Westchester Capital Management, Inc. Activity Q4 2006-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
AAPL	Sell	Apple, Inc.	$30,572,260	-12.3%	178,566	-0.6%	8.76%	-9.8%
MSFT	Sell	Microsoft Corporation	$25,797,722	-7.7%	81,703	-0.4%	7.39%	-5.0%
BRKB	Sell	Berkshire Hathaway Class B	$21,028,859	+2.4%	60,031	-0.3%	6.02%	+5.3%
CAT	Sell	Caterpillar, Inc.	$18,535,062	+9.2%	67,894	-1.5%	5.31%	+12.4%
WMT	Sell	Wal-Mart, Inc.	$15,569,505	+0.1%	97,352	-1.6%	4.46%	+3.0%
ABBV	Buy	AbbVie, Inc.	$15,516,699	+10.9%	104,097	+0.3%	4.44%	+14.1%
MCHP	Sell	Microchip Technology, Inc.	$15,250,892	-14.1%	195,399	-1.4%	4.37%	-11.6%
GOOGL	Sell	Alphabet, Inc. Class A - Formerly Google A	$15,078,344	+8.2%	115,225	-1.0%	4.32%	+11.3%
WM	Sell	Waste Management, Inc.	$14,349,787	-12.3%	94,134	-0.3%	4.11%	-9.8%
XOM	Sell	Exxon Mobil Corporation	$13,961,567	+9.4%	118,741	-0.2%	4.00%	+12.5%
JPM	Buy	JP Morgan Chase	$13,717,007	-0.0%	94,587	+0.3%	3.93%	+2.9%
MCD	Buy	McDonald's Corporation	$13,599,036	-9.8%	51,621	+2.2%	3.90%	-7.2%
CSCO	Buy	Cisco Systems, Inc.	$13,507,523	+4.0%	251,256	+0.1%	3.87%	+7.0%
VLO	Sell	Valero Energy Corporation	$13,095,279	+19.4%	92,409	-1.2%	3.75%	+22.8%
LMT	Buy	Lockheed Martin Corporation	$13,011,471	-9.1%	31,816	+2.3%	3.73%	-6.5%
HD	Buy	Home Depot, Inc.	$11,517,735	-2.5%	38,118	+0.2%	3.30%	+0.3%
BDX	Sell	Becton Dickinson & Company	$11,483,386	-2.7%	44,418	-0.6%	3.29%	+0.1%
JNJ	Sell	Johnson & Johnson	$10,150,072	-6.4%	65,169	-0.6%	2.91%	-3.8%
PFE	Buy	Pfizer, Inc.	$9,472,854	-8.9%	285,585	+0.7%	2.71%	-6.3%
CVS	Sell	CVS Health Corporation	$8,926,836	-0.3%	127,855	-1.2%	2.56%	+2.6%
BK	Sell	The Bank of New York Mellon Corporation	$8,460,992	-4.7%	198,382	-0.5%	2.42%	-2.0%
INTC	Sell	Intel Corporation	$7,911,398	+5.0%	222,543	-1.2%	2.27%	+8.0%
MDT	Buy	Medtronic PLC	$7,004,444	-10.0%	89,388	+1.2%	2.01%	-7.4%
DIS	Sell	Walt Disney Company	$5,658,911	-11.7%	69,820	-2.7%	1.62%	-9.1%
AMZN	Sell	Amazon.Com, Inc.	$3,567,623	-3.1%	28,065	-0.6%	1.02%	-0.3%
	Sell	General Electric Company	$2,482,732	-0.8%	22,458	-1.4%	0.71%	+2.0%
T	Sell	AT&T	$2,265,962	-8.3%	150,863	-2.6%	0.65%	-5.7%
BA	Sell	Boeing Company	$2,166,559	-9.3%	11,303	-0.1%	0.62%	-6.6%
PEP	Buy	Pepsico, Inc.	$1,103,054	+17.5%	6,510	+28.4%	0.32%	+21.1%
LOW	Buy	Lowe's Companies, Inc.	$855,262	-7.2%	4,115	+0.7%	0.24%	-4.7%
	Sell	GE HealthCare	$503,904	-17.4%	7,406	-1.3%	0.14%	-15.3%
PG	Sell	Procter & Gamble	$149,507	-22.7%	1,025	-19.6%	0.04%	-20.4%

Q2 2023

			Value		Shares		↓ Weighting
AAPL	New	Apple, Inc.	$34,851,532	–	179,675	–	9.70%	–
MSFT	New	Microsoft Corporation	$27,944,712	–	82,060	–	7.78%	–
BRKB	New	Berkshire Hathaway Class B	$20,536,725	–	60,225	–	5.72%	–
MCHP	New	Microchip Technology, Inc.	$17,745,450	–	198,074	–	4.94%	–
CAT	New	Caterpillar, Inc.	$16,967,116	–	68,958	–	4.72%	–
WM	New	Waste Management, Inc.	$16,365,992	–	94,372	–	4.56%	–
WMT	New	Wal-Mart, Inc.	$15,549,975	–	98,931	–	4.33%	–
MCD	New	McDonald's Corporation	$15,078,359	–	50,529	–	4.20%	–
LMT	New	Lockheed Martin Corporation	$14,317,358	–	31,099	–	3.99%	–
ABBV	New	AbbVie, Inc.	$13,987,803	–	103,821	–	3.90%	–
GOOGL	New	Alphabet, Inc. Class A - Formerly Google A	$13,933,080	–	116,400	–	3.88%	–
JPM	New	JP Morgan Chase	$13,721,100	–	94,342	–	3.82%	–
CSCO	New	Cisco Systems, Inc.	$12,991,707	–	251,096	–	3.62%	–
XOM	New	Exxon Mobil Corporation	$12,764,573	–	119,017	–	3.55%	–
HD	New	Home Depot, Inc.	$11,817,988	–	38,044	–	3.29%	–
BDX	New	Becton Dickinson & Company	$11,797,023	–	44,684	–	3.28%	–
VLO	New	Valero Energy Corporation	$10,971,304	–	93,532	–	3.06%	–
JNJ	New	Johnson & Johnson	$10,849,339	–	65,547	–	3.02%	–
PFE	New	Pfizer, Inc.	$10,397,643	–	283,469	–	2.90%	–
CVS	New	CVS Health Corporation	$8,949,362	–	129,457	–	2.49%	–
BK	New	The Bank of New York Mellon Corporation	$8,877,243	–	199,399	–	2.47%	–
MDT	New	Medtronic PLC	$7,779,142	–	88,299	–	2.17%	–
INTC	New	Intel Corporation	$7,534,061	–	225,301	–	2.10%	–
DIS	New	Walt Disney Company	$6,408,429	–	71,779	–	1.78%	–
AMZN	New	Amazon.Com, Inc.	$3,682,149	–	28,246	–	1.02%	–
	New	General Electric Company	$2,501,724	–	22,774	–	0.70%	–
T	New	AT&T	$2,469,905	–	154,853	–	0.69%	–
BA	New	Boeing Company	$2,388,642	–	11,312	–	0.66%	–
CAG	New	Conagra Brands Inc.	$2,180,830	–	64,675	–	0.61%	–
PEP	New	Pepsico, Inc.	$939,065	–	5,070	–	0.26%	–
LOW	New	Lowe's Companies, Inc.	$921,985	–	4,085	–	0.26%	–
	New	GE HealthCare	$609,869	–	7,507	–	0.17%	–
VZ	New	Verizon Communications	$261,223	–	7,024	–	0.07%	–
PG	New	Procter & Gamble	$193,469	–	1,275	–	0.05%	–
CVX	New	Chevron Corporation	$146,650	–	932	–	0.04%	–
VOO	New	Vanguard S&P 500 ETF	$138,475	–	340	–	0.04%	–
VGSH	New	Vanguard Short Term Treasury Index ETF	$132,490	–	2,295	–	0.04%	–
VCSH	New	Vanguard Short Term Corp Bond Index ETF	$129,757	–	1,715	–	0.04%	–
AXP	New	American Express Company	$97,552	–	560	–	0.03%	–
KO	New	Coca Cola Company	$97,255	–	1,615	–	0.03%	–
NVDA	New	Nvidia Corporation	$65,991	–	156	–	0.02%	–
GOOG	New	Alphabet, Inc. Class C - Formerly Google C	$41,130	–	340	–	0.01%	–
C	New	Citigroup Inc.	$12,578	–	273	–	0.00%	–
SHW	New	The Sherwin-Williams Company	$11,948	–	45	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
VTRS	Exit	Viatris, Inc.	$0	–	-156	–	0.00%	–
	Exit	Zimvie, Inc.	$0	–	-10	–	0.00%	–
	Exit	Embecta Corporation	$0	–	-58	–	-0.00%	–
C	Exit	Citigroup Inc.	$0	–	-73	–	-0.00%	–
BMY	Exit	Bristol-Myers Squibb	$0	–	-75	–	-0.00%	–
CMI	Exit	Cummins Inc	$0	–	-40	–	-0.00%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-100	–	-0.00%	–
SHW	Exit	The Sherwin-Williams Company	$0	–	-45	–	-0.00%	–
NVDA	Exit	Nvidia Corporation	$0	–	-176	–	-0.01%	–
GOOG	Exit	Alphabet, Inc. Class C - Formerly Google C	$0	–	-260	–	-0.01%	–
KO	Exit	Coca Cola Company	$0	–	-1,405	–	-0.02%	–
AXP	Exit	American Express Company	$0	–	-560	–	-0.02%	–
VOO	Exit	Vanguard S&P 500 ETF	$0	–	-340	–	-0.04%	–
VCSH	Exit	Vanguard Short Term Corp Bond Index ETF	$0	–	-1,715	–	-0.04%	–
VGSH	Exit	Vanguard Short Term Treasury Index ETF	$0	–	-2,295	–	-0.04%	–
CVX	Exit	Chevron Corporation	$0	–	-1,062	–	-0.05%	–
PG	Exit	Procter & Gamble	$0	–	-1,645	–	-0.07%	–
VZ	Exit	Verizon Communications	$0	–	-7,154	–	-0.09%	–
	Exit	Warner Bros Discovery Inc.	$0	–	-37,125	–	-0.14%	–
LOW	Exit	Lowe's Companies, Inc.	$0	–	-4,155	–	-0.25%	–
PEP	Exit	Pepsico, Inc.	$0	–	-5,075	–	-0.27%	–
BA	Exit	Boeing Company	$0	–	-11,431	–	-0.45%	–
	Exit	General Electric Company	$0	–	-23,890	–	-0.48%	–
CAG	Exit	Conagra Brands Inc.	$0	–	-64,627	–	-0.68%	–
T	Exit	AT&T	$0	–	-155,326	–	-0.77%	–
AMZN	Exit	Amazon.Com, Inc.	$0	–	-26,055	–	-0.95%	–
INTC	Exit	Intel Corporation	$0	–	-229,047	–	-1.90%	–
MDT	Exit	Medtronic PLC	$0	–	-87,157	–	-2.27%	–
DIS	Exit	Walt Disney Company	$0	–	-76,265	–	-2.32%	–
BK	Exit	The Bank of New York Mellon Corporation	$0	–	-200,317	–	-2.49%	–
BDX	Exit	Becton Dickinson & Company	$0	–	-45,099	–	-3.24%	–
JPM	Exit	JP Morgan Chase	$0	–	-97,226	–	-3.28%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-254,977	–	-3.29%	–
VLO	Exit	Valero Energy Corporation	$0	–	-99,531	–	-3.43%	–
HD	Exit	Home Depot, Inc.	$0	–	-38,716	–	-3.45%	–
XOM	Exit	Exxon Mobil Corporation	$0	–	-123,229	–	-3.47%	–
JNJ	Exit	Johnson & Johnson	$0	–	-67,361	–	-3.55%	–
GOOGL	Exit	Alphabet, Inc. Class A - Formerly Google A	$0	–	-117,175	–	-3.62%	–
CVS	Exit	CVS Health Corporation	$0	–	-129,298	–	-3.98%	–
PFE	Exit	Pfizer, Inc.	$0	–	-284,155	–	-4.01%	–
MCD	Exit	McDonald's Corporation	$0	–	-55,172	–	-4.11%	–
CAT	Exit	Caterpillar, Inc.	$0	–	-78,160	–	-4.14%	–
LMT	Exit	Lockheed Martin Corporation	$0	–	-33,647	–	-4.19%	–
MCHP	Exit	Microchip Technology, Inc.	$0	–	-217,384	–	-4.28%	–
WMT	Exit	Wal-Mart, Inc.	$0	–	-102,528	–	-4.29%	–
ABBV	Exit	AbbVie, Inc.	$0	–	-110,561	–	-4.79%	–
WM	Exit	Waste Management, Inc.	$0	–	-100,311	–	-5.18%	–
BRKB	Exit	Berkshire Hathaway Class B	$0	–	-62,322	–	-5.37%	–
MSFT	Exit	Microsoft Corporation	$0	–	-84,536	–	-6.35%	–
AAPL	Exit	Apple, Inc.	$0	–	-193,806	–	-8.64%	–

Q3 2022

			Value		Shares		↓ Weighting
AAPL	Sell	Apple, Inc.	$26,784,000	+0.9%	193,806	-0.2%	8.64%	+6.6%
MSFT	Sell	Microsoft Corporation	$19,688,000	-9.3%	84,536	-0.0%	6.35%	-4.2%
BRKB	Buy	Berkshire Hathaway Class B	$16,641,000	-2.0%	62,322	+0.2%	5.37%	+3.5%
WM	Sell	Waste Management, Inc.	$16,071,000	+3.6%	100,311	-1.0%	5.18%	+9.5%
ABBV	Sell	AbbVie, Inc.	$14,838,000	-12.5%	110,561	-0.2%	4.79%	-7.6%
WMT	Buy	Wal-Mart, Inc.	$13,298,000	+7.1%	102,528	+0.4%	4.29%	+13.2%
MCHP	Buy	Microchip Technology, Inc.	$13,267,000	+5.3%	217,384	+0.2%	4.28%	+11.2%
LMT	Buy	Lockheed Martin Corporation	$12,997,000	-6.2%	33,647	+4.5%	4.19%	-0.8%
CAT	Buy	Caterpillar, Inc.	$12,824,000	-7.9%	78,160	+0.3%	4.14%	-2.7%
MCD	Sell	McDonald's Corporation	$12,730,000	-6.8%	55,172	-0.3%	4.11%	-1.5%
PFE	Sell	Pfizer, Inc.	$12,435,000	-16.7%	284,155	-0.2%	4.01%	-12.0%
CVS	Sell	CVS Health Corporation	$12,331,000	+2.6%	129,298	-0.3%	3.98%	+8.4%
GOOGL	Buy	Alphabet, Inc. Class A - Formerly Google A	$11,208,000	-12.0%	117,175	+1904.4%	3.62%	-7.0%
JNJ	Sell	Johnson & Johnson	$11,004,000	-8.1%	67,361	-0.1%	3.55%	-2.9%
XOM	Buy	Exxon Mobil Corporation	$10,759,000	+2.6%	123,229	+0.6%	3.47%	+8.4%
HD	Sell	Home Depot, Inc.	$10,683,000	+0.5%	38,716	-0.1%	3.45%	+6.2%
VLO	Sell	Valero Energy Corporation	$10,635,000	+0.2%	99,531	-0.3%	3.43%	+5.9%
CSCO	Sell	Cisco Systems, Inc.	$10,199,000	-6.3%	254,977	-0.1%	3.29%	-1.0%
JPM	Buy	JP Morgan Chase	$10,160,000	-6.7%	97,226	+0.6%	3.28%	-1.4%
BDX	Sell	Becton Dickinson & Company	$10,049,000	-9.8%	45,099	-0.2%	3.24%	-4.7%
BK	Buy	The Bank of New York Mellon Corporation	$7,716,000	-6.7%	200,317	+1.0%	2.49%	-1.4%
DIS	Sell	Walt Disney Company	$7,194,000	-0.4%	76,265	-0.3%	2.32%	+5.2%
MDT	Sell	Medtronic PLC	$7,038,000	-10.2%	87,157	-0.1%	2.27%	-5.1%
INTC	Sell	Intel Corporation	$5,903,000	-31.2%	229,047	-0.1%	1.90%	-27.2%
AMZN	Buy	Amazon.Com, Inc.	$2,944,000	+9.3%	26,055	+2.8%	0.95%	+15.6%
CAG	Sell	Conagra Brands Inc.	$2,109,000	-4.8%	64,627	-0.1%	0.68%	+0.6%
	Sell	General Electric Company	$1,479,000	-3.0%	23,890	-0.2%	0.48%	+2.6%
BA	Buy	Boeing Company	$1,384,000	-11.2%	11,431	+0.3%	0.45%	-6.3%
PEP	Sell	Pepsico, Inc.	$829,000	-2.6%	5,075	-0.6%	0.27%	+2.7%
LOW	Sell	Lowe's Companies, Inc.	$780,000	+7.1%	4,155	-0.4%	0.25%	+13.5%
	Sell	Warner Bros Discovery Inc.	$427,000	-14.8%	37,125	-0.6%	0.14%	-9.8%
PG	Sell	Procter & Gamble	$208,000	-19.4%	1,645	-8.4%	0.07%	-15.2%
VOO	Sell	Vanguard S&P 500 ETF	$112,000	-35.3%	340	-32.0%	0.04%	-32.1%
GOOG	Buy	Alphabet, Inc. Class C - Formerly Google C	$25,000	-10.7%	260	+1900.0%	0.01%	-11.1%
	Sell	Embecta Corporation	$2,000	-99.1%	58	-99.3%	0.00%	-98.5%
VTRS	Sell	Viatris, Inc.	$1,000	-99.5%	156	-99.2%	0.00%	-100.0%
F	Exit	Ford Mtr Co.	$0	–	-149	–	-0.00%	–
PDCE	Exit	PDC Energy, Inc.	$0	–	-45	–	-0.00%	–
GLW	Exit	Corning, Inc.	$0	–	-132	–	-0.00%	–

Q2 2022

			Value		Shares		↓ Weighting
AAPL	New	Apple, Inc.	$26,542,000	–	194,133	–	8.10%	–
MSFT	New	Microsoft Corporation	$21,714,000	–	84,546	–	6.63%	–
BRKB	New	Berkshire Hathaway Class B	$16,984,000	–	62,209	–	5.18%	–
ABBV	New	AbbVie, Inc.	$16,963,000	–	110,755	–	5.18%	–
WM	New	Waste Management, Inc.	$15,506,000	–	101,359	–	4.73%	–
PFE	New	Pfizer, Inc.	$14,931,000	–	284,782	–	4.56%	–
CAT	New	Caterpillar, Inc.	$13,926,000	–	77,901	–	4.25%	–
LMT	New	Lockheed Martin Corporation	$13,849,000	–	32,209	–	4.23%	–
MCD	New	McDonald's Corporation	$13,659,000	–	55,328	–	4.17%	–
GOOGL	New	Alphabet, Inc. Class A - Formerly Google A	$12,740,000	–	5,846	–	3.89%	–
MCHP	New	Microchip Technology, Inc.	$12,605,000	–	217,021	–	3.85%	–
WMT	New	Wal-Mart, Inc.	$12,414,000	–	102,108	–	3.79%	–
CVS	New	CVS Health Corporation	$12,021,000	–	129,730	–	3.67%	–
JNJ	New	Johnson & Johnson	$11,975,000	–	67,462	–	3.66%	–
BDX	New	Becton Dickinson & Company	$11,141,000	–	45,190	–	3.40%	–
CSCO	New	Cisco Systems, Inc.	$10,882,000	–	255,197	–	3.32%	–
JPM	New	JP Morgan Chase	$10,884,000	–	96,650	–	3.32%	–
HD	New	Home Depot, Inc.	$10,627,000	–	38,746	–	3.24%	–
VLO	New	Valero Energy Corporation	$10,613,000	–	99,862	–	3.24%	–
XOM	New	Exxon Mobil Corporation	$10,488,000	–	122,462	–	3.20%	–
INTC	New	Intel Corporation	$8,575,000	–	229,216	–	2.62%	–
BK	New	The Bank of New York Mellon Corporation	$8,273,000	–	198,347	–	2.52%	–
MDT	New	Medtronic PLC	$7,834,000	–	87,287	–	2.39%	–
DIS	New	Walt Disney Company	$7,224,000	–	76,522	–	2.20%	–
T	New	AT&T	$3,256,000	–	155,326	–	0.99%	–
AMZN	New	Amazon.Com, Inc.	$2,693,000	–	25,355	–	0.82%	–
CAG	New	Conagra Brands Inc.	$2,215,000	–	64,687	–	0.68%	–
BA	New	Boeing Company	$1,558,000	–	11,398	–	0.48%	–
	New	General Electric Company	$1,524,000	–	23,937	–	0.46%	–
PEP	New	Pepsico, Inc.	$851,000	–	5,105	–	0.26%	–
LOW	New	Lowe's Companies, Inc.	$728,000	–	4,170	–	0.22%	–
	New	Warner Bros Discovery Inc.	$501,000	–	37,345	–	0.15%	–
VZ	New	Verizon Communications	$363,000	–	7,154	–	0.11%	–
PG	New	Procter & Gamble	$258,000	–	1,795	–	0.08%	–
	New	Embecta Corporation	$221,000	–	8,732	–	0.07%	–
VTRS	New	Viatris, Inc.	$207,000	–	19,731	–	0.06%	–
VOO	New	Vanguard S&P 500 ETF	$173,000	–	500	–	0.05%	–
CVX	New	Chevron Corporation	$154,000	–	1,062	–	0.05%	–
VGSH	New	Vanguard Short Term Treasury Index ETF	$135,000	–	2,295	–	0.04%	–
VCSH	New	Vanguard Short Term Corp Bond Index ETF	$131,000	–	1,715	–	0.04%	–
KO	New	Coca Cola Company	$88,000	–	1,405	–	0.03%	–
AXP	New	American Express Company	$78,000	–	560	–	0.02%	–
GOOG	New	Alphabet, Inc. Class C - Formerly Google C	$28,000	–	13	–	0.01%	–
NVDA	New	Nvidia Corporation	$27,000	–	176	–	0.01%	–
SHW	New	The Sherwin-Williams Company	$10,000	–	45	–	0.00%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$11,000	–	100	–	0.00%	–
BMY	New	Bristol-Myers Squibb	$6,000	–	75	–	0.00%	–
CMI	New	Cummins Inc	$8,000	–	40	–	0.00%	–
C	New	Citigroup Inc.	$3,000	–	73	–	0.00%	–
F	New	Ford Mtr Co.	$2,000	–	149	–	0.00%	–
PDCE	New	PDC Energy, Inc.	$3,000	–	45	–	0.00%	–
GLW	New	Corning, Inc.	$4,000	–	132	–	0.00%	–
	New	Zimvie, Inc.	$0	–	10	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
BMY	Exit	Bristol-Myers Squibb	$0	–	-75	–	-0.00%	–
GLW	Exit	Corning, Inc.	$0	–	-132	–	-0.00%	–
PDCE	Exit	PDC Energy, Inc.	$0	–	-45	–	-0.00%	–
F	Exit	Ford Mtr Co.	$0	–	-149	–	-0.00%	–
C	Exit	Citigroup Inc.	$0	–	-73	–	-0.00%	–
CMI	Exit	Cummins Inc	$0	–	-40	–	-0.00%	–
SHW	Exit	The Sherwin-Williams Company	$0	–	-45	–	-0.00%	–
VZ	Exit	Verizon Communications	$0	–	-309	–	-0.01%	–
NVDA	Exit	Nvidia Corporation	$0	–	-176	–	-0.01%	–
KO	Exit	Coca Cola Company	$0	–	-1,405	–	-0.02%	–
AXP	Exit	American Express Company	$0	–	-560	–	-0.03%	–
CVX	Exit	Chevron Corporation	$0	–	-1,062	–	-0.03%	–
VCSH	Exit	Vanguard Short Term Corp Bond Index ETF	$0	–	-1,715	–	-0.04%	–
VGSH	Exit	Vanguard Short Term Treasury Index ETF	$0	–	-2,295	–	-0.04%	–
VOO	Exit	Vanguard S&P 500 ETF	$0	–	-500	–	-0.06%	–
VTRS	Exit	Viatris, Inc.	$0	–	-26,247	–	-0.10%	–
LOW	Exit	Lowe's Companies, Inc.	$0	–	-3,234	–	-0.18%	–
PEP	Exit	Pepsico, Inc.	$0	–	-5,246	–	-0.22%	–
CAG	Exit	Conagra Brands Inc.	$0	–	-61,062	–	-0.58%	–
BA	Exit	Boeing Company	$0	–	-11,445	–	-0.70%	–
	Exit	General Electric Company	$0	–	-24,549	–	-0.70%	–
AMZN	Exit	Amazon.Com, Inc.	$0	–	-1,063	–	-0.97%	–
T	Exit	AT&T	$0	–	-159,774	–	-1.20%	–
XOM	Exit	Exxon Mobil Corporation	$0	–	-118,031	–	-1.93%	–
VLO	Exit	Valero Energy Corporation	$0	–	-101,636	–	-2.00%	–
BK	Exit	The Bank of New York Mellon Corporation	$0	–	-184,126	–	-2.66%	–
MDT	Exit	Medtronic PLC	$0	–	-82,198	–	-2.87%	–
CVS	Exit	CVS Health Corporation	$0	–	-126,333	–	-2.99%	–
BDX	Exit	Becton Dickinson & Company	$0	–	-44,729	–	-3.06%	–
JNJ	Exit	Johnson & Johnson	$0	–	-68,894	–	-3.10%	–
LMT	Exit	Lockheed Martin Corporation	$0	–	-33,069	–	-3.18%	–
DIS	Exit	Walt Disney Company	$0	–	-70,348	–	-3.32%	–
ABBV	Exit	AbbVie, Inc.	$0	–	-114,358	–	-3.44%	–
INTC	Exit	Intel Corporation	$0	–	-233,388	–	-3.46%	–
PFE	Exit	Pfizer, Inc.	$0	–	-290,583	–	-3.48%	–
PG	Exit	Procter & Gamble	$0	–	-89,900	–	-3.50%	–
MCD	Exit	McDonald's Corporation	$0	–	-53,122	–	-3.57%	–
HD	Exit	Home Depot, Inc.	$0	–	-39,298	–	-3.59%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-247,075	–	-3.75%	–
WMT	Exit	Wal-Mart, Inc.	$0	–	-100,959	–	-3.92%	–
CAT	Exit	Caterpillar, Inc.	$0	–	-76,824	–	-4.11%	–
WM	Exit	Waste Management, Inc.	$0	–	-99,535	–	-4.14%	–
JPM	Exit	JP Morgan Chase	$0	–	-94,961	–	-4.33%	–
GOOGL	Exit	Alphabet, Inc. Class A - Formerly Google A	$0	–	-5,888	–	-4.38%	–
MCHP	Exit	Microchip Technology, Inc.	$0	–	-108,874	–	-4.66%	–
BRKB	Exit	Berkshire Hathaway Class B	$0	–	-62,176	–	-4.73%	–
MSFT	Exit	Microsoft Corporation	$0	–	-87,209	–	-6.85%	–
AAPL	Exit	Apple, Inc.	$0	–	-205,336	–	-8.09%	–

Q3 2021

			Value		Shares		↓ Weighting
AAPL	Sell	Apple, Inc.	$29,055,000	+2.2%	205,336	-1.1%	8.09%	+1.5%
MSFT	Buy	Microsoft Corporation	$24,586,000	+4.1%	87,209	+0.0%	6.85%	+3.4%
BRKB	Buy	Berkshire Hathaway Class B	$16,970,000	-0.2%	62,176	+1.6%	4.73%	-0.9%
MCHP	Sell	Microchip Technology, Inc.	$16,711,000	+2.4%	108,874	-0.1%	4.66%	+1.6%
GOOGL	Buy	Alphabet, Inc. Class A - Formerly Google A	$15,742,000	+10.6%	5,888	+1.0%	4.38%	+9.8%
JPM	Sell	JP Morgan Chase	$15,544,000	+5.2%	94,961	-0.1%	4.33%	+4.4%
WM	Sell	Waste Management, Inc.	$14,867,000	+5.7%	99,535	-0.9%	4.14%	+4.9%
CAT	Buy	Caterpillar, Inc.	$14,748,000	-8.5%	76,824	+3.7%	4.11%	-9.2%
WMT	Sell	Wal-Mart, Inc.	$14,072,000	-1.2%	100,959	-0.0%	3.92%	-1.9%
CSCO	Sell	Cisco Systems, Inc.	$13,448,000	+2.5%	247,075	-0.2%	3.75%	+1.7%
HD	Buy	Home Depot, Inc.	$12,900,000	+3.3%	39,298	+0.4%	3.59%	+2.6%
MCD	Sell	McDonald's Corporation	$12,808,000	+4.2%	53,122	-0.2%	3.57%	+3.5%
PG	Sell	Procter & Gamble	$12,568,000	+3.6%	89,900	-0.0%	3.50%	+2.9%
PFE	Buy	Pfizer, Inc.	$12,498,000	+10.2%	290,583	+0.3%	3.48%	+9.4%
INTC	Buy	Intel Corporation	$12,435,000	-4.3%	233,388	+0.8%	3.46%	-5.0%
ABBV	Sell	AbbVie, Inc.	$12,336,000	-4.6%	114,358	-0.3%	3.44%	-5.2%
DIS	Sell	Walt Disney Company	$11,901,000	-4.3%	70,348	-0.6%	3.32%	-5.0%
LMT	Buy	Lockheed Martin Corporation	$11,412,000	-8.1%	33,069	+0.7%	3.18%	-8.8%
JNJ	Buy	Johnson & Johnson	$11,126,000	-1.8%	68,894	+0.2%	3.10%	-2.5%
BDX	Buy	Becton Dickinson & Company	$10,995,000	+1.6%	44,729	+0.6%	3.06%	+0.9%
CVS	Buy	CVS Health Corporation	$10,721,000	+2.9%	126,333	+1.2%	2.99%	+2.2%
MDT	Buy	Medtronic PLC	$10,304,000	+2.3%	82,198	+1.3%	2.87%	+1.6%
BK	Sell	The Bank of New York Mellon Corporation	$9,545,000	+0.9%	184,126	-0.3%	2.66%	+0.2%
VLO	Sell	Valero Energy Corporation	$7,172,000	-9.8%	101,636	-0.2%	2.00%	-10.5%
XOM	Sell	Exxon Mobil Corporation	$6,943,000	-6.8%	118,031	-0.1%	1.93%	-7.5%
T	Sell	AT&T	$4,315,000	-6.6%	159,774	-0.4%	1.20%	-7.3%
AMZN	Buy	Amazon.Com, Inc.	$3,492,000	+4.7%	1,063	+9.7%	0.97%	+4.1%
	New	General Electric Company	$2,529,000	–	24,549	–	0.70%	–
BA	Sell	Boeing Company	$2,517,000	-8.6%	11,445	-0.4%	0.70%	-9.2%
CAG	Buy	Conagra Brands Inc.	$2,068,000	-5.4%	61,062	+1.7%	0.58%	-6.0%
LOW	Buy	Lowe's Companies, Inc.	$656,000	+23.3%	3,234	+17.9%	0.18%	+22.8%
VTRS	Sell	Viatris, Inc.	$356,000	-20.7%	26,247	-16.5%	0.10%	-21.4%
VOO	New	Vanguard S&P 500 ETF	$197,000	–	500	–	0.06%	–
KO	Sell	Coca Cola Company	$74,000	-3.9%	1,405	-1.7%	0.02%	-4.5%
NVDA	Buy	Nvidia Corporation	$36,000	+2.9%	176	+300.0%	0.01%	0.0%
GLW	New	Corning, Inc.	$5,000	–	132	–	0.00%	–
F	New	Ford Mtr Co.	$2,000	–	149	–	0.00%	–
PDCE	New	PDC Energy, Inc.	$2,000	–	45	–	0.00%	–
GE	Exit	General Electric Company	$0	–	-197,942	–	-0.75%	–

Q2 2021

			Value		Shares		↓ Weighting
AAPL	New	Apple, Inc.	$28,428,000	–	207,565	–	7.98%	–
MSFT	New	Microsoft Corporation	$23,618,000	–	87,185	–	6.63%	–
BRKB	New	Berkshire Hathaway Class B	$17,006,000	–	61,191	–	4.77%	–
MCHP	New	Microchip Technology, Inc.	$16,326,000	–	109,026	–	4.58%	–
CAT	New	Caterpillar, Inc.	$16,126,000	–	74,097	–	4.52%	–
JPM	New	JP Morgan Chase	$14,780,000	–	95,027	–	4.15%	–
WMT	New	Wal-Mart, Inc.	$14,244,000	–	101,006	–	4.00%	–
GOOGL	New	Alphabet, Inc. Class A - Formerly Google A	$14,233,000	–	5,829	–	3.99%	–
WM	New	Waste Management, Inc.	$14,071,000	–	100,430	–	3.95%	–
CSCO	New	Cisco Systems, Inc.	$13,124,000	–	247,630	–	3.68%	–
INTC	New	Intel Corporation	$12,992,000	–	231,423	–	3.64%	–
ABBV	New	AbbVie, Inc.	$12,925,000	–	114,743	–	3.63%	–
HD	New	Home Depot, Inc.	$12,486,000	–	39,153	–	3.50%	–
DIS	New	Walt Disney Company	$12,439,000	–	70,768	–	3.49%	–
LMT	New	Lockheed Martin Corporation	$12,419,000	–	32,824	–	3.48%	–
MCD	New	McDonald's Corporation	$12,291,000	–	53,212	–	3.45%	–
PG	New	Procter & Gamble	$12,131,000	–	89,905	–	3.40%	–
PFE	New	Pfizer, Inc.	$11,341,000	–	289,602	–	3.18%	–
JNJ	New	Johnson & Johnson	$11,327,000	–	68,759	–	3.18%	–
BDX	New	Becton Dickinson & Company	$10,817,000	–	44,479	–	3.04%	–
CVS	New	CVS Health Corporation	$10,416,000	–	124,830	–	2.92%	–
MDT	New	Medtronic PLC	$10,074,000	–	81,153	–	2.83%	–
BK	New	The Bank of New York Mellon Corporation	$9,457,000	–	184,596	–	2.65%	–
VLO	New	Valero Energy Corporation	$7,954,000	–	101,871	–	2.23%	–
XOM	New	Exxon Mobil Corporation	$7,453,000	–	118,156	–	2.09%	–
T	New	AT&T	$4,618,000	–	160,459	–	1.30%	–
AMZN	New	Amazon.Com, Inc.	$3,334,000	–	969	–	0.94%	–
BA	New	Boeing Company	$2,753,000	–	11,490	–	0.77%	–
GE	New	General Electric Company	$2,664,000	–	197,942	–	0.75%	–
CAG	New	Conagra Brands Inc.	$2,185,000	–	60,067	–	0.61%	–
PEP	New	Pepsico, Inc.	$777,000	–	5,246	–	0.22%	–
LOW	New	Lowe's Companies, Inc.	$532,000	–	2,744	–	0.15%	–
VTRS	New	Viatris, Inc.	$449,000	–	31,425	–	0.13%	–
VGSH	New	Vanguard Short Term Treasury Index ETF	$141,000	–	2,295	–	0.04%	–
VCSH	New	Vanguard Short Term Corp Bond Index ETF	$142,000	–	1,715	–	0.04%	–
CVX	New	Chevron Corporation	$111,000	–	1,062	–	0.03%	–
AXP	New	American Express Company	$93,000	–	560	–	0.03%	–
KO	New	Coca Cola Company	$77,000	–	1,430	–	0.02%	–
NVDA	New	Nvidia Corporation	$35,000	–	44	–	0.01%	–
VZ	New	Verizon Communications	$17,000	–	309	–	0.01%	–
SHW	New	The Sherwin-Williams Company	$12,000	–	45	–	0.00%	–
CMI	New	Cummins Inc	$10,000	–	40	–	0.00%	–
BMY	New	Bristol-Myers Squibb	$5,000	–	75	–	0.00%	–
C	New	Citigroup Inc.	$5,000	–	73	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
LUMN	Exit	Lumen Technologies, Inc.	$0	–	-75	–	0.00%	–
WAB	Exit	Westinghouse Air Brake Technologies WABTEC	$0	–	-1	–	0.00%	–
F	Exit	Ford	$0	–	-500	–	-0.00%	–
C	Exit	Citigroup Inc.	$0	–	-73	–	-0.00%	–
LOW	Exit	Lowe's Companies, Inc.	$0	–	-52	–	-0.00%	–
USB	Exit	U.S. Bancorp	$0	–	-430	–	-0.01%	–
SO	Exit	The Southern Company	$0	–	-400	–	-0.01%	–
DUK	Exit	Duke Energy Corporation	$0	–	-250	–	-0.01%	–
VZ	Exit	Verizon Communications	$0	–	-575	–	-0.01%	–
AXP	Exit	American Express Company	$0	–	-560	–	-0.02%	–
SYF	Exit	Synchrony Financial	$0	–	-2,225	–	-0.02%	–
CVX	Exit	Chevron Corporation	$0	–	-1,062	–	-0.03%	–
KO	Exit	Coca Cola Company	$0	–	-1,969	–	-0.03%	–
VCSH	Exit	Vanguard Short Term Corp Bond Index ETF	$0	–	-1,715	–	-0.05%	–
VGSH	Exit	Vanguard Short Term Treasury Index ETF	$0	–	-2,295	–	-0.05%	–
GE	Exit	General Electric Company	$0	–	-200,862	–	-0.44%	–
BA	Exit	Boeing Company	$0	–	-11,635	–	-0.68%	–
CAG	Exit	Conagra Brands Inc.	$0	–	-55,405	–	-0.70%	–
T	Exit	AT&T	$0	–	-151,285	–	-1.53%	–
XOM	Exit	Exxon Mobil Corporation	$0	–	-128,876	–	-1.57%	–
VLO	Exit	Valero Energy Corporation	$0	–	-105,328	–	-1.62%	–
BK	Exit	The Bank of New York Mellon Corporation	$0	–	-189,507	–	-2.31%	–
CVS	Exit	CVS Health Corporation	$0	–	-124,833	–	-2.59%	–
MDT	Exit	Medtronic PLC	$0	–	-81,515	–	-3.01%	–
GOOGL	Exit	Alphabet, Inc. Class A - Formerly Google A	$0	–	-5,945	–	-3.09%	–
JPM	Exit	JP Morgan Chase	$0	–	-91,771	–	-3.14%	–
DIS	Exit	Walt Disney Company	$0	–	-72,564	–	-3.20%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-69,803	–	-3.37%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-250,500	–	-3.50%	–
BDX	Exit	Becton Dickinson & Company	$0	–	-44,023	–	-3.64%	–
ABBV	Exit	AbbVie, Inc.	$0	–	-117,948	–	-3.67%	–
PFE	Exit	Pfizer, Inc.	$0	–	-284,246	–	-3.70%	–
JNJ	Exit	Johnson & Johnson	$0	–	-70,367	–	-3.72%	–
MCHP	Exit	Microchip Technology, Inc.	$0	–	-108,389	–	-3.95%	–
CAT	Exit	Caterpillar, Inc.	$0	–	-77,164	–	-4.08%	–
WM	Exit	Waste Management, Inc.	$0	–	-102,151	–	-4.10%	–
PG	Exit	Procter & Gamble	$0	–	-85,187	–	-4.20%	–
INTC	Exit	Intel Corporation	$0	–	-230,018	–	-4.23%	–
MCD	Exit	McDonald's Corporation	$0	–	-54,531	–	-4.25%	–
LMT	Exit	Lockheed Martin Corporation	$0	–	-31,851	–	-4.33%	–
WMT	Exit	Wal-Mart, Inc.	$0	–	-94,419	–	-4.69%	–
BRKB	Exit	Berkshire Hathaway Class B	$0	–	-64,578	–	-4.88%	–
MSFT	Exit	Microsoft Corporation	$0	–	-89,618	–	-6.69%	–
AAPL	Exit	Apple, Inc.	$0	–	-215,920	–	-8.88%	–

Q3 2020

			Value		Shares		↓ Weighting
AAPL	Buy	Apple, Inc.	$25,006,000	+29.6%	215,920	+308.2%	8.88%	+22.0%
MSFT	Buy	Microsoft Corporation	$18,849,000	+8.4%	89,618	+4.9%	6.69%	+2.0%
BRKB	Sell	Berkshire Hathaway Class B	$13,751,000	+19.1%	64,578	-0.2%	4.88%	+12.1%
WMT	Sell	Wal-Mart, Inc.	$13,210,000	+16.7%	94,419	-0.1%	4.69%	+9.8%
LMT	Buy	Lockheed Martin Corporation	$12,208,000	+5.4%	31,851	+0.3%	4.33%	-0.8%
MCD	Sell	McDonald's Corporation	$11,969,000	+18.8%	54,531	-0.1%	4.25%	+11.8%
INTC	Buy	Intel Corporation	$11,910,000	-11.3%	230,018	+2.5%	4.23%	-16.5%
PG	Sell	Procter & Gamble	$11,840,000	+16.1%	85,187	-0.2%	4.20%	+9.2%
WM	Buy	Waste Management, Inc.	$11,560,000	+6.9%	102,151	+0.1%	4.10%	+0.6%
CAT	Sell	Caterpillar, Inc.	$11,509,000	+17.5%	77,164	-0.3%	4.08%	+10.6%
MCHP	Sell	Microchip Technology, Inc.	$11,138,000	-2.7%	108,389	-0.3%	3.95%	-8.4%
JNJ	Sell	Johnson & Johnson	$10,476,000	+5.7%	70,367	-0.1%	3.72%	-0.5%
PFE	Buy	Pfizer, Inc.	$10,432,000	+37.8%	284,246	+22.8%	3.70%	+29.7%
ABBV	Sell	AbbVie, Inc.	$10,331,000	-10.9%	117,948	-0.1%	3.67%	-16.1%
BDX	Buy	Becton Dickinson & Company	$10,243,000	-2.5%	44,023	+0.2%	3.64%	-8.3%
CSCO	Buy	Cisco Systems, Inc.	$9,867,000	-15.5%	250,500	+0.1%	3.50%	-20.5%
ZBH	Sell	Zimmer Biomet Holdings, Inc.	$9,503,000	+14.0%	69,803	-0.0%	3.37%	+7.3%
DIS	Sell	Walt Disney Company	$9,004,000	+11.2%	72,564	-0.1%	3.20%	+4.6%
JPM	Buy	JP Morgan Chase	$8,835,000	+6.1%	91,771	+3.6%	3.14%	-0.2%
GOOGL	Buy	Alphabet, Inc. Class A - Formerly Google A	$8,713,000	+7.9%	5,945	+4.4%	3.09%	+1.5%
MDT	Buy	Medtronic PLC	$8,471,000	+15.6%	81,515	+2.0%	3.01%	+8.8%
CVS	Buy	CVS Health Corporation	$7,290,000	-8.9%	124,833	+1.4%	2.59%	-14.3%
BK	Sell	The Bank of New York Mellon Corporation	$6,508,000	-11.2%	189,507	-0.1%	2.31%	-16.4%
VLO	Buy	Valero Energy Corporation	$4,563,000	-25.3%	105,328	+1.4%	1.62%	-29.7%
XOM	Sell	Exxon Mobil Corporation	$4,424,000	-23.3%	128,876	-0.1%	1.57%	-27.8%
T	Buy	AT&T	$4,313,000	+13.2%	151,285	+20.0%	1.53%	+6.5%
CAG	Buy	Conagra Brands Inc.	$1,979,000	+1.6%	55,405	+0.1%	0.70%	-4.4%
BA	Buy	Boeing Company	$1,923,000	-9.5%	11,635	+0.3%	0.68%	-14.8%
GE	Sell	General Electric Company	$1,251,000	-9.3%	200,862	-0.5%	0.44%	-14.6%
VCSH	New	Vanguard Short Term Corp Bond Index ETF	$142,000	–	1,715	–	0.05%	–
VGSH	New	Vanguard Short Term Treasury Index ETF	$142,000	–	2,295	–	0.05%	–
RIG	Exit	Transocean Ltd.	$0	–	-113	–	0.00%	–

Q2 2020

			Value		Shares		↓ Weighting
AAPL	New	Apple, Inc.	$19,296,000	–	52,895	–	7.28%	–
MSFT	New	Microsoft Corporation	$17,385,000	–	85,425	–	6.56%	–
INTC	New	Intel Corporation	$13,424,000	–	224,363	–	5.06%	–
CSCO	New	Cisco Systems, Inc.	$11,674,000	–	250,295	–	4.40%	–
ABBV	New	AbbVie, Inc.	$11,594,000	–	118,087	–	4.37%	–
LMT	New	Lockheed Martin Corporation	$11,585,000	–	31,748	–	4.37%	–
BRKB	New	Berkshire Hathaway Class B	$11,548,000	–	64,692	–	4.36%	–
MCHP	New	Microchip Technology, Inc.	$11,443,000	–	108,662	–	4.32%	–
WMT	New	Wal-Mart , Inc.	$11,318,000	–	94,490	–	4.27%	–
WM	New	Waste Management, Inc.	$10,812,000	–	102,091	–	4.08%	–
BDX	New	Becton Dickinson & Company	$10,508,000	–	43,916	–	3.96%	–
PG	New	Procter & Gamble	$10,201,000	–	85,316	–	3.85%	–
MCD	New	McDonald's Corporation	$10,074,000	–	54,611	–	3.80%	–
JNJ	New	Johnson & Johnson	$9,907,000	–	70,444	–	3.74%	–
CAT	New	Caterpillar, Inc.	$9,793,000	–	77,417	–	3.69%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$8,335,000	–	69,831	–	3.14%	–
JPM	New	JP Morgan Chase	$8,330,000	–	88,561	–	3.14%	–
DIS	New	Walt Disney Company	$8,098,000	–	72,623	–	3.05%	–
GOOGL	New	Alphabet, Inc. Class Aoommon stock	$8,076,000	–	5,695	–	3.05%	–
CVS	New	CVS Health Corporation	$8,002,000	–	123,161	–	3.02%	–
PFE	New	Pfizer, Inc.	$7,568,000	–	231,441	–	2.85%	–
MDT	New	Medtronic PLC	$7,331,000	–	79,949	–	2.76%	–
BK	New	The Bank of New York Mellon Corporation	$7,328,000	–	189,607	–	2.76%	–
VLO	New	Valero Energy Corporation	$6,109,000	–	103,858	–	2.30%	–
XOM	New	Exxon Mobil Corporation	$5,769,000	–	128,995	–	2.18%	–
T	New	AT&T	$3,810,000	–	126,020	–	1.44%	–
BA	New	Boeing Company	$2,126,000	–	11,600	–	0.80%	–
CAG	New	Conagra Brands Inc.	$1,947,000	–	55,350	–	0.73%	–
GE	New	General Electric Company	$1,379,000	–	201,882	–	0.52%	–
CVX	New	Chevron Corporation	$95,000	–	1,062	–	0.04%	–
KO	New	Coca Cola Company	$88,000	–	1,969	–	0.03%	–
AXP	New	American Express Company	$53,000	–	560	–	0.02%	–
SYF	New	Synchrony Financial	$49,000	–	2,225	–	0.02%	–
VZ	New	Verizon Communications	$32,000	–	575	–	0.01%	–
SO	New	The Southern Company	$21,000	–	400	–	0.01%	–
DUK	New	Duke Energy Corporation	$20,000	–	250	–	0.01%	–
USB	New	U.S. Bancorp	$16,000	–	430	–	0.01%	–
LOW	New	Lowe's Companies, Inc.	$7,000	–	52	–	0.00%	–
C	New	Citigroup Inc.	$4,000	–	73	–	0.00%	–
F	New	Ford Motor Co	$3,000	–	500	–	0.00%	–
WAB	New	Westinghouse Air Brake Technologies WABTEC	$0	–	1	–	0.00%	–
LUMN	New	Centurylink, Inc.	$1,000	–	75	–	0.00%	–
RIG	New	Transocean Ltd.	$0	–	113	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
F	Exit	Ford Motor Co	$0	–	-500	–	-0.00%	–
LOW	Exit	Lowe's Companies, Inc.	$0	–	-52	–	-0.00%	–
VZ	Exit	Verizon Communications	$0	–	-175	–	-0.00%	–
ORCL	Exit	Oracle Corporation	$0	–	-237	–	-0.01%	–
DE	Exit	Deere & Company	$0	–	-82	–	-0.01%	–
AXP	Exit	American Express Company	$0	–	-500	–	-0.02%	–
SYF	Exit	Synchrony Financial	$0	–	-2,388	–	-0.03%	–
KO	Exit	Coca Cola Company	$0	–	-1,969	–	-0.04%	–
CVX	Exit	Chevron Corporation	$0	–	-961	–	-0.04%	–
CAG	Exit	Conagra Brands Inc.	$0	–	-28,770	–	-0.35%	–
T	Exit	AT&T	$0	–	-24,530	–	-0.36%	–
GE	Exit	General Electric Company	$0	–	-218,048	–	-0.76%	–
AGN	Exit	Allergan PLC	$0	–	-19,930	–	-1.32%	–
GOOGL	Exit	Alphabet, Inc. Class Aoommon stock	$0	–	-5,846	–	-2.80%	–
PFE	Exit	Pfizer, Inc.	$0	–	-206,954	–	-2.92%	–
CVS	Exit	CVS Health Corporation	$0	–	-120,587	–	-2.98%	–
BK	Exit	The Bank of New York Mellon Corporation	$0	–	-181,284	–	-3.22%	–
VLO	Exit	Valero Energy Corporation	$0	–	-99,697	–	-3.33%	–
ABBV	Exit	AbbVie, Inc.	$0	–	-115,767	–	-3.44%	–
XOM	Exit	Exxon Mobil Corporation	$0	–	-125,033	–	-3.46%	–
JNJ	Exit	Johnson & Johnson	$0	–	-69,972	–	-3.55%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-67,457	–	-3.63%	–
DIS	Exit	Walt Disney Company	$0	–	-74,146	–	-3.79%	–
MCHP	Exit	Microchip Technology, Inc.	$0	–	-105,527	–	-3.85%	–
CAT	Exit	Caterpillar, Inc.	$0	–	-79,517	–	-3.94%	–
JPM	Exit	JP Morgan Chase	$0	–	-87,848	–	-4.06%	–
MCD	Exit	McDonald's Corporation	$0	–	-50,445	–	-4.25%	–
BDX	Exit	Becton Dickinson & Company	$0	–	-42,884	–	-4.26%	–
PG	Exit	Procter & Gamble	$0	–	-87,986	–	-4.29%	–
WMT	Exit	Wal-Mart Stores, Inc.	$0	–	-92,415	–	-4.30%	–
WM	Exit	Waste Management, Inc.	$0	–	-96,020	–	-4.33%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-230,091	–	-4.46%	–
LMT	Exit	Lockheed Martin Corporation	$0	–	-31,304	–	-4.79%	–
INTC	Exit	Intel Corporation	$0	–	-242,253	–	-4.90%	–
MSFT	Exit	Microsoft Corporation	$0	–	-91,562	–	-4.99%	–
BRKB	Exit	Berkshire Hathaway Class B	$0	–	-65,833	–	-5.37%	–
AAPL	Exit	Apple, Inc.	$0	–	-70,046	–	-6.15%	–

Q3 2019

			Value		Shares		↓ Weighting
AAPL	Sell	Apple, Inc.	$15,688,000	+9.9%	70,046	-2.9%	6.15%	+10.1%
BRKB	Buy	Berkshire Hathaway Class B	$13,695,000	+3.3%	65,833	+5.9%	5.37%	+3.5%
MSFT	Sell	Microsoft Corporation	$12,730,000	+3.4%	91,562	-0.3%	4.99%	+3.6%
INTC	Buy	Intel Corporation	$12,483,000	+7.9%	242,253	+0.2%	4.90%	+8.0%
LMT	Sell	Lockheed Martin Corporation	$12,210,000	+6.4%	31,304	-0.9%	4.79%	+6.5%
CSCO	Sell	Cisco Systems, Inc.	$11,369,000	-9.9%	230,091	-0.3%	4.46%	-9.8%
WM	Sell	Waste Management, Inc.	$11,042,000	-0.7%	96,020	-0.4%	4.33%	-0.6%
WMT	Sell	Wal-Mart Stores, Inc.	$10,968,000	+6.2%	92,415	-1.1%	4.30%	+6.4%
PG	Sell	Procter & Gamble	$10,944,000	+13.1%	87,986	-0.3%	4.29%	+13.2%
BDX	Sell	Becton Dickinson & Company	$10,848,000	+0.2%	42,884	-0.1%	4.26%	+0.4%
MCD	Sell	McDonald's Corporation	$10,831,000	+2.8%	50,445	-0.6%	4.25%	+3.0%
JPM	Buy	JP Morgan Chase	$10,339,000	+5.9%	87,848	+0.6%	4.06%	+6.1%
CAT	Buy	Caterpillar, Inc.	$10,044,000	-6.9%	79,517	+0.5%	3.94%	-6.8%
MCHP	Buy	Microchip Technology, Inc.	$9,805,000	+7.8%	105,527	+0.6%	3.85%	+8.0%
DIS	Sell	Walt Disney Company	$9,663,000	-7.0%	74,146	-0.3%	3.79%	-6.8%
ZBH	Buy	Zimmer Biomet Holdings, Inc.	$9,260,000	+18.7%	67,457	+1.8%	3.63%	+18.8%
JNJ	Buy	Johnson & Johnson	$9,053,000	-6.5%	69,972	+0.7%	3.55%	-6.4%
XOM	Buy	Exxon Mobil Corporation	$8,829,000	-7.0%	125,033	+0.9%	3.46%	-6.9%
ABBV	Buy	AbbVie, Inc.	$8,766,000	+6.3%	115,767	+2.1%	3.44%	+6.4%
VLO	Buy	Valero Energy Corporation	$8,498,000	+0.6%	99,697	+1.0%	3.33%	+0.7%
BK	Buy	The Bank of New York Mellon Corporation	$8,196,000	+4.2%	181,284	+1.7%	3.22%	+4.3%
CVS	Buy	CVS Health Corporation	$7,605,000	+21.5%	120,587	+5.0%	2.98%	+21.7%
PFE	Buy	Pfizer, Inc.	$7,436,000	-12.5%	206,954	+5.4%	2.92%	-12.4%
AGN	Sell	Allergan PLC	$3,354,000	+0.4%	19,930	-0.1%	1.32%	+0.5%
GE	Sell	General Electric Company	$1,949,000	-15.1%	218,048	-0.3%	0.76%	-15.0%
CAG	New	Conagra Brands Inc.	$883,000	–	28,770	–	0.35%	–
SYF	Sell	Synchrony Financial	$81,000	-99.0%	2,388	-98.9%	0.03%	-99.0%

Q2 2019

			Value		Shares		↓ Weighting
AAPL	New	Apple, Inc.	$14,276,000	–	72,130	–	5.59%	–
BRKB	New	Berkshire Hathaway Class B	$13,253,000	–	62,172	–	5.19%	–
CSCO	New	Cisco Systems, Inc.	$12,625,000	–	230,681	–	4.94%	–
MSFT	New	Microsoft Corporation	$12,307,000	–	91,872	–	4.82%	–
INTC	New	Intel Corporation	$11,573,000	–	241,758	–	4.53%	–
LMT	New	Lockheed Martin Corporation	$11,480,000	–	31,578	–	4.50%	–
WM	New	Waste Management, Inc.	$11,119,000	–	96,380	–	4.36%	–
BDX	New	Becton Dickinson & Company	$10,822,000	–	42,944	–	4.24%	–
CAT	New	Caterpillar, Inc.	$10,788,000	–	79,157	–	4.22%	–
MCD	New	McDonald's Corporation	$10,534,000	–	50,725	–	4.13%	–
DIS	New	Walt Disney Company	$10,387,000	–	74,381	–	4.07%	–
WMT	New	Wal-Mart Stores, Inc.	$10,328,000	–	93,475	–	4.04%	–
JPM	New	JP Morgan Chase	$9,759,000	–	87,288	–	3.82%	–
JNJ	New	Johnson & Johnson	$9,682,000	–	69,517	–	3.79%	–
PG	New	Procter & Gamble	$9,680,000	–	88,281	–	3.79%	–
XOM	New	Exxon Mobil Corporation	$9,494,000	–	123,893	–	3.72%	–
MCHP	New	Microchip Technology, Inc.	$9,096,000	–	104,912	–	3.56%	–
PFE	New	Pfizer, Inc.	$8,503,000	–	196,288	–	3.33%	–
VLO	New	Valero Energy Corporation	$8,451,000	–	98,717	–	3.31%	–
ABBV	New	AbbVie, Inc.	$8,247,000	–	113,414	–	3.23%	–
SYF	New	Synchrony Financial	$7,878,000	–	227,215	–	3.08%	–
BK	New	The Bank of New York Mellon Corporation	$7,867,000	–	178,179	–	3.08%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$7,803,000	–	66,272	–	3.06%	–
GOOGL	New	Alphabet, Inc. Class Aoommon stock	$6,330,000	–	5,846	–	2.48%	–
CVS	New	CVS Health Corporation	$6,258,000	–	114,847	–	2.45%	–
AGN	New	Allergan PLC	$3,341,000	–	19,955	–	1.31%	–
GE	New	General Electric Company	$2,296,000	–	218,648	–	0.90%	–
T	New	AT&T	$822,000	–	24,530	–	0.32%	–
CVX	New	Chevron Corporation	$120,000	–	961	–	0.05%	–
KO	New	Coca Cola Company	$100,000	–	1,969	–	0.04%	–
AXP	New	American Express Company	$62,000	–	500	–	0.02%	–
ORCL	New	Oracle Corporation	$14,000	–	237	–	0.01%	–
DE	New	Deere & Company	$14,000	–	82	–	0.01%	–
VZ	New	Verizon Communications	$10,000	–	175	–	0.00%	–
F	New	Ford Motor Co	$5,000	–	500	–	0.00%	–
LOW	New	Lowe's Companies, Inc.	$5,000	–	52	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
AET	Exit	Aetna, Inc.	$0	–	-19	–	-0.00%	–
LOW	Exit	Lowe's Companies, Inc.	$0	–	-52	–	-0.00%	–
VZ	Exit	Verizon Communications	$0	–	-100	–	-0.00%	–
F	Exit	Ford Motor Co	$0	–	-500	–	-0.00%	–
AXP	Exit	American Express Company	$0	–	-500	–	-0.02%	–
KO	Exit	Coca Cola Company	$0	–	-1,969	–	-0.04%	–
CVX	Exit	Chevron Corporation	$0	–	-1,031	–	-0.05%	–
GOOGL	Exit	Alphabet, Inc. Class Aoommon stock	$0	–	-139	–	-0.07%	–
GE	Exit	General Electric Company	$0	–	-283,611	–	-1.27%	–
AGN	Exit	Allergan PLC	$0	–	-22,171	–	-1.67%	–
SYF	Exit	Synchrony Financial	$0	–	-248,860	–	-3.06%	–
PG	Exit	Procter & Gamble	$0	–	-93,493	–	-3.08%	–
MCHP	Exit	Microchip Technology, Inc.	$0	–	-103,897	–	-3.25%	–
CVS	Exit	CVS Health Corporation	$0	–	-104,444	–	-3.26%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-64,784	–	-3.38%	–
PFE	Exit	Pfizer, Inc.	$0	–	-198,620	–	-3.47%	–
DIS	Exit	Walt Disney Company	$0	–	-75,849	–	-3.52%	–
MCD	Exit	McDonald's Corporation	$0	–	-53,703	–	-3.56%	–
BK	Exit	The Bank of New York Mellon Corporation	$0	–	-182,007	–	-3.68%	–
WMT	Exit	Wal-Mart Stores, Inc.	$0	–	-98,861	–	-3.68%	–
WM	Exit	Waste Management, Inc.	$0	–	-104,531	–	-3.74%	–
JNJ	Exit	Johnson & Johnson	$0	–	-69,143	–	-3.79%	–
JPM	Exit	JP Morgan Chase	$0	–	-85,543	–	-3.82%	–
BDX	Exit	Becton Dickinson & Company	$0	–	-39,406	–	-4.08%	–
XOM	Exit	Exxon Mobil Corporation	$0	–	-121,572	–	-4.10%	–
ABBV	Exit	AbbVie, Inc.	$0	–	-110,433	–	-4.14%	–
VLO	Exit	Valero Energy Corporation	$0	–	-92,480	–	-4.17%	–
LMT	Exit	Lockheed Martin Corporation	$0	–	-31,258	–	-4.28%	–
MSFT	Exit	Microsoft Corporation	$0	–	-100,123	–	-4.54%	–
INTC	Exit	Intel Corporation	$0	–	-243,350	–	-4.56%	–
CAT	Exit	Caterpillar, Inc.	$0	–	-78,665	–	-4.75%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-261,209	–	-5.04%	–
BRKB	Exit	Berkshire Hathaway Class B	$0	–	-63,797	–	-5.41%	–
AAPL	Exit	Apple, Inc.	$0	–	-72,903	–	-6.52%	–

Q3 2018

			Value		Shares		↓ Weighting
AAPL	Sell	Apple, Inc.	$16,457,000	+19.4%	72,903	-2.1%	6.52%	+11.3%
BRKB	Sell	Berkshire Hathaway Class B	$13,660,000	+13.5%	63,797	-1.1%	5.41%	+5.8%
CSCO	Sell	Cisco Systems, Inc.	$12,708,000	+12.9%	261,209	-0.1%	5.04%	+5.3%
CAT	Sell	Caterpillar, Inc.	$11,996,000	+12.4%	78,665	-0.0%	4.75%	+4.8%
INTC	Buy	Intel Corporation	$11,508,000	-4.2%	243,350	+0.7%	4.56%	-10.7%
MSFT	Sell	Microsoft Corporation	$11,451,000	-8.4%	100,123	-21.0%	4.54%	-14.6%
LMT	Buy	Lockheed Martin Corporation	$10,814,000	+17.5%	31,258	+0.4%	4.28%	+9.5%
VLO	Sell	Valero Energy Corporation	$10,520,000	+1.6%	92,480	-1.0%	4.17%	-5.3%
ABBV	Sell	AbbVie, Inc.	$10,445,000	+1.8%	110,433	-0.3%	4.14%	-5.1%
XOM	Buy	Exxon Mobil Corporation	$10,336,000	+4.2%	121,572	+1.4%	4.10%	-2.9%
BDX	Sell	Becton Dickinson & Company	$10,285,000	+8.2%	39,406	-0.7%	4.08%	+0.9%
JPM	Buy	JP Morgan Chase	$9,653,000	+9.7%	85,543	+1.3%	3.82%	+2.2%
JNJ	Buy	Johnson & Johnson	$9,553,000	+15.6%	69,143	+1.5%	3.79%	+7.7%
WM	Sell	Waste Management, Inc.	$9,445,000	+10.4%	104,531	-0.6%	3.74%	+2.9%
WMT	Buy	Wal-Mart Stores, Inc.	$9,284,000	+11.6%	98,861	+1.8%	3.68%	+4.0%
BK	Buy	The Bank of New York Mellon Corporation	$9,281,000	-4.1%	182,007	+1.5%	3.68%	-10.6%
MCD	Buy	McDonald's Corporation	$8,984,000	+7.8%	53,703	+1.0%	3.56%	+0.5%
DIS	Buy	Walt Disney Company	$8,870,000	+11.6%	75,849	+0.0%	3.52%	+4.0%
PFE	Sell	Pfizer, Inc.	$8,753,000	+20.7%	198,620	-0.6%	3.47%	+12.5%
ZBH	Buy	Zimmer Biomet Holdings, Inc.	$8,517,000	+18.3%	64,784	+0.3%	3.38%	+10.3%
CVS	Buy	CVS Health Corporation	$8,222,000	+23.2%	104,444	+0.7%	3.26%	+14.8%
MCHP	Buy	Microchip Technology, Inc.	$8,199,000	-11.9%	103,897	+1.6%	3.25%	-17.9%
PG	Buy	Procter & Gamble	$7,781,000	+9.4%	93,493	+2.6%	3.08%	+2.0%
SYF	Buy	Synchrony Financial	$7,735,000	-6.4%	248,860	+0.5%	3.06%	-12.8%
AGN	Sell	Allergan PLC	$4,223,000	+13.7%	22,171	-0.5%	1.67%	+6.1%
GE	Sell	General Electric Company	$3,202,000	-17.5%	283,611	-0.5%	1.27%	-23.0%
GOOGL	Buy	Alphabet, Inc. Class Aoommon stock	$168,000	+15.1%	139	+7.8%	0.07%	+8.1%
AET	New	Aetna, Inc.	$4,000	–	19	–	0.00%	–

Q2 2018

			Value		Shares		↓ Weighting
AAPL	New	Apple, Inc.	$13,782,000	–	74,453	–	5.86%	–
MSFT	New	Microsoft Corporation	$12,495,000	–	126,707	–	5.31%	–
BRKB	New	Berkshire Hathaway Class B	$12,040,000	–	64,505	–	5.12%	–
INTC	New	Intel Corporation	$12,012,000	–	241,643	–	5.11%	–
CSCO	New	Cisco Systems, Inc.	$11,254,000	–	261,534	–	4.78%	–
CAT	New	Caterpillar, Inc.	$10,675,000	–	78,685	–	4.54%	–
VLO	New	Valero Energy Corporation	$10,354,000	–	93,420	–	4.40%	–
ABBV	New	AbbVie, Inc.	$10,258,000	–	110,723	–	4.36%	–
XOM	New	Exxon Mobil Corporation	$9,924,000	–	119,952	–	4.22%	–
BK	New	The Bank of New York Mellon Corporation	$9,673,000	–	179,367	–	4.11%	–
BDX	New	Becton Dickinson & Company	$9,502,000	–	39,666	–	4.04%	–
MCHP	New	Microchip Technology, Inc.	$9,304,000	–	102,297	–	3.96%	–
LMT	New	Lockheed Martin Corporation	$9,202,000	–	31,148	–	3.91%	–
JPM	New	JP Morgan Chase	$8,803,000	–	84,478	–	3.74%	–
WM	New	Waste Management, Inc.	$8,557,000	–	105,196	–	3.64%	–
MCD	New	McDonald's Corporation	$8,335,000	–	53,193	–	3.54%	–
WMT	New	Wal-Mart Stores, Inc.	$8,319,000	–	97,131	–	3.54%	–
JNJ	New	Johnson & Johnson	$8,265,000	–	68,113	–	3.51%	–
SYF	New	Synchrony Financial	$8,265,000	–	247,603	–	3.51%	–
DIS	New	Walt Disney Company	$7,950,000	–	75,847	–	3.38%	–
PFE	New	Pfizer, Inc.	$7,251,000	–	199,855	–	3.08%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$7,198,000	–	64,594	–	3.06%	–
PG	New	Procter & Gamble	$7,113,000	–	91,128	–	3.02%	–
CVS	New	CVS Health Corporation	$6,676,000	–	103,749	–	2.84%	–
GE	New	General Electric Company	$3,880,000	–	285,116	–	1.65%	–
AGN	New	Allergan PLC	$3,713,000	–	22,273	–	1.58%	–
GOOGL	New	Alphabet, Inc. Class Aoommon stock	$146,000	–	129	–	0.06%	–
CVX	New	Chevron Corporation	$130,000	–	1,031	–	0.06%	–
KO	New	Coca Cola Company	$86,000	–	1,969	–	0.04%	–
AXP	New	American Express Company	$49,000	–	500	–	0.02%	–
F	New	Ford Motor Co	$6,000	–	500	–	0.00%	–
LOW	New	Lowe's Companies, Inc.	$5,000	–	52	–	0.00%	–
VZ	New	Verizon Communications	$5,000	–	100	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
VZ	Exit	Verizon Communications	$0	–	-100	–	-0.00%	–
F	Exit	Ford Motor Co	$0	–	-500	–	-0.00%	–
GOOGL	Exit	Alphabet, Inc. Class Aoommon stock	$0	–	-8	–	-0.00%	–
JPM	Exit	JP Morgan Chase	$0	–	-109	–	-0.00%	–
AXP	Exit	American Express Company	$0	–	-500	–	-0.02%	–
GLD	Exit	SPDR Gold Trust	$0	–	-500	–	-0.03%	–
CVX	Exit	Chevron Corporation	$0	–	-631	–	-0.03%	–
KO	Exit	Coca Cola Company	$0	–	-2,004	–	-0.04%	–
XOM	Exit	Exxon Mobil Corporation	$0	–	-4,443	–	-0.16%	–
SDY	Exit	SPDR S&P Dividend ETF	$0	–	-50,612	–	-1.98%	–
AGN	Exit	Allergan PLC	$0	–	-24,015	–	-2.11%	–
DVN	Exit	Devon Energy Corporation	$0	–	-134,247	–	-2.11%	–
BP	Exit	BP PLC ADR	$0	–	-184,683	–	-3.04%	–
PFE	Exit	Pfizer, Inc.	$0	–	-204,558	–	-3.13%	–
DIS	Exit	Walt Disney Company	$0	–	-75,799	–	-3.20%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-63,882	–	-3.21%	–
WMT	Exit	Wal-Mart Stores, Inc.	$0	–	-97,306	–	-3.26%	–
SYF	Exit	Synchrony Financial	$0	–	-250,631	–	-3.34%	–
GE	Exit	General Electric Company	$0	–	-323,121	–	-3.35%	–
PG	Exit	Procter & Gamble	$0	–	-86,508	–	-3.37%	–
BDX	Exit	Becton Dickinson & Company	$0	–	-40,709	–	-3.42%	–
MCD	Exit	McDonald's Corporation	$0	–	-51,724	–	-3.48%	–
WM	Exit	Waste Management, Inc.	$0	–	-105,709	–	-3.55%	–
CVS	Exit	CVS Health Corporation	$0	–	-104,375	–	-3.64%	–
JNJ	Exit	Johnson & Johnson	$0	–	-67,467	–	-3.76%	–
MCHP	Exit	Microchip Technology, Inc.	$0	–	-103,244	–	-3.97%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-278,328	–	-4.01%	–
LMT	Exit	Lockheed Martin Corporation	$0	–	-31,445	–	-4.18%	–
MSFT	Exit	Microsoft Corporation	$0	–	-133,563	–	-4.27%	–
BK	Exit	The Bank of New York Mellon Corporation	$0	–	-187,935	–	-4.27%	–
INTC	Exit	Intel Corporation	$0	–	-262,470	–	-4.29%	–
CAT	Exit	Caterpillar, Inc.	$0	–	-80,180	–	-4.29%	–
VLO	Exit	Valero Energy Corporation	$0	–	-131,210	–	-4.33%	–
BRKB	Exit	Berkshire Hathaway Class B	$0	–	-66,859	–	-5.26%	–
AAPL	Exit	Apple, Inc.	$0	–	-79,812	–	-5.27%	–
ABBV	Exit	AbbVie, Inc.	$0	–	-147,498	–	-5.62%	–

Q3 2017

			Value		Shares		↓ Weighting
ABBV	Buy	AbbVie, Inc.	$13,107,000	+22.7%	147,498	+0.1%	5.62%	+15.4%
AAPL	Buy	Apple, Inc.	$12,301,000	+7.6%	79,812	+0.5%	5.27%	+1.2%
BRKB	Buy	Berkshire Hathaway Class B	$12,257,000	+8.9%	66,859	+0.6%	5.26%	+2.5%
VLO	Buy	Valero Energy Corporation	$10,094,000	+15.7%	131,210	+1.5%	4.33%	+8.8%
CAT	Buy	Caterpillar, Inc.	$9,999,000	+16.1%	80,180	+0.0%	4.29%	+9.2%
INTC	Buy	Intel Corporation	$9,995,000	+13.7%	262,470	+0.8%	4.29%	+7.0%
BK	Sell	The Bank of New York Mellon Corporation	$9,964,000	+3.3%	187,935	-0.6%	4.27%	-2.9%
MSFT	Buy	Microsoft Corporation	$9,949,000	+9.0%	133,563	+0.9%	4.27%	+2.5%
LMT	Buy	Lockheed Martin Corporation	$9,757,000	+13.0%	31,445	+1.1%	4.18%	+6.2%
CSCO	Buy	Cisco Systems, Inc.	$9,360,000	+8.6%	278,328	+1.1%	4.01%	+2.1%
MCHP	Buy	Microchip Technology, Inc.	$9,269,000	+18.2%	103,244	+1.6%	3.97%	+11.2%
JNJ	Buy	Johnson & Johnson	$8,771,000	-1.4%	67,467	+0.3%	3.76%	-7.3%
CVS	Buy	CVS Health Corporation	$8,488,000	+2.3%	104,375	+1.2%	3.64%	-3.8%
WM	Buy	Waste Management, Inc.	$8,274,000	+7.5%	105,709	+0.7%	3.55%	+1.1%
MCD	Sell	McDonald's Corporation	$8,104,000	+1.7%	51,724	-0.6%	3.48%	-4.4%
BDX	Buy	Becton Dickinson & Company	$7,977,000	+2.3%	40,709	+1.9%	3.42%	-3.8%
PG	Sell	Procter & Gamble	$7,870,000	+3.8%	86,508	-0.6%	3.37%	-2.5%
GE	Buy	General Electric Company	$7,813,000	-9.9%	323,121	+0.7%	3.35%	-15.2%
SYF	Buy	Synchrony Financial	$7,782,000	+5.0%	250,631	+0.8%	3.34%	-1.3%
WMT	Buy	Wal-Mart Stores, Inc.	$7,603,000	+3.4%	97,306	+0.1%	3.26%	-2.8%
ZBH	Buy	Zimmer Biomet Holdings, Inc.	$7,480,000	-7.6%	63,882	+1.3%	3.21%	-13.1%
DIS	Buy	Walt Disney Company	$7,472,000	-6.1%	75,799	+1.3%	3.20%	-11.7%
PFE	Buy	Pfizer, Inc.	$7,303,000	+8.6%	204,558	+2.1%	3.13%	+2.1%
BP	Sell	BP PLC ADR	$7,097,000	+10.3%	184,683	-0.6%	3.04%	+3.7%
DVN	Sell	Devon Energy Corporation	$4,928,000	+14.5%	134,247	-0.3%	2.11%	+7.6%
AGN	Buy	Allergan PLC	$4,922,000	-13.6%	24,015	+2.5%	2.11%	-18.8%
SDY	Sell	SPDR S&P Dividend ETF	$4,622,000	+1.2%	50,612	-1.5%	1.98%	-4.8%
XOM	Buy	Exxon Mobil Corporation	$364,000	+256.9%	4,443	+250.4%	0.16%	+231.9%
CVX	Sell	Chevron Corporation	$74,000	-31.5%	631	-38.8%	0.03%	-34.7%
GLD	Sell	SPDR Gold Trust	$61,000	-48.3%	500	-50.0%	0.03%	-51.9%
JPM	New	JP Morgan Chase	$10,000	–	109	–	0.00%	–
F	Sell	Ford Motor Co	$6,000	-53.8%	500	-56.6%	0.00%	-50.0%
GOOGL	New	Alphabet, Inc. Class Aoommon stock	$8,000	–	8	–	0.00%	–

Q2 2017

			Value		Shares		↓ Weighting
AAPL	New	Apple, Inc.	$11,435,000	–	79,397	–	5.21%	–
BRKB	New	Berkshire Hathaway Class B	$11,251,000	–	66,429	–	5.13%	–
ABBV	New	AbbVie, Inc.	$10,684,000	–	147,343	–	4.87%	–
BK	New	The Bank of New York Mellon Corporation	$9,647,000	–	189,076	–	4.40%	–
MSFT	New	Microsoft Corporation	$9,128,000	–	132,418	–	4.16%	–
JNJ	New	Johnson & Johnson	$8,898,000	–	67,261	–	4.06%	–
INTC	New	Intel Corporation	$8,788,000	–	260,448	–	4.01%	–
VLO	New	Valero Energy Corporation	$8,722,000	–	129,295	–	3.98%	–
GE	New	General Electric Company	$8,668,000	–	320,923	–	3.95%	–
LMT	New	Lockheed Martin Corporation	$8,636,000	–	31,110	–	3.94%	–
CSCO	New	Cisco Systems, Inc.	$8,618,000	–	275,350	–	3.93%	–
CAT	New	Caterpillar, Inc.	$8,613,000	–	80,155	–	3.93%	–
CVS	New	CVS Health Corporation	$8,298,000	–	103,131	–	3.78%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$8,095,000	–	63,049	–	3.69%	–
MCD	New	McDonald's Corporation	$7,971,000	–	52,044	–	3.64%	–
DIS	New	Walt Disney Company	$7,954,000	–	74,858	–	3.63%	–
MCHP	New	Microchip Technology, Inc.	$7,841,000	–	101,600	–	3.58%	–
BDX	New	Becton Dickinson & Company	$7,797,000	–	39,963	–	3.56%	–
WM	New	Waste Management, Inc.	$7,700,000	–	104,981	–	3.51%	–
PG	New	Procter & Gamble	$7,585,000	–	87,035	–	3.46%	–
SYF	New	Synchrony Financial	$7,414,000	–	248,631	–	3.38%	–
WMT	New	Wal-Mart Stores, Inc.	$7,356,000	–	97,193	–	3.35%	–
PFE	New	Pfizer, Inc.	$6,727,000	–	200,269	–	3.07%	–
BP	New	BP PLC ADR	$6,437,000	–	185,764	–	2.94%	–
AGN	New	Allergan PLC	$5,695,000	–	23,428	–	2.60%	–
SDY	New	SPDR S&P Dividend ETF	$4,566,000	–	51,362	–	2.08%	–
DVN	New	Devon Energy Corporation	$4,305,000	–	134,654	–	1.96%	–
GLD	New	SPDR Gold Trust	$118,000	–	1,000	–	0.05%	–
CVX	New	Chevron Corporation	$108,000	–	1,031	–	0.05%	–
XOM	New	Exxon Mobil Corporation	$102,000	–	1,268	–	0.05%	–
KO	New	Coca Cola Company	$90,000	–	2,004	–	0.04%	–
AXP	New	American Express Company	$42,000	–	500	–	0.02%	–
F	New	Ford Motor Co	$13,000	–	1,151	–	0.01%	–
VZ	New	Verizon Communications	$4,000	–	100	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
F	Exit	Ford Motor Co	$0	–	-651	–	-0.00%	–
AXP	Exit	American Express Company	$0	–	-500	–	-0.02%	–
KO	Exit	Coca Cola Company	$0	–	-2,004	–	-0.04%	–
XOM	Exit	Exxon Mobil Corporation	$0	–	-1,268	–	-0.05%	–
CVX	Exit	Chevron Corporation	$0	–	-1,152	–	-0.06%	–
GLD	Exit	SPDR Gold Trust	$0	–	-2,000	–	-0.12%	–
SPY	Exit	SPDR S&P 500 ETF	$0	–	-12,710	–	-1.34%	–
CBI	Exit	Chicago Bridge and Iron Company	$0	–	-101,705	–	-1.39%	–
PFE	Exit	Pfizer, Inc.	$0	–	-174,887	–	-2.88%	–
AGN	Exit	Allergan PLC	$0	–	-27,505	–	-3.08%	–
DVN	Exit	Devon Energy Corporation	$0	–	-147,954	–	-3.18%	–
WM	Exit	Waste Management, Inc.	$0	–	-106,152	–	-3.29%	–
DIS	Exit	Walt Disney Company	$0	–	-74,400	–	-3.36%	–
BP	Exit	BP PLC ADR	$0	–	-198,750	–	-3.40%	–
MCD	Exit	McDonald's Corporation	$0	–	-60,632	–	-3.40%	–
SYF	Exit	Synchrony Financial	$0	–	-250,875	–	-3.42%	–
VLO	Exit	Valero Energy Corporation	$0	–	-133,100	–	-3.43%	–
WMT	Exit	Wal-Mart Stores, Inc.	$0	–	-98,275	–	-3.45%	–
BK	Exit	The Bank of New York Mellon Corporation	$0	–	-191,793	–	-3.72%	–
MSFT	Exit	Microsoft Corporation	$0	–	-135,610	–	-3.80%	–
PG	Exit	Procter & Gamble	$0	–	-87,775	–	-3.83%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-61,654	–	-3.90%	–
CAT	Exit	Caterpillar, Inc.	$0	–	-90,803	–	-3.92%	–
JNJ	Exit	Johnson & Johnson	$0	–	-68,241	–	-3.92%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-275,121	–	-4.24%	–
SDY	Exit	SPDR S&P Dividend ETF	$0	–	-105,471	–	-4.33%	–
CVS	Exit	CVS Health Corporation	$0	–	-101,412	–	-4.39%	–
AAPL	Exit	Apple, Inc.	$0	–	-82,050	–	-4.51%	–
BRKB	Exit	Berkshire Hathaway Class B	$0	–	-65,479	–	-4.60%	–
GE	Exit	General Electric Company	$0	–	-319,954	–	-4.61%	–
ABBV	Exit	AbbVie, Inc.	$0	–	-151,384	–	-4.64%	–
BDX	Exit	Becton Dickinson & Company	$0	–	-54,557	–	-4.77%	–
INTC	Exit	Intel Corporation	$0	–	-266,273	–	-4.89%	–

Q3 2016

			Value		Shares		↓ Weighting
INTC	Sell	Intel Corporation	$10,052,000	+8.0%	266,273	-6.2%	4.89%	+18.6%
BDX	Sell	Becton Dickinson & Company	$9,806,000	-0.4%	54,557	-6.0%	4.77%	+9.4%
ABBV	Sell	AbbVie, Inc.	$9,548,000	-3.3%	151,384	-5.0%	4.64%	+6.2%
GE	Sell	General Electric Company	$9,477,000	-10.1%	319,954	-4.4%	4.61%	-1.3%
BRKB	Sell	Berkshire Hathaway Class B	$9,460,000	-0.3%	65,479	-0.1%	4.60%	+9.5%
AAPL	Sell	Apple, Inc.	$9,276,000	+11.1%	82,050	-6.1%	4.51%	+22.0%
CVS	Sell	CVS Health Corporation	$9,025,000	-12.1%	101,412	-5.4%	4.39%	-3.4%
SDY	Sell	SPDR S&P Dividend ETF	$8,898,000	-4.4%	105,471	-4.9%	4.33%	+4.9%
CSCO	Sell	Cisco Systems, Inc.	$8,727,000	+3.5%	275,121	-6.4%	4.24%	+13.7%
JNJ	Sell	Johnson & Johnson	$8,061,000	-8.0%	68,241	-5.5%	3.92%	+1.1%
CAT	Sell	Caterpillar, Inc.	$8,061,000	+9.8%	90,803	-6.2%	3.92%	+20.6%
ZBH	Sell	Zimmer Biomet Holdings, Inc.	$8,016,000	-1.0%	61,654	-8.3%	3.90%	+8.8%
PG	Sell	Procter & Gamble	$7,878,000	-2.1%	87,775	-7.6%	3.83%	+7.5%
MSFT	Sell	Microsoft Corporation	$7,811,000	-26.9%	135,610	-35.1%	3.80%	-19.7%
BK	Sell	The Bank of New York Mellon Corporation	$7,649,000	-4.1%	191,793	-6.6%	3.72%	+5.3%
WMT	Sell	Wal-Mart Stores, Inc.	$7,088,000	-8.0%	98,275	-6.9%	3.45%	+1.0%
VLO	Sell	Valero Energy Corporation	$7,054,000	-1.2%	133,100	-4.9%	3.43%	+8.5%
SYF	Sell	Synchrony Financial	$7,025,000	+4.3%	250,875	-5.8%	3.42%	+14.5%
MCD	Sell	McDonald's Corporation	$6,995,000	-9.3%	60,632	-5.4%	3.40%	-0.4%
BP	Sell	BP PLC ADR	$6,988,000	-7.5%	198,750	-6.5%	3.40%	+1.6%
DIS	Sell	Walt Disney Company	$6,909,000	-10.5%	74,400	-5.8%	3.36%	-1.8%
WM	Sell	Waste Management, Inc.	$6,768,000	-32.1%	106,152	-29.4%	3.29%	-25.5%
DVN	Sell	Devon Energy Corporation	$6,526,000	+15.0%	147,954	-5.5%	3.18%	+26.2%
AGN	Sell	Allergan PLC	$6,335,000	-5.3%	27,505	-5.0%	3.08%	+4.0%
PFE	Sell	Pfizer, Inc.	$5,923,000	-10.7%	174,887	-7.1%	2.88%	-1.9%
CBI	Sell	Chicago Bridge and Iron Company	$2,851,000	-25.4%	101,705	-7.9%	1.39%	-18.1%
SPY	Sell	SPDR S&P 500 ETF	$2,749,000	+3.0%	12,710	-0.2%	1.34%	+13.1%
GLD	Sell	SPDR Gold Trust	$251,000	-61.9%	2,000	-61.5%	0.12%	-58.1%
EMC	Exit	EMC Corporation	$0	–	-308,172	–	-3.71%	–

Q2 2016

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corporation	$10,687,000	–	208,845	–	4.73%	–
GE	New	General Electric Company	$10,541,000	–	334,850	–	4.67%	–
CVS	New	CVS Health Corporation	$10,262,000	–	107,187	–	4.55%	–
WM	New	Waste Management, Inc.	$9,968,000	–	150,417	–	4.42%	–
ABBV	New	AbbVie, Inc.	$9,870,000	–	159,424	–	4.37%	–
BDX	New	Becton Dickinson & Company	$9,846,000	–	58,057	–	4.36%	–
BRKB	New	Berkshire Hathaway Class B	$9,489,000	–	65,539	–	4.20%	–
SDY	New	SPDR S&P Dividend ETF	$9,311,000	–	110,952	–	4.12%	–
INTC	New	Intel Corporation	$9,310,000	–	283,848	–	4.12%	–
JNJ	New	Johnson & Johnson	$8,759,000	–	72,210	–	3.88%	–
CSCO	New	Cisco Systems, Inc.	$8,430,000	–	293,828	–	3.73%	–
EMC	New	EMC Corporation	$8,373,000	–	308,172	–	3.71%	–
AAPL	New	Apple, Inc.	$8,351,000	–	87,355	–	3.70%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$8,095,000	–	67,244	–	3.59%	–
PG	New	Procter & Gamble	$8,044,000	–	95,004	–	3.56%	–
BK	New	The Bank of New York Mellon Corporation	$7,980,000	–	205,393	–	3.54%	–
DIS	New	Walt Disney Company	$7,723,000	–	78,950	–	3.42%	–
MCD	New	McDonald's Corporation	$7,712,000	–	64,082	–	3.42%	–
WMT	New	Wal-Mart Stores, Inc.	$7,705,000	–	105,525	–	3.41%	–
BP	New	BP PLC ADR	$7,552,000	–	212,675	–	3.34%	–
CAT	New	Caterpillar, Inc.	$7,341,000	–	96,828	–	3.25%	–
VLO	New	Valero Energy Corporation	$7,139,000	–	139,975	–	3.16%	–
SYF	New	Synchrony Financial	$6,734,000	–	266,375	–	2.98%	–
AGN	New	Allergan PLC	$6,690,000	–	28,950	–	2.96%	–
PFE	New	Pfizer, Inc.	$6,631,000	–	188,331	–	2.94%	–
DVN	New	Devon Energy Corporation	$5,677,000	–	156,604	–	2.52%	–
CBI	New	Chicago Bridge and Iron Company	$3,824,000	–	110,420	–	1.69%	–
SPY	New	SPDR S&P 500 ETF	$2,668,000	–	12,735	–	1.18%	–
GLD	New	SPDR Gold Trust	$658,000	–	5,200	–	0.29%	–
CVX	New	Chevron Corporation	$121,000	–	1,152	–	0.05%	–
XOM	New	Exxon Mobil Corporation	$119,000	–	1,268	–	0.05%	–
KO	New	Coca Cola Company	$91,000	–	2,004	–	0.04%	–
AXP	New	American Express Company	$30,000	–	500	–	0.01%	–
F	New	Ford Motor Co	$8,000	–	651	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
FAZ	Exit	Direxion Daily ETF	$0	–	-75	–	-0.00%	–
GOOG	Exit	Google Inc Class C	$0	–	-46	–	-0.02%	–
GOOGL	Exit	Google Inc Class A	$0	–	-46	–	-0.02%	–
AXP	Exit	American Express Company	$0	–	-500	–	-0.02%	–
KO	Exit	Coca Cola Company	$0	–	-2,004	–	-0.04%	–
XOM	Exit	Exxon Mobil Corporation	$0	–	-1,156	–	-0.05%	–
CVX	Exit	Chevron Corporation	$0	–	-1,152	–	-0.05%	–
MAT	Exit	Mattel, Inc.	$0	–	-111,000	–	-1.25%	–
SPY	Exit	SPDR S&P 500 ETF	$0	–	-14,525	–	-1.49%	–
DVN	Exit	Devon Energy Corporation	$0	–	-110,414	–	-2.19%	–
BP	Exit	BP PLC ADR	$0	–	-145,684	–	-2.38%	–
CBI	Exit	Chicago Bridge and Iron Company	$0	–	-114,075	–	-2.42%	–
HMC	Exit	Honda Motor Company	$0	–	-160,427	–	-2.57%	–
BRKB	Exit	Berkshire Hathaway Class B	$0	–	-43,254	–	-3.02%	–
ZBH	Exit	Zimmer Biomet Holdings, Inc.	$0	–	-61,693	–	-3.10%	–
PFE	Exit	Pfizer, Inc.	$0	–	-188,249	–	-3.17%	–
CAT	Exit	Caterpillar, Inc.	$0	–	-95,064	–	-3.33%	–
MCD	Exit	McDonald's Corporation	$0	–	-63,088	–	-3.33%	–
WMT	Exit	Wal-Mart Stores, Inc.	$0	–	-99,361	–	-3.45%	–
PG	Exit	Procter & Gamble	$0	–	-91,200	–	-3.51%	–
JNJ	Exit	Johnson & Johnson	$0	–	-70,687	–	-3.53%	–
VLO	Exit	Valero Energy Corporation	$0	–	-122,463	–	-3.94%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-287,504	–	-4.04%	–
EMC	Exit	EMC Corporation	$0	–	-314,325	–	-4.07%	–
AGN	Exit	Allergan PLC	$0	–	-28,075	–	-4.09%	–
WM	Exit	Waste Management, Inc.	$0	–	-155,675	–	-4.15%	–
BK	Exit	The Bank of New York Mellon Corporation	$0	–	-198,897	–	-4.17%	–
BDX	Exit	Becton Dickinson & Company	$0	–	-59,229	–	-4.21%	–
INTC	Exit	Intel Corporation	$0	–	-278,839	–	-4.50%	–
AAPL	Exit	Apple, Inc.	$0	–	-76,262	–	-4.50%	–
SDY	Exit	SPDR S&P Dividend ETF	$0	–	-116,650	–	-4.51%	–
ABBV	Exit	AbbVie, Inc.	$0	–	-155,928	–	-4.54%	–
GE	Exit	General Electric Company	$0	–	-342,606	–	-4.63%	–
CVS	Exit	CVS Health Corporation	$0	–	-91,645	–	-4.74%	–
MSFT	Exit	Microsoft Corporation	$0	–	-210,202	–	-4.98%	–

Q3 2015

			Value		Shares		↓ Weighting
MSFT	Sell	Microsoft Corporation	$9,304,000	-0.1%	210,202	-0.4%	4.98%	+12.0%
CVS	Sell	CVS Health Corporation	$8,842,000	-8.6%	91,645	-0.7%	4.74%	+2.5%
GE	Sell	General Electric Company	$8,641,000	-5.3%	342,606	-0.2%	4.63%	+6.2%
ABBV	Sell	AbbVie, Inc.	$8,484,000	-19.8%	155,928	-1.0%	4.54%	-10.1%
SDY	Sell	SPDR S&P Dividend ETF	$8,417,000	-5.9%	116,650	-0.6%	4.51%	+5.6%
AAPL	Sell	Apple, Inc.	$8,412,000	-12.7%	76,262	-0.8%	4.50%	-2.2%
INTC	Sell	Intel Corporation	$8,404,000	-0.9%	278,839	-0.0%	4.50%	+11.1%
BDX	Sell	Becton Dickinson & Company	$7,857,000	-6.7%	59,229	-0.4%	4.21%	+4.6%
BK	Sell	The Bank of New York Mellon Corporation	$7,787,000	-7.5%	198,897	-0.8%	4.17%	+3.8%
WM	Sell	Waste Management, Inc.	$7,754,000	+6.7%	155,675	-0.7%	4.15%	+19.6%
AGN	Sell	Allergan PLC	$7,631,000	-11.2%	28,075	-0.8%	4.09%	-0.4%
EMC	Sell	EMC Corporation	$7,594,000	-9.0%	314,325	-0.6%	4.07%	+2.0%
CSCO	Sell	Cisco Systems, Inc.	$7,547,000	-4.9%	287,504	-0.5%	4.04%	+6.7%
VLO	Sell	Valero Energy Corporation	$7,360,000	-5.1%	122,463	-1.1%	3.94%	+6.5%
JNJ	Buy	Johnson & Johnson	$6,599,000	-3.9%	70,687	+0.3%	3.53%	+7.7%
PG	Sell	Procter & Gamble	$6,561,000	-8.2%	91,200	-0.2%	3.51%	+2.9%
WMT	Buy	Wal-Mart Stores, Inc.	$6,443,000	-8.3%	99,361	+0.3%	3.45%	+2.8%
MCD	Sell	McDonald's Corporation	$6,216,000	+3.3%	63,088	-0.3%	3.33%	+15.8%
CAT	Buy	Caterpillar, Inc.	$6,213,000	-22.8%	95,064	+0.2%	3.33%	-13.5%
PFE	Sell	Pfizer, Inc.	$5,913,000	-6.9%	188,249	-0.6%	3.17%	+4.5%
ZBH	Buy	Zimmer Biomet Holdings, Inc.	$5,795,000	-14.0%	61,693	+0.1%	3.10%	-3.5%
BRKB	Sell	Berkshire Hathaway Class B	$5,640,000	-6.0%	43,254	-1.9%	3.02%	+5.3%
HMC	Sell	Honda Motor Company	$4,797,000	-8.5%	160,427	-0.8%	2.57%	+2.6%
CBI	Buy	Chicago Bridge and Iron Company	$4,524,000	-20.7%	114,075	+0.0%	2.42%	-11.1%
BP	Buy	BP PLC ADR	$4,452,000	-23.3%	145,684	+0.3%	2.38%	-14.0%
DVN	Buy	Devon Energy Corporation	$4,095,000	-37.3%	110,414	+0.6%	2.19%	-29.7%
SPY	Buy	SPDR S&P 500 ETF	$2,783,000	-5.3%	14,525	+1.7%	1.49%	+6.2%
MAT	Sell	Mattel, Inc.	$2,338,000	-19.0%	111,000	-1.2%	1.25%	-9.1%
ESV	Exit	Ensco PLC	$0	–	-145,500	–	-1.55%	–

Q2 2015

			Value		Shares		↓ Weighting
ABBV	New	AbbVie, Inc.	$10,579,000	–	157,453	–	5.05%	–
CVS	New	CVS Health Corporation	$9,677,000	–	92,270	–	4.62%	–
AAPL	New	Apple, Inc.	$9,640,000	–	76,857	–	4.60%	–
MSFT	New	Microsoft Corporation	$9,314,000	–	210,960	–	4.45%	–
GE	New	General Electric Company	$9,124,000	–	343,381	–	4.36%	–
SDY	New	SPDR S&P Dividend ETF	$8,943,000	–	117,350	–	4.27%	–
AGN	New	Allergan PLC	$8,589,000	–	28,305	–	4.10%	–
INTC	New	Intel Corporation	$8,484,000	–	278,939	–	4.05%	–
BDX	New	Becton Dickinson & Company	$8,422,000	–	59,454	–	4.02%	–
BK	New	The Bank of New York Mellon Corporation	$8,417,000	–	200,547	–	4.02%	–
EMC	New	EMC Corporation	$8,349,000	–	316,375	–	3.99%	–
CAT	New	Caterpillar, Inc.	$8,051,000	–	94,914	–	3.84%	–
CSCO	New	Cisco Systems, Inc.	$7,935,000	–	288,979	–	3.79%	–
VLO	New	Valero Energy Corporation	$7,752,000	–	123,838	–	3.70%	–
WM	New	Waste Management, Inc.	$7,270,000	–	156,850	–	3.47%	–
PG	New	Procter & Gamble	$7,147,000	–	91,350	–	3.41%	–
WMT	New	Wal-Mart Stores, Inc.	$7,029,000	–	99,096	–	3.36%	–
JNJ	New	Johnson & Johnson	$6,868,000	–	70,470	–	3.28%	–
ZBH	New	Zimmer Biomet Holdings, Inc.	$6,735,000	–	61,658	–	3.22%	–
DVN	New	Devon Energy Corporation	$6,531,000	–	109,789	–	3.12%	–
PFE	New	Pfizer, Inc.	$6,348,000	–	189,309	–	3.03%	–
MCD	New	McDonald's Corporation	$6,017,000	–	63,288	–	2.87%	–
BRKB	New	Berkshire Hathaway Class B	$6,003,000	–	44,104	–	2.87%	–
BP	New	BP PLC ADR	$5,803,000	–	145,209	–	2.77%	–
CBI	New	Chicago Bridge and Iron Company	$5,706,000	–	114,020	–	2.72%	–
HMC	New	Honda Motor Company	$5,242,000	–	161,777	–	2.50%	–
ESV	New	Ensco PLC	$3,240,000	–	145,500	–	1.55%	–
SPY	New	SPDR S&P 500 ETF	$2,939,000	–	14,278	–	1.40%	–
MAT	New	Mattel, Inc.	$2,886,000	–	112,325	–	1.38%	–
CVX	New	Chevron Corporation	$111,000	–	1,152	–	0.05%	–
XOM	New	Exxon Mobil Corporation	$96,000	–	1,156	–	0.05%	–
KO	New	Coca Cola Company	$79,000	–	2,004	–	0.04%	–
AXP	New	American Express Company	$39,000	–	500	–	0.02%	–
GOOGL	New	Google, Inc. Class A	$25,000	–	46	–	0.01%	–
GOOG	New	Google, Inc. Class C	$24,000	–	46	–	0.01%	–
FAZ	New	Direxion Daily ETF	$1,000	–	75	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
FAZ	Exit	Direxion Daily ETF	$0	–	-75	–	0.00%	–
VOD	Exit	Vodafone Group PLC ADR	$0	–	-100	–	-0.00%	–
ETN	Exit	Eaton Corporation PLC	$0	–	-100	–	-0.00%	–
GOOGL	Exit	Google, Inc. Class A	$0	–	-46	–	-0.01%	–
GOOG	Exit	Google, Inc. Class C	$0	–	-46	–	-0.01%	–
VOO	Exit	Vanguard S&P 500 ETF New	$0	–	-201	–	-0.02%	–
AXP	Exit	American Express Company	$0	–	-500	–	-0.02%	–
PBA	Exit	Pembina Pipeline Corporation	$0	–	-1,190	–	-0.02%	–
KO	Exit	Coca Cola Company	$0	–	-2,004	–	-0.04%	–
XOM	Exit	Exxon Mobil Corporation	$0	–	-1,156	–	-0.05%	–
CVX	Exit	Chevron Corporation	$0	–	-1,152	–	-0.06%	–
CLF	Exit	Cliffs Natural Resources, Inc.	$0	–	-70,647	–	-0.35%	–
AVP	Exit	Avon Products	$0	–	-84,418	–	-0.50%	–
SPY	Exit	SPDR S&P 500 ETF	$0	–	-15,475	–	-1.44%	–
GE	Exit	General Electric Company	$0	–	-191,565	–	-2.32%	–
HMC	Exit	Honda Motor Company	$0	–	-161,115	–	-2.61%	–
PFE	Exit	Pfizer, Inc.	$0	–	-186,891	–	-2.61%	–
MAT	Exit	Mattel, Inc.	$0	–	-181,725	–	-2.64%	–
VLO	Exit	Valero Energy Corporation	$0	–	-127,029	–	-2.78%	–
BP	Exit	BP PLC ADR	$0	–	-134,306	–	-2.79%	–
MCD	Exit	McDonald's Corporation	$0	–	-62,828	–	-2.82%	–
ZBH	Exit	Zimmer Holdings, Inc.	$0	–	-61,417	–	-2.92%	–
BRKB	Exit	Berkshire Hathaway Class B	$0	–	-45,073	–	-2.94%	–
ESV	Exit	Ensco PLC	$0	–	-161,025	–	-3.15%	–
BDX	Exit	Becton Dickinson & Company	$0	–	-61,356	–	-3.30%	–
JNJ	Exit	Johnson & Johnson	$0	–	-65,536	–	-3.30%	–
DVN	Exit	Devon Energy Corporation	$0	–	-107,339	–	-3.46%	–
DD	Exit	DuPont de Nemours and Company	$0	–	-102,537	–	-3.48%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-292,503	–	-3.48%	–
CBI	Exit	Chicago Bridge and Iron Company	$0	–	-129,310	–	-3.54%	–
WMT	Exit	Wal-Mart Stores, Inc.	$0	–	-97,960	–	-3.54%	–
PG	Exit	Procter & Gamble	$0	–	-90,242	–	-3.58%	–
WM	Exit	Waste Management, Inc.	$0	–	-162,054	–	-3.64%	–
CVS	Exit	CVS Health Corporation	$0	–	-97,135	–	-3.66%	–
AAPL	Exit	Apple, Inc.	$0	–	-81,552	–	-3.89%	–
BK	Exit	The Bank of New York Mellon Corporation	$0	–	-230,697	–	-4.23%	–
SDY	Exit	SPDR S&P Dividend ETF	$0	–	-121,550	–	-4.31%	–
CAT	Exit	Caterpillar, Inc.	$0	–	-92,206	–	-4.32%	–
ABBV	Exit	AbbVie, Inc.	$0	–	-160,650	–	-4.39%	–
EMC	Exit	EMC Corporation	$0	–	-319,875	–	-4.43%	–
MSFT	Exit	Microsoft Corporation	$0	–	-206,279	–	-4.52%	–
INTC	Exit	Intel Corporation	$0	–	-291,214	–	-4.80%	–

Q3 2014

			Value		Shares		↓ Weighting
INTC	Sell	Intel Corporation	$10,140,000	+12.6%	291,214	-0.1%	4.80%	+13.2%
MSFT	Sell	Microsoft Corporation	$9,563,000	+8.6%	206,279	-2.3%	4.52%	+9.2%
EMC	Buy	EMC Corporation	$9,360,000	+11.8%	319,875	+0.6%	4.43%	+12.4%
ABBV	Buy	AbbVie, Inc.	$9,279,000	+2.5%	160,650	+0.2%	4.39%	+3.1%
CAT	Sell	Caterpillar, Inc.	$9,131,000	-12.0%	92,206	-3.5%	4.32%	-11.6%
SDY	Sell	SPDR S&P Dividend ETF	$9,109,000	-2.6%	121,550	-0.4%	4.31%	-2.0%
BK	Sell	The Bank of New York Mellon Corporation	$8,935,000	+2.9%	230,697	-0.4%	4.23%	+3.5%
AAPL	Buy	Apple, Inc.	$8,216,000	+8.7%	81,552	+0.3%	3.89%	+9.3%
CVS	Sell	CVS Health Corporation	$7,731,000	+5.0%	97,135	-0.6%	3.66%	+5.5%
WM	Sell	Waste Management, Inc.	$7,702,000	+6.2%	162,054	-0.0%	3.64%	+6.8%
PG	Sell	Procter & Gamble	$7,557,000	+6.4%	90,242	-0.2%	3.58%	+6.9%
WMT	Sell	Wal-Mart Stores, Inc.	$7,491,000	+1.4%	97,960	-0.4%	3.54%	+2.0%
CBI	New	Chicago Bridge and Iron Company	$7,481,000	–	129,310	–	3.54%	–
CSCO	Sell	Cisco Systems, Inc.	$7,362,000	+1.1%	292,503	-0.2%	3.48%	+1.6%
DD	Buy	DuPont de Nemours and Company	$7,358,000	+10.9%	102,537	+1.2%	3.48%	+11.5%
DVN	Buy	Devon Energy Corporation	$7,318,000	-13.6%	107,339	+0.6%	3.46%	-13.2%
JNJ	Sell	Johnson & Johnson	$6,985,000	-0.8%	65,536	-2.7%	3.30%	-0.3%
BDX	Sell	Becton Dickinson & Company	$6,983,000	-3.8%	61,356	-0.0%	3.30%	-3.3%
ESV	Buy	Ensco PLC	$6,652,000	-24.6%	161,025	+1.4%	3.15%	-24.2%
BRKB	Sell	Berkshire Hathaway Class B	$6,226,000	+0.1%	45,073	-8.3%	2.94%	+0.6%
ZBH	Buy	Zimmer Holdings, Inc.	$6,175,000	-1.6%	61,417	+1.6%	2.92%	-1.2%
MCD	Buy	McDonald's Corporation	$5,957,000	-5.3%	62,828	+0.6%	2.82%	-4.8%
BP	Buy	BP PLC ADR	$5,903,000	-14.6%	134,306	+2.5%	2.79%	-14.1%
VLO	Buy	Valero Energy Corporation	$5,878,000	-6.9%	127,029	+0.8%	2.78%	-6.4%
MAT	Buy	Mattel, Inc.	$5,570,000	-20.1%	181,725	+1.5%	2.64%	-19.7%
PFE	Buy	Pfizer, Inc.	$5,526,000	+2.5%	186,891	+2.9%	2.61%	+3.0%
HMC	Buy	Honda Motor Company	$5,523,000	-0.7%	161,115	+1.4%	2.61%	-0.2%
GE	Buy	General Electric Company	$4,908,000	+1.7%	191,565	+4.3%	2.32%	+2.2%
AVP	Sell	Avon Products	$1,064,000	-23.4%	84,418	-11.2%	0.50%	-23.1%
CLF	Sell	Cliffs Natural Resources, Inc.	$733,000	-41.1%	70,647	-14.6%	0.35%	-40.8%
VOO	New	Vanguard S&P 500 ETF New	$36,000	–	201	–	0.02%	–
ETN	New	Eaton Corporation PLC	$6,000	–	100	–	0.00%	–
VOD	New	Vodafone Group PLC ADR	$3,000	–	100	–	0.00%	–
	Exit	Vodafone Group PLC ADR	$0	–	-100	–	-0.00%	–
UNP	Exit	Union Pacific Corporation	$0	–	-50	–	-0.00%	–
PFG	Exit	Principal Financial Group	$0	–	-265	–	-0.01%	–
MPC	Exit	Marathon Petroleum Corporation	$0	–	-150	–	-0.01%	–
GD	Exit	General Dynamics Corporation	$0	–	-100	–	-0.01%	–
MRO	Exit	Marathon Oil Corporation	$0	–	-300	–	-0.01%	–
PSX	Exit	Phillips 66	$0	–	-260	–	-0.01%	–
GEL	Exit	Genesis Energy LP	$0	–	-500	–	-0.01%	–
T	Exit	AT&T	$0	–	-1,000	–	-0.02%	–
AEP	Exit	American Electric Power	$0	–	-628	–	-0.02%	–
COP	Exit	ConocoPhillips	$0	–	-500	–	-0.02%	–
EPD	Exit	Enterprise Products Partners	$0	–	-580	–	-0.02%	–
PEP	Exit	Pepsico, Inc.	$0	–	-500	–	-0.02%	–
GLD	Exit	SPDR Gold Trust	$0	–	-375	–	-0.02%	–
MRK	Exit	Merck	$0	–	-976	–	-0.03%	–
TNP	Exit	Tsakos Energy Navigation Limited	$0	–	-82,940	–	-0.26%	–
USB	Exit	U.S. Bancorp	$0	–	-110,015	–	-2.24%	–

Q2 2014

			Value		Shares		↓ Weighting
CAT	New	Caterpillar, Inc.	$10,380,000	–	95,521	–	4.88%	–
SDY	New	SPDR S&P Dividend ETF	$9,348,000	–	122,050	–	4.40%	–
ABBV	New	AbbVie, Inc.	$9,052,000	–	160,375	–	4.26%	–
INTC	New	Intel Corporation	$9,008,000	–	291,514	–	4.24%	–
ESV	New	Ensco PLC	$8,825,000	–	158,800	–	4.15%	–
MSFT	New	Microsoft Corporation	$8,802,000	–	211,079	–	4.14%	–
BK	New	The Bank of New York Mellon Corporation	$8,682,000	–	231,647	–	4.09%	–
DVN	New	Devon Energy Corporation	$8,473,000	–	106,709	–	3.99%	–
EMC	New	EMC Corporation	$8,372,000	–	317,825	–	3.94%	–
AAPL	New	Apple, Inc.	$7,556,000	–	81,312	–	3.56%	–
WMT	New	Wal-Mart Stores, Inc.	$7,386,000	–	98,388	–	3.48%	–
CVS	New	CVS Caremark Corporation	$7,363,000	–	97,685	–	3.46%	–
CSCO	New	Cisco Systems, Inc.	$7,284,000	–	293,128	–	3.43%	–
BDX	New	Becton Dickinson & Company	$7,261,000	–	61,381	–	3.42%	–
WM	New	Waste Management, Inc.	$7,252,000	–	162,129	–	3.41%	–
PG	New	Procter & Gamble	$7,104,000	–	90,392	–	3.34%	–
JNJ	New	Johnson & Johnson	$7,044,000	–	67,331	–	3.32%	–
MAT	New	Mattel, Inc.	$6,975,000	–	178,975	–	3.28%	–
BP	New	BP PLC ADR	$6,909,000	–	130,981	–	3.25%	–
DD	New	DuPont de Nemours and Company	$6,633,000	–	101,362	–	3.12%	–
VLO	New	Valero Energy Corporation	$6,314,000	–	126,024	–	2.97%	–
MCD	New	McDonald's Corporation	$6,291,000	–	62,448	–	2.96%	–
ZBH	New	Zimmer Holdings, Inc.	$6,278,000	–	60,447	–	2.96%	–
BRKB	New	Berkshire Hathaway Class B	$6,217,000	–	49,126	–	2.93%	–
HMC	New	Honda Motor Company	$5,561,000	–	158,940	–	2.62%	–
PFE	New	Pfizer, Inc.	$5,390,000	–	181,591	–	2.54%	–
GE	New	General Electric Company	$4,826,000	–	183,640	–	2.27%	–
USB	New	U.S. Bancorp	$4,766,000	–	110,015	–	2.24%	–
SPY	New	SPDR S&P 500 ETF	$3,029,000	–	15,475	–	1.43%	–
AVP	New	Avon Products	$1,389,000	–	95,068	–	0.65%	–
CLF	New	Cliffs Natural Resources, Inc.	$1,245,000	–	82,747	–	0.59%	–
TNP	New	Tsakos Energy Navigation Limited	$555,000	–	82,940	–	0.26%	–
CVX	New	Chevron Corporation	$150,000	–	1,152	–	0.07%	–
XOM	New	Exxon Mobil Corporation	$116,000	–	1,156	–	0.06%	–
KO	New	Coca Cola Company	$85,000	–	2,004	–	0.04%	–
MRK	New	Merck	$56,000	–	976	–	0.03%	–
PBA	New	Pembina Pipeline Corporation	$51,000	–	1,190	–	0.02%	–
GLD	New	SPDR Gold Trust	$48,000	–	375	–	0.02%	–
AXP	New	American Express Company	$47,000	–	500	–	0.02%	–
PEP	New	Pepsico, Inc.	$45,000	–	500	–	0.02%	–
EPD	New	Enterprise Products Partners	$45,000	–	580	–	0.02%	–
COP	New	ConocoPhillips	$43,000	–	500	–	0.02%	–
AEP	New	American Electric Power	$35,000	–	628	–	0.02%	–
T	New	AT&T	$35,000	–	1,000	–	0.02%	–
GOOGL	New	Google, Inc. Class A	$27,000	–	46	–	0.01%	–
GEL	New	Genesis Energy LP	$28,000	–	500	–	0.01%	–
GOOG	New	Google, Inc. Class C	$26,000	–	46	–	0.01%	–
PSX	New	Phillips 66	$21,000	–	260	–	0.01%	–
GD	New	General Dynamics Corporation	$12,000	–	100	–	0.01%	–
PFG	New	Principal Financial Group	$13,000	–	265	–	0.01%	–
MPC	New	Marathon Petroleum Corporation	$12,000	–	150	–	0.01%	–
MRO	New	Marathon Oil Corporation	$12,000	–	300	–	0.01%	–
UNP	New	Union Pacific Corporation	$5,000	–	50	–	0.00%	–
	New	Vodafone Group PLC ADR	$3,000	–	100	–	0.00%	–
FAZ	New	Direxion Daily ETF	$1,000	–	75	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
FAZ	Exit	Direxion Daily ETF	$0	–	-75	–	-0.00%	–
GLW	Exit	Corning, Inc.	$0	–	-250	–	-0.00%	–
LVLT	Exit	Level 3 Communications	$0	–	-140	–	-0.00%	–
TWX	Exit	Time Warner Inc.	$0	–	-66	–	-0.00%	–
DE	Exit	Deere & Company	$0	–	-50	–	-0.00%	–
NI	Exit	Nisource, Inc. Holding Company	$0	–	-200	–	-0.00%	–
EMR	Exit	Emerson Electric Company	$0	–	-100	–	-0.00%	–
TE	Exit	Teco Energy, Inc.	$0	–	-500	–	-0.01%	–
UIL	Exit	UIL Holdings Corporation	$0	–	-250	–	-0.01%	–
MRO	Exit	Marathon Oil Corporation	$0	–	-300	–	-0.01%	–
GD	Exit	General Dynamics Corporation	$0	–	-100	–	-0.01%	–
HUM	Exit	Humana, Inc.	$0	–	-100	–	-0.01%	–
EROC	Exit	Eagle Rock Energy Partners	$0	–	-1,200	–	-0.01%	–
MPC	Exit	Marathon Petroleum Corporation	$0	–	-150	–	-0.01%	–
LUMN	Exit	Centurylink, Inc.	$0	–	-291	–	-0.01%	–
ACAS	Exit	American Capital Limited	$0	–	-956	–	-0.01%	–
PSX	Exit	Phillips 66	$0	–	-260	–	-0.01%	–
GEL	Exit	Genesis Energy LP	$0	–	-500	–	-0.02%	–
AEP	Exit	American Electric Power	$0	–	-628	–	-0.02%	–
RWX	Exit	SPDR Dow Jones Intl. Real Estate ETF	$0	–	-639	–	-0.02%	–
SLB	Exit	Schlumberger Limited	$0	–	-300	–	-0.02%	–
EPD	Exit	Enterprise Products Partners	$0	–	-580	–	-0.02%	–
AXP	Exit	American Express Company	$0	–	-500	–	-0.02%	–
PBA	Exit	Pembina Pipeline Corporation	$0	–	-1,190	–	-0.02%	–
PEP	Exit	Pepsico, Inc.	$0	–	-500	–	-0.02%	–
GOOGL	Exit	Google, Inc. Class A	$0	–	-46	–	-0.02%	–
DUK	Exit	Duke Energy Corporation	$0	–	-666	–	-0.03%	–
COP	Exit	ConocoPhillips	$0	–	-622	–	-0.03%	–
MRK	Exit	Merck	$0	–	-976	–	-0.03%	–
GLD	Exit	SPDR Gold Trust	$0	–	-375	–	-0.03%	–
T	Exit	AT&T	$0	–	-1,586	–	-0.03%	–
CL	Exit	Colgate Palmolive	$0	–	-1,200	–	-0.04%	–
KO	Exit	Coca Cola Company	$0	–	-2,104	–	-0.05%	–
XOM	Exit	Exxon Mobil Corporation	$0	–	-1,156	–	-0.06%	–
CVX	Exit	Chevron Corporation	$0	–	-1,175	–	-0.09%	–
TNP	Exit	Tsakos Energy Navigation Limited	$0	–	-122,865	–	-0.40%	–
CLF	Exit	Cliffs Natural Resources, Inc.	$0	–	-111,672	–	-1.42%	–
AVP	Exit	Avon Products	$0	–	-122,743	–	-1.57%	–
BK	Exit	The Bank of New York Mellon Corporation	$0	–	-102,517	–	-1.92%	–
VLO	Exit	Valero Energy Corporation	$0	–	-95,911	–	-2.03%	–
USB	Exit	U.S. Bancorp	$0	–	-112,995	–	-2.56%	–
GE	Exit	General Electric Company	$0	–	-174,191	–	-2.58%	–
ZBH	Exit	Zimmer Holdings, Inc.	$0	–	-60,037	–	-3.06%	–
PFE	Exit	Pfizer, Inc.	$0	–	-175,736	–	-3.13%	–
AAPL	Exit	Apple, Inc.	$0	–	-10,667	–	-3.15%	–
BP	Exit	BP PLC ADR	$0	–	-121,028	–	-3.15%	–
HMC	Exit	Honda Motor Company	$0	–	-137,715	–	-3.26%	–
CVS	Exit	CVS Caremark Corporation	$0	–	-98,684	–	-3.47%	–
INTC	Exit	Intel Corporation	$0	–	-250,073	–	-3.55%	–
BRKB	Exit	Berkshire Hathaway Class B	$0	–	-51,452	–	-3.62%	–
DVN	Exit	Devon Energy Corporation	$0	–	-102,189	–	-3.66%	–
MCD	Exit	McDonald's Corporation	$0	–	-61,423	–	-3.66%	–
JNJ	Exit	Johnson & Johnson	$0	–	-68,881	–	-3.70%	–
DD	Exit	DuPont de Nemours and Company	$0	–	-102,037	–	-3.70%	–
MMM	Exit	3M Company	$0	–	-51,895	–	-3.84%	–
BDX	Exit	Becton Dickinson & Company	$0	–	-62,556	–	-3.88%	–
WM	Exit	Waste Management, Inc.	$0	–	-154,879	–	-3.96%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-274,978	–	-4.00%	–
TTE	Exit	Total S.A.	$0	–	-112,350	–	-4.03%	–
WMT	Exit	Wal-Mart Stores, Inc.	$0	–	-89,643	–	-4.11%	–
CAT	Exit	Caterpillar, Inc.	$0	–	-79,702	–	-4.12%	–
PG	Exit	Procter & Gamble	$0	–	-88,986	–	-4.17%	–
MAT	Exit	Mattel, Inc.	$0	–	-171,675	–	-4.46%	–
MSFT	Exit	Microsoft Corporation	$0	–	-218,429	–	-4.51%	–
SDY	Exit	SPDR S&P Dividend ETF	$0	–	-109,200	–	-4.67%	–

Q3 2013

			Value		Shares		↓ Weighting
SDY	Sell	SPDR S&P Dividend ETF	$7,528,000	+1.2%	109,200	-2.7%	4.67%	-1.0%
MSFT	Sell	Microsoft Corporation	$7,269,000	-4.5%	218,429	-0.9%	4.51%	-6.5%
MAT	New	Mattel, Inc.	$7,190,000	–	171,675	–	4.46%	–
PG	Sell	Procter & Gamble	$6,726,000	-2.8%	88,986	-1.0%	4.17%	-4.9%
CAT	Sell	Caterpillar, Inc.	$6,647,000	+0.5%	79,702	-0.6%	4.12%	-1.7%
WMT	Sell	Wal-Mart Stores, Inc.	$6,630,000	-1.7%	89,643	-1.0%	4.11%	-3.8%
TTE	Sell	Total S.A.	$6,507,000	+17.5%	112,350	-1.2%	4.03%	+15.0%
CSCO	Sell	Cisco Systems, Inc.	$6,443,000	-4.5%	274,978	-0.9%	4.00%	-6.6%
WM	Sell	Waste Management, Inc.	$6,387,000	+1.3%	154,879	-0.9%	3.96%	-0.8%
BDX	Sell	Becton Dickinson & Company	$6,257,000	+0.2%	62,556	-1.0%	3.88%	-1.9%
MMM	Sell	3M Company	$6,197,000	+7.5%	51,895	-1.6%	3.84%	+5.2%
DD	Sell	DuPont de Nemours and Company	$5,975,000	+10.5%	102,037	-0.9%	3.70%	+8.1%
JNJ	Sell	Johnson & Johnson	$5,971,000	+0.6%	68,881	-0.4%	3.70%	-1.6%
MCD	Sell	McDonald's Corporation	$5,910,000	-2.9%	61,423	-0.1%	3.66%	-5.0%
DVN	Sell	Devon Energy Corporation	$5,902,000	+10.3%	102,189	-0.9%	3.66%	+7.9%
BRKB	Sell	Berkshire Hathaway Class B	$5,840,000	-0.4%	51,452	-1.8%	3.62%	-2.5%
INTC	Sell	Intel Corporation	$5,732,000	-6.3%	250,073	-1.0%	3.55%	-8.3%
CVS	Sell	CVS Caremark Corporation	$5,600,000	-1.9%	98,684	-1.2%	3.47%	-4.0%
HMC	Sell	Honda Motor Company	$5,252,000	+1.9%	137,715	-0.5%	3.26%	-0.3%
BP	Sell	BP PLC ADR	$5,087,000	-0.4%	121,028	-1.1%	3.15%	-2.5%
AAPL	Sell	Apple, Inc.	$5,085,000	+18.2%	10,667	-1.7%	3.15%	+15.7%
PFE	Sell	Pfizer, Inc.	$5,048,000	+1.5%	175,736	-1.0%	3.13%	-0.6%
ZBH	Sell	Zimmer Holdings, Inc.	$4,931,000	+8.2%	60,037	-1.3%	3.06%	+5.9%
GE	Sell	General Electric Company	$4,161,000	+1.6%	174,191	-1.4%	2.58%	-0.6%
VLO	Sell	Valero Energy Corporation	$3,275,000	-2.7%	95,911	-0.9%	2.03%	-4.8%
BK	Sell	The Bank of New York Mellon Corporation	$3,095,000	+6.0%	102,517	-1.6%	1.92%	+3.7%
AVP	Sell	Avon Products	$2,529,000	-3.1%	122,743	-1.1%	1.57%	-5.2%
CLF	Sell	Cliffs Natural Resources, Inc.	$2,289,000	+24.8%	111,672	-1.0%	1.42%	+22.1%
TNP	Sell	Tsakos Energy Navigation Limited	$640,000	+9.0%	122,865	-0.2%	0.40%	+6.7%
PBA	New	Pembina Pipeline Corporation	$39,000	–	1,190	–	0.02%	–
EPD	New	Enterprise Products Partners	$35,000	–	580	–	0.02%	–
GEL	New	Genesis Energy LP	$25,000	–	500	–	0.02%	–
ACAS	New	American Capital Limited	$13,000	–	956	–	0.01%	–
HUM	New	Humana, Inc.	$9,000	–	100	–	0.01%	–
GD	New	General Dynamics Corporation	$9,000	–	100	–	0.01%	–
LUMN	New	Centurylink, Inc.	$9,000	–	291	–	0.01%	–
UIL	New	UIL Holdings Corporation	$9,000	–	250	–	0.01%	–
EROC	New	Eagle Rock Energy Partners	$9,000	–	1,200	–	0.01%	–
MRO	New	Marathon Oil Corporation	$10,000	–	300	–	0.01%	–
MPC	New	Marathon Petroleum Corporation	$10,000	–	150	–	0.01%	–
TE	New	Teco Energy, Inc.	$8,000	–	500	–	0.01%	–
EMR	New	Emerson Electric Company	$6,000	–	100	–	0.00%	–
NI	New	Nisource, Inc. Holding Company	$6,000	–	200	–	0.00%	–
GLW	New	Corning, Inc.	$4,000	–	250	–	0.00%	–
TWX	New	Time Warner Inc.	$4,000	–	66	–	0.00%	–
DE	New	Deere & Company	$4,000	–	50	–	0.00%	–
NQU	Exit	Nuveen Quality Income Muni Fund	$0	–	-700	–	-0.01%	–
CELG	Exit	Celgene Corporation	$0	–	-100	–	-0.01%	–
NIO	Exit	Nuveen Insured Muni Opportunity Fund	$0	–	-1,000	–	-0.01%	–
NQS	Exit	Nuveen Select Quality Muni Fund	$0	–	-1,100	–	-0.01%	–
NPP	Exit	Nuveen Performance Plus Muni Fund	$0	–	-2,970	–	-0.03%	–
BA	Exit	Boeing Company	$0	–	-67,582	–	-4.39%	–

Q2 2013

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corporation	$7,612,000	–	220,354	–	4.82%	–
SDY	New	SPDR S&P Dividend ETF	$7,439,000	–	112,200	–	4.71%	–
BA	New	Boeing Company	$6,923,000	–	67,582	–	4.39%	–
PG	New	Procter & Gamble	$6,920,000	–	89,886	–	4.38%	–
CSCO	New	Cisco Systems, Inc.	$6,750,000	–	277,378	–	4.28%	–
WMT	New	Wal-Mart Stores, Inc.	$6,744,000	–	90,533	–	4.27%	–
CAT	New	Caterpillar, Inc.	$6,617,000	–	80,212	–	4.19%	–
WM	New	Waste Management, Inc.	$6,302,000	–	156,254	–	3.99%	–
BDX	New	Becton Dickinson & Company	$6,242,000	–	63,156	–	3.95%	–
INTC	New	Intel Corporation	$6,119,000	–	252,523	–	3.88%	–
MCD	New	McDonald's Corporation	$6,087,000	–	61,488	–	3.86%	–
JNJ	New	Johnson & Johnson	$5,937,000	–	69,146	–	3.76%	–
BRKB	New	Berkshire Hathaway Class B	$5,862,000	–	52,377	–	3.71%	–
MMM	New	3M Company	$5,765,000	–	52,720	–	3.65%	–
CVS	New	CVS Caremark Corporation	$5,708,000	–	99,834	–	3.62%	–
TTE	New	Total S.A.	$5,537,000	–	113,700	–	3.51%	–
DD	New	DuPont de Nemours and Company	$5,406,000	–	102,962	–	3.42%	–
DVN	New	Devon Energy Corporation	$5,351,000	–	103,139	–	3.39%	–
HMC	New	Honda Motor Company	$5,155,000	–	138,390	–	3.27%	–
BP	New	BP PLC ADR	$5,108,000	–	122,378	–	3.24%	–
PFE	New	Pfizer, Inc.	$4,973,000	–	177,536	–	3.15%	–
ZBH	New	Zimmer Holdings, Inc.	$4,557,000	–	60,812	–	2.89%	–
AAPL	New	Apple, Inc.	$4,303,000	–	10,852	–	2.73%	–
GE	New	General Electric Company	$4,096,000	–	176,641	–	2.60%	–
USB	New	U.S. Bancorp	$4,085,000	–	112,995	–	2.59%	–
VLO	New	Valero Energy Corporation	$3,366,000	–	96,811	–	2.13%	–
BK	New	The Bank of New York Mellon Corporation	$2,921,000	–	104,142	–	1.85%	–
AVP	New	Avon Products	$2,611,000	–	124,143	–	1.65%	–
CLF	New	Cliffs Natural Resources, Inc.	$1,834,000	–	112,847	–	1.16%	–
TNP	New	Tsakos Energy Navigation Limited	$587,000	–	123,065	–	0.37%	–
CVX	New	Chevron Corporation	$139,000	–	1,175	–	0.09%	–
XOM	New	Exxon Mobil Corporation	$104,000	–	1,156	–	0.07%	–
KO	New	Coca Cola Company	$84,000	–	2,104	–	0.05%	–
CL	New	Colgate Palmolive	$69,000	–	1,200	–	0.04%	–
T	New	AT&T	$56,000	–	1,586	–	0.04%	–
MRK	New	Merck	$45,000	–	976	–	0.03%	–
GLD	New	SPDR Gold Trust	$45,000	–	375	–	0.03%	–
DUK	New	Duke Energy Corporation	$45,000	–	666	–	0.03%	–
NPP	New	Nuveen Performance Plus Muni Fund	$43,000	–	2,970	–	0.03%	–
PEP	New	Pepsico, Inc.	$41,000	–	500	–	0.03%	–
GOOGL	New	Google, Inc. Class A	$40,000	–	46	–	0.02%	–
COP	New	ConocoPhillips	$38,000	–	622	–	0.02%	–
AXP	New	American Express Company	$37,000	–	500	–	0.02%	–
AEP	New	American Electric Power	$28,000	–	628	–	0.02%	–
RWX	New	SPDR Dow Jones Intl. Real Estate ETF	$25,000	–	639	–	0.02%	–
SLB	New	Schlumberger Limited	$21,000	–	300	–	0.01%	–
NQS	New	Nuveen Select Quality Muni Fund	$15,000	–	1,100	–	0.01%	–
PSX	New	Phillips 66	$15,000	–	260	–	0.01%	–
NIO	New	Nuveen Insured Muni Opportunity Fund	$14,000	–	1,000	–	0.01%	–
CELG	New	Celgene Corporation	$12,000	–	100	–	0.01%	–
NQU	New	Nuveen Quality Income Muni Fund	$9,000	–	700	–	0.01%	–
LVLT	New	Level 3 Communications	$3,000	–	140	–	0.00%	–
FAZ	New	Direxion Daily ETF	$3,000	–	75	–	0.00%	–

Compare quarters

Export Westchester Capital Management, Inc.'s holdings