Sky Investment Group LLC Activity Q4 2005-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$29,082,442	-8.2%	92,106	-1.0%	6.60%	-4.0%
NVDA	Buy	NVIDIA CORP	$12,930,078	+3.1%	29,725	+0.3%	2.94%	+7.9%
PEP	Buy	PEPSICO INC	$12,358,859	-6.8%	72,939	+1.9%	2.80%	-2.5%
GOOGL	Buy	ALPHABET INC - CL A (Voting)	$12,156,371	+10.6%	92,896	+1.2%	2.76%	+15.7%
JNJ	Sell	JOHNSON & JOHNSON	$11,339,655	-6.2%	72,807	-0.3%	2.57%	-1.8%
ABT	Sell	ABBOTT LABORATORIES	$10,665,525	-11.3%	110,124	-0.2%	2.42%	-7.2%
DHR	Sell	DANAHER CORP	$10,509,516	+2.8%	42,360	-0.6%	2.38%	+7.5%
	Sell	LINDE PLC	$10,230,316	-3.2%	27,475	-0.9%	2.32%	+1.3%
PG	Sell	PROCTER & GAMBLE COMPANY	$9,952,657	-4.4%	68,234	-0.5%	2.26%	+0.1%
MA	Sell	MASTERCARD, INC.	$9,895,375	-0.7%	24,994	-1.3%	2.25%	+3.9%
CVX	Buy	CHEVRON CORP	$9,518,936	+8.1%	56,452	+0.8%	2.16%	+13.0%
XOM	Sell	EXXON MOBIL CORP	$9,366,893	+9.5%	79,664	-0.1%	2.13%	+14.6%
NSRGY	Buy	NESTLE SA - ADR	$9,266,925	-4.3%	81,885	+1.7%	2.10%	+0.1%
TMO	Buy	THERMO FISHER SCIENTIFIC, INC.	$8,963,770	-2.4%	17,709	+0.6%	2.03%	+2.1%
ITW	Sell	ILLINOIS TOOL WORKS	$8,560,433	-8.9%	37,169	-1.0%	1.94%	-4.7%
MCD	Buy	MCDONALD`S CORP	$8,426,872	-11.5%	31,988	+0.2%	1.91%	-7.4%
MRK	Sell	MERCK & CO. INC.	$8,205,012	-11.7%	79,699	-1.0%	1.86%	-7.6%
TXN	Buy	TEXAS INSTRUMENTS INC	$7,731,702	-11.4%	48,624	+0.4%	1.76%	-7.2%
KO	Buy	COCA-COLA COMPANY	$7,726,179	-7.0%	138,017	+0.1%	1.75%	-2.6%
AXP	Buy	AMERICAN EXPRESS CO	$7,547,522	-12.8%	50,590	+1.8%	1.71%	-8.7%
PM	Buy	PHILIP MORRIS INTERNATIONAL	$7,446,274	-4.8%	80,431	+0.3%	1.69%	-0.4%
BDX	Sell	BECTON DICKINSON & CO.	$7,147,320	-2.9%	27,646	-0.8%	1.62%	+1.6%
AAPL	Buy	APPLE INC.	$6,731,986	-10.2%	39,320	+1.7%	1.53%	-6.1%
HD	Sell	HOME DEPOT INC	$6,683,175	-2.8%	22,118	-0.1%	1.52%	+1.7%
UNH	Buy	UNITEDHEALTH GROUP INC	$6,669,964	+5.5%	13,229	+0.5%	1.51%	+10.3%
UPS	Buy	UNITED PARCEL SERVICE - CL B	$6,279,379	-12.4%	40,286	+0.8%	1.42%	-8.3%
GOOG	Sell	ALPHABET INC - CL C (Non-Voting)	$6,171,899	+8.9%	46,810	-0.1%	1.40%	+13.9%
TROW	Sell	T. ROWE PRICE GROUP INC.	$6,069,166	-6.8%	57,873	-0.5%	1.38%	-2.5%
RTX	Buy	RTX CORPORATION	$5,954,222	-22.1%	82,732	+6.0%	1.35%	-18.5%
KMB	Sell	KIMBERLY-CLARK CORP	$5,745,088	-13.6%	47,539	-1.2%	1.30%	-9.6%
ABBV	Sell	ABBVIE INC.	$5,744,589	+10.5%	38,539	-0.2%	1.30%	+15.6%
SYY	Sell	SYSCO CORP	$5,695,756	-12.3%	86,234	-1.5%	1.29%	-8.2%
ADP	Sell	AUTOMATIC DATA PROCESSING	$5,695,010	+7.0%	23,672	-2.3%	1.29%	+11.9%
SO	Buy	SOUTHERN COMPANY	$5,312,088	-7.8%	82,078	+0.1%	1.21%	-3.5%
EMR	Sell	EMERSON ELECTRIC CO	$5,164,274	+6.2%	53,477	-0.6%	1.17%	+11.2%
FB	Sell	META PLATFORMS INC.	$5,103,270	+4.0%	16,999	-0.6%	1.16%	+8.8%
BRKB	Sell	BERKSHIRE HATHAWAY INC - CL B	$4,779,844	+2.0%	13,645	-0.7%	1.08%	+6.8%
ECL	Sell	ECOLAB INC	$4,460,210	-9.7%	26,329	-0.4%	1.01%	-5.5%
PNC	Sell	PNC FINANCIAL SERVICES GROUP	$4,433,470	-3.1%	36,112	-0.6%	1.01%	+1.3%
MTB	Sell	M & T BANK CORPORATION	$4,262,503	+1.5%	33,709	-0.7%	0.97%	+6.1%
GIS	Buy	GENERAL MILLS INC	$4,078,147	-13.0%	63,731	+4.3%	0.93%	-8.9%
DEO	Sell	DIAGEO PLC - ADR	$4,065,006	-14.0%	27,249	-0.0%	0.92%	-10.0%
SYK	Sell	STRYKER CORP	$4,023,901	-11.4%	14,725	-1.0%	0.91%	-7.3%
HON	Buy	HONEYWELL INTERNATIONAL INC	$3,934,408	-9.2%	21,297	+2.0%	0.89%	-4.9%
DUK	Buy	DUKE ENERGY CORPORATION	$3,556,790	-0.5%	40,299	+1.1%	0.81%	+4.0%
CMCSA	Sell	COMCAST CORP - CL A	$3,341,152	+6.0%	75,353	-0.6%	0.76%	+11.0%
CHD	Sell	CHURCH & DWIGHT CO INC	$3,310,592	-10.3%	36,130	-1.9%	0.75%	-6.1%
ZTS	Sell	ZOETIS INC	$3,222,425	+0.2%	18,522	-0.8%	0.73%	+4.7%
AMZN	Buy	AMAZON.COM INC	$3,181,559	-2.2%	25,028	+0.3%	0.72%	+2.3%
IJH	Buy	ISHARES CORE S&P MID-CAP ETFconv bonds	$3,176,215	-3.0%	12,738	+1.7%	0.72%	+1.5%
FTV	Sell	FORTIVE CORP	$3,116,648	-1.5%	42,026	-0.7%	0.71%	+3.1%
SWK	Sell	STANLEY BLACK & DECKER INC	$2,987,400	-12.0%	35,743	-1.4%	0.68%	-7.9%
	Buy	GE HEALTHCARE TECHNOLOGIES INC.	$2,971,715	+97.2%	43,676	+135.4%	0.67%	+106.1%
GD	Buy	GENERAL DYNAMICS CORP	$2,909,070	+3.3%	13,165	+0.6%	0.66%	+8.0%
VZ	Sell	VERIZON COMMUNICATIONS INC	$2,861,771	-14.5%	88,299	-1.9%	0.65%	-10.5%
AVY	Buy	AVERY DENNISON CORP	$2,791,746	+6.6%	15,283	+0.2%	0.63%	+11.6%
MCI	Sell	BARINGS CORPORATE INVESTORSconv bonds	$2,784,543	+5.9%	174,689	-1.0%	0.63%	+10.9%
EMRAF	Buy	EMERA INC.	$2,399,385	-14.2%	68,770	+1.3%	0.54%	-10.2%
IBM	Buy	INTERNATIONAL BUSINESS MACHINES CORPORATION	$2,355,497	+6.0%	16,789	+1.1%	0.54%	+11.0%
SPY	Sell	SPDR S&P 500 ETF TRUSTconv bonds	$2,301,860	-4.6%	5,385	-1.0%	0.52%	-0.2%
MAS	Sell	MASCO CORP	$2,181,722	-9.5%	40,818	-2.9%	0.50%	-5.4%
ADBE	Sell	ADOBE SYSTEMS INC.	$2,148,719	+3.7%	4,214	-0.6%	0.49%	+8.4%
MDLZ	Buy	MONDELEZ INTERNATIONAL INC	$2,090,584	+7.3%	30,124	+12.8%	0.47%	+12.1%
ADSK	Buy	AUTODESK INC	$1,790,392	+7.9%	8,653	+6.7%	0.41%	+12.8%
USB	Sell	U.S. BANCORP	$1,770,065	-4.6%	53,541	-4.6%	0.40%	0.0%
RHHBY	Sell	ROCHE HOLDINGS LTD - ADR	$1,750,550	-16.9%	51,593	-6.5%	0.40%	-13.1%
APD	Buy	AIR PRODUCTS & CHEMICALS INC	$1,685,760	+24.5%	5,948	+31.6%	0.38%	+30.3%
COST	Sell	COSTCO WHOLESALE CORP	$1,672,282	+4.2%	2,960	-0.7%	0.38%	+9.2%
DASTY	Sell	DASSAULT SYSTEMES SA ADR	$1,638,523	-16.9%	44,070	-0.7%	0.37%	-13.1%
JPM	Sell	JPMORGAN CHASE & CO.	$1,506,323	-0.5%	10,387	-0.2%	0.34%	+4.3%
DIS	Sell	WALT DISNEY COMPANY	$1,484,026	-22.2%	18,310	-14.3%	0.34%	-18.6%
V	Buy	VISA INC	$1,451,363	-2.7%	6,310	+0.5%	0.33%	+1.9%
	Sell	SHELL PLC - ADR	$1,441,790	+5.8%	22,395	-0.7%	0.33%	+10.8%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,425,578	-9.6%	24,562	-0.4%	0.32%	-5.3%
WMT	Sell	WAL-MART STORES INC	$1,109,587	+0.7%	6,938	-1.1%	0.25%	+5.4%
ORCL	Sell	ORACLE CORP	$995,648	-12.9%	9,400	-2.1%	0.23%	-8.9%
CVS	Sell	CVS HEALTH CORP	$962,095	-10.5%	13,780	-11.4%	0.22%	-6.4%
UNP	Sell	UNION PACIFIC CORP	$925,498	-5.3%	4,545	-4.8%	0.21%	-0.9%
CSCO	Sell	CISCO SYSTEMS INC	$899,566	+2.8%	16,733	-1.0%	0.20%	+7.4%
INTC	Sell	INTEL CORP	$830,590	-1.9%	23,364	-7.7%	0.19%	+2.7%
BLL	Buy	BALL CORP	$770,843	-8.7%	15,485	+6.8%	0.18%	-4.4%
NKE	Sell	NIKE, INC. - CL B	$762,260	-16.0%	7,972	-3.0%	0.17%	-12.2%
CRM	Sell	SALESFORCE.COM, INC.	$755,558	-5.9%	3,726	-2.0%	0.17%	-1.7%
D	Sell	DOMINION RESOURCES, INC.	$701,191	-52.4%	15,697	-44.9%	0.16%	-50.3%
FBHS	Sell	FORTUNE BRANDS INNOVATIONS INC.	$701,165	-14.5%	11,280	-1.1%	0.16%	-10.7%
PFE	Sell	PFIZER INC	$677,928	-25.3%	20,438	-17.3%	0.15%	-21.8%
BA	Sell	BOEING COMPANY	$599,192	-19.8%	3,126	-11.6%	0.14%	-16.0%
UL	Sell	UNILEVER PLC - ADR	$586,823	-15.5%	11,879	-10.9%	0.13%	-11.9%
CARR	Buy	CARRIER GLOBAL CORP	$511,262	+17.4%	9,262	+5.7%	0.12%	+23.4%
VRSK	Sell	VERISK ANALYTICS	$454,762	-3.0%	1,925	-7.2%	0.10%	+1.0%
CMI	Sell	CUMMINS INC.	$437,044	-8.3%	1,913	-1.5%	0.10%	-3.9%
AEP	Buy	AMERICAN ELECTRIC POWER	$392,423	-8.9%	5,217	+2.0%	0.09%	-4.3%
XLK	Sell	TECHNOLOGY SELECT SECTOR SPDRconv bonds	$348,351	-10.9%	2,125	-5.6%	0.08%	-7.1%
FIS	Sell	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$339,634	-66.7%	6,145	-67.1%	0.08%	-65.2%
PYPL	Sell	PAYPAL HOLDINGS, INC.	$329,773	-14.5%	5,641	-2.4%	0.08%	-10.7%
WFC	Sell	WELLS FARGO & CO	$325,450	-5.0%	7,965	-0.7%	0.07%	0.0%
NUE	Sell	NUCOR CORP	$272,916	-6.0%	1,746	-1.4%	0.06%	-1.6%
LHX	Buy	L3 HARRIS TECHNOLOGIES, INC.	$260,309	-7.3%	1,495	+4.2%	0.06%	-3.3%
OTIS	Buy	OTIS WORLDWIDE CORP	$246,150	-9.6%	3,065	+0.2%	0.06%	-5.1%
TSM	Sell	TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY, LTD.	$234,196	-22.3%	2,695	-9.7%	0.05%	-18.5%
LOW	Sell	LOWE`S COMPANIES, INC.	$218,856	-12.1%	1,053	-4.5%	0.05%	-7.4%
MSI	New	MOTOROLA SOLUTIONS INC.	$218,881	–	804	–	0.05%	–
MMM	Exit	3M COMPANY	$0	–	-2,057	–	-0.04%	–
SSNC	Exit	SS&C TECHNOLOGIES HOLDINGS, INC.	$0	–	-3,635	–	-0.05%	–
MDT	Exit	MEDTRONIC, PLC	$0	–	-2,700	–	-0.05%	–

Q2 2023

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$31,696,753	–	93,078	–	6.88%	–
PEP	New	PEPSICO INC	$13,258,849	–	71,584	–	2.88%	–
NVDA	New	NVIDIA CORP	$12,542,543	–	29,650	–	2.72%	–
JNJ	New	JOHNSON & JOHNSON	$12,085,036	–	73,013	–	2.62%	–
ABT	New	ABBOTT LABORATORIES	$12,028,957	–	110,337	–	2.61%	–
GOOGL	New	ALPHABET INC - CL A (Voting)	$10,989,777	–	91,811	–	2.38%	–
	New	LINDE PLC	$10,568,492	–	27,733	–	2.29%	–
PG	New	PROCTER & GAMBLE COMPANY	$10,405,618	–	68,575	–	2.26%	–
DHR	New	DANAHER CORP	$10,224,480	–	42,602	–	2.22%	–
MA	New	MASTERCARD, INC.	$9,962,289	–	25,330	–	2.16%	–
NSRGY	New	NESTLE SA - ADR	$9,687,573	–	80,495	–	2.10%	–
MCD	New	MCDONALD`S CORP	$9,524,557	–	31,918	–	2.07%	–
ITW	New	ILLINOIS TOOL WORKS	$9,394,553	–	37,554	–	2.04%	–
MRK	New	MERCK & CO. INC.	$9,291,549	–	80,523	–	2.02%	–
TMO	New	THERMO FISHER SCIENTIFIC, INC.	$9,186,457	–	17,607	–	1.99%	–
CVX	New	CHEVRON CORP	$8,809,554	–	55,987	–	1.91%	–
TXN	New	TEXAS INSTRUMENTS INC	$8,721,789	–	48,449	–	1.89%	–
AXP	New	AMERICAN EXPRESS CO	$8,654,082	–	49,679	–	1.88%	–
XOM	New	EXXON MOBIL CORP	$8,550,828	–	79,728	–	1.86%	–
KO	New	COCA-COLA COMPANY	$8,303,542	–	137,887	–	1.80%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$7,825,093	–	80,159	–	1.70%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$7,644,700	–	78,039	–	1.66%	–
AAPL	New	APPLE INC.	$7,500,440	–	38,668	–	1.63%	–
BDX	New	BECTON DICKINSON & CO.	$7,358,223	–	27,871	–	1.60%	–
UPS	New	UNITED PARCEL SERVICE - CL B	$7,165,877	–	39,977	–	1.55%	–
HD	New	HOME DEPOT INC	$6,878,502	–	22,143	–	1.49%	–
KMB	New	KIMBERLY-CLARK CORP	$6,645,794	–	48,137	–	1.44%	–
TROW	New	T. ROWE PRICE GROUP INC.	$6,514,101	–	58,151	–	1.41%	–
SYY	New	SYSCO CORP	$6,497,323	–	87,565	–	1.41%	–
UNH	New	UNITEDHEALTH GROUP INC	$6,324,775	–	13,159	–	1.37%	–
SO	New	SOUTHERN COMPANY	$5,761,975	–	82,021	–	1.25%	–
GOOG	New	ALPHABET INC - CL C (Non-Voting)	$5,668,654	–	46,860	–	1.23%	–
ADP	New	AUTOMATIC DATA PROCESSING	$5,322,874	–	24,218	–	1.16%	–
ABBV	New	ABBVIE INC.	$5,200,412	–	38,599	–	1.13%	–
ECL	New	ECOLAB INC	$4,937,475	–	26,447	–	1.07%	–
FB	New	META PLATFORMS INC.	$4,906,210	–	17,096	–	1.06%	–
EMR	New	EMERSON ELECTRIC CO	$4,860,903	–	53,777	–	1.05%	–
DEO	New	DIAGEO PLC - ADR	$4,728,024	–	27,254	–	1.03%	–
GIS	New	GENERAL MILLS INC	$4,687,597	–	61,116	–	1.02%	–
BRKB	New	BERKSHIRE HATHAWAY INC - CL B	$4,684,317	–	13,737	–	1.02%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$4,576,645	–	36,337	–	0.99%	–
SYK	New	STRYKER CORP	$4,539,739	–	14,880	–	0.98%	–
HON	New	HONEYWELL INTERNATIONAL INC	$4,331,148	–	20,873	–	0.94%	–
MTB	New	M & T BANK CORPORATION	$4,199,919	–	33,936	–	0.91%	–
CHD	New	CHURCH & DWIGHT CO INC	$3,690,469	–	36,820	–	0.80%	–
DUK	New	DUKE ENERGY CORPORATION	$3,576,049	–	39,849	–	0.78%	–
SWK	New	STANLEY BLACK & DECKER INC	$3,395,394	–	36,233	–	0.74%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,348,364	–	90,034	–	0.73%	–
IJH	New	ISHARES CORE S&P MID-CAP ETFconv bonds	$3,273,986	–	12,521	–	0.71%	–
AMZN	New	AMAZON.COM INC	$3,254,307	–	24,964	–	0.71%	–
ZTS	New	ZOETIS INC	$3,216,334	–	18,677	–	0.70%	–
FTV	New	FORTIVE CORP	$3,164,266	–	42,320	–	0.69%	–
CMCSA	New	COMCAST CORP - CL A	$3,150,861	–	75,833	–	0.68%	–
GD	New	GENERAL DYNAMICS CORP	$2,816,314	–	13,090	–	0.61%	–
EMRAF	New	EMERA INC.	$2,797,596	–	67,860	–	0.61%	–
MCI	New	BARINGS CORPORATE INVESTORSconv bonds	$2,628,941	–	176,439	–	0.57%	–
AVY	New	AVERY DENNISON CORP	$2,619,606	–	15,248	–	0.57%	–
MAS	New	MASCO CORP	$2,410,878	–	42,016	–	0.52%	–
SPY	New	SPDR S&P 500 ETF TRUSTconv bonds	$2,411,762	–	5,441	–	0.52%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES CORPORATION	$2,223,119	–	16,614	–	0.48%	–
RHHBY	New	ROCHE HOLDINGS LTD - ADR	$2,107,609	–	55,173	–	0.46%	–
ADBE	New	ADOBE SYSTEMS INC.	$2,072,829	–	4,239	–	0.45%	–
DASTY	New	DASSAULT SYSTEMES SA ADR	$1,971,803	–	44,370	–	0.43%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$1,948,496	–	26,714	–	0.42%	–
DIS	New	WALT DISNEY COMPANY	$1,906,688	–	21,356	–	0.41%	–
USB	New	U.S. BANCORP	$1,855,229	–	56,151	–	0.40%	–
ADSK	New	AUTODESK INC	$1,658,978	–	8,108	–	0.36%	–
COST	New	COSTCO WHOLESALE CORP	$1,604,372	–	2,980	–	0.35%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,577,135	–	24,662	–	0.34%	–
JPM	New	JPMORGAN CHASE & CO.	$1,513,449	–	10,406	–	0.33%	–
	New	GE HEALTHCARE TECHNOLOGIES INC.	$1,507,083	–	18,551	–	0.33%	–
V	New	VISA INC	$1,491,374	–	6,280	–	0.32%	–
D	New	DOMINION RESOURCES, INC.	$1,474,262	–	28,466	–	0.32%	–
	New	SHELL PLC - ADR	$1,362,173	–	22,560	–	0.30%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$1,353,978	–	4,520	–	0.29%	–
ORCL	New	ORACLE CORP	$1,143,264	–	9,600	–	0.25%	–
WMT	New	WAL-MART STORES INC	$1,102,296	–	7,013	–	0.24%	–
CVS	New	CVS HEALTH CORP	$1,074,721	–	15,546	–	0.23%	–
FIS	New	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$1,021,140	–	18,668	–	0.22%	–
UNP	New	UNION PACIFIC CORP	$977,061	–	4,775	–	0.21%	–
TD	New	TORONTO-DOMINION BANK	$927,050	–	14,950	–	0.20%	–
NKE	New	NIKE, INC. - CL B	$907,428	–	8,222	–	0.20%	–
PFE	New	PFIZER INC	$906,986	–	24,727	–	0.20%	–
CSCO	New	CISCO SYSTEMS INC	$874,872	–	16,909	–	0.19%	–
INTC	New	INTEL CORP	$846,500	–	25,314	–	0.18%	–
BLL	New	BALL CORP	$844,045	–	14,500	–	0.18%	–
FBHS	New	FORTUNE BRANDS INNOVATIONS INC.	$820,230	–	11,400	–	0.18%	–
CRM	New	SALESFORCE.COM, INC.	$802,999	–	3,801	–	0.17%	–
BA	New	BOEING COMPANY	$746,662	–	3,536	–	0.16%	–
MKC	New	MCCORMICK & CO., INC	$732,906	–	8,402	–	0.16%	–
LLY	New	ELI LILLY & CO	$721,590	–	1,539	–	0.16%	–
UL	New	UNILEVER PLC - ADR	$694,841	–	13,329	–	0.15%	–
AMGN	New	AMGEN INC	$511,312	–	2,303	–	0.11%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$491,728	–	4,496	–	0.11%	–
CMI	New	CUMMINS INC.	$476,346	–	1,943	–	0.10%	–
VRSK	New	VERISK ANALYTICS	$469,012	–	2,075	–	0.10%	–
BAC	New	BANK OF AMERICA CORP	$463,917	–	16,170	–	0.10%	–
TRV	New	TRAVELERS COMPANIES, INC.	$454,121	–	2,615	–	0.10%	–
CB	New	CHUBB LTD	$444,814	–	2,310	–	0.10%	–
CARR	New	CARRIER GLOBAL CORP	$435,559	–	8,762	–	0.09%	–
AEP	New	AMERICAN ELECTRIC POWER	$430,851	–	5,117	–	0.09%	–
PGR	New	PROGRESSIVE CORPORATION	$426,231	–	3,220	–	0.09%	–
XLK	New	TECHNOLOGY SELECT SECTOR SPDRconv bonds	$391,185	–	2,250	–	0.08%	–
PYPL	New	PAYPAL HOLDINGS, INC.	$385,699	–	5,780	–	0.08%	–
WFC	New	WELLS FARGO & CO	$342,464	–	8,024	–	0.07%	–
TXT	New	TEXTRON INC	$331,387	–	4,900	–	0.07%	–
GS	New	GOLDMAN SACHS GROUP INC	$334,151	–	1,036	–	0.07%	–
TSM	New	TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY, LTD.	$301,246	–	2,985	–	0.06%	–
NUE	New	NUCOR CORP	$290,334	–	1,771	–	0.06%	–
LHX	New	L3 HARRIS TECHNOLOGIES, INC.	$280,930	–	1,435	–	0.06%	–
CAC	New	CAMDEN NATIONAL CORP	$275,633	–	8,900	–	0.06%	–
OTIS	New	OTIS WORLDWIDE CORP	$272,371	–	3,060	–	0.06%	–
COG	New	COTERRA ENERGY INC.	$265,827	–	10,507	–	0.06%	–
LOW	New	LOWE`S COMPANIES, INC.	$248,947	–	1,103	–	0.05%	–
MDT	New	MEDTRONIC, PLC	$237,869	–	2,700	–	0.05%	–
CNI	New	CANADIAN NATL RAILWAY CO	$237,297	–	1,960	–	0.05%	–
SSNC	New	SS&C TECHNOLOGIES HOLDINGS, INC.	$220,281	–	3,635	–	0.05%	–
WBS	New	WEBSTER FINANCIAL CORP	$214,647	–	5,686	–	0.05%	–
MMM	New	3M COMPANY	$205,885	–	2,057	–	0.04%	–
TT	New	TRANE TECHNOLOGIES PLC	$206,561	–	1,080	–	0.04%	–
NTAP	New	NETAPP, INC.	$204,370	–	2,675	–	0.04%	–
	New	FIRST GRAPHENE LTD	$460	–	10,000	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	FIRST GRAPHENE LTD	$0	–	-10,000	–	0.00%	–
	Exit	ALTABA INC - ESCROW SHARES	$0	–	-15,000	–	-0.02%	–
NUE	Exit	NUCOR CORP	$0	–	-1,946	–	-0.05%	–
MDT	Exit	MEDTRONIC, PLC	$0	–	-2,700	–	-0.06%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY, LTD	$0	–	-3,315	–	-0.06%	–
COG	Exit	COTERRA ENERGY INC.	$0	–	-9,210	–	-0.06%	–
CNI	Exit	CANADIAN NATL RAILWAY CO	$0	–	-2,435	–	-0.07%	–
XLK	Exit	TECHNOLOGY SELECT SECTOR SPDRetf	$0	–	-2,240	–	-0.07%	–
BHB	Exit	BAR HARBOR BANKSHARES	$0	–	-10,210	–	-0.07%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-6,759	–	-0.07%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-4,296	–	-0.07%	–
WBS	Exit	WEBSTER FINANCIAL CORP	$0	–	-6,086	–	-0.07%	–
LHX	Exit	L3 HARRIS TECHNOLOGIES	$0	–	-1,340	–	-0.07%	–
TXT	Exit	TEXTRON INC	$0	–	-5,100	–	-0.08%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,086	–	-0.08%	–
CARR	Exit	CARRIER GLOBAL CORP	$0	–	-9,487	–	-0.09%	–
AEP	Exit	AMERICAN ELECTRIC POWER	$0	–	-4,057	–	-0.09%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES CORPORATION	$0	–	-3,049	–	-0.09%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP	$0	–	-3,981	–	-0.10%	–
PGR	Exit	PROGRESSIVE CORPORATION	$0	–	-3,220	–	-0.10%	–
VRSK	Exit	VERISK ANALYTICS	$0	–	-2,200	–	-0.10%	–
CAC	Exit	CAMDEN NATIONAL CORP	$0	–	-8,900	–	-0.10%	–
MMM	Exit	3M COMPANY	$0	–	-3,479	–	-0.10%	–
CB	Exit	CHUBB LTD	$0	–	-2,350	–	-0.11%	–
TRV	Exit	TRAVELERS COMPANIES, INC.	$0	–	-2,897	–	-0.12%	–
CMI	Exit	CUMMINS INC.	$0	–	-2,240	–	-0.12%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-16,000	–	-0.13%	–
PYPL	Exit	PAYPAL HOLDINGS, INC.	$0	–	-5,793	–	-0.13%	–
LLY	Exit	ELY LILLY & CO	$0	–	-1,594	–	-0.13%	–
AMGN	Exit	AMGEN INC	$0	–	-2,379	–	-0.14%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-2,228	–	-0.16%	–
ORCL	Exit	ORACLE CORP	$0	–	-10,200	–	-0.16%	–
FBHS	Exit	FORTUNE BRANDS HOME & SECURITY, INC.	$0	–	-11,825	–	-0.16%	–
BA	Exit	BOEING COMPANY	$0	–	-5,386	–	-0.17%	–
BLL	Exit	BALL CORP	$0	–	-13,920	–	-0.18%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-9,631	–	-0.18%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-17,333	–	-0.18%	–
CRM	Exit	SALESFORCE.COM, INC.	$0	–	-4,946	–	-0.18%	–
ADDYY	Exit	ADIDAS AG SPON ADR	$0	–	-12,910	–	-0.19%	–
NKE	Exit	NIKE, INC. - CL B	$0	–	-9,232	–	-0.20%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-4,270	–	-0.22%	–
	Exit	SHELL PLC - ADR	$0	–	-17,168	–	-0.22%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-5,320	–	-0.22%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-6,785	–	-0.23%	–
TD	Exit	TORONTO-DOMINION BANK	$0	–	-14,950	–	-0.24%	–
V	Exit	VISA INC	$0	–	-6,080	–	-0.28%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-4,719	–	-0.29%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-10,549	–	-0.29%	–
PFE	Exit	PFIZER INC	$0	–	-26,452	–	-0.30%	–
ADSK	Exit	AUTODESK INC	$0	–	-7,065	–	-0.34%	–
COST	Exit	COSTCO WHOLESALE CLUB	$0	–	-2,930	–	-0.36%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-26,131	–	-0.37%	–
FB	Exit	META PLATFORMS INC	$0	–	-10,759	–	-0.38%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-15,556	–	-0.39%	–
DASTY	Exit	DASSAULT SYSTEMES SA ADR	$0	–	-44,970	–	-0.40%	–
INTC	Exit	INTEL CORP	$0	–	-62,422	–	-0.42%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-24,812	–	-0.46%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-5,214	–	-0.48%	–
MAS	Exit	MASCO CORP	$0	–	-42,216	–	-0.51%	–
CMCSA	Exit	COMCAST CORP - CL A	$0	–	-72,360	–	-0.55%	–
FIS	Exit	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$0	–	-28,513	–	-0.56%	–
USB	Exit	U.S. BANCORP	$0	–	-54,341	–	-0.57%	–
RHHBY	Exit	ROCHE HOLDINGS LTD - ADR	$0	–	-54,606	–	-0.58%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-24,356	–	-0.60%	–
MCI	Exit	BARINGS CORPORATE INVESTORSetf	$0	–	-179,064	–	-0.60%	–
EMRAF	Exit	EMERA INC.	$0	–	-58,533	–	-0.62%	–
UL	Exit	UNILEVER PLC - ADR	$0	–	-55,188	–	-0.63%	–
ZTS	Exit	ZOETIS INC	$0	–	-16,472	–	-0.64%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-11,538	–	-0.64%	–
FTV	Exit	FORTIVE CORP	$0	–	-43,090	–	-0.65%	–
D	Exit	DOMINION RESOURCES, INC.	$0	–	-37,362	–	-0.67%	–
IJH	Exit	ISHARES CORE S&P MID-CAP ETFetf	$0	–	-12,231	–	-0.70%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-42,125	–	-0.78%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-26,920	–	-0.79%	–
SYK	Exit	STRYKER CORP	$0	–	-15,375	–	-0.81%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-19,951	–	-0.87%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-36,873	–	-0.89%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-46,287	–	-0.90%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC - CL B	$0	–	-13,537	–	-0.94%	–
NVDA	Exit	NVIDIA CORP	$0	–	-29,933	–	-0.94%	–
ECL	Exit	ECOLAB INC	$0	–	-26,543	–	-1.00%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-101,082	–	-1.00%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-53,113	–	-1.01%	–
DEO	Exit	DIAGEO PLC - ADR	$0	–	-26,154	–	-1.16%	–
GOOG	Exit	ALPHABET INC - CL C (Non-Voting)	$0	–	-47,040	–	-1.18%	–
ABBV	Exit	ABBVIE INC.	$0	–	-34,089	–	-1.19%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-65,016	–	-1.30%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-10,026	–	-1.32%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-22,510	–	-1.32%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-35,104	–	-1.36%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-79,425	–	-1.40%	–
MTB	Exit	M & T BANK CORPORATION	$0	–	-31,373	–	-1.44%	–
AAPL	Exit	APPLE INC.	$0	–	-40,787	–	-1.47%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-50,883	–	-1.49%	–
SYY	Exit	SYSCO CORP	$0	–	-81,254	–	-1.49%	–
TROW	Exit	T. ROWE PRICE GROUP INC.	$0	–	-55,514	–	-1.52%	–
HD	Exit	HOME DEPOT INC	$0	–	-21,737	–	-1.56%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-74,756	–	-1.59%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-76,122	–	-1.64%	–
UPS	Exit	UNITED PARCEL SERVICE - CL B	$0	–	-39,128	–	-1.64%	–
BDX	Exit	BECTON DICKINSON & CO.	$0	–	-28,558	–	-1.66%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-47,643	–	-1.67%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-38,269	–	-1.80%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-81,319	–	-1.85%	–
MRK	Exit	MERCK & CO. INC.	$0	–	-82,982	–	-1.86%	–
MA	Exit	MASTERCARD, INC.	$0	–	-25,530	–	-1.89%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-48,418	–	-1.95%	–
LIN	Exit	LINDE PLC	$0	–	-28,425	–	-1.99%	–
MCD	Exit	MCDONALD`S CORP	$0	–	-33,930	–	-2.04%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-140,658	–	-2.05%	–
TMO	Exit	THERMO FISHER SCIENTIFIC, INC.	$0	–	-15,934	–	-2.10%	–
CVX	Exit	CHEVRON CORP	$0	–	-56,290	–	-2.10%	–
GOOGL	Exit	ALPHABET INC - CL A (Voting)	$0	–	-84,862	–	-2.11%	–
NSRGY	Exit	NESTLE SA - ADR	$0	–	-80,287	–	-2.25%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-70,108	–	-2.30%	–
DHR	Exit	DANAHER CORP	$0	–	-40,947	–	-2.75%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-115,262	–	-2.90%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-73,416	–	-3.12%	–
PEP	Exit	PEPSICO INC	$0	–	-73,600	–	-3.12%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-95,146	–	-5.76%	–

Q3 2022

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$22,159,000	-9.0%	95,146	+0.3%	5.76%	-1.1%
PEP	Sell	PEPSICO INC	$12,016,000	-2.3%	73,600	-0.3%	3.12%	+6.2%
JNJ	Buy	JOHNSON & JOHNSON	$11,993,000	-7.3%	73,416	+0.8%	3.12%	+0.8%
ABT	Buy	ABBOTT LABORATORIES	$11,153,000	-10.6%	115,262	+0.4%	2.90%	-2.8%
DHR	Buy	DANAHER CORP	$10,576,000	+1.9%	40,947	+0.0%	2.75%	+10.8%
PG	Sell	PROCTER & GAMBLE COMPANY	$8,851,000	-12.3%	70,108	-0.1%	2.30%	-4.6%
NSRGY	Buy	NESTLE SA - ADR	$8,640,000	-7.2%	80,287	+0.4%	2.25%	+0.9%
GOOGL	Buy	ALPHABET INC - CL A (Voting)	$8,117,000	-11.0%	84,862	+1926.8%	2.11%	-3.3%
CVX	Buy	CHEVRON CORP	$8,087,000	-0.7%	56,290	+0.1%	2.10%	+8.0%
TMO	Buy	THERMO FISHER SCIENTIFIC, INC.	$8,082,000	-6.2%	15,934	+0.4%	2.10%	+1.9%
KO	Sell	COCA-COLA COMPANY	$7,880,000	-11.3%	140,658	-0.4%	2.05%	-3.5%
MCD	Sell	MCDONALD`S CORP	$7,829,000	-6.8%	33,930	-0.3%	2.04%	+1.2%
LIN	Buy	LINDE PLC	$7,663,000	-3.5%	28,425	+2.9%	1.99%	+4.9%
TXN	Buy	TEXAS INSTRUMENTS INC	$7,494,000	+1.8%	48,418	+1.0%	1.95%	+10.6%
MA	Buy	MASTERCARD, INC.	$7,259,000	-9.1%	25,530	+0.9%	1.89%	-1.2%
MRK	Sell	MERCK & CO. INC.	$7,146,000	-5.6%	82,982	-0.0%	1.86%	+2.7%
XOM	Buy	EXXON MOBIL CORP	$7,100,000	+2.0%	81,319	+0.0%	1.85%	+10.9%
ITW	Buy	ILLINOIS TOOL WORKS	$6,913,000	-0.7%	38,269	+0.2%	1.80%	+7.9%
AXP	Buy	AMERICAN EXPRESS CO	$6,428,000	-1.7%	47,643	+1.0%	1.67%	+6.8%
BDX	Buy	BECTON DICKINSON & CO.	$6,364,000	-9.4%	28,558	+0.2%	1.66%	-1.5%
PM	Buy	PHILIP MORRIS INTERNATIONAL	$6,319,000	-14.9%	76,122	+1.2%	1.64%	-7.4%
UPS	Buy	UNITED PARCEL SERVICE - CL B	$6,321,000	-11.3%	39,128	+0.2%	1.64%	-3.6%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$6,120,000	-13.4%	74,756	+1.7%	1.59%	-5.8%
HD	Buy	HOME DEPOT INC	$5,998,000	+1.6%	21,737	+1.0%	1.56%	+10.5%
TROW	Sell	T. ROWE PRICE GROUP INC.	$5,830,000	-8.0%	55,514	-0.5%	1.52%	-0.1%
SYY	Buy	SYSCO CORP	$5,745,000	-16.2%	81,254	+0.4%	1.49%	-9.0%
KMB	Sell	KIMBERLY-CLARK CORP	$5,726,000	-17.4%	50,883	-0.8%	1.49%	-10.2%
AAPL	Sell	APPLE INC.	$5,637,000	-0.1%	40,787	-1.2%	1.47%	+8.6%
MTB	Sell	M & T BANK CORPORATION	$5,532,000	+10.5%	31,373	-0.1%	1.44%	+20.1%
SO	Sell	SOUTHERN COMPANY	$5,401,000	-4.9%	79,425	-0.3%	1.40%	+3.4%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$5,245,000	-4.7%	35,104	+0.6%	1.36%	+3.6%
ADP	Sell	AUTOMATIC DATA PROCESSING	$5,092,000	+5.8%	22,510	-1.7%	1.32%	+15.0%
UNH	Sell	UNITEDHEALTH GROUP INC	$5,064,000	-2.1%	10,026	-0.4%	1.32%	+6.5%
GIS	Sell	GENERAL MILLS INC	$4,981,000	-12.3%	65,016	-13.6%	1.30%	-4.6%
ABBV	Buy	ABBVIE INC.	$4,575,000	-11.4%	34,089	+1.1%	1.19%	-3.7%
GOOG	Buy	ALPHABET INC - CL C (Non-Voting)	$4,523,000	-12.1%	47,040	+1900.0%	1.18%	-4.5%
DEO	Buy	DIAGEO PLC - ADR	$4,441,000	-1.1%	26,154	+1.4%	1.16%	+7.4%
EMR	Buy	EMERSON ELECTRIC CO	$3,889,000	-7.6%	53,113	+0.3%	1.01%	+0.4%
VZ	Sell	VERIZON COMMUNICATIONS INC	$3,838,000	-26.6%	101,082	-1.8%	1.00%	-20.2%
ECL	Sell	ECOLAB INC	$3,833,000	-6.4%	26,543	-0.3%	1.00%	+1.7%
BRKB	Buy	BERKSHIRE HATHAWAY INC - CL B	$3,615,000	+2.0%	13,537	+4.3%	0.94%	+10.8%
SWK	Buy	STANLEY BLACK & DECKER INC	$3,481,000	-28.2%	46,287	+0.2%	0.90%	-21.9%
DUK	Buy	DUKE ENERGY CORPORATION	$3,430,000	-13.1%	36,873	+0.2%	0.89%	-5.5%
HON	Buy	HONEYWELL INTERNATIONAL INC	$3,331,000	-2.1%	19,951	+1.9%	0.87%	+6.4%
SYK	Buy	STRYKER CORP	$3,114,000	+8.3%	15,375	+6.3%	0.81%	+17.7%
AMZN	Buy	AMAZON.COM INC	$3,042,000	+7.6%	26,920	+1.1%	0.79%	+16.8%
CHD	Sell	CHURCH & DWIGHT CO INC	$3,009,000	-23.5%	42,125	-0.7%	0.78%	-16.8%
D	Sell	DOMINION RESOURCES, INC.	$2,582,000	-14.2%	37,362	-1.0%	0.67%	-6.7%
FTV	Buy	FORTIVE CORP	$2,512,000	+11.0%	43,090	+3.5%	0.65%	+20.5%
GD	Sell	GENERAL DYNAMICS CORP	$2,448,000	-4.4%	11,538	-0.3%	0.64%	+3.9%
ZTS	Buy	ZOETIS INC	$2,443,000	-10.2%	16,472	+4.1%	0.64%	-2.5%
UL	Sell	UNILEVER PLC - ADR	$2,419,000	-4.5%	55,188	-0.1%	0.63%	+3.8%
EMRAF	Sell	EMERA INC.	$2,375,000	-13.4%	58,533	-0.0%	0.62%	-5.8%
MCI	Buy	BARINGS CORPORATE INVESTORSetf	$2,319,000	-3.1%	179,064	+0.3%	0.60%	+5.2%
DIS	Buy	WALT DISNEY COMPANY	$2,298,000	+0.3%	24,356	+0.4%	0.60%	+9.1%
RHHBY	Buy	ROCHE HOLDINGS LTD - ADR	$2,218,000	+0.0%	54,606	+2.7%	0.58%	+8.9%
USB	Buy	U.S. BANCORP	$2,191,000	-11.8%	54,341	+0.7%	0.57%	-4.0%
FIS	Buy	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$2,155,000	-17.3%	28,513	+0.3%	0.56%	-10.1%
CMCSA	Buy	COMCAST CORP - CL A	$2,122,000	-20.7%	72,360	+6.1%	0.55%	-13.9%
MAS	Sell	MASCO CORP	$1,971,000	-7.9%	42,216	-0.2%	0.51%	+0.2%
SPY	Buy	SPDR S&P 500 ETF TRUSTetf	$1,862,000	-4.4%	5,214	+1.0%	0.48%	+3.9%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,764,000	-8.1%	24,812	-0.4%	0.46%	0.0%
INTC	Sell	INTEL CORP	$1,609,000	-36.6%	62,422	-7.9%	0.42%	-31.0%
DASTY	Buy	DASSAULT SYSTEMES SA ADR	$1,551,000	-5.2%	44,970	+1.2%	0.40%	+3.1%
CVS	Buy	CVS HEALTH CORP	$1,484,000	+3.6%	15,556	+0.6%	0.39%	+12.5%
FB	Sell	META PLATFORMS INC	$1,460,000	-16.3%	10,759	-0.6%	0.38%	-9.1%
MDLZ	Buy	MONDELEZ INTERNATIONAL INC	$1,433,000	-5.7%	26,131	+6.7%	0.37%	+2.5%
COST	Buy	COSTCO WHOLESALE CLUB	$1,384,000	+0.6%	2,930	+2.1%	0.36%	+9.4%
ADSK	Sell	AUTODESK INC	$1,320,000	+8.5%	7,065	-0.2%	0.34%	+17.9%
PFE	Buy	PFIZER INC	$1,158,000	-12.3%	26,452	+5.0%	0.30%	-4.7%
JPM	Buy	JPMORGAN CHASE & CO.	$1,102,000	+6.5%	10,549	+14.8%	0.29%	+15.7%
APD	Sell	AIR PRODUCTS & CHEMICALS INC	$1,098,000	-7.3%	4,719	-4.1%	0.29%	+1.1%
V	Buy	VISA INC	$1,080,000	-3.1%	6,080	+7.4%	0.28%	+5.2%
TD	Buy	TORONTO-DOMINION BANK	$917,000	-5.9%	14,950	+0.6%	0.24%	+2.6%
WMT	Sell	WAL-MART STORES INC	$880,000	+2.8%	6,785	-3.6%	0.23%	+11.7%
	Buy	SHELL PLC - ADR	$854,000	+37.7%	17,168	+44.9%	0.22%	+50.0%
UNP	Buy	UNION PACIFIC CORP	$832,000	-6.0%	4,270	+2.9%	0.22%	+1.9%
NKE	Buy	NIKE, INC. - CL B	$767,000	-18.5%	9,232	+0.2%	0.20%	-11.1%
ADDYY	Sell	ADIDAS AG SPON ADR	$741,000	-41.6%	12,910	-9.8%	0.19%	-36.3%
CRM	Sell	SALESFORCE.COM, INC.	$711,000	-16.1%	4,946	-3.6%	0.18%	-8.9%
MKC	Buy	MCCORMICK & CO INC	$686,000	-13.6%	9,631	+1.0%	0.18%	-6.3%
BLL	Buy	BALL CORP	$673,000	+39.3%	13,920	+98.0%	0.18%	+50.9%
BA	Sell	BOEING COMPANY	$652,000	-13.6%	5,386	-2.4%	0.17%	-6.1%
FBHS	Sell	FORTUNE BRANDS HOME & SECURITY, INC.	$635,000	-10.8%	11,825	-0.6%	0.16%	-2.9%
ADBE	Buy	ADOBE SYSTEMS INC	$613,000	-20.2%	2,228	+6.2%	0.16%	-13.6%
AMGN	Buy	AMGEN INC	$536,000	-5.0%	2,379	+2.6%	0.14%	+3.0%
PYPL	Sell	PAYPAL HOLDINGS, INC.	$499,000	+22.9%	5,793	-0.4%	0.13%	+34.0%
BAC	Buy	BANK OF AMERICA CORP	$483,000	-2.4%	16,000	+0.7%	0.13%	+6.8%
CMI	Sell	CUMMINS INC.	$456,000	+1.3%	2,240	-3.7%	0.12%	+10.2%
CB	Buy	CHUBB LTD	$427,000	-6.6%	2,350	+1.1%	0.11%	+1.8%
MMM	Sell	3M COMPANY	$384,000	-86.2%	3,479	-83.8%	0.10%	-84.9%
COF	Buy	CAPITAL ONE FINANCIAL CORP	$367,000	-6.6%	3,981	+5.4%	0.10%	+1.1%
IBM	Buy	INTERNATIONAL BUSINESS MACHINES CORPORATION	$362,000	-13.0%	3,049	+3.5%	0.09%	-6.0%
CARR	Buy	CARRIER GLOBAL CORP	$337,000	+0.3%	9,487	+0.7%	0.09%	+10.0%
LHX	Sell	L3 HARRIS TECHNOLOGIES	$278,000	-18.0%	1,340	-4.4%	0.07%	-11.1%
OTIS	Sell	OTIS WORLDWIDE CORP	$274,000	-10.7%	4,296	-1.1%	0.07%	-2.7%
WFC	Buy	WELLS FARGO & CO	$272,000	+9.2%	6,759	+6.3%	0.07%	+18.3%
COG	Buy	COTERRA ENERGY INC.	$241,000	+6.2%	9,210	+4.6%	0.06%	+16.7%
TSM	Sell	TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY, LTD	$227,000	-16.5%	3,315	-0.5%	0.06%	-9.2%
MDT	Sell	MEDTRONIC, PLC	$218,000	-10.7%	2,700	-0.9%	0.06%	-1.7%
NUE	Sell	NUCOR CORP	$208,000	-3.7%	1,946	-6.0%	0.05%	+3.8%
	New	FIRST GRAPHENE LTD	$1,000	–	10,000	–	0.00%	–
QCOM	Exit	QUALCOMM INC	$0	–	-1,578	–	-0.05%	–
EBAY	Exit	EBAY INC	$0	–	-4,839	–	-0.05%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-2,682	–	-0.05%	–
SSNC	Exit	SS&C TECHNOLOGIES HOLDINGS INC	$0	–	-4,050	–	-0.06%	–
T	Exit	AT&T INC	$0	–	-12,667	–	-0.06%	–

Q2 2022

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$24,363,000	–	94,859	–	5.83%	–
JNJ	New	JOHNSON & JOHNSON	$12,933,000	–	72,858	–	3.09%	–
ABT	New	ABBOTT LABORATORIES	$12,477,000	–	114,840	–	2.98%	–
PEP	New	PEPSICO INC	$12,299,000	–	73,798	–	2.94%	–
DHR	New	DANAHER CORP	$10,376,000	–	40,927	–	2.48%	–
PG	New	PROCTER & GAMBLE COMPANY	$10,090,000	–	70,173	–	2.41%	–
NSRGY	New	NESTLE SA - ADR	$9,310,000	–	79,987	–	2.23%	–
GOOGL	New	ALPHABET INC - CL A (Voting)	$9,125,000	–	4,187	–	2.18%	–
KO	New	COCA-COLA COMPANY	$8,883,000	–	141,208	–	2.12%	–
TMO	New	THERMO FISHER SCIENTIFIC, INC.	$8,620,000	–	15,866	–	2.06%	–
MCD	New	MCDONALD`S CORP	$8,403,000	–	34,036	–	2.01%	–
CVX	New	CHEVRON CORP	$8,142,000	–	56,235	–	1.95%	–
MA	New	MASTERCARD, INC.	$7,982,000	–	25,302	–	1.91%	–
LIN	New	LINDE PLC	$7,941,000	–	27,619	–	1.90%	–
MRK	New	MERCK & CO. INC.	$7,566,000	–	82,987	–	1.81%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$7,424,000	–	75,189	–	1.78%	–
TXN	New	TEXAS INSTRUMENTS INC	$7,365,000	–	47,933	–	1.76%	–
UPS	New	UNITED PARCEL SERVICE - CL B	$7,125,000	–	39,033	–	1.70%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$7,063,000	–	73,484	–	1.69%	–
BDX	New	BECTON DICKINSON & CO.	$7,025,000	–	28,495	–	1.68%	–
XOM	New	EXXON MOBIL CORP	$6,961,000	–	81,284	–	1.67%	–
ITW	New	ILLINOIS TOOL WORKS	$6,961,000	–	38,195	–	1.67%	–
KMB	New	KIMBERLY-CLARK CORP	$6,930,000	–	51,275	–	1.66%	–
SYY	New	SYSCO CORP	$6,858,000	–	80,964	–	1.64%	–
AXP	New	AMERICAN EXPRESS CO	$6,542,000	–	47,193	–	1.56%	–
TROW	New	T. ROWE PRICE GROUP INC.	$6,340,000	–	55,801	–	1.52%	–
HD	New	HOME DEPOT INC	$5,901,000	–	21,517	–	1.41%	–
GIS	New	GENERAL MILLS INC	$5,679,000	–	75,267	–	1.36%	–
SO	New	SOUTHERN COMPANY	$5,680,000	–	79,655	–	1.36%	–
AAPL	New	APPLE INC.	$5,642,000	–	41,266	–	1.35%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$5,504,000	–	34,884	–	1.32%	–
VZ	New	VERIZON COMMUNICATIONS INC	$5,227,000	–	102,987	–	1.25%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,172,000	–	10,070	–	1.24%	–
ABBV	New	ABBVIE INC.	$5,164,000	–	33,714	–	1.24%	–
GOOG	New	ALPHABET INC - CL C (Non-Voting)	$5,145,000	–	2,352	–	1.23%	–
MTB	New	M & T BANK CORPORATION	$5,006,000	–	31,408	–	1.20%	–
SWK	New	STANLEY BLACK & DECKER INC	$4,845,000	–	46,209	–	1.16%	–
ADP	New	AUTOMATIC DATA PROCESSING	$4,812,000	–	22,908	–	1.15%	–
NVDA	New	NVIDIA CORP	$4,538,000	–	29,933	–	1.09%	–
DEO	New	DIAGEO PLC - ADR	$4,492,000	–	25,799	–	1.08%	–
EMR	New	EMERSON ELECTRIC CO	$4,211,000	–	52,947	–	1.01%	–
ECL	New	ECOLAB INC	$4,095,000	–	26,632	–	0.98%	–
DUK	New	DUKE ENERGY CORPORATION	$3,945,000	–	36,793	–	0.94%	–
CHD	New	CHURCH & DWIGHT CO INC	$3,931,000	–	42,419	–	0.94%	–
BRKB	New	BERKSHIRE HATHAWAY INC - CL B	$3,545,000	–	12,984	–	0.85%	–
HON	New	HONEYWELL INTERNATIONAL INC	$3,403,000	–	19,576	–	0.81%	–
D	New	DOMINION RESOURCES, INC.	$3,011,000	–	37,722	–	0.72%	–
SYK	New	STRYKER CORP	$2,876,000	–	14,457	–	0.69%	–
AMZN	New	AMAZON.COM INC	$2,828,000	–	26,625	–	0.68%	–
MMM	New	3M COMPANY	$2,774,000	–	21,437	–	0.66%	–
IJH	New	ISHARES CORE S&P MID-CAP ETFetf	$2,767,000	–	12,231	–	0.66%	–
EMRAF	New	EMERA INC.	$2,743,000	–	58,538	–	0.66%	–
ZTS	New	ZOETIS INC	$2,720,000	–	15,827	–	0.65%	–
CMCSA	New	COMCAST CORP - CL A	$2,677,000	–	68,222	–	0.64%	–
FIS	New	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$2,607,000	–	28,438	–	0.62%	–
GD	New	GENERAL DYNAMICS CORP	$2,561,000	–	11,576	–	0.61%	–
INTC	New	INTEL CORP	$2,537,000	–	67,805	–	0.61%	–
UL	New	UNILEVER PLC - ADR	$2,533,000	–	55,268	–	0.61%	–
USB	New	U.S. BANCORP	$2,483,000	–	53,945	–	0.59%	–
MCI	New	BARINGS CORPORATE INVESTORSetf	$2,393,000	–	178,464	–	0.57%	–
DIS	New	WALT DISNEY COMPANY	$2,291,000	–	24,268	–	0.55%	–
FTV	New	FORTIVE CORP	$2,264,000	–	41,640	–	0.54%	–
RHHBY	New	ROCHE HOLDINGS LTD - ADR	$2,217,000	–	53,156	–	0.53%	–
MAS	New	MASCO CORP	$2,139,000	–	42,281	–	0.51%	–
SPY	New	SPDR S&P 500 ETF TRUSTetf	$1,947,000	–	5,162	–	0.47%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,919,000	–	24,921	–	0.46%	–
FB	New	META PLATFORMS INC	$1,745,000	–	10,819	–	0.42%	–
DASTY	New	DASSAULT SYSTEMES SA ADR	$1,636,000	–	44,415	–	0.39%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$1,520,000	–	24,487	–	0.36%	–
CVS	New	CVS HEALTH CORP	$1,432,000	–	15,456	–	0.34%	–
COST	New	COSTCO WHOLESALE CLUB	$1,376,000	–	2,870	–	0.33%	–
PFE	New	PFIZER INC	$1,321,000	–	25,190	–	0.32%	–
ADDYY	New	ADIDAS AG SPON ADR	$1,268,000	–	14,315	–	0.30%	–
ADSK	New	AUTODESK INC	$1,217,000	–	7,080	–	0.29%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$1,184,000	–	4,922	–	0.28%	–
V	New	VISA INC	$1,114,000	–	5,660	–	0.27%	–
JPM	New	JPMORGAN CHASE & CO.	$1,035,000	–	9,187	–	0.25%	–
TD	New	TORONTO-DOMINION BANK	$974,000	–	14,854	–	0.23%	–
NKE	New	NIKE, INC. - CL B	$941,000	–	9,211	–	0.22%	–
UNP	New	UNION PACIFIC CORP	$885,000	–	4,150	–	0.21%	–
AVY	New	AVERY DENNISON CORP	$861,000	–	5,320	–	0.21%	–
WMT	New	WAL-MART STORES INC	$856,000	–	7,040	–	0.20%	–
CRM	New	SALESFORCE.COM, INC.	$847,000	–	5,131	–	0.20%	–
MKC	New	MCCORMICK & CO INC	$794,000	–	9,533	–	0.19%	–
ADBE	New	ADOBE SYSTEMS INC	$768,000	–	2,098	–	0.18%	–
BA	New	BOEING COMPANY	$755,000	–	5,521	–	0.18%	–
CSCO	New	CISCO SYSTEMS INC	$739,000	–	17,333	–	0.18%	–
ORCL	New	ORACLE CORP	$713,000	–	10,200	–	0.17%	–
FBHS	New	FORTUNE BRANDS HOME & SECURITY, INC.	$712,000	–	11,895	–	0.17%	–
	New	SHELL PLC - ADR	$620,000	–	11,850	–	0.15%	–
AMGN	New	AMGEN INC	$564,000	–	2,319	–	0.14%	–
LLY	New	ELY LILLY & CO	$517,000	–	1,594	–	0.12%	–
BAC	New	BANK OF AMERICA CORP	$495,000	–	15,895	–	0.12%	–
TRV	New	TRAVELERS COMPANIES, INC.	$490,000	–	2,897	–	0.12%	–
BLL	New	BALL CORP	$483,000	–	7,030	–	0.12%	–
CB	New	CHUBB LTD	$457,000	–	2,325	–	0.11%	–
CMI	New	CUMMINS INC.	$450,000	–	2,327	–	0.11%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES CORPORATION	$416,000	–	2,947	–	0.10%	–
PYPL	New	PAYPAL HOLDINGS, INC.	$406,000	–	5,818	–	0.10%	–
CAC	New	CAMDEN NATIONAL CORP	$392,000	–	8,900	–	0.09%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$393,000	–	3,776	–	0.09%	–
AEP	New	AMERICAN ELECTRIC POWER	$389,000	–	4,057	–	0.09%	–
VRSK	New	VERISK ANALYTICS	$381,000	–	2,200	–	0.09%	–
PGR	New	PROGRESSIVE CORPORATION	$374,000	–	3,220	–	0.09%	–
LHX	New	L3 HARRIS TECHNOLOGIES	$339,000	–	1,402	–	0.08%	–
CARR	New	CARRIER GLOBAL CORP	$336,000	–	9,417	–	0.08%	–
GS	New	GOLDMAN SACHS GROUP INC	$323,000	–	1,086	–	0.08%	–
TXT	New	TEXTRON INC	$311,000	–	5,100	–	0.07%	–
OTIS	New	OTIS WORLDWIDE CORP	$307,000	–	4,343	–	0.07%	–
XLK	New	TECHNOLOGY SELECT SECTOR SPDRetf	$285,000	–	2,240	–	0.07%	–
CNI	New	CANADIAN NATL RAILWAY CO	$274,000	–	2,435	–	0.07%	–
TSM	New	TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY, LTD	$272,000	–	3,330	–	0.06%	–
T	New	AT&T INC	$266,000	–	12,667	–	0.06%	–
BHB	New	BAR HARBOR BANKSHARES	$264,000	–	10,210	–	0.06%	–
WBS	New	WEBSTER FINANCIAL CORP	$257,000	–	6,086	–	0.06%	–
WFC	New	WELLS FARGO & CO	$249,000	–	6,359	–	0.06%	–
MDT	New	MEDTRONIC, PLC	$244,000	–	2,724	–	0.06%	–
SSNC	New	SS&C TECHNOLOGIES HOLDINGS INC	$235,000	–	4,050	–	0.06%	–
COG	New	COTERRA ENERGY INC.	$227,000	–	8,809	–	0.05%	–
NUE	New	NUCOR CORP	$216,000	–	2,071	–	0.05%	–
NEE	New	NEXTERA ENERGY INC	$208,000	–	2,682	–	0.05%	–
QCOM	New	QUALCOMM INC	$202,000	–	1,578	–	0.05%	–
EBAY	New	EBAY INC	$202,000	–	4,839	–	0.05%	–
	New	ALTABA INC - ESCROW SHARES	$76,000	–	15,000	–	0.02%	–

Q4 2021

			Value		Shares		↓ Weighting
ESSE	Exit	EARTH SEARCH SCIENCES INC	$0	–	-10,000	–	0.00%	–
	Exit	ALTABA INC - ESCROW SHARES	$0	–	-15,000	–	-0.02%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-2,602	–	-0.04%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,411	–	-0.04%	–
LOW	Exit	LOWE'S COMPANIES	$0	–	-1,012	–	-0.05%	–
NUE	Exit	NUCOR CORP	$0	–	-2,096	–	-0.05%	–
TT	Exit	TRANE TECHNOLOGIES PLC	$0	–	-1,250	–	-0.05%	–
QCOM	Exit	QUALCOMM INC	$0	–	-1,728	–	-0.05%	–
NTAP	Exit	NETAPP, INC	$0	–	-2,675	–	-0.05%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-3,006	–	-0.05%	–
LLY	Exit	ELY LILLY & CO	$0	–	-1,093	–	-0.06%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC - ADR B	$0	–	-6,175	–	-0.06%	–
SSNC	Exit	SS&C TECHNOLOGIES HOLDINGS INC	$0	–	-4,050	–	-0.06%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-6,224	–	-0.06%	–
VRSK	Exit	VERISK ANALYTICS	$0	–	-1,503	–	-0.07%	–
LHX	Exit	L3 HARRIS TECHNOLOGIES	$0	–	-1,366	–	-0.07%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-2,520	–	-0.07%	–
CNI	Exit	CANADIAN NATL RAILWAY CO	$0	–	-2,625	–	-0.07%	–
MDT	Exit	MEDTRONIC, PLC	$0	–	-2,480	–	-0.07%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY, LTD	$0	–	-2,775	–	-0.07%	–
BHB	Exit	BAR HARBOR BANKSHARES	$0	–	-11,460	–	-0.07%	–
AEP	Exit	AMERICAN ELECTRIC POWER	$0	–	-3,907	–	-0.07%	–
PGR	Exit	PROGRESSIVE CORPORATION	$0	–	-3,645	–	-0.07%	–
WBS	Exit	WEBSTER FINANCIAL CORP	$0	–	-6,086	–	-0.07%	–
EBAY	Exit	EBAY INC	$0	–	-4,874	–	-0.08%	–
XLK	Exit	TECHNOLOGY SELECT SECTOR SPDRetf	$0	–	-2,335	–	-0.08%	–
IFF	Exit	INTL FLAVORS & FRAGRANCES	$0	–	-2,706	–	-0.08%	–
TXT	Exit	TEXTRON INC	$0	–	-5,700	–	-0.09%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,055	–	-0.09%	–
CB	Exit	CHUBB LTD	$0	–	-2,327	–	-0.09%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES CORPORATION	$0	–	-3,143	–	-0.10%	–
CAC	Exit	CAMDEN NATIONAL CORP	$0	–	-10,700	–	-0.11%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-6,374	–	-0.12%	–
CARR	Exit	CARRIER GLOBAL CORP	$0	–	-10,217	–	-0.12%	–
TRV	Exit	TRAVELERS COMPANIES, INC.	$0	–	-3,729	–	-0.13%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP	$0	–	-3,721	–	-0.13%	–
T	Exit	AT&T INC	$0	–	-24,045	–	-0.14%	–
CMI	Exit	CUMMINS INC.	$0	–	-3,024	–	-0.15%	–
AMGN	Exit	AMGEN INC	$0	–	-3,208	–	-0.15%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-16,252	–	-0.15%	–
STZ	Exit	CONSTELLATION BRANDS INC A	$0	–	-3,631	–	-0.17%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-4,140	–	-0.18%	–
ORCL	Exit	ORACLE CORP	$0	–	-10,200	–	-0.20%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-17,520	–	-0.21%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-6,996	–	-0.22%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-1,707	–	-0.22%	–
TD	Exit	TORONTO-DOMINION BANK	$0	–	-16,354	–	-0.24%	–
FBHS	Exit	FORTUNE BRANDS HOME & SECURITY, INC.	$0	–	-12,135	–	-0.24%	–
PFE	Exit	PFIZER INC	$0	–	-25,325	–	-0.24%	–
V	Exit	VISA INC	$0	–	-5,310	–	-0.26%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-4,721	–	-0.27%	–
COST	Exit	COSTCO WHOLESALE CLUB	$0	–	-2,870	–	-0.29%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-6,270	–	-0.29%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-7,953	–	-0.29%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-15,496	–	-0.29%	–
PYPL	Exit	PAYPAL HOLDINGS, INC.	$0	–	-5,078	–	-0.29%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-22,810	–	-0.30%	–
BA	Exit	BOEING COMPANY	$0	–	-6,035	–	-0.30%	–
NKE	Exit	NIKE, INC. - CL B	$0	–	-9,479	–	-0.31%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-23,921	–	-0.32%	–
CRM	Exit	SALESFORCE.COM, INC.	$0	–	-5,294	–	-0.32%	–
ZTS	Exit	ZOETIS INC	$0	–	-9,761	–	-0.42%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-19,013	–	-0.44%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-4,935	–	-0.47%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-12,017	–	-0.52%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-11,404	–	-0.54%	–
DASTY	Exit	DASSAULT SYSTEMES SA ADR	$0	–	-47,500	–	-0.56%	–
RHHBY	Exit	ROCHE HOLDINGS LTD - ADR	$0	–	-55,776	–	-0.56%	–
FB	Exit	FACEBOOK INC	$0	–	-7,534	–	-0.57%	–
EMRAF	Exit	EMERA INC.	$0	–	-57,058	–	-0.57%	–
MCI	Exit	BARINGS CORPORATE INVESTORSetf	$0	–	-165,804	–	-0.57%	–
MAS	Exit	MASCO CORP	$0	–	-48,305	–	-0.60%	–
D	Exit	DOMINION RESOURCES, INC.	$0	–	-39,804	–	-0.65%	–
FTV	Exit	FORTIVE CORP	$0	–	-41,754	–	-0.66%	–
CMCSA	Exit	COMCAST CORP - CL A	$0	–	-54,656	–	-0.68%	–
USB	Exit	U.S. BANCORP	$0	–	-51,896	–	-0.69%	–
UL	Exit	UNILEVER PLC - ADR	$0	–	-58,010	–	-0.70%	–
IJH	Exit	ISHARES CORE S&P MID-CAP ETFetf	$0	–	-12,141	–	-0.71%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-19,406	–	-0.73%	–
ABBV	Exit	ABBVIE INC.	$0	–	-31,738	–	-0.76%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC - CL B	$0	–	-12,633	–	-0.77%	–
FIS	Exit	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$0	–	-28,590	–	-0.77%	–
SYK	Exit	STRYKER CORP	$0	–	-13,559	–	-0.80%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-36,834	–	-0.80%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-43,969	–	-0.81%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-9,919	–	-0.86%	–
INTC	Exit	INTEL CORP	$0	–	-75,176	–	-0.89%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-1,223	–	-0.89%	–
MMM	Exit	3M COMPANY	$0	–	-23,237	–	-0.91%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-21,994	–	-0.98%	–
MTB	Exit	M & T BANK CORPORATION	$0	–	-30,910	–	-1.03%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-79,894	–	-1.06%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-81,326	–	-1.12%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-85,874	–	-1.12%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-53,957	–	-1.13%	–
DEO	Exit	DIAGEO PLC - ADR	$0	–	-27,355	–	-1.18%	–
ECL	Exit	ECOLAB INC	$0	–	-26,524	–	-1.23%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-103,613	–	-1.24%	–
AAPL	Exit	APPLE INC.	$0	–	-39,632	–	-1.25%	–
NVDA	Exit	NVIDIA CORP	$0	–	-28,683	–	-1.32%	–
CVX	Exit	CHEVRON CORP	$0	–	-59,271	–	-1.34%	–
MRK	Exit	MERCK & CO. INC.	$0	–	-83,699	–	-1.40%	–
GOOG	Exit	ALPHABET INC - CL C (Non-Voting)	$0	–	-2,388	–	-1.42%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-74,491	–	-1.42%	–
SYY	Exit	SYSCO CORP	$0	–	-83,512	–	-1.46%	–
HD	Exit	HOME DEPOT INC	$0	–	-20,660	–	-1.51%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-35,432	–	-1.54%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-54,053	–	-1.59%	–
BDX	Exit	BECTON DICKINSON & CO.	$0	–	-29,345	–	-1.60%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-76,262	–	-1.61%	–
UPS	Exit	UNITED PARCEL SERVICE - CL B	$0	–	-39,764	–	-1.61%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-147,494	–	-1.72%	–
LIN	Exit	LINDE PLC	$0	–	-27,368	–	-1.79%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-46,310	–	-1.81%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-49,182	–	-1.83%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-40,168	–	-1.85%	–
MCD	Exit	MCDONALD`S CORP	$0	–	-35,687	–	-1.91%	–
MA	Exit	MASTERCARD, INC.	$0	–	-26,105	–	-2.02%	–
TMO	Exit	THERMO FISHER SCIENTIFIC, INC.	$0	–	-15,984	–	-2.03%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-48,624	–	-2.08%	–
NSRGY	Exit	NESTLE SA - ADR	$0	–	-80,902	–	-2.16%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-72,078	–	-2.24%	–
GOOGL	Exit	ALPHABET INC - CL A (Voting)	$0	–	-3,969	–	-2.36%	–
TROW	Exit	T. ROWE PRICE GROUP INC.	$0	–	-54,645	–	-2.39%	–
PEP	Exit	PEPSICO INC	$0	–	-75,545	–	-2.53%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-73,051	–	-2.62%	–
DHR	Exit	DANAHER CORP	$0	–	-43,057	–	-2.92%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-117,917	–	-3.10%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-95,235	–	-5.97%	–

Q3 2021

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$26,849,000	+3.2%	95,235	-0.8%	5.97%	+1.9%
ABT	Sell	ABBOTT LABORATORIES	$13,930,000	+0.2%	117,917	-1.6%	3.10%	-1.1%
DHR	Sell	DANAHER CORP	$13,108,000	+10.8%	43,057	-2.3%	2.92%	+9.4%
JNJ	Sell	JOHNSON & JOHNSON	$11,798,000	-2.6%	73,051	-0.7%	2.62%	-3.9%
PEP	Sell	PEPSICO INC	$11,363,000	+0.1%	75,545	-1.4%	2.53%	-1.2%
TROW	Sell	T. ROWE PRICE GROUP INC.	$10,749,000	-2.1%	54,645	-1.5%	2.39%	-3.4%
GOOGL	Sell	ALPHABET INC - CL A (Voting)	$10,611,000	+8.9%	3,969	-0.6%	2.36%	+7.5%
PG	Sell	PROCTER & GAMBLE COMPANY	$10,077,000	+2.7%	72,078	-0.9%	2.24%	+1.4%
NSRGY	Sell	NESTLE SA - ADR	$9,725,000	-4.0%	80,902	-0.4%	2.16%	-5.3%
TXN	Buy	TEXAS INSTRUMENTS INC	$9,346,000	+0.5%	48,624	+0.6%	2.08%	-0.8%
TMO	Sell	THERMO FISHER SCIENTIFIC, INC.	$9,132,000	+12.1%	15,984	-1.1%	2.03%	+10.6%
MA	Buy	MASTERCARD, INC.	$9,076,000	-4.1%	26,105	+0.7%	2.02%	-5.3%
MCD	Sell	MCDONALD`S CORP	$8,604,000	+2.2%	35,687	-2.1%	1.91%	+0.9%
ITW	Sell	ILLINOIS TOOL WORKS	$8,300,000	-8.2%	40,168	-0.7%	1.85%	-9.4%
AXP	Sell	AMERICAN EXPRESS CO	$8,239,000	-0.3%	49,182	-1.7%	1.83%	-1.6%
SWK	Buy	STANLEY BLACK & DECKER INC	$8,119,000	-12.2%	46,310	+2.7%	1.81%	-13.3%
LIN	Sell	LINDE PLC	$8,029,000	-0.2%	27,368	-1.6%	1.79%	-1.5%
KO	Sell	COCA-COLA COMPANY	$7,739,000	-3.9%	147,494	-0.9%	1.72%	-5.2%
UPS	Buy	UNITED PARCEL SERVICE - CL B	$7,241,000	-10.0%	39,764	+2.8%	1.61%	-11.1%
PM	Sell	PHILIP MORRIS INTERNATIONAL	$7,229,000	-5.1%	76,262	-0.8%	1.61%	-6.3%
BDX	Sell	BECTON DICKINSON & CO.	$7,214,000	+0.1%	29,345	-1.0%	1.60%	-1.2%
KMB	Sell	KIMBERLY-CLARK CORP	$7,159,000	-2.3%	54,053	-1.3%	1.59%	-3.5%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$6,932,000	+4.0%	35,432	+1.4%	1.54%	+2.7%
HD	Sell	HOME DEPOT INC	$6,782,000	+2.0%	20,660	-0.9%	1.51%	+0.7%
SYY	Buy	SYSCO CORP	$6,556,000	+14.1%	83,512	+13.0%	1.46%	+12.7%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP	$6,403,000	-0.1%	74,491	-0.8%	1.42%	-1.4%
GOOG	Sell	ALPHABET INC - CL C (Non-Voting)	$6,365,000	+6.2%	2,388	-0.1%	1.42%	+4.8%
MRK	Buy	MERCK & CO. INC.	$6,287,000	-3.4%	83,699	+0.1%	1.40%	-4.6%
CVX	Buy	CHEVRON CORP	$6,013,000	-0.4%	59,271	+2.9%	1.34%	-1.6%
NVDA	Buy	NVIDIA CORP	$5,942,000	+3.6%	28,683	+300.0%	1.32%	+2.2%
AAPL	Sell	APPLE INC.	$5,608,000	+2.9%	39,632	-0.4%	1.25%	+1.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$5,596,000	+1.1%	103,613	+4.9%	1.24%	-0.2%
ECL	Sell	ECOLAB INC	$5,534,000	+0.7%	26,524	-0.6%	1.23%	-0.6%
DEO	Sell	DIAGEO PLC - ADR	$5,280,000	-2.4%	27,355	-3.1%	1.18%	-3.6%
EMR	Sell	EMERSON ELECTRIC CO	$5,083,000	-2.9%	53,957	-0.8%	1.13%	-4.2%
XOM	Buy	EXXON MOBIL CORP	$5,051,000	-5.9%	85,874	+0.9%	1.12%	-7.1%
SO	Buy	SOUTHERN COMPANY	$5,040,000	+4.2%	81,326	+1.8%	1.12%	+2.8%
GIS	Buy	GENERAL MILLS INC	$4,779,000	-1.1%	79,894	+0.8%	1.06%	-2.4%
MTB	Buy	M & T BANK CORPORATION	$4,616,000	+11.7%	30,910	+8.7%	1.03%	+10.2%
ADP	Sell	AUTOMATIC DATA PROCESSING	$4,397,000	-1.0%	21,994	-1.7%	0.98%	-2.3%
MMM	Buy	3M COMPANY	$4,076,000	-10.8%	23,237	+1.0%	0.91%	-12.0%
AMZN	Buy	AMAZON.COM INC	$4,018,000	+2.9%	1,223	+7.8%	0.89%	+1.6%
INTC	Buy	INTEL CORP	$4,005,000	-4.4%	75,176	+0.7%	0.89%	-5.6%
UNH	Sell	UNITEDHEALTH GROUP INC	$3,876,000	-4.9%	9,919	-2.6%	0.86%	-6.2%
DUK	Buy	DUKE ENERGY CORPORATION	$3,595,000	+0.5%	36,834	+1.7%	0.80%	-0.7%
SYK	Sell	STRYKER CORP	$3,576,000	+0.7%	13,559	-0.9%	0.80%	-0.6%
FIS	Buy	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$3,479,000	-10.7%	28,590	+4.0%	0.77%	-11.8%
BRKB	Sell	BERKSHIRE HATHAWAY INC - CL B	$3,448,000	-2.8%	12,633	-1.0%	0.77%	-4.0%
ABBV	Buy	ABBVIE INC.	$3,424,000	-3.0%	31,738	+1.3%	0.76%	-4.3%
DIS	Buy	WALT DISNEY COMPANY	$3,283,000	-2.4%	19,406	+1.4%	0.73%	-3.7%
IJH	New	ISHARES CORE S&P MID-CAP ETFetf	$3,194,000	–	12,141	–	0.71%	–
UL	Buy	UNILEVER PLC - ADR	$3,145,000	-3.3%	58,010	+4.3%	0.70%	-4.5%
USB	Buy	U.S. BANCORP	$3,085,000	+6.3%	51,896	+1.9%	0.69%	+4.9%
CMCSA	Buy	COMCAST CORP - CL A	$3,057,000	+11.6%	54,656	+13.8%	0.68%	+10.0%
FTV	Buy	FORTIVE CORP	$2,947,000	+1.7%	41,754	+0.4%	0.66%	+0.5%
D	Buy	DOMINION RESOURCES, INC.	$2,906,000	+1.4%	39,804	+2.2%	0.65%	+0.2%
MAS	Sell	MASCO CORP	$2,683,000	-7.3%	48,305	-1.6%	0.60%	-8.4%
EMRAF	Buy	EMERA INC.	$2,582,000	+0.6%	57,058	+0.9%	0.57%	-0.7%
MCI	Sell	BARINGS CORPORATE INVESTORSetf	$2,578,000	+1.3%	165,804	-1.0%	0.57%	0.0%
FB	Buy	FACEBOOK INC	$2,557,000	+17.9%	7,534	+20.9%	0.57%	+16.4%
RHHBY	Sell	ROCHE HOLDINGS LTD - ADR	$2,536,000	-5.4%	55,776	-2.2%	0.56%	-6.6%
DASTY	Buy	DASSAULT SYSTEMES SA ADR	$2,503,000	+4.6%	47,500	+383.7%	0.56%	+3.3%
HON	Sell	HONEYWELL INTERNATIONAL INC	$2,421,000	-4.0%	11,404	-0.8%	0.54%	-5.1%
GD	Sell	GENERAL DYNAMICS CORP	$2,356,000	+2.5%	12,017	-1.6%	0.52%	+1.2%
SPY	New	SPDR S&P 500 ETF TRUSTetf	$2,118,000	–	4,935	–	0.47%	–
GE	Sell	GENERAL ELECTRIC CO	$1,959,000	-3.6%	19,013	-87.4%	0.44%	-4.8%
CRM	Buy	SALESFORCE.COM, INC.	$1,436,000	+18.3%	5,294	+6.5%	0.32%	+16.8%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,415,000	-11.6%	23,921	-0.2%	0.32%	-12.7%
NKE	Sell	NIKE, INC. - CL B	$1,377,000	-6.8%	9,479	-0.9%	0.31%	-8.1%
MDLZ	Buy	MONDELEZ INTERNATIONAL INC	$1,327,000	-2.9%	22,810	+4.2%	0.30%	-4.2%
BA	Buy	BOEING COMPANY	$1,327,000	-0.7%	6,035	+8.2%	0.30%	-2.0%
PYPL	Sell	PAYPAL HOLDINGS, INC.	$1,321,000	-11.3%	5,078	-0.6%	0.29%	-12.5%
CVS	Sell	CVS HEALTH CORP	$1,315,000	+0.9%	15,496	-0.7%	0.29%	-0.3%
JPM	Buy	JPMORGAN CHASE & CO.	$1,302,000	+11.3%	7,953	+5.7%	0.29%	+9.8%
AVY	Sell	AVERY DENNISON CORP	$1,299,000	-6.1%	6,270	-4.8%	0.29%	-7.4%
APD	Buy	AIR PRODUCTS & CHEMICALS INC	$1,209,000	+133.8%	4,721	+162.7%	0.27%	+129.9%
V	Buy	VISA INC	$1,183,000	-4.2%	5,310	+0.6%	0.26%	-5.4%
FBHS	Buy	FORTUNE BRANDS HOME & SECURITY, INC.	$1,085,000	-7.4%	12,135	+3.1%	0.24%	-8.7%
ADBE	Buy	ADOBE SYSTEMS INC	$983,000	+3.4%	1,707	+5.1%	0.22%	+2.3%
WMT	Buy	WAL-MART STORES INC	$975,000	-0.2%	6,996	+1.0%	0.22%	-1.4%
CSCO	Sell	CISCO SYSTEMS INC	$954,000	+2.3%	17,520	-0.5%	0.21%	+1.0%
ORCL	Buy	ORACLE CORP	$889,000	+14.3%	10,200	+2.0%	0.20%	+13.1%
UNP	Buy	UNION PACIFIC CORP	$811,000	-9.9%	4,140	+1.2%	0.18%	-11.3%
STZ	Sell	CONSTELLATION BRANDS INC A	$765,000	-30.5%	3,631	-22.9%	0.17%	-31.5%
AMGN	Sell	AMGEN INC	$682,000	-15.4%	3,208	-3.0%	0.15%	-16.5%
CMI	Buy	CUMMINS INC.	$679,000	-3.6%	3,024	+4.7%	0.15%	-5.0%
T	Sell	AT&T INC	$649,000	-10.9%	24,045	-5.0%	0.14%	-12.2%
CARR	Sell	CARRIER GLOBAL CORP	$529,000	+5.6%	10,217	-1.0%	0.12%	+4.4%
OTIS	Sell	OTIS WORLDWIDE CORP	$524,000	-0.6%	6,374	-1.0%	0.12%	-1.7%
IBM	Sell	INTERNATIONAL BUSINESS MACHINES CORPORATION	$437,000	-16.1%	3,143	-11.5%	0.10%	-17.1%
CB	Sell	CHUBB LTD	$404,000	+6.9%	2,327	-2.1%	0.09%	+5.9%
GS	Sell	GOLDMAN SACHS GROUP INC	$399,000	-1.2%	1,055	-0.9%	0.09%	-2.2%
IFF	Sell	INTL FLAVORS & FRAGRANCES	$362,000	-14.6%	2,706	-4.6%	0.08%	-15.6%
XLK	New	TECHNOLOGY SELECT SECTOR SPDRetf	$349,000	–	2,335	–	0.08%	–
PGR	Sell	PROGRESSIVE CORPORATION	$329,000	-14.5%	3,645	-7.0%	0.07%	-16.1%
BHB	Sell	BAR HARBOR BANKSHARES	$321,000	-10.1%	11,460	-8.1%	0.07%	-11.2%
MDT	Sell	MEDTRONIC, PLC	$311,000	-0.3%	2,480	-1.4%	0.07%	-1.4%
TSM	Sell	TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY, LTD	$310,000	-8.3%	2,775	-1.2%	0.07%	-9.2%
VRSK	Buy	VERISK ANALYTICS	$301,000	+49.0%	1,503	+29.8%	0.07%	+45.7%
ABC	Sell	AMERISOURCEBERGEN CORP	$301,000	-6.8%	2,520	-10.6%	0.07%	-8.2%
WFC	Sell	WELLS FARGO & CO	$289,000	-4.0%	6,224	-6.3%	0.06%	-5.9%
SSNC	Sell	SS&C TECHNOLOGIES HOLDINGS INC	$281,000	-4.7%	4,050	-1.2%	0.06%	-4.5%
RDSB	Buy	ROYAL DUTCH SHELL PLC - ADR B	$273,000	+19.7%	6,175	+5.1%	0.06%	+19.6%
LLY	Sell	ELY LILLY & CO	$253,000	-0.4%	1,093	-1.1%	0.06%	-1.8%
MKC	New	MCCORMICK & CO INC	$244,000	–	3,006	–	0.05%	–
NUE	New	NUCOR CORP	$206,000	–	2,096	–	0.05%	–
LOW	New	LOWE'S COMPANIES	$205,000	–	1,012	–	0.05%	–
MO	Sell	ALTRIA GROUP INC	$201,000	-8.2%	4,411	-3.8%	0.04%	-8.2%
NEE	New	NEXTERA ENERGY INC	$204,000	–	2,602	–	0.04%	–
OGN	Exit	ORGANON & CO.	$0	–	-8,104	–	-0.06%	–
WORK	Exit	SLACK TECHNOLOGIES INC	$0	–	-6,150	–	-0.06%	–
GILD	Exit	GILEAD SCIENCES, INC.	$0	–	-7,285	–	-0.11%	–

Q2 2021

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$26,019,000	–	96,048	–	5.86%	–
ABT	New	ABBOTT LABORATORIES	$13,899,000	–	119,893	–	3.13%	–
JNJ	New	JOHNSON & JOHNSON	$12,118,000	–	73,556	–	2.73%	–
DHR	New	DANAHER CORP	$11,827,000	–	44,072	–	2.67%	–
PEP	New	PEPSICO INC	$11,356,000	–	76,640	–	2.56%	–
TROW	New	T. ROWE PRICE GROUP INC.	$10,985,000	–	55,488	–	2.48%	–
NSRGY	New	NESTLE SA - ADR	$10,133,000	–	81,229	–	2.28%	–
PG	New	PROCTER & GAMBLE COMPANY	$9,814,000	–	72,734	–	2.21%	–
GOOGL	New	ALPHABET INC - CL A (Voting)	$9,748,000	–	3,992	–	2.20%	–
MA	New	MASTERCARD, INC.	$9,464,000	–	25,923	–	2.13%	–
TXN	New	TEXAS INSTRUMENTS INC	$9,296,000	–	48,340	–	2.10%	–
SWK	New	STANLEY BLACK & DECKER INC	$9,243,000	–	45,091	–	2.08%	–
ITW	New	ILLINOIS TOOL WORKS	$9,044,000	–	40,455	–	2.04%	–
MCD	New	MCDONALD`S CORP	$8,417,000	–	36,439	–	1.90%	–
AXP	New	AMERICAN EXPRESS CO	$8,265,000	–	50,019	–	1.86%	–
TMO	New	THERMO FISHER SCIENTIFIC, INC.	$8,149,000	–	16,154	–	1.84%	–
KO	New	COCA-COLA COMPANY	$8,056,000	–	148,881	–	1.82%	–
UPS	New	UNITED PARCEL SERVICE - CL B	$8,043,000	–	38,676	–	1.81%	–
LIN	New	LINDE PLC	$8,043,000	–	27,822	–	1.81%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$7,619,000	–	76,877	–	1.72%	–
KMB	New	KIMBERLY-CLARK CORP	$7,327,000	–	54,769	–	1.65%	–
BDX	New	BECTON DICKINSON & CO.	$7,208,000	–	29,638	–	1.62%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$6,665,000	–	34,938	–	1.50%	–
HD	New	HOME DEPOT INC	$6,647,000	–	20,845	–	1.50%	–
MRK	New	MERCK & CO. INC.	$6,506,000	–	83,654	–	1.47%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$6,409,000	–	75,121	–	1.44%	–
CVX	New	CHEVRON CORP	$6,036,000	–	57,627	–	1.36%	–
GOOG	New	ALPHABET INC - CL C (Non-Voting)	$5,993,000	–	2,391	–	1.35%	–
SYY	New	SYSCO CORP	$5,745,000	–	73,885	–	1.30%	–
NVDA	New	NVIDIA CORP	$5,737,000	–	7,170	–	1.29%	–
VZ	New	VERIZON COMMUNICATIONS INC	$5,534,000	–	98,760	–	1.25%	–
ECL	New	ECOLAB INC	$5,495,000	–	26,678	–	1.24%	–
AAPL	New	APPLE INC.	$5,448,000	–	39,781	–	1.23%	–
DEO	New	DIAGEO PLC - ADR	$5,409,000	–	28,216	–	1.22%	–
XOM	New	EXXON MOBIL CORP	$5,367,000	–	85,076	–	1.21%	–
EMR	New	EMERSON ELECTRIC CO	$5,237,000	–	54,417	–	1.18%	–
SO	New	SOUTHERN COMPANY	$4,835,000	–	79,910	–	1.09%	–
GIS	New	GENERAL MILLS INC	$4,830,000	–	79,267	–	1.09%	–
MMM	New	3M COMPANY	$4,572,000	–	23,018	–	1.03%	–
ADP	New	AUTOMATIC DATA PROCESSING	$4,442,000	–	22,363	–	1.00%	–
INTC	New	INTEL CORP	$4,190,000	–	74,636	–	0.94%	–
MTB	New	M & T BANK CORPORATION	$4,133,000	–	28,443	–	0.93%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,077,000	–	10,182	–	0.92%	–
AMZN	New	AMAZON.COM INC	$3,905,000	–	1,135	–	0.88%	–
FIS	New	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$3,895,000	–	27,495	–	0.88%	–
CHD	New	CHURCH & DWIGHT CO INC	$3,747,000	–	43,969	–	0.84%	–
DUK	New	DUKE ENERGY CORPORATION	$3,577,000	–	36,232	–	0.81%	–
SYK	New	STRYKER CORP	$3,552,000	–	13,676	–	0.80%	–
BRKB	New	BERKSHIRE HATHAWAY INC - CL B	$3,547,000	–	12,763	–	0.80%	–
ABBV	New	ABBVIE INC.	$3,531,000	–	31,345	–	0.80%	–
DIS	New	WALT DISNEY COMPANY	$3,365,000	–	19,147	–	0.76%	–
UL	New	UNILEVER PLC - ADR	$3,253,000	–	55,605	–	0.73%	–
USB	New	U.S. BANCORP	$2,901,000	–	50,921	–	0.65%	–
FTV	New	FORTIVE CORP	$2,899,000	–	41,575	–	0.65%	–
MAS	New	MASCO CORP	$2,893,000	–	49,105	–	0.65%	–
D	New	DOMINION RESOURCES, INC.	$2,865,000	–	38,937	–	0.65%	–
CMCSA	New	COMCAST CORP - CL A	$2,740,000	–	48,048	–	0.62%	–
RHHBY	New	ROCHE HOLDINGS LTD - ADR	$2,680,000	–	57,043	–	0.60%	–
EMRAF	New	EMERA INC.	$2,566,000	–	56,553	–	0.58%	–
MCI	New	BARINGS CORPORATE INVESTORS	$2,545,000	–	167,454	–	0.57%	–
HON	New	HONEYWELL INTERNATIONAL INC	$2,521,000	–	11,493	–	0.57%	–
DASTY	New	DASSAULT SYSTEMES SA ADR	$2,393,000	–	9,820	–	0.54%	–
GD	New	GENERAL DYNAMICS CORP	$2,298,000	–	12,207	–	0.52%	–
FB	New	FACEBOOK INC	$2,168,000	–	6,234	–	0.49%	–
GE	New	GENERAL ELECTRIC CO	$2,033,000	–	151,036	–	0.46%	–
ZTS	New	ZOETIS INC	$1,819,000	–	9,761	–	0.41%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,601,000	–	23,958	–	0.36%	–
PYPL	New	PAYPAL HOLDINGS, INC.	$1,489,000	–	5,108	–	0.34%	–
NKE	New	NIKE, INC. - CL B	$1,478,000	–	9,566	–	0.33%	–
AVY	New	AVERY DENNISON CORP	$1,384,000	–	6,585	–	0.31%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$1,366,000	–	21,885	–	0.31%	–
BA	New	BOEING COMPANY	$1,337,000	–	5,579	–	0.30%	–
CVS	New	CVS HEALTH CORP	$1,303,000	–	15,612	–	0.29%	–
V	New	VISA INC	$1,235,000	–	5,280	–	0.28%	–
CRM	New	SALESFORCE.COM, INC.	$1,214,000	–	4,970	–	0.27%	–
JPM	New	JPMORGAN CHASE & CO.	$1,170,000	–	7,524	–	0.26%	–
FBHS	New	FORTUNE BRANDS HOME & SECURITY, INC.	$1,172,000	–	11,765	–	0.26%	–
TD	New	TORONTO-DOMINION BANK	$1,146,000	–	16,354	–	0.26%	–
COST	New	COSTCO WHOLESALE CLUB	$1,136,000	–	2,870	–	0.26%	–
STZ	New	CONSTELLATION BRANDS INC A	$1,101,000	–	4,707	–	0.25%	–
PFE	New	PFIZER INC	$992,000	–	25,325	–	0.22%	–
WMT	New	WAL-MART STORES INC	$977,000	–	6,930	–	0.22%	–
ADBE	New	ADOBE SYSTEMS INC	$951,000	–	1,624	–	0.21%	–
CSCO	New	CISCO SYSTEMS INC	$933,000	–	17,601	–	0.21%	–
UNP	New	UNION PACIFIC CORP	$900,000	–	4,090	–	0.20%	–
AMGN	New	AMGEN INC	$806,000	–	3,308	–	0.18%	–
ORCL	New	ORACLE CORP	$778,000	–	10,000	–	0.18%	–
T	New	AT&T INC	$728,000	–	25,305	–	0.16%	–
CMI	New	CUMMINS INC.	$704,000	–	2,887	–	0.16%	–
BAC	New	BANK OF AMERICA CORP	$670,000	–	16,252	–	0.15%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$576,000	–	3,721	–	0.13%	–
TRV	New	TRAVELERS COMPANIES, INC.	$558,000	–	3,729	–	0.13%	–
OTIS	New	OTIS WORLDWIDE CORP	$527,000	–	6,441	–	0.12%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$517,000	–	1,797	–	0.12%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES CORPORATION	$521,000	–	3,553	–	0.12%	–
CAC	New	CAMDEN NATIONAL CORP	$511,000	–	10,700	–	0.12%	–
CARR	New	CARRIER GLOBAL CORP	$501,000	–	10,317	–	0.11%	–
GILD	New	GILEAD SCIENCES, INC.	$502,000	–	7,285	–	0.11%	–
IFF	New	INTL FLAVORS & FRAGRANCES	$424,000	–	2,836	–	0.10%	–
GS	New	GOLDMAN SACHS GROUP INC	$404,000	–	1,065	–	0.09%	–
TXT	New	TEXTRON INC	$392,000	–	5,700	–	0.09%	–
PGR	New	PROGRESSIVE CORPORATION	$385,000	–	3,920	–	0.09%	–
CB	New	CHUBB LTD	$378,000	–	2,377	–	0.08%	–
BHB	New	BAR HARBOR BANKSHARES	$357,000	–	12,470	–	0.08%	–
EBAY	New	EBAY INC	$342,000	–	4,874	–	0.08%	–
TSM	New	TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY, LTD	$338,000	–	2,810	–	0.08%	–
AEP	New	AMERICAN ELECTRIC POWER	$330,000	–	3,907	–	0.07%	–
WBS	New	WEBSTER FINANCIAL CORP	$325,000	–	6,086	–	0.07%	–
ABC	New	AMERISOURCEBERGEN CORP	$323,000	–	2,820	–	0.07%	–
MDT	New	MEDTRONIC, PLC	$312,000	–	2,514	–	0.07%	–
WFC	New	WELLS FARGO & CO	$301,000	–	6,641	–	0.07%	–
LHX	New	L3 HARRIS TECHNOLOGIES	$295,000	–	1,366	–	0.07%	–
SSNC	New	SS&C TECHNOLOGIES HOLDINGS INC	$295,000	–	4,100	–	0.07%	–
CNI	New	CANADIAN NATL RAILWAY CO	$277,000	–	2,625	–	0.06%	–
WORK	New	SLACK TECHNOLOGIES INC	$272,000	–	6,150	–	0.06%	–
LLY	New	ELY LILLY & CO	$254,000	–	1,105	–	0.06%	–
QCOM	New	QUALCOMM INC	$247,000	–	1,728	–	0.06%	–
OGN	New	ORGANON & CO.	$245,000	–	8,104	–	0.06%	–
TT	New	TRANE TECHNOLOGIES PLC	$230,000	–	1,250	–	0.05%	–
RDSB	New	ROYAL DUTCH SHELL PLC - ADR B	$228,000	–	5,878	–	0.05%	–
MO	New	ALTRIA GROUP INC	$219,000	–	4,586	–	0.05%	–
NTAP	New	NETAPP, INC	$219,000	–	2,675	–	0.05%	–
	New	ALTABA INC - ESCROW SHARES	$216,000	–	15,000	–	0.05%	–
VRSK	New	VERISK ANALYTICS	$202,000	–	1,158	–	0.05%	–
ESSE	New	EARTH SEARCH SCIENCES INC	$0	–	10,000	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
ESSE	Exit	EARTH SEARCH SCIENCES INC	$0	–	-10,000	–	0.00%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-15,011	–	-0.03%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,030	–	-0.06%	–
LHX	Exit	L3 HARRIS TECHNOLOGIES	$0	–	-1,349	–	-0.06%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-6,145	–	-0.06%	–
SSNC	Exit	SS&C TECHNOLOGIES HOLDINGS INC	$0	–	-4,000	–	-0.07%	–
AEP	Exit	AMERICAN ELECTRIC POWER	$0	–	-2,987	–	-0.07%	–
MDT	Exit	MEDTRONIC, PLC	$0	–	-2,497	–	-0.07%	–
EBAY	Exit	EBAY INC	$0	–	-5,024	–	-0.07%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP	$0	–	-3,721	–	-0.07%	–
CNI	Exit	CANADIAN NATL RAILWAY CO	$0	–	-2,625	–	-0.08%	–
BHB	Exit	BAR HARBOR BANKSHARES	$0	–	-13,571	–	-0.08%	–
WBS	Exit	WEBSTER FINANCIAL CORP	$0	–	-10,886	–	-0.08%	–
CB	Exit	CHUBB LTD	$0	–	-2,491	–	-0.08%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-3,020	–	-0.08%	–
KEY	Exit	KEYCORP	$0	–	-25,276	–	-0.08%	–
CAC	Exit	CAMDEN NATIONAL CORP	$0	–	-10,700	–	-0.09%	–
	Exit	ALTABA INC - ESCROW SHARES	$0	–	-15,000	–	-0.09%	–
PGR	Exit	PROGRESSIVE CORPORATION	$0	–	-3,970	–	-0.10%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC - ADR B	$0	–	-15,500	–	-0.10%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-15,944	–	-0.11%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES CORPORATION	$0	–	-3,310	–	-0.11%	–
AWF	Exit	ALLIANCE BERNSTEIN GL HIGH CEF	$0	–	-40,000	–	-0.12%	–
CARR	Exit	CARRIER GLOBAL CORP	$0	–	-16,355	–	-0.14%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-1,758	–	-0.14%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-3,875	–	-0.15%	–
TRV	Exit	TRAVELERS COMPANIES, INC.	$0	–	-5,037	–	-0.15%	–
ORCL	Exit	ORACLE CORP	$0	–	-10,350	–	-0.17%	–
IFF	Exit	INTL FLAVORS & FRAGRANCES	$0	–	-5,090	–	-0.17%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-6,541	–	-0.17%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-1,382	–	-0.19%	–
PFE	Exit	PFIZER INC	$0	–	-19,006	–	-0.19%	–
TD	Exit	TORONTO-DOMINION BANK	$0	–	-16,204	–	-0.21%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-3,855	–	-0.21%	–
AMGN	Exit	AMGEN INC	$0	–	-3,128	–	-0.22%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-20,614	–	-0.22%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-6,910	–	-0.24%	–
CRM	Exit	SALESFORCE.COM, INC.	$0	–	-3,820	–	-0.26%	–
V	Exit	VISA INC	$0	–	-4,876	–	-0.27%	–
PYPL	Exit	PAYPAL HOLDINGS, INC.	$0	–	-4,980	–	-0.27%	–
COST	Exit	COSTCO WHOLESALE CLUB	$0	–	-2,975	–	-0.29%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-19,081	–	-0.31%	–
GILD	Exit	GILEAD SCIENCES, INC.	$0	–	-19,287	–	-0.34%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-22,388	–	-0.35%	–
NKE	Exit	NIKE, INC. - CL B	$0	–	-10,459	–	-0.36%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-21,653	–	-0.37%	–
STZ	Exit	CONSTELLATION BRANDS INC A	$0	–	-7,278	–	-0.38%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-23,103	–	-0.38%	–
ZTS	Exit	ZOETIS INC	$0	–	-9,388	–	-0.43%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-10,643	–	-0.48%	–
USB	Exit	U.S. BANCORP	$0	–	-50,205	–	-0.50%	–
DASTY	Exit	DASSAULT SYSTEMES SA ADR	$0	–	-10,000	–	-0.52%	–
FBHS	Exit	FORTUNE BRANDS HOME & SECURITY, INC.	$0	–	-23,015	–	-0.55%	–
T	Exit	AT&T INC	$0	–	-71,135	–	-0.56%	–
MCI	Exit	BARINGS CORPORATE INVESTORS	$0	–	-174,554	–	-0.60%	–
CMCSA	Exit	COMCAST CORP - CL A	$0	–	-47,392	–	-0.60%	–
EMRAF	Exit	EMERA INC.	$0	–	-56,883	–	-0.64%	–
RHHBY	Exit	ROCHE HOLDINGS LTD - ADR	$0	–	-57,102	–	-0.67%	–
MTB	Exit	M & T BANK CORPORATION	$0	–	-27,441	–	-0.70%	–
SYK	Exit	STRYKER CORP	$0	–	-12,155	–	-0.70%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-20,472	–	-0.70%	–
D	Exit	DOMINION RESOURCES, INC.	$0	–	-32,884	–	-0.71%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC - CL B	$0	–	-12,575	–	-0.74%	–
MAS	Exit	MASCO CORP	$0	–	-53,970	–	-0.82%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-33,854	–	-0.82%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-22,174	–	-0.85%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-10,291	–	-0.88%	–
FTV	Exit	FORTIVE CORP	$0	–	-42,346	–	-0.89%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-1,038	–	-0.90%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-35,245	–	-0.91%	–
UL	Exit	UNILEVER PLC - ADR	$0	–	-54,197	–	-0.92%	–
CVX	Exit	CHEVRON CORP	$0	–	-46,764	–	-0.93%	–
GOOG	Exit	ALPHABET INC - CL C (Non-Voting)	$0	–	-2,370	–	-0.96%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-101,808	–	-0.96%	–
ABBV	Exit	ABBVIE INC.	$0	–	-41,239	–	-0.99%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-56,523	–	-1.02%	–
FIS	Exit	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$0	–	-25,471	–	-1.03%	–
MMM	Exit	3M COMPANY	$0	–	-23,564	–	-1.04%	–
NVDA	Exit	NVIDIA CORP	$0	–	-7,170	–	-1.07%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-68,295	–	-1.08%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-35,885	–	-1.08%	–
DEO	Exit	DIAGEO PLC - ADR	$0	–	-28,972	–	-1.10%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-78,454	–	-1.17%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-77,668	–	-1.27%	–
SYY	Exit	SYSCO CORP	$0	–	-74,940	–	-1.28%	–
AAPL	Exit	APPLE INC.	$0	–	-40,775	–	-1.30%	–
INTC	Exit	INTEL CORP	$0	–	-91,693	–	-1.31%	–
ECL	Exit	ECOLAB INC	$0	–	-24,793	–	-1.36%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-80,910	–	-1.37%	–
HD	Exit	HOME DEPOT INC	$0	–	-18,146	–	-1.39%	–
GOOGL	Exit	ALPHABET INC - CL A (Voting)	$0	–	-3,582	–	-1.44%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-52,802	–	-1.46%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-76,497	–	-1.58%	–
BDX	Exit	BECTON DICKINSON & CO.	$0	–	-27,104	–	-1.74%	–
TMO	Exit	THERMO FISHER SCIENTIFIC, INC.	$0	–	-14,787	–	-1.80%	–
MRK	Exit	MERCK & CO. INC.	$0	–	-79,454	–	-1.81%	–
UPS	Exit	UNITED PARCEL SERVICE - CL B	$0	–	-39,924	–	-1.83%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-47,980	–	-1.88%	–
LIN	Exit	LINDE PLC	$0	–	-29,021	–	-1.90%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-45,080	–	-2.01%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-149,064	–	-2.02%	–
TROW	Exit	T. ROWE PRICE GROUP INC.	$0	–	-57,600	–	-2.03%	–
MCD	Exit	MCDONALD`S CORP	$0	–	-35,967	–	-2.17%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-53,952	–	-2.19%	–
MA	Exit	MASTERCARD, INC.	$0	–	-24,698	–	-2.30%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-43,350	–	-2.30%	–
NSRGY	Exit	NESTLE SA - ADR	$0	–	-78,283	–	-2.57%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-73,745	–	-2.82%	–
DHR	Exit	DANAHER CORP	$0	–	-47,740	–	-2.83%	–
PEP	Exit	PEPSICO INC	$0	–	-76,458	–	-2.92%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-73,153	–	-3.00%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-136,156	–	-4.08%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-96,959	–	-5.61%	–

Q3 2020

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$20,393,000	+33.2%	96,959	+28.9%	5.61%	+6.6%
ABT	Buy	ABBOTT LABORATORIES	$14,818,000	+48.2%	136,156	+24.5%	4.08%	+18.6%
JNJ	Buy	JOHNSON & JOHNSON	$10,891,000	+20.1%	73,153	+13.4%	3.00%	-3.9%
PEP	Buy	PEPSICO INC	$10,597,000	+18.7%	76,458	+13.2%	2.92%	-5.1%
DHR	Buy	DANAHER CORP	$10,280,000	+25.2%	47,740	+2.8%	2.83%	+0.2%
PG	Buy	PROCTER & GAMBLE COMPANY	$10,250,000	+27.1%	73,745	+9.3%	2.82%	+1.7%
NSRGY	Buy	NESTLE SA - ADR	$9,336,000	+40.0%	78,283	+29.7%	2.57%	+12.0%
ITW	Sell	ILLINOIS TOOL WORKS	$8,376,000	+9.2%	43,350	-1.2%	2.30%	-12.6%
MA	Sell	MASTERCARD, INC.	$8,352,000	+13.3%	24,698	-0.9%	2.30%	-9.3%
KMB	Sell	KIMBERLY-CLARK CORP	$7,967,000	+3.9%	53,952	-0.6%	2.19%	-16.9%
MCD	Buy	MCDONALD`S CORP	$7,894,000	+25.5%	35,967	+5.5%	2.17%	+0.4%
TROW	Sell	T. ROWE PRICE GROUP INC.	$7,386,000	+3.3%	57,600	-0.5%	2.03%	-17.4%
KO	Buy	COCA-COLA COMPANY	$7,359,000	+18.0%	149,064	+6.8%	2.02%	-5.6%
SWK	Buy	STANLEY BLACK & DECKER INC	$7,312,000	+61.9%	45,080	+39.1%	2.01%	+29.6%
LIN	Sell	LINDE PLC	$6,911,000	+11.2%	29,021	-0.9%	1.90%	-11.0%
TXN	Buy	TEXAS INSTRUMENTS INC	$6,851,000	+14.8%	47,980	+2.1%	1.88%	-8.1%
UPS	Sell	UNITED PARCEL SERVICE - CL B	$6,653,000	+49.0%	39,924	-0.6%	1.83%	+19.1%
MRK	Buy	MERCK & CO. INC.	$6,591,000	+9.4%	79,454	+2.0%	1.81%	-12.5%
TMO	Buy	THERMO FISHER SCIENTIFIC, INC.	$6,529,000	+122.3%	14,787	+82.4%	1.80%	+77.8%
BDX	Buy	BECTON DICKINSON & CO.	$6,307,000	-2.7%	27,104	+0.1%	1.74%	-22.2%
PM	Sell	PHILIP MORRIS INTERNATIONAL	$5,736,000	+6.3%	76,497	-0.7%	1.58%	-15.0%
AXP	Buy	AMERICAN EXPRESS CO	$5,293,000	+5.3%	52,802	+0.0%	1.46%	-15.7%
GOOGL	Buy	ALPHABET INC - CL A (Voting)	$5,250,000	+64.0%	3,582	+58.6%	1.44%	+31.2%
HD	Buy	HOME DEPOT INC	$5,039,000	+68.9%	18,146	+52.4%	1.39%	+35.1%
GIS	Sell	GENERAL MILLS INC	$4,991,000	-0.0%	80,910	-0.1%	1.37%	-20.0%
ECL	Buy	ECOLAB INC	$4,955,000	+25.3%	24,793	+24.7%	1.36%	+0.2%
INTC	Buy	INTEL CORP	$4,748,000	-10.3%	91,693	+3.6%	1.31%	-28.3%
AAPL	Buy	APPLE INC.	$4,722,000	+186.2%	40,775	+801.5%	1.30%	+129.1%
SYY	Buy	SYSCO CORP	$4,663,000	+14.8%	74,940	+0.9%	1.28%	-8.2%
VZ	Buy	VERIZON COMMUNICATIONS INC	$4,620,000	+18.3%	77,668	+9.6%	1.27%	-5.4%
SO	Buy	SOUTHERN COMPANY	$4,254,000	+8.2%	78,454	+3.4%	1.17%	-13.5%
DEO	Buy	DIAGEO PLC - ADR	$3,988,000	+3.2%	28,972	+0.7%	1.10%	-17.5%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$3,944,000	+5.3%	35,885	+0.8%	1.08%	-15.8%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$3,930,000	+7.3%	68,295	+14.9%	1.08%	-14.1%
NVDA	Sell	NVIDIA CORP	$3,881,000	+42.3%	7,170	-0.1%	1.07%	+13.9%
MMM	Sell	3M COMPANY	$3,774,000	+1.9%	23,564	-0.8%	1.04%	-18.5%
FIS	Buy	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$3,750,000	+10.1%	25,471	+0.3%	1.03%	-11.9%
EMR	Buy	EMERSON ELECTRIC CO	$3,706,000	+12.1%	56,523	+6.0%	1.02%	-10.3%
ABBV	Buy	ABBVIE INC.	$3,612,000	+126.0%	41,239	+153.3%	0.99%	+80.7%
XOM	Buy	EXXON MOBIL CORP	$3,495,000	-18.1%	101,808	+6.7%	0.96%	-34.5%
GOOG	Buy	ALPHABET INC - CL C (Non-Voting)	$3,483,000	+87.8%	2,370	+80.6%	0.96%	+50.2%
CVX	Buy	CHEVRON CORP	$3,367,000	-7.9%	46,764	+14.1%	0.93%	-26.3%
UL	Sell	UNILEVER PLC - ADR	$3,343,000	+11.3%	54,197	-1.0%	0.92%	-10.9%
CHD	Buy	CHURCH & DWIGHT CO INC	$3,303,000	+176.2%	35,245	+127.8%	0.91%	+121.2%
AMZN	Buy	AMAZON.COM INC	$3,268,000	+17.8%	1,038	+3.2%	0.90%	-5.8%
FTV	Buy	FORTIVE CORP	$3,227,000	+14.2%	42,346	+1.4%	0.89%	-8.6%
UNH	Sell	UNITEDHEALTH GROUP INC	$3,208,000	+5.2%	10,291	-0.5%	0.88%	-15.8%
ADP	Buy	AUTOMATIC DATA PROCESSING	$3,093,000	+9.6%	22,174	+18.8%	0.85%	-12.4%
DUK	Buy	DUKE ENERGY CORPORATION	$2,998,000	+15.7%	33,854	+4.3%	0.82%	-7.4%
MAS	Sell	MASCO CORP	$2,975,000	+9.3%	53,970	-0.5%	0.82%	-12.6%
BRKB	New	BERKSHIRE HATHAWAY INC - CL B	$2,678,000	–	12,575	–	0.74%	–
D	Buy	DOMINION RESOURCES, INC.	$2,596,000	+1.5%	32,884	+4.3%	0.71%	-18.9%
DIS	Buy	WALT DISNEY COMPANY	$2,540,000	+124.8%	20,472	+102.1%	0.70%	+79.7%
SYK	Buy	STRYKER CORP	$2,533,000	+27.6%	12,155	+10.3%	0.70%	+2.0%
MTB	Buy	M & T BANK CORPORATION	$2,527,000	-10.8%	27,441	+0.7%	0.70%	-28.6%
EMRAF	Buy	EMERA INC.	$2,341,000	+6.5%	56,883	+1.4%	0.64%	-14.8%
CMCSA	Buy	COMCAST CORP - CL A	$2,192,000	+22.8%	47,392	+3.5%	0.60%	-1.8%
MCI	Sell	BARINGS CORPORATE INVESTORS	$2,182,000	-8.0%	174,554	-1.1%	0.60%	-26.5%
T	Sell	AT&T INC	$2,028,000	-6.8%	71,135	-1.1%	0.56%	-25.4%
FBHS	Sell	FORTUNE BRANDS HOME & SECURITY, INC.	$1,991,000	+31.9%	23,015	-2.5%	0.55%	+5.6%
USB	Buy	U.S. BANCORP	$1,800,000	+61.9%	50,205	+66.2%	0.50%	+29.6%
HON	Buy	HONEYWELL INTERNATIONAL INC	$1,752,000	+89.0%	10,643	+66.0%	0.48%	+51.1%
ZTS	New	ZOETIS INC	$1,552,000	–	9,388	–	0.43%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,393,000	–	23,103	–	0.38%	–
STZ	Sell	CONSTELLATION BRANDS INC A	$1,379,000	-9.6%	7,278	-16.5%	0.38%	-27.7%
OTIS	Sell	OTIS WORLDWIDE CORP	$1,352,000	-9.4%	21,653	-17.6%	0.37%	-27.5%
NKE	Buy	NIKE, INC. - CL B	$1,313,000	+362.3%	10,459	+260.9%	0.36%	+268.4%
MDLZ	Sell	MONDELEZ INTERNATIONAL INC	$1,286,000	+11.8%	22,388	-0.4%	0.35%	-10.4%
GILD	Sell	GILEAD SCIENCES, INC.	$1,219,000	-19.0%	19,287	-1.4%	0.34%	-35.3%
CVS	Buy	CVS HEALTH CORP	$1,114,000	+80.8%	19,081	+101.1%	0.31%	+44.3%
COST	New	COSTCO WHOLESALE CLUB	$1,056,000	–	2,975	–	0.29%	–
PYPL	Buy	PAYPAL HOLDINGS, INC.	$981,000	+15.4%	4,980	+2.0%	0.27%	-7.5%
V	Buy	VISA INC	$975,000	+50.7%	4,876	+45.6%	0.27%	+20.7%
CRM	Buy	SALESFORCE.COM, INC.	$960,000	+35.8%	3,820	+1.2%	0.26%	+8.6%
CSCO	Buy	CISCO SYSTEMS INC	$812,000	+65.7%	20,614	+96.0%	0.22%	+32.0%
AMGN	New	AMGEN INC	$795,000	–	3,128	–	0.22%	–
UNP	New	UNION PACIFIC CORP	$759,000	–	3,855	–	0.21%	–
TD	New	TORONTO-DOMINION BANK	$749,000	–	16,204	–	0.21%	–
PFE	New	PFIZER INC	$698,000	–	19,006	–	0.19%	–
ADBE	Buy	ADOBE SYSTEMS INC	$678,000	+181.3%	1,382	+149.5%	0.19%	+125.3%
JPM	Buy	JPMORGAN CHASE & CO.	$630,000	+51.4%	6,541	+48.0%	0.17%	+21.0%
IFF	Sell	INTL FLAVORS & FRAGRANCES	$623,000	-2.2%	5,090	-2.1%	0.17%	-21.9%
ORCL	New	ORACLE CORP	$618,000	–	10,350	–	0.17%	–
TRV	Sell	TRAVELERS COMPANIES, INC.	$545,000	-10.1%	5,037	-5.2%	0.15%	-27.9%
WMT	Buy	WAL-MART STORES INC	$542,000	+104.5%	3,875	+74.9%	0.15%	+63.7%
APD	Buy	AIR PRODUCTS & CHEMICALS INC	$524,000	+35.8%	1,758	+9.9%	0.14%	+8.3%
CARR	New	CARRIER GLOBAL CORP	$499,000	–	16,355	–	0.14%	–
AWF	Sell	ALLIANCE BERNSTEIN GL HIGH CEF	$420,000	-30.5%	40,000	-33.2%	0.12%	-44.2%
IBM	New	INTERNATIONAL BUSINESS MACHINES CORPORATION	$403,000	–	3,310	–	0.11%	–
BAC	Buy	BANK OF AMERICA CORP	$384,000	+4.9%	15,944	+3.3%	0.11%	-15.9%
RDSB	Sell	ROYAL DUTCH SHELL PLC - ADR B	$375,000	-38.2%	15,500	-22.3%	0.10%	-50.7%
	New	ALTABA INC - ESCROW SHARES	$339,000	–	15,000	–	0.09%	–
CAC	New	CAMDEN NATIONAL CORP	$323,000	–	10,700	–	0.09%	–
CB	Sell	CHUBB LTD	$289,000	-9.4%	2,491	-1.0%	0.08%	-27.3%
WBS	Buy	WEBSTER FINANCIAL CORP	$287,000	+7.5%	10,886	+16.6%	0.08%	-14.1%
EBAY	Buy	EBAY INC	$262,000	+1.6%	5,024	+2.0%	0.07%	-19.1%
MDT	Buy	MEDTRONIC, PLC	$259,000	+16.7%	2,497	+3.1%	0.07%	-6.6%
AEP	New	AMERICAN ELECTRIC POWER	$244,000	–	2,987	–	0.07%	–
MO	Sell	ALTRIA GROUP INC	$237,000	-5.2%	6,145	-3.5%	0.06%	-24.4%
LHX	Buy	L3 HARRIS TECHNOLOGIES	$229,000	+2.2%	1,349	+2.3%	0.06%	-18.2%
GS	Buy	GOLDMAN SACHS GROUP INC	$207,000	+3.0%	1,030	+1.5%	0.06%	-17.4%
GE	Buy	GENERAL ELECTRIC CO	$94,000	+2.2%	15,011	+11.9%	0.03%	-18.8%
ESSE	New	EARTH SEARCH SCIENCES INC	$0	–	10,000	–	0.00%	–
	Exit	CARRIER GLOBAL CORP	$0	–	-20,742	–	-0.16%	–
SJM	Exit	JM SMUCKER COMPANY	$0	–	-11,000	–	-0.40%	–

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$15,311,000	–	75,237	–	5.26%	–
ABT	New	ABBOTT LABORATORIES	$9,999,000	–	109,357	–	3.44%	–
JNJ	New	JOHNSON & JOHNSON	$9,071,000	–	64,506	–	3.12%	–
PEP	New	PEPSICO INC	$8,931,000	–	67,526	–	3.07%	–
DHR	New	DANAHER CORP	$8,209,000	–	46,422	–	2.82%	–
PG	New	PROCTER & GAMBLE COMPANY	$8,064,000	–	67,441	–	2.77%	–
KMB	New	KIMBERLY-CLARK CORP	$7,670,000	–	54,262	–	2.64%	–
ITW	New	ILLINOIS TOOL WORKS	$7,668,000	–	43,855	–	2.64%	–
MA	New	MASTERCARD, INC.	$7,369,000	–	24,922	–	2.53%	–
TROW	New	T. ROWE PRICE GROUP INC.	$7,150,000	–	57,898	–	2.46%	–
NSRGY	New	NESTLE SA - ADR	$6,668,000	–	60,380	–	2.29%	–
BDX	New	BECTON DICKINSON & CO.	$6,482,000	–	27,090	–	2.23%	–
MCD	New	MCDONALD`S CORP	$6,291,000	–	34,105	–	2.16%	–
KO	New	COCA-COLA COMPANY	$6,235,000	–	139,549	–	2.14%	–
LIN	New	LINDE PLC	$6,213,000	–	29,293	–	2.14%	–
MRK	New	MERCK & CO. INC.	$6,025,000	–	77,909	–	2.07%	–
TXN	New	TEXAS INSTRUMENTS INC	$5,966,000	–	46,987	–	2.05%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$5,397,000	–	77,035	–	1.86%	–
INTC	New	INTEL CORP	$5,295,000	–	88,502	–	1.82%	–
AXP	New	AMERICAN EXPRESS CO	$5,025,000	–	52,782	–	1.73%	–
GIS	New	GENERAL MILLS INC	$4,992,000	–	80,969	–	1.72%	–
SWK	New	STANLEY BLACK & DECKER INC	$4,517,000	–	32,410	–	1.55%	–
UPS	New	UNITED PARCEL SERVICE - CL B	$4,466,000	–	40,167	–	1.54%	–
XOM	New	EXXON MOBIL CORP	$4,269,000	–	95,457	–	1.47%	–
SYY	New	SYSCO CORP	$4,061,000	–	74,300	–	1.40%	–
ECL	New	ECOLAB INC	$3,955,000	–	19,880	–	1.36%	–
SO	New	SOUTHERN COMPANY	$3,933,000	–	75,862	–	1.35%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,906,000	–	70,846	–	1.34%	–
DEO	New	DIAGEO PLC - ADR	$3,866,000	–	28,767	–	1.33%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$3,746,000	–	35,602	–	1.29%	–
MMM	New	3M COMPANY	$3,704,000	–	23,743	–	1.27%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$3,662,000	–	59,424	–	1.26%	–
CVX	New	CHEVRON CORP	$3,656,000	–	40,973	–	1.26%	–
FIS	New	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$3,407,000	–	25,406	–	1.17%	–
EMR	New	EMERSON ELECTRIC CO	$3,307,000	–	53,305	–	1.14%	–
GOOGL	New	ALPHABET INC - CL A (Voting)	$3,202,000	–	2,258	–	1.10%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,050,000	–	10,340	–	1.05%	–
UL	New	UNILEVER PLC - ADR	$3,004,000	–	54,732	–	1.03%	–
HD	New	HOME DEPOT INC	$2,984,000	–	11,910	–	1.03%	–
TMO	New	THERMO FISHER SCIENTIFIC, INC.	$2,937,000	–	8,107	–	1.01%	–
MTB	New	M & T BANK CORPORATION	$2,833,000	–	27,246	–	0.97%	–
FTV	New	FORTIVE CORP	$2,825,000	–	41,750	–	0.97%	–
ADP	New	AUTOMATIC DATA PROCESSING	$2,823,000	–	18,661	–	0.97%	–
AMZN	New	AMAZON.COM INC	$2,775,000	–	1,006	–	0.95%	–
NVDA	New	NVIDIA CORP	$2,728,000	–	7,180	–	0.94%	–
MAS	New	MASCO CORP	$2,723,000	–	54,230	–	0.94%	–
DUK	New	DUKE ENERGY CORPORATION	$2,592,000	–	32,444	–	0.89%	–
D	New	DOMINION RESOURCES, INC.	$2,558,000	–	31,514	–	0.88%	–
RHHBY	New	ROCHE HOLDINGS LTD - ADR	$2,477,000	–	57,102	–	0.85%	–
MCI	New	BARINGS CORPORATE INVESTORS	$2,373,000	–	176,579	–	0.82%	–
EMRAF	New	EMERA INC.	$2,199,000	–	56,098	–	0.76%	–
T	New	AT&T INC	$2,175,000	–	71,948	–	0.75%	–
SYK	New	STRYKER CORP	$1,985,000	–	11,017	–	0.68%	–
GOOG	New	ALPHABET INC - CL C (Non-Voting)	$1,855,000	–	1,312	–	0.64%	–
CMCSA	New	COMCAST CORP - CL A	$1,785,000	–	45,782	–	0.61%	–
DASTY	New	DASSAULT SYSTEMES SA ADR	$1,730,000	–	10,000	–	0.60%	–
AAPL	New	APPLE INC.	$1,650,000	–	4,523	–	0.57%	–
ABBV	New	ABBVIE INC.	$1,598,000	–	16,279	–	0.55%	–
STZ	New	CONSTELLATION BRANDS INC A	$1,525,000	–	8,718	–	0.52%	–
FBHS	New	FORTUNE BRANDS HOME & SECURITY, INC.	$1,509,000	–	23,600	–	0.52%	–
GILD	New	GILEAD SCIENCES, INC.	$1,505,000	–	19,557	–	0.52%	–
OTIS	New	OTIS WORLDWIDE CORP	$1,493,000	–	26,266	–	0.51%	–
CHD	New	CHURCH & DWIGHT CO INC	$1,196,000	–	15,470	–	0.41%	–
SJM	New	JM SMUCKER COMPANY	$1,164,000	–	11,000	–	0.40%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$1,150,000	–	22,488	–	0.40%	–
DIS	New	WALT DISNEY COMPANY	$1,130,000	–	10,132	–	0.39%	–
USB	New	U.S. BANCORP	$1,112,000	–	30,205	–	0.38%	–
HON	New	HONEYWELL INTERNATIONAL INC	$927,000	–	6,413	–	0.32%	–
PYPL	New	PAYPAL HOLDINGS, INC.	$850,000	–	4,880	–	0.29%	–
AVY	New	AVERY DENNISON CORP	$788,000	–	6,910	–	0.27%	–
CRM	New	SALESFORCE.COM, INC.	$707,000	–	3,775	–	0.24%	–
V	New	VISA INC	$647,000	–	3,350	–	0.22%	–
IFF	New	INTL FLAVORS & FRAGRANCES	$637,000	–	5,200	–	0.22%	–
CVS	New	CVS HEALTH CORP	$616,000	–	9,486	–	0.21%	–
RDSB	New	ROYAL DUTCH SHELL PLC - ADR B	$607,000	–	19,945	–	0.21%	–
TRV	New	TRAVELERS COMPANIES, INC.	$606,000	–	5,312	–	0.21%	–
AWF	New	ALLIANCE BERNSTEIN GL HIGH CEF	$604,000	–	59,842	–	0.21%	–
CSCO	New	CISCO SYSTEMS INC	$490,000	–	10,516	–	0.17%	–
	New	CARRIER GLOBAL CORP	$461,000	–	20,742	–	0.16%	–
JPM	New	JPMORGAN CHASE & CO.	$416,000	–	4,421	–	0.14%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$386,000	–	1,600	–	0.13%	–
BAC	New	BANK OF AMERICA CORP	$366,000	–	15,428	–	0.13%	–
CB	New	CHUBB LTD	$319,000	–	2,516	–	0.11%	–
PGR	New	PROGRESSIVE CORPORATION	$318,000	–	3,970	–	0.11%	–
KEY	New	KEYCORP	$308,000	–	25,276	–	0.11%	–
ABC	New	AMERISOURCEBERGEN CORP	$304,000	–	3,020	–	0.10%	–
BHB	New	BAR HARBOR BANKSHARES	$304,000	–	13,571	–	0.10%	–
NKE	New	NIKE, INC. - CL B	$284,000	–	2,898	–	0.10%	–
WBS	New	WEBSTER FINANCIAL CORP	$267,000	–	9,336	–	0.09%	–
WMT	New	WAL-MART STORES INC	$265,000	–	2,216	–	0.09%	–
EBAY	New	EBAY INC	$258,000	–	4,924	–	0.09%	–
MO	New	ALTRIA GROUP INC	$250,000	–	6,370	–	0.09%	–
ADBE	New	ADOBE SYSTEMS INC	$241,000	–	554	–	0.08%	–
CNI	New	CANADIAN NATL RAILWAY CO	$232,000	–	2,625	–	0.08%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$233,000	–	3,721	–	0.08%	–
SSNC	New	SS&C TECHNOLOGIES HOLDINGS INC	$226,000	–	4,000	–	0.08%	–
LHX	New	L3 HARRIS TECHNOLOGIES	$224,000	–	1,319	–	0.08%	–
MDT	New	MEDTRONIC, PLC	$222,000	–	2,422	–	0.08%	–
GS	New	GOLDMAN SACHS GROUP INC	$201,000	–	1,015	–	0.07%	–
GE	New	GENERAL ELECTRIC CO	$92,000	–	13,411	–	0.03%	–

Q4 2019

			Value		Shares		↓ Weighting
CBIS	Exit	CANNABIS SCIENCE INC.	$0	–	-57,000	–	0.00%	–
GSAT	Exit	GLOBALSTAR, INC.	$0	–	-31,992	–	-0.00%	–
SSNC	Exit	SS&C TECHNOLOGIES HOLDINGS, INC.	$0	–	-4,000	–	-0.07%	–
EBAY	Exit	EBAY INC	$0	–	-5,624	–	-0.08%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-1,367	–	-0.08%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,075	–	-0.08%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC - ADR A	$0	–	-3,893	–	-0.08%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-1,950	–	-0.08%	–
LLL	Exit	L3 HARRIS TECHNOLOGIES, INC.	$0	–	-1,105	–	-0.08%	–
CNI	Exit	CANADIAN NATL RAILWAY CO	$0	–	-2,650	–	-0.08%	–
MDT	Exit	MEDTRONIC, PLC	$0	–	-2,380	–	-0.09%	–
NKE	Exit	NIKE, INC. - CL B	$0	–	-3,025	–	-0.10%	–
AABA	Exit	ALTABA INC	$0	–	-15,000	–	-0.10%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-6,219	–	-0.11%	–
CB	Exit	CHUBB LTD	$0	–	-1,947	–	-0.11%	–
PGR	Exit	PROGRESSIVE CORPORATION	$0	–	-4,195	–	-0.11%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP	$0	–	-3,851	–	-0.12%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-1,600	–	-0.12%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-3,018	–	-0.12%	–
BA	Exit	BOEING COMPANY	$0	–	-998	–	-0.13%	–
BHB	Exit	BAR HARBOR BANKSHARES	$0	–	-15,455	–	-0.13%	–
SYK	Exit	STRYKER CORP	$0	–	-1,994	–	-0.15%	–
WBS	Exit	WEBSTER FINANCIAL CORP	$0	–	-9,336	–	-0.15%	–
KEY	Exit	KEYCORP	$0	–	-25,276	–	-0.16%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-15,580	–	-0.16%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-10,361	–	-0.18%	–
V	Exit	VISA INC	$0	–	-2,992	–	-0.18%	–
MET	Exit	METLIFE, INC.	$0	–	-11,633	–	-0.19%	–
PYPL	Exit	PAYPAL HOLDINGS, INC.	$0	–	-5,429	–	-0.19%	–
CRM	Exit	SALESFORCE.COM, INC.	$0	–	-3,964	–	-0.20%	–
USB	Exit	U.S. BANCORP	$0	–	-11,050	–	-0.21%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-10,209	–	-0.22%	–
IFF	Exit	INTL FLAVORS & FRAGRANCES	$0	–	-5,800	–	-0.24%	–
AWF	Exit	ALLIANCE BERNSTEIN GL HIGH CEF	$0	–	-62,938	–	-0.26%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-6,935	–	-0.27%	–
GILD	Exit	GILEAD SCIENCES, INC.	$0	–	-13,090	–	-0.29%	–
TRV	Exit	TRAVELERS COMPANIES, INC.	$0	–	-6,172	–	-0.32%	–
AAPL	Exit	APPLE INC.	$0	–	-4,107	–	-0.32%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-7,497	–	-0.34%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-13,635	–	-0.35%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-6,078	–	-0.35%	–
ABBV	Exit	ABBVIE INC.	$0	–	-14,414	–	-0.38%	–
NVDA	Exit	NVIDIA CORP	$0	–	-7,160	–	-0.43%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-23,028	–	-0.44%	–
SJM	Exit	JM SMUCKER COMPANY	$0	–	-11,849	–	-0.45%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC - ADR B	$0	–	-21,887	–	-0.45%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-16,020	–	-0.45%	–
FBHS	Exit	FORTUNE BRANDS HOME & SECURITY, INC.	$0	–	-24,850	–	-0.47%	–
DASTY	Exit	DASSAULT SYSTEMES SA ADR	$0	–	-10,070	–	-0.49%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-882	–	-0.53%	–
GOOG	Exit	ALPHABET INC - CL C (Non-Voting)	$0	–	-1,303	–	-0.55%	–
CMCSA	Exit	COMCAST CORP - CL A	$0	–	-42,682	–	-0.66%	–
STZ	Exit	CONSTELLATION BRANDS INC A	$0	–	-9,483	–	-0.68%	–
RHHBY	Exit	ROCHE HOLDINGS LTD - ADR	$0	–	-59,525	–	-0.75%	–
D	Exit	DOMINION RESOURCES, INC.	$0	–	-26,939	–	-0.75%	–
TMO	Exit	THERMO FISHER SCIENTIFIC, INC.	$0	–	-7,580	–	-0.76%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-10,802	–	-0.81%	–
EMRAF	Exit	EMERA INC.	$0	–	-55,333	–	-0.84%	–
GOOGL	Exit	ALPHABET INC - CL A (Voting)	$0	–	-2,003	–	-0.84%	–
HD	Exit	HOME DEPOT INC	$0	–	-11,672	–	-0.93%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-28,592	–	-0.94%	–
MCI	Exit	BARINGS CORPORATE INVESTORS	$0	–	-166,953	–	-0.97%	–
T	Exit	AT&T INC	$0	–	-77,369	–	-1.01%	–
MAS	Exit	MASCO CORP	$0	–	-70,622	–	-1.01%	–
FTV	Exit	FORTIVE CORP	$0	–	-43,197	–	-1.02%	–
UL	Exit	UNILEVER PLC - ADR	$0	–	-53,187	–	-1.10%	–
FIS	Exit	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$0	–	-25,426	–	-1.16%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-53,951	–	-1.24%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-61,283	–	-1.27%	–
ECL	Exit	ECOLAB INC	$0	–	-19,383	–	-1.32%	–
MMM	Exit	3M COMPANY	$0	–	-24,604	–	-1.39%	–
CVX	Exit	CHEVRON CORP	$0	–	-35,874	–	-1.47%	–
MTB	Exit	M & T BANK CORPORATION	$0	–	-27,124	–	-1.48%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-80,651	–	-1.53%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-74,357	–	-1.58%	–
INTC	Exit	INTEL CORP	$0	–	-89,953	–	-1.60%	–
DEO	Exit	DIAGEO PLC - ADR	$0	–	-28,645	–	-1.61%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-33,244	–	-1.65%	–
UPS	Exit	UNITED PARCEL SERVICE - CL B	$0	–	-40,162	–	-1.66%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-36,228	–	-1.75%	–
SYY	Exit	SYSCO CORP	$0	–	-65,790	–	-1.80%	–
LIN	Exit	LINDE PLC	$0	–	-30,234	–	-2.02%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-78,702	–	-2.06%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-47,043	–	-2.09%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-52,040	–	-2.12%	–
MRK	Exit	MERCK & CO. INC.	$0	–	-73,610	–	-2.13%	–
NSRGY	Exit	NESTLE SA - ADR	$0	–	-59,371	–	-2.22%	–
TROW	Exit	T. ROWE PRICE GROUP INC.	$0	–	-57,387	–	-2.26%	–
MA	Exit	MASTERCARD, INC.	$0	–	-24,693	–	-2.31%	–
BDX	Exit	BECTON DICKINSON & CO.	$0	–	-26,769	–	-2.33%	–
DHR	Exit	DANAHER CORP	$0	–	-47,610	–	-2.37%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-97,957	–	-2.38%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-45,545	–	-2.46%	–
MCD	Exit	MCDONALD`S CORP	$0	–	-34,725	–	-2.57%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-139,302	–	-2.61%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-55,136	–	-2.70%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-57,691	–	-2.71%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-65,188	–	-2.90%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-69,183	–	-2.96%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-108,453	–	-3.13%	–
PEP	Exit	PEPSICO INC	$0	–	-67,935	–	-3.21%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-75,741	–	-3.63%	–

Q3 2019

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$10,530,000	+6.4%	75,741	+2.6%	3.63%	+4.7%
PEP	Sell	PEPSICO INC	$9,314,000	+3.6%	67,935	-1.0%	3.21%	+1.8%
ABT	Sell	ABBOTT LABORATORIES	$9,074,000	-1.8%	108,453	-1.3%	3.13%	-3.5%
PG	Sell	PROCTER & GAMBLE COMPANY	$8,605,000	+10.7%	69,183	-2.4%	2.96%	+8.9%
JNJ	Buy	JOHNSON & JOHNSON	$8,434,000	-6.8%	65,188	+0.3%	2.90%	-8.4%
UTX	Sell	UNITED TECHNOLOGIES CORP	$7,876,000	+2.9%	57,691	-1.9%	2.71%	+1.2%
KMB	Sell	KIMBERLY-CLARK CORP	$7,832,000	+4.9%	55,136	-1.6%	2.70%	+3.2%
KO	Sell	COCA-COLA COMPANY	$7,584,000	+6.7%	139,302	-0.2%	2.61%	+5.0%
MCD	Sell	MCDONALD`S CORP	$7,456,000	+0.9%	34,725	-2.4%	2.57%	-0.7%
ITW	Sell	ILLINOIS TOOL WORKS	$7,127,000	+3.5%	45,545	-0.3%	2.46%	+1.8%
XOM	Sell	EXXON MOBIL CORP	$6,917,000	-8.8%	97,957	-1.0%	2.38%	-10.3%
DHR	Sell	DANAHER CORP	$6,876,000	-1.2%	47,610	-2.2%	2.37%	-2.8%
BDX	Sell	BECTON DICKINSON & CO.	$6,771,000	+0.3%	26,769	-0.1%	2.33%	-1.4%
MA	Sell	MASTERCARD, INC.	$6,706,000	+1.0%	24,693	-1.6%	2.31%	-0.6%
TROW	Sell	T. ROWE PRICE GROUP INC.	$6,556,000	+2.0%	57,387	-2.0%	2.26%	+0.3%
NSRGY	Sell	NESTLE SA - ADR	$6,436,000	+3.7%	59,371	-1.1%	2.22%	+2.0%
MRK	Sell	MERCK & CO. INC.	$6,196,000	-0.2%	73,610	-0.6%	2.13%	-1.9%
AXP	Buy	AMERICAN EXPRESS CO	$6,155,000	-3.9%	52,040	+0.3%	2.12%	-5.5%
TXN	Sell	TEXAS INSTRUMENTS INC	$6,080,000	+10.2%	47,043	-2.1%	2.09%	+8.4%
PM	Sell	PHILIP MORRIS INTERNATIONAL	$5,976,000	-4.8%	78,702	-1.5%	2.06%	-6.4%
LIN	Sell	LINDE PLC	$5,857,000	-5.6%	30,234	-2.1%	2.02%	-7.1%
SYY	Buy	SYSCO CORP	$5,224,000	+12.6%	65,790	+0.3%	1.80%	+10.8%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$5,078,000	+2.5%	36,228	+0.4%	1.75%	+0.8%
UPS	Sell	UNITED PARCEL SERVICE - CL B	$4,812,000	+14.5%	40,162	-1.3%	1.66%	+12.6%
SWK	Sell	STANLEY BLACK & DECKER INC	$4,801,000	-1.3%	33,244	-1.2%	1.65%	-2.9%
DEO	Sell	DIAGEO PLC - ADR	$4,684,000	-5.7%	28,645	-0.7%	1.61%	-7.3%
INTC	Sell	INTEL CORP	$4,635,000	+6.9%	89,953	-0.7%	1.60%	+5.2%
SO	Sell	SOUTHERN COMPANY	$4,593,000	+10.5%	74,357	-1.1%	1.58%	+8.7%
GIS	Sell	GENERAL MILLS INC	$4,445,000	+3.2%	80,651	-1.7%	1.53%	+1.5%
MTB	Buy	M & T BANK CORPORATION	$4,285,000	-5.6%	27,124	+1.6%	1.48%	-7.2%
CVX	Sell	CHEVRON CORP	$4,255,000	-5.6%	35,874	-1.0%	1.47%	-7.2%
MMM	Sell	3M COMPANY	$4,045,000	-6.5%	24,604	-1.4%	1.39%	-8.1%
ECL	Sell	ECOLAB INC	$3,839,000	-0.7%	19,383	-1.0%	1.32%	-2.4%
VZ	Buy	VERIZON COMMUNICATIONS INC	$3,699,000	+7.9%	61,283	+2.1%	1.27%	+6.1%
EMR	Sell	EMERSON ELECTRIC CO	$3,607,000	-1.3%	53,951	-1.5%	1.24%	-2.9%
FIS	Sell	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$3,376,000	+7.2%	25,426	-0.9%	1.16%	+5.4%
UL	Sell	UNILEVER PLC - ADR	$3,197,000	-3.6%	53,187	-0.6%	1.10%	-5.2%
FTV	Buy	FORTIVE CORP	$2,962,000	-15.0%	43,197	+1.1%	1.02%	-16.4%
MAS	Sell	MASCO CORP	$2,944,000	+4.5%	70,622	-1.7%	1.01%	+2.7%
T	Sell	AT&T INC	$2,928,000	+8.4%	77,369	-4.0%	1.01%	+6.7%
MCI	Sell	BARINGS CORPORATE INVESTORS	$2,815,000	+6.6%	166,953	-1.1%	0.97%	+4.9%
DUK	Buy	DUKE ENERGY CORPORATION	$2,741,000	+8.8%	28,592	+0.2%	0.94%	+7.0%
HD	Sell	HOME DEPOT INC	$2,708,000	+10.4%	11,672	-1.1%	0.93%	+8.5%
GOOGL	Buy	ALPHABET INC - CL A (Voting)	$2,446,000	+16.1%	2,003	+2.9%	0.84%	+14.2%
EMRAF	Sell	EMERA INC.	$2,435,000	+6.8%	55,333	-0.9%	0.84%	+5.0%
UNH	Buy	UNITEDHEALTH GROUP INC	$2,348,000	-5.2%	10,802	+6.5%	0.81%	-6.7%
TMO	Buy	THERMO FISHER SCIENTIFIC, INC.	$2,208,000	+1.9%	7,580	+2.8%	0.76%	+0.3%
D	Buy	DOMINION RESOURCES, INC.	$2,183,000	+43.6%	26,939	+37.1%	0.75%	+41.4%
RHHBY	Sell	ROCHE HOLDINGS LTD - ADR	$2,170,000	-2.6%	59,525	-6.2%	0.75%	-4.1%
STZ	Sell	CONSTELLATION BRANDS INC A	$1,966,000	+3.8%	9,483	-1.4%	0.68%	+2.1%
CMCSA	Buy	COMCAST CORP - CL A	$1,924,000	+7.5%	42,682	+0.8%	0.66%	+5.7%
AMZN	Buy	AMAZON.COM INC	$1,531,000	-7.7%	882	+0.7%	0.53%	-9.3%
DASTY	Buy	DASSAULT SYSTEMES SA ADR	$1,427,000	+2.3%	10,070	+15.5%	0.49%	+0.6%
FBHS	Sell	FORTUNE BRANDS HOME & SECURITY, INC.	$1,359,000	-7.7%	24,850	-3.6%	0.47%	-9.3%
ABC	Sell	AMERISOURCEBERGEN CORP	$1,319,000	-13.4%	16,020	-10.3%	0.45%	-14.8%
RDSB	Buy	ROYAL DUTCH SHELL PLC - ADR B	$1,311,000	+38.3%	21,887	+51.8%	0.45%	+36.1%
SJM	Buy	JM SMUCKER COMPANY	$1,304,000	+1.2%	11,849	+6.0%	0.45%	-0.4%
MDLZ	Sell	MONDELEZ INTERNATIONAL INC	$1,274,000	-0.9%	23,028	-3.5%	0.44%	-2.4%
ABBV	Buy	ABBVIE INC.	$1,091,000	+59.3%	14,414	+53.0%	0.38%	+56.7%
HON	Buy	HONEYWELL INTERNATIONAL INC	$1,028,000	-2.6%	6,078	+0.6%	0.35%	-4.3%
CHD	Sell	CHURCH & DWIGHT CO INC	$1,026,000	-0.6%	13,635	-3.5%	0.35%	-2.2%
DIS	Sell	WALT DISNEY COMPANY	$977,000	-9.2%	7,497	-2.7%	0.34%	-10.6%
AAPL	Sell	APPLE INC.	$920,000	+9.4%	4,107	-3.3%	0.32%	+7.5%
TRV	Sell	TRAVELERS COMPANIES, INC.	$918,000	-8.8%	6,172	-8.3%	0.32%	-10.5%
GILD	Buy	GILEAD SCIENCES, INC.	$830,000	+8.6%	13,090	+15.7%	0.29%	+6.7%
AVY	Sell	AVERY DENNISON CORP	$788,000	-3.2%	6,935	-1.4%	0.27%	-4.9%
AWF	New	ALLIANCE BERNSTEIN GL HIGH CEF	$755,000	–	62,938	–	0.26%	–
IFF	Buy	INTL FLAVORS & FRAGRANCES	$712,000	+16.9%	5,800	+38.1%	0.24%	+15.0%
CVS	Sell	CVS HEALTH CORP	$644,000	+14.0%	10,209	-1.5%	0.22%	+12.1%
USB	Sell	U.S. BANCORP	$612,000	+3.7%	11,050	-1.8%	0.21%	+1.9%
CRM	Buy	SALESFORCE.COM, INC.	$588,000	-1.8%	3,964	+0.3%	0.20%	-3.3%
MET	Sell	METLIFE, INC.	$549,000	-14.1%	11,633	-9.5%	0.19%	-15.6%
CSCO	Sell	CISCO SYSTEMS INC	$512,000	-15.1%	10,361	-6.0%	0.18%	-16.6%
BHB	Sell	BAR HARBOR BANKSHARES	$385,000	-6.8%	15,455	-0.5%	0.13%	-8.3%
BA	Buy	BOEING COMPANY	$380,000	+10.8%	998	+5.9%	0.13%	+9.2%
APD	Sell	AIR PRODUCTS & CHEMICALS INC	$355,000	-8.3%	1,600	-6.4%	0.12%	-10.3%
JPM	Buy	JPMORGAN CHASE & CO.	$355,000	+6.0%	3,018	+0.8%	0.12%	+4.3%
CB	Sell	CHUBB LTD	$314,000	+5.4%	1,947	-3.7%	0.11%	+3.8%
WFC	Buy	WELLS FARGO & CO	$314,000	+10.2%	6,219	+3.2%	0.11%	+8.0%
WMT	Sell	WAL-MART STORES INC	$231,000	-4.9%	1,950	-11.4%	0.08%	-5.9%
LLL	Buy	L3 HARRIS TECHNOLOGIES, INC.	$231,000	+11.1%	1,105	+30.0%	0.08%	+9.6%
RDSA	Sell	ROYAL DUTCH SHELL PLC - ADR A	$229,000	-68.1%	3,893	-64.7%	0.08%	-68.5%
GS	Sell	GOLDMAN SACHS GROUP INC	$223,000	-12.2%	1,075	-13.3%	0.08%	-13.5%

Q2 2019

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$9,893,000	–	73,848	–	3.46%	–
ABT	New	ABBOTT LABORATORIES	$9,244,000	–	109,913	–	3.24%	–
JNJ	New	JOHNSON & JOHNSON	$9,052,000	–	64,995	–	3.17%	–
PEP	New	PEPSICO INC	$8,994,000	–	68,587	–	3.15%	–
PG	New	PROCTER & GAMBLE COMPANY	$7,770,000	–	70,866	–	2.72%	–
UTX	New	UNITED TECHNOLOGIES CORP	$7,657,000	–	58,811	–	2.68%	–
XOM	New	EXXON MOBIL CORP	$7,585,000	–	98,988	–	2.66%	–
KMB	New	KIMBERLY-CLARK CORP	$7,466,000	–	56,021	–	2.62%	–
MCD	New	MCDONALD`S CORP	$7,387,000	–	35,572	–	2.59%	–
KO	New	COCA-COLA COMPANY	$7,106,000	–	139,547	–	2.49%	–
DHR	New	DANAHER CORP	$6,960,000	–	48,700	–	2.44%	–
ITW	New	ILLINOIS TOOL WORKS	$6,887,000	–	45,670	–	2.41%	–
BDX	New	BECTON DICKINSON & CO.	$6,753,000	–	26,797	–	2.36%	–
MA	New	MASTERCARD, INC.	$6,637,000	–	25,090	–	2.32%	–
TROW	New	T. ROWE PRICE GROUP INC.	$6,427,000	–	58,585	–	2.25%	–
AXP	New	AMERICAN EXPRESS CO	$6,404,000	–	51,878	–	2.24%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$6,277,000	–	79,926	–	2.20%	–
MRK	New	MERCK & CO. INC.	$6,210,000	–	74,060	–	2.18%	–
NSRGY	New	NESTLE SA - ADR	$6,204,000	–	60,003	–	2.17%	–
LIN	New	LINDE PLC	$6,204,000	–	30,894	–	2.17%	–
TXN	New	TEXAS INSTRUMENTS INC	$5,515,000	–	48,053	–	1.93%	–
DEO	New	DIAGEO PLC - ADR	$4,969,000	–	28,835	–	1.74%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$4,952,000	–	36,073	–	1.74%	–
SWK	New	STANLEY BLACK & DECKER INC	$4,864,000	–	33,635	–	1.70%	–
SYY	New	SYSCO CORP	$4,640,000	–	65,615	–	1.62%	–
MTB	New	M & T BANK CORPORATION	$4,539,000	–	26,691	–	1.59%	–
CVX	New	CHEVRON CORP	$4,509,000	–	36,232	–	1.58%	–
INTC	New	INTEL CORP	$4,335,000	–	90,548	–	1.52%	–
MMM	New	3M COMPANY	$4,325,000	–	24,952	–	1.52%	–
GIS	New	GENERAL MILLS INC	$4,309,000	–	82,041	–	1.51%	–
UPS	New	UNITED PARCEL SERVICE - CL B	$4,203,000	–	40,703	–	1.47%	–
SO	New	SOUTHERN COMPANY	$4,158,000	–	75,222	–	1.46%	–
ECL	New	ECOLAB INC	$3,866,000	–	19,583	–	1.35%	–
EMR	New	EMERSON ELECTRIC CO	$3,654,000	–	54,761	–	1.28%	–
FTV	New	FORTIVE CORP	$3,484,000	–	42,732	–	1.22%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,429,000	–	60,023	–	1.20%	–
UL	New	UNILEVER N.V.	$3,315,000	–	53,487	–	1.16%	–
FIS	New	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$3,148,000	–	25,661	–	1.10%	–
MAS	New	MASCO CORP	$2,818,000	–	71,807	–	0.99%	–
T	New	AT&T INC	$2,701,000	–	80,609	–	0.95%	–
MCI	New	BARINGS CORPORATE INVESTORS	$2,641,000	–	168,753	–	0.92%	–
DUK	New	DUKE ENERGY CORPORATION	$2,519,000	–	28,542	–	0.88%	–
UNH	New	UNITEDHEALTH GROUP INC	$2,476,000	–	10,147	–	0.87%	–
HD	New	HOME DEPOT INC	$2,454,000	–	11,802	–	0.86%	–
EMRAF	New	EMERA INC	$2,280,000	–	55,833	–	0.80%	–
RHHBY	New	ROCHE HOLDINGS LTD - ADR	$2,228,000	–	63,466	–	0.78%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$2,166,000	–	7,375	–	0.76%	–
GOOGL	New	ALPHABET INC - CL A (Voting)	$2,107,000	–	1,946	–	0.74%	–
STZ	New	CONSTELLATION BRANDS	$1,894,000	–	9,618	–	0.66%	–
CMCSA	New	COMCAST CORP - CL A	$1,790,000	–	42,337	–	0.63%	–
AMZN	New	AMAZON.COM INC	$1,659,000	–	876	–	0.58%	–
ABC	New	AMERISOURCEBERGEN CORP	$1,523,000	–	17,865	–	0.53%	–
D	New	DOMINION RESOURCES, INC.	$1,520,000	–	19,653	–	0.53%	–
FBHS	New	FORTUNE BRANDS HOME & SECURITY	$1,473,000	–	25,775	–	0.52%	–
GOOG	New	ALPHABET INC - CL C (Non-Voting)	$1,408,000	–	1,303	–	0.49%	–
DASTY	New	DASSAULT SYSTEMES SA ADR	$1,395,000	–	8,715	–	0.49%	–
SJM	New	JM SMUCKER COMPANY	$1,288,000	–	11,180	–	0.45%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$1,286,000	–	23,853	–	0.45%	–
NVDA	New	NVIDIA CORP	$1,176,000	–	7,160	–	0.41%	–
DIS	New	WALT DISNEY COMPANY	$1,076,000	–	7,702	–	0.38%	–
HON	New	HONEYWELL INTERNATIONAL INC	$1,055,000	–	6,043	–	0.37%	–
AABA	New	ALTABA INC	$1,041,000	–	15,000	–	0.36%	–
CHD	New	CHURCH & DWIGHT CO INC	$1,032,000	–	14,130	–	0.36%	–
TRV	New	TRAVELERS COMPANIES, INC.	$1,007,000	–	6,732	–	0.35%	–
RDSB	New	ROYAL DUTCH SHELL PLC - ADR B	$948,000	–	14,420	–	0.33%	–
AAPL	New	APPLE INC.	$841,000	–	4,247	–	0.30%	–
AVY	New	AVERY DENNISON CORP	$814,000	–	7,035	–	0.28%	–
GILD	New	GILEAD SCIENCES, INC.	$764,000	–	11,311	–	0.27%	–
RDSA	New	ROYAL DUTCH SHELL PLC - ADR A	$717,000	–	11,024	–	0.25%	–
ABBV	New	ABBVIE INC.	$685,000	–	9,419	–	0.24%	–
MET	New	METLIFE, INC.	$639,000	–	12,858	–	0.22%	–
PYPL	New	PAYPAL HOLDINGS, INC.	$621,000	–	5,429	–	0.22%	–
IFF	New	INTL FLAVORS & FRAGRANCES	$609,000	–	4,200	–	0.21%	–
CSCO	New	CISCO SYSTEMS INC	$603,000	–	11,021	–	0.21%	–
CRM	New	SALESFORCE.COM, INC	$599,000	–	3,951	–	0.21%	–
USB	New	U.S. BANCORP	$590,000	–	11,250	–	0.21%	–
CVS	New	CVS HEALTH CORP	$565,000	–	10,365	–	0.20%	–
V	New	VISA INC	$519,000	–	2,992	–	0.18%	–
BAC	New	BANK OF AMERICA CORP	$452,000	–	15,580	–	0.16%	–
KEY	New	KEYCORP	$449,000	–	25,276	–	0.16%	–
WBS	New	WEBSTER FINANCIAL CORP	$446,000	–	9,336	–	0.16%	–
BHB	New	BAR HARBOR BANKSHARES	$413,000	–	15,540	–	0.14%	–
SYK	New	STRYKER CORP	$410,000	–	1,994	–	0.14%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$387,000	–	1,710	–	0.14%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$349,000	–	3,851	–	0.12%	–
BA	New	BOEING COMPANY	$343,000	–	942	–	0.12%	–
JPM	New	JPMORGAN CHASE & CO.	$335,000	–	2,993	–	0.12%	–
PGR	New	PROGRESSIVE CORPORATION	$335,000	–	4,195	–	0.12%	–
CB	New	CHUBB LTD	$298,000	–	2,022	–	0.10%	–
WFC	New	WELLS FARGO & CO	$285,000	–	6,024	–	0.10%	–
NKE	New	NIKE, INC - CL B	$254,000	–	3,025	–	0.09%	–
GS	New	GOLDMAN SACHS GROUP INC	$254,000	–	1,240	–	0.09%	–
CNI	New	CANADIAN NATL RAILWAY CO	$245,000	–	2,650	–	0.09%	–
WMT	New	WAL-MART STORES INC	$243,000	–	2,200	–	0.08%	–
MDT	New	MEDTRONIC PLC	$232,000	–	2,380	–	0.08%	–
SSNC	New	SS&C TECHNOLOGIES HOLDINGS, INC	$230,000	–	4,000	–	0.08%	–
ADP	New	AUTOMATIC DATA PROCESSING	$226,000	–	1,367	–	0.08%	–
EBAY	New	EBAY INC	$222,000	–	5,624	–	0.08%	–
LLL	New	L-3 COMMUNICATIONS HOLDINGS	$208,000	–	850	–	0.07%	–
GSAT	New	GLOBALSTAR INC	$15,000	–	31,992	–	0.01%	–
CBIS	New	CANNABIS SCIENCE INC	$2,000	–	57,000	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
CRM	Exit	SALESFORCE.COM, INC	$0	–	-1,280	–	-0.08%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-2,200	–	-0.08%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-1,367	–	-0.08%	–
SSNC	Exit	SS&C TECHNOLOGIES HOLDINGS INC	$0	–	-3,800	–	-0.08%	–
WBS	Exit	WEBSTER FINANCIAL GROUP	$0	–	-3,836	–	-0.09%	–
NTAP	Exit	NETAPP INC	$0	–	-2,675	–	-0.09%	–
CNI	Exit	CANADIAN NATL RAILWAY CO	$0	–	-2,650	–	-0.09%	–
CB	Exit	CHUBB LTD	$0	–	-1,793	–	-0.09%	–
NKE	Exit	NIKE, INC - CL B	$0	–	-2,925	–	-0.10%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-22,578	–	-0.10%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-2,424	–	-0.10%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-1,710	–	-0.11%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,270	–	-0.11%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-5,540	–	-0.11%	–
BA	Exit	BOEING COMPANY	$0	–	-842	–	-0.12%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-156	–	-0.12%	–
AAPL	Exit	APPLE INC.	$0	–	-1,422	–	-0.12%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP	$0	–	-3,580	–	-0.13%	–
SYK	Exit	STRYKER CORP	$0	–	-1,994	–	-0.14%	–
USB	Exit	U.S. BANCORP	$0	–	-7,150	–	-0.14%	–
V	Exit	VISA INC	$0	–	-2,685	–	-0.15%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,024	–	-0.16%	–
NWL	Exit	NEWELL RUBBERMAID INC	$0	–	-20,681	–	-0.16%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-15,128	–	-0.17%	–
KHC	Exit	KRAFT HEINZ COMPANY	$0	–	-8,384	–	-0.18%	–
BHB	Exit	BAR HARBOR BANKSHARES	$0	–	-16,165	–	-0.18%	–
BUD	Exit	ANHEUSER-BUSCH INBEV NV	$0	–	-5,351	–	-0.18%	–
PYPL	Exit	PAYPAL HOLDINGS, INC.	$0	–	-5,471	–	-0.18%	–
CELG	Exit	CELGENE CORP	$0	–	-5,545	–	-0.19%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-10,990	–	-0.20%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-3,636	–	-0.23%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC - ADR B	$0	–	-10,679	–	-0.29%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-7,035	–	-0.29%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC - ADR A	$0	–	-11,741	–	-0.30%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-13,505	–	-0.31%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-7,321	–	-0.33%	–
MET	Exit	METLIFE, INC.	$0	–	-19,723	–	-0.35%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-12,209	–	-0.37%	–
AABA	Exit	ALTABA INC	$0	–	-15,000	–	-0.39%	–
TRV	Exit	TRAVELERS COMPANIES, INC.	$0	–	-8,028	–	-0.40%	–
ABBV	Exit	ABBVIE INC.	$0	–	-11,089	–	-0.40%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-24,658	–	-0.40%	–
WPP	Exit	WPP PLC - ADR	$0	–	-14,668	–	-0.41%	–
DASTY	Exit	DASSAULT SYSTEMES SA ADR	$0	–	-7,280	–	-0.41%	–
SJM	Exit	JM SMUCKER COMPANY	$0	–	-12,036	–	-0.47%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-4,712	–	-0.48%	–
D	Exit	DOMINION RESOURCES, INC.	$0	–	-18,090	–	-0.48%	–
GILD	Exit	GILEAD SCIENCES, INC.	$0	–	-16,817	–	-0.50%	–
CMCSA	Exit	COMCAST CORP - CL A	$0	–	-40,047	–	-0.54%	–
GOOG	Exit	ALPHABET INC - CL C (Non-Voting)	$0	–	-1,303	–	-0.59%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-27,310	–	-0.63%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-18,261	–	-0.64%	–
STZ	Exit	CONSTELLATION BRANDS	$0	–	-8,394	–	-0.69%	–
GOOGL	Exit	ALPHABET INC - CL A (Voting)	$0	–	-1,551	–	-0.71%	–
NVDA	Exit	NVIDIA CORP	$0	–	-7,093	–	-0.76%	–
EMRAF	Exit	EMERA INC	$0	–	-67,175	–	-0.80%	–
RHHBY	Exit	ROCHE HOLDINGS LTD - ADR	$0	–	-69,306	–	-0.80%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO.	$0	–	-24,565	–	-0.89%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-29,402	–	-0.90%	–
MCI	Exit	BARINGS CORPORATE INVESTORS	$0	–	-161,018	–	-0.94%	–
FIS	Exit	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$0	–	-25,447	–	-1.06%	–
UL	Exit	UNILEVER N.V.	$0	–	-53,005	–	-1.11%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-59,397	–	-1.21%	–
T	Exit	AT&T INC	$0	–	-96,977	–	-1.24%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-78,557	–	-1.31%	–
ECL	Exit	ECOLAB INC	$0	–	-21,870	–	-1.31%	–
FTV	Exit	FORTIVE CORP	$0	–	-41,830	–	-1.34%	–
MAS	Exit	MASCO CORP	$0	–	-96,398	–	-1.35%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-82,239	–	-1.35%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-52,765	–	-1.54%	–
DEO	Exit	DIAGEO PLC - ADR	$0	–	-29,237	–	-1.58%	–
INTC	Exit	INTEL CORP	$0	–	-88,974	–	-1.60%	–
CVX	Exit	CHEVRON CORP	$0	–	-34,778	–	-1.62%	–
MTB	Exit	M & T BANK CORPORATION	$0	–	-26,376	–	-1.66%	–
UPS	Exit	UNITED PARCEL SERVICE - CL B	$0	–	-38,533	–	-1.72%	–
SYY	Exit	SYSCO CORP	$0	–	-65,157	–	-1.82%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-32,691	–	-1.83%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-35,253	–	-1.83%	–
MRK	Exit	MERCK & CO. INC.	$0	–	-69,355	–	-1.88%	–
NSRGY	Exit	NESTLE SA - ADR	$0	–	-60,231	–	-1.91%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-46,734	–	-1.91%	–
MMM	Exit	3M COMPANY	$0	–	-24,644	–	-1.98%	–
DHR	Exit	DANAHER CORP	$0	–	-48,633	–	-2.02%	–
TROW	Exit	T. ROWE PRICE GROUP INC.	$0	–	-50,708	–	-2.11%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-52,019	–	-2.11%	–
MA	Exit	MASTERCARD, INC.	$0	–	-25,068	–	-2.13%	–
PX	Exit	PRAXAIR INC	$0	–	-35,610	–	-2.18%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-71,713	–	-2.28%	–
MCD	Exit	MCDONALD`S CORP	$0	–	-36,154	–	-2.31%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-138,245	–	-2.44%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-56,505	–	-2.45%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-45,563	–	-2.45%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-81,407	–	-2.53%	–
BDX	Exit	BECTON DICKINSON & CO.	$0	–	-25,909	–	-2.58%	–
PEP	Exit	PEPSICO INC	$0	–	-68,787	–	-2.93%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-107,177	–	-3.00%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-57,683	–	-3.08%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-71,695	–	-3.13%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-97,821	–	-3.17%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-65,308	–	-3.44%	–

Q3 2018

			Value		Shares		↓ Weighting
JNJ	Sell	JOHNSON & JOHNSON	$9,024,000	+13.2%	65,308	-0.6%	3.44%	+7.0%
XOM	Sell	EXXON MOBIL CORP	$8,317,000	+1.5%	97,821	-1.2%	3.17%	-4.1%
MSFT	Sell	MICROSOFT CORP	$8,200,000	+15.0%	71,695	-0.8%	3.13%	+8.7%
UTX	Buy	UNITED TECHNOLOGIES CORP	$8,065,000	+11.8%	57,683	+0.0%	3.08%	+5.7%
ABT	Sell	ABBOTT LABORATORIES	$7,863,000	+19.9%	107,177	-0.3%	3.00%	+13.3%
PEP	Sell	PEPSICO INC	$7,690,000	+2.3%	68,787	-0.4%	2.93%	-3.3%
BDX	Sell	BECTON DICKINSON & CO.	$6,762,000	+7.6%	25,909	-1.2%	2.58%	+1.7%
PM	Sell	PHILIP MORRIS INTERNATIONAL	$6,638,000	+0.6%	81,407	-0.4%	2.53%	-5.0%
ITW	Buy	ILLINOIS TOOL WORKS	$6,430,000	+2.6%	45,563	+0.7%	2.45%	-3.1%
KMB	Sell	KIMBERLY-CLARK CORP	$6,421,000	+6.6%	56,505	-1.2%	2.45%	+0.7%
KO	Sell	COCA-COLA COMPANY	$6,386,000	+4.0%	138,245	-1.2%	2.44%	-1.7%
MCD	Sell	MCDONALD`S CORP	$6,048,000	+6.1%	36,154	-0.6%	2.31%	+0.3%
PG	Sell	PROCTER & GAMBLE COMPANY	$5,969,000	+5.4%	71,713	-1.1%	2.28%	-0.4%
PX	Sell	PRAXAIR INC	$5,724,000	+0.9%	35,610	-0.7%	2.18%	-4.6%
MA	Sell	MASTERCARD, INC.	$5,580,000	+12.0%	25,068	-1.1%	2.13%	+5.9%
AXP	Sell	AMERICAN EXPRESS CO	$5,539,000	+7.5%	52,019	-1.1%	2.11%	+1.5%
TROW	Buy	T. ROWE PRICE GROUP INC.	$5,536,000	-5.3%	50,708	+0.7%	2.11%	-10.5%
DHR	Sell	DANAHER CORP	$5,284,000	+9.6%	48,633	-0.4%	2.02%	+3.5%
MMM	Buy	3M COMPANY	$5,193,000	+8.3%	24,644	+1.1%	1.98%	+2.3%
TXN	Sell	TEXAS INSTRUMENTS INC	$5,014,000	-3.3%	46,734	-0.6%	1.91%	-8.6%
NSRGY	Sell	NESTLE SA - ADR	$5,011,000	+6.8%	60,231	-0.6%	1.91%	+1.0%
MRK	Sell	MERCK & CO. INC.	$4,920,000	+15.6%	69,355	-1.1%	1.88%	+9.3%
PNC	Sell	PNC FINANCIAL SERVICES GROUP	$4,801,000	+0.8%	35,253	-0.0%	1.83%	-4.8%
SWK	Buy	STANLEY BLACK & DECKER INC	$4,787,000	+14.9%	32,691	+4.3%	1.83%	+8.6%
SYY	Sell	SYSCO CORP	$4,773,000	+5.5%	65,157	-1.7%	1.82%	-0.4%
UPS	Sell	UNITED PARCEL SERVICE - CL B	$4,499,000	+9.7%	38,533	-0.2%	1.72%	+3.7%
MTB	Buy	M & T BANK CORPORATION	$4,340,000	-3.3%	26,376	+0.0%	1.66%	-8.6%
CVX	Buy	CHEVRON CORP	$4,253,000	-3.2%	34,778	+0.1%	1.62%	-8.5%
INTC	Buy	INTEL CORP	$4,208,000	-4.5%	88,974	+0.3%	1.60%	-9.8%
DEO	Sell	DIAGEO PLC - ADR	$4,142,000	-1.7%	29,237	-0.1%	1.58%	-7.1%
EMR	Sell	EMERSON ELECTRIC CO	$4,041,000	+10.7%	52,765	-0.0%	1.54%	+4.6%
MAS	Sell	MASCO CORP	$3,528,000	-8.3%	96,398	-6.2%	1.35%	-13.3%
GIS	Sell	GENERAL MILLS INC	$3,530,000	-3.9%	82,239	-1.0%	1.35%	-9.2%
FTV	Buy	FORTIVE CORP	$3,522,000	+83.1%	41,830	+67.7%	1.34%	+73.1%
ECL	Sell	ECOLAB INC	$3,429,000	+11.7%	21,870	-0.0%	1.31%	+5.6%
SO	Sell	SOUTHERN COMPANY	$3,425,000	-6.0%	78,557	-0.2%	1.31%	-11.2%
T	Buy	AT&T INC	$3,256,000	+5.7%	96,977	+1.1%	1.24%	-0.1%
VZ	Sell	VERIZON COMMUNICATIONS INC	$3,171,000	+1.2%	59,397	-4.6%	1.21%	-4.4%
UL	Sell	UNILEVER N.V.	$2,914,000	-1.1%	53,005	-0.5%	1.11%	-6.5%
FIS	Sell	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$2,775,000	+1.5%	25,447	-1.3%	1.06%	-4.1%
MCI	Buy	BARINGS CORPORATE INVESTORS	$2,467,000	+7.9%	161,018	+6.4%	0.94%	+2.0%
DUK	Sell	DUKE ENERGY CORPORATION	$2,353,000	+1.0%	29,402	-0.2%	0.90%	-4.6%
ESRX	Sell	EXPRESS SCRIPTS HOLDING CO.	$2,334,000	+18.5%	24,565	-3.7%	0.89%	+11.9%
RHHBY	Sell	ROCHE HOLDINGS LTD - ADR	$2,090,000	+4.2%	69,306	-4.6%	0.80%	-1.6%
EMRAF	Buy	EMERA INC	$2,088,000	-3.2%	67,175	+1.4%	0.80%	-8.5%
NVDA	Buy	NVIDIA CORP	$1,993,000	+19.7%	7,093	+0.9%	0.76%	+13.1%
STZ	New	CONSTELLATION BRANDS	$1,810,000	–	8,394	–	0.69%	–
ABC	Buy	AMERISOURCEBERGEN CORP	$1,684,000	+5.2%	18,261	+1.1%	0.64%	-0.6%
MO	Sell	ALTRIA GROUP INC	$1,647,000	+1.8%	27,310	-4.2%	0.63%	-3.8%
GOOG	Buy	ALPHABET INC - CL C (Non-Voting)	$1,555,000	+9.5%	1,303	+2.4%	0.59%	+3.5%
CMCSA	Sell	COMCAST CORP - CL A	$1,418,000	+7.9%	40,047	-0.0%	0.54%	+2.1%
GILD	Sell	GILEAD SCIENCES, INC.	$1,298,000	+8.5%	16,817	-0.4%	0.50%	+2.5%
D	Sell	DOMINION RESOURCES, INC.	$1,271,000	+2.8%	18,090	-0.2%	0.48%	-2.8%
UNH	Buy	UNITEDHEALTH GROUP INC	$1,254,000	+8.9%	4,712	+0.4%	0.48%	+2.8%
SJM	Buy	JM SMUCKER COMPANY	$1,235,000	-4.3%	12,036	+0.3%	0.47%	-9.6%
WPP	Sell	WPP PLC - ADR	$1,075,000	-38.9%	14,668	-34.4%	0.41%	-42.2%
MDLZ	Buy	MONDELEZ INTERNATIONAL INC	$1,059,000	+5.0%	24,658	+0.2%	0.40%	-0.7%
ABBV	Sell	ABBVIE INC.	$1,049,000	+0.1%	11,089	-1.9%	0.40%	-5.4%
TRV	Sell	TRAVELERS COMPANIES, INC.	$1,041,000	+1.5%	8,028	-4.3%	0.40%	-4.1%
CVS	Sell	CVS HEALTH CORP	$961,000	+21.6%	12,209	-0.5%	0.37%	+15.0%
MET	Sell	METLIFE, INC.	$921,000	+7.0%	19,723	-0.1%	0.35%	+1.2%
WHR	Sell	WHIRLPOOL CORP	$869,000	-34.0%	7,321	-18.7%	0.33%	-37.7%
RDSA	Buy	ROYAL DUTCH SHELL PLC - ADR A	$800,000	-1.4%	11,741	+0.3%	0.30%	-6.7%
RDSB	Buy	ROYAL DUTCH SHELL PLC - ADR B	$757,000	+0.4%	10,679	+2.9%	0.29%	-4.9%
HON	Sell	HONEYWELL INTERNATIONAL INC	$605,000	+8.8%	3,636	-5.8%	0.23%	+3.1%
PYPL	Buy	PAYPAL HOLDINGS, INC.	$481,000	+6.4%	5,471	+0.8%	0.18%	+0.5%
BUD	Sell	ANHEUSER-BUSCH INBEV NV	$469,000	-25.8%	5,351	-14.7%	0.18%	-29.8%
KHC	Sell	KRAFT HEINZ COMPANY	$462,000	-13.6%	8,384	-1.6%	0.18%	-18.5%
BAC	Buy	BANK OF AMERICA CORP	$446,000	+8.8%	15,128	+4.1%	0.17%	+3.0%
NWL	Sell	NEWELL RUBBERMAID INC	$420,000	-45.2%	20,681	-30.5%	0.16%	-48.4%
HD	Buy	HOME DEPOT INC	$419,000	+16.1%	2,024	+9.3%	0.16%	+9.6%
USB	Sell	U.S. BANCORP	$378,000	+3.0%	7,150	-2.5%	0.14%	-2.7%
SYK	Buy	STRYKER CORP	$354,000	+20.4%	1,994	+14.3%	0.14%	+13.4%
COF	Buy	CAPITAL ONE FINANCIAL CORP	$340,000	+5.6%	3,580	+2.1%	0.13%	0.0%
AAPL	Buy	APPLE INC.	$321,000	+33.8%	1,422	+9.9%	0.12%	+25.8%
BA	Buy	BOEING COMPANY	$313,000	+14.7%	842	+3.3%	0.12%	+8.2%
AMZN	Buy	AMAZON.COM INC	$312,000	+32.8%	156	+15.6%	0.12%	+25.3%
JPM	Buy	JPMORGAN CHASE & CO.	$274,000	+15.6%	2,424	+6.8%	0.10%	+8.3%
GE	Sell	GENERAL ELECTRIC CO	$255,000	-18.5%	22,578	-2.0%	0.10%	-23.0%
SSNC	New	SS&C TECHNOLOGIES HOLDINGS INC	$216,000	–	3,800	–	0.08%	–
ADP	New	AUTOMATIC DATA PROCESSING	$206,000	–	1,367	–	0.08%	–
WMT	Sell	WAL-MART STORES INC	$207,000	+3.0%	2,200	-6.4%	0.08%	-2.5%
CRM	New	SALESFORCE.COM, INC	$204,000	–	1,280	–	0.08%	–
EBAY	Exit	EBAY INC	$0	–	-5,649	–	-0.08%	–
BIIB	Exit	BIOGEN INC.	$0	–	-1,081	–	-0.13%	–

Q2 2018

			Value		Shares		↓ Weighting
XOM	New	EXXON MOBIL CORP	$8,192,000	–	99,021	–	3.31%	–
JNJ	New	JOHNSON & JOHNSON	$7,970,000	–	65,685	–	3.22%	–
PEP	New	PEPSICO INC	$7,518,000	–	69,052	–	3.03%	–
UTX	New	UNITED TECHNOLOGIES CORP	$7,212,000	–	57,681	–	2.91%	–
MSFT	New	MICROSOFT CORP	$7,130,000	–	72,305	–	2.88%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$6,600,000	–	81,746	–	2.66%	–
ABT	New	ABBOTT LABORATORIES	$6,557,000	–	107,503	–	2.65%	–
BDX	New	BECTON DICKINSON & CO.	$6,284,000	–	26,229	–	2.54%	–
ITW	New	ILLINOIS TOOL WORKS	$6,270,000	–	45,259	–	2.53%	–
KO	New	COCA-COLA COMPANY	$6,139,000	–	139,967	–	2.48%	–
KMB	New	KIMBERLY-CLARK CORP	$6,025,000	–	57,194	–	2.43%	–
TROW	New	T. ROWE PRICE GROUP INC.	$5,844,000	–	50,339	–	2.36%	–
MCD	New	MCDONALD`S CORP	$5,698,000	–	36,364	–	2.30%	–
PX	New	PRAXAIR INC	$5,672,000	–	35,867	–	2.29%	–
PG	New	PROCTER & GAMBLE COMPANY	$5,661,000	–	72,521	–	2.28%	–
TXN	New	TEXAS INSTRUMENTS INC	$5,185,000	–	47,031	–	2.09%	–
AXP	New	AMERICAN EXPRESS CO	$5,154,000	–	52,592	–	2.08%	–
MA	New	MASTERCARD, INC.	$4,980,000	–	25,343	–	2.01%	–
DHR	New	DANAHER CORP	$4,821,000	–	48,851	–	1.95%	–
MMM	New	3M COMPANY	$4,797,000	–	24,383	–	1.94%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$4,765,000	–	35,267	–	1.92%	–
NSRGY	New	NESTLE SA - ADR	$4,691,000	–	60,581	–	1.89%	–
SYY	New	SYSCO CORP	$4,526,000	–	66,272	–	1.83%	–
MTB	New	M & T BANK CORPORATION	$4,486,000	–	26,366	–	1.81%	–
INTC	New	INTEL CORP	$4,408,000	–	88,669	–	1.78%	–
CVX	New	CHEVRON CORP	$4,393,000	–	34,743	–	1.77%	–
MRK	New	MERCK & CO. INC.	$4,255,000	–	70,097	–	1.72%	–
DEO	New	DIAGEO PLC - ADR	$4,213,000	–	29,252	–	1.70%	–
SWK	New	STANLEY BLACK & DECKER INC	$4,165,000	–	31,358	–	1.68%	–
UPS	New	UNITED PARCEL SERVICE - CL B	$4,102,000	–	38,613	–	1.66%	–
MAS	New	MASCO CORP	$3,847,000	–	102,811	–	1.55%	–
GIS	New	GENERAL MILLS INC	$3,675,000	–	83,042	–	1.48%	–
EMR	New	EMERSON ELECTRIC CO	$3,649,000	–	52,780	–	1.47%	–
SO	New	SOUTHERN COMPANY	$3,644,000	–	78,692	–	1.47%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,133,000	–	62,272	–	1.26%	–
T	New	AT&T INC	$3,081,000	–	95,954	–	1.24%	–
ECL	New	ECOLAB INC	$3,070,000	–	21,875	–	1.24%	–
UL	New	UNILEVER N.V.	$2,945,000	–	53,280	–	1.19%	–
FIS	New	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$2,734,000	–	25,782	–	1.10%	–
DUK	New	DUKE ENERGY CORPORATION	$2,329,000	–	29,452	–	0.94%	–
MCI	New	BARINGS CORPORATE INVESTORS	$2,287,000	–	151,328	–	0.92%	–
EMRAF	New	EMERA INC	$2,156,000	–	66,255	–	0.87%	–
RHHBY	New	ROCHE HOLDINGS LTD - ADR	$2,006,000	–	72,616	–	0.81%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO.	$1,970,000	–	25,518	–	0.80%	–
FTV	New	FORTIVE CORP	$1,924,000	–	24,949	–	0.78%	–
WPP	New	WPP PLC - ADR	$1,758,000	–	22,373	–	0.71%	–
GOOGL	New	ALPHABET INC - CL A (Voting)	$1,751,000	–	1,551	–	0.71%	–
NVDA	New	NVIDIA CORP	$1,665,000	–	7,027	–	0.67%	–
MO	New	ALTRIA GROUP INC	$1,618,000	–	28,495	–	0.65%	–
ABC	New	AMERISOURCEBERGEN CORP	$1,601,000	–	18,071	–	0.65%	–
GOOG	New	ALPHABET INC - CL C (Non-Voting)	$1,420,000	–	1,273	–	0.57%	–
WHR	New	WHIRLPOOL CORP	$1,316,000	–	9,001	–	0.53%	–
CMCSA	New	COMCAST CORP - CL A	$1,314,000	–	40,062	–	0.53%	–
SJM	New	JM SMUCKER COMPANY	$1,290,000	–	12,001	–	0.52%	–
D	New	DOMINION RESOURCES, INC.	$1,236,000	–	18,130	–	0.50%	–
GILD	New	GILEAD SCIENCES, INC.	$1,196,000	–	16,882	–	0.48%	–
UNH	New	UNITEDHEALTH GROUP INC	$1,151,000	–	4,692	–	0.46%	–
AABA	New	ALTABA INC	$1,098,000	–	15,000	–	0.44%	–
ABBV	New	ABBVIE INC.	$1,048,000	–	11,309	–	0.42%	–
TRV	New	TRAVELERS COMPANIES, INC.	$1,026,000	–	8,388	–	0.41%	–
DASTY	New	DASSAULT SYSTEMES SA ADR	$1,022,000	–	7,280	–	0.41%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$1,009,000	–	24,598	–	0.41%	–
MET	New	METLIFE, INC.	$861,000	–	19,743	–	0.35%	–
RDSA	New	ROYAL DUTCH SHELL PLC - ADR A	$811,000	–	11,711	–	0.33%	–
CVS	New	CVS HEALTH CORP	$790,000	–	12,274	–	0.32%	–
NWL	New	NEWELL RUBBERMAID INC	$767,000	–	29,741	–	0.31%	–
RDSB	New	ROYAL DUTCH SHELL PLC - ADR B	$754,000	–	10,376	–	0.30%	–
CHD	New	CHURCH & DWIGHT CO INC	$718,000	–	13,505	–	0.29%	–
AVY	New	AVERY DENNISON CORP	$718,000	–	7,035	–	0.29%	–
BUD	New	ANHEUSER-BUSCH INBEV NV	$632,000	–	6,274	–	0.26%	–
HON	New	HONEYWELL INTERNATIONAL INC	$556,000	–	3,861	–	0.22%	–
KHC	New	KRAFT HEINZ COMPANY	$535,000	–	8,517	–	0.22%	–
BHB	New	BAR HARBOR BANKSHARES	$490,000	–	16,165	–	0.20%	–
CSCO	New	CISCO SYSTEMS INC	$473,000	–	10,990	–	0.19%	–
PYPL	New	PAYPAL HOLDINGS, INC.	$452,000	–	5,429	–	0.18%	–
CELG	New	CELGENE CORP	$440,000	–	5,545	–	0.18%	–
BAC	New	BANK OF AMERICA CORP	$410,000	–	14,528	–	0.16%	–
USB	New	U.S. BANCORP	$367,000	–	7,334	–	0.15%	–
HD	New	HOME DEPOT INC	$361,000	–	1,852	–	0.15%	–
V	New	VISA INC	$356,000	–	2,685	–	0.14%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$322,000	–	3,505	–	0.13%	–
BIIB	New	BIOGEN INC.	$314,000	–	1,081	–	0.13%	–
GE	New	GENERAL ELECTRIC CO	$313,000	–	23,034	–	0.13%	–
WFC	New	WELLS FARGO & CO	$307,000	–	5,540	–	0.12%	–
SYK	New	STRYKER CORP	$294,000	–	1,744	–	0.12%	–
GS	New	GOLDMAN SACHS GROUP INC	$280,000	–	1,270	–	0.11%	–
BA	New	BOEING COMPANY	$273,000	–	815	–	0.11%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$266,000	–	1,710	–	0.11%	–
WBS	New	WEBSTER FINANCIAL GROUP	$244,000	–	3,836	–	0.10%	–
AAPL	New	APPLE INC.	$240,000	–	1,294	–	0.10%	–
JPM	New	JPMORGAN CHASE & CO.	$237,000	–	2,270	–	0.10%	–
AMZN	New	AMAZON.COM INC	$235,000	–	135	–	0.10%	–
NKE	New	NIKE, INC - CL B	$233,000	–	2,925	–	0.09%	–
CB	New	CHUBB LTD	$228,000	–	1,793	–	0.09%	–
CNI	New	CANADIAN NATL RAILWAY CO	$217,000	–	2,650	–	0.09%	–
NTAP	New	NETAPP INC	$210,000	–	2,675	–	0.08%	–
EBAY	New	EBAY INC	$205,000	–	5,649	–	0.08%	–
WMT	New	WAL-MART STORES INC	$201,000	–	2,350	–	0.08%	–

Q4 2017

			Value		Shares		↓ Weighting
WBS	Exit	WEBSTER FINANCIAL GROUP	$0	–	-3,836	–	-0.08%	–
USB	Exit	U.S. BANCORP	$0	–	-3,845	–	-0.08%	–
EBAY	Exit	EBAY INC	$0	–	-5,399	–	-0.08%	–
CB	Exit	CHUBB LTD	$0	–	-1,492	–	-0.09%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-2,321	–	-0.09%	–
CNI	Exit	CANADIAN RAILWAY CO	$0	–	-2,700	–	-0.09%	–
SYK	Exit	STRYKER CORP	$0	–	-1,759	–	-0.10%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-1,754	–	-0.11%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,165	–	-0.11%	–
V	Exit	VISA INC	$0	–	-2,685	–	-0.12%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP	$0	–	-3,380	–	-0.12%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-5,360	–	-0.12%	–
PYPL	Exit	PAYPAL HOLDINGS, INC.	$0	–	-5,179	–	-0.14%	–
BIIB	Exit	BIOGEN INC.	$0	–	-1,151	–	-0.15%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-14,528	–	-0.15%	–
D	Exit	DOMINION RESOURCES, INC.	$0	–	-4,810	–	-0.15%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-11,355	–	-0.16%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP	$0	–	-6,362	–	-0.17%	–
JCI	Exit	JOHNSON CONTROLS INTL PLC	$0	–	-11,271	–	-0.19%	–
BA	Exit	BOEING COMPANY	$0	–	-1,812	–	-0.19%	–
BHB	Exit	BAR HARBOR BANKSHARES	$0	–	-16,165	–	-0.21%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-4,236	–	-0.25%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC - ADR B	$0	–	-10,279	–	-0.26%	–
KHC	Exit	KRAFT HEINZ COMPANY	$0	–	-8,560	–	-0.27%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-7,045	–	-0.28%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC - ADR A	$0	–	-11,719	–	-0.29%	–
DASTY	Exit	DASSAULT SYSTEMES SA ADR	$0	–	-7,130	–	-0.30%	–
BUD	Exit	ANHEUSER-BUSCH INBEV NV	$0	–	-6,233	–	-0.30%	–
CELG	Exit	CELGENE CORP	$0	–	-5,370	–	-0.32%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-19,938	–	-0.33%	–
MET	Exit	METLIFE, INC.	$0	–	-17,112	–	-0.36%	–
AABA	Exit	ALTABA INC	$0	–	-15,000	–	-0.41%	–
TRV	Exit	TRAVELERS COMPANIES, INC.	$0	–	-8,583	–	-0.43%	–
ABBV	Exit	ABBVIE INC.	$0	–	-12,505	–	-0.46%	–
PII	Exit	POLARIS INDUSTRIES INC.	$0	–	-11,231	–	-0.48%	–
NVDA	Exit	NVIDIA CORP	$0	–	-6,777	–	-0.50%	–
GOOG	Exit	ALPHABET INC - CL C (Non-Voting)	$0	–	-1,288	–	-0.51%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-15,323	–	-0.51%	–
SJM	Exit	JM SMUCKER COMPANY	$0	–	-12,265	–	-0.53%	–
CMCSA	Exit	COMCAST CORP - CL A	$0	–	-34,596	–	-0.54%	–
GILD	Exit	GILEAD SCIENCES, INC.	$0	–	-17,393	–	-0.58%	–
GOOGL	Exit	ALPHABET INC - CL A (Voting)	$0	–	-1,511	–	-0.60%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-8,190	–	-0.62%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-24,486	–	-0.64%	–
FTV	Exit	FORTIVE CORP	$0	–	-23,572	–	-0.68%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO.	$0	–	-26,619	–	-0.69%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-21,735	–	-0.74%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-24,187	–	-0.83%	–
EMRAF	Exit	EMERA INC	$0	–	-54,450	–	-0.84%	–
MCI	Exit	BARINGS CORPORATE INVESTORS	$0	–	-143,729	–	-0.93%	–
WPP	Exit	WPP PLC - ADR	$0	–	-24,931	–	-0.95%	–
FIS	Exit	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$0	–	-25,612	–	-0.98%	–
NWL	Exit	NEWELL RUBBERMAID INC	$0	–	-56,600	–	-0.99%	–
RHHBY	Exit	ROCHE HOLDINGS LTD - ADR	$0	–	-78,464	–	-1.03%	–
ECL	Exit	ECOLAB INC	$0	–	-20,467	–	-1.08%	–
UL	Exit	UNILEVER N.V.	$0	–	-52,075	–	-1.24%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-62,090	–	-1.26%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-52,160	–	-1.34%	–
INTC	Exit	INTEL CORP	$0	–	-86,613	–	-1.35%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-39,496	–	-1.45%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-73,997	–	-1.49%	–
T	Exit	AT&T INC	$0	–	-93,193	–	-1.50%	–
SYY	Exit	SYSCO CORP	$0	–	-67,746	–	-1.50%	–
MA	Exit	MASTERCARD, INC.	$0	–	-26,270	–	-1.52%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-162,193	–	-1.61%	–
CVX	Exit	CHEVRON CORP	$0	–	-33,673	–	-1.62%	–
DEO	Exit	DIAGEO PLC - ADR	$0	–	-30,007	–	-1.62%	–
MAS	Exit	MASCO CORP	$0	–	-104,411	–	-1.67%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-80,718	–	-1.71%	–
DHR	Exit	DANAHER CORP	$0	–	-49,043	–	-1.72%	–
MTB	Exit	M & T BANK CORPORATION	$0	–	-26,560	–	-1.75%	–
MRK	Exit	MERCK & CO. INC.	$0	–	-66,840	–	-1.75%	–
UPS	Exit	UNITED PARCEL SERVICE - CL B	$0	–	-37,427	–	-1.84%	–
TROW	Exit	T. ROWE PRICE GROUP INC.	$0	–	-50,389	–	-1.87%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-30,758	–	-1.90%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-35,076	–	-1.94%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-52,428	–	-1.94%	–
NSRGY	Exit	NESTLE SA - ADR	$0	–	-60,351	–	-2.08%	–
MMM	Exit	3M COMPANY	$0	–	-24,354	–	-2.10%	–
PX	Exit	PRAXAIR INC	$0	–	-36,632	–	-2.10%	–
BDX	Exit	BECTON DICKINSON & CO.	$0	–	-26,582	–	-2.13%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-72,406	–	-2.21%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-107,212	–	-2.34%	–
MCD	Exit	MCDONALD`S CORP	$0	–	-36,648	–	-2.35%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-139,254	–	-2.57%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-54,698	–	-2.64%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-72,863	–	-2.72%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-57,189	–	-2.72%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-46,233	–	-2.80%	–
PEP	Exit	PEPSICO INC	$0	–	-66,145	–	-3.02%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-98,514	–	-3.31%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-64,853	–	-3.46%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-80,207	–	-3.65%	–

Q3 2017

			Value		Shares		↓ Weighting
PM	Sell	PHILIP MORRIS INTERNATIONAL	$8,904,000	-5.6%	80,207	-0.2%	3.65%	-8.6%
JNJ	Buy	JOHNSON & JOHNSON	$8,432,000	-1.2%	64,853	+0.5%	3.46%	-4.3%
XOM	Buy	EXXON MOBIL CORP	$8,076,000	+3.5%	98,514	+2.0%	3.31%	+0.2%
PEP	Buy	PEPSICO INC	$7,370,000	-3.2%	66,145	+0.3%	3.02%	-6.3%
ITW	Buy	ILLINOIS TOOL WORKS	$6,841,000	+3.8%	46,233	+0.5%	2.80%	+0.5%
UTX	Buy	UNITED TECHNOLOGIES CORP	$6,638,000	-3.7%	57,189	+1.4%	2.72%	-6.7%
PG	Buy	PROCTER & GAMBLE COMPANY	$6,629,000	+5.2%	72,863	+0.7%	2.72%	+1.8%
KMB	Buy	KIMBERLY-CLARK CORP	$6,437,000	-7.4%	54,698	+1.6%	2.64%	-10.3%
KO	Buy	COCA-COLA COMPANY	$6,268,000	+0.7%	139,254	+0.3%	2.57%	-2.5%
MCD	Sell	MCDONALD`S CORP	$5,742,000	+2.1%	36,648	-0.2%	2.35%	-1.2%
ABT	Sell	ABBOTT LABORATORIES	$5,721,000	+9.6%	107,212	-0.1%	2.34%	+6.2%
MSFT	Sell	MICROSOFT CORP	$5,393,000	+7.6%	72,406	-0.4%	2.21%	+4.2%
BDX	Sell	BECTON DICKINSON & CO.	$5,209,000	-0.2%	26,582	-0.6%	2.13%	-3.4%
PX	Buy	PRAXAIR INC	$5,119,000	+5.7%	36,632	+0.3%	2.10%	+2.4%
MMM	Buy	3M COMPANY	$5,112,000	+2.7%	24,354	+1.8%	2.10%	-0.6%
NSRGY	Sell	NESTLE SA - ADR	$5,070,000	-4.0%	60,351	-0.3%	2.08%	-7.0%
AXP	Sell	AMERICAN EXPRESS CO	$4,743,000	+7.3%	52,428	-0.1%	1.94%	+3.8%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$4,727,000	+8.5%	35,076	+0.6%	1.94%	+5.1%
SWK	Buy	STANLEY BLACK & DECKER INC	$4,643,000	+7.9%	30,758	+0.6%	1.90%	+4.4%
TROW	Sell	T. ROWE PRICE GROUP INC.	$4,568,000	+21.8%	50,389	-0.3%	1.87%	+18.0%
UPS	Sell	UNITED PARCEL SERVICE - CL B	$4,495,000	+8.4%	37,427	-0.2%	1.84%	+5.0%
MRK	Buy	MERCK & CO. INC.	$4,280,000	+1.9%	66,840	+2.0%	1.75%	-1.3%
MTB	Buy	M & T BANK CORPORATION	$4,277,000	+0.9%	26,560	+1.5%	1.75%	-2.2%
DHR	Buy	DANAHER CORP	$4,207,000	+1.9%	49,043	+0.2%	1.72%	-1.4%
GIS	Buy	GENERAL MILLS INC	$4,178,000	-5.3%	80,718	+1.3%	1.71%	-8.4%
MAS	Sell	MASCO CORP	$4,073,000	+1.7%	104,411	-0.3%	1.67%	-1.5%
DEO	Buy	DIAGEO PLC - ADR	$3,965,000	+11.0%	30,007	+0.7%	1.62%	+7.5%
CVX	Buy	CHEVRON CORP	$3,957,000	+13.9%	33,673	+1.2%	1.62%	+10.3%
GE	Buy	GENERAL ELECTRIC CO	$3,922,000	-8.7%	162,193	+1.9%	1.61%	-11.7%
MA	Sell	MASTERCARD, INC.	$3,709,000	+15.9%	26,270	-0.3%	1.52%	+12.3%
SYY	Buy	SYSCO CORP	$3,655,000	+8.0%	67,746	+0.7%	1.50%	+4.6%
T	Buy	AT&T INC	$3,650,000	+7.2%	93,193	+3.3%	1.50%	+3.9%
SO	Buy	SOUTHERN COMPANY	$3,636,000	+5.6%	73,997	+2.9%	1.49%	+2.3%
TXN	Sell	TEXAS INSTRUMENTS INC	$3,540,000	+16.2%	39,496	-0.3%	1.45%	+12.6%
INTC	Buy	INTEL CORP	$3,298,000	+13.3%	86,613	+0.4%	1.35%	+9.7%
EMR	Buy	EMERSON ELECTRIC CO	$3,278,000	+6.3%	52,160	+0.8%	1.34%	+2.9%
VZ	Buy	VERIZON COMMUNICATIONS INC	$3,073,000	+12.0%	62,090	+1.1%	1.26%	+8.4%
UL	Buy	UNILEVER N.V.	$3,018,000	+7.5%	52,075	+0.4%	1.24%	+4.1%
ECL	Buy	ECOLAB INC	$2,632,000	-1.5%	20,467	+1.6%	1.08%	-4.7%
RHHBY	Buy	ROCHE HOLDINGS LTD - ADR	$2,511,000	+0.8%	78,464	+0.2%	1.03%	-2.4%
NWL	Buy	NEWELL RUBBERMAID INC	$2,415,000	+36.8%	56,600	+72.0%	0.99%	+32.5%
FIS	Sell	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$2,392,000	+9.2%	25,612	-0.2%	0.98%	+5.7%
WPP	Buy	WPP PLC - ADR	$2,314,000	-9.3%	24,931	+3.1%	0.95%	-12.1%
MCI	Buy	BARINGS CORPORATE INVESTORS	$2,269,000	+5.0%	143,729	+0.4%	0.93%	+1.8%
EMRAF	Sell	EMERA INC	$2,063,000	+1.4%	54,450	-0.2%	0.84%	-1.9%
DUK	Buy	DUKE ENERGY CORPORATION	$2,030,000	+0.4%	24,187	+0.0%	0.83%	-2.8%
ABC	Buy	AMERISOURCEBERGEN CORP	$1,799,000	-10.9%	21,735	+1.7%	0.74%	-13.8%
ESRX	Sell	EXPRESS SCRIPTS HOLDING CO.	$1,686,000	-2.0%	26,619	-1.2%	0.69%	-5.1%
MO	Buy	ALTRIA GROUP INC	$1,553,000	-10.8%	24,486	+4.7%	0.64%	-13.7%
WHR	Buy	WHIRLPOOL CORP	$1,511,000	+3.5%	8,190	+7.5%	0.62%	+0.2%
GOOGL	Buy	ALPHABET INC - CL A (Voting)	$1,471,000	+6.1%	1,511	+1.3%	0.60%	+2.7%
GILD	Buy	GILEAD SCIENCES, INC.	$1,409,000	+16.2%	17,393	+1.5%	0.58%	+12.5%
CMCSA	Buy	COMCAST CORP - CL A	$1,331,000	+26.0%	34,596	+27.5%	0.54%	+21.9%
SJM	Buy	JM SMUCKER COMPANY	$1,287,000	+16.2%	12,265	+31.0%	0.53%	+12.4%
CVS	Sell	CVS HEALTH CORP	$1,246,000	+0.6%	15,323	-0.5%	0.51%	-2.5%
PII	Sell	POLARIS INDUSTRIES INC.	$1,175,000	+12.4%	11,231	-0.9%	0.48%	+8.8%
TRV	Buy	TRAVELERS COMPANIES, INC.	$1,052,000	-2.0%	8,583	+1.2%	0.43%	-5.1%
MET	Buy	METLIFE, INC.	$889,000	-5.0%	17,112	+0.5%	0.36%	-8.1%
MDLZ	Sell	MONDELEZ INTERNATIONAL INC	$811,000	-7.2%	19,938	-1.5%	0.33%	-10.3%
CELG	Sell	CELGENE CORP	$783,000	+11.7%	5,370	-0.5%	0.32%	+8.1%
BUD	Buy	ANHEUSER-BUSCH INBEV NV	$744,000	+8.6%	6,233	+0.5%	0.30%	+5.2%
RDSA	Sell	ROYAL DUTCH SHELL PLC - ADR A	$710,000	+12.7%	11,719	-1.0%	0.29%	+9.0%
KHC	Buy	KRAFT HEINZ COMPANY	$664,000	-9.0%	8,560	+0.5%	0.27%	-12.0%
RDSB	Buy	ROYAL DUTCH SHELL PLC - ADR B	$643,000	+20.0%	10,279	+4.5%	0.26%	+15.9%
HON	Buy	HONEYWELL INTERNATIONAL INC	$600,000	+9.7%	4,236	+3.3%	0.25%	+6.5%
BA	Sell	BOEING COMPANY	$461,000	+12.7%	1,812	-12.3%	0.19%	+9.2%
JCI	Sell	JOHNSON CONTROLS INTL PLC	$454,000	-75.7%	11,271	-73.9%	0.19%	-76.5%
OXY	Sell	OCCIDENTAL PETROLEUM CORP	$409,000	+5.7%	6,362	-1.5%	0.17%	+2.4%
CSCO	Buy	CISCO SYSTEMS INC	$382,000	+9.1%	11,355	+1.6%	0.16%	+6.1%
WFC	Buy	WELLS FARGO & CO	$296,000	+0.7%	5,360	+1.1%	0.12%	-2.4%
GS	Buy	GOLDMAN SACHS GROUP INC	$276,000	+9.1%	1,165	+2.2%	0.11%	+5.6%
JPM	Sell	JPMORGAN CHASE & CO.	$222,000	+3.7%	2,321	-1.1%	0.09%	0.0%
EBAY	New	EBAY INC	$208,000	–	5,399	–	0.08%	–
USB	New	U.S. BANCORP	$206,000	–	3,845	–	0.08%	–

Q2 2017

			Value		Shares		↓ Weighting
PM	New	PHILIP MORRIS INTERNATIONAL	$9,437,000	–	80,349	–	3.99%	–
JNJ	New	JOHNSON & JOHNSON	$8,533,000	–	64,503	–	3.61%	–
XOM	New	EXXON MOBIL CORP	$7,800,000	–	96,617	–	3.30%	–
PEP	New	PEPSICO INC	$7,617,000	–	65,954	–	3.22%	–
KMB	New	KIMBERLY-CLARK CORP	$6,951,000	–	53,837	–	2.94%	–
UTX	New	UNITED TECHNOLOGIES CORP	$6,890,000	–	56,423	–	2.92%	–
ITW	New	ILLINOIS TOOL WORKS	$6,591,000	–	46,008	–	2.79%	–
PG	New	PROCTER & GAMBLE COMPANY	$6,304,000	–	72,335	–	2.67%	–
KO	New	COCA-COLA COMPANY	$6,224,000	–	138,779	–	2.63%	–
MCD	New	MCDONALD`S CORP	$5,626,000	–	36,735	–	2.38%	–
NSRGY	New	NESTLE SA - ADR	$5,280,000	–	60,551	–	2.23%	–
ABT	New	ABBOTT LABORATORIES	$5,219,000	–	107,371	–	2.21%	–
BDX	New	BECTON DICKINSON & CO.	$5,218,000	–	26,742	–	2.21%	–
MSFT	New	MICROSOFT CORP	$5,012,000	–	72,705	–	2.12%	–
MMM	New	3M COMPANY	$4,979,000	–	23,916	–	2.11%	–
PX	New	PRAXAIR INC	$4,842,000	–	36,530	–	2.05%	–
AXP	New	AMERICAN EXPRESS CO	$4,421,000	–	52,483	–	1.87%	–
GIS	New	GENERAL MILLS INC	$4,414,000	–	79,677	–	1.87%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$4,356,000	–	34,880	–	1.84%	–
SWK	New	STANLEY BLACK & DECKER INC	$4,304,000	–	30,582	–	1.82%	–
GE	New	GENERAL ELECTRIC CO	$4,298,000	–	159,133	–	1.82%	–
MTB	New	M & T BANK CORPORATION	$4,237,000	–	26,165	–	1.79%	–
MRK	New	MERCK & CO. INC.	$4,201,000	–	65,555	–	1.78%	–
UPS	New	UNITED PARCEL SERVICE - CL B	$4,148,000	–	37,512	–	1.76%	–
DHR	New	DANAHER CORP	$4,130,000	–	48,943	–	1.75%	–
MAS	New	MASCO CORP	$4,003,000	–	104,770	–	1.69%	–
TROW	New	T. ROWE PRICE GROUP INC.	$3,749,000	–	50,519	–	1.59%	–
DEO	New	DIAGEO PLC - ADR	$3,571,000	–	29,802	–	1.51%	–
CVX	New	CHEVRON CORP	$3,473,000	–	33,287	–	1.47%	–
SO	New	SOUTHERN COMPANY	$3,443,000	–	71,916	–	1.46%	–
T	New	AT&T INC	$3,404,000	–	90,220	–	1.44%	–
SYY	New	SYSCO CORP	$3,385,000	–	67,261	–	1.43%	–
MA	New	MASTERCARD, INC.	$3,199,000	–	26,340	–	1.35%	–
EMR	New	EMERSON ELECTRIC CO	$3,084,000	–	51,734	–	1.30%	–
TXN	New	TEXAS INSTRUMENTS INC	$3,047,000	–	39,606	–	1.29%	–
INTC	New	INTEL CORP	$2,910,000	–	86,257	–	1.23%	–
UL	New	UNILEVER N.V.	$2,807,000	–	51,874	–	1.19%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,744,000	–	61,439	–	1.16%	–
ECL	New	ECOLAB INC	$2,673,000	–	20,137	–	1.13%	–
WPP	New	WPP PLC - ADR	$2,550,000	–	24,187	–	1.08%	–
RHHBY	New	ROCHE HOLDINGS LTD - ADR	$2,491,000	–	78,329	–	1.05%	–
FIS	New	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$2,191,000	–	25,661	–	0.93%	–
MCI	New	BARINGS CORPORATE INVESTORS	$2,161,000	–	143,205	–	0.91%	–
EMRAF	New	EMERA INC	$2,034,000	–	54,535	–	0.86%	–
DUK	New	DUKE ENERGY CORPORATION	$2,022,000	–	24,186	–	0.86%	–
ABC	New	AMERISOURCEBERGEN CORP	$2,020,000	–	21,370	–	0.86%	–
JCI	New	JOHNSON CONTROLS INTL PLC	$1,870,000	–	43,125	–	0.79%	–
NWL	New	NEWELL RUBBERMAID INC	$1,765,000	–	32,915	–	0.75%	–
MO	New	ALTRIA GROUP INC	$1,742,000	–	23,386	–	0.74%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO.	$1,720,000	–	26,949	–	0.73%	–
FTV	New	FORTIVE CORP	$1,493,000	–	23,572	–	0.63%	–
WHR	New	WHIRLPOOL CORP	$1,460,000	–	7,617	–	0.62%	–
GOOGL	New	ALPHABET INC - CL A (Voting)	$1,386,000	–	1,491	–	0.59%	–
CVS	New	CVS HEALTH CORP	$1,239,000	–	15,393	–	0.52%	–
GILD	New	GILEAD SCIENCES, INC.	$1,213,000	–	17,138	–	0.51%	–
GOOG	New	ALPHABET INC - CL C (Non-Voting)	$1,170,000	–	1,288	–	0.50%	–
SJM	New	JM SMUCKER COMPANY	$1,108,000	–	9,360	–	0.47%	–
TRV	New	TRAVELERS COMPANIES, INC.	$1,073,000	–	8,482	–	0.45%	–
CMCSA	New	COMCAST CORP - CL A	$1,056,000	–	27,130	–	0.45%	–
PII	New	POLARIS INDUSTRIES INC.	$1,045,000	–	11,330	–	0.44%	–
NVDA	New	NVIDIA CORP	$980,000	–	6,777	–	0.42%	–
MET	New	METLIFE, INC.	$936,000	–	17,029	–	0.40%	–
ABBV	New	ABBVIE INC.	$907,000	–	12,505	–	0.38%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$874,000	–	20,238	–	0.37%	–
AABA	New	ALTABA INC	$817,000	–	15,000	–	0.35%	–
KHC	New	KRAFT HEINZ COMPANY	$730,000	–	8,520	–	0.31%	–
CELG	New	CELGENE CORP	$701,000	–	5,395	–	0.30%	–
BUD	New	ANHEUSER-BUSCH INBEV NV	$685,000	–	6,203	–	0.29%	–
DASTY	New	DASSAULT SYSTEMES SA ADR	$638,000	–	7,130	–	0.27%	–
RDSA	New	ROYAL DUTCH SHELL PLC - ADR A	$630,000	–	11,838	–	0.27%	–
AVY	New	AVERY DENNISON CORP	$623,000	–	7,045	–	0.26%	–
HON	New	HONEYWELL INTERNATIONAL INC	$547,000	–	4,100	–	0.23%	–
RDSB	New	ROYAL DUTCH SHELL PLC - ADR B	$536,000	–	9,839	–	0.23%	–
BHB	New	BAR HARBOR BANKSHARES	$498,000	–	16,165	–	0.21%	–
BA	New	BOEING COMPANY	$409,000	–	2,067	–	0.17%	–
OXY	New	OCCIDENTAL PETROLEUM CORP	$387,000	–	6,462	–	0.16%	–
D	New	DOMINION RESOURCES, INC.	$369,000	–	4,810	–	0.16%	–
BAC	New	BANK OF AMERICA CORP	$352,000	–	14,528	–	0.15%	–
CSCO	New	CISCO SYSTEMS INC	$350,000	–	11,175	–	0.15%	–
BIIB	New	BIOGEN INC.	$312,000	–	1,151	–	0.13%	–
WFC	New	WELLS FARGO & CO	$294,000	–	5,300	–	0.12%	–
PYPL	New	PAYPAL HOLDINGS, INC.	$278,000	–	5,179	–	0.12%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$279,000	–	3,380	–	0.12%	–
GS	New	GOLDMAN SACHS GROUP INC	$253,000	–	1,140	–	0.11%	–
V	New	VISA INC	$252,000	–	2,685	–	0.11%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$251,000	–	1,754	–	0.11%	–
SYK	New	STRYKER CORP	$244,000	–	1,759	–	0.10%	–
CNI	New	CANADIAN RAILWAY CO	$219,000	–	2,700	–	0.09%	–
CB	New	CHUBB LTD	$217,000	–	1,492	–	0.09%	–
JPM	New	JPMORGAN CHASE & CO.	$214,000	–	2,346	–	0.09%	–
WBS	New	WEBSTER FINANCIAL GROUP	$200,000	–	3,836	–	0.08%	–

Q4 2016

			Value		Shares		↓ Weighting
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-2,725	–	-0.10%	–
V	Exit	VISA INC	$0	–	-2,485	–	-0.10%	–
CI	Exit	CIGNA CORP	$0	–	-1,700	–	-0.10%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP	$0	–	-3,090	–	-0.10%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-3,356	–	-0.10%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-14,528	–	-0.11%	–
SYK	Exit	STRYKER CORP	$0	–	-1,947	–	-0.11%	–
PYPL	Exit	PAYPAL HOLDINGS, INC.	$0	–	-5,554	–	-0.11%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-7,360	–	-0.11%	–
CNI	Exit	CANADIAN NATL RAILWAY CO	$0	–	-3,650	–	-0.11%	–
TGT	Exit	TARGET CORP	$0	–	-3,480	–	-0.11%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-1,754	–	-0.12%	–
BA	Exit	BOEING COMPANY	$0	–	-2,282	–	-0.14%	–
CMI	Exit	CUMMINS INC.	$0	–	-2,490	–	-0.15%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-2,880	–	-0.16%	–
BIIB	Exit	BIOGEN INC.	$0	–	-1,271	–	-0.18%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-12,913	–	-0.19%	–
D	Exit	DOMINION RESOURCES, INC.	$0	–	-5,520	–	-0.19%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC - ADR B	$0	–	-8,049	–	-0.20%	–
LSBG	Exit	LAKE SUNAPEE BANK GROUP	$0	–	-25,488	–	-0.21%	–
NVDA	Exit	NVIDIA CORP	$0	–	-6,777	–	-0.22%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-6,945	–	-0.25%	–
CELG	Exit	CELGENE CORP	$0	–	-5,585	–	-0.27%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC - ADR A	$0	–	-12,884	–	-0.30%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP	$0	–	-9,267	–	-0.31%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-15,866	–	-0.32%	–
MET	Exit	METLIFE, INC.	$0	–	-15,843	–	-0.33%	–
BUD	Exit	ANHEUSER-BUSCH INBEV NV	$0	–	-5,475	–	-0.33%	–
YHOO	Exit	YAHOO! INC	$0	–	-17,092	–	-0.34%	–
KHC	Exit	KRAFT HEINZ COMPANY	$0	–	-8,533	–	-0.36%	–
TRV	Exit	TRAVELERS COMPANIES, INC.	$0	–	-7,387	–	-0.39%	–
ABBV	Exit	ABBVIE INC.	$0	–	-13,920	–	-0.41%	–
CMCSA	Exit	COMCAST CORP - CL A	$0	–	-13,320	–	-0.41%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-21,075	–	-0.43%	–
GOOG	Exit	ALPHABET INC - CL C (Non-Voting)	$0	–	-1,299	–	-0.47%	–
PII	Exit	POLARIS INDUSTRIES INC.	$0	–	-14,635	–	-0.53%	–
GOOGL	Exit	ALPHABET INC - CL A (Voting)	$0	–	-1,508	–	-0.56%	–
FTV	Exit	FORTIVE CORP	$0	–	-24,532	–	-0.58%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-22,156	–	-0.65%	–
GILD	Exit	GILEAD SCIENCES, INC.	$0	–	-17,810	–	-0.66%	–
HAL	Exit	HALLIBURTON CO	$0	–	-34,515	–	-0.72%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-21,487	–	-0.81%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-19,949	–	-0.83%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-23,028	–	-0.86%	–
FIS	Exit	FIDELITY NATIONAL INFORMATION SERVICES, INC.	$0	–	-24,700	–	-0.88%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO.	$0	–	-27,389	–	-0.90%	–
MCI	Exit	BARINGS CORPORATE INVESTORS	$0	–	-113,245	–	-0.91%	–
UN	Exit	UNILEVER N.V.	$0	–	-42,500	–	-0.91%	–
ECL	Exit	ECOLAB INC	$0	–	-19,632	–	-1.11%	–
RHHBY	Exit	ROCHE HOLDINGS LTD - ADR	$0	–	-79,866	–	-1.15%	–
JCI	Exit	JOHNSON CONTROLS INTL PLC	$0	–	-55,909	–	-1.21%	–
WPP	Exit	WPP PLC - ADR	$0	–	-22,565	–	-1.24%	–
MA	Exit	MASTERCARD, INC.	$0	–	-26,843	–	-1.27%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-50,693	–	-1.28%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-40,986	–	-1.34%	–
CVX	Exit	CHEVRON CORP	$0	–	-29,223	–	-1.40%	–
SYY	Exit	SYSCO CORP	$0	–	-61,454	–	-1.40%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-70,921	–	-1.41%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-58,323	–	-1.41%	–
INTC	Exit	INTEL CORP	$0	–	-82,039	–	-1.44%	–
MTB	Exit	M & T BANK CORPORATION	$0	–	-27,039	–	-1.46%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-35,871	–	-1.50%	–
TROW	Exit	T. ROWE PRICE GROUP INC.	$0	–	-48,678	–	-1.50%	–
DEO	Exit	DIAGEO PLC - ADR	$0	–	-29,181	–	-1.58%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-80,284	–	-1.58%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-53,655	–	-1.60%	–
MAS	Exit	MASCO CORP	$0	–	-102,405	–	-1.63%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-70,310	–	-1.68%	–
T	Exit	AT&T INC	$0	–	-88,957	–	-1.68%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-29,954	–	-1.71%	–
DHR	Exit	DANAHER CORP	$0	–	-49,439	–	-1.80%	–
UPS	Exit	UNITED PARCEL SERVICE - CL B	$0	–	-35,800	–	-1.82%	–
MRK	Exit	MERCK & CO. INC.	$0	–	-65,071	–	-1.89%	–
MMM	Exit	3M COMPANY	$0	–	-24,057	–	-1.97%	–
MCD	Exit	MCDONALD`S CORP	$0	–	-37,096	–	-1.99%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-74,507	–	-2.00%	–
PX	Exit	PRAXAIR INC	$0	–	-36,342	–	-2.04%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-154,459	–	-2.13%	–
NSRGY	Exit	NESTLE SA - ADR	$0	–	-59,819	–	-2.20%	–
BDX	Exit	BECTON DICKINSON & CO.	$0	–	-26,350	–	-2.20%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-76,282	–	-2.27%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-56,755	–	-2.68%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-48,433	–	-2.70%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-138,033	–	-2.72%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-50,722	–	-2.98%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-73,077	–	-3.05%	–
PEP	Exit	PEPSICO INC	$0	–	-66,072	–	-3.34%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-63,894	–	-3.51%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-79,637	–	-3.60%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-95,942	–	-3.90%	–

Q3 2016

			Value		Shares		↓ Weighting
XOM	Buy	EXXON MOBIL CORP	$8,374,000	-6.2%	95,942	+0.7%	3.90%	-7.9%
PM	Buy	PHILIP MORRIS INTERNATIONAL	$7,742,000	-3.1%	79,637	+1.4%	3.60%	-4.8%
JNJ	Buy	JOHNSON & JOHNSON	$7,548,000	-2.0%	63,894	+0.7%	3.51%	-3.7%
PEP	Buy	PEPSICO INC	$7,187,000	+4.4%	66,072	+1.7%	3.34%	+2.6%
PG	Buy	PROCTER & GAMBLE COMPANY	$6,559,000	+6.2%	73,077	+0.2%	3.05%	+4.4%
KMB	Buy	KIMBERLY-CLARK CORP	$6,398,000	-6.6%	50,722	+1.8%	2.98%	-8.2%
KO	Buy	COCA-COLA COMPANY	$5,842,000	-4.7%	138,033	+2.0%	2.72%	-6.4%
ITW	Sell	ILLINOIS TOOL WORKS	$5,804,000	+13.9%	48,433	-1.0%	2.70%	+11.9%
UTX	Buy	UNITED TECHNOLOGIES CORP	$5,766,000	+0.5%	56,755	+1.4%	2.68%	-1.3%
GIS	Buy	GENERAL MILLS INC	$4,873,000	-10.0%	76,282	+0.5%	2.27%	-11.6%
BDX	Buy	BECTON DICKINSON & CO.	$4,736,000	+7.7%	26,350	+1.6%	2.20%	+5.8%
NSRGY	Buy	NESTLE SA - ADR	$4,727,000	+2.7%	59,819	+0.5%	2.20%	+0.8%
GE	Buy	GENERAL ELECTRIC CO	$4,575,000	-5.6%	154,459	+0.3%	2.13%	-7.3%
PX	Sell	PRAXAIR INC	$4,391,000	+7.3%	36,342	-0.2%	2.04%	+5.4%
MSFT	Sell	MICROSOFT CORP	$4,292,000	+12.3%	74,507	-0.3%	2.00%	+10.3%
MCD	Buy	MCDONALD`S CORP	$4,279,000	-1.8%	37,096	+2.4%	1.99%	-3.6%
MMM	Sell	3M COMPANY	$4,240,000	-1.5%	24,057	-2.2%	1.97%	-3.3%
MRK	Buy	MERCK & CO. INC.	$4,061,000	+9.7%	65,071	+1.3%	1.89%	+7.8%
UPS	Buy	UNITED PARCEL SERVICE - CL B	$3,915,000	+2.9%	35,800	+1.4%	1.82%	+1.1%
DHR	Buy	DANAHER CORP	$3,876,000	-21.5%	49,439	+1.2%	1.80%	-22.8%
SWK	Sell	STANLEY BLACK & DECKER INC	$3,684,000	+10.2%	29,954	-0.4%	1.71%	+8.2%
T	Sell	AT&T INC	$3,613,000	-6.6%	88,957	-0.6%	1.68%	-8.3%
SO	Sell	SOUTHERN COMPANY	$3,607,000	-5.9%	70,310	-1.6%	1.68%	-7.5%
MAS	Sell	MASCO CORP	$3,514,000	+10.4%	102,405	-0.5%	1.63%	+8.4%
AXP	Buy	AMERICAN EXPRESS CO	$3,436,000	+6.2%	53,655	+0.8%	1.60%	+4.4%
ABT	Buy	ABBOTT LABORATORIES	$3,395,000	+15.4%	80,284	+7.2%	1.58%	+13.3%
DEO	Buy	DIAGEO PLC - ADR	$3,386,000	+3.6%	29,181	+0.8%	1.58%	+1.7%
TROW	Buy	T. ROWE PRICE GROUP INC.	$3,237,000	-8.3%	48,678	+0.6%	1.50%	-10.0%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$3,232,000	+11.7%	35,871	+0.9%	1.50%	+9.7%
MTB	Buy	M & T BANK CORPORATION	$3,139,000	-1.8%	27,039	+0.0%	1.46%	-3.5%
INTC	Sell	INTEL CORP	$3,097,000	+14.0%	82,039	-1.0%	1.44%	+11.9%
VZ	Buy	VERIZON COMMUNICATIONS INC	$3,032,000	-4.6%	58,323	+2.5%	1.41%	-6.2%
SE	Sell	SPECTRA ENERGY CORP	$3,032,000	+16.2%	70,921	-0.4%	1.41%	+14.2%
CVX	Sell	CHEVRON CORP	$3,008,000	-2.0%	29,223	-0.2%	1.40%	-3.7%
TXN	Sell	TEXAS INSTRUMENTS INC	$2,876,000	+10.7%	40,986	-1.2%	1.34%	+8.7%
EMR	Buy	EMERSON ELECTRIC CO	$2,763,000	+6.4%	50,693	+1.8%	1.28%	+4.5%
MA	Sell	MASTERCARD, INC.	$2,732,000	+15.3%	26,843	-0.2%	1.27%	+13.3%
WPP	Buy	WPP PLC - ADR	$2,656,000	+14.0%	22,565	+1.2%	1.24%	+12.0%
JCI	Sell	JOHNSON CONTROLS INTL PLC	$2,601,000	-11.1%	55,909	-15.4%	1.21%	-12.6%
RHHBY	Buy	ROCHE HOLDINGS LTD - ADR	$2,473,000	-2.7%	79,866	+3.5%	1.15%	-4.5%
ECL	Sell	ECOLAB INC	$2,390,000	+1.9%	19,632	-0.7%	1.11%	+0.2%
MCI	Buy	BARINGS CORPORATE INVESTORS	$1,947,000	-2.7%	113,245	+1.7%	0.91%	-4.4%
ESRX	Buy	EXPRESS SCRIPTS HOLDING CO.	$1,932,000	-6.3%	27,389	+0.6%	0.90%	-8.0%
DUK	Buy	DUKE ENERGY CORPORATION	$1,843,000	-5.3%	23,028	+1.5%	0.86%	-7.0%
CVS	Buy	CVS HEALTH CORP	$1,775,000	-4.0%	19,949	+3.3%	0.83%	-5.6%
ABC	Buy	AMERISOURCEBERGEN CORP	$1,736,000	+2.5%	21,487	+0.6%	0.81%	+0.6%
HAL	Sell	HALLIBURTON CO	$1,549,000	-2.6%	34,515	-1.8%	0.72%	-4.4%
GILD	Buy	GILEAD SCIENCES, INC.	$1,409,000	+5.5%	17,810	+11.2%	0.66%	+3.5%
MO	Buy	ALTRIA GROUP INC	$1,401,000	-6.4%	22,156	+2.0%	0.65%	-8.0%
FTV	New	FORTIVE CORP	$1,249,000	–	24,532	–	0.58%	–
PII	New	POLARIS INDUSTRIES INC.	$1,133,000	–	14,635	–	0.53%	–
MDLZ	Sell	MONDELEZ INTERNATIONAL INC	$925,000	-3.7%	21,075	-0.2%	0.43%	-5.5%
CMCSA	Buy	COMCAST CORP - CL A	$884,000	+2.7%	13,320	+0.9%	0.41%	+0.7%
ABBV	Sell	ABBVIE INC.	$878,000	+1.0%	13,920	-0.8%	0.41%	-0.7%
KHC	Sell	KRAFT HEINZ COMPANY	$764,000	+1.1%	8,533	-0.2%	0.36%	-0.8%
BUD	Buy	ANHEUSER-BUSCH INBEV NV	$719,000	+2.4%	5,475	+2.7%	0.33%	+0.6%
MET	Buy	METLIFE, INC.	$704,000	+47.0%	15,843	+31.9%	0.33%	+44.1%
COP	Sell	CONOCOPHILLIPS	$690,000	-41.9%	15,866	-41.8%	0.32%	-43.0%
OXY	Buy	OCCIDENTAL PETROLEUM CORP	$676,000	-1.9%	9,267	+1.6%	0.31%	-3.7%
RDSA	Sell	ROYAL DUTCH SHELL PLC - ADR A	$645,000	-9.5%	12,884	-0.2%	0.30%	-11.2%
CELG	Buy	CELGENE CORP	$584,000	+10.0%	5,585	+3.7%	0.27%	+8.4%
LSBG	Sell	LAKE SUNAPEE BANK GROUP	$461,000	-8.7%	25,488	-13.6%	0.21%	-10.5%
RDSB	Buy	ROYAL DUTCH SHELL PLC - ADR B	$425,000	+3.7%	8,049	+9.9%	0.20%	+2.1%
CSCO	Buy	CISCO SYSTEMS INC	$410,000	+15.5%	12,913	+4.4%	0.19%	+13.7%
BIIB	Sell	BIOGEN INC.	$398,000	+24.8%	1,271	-3.8%	0.18%	+22.5%
TGT	Buy	TARGET CORP	$239,000	-1.6%	3,480	+0.1%	0.11%	-3.5%
COF	New	CAPITAL ONE FINANCIAL CORP	$222,000	–	3,090	–	0.10%	–
CI	New	CIGNA CORP	$222,000	–	1,700	–	0.10%	–
V	New	VISA INC	$206,000	–	2,485	–	0.10%	–
ED	Sell	CONSOLIDATED EDISON INC	$205,000	-11.3%	2,725	-5.2%	0.10%	-12.8%
EMC	Exit	EMC CORP MASS	$0	–	-7,594	–	-0.10%	–
BVA	Exit	CORDIA BANCORP INC	$0	–	-50,283	–	-0.12%	–
QCOM	Exit	QUALCOMM INC	$0	–	-8,990	–	-0.23%	–

Q2 2016

			Value		Shares		↓ Weighting
XOM	New	EXXON MOBIL CORP	$8,928,000	–	95,242	–	4.23%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$7,990,000	–	78,547	–	3.78%	–
JNJ	New	JOHNSON & JOHNSON	$7,699,000	–	63,474	–	3.64%	–
PEP	New	PEPSICO INC	$6,882,000	–	64,957	–	3.26%	–
KMB	New	KIMBERLY-CLARK CORP	$6,850,000	–	49,824	–	3.24%	–
PG	New	PROCTER & GAMBLE CO	$6,174,000	–	72,915	–	2.92%	–
KO	New	COCA-COLA CO	$6,131,000	–	135,263	–	2.90%	–
UTX	New	UNITED TECHNOLOGIES CORP	$5,738,000	–	55,953	–	2.72%	–
GIS	New	GENERAL MILLS INC	$5,412,000	–	75,890	–	2.56%	–
ITW	New	ILLINOIS TOOL WORKS	$5,096,000	–	48,928	–	2.41%	–
DHR	New	DANAHER CORP	$4,935,000	–	48,857	–	2.34%	–
GE	New	GENERAL ELECTRIC CO	$4,848,000	–	154,006	–	2.30%	–
NSRGY	New	NESTLES SA - ADR	$4,603,000	–	59,536	–	2.18%	–
BDX	New	BECTON DICKINSON & CO.	$4,399,000	–	25,939	–	2.08%	–
MCD	New	MCDONALD`S CORP	$4,359,000	–	36,219	–	2.06%	–
MMM	New	3M COMPANY	$4,306,000	–	24,591	–	2.04%	–
PX	New	PRAXAIR INC	$4,092,000	–	36,409	–	1.94%	–
T	New	AT&T INC	$3,869,000	–	89,530	–	1.83%	–
SO	New	SOUTHERN COMPANY	$3,833,000	–	71,474	–	1.82%	–
MSFT	New	MICROSOFT CORP	$3,823,000	–	74,720	–	1.81%	–
UPS	New	UNITED PARCEL SERVICE - CL B	$3,804,000	–	35,315	–	1.80%	–
MRK	New	MERCK & CO INC	$3,702,000	–	64,251	–	1.75%	–
TROW	New	T ROWE PRICE GROUP INC	$3,531,000	–	48,388	–	1.67%	–
SWK	New	STANLEY BLACK & DECKER	$3,344,000	–	30,064	–	1.58%	–
DEO	New	DIAGEO PLC - ADR	$3,269,000	–	28,956	–	1.55%	–
AXP	New	AMERICAN EXPRESS CO	$3,234,000	–	53,232	–	1.53%	–
MTB	New	M&T BANK	$3,195,000	–	27,027	–	1.51%	–
MAS	New	MASCO CORP	$3,184,000	–	102,905	–	1.51%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,177,000	–	56,903	–	1.50%	–
SYY	New	SYSCO CORP	$3,118,000	–	61,454	–	1.48%	–
CVX	New	CHEVRON CORP	$3,069,000	–	29,278	–	1.45%	–
ABT	New	ABBOTT LABORATORIES	$2,943,000	–	74,869	–	1.39%	–
JCI	New	JOHNSON CONTROLS INC	$2,925,000	–	66,098	–	1.38%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$2,894,000	–	35,556	–	1.37%	–
INTC	New	INTEL CORP	$2,717,000	–	82,827	–	1.29%	–
SE	New	SPECTRA ENERGY CORP	$2,609,000	–	71,221	–	1.24%	–
TXN	New	TEXAS INSTRUMENTS INC	$2,599,000	–	41,491	–	1.23%	–
EMR	New	EMERSON ELECTRIC CO	$2,597,000	–	49,783	–	1.23%	–
RHHBY	New	ROCHE HOLDINGS LTD - ADR	$2,542,000	–	77,136	–	1.20%	–
MA	New	MASTERCARD INC	$2,369,000	–	26,903	–	1.12%	–
ECL	New	ECOLAB INC	$2,345,000	–	19,772	–	1.11%	–
WPP	New	WPP PLC - ADR	$2,330,000	–	22,290	–	1.10%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO.	$2,063,000	–	27,214	–	0.98%	–
MCI	New	BABSON CAPITAL CORP	$2,002,000	–	111,395	–	0.95%	–
UN	New	UNILEVER N.V.	$1,995,000	–	42,500	–	0.94%	–
DUK	New	DUKE ENERGY CORPORATION	$1,947,000	–	22,693	–	0.92%	–
CVS	New	CVS HEALTHCARE	$1,848,000	–	19,304	–	0.88%	–
FIS	New	FIDELITY NATL INCORMATION SVCS	$1,820,000	–	24,700	–	0.86%	–
ABC	New	AMERISOURCEBERGEN CORP	$1,694,000	–	21,357	–	0.80%	–
HAL	New	HALLIBURTON CO	$1,591,000	–	35,130	–	0.75%	–
MO	New	ALTRIA GROUP INC	$1,497,000	–	21,711	–	0.71%	–
GILD	New	GILEAD SCIENCES, INC	$1,336,000	–	16,020	–	0.63%	–
COP	New	CONOCOPHILLIPS	$1,188,000	–	27,244	–	0.56%	–
GOOGL	New	ALPHABET INC CL A (voting)	$1,061,000	–	1,508	–	0.50%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$961,000	–	21,120	–	0.46%	–
GOOG	New	ALPHABET INC CL C (non-voting)	$899,000	–	1,299	–	0.43%	–
TRV	New	TRAVELERS COS INC	$879,000	–	7,387	–	0.42%	–
ABBV	New	ABBVIE INC.	$869,000	–	14,030	–	0.41%	–
CMCSA	New	COMCAST CORP - CL A	$861,000	–	13,200	–	0.41%	–
KHC	New	KRAFT HEINZ COMPANY	$756,000	–	8,548	–	0.36%	–
RDSA	New	ROYAL DUTCH SHELL PLC - ADR A	$713,000	–	12,904	–	0.34%	–
BUD	New	ANHEUSER-BUSCH INBEV NV	$702,000	–	5,330	–	0.33%	–
OXY	New	OCCIDENTAL PETROLEUM CORP	$689,000	–	9,117	–	0.33%	–
YHOO	New	YAHOO! INC	$642,000	–	17,092	–	0.30%	–
CELG	New	CELGENE	$531,000	–	5,385	–	0.25%	–
AVY	New	AVERY DENNISON	$519,000	–	6,945	–	0.25%	–
LSBG	New	LAKE SUNAPEE BANK GROUP	$505,000	–	29,488	–	0.24%	–
QCOM	New	QUALCOMM INC	$482,000	–	8,990	–	0.23%	–
MET	New	METLIFE, INC	$479,000	–	12,015	–	0.23%	–
D	New	DOMINION RESOURCES INC	$430,000	–	5,520	–	0.20%	–
RDSB	New	ROYAL DUTCH SHELL PLC - ADR B	$410,000	–	7,324	–	0.19%	–
CSCO	New	CISCO SYSTEMS INC	$355,000	–	12,363	–	0.17%	–
HON	New	HONEYWELL INTL INC	$335,000	–	2,880	–	0.16%	–
BIIB	New	BIOGEN IDEC INC	$319,000	–	1,321	–	0.15%	–
NVDA	New	NVIDIA CORP	$319,000	–	6,777	–	0.15%	–
BA	New	BOEING COMPANY	$296,000	–	2,282	–	0.14%	–
CMI	New	CUMMINS INC	$280,000	–	2,490	–	0.13%	–
BVA	New	CORDIA BANCORP INC	$253,000	–	50,283	–	0.12%	–
APD	New	AIR PRODUCTS & CHEMICALS	$249,000	–	1,754	–	0.12%	–
TGT	New	TARGET CORP	$243,000	–	3,475	–	0.12%	–
SYK	New	STRYKER CORP	$233,000	–	1,947	–	0.11%	–
ED	New	CONSOLIDATED EDISON INC	$231,000	–	2,875	–	0.11%	–
WY	New	WEYERHAEUSER CO	$219,000	–	7,360	–	0.10%	–
CNI	New	CANADIAN NATL RAILWAY CO	$216,000	–	3,650	–	0.10%	–
JPM	New	JP MORGAN CHASE & CO	$209,000	–	3,356	–	0.10%	–
EMC	New	EMC CORP MASS	$206,000	–	7,594	–	0.10%	–
PYPL	New	PAYPAL HOLDINGS INC	$203,000	–	5,554	–	0.10%	–
BAC	New	BANK OF AMERICA CORP	$193,000	–	14,528	–	0.09%	–

Q4 2015

			Value		Shares		↓ Weighting
ERHE	Exit	ERHC ENERGY INC	$0	–	-75,000	–	0.00%	–
BVA	Exit	CORDIA BANCORP INC	$0	–	-24,014	–	-0.05%	–
CNI	Exit	CANADIAN NATL RAILWAY CO	$0	–	-3,650	–	-0.12%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-7,254	–	-0.12%	–
APD	Exit	AIR PRODUCTS & CHEMICALS	$0	–	-1,754	–	-0.12%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-14,528	–	-0.13%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,321	–	-0.13%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-3,565	–	-0.14%	–
BLD	Exit	TOPBUILD CORP	$0	–	-8,526	–	-0.15%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-3,983	–	-0.16%	–
BA	Exit	BOEING COMPANY	$0	–	-2,218	–	-0.16%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-4,845	–	-0.16%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-12,559	–	-0.18%	–
EMC	Exit	EMC CORP MASS	$0	–	-15,340	–	-0.21%	–
CMCSA	Exit	COMCAST CORP - CL A	$0	–	-7,030	–	-0.22%	–
LSBG	Exit	LAKE SUNAPEE BANK GROUP	$0	–	-30,205	–	-0.24%	–
AVY	Exit	AVERY DENNISON	$0	–	-7,775	–	-0.24%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-1,551	–	-0.25%	–
YHOO	Exit	YAHOO! INC	$0	–	-17,092	–	-0.28%	–
NUE	Exit	NUCOR CORP	$0	–	-13,213	–	-0.28%	–
BUD	Exit	ANHEUSER-BUSCH INBEV NV	$0	–	-5,450	–	-0.32%	–
CELG	Exit	CELGENE	$0	–	-5,372	–	-0.32%	–
KHC	Exit	KRAFT HEINZ COMPANY	$0	–	-8,988	–	-0.35%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP	$0	–	-9,992	–	-0.37%	–
ABBV	Exit	ABBVIE INC.	$0	–	-14,413	–	-0.44%	–
GOOG	Exit	GOOGLE INC CL C - (non-voting)	$0	–	-1,294	–	-0.44%	–
GOOGL	Exit	GOOGLE INC CL A - (voting)	$0	–	-1,403	–	-0.50%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-21,620	–	-0.50%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC - ADR A	$0	–	-21,596	–	-0.57%	–
IBM	Exit	INTL BUSINESS MACHINES CORP	$0	–	-7,420	–	-0.60%	–
TE	Exit	TECO ENERGY INC	$0	–	-43,180	–	-0.63%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-44,785	–	-0.82%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-30,801	–	-0.82%	–
CVS	Exit	CORDIA BANCORP INC	$0	–	-15,751	–	-0.85%	–
HAL	Exit	HALLIBURTON CO	$0	–	-44,524	–	-0.88%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-16,650	–	-0.88%	–
MCI	Exit	BABSON CAPITAL CORP	$0	–	-100,520	–	-0.91%	–
ECL	Exit	ECOLAB INC	$0	–	-16,463	–	-1.00%	–
QCOM	Exit	QUALCOMM INC	$0	–	-34,905	–	-1.04%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-75,698	–	-1.17%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-42,458	–	-1.17%	–
WPP	Exit	WPP PLC - ADR	$0	–	-20,397	–	-1.18%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-53,603	–	-1.20%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO.	$0	–	-27,015	–	-1.22%	–
CVX	Exit	CHEVRON CORP	$0	–	-29,215	–	-1.28%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-52,246	–	-1.28%	–
UN	Exit	UNILEVER N.V.	$0	–	-47,978	–	-1.31%	–
SYY	Exit	SYSCO CORP	$0	–	-60,390	–	-1.31%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-54,637	–	-1.32%	–
MA	Exit	MASTERCARD INC	$0	–	-26,858	–	-1.35%	–
RHHBY	Exit	ROCHE HOLDINGS LTD - ADR	$0	–	-75,114	–	-1.38%	–
INTC	Exit	INTEL CORP	$0	–	-84,127	–	-1.41%	–
MAS	Exit	MASCO CORP	$0	–	-102,280	–	-1.43%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-64,104	–	-1.48%	–
SWK	Exit	STANLEY BLACK & DECKER	$0	–	-28,997	–	-1.56%	–
T	Exit	AT&T INC	$0	–	-87,945	–	-1.59%	–
DEO	Exit	DIAGEO PLC - ADR	$0	–	-27,121	–	-1.63%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-33,973	–	-1.69%	–
TROW	Exit	T ROWE PRICE GROUP INC	$0	–	-43,953	–	-1.70%	–
MRK	Exit	MERCK & CO INC	$0	–	-62,266	–	-1.71%	–
MTB	Exit	M&T BANK	$0	–	-25,531	–	-1.73%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-72,585	–	-1.79%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-73,472	–	-1.83%	–
UPS	Exit	UNITED PARCEL SERVICE - CL B	$0	–	-35,200	–	-1.93%	–
BDX	Exit	BECTON DICKINSON & CO.	$0	–	-26,250	–	-1.94%	–
MMM	Exit	3M COMPANY	$0	–	-24,607	–	-1.94%	–
PX	Exit	PRAXAIR INC	$0	–	-35,556	–	-2.02%	–
MCD	Exit	MCDONALD`S CORP	$0	–	-37,896	–	-2.08%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-155,293	–	-2.18%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-53,112	–	-2.19%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-49,483	–	-2.27%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-75,421	–	-2.36%	–
DHR	Exit	DANAHER CORP	$0	–	-50,430	–	-2.39%	–
NSRGY	Exit	NESTLES SA - ADR	$0	–	-58,324	–	-2.44%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-55,084	–	-2.73%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-74,217	–	-2.97%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-49,920	–	-3.03%	–
KO	Exit	COCA-COLA CO	$0	–	-136,202	–	-3.04%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-63,846	–	-3.32%	–
PEP	Exit	PEPSICO INC	$0	–	-66,275	–	-3.48%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-79,455	–	-3.51%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-94,618	–	-3.91%	–

Q3 2015

			Value		Shares		↓ Weighting
XOM	Buy	EXXON MOBIL CORP	$7,035,000	-10.6%	94,618	+0.0%	3.91%	-6.0%
PM	Buy	PHILIP MORRIS INTERNATIONAL	$6,303,000	-0.2%	79,455	+0.8%	3.51%	+4.9%
PEP	Buy	PEPSICO INC	$6,250,000	+1.7%	66,275	+0.7%	3.48%	+7.0%
JNJ	Buy	JOHNSON & JOHNSON	$5,960,000	-2.5%	63,846	+1.8%	3.32%	+2.5%
KO	Buy	COCA-COLA CO	$5,464,000	+2.7%	136,202	+0.5%	3.04%	+8.0%
KMB	Buy	KIMBERLY-CLARK CORP	$5,443,000	+6.0%	49,920	+3.0%	3.03%	+11.4%
PG	Sell	PROCTER & GAMBLE CO	$5,339,000	-8.2%	74,217	-0.2%	2.97%	-3.5%
UTX	Buy	UNITED TECHNOLOGIES CORP	$4,902,000	-18.1%	55,084	+2.2%	2.73%	-13.8%
NSRGY	Buy	NESTLES SA - ADR	$4,388,000	+4.3%	58,324	+0.0%	2.44%	+9.7%
DHR	Sell	DANAHER CORP	$4,297,000	-1.0%	50,430	-0.6%	2.39%	+4.1%
GIS	Sell	GENERAL MILLS INC	$4,233,000	+0.6%	75,421	-0.1%	2.36%	+5.8%
ITW	Buy	ILLINOIS TOOL WORKS	$4,073,000	-9.8%	49,483	+0.5%	2.27%	-5.2%
AXP	Sell	AMERICAN EXPRESS CO	$3,937,000	-5.7%	53,112	-1.2%	2.19%	-0.9%
GE	Buy	GENERAL ELECTRIC CO	$3,916,000	-3.7%	155,293	+1.5%	2.18%	+1.3%
MCD	Sell	MCDONALD`S CORP	$3,734,000	+1.6%	37,896	-1.9%	2.08%	+6.9%
PX	Buy	PRAXAIR INC	$3,622,000	-12.7%	35,556	+2.4%	2.02%	-8.2%
MMM	Buy	3M COMPANY	$3,489,000	+314.4%	24,607	+351.1%	1.94%	+336.2%
BDX	Buy	BECTON DICKINSON & CO.	$3,482,000	-3.5%	26,250	+3.0%	1.94%	+1.4%
UPS	Buy	UNITED PARCEL SERVICE - CL B	$3,474,000	+2.6%	35,200	+0.8%	1.93%	+7.9%
SO	Buy	SOUTHERN COMPANY	$3,284,000	+9.0%	73,472	+2.2%	1.83%	+14.6%
MSFT	Buy	MICROSOFT CORP	$3,213,000	+4.6%	72,585	+4.3%	1.79%	+10.0%
MTB	Buy	M&T BANK	$3,114,000	+0.4%	25,531	+2.8%	1.73%	+5.6%
MRK	Buy	MERCK & CO INC	$3,075,000	-12.9%	62,266	+0.4%	1.71%	-8.5%
TROW	Buy	T ROWE PRICE GROUP INC	$3,055,000	-4.3%	43,953	+7.0%	1.70%	+0.7%
PNC	Sell	PNC FINANCIAL SERVICES GROUP	$3,030,000	-7.1%	33,973	-0.4%	1.69%	-2.3%
DEO	Buy	DIAGEO PLC - ADR	$2,923,000	-4.8%	27,121	+2.5%	1.63%	+0.1%
T	Buy	AT&T INC	$2,865,000	-5.5%	87,945	+3.1%	1.59%	-0.6%
SWK	Buy	STANLEY BLACK & DECKER	$2,812,000	-3.0%	28,997	+5.2%	1.56%	+2.0%
JCI	Buy	JOHNSON CONTROLS INC	$2,651,000	-14.9%	64,104	+2.0%	1.48%	-10.5%
MAS	Buy	MASCO CORP	$2,575,000	-5.4%	102,280	+0.2%	1.43%	-0.5%
INTC	Buy	INTEL CORP	$2,536,000	-0.2%	84,127	+0.7%	1.41%	+4.9%
RHHBY	Buy	ROCHE HOLDINGS LTD - ADR	$2,475,000	-5.3%	75,114	+0.8%	1.38%	-0.4%
MA	Sell	MASTERCARD INC	$2,420,000	-4.5%	26,858	-0.9%	1.35%	+0.4%
VZ	Buy	VERIZON COMMUNICATIONS INC	$2,377,000	-3.6%	54,637	+3.3%	1.32%	+1.5%
SYY	Buy	SYSCO CORP	$2,353,000	+8.4%	60,390	+0.5%	1.31%	+14.0%
UN	Buy	UNILEVER N.V.	$2,348,000	+41.4%	47,978	+20.8%	1.31%	+48.6%
EMR	Sell	EMERSON ELECTRIC CO	$2,308,000	-20.7%	52,246	-0.5%	1.28%	-16.6%
CVX	Buy	CHEVRON CORP	$2,304,000	-16.0%	29,215	+2.7%	1.28%	-11.7%
ESRX	Buy	EXPRESS SCRIPTS HOLDING CO.	$2,187,000	-8.2%	27,015	+0.9%	1.22%	-3.4%
ABT	Buy	ABBOTT LABORATORIES	$2,156,000	-17.9%	53,603	+0.2%	1.20%	-13.6%
WPP	Buy	WPP PLC - ADR	$2,122,000	-2.0%	20,397	+6.2%	1.18%	+3.1%
TXN	Buy	TEXAS INSTRUMENTS INC	$2,103,000	-0.9%	42,458	+3.0%	1.17%	+4.2%
KMI	Sell	KINDER MORGAN INC	$2,095,000	-28.2%	75,698	-0.5%	1.17%	-24.5%
QCOM	Sell	QUALCOMM INC	$1,875,000	-14.5%	34,905	-0.4%	1.04%	-10.2%
ECL	Sell	ECOLAB INC	$1,806,000	-4.1%	16,463	-1.2%	1.00%	+0.8%
MCI	Buy	BABSON CAPITAL CORP	$1,637,000	+5.9%	100,520	+4.5%	0.91%	+11.4%
ABC	Buy	AMERISOURCEBERGEN CORP	$1,582,000	-5.9%	16,650	+5.3%	0.88%	-1.0%
HAL	Sell	HALLIBURTON CO	$1,574,000	-18.9%	44,524	-1.2%	0.88%	-14.7%
CVS	Buy	CORDIA BANCORP INC	$1,520,000	-5.7%	15,751	+2.5%	0.85%	-0.8%
COP	Sell	CONOCOPHILLIPS	$1,477,000	-23.2%	30,801	-1.6%	0.82%	-19.2%
HON	Sell	HONEYWELL INTL INC	$1,465,000	-28.0%	44,785	-2.4%	0.82%	-24.3%
TE	Sell	TECO ENERGY INC	$1,134,000	+43.2%	43,180	-3.7%	0.63%	+50.6%
IBM	Buy	INTL BUSINESS MACHINES CORP	$1,076,000	-7.6%	7,420	+3.7%	0.60%	-2.8%
RDSA	Buy	ROYAL DUTCH SHELL PLC - ADR A	$1,023,000	-14.5%	21,596	+3.0%	0.57%	-10.1%
MDLZ	Sell	MONDELEZ INTERNATIONAL INC	$905,000	-0.4%	21,620	-2.1%	0.50%	+4.8%
ABBV	Sell	ABBVIE INC.	$784,000	-19.2%	14,413	-0.2%	0.44%	-15.0%
OXY	Buy	OCCIDENTAL PETROLEUM CORP	$661,000	-14.5%	9,992	+0.5%	0.37%	-10.0%
KHC	New	KRAFT HEINZ COMPANY	$634,000	–	8,988	–	0.35%	–
CELG	Sell	CELGENE	$581,000	-9.9%	5,372	-3.6%	0.32%	-5.3%
BUD	Buy	ANHEUSER-BUSCH INBEV NV	$579,000	0.0%	5,450	+13.7%	0.32%	+5.2%
NUE	Sell	NUCOR CORP	$496,000	-15.9%	13,213	-1.2%	0.28%	-11.5%
BIIB	New	BIOGEN IDEC INC	$453,000	–	1,551	–	0.25%	–
AVY	Sell	AVERY DENNISON	$440,000	-9.5%	7,775	-2.5%	0.24%	-4.7%
CMCSA	Buy	COMCAST CORP - CL A	$400,000	+6.4%	7,030	+12.4%	0.22%	+12.1%
EMC	Sell	EMC CORP MASS	$371,000	-16.1%	15,340	-8.4%	0.21%	-12.0%
BA	Sell	BOEING COMPANY	$290,000	-90.8%	2,218	-90.2%	0.16%	-90.3%
BLD	New	TOPBUILD CORP	$264,000	–	8,526	–	0.15%	–
D	New	DOMINION RESOURCES INC	$251,000	–	3,565	–	0.14%	–
MO	New	ALTRIA GROUP INC	$235,000	–	4,321	–	0.13%	–
PYPL	New	PAYPAL HOLDINGS INC	$225,000	–	7,254	–	0.12%	–
COF	Exit	CAPITAL ONE FINANCIAL CORP	$0	–	-2,330	–	-0.11%	–
EBAY	Exit	EBAY INC	$0	–	-7,554	–	-0.24%	–
CB	Exit	CHUBB CORP	$0	–	-7,130	–	-0.36%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-9,038	–	-0.41%	–

Q2 2015

			Value		Shares		↓ Weighting
XOM	New	EXXON MOBIL CORP	$7,870,000	–	94,587	–	4.16%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$6,318,000	–	78,805	–	3.34%	–
PEP	New	PEPSICO INC	$6,143,000	–	65,811	–	3.25%	–
JNJ	New	JOHNSON & JOHNSON	$6,113,000	–	62,721	–	3.23%	–
UTX	New	UNITED TECHNOLOGIES CORP	$5,982,000	–	53,923	–	3.16%	–
PG	New	PROCTER & GAMBLE CO	$5,819,000	–	74,370	–	3.08%	–
KO	New	COCA-COLA CO	$5,318,000	–	135,557	–	2.81%	–
KMB	New	KIMBERLY-CLARK CORP	$5,137,000	–	48,479	–	2.72%	–
ITW	New	ILLINOIS TOOL WORKS	$4,518,000	–	49,218	–	2.39%	–
DHR	New	DANAHER CORP	$4,340,000	–	50,710	–	2.30%	–
NSRGY	New	NESTLES SA - ADR	$4,208,000	–	58,312	–	2.23%	–
GIS	New	GENERAL MILLS INC	$4,206,000	–	75,486	–	2.22%	–
AXP	New	AMERICAN EXPRESS CO	$4,177,000	–	53,749	–	2.21%	–
PX	New	PRAXAIR INC	$4,150,000	–	34,713	–	2.20%	–
GE	New	GENERAL ELECTRIC CO	$4,065,000	–	152,997	–	2.15%	–
MCD	New	MCDONALD`S CORP	$3,674,000	–	38,641	–	1.94%	–
BDX	New	BECTON DICKINSON & CO.	$3,610,000	–	25,483	–	1.91%	–
MRK	New	MERCK & CO INC	$3,532,000	–	62,036	–	1.87%	–
UPS	New	UNITED PARCEL SERVICE - CL B	$3,385,000	–	34,930	–	1.79%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$3,262,000	–	34,104	–	1.73%	–
TROW	New	T ROWE PRICE GROUP INC	$3,193,000	–	41,083	–	1.69%	–
BA	New	BOEING COMPANY	$3,137,000	–	22,613	–	1.66%	–
JCI	New	JOHNSON CONTROLS INC	$3,114,000	–	62,871	–	1.65%	–
MTB	New	M&T BANK	$3,102,000	–	24,826	–	1.64%	–
MSFT	New	MICROSOFT CORP	$3,073,000	–	69,610	–	1.63%	–
DEO	New	DIAGEO PLC - ADR	$3,070,000	–	26,454	–	1.62%	–
T	New	AT&T INC	$3,031,000	–	85,340	–	1.60%	–
SO	New	SOUTHERN COMPANY	$3,012,000	–	71,887	–	1.59%	–
KMI	New	KINDER MORGAN INC	$2,919,000	–	76,043	–	1.54%	–
EMR	New	EMERSON ELECTRIC CO	$2,911,000	–	52,516	–	1.54%	–
SWK	New	STANLEY BLACK & DECKER	$2,900,000	–	27,557	–	1.53%	–
CVX	New	CHEVRON CORP	$2,744,000	–	28,445	–	1.45%	–
MAS	New	MASCO CORP	$2,722,000	–	102,080	–	1.44%	–
ABT	New	ABBOTT LABORATORIES	$2,625,000	–	53,483	–	1.39%	–
RHHBY	New	ROCHE HOLDINGS LTD - ADR	$2,613,000	–	74,519	–	1.38%	–
INTC	New	INTEL CORP	$2,542,000	–	83,567	–	1.34%	–
MA	New	MASTERCARD INC	$2,534,000	–	27,108	–	1.34%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,465,000	–	52,887	–	1.30%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO.	$2,382,000	–	26,785	–	1.26%	–
QCOM	New	QUALCOMM INC	$2,194,000	–	35,035	–	1.16%	–
SYY	New	SYSCO CORP	$2,170,000	–	60,100	–	1.15%	–
WPP	New	WPP PLC - ADR	$2,166,000	–	19,213	–	1.15%	–
TXN	New	TEXAS INSTRUMENTS INC	$2,122,000	–	41,203	–	1.12%	–
HON	New	HONEYWELL INTL INC	$2,036,000	–	45,882	–	1.08%	–
HAL	New	HALLIBURTON CO	$1,941,000	–	45,069	–	1.03%	–
COP	New	CONOCOPHILLIPS	$1,922,000	–	31,296	–	1.02%	–
ECL	New	ECOLAB INC	$1,884,000	–	16,658	–	1.00%	–
ABC	New	AMERISOURCEBERGEN CORP	$1,681,000	–	15,810	–	0.89%	–
UN	New	UNILEVER N.V.	$1,661,000	–	39,710	–	0.88%	–
CVS	New	CORDIA BANCORP INC	$1,612,000	–	15,366	–	0.85%	–
MCI	New	BABSON CAPITAL CORP	$1,546,000	–	96,220	–	0.82%	–
RDSA	New	ROYAL DUTCH SHELL PLC - ADR A	$1,196,000	–	20,971	–	0.63%	–
IBM	New	INTL BUSINESS MACHINES CORP	$1,164,000	–	7,155	–	0.62%	–
ABBV	New	ABBVIE INC.	$970,000	–	14,438	–	0.51%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$909,000	–	22,095	–	0.48%	–
MMM	New	3M COMPANY	$842,000	–	5,455	–	0.44%	–
TE	New	TECO ENERGY INC	$792,000	–	44,855	–	0.42%	–
OXY	New	OCCIDENTAL PETROLEUM CORP	$773,000	–	9,942	–	0.41%	–
KRFT	New	KRAFT FOODS GROUP INC	$769,000	–	9,038	–	0.41%	–
GOOGL	New	GOOGLE INC CL A - (voting)	$758,000	–	1,403	–	0.40%	–
CB	New	CHUBB CORP	$678,000	–	7,130	–	0.36%	–
GOOG	New	GOOGLE INC CL C - (non-voting)	$674,000	–	1,294	–	0.36%	–
YHOO	New	YAHOO! INC	$672,000	–	17,092	–	0.36%	–
CELG	New	CELGENE	$645,000	–	5,572	–	0.34%	–
NUE	New	NUCOR CORP	$590,000	–	13,377	–	0.31%	–
BUD	New	ANHEUSER-BUSCH INBEV NV	$579,000	–	4,795	–	0.31%	–
AVY	New	AVERY DENNISON	$486,000	–	7,975	–	0.26%	–
EBAY	New	EBAY INC	$455,000	–	7,554	–	0.24%	–
EMC	New	EMC CORP MASS	$442,000	–	16,740	–	0.23%	–
LSBG	New	KRAFT FOODS GROUP INC	$436,000	–	30,205	–	0.23%	–
CMCSA	New	COMCAST CORP - CL A	$376,000	–	6,255	–	0.20%	–
CSCO	New	CISCO SYSTEMS INC	$345,000	–	12,559	–	0.18%	–
JPM	New	JP MORGAN CHASE & CO	$328,000	–	4,845	–	0.17%	–
DUK	New	DUKE ENERGY CORPORATION	$281,000	–	3,983	–	0.15%	–
BAC	New	BANK OF AMERICA CORP	$247,000	–	14,528	–	0.13%	–
APD	New	AIR PRODUCTS & CHEMICALS	$240,000	–	1,754	–	0.13%	–
CNI	New	CANADIAN NATL RAILWAY CO	$211,000	–	3,650	–	0.11%	–
COF	New	CAPITAL ONE FINANCIAL CORP	$205,000	–	2,330	–	0.11%	–
BVA	New	CORDIA BANCORP INC	$92,000	–	24,014	–	0.05%	–
ERHE	New	ERHC ENERGY INC	$0	–	75,000	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
ERHE	Exit	ERHC ENERGY INC	$0	–	-75,000	–	-0.00%	–
BVA	Exit	CORDIA BANCORP INC	$0	–	-24,014	–	-0.05%	–
NKE	Exit	NIKE INC B	$0	–	-2,354	–	-0.11%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-1,754	–	-0.12%	–
	Exit	COMCAST CORP - CL A	$0	–	-4,255	–	-0.12%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-9,108	–	-0.12%	–
D	Exit	DOMINION RESOURCES INC	$0	–	-3,400	–	-0.13%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-3,116	–	-0.13%	–
CNI	Exit	CANADIAN NATL RAILWAY CO	$0	–	-3,650	–	-0.14%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,880	–	-0.14%	–
SE	Exit	SPECTRA ENERGY	$0	–	-6,828	–	-0.14%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-4,808	–	-0.16%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-4,014	–	-0.16%	–
AVY	Exit	AVERY DENNISON	$0	–	-7,300	–	-0.18%	–
BUD	Exit	ANHEUSER-BUSCH INBEV NV	$0	–	-3,050	–	-0.18%	–
EBAY	Exit	EBAY INC	$0	–	-7,440	–	-0.23%	–
NHTB	Exit	NEW HAMPSHIRE THRIFT BANCSHARES	$0	–	-33,587	–	-0.28%	–
CELG	Exit	CELGENE CORP	$0	–	-5,678	–	-0.29%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-9,612	–	-0.29%	–
EMC	Exit	EMC CORP MASS	$0	–	-18,565	–	-0.29%	–
CB	Exit	CHUBB CORP	$0	–	-6,710	–	-0.33%	–
TE	Exit	TECO ENERGY INC	$0	–	-37,155	–	-0.35%	–
MMM	Exit	3M COMPANY	$0	–	-5,543	–	-0.42%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-23,095	–	-0.43%	–
ABBV	Exit	ABBVIE INC.	$0	–	-16,206	–	-0.50%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP	$0	–	-10,317	–	-0.54%	–
BHP	Exit	BHP BILLITON LTD - ADR	$0	–	-17,768	–	-0.56%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC - ADR A	$0	–	-16,148	–	-0.66%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-16,140	–	-0.67%	–
MCI	Exit	BABSON CAPITAL CORP	$0	–	-92,270	–	-0.76%	–
SIEGY	Exit	SIEMENS AG - ADR	$0	–	-13,029	–	-0.84%	–
UN	Exit	UNILEVER N.V.	$0	–	-40,015	–	-0.86%	–
TWC	Exit	TIME WARNER CABLE INC	$0	–	-12,013	–	-0.93%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO.	$0	–	-25,670	–	-0.98%	–
MAS	Exit	MASCO CORP	$0	–	-78,900	–	-1.02%	–
WPP	Exit	WPP PLC - ADR	$0	–	-19,017	–	-1.03%	–
MA	Exit	MASTERCARD INC	$0	–	-26,668	–	-1.06%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-42,146	–	-1.08%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-54,208	–	-1.22%	–
SYY	Exit	SYSCO CORP	$0	–	-60,167	–	-1.23%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-47,639	–	-1.29%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-31,747	–	-1.31%	–
QCOM	Exit	QUALCOMM INC	$0	–	-33,875	–	-1.37%	–
KMI	Exit	KINDER MORGAN, INC	$0	–	-66,735	–	-1.38%	–
RHHBY	Exit	ROCHE HOLDINGS LTD - ADR	$0	–	-72,279	–	-1.44%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-62,867	–	-1.49%	–
IBM	Exit	INTL BUSINESS MACHINES CORP	$0	–	-14,747	–	-1.51%	–
NUE	Exit	NUCOR CORP	$0	–	-51,773	–	-1.52%	–
T	Exit	AT&T INC	$0	–	-81,351	–	-1.55%	–
HAL	Exit	HALLIBURTON CO	$0	–	-44,659	–	-1.56%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-34,352	–	-1.59%	–
INTC	Exit	INTEL CORP	$0	–	-84,666	–	-1.59%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-47,806	–	-1.62%	–
DEO	Exit	DIAGEO PLC - ADR	$0	–	-25,973	–	-1.62%	–
BA	Exit	BOEING COMPANY	$0	–	-23,557	–	-1.62%	–
BDX	Exit	BECTON DICKINSON & CO.	$0	–	-26,548	–	-1.63%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-69,233	–	-1.63%	–
TROW	Exit	T ROWE PRICE GROUP INC	$0	–	-39,260	–	-1.66%	–
MTB	Exit	M&T BANK	$0	–	-25,003	–	-1.66%	–
UPS	Exit	UNITED PARCEL SERVICE - CL B	$0	–	-31,687	–	-1.68%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-70,529	–	-1.77%	–
CVX	Exit	CHEVRON CORP	$0	–	-28,130	–	-1.81%	–
MRK	Exit	MERCK & CO INC	$0	–	-59,146	–	-1.89%	–
MCD	Exit	MCDONALD`S CORP	$0	–	-38,864	–	-1.99%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-75,613	–	-2.06%	–
DHR	Exit	DANAHER CORP	$0	–	-51,277	–	-2.10%	–
NSRGY	Exit	NESTLES SA - ADR	$0	–	-57,065	–	-2.27%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-48,777	–	-2.30%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-51,570	–	-2.35%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-171,348	–	-2.37%	–
PX	Exit	PRAXAIR INC	$0	–	-34,182	–	-2.38%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-47,622	–	-2.77%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-53,890	–	-3.07%	–
KO	Exit	COCA-COLA CO	$0	–	-134,171	–	-3.09%	–
PEP	Exit	PEPSICO INC	$0	–	-63,934	–	-3.21%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-73,898	–	-3.34%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-77,770	–	-3.50%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-61,034	–	-3.51%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-92,820	–	-4.71%	–

Q3 2014

			Value		Shares		↓ Weighting
XOM	Buy	EXXON MOBIL CORP	$8,730,000	+7.4%	92,820	+15.0%	4.71%	-2.5%
JNJ	Buy	JOHNSON & JOHNSON	$6,506,000	+18.4%	61,034	+16.2%	3.51%	+7.5%
PM	Buy	PHILIP MORRIS INTERNATIONAL	$6,486,000	+8.2%	77,770	+9.4%	3.50%	-1.7%
PG	Buy	PROCTER & GAMBLE CO	$6,188,000	+22.7%	73,898	+15.1%	3.34%	+11.4%
PEP	Buy	PEPSICO INC	$5,952,000	+12.9%	63,934	+8.3%	3.21%	+2.5%
KO	Buy	COCA-COLA CO	$5,724,000	+10.7%	134,171	+9.9%	3.09%	+0.6%
UTX	Buy	UNITED TECHNOLOGIES CORP	$5,691,000	+10.2%	53,890	+20.5%	3.07%	+0.1%
KMB	Buy	KIMBERLY-CLARK CORP	$5,123,000	+10.3%	47,622	+14.1%	2.77%	+0.2%
PX	Buy	PRAXAIR INC	$4,409,000	+5.9%	34,182	+9.1%	2.38%	-3.8%
GE	Buy	GENERAL ELECTRIC CO	$4,390,000	+11.9%	171,348	+14.8%	2.37%	+1.6%
ITW	Buy	ILLINOIS TOOL WORKS	$4,354,000	+2.0%	51,570	+5.8%	2.35%	-7.4%
AXP	Buy	AMERICAN EXPRESS CO	$4,270,000	+1.2%	48,777	+9.7%	2.30%	-8.1%
NSRGY	Buy	NESTLES SA - ADR	$4,202,000	+5.6%	57,065	+11.4%	2.27%	-4.0%
DHR	Buy	DANAHER CORP	$3,896,000	+4.3%	51,277	+8.1%	2.10%	-5.3%
GIS	Buy	GENERAL MILLS INC	$3,815,000	+5.5%	75,613	+9.8%	2.06%	-4.2%
MCD	Buy	MCDONALD`S CORP	$3,685,000	+0.7%	38,864	+6.9%	1.99%	-8.5%
MRK	Buy	MERCK & CO INC	$3,506,000	+11.1%	59,146	+8.4%	1.89%	+0.9%
CVX	Buy	CHEVRON CORP	$3,356,000	+7.6%	28,130	+17.7%	1.81%	-2.3%
MSFT	Buy	MICROSOFT CORP	$3,270,000	+20.1%	70,529	+8.0%	1.77%	+9.1%
UPS	Buy	UNITED PARCEL SERVICE - CL B	$3,115,000	+4.4%	31,687	+9.0%	1.68%	-5.1%
MTB	Buy	M&T BANK	$3,083,000	+3.5%	25,003	+4.1%	1.66%	-6.0%
TROW	Buy	T ROWE PRICE GROUP INC	$3,078,000	-0.7%	39,260	+6.9%	1.66%	-9.8%
SO	Buy	SOUTHERN COMPANY	$3,022,000	+12.5%	69,233	+17.0%	1.63%	+2.2%
BDX	Buy	BECTON DICKINSON & CO.	$3,021,000	+5.3%	26,548	+9.5%	1.63%	-4.3%
BA	Buy	BOEING COMPANY	$3,001,000	+9.3%	23,557	+9.1%	1.62%	-0.7%
DEO	Buy	DIAGEO PLC - ADR	$2,997,000	+0.4%	25,973	+10.8%	1.62%	-8.8%
EMR	Buy	EMERSON ELECTRIC CO	$2,992,000	+2.7%	47,806	+8.9%	1.62%	-6.7%
INTC	Buy	INTEL CORP	$2,948,000	+17.6%	84,666	+4.4%	1.59%	+6.8%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$2,940,000	+6.8%	34,352	+11.1%	1.59%	-3.0%
HAL	Buy	HALLIBURTON CO	$2,881,000	-0.9%	44,659	+9.1%	1.56%	-10.0%
T	Buy	AT&T INC	$2,867,000	+4.4%	81,351	+4.8%	1.55%	-5.1%
NUE	Buy	NUCOR CORP	$2,810,000	+18.6%	51,773	+7.6%	1.52%	+7.7%
IBM	Buy	INTL BUSINESS MACHINES CORP	$2,799,000	+19.6%	14,747	+14.2%	1.51%	+8.6%
JCI	Buy	JOHNSON CONTROLS INC	$2,766,000	-7.0%	62,867	+5.6%	1.49%	-15.5%
RHHBY	Buy	ROCHE HOLDINGS LTD - ADR	$2,674,000	+6.9%	72,279	+7.7%	1.44%	-2.9%
KMI	New	KINDER MORGAN, INC	$2,559,000	–	66,735	–	1.38%	–
QCOM	Buy	QUALCOMM INC	$2,533,000	+1.9%	33,875	+8.0%	1.37%	-7.4%
COP	Buy	CONOCOPHILLIPS	$2,429,000	+13.8%	31,747	+27.5%	1.31%	+3.4%
VZ	Buy	VERIZON COMMUNICATIONS INC	$2,381,000	+9.3%	47,639	+7.0%	1.29%	-0.7%
SYY	Buy	SYSCO CORP	$2,283,000	+19.0%	60,167	+17.4%	1.23%	+8.1%
ABT	Buy	ABBOTT LABORATORIES	$2,255,000	+13.5%	54,208	+11.6%	1.22%	+3.1%
TXN	Buy	TEXAS INSTRUMENTS INC	$2,010,000	+4.7%	42,146	+4.9%	1.08%	-4.9%
MA	Buy	MASTERCARD INC	$1,971,000	+18.0%	26,668	+17.4%	1.06%	+7.2%
WPP	Buy	WPP PLC - ADR	$1,910,000	-2.4%	19,017	+5.9%	1.03%	-11.3%
MAS	Buy	MASCO CORP	$1,887,000	+12.8%	78,900	+4.7%	1.02%	+2.5%
ESRX	Buy	EXPRESS SCRIPTS HOLDING CO.	$1,813,000	+9.0%	25,670	+6.9%	0.98%	-1.0%
TWC	Sell	TIME WARNER CABLE INC	$1,724,000	-2.6%	12,013	-0.0%	0.93%	-11.5%
UN	Buy	UNILEVER N.V.	$1,588,000	+25.0%	40,015	+37.9%	0.86%	+13.5%
SIEGY	Buy	SIEMENS AG - ADR	$1,551,000	-5.6%	13,029	+4.8%	0.84%	-14.3%
MCI	Buy	BABSON CAPITAL CORP	$1,416,000	+15.2%	92,270	+14.6%	0.76%	+4.8%
ABC	Buy	AMERISOURCEBERGEN CORP	$1,248,000	+6.6%	16,140	+0.1%	0.67%	-3.2%
RDSA	Buy	ROYAL DUTCH SHELL PLC - ADR A	$1,229,000	+7.9%	16,148	+16.8%	0.66%	-1.9%
BHP	Buy	BHP BILLITON LTD - ADR	$1,046,000	-5.7%	17,768	+9.7%	0.56%	-14.3%
OXY	Sell	OCCIDENTAL PETROLEUM CORP	$992,000	-6.5%	10,317	-0.2%	0.54%	-15.1%
ABBV	Buy	ABBVIE INC.	$936,000	+23.3%	16,206	+20.6%	0.50%	+12.0%
MDLZ	Buy	MONDELEZ INTERNATIONAL INC	$791,000	-6.3%	23,095	+2.9%	0.43%	-14.9%
MMM	Buy	3M COMPANY	$785,000	+143.8%	5,543	+146.9%	0.42%	+122.0%
TE	Buy	TECO ENERGY INC	$646,000	+3.0%	37,155	+9.5%	0.35%	-6.4%
CB	Sell	CHUBB CORP	$611,000	-4.5%	6,710	-3.3%	0.33%	-13.2%
KRFT	Buy	KRAFT FOODS GROUP INC	$542,000	-3.7%	9,612	+2.3%	0.29%	-12.5%
EMC	Buy	EMC CORP MASS	$543,000	+81.6%	18,565	+63.4%	0.29%	+64.6%
CELG	Buy	CELGENE CORP	$538,000	+35.5%	5,678	+22.9%	0.29%	+22.9%
NHTB	New	NEW HAMPSHIRE THRIFT BANCSHARES	$523,000	–	33,587	–	0.28%	–
BUD	Buy	ANHEUSER-BUSCH INBEV NV	$338,000	+3.7%	3,050	+7.4%	0.18%	-6.2%
AVY	Buy	AVERY DENNISON	$326,000	+0.9%	7,300	+15.9%	0.18%	-8.3%
DUK	New	DUKE ENERGY CORPORATION	$300,000	–	4,014	–	0.16%	–
JPM	New	JP MORGAN CHASE & CO	$290,000	–	4,808	–	0.16%	–
HON	Buy	HONEYWELL INTL INC	$268,000	+20.2%	2,880	+20.0%	0.14%	+9.0%
SE	Sell	SPECTRA ENERGY	$268,000	-89.3%	6,828	-88.4%	0.14%	-90.2%
CNI	New	CANADIAN NATL RAILWAY CO	$259,000	–	3,650	–	0.14%	–
WMT	New	WAL-MART STORES INC	$238,000	–	3,116	–	0.13%	–
D	New	DOMINION RESOURCES INC	$235,000	–	3,400	–	0.13%	–
	New	COMCAST CORP - CL A	$229,000	–	4,255	–	0.12%	–
CSCO	New	CISCO SYSTEMS INC	$229,000	–	9,108	–	0.12%	–
NKE	New	NIKE INC B	$210,000	–	2,354	–	0.11%	–
BVA	New	CORDIA BANCORP INC	$86,000	–	24,014	–	0.05%	–

Q2 2014

			Value		Shares		↓ Weighting
XOM	New	EXXON MOBIL CORP	$8,129,000	–	80,745	–	4.83%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$5,995,000	–	71,111	–	3.56%	–
JNJ	New	JOHNSON & JOHNSON	$5,497,000	–	52,545	–	3.27%	–
PEP	New	PEPSICO INC	$5,274,000	–	59,036	–	3.14%	–
KO	New	COCA-COLA CO	$5,170,000	–	122,047	–	3.07%	–
UTX	New	UNITED TECHNOLOGIES CORP	$5,163,000	–	44,722	–	3.07%	–
PG	New	PROCTER & GAMBLE CO	$5,045,000	–	64,198	–	3.00%	–
KMB	New	KIMBERLY-CLARK CORP	$4,643,000	–	41,749	–	2.76%	–
ITW	New	ILLINOIS TOOL WORKS	$4,270,000	–	48,761	–	2.54%	–
AXP	New	AMERICAN EXPRESS CO	$4,218,000	–	44,462	–	2.51%	–
PX	New	PRAXAIR INC	$4,163,000	–	31,340	–	2.47%	–
NSRGY	New	NESTLES SA - ADR	$3,978,000	–	51,215	–	2.36%	–
GE	New	GENERAL ELECTRIC CO	$3,924,000	–	149,304	–	2.33%	–
DHR	New	DANAHER CORP	$3,736,000	–	47,454	–	2.22%	–
MCD	New	MCDONALD`S CORP	$3,661,000	–	36,339	–	2.18%	–
GIS	New	GENERAL MILLS INC	$3,617,000	–	68,851	–	2.15%	–
MRK	New	MERCK & CO INC	$3,156,000	–	54,548	–	1.88%	–
CVX	New	CHEVRON CORP	$3,119,000	–	23,890	–	1.85%	–
TROW	New	T ROWE PRICE GROUP INC	$3,101,000	–	36,740	–	1.84%	–
DEO	New	DIAGEO PLC - ADR	$2,984,000	–	23,448	–	1.77%	–
UPS	New	UNITED PARCEL SERVICE - CL B	$2,983,000	–	29,060	–	1.77%	–
MTB	New	M&T BANK	$2,979,000	–	24,013	–	1.77%	–
JCI	New	JOHNSON CONTROLS INC	$2,973,000	–	59,542	–	1.77%	–
EMR	New	EMERSON ELECTRIC CO	$2,912,000	–	43,886	–	1.73%	–
HAL	New	HALLIBURTON CO	$2,908,000	–	40,949	–	1.73%	–
BDX	New	BECTON DICKINSON & CO.	$2,868,000	–	24,240	–	1.70%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$2,753,000	–	30,915	–	1.64%	–
BA	New	BOEING COMPANY	$2,746,000	–	21,585	–	1.63%	–
T	New	AT&T INC	$2,745,000	–	77,619	–	1.63%	–
MSFT	New	MICROSOFT CORP	$2,722,000	–	65,285	–	1.62%	–
SO	New	SOUTHERN COMPANY	$2,686,000	–	59,196	–	1.60%	–
INTC	New	INTEL CORP	$2,507,000	–	81,134	–	1.49%	–
SE	New	SPECTRA ENERGY	$2,501,000	–	58,878	–	1.49%	–
RHHBY	New	ROCHE HOLDINGS LTD - ADR	$2,502,000	–	67,084	–	1.49%	–
QCOM	New	QUALCOMM INC	$2,485,000	–	31,375	–	1.48%	–
NUE	New	NUCOR CORP	$2,369,000	–	48,096	–	1.41%	–
IBM	New	INTL BUSINESS MACHINES CORP	$2,341,000	–	12,915	–	1.39%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,179,000	–	44,537	–	1.30%	–
COP	New	CONOCOPHILLIPS	$2,134,000	–	24,891	–	1.27%	–
ABT	New	ABBOTT LABORATORIES	$1,986,000	–	48,558	–	1.18%	–
WPP	New	WPP PLC - ADR	$1,957,000	–	17,952	–	1.16%	–
SYY	New	SYSCO CORP	$1,919,000	–	51,255	–	1.14%	–
TXN	New	TEXAS INSTRUMENTS INC	$1,920,000	–	40,186	–	1.14%	–
TWC	New	TIME WARNER CABLE INC	$1,770,000	–	12,015	–	1.05%	–
MAS	New	MASCO CORP	$1,673,000	–	75,355	–	0.99%	–
MA	New	MASTERCARD INC.	$1,670,000	–	22,725	–	0.99%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO.	$1,664,000	–	24,005	–	0.99%	–
SIEGY	New	SIEMENS AG - ADR	$1,643,000	–	12,427	–	0.98%	–
UN	New	UNILEVER N.V.	$1,270,000	–	29,020	–	0.76%	–
MCI	New	BABSON CAPITAL CORP	$1,229,000	–	80,500	–	0.73%	–
ABC	New	AMERISOURCEBERGEN CORP	$1,171,000	–	16,120	–	0.70%	–
RDSA	New	ROYAL DUTCH SHELL PLC - ADR A	$1,139,000	–	13,830	–	0.68%	–
BHP	New	BHP BILLITON LTD - ADR	$1,109,000	–	16,197	–	0.66%	–
OXY	New	OCCIDENTAL PETROLEUM CORP	$1,061,000	–	10,342	–	0.63%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$844,000	–	22,445	–	0.50%	–
ABBV	New	ABBVIE INC.	$759,000	–	13,441	–	0.45%	–
CB	New	CHUBB CORP	$640,000	–	6,940	–	0.38%	–
TE	New	TECO ENERGY INC	$627,000	–	33,925	–	0.37%	–
KRFT	New	KRAFT FOODS GROUP INC	$563,000	–	9,396	–	0.34%	–
CELG	New	CELGENE CORP	$397,000	–	4,620	–	0.24%	–
EBAY	New	EBAY INC	$372,000	–	7,440	–	0.22%	–
BUD	New	ANHEUSER-BUSCH INBEV NV	$326,000	–	2,840	–	0.19%	–
AVY	New	AVERY DENISON	$323,000	–	6,300	–	0.19%	–
MMM	New	3M COMPANY	$322,000	–	2,245	–	0.19%	–
EMC	New	EMC CORP MASS	$299,000	–	11,360	–	0.18%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$226,000	–	1,754	–	0.13%	–
HON	New	HONEYWELL INTL INC	$223,000	–	2,400	–	0.13%	–
ERHE	New	ERHC ENERGY INC	$5,000	–	75,000	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-9,050	–	-0.55%	–
ABBV	Exit	ABBVIE INC.	$0	–	-5,040	–	-0.58%	–
QCOM	Exit	QUALCOMM INC	$0	–	-3,416	–	-0.59%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-13,344	–	-0.62%	–
TWC	Exit	TIME WARNER CABLE INC	$0	–	-2,175	–	-0.63%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP	$0	–	-2,710	–	-0.65%	–
WPP	Exit	WPP PLC - ADR	$0	–	-2,820	–	-0.75%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC - ADR A	$0	–	-4,425	–	-0.75%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-6,770	–	-0.82%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO.	$0	–	-5,555	–	-0.88%	–
BHP	Exit	BHP BILLITON LTD - ADR	$0	–	-5,360	–	-0.92%	–
SYY	Exit	SYSCO CORP	$0	–	-11,290	–	-0.93%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-11,130	–	-0.95%	–
MAS	Exit	MASCO CORP	$0	–	-18,770	–	-1.03%	–
SIEGY	Exit	SIEMENS AG - ADR	$0	–	-3,702	–	-1.15%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-11,736	–	-1.22%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-7,526	–	-1.41%	–
CVX	Exit	CHEVRON CORP	$0	–	-4,554	–	-1.43%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-8,776	–	-1.46%	–
T	Exit	AT&T INC	$0	–	-16,972	–	-1.48%	–
NUE	Exit	NUCOR CORP	$0	–	-11,737	–	-1.48%	–
INTC	Exit	INTEL CORP	$0	–	-26,448	–	-1.56%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-8,843	–	-1.59%	–
IBM	Exit	INTL BUSINESS MACHINES CORP	$0	–	-3,351	–	-1.60%	–
HAL	Exit	HALLIBURTON CO	$0	–	-12,962	–	-1.61%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-16,062	–	-1.72%	–
RHHBY	Exit	ROCHE HOLDINGS LTD - ADR	$0	–	-9,908	–	-1.72%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-16,400	–	-1.74%	–
SE	Exit	SPECTRA ENERGY	$0	–	-19,733	–	-1.74%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-20,495	–	-1.76%	–
MRK	Exit	MERCK & CO INC	$0	–	-15,532	–	-1.91%	–
TROW	Exit	T ROWE PRICE GROUP INC	$0	–	-10,270	–	-1.91%	–
MTB	Exit	M&T BANK	$0	–	-6,673	–	-1.93%	–
BA	Exit	BOEING COMPANY	$0	–	-6,422	–	-1.95%	–
BDX	Exit	BECTON DICKINSON & CO.	$0	–	-7,672	–	-1.98%	–
UPS	Exit	UNITED PARCEL SERVICE - CL B	$0	–	-8,425	–	-1.99%	–
DEO	Exit	DIAGEO PLC - ADR	$0	–	-6,628	–	-2.17%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-17,760	–	-2.20%	–
MCD	Exit	MCDONALD`S CORP	$0	–	-8,852	–	-2.20%	–
DHR	Exit	DANAHER CORP	$0	–	-13,390	–	-2.39%	–
NSRGY	Exit	NESTLES SA - ADR	$0	–	-13,410	–	-2.41%	–
PX	Exit	PRAXAIR INC	$0	–	-8,265	–	-2.56%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-42,717	–	-2.63%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-14,880	–	-2.93%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-12,192	–	-2.96%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-16,789	–	-3.27%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-14,649	–	-3.28%	–
PEP	Exit	PEPSICO INC	$0	–	-16,896	–	-3.46%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-12,767	–	-3.55%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-18,419	–	-3.59%	–
KO	Exit	COCA-COLA CO	$0	–	-37,200	–	-3.63%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-20,537	–	-4.58%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-23,498	–	-5.22%	–

Q3 2013

			Value		Shares		↓ Weighting
XOM	New	EXXON MOBIL CORP	$2,022,000	–	23,498	–	5.22%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$1,778,000	–	20,537	–	4.58%	–
KO	New	COCA-COLA CO	$1,409,000	–	37,200	–	3.63%	–
PG	New	PROCTER & GAMBLE CO	$1,392,000	–	18,419	–	3.59%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,377,000	–	12,767	–	3.55%	–
PEP	New	PEPSICO INC	$1,343,000	–	16,896	–	3.46%	–
JNJ	New	JOHNSON & JOHNSON	$1,270,000	–	14,649	–	3.28%	–
AXP	New	AMERICAN EXPRESS CO	$1,268,000	–	16,789	–	3.27%	–
KMB	New	KIMBERLY-CLARK CORP	$1,149,000	–	12,192	–	2.96%	–
ITW	New	ILLINOIS TOOL WORKS	$1,135,000	–	14,880	–	2.93%	–
GE	New	GENERAL ELECTRIC CO	$1,021,000	–	42,717	–	2.63%	–
PX	New	PRAXAIR INC	$994,000	–	8,265	–	2.56%	–
NSRGY	New	NESTLES SA - ADR	$933,000	–	13,410	–	2.41%	–
DHR	New	DANAHER CORP	$928,000	–	13,390	–	2.39%	–
MCD	New	MCDONALD`S CORP	$852,000	–	8,852	–	2.20%	–
GIS	New	GENERAL MILLS INC	$851,000	–	17,760	–	2.20%	–
DEO	New	DIAGEO PLC - ADR	$842,000	–	6,628	–	2.17%	–
UPS	New	UNITED PARCEL SERVICE - CL B	$770,000	–	8,425	–	1.99%	–
BDX	New	BECTON DICKINSON & CO.	$767,000	–	7,672	–	1.98%	–
BA	New	BOEING COMPANY	$755,000	–	6,422	–	1.95%	–
MTB	New	M&T BANK	$747,000	–	6,673	–	1.93%	–
TROW	New	T ROWE PRICE GROUP INC	$739,000	–	10,270	–	1.91%	–
MRK	New	MERCK & CO INC	$739,000	–	15,532	–	1.91%	–
MSFT	New	MICROSOFT CORP	$682,000	–	20,495	–	1.76%	–
SE	New	SPECTRA ENERGY	$675,000	–	19,733	–	1.74%	–
SO	New	SOUTHERN COMPANY	$675,000	–	16,400	–	1.74%	–
RHHBY	New	ROCHE HOLDINGS LTD - ADR	$669,000	–	9,908	–	1.72%	–
JCI	New	JOHNSON CONTROLS INC	$667,000	–	16,062	–	1.72%	–
HAL	New	HALLIBURTON CO	$624,000	–	12,962	–	1.61%	–
IBM	New	INTL BUSINESS MACHINES CORP	$621,000	–	3,351	–	1.60%	–
COP	New	CONOCOPHILLIPS	$615,000	–	8,843	–	1.59%	–
INTC	New	INTEL CORP	$606,000	–	26,448	–	1.56%	–
NUE	New	NUCOR CORP	$575,000	–	11,737	–	1.48%	–
T	New	AT&T INC	$574,000	–	16,972	–	1.48%	–
EMR	New	EMERSON ELECTRIC CO	$568,000	–	8,776	–	1.46%	–
CVX	New	CHEVRON CORP	$553,000	–	4,554	–	1.43%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$545,000	–	7,526	–	1.41%	–
TXN	New	TEXAS INSTRUMENTS INC	$473,000	–	11,736	–	1.22%	–
SIEGY	New	SIEMENS AG - ADR	$446,000	–	3,702	–	1.15%	–
MAS	New	MASCO CORP	$399,000	–	18,770	–	1.03%	–
ABT	New	ABBOTT LABORATORIES	$369,000	–	11,130	–	0.95%	–
SYY	New	SYSCO CORP	$359,000	–	11,290	–	0.93%	–
BHP	New	BHP BILLITON LTD - ADR	$356,000	–	5,360	–	0.92%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO.	$343,000	–	5,555	–	0.88%	–
VZ	New	VERIZON COMMUNICATIONS INC	$316,000	–	6,770	–	0.82%	–
RDSA	New	ROYAL DUTCH SHELL PLC - ADR A	$291,000	–	4,425	–	0.75%	–
WPP	New	WPP PLC - ADR	$290,000	–	2,820	–	0.75%	–
OXY	New	OCCIDENTAL PETROLEUM CORP	$253,000	–	2,710	–	0.65%	–
TWC	New	TIME WARNER CABLE INC	$243,000	–	2,175	–	0.63%	–
FITB	New	FIFTH THIRD BANCORP	$241,000	–	13,344	–	0.62%	–
QCOM	New	QUALCOMM INC	$230,000	–	3,416	–	0.59%	–
ABBV	New	ABBVIE INC.	$225,000	–	5,040	–	0.58%	–
CSCO	New	CISCO SYSTEMS INC	$212,000	–	9,050	–	0.55%	–

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