONT INDUSTRIES INC	$20,736,000	+0.3%	154,094	+0.8%	2.26%	-3.3%
JPM	Buy	JPMORGAN CHASE & CO	$20,526,000	+16.3%	308,253	+8.6%	2.23%	+12.2%
DHR	Buy	DANAHER CORP	$20,020,000	-21.2%	255,392	+1.5%	2.18%	-24.1%
CTSH	Buy	COGNIZANT TECH SOLUTIONS CORP	$19,669,000	-15.2%	412,277	+1.7%	2.14%	-18.3%
COL	Buy	ROCKWELL COLLINS INC	$18,881,000	+0.7%	223,872	+1.7%	2.05%	-2.9%
BDX	Buy	BECTON DICKINSON & CO	$18,853,000	+7.7%	104,900	+1.7%	2.05%	+3.9%
ROST	Buy	ROSS STORES INC	$18,354,000	+17.8%	285,447	+3.8%	2.00%	+13.6%
BBT	Buy	BB&T CORP	$18,269,000	+10.1%	484,341	+4.0%	1.99%	+6.3%
ORLY	Sell	O REILLY AUTOMOTIVE INC	$17,062,000	+3.0%	60,914	-0.3%	1.86%	-0.7%
SFM	Buy	SPROUTS FARMERS MARKET INC	$17,060,000	-8.6%	826,196	+1.3%	1.86%	-11.9%
GOOG	Buy	ALPHABET INC CLASS C	$8,684,000	+12.5%	11,172	+0.2%	0.94%	+8.5%
SPY	Sell	SPDR TRUST SERIES I	$8,207,000	+2.8%	37,944	-0.5%	0.89%	-0.9%
FTV	New	FORTIVE CORP	$6,516,000	–	128,034	–	0.71%	–
AAPL	Sell	APPLE INC	$5,015,000	+16.1%	44,364	-1.8%	0.55%	+12.1%
AGG	Buy	ISHARES BARCLAYS AGGREGATE BON	$4,245,000	+8.4%	37,760	+8.6%	0.46%	+4.5%
IEFA	Buy	ISHARES CORE CORE MSCI EAFE	$3,583,000	+16.7%	64,983	+9.8%	0.39%	+12.7%
MMM	Sell	3M COMPANY	$3,498,000	+0.0%	19,852	-0.6%	0.38%	-3.5%
INTC	Buy	INTEL CORP	$3,149,000	+16.0%	83,417	+0.8%	0.34%	+12.1%
IBM	Sell	INTL BUSINESS MACH	$2,947,000	+4.3%	18,554	-0.3%	0.32%	+0.6%
VZ	Buy	VERIZON COMMUNICATIONS	$2,912,000	-6.2%	56,037	+0.8%	0.32%	-9.4%
BMY	Sell	BRISTOL MYERS SQUIBB	$2,910,000	-27.4%	53,971	-1.0%	0.32%	-29.9%
SYY	Buy	SYSCO CORP COM	$2,882,000	-3.1%	58,806	+0.3%	0.31%	-6.5%
KO	Buy	COCA COLA CO	$2,868,000	-6.1%	67,786	+0.6%	0.31%	-9.6%
PFE	Sell	PFIZER INC	$2,701,000	-4.2%	79,771	-0.4%	0.29%	-7.5%
NSC	Buy	NORFOLK SOUTHERN CORP	$2,298,000	+14.6%	23,679	+0.5%	0.25%	+10.6%
MCD	Buy	MCDONALDS CORP	$2,292,000	-3.0%	19,873	+1.2%	0.25%	-6.7%
IVE	Buy	ISHARES S&P 500 VALUE ETF	$2,099,000	+16.2%	22,110	+13.7%	0.23%	+11.8%
DPS	Buy	DR PEPPER SNAPPLE GROUP INC CO	$2,045,000	-5.3%	22,402	+0.3%	0.22%	-9.0%
WRE	Sell	WASHINGTON REAL ESTATE	$1,982,000	-2.7%	63,707	-1.7%	0.22%	-6.1%
USB	Buy	U.S. BANCORP.	$1,971,000	+6.9%	45,969	+0.5%	0.21%	+2.9%
T	Buy	AT&T CORP	$1,830,000	-5.3%	45,071	+0.8%	0.20%	-8.7%
IVW	Buy	ISHARES TR S&P 500/ GROWTH IND	$1,811,000	+17.1%	14,887	+12.2%	0.20%	+13.2%
WY	Sell	WEYERHAEUSER CO.	$1,752,000	+5.7%	54,882	-1.4%	0.19%	+2.1%
BRKB	Sell	BERKSHIRE HATHAWAY CL. B	$1,724,000	-1.5%	11,937	-1.2%	0.19%	-4.6%
VWO	Buy	VANGUARD EMERGING MARKETS ETF	$1,626,000	+22.0%	43,213	+14.2%	0.18%	+18.0%
EFA	Buy	ISHARES MSCI EAFE INDEX FUND	$1,617,000	+10.8%	27,351	+4.6%	0.18%	+6.7%
UPS	Sell	UNITED PARCEL SVC INC B	$1,577,000	+1.3%	14,429	-0.1%	0.17%	-2.3%
BDN	Sell	BRANDYWINE RLTY TR SH BEN INT	$1,438,000	-9.3%	92,109	-2.5%	0.16%	-12.8%
GE	Sell	GENERAL ELEC CO COM	$1,402,000	-7.7%	47,336	-1.9%	0.15%	-10.5%
MRK	Sell	MERCK & CO INC NEW	$840,000	+1.3%	13,461	-6.4%	0.09%	-3.2%
IEMG	Buy	ISHARES CORE MSCI EMERGING MAR	$809,000	+22.9%	17,756	+12.9%	0.09%	+18.9%
KMB	Buy	KIMBERLY CLARK CORP	$777,000	-7.8%	6,164	+0.6%	0.08%	-10.5%
IJH	Buy	ISHARES TR S&P MIDCAP 400 INDE	$785,000	+18.4%	5,079	+14.4%	0.08%	+13.3%
VNQ	Sell	VANGUARD REIT ETF	$745,000	-14.2%	8,594	-12.3%	0.08%	-17.3%
ABBV	Sell	ABBVIE INC	$719,000	-4.3%	11,406	-6.0%	0.08%	-8.2%
HD	Sell	HOME DEPOT INC	$668,000	-2.6%	5,197	-3.3%	0.07%	-5.2%
SHY	Buy	ISHARES TR 1-3 YR TREASURY IND	$656,000	+58.1%	7,720	+58.8%	0.07%	+51.1%
WAT	Buy	WATERS CORP	$645,000	+15.2%	4,071	+2.3%	0.07%	+11.1%
DIS	Buy	DISNEY (WALT) CO.	$570,000	-3.1%	6,142	+2.1%	0.06%	-6.1%
IJR	Buy	ISHARES TR S&P SMALLCAP 600 IN	$571,000	+13.7%	4,602	+6.4%	0.06%	+8.8%
ORCL	Sell	ORACLE CORP COM	$554,000	-5.5%	14,123	-1.4%	0.06%	-9.1%
BA	Sell	BOEING CO	$555,000	-1.8%	4,218	-3.0%	0.06%	-6.2%
STT	Buy	STATE STREET CORP	$542,000	+29.4%	7,785	+0.1%	0.06%	+25.5%
MKL	Buy	MARKEL CORP	$467,000	+1.5%	503	+4.1%	0.05%	-1.9%
CSCO	Buy	CISCO SYSTEMS INC	$453,000	+18.0%	14,292	+6.7%	0.05%	+14.0%
MAR	Buy	MARRIOTT INTL INC NEW CL. A	$437,000	+1.6%	6,505	+0.6%	0.05%	-2.0%
DUK	Buy	DUKE ENERGY CORP.	$444,000	-5.5%	5,558	+1.5%	0.05%	-9.4%
CB	Buy	CHUBB CORP	$428,000	-2.7%	3,410	+1.2%	0.05%	-6.0%
ILMN	Buy	ILLUMINA INC	$411,000	+32.6%	2,264	+2.5%	0.04%	+28.6%
IYR	Buy	ISHARES DJ US REAL ESTATE	$410,000	+8.2%	5,093	+10.7%	0.04%	+4.7%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$404,000	-4.3%	5,014	-1.0%	0.04%	-8.3%
SRCL	Buy	STERICYCLE INC	$399,000	-22.1%	4,991	+1.5%	0.04%	-25.9%
CMCSA	Buy	COMCAST CORP CL A	$377,000	+2.4%	5,686	+0.8%	0.04%	-2.4%
AMGN	Buy	AMGEN INC COM	$377,000	+12.5%	2,263	+2.9%	0.04%	+7.9%
AMZN	Buy	AMAZON.COM	$376,000	+27.0%	450	+9.0%	0.04%	+24.2%
IT	Buy	GARTNER INC	$355,000	-6.8%	4,020	+2.8%	0.04%	-9.3%
IWF	New	ISHARES TR RUSSELL 1000 GROWTH	$331,000	–	3,178	–	0.04%	–
MKC	Buy	MCCORMICK & CO	$301,000	+0.3%	3,017	+7.3%	0.03%	-2.9%
CHD	Buy	CHURCH & DWIGHT CO INC	$295,000	0.0%	6,172	+115.1%	0.03%	-3.0%
IWD	New	ISHARES RUSSELL 1000 VALUE IND	$267,000	–	2,535	–	0.03%	–
IVV	Buy	S&P 500 I-SHARES	$270,000	+11.1%	1,245	+7.8%	0.03%	+7.4%
TRMB	Buy	TRIMBLE NAV LTD.	$248,000	+21.6%	8,718	+4.3%	0.03%	+17.4%
WFC	Sell	WELLS FARGO & CO	$239,000	-12.8%	5,417	-6.4%	0.03%	-16.1%
GNTX	Buy	GENTEX CORP	$238,000	+17.8%	13,598	+4.0%	0.03%	+13.0%
LMT	Buy	LOCKHEED MARTIN CORP	$237,000	-2.5%	990	+1.2%	0.03%	-3.7%
WLTW	Buy	WILLIS TOWERS WATSON PUBLIC LT	$235,000	+10.8%	1,771	+3.8%	0.03%	+8.3%
NVS	Sell	NOVARTIS AG	$232,000	-15.3%	2,949	-11.3%	0.02%	-19.4%
SPR	Buy	SPIRIT AEROSYSTEMS HOLDINGS IN	$217,000	+7.4%	4,884	+3.9%	0.02%	+4.3%
PNRA	Buy	PANERA BREAD-A	$221,000	-4.7%	1,135	+3.7%	0.02%	-7.7%
GWW	Buy	GRANGER WW,INC	$212,000	+2.4%	946	+3.8%	0.02%	0.0%
ANSS	New	ANSYS, INC.	$203,000	–	2,195	–	0.02%	–
KEY	Buy	KEY CORP.	$197,000	+14.5%	16,196	+3.8%	0.02%	+10.5%
HBAN	Buy	HUNTINGTON BANCSHARES INC	$180,000	+13.9%	18,279	+3.8%	0.02%	+11.1%
NYCB	Buy	NEW YORK COMMUNITY BANCORP.	$153,000	-5.0%	10,769	+0.4%	0.02%	-5.6%
DE	Exit	DEERE & CO.	$0	–	-18,505	–	-0.17%	–

Q2 2016

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$38,626,000	–	318,434	–	4.36%	–
PG	New	PROCTER & GAMBLE CO	$36,329,000	–	429,063	–	4.10%	–
ACN	New	ACCENTURE PLC CL A	$31,998,000	–	282,444	–	3.61%	–
LOW	New	LOWES COMPANIES INC	$31,295,000	–	395,288	–	3.53%	–
CVS	New	CVS HEALTH CORP	$30,802,000	–	321,729	–	3.48%	–
SYK	New	STRYKER CORP	$28,010,000	–	233,745	–	3.16%	–
MDT	New	MEDTRONIC INC	$27,297,000	–	314,588	–	3.08%	–
MSFT	New	MICROSOFT CORP	$27,191,000	–	531,390	–	3.07%	–
PEP	New	PEPSICO INCORPORATED	$26,945,000	–	254,339	–	3.04%	–
DHR	New	DANAHER CORP	$25,418,000	–	251,660	–	2.87%	–
CL	New	COLGATE PALMOLIVE CO.	$25,234,000	–	344,726	–	2.85%	–
FDX	New	FEDEX CORPORATION	$24,223,000	–	159,593	–	2.73%	–
XOM	New	EXXON MOBIL CORPORATION	$24,087,000	–	256,951	–	2.72%	–
GS	New	GOLDMAN SACHS GROUP INC	$23,585,000	–	158,739	–	2.66%	–
CVX	New	CHEVRON CORPORATION	$23,511,000	–	224,281	–	2.65%	–
CTSH	New	COGNIZANT TECH SOLUTIONS CORP	$23,205,000	–	405,390	–	2.62%	–
SLB	New	SCHLUMBERGER LTD	$22,342,000	–	282,528	–	2.52%	–
PDCO	New	PATTERSON COMPANIES INC	$22,105,000	–	461,588	–	2.49%	–
UTX	New	UNITED TECHNOLOGIES CORP	$21,689,000	–	211,499	–	2.45%	–
INTU	New	INTUIT INC.	$21,381,000	–	191,565	–	2.41%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$21,056,000	–	258,707	–	2.38%	–
VMI	New	VALMONT INDUSTRIES INC	$20,674,000	–	152,837	–	2.33%	–
GOOGL	New	ALPHABET INC CLASS A	$20,015,000	–	28,449	–	2.26%	–
DCI	New	DONALDSON COMPANY INC	$19,290,000	–	561,396	–	2.18%	–
QCOM	New	QUALCOMM INC	$19,050,000	–	355,609	–	2.15%	–
ABT	New	ABBOTT LABORATORIES	$18,890,000	–	480,541	–	2.13%	–
COL	New	ROCKWELL COLLINS INC	$18,748,000	–	220,206	–	2.12%	–
SFM	New	SPROUTS FARMERS MARKET INC	$18,668,000	–	815,212	–	2.11%	–
JPM	New	JPMORGAN CHASE & CO	$17,644,000	–	283,937	–	1.99%	–
BDX	New	BECTON DICKINSON & CO	$17,500,000	–	103,190	–	1.97%	–
BBT	New	BB&T CORP	$16,586,000	–	465,769	–	1.87%	–
ORLY	New	O REILLY AUTOMOTIVE INC	$16,563,000	–	61,097	–	1.87%	–
ROST	New	ROSS STORES INC	$15,585,000	–	274,911	–	1.76%	–
SPY	New	SPDR TRUST SERIES I	$7,987,000	–	38,131	–	0.90%	–
GOOG	New	ALPHABET INC CLASS C	$7,716,000	–	11,149	–	0.87%	–
AAPL	New	APPLE INC	$4,319,000	–	45,179	–	0.49%	–
BMY	New	BRISTOL MYERS SQUIBB	$4,009,000	–	54,504	–	0.45%	–
AGG	New	ISHARES BARCLAYS AGGREGATE BON	$3,915,000	–	34,764	–	0.44%	–
MMM	New	3M COMPANY	$3,497,000	–	19,968	–	0.40%	–
VZ	New	VERIZON COMMUNICATIONS	$3,104,000	–	55,592	–	0.35%	–
IEFA	New	ISHARES CORE CORE MSCI EAFE	$3,071,000	–	59,184	–	0.35%	–
KO	New	COCA COLA CO	$3,054,000	–	67,375	–	0.34%	–
SYY	New	SYSCO CORP COM	$2,974,000	–	58,618	–	0.34%	–
IBM	New	INTL BUSINESS MACH	$2,826,000	–	18,618	–	0.32%	–
PFE	New	PFIZER INC	$2,819,000	–	80,072	–	0.32%	–
INTC	New	INTEL CORP	$2,715,000	–	82,776	–	0.31%	–
WMT	New	WAL-MART STORES INC	$2,396,000	–	32,809	–	0.27%	–
MCD	New	MCDONALDS CORP	$2,364,000	–	19,646	–	0.27%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC CO	$2,159,000	–	22,338	–	0.24%	–
WRE	New	WASHINGTON REAL ESTATE	$2,038,000	–	64,776	–	0.23%	–
NSC	New	NORFOLK SOUTHERN CORP	$2,006,000	–	23,568	–	0.23%	–
T	New	AT&T CORP	$1,933,000	–	44,731	–	0.22%	–
USB	New	U.S. BANCORP.	$1,844,000	–	45,721	–	0.21%	–
IVE	New	ISHARES S&P 500 VALUE ETF	$1,806,000	–	19,440	–	0.20%	–
BRKB	New	BERKSHIRE HATHAWAY CL. B	$1,750,000	–	12,085	–	0.20%	–
WY	New	WEYERHAEUSER CO.	$1,657,000	–	55,644	–	0.19%	–
BDN	New	BRANDYWINE RLTY TR SH BEN INT	$1,586,000	–	94,424	–	0.18%	–
BHRB	New	BURKE & HERBERT BANK & TRUST	$1,582,000	–	824	–	0.18%	–
UPS	New	UNITED PARCEL SVC INC B	$1,556,000	–	14,448	–	0.18%	–
IVW	New	ISHARES TR S&P 500/ GROWTH IND	$1,546,000	–	13,263	–	0.17%	–
GE	New	GENERAL ELEC CO COM	$1,519,000	–	48,252	–	0.17%	–
DE	New	DEERE & CO.	$1,500,000	–	18,505	–	0.17%	–
EFA	New	ISHARES MSCI EAFE INDEX FUND	$1,460,000	–	26,152	–	0.16%	–
VWO	New	VANGUARD EMERGING MARKETS ETF	$1,333,000	–	37,849	–	0.15%	–
VNQ	New	VANGUARD REIT ETF	$868,000	–	9,794	–	0.10%	–
KMB	New	KIMBERLY CLARK CORP	$843,000	–	6,128	–	0.10%	–
MRK	New	MERCK & CO INC NEW	$829,000	–	14,386	–	0.09%	–
SYNL	New	SYNALLOY CORP.	$813,000	–	106,074	–	0.09%	–
ABBV	New	ABBVIE INC	$751,000	–	12,133	–	0.08%	–
HD	New	HOME DEPOT INC	$686,000	–	5,372	–	0.08%	–
IJH	New	ISHARES TR S&P MIDCAP 400 INDE	$663,000	–	4,440	–	0.08%	–
STZ	New	CONSTELLATION BRANDS INC. A	$657,000	–	3,970	–	0.07%	–
IEMG	New	ISHARES CORE MSCI EMERGING MAR	$658,000	–	15,733	–	0.07%	–
DIS	New	DISNEY (WALT) CO.	$588,000	–	6,013	–	0.07%	–
ORCL	New	ORACLE CORP COM	$586,000	–	14,323	–	0.07%	–
BA	New	BOEING CO	$565,000	–	4,350	–	0.06%	–
WAT	New	WATERS CORP	$560,000	–	3,981	–	0.06%	–
SRCL	New	STERICYCLE INC	$512,000	–	4,916	–	0.06%	–
IJR	New	ISHARES TR S&P SMALLCAP 600 IN	$502,000	–	4,324	–	0.06%	–
GIS	New	GENERAL MILLS INC.	$498,000	–	6,986	–	0.06%	–
TXN	New	TEXAS INSTRUMENTS, INC	$470,000	–	7,500	–	0.05%	–
DUK	New	DUKE ENERGY CORP.	$470,000	–	5,474	–	0.05%	–
MKL	New	MARKEL CORP	$460,000	–	483	–	0.05%	–
CB	New	CHUBB CORP	$440,000	–	3,370	–	0.05%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$438,000	–	4,764	–	0.05%	–
BRKA	New	BERKSHIRE HATHAWAY CL. A	$434,000	–	2	–	0.05%	–
TIP	New	ISHARES BARCLAYS TREAS INFLATI	$438,000	–	3,754	–	0.05%	–
MAR	New	MARRIOTT INTL INC NEW CL. A	$430,000	–	6,468	–	0.05%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$422,000	–	5,064	–	0.05%	–
STT	New	STATE STREET CORP	$419,000	–	7,779	–	0.05%	–
SHY	New	ISHARES TR 1-3 YR TREASURY IND	$415,000	–	4,860	–	0.05%	–
ED	New	CONSOLIDATED EDISON INC	$420,000	–	5,218	–	0.05%	–
IT	New	GARTNER INC	$381,000	–	3,910	–	0.04%	–
IYR	New	ISHARES DJ US REAL ESTATE	$379,000	–	4,601	–	0.04%	–
D	New	DOMINION RESOURCES INC	$381,000	–	4,890	–	0.04%	–
CSCO	New	CISCO SYSTEMS INC	$384,000	–	13,398	–	0.04%	–
NEE	New	NEXTERA ENERGY INC.	$373,000	–	2,864	–	0.04%	–
CMCSA	New	COMCAST CORP CL A	$368,000	–	5,640	–	0.04%	–
FRT	New	FEDERAL REALTY INVST TR SH BEN	$345,000	–	2,084	–	0.04%	–
GLD	New	STREETTRACKS GOLD TRUST	$347,000	–	2,740	–	0.04%	–
AMGN	New	AMGEN INC COM	$335,000	–	2,200	–	0.04%	–
ILMN	New	ILLUMINA INC	$310,000	–	2,209	–	0.04%	–
MKC	New	MCCORMICK & CO	$300,000	–	2,811	–	0.03%	–
CHD	New	CHURCH & DWIGHT CO INC	$295,000	–	2,870	–	0.03%	–
AVB	New	AVALON BAY CMNTYS INC	$293,000	–	1,625	–	0.03%	–
AMZN	New	AMAZON.COM	$296,000	–	413	–	0.03%	–
TEVA	New	TEVA PHARMACEUTICAL INDUSTRIES	$281,000	–	5,600	–	0.03%	–
NVS	New	NOVARTIS AG	$274,000	–	3,324	–	0.03%	–
WFC	New	WELLS FARGO & CO	$274,000	–	5,789	–	0.03%	–
XLP	New	SECTOR SPDR TR SHS BEN INT CON	$262,000	–	4,750	–	0.03%	–
AZO	New	AUTOZONE INC	$266,000	–	335	–	0.03%	–
BIV	New	VANGUARD INTERM TERM BOND ETF	$264,000	–	3,000	–	0.03%	–
BXP	New	BOSTON PROPERTIES INC	$258,000	–	1,955	–	0.03%	–
CHKP	New	CHECK POINT SOFTWARE	$239,000	–	3,000	–	0.03%	–
LMT	New	LOCKHEED MARTIN CORP	$243,000	–	978	–	0.03%	–
IVV	New	S&P 500 I-SHARES	$243,000	–	1,155	–	0.03%	–
CNP	New	CENTERPOINT ENERGY INC	$240,000	–	10,000	–	0.03%	–
XEC	New	CIMAREX ENERGY COMPANY	$239,000	–	2,000	–	0.03%	–
PPH	New	PHARMACEUTICAL HOLDRS TR	$234,000	–	4,000	–	0.03%	–
PNRA	New	PANERA BREAD-A	$232,000	–	1,095	–	0.03%	–
EPD	New	ENTERPRISE PRODUCTS PPTNS LP	$224,000	–	7,660	–	0.02%	–
MON	New	MONSANTO CO PLC	$222,000	–	2,150	–	0.02%	–
WLTW	New	WILLIS TOWERS WATSON PUBLIC LT	$212,000	–	1,706	–	0.02%	–
NTRS	New	NORTHERN TRUST COMPANY	$213,000	–	3,210	–	0.02%	–
	New	BASF SE NPV	$215,000	–	2,800	–	0.02%	–
	New	BAYER AG	$202,000	–	2,000	–	0.02%	–
GNTX	New	GENTEX CORP	$202,000	–	13,080	–	0.02%	–
GWW	New	GRANGER WW,INC	$207,000	–	911	–	0.02%	–
TRMB	New	TRIMBLE NAV LTD.	$204,000	–	8,360	–	0.02%	–
SPR	New	SPIRIT AEROSYSTEMS HOLDINGS IN	$202,000	–	4,699	–	0.02%	–
KEY	New	KEY CORP.	$172,000	–	15,599	–	0.02%	–
NYCB	New	NEW YORK COMMUNITY BANCORP.	$161,000	–	10,730	–	0.02%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$158,000	–	17,618	–	0.02%	–
TEAR	New	OCCULOGIX INC COM NEW	$18,000	–	27,711	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
TEAR	Exit	OCCULOGIX INC COM NEW	$0	–	-27,711	–	-0.01%	–
MSD	Exit	MORGAN STANLEY EMERGING MARKET	$0	–	-17,500	–	-0.02%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-15,335	–	-0.02%	–
GNTX	Exit	GENTEX CORP	$0	–	-12,233	–	-0.02%	–
XEC	Exit	CIMAREX ENERGY COMPANY	$0	–	-2,000	–	-0.03%	–
CXW	Exit	CORRECTIONS CORP OF AMERICA	$0	–	-6,953	–	-0.03%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-978	–	-0.03%	–
SPR	Exit	SPIRIT AEROSYSTEMS	$0	–	-4,404	–	-0.03%	–
	Exit	BASF SE NPV	$0	–	-2,800	–	-0.03%	–
CYN	Exit	CITY NATIONAL CORP.	$0	–	-2,357	–	-0.03%	–
GIS	Exit	GENERAL MILLS INC.	$0	–	-3,746	–	-0.03%	–
MON	Exit	MONSANTO CO PLC	$0	–	-2,430	–	-0.03%	–
MKC	Exit	MCCORMICK & CO INC NON-VOTING	$0	–	-2,617	–	-0.03%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-2,722	–	-0.03%	–
NEE	Exit	NEXTERA ENERGY INC.	$0	–	-2,354	–	-0.03%	–
LLY	Exit	LILLY ELI & CO	$0	–	-2,732	–	-0.03%	–
HME	Exit	HOME PROPERTYS INC.	$0	–	-3,100	–	-0.03%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-1,955	–	-0.03%	–
SSW	Exit	SEASPAN CORP SHS ISIN	$0	–	-15,761	–	-0.03%	–
IWD	Exit	ISHARES RUSSELL 1000 VALUE IND	$0	–	-2,630	–	-0.03%	–
CHKP	Exit	CHECK POINT SOFTWARE	$0	–	-3,000	–	-0.03%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LP	$0	–	-6,100	–	-0.03%	–
PPH	Exit	PHARMACEUTICAL HOLDRS TR	$0	–	-4,000	–	-0.03%	–
AMZN	Exit	AMAZON.COM	$0	–	-481	–	-0.03%	–
YUM	Exit	YUM BRANDS INC	$0	–	-3,075	–	-0.03%	–
	Exit	BAYER AG	$0	–	-2,000	–	-0.03%	–
IYR	Exit	ISHARES DJ US REAL ESTATE	$0	–	-3,607	–	-0.03%	–
BIV	Exit	VANGUARD INTERM TERM BOND ETF	$0	–	-3,000	–	-0.03%	–
VGK	Exit	VANGUARD MSCI EUROPE ETF	$0	–	-5,450	–	-0.03%	–
SHY	Exit	ISHARES TR 1-3 YR TREASURY IND	$0	–	-3,243	–	-0.04%	–
IWF	Exit	ISHARES TR RUSSELL 1000 GROWTH	$0	–	-2,954	–	-0.04%	–
AVB	Exit	AVALON BAY CMNTYS INC	$0	–	-1,625	–	-0.04%	–
ROST	Exit	ROSS STORES INC	$0	–	-6,000	–	-0.04%	–
FRT	Exit	FEDERAL REALTY INVST TR SH BEN	$0	–	-2,119	–	-0.04%	–
GLD	Exit	STREETTRACKS GOLD TRUST	$0	–	-2,740	–	-0.04%	–
AMGN	Exit	AMGEN INC COM	$0	–	-2,210	–	-0.04%	–
ILMN	Exit	ILLUMINA INC	$0	–	-1,760	–	-0.04%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-11,767	–	-0.04%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDUSTRIES	$0	–	-5,600	–	-0.04%	–
IEMG	Exit	ISHARES CORE MSCI EMERGING MAR	$0	–	-8,223	–	-0.04%	–
AZO	Exit	AUTOZONE INC	$0	–	-465	–	-0.04%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-5,000	–	-0.04%	–
MKL	Exit	MARKEL CORP	$0	–	-448	–	-0.05%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-5,092	–	-0.05%	–
TXN	Exit	TEXAS INSTRUMENTS, INC	$0	–	-7,500	–	-0.05%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-4,764	–	-0.05%	–
IT	Exit	GARTNER GROUP INC	$0	–	-4,580	–	-0.05%	–
DUK	Exit	DUKE ENERGY CORP.	$0	–	-5,329	–	-0.05%	–
EWJ	Exit	ISHARES MSCI JAPAN INDEX FUND	$0	–	-33,250	–	-0.05%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-3,545	–	-0.05%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL. A	$0	–	-2	–	-0.05%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-8,070	–	-0.05%	–
TIP	Exit	ISHARES BARCLAYS TREAS INFLATI	$0	–	-3,754	–	-0.05%	–
IJR	Exit	ISHARES TR S&P SMALLCAP 600 IN	$0	–	-3,894	–	-0.05%	–
ABBV	Exit	ABBVIE INC	$0	–	-8,242	–	-0.06%	–
WAT	Exit	WATERS CORP COM	$0	–	-3,836	–	-0.06%	–
STZ	Exit	CONSTELLATION BRANDS INC. A	$0	–	-3,760	–	-0.06%	–
PANW	Exit	PALO ALTO NETWORKS	$0	–	-2,800	–	-0.06%	–
IJH	Exit	ISHARES TR S&P MIDCAP 400 INDE	$0	–	-3,715	–	-0.06%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-6,075	–	-0.06%	–
MAR	Exit	MARRIOTT INTL INC NEW CL. A	$0	–	-7,680	–	-0.07%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-11,264	–	-0.07%	–
ORCL	Exit	ORACLE CORP COM	$0	–	-15,713	–	-0.07%	–
DD	Exit	DU PONT E I DE NEMOURS	$0	–	-12,243	–	-0.08%	–
SRCL	Exit	STERICYCLE INC	$0	–	-4,916	–	-0.09%	–
VNQ	Exit	VANGUARD REIT ETF	$0	–	-9,544	–	-0.09%	–
HD	Exit	HOME DEPOT INC	$0	–	-6,372	–	-0.09%	–
GE	Exit	GENERAL ELEC CO COM	$0	–	-35,502	–	-0.12%	–
BBT	Exit	BB&T CORP	$0	–	-25,301	–	-0.12%	–
IVE	Exit	ISHARES S&P 500 VALUE ETF	$0	–	-11,409	–	-0.12%	–
SYNL	Exit	SYNALLOY CORP.	$0	–	-107,647	–	-0.12%	–
IVW	Exit	ISHARES TR S&P 500/ GROWTH IND	$0	–	-9,301	–	-0.13%	–
BDN	Exit	BRANDYWINE RLTY TR SH BEN INT	$0	–	-84,175	–	-0.13%	–
VWO	Exit	VANGUARD EMERGING MARKETS ETF	$0	–	-38,476	–	-0.16%	–
WY	Exit	WEYERHAEUSER CO.	$0	–	-48,019	–	-0.17%	–
DE	Exit	DEERE & CO.	$0	–	-18,036	–	-0.17%	–
T	Exit	AT&T CORP	$0	–	-41,627	–	-0.17%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL. B	$0	–	-11,139	–	-0.19%	–
PAA	Exit	PLAINS ALL AMERICAN PIPELINE,	$0	–	-48,160	–	-0.19%	–
WRE	Exit	WASHINGTON REAL ESTATE	$0	–	-59,576	–	-0.19%	–
BA	Exit	BOEING CO	$0	–	-11,419	–	-0.19%	–
EFA	Exit	ISHARES MSCI EAFE INDEX FUND	$0	–	-27,812	–	-0.20%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-22,798	–	-0.22%	–
USB	Exit	U.S. BANCORP.	$0	–	-42,535	–	-0.22%	–
MCD	Exit	MCDONALDS CORP	$0	–	-18,288	–	-0.23%	–
BHRB	Exit	BURKE & HERBERT BANK & TRUST	$0	–	-824	–	-0.23%	–
UPS	Exit	UNITED PARCEL SVC INC B	$0	–	-21,189	–	-0.27%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-49,234	–	-0.28%	–
INTC	Exit	INTEL CORP	$0	–	-74,075	–	-0.29%	–
PFE	Exit	PFIZER INC	$0	–	-72,537	–	-0.29%	–
SYY	Exit	SYSCO CORP COM	$0	–	-58,549	–	-0.29%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC CO	$0	–	-28,895	–	-0.29%	–
IEFA	Exit	ISHARES CORE CORE MSCI EAFE	$0	–	-46,150	–	-0.31%	–
IBM	Exit	INTL BUSINESS MACH	$0	–	-17,242	–	-0.32%	–
KO	Exit	COCA COLA CO	$0	–	-70,476	–	-0.36%	–
BMY	Exit	BRISTOL MYERS SQUIBB	$0	–	-48,611	–	-0.37%	–
AGG	Exit	ISHARES BARCLAYS AGGREGATE BON	$0	–	-27,261	–	-0.38%	–
MMM	Exit	3M COMPANY	$0	–	-23,500	–	-0.43%	–
AAPL	Exit	APPLE INC	$0	–	-45,721	–	-0.65%	–
SPY	Exit	SPDR TRUST SERIES I	$0	–	-42,735	–	-1.05%	–
UNFI	Exit	UNITED NATURAL FOODS, INC	$0	–	-213,327	–	-1.33%	–
GOOG	Exit	GOOGLE INC CLASS C	$0	–	-23,486	–	-1.83%	–
VMI	Exit	VALMONT INDUSTRIES INC	$0	–	-152,626	–	-1.86%	–
PRGO	Exit	PERRIGO CO.	$0	–	-92,822	–	-1.87%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC	$0	–	-60,524	–	-1.94%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-196,292	–	-1.98%	–
DCI	Exit	DONALDSON COMPANY INC	$0	–	-556,620	–	-2.00%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-245,815	–	-2.04%	–
INTU	Exit	INTUIT INC.	$0	–	-188,266	–	-2.14%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-275,629	–	-2.16%	–
SFM	Exit	SPROUTS FARMERS MARKET INC	$0	–	-800,976	–	-2.17%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-212,502	–	-2.23%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-235,646	–	-2.25%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-204,770	–	-2.34%	–
GOOGL	Exit	GOOGLE INC CLASS A	$0	–	-28,549	–	-2.34%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-466,964	–	-2.41%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-108,723	–	-2.42%	–
QCOM	Exit	QUALCOMM INC	$0	–	-356,677	–	-2.46%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-281,608	–	-2.49%	–
PDCO	Exit	PATTERSON COMPANIES INC	$0	–	-456,067	–	-2.53%	–
MDT	Exit	MEDTRONIC INC	$0	–	-313,339	–	-2.69%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-147,404	–	-2.72%	–
DHR	Exit	DANAHER CORP	$0	–	-252,316	–	-2.76%	–
CL	Exit	COLGATE PALMOLIVE CO.	$0	–	-344,946	–	-2.81%	–
SYK	Exit	STRYKER CORP	$0	–	-232,966	–	-2.81%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-256,346	–	-2.93%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-521,194	–	-2.96%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-244,955	–	-2.96%	–
CTSH	Exit	COGNIZANT TECH SOLUTIONS CORP	$0	–	-402,264	–	-3.23%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-395,434	–	-3.49%	–
ACN	Exit	ACCENTURE PLC CL A	$0	–	-281,225	–	-3.54%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-318,428	–	-3.81%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-419,582	–	-3.87%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-399,041	–	-4.94%	–

Q3 2015

			Value		Shares		↓ Weighting
CVS	Sell	CVS HEALTH CORP	$38,499,000	-8.7%	399,041	-0.8%	4.94%	+1.1%
PG	Buy	PROCTER & GAMBLE CO	$30,185,000	-8.0%	419,582	+0.1%	3.87%	+1.9%
JNJ	Sell	JOHNSON & JOHNSON	$29,725,000	-5.3%	318,428	-1.1%	3.81%	+4.9%
ACN	Sell	ACCENTURE PLC CL A	$27,633,000	+1.0%	281,225	-0.6%	3.54%	+11.9%
LOW	Buy	LOWES COMPANIES INC	$27,253,000	+3.1%	395,434	+0.2%	3.49%	+14.2%
CTSH	Sell	COGNIZANT TECH SOLUTIONS CORP	$25,186,000	+2.3%	402,264	-0.2%	3.23%	+13.4%
PEP	Sell	PEPSICO INCORPORATED	$23,099,000	-0.4%	244,955	-1.4%	2.96%	+10.3%
MSFT	Sell	MICROSOFT CORP	$23,068,000	-0.1%	521,194	-0.3%	2.96%	+10.7%
PNC	Sell	PNC FINANCIAL SERVICES GROUP	$22,866,000	-7.9%	256,346	-1.2%	2.93%	+2.1%
SYK	Buy	STRYKER CORP	$21,922,000	-1.5%	232,966	+0.0%	2.81%	+9.2%
CL	Sell	COLGATE PALMOLIVE CO.	$21,890,000	-3.1%	344,946	-0.1%	2.81%	+7.4%
DHR	Buy	DANAHER CORP	$21,500,000	-0.4%	252,316	+0.1%	2.76%	+10.4%
FDX	Sell	FEDEX CORPORATION	$21,223,000	-16.3%	147,404	-0.9%	2.72%	-7.2%
MDT	Sell	MEDTRONIC INC	$20,975,000	-10.4%	313,339	-0.8%	2.69%	-0.7%
PDCO	Sell	PATTERSON COMPANIES INC	$19,725,000	-12.1%	456,067	-1.1%	2.53%	-2.6%
SLB	Sell	SCHLUMBERGER LTD	$19,422,000	-20.1%	281,608	-0.1%	2.49%	-11.5%
QCOM	Sell	QUALCOMM INC	$19,164,000	-14.3%	356,677	-0.1%	2.46%	-5.0%
GS	Buy	GOLDMAN SACHS GROUP INC	$18,892,000	-16.6%	108,723	+0.2%	2.42%	-7.6%
ABT	Buy	ABBOTT LABORATORIES	$18,781,000	-18.0%	466,964	+0.1%	2.41%	-9.1%
GOOGL	New	GOOGLE INC CLASS A	$18,225,000	–	28,549	–	2.34%	–
UTX	Sell	UNITED TECHNOLOGIES CORP	$18,222,000	-20.3%	204,770	-0.7%	2.34%	-11.7%
XOM	Buy	EXXON MOBIL CORPORATION	$17,520,000	-10.1%	235,646	+0.5%	2.25%	-0.4%
COL	Sell	ROCKWELL COLLINS INC	$17,391,000	-12.2%	212,502	-0.9%	2.23%	-2.7%
SFM	New	SPROUTS FARMERS MARKET INC	$16,901,000	–	800,976	–	2.17%	–
JPM	Sell	JPMORGAN CHASE & CO	$16,805,000	-10.2%	275,629	-0.2%	2.16%	-0.5%
INTU	Buy	INTUIT INC.	$16,709,000	-11.8%	188,266	+0.1%	2.14%	-2.3%
WMT	Sell	WAL-MART STORES INC	$15,939,000	-8.6%	245,815	-0.0%	2.04%	+1.3%
DCI	Buy	DONALDSON COMPANY INC	$15,630,000	-21.4%	556,620	+0.2%	2.00%	-12.9%
CVX	Sell	CHEVRON CORPORATION	$15,484,000	-28.0%	196,292	-12.0%	1.98%	-20.2%
ORLY	Sell	O REILLY AUTOMOTIVE INC	$15,131,000	-29.6%	60,524	-36.4%	1.94%	-22.0%
PRGO	Buy	PERRIGO CO.	$14,598,000	-14.8%	92,822	+0.1%	1.87%	-5.6%
VMI	Sell	VALMONT INDUSTRIES INC	$14,483,000	-20.2%	152,626	-0.1%	1.86%	-11.6%
GOOG	New	GOOGLE INC CLASS C	$14,289,000	–	23,486	–	1.83%	–
UNFI	Buy	UNITED NATURAL FOODS, INC	$10,348,000	-23.6%	213,327	+0.2%	1.33%	-15.4%
SPY	Buy	SPDR TRUST SERIES I	$8,189,000	+0.8%	42,735	+8.3%	1.05%	+11.7%
AAPL	Buy	APPLE INC	$5,043,000	-9.9%	45,721	+2.4%	0.65%	-0.2%
MMM	Sell	3M COMPANY	$3,332,000	-9.0%	23,500	-0.9%	0.43%	+0.7%
AGG	Sell	ISHARES BARCLAYS AGGREGATE BON	$2,987,000	+0.2%	27,261	-0.5%	0.38%	+11.0%
BMY	Sell	BRISTOL MYERS SQUIBB	$2,878,000	-17.2%	48,611	-7.0%	0.37%	-8.2%
KO	Buy	COCA COLA CO	$2,827,000	+3.1%	70,476	+0.8%	0.36%	+14.2%
IBM	Sell	INTL BUSINESS MACH	$2,500,000	-15.0%	17,242	-4.6%	0.32%	-5.6%
IEFA	Buy	ISHARES CORE CORE MSCI EAFE	$2,437,000	-2.0%	46,150	+8.2%	0.31%	+8.3%
SYY	Sell	SYSCO CORP COM	$2,282,000	-2.6%	58,549	-9.8%	0.29%	+8.1%
DPS	Buy	DR PEPPER SNAPPLE GROUP INC CO	$2,284,000	+8.5%	28,895	+0.0%	0.29%	+20.1%
PFE	Sell	PFIZER INC	$2,278,000	-12.7%	72,537	-6.8%	0.29%	-3.3%
INTC	Buy	INTEL CORP	$2,233,000	+2.9%	74,075	+3.8%	0.29%	+13.9%
VZ	Buy	VERIZON COMMUNICATIONS	$2,142,000	-6.5%	49,234	+0.2%	0.28%	+3.8%
UPS	Sell	UNITED PARCEL SVC INC B	$2,091,000	+1.3%	21,189	-0.6%	0.27%	+12.1%
MCD	Sell	MCDONALDS CORP	$1,802,000	-2.0%	18,288	-5.4%	0.23%	+8.5%
USB	Sell	U.S. BANCORP.	$1,744,000	-6.2%	42,535	-0.7%	0.22%	+4.2%
NSC	Buy	NORFOLK SOUTHERN CORP	$1,742,000	-11.7%	22,798	+0.9%	0.22%	-2.2%
EFA	Sell	ISHARES MSCI EAFE INDEX FUND	$1,594,000	-10.8%	27,812	-1.2%	0.20%	-1.4%
BA	Sell	BOEING CO	$1,495,000	-10.1%	11,419	-4.7%	0.19%	0.0%
WRE	Sell	WASHINGTON REAL ESTATE	$1,485,000	-9.3%	59,576	-5.6%	0.19%	+0.5%
PAA	Buy	PLAINS ALL AMERICAN PIPELINE,	$1,463,000	+48.5%	48,160	+113.1%	0.19%	+64.9%
BRKB	Buy	BERKSHIRE HATHAWAY CL. B	$1,453,000	+237.9%	11,139	+252.6%	0.19%	+272.0%
T	Sell	AT&T CORP	$1,356,000	-18.9%	41,627	-11.5%	0.17%	-9.8%
DE	Sell	DEERE & CO.	$1,335,000	-25.0%	18,036	-1.6%	0.17%	-17.0%
WY	Sell	WEYERHAEUSER CO.	$1,313,000	-14.5%	48,019	-1.5%	0.17%	-5.6%
VWO	Buy	VANGUARD EMERGING MARKETS ETF	$1,273,000	-18.2%	38,476	+1.1%	0.16%	-9.4%
BDN	Sell	BRANDYWINE RLTY TR SH BEN INT	$1,037,000	-12.8%	84,175	-5.9%	0.13%	-3.6%
IVW	Buy	ISHARES TR S&P 500/ GROWTH IND	$1,003,000	-3.8%	9,301	+1.5%	0.13%	+6.6%
IVE	Buy	ISHARES S&P 500 VALUE ETF	$959,000	-0.8%	11,409	+8.8%	0.12%	+9.8%
GE	Sell	GENERAL ELEC CO COM	$895,000	-16.4%	35,502	-11.9%	0.12%	-7.3%
HD	Sell	HOME DEPOT INC	$736,000	-9.7%	6,372	-13.1%	0.09%	0.0%
DD	Sell	DU PONT E I DE NEMOURS	$590,000	-30.5%	12,243	-7.8%	0.08%	-22.4%
ORCL	Sell	ORACLE CORP COM	$568,000	-24.3%	15,713	-15.6%	0.07%	-16.1%
MRK	Sell	MERCK & CO INC NEW	$556,000	-22.2%	11,264	-10.3%	0.07%	-14.5%
IJH	Buy	ISHARES TR S&P MIDCAP 400 INDE	$507,000	-1.6%	3,715	+8.1%	0.06%	+8.3%
ABBV	Sell	ABBVIE INC	$448,000	-19.6%	8,242	-0.6%	0.06%	-10.9%
IJR	Buy	ISHARES TR S&P SMALLCAP 600 IN	$415,000	-3.9%	3,894	+6.4%	0.05%	+6.0%
TIP	Buy	ISHARES BARCLAYS TREAS INFLATI	$416,000	+24.9%	3,754	+26.1%	0.05%	+35.9%
WFC	Sell	WELLS FARGO & CO	$414,000	-20.8%	8,070	-13.3%	0.05%	-13.1%
DUK	Sell	DUKE ENERGY CORP.	$383,000	-3.0%	5,329	-4.8%	0.05%	+6.5%
EWJ	Sell	ISHARES MSCI JAPAN INDEX FUND	$380,000	-47.2%	33,250	-40.8%	0.05%	-41.0%
D	Sell	DOMINION RESOURCES INC	$358,000	-12.3%	5,092	-16.5%	0.05%	-2.1%
ED	Sell	CONSOLIDATED EDISON INC	$334,000	-3.7%	5,000	-16.7%	0.04%	+7.5%
IEMG	Buy	ISHARES CORE MSCI EMERGING MAR	$328,000	-9.4%	8,223	+9.0%	0.04%	0.0%
ILMN	Sell	ILLUMINA INC	$309,000	-45.4%	1,760	-32.0%	0.04%	-38.5%
CSCO	Sell	CISCO SYSTEMS INC	$309,000	-27.3%	11,767	-23.9%	0.04%	-18.4%
SHY	Sell	ISHARES TR 1-3 YR TREASURY IND	$276,000	-1.8%	3,243	-1.9%	0.04%	+6.1%
VGK	Sell	VANGUARD MSCI EUROPE ETF	$268,000	-57.4%	5,450	-53.2%	0.03%	-53.4%
IYR	Buy	ISHARES DJ US REAL ESTATE	$256,000	+5.8%	3,607	+6.3%	0.03%	+17.9%
YUM	Sell	YUM BRANDS INC	$246,000	-22.9%	3,075	-13.1%	0.03%	-13.5%
CHD	Buy	CHURCH & DWIGHT CO INC	$228,000	+4.6%	2,722	+1.5%	0.03%	+16.0%
NEE	Sell	NEXTERA ENERGY INC.	$230,000	-2.1%	2,354	-1.9%	0.03%	+7.4%
MKC	Buy	MCCORMICK & CO INC NON-VOTING	$215,000	+1.4%	2,617	+0.1%	0.03%	+12.0%
CYN	Buy	CITY NATIONAL CORP.	$208,000	-2.3%	2,357	+0.0%	0.03%	+8.0%
MON	Sell	MONSANTO CO PLC	$207,000	-21.6%	2,430	-1.8%	0.03%	-12.9%
CXW	Sell	CORRECTIONS CORP OF AMERICA	$205,000	-17.7%	6,953	-7.8%	0.03%	-10.3%
LMT	Sell	LOCKHEED MARTIN CORP	$203,000	-43.8%	978	-49.7%	0.03%	-38.1%
GNTX	Buy	GENTEX CORP	$190,000	-5.5%	12,233	+0.1%	0.02%	+4.3%
HBAN	Buy	HUNTINGTON BANCSHARES INC	$163,000	-5.8%	15,335	+0.1%	0.02%	+5.0%
MSD	Sell	MORGAN STANLEY EMERGING MARKET	$146,000	-66.0%	17,500	-63.2%	0.02%	-62.0%
CADD	Exit	CADDO INTL INC	$0	–	-10,000	–	0.00%	–
DSWL	Exit	DESWELL INDUSTRIES INC	$0	–	-40,000	–	-0.01%	–
SPKKY	Exit	TELECOM CORP OF NEW ZEALAND AD	$0	–	-14,000	–	-0.02%	–
NYMT	Exit	NEW YORK MTG TR INC COM PAR $.	$0	–	-20,000	–	-0.02%	–
TRMB	Exit	TRIMBLE NAV LTD.	$0	–	-8,645	–	-0.02%	–
NGLS	Exit	TARGA RESOURCES PARTNERS LP	$0	–	-5,186	–	-0.02%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-3,462	–	-0.02%	–
NVS	Exit	NOVARTIS AG	$0	–	-2,137	–	-0.02%	–
EPD	Exit	ENTERPRISE PRODUCTS PPTNS LP	$0	–	-7,660	–	-0.03%	–
WSH	Exit	WILLIS GROUP HOLDINGS LTD	$0	–	-4,915	–	-0.03%	–
TLSYY	Exit	TELSTRA CORPORATION LTD FINAL	$0	–	-10,000	–	-0.03%	–
COP	Exit	CONOCO-PHILIPS	$0	–	-3,860	–	-0.03%	–
WEC	Exit	WISCONSIN ENERGY CORP.	$0	–	-5,862	–	-0.03%	–
UAL	Exit	UNITED AIRLINES	$0	–	-5,350	–	-0.03%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-6,300	–	-0.04%	–
MO	Exit	ALTRIA GROUP INC.	$0	–	-7,051	–	-0.04%	–
KMI	Exit	KINDER MORGAN INC.	$0	–	-9,967	–	-0.04%	–
GOOG	Exit	GOOGLE INC CLASS C	$0	–	-23,982	–	-1.44%	–
GOOGL	Exit	GOOGLE INC CLASS A	$0	–	-28,419	–	-1.78%	–
WFM	Exit	WHOLE FOODS MKT INC	$0	–	-503,993	–	-2.30%	–

Q2 2015

			Value		Shares		↓ Weighting
CVS	New	CVS HEALTH CORP	$42,187,000	–	402,242	–	4.88%	–
PG	New	PROCTER & GAMBLE CO	$32,809,000	–	419,334	–	3.80%	–
JNJ	New	JOHNSON & JOHNSON	$31,385,000	–	322,025	–	3.63%	–
ACN	New	ACCENTURE PLC CL A	$27,371,000	–	282,815	–	3.17%	–
LOW	New	LOWES COMPANIES INC	$26,439,000	–	394,783	–	3.06%	–
FDX	New	FEDEX CORPORATION	$25,350,000	–	148,766	–	2.93%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$24,819,000	–	259,477	–	2.87%	–
CTSH	New	COGNIZANT TECH SOLUTIONS CORP	$24,613,000	–	402,894	–	2.85%	–
SLB	New	SCHLUMBERGER LTD	$24,307,000	–	282,022	–	2.81%	–
MDT	New	MEDTRONIC INC	$23,405,000	–	315,860	–	2.71%	–
PEP	New	PEPSICO INCORPORATED	$23,198,000	–	248,529	–	2.68%	–
MSFT	New	MICROSOFT CORP	$23,084,000	–	522,861	–	2.67%	–
ABT	New	ABBOTT LABORATORIES	$22,905,000	–	466,691	–	2.65%	–
UTX	New	UNITED TECHNOLOGIES CORP	$22,877,000	–	206,225	–	2.65%	–
GS	New	GOLDMAN SACHS GROUP INC	$22,661,000	–	108,537	–	2.62%	–
CL	New	COLGATE PALMOLIVE CO.	$22,583,000	–	345,246	–	2.61%	–
PDCO	New	PATTERSON COMPANIES INC	$22,441,000	–	461,274	–	2.60%	–
QCOM	New	QUALCOMM INC	$22,356,000	–	356,956	–	2.59%	–
SYK	New	STRYKER CORP	$22,256,000	–	232,880	–	2.58%	–
DHR	New	DANAHER CORP	$21,577,000	–	252,094	–	2.50%	–
CVX	New	CHEVRON CORPORATION	$21,511,000	–	222,983	–	2.49%	–
ORLY	New	O REILLY AUTOMOTIVE INC	$21,489,000	–	95,092	–	2.49%	–
DCI	New	DONALDSON COMPANY INC	$19,884,000	–	555,421	–	2.30%	–
WFM	New	WHOLE FOODS MKT INC	$19,877,000	–	503,993	–	2.30%	–
COL	New	ROCKWELL COLLINS INC	$19,806,000	–	214,468	–	2.29%	–
XOM	New	EXXON MOBIL CORPORATION	$19,499,000	–	234,362	–	2.26%	–
INTU	New	INTUIT INC.	$18,950,000	–	188,049	–	2.19%	–
JPM	New	JPMORGAN CHASE & CO	$18,711,000	–	276,141	–	2.16%	–
VMI	New	VALMONT INDUSTRIES INC	$18,153,000	–	152,713	–	2.10%	–
WMT	New	WAL-MART STORES INC	$17,443,000	–	245,916	–	2.02%	–
PRGO	New	PERRIGO CO.	$17,140,000	–	92,732	–	1.98%	–
GOOGL	New	GOOGLE INC CLASS A	$15,347,000	–	28,419	–	1.78%	–
UNFI	New	UNITED NATURAL FOODS, INC	$13,553,000	–	212,828	–	1.57%	–
GOOG	New	GOOGLE INC CLASS C	$12,483,000	–	23,982	–	1.44%	–
SPY	New	SPDR TRUST SERIES I	$8,125,000	–	39,471	–	0.94%	–
AAPL	New	APPLE INC	$5,600,000	–	44,650	–	0.65%	–
MMM	New	3M COMPANY	$3,660,000	–	23,721	–	0.42%	–
BMY	New	BRISTOL MYERS SQUIBB	$3,476,000	–	52,244	–	0.40%	–
AGG	New	ISHARES BARCLAYS AGGREGATE BON	$2,981,000	–	27,405	–	0.34%	–
IBM	New	INTL BUSINESS MACH	$2,941,000	–	18,081	–	0.34%	–
KO	New	COCA COLA CO	$2,742,000	–	69,901	–	0.32%	–
PFE	New	PFIZER INC	$2,609,000	–	77,798	–	0.30%	–
IEFA	New	ISHARES CORE CORE MSCI EAFE	$2,488,000	–	42,672	–	0.29%	–
SYY	New	SYSCO CORP COM	$2,343,000	–	64,890	–	0.27%	–
VZ	New	VERIZON COMMUNICATIONS	$2,290,000	–	49,130	–	0.26%	–
INTC	New	INTEL CORP	$2,170,000	–	71,359	–	0.25%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC CO	$2,106,000	–	28,893	–	0.24%	–
UPS	New	UNITED PARCEL SVC INC B	$2,065,000	–	21,307	–	0.24%	–
NSC	New	NORFOLK SOUTHERN CORP	$1,973,000	–	22,586	–	0.23%	–
USB	New	U.S. BANCORP.	$1,859,000	–	42,836	–	0.22%	–
MCD	New	MCDONALDS CORP	$1,838,000	–	19,333	–	0.21%	–
BHRB	New	BURKE & HERBERT BANK & TRUST	$1,813,000	–	824	–	0.21%	–
EFA	New	ISHARES MSCI EAFE INDEX FUND	$1,787,000	–	28,140	–	0.21%	–
DE	New	DEERE & CO.	$1,779,000	–	18,335	–	0.21%	–
T	New	AT&T CORP	$1,671,000	–	47,045	–	0.19%	–
BA	New	BOEING CO	$1,663,000	–	11,986	–	0.19%	–
WRE	New	WASHINGTON REAL ESTATE	$1,637,000	–	63,078	–	0.19%	–
VWO	New	VANGUARD EMERGING MARKETS ETF	$1,556,000	–	38,069	–	0.18%	–
WY	New	WEYERHAEUSER CO.	$1,536,000	–	48,762	–	0.18%	–
SYNL	New	SYNALLOY CORP.	$1,475,000	–	107,647	–	0.17%	–
BDN	New	BRANDYWINE RLTY TR SH BEN INT	$1,189,000	–	89,499	–	0.14%	–
GE	New	GENERAL ELEC CO COM	$1,070,000	–	40,277	–	0.12%	–
IVW	New	ISHARES TR S&P 500/ GROWTH IND	$1,043,000	–	9,164	–	0.12%	–
BBT	New	BB&T CORP	$1,020,000	–	25,301	–	0.12%	–
PAA	New	PLAINS ALL AMERICAN PIPELINE,	$985,000	–	22,600	–	0.11%	–
IVE	New	ISHARES S&P 500 VALUE ETF	$967,000	–	10,484	–	0.11%	–
DD	New	DU PONT E I DE NEMOURS	$849,000	–	13,283	–	0.10%	–
HD	New	HOME DEPOT INC	$815,000	–	7,333	–	0.09%	–
ORCL	New	ORACLE CORP COM	$750,000	–	18,613	–	0.09%	–
EWJ	New	ISHARES MSCI JAPAN INDEX FUND	$720,000	–	56,175	–	0.08%	–
VNQ	New	VANGUARD REIT ETF	$713,000	–	9,544	–	0.08%	–
MRK	New	MERCK & CO INC NEW	$715,000	–	12,564	–	0.08%	–
SRCL	New	STERICYCLE INC	$658,000	–	4,916	–	0.08%	–
VGK	New	VANGUARD MSCI EUROPE ETF	$629,000	–	11,650	–	0.07%	–
MAR	New	MARRIOTT INTL INC NEW CL. A	$571,000	–	7,680	–	0.07%	–
ILMN	New	ILLUMINA INC	$566,000	–	2,590	–	0.06%	–
ABBV	New	ABBVIE INC	$557,000	–	8,292	–	0.06%	–
WFC	New	WELLS FARGO & CO	$523,000	–	9,303	–	0.06%	–
IJH	New	ISHARES TR S&P MIDCAP 400 INDE	$515,000	–	3,436	–	0.06%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$513,000	–	6,075	–	0.06%	–
WAT	New	WATERS CORP COM	$492,000	–	3,836	–	0.06%	–
PANW	New	PALO ALTO NETWORKS	$489,000	–	2,800	–	0.06%	–
MSD	New	MORGAN STANLEY EMERGING MARKET	$429,000	–	47,600	–	0.05%	–
BRKB	New	BERKSHIRE HATHAWAY CL. B	$430,000	–	3,159	–	0.05%	–
IJR	New	ISHARES TR S&P SMALLCAP 600 IN	$432,000	–	3,661	–	0.05%	–
STZ	New	CONSTELLATION BRANDS INC. A	$436,000	–	3,760	–	0.05%	–
CSCO	New	CISCO SYSTEMS INC	$425,000	–	15,467	–	0.05%	–
D	New	DOMINION RESOURCES INC	$408,000	–	6,100	–	0.05%	–
BRKA	New	BERKSHIRE HATHAWAY CL. A	$410,000	–	2	–	0.05%	–
DUK	New	DUKE ENERGY CORP.	$395,000	–	5,595	–	0.05%	–
TXN	New	TEXAS INSTRUMENTS, INC	$386,000	–	7,500	–	0.04%	–
IT	New	GARTNER GROUP INC	$393,000	–	4,580	–	0.04%	–
KMI	New	KINDER MORGAN INC.	$383,000	–	9,967	–	0.04%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$382,000	–	4,764	–	0.04%	–
KMB	New	KIMBERLY CLARK CORP	$376,000	–	3,545	–	0.04%	–
MKL	New	MARKEL CORP	$359,000	–	448	–	0.04%	–
LMT	New	LOCKHEED MARTIN CORP	$361,000	–	1,943	–	0.04%	–
IEMG	New	ISHARES CORE MSCI EMERGING MAR	$362,000	–	7,544	–	0.04%	–
MO	New	ALTRIA GROUP INC.	$345,000	–	7,051	–	0.04%	–
ED	New	CONSOLIDATED EDISON INC	$347,000	–	6,000	–	0.04%	–
TIP	New	ISHARES BARCLAYS TREAS INFLATI	$333,000	–	2,976	–	0.04%	–
AMGN	New	AMGEN INC COM	$339,000	–	2,210	–	0.04%	–
TEVA	New	TEVA PHARMACEUTICAL INDUSTRIES	$331,000	–	5,600	–	0.04%	–
ETP	New	ENERGY TRANSFER PARTNERS LP	$318,000	–	6,100	–	0.04%	–
DOW	New	DOW CHEMICAL CO	$322,000	–	6,300	–	0.04%	–
YUM	New	YUM BRANDS INC	$319,000	–	3,540	–	0.04%	–
AZO	New	AUTOZONE INC	$310,000	–	465	–	0.04%	–
GLD	New	STREETTRACKS GOLD TRUST	$308,000	–	2,740	–	0.04%	–
SSW	New	SEASPAN CORP SHS ISIN	$297,000	–	15,761	–	0.03%	–
ROST	New	ROSS STORES INC	$292,000	–	6,000	–	0.03%	–
IWF	New	ISHARES TR RUSSELL 1000 GROWTH	$292,000	–	2,954	–	0.03%	–
	New	BAYER AG	$281,000	–	2,000	–	0.03%	–
PPH	New	PHARMACEUTICAL HOLDRS TR	$283,000	–	4,000	–	0.03%	–
UAL	New	UNITED AIRLINES	$284,000	–	5,350	–	0.03%	–
SHY	New	ISHARES TR 1-3 YR TREASURY IND	$281,000	–	3,307	–	0.03%	–
IWD	New	ISHARES RUSSELL 1000 VALUE IND	$271,000	–	2,630	–	0.03%	–
MON	New	MONSANTO CO PLC	$264,000	–	2,475	–	0.03%	–
FRT	New	FEDERAL REALTY INVST TR SH BEN	$271,000	–	2,119	–	0.03%	–
WEC	New	WISCONSIN ENERGY CORP.	$264,000	–	5,862	–	0.03%	–
AVB	New	AVALON BAY CMNTYS INC	$260,000	–	1,625	–	0.03%	–
	New	BASF SE NPV	$248,000	–	2,800	–	0.03%	–
CXW	New	CORRECTIONS CORP OF AMERICA	$249,000	–	7,539	–	0.03%	–
BIV	New	VANGUARD INTERM TERM BOND ETF	$252,000	–	3,000	–	0.03%	–
IYR	New	ISHARES DJ US REAL ESTATE	$242,000	–	3,392	–	0.03%	–
SPR	New	SPIRIT AEROSYSTEMS	$243,000	–	4,404	–	0.03%	–
CHKP	New	CHECK POINT SOFTWARE	$239,000	–	3,000	–	0.03%	–
TLSYY	New	TELSTRA CORPORATION LTD FINAL	$236,000	–	10,000	–	0.03%	–
BXP	New	BOSTON PROPERTIES INC	$237,000	–	1,955	–	0.03%	–
WSH	New	WILLIS GROUP HOLDINGS LTD	$231,000	–	4,915	–	0.03%	–
COP	New	CONOCO-PHILIPS	$237,000	–	3,860	–	0.03%	–
NEE	New	NEXTERA ENERGY INC.	$235,000	–	2,399	–	0.03%	–
LLY	New	LILLY ELI & CO	$228,000	–	2,732	–	0.03%	–
EPD	New	ENTERPRISE PRODUCTS PPTNS LP	$229,000	–	7,660	–	0.03%	–
HME	New	HOME PROPERTYS INC.	$226,000	–	3,100	–	0.03%	–
XEC	New	CIMAREX ENERGY COMPANY	$221,000	–	2,000	–	0.03%	–
CHD	New	CHURCH & DWIGHT CO INC	$218,000	–	2,681	–	0.02%	–
MKC	New	MCCORMICK & CO INC NON-VOTING	$212,000	–	2,615	–	0.02%	–
CYN	New	CITY NATIONAL CORP.	$213,000	–	2,356	–	0.02%	–
NVS	New	NOVARTIS AG	$210,000	–	2,137	–	0.02%	–
GIS	New	GENERAL MILLS INC.	$209,000	–	3,746	–	0.02%	–
CMCSA	New	COMCAST CORP CL A	$208,000	–	3,462	–	0.02%	–
AMZN	New	AMAZON.COM	$209,000	–	481	–	0.02%	–
TRMB	New	TRIMBLE NAV LTD.	$203,000	–	8,645	–	0.02%	–
GNTX	New	GENTEX CORP	$201,000	–	12,225	–	0.02%	–
NGLS	New	TARGA RESOURCES PARTNERS LP	$200,000	–	5,186	–	0.02%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$173,000	–	15,325	–	0.02%	–
NYMT	New	NEW YORK MTG TR INC COM PAR $.	$150,000	–	20,000	–	0.02%	–
SPKKY	New	TELECOM CORP OF NEW ZEALAND AD	$132,000	–	14,000	–	0.02%	–
DSWL	New	DESWELL INDUSTRIES INC	$72,000	–	40,000	–	0.01%	–
TEAR	New	OCCULOGIX INC COM NEW	$56,000	–	27,711	–	0.01%	–
CADD	New	CADDO INTL INC	$0	–	10,000	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
TSI	Exit	TCW STRATEGIC INCOME FUND INC	$0	–	-10,340	–	-0.01%	–
DSWL	Exit	DESWELL INDUSTRIES INC	$0	–	-40,000	–	-0.01%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-12,550	–	-0.02%	–
TEAR	Exit	OCCULOGIX INC COM NEW	$0	–	-35,728	–	-0.02%	–
IVC	Exit	INVACARE CORP	$0	–	-11,763	–	-0.02%	–
NVS	Exit	NOVARTIS AG	$0	–	-2,137	–	-0.03%	–
HP	Exit	HELMERICH & PAYNE	$0	–	-2,075	–	-0.03%	–
PETM	Exit	PETSMART INC COM	$0	–	-2,945	–	-0.03%	–
DRC	Exit	DRESSER-RAND GROUP INC	$0	–	-2,525	–	-0.03%	–
CHKP	Exit	CHECK POINT SOFTWARE	$0	–	-3,000	–	-0.03%	–
TYG	Exit	TORTOISE ENERGY INFRASTRUCTURE	$0	–	-4,359	–	-0.03%	–
EEP	Exit	ENBRIDGE ENERGY PARTNERS LP	$0	–	-5,475	–	-0.03%	–
ESV	Exit	ENSCO INTL INC	$0	–	-5,292	–	-0.03%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-1,955	–	-0.03%	–
MDU	Exit	M D U RES GROUP INC	$0	–	-7,950	–	-0.03%	–
CXW	Exit	CORRECTIONS CORP AMER NEW	$0	–	-6,536	–	-0.03%	–
NEE	Exit	NEXTERA ENERGY INC.	$0	–	-2,354	–	-0.03%	–
AVB	Exit	AVALON BAY CMNTYS INC	$0	–	-1,625	–	-0.03%	–
AZO	Exit	AUTOZONE INC	$0	–	-465	–	-0.03%	–
CB	Exit	CHUBB CORP	$0	–	-2,600	–	-0.03%	–
AMJ	Exit	JPMORGAN CHASE & CO ALERIAN ML	$0	–	-4,600	–	-0.03%	–
MKL	Exit	MARKEL CORP	$0	–	-383	–	-0.03%	–
PPH	Exit	PHARMACEUTICAL HOLDRS TR	$0	–	-4,000	–	-0.03%	–
	Exit	BASF SE NPV	$0	–	-2,800	–	-0.03%	–
BIV	Exit	VANGUARD INTERM TERM BOND ETF	$0	–	-3,000	–	-0.03%	–
XEC	Exit	CIMAREX ENERGY COMPANY	$0	–	-2,000	–	-0.03%	–
SIAL	Exit	SIGMA ALDRICH CORP	$0	–	-1,900	–	-0.03%	–
FRT	Exit	FEDERAL REALTY INVST TR SH BEN	$0	–	-2,194	–	-0.03%	–
ROST	Exit	ROSS STORES INC	$0	–	-3,486	–	-0.03%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-4,858	–	-0.03%	–
	Exit	BAYER AG	$0	–	-2,000	–	-0.04%	–
COP	Exit	CONOCO-PHILIPS	$0	–	-3,570	–	-0.04%	–
PANW	Exit	PALO ALTO NETWORKS	$0	–	-2,800	–	-0.04%	–
4945SC	Exit	KINDER MORGAN ENERGY PARTNERS	$0	–	-3,150	–	-0.04%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDUSTRIES	$0	–	-5,600	–	-0.04%	–
UAL	Exit	UNITED AIRLINES	$0	–	-6,450	–	-0.04%	–
IT	Exit	GARTNER GROUP INC	$0	–	-4,060	–	-0.04%	–
AMGN	Exit	AMGEN INC COM	$0	–	-2,200	–	-0.04%	–
EPD	Exit	ENTERPRISE PRODUCTS PPTNS LP	$0	–	-7,660	–	-0.04%	–
STZ	Exit	CONSTELLATION BRANDS INC. A	$0	–	-3,760	–	-0.04%	–
FAST	Exit	FASTENAL CO.	$0	–	-7,444	–	-0.04%	–
SSW	Exit	SEASPAN CORP SHS ISIN	$0	–	-15,761	–	-0.04%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-6,000	–	-0.04%	–
WAT	Exit	WATERS CORP COM	$0	–	-3,409	–	-0.04%	–
GLD	Exit	STREETTRACKS GOLD TRUST	$0	–	-2,927	–	-0.04%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-6,041	–	-0.05%	–
TXN	Exit	TEXAS INSTRUMENTS, INC	$0	–	-7,500	–	-0.05%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL. B	$0	–	-2,725	–	-0.05%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-7,300	–	-0.05%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-3,545	–	-0.05%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,103	–	-0.05%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LP	$0	–	-6,290	–	-0.05%	–
LLY	Exit	LILLY ELI & CO	$0	–	-6,300	–	-0.05%	–
DUK	Exit	DUKE ENERGY CORP.	$0	–	-5,595	–	-0.05%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-6,012	–	-0.05%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-17,102	–	-0.06%	–
ILMN	Exit	ILLUMINA INC	$0	–	-2,665	–	-0.06%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-8,775	–	-0.06%	–
DD	Exit	DU PONT E I DE NEMOURS	$0	–	-6,483	–	-0.06%	–
MAR	Exit	MARRIOTT INTL INC NEW CL. A	$0	–	-7,680	–	-0.07%	–
SRCL	Exit	STERICYCLE INC	$0	–	-4,916	–	-0.08%	–
WAG	Exit	WALGREEN CO COM	$0	–	-10,050	–	-0.08%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL. A	$0	–	-3	–	-0.08%	–
ORCL	Exit	ORACLE CORP COM	$0	–	-16,548	–	-0.08%	–
LINEQ	Exit	LINN ENERGY LLC	$0	–	-21,600	–	-0.08%	–
HD	Exit	HOME DEPOT INC	$0	–	-7,233	–	-0.09%	–
EWJ	Exit	ISHARES MSCI JAPAN INDEX FUND	$0	–	-57,675	–	-0.09%	–
T	Exit	AT&T CORP	$0	–	-23,689	–	-0.11%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-14,891	–	-0.12%	–
ABBV	Exit	ABBVIE INC	$0	–	-16,083	–	-0.12%	–
BBT	Exit	BB&T CORP	$0	–	-25,301	–	-0.12%	–
VGK	Exit	VANGUARD MSCI EUROPE ETF	$0	–	-17,150	–	-0.12%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-11,564	–	-0.12%	–
FITB	Exit	FIFTH THIRD BANCORP.	$0	–	-53,392	–	-0.14%	–
GE	Exit	GENERAL ELEC CO COM	$0	–	-41,880	–	-0.14%	–
BDN	Exit	BRANDYWINE RLTY TR SH BEN INT	$0	–	-82,259	–	-0.15%	–
DE	Exit	DEERE & CO.	$0	–	-17,490	–	-0.19%	–
WRE	Exit	WASHINGTON REAL ESTATE	$0	–	-57,995	–	-0.19%	–
WY	Exit	WEYERHAEUSER CO.	$0	–	-47,982	–	-0.20%	–
BA	Exit	BOEING CO	$0	–	-12,411	–	-0.21%	–
MCD	Exit	MCDONALDS CORP	$0	–	-17,385	–	-0.21%	–
USB	Exit	U.S. BANCORP.	$0	–	-41,907	–	-0.23%	–
BHRB	Exit	BURKE & HERBERT BANK & TRUST	$0	–	-824	–	-0.24%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC CO	$0	–	-28,398	–	-0.24%	–
UPS	Exit	UNITED PARCEL SVC INC B	$0	–	-20,445	–	-0.26%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-45,844	–	-0.30%	–
SYY	Exit	SYSCO CORP COM	$0	–	-60,495	–	-0.30%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-21,805	–	-0.32%	–
INTC	Exit	INTEL CORP	$0	–	-70,009	–	-0.32%	–
PFE	Exit	PFIZER INC	$0	–	-86,201	–	-0.33%	–
BMY	Exit	BRISTOL MYERS SQUIBB	$0	–	-51,015	–	-0.34%	–
KO	Exit	COCA COLA CO	$0	–	-67,522	–	-0.38%	–
IBM	Exit	INTL BUSINESS MACH	$0	–	-17,086	–	-0.42%	–
MMM	Exit	3M COMPANY	$0	–	-23,590	–	-0.44%	–
AAPL	Exit	APPLE COMPUTER,INC	$0	–	-45,011	–	-0.59%	–
SPY	Exit	SPDR TRUST SERIES I	$0	–	-38,275	–	-0.98%	–
DCI	Exit	DONALDSON COMPANY INC	$0	–	-272,137	–	-1.44%	–
VMI	Exit	VALMONT INDS INC.	$0	–	-84,259	–	-1.48%	–
UNFI	Exit	UNITED NATURAL FOODS, INC.	$0	–	-196,118	–	-1.57%	–
MON	Exit	MONSANTO CO NEW DEL	$0	–	-111,107	–	-1.63%	–
PRGO	Exit	PERRIGO CO.	$0	–	-85,984	–	-1.68%	–
YUM	Exit	YUM BRANDS INC	$0	–	-192,161	–	-1.80%	–
GOOG	Exit	GOOGLE INC CLASS C	$0	–	-24,229	–	-1.82%	–
ORLY	Exit	O REILLY AUTOMOTIVE NEW	$0	–	-93,475	–	-1.83%	–
GOOGL	Exit	GOOGLE INC. CLASS A	$0	–	-25,473	–	-1.95%	–
INTU	Exit	INTUIT INC.	$0	–	-178,144	–	-2.03%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-260,378	–	-2.04%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-202,125	–	-2.06%	–
CTSH	Exit	COGNIZANT TECH SOLUTIONS CORP.	$0	–	-381,555	–	-2.22%	–
QCOM	Exit	QUALCOMM INC	$0	–	-235,771	–	-2.29%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-230,815	–	-2.30%	–
SYK	Exit	STRYKER CORP	$0	–	-222,104	–	-2.33%	–
WFM	Exit	WHOLE FOODS MKT INC	$0	–	-473,689	–	-2.35%	–
PDCO	Exit	PATTERSON COMPANIES	$0	–	-436,049	–	-2.35%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-238,023	–	-2.35%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-444,369	–	-2.40%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-100,798	–	-2.41%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-379,700	–	-2.61%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-194,206	–	-2.67%	–
PNC	Exit	PNC BANK CORPORATION	$0	–	-246,947	–	-2.75%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-226,719	–	-2.77%	–
ACN	Exit	ACCENTURE PLC CL A	$0	–	-267,464	–	-2.83%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-234,331	–	-2.84%	–
CL	Exit	COLGATE PALMOLIVE CO.	$0	–	-345,596	–	-2.93%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-141,542	–	-2.97%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-497,081	–	-3.00%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-279,176	–	-3.04%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-210,768	–	-3.27%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-264,698	–	-3.50%	–
MDT	Exit	MEDTRONIC INC	$0	–	-446,445	–	-3.60%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-388,260	–	-4.02%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-305,241	–	-4.23%	–

Q3 2014

			Value		Shares		↓ Weighting
JNJ	Sell	JOHNSON & JOHNSON	$32,536,000	+1.5%	305,241	-0.4%	4.23%	+2.8%
CVS	Buy	CVS HEALTH CORP	$30,902,000	+5.8%	388,260	+0.2%	4.02%	+7.2%
MDT	Buy	MEDTRONIC INC	$27,657,000	-2.7%	446,445	+0.2%	3.60%	-1.4%
SLB	Sell	SCHLUMBERGER LTD	$26,917,000	-14.8%	264,698	-1.2%	3.50%	-13.7%
CVX	Buy	CHEVRON CORPORATION	$25,149,000	-7.9%	210,768	+0.8%	3.27%	-6.6%
PG	Buy	PROCTER & GAMBLE	$23,378,000	+7.4%	279,176	+0.8%	3.04%	+8.8%
MSFT	Sell	MICROSOFT CORP	$23,045,000	+9.9%	497,081	-1.1%	3.00%	+11.4%
FDX	Buy	FEDEX CORPORATION	$22,852,000	+7.2%	141,542	+0.5%	2.97%	+8.6%
CL	Sell	COLGATE PALMOLIVE CO.	$22,540,000	-4.5%	345,596	-0.1%	2.93%	-3.2%
PEP	Buy	PEPSICO INCORPORATED	$21,814,000	+4.5%	234,331	+0.3%	2.84%	+5.9%
ACN	Buy	ACCENTURE PLC CL A	$21,750,000	+1.4%	267,464	+0.8%	2.83%	+2.7%
XOM	Buy	EXXON MOBIL CORPORATION	$21,323,000	-5.8%	226,719	+0.8%	2.77%	-4.6%
PNC	Sell	PNC BANK CORPORATION	$21,134,000	-4.0%	246,947	-0.1%	2.75%	-2.7%
UTX	Buy	UNITED TECHNOLOGIES CORP	$20,508,000	-7.5%	194,206	+1.1%	2.67%	-6.3%
LOW	Buy	LOWES COMPANIES INC	$20,094,000	+10.9%	379,700	+0.6%	2.61%	+12.4%
GS	Buy	GOLDMAN SACHS GROUP INC	$18,504,000	+10.4%	100,798	+0.7%	2.41%	+11.8%
ABT	Buy	ABBOTT LABORATORIES	$18,481,000	+2.5%	444,369	+0.8%	2.40%	+3.8%
DHR	Buy	DANAHER CORP DEL	$18,085,000	-2.4%	238,023	+1.1%	2.35%	-1.1%
PDCO	Buy	PATTERSON COMPANIES	$18,065,000	+5.6%	436,049	+0.7%	2.35%	+7.0%
WFM	Buy	WHOLE FOODS MKT INC	$18,052,000	+52.6%	473,689	+54.6%	2.35%	+54.6%
SYK	Buy	STRYKER CORP	$17,935,000	-3.1%	222,104	+1.2%	2.33%	-1.8%
WMT	Buy	WAL-MART STORES INC	$17,650,000	+2.8%	230,815	+0.9%	2.30%	+4.2%
QCOM	Buy	QUALCOMM INC	$17,629,000	-4.6%	235,771	+1.0%	2.29%	-3.3%
CTSH	Buy	COGNIZANT TECH SOLUTIONS CORP.	$17,082,000	-7.2%	381,555	+1.4%	2.22%	-6.0%
COL	Buy	ROCKWELL COLLINS INC	$15,867,000	+1.8%	202,125	+1.3%	2.06%	+3.1%
JPM	Buy	JPMORGAN CHASE & CO	$15,685,000	+6.7%	260,378	+2.0%	2.04%	+8.1%
INTU	Buy	INTUIT INC.	$15,614,000	+9.6%	178,144	+0.7%	2.03%	+11.0%
GOOGL	Buy	GOOGLE INC. CLASS A	$14,989,000	+5.0%	25,473	+4.3%	1.95%	+6.3%
ORLY	Buy	O REILLY AUTOMOTIVE NEW	$14,055,000	+0.9%	93,475	+1.1%	1.83%	+2.3%
GOOG	Buy	GOOGLE INC CLASS C	$13,989,000	+2.1%	24,229	+1.7%	1.82%	+3.4%
YUM	Buy	YUM BRANDS INC	$13,832,000	-10.4%	192,161	+1.1%	1.80%	-9.2%
PRGO	Buy	PERRIGO CO.	$12,914,000	+5.7%	85,984	+2.5%	1.68%	+7.1%
MON	Buy	MONSANTO CO NEW DEL	$12,501,000	-9.5%	111,107	+0.4%	1.63%	-8.3%
UNFI	Buy	UNITED NATURAL FOODS, INC.	$12,053,000	-5.2%	196,118	+0.4%	1.57%	-4.0%
VMI	Buy	VALMONT INDS INC.	$11,369,000	-8.1%	84,259	+3.5%	1.48%	-6.9%
DCI	Buy	DONALDSON COMPANY INC	$11,057,000	-2.7%	272,137	+1.4%	1.44%	-1.4%
SPY	Sell	SPDR TRUST SERIES I	$7,541,000	-0.5%	38,275	-1.2%	0.98%	+0.8%
AAPL	Buy	APPLE COMPUTER,INC	$4,535,000	+22.7%	45,011	+13.2%	0.59%	+24.2%
MMM	Sell	3M COMPANY	$3,342,000	-3.3%	23,590	-2.2%	0.44%	-2.0%
IBM	Buy	INTL BUSINESS MACH	$3,243,000	+6.6%	17,086	+1.8%	0.42%	+7.9%
KO	Sell	COCA COLA CO	$2,880,000	-0.0%	67,522	-0.7%	0.38%	+1.4%
BMY	Sell	BRISTOL MYERS SQUIBB	$2,611,000	+1.4%	51,015	-3.9%	0.34%	+2.7%
PFE	Sell	PFIZER INC	$2,549,000	-4.9%	86,201	-4.5%	0.33%	-3.5%
INTC	Sell	INTEL CORP	$2,438,000	+12.4%	70,009	-0.3%	0.32%	+13.6%
NSC	Sell	NORFOLK SOUTHERN CORP	$2,433,000	+7.0%	21,805	-1.2%	0.32%	+8.6%
SYY	Sell	SYSCO CORP COM	$2,296,000	-0.6%	60,495	-1.9%	0.30%	+1.0%
VZ	Sell	VERIZON COMMUNICATIONS	$2,292,000	-11.2%	45,844	-13.1%	0.30%	-10.2%
UPS	Buy	UNITED PARCEL SVC INC B	$2,010,000	-4.0%	20,445	+0.2%	0.26%	-3.0%
DPS	Buy	DR PEPPER SNAPPLE GROUP INC CO	$1,826,000	+11.0%	28,398	+1.2%	0.24%	+12.8%
USB	Buy	U.S. BANCORP.	$1,753,000	-2.3%	41,907	+1.1%	0.23%	-0.9%
MCD	Sell	MCDONALDS CORP	$1,648,000	-8.5%	17,385	-2.8%	0.21%	-7.4%
BA	Sell	BOEING CO	$1,581,000	-2.2%	12,411	-2.4%	0.21%	-1.0%
WY	Sell	WEYERHAEUSER CO.	$1,529,000	-15.1%	47,982	-11.8%	0.20%	-13.9%
WRE	Buy	WASHINGTON REAL ESTATE	$1,472,000	-1.2%	57,995	+1.1%	0.19%	+0.5%
BDN	Buy	BRANDYWINE RLTY TR SH BEN INT	$1,157,000	-8.8%	82,259	+1.2%	0.15%	-7.4%
GE	Buy	GENERAL ELEC CO COM	$1,073,000	+12.8%	41,880	+15.8%	0.14%	+14.8%
FITB	Buy	FIFTH THIRD BANCORP.	$1,069,000	-2.4%	53,392	+4.1%	0.14%	-1.4%
VGK	Buy	VANGUARD MSCI EUROPE ETF	$947,000	+146.6%	17,150	+168.0%	0.12%	+151.0%
ABBV	Sell	ABBVIE INC	$929,000	-0.4%	16,083	-2.7%	0.12%	+0.8%
MRK	Sell	MERCK & CO INC NEW	$883,000	-1.3%	14,891	-3.7%	0.12%	0.0%
T	Sell	AT&T CORP	$835,000	-24.0%	23,689	-23.7%	0.11%	-22.7%
EWJ	Buy	ISHARES MSCI JAPAN INDEX FUND	$679,000	+2.6%	57,675	+4.9%	0.09%	+3.5%
HD	Sell	HOME DEPOT INC	$664,000	-6.3%	7,233	-17.4%	0.09%	-5.5%
ORCL	Sell	ORACLE CORP COM	$633,000	-24.3%	16,548	-19.8%	0.08%	-23.4%
WFC	Sell	WELLS FARGO & CO	$455,000	-14.5%	8,775	-13.3%	0.06%	-13.2%
CSCO	Sell	CISCO SYSTEMS INC	$430,000	-13.1%	17,102	-14.1%	0.06%	-12.5%
DUK	Sell	DUKE ENERGY CORP.	$418,000	-10.9%	5,595	-11.6%	0.05%	-10.0%
D	Sell	DOMINION RESOURCES INC	$415,000	-12.1%	6,012	-8.8%	0.05%	-11.5%
LLY	Sell	LILLY ELI & CO	$409,000	-21.6%	6,300	-24.9%	0.05%	-20.9%
ETP	Buy	ENERGY TRANSFER PARTNERS LP	$402,000	+21.8%	6,290	+10.4%	0.05%	+23.8%
KMB	Sell	KIMBERLY CLARK CORP	$381,000	-12.0%	3,545	-9.0%	0.05%	-10.7%
TJX	Sell	TJX COMPANIES INC	$357,000	+9.5%	6,041	-1.6%	0.05%	+9.5%
ED	Sell	CONSOLIDATED EDISON INC	$340,000	-15.8%	6,000	-14.3%	0.04%	-15.4%
GLD	Sell	STREETTRACKS GOLD TRUST	$340,000	-33.9%	2,927	-27.1%	0.04%	-33.3%
FAST	Sell	FASTENAL CO.	$334,000	-14.1%	7,444	-5.3%	0.04%	-14.0%
AMGN	Sell	AMGEN INC COM	$309,000	+13.6%	2,200	-4.3%	0.04%	+14.3%
EPD	Buy	ENTERPRISE PRODUCTS PPTNS LP	$309,000	+3.0%	7,660	+100.0%	0.04%	+2.6%
TEVA	Sell	TEVA PHARMACEUTICAL INDUSTRIES	$301,000	+1.3%	5,600	-1.2%	0.04%	+2.6%
4945SC	Sell	KINDER MORGAN ENERGY PARTNERS	$294,000	-2.0%	3,150	-13.8%	0.04%	-2.6%
COP	Buy	CONOCO-PHILIPS	$273,000	-9.0%	3,570	+2.1%	0.04%	-7.7%
CMCSA	Buy	COMCAST CORP CL A	$261,000	+1.6%	4,858	+1.5%	0.03%	+3.0%
FRT	Buy	FEDERAL REALTY INVST TR SH BEN	$260,000	+7.9%	2,194	+10.0%	0.03%	+9.7%
SIAL	New	SIGMA ALDRICH CORP	$258,000	–	1,900	–	0.03%	–
AZO	Sell	AUTOZONE INC	$237,000	-32.1%	465	-28.5%	0.03%	-31.1%
CB	Sell	CHUBB CORP	$237,000	-14.7%	2,600	-13.9%	0.03%	-13.9%
NEE	Sell	NEXTERA ENERGY INC.	$221,000	-21.9%	2,354	-14.8%	0.03%	-19.4%
CXW	New	CORRECTIONS CORP AMER NEW	$225,000	–	6,536	–	0.03%	–
ESV	New	ENSCO INTL INC	$219,000	–	5,292	–	0.03%	–
CHKP	Sell	CHECK POINT SOFTWARE	$208,000	+1.5%	3,000	-2.1%	0.03%	+3.8%
PETM	New	PETSMART INC COM	$206,000	–	2,945	–	0.03%	–
DRC	New	DRESSER-RAND GROUP INC	$208,000	–	2,525	–	0.03%	–
NVS	Sell	NOVARTIS AG	$201,000	-2.0%	2,137	-5.5%	0.03%	0.0%
HBAN	Sell	HUNTINGTON BANCSHARES INC	$122,000	-17.6%	12,550	-19.3%	0.02%	-15.8%
PGLO	Exit	PAN GLOBAL CORP COM	$0	–	-20,000	–	0.00%	–
OGZPY	Exit	OAO GAZPROM S/ADR	$0	–	-10,000	–	-0.01%	–
PSEC	Exit	PROSPECT CAPITAL CORP	$0	–	-15,000	–	-0.02%	–
ORAN	Exit	ORANGE ADR EACH REPR 1 ORD EUR	$0	–	-10,000	–	-0.02%	–
SFL	Exit	SHIP FINANCE INTERNATIONAL COM	$0	–	-11,000	–	-0.03%	–
SE	Exit	SPECTRA ENERGY	$0	–	-5,025	–	-0.03%	–
SAN	Exit	BANCO SANTANDER CHILE (NEW)	$0	–	-20,000	–	-0.03%	–
FCX	Exit	FREEPORT MCMORAN INC.	$0	–	-5,960	–	-0.03%	–
NRT	Exit	NORTH EUROPEAN OIL RTY TR CTF	$0	–	-10,000	–	-0.03%	–
P105PS	Exit	INTEGRYS ENERGY GROUP INC	$0	–	-4,000	–	-0.04%	–
LO	Exit	LORILLARD INC COM	$0	–	-5,000	–	-0.04%	–
NYMT	Exit	NEW YORK MTG TR INC COM PAR $.	$0	–	-40,000	–	-0.04%	–
MO	Exit	ALTRIA GROUP INC.	$0	–	-7,800	–	-0.04%	–
IEP	Exit	ICAHN ENTERPRISES LP DESPOSITA	$0	–	-3,500	–	-0.04%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC ADR - A	$0	–	-4,500	–	-0.05%	–
PBI	Exit	PITNEY BOWES, INC	$0	–	-14,000	–	-0.05%	–
NZTCY	Exit	TELECOM CORP OF NEW ZEALAND AD	$0	–	-34,000	–	-0.05%	–
SDRL	Exit	SEADRILL LTD USD2	$0	–	-10,000	–	-0.05%	–
RAI	Exit	REYNOLDS AMERICAN, INC.	$0	–	-7,800	–	-0.06%	–
TLSYY	Exit	TELSTRA CORPORATION LTD FINAL	$0	–	-20,000	–	-0.06%	–
BPT	Exit	BP PRUDHOE BAY RTY TR UNIT BEN	$0	–	-5,600	–	-0.07%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC ADR - B	$0	–	-8,551	–	-0.10%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP.	$0	–	-8,157	–	-0.11%	–
CELG	Exit	CELGENE CORP	$0	–	-83,358	–	-0.92%	–

Q2 2014

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$32,052,000	–	306,366	–	4.12%	–
SLB	New	SCHLUMBERGER LTD	$31,602,000	–	267,928	–	4.06%	–
CVS	New	C V S CAREMARK CORP	$29,215,000	–	387,625	–	3.75%	–
MDT	New	MEDTRONIC INC	$28,417,000	–	445,690	–	3.65%	–
CVX	New	CHEVRON CORPORATION	$27,293,000	–	209,061	–	3.50%	–
CL	New	COLGATE PALMOLIVE CO.	$23,593,000	–	346,036	–	3.03%	–
XOM	New	EXXON MOBIL CORPORATION	$22,640,000	–	224,869	–	2.91%	–
UTX	New	UNITED TECHNOLOGIES CORP	$22,174,000	–	192,068	–	2.85%	–
PNC	New	PNC BANK CORPORATION	$22,009,000	–	247,157	–	2.83%	–
PG	New	PROCTER & GAMBLE	$21,769,000	–	276,998	–	2.80%	–
ACN	New	ACCENTURE PLC CL A	$21,458,000	–	265,444	–	2.76%	–
FDX	New	FEDEX CORPORATION	$21,312,000	–	140,787	–	2.74%	–
MSFT	New	MICROSOFT CORP	$20,962,000	–	502,692	–	2.69%	–
PEP	New	PEPSICO INCORPORATED	$20,883,000	–	233,742	–	2.68%	–
DHR	New	DANAHER CORP DEL	$18,528,000	–	235,337	–	2.38%	–
SYK	New	STRYKER CORP	$18,507,000	–	219,489	–	2.38%	–
QCOM	New	QUALCOMM INC	$18,480,000	–	233,331	–	2.37%	–
CTSH	New	COGNIZANT TECH SOLUTIONS CORP.	$18,400,000	–	376,200	–	2.36%	–
LOW	New	LOWES COMPANIES INC	$18,114,000	–	377,446	–	2.33%	–
ABT	New	ABBOTT LABORATORIES	$18,030,000	–	440,843	–	2.32%	–
WMT	New	WAL-MART STORES INC	$17,166,000	–	228,669	–	2.20%	–
PDCO	New	PATTERSON COMPANIES	$17,100,000	–	432,806	–	2.20%	–
GS	New	GOLDMAN SACHS GROUP INC	$16,767,000	–	100,139	–	2.15%	–
COL	New	ROCKWELL COLLINS INC	$15,594,000	–	199,568	–	2.00%	–
YUM	New	YUM BRANDS INC	$15,435,000	–	190,085	–	1.98%	–
JPM	New	JPMORGAN CHASE & CO	$14,705,000	–	255,215	–	1.89%	–
GOOGL	New	GOOGLE INC. CLASS A	$14,279,000	–	24,423	–	1.83%	–
INTU	New	INTUIT INC.	$14,251,000	–	176,963	–	1.83%	–
ORLY	New	O REILLY AUTOMOTIVE NEW	$13,925,000	–	92,464	–	1.79%	–
MON	New	MONSANTO CO NEW DEL	$13,806,000	–	110,677	–	1.77%	–
GOOG	New	GOOGLE INC CLASS C	$13,707,000	–	23,827	–	1.76%	–
UNFI	New	UNITED NATURAL FOODS, INC.	$12,716,000	–	195,323	–	1.63%	–
VMI	New	VALMONT INDS INC.	$12,366,000	–	81,384	–	1.59%	–
PRGO	New	PERRIGO CO.	$12,222,000	–	83,849	–	1.57%	–
WFM	New	WHOLE FOODS MKT INC COM	$11,833,000	–	306,313	–	1.52%	–
DCI	New	DONALDSON COMPANY INC	$11,358,000	–	268,393	–	1.46%	–
SPY	New	SPDR TRUST SERIES I	$7,580,000	–	38,730	–	0.97%	–
CELG	New	CELGENE CORP	$7,159,000	–	83,358	–	0.92%	–
AAPL	New	APPLE COMPUTER,INC	$3,696,000	–	39,769	–	0.48%	–
MMM	New	3M COMPANY	$3,456,000	–	24,125	–	0.44%	–
IBM	New	INTL BUSINESS MACH	$3,043,000	–	16,786	–	0.39%	–
KO	New	COCA COLA CO	$2,881,000	–	68,017	–	0.37%	–
PFE	New	PFIZER INC	$2,679,000	–	90,276	–	0.34%	–
VZ	New	VERIZON COMMUNICATIONS	$2,582,000	–	52,775	–	0.33%	–
BMY	New	BRISTOL MYERS SQUIBB	$2,575,000	–	53,073	–	0.33%	–
SYY	New	SYSCO CORP COM	$2,309,000	–	61,645	–	0.30%	–
NSC	New	NORFOLK SOUTHERN CORP	$2,274,000	–	22,073	–	0.29%	–
INTC	New	INTEL CORP	$2,169,000	–	70,209	–	0.28%	–
UPS	New	UNITED PARCEL SVC INC B	$2,094,000	–	20,395	–	0.27%	–
BHRB	New	BURKE & HERBERT BANK & TRUST	$1,801,000	–	824	–	0.23%	–
WY	New	WEYERHAEUSER CO.	$1,801,000	–	54,425	–	0.23%	–
MCD	New	MCDONALDS CORP	$1,802,000	–	17,885	–	0.23%	–
USB	New	U.S. BANCORP.	$1,795,000	–	41,432	–	0.23%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC CO	$1,645,000	–	28,073	–	0.21%	–
BA	New	BOEING CO	$1,617,000	–	12,711	–	0.21%	–
DE	New	DEERE & CO.	$1,584,000	–	17,490	–	0.20%	–
WRE	New	WASHINGTON REAL ESTATE	$1,490,000	–	57,345	–	0.19%	–
BDN	New	BRANDYWINE RLTY TR SH BEN INT	$1,268,000	–	81,309	–	0.16%	–
T	New	AT&T CORP	$1,098,000	–	31,062	–	0.14%	–
FITB	New	FIFTH THIRD BANCORP.	$1,095,000	–	51,280	–	0.14%	–
BBT	New	BB&T CORP	$998,000	–	25,301	–	0.13%	–
GE	New	GENERAL ELEC CO COM	$951,000	–	36,180	–	0.12%	–
ABBV	New	ABBVIE INC	$933,000	–	16,533	–	0.12%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$917,000	–	11,564	–	0.12%	–
MRK	New	MERCK & CO INC NEW	$895,000	–	15,466	–	0.12%	–
OXY	New	OCCIDENTAL PETROLEUM CORP.	$837,000	–	8,157	–	0.11%	–
ORCL	New	ORACLE CORP COM	$836,000	–	20,635	–	0.11%	–
RDSB	New	ROYAL DUTCH SHELL PLC ADR - B	$744,000	–	8,551	–	0.10%	–
WAG	New	WALGREEN CO COM	$745,000	–	10,050	–	0.10%	–
HD	New	HOME DEPOT INC	$709,000	–	8,757	–	0.09%	–
LINEQ	New	LINN ENERGY LLC	$699,000	–	21,600	–	0.09%	–
EWJ	New	ISHARES MSCI JAPAN INDEX FUND	$662,000	–	54,975	–	0.08%	–
SRCL	New	STERICYCLE INC	$582,000	–	4,916	–	0.08%	–
BRKA	New	BERKSHIRE HATHAWAY CL. A	$570,000	–	3	–	0.07%	–
BPT	New	BP PRUDHOE BAY RTY TR UNIT BEN	$554,000	–	5,600	–	0.07%	–
WFC	New	WELLS FARGO & CO	$532,000	–	10,125	–	0.07%	–
LLY	New	LILLY ELI & CO	$522,000	–	8,390	–	0.07%	–
GLD	New	STREETTRACKS GOLD TRUST	$514,000	–	4,017	–	0.07%	–
CSCO	New	CISCO SYSTEMS INC	$495,000	–	19,902	–	0.06%	–
MAR	New	MARRIOTT INTL INC NEW CL. A	$492,000	–	7,680	–	0.06%	–
TLSYY	New	TELSTRA CORPORATION LTD FINAL	$492,000	–	20,000	–	0.06%	–
D	New	DOMINION RESOURCES INC	$472,000	–	6,594	–	0.06%	–
ILMN	New	ILLUMINA INC	$476,000	–	2,665	–	0.06%	–
DUK	New	DUKE ENERGY CORP.	$469,000	–	6,328	–	0.06%	–
RAI	New	REYNOLDS AMERICAN, INC.	$471,000	–	7,800	–	0.06%	–
KMB	New	KIMBERLY CLARK CORP	$433,000	–	3,895	–	0.06%	–
DD	New	DU PONT E I DE NEMOURS	$424,000	–	6,483	–	0.05%	–
ED	New	CONSOLIDATED EDISON INC	$404,000	–	7,000	–	0.05%	–
NZTCY	New	TELECOM CORP OF NEW ZEALAND AD	$399,000	–	34,000	–	0.05%	–
SDRL	New	SEADRILL LTD USD2	$399,000	–	10,000	–	0.05%	–
PBI	New	PITNEY BOWES, INC	$387,000	–	14,000	–	0.05%	–
FAST	New	FASTENAL CO.	$389,000	–	7,864	–	0.05%	–
VGK	New	VANGUARD MSCI EUROPE ETF	$384,000	–	6,400	–	0.05%	–
DOW	New	DOW CHEMICAL CO	$376,000	–	7,300	–	0.05%	–
RDSA	New	ROYAL DUTCH SHELL PLC ADR - A	$371,000	–	4,500	–	0.05%	–
SSW	New	SEASPAN CORP SHS ISIN	$369,000	–	15,761	–	0.05%	–
WAT	New	WATERS CORP COM	$356,000	–	3,409	–	0.05%	–
TXN	New	TEXAS INSTRUMENTS, INC	$358,000	–	7,500	–	0.05%	–
IEP	New	ICAHN ENTERPRISES LP DESPOSITA	$349,000	–	3,500	–	0.04%	–
AZO	New	AUTOZONE INC	$349,000	–	650	–	0.04%	–
BRKB	New	BERKSHIRE HATHAWAY CL. B	$345,000	–	2,725	–	0.04%	–
STZ	New	CONSTELLATION BRANDS INC. A	$331,000	–	3,760	–	0.04%	–
LMT	New	LOCKHEED MARTIN CORP	$338,000	–	2,103	–	0.04%	–
ETP	New	ENERGY TRANSFER PARTNERS LP	$330,000	–	5,700	–	0.04%	–
TJX	New	TJX COMPANIES INC	$326,000	–	6,141	–	0.04%	–
	New	BASF SE NPV	$326,000	–	2,800	–	0.04%	–
MO	New	ALTRIA GROUP INC.	$327,000	–	7,800	–	0.04%	–
NYMT	New	NEW YORK MTG TR INC COM PAR $.	$312,000	–	40,000	–	0.04%	–
LO	New	LORILLARD INC COM	$305,000	–	5,000	–	0.04%	–
COP	New	CONOCO-PHILIPS	$300,000	–	3,497	–	0.04%	–
EPD	New	ENTERPRISE PRODUCTS PPTNS LP	$300,000	–	3,830	–	0.04%	–
4945SC	New	KINDER MORGAN ENERGY PARTNERS	$300,000	–	3,654	–	0.04%	–
TEVA	New	TEVA PHARMACEUTICAL INDUSTRIES	$297,000	–	5,667	–	0.04%	–
XEC	New	CIMAREX ENERGY COMPANY	$287,000	–	2,000	–	0.04%	–
IT	New	GARTNER GROUP INC	$286,000	–	4,060	–	0.04%	–
P105PS	New	INTEGRYS ENERGY GROUP INC	$285,000	–	4,000	–	0.04%	–
MDU	New	M D U RES GROUP INC	$279,000	–	7,950	–	0.04%	–
	New	BAYER AG	$282,000	–	2,000	–	0.04%	–
NEE	New	NEXTERA ENERGY INC.	$283,000	–	2,763	–	0.04%	–
CB	New	CHUBB CORP	$278,000	–	3,020	–	0.04%	–
AMGN	New	AMGEN INC COM	$272,000	–	2,300	–	0.04%	–
UAL	New	UNITED AIRLINES	$265,000	–	6,450	–	0.03%	–
BIV	New	VANGUARD INTERM TERM BOND ETF	$254,000	–	3,000	–	0.03%	–
CMCSA	New	COMCAST CORP CL A	$257,000	–	4,786	–	0.03%	–
MKL	New	MARKEL CORP	$251,000	–	383	–	0.03%	–
PPH	New	PHARMACEUTICAL HOLDRS TR	$248,000	–	4,000	–	0.03%	–
HP	New	HELMERICH & PAYNE	$241,000	–	2,075	–	0.03%	–
AMJ	New	JPMORGAN CHASE & CO ALERIAN ML	$241,000	–	4,600	–	0.03%	–
FRT	New	FEDERAL REALTY INVST TR SH BEN	$241,000	–	1,994	–	0.03%	–
NRT	New	NORTH EUROPEAN OIL RTY TR CTF	$240,000	–	10,000	–	0.03%	–
ROST	New	ROSS STORES INC	$231,000	–	3,486	–	0.03%	–
BXP	New	BOSTON PROPERTIES INC	$231,000	–	1,955	–	0.03%	–
AVB	New	AVALON BAY CMNTYS INC	$231,000	–	1,625	–	0.03%	–
PANW	New	PALO ALTO NETWORKS	$235,000	–	2,800	–	0.03%	–
FCX	New	FREEPORT MCMORAN INC.	$218,000	–	5,960	–	0.03%	–
IVC	New	INVACARE CORP	$216,000	–	11,763	–	0.03%	–
TYG	New	TORTOISE ENERGY INFRASTRUCTURE	$216,000	–	4,359	–	0.03%	–
SAN	New	BANCO SANTANDER CHILE (NEW)	$208,000	–	20,000	–	0.03%	–
SE	New	SPECTRA ENERGY	$213,000	–	5,025	–	0.03%	–
EEP	New	ENBRIDGE ENERGY PARTNERS LP	$202,000	–	5,475	–	0.03%	–
NVS	New	NOVARTIS AG	$205,000	–	2,262	–	0.03%	–
CHKP	New	CHECK POINT SOFTWARE	$205,000	–	3,064	–	0.03%	–
SFL	New	SHIP FINANCE INTERNATIONAL COM	$204,000	–	11,000	–	0.03%	–
TEAR	New	OCCULOGIX INC COM NEW	$174,000	–	35,728	–	0.02%	–
ORAN	New	ORANGE ADR EACH REPR 1 ORD EUR	$158,000	–	10,000	–	0.02%	–
PSEC	New	PROSPECT CAPITAL CORP	$159,000	–	15,000	–	0.02%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$148,000	–	15,550	–	0.02%	–
DSWL	New	DESWELL INDUSTRIES INC	$82,000	–	40,000	–	0.01%	–
OGZPY	New	OAO GAZPROM S/ADR	$87,000	–	10,000	–	0.01%	–
TSI	New	TCW STRATEGIC INCOME FUND INC	$57,000	–	10,340	–	0.01%	–
PGLO	New	PAN GLOBAL CORP COM	$1,000	–	20,000	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
TSI	Exit	TCW STRATEGIC INCOME FUND INC	$0	–	-10,340	–	-0.01%	–
DSWL	Exit	DESWELL INDUSTRIES INC	$0	–	-40,000	–	-0.02%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-21,750	–	-0.03%	–
SAPE	Exit	SAPIENT CORPORATION	$0	–	-11,800	–	-0.03%	–
FRT	Exit	FEDERAL REALTY INVST TR SH BEN	$0	–	-1,994	–	-0.03%	–
IVC	Exit	INVACARE CORP	$0	–	-11,763	–	-0.03%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-1,955	–	-0.03%	–
AMJ	Exit	JPMORGAN CHASE & CO ALERIAN ML	$0	–	-4,600	–	-0.03%	–
CMP	Exit	COMPASS MINERALS INT	$0	–	-2,675	–	-0.03%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDUSTRIES	$0	–	-5,600	–	-0.03%	–
MDU	Exit	M D U RES GROUP INC	$0	–	-7,950	–	-0.04%	–
ANSS	Exit	ANSYS, INC.	$0	–	-2,530	–	-0.04%	–
RYN	Exit	RAYONIER INC.	$0	–	-4,005	–	-0.04%	–
DRC	Exit	DRESSER-RAND GROUP INC	$0	–	-3,760	–	-0.04%	–
COP	Exit	CONOCO-PHILIPS	$0	–	-3,461	–	-0.04%	–
	Exit	BAYER AG	$0	–	-2,000	–	-0.04%	–
PETM	Exit	PETSMART INC COM	$0	–	-3,260	–	-0.04%	–
BIV	Exit	VANGUARD INTERM TERM BOND ETF	$0	–	-3,000	–	-0.04%	–
WSH	Exit	WILLIS GROUP HOLDINGS LTD	$0	–	-5,735	–	-0.04%	–
BFB	Exit	BROWN FORMAN CORP CL B (BF/B)	$0	–	-3,750	–	-0.04%	–
CB	Exit	CHUBB CORP	$0	–	-3,020	–	-0.04%	–
	Exit	BASF SE NPV	$0	–	-2,800	–	-0.04%	–
IT	Exit	GARTNER GROUP INC	$0	–	-4,515	–	-0.04%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC ADR - A	$0	–	-4,150	–	-0.04%	–
AZO	Exit	AUTOZONE INC	$0	–	-650	–	-0.04%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-7,500	–	-0.05%	–
NEE	Exit	NEXTERA ENERGY INC.	$0	–	-3,605	–	-0.05%	–
ILMN	Exit	ILLUMINA INC	$0	–	-3,595	–	-0.05%	–
MKL	Exit	MARKEL CORP	$0	–	-564	–	-0.05%	–
4945SC	Exit	KINDER MORGAN ENERGY PARTNERS	$0	–	-3,654	–	-0.05%	–
CXW	Exit	CORRECTIONS CORP AMER NEW	$0	–	-8,740	–	-0.05%	–
TXN	Exit	TEXAS INSTRUMENTS, INC	$0	–	-7,500	–	-0.05%	–
MAR	Exit	MARRIOTT INTL INC NEW CL. A	$0	–	-7,680	–	-0.05%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,628	–	-0.05%	–
AVB	Exit	AVALON BAY CMNTYS INC	$0	–	-2,672	–	-0.05%	–
VGK	Exit	VANGUARD MSCI EUROPE ETF	$0	–	-6,400	–	-0.06%	–
SIAL	Exit	SIGMA ALDRICH CORP	$0	–	-4,200	–	-0.06%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL. B	$0	–	-3,250	–	-0.06%	–
LLY	Exit	LILLY ELI & CO	$0	–	-7,390	–	-0.06%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-3,895	–	-0.06%	–
WAT	Exit	WATERS CORP COM	$0	–	-3,604	–	-0.06%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-9,493	–	-0.06%	–
TEAR	Exit	OCCULOGIX INC COM NEW	$0	–	-35,728	–	-0.06%	–
DUK	Exit	DUKE ENERGY CORP.	$0	–	-5,962	–	-0.06%	–
SSW	Exit	SEASPAN CORP SHS ISIN	$0	–	-16,475	–	-0.06%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-7,314	–	-0.06%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-6,454	–	-0.06%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-17,302	–	-0.06%	–
DD	Exit	DU PONT E I DE NEMOURS	$0	–	-7,083	–	-0.07%	–
STZ	Exit	CONSTELLATION BRANDS INC. A	$0	–	-7,400	–	-0.07%	–
EPD	Exit	ENTERPRISE PRODUCTS PPTNS LP	$0	–	-7,100	–	-0.07%	–
AMGN	Exit	AMGEN INC COM	$0	–	-3,950	–	-0.07%	–
ORCL	Exit	ORACLE CORP COM	$0	–	-13,638	–	-0.07%	–
FAST	Exit	FASTENAL CO.	$0	–	-9,482	–	-0.08%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-8,541	–	-0.08%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL. A	$0	–	-3	–	-0.08%	–
GLD	Exit	STREETTRACKS GOLD TRUST	$0	–	-4,152	–	-0.08%	–
WAG	Exit	WALGREEN CO COM	$0	–	-10,050	–	-0.09%	–
SRCL	Exit	STERICYCLE INC	$0	–	-4,916	–	-0.09%	–
HD	Exit	HOME DEPOT INC	$0	–	-7,663	–	-0.09%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-12,636	–	-0.10%	–
EWJ	Exit	ISHARES MSCI JAPAN INDEX FUND	$0	–	-53,100	–	-0.10%	–
ABBV	Exit	ABBVIE INC	$0	–	-17,233	–	-0.12%	–
GE	Exit	GENERAL ELEC CO COM	$0	–	-32,680	–	-0.12%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-11,564	–	-0.13%	–
BBT	Exit	BB&T CORP	$0	–	-25,501	–	-0.14%	–
T	Exit	AT&T CORP	$0	–	-26,083	–	-0.14%	–
FITB	Exit	FIFTH THIRD BANCORP.	$0	–	-51,280	–	-0.15%	–
BDN	Exit	BRANDYWINE RLTY TR SH BEN INT	$0	–	-78,739	–	-0.16%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC CO	$0	–	-27,773	–	-0.20%	–
DE	Exit	DEERE & CO.	$0	–	-16,815	–	-0.22%	–
WRE	Exit	WASHINGTON REAL ESTATE	$0	–	-57,380	–	-0.23%	–
USB	Exit	U.S. BANCORP.	$0	–	-40,189	–	-0.23%	–
BA	Exit	BOEING CO	$0	–	-12,529	–	-0.24%	–
INTC	Exit	INTEL CORP	$0	–	-65,999	–	-0.24%	–
WY	Exit	WEYERHAEUSER CO.	$0	–	-53,550	–	-0.24%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-21,928	–	-0.27%	–
MCD	Exit	MCDONALDS CORP	$0	–	-18,240	–	-0.28%	–
BHRB	Exit	BURKE & HERBERT BANK & TRUST	$0	–	-824	–	-0.29%	–
UPS	Exit	UNITED PARCEL SVC INC B	$0	–	-20,290	–	-0.30%	–
SYY	Exit	SYSCO CORP COM	$0	–	-60,545	–	-0.31%	–
AAPL	Exit	APPLE COMPUTER,INC	$0	–	-4,477	–	-0.34%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-48,361	–	-0.36%	–
BMY	Exit	BRISTOL MYERS SQUIBB	$0	–	-51,137	–	-0.38%	–
PFE	Exit	PFIZER INC	$0	–	-88,544	–	-0.40%	–
KO	Exit	COCA COLA CO	$0	–	-67,178	–	-0.41%	–
MMM	Exit	3M COMPANY	$0	–	-24,630	–	-0.47%	–
IBM	Exit	INTL BUSINESS MACH	$0	–	-17,571	–	-0.52%	–
SPY	Exit	SPDR TRUST SERIES I	$0	–	-36,939	–	-0.99%	–
CELG	Exit	CELGENE CORP	$0	–	-41,996	–	-1.03%	–
CL	Exit	COLGATE PALMOLIVE CO.	$0	–	-118,860	–	-1.12%	–
DCI	Exit	DONALDSON COMPANY INC	$0	–	-258,111	–	-1.57%	–
MON	Exit	MONSANTO CO NEW DEL	$0	–	-106,120	–	-1.77%	–
INTU	Exit	INTUIT INC.	$0	–	-168,929	–	-1.79%	–
ORLY	Exit	O REILLY AUTOMOTIVE NEW	$0	–	-90,658	–	-1.84%	–
ACN	Exit	ACCENTURE PLC CL A	$0	–	-165,622	–	-1.94%	–
UNFI	Exit	UNITED NATURAL FOODS, INC.	$0	–	-186,487	–	-2.00%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-245,873	–	-2.03%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-192,988	–	-2.09%	–
YUM	Exit	YUM BRANDS INC	$0	–	-184,986	–	-2.10%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-419,596	–	-2.22%	–
SYK	Exit	STRYKER CORP	$0	–	-213,591	–	-2.30%	–
QCOM	Exit	QUALCOMM INC	$0	–	-224,498	–	-2.41%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-96,518	–	-2.43%	–
FDO	Exit	FAMILY DOLLAR STORES INC.	$0	–	-213,599	–	-2.45%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-135,481	–	-2.46%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-226,581	–	-2.50%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-218,626	–	-2.58%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-492,294	–	-2.61%	–
PDCO	Exit	PATTERSON COMPANIES	$0	–	-417,009	–	-2.67%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-144,008	–	-2.79%	–
PNC	Exit	PNC BANK CORPORATION	$0	–	-242,821	–	-2.80%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-371,302	–	-2.82%	–
NTAP	Exit	NETAPP INC	$0	–	-417,530	–	-2.84%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-225,368	–	-2.86%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-218,427	–	-3.00%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-186,353	–	-3.20%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-266,425	–	-3.21%	–
CTSH	Exit	COGNIZANT TECH SOLUTIONS CORP.	$0	–	-247,290	–	-3.24%	–
GOOGL	Exit	GOOGLE INC CLASS A	$0	–	-23,204	–	-3.24%	–
CVS	Exit	C V S CAREMARK CORP	$0	–	-376,986	–	-3.41%	–
MDT	Exit	MEDTRONIC INC	$0	–	-433,062	–	-3.68%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-262,068	–	-3.69%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-299,116	–	-4.13%	–

Q3 2013

			Value		Shares		↓ Weighting
JNJ	Sell	JOHNSON & JOHNSON	$25,930,000	+0.1%	299,116	-0.8%	4.13%	-2.2%
SLB	Sell	SCHLUMBERGER LTD	$23,156,000	+22.8%	262,068	-0.4%	3.69%	+20.0%
MDT	Sell	MEDTRONIC INC	$23,061,000	+3.2%	433,062	-0.3%	3.68%	+0.8%
CVS	Sell	C V S CAREMARK CORP	$21,394,000	-3.1%	376,986	-2.4%	3.41%	-5.4%
GOOGL	Buy	GOOGLE INC CLASS A	$20,325,000	-0.4%	23,204	+0.1%	3.24%	-2.7%
CTSH	Sell	COGNIZANT TECH SOLUTIONS CORP.	$20,307,000	+31.0%	247,290	-0.1%	3.24%	+27.9%
PG	Sell	PROCTER & GAMBLE	$20,139,000	-2.6%	266,425	-0.8%	3.21%	-4.9%
UTX	Sell	UNITED TECHNOLOGIES CORP	$20,093,000	+15.9%	186,353	-0.1%	3.20%	+13.2%
XOM	Sell	EXXON MOBIL CORPORATION	$18,793,000	-6.7%	218,427	-2.0%	3.00%	-8.9%
PEP	Buy	PEPSICO INCORPORATED	$17,917,000	-2.7%	225,368	+0.1%	2.86%	-5.0%
NTAP	Buy	NETAPP INC	$17,795,000	+13.3%	417,530	+0.4%	2.84%	+10.7%
LOW	Sell	LOWES COMPANIES INC	$17,678,000	-18.1%	371,302	-29.7%	2.82%	-20.1%
PNC	Buy	PNC BANK CORPORATION	$17,592,000	-0.1%	242,821	+0.6%	2.80%	-2.4%
CVX	Buy	CHEVRON CORPORATION	$17,497,000	+2.9%	144,008	+0.2%	2.79%	+0.4%
PDCO	Sell	PATTERSON COMPANIES	$16,758,000	+6.8%	417,009	-0.0%	2.67%	+4.3%
MSFT	Sell	MICROSOFT CORP	$16,384,000	-6.5%	492,294	-3.0%	2.61%	-8.7%
WMT	Sell	WAL-MART STORES INC	$16,170,000	-1.3%	218,626	-0.6%	2.58%	-3.6%
DHR	Buy	DANAHER CORP DEL	$15,707,000	+10.6%	226,581	+1.0%	2.50%	+8.0%
FDX	Buy	FEDEX CORPORATION	$15,460,000	+16.7%	135,481	+0.8%	2.46%	+14.0%
FDO	Buy	FAMILY DOLLAR STORES INC.	$15,383,000	+16.3%	213,599	+0.6%	2.45%	+13.6%
GS	Buy	GOLDMAN SACHS GROUP INC	$15,270,000	+4.9%	96,518	+0.3%	2.43%	+2.4%
QCOM	Buy	QUALCOMM INC	$15,113,000	+10.8%	224,498	+0.5%	2.41%	+8.2%
SYK	Buy	STRYKER CORP	$14,437,000	+5.4%	213,591	+0.8%	2.30%	+2.9%
ABT	Buy	ABBOTT LABORATORIES	$13,926,000	-3.9%	419,596	+1.0%	2.22%	-6.1%
YUM	Sell	YUM BRANDS INC	$13,206,000	+2.2%	184,986	-0.7%	2.10%	-0.1%
COL	Buy	ROCKWELL COLLINS INC	$13,096,000	+7.0%	192,988	+0.0%	2.09%	+4.6%
JPM	Sell	JPMORGAN CHASE & CO	$12,709,000	-36.8%	245,873	-35.5%	2.03%	-38.3%
UNFI	Buy	UNITED NATURAL FOODS, INC.	$12,543,000	+26.1%	186,487	+1.2%	2.00%	+23.2%
ACN	Buy	ACCENTURE PLC CL A	$12,196,000	+2.9%	165,622	+0.5%	1.94%	+0.5%
ORLY	Sell	O REILLY AUTOMOTIVE NEW	$11,567,000	+12.6%	90,658	-0.6%	1.84%	+10.0%
INTU	Buy	INTUIT INC.	$11,202,000	+10.1%	168,929	+1.4%	1.79%	+7.6%
MON	Sell	MONSANTO CO NEW DEL	$11,076,000	+5.5%	106,120	-0.1%	1.77%	+3.0%
DCI	Buy	DONALDSON COMPANY INC	$9,842,000	+7.7%	258,111	+0.7%	1.57%	+5.2%
CL	Sell	COLGATE PALMOLIVE CO.	$7,048,000	-14.7%	118,860	-17.5%	1.12%	-16.6%
CELG	Sell	CELGENE CORP	$6,473,000	+30.4%	41,996	-1.0%	1.03%	+27.4%
SPY	Buy	SPDR TRUST SERIES I	$6,206,000	+5.2%	36,939	+0.5%	0.99%	+2.8%
IBM	Sell	INTL BUSINESS MACH	$3,254,000	-16.1%	17,571	-13.4%	0.52%	-18.0%
MMM	Sell	3M COMPANY	$2,941,000	-8.4%	24,630	-16.1%	0.47%	-10.5%
KO	Sell	COCA COLA CO	$2,545,000	-11.3%	67,178	-6.0%	0.41%	-13.2%
PFE	Sell	PFIZER INC	$2,543,000	-3.3%	88,544	-5.7%	0.40%	-5.6%
BMY	Sell	BRISTOL MYERS SQUIBB	$2,367,000	-2.4%	51,137	-5.7%	0.38%	-4.8%
VZ	Sell	VERIZON COMMUNICATIONS	$2,257,000	-7.8%	48,361	-0.5%	0.36%	-9.8%
AAPL	Sell	APPLE COMPUTER,INC	$2,134,000	+10.7%	4,477	-7.9%	0.34%	+7.9%
SYY	Sell	SYSCO CORP COM	$1,927,000	-9.3%	60,545	-2.6%	0.31%	-11.5%
UPS	Sell	UNITED PARCEL SVC INC B	$1,854,000	+3.5%	20,290	-2.1%	0.30%	+1.4%
MCD	Sell	MCDONALDS CORP	$1,755,000	-3.0%	18,240	-0.2%	0.28%	-5.1%
NSC	Sell	NORFOLK SOUTHERN CORP	$1,696,000	+2.3%	21,928	-3.9%	0.27%	-0.4%
WY	Sell	WEYERHAEUSER CO.	$1,533,000	-5.0%	53,550	-5.5%	0.24%	-7.2%
INTC	Sell	INTEL CORP	$1,513,000	-11.3%	65,999	-6.3%	0.24%	-13.3%
USB	Sell	U.S. BANCORP.	$1,470,000	-2.8%	40,189	-4.0%	0.23%	-5.3%
WRE	Sell	WASHINGTON REAL ESTATE	$1,450,000	-14.2%	57,380	-8.6%	0.23%	-16.3%
DE	Buy	DEERE & CO.	$1,369,000	+0.7%	16,815	+0.4%	0.22%	-1.8%
DPS	Sell	DR PEPPER SNAPPLE GROUP INC CO	$1,245,000	-28.9%	27,773	-27.1%	0.20%	-30.8%
BDN	Sell	BRANDYWINE RLTY TR SH BEN INT	$1,038,000	-3.7%	78,739	-1.3%	0.16%	-6.2%
BBT	Sell	BB&T CORP	$861,000	-0.7%	25,501	-0.4%	0.14%	-3.5%
ADP	Buy	AUTOMATIC DATA PROCESSING INC	$837,000	+6.1%	11,564	+0.9%	0.13%	+3.1%
GE	Sell	GENERAL ELEC CO COM	$781,000	+2.8%	32,680	-0.3%	0.12%	+0.8%
ABBV	Sell	ABBVIE INC	$771,000	+2.0%	17,233	-5.7%	0.12%	0.0%
MRK	Sell	MERCK & CO INC NEW	$602,000	+0.8%	12,636	-1.7%	0.10%	-1.0%
HD	Sell	HOME DEPOT INC	$581,000	-20.3%	7,663	-18.6%	0.09%	-21.8%
SRCL	Buy	STERICYCLE INC	$567,000	+6.6%	4,916	+2.1%	0.09%	+3.4%
GLD	Sell	STREETTRACKS GOLD TRUST	$532,000	+6.6%	4,152	-1.0%	0.08%	+4.9%
FAST	Buy	FASTENAL CO.	$477,000	+11.7%	9,482	+1.6%	0.08%	+8.6%
ORCL	Sell	ORACLE CORP COM	$452,000	+6.4%	13,638	-1.5%	0.07%	+4.3%
AMGN	Sell	AMGEN INC COM	$442,000	+11.9%	3,950	-1.2%	0.07%	+9.4%
CSCO	Sell	CISCO SYSTEMS INC	$405,000	-20.7%	17,302	-17.6%	0.06%	-21.7%
D	Sell	DOMINION RESOURCES INC	$403,000	+9.8%	6,454	-0.2%	0.06%	+6.7%
ED	Buy	CONSOLIDATED EDISON INC	$403,000	+8.0%	7,314	+14.3%	0.06%	+4.9%
WFC	Sell	WELLS FARGO & CO	$392,000	-7.8%	9,493	-7.8%	0.06%	-10.1%
WAT	Buy	WATERS CORP COM	$383,000	+6.7%	3,604	+0.3%	0.06%	+3.4%
KMB	Sell	KIMBERLY CLARK CORP	$367,000	-3.7%	3,895	-0.6%	0.06%	-4.8%
SIAL	Buy	SIGMA ALDRICH CORP	$358,000	+11.2%	4,200	+5.0%	0.06%	+7.5%
CXW	Sell	CORRECTIONS CORP AMER NEW	$302,000	-1.0%	8,740	-2.9%	0.05%	-4.0%
4945SC	Sell	KINDER MORGAN ENERGY PARTNERS	$292,000	-22.8%	3,654	-17.4%	0.05%	-24.2%
MKL	Sell	MARKEL CORP	$292,000	-4.6%	564	-2.9%	0.05%	-6.0%
ILMN	Sell	ILLUMINA INC	$291,000	+5.1%	3,595	-2.8%	0.05%	+2.2%
AZO	Buy	AUTOZONE INC	$275,000	+3.8%	650	+4.0%	0.04%	+2.3%
RDSA	Sell	ROYAL DUTCH SHELL PLC ADR - A	$273,000	-11.7%	4,150	-14.2%	0.04%	-12.0%
	New	BASF SE NPV	$268,000	–	2,800	–	0.04%	–
IT	Sell	GARTNER GROUP INC	$271,000	+2.3%	4,515	-2.9%	0.04%	0.0%
PETM	Buy	PETSMART INC COM	$249,000	+14.2%	3,260	+0.2%	0.04%	+11.1%
WSH	Sell	WILLIS GROUP HOLDINGS LTD	$248,000	+3.3%	5,735	-2.7%	0.04%	+2.6%
	New	BAYER AG	$236,000	–	2,000	–	0.04%	–
DRC	Sell	DRESSER-RAND GROUP INC	$235,000	+1.3%	3,760	-3.0%	0.04%	-2.6%
ANSS	New	ANSYS, INC.	$219,000	–	2,530	–	0.04%	–
CMP	Sell	COMPASS MINERALS INT	$204,000	-12.4%	2,675	-2.9%	0.03%	-13.2%
HBAN	Sell	HUNTINGTON BANCSHARES INC	$180,000	+2.3%	21,750	-2.6%	0.03%	0.0%
SAPE	Sell	SAPIENT CORPORATION	$184,000	+15.7%	11,800	-3.0%	0.03%	+11.5%
SAI	Exit	SAIC INC COM	$0	–	-11,298	–	-0.03%	–
HME	Exit	HOME PROPERTYS INC.	$0	–	-3,100	–	-0.03%	–
UAL	Exit	UNITED AIRLINES	$0	–	-6,450	–	-0.03%	–
CMA	Exit	COMERICA	$0	–	-5,580	–	-0.04%	–
PM	Exit	PHILIP MORRIS INTL INC.	$0	–	-2,600	–	-0.04%	–
TROW	Exit	T ROWE PRICE ASSOCIATES	$0	–	-3,124	–	-0.04%	–

Q2 2013

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$25,899,000	–	301,640	–	4.23%	–
MDT	New	MEDTRONIC INC	$22,351,000	–	434,255	–	3.65%	–
CVS	New	C V S CAREMARK CORP	$22,083,000	–	386,201	–	3.60%	–
LOW	New	LOWES COMPANIES INC	$21,596,000	–	528,029	–	3.52%	–
PG	New	PROCTER & GAMBLE	$20,671,000	–	268,493	–	3.37%	–
GOOGL	New	GOOGLE INC CLASS A	$20,399,000	–	23,171	–	3.33%	–
XOM	New	EXXON MOBIL CORPORATION	$20,141,000	–	222,921	–	3.29%	–
JPM	New	JPMORGAN CHASE & CO	$20,118,000	–	381,098	–	3.28%	–
SLB	New	SCHLUMBERGER LTD	$18,854,000	–	263,097	–	3.08%	–
PEP	New	PEPSICO INCORPORATED	$18,423,000	–	225,243	–	3.01%	–
PNC	New	PNC BANK CORPORATION	$17,602,000	–	241,386	–	2.87%	–
MSFT	New	MICROSOFT CORP	$17,529,000	–	507,425	–	2.86%	–
UTX	New	UNITED TECHNOLOGIES CORP	$17,333,000	–	186,492	–	2.83%	–
CVX	New	CHEVRON CORPORATION	$17,012,000	–	143,758	–	2.78%	–
WMT	New	WAL-MART STORES INC	$16,387,000	–	219,992	–	2.68%	–
NTAP	New	NETAPP INC	$15,706,000	–	415,710	–	2.56%	–
PDCO	New	PATTERSON COMPANIES	$15,687,000	–	417,198	–	2.56%	–
CTSH	New	COGNIZANT TECH SOLUTIONS CORP.	$15,498,000	–	247,415	–	2.53%	–
GS	New	GOLDMAN SACHS GROUP INC	$14,561,000	–	96,268	–	2.38%	–
ABT	New	ABBOTT LABORATORIES	$14,485,000	–	415,286	–	2.36%	–
DHR	New	DANAHER CORP DEL	$14,201,000	–	224,351	–	2.32%	–
SYK	New	STRYKER CORP	$13,700,000	–	211,816	–	2.24%	–
QCOM	New	QUALCOMM INC	$13,645,000	–	223,356	–	2.23%	–
FDX	New	FEDEX CORPORATION	$13,245,000	–	134,353	–	2.16%	–
FDO	New	FAMILY DOLLAR STORES INC.	$13,228,000	–	212,294	–	2.16%	–
YUM	New	YUM BRANDS INC	$12,916,000	–	186,271	–	2.11%	–
COL	New	ROCKWELL COLLINS INC	$12,234,000	–	192,933	–	2.00%	–
ACN	New	ACCENTURE PLC CL A	$11,858,000	–	164,787	–	1.94%	–
MON	New	MONSANTO CO NEW DEL	$10,499,000	–	106,265	–	1.71%	–
ORLY	New	O REILLY AUTOMOTIVE NEW	$10,276,000	–	91,244	–	1.68%	–
INTU	New	INTUIT INC.	$10,173,000	–	166,659	–	1.66%	–
UNFI	New	UNITED NATURAL FOODS, INC.	$9,950,000	–	184,287	–	1.62%	–
DCI	New	DONALDSON COMPANY INC	$9,136,000	–	256,208	–	1.49%	–
CL	New	COLGATE PALMOLIVE CO.	$8,258,000	–	144,150	–	1.35%	–
SPY	New	SPDR TRUST SERIES I	$5,897,000	–	36,759	–	0.96%	–
CELG	New	CELGENE CORP	$4,964,000	–	42,431	–	0.81%	–
IBM	New	INTL BUSINESS MACH	$3,877,000	–	20,286	–	0.63%	–
MMM	New	3M COMPANY	$3,211,000	–	29,365	–	0.52%	–
KO	New	COCA COLA CO	$2,868,000	–	71,493	–	0.47%	–
PFE	New	PFIZER INC	$2,629,000	–	93,849	–	0.43%	–
VZ	New	VERIZON COMMUNICATIONS	$2,447,000	–	48,605	–	0.40%	–
BMY	New	BRISTOL MYERS SQUIBB	$2,425,000	–	54,252	–	0.40%	–
SYY	New	SYSCO CORP COM	$2,124,000	–	62,175	–	0.35%	–
AAPL	New	APPLE COMPUTER,INC	$1,928,000	–	4,862	–	0.32%	–
MCD	New	MCDONALDS CORP	$1,810,000	–	18,281	–	0.30%	–
UPS	New	UNITED PARCEL SVC INC B	$1,792,000	–	20,725	–	0.29%	–
BHRB	New	BURKE & HERBERT BANK & TRUST	$1,788,000	–	824	–	0.29%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC CO	$1,751,000	–	38,123	–	0.29%	–
INTC	New	INTEL CORP	$1,706,000	–	70,410	–	0.28%	–
WRE	New	WASHINGTON REAL ESTATE	$1,689,000	–	62,770	–	0.28%	–
NSC	New	NORFOLK SOUTHERN CORP	$1,658,000	–	22,817	–	0.27%	–
WY	New	WEYERHAEUSER CO.	$1,614,000	–	56,665	–	0.26%	–
USB	New	U.S. BANCORP.	$1,513,000	–	41,864	–	0.25%	–
DE	New	DEERE & CO.	$1,360,000	–	16,740	–	0.22%	–
BA	New	BOEING CO	$1,284,000	–	12,529	–	0.21%	–
BDN	New	BRANDYWINE RLTY TR SH BEN INT	$1,078,000	–	79,759	–	0.18%	–
FITB	New	FIFTH THIRD BANCORP.	$926,000	–	51,280	–	0.15%	–
T	New	AT&T CORP	$923,000	–	26,083	–	0.15%	–
BBT	New	BB&T CORP	$867,000	–	25,601	–	0.14%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$789,000	–	11,464	–	0.13%	–
GE	New	GENERAL ELEC CO COM	$760,000	–	32,779	–	0.12%	–
ABBV	New	ABBVIE INC	$756,000	–	18,283	–	0.12%	–
HD	New	HOME DEPOT INC	$729,000	–	9,416	–	0.12%	–
MRK	New	MERCK & CO INC NEW	$597,000	–	12,861	–	0.10%	–
EWJ	New	ISHARES MSCI JAPAN INDEX FUND	$596,000	–	53,100	–	0.10%	–
SRCL	New	STERICYCLE INC	$532,000	–	4,816	–	0.09%	–
BRKA	New	BERKSHIRE HATHAWAY CL. A	$506,000	–	3	–	0.08%	–
CSCO	New	CISCO SYSTEMS INC	$511,000	–	21,002	–	0.08%	–
GLD	New	STREETTRACKS GOLD TRUST	$499,000	–	4,192	–	0.08%	–
WAG	New	WALGREEN CO COM	$444,000	–	10,050	–	0.07%	–
EPD	New	ENTERPRISE PRODUCTS PPTNS LP	$441,000	–	7,100	–	0.07%	–
FAST	New	FASTENAL CO.	$427,000	–	9,332	–	0.07%	–
TJX	New	TJX COMPANIES INC	$428,000	–	8,541	–	0.07%	–
WFC	New	WELLS FARGO & CO	$425,000	–	10,293	–	0.07%	–
ORCL	New	ORACLE CORP COM	$425,000	–	13,841	–	0.07%	–
DUK	New	DUKE ENERGY CORP.	$402,000	–	5,962	–	0.07%	–
AMGN	New	AMGEN INC COM	$395,000	–	4,000	–	0.06%	–
STZ	New	CONSTELLATION BRANDS INC. A	$386,000	–	7,400	–	0.06%	–
TEAR	New	OCCULOGIX INC COM NEW	$379,000	–	35,728	–	0.06%	–
KMB	New	KIMBERLY CLARK CORP	$381,000	–	3,920	–	0.06%	–
4945SC	New	KINDER MORGAN ENERGY PARTNERS	$378,000	–	4,425	–	0.06%	–
ED	New	CONSOLIDATED EDISON INC	$373,000	–	6,400	–	0.06%	–
DD	New	DU PONT E I DE NEMOURS	$372,000	–	7,083	–	0.06%	–
D	New	DOMINION RESOURCES INC	$367,000	–	6,464	–	0.06%	–
LLY	New	LILLY ELI & CO	$363,000	–	7,390	–	0.06%	–
AVB	New	AVALON BAY CMNTYS INC	$360,000	–	2,672	–	0.06%	–
BRKB	New	BERKSHIRE HATHAWAY CL. B	$364,000	–	3,250	–	0.06%	–
WAT	New	WATERS CORP COM	$359,000	–	3,593	–	0.06%	–
SSW	New	SEASPAN CORP SHS ISIN	$342,000	–	16,475	–	0.06%	–
SIAL	New	SIGMA ALDRICH CORP	$322,000	–	4,000	–	0.05%	–
MAR	New	MARRIOTT INTL INC NEW CL. A	$310,000	–	7,680	–	0.05%	–
CXW	New	CORRECTIONS CORP AMER NEW	$305,000	–	9,004	–	0.05%	–
MKL	New	MARKEL CORP	$306,000	–	581	–	0.05%	–
RDSA	New	ROYAL DUTCH SHELL PLC ADR - A	$309,000	–	4,838	–	0.05%	–
VGK	New	VANGUARD MSCI EUROPE ETF	$308,000	–	6,400	–	0.05%	–
NEE	New	NEXTERA ENERGY INC.	$294,000	–	3,605	–	0.05%	–
LMT	New	LOCKHEED MARTIN CORP	$285,000	–	2,628	–	0.05%	–
ILMN	New	ILLUMINA INC	$277,000	–	3,700	–	0.04%	–
IT	New	GARTNER GROUP INC	$265,000	–	4,650	–	0.04%	–
TXN	New	TEXAS INSTRUMENTS, INC	$261,000	–	7,500	–	0.04%	–
AZO	New	AUTOZONE INC	$265,000	–	625	–	0.04%	–
CB	New	CHUBB CORP	$256,000	–	3,020	–	0.04%	–
BFB	New	BROWN FORMAN CORP CL B (BF/B)	$253,000	–	3,750	–	0.04%	–
BIV	New	VANGUARD INTERM TERM BOND ETF	$250,000	–	3,000	–	0.04%	–
DOW	New	DOW CHEMICAL CO	$241,000	–	7,500	–	0.04%	–
WSH	New	WILLIS GROUP HOLDINGS LTD	$240,000	–	5,895	–	0.04%	–
DRC	New	DRESSER-RAND GROUP INC	$232,000	–	3,875	–	0.04%	–
CMP	New	COMPASS MINERALS INT	$233,000	–	2,755	–	0.04%	–
TROW	New	T ROWE PRICE ASSOCIATES	$229,000	–	3,124	–	0.04%	–
PM	New	PHILIP MORRIS INTL INC.	$225,000	–	2,600	–	0.04%	–
CMA	New	COMERICA	$222,000	–	5,580	–	0.04%	–
PETM	New	PETSMART INC COM	$218,000	–	3,255	–	0.04%	–
TEVA	New	TEVA PHARMACEUTICAL INDUSTRIES	$220,000	–	5,600	–	0.04%	–
RYN	New	RAYONIER INC.	$222,000	–	4,005	–	0.04%	–
AMJ	New	JPMORGAN CHASE & CO ALERIAN ML	$215,000	–	4,600	–	0.04%	–
FRT	New	FEDERAL REALTY INVST TR SH BEN	$207,000	–	1,994	–	0.03%	–
BXP	New	BOSTON PROPERTIES INC	$206,000	–	1,955	–	0.03%	–
MDU	New	M D U RES GROUP INC	$206,000	–	7,950	–	0.03%	–
COP	New	CONOCO-PHILIPS	$209,000	–	3,461	–	0.03%	–
HME	New	HOME PROPERTYS INC.	$203,000	–	3,100	–	0.03%	–
UAL	New	UNITED AIRLINES	$202,000	–	6,450	–	0.03%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$176,000	–	22,325	–	0.03%	–
IVC	New	INVACARE CORP	$169,000	–	11,763	–	0.03%	–
SAPE	New	SAPIENT CORPORATION	$159,000	–	12,160	–	0.03%	–
SAI	New	SAIC INC COM	$157,000	–	11,298	–	0.03%	–
DSWL	New	DESWELL INDUSTRIES INC	$100,000	–	40,000	–	0.02%	–
TSI	New	TCW STRATEGIC INCOME FUND INC	$57,000	–	10,340	–	0.01%	–

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