Stack Financial Management, Inc Activity Q4 2004-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$96,774,362	-6.7%	306,490	+0.7%	11.28%	-2.8%
WMT	Buy	WALMART INC	$60,249,971	+2.2%	376,727	+0.4%	7.02%	+6.4%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$44,670,957	+2.8%	127,522	+0.1%	5.20%	+7.1%
ACN	Buy	ACCENTURE PLC IRELAND	$44,414,863	-0.2%	144,622	+0.2%	5.18%	+3.9%
CVX	Buy	CHEVRON CORP NEW	$37,089,517	+7.8%	219,959	+0.6%	4.32%	+12.3%
PWR	Sell	QUANTA SVCS INC	$36,504,840	-31.6%	195,140	-28.2%	4.25%	-28.8%
PSX	Sell	PHILLIPS 66	$27,548,713	+25.7%	229,286	-0.2%	3.21%	+30.9%
UNH	Buy	UNITEDHEALTH GROUP INC	$26,237,621	+5.5%	52,039	+0.5%	3.06%	+9.8%
MDLZ	Buy	MONDELEZ INTL INCcl a	$24,635,166	-4.2%	354,974	+0.7%	2.87%	-0.2%
MRK	Buy	MERCK & CO INC	$23,703,414	-10.3%	230,242	+0.5%	2.76%	-6.6%
WM	Buy	WASTE MGMT INC DEL	$23,361,274	-11.4%	153,249	+0.8%	2.72%	-7.7%
COP	Buy	CONOCOPHILLIPS	$22,820,294	+15.9%	190,487	+0.3%	2.66%	+20.8%
CI	Buy	THE CIGNA GROUP	$21,637,191	+2.3%	75,636	+0.3%	2.52%	+6.6%
SYK	Buy	STRYKER CORPORATION	$20,858,197	-10.0%	76,328	+0.5%	2.43%	-6.3%
PEP	Buy	PEPSICO INC	$20,375,561	-8.2%	120,252	+0.3%	2.37%	-4.4%
LMT	Buy	LOCKHEED MARTIN CORP	$19,969,891	-10.4%	48,831	+0.8%	2.33%	-6.7%
DHR	Buy	DANAHER CORPORATION	$19,446,865	+4.3%	78,383	+0.9%	2.27%	+8.6%
KO	Buy	COCA COLA CO	$19,394,483	-5.9%	346,454	+1.2%	2.26%	-2.0%
EOG	Buy	EOG RES INC	$18,972,950	+11.1%	149,676	+0.3%	2.21%	+15.6%
DE	Buy	DEERE & CO	$18,141,412	-6.2%	48,072	+0.7%	2.11%	-2.3%
IQV	New	IQVIA HLDGS INC	$18,089,786	–	91,943	–	2.11%	–
DUK	New	DUKE ENERGY CORP NEW	$17,972,031	–	203,626	–	2.09%	–
AEM	Buy	AGNICO EAGLE MINES LTD	$17,754,270	-8.3%	390,633	+0.8%	2.07%	-4.6%
JNJ	Buy	JOHNSON & JOHNSON	$17,084,281	-4.9%	109,690	+1.0%	1.99%	-1.0%
LH	Sell	LABORATORY CORP AMER HLDGS	$15,590,825	-16.7%	77,547	-0.0%	1.82%	-13.3%
EMR	New	EMERSON ELEC CO	$15,454,774	–	160,037	–	1.80%	–
WPM	Buy	WHEATON PRECIOUS METALS CORP	$15,198,789	-5.3%	374,816	+0.9%	1.77%	-1.3%
AEP	Buy	AMERICAN ELEC PWR CO INC	$14,796,527	-9.7%	196,710	+1.1%	1.72%	-5.9%
MDT	Buy	MEDTRONIC PLC	$14,668,444	+49.9%	187,193	+68.5%	1.71%	+56.1%
PG	Buy	PROCTER AND GAMBLE CO	$14,394,830	-3.6%	98,689	+0.3%	1.68%	+0.4%
CMCSA	Buy	COMCAST CORP NEWcl a	$13,870,262	+7.5%	312,816	+0.7%	1.62%	+11.9%
DOV	New	DOVER CORP	$12,008,184	–	86,074	–	1.40%	–
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$11,754,304	-12.3%	75,411	+0.9%	1.37%	-8.7%
NEM	Buy	NEWMONT CORP	$11,491,822	-12.1%	311,010	+1.5%	1.34%	-8.4%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$10,263,040	-8.0%	176,827	+1.3%	1.20%	-4.2%
CVS	Buy	CVS HEALTH CORP	$9,135,808	+1.9%	130,848	+0.9%	1.06%	+6.1%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$702,778	-4.1%	1,644	-0.6%	0.08%	0.0%
GDX	Sell	VANECK ETF TRUSTgold miners etf	$683,918	-14.7%	25,415	-4.5%	0.08%	-11.1%
XLI	Buy	SELECT SECTOR SPDR TRindl	$349,964	-0.6%	3,452	+5.2%	0.04%	+5.1%
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$265,462	–	2,062	–	0.03%	–
VXUS	Exit	VANGUARD STAR FDSvg tl intl stk f	$0	–	-4,135	–	-0.03%	–
AAPL	Exit	APPLE INC	$0	–	-1,231	–	-0.03%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-329,055	–	-1.37%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-1,241,315	–	-2.35%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-384,144	–	-4.21%	–

Q2 2023

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$103,684,479	–	304,471	–	11.60%	–
WMT	New	WALMART INC	$58,972,229	–	375,189	–	6.60%	–
PWR	New	QUANTA SVCS INC	$53,385,092	–	271,749	–	5.97%	–
ACN	New	ACCENTURE PLC IRELAND	$44,516,368	–	144,262	–	4.98%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$43,454,312	–	127,432	–	4.86%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$37,630,791	–	384,144	–	4.21%	–
CVX	New	CHEVRON CORP NEW	$34,391,834	–	218,569	–	3.85%	–
MRK	New	MERCK & CO INC	$26,427,657	–	229,029	–	2.96%	–
WM	New	WASTE MGMT INC DEL	$26,365,563	–	152,033	–	2.95%	–
MDLZ	New	MONDELEZ INTL INCcl a	$25,715,258	–	352,554	–	2.88%	–
UNH	New	UNITEDHEALTH GROUP INC	$24,876,004	–	51,756	–	2.78%	–
SYK	New	STRYKER CORPORATION	$23,182,264	–	75,985	–	2.59%	–
LMT	New	LOCKHEED MARTIN CORP	$22,293,862	–	48,425	–	2.49%	–
PEP	New	PEPSICO INC	$22,203,315	–	119,875	–	2.48%	–
PSX	New	PHILLIPS 66	$21,917,085	–	229,787	–	2.45%	–
CI	New	THE CIGNA GROUP	$21,152,751	–	75,384	–	2.37%	–
GOLD	New	BARRICK GOLD CORP	$21,015,463	–	1,241,315	–	2.35%	–
KO	New	COCA COLA CO	$20,607,151	–	342,198	–	2.30%	–
COP	New	CONOCOPHILLIPS	$19,682,336	–	189,966	–	2.20%	–
AEM	New	AGNICO EAGLE MINES LTD	$19,367,900	–	387,513	–	2.17%	–
DE	New	DEERE & CO	$19,336,478	–	47,722	–	2.16%	–
LH	New	LABORATORY CORP AMER HLDGS	$18,717,555	–	77,560	–	2.09%	–
DHR	New	DANAHER CORPORATION	$18,653,280	–	77,722	–	2.09%	–
JNJ	New	JOHNSON & JOHNSON	$17,969,581	–	108,564	–	2.01%	–
EOG	New	EOG RES INC	$17,082,363	–	149,269	–	1.91%	–
AEP	New	AMERICAN ELEC PWR CO INC	$16,382,794	–	194,570	–	1.83%	–
WPM	New	WHEATON PRECIOUS METALS CORP	$16,047,111	–	371,289	–	1.80%	–
PG	New	PROCTER AND GAMBLE CO	$14,935,367	–	98,427	–	1.67%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$13,400,541	–	74,759	–	1.50%	–
NEM	New	NEWMONT CORP	$13,069,619	–	306,367	–	1.46%	–
CMCSA	New	COMCAST CORP NEWcl a	$12,905,888	–	310,611	–	1.44%	–
VZ	New	VERIZON COMMUNICATIONS INC	$12,237,572	–	329,055	–	1.37%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$11,160,107	–	174,513	–	1.25%	–
MDT	New	MEDTRONIC PLC	$9,784,739	–	111,064	–	1.10%	–
CVS	New	CVS HEALTH CORP	$8,969,272	–	129,745	–	1.00%	–
GDX	New	VANECK ETF TRUSTgold miners etf	$801,720	–	26,626	–	0.09%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$733,186	–	1,654	–	0.08%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$352,010	–	3,280	–	0.04%	–
AAPL	New	APPLE INC	$238,778	–	1,231	–	0.03%	–
VXUS	New	VANGUARD STAR FDSvg tl intl stk f	$231,891	–	4,135	–	0.03%	–

Q4 2022

			Value		Shares		↓ Weighting
NEE	Exit	NEXTERA ENERGY INC	$0	–	-3,120	–	-0.03%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,645	–	-0.10%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-104,810	–	-0.89%	–
D	Exit	DOMINION ENERGY INC	$0	–	-146,322	–	-1.06%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-121,407	–	-1.21%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-72,731	–	-1.23%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-318,336	–	-1.27%	–
NEM	Exit	NEWMONT CORP	$0	–	-288,238	–	-1.27%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-96,241	–	-1.27%	–
TTE	Exit	TOTALENERGIES SEsponsored ads	$0	–	-273,478	–	-1.33%	–
ALL	Exit	ALLSTATE CORP	$0	–	-102,651	–	-1.34%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-74,139	–	-1.59%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-75,852	–	-1.61%	–
AEP	Exit	AMERICAN ELEC PWR CO INC	$0	–	-183,973	–	-1.67%	–
EOG	Exit	EOG RES INC	$0	–	-145,805	–	-1.71%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-385,971	–	-1.71%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-102,840	–	-1.76%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-46,814	–	-1.90%	–
PSX	Exit	PHILLIPS 66	$0	–	-224,802	–	-1.90%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-1,197,734	–	-1.95%	–
KO	Exit	COCA COLA CO	$0	–	-331,965	–	-1.95%	–
KNX	Exit	KNIGHT-SWIFT TRANSN HLDGS INcl a	$0	–	-380,798	–	-1.95%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-342,864	–	-1.97%	–
PEP	Exit	PEPSICO INC	$0	–	-119,012	–	-2.04%	–
MRK	Exit	MERCK & CO INC	$0	–	-225,662	–	-2.04%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-75,295	–	-2.04%	–
LOW	Exit	LOWES COS INC	$0	–	-107,730	–	-2.12%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-146,576	–	-2.46%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-49,819	–	-2.64%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-376,625	–	-3.23%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-123,836	–	-3.47%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-323,538	–	-3.47%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-267,157	–	-3.57%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-139,141	–	-3.75%	–
WMT	Exit	WALMART INC	$0	–	-360,862	–	-4.91%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-330,525	–	-4.98%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-298,580	–	-7.29%	–
SH	Exit	PROSHARES TRshort s&p 500 ne	$0	–	-10,674,400	–	-19.34%	–

Q3 2022

			Value		Shares		↓ Weighting
SH	Buy	PROSHARES TRshort s&p 500 ne	$184,454,000	+5.9%	10,674,400	+1.1%	19.34%	+11.6%
MSFT	Buy	MICROSOFT CORP	$69,539,000	-8.7%	298,580	+0.7%	7.29%	-3.8%
CVX	Buy	CHEVRON CORP NEW	$47,487,000	-0.1%	330,525	+0.7%	4.98%	+5.3%
WMT	Buy	WALMART INC	$46,804,000	+6.8%	360,862	+0.1%	4.91%	+12.5%
ACN	Buy	ACCENTURE PLC IRELAND	$35,801,000	-6.9%	139,141	+0.5%	3.75%	-1.9%
PWR	Sell	QUANTA SVCS INC	$34,033,000	+1.2%	267,157	-0.4%	3.57%	+6.6%
COP	Buy	CONOCOPHILLIPS	$33,111,000	+15.8%	323,538	+1.6%	3.47%	+22.0%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$33,067,000	-2.4%	123,836	-0.2%	3.47%	+2.8%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$30,831,000	-13.9%	376,625	+1.1%	3.23%	-9.2%
UNH	Buy	UNITEDHEALTH GROUP INC	$25,161,000	-1.6%	49,819	+0.0%	2.64%	+3.7%
WM	Sell	WASTE MGMT INC DEL	$23,483,000	+4.7%	146,576	-0.0%	2.46%	+10.3%
LOW	Sell	LOWES COS INC	$20,233,000	+7.1%	107,730	-0.4%	2.12%	+12.9%
DHR	Sell	DANAHER CORPORATION	$19,448,000	+1.6%	75,295	-0.3%	2.04%	+7.1%
PEP	Sell	PEPSICO INC	$19,430,000	-2.4%	119,012	-0.3%	2.04%	+2.9%
MRK	Buy	MERCK & CO INC	$19,434,000	-4.1%	225,662	+1.5%	2.04%	+1.0%
MDLZ	Sell	MONDELEZ INTL INCcl a	$18,799,000	-12.1%	342,864	-0.5%	1.97%	-7.4%
KNX	Sell	KNIGHT-SWIFT TRANSN HLDGS INcl a	$18,632,000	+5.5%	380,798	-0.2%	1.95%	+11.1%
KO	Buy	COCA COLA CO	$18,597,000	-9.1%	331,965	+2.1%	1.95%	-4.2%
GOLD	Buy	BARRICK GOLD CORP	$18,565,000	-11.7%	1,197,734	+0.8%	1.95%	-7.0%
PSX	Buy	PHILLIPS 66	$18,146,000	-0.4%	224,802	+1.1%	1.90%	+4.9%
LMT	Buy	LOCKHEED MARTIN CORP	$18,084,000	-8.7%	46,814	+1.7%	1.90%	-3.8%
JNJ	Buy	JOHNSON & JOHNSON	$16,800,000	-5.6%	102,840	+2.6%	1.76%	-0.5%
AEM	Sell	AGNICO EAGLE MINES LTD	$16,300,000	-8.3%	385,971	-0.6%	1.71%	-3.3%
EOG	Buy	EOG RES INC	$16,291,000	+3.7%	145,805	+2.5%	1.71%	+9.3%
AEP	New	AMERICAN ELEC PWR CO INC	$15,904,000	–	183,973	–	1.67%	–
SYK	Sell	STRYKER CORPORATION	$15,363,000	+1.2%	75,852	-0.6%	1.61%	+6.6%
LH	Buy	LABORATORY CORP AMER HLDGS	$15,184,000	-12.2%	74,139	+0.5%	1.59%	-7.5%
ALL	Buy	ALLSTATE CORP	$12,783,000	-0.2%	102,651	+1.6%	1.34%	+5.2%
TTE	Buy	TOTALENERGIES SEsponsored ads	$12,722,000	-9.5%	273,478	+2.4%	1.33%	-4.6%
PG	Buy	PROCTER AND GAMBLE CO	$12,150,000	-11.1%	96,241	+1.2%	1.27%	-6.3%
NEM	Buy	NEWMONT CORP	$12,115,000	-26.6%	288,238	+4.2%	1.27%	-22.7%
VZ	Buy	VERIZON COMMUNICATIONS INC	$12,087,000	-23.4%	318,336	+2.4%	1.27%	-19.2%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$11,749,000	-10.5%	72,731	+1.1%	1.23%	-5.7%
CVS	New	CVS HEALTH CORP	$11,579,000	–	121,407	–	1.21%	–
D	New	DOMINION ENERGY INC	$10,112,000	–	146,322	–	1.06%	–
MDT	Buy	MEDTRONIC PLC	$8,463,000	-7.9%	104,810	+2.4%	0.89%	-3.0%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$945,000	-9.9%	2,645	-4.9%	0.10%	-4.8%
EMN	Exit	EASTMAN CHEM CO	$0	–	-116,315	–	-1.04%	–
WRK	Exit	WESTROCK CO	$0	–	-424,671	–	-1.68%	–
CSCO	Exit	CISCO SYS INC	$0	–	-957,603	–	-4.06%	–

Q2 2022

			Value		Shares		↓ Weighting
SH	New	PROSHARES TRshort s&p 500 ne	$174,173,000	–	10,555,922	–	17.33%	–
MSFT	New	MICROSOFT CORP	$76,170,000	–	296,578	–	7.58%	–
CVX	New	CHEVRON CORP NEW	$47,528,000	–	328,277	–	4.73%	–
WMT	New	WALMART INC	$43,811,000	–	360,348	–	4.36%	–
CSCO	New	CISCO SYS INC	$40,832,000	–	957,603	–	4.06%	–
ACN	New	ACCENTURE PLC IRELAND	$38,452,000	–	138,490	–	3.82%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$35,789,000	–	372,373	–	3.56%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$33,885,000	–	124,113	–	3.37%	–
PWR	New	QUANTA SVCS INC	$33,636,000	–	268,357	–	3.35%	–
COP	New	CONOCOPHILLIPS	$28,592,000	–	318,358	–	2.84%	–
UNH	New	UNITEDHEALTH GROUP INC	$25,579,000	–	49,800	–	2.54%	–
WM	New	WASTE MGMT INC DEL	$22,432,000	–	146,632	–	2.23%	–
MDLZ	New	MONDELEZ INTL INCcl a	$21,398,000	–	344,629	–	2.13%	–
GOLD	New	BARRICK GOLD CORP	$21,026,000	–	1,188,605	–	2.09%	–
KO	New	COCA COLA CO	$20,453,000	–	325,113	–	2.04%	–
MRK	New	MERCK & CO INC	$20,260,000	–	222,224	–	2.02%	–
PEP	New	PEPSICO INC	$19,901,000	–	119,409	–	1.98%	–
LMT	New	LOCKHEED MARTIN CORP	$19,798,000	–	46,046	–	1.97%	–
DHR	New	DANAHER CORPORATION	$19,143,000	–	75,507	–	1.90%	–
LOW	New	LOWES COS INC	$18,884,000	–	108,115	–	1.88%	–
PSX	New	PHILLIPS 66	$18,227,000	–	222,309	–	1.81%	–
JNJ	New	JOHNSON & JOHNSON	$17,792,000	–	100,229	–	1.77%	–
AEM	New	AGNICO EAGLE MINES LTD	$17,769,000	–	388,303	–	1.77%	–
KNX	New	KNIGHT-SWIFT TRANSN HLDGS INcl a	$17,668,000	–	381,688	–	1.76%	–
LH	New	LABORATORY CORP AMER HLDGS	$17,295,000	–	73,797	–	1.72%	–
WRK	New	WESTROCK CO	$16,919,000	–	424,671	–	1.68%	–
NEM	New	NEWMONT CORP	$16,505,000	–	276,610	–	1.64%	–
VZ	New	VERIZON COMMUNICATIONS INC	$15,774,000	–	310,814	–	1.57%	–
EOG	New	EOG RES INC	$15,712,000	–	142,270	–	1.56%	–
SYK	New	STRYKER CORPORATION	$15,177,000	–	76,291	–	1.51%	–
TTE	New	TOTALENERGIES SEsponsored ads	$14,063,000	–	267,150	–	1.40%	–
PG	New	PROCTER AND GAMBLE CO	$13,673,000	–	95,087	–	1.36%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$13,126,000	–	71,907	–	1.31%	–
ALL	New	ALLSTATE CORP	$12,810,000	–	101,078	–	1.27%	–
EMN	New	EASTMAN CHEM CO	$10,442,000	–	116,315	–	1.04%	–
MDT	New	MEDTRONIC PLC	$9,185,000	–	102,340	–	0.91%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,049,000	–	2,780	–	0.10%	–
NEE	New	NEXTERA ENERGY INC	$242,000	–	3,120	–	0.02%	–

Q4 2021

			Value		Shares		↓ Weighting
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-3,352	–	-0.14%	–
EOG	Exit	EOG RES INC	$0	–	-137,675	–	-1.05%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-200,964	–	-1.07%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-95,191	–	-1.10%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-115,912	–	-1.11%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-96,728	–	-1.16%	–
ALL	Exit	ALLSTATE CORP	$0	–	-97,998	–	-1.19%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-68,812	–	-1.20%	–
TTE	Exit	TOTALENERGIES SEsponsored ads	$0	–	-263,823	–	-1.21%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-91,626	–	-1.22%	–
NEM	Exit	NEWMONT CORP	$0	–	-269,818	–	-1.40%	–
HD	Exit	HOME DEPOT INC	$0	–	-46,781	–	-1.46%	–
PSX	Exit	PHILLIPS 66	$0	–	-221,047	–	-1.48%	–
NKE	Exit	NIKE INCcl b	$0	–	-109,122	–	-1.51%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-46,066	–	-1.52%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-98,442	–	-1.52%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-299,897	–	-1.54%	–
MRK	Exit	MERCK & CO INC	$0	–	-218,380	–	-1.56%	–
FISV	Exit	FISERV INC	$0	–	-151,884	–	-1.57%	–
KO	Exit	COCA COLA CO	$0	–	-324,047	–	-1.62%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-66,932	–	-1.64%	–
STT	Exit	STATE STR CORP	$0	–	-209,537	–	-1.69%	–
PEP	Exit	PEPSICO INC	$0	–	-121,213	–	-1.74%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-50,221	–	-1.87%	–
KNX	Exit	KNIGHT-SWIFT TRANSN HLDGS INcl a	$0	–	-385,705	–	-1.88%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-386,689	–	-1.91%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-345,348	–	-1.92%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-76,231	–	-1.92%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-74,132	–	-1.99%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-1,161,079	–	-2.00%	–
WRK	Exit	WESTROCK CO	$0	–	-427,607	–	-2.03%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-150,571	–	-2.14%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-76,622	–	-2.22%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-136,296	–	-2.52%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-407,954	–	-2.64%	–
DIS	Exit	DISNEY WALT CO	$0	–	-164,840	–	-2.66%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-269,286	–	-2.92%	–
LOW	Exit	LOWES COS INC	$0	–	-152,925	–	-2.96%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-366,944	–	-3.01%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-628,634	–	-3.11%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-330,800	–	-3.20%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-125,932	–	-3.28%	–
WMT	Exit	WALMART INC	$0	–	-357,458	–	-4.75%	–
CSCO	Exit	CISCO SYS INC	$0	–	-947,095	–	-4.92%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-182,255	–	-5.56%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-292,541	–	-7.87%	–

Q3 2021

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$82,473,000	+3.5%	292,541	-0.6%	7.87%	+14.9%
ACN	Sell	ACCENTURE PLC IRELAND	$58,307,000	+7.8%	182,255	-0.6%	5.56%	+19.7%
CSCO	Sell	CISCO SYS INC	$51,550,000	+2.4%	947,095	-0.3%	4.92%	+13.6%
WMT	Sell	WALMART INC	$49,822,000	-1.5%	357,458	-0.4%	4.75%	+9.3%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$34,372,000	-2.5%	125,932	-0.7%	3.28%	+8.3%
CVX	Buy	CHEVRON CORP NEW	$33,560,000	-2.2%	330,800	+1.0%	3.20%	+8.6%
BK	Sell	BANK NEW YORK MELLON CORP	$32,588,000	+0.5%	628,634	-0.7%	3.11%	+11.6%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP	$31,543,000	-14.7%	366,944	-15.3%	3.01%	-5.2%
LOW	Sell	LOWES COS INC	$31,022,000	+4.1%	152,925	-0.5%	2.96%	+15.6%
PWR	Sell	QUANTA SVCS INC	$30,650,000	-14.5%	269,286	-32.0%	2.92%	-5.1%
DIS	Sell	DISNEY WALT CO	$27,886,000	-28.4%	164,840	-25.6%	2.66%	-20.5%
COP	Buy	CONOCOPHILLIPS	$27,647,000	+11.3%	407,954	+0.0%	2.64%	+23.6%
ZTS	Sell	ZOETIS INCcl a	$26,461,000	+3.2%	136,296	-1.0%	2.52%	+14.6%
DHR	Sell	DANAHER CORPORATION	$23,327,000	+12.1%	76,622	-1.2%	2.22%	+24.4%
WM	Sell	WASTE MGMT INC DEL	$22,489,000	+5.7%	150,571	-0.9%	2.14%	+17.3%
WRK	Buy	WESTROCK CO	$21,308,000	-5.9%	427,607	+0.5%	2.03%	+4.5%
GOLD	Sell	BARRICK GOLD CORP	$20,957,000	-43.1%	1,161,079	-34.8%	2.00%	-36.9%
LH	Sell	LABORATORY CORP AMER HLDGS	$20,864,000	+1.1%	74,132	-0.9%	1.99%	+12.2%
SYK	Sell	STRYKER CORPORATION	$20,104,000	+1.5%	76,231	-0.0%	1.92%	+12.7%
MDLZ	Sell	MONDELEZ INTL INCcl a	$20,092,000	-8.2%	345,348	-1.5%	1.92%	+1.9%
AEM	Buy	AGNICO EAGLE MINES LTD	$20,050,000	-14.2%	386,689	+0.0%	1.91%	-4.7%
KNX	Buy	KNIGHT-SWIFT TRANSN HLDGS INcl a	$19,729,000	+12.6%	385,705	+0.1%	1.88%	+25.0%
UNH	Sell	UNITEDHEALTH GROUP INC	$19,623,000	-3.2%	50,221	-0.8%	1.87%	+7.5%
PEP	Buy	PEPSICO INC	$18,232,000	+2.1%	121,213	+0.6%	1.74%	+13.4%
STT	Sell	STATE STR CORP	$17,752,000	+2.7%	209,537	-0.3%	1.69%	+14.0%
APD	Sell	AIR PRODS & CHEMS INC	$17,142,000	-39.7%	66,932	-32.3%	1.64%	-33.1%
KO	Sell	COCA COLA CO	$17,003,000	-3.2%	324,047	-0.2%	1.62%	+7.5%
FISV	Buy	FISERV INC	$16,479,000	+2.2%	151,884	+0.6%	1.57%	+13.4%
MRK	Buy	MERCK & CO INC	$16,403,000	-3.0%	218,380	+0.5%	1.56%	+7.8%
VZ	Buy	VERIZON COMMUNICATIONS INC	$16,197,000	-3.1%	299,897	+0.5%	1.54%	+7.6%
LMT	Buy	LOCKHEED MARTIN CORP	$15,897,000	-8.4%	46,066	+0.5%	1.52%	+1.7%
JNJ	Buy	JOHNSON & JOHNSON	$15,898,000	-1.8%	98,442	+0.1%	1.52%	+9.0%
NKE	Sell	NIKE INCcl b	$15,848,000	-7.5%	109,122	-1.6%	1.51%	+2.7%
PSX	Buy	PHILLIPS 66	$15,480,000	-17.6%	221,047	+1.0%	1.48%	-8.5%
HD	Sell	HOME DEPOT INC	$15,356,000	+2.3%	46,781	-0.6%	1.46%	+13.6%
NEM	Buy	NEWMONT CORP	$14,651,000	-13.6%	269,818	+0.8%	1.40%	-4.0%
PG	Sell	PROCTER AND GAMBLE CO	$12,809,000	+2.3%	91,626	-1.3%	1.22%	+13.6%
TTE	Buy	TOTALENERGIES SEsponsored ads	$12,645,000	+6.2%	263,823	+0.3%	1.21%	+17.9%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$12,531,000	-11.8%	68,812	+0.7%	1.20%	-2.1%
ALL	Sell	ALLSTATE CORP	$12,476,000	-3.2%	97,998	-0.8%	1.19%	+7.5%
MDT	Sell	MEDTRONIC PLC	$12,125,000	+0.6%	96,728	-0.4%	1.16%	+11.7%
EMN	Buy	EASTMAN CHEM CO	$11,677,000	-12.9%	115,912	+1.0%	1.11%	-3.2%
FIS	Buy	FIDELITY NATL INFORMATION SV	$11,583,000	-13.1%	95,191	+1.1%	1.10%	-3.6%
CMCSA	Sell	COMCAST CORP NEWcl a	$11,240,000	-48.6%	200,964	-47.6%	1.07%	-42.9%
EOG	Buy	EOG RES INC	$11,051,000	-2.8%	137,675	+1.0%	1.05%	+7.9%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$1,438,000	-0.7%	3,352	-0.9%	0.14%	+10.5%
SBUX	Exit	STARBUCKS CORP	$0	–	-1,830	–	-0.02%	–
TT	Exit	TRANE TECHNOLOGIES PLC	$0	–	-47,680	–	-0.75%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-68,571	–	-0.95%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-72,342	–	-1.27%	–
FMC	Exit	FMC CORP	$0	–	-165,575	–	-1.54%	–

Q2 2021

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$79,704,000	–	294,221	–	6.85%	–
ACN	New	ACCENTURE PLC IRELAND	$54,077,000	–	183,442	–	4.65%	–
WMT	New	WALMART INC	$50,591,000	–	358,754	–	4.35%	–
CSCO	New	CISCO SYS INC	$50,366,000	–	950,300	–	4.33%	–
DIS	New	DISNEY WALT CO	$38,949,000	–	221,590	–	3.35%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$36,963,000	–	433,284	–	3.18%	–
GOLD	New	BARRICK GOLD CORP	$36,850,000	–	1,781,933	–	3.17%	–
PWR	New	QUANTA SVCS INC	$35,867,000	–	396,010	–	3.08%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$35,247,000	–	126,826	–	3.03%	–
CVX	New	CHEVRON CORP NEW	$34,310,000	–	327,575	–	2.95%	–
BK	New	BANK NEW YORK MELLON CORP	$32,432,000	–	633,071	–	2.79%	–
LOW	New	LOWES COS INC	$29,803,000	–	153,648	–	2.56%	–
APD	New	AIR PRODS & CHEMS INC	$28,444,000	–	98,874	–	2.44%	–
ZTS	New	ZOETIS INCcl a	$25,646,000	–	137,614	–	2.20%	–
COP	New	CONOCOPHILLIPS	$24,840,000	–	407,885	–	2.13%	–
AEM	New	AGNICO EAGLE MINES LTD	$23,367,000	–	386,553	–	2.01%	–
WRK	New	WESTROCK CO	$22,645,000	–	425,506	–	1.94%	–
MDLZ	New	MONDELEZ INTL INCcl a	$21,896,000	–	350,680	–	1.88%	–
CMCSA	New	COMCAST CORP NEWcl a	$21,873,000	–	383,602	–	1.88%	–
WM	New	WASTE MGMT INC DEL	$21,280,000	–	151,879	–	1.83%	–
DHR	New	DANAHER CORPORATION	$20,816,000	–	77,568	–	1.79%	–
LH	New	LABORATORY CORP AMER HLDGS	$20,635,000	–	74,806	–	1.77%	–
UNH	New	UNITEDHEALTH GROUP INC	$20,279,000	–	50,643	–	1.74%	–
SYK	New	STRYKER CORPORATION	$19,806,000	–	76,257	–	1.70%	–
PSX	New	PHILLIPS 66	$18,789,000	–	218,939	–	1.61%	–
FMC	New	FMC CORP	$17,915,000	–	165,575	–	1.54%	–
PEP	New	PEPSICO INC	$17,859,000	–	120,530	–	1.53%	–
KO	New	COCA COLA CO	$17,566,000	–	324,641	–	1.51%	–
KNX	New	KNIGHT-SWIFT TRANSN HLDGS INcl a	$17,524,000	–	385,485	–	1.50%	–
LMT	New	LOCKHEED MARTIN CORP	$17,351,000	–	45,859	–	1.49%	–
STT	New	STATE STR CORP	$17,287,000	–	210,099	–	1.48%	–
NKE	New	NIKE INCcl b	$17,139,000	–	110,937	–	1.47%	–
NEM	New	NEWMONT CORP	$16,958,000	–	267,561	–	1.46%	–
MRK	New	MERCK & CO INC	$16,904,000	–	217,363	–	1.45%	–
VZ	New	VERIZON COMMUNICATIONS INC	$16,716,000	–	298,345	–	1.44%	–
JNJ	New	JOHNSON & JOHNSON	$16,195,000	–	98,309	–	1.39%	–
FISV	New	FISERV INC	$16,131,000	–	150,916	–	1.39%	–
HD	New	HOME DEPOT INC	$15,010,000	–	47,071	–	1.29%	–
SWK	New	STANLEY BLACK & DECKER INC	$14,829,000	–	72,342	–	1.27%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$14,215,000	–	68,349	–	1.22%	–
EMN	New	EASTMAN CHEM CO	$13,402,000	–	114,794	–	1.15%	–
FIS	New	FIDELITY NATL INFORMATION SV	$13,334,000	–	94,121	–	1.15%	–
ALL	New	ALLSTATE CORP	$12,885,000	–	98,780	–	1.11%	–
PG	New	PROCTER AND GAMBLE CO	$12,525,000	–	92,827	–	1.08%	–
MDT	New	MEDTRONIC PLC	$12,058,000	–	97,139	–	1.04%	–
TTE	New	TOTALENERGIES SEsponsored ads	$11,909,000	–	263,122	–	1.02%	–
EOG	New	EOG RES INC	$11,369,000	–	136,252	–	0.98%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$11,028,000	–	68,571	–	0.95%	–
TT	New	TRANE TECHNOLOGIES PLC	$8,780,000	–	47,680	–	0.75%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,448,000	–	3,382	–	0.12%	–
SBUX	New	STARBUCKS CORP	$205,000	–	1,830	–	0.02%	–

Q4 2020

			Value		Shares		↓ Weighting
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-2,423	–	-0.03%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,493	–	-0.08%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-208,612	–	-0.69%	–
TTE	Exit	TOTAL SEsponsored ads	$0	–	-246,440	–	-0.85%	–
ALL	Exit	ALLSTATE CORP	$0	–	-93,856	–	-0.89%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-64,925	–	-0.89%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-48,411	–	-0.94%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-24,782	–	-0.95%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-93,525	–	-0.98%	–
TT	Exit	TRANE TECHNOLOGIES PLC	$0	–	-87,101	–	-1.06%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-47,078	–	-1.10%	–
HD	Exit	HOME DEPOT INC	$0	–	-44,254	–	-1.23%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-88,817	–	-1.24%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-87,682	–	-1.30%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-92,900	–	-1.39%	–
KNX	Exit	KNIGHT SWIFT TRANSN HLDGS INcl a	$0	–	-377,152	–	-1.54%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-50,216	–	-1.57%	–
KO	Exit	COCA COLA CO	$0	–	-317,556	–	-1.58%	–
PEP	Exit	PEPSICO INC	$0	–	-116,908	–	-1.63%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-225,331	–	-1.63%	–
LDOS	Exit	LEIDOS HOLDINGS INC	$0	–	-184,930	–	-1.66%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-280,258	–	-1.68%	–
MRK	Exit	MERCK & CO. INC	$0	–	-201,279	–	-1.68%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-151,074	–	-1.72%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-386,190	–	-1.79%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-150,863	–	-1.98%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-105,454	–	-1.99%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-349,599	–	-2.02%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-128,799	–	-2.10%	–
PWR	Exit	QUANTA SVCS INC	$0	–	-399,066	–	-2.12%	–
NEM	Exit	NEWMONT CORP	$0	–	-375,446	–	-2.39%	–
NKE	Exit	NIKE INCcl b	$0	–	-191,811	–	-2.42%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-113,588	–	-2.46%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-432,082	–	-2.50%	–
LOW	Exit	LOWES COS INC	$0	–	-152,304	–	-2.54%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-127,886	–	-2.74%	–
DIS	Exit	DISNEY WALT CO	$0	–	-222,642	–	-2.78%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-137,367	–	-2.88%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-97,665	–	-2.92%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-188,716	–	-3.14%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-384,153	–	-3.32%	–
CSCO	Exit	CISCO SYS INC	$0	–	-937,940	–	-3.71%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-473,377	–	-3.78%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-182,644	–	-4.15%	–
WMT	Exit	WALMART INC	$0	–	-318,798	–	-4.48%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-1,736,983	–	-4.90%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-408,545	–	-8.63%	–

Q3 2020

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$85,929,000	+3.5%	408,545	+0.2%	8.63%	-8.7%
GOLD	Buy	BARRICK GOLD CORP	$48,827,000	+5.2%	1,736,983	+0.8%	4.90%	-7.2%
WMT	Buy	WALMART INC	$44,603,000	+19.4%	318,798	+2.2%	4.48%	+5.3%
ACN	Buy	ACCENTURE PLC IRELAND	$41,276,000	+6.0%	182,644	+0.7%	4.15%	-6.5%
AEM	Buy	AGNICO EAGLE MINES LTD	$37,686,000	+24.9%	473,377	+0.5%	3.78%	+10.2%
CSCO	Buy	CISCO SYS INC	$36,945,000	-14.7%	937,940	+1.0%	3.71%	-24.7%
SBUX	Buy	STARBUCKS CORP	$33,006,000	+17.9%	384,153	+1.0%	3.32%	+4.0%
ZTS	Buy	ZOETIS INCcl a	$31,208,000	+21.6%	188,716	+0.8%	3.14%	+7.3%
APD	Buy	AIR PRODS & CHEMS INC	$29,090,000	+24.6%	97,665	+1.0%	2.92%	+9.9%
SYK	Buy	STRYKER CORPORATION	$28,623,000	+16.6%	137,367	+0.8%	2.88%	+2.8%
DIS	Buy	DISNEY WALT CO	$27,625,000	+12.1%	222,642	+0.8%	2.78%	-1.1%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$27,232,000	+20.4%	127,886	+1.0%	2.74%	+6.2%
LOW	Buy	LOWES COS INC	$25,261,000	+24.2%	152,304	+1.1%	2.54%	+9.5%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$24,862,000	+33.8%	432,082	+43.3%	2.50%	+18.0%
DHR	Buy	DANAHER CORPORATION	$24,459,000	+22.2%	113,588	+0.4%	2.46%	+7.9%
NKE	Sell	NIKE INCcl b	$24,080,000	+25.1%	191,811	-2.3%	2.42%	+10.4%
NEM	Sell	NEWMONT CORP	$23,822,000	+2.3%	375,446	-0.5%	2.39%	-9.8%
PWR	Buy	QUANTA SVCS INC	$21,095,000	+37.4%	399,066	+2.0%	2.12%	+21.2%
SWK	Buy	STANLEY BLACK & DECKER INC	$20,891,000	+16.8%	128,799	+0.4%	2.10%	+3.0%
MDLZ	Buy	MONDELEZ INTL INCcl a	$20,084,000	+13.6%	349,599	+1.1%	2.02%	+0.1%
LH	Buy	LABORATORY CORP AMER HLDGS	$19,854,000	+14.9%	105,454	+1.4%	1.99%	+1.3%
EA	Buy	ELECTRONIC ARTS INC	$19,674,000	+1.0%	150,863	+2.3%	1.98%	-11.0%
CMCSA	Sell	COMCAST CORP NEWcl a	$17,865,000	+17.0%	386,190	-1.4%	1.79%	+3.2%
WM	Buy	WASTE MGMT INC DEL	$17,097,000	+8.0%	151,074	+1.1%	1.72%	-4.8%
MRK	Sell	MERCK & CO. INC	$16,696,000	+7.2%	201,279	-0.1%	1.68%	-5.5%
VZ	Buy	VERIZON COMMUNICATIONS INC	$16,673,000	+8.7%	280,258	+0.7%	1.68%	-4.1%
LDOS	New	LEIDOS HOLDINGS INC	$16,487,000	–	184,930	–	1.66%	–
CVX	Buy	CHEVRON CORP NEW	$16,224,000	-18.1%	225,331	+1.5%	1.63%	-27.7%
PEP	Buy	PEPSICO INC	$16,203,000	+6.1%	116,908	+1.2%	1.63%	-6.5%
KO	Sell	COCA COLA CO	$15,678,000	+9.5%	317,556	-0.9%	1.58%	-3.4%
UNH	Buy	UNITEDHEALTH GROUP INC	$15,656,000	+7.2%	50,216	+1.4%	1.57%	-5.5%
KNX	New	KNIGHT SWIFT TRANSN HLDGS INcl a	$15,350,000	–	377,152	–	1.54%	–
JNJ	Buy	JOHNSON & JOHNSON	$13,831,000	+6.8%	92,900	+0.9%	1.39%	-5.8%
FIS	Sell	FIDELITY NATL INFORMATION SV	$12,908,000	+8.7%	87,682	-1.0%	1.30%	-4.1%
PG	Sell	PROCTER & GAMBLE CO	$12,345,000	+16.1%	88,817	-0.1%	1.24%	+2.4%
HD	Buy	HOME DEPOT INC	$12,290,000	+11.2%	44,254	+0.3%	1.23%	-1.9%
BDX	Sell	BECTON DICKINSON & CO	$10,954,000	-3.4%	47,078	-0.7%	1.10%	-14.8%
TT	Sell	TRANE TECHNOLOGIES PLC	$10,561,000	+34.8%	87,101	-1.1%	1.06%	+18.9%
MDT	Sell	MEDTRONIC PLC	$9,719,000	+12.4%	93,525	-0.8%	0.98%	-0.9%
LMT	Buy	LOCKHEED MARTIN CORP	$9,498,000	+5.4%	24,782	+0.3%	0.95%	-7.1%
ITW	Sell	ILLINOIS TOOL WKS INC	$9,353,000	+9.2%	48,411	-1.2%	0.94%	-3.7%
ZBH	Sell	ZIMMER BIOMET HOLDINGS INC	$8,839,000	+10.1%	64,925	-3.5%	0.89%	-2.8%
ALL	Buy	ALLSTATE CORP	$8,836,000	-1.7%	93,856	+1.3%	0.89%	-13.3%
TTE	New	TOTAL SEsponsored ads	$8,453,000	–	246,440	–	0.85%	–
COP	Buy	CONOCOPHILLIPS	$6,851,000	-21.2%	208,612	+0.9%	0.69%	-30.5%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$835,000	+1.1%	2,493	-7.0%	0.08%	-10.6%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$283,000	-55.2%	2,423	-59.9%	0.03%	-61.1%
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-3,434	–	-0.03%	–
XLC	Exit	SELECT SECTOR SPDR TR	$0	–	-4,686	–	-0.03%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-4,286	–	-0.03%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-2,357	–	-0.03%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-9,173	–	-0.04%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-4,135	–	-0.05%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-94,532	–	-1.60%	–

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$82,993,000	–	407,806	–	9.45%	–
GOLD	New	BARRICK GOLD CORPORATION	$46,427,000	–	1,723,363	–	5.29%	–
CSCO	New	CISCO SYS INC	$43,305,000	–	928,491	–	4.93%	–
ACN	New	ACCENTURE PLC IRELAND	$38,947,000	–	181,387	–	4.44%	–
WMT	New	WALMART INC	$37,347,000	–	311,794	–	4.25%	–
AEM	New	AGNICO EAGLE MINES LTD	$30,173,000	–	471,006	–	3.44%	–
SBUX	New	STARBUCKS CORP	$28,002,000	–	380,520	–	3.19%	–
ZTS	New	ZOETIS INCcl a	$25,666,000	–	187,290	–	2.92%	–
DIS	New	DISNEY WALT CO	$24,641,000	–	220,975	–	2.81%	–
SYK	New	STRYKER CORP	$24,556,000	–	136,278	–	2.80%	–
APD	New	AIR PRODS & CHEMS INC	$23,344,000	–	96,679	–	2.66%	–
NEM	New	NEWMONT CORP	$23,296,000	–	377,329	–	2.65%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$22,609,000	–	126,654	–	2.58%	–
LOW	New	LOWES COS INC	$20,346,000	–	150,576	–	2.32%	–
DHR	New	DANAHER CORPORATION	$20,008,000	–	113,148	–	2.28%	–
CVX	New	CHEVRON CORP NEW	$19,802,000	–	221,917	–	2.26%	–
EA	New	ELECTRONIC ARTS INC	$19,482,000	–	147,536	–	2.22%	–
NKE	New	NIKE INCcl b	$19,251,000	–	196,337	–	2.19%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$18,579,000	–	301,509	–	2.12%	–
SWK	New	STANLEY BLACK & DECKER INC	$17,888,000	–	128,341	–	2.04%	–
MDLZ	New	MONDELEZ INTL INCcl a	$17,686,000	–	345,903	–	2.01%	–
LH	New	LABORATORY CORP AMER HLDGS	$17,280,000	–	104,025	–	1.97%	–
WM	New	WASTE MGMT INC DEL	$15,833,000	–	149,491	–	1.80%	–
MRK	New	MERCK & CO. INC	$15,575,000	–	201,404	–	1.77%	–
PWR	New	QUANTA SVCS INC	$15,348,000	–	391,228	–	1.75%	–
VZ	New	VERIZON COMMUNICATIONS INC	$15,339,000	–	278,225	–	1.75%	–
PEP	New	PEPSICO INC	$15,277,000	–	115,511	–	1.74%	–
CMCSA	New	COMCAST CORP NEWcl a	$15,265,000	–	391,609	–	1.74%	–
UNH	New	UNITEDHEALTH GROUP INC	$14,611,000	–	49,536	–	1.66%	–
KO	New	COCA COLA CO	$14,322,000	–	320,550	–	1.63%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$14,075,000	–	94,532	–	1.60%	–
JNJ	New	JOHNSON & JOHNSON	$12,954,000	–	92,113	–	1.48%	–
FIS	New	FIDELITY NATL INFORMATION SV	$11,876,000	–	88,567	–	1.35%	–
BDX	New	BECTON DICKINSON & CO	$11,339,000	–	47,389	–	1.29%	–
HD	New	HOME DEPOT INC	$11,048,000	–	44,102	–	1.26%	–
PG	New	PROCTER & GAMBLE CO	$10,633,000	–	88,928	–	1.21%	–
LMT	New	LOCKHEED MARTIN CORP	$9,015,000	–	24,705	–	1.03%	–
ALL	New	ALLSTATE CORP	$8,985,000	–	92,635	–	1.02%	–
COP	New	CONOCOPHILLIPS	$8,690,000	–	206,808	–	0.99%	–
MDT	New	MEDTRONIC PLC	$8,647,000	–	94,302	–	0.98%	–
ITW	New	ILLINOIS TOOL WKS INC	$8,566,000	–	48,989	–	0.98%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$8,029,000	–	67,263	–	0.91%	–
TT	New	TRANE TECHNOLOGIES PLC	$7,833,000	–	88,035	–	0.89%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$826,000	–	2,680	–	0.09%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$632,000	–	6,048	–	0.07%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$414,000	–	4,135	–	0.05%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$336,000	–	9,173	–	0.04%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$301,000	–	2,357	–	0.03%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$251,000	–	4,286	–	0.03%	–
XLC	New	SELECT SECTOR SPDR TR	$253,000	–	4,686	–	0.03%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$236,000	–	3,434	–	0.03%	–

Q4 2019

			Value		Shares		↓ Weighting
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-2,687	–	-0.02%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-4,124	–	-0.03%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-2,227	–	-0.03%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-14,936	–	-0.05%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-4,663	–	-0.05%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-7,585	–	-0.07%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-3,343	–	-0.12%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-53,830	–	-1.00%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-70,028	–	-1.14%	–
INFY	Exit	INFOSYS LTDsponsored adr	$0	–	-912,868	–	-1.23%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-180,245	–	-1.24%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-96,632	–	-1.25%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-908,395	–	-1.32%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLNcl a	$0	–	-190,417	–	-1.36%	–
IR	Exit	INGERSOLL-RAND PLC	$0	–	-93,294	–	-1.37%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-205,562	–	-1.39%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-91,085	–	-1.40%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-95,040	–	-1.41%	–
MET	Exit	METLIFE INC	$0	–	-251,989	–	-1.41%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-90,135	–	-1.42%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-48,074	–	-1.45%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-194,742	–	-1.50%	–
NEM	Exit	NEWMONT GOLDCORP CORPORATION	$0	–	-379,706	–	-1.71%	–
USB	Exit	US BANCORP DEL	$0	–	-274,867	–	-1.81%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-95,491	–	-1.83%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-115,956	–	-1.99%	–
SCHW	Exit	THE CHARLES SCHWAB CORP	$0	–	-406,157	–	-2.02%	–
FTV	Exit	FORTIVE CORP	$0	–	-253,308	–	-2.06%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-391,573	–	-2.10%	–
KO	Exit	COCA COLA CO	$0	–	-326,367	–	-2.11%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-108,002	–	-2.16%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-345,495	–	-2.27%	–
NKE	Exit	NIKE INCcl b	$0	–	-205,764	–	-2.30%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-133,882	–	-2.30%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-475,590	–	-3.03%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-225,263	–	-3.18%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-129,578	–	-3.20%	–
PEP	Exit	PEPSICO INC	$0	–	-209,076	–	-3.41%	–
DIS	Exit	DISNEY WALT CO	$0	–	-228,975	–	-3.55%	–
SYK	Exit	STRYKER CORP	$0	–	-139,330	–	-3.58%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-384,733	–	-4.04%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-190,465	–	-4.36%	–
WMT	Exit	WALMART INC	$0	–	-317,810	–	-4.48%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-303,698	–	-4.50%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-310,147	–	-5.04%	–
CSCO	Exit	CISCO SYS INC	$0	–	-941,646	–	-5.53%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-431,844	–	-7.14%	–

Q3 2019

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$60,039,000	-11.2%	431,844	-14.5%	7.14%	-5.9%
CSCO	Buy	CISCO SYS INC	$46,527,000	-8.7%	941,646	+1.2%	5.53%	-3.2%
UTX	Buy	UNITED TECHNOLOGIES CORP	$42,341,000	+5.1%	310,147	+0.2%	5.04%	+11.4%
ZTS	Sell	ZOETIS INCcl a	$37,838,000	+9.5%	303,698	-0.3%	4.50%	+16.0%
WMT	Buy	WALMART INC	$37,718,000	+8.1%	317,810	+0.7%	4.48%	+14.6%
ACN	Sell	ACCENTURE PLC IRELAND	$36,636,000	+4.0%	190,465	-0.1%	4.36%	+10.2%
SBUX	Sell	STARBUCKS CORP	$34,018,000	+5.0%	384,733	-0.5%	4.04%	+11.2%
SYK	Buy	STRYKER CORP	$30,137,000	+5.4%	139,330	+0.2%	3.58%	+11.7%
DIS	Buy	DISNEY WALT CO	$29,840,000	-6.1%	228,975	+0.6%	3.55%	-0.5%
PEP	Buy	PEPSICO INC	$28,664,000	+4.8%	209,076	+0.3%	3.41%	+11.1%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$26,955,000	-1.7%	129,578	+0.7%	3.20%	+4.1%
CVX	Buy	CHEVRON CORP NEW	$26,716,000	-3.9%	225,263	+0.8%	3.18%	+1.8%
AEM	Buy	AGNICO EAGLE MINES LTD	$25,496,000	+4.9%	475,590	+0.3%	3.03%	+11.2%
SWK	Buy	STANLEY BLACK & DECKER INC	$19,334,000	+0.4%	133,882	+0.6%	2.30%	+6.4%
NKE	Buy	NIKE INCcl b	$19,325,000	+13.2%	205,764	+1.2%	2.30%	+19.9%
MDLZ	Buy	MONDELEZ INTL INCcl a	$19,113,000	+3.5%	345,495	+0.9%	2.27%	+9.7%
LH	Sell	LABORATORY CORP AMER HLDGS	$18,144,000	-2.8%	108,002	-0.0%	2.16%	+3.0%
KO	Sell	COCA COLA CO	$17,767,000	+6.7%	326,367	-0.2%	2.11%	+13.1%
CMCSA	Buy	COMCAST CORP NEWcl a	$17,652,000	+8.1%	391,573	+1.4%	2.10%	+14.5%
FTV	Buy	FORTIVE CORP	$17,367,000	-15.0%	253,308	+1.0%	2.06%	-10.0%
SCHW	Buy	THE CHARLES SCHWAB CORP	$16,990,000	+5.5%	406,157	+1.3%	2.02%	+11.7%
DHR	Sell	DANAHER CORPORATION	$16,748,000	-49.3%	115,956	-49.9%	1.99%	-46.3%
ADP	Sell	AUTOMATIC DATA PROCESSING INC	$15,414,000	-52.9%	95,491	-51.7%	1.83%	-50.1%
USB	Buy	US BANCORP DEL	$15,211,000	+7.5%	274,867	+1.8%	1.81%	+13.8%
NEM	Buy	NEWMONT GOLDCORP CORPORATION	$14,398,000	-0.3%	379,706	+1.1%	1.71%	+5.5%
XEL	Buy	XCEL ENERGY INC	$12,637,000	+11.3%	194,742	+2.1%	1.50%	+18.0%
BDX	Buy	BECTON DICKINSON & CO	$12,161,000	+1.3%	48,074	+1.0%	1.45%	+7.3%
FIS	Buy	FIDELITY NATL INFORMATION SV	$11,966,000	+8.4%	90,135	+0.1%	1.42%	+14.9%
MET	Buy	METLIFE INC	$11,884,000	-3.4%	251,989	+1.7%	1.41%	+2.3%
PG	Sell	PROCTER & GAMBLE CO	$11,821,000	+12.4%	95,040	-0.9%	1.41%	+19.2%
JNJ	Buy	JOHNSON & JOHNSON	$11,785,000	-5.7%	91,085	+1.6%	1.40%	-0.1%
COP	Buy	CONOCOPHILLIPS	$11,713,000	-4.4%	205,562	+2.4%	1.39%	+1.4%
IR	Sell	INGERSOLL-RAND PLC	$11,495,000	-4.1%	93,294	-1.4%	1.37%	+1.6%
CTSH	Buy	COGNIZANT TECHNOLOGY SOLNcl a	$11,475,000	-3.8%	190,417	+1.2%	1.36%	+2.0%
MRO	Buy	MARATHON OIL CORP	$11,146,000	-12.5%	908,395	+1.3%	1.32%	-7.3%
MDT	Buy	MEDTRONIC PLC	$10,496,000	+12.9%	96,632	+1.3%	1.25%	+19.7%
DAL	Buy	DELTA AIR LINES INC DEL	$10,382,000	+2.3%	180,245	+0.8%	1.24%	+8.4%
INFY	Buy	INFOSYS LTDsponsored adr	$10,379,000	+7.0%	912,868	+0.7%	1.23%	+13.3%
ZBH	Buy	ZIMMER BIOMET HLDGS INC	$9,613,000	+18.5%	70,028	+1.6%	1.14%	+25.5%
ITW	Sell	ILLINOIS TOOL WKS INC	$8,424,000	+2.8%	53,830	-1.0%	1.00%	+8.9%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$992,000	+12.3%	3,343	+10.9%	0.12%	+19.2%
XLK	New	SELECT SECTOR SPDR TRtechnology	$611,000	–	7,585	–	0.07%	–
XLF	Buy	SELECT SECTOR SPDR TRsbi int-finl	$418,000	+36.2%	14,936	+34.2%	0.05%	+47.1%
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$420,000	–	4,663	–	0.05%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$269,000	–	2,227	–	0.03%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$253,000	–	4,124	–	0.03%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$209,000	–	2,687	–	0.02%	–
AMZN	Exit	Amazon Com Inc.	$0	–	-883	–	-0.19%	–
OXY	Exit	Occidental Petroleum Corp.	$0	–	-158,014	–	-0.89%	–
HSY	Exit	Hershey Company	$0	–	-116,416	–	-1.75%	–

Q2 2019

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp.	$67,633,000	–	504,875	–	7.59%	–
CSCO	New	Cisco Systems, Inc.	$50,937,000	–	930,699	–	5.72%	–
UTX	New	United Technologies Corp.	$40,284,000	–	309,401	–	4.52%	–
ACN	New	Accenture plc Ireland	$35,241,000	–	190,727	–	3.96%	–
WMT	New	Walmart, Inc.	$34,878,000	–	315,667	–	3.91%	–
ZTS	New	Zoetis, Inc.cl a	$34,564,000	–	304,558	–	3.88%	–
DHR	New	Danaher Corp.	$33,057,000	–	231,298	–	3.71%	–
ADP	New	Automatic Data Processing, Inc	$32,712,000	–	197,859	–	3.67%	–
SBUX	New	Starbucks Corp.	$32,403,000	–	386,533	–	3.64%	–
DIS	New	Walt Disney Company	$31,787,000	–	227,635	–	3.57%	–
SYK	New	Stryker Corp.	$28,583,000	–	139,036	–	3.21%	–
CVX	New	Chevron Corp.	$27,813,000	–	223,506	–	3.12%	–
BRKB	New	Berkshire Hathaway, Inc. DELcl b new	$27,435,000	–	128,698	–	3.08%	–
PEP	New	PepsiCo, Inc.	$27,347,000	–	208,549	–	3.07%	–
AEM	New	Agnico Eagle Mines Ltd.	$24,302,000	–	474,270	–	2.73%	–
FTV	New	Fortive Corp.	$20,441,000	–	250,746	–	2.29%	–
SWK	New	Stanley Black & Decker, Inc.	$19,250,000	–	133,119	–	2.16%	–
LH	New	Laboratory Corp. of America Hl	$18,674,000	–	108,006	–	2.10%	–
MDLZ	New	Mondelez International, Inc.cl a	$18,463,000	–	342,544	–	2.07%	–
NKE	New	Nike, Inc.cl b	$17,069,000	–	203,320	–	1.92%	–
KO	New	Coca-Cola Company	$16,645,000	–	326,882	–	1.87%	–
CMCSA	New	Comcast Corp.cl a	$16,328,000	–	386,193	–	1.83%	–
SCHW	New	Charles Schwab Corp.	$16,107,000	–	400,782	–	1.81%	–
HSY	New	Hershey Company	$15,603,000	–	116,416	–	1.75%	–
NEM	New	Newmont Goldcorp Corp.	$14,448,000	–	375,566	–	1.62%	–
USB	New	U.S. Bancorp	$14,155,000	–	270,125	–	1.59%	–
MRO	New	Marathon Oil Corp.	$12,737,000	–	896,340	–	1.43%	–
JNJ	New	Johnson & Johnson	$12,492,000	–	89,688	–	1.40%	–
MET	New	MetLife, Inc.	$12,301,000	–	247,664	–	1.38%	–
COP	New	ConocoPhillips	$12,246,000	–	200,752	–	1.37%	–
BDX	New	Becton, Dickinson & Co.	$12,000,000	–	47,619	–	1.35%	–
IR	New	Ingersoll-Rand plc	$11,982,000	–	94,592	–	1.34%	–
CTSH	New	Cognizant Tech Solutions Corp.cl a	$11,925,000	–	188,120	–	1.34%	–
XEL	New	Xcel Energy, Inc.	$11,352,000	–	190,815	–	1.27%	–
FIS	New	Fidelity Nat'l Info Services,	$11,043,000	–	90,016	–	1.24%	–
PG	New	Procter & Gamble Company	$10,518,000	–	95,924	–	1.18%	–
DAL	New	Delta Air Lines, Inc.	$10,149,000	–	178,830	–	1.14%	–
INFY	New	Infosys Limited, Inc.sponsored adr	$9,702,000	–	906,761	–	1.09%	–
MDT	New	Medtronic plc	$9,294,000	–	95,432	–	1.04%	–
ITW	New	Illinois Tool Works, Inc.	$8,197,000	–	54,351	–	0.92%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$8,113,000	–	68,908	–	0.91%	–
OXY	New	Occidental Petroleum Corp.	$7,945,000	–	158,014	–	0.89%	–
AMZN	New	Amazon Com Inc.	$1,672,000	–	883	–	0.19%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$883,000	–	3,015	–	0.10%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$307,000	–	11,129	–	0.03%	–

Q4 2018

			Value		Shares		↓ Weighting
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-2,669	–	-0.02%	–
LOW	Exit	Lowe's Companies, Inc.	$0	–	-1,825	–	-0.02%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,551	–	-0.08%	–
AMZN	Exit	Amazon Com Inc.	$0	–	-883	–	-0.19%	–
GG	Exit	Goldcorp, Inc.	$0	–	-645,982	–	-0.72%	–
ITW	Exit	Illinois Tool Works, Inc.	$0	–	-54,530	–	-0.84%	–
PG	Exit	Procter & Gamble Company	$0	–	-98,195	–	-0.89%	–
ABBV	Exit	AbbVie, Inc.	$0	–	-89,810	–	-0.92%	–
XEL	Exit	Xcel Energy, Inc.	$0	–	-189,475	–	-0.97%	–
INFY	Exit	Infosys Limited, Inc.sponsored adr	$0	–	-898,260	–	-0.99%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-69,566	–	-0.99%	–
FIS	Exit	Fidelity Nat'l Info Services,	$0	–	-93,116	–	-1.10%	–
IR	Exit	Ingersoll-Rand plc	$0	–	-101,374	–	-1.13%	–
MTZ	Exit	MasTec, Inc.	$0	–	-233,624	–	-1.13%	–
AEM	Exit	Agnico Eagle Mines Ltd.	$0	–	-309,097	–	-1.15%	–
MET	Exit	MetLife, Inc.	$0	–	-248,289	–	-1.26%	–
JNJ	Exit	Johnson & Johnson	$0	–	-87,439	–	-1.31%	–
HSY	Exit	Hershey Company	$0	–	-120,083	–	-1.33%	–
PPG	Exit	PPG Industries, Inc.	$0	–	-115,684	–	-1.37%	–
OXY	Exit	Occidental Petroleum Corp.	$0	–	-154,779	–	-1.38%	–
MLM	Exit	Martin Marietta Materials, Inc	$0	–	-73,663	–	-1.46%	–
CMCSA	Exit	Comcast Corp.cl a	$0	–	-401,178	–	-1.54%	–
CTSH	Exit	Cognizant Tech Solutions Corp.cl a	$0	–	-189,941	–	-1.59%	–
WAT	Exit	Waters Corp.	$0	–	-75,950	–	-1.61%	–
KO	Exit	Coca-Cola Company	$0	–	-328,452	–	-1.65%	–
MDLZ	Exit	Mondelez International, Inc.cl a	$0	–	-360,010	–	-1.68%	–
COP	Exit	ConocoPhillips	$0	–	-200,799	–	-1.69%	–
LKQ	Exit	LKQ Corp.	$0	–	-499,280	–	-1.72%	–
MDT	Exit	Medtronic plc	$0	–	-165,036	–	-1.76%	–
CVX	Exit	Chevron Corp.	$0	–	-138,896	–	-1.85%	–
NKE	Exit	Nike, Inc.cl b	$0	–	-213,763	–	-1.97%	–
BDX	Exit	Becton, Dickinson & Co.	$0	–	-72,039	–	-2.04%	–
LH	Exit	Laboratory Corp. of America Hl	$0	–	-112,929	–	-2.13%	–
DIS	Exit	Walt Disney Company	$0	–	-167,795	–	-2.13%	–
SWK	Exit	Stanley Black & Decker, Inc.	$0	–	-136,581	–	-2.18%	–
SCHW	Exit	Charles Schwab Corp.	$0	–	-413,453	–	-2.21%	–
CVS	Exit	CVS Health Corp.	$0	–	-264,753	–	-2.27%	–
FTV	Exit	Fortive Corp.	$0	–	-259,833	–	-2.38%	–
SLB	Exit	Schlumberger Ltd.	$0	–	-392,295	–	-2.60%	–
SBUX	Exit	Starbucks Corp.	$0	–	-421,325	–	-2.60%	–
PEP	Exit	PepsiCo, Inc.	$0	–	-215,360	–	-2.62%	–
SYK	Exit	Stryker Corp.	$0	–	-146,256	–	-2.82%	–
DHR	Exit	Danaher Corp.	$0	–	-240,411	–	-2.84%	–
BRKB	Exit	Berkshire Hathaway, Inc.cl b new	$0	–	-133,087	–	-3.10%	–
ZTS	Exit	Zoetis, Inc.cl a	$0	–	-319,851	–	-3.18%	–
ADP	Exit	Automatic Data Processing, Inc	$0	–	-208,820	–	-3.42%	–
ACN	Exit	Accenture plc Ireland	$0	–	-195,324	–	-3.61%	–
ORCL	Exit	Oracle Corp.	$0	–	-845,029	–	-4.74%	–
UTX	Exit	United Technologies Corp.	$0	–	-321,475	–	-4.89%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-988,340	–	-5.23%	–
MSFT	Exit	Microsoft Corp.	$0	–	-536,057	–	-6.67%	–

Q3 2018

			Value		Shares		↓ Weighting
MSFT	Sell	Microsoft Corp.	$61,309,000	+12.3%	536,057	-3.1%	6.67%	+5.4%
CSCO	Sell	Cisco Systems, Inc.	$48,083,000	+10.1%	988,340	-2.6%	5.23%	+3.3%
UTX	Sell	United Technologies Corp.	$44,945,000	+9.7%	321,475	-1.9%	4.89%	+2.9%
ORCL	Sell	Oracle Corp.	$43,570,000	+14.9%	845,029	-1.8%	4.74%	+7.8%
ACN	Sell	Accenture plc Ireland	$33,244,000	+2.1%	195,324	-1.9%	3.61%	-4.2%
ADP	Sell	Automatic Data Processing, Inc	$31,461,000	+7.6%	208,820	-4.2%	3.42%	+1.0%
ZTS	Sell	Zoetis, Inc.cl a	$29,286,000	+3.4%	319,851	-3.8%	3.18%	-3.0%
BRKB	Sell	Berkshire Hathaway, Inc.cl b new	$28,495,000	+11.4%	133,087	-2.9%	3.10%	+4.5%
DHR	Sell	Danaher Corp.	$26,123,000	+6.7%	240,411	-3.1%	2.84%	+0.1%
SYK	Sell	Stryker Corp.	$25,987,000	+1.7%	146,256	-3.4%	2.82%	-4.6%
PEP	Sell	PepsiCo, Inc.	$24,077,000	+0.1%	215,360	-2.5%	2.62%	-6.1%
SBUX	Sell	Starbucks Corp.	$23,948,000	+14.8%	421,325	-1.3%	2.60%	+7.7%
SLB	Sell	Schlumberger Ltd.	$23,899,000	-10.1%	392,295	-1.1%	2.60%	-15.7%
FTV	Sell	Fortive Corp.	$21,878,000	+5.5%	259,833	-3.4%	2.38%	-1.0%
CVS	Sell	CVS Health Corp.	$20,841,000	+19.2%	264,753	-2.6%	2.27%	+11.8%
SCHW	Sell	Charles Schwab Corp.	$20,321,000	-6.3%	413,453	-2.6%	2.21%	-12.1%
SWK	Sell	Stanley Black & Decker, Inc.	$20,001,000	+7.8%	136,581	-2.2%	2.18%	+1.2%
DIS	Sell	Walt Disney Company	$19,622,000	+8.7%	167,795	-2.6%	2.13%	+2.0%
LH	Sell	Laboratory Corp. of America Hl	$19,614,000	-6.0%	112,929	-2.9%	2.13%	-11.8%
BDX	Sell	Becton, Dickinson & Co.	$18,802,000	+7.4%	72,039	-1.4%	2.04%	+0.8%
NKE	Sell	Nike, Inc.cl b	$18,110,000	+3.1%	213,763	-3.1%	1.97%	-3.3%
CVX	Sell	Chevron Corp.	$16,984,000	-5.7%	138,896	-2.5%	1.85%	-11.5%
MDT	Sell	Medtronic plc	$16,235,000	+12.9%	165,036	-1.8%	1.76%	+5.9%
LKQ	Sell	LKQ Corp.	$15,812,000	-3.1%	499,280	-2.4%	1.72%	-9.0%
COP	Sell	ConocoPhillips	$15,542,000	+10.4%	200,799	-0.7%	1.69%	+3.6%
MDLZ	Sell	Mondelez International, Inc.cl a	$15,466,000	+1.6%	360,010	-3.1%	1.68%	-4.7%
KO	Buy	Coca-Cola Company	$15,171,000	+5.5%	328,452	+0.2%	1.65%	-1.0%
WAT	Sell	Waters Corp.	$14,786,000	-2.0%	75,950	-2.6%	1.61%	-8.1%
CTSH	New	Cognizant Tech Solutions Corp.cl a	$14,654,000	–	189,941	–	1.59%	–
CMCSA	Sell	Comcast Corp.cl a	$14,206,000	+7.7%	401,178	-0.2%	1.54%	+1.1%
MLM	Sell	Martin Marietta Materials, Inc	$13,403,000	-21.1%	73,663	-3.1%	1.46%	-25.9%
OXY	Sell	Occidental Petroleum Corp.	$12,718,000	-2.7%	154,779	-0.9%	1.38%	-8.7%
PPG	Buy	PPG Industries, Inc.	$12,625,000	+5.7%	115,684	+0.4%	1.37%	-0.9%
HSY	Sell	Hershey Company	$12,248,000	+9.3%	120,083	-0.3%	1.33%	+2.5%
JNJ	Buy	Johnson & Johnson	$12,081,000	+14.8%	87,439	+0.9%	1.31%	+7.7%
MET	Buy	MetLife, Inc.	$11,600,000	+8.1%	248,289	+0.9%	1.26%	+1.4%
AEM	Sell	Agnico Eagle Mines Ltd.	$10,571,000	-27.9%	309,097	-3.4%	1.15%	-32.4%
MTZ	Sell	MasTec, Inc.	$10,431,000	-14.5%	233,624	-2.9%	1.13%	-19.8%
IR	Sell	Ingersoll-Rand plc	$10,371,000	+13.7%	101,374	-0.3%	1.13%	+6.7%
FIS	Sell	Fidelity Nat'l Info Services,	$10,156,000	+2.7%	93,116	-0.2%	1.10%	-3.7%
ZBH	Buy	Zimmer Biomet Holdings, Inc.	$9,146,000	+18.6%	69,566	+0.5%	0.99%	+11.2%
INFY	New	Infosys Limited, Inc.sponsored adr	$9,135,000	–	898,260	–	0.99%	–
XEL	New	Xcel Energy, Inc.	$8,945,000	–	189,475	–	0.97%	–
ABBV	Buy	AbbVie, Inc.	$8,494,000	+2.7%	89,810	+0.6%	0.92%	-3.8%
PG	Buy	Procter & Gamble Company	$8,173,000	+7.7%	98,195	+1.0%	0.89%	+1.1%
ITW	Buy	Illinois Tool Works, Inc.	$7,695,000	+2.5%	54,530	+0.6%	0.84%	-3.8%
GG	Buy	Goldcorp, Inc.	$6,589,000	-25.4%	645,982	+0.3%	0.72%	-30.0%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$742,000	+14.9%	2,551	+7.1%	0.08%	+8.0%
LOW	New	Lowe's Companies, Inc.	$210,000	–	1,825	–	0.02%	–
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$201,000	-4.3%	2,669	-11.7%	0.02%	-8.3%
XLF	Exit	Select Sector SPDR TRsbi int-finl	$0	–	-8,155	–	-0.02%	–
COL	Exit	Rockwell Collins, Inc.	$0	–	-93,994	–	-1.47%	–

Q2 2018

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp.	$54,575,000	–	553,444	–	6.32%	–
CSCO	New	Cisco Systems, Inc.	$43,671,000	–	1,014,906	–	5.06%	–
UTX	New	United Technologies Corp.	$40,972,000	–	327,699	–	4.75%	–
ORCL	New	Oracle Corp.	$37,910,000	–	860,409	–	4.39%	–
ACN	New	Accenture plc Ireland	$32,572,000	–	199,105	–	3.77%	–
ADP	New	Automatic Data Processing, Inc	$29,227,000	–	217,888	–	3.39%	–
ZTS	New	Zoetis, Inc.cl a	$28,326,000	–	332,503	–	3.28%	–
SLB	New	Schlumberger Ltd.	$26,593,000	–	396,738	–	3.08%	–
BRKB	New	Berkshire Hathaway, Inc. DELcl b new	$25,580,000	–	137,046	–	2.96%	–
SYK	New	Stryker Corp.	$25,557,000	–	151,351	–	2.96%	–
DHR	New	Danaher Corp. DEL	$24,482,000	–	248,098	–	2.84%	–
PEP	New	PepsiCo, Inc.	$24,057,000	–	220,971	–	2.79%	–
SCHW	New	Charles Schwab Corp. NEW	$21,687,000	–	424,401	–	2.51%	–
LH	New	Laboratory Corp. of America Hl	$20,869,000	–	116,242	–	2.42%	–
SBUX	New	Starbucks Corp.	$20,861,000	–	427,039	–	2.42%	–
FTV	New	Fortive Corp.	$20,736,000	–	268,916	–	2.40%	–
SWK	New	Stanley Black & Decker, Inc.	$18,554,000	–	139,706	–	2.15%	–
DIS	New	Walt Disney Company	$18,048,000	–	172,198	–	2.09%	–
CVX	New	Chevron Corp. NEW	$18,010,000	–	142,449	–	2.09%	–
NKE	New	Nike, Inc.cl b	$17,569,000	–	220,499	–	2.04%	–
BDX	New	Becton, Dickinson & Co.	$17,502,000	–	73,061	–	2.03%	–
CVS	New	CVS Health Corp.	$17,486,000	–	271,731	–	2.03%	–
MLM	New	Martin Marietta Materials, Inc	$16,978,000	–	76,024	–	1.97%	–
LKQ	New	LKQ Corp.	$16,311,000	–	511,309	–	1.89%	–
MDLZ	New	Mondelez International, Inc.cl a	$15,226,000	–	371,377	–	1.76%	–
WAT	New	Waters Corp.	$15,091,000	–	77,954	–	1.75%	–
AEM	New	Agnico Eagle Mines Ltd.	$14,662,000	–	319,920	–	1.70%	–
MDT	New	Medtronic plc	$14,384,000	–	168,014	–	1.67%	–
KO	New	Coca-Cola Company	$14,375,000	–	327,748	–	1.67%	–
COP	New	ConocoPhillips	$14,084,000	–	202,297	–	1.63%	–
CMCSA	New	Comcast Corp. NEWcl a	$13,187,000	–	401,929	–	1.53%	–
OXY	New	Occidental Petroleum Corp. DEL	$13,069,000	–	156,181	–	1.51%	–
COL	New	Rockwell Collins, Inc.	$12,659,000	–	93,994	–	1.47%	–
MTZ	New	MasTec, Inc.	$12,205,000	–	240,499	–	1.41%	–
PPG	New	PPG Industries, Inc.	$11,949,000	–	115,194	–	1.38%	–
HSY	New	Hershey Company	$11,206,000	–	120,417	–	1.30%	–
MET	New	MetLife, Inc.	$10,732,000	–	246,156	–	1.24%	–
JNJ	New	Johnson & Johnson	$10,520,000	–	86,699	–	1.22%	–
FIS	New	Fidelity Nat'l Info Services,	$9,890,000	–	93,278	–	1.15%	–
IR	New	Ingersoll-Rand plc	$9,125,000	–	101,690	–	1.06%	–
GG	New	Goldcorp, Inc. NEW	$8,827,000	–	643,847	–	1.02%	–
ABBV	New	AbbVie, Inc.	$8,273,000	–	89,290	–	0.96%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$7,712,000	–	69,207	–	0.89%	–
PG	New	Procter & Gamble Company	$7,587,000	–	97,190	–	0.88%	–
ITW	New	Illinois Tool Works, Inc.	$7,510,000	–	54,210	–	0.87%	–
AMZN	New	Amazon Com Inc.	$1,501,000	–	883	–	0.17%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$646,000	–	2,381	–	0.08%	–
XLF	New	Select Sector SPDR TRsbi int-finl	$217,000	–	8,155	–	0.02%	–
XLK	New	Select Sector SPDR TRtechnology	$210,000	–	3,022	–	0.02%	–

Q4 2017

			Value		Shares		↓ Weighting
XLF	Exit	Select Sector SPDR TRsbi int-finl	$0	–	-8,155	–	-0.02%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,228	–	-0.06%	–
AMZN	Exit	Amazon Com Inc.	$0	–	-1,063	–	-0.11%	–
PDCO	Exit	Patterson Companies, Inc.	$0	–	-184,735	–	-0.77%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-69,026	–	-0.88%	–
GG	Exit	Goldcorp, Inc.	$0	–	-653,290	–	-0.92%	–
PG	Exit	Procter & Gamble Company	$0	–	-96,279	–	-0.95%	–
ANTM	Exit	Anthem, Inc.	$0	–	-54,107	–	-1.11%	–
DVN	Exit	Devon Energy Corp.	$0	–	-279,907	–	-1.11%	–
OXY	Exit	Occidental Petroleum Corp.	$0	–	-167,125	–	-1.16%	–
COP	Exit	ConocoPhillips	$0	–	-214,879	–	-1.16%	–
JNJ	Exit	Johnson & Johnson	$0	–	-84,905	–	-1.20%	–
APH	Exit	Amphenol Corp.cl a	$0	–	-135,490	–	-1.24%	–
NKE	Exit	Nike, Inc.cl b	$0	–	-236,095	–	-1.32%	–
PPG	Exit	PPG Industries, Inc.	$0	–	-117,155	–	-1.38%	–
MET	Exit	MetLife, Inc.	$0	–	-246,930	–	-1.39%	–
STE	Exit	Steris plc	$0	–	-145,824	–	-1.40%	–
COL	Exit	Rockwell Collins, Inc.	$0	–	-99,805	–	-1.41%	–
MDT	Exit	Medtronic plc	$0	–	-168,118	–	-1.42%	–
HSY	Exit	Hershey Company	$0	–	-121,419	–	-1.44%	–
KO	Exit	Coca-Cola Company	$0	–	-326,410	–	-1.59%	–
AEM	Exit	Agnico Eagle Mines Ltd.	$0	–	-325,940	–	-1.60%	–
BDX	Exit	Becton, Dickinson & Co.	$0	–	-76,756	–	-1.63%	–
MDLZ	Exit	Mondelez International, Inc.cl a	$0	–	-376,346	–	-1.66%	–
CMCSA	Exit	Comcast Corp.cl a	$0	–	-413,392	–	-1.72%	–
CCK	Exit	Crown Holdings, Inc.	$0	–	-275,954	–	-1.78%	–
DIS	Exit	Walt Disney Company	$0	–	-172,448	–	-1.84%	–
WDC	Exit	Western Digital Corp.	$0	–	-200,706	–	-1.88%	–
CVX	Exit	Chevron Corp.	$0	–	-148,314	–	-1.89%	–
FIS	Exit	Fidelity Nat'l Info Services,	$0	–	-188,035	–	-1.90%	–
ENB	Exit	Enbridge, Inc.	$0	–	-420,805	–	-1.91%	–
LH	Exit	Laboratory Corp. of America Hl	$0	–	-118,490	–	-1.94%	–
ITW	Exit	Illinois Tool Works, Inc.	$0	–	-122,308	–	-1.96%	–
LKQ	Exit	LKQ Corp.	$0	–	-524,178	–	-2.04%	–
SCHW	Exit	Charles Schwab Corp.	$0	–	-440,686	–	-2.09%	–
FTV	Exit	Fortive Corp.	$0	–	-272,694	–	-2.09%	–
MKL	Exit	Markel Corp.	$0	–	-18,826	–	-2.18%	–
WAT	Exit	Waters Corp.	$0	–	-118,147	–	-2.30%	–
SWK	Exit	Stanley Black & Decker, Inc.	$0	–	-141,528	–	-2.31%	–
SYK	Exit	Stryker Corp.	$0	–	-154,783	–	-2.38%	–
ZTS	Exit	Zoetis, Inc.cl a	$0	–	-345,028	–	-2.38%	–
DHR	Exit	Danaher Corp.	$0	–	-256,739	–	-2.38%	–
CVS	Exit	CVS Health Corp.	$0	–	-276,543	–	-2.44%	–
PEP	Exit	PepsiCo, Inc.	$0	–	-221,518	–	-2.67%	–
ADP	Exit	Automatic Data Processing, Inc	$0	–	-229,688	–	-2.72%	–
BRKB	Exit	Berkshire Hathaway, Inc.cl b new	$0	–	-140,056	–	-2.78%	–
SLB	Exit	Schlumberger Ltd.	$0	–	-393,310	–	-2.97%	–
UTX	Exit	United Technologies Corp.	$0	–	-332,664	–	-4.18%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-1,172,820	–	-4.27%	–
MSFT	Exit	Microsoft Corp.	$0	–	-564,887	–	-4.56%	–
ORCL	Exit	Oracle Corp.	$0	–	-878,359	–	-4.60%	–
ACN	Exit	Accenture plc Ireland	$0	–	-337,443	–	-4.94%	–

Q3 2017

			Value		Shares		↓ Weighting
ACN	Sell	Accenture plc Ireland	$45,578,000	+9.1%	337,443	-0.1%	4.94%	+13.6%
ORCL	Sell	Oracle Corp.	$42,469,000	-3.7%	878,359	-0.1%	4.60%	+0.3%
MSFT	Sell	Microsoft Corp.	$42,078,000	-23.8%	564,887	-29.5%	4.56%	-20.6%
CSCO	Buy	Cisco Systems, Inc.	$39,442,000	+8.4%	1,172,820	+0.9%	4.27%	+12.8%
UTX	Buy	United Technologies Corp.	$38,616,000	-4.2%	332,664	+0.8%	4.18%	-0.3%
SLB	Buy	Schlumberger Ltd.	$27,437,000	+6.7%	393,310	+0.7%	2.97%	+11.1%
BRKB	Sell	Berkshire Hathaway, Inc.cl b new	$25,675,000	+8.1%	140,056	-0.1%	2.78%	+12.6%
ADP	Sell	Automatic Data Processing, Inc	$25,109,000	+6.7%	229,688	-0.0%	2.72%	+11.1%
PEP	Buy	PepsiCo, Inc.	$24,684,000	-2.5%	221,518	+1.1%	2.67%	+1.5%
CVS	Buy	CVS Health Corp.	$22,488,000	+2.0%	276,543	+0.9%	2.44%	+6.1%
DHR	Buy	Danaher Corp.	$22,023,000	+3.0%	256,739	+1.3%	2.38%	+7.2%
ZTS	Buy	Zoetis, Inc.cl a	$21,999,000	+2.7%	345,028	+0.5%	2.38%	+7.0%
SYK	Buy	Stryker Corp.	$21,982,000	+3.5%	154,783	+1.1%	2.38%	+7.7%
SWK	Buy	Stanley Black & Decker, Inc.	$21,366,000	+7.7%	141,528	+0.4%	2.31%	+12.2%
WAT	Buy	Waters Corp.	$21,210,000	-1.0%	118,147	+1.3%	2.30%	+3.0%
MKL	Buy	Markel Corp.	$20,106,000	+9.7%	18,826	+0.2%	2.18%	+14.2%
FTV	Buy	Fortive Corp.	$19,304,000	+12.2%	272,694	+0.4%	2.09%	+16.8%
SCHW	Buy	Charles Schwab Corp.	$19,276,000	+3.3%	440,686	+1.4%	2.09%	+7.5%
LKQ	Buy	LKQ Corp.	$18,865,000	+9.8%	524,178	+0.5%	2.04%	+14.3%
ITW	Sell	Illinois Tool Works, Inc.	$18,097,000	+3.1%	122,308	-0.2%	1.96%	+7.3%
LH	Sell	Laboratory Corp. of America Hl	$17,888,000	-32.4%	118,490	-31.0%	1.94%	-29.6%
ENB	Buy	Enbridge, Inc.	$17,606,000	+5.8%	420,805	+0.7%	1.91%	+10.1%
FIS	Sell	Fidelity Nat'l Info Services,	$17,561,000	+7.7%	188,035	-1.5%	1.90%	+12.1%
CVX	Sell	Chevron Corp.	$17,427,000	+12.3%	148,314	-0.3%	1.89%	+16.9%
WDC	Buy	Western Digital Corp.	$17,341,000	-1.6%	200,706	+0.9%	1.88%	+2.4%
DIS	Buy	Walt Disney Company	$16,998,000	-6.5%	172,448	+0.7%	1.84%	-2.7%
CCK	Sell	Crown Holdings, Inc.	$16,480,000	+0.0%	275,954	-0.1%	1.78%	+4.1%
CMCSA	Buy	Comcast Corp.cl a	$15,907,000	-1.1%	413,392	+0.0%	1.72%	+2.9%
MDLZ	Buy	Mondelez International, Inc.cl a	$15,302,000	-4.2%	376,346	+1.8%	1.66%	-0.2%
BDX	Sell	Becton, Dickinson & Co.	$15,040,000	-0.1%	76,756	-0.5%	1.63%	+4.0%
AEM	New	Agnico Eagle Mines Ltd.	$14,736,000	–	325,940	–	1.60%	–
KO	Sell	Coca-Cola Company	$14,692,000	-0.1%	326,410	-0.5%	1.59%	+4.0%
HSY	Sell	Hershey Company	$13,255,000	+1.1%	121,419	-0.6%	1.44%	+5.2%
MDT	Sell	Medtronic plc	$13,075,000	-12.7%	168,118	-0.4%	1.42%	-9.1%
COL	Sell	Rockwell Collins, Inc.	$13,046,000	+23.0%	99,805	-1.1%	1.41%	+28.0%
STE	Sell	Steris plc	$12,891,000	+8.3%	145,824	-0.2%	1.40%	+12.8%
MET	Buy	MetLife, Inc.	$12,828,000	-5.4%	246,930	+0.1%	1.39%	-1.5%
PPG	Sell	PPG Industries, Inc.	$12,730,000	-1.6%	117,155	-0.4%	1.38%	+2.5%
NKE	Sell	Nike, Inc.cl b	$12,242,000	-12.5%	236,095	-0.4%	1.32%	-8.9%
APH	Sell	Amphenol Corp.cl a	$11,468,000	-29.7%	135,490	-38.7%	1.24%	-26.8%
JNJ	Sell	Johnson & Johnson	$11,039,000	-2.4%	84,905	-0.7%	1.20%	+1.6%
COP	Sell	ConocoPhillips	$10,755,000	+13.1%	214,879	-0.7%	1.16%	+17.7%
OXY	Sell	Occidental Petroleum Corp.	$10,731,000	+6.1%	167,125	-1.0%	1.16%	+10.5%
DVN	Buy	Devon Energy Corp.	$10,275,000	+30.8%	279,907	+13.9%	1.11%	+36.1%
ANTM	Sell	Anthem, Inc.	$10,274,000	+0.7%	54,107	-0.2%	1.11%	+4.8%
PG	Sell	Procter & Gamble Company	$8,759,000	+3.2%	96,279	-1.1%	0.95%	+7.5%
GG	New	Goldcorp, Inc.	$8,467,000	–	653,290	–	0.92%	–
ZBH	Sell	Zimmer Biomet Holdings, Inc.	$8,082,000	-9.7%	69,026	-0.9%	0.88%	-5.9%
PDCO	Buy	Patterson Companies, Inc.	$7,140,000	-17.5%	184,735	+0.2%	0.77%	-14.1%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$560,000	+12.2%	2,228	+8.0%	0.06%	+17.3%
XLF	New	Select Sector SPDR TRsbi int-finl	$211,000	–	8,155	–	0.02%	–
XLK	Exit	Select Sector SPDR TRtechnology	$0	–	-6,211	–	-0.04%	–
OMC	Exit	Omnicom Group, Inc.	$0	–	-115,390	–	-1.00%	–
SJM	Exit	J.M. Smucker Company	$0	–	-102,728	–	-1.26%	–
JBHT	Exit	JB Hunt Transport Svcs, Inc.	$0	–	-170,032	–	-1.62%	–
IPG	Exit	Interpublic Group of Cos, Inc.	$0	–	-755,517	–	-1.93%	–

Q2 2017

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp.	$55,193,000	–	800,705	–	5.74%	–
ORCL	New	Oracle Corp.	$44,100,000	–	879,540	–	4.59%	–
ACN	New	Accenture plc Ireland	$41,763,000	–	337,671	–	4.34%	–
UTX	New	United Technologies Corp.	$40,319,000	–	330,183	–	4.19%	–
CSCO	New	Cisco Systems, Inc.	$36,396,000	–	1,162,801	–	3.78%	–
LH	New	Laboratory Corp. of America Hl	$26,466,000	–	171,698	–	2.75%	–
SLB	New	Schlumberger Ltd.	$25,722,000	–	390,674	–	2.68%	–
PEP	New	PepsiCo, Inc.	$25,309,000	–	219,142	–	2.63%	–
BRKB	New	Berkshire Hathaway, Inc.cl b new	$23,752,000	–	140,240	–	2.47%	–
ADP	New	Automatic Data Processing, Inc	$23,538,000	–	229,727	–	2.45%	–
CVS	New	CVS Health Corp.	$22,055,000	–	274,112	–	2.29%	–
WAT	New	Waters Corp.	$21,434,000	–	116,590	–	2.23%	–
ZTS	New	Zoetis, Inc.cl a	$21,411,000	–	343,231	–	2.23%	–
DHR	New	Danaher Corp.	$21,383,000	–	253,379	–	2.22%	–
SYK	New	Stryker Corp.	$21,239,000	–	153,039	–	2.21%	–
SWK	New	Stanley Black & Decker, Inc.	$19,831,000	–	140,915	–	2.06%	–
SCHW	New	Charles Schwab Corp.	$18,665,000	–	434,485	–	1.94%	–
IPG	New	Interpublic Group of Cos, Inc.	$18,586,000	–	755,517	–	1.93%	–
MKL	New	Markel Corp.	$18,333,000	–	18,787	–	1.91%	–
DIS	New	Walt Disney Company	$18,189,000	–	171,191	–	1.89%	–
WDC	New	Western Digital Corp.	$17,626,000	–	198,940	–	1.83%	–
ITW	New	Illinois Tool Works, Inc.	$17,557,000	–	122,562	–	1.83%	–
FTV	New	Fortive Corp.	$17,200,000	–	271,505	–	1.79%	–
LKQ	New	LKQ Corp.	$17,178,000	–	521,323	–	1.79%	–
ENB	New	Enbridge, Inc.	$16,642,000	–	418,048	–	1.73%	–
CCK	New	Crown Holdings, Inc.	$16,476,000	–	276,159	–	1.71%	–
APH	New	Amphenol Corp.cl a	$16,320,000	–	221,085	–	1.70%	–
FIS	New	Fidelity Nat'l Info Services,	$16,307,000	–	190,950	–	1.70%	–
CMCSA	New	Comcast Corp.cl a	$16,089,000	–	413,382	–	1.67%	–
MDLZ	New	Mondelez International, Inc.cl a	$15,968,000	–	369,715	–	1.66%	–
JBHT	New	JB Hunt Transport Svcs, Inc.	$15,538,000	–	170,032	–	1.62%	–
CVX	New	Chevron Corp.	$15,521,000	–	148,773	–	1.61%	–
BDX	New	Becton, Dickinson & Co.	$15,052,000	–	77,148	–	1.56%	–
MDT	New	Medtronic plc	$14,976,000	–	168,747	–	1.56%	–
KO	New	Coca-Cola Company	$14,713,000	–	328,050	–	1.53%	–
NKE	New	Nike, Inc.cl b	$13,987,000	–	237,060	–	1.46%	–
MET	New	MetLife, Inc.	$13,554,000	–	246,705	–	1.41%	–
HSY	New	Hershey Company	$13,115,000	–	122,149	–	1.36%	–
PPG	New	PPG Industries, Inc.	$12,931,000	–	117,600	–	1.34%	–
SJM	New	J.M. Smucker Company	$12,156,000	–	102,728	–	1.26%	–
STE	New	Steris plc	$11,907,000	–	146,098	–	1.24%	–
JNJ	New	Johnson & Johnson	$11,313,000	–	85,520	–	1.18%	–
COL	New	Rockwell Collins, Inc.	$10,604,000	–	100,915	–	1.10%	–
ANTM	New	Anthem, Inc.	$10,205,000	–	54,242	–	1.06%	–
OXY	New	Occidental Petroleum Corp.	$10,112,000	–	168,895	–	1.05%	–
OMC	New	Omnicom Group, Inc.	$9,566,000	–	115,390	–	1.00%	–
COP	New	ConocoPhillips	$9,509,000	–	216,314	–	0.99%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$8,946,000	–	69,671	–	0.93%	–
PDCO	New	Patterson Companies, Inc.	$8,652,000	–	184,285	–	0.90%	–
PG	New	Procter & Gamble Company	$8,484,000	–	97,354	–	0.88%	–
DVN	New	Devon Energy Corp.	$7,853,000	–	245,652	–	0.82%	–
AMZN	New	Amazon Com Inc.	$1,029,000	–	1,063	–	0.11%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$499,000	–	2,063	–	0.05%	–
XLK	New	Select Sector SPDR TRtechnology	$340,000	–	6,211	–	0.04%	–

Q4 2016

			Value		Shares		↓ Weighting
XLK	Exit	Select Sector SPDR TRtechnology	$0	–	-5,048	–	-0.03%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,455	–	-0.04%	–
AMZN	Exit	Amazon Com Inc.	$0	–	-1,063	–	-0.10%	–
GILD	Exit	Gilead Sciences, Inc.	$0	–	-70,806	–	-0.65%	–
ANTM	Exit	Anthem, Inc.	$0	–	-54,934	–	-0.80%	–
RDSA	Exit	Royal Dutch Shell plcspon adr a	$0	–	-149,575	–	-0.87%	–
PG	Exit	Procter & Gamble Company	$0	–	-97,197	–	-1.02%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-67,419	–	-1.02%	–
COP	Exit	ConocoPhillips	$0	–	-221,134	–	-1.12%	–
OMC	Exit	Omnicom Group, Inc.	$0	–	-113,710	–	-1.13%	–
JNJ	Exit	Johnson & Johnson	$0	–	-84,341	–	-1.16%	–
STE	Exit	Steris plc	$0	–	-147,230	–	-1.26%	–
MET	Exit	MetLife, Inc.	$0	–	-243,750	–	-1.26%	–
DVN	Exit	Devon Energy Corp.	$0	–	-255,040	–	-1.31%	–
OXY	Exit	Occidental Petroleum Corp.	$0	–	-162,370	–	-1.38%	–
PPG	Exit	PPG Industries, Inc.	$0	–	-114,940	–	-1.38%	–
ABC	Exit	AmerisourceBergen Corp.	$0	–	-150,227	–	-1.42%	–
HSY	Exit	Hershey Company	$0	–	-127,414	–	-1.42%	–
SJM	Exit	J.M. Smucker Company	$0	–	-99,958	–	-1.58%	–
BDX	Exit	Becton, Dickinson & Co.	$0	–	-76,103	–	-1.60%	–
KO	Exit	Coca-Cola Company	$0	–	-325,560	–	-1.61%	–
CMCSA	Exit	Comcast Corp.cl a	$0	–	-207,736	–	-1.61%	–
MDT	Exit	Medtronic plc	$0	–	-162,837	–	-1.64%	–
ESRX	Exit	Express Scripts Holding Co.	$0	–	-199,518	–	-1.64%	–
JBHT	Exit	JB Hunt Transport Svcs, Inc.	$0	–	-174,010	–	-1.65%	–
FTV	Exit	Fortive Corp.	$0	–	-278,445	–	-1.65%	–
NLSN	Exit	Nielsen Holdings plc	$0	–	-275,464	–	-1.72%	–
APH	Exit	Amphenol Corp.cl a	$0	–	-228,895	–	-1.73%	–
FIS	Exit	Fidelity Nat'l Info Services,	$0	–	-198,865	–	-1.79%	–
CVX	Exit	Chevron Corp.	$0	–	-149,639	–	-1.80%	–
ITW	Exit	Illinois Tool Works, Inc.	$0	–	-131,691	–	-1.84%	–
DIS	Exit	Walt Disney Company	$0	–	-172,478	–	-1.87%	–
MDLZ	Exit	Mondelez International, Inc.cl a	$0	–	-365,992	–	-1.87%	–
CCK	Exit	Crown Holdings, Inc.	$0	–	-283,077	–	-1.88%	–
IPG	Exit	Interpublic Group of Cos, Inc.	$0	–	-762,205	–	-1.99%	–
MKL	Exit	Markel Corp.	$0	–	-18,986	–	-2.06%	–
LKQ	Exit	LKQ Corp.	$0	–	-516,665	–	-2.14%	–
ACN	Exit	Accenture plc	$0	–	-150,829	–	-2.15%	–
SE	Exit	Spectra Energy Corp.	$0	–	-434,761	–	-2.17%	–
WAT	Exit	Waters Corp.	$0	–	-118,086	–	-2.18%	–
DHR	Exit	Danaher Corp.	$0	–	-254,366	–	-2.32%	–
GWW	Exit	W.W. Grainger, Inc.	$0	–	-89,343	–	-2.34%	–
BRKB	Exit	Berkshire Hathaway, Inc.cl b new	$0	–	-143,271	–	-2.41%	–
TJX	Exit	TJX Companies, Inc.	$0	–	-286,763	–	-2.50%	–
PEP	Exit	PepsiCo, Inc.	$0	–	-218,170	–	-2.77%	–
LH	Exit	Laboratory Corp. of America Hl	$0	–	-177,500	–	-2.84%	–
CVS	Exit	CVS Health Corp.	$0	–	-274,918	–	-2.85%	–
SYK	Exit	Stryker Corp.	$0	–	-229,427	–	-3.11%	–
ZTS	Exit	Zoetis, Inc.cl a	$0	–	-547,027	–	-3.32%	–
UTX	Exit	United Technologies Corp.	$0	–	-333,277	–	-3.95%	–
ORCL	Exit	Oracle Corp.	$0	–	-877,394	–	-4.02%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-1,185,986	–	-4.38%	–
MSFT	Exit	Microsoft Corp.	$0	–	-844,023	–	-5.67%	–

Q3 2016

			Value		Shares		↓ Weighting
MSFT	Buy	Microsoft Corp.	$48,616,000	+13.0%	844,023	+0.4%	5.67%	+3.6%
CSCO	Buy	Cisco Systems, Inc.	$37,619,000	+11.5%	1,185,986	+0.8%	4.38%	+2.2%
ORCL	Buy	Oracle Corp.	$34,464,000	-2.2%	877,394	+1.9%	4.02%	-10.4%
UTX	Buy	United Technologies Corp.	$33,861,000	+0.4%	333,277	+1.3%	3.95%	-8.0%
ZTS	Buy	Zoetis, Inc.cl a	$28,451,000	+10.4%	547,027	+0.8%	3.32%	+1.3%
SYK	Buy	Stryker Corp.	$26,708,000	-2.1%	229,427	+0.8%	3.11%	-10.2%
CVS	Buy	CVS Health Corp.	$24,465,000	-5.3%	274,918	+1.9%	2.85%	-13.2%
LH	Buy	Laboratory Corp. of America Hl	$24,403,000	+5.6%	177,500	+0.1%	2.84%	-3.2%
PEP	Buy	PepsiCo, Inc.	$23,730,000	+4.5%	218,170	+1.7%	2.77%	-4.3%
TJX	Buy	TJX Companies, Inc.	$21,444,000	-2.2%	286,763	+1.0%	2.50%	-10.4%
BRKB	Buy	Berkshire Hathaway, Inc.cl b new	$20,698,000	+1.2%	143,271	+1.5%	2.41%	-7.2%
GWW	Buy	W.W. Grainger, Inc.	$20,088,000	+0.7%	89,343	+1.8%	2.34%	-7.6%
DHR	Buy	Danaher Corp.	$19,940,000	-21.0%	254,366	+1.8%	2.32%	-27.6%
WAT	Buy	Waters Corp.	$18,715,000	+14.0%	118,086	+1.2%	2.18%	+4.6%
SE	Buy	Spectra Energy Corp.	$18,586,000	+17.3%	434,761	+0.5%	2.17%	+7.5%
ACN	Buy	Accenture plc	$18,427,000	+9.8%	150,829	+1.8%	2.15%	+0.7%
LKQ	New	LKQ Corp.	$18,321,000	–	516,665	–	2.14%	–
MKL	Buy	Markel Corp.	$17,634,000	-1.1%	18,986	+1.4%	2.06%	-9.3%
IPG	Buy	Interpublic Group of Cos, Inc.	$17,035,000	-1.5%	762,205	+1.8%	1.99%	-9.7%
CCK	Buy	Crown Holdings, Inc.	$16,161,000	+13.6%	283,077	+0.8%	1.88%	+4.1%
MDLZ	Buy	Mondelez International, Inc.cl a	$16,067,000	-1.4%	365,992	+2.2%	1.87%	-9.6%
DIS	Buy	Walt Disney Company	$16,016,000	-2.9%	172,478	+2.2%	1.87%	-11.1%
ITW	Sell	Illinois Tool Works, Inc.	$15,782,000	+14.9%	131,691	-0.2%	1.84%	+5.3%
CVX	Buy	Chevron Corp.	$15,401,000	-1.2%	149,639	+0.6%	1.80%	-9.4%
FIS	Sell	Fidelity Nat'l Info Services,	$15,319,000	+4.4%	198,865	-0.1%	1.79%	-4.3%
APH	Buy	Amphenol Corp.cl a	$14,860,000	+13.6%	228,895	+0.3%	1.73%	+4.1%
NLSN	Buy	Nielsen Holdings plc	$14,757,000	+3.4%	275,464	+0.3%	1.72%	-5.2%
FTV	New	Fortive Corp.	$14,173,000	–	278,445	–	1.65%	–
JBHT	New	JB Hunt Transport Svcs, Inc.	$14,119,000	–	174,010	–	1.65%	–
ESRX	Buy	Express Scripts Holding Co.	$14,072,000	-6.0%	199,518	+1.0%	1.64%	-13.9%
MDT	Sell	Medtronic plc	$14,069,000	-0.6%	162,837	-0.2%	1.64%	-8.9%
CMCSA	New	Comcast Corp.cl a	$13,781,000	–	207,736	–	1.61%	–
KO	Buy	Coca-Cola Company	$13,778,000	-5.4%	325,560	+1.3%	1.61%	-13.3%
BDX	Buy	Becton, Dickinson & Co.	$13,678,000	+6.3%	76,103	+0.3%	1.60%	-2.5%
SJM	Buy	J.M. Smucker Company	$13,548,000	-10.7%	99,958	+0.4%	1.58%	-18.2%
HSY	Sell	Hershey Company	$12,181,000	-16.6%	127,414	-1.0%	1.42%	-23.6%
ABC	Buy	AmerisourceBergen Corp.	$12,135,000	+3.5%	150,227	+1.7%	1.42%	-5.0%
PPG	New	PPG Industries, Inc.	$11,880,000	–	114,940	–	1.38%	–
OXY	Buy	Occidental Petroleum Corp.	$11,840,000	-2.6%	162,370	+0.9%	1.38%	-10.8%
DVN	Buy	Devon Energy Corp.	$11,250,000	+23.2%	255,040	+1.2%	1.31%	+12.9%
MET	Buy	MetLife, Inc.	$10,830,000	+15.3%	243,750	+3.3%	1.26%	+5.7%
STE	Buy	Steris plc	$10,763,000	+7.9%	147,230	+1.5%	1.26%	-1.1%
JNJ	Sell	Johnson & Johnson	$9,963,000	-3.1%	84,341	-0.5%	1.16%	-11.2%
OMC	Buy	Omnicom Group, Inc.	$9,665,000	+5.8%	113,710	+1.4%	1.13%	-3.0%
COP	Buy	ConocoPhillips	$9,613,000	+1.7%	221,134	+2.1%	1.12%	-6.7%
ZBH	Buy	Zimmer Biomet Holdings, Inc.	$8,766,000	+8.6%	67,419	+0.5%	1.02%	-0.5%
PG	Buy	Procter & Gamble Company	$8,723,000	+6.6%	97,197	+0.5%	1.02%	-2.3%
RDSA	Buy	Royal Dutch Shell plcspon adr a	$7,489,000	-8.2%	149,575	+1.3%	0.87%	-15.8%
ANTM	Buy	Anthem, Inc.	$6,884,000	-3.3%	54,934	+1.4%	0.80%	-11.3%
GILD	Buy	Gilead Sciences, Inc.	$5,602,000	-5.1%	70,806	+0.1%	0.65%	-12.9%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$315,000	-1.3%	1,455	-4.4%	0.04%	-9.8%
XLK	Sell	Select Sector SPDR TRtechnology	$241,000	+9.5%	5,048	-0.5%	0.03%	0.0%
EMC	Exit	EMC Corp.	$0	–	-715,676	–	-2.47%	–

Q2 2016

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp.	$43,005,000	–	840,435	–	5.47%	–
ORCL	New	Oracle Corp.	$35,249,000	–	861,202	–	4.48%	–
CSCO	New	Cisco Systems, Inc.	$33,751,000	–	1,176,410	–	4.29%	–
UTX	New	United Technologies Corp.	$33,739,000	–	328,998	–	4.29%	–
SYK	New	Stryker Corp.	$27,268,000	–	227,558	–	3.47%	–
CVS	New	CVS Health Corp.	$25,833,000	–	269,826	–	3.28%	–
ZTS	New	Zoetis, Inc.cl a	$25,761,000	–	542,792	–	3.28%	–
DHR	New	Danaher Corp.	$25,247,000	–	249,970	–	3.21%	–
LH	New	Laboratory Corp. of America Hl	$23,103,000	–	177,344	–	2.94%	–
PEP	New	PepsiCo, Inc.	$22,719,000	–	214,453	–	2.89%	–
TJX	New	TJX Companies, Inc.	$21,936,000	–	284,038	–	2.79%	–
BRKB	New	Berkshire Hathaway Inc DELcl b new	$20,447,000	–	141,220	–	2.60%	–
GWW	New	W.W. Grainger, Inc.	$19,940,000	–	87,745	–	2.54%	–
EMC	New	EMC Corp.	$19,445,000	–	715,676	–	2.47%	–
MKL	New	Markel Corp.	$17,836,000	–	18,720	–	2.27%	–
IPG	New	Interpublic Group of Cos, Inc.	$17,299,000	–	748,891	–	2.20%	–
ACN	New	Accenture plc Ireland	$16,780,000	–	148,117	–	2.13%	–
DIS	New	Walt Disney Company	$16,502,000	–	168,696	–	2.10%	–
WAT	New	Waters Corp.	$16,410,000	–	116,675	–	2.09%	–
MDLZ	New	Mondelez International, Inc.cl a	$16,299,000	–	358,150	–	2.07%	–
SE	New	Spectra Energy Corp.	$15,846,000	–	432,587	–	2.02%	–
CVX	New	Chevron Corp.	$15,586,000	–	148,683	–	1.98%	–
SJM	New	J.M. Smucker Company	$15,179,000	–	99,595	–	1.93%	–
ESRX	New	Express Scripts Holding Co.	$14,968,000	–	197,473	–	1.90%	–
FIS	New	Fidelity Nat'l Info Services,	$14,672,000	–	199,127	–	1.87%	–
HSY	New	Hershey Company	$14,609,000	–	128,725	–	1.86%	–
KO	New	Coca-Cola Company	$14,568,000	–	321,375	–	1.85%	–
NLSN	New	Nielsen Holdings plc	$14,275,000	–	274,674	–	1.82%	–
CCK	New	Crown Holdings, Inc.	$14,230,000	–	280,827	–	1.81%	–
MDT	New	Medtronic plc	$14,155,000	–	163,132	–	1.80%	–
ITW	New	Illinois Tool Works, Inc.	$13,740,000	–	131,916	–	1.75%	–
APH	New	Amphenol Corp.cl a	$13,084,000	–	228,215	–	1.66%	–
BDX	New	Becton, Dickinson & Co.	$12,865,000	–	75,862	–	1.64%	–
OXY	New	Occidental Petroleum Corp.	$12,161,000	–	160,950	–	1.55%	–
ABC	New	AmerisourceBergen Corp.	$11,719,000	–	147,740	–	1.49%	–
JNJ	New	Johnson & Johnson	$10,281,000	–	84,760	–	1.31%	–
STE	New	Steris plc	$9,975,000	–	145,095	–	1.27%	–
COP	New	ConocoPhillips	$9,448,000	–	216,687	–	1.20%	–
MET	New	MetLife, Inc.	$9,396,000	–	235,915	–	1.20%	–
OMC	New	Omnicom Group, Inc.	$9,139,000	–	112,145	–	1.16%	–
DVN	New	Devon Energy Corp.	$9,132,000	–	251,919	–	1.16%	–
PG	New	Procter & Gamble Company	$8,186,000	–	96,680	–	1.04%	–
RDSA	New	Royal Dutch Shell plcspon adr a	$8,154,000	–	147,665	–	1.04%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$8,075,000	–	67,079	–	1.03%	–
ANTM	New	Anthem, Inc.	$7,117,000	–	54,191	–	0.90%	–
GILD	New	Gilead Sciences, Inc.	$5,901,000	–	70,741	–	0.75%	–
AMZN	New	Amazon Com Inc.	$761,000	–	1,063	–	0.10%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$319,000	–	1,522	–	0.04%	–
XLK	New	Select Sector SPDR TRtechnology	$220,000	–	5,073	–	0.03%	–

Q4 2015

			Value		Shares		↓ Weighting
KERX	Exit	Keryx Biopharmaceuticals Inc.	$0	–	-10,000	–	-0.01%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,127	–	-0.03%	–
XLK	Exit	Select Sector SPDR TRtechnology	$0	–	-6,550	–	-0.04%	–
AMZN	Exit	Amazon Com Inc.	$0	–	-1,063	–	-0.08%	–
GILD	Exit	Gilead Sciences, Inc.	$0	–	-69,181	–	-0.95%	–
PG	Exit	Procter & Gamble Company	$0	–	-98,445	–	-0.99%	–
RDSA	Exit	Royal Dutch Shell plcspons adr a	$0	–	-151,050	–	-1.00%	–
OMC	Exit	Omnicom Group Inc.	$0	–	-117,045	–	-1.08%	–
JNJ	Exit	Johnson & Johnson	$0	–	-84,478	–	-1.10%	–
MRO	Exit	Marathon Oil Corp.	$0	–	-535,492	–	-1.16%	–
KMI	Exit	Kinder Morgan, Inc.	$0	–	-336,836	–	-1.31%	–
DVN	Exit	Devon Energy Corp.	$0	–	-253,916	–	-1.32%	–
COP	Exit	ConocoPhillips	$0	–	-217,836	–	-1.46%	–
OXY	Exit	Occidental Petroleum Corp.	$0	–	-163,608	–	-1.52%	–
MDT	Exit	Medtronic plc	$0	–	-165,387	–	-1.55%	–
WMT	Exit	Wal-Mart Stores, Inc.	$0	–	-172,931	–	-1.57%	–
MET	Exit	MetLife Inc.	$0	–	-237,705	–	-1.57%	–
ITW	Exit	Illinois Tool Works Inc.	$0	–	-138,411	–	-1.60%	–
SE	Exit	Spectra Energy Corp.	$0	–	-438,212	–	-1.61%	–
RMD	Exit	ResMed Inc.	$0	–	-226,148	–	-1.61%	–
CVX	Exit	Chevron Corp.	$0	–	-150,454	–	-1.66%	–
HSY	Exit	The Hershey Company	$0	–	-130,515	–	-1.68%	–
APH	Exit	Amphenol Corp.cl a	$0	–	-242,110	–	-1.73%	–
NLSN	Exit	Nielsen Holdings plc	$0	–	-291,219	–	-1.81%	–
KO	Exit	Coca-Cola Company	$0	–	-323,893	–	-1.82%	–
CCK	Exit	Crown Holdings, Inc.	$0	–	-284,103	–	-1.82%	–
FIS	Exit	Fidelity Nat'l Info Services,	$0	–	-204,907	–	-1.92%	–
WAT	Exit	Waters Corp.	$0	–	-118,004	–	-1.95%	–
ABC	Exit	AmerisourceBergen Corp.	$0	–	-152,445	–	-2.03%	–
IPG	Exit	Interpublic Group of Cos, Inc.	$0	–	-769,065	–	-2.06%	–
ANTM	Exit	Anthem, Inc.	$0	–	-105,481	–	-2.07%	–
ACN	Exit	Accenture plc IRELAND	$0	–	-152,290	–	-2.10%	–
MDLZ	Exit	Mondelez International, Inc.cl a	$0	–	-370,799	–	-2.17%	–
EMC	Exit	EMC Corp.	$0	–	-714,740	–	-2.42%	–
DIS	Exit	Walt Disney Company	$0	–	-173,252	–	-2.48%	–
GWW	Exit	W.W. Grainger, Inc.	$0	–	-87,924	–	-2.65%	–
LH	Exit	Laboratory Corp. of America Hl	$0	–	-180,639	–	-2.74%	–
TJX	Exit	TJX Companies, Inc.	$0	–	-288,741	–	-2.89%	–
PEP	Exit	PepsiCo, Inc.	$0	–	-218,771	–	-2.89%	–
DHR	Exit	Danaher Corp.	$0	–	-254,436	–	-3.04%	–
SYK	Exit	Stryker Corp.	$0	–	-234,072	–	-3.08%	–
QCOM	Exit	Qualcomm Inc.	$0	–	-431,601	–	-3.25%	–
ZTS	Exit	Zoetis Inc.cl a	$0	–	-569,243	–	-3.28%	–
MKL	Exit	Markel Corp.	$0	–	-31,538	–	-3.54%	–
ESRX	Exit	Express Scripts Holding Co.	$0	–	-322,582	–	-3.66%	–
CVS	Exit	CVS Health Corp.	$0	–	-279,948	–	-3.78%	–
UTX	Exit	United Technologies Corp.	$0	–	-326,841	–	-4.07%	–
ORCL	Exit	Oracle Corp.	$0	–	-866,379	–	-4.38%	–
MSFT	Exit	Microsoft Corp.	$0	–	-882,686	–	-5.47%	–

Q3 2015

			Value		Shares		↓ Weighting
MSFT	Sell	Microsoft Corp.	$39,068,000	-0.5%	882,686	-0.8%	5.47%	+14.6%
ORCL	Buy	Oracle Corp.	$31,294,000	-9.6%	866,379	+0.8%	4.38%	+4.1%
UTX	Buy	United Technologies Corp.	$29,086,000	-18.7%	326,841	+1.4%	4.07%	-6.3%
CVS	Buy	CVS Health Corp.	$27,009,000	-8.0%	279,948	+0.1%	3.78%	+6.1%
ESRX	Buy	Express Scripts Holding Co.	$26,116,000	-8.5%	322,582	+0.5%	3.66%	+5.4%
MKL	Sell	Markel Corp.	$25,289,000	-0.0%	31,538	-0.2%	3.54%	+15.2%
ZTS	Sell	Zoetis Inc.cl a	$23,441,000	-15.2%	569,243	-0.8%	3.28%	-2.3%
QCOM	Buy	Qualcomm Inc.	$23,190,000	-13.8%	431,601	+0.5%	3.25%	-0.6%
SYK	Buy	Stryker Corp.	$22,026,000	-1.2%	234,072	+0.4%	3.08%	+13.9%
DHR	Buy	Danaher Corp.	$21,681,000	-0.3%	254,436	+0.2%	3.04%	+14.9%
PEP	Buy	PepsiCo, Inc.	$20,630,000	+1.9%	218,771	+0.9%	2.89%	+17.4%
TJX	Buy	TJX Companies, Inc.	$20,622,000	+8.3%	288,741	+0.4%	2.89%	+24.9%
LH	Sell	Laboratory Corp. of America Hl	$19,594,000	-10.7%	180,639	-0.2%	2.74%	+2.9%
GWW	Buy	W.W. Grainger, Inc.	$18,905,000	-8.4%	87,924	+0.8%	2.65%	+5.5%
DIS	Sell	Walt Disney Company	$17,706,000	-11.1%	173,252	-0.7%	2.48%	+2.5%
EMC	Buy	EMC Corp.	$17,268,000	-7.3%	714,740	+1.3%	2.42%	+6.8%
MDLZ	Buy	Mondelez International, Inc.cl a	$15,525,000	+2.0%	370,799	+0.2%	2.17%	+17.6%
ACN	Buy	Accenture plc IRELAND	$14,964,000	+1.9%	152,290	+0.4%	2.10%	+17.5%
ANTM	Sell	Anthem, Inc.	$14,767,000	-16.9%	105,481	-2.6%	2.07%	-4.3%
IPG	Sell	Interpublic Group of Cos, Inc.	$14,712,000	-0.9%	769,065	-0.1%	2.06%	+14.2%
ABC	Sell	AmerisourceBergen Corp.	$14,481,000	-15.0%	152,445	-4.8%	2.03%	-2.0%
WAT	Sell	Waters Corp.	$13,949,000	-8.0%	118,004	-0.0%	1.95%	+6.0%
FIS	Sell	Fidelity Nat'l Info Services,	$13,745,000	+4.2%	204,907	-4.0%	1.92%	+20.1%
KO	Sell	Coca-Cola Company	$12,995,000	+0.7%	323,893	-1.6%	1.82%	+16.1%
CCK	Buy	Crown Holdings, Inc.	$12,998,000	-13.5%	284,103	+0.0%	1.82%	-0.3%
NLSN	New	Nielsen Holdings plc	$12,951,000	–	291,219	–	1.81%	–
APH	Sell	Amphenol Corp.cl a	$12,338,000	-14.5%	242,110	-2.7%	1.73%	-1.4%
HSY	New	The Hershey Company	$11,992,000	–	130,515	–	1.68%	–
CVX	Buy	Chevron Corp.	$11,868,000	-17.0%	150,454	+1.5%	1.66%	-4.4%
RMD	Sell	ResMed Inc.	$11,525,000	-12.1%	226,148	-2.7%	1.61%	+1.3%
SE	Buy	Spectra Energy Corp.	$11,512,000	-18.0%	438,212	+1.8%	1.61%	-5.5%
ITW	Sell	Illinois Tool Works Inc.	$11,393,000	-12.6%	138,411	-2.6%	1.60%	+0.6%
MET	Sell	MetLife Inc.	$11,208,000	-17.2%	237,705	-1.6%	1.57%	-4.5%
WMT	Buy	Wal-Mart Stores, Inc.	$11,213,000	-7.8%	172,931	+0.8%	1.57%	+6.2%
MDT	Sell	Medtronic plc	$11,071,000	-11.9%	165,387	-2.5%	1.55%	+1.5%
OXY	Sell	Occidental Petroleum Corp.	$10,823,000	-15.6%	163,608	-0.8%	1.52%	-2.8%
COP	Sell	ConocoPhillips	$10,447,000	-23.0%	217,836	-1.4%	1.46%	-11.3%
DVN	Buy	Devon Energy Corp.	$9,418,000	-36.3%	253,916	+2.2%	1.32%	-26.6%
KMI	Sell	Kinder Morgan, Inc.	$9,324,000	-28.6%	336,836	-0.9%	1.31%	-17.7%
MRO	Buy	Marathon Oil Corp.	$8,247,000	-41.3%	535,492	+1.2%	1.16%	-32.3%
JNJ	Sell	Johnson & Johnson	$7,886,000	-5.7%	84,478	-1.6%	1.10%	+8.7%
OMC	Sell	Omnicom Group Inc.	$7,713,000	-6.5%	117,045	-1.4%	1.08%	+7.8%
RDSA	Sell	Royal Dutch Shell plcspons adr a	$7,158,000	-17.6%	151,050	-0.9%	1.00%	-5.1%
PG	Sell	Procter & Gamble Company	$7,082,000	-8.2%	98,445	-0.2%	0.99%	+5.8%
GILD	Sell	Gilead Sciences, Inc.	$6,793,000	-16.7%	69,181	-0.7%	0.95%	-4.0%
XLK	Sell	Select Sector SPDR TRtechnology	$259,000	-15.1%	6,550	-11.1%	0.04%	-2.7%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$216,000	-28.7%	1,127	-23.5%	0.03%	-18.9%
KERX	New	Keryx Biopharmaceuticals Inc.	$35,000	–	10,000	–	0.01%	–
GIS	Exit	General Mills, Inc.	$0	–	-6,185	–	-0.04%	–
SIAL	Exit	Sigma-Aldrich Corp.	$0	–	-2,940	–	-0.05%	–
VIAB	Exit	Viacom Inc. Class B	$0	–	-151,382	–	-1.19%	–
ALL	Exit	Allstate Corp.	$0	–	-194,172	–	-1.53%	–
NLSN	Exit	Nielsen N.V.	$0	–	-299,709	–	-1.63%	–
BBT	Exit	BB&T Corp.	$0	–	-520,340	–	-2.55%	–

Q2 2015

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp.	$39,265,000	–	889,360	–	4.77%	–
UTX	New	United Technologies Corp.	$35,770,000	–	322,453	–	4.35%	–
ORCL	New	Oracle Corp.	$34,636,000	–	859,453	–	4.21%	–
CVS	New	CVS Health Corp.	$29,346,000	–	279,805	–	3.57%	–
ESRX	New	Express Scripts Holding Co.	$28,539,000	–	320,877	–	3.47%	–
ZTS	New	Zoetis Inc.	$27,658,000	–	573,580	–	3.36%	–
QCOM	New	Qualcomm Inc.	$26,890,000	–	429,342	–	3.27%	–
MKL	New	Markel Corp.	$25,293,000	–	31,589	–	3.07%	–
SYK	New	Stryker Corp.	$22,283,000	–	233,161	–	2.71%	–
LH	New	Laboratory Corp. of America Hl	$21,949,000	–	181,069	–	2.67%	–
DHR	New	Danaher Corp.	$21,742,000	–	254,024	–	2.64%	–
BBT	New	BB&T Corp.	$20,975,000	–	520,340	–	2.55%	–
GWW	New	W.W. Grainger, Inc.	$20,647,000	–	87,245	–	2.51%	–
PEP	New	PepsiCo, Inc.	$20,247,000	–	216,912	–	2.46%	–
DIS	New	Walt Disney Company	$19,906,000	–	174,402	–	2.42%	–
TJX	New	TJX Companies, Inc.	$19,033,000	–	287,639	–	2.31%	–
EMC	New	EMC Corp.	$18,625,000	–	705,761	–	2.26%	–
ANTM	New	Anthem, Inc.	$17,770,000	–	108,261	–	2.16%	–
ABC	New	AmerisourceBergen Corp.	$17,029,000	–	160,135	–	2.07%	–
MDLZ	New	Mondelez International, Inc.	$15,219,000	–	369,927	–	1.85%	–
WAT	New	Waters Corp.	$15,156,000	–	118,056	–	1.84%	–
CCK	New	Crown Holdings, Inc.	$15,028,000	–	284,023	–	1.83%	–
IPG	New	Interpublic Group of Cos, Inc.	$14,841,000	–	770,181	–	1.80%	–
DVN	New	Devon Energy Corp.	$14,783,000	–	248,501	–	1.80%	–
ACN	New	Accenture plc	$14,682,000	–	151,710	–	1.78%	–
APH	New	Amphenol Corp.	$14,425,000	–	248,840	–	1.75%	–
CVX	New	Chevron Corp.	$14,304,000	–	148,276	–	1.74%	–
MRO	New	Marathon Oil Corp.	$14,040,000	–	529,029	–	1.71%	–
SE	New	Spectra Energy Corp.	$14,033,000	–	430,457	–	1.70%	–
COP	New	ConocoPhillips	$13,574,000	–	221,032	–	1.65%	–
MET	New	MetLife Inc.	$13,530,000	–	241,650	–	1.64%	–
NLSN	New	Nielsen N.V.	$13,418,000	–	299,709	–	1.63%	–
FIS	New	Fidelity Nat'l Info Services,	$13,187,000	–	213,377	–	1.60%	–
RMD	New	ResMed Inc.	$13,108,000	–	232,528	–	1.59%	–
KMI	New	Kinder Morgan, Inc.	$13,050,000	–	339,931	–	1.59%	–
ITW	New	Illinois Tool Works Inc.	$13,042,000	–	142,081	–	1.58%	–
KO	New	Coca-Cola Company	$12,906,000	–	328,993	–	1.57%	–
OXY	New	Occidental Petroleum Corp.	$12,830,000	–	164,968	–	1.56%	–
ALL	New	Allstate Corp.	$12,596,000	–	194,172	–	1.53%	–
MDT	New	Medtronic plc	$12,565,000	–	169,567	–	1.53%	–
WMT	New	Wal-Mart Stores, Inc.	$12,165,000	–	171,506	–	1.48%	–
VIAB	New	Viacom Inc. Class B	$9,785,000	–	151,382	–	1.19%	–
RDSA	New	Royal Dutch Shell plc	$8,692,000	–	152,470	–	1.06%	–
JNJ	New	Johnson & Johnson	$8,363,000	–	85,813	–	1.02%	–
OMC	New	Omnicom Group Inc.	$8,248,000	–	118,690	–	1.00%	–
GILD	New	Gilead Sciences, Inc.	$8,158,000	–	69,678	–	0.99%	–
PG	New	Procter & Gamble Company	$7,718,000	–	98,645	–	0.94%	–
AMZN	New	Amazon Com Inc.	$461,000	–	1,063	–	0.06%	–
SIAL	New	Sigma-Aldrich Corp.	$410,000	–	2,940	–	0.05%	–
GIS	New	General Mills, Inc.	$345,000	–	6,185	–	0.04%	–
XLK	New	Technology SPDRuit	$305,000	–	7,365	–	0.04%	–
SPY	New	SPDR Trust Unit SR 1uit	$303,000	–	1,473	–	0.04%	–

Q4 2014

			Value		Shares		↓ Weighting
XLV	Exit	Select Sector SPDR TRsbi healthcare	$0	–	-3,566	–	-0.03%	–
AMZN	Exit	Amazon Com Inc.	$0	–	-1,063	–	-0.04%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,851	–	-0.05%	–
XLK	Exit	Select Sector SPDR TRtechnology	$0	–	-11,435	–	-0.06%	–
OMC	Exit	Omnicom Group Inc.	$0	–	-112,805	–	-0.99%	–
PG	Exit	Procter & Gamble Company	$0	–	-93,255	–	-0.99%	–
MDT	Exit	Medtronic, Inc.	$0	–	-161,078	–	-1.27%	–
VIAB	Exit	Viacom Inc. Class Bcl b	$0	–	-135,360	–	-1.32%	–
RDSA	Exit	Royal Dutch Shell plcspon adr a	$0	–	-139,345	–	-1.35%	–
K	Exit	Kellogg Company	$0	–	-173,491	–	-1.36%	–
QCOM	Exit	Qualcomm Inc.	$0	–	-145,451	–	-1.38%	–
GOLD	Exit	Barrick Gold Corp.	$0	–	-762,681	–	-1.42%	–
WAT	Exit	Waters Corp.	$0	–	-113,895	–	-1.44%	–
OXY	Exit	Occidental Petroleum Corp.	$0	–	-120,256	–	-1.47%	–
ACN	Exit	Accenture plc	$0	–	-143,614	–	-1.49%	–
ITW	Exit	Illinois Tool Works Inc.	$0	–	-140,496	–	-1.51%	–
MDLZ	Exit	Mondelez International, Inc.cl a	$0	–	-353,226	–	-1.54%	–
CCK	Exit	Crown Holdings, Inc.	$0	–	-272,988	–	-1.55%	–
RMD	Exit	ResMed Inc.	$0	–	-247,695	–	-1.55%	–
WMT	Exit	Wal-Mart Stores, Inc.	$0	–	-161,236	–	-1.57%	–
KMI	Exit	Kinder Morgan, Inc.	$0	–	-325,970	–	-1.59%	–
FIS	Exit	Fidelity Nat'l Info Services,	$0	–	-222,032	–	-1.59%	–
WFC	Exit	Wells Fargo & Company	$0	–	-242,436	–	-1.60%	–
APH	Exit	Amphenol Corp.cl a	$0	–	-126,460	–	-1.61%	–
ALL	Exit	Allstate Corp.	$0	–	-207,900	–	-1.62%	–
KO	Exit	Coca-Cola Company	$0	–	-302,518	–	-1.64%	–
V107SC	Exit	WellPoint, Inc.	$0	–	-116,741	–	-1.78%	–
IPG	Exit	Interpublic Group of Cos, Inc.	$0	–	-763,840	–	-1.78%	–
GG	Exit	Goldcorp Inc.	$0	–	-608,310	–	-1.78%	–
ABC	Exit	AmerisourceBergen Corp.	$0	–	-196,015	–	-1.93%	–
SE	Exit	Spectra Energy Corp.	$0	–	-387,331	–	-1.94%	–
DVN	Exit	Devon Energy Corp.	$0	–	-228,996	–	-1.99%	–
COP	Exit	ConocoPhillips	$0	–	-204,143	–	-1.99%	–
TJX	Exit	TJX Companies, Inc.	$0	–	-264,684	–	-1.99%	–
DIS	Exit	Walt Disney Company	$0	–	-177,291	–	-2.01%	–
CVX	Exit	Chevron Corp.	$0	–	-135,642	–	-2.06%	–
JNJ	Exit	Johnson & Johnson	$0	–	-155,367	–	-2.11%	–
MRO	Exit	Marathon Oil Corp.	$0	–	-468,611	–	-2.24%	–
LH	Exit	Laboratory Corp Amer HLDGS	$0	–	-173,959	–	-2.25%	–
GIS	Exit	General Mills, Inc.	$0	–	-352,728	–	-2.26%	–
BBT	Exit	BB&T Corp.	$0	–	-484,504	–	-2.29%	–
SYK	Exit	Stryker Corp.	$0	–	-227,378	–	-2.34%	–
DHR	Exit	Danaher Corp.	$0	–	-244,592	–	-2.36%	–
MKL	Exit	Markel Corp.	$0	–	-29,705	–	-2.40%	–
EMC	Exit	EMC Corp.	$0	–	-655,179	–	-2.44%	–
PEP	Exit	PepsiCo, Inc.	$0	–	-207,625	–	-2.46%	–
ZTS	Exit	Zoetis Inc.cl a	$0	–	-581,856	–	-2.74%	–
ESRX	Exit	Express Scripts Holding Co.	$0	–	-304,802	–	-2.74%	–
CVS	Exit	CVS Caremark Corp.	$0	–	-291,898	–	-2.96%	–
ORCL	Exit	Oracle Corp.	$0	–	-821,037	–	-4.00%	–
SIAL	Exit	Sigma-Aldrich Corp.	$0	–	-232,326	–	-4.02%	–
UTX	Exit	United Technologies Corp.	$0	–	-302,644	–	-4.07%	–
MSFT	Exit	Microsoft Corp.	$0	–	-858,797	–	-5.06%	–

Q3 2014

			Value		Shares		↓ Weighting
MSFT	Sell	Microsoft Corp.	$39,814,000	+9.6%	858,797	-1.5%	5.06%	+14.3%
UTX	Buy	United Technologies Corp.	$31,959,000	-7.1%	302,644	+1.6%	4.07%	-3.1%
SIAL	Buy	Sigma-Aldrich Corp.	$31,599,000	+34.2%	232,326	+0.2%	4.02%	+40.1%
ORCL	Buy	Oracle Corp.	$31,429,000	-4.3%	821,037	+1.4%	4.00%	-0.1%
CVS	Buy	CVS Caremark Corp.	$23,232,000	+6.1%	291,898	+0.5%	2.96%	+10.7%
ESRX	Buy	Express Scripts Holding Co.	$21,528,000	+3.1%	304,802	+1.2%	2.74%	+7.6%
ZTS	Buy	Zoetis Inc.cl a	$21,500,000	+15.7%	581,856	+1.0%	2.74%	+20.7%
PEP	Buy	PepsiCo, Inc.	$19,328,000	+5.7%	207,625	+1.4%	2.46%	+10.3%
EMC	Buy	EMC Corp.	$19,171,000	+12.8%	655,179	+1.5%	2.44%	+17.7%
MKL	Buy	Markel Corp.	$18,897,000	-0.7%	29,705	+2.3%	2.40%	+3.6%
DHR	Buy	Danaher Corp.	$18,584,000	-1.5%	244,592	+2.0%	2.36%	+2.7%
SYK	Buy	Stryker Corp.	$18,361,000	-3.1%	227,378	+1.2%	2.34%	+1.1%
BBT	Buy	BB&T Corp.	$18,028,000	-3.7%	484,504	+2.1%	2.29%	+0.5%
GIS	Buy	General Mills, Inc.	$17,795,000	-1.0%	352,728	+3.1%	2.26%	+3.3%
LH	Buy	Laboratory Corp Amer HLDGS	$17,700,000	+2.7%	173,959	+3.4%	2.25%	+7.2%
MRO	Buy	Marathon Oil Corp.	$17,615,000	-4.5%	468,611	+1.4%	2.24%	-0.4%
JNJ	Sell	Johnson & Johnson	$16,561,000	+0.7%	155,367	-1.2%	2.11%	+5.0%
CVX	Buy	Chevron Corp.	$16,185,000	-6.1%	135,642	+2.7%	2.06%	-2.0%
DIS	Buy	Walt Disney Company	$15,784,000	+4.3%	177,291	+0.4%	2.01%	+8.8%
TJX	Buy	TJX Companies, Inc.	$15,661,000	+15.1%	264,684	+3.4%	1.99%	+20.1%
COP	Sell	ConocoPhillips	$15,621,000	-12.0%	204,143	-1.4%	1.99%	-8.2%
DVN	Buy	Devon Energy Corp.	$15,613,000	-12.0%	228,996	+2.5%	1.99%	-8.2%
SE	Buy	Spectra Energy Corp.	$15,207,000	-6.3%	387,331	+1.4%	1.94%	-2.2%
ABC	Sell	AmerisourceBergen Corp.	$15,152,000	+1.4%	196,015	-4.7%	1.93%	+5.8%
GG	Buy	Goldcorp Inc.	$14,009,000	-16.9%	608,310	+0.7%	1.78%	-13.3%
IPG	Buy	Interpublic Group of Cos, Inc.	$13,994,000	-5.2%	763,840	+1.0%	1.78%	-1.1%
V107SC	Sell	WellPoint, Inc.	$13,965,000	+4.7%	116,741	-5.8%	1.78%	+9.2%
KO	Buy	Coca-Cola Company	$12,905,000	+1.0%	302,518	+0.3%	1.64%	+5.4%
ALL	Sell	Allstate Corp.	$12,759,000	+3.6%	207,900	-0.9%	1.62%	+8.1%
APH	Sell	Amphenol Corp.cl a	$12,628,000	+1.7%	126,460	-1.9%	1.61%	+6.1%
WFC	Sell	Wells Fargo & Company	$12,575,000	-3.0%	242,436	-1.7%	1.60%	+1.3%
FIS	Sell	Fidelity Nat'l Info Services,	$12,500,000	+0.2%	222,032	-2.5%	1.59%	+4.6%
KMI	Sell	Kinder Morgan, Inc.	$12,498,000	+5.4%	325,970	-0.3%	1.59%	+10.0%
WMT	Buy	Wal-Mart Stores, Inc.	$12,330,000	+2.4%	161,236	+0.5%	1.57%	+6.9%
RMD	Sell	ResMed Inc.	$12,204,000	-3.0%	247,695	-0.3%	1.55%	+1.2%
CCK	Buy	Crown Holdings, Inc.	$12,153,000	-8.8%	272,988	+2.0%	1.55%	-4.8%
MDLZ	Buy	Mondelez International, Inc.cl a	$12,103,000	-8.0%	353,226	+1.0%	1.54%	-4.0%
ITW	Sell	Illinois Tool Works Inc.	$11,861,000	-4.6%	140,496	-1.1%	1.51%	-0.5%
ACN	Buy	Accenture plc	$11,679,000	+4.0%	143,614	+3.4%	1.49%	+8.5%
OXY	Sell	Occidental Petroleum Corp.	$11,563,000	-6.8%	120,256	-0.5%	1.47%	-2.7%
WAT	Buy	Waters Corp.	$11,289,000	-2.5%	113,895	+2.8%	1.44%	+1.8%
GOLD	Buy	Barrick Gold Corp.	$11,181,000	-18.1%	762,681	+2.2%	1.42%	-14.6%
QCOM	Buy	Qualcomm Inc.	$10,875,000	-4.9%	145,451	+0.7%	1.38%	-0.8%
K	Buy	Kellogg Company	$10,687,000	-5.8%	173,491	+0.4%	1.36%	-1.7%
RDSA	Buy	Royal Dutch Shell plcspon adr a	$10,608,000	-7.3%	139,345	+0.3%	1.35%	-3.2%
VIAB	Buy	Viacom Inc. Class Bcl b	$10,415,000	-11.1%	135,360	+0.2%	1.32%	-7.3%
MDT	Sell	Medtronic, Inc.	$9,979,000	-5.2%	161,078	-2.5%	1.27%	-1.1%
PG	Buy	Procter & Gamble Company	$7,809,000	+6.7%	93,255	+0.1%	0.99%	+11.3%
OMC	Sell	Omnicom Group Inc.	$7,768,000	-3.8%	112,805	-0.6%	0.99%	+0.3%
XLK	Buy	Select Sector SPDR TRtechnology	$456,000	+68.3%	11,435	+61.9%	0.06%	+75.8%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$365,000	0.0%	1,851	-0.6%	0.05%	+2.2%
XLV	New	Select Sector SPDR TRsbi healthcare	$228,000	–	3,566	–	0.03%	–
VZ	Exit	Verizon Communications Inc.	$0	–	-79,415	–	-0.47%	–
HWC	Exit	Hancock Holding Company	$0	–	-202,450	–	-0.87%	–
AON	Exit	Aon plc	$0	–	-245,057	–	-2.69%	–

Q2 2014

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp.	$36,343,000	–	871,542	–	4.43%	–
UTX	New	United Technologies Corp.	$34,403,000	–	297,992	–	4.20%	–
ORCL	New	Oracle Corp.	$32,827,000	–	809,951	–	4.00%	–
SIAL	New	Sigma-Aldrich Corp.	$23,539,000	–	231,956	–	2.87%	–
AON	New	Aon plc	$22,077,000	–	245,057	–	2.69%	–
CVS	New	CVS Caremark Corp.	$21,899,000	–	290,547	–	2.67%	–
ESRX	New	Express Scripts Holding Co.	$20,880,000	–	301,172	–	2.55%	–
MKL	New	Markel Corp.	$19,037,000	–	29,036	–	2.32%	–
SYK	New	Stryker Corp.	$18,945,000	–	224,677	–	2.31%	–
DHR	New	Danaher Corp.	$18,876,000	–	239,761	–	2.30%	–
BBT	New	BB&T Corp.	$18,714,000	–	474,606	–	2.28%	–
ZTS	New	Zoetis Inc.cl a	$18,586,000	–	575,950	–	2.27%	–
MRO	New	Marathon Oil Corp.	$18,443,000	–	461,988	–	2.25%	–
PEP	New	PepsiCo, Inc.	$18,284,000	–	204,658	–	2.23%	–
GIS	New	General Mills, Inc.	$17,974,000	–	342,104	–	2.19%	–
COP	New	ConocoPhillips	$17,749,000	–	207,039	–	2.16%	–
DVN	New	Devon Energy Corp.	$17,738,000	–	223,400	–	2.16%	–
CVX	New	Chevron Corp.	$17,241,000	–	132,065	–	2.10%	–
LH	New	Laboratory Corp. of America Hl	$17,235,000	–	168,314	–	2.10%	–
EMC	New	EMC Corp.	$16,997,000	–	645,281	–	2.07%	–
GG	New	Goldcorp Inc.	$16,862,000	–	604,160	–	2.06%	–
JNJ	New	Johnson & Johnson	$16,450,000	–	157,237	–	2.01%	–
SE	New	Spectra Energy Corp.	$16,222,000	–	381,873	–	1.98%	–
DIS	New	Walt Disney Company	$15,137,000	–	176,543	–	1.85%	–
ABC	New	AmerisourceBergen Corp.	$14,942,000	–	205,640	–	1.82%	–
IPG	New	Interpublic Group of Cos, Inc.	$14,759,000	–	756,481	–	1.80%	–
GOLD	New	Barrick Gold Corp.	$13,660,000	–	746,446	–	1.66%	–
TJX	New	TJX Companies, Inc.	$13,607,000	–	256,013	–	1.66%	–
V107SC	New	WellPoint, Inc.	$13,341,000	–	123,971	–	1.63%	–
CCK	New	Crown Holdings, Inc.	$13,319,000	–	267,658	–	1.62%	–
MDLZ	New	Mondelez International, Inc.cl a	$13,153,000	–	349,708	–	1.60%	–
WFC	New	Wells Fargo & Company	$12,960,000	–	246,581	–	1.58%	–
KO	New	Coca-Cola Company	$12,781,000	–	301,718	–	1.56%	–
RMD	New	ResMed Inc.	$12,581,000	–	248,495	–	1.53%	–
FIS	New	Fidelity Nat'l Info Services,	$12,469,000	–	227,790	–	1.52%	–
ITW	New	Illinois Tool Works Inc.	$12,435,000	–	142,016	–	1.52%	–
APH	New	Amphenol Corp.cl a	$12,416,000	–	128,880	–	1.51%	–
OXY	New	Occidental Petroleum Corp.	$12,403,000	–	120,851	–	1.51%	–
ALL	New	Allstate Corp.	$12,314,000	–	209,700	–	1.50%	–
WMT	New	Wal-Mart Stores, Inc.	$12,038,000	–	160,356	–	1.47%	–
KMI	New	Kinder Morgan, Inc.	$11,857,000	–	327,000	–	1.45%	–
VIAB	New	Viacom Inc. Class Bcl b	$11,719,000	–	135,115	–	1.43%	–
WAT	New	Waters Corp.	$11,575,000	–	110,825	–	1.41%	–
RDSA	New	Royal Dutch Shell plcspon adr a	$11,440,000	–	138,885	–	1.40%	–
QCOM	New	Qualcomm Inc.	$11,437,000	–	144,401	–	1.39%	–
K	New	Kellogg Company	$11,348,000	–	172,726	–	1.38%	–
ACN	New	Accenture plc Ireland	$11,233,000	–	138,949	–	1.37%	–
MDT	New	Medtronic, Inc.	$10,530,000	–	165,158	–	1.28%	–
OMC	New	Omnicom Group Inc.	$8,079,000	–	113,435	–	0.98%	–
PG	New	Procter & Gamble Company	$7,319,000	–	93,125	–	0.89%	–
HWC	New	Hancock Holding Company	$7,151,000	–	202,450	–	0.87%	–
VZ	New	Verizon Communications Inc.	$3,886,000	–	79,415	–	0.47%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$365,000	–	1,863	–	0.04%	–
AMZN	New	Amazon Com Inc.	$345,000	–	1,063	–	0.04%	–
XLK	New	Select Sector SPDR TRtechnology	$271,000	–	7,065	–	0.03%	–

Q4 2013

			Value		Shares		↓ Weighting
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-8,840	–	-0.04%	–
AMZN	Exit	Amazon Com Inc.	$0	–	-1,063	–	-0.05%	–
OMC	Exit	Omnicom Group, Inc.	$0	–	-113,855	–	-1.04%	–
RDSA	Exit	Royal Dutch Shell plcspons adr a	$0	–	-131,925	–	-1.25%	–
K	Exit	Kellogg Company	$0	–	-168,540	–	-1.42%	–
ACN	Exit	Accenture plc	$0	–	-134,741	–	-1.43%	–
APH	Exit	Amphenol Corp.cl a	$0	–	-130,820	–	-1.46%	–
V107SC	Exit	WellPoint, Inc.	$0	–	-123,570	–	-1.49%	–
ALL	Exit	Allstate Corp.	$0	–	-207,155	–	-1.51%	–
WSH	Exit	Willis Group Holdings plc	$0	–	-242,634	–	-1.51%	–
WFC	Exit	Wells Fargo & Company	$0	–	-257,400	–	-1.53%	–
MDLZ	Exit	Mondelez International, Inc.cl a	$0	–	-344,140	–	-1.56%	–
KO	Exit	Coca-Cola Company	$0	–	-288,082	–	-1.57%	–
ITW	Exit	Illinois Tool Works, Inc.	$0	–	-147,141	–	-1.62%	–
FIS	Exit	Fidelity Nat'l Info Services,	$0	–	-242,080	–	-1.62%	–
VOD	Exit	Vodafone Group plcspon adr new	$0	–	-324,395	–	-1.64%	–
WAT	Exit	Waters Corp.	$0	–	-107,466	–	-1.64%	–
WMT	Exit	Wal-Mart Stores, Inc.	$0	–	-154,446	–	-1.64%	–
VIAB	Exit	Viacom, Inc. Class Bcl b	$0	–	-139,425	–	-1.68%	–
DIS	Exit	Walt Disney Company	$0	–	-184,601	–	-1.71%	–
PG	Exit	Procter & Gamble Company	$0	–	-158,072	–	-1.72%	–
DVN	Exit	Devon Energy Corp.	$0	–	-214,471	–	-1.78%	–
SE	Exit	Spectra Energy Corp.	$0	–	-369,717	–	-1.82%	–
IPG	Exit	Interpublic Group of Cos, Inc.	$0	–	-776,335	–	-1.92%	–
ABC	Exit	AmerisourceBergen Corp.	$0	–	-219,525	–	-1.93%	–
JNJ	Exit	Johnson & Johnson	$0	–	-158,745	–	-1.98%	–
NCR	Exit	NCR Corp.	$0	–	-357,361	–	-2.04%	–
COP	Exit	ConocoPhillips	$0	–	-210,465	–	-2.10%	–
MKL	Exit	Markel Corp.	$0	–	-28,784	–	-2.14%	–
TJX	Exit	TJX Companies, Inc.	$0	–	-265,200	–	-2.15%	–
SYK	Exit	Stryker Corp.	$0	–	-223,667	–	-2.18%	–
CVX	Exit	Chevron Corp.	$0	–	-126,774	–	-2.22%	–
BBT	Exit	BB&T Corp.	$0	–	-469,782	–	-2.28%	–
PEP	Exit	PepsiCo, Inc.	$0	–	-201,295	–	-2.30%	–
GIS	Exit	General Mills, Inc.	$0	–	-340,581	–	-2.35%	–
LH	Exit	Laboratory Corp. of America Hl	$0	–	-165,893	–	-2.37%	–
DHR	Exit	Danaher Corp.	$0	–	-240,586	–	-2.40%	–
CVS	Exit	CVS Caremark Corp.	$0	–	-299,583	–	-2.45%	–
ESRX	Exit	Express Scripts Holding Co.	$0	–	-295,217	–	-2.62%	–
AON	Exit	Aon plc	$0	–	-260,538	–	-2.79%	–
SIAL	Exit	Sigma-Aldrich Corp.	$0	–	-230,152	–	-2.82%	–
MRO	Exit	Marathon Oil Corp.	$0	–	-727,235	–	-3.65%	–
OXY	Exit	Occidental Petroleum Corp.	$0	–	-276,654	–	-3.72%	–
MSFT	Exit	Microsoft Corp.	$0	–	-863,958	–	-4.14%	–
MDT	Exit	Medtronic, Inc.	$0	–	-598,859	–	-4.59%	–
UTX	Exit	United Technologies Corp.	$0	–	-300,187	–	-4.66%	–
ORCL	Exit	Oracle Corp.	$0	–	-1,149,850	–	-5.49%	–

Q3 2013

			Value		Shares		↓ Weighting
ORCL	Buy	Oracle Corp.	$38,141,000	+67.0%	1,149,850	+54.6%	5.49%	+67.9%
UTX	Sell	United Technologies Corp.	$32,366,000	+15.5%	300,187	-0.5%	4.66%	+16.1%
MDT	Sell	Medtronic, Inc.	$31,889,000	+1.7%	598,859	-1.7%	4.59%	+2.3%
MSFT	Buy	Microsoft Corp.	$28,753,000	-2.1%	863,958	+1.7%	4.14%	-1.5%
OXY	Buy	Occidental Petroleum Corp.	$25,878,000	+8.9%	276,654	+3.9%	3.72%	+9.5%
MRO	Buy	Marathon Oil Corp.	$25,366,000	+3.1%	727,235	+2.2%	3.65%	+3.7%
SIAL	Buy	Sigma-Aldrich Corp.	$19,632,000	+9.2%	230,152	+2.9%	2.82%	+9.8%
AON	Buy	Aon plc	$19,394,000	+15.9%	260,538	+0.2%	2.79%	+16.5%
ESRX	Buy	Express Scripts Holding Co.	$18,244,000	+3.1%	295,217	+3.1%	2.62%	+3.7%
CVS	Buy	CVS Caremark Corp.	$17,001,000	+0.6%	299,583	+1.3%	2.45%	+1.1%
DHR	Buy	Danaher Corp.	$16,677,000	+13.4%	240,586	+3.6%	2.40%	+14.0%
LH	Buy	Laboratory Corp. of America Hl	$16,447,000	+2.8%	165,893	+3.8%	2.37%	+3.4%
GIS	Buy	General Mills, Inc.	$16,321,000	+2.0%	340,581	+3.3%	2.35%	+2.6%
PEP	Sell	PepsiCo, Inc.	$16,003,000	-40.3%	201,295	-38.6%	2.30%	-40.0%
BBT	Buy	BB&T Corp.	$15,855,000	+1.9%	469,782	+2.3%	2.28%	+2.5%
CVX	Buy	Chevron Corp.	$15,403,000	+6.2%	126,774	+3.4%	2.22%	+6.8%
SYK	Buy	Stryker Corp.	$15,118,000	+6.9%	223,667	+2.3%	2.18%	+7.5%
TJX	Buy	TJX Companies, Inc.	$14,955,000	+14.8%	265,200	+1.9%	2.15%	+15.5%
MKL	Buy	Markel Corp.	$14,903,000	+1.3%	28,784	+3.1%	2.14%	+1.9%
COP	Buy	ConocoPhillips	$14,629,000	+16.0%	210,465	+1.0%	2.10%	+16.7%
NCR	Buy	NCR Corp.	$14,155,000	+20.4%	357,361	+0.2%	2.04%	+21.0%
JNJ	Sell	Johnson & Johnson	$13,762,000	+0.8%	158,745	-0.2%	1.98%	+1.3%
ABC	Buy	AmerisourceBergen Corp.	$13,413,000	+10.6%	219,525	+1.0%	1.93%	+11.2%
IPG	Buy	Interpublic Group of Cos, Inc.	$13,337,000	+18.6%	776,335	+0.5%	1.92%	+19.3%
SE	Buy	Spectra Energy Corp.	$12,655,000	+1.1%	369,717	+1.8%	1.82%	+1.7%
DVN	Buy	Devon Energy Corp.	$12,388,000	+19.3%	214,471	+7.2%	1.78%	+19.9%
PG	Buy	Procter & Gamble Company	$11,949,000	+0.6%	158,072	+2.5%	1.72%	+1.2%
DIS	Sell	Walt Disney Company	$11,905,000	+1.8%	184,601	-0.3%	1.71%	+2.4%
VIAB	Sell	Viacom, Inc. Class Bcl b	$11,653,000	+8.2%	139,425	-11.9%	1.68%	+8.8%
WMT	Buy	Wal-Mart Stores, Inc.	$11,423,000	+3.2%	154,446	+4.0%	1.64%	+3.8%
WAT	Buy	Waters Corp.	$11,414,000	+7.5%	107,466	+1.3%	1.64%	+8.0%
VOD	Buy	Vodafone Group plcspon adr new	$11,412,000	+24.3%	324,395	+1.5%	1.64%	+25.0%
FIS	Buy	Fidelity Nat'l Info Services,	$11,242,000	+10.3%	242,080	+1.8%	1.62%	+10.9%
ITW	Sell	Illinois Tool Works, Inc.	$11,222,000	+8.8%	147,141	-1.4%	1.62%	+9.3%
KO	Buy	Coca-Cola Company	$10,913,000	-3.2%	288,082	+2.5%	1.57%	-2.7%
MDLZ	New	Mondelez International, Inc.cl a	$10,813,000	–	344,140	–	1.56%	–
WFC	Buy	Wells Fargo & Company	$10,636,000	+1.8%	257,400	+1.7%	1.53%	+2.3%
WSH	Buy	Willis Group Holdings plc	$10,513,000	+8.9%	242,634	+2.5%	1.51%	+9.6%
ALL	Buy	Allstate Corp.	$10,472,000	+6.9%	207,155	+1.7%	1.51%	+7.5%
V107SC	Buy	WellPoint, Inc.	$10,332,000	+3.7%	123,570	+1.5%	1.49%	+4.4%
APH	Buy	Amphenol Corp.cl a	$10,123,000	+0.9%	130,820	+1.6%	1.46%	+1.4%
ACN	Buy	Accenture plc	$9,922,000	+5.6%	134,741	+3.2%	1.43%	+6.2%
K	Buy	Kellogg Company	$9,898,000	-6.7%	168,540	+2.1%	1.42%	-6.1%
RDSA	Buy	Royal Dutch Shell plcspons adr a	$8,665,000	+5.2%	131,925	+2.2%	1.25%	+5.8%
OMC	Buy	Omnicom Group, Inc.	$7,223,000	+1.8%	113,855	+0.9%	1.04%	+2.3%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$283,000	+8.0%	8,840	+3.0%	0.04%	+10.8%
NSC	Exit	Norfolk Southern Corp.	$0	–	-129,610	–	-1.35%	–
LOW	Exit	Lowe's Companies, Inc.	$0	–	-242,893	–	-1.42%	–
DRI	Exit	Darden Restaurants, Inc.	$0	–	-197,886	–	-1.43%	–
INTC	Exit	Intel Corp.	$0	–	-554,691	–	-1.92%	–
CNI	Exit	Canadian National Railway	$0	–	-146,675	–	-2.04%	–

Q2 2013

			Value		Shares		↓ Weighting
MDT	New	Medtronic, Inc.	$31,350,000	–	609,085	–	4.49%	–
MSFT	New	Microsoft Corp.	$29,359,000	–	849,864	–	4.20%	–
UTX	New	United Technologies Corp.	$28,033,000	–	301,620	–	4.01%	–
PEP	New	PepsiCo, Inc.	$26,804,000	–	327,712	–	3.84%	–
MRO	New	Marathon Oil Corp.	$24,605,000	–	711,529	–	3.52%	–
OXY	New	Occidental Petroleum Corp.	$23,767,000	–	266,351	–	3.40%	–
ORCL	New	Oracle Corp.	$22,840,000	–	743,740	–	3.27%	–
SIAL	New	Sigma-Aldrich Corp.	$17,981,000	–	223,590	–	2.57%	–
ESRX	New	Express Scripts Holding Co.	$17,687,000	–	286,479	–	2.53%	–
CVS	New	CVS Caremark Corp.	$16,905,000	–	295,641	–	2.42%	–
AON	New	Aon plc	$16,734,000	–	260,048	–	2.40%	–
GIS	New	General Mills, Inc.	$15,995,000	–	329,592	–	2.29%	–
LH	New	Laboratory Corp. of America Hl	$15,992,000	–	159,758	–	2.29%	–
BBT	New	BB&T Corp.	$15,557,000	–	459,172	–	2.23%	–
DHR	New	Danaher Corp.	$14,701,000	–	232,243	–	2.10%	–
MKL	New	Markel Corp.	$14,705,000	–	27,906	–	2.10%	–
CVX	New	Chevron Corp.	$14,503,000	–	122,557	–	2.08%	–
CNI	New	Canadian National Railway	$14,267,000	–	146,675	–	2.04%	–
SYK	New	Stryker Corp.	$14,146,000	–	218,705	–	2.02%	–
JNJ	New	Johnson & Johnson	$13,651,000	–	158,994	–	1.95%	–
INTC	New	Intel Corp.	$13,440,000	–	554,691	–	1.92%	–
TJX	New	TJX Companies, Inc.	$13,028,000	–	260,249	–	1.86%	–
COP	New	ConocoPhillips	$12,606,000	–	208,369	–	1.80%	–
SE	New	Spectra Energy Corp.	$12,514,000	–	363,141	–	1.79%	–
ABC	New	AmerisourceBergen Corp.	$12,130,000	–	217,270	–	1.74%	–
PG	New	Procter & Gamble Company	$11,873,000	–	154,216	–	1.70%	–
NCR	New	NCR Corp.	$11,761,000	–	356,488	–	1.68%	–
DIS	New	Walt Disney Company	$11,691,000	–	185,135	–	1.67%	–
KO	New	Coca-Cola Company	$11,270,000	–	280,965	–	1.61%	–
IPG	New	Interpublic Group of Cos, Inc.	$11,244,000	–	772,761	–	1.61%	–
WMT	New	Wal-Mart Stores, Inc.	$11,067,000	–	148,565	–	1.58%	–
VIAB	New	Viacom, Inc. Class Bcl b	$10,769,000	–	158,300	–	1.54%	–
WAT	New	Waters Corp.	$10,619,000	–	106,135	–	1.52%	–
K	New	Kellogg Company	$10,604,000	–	165,100	–	1.52%	–
WFC	New	Wells Fargo & Company	$10,449,000	–	253,195	–	1.50%	–
DVN	New	Devon Energy Corp.	$10,381,000	–	200,100	–	1.49%	–
ITW	New	Illinois Tool Works, Inc.	$10,319,000	–	149,185	–	1.48%	–
FIS	New	Fidelity Nat'l Info Services,	$10,190,000	–	237,860	–	1.46%	–
APH	New	Amphenol Corp.cl a	$10,036,000	–	128,765	–	1.44%	–
DRI	New	Darden Restaurants, Inc.	$9,989,000	–	197,886	–	1.43%	–
V107SC	New	Wellpoint, Inc.	$9,960,000	–	121,705	–	1.42%	–
LOW	New	Lowe's Companies, Inc.	$9,934,000	–	242,893	–	1.42%	–
ALL	New	Allstate Corp.	$9,798,000	–	203,610	–	1.40%	–
WSH	New	Willis Group Holdings plc	$9,652,000	–	236,679	–	1.38%	–
NSC	New	Norfolk Southern Corp.	$9,416,000	–	129,610	–	1.35%	–
ACN	New	Accenture plc IRELAND	$9,397,000	–	130,585	–	1.34%	–
VOD	New	Vodafone Group plcspon adr new	$9,184,000	–	319,500	–	1.31%	–
RDSA	New	Royal Dutch Shell plcspons adr	$8,239,000	–	129,145	–	1.18%	–
OMC	New	Omnicom Group, Inc.	$7,098,000	–	112,895	–	1.02%	–
AMZN	New	Amazon Com Inc.	$295,000	–	1,063	–	0.04%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$262,000	–	8,580	–	0.04%	–

Compare quarters

Export Stack Financial Management, Inc's holdings