PUZO MICHAEL J Activity Q4 2000-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE	$15,171,432	-14.5%	88,613	-3.2%	5.15%	-8.4%
GOOGL	Sell	ALPHABET INC CL A	$12,959,590	+5.8%	99,034	-3.2%	4.40%	+13.4%
MA	Sell	MASTERCARD	$12,229,265	-2.0%	30,889	-2.7%	4.15%	+5.0%
MSFT	Sell	MICROSOFT	$12,167,426	-8.0%	38,535	-0.8%	4.13%	-1.5%
ADP	Sell	AUTOMATIC DATA PROCESSING	$11,530,517	+7.5%	47,928	-1.8%	3.91%	+15.2%
PG	Sell	PROCTER & GAMBLE	$11,222,759	-4.2%	76,942	-0.4%	3.81%	+2.6%
JNJ	Buy	JOHNSON & JOHNSON	$10,773,070	-5.9%	69,169	+0.0%	3.65%	+0.9%
CNI	Sell	CANADIAN NATL RAILWAY	$10,254,301	-10.8%	94,658	-0.3%	3.48%	-4.4%
DHR	Buy	DANAHER CORP	$9,950,298	+3.8%	40,106	+0.4%	3.38%	+11.2%
ADI	Buy	ANALOG DEVICES	$9,626,798	-10.0%	54,982	+0.1%	3.26%	-3.6%
NSRGY	Buy	NESTLE SA ADR	$9,406,465	-5.0%	83,118	+1.0%	3.19%	+1.8%
ATR	Buy	APTARGROUP	$9,269,840	+8.2%	74,135	+0.2%	3.14%	+15.9%
FISV	Buy	FISERV	$9,079,048	-10.1%	80,374	+0.4%	3.08%	-3.7%
ABT	Buy	ABBOTT LABS	$8,765,409	-9.2%	90,505	+2.2%	2.97%	-2.7%
AMD	Sell	ADVANCED MICRO DEVICES	$8,681,812	-11.5%	84,437	-1.9%	2.94%	-5.2%
ROK	Buy	ROCKWELL AUTOMATION	$8,647,854	-12.5%	30,251	+0.9%	2.93%	-6.2%
NVS	Sell	NOVARTIS AG ADR	$7,727,100	-4.3%	75,860	-5.2%	2.62%	+2.6%
CVX	Buy	CHEVRON	$7,598,185	+10.6%	45,061	+3.2%	2.58%	+18.5%
BRKA	Sell	BERKSHIRE HATHAWAY CL A	$7,440,678	-4.2%	14	-6.7%	2.52%	+2.6%
NVDA	Sell	NVIDIA CORP	$7,125,136	+2.1%	16,380	-0.8%	2.42%	+9.4%
TJX	Buy	TJX COS	$6,841,983	+5.0%	76,980	+0.1%	2.32%	+12.5%
HD	Buy	HOME DEPOT	$6,577,420	+2.2%	21,768	+5.0%	2.23%	+9.5%
AMZN	Buy	AMAZON.COM	$6,526,340	+8.0%	51,340	+10.7%	2.21%	+15.7%
UNH	Buy	UNITED HEALTH GROUP	$6,448,590	+13.9%	12,790	+8.6%	2.19%	+22.0%
RTX	Sell	RTX CORPORATION	$6,201,870	-26.6%	86,173	-0.1%	2.10%	-21.3%
XYL	Buy	XYLEM INC	$5,545,457	-15.9%	60,919	+4.0%	1.88%	-9.9%
BDX	Sell	BECTON DICKINSON	$5,234,457	-2.6%	20,247	-0.5%	1.78%	+4.4%
XOM	Sell	EXXON MOBIL	$4,279,441	+7.8%	36,396	-1.7%	1.45%	+15.5%
NKE	Buy	NIKE INC CLASS B	$3,867,636	-7.3%	40,448	+7.0%	1.31%	-0.7%
MDT	Buy	MEDTRONIC	$3,693,813	-10.4%	47,139	+0.8%	1.25%	-4.0%
CVS	Sell	CVS HEALTH	$3,484,506	-21.7%	49,907	-22.5%	1.18%	-16.1%
PEP	Sell	PEPSICO	$3,074,489	-11.8%	18,145	-3.6%	1.04%	-5.4%
MRK	Sell	MERCK	$2,299,388	-12.9%	22,335	-2.4%	0.78%	-6.7%
RHHBY	Sell	ROCHE HLDG LTD ADR	$2,095,245	-20.9%	61,752	-11.0%	0.71%	-15.3%
SBGSY	New	SCHNEIDER ELEC SA ADR	$1,791,951	–	54,318	–	0.61%	–
ABBV	Sell	ABBVIE	$1,658,144	+4.2%	11,124	-5.8%	0.56%	+11.5%
ILMN	Sell	ILLUMINA	$1,586,682	-27.2%	11,558	-0.6%	0.54%	-22.0%
HON	Sell	HONEYWELL INTL	$1,506,924	-58.1%	8,157	-52.9%	0.51%	-55.1%
APTV	Buy	APTIV PLC	$1,308,289	+12.4%	13,270	+16.4%	0.44%	+20.7%
INTC	Sell	INTEL	$1,206,210	-8.9%	33,930	-14.3%	0.41%	-2.4%
EMR	Sell	EMERSON ELECTRIC	$1,146,479	-4.3%	11,872	-10.4%	0.39%	+2.6%
BRKB	Sell	BERKSHIRE HATHAWAY CL B	$1,119,208	-10.4%	3,195	-12.8%	0.38%	-4.0%
EW	Buy	EDWARDS LIFESCIENCES	$1,050,770	-23.3%	15,167	+4.4%	0.36%	-18.0%
DIS	Sell	DISNEY	$951,122	-67.6%	11,735	-64.3%	0.32%	-65.2%
CAT	Sell	CATERPILLAR	$928,200	-3.9%	3,400	-13.4%	0.32%	+2.9%
V	Sell	VISA	$822,285	-5.8%	3,575	-2.7%	0.28%	+1.1%
LLY	Sell	ELI LILLY & CO	$792,266	-11.1%	1,475	-22.4%	0.27%	-4.6%
DE	Sell	DEERE & CO	$720,796	-16.3%	1,910	-10.1%	0.24%	-10.6%
NVO	Buy	NOVO NORDISK A S ADR	$672,956	-5.5%	7,400	+68.2%	0.23%	+1.3%
UNP	Sell	UNION PACIFIC	$647,543	-7.7%	3,180	-7.3%	0.22%	-0.9%
PFE	Sell	PFIZER	$531,549	-12.6%	16,025	-3.3%	0.18%	-6.2%
CL	Sell	COLGATE-PALMOLIVE	$512,347	-25.1%	7,205	-18.8%	0.17%	-19.4%
BMY	Sell	BRISTOL-MYERS SQUIBB	$473,026	-10.3%	8,150	-1.2%	0.16%	-4.2%
ASML	Sell	ASML HOLDING NV	$414,618	-23.3%	700	-6.7%	0.14%	-17.5%
SYY	Sell	SYSCO	$397,951	-19.4%	6,025	-9.4%	0.14%	-13.5%
	Sell	NOVOZYMES A S DKK 2.0	$385,859	-36.7%	9,585	-26.9%	0.13%	-32.1%
DOV	Sell	DOVER CORP	$387,140	-11.9%	2,775	-6.7%	0.13%	-5.8%
OZK	Sell	BANK OZK	$374,407	-29.0%	10,100	-23.1%	0.13%	-24.0%
TXN	Sell	TEXAS INSTRUMENTS	$286,218	-20.5%	1,800	-10.0%	0.10%	-14.9%
PYPL	Sell	PAYPAL HOLDINGS	$282,070	-75.2%	4,825	-71.7%	0.10%	-73.4%
PAYX	Sell	PAYCHEX	$278,522	-8.3%	2,415	-11.0%	0.09%	-2.1%
KO	Sell	COCA COLA	$226,719	-7.6%	4,050	-0.6%	0.08%	-1.3%
CSCO	Sell	CISCO SYS INC	$226,867	+2.4%	4,220	-1.4%	0.08%	+10.0%
GILD	Exit	GILEAD SCIENCES	$0	–	-2,600	–	-0.06%	–
EOG	Exit	EOG RESOURCES	$0	–	-1,765	–	-0.06%	–
IDXX	Exit	IDEXX CORP	$0	–	-550	–	-0.09%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-5,475	–	-0.09%	–
	Exit	ORSTED A S	$0	–	-5,890	–	-0.18%	–

Q2 2023

			Value		Shares		↓ Weighting
AAPL	New	APPLE	$17,754,268	–	91,531	–	5.62%	–
MSFT	New	MICROSOFT	$13,230,659	–	38,852	–	4.19%	–
MA	New	MASTERCARD	$12,480,195	–	31,732	–	3.95%	–
GOOGL	New	ALPHABET INC CL A	$12,243,634	–	102,286	–	3.88%	–
PG	New	PROCTER & GAMBLE	$11,716,755	–	77,216	–	3.71%	–
CNI	New	CANADIAN NATL RAILWAY	$11,493,053	–	94,929	–	3.64%	–
JNJ	New	JOHNSON & JOHNSON	$11,443,723	–	69,138	–	3.62%	–
ADP	New	AUTOMATIC DATA PROCESSING	$10,723,334	–	48,789	–	3.40%	–
ADI	New	ANALOG DEVICES	$10,699,549	–	54,923	–	3.39%	–
FISV	New	FISERV	$10,101,336	–	80,074	–	3.20%	–
NSRGY	New	NESTLE SA ADR	$9,903,240	–	82,287	–	3.14%	–
ROK	New	ROCKWELL AUTOMATION	$9,881,853	–	29,995	–	3.13%	–
AMD	New	ADVANCED MICRO DEVICES	$9,808,334	–	86,106	–	3.10%	–
ABT	New	ABBOTT LABS	$9,653,503	–	88,548	–	3.06%	–
DHR	New	DANAHER CORP	$9,582,960	–	39,929	–	3.03%	–
ATR	New	APTARGROUP	$8,569,005	–	73,960	–	2.71%	–
RTX	New	RAYTHEON TECHNOLOGIES	$8,445,916	–	86,218	–	2.67%	–
NVS	New	NOVARTIS AG ADR	$8,071,287	–	79,985	–	2.56%	–
BRKA	New	BERKSHIRE HATHAWAY CL A	$7,767,150	–	15	–	2.46%	–
NVDA	New	NVIDIA CORP	$6,981,522	–	16,504	–	2.21%	–
CVX	New	CHEVRON	$6,869,113	–	43,655	–	2.17%	–
XYL	New	XYLEM INC	$6,597,053	–	58,578	–	2.09%	–
TJX	New	TJX COS	$6,517,807	–	76,870	–	2.06%	–
HD	New	HOME DEPOT	$6,438,015	–	20,725	–	2.04%	–
AMZN	New	AMAZON.COM	$6,043,880	–	46,363	–	1.91%	–
UNH	New	UNITED HEALTH GROUP	$5,660,017	–	11,776	–	1.79%	–
BDX	New	BECTON DICKINSON	$5,373,396	–	20,353	–	1.70%	–
CVS	New	CVS HEALTH	$4,450,660	–	64,381	–	1.41%	–
NKE	New	NIKE INC CLASS B	$4,172,759	–	37,807	–	1.32%	–
MDT	New	MEDTRONIC	$4,121,670	–	46,784	–	1.30%	–
XOM	New	EXXON MOBIL	$3,970,502	–	37,021	–	1.26%	–
HON	New	HONEYWELL INTL	$3,594,729	–	17,324	–	1.14%	–
PEP	New	PEPSICO	$3,485,840	–	18,820	–	1.10%	–
DIS	New	DISNEY	$2,932,669	–	32,848	–	0.93%	–
RHHBY	New	ROCHE HLDG LTD ADR	$2,649,208	–	69,351	–	0.84%	–
MRK	New	MERCK	$2,639,546	–	22,875	–	0.84%	–
ILMN	New	ILLUMINA	$2,180,509	–	11,630	–	0.69%	–
MKC	New	MCCORMICK & CO	$1,687,900	–	19,350	–	0.53%	–
	New	MUNICH RE GROUP	$1,673,411	–	4,486	–	0.53%	–
ABBV	New	ABBVIE	$1,591,026	–	11,809	–	0.50%	–
EW	New	EDWARDS LIFESCIENCES	$1,369,860	–	14,522	–	0.43%	–
INTC	New	INTEL	$1,324,224	–	39,600	–	0.42%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$1,249,765	–	3,665	–	0.40%	–
EMR	New	EMERSON ELECTRIC	$1,197,396	–	13,247	–	0.38%	–
APTV	New	APTIV PLC	$1,163,826	–	11,400	–	0.37%	–
PYPL	New	PAYPAL HOLDINGS	$1,139,214	–	17,072	–	0.36%	–
CAT	New	CATERPILLAR	$965,746	–	3,925	–	0.31%	–
LLY	New	ELI LILLY & CO	$891,062	–	1,900	–	0.28%	–
V	New	VISA	$872,739	–	3,675	–	0.28%	–
DE	New	DEERE & CO	$861,029	–	2,125	–	0.27%	–
	New	SHEL PLC	$860,415	–	14,250	–	0.27%	–
NVO	New	NOVO NORDISK A S ADR	$712,052	–	4,400	–	0.22%	–
UNP	New	UNION PACIFIC	$701,847	–	3,430	–	0.22%	–
CL	New	COLGATE-PALMOLIVE	$683,730	–	8,875	–	0.22%	–
	New	NOVOZYMES A S DKK 2.0	$609,360	–	13,120	–	0.19%	–
PFE	New	PFIZER	$607,971	–	16,575	–	0.19%	–
	New	ORSTED A S	$554,869	–	5,890	–	0.18%	–
ASML	New	ASML HOLDING NV	$540,313	–	750	–	0.17%	–
BMY	New	BRISTOL-MYERS SQUIBB	$527,587	–	8,250	–	0.17%	–
OZK	New	BANK OZK	$527,502	–	13,135	–	0.17%	–
SYY	New	SYSCO	$493,430	–	6,650	–	0.16%	–
DOV	New	DOVER CORP	$439,259	–	2,975	–	0.14%	–
ECL	New	ECOLAB INC	$415,385	–	2,225	–	0.13%	–
TXN	New	TEXAS INSTRUMENTS	$360,040	–	2,000	–	0.11%	–
BMO	New	BANK OF MONTREAL	$316,085	–	3,500	–	0.10%	–
PAYX	New	PAYCHEX	$303,727	–	2,715	–	0.10%	–
NUE	New	NUCOR CORP	$295,164	–	1,800	–	0.09%	–
UL	New	UNILEVER PLC NEW ADR	$285,411	–	5,475	–	0.09%	–
AXP	New	AMERICAN EXPRESS	$278,720	–	1,600	–	0.09%	–
IDXX	New	IDEXX CORP	$276,226	–	550	–	0.09%	–
	New	FIDELITY 500 INDEX FUND FUNDequity mutual fu	$254,460	–	1,642	–	0.08%	–
KO	New	COCA COLA	$245,396	–	4,075	–	0.08%	–
	New	FIDELITY NASDAQ COMPOSITE INDEequity mutual fu	$227,366	–	1,303	–	0.07%	–
GOOG	New	ALPHABET INC CL C	$225,004	–	1,860	–	0.07%	–
CSCO	New	CISCO SYS INC	$221,551	–	4,282	–	0.07%	–
WFC	New	WELLS FARGO	$213,400	–	5,000	–	0.07%	–
EOG	New	EOG RESOURCES	$201,987	–	1,765	–	0.06%	–
GILD	New	GILEAD SCIENCES	$200,382	–	2,600	–	0.06%	–
ESBA	New	EMPIRE STATE REALTY OP LP	$85,995	–	11,700	–	0.03%	–

Q4 2022

			Value		Shares		↓ Weighting
ESBA	Exit	EMPIRE STATE REALTY OP LP	$0	–	-23,800	–	-0.06%	–
WFC	Exit	WELLS FARGO	$0	–	-5,000	–	-0.08%	–
	Exit	FIDELITY 500 INDEX FUND FUNDequity mutual fu	$0	–	-1,642	–	-0.08%	–
IDXX	Exit	IDEXX CORP	$0	–	-650	–	-0.08%	–
AXP	Exit	AMERICAN EXPRESS	$0	–	-1,600	–	-0.08%	–
EOG	Exit	EOG RESOURCES	$0	–	-2,065	–	-0.09%	–
KO	Exit	COCA COLA	$0	–	-4,125	–	-0.09%	–
BMO	Exit	BANK OF MONTREAL	$0	–	-3,500	–	-0.12%	–
ECL	Exit	ECOLAB INC	$0	–	-2,225	–	-0.12%	–
PAYX	Exit	PAYCHEX	$0	–	-3,000	–	-0.13%	–
	Exit	ORSTED A S	$0	–	-4,250	–	-0.13%	–
DOV	Exit	DOVER CORP	$0	–	-2,975	–	-0.13%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-2,400	–	-0.14%	–
SYY	Exit	SYSCO	$0	–	-5,900	–	-0.16%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-7,140	–	-0.19%	–
NVO	Exit	NOVO NORDISK A S ADR	$0	–	-5,100	–	-0.19%	–
PFE	Exit	PFIZER	$0	–	-13,350	–	-0.22%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-9,060	–	-0.24%	–
CAT	Exit	CATERPILLAR	$0	–	-4,025	–	-0.25%	–
V	Exit	VISA	$0	–	-3,725	–	-0.25%	–
UNP	Exit	UNION PACIFIC	$0	–	-3,600	–	-0.27%	–
	Exit	SHEL PLC	$0	–	-14,250	–	-0.27%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-16,339	–	-0.27%	–
OZK	Exit	BANK OZK	$0	–	-19,175	–	-0.29%	–
DE	Exit	DEERE & CO	$0	–	-2,425	–	-0.31%	–
LLY	Exit	ELI LILLY & CO	$0	–	-2,550	–	-0.31%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL B	$0	–	-3,290	–	-0.33%	–
APTV	Exit	APTIV PLC	$0	–	-12,040	–	-0.36%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-18,945	–	-0.36%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-14,642	–	-0.41%	–
	Exit	MUNICH RE GROUP	$0	–	-4,486	–	-0.41%	–
MKC	Exit	MCCORMICK & CO	$0	–	-19,350	–	-0.52%	–
NVDA	Exit	NVIDIA CORP	$0	–	-12,589	–	-0.58%	–
EW	Exit	EDWARDS LIFESCIENCES	$0	–	-19,960	–	-0.63%	–
INTC	Exit	INTEL CORP	$0	–	-64,340	–	-0.63%	–
ABBV	Exit	ABBVIE	$0	–	-12,448	–	-0.64%	–
MRK	Exit	MERCK	$0	–	-23,350	–	-0.76%	–
RDSMY	Exit	KONINKLIJKE DSM NV	$0	–	-78,980	–	-0.85%	–
ILMN	Exit	ILLUMINA	$0	–	-12,043	–	-0.87%	–
PYPL	Exit	PAYPAL HOLDINGS	$0	–	-27,897	–	-0.91%	–
MDT	Exit	MEDTRONIC	$0	–	-34,532	–	-1.06%	–
HON	Exit	HONEYWELL INTL	$0	–	-17,094	–	-1.08%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-35,377	–	-1.12%	–
PEP	Exit	PEPSICO	$0	–	-18,540	–	-1.15%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-78,421	–	-1.21%	–
XOM	Exit	EXXON MOBIL	$0	–	-40,710	–	-1.35%	–
BDX	Exit	BECTON DICKINSON	$0	–	-16,918	–	-1.43%	–
DIS	Exit	DISNEY	$0	–	-47,241	–	-1.69%	–
XYL	Exit	XYLEM INC	$0	–	-51,576	–	-1.71%	–
AMZN	Exit	AMAZON.COM	$0	–	-40,830	–	-1.75%	–
TJX	Exit	TJX COS	$0	–	-75,362	–	-1.78%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-86,007	–	-2.07%	–
UNH	Exit	UNITED HEALTH GROUP	$0	–	-11,464	–	-2.20%	–
HD	Exit	HOME DEPOT	$0	–	-21,076	–	-2.21%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-77,724	–	-2.25%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-27,807	–	-2.27%	–
CVS	Exit	CVS HEALTH	$0	–	-63,088	–	-2.29%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL A	$0	–	-15	–	-2.32%	–
CVX	Exit	CHEVRON	$0	–	-45,175	–	-2.47%	–
ATR	Exit	APTARGROUP	$0	–	-72,686	–	-2.62%	–
RTX	Exit	RAYTHEON TECHNOLOGIES	$0	–	-84,984	–	-2.64%	–
FISV	Exit	FISERV	$0	–	-79,427	–	-2.82%	–
ADI	Exit	ANALOG DEVICES	$0	–	-57,098	–	-3.02%	–
ABT	Exit	ABBOTT LABS	$0	–	-86,005	–	-3.16%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-81,336	–	-3.33%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-38,889	–	-3.44%	–
MA	Exit	MASTERCARD	$0	–	-32,787	–	-3.54%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-75,608	–	-3.63%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-103,940	–	-3.78%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-94,993	–	-3.90%	–
DHR	Exit	DANAHER CORP	$0	–	-39,826	–	-3.91%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-67,596	–	-4.20%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-52,355	–	-4.50%	–
AAPL	Exit	APPLE INC	$0	–	-99,801	–	-5.24%	–

Q3 2022

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$13,794,000	-4.9%	99,801	-5.9%	5.24%	+1.8%
ADP	Sell	AUTOMATIC DATA PROCESSING	$11,842,000	+4.1%	52,355	-3.4%	4.50%	+11.4%
JNJ	Sell	JOHNSON & JOHNSON	$11,043,000	-8.1%	67,596	-0.2%	4.20%	-1.7%
DHR	Sell	DANAHER CORP	$10,287,000	+0.6%	39,826	-1.2%	3.91%	+7.7%
CNI	Sell	CANADIAN NATL RAILWAY	$10,258,000	-5.2%	94,993	-1.2%	3.90%	+1.5%
GOOGL	Buy	ALPHABET INC CL A	$9,942,000	-13.2%	103,940	+1877.9%	3.78%	-7.1%
PG	Sell	PROCTER & GAMBLE	$9,546,000	-12.9%	75,608	-0.8%	3.63%	-6.8%
MA	Sell	MASTERCARD	$9,324,000	-10.7%	32,787	-0.9%	3.54%	-4.4%
MSFT	Buy	MICROSOFT CORP	$9,057,000	-9.0%	38,889	+0.3%	3.44%	-2.6%
NSRGY	Sell	NESTLE SA ADR	$8,754,000	-8.6%	81,336	-1.1%	3.33%	-2.1%
ABT	Buy	ABBOTT LABS	$8,323,000	-10.8%	86,005	+0.2%	3.16%	-4.5%
ADI	Sell	ANALOG DEVICES	$7,956,000	-5.3%	57,098	-0.8%	3.02%	+1.3%
FISV	Sell	FISERV	$7,431,000	+4.6%	79,427	-0.5%	2.82%	+12.0%
RTX	Sell	RAYTHEON TECHNOLOGIES	$6,956,000	-15.0%	84,984	-0.2%	2.64%	-9.0%
ATR	Buy	APTARGROUP	$6,907,000	-7.7%	72,686	+0.3%	2.62%	-1.2%
CVX	Sell	CHEVRON	$6,491,000	-1.1%	45,175	-0.4%	2.47%	+5.8%
BRKA	Sell	BERKSHIRE HATHAWAY CL A	$6,097,000	-6.8%	15	-6.2%	2.32%	-0.3%
CVS	Buy	CVS HEALTH	$6,016,000	+3.3%	63,088	+0.3%	2.29%	+10.5%
ROK	Buy	ROCKWELL AUTOMATION	$5,981,000	+8.2%	27,807	+0.2%	2.27%	+15.7%
NVS	Sell	NOVARTIS AG ADR	$5,908,000	-17.3%	77,724	-8.0%	2.25%	-11.4%
HD	Buy	HOME DEPOT	$5,816,000	+1.6%	21,076	+1.0%	2.21%	+8.8%
UNH	Buy	UNITED HEALTH GROUP	$5,789,000	-1.3%	11,464	+0.3%	2.20%	+5.6%
AMD	Buy	ADVANCED MICRO DEVICES INC	$5,449,000	-16.9%	86,007	+0.3%	2.07%	-11.0%
TJX	Buy	TJX COS	$4,683,000	+12.3%	75,362	+1.0%	1.78%	+20.3%
AMZN	Buy	AMAZON.COM	$4,614,000	+8.5%	40,830	+2.0%	1.75%	+16.2%
XYL	Buy	XYLEM INC	$4,506,000	+15.7%	51,576	+3.5%	1.71%	+23.9%
DIS	Buy	DISNEY	$4,457,000	+1.5%	47,241	+1.5%	1.69%	+8.6%
BDX	Sell	BECTON DICKINSON	$3,769,000	-19.4%	16,918	-10.9%	1.43%	-13.7%
XOM	Sell	EXXON MOBIL	$3,554,000	+1.9%	40,710	-0.1%	1.35%	+9.0%
RHHBY	Sell	ROCHE HLDG LTD ADR	$3,186,000	-2.7%	78,421	-0.1%	1.21%	+4.2%
PEP	Sell	PEPSICO	$3,027,000	-4.8%	18,540	-2.7%	1.15%	+2.0%
NKE	Buy	NIKE INC CLASS B	$2,942,000	-14.9%	35,377	+4.6%	1.12%	-8.9%
HON	Sell	HONEYWELL INTL	$2,855,000	-4.2%	17,094	-0.3%	1.08%	+2.6%
MDT	Buy	MEDTRONIC	$2,790,000	+12.1%	34,532	+24.5%	1.06%	+19.9%
PYPL	Sell	PAYPAL HOLDINGS	$2,401,000	+20.7%	27,897	-2.1%	0.91%	+29.1%
ILMN	Buy	ILLUMINA	$2,297,000	+7.8%	12,043	+4.2%	0.87%	+15.5%
RDSMY	Sell	KONINKLIJKE DSM NV	$2,243,000	-43.8%	78,980	-28.8%	0.85%	-39.8%
ABBV	Sell	ABBVIE	$1,670,000	-14.2%	12,448	-2.0%	0.64%	-8.1%
INTC	Sell	INTEL CORP	$1,658,000	-44.1%	64,340	-18.9%	0.63%	-40.2%
EW	Buy	EDWARDS LIFESCIENCES	$1,649,000	+20.3%	19,960	+38.5%	0.63%	+28.7%
NVDA	Sell	NVIDIA CORP	$1,528,000	-24.1%	12,589	-5.2%	0.58%	-18.7%
	Sell	NOVOZYMES A S DKK 2.0	$955,000	-34.3%	18,945	-22.0%	0.36%	-29.7%
APTV	Sell	APTIV PLC	$942,000	-16.1%	12,040	-4.5%	0.36%	-10.3%
BRKB	Buy	BERKSHIRE HATHAWAY CL B	$879,000	+7.7%	3,290	+10.0%	0.33%	+15.2%
OZK	Sell	BANK OZK	$759,000	-9.0%	19,175	-13.7%	0.29%	-2.7%
UL	Sell	UNILEVER PLC NEW ADR	$717,000	-63.0%	16,339	-61.4%	0.27%	-60.4%
	Sell	SHEL PLC	$709,000	-6.1%	14,250	-1.4%	0.27%	+0.4%
V	Buy	VISA	$662,000	-9.2%	3,725	+0.7%	0.25%	-2.7%
BMY	Sell	BRISTOL-MYERS SQUIBB	$644,000	-17.9%	9,060	-11.0%	0.24%	-11.9%
PFE	Sell	PFIZER	$584,000	-17.9%	13,350	-1.5%	0.22%	-11.9%
NVO	Sell	NOVO NORDISK A S ADR	$509,000	-18.4%	5,100	-8.9%	0.19%	-13.1%
TXN	Sell	TEXAS INSTRUMENTS	$371,000	-7.0%	2,400	-7.7%	0.14%	-0.7%
EOG	Sell	EOG RESOURCES	$230,000	-1.3%	2,065	-2.4%	0.09%	+4.8%
WFC	New	WELLS FARGO	$201,000	–	5,000	–	0.08%	–
ESBA	Sell	EMPIRE STATE REALTY OP LP	$152,000	-10.6%	23,800	-0.4%	0.06%	-3.3%

Q2 2022

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$14,498,000	–	106,036	–	5.15%	–
JNJ	New	JOHNSON & JOHNSON	$12,019,000	–	67,708	–	4.27%	–
GOOGL	New	ALPHABET INC CL A	$11,453,000	–	5,255	–	4.07%	–
ADP	New	AUTOMATIC DATA PROCESSING	$11,380,000	–	54,179	–	4.04%	–
PG	New	PROCTER & GAMBLE	$10,959,000	–	76,226	–	3.89%	–
CNI	New	CANADIAN NATL RAILWAY	$10,818,000	–	96,193	–	3.84%	–
MA	New	MASTERCARD	$10,442,000	–	33,099	–	3.71%	–
DHR	New	DANAHER CORP	$10,221,000	–	40,312	–	3.63%	–
MSFT	New	MICROSOFT CORP	$9,956,000	–	38,759	–	3.54%	–
NSRGY	New	NESTLE SA ADR	$9,576,000	–	82,269	–	3.40%	–
ABT	New	ABBOTT LABS	$9,327,000	–	85,840	–	3.31%	–
ADI	New	ANALOG DEVICES	$8,405,000	–	57,535	–	2.98%	–
RTX	New	RAYTHEON TECHNOLOGIES	$8,186,000	–	85,164	–	2.91%	–
ATR	New	APTARGROUP	$7,482,000	–	72,496	–	2.66%	–
NVS	New	NOVARTIS AG ADR	$7,141,000	–	84,484	–	2.54%	–
FISV	New	FISERV	$7,106,000	–	79,862	–	2.52%	–
CVX	New	CHEVRON	$6,566,000	–	45,355	–	2.33%	–
AMD	New	ADVANCED MICRO DEVICES INC	$6,556,000	–	85,726	–	2.33%	–
BRKA	New	BERKSHIRE HATHAWAY CL A	$6,543,000	–	16	–	2.32%	–
UNH	New	UNITED HEALTH GROUP	$5,868,000	–	11,425	–	2.08%	–
CVS	New	CVS HEALTH	$5,826,000	–	62,875	–	2.07%	–
HD	New	HOME DEPOT	$5,722,000	–	20,860	–	2.03%	–
ROK	New	ROCKWELL AUTOMATION	$5,530,000	–	27,751	–	1.96%	–
BDX	New	BECTON DICKINSON	$4,678,000	–	18,978	–	1.66%	–
DIS	New	DISNEY	$4,392,000	–	46,528	–	1.56%	–
AMZN	New	AMAZON.COM	$4,251,000	–	40,030	–	1.51%	–
TJX	New	TJX COS	$4,169,000	–	74,647	–	1.48%	–
RDSMY	New	KONINKLIJKE DSM NV	$3,988,000	–	110,974	–	1.42%	–
XYL	New	XYLEM INC	$3,895,000	–	49,835	–	1.38%	–
XOM	New	EXXON MOBIL	$3,488,000	–	40,735	–	1.24%	–
NKE	New	NIKE INC CLASS B	$3,456,000	–	33,820	–	1.23%	–
RHHBY	New	ROCHE HLDG LTD ADR	$3,273,000	–	78,466	–	1.16%	–
PEP	New	PEPSICO	$3,178,000	–	19,064	–	1.13%	–
HON	New	HONEYWELL INTL	$2,980,000	–	17,148	–	1.06%	–
INTC	New	INTEL CORP	$2,968,000	–	79,355	–	1.05%	–
MDT	New	MEDTRONIC	$2,489,000	–	27,740	–	0.88%	–
MRK	New	MERCK	$2,129,000	–	23,350	–	0.76%	–
ILMN	New	ILLUMINA	$2,130,000	–	11,558	–	0.76%	–
NVDA	New	NVIDIA CORP	$2,014,000	–	13,285	–	0.72%	–
PYPL	New	PAYPAL HOLDINGS	$1,990,000	–	28,481	–	0.71%	–
ABBV	New	ABBVIE	$1,946,000	–	12,708	–	0.69%	–
UL	New	UNILEVER PLC NEW ADR	$1,939,000	–	42,304	–	0.69%	–
MKC	New	MCCORMICK & CO	$1,610,000	–	19,350	–	0.57%	–
	New	NOVOZYMES A S DKK 2.0	$1,454,000	–	24,275	–	0.52%	–
EW	New	EDWARDS LIFESCIENCES	$1,371,000	–	14,415	–	0.49%	–
EMR	New	EMERSON ELECTRIC	$1,164,000	–	14,642	–	0.41%	–
APTV	New	APTIV PLC	$1,123,000	–	12,610	–	0.40%	–
	New	MUNICH RE GROUP	$1,044,000	–	4,486	–	0.37%	–
OZK	New	BANK OZK	$834,000	–	22,225	–	0.30%	–
LLY	New	ELI LILLY & CO	$827,000	–	2,550	–	0.29%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$816,000	–	2,990	–	0.29%	–
BMY	New	BRISTOL-MYERS SQUIBB	$784,000	–	10,184	–	0.28%	–
UNP	New	UNION PACIFIC	$768,000	–	3,600	–	0.27%	–
	New	SHEL PLC	$755,000	–	14,450	–	0.27%	–
V	New	VISA	$729,000	–	3,700	–	0.26%	–
DE	New	DEERE & CO	$726,000	–	2,425	–	0.26%	–
CAT	New	CATERPILLAR	$720,000	–	4,025	–	0.26%	–
PFE	New	PFIZER	$711,000	–	13,550	–	0.25%	–
NVO	New	NOVO NORDISK A S ADR	$624,000	–	5,600	–	0.22%	–
CL	New	COLGATE-PALMOLIVE	$571,000	–	7,140	–	0.20%	–
SYY	New	SYSCO	$500,000	–	5,900	–	0.18%	–
	New	ORSTED A S	$444,000	–	4,250	–	0.16%	–
TXN	New	TEXAS INSTRUMENTS	$399,000	–	2,600	–	0.14%	–
DOV	New	DOVER CORP	$361,000	–	2,975	–	0.13%	–
PAYX	New	PAYCHEX	$342,000	–	3,000	–	0.12%	–
ECL	New	ECOLAB INC	$342,000	–	2,225	–	0.12%	–
BMO	New	BANK OF MONTREAL	$337,000	–	3,500	–	0.12%	–
KO	New	COCA COLA	$259,000	–	4,125	–	0.09%	–
EOG	New	EOG RESOURCES	$233,000	–	2,115	–	0.08%	–
IDXX	New	IDEXX CORP	$228,000	–	650	–	0.08%	–
AXP	New	AMERICAN EXPRESS	$222,000	–	1,600	–	0.08%	–
	New	FIDELITY 500 INDEX FUND FUNDequity mutual fu	$217,000	–	1,642	–	0.08%	–
ESBA	New	EMPIRE STATE REALTY OP LP	$170,000	–	23,900	–	0.06%	–

Q4 2021

			Value		Shares		↓ Weighting
GILD	Exit	GILEAD SCIENCES	$0	–	-3,000	–	-0.07%	–
EOG	Exit	EOG RESOURCES	$0	–	-2,665	–	-0.07%	–
KO	Exit	COCA COLA	$0	–	-4,125	–	-0.07%	–
AMT	Exit	AMERICAN TOWER	$0	–	-825	–	-0.07%	–
WFC	Exit	WELLS FARGO	$0	–	-5,000	–	-0.07%	–
	Exit	KERRY GROUP PLC	$0	–	-1,800	–	-0.08%	–
FB	Exit	FACEBOOK INC	$0	–	-735	–	-0.08%	–
AXP	Exit	AMERICAN EXPRESS	$0	–	-1,600	–	-0.08%	–
CSCO	Exit	CISCO SYS INC	$0	–	-5,300	–	-0.09%	–
PAYX	Exit	PAYCHEX	$0	–	-3,000	–	-0.11%	–
ESBA	Exit	EMPIRE STATE REALTY OP LP	$0	–	-34,200	–	-0.11%	–
BMO	Exit	BANK OF MONTREAL	$0	–	-3,500	–	-0.11%	–
ECL	Exit	ECOLAB INC	$0	–	-2,225	–	-0.15%	–
SYY	Exit	SYSCO	$0	–	-5,900	–	-0.15%	–
NVO	Exit	NOVO NORDISK A S ADR	$0	–	-5,100	–	-0.16%	–
IDXX	Exit	IDEXX CORP	$0	–	-800	–	-0.16%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-7,250	–	-0.17%	–
DOV	Exit	DOVER CORP	$0	–	-3,650	–	-0.18%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-3,000	–	-0.18%	–
	Exit	ORSTED A S	$0	–	-4,375	–	-0.18%	–
PFE	Exit	PFIZER	$0	–	-13,996	–	-0.19%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-10,784	–	-0.20%	–
LLY	Exit	ELI LILLY & CO	$0	–	-2,912	–	-0.21%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC SPONS	$0	–	-15,600	–	-0.22%	–
UNP	Exit	UNION PACIFIC	$0	–	-3,750	–	-0.23%	–
CAT	Exit	CATERPILLAR	$0	–	-4,075	–	-0.25%	–
MMM	Exit	3M	$0	–	-4,623	–	-0.26%	–
DE	Exit	DEERE & CO	$0	–	-2,425	–	-0.26%	–
V	Exit	VISA	$0	–	-4,295	–	-0.30%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL B	$0	–	-4,000	–	-0.35%	–
	Exit	MUNICH RE GROUP	$0	–	-4,486	–	-0.39%	–
ABBV	Exit	ABBVIE	$0	–	-12,960	–	-0.44%	–
OZK	Exit	BANK OZK	$0	–	-33,245	–	-0.45%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-16,727	–	-0.50%	–
MKC	Exit	MCCORMICK & CO	$0	–	-19,550	–	-0.50%	–
MRK	Exit	MERCK	$0	–	-24,000	–	-0.57%	–
XOM	Exit	EXXON MOBIL	$0	–	-41,775	–	-0.78%	–
HON	Exit	HONEYWELL INTL	$0	–	-13,192	–	-0.89%	–
PEP	Exit	PEPSICO	$0	–	-19,979	–	-0.95%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-80,645	–	-1.16%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-54,440	–	-1.18%	–
ILMN	Exit	ILLUMINA	$0	–	-9,760	–	-1.26%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-28,075	–	-1.29%	–
TJX	Exit	TJX COS	$0	–	-65,692	–	-1.37%	–
UNH	Exit	UNITED HEALTH GROUP	$0	–	-11,430	–	-1.42%	–
CVX	Exit	CHEVRON	$0	–	-45,375	–	-1.46%	–
RDSMY	Exit	KONINKLIJKE DSM NV	$0	–	-95,413	–	-1.51%	–
INTC	Exit	INTEL CORP	$0	–	-97,285	–	-1.64%	–
CVS	Exit	CVS HEALTH	$0	–	-63,688	–	-1.71%	–
PYPL	Exit	PAYPAL HOLDINGS	$0	–	-20,866	–	-1.72%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-100,204	–	-1.72%	–
XYL	Exit	XYLEM INC	$0	–	-45,938	–	-1.80%	–
AMZN	Exit	AMAZON.COM	$0	–	-1,837	–	-1.91%	–
BDX	Exit	BECTON DICKINSON	$0	–	-26,714	–	-2.08%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL A	$0	–	-16	–	-2.09%	–
HD	Exit	HOME DEPOT	$0	–	-21,342	–	-2.22%	–
RTX	Exit	RAYTHEON TECHNOLOGIES	$0	–	-82,865	–	-2.26%	–
DIS	Exit	DISNEY	$0	–	-43,966	–	-2.36%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-93,002	–	-2.41%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-26,454	–	-2.47%	–
XLNX	Exit	XILINX	$0	–	-55,250	–	-2.64%	–
ATR	Exit	APTARGROUP	$0	–	-71,109	–	-2.69%	–
FISV	Exit	FISERV	$0	–	-78,275	–	-2.69%	–
ADI	Exit	ANALOG DEVICES	$0	–	-57,476	–	-3.05%	–
ABT	Exit	ABBOTT LABS	$0	–	-84,472	–	-3.16%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-83,336	–	-3.18%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-75,136	–	-3.33%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-66,330	–	-3.40%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-39,527	–	-3.53%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-56,087	–	-3.55%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-98,836	–	-3.62%	–
MA	Exit	MASTERCARD	$0	–	-33,004	–	-3.64%	–
DHR	Exit	DANAHER CORP	$0	–	-42,062	–	-4.06%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-5,715	–	-4.84%	–
AAPL	Exit	APPLE INC	$0	–	-118,016	–	-5.29%	–

Q3 2021

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$16,700,000	-2.0%	118,016	-5.1%	5.29%	-0.0%
GOOGL	Sell	ALPHABET INC CL A	$15,279,000	+2.6%	5,715	-6.3%	4.84%	+4.7%
DHR	Sell	DANAHER CORP	$12,805,000	+5.7%	42,062	-6.8%	4.06%	+7.8%
MA	Sell	MASTERCARD	$11,477,000	-6.2%	33,004	-1.5%	3.64%	-4.3%
CNI	Buy	CANADIAN NATL RAILWAY	$11,431,000	+9.9%	98,836	+0.3%	3.62%	+12.1%
ADP	Sell	AUTOMATIC DATA PROCESSING	$11,214,000	-0.3%	56,087	-1.0%	3.55%	+1.7%
MSFT	Sell	MICROSOFT CORP	$11,144,000	-0.7%	39,527	-4.5%	3.53%	+1.3%
JNJ	Sell	JOHNSON & JOHNSON	$10,713,000	-2.1%	66,330	-0.2%	3.40%	-0.2%
PG	Sell	PROCTER & GAMBLE	$10,504,000	+3.3%	75,136	-0.3%	3.33%	+5.4%
NSRGY	Sell	NESTLE SA ADR	$10,017,000	-3.8%	83,336	-0.2%	3.18%	-1.9%
ABT	Sell	ABBOTT LABS	$9,979,000	+1.6%	84,472	-0.3%	3.16%	+3.6%
ADI	Sell	ANALOG DEVICES	$9,625,000	-2.9%	57,476	-0.2%	3.05%	-1.0%
FISV	Sell	FISERV	$8,493,000	+1.2%	78,275	-0.3%	2.69%	+3.3%
ATR	Buy	APTARGROUP	$8,486,000	-14.8%	71,109	+0.6%	2.69%	-13.1%
XLNX	Sell	XILINX	$8,342,000	+4.0%	55,250	-0.4%	2.64%	+6.1%
ROK	Sell	ROCKWELL AUTOMATION	$7,779,000	+2.2%	26,454	-0.6%	2.47%	+4.2%
NVS	Sell	NOVARTIS AG ADR	$7,606,000	-11.8%	93,002	-1.7%	2.41%	-10.1%
DIS	Buy	DISNEY	$7,437,000	-3.4%	43,966	+0.4%	2.36%	-1.5%
RTX	Buy	RAYTHEON TECHNOLOGIES	$7,122,000	+3.8%	82,865	+3.0%	2.26%	+5.8%
HD	Sell	HOME DEPOT	$7,005,000	+1.8%	21,342	-1.1%	2.22%	+3.8%
BDX	Buy	BECTON DICKINSON	$6,567,000	+3.6%	26,714	+2.5%	2.08%	+5.6%
AMZN	Buy	AMAZON.COM	$6,034,000	-2.8%	1,837	+1.8%	1.91%	-0.8%
XYL	Sell	XYLEM INC	$5,682,000	+3.0%	45,938	-0.1%	1.80%	+5.0%
UL	Buy	UNILEVER PLC NEW ADR	$5,434,000	-5.3%	100,204	+2.1%	1.72%	-3.5%
PYPL	Sell	PAYPAL HOLDINGS	$5,429,000	-13.8%	20,866	-3.5%	1.72%	-12.1%
CVS	Sell	CVS HEALTH	$5,405,000	+1.2%	63,688	-0.5%	1.71%	+3.2%
INTC	Sell	INTEL CORP	$5,183,000	-12.2%	97,285	-7.4%	1.64%	-10.4%
RDSMY	Buy	KONINKLIJKE DSM NV	$4,768,000	+28.2%	95,413	+20.0%	1.51%	+30.8%
CVX	Buy	CHEVRON	$4,603,000	+0.3%	45,375	+3.5%	1.46%	+2.3%
UNH	Buy	UNITED HEALTH GROUP	$4,466,000	-2.1%	11,430	+0.3%	1.42%	-0.1%
TJX	Buy	TJX COS	$4,334,000	+1.0%	65,692	+3.1%	1.37%	+3.0%
NKE	Buy	NIKE INC CLASS B	$4,076,000	+4.4%	28,075	+11.1%	1.29%	+6.5%
ILMN	Buy	ILLUMINA	$3,959,000	-14.1%	9,760	+0.2%	1.26%	-12.4%
	Sell	NOVOZYMES A S DKK 2.0	$3,720,000	-21.4%	54,440	-13.5%	1.18%	-19.9%
RHHBY	Sell	ROCHE HLDG LTD ADR	$3,667,000	-3.7%	80,645	-0.5%	1.16%	-1.8%
PEP	Sell	PEPSICO	$3,005,000	+0.5%	19,979	-1.0%	0.95%	+2.5%
HON	Buy	HONEYWELL INTL	$2,800,000	+15.9%	13,192	+19.8%	0.89%	+18.3%
XOM	Sell	EXXON MOBIL	$2,458,000	-7.1%	41,775	-0.5%	0.78%	-5.2%
EMR	Sell	EMERSON ELECTRIC	$1,576,000	-6.6%	16,727	-4.6%	0.50%	-4.6%
ABBV	Sell	ABBVIE	$1,399,000	-5.7%	12,960	-1.6%	0.44%	-3.9%
BRKB	Sell	BERKSHIRE HATHAWAY CL B	$1,092,000	-17.3%	4,000	-15.8%	0.35%	-15.6%
V	Sell	VISA	$957,000	-12.9%	4,295	-8.6%	0.30%	-11.1%
DE	Sell	DEERE & CO	$813,000	-5.9%	2,425	-1.0%	0.26%	-3.7%
MMM	Sell	3M	$811,000	-59.6%	4,623	-54.2%	0.26%	-58.7%
CAT	Sell	CATERPILLAR	$782,000	-15.9%	4,075	-4.7%	0.25%	-14.2%
UNP	Sell	UNION PACIFIC	$735,000	-13.7%	3,750	-3.2%	0.23%	-12.1%
LLY	Sell	ELI LILLY & CO	$673,000	-6.5%	2,912	-7.2%	0.21%	-4.9%
PFE	Sell	PFIZER	$601,000	+8.1%	13,996	-1.4%	0.19%	+9.8%
TXN	Sell	TEXAS INSTRUMENTS	$577,000	-11.8%	3,000	-11.8%	0.18%	-9.9%
IDXX	Sell	IDEXX CORP	$498,000	-17.0%	800	-15.8%	0.16%	-15.1%
NVO	Sell	NOVO NORDISK A S ADR	$490,000	+6.3%	5,100	-7.3%	0.16%	+8.4%
ESBA	Sell	EMPIRE STATE REALTY OP LP	$344,000	-17.3%	34,200	-0.9%	0.11%	-15.5%
CSCO	Sell	CISCO SYS INC	$288,000	-1.0%	5,300	-3.6%	0.09%	+1.1%
FB	Sell	FACEBOOK INC	$250,000	-17.8%	735	-16.0%	0.08%	-16.0%
EOG	Sell	EOG RESOURCES	$214,000	-17.7%	2,665	-14.4%	0.07%	-16.0%
FIS	Exit	FIDELITY NATL INFO SVCS	$0	–	-1,590	–	-0.07%	–

Q2 2021

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$17,039,000	–	124,415	–	5.29%	–
GOOGL	New	ALPHABET INC CL A	$14,890,000	–	6,098	–	4.63%	–
MA	New	MASTERCARD	$12,231,000	–	33,504	–	3.80%	–
DHR	New	DANAHER CORP	$12,114,000	–	45,141	–	3.76%	–
ADP	New	AUTOMATIC DATA PROCESSING	$11,253,000	–	56,660	–	3.50%	–
MSFT	New	MICROSOFT CORP	$11,217,000	–	41,407	–	3.48%	–
JNJ	New	JOHNSON & JOHNSON	$10,948,000	–	66,458	–	3.40%	–
NSRGY	New	NESTLE SA ADR	$10,414,000	–	83,484	–	3.24%	–
CNI	New	CANADIAN NATL RAILWAY	$10,399,000	–	98,554	–	3.23%	–
PG	New	PROCTER & GAMBLE	$10,164,000	–	75,326	–	3.16%	–
ATR	New	APTARGROUP	$9,958,000	–	70,704	–	3.09%	–
ADI	New	ANALOG DEVICES	$9,916,000	–	57,600	–	3.08%	–
ABT	New	ABBOTT LABS	$9,823,000	–	84,732	–	3.05%	–
NVS	New	NOVARTIS AG ADR	$8,628,000	–	94,582	–	2.68%	–
FISV	New	FISERV	$8,390,000	–	78,495	–	2.61%	–
XLNX	New	XILINX	$8,022,000	–	55,457	–	2.49%	–
DIS	New	DISNEY	$7,697,000	–	43,786	–	2.39%	–
ROK	New	ROCKWELL AUTOMATION	$7,615,000	–	26,626	–	2.37%	–
HD	New	HOME DEPOT	$6,883,000	–	21,587	–	2.14%	–
RTX	New	RAYTHEON TECHNOLOGIES	$6,864,000	–	80,462	–	2.13%	–
BRKA	New	BERKSHIRE HATHAWAY CL A	$6,698,000	–	16	–	2.08%	–
BDX	New	BECTON DICKINSON	$6,340,000	–	26,070	–	1.97%	–
PYPL	New	PAYPAL HOLDINGS	$6,301,000	–	21,614	–	1.96%	–
AMZN	New	AMAZON.COM	$6,209,000	–	1,805	–	1.93%	–
INTC	New	INTEL CORP	$5,900,000	–	105,075	–	1.83%	–
UL	New	UNILEVER PLC NEW ADR	$5,740,000	–	98,121	–	1.78%	–
XYL	New	XYLEM INC	$5,518,000	–	45,997	–	1.72%	–
CVS	New	CVS HEALTH	$5,342,000	–	64,018	–	1.66%	–
	New	NOVOZYMES A S DKK 2.0	$4,735,000	–	62,960	–	1.47%	–
ILMN	New	ILLUMINA	$4,609,000	–	9,740	–	1.43%	–
CVX	New	CHEVRON	$4,590,000	–	43,825	–	1.43%	–
UNH	New	UNITED HEALTH GROUP	$4,563,000	–	11,395	–	1.42%	–
TJX	New	TJX COS	$4,293,000	–	63,697	–	1.33%	–
NKE	New	NIKE INC CLASS B	$3,903,000	–	25,265	–	1.21%	–
RHHBY	New	ROCHE HLDG LTD ADR	$3,807,000	–	81,025	–	1.18%	–
RDSMY	New	KONINKLIJKE DSM NV	$3,718,000	–	79,483	–	1.16%	–
PEP	New	PEPSICO	$2,989,000	–	20,175	–	0.93%	–
XOM	New	EXXON MOBIL	$2,647,000	–	41,965	–	0.82%	–
HON	New	HONEYWELL INTL	$2,415,000	–	11,012	–	0.75%	–
MMM	New	3M	$2,005,000	–	10,090	–	0.62%	–
MRK	New	MERCK	$1,867,000	–	24,000	–	0.58%	–
MKC	New	MCCORMICK & CO	$1,726,000	–	19,550	–	0.54%	–
EMR	New	EMERSON ELECTRIC	$1,687,000	–	17,527	–	0.52%	–
ABBV	New	ABBVIE	$1,484,000	–	13,175	–	0.46%	–
OZK	New	BANK OZK	$1,402,000	–	33,245	–	0.44%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$1,321,000	–	4,750	–	0.41%	–
	New	MUNICH RE GROUP	$1,235,000	–	4,486	–	0.38%	–
V	New	VISA	$1,099,000	–	4,700	–	0.34%	–
CAT	New	CATERPILLAR	$930,000	–	4,275	–	0.29%	–
DE	New	DEERE & CO	$864,000	–	2,450	–	0.27%	–
UNP	New	UNION PACIFIC	$852,000	–	3,872	–	0.26%	–
BMY	New	BRISTOL-MYERS SQUIBB	$721,000	–	10,784	–	0.22%	–
LLY	New	ELI LILLY & CO	$720,000	–	3,137	–	0.22%	–
TXN	New	TEXAS INSTRUMENTS	$654,000	–	3,400	–	0.20%	–
RDSA	New	ROYAL DUTCH SHELL PLC SPONS	$630,000	–	15,600	–	0.20%	–
	New	ORSTED A S	$613,000	–	4,375	–	0.19%	–
IDXX	New	IDEXX CORP	$600,000	–	950	–	0.19%	–
CL	New	COLGATE-PALMOLIVE	$590,000	–	7,250	–	0.18%	–
PFE	New	PFIZER	$556,000	–	14,196	–	0.17%	–
DOV	New	DOVER CORP	$550,000	–	3,650	–	0.17%	–
NVO	New	NOVO NORDISK A S ADR	$461,000	–	5,500	–	0.14%	–
SYY	New	SYSCO	$459,000	–	5,900	–	0.14%	–
ECL	New	ECOLAB INC	$458,000	–	2,225	–	0.14%	–
ESBA	New	EMPIRE STATE REALTY OP LP	$416,000	–	34,500	–	0.13%	–
BMO	New	BANK OF MONTREAL	$359,000	–	3,500	–	0.11%	–
PAYX	New	PAYCHEX	$322,000	–	3,000	–	0.10%	–
FB	New	FACEBOOK INC	$304,000	–	875	–	0.09%	–
CSCO	New	CISCO SYS INC	$291,000	–	5,500	–	0.09%	–
AXP	New	AMERICAN EXPRESS	$264,000	–	1,600	–	0.08%	–
EOG	New	EOG RESOURCES	$260,000	–	3,115	–	0.08%	–
	New	KERRY GROUP PLC	$252,000	–	1,800	–	0.08%	–
WFC	New	WELLS FARGO	$226,000	–	5,000	–	0.07%	–
FIS	New	FIDELITY NATL INFO SVCS	$225,000	–	1,590	–	0.07%	–
AMT	New	AMERICAN TOWER	$223,000	–	825	–	0.07%	–
KO	New	COCA COLA	$223,000	–	4,125	–	0.07%	–
GILD	New	GILEAD SCIENCES	$207,000	–	3,000	–	0.06%	–

Q4 2020

			Value		Shares		↓ Weighting
KO	Exit	COCA COLA	$0	–	-4,125	–	-0.07%	–
BMO	Exit	BANK OF MONTREAL	$0	–	-3,500	–	-0.07%	–
ESBA	Exit	EMPIRE STATE REALTY OP LP	$0	–	-36,500	–	-0.08%	–
	Exit	KERRY GROUP PLC	$0	–	-1,825	–	-0.08%	–
PAYX	Exit	PAYCHEX	$0	–	-3,000	–	-0.08%	–
FB	Exit	FACEBOOK INC	$0	–	-1,075	–	-0.10%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-4,500	–	-0.10%	–
CSCO	Exit	CISCO SYS INC	$0	–	-7,600	–	-0.11%	–
ORCL	Exit	ORACLE	$0	–	-5,125	–	-0.11%	–
FIS	Exit	FIDELITY NATL INFO SVCS	$0	–	-2,100	–	-0.11%	–
SYY	Exit	SYSCO	$0	–	-5,900	–	-0.13%	–
NVO	Exit	NOVO NORDISK A S ADR	$0	–	-5,500	–	-0.14%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC SPONS	$0	–	-15,600	–	-0.14%	–
DOV	Exit	DOVER CORP	$0	–	-3,650	–	-0.14%	–
ECL	Exit	ECOLAB INC	$0	–	-2,250	–	-0.16%	–
IDXX	Exit	IDEXX CORP	$0	–	-1,200	–	-0.17%	–
LLY	Exit	ELI LILLY & CO	$0	–	-3,337	–	-0.18%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-3,500	–	-0.18%	–
EOG	Exit	EOG RESOURCES	$0	–	-14,438	–	-0.18%	–
PFE	Exit	PFIZER	$0	–	-14,196	–	-0.18%	–
DE	Exit	DEERE & CO	$0	–	-2,525	–	-0.20%	–
HON	Exit	HONEYWELL INTL	$0	–	-3,643	–	-0.21%	–
	Exit	ORSTED A S	$0	–	-4,575	–	-0.22%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-8,550	–	-0.24%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-11,359	–	-0.24%	–
CAT	Exit	CATERPILLAR	$0	–	-5,300	–	-0.28%	–
UNP	Exit	UNION PACIFIC	$0	–	-4,222	–	-0.30%	–
OZK	Exit	BANK OZK	$0	–	-42,245	–	-0.32%	–
V	Exit	VISA	$0	–	-5,500	–	-0.39%	–
	Exit	MUNICH RE GROUP	$0	–	-4,486	–	-0.41%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-19,842	–	-0.46%	–
ABBV	Exit	ABBVIE	$0	–	-16,000	–	-0.50%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-11,840	–	-0.53%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL B	$0	–	-7,300	–	-0.55%	–
XOM	Exit	EXXON MOBIL	$0	–	-49,855	–	-0.61%	–
MKC	Exit	MCCORMICK & CO	$0	–	-9,800	–	-0.68%	–
MRK	Exit	MERCK	$0	–	-24,100	–	-0.71%	–
TJX	Exit	TJX COS	$0	–	-47,660	–	-0.94%	–
CB	Exit	CHUBB LIMITED	$0	–	-24,250	–	-1.00%	–
ILMN	Exit	ILLUMINA	$0	–	-9,991	–	-1.10%	–
PEP	Exit	PEPSICO	$0	–	-22,350	–	-1.10%	–
UNH	Exit	UNITED HEALTH GROUP	$0	–	-11,125	–	-1.24%	–
CVX	Exit	CHEVRON	$0	–	-48,431	–	-1.24%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-83,905	–	-1.28%	–
XYL	Exit	XYLEM INC	$0	–	-44,301	–	-1.32%	–
CVS	Exit	CVS HEALTH	$0	–	-64,028	–	-1.33%	–
RTX	Exit	RAYTHEON TECHNOLOGIES	$0	–	-77,280	–	-1.58%	–
MMM	Exit	3M	$0	–	-28,705	–	-1.64%	–
PYPL	Exit	PAYPAL HOLDINGS	$0	–	-25,869	–	-1.81%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL A	$0	–	-16	–	-1.82%	–
AMZN	Exit	AMAZON.COM	$0	–	-1,665	–	-1.86%	–
DIS	Exit	DISNEY	$0	–	-44,369	–	-1.96%	–
BDX	Exit	BECTON DICKINSON	$0	–	-23,711	–	-1.96%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-91,654	–	-2.01%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-25,830	–	-2.03%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-93,200	–	-2.08%	–
XLNX	Exit	XILINX	$0	–	-57,907	–	-2.15%	–
HD	Exit	HOME DEPOT	$0	–	-22,550	–	-2.23%	–
ADI	Exit	ANALOG DEVICES	$0	–	-58,674	–	-2.44%	–
INTC	Exit	INTEL CORP	$0	–	-136,495	–	-2.52%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-58,095	–	-2.88%	–
FISV	Exit	FISERV	$0	–	-80,709	–	-2.96%	–
ATR	Exit	APTARGROUP	$0	–	-75,101	–	-3.02%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-98,588	–	-3.05%	–
ABT	Exit	ABBOTT LABS	$0	–	-89,496	–	-3.47%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-67,083	–	-3.56%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-47,502	–	-3.56%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-86,663	–	-3.68%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-7,148	–	-3.73%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-76,705	–	-3.79%	–
DHR	Exit	DANAHER CORP	$0	–	-51,241	–	-3.93%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-104,596	–	-3.96%	–
MA	Exit	MASTERCARD	$0	–	-35,861	–	-4.32%	–
AAPL	Exit	APPLE INC	$0	–	-147,319	–	-6.07%	–

Q3 2020

			Value		Shares		↓ Weighting
AAPL	Buy	APPLE INC	$17,061,000	+13.2%	147,319	+256.7%	6.07%	+7.7%
MA	Sell	MASTERCARD	$12,127,000	+8.7%	35,861	-5.0%	4.32%	+3.4%
CNI	Sell	CANADIAN NATL RAILWAY	$11,136,000	+19.3%	104,596	-0.7%	3.96%	+13.5%
DHR	Sell	DANAHER CORP	$11,034,000	+12.6%	51,241	-7.5%	3.93%	+7.1%
PG	Sell	PROCTER & GAMBLE	$10,662,000	+14.1%	76,705	-1.8%	3.79%	+8.5%
GOOGL	Sell	ALPHABET INC CL A	$10,476,000	+0.9%	7,148	-2.3%	3.73%	-4.0%
NSRGY	Sell	NESTLE SA ADR	$10,337,000	+5.5%	86,663	-2.3%	3.68%	+0.4%
MSFT	Sell	MICROSOFT CORP	$9,992,000	-3.2%	47,502	-6.4%	3.56%	-7.9%
JNJ	Sell	JOHNSON & JOHNSON	$9,988,000	+5.9%	67,083	-0.0%	3.56%	+0.7%
ABT	Sell	ABBOTT LABS	$9,740,000	+17.0%	89,496	-1.7%	3.47%	+11.3%
NVS	Sell	NOVARTIS AG ADR	$8,574,000	-0.7%	98,588	-0.2%	3.05%	-5.5%
ATR	Sell	APTARGROUP	$8,501,000	+0.6%	75,101	-0.5%	3.02%	-4.3%
FISV	Buy	FISERV	$8,316,000	+5.6%	80,709	+0.1%	2.96%	+0.5%
ADP	Sell	AUTOMATIC DATA PROCESSING	$8,102,000	-6.4%	58,095	-0.0%	2.88%	-10.9%
INTC	Sell	INTEL CORP	$7,067,000	-16.2%	136,495	-3.2%	2.52%	-20.3%
ADI	Buy	ANALOG DEVICES	$6,850,000	-3.0%	58,674	+1.9%	2.44%	-7.7%
HD	Sell	HOME DEPOT	$6,262,000	+7.4%	22,550	-3.1%	2.23%	+2.2%
XLNX	Buy	XILINX	$6,036,000	+10.2%	57,907	+4.0%	2.15%	+4.8%
	Sell	NOVOZYMES A S DKK 2.0	$5,856,000	+8.1%	93,200	-0.8%	2.08%	+2.9%
ROK	Sell	ROCKWELL AUTOMATION	$5,700,000	+3.4%	25,830	-0.2%	2.03%	-1.6%
UL	Buy	UNILEVER PLC NEW ADR	$5,653,000	+12.6%	91,654	+0.2%	2.01%	+7.1%
BDX	Buy	BECTON DICKINSON	$5,517,000	+1.4%	23,711	+4.2%	1.96%	-3.6%
DIS	Buy	DISNEY	$5,505,000	+11.8%	44,369	+0.5%	1.96%	+6.4%
AMZN	Buy	AMAZON.COM	$5,240,000	+15.1%	1,665	+0.9%	1.86%	+9.5%
PYPL	Sell	PAYPAL HOLDINGS	$5,097,000	+5.8%	25,869	-6.4%	1.81%	+0.7%
MMM	Sell	3M	$4,597,000	+0.6%	28,705	-2.0%	1.64%	-4.3%
RTX	Buy	RAYTHEON TECHNOLOGIES	$4,447,000	-0.8%	77,280	+6.2%	1.58%	-5.5%
CVS	Buy	CVS HEALTH	$3,740,000	-8.8%	64,028	+1.4%	1.33%	-13.3%
XYL	Buy	XYLEM INC	$3,724,000	+46.7%	44,301	+13.3%	1.32%	+39.6%
RHHBY	Buy	ROCHE HLDG LTD ADR	$3,590,000	-0.3%	83,905	+1.1%	1.28%	-5.1%
CVX	Buy	CHEVRON	$3,487,000	-10.9%	48,431	+10.4%	1.24%	-15.3%
UNH	Buy	UNITED HEALTH GROUP	$3,469,000	+43.0%	11,125	+35.2%	1.24%	+36.0%
PEP	Sell	PEPSICO	$3,096,000	+2.5%	22,350	-2.1%	1.10%	-2.5%
ILMN	Sell	ILLUMINA	$3,089,000	-16.6%	9,991	-0.1%	1.10%	-20.7%
CB	Sell	CHUBB LIMITED	$2,816,000	-29.9%	24,250	-23.6%	1.00%	-33.3%
TJX	Buy	TJX COS	$2,653,000	+89.2%	47,660	+71.9%	0.94%	+79.8%
MRK	Sell	MERCK	$1,999,000	+6.8%	24,100	-0.4%	0.71%	+1.6%
MKC	Sell	MCCORMICK & CO	$1,903,000	+1.1%	9,800	-6.7%	0.68%	-3.8%
XOM	Sell	EXXON MOBIL	$1,710,000	-33.9%	49,855	-13.9%	0.61%	-37.1%
NKE	Buy	NIKE INC CLASS B	$1,487,000	+232.7%	11,840	+159.2%	0.53%	+216.8%
EMR	Sell	EMERSON ELECTRIC	$1,300,000	+1.9%	19,842	-3.5%	0.46%	-2.9%
V	Sell	VISA	$1,100,000	-2.1%	5,500	-5.6%	0.39%	-7.1%
OZK	Sell	BANK OZK	$901,000	-15.2%	42,245	-6.6%	0.32%	-19.1%
CAT	Sell	CATERPILLAR	$790,000	+5.9%	5,300	-10.2%	0.28%	+0.7%
BMY	Sell	BRISTOL-MYERS SQUIBB	$686,000	+2.4%	11,359	-0.2%	0.24%	-2.8%
HON	Buy	HONEYWELL INTL	$599,000	+95.8%	3,643	+72.0%	0.21%	+86.8%
DE	Sell	DEERE & CO	$559,000	+39.8%	2,525	-1.0%	0.20%	+32.7%
EOG	Sell	EOG RESOURCES	$519,000	-48.3%	14,438	-27.1%	0.18%	-50.8%
TXN	Sell	TEXAS INSTRUMENTS	$500,000	+3.7%	3,500	-7.9%	0.18%	-1.1%
LLY	Sell	ELI LILLY & CO	$494,000	-11.2%	3,337	-1.5%	0.18%	-15.4%
IDXX	Sell	IDEXX CORP	$472,000	+10.0%	1,200	-7.7%	0.17%	+5.0%
DOV	Sell	DOVER CORP	$396,000	+6.5%	3,650	-5.2%	0.14%	+1.4%
NVO	Sell	NOVO NORDISK A S ADR	$382,000	-7.3%	5,500	-12.7%	0.14%	-11.7%
SYY	Sell	SYSCO	$367,000	+9.9%	5,900	-3.3%	0.13%	+4.8%
ORCL	Sell	ORACLE	$306,000	-1.6%	5,125	-8.9%	0.11%	-6.0%
CSCO	Sell	CISCO SYS INC	$299,000	-16.9%	7,600	-1.3%	0.11%	-21.5%
GILD	Sell	GILEAD SCIENCES	$284,000	-19.8%	4,500	-2.2%	0.10%	-23.5%
KO	New	COCA COLA	$204,000	–	4,125	–	0.07%	–
BMO	New	BANK OF MONTREAL	$204,000	–	3,500	–	0.07%	–
MKTX	Exit	MARKETAXESS HOLDINGS INC	$0	–	-400	–	-0.08%	–
AMT	Exit	AMERICAN TOWER	$0	–	-825	–	-0.08%	–
OTIS	Exit	OTIS WORLDWIDE	$0	–	-4,040	–	-0.09%	–

Q2 2020

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$15,068,000	–	41,305	–	5.64%	–
MA	New	MASTERCARD	$11,161,000	–	37,743	–	4.18%	–
GOOGL	New	ALPHABET INC CL A	$10,379,000	–	7,319	–	3.88%	–
MSFT	New	MICROSOFT CORP	$10,324,000	–	50,727	–	3.86%	–
NSRGY	New	NESTLE SA ADR	$9,796,000	–	88,704	–	3.66%	–
DHR	New	DANAHER CORP	$9,797,000	–	55,407	–	3.66%	–
JNJ	New	JOHNSON & JOHNSON	$9,435,000	–	67,106	–	3.53%	–
PG	New	PROCTER & GAMBLE	$9,344,000	–	78,147	–	3.50%	–
CNI	New	CANADIAN NATL RAILWAY	$9,333,000	–	105,356	–	3.49%	–
ADP	New	AUTOMATIC DATA PROCESSING	$8,652,000	–	58,116	–	3.24%	–
NVS	New	NOVARTIS AG ADR	$8,631,000	–	98,806	–	3.23%	–
ATR	New	APTARGROUP	$8,448,000	–	75,448	–	3.16%	–
INTC	New	INTEL CORP	$8,438,000	–	141,032	–	3.16%	–
ABT	New	ABBOTT LABS	$8,327,000	–	91,074	–	3.12%	–
FISV	New	FISERV	$7,872,000	–	80,619	–	2.94%	–
ADI	New	ANALOG DEVICES	$7,059,000	–	57,555	–	2.64%	–
HD	New	HOME DEPOT	$5,832,000	–	23,279	–	2.18%	–
ROK	New	ROCKWELL AUTOMATION	$5,511,000	–	25,872	–	2.06%	–
XLNX	New	XILINX	$5,476,000	–	55,655	–	2.05%	–
BDX	New	BECTON DICKINSON	$5,443,000	–	22,754	–	2.04%	–
	New	NOVOZYMES A S DKK 2.0	$5,416,000	–	93,960	–	2.03%	–
UL	New	UNILEVER PLC NEW ADR	$5,020,000	–	91,459	–	1.88%	–
DIS	New	DISNEY	$4,924,000	–	44,139	–	1.84%	–
PYPL	New	PAYPAL HOLDINGS	$4,817,000	–	27,648	–	1.80%	–
MMM	New	3M	$4,570,000	–	29,295	–	1.71%	–
AMZN	New	AMAZON.COM	$4,551,000	–	1,650	–	1.70%	–
RTX	New	RAYTHEON TECHNOLOGIES	$4,481,000	–	72,740	–	1.68%	–
BRKA	New	BERKSHIRE HATHAWAY CL A	$4,277,000	–	16	–	1.60%	–
CVS	New	CVS HEALTH	$4,102,000	–	63,155	–	1.54%	–
CB	New	CHUBB LIMITED	$4,016,000	–	31,724	–	1.50%	–
CVX	New	CHEVRON	$3,915,000	–	43,871	–	1.46%	–
ILMN	New	ILLUMINA	$3,704,000	–	9,999	–	1.39%	–
RHHBY	New	ROCHE HLDG LTD ADR	$3,599,000	–	82,955	–	1.35%	–
PEP	New	PEPSICO	$3,020,000	–	22,830	–	1.13%	–
XOM	New	EXXON MOBIL	$2,587,000	–	57,871	–	0.97%	–
XYL	New	XYLEM INC	$2,538,000	–	39,091	–	0.95%	–
UNH	New	UNITED HEALTH GROUP	$2,426,000	–	8,229	–	0.91%	–
MKC	New	MCCORMICK & CO	$1,883,000	–	10,500	–	0.70%	–
MRK	New	MERCK	$1,872,000	–	24,200	–	0.70%	–
ABBV	New	ABBVIE	$1,572,000	–	16,000	–	0.59%	–
TJX	New	TJX COS	$1,402,000	–	27,731	–	0.52%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$1,304,000	–	7,300	–	0.49%	–
EMR	New	EMERSON ELECTRIC	$1,276,000	–	20,572	–	0.48%	–
	New	MUNICH RE GROUP	$1,157,000	–	4,486	–	0.43%	–
V	New	VISA	$1,124,000	–	5,825	–	0.42%	–
OZK	New	BANK OZK	$1,062,000	–	45,245	–	0.40%	–
EOG	New	EOG RESOURCES	$1,004,000	–	19,808	–	0.38%	–
CAT	New	CATERPILLAR	$746,000	–	5,900	–	0.28%	–
UNP	New	UNION PACIFIC	$714,000	–	4,222	–	0.27%	–
BMY	New	BRISTOL-MYERS SQUIBB	$670,000	–	11,384	–	0.25%	–
CL	New	COLGATE-PALMOLIVE	$626,000	–	8,550	–	0.23%	–
LLY	New	ELI LILLY & CO	$556,000	–	3,387	–	0.21%	–
	New	ORSTED A S	$526,000	–	4,575	–	0.20%	–
RDSA	New	ROYAL DUTCH SHELL PLC SPONS	$510,000	–	15,600	–	0.19%	–
TXN	New	TEXAS INSTRUMENTS	$482,000	–	3,800	–	0.18%	–
PFE	New	PFIZER	$464,000	–	14,196	–	0.17%	–
ECL	New	ECOLAB INC	$448,000	–	2,250	–	0.17%	–
NKE	New	NIKE INC CLASS B	$447,000	–	4,568	–	0.17%	–
IDXX	New	IDEXX CORP	$429,000	–	1,300	–	0.16%	–
NVO	New	NOVO NORDISK A S ADR	$412,000	–	6,300	–	0.15%	–
DE	New	DEERE & CO	$400,000	–	2,550	–	0.15%	–
DOV	New	DOVER CORP	$372,000	–	3,850	–	0.14%	–
CSCO	New	CISCO SYS INC	$360,000	–	7,700	–	0.14%	–
GILD	New	GILEAD SCIENCES	$354,000	–	4,600	–	0.13%	–
SYY	New	SYSCO	$334,000	–	6,100	–	0.12%	–
ORCL	New	ORACLE	$311,000	–	5,625	–	0.12%	–
HON	New	HONEYWELL INTL	$306,000	–	2,118	–	0.11%	–
FIS	New	FIDELITY NATL INFO SVCS	$282,000	–	2,100	–	0.10%	–
ESBA	New	EMPIRE STATE REALTY OP LP	$266,000	–	36,500	–	0.10%	–
FB	New	FACEBOOK INC	$244,000	–	1,075	–	0.09%	–
OTIS	New	OTIS WORLDWIDE	$230,000	–	4,040	–	0.09%	–
PAYX	New	PAYCHEX	$227,000	–	3,000	–	0.08%	–
	New	KERRY GROUP PLC	$225,000	–	1,825	–	0.08%	–
AMT	New	AMERICAN TOWER	$213,000	–	825	–	0.08%	–
MKTX	New	MARKETAXESS HOLDINGS INC	$200,000	–	400	–	0.08%	–

Q4 2019

			Value		Shares		↓ Weighting
GE	Exit	GENERAL ELECTRIC	$0	–	-10,398	–	-0.04%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-5,650	–	-0.08%	–
HON	Exit	HONEYWELL INTL	$0	–	-1,253	–	-0.08%	–
	Exit	KERRY GROUP PLC	$0	–	-1,825	–	-0.08%	–
KO	Exit	COCA COLA	$0	–	-4,125	–	-0.08%	–
STT	Exit	STATE STREET	$0	–	-3,937	–	-0.09%	–
AXP	Exit	AMERICAN EXPRESS	$0	–	-2,000	–	-0.09%	–
SU	Exit	SUNCOR ENERGY	$0	–	-8,000	–	-0.10%	–
BMO	Exit	BANK OF MONTREAL	$0	–	-3,500	–	-0.10%	–
FIS	Exit	FIDELITY NATL INFO SVCS	$0	–	-2,100	–	-0.10%	–
PAYX	Exit	PAYCHEX	$0	–	-3,900	–	-0.12%	–
WFC	Exit	WELLS FARGO	$0	–	-6,500	–	-0.12%	–
NVO	Exit	NOVO NORDISK A S ADR	$0	–	-6,700	–	-0.13%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-5,545	–	-0.13%	–
LLY	Exit	ELI LILLY & CO	$0	–	-3,487	–	-0.15%	–
DOV	Exit	DOVER CORP	$0	–	-4,000	–	-0.15%	–
	Exit	ORSTED A S	$0	–	-4,425	–	-0.15%	–
IDXX	Exit	IDEXX CORP	$0	–	-1,500	–	-0.15%	–
DE	Exit	DEERE & CO	$0	–	-2,735	–	-0.17%	–
VRTX	Exit	VERTEX PHARMACEUTICALS	$0	–	-2,750	–	-0.18%	–
ECL	Exit	ECOLAB INC	$0	–	-2,450	–	-0.18%	–
CSCO	Exit	CISCO SYS INC	$0	–	-9,845	–	-0.18%	–
PFE	Exit	PFIZER	$0	–	-14,396	–	-0.20%	–
SYY	Exit	SYSCO	$0	–	-6,600	–	-0.20%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-10,560	–	-0.20%	–
ORCL	Exit	ORACLE	$0	–	-9,975	–	-0.21%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-4,400	–	-0.21%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-8,567	–	-0.24%	–
UNP	Exit	UNION PACIFIC	$0	–	-4,200	–	-0.26%	–
CAT	Exit	CATERPILLAR	$0	–	-6,000	–	-0.28%	–
EOG	Exit	EOG RESOURCES	$0	–	-10,464	–	-0.29%	–
IPGP	Exit	IPG PHOTONICS	$0	–	-6,172	–	-0.32%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC SPONS	$0	–	-15,600	–	-0.35%	–
ESBA	Exit	EMPIRE STATE REALTY OP LP	$0	–	-66,073	–	-0.35%	–
FTV	Exit	FORTIVE CORP	$0	–	-14,344	–	-0.37%	–
	Exit	MUNICH RE GROUP	$0	–	-4,486	–	-0.44%	–
V	Exit	VISA	$0	–	-6,975	–	-0.45%	–
ABBV	Exit	ABBVIE	$0	–	-16,576	–	-0.47%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-21,372	–	-0.54%	–
OZK	Exit	BANK OZK	$0	–	-54,430	–	-0.56%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL B	$0	–	-8,150	–	-0.64%	–
MKC	Exit	MCCORMICK & CO	$0	–	-11,425	–	-0.67%	–
MRK	Exit	MERCK	$0	–	-24,732	–	-0.78%	–
AMZN	Exit	AMAZON.COM	$0	–	-1,309	–	-0.86%	–
PYPL	Exit	PAYPAL HOLDINGS	$0	–	-22,784	–	-0.89%	–
XYL	Exit	XYLEM INC	$0	–	-37,729	–	-1.13%	–
ILMN	Exit	ILLUMINA	$0	–	-9,908	–	-1.14%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-84,443	–	-1.16%	–
PEP	Exit	PEPSICO	$0	–	-24,088	–	-1.24%	–
BDX	Exit	BECTON DICKINSON	$0	–	-14,826	–	-1.41%	–
CVS	Exit	CVS HEALTH	$0	–	-62,281	–	-1.48%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-24,158	–	-1.50%	–
XOM	Exit	EXXON MOBIL	$0	–	-57,461	–	-1.53%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-98,445	–	-1.55%	–
CVX	Exit	CHEVRON	$0	–	-37,351	–	-1.67%	–
XLNX	Exit	XILINX	$0	–	-50,212	–	-1.81%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL A	$0	–	-16	–	-1.88%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-86,620	–	-1.96%	–
DIS	Exit	DISNEY	$0	–	-40,131	–	-1.97%	–
HD	Exit	HOME DEPOT	$0	–	-24,947	–	-2.18%	–
MMM	Exit	3M	$0	–	-37,903	–	-2.35%	–
ADI	Exit	ANALOG DEVICES	$0	–	-57,284	–	-2.41%	–
CB	Exit	CHUBB LIMITED	$0	–	-40,832	–	-2.48%	–
ABT	Exit	ABBOTT LABS	$0	–	-94,762	–	-2.99%	–
UTX	Exit	UNITED TECHNOLOGIES	$0	–	-59,298	–	-3.05%	–
INTC	Exit	INTEL CORP	$0	–	-162,495	–	-3.15%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-60,300	–	-3.16%	–
DHR	Exit	DANAHER CORP	$0	–	-58,371	–	-3.18%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-99,973	–	-3.27%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-69,051	–	-3.36%	–
ATR	Exit	APTARGROUP	$0	–	-77,680	–	-3.47%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-7,677	–	-3.53%	–
FISV	Exit	FISERV	$0	–	-91,539	–	-3.57%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-107,545	–	-3.64%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-61,434	–	-3.73%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-83,435	–	-3.91%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-95,720	–	-3.92%	–
AAPL	Exit	APPLE INC	$0	–	-51,583	–	-4.35%	–
MA	Exit	MASTERCARD	$0	–	-43,363	–	-4.44%	–

Q3 2019

			Value		Shares		↓ Weighting
MA	Sell	MASTERCARD	$11,778,000	-6.3%	43,363	-8.8%	4.44%	-5.0%
AAPL	Sell	APPLE INC	$11,552,000	+11.4%	51,583	-1.6%	4.35%	+13.0%
NSRGY	Sell	NESTLE SA ADR	$10,394,000	+1.6%	95,720	-3.2%	3.92%	+3.1%
PG	Buy	PROCTER & GAMBLE	$10,379,000	+19.4%	83,435	+5.2%	3.91%	+21.1%
ADP	Sell	AUTOMATIC DATA PROCESSING	$9,915,000	-5.3%	61,434	-3.0%	3.73%	-3.9%
CNI	Sell	CANADIAN NATL RAILWAY	$9,664,000	-5.3%	107,545	-2.6%	3.64%	-4.0%
FISV	Sell	FISERV	$9,483,000	+8.1%	91,539	-4.8%	3.57%	+9.7%
GOOGL	Buy	ALPHABET INC CL A	$9,374,000	+14.8%	7,677	+1.8%	3.53%	+16.5%
ATR	Sell	APTARGROUP	$9,202,000	-7.8%	77,680	-3.3%	3.47%	-6.5%
JNJ	Sell	JOHNSON & JOHNSON	$8,935,000	-15.1%	69,051	-8.6%	3.36%	-13.9%
NVS	Buy	NOVARTIS AG ADR	$8,689,000	-2.8%	99,973	+2.1%	3.27%	-1.4%
DHR	Sell	DANAHER CORP	$8,432,000	+0.2%	58,371	-0.8%	3.18%	+1.6%
MSFT	Sell	MICROSOFT CORP	$8,385,000	+1.2%	60,300	-2.5%	3.16%	+2.6%
INTC	Sell	INTEL CORP	$8,374,000	+4.2%	162,495	-3.2%	3.15%	+5.7%
UTX	Buy	UNITED TECHNOLOGIES	$8,096,000	+13.5%	59,298	+8.3%	3.05%	+15.1%
ABT	Sell	ABBOTT LABS	$7,928,000	-2.1%	94,762	-1.6%	2.99%	-0.7%
CB	Buy	CHUBB LIMITED	$6,592,000	+9.9%	40,832	+0.3%	2.48%	+11.5%
ADI	Buy	ANALOG DEVICES	$6,401,000	-0.5%	57,284	+0.5%	2.41%	+0.9%
MMM	Sell	3M	$6,230,000	-17.2%	37,903	-12.6%	2.35%	-16.0%
HD	Buy	HOME DEPOT	$5,788,000	+15.1%	24,947	+3.1%	2.18%	+16.7%
DIS	Buy	DISNEY	$5,230,000	-1.2%	40,131	+5.9%	1.97%	+0.2%
UL	Buy	UNILEVER PLC NEW ADR	$5,205,000	-2.2%	86,620	+0.9%	1.96%	-0.8%
BRKA	Sell	BERKSHIRE HATHAWAY CL A	$4,989,000	-17.5%	16	-15.8%	1.88%	-16.4%
XLNX	Sell	XILINX	$4,815,000	-20.5%	50,212	-2.2%	1.81%	-19.3%
CVX	Buy	CHEVRON	$4,430,000	+14.1%	37,351	+19.6%	1.67%	+15.7%
	Sell	NOVOZYMES A S DKK 2.0	$4,127,000	-10.0%	98,445	-0.2%	1.55%	-8.7%
XOM	Buy	EXXON MOBIL	$4,057,000	-2.0%	57,461	+6.4%	1.53%	-0.7%
ROK	Buy	ROCKWELL AUTOMATION	$3,981,000	+5.8%	24,158	+5.2%	1.50%	+7.3%
CVS	Buy	CVS HEALTH	$3,929,000	+22.2%	62,281	+5.5%	1.48%	+24.0%
BDX	Buy	BECTON DICKINSON	$3,751,000	+64.7%	14,826	+64.1%	1.41%	+67.0%
PEP	Buy	PEPSICO	$3,303,000	+12.3%	24,088	+7.4%	1.24%	+13.9%
RHHBY	Sell	ROCHE HLDG LTD ADR	$3,075,000	+2.8%	84,443	-0.8%	1.16%	+4.2%
ILMN	Sell	ILLUMINA	$3,014,000	-19.8%	9,908	-3.0%	1.14%	-18.7%
XYL	Buy	XYLEM INC	$3,004,000	-3.6%	37,729	+1.2%	1.13%	-2.3%
PYPL	Buy	PAYPAL HOLDINGS	$2,361,000	-3.2%	22,784	+7.0%	0.89%	-1.8%
AMZN	Buy	AMAZON.COM	$2,271,000	+6.5%	1,309	+16.3%	0.86%	+8.0%
MRK	Sell	MERCK	$2,081,000	-2.8%	24,732	-3.1%	0.78%	-1.4%
MKC	Sell	MCCORMICK & CO	$1,787,000	-1.3%	11,425	-2.1%	0.67%	+0.1%
BRKB	Buy	BERKSHIRE HATHAWAY CL B	$1,695,000	+67.5%	8,150	+71.6%	0.64%	+69.7%
EMR	Sell	EMERSON ELECTRIC	$1,429,000	-0.6%	21,372	-0.9%	0.54%	+0.7%
V	Sell	VISA	$1,201,000	-5.6%	6,975	-4.8%	0.45%	-4.2%
FTV	Sell	FORTIVE CORP	$983,000	-37.9%	14,344	-26.3%	0.37%	-37.1%
ESBA	Sell	EMPIRE STATE REALTY OP LP	$940,000	-10.6%	66,073	-7.0%	0.35%	-9.5%
IPGP	Buy	IPG PHOTONICS	$837,000	-9.7%	6,172	+2.8%	0.32%	-8.4%
EOG	Sell	EOG RESOURCES	$777,000	-75.7%	10,464	-69.5%	0.29%	-75.3%
CAT	Buy	CATERPILLAR	$758,000	+73.9%	6,000	+87.5%	0.28%	+75.9%
UNP	Sell	UNION PACIFIC	$680,000	-7.7%	4,200	-3.6%	0.26%	-6.6%
CL	Sell	COLGATE-PALMOLIVE	$630,000	-0.9%	8,567	-3.4%	0.24%	+0.4%
ORCL	Sell	ORACLE	$548,000	-35.7%	9,975	-33.3%	0.21%	-34.8%
BMY	Sell	BRISTOL-MYERS SQUIBB	$534,000	+1.1%	10,560	-9.4%	0.20%	+2.6%
PFE	Sell	PFIZER	$517,000	-20.2%	14,396	-3.8%	0.20%	-19.1%
ECL	Buy	ECOLAB INC	$486,000	+12.0%	2,450	+11.4%	0.18%	+13.7%
CSCO	Sell	CISCO SYS INC	$487,000	-13.2%	9,845	-3.9%	0.18%	-12.0%
DE	Sell	DEERE & CO	$462,000	-4.3%	2,735	-6.0%	0.17%	-2.8%
	Buy	ORSTED A S	$410,000	+12.6%	4,425	+4.7%	0.15%	+14.1%
DOV	Sell	DOVER CORP	$398,000	-2.9%	4,000	-2.4%	0.15%	-1.3%
LLY	Sell	ELI LILLY & CO	$390,000	+0.3%	3,487	-0.7%	0.15%	+2.1%
STT	Sell	STATE STREET	$232,000	-25.2%	3,937	-28.9%	0.09%	-24.3%
HON	Sell	HONEYWELL INTL	$212,000	-10.9%	1,253	-8.1%	0.08%	-9.1%
PBA	Sell	PEMBINA PIPELINE CO	$210,000	-8.3%	5,650	-8.1%	0.08%	-7.1%
SJM	Exit	SMUCKER J M	$0	–	-1,810	–	-0.08%	–
CELG	Exit	CELGENE CORP	$0	–	-2,324	–	-0.08%	–
FDS	Exit	FACTSET RESH SYS	$0	–	-750	–	-0.08%	–
FB	Exit	FACEBOOK INC	$0	–	-1,225	–	-0.09%	–
HP	Exit	HELMERICH & PAYNE	$0	–	-4,850	–	-0.09%	–
	Exit	FIDELITY 500 INDEX FUND FUNDequity mutual fu	$0	–	-2,600	–	-0.10%	–
ALC	Exit	ALCON INC	$0	–	-9,187	–	-0.21%	–

Q2 2019

			Value		Shares		↓ Weighting
MA	New	MASTERCARD	$12,571,000	–	47,523	–	4.67%	–
JNJ	New	JOHNSON & JOHNSON	$10,524,000	–	75,561	–	3.91%	–
ADP	New	AUTOMATIC DATA PROCESSING	$10,465,000	–	63,314	–	3.89%	–
AAPL	New	APPLE INC	$10,369,000	–	52,396	–	3.85%	–
NSRGY	New	NESTLE SA ADR	$10,226,000	–	98,883	–	3.80%	–
CNI	New	CANADIAN NATL RAILWAY	$10,210,000	–	110,407	–	3.79%	–
ATR	New	APTARGROUP	$9,985,000	–	80,304	–	3.71%	–
NVS	New	NOVARTIS AG ADR	$8,939,000	–	97,908	–	3.32%	–
FISV	New	FISERV	$8,769,000	–	96,186	–	3.26%	–
PG	New	PROCTER & GAMBLE	$8,695,000	–	79,297	–	3.23%	–
DHR	New	DANAHER CORP	$8,414,000	–	58,865	–	3.12%	–
MSFT	New	MICROSOFT CORP	$8,288,000	–	61,868	–	3.08%	–
GOOGL	New	ALPHABET INC CL A	$8,163,000	–	7,540	–	3.03%	–
ABT	New	ABBOTT LABS	$8,099,000	–	96,297	–	3.01%	–
INTC	New	INTEL CORP	$8,034,000	–	167,823	–	2.98%	–
MMM	New	3M	$7,520,000	–	43,384	–	2.79%	–
UTX	New	UNITED TECHNOLOGIES	$7,131,000	–	54,770	–	2.65%	–
ADI	New	ANALOG DEVICES	$6,436,000	–	57,020	–	2.39%	–
XLNX	New	XILINX	$6,056,000	–	51,348	–	2.25%	–
BRKA	New	BERKSHIRE HATHAWAY CL A	$6,049,000	–	19	–	2.25%	–
CB	New	CHUBB LIMITED	$5,997,000	–	40,721	–	2.23%	–
UL	New	UNILEVER PLC NEW ADR	$5,321,000	–	85,863	–	1.98%	–
DIS	New	DISNEY	$5,293,000	–	37,893	–	1.97%	–
HD	New	HOME DEPOT	$5,030,000	–	24,192	–	1.87%	–
	New	NOVOZYMES A S DKK 2.0	$4,586,000	–	98,660	–	1.70%	–
XOM	New	EXXON MOBIL	$4,141,000	–	54,028	–	1.54%	–
CVX	New	CHEVRON	$3,884,000	–	31,222	–	1.44%	–
ROK	New	ROCKWELL AUTOMATION	$3,761,000	–	22,954	–	1.40%	–
ILMN	New	ILLUMINA	$3,759,000	–	10,213	–	1.40%	–
CVS	New	CVS HEALTH	$3,215,000	–	59,032	–	1.19%	–
EOG	New	EOG RESOURCES	$3,200,000	–	34,342	–	1.19%	–
XYL	New	XYLEM INC	$3,117,000	–	37,292	–	1.16%	–
RHHBY	New	ROCHE HLDG LTD ADR	$2,990,000	–	85,163	–	1.11%	–
PEP	New	PEPSICO	$2,941,000	–	22,431	–	1.09%	–
PYPL	New	PAYPAL HOLDINGS	$2,438,000	–	21,295	–	0.90%	–
BDX	New	BECTON DICKINSON	$2,277,000	–	9,035	–	0.85%	–
MRK	New	MERCK	$2,141,000	–	25,532	–	0.80%	–
AMZN	New	AMAZON.COM	$2,133,000	–	1,126	–	0.79%	–
MKC	New	MCCORMICK & CO	$1,810,000	–	11,675	–	0.67%	–
OZK	New	BANK OZK	$1,638,000	–	54,430	–	0.61%	–
FTV	New	FORTIVE CORP	$1,584,000	–	19,450	–	0.59%	–
EMR	New	EMERSON ELECTRIC	$1,438,000	–	21,572	–	0.53%	–
V	New	VISA	$1,272,000	–	7,325	–	0.47%	–
ABBV	New	ABBVIE	$1,206,000	–	16,576	–	0.45%	–
	New	MUNICH RE GROUP	$1,129,000	–	4,486	–	0.42%	–
ESBA	New	EMPIRE STATE REALTY OP LP	$1,052,000	–	71,073	–	0.39%	–
RDSA	New	ROYAL DUTCH SHELL PLC SPONS	$1,015,000	–	15,600	–	0.38%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$1,012,000	–	4,750	–	0.38%	–
IPGP	New	IPG PHOTONICS	$927,000	–	6,005	–	0.34%	–
ORCL	New	ORACLE	$852,000	–	14,950	–	0.32%	–
UNP	New	UNION PACIFIC	$737,000	–	4,356	–	0.27%	–
PFE	New	PFIZER	$648,000	–	14,963	–	0.24%	–
CL	New	COLGATE-PALMOLIVE	$636,000	–	8,867	–	0.24%	–
ALC	New	ALCON INC	$570,000	–	9,187	–	0.21%	–
CSCO	New	CISCO SYS INC	$561,000	–	10,245	–	0.21%	–
BMY	New	BRISTOL-MYERS SQUIBB	$528,000	–	11,660	–	0.20%	–
TXN	New	TEXAS INSTRUMENTS	$505,000	–	4,400	–	0.19%	–
VRTX	New	VERTEX PHARMACEUTICALS	$504,000	–	2,750	–	0.19%	–
DE	New	DEERE & CO	$483,000	–	2,910	–	0.18%	–
SYY	New	SYSCO	$466,000	–	6,600	–	0.17%	–
CAT	New	CATERPILLAR	$436,000	–	3,200	–	0.16%	–
ECL	New	ECOLAB INC	$434,000	–	2,200	–	0.16%	–
IDXX	New	IDEXX CORP	$413,000	–	1,500	–	0.15%	–
DOV	New	DOVER CORP	$410,000	–	4,100	–	0.15%	–
LLY	New	ELI LILLY & CO	$389,000	–	3,512	–	0.14%	–
GILD	New	GILEAD SCIENCES	$375,000	–	5,545	–	0.14%	–
	New	ORSTED A S	$364,000	–	4,225	–	0.14%	–
NVO	New	NOVO NORDISK A S ADR	$342,000	–	6,700	–	0.13%	–
PAYX	New	PAYCHEX	$321,000	–	3,900	–	0.12%	–
STT	New	STATE STREET	$310,000	–	5,537	–	0.12%	–
WFC	New	WELLS FARGO	$308,000	–	6,500	–	0.11%	–
	New	FIDELITY 500 INDEX FUND FUNDequity mutual fu	$267,000	–	2,600	–	0.10%	–
BMO	New	BANK OF MONTREAL	$264,000	–	3,500	–	0.10%	–
FIS	New	FIDELITY NATL INFO SVCS	$258,000	–	2,100	–	0.10%	–
AXP	New	AMERICAN EXPRESS	$247,000	–	2,000	–	0.09%	–
SU	New	SUNCOR ENERGY	$249,000	–	8,000	–	0.09%	–
HP	New	HELMERICH & PAYNE	$245,000	–	4,850	–	0.09%	–
FB	New	FACEBOOK INC	$236,000	–	1,225	–	0.09%	–
HON	New	HONEYWELL INTL	$238,000	–	1,363	–	0.09%	–
PBA	New	PEMBINA PIPELINE CO	$229,000	–	6,150	–	0.08%	–
	New	KERRY GROUP PLC	$218,000	–	1,825	–	0.08%	–
FDS	New	FACTSET RESH SYS	$215,000	–	750	–	0.08%	–
CELG	New	CELGENE CORP	$214,000	–	2,324	–	0.08%	–
KO	New	COCA COLA	$210,000	–	4,125	–	0.08%	–
SJM	New	SMUCKER J M	$208,000	–	1,810	–	0.08%	–
GE	New	GENERAL ELECTRIC	$108,000	–	10,398	–	0.04%	–

Q4 2018

			Value		Shares		↓ Weighting
FB	Exit	FACEBOOK INC	$0	–	-1,275	–	-0.08%	–
NSC	Exit	NORFOLK SOUTHERN	$0	–	-1,215	–	-0.08%	–
HON	Exit	HONEYWELL INTL	$0	–	-1,363	–	-0.08%	–
FIS	Exit	FIDELITY NATL INFO SVCS	$0	–	-2,100	–	-0.09%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-20,237	–	-0.09%	–
CAT	Exit	CATERPILLAR	$0	–	-1,500	–	-0.09%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-6,825	–	-0.09%	–
MKTX	Exit	MARKETAXESS HOLDINGS INC	$0	–	-1,315	–	-0.09%	–
EFX	Exit	EQUIFAX	$0	–	-1,850	–	-0.09%	–
KO	Exit	COCA COLA	$0	–	-5,425	–	-0.10%	–
BDX	Exit	BECTON DICKINSON	$0	–	-975	–	-0.10%	–
	Exit	ORSTED A S	$0	–	-4,150	–	-0.11%	–
BMO	Exit	BANK OF MONTREAL	$0	–	-3,500	–	-0.11%	–
	Exit	KERRY GROUP PLC	$0	–	-2,825	–	-0.12%	–
PAYX	Exit	PAYCHEX	$0	–	-4,300	–	-0.12%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-6,251	–	-0.15%	–
HP	Exit	HELMERICH & PAYNE	$0	–	-6,050	–	-0.16%	–
NVO	Exit	NOVO NORDISK A S ADR	$0	–	-8,950	–	-0.16%	–
DOV	Exit	DOVER CORP	$0	–	-4,800	–	-0.16%	–
WFC	Exit	WELLS FARGO	$0	–	-8,500	–	-0.17%	–
IPGP	Exit	IPG PHOTONICS	$0	–	-2,950	–	-0.17%	–
QCOM	Exit	QUALCOMM	$0	–	-6,475	–	-0.18%	–
DE	Exit	DEERE & CO	$0	–	-3,335	–	-0.19%	–
DIS	Exit	DISNEY	$0	–	-4,325	–	-0.19%	–
STT	Exit	STATE STREET	$0	–	-6,343	–	-0.20%	–
CSCO	Exit	CISCO SYS INC	$0	–	-11,045	–	-0.20%	–
LLY	Exit	ELI LILLY & CO	$0	–	-4,993	–	-0.20%	–
VRTX	Exit	VERTEX PHARMACEUTICALS	$0	–	-3,000	–	-0.22%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-10,042	–	-0.25%	–
PFE	Exit	PFIZER	$0	–	-16,288	–	-0.27%	–
SJM	Exit	SMUCKER J M	$0	–	-8,362	–	-0.32%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET ET	$0	–	-6,000	–	-0.34%	–
UNP	Exit	UNION PACIFIC	$0	–	-5,558	–	-0.34%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-14,960	–	-0.35%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL B	$0	–	-4,750	–	-0.38%	–
PYPL	Exit	PAYPAL HOLDINGS	$0	–	-11,597	–	-0.38%	–
	Exit	MUNICH RE GROUP	$0	–	-4,786	–	-0.40%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC SPONS	$0	–	-16,100	–	-0.41%	–
SLB	Exit	SCHLUMBERGER	$0	–	-18,424	–	-0.42%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-15,399	–	-0.45%	–
ESBA	Exit	EMPIRE STATE REALTY OP LP	$0	–	-78,323	–	-0.49%	–
V	Exit	VISA	$0	–	-9,540	–	-0.54%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-19,549	–	-0.56%	–
MKC	Exit	MCCORMICK & CO	$0	–	-11,770	–	-0.58%	–
ABBV	Exit	ABBVIE	$0	–	-17,176	–	-0.61%	–
FTV	Exit	FORTIVE CORP	$0	–	-20,233	–	-0.64%	–
CELG	Exit	CELGENE CORP	$0	–	-22,805	–	-0.77%	–
MRK	Exit	MERCK	$0	–	-29,052	–	-0.78%	–
ORCL	Exit	ORACLE	$0	–	-45,476	–	-0.88%	–
OZK	Exit	BANK OZK	$0	–	-63,430	–	-0.91%	–
PEP	Exit	PEPSICO	$0	–	-22,787	–	-0.96%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-97,222	–	-1.11%	–
XYL	Exit	XYLEM INC	$0	–	-37,785	–	-1.14%	–
CVX	Exit	CHEVRON	$0	–	-25,057	–	-1.16%	–
EOG	Exit	EOG RESOURCES	$0	–	-24,250	–	-1.17%	–
ILMN	Exit	ILLUMINA	$0	–	-10,303	–	-1.43%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-23,186	–	-1.64%	–
XLNX	Exit	XILINX	$0	–	-57,360	–	-1.74%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-86,399	–	-1.79%	–
HD	Exit	HOME DEPOT	$0	–	-23,089	–	-1.80%	–
CVS	Exit	CVS HEALTH	$0	–	-67,128	–	-1.99%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-101,470	–	-2.10%	–
ADI	Exit	ANALOG DEVICES	$0	–	-62,970	–	-2.20%	–
XOM	Exit	EXXON MOBIL	$0	–	-71,260	–	-2.29%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL A	$0	–	-19	–	-2.29%	–
DHR	Exit	DANAHER CORP	$0	–	-59,992	–	-2.46%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-79,575	–	-2.50%	–
CB	Exit	CHUBB LIMITED	$0	–	-49,965	–	-2.52%	–
UTX	Exit	UNITED TECHNOLOGIES	$0	–	-51,490	–	-2.72%	–
ABT	Exit	ABBOTT LABS	$0	–	-98,934	–	-2.74%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-70,856	–	-3.06%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-96,062	–	-3.12%	–
FISV	Exit	FISERV	$0	–	-101,835	–	-3.16%	–
INTC	Exit	INTEL CORP	$0	–	-177,751	–	-3.17%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-106,994	–	-3.36%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-7,621	–	-3.47%	–
ATR	Exit	APTARGROUP	$0	–	-85,413	–	-3.47%	–
MMM	Exit	3M	$0	–	-43,886	–	-3.49%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-66,966	–	-3.81%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-112,682	–	-3.82%	–
MA	Exit	MASTERCARD	$0	–	-53,213	–	-4.47%	–
AAPL	Exit	APPLE INC	$0	–	-52,610	–	-4.48%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-86,724	–	-4.52%	–

Q3 2018

			Value		Shares		↓ Weighting
JNJ	Sell	JOHNSON & JOHNSON	$11,983,000	+13.1%	86,724	-0.7%	4.52%	+0.8%
AAPL	Sell	APPLE INC	$11,878,000	+20.8%	52,610	-0.9%	4.48%	+7.7%
MA	Sell	MASTERCARD	$11,844,000	+7.8%	53,213	-4.8%	4.47%	-4.0%
CNI	Buy	CANADIAN NATL RAILWAY	$10,120,000	+11.0%	112,682	+1.1%	3.82%	-1.1%
ADP	Sell	AUTOMATIC DATA PROCESSING	$10,089,000	+6.3%	66,966	-5.3%	3.81%	-5.3%
MMM	Buy	3M	$9,246,000	+14.1%	43,886	+6.6%	3.49%	+1.7%
ATR	Sell	APTARGROUP	$9,202,000	+12.3%	85,413	-2.6%	3.47%	+0.1%
GOOGL	Buy	ALPHABET INC CL A	$9,200,000	+7.5%	7,621	+0.6%	3.47%	-4.2%
NSRGY	Buy	NESTLE SA ADR	$8,902,000	+10.5%	106,994	+2.9%	3.36%	-1.5%
INTC	Sell	INTEL CORP	$8,405,000	-8.7%	177,751	-4.0%	3.17%	-18.7%
FISV	Sell	FISERV	$8,388,000	+8.5%	101,835	-2.4%	3.16%	-3.3%
NVS	Buy	NOVARTIS AG ADR	$8,278,000	+16.1%	96,062	+1.8%	3.12%	+3.5%
MSFT	Sell	MICROSOFT CORP	$8,104,000	+9.6%	70,856	-5.5%	3.06%	-2.4%
ABT	Buy	ABBOTT LABS	$7,257,000	+21.6%	98,934	+1.1%	2.74%	+8.3%
UTX	Buy	UNITED TECHNOLOGIES	$7,200,000	+13.9%	51,490	+1.9%	2.72%	+1.5%
CB	Buy	CHUBB LIMITED	$6,678,000	+8.0%	49,965	+2.7%	2.52%	-3.7%
PG	Sell	PROCTER & GAMBLE	$6,621,000	+4.7%	79,575	-1.8%	2.50%	-6.7%
DHR	Buy	DANAHER CORP	$6,521,000	+13.4%	59,992	+3.0%	2.46%	+1.1%
BRKA	New	BERKSHIRE HATHAWAY CL A	$6,080,000	–	19	–	2.29%	–
XOM	Sell	EXXON MOBIL	$6,060,000	+1.3%	71,260	-1.4%	2.29%	-9.8%
ADI	Buy	ANALOG DEVICES	$5,820,000	-1.7%	62,970	+2.0%	2.20%	-12.4%
	Sell	NOVOZYMES A S DKK 2.0	$5,552,000	+5.8%	101,470	-2.0%	2.10%	-5.7%
CVS	Sell	CVS HEALTH	$5,283,000	+21.2%	67,128	-0.9%	1.99%	+8.0%
HD	Buy	HOME DEPOT	$4,782,000	+7.0%	23,089	+0.8%	1.80%	-4.7%
UL	Buy	UNILEVER PLC NEW ADR	$4,748,000	+8.8%	86,399	+9.5%	1.79%	-3.0%
XLNX	Sell	XILINX	$4,598,000	+21.3%	57,360	-1.2%	1.74%	+8.1%
ROK	Buy	ROCKWELL AUTOMATION	$4,349,000	+19.8%	23,186	+6.2%	1.64%	+6.8%
ILMN	Buy	ILLUMINA	$3,782,000	+33.7%	10,303	+1.8%	1.43%	+19.2%
EOG	Buy	EOG RESOURCES	$3,094,000	+3.7%	24,250	+1.1%	1.17%	-7.7%
CVX	Buy	CHEVRON	$3,064,000	-1.4%	25,057	+1.9%	1.16%	-12.1%
XYL	Sell	XYLEM INC	$3,019,000	+18.2%	37,785	-0.3%	1.14%	+5.3%
RHHBY	Sell	ROCHE HLDG LTD ADR	$2,932,000	-6.4%	97,222	-14.3%	1.11%	-16.7%
OZK	New	BANK OZK	$2,408,000	–	63,430	–	0.91%	–
ORCL	Sell	ORACLE	$2,344,000	-7.1%	45,476	-20.5%	0.88%	-17.2%
MRK	Sell	MERCK	$2,062,000	+13.7%	29,052	-2.8%	0.78%	+1.3%
CELG	Buy	CELGENE CORP	$2,041,000	+51.3%	22,805	+34.4%	0.77%	+34.9%
ABBV	Sell	ABBVIE	$1,625,000	-0.8%	17,176	-2.8%	0.61%	-11.7%
EMR	Sell	EMERSON ELECTRIC	$1,497,000	+9.3%	19,549	-1.3%	0.56%	-2.6%
V	Sell	VISA	$1,431,000	+11.0%	9,540	-2.1%	0.54%	-1.1%
ESBA	Sell	EMPIRE STATE REALTY OP LP	$1,306,000	-2.8%	78,323	-0.3%	0.49%	-13.4%
GILD	Sell	GILEAD SCIENCES	$1,190,000	-20.0%	15,399	-26.7%	0.45%	-28.7%
SLB	Buy	SCHLUMBERGER	$1,123,000	+29.1%	18,424	+42.1%	0.42%	+15.2%
BRKB	Sell	BERKSHIRE HATHAWAY CL B	$1,017,000	+12.4%	4,750	-2.1%	0.38%	+0.3%
PYPL	New	PAYPAL HOLDINGS	$1,019,000	–	11,597	–	0.38%	–
VTI	Sell	VANGUARD TOTAL STOCK MARKET ET	$898,000	-1.6%	6,000	-7.7%	0.34%	-12.4%
SJM	Sell	SMUCKER J M	$859,000	-34.7%	8,362	-31.7%	0.32%	-41.8%
PFE	Sell	PFIZER	$718,000	+20.7%	16,288	-0.6%	0.27%	+7.5%
CL	Sell	COLGATE-PALMOLIVE	$671,000	-6.5%	10,042	-9.3%	0.25%	-16.8%
LLY	Sell	ELI LILLY & CO	$537,000	+20.9%	4,993	-4.1%	0.20%	+8.0%
CSCO	Sell	CISCO SYS INC	$537,000	+9.6%	11,045	-3.1%	0.20%	-1.9%
STT	Sell	STATE STREET	$532,000	-15.3%	6,343	-6.0%	0.20%	-24.4%
DIS	New	DISNEY	$507,000	–	4,325	–	0.19%	–
QCOM	Sell	QUALCOMM	$467,000	-3.9%	6,475	-25.3%	0.18%	-14.6%
IPGP	Buy	IPG PHOTONICS	$460,000	-6.9%	2,950	+31.8%	0.17%	-16.7%
WFC	Sell	WELLS FARGO	$447,000	-7.8%	8,500	-2.9%	0.17%	-17.6%
NVO	Sell	NOVO NORDISK A S ADR	$422,000	-5.4%	8,950	-7.3%	0.16%	-15.9%
DWDP	Buy	DOWDUPONT INC	$402,000	+2.6%	6,251	+5.0%	0.15%	-8.4%
PAYX	Sell	PAYCHEX	$317,000	+2.9%	4,300	-4.4%	0.12%	-7.7%
	New	ORSTED A S	$280,000	–	4,150	–	0.11%	–
PBA	Sell	PEMBINA PIPELINE CO	$232,000	-2.1%	6,825	-0.4%	0.09%	-12.0%
GE	Sell	GENERAL ELECTRIC	$228,000	-21.6%	20,237	-5.2%	0.09%	-30.1%
HON	New	HONEYWELL INTL	$224,000	–	1,363	–	0.08%	–
NSC	New	NORFOLK SOUTHERN	$219,000	–	1,215	–	0.08%	–
OZRK	Exit	BANK OF THE OZARKS	$0	–	-66,430	–	-1.27%	–

Q2 2018

			Value		Shares		↓ Weighting
MA	New	MASTERCARD	$10,989,000	–	55,913	–	4.65%	–
JNJ	New	JOHNSON & JOHNSON	$10,594,000	–	87,307	–	4.48%	–
AAPL	New	APPLE INC	$9,831,000	–	53,108	–	4.16%	–
ADP	New	AUTOMATIC DATA PROCESSING	$9,487,000	–	70,726	–	4.02%	–
INTC	New	INTEL CORP	$9,209,000	–	185,228	–	3.90%	–
CNI	New	CANADIAN NATL RAILWAY	$9,115,000	–	111,508	–	3.86%	–
GOOGL	New	ALPHABET INC CL A	$8,557,000	–	7,578	–	3.62%	–
ATR	New	APTARGROUP	$8,193,000	–	87,732	–	3.47%	–
MMM	New	3M	$8,102,000	–	41,180	–	3.43%	–
NSRGY	New	NESTLE SA ADR	$8,055,000	–	104,018	–	3.41%	–
FISV	New	FISERV	$7,729,000	–	104,311	–	3.27%	–
MSFT	New	MICROSOFT CORP	$7,397,000	–	75,006	–	3.13%	–
NVS	New	NOVARTIS AG ADR	$7,127,000	–	94,341	–	3.02%	–
PG	New	PROCTER & GAMBLE	$6,324,000	–	81,004	–	2.68%	–
UTX	New	UNITED TECHNOLOGIES	$6,320,000	–	50,540	–	2.68%	–
CB	New	CHUBB LIMITED	$6,181,000	–	48,659	–	2.62%	–
XOM	New	EXXON MOBIL	$5,983,000	–	72,302	–	2.53%	–
ABT	New	ABBOTT LABS	$5,969,000	–	97,894	–	2.53%	–
ADI	New	ANALOG DEVICES	$5,921,000	–	61,719	–	2.51%	–
DHR	New	DANAHER CORP	$5,748,000	–	58,255	–	2.43%	–
	New	NOVOZYMES A S DKK 2.0	$5,247,000	–	103,570	–	2.22%	–
HD	New	HOME DEPOT	$4,470,000	–	22,910	–	1.89%	–
UL	New	UNILEVER PLC NEW ADR	$4,363,000	–	78,921	–	1.85%	–
CVS	New	CVS HEALTH	$4,360,000	–	67,749	–	1.85%	–
XLNX	New	XILINX	$3,790,000	–	58,050	–	1.60%	–
ROK	New	ROCKWELL AUTOMATION	$3,629,000	–	21,834	–	1.54%	–
RHHBY	New	ROCHE HLDG LTD ADR	$3,133,000	–	113,419	–	1.33%	–
CVX	New	CHEVRON	$3,107,000	–	24,582	–	1.32%	–
OZRK	New	BANK OF THE OZARKS	$2,992,000	–	66,430	–	1.27%	–
EOG	New	EOG RESOURCES	$2,985,000	–	23,998	–	1.26%	–
ILMN	New	ILLUMINA	$2,828,000	–	10,123	–	1.20%	–
XYL	New	XYLEM INC	$2,555,000	–	37,910	–	1.08%	–
ORCL	New	ORACLE	$2,522,000	–	57,226	–	1.07%	–
PEP	New	PEPSICO	$2,479,000	–	22,787	–	1.05%	–
MRK	New	MERCK	$1,814,000	–	29,902	–	0.77%	–
ABBV	New	ABBVIE	$1,638,000	–	17,676	–	0.69%	–
FTV	New	FORTIVE CORP	$1,560,000	–	20,233	–	0.66%	–
GILD	New	GILEAD SCIENCES	$1,488,000	–	20,998	–	0.63%	–
EMR	New	EMERSON ELECTRIC	$1,369,000	–	19,814	–	0.58%	–
MKC	New	MCCORMICK & CO	$1,366,000	–	11,770	–	0.58%	–
CELG	New	CELGENE CORP	$1,349,000	–	16,973	–	0.57%	–
ESBA	New	EMPIRE STATE REALTY OP LP	$1,343,000	–	78,573	–	0.57%	–
SJM	New	SMUCKER J M	$1,316,000	–	12,237	–	0.56%	–
V	New	VISA	$1,289,000	–	9,740	–	0.55%	–
RDSA	New	ROYAL DUTCH SHELL PLC SPONS	$1,115,000	–	16,100	–	0.47%	–
	New	MUNICH RE GROUP	$1,013,000	–	4,786	–	0.43%	–
VTI	New	VANGUARD TOTAL STOCK MARKET ET	$913,000	–	6,500	–	0.39%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$905,000	–	4,850	–	0.38%	–
SLB	New	SCHLUMBERGER	$870,000	–	12,964	–	0.37%	–
BMY	New	BRISTOL-MYERS SQUIBB	$828,000	–	14,960	–	0.35%	–
UNP	New	UNION PACIFIC	$788,000	–	5,558	–	0.33%	–
CL	New	COLGATE-PALMOLIVE	$718,000	–	11,072	–	0.30%	–
STT	New	STATE STREET	$628,000	–	6,749	–	0.27%	–
PFE	New	PFIZER	$595,000	–	16,388	–	0.25%	–
VRTX	New	VERTEX PHARMACEUTICALS	$510,000	–	3,000	–	0.22%	–
IPGP	New	IPG PHOTONICS	$494,000	–	2,238	–	0.21%	–
CSCO	New	CISCO SYS INC	$490,000	–	11,395	–	0.21%	–
QCOM	New	QUALCOMM	$486,000	–	8,670	–	0.21%	–
WFC	New	WELLS FARGO	$485,000	–	8,750	–	0.20%	–
DE	New	DEERE & CO	$466,000	–	3,335	–	0.20%	–
NVO	New	NOVO NORDISK A S ADR	$446,000	–	9,650	–	0.19%	–
LLY	New	ELI LILLY & CO	$444,000	–	5,205	–	0.19%	–
DWDP	New	DOWDUPONT INC	$392,000	–	5,951	–	0.17%	–
HP	New	HELMERICH & PAYNE	$386,000	–	6,050	–	0.16%	–
DOV	New	DOVER CORP	$351,000	–	4,800	–	0.15%	–
PAYX	New	PAYCHEX	$308,000	–	4,500	–	0.13%	–
	New	KERRY GROUP PLC	$296,000	–	2,825	–	0.12%	–
GE	New	GENERAL ELECTRIC	$291,000	–	21,337	–	0.12%	–
BMO	New	BANK OF MONTREAL	$270,000	–	3,500	–	0.11%	–
MKTX	New	MARKETAXESS HOLDINGS INC	$260,000	–	1,315	–	0.11%	–
FB	New	FACEBOOK INC	$247,000	–	1,275	–	0.10%	–
KO	New	COCA COLA	$238,000	–	5,425	–	0.10%	–
PBA	New	PEMBINA PIPELINE CO	$237,000	–	6,850	–	0.10%	–
BDX	New	BECTON DICKINSON	$234,000	–	975	–	0.10%	–
EFX	New	EQUIFAX	$231,000	–	1,850	–	0.10%	–
FIS	New	FIDELITY NATL INFO SVCS	$223,000	–	2,100	–	0.09%	–
CAT	New	CATERPILLAR	$204,000	–	1,500	–	0.09%	–

Q4 2017

			Value		Shares		↓ Weighting
LECO	Exit	LINCOLN ELECTRIC HOLDINGS	$0	–	-2,200	–	-0.10%	–
COST	Exit	COSTCO WHOLESALE	$0	–	-1,260	–	-0.11%	–
MKTX	Exit	MARKETAXESS HOLDINGS INC	$0	–	-1,135	–	-0.11%	–
NXPI	Exit	NXP SEMICONDUCTORS	$0	–	-1,875	–	-0.11%	–
BDX	Exit	BECTON DICKINSON	$0	–	-1,100	–	-0.11%	–
ANSS	Exit	ANSYS INC	$0	–	-1,750	–	-0.11%	–
FB	Exit	FACEBOOK INC	$0	–	-1,275	–	-0.11%	–
UFPI	Exit	UNIVERSAL FOREST PRODUCTS	$0	–	-2,400	–	-0.12%	–
ETN	Exit	EATON CORP	$0	–	-3,400	–	-0.14%	–
BMO	Exit	BANK OF MONTREAL	$0	–	-3,500	–	-0.14%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-9,400	–	-0.17%	–
PAYX	Exit	PAYCHEX	$0	–	-6,475	–	-0.20%	–
QCOM	Exit	QUALCOMM	$0	–	-7,745	–	-0.21%	–
NVO	Exit	NOVO NORDISK A S ADR	$0	–	-8,600	–	-0.22%	–
PFE	Exit	PFIZER	$0	–	-11,750	–	-0.22%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-6,230	–	-0.22%	–
DE	Exit	DEERE & CO	$0	–	-3,500	–	-0.23%	–
HON	Exit	HONEYWELL INTL	$0	–	-3,284	–	-0.24%	–
DOV	Exit	DOVER CORP	$0	–	-5,200	–	-0.25%	–
HP	Exit	HELMERICH & PAYNE	$0	–	-9,820	–	-0.27%	–
CSCO	Exit	CISCO SYS INC	$0	–	-16,295	–	-0.28%	–
WFC	Exit	WELLS FARGO	$0	–	-10,000	–	-0.29%	–
IPGP	Exit	IPG PHOTONICS	$0	–	-3,040	–	-0.29%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-8,207	–	-0.31%	–
STT	Exit	STATE STREET	$0	–	-7,049	–	-0.35%	–
	Exit	MUNICH RE GROUP	$0	–	-3,250	–	-0.36%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-11,200	–	-0.37%	–
UNP	Exit	UNION PACIFIC	$0	–	-6,200	–	-0.37%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC SPONS	$0	–	-12,800	–	-0.40%	–
FTV	Exit	FORTIVE CORP	$0	–	-12,445	–	-0.46%	–
EOG	Exit	EOG RESOURCES	$0	–	-9,455	–	-0.48%	–
MKC	Exit	MCCORMICK & CO	$0	–	-8,975	–	-0.48%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL B	$0	–	-5,450	–	-0.52%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET ET	$0	–	-8,000	–	-0.54%	–
V	Exit	VISA	$0	–	-10,320	–	-0.56%	–
ILMN	Exit	ILLUMINA	$0	–	-6,015	–	-0.62%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-15,846	–	-0.67%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-21,084	–	-0.69%	–
ABBV	Exit	ABBVIE	$0	–	-17,226	–	-0.80%	–
SLB	Exit	SCHLUMBERGER	$0	–	-23,792	–	-0.86%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-70,724	–	-0.89%	–
ESBA	Exit	EMPIRE STATE REALTY OP LP	$0	–	-84,573	–	-0.90%	–
MRK	Exit	MERCK	$0	–	-28,432	–	-0.95%	–
XYL	Exit	XYLEM INC	$0	–	-29,395	–	-0.96%	–
SJM	Exit	SMUCKER J M	$0	–	-19,797	–	-1.08%	–
ORCL	Exit	ORACLE	$0	–	-52,450	–	-1.32%	–
PEP	Exit	PEPSICO	$0	–	-22,886	–	-1.33%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-14,480	–	-1.34%	–
XLNX	Exit	XILINX	$0	–	-37,520	–	-1.38%	–
CVX	Exit	CHEVRON	$0	–	-22,806	–	-1.39%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-85,113	–	-1.42%	–
HD	Exit	HOME DEPOT	$0	–	-19,429	–	-1.65%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-59,423	–	-1.79%	–
DHR	Exit	DANAHER CORP	$0	–	-41,829	–	-1.87%	–
OZRK	Exit	BANK OF THE OZARKS	$0	–	-75,500	–	-1.89%	–
ADI	Exit	ANALOG DEVICES	$0	–	-44,219	–	-1.98%	–
UTX	Exit	UNITED TECHNOLOGIES	$0	–	-35,824	–	-2.16%	–
ABT	Exit	ABBOTT LABS	$0	–	-80,751	–	-2.24%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-85,985	–	-2.29%	–
CB	Exit	CHUBB LIMITED	$0	–	-35,630	–	-2.64%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-69,852	–	-2.71%	–
XOM	Exit	EXXON MOBIL	$0	–	-64,355	–	-2.74%	–
CVS	Exit	CVS HEALTH	$0	–	-68,160	–	-2.88%	–
FISV	Exit	FISERV	$0	–	-44,094	–	-2.96%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-6,111	–	-3.10%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-67,383	–	-3.19%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-72,775	–	-3.25%	–
INTC	Exit	INTEL CORP	$0	–	-165,521	–	-3.28%	–
ATR	Exit	APTARGROUP	$0	–	-73,572	–	-3.31%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-62,670	–	-3.56%	–
AAPL	Exit	APPLE INC	$0	–	-45,028	–	-3.61%	–
MA	Exit	MASTERCARD	$0	–	-49,777	–	-3.66%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-83,747	–	-3.66%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-89,756	–	-3.87%	–
MMM	Exit	3M	$0	–	-37,563	–	-4.10%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-81,528	–	-5.52%	–

Q3 2017

			Value		Shares		↓ Weighting
JNJ	Sell	JOHNSON & JOHNSON	$10,599,000	-4.4%	81,528	-2.8%	5.52%	-7.9%
MMM	Sell	3M	$7,884,000	-2.5%	37,563	-3.3%	4.10%	-6.0%
CNI	Sell	CANADIAN NATL RAILWAY	$7,435,000	+1.3%	89,756	-0.9%	3.87%	-2.3%
NSRGY	Sell	NESTLE SA ADR	$7,036,000	-5.7%	83,747	-2.1%	3.66%	-9.1%
MA	Sell	MASTERCARD	$7,029,000	+14.7%	49,777	-1.4%	3.66%	+10.6%
AAPL	Sell	APPLE INC	$6,940,000	+6.0%	45,028	-0.9%	3.61%	+2.2%
ADP	Sell	AUTOMATIC DATA PROCESSING	$6,851,000	+2.3%	62,670	-4.1%	3.56%	-1.3%
ATR	Sell	APTARGROUP	$6,352,000	-1.5%	73,572	-0.9%	3.31%	-5.0%
INTC	Sell	INTEL CORP	$6,303,000	+11.1%	165,521	-1.6%	3.28%	+7.1%
NVS	Buy	NOVARTIS AG ADR	$6,248,000	+3.2%	72,775	+0.3%	3.25%	-0.5%
PG	Sell	PROCTER & GAMBLE	$6,131,000	+4.3%	67,383	-0.1%	3.19%	+0.6%
GOOGL	Buy	ALPHABET INC CL A	$5,952,000	+5.2%	6,111	+0.4%	3.10%	+1.4%
FISV	Sell	FISERV	$5,687,000	+4.3%	44,094	-1.1%	2.96%	+0.5%
CVS	Sell	CVS HEALTH	$5,542,000	+0.9%	68,160	-0.2%	2.88%	-2.7%
XOM	Sell	EXXON MOBIL	$5,275,000	-0.6%	64,355	-2.1%	2.74%	-4.2%
MSFT	Sell	MICROSOFT CORP	$5,202,000	+6.6%	69,852	-1.3%	2.71%	+2.8%
CB	Buy	CHUBB LIMITED	$5,080,000	+1.0%	35,630	+3.0%	2.64%	-2.6%
	Sell	NOVOZYMES A S DKK 2.0	$4,403,000	+16.3%	85,985	-0.6%	2.29%	+12.1%
ABT	Buy	ABBOTT LABS	$4,310,000	+11.6%	80,751	+1.6%	2.24%	+7.6%
UTX	Buy	UNITED TECHNOLOGIES	$4,158,000	-0.6%	35,824	+4.5%	2.16%	-4.2%
ADI	Buy	ANALOG DEVICES	$3,811,000	+37.9%	44,219	+24.5%	1.98%	+33.0%
OZRK	Sell	BANK OF THE OZARKS	$3,628,000	-1.9%	75,500	-4.3%	1.89%	-5.4%
DHR	Buy	DANAHER CORP	$3,589,000	+7.9%	41,829	+6.1%	1.87%	+4.1%
UL	Buy	UNILEVER PLC NEW ADR	$3,445,000	+8.3%	59,423	+1.1%	1.79%	+4.5%
HD	Buy	HOME DEPOT	$3,177,000	+9.6%	19,429	+2.8%	1.65%	+5.7%
RHHBY	Buy	ROCHE HLDG LTD ADR	$2,723,000	+3.4%	85,113	+2.8%	1.42%	-0.4%
XLNX	Buy	XILINX	$2,656,000	+16.5%	37,520	+5.8%	1.38%	+12.4%
ROK	Sell	ROCKWELL AUTOMATION	$2,580,000	+8.7%	14,480	-1.2%	1.34%	+4.8%
PEP	Sell	PEPSICO	$2,551,000	-4.1%	22,886	-0.5%	1.33%	-7.5%
ORCL	Sell	ORACLE	$2,535,000	-6.7%	52,450	-3.2%	1.32%	-10.0%
SJM	Buy	SMUCKER J M	$2,078,000	-2.4%	19,797	+10.0%	1.08%	-6.0%
XYL	Buy	XYLEM INC	$1,840,000	+13.7%	29,395	+0.7%	0.96%	+9.7%
MRK	Sell	MERCK	$1,821,000	-1.5%	28,432	-1.4%	0.95%	-4.9%
GE	Sell	GENERAL ELECTRIC	$1,710,000	-11.0%	70,724	-0.6%	0.89%	-14.2%
SLB	Sell	SCHLUMBERGER	$1,659,000	-4.7%	23,792	-10.0%	0.86%	-8.1%
ABBV	Sell	ABBVIE	$1,531,000	+21.8%	17,226	-0.6%	0.80%	+17.6%
EMR	Sell	EMERSON ELECTRIC	$1,326,000	+0.7%	21,084	-4.5%	0.69%	-3.0%
GILD	Sell	GILEAD SCIENCES	$1,284,000	+9.6%	15,846	-4.1%	0.67%	+5.7%
ILMN	Buy	ILLUMINA	$1,198,000	+16.1%	6,015	+1.0%	0.62%	+11.8%
BRKB	Sell	BERKSHIRE HATHAWAY CL B	$1,000,000	+5.5%	5,450	-2.7%	0.52%	+1.6%
EOG	Buy	EOG RESOURCES	$914,000	+77.5%	9,455	+66.2%	0.48%	+71.2%
FTV	Buy	FORTIVE CORP	$881,000	+66.2%	12,445	+49.0%	0.46%	+60.1%
UNP	Sell	UNION PACIFIC	$719,000	-1.5%	6,200	-7.5%	0.37%	-5.1%
BMY	Sell	BRISTOL-MYERS SQUIBB	$714,000	+10.4%	11,200	-3.4%	0.37%	+6.6%
STT	Sell	STATE STREET	$674,000	0.0%	7,049	-6.2%	0.35%	-3.6%
CL	Sell	COLGATE-PALMOLIVE	$598,000	-10.5%	8,207	-8.9%	0.31%	-13.9%
IPGP	Sell	IPG PHOTONICS	$564,000	+1.3%	3,040	-20.8%	0.29%	-2.3%
WFC	Sell	WELLS FARGO	$551,000	-9.7%	10,000	-9.1%	0.29%	-12.8%
HP	Sell	HELMERICH & PAYNE	$513,000	-10.3%	9,820	-6.9%	0.27%	-13.6%
HON	Sell	HONEYWELL INTL	$465,000	+5.4%	3,284	-0.7%	0.24%	+1.7%
DE	Sell	DEERE & CO	$440,000	+1.1%	3,500	-0.7%	0.23%	-2.6%
DWDP	New	DOWDUPONT INC	$431,000	–	6,230	–	0.22%	–
NVO	Sell	NOVO NORDISK A S ADR	$414,000	+9.5%	8,600	-2.3%	0.22%	+5.4%
QCOM	Sell	QUALCOMM	$401,000	-56.7%	7,745	-53.8%	0.21%	-58.2%
PAYX	Sell	PAYCHEX	$388,000	-8.7%	6,475	-13.4%	0.20%	-11.8%
PBA	Sell	PEMBINA PIPELINE CO	$331,000	-4.3%	9,400	-10.0%	0.17%	-8.0%
FB	New	FACEBOOK INC	$217,000	–	1,275	–	0.11%	–
ANSS	Sell	ANSYS INC	$215,000	-1.8%	1,750	-2.8%	0.11%	-5.1%
NXPI	Sell	NXP SEMICONDUCTORS	$212,000	-49.2%	1,875	-50.7%	0.11%	-51.1%
KMB	Exit	KIMBERLY CLARK	$0	–	-1,550	–	-0.11%	–
DOW	Exit	DOW CHEMICAL	$0	–	-3,457	–	-0.12%	–

Q2 2017

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$11,091,000	–	83,834	–	5.99%	–
MMM	New	3M	$8,090,000	–	38,864	–	4.37%	–
NSRGY	New	NESTLE SA ADR	$7,461,000	–	85,577	–	4.03%	–
CNI	New	CANADIAN NATL RAILWAY	$7,338,000	–	90,534	–	3.96%	–
ADP	New	AUTOMATIC DATA PROCESSING	$6,694,000	–	65,344	–	3.61%	–
AAPL	New	APPLE INC	$6,546,000	–	45,458	–	3.53%	–
ATR	New	APTARGROUP	$6,450,000	–	74,257	–	3.48%	–
MA	New	MASTERCARD	$6,129,000	–	50,460	–	3.31%	–
NVS	New	NOVARTIS AG ADR	$6,054,000	–	72,525	–	3.27%	–
PG	New	PROCTER & GAMBLE	$5,876,000	–	67,423	–	3.17%	–
INTC	New	INTEL CORP	$5,675,000	–	168,171	–	3.06%	–
GOOGL	New	ALPHABET INC CL A	$5,658,000	–	6,086	–	3.05%	–
CVS	New	CVS HEALTH	$5,493,000	–	68,285	–	2.96%	–
FISV	New	FISERV	$5,455,000	–	44,584	–	2.94%	–
XOM	New	EXXON MOBIL	$5,307,000	–	65,743	–	2.86%	–
CB	New	CHUBB LIMITED	$5,029,000	–	34,595	–	2.71%	–
MSFT	New	MICROSOFT CORP	$4,879,000	–	70,795	–	2.63%	–
UTX	New	UNITED TECHNOLOGIES	$4,185,000	–	34,284	–	2.26%	–
ABT	New	ABBOTT LABS	$3,863,000	–	79,451	–	2.08%	–
	New	NOVOZYMES A S DKK 2.0	$3,787,000	–	86,485	–	2.04%	–
OZRK	New	BANK OF THE OZARKS	$3,698,000	–	78,902	–	2.00%	–
DHR	New	DANAHER CORP	$3,326,000	–	39,421	–	1.80%	–
UL	New	UNILEVER PLC NEW ADR	$3,180,000	–	58,767	–	1.72%	–
HD	New	HOME DEPOT	$2,898,000	–	18,894	–	1.56%	–
ADI	New	ANALOG DEVICES	$2,763,000	–	35,514	–	1.49%	–
ORCL	New	ORACLE	$2,716,000	–	54,175	–	1.47%	–
PEP	New	PEPSICO	$2,659,000	–	23,011	–	1.44%	–
RHHBY	New	ROCHE HLDG LTD ADR	$2,634,000	–	82,833	–	1.42%	–
CVX	New	CHEVRON	$2,380,000	–	22,806	–	1.28%	–
ROK	New	ROCKWELL AUTOMATION	$2,374,000	–	14,655	–	1.28%	–
XLNX	New	XILINX	$2,280,000	–	35,455	–	1.23%	–
SJM	New	SMUCKER J M	$2,130,000	–	18,002	–	1.15%	–
GE	New	GENERAL ELECTRIC	$1,921,000	–	71,134	–	1.04%	–
MRK	New	MERCK	$1,848,000	–	28,832	–	1.00%	–
ESBA	New	EMPIRE STATE REALTY OP LP	$1,756,000	–	84,573	–	0.95%	–
SLB	New	SCHLUMBERGER	$1,740,000	–	26,447	–	0.94%	–
XYL	New	XYLEM INC	$1,618,000	–	29,195	–	0.87%	–
EMR	New	EMERSON ELECTRIC	$1,317,000	–	22,084	–	0.71%	–
ABBV	New	ABBVIE	$1,257,000	–	17,326	–	0.68%	–
GILD	New	GILEAD SCIENCES	$1,171,000	–	16,531	–	0.63%	–
ILMN	New	ILLUMINA	$1,032,000	–	5,955	–	0.56%	–
VTI	New	VANGUARD TOTAL STOCK MARKET ET	$996,000	–	8,000	–	0.54%	–
V	New	VISA	$969,000	–	10,320	–	0.52%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$948,000	–	5,600	–	0.51%	–
QCOM	New	QUALCOMM	$926,000	–	16,754	–	0.50%	–
MKC	New	MCCORMICK & CO	$875,000	–	8,975	–	0.47%	–
UNP	New	UNION PACIFIC	$730,000	–	6,700	–	0.39%	–
RDSA	New	ROYAL DUTCH SHELL PLC SPONS	$681,000	–	12,800	–	0.37%	–
STT	New	STATE STREET	$674,000	–	7,514	–	0.36%	–
CL	New	COLGATE-PALMOLIVE	$668,000	–	9,012	–	0.36%	–
	New	MUNICH RE GROUP	$658,000	–	3,250	–	0.36%	–
BMY	New	BRISTOL-MYERS SQUIBB	$647,000	–	11,600	–	0.35%	–
WFC	New	WELLS FARGO	$610,000	–	11,000	–	0.33%	–
HP	New	HELMERICH & PAYNE	$572,000	–	10,545	–	0.31%	–
IPGP	New	IPG PHOTONICS	$557,000	–	3,840	–	0.30%	–
FTV	New	FORTIVE CORP	$530,000	–	8,352	–	0.29%	–
EOG	New	EOG RESOURCES	$515,000	–	5,690	–	0.28%	–
CSCO	New	CISCO SYS INC	$510,000	–	16,295	–	0.28%	–
HON	New	HONEYWELL INTL	$441,000	–	3,307	–	0.24%	–
DE	New	DEERE & CO	$435,000	–	3,525	–	0.24%	–
PAYX	New	PAYCHEX	$425,000	–	7,475	–	0.23%	–
DOV	New	DOVER CORP	$417,000	–	5,200	–	0.22%	–
NXPI	New	NXP SEMICONDUCTORS	$417,000	–	3,807	–	0.22%	–
PFE	New	PFIZER	$395,000	–	11,750	–	0.21%	–
NVO	New	NOVO NORDISK A S ADR	$378,000	–	8,800	–	0.20%	–
PBA	New	PEMBINA PIPELINE CO	$346,000	–	10,450	–	0.19%	–
ETN	New	EATON CORP	$265,000	–	3,400	–	0.14%	–
BMO	New	BANK OF MONTREAL	$257,000	–	3,500	–	0.14%	–
MKTX	New	MARKETAXESS HOLDINGS INC	$228,000	–	1,135	–	0.12%	–
ANSS	New	ANSYS INC	$219,000	–	1,800	–	0.12%	–
DOW	New	DOW CHEMICAL	$218,000	–	3,457	–	0.12%	–
BDX	New	BECTON DICKINSON	$215,000	–	1,100	–	0.12%	–
UFPI	New	UNIVERSAL FOREST PRODUCTS	$210,000	–	2,400	–	0.11%	–
LECO	New	LINCOLN ELECTRIC HOLDINGS	$203,000	–	2,200	–	0.11%	–
COST	New	COSTCO WHOLESALE	$202,000	–	1,260	–	0.11%	–
KMB	New	KIMBERLY CLARK	$199,000	–	1,550	–	0.11%	–

Q4 2016

			Value		Shares		↓ Weighting
BMO	Exit	BANK OF MONTREAL	$0	–	-3,500	–	-0.13%	–
SE	Exit	SPECTRA ENERGY	$0	–	-5,400	–	-0.13%	–
FTV	Exit	FORTIVE CORP	$0	–	-4,624	–	-0.14%	–
	Exit	SPARTAN MA MUNICIPAL INCOME FUequity mutual fu	$0	–	-20,132	–	-0.15%	–
ETN	Exit	EATON CORP	$0	–	-4,000	–	-0.15%	–
UFPI	Exit	UNIVERSAL FOREST PRODUCTS	$0	–	-2,750	–	-0.16%	–
DE	Exit	DEERE & CO	$0	–	-3,850	–	-0.19%	–
IPGP	Exit	IPG PHOTONICS	$0	–	-4,545	–	-0.22%	–
DOV	Exit	DOVER CORP	$0	–	-5,200	–	-0.22%	–
HON	Exit	HONEYWELL INTL	$0	–	-3,357	–	-0.23%	–
PFE	Exit	PFIZER	$0	–	-11,750	–	-0.23%	–
IONS	Exit	IONIS PHARMACEUTICALS	$0	–	-11,370	–	-0.24%	–
SYY	Exit	SYSCO	$0	–	-8,500	–	-0.24%	–
PAYX	Exit	PAYCHEX	$0	–	-7,475	–	-0.25%	–
SJM	Exit	SMUCKER J M	$0	–	-3,192	–	-0.25%	–
NVO	Exit	NOVO NORDISK A S ADR	$0	–	-11,040	–	-0.26%	–
ADI	Exit	ANALOG DEVICES	$0	–	-7,576	–	-0.28%	–
PRGO	Exit	PERRIGO CO	$0	–	-6,100	–	-0.32%	–
	Exit	MUNICH RE GROUP	$0	–	-3,325	–	-0.36%	–
STT	Exit	STATE STREET	$0	–	-8,964	–	-0.36%	–
WFC	Exit	WELLS FARGO	$0	–	-14,218	–	-0.36%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-11,800	–	-0.37%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC SPONS	$0	–	-12,800	–	-0.37%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-9,287	–	-0.40%	–
UNP	Exit	UNION PACIFIC	$0	–	-7,600	–	-0.43%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-26,750	–	-0.47%	–
V	Exit	VISA	$0	–	-10,520	–	-0.50%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL B	$0	–	-6,050	–	-0.50%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET ET	$0	–	-8,000	–	-0.51%	–
MKC	Exit	MCCORMICK & CO	$0	–	-9,025	–	-0.52%	–
TGT	Exit	TARGET CORP	$0	–	-13,890	–	-0.55%	–
JCI	Exit	JOHNSON CONTROLS	$0	–	-20,500	–	-0.55%	–
ABBV	Exit	ABBVIE	$0	–	-17,326	–	-0.63%	–
ILMN	Exit	ILLUMINA	$0	–	-7,135	–	-0.75%	–
DHR	Exit	DANAHER CORP	$0	–	-18,150	–	-0.82%	–
NXPI	Exit	NXP SEMICONDUCTORS	$0	–	-14,315	–	-0.84%	–
XYL	Exit	XYLEM INC	$0	–	-27,925	–	-0.84%	–
HP	Exit	HELMERICH & PAYNE	$0	–	-22,483	–	-0.87%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-30,349	–	-0.95%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-21,921	–	-1.00%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-14,270	–	-1.01%	–
MRK	Exit	MERCK	$0	–	-29,363	–	-1.06%	–
XLNX	Exit	XILINX	$0	–	-34,390	–	-1.08%	–
QCOM	Exit	QUALCOMM	$0	–	-28,186	–	-1.11%	–
ESBA	Exit	EMPIRE STATE REALTY OP LP	$0	–	-93,573	–	-1.13%	–
SLB	Exit	SCHLUMBERGER	$0	–	-25,330	–	-1.15%	–
CSCO	Exit	CISCO SYS INC	$0	–	-63,375	–	-1.16%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-71,334	–	-1.22%	–
HD	Exit	HOME DEPOT	$0	–	-18,298	–	-1.36%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-80,700	–	-1.44%	–
ORCL	Exit	ORACLE	$0	–	-65,515	–	-1.48%	–
ABT	Exit	ABBOTT LABS	$0	–	-63,656	–	-1.55%	–
PEP	Exit	PEPSICO	$0	–	-24,816	–	-1.56%	–
CVX	Exit	CHEVRON	$0	–	-26,899	–	-1.60%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-63,725	–	-1.74%	–
UTX	Exit	UNITED TECHNOLOGIES	$0	–	-31,563	–	-1.85%	–
OZRK	Exit	BANK OF THE OZARKS	$0	–	-86,352	–	-1.91%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-79,520	–	-2.02%	–
CB	Exit	CHUBB LIMITED	$0	–	-29,081	–	-2.11%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-73,456	–	-2.44%	–
FISV	Exit	FISERV	$0	–	-45,065	–	-2.59%	–
AAPL	Exit	APPLE INC	$0	–	-41,290	–	-2.69%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-5,866	–	-2.72%	–
MA	Exit	MASTERCARD	$0	–	-50,431	–	-2.96%	–
ATR	Exit	APTARGROUP	$0	–	-72,977	–	-3.26%	–
XOM	Exit	EXXON MOBIL	$0	–	-65,018	–	-3.27%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-72,170	–	-3.29%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-67,090	–	-3.41%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-68,135	–	-3.53%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-93,936	–	-3.54%	–
CVS	Exit	CVS HEALTH	$0	–	-72,792	–	-3.74%	–
INTC	Exit	INTEL CORP	$0	–	-179,031	–	-3.90%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-86,312	–	-3.93%	–
MMM	Exit	3M	$0	–	-43,743	–	-4.44%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-88,523	–	-6.03%	–

Q3 2016

			Value		Shares		↓ Weighting
JNJ	Buy	JOHNSON & JOHNSON	$10,456,000	+11.9%	88,523	+15.0%	6.03%	-2.2%
MMM	Buy	3M	$7,707,000	+13.9%	43,743	+13.2%	4.44%	-0.4%
NSRGY	Buy	NESTLE SA ADR	$6,821,000	+16.3%	86,312	+13.8%	3.93%	+1.7%
INTC	Buy	INTEL CORP	$6,760,000	+33.0%	179,031	+15.6%	3.90%	+16.3%
CVS	Buy	CVS HEALTH	$6,477,000	+8.8%	72,792	+17.1%	3.74%	-4.9%
CNI	Buy	CANADIAN NATL RAILWAY	$6,144,000	+28.2%	93,936	+15.8%	3.54%	+12.1%
PG	Buy	PROCTER & GAMBLE	$6,115,000	+24.1%	68,135	+17.1%	3.53%	+8.5%
ADP	Buy	AUTOMATIC DATA PROCESSING	$5,917,000	+5.6%	67,090	+10.0%	3.41%	-7.7%
NVS	Buy	NOVARTIS AG ADR	$5,698,000	+11.7%	72,170	+16.7%	3.29%	-2.3%
XOM	Buy	EXXON MOBIL	$5,674,000	+4.7%	65,018	+12.5%	3.27%	-8.4%
ATR	Buy	APTARGROUP	$5,649,000	+8.4%	72,977	+10.8%	3.26%	-5.3%
MA	Buy	MASTERCARD	$5,133,000	+33.4%	50,431	+15.4%	2.96%	+16.6%
GOOGL	Buy	ALPHABET INC CL A	$4,714,000	+33.1%	5,866	+16.5%	2.72%	+16.4%
AAPL	Buy	APPLE INC	$4,668,000	+22.7%	41,290	+3.8%	2.69%	+7.3%
FISV	Buy	FISERV	$4,484,000	+1.9%	45,065	+11.4%	2.59%	-10.9%
MSFT	Buy	MICROSOFT CORP	$4,231,000	+30.0%	73,456	+15.5%	2.44%	+13.7%
CB	Buy	CHUBB LIMITED	$3,654,000	+26.8%	29,081	+31.9%	2.11%	+10.8%
	Buy	NOVOZYMES A S DKK 2.0	$3,497,000	-5.0%	79,520	+4.0%	2.02%	-16.9%
OZRK	Sell	BANK OF THE OZARKS	$3,316,000	-1.3%	86,352	-3.5%	1.91%	-13.7%
UTX	Buy	UNITED TECHNOLOGIES	$3,208,000	+23.7%	31,563	+24.8%	1.85%	+8.1%
UL	Buy	UNILEVER PLC NEW ADR	$3,022,000	+24.6%	63,725	+25.9%	1.74%	+8.9%
CVX	Buy	CHEVRON	$2,769,000	+34.7%	26,899	+37.2%	1.60%	+17.8%
PEP	Buy	PEPSICO	$2,698,000	+16.7%	24,816	+13.8%	1.56%	+2.1%
ABT	Buy	ABBOTT LABS	$2,691,000	+40.2%	63,656	+30.4%	1.55%	+22.5%
ORCL	Buy	ORACLE	$2,574,000	+1.4%	65,515	+5.6%	1.48%	-11.4%
RHHBY	Buy	ROCHE HLDG LTD ADR	$2,500,000	-4.0%	80,700	+2.1%	1.44%	-16.1%
HD	Sell	HOME DEPOT	$2,354,000	+0.3%	18,298	-0.5%	1.36%	-12.4%
GE	Buy	GENERAL ELECTRIC	$2,112,000	+24.6%	71,334	+32.5%	1.22%	+8.9%
CSCO	Sell	CISCO SYS INC	$2,009,000	-11.5%	63,375	-19.9%	1.16%	-22.6%
SLB	Sell	SCHLUMBERGER	$1,992,000	-8.2%	25,330	-7.7%	1.15%	-19.7%
ESBA	Buy	EMPIRE STATE REALTY OP LP	$1,952,000	+121.6%	93,573	+101.2%	1.13%	+93.8%
QCOM	Sell	QUALCOMM	$1,931,000	+24.8%	28,186	-2.3%	1.11%	+9.2%
XLNX	Buy	XILINX	$1,868,000	+21.0%	34,390	+2.7%	1.08%	+5.8%
MRK	Buy	MERCK	$1,832,000	+15.9%	29,363	+7.1%	1.06%	+1.3%
GILD	Buy	GILEAD SCIENCES	$1,735,000	+15.8%	21,921	+22.1%	1.00%	+1.2%
EMR	Sell	EMERSON ELECTRIC	$1,654,000	-7.3%	30,349	-11.3%	0.95%	-18.9%
HP	Sell	HELMERICH & PAYNE	$1,513,000	-16.0%	22,483	-16.3%	0.87%	-26.7%
NXPI	Buy	NXP SEMICONDUCTORS	$1,460,000	+34.8%	14,315	+3.6%	0.84%	+17.9%
DHR	Buy	DANAHER CORP	$1,422,000	+117.8%	18,150	+180.5%	0.82%	+90.3%
ILMN	Buy	ILLUMINA	$1,296,000	+43.5%	7,135	+10.8%	0.75%	+25.3%
JCI	New	JOHNSON CONTROLS	$955,000	–	20,500	–	0.55%	–
TGT	Buy	TARGET CORP	$954,000	+21.2%	13,890	+23.1%	0.55%	+6.0%
V	Buy	VISA	$869,000	+184.9%	10,520	+155.3%	0.50%	+149.3%
PBA	Buy	PEMBINA PIPELINE CO	$814,000	+8.0%	26,750	+7.6%	0.47%	-5.6%
BMY	Sell	BRISTOL-MYERS SQUIBB	$636,000	-28.0%	11,800	-1.7%	0.37%	-36.9%
WFC	Sell	WELLS FARGO	$629,000	-9.8%	14,218	-3.4%	0.36%	-21.1%
STT	Buy	STATE STREET	$624,000	+54.5%	8,964	+20.1%	0.36%	+35.3%
PRGO	Sell	PERRIGO CO	$563,000	-32.7%	6,100	-33.8%	0.32%	-41.0%
ADI	New	ANALOG DEVICES	$488,000	–	7,576	–	0.28%	–
SJM	Sell	SMUCKER J M	$433,000	-11.8%	3,192	-0.9%	0.25%	-22.8%
SYY	New	SYSCO	$417,000	–	8,500	–	0.24%	–
IONS	Sell	IONIS PHARMACEUTICALS	$417,000	+29.9%	11,370	-17.4%	0.24%	+13.2%
PFE	Sell	PFIZER	$398,000	-5.5%	11,750	-1.7%	0.23%	-17.3%
HON	Sell	HONEYWELL INTL	$392,000	+0.3%	3,357	-0.3%	0.23%	-12.4%
DOV	New	DOVER CORP	$383,000	–	5,200	–	0.22%	–
	New	SPARTAN MA MUNICIPAL INCOME FUequity mutual fu	$256,000	–	20,132	–	0.15%	–
FTV	New	FORTIVE CORP	$235,000	–	4,624	–	0.14%	–
SE	Sell	SPECTRA ENERGY	$230,000	-14.8%	5,400	-26.5%	0.13%	-25.3%
KMB	Exit	KIMBERLY CLARK	$0	–	-1,580	–	-0.14%	–
FDS	Exit	FACTSET RESH SYS	$0	–	-1,380	–	-0.15%	–
KR	Exit	KROGER	$0	–	-6,020	–	-0.15%	–
EMC	Exit	E M C CORP MASS	$0	–	-17,165	–	-0.31%	–
JCI	Exit	JOHNSON CONTROLS	$0	–	-26,685	–	-0.78%	–

Q2 2016

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$9,341,000	–	77,004	–	6.16%	–
MMM	New	3M	$6,765,000	–	38,627	–	4.46%	–
CVS	New	CVS HEALTH	$5,953,000	–	62,186	–	3.93%	–
NSRGY	New	NESTLE SA ADR	$5,866,000	–	75,872	–	3.87%	–
ADP	New	AUTOMATIC DATA PROCESSING	$5,604,000	–	61,010	–	3.70%	–
XOM	New	EXXON MOBIL	$5,417,000	–	57,782	–	3.57%	–
ATR	New	APTARGROUP	$5,212,000	–	65,867	–	3.44%	–
NVS	New	NOVARTIS AG ADR	$5,100,000	–	61,820	–	3.36%	–
INTC	New	INTEL CORP	$5,081,000	–	154,881	–	3.35%	–
PG	New	PROCTER & GAMBLE	$4,928,000	–	58,188	–	3.25%	–
CNI	New	CANADIAN NATL RAILWAY	$4,792,000	–	81,136	–	3.16%	–
FISV	New	FISERV	$4,399,000	–	40,455	–	2.90%	–
MA	New	MASTERCARD	$3,849,000	–	43,705	–	2.54%	–
AAPL	New	APPLE INC	$3,804,000	–	39,788	–	2.51%	–
	New	NOVOZYMES A S DKK 2.0	$3,680,000	–	76,495	–	2.43%	–
GOOGL	New	ALPHABET INC CL A	$3,542,000	–	5,036	–	2.34%	–
OZRK	New	BANK OF THE OZARKS	$3,359,000	–	89,527	–	2.22%	–
MSFT	New	MICROSOFT CORP	$3,254,000	–	63,606	–	2.15%	–
CB	New	CHUBB LIMITED	$2,882,000	–	22,050	–	1.90%	–
RHHBY	New	ROCHE HLDG LTD ADR	$2,605,000	–	79,025	–	1.72%	–
UTX	New	UNITED TECHNOLOGIES	$2,594,000	–	25,297	–	1.71%	–
ORCL	New	ORACLE	$2,538,000	–	62,015	–	1.67%	–
UL	New	UNILEVER PLC NEW ADR	$2,425,000	–	50,615	–	1.60%	–
HD	New	HOME DEPOT	$2,348,000	–	18,383	–	1.55%	–
PEP	New	PEPSICO	$2,311,000	–	21,816	–	1.52%	–
CSCO	New	CISCO SYS INC	$2,270,000	–	79,125	–	1.50%	–
SLB	New	SCHLUMBERGER	$2,170,000	–	27,435	–	1.43%	–
CVX	New	CHEVRON	$2,055,000	–	19,600	–	1.36%	–
ABT	New	ABBOTT LABS	$1,920,000	–	48,821	–	1.27%	–
HP	New	HELMERICH & PAYNE	$1,802,000	–	26,848	–	1.19%	–
EMR	New	EMERSON ELECTRIC	$1,784,000	–	34,210	–	1.18%	–
GE	New	GENERAL ELECTRIC	$1,695,000	–	53,834	–	1.12%	–
ROK	New	ROCKWELL AUTOMATION	$1,639,000	–	14,270	–	1.08%	–
MRK	New	MERCK	$1,580,000	–	27,413	–	1.04%	–
QCOM	New	QUALCOMM	$1,547,000	–	28,861	–	1.02%	–
XLNX	New	XILINX	$1,544,000	–	33,490	–	1.02%	–
GILD	New	GILEAD SCIENCES	$1,498,000	–	17,954	–	0.99%	–
XYL	New	XYLEM INC	$1,247,000	–	27,925	–	0.82%	–
JCI	New	JOHNSON CONTROLS	$1,183,000	–	26,685	–	0.78%	–
NXPI	New	NXP SEMICONDUCTORS	$1,083,000	–	13,815	–	0.71%	–
ABBV	New	ABBVIE	$1,072,000	–	17,326	–	0.71%	–
MKC	New	MCCORMICK & CO	$963,000	–	9,025	–	0.64%	–
ILMN	New	ILLUMINA	$903,000	–	6,440	–	0.60%	–
BMY	New	BRISTOL-MYERS SQUIBB	$883,000	–	12,000	–	0.58%	–
ESBA	New	EMPIRE STATE REALTY OP LP	$881,000	–	46,500	–	0.58%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$876,000	–	6,050	–	0.58%	–
VTI	New	VANGUARD TOTAL STOCK MARKET ET	$857,000	–	8,000	–	0.56%	–
PRGO	New	PERRIGO CO	$836,000	–	9,210	–	0.55%	–
TGT	New	TARGET CORP	$787,000	–	11,280	–	0.52%	–
PBA	New	PEMBINA PIPELINE CO	$754,000	–	24,850	–	0.50%	–
RDSA	New	ROYAL DUTCH SHELL PLC SPONS	$707,000	–	12,800	–	0.47%	–
WFC	New	WELLS FARGO	$697,000	–	14,718	–	0.46%	–
CL	New	COLGATE-PALMOLIVE	$680,000	–	9,287	–	0.45%	–
UNP	New	UNION PACIFIC	$663,000	–	7,600	–	0.44%	–
DHR	New	DANAHER CORP	$653,000	–	6,471	–	0.43%	–
NVO	New	NOVO NORDISK A S ADR	$593,000	–	11,040	–	0.39%	–
	New	MUNICH RE GROUP	$557,000	–	3,325	–	0.37%	–
SJM	New	SMUCKER J M	$491,000	–	3,222	–	0.32%	–
EMC	New	E M C CORP MASS	$467,000	–	17,165	–	0.31%	–
PAYX	New	PAYCHEX	$445,000	–	7,475	–	0.29%	–
PFE	New	PFIZER	$421,000	–	11,950	–	0.28%	–
STT	New	STATE STREET	$404,000	–	7,464	–	0.27%	–
HON	New	HONEYWELL INTL	$391,000	–	3,367	–	0.26%	–
IPGP	New	IPG PHOTONICS	$364,000	–	4,545	–	0.24%	–
IONS	New	IONIS PHARMACEUTICALS	$321,000	–	13,770	–	0.21%	–
DE	New	DEERE & CO	$312,000	–	3,850	–	0.21%	–
V	New	VISA	$305,000	–	4,120	–	0.20%	–
SE	New	SPECTRA ENERGY	$270,000	–	7,350	–	0.18%	–
UFPI	New	UNIVERSAL FOREST PRODUCTS	$255,000	–	2,750	–	0.17%	–
ETN	New	EATON CORP	$239,000	–	4,000	–	0.16%	–
BMO	New	BANK OF MONTREAL	$222,000	–	3,500	–	0.15%	–
FDS	New	FACTSET RESH SYS	$222,000	–	1,380	–	0.15%	–
KR	New	KROGER	$221,000	–	6,020	–	0.15%	–
KMB	New	KIMBERLY CLARK	$218,000	–	1,580	–	0.14%	–

Q4 2015

			Value		Shares		↓ Weighting
ZTS	Exit	ZOETIS INC	$0	–	-40	–	-0.00%	–
HAR	Exit	HARMAN INT'L IND	$0	–	-10	–	-0.00%	–
CXO	Exit	CONCHO RESOURCES	$0	–	-10	–	-0.00%	–
SYY	Exit	SYSCO	$0	–	-40	–	-0.00%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-40	–	-0.00%	–
DAL	Exit	DELTA AIRLINES	$0	–	-100	–	-0.00%	–
ECL	Exit	ECOLAB INC	$0	–	-50	–	-0.00%	–
SCHW	Exit	CHARLES SCHWAB	$0	–	-190	–	-0.00%	–
TMO	Exit	THERMO FISHER SCIENTIFIC	$0	–	-60	–	-0.01%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-210	–	-0.01%	–
USB	Exit	US BANCORP	$0	–	-300	–	-0.01%	–
HMSY	Exit	HMS HOLDINGS CORP	$0	–	-3,835	–	-0.02%	–
DIS	Exit	DISNEY	$0	–	-360	–	-0.03%	–
DHR	Exit	DANAHER CORP	$0	–	-440	–	-0.03%	–
SRCL	Exit	STERICYCLE	$0	–	-306	–	-0.03%	–
ESRX	Exit	EXPRESS SCRIPTS	$0	–	-580	–	-0.03%	–
HPQ	Exit	HEWLETT PACKARD	$0	–	-1,875	–	-0.03%	–
LOW	Exit	LOWES COMPANIES	$0	–	-760	–	-0.04%	–
PM	Exit	PHILIP MORRIS	$0	–	-663	–	-0.04%	–
JPM	Exit	JPMORGAN CHASE	$0	–	-1,055	–	-0.04%	–
TJX	Exit	TJX COS	$0	–	-919	–	-0.05%	–
WMT	Exit	WAL-MART STORES	$0	–	-1,260	–	-0.06%	–
FFIV	Exit	F5 NETWORKS	$0	–	-795	–	-0.06%	–
CELG	Exit	CELGENE CORP	$0	–	-937	–	-0.07%	–
NEOG	Exit	NEOGEN CORPORATION	$0	–	-2,250	–	-0.07%	–
MO	Exit	ALTRIA GROUP	$0	–	-1,962	–	-0.08%	–
	Exit	GOLDMAN SACHS MLP ENERGY INFRAequity mutual fu	$0	–	-15,126	–	-0.08%	–
VNQ	Exit	VANGUARD REIT	$0	–	-1,585	–	-0.08%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-1,285	–	-0.09%	–
PFE	Exit	PFIZER	$0	–	-4,160	–	-0.09%	–
LECO	Exit	LINCOLN ELECTRIC HOLDINGS	$0	–	-2,595	–	-0.10%	–
NTRS	Exit	NORTHN TRUST CORP	$0	–	-2,020	–	-0.10%	–
IBM	Exit	INTL BUSINESS MACH	$0	–	-980	–	-0.10%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-234	–	-0.10%	–
SYK	Exit	STRYKER CORP	$0	–	-1,645	–	-0.11%	–
GIS	Exit	GENERAL MILLS	$0	–	-2,800	–	-0.11%	–
D	Exit	DOMINION RES INC	$0	–	-2,270	–	-0.11%	–
GPC	Exit	GENUINE PARTS	$0	–	-1,930	–	-0.11%	–
RPM	Exit	RPM INTERNATIONAL	$0	–	-3,965	–	-0.12%	–
MDT	Exit	MEDTRONIC	$0	–	-2,631	–	-0.12%	–
ANSS	Exit	ANSYS INC	$0	–	-2,125	–	-0.13%	–
COST	Exit	COSTCO WHOLESALE	$0	–	-1,310	–	-0.13%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-2,415	–	-0.14%	–
ETN	Exit	EATON CORP	$0	–	-4,410	–	-0.16%	–
V	Exit	VISA	$0	–	-3,700	–	-0.18%	–
CTSH	Exit	COGNIZANT TECH SOLUTNS A	$0	–	-4,231	–	-0.19%	–
AKAM	Exit	AKAMAI TECHNOLOGIES	$0	–	-4,075	–	-0.20%	–
IPGP	Exit	IPG PHOTONICS	$0	–	-4,445	–	-0.24%	–
STT	Exit	STATE STREET	$0	–	-5,171	–	-0.25%	–
HON	Exit	HONEYWELL INTL	$0	–	-3,754	–	-0.25%	–
MON	Exit	MONSANTO	$0	–	-4,210	–	-0.26%	–
PAYX	Exit	PAYCHEX	$0	–	-7,845	–	-0.27%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-6,136	–	-0.28%	–
ACE	Exit	ACE LIMITED	$0	–	-4,160	–	-0.30%	–
DNKN	Exit	DUNKIN BRANDS GROUP	$0	–	-8,910	–	-0.31%	–
IWF	Exit	ISHARES RUSSELL 1000 GROWTH	$0	–	-4,705	–	-0.31%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL B	$0	–	-3,610	–	-0.34%	–
IWD	Exit	ISHARES RUSSELL 1000 VALUE	$0	–	-5,430	–	-0.36%	–
DE	Exit	DEERE & CO	$0	–	-6,900	–	-0.36%	–
ISIS	Exit	ISIS PHARMACEUTICAL	$0	–	-13,450	–	-0.39%	–
NVO	Exit	NOVO NORDISK A S ADR	$0	–	-10,055	–	-0.39%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC SPONS	$0	–	-13,003	–	-0.44%	–
	Exit	MUNICH RE GROUP	$0	–	-3,325	–	-0.44%	–
UNP	Exit	UNION PACIFIC	$0	–	-7,710	–	-0.48%	–
MKC	Exit	MCCORMICK & CO	$0	–	-8,335	–	-0.49%	–
ABBV	Exit	ABBVIE	$0	–	-13,047	–	-0.50%	–
ILMN	Exit	ILLUMINA	$0	–	-4,040	–	-0.50%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-30,345	–	-0.52%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET ET	$0	–	-8,365	–	-0.59%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-8,521	–	-0.60%	–
WFC	Exit	WELLS FARGO	$0	–	-16,328	–	-0.60%	–
ESBA	Exit	EMPIRE STATE REALTY OP LP	$0	–	-50,000	–	-0.60%	–
TGT	Exit	TARGET CORP	$0	–	-10,940	–	-0.61%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-14,685	–	-0.62%	–
XYL	Exit	XYLEM INC	$0	–	-27,855	–	-0.65%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-22,625	–	-0.66%	–
SIX	Exit	SIX FLAGS ENTERTAINMENT	$0	–	-22,608	–	-0.74%	–
NXPI	Exit	NXP SEMICONDUCTORS	$0	–	-14,401	–	-0.89%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-51,884	–	-0.93%	–
MRK	Exit	MERCK	$0	–	-27,543	–	-0.97%	–
XLNX	Exit	XILINX	$0	–	-32,610	–	-0.98%	–
PRGO	Exit	PERRIGO CO	$0	–	-8,785	–	-0.98%	–
ABT	Exit	ABBOTT LABS	$0	–	-35,776	–	-1.02%	–
HP	Exit	HELMERICH & PAYNE	$0	–	-33,595	–	-1.13%	–
SPY	Exit	S P D R TRUST SER 1	$0	–	-9,110	–	-1.24%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-17,200	–	-1.24%	–
PEP	Exit	PEPSICO	$0	–	-19,025	–	-1.27%	–
SLB	Exit	SCHLUMBERGER	$0	–	-26,135	–	-1.28%	–
JCI	Exit	JOHNSON CONTROLS	$0	–	-45,120	–	-1.33%	–
QCOM	Exit	QUALCOMM	$0	–	-37,447	–	-1.43%	–
CSCO	Exit	CISCO SYS INC	$0	–	-80,015	–	-1.49%	–
ORCL	Exit	ORACLE	$0	–	-61,070	–	-1.57%	–
UTX	Exit	UNITED TECHNOLOGIES	$0	–	-24,870	–	-1.57%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-3,531	–	-1.60%	–
HD	Exit	HOME DEPOT	$0	–	-19,965	–	-1.64%	–
CVX	Exit	CHEVRON	$0	–	-30,886	–	-1.73%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-75,527	–	-1.77%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-58,250	–	-1.83%	–
EMC	Exit	E M C CORP MASS	$0	–	-116,347	–	-2.00%	–
FISV	Exit	FISERV	$0	–	-36,150	–	-2.22%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-70,878	–	-2.22%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-72,645	–	-2.25%	–
MA	Exit	MASTERCARD	$0	–	-41,753	–	-2.67%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-53,361	–	-2.73%	–
AAPL	Exit	APPLE INC	$0	–	-35,120	–	-2.75%	–
ATR	Exit	APTARGROUP	$0	–	-61,367	–	-2.88%	–
XOM	Exit	EXXON MOBIL	$0	–	-54,803	–	-2.90%	–
OZRK	Exit	BANK OF THE OZARKS	$0	–	-96,337	–	-3.00%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-74,943	–	-3.02%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-54,670	–	-3.12%	–
INTC	Exit	INTEL CORP	$0	–	-149,793	–	-3.21%	–
MMM	Exit	3M	$0	–	-36,632	–	-3.69%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-57,727	–	-3.77%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-72,797	–	-3.89%	–
CVS	Exit	CVS HEALTH	$0	–	-60,457	–	-4.14%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-75,869	–	-5.03%	–

Q3 2015

			Value		Shares		↓ Weighting
JNJ	Buy	JOHNSON & JOHNSON	$7,082,000	-3.6%	75,869	+0.6%	5.03%	+6.3%
CVS	Sell	CVS HEALTH	$5,832,000	-11.8%	60,457	-4.1%	4.14%	-2.8%
NSRGY	Buy	NESTLE SA ADR	$5,476,000	+4.8%	72,797	+0.6%	3.89%	+15.6%
NVS	Sell	NOVARTIS AG ADR	$5,308,000	-6.9%	57,727	-0.4%	3.77%	+2.6%
MMM	Sell	3M	$5,195,000	-8.3%	36,632	-0.3%	3.69%	+1.1%
INTC	Sell	INTEL CORP	$4,514,000	-1.3%	149,793	-0.4%	3.21%	+8.9%
ADP	Buy	AUTOMATIC DATA PROCESSING	$4,393,000	+0.6%	54,670	+0.5%	3.12%	+11.0%
CNI	Sell	CANADIAN NATL RAILWAY	$4,253,000	-2.9%	74,943	-1.3%	3.02%	+7.0%
OZRK	Sell	BANK OF THE OZARKS	$4,216,000	-5.3%	96,337	-1.0%	3.00%	+4.4%
XOM	Buy	EXXON MOBIL	$4,075,000	-9.8%	54,803	+0.9%	2.90%	-0.6%
ATR	Buy	APTARGROUP	$4,048,000	+3.5%	61,367	+0.0%	2.88%	+14.1%
AAPL	Buy	APPLE INC	$3,874,000	-8.3%	35,120	+4.3%	2.75%	+1.1%
PG	Buy	PROCTER & GAMBLE	$3,840,000	-7.2%	53,361	+0.9%	2.73%	+2.3%
MA	Buy	MASTERCARD	$3,763,000	-1.4%	41,753	+2.2%	2.67%	+8.7%
	Sell	NOVOZYMES A S DKK 2.0	$3,165,000	-8.6%	72,645	-0.3%	2.25%	+0.8%
EMR	Sell	EMERSON ELECTRIC	$3,131,000	-24.4%	70,878	-5.1%	2.22%	-16.6%
FISV	Buy	FISERV	$3,130,000	+4.6%	36,150	+0.0%	2.22%	+15.4%
EMC	Sell	E M C CORP MASS	$2,811,000	-14.9%	116,347	-7.1%	2.00%	-6.2%
MSFT	Sell	MICROSOFT CORP	$2,578,000	-2.2%	58,250	-2.5%	1.83%	+7.8%
RHHBY	Buy	ROCHE HLDG LTD ADR	$2,489,000	-1.6%	75,527	+4.7%	1.77%	+8.5%
CVX	Sell	CHEVRON	$2,438,000	-30.4%	30,886	-14.9%	1.73%	-23.2%
HD	Sell	HOME DEPOT	$2,306,000	+2.1%	19,965	-1.8%	1.64%	+12.5%
GOOGL	New	ALPHABET INC CL A	$2,254,000	–	3,531	–	1.60%	–
UTX	Sell	UNITED TECHNOLOGIES	$2,213,000	-20.8%	24,870	-1.2%	1.57%	-12.7%
ORCL	Buy	ORACLE	$2,205,000	-10.1%	61,070	+0.3%	1.57%	-0.9%
CSCO	Sell	CISCO SYS INC	$2,100,000	-8.7%	80,015	-4.5%	1.49%	+0.6%
QCOM	Sell	QUALCOMM	$2,011,000	-26.6%	37,447	-14.4%	1.43%	-19.1%
JCI	Buy	JOHNSON CONTROLS	$1,866,000	-13.9%	45,120	+3.1%	1.33%	-5.1%
SLB	Sell	SCHLUMBERGER	$1,804,000	-20.7%	26,135	-1.0%	1.28%	-12.6%
PEP	Sell	PEPSICO	$1,793,000	-10.0%	19,025	-10.9%	1.27%	-0.8%
ROK	Buy	ROCKWELL AUTOMATION	$1,746,000	-12.7%	17,200	+7.1%	1.24%	-3.8%
HP	Sell	HELMERICH & PAYNE	$1,587,000	-35.7%	33,595	-4.2%	1.13%	-29.1%
ABT	Sell	ABBOTT LABS	$1,439,000	-19.8%	35,776	-2.1%	1.02%	-11.6%
PRGO	Buy	PERRIGO CO	$1,382,000	-14.8%	8,785	+0.1%	0.98%	-6.0%
XLNX	Sell	XILINX	$1,382,000	-15.0%	32,610	-11.3%	0.98%	-6.2%
MRK	Sell	MERCK	$1,360,000	-14.6%	27,543	-1.5%	0.97%	-5.8%
GE	Buy	GENERAL ELECTRIC	$1,309,000	-4.5%	51,884	+0.8%	0.93%	+5.3%
NXPI	Sell	NXP SEMICONDUCTORS	$1,254,000	-16.2%	14,401	-5.4%	0.89%	-7.6%
UL	Buy	UNILEVER PLC NEW ADR	$923,000	+120.8%	22,625	+132.5%	0.66%	+143.9%
XYL	Buy	XYLEM INC	$915,000	-9.2%	27,855	+2.4%	0.65%	+0.2%
BMY	Buy	BRISTOL-MYERS SQUIBB	$870,000	-6.5%	14,685	+5.1%	0.62%	+3.2%
TGT	Buy	TARGET CORP	$860,000	+1.2%	10,940	+5.1%	0.61%	+11.5%
ESBA	Sell	EMPIRE STATE REALTY OP LP	$852,000	-3.1%	50,000	-3.8%	0.60%	+6.9%
GILD	Sell	GILEAD SCIENCES	$837,000	-18.5%	8,521	-2.8%	0.60%	-10.1%
PBA	Sell	PEMBINA PIPELINE CO	$728,000	-28.6%	30,345	-3.8%	0.52%	-21.3%
ILMN	Sell	ILLUMINA	$711,000	-21.0%	4,040	-1.9%	0.50%	-12.9%
ABBV	Buy	ABBVIE	$709,000	-17.2%	13,047	+2.4%	0.50%	-8.7%
UNP	Buy	UNION PACIFIC	$682,000	-7.2%	7,710	+0.1%	0.48%	+2.3%
RDSA	Sell	ROYAL DUTCH SHELL PLC SPONS	$616,000	-17.6%	13,003	-0.8%	0.44%	-9.1%
DE	Sell	DEERE & CO	$510,000	-39.1%	6,900	-20.0%	0.36%	-33.0%
IWD	Sell	ISHARES RUSSELL 1000 VALUE	$507,000	-22.0%	5,430	-13.8%	0.36%	-14.1%
BRKB	Buy	BERKSHIRE HATHAWAY CL B	$471,000	-3.7%	3,610	+0.6%	0.34%	+6.3%
IWF	Sell	ISHARES RUSSELL 1000 GROWTH	$438,000	-19.0%	4,705	-13.8%	0.31%	-10.9%
DNKN	Sell	DUNKIN BRANDS GROUP	$437,000	-14.8%	8,910	-4.5%	0.31%	-6.3%
ACE	New	ACE LIMITED	$430,000	–	4,160	–	0.30%	–
CL	Sell	COLGATE-PALMOLIVE	$389,000	-12.4%	6,136	-9.7%	0.28%	-3.5%
MON	Sell	MONSANTO	$359,000	-39.6%	4,210	-24.5%	0.26%	-33.4%
STT	Buy	STATE STREET	$346,000	-12.0%	5,171	+1.0%	0.25%	-2.8%
CTSH	Buy	COGNIZANT TECH SOLUTNS A	$265,000	+10.4%	4,231	+7.8%	0.19%	+21.3%
V	Buy	VISA	$257,000	+5.8%	3,700	+2.5%	0.18%	+16.6%
ETN	Buy	EATON CORP	$226,000	-23.6%	4,410	+0.5%	0.16%	-15.7%
WBA	Buy	WALGREEN BOOTS ALLIANCE INC	$201,000	-1.0%	2,415	+0.4%	0.14%	+9.2%
MDT	Sell	MEDTRONIC	$176,000	-13.7%	2,631	-4.6%	0.12%	-4.6%
RPM	Sell	RPM INTERNATIONAL	$166,000	-14.9%	3,965	-0.3%	0.12%	-6.3%
GPC	Sell	GENUINE PARTS	$160,000	-8.0%	1,930	-0.5%	0.11%	+1.8%
D	Sell	DOMINION RES INC	$160,000	-10.6%	2,270	-15.0%	0.11%	-0.9%
GOOG	New	ALPHABET INC CL C	$143,000	–	234	–	0.10%	–
IBM	Sell	INTL BUSINESS MACH	$142,000	-24.9%	980	-15.5%	0.10%	-17.2%
PFE	Buy	PFIZER	$131,000	-5.1%	4,160	+0.7%	0.09%	+4.5%
NEE	Buy	NEXTERA ENERGY	$125,000	+1.6%	1,285	+2.4%	0.09%	+12.7%
	Sell	GOLDMAN SACHS MLP ENERGY INFRAequity mutual fu	$114,000	-39.4%	15,126	-13.1%	0.08%	-33.1%
MO	Sell	ALTRIA GROUP	$107,000	-1.8%	1,962	-11.9%	0.08%	+8.6%
CELG	Sell	CELGENE CORP	$101,000	-16.5%	937	-10.2%	0.07%	-7.7%
FFIV	Sell	F5 NETWORKS	$92,000	-5.2%	795	-1.2%	0.06%	+4.8%
WMT	Buy	WAL-MART STORES	$82,000	-7.9%	1,260	+0.8%	0.06%	+1.8%
TJX	New	TJX COS	$66,000	–	919	–	0.05%	–
JPM	Buy	JPMORGAN CHASE	$64,000	-8.6%	1,055	+1.0%	0.04%	0.0%
PM	Sell	PHILIP MORRIS	$53,000	-11.7%	663	-11.8%	0.04%	-2.6%
HPQ	Buy	HEWLETT PACKARD	$48,000	+26.3%	1,875	+46.3%	0.03%	+41.7%
SRCL	New	STERICYCLE	$43,000	–	306	–	0.03%	–
USB	Sell	US BANCORP	$12,000	-14.3%	300	-9.1%	0.01%	0.0%
MDLZ	New	MONDELEZ INTERNATIONAL INC	$9,000	–	210	–	0.01%	–
TMO	Sell	THERMO FISHER SCIENTIFIC	$7,000	-56.2%	60	-50.0%	0.01%	-50.0%
SCHW	Buy	CHARLES SCHWAB	$5,000	-16.7%	190	+11.8%	0.00%	0.0%
ECL	Buy	ECOLAB INC	$5,000	+150.0%	50	+150.0%	0.00%	+300.0%
DAL	Buy	DELTA AIRLINES	$4,000	0.0%	100	+11.1%	0.00%	0.0%
ITW	Sell	ILLINOIS TOOL WORKS	$3,000	-40.0%	40	-20.0%	0.00%	-33.3%
HAR	New	HARMAN INT'L IND	$1,000	–	10	–	0.00%	–
CDK	Exit	CDK GLOBAL	$0	–	-6	–	0.00%	–
MCHP	Exit	MICROCHIP TECHNOLOGY	$0	–	-10	–	0.00%	–
BLK	Exit	BLACKROCK INC	$0	–	-20	–	-0.01%	–
EOG	Exit	EOG RESOURCES	$0	–	-419	–	-0.02%	–
BP	Exit	BP PLC SPON ADR	$0	–	-2,501	–	-0.06%	–
GOOG	Exit	GOOGLE INC	$0	–	-244	–	-0.08%	–
T	Exit	AT&T INC.	$0	–	-4,289	–	-0.10%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL A	$0	–	-1	–	-0.13%	–
WSM	Exit	WILLIAMS-SONOMA	$0	–	-2,545	–	-0.14%	–
BMO	Exit	BANK OF MONTREAL	$0	–	-3,620	–	-0.14%	–
NGG	Exit	NATIONAL GRID PLC	$0	–	-3,430	–	-0.14%	–
UNFI	Exit	UNITED NATURAL FOODS	$0	–	-6,530	–	-0.27%	–
ABB	Exit	ABB LTD SPON ADR	$0	–	-35,590	–	-0.48%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-2,395	–	-0.83%	–

Q2 2015

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$7,349,000	–	75,414	–	4.74%	–
CVS	New	CVS HEALTH	$6,614,000	–	63,072	–	4.26%	–
NVS	New	NOVARTIS AG ADR	$5,702,000	–	57,987	–	3.67%	–
MMM	New	3M	$5,667,000	–	36,732	–	3.65%	–
NSRGY	New	NESTLE SA ADR	$5,223,000	–	72,372	–	3.36%	–
INTC	New	INTEL CORP	$4,573,000	–	150,323	–	2.95%	–
XOM	New	EXXON MOBIL	$4,519,000	–	54,307	–	2.91%	–
OZRK	New	BANK OF THE OZARKS	$4,452,000	–	97,306	–	2.87%	–
CNI	New	CANADIAN NATL RAILWAY	$4,382,000	–	75,893	–	2.82%	–
ADP	New	AUTOMATIC DATA PROCESSING	$4,365,000	–	54,425	–	2.81%	–
AAPL	New	APPLE INC	$4,224,000	–	33,664	–	2.72%	–
EMR	New	EMERSON ELECTRIC	$4,140,000	–	74,712	–	2.67%	–
PG	New	PROCTER & GAMBLE	$4,138,000	–	52,876	–	2.67%	–
ATR	New	APTARGROUP	$3,913,000	–	61,357	–	2.52%	–
MA	New	MASTERCARD	$3,818,000	–	40,835	–	2.46%	–
CVX	New	CHEVRON	$3,501,000	–	36,281	–	2.26%	–
	New	NOVOZYMES A S DKK 2.0	$3,463,000	–	72,845	–	2.23%	–
EMC	New	E M C CORP MASS	$3,304,000	–	125,197	–	2.13%	–
FISV	New	FISERV	$2,993,000	–	36,145	–	1.93%	–
UTX	New	UNITED TECHNOLOGIES	$2,793,000	–	25,180	–	1.80%	–
QCOM	New	QUALCOMM	$2,741,000	–	43,747	–	1.77%	–
MSFT	New	MICROSOFT CORP	$2,636,000	–	59,715	–	1.70%	–
RHHBY	New	ROCHE HLDG LTD ADR	$2,530,000	–	72,120	–	1.63%	–
HP	New	HELMERICH & PAYNE	$2,468,000	–	35,055	–	1.59%	–
ORCL	New	ORACLE	$2,454,000	–	60,900	–	1.58%	–
CSCO	New	CISCO SYS INC	$2,301,000	–	83,790	–	1.48%	–
SLB	New	SCHLUMBERGER	$2,276,000	–	26,410	–	1.47%	–
HD	New	HOME DEPOT	$2,259,000	–	20,325	–	1.46%	–
JCI	New	JOHNSON CONTROLS	$2,168,000	–	43,775	–	1.40%	–
ROK	New	ROCKWELL AUTOMATION	$2,001,000	–	16,055	–	1.29%	–
PEP	New	PEPSICO	$1,993,000	–	21,350	–	1.28%	–
SPY	New	S P D R TRUST SER 1	$1,876,000	–	9,110	–	1.21%	–
ABT	New	ABBOTT LABS	$1,794,000	–	36,550	–	1.16%	–
XLNX	New	XILINX	$1,625,000	–	36,785	–	1.05%	–
PRGO	New	PERRIGO CO	$1,622,000	–	8,775	–	1.04%	–
MRK	New	MERCK	$1,592,000	–	27,973	–	1.03%	–
NXPI	New	NXP SEMICONDUCTORS	$1,496,000	–	15,229	–	0.96%	–
GE	New	GENERAL ELECTRIC	$1,370,000	–	51,484	–	0.88%	–
GOOGL	New	GOOGLE INC CL A	$1,294,000	–	2,395	–	0.83%	–
GILD	New	GILEAD SCIENCES	$1,027,000	–	8,765	–	0.66%	–
PBA	New	PEMBINA PIPELINE CO	$1,019,000	–	31,535	–	0.66%	–
SIX	New	SIX FLAGS ENTERTAINMENT	$1,014,000	–	22,608	–	0.65%	–
XYL	New	XYLEM INC	$1,008,000	–	27,190	–	0.65%	–
BMY	New	BRISTOL-MYERS SQUIBB	$930,000	–	13,970	–	0.60%	–
WFC	New	WELLS FARGO	$919,000	–	16,328	–	0.59%	–
ILMN	New	ILLUMINA	$900,000	–	4,120	–	0.58%	–
VTI	New	VANGUARD TOTAL STOCK MARKET ET	$895,000	–	8,365	–	0.58%	–
ESBA	New	EMPIRE STATE REALTY OP LP	$879,000	–	52,000	–	0.57%	–
ABBV	New	ABBVIE	$856,000	–	12,742	–	0.55%	–
TGT	New	TARGET CORP	$850,000	–	10,410	–	0.55%	–
DE	New	DEERE & CO	$838,000	–	8,630	–	0.54%	–
ISIS	New	ISIS PHARMACEUTICAL	$774,000	–	13,450	–	0.50%	–
RDSA	New	ROYAL DUTCH SHELL PLC SPONS	$748,000	–	13,113	–	0.48%	–
ABB	New	ABB LTD SPON ADR	$743,000	–	35,590	–	0.48%	–
UNP	New	UNION PACIFIC	$735,000	–	7,700	–	0.47%	–
MKC	New	MCCORMICK & CO	$675,000	–	8,335	–	0.44%	–
IWD	New	ISHARES RUSSELL 1000 VALUE	$650,000	–	6,300	–	0.42%	–
MON	New	MONSANTO	$594,000	–	5,576	–	0.38%	–
	New	MUNICH RE GROUP	$592,000	–	3,325	–	0.38%	–
NVO	New	NOVO NORDISK A S ADR	$551,000	–	10,055	–	0.36%	–
IWF	New	ISHARES RUSSELL 1000 GROWTH	$541,000	–	5,460	–	0.35%	–
DNKN	New	DUNKIN BRANDS GROUP	$513,000	–	9,325	–	0.33%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$489,000	–	3,590	–	0.32%	–
CL	New	COLGATE-PALMOLIVE	$444,000	–	6,793	–	0.29%	–
UL	New	UNILEVER PLC NEW ADR	$418,000	–	9,730	–	0.27%	–
UNFI	New	UNITED NATURAL FOODS	$416,000	–	6,530	–	0.27%	–
STT	New	STATE STREET	$393,000	–	5,121	–	0.25%	–
HON	New	HONEYWELL INTL	$382,000	–	3,754	–	0.25%	–
IPGP	New	IPG PHOTONICS	$379,000	–	4,445	–	0.24%	–
PAYX	New	PAYCHEX	$368,000	–	7,845	–	0.24%	–
ETN	New	EATON CORP	$296,000	–	4,390	–	0.19%	–
AKAM	New	AKAMAI TECHNOLOGIES	$284,000	–	4,075	–	0.18%	–
V	New	VISA	$243,000	–	3,608	–	0.16%	–
CTSH	New	COGNIZANT TECH SOLUTNS A	$240,000	–	3,925	–	0.16%	–
NGG	New	NATIONAL GRID PLC	$221,000	–	3,430	–	0.14%	–
BMO	New	BANK OF MONTREAL	$215,000	–	3,620	–	0.14%	–
WSM	New	WILLIAMS-SONOMA	$209,000	–	2,545	–	0.14%	–
BRKA	New	BERKSHIRE HATHAWAY CL A	$205,000	–	1	–	0.13%	–
MDT	New	MEDTRONIC	$204,000	–	2,758	–	0.13%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$203,000	–	2,405	–	0.13%	–
RPM	New	RPM INTERNATIONAL	$195,000	–	3,975	–	0.13%	–
ANSS	New	ANSYS INC	$194,000	–	2,125	–	0.12%	–
IBM	New	INTL BUSINESS MACH	$189,000	–	1,160	–	0.12%	–
	New	GOLDMAN SACHS MLP ENERGY INFRAequity mutual fu	$188,000	–	17,412	–	0.12%	–
D	New	DOMINION RES INC	$179,000	–	2,670	–	0.12%	–
COST	New	COSTCO WHOLESALE	$177,000	–	1,310	–	0.11%	–
GPC	New	GENUINE PARTS	$174,000	–	1,940	–	0.11%	–
LECO	New	LINCOLN ELECTRIC HOLDINGS	$158,000	–	2,595	–	0.10%	–
GIS	New	GENERAL MILLS	$156,000	–	2,800	–	0.10%	–
SYK	New	STRYKER CORP	$157,000	–	1,645	–	0.10%	–
NTRS	New	NORTHN TRUST CORP	$154,000	–	2,020	–	0.10%	–
T	New	AT&T INC.	$152,000	–	4,289	–	0.10%	–
PFE	New	PFIZER	$138,000	–	4,130	–	0.09%	–
GOOG	New	GOOGLE INC	$127,000	–	244	–	0.08%	–
NEE	New	NEXTERA ENERGY	$123,000	–	1,255	–	0.08%	–
CELG	New	CELGENE CORP	$121,000	–	1,044	–	0.08%	–
VNQ	New	VANGUARD REIT	$118,000	–	1,585	–	0.08%	–
MO	New	ALTRIA GROUP	$109,000	–	2,228	–	0.07%	–
NEOG	New	NEOGEN CORPORATION	$107,000	–	2,250	–	0.07%	–
BP	New	BP PLC SPON ADR	$100,000	–	2,501	–	0.06%	–
FFIV	New	F5 NETWORKS	$97,000	–	805	–	0.06%	–
WMT	New	WAL-MART STORES	$89,000	–	1,250	–	0.06%	–
JPM	New	JPMORGAN CHASE	$70,000	–	1,045	–	0.04%	–
HMSY	New	HMS HOLDINGS CORP	$66,000	–	3,835	–	0.04%	–
PM	New	PHILIP MORRIS	$60,000	–	752	–	0.04%	–
ESRX	New	EXPRESS SCRIPTS	$52,000	–	580	–	0.03%	–
LOW	New	LOWES COMPANIES	$51,000	–	760	–	0.03%	–
DIS	New	DISNEY	$41,000	–	360	–	0.03%	–
DHR	New	DANAHER CORP	$38,000	–	440	–	0.02%	–
EOG	New	EOG RESOURCES	$37,000	–	419	–	0.02%	–
HPQ	New	HEWLETT PACKARD	$38,000	–	1,282	–	0.02%	–
TMO	New	THERMO FISHER SCIENTIFIC	$16,000	–	120	–	0.01%	–
USB	New	US BANCORP	$14,000	–	330	–	0.01%	–
BLK	New	BLACKROCK INC	$7,000	–	20	–	0.01%	–
SCHW	New	CHARLES SCHWAB	$6,000	–	170	–	0.00%	–
DAL	New	DELTA AIRLINES	$4,000	–	90	–	0.00%	–
ITW	New	ILLINOIS TOOL WORKS	$5,000	–	50	–	0.00%	–
ZTS	New	ZOETIS INC	$2,000	–	40	–	0.00%	–
ECL	New	ECOLAB INC	$2,000	–	20	–	0.00%	–
SYY	New	SYSCO	$1,000	–	40	–	0.00%	–
CXO	New	CONCHO RESOURCES	$1,000	–	10	–	0.00%	–
CDK	New	CDK GLOBAL	$0	–	6	–	0.00%	–
MCHP	New	MICROCHIP TECHNOLOGY	$0	–	10	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
HON	Exit	HONEYWELL INTL	$0	–	-1,732	–	-0.11%	–
HSBC	Exit	HSBC HLDG PLC SP ADR	$0	–	-4,000	–	-0.14%	–
BRKA	Exit	BERKSHIRE HATHAWAY CL A	$0	–	-1	–	-0.14%	–
	Exit	GOLDMAN SACHS MLP ENERGY INFRAequity mutual fu	$0	–	-16,816	–	-0.15%	–
SPY	Exit	S P D R TRUST SER 1	$0	–	-1,235	–	-0.17%	–
PAYX	Exit	PAYCHEX	$0	–	-5,500	–	-0.17%	–
F113PS	Exit	COVIDIEN	$0	–	-2,850	–	-0.17%	–
IBM	Exit	INTL BUSINESS MACH	$0	–	-1,386	–	-0.18%	–
ETN	Exit	EATON CORP	$0	–	-4,300	–	-0.19%	–
BMO	Exit	BANK OF MONTREAL	$0	–	-3,750	–	-0.19%	–
UNFI	Exit	UNITED NATURAL FOODS	$0	–	-4,510	–	-0.19%	–
NGG	Exit	NATIONAL GRID PLC	$0	–	-3,950	–	-0.20%	–
CAT	Exit	CATERPILLAR	$0	–	-2,911	–	-0.20%	–
IPGP	Exit	IPG PHOTONICS	$0	–	-4,445	–	-0.21%	–
MKC	Exit	MCCORMICK & CO	$0	–	-5,200	–	-0.24%	–
STT	Exit	STATE STREET	$0	–	-5,205	–	-0.26%	–
ISIS	Exit	ISIS PHARMACEUTICAL	$0	–	-11,100	–	-0.30%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-6,772	–	-0.30%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL B	$0	–	-3,400	–	-0.32%	–
ESBA	Exit	EMPIRE STATE REALTY OP LP	$0	–	-32,115	–	-0.32%	–
NVO	Exit	NOVO NORDISK A S ADR	$0	–	-10,160	–	-0.33%	–
CVE	Exit	CENOVUS ENERGY	$0	–	-18,820	–	-0.35%	–
IWF	Exit	ISHARES RUSSELL 1000 GROWTH	$0	–	-5,600	–	-0.35%	–
GLW	Exit	CORNING INC	$0	–	-29,650	–	-0.39%	–
TGT	Exit	TARGET CORP	$0	–	-9,340	–	-0.40%	–
XYL	Exit	XYLEM INC	$0	–	-17,665	–	-0.43%	–
ILMN	Exit	ILLUMINA	$0	–	-3,820	–	-0.43%	–
IWD	Exit	ISHARES RUSSELL 1000 VALUE	$0	–	-6,430	–	-0.44%	–
	Exit	MUNICH RE GROUP	$0	–	-3,325	–	-0.45%	–
DNKN	Exit	DUNKIN BRANDS GROUP	$0	–	-15,500	–	-0.48%	–
ABBV	Exit	ABBVIE	$0	–	-12,301	–	-0.49%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-14,500	–	-0.51%	–
SIX	Exit	SIX FLAGS ENTERTAINMENT	$0	–	-22,608	–	-0.53%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET ET	$0	–	-8,365	–	-0.58%	–
WFC	Exit	WELLS FARGO	$0	–	-16,818	–	-0.60%	–
UNP	Exit	UNION PACIFIC	$0	–	-8,100	–	-0.60%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC SPONS	$0	–	-12,800	–	-0.67%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-9,287	–	-0.68%	–
XLNX	Exit	XILINX	$0	–	-24,190	–	-0.70%	–
GSK	Exit	GLAXOSMITHKLINE PLC ADR	$0	–	-23,863	–	-0.75%	–
MON	Exit	MONSANTO	$0	–	-9,990	–	-0.77%	–
FEZ	Exit	SPDR EURO STOXX 50 ETF	$0	–	-29,370	–	-0.80%	–
DE	Exit	DEERE & CO	$0	–	-14,400	–	-0.81%	–
NXPI	Exit	NXP SEMICONDUCTORS	$0	–	-17,815	–	-0.84%	–
ABT	Exit	ABBOTT LABS	$0	–	-31,555	–	-0.90%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-31,425	–	-0.91%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-51,934	–	-0.91%	–
PRGO	Exit	PERRIGO CO	$0	–	-9,499	–	-0.98%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-36,580	–	-1.10%	–
ABB	Exit	ABB LTD SPON ADR	$0	–	-72,682	–	-1.12%	–
MRK	Exit	MERCK	$0	–	-27,663	–	-1.12%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-16,025	–	-1.21%	–
HD	Exit	HOME DEPOT	$0	–	-20,800	–	-1.31%	–
CSCO	Exit	CISCO SYS INC	$0	–	-79,535	–	-1.37%	–
PEP	Exit	PEPSICO	$0	–	-23,715	–	-1.52%	–
UTX	Exit	UNITED TECHNOLOGIES	$0	–	-20,995	–	-1.52%	–
FISV	Exit	FISERV	$0	–	-34,295	–	-1.52%	–
ORCL	Exit	ORACLE	$0	–	-59,060	–	-1.55%	–
HP	Exit	HELMERICH & PAYNE	$0	–	-25,675	–	-1.72%	–
SLB	Exit	SCHLUMBERGER	$0	–	-24,824	–	-1.73%	–
MA	Exit	MASTERCARD	$0	–	-34,555	–	-1.75%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-70,982	–	-1.80%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-59,683	–	-1.90%	–
QCOM	Exit	QUALCOMM	$0	–	-37,320	–	-1.91%	–
AAPL	Exit	APPLE INC	$0	–	-29,050	–	-2.01%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-71,405	–	-2.13%	–
OZRK	Exit	BANK OF THE OZARKS	$0	–	-100,158	–	-2.17%	–
EMC	Exit	E M C CORP MASS	$0	–	-125,337	–	-2.52%	–
ATR	Exit	APTARGROUP	$0	–	-61,686	–	-2.57%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-51,905	–	-2.60%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-52,420	–	-3.01%	–
CVX	Exit	CHEVRON	$0	–	-37,256	–	-3.05%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-72,004	–	-3.09%	–
CVS	Exit	CVS HEALTH	$0	–	-65,204	–	-3.56%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-70,533	–	-3.56%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-56,487	–	-3.65%	–
INTC	Exit	INTEL CORP	$0	–	-156,193	–	-3.73%	–
MMM	Exit	3M	$0	–	-38,410	–	-3.74%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-78,737	–	-3.83%	–
XOM	Exit	EXXON MOBIL	$0	–	-60,020	–	-3.87%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-75,387	–	-5.51%	–

Q3 2014

			Value		Shares		↓ Weighting
JNJ	Sell	JOHNSON & JOHNSON	$8,036,000	-0.0%	75,387	-1.9%	5.51%	-1.1%
XOM	Buy	EXXON MOBIL	$5,645,000	-5.3%	60,020	+1.3%	3.87%	-6.4%
CNI	Sell	CANADIAN NATL RAILWAY	$5,586,000	+4.9%	78,737	-3.9%	3.83%	+3.7%
MMM	Sell	3M	$5,443,000	-3.1%	38,410	-2.1%	3.74%	-4.2%
INTC	Sell	INTEL CORP	$5,439,000	+9.5%	156,193	-2.8%	3.73%	+8.4%
NVS	Sell	NOVARTIS AG ADR	$5,317,000	+3.0%	56,487	-0.9%	3.65%	+1.9%
NSRGY	Sell	NESTLE SA ADR	$5,195,000	-5.9%	70,533	-0.8%	3.56%	-6.9%
CVS	Buy	CVS HEALTH	$5,190,000	+6.6%	65,204	+1.0%	3.56%	+5.5%
EMR	Sell	EMERSON ELECTRIC	$4,507,000	-7.1%	72,004	-1.5%	3.09%	-8.1%
CVX	Sell	CHEVRON	$4,445,000	-8.7%	37,256	-0.2%	3.05%	-9.7%
PG	Sell	PROCTER & GAMBLE	$4,389,000	+6.2%	52,420	-0.3%	3.01%	+5.1%
ADP	Sell	AUTOMATIC DATA PROCESSING	$3,783,000	-9.4%	51,905	-1.5%	2.60%	-10.4%
ATR	Sell	APTARGROUP	$3,744,000	-9.9%	61,686	-0.6%	2.57%	-10.9%
EMC	Buy	E M C CORP MASS	$3,668,000	+11.2%	125,337	+0.1%	2.52%	+10.0%
OZRK	New	BANK OF THE OZARKS	$3,157,000	–	100,158	–	2.17%	–
	Sell	NOVOZYMES A S DKK 2.0	$3,098,000	-16.2%	71,405	-3.1%	2.13%	-17.1%
AAPL	Buy	APPLE INC	$2,926,000	+13.9%	29,050	+5.1%	2.01%	+12.6%
QCOM	Buy	QUALCOMM	$2,790,000	-1.1%	37,320	+4.7%	1.91%	-2.2%
MSFT	Sell	MICROSOFT CORP	$2,768,000	+10.9%	59,683	-0.3%	1.90%	+9.6%
RHHBY	Buy	ROCHE HLDG LTD ADR	$2,626,000	+4.6%	70,982	+5.5%	1.80%	+3.4%
MA	Buy	MASTERCARD	$2,555,000	+5.5%	34,555	+4.8%	1.75%	+4.3%
SLB	Sell	SCHLUMBERGER	$2,524,000	-14.2%	24,824	-0.4%	1.73%	-15.1%
HP	Sell	HELMERICH & PAYNE	$2,514,000	-18.2%	25,675	-3.1%	1.72%	-19.1%
ORCL	Buy	ORACLE	$2,261,000	-3.8%	59,060	+1.8%	1.55%	-4.9%
FISV	Buy	FISERV	$2,217,000	+8.0%	34,295	+0.8%	1.52%	+6.8%
UTX	Buy	UNITED TECHNOLOGIES	$2,217,000	-4.9%	20,995	+4.0%	1.52%	-5.9%
PEP	Sell	PEPSICO	$2,208,000	-5.3%	23,715	-9.1%	1.52%	-6.3%
CSCO	Buy	CISCO SYS INC	$2,001,000	+2.4%	79,535	+1.1%	1.37%	+1.3%
HD	Sell	HOME DEPOT	$1,907,000	-0.6%	20,800	-12.2%	1.31%	-1.7%
ROK	Buy	ROCKWELL AUTOMATION	$1,761,000	-2.8%	16,025	+10.7%	1.21%	-3.8%
MRK	Sell	MERCK	$1,639,000	-0.6%	27,663	-2.9%	1.12%	-1.7%
ABB	Buy	ABB LTD SPON ADR	$1,628,000	-2.5%	72,682	+0.1%	1.12%	-3.6%
JCI	Buy	JOHNSON CONTROLS INC	$1,610,000	-9.9%	36,580	+2.3%	1.10%	-10.8%
PRGO	Buy	PERRIGO CO	$1,428,000	+6.4%	9,499	+3.2%	0.98%	+5.3%
GE	Sell	GENERAL ELECTRIC	$1,331,000	-5.2%	51,934	-2.8%	0.91%	-6.3%
PBA	Sell	PEMBINA PIPELINE CO	$1,323,000	-7.3%	31,425	-5.4%	0.91%	-8.3%
ABT	Buy	ABBOTT LABS	$1,311,000	+7.8%	31,555	+6.1%	0.90%	+6.6%
NXPI	Sell	NXP SEMICONDUCTORS	$1,219,000	-6.9%	17,815	-10.0%	0.84%	-8.0%
DE	Sell	DEERE & CO	$1,181,000	-24.5%	14,400	-16.7%	0.81%	-25.4%
MON	Buy	MONSANTO	$1,125,000	-9.6%	9,990	+0.2%	0.77%	-10.5%
GSK	Buy	GLAXOSMITHKLINE PLC ADR	$1,097,000	-3.4%	23,863	+12.4%	0.75%	-4.4%
XLNX	Buy	XILINX	$1,025,000	+20.2%	24,190	+34.2%	0.70%	+18.8%
GILD	Sell	GILEAD SCIENCES	$989,000	+25.8%	9,287	-2.0%	0.68%	+24.6%
UNP	Sell	UNION PACIFIC	$878,000	-14.5%	8,100	-21.4%	0.60%	-15.4%
WFC	Buy	WELLS FARGO	$872,000	+3.9%	16,818	+5.3%	0.60%	+2.7%
VTI	New	VANGUARD TOTAL STOCK MARKET ET	$847,000	–	8,365	–	0.58%	–
BMY	Sell	BRISTOL-MYERS SQUIBB	$742,000	+0.5%	14,500	-4.6%	0.51%	-0.6%
DNKN	Sell	DUNKIN BRANDS GROUP	$695,000	-46.7%	15,500	-45.5%	0.48%	-47.2%
IWD	Sell	ISHARES RUSSELL 1000 VALUE	$644,000	-8.7%	6,430	-7.7%	0.44%	-9.6%
XYL	Buy	XYLEM INC	$626,000	+55.0%	17,665	+71.2%	0.43%	+53.6%
ILMN	Buy	ILLUMINA	$626,000	-4.3%	3,820	+4.4%	0.43%	-5.3%
TGT	Buy	TARGET CORP	$586,000	+23.9%	9,340	+14.4%	0.40%	+22.6%
GLW	Buy	CORNING INC	$573,000	-5.4%	29,650	+7.2%	0.39%	-6.4%
IWF	Sell	ISHARES RUSSELL 1000 GROWTH	$513,000	-9.0%	5,600	-9.7%	0.35%	-10.0%
BRKB	Buy	BERKSHIRE HATHAWAY CL B	$470,000	+32.4%	3,400	+21.4%	0.32%	+31.3%
CL	Buy	COLGATE-PALMOLIVE	$442,000	-3.5%	6,772	+0.7%	0.30%	-4.7%
ISIS	Buy	ISIS PHARMACEUTICAL	$431,000	+65.8%	11,100	+47.2%	0.30%	+64.4%
STT	Sell	STATE STREET	$383,000	+9.4%	5,205	-0.3%	0.26%	+8.2%
MKC	New	MCCORMICK & CO	$348,000	–	5,200	–	0.24%	–
IPGP	Buy	IPG PHOTONICS	$306,000	+39.1%	4,445	+39.1%	0.21%	+37.3%
CAT	Buy	CATERPILLAR	$288,000	+4.0%	2,911	+14.3%	0.20%	+3.1%
NGG	Sell	NATIONAL GRID PLC	$284,000	-48.1%	3,950	-46.3%	0.20%	-48.5%
UNFI	Buy	UNITED NATURAL FOODS	$277,000	+84.7%	4,510	+96.1%	0.19%	+82.7%
BMO	Buy	BANK OF MONTREAL	$276,000	+7.0%	3,750	+7.1%	0.19%	+5.6%
IBM	New	INTL BUSINESS MACH	$263,000	–	1,386	–	0.18%	–
F113PS	Sell	COVIDIEN	$247,000	-48.5%	2,850	-46.5%	0.17%	-49.2%
	Buy	GOLDMAN SACHS MLP ENERGY INFRAequity mutual fu	$217,000	0.0%	16,816	+1.0%	0.15%	-1.3%
BRKA	New	BERKSHIRE HATHAWAY CL A	$207,000	–	1	–	0.14%	–
HON	Buy	HONEYWELL INTL	$162,000	+8.7%	1,732	+8.5%	0.11%	+7.8%
D	Exit	DOMINION RES INC	$0	–	-2,600	–	-0.13%	–

Q2 2014

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$8,039,000	–	76,836	–	5.58%	–
XOM	New	EXXON MOBIL	$5,963,000	–	59,225	–	4.14%	–
MMM	New	3M	$5,619,000	–	39,225	–	3.90%	–
NSRGY	New	NESTLE SA ADR	$5,521,000	–	71,093	–	3.83%	–
CNI	New	CANADIAN NATL RAILWAY	$5,327,000	–	81,943	–	3.70%	–
NVS	New	NOVARTIS AG ADR	$5,160,000	–	56,997	–	3.58%	–
INTC	New	INTEL CORP	$4,965,000	–	160,702	–	3.44%	–
CVX	New	CHEVRON	$4,871,000	–	37,319	–	3.38%	–
CVS	New	CVS CAREMARK	$4,867,000	–	64,569	–	3.38%	–
EMR	New	EMERSON ELECTRIC	$4,854,000	–	73,133	–	3.37%	–
ADP	New	AUTOMATIC DATA PROCESSING	$4,176,000	–	52,681	–	2.90%	–
ATR	New	APTARGROUP	$4,157,000	–	62,046	–	2.88%	–
PG	New	PROCTER & GAMBLE	$4,132,000	–	52,585	–	2.87%	–
	New	NOVOZYMES A S DKK 2.0	$3,696,000	–	73,680	–	2.56%	–
EMC	New	E M C CORP MASS	$3,298,000	–	125,187	–	2.29%	–
HP	New	HELMERICH & PAYNE	$3,075,000	–	26,485	–	2.13%	–
SLB	New	SCHLUMBERGER	$2,941,000	–	24,924	–	2.04%	–
QCOM	New	QUALCOMM	$2,822,000	–	35,635	–	1.96%	–
AAPL	New	APPLE INC	$2,570,000	–	27,653	–	1.78%	–
RHHBY	New	ROCHE HLDG LTD ADR	$2,511,000	–	67,282	–	1.74%	–
MSFT	New	MICROSOFT CORP	$2,496,000	–	59,848	–	1.73%	–
MA	New	MASTERCARD	$2,422,000	–	32,980	–	1.68%	–
ORCL	New	ORACLE	$2,351,000	–	58,025	–	1.63%	–
PEP	New	PEPSICO	$2,331,000	–	26,085	–	1.62%	–
UTX	New	UNITED TECHNOLOGIES	$2,331,000	–	20,190	–	1.62%	–
FISV	New	FISERV	$2,052,000	–	34,025	–	1.42%	–
CSCO	New	CISCO SYS INC	$1,955,000	–	78,665	–	1.36%	–
HD	New	HOME DEPOT	$1,919,000	–	23,700	–	1.33%	–
ROK	New	ROCKWELL AUTOMATION	$1,811,000	–	14,475	–	1.26%	–
JCI	New	JOHNSON CONTROLS INC	$1,786,000	–	35,755	–	1.24%	–
ABB	New	ABB LTD SPON ADR	$1,670,000	–	72,582	–	1.16%	–
MRK	New	MERCK	$1,649,000	–	28,502	–	1.14%	–
DE	New	DEERE & CO	$1,565,000	–	17,280	–	1.09%	–
PBA	New	PEMBINA PIPELINE CO	$1,427,000	–	33,225	–	0.99%	–
GE	New	GENERAL ELECTRIC	$1,404,000	–	53,434	–	0.97%	–
PRGO	New	PERRIGO CO	$1,342,000	–	9,206	–	0.93%	–
NXPI	New	NXP SEMICONDUCTORS	$1,310,000	–	19,795	–	0.91%	–
DNKN	New	DUNKIN BRANDS GROUP	$1,303,000	–	28,440	–	0.90%	–
FEZ	New	SPDR EURO STOXX 50 ETF	$1,271,000	–	29,370	–	0.88%	–
MON	New	MONSANTO	$1,244,000	–	9,970	–	0.86%	–
ABT	New	ABBOTT LABS	$1,216,000	–	29,732	–	0.84%	–
GSK	New	GLAXOSMITHKLINE PLC ADR	$1,136,000	–	21,238	–	0.79%	–
RDSA	New	ROYAL DUTCH SHELL PLC SPONS	$1,054,000	–	12,800	–	0.73%	–
UNP	New	UNION PACIFIC	$1,027,000	–	10,300	–	0.71%	–
SIX	New	SIX FLAGS ENTERTAINMENT	$962,000	–	22,608	–	0.67%	–
XLNX	New	XILINX	$853,000	–	18,020	–	0.59%	–
WFC	New	WELLS FARGO	$839,000	–	15,968	–	0.58%	–
GILD	New	GILEAD SCIENCES	$786,000	–	9,477	–	0.54%	–
BMY	New	BRISTOL-MYERS SQUIBB	$738,000	–	15,200	–	0.51%	–
	New	MUNICH RE GROUP	$736,000	–	3,325	–	0.51%	–
IWD	New	ISHARES RUSSELL 1000 VALUE	$705,000	–	6,965	–	0.49%	–
ABBV	New	ABBVIE	$694,000	–	12,301	–	0.48%	–
ILMN	New	ILLUMINA	$654,000	–	3,660	–	0.45%	–
CVE	New	CENOVUS ENERGY	$609,000	–	18,820	–	0.42%	–
GLW	New	CORNING INC	$606,000	–	27,650	–	0.42%	–
IWF	New	ISHARES RUSSELL 1000 GROWTH	$564,000	–	6,200	–	0.39%	–
NGG	New	NATIONAL GRID PLC	$547,000	–	7,350	–	0.38%	–
ESBA	New	EMPIRE STATE REALTY OP LP	$506,000	–	32,115	–	0.35%	–
F113PS	New	COVIDIEN	$480,000	–	5,330	–	0.33%	–
TGT	New	TARGET CORP	$473,000	–	8,165	–	0.33%	–
NVO	New	NOVO NORDISK A S ADR	$469,000	–	10,160	–	0.32%	–
CL	New	COLGATE-PALMOLIVE	$458,000	–	6,722	–	0.32%	–
XYL	New	XYLEM INC	$404,000	–	10,320	–	0.28%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$355,000	–	2,800	–	0.25%	–
STT	New	STATE STREET	$350,000	–	5,220	–	0.24%	–
ETN	New	EATON CORP	$332,000	–	4,300	–	0.23%	–
CAT	New	CATERPILLAR	$277,000	–	2,546	–	0.19%	–
ISIS	New	ISIS PHARMACEUTICAL	$260,000	–	7,540	–	0.18%	–
BMO	New	BANK OF MONTREAL	$258,000	–	3,500	–	0.18%	–
SPY	New	S P D R TRUST SER 1	$242,000	–	1,235	–	0.17%	–
PAYX	New	PAYCHEX	$229,000	–	5,500	–	0.16%	–
IPGP	New	IPG PHOTONICS	$220,000	–	3,195	–	0.15%	–
	New	GOLDMAN SACHS MLP ENERGY INFRAequity mutual fu	$217,000	–	16,648	–	0.15%	–
HSBC	New	HSBC HLDG PLC SP ADR	$203,000	–	4,000	–	0.14%	–
D	New	DOMINION RES INC	$186,000	–	2,600	–	0.13%	–
UNFI	New	UNITED NATURAL FOODS	$150,000	–	2,300	–	0.10%	–
HON	New	HONEYWELL INTL	$149,000	–	1,597	–	0.10%	–

Q4 2013

			Value		Shares		↓ Weighting
STT	Exit	STATE STREET	$0	–	-3,125	–	-0.17%	–
IWF	Exit	ISHARES RUSSELL 1000 GROWTH	$0	–	-2,759	–	-0.18%	–
PAYX	Exit	PAYCHEX	$0	–	-5,500	–	-0.19%	–
CAT	Exit	CATERPILLAR	$0	–	-2,762	–	-0.19%	–
IWD	Exit	ISHARES RUSSELL 1000 VALUE	$0	–	-2,731	–	-0.20%	–
BMO	Exit	BANK OF MONTREAL	$0	–	-3,500	–	-0.20%	–
LLY	Exit	ELI LILLY & CO	$0	–	-4,850	–	-0.20%	–
DOW	Exit	DOW CHEMICAL	$0	–	-6,725	–	-0.22%	–
TTE	Exit	TOTAL S.A. SPONSORED ADR	$0	–	-4,469	–	-0.22%	–
ETN	Exit	EATON CORP	$0	–	-4,300	–	-0.25%	–
HSBC	Exit	HSBC HLDG PLC SP ADR	$0	–	-5,825	–	-0.26%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CL B	$0	–	-2,800	–	-0.27%	–
NVO	Exit	NOVO NORDISK A S ADR	$0	–	-2,032	–	-0.29%	–
ILMN	Exit	ILLUMINA	$0	–	-4,370	–	-0.30%	–
GLW	Exit	CORNING INC	$0	–	-29,540	–	-0.36%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-7,835	–	-0.39%	–
GSK	Exit	GLAXOSMITHKLINE PLC ADR	$0	–	-9,940	–	-0.42%	–
LH	Exit	LABORATORY CORP AMER	$0	–	-5,520	–	-0.46%	–
ABBV	Exit	ABBVIE INC	$0	–	-12,301	–	-0.46%	–
FEZ	Exit	SPDR EURO STOXX 50 ETF	$0	–	-15,480	–	-0.50%	–
CVE	Exit	CENOVUS ENERGY	$0	–	-21,020	–	-0.52%	–
	Exit	MUNICH RE GROUP	$0	–	-3,325	–	-0.54%	–
ABT	Exit	ABBOTT LABS	$0	–	-20,336	–	-0.56%	–
TEVA	Exit	TEVA PHARMACEUTICAL	$0	–	-18,622	–	-0.59%	–
NGG	Exit	NATIONAL GRID PLC	$0	–	-12,250	–	-0.60%	–
NXPI	Exit	NXP SEMICONDUCTORS	$0	–	-20,140	–	-0.63%	–
SIX	Exit	SIX FLAGS ENTERTAINMENT	$0	–	-22,608	–	-0.64%	–
BMY	Exit	BRISTOL MYERS SQUIBB	$0	–	-16,772	–	-0.65%	–
WFC	Exit	WELLS FARGO	$0	–	-18,968	–	-0.66%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-12,650	–	-0.66%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC SPONS	$0	–	-12,800	–	-0.70%	–
UNP	Exit	UNION PACIFIC	$0	–	-5,523	–	-0.72%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-9,200	–	-0.82%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-30,675	–	-0.85%	–
PRGO	Exit	PERRIGO CO	$0	–	-9,020	–	-0.93%	–
FISV	Exit	FISERV	$0	–	-11,668	–	-0.98%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-49,878	–	-1.00%	–
MON	Exit	MONSANTO	$0	–	-11,859	–	-1.04%	–
QCOM	Exit	QUALCOMM	$0	–	-18,855	–	-1.06%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-31,530	–	-1.09%	–
MRK	Exit	MERCK	$0	–	-28,502	–	-1.14%	–
CSCO	Exit	CISCO SYS INC	$0	–	-69,515	–	-1.35%	–
ABB	Exit	ABB LTD SPON ADR	$0	–	-69,300	–	-1.37%	–
HP	Exit	HELMERICH & PAYNE	$0	–	-23,976	–	-1.38%	–
HD	Exit	HOME DEPOT	$0	–	-21,930	–	-1.39%	–
ORCL	Exit	ORACLE	$0	–	-52,855	–	-1.46%	–
AAPL	Exit	APPLE INC	$0	–	-3,687	–	-1.47%	–
UTX	Exit	UNITED TECHNOLOGIES	$0	–	-16,640	–	-1.50%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-59,778	–	-1.66%	–
MA	Exit	MASTERCARD	$0	–	-2,956	–	-1.66%	–
F113PS	Exit	COVIDIEN	$0	–	-32,935	–	-1.68%	–
SLB	Exit	SCHLUMBERGER	$0	–	-23,195	–	-1.71%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-32,986	–	-1.86%	–
DNKN	Exit	DUNKIN BRANDS GROUP	$0	–	-50,000	–	-1.89%	–
DE	Exit	DEERE	$0	–	-32,458	–	-2.21%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-69,780	–	-2.23%	–
EMC	Exit	E M C CORP MASS	$0	–	-117,272	–	-2.51%	–
PEP	Exit	PEPSICO	$0	–	-41,855	–	-2.78%	–
CVS	Exit	CVS CAREMARK	$0	–	-60,429	–	-2.87%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-49,728	–	-3.01%	–
ATR	Exit	APTARGROUP	$0	–	-60,869	–	-3.06%	–
INTC	Exit	INTEL CORP	$0	–	-165,893	–	-3.18%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-51,216	–	-3.24%	–
CVX	Exit	CHEVRON	$0	–	-33,344	–	-3.39%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-53,098	–	-3.40%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-41,870	–	-3.55%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-68,240	–	-3.97%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-73,734	–	-3.99%	–
MMM	Exit	3M	$0	–	-40,086	–	-4.00%	–
XOM	Exit	EXXON MOBIL	$0	–	-58,561	–	-4.21%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-81,579	–	-5.91%	–

Q3 2013

			Value		Shares		↓ Weighting
JNJ	Sell	JOHNSON & JOHNSON	$7,071,000	-1.3%	81,579	-2.2%	5.91%	-6.0%
XOM	Buy	EXXON MOBIL	$5,039,000	-2.6%	58,561	+2.2%	4.21%	-7.3%
MMM	Sell	3M	$4,787,000	+8.0%	40,086	-1.2%	4.00%	+2.8%
EMR	Buy	EMERSON ELECTRIC	$4,771,000	+19.1%	73,734	+0.4%	3.99%	+13.5%
NSRGY	Buy	NESTLE SA ADR	$4,751,000	+6.7%	68,240	+0.9%	3.97%	+1.7%
CNI	Sell	CANADIAN NATL RAILWAY	$4,245,000	+1.9%	41,870	-2.3%	3.55%	-3.0%
NVS	Buy	NOVARTIS AG ADR	$4,073,000	+9.3%	53,098	+0.8%	3.40%	+4.0%
CVX	Buy	CHEVRON	$4,051,000	+8.1%	33,344	+5.3%	3.39%	+3.0%
PG	Buy	PROCTER & GAMBLE	$3,871,000	-1.5%	51,216	+0.4%	3.24%	-6.1%
INTC	Sell	INTEL CORP	$3,803,000	-8.3%	165,893	-3.1%	3.18%	-12.7%
ATR	Buy	APTARGROUP	$3,659,000	+9.6%	60,869	+0.7%	3.06%	+4.4%
ADP	Buy	AUTOMATIC DATA PROCESSING	$3,600,000	+6.4%	49,728	+1.2%	3.01%	+1.3%
CVS	Buy	CVS CAREMARK	$3,430,000	+0.4%	60,429	+1.1%	2.87%	-4.4%
PEP	Buy	PEPSICO	$3,327,000	-2.4%	41,855	+0.4%	2.78%	-7.1%
EMC	Buy	E M C CORP MASS	$2,998,000	+9.6%	117,272	+1.3%	2.51%	+4.4%
	Buy	NOVOZYMES A S DKK 2.0	$2,670,000	+20.4%	69,780	+0.7%	2.23%	+14.7%
RHHBY	Buy	ROCHE HLDG LTD ADR	$2,228,000	+13.2%	32,986	+3.7%	1.86%	+7.8%
SLB	Buy	SCHLUMBERGER	$2,050,000	+38.8%	23,195	+12.5%	1.71%	+32.2%
F113PS	Buy	COVIDIEN	$2,007,000	+0.5%	32,935	+3.7%	1.68%	-4.3%
MSFT	Sell	MICROSOFT CORP	$1,989,000	-18.4%	59,778	-15.3%	1.66%	-22.3%
MA	Buy	MASTERCARD	$1,989,000	+26.1%	2,956	+7.7%	1.66%	+20.2%
UTX	Buy	UNITED TECHNOLOGIES	$1,793,000	+20.4%	16,640	+3.9%	1.50%	+14.7%
AAPL	Buy	APPLE INC	$1,759,000	+35.7%	3,687	+12.8%	1.47%	+29.3%
ORCL	Buy	ORACLE	$1,752,000	+12.6%	52,855	+4.3%	1.46%	+7.2%
HD	Sell	HOME DEPOT	$1,663,000	-4.1%	21,930	-2.1%	1.39%	-8.7%
HP	Buy	HELMERICH & PAYNE	$1,652,000	+26.8%	23,976	+15.0%	1.38%	+20.7%
CSCO	Buy	CISCO SYS INC	$1,616,000	+1.4%	69,515	+6.1%	1.35%	-3.4%
JCI	Buy	JOHNSON CONTROLS INC	$1,307,000	+37.1%	31,530	+18.4%	1.09%	+30.6%
QCOM	Buy	QUALCOMM	$1,269,000	+136.8%	18,855	+114.9%	1.06%	+125.3%
MON	Sell	MONSANTO	$1,238,000	-4.9%	11,859	-10.0%	1.04%	-9.4%
GE	Sell	GENERAL ELECTRIC	$1,191,000	+0.2%	49,878	-2.7%	1.00%	-4.6%
FISV	Buy	FISERV	$1,178,000	+48.9%	11,668	+28.9%	0.98%	+41.9%
PBA	Buy	PEMBINA PIPELINE CO	$1,016,000	+9.4%	30,675	+1.1%	0.85%	+4.0%
ROK	Buy	ROCKWELL AUTOMATION	$984,000	+81.2%	9,200	+41.0%	0.82%	+72.5%
UNP	Buy	UNION PACIFIC	$858,000	+1.4%	5,523	+0.7%	0.72%	-3.5%
GILD	Sell	GILEAD SCIENCES	$795,000	+20.3%	12,650	-1.9%	0.66%	+14.7%
WFC	Sell	WELLS FARGO	$784,000	-4.9%	18,968	-5.0%	0.66%	-9.4%
BMY	Sell	BRISTOL MYERS SQUIBB	$776,000	+2.5%	16,772	-1.0%	0.65%	-2.4%
NXPI	Sell	NXP SEMICONDUCTORS	$750,000	+19.6%	20,140	-0.2%	0.63%	+14.0%
NGG	Sell	NATIONAL GRID PLC	$724,000	-2.3%	12,250	-6.3%	0.60%	-6.9%
TEVA	Sell	TEVA PHARMACEUTICAL	$704,000	-35.0%	18,622	-32.6%	0.59%	-38.1%
ABT	Buy	ABBOTT LABS	$674,000	+11.8%	20,336	+17.6%	0.56%	+6.6%
FEZ	Sell	SPDR EURO STOXX 50 ETF	$595,000	-34.1%	15,480	-43.2%	0.50%	-37.3%
GSK	Buy	GLAXOSMITHKLINE PLC ADR	$499,000	+42.6%	9,940	+41.5%	0.42%	+35.8%
CL	Buy	COLGATE-PALMOLIVE	$465,000	+8.1%	7,835	+4.5%	0.39%	+3.2%
GLW	Buy	CORNING INC	$431,000	+3.4%	29,540	+0.7%	0.36%	-1.6%
ILMN	Buy	ILLUMINA	$353,000	+28.4%	4,370	+19.1%	0.30%	+22.4%
ETN	Sell	EATON CORP	$296,000	0.0%	4,300	-4.4%	0.25%	-5.0%
TTE	New	TOTAL S.A. SPONSORED ADR	$259,000	–	4,469	–	0.22%	–
CAT	Buy	CATERPILLAR	$230,000	+1.3%	2,762	+0.2%	0.19%	-3.5%
RWX	Exit	SPDR INDEX SHARES FUNDS	$0	–	-5,790	–	-0.20%	–
VNQ	Exit	VANGUARD REIT ETF	$0	–	-3,505	–	-0.21%	–
CREE	Exit	CREE INC	$0	–	-4,325	–	-0.24%	–
LIFE	Exit	LIFE TECHNOLOGIES	$0	–	-6,775	–	-0.44%	–
ECA	Exit	ENCANA	$0	–	-30,111	–	-0.45%	–

Q2 2013

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$7,162,000	–	83,413	–	6.29%	–
XOM	New	EXXON MOBIL	$5,175,000	–	57,280	–	4.54%	–
NSRGY	New	NESTLE SA ADR	$4,451,000	–	67,656	–	3.91%	–
MMM	New	3M	$4,434,000	–	40,556	–	3.89%	–
CNI	New	CANADIAN NATL RAILWAY	$4,167,000	–	42,839	–	3.66%	–
INTC	New	INTEL CORP	$4,148,000	–	171,173	–	3.64%	–
EMR	New	EMERSON ELECTRIC	$4,005,000	–	73,434	–	3.52%	–
PG	New	PROCTER & GAMBLE	$3,928,000	–	51,036	–	3.45%	–
CVX	New	CHEVRON CORP NEW	$3,746,000	–	31,652	–	3.29%	–
NVS	New	NOVARTIS AG ADR	$3,728,000	–	52,698	–	3.27%	–
CVS	New	CVS CAREMARK	$3,418,000	–	59,801	–	3.00%	–
PEP	New	PEPSICO	$3,410,000	–	41,680	–	2.99%	–
ADP	New	AUTOMATIC DATA PROCESSING	$3,384,000	–	49,145	–	2.97%	–
ATR	New	APTARGROUP	$3,338,000	–	60,469	–	2.93%	–
EMC	New	E M C CORP MASS	$2,735,000	–	115,782	–	2.40%	–
DE	New	DEERE	$2,636,000	–	32,458	–	2.31%	–
MSFT	New	MICROSOFT CORP	$2,438,000	–	70,583	–	2.14%	–
	New	NOVOZYMES A S DKK 2.0	$2,217,000	–	69,280	–	1.95%	–
DNKN	New	DUNKIN BRANDS GROUP	$2,141,000	–	50,000	–	1.88%	–
F113PS	New	COVIDIEN	$1,997,000	–	31,765	–	1.75%	–
RHHBY	New	ROCHE HLDG LTD ADR	$1,968,000	–	31,811	–	1.73%	–
HD	New	HOME DEPOT	$1,735,000	–	22,405	–	1.52%	–
CSCO	New	CISCO SYS INC	$1,594,000	–	65,505	–	1.40%	–
MA	New	MASTERCARD	$1,577,000	–	2,745	–	1.38%	–
ORCL	New	ORACLE	$1,556,000	–	50,694	–	1.37%	–
ABB	New	ABB LTD SPON ADR	$1,500,000	–	69,300	–	1.32%	–
UTX	New	UNITED TECHNOLOGIES	$1,489,000	–	16,020	–	1.31%	–
SLB	New	SCHLUMBERGER	$1,477,000	–	20,620	–	1.30%	–
MRK	New	MERCK	$1,323,000	–	28,502	–	1.16%	–
HP	New	HELMERICH & PAYNE	$1,303,000	–	20,856	–	1.14%	–
MON	New	MONSANTO	$1,302,000	–	13,173	–	1.14%	–
AAPL	New	APPLE INC	$1,296,000	–	3,270	–	1.14%	–
GE	New	GENERAL ELECTRIC	$1,189,000	–	51,287	–	1.04%	–
PRGO	New	PERRIGO CO	$1,091,000	–	9,020	–	0.96%	–
TEVA	New	TEVA PHARMACEUTICAL	$1,083,000	–	27,622	–	0.95%	–
JCI	New	JOHNSON CONTROLS INC	$953,000	–	26,630	–	0.84%	–
PBA	New	PEMBINA PIPELINE CO	$929,000	–	30,350	–	0.82%	–
FEZ	New	SPDR EURO STOXX 50 ETF	$903,000	–	27,270	–	0.79%	–
UNP	New	UNION PACIFIC	$846,000	–	5,487	–	0.74%	–
WFC	New	WELLS FARGO	$824,000	–	19,968	–	0.72%	–
RDSA	New	ROYAL DUTCH SHELL PLC SPONS	$817,000	–	12,800	–	0.72%	–
SIX	New	SIX FLAGS ENTERTAINMENT	$795,000	–	22,608	–	0.70%	–
FISV	New	FISERV	$791,000	–	9,050	–	0.69%	–
BMY	New	BRISTOL MYERS SQUIBB	$757,000	–	16,944	–	0.66%	–
NGG	New	NATIONAL GRID PLC	$741,000	–	13,070	–	0.65%	–
GILD	New	GILEAD SCIENCES	$661,000	–	12,900	–	0.58%	–
NXPI	New	NXP SEMICONDUCTORS	$627,000	–	20,190	–	0.55%	–
	New	MUNICH RE GROUP	$610,000	–	3,325	–	0.54%	–
ABT	New	ABBOTT LABS	$603,000	–	17,286	–	0.53%	–
CVE	New	CENOVUS ENERGY	$599,000	–	21,020	–	0.53%	–
LH	New	LABORATORY CORP AMER	$553,000	–	5,520	–	0.48%	–
ROK	New	ROCKWELL AUTOMATION	$543,000	–	6,525	–	0.48%	–
QCOM	New	QUALCOMM	$536,000	–	8,775	–	0.47%	–
ECA	New	ENCANA	$510,000	–	30,111	–	0.45%	–
ABBV	New	ABBVIE INC	$507,000	–	12,301	–	0.44%	–
LIFE	New	LIFE TECHNOLOGIES	$502,000	–	6,775	–	0.44%	–
CL	New	COLGATE-PALMOLIVE	$430,000	–	7,496	–	0.38%	–
GLW	New	CORNING INC	$417,000	–	29,340	–	0.37%	–
GSK	New	GLAXOSMITHKLINE PLC ADR	$350,000	–	7,025	–	0.31%	–
NVO	New	NOVO NORDISK A S ADR	$315,000	–	2,032	–	0.28%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B	$313,000	–	2,800	–	0.28%	–
HSBC	New	HSBC HLDG PLC SP ADR	$302,000	–	5,825	–	0.26%	–
ETN	New	EATON CORP	$296,000	–	4,500	–	0.26%	–
CREE	New	CREE INC	$276,000	–	4,325	–	0.24%	–
ILMN	New	ILLUMINA	$275,000	–	3,670	–	0.24%	–
VNQ	New	VANGUARD REIT ETF	$241,000	–	3,505	–	0.21%	–
LLY	New	ELI LILLY & CO	$239,000	–	4,850	–	0.21%	–
RWX	New	SPDR INDEX SHARES FUNDS	$231,000	–	5,790	–	0.20%	–
IWD	New	ISHARES RUSSELL 1000 VALUE	$229,000	–	2,731	–	0.20%	–
CAT	New	CATERPILLAR	$227,000	–	2,757	–	0.20%	–
DOW	New	DOW CHEMICAL	$216,000	–	6,725	–	0.19%	–
BMO	New	BANK OF MONTREAL	$203,000	–	3,500	–	0.18%	–
STT	New	STATE STREET	$203,000	–	3,125	–	0.18%	–
PAYX	New	PAYCHEX	$201,000	–	5,500	–	0.18%	–
IWF	New	ISHARES RUSSELL 1000 GROWTH	$201,000	–	2,759	–	0.18%	–

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