JENSEN INVESTMENT MANAGEMENT INC Activity Q1 2000-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MSFT	Sell	Microsoft Corp	$913,141,738	-8.3%	2,891,977	-1.1%	7.22%	-1.2%
GOOGL	Buy	Alphabet Inc Cap Stk Cl A	$841,663,778	+12.2%	6,431,788	+2.7%	6.65%	+20.9%
PEP	Buy	PepsiCo Inc.	$834,970,160	-6.1%	4,927,822	+2.7%	6.60%	+1.1%
ACN	Buy	Accenture plc Class A	$796,834,055	+2.3%	2,594,621	+2.8%	6.30%	+10.1%
UNH	Buy	Unitedhealth Group Inc	$706,163,724	+7.9%	1,400,591	+2.8%	5.58%	+16.2%
SYK	Sell	Stryker Corp	$687,500,044	-12.7%	2,515,827	-2.5%	5.43%	-6.0%
AAPL	Sell	Apple, Inc.	$685,499,501	-14.0%	4,003,852	-2.6%	5.42%	-7.4%
INTU	Buy	Intuit Inc.	$574,580,132	+14.7%	1,124,555	+2.9%	4.54%	+23.6%
MMC	Buy	Marsh & McLennan Company Inc	$574,035,383	+4.2%	3,016,476	+2.9%	4.54%	+12.2%
ADP	Sell	Automatic Data Processing, Inc	$487,761,515	+6.8%	2,027,440	-2.4%	3.86%	+15.0%
NKE	Buy	Nike Inc	$472,685,613	-11.1%	4,943,376	+2.6%	3.74%	-4.3%
SBUX	Buy	Starbucks Corp	$452,374,461	-5.3%	4,956,442	+2.8%	3.58%	+2.0%
MA	Buy	Mastercard Inc	$426,857,889	+3.5%	1,078,169	+2.8%	3.37%	+11.4%
PFE	Buy	Pfizer Inc.	$401,882,413	-6.9%	12,115,840	+3.0%	3.18%	+0.3%
TXN	Buy	Texas Instruments Inc	$362,836,650	-9.1%	2,281,848	+2.9%	2.87%	-2.1%
JNJ	Sell	Johnson & Johnson	$355,022,313	-23.9%	2,279,437	-19.1%	2.81%	-18.0%
PG	Sell	Procter & Gamble Co	$350,371,765	-6.3%	2,402,110	-2.6%	2.77%	+0.9%
BR	Buy	Broadridge Financial Solutions	$326,826,948	+10.7%	1,825,339	+2.4%	2.58%	+19.3%
HD	Buy	Home Depot Inc.	$323,966,283	-0.1%	1,072,168	+2.7%	2.56%	+7.6%
EFX	Buy	Equifax Inc	$320,418,822	-13.3%	1,749,202	+11.3%	2.53%	-6.6%
APH	Sell	Amphenol Corp	$289,436,595	-2.0%	3,446,084	-0.9%	2.29%	+5.5%
WM	Buy	Waste Management	$270,127,948	-9.8%	1,772,028	+2.6%	2.14%	-2.8%
KLAC	Buy	KLA Corporation	$256,884,000	+24.7%	560,075	+31.9%	2.03%	+34.3%
VRSK	Sell	Verisk Analytics Inc	$217,679,096	+1.7%	921,432	-2.7%	1.72%	+9.6%
MCO	Sell	Moody's Corp.	$210,312,174	-15.9%	665,187	-7.5%	1.66%	-9.4%
BLL	Buy	Ball Corporation	$155,661,662	-11.8%	3,126,992	+3.1%	1.23%	-5.0%
TJX	Sell	TJX Companies Inc	$44,320,634	-71.8%	498,657	-73.1%	0.35%	-69.6%
ADBE	Sell	Adobe Systems, Inc.	$22,903,178	+4.0%	44,917	-0.2%	0.18%	+11.7%
ORCL	Sell	Oracle Corp	$16,656,979	-11.3%	157,260	-0.3%	0.13%	-4.3%
WAT	Buy	Waters Corp	$16,299,591	+11.7%	59,442	+8.5%	0.13%	+20.6%
BDX	Sell	Becton Dickinson & Co.	$15,208,803	-92.5%	58,828	-92.3%	0.12%	-91.9%
ECL	Sell	Ecolab Inc	$12,109,728	-9.7%	71,486	-0.5%	0.10%	-2.0%
ABT	Sell	Abbott Labs	$10,014,581	-12.0%	103,403	-1.0%	0.08%	-6.0%
EMR	Sell	Emerson Elec Co	$9,113,987	+5.9%	94,377	-0.9%	0.07%	+14.3%
CTSH	Sell	Cognizant Technology Solutions	$8,923,661	+3.5%	131,734	-0.2%	0.07%	+12.7%
GIS	Buy	General Mills Inc.	$7,695,053	+1.8%	120,254	+22.1%	0.06%	+10.9%
CCK	Sell	Crown Holdings Inc.	$7,150,954	-1.5%	80,820	-3.3%	0.06%	+7.5%
EHC	Sell	Encompass Health Corp	$7,088,066	-14.7%	105,540	-14.0%	0.06%	-8.2%
KO	Sell	Coca-Cola Company	$7,124,183	-7.8%	127,263	-0.8%	0.06%	-1.8%
UPS	Sell	United Parcel Svc Cl B	$6,996,225	-97.4%	44,885	-97.0%	0.06%	-97.2%
LH	Buy	Laboratory Corp of America	$6,576,346	-14.9%	32,710	+2.2%	0.05%	-8.8%
CPRT	Buy	Copart Inc. (DE)	$6,261,408	-8.6%	145,310	+93.4%	0.05%	-2.0%
OMC	Sell	Omnicom Group Inc	$6,248,946	-22.4%	83,901	-0.9%	0.05%	-16.9%
KR	Sell	Kroger Company	$6,174,605	-7.9%	137,980	-3.3%	0.05%	0.0%
LII	Sell	Lennox International Inc.	$6,017,251	-13.0%	16,070	-24.2%	0.05%	-5.9%
GPC	Buy	Genuine Parts Company	$5,643,814	-9.3%	39,090	+6.3%	0.04%	-2.2%
MCHP	Sell	Microchip Technology Inc	$5,685,162	-15.7%	72,840	-3.3%	0.04%	-10.0%
MANH	Sell	Manhattan Associates, Inc.	$5,483,088	-14.3%	27,740	-13.3%	0.04%	-8.5%
G	Buy	Genpact Limited	$5,270,358	+8.3%	145,590	+12.4%	0.04%	+16.7%
CHD	Sell	Church & Dwight Co Inc	$5,132,196	-14.4%	56,010	-6.4%	0.04%	-6.8%
K	Sell	Kellogg Company	$5,136,903	-14.6%	86,320	-3.3%	0.04%	-6.8%
CRL	Buy	Charles River Laboratories	$5,003,369	-4.7%	25,530	+2.2%	0.04%	+2.6%
GNTX	Sell	Gentex Corporation	$5,037,843	-9.3%	154,820	-18.4%	0.04%	-2.4%
TSCO	Buy	Tractor Supply Co	$4,883,353	+9.2%	24,050	+18.9%	0.04%	+18.2%
FDS	Sell	FactSet Research Systems Inc.	$4,700,545	+5.5%	10,750	-3.3%	0.04%	+12.1%
CDNS	Sell	Cadence Design Systems, Inc.	$4,667,256	-18.8%	19,920	-18.8%	0.04%	-11.9%
BBY	Sell	Best Buy Co. Inc.	$4,674,636	-18.0%	67,290	-3.3%	0.04%	-11.9%
MMM	Sell	3M Co.	$4,567,720	-6.8%	48,790	-0.4%	0.04%	0.0%
URI	Sell	United Rentals, Inc.	$3,774,399	-14.0%	8,490	-13.9%	0.03%	-6.2%
FFIV	Sell	F5 Networks Inc.	$3,665,935	+6.5%	22,750	-3.3%	0.03%	+16.0%
LEVI	Sell	Levi Strauss & Co	$3,512,331	-9.0%	258,640	-3.3%	0.03%	0.0%
WSM	Buy	Williams Sonoma Inc	$3,536,904	+64.2%	22,760	+32.2%	0.03%	+75.0%
KEYS	Buy	Keysight Technologies, Inc.	$3,604,124	+15.1%	27,240	+45.7%	0.03%	+21.7%
EXPD	Sell	Expeditors International of WA	$3,440,046	-45.9%	30,010	-42.9%	0.03%	-42.6%
CPB	Buy	Campbell Soup Company	$3,401,835	+41.0%	82,810	+56.9%	0.03%	+50.0%
ABBV	Sell	AbbVie Inc.	$3,314,647	+10.0%	22,237	-0.6%	0.03%	+18.2%
TTC	Sell	Toro Company	$3,043,953	-20.9%	36,630	-3.3%	0.02%	-14.3%
POOL	Sell	Pool Corporation	$2,934,264	-8.1%	8,240	-3.3%	0.02%	0.0%
TECH	Sell	Techne Corp	$2,858,940	-19.4%	42,000	-3.3%	0.02%	-11.5%
CBRE	Sell	CBRE Group Inc.	$2,641,972	-11.5%	35,770	-3.3%	0.02%	-4.5%
DCI	Sell	Donaldson Co. Inc.	$2,508,458	-7.7%	42,060	-3.3%	0.02%	0.0%
MMS	Sell	MAXIMUS, Inc.	$2,026,068	-62.0%	27,130	-57.0%	0.02%	-59.0%
RMD	Sell	Resmed	$1,733,036	-65.6%	11,720	-49.2%	0.01%	-62.2%
BAH	New	Booz Allen Hamilton Holding Co	$1,782,194	–	16,310	–	0.01%	–
AON	Buy	AON plc Registered Shs	$1,695,671	+1.9%	5,230	+8.5%	0.01%	+8.3%

Q2 2023

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp	$995,341,890	–	2,922,834	–	7.30%	–
PEP	New	PepsiCo Inc.	$889,103,787	–	4,800,258	–	6.52%	–
AAPL	New	Apple, Inc.	$797,176,354	–	4,109,792	–	5.85%	–
SYK	New	Stryker Corp	$787,314,949	–	2,580,599	–	5.78%	–
ACN	New	Accenture plc Class A	$779,105,561	–	2,524,809	–	5.72%	–
GOOGL	New	Alphabet Inc Cap Stk Cl A	$749,944,201	–	6,265,198	–	5.50%	–
UNH	New	Unitedhealth Group Inc	$654,704,016	–	1,362,151	–	4.80%	–
MMC	New	Marsh & McLennan Company Inc	$551,110,888	–	2,930,194	–	4.04%	–
NKE	New	Nike Inc	$531,796,654	–	4,818,308	–	3.90%	–
INTU	New	Intuit Inc.	$500,895,599	–	1,093,205	–	3.68%	–
SBUX	New	Starbucks Corp	$477,748,747	–	4,822,822	–	3.51%	–
JNJ	New	Johnson & Johnson	$466,552,383	–	2,818,707	–	3.42%	–
ADP	New	Automatic Data Processing, Inc	$456,777,469	–	2,078,245	–	3.35%	–
PFE	New	Pfizer Inc.	$431,453,562	–	11,762,638	–	3.17%	–
MA	New	Mastercard Inc	$412,514,278	–	1,048,854	–	3.03%	–
TXN	New	Texas Instruments Inc	$399,049,794	–	2,216,697	–	2.93%	–
PG	New	Procter & Gamble Co	$374,116,487	–	2,465,510	–	2.74%	–
EFX	New	Equifax Inc	$369,651,123	–	1,570,978	–	2.71%	–
HD	New	Home Depot Inc.	$324,251,624	–	1,043,818	–	2.38%	–
WM	New	Waste Management	$299,437,030	–	1,726,658	–	2.20%	–
APH	New	Amphenol Corp	$295,279,319	–	3,475,919	–	2.17%	–
BR	New	Broadridge Financial Solutions	$295,169,886	–	1,782,104	–	2.17%	–
UPS	New	United Parcel Svc Cl B	$266,671,121	–	1,487,705	–	1.96%	–
MCO	New	Moody's Corp.	$250,068,749	–	719,167	–	1.84%	–
VRSK	New	Verisk Analytics Inc	$213,983,053	–	946,702	–	1.57%	–
KLAC	New	KLA Corporation	$205,999,149	–	424,723	–	1.51%	–
BDX	New	Becton Dickinson & Co.	$202,549,528	–	767,204	–	1.49%	–
BLL	New	Ball Corporation	$176,468,097	–	3,031,577	–	1.30%	–
TJX	New	TJX Companies Inc	$157,195,403	–	1,853,938	–	1.15%	–
ADBE	New	Adobe Systems, Inc.	$22,018,731	–	45,029	–	0.16%	–
ORCL	New	Oracle Corp	$18,780,493	–	157,700	–	0.14%	–
WAT	New	Waters Corp	$14,596,263	–	54,762	–	0.11%	–
ECL	New	Ecolab Inc	$13,416,664	–	71,866	–	0.10%	–
ABT	New	Abbott Labs	$11,382,015	–	104,403	–	0.08%	–
EMR	New	Emerson Elec Co	$8,607,569	–	95,227	–	0.06%	–
CTSH	New	Cognizant Technology Solutions	$8,620,485	–	132,054	–	0.06%	–
EHC	New	Encompass Health Corp	$8,310,725	–	122,740	–	0.06%	–
OMC	New	Omnicom Group Inc	$8,052,449	–	84,629	–	0.06%	–
KO	New	Coca-Cola Company	$7,723,998	–	128,263	–	0.06%	–
LH	New	Laboratory Corp of America	$7,724,973	–	32,010	–	0.06%	–
CL	New	Colgate Palmolive Co	$7,610,705	–	98,789	–	0.06%	–
GIS	New	General Mills Inc.	$7,556,791	–	98,524	–	0.06%	–
CCK	New	Crown Holdings Inc.	$7,259,726	–	83,570	–	0.05%	–
LII	New	Lennox International Inc.	$6,915,945	–	21,210	–	0.05%	–
MCHP	New	Microchip Technology Inc	$6,747,919	–	75,320	–	0.05%	–
CPRT	New	Copart Inc. (DE)	$6,852,607	–	75,130	–	0.05%	–
KR	New	Kroger Company	$6,705,960	–	142,680	–	0.05%	–
MANH	New	Manhattan Associates, Inc.	$6,398,159	–	32,010	–	0.05%	–
EXPD	New	Expeditors International of WA	$6,361,748	–	52,520	–	0.05%	–
GPC	New	Genuine Parts Company	$6,220,895	–	36,760	–	0.05%	–
CHD	New	Church & Dwight Co Inc	$5,997,763	–	59,840	–	0.04%	–
K	New	Kellogg Company	$6,016,124	–	89,260	–	0.04%	–
CDNS	New	Cadence Design Systems, Inc.	$5,750,430	–	24,520	–	0.04%	–
BBY	New	Best Buy Co. Inc.	$5,702,081	–	69,580	–	0.04%	–
GNTX	New	Gentex Corporation	$5,554,133	–	189,820	–	0.04%	–
CRL	New	Charles River Laboratories	$5,252,045	–	24,980	–	0.04%	–
MMS	New	MAXIMUS, Inc.	$5,335,961	–	63,140	–	0.04%	–
RMD	New	Resmed	$5,045,165	–	23,090	–	0.04%	–
MMM	New	3M Co.	$4,903,409	–	48,990	–	0.04%	–
G	New	Genpact Limited	$4,865,691	–	129,510	–	0.04%	–
CLX	New	Clorox Company	$4,490,494	–	28,235	–	0.03%	–
TSCO	New	Tractor Supply Co	$4,472,853	–	20,230	–	0.03%	–
FDS	New	FactSet Research Systems Inc.	$4,455,228	–	11,120	–	0.03%	–
URI	New	United Rentals, Inc.	$4,391,348	–	9,860	–	0.03%	–
LEVI	New	Levi Strauss & Co	$3,859,448	–	267,460	–	0.03%	–
TTC	New	Toro Company	$3,850,502	–	37,880	–	0.03%	–
TROW	New	T Rowe Price Group Inc	$3,625,079	–	32,361	–	0.03%	–
TECH	New	Techne Corp	$3,545,191	–	43,430	–	0.03%	–
FFIV	New	F5 Networks Inc.	$3,441,498	–	23,530	–	0.02%	–
KEYS	New	Keysight Technologies, Inc.	$3,131,315	–	18,700	–	0.02%	–
POOL	New	Pool Corporation	$3,191,933	–	8,520	–	0.02%	–
ABBV	New	AbbVie Inc.	$3,013,506	–	22,367	–	0.02%	–
CBRE	New	CBRE Group Inc.	$2,985,463	–	36,990	–	0.02%	–
DCI	New	Donaldson Co. Inc.	$2,718,560	–	43,490	–	0.02%	–
CPB	New	Campbell Soup Company	$2,413,031	–	52,790	–	0.02%	–
RTX	New	Raytheon Technologies Corp	$2,117,405	–	21,615	–	0.02%	–
WSM	New	Williams Sonoma Inc	$2,153,659	–	17,210	–	0.02%	–
TSM	New	Taiwan Semiconductor Manufadr	$1,777,201	–	17,610	–	0.01%	–
AON	New	AON plc Registered Shs	$1,663,864	–	4,820	–	0.01%	–
BMY	New	Bristol Myers Squibb Co.	$1,686,681	–	26,375	–	0.01%	–
PAYX	New	Paychex Inc.	$1,099,682	–	9,830	–	0.01%	–
	New	Linde plc	$599,439	–	1,573	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
TSCO	Exit	Tractor Supply Co	$0	–	-5,770	–	-0.01%	–
TSM	Exit	Taiwan Semiconductor Manuf ADRadr	$0	–	-16,340	–	-0.01%	–
PAYX	Exit	Paychex Inc.	$0	–	-9,830	–	-0.01%	–
LIN	Exit	Linde plc SH	$0	–	-4,195	–	-0.01%	–
RTX	Exit	Raytheon Technologies Corp	$0	–	-21,850	–	-0.02%	–
BMY	Exit	Bristol Myers Squibb Co.	$0	–	-26,375	–	-0.02%	–
WSM	Exit	Williams Sonoma Inc	$0	–	-15,360	–	-0.02%	–
DCI	Exit	Donaldson Co. Inc.	$0	–	-44,880	–	-0.02%	–
POOL	Exit	Pool Corporation	$0	–	-7,320	–	-0.02%	–
LSTR	Exit	Landstar System Inc.	$0	–	-16,760	–	-0.02%	–
CBRE	Exit	CBRE Group Inc.	$0	–	-38,180	–	-0.02%	–
CRI	Exit	Carter's Inc.	$0	–	-41,640	–	-0.02%	–
CPB	Exit	Campbell Soup Company	$0	–	-67,350	–	-0.03%	–
ABBV	Exit	AbbVie Inc.	$0	–	-23,957	–	-0.03%	–
TTC	Exit	Toro Company	$0	–	-38,750	–	-0.03%	–
MMS	Exit	MAXIMUS, Inc.	$0	–	-58,280	–	-0.03%	–
TROW	Exit	T Rowe Price Group Inc	$0	–	-32,361	–	-0.03%	–
CRL	Exit	Charles River Laboratories	$0	–	-17,370	–	-0.03%	–
URI	Exit	United Rentals, Inc.	$0	–	-13,340	–	-0.03%	–
CLX	Exit	Clorox Company	$0	–	-29,000	–	-0.03%	–
LII	Exit	Lennox International Inc.	$0	–	-16,850	–	-0.03%	–
K	Exit	Kellogg Company	$0	–	-58,110	–	-0.04%	–
RMD	Exit	Resmed	$0	–	-18,240	–	-0.04%	–
FFIV	Exit	F5 Networks Inc.	$0	–	-31,300	–	-0.04%	–
GNTX	Exit	Gentex Corporation	$0	–	-195,910	–	-0.04%	–
G	Exit	Genpact Limited	$0	–	-106,380	–	-0.04%	–
MANH	Exit	Manhattan Associates, Inc.	$0	–	-37,950	–	-0.04%	–
CDNS	Exit	Cadence Design Systems, Inc.	$0	–	-30,690	–	-0.04%	–
LEVI	Exit	Levi Strauss & Co	$0	–	-365,150	–	-0.05%	–
FDS	Exit	FactSet Research Systems Inc.	$0	–	-13,140	–	-0.05%	–
EXPD	Exit	Expeditors International of WA	$0	–	-62,300	–	-0.05%	–
BBY	Exit	Best Buy Co. Inc.	$0	–	-88,690	–	-0.05%	–
OMC	Exit	Omnicom Group Inc	$0	–	-90,664	–	-0.05%	–
KR	Exit	Kroger Company	$0	–	-130,080	–	-0.05%	–
HAS	Exit	Hasbro Inc	$0	–	-86,900	–	-0.05%	–
EHC	Exit	Encompass Health Corp	$0	–	-133,000	–	-0.05%	–
CHD	Exit	Church & Dwight Co Inc	$0	–	-83,320	–	-0.05%	–
CCK	Exit	Crown Holdings Inc.	$0	–	-80,300	–	-0.06%	–
GPC	Exit	Genuine Parts Company	$0	–	-43,460	–	-0.06%	–
LH	Exit	Laboratory Corp of America	$0	–	-33,040	–	-0.06%	–
CPRT	Exit	Copart Inc. (DE)	$0	–	-65,760	–	-0.06%	–
MCHP	Exit	Microchip Technology Inc	$0	–	-116,100	–	-0.06%	–
CL	Exit	Colgate Palmolive Co	$0	–	-102,699	–	-0.06%	–
KO	Exit	Coca-Cola Company	$0	–	-131,323	–	-0.06%	–
EMR	Exit	Emerson Elec Co	$0	–	-101,905	–	-0.06%	–
GIS	Exit	General Mills Inc.	$0	–	-104,662	–	-0.07%	–
ORCL	Exit	Oracle Corp	$0	–	-164,945	–	-0.09%	–
ABT	Exit	Abbott Labs	$0	–	-106,425	–	-0.09%	–
ECL	Exit	Ecolab Inc	$0	–	-73,780	–	-0.09%	–
ADBE	Exit	Adobe Systems, Inc.	$0	–	-44,967	–	-0.11%	–
WAT	Exit	Waters Corp	$0	–	-46,772	–	-0.11%	–
BLL	Exit	Ball Corporation	$0	–	-3,103,935	–	-1.31%	–
MMM	Exit	3M Co.	$0	–	-1,361,055	–	-1.31%	–
VRSK	Exit	Verisk Analytics Inc	$0	–	-921,779	–	-1.37%	–
MCO	Exit	Moody's Corp.	$0	–	-734,490	–	-1.56%	–
APH	Exit	Amphonol Corp	$0	–	-2,891,798	–	-1.69%	–
UPS	Exit	United Parcel Svc Cl B	$0	–	-1,269,669	–	-1.79%	–
CTSH	Exit	Cognizant Technology Solutions	$0	–	-4,076,186	–	-2.04%	–
BR	Exit	Broadridge Financial Solutions	$0	–	-1,717,678	–	-2.16%	–
EFX	Exit	Equifax Inc	$0	–	-1,538,153	–	-2.30%	–
TJX	Exit	TJX Companies Inc	$0	–	-4,263,130	–	-2.31%	–
WM	Exit	Waste Management	$0	–	-1,675,512	–	-2.34%	–
TXN	Exit	Texas Instruments Inc	$0	–	-1,803,205	–	-2.43%	–
HD	Exit	Home Depot Inc.	$0	–	-1,012,927	–	-2.43%	–
MA	Exit	Mastercard Inc	$0	–	-1,019,757	–	-2.52%	–
PG	Exit	Procter & Gamble Co	$0	–	-2,404,595	–	-2.64%	–
INTU	Exit	Intuit Inc.	$0	–	-829,424	–	-2.80%	–
MMC	Exit	Marsh & McLennan Company Inc	$0	–	-2,217,285	–	-2.88%	–
SBUX	Exit	Starbucks Corp	$0	–	-4,342,725	–	-3.19%	–
NKE	Exit	Nike Inc	$0	–	-4,681,749	–	-3.39%	–
PFE	Exit	Pfizer Inc.	$0	–	-9,976,089	–	-3.80%	–
BDX	Exit	Becton Dickinson & Co.	$0	–	-2,123,375	–	-4.12%	–
SYK	Exit	Stryker Corp	$0	–	-2,502,486	–	-4.41%	–
ADP	Exit	Automatic Data Processing, Inc	$0	–	-2,267,024	–	-4.47%	–
ACN	Exit	Accenture plc Class A	$0	–	-2,008,782	–	-4.50%	–
AAPL	Exit	Apple, Inc.	$0	–	-4,192,474	–	-5.05%	–
JNJ	Exit	Johnson & Johnson	$0	–	-3,594,311	–	-5.11%	–
UNH	Exit	Unitedhealth Group Inc	$0	–	-1,207,362	–	-5.31%	–
GOOGL	Exit	Alphabet Inc Cap Stk Cl A	$0	–	-6,696,180	–	-5.58%	–
MSFT	Exit	Microsoft Corp	$0	–	-3,035,731	–	-6.16%	–
PEP	Exit	PepsiCo Inc.	$0	–	-4,800,068	–	-6.82%	–

Q3 2022

			Value		Shares		↓ Weighting
PEP	Sell	PepsiCo Inc.	$783,659,000	-2.5%	4,800,068	-0.4%	6.82%	+2.6%
MSFT	Sell	Microsoft Corp	$707,022,000	-9.6%	3,035,731	-0.4%	6.16%	-4.9%
GOOGL	Buy	Alphabet Inc Cap Stk Cl A	$640,490,000	-12.3%	6,696,180	+1898.4%	5.58%	-7.7%
UNH	Buy	Unitedhealth Group Inc	$609,766,000	+6.6%	1,207,362	+8.4%	5.31%	+12.1%
JNJ	Sell	Johnson & Johnson	$587,167,000	-8.5%	3,594,311	-0.5%	5.11%	-3.7%
AAPL	Sell	Apple, Inc.	$579,400,000	+0.7%	4,192,474	-0.4%	5.05%	+6.0%
ACN	Sell	Accenture plc Class A	$516,860,000	-7.6%	2,008,782	-0.3%	4.50%	-2.8%
ADP	Sell	Automatic Data Processing, Inc	$512,778,000	+7.3%	2,267,024	-0.4%	4.47%	+12.9%
SYK	Sell	Stryker Corp	$506,854,000	+1.3%	2,502,486	-0.5%	4.41%	+6.5%
BDX	Sell	Becton Dickinson & Co.	$473,152,000	-10.1%	2,123,375	-0.5%	4.12%	-5.4%
PFE	Sell	Pfizer Inc.	$436,554,000	-17.1%	9,976,089	-0.6%	3.80%	-12.8%
NKE	Buy	Nike Inc	$389,147,000	-12.6%	4,681,749	+7.4%	3.39%	-8.1%
SBUX	Sell	Starbucks Corp	$365,918,000	+10.2%	4,342,725	-0.1%	3.19%	+15.9%
MMC	Buy	Marsh & McLennan Company Inc	$331,018,000	+4.6%	2,217,285	+8.8%	2.88%	+10.1%
INTU	Sell	Intuit Inc.	$321,253,000	+0.2%	829,424	-0.2%	2.80%	+5.5%
PG	Sell	Procter & Gamble Co	$303,580,000	-12.4%	2,404,595	-0.2%	2.64%	-7.8%
MA	Sell	Mastercard Inc	$289,958,000	-10.1%	1,019,757	-0.3%	2.52%	-5.5%
HD	Buy	Home Depot Inc.	$279,507,000	+11.9%	1,012,927	+11.2%	2.43%	+17.7%
TXN	Sell	Texas Instruments Inc	$279,100,000	+0.5%	1,803,205	-0.2%	2.43%	+5.7%
WM	Sell	Waste Management	$268,434,000	+4.3%	1,675,512	-0.4%	2.34%	+9.7%
TJX	Sell	TJX Companies Inc	$264,826,000	+10.8%	4,263,130	-0.4%	2.31%	+16.5%
EFX	Buy	Equifax Inc	$263,686,000	+6.5%	1,538,153	+13.6%	2.30%	+12.1%
BR	Sell	Broadridge Financial Solutions	$247,895,000	+0.1%	1,717,678	-1.1%	2.16%	+5.4%
CTSH	Sell	Cognizant Technology Solutions	$234,136,000	-15.2%	4,076,186	-0.4%	2.04%	-10.8%
UPS	Sell	United Parcel Svc Cl B	$205,102,000	-11.8%	1,269,669	-0.3%	1.79%	-7.2%
APH	Buy	Amphonol Corp	$193,635,000	+28.9%	2,891,798	+24.0%	1.69%	+35.6%
MCO	Buy	Moody's Corp.	$178,562,000	+3.8%	734,490	+16.2%	1.56%	+9.3%
VRSK	Sell	Verisk Analytics Inc	$157,191,000	-3.5%	921,779	-2.1%	1.37%	+1.6%
MMM	Sell	3M Co.	$150,397,000	-54.0%	1,361,055	-46.2%	1.31%	-51.6%
BLL	Buy	Ball Corporation	$149,982,000	-15.5%	3,103,935	+20.3%	1.31%	-11.1%
ECL	Sell	Ecolab Inc	$10,655,000	-6.6%	73,780	-0.5%	0.09%	-1.1%
ORCL	Sell	Oracle Corp	$10,073,000	-19.3%	164,945	-7.7%	0.09%	-14.6%
GIS	Sell	General Mills Inc.	$8,018,000	-22.1%	104,662	-23.3%	0.07%	-17.6%
KO	Sell	Coca-Cola Company	$7,357,000	-11.0%	131,323	-0.1%	0.06%	-5.9%
LH	Sell	Laboratory Corp of America	$6,767,000	-14.6%	33,040	-2.3%	0.06%	-10.6%
GPC	Sell	Genuine Parts Company	$6,489,000	-12.0%	43,460	-21.6%	0.06%	-6.6%
CHD	Sell	Church & Dwight Co Inc	$5,952,000	-27.2%	83,320	-5.5%	0.05%	-23.5%
HAS	Sell	Hasbro Inc	$5,859,000	-22.9%	86,900	-6.4%	0.05%	-19.0%
KR	Buy	Kroger Company	$5,691,000	+1.0%	130,080	+9.2%	0.05%	+6.4%
FDS	Sell	FactSet Research Systems Inc.	$5,257,000	-23.4%	13,140	-26.4%	0.05%	-19.3%
CDNS	Sell	Cadence Design Systems, Inc.	$5,016,000	-5.9%	30,690	-13.6%	0.04%	0.0%
MANH	Sell	Manhattan Associates, Inc.	$5,048,000	+12.1%	37,950	-3.5%	0.04%	+18.9%
CRL	Buy	Charles River Laboratories	$3,418,000	+84.5%	17,370	+100.6%	0.03%	+100.0%
POOL	Buy	Pool Corporation	$2,329,000	-2.8%	7,320	+7.3%	0.02%	0.0%
TSM	Buy	Taiwan Semiconductor Manuf ADRadr	$1,120,000	-14.6%	16,340	+1.9%	0.01%	-9.1%

Q2 2022

			Value		Shares		↓ Weighting
PEP	New	PepsiCo Inc.	$803,543,000	–	4,821,448	–	6.65%	–
MSFT	New	Microsoft Corp	$782,421,000	–	3,046,456	–	6.48%	–
GOOGL	New	Alphabet Inc Cap Stk Cl A	$730,220,000	–	335,077	–	6.04%	–
JNJ	New	Johnson & Johnson	$641,493,000	–	3,613,839	–	5.31%	–
AAPL	New	Apple Inc.	$575,287,000	–	4,207,774	–	4.76%	–
UNH	New	Unitedhealth Group Inc	$572,023,000	–	1,113,688	–	4.74%	–
ACN	New	Accenture Plc	$559,576,000	–	2,015,402	–	4.63%	–
PFE	New	Pfizer Inc.	$526,402,000	–	10,040,094	–	4.36%	–
BDX	New	Becton Dickinson & Co.	$526,030,000	–	2,133,735	–	4.35%	–
SYK	New	Stryker Corp	$500,447,000	–	2,515,693	–	4.14%	–
ADP	New	Automatic Data Processing Inc.	$477,951,000	–	2,275,524	–	3.96%	–
NKE	New	Nike Inc Cl B	$445,330,000	–	4,357,438	–	3.69%	–
PG	New	Procter & Gamble Co.	$346,602,000	–	2,410,475	–	2.87%	–
SBUX	New	Starbucks Corp	$332,178,000	–	4,348,451	–	2.75%	–
MMM	New	3M Company	$327,085,000	–	2,527,510	–	2.71%	–
MA	New	Mastercard Inc.	$322,670,000	–	1,022,792	–	2.67%	–
INTU	New	Intuit Inc.	$320,466,000	–	831,429	–	2.65%	–
MMC	New	Marsh & McLennan Company Inc	$316,368,000	–	2,037,800	–	2.62%	–
TXN	New	Texas Instruments Inc	$277,722,000	–	1,807,500	–	2.30%	–
CTSH	New	Cognizant Tech Solutions	$276,175,000	–	4,092,081	–	2.29%	–
WM	New	Waste Management	$257,439,000	–	1,682,827	–	2.13%	–
HD	New	Home Depot Inc.	$249,797,000	–	910,772	–	2.07%	–
EFX	New	Equifax Inc	$247,507,000	–	1,354,123	–	2.05%	–
BR	New	Broadridge Financial Solutions	$247,561,000	–	1,736,658	–	2.05%	–
TJX	New	TJX Companies Inc	$239,045,000	–	4,280,120	–	1.98%	–
UPS	New	United Parcel Svc Cl B	$232,428,000	–	1,273,299	–	1.92%	–
BLL	New	Ball Corporation	$177,510,000	–	2,581,210	–	1.47%	–
MCO	New	Moody's Corp.	$171,949,000	–	632,235	–	1.42%	–
VRSK	New	Verisk Analytics Inc	$162,901,000	–	941,134	–	1.35%	–
APH	New	Amphenol Corp.	$150,165,000	–	2,332,483	–	1.24%	–
ADBE	New	Adobe Systems Inc.	$16,461,000	–	44,967	–	0.14%	–
WAT	New	Waters Corp	$15,481,000	–	46,772	–	0.13%	–
ORCL	New	Oracle Corporation	$12,482,000	–	178,645	–	0.10%	–
ABT	New	Abbott Laboratories	$11,563,000	–	106,425	–	0.10%	–
ECL	New	Ecolab Inc	$11,404,000	–	74,170	–	0.09%	–
GIS	New	General Mills Inc.	$10,297,000	–	136,480	–	0.08%	–
KO	New	Coca-Cola Company	$8,267,000	–	131,409	–	0.07%	–
CHD	New	Church & Dwight Co Inc	$8,174,000	–	88,210	–	0.07%	–
CL	New	Colgate-Palmolive Co	$8,230,000	–	102,699	–	0.07%	–
EMR	New	Emerson Electric Co.	$8,106,000	–	101,905	–	0.07%	–
LH	New	Laboratory Corp of America	$7,924,000	–	33,810	–	0.07%	–
HAS	New	Hasbro Inc	$7,601,000	–	92,830	–	0.06%	–
EHC	New	Encompass Health Corp	$7,455,000	–	133,000	–	0.06%	–
GPC	New	Genuine Parts Company	$7,371,000	–	55,420	–	0.06%	–
CCK	New	Crown Holdings Inc.	$7,401,000	–	80,300	–	0.06%	–
CPRT	New	Copart Inc. (DE)	$7,145,000	–	65,760	–	0.06%	–
FDS	New	FactSet Research Systems Inc.	$6,865,000	–	17,850	–	0.06%	–
MCHP	New	Microchip Technology Inc	$6,743,000	–	116,100	–	0.06%	–
EXPD	New	Expeditors International of WA	$6,072,000	–	62,300	–	0.05%	–
LEVI	New	Levi Strauss & Co	$5,959,000	–	365,150	–	0.05%	–
BBY	New	Best Buy Co. Inc.	$5,782,000	–	88,690	–	0.05%	–
OMC	New	Omnicom Group Inc	$5,767,000	–	90,664	–	0.05%	–
KR	New	Kroger Company	$5,637,000	–	119,100	–	0.05%	–
GNTX	New	Gentex Corporation	$5,480,000	–	195,910	–	0.04%	–
CDNS	New	Cadence Design Systems, Inc.	$5,331,000	–	35,530	–	0.04%	–
FFIV	New	F5 Networks Inc.	$4,790,000	–	31,300	–	0.04%	–
G	New	Genpact Limited	$4,506,000	–	106,380	–	0.04%	–
MANH	New	Manhattan Associates, Inc.	$4,505,000	–	39,310	–	0.04%	–
CLX	New	Clorox Company	$4,088,000	–	29,000	–	0.03%	–
K	New	Kellogg Company	$4,146,000	–	58,110	–	0.03%	–
RMD	New	Resmed	$3,824,000	–	18,240	–	0.03%	–
TROW	New	T Rowe Price Group Inc	$3,677,000	–	32,361	–	0.03%	–
ABBV	New	AbbVie Inc.	$3,669,000	–	23,957	–	0.03%	–
MMS	New	MAXIMUS, Inc.	$3,643,000	–	58,280	–	0.03%	–
LII	New	Lennox International Inc.	$3,481,000	–	16,850	–	0.03%	–
CPB	New	Campbell Soup Company	$3,236,000	–	67,350	–	0.03%	–
URI	New	United Rentals, Inc.	$3,240,000	–	13,340	–	0.03%	–
CRI	New	Carter's Inc.	$2,935,000	–	41,640	–	0.02%	–
TTC	New	Toro Company	$2,937,000	–	38,750	–	0.02%	–
CBRE	New	CBRE Group Inc.	$2,810,000	–	38,180	–	0.02%	–
LSTR	New	Landstar System Inc.	$2,437,000	–	16,760	–	0.02%	–
POOL	New	Pool Corporation	$2,395,000	–	6,820	–	0.02%	–
DCI	New	Donaldson Co. Inc.	$2,161,000	–	44,880	–	0.02%	–
RTX	New	Raytheon Technologies Corp	$2,100,000	–	21,850	–	0.02%	–
BMY	New	Bristol Myers Squibb Co.	$2,031,000	–	26,375	–	0.02%	–
CRL	New	Charles River Laboratories	$1,853,000	–	8,660	–	0.02%	–
WSM	New	Williams Sonoma Inc	$1,704,000	–	15,360	–	0.01%	–
TSM	New	Taiwan Semiconductor Manuf ADRadr	$1,311,000	–	16,040	–	0.01%	–
LIN	New	Linde plc SH	$1,206,000	–	4,195	–	0.01%	–
PAYX	New	Paychex Inc.	$1,119,000	–	9,830	–	0.01%	–
TSCO	New	Tractor Supply Co	$1,119,000	–	5,770	–	0.01%	–

Q4 2021

			Value		Shares		↓ Weighting
RS	Exit	Reliance Steel And Aluminum Co	$0	–	-2,056	–	-0.00%	–
GWW	Exit	W.W. Grainger Inc.	$0	–	-2,850	–	-0.01%	–
ON	Exit	ON Semiconductor Corp	$0	–	-28,031	–	-0.01%	–
LIN	Exit	Linde plc SH	$0	–	-4,220	–	-0.01%	–
TSM	Exit	Taiwan Semiconductor Manuf ADRadr	$0	–	-11,180	–	-0.01%	–
URI	Exit	United Rentals, Inc.	$0	–	-4,370	–	-0.01%	–
BMY	Exit	Bristol Myers Squibb Co.	$0	–	-26,375	–	-0.01%	–
POOL	Exit	Pool Corporation	$0	–	-3,670	–	-0.01%	–
RTX	Exit	Raytheon Technologies Corp	$0	–	-23,350	–	-0.02%	–
DCI	Exit	Donaldson Co. Inc.	$0	–	-37,070	–	-0.02%	–
CPB	Exit	Campbell Soup Company	$0	–	-57,180	–	-0.02%	–
ABBV	Exit	AbbVie Inc.	$0	–	-24,157	–	-0.02%	–
TSCO	Exit	Tractor Supply Co	$0	–	-13,570	–	-0.02%	–
MMS	Exit	MAXIMUS, Inc.	$0	–	-35,660	–	-0.02%	–
K	Exit	Kellogg Company	$0	–	-46,840	–	-0.02%	–
MLHR	Exit	Herman Miller Inc.	$0	–	-80,340	–	-0.02%	–
CRI	Exit	Carters Inc	$0	–	-31,110	–	-0.02%	–
LII	Exit	Lennox International Inc.	$0	–	-12,830	–	-0.03%	–
PAYX	Exit	Paychex Inc.	$0	–	-33,450	–	-0.03%	–
CBRE	Exit	CBRE Group Inc.	$0	–	-43,920	–	-0.03%	–
LEVI	Exit	Levi Strauss & Co	$0	–	-179,320	–	-0.04%	–
FFIV	Exit	F5 Networks Inc.	$0	–	-23,090	–	-0.04%	–
GNTX	Exit	Gentex Corporation	$0	–	-140,500	–	-0.04%	–
CLX	Exit	Clorox Company	$0	–	-29,000	–	-0.04%	–
LSTR	Exit	Landstar System Inc.	$0	–	-30,430	–	-0.04%	–
CHD	Exit	Church & Dwight Co Inc	$0	–	-63,350	–	-0.04%	–
SMG	Exit	The Scotts Miracle-Gro Co.	$0	–	-37,060	–	-0.04%	–
BBY	Exit	Best Buy Co. Inc.	$0	–	-54,250	–	-0.04%	–
KR	Exit	Kroger Company	$0	–	-139,910	–	-0.04%	–
EXPD	Exit	Expeditors International of WA	$0	–	-50,380	–	-0.05%	–
TROW	Exit	T Rowe Price Group Inc	$0	–	-32,361	–	-0.05%	–
HAS	Exit	Hasbro Inc	$0	–	-71,220	–	-0.05%	–
MCHP	Exit	Microchip Technology Inc	$0	–	-41,780	–	-0.05%	–
GPC	Exit	Genuine Parts Company	$0	–	-54,840	–	-0.05%	–
CCK	Exit	Crown Holdings Inc.	$0	–	-66,290	–	-0.05%	–
EHC	Exit	Encompass Health Corp	$0	–	-90,160	–	-0.05%	–
KO	Exit	Coca-Cola Company	$0	–	-131,804	–	-0.06%	–
LH	Exit	Laboratory Corp of America	$0	–	-24,490	–	-0.06%	–
OMC	Exit	Omnicom Group Inc	$0	–	-96,764	–	-0.06%	–
CPRT	Exit	Copart Inc. (DE)	$0	–	-50,890	–	-0.06%	–
FDS	Exit	FactSet Research Systems Inc.	$0	–	-19,310	–	-0.06%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-102,499	–	-0.06%	–
EMR	Exit	Emerson Electric Co.	$0	–	-102,137	–	-0.08%	–
ABT	Exit	Abbott Laboratories	$0	–	-107,525	–	-0.10%	–
ECL	Exit	Ecolab Inc	$0	–	-75,137	–	-0.12%	–
ORCL	Exit	Oracle Corporation	$0	–	-183,720	–	-0.13%	–
WAT	Exit	Waters Corp	$0	–	-47,237	–	-0.13%	–
ADBE	Exit	Adobe Systems Inc.	$0	–	-45,567	–	-0.21%	–
APH	Exit	Amphenol Corp.	$0	–	-1,836,377	–	-1.06%	–
VRSK	Exit	Verisk Analytics Inc	$0	–	-755,102	–	-1.20%	–
MMC	Exit	Marsh & McLennan Company Inc	$0	–	-1,196,760	–	-1.44%	–
GIS	Exit	General Mills Inc.	$0	–	-3,141,958	–	-1.49%	–
UPS	Exit	United Parcel Svc Cl B	$0	–	-1,236,126	–	-1.78%	–
TJX	Exit	TJX Companies Inc	$0	–	-3,675,570	–	-1.92%	–
WM	Exit	Waste Management	$0	–	-1,697,962	–	-2.01%	–
MA	Exit	Mastercard Inc.	$0	–	-734,752	–	-2.02%	–
TXN	Exit	Texas Instruments Inc	$0	–	-1,489,137	–	-2.27%	–
BR	Exit	Broadridge Financial Solutions	$0	–	-1,755,253	–	-2.32%	–
HD	Exit	Home Depot Inc.	$0	–	-942,943	–	-2.45%	–
EFX	Exit	Equifax Inc	$0	–	-1,249,178	–	-2.51%	–
PG	Exit	Procter & Gamble Co.	$0	–	-2,336,902	–	-2.59%	–
CTSH	Exit	Cognizant Tech Solutions	$0	–	-5,015,466	–	-2.95%	–
SBUX	Exit	Starbucks Corp	$0	–	-3,410,448	–	-2.98%	–
ADP	Exit	Automatic Data Processing Inc.	$0	–	-2,207,485	–	-3.50%	–
INTU	Exit	Intuit Inc.	$0	–	-835,629	–	-3.57%	–
PFE	Exit	Pfizer Inc.	$0	–	-10,663,856	–	-3.63%	–
UNH	Exit	Unitedhealth Group Inc	$0	–	-1,270,166	–	-3.93%	–
NKE	Exit	Nike Inc Cl B	$0	–	-3,512,143	–	-4.04%	–
BDX	Exit	Becton Dickinson & Co.	$0	–	-2,298,860	–	-4.48%	–
ACN	Exit	Accenture Plc	$0	–	-1,768,616	–	-4.48%	–
MMM	Exit	3M Company	$0	–	-3,270,347	–	-4.54%	–
AAPL	Exit	Apple Inc.	$0	–	-4,085,752	–	-4.58%	–
SYK	Exit	Stryker Corp	$0	–	-2,307,688	–	-4.82%	–
JNJ	Exit	Johnson & Johnson	$0	–	-4,040,939	–	-5.17%	–
PEP	Exit	PepsiCo Inc.	$0	–	-5,031,471	–	-6.00%	–
GOOGL	Exit	Alphabet Inc Cap Stk Cl A	$0	–	-325,165	–	-6.89%	–
MSFT	Exit	Microsoft Corp	$0	–	-3,220,728	–	-7.19%	–

Q3 2021

			Value		Shares		↓ Weighting
MSFT	Sell	Microsoft Corp	$907,988,000	-5.3%	3,220,728	-9.0%	7.19%	-0.7%
GOOGL	New	Alphabet Inc Cap Stk Cl A	$869,335,000	–	325,165	–	6.89%	–
PEP	Sell	PepsiCo Inc.	$756,784,000	-4.8%	5,031,471	-6.2%	6.00%	-0.2%
JNJ	Sell	Johnson & Johnson	$652,612,000	-9.8%	4,040,939	-8.0%	5.17%	-5.5%
SYK	Sell	Stryker Corp	$608,583,000	-4.7%	2,307,688	-6.1%	4.82%	-0.1%
AAPL	Sell	Apple Inc.	$578,134,000	-3.0%	4,085,752	-6.2%	4.58%	+1.6%
MMM	Sell	3M Company	$573,684,000	-17.1%	3,270,347	-6.2%	4.54%	-13.1%
ACN	Sell	Accenture Plc	$565,816,000	-7.7%	1,768,616	-15.0%	4.48%	-3.3%
BDX	Sell	Becton Dickinson & Co.	$565,106,000	-14.1%	2,298,860	-15.0%	4.48%	-9.9%
NKE	Sell	Nike Inc Cl B	$510,069,000	-11.8%	3,512,143	-6.1%	4.04%	-7.5%
UNH	Sell	Unitedhealth Group Inc	$496,305,000	-8.6%	1,270,166	-6.4%	3.93%	-4.2%
PFE	Sell	Pfizer Inc.	$458,652,000	+2.8%	10,663,856	-6.4%	3.63%	+7.8%
INTU	Sell	Intuit Inc.	$450,830,000	-11.3%	835,629	-19.4%	3.57%	-7.0%
ADP	Buy	Automatic Data Processing Inc.	$441,320,000	+6.1%	2,207,485	+5.4%	3.50%	+11.2%
SBUX	Sell	Starbucks Corp	$376,207,000	-7.5%	3,410,448	-6.3%	2.98%	-3.1%
CTSH	Sell	Cognizant Tech Solutions	$372,198,000	+0.6%	5,015,466	-6.1%	2.95%	+5.5%
PG	Buy	Procter & Gamble Co.	$326,699,000	+9.5%	2,336,902	+5.7%	2.59%	+14.8%
EFX	Sell	Equifax Inc	$316,567,000	+0.1%	1,249,178	-5.4%	2.51%	+5.0%
HD	Sell	Home Depot Inc.	$309,530,000	-3.5%	942,943	-6.3%	2.45%	+1.2%
BR	Sell	Broadridge Financial Solutions	$292,495,000	-7.0%	1,755,253	-9.9%	2.32%	-2.5%
TXN	Sell	Texas Instruments Inc	$286,227,000	-6.3%	1,489,137	-6.2%	2.27%	-1.7%
MA	Sell	Mastercard Inc.	$255,459,000	-10.8%	734,752	-6.3%	2.02%	-6.4%
WM	Sell	Waste Management	$253,608,000	-0.2%	1,697,962	-6.4%	2.01%	+4.6%
TJX	Buy	TJX Companies Inc	$242,514,000	+4.4%	3,675,570	+6.7%	1.92%	+9.5%
UPS	Sell	United Parcel Svc Cl B	$225,099,000	-21.5%	1,236,126	-10.4%	1.78%	-17.7%
GIS	Sell	General Mills Inc.	$187,952,000	-7.6%	3,141,958	-5.9%	1.49%	-3.2%
MMC	Buy	Marsh & McLennan Company Inc	$181,225,000	+8.7%	1,196,760	+1.0%	1.44%	+14.0%
VRSK	Buy	Verisk Analytics Inc	$151,224,000	+15.8%	755,102	+1.0%	1.20%	+21.4%
APH	Buy	Amphenol Corp.	$134,478,000	+1305.1%	1,836,377	+1212.5%	1.06%	+1379.2%
WAT	Sell	Waters Corp	$16,878,000	+3.1%	47,237	-0.3%	0.13%	+8.1%
ABT	Sell	Abbott Laboratories	$12,702,000	+1.7%	107,525	-0.2%	0.10%	+7.4%
EMR	Sell	Emerson Electric Co.	$9,621,000	-2.4%	102,137	-0.2%	0.08%	+2.7%
FDS	Buy	FactSet Research Systems Inc.	$7,623,000	+42.3%	19,310	+21.0%	0.06%	+50.0%
OMC	Sell	Omnicom Group Inc	$7,012,000	-10.0%	96,764	-0.7%	0.06%	-5.1%
CPRT	Buy	Copart Inc. (DE)	$7,059,000	+21.9%	50,890	+15.8%	0.06%	+27.3%
LH	Buy	Laboratory Corp of America	$6,892,000	+23.9%	24,490	+21.4%	0.06%	+31.0%
EHC	Buy	Encompass Health Corp	$6,766,000	+38.6%	90,160	+44.1%	0.05%	+45.9%
CCK	Buy	Crown Holdings Inc.	$6,681,000	+27.2%	66,290	+29.0%	0.05%	+32.5%
GPC	Buy	Genuine Parts Company	$6,648,000	+33.4%	54,840	+39.2%	0.05%	+39.5%
MCHP	Buy	Microchip Technology Inc	$6,413,000	+29.3%	41,780	+26.2%	0.05%	+37.8%
HAS	Buy	Hasbro Inc	$6,354,000	+21.7%	71,220	+29.0%	0.05%	+28.2%
EXPD	Buy	Expeditors International of WA	$6,002,000	+14.1%	50,380	+21.3%	0.05%	+20.0%
BBY	Buy	Best Buy Co. Inc.	$5,735,000	+24.8%	54,250	+35.7%	0.04%	+28.6%
KR	Buy	Kroger Company	$5,657,000	+49.0%	139,910	+41.2%	0.04%	+55.2%
SMG	Buy	The Scotts Miracle-Gro Co.	$5,424,000	+179.3%	37,060	+266.2%	0.04%	+186.7%
CHD	Buy	Church & Dwight Co Inc	$5,231,000	+66.2%	63,350	+71.5%	0.04%	+70.8%
LSTR	Buy	Landstar System Inc.	$4,802,000	+34.5%	30,430	+34.7%	0.04%	+40.7%
GNTX	Buy	Gentex Corporation	$4,634,000	+42.1%	140,500	+42.6%	0.04%	+48.0%
FFIV	Buy	F5 Networks Inc.	$4,590,000	+57.8%	23,090	+48.2%	0.04%	+63.6%
LEVI	Buy	Levi Strauss & Co	$4,395,000	+37.0%	179,320	+55.0%	0.04%	+45.8%
LII	Buy	Lennox International Inc.	$3,774,000	+1.4%	12,830	+20.9%	0.03%	+7.1%
PAYX	Buy	Paychex Inc.	$3,761,000	+19.5%	33,450	+14.1%	0.03%	+25.0%
MLHR	Buy	Herman Miller Inc.	$3,026,000	-3.3%	80,340	+21.0%	0.02%	0.0%
MMS	Buy	MAXIMUS, Inc.	$2,967,000	+14.6%	35,660	+21.2%	0.02%	+20.0%
K	Buy	Kellogg Company	$2,994,000	+20.7%	46,840	+21.5%	0.02%	+26.3%
CRI	Buy	Carters Inc	$3,025,000	+14.3%	31,110	+21.2%	0.02%	+20.0%
TSCO	Buy	Tractor Supply Co	$2,749,000	+34.3%	13,570	+23.4%	0.02%	+46.7%
ABBV	Sell	AbbVie Inc.	$2,606,000	-4.6%	24,157	-0.4%	0.02%	0.0%
CPB	Buy	Campbell Soup Company	$2,391,000	+11.1%	57,180	+21.1%	0.02%	+18.8%
DCI	Sell	Donaldson Co. Inc.	$2,128,000	-22.5%	37,070	-14.2%	0.02%	-19.0%
POOL	New	Pool Corporation	$1,594,000	–	3,670	–	0.01%	–
URI	New	United Rentals, Inc.	$1,534,000	–	4,370	–	0.01%	–
TSM	Buy	Taiwan Semiconductor Manuf ADRadr	$1,248,000	+6.1%	11,180	+14.2%	0.01%	+11.1%
LIN	Sell	Linde plc SH	$1,238,000	+0.2%	4,220	-1.2%	0.01%	+11.1%
HRC	Exit	Hill-Rom Holdings Inc.	$0	–	-48,940	–	-0.04%	–
GOOGL	Exit	Alphabet Inc Cap Stk Cl A	$0	–	-374,990	–	-6.92%	–

Q2 2021

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp	$958,717,000	–	3,539,008	–	7.24%	–
GOOGL	New	Alphabet Inc Cap Stk Cl A	$915,647,000	–	374,990	–	6.92%	–
PEP	New	PepsiCo Inc.	$794,701,000	–	5,363,441	–	6.00%	–
JNJ	New	Johnson & Johnson	$723,754,000	–	4,393,310	–	5.47%	–
MMM	New	3M Company	$692,290,000	–	3,485,326	–	5.23%	–
BDX	New	Becton Dickinson & Co.	$657,839,000	–	2,705,040	–	4.97%	–
SYK	New	Stryker Corp	$638,309,000	–	2,457,587	–	4.82%	–
ACN	New	Accenture Plc	$613,210,000	–	2,080,159	–	4.63%	–
AAPL	New	Apple Inc.	$596,262,000	–	4,353,552	–	4.51%	–
NKE	New	Nike Inc Cl B	$578,138,000	–	3,742,237	–	4.37%	–
UNH	New	Unitedhealth Group Inc	$543,275,000	–	1,356,696	–	4.10%	–
INTU	New	Intuit Inc.	$507,983,000	–	1,036,341	–	3.84%	–
PFE	New	Pfizer Inc.	$446,080,000	–	11,391,217	–	3.37%	–
ADP	New	Automatic Data Processing Inc.	$415,924,000	–	2,094,070	–	3.14%	–
SBUX	New	Starbucks Corp	$406,825,000	–	3,638,543	–	3.07%	–
CTSH	New	Cognizant Tech Solutions	$370,031,000	–	5,342,630	–	2.80%	–
HD	New	Home Depot Inc.	$320,817,000	–	1,006,043	–	2.42%	–
EFX	New	Equifax Inc	$316,141,000	–	1,319,948	–	2.39%	–
BR	New	Broadridge Financial Solutions	$314,607,000	–	1,947,670	–	2.38%	–
TXN	New	Texas Instruments Inc	$305,318,000	–	1,587,716	–	2.31%	–
PG	New	Procter & Gamble Co.	$298,304,000	–	2,210,804	–	2.25%	–
UPS	New	United Parcel Svc Cl B	$286,784,000	–	1,378,966	–	2.17%	–
MA	New	Mastercard Inc.	$286,244,000	–	784,036	–	2.16%	–
WM	New	Waste Management	$254,054,000	–	1,813,247	–	1.92%	–
TJX	New	TJX Companies Inc	$232,193,000	–	3,443,976	–	1.76%	–
GIS	New	General Mills Inc.	$203,473,000	–	3,339,458	–	1.54%	–
MMC	New	Marsh & McLennan Company Inc	$166,729,000	–	1,185,165	–	1.26%	–
VRSK	New	Verisk Analytics Inc	$130,629,000	–	747,647	–	0.99%	–
ADBE	New	Adobe Systems Inc.	$26,686,000	–	45,567	–	0.20%	–
WAT	New	Waters Corp	$16,367,000	–	47,357	–	0.12%	–
ECL	New	Ecolab Inc	$15,476,000	–	75,137	–	0.12%	–
ORCL	New	Oracle Corporation	$14,301,000	–	183,720	–	0.11%	–
ABT	New	Abbott Laboratories	$12,494,000	–	107,775	–	0.09%	–
EMR	New	Emerson Electric Co.	$9,854,000	–	102,387	–	0.07%	–
APH	New	Amphenol Corp.	$9,571,000	–	139,912	–	0.07%	–
CL	New	Colgate-Palmolive Co	$8,338,000	–	102,499	–	0.06%	–
OMC	New	Omnicom Group Inc	$7,792,000	–	97,414	–	0.06%	–
KO	New	Coca-Cola Company	$7,132,000	–	131,804	–	0.05%	–
TROW	New	T Rowe Price Group Inc	$6,407,000	–	32,361	–	0.05%	–
CPRT	New	Copart Inc. (DE)	$5,791,000	–	43,930	–	0.04%	–
LH	New	Laboratory Corp of America	$5,564,000	–	20,170	–	0.04%	–
HRC	New	Hill-Rom Holdings Inc.	$5,559,000	–	48,940	–	0.04%	–
FDS	New	FactSet Research Systems Inc.	$5,356,000	–	15,960	–	0.04%	–
CCK	New	Crown Holdings Inc.	$5,251,000	–	51,370	–	0.04%	–
EXPD	New	Expeditors International of WA	$5,258,000	–	41,530	–	0.04%	–
HAS	New	Hasbro Inc	$5,219,000	–	55,220	–	0.04%	–
CLX	New	Clorox Company	$5,217,000	–	29,000	–	0.04%	–
GPC	New	Genuine Parts Company	$4,983,000	–	39,400	–	0.04%	–
EHC	New	Encompass Health Corp	$4,882,000	–	62,560	–	0.04%	–
MCHP	New	Microchip Technology Inc	$4,958,000	–	33,110	–	0.04%	–
BBY	New	Best Buy Co. Inc.	$4,597,000	–	39,980	–	0.04%	–
KR	New	Kroger Company	$3,797,000	–	99,110	–	0.03%	–
CBRE	New	CBRE Group Inc.	$3,765,000	–	43,920	–	0.03%	–
LII	New	Lennox International Inc.	$3,722,000	–	10,610	–	0.03%	–
LSTR	New	Landstar System Inc.	$3,570,000	–	22,590	–	0.03%	–
GNTX	New	Gentex Corporation	$3,261,000	–	98,560	–	0.02%	–
PAYX	New	Paychex Inc.	$3,146,000	–	29,320	–	0.02%	–
MLHR	New	Herman Miller Inc.	$3,130,000	–	66,400	–	0.02%	–
CHD	New	Church & Dwight Co Inc	$3,147,000	–	36,930	–	0.02%	–
LEVI	New	Levi Strauss & Co	$3,207,000	–	115,700	–	0.02%	–
FFIV	New	F5 Networks Inc.	$2,908,000	–	15,580	–	0.02%	–
ABBV	New	AbbVie Inc.	$2,732,000	–	24,257	–	0.02%	–
DCI	New	Donaldson Co. Inc.	$2,746,000	–	43,230	–	0.02%	–
MMS	New	MAXIMUS, Inc.	$2,589,000	–	29,430	–	0.02%	–
CRI	New	Carters Inc	$2,647,000	–	25,660	–	0.02%	–
K	New	Kellogg Company	$2,480,000	–	38,550	–	0.02%	–
CPB	New	Campbell Soup Company	$2,153,000	–	47,220	–	0.02%	–
SMG	New	The Scotts Miracle-Gro Co.	$1,942,000	–	10,120	–	0.02%	–
TSCO	New	Tractor Supply Co	$2,047,000	–	11,000	–	0.02%	–
RTX	New	Raytheon Technologies Corp	$1,992,000	–	23,350	–	0.02%	–
BMY	New	Bristol Myers Squibb Co.	$1,762,000	–	26,375	–	0.01%	–
LIN	New	Linde plc SH	$1,235,000	–	4,270	–	0.01%	–
GWW	New	W.W. Grainger Inc.	$1,248,000	–	2,850	–	0.01%	–
TSM	New	Taiwan Semiconductor Manuf ADRadr	$1,176,000	–	9,790	–	0.01%	–
ON	New	ON Semiconductor Corp	$1,073,000	–	28,031	–	0.01%	–
RS	New	Reliance Steel And Aluminum Co	$310,000	–	2,056	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
RS	Exit	Reliance Steel And Aluminum Co	$0	–	-4,201	–	-0.00%	–
VRSK	Exit	Verisk Analytics Inc	$0	–	-2,370	–	-0.00%	–
TSM	Exit	Taiwan Semiconductor Manuf ADRsponsored ads	$0	–	-6,670	–	-0.01%	–
MDT	Exit	Medtronic PLC	$0	–	-5,090	–	-0.01%	–
MLHR	Exit	Herman Miller Inc.	$0	–	-19,620	–	-0.01%	–
NTAP	Exit	NetApp Inc.	$0	–	-17,400	–	-0.01%	–
TDC	Exit	Teradata Corp	$0	–	-34,760	–	-0.01%	–
XLNX	Exit	Xilinx Inc	$0	–	-8,760	–	-0.01%	–
SMG	Exit	The Scotts Miracle-Gro Co.	$0	–	-6,710	–	-0.01%	–
MCHP	Exit	Microchip Technology Inc	$0	–	-10,040	–	-0.01%	–
MMS	Exit	MAXIMUS, Inc.	$0	–	-16,730	–	-0.01%	–
CRI	Exit	Carters Inc	$0	–	-15,090	–	-0.01%	–
TSCO	Exit	Tractor Supply Co	$0	–	-9,500	–	-0.01%	–
CHD	Exit	Church & Dwight Co Inc	$0	–	-14,590	–	-0.01%	–
GWW	Exit	W.W. Grainger Inc.	$0	–	-3,700	–	-0.01%	–
LSTR	Exit	Landstar System Inc.	$0	–	-11,730	–	-0.01%	–
LEVI	Exit	Levi Strauss & Co	$0	–	-105,570	–	-0.01%	–
FFIV	Exit	F5 Networks Inc.	$0	–	-12,360	–	-0.01%	–
HAS	Exit	Hasbro Inc	$0	–	-18,230	–	-0.01%	–
KR	Exit	Kroger Company	$0	–	-42,760	–	-0.01%	–
K	Exit	Kellogg Company	$0	–	-25,330	–	-0.01%	–
DCI	Exit	Donaldson Co. Inc.	$0	–	-33,570	–	-0.01%	–
BMY	Exit	Bristol Myers Squibb Co.	$0	–	-27,175	–	-0.02%	–
BBY	Exit	Best Buy Co. Inc.	$0	–	-15,110	–	-0.02%	–
CPB	Exit	Campbell Soup Company	$0	–	-35,270	–	-0.02%	–
ON	Exit	ON Semiconductor Corp	$0	–	-82,391	–	-0.02%	–
CPRT	Exit	Copart Inc. (DE)	$0	–	-18,050	–	-0.02%	–
CBRE	Exit	CBRE Group Inc.	$0	–	-40,670	–	-0.02%	–
HRC	Exit	Hill-Rom Holdings Inc.	$0	–	-22,970	–	-0.02%	–
LIN	Exit	Linde plc SH	$0	–	-8,020	–	-0.02%	–
EXPD	Exit	Expeditors International of WA	$0	–	-21,490	–	-0.02%	–
LH	Exit	Laboratory Corp of America	$0	–	-11,090	–	-0.02%	–
RTX	Exit	Raytheon Technologies Corp	$0	–	-34,973	–	-0.02%	–
GPC	Exit	Genuine Parts Company	$0	–	-20,850	–	-0.02%	–
LII	Exit	Lennox International Inc.	$0	–	-7,860	–	-0.02%	–
ABBV	Exit	AbbVie Inc.	$0	–	-25,405	–	-0.02%	–
PAYX	Exit	Paychex Inc.	$0	–	-29,090	–	-0.02%	–
CCK	Exit	Crown Holdings Inc.	$0	–	-31,380	–	-0.02%	–
EHC	Exit	Encompass Health Corp	$0	–	-36,530	–	-0.02%	–
TROW	Exit	T Rowe Price Group Inc	$0	–	-32,436	–	-0.04%	–
CLX	Exit	Clorox Company	$0	–	-29,000	–	-0.05%	–
KO	Exit	Coca-Cola Company	$0	–	-134,930	–	-0.06%	–
EMR	Exit	Emerson Electric Co.	$0	–	-120,542	–	-0.07%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-104,499	–	-0.07%	–
WAT	Exit	Waters Corp	$0	–	-50,042	–	-0.09%	–
ORCL	Exit	Oracle Corporation	$0	–	-192,283	–	-0.10%	–
ABT	Exit	Abbott Laboratories	$0	–	-109,275	–	-0.10%	–
ECL	Exit	Ecolab Inc	$0	–	-75,992	–	-0.14%	–
ADBE	Exit	Adobe Systems Inc.	$0	–	-46,652	–	-0.20%	–
OMC	Exit	Omnicom Group Inc	$0	–	-1,202,973	–	-0.53%	–
APH	Exit	Amphenol Corp.	$0	–	-747,828	–	-0.72%	–
WM	Exit	Waste Management	$0	–	-985,830	–	-0.99%	–
TJX	Exit	TJX Companies Inc	$0	–	-3,403,555	–	-1.68%	–
TXN	Exit	Texas Instruments Inc	$0	–	-1,567,791	–	-1.98%	–
HD	Exit	Home Depot Inc.	$0	–	-809,175	–	-1.99%	–
EFX	Exit	Equifax Inc	$0	–	-1,521,920	–	-2.12%	–
BR	Exit	Broadridge Financial Solutions	$0	–	-1,909,854	–	-2.23%	–
ADP	Exit	Automatic Data Processing Inc.	$0	–	-1,807,026	–	-2.23%	–
SBUX	Exit	Starbucks Corp	$0	–	-2,999,657	–	-2.28%	–
PG	Exit	Procter & Gamble Co.	$0	–	-1,874,956	–	-2.31%	–
VFC	Exit	V.F. Corp	$0	–	-3,750,235	–	-2.33%	–
MA	Exit	Mastercard Inc.	$0	–	-834,734	–	-2.50%	–
INTU	Exit	Intuit Inc.	$0	–	-1,083,919	–	-3.13%	–
UPS	Exit	United Parcel Svc Cl B	$0	–	-2,200,961	–	-3.25%	–
CTSH	Exit	Cognizant Tech Solutions	$0	–	-5,284,820	–	-3.25%	–
GIS	Exit	General Mills Inc.	$0	–	-6,617,710	–	-3.62%	–
PFE	Exit	Pfizer Inc.	$0	–	-11,168,803	–	-3.63%	–
UNH	Exit	Unitedhealth Group Inc	$0	–	-1,415,753	–	-3.91%	–
SYK	Exit	Stryker Corp	$0	–	-2,422,843	–	-4.47%	–
AAPL	Exit	Apple Inc.	$0	–	-4,536,562	–	-4.65%	–
ACN	Exit	Accenture Plc	$0	–	-2,349,179	–	-4.70%	–
NKE	Exit	Nike Inc Cl B	$0	–	-4,307,572	–	-4.79%	–
MMM	Exit	3M Company	$0	–	-3,443,499	–	-4.89%	–
BDX	Exit	Becton Dickinson & Co.	$0	–	-2,668,891	–	-5.50%	–
GOOGL	Exit	Alphabet Inc Cap Stk Cl A	$0	–	-427,532	–	-5.55%	–
JNJ	Exit	Johnson & Johnson	$0	–	-4,318,348	–	-5.70%	–
PEP	Exit	PepsiCo Inc.	$0	–	-5,297,453	–	-6.50%	–
MSFT	Exit	Microsoft Corp	$0	–	-3,825,925	–	-7.13%	–

Q3 2020

			Value		Shares		↓ Weighting
MSFT	Sell	Microsoft Corp	$804,707,000	-3.2%	3,825,925	-6.4%	7.13%	-10.5%
PEP	Buy	PepsiCo Inc.	$734,227,000	+4.9%	5,297,453	+0.1%	6.50%	-2.9%
JNJ	Buy	Johnson & Johnson	$642,916,000	+6.0%	4,318,348	+0.1%	5.70%	-1.9%
GOOGL	Buy	Alphabet Inc Cap Stk Cl A	$626,591,000	+3.6%	427,532	+0.3%	5.55%	-4.1%
BDX	Sell	Becton Dickinson & Co.	$620,997,000	-2.9%	2,668,891	-0.1%	5.50%	-10.1%
MMM	Buy	3M Company	$551,580,000	+2.8%	3,443,499	+0.1%	4.89%	-4.8%
NKE	Buy	Nike Inc Cl B	$540,773,000	+28.4%	4,307,572	+0.3%	4.79%	+18.8%
ACN	Buy	Accenture Plc	$530,891,000	+5.4%	2,349,179	+0.1%	4.70%	-2.5%
AAPL	Buy	Apple Inc.	$525,379,000	-2.9%	4,536,562	+205.7%	4.65%	-10.2%
SYK	Buy	Stryker Corp	$504,848,000	+22.5%	2,422,843	+6.0%	4.47%	+13.4%
UNH	Sell	Unitedhealth Group Inc	$441,389,000	-6.1%	1,415,753	-11.1%	3.91%	-13.1%
PFE	Buy	Pfizer Inc.	$409,895,000	+20.5%	11,168,803	+7.3%	3.63%	+11.4%
GIS	Buy	General Mills Inc.	$408,180,000	+8.1%	6,617,710	+8.1%	3.62%	+0.1%
CTSH	Sell	Cognizant Tech Solutions	$366,872,000	+22.2%	5,284,820	-0.0%	3.25%	+13.0%
UPS	Sell	United Parcel Svc Cl B	$366,746,000	+9.3%	2,200,961	-27.1%	3.25%	+1.1%
INTU	Buy	Intuit Inc.	$353,585,000	+10.5%	1,083,919	+0.3%	3.13%	+2.2%
MA	Buy	Mastercard Inc.	$282,282,000	+14.7%	834,734	+0.3%	2.50%	+6.1%
VFC	Buy	V.F. Corp	$263,454,000	+15.5%	3,750,235	+0.2%	2.33%	+6.9%
PG	Sell	Procter & Gamble Co.	$260,600,000	+11.3%	1,874,956	-4.3%	2.31%	+3.0%
SBUX	Buy	Starbucks Corp	$257,731,000	+33.3%	2,999,657	+14.1%	2.28%	+23.3%
BR	Buy	Broadridge Financial Solutions	$252,101,000	+5.1%	1,909,854	+0.5%	2.23%	-2.8%
ADP	Buy	Automatic Data Processing Inc.	$252,062,000	+21.2%	1,807,026	+29.4%	2.23%	+12.2%
EFX	Buy	Equifax Inc	$238,789,000	+3.1%	1,521,920	+13.0%	2.12%	-4.6%
HD	New	Home Depot Inc.	$224,716,000	–	809,175	–	1.99%	–
TXN	Buy	Texas Instruments Inc	$223,865,000	+12.8%	1,567,791	+0.3%	1.98%	+4.3%
TJX	Buy	TJX Companies Inc	$189,408,000	+10.3%	3,403,555	+0.2%	1.68%	+2.1%
WM	New	Waste Management	$111,566,000	–	985,830	–	0.99%	–
APH	Sell	Amphenol Corp.	$80,967,000	+12.1%	747,828	-0.8%	0.72%	+3.6%
OMC	Sell	Omnicom Group Inc	$59,547,000	-33.8%	1,202,973	-26.9%	0.53%	-38.8%
ADBE	Sell	Adobe Systems Inc.	$22,880,000	+5.3%	46,652	-6.6%	0.20%	-2.4%
ECL	Sell	Ecolab Inc	$15,186,000	-1.6%	75,992	-2.0%	0.14%	-8.8%
ABT	Sell	Abbott Laboratories	$11,892,000	+13.9%	109,275	-4.3%	0.10%	+5.0%
ORCL	Sell	Oracle Corporation	$11,479,000	-93.7%	192,283	-94.1%	0.10%	-94.1%
WAT	Sell	Waters Corp	$9,792,000	-2.6%	50,042	-10.2%	0.09%	-9.4%
CL	Sell	Colgate-Palmolive Co	$8,062,000	-3.2%	104,499	-8.1%	0.07%	-11.2%
EMR	Sell	Emerson Electric Co.	$7,904,000	-90.2%	120,542	-90.8%	0.07%	-91.0%
KO	Sell	Coca-Cola Company	$6,661,000	+2.3%	134,930	-7.4%	0.06%	-4.8%
CLX	Sell	Clorox Company	$6,095,000	-12.7%	29,000	-8.9%	0.05%	-19.4%
CCK	Buy	Crown Holdings Inc.	$2,412,000	+39.1%	31,380	+17.8%	0.02%	+23.5%
EHC	Buy	Encompass Health Corp	$2,374,000	+41.6%	36,530	+34.9%	0.02%	+31.2%
PAYX	Buy	Paychex Inc.	$2,321,000	+11.2%	29,090	+5.5%	0.02%	+5.0%
RTX	Sell	Raytheon Technologies Corp	$2,012,000	-16.9%	34,973	-10.9%	0.02%	-21.7%
LH	Buy	Laboratory Corp of America	$2,088,000	+26.7%	11,090	+11.8%	0.02%	+12.5%
GPC	Buy	Genuine Parts Company	$1,984,000	+32.6%	20,850	+21.2%	0.02%	+28.6%
CPRT	Buy	Copart Inc. (DE)	$1,898,000	+59.5%	18,050	+26.3%	0.02%	+54.5%
EXPD	Buy	Expeditors International of WA	$1,945,000	+37.0%	21,490	+15.1%	0.02%	+21.4%
CBRE	Buy	CBRE Group Inc.	$1,910,000	+17.7%	40,670	+13.3%	0.02%	+6.2%
HRC	Buy	Hill-Rom Holdings Inc.	$1,918,000	+29.7%	22,970	+70.5%	0.02%	+21.4%
LIN	Sell	Linde plc SH	$1,910,000	+2.3%	8,020	-8.9%	0.02%	-5.6%
ON	Buy	ON Semiconductor Corp	$1,787,000	+22.7%	82,391	+12.1%	0.02%	+14.3%
BBY	Sell	Best Buy Co. Inc.	$1,682,000	+23.9%	15,110	-2.8%	0.02%	+15.4%
CPB	Buy	Campbell Soup Company	$1,706,000	+47.2%	35,270	+51.0%	0.02%	+36.4%
K	Buy	Kellogg Company	$1,636,000	+44.8%	25,330	+48.0%	0.01%	+27.3%
DCI	Buy	Donaldson Co. Inc.	$1,558,000	+55.3%	33,570	+55.7%	0.01%	+40.0%
FFIV	Buy	F5 Networks Inc.	$1,517,000	+30.6%	12,360	+48.4%	0.01%	+18.2%
HAS	Buy	Hasbro Inc	$1,508,000	+55.3%	18,230	+40.7%	0.01%	+44.4%
LEVI	Buy	Levi Strauss & Co	$1,415,000	+80.9%	105,570	+81.0%	0.01%	+85.7%
KR	Buy	Kroger Company	$1,450,000	+45.7%	42,760	+45.5%	0.01%	+30.0%
CRI	Buy	Carters Inc	$1,306,000	+19.7%	15,090	+11.6%	0.01%	+20.0%
TSCO	Sell	Tractor Supply Co	$1,362,000	+1.6%	9,500	-6.6%	0.01%	-7.7%
MMS	New	MAXIMUS, Inc.	$1,144,000	–	16,730	–	0.01%	–
MCHP	New	Microchip Technology Inc	$1,032,000	–	10,040	–	0.01%	–
XLNX	Buy	Xilinx Inc	$913,000	+44.5%	8,760	+36.4%	0.01%	+33.3%
NTAP	Buy	NetApp Inc.	$763,000	+24.3%	17,400	+25.7%	0.01%	+16.7%
TDC	Buy	Teradata Corp	$789,000	+37.0%	34,760	+25.4%	0.01%	+16.7%
TSM	Buy	Taiwan Semiconductor Manuf ADRsponsored ads	$541,000	+158.9%	6,670	+80.8%	0.01%	+150.0%
RS	Sell	Reliance Steel And Aluminum Co	$429,000	+4.9%	4,201	-2.6%	0.00%	0.0%
VRSK	New	Verisk Analytics Inc	$439,000	–	2,370	–	0.00%	–
VAR	Exit	Varian Medical Systems	$0	–	-13,010	–	-0.02%	–

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp	$831,727,000	–	4,086,908	–	7.96%	–
PEP	New	PepsiCo Inc.	$699,640,000	–	5,289,882	–	6.70%	–
BDX	New	Becton Dickinson & Co.	$639,240,000	–	2,671,628	–	6.12%	–
JNJ	New	Johnson & Johnson	$606,730,000	–	4,314,368	–	5.81%	–
GOOGL	New	Alphabet Inc Cap Stk Cl A	$604,620,000	–	426,374	–	5.79%	–
AAPL	New	Apple Inc.	$541,292,000	–	1,483,804	–	5.18%	–
MMM	New	3M Company	$536,460,000	–	3,439,064	–	5.14%	–
ACN	New	Accenture Plc	$503,851,000	–	2,346,548	–	4.82%	–
UNH	New	Unitedhealth Group Inc	$469,861,000	–	1,593,018	–	4.50%	–
NKE	New	Nike Inc Cl B	$421,239,000	–	4,296,162	–	4.03%	–
SYK	New	Stryker Corp	$411,987,000	–	2,286,403	–	3.94%	–
GIS	New	General Mills Inc.	$377,427,000	–	6,122,089	–	3.61%	–
PFE	New	Pfizer Inc.	$340,303,000	–	10,406,823	–	3.26%	–
UPS	New	United Parcel Svc Cl B	$335,650,000	–	3,018,976	–	3.21%	–
INTU	New	Intuit Inc.	$320,131,000	–	1,080,829	–	3.06%	–
CTSH	New	Cognizant Tech Solutions	$300,285,000	–	5,284,840	–	2.88%	–
MA	New	Mastercard Inc.	$246,211,000	–	832,639	–	2.36%	–
BR	New	Broadridge Financial Solutions	$239,914,000	–	1,901,214	–	2.30%	–
PG	New	Procter & Gamble Co.	$234,148,000	–	1,958,251	–	2.24%	–
EFX	New	Equifax Inc	$231,580,000	–	1,347,335	–	2.22%	–
VFC	New	V.F. Corp	$228,082,000	–	3,742,735	–	2.18%	–
ADP	New	Automatic Data Processing Inc.	$207,894,000	–	1,396,294	–	1.99%	–
TXN	New	Texas Instruments Inc	$198,544,000	–	1,563,711	–	1.90%	–
SBUX	New	Starbucks Corp	$193,385,000	–	2,627,865	–	1.85%	–
ORCL	New	Oracle Corporation	$181,175,000	–	3,278,006	–	1.73%	–
TJX	New	TJX Companies Inc	$171,785,000	–	3,397,645	–	1.64%	–
OMC	New	Omnicom Group Inc	$89,896,000	–	1,646,438	–	0.86%	–
EMR	New	Emerson Electric Co.	$80,972,000	–	1,305,375	–	0.78%	–
APH	New	Amphenol Corp.	$72,240,000	–	753,993	–	0.69%	–
ADBE	New	Adobe Systems Inc.	$21,732,000	–	49,922	–	0.21%	–
ECL	New	Ecolab Inc	$15,429,000	–	77,552	–	0.15%	–
ABT	New	Abbott Laboratories	$10,439,000	–	114,175	–	0.10%	–
WAT	New	Waters Corp	$10,049,000	–	55,702	–	0.10%	–
CL	New	Colgate-Palmolive Co	$8,330,000	–	113,699	–	0.08%	–
CLX	New	Clorox Company	$6,980,000	–	31,820	–	0.07%	–
KO	New	Coca-Cola Company	$6,510,000	–	145,712	–	0.06%	–
TROW	New	T Rowe Price Group Inc	$4,006,000	–	32,436	–	0.04%	–
ABBV	New	AbbVie Inc.	$2,494,000	–	25,405	–	0.02%	–
RTX	New	Raytheon Technologies Corp	$2,420,000	–	39,273	–	0.02%	–
PAYX	New	Paychex Inc.	$2,088,000	–	27,570	–	0.02%	–
LII	New	Lennox International Inc.	$1,831,000	–	7,860	–	0.02%	–
LIN	New	Linde plc SH	$1,867,000	–	8,800	–	0.02%	–
CCK	New	Crown Holdings Inc.	$1,734,000	–	26,630	–	0.02%	–
CBRE	New	CBRE Group Inc.	$1,623,000	–	35,900	–	0.02%	–
EHC	New	Encompass Health Corp	$1,677,000	–	27,080	–	0.02%	–
LH	New	Laboratory Corp of America	$1,648,000	–	9,920	–	0.02%	–
BMY	New	Bristol Myers Squibb Co.	$1,598,000	–	27,175	–	0.02%	–
VAR	New	Varian Medical Systems	$1,594,000	–	13,010	–	0.02%	–
HRC	New	Hill-Rom Holdings Inc.	$1,479,000	–	13,470	–	0.01%	–
GPC	New	Genuine Parts Company	$1,496,000	–	17,200	–	0.01%	–
ON	New	ON Semiconductor Corp	$1,456,000	–	73,471	–	0.01%	–
EXPD	New	Expeditors International of WA	$1,420,000	–	18,670	–	0.01%	–
TSCO	New	Tractor Supply Co	$1,340,000	–	10,170	–	0.01%	–
BBY	New	Best Buy Co. Inc.	$1,357,000	–	15,550	–	0.01%	–
LSTR	New	Landstar System Inc.	$1,317,000	–	11,730	–	0.01%	–
GWW	New	W.W. Grainger Inc.	$1,162,000	–	3,700	–	0.01%	–
CHD	New	Church & Dwight Co Inc	$1,128,000	–	14,590	–	0.01%	–
CPRT	New	Copart Inc. (DE)	$1,190,000	–	14,290	–	0.01%	–
CPB	New	Campbell Soup Company	$1,159,000	–	23,350	–	0.01%	–
FFIV	New	F5 Networks Inc.	$1,162,000	–	8,330	–	0.01%	–
K	New	Kellogg Company	$1,130,000	–	17,110	–	0.01%	–
DCI	New	Donaldson Co. Inc.	$1,003,000	–	21,560	–	0.01%	–
CRI	New	Carters Inc	$1,091,000	–	13,520	–	0.01%	–
KR	New	Kroger Company	$995,000	–	29,390	–	0.01%	–
HAS	New	Hasbro Inc	$971,000	–	12,960	–	0.01%	–
SMG	New	The Scotts Miracle-Gro Co.	$902,000	–	6,710	–	0.01%	–
LEVI	New	Levi Strauss & Co	$782,000	–	58,330	–	0.01%	–
XLNX	New	Xilinx Inc	$632,000	–	6,420	–	0.01%	–
TDC	New	Teradata Corp	$576,000	–	27,710	–	0.01%	–
NTAP	New	NetApp Inc.	$614,000	–	13,840	–	0.01%	–
RS	New	Reliance Steel And Aluminum Co	$409,000	–	4,311	–	0.00%	–
MLHR	New	Herman Miller Inc.	$463,000	–	19,620	–	0.00%	–
MDT	New	Medtronic PLC	$467,000	–	5,090	–	0.00%	–
TSM	New	Taiwan Semiconductor Manuf ADS	$209,000	–	3,690	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
OI	Exit	Owens-Illinois Inc.	$0	–	-32,620	–	-0.00%	–
DCI	Exit	Donaldson Co. Inc.	$0	–	-8,250	–	-0.01%	–
HBI	Exit	Hanesbrands Inc.	$0	–	-30,380	–	-0.01%	–
EMN	Exit	Eastman Chemical Co.	$0	–	-6,100	–	-0.01%	–
MDT	Exit	Medtronic PLC	$0	–	-5,090	–	-0.01%	–
AMG	Exit	Affiliated Managers Group	$0	–	-6,860	–	-0.01%	–
CTXS	Exit	Citrix Systems Inc.	$0	–	-7,040	–	-0.01%	–
ROK	Exit	Rockwell Automation Inc.	$0	–	-4,730	–	-0.01%	–
WU	Exit	Western Union	$0	–	-31,260	–	-0.01%	–
MLHR	Exit	Herman Miller Inc.	$0	–	-16,840	–	-0.01%	–
CBRL	Exit	Cracker Barrel Old Country Sto	$0	–	-4,810	–	-0.01%	–
CHH	Exit	Choice Hotels Intl	$0	–	-9,520	–	-0.01%	–
NTAP	Exit	NetApp Inc.	$0	–	-16,600	–	-0.01%	–
CPB	Exit	Campbell Soup Company	$0	–	-18,430	–	-0.01%	–
HSY	Exit	Hershey Co.	$0	–	-5,770	–	-0.01%	–
CRI	Exit	Carters Inc	$0	–	-10,360	–	-0.01%	–
LII	Exit	Lennox International Inc.	$0	–	-3,710	–	-0.01%	–
EXPD	Exit	Expeditors International of WA	$0	–	-13,890	–	-0.01%	–
RS	Exit	Reliance Steel And Aluminum Co	$0	–	-10,422	–	-0.01%	–
HAS	Exit	Hasbro Inc	$0	–	-8,330	–	-0.01%	–
TSCO	Exit	Tractor Supply Co	$0	–	-11,350	–	-0.01%	–
GWW	Exit	W.W. Grainger Inc.	$0	–	-3,560	–	-0.01%	–
TDC	Exit	Teradata Corp	$0	–	-32,930	–	-0.01%	–
SMG	Exit	The Scotts Miracle-Gro Co.	$0	–	-10,060	–	-0.01%	–
KR	Exit	Kroger Company	$0	–	-42,190	–	-0.01%	–
MIDD	Exit	Middleby Corporation	$0	–	-9,430	–	-0.01%	–
BBY	Exit	Best Buy Co. Inc.	$0	–	-16,310	–	-0.01%	–
LSTR	Exit	Landstar System Inc.	$0	–	-9,790	–	-0.01%	–
ON	Exit	ON Semiconductor Corp	$0	–	-59,651	–	-0.01%	–
CCK	Exit	Crown Holdings Inc.	$0	–	-17,200	–	-0.01%	–
GPC	Exit	Genuine Parts Company	$0	–	-11,010	–	-0.01%	–
LH	Exit	Laboratory Corp of America	$0	–	-7,280	–	-0.01%	–
VAR	Exit	Varian Medical Systems	$0	–	-11,080	–	-0.01%	–
BMY	Exit	Bristol Myers Squibb Co.	$0	–	-26,000	–	-0.01%	–
EHC	Exit	Encompass Health Corp	$0	–	-24,720	–	-0.02%	–
CBRE	Exit	CBRE Group Inc.	$0	–	-30,000	–	-0.02%	–
ABBV	Exit	AbbVie Inc.	$0	–	-25,405	–	-0.02%	–
PAYX	Exit	Paychex Inc.	$0	–	-23,490	–	-0.02%	–
LIN	Exit	Linde plc SH	$0	–	-17,920	–	-0.04%	–
TROW	Exit	T Rowe Price Group Inc	$0	–	-32,731	–	-0.04%	–
CLX	Exit	Clorox Company	$0	–	-33,720	–	-0.06%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-110,899	–	-0.09%	–
KO	Exit	Coca-Cola Company	$0	–	-151,092	–	-0.09%	–
ABT	Exit	Abbott Laboratories	$0	–	-114,870	–	-0.10%	–
ADBE	Exit	Adobe Systems Inc.	$0	–	-52,682	–	-0.16%	–
EFX	Exit	Equifax Inc	$0	–	-117,315	–	-0.18%	–
ADP	Exit	Automatic Data Processing Inc.	$0	–	-114,380	–	-0.20%	–
WAT	Exit	Waters Corp	$0	–	-326,682	–	-0.78%	–
INTU	Exit	Intuit Inc.	$0	–	-311,255	–	-0.88%	–
TXN	Exit	Texas Instruments Inc	$0	–	-1,171,302	–	-1.62%	–
APH	Exit	Amphenol Corp.	$0	–	-1,793,687	–	-1.85%	–
TJX	Exit	TJX Companies Inc	$0	–	-3,203,605	–	-1.91%	–
MA	Exit	Mastercard Inc.	$0	–	-663,140	–	-1.92%	–
BR	Exit	Broadridge Financial Solutions	$0	–	-1,495,683	–	-1.99%	–
PG	Exit	Procter & Gamble Co.	$0	–	-1,522,047	–	-2.02%	–
VFC	Exit	V.F. Corp	$0	–	-2,591,365	–	-2.46%	–
GIS	Exit	General Mills Inc.	$0	–	-4,340,245	–	-2.56%	–
EMR	Exit	Emerson Electric Co.	$0	–	-3,625,070	–	-2.59%	–
UPS	Exit	United Parcel Svc Cl B	$0	–	-2,116,041	–	-2.71%	–
NKE	Exit	Nike Inc Cl B	$0	–	-2,769,483	–	-2.78%	–
ECL	Exit	Ecolab Inc	$0	–	-1,330,906	–	-2.82%	–
CTSH	Exit	Cognizant Tech Solutions	$0	–	-4,473,761	–	-2.88%	–
OMC	Exit	Omnicom Group Inc	$0	–	-3,471,798	–	-2.90%	–
PFE	Exit	Pfizer Inc.	$0	–	-8,361,283	–	-3.21%	–
SYK	Exit	Stryker Corp	$0	–	-1,473,205	–	-3.40%	–
AAPL	Exit	Apple Inc.	$0	–	-1,603,065	–	-3.84%	–
GOOGL	Exit	Alphabet Inc Cap Stk Cl A	$0	–	-298,144	–	-3.89%	–
ACN	Exit	Accenture Plc	$0	–	-1,932,778	–	-3.97%	–
UNH	Exit	Unitedhealth Group Inc	$0	–	-1,834,278	–	-4.26%	–
ORCL	Exit	Oracle Corporation	$0	–	-8,138,475	–	-4.78%	–
MMM	Exit	3M Company	$0	–	-2,817,277	–	-4.95%	–
JNJ	Exit	Johnson & Johnson	$0	–	-3,741,610	–	-5.17%	–
UTX	Exit	United Technologies Corp	$0	–	-3,955,903	–	-5.77%	–
BDX	Exit	Becton Dickinson & Co.	$0	–	-2,507,181	–	-6.78%	–
MSFT	Exit	Microsoft Corp	$0	–	-4,669,077	–	-6.94%	–
PEP	Exit	PepsiCo Inc.	$0	–	-4,794,135	–	-7.02%	–

Q3 2019

			Value		Shares		↓ Weighting
PEP	Buy	PepsiCo Inc.	$657,276,000	+12.5%	4,794,135	+7.6%	7.02%	+5.3%
MSFT	Buy	Microsoft Corp	$649,142,000	+5.7%	4,669,077	+1.8%	6.94%	-1.0%
BDX	Buy	Becton Dickinson & Co.	$634,216,000	+9.1%	2,507,181	+8.7%	6.78%	+2.2%
UTX	Sell	United Technologies Corp	$540,060,000	+4.5%	3,955,903	-0.3%	5.77%	-2.1%
JNJ	Buy	Johnson & Johnson	$484,090,000	+19.7%	3,741,610	+28.9%	5.17%	+12.1%
MMM	Buy	3M Company	$463,160,000	+16.3%	2,817,277	+22.7%	4.95%	+9.0%
ORCL	Buy	Oracle Corporation	$447,860,000	-1.4%	8,138,475	+2.1%	4.78%	-7.7%
UNH	Buy	Unitedhealth Group Inc	$398,625,000	-10.1%	1,834,278	+0.9%	4.26%	-15.8%
ACN	Buy	Accenture Plc	$371,770,000	+6.0%	1,932,778	+1.8%	3.97%	-0.7%
GOOGL	Buy	Alphabet Inc Cap Stk Cl A	$364,076,000	+48.7%	298,144	+31.9%	3.89%	+39.3%
AAPL	Buy	Apple Inc.	$359,038,000	+15.4%	1,603,065	+2.0%	3.84%	+8.1%
SYK	Sell	Stryker Corp	$318,654,000	-25.1%	1,473,205	-28.8%	3.40%	-29.8%
PFE	Buy	Pfizer Inc.	$300,421,000	+8.1%	8,361,283	+30.3%	3.21%	+1.3%
OMC	Buy	Omnicom Group Inc	$271,842,000	-1.3%	3,471,798	+3.3%	2.90%	-7.6%
CTSH	Buy	Cognizant Tech Solutions	$269,611,000	-2.9%	4,473,761	+2.1%	2.88%	-9.1%
ECL	Sell	Ecolab Inc	$263,573,000	-31.9%	1,330,906	-32.1%	2.82%	-36.2%
NKE	Buy	Nike Inc Cl B	$260,110,000	+28.6%	2,769,483	+14.9%	2.78%	+20.4%
UPS	Buy	United Parcel Svc Cl B	$253,544,000	+20.0%	2,116,041	+3.5%	2.71%	+12.4%
EMR	Buy	Emerson Electric Co.	$242,372,000	+4.1%	3,625,070	+3.8%	2.59%	-2.5%
GIS	Buy	General Mills Inc.	$239,234,000	+18546.5%	4,340,245	+17673.3%	2.56%	+16940.0%
VFC	Buy	V.F. Corp	$230,606,000	+54.4%	2,591,365	+51.5%	2.46%	+44.6%
PG	Sell	Procter & Gamble Co.	$189,312,000	-33.2%	1,522,047	-41.1%	2.02%	-37.4%
BR	Buy	Broadridge Financial Solutions	$186,108,000	+24.4%	1,495,683	+27.6%	1.99%	+16.5%
MA	Sell	Mastercard Inc.	$180,089,000	-12.7%	663,140	-14.9%	1.92%	-18.2%
TJX	Sell	TJX Companies Inc	$178,569,000	+4.9%	3,203,605	-0.5%	1.91%	-1.8%
APH	Buy	Amphenol Corp.	$173,091,000	+2.4%	1,793,687	+1.9%	1.85%	-4.1%
TXN	Buy	Texas Instruments Inc	$151,379,000	+67.1%	1,171,302	+48.4%	1.62%	+56.4%
INTU	Sell	Intuit Inc.	$82,775,000	-36.6%	311,255	-37.7%	0.88%	-40.6%
WAT	Sell	Waters Corp	$72,925,000	-24.1%	326,682	-26.9%	0.78%	-29.0%
ADP	Sell	Automatic Data Processing Inc.	$18,463,000	-3.0%	114,380	-0.7%	0.20%	-9.2%
EFX	Sell	Equifax Inc	$16,503,000	+2.8%	117,315	-1.2%	0.18%	-3.8%
ADBE	Sell	Adobe Systems Inc.	$14,553,000	-7.0%	52,682	-0.8%	0.16%	-13.4%
ABT	Sell	Abbott Laboratories	$9,611,000	-2.9%	114,870	-2.4%	0.10%	-8.8%
KO	Sell	Coca-Cola Company	$8,225,000	+4.0%	151,092	-2.7%	0.09%	-2.2%
CL	Sell	Colgate-Palmolive Co	$8,152,000	+1.4%	110,899	-1.1%	0.09%	-5.4%
CLX	Sell	Clorox Company	$5,121,000	-3.0%	33,720	-2.2%	0.06%	-8.3%
TROW	Sell	T Rowe Price Group Inc	$3,740,000	+4.0%	32,731	-0.2%	0.04%	-2.4%
LIN	Sell	Linde plc SH	$3,471,000	-7.7%	17,920	-4.3%	0.04%	-14.0%
PAYX	Sell	Paychex Inc.	$1,944,000	-3.3%	23,490	-3.8%	0.02%	-8.7%
CBRE	Buy	CBRE Group Inc.	$1,590,000	+16.7%	30,000	+13.0%	0.02%	+6.2%
EHC	Buy	Encompass Health Corp	$1,564,000	+12.6%	24,720	+12.8%	0.02%	+6.2%
VAR	Buy	Varian Medical Systems	$1,320,000	+79.8%	11,080	+105.6%	0.01%	+75.0%
LH	Buy	Laboratory Corp of America	$1,223,000	+35.7%	7,280	+39.7%	0.01%	+30.0%
BBY	Buy	Best Buy Co. Inc.	$1,125,000	+28.3%	16,310	+29.7%	0.01%	+20.0%
KR	Buy	Kroger Company	$1,088,000	+25.9%	42,190	+6.0%	0.01%	+20.0%
MIDD	Buy	Middleby Corporation	$1,102,000	+0.7%	9,430	+17.0%	0.01%	0.0%
ON	Buy	ON Semiconductor Corp	$1,146,000	+21.8%	59,651	+28.1%	0.01%	+9.1%
GPC	Buy	Genuine Parts Company	$1,096,000	+12.0%	11,010	+16.5%	0.01%	+9.1%
LSTR	Buy	Landstar System Inc.	$1,102,000	+15.2%	9,790	+10.5%	0.01%	+9.1%
CCK	Buy	Crown Holdings Inc.	$1,136,000	+16.4%	17,200	+7.7%	0.01%	+9.1%
SMG	Sell	The Scotts Miracle-Gro Co.	$1,024,000	-12.2%	10,060	-15.0%	0.01%	-15.4%
TDC	Buy	Teradata Corp	$1,021,000	+12.0%	32,930	+29.4%	0.01%	+10.0%
EXPD	Buy	Expeditors International of WA	$1,032,000	+31.3%	13,890	+34.1%	0.01%	+22.2%
TSCO	Buy	Tractor Supply Co	$1,026,000	+0.1%	11,350	+20.5%	0.01%	-8.3%
GWW	Buy	W.W. Grainger Inc.	$1,058,000	+43.0%	3,560	+29.0%	0.01%	+37.5%
HAS	Sell	Hasbro Inc	$989,000	+2.5%	8,330	-8.8%	0.01%	0.0%
RS	Sell	Reliance Steel And Aluminum Co	$1,039,000	-29.3%	10,422	-32.9%	0.01%	-35.3%
HSY	Sell	Hershey Co.	$894,000	-20.2%	5,770	-31.0%	0.01%	-23.1%
CRI	Buy	Carters Inc	$945,000	+15.5%	10,360	+23.5%	0.01%	+11.1%
LII	Sell	Lennox International Inc.	$901,000	-17.7%	3,710	-6.8%	0.01%	-16.7%
NTAP	Buy	NetApp Inc.	$872,000	-5.5%	16,600	+11.0%	0.01%	-18.2%
CPB	Buy	Campbell Soup Company	$865,000	+44.2%	18,430	+23.1%	0.01%	+28.6%
CBRL	Buy	Cracker Barrel Old Country Sto	$782,000	+8.0%	4,810	+13.4%	0.01%	0.0%
WU	Sell	Western Union	$724,000	+2.0%	31,260	-12.4%	0.01%	0.0%
DCI	New	Donaldson Co. Inc.	$430,000	–	8,250	–	0.01%	–
CR	Exit	Crane Company	$0	–	-4,490	–	-0.00%	–
FHI	Exit	Federated Investors Inc.	$0	–	-11,950	–	-0.00%	–

Q2 2019

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp	$614,352,000	–	4,586,088	–	7.01%	–
PEP	New	PepsiCo Inc.	$584,499,000	–	4,457,400	–	6.67%	–
BDX	New	Becton Dickinson & Co.	$581,371,000	–	2,306,936	–	6.63%	–
UTX	New	United Technologies Corp	$516,705,000	–	3,968,549	–	5.90%	–
ORCL	New	Oracle Corporation	$454,243,000	–	7,973,375	–	5.18%	–
UNH	New	Unitedhealth Group Inc	$443,437,000	–	1,817,289	–	5.06%	–
SYK	New	Stryker Corp	$425,256,000	–	2,068,565	–	4.85%	–
JNJ	New	Johnson & Johnson	$404,422,000	–	2,903,660	–	4.61%	–
MMM	New	3M Company	$398,105,000	–	2,296,670	–	4.54%	–
ECL	New	Ecolab Inc	$386,970,000	–	1,959,938	–	4.42%	–
ACN	New	Accenture Plc	$350,663,000	–	1,897,836	–	4.00%	–
AAPL	New	Apple Inc.	$311,159,000	–	1,572,147	–	3.55%	–
PG	New	Procter & Gamble Co.	$283,475,000	–	2,585,267	–	3.23%	–
PFE	New	Pfizer Inc.	$277,887,000	–	6,414,753	–	3.17%	–
CTSH	New	Cognizant Tech Solutions	$277,780,000	–	4,382,086	–	3.17%	–
OMC	New	Omnicom Group Inc	$275,547,000	–	3,362,378	–	3.14%	–
GOOGL	New	Alphabet Inc Cap Stk Cl A	$244,798,000	–	226,079	–	2.79%	–
EMR	New	Emerson Electric Co.	$232,919,000	–	3,490,998	–	2.66%	–
UPS	New	United Parcel Svc Cl B	$211,220,000	–	2,045,321	–	2.41%	–
MA	New	Mastercard Inc.	$206,235,000	–	779,627	–	2.35%	–
NKE	New	Nike Inc Cl B	$202,294,000	–	2,409,693	–	2.31%	–
TJX	New	TJX Companies Inc	$170,184,000	–	3,218,310	–	1.94%	–
APH	New	Amphenol Corp.	$168,960,000	–	1,761,103	–	1.93%	–
BR	New	Broadridge Financial Solutions, Inc.	$149,617,000	–	1,171,813	–	1.71%	–
VFC	New	V.F. Corp	$149,388,000	–	1,710,220	–	1.70%	–
INTU	New	Intuit Inc.	$130,460,000	–	499,215	–	1.49%	–
WAT	New	Waters Corp	$96,134,000	–	446,637	–	1.10%	–
TXN	New	Texas Instruments Inc	$90,597,000	–	789,447	–	1.03%	–
ADP	New	Automatic Data Processing Inc.	$19,042,000	–	115,175	–	0.22%	–
EFX	New	Equifax Inc	$16,059,000	–	118,745	–	0.18%	–
ADBE	New	Adobe Systems Inc.	$15,649,000	–	53,111	–	0.18%	–
ABT	New	Abbott Laboratories	$9,899,000	–	117,702	–	0.11%	–
CL	New	Colgate-Palmolive Co	$8,038,000	–	112,159	–	0.09%	–
KO	New	Coca-Cola Company	$7,909,000	–	155,329	–	0.09%	–
CLX	New	Clorox Company	$5,278,000	–	34,470	–	0.06%	–
LIN	New	Linde plc SH	$3,761,000	–	18,730	–	0.04%	–
TROW	New	T Rowe Price Group Inc	$3,596,000	–	32,781	–	0.04%	–
PAYX	New	Paychex Inc.	$2,010,000	–	24,420	–	0.02%	–
ABBV	New	AbbVie Inc.	$1,847,000	–	25,405	–	0.02%	–
RS	New	Reliance Steel And Aluminum Co	$1,469,000	–	15,522	–	0.02%	–
EHC	New	Encompass Health Corp	$1,389,000	–	21,920	–	0.02%	–
CBRE	New	CBRE Group Inc.	$1,363,000	–	26,560	–	0.02%	–
GIS	New	General Mills Inc.	$1,283,000	–	24,420	–	0.02%	–
SMG	New	The Scotts Miracle-Gro Co.	$1,166,000	–	11,840	–	0.01%	–
BMY	New	Bristol Myers Squibb Co.	$1,179,000	–	26,000	–	0.01%	–
HSY	New	Hershey Co.	$1,120,000	–	8,360	–	0.01%	–
TSCO	New	Tractor Supply Co	$1,025,000	–	9,420	–	0.01%	–
LII	New	Lennox International Inc.	$1,095,000	–	3,980	–	0.01%	–
MIDD	New	Middleby Corporation	$1,094,000	–	8,060	–	0.01%	–
LSTR	New	Landstar System Inc.	$957,000	–	8,860	–	0.01%	–
ON	New	ON Semiconductor Corp	$941,000	–	46,561	–	0.01%	–
CCK	New	Crown Holdings Inc.	$976,000	–	15,970	–	0.01%	–
GPC	New	Genuine Parts Company	$979,000	–	9,450	–	0.01%	–
NTAP	New	NetApp Inc.	$923,000	–	14,960	–	0.01%	–
HAS	New	Hasbro Inc	$965,000	–	9,130	–	0.01%	–
LH	New	Laboratory Corp of America	$901,000	–	5,210	–	0.01%	–
KR	New	Kroger Company	$864,000	–	39,810	–	0.01%	–
BBY	New	Best Buy Co. Inc.	$877,000	–	12,580	–	0.01%	–
TDC	New	Teradata Corp	$912,000	–	25,440	–	0.01%	–
EXPD	New	Expeditors International of WA	$786,000	–	10,360	–	0.01%	–
ROK	New	Rockwell Automation Inc.	$775,000	–	4,730	–	0.01%	–
MLHR	New	Herman Miller Inc.	$753,000	–	16,840	–	0.01%	–
CHH	New	Choice Hotels Intl	$828,000	–	9,520	–	0.01%	–
CRI	New	Carters Inc	$818,000	–	8,390	–	0.01%	–
CTXS	New	Citrix Systems Inc.	$691,000	–	7,040	–	0.01%	–
VAR	New	Varian Medical Systems	$734,000	–	5,390	–	0.01%	–
GWW	New	W.W. Grainger Inc.	$740,000	–	2,760	–	0.01%	–
WU	New	Western Union	$710,000	–	35,690	–	0.01%	–
CBRL	New	Cracker Barrel Old Country Store inc	$724,000	–	4,240	–	0.01%	–
CPB	New	Campbell Soup Company	$600,000	–	14,970	–	0.01%	–
AMG	New	Affiliated Managers Group	$632,000	–	6,860	–	0.01%	–
MDT	New	Medtronic PLC	$496,000	–	5,090	–	0.01%	–
HBI	New	Hanesbrands Inc.	$523,000	–	30,380	–	0.01%	–
OI	New	Owens-Illinois Inc.	$563,000	–	32,620	–	0.01%	–
EMN	New	Eastman Chemical Co.	$475,000	–	6,100	–	0.01%	–
CR	New	Crane Company	$375,000	–	4,490	–	0.00%	–
FHI	New	Federated Investors Inc.	$388,000	–	11,950	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
COL	Exit	Rockwell Collins Inc	$0	–	-1,910	–	-0.00%	–
DWDP	Exit	DowDuPont Inc.	$0	–	-3,653	–	-0.00%	–
XLNX	Exit	Xilinx Inc	$0	–	-5,220	–	-0.01%	–
EMN	Exit	Eastman Chemical Co.	$0	–	-5,380	–	-0.01%	–
FHI	Exit	Federated Investors Inc.	$0	–	-20,850	–	-0.01%	–
TDC	Exit	Teradata Corp	$0	–	-13,160	–	-0.01%	–
CPB	Exit	Campbell Soup Company	$0	–	-14,970	–	-0.01%	–
MDT	Exit	Medtronic PLC	$0	–	-5,990	–	-0.01%	–
TSCO	Exit	Tractor Supply Co	$0	–	-5,810	–	-0.01%	–
MLHR	Exit	Herman Miller Inc.	$0	–	-15,000	–	-0.01%	–
GWW	Exit	W.W. Grainger Inc.	$0	–	-1,650	–	-0.01%	–
CHRW	Exit	C.H. Robinson Worldwide Inc.	$0	–	-5,730	–	-0.01%	–
CTXS	Exit	Citrix Systems Inc.	$0	–	-5,550	–	-0.01%	–
AMG	Exit	Affiliated Managers Group	$0	–	-4,460	–	-0.01%	–
OI	Exit	Owens-Illinois Inc.	$0	–	-32,620	–	-0.01%	–
CSGS	Exit	CSG Systems Intl Inc	$0	–	-15,020	–	-0.01%	–
BBY	Exit	Best Buy Co. Inc.	$0	–	-8,400	–	-0.01%	–
TPR	Exit	Tapestry, Inc.	$0	–	-12,280	–	-0.01%	–
NTAP	Exit	NetApp Inc.	$0	–	-7,270	–	-0.01%	–
LII	Exit	Lennox International Inc.	$0	–	-3,340	–	-0.01%	–
VAR	Exit	Varian Medical Systems	$0	–	-6,700	–	-0.01%	–
MIDD	Exit	Middleby Corporation	$0	–	-5,300	–	-0.01%	–
CCK	Exit	Crown Holdings Inc.	$0	–	-15,970	–	-0.01%	–
HSY	Exit	Hershey Co.	$0	–	-7,720	–	-0.01%	–
ZBH	Exit	Zimmer Biomet Holdings Inc	$0	–	-6,120	–	-0.01%	–
CHH	Exit	Choice Hotels Intl	$0	–	-9,520	–	-0.01%	–
HAS	Exit	Hasbro Inc	$0	–	-7,550	–	-0.01%	–
GIS	Exit	General Mills Inc.	$0	–	-18,560	–	-0.01%	–
CBRE	Exit	CBRE Group Inc.	$0	–	-20,410	–	-0.01%	–
ON	Exit	ON Semiconductor Corp	$0	–	-48,191	–	-0.01%	–
WU	Exit	Western Union	$0	–	-45,480	–	-0.01%	–
GPC	Exit	Genuine Parts Company	$0	–	-8,620	–	-0.01%	–
EXPD	Exit	Expeditors International of WA	$0	–	-12,030	–	-0.01%	–
KR	Exit	Kroger Company	$0	–	-30,730	–	-0.01%	–
CR	Exit	Crane Company	$0	–	-9,150	–	-0.01%	–
LSTR	Exit	Landstar System Inc.	$0	–	-8,180	–	-0.01%	–
HBI	Exit	Hanesbrands Inc.	$0	–	-51,550	–	-0.01%	–
SMG	Exit	The Scotts Miracle-Gro Co.	$0	–	-11,840	–	-0.01%	–
CBRL	Exit	Cracker Barrel Old Country Sto	$0	–	-6,290	–	-0.01%	–
HI	Exit	Hillenbrand Inc.	$0	–	-19,550	–	-0.01%	–
BR	Exit	Broadridge Financial Solutions	$0	–	-8,500	–	-0.01%	–
EHC	Exit	Encompass Health Corp	$0	–	-14,730	–	-0.01%	–
PAYX	Exit	Paychex Inc.	$0	–	-19,140	–	-0.02%	–
BMY	Exit	Bristol Myers Squibb Co.	$0	–	-26,000	–	-0.02%	–
RS	Exit	Reliance Steel And Aluminum Co	$0	–	-23,200	–	-0.02%	–
ABBV	Exit	AbbVie Inc.	$0	–	-27,335	–	-0.03%	–
TROW	Exit	T Rowe Price Group Inc	$0	–	-40,091	–	-0.06%	–
CLX	Exit	Clorox Company	$0	–	-40,075	–	-0.08%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-116,839	–	-0.10%	–
KO	Exit	Coca-Cola Company	$0	–	-174,978	–	-0.10%	–
ABT	Exit	Abbott Laboratories	$0	–	-120,957	–	-0.11%	–
ADBE	Exit	Adobe Systems Inc.	$0	–	-58,419	–	-0.20%	–
EFX	Exit	Equifax Inc	$0	–	-124,546	–	-0.20%	–
ADP	Exit	Automatic Data Processing Inc.	$0	–	-117,940	–	-0.22%	–
UPS	Exit	United Parcel Svc Cl B	$0	–	-1,567,911	–	-2.28%	–
NKE	Exit	Nike Inc Cl B	$0	–	-2,179,508	–	-2.30%	–
WAT	Exit	Waters Corp	$0	–	-1,055,006	–	-2.56%	–
EMR	Exit	Emerson Electric Co.	$0	–	-2,711,254	–	-2.59%	–
MA	Exit	Mastercard Inc.	$0	–	-941,230	–	-2.62%	–
OMC	Exit	Omnicom Group Inc	$0	–	-3,094,035	–	-2.63%	–
APH	Exit	Amphenol Corp.	$0	–	-2,242,181	–	-2.63%	–
PFE	Exit	Pfizer Inc.	$0	–	-4,853,610	–	-2.67%	–
CTSH	Exit	Cognizant Tech Solutions	$0	–	-2,839,255	–	-2.73%	–
INTU	Exit	Intuit Inc.	$0	–	-1,004,938	–	-2.85%	–
PG	Exit	Procter & Gamble Co.	$0	–	-2,891,167	–	-3.00%	–
TJX	Exit	TJX Companies Inc	$0	–	-2,175,021	–	-3.04%	–
GOOGL	Exit	Alphabet Inc Cap Stk Cl A	$0	–	-216,919	–	-3.27%	–
AAPL	Exit	Apple Inc.	$0	–	-1,259,364	–	-3.55%	–
ACN	Exit	Accenture Plc	$0	–	-1,766,174	–	-3.75%	–
JNJ	Exit	Johnson & Johnson	$0	–	-2,336,753	–	-4.03%	–
MMM	Exit	3M Company	$0	–	-1,702,390	–	-4.48%	–
ORCL	Exit	Oracle Corporation	$0	–	-7,111,283	–	-4.58%	–
SYK	Exit	Stryker Corp	$0	–	-2,163,548	–	-4.80%	–
PX	Exit	Praxair Inc	$0	–	-2,394,601	–	-4.80%	–
UNH	Exit	Unitedhealth Group Inc	$0	–	-1,509,353	–	-5.01%	–
ECL	Exit	Ecolab Inc	$0	–	-2,580,766	–	-5.05%	–
UTX	Exit	United Technologies Corp	$0	–	-3,034,442	–	-5.30%	–
PEP	Exit	PepsiCo Inc.	$0	–	-4,107,118	–	-5.73%	–
MSFT	Exit	Microsoft Corp	$0	–	-4,112,510	–	-5.87%	–
BDX	Exit	Becton Dickinson & Co.	$0	–	-1,945,920	–	-6.34%	–

Q3 2018

			Value		Shares		↓ Weighting
BDX	Sell	Becton Dickinson & Co.	$507,885,000	+8.7%	1,945,920	-0.2%	6.34%	+1.0%
MSFT	Sell	Microsoft Corp	$470,348,000	+15.4%	4,112,510	-0.5%	5.87%	+7.2%
PEP	Buy	PepsiCo Inc.	$459,176,000	+13.0%	4,107,118	+10.0%	5.73%	+5.0%
UTX	Buy	United Technologies Corp	$424,245,000	+12.3%	3,034,442	+0.4%	5.30%	+4.4%
ECL	Sell	Ecolab Inc	$404,612,000	+11.2%	2,580,766	-0.5%	5.05%	+3.3%
UNH	Sell	Unitedhealth Group Inc	$401,548,000	+8.1%	1,509,353	-0.3%	5.01%	+0.4%
PX	Sell	Praxair Inc	$384,884,000	+1.3%	2,394,601	-0.3%	4.80%	-5.8%
SYK	Sell	Stryker Corp	$384,419,000	+4.9%	2,163,548	-0.3%	4.80%	-2.6%
ORCL	Sell	Oracle Corporation	$366,658,000	+16.9%	7,111,283	-0.1%	4.58%	+8.6%
MMM	Buy	3M Company	$358,711,000	+20.6%	1,702,390	+12.6%	4.48%	+12.1%
JNJ	Sell	Johnson & Johnson	$322,869,000	+13.5%	2,336,753	-0.3%	4.03%	+5.4%
ACN	Sell	Accenture Plc	$300,603,000	+3.9%	1,766,174	-0.1%	3.75%	-3.4%
AAPL	Buy	Apple Inc.	$284,289,000	+22.7%	1,259,364	+0.6%	3.55%	+14.0%
GOOGL	Sell	Alphabet Inc Cap Stk Cl A	$261,839,000	+6.8%	216,919	-0.1%	3.27%	-0.8%
TJX	Sell	TJX Companies Inc	$243,646,000	-5.3%	2,175,021	-19.5%	3.04%	-12.0%
PG	Buy	Procter & Gamble Co.	$240,632,000	+7.1%	2,891,167	+0.5%	3.00%	-0.5%
INTU	Sell	Intuit Inc.	$228,523,000	+11.2%	1,004,938	-0.1%	2.85%	+3.3%
CTSH	Sell	Cognizant Tech Solutions	$219,049,000	-2.3%	2,839,255	-0.0%	2.73%	-9.3%
PFE	Buy	Pfizer Inc.	$213,899,000	+93.9%	4,853,610	+59.7%	2.67%	+80.2%
APH	Sell	Amphenol Corp.	$210,810,000	+7.8%	2,242,181	-0.1%	2.63%	+0.1%
OMC	Buy	Omnicom Group Inc	$210,456,000	-10.4%	3,094,035	+0.5%	2.63%	-16.7%
MA	Sell	Mastercard Inc.	$209,527,000	+13.1%	941,230	-0.1%	2.62%	+5.1%
EMR	Sell	Emerson Electric Co.	$207,628,000	+10.7%	2,711,254	-0.0%	2.59%	+2.9%
WAT	Sell	Waters Corp	$205,389,000	+0.4%	1,055,006	-0.2%	2.56%	-6.8%
NKE	Sell	Nike Inc Cl B	$184,648,000	-19.5%	2,179,508	-24.3%	2.30%	-25.2%
UPS	Buy	United Parcel Svc Cl B	$183,054,000	+10.4%	1,567,911	+0.5%	2.28%	+2.6%
ADP	Sell	Automatic Data Processing Inc.	$17,769,000	+9.1%	117,940	-2.9%	0.22%	+1.4%
EFX	Sell	Equifax Inc	$16,262,000	+2.9%	124,546	-1.4%	0.20%	-4.2%
ADBE	Sell	Adobe Systems Inc.	$15,770,000	+3.0%	58,419	-7.0%	0.20%	-4.4%
ABT	Sell	Abbott Laboratories	$8,873,000	+19.0%	120,957	-1.1%	0.11%	+11.0%
KO	Sell	Coca-Cola Company	$8,082,000	-92.5%	174,978	-92.8%	0.10%	-93.0%
CL	Sell	Colgate-Palmolive Co	$7,822,000	+1.9%	116,839	-1.3%	0.10%	-4.9%
CLX	Sell	Clorox Company	$6,028,000	+8.9%	40,075	-2.1%	0.08%	+1.4%
TROW	Buy	T Rowe Price Group Inc	$4,377,000	-4.5%	40,091	+1.5%	0.06%	-11.3%
RS	Sell	Reliance Steel And Aluminum Co	$1,979,000	-21.0%	23,200	-18.9%	0.02%	-26.5%
PAYX	Buy	Paychex Inc.	$1,410,000	+33.9%	19,140	+24.3%	0.02%	+28.6%
BR	Sell	Broadridge Financial Solutions	$1,122,000	+13.8%	8,500	-0.8%	0.01%	+7.7%
EHC	Sell	Encompass Health Corp	$1,148,000	+5.9%	14,730	-8.0%	0.01%	-6.7%
HI	Buy	Hillenbrand Inc.	$1,022,000	+15.2%	19,550	+3.9%	0.01%	+8.3%
CBRL	Buy	Cracker Barrel Old Country Sto	$925,000	+34.1%	6,290	+42.3%	0.01%	+33.3%
SMG	Buy	The Scotts Miracle-Gro Co.	$932,000	+23.9%	11,840	+31.0%	0.01%	+20.0%
HBI	Buy	Hanesbrands Inc.	$950,000	+14.5%	51,550	+36.8%	0.01%	+9.1%
LSTR	Buy	Landstar System Inc.	$998,000	+26.8%	8,180	+13.5%	0.01%	+9.1%
CBRE	Buy	CBRE Group Inc.	$900,000	+24.7%	20,410	+35.0%	0.01%	+10.0%
WU	Buy	Western Union	$867,000	-2.5%	45,480	+4.0%	0.01%	-8.3%
ON	Buy	ON Semiconductor Corp	$888,000	+108.9%	48,191	+152.3%	0.01%	+83.3%
KR	Buy	Kroger Company	$895,000	+39.4%	30,730	+36.2%	0.01%	+22.2%
GPC	Buy	Genuine Parts Company	$857,000	+57.0%	8,620	+44.9%	0.01%	+57.1%
CR	Buy	Crane Company	$900,000	+34.7%	9,150	+9.7%	0.01%	+22.2%
HSY	Buy	Hershey Co.	$787,000	+21.1%	7,720	+10.6%	0.01%	+11.1%
HAS	Buy	Hasbro Inc	$794,000	+28.9%	7,550	+13.2%	0.01%	+25.0%
GIS	Buy	General Mills Inc.	$797,000	+22.6%	18,560	+26.4%	0.01%	+11.1%
LII	New	Lennox International Inc.	$729,000	–	3,340	–	0.01%	–
VAR	Buy	Varian Medical Systems	$750,000	+46.2%	6,700	+48.6%	0.01%	+28.6%
MIDD	Buy	Middleby Corporation	$686,000	+117.1%	5,300	+74.9%	0.01%	+125.0%
AMG	Buy	Affiliated Managers Group	$610,000	+23.2%	4,460	+33.9%	0.01%	+14.3%
CTXS	Sell	Citrix Systems Inc.	$617,000	-18.5%	5,550	-23.1%	0.01%	-20.0%
TPR	Buy	Tapestry, Inc.	$617,000	+87.5%	12,280	+74.2%	0.01%	+100.0%
BBY	Buy	Best Buy Co. Inc.	$667,000	+147.0%	8,400	+132.0%	0.01%	+100.0%
MLHR	Sell	Herman Miller Inc.	$576,000	-13.8%	15,000	-23.9%	0.01%	-22.2%
TSCO	Buy	Tractor Supply Co	$528,000	+45.1%	5,810	+22.1%	0.01%	+40.0%
CHRW	Buy	C.H. Robinson Worldwide Inc.	$561,000	+34.9%	5,730	+15.3%	0.01%	+16.7%
EMN	Sell	Eastman Chemical Co.	$515,000	-17.1%	5,380	-13.4%	0.01%	-25.0%
XLNX	Sell	Xilinx Inc	$418,000	-16.7%	5,220	-32.1%	0.01%	-28.6%
SONC	Exit	Sonic Corp	$0	–	-8,500	–	-0.00%	–
KOP	Exit	Koppers Holdings Inc.	$0	–	-11,300	–	-0.01%	–
VFC	Exit	VF Corp	$0	–	-5,510	–	-0.01%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-4,510	–	-0.01%	–
HRB	Exit	H&R Block Inc.	$0	–	-26,030	–	-0.01%	–
DLX	Exit	Deluxe Corporation	$0	–	-9,260	–	-0.01%	–
DNB	Exit	Dun & Bradstreet Corp	$0	–	-5,030	–	-0.01%	–
NUS	Exit	Nu Skin Enterprises Inc.	$0	–	-11,010	–	-0.01%	–

Q2 2018

			Value		Shares		↓ Weighting
BDX	New	Becton Dickinson & Co.	$467,331,000	–	1,950,789	–	6.28%	–
MSFT	New	Microsoft Corp	$407,477,000	–	4,132,205	–	5.47%	–
PEP	New	PepsiCo Inc.	$406,404,000	–	3,732,933	–	5.46%	–
PX	New	Praxair Inc	$379,807,000	–	2,401,561	–	5.10%	–
UTX	New	United Technologies Corp	$377,758,000	–	3,021,342	–	5.07%	–
UNH	New	Unitedhealth Group Inc	$371,455,000	–	1,514,043	–	4.99%	–
SYK	New	Stryker Corp	$366,591,000	–	2,170,973	–	4.92%	–
ECL	New	Ecolab Inc	$363,907,000	–	2,593,226	–	4.89%	–
ORCL	New	Oracle Corporation	$313,740,000	–	7,120,743	–	4.21%	–
MMM	New	3M Company	$297,426,000	–	1,511,925	–	4.00%	–
ACN	New	Accenture Plc	$289,226,000	–	1,767,994	–	3.88%	–
JNJ	New	Johnson & Johnson	$284,492,000	–	2,344,588	–	3.82%	–
TJX	New	TJX Companies Inc	$257,323,000	–	2,703,537	–	3.46%	–
GOOGL	New	Alphabet Inc Cap Stk Cl A	$245,235,000	–	217,178	–	3.29%	–
OMC	New	Omnicom Group Inc	$234,883,000	–	3,079,625	–	3.16%	–
AAPL	New	Apple Inc.	$231,632,000	–	1,251,319	–	3.11%	–
NKE	New	Nike Inc Cl B	$229,360,000	–	2,878,510	–	3.08%	–
PG	New	Procter & Gamble Co.	$224,610,000	–	2,877,402	–	3.02%	–
CTSH	New	Cognizant Tech Solutions	$224,309,000	–	2,839,720	–	3.01%	–
INTU	New	Intuit Inc.	$205,581,000	–	1,006,248	–	2.76%	–
WAT	New	Waters Corp	$204,654,000	–	1,057,151	–	2.75%	–
APH	New	Amphenol Corp.	$195,627,000	–	2,244,721	–	2.63%	–
EMR	New	Emerson Electric Co.	$187,534,000	–	2,712,384	–	2.52%	–
MA	New	Mastercard Inc.	$185,234,000	–	942,570	–	2.49%	–
UPS	New	United Parcel Svc Cl B	$165,765,000	–	1,560,431	–	2.23%	–
PFE	New	Pfizer Inc.	$110,291,000	–	3,040,000	–	1.48%	–
KO	New	Coca-Cola Company	$107,285,000	–	2,446,081	–	1.44%	–
ADP	New	Automatic Data Processing Inc.	$16,290,000	–	121,440	–	0.22%	–
EFX	New	Equifax Inc	$15,806,000	–	126,340	–	0.21%	–
ADBE	New	Adobe Systems Inc.	$15,311,000	–	62,799	–	0.21%	–
CL	New	Colgate-Palmolive Co	$7,673,000	–	118,389	–	0.10%	–
ABT	New	Abbott Laboratories	$7,457,000	–	122,269	–	0.10%	–
CLX	New	Clorox Company	$5,535,000	–	40,925	–	0.07%	–
TROW	New	T Rowe Price Group Inc	$4,583,000	–	39,481	–	0.06%	–
ABBV	New	AbbVie Inc.	$2,533,000	–	27,335	–	0.03%	–
RS	New	Reliance Steel And Aluminum Co	$2,504,000	–	28,600	–	0.03%	–
BMY	New	Bristol Myers Squibb Co.	$1,439,000	–	26,000	–	0.02%	–
EHC	New	Encompass Health Corp	$1,084,000	–	16,010	–	0.02%	–
PAYX	New	Paychex Inc.	$1,053,000	–	15,400	–	0.01%	–
BR	New	Broadridge Financial Solutions	$986,000	–	8,565	–	0.01%	–
EXPD	New	Expeditors International of WA	$879,000	–	12,030	–	0.01%	–
NUS	New	Nu Skin Enterprises Inc.	$861,000	–	11,010	–	0.01%	–
HI	New	Hillenbrand Inc.	$887,000	–	18,810	–	0.01%	–
WU	New	Western Union	$889,000	–	43,710	–	0.01%	–
LSTR	New	Landstar System Inc.	$787,000	–	7,210	–	0.01%	–
HBI	New	Hanesbrands Inc.	$830,000	–	37,690	–	0.01%	–
CHH	New	Choice Hotels Intl	$720,000	–	9,520	–	0.01%	–
SMG	New	The Scotts Miracle-Gro Co.	$752,000	–	9,040	–	0.01%	–
CBRE	New	CBRE Group Inc.	$722,000	–	15,120	–	0.01%	–
CCK	New	Crown Holdings Inc.	$715,000	–	15,970	–	0.01%	–
CTXS	New	Citrix Systems Inc.	$757,000	–	7,220	–	0.01%	–
ZBH	New	Zimmer Biomet Holdings Inc	$682,000	–	6,120	–	0.01%	–
MLHR	New	Herman Miller Inc.	$668,000	–	19,700	–	0.01%	–
GIS	New	General Mills Inc.	$650,000	–	14,680	–	0.01%	–
CR	New	Crane Company	$668,000	–	8,340	–	0.01%	–
KR	New	Kroger Company	$642,000	–	22,570	–	0.01%	–
HSY	New	Hershey Co.	$650,000	–	6,980	–	0.01%	–
CBRL	New	Cracker Barrel Old Country Sto	$690,000	–	4,420	–	0.01%	–
CSGS	New	CSG Systems Intl Inc	$614,000	–	15,020	–	0.01%	–
EMN	New	Eastman Chemical Co.	$621,000	–	6,210	–	0.01%	–
HAS	New	Hasbro Inc	$616,000	–	6,670	–	0.01%	–
DNB	New	Dun & Bradstreet Corp	$617,000	–	5,030	–	0.01%	–
DLX	New	Deluxe Corporation	$613,000	–	9,260	–	0.01%	–
NTAP	New	NetApp Inc.	$571,000	–	7,270	–	0.01%	–
HRB	New	H&R Block Inc.	$593,000	–	26,030	–	0.01%	–
CPB	New	Campbell Soup Company	$607,000	–	14,970	–	0.01%	–
MDT	New	Medtronic PLC	$513,000	–	5,990	–	0.01%	–
FHI	New	Federated Investors Inc.	$486,000	–	20,850	–	0.01%	–
GPC	New	Genuine Parts Company	$546,000	–	5,950	–	0.01%	–
GWW	New	W.W. Grainger Inc.	$509,000	–	1,650	–	0.01%	–
OI	New	Owens-Illinois Inc.	$548,000	–	32,620	–	0.01%	–
TDC	New	Teradata Corp	$528,000	–	13,160	–	0.01%	–
VAR	New	Varian Medical Systems	$513,000	–	4,510	–	0.01%	–
AMG	New	Affiliated Managers Group	$495,000	–	3,330	–	0.01%	–
XLNX	New	Xilinx Inc	$502,000	–	7,690	–	0.01%	–
KOP	New	Koppers Holdings Inc.	$433,000	–	11,300	–	0.01%	–
CHRW	New	C.H. Robinson Worldwide Inc.	$416,000	–	4,970	–	0.01%	–
ON	New	ON Semiconductor Corp	$425,000	–	19,101	–	0.01%	–
KMB	New	Kimberly-Clark Corp.	$475,000	–	4,510	–	0.01%	–
VFC	New	VF Corp	$449,000	–	5,510	–	0.01%	–
TSCO	New	Tractor Supply Co	$364,000	–	4,760	–	0.01%	–
BBY	New	Best Buy Co. Inc.	$270,000	–	3,620	–	0.00%	–
MIDD	New	Middleby Corporation	$316,000	–	3,030	–	0.00%	–
TPR	New	Tapestry, Inc.	$329,000	–	7,050	–	0.00%	–
SONC	New	Sonic Corp	$293,000	–	8,500	–	0.00%	–
COL	New	Rockwell Collins Inc	$257,000	–	1,910	–	0.00%	–
DWDP	New	DowDuPont Inc.	$241,000	–	3,653	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
SMG	Exit	The Scotts Miracle-Gro Co.	$0	–	-2,650	–	-0.00%	–
BBBY	Exit	Bed Bath & Beyond Inc	$0	–	-10,770	–	-0.00%	–
KR	Exit	Kroger Company	$0	–	-11,890	–	-0.00%	–
SAM	Exit	Boston Beer	$0	–	-1,710	–	-0.00%	–
ENDP	Exit	Endo International plc	$0	–	-30,620	–	-0.00%	–
TGT	Exit	Target Corp	$0	–	-5,780	–	-0.01%	–
TSCO	Exit	Tractor Supply Co	$0	–	-5,910	–	-0.01%	–
BBY	Exit	Best Buy Co. Inc.	$0	–	-6,030	–	-0.01%	–
PII	Exit	Polaris Industries Inc	$0	–	-3,670	–	-0.01%	–
EAT	Exit	Brinker International	$0	–	-10,780	–	-0.01%	–
VIAB	Exit	Viacom Inc Class B New	$0	–	-15,270	–	-0.01%	–
PBI	Exit	Pitney Bowes Inc.	$0	–	-31,770	–	-0.01%	–
KOP	Exit	Koppers Holdings Inc.	$0	–	-10,800	–	-0.01%	–
COH	Exit	Coach Inc	$0	–	-12,660	–	-0.01%	–
MDT	Exit	Medtronic PLC	$0	–	-7,018	–	-0.01%	–
COL	Exit	Rockwell Collins Inc	$0	–	-3,850	–	-0.01%	–
CTXS	Exit	Citrix Systems Inc.	$0	–	-6,900	–	-0.01%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-4,510	–	-0.01%	–
SONC	Exit	Sonic Corp	$0	–	-22,320	–	-0.01%	–
DNB	Exit	Dun & Bradstreet Corp	$0	–	-5,030	–	-0.01%	–
WDR	Exit	Waddell & Reed Financial Inc	$0	–	-30,540	–	-0.01%	–
VGR	Exit	Vector Group Ltd	$0	–	-29,738	–	-0.01%	–
DVA	Exit	DaVita HealthCare Partners Inc	$0	–	-9,740	–	-0.01%	–
GPC	Exit	Genuine Parts Company	$0	–	-5,950	–	-0.01%	–
MAR	Exit	Marriott International Inc	$0	–	-5,350	–	-0.01%	–
CHH	Exit	Choice Hotels Intl	$0	–	-9,520	–	-0.01%	–
CSGS	Exit	CSG Systems Intl Inc	$0	–	-14,350	–	-0.01%	–
NSRGY	Exit	Nestle S.A. ADR	$0	–	-6,750	–	-0.01%	–
XLNX	Exit	Xilinx Inc	$0	–	-8,840	–	-0.01%	–
EXPD	Exit	Expeditors International of WA	$0	–	-11,500	–	-0.01%	–
CR	Exit	Crane Company	$0	–	-7,970	–	-0.01%	–
LSTR	Exit	Landstar System Inc.	$0	–	-6,890	–	-0.01%	–
HSY	Exit	Hershey Co.	$0	–	-6,020	–	-0.01%	–
DLX	Exit	Deluxe Corporation	$0	–	-8,850	–	-0.01%	–
CBRL	Exit	Cracker Barrel Old Country Sto	$0	–	-4,420	–	-0.01%	–
HI	Exit	Hillenbrand Inc.	$0	–	-17,970	–	-0.01%	–
GIS	Exit	General Mills Inc.	$0	–	-12,620	–	-0.01%	–
PAYX	Exit	Paychex Inc.	$0	–	-10,700	–	-0.01%	–
DWDP	Exit	DowDuPont Inc.	$0	–	-9,226	–	-0.01%	–
CPB	Exit	Campbell Soup Company	$0	–	-14,300	–	-0.01%	–
GWW	Exit	W.W. Grainger Inc.	$0	–	-3,510	–	-0.01%	–
TDC	Exit	Teradata Corp	$0	–	-20,420	–	-0.01%	–
NUS	Exit	Nu Skin Enterprises Inc.	$0	–	-11,010	–	-0.01%	–
HRB	Exit	H&R Block Inc.	$0	–	-24,870	–	-0.01%	–
CI	Exit	Cigna Corporation	$0	–	-3,760	–	-0.01%	–
ZBH	Exit	Zimmer Biomet Holdings Inc	$0	–	-5,850	–	-0.01%	–
MLHR	Exit	Herman Miller Inc.	$0	–	-18,820	–	-0.01%	–
EMN	Exit	Eastman Chemical Co.	$0	–	-7,890	–	-0.01%	–
YUM	Exit	Yum Brands Inc	$0	–	-9,710	–	-0.01%	–
VFC	Exit	VF Corp	$0	–	-12,320	–	-0.01%	–
WU	Exit	Western Union	$0	–	-41,770	–	-0.01%	–
OI	Exit	Owens-Illinois Inc.	$0	–	-31,170	–	-0.01%	–
VAR	Exit	Varian Medical Systems	$0	–	-8,978	–	-0.01%	–
CCK	Exit	Crown Holdings Inc.	$0	–	-15,260	–	-0.01%	–
BMY	Exit	Bristol Myers Squibb Co.	$0	–	-33,000	–	-0.03%	–
RS	Exit	Reliance Steel And Aluminum Co	$0	–	-28,600	–	-0.03%	–
ABBV	Exit	AbbVie Inc.	$0	–	-28,770	–	-0.04%	–
TROW	Exit	T Rowe Price Group Inc	$0	–	-37,569	–	-0.05%	–
CLX	Exit	Clorox Company	$0	–	-36,525	–	-0.06%	–
ABT	Exit	Abbott Laboratories	$0	–	-125,424	–	-0.09%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-122,644	–	-0.12%	–
ADBE	Exit	Adobe Systems Inc.	$0	–	-63,949	–	-0.13%	–
ADP	Exit	Automatic Data Processing Inc.	$0	–	-126,548	–	-0.19%	–
EFX	Exit	Equifax Inc	$0	–	-131,590	–	-0.19%	–
BR	Exit	Broadridge Financial Solutions	$0	–	-1,031,714	–	-1.13%	–
INTU	Exit	Intuit Inc.	$0	–	-793,660	–	-1.52%	–
KO	Exit	Coca-Cola Company	$0	–	-2,957,548	–	-1.80%	–
CTSH	Exit	Cognizant Tech Solutions	$0	–	-2,406,046	–	-2.36%	–
EMR	Exit	Emerson Electric Co.	$0	–	-2,796,477	–	-2.37%	–
UPS	Exit	United Parcel Svc Cl B	$0	–	-1,609,810	–	-2.61%	–
APH	Exit	Amphenol Corp.	$0	–	-2,325,249	–	-2.66%	–
AAPL	Exit	Apple Inc.	$0	–	-1,292,536	–	-2.69%	–
NKE	Exit	Nike Inc Cl B	$0	–	-3,864,984	–	-2.71%	–
MA	Exit	Mastercard Inc.	$0	–	-1,519,243	–	-2.90%	–
WAT	Exit	Waters Corp	$0	–	-1,200,202	–	-2.91%	–
GOOGL	Exit	Alphabet Inc Cap Stk Cl A	$0	–	-224,573	–	-2.95%	–
TJX	Exit	TJX Companies Inc	$0	–	-3,246,582	–	-3.23%	–
PG	Exit	Procter & Gamble Co.	$0	–	-2,971,166	–	-3.65%	–
OMC	Exit	Omnicom Group Inc	$0	–	-4,008,440	–	-4.01%	–
ACN	Exit	Accenture Plc	$0	–	-2,248,602	–	-4.10%	–
JNJ	Exit	Johnson & Johnson	$0	–	-2,450,538	–	-4.30%	–
ECL	Exit	Ecolab Inc	$0	–	-2,521,580	–	-4.38%	–
UNH	Exit	Unitedhealth Group Inc	$0	–	-1,657,803	–	-4.39%	–
PX	Exit	Praxair Inc	$0	–	-2,486,407	–	-4.69%	–
SYK	Exit	Stryker Corp	$0	–	-2,472,476	–	-4.74%	–
ORCL	Exit	Oracle Corporation	$0	–	-7,366,960	–	-4.81%	–
UTX	Exit	United Technologies Corp	$0	–	-3,120,713	–	-4.89%	–
MSFT	Exit	Microsoft Corp	$0	–	-5,462,666	–	-5.50%	–
PEP	Exit	PepsiCo Inc.	$0	–	-3,675,363	–	-5.53%	–
MMM	Exit	3M Company	$0	–	-1,953,839	–	-5.54%	–
BDX	Exit	Becton Dickinson & Co.	$0	–	-2,361,387	–	-6.25%	–

Q3 2017

			Value		Shares		↓ Weighting
BDX	Sell	Becton Dickinson & Co.	$462,714,000	-0.1%	2,361,387	-0.5%	6.25%	-1.5%
MMM	Sell	3M Company	$410,111,000	+0.3%	1,953,839	-0.5%	5.54%	-1.0%
PEP	Sell	PepsiCo Inc.	$409,546,000	-3.9%	3,675,363	-0.4%	5.53%	-5.2%
MSFT	Sell	Microsoft Corp	$406,914,000	+7.4%	5,462,666	-0.6%	5.50%	+6.0%
UTX	Sell	United Technologies Corp	$362,252,000	-5.3%	3,120,713	-0.4%	4.89%	-6.6%
ORCL	Buy	Oracle Corporation	$356,193,000	+12.4%	7,366,960	+16.6%	4.81%	+10.9%
SYK	Buy	Stryker Corp	$351,141,000	+13.9%	2,472,476	+11.3%	4.74%	+12.4%
PX	Sell	Praxair Inc	$347,451,000	+4.6%	2,486,407	-0.8%	4.69%	+3.2%
UNH	Sell	Unitedhealth Group Inc	$324,681,000	-6.6%	1,657,803	-11.5%	4.39%	-7.8%
ECL	Sell	Ecolab Inc	$324,300,000	-3.8%	2,521,580	-0.7%	4.38%	-5.1%
JNJ	Sell	Johnson & Johnson	$318,594,000	-2.3%	2,450,538	-0.6%	4.30%	-3.6%
ACN	Sell	Accenture Plc	$303,719,000	+8.5%	2,248,602	-0.6%	4.10%	+7.1%
OMC	Buy	Omnicom Group Inc	$296,905,000	+2.4%	4,008,440	+14.6%	4.01%	+1.0%
PG	Sell	Procter & Gamble Co.	$270,317,000	+3.9%	2,971,166	-0.4%	3.65%	+2.5%
TJX	Sell	TJX Companies Inc	$239,371,000	+1.7%	3,246,582	-0.4%	3.23%	+0.4%
GOOGL	Sell	Alphabet Inc Cap Stk Cl A	$218,671,000	+4.0%	224,573	-0.7%	2.95%	+2.6%
WAT	Sell	Waters Corp	$215,460,000	-2.8%	1,200,202	-0.5%	2.91%	-4.1%
MA	Sell	Mastercard Inc.	$214,517,000	+15.6%	1,519,243	-0.6%	2.90%	+14.0%
NKE	Sell	Nike Inc Cl B	$200,399,000	-12.5%	3,864,984	-0.4%	2.71%	-13.6%
AAPL	Sell	Apple Inc.	$199,206,000	+6.5%	1,292,536	-0.5%	2.69%	+5.0%
APH	Sell	Amphenol Corp.	$196,809,000	+14.0%	2,325,249	-0.6%	2.66%	+12.4%
UPS	Sell	United Parcel Svc Cl B	$193,322,000	+8.3%	1,609,810	-0.3%	2.61%	+6.8%
EMR	Sell	Emerson Electric Co.	$175,731,000	+4.9%	2,796,477	-0.5%	2.37%	+3.5%
CTSH	Sell	Cognizant Tech Solutions	$174,535,000	+8.6%	2,406,046	-0.5%	2.36%	+7.2%
KO	Sell	Coca-Cola Company	$133,119,000	+0.0%	2,957,548	-0.4%	1.80%	-1.3%
INTU	New	Intuit Inc.	$112,811,000	–	793,660	–	1.52%	–
BR	Buy	Broadridge Financial Solutions	$83,383,000	+7.0%	1,031,714	+0.1%	1.13%	+5.6%
EFX	Sell	Equifax Inc	$13,947,000	-25.1%	131,590	-2.9%	0.19%	-26.3%
ADP	Sell	Automatic Data Processing Inc.	$13,834,000	-92.9%	126,548	-93.4%	0.19%	-93.0%
ADBE	Sell	Adobe Systems Inc.	$9,540,000	+4.3%	63,949	-1.1%	0.13%	+3.2%
CL	Sell	Colgate-Palmolive Co	$8,935,000	-6.8%	122,644	-5.1%	0.12%	-7.6%
ABT	Sell	Abbott Laboratories	$6,693,000	+4.0%	125,424	-5.3%	0.09%	+2.3%
CLX	Sell	Clorox Company	$4,818,000	-15.0%	36,525	-14.1%	0.06%	-16.7%
ABBV	Sell	AbbVie Inc.	$2,557,000	+16.7%	28,770	-4.8%	0.04%	+16.7%
WU	Buy	Western Union	$802,000	+46.9%	41,770	+45.7%	0.01%	+57.1%
CBRL	Buy	Cracker Barrel Old Country Sto	$670,000	+3.2%	4,420	+13.9%	0.01%	0.0%
DWDP	New	DowDuPont Inc.	$639,000	–	9,226	–	0.01%	–
LSTR	Buy	Landstar System Inc.	$687,000	+36.9%	6,890	+17.4%	0.01%	+28.6%
VGR	Buy	Vector Group Ltd	$609,000	+0.8%	29,738	+5.0%	0.01%	0.0%
GPC	Buy	Genuine Parts Company	$569,000	+23.7%	5,950	+20.0%	0.01%	+33.3%
MDT	Sell	Medtronic PLC	$546,000	-26.4%	7,018	-16.0%	0.01%	-30.0%
KOP	New	Koppers Holdings Inc.	$498,000	–	10,800	–	0.01%	–
COL	Sell	Rockwell Collins Inc	$503,000	-32.5%	3,850	-45.7%	0.01%	-30.0%
TSCO	New	Tractor Supply Co	$374,000	–	5,910	–	0.01%	–
PII	Sell	Polaris Industries Inc	$384,000	-23.8%	3,670	-32.9%	0.01%	-28.6%
SAM	Sell	Boston Beer	$267,000	-40.8%	1,710	-49.9%	0.00%	-33.3%
KR	Sell	Kroger Company	$239,000	-19.3%	11,890	-6.3%	0.00%	-25.0%
SMG	New	The Scotts Miracle-Gro Co.	$258,000	–	2,650	–	0.00%	–
JCOM	Exit	J2 Global Inc	$0	–	-6,490	–	-0.01%	–
DD	Exit	DuPont de Nemours & Co.	$0	–	-10,947	–	-0.01%	–

Q2 2017

			Value		Shares		↓ Weighting
BDX	New	Becton Dickinson & Co.	$463,251,000	–	2,374,306	–	6.34%	–
PEP	New	PepsiCo Inc.	$426,148,000	–	3,689,912	–	5.84%	–
MMM	New	3M Company	$408,787,000	–	1,963,529	–	5.60%	–
UTX	New	United Technologies Corp	$382,659,000	–	3,133,728	–	5.24%	–
MSFT	New	Microsoft Corp	$378,862,000	–	5,496,331	–	5.19%	–
UNH	New	Unitedhealth Group Inc	$347,478,000	–	1,874,003	–	4.76%	–
ECL	New	Ecolab Inc	$337,243,000	–	2,540,440	–	4.62%	–
PX	New	Praxair Inc	$332,090,000	–	2,505,397	–	4.55%	–
JNJ	New	Johnson & Johnson	$326,070,000	–	2,464,813	–	4.46%	–
ORCL	New	Oracle Corporation	$316,788,000	–	6,318,070	–	4.34%	–
SYK	New	Stryker Corp	$308,201,000	–	2,220,791	–	4.22%	–
OMC	New	Omnicom Group Inc	$290,047,000	–	3,498,755	–	3.97%	–
ACN	New	Accenture Plc	$279,861,000	–	2,262,782	–	3.83%	–
PG	New	Procter & Gamble Co.	$260,087,000	–	2,984,356	–	3.56%	–
TJX	New	TJX Companies Inc	$235,306,000	–	3,260,447	–	3.22%	–
NKE	New	Nike Inc Cl B	$228,929,000	–	3,880,154	–	3.14%	–
WAT	New	Waters Corp	$221,649,000	–	1,205,662	–	3.04%	–
GOOGL	New	Alphabet Inc Cap Stk Cl A	$210,194,000	–	226,093	–	2.88%	–
ADP	New	Automatic Data Processing Inc.	$195,834,000	–	1,911,326	–	2.68%	–
AAPL	New	Apple Inc.	$187,109,000	–	1,299,191	–	2.56%	–
MA	New	Mastercard Inc.	$185,633,000	–	1,528,473	–	2.54%	–
UPS	New	United Parcel Svc Cl B	$178,576,000	–	1,614,760	–	2.45%	–
APH	New	Amphenol Corp.	$172,703,000	–	2,339,509	–	2.36%	–
EMR	New	Emerson Electric Co.	$167,500,000	–	2,809,467	–	2.29%	–
CTSH	New	Cognizant Tech Solutions	$160,642,000	–	2,419,306	–	2.20%	–
KO	New	Coca-Cola Company	$133,114,000	–	2,967,978	–	1.82%	–
BR	New	Broadridge Financial Solutions	$77,899,000	–	1,030,949	–	1.07%	–
EFX	New	Equifax Inc	$18,616,000	–	135,466	–	0.26%	–
CL	New	Colgate-Palmolive Co	$9,585,000	–	129,294	–	0.13%	–
ADBE	New	Adobe Systems Inc.	$9,147,000	–	64,670	–	0.12%	–
ABT	New	Abbott Laboratories	$6,438,000	–	132,450	–	0.09%	–
CLX	New	Clorox Company	$5,666,000	–	42,525	–	0.08%	–
TROW	New	T Rowe Price Group Inc	$2,788,000	–	37,569	–	0.04%	–
ABBV	New	AbbVie Inc.	$2,191,000	–	30,220	–	0.03%	–
RS	New	Reliance Steel And Aluminum Co	$2,082,000	–	28,600	–	0.03%	–
BMY	New	Bristol Myers Squibb Co.	$1,839,000	–	33,000	–	0.02%	–
VAR	New	Varian Medical Systems	$926,000	–	8,978	–	0.01%	–
DD	New	DuPont de Nemours & Co.	$884,000	–	10,947	–	0.01%	–
CCK	New	Crown Holdings Inc.	$910,000	–	15,260	–	0.01%	–
HRB	New	H&R Block Inc.	$769,000	–	24,870	–	0.01%	–
YUM	New	Yum Brands Inc	$716,000	–	9,710	–	0.01%	–
COL	New	Rockwell Collins Inc	$745,000	–	7,090	–	0.01%	–
CPB	New	Campbell Soup Company	$746,000	–	14,300	–	0.01%	–
GIS	New	General Mills Inc.	$699,000	–	12,620	–	0.01%	–
OI	New	Owens-Illinois Inc.	$746,000	–	31,170	–	0.01%	–
MDT	New	Medtronic PLC	$742,000	–	8,358	–	0.01%	–
ZBH	New	Zimmer Biomet Holdings Inc	$751,000	–	5,850	–	0.01%	–
VFC	New	VF Corp	$710,000	–	12,320	–	0.01%	–
EMN	New	Eastman Chemical Co.	$663,000	–	7,890	–	0.01%	–
HSY	New	Hershey Co.	$646,000	–	6,020	–	0.01%	–
HI	New	Hillenbrand Inc.	$649,000	–	17,970	–	0.01%	–
CI	New	Cigna Corporation	$629,000	–	3,760	–	0.01%	–
GWW	New	W.W. Grainger Inc.	$634,000	–	3,510	–	0.01%	–
CR	New	Crane Company	$633,000	–	7,970	–	0.01%	–
CBRL	New	Cracker Barrel Old Country Sto	$649,000	–	3,880	–	0.01%	–
DVA	New	DaVita HealthCare Partners Inc	$631,000	–	9,740	–	0.01%	–
EXPD	New	Expeditors International of WA	$650,000	–	11,500	–	0.01%	–
NUS	New	Nu Skin Enterprises Inc.	$692,000	–	11,010	–	0.01%	–
COH	New	Coach Inc	$599,000	–	12,660	–	0.01%	–
DLX	New	Deluxe Corporation	$613,000	–	8,850	–	0.01%	–
JCOM	New	J2 Global Inc	$552,000	–	6,490	–	0.01%	–
KMB	New	Kimberly-Clark Corp.	$582,000	–	4,510	–	0.01%	–
MLHR	New	Herman Miller Inc.	$572,000	–	18,820	–	0.01%	–
NSRGY	New	Nestle S.A. ADR	$589,000	–	6,750	–	0.01%	–
CTXS	New	Citrix Systems Inc.	$549,000	–	6,900	–	0.01%	–
PAYX	New	Paychex Inc.	$609,000	–	10,700	–	0.01%	–
CHH	New	Choice Hotels Intl	$612,000	–	9,520	–	0.01%	–
CSGS	New	CSG Systems Intl Inc	$582,000	–	14,350	–	0.01%	–
SONC	New	Sonic Corp	$591,000	–	22,320	–	0.01%	–
TDC	New	Teradata Corp	$602,000	–	20,420	–	0.01%	–
VGR	New	Vector Group Ltd	$604,000	–	28,322	–	0.01%	–
WDR	New	Waddell & Reed Financial Inc	$577,000	–	30,540	–	0.01%	–
XLNX	New	Xilinx Inc	$569,000	–	8,840	–	0.01%	–
WU	New	Western Union	$546,000	–	28,660	–	0.01%	–
PII	New	Polaris Industries Inc	$504,000	–	5,470	–	0.01%	–
PBI	New	Pitney Bowes Inc.	$480,000	–	31,770	–	0.01%	–
DNB	New	Dun & Bradstreet Corp	$544,000	–	5,030	–	0.01%	–
LSTR	New	Landstar System Inc.	$502,000	–	5,870	–	0.01%	–
VIAB	New	Viacom Inc Class B New	$513,000	–	15,270	–	0.01%	–
MAR	New	Marriott International Inc	$537,000	–	5,350	–	0.01%	–
SAM	New	Boston Beer	$451,000	–	3,410	–	0.01%	–
GPC	New	Genuine Parts Company	$460,000	–	4,960	–	0.01%	–
EAT	New	Brinker International	$411,000	–	10,780	–	0.01%	–
ENDP	New	Endo International plc	$342,000	–	30,620	–	0.01%	–
BBY	New	Best Buy Co. Inc.	$346,000	–	6,030	–	0.01%	–
TGT	New	Target Corp	$302,000	–	5,780	–	0.00%	–
KR	New	Kroger Company	$296,000	–	12,690	–	0.00%	–
BBBY	New	Bed Bath & Beyond Inc	$327,000	–	10,770	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
BKE	Exit	The Buckle Inc	$0	–	-17,450	–	-0.01%	–
MLHR	Exit	Herman Miller Inc.	$0	–	-13,830	–	-0.01%	–
TGT	Exit	Target Corp	$0	–	-6,160	–	-0.01%	–
SONC	Exit	Sonic Corp	$0	–	-15,790	–	-0.01%	–
CPB	Exit	Campbell Soup Company	$0	–	-7,710	–	-0.01%	–
CHH	Exit	Choice Hotels Intl	$0	–	-9,520	–	-0.01%	–
BBBY	Exit	Bed Bath & Beyond Inc	$0	–	-10,030	–	-0.01%	–
GIS	Exit	General Mills Inc.	$0	–	-6,580	–	-0.01%	–
SYNT	Exit	Syntel	$0	–	-10,120	–	-0.01%	–
DECK	Exit	Deckers Outdoor Corp.	$0	–	-6,840	–	-0.01%	–
ENDP	Exit	Endo International plc	$0	–	-19,920	–	-0.01%	–
MAR	Exit	Marriott International Inc	$0	–	-6,390	–	-0.01%	–
EAT	Exit	Brinker International	$0	–	-8,510	–	-0.01%	–
SAM	Exit	Boston Beer	$0	–	-2,500	–	-0.01%	–
PII	Exit	Polaris Industries Inc	$0	–	-4,750	–	-0.01%	–
CBRL	Exit	Cracker Barrel Old Country Sto	$0	–	-2,930	–	-0.01%	–
CSGS	Exit	CSG Systems Intl Inc	$0	–	-11,500	–	-0.01%	–
DLX	Exit	Deluxe Corporation	$0	–	-6,890	–	-0.01%	–
HLF	Exit	Herbalife Ltd.	$0	–	-7,160	–	-0.01%	–
SPGI	Exit	S&P Global Inc	$0	–	-3,860	–	-0.01%	–
WMT	Exit	Wal Mart Stores Inc	$0	–	-6,370	–	-0.01%	–
CTXS	Exit	Citrix Systems Inc.	$0	–	-5,310	–	-0.01%	–
CR	Exit	Crane Company	$0	–	-7,190	–	-0.01%	–
SYNA	Exit	Synaptics Inc	$0	–	-8,330	–	-0.01%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-3,600	–	-0.01%	–
LSTR	Exit	Landstar System Inc.	$0	–	-6,770	–	-0.01%	–
PFE	Exit	Pfizer Inc.	$0	–	-14,084	–	-0.01%	–
OI	Exit	Owens-Illinois Inc.	$0	–	-24,590	–	-0.01%	–
XLNX	Exit	Xilinx Inc	$0	–	-8,910	–	-0.01%	–
WDR	Exit	Waddell & Reed Financial Inc	$0	–	-24,420	–	-0.01%	–
VMW	Exit	VMware Inc Class A	$0	–	-6,560	–	-0.01%	–
ITT	Exit	ITT Inc	$0	–	-13,280	–	-0.01%	–
MSM	Exit	MSC Industrial Direct Co.	$0	–	-6,340	–	-0.01%	–
CCK	Exit	Crown Holdings Inc.	$0	–	-8,600	–	-0.01%	–
MCO	Exit	Moody's Corp.	$0	–	-4,440	–	-0.01%	–
WWW	Exit	Wolverine World Wide Inc	$0	–	-19,300	–	-0.01%	–
HPQ	Exit	Hewlett-Packard Co	$0	–	-32,100	–	-0.01%	–
TUP	Exit	Tupperware Brands	$0	–	-7,160	–	-0.01%	–
USNA	Exit	USANA Health Sciences	$0	–	-3,540	–	-0.01%	–
JWN	Exit	Nordstrom Inc.	$0	–	-8,830	–	-0.01%	–
GPC	Exit	Genuine Parts Company	$0	–	-4,560	–	-0.01%	–
GILD	Exit	Gilead Sciences Inc.	$0	–	-5,860	–	-0.01%	–
PBI	Exit	Pitney Bowes Inc.	$0	–	-25,020	–	-0.01%	–
HI	Exit	Hillenbrand Inc.	$0	–	-14,670	–	-0.01%	–
KR	Exit	Kroger Company	$0	–	-15,050	–	-0.01%	–
EMN	Exit	Eastman Chemical Co.	$0	–	-7,090	–	-0.01%	–
WU	Exit	Western Union	$0	–	-22,150	–	-0.01%	–
TDC	Exit	Teradata Corp	$0	–	-14,660	–	-0.01%	–
VGR	Exit	Vector Group Ltd	$0	–	-22,569	–	-0.01%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-14,950	–	-0.01%	–
AXP	Exit	American Express Co.	$0	–	-7,100	–	-0.01%	–
GRA	Exit	W.R. Grace & Co.	$0	–	-6,180	–	-0.01%	–
TNH	Exit	Terra Nitrogen Co LP	$0	–	-4,080	–	-0.01%	–
HRB	Exit	H&R Block Inc.	$0	–	-19,500	–	-0.01%	–
NSR	Exit	Neustar Inc	$0	–	-18,470	–	-0.01%	–
CI	Exit	Cigna Corporation	$0	–	-3,510	–	-0.01%	–
ZBH	Exit	Zimmer Biomet Holdings Inc	$0	–	-3,590	–	-0.01%	–
CHRW	Exit	C.H. Robinson Worldwide Inc.	$0	–	-6,730	–	-0.01%	–
OA	Exit	Orbital ATK Inc Com	$0	–	-6,320	–	-0.01%	–
JCOM	Exit	J2 Global Inc	$0	–	-6,810	–	-0.01%	–
DNB	Exit	Dun & Bradstreet Corp	$0	–	-3,350	–	-0.01%	–
BBY	Exit	Best Buy Co. Inc.	$0	–	-13,500	–	-0.01%	–
NSRGY	Exit	Nestle S.A. ADR	$0	–	-6,750	–	-0.01%	–
PRAA	Exit	PRA Group Inc	$0	–	-16,320	–	-0.01%	–
PAYX	Exit	Paychex Inc.	$0	–	-10,885	–	-0.01%	–
VAR	Exit	Varian Medical Systems	$0	–	-6,068	–	-0.01%	–
NTAP	Exit	NetApp Inc.	$0	–	-16,200	–	-0.01%	–
MDT	Exit	Medtronic PLC	$0	–	-12,058	–	-0.02%	–
DD	Exit	DuPont de Nemours & Co.	$0	–	-16,318	–	-0.02%	–
BMY	Exit	Bristol Myers Squibb Co.	$0	–	-33,300	–	-0.03%	–
ABBV	Exit	AbbVie Inc.	$0	–	-31,420	–	-0.03%	–
RS	Exit	Reliance Steel And Aluminum Co	$0	–	-28,600	–	-0.03%	–
CLX	Exit	Clorox Company	$0	–	-44,555	–	-0.08%	–
ABT	Exit	Abbott Laboratories	$0	–	-142,177	–	-0.09%	–
ADBE	Exit	Adobe Systems Inc.	$0	–	-69,475	–	-0.11%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-133,917	–	-0.15%	–
EFX	Exit	Equifax Inc	$0	–	-149,697	–	-0.30%	–
CTSH	Exit	Cognizant Tech Solutions	$0	–	-2,494,126	–	-1.78%	–
KO	Exit	Coca-Cola Company	$0	–	-3,082,931	–	-1.95%	–
TROW	Exit	T Rowe Price Group Inc	$0	–	-2,018,262	–	-2.01%	–
GOOGL	Exit	Alphabet Inc Cap Stk Cl A	$0	–	-167,825	–	-2.02%	–
EMR	Exit	Emerson Electric Co.	$0	–	-2,892,685	–	-2.36%	–
WAT	Exit	Waters Corp	$0	–	-999,822	–	-2.37%	–
MA	Exit	Mastercard Inc.	$0	–	-1,571,238	–	-2.39%	–
NKE	Exit	Nike Inc cl B	$0	–	-3,305,510	–	-2.60%	–
UPS	Exit	United Parcel Svc Cl B	$0	–	-1,675,170	–	-2.74%	–
AAPL	Exit	Apple Inc.	$0	–	-1,714,211	–	-2.90%	–
SYK	Exit	Stryker Corp	$0	–	-1,723,873	–	-3.00%	–
APH	Exit	Amphenol Corp.	$0	–	-3,130,534	–	-3.04%	–
ADP	Exit	Automatic Data Processing Inc.	$0	–	-2,324,540	–	-3.07%	–
TJX	Exit	TJX Companies Inc	$0	–	-3,374,562	–	-3.77%	–
OMC	Exit	Omnicom Group Inc	$0	–	-3,145,920	–	-4.00%	–
ORCL	Exit	Oracle Corporation	$0	–	-6,908,259	–	-4.06%	–
UNH	Exit	Unitedhealth Group Inc	$0	–	-1,940,293	–	-4.06%	–
PG	Exit	Procter & Gamble Co.	$0	–	-3,125,447	–	-4.20%	–
ACN	Exit	Accenture Plc	$0	–	-2,476,635	–	-4.52%	–
PX	Exit	Praxair Inc	$0	–	-2,579,935	–	-4.66%	–
JNJ	Exit	Johnson & Johnson	$0	–	-2,696,168	–	-4.76%	–
ECL	Exit	Ecolab Inc	$0	–	-2,619,650	–	-4.77%	–
UTX	Exit	United Technologies Corp	$0	–	-3,241,441	–	-4.92%	–
MSFT	Exit	Microsoft Corp	$0	–	-5,921,523	–	-5.10%	–
MMM	Exit	3M Company	$0	–	-2,032,197	–	-5.36%	–
BDX	Exit	Becton Dickinson & Co.	$0	–	-2,255,950	–	-6.06%	–
PEP	Exit	PepsiCo Inc.	$0	–	-3,818,153	–	-6.21%	–

Q3 2016

			Value		Shares		↓ Weighting
PEP	Buy	PepsiCo Inc.	$415,301,000	+11.7%	3,818,153	+8.8%	6.21%	+7.7%
BDX	Sell	Becton Dickinson & Co.	$405,462,000	+5.6%	2,255,950	-0.3%	6.06%	+1.8%
MMM	Sell	3M Company	$358,134,000	+0.5%	2,032,197	-0.1%	5.36%	-3.1%
MSFT	Sell	Microsoft Corp	$341,080,000	+1.9%	5,921,523	-9.5%	5.10%	-1.8%
UTX	Buy	United Technologies Corp	$329,330,000	+9.5%	3,241,441	+10.5%	4.92%	+5.6%
ECL	Sell	Ecolab Inc	$318,864,000	+2.3%	2,619,650	-0.3%	4.77%	-1.4%
JNJ	Sell	Johnson & Johnson	$318,498,000	-11.8%	2,696,168	-9.5%	4.76%	-15.0%
PX	Sell	Praxair Inc	$311,734,000	+7.2%	2,579,935	-0.3%	4.66%	+3.4%
ACN	Sell	Accenture Plc	$302,570,000	+7.0%	2,476,635	-0.8%	4.52%	+3.1%
PG	Sell	Procter & Gamble Co.	$280,509,000	+5.7%	3,125,447	-0.3%	4.20%	+1.9%
UNH	Sell	Unitedhealth Group Inc	$271,641,000	-1.2%	1,940,293	-0.4%	4.06%	-4.8%
ORCL	Sell	Oracle Corporation	$271,356,000	-4.7%	6,908,259	-0.7%	4.06%	-8.1%
OMC	Sell	Omnicom Group Inc	$267,403,000	+4.0%	3,145,920	-0.2%	4.00%	+0.3%
TJX	Sell	TJX Companies Inc	$252,350,000	-14.4%	3,374,562	-11.6%	3.77%	-17.5%
ADP	Buy	Automatic Data Processing Inc.	$205,024,000	+13.3%	2,324,540	+18.1%	3.07%	+9.3%
APH	Sell	Amphenol Corp.	$203,234,000	+12.3%	3,130,534	-0.8%	3.04%	+8.2%
SYK	Sell	Stryker Corp	$200,676,000	-3.1%	1,723,873	-0.3%	3.00%	-6.6%
AAPL	Sell	Apple Inc.	$193,792,000	+17.9%	1,714,211	-0.3%	2.90%	+13.6%
UPS	Sell	United Parcel Svc Cl B	$183,197,000	+1.4%	1,675,170	-0.1%	2.74%	-2.2%
NKE	Buy	Nike Inc cl B	$174,035,000	+15.6%	3,305,510	+21.2%	2.60%	+11.4%
MA	Sell	Mastercard Inc.	$159,905,000	+14.7%	1,571,238	-0.7%	2.39%	+10.5%
WAT	Sell	Waters Corp	$158,462,000	-7.8%	999,822	-18.2%	2.37%	-11.1%
EMR	Sell	Emerson Electric Co.	$157,680,000	+4.4%	2,892,685	-0.1%	2.36%	+0.6%
GOOGL	New	Alphabet Inc Cap Stk Cl A	$134,941,000	–	167,825	–	2.02%	–
TROW	Sell	T Rowe Price Group Inc	$134,214,000	-9.3%	2,018,262	-0.5%	2.01%	-12.6%
KO	Buy	Coca-Cola Company	$130,470,000	-6.6%	3,082,931	+0.0%	1.95%	-10.0%
CTSH	Sell	Cognizant Tech Solutions	$118,995,000	-30.9%	2,494,126	-17.1%	1.78%	-33.4%
EFX	Sell	Equifax Inc	$20,146,000	+2.4%	149,697	-2.3%	0.30%	-1.3%
CL	Sell	Colgate-Palmolive Co	$9,929,000	-3.0%	133,917	-4.2%	0.15%	-6.9%
ADBE	Sell	Adobe Systems Inc.	$7,541,000	+10.7%	69,475	-2.3%	0.11%	+6.6%
ABT	Sell	Abbott Laboratories	$6,013,000	+6.0%	142,177	-1.5%	0.09%	+2.3%
CLX	Sell	Clorox Company	$5,577,000	-10.5%	44,555	-1.0%	0.08%	-14.4%
BMY	Buy	Bristol Myers Squibb Co.	$1,796,000	-26.0%	33,300	+0.9%	0.03%	-28.9%
DD	Sell	DuPont de Nemours & Co.	$1,093,000	-13.1%	16,318	-15.9%	0.02%	-20.0%
MDT	Sell	Medtronic PLC	$1,042,000	-10.2%	12,058	-9.9%	0.02%	-11.1%
NTAP	Sell	NetApp Inc.	$580,000	+36.5%	16,200	-6.3%	0.01%	+28.6%
VAR	Sell	Varian Medical Systems	$604,000	-12.6%	6,068	-27.8%	0.01%	-18.2%
PAYX	Sell	Paychex Inc.	$630,000	-10.9%	10,885	-8.4%	0.01%	-18.2%
PRAA	Buy	PRA Group Inc	$564,000	+53.3%	16,320	+7.1%	0.01%	+33.3%
BBY	Buy	Best Buy Co. Inc.	$515,000	+32.4%	13,500	+6.1%	0.01%	+33.3%
CCK	Buy	Crown Holdings Inc.	$491,000	+26.2%	8,600	+12.0%	0.01%	+16.7%
AXP	New	American Express Co.	$455,000	–	7,100	–	0.01%	–
HRB	Sell	H&R Block Inc.	$451,000	-3.0%	19,500	-3.6%	0.01%	0.0%
CHRW	New	C.H. Robinson Worldwide Inc.	$474,000	–	6,730	–	0.01%	–
CI	Buy	Cigna Corporation	$457,000	+12.6%	3,510	+10.7%	0.01%	+16.7%
CSGS	Buy	CSG Systems Intl Inc	$475,000	+20.3%	11,500	+17.5%	0.01%	+16.7%
CSCO	Sell	Cisco Systems Inc.	$474,000	+7.7%	14,950	-2.6%	0.01%	0.0%
CTXS	New	Citrix Systems Inc.	$453,000	–	5,310	–	0.01%	–
CR	Sell	Crane Company	$453,000	+8.1%	7,190	-2.7%	0.01%	0.0%
DLX	Buy	Deluxe Corporation	$460,000	+6.2%	6,890	+5.7%	0.01%	0.0%
DNB	Sell	Dun & Bradstreet Corp	$458,000	+11.2%	3,350	-0.9%	0.01%	+16.7%
EMN	Buy	Eastman Chemical Co.	$480,000	+30.1%	7,090	+30.6%	0.01%	+16.7%
GPC	Buy	Genuine Parts Company	$458,000	+5.8%	4,560	+6.5%	0.01%	0.0%
GILD	Buy	Gilead Sciences Inc.	$464,000	+13.2%	5,860	+19.1%	0.01%	+16.7%
GRA	New	W.R. Grace & Co.	$456,000	–	6,180	–	0.01%	–
HPQ	Sell	Hewlett-Packard Co	$499,000	+13.4%	32,100	-8.5%	0.01%	0.0%
HI	Buy	Hillenbrand Inc.	$464,000	+15.4%	14,670	+9.6%	0.01%	+16.7%
ITT	Buy	ITT Inc	$476,000	+26.6%	13,280	+13.0%	0.01%	+16.7%
JCOM	Buy	J2 Global Inc	$454,000	+10.5%	6,810	+4.6%	0.01%	+16.7%
KMB	Buy	Kimberly-Clark Corp.	$454,000	+2.5%	3,600	+11.8%	0.01%	0.0%
KR	New	Kroger Company	$447,000	–	15,050	–	0.01%	–
LSTR	Buy	Landstar System Inc.	$461,000	+8.5%	6,770	+9.4%	0.01%	0.0%
MSM	New	MSC Industrial Direct Co.	$465,000	–	6,340	–	0.01%	–
MCO	Buy	Moody's Corp.	$481,000	+17.9%	4,440	+2.1%	0.01%	+16.7%
NSR	Buy	Neustar Inc	$491,000	+15.3%	18,470	+2.0%	0.01%	0.0%
JWN	Sell	Nordstrom Inc.	$458,000	+12.0%	8,830	-17.8%	0.01%	+16.7%
OA	New	Orbital ATK Inc Com	$482,000	–	6,320	–	0.01%	–
OI	Buy	Owens-Illinois Inc.	$452,000	+16.5%	24,590	+14.2%	0.01%	+16.7%
PFE	Buy	Pfizer Inc.	$477,000	+9.2%	14,084	+13.6%	0.01%	0.0%
PBI	Buy	Pitney Bowes Inc.	$454,000	+13.5%	25,020	+11.3%	0.01%	+16.7%
SPGI	Sell	S&P Global Inc	$489,000	+17.8%	3,860	-0.3%	0.01%	+16.7%
SYNA	Buy	Synaptics Inc	$488,000	+42.7%	8,330	+31.0%	0.01%	+40.0%
TDC	Sell	Teradata Corp	$454,000	+17.6%	14,660	-4.8%	0.01%	+16.7%
TNH	Buy	Terra Nitrogen Co LP	$458,000	+16.2%	4,080	+8.2%	0.01%	+16.7%
TUP	Sell	Tupperware Brands	$468,000	+10.9%	7,160	-4.5%	0.01%	0.0%
USNA	New	USANA Health Sciences	$490,000	–	3,540	–	0.01%	–
VGR	Buy	Vector Group Ltd	$486,000	+12.0%	22,569	+16.7%	0.01%	0.0%
VMW	Sell	VMware Inc Class A	$481,000	+23.0%	6,560	-4.1%	0.01%	+16.7%
WDR	Buy	Waddell & Reed Financial Inc	$443,000	+21.7%	24,420	+15.4%	0.01%	+16.7%
WMT	Buy	Wal Mart Stores Inc	$459,000	0.0%	6,370	+1.4%	0.01%	0.0%
WU	Buy	Western Union	$461,000	+12.4%	22,150	+3.5%	0.01%	+16.7%
WWW	Sell	Wolverine World Wide Inc	$444,000	-8.1%	19,300	-18.8%	0.01%	0.0%
XLNX	New	Xilinx Inc	$484,000	–	8,910	–	0.01%	–
ZBH	New	Zimmer Biomet Holdings Inc	$467,000	–	3,590	–	0.01%	–
HLF	Buy	Herbalife Ltd.	$444,000	+15.0%	7,160	+8.6%	0.01%	+16.7%
CHH	Buy	Choice Hotels Intl	$429,000	+2.1%	9,520	+7.8%	0.01%	-14.3%
CPB	New	Campbell Soup Company	$422,000	–	7,710	–	0.01%	–
BKE	Buy	The Buckle Inc	$419,000	-6.5%	17,450	+1.3%	0.01%	-14.3%
EAT	Sell	Brinker International	$429,000	+3.4%	8,510	-6.6%	0.01%	0.0%
SAM	Sell	Boston Beer	$388,000	-17.3%	2,500	-8.8%	0.01%	-14.3%
ENDP	Sell	Endo International plc	$401,000	-7.6%	19,920	-28.4%	0.01%	-14.3%
BBBY	Buy	Bed Bath & Beyond Inc	$432,000	+5.6%	10,030	+6.0%	0.01%	0.0%
PII	New	Polaris Industries Inc	$368,000	–	4,750	–	0.01%	–
MLHR	Buy	Herman Miller Inc.	$396,000	-1.2%	13,830	+3.1%	0.01%	0.0%
SONC	New	Sonic Corp	$413,000	–	15,790	–	0.01%	–
MAR	Buy	Marriott International Inc	$430,000	+7.2%	6,390	+6.0%	0.01%	0.0%
SYNT	Buy	Syntel	$424,000	-3.0%	10,120	+4.8%	0.01%	-14.3%
GIS	Buy	General Mills Inc.	$420,000	-8.9%	6,580	+1.9%	0.01%	-14.3%
TGT	New	Target Corp	$423,000	–	6,160	–	0.01%	–
DECK	Sell	Deckers Outdoor Corp.	$407,000	-13.0%	6,840	-16.0%	0.01%	-14.3%
CBRL	Buy	Cracker Barrel Old Country Sto	$387,000	-18.2%	2,930	+6.2%	0.01%	-14.3%
BAX	Exit	Baxter International	$0	–	-9,040	–	-0.01%	–
BA	Exit	Boeing Company	$0	–	-3,070	–	-0.01%	–
IBM	Exit	IBM Corp	$0	–	-2,750	–	-0.01%	–
GD	Exit	General Dynamics Corp.	$0	–	-2,830	–	-0.01%	–
GWW	Exit	W.W. Grainger Inc.	$0	–	-1,800	–	-0.01%	–
RL	Exit	Polo Ralph Lauren Corp Cl A	$0	–	-4,600	–	-0.01%	–
T	Exit	AT&T Corp	$0	–	-9,000	–	-0.01%	–
LLTC	Exit	Linear Technology Corp	$0	–	-9,220	–	-0.01%	–
MO	Exit	Altria Group Inc	$0	–	-6,430	–	-0.01%	–
EXPD	Exit	Expeditors International of WA	$0	–	-8,540	–	-0.01%	–
TXN	Exit	Texas Instruments Inc	$0	–	-7,110	–	-0.01%	–
MRK	Exit	Merck & Co. Inc.	$0	–	-7,560	–	-0.01%	–
CAT	Exit	Caterpillar Inc	$0	–	-5,700	–	-0.01%	–
HSY	Exit	Hershey Co.	$0	–	-4,490	–	-0.01%	–
WDC	Exit	Western Digital Corp	$0	–	-11,160	–	-0.01%	–
NUS	Exit	Nu Skin Enterprises Inc.	$0	–	-10,530	–	-0.01%	–

Q2 2016

			Value		Shares		↓ Weighting
BDX	New	Becton Dickinson & Co.	$383,864,000	–	2,263,481	–	5.96%	–
PEP	New	PepsiCo Inc.	$371,851,000	–	3,510,016	–	5.77%	–
JNJ	New	Johnson & Johnson	$361,290,000	–	2,978,485	–	5.60%	–
MMM	New	3M Company	$356,322,000	–	2,034,733	–	5.53%	–
MSFT	New	Microsoft Corp	$334,842,000	–	6,543,716	–	5.20%	–
ECL	New	Ecolab Inc	$311,583,000	–	2,627,176	–	4.83%	–
UTX	New	United Technologies Corp	$300,713,000	–	2,932,352	–	4.67%	–
TJX	New	TJX Companies Inc	$294,942,000	–	3,819,007	–	4.58%	–
PX	New	Praxair Inc	$290,690,000	–	2,586,437	–	4.51%	–
ORCL	New	Oracle Corporation	$284,789,000	–	6,957,964	–	4.42%	–
ACN	New	Accenture Plc	$282,885,000	–	2,497,001	–	4.39%	–
UNH	New	Unitedhealth Group Inc	$275,010,000	–	1,947,663	–	4.27%	–
PG	New	Procter & Gamble Co.	$265,422,000	–	3,134,777	–	4.12%	–
OMC	New	Omnicom Group Inc	$257,001,000	–	3,153,771	–	3.99%	–
SYK	New	Stryker Corp	$207,141,000	–	1,728,620	–	3.21%	–
APH	New	Amphenol Corp.	$180,957,000	–	3,156,407	–	2.81%	–
ADP	New	Automatic Data Processing Inc.	$180,885,000	–	1,968,928	–	2.81%	–
UPS	New	United Parcel Svc Cl B	$180,668,000	–	1,677,198	–	2.80%	–
CTSH	New	Cognizant Tech Solutions	$172,199,000	–	3,008,364	–	2.67%	–
WAT	New	Waters Corp	$171,892,000	–	1,222,125	–	2.67%	–
AAPL	New	Apple Inc.	$164,352,000	–	1,719,160	–	2.55%	–
EMR	New	Emerson Electric Co.	$151,102,000	–	2,896,892	–	2.34%	–
NKE	New	Nike Inc cl B	$150,610,000	–	2,728,434	–	2.34%	–
TROW	New	T Rowe Price Group Inc	$147,957,000	–	2,027,636	–	2.30%	–
KO	New	Coca-Cola Company	$139,688,000	–	3,081,569	–	2.17%	–
MA	New	Mastercard Inc.	$139,396,000	–	1,582,970	–	2.16%	–
EFX	New	Equifax Inc	$19,682,000	–	153,288	–	0.30%	–
CL	New	Colgate-Palmolive Co	$10,231,000	–	139,767	–	0.16%	–
ADBE	New	Adobe Systems Inc.	$6,813,000	–	71,125	–	0.11%	–
CLX	New	Clorox Company	$6,230,000	–	45,020	–	0.10%	–
ABT	New	Abbott Laboratories	$5,674,000	–	144,337	–	0.09%	–
BMY	New	Bristol Myers Squibb Co.	$2,427,000	–	33,000	–	0.04%	–
RS	New	Reliance Steel And Aluminum Co	$2,199,000	–	28,600	–	0.03%	–
ABBV	New	AbbVie Inc.	$1,945,000	–	31,420	–	0.03%	–
DD	New	DuPont de Nemours & Co.	$1,258,000	–	19,408	–	0.02%	–
MDT	New	Medtronic PLC	$1,161,000	–	13,383	–	0.02%	–
VAR	New	Varian Medical Systems	$691,000	–	8,403	–	0.01%	–
PAYX	New	Paychex Inc.	$707,000	–	11,885	–	0.01%	–
WDC	New	Western Digital Corp	$527,000	–	11,160	–	0.01%	–
NUS	New	Nu Skin Enterprises Inc.	$486,000	–	10,530	–	0.01%	–
HSY	New	Hershey Co.	$510,000	–	4,490	–	0.01%	–
NSRGY	New	Nestle S.A. ADR	$521,000	–	6,750	–	0.01%	–
LSTR	New	Landstar System Inc.	$425,000	–	6,190	–	0.01%	–
MO	New	Altria Group Inc	$443,000	–	6,430	–	0.01%	–
HRB	New	H&R Block Inc.	$465,000	–	20,230	–	0.01%	–
SAM	New	Boston Beer	$469,000	–	2,740	–	0.01%	–
BKE	New	The Buckle Inc	$448,000	–	17,230	–	0.01%	–
CAT	New	Caterpillar Inc	$432,000	–	5,700	–	0.01%	–
CHH	New	Choice Hotels Intl	$420,000	–	8,830	–	0.01%	–
CSCO	New	Cisco Systems Inc.	$440,000	–	15,350	–	0.01%	–
CBRL	New	Cracker Barrel Old Country Sto	$473,000	–	2,760	–	0.01%	–
CR	New	Crane Company	$419,000	–	7,390	–	0.01%	–
DECK	New	Deckers Outdoor Corp.	$468,000	–	8,140	–	0.01%	–
DLX	New	Deluxe Corporation	$433,000	–	6,520	–	0.01%	–
EXPD	New	Expeditors International of WA	$419,000	–	8,540	–	0.01%	–
GIS	New	General Mills Inc.	$461,000	–	6,460	–	0.01%	–
GPC	New	Genuine Parts Company	$433,000	–	4,280	–	0.01%	–
HPQ	New	Hewlett-Packard Co	$440,000	–	35,090	–	0.01%	–
KMB	New	Kimberly-Clark Corp.	$443,000	–	3,220	–	0.01%	–
LLTC	New	Linear Technology Corp	$429,000	–	9,220	–	0.01%	–
MRK	New	Merck & Co. Inc.	$436,000	–	7,560	–	0.01%	–
NTAP	New	NetApp Inc.	$425,000	–	17,290	–	0.01%	–
NSR	New	Neustar Inc	$426,000	–	18,100	–	0.01%	–
PFE	New	Pfizer Inc.	$437,000	–	12,400	–	0.01%	–
SYNT	New	Syntel	$437,000	–	9,660	–	0.01%	–
TXN	New	Texas Instruments Inc	$445,000	–	7,110	–	0.01%	–
TUP	New	Tupperware Brands	$422,000	–	7,500	–	0.01%	–
VGR	New	Vector Group Ltd	$434,000	–	19,345	–	0.01%	–
WMT	New	Wal Mart Stores Inc	$459,000	–	6,280	–	0.01%	–
WWW	New	Wolverine World Wide Inc	$483,000	–	23,760	–	0.01%	–
ENDP	New	Endo International plc	$434,000	–	27,840	–	0.01%	–
JCOM	New	J2 Global Inc	$411,000	–	6,510	–	0.01%	–
BA	New	Boeing Company	$399,000	–	3,070	–	0.01%	–
PBI	New	Pitney Bowes Inc.	$400,000	–	22,480	–	0.01%	–
ITT	New	ITT Inc	$376,000	–	11,750	–	0.01%	–
HI	New	Hillenbrand Inc.	$402,000	–	13,380	–	0.01%	–
GWW	New	W.W. Grainger Inc.	$409,000	–	1,800	–	0.01%	–
RL	New	Polo Ralph Lauren Corp Cl A	$412,000	–	4,600	–	0.01%	–
GILD	New	Gilead Sciences Inc.	$410,000	–	4,920	–	0.01%	–
SPGI	New	S&P Global Inc	$415,000	–	3,870	–	0.01%	–
GD	New	General Dynamics Corp.	$394,000	–	2,830	–	0.01%	–
IBM	New	IBM Corp	$417,000	–	2,750	–	0.01%	–
BBY	New	Best Buy Co. Inc.	$389,000	–	12,720	–	0.01%	–
EMN	New	Eastman Chemical Co.	$369,000	–	5,430	–	0.01%	–
TDC	New	Teradata Corp	$386,000	–	15,400	–	0.01%	–
TNH	New	Terra Nitrogen Co LP	$394,000	–	3,770	–	0.01%	–
WU	New	Western Union	$410,000	–	21,400	–	0.01%	–
DNB	New	Dun & Bradstreet Corp	$412,000	–	3,380	–	0.01%	–
HLF	New	Herbalife Ltd.	$386,000	–	6,590	–	0.01%	–
CCK	New	Crown Holdings Inc.	$389,000	–	7,680	–	0.01%	–
CSGS	New	CSG Systems Intl Inc	$395,000	–	9,790	–	0.01%	–
CI	New	Cigna Corporation	$406,000	–	3,170	–	0.01%	–
EAT	New	Brinker International	$415,000	–	9,110	–	0.01%	–
BBBY	New	Bed Bath & Beyond Inc	$409,000	–	9,460	–	0.01%	–
VMW	New	VMware Inc Class A	$391,000	–	6,840	–	0.01%	–
WDR	New	Waddell & Reed Financial Inc	$364,000	–	21,160	–	0.01%	–
BAX	New	Baxter International	$409,000	–	9,040	–	0.01%	–
MCO	New	Moody's Corp.	$408,000	–	4,350	–	0.01%	–
JWN	New	Nordstrom Inc.	$409,000	–	10,740	–	0.01%	–
MLHR	New	Herman Miller Inc.	$401,000	–	13,410	–	0.01%	–
MAR	New	Marriott International Inc	$401,000	–	6,030	–	0.01%	–
T	New	AT&T Corp	$389,000	–	9,000	–	0.01%	–
OI	New	Owens-Illinois Inc.	$388,000	–	21,540	–	0.01%	–
PRAA	New	PRA Group Inc	$368,000	–	15,240	–	0.01%	–
SYNA	New	Synaptics Inc	$342,000	–	6,360	–	0.01%	–

Q4 2015

			Value		Shares		↓ Weighting
EPC	Exit	Edgewell Personal Care Company	$0	–	-3,350	–	-0.01%	–
T	Exit	AT&T Corp	$0	–	-9,000	–	-0.01%	–
AVP	Exit	Avon Products Inc.	$0	–	-95,140	–	-0.01%	–
EMN	Exit	Eastman Chemical Co.	$0	–	-5,400	–	-0.01%	–
DECK	Exit	Deckers Outdoor Corp.	$0	–	-5,990	–	-0.01%	–
AAPL	Exit	Apple Inc.	$0	–	-2,940	–	-0.01%	–
MRK	Exit	Merck & Co. Inc.	$0	–	-7,370	–	-0.01%	–
SONC	Exit	Sonic Corp	$0	–	-15,960	–	-0.01%	–
MSM	Exit	MSC Industrial Direct Co.	$0	–	-6,280	–	-0.01%	–
CR	Exit	Crane Company	$0	–	-8,480	–	-0.01%	–
BAX	Exit	Baxter International	$0	–	-11,590	–	-0.01%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-3,870	–	-0.01%	–
LSTR	Exit	Landstar System Inc.	$0	–	-6,430	–	-0.01%	–
PFE	Exit	Pfizer Inc.	$0	–	-13,230	–	-0.01%	–
WDR	Exit	Waddell & Reed Financial Inc	$0	–	-11,480	–	-0.01%	–
MHFI	Exit	McGraw Hill Financial Inc.	$0	–	-4,590	–	-0.01%	–
ITT	Exit	ITT Corporation	$0	–	-12,600	–	-0.01%	–
DLX	Exit	Deluxe Corporation	$0	–	-7,470	–	-0.01%	–
NTAP	Exit	NetApp Inc.	$0	–	-14,310	–	-0.01%	–
UPLMQ	Exit	Ultra Petroleum Corp	$0	–	-63,620	–	-0.01%	–
CAT	Exit	Caterpillar Inc	$0	–	-5,870	–	-0.01%	–
GILD	Exit	Gilead Sciences Inc.	$0	–	-4,160	–	-0.01%	–
CHH	Exit	Choice Hotels Intl	$0	–	-8,940	–	-0.01%	–
SCCO	Exit	Southern Copper Corp	$0	–	-13,930	–	-0.01%	–
HIBB	Exit	Hibbett Sports Inc.	$0	–	-11,410	–	-0.01%	–
STJ	Exit	Saint Jude Med Inc	$0	–	-6,440	–	-0.01%	–
TDC	Exit	Teradata Corp	$0	–	-14,650	–	-0.01%	–
BKE	Exit	The Buckle Inc	$0	–	-10,580	–	-0.01%	–
CI	Exit	Cigna Corporation	$0	–	-3,130	–	-0.01%	–
ZBH	Exit	Zimmer Biomet Holdings Inc	$0	–	-4,100	–	-0.01%	–
BBBY	Exit	Bed Bath & Beyond Inc	$0	–	-7,110	–	-0.01%	–
BA	Exit	Boeing Company	$0	–	-2,900	–	-0.01%	–
RL	Exit	Polo Ralph Lauren Corp Cl A	$0	–	-3,950	–	-0.01%	–
JCOM	Exit	J2 Global Inc	$0	–	-6,370	–	-0.01%	–
NSR	Exit	Neustar Inc	$0	–	-16,250	–	-0.01%	–
CBRL	Exit	Cracker Barrel Old Country Sto	$0	–	-3,090	–	-0.01%	–
IBM	Exit	IBM Corp	$0	–	-2,980	–	-0.01%	–
EAT	Exit	Brinker International	$0	–	-8,170	–	-0.01%	–
CPB	Exit	Campbell Soup Company	$0	–	-9,040	–	-0.01%	–
GWW	Exit	W.W. Grainger Inc.	$0	–	-1,990	–	-0.01%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-6,170	–	-0.01%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-16,900	–	-0.01%	–
VGR	Exit	Vector Group Ltd	$0	–	-19,305	–	-0.01%	–
PM	Exit	Philip Morris Intl	$0	–	-5,470	–	-0.01%	–
TUP	Exit	Tupperware Brands	$0	–	-8,660	–	-0.01%	–
SYNT	Exit	Syntel	$0	–	-9,930	–	-0.01%	–
GPC	Exit	Genuine Parts Company	$0	–	-5,230	–	-0.01%	–
LLTC	Exit	Linear Technology Corp	$0	–	-11,120	–	-0.01%	–
DNB	Exit	Dun & Bradstreet Corp	$0	–	-4,160	–	-0.01%	–
PBI	Exit	Pitney Bowes Inc.	$0	–	-22,210	–	-0.01%	–
FCFS	Exit	First Cash Fncl Svcs Inc.	$0	–	-11,220	–	-0.01%	–
TGT	Exit	Target Corp	$0	–	-5,650	–	-0.01%	–
SHW	Exit	Sherwin-Williams Co	$0	–	-1,950	–	-0.01%	–
TNH	Exit	Terra Nitrogen Co LP	$0	–	-4,260	–	-0.01%	–
CHRW	Exit	C.H. Robinson Worldwide Inc.	$0	–	-6,550	–	-0.01%	–
MLHR	Exit	Herman Miller Inc.	$0	–	-15,740	–	-0.01%	–
OI	Exit	Owens-Illinois Inc.	$0	–	-21,480	–	-0.01%	–
TXN	Exit	Texas Instruments Inc	$0	–	-9,400	–	-0.01%	–
APOL	Exit	Apollo Education Group Inc.	$0	–	-39,870	–	-0.01%	–
GIS	Exit	General Mills Inc.	$0	–	-7,780	–	-0.01%	–
COH	Exit	Coach Inc	$0	–	-14,830	–	-0.01%	–
MCD	Exit	McDonald's Corp.	$0	–	-4,580	–	-0.01%	–
WMT	Exit	Wal Mart Stores Inc	$0	–	-6,630	–	-0.01%	–
WU	Exit	Western Union	$0	–	-24,010	–	-0.01%	–
BBY	Exit	Best Buy Co. Inc.	$0	–	-14,470	–	-0.01%	–
NSRGY	Exit	Nestle S.A. ADR	$0	–	-6,750	–	-0.01%	–
PAYX	Exit	Paychex Inc.	$0	–	-11,885	–	-0.01%	–
VAR	Exit	Varian Medical Systems	$0	–	-15,703	–	-0.02%	–
RS	Exit	Reliance Steel And Aluminum Co	$0	–	-28,600	–	-0.03%	–
ABBV	Exit	AbbVie Inc.	$0	–	-31,470	–	-0.03%	–
BMY	Exit	Bristol Myers Squibb Co.	$0	–	-33,000	–	-0.03%	–
CLX	Exit	Clorox Company	$0	–	-47,145	–	-0.10%	–
ABT	Exit	Abbott Laboratories	$0	–	-146,697	–	-0.10%	–
ADBE	Exit	Adobe Systems Inc.	$0	–	-79,305	–	-0.12%	–
SYK	Exit	Stryker Corp	$0	–	-89,776	–	-0.15%	–
ADP	Exit	Automatic Data Processing Inc.	$0	–	-164,688	–	-0.23%	–
EFX	Exit	Equifax Inc	$0	–	-173,916	–	-0.30%	–
MA	Exit	Mastercard Inc.	$0	–	-1,239,980	–	-1.97%	–
DD	Exit	DuPont de Nemours & Co.	$0	–	-2,445,600	–	-2.08%	–
KO	Exit	Coca-Cola Company	$0	–	-3,089,726	–	-2.18%	–
EMR	Exit	Emerson Electric Co.	$0	–	-2,892,854	–	-2.25%	–
TROW	Exit	T Rowe Price Group Inc	$0	–	-2,018,376	–	-2.47%	–
WAT	Exit	Waters Corp	$0	–	-1,309,895	–	-2.73%	–
UNH	Exit	Unitedhealth Group Inc	$0	–	-1,361,880	–	-2.78%	–
CTSH	Exit	Cognizant Tech Solutions	$0	–	-2,548,963	–	-2.81%	–
APH	Exit	Amphenol Corp.	$0	–	-3,182,079	–	-2.85%	–
UPS	Exit	United Parcel Svc Cl B	$0	–	-1,803,137	–	-3.13%	–
NKE	Exit	Nike Inc cl B	$0	–	-1,449,830	–	-3.14%	–
MDT	Exit	Medtronic PLC	$0	–	-3,014,766	–	-3.55%	–
OMC	Exit	Omnicom Group Inc	$0	–	-3,145,717	–	-3.65%	–
PG	Exit	Procter & Gamble Co.	$0	–	-2,925,817	–	-3.70%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-3,342,339	–	-3.73%	–
JNJ	Exit	Johnson & Johnson	$0	–	-2,712,485	–	-4.46%	–
ORCL	Exit	Oracle Corporation	$0	–	-7,031,315	–	-4.47%	–
UTX	Exit	United Technologies Corp	$0	–	-2,924,457	–	-4.58%	–
PX	Exit	Praxair Inc	$0	–	-2,563,137	–	-4.60%	–
MSFT	Exit	Microsoft Corporation	$0	–	-6,319,586	–	-4.92%	–
ECL	Exit	Ecolab Inc	$0	–	-2,598,511	–	-5.02%	–
MMM	Exit	3M Company	$0	–	-2,027,879	–	-5.06%	–
TJX	Exit	TJX Companies Inc	$0	–	-4,190,557	–	-5.27%	–
BDX	Exit	Becton Dickinson & Co.	$0	–	-2,370,775	–	-5.54%	–
ACN	Exit	Accenture Plc	$0	–	-3,268,351	–	-5.65%	–
PEP	Exit	PepsiCo Inc.	$0	–	-3,501,471	–	-5.81%	–

Q3 2015

			Value		Shares		↓ Weighting
PEP	Buy	PepsiCo Inc.	$330,189,000	+1.7%	3,501,471	+0.7%	5.81%	+12.0%
ACN	Sell	Accenture Plc	$321,148,000	-9.6%	3,268,351	-11.0%	5.65%	-0.4%
BDX	Sell	Becton Dickinson & Co.	$314,507,000	-12.8%	2,370,775	-6.9%	5.54%	-3.9%
TJX	Sell	TJX Companies Inc	$299,290,000	-8.3%	4,190,557	-15.0%	5.27%	+1.0%
MMM	Buy	3M Company	$287,492,000	-7.2%	2,027,879	+1.0%	5.06%	+2.2%
ECL	Buy	Ecolab Inc	$285,109,000	-2.5%	2,598,511	+0.5%	5.02%	+7.4%
MSFT	Buy	Microsoft Corporation	$279,705,000	+1.2%	6,319,586	+0.9%	4.92%	+11.4%
PX	Buy	Praxair Inc	$261,081,000	-14.2%	2,563,137	+0.7%	4.60%	-5.5%
UTX	Buy	United Technologies Corp	$260,247,000	-18.9%	2,924,457	+1.0%	4.58%	-10.7%
ORCL	Buy	Oracle Corporation	$253,971,000	-9.6%	7,031,315	+0.9%	4.47%	-0.4%
JNJ	Buy	Johnson & Johnson	$253,210,000	+23.3%	2,712,485	+28.7%	4.46%	+35.8%
CL	Buy	Colgate-Palmolive Co	$212,105,000	-2.4%	3,342,339	+0.6%	3.73%	+7.5%
PG	Buy	Procter & Gamble Co.	$210,483,000	+7.4%	2,925,817	+16.8%	3.70%	+18.3%
OMC	Buy	Omnicom Group Inc	$207,303,000	-4.6%	3,145,717	+0.6%	3.65%	+5.1%
MDT	Sell	Medtronic PLC	$201,808,000	-36.9%	3,014,766	-30.2%	3.55%	-30.5%
NKE	Buy	Nike Inc cl B	$178,286,000	+14.7%	1,449,830	+0.8%	3.14%	+26.3%
UPS	Buy	United Parcel Svc Cl B	$177,952,000	+2.6%	1,803,137	+0.8%	3.13%	+13.0%
APH	Buy	Amphenol Corp.	$162,159,000	-11.2%	3,182,079	+1.0%	2.85%	-2.2%
CTSH	Buy	Cognizant Tech Solutions	$159,591,000	+3.1%	2,548,963	+0.6%	2.81%	+13.5%
UNH	Buy	Unitedhealth Group Inc	$157,992,000	-4.2%	1,361,880	+0.7%	2.78%	+5.5%
WAT	Buy	Waters Corp	$154,843,000	-7.3%	1,309,895	+0.6%	2.73%	+2.1%
TROW	Buy	T Rowe Price Group Inc	$140,277,000	-10.2%	2,018,376	+0.4%	2.47%	-1.1%
EMR	Sell	Emerson Electric Co.	$127,777,000	-32.7%	2,892,854	-15.6%	2.25%	-25.9%
KO	Buy	Coca-Cola Company	$123,960,000	+2.9%	3,089,726	+0.7%	2.18%	+13.4%
DD	Buy	DuPont de Nemours & Co.	$117,878,000	-1.5%	2,445,600	+30.7%	2.08%	+8.5%
MA	New	Mastercard Inc.	$111,747,000	–	1,239,980	–	1.97%	–
EFX	Sell	Equifax Inc	$16,901,000	-86.4%	173,916	-86.4%	0.30%	-85.0%
ADP	Sell	Automatic Data Processing Inc.	$13,234,000	-0.6%	164,688	-0.8%	0.23%	+9.4%
SYK	Sell	Stryker Corp	$8,448,000	-7.3%	89,776	-5.8%	0.15%	+2.1%
ADBE	Sell	Adobe Systems Inc.	$6,520,000	-4.3%	79,305	-5.7%	0.12%	+5.5%
ABT	Sell	Abbott Laboratories	$5,900,000	-25.0%	146,697	-8.5%	0.10%	-17.5%
CLX	Sell	Clorox Company	$5,447,000	+5.7%	47,145	-4.8%	0.10%	+17.1%
ABBV	Sell	AbbVie Inc.	$1,712,000	-25.2%	31,470	-7.6%	0.03%	-18.9%
VAR	Sell	Varian Medical Systems	$1,159,000	-99.3%	15,703	-99.2%	0.02%	-99.2%
PAYX	Sell	Paychex Inc.	$566,000	-1.7%	11,885	-3.3%	0.01%	+11.1%
BBY	Sell	Best Buy Co. Inc.	$537,000	+11.4%	14,470	-2.2%	0.01%	+12.5%
MLHR	Sell	Herman Miller Inc.	$454,000	-13.9%	15,740	-13.5%	0.01%	0.0%
PM	Sell	Philip Morris Intl	$434,000	-8.6%	5,470	-7.6%	0.01%	0.0%
PBI	Sell	Pitney Bowes Inc.	$441,000	-5.0%	22,210	-0.4%	0.01%	+14.3%
RL	Buy	Polo Ralph Lauren Corp Cl A	$467,000	-9.1%	3,950	+1.8%	0.01%	0.0%
SYNT	Sell	Syntel	$450,000	-16.8%	9,930	-12.9%	0.01%	-11.1%
TGT	Sell	Target Corp	$444,000	-15.9%	5,650	-12.7%	0.01%	0.0%
CSCO	Sell	Cisco Systems Inc.	$444,000	-5.5%	16,900	-1.2%	0.01%	0.0%
TNH	Buy	Terra Nitrogen Co LP	$460,000	0.0%	4,260	+12.1%	0.01%	+14.3%
TXN	Buy	Texas Instruments Inc	$465,000	-0.9%	9,400	+3.2%	0.01%	+14.3%
TUP	Buy	Tupperware Brands	$429,000	-12.1%	8,660	+14.6%	0.01%	0.0%
COH	Buy	Coach Inc	$429,000	-8.5%	14,830	+9.4%	0.01%	+14.3%
CBRL	Sell	Cracker Barrel Old Country Sto	$455,000	-16.8%	3,090	-15.8%	0.01%	-11.1%
WU	Buy	Western Union	$441,000	-3.5%	24,010	+6.9%	0.01%	+14.3%
DNB	Buy	Dun & Bradstreet Corp	$437,000	-9.1%	4,160	+5.6%	0.01%	0.0%
WMT	Sell	Wal Mart Stores Inc	$430,000	-8.9%	6,630	-0.5%	0.01%	0.0%
XOM	Buy	Exxon Mobil Corp	$459,000	-5.0%	6,170	+6.2%	0.01%	0.0%
FCFS	New	First Cash Fncl Svcs Inc.	$449,000	–	11,220	–	0.01%	–
GIS	Sell	General Mills Inc.	$437,000	-12.4%	7,780	-13.1%	0.01%	0.0%
GPC	Sell	Genuine Parts Company	$434,000	-10.1%	5,230	-3.0%	0.01%	0.0%
GWW	Sell	W.W. Grainger Inc.	$428,000	-12.1%	1,990	-3.4%	0.01%	0.0%
IBM	Buy	IBM Corp	$432,000	-9.1%	2,980	+2.1%	0.01%	0.0%
JCOM	Sell	J2 Global Inc	$451,000	-12.4%	6,370	-16.0%	0.01%	0.0%
EAT	Sell	Brinker International	$430,000	-17.5%	8,170	-9.5%	0.01%	0.0%
LLTC	Buy	Linear Technology Corp	$449,000	-6.3%	11,120	+2.6%	0.01%	0.0%
MCD	Sell	McDonald's Corp.	$451,000	-6.4%	4,580	-9.7%	0.01%	0.0%
CHRW	Sell	C.H. Robinson Worldwide Inc.	$444,000	-10.3%	6,550	-17.5%	0.01%	0.0%
VGR	Sell	Vector Group Ltd	$436,000	-18.0%	19,305	-14.9%	0.01%	-11.1%
CPB	Sell	Campbell Soup Company	$458,000	-11.4%	9,040	-16.7%	0.01%	0.0%
APOL	Buy	Apollo Education Group Inc.	$441,000	+10.0%	39,870	+28.2%	0.01%	+33.3%
NSR	Sell	Neustar Inc	$442,000	-18.3%	16,250	-12.3%	0.01%	-11.1%
OI	Buy	Owens-Illinois Inc.	$445,000	-4.3%	21,480	+6.0%	0.01%	+14.3%
ZBH	Sell	Zimmer Biomet Holdings Inc	$385,000	-20.8%	4,100	-7.9%	0.01%	-12.5%
BAX	Buy	Baxter International	$381,000	-27.6%	11,590	+54.1%	0.01%	-12.5%
BBBY	Buy	Bed Bath & Beyond Inc	$405,000	-16.8%	7,110	+0.7%	0.01%	-12.5%
BA	New	Boeing Company	$380,000	–	2,900	–	0.01%	–
BKE	Sell	The Buckle Inc	$391,000	-26.1%	10,580	-8.4%	0.01%	-12.5%
CI	Sell	Cigna Corporation	$423,000	-31.7%	3,130	-18.1%	0.01%	-30.0%
CAT	Buy	Caterpillar Inc	$384,000	-21.8%	5,870	+1.4%	0.01%	-12.5%
CHH	New	Choice Hotels Intl	$426,000	–	8,940	–	0.01%	–
CR	Buy	Crane Company	$395,000	-17.0%	8,480	+4.7%	0.01%	-12.5%
DLX	Sell	Deluxe Corporation	$416,000	-12.8%	7,470	-2.9%	0.01%	-12.5%
GILD	Sell	Gilead Sciences Inc.	$408,000	-24.9%	4,160	-10.3%	0.01%	-22.2%
HIBB	Buy	Hibbett Sports Inc.	$399,000	-24.3%	11,410	+0.9%	0.01%	-12.5%
ITT	Buy	ITT Corporation	$421,000	-14.8%	12,600	+6.7%	0.01%	-12.5%
KMB	New	Kimberly-Clark Corp.	$422,000	–	3,870	–	0.01%	–
LSTR	Sell	Landstar System Inc.	$408,000	-24.7%	6,430	-20.7%	0.01%	-22.2%
MSM	New	MSC Industrial Direct Co.	$383,000	–	6,280	–	0.01%	–
MHFI	Sell	McGraw Hill Financial Inc.	$397,000	-16.9%	4,590	-3.6%	0.01%	-12.5%
NTAP	Buy	NetApp Inc.	$424,000	-6.0%	14,310	+0.1%	0.01%	0.0%
PFE	Sell	Pfizer Inc.	$416,000	-16.6%	13,230	-11.0%	0.01%	-12.5%
STJ	Sell	Saint Jude Med Inc	$406,000	-19.0%	6,440	-6.1%	0.01%	-12.5%
SCCO	New	Southern Copper Corp	$372,000	–	13,930	–	0.01%	–
TDC	Buy	Teradata Corp	$424,000	-10.0%	14,650	+15.1%	0.01%	-12.5%
UPLMQ	New	Ultra Petroleum Corp	$407,000	–	63,620	–	0.01%	–
WDR	Buy	Waddell & Reed Financial Inc	$399,000	-19.2%	11,480	+10.0%	0.01%	-12.5%
MRK	New	Merck & Co. Inc.	$364,000	–	7,370	–	0.01%	–
EMN	New	Eastman Chemical Co.	$349,000	–	5,400	–	0.01%	–
DECK	New	Deckers Outdoor Corp.	$348,000	–	5,990	–	0.01%	–
AAPL	Buy	Apple Inc.	$324,000	+2.5%	2,940	+16.7%	0.01%	+20.0%
SONC	New	Sonic Corp	$366,000	–	15,960	–	0.01%	–
EPC	New	Edgewell Personal Care Company	$273,000	–	3,350	–	0.01%	–
T	New	AT&T Corp	$293,000	–	9,000	–	0.01%	–
AVP	Buy	Avon Products Inc.	$309,000	-34.5%	95,140	+26.2%	0.01%	-37.5%
BCR	Exit	C.R. Bard Inc.	$0	–	-1,425	–	-0.00%	–
NUS	Exit	Nu Skin Enterprises Inc.	$0	–	-9,820	–	-0.01%	–
JWA	Exit	John Wiley & Sons	$0	–	-8,520	–	-0.01%	–
JWN	Exit	Nordstrom Inc.	$0	–	-6,800	–	-0.01%	–
CMP	Exit	Compass Minerals Intl Inc	$0	–	-5,740	–	-0.01%	–
LXK	Exit	Lexmark International Inc.	$0	–	-11,310	–	-0.01%	–
ENR	Exit	Energizer Holdings Inc	$0	–	-3,650	–	-0.01%	–
OA	Exit	Orbital ATK Inc Com	$0	–	-6,550	–	-0.01%	–
PRAA	Exit	PRA Group Inc	$0	–	-8,840	–	-0.01%	–
HLF	Exit	Herbalife Ltd.	$0	–	-9,680	–	-0.01%	–
DE	Exit	Deere & Company	$0	–	-5,700	–	-0.01%	–

Q2 2015

			Value		Shares		↓ Weighting
BDX	New	Becton Dickinson & Co.	$360,620,000	–	2,545,850	–	5.76%	–
ACN	New	Accenture Plc	$355,267,000	–	3,670,871	–	5.68%	–
TJX	New	TJX Companies Inc	$326,368,000	–	4,932,267	–	5.22%	–
PEP	New	PepsiCo Inc.	$324,665,000	–	3,478,300	–	5.19%	–
UTX	New	United Technologies Corp	$321,055,000	–	2,894,214	–	5.13%	–
MDT	New	Medtronic PLC	$319,875,000	–	4,316,801	–	5.11%	–
MMM	New	3M Company	$309,759,000	–	2,007,514	–	4.95%	–
PX	New	Praxair Inc	$304,306,000	–	2,545,427	–	4.86%	–
ECL	New	Ecolab Inc	$292,465,000	–	2,586,581	–	4.67%	–
ORCL	New	Oracle Corporation	$280,823,000	–	6,968,315	–	4.49%	–
MSFT	New	Microsoft Corporation	$276,445,000	–	6,261,486	–	4.42%	–
OMC	New	Omnicom Group Inc	$217,322,000	–	3,127,387	–	3.47%	–
CL	New	Colgate-Palmolive Co	$217,328,000	–	3,322,549	–	3.47%	–
JNJ	New	Johnson & Johnson	$205,423,000	–	2,107,772	–	3.28%	–
PG	New	Procter & Gamble Co.	$195,952,000	–	2,504,502	–	3.13%	–
EMR	New	Emerson Electric Co.	$189,980,000	–	3,427,379	–	3.04%	–
APH	New	Amphenol Corp.	$182,649,000	–	3,150,759	–	2.92%	–
UPS	New	United Parcel Svc Cl B	$173,424,000	–	1,789,537	–	2.77%	–
WAT	New	Waters Corp	$167,080,000	–	1,301,450	–	2.67%	–
UNH	New	Unitedhealth Group Inc	$164,997,000	–	1,352,435	–	2.64%	–
VAR	New	Varian Medical Systems	$160,728,000	–	1,905,943	–	2.57%	–
TROW	New	T Rowe Price Group Inc	$156,228,000	–	2,009,881	–	2.50%	–
NKE	New	Nike Inc cl B	$155,445,000	–	1,439,035	–	2.48%	–
CTSH	New	Cognizant Tech Solutions	$154,783,000	–	2,533,683	–	2.47%	–
EFX	New	Equifax Inc	$124,022,000	–	1,277,393	–	1.98%	–
KO	New	Coca-Cola Company	$120,411,000	–	3,069,361	–	1.92%	–
DD	New	DuPont de Nemours & Co.	$119,645,000	–	1,870,910	–	1.91%	–
ADP	New	Automatic Data Processing Inc.	$13,317,000	–	165,988	–	0.21%	–
SYK	New	Stryker Corp	$9,110,000	–	95,326	–	0.15%	–
ABT	New	Abbott Laboratories	$7,868,000	–	160,310	–	0.13%	–
ADBE	New	Adobe Systems Inc.	$6,813,000	–	84,105	–	0.11%	–
CLX	New	Clorox Company	$5,154,000	–	49,545	–	0.08%	–
ABBV	New	AbbVie Inc.	$2,289,000	–	34,070	–	0.04%	–
BMY	New	Bristol Myers Squibb Co.	$2,196,000	–	33,000	–	0.04%	–
RS	New	Reliance Steel And Aluminum Co	$1,730,000	–	28,600	–	0.03%	–
CI	New	Cigna Corporation	$619,000	–	3,820	–	0.01%	–
HLF	New	Herbalife Ltd.	$533,000	–	9,680	–	0.01%	–
SYNT	New	Syntel	$541,000	–	11,400	–	0.01%	–
NSR	New	Neustar Inc	$541,000	–	18,520	–	0.01%	–
CBRL	New	Cracker Barrel Old Country Sto	$547,000	–	3,670	–	0.01%	–
SHW	New	Sherwin-Williams Co	$536,000	–	1,950	–	0.01%	–
DE	New	Deere & Company	$553,000	–	5,700	–	0.01%	–
LSTR	New	Landstar System Inc.	$542,000	–	8,110	–	0.01%	–
VGR	New	Vector Group Ltd	$532,000	–	22,690	–	0.01%	–
PRAA	New	PRA Group Inc	$551,000	–	8,840	–	0.01%	–
PAYX	New	Paychex Inc.	$576,000	–	12,285	–	0.01%	–
GILD	New	Gilead Sciences Inc.	$543,000	–	4,640	–	0.01%	–
MLHR	New	Herman Miller Inc.	$527,000	–	18,200	–	0.01%	–
NSRGY	New	Nestle S.A. ADR	$487,000	–	6,750	–	0.01%	–
CSCO	New	Cisco Systems Inc.	$470,000	–	17,110	–	0.01%	–
JWN	New	Nordstrom Inc.	$507,000	–	6,800	–	0.01%	–
CAT	New	Caterpillar Inc	$491,000	–	5,790	–	0.01%	–
CPB	New	Campbell Soup Company	$517,000	–	10,850	–	0.01%	–
OA	New	Orbital ATK Inc Com	$481,000	–	6,550	–	0.01%	–
PFE	New	Pfizer Inc.	$499,000	–	14,870	–	0.01%	–
PM	New	Philip Morris Intl	$475,000	–	5,920	–	0.01%	–
CHRW	New	C.H. Robinson Worldwide Inc.	$495,000	–	7,940	–	0.01%	–
BKE	New	The Buckle Inc	$529,000	–	11,550	–	0.01%	–
RL	New	Polo Ralph Lauren Corp Cl A	$514,000	–	3,880	–	0.01%	–
STJ	New	Saint Jude Med Inc	$501,000	–	6,860	–	0.01%	–
EAT	New	Brinker International	$521,000	–	9,030	–	0.01%	–
WDR	New	Waddell & Reed Financial Inc	$494,000	–	10,440	–	0.01%	–
DNB	New	Dun & Bradstreet Corp	$481,000	–	3,940	–	0.01%	–
CR	New	Crane Company	$476,000	–	8,100	–	0.01%	–
ENR	New	Energizer Holdings Inc	$480,000	–	3,650	–	0.01%	–
CMP	New	Compass Minerals Intl Inc	$471,000	–	5,740	–	0.01%	–
XOM	New	Exxon Mobil Corp	$483,000	–	5,810	–	0.01%	–
GIS	New	General Mills Inc.	$499,000	–	8,950	–	0.01%	–
GPC	New	Genuine Parts Company	$483,000	–	5,390	–	0.01%	–
GWW	New	W.W. Grainger Inc.	$487,000	–	2,060	–	0.01%	–
HIBB	New	Hibbett Sports Inc.	$527,000	–	11,310	–	0.01%	–
ITT	New	ITT Corporation	$494,000	–	11,810	–	0.01%	–
IBM	New	IBM Corp	$475,000	–	2,920	–	0.01%	–
JCOM	New	J2 Global Inc	$515,000	–	7,580	–	0.01%	–
LXK	New	Lexmark International Inc.	$500,000	–	11,310	–	0.01%	–
LLTC	New	Linear Technology Corp	$479,000	–	10,840	–	0.01%	–
MCD	New	McDonald's Corp.	$482,000	–	5,070	–	0.01%	–
MHFI	New	McGraw Hill Financial Inc.	$478,000	–	4,760	–	0.01%	–
BBY	New	Best Buy Co. Inc.	$482,000	–	14,790	–	0.01%	–
TGT	New	Target Corp	$528,000	–	6,470	–	0.01%	–
TDC	New	Teradata Corp	$471,000	–	12,730	–	0.01%	–
BBBY	New	Bed Bath & Beyond Inc	$487,000	–	7,060	–	0.01%	–
TUP	New	Tupperware Brands	$488,000	–	7,560	–	0.01%	–
BAX	New	Baxter International	$526,000	–	7,520	–	0.01%	–
AVP	New	Avon Products Inc.	$472,000	–	75,370	–	0.01%	–
DLX	New	Deluxe Corporation	$477,000	–	7,690	–	0.01%	–
WMT	New	Wal Mart Stores Inc	$472,000	–	6,660	–	0.01%	–
ZBH	New	Zimmer Biomet Holdings Inc	$486,000	–	4,450	–	0.01%	–
COH	New	Coach Inc	$469,000	–	13,560	–	0.01%	–
TXN	New	Texas Instruments Inc	$469,000	–	9,110	–	0.01%	–
WU	New	Western Union	$457,000	–	22,460	–	0.01%	–
JWA	New	John Wiley & Sons	$463,000	–	8,520	–	0.01%	–
PBI	New	Pitney Bowes Inc.	$464,000	–	22,300	–	0.01%	–
OI	New	Owens-Illinois Inc.	$465,000	–	20,260	–	0.01%	–
NUS	New	Nu Skin Enterprises Inc.	$463,000	–	9,820	–	0.01%	–
NTAP	New	NetApp Inc.	$451,000	–	14,290	–	0.01%	–
TNH	New	Terra Nitrogen Co LP	$460,000	–	3,800	–	0.01%	–
APOL	New	Apollo Education Group Inc.	$401,000	–	31,100	–	0.01%	–
AAPL	New	Apple Inc.	$316,000	–	2,520	–	0.01%	–
BCR	New	C.R. Bard Inc.	$243,000	–	1,425	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
BCR	Exit	C.R. Bard Inc.	$0	–	-1,425	–	-0.00%	–
HIBB	Exit	Hibbett Sports Inc.	$0	–	-6,720	–	-0.01%	–
WRLD	Exit	World Acceptance Corp	$0	–	-5,820	–	-0.01%	–
RAI	Exit	Reynolds American Inc	$0	–	-6,420	–	-0.01%	–
MCO	Exit	Moody's Corp.	$0	–	-4,310	–	-0.01%	–
OI	Exit	Owens-Illinois Inc.	$0	–	-15,920	–	-0.01%	–
DLX	Exit	Deluxe Corporation	$0	–	-8,550	–	-0.01%	–
PBI	Exit	Pitney Bowes Inc.	$0	–	-18,680	–	-0.01%	–
DST	Exit	DST Systems Inc.	$0	–	-5,360	–	-0.01%	–
NSR	Exit	Neustar Inc	$0	–	-17,100	–	-0.01%	–
HLF	Exit	Herbalife Ltd.	$0	–	-9,680	–	-0.01%	–
CAT	Exit	Caterpillar Inc	$0	–	-4,640	–	-0.01%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-5,000	–	-0.01%	–
HRB	Exit	H&R Block Inc.	$0	–	-14,820	–	-0.01%	–
SLGN	Exit	Silgan Holdings Inc	$0	–	-9,980	–	-0.01%	–
AVP	Exit	Avon Products Inc.	$0	–	-35,970	–	-0.01%	–
PRAA	Exit	PRA Group Inc	$0	–	-8,580	–	-0.01%	–
LXK	Exit	Lexmark International Inc.	$0	–	-9,760	–	-0.01%	–
BLL	Exit	Ball Corporation	$0	–	-6,830	–	-0.01%	–
CCK	Exit	Crown Holdings Inc.	$0	–	-10,580	–	-0.01%	–
DE	Exit	Deere & Company	$0	–	-5,780	–	-0.01%	–
USNA	Exit	USANA Health Sciences	$0	–	-6,920	–	-0.01%	–
PDCO	Exit	Patterson Companies Inc	$0	–	-12,600	–	-0.01%	–
COL	Exit	Rockwell Collins Inc	$0	–	-6,600	–	-0.01%	–
WDC	Exit	Western Digital Corp	$0	–	-4,930	–	-0.01%	–
GD	Exit	General Dynamics Corp.	$0	–	-4,090	–	-0.01%	–
CI	Exit	Cigna Corporation	$0	–	-5,350	–	-0.01%	–
ENR	Exit	Energizer Holdings Inc	$0	–	-4,090	–	-0.01%	–
HPY	Exit	Heartland Payment Systems	$0	–	-10,420	–	-0.01%	–
KR	Exit	Kroger Company	$0	–	-9,860	–	-0.01%	–
SYNT	Exit	Syntel	$0	–	-5,500	–	-0.01%	–
BA	Exit	Boeing Company	$0	–	-3,980	–	-0.01%	–
WMT	Exit	Wal Mart Stores Inc	$0	–	-6,670	–	-0.01%	–
MLHR	Exit	Herman Miller Inc.	$0	–	-16,600	–	-0.01%	–
LH	Exit	Laboratory Corp of America	$0	–	-4,710	–	-0.01%	–
DNB	Exit	Dun & Bradstreet Corp	$0	–	-4,160	–	-0.01%	–
DGX	Exit	Quest Diagnostics Inc	$0	–	-8,070	–	-0.01%	–
CACC	Exit	Credit Acceptance Corp	$0	–	-3,940	–	-0.01%	–
K	Exit	Kellogg Company	$0	–	-7,720	–	-0.01%	–
PFE	Exit	Pfizer Inc.	$0	–	-17,190	–	-0.01%	–
BR	Exit	Broadridge Fncl Solutions	$0	–	-12,100	–	-0.01%	–
WDR	Exit	Waddell & Reed Financial Inc	$0	–	-9,300	–	-0.01%	–
MHFI	Exit	McGraw Hill Financial Inc.	$0	–	-6,190	–	-0.01%	–
BBBY	Exit	Bed Bath & Beyond Inc	$0	–	-7,980	–	-0.01%	–
LMT	Exit	Lockheed Martin Corp.	$0	–	-2,890	–	-0.01%	–
ZBH	Exit	Zimmer Biomet Holdings Inc	$0	–	-5,010	–	-0.01%	–
IBM	Exit	IBM Corp	$0	–	-2,620	–	-0.01%	–
DVA	Exit	DaVita HealthCare Partners Inc	$0	–	-6,790	–	-0.01%	–
UNH	Exit	Unitedhealth Group Inc	$0	–	-6,030	–	-0.01%	–
EXPD	Exit	Expeditors International of WA	$0	–	-12,060	–	-0.01%	–
CPB	Exit	Campbell Soup Company	$0	–	-11,280	–	-0.01%	–
FHI	Exit	Federated Investors Inc.	$0	–	-16,840	–	-0.01%	–
	Exit	Alliant Techsystems Inc	$0	–	-3,740	–	-0.01%	–
TDC	Exit	Teradata Corp	$0	–	-11,480	–	-0.01%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-20,200	–	-0.01%	–
COH	Exit	Coach Inc	$0	–	-13,620	–	-0.01%	–
EV	Exit	Eaton Vance Corp.	$0	–	-13,560	–	-0.01%	–
EMN	Exit	Eastman Chemical Co.	$0	–	-6,100	–	-0.01%	–
WW	Exit	Weight Watchers Intl Inc	$0	–	-20,890	–	-0.01%	–
PAYX	Exit	Paychex Inc.	$0	–	-12,585	–	-0.01%	–
BBY	Exit	Best Buy Co. Inc.	$0	–	-16,810	–	-0.01%	–
JNJ	Exit	Johnson & Johnson	$0	–	-15,400	–	-0.03%	–
ABBV	Exit	AbbVie Inc.	$0	–	-40,020	–	-0.04%	–
CLX	Exit	Clorox Company	$0	–	-55,285	–	-0.08%	–
ADBE	Exit	Adobe Systems Inc.	$0	–	-93,430	–	-0.10%	–
ABT	Exit	Abbott Laboratories	$0	–	-163,550	–	-0.11%	–
SYK	Exit	Stryker Corp	$0	–	-95,026	–	-0.12%	–
DD	Exit	DuPont de Nemours & Co.	$0	–	-1,918,705	–	-2.18%	–
CTSH	Exit	Cognizant Tech Solutions	$0	–	-3,450,156	–	-2.45%	–
VAR	Exit	Varian Medical Systems	$0	–	-1,938,398	–	-2.46%	–
NKE	Exit	Nike Inc cl B	$0	–	-1,788,291	–	-2.53%	–
APH	Exit	Amphenol Corp.	$0	–	-1,608,016	–	-2.55%	–
TROW	Exit	T Rowe Price Group Inc	$0	–	-2,057,659	–	-2.56%	–
WAT	Exit	Waters Corp	$0	–	-1,682,438	–	-2.65%	–
PG	Exit	Procter & Gamble Co.	$0	–	-2,127,940	–	-2.83%	–
EMR	Exit	Emerson Electric Co.	$0	–	-3,181,139	–	-3.16%	–
KO	Exit	Coca-Cola Company	$0	–	-5,026,373	–	-3.40%	–
OMC	Exit	Omnicom Group Inc	$0	–	-3,184,839	–	-3.48%	–
ECL	Exit	Ecolab Inc	$0	–	-2,078,581	–	-3.79%	–
UPS	Exit	United Parcel Svc Cl B	$0	–	-2,496,670	–	-3.89%	–
EFX	Exit	Equifax Inc	$0	–	-3,286,670	–	-3.90%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-3,878,612	–	-4.02%	–
ORCL	Exit	Oracle Corporation	$0	–	-6,698,117	–	-4.07%	–
UTX	Exit	United Technologies Corp	$0	–	-2,541,971	–	-4.26%	–
MDT	Exit	Medtronic PLC	$0	–	-4,390,461	–	-4.32%	–
MSFT	Exit	Microsoft Corporation	$0	–	-6,366,901	–	-4.68%	–
ADP	Exit	Automatic Data Processing Inc.	$0	–	-3,561,164	–	-4.70%	–
TJX	Exit	TJX Companies Inc	$0	–	-5,032,232	–	-4.72%	–
ACN	Exit	Accenture Plc	$0	–	-3,737,413	–	-4.82%	–
PX	Exit	Praxair Inc	$0	–	-2,478,130	–	-5.07%	–
MMM	Exit	3M Company	$0	–	-2,363,028	–	-5.31%	–
BDX	Exit	Becton Dickinson & Co.	$0	–	-3,046,327	–	-5.50%	–
PEP	Exit	PepsiCo Inc.	$0	–	-3,887,277	–	-5.74%	–

Q3 2014

			Value		Shares		↓ Weighting
PEP	Sell	PepsiCo Inc.	$361,867,000	-3.7%	3,887,277	-7.6%	5.74%	+1.5%
BDX	Sell	Becton Dickinson & Co.	$346,702,000	-7.2%	3,046,327	-3.5%	5.50%	-2.2%
MMM	Sell	3M Company	$334,794,000	-4.3%	2,363,028	-3.3%	5.31%	+0.9%
PX	Sell	Praxair Inc	$319,679,000	-5.5%	2,478,130	-2.7%	5.07%	-0.4%
ACN	Sell	Accenture Plc	$303,926,000	-2.8%	3,737,413	-3.4%	4.82%	+2.4%
TJX	Buy	TJX Companies Inc	$297,757,000	+14.3%	5,032,232	+2.7%	4.72%	+20.5%
ADP	Sell	Automatic Data Processing Inc.	$295,861,000	+1.4%	3,561,164	-3.2%	4.70%	+6.9%
MSFT	Sell	Microsoft Corporation	$295,170,000	+7.4%	6,366,901	-3.4%	4.68%	+13.2%
MDT	Sell	Medtronic PLC	$271,989,000	-6.2%	4,390,461	-3.4%	4.32%	-1.1%
UTX	Sell	United Technologies Corp	$268,432,000	-11.5%	2,541,971	-3.2%	4.26%	-6.7%
ORCL	Sell	Oracle Corporation	$256,404,000	-8.6%	6,698,117	-3.3%	4.07%	-3.7%
CL	Sell	Colgate-Palmolive Co	$252,963,000	-17.8%	3,878,612	-14.1%	4.02%	-13.4%
EFX	Sell	Equifax Inc	$245,646,000	-0.3%	3,286,670	-3.2%	3.90%	+5.1%
UPS	Sell	United Parcel Svc Cl B	$245,398,000	-7.6%	2,496,670	-3.5%	3.89%	-2.6%
ECL	Sell	Ecolab Inc	$238,683,000	-11.3%	2,078,581	-14.0%	3.79%	-6.5%
OMC	Sell	Omnicom Group Inc	$219,308,000	-6.4%	3,184,839	-3.2%	3.48%	-1.3%
KO	Sell	Coca-Cola Company	$214,425,000	-2.5%	5,026,373	-3.2%	3.40%	+2.8%
EMR	Sell	Emerson Electric Co.	$199,076,000	-8.8%	3,181,139	-3.3%	3.16%	-3.9%
PG	Sell	Procter & Gamble Co.	$178,194,000	-24.1%	2,127,940	-28.8%	2.83%	-20.0%
WAT	Sell	Waters Corp	$166,763,000	-8.3%	1,682,438	-3.3%	2.65%	-3.3%
TROW	Sell	T Rowe Price Group Inc	$161,320,000	-10.3%	2,057,659	-3.5%	2.56%	-5.5%
APH	Sell	Amphenol Corp.	$160,576,000	+0.2%	1,608,016	-3.4%	2.55%	+5.6%
NKE	Sell	Nike Inc cl B	$159,516,000	+11.2%	1,788,291	-3.3%	2.53%	+17.2%
VAR	Sell	Varian Medical Systems	$155,304,000	-7.0%	1,938,398	-3.5%	2.46%	-1.9%
CTSH	Sell	Cognizant Tech Solutions	$154,463,000	-11.3%	3,450,156	-3.1%	2.45%	-6.5%
DD	Sell	DuPont de Nemours & Co.	$137,686,000	+6.8%	1,918,705	-2.6%	2.18%	+12.6%
SYK	Sell	Stryker Corp	$7,673,000	-4.3%	95,026	-0.1%	0.12%	+0.8%
ABT	Sell	Abbott Laboratories	$6,802,000	-0.4%	163,550	-2.0%	0.11%	+4.9%
ADBE	Sell	Adobe Systems Inc.	$6,464,000	-17.2%	93,430	-13.4%	0.10%	-12.7%
CLX	Sell	Clorox Company	$5,310,000	+2.6%	55,285	-2.4%	0.08%	+7.7%
ABBV	Sell	AbbVie Inc.	$2,312,000	+0.2%	40,020	-2.1%	0.04%	+5.7%
WW	Sell	Weight Watchers Intl Inc	$573,000	+33.9%	20,890	-1.6%	0.01%	+50.0%
BBY	Sell	Best Buy Co. Inc.	$565,000	+2.7%	16,810	-5.3%	0.01%	+12.5%
BA	Buy	Boeing Company	$507,000	+15.2%	3,980	+15.0%	0.01%	+14.3%
	New	Alliant Techsystems Inc	$477,000	–	3,740	–	0.01%	–
BBBY	Buy	Bed Bath & Beyond Inc	$525,000	+23.0%	7,980	+7.3%	0.01%	+33.3%
BR	Buy	Broadridge Fncl Solutions	$504,000	+3.3%	12,100	+3.2%	0.01%	+14.3%
CI	Buy	Cigna Corporation	$485,000	+0.8%	5,350	+2.3%	0.01%	+14.3%
CPB	New	Campbell Soup Company	$482,000	–	11,280	–	0.01%	–
CSCO	Sell	Cisco Systems Inc.	$508,000	+1.0%	20,200	-0.2%	0.01%	0.0%
COH	Buy	Coach Inc	$485,000	+27.3%	13,620	+22.3%	0.01%	+33.3%
CACC	Buy	Credit Acceptance Corp	$497,000	+12.7%	3,940	+10.1%	0.01%	+14.3%
DVA	Sell	DaVita HealthCare Partners Inc	$497,000	+1.0%	6,790	-0.3%	0.01%	+14.3%
DE	Buy	Deere & Company	$474,000	+3.5%	5,780	+14.2%	0.01%	+14.3%
DNB	Sell	Dun & Bradstreet Corp	$489,000	+1.2%	4,160	-5.0%	0.01%	+14.3%
EMN	Buy	Eastman Chemical Co.	$493,000	+4.9%	6,100	+13.4%	0.01%	+14.3%
EV	Buy	Eaton Vance Corp.	$512,000	+6.7%	13,560	+6.8%	0.01%	+14.3%
ENR	New	Energizer Holdings Inc	$504,000	–	4,090	–	0.01%	–
EXPD	New	Expeditors International of WA	$489,000	–	12,060	–	0.01%	–
FHI	Buy	Federated Investors Inc.	$494,000	-4.1%	16,840	+1.2%	0.01%	0.0%
GD	Buy	General Dynamics Corp.	$520,000	+11.3%	4,090	+2.0%	0.01%	+14.3%
HPY	Sell	Heartland Payment Systems	$497,000	+4.6%	10,420	-9.5%	0.01%	+14.3%
IBM	Buy	IBM Corp	$497,000	+12.4%	2,620	+7.4%	0.01%	+14.3%
K	Buy	Kellogg Company	$476,000	+6.0%	7,720	+12.9%	0.01%	+14.3%
KR	Sell	Kroger Company	$513,000	+4.7%	9,860	-0.6%	0.01%	+14.3%
LH	Buy	Laboratory Corp of America	$479,000	+0.6%	4,710	+1.3%	0.01%	+14.3%
LMT	Buy	Lockheed Martin Corp.	$528,000	+17.9%	2,890	+3.6%	0.01%	+14.3%
MHFI	Buy	McGraw Hill Financial Inc.	$523,000	+6.5%	6,190	+4.7%	0.01%	+14.3%
MLHR	Buy	Herman Miller Inc.	$496,000	+7.8%	16,600	+9.2%	0.01%	+14.3%
PDCO	Buy	Patterson Companies Inc	$522,000	+17.6%	12,600	+12.1%	0.01%	+14.3%
PFE	Buy	Pfizer Inc.	$508,000	+8.3%	17,190	+8.7%	0.01%	+14.3%
DGX	Sell	Quest Diagnostics Inc	$490,000	+2.7%	8,070	-0.7%	0.01%	+14.3%
COL	Buy	Rockwell Collins Inc	$518,000	+13.1%	6,600	+12.6%	0.01%	+14.3%
SYNT	Sell	Syntel	$484,000	-4.0%	5,500	-6.1%	0.01%	0.0%
TDC	Buy	Teradata Corp	$481,000	+5.3%	11,480	+1.1%	0.01%	+14.3%
USNA	Buy	USANA Health Sciences	$510,000	-3.8%	6,920	+2.1%	0.01%	0.0%
UNH	Buy	Unitedhealth Group Inc	$520,000	+6.6%	6,030	+1.0%	0.01%	+14.3%
WDR	Buy	Waddell & Reed Financial Inc	$481,000	+6.4%	9,300	+28.8%	0.01%	+14.3%
WMT	Buy	Wal Mart Stores Inc	$510,000	+46.6%	6,670	+44.1%	0.01%	+60.0%
WDC	Sell	Western Digital Corp	$480,000	-4.2%	4,930	-9.2%	0.01%	0.0%
ZBH	Buy	Zimmer Biomet Holdings Inc	$504,000	+6.1%	5,010	+9.6%	0.01%	+14.3%
BLL	Sell	Ball Corporation	$432,000	-3.1%	6,830	-3.9%	0.01%	0.0%
LXK	New	Lexmark International Inc.	$415,000	–	9,760	–	0.01%	–
SLGN	New	Silgan Holdings Inc	$469,000	–	9,980	–	0.01%	–
XOM	Buy	Exxon Mobil Corp	$470,000	+2.8%	5,000	+10.1%	0.01%	0.0%
NSR	Sell	Neustar Inc	$425,000	-6.8%	17,100	-2.5%	0.01%	0.0%
DLX	Buy	Deluxe Corporation	$472,000	-3.9%	8,550	+1.9%	0.01%	0.0%
DST	Buy	DST Systems Inc.	$450,000	+30.4%	5,360	+43.3%	0.01%	+40.0%
OI	New	Owens-Illinois Inc.	$415,000	–	15,920	–	0.01%	–
CCK	Buy	Crown Holdings Inc.	$471,000	+0.2%	10,580	+12.1%	0.01%	0.0%
PBI	Buy	Pitney Bowes Inc.	$467,000	-4.5%	18,680	+5.5%	0.01%	0.0%
AVP	Buy	Avon Products Inc.	$453,000	-7.6%	35,970	+7.2%	0.01%	0.0%
CAT	Buy	Caterpillar Inc	$459,000	-3.2%	4,640	+6.4%	0.01%	0.0%
HRB	New	H&R Block Inc.	$460,000	–	14,820	–	0.01%	–
PRAA	Buy	PRA Group Inc	$448,000	-9.5%	8,580	+3.1%	0.01%	0.0%
HLF	Buy	Herbalife Ltd.	$424,000	-13.1%	9,680	+28.0%	0.01%	0.0%
WRLD	Sell	World Acceptance Corp	$393,000	-13.4%	5,820	-2.7%	0.01%	-14.3%
MCO	Sell	Moody's Corp.	$407,000	-16.4%	4,310	-22.3%	0.01%	-14.3%
RAI	New	Reynolds American Inc	$379,000	–	6,420	–	0.01%	–
HIBB	New	Hibbett Sports Inc.	$286,000	–	6,720	–	0.01%	–
DISH	Exit	DISH Network Corp cl A	$0	–	-3,120	–	-0.00%	–
ENDP	Exit	Endo International plc	$0	–	-3,870	–	-0.00%	–
ATK	Exit	Alliant Techsystems Inc	$0	–	-3,100	–	-0.01%	–
LLY	Exit	Eli Lilly & Co.	$0	–	-7,720	–	-0.01%	–
WIN	Exit	Windstream	$0	–	-49,540	–	-0.01%	–
NUS	Exit	Nu Skin Enterprises Inc.	$0	–	-6,240	–	-0.01%	–
GPN	Exit	Global Payments Inc.	$0	–	-6,840	–	-0.01%	–
SCCO	Exit	Southern Copper Corp	$0	–	-15,260	–	-0.01%	–
CHRW	Exit	C.H. Robinson Worldwide Inc.	$0	–	-7,870	–	-0.01%	–
IGT	Exit	International Game Tech.	$0	–	-37,000	–	-0.01%	–

Q2 2014

			Value		Shares		↓ Weighting
PEP	New	PepsiCo Inc.	$375,898,000	–	4,207,495	–	5.66%	–
BDX	New	Becton Dickinson & Co.	$373,536,000	–	3,157,536	–	5.62%	–
MMM	New	3M Company	$349,926,000	–	2,442,937	–	5.27%	–
PX	New	Praxair Inc	$338,232,000	–	2,546,159	–	5.09%	–
ACN	New	Accenture Plc	$312,701,000	–	3,868,153	–	4.71%	–
CL	New	Colgate-Palmolive Co	$307,855,000	–	4,515,321	–	4.64%	–
UTX	New	United Technologies Corp	$303,247,000	–	2,626,650	–	4.56%	–
ADP	New	Automatic Data Processing Inc.	$291,742,000	–	3,679,892	–	4.39%	–
MDT	New	Medtronic PLC	$289,868,000	–	4,546,229	–	4.36%	–
ORCL	New	Oracle Corporation	$280,624,000	–	6,923,856	–	4.22%	–
MSFT	New	Microsoft Corporation	$274,824,000	–	6,590,509	–	4.14%	–
ECL	New	Ecolab Inc	$269,133,000	–	2,417,220	–	4.05%	–
UPS	New	United Parcel Svc Cl B	$265,660,000	–	2,587,769	–	4.00%	–
TJX	New	TJX Companies Inc	$260,432,000	–	4,899,951	–	3.92%	–
EFX	New	Equifax Inc	$246,331,000	–	3,395,794	–	3.71%	–
PG	New	Procter & Gamble Co.	$234,838,000	–	2,988,138	–	3.54%	–
OMC	New	Omnicom Group Inc	$234,245,000	–	3,289,027	–	3.53%	–
KO	New	Coca-Cola Company	$219,968,000	–	5,192,820	–	3.31%	–
EMR	New	Emerson Electric Co.	$218,301,000	–	3,289,647	–	3.29%	–
WAT	New	Waters Corp	$181,802,000	–	1,740,728	–	2.74%	–
TROW	New	T Rowe Price Group Inc	$179,918,000	–	2,131,480	–	2.71%	–
CTSH	New	Cognizant Tech Solutions	$174,076,000	–	3,559,116	–	2.62%	–
VAR	New	Varian Medical Systems	$166,980,000	–	2,008,418	–	2.51%	–
APH	New	Amphenol Corp.	$160,295,000	–	1,663,845	–	2.41%	–
NKE	New	Nike Inc cl B	$143,468,000	–	1,850,001	–	2.16%	–
DD	New	DuPont de Nemours & Co.	$128,951,000	–	1,970,525	–	1.94%	–
SYK	New	Stryker Corp	$8,021,000	–	95,126	–	0.12%	–
ADBE	New	Adobe Systems Inc.	$7,810,000	–	107,930	–	0.12%	–
ABT	New	Abbott Laboratories	$6,826,000	–	166,900	–	0.10%	–
CLX	New	Clorox Company	$5,177,000	–	56,645	–	0.08%	–
ABBV	New	AbbVie Inc.	$2,307,000	–	40,883	–	0.04%	–
JNJ	New	Johnson & Johnson	$1,611,000	–	15,400	–	0.02%	–
IGT	New	International Game Tech.	$589,000	–	37,000	–	0.01%	–
BBY	New	Best Buy Co. Inc.	$550,000	–	17,750	–	0.01%	–
WDC	New	Western Digital Corp	$501,000	–	5,430	–	0.01%	–
USNA	New	USANA Health Sciences	$530,000	–	6,780	–	0.01%	–
FHI	New	Federated Investors Inc.	$515,000	–	16,640	–	0.01%	–
CHRW	New	C.H. Robinson Worldwide Inc.	$502,000	–	7,870	–	0.01%	–
CSCO	New	Cisco Systems Inc.	$503,000	–	20,240	–	0.01%	–
PAYX	New	Paychex Inc.	$523,000	–	12,585	–	0.01%	–
SYNT	New	Syntel	$504,000	–	5,860	–	0.01%	–
KR	New	Kroger Company	$490,000	–	9,920	–	0.01%	–
LH	New	Laboratory Corp of America	$476,000	–	4,650	–	0.01%	–
LLY	New	Eli Lilly & Co.	$480,000	–	7,720	–	0.01%	–
LMT	New	Lockheed Martin Corp.	$448,000	–	2,790	–	0.01%	–
MHFI	New	McGraw Hill Financial Inc.	$491,000	–	5,910	–	0.01%	–
MLHR	New	Herman Miller Inc.	$460,000	–	15,200	–	0.01%	–
MCO	New	Moody's Corp.	$487,000	–	5,550	–	0.01%	–
NSR	New	Neustar Inc	$456,000	–	17,540	–	0.01%	–
NUS	New	Nu Skin Enterprises Inc.	$462,000	–	6,240	–	0.01%	–
CAT	New	Caterpillar Inc	$474,000	–	4,360	–	0.01%	–
PRAA	New	PRA Group Inc	$495,000	–	8,320	–	0.01%	–
PDCO	New	Patterson Companies Inc	$444,000	–	11,240	–	0.01%	–
CI	New	Cigna Corporation	$481,000	–	5,230	–	0.01%	–
PFE	New	Pfizer Inc.	$469,000	–	15,810	–	0.01%	–
PBI	New	Pitney Bowes Inc.	$489,000	–	17,700	–	0.01%	–
BR	New	Broadridge Fncl Solutions	$488,000	–	11,720	–	0.01%	–
BA	New	Boeing Company	$440,000	–	3,460	–	0.01%	–
DGX	New	Quest Diagnostics Inc	$477,000	–	8,130	–	0.01%	–
DE	New	Deere & Company	$458,000	–	5,060	–	0.01%	–
SCCO	New	Southern Copper Corp	$463,000	–	15,260	–	0.01%	–
TDC	New	Teradata Corp	$457,000	–	11,360	–	0.01%	–
COL	New	Rockwell Collins Inc	$458,000	–	5,860	–	0.01%	–
DLX	New	Deluxe Corporation	$491,000	–	8,390	–	0.01%	–
DVA	New	DaVita HealthCare Partners Inc	$492,000	–	6,810	–	0.01%	–
DNB	New	Dun & Bradstreet Corp	$483,000	–	4,380	–	0.01%	–
EMN	New	Eastman Chemical Co.	$470,000	–	5,380	–	0.01%	–
EV	New	Eaton Vance Corp.	$480,000	–	12,700	–	0.01%	–
CCK	New	Crown Holdings Inc.	$470,000	–	9,440	–	0.01%	–
CACC	New	Credit Acceptance Corp	$441,000	–	3,580	–	0.01%	–
XOM	New	Exxon Mobil Corp	$457,000	–	4,540	–	0.01%	–
GD	New	General Dynamics Corp.	$467,000	–	4,010	–	0.01%	–
GPN	New	Global Payments Inc.	$498,000	–	6,840	–	0.01%	–
HPY	New	Heartland Payment Systems	$475,000	–	11,520	–	0.01%	–
IBM	New	IBM Corp	$442,000	–	2,440	–	0.01%	–
K	New	Kellogg Company	$449,000	–	6,840	–	0.01%	–
BLL	New	Ball Corporation	$446,000	–	7,110	–	0.01%	–
UNH	New	Unitedhealth Group Inc	$488,000	–	5,970	–	0.01%	–
AVP	New	Avon Products Inc.	$490,000	–	33,550	–	0.01%	–
WDR	New	Waddell & Reed Financial Inc	$452,000	–	7,220	–	0.01%	–
WIN	New	Windstream	$493,000	–	49,540	–	0.01%	–
WRLD	New	World Acceptance Corp	$454,000	–	5,980	–	0.01%	–
ZBH	New	Zimmer Biomet Holdings Inc	$475,000	–	4,570	–	0.01%	–
HLF	New	Herbalife Ltd.	$488,000	–	7,560	–	0.01%	–
BBBY	New	Bed Bath & Beyond Inc	$427,000	–	7,440	–	0.01%	–
COH	New	Coach Inc	$381,000	–	11,140	–	0.01%	–
ATK	New	Alliant Techsystems Inc	$415,000	–	3,100	–	0.01%	–
WW	New	Weight Watchers Intl Inc	$428,000	–	21,230	–	0.01%	–
DST	New	DST Systems Inc.	$345,000	–	3,740	–	0.01%	–
WMT	New	Wal Mart Stores Inc	$348,000	–	4,630	–	0.01%	–
ENDP	New	Endo International plc	$271,000	–	3,870	–	0.00%	–
BCR	New	C.R. Bard Inc.	$204,000	–	1,425	–	0.00%	–
DISH	New	DISH Network Corp cl A	$203,000	–	3,120	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
CPB	Exit	Campbell Soup Company	$0	–	-6,140	–	-0.00%	–
IBM	Exit	International Business Machines Corp	$0	–	-1,760	–	-0.01%	–
LSTR	Exit	Landstar System Inc.	$0	–	-5,600	–	-0.01%	–
SYY	Exit	Sysco Corp	$0	–	-12,970	–	-0.01%	–
R108	Exit	Energizer Hldgs Inc	$0	–	-4,280	–	-0.01%	–
LXK	Exit	Lexmark Intl Inc	$0	–	-11,930	–	-0.01%	–
PETM	Exit	Petsmart Inc	$0	–	-5,340	–	-0.01%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-17,550	–	-0.01%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-4,840	–	-0.01%	–
JWN	Exit	Nordstrom, Inc.	$0	–	-7,250	–	-0.01%	–
FHI	Exit	Federated Investors Inc.	$0	–	-15,190	–	-0.01%	–
WMT	Exit	Wal Mart Stores Inc	$0	–	-5,680	–	-0.01%	–
MHFI	Exit	McGraw-Hill Financial, Inc.	$0	–	-7,370	–	-0.01%	–
DLX	Exit	Deluxe Corp	$0	–	-10,600	–	-0.01%	–
UPLMQ	Exit	Ultra Petroleum Corp	$0	–	-20,650	–	-0.01%	–
CAT	Exit	Caterpillar Inc	$0	–	-5,360	–	-0.01%	–
MCO	Exit	Moody`s Corp.	$0	–	-6,430	–	-0.01%	–
BBBY	Exit	Bed Bath & Beyond Inc	$0	–	-5,820	–	-0.01%	–
MO	Exit	Altria Group Inc	$0	–	-12,800	–	-0.01%	–
FDO	Exit	Family Dollar Stores, Inc.	$0	–	-6,440	–	-0.01%	–
UNH	Exit	Unitedhealth Group Inc	$0	–	-6,110	–	-0.01%	–
DE	Exit	Deere & Company	$0	–	-5,420	–	-0.01%	–
COL	Exit	Rockwell Collins Inc.	$0	–	-6,230	–	-0.01%	–
AAP	Exit	Advance Auto Parts Inc.	$0	–	-5,390	–	-0.01%	–
WDC	Exit	Western Digital Corp	$0	–	-6,870	–	-0.01%	–
GD	Exit	General Dynamics Corp	$0	–	-5,180	–	-0.01%	–
LMT	Exit	Lockheed Martin Corp	$0	–	-3,690	–	-0.01%	–
DD	Exit	DU Pont E I DE Nemours & Co	$0	–	-7,660	–	-0.01%	–
ZBH	Exit	Zimmer Holdings Inc	$0	–	-5,320	–	-0.01%	–
BLL	Exit	Ball Corporation	$0	–	-9,950	–	-0.01%	–
KR	Exit	Kroger Co	$0	–	-11,330	–	-0.01%	–
GPN	Exit	Global Payments Inc.	$0	–	-9,440	–	-0.01%	–
STJ	Exit	St. Jude Medical Inc.	$0	–	-8,510	–	-0.01%	–
ATK	Exit	Alliant Techsystems Inc	$0	–	-4,670	–	-0.01%	–
CI	Exit	Cigna Corp	$0	–	-5,960	–	-0.01%	–
LH	Exit	Laboratory Corp of America Holdings	$0	–	-4,580	–	-0.01%	–
LLY	Exit	Eli Lilly & Co	$0	–	-8,400	–	-0.01%	–
ROST	Exit	Ross Stores Inc.	$0	–	-6,530	–	-0.01%	–
DGX	Exit	Quest Diagnostics Inc	$0	–	-7,650	–	-0.01%	–
DLB	Exit	Dolby Laboratories Inc.	$0	–	-13,590	–	-0.01%	–
PFE	Exit	Pfizer Inc Com	$0	–	-15,370	–	-0.01%	–
COH	Exit	Coach Inc	$0	–	-8,410	–	-0.01%	–
WRLD	Exit	World Acceptance Corp	$0	–	-5,340	–	-0.01%	–
WDR	Exit	Waddell & Reed Financial Inc	$0	–	-8,590	–	-0.01%	–
NUS	Exit	Nu Skin Enterprises Inc.	$0	–	-5,100	–	-0.01%	–
ENDP	Exit	Endo Pharmaceuticals	$0	–	-11,540	–	-0.01%	–
DELL	Exit	Dell Inc	$0	–	-35,340	–	-0.01%	–
PBI	Exit	Pitney Bowes Inc	$0	–	-27,040	–	-0.01%	–
PAYX	Exit	Paychex Inc	$0	–	-12,585	–	-0.01%	–
TPX	Exit	Tempur Sealy International Inc	$0	–	-11,110	–	-0.01%	–
TTC	Exit	Toro Company	$0	–	-9,000	–	-0.01%	–
BBY	Exit	Best Buy Company Inc	$0	–	-14,830	–	-0.01%	–
JNJ	Exit	Johnson & Johnson	$0	–	-15,400	–	-0.02%	–
ABBV	Exit	AbbVie Inc	$0	–	-42,080	–	-0.03%	–
CLX	Exit	Clorox Co	$0	–	-57,345	–	-0.07%	–
SYK	Exit	Stryker Corp	$0	–	-102,056	–	-0.11%	–
ADBE	Exit	Adobe Systems Inc	$0	–	-1,794,761	–	-1.44%	–
CHRW	Exit	CH Robinson Worldwide	$0	–	-1,988,710	–	-1.83%	–
VAR	Exit	Varian Medical Systems	$0	–	-2,097,235	–	-2.42%	–
APH	Exit	Amphenol Corp	$0	–	-2,095,863	–	-2.51%	–
ABT	Exit	Abbott Labs Com	$0	–	-5,652,243	–	-2.90%	–
ECL	Exit	Ecolab Inc	$0	–	-1,934,293	–	-2.96%	–
EFX	Exit	Equifax Inc	$0	–	-3,407,924	–	-3.16%	–
KO	Exit	Coca-Cola Co	$0	–	-5,393,610	–	-3.16%	–
NKE	Exit	Nike Inc Cl B	$0	–	-2,926,792	–	-3.29%	–
TROW	Exit	T Rowe Price Group Inc	$0	–	-3,041,407	–	-3.38%	–
TJX	Exit	TJX Companies Inc.	$0	–	-3,882,740	–	-3.39%	–
MDT	Exit	Medtronic Inc	$0	–	-4,150,647	–	-3.42%	–
EMR	Exit	Emerson Electric Co	$0	–	-3,423,554	–	-3.43%	–
CTSH	Exit	Cognizant Tech Solutions Corp	$0	–	-2,716,393	–	-3.45%	–
WAT	Exit	Waters Corp	$0	–	-2,124,170	–	-3.49%	–
MSFT	Exit	Microsoft Corp Com	$0	–	-6,853,261	–	-3.53%	–
PX	Exit	Praxair Inc	$0	–	-1,949,977	–	-3.63%	–
UPS	Exit	United Parcel Svc Cl B	$0	–	-2,600,365	–	-3.68%	–
BDX	Exit	Becton Dickinson	$0	–	-2,454,453	–	-3.80%	–
PG	Exit	Procter & Gamble Co	$0	–	-3,259,651	–	-3.81%	–
ACN	Exit	Accenture PLC	$0	–	-3,423,852	–	-3.90%	–
ORCL	Exit	Oracle Corp	$0	–	-8,109,098	–	-4.16%	–
ADP	Exit	Automatic Data Processing	$0	–	-3,839,230	–	-4.30%	–
OMC	Exit	Omnicom Group Inc	$0	–	-4,380,263	–	-4.30%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-4,997,923	–	-4.58%	–
PEP	Exit	Pepsico Inc	$0	–	-3,855,835	–	-4.74%	–
UTX	Exit	United Technologies Corp	$0	–	-3,034,503	–	-5.06%	–
MMM	Exit	3M Co	$0	–	-3,080,859	–	-5.69%	–

Q3 2013

			Value		Shares		↓ Weighting
MMM	Buy	3M Co	$367,885,000	+10.4%	3,080,859	+1.1%	5.69%	+4.2%
UTX	Sell	United Technologies Corp	$327,180,000	+7.3%	3,034,503	-7.5%	5.06%	+1.3%
PEP	Buy	Pepsico Inc	$306,539,000	-1.9%	3,855,835	+0.9%	4.74%	-7.4%
CL	Buy	Colgate-Palmolive Co	$296,377,000	+17.5%	4,997,923	+13.6%	4.58%	+10.9%
ADP	Buy	Automatic Data Processing	$277,883,000	+6.4%	3,839,230	+1.2%	4.30%	+0.4%
OMC	Buy	Omnicom Group Inc	$277,884,000	+1.8%	4,380,263	+0.9%	4.30%	-3.9%
ORCL	Sell	Oracle Corp	$268,979,000	-2.3%	8,109,098	-9.5%	4.16%	-7.8%
ACN	Buy	Accenture PLC	$252,132,000	+13.1%	3,423,852	+10.6%	3.90%	+6.8%
PG	Buy	Procter & Gamble Co	$246,397,000	-1.0%	3,259,651	+0.8%	3.81%	-6.6%
BDX	Buy	Becton Dickinson	$245,494,000	+26.1%	2,454,453	+24.6%	3.80%	+19.0%
UPS	Buy	United Parcel Svc Cl B	$237,595,000	+15.7%	2,600,365	+9.5%	3.68%	+9.2%
PX	Buy	Praxair Inc	$234,407,000	+5.6%	1,949,977	+1.2%	3.63%	-0.4%
MSFT	Buy	Microsoft Corp Com	$228,282,000	-2.5%	6,853,261	+1.0%	3.53%	-8.0%
WAT	Buy	Waters Corp	$225,608,000	+7.4%	2,124,170	+1.1%	3.49%	+1.3%
CTSH	Buy	Cognizant Tech Solutions Corp	$223,070,000	+32.7%	2,716,393	+1.2%	3.45%	+25.3%
EMR	Sell	Emerson Electric Co	$221,504,000	+4.5%	3,423,554	-11.9%	3.43%	-1.4%
MDT	Buy	Medtronic Inc	$221,022,000	+4.3%	4,150,647	+0.9%	3.42%	-1.5%
TJX	Buy	TJX Companies Inc.	$218,948,000	+33.0%	3,882,740	+18.1%	3.39%	+25.5%
TROW	Buy	T Rowe Price Group Inc	$218,768,000	-0.9%	3,041,407	+0.8%	3.38%	-6.5%
NKE	Sell	Nike Inc Cl B	$212,602,000	+5.3%	2,926,792	-7.7%	3.29%	-0.6%
KO	Buy	Coca-Cola Co	$204,310,000	+22.7%	5,393,610	+29.9%	3.16%	+15.8%
EFX	Buy	Equifax Inc	$203,964,000	+11.3%	3,407,924	+9.6%	3.16%	+5.0%
ECL	Buy	Ecolab Inc	$191,031,000	+58.7%	1,934,293	+36.9%	2.96%	+49.8%
ABT	Buy	Abbott Labs Com	$187,598,000	-3.6%	5,652,243	+1.3%	2.90%	-9.1%
APH	Buy	Amphenol Corp	$162,178,000	+0.4%	2,095,863	+1.1%	2.51%	-5.2%
VAR	Buy	Varian Medical Systems	$156,726,000	+12.2%	2,097,235	+1.3%	2.42%	+5.9%
CHRW	Buy	CH Robinson Worldwide	$118,448,000	+6.8%	1,988,710	+1.0%	1.83%	+0.8%
ADBE	Sell	Adobe Systems Inc	$93,220,000	-16.7%	1,794,761	-26.9%	1.44%	-21.4%
SYK	Sell	Stryker Corp	$6,898,000	+2.4%	102,056	-2.0%	0.11%	-2.7%
CLX	Sell	Clorox Co	$4,686,000	-4.1%	57,345	-2.4%	0.07%	-10.0%
ABBV	Sell	AbbVie Inc	$1,882,000	+4.3%	42,080	-3.6%	0.03%	-3.3%
JNJ	Sell	Johnson & Johnson	$1,335,000	-7.7%	15,400	-8.6%	0.02%	-12.5%
BBY	Sell	Best Buy Company Inc	$556,000	-18.8%	14,830	-40.9%	0.01%	-18.2%
TPX	Sell	Tempur Sealy International Inc	$488,000	-13.6%	11,110	-13.6%	0.01%	-11.1%
PAYX	Sell	Paychex Inc	$511,000	-10.8%	12,585	-19.8%	0.01%	-11.1%
DELL	Sell	Dell Inc	$487,000	-10.8%	35,340	-13.6%	0.01%	-11.1%
NUS	Sell	Nu Skin Enterprises Inc.	$488,000	-18.8%	5,100	-48.2%	0.01%	-20.0%
ENDP	Sell	Endo Pharmaceuticals	$524,000	+1.7%	11,540	-17.6%	0.01%	0.0%
TTC	New	Toro Company	$489,000	–	9,000	–	0.01%	–
PBI	Sell	Pitney Bowes Inc	$492,000	-0.8%	27,040	-20.0%	0.01%	0.0%
MCO	Sell	Moody`s Corp.	$452,000	-12.7%	6,430	-24.3%	0.01%	-12.5%
AAP	Buy	Advance Auto Parts Inc.	$446,000	+45.8%	5,390	+42.9%	0.01%	+40.0%
ATK	Sell	Alliant Techsystems Inc	$456,000	-26.1%	4,670	-37.6%	0.01%	-30.0%
MO	Sell	Altria Group Inc	$440,000	-13.0%	12,800	-11.5%	0.01%	-12.5%
BLL	Sell	Ball Corporation	$447,000	-4.7%	9,950	-11.9%	0.01%	-12.5%
BBBY	Sell	Bed Bath & Beyond Inc	$450,000	-14.3%	5,820	-21.3%	0.01%	-22.2%
CI	Sell	Cigna Corp	$458,000	-23.0%	5,960	-27.4%	0.01%	-30.0%
CAT	Buy	Caterpillar Inc	$447,000	+22.5%	5,360	+21.3%	0.01%	+16.7%
COH	Sell	Coach Inc	$459,000	-5.7%	8,410	-1.5%	0.01%	-12.5%
DE	Buy	Deere & Company	$441,000	+25.6%	5,420	+25.5%	0.01%	+16.7%
DLX	Sell	Deluxe Corp	$442,000	-10.3%	10,600	-25.5%	0.01%	-12.5%
DLB	Sell	Dolby Laboratories Inc.	$469,000	-1.3%	13,590	-4.4%	0.01%	-12.5%
DD	New	DU Pont E I DE Nemours & Co	$449,000	–	7,660	–	0.01%	–
FDO	Buy	Family Dollar Stores, Inc.	$464,000	+117.8%	6,440	+88.2%	0.01%	+133.3%
GD	Sell	General Dynamics Corp	$453,000	-17.3%	5,180	-25.9%	0.01%	-22.2%
GPN	Sell	Global Payments Inc.	$482,000	-6.0%	9,440	-14.8%	0.01%	-12.5%
KR	Sell	Kroger Co	$457,000	-26.2%	11,330	-36.8%	0.01%	-30.0%
LH	Sell	Laboratory Corp of America Holdings	$454,000	-99.7%	4,580	-99.7%	0.01%	-99.7%
LLY	New	Eli Lilly & Co	$423,000	–	8,400	–	0.01%	–
LMT	Sell	Lockheed Martin Corp	$471,000	-16.0%	3,690	-28.7%	0.01%	-22.2%
MHFI	Sell	McGraw-Hill Financial, Inc.	$483,000	-0.8%	7,370	-19.4%	0.01%	-12.5%
PFE	Sell	Pfizer Inc Com	$441,000	-11.4%	15,370	-13.5%	0.01%	-12.5%
DGX	Sell	Quest Diagnostics Inc	$473,000	-12.6%	7,650	-14.3%	0.01%	-22.2%
COL	Sell	Rockwell Collins Inc.	$423,000	-19.0%	6,230	-24.4%	0.01%	-22.2%
ROST	Buy	Ross Stores Inc.	$475,000	+116.9%	6,530	+93.3%	0.01%	+75.0%
STJ	Sell	St. Jude Medical Inc.	$456,000	-16.6%	8,510	-29.0%	0.01%	-22.2%
UPLMQ	Sell	Ultra Petroleum Corp	$425,000	-11.3%	20,650	-14.5%	0.01%	-12.5%
UNH	Sell	Unitedhealth Group Inc	$438,000	-21.4%	6,110	-28.1%	0.01%	-22.2%
WDR	Sell	Waddell & Reed Financial Inc	$442,000	-19.2%	8,590	-31.7%	0.01%	-22.2%
WDC	Sell	Western Digital Corp	$436,000	-30.0%	6,870	-31.6%	0.01%	-30.0%
WRLD	Sell	World Acceptance Corp	$480,000	-7.5%	5,340	-10.6%	0.01%	-22.2%
ZBH	Sell	Zimmer Holdings Inc	$437,000	-17.1%	5,320	-24.4%	0.01%	-22.2%
FHI	Sell	Federated Investors Inc.	$413,000	-33.5%	15,190	-32.9%	0.01%	-40.0%
LXK	Sell	Lexmark Intl Inc	$394,000	-27.0%	11,930	-32.4%	0.01%	-33.3%
JWN	Buy	Nordstrom, Inc.	$407,000	0.0%	7,250	+6.8%	0.01%	-14.3%
SYY	Sell	Sysco Corp	$413,000	-24.1%	12,970	-18.5%	0.01%	-33.3%
PETM	New	Petsmart Inc	$407,000	–	5,340	–	0.01%	–
XOM	Sell	Exxon Mobil Corp	$416,000	-19.2%	4,840	-15.1%	0.01%	-25.0%
R108	Sell	Energizer Hldgs Inc	$390,000	-27.6%	4,280	-20.1%	0.01%	-33.3%
WMT	Sell	Wal Mart Stores Inc	$420,000	-15.8%	5,680	-15.2%	0.01%	-25.0%
CSCO	Sell	Cisco Systems Inc	$411,000	-27.4%	17,550	-24.6%	0.01%	-33.3%
LSTR	New	Landstar System Inc.	$313,000	–	5,600	–	0.01%	–
IBM	Buy	International Business Machines Corp	$326,000	+45.5%	1,760	+49.9%	0.01%	+25.0%
CPB	Sell	Campbell Soup Company	$250,000	-51.3%	6,140	-46.4%	0.00%	-50.0%
WIN	Exit	Windstream	$0	–	-10,111	–	-0.00%	–
JWA	Exit	John Wiley & Sons cl A	$0	–	-5,320	–	-0.00%	–
WW	Exit	Weight Watchers Intl	$0	–	-4,537	–	-0.00%	–
TUP	Exit	Tupperware Brands Corp.	$0	–	-3,362	–	-0.00%	–
EAT	Exit	Brinker International	$0	–	-6,116	–	-0.00%	–
TGT	Exit	Target Corporation	$0	–	-3,394	–	-0.00%	–
PDCO	Exit	Patterson Companies Inc	$0	–	-8,494	–	-0.01%	–
SLGN	Exit	Silgan Holdings Inc.	$0	–	-6,865	–	-0.01%	–
QSII	Exit	Quality Systems Inc.	$0	–	-21,500	–	-0.01%	–
GRMN	Exit	Garmin Ltd	$0	–	-13,673	–	-0.01%	–
AVP	Exit	Avon Products Inc	$0	–	-23,969	–	-0.01%	–
DNB	Exit	Dun & Bradstreet Corp	$0	–	-5,568	–	-0.01%	–
BCR	Exit	Bard (C.R.) Inc	$0	–	-6,594	–	-0.01%	–

Q2 2013

			Value		Shares		↓ Weighting
MMM	New	3M Co	$333,129,000	–	3,046,451	–	5.46%	–
PEP	New	Pepsico Inc	$312,489,000	–	3,820,630	–	5.12%	–
UTX	New	United Technologies Corp	$304,970,000	–	3,281,362	–	5.00%	–
ORCL	New	Oracle Corp	$275,300,000	–	8,961,578	–	4.51%	–
OMC	New	Omnicom Group Inc	$273,010,000	–	4,342,448	–	4.48%	–
ADP	New	Automatic Data Processing	$261,273,000	–	3,794,263	–	4.28%	–
CL	New	Colgate-Palmolive Co	$252,141,000	–	4,401,133	–	4.13%	–
PG	New	Procter & Gamble Co	$248,986,000	–	3,234,000	–	4.08%	–
MSFT	New	Microsoft Corp Com	$234,243,000	–	6,783,746	–	3.84%	–
ACN	New	Accenture PLC	$222,841,000	–	3,096,731	–	3.65%	–
PX	New	Praxair Inc	$221,997,000	–	1,927,731	–	3.64%	–
TROW	New	T Rowe Price Group Inc	$220,712,000	–	3,017,257	–	3.62%	–
EMR	New	Emerson Electric Co	$211,965,000	–	3,886,418	–	3.47%	–
MDT	New	Medtronic Inc	$211,825,000	–	4,115,506	–	3.47%	–
WAT	New	Waters Corp	$210,107,000	–	2,100,023	–	3.44%	–
UPS	New	United Parcel Svc Cl B	$205,394,000	–	2,375,051	–	3.37%	–
NKE	New	Nike Inc Cl B	$201,879,000	–	3,170,216	–	3.31%	–
ABT	New	Abbott Labs Com	$194,674,000	–	5,581,244	–	3.19%	–
BDX	New	Becton Dickinson	$194,666,000	–	1,969,704	–	3.19%	–
EFX	New	Equifax Inc	$183,284,000	–	3,110,196	–	3.00%	–
CTSH	New	Cognizant Tech Solutions Corp	$168,091,000	–	2,684,734	–	2.76%	–
KO	New	Coca-Cola Co	$166,569,000	–	4,152,808	–	2.73%	–
TJX	New	TJX Companies Inc.	$164,642,000	–	3,288,897	–	2.70%	–
APH	New	Amphenol Corp	$161,557,000	–	2,072,836	–	2.65%	–
LH	New	Laboratory Corp of America Holdings	$139,684,000	–	1,395,444	–	2.29%	–
VAR	New	Varian Medical Systems	$139,642,000	–	2,070,303	–	2.29%	–
ECL	New	Ecolab Inc	$120,365,000	–	1,412,898	–	1.97%	–
ADBE	New	Adobe Systems Inc	$111,865,000	–	2,455,337	–	1.83%	–
CHRW	New	CH Robinson Worldwide	$110,867,000	–	1,968,865	–	1.82%	–
SYK	New	Stryker Corp	$6,734,000	–	104,105	–	0.11%	–
CLX	New	Clorox Co	$4,887,000	–	58,785	–	0.08%	–
ABBV	New	AbbVie Inc	$1,804,000	–	43,641	–	0.03%	–
JNJ	New	Johnson & Johnson	$1,447,000	–	16,855	–	0.02%	–
BCR	New	Bard (C.R.) Inc	$717,000	–	6,594	–	0.01%	–
BBY	New	Best Buy Company Inc	$685,000	–	25,079	–	0.01%	–
FHI	New	Federated Investors Inc.	$621,000	–	22,640	–	0.01%	–
CI	New	Cigna Corp	$595,000	–	8,207	–	0.01%	–
ATK	New	Alliant Techsystems Inc	$617,000	–	7,489	–	0.01%	–
NUS	New	Nu Skin Enterprises Inc.	$601,000	–	9,838	–	0.01%	–
KR	New	Kroger Co	$619,000	–	17,920	–	0.01%	–
WDC	New	Western Digital Corp	$623,000	–	10,039	–	0.01%	–
LMT	New	Lockheed Martin Corp	$561,000	–	5,175	–	0.01%	–
WRLD	New	World Acceptance Corp	$519,000	–	5,971	–	0.01%	–
GD	New	General Dynamics Corp	$548,000	–	6,990	–	0.01%	–
CSCO	New	Cisco Systems Inc	$566,000	–	23,270	–	0.01%	–
WDR	New	Waddell & Reed Financial Inc	$547,000	–	12,575	–	0.01%	–
PAYX	New	Paychex Inc	$573,000	–	15,692	–	0.01%	–
R108	New	Energizer Hldgs Inc	$539,000	–	5,359	–	0.01%	–
ZBH	New	Zimmer Holdings Inc	$527,000	–	7,036	–	0.01%	–
UNH	New	Unitedhealth Group Inc	$557,000	–	8,501	–	0.01%	–
DNB	New	Dun & Bradstreet Corp	$543,000	–	5,568	–	0.01%	–
DGX	New	Quest Diagnostics Inc	$541,000	–	8,931	–	0.01%	–
COL	New	Rockwell Collins Inc.	$522,000	–	8,237	–	0.01%	–
TPX	New	Tempur-pedic International Inc	$565,000	–	12,859	–	0.01%	–
STJ	New	Saint Jude Med Inc	$547,000	–	11,982	–	0.01%	–
BBBY	New	Bed Bath & Beyond Inc	$525,000	–	7,398	–	0.01%	–
SYY	New	Sysco Corp	$544,000	–	15,912	–	0.01%	–
DELL	New	Dell Inc	$546,000	–	40,926	–	0.01%	–
LXK	New	Lexmark Intl Inc	$540,000	–	17,655	–	0.01%	–
AVP	New	Avon Products Inc	$504,000	–	23,969	–	0.01%	–
DLB	New	Dolby Laboratories Inc.	$475,000	–	14,210	–	0.01%	–
ENDP	New	Endo Pharmaceuticals	$515,000	–	14,008	–	0.01%	–
DLX	New	Deluxe Corp	$493,000	–	14,222	–	0.01%	–
XOM	New	Exxon Mobil Corp	$515,000	–	5,704	–	0.01%	–
GPN	New	Global Payments Inc.	$513,000	–	11,074	–	0.01%	–
MHFI	New	McGraw-Hill Financial, Inc.	$487,000	–	9,147	–	0.01%	–
COH	New	Coach Inc	$487,000	–	8,534	–	0.01%	–
MCO	New	Moody`s Corp.	$518,000	–	8,497	–	0.01%	–
CPB	New	Campbell Soup Company	$513,000	–	11,445	–	0.01%	–
PFE	New	Pfizer Inc Com	$498,000	–	17,775	–	0.01%	–
PBI	New	Pitney Bowes Inc	$496,000	–	33,793	–	0.01%	–
BLL	New	Ball Corporation	$469,000	–	11,296	–	0.01%	–
UPLMQ	New	Ultra Petroleum Corp	$479,000	–	24,150	–	0.01%	–
MO	New	Altria Group Inc	$506,000	–	14,460	–	0.01%	–
WMT	New	Wal Mart Stores Inc	$499,000	–	6,699	–	0.01%	–
GRMN	New	Garmin Ltd	$494,000	–	13,673	–	0.01%	–
QSII	New	Quality Systems Inc.	$402,000	–	21,500	–	0.01%	–
JWN	New	Nordstrom, Inc.	$407,000	–	6,790	–	0.01%	–
DE	New	Deere & Company	$351,000	–	4,320	–	0.01%	–
CAT	New	Caterpillar Inc	$365,000	–	4,420	–	0.01%	–
AAP	New	Advance Auto Parts Inc.	$306,000	–	3,771	–	0.01%	–
PDCO	New	Patterson Companies Inc	$319,000	–	8,494	–	0.01%	–
SLGN	New	Silgan Holdings Inc.	$322,000	–	6,865	–	0.01%	–
TUP	New	Tupperware Brands Corp.	$261,000	–	3,362	–	0.00%	–
IBM	New	International Business Machines Corp	$224,000	–	1,174	–	0.00%	–
EAT	New	Brinker International	$241,000	–	6,116	–	0.00%	–
TGT	New	Target Corporation	$234,000	–	3,394	–	0.00%	–
ROST	New	Ross Stores Inc.	$219,000	–	3,379	–	0.00%	–
FDO	New	Family Dollar Stores, Inc.	$213,000	–	3,421	–	0.00%	–
JWA	New	John Wiley & Sons cl A	$213,000	–	5,320	–	0.00%	–
WW	New	Weight Watchers Intl	$209,000	–	4,537	–	0.00%	–
WIN	New	Windstream	$79,000	–	10,111	–	0.00%	–

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