Grace Capital Activity Q2 2008-Q4 2021

Q4 2021

			Value		Shares		↓ Weighting
AAPL	Buy	APPLE INC	$8,798,000	+23.6%	49,547	+2.2%	5.22%	+19.3%
MDB	Sell	MONGODB INC	$6,386,000	+1.7%	12,064	-0.8%	3.79%	-1.9%
	Sell	ADYEN N V SHS	$5,769,000	-19.7%	2,219	-3.1%	3.42%	-22.5%
TPL	Buy	TEXAS PACIFIC LAND CORPORATION COM	$5,245,000	+1.4%	4,200	+5.0%	3.11%	-2.2%
SPY	Buy	SPDR S&P 500 ETF TR	$5,181,000	+20.9%	10,909	+9.3%	3.08%	+16.7%
AMZN	Buy	AMAZON COM INC	$5,071,000	+289.2%	1,521	+0.5%	3.01%	+275.8%
VCR	Buy	VANGUARD WORLD FDS	$4,428,000	+472.1%	21,913	+777.6%	2.63%	+452.3%
LLY	Buy	LILLY ELI & CO COM	$3,900,000	+14.3%	14,118	+1.4%	2.32%	+10.3%
GBT	Buy	GLOBAL BLOOD THERAPEUTICS INC COM	$3,833,000	-3.5%	130,949	+1.8%	2.28%	-6.8%
GOOG	Sell	ALPHABET INC CLASS A	$3,781,000	-0.5%	1,305	-5.9%	2.24%	-4.0%
MGK	Buy	VANGUARD MEGA CAP GROWTH ETF	$3,051,000	+11.3%	11,700	+6.4%	1.81%	+7.4%
FB	Buy	META PLATFORMS INC CL A	$2,523,000	+6.6%	7,500	+4.2%	1.50%	+2.9%
GOOGL	Buy	ALPHABET INC	$2,217,000	+84.0%	766	+72.5%	1.32%	+77.6%
TSLA	New	TESLA MOTORS INC	$1,992,000	–	1,885	–	1.18%	–
CVS	Buy	CVS HEALTH CORP COM	$1,914,000	+24.7%	18,553	+6.0%	1.14%	+20.3%
MRVL	Buy	MARVELL TECHNOLOGY INC COM	$1,881,000	+42.5%	21,500	+10.3%	1.12%	+37.6%
MSFT	Buy	MICROSOFT	$1,829,000	+21.2%	5,438	+2.6%	1.09%	+17.0%
IYK	Buy	ISHARES DOW JONES US CONSUMER GOODS	$1,828,000	+15.0%	9,134	+5.8%	1.08%	+11.1%
MSGS	Buy	MADISON SQUARE GRDN SPRT CORP CL A	$1,792,000	-1.7%	17,100	+2.4%	1.06%	-5.1%
CDAY	Sell	CERIDIAN HCM HLDG INC COM	$1,724,000	-26.6%	16,500	-9.3%	1.02%	-29.2%
	New	JUNIPER NETWORKS	$1,712,000	–	218,110	–	1.02%	–
ARCC	Sell	ARES CAPITAL CORP COM	$1,663,000	-20.7%	78,500	-20.3%	0.99%	-23.5%
IRDM	Buy	IRIDIUM COMMUNICATIONS INC COM	$1,652,000	+6.6%	40,000	+5.3%	0.98%	+2.9%
V	Buy	VISA INC	$1,620,000	+5.5%	7,475	+12.1%	0.96%	+1.9%
BBIO	Buy	BRIDGEBIO PHARMA INC COM	$1,405,000	-64.8%	84,250	+2.3%	0.83%	-66.0%
JNJ	Buy	JOHNSON & JOHNSON	$1,405,000	+9.9%	8,214	+5.1%	0.83%	+6.1%
UNP	Buy	UNION PAC CORP COM	$1,330,000	+42.7%	5,278	+36.1%	0.79%	+37.9%
LQD	Sell	ISHARES TR	$1,314,000	-22.8%	9,915	-22.5%	0.78%	-25.4%
NVDA	Buy	NVIDIA CORPORATION COM	$1,294,000	+74.6%	4,400	+37.5%	0.77%	+68.4%
DIS	Buy	DISNEY WALT CO	$1,082,000	-9.0%	6,987	+0.6%	0.64%	-12.2%
YUM	Buy	YUM BRANDS INC COM	$1,069,000	+24.9%	7,700	+13.2%	0.64%	+20.7%
YUMC	Buy	YUM CHINA HLDGS INC COM	$1,022,000	-8.8%	20,500	+10.2%	0.61%	-11.9%
ABC	Buy	AMERISOURCEBERGEN CORP COM	$983,000	+11.3%	7,400	+2.8%	0.58%	+7.6%
QQQ	Buy	INVESCO QQQ TR	$983,000	+24.6%	2,470	+12.0%	0.58%	+20.4%
RKUNY	Buy	RAKUTEN GROUP INC ADR	$875,000	-3.1%	87,500	+7.4%	0.52%	-6.5%
PFE	Buy	PFIZER INC	$859,000	+88.4%	14,552	+37.6%	0.51%	+82.1%
NEO	Buy	NEOGENOMICS INC COM NEW	$850,000	+105.8%	24,900	+173.6%	0.50%	+98.8%
WMT	Sell	WALMART INC	$849,000	+1.8%	5,870	-0.7%	0.50%	-1.8%
MDT	Buy	MEDTRONIC PLC SHS	$848,000	-10.8%	8,200	+6.5%	0.50%	-14.0%
EMLP	Buy	FIRST TRUST NORTH AMERICAN ENERGY INFRASTRUCTURE FUND	$791,000	+13.0%	31,700	+15.3%	0.47%	+9.0%
MO	Buy	ALTRIA GROUP INC COM	$782,000	+5.2%	16,500	+6.5%	0.46%	+1.5%
SBAC	Buy	SBA COMMUNICATIONS CP	$778,000	+71.4%	2,000	+53.8%	0.46%	+65.6%
PLRX	Buy	PLIANT THERAPEUTICS INC	$776,000	-4.0%	57,471	+19.6%	0.46%	-7.2%
MCD	Buy	MCDONALDS CORP COM	$751,000	+31.8%	2,800	+16.7%	0.45%	+27.1%
CBOE	Buy	CBOE GLOBAL MKTS INC COM	$717,000	+13.1%	5,500	+12.2%	0.43%	+9.2%
XLE	Buy	SELECT SECTOR SPDR TR	$715,000	+73.1%	11,340	+168.7%	0.42%	+66.9%
PM	Buy	PHILIP MORRIS INTL INC	$703,000	+7.2%	7,400	+8.8%	0.42%	+3.5%
CCI	Buy	CROWN CASTLE INTL CORP NEW	$687,000	+22.0%	3,291	+1.4%	0.41%	+17.9%
HD	Sell	HOME DEPOT	$665,000	-9.2%	1,602	-20.7%	0.40%	-12.2%
DHR	Buy	DANAHER CORP	$665,000	+11.6%	2,021	+3.6%	0.40%	+7.6%
CRWD	Buy	CROWDSTRIKE HLDGS INC CL A	$655,000	-13.4%	3,200	+18.5%	0.39%	-16.3%
JPM	Buy	JPMORGAN CHASE & CO	$650,000	+10.4%	4,107	+14.1%	0.39%	+6.6%
ADBE	Sell	ADOBE SYSTEMS INCORPORATED	$616,000	-11.7%	1,086	-10.4%	0.37%	-14.7%
PTON	Sell	PELOTON INTERACTIVE INC CL A COM	$611,000	-66.2%	17,100	-8.6%	0.36%	-67.3%
BKEPP	New	BLUEKNIGHT ENERGY PARTNERS L	$607,000	–	73,385	–	0.36%	–
NSA	Sell	NATIONAL STORAGE AFFILIATES	$605,000	+15.9%	8,740	-11.5%	0.36%	+11.8%
PNC	Buy	PNC FINL SVCS GROUP INC	$604,000	+7.1%	3,011	+4.4%	0.36%	+3.5%
COST	Sell	COSTCO WHSL CORP NEW	$586,000	+17.9%	1,033	-6.5%	0.35%	+13.7%
SHW	Buy	SHERWIN WILLIAMS CO	$577,000	+43.2%	1,639	+13.8%	0.34%	+38.3%
GGG	Buy	GRACO INC	$543,000	+17.0%	6,734	+1.6%	0.32%	+13.0%
XOM	Buy	EXXON MOBIL CORP COM	$538,000	+10.0%	8,800	+15.8%	0.32%	+6.0%
BABA	Sell	ALIBABA GROUP HLDG LTD SPONSORED ADS	$523,000	-40.6%	4,400	-12.0%	0.31%	-42.8%
UPS	Buy	UNITED PARCEL SERVICE INC CL B	$493,000	+27.4%	2,300	+21.1%	0.29%	+23.1%
EW	Buy	EDWARDS LIFESCIENCES CORP	$484,000	+21.0%	3,738	+5.9%	0.29%	+16.7%
PYPL	Buy	PAYPAL HLDGS INC COM	$453,000	+7.9%	2,400	+41.2%	0.27%	+4.3%
ABBV	Buy	ABBVIE INC COM	$379,000	+58.6%	2,800	+27.3%	0.22%	+53.1%
DLR	Sell	DIGITAL REALTY TRUST INC	$375,000	+21.8%	2,124	-0.5%	0.22%	+18.0%
NSC	New	NORFOLK SOUTHERN CRP	$361,000	–	1,211	–	0.21%	–
PSX	Buy	PHILLIPS 66	$348,000	+9.4%	4,800	+405.3%	0.21%	+5.6%
IPGP	Buy	IPG PHOTONICS CORP COM	$327,000	+28.2%	1,900	+18.8%	0.19%	+23.6%
EMQQ	Buy	EMQQ THE EMERGING MARKETS INTERNET AND ECOMMERCE ETF	$307,000	-49.4%	7,150	+22.2%	0.18%	-51.2%
PFFD	Buy	GLOBAL X FDS	$303,000	+27.3%	11,780	+27.4%	0.18%	+23.3%
WAT	Buy	WATERS CP	$298,000	+16.0%	800	+14.3%	0.18%	+12.0%
CHCO	Buy	CITY HLDG CO	$296,000	+8.8%	3,620	+3.7%	0.18%	+5.4%
WY	Buy	WEYERHAEUSER CO MTN BE COM NEW	$292,000	+40.4%	7,100	+29.1%	0.17%	+35.2%
CRM	Sell	SALESFORCE COM INC	$276,000	-11.3%	1,085	-5.5%	0.16%	-14.1%
IMGN	Buy	IMMUNOGEN INC COM	$275,000	+67.7%	37,000	+32.1%	0.16%	+61.4%
OKTA	Buy	OKTA INC	$275,000	-4.2%	1,228	+1.6%	0.16%	-7.9%
USPH	Sell	U S PHYSICAL THERAPY	$257,000	-16.0%	2,690	-2.8%	0.15%	-18.6%
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$247,000	–	5,310	–	0.15%	–
VNT	Buy	VONTIER CORPORATION COM	$237,000	+11.8%	7,700	+24.2%	0.14%	+8.5%
CQP	Buy	CHENIERE ENERGY PARTNERS LP	$230,000	+10.0%	5,448	+5.8%	0.14%	+6.2%
CAT	Buy	CATERPILLAR INC COM	$227,000	+40.1%	1,100	+37.5%	0.14%	+35.0%
AVY	Buy	AVERY DENNISON CORP	$222,000	+11.0%	1,023	+6.2%	0.13%	+7.3%
VZIO	Sell	VIZIO HLDG CORP	$212,000	-13.8%	10,920	-5.5%	0.13%	-16.6%
IIPR	Sell	INNOVATIVE INDL PPTYS INC	$210,000	+5.5%	798	-7.3%	0.12%	+2.5%
HSY	New	HERSHEY CO COM	$203,000	–	1,050	–	0.12%	–
EEM	Exit	ISHARES MSCI EMERGING MARKETS ETF	$0	–	-3,000	–	-0.10%	–
SE	Exit	SEA LTD	$0	–	-548	–	-0.11%	–
PEAK	Exit	HEALTH CARE PPTY INVS INC	$0	–	-5,176	–	-0.11%	–
ARKF	Exit	ARK FINTECH INNOVATION ETF	$0	–	-3,300	–	-0.11%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-811	–	-0.11%	–
RDY	Exit	DR REDDYS LABS LTD ADR	$0	–	-3,000	–	-0.11%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-4,365	–	-0.11%	–
NRIX	Exit	NURIX THERAPEUTICS INC COM	$0	–	-6,727	–	-0.12%	–
LX	Exit	LEXINFINTECH HLDGS LTD ADR	$0	–	-32,100	–	-0.12%	–
PRG	Exit	PROG HOLDINGS INC COM NPV	$0	–	-4,200	–	-0.12%	–
VDC	Exit	VANGUARD WORLD FDS	$0	–	-1,139	–	-0.12%	–
QRTEA	Exit	QURATE RETAIL INC COM SER A	$0	–	-20,000	–	-0.13%	–
LOW	Exit	LOWES COS INC COM	$0	–	-1,135	–	-0.15%	–
VFH	Exit	VANGUARD WORLD FDS	$0	–	-2,705	–	-0.15%	–
ROKU	Exit	ROKU INC	$0	–	-1,340	–	-0.26%	–
VGSH	Exit	VANGUARD SCOTTSDALE FDS	$0	–	-7,300	–	-0.28%	–
XLRN	Exit	ACCELERON PHARMA CONTRA DO NOT SELL	$0	–	-4,000	–	-0.43%	–
VOX	Exit	VANGUARD WORLD FDS	$0	–	-5,421	–	-0.47%	–
VGT	Exit	VANGUARD WORLD FDS	$0	–	-1,990	–	-0.49%	–
TIP	Exit	ISHARES TIPS BOND ETF	$0	–	-6,908	–	-0.55%	–
VHT	Exit	VANGUARD WORLD FDS	$0	–	-3,661	–	-0.56%	–
JNK	Exit	SPDR BLOOMBERG HIGH YIELD BOND ETF	$0	–	-8,417	–	-0.56%	–
SRLN	Exit	SPDR BLACKSTONE SENIOR LOAN ETF	$0	–	-20,008	–	-0.56%	–
VNQ	Exit	VANGUARD REAL ESTATE ETF	$0	–	-8,614	–	-0.58%	–

Q3 2021

			Value		Shares		↓ Weighting
	Buy	ADYEN N V SHS	$7,183,000	+39.9%	2,290	+10.1%	4.42%	+28.5%
AAPL	Buy	APPLE INC	$7,117,000	+10.6%	48,461	+3.2%	4.38%	+1.6%
MDB	Buy	MONGODB INC CL A	$6,281,000	+53.6%	12,161	+7.5%	3.86%	+41.0%
TPL	Buy	TEXAS PACIFIC LAND CORPORATION COM	$5,175,000	-16.9%	4,000	+2.7%	3.18%	-23.7%
SPY	Buy	SPDR S&P 500 ETF TR	$4,285,000	+2.2%	9,985	+1.9%	2.64%	-6.1%
BBIO	Buy	BRIDGEBIO PHARMA INC COM	$3,990,000	-15.4%	82,350	+6.5%	2.45%	-22.3%
GBT	Buy	GLOBAL BLOOD THERAPEUTICS INC COM	$3,970,000	-10.2%	128,649	+1.9%	2.44%	-17.5%
GOOG	Buy	ALPHABET INC CLASS A	$3,801,000	+26.0%	1,387	+12.3%	2.34%	+15.7%
SAFT	Buy	SAFETY INSURANCE GROUP IN	$3,688,000	+755.7%	45,387	+725.2%	2.27%	+684.8%
FB	Buy	FACEBOOK INC CL A	$2,367,000	-1.3%	7,200	+4.3%	1.46%	-9.4%
CDAY	Buy	CERIDIAN HCM HLDG INC COM	$2,348,000	+38.3%	18,200	+2.8%	1.44%	+27.0%
ARCC	Sell	ARES CAPITAL CORP COM	$2,098,000	-0.4%	98,500	-8.4%	1.29%	-8.5%
MSGS	Buy	MADISON SQUARE GRDN SPRT CORP CL A	$1,823,000	+1.0%	16,700	+5.7%	1.12%	-7.3%
LQD	New	ISHARES TR	$1,701,000	–	12,787	–	1.05%	–
IYK	Buy	ISHARES DOW JONES US CONSUMER GOODS	$1,589,000	+0.5%	8,634	+0.4%	0.98%	-7.7%
IRDM	Buy	IRIDIUM COMMUNICATIONS INC COM	$1,550,000	+7.6%	38,000	+5.6%	0.95%	-1.1%
V	Buy	VISA INC	$1,535,000	+8.6%	6,671	+10.3%	0.94%	-0.3%
CVS	Buy	CVS HEALTH CORP COM	$1,535,000	+26.9%	17,503	+20.7%	0.94%	+16.5%
ACN	Buy	ACCENTURE PLC IRELAND SHS CLASS A	$1,532,000	+73.3%	4,447	+48.2%	0.94%	+59.1%
MSFT	Buy	MICROSOFT	$1,509,000	+6.0%	5,302	+0.9%	0.93%	-2.7%
MRVL	Buy	MARVELL TECHNOLOGY INC COM	$1,320,000	+37.1%	19,500	+18.1%	0.81%	+25.9%
AMZN	Buy	AMAZON.COM INC	$1,303,000	-73.1%	1,513	+7.3%	0.80%	-75.3%
JNJ	Buy	JOHNSON & JOHNSON COM	$1,278,000	+5.0%	7,812	+5.7%	0.79%	-3.6%
GOOGL	Sell	ALPHABET INC CAP STK CL C	$1,205,000	-5.2%	444	-13.1%	0.74%	-12.9%
DIS	Buy	DISNEY WALT CO COM	$1,189,000	+19.7%	6,947	+22.9%	0.73%	+9.9%
YUMC	Buy	YUM CHINA HLDGS INC COM	$1,121,000	+1.9%	18,600	+12.0%	0.69%	-6.5%
SWKS	Buy	SKYWORKS SOLUTIONS INC COM	$1,057,000	+2.1%	6,400	+18.5%	0.65%	-6.2%
MDT	Buy	MEDTRONIC PLC SHS	$951,000	+9.4%	7,700	+10.0%	0.58%	+0.5%
VRNT	Buy	VERINT SYS INC COM	$947,000	+10.6%	20,400	+7.4%	0.58%	+1.6%
VNQ	Buy	VANGUARD REAL ESTATE ETF	$942,000	+166.9%	8,614	+148.2%	0.58%	+145.3%
DVY	Sell	ISHARES DJ SELECT DIVIDEND	$932,000	-24.5%	7,750	-26.7%	0.57%	-30.6%
UNP	Buy	UNION PAC CORP COM	$932,000	+33.3%	3,878	+22.0%	0.57%	+22.4%
SRLN	Buy	SPDR BLACKSTONE SENIOR LOAN ETF	$918,000	+658.7%	20,008	+664.8%	0.56%	+597.5%
JNK	Buy	SPDR BLOOMBERG HIGH YIELD BOND ETF	$915,000	+275.0%	8,417	+279.0%	0.56%	+245.4%
VHT	New	VANGUARD WORLD FDS	$905,000	–	3,661	–	0.56%	–
RKUNY	Buy	RAKUTEN GROUP INC ADR	$903,000	+9.3%	81,500	+10.9%	0.56%	+0.4%
TIP	Sell	ISHARES TIPS BOND ETF	$892,000	-2.1%	6,908	-3.0%	0.55%	-10.0%
ABC	Buy	AMERISOURCEBERGEN CORP COM	$883,000	+13.4%	7,200	+5.9%	0.54%	+4.0%
YUM	Buy	YUM BRANDS INC COM	$856,000	+16.3%	6,800	+6.2%	0.53%	+6.7%
OLED	Sell	UNIVERSAL DISPLAY CORP	$841,000	-22.0%	4,850	-37.0%	0.52%	-28.4%
WMT	Buy	WALMART INC COM	$834,000	+13.9%	5,913	+13.9%	0.51%	+4.7%
PLRX	Sell	PLIANT THERAPEUTICS INC	$808,000	-52.0%	48,058	-16.9%	0.50%	-55.9%
VGT	New	VANGUARD WORLD FDS	$799,000	–	1,990	–	0.49%	–
QQQ	Buy	INVESCO QQQ TR	$789,000	+3.1%	2,205	+2.1%	0.48%	-5.3%
VCR	New	VANGUARD WORLD FDS	$774,000	–	2,497	–	0.48%	–
VOX	New	VANGUARD WORLD FDS	$763,000	–	5,421	–	0.47%	–
CRWD	Buy	CROWDSTRIKE HLDGS INC CL A	$756,000	+43.2%	2,700	+28.6%	0.46%	+31.4%
NVDA	Buy	NVIDIA CORPORATION COM	$741,000	+85.2%	3,200	+540.0%	0.46%	+70.1%
SMG	New	SCOTTS MIRACLE-GRO CO CL A	$739,000	–	5,000	–	0.46%	–
HD	Buy	HOME DEPOT	$732,000	+43.2%	2,020	+26.1%	0.45%	+31.6%
EMLP	Buy	FIRST TRUST NORTH AMERICAN ENERGY INFRASTRUCTURE FUND	$700,000	+10.1%	27,500	+5.8%	0.43%	+1.2%
CLOU	Buy	GLOBAL X CLOUD COMPUTING ETF	$698,000	+28.8%	22,000	+15.8%	0.43%	+18.2%
ADBE	Buy	ADOBE SYSTEMS INCORPORATED	$698,000	+0.7%	1,212	+2.4%	0.43%	-7.5%
XLRN	Buy	ACCELERON PHARMA CONTRA DO NOT SELL	$695,000	+176.9%	4,000	+100.0%	0.43%	+154.2%
PM	Buy	PHILIP MORRIS INTL INC	$656,000	+8.4%	6,800	+11.5%	0.40%	-0.5%
CBOE	Buy	CBOE GLOBAL MKTS INC COM	$634,000	+40.3%	4,900	+28.9%	0.39%	+28.7%
COUP	Buy	COUPA SOFTWARE INC COM	$633,000	+15.1%	2,600	+23.8%	0.39%	+5.7%
GILD	Sell	GILEAD SCIENCES INC	$616,000	-20.8%	9,100	-19.5%	0.38%	-27.3%
EMQQ	Buy	EMQQ THE EMERGING MARKETS INTERNET AND ECOMMERCE ETF	$607,000	+119.9%	5,850	+34.5%	0.37%	+101.6%
DHR	Buy	DANAHER CORP	$596,000	+22.6%	1,951	+7.7%	0.37%	+12.9%
JPM	Sell	JPMORGAN CHASE & CO	$589,000	+2.3%	3,600	-2.8%	0.36%	-6.2%
MCD	Buy	MCDONALDS CORP COM	$570,000	+17.5%	2,400	+14.3%	0.35%	+8.0%
PNC	Buy	PNC FINL SVCS GROUP INC	$564,000	+8.0%	2,884	+5.4%	0.35%	-0.9%
CCI	New	CROWN CASTLE INTL CORP NEW	$563,000	–	3,247	–	0.35%	–
NSA	Buy	NATIONAL STORAGE AFFILIATES	$522,000	+4.8%	9,880	+0.3%	0.32%	-3.9%
HOG	Buy	HARLEY DAVIDSON INC COM	$517,000	+12.9%	14,000	+40.0%	0.32%	+3.6%
COST	Sell	COSTCO WHSL CORP NEW	$497,000	+9.5%	1,105	-3.7%	0.31%	+0.7%
XOM	Buy	EXXON MOBIL CORP COM	$489,000	+11.6%	7,600	+9.4%	0.30%	+2.7%
GGG	Buy	GRACO INC	$464,000	-5.3%	6,629	+2.4%	0.28%	-13.1%
PFE	Buy	PFIZER INC COM	$456,000	+42.9%	10,572	+29.7%	0.28%	+30.8%
VGSH	New	VANGUARD SCOTTSDALE FDS	$448,000	–	7,300	–	0.28%	–
KAR	Buy	KAR AUCTION SVCS INC COM	$445,000	-9.4%	29,300	+4.6%	0.27%	-16.7%
CGNT	Buy	COGNYTE SOFTWARE LTD ORD SHS	$435,000	-3.5%	19,800	+7.6%	0.27%	-11.3%
PYPL	Buy	PAYPAL HLDGS INC COM	$420,000	-3.9%	1,700	+13.3%	0.26%	-11.9%
ROKU	Buy	ROKU INC	$420,000	-29.1%	1,340	+3.9%	0.26%	-34.8%
NEO	Buy	NEOGENOMICS INC COM NEW	$413,000	+44.9%	9,100	+44.4%	0.25%	+33.0%
EW	Buy	EDWARDS LIFESCIENCES CORP	$400,000	+14.3%	3,531	+4.6%	0.25%	+5.1%
UPS	Buy	UNITED PARCEL SERVICE INC CL B	$387,000	+16.2%	1,900	+18.8%	0.24%	+6.7%
DD	Sell	DUPONT DE NEMOURS INC COM	$360,000	-11.8%	5,000	-5.0%	0.22%	-19.0%
BIIB	Buy	BIOGEN IDEC INC	$351,000	-7.9%	1,300	+18.2%	0.22%	-15.3%
PSX	Sell	PHILLIPS 66	$318,000	+23.7%	950	-68.3%	0.20%	+14.0%
WDAY	Buy	WORKDAY INC COM	$310,000	+100.0%	1,100	+69.2%	0.19%	+83.7%
CRM	Buy	SALESFORCE COM INC	$311,000	+18.3%	1,148	+6.5%	0.19%	+8.5%
DLR	Buy	DIGITAL RLTY TR INC	$308,000	-3.4%	2,134	+0.7%	0.19%	-11.7%
USPH	Buy	U S PHYSICAL THERAPY	$306,000	-3.5%	2,767	+1.0%	0.19%	-11.3%
OKTA	Buy	OKTA INC	$287,000	+2.1%	1,209	+5.1%	0.18%	-5.9%
CHCO	Buy	CITY HLDG CO	$272,000	+9.7%	3,490	+5.9%	0.17%	+0.6%
WAT	Buy	WATERS CP	$257,000	+48.6%	700	+40.0%	0.16%	+36.2%
IPGP	Buy	IPG PHOTONICS CORP COM	$255,000	+20.9%	1,600	+60.0%	0.16%	+11.3%
VFH	New	VANGUARD WORLD FDS	$251,000	–	2,705	–	0.15%	–
VZIO	New	VIZIO HLDG CORP	$246,000	–	11,560	–	0.15%	–
LOW	New	LOWES COS INC COM	$242,000	–	1,135	–	0.15%	–
ABBV	Buy	ABBVIE INC COM	$239,000	+51.3%	2,200	+57.1%	0.15%	+38.7%
PFFD	New	GLOBAL X FDS	$238,000	–	9,250	–	0.15%	–
JNCE	Buy	JOUNCE THERAPEUTICS INC COM	$234,000	+84.3%	25,928	+38.9%	0.14%	+69.4%
ZTS	Buy	ZOETIS INC COM CL A	$212,000	+60.6%	1,000	+40.8%	0.13%	+47.7%
CQP	Sell	CHENIERE ENERGY PARTNERS LP	$209,000	-57.3%	5,148	-53.4%	0.13%	-60.7%
VDC	New	VANGUARD WORLD FDS	$204,000	–	1,139	–	0.12%	–
IIPR	New	INNOVATIVE INDL PPTYS INC	$199,000	–	861	–	0.12%	–
CACI	New	CACI INTL INC	$196,000	–	749	–	0.12%	–
LX	Buy	LEXINFINTECH HLDGS LTD ADR	$192,000	-47.1%	32,100	+8.4%	0.12%	-51.4%
NRIX	Buy	NURIX THERAPEUTICS INC COM	$190,000	+57.0%	6,727	+47.2%	0.12%	+44.4%
BC	New	BRUNSWICK CORP COM	$190,000	–	2,000	–	0.12%	–
BAC	New	BK OF AMERICA CORP	$185,000	–	4,365	–	0.11%	–
TJX	New	TJX COS INC NEW	$183,000	–	2,767	–	0.11%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$179,000	–	811	–	0.11%	–
SE	New	SEA LTD	$175,000	–	548	–	0.11%	–
JAZZ	Exit	JAZZ PHARMACEUTICALSINC	$0	–	-400	–	-0.05%	–
WMB	Exit	WILLIAMS COS INC COM	$0	–	-5,000	–	-0.09%	–
NSC	Exit	NORFOLK SOUTHERN CRP	$0	–	-500	–	-0.09%	–
FSLY	Exit	FASTLY INC CL A	$0	–	-2,300	–	-0.09%	–
ELAN	Exit	ELANCO ANIMAL HEALTH INC COM	$0	–	-4,000	–	-0.09%	–
AAP	Exit	ADVANCE AUTO PARTS INC	$0	–	-700	–	-0.10%	–
ITM	Exit	VANECK VECTORS INTERMEDIATE MUNI ETF	$0	–	-2,761	–	-0.10%	–
AAN	Exit	THE AARONS COMPANY INC COM	$0	–	-5,100	–	-0.11%	–
AMLP	Exit	ALPS TRUST ETF ALERIAN MLP	$0	–	-4,986	–	-0.12%	–
RVMD	Exit	REVOLUTION MEDICINES INC COM	$0	–	-6,555	–	-0.14%	–
EMB	Exit	ISHARES J.P. MORGAN USD EMERGING MARKETS BOND ETF	$0	–	-1,969	–	-0.15%	–
DNLI	Exit	DENALI THERAPEUTICS INC COM	$0	–	-3,000	–	-0.16%	–
ZEN	Exit	ZENDESK INC COM	$0	–	-3,000	–	-0.29%	–
CWB	Exit	SPDR ICE PREFERRED SECURITIES ETF	$0	–	-12,213	–	-0.36%	–
PFPT	Exit	PROOFPOINT INC COM	$0	–	-5,400	–	-0.63%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DEL CL A	$0	–	-3	–	-0.84%	–

Q2 2021

			Value		Shares		↓ Weighting
RLAY	New	RELAY THERAPEUTICS INC COM	$6,700,000	–	183,112	–	4.49%	–
AAPL	New	APPLE INC	$6,433,000	–	46,975	–	4.31%	–
TPL	New	TEXAS PACIFIC LAND CORPORATION COM	$6,231,000	–	3,895	–	4.17%	–
	New	ADYEN N V SHS	$5,134,000	–	2,080	–	3.44%	–
AMZN	New	AMAZON COM INC	$4,850,000	–	1,410	–	3.25%	–
BBIO	New	BRIDGEBIO PHARMA INC COM	$4,715,000	–	77,350	–	3.16%	–
GBT	New	GLOBAL BLOOD THERAPEUTICS INC COM	$4,421,000	–	126,249	–	2.96%	–
SPY	New	SPDR S&P 500 ETF TR	$4,193,000	–	9,796	–	2.81%	–
MDB	New	MONGODB INC	$4,090,000	–	11,314	–	2.74%	–
LLY	New	LILLY ELI & CO COM	$3,194,000	–	13,918	–	2.14%	–
GOOG	New	ALPHABET INC CLASS A	$3,016,000	–	1,235	–	2.02%	–
MSCI	New	MSCI INC COM	$2,585,000	–	4,850	–	1.73%	–
MGK	New	VANGUARD MEGA CAP GROWTH ETF	$2,545,000	–	11,000	–	1.70%	–
FB	New	FACEBOOK INC CL A	$2,399,000	–	6,900	–	1.61%	–
PTON	New	PELOTON INTERACTIVE INC CL A COM	$2,319,000	–	18,700	–	1.55%	–
ARCC	New	ARES CAPITAL CORP COM	$2,106,000	–	107,500	–	1.41%	–
IVV	New	ISHARES S&P 500 INDEX	$2,085,000	–	4,850	–	1.40%	–
MSGS	New	MADISON SQUARE GRDN SPRT CORP CL A	$1,805,000	–	15,800	–	1.21%	–
AXON	New	AXON ENTERPRISE INC COM	$1,803,000	–	10,200	–	1.21%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC COM	$1,705,000	–	1,100	–	1.14%	–
CDAY	New	CERIDIAN HCM HLDG INC COM	$1,698,000	–	17,700	–	1.14%	–
PLRX	New	PLIANT THERAPEUTICS INC	$1,683,000	–	57,808	–	1.13%	–
IYK	New	ISHARES DOW JONES US CONSUMER GOODS	$1,581,000	–	8,600	–	1.06%	–
IRDM	New	IRIDIUM COMMUNICATIONS INC COM	$1,440,000	–	36,000	–	0.96%	–
STZ	New	CONSTELLATION BRANDS INC CL A	$1,438,000	–	6,150	–	0.96%	–
MSFT	New	MICROSOFT	$1,424,000	–	5,255	–	0.95%	–
V	New	VISA INC	$1,414,000	–	6,046	–	0.95%	–
FPX	New	FIRST TRUST US EQUITY OPPORTUNITIES ETF	$1,402,000	–	11,000	–	0.94%	–
GOOGL	New	ALPHABET INC	$1,271,000	–	511	–	0.85%	–
BRKA	New	BERKSHIRE HATHAWAY INC DEL CL A	$1,256,000	–	3	–	0.84%	–
DVY	New	ISHARES DJ SELECT DIVIDEND	$1,234,000	–	10,579	–	0.83%	–
FLRN	New	SPDR BLOOMBERG BARCLAYS INVESTMENT GRADE FLOATING RATE ETF	$1,226,000	–	40,000	–	0.82%	–
JNJ	New	JOHNSON & JOHNSON	$1,217,000	–	7,389	–	0.82%	–
CVS	New	CVS HEALTH CORP COM	$1,210,000	–	14,503	–	0.81%	–
TRUP	New	TRUPANION INC COM	$1,151,000	–	10,000	–	0.77%	–
TWLO	New	TWILIO INC CL A	$1,143,000	–	2,900	–	0.76%	–
BABA	New	ALIBABA GROUP HLDG LTD SPONSORED ADS	$1,134,000	–	5,000	–	0.76%	–
	New	AKTIEBOLAGET ELECTROLUX SPONSORED ADR	$1,111,000	–	20,000	–	0.74%	–
YUMC	New	YUM CHINA HLDGS INC COM	$1,100,000	–	16,600	–	0.74%	–
IJH	New	ISHARES S&P MIDCAP FUND	$1,083,000	–	4,030	–	0.72%	–
OLED	New	UNIVERSAL DISPLAY CORP	$1,078,000	–	7,700	–	0.72%	–
SWKS	New	SKYWORKS SOLUTIONS INC COM	$1,035,000	–	5,400	–	0.69%	–
LDUR	New	PIMCO ENHANCED LOW DURATION ACTIVE EXCHANGE-TRADED FUND	$1,017,000	–	10,000	–	0.68%	–
DIS	New	DISNEY WALT CO	$993,000	–	5,654	–	0.66%	–
MRVL	New	MARVELL TECHNOLOGY INC COM	$963,000	–	16,517	–	0.64%	–
PFPT	New	PROOFPOINT INC COM	$938,000	–	5,400	–	0.63%	–
SLG	New	SL GREEN RLTY CORP COM	$927,000	–	11,588	–	0.62%	–
TIP	New	ISHARES TIPS BOND ETF	$911,000	–	7,119	–	0.61%	–
ACN	New	ACCENTURE PLC IRELAND SHS CLASS A	$884,000	–	3,000	–	0.59%	–
MDT	New	MEDTRONIC PLC SHS	$869,000	–	7,000	–	0.58%	–
VRNT	New	VERINT SYS INC COM	$856,000	–	19,000	–	0.57%	–
XLV	New	HEALTH CARE SELECT SECTOR SPDR	$844,000	–	6,700	–	0.56%	–
SHV	New	ISHARES SHORT TREASURY BOND ETF	$829,000	–	7,499	–	0.56%	–
RKUNY	New	RAKUTEN GROUP INC ADR	$826,000	–	73,500	–	0.55%	–
ORLY	New	O REILLY AUTOMOTIVE INC	$793,000	–	1,400	–	0.53%	–
ABC	New	AMERISOURCEBERGEN CORP COM	$779,000	–	6,800	–	0.52%	–
GILD	New	GILEAD SCIENCES INC	$778,000	–	11,300	–	0.52%	–
QQQ	New	INVESCO QQQ TR	$765,000	–	2,159	–	0.51%	–
IWM	New	ISHARES RUSSELL 2000 ETF	$741,000	–	3,230	–	0.50%	–
MO	New	ALTRIA GROUP INC COM	$739,000	–	15,500	–	0.50%	–
YUM	New	YUM BRANDS INC COM	$736,000	–	6,400	–	0.49%	–
WMT	New	WALMART INC	$732,000	–	5,191	–	0.49%	–
ILMN	New	ILLUMINA INC	$710,000	–	1,500	–	0.48%	–
UNP	New	UNION PAC CORP COM	$699,000	–	3,178	–	0.47%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$693,000	–	1,184	–	0.46%	–
CAG	New	CONAGRA BRANDS INC COM	$655,000	–	18,000	–	0.44%	–
EMLP	New	FIRST TRUST NORTH AMERICAN ENERGY INFRASTRUCTURE FUND	$636,000	–	26,000	–	0.43%	–
PM	New	PHILIP MORRIS INTL INC	$605,000	–	6,100	–	0.40%	–
ROKU	New	ROKU INC	$592,000	–	1,290	–	0.40%	–
JPM	New	JPMORGAN CHASE & CO	$576,000	–	3,702	–	0.39%	–
COUP	New	COUPA SOFTWARE INC COM	$550,000	–	2,100	–	0.37%	–
CLOU	New	GLOBAL X CLOUD COMPUTING ETF	$542,000	–	19,000	–	0.36%	–
CWB	New	SPDR ICE PREFERRED SECURITIES ETF	$540,000	–	12,213	–	0.36%	–
CRWD	New	CROWDSTRIKE HLDGS INC CL A	$528,000	–	2,100	–	0.35%	–
PNC	New	PNC FINL SVCS GROUP INC	$522,000	–	2,735	–	0.35%	–
HD	New	HOME DEPOT	$511,000	–	1,602	–	0.34%	–
NSA	New	NATIONAL STORAGE AFFILIATES	$498,000	–	9,855	–	0.33%	–
KAR	New	KAR AUCTION SVCS INC COM	$491,000	–	28,000	–	0.33%	–
GGG	New	GRACO INC	$490,000	–	6,474	–	0.33%	–
CQP	New	CHENIERE ENERGY PARTNERS LP	$490,000	–	11,058	–	0.33%	–
DHR	New	DANAHER CORP	$486,000	–	1,811	–	0.32%	–
MCD	New	MCDONALDS CORP COM	$485,000	–	2,100	–	0.32%	–
MKC	New	MCCORMICK & CO INC COM NON VTG	$477,000	–	5,400	–	0.32%	–
HOG	New	HARLEY DAVIDSON INC COM	$458,000	–	10,000	–	0.31%	–
COST	New	COSTCO WHSL CORP NEW	$454,000	–	1,147	–	0.30%	–
CBOE	New	CBOE GLOBAL MKTS INC COM	$452,000	–	3,800	–	0.30%	–
CGNT	New	COGNYTE SOFTWARE LTD ORD SHS	$451,000	–	18,400	–	0.30%	–
CTVA	New	CORTEVA INC COM	$444,000	–	10,000	–	0.30%	–
UNH	New	UNITEDHEALTH GROUP	$440,000	–	1,100	–	0.30%	–
PYPL	New	PAYPAL HLDGS INC COM	$437,000	–	1,500	–	0.29%	–
XOM	New	EXXON MOBIL CORP COM	$438,000	–	6,950	–	0.29%	–
ZEN	New	ZENDESK INC COM	$433,000	–	3,000	–	0.29%	–
XLE	New	SELECT SECTOR SPDR TR	$432,000	–	4,220	–	0.29%	–
SAFT	New	SAFETY INSURANCE GROUP IN	$431,000	–	5,500	–	0.29%	–
SBAC	New	SBA COMMUNICATIONS CP	$414,000	–	1,300	–	0.28%	–
DD	New	DUPONT DE NEMOURS INC COM	$408,000	–	5,265	–	0.27%	–
NVDA	New	NVIDIA CORPORATION COM	$400,000	–	500	–	0.27%	–
GLNG	New	GOLAR LNG LTD SHS ISIN BMG9456A1009	$398,000	–	30,000	–	0.27%	–
SHW	New	SHERWIN WILLIAMS CO	$392,000	–	1,440	–	0.26%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP COM	$384,000	–	4,500	–	0.26%	–
BIIB	New	BIOGEN IDEC INC	$381,000	–	1,100	–	0.26%	–
THRM	New	GENTHERM INC COM	$377,000	–	5,300	–	0.25%	–
MA	New	MASTERCARD INC	$365,000	–	1,000	–	0.24%	–
LX	New	LEXINFINTECH HLDGS LTD ADR	$363,000	–	29,600	–	0.24%	–
VNQ	New	VANGUARD REAL ESTATE ETF	$353,000	–	3,470	–	0.24%	–
EW	New	EDWARDS LIFESCIENCES CORP	$350,000	–	3,376	–	0.23%	–
UPS	New	UNITED PARCEL SERVICE INC CL B	$333,000	–	1,600	–	0.22%	–
DLR	New	DIGITAL RLTY TR INC	$319,000	–	2,120	–	0.21%	–
PFE	New	PFIZER INC	$319,000	–	8,152	–	0.21%	–
USPH	New	U S PHYSICAL THERAPY	$317,000	–	2,740	–	0.21%	–
DOW	New	DOW INC COM	$316,000	–	5,000	–	0.21%	–
GSIE	New	GOLDMAN SACHS ACTIVEBETA INTERNATIONAL EQUITY ETF	$290,000	–	8,300	–	0.19%	–
NEO	New	NEOGENOMICS INC COM NEW	$285,000	–	6,300	–	0.19%	–
OKTA	New	OKTA INC	$281,000	–	1,150	–	0.19%	–
EMQQ	New	EMQQ THE EMERGING MARKETS INTERNET AND ECOMMERCE ETF	$276,000	–	4,350	–	0.18%	–
LUV	New	SOUTHWEST AIRLS CO COM	$265,000	–	5,000	–	0.18%	–
CRM	New	SALESFORCE COM INC	$263,000	–	1,078	–	0.18%	–
QRTEA	New	QURATE RETAIL INC COM SER A	$262,000	–	20,000	–	0.18%	–
PSX	New	PHILLIPS 66	$257,000	–	3,000	–	0.17%	–
XLRN	New	ACCELERON PHARMA INC COM	$251,000	–	2,000	–	0.17%	–
CHCO	New	CITY HLDG CO	$248,000	–	3,295	–	0.17%	–
JNK	New	SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETF	$244,000	–	2,221	–	0.16%	–
DNLI	New	DENALI THERAPEUTICS INC COM	$235,000	–	3,000	–	0.16%	–
EMB	New	ISHARES J.P. MORGAN USD EMERGING MARKETS BOND ETF	$221,000	–	1,969	–	0.15%	–
INDA	New	ISHARES MSCI INDIA INDEX FUND	$221,000	–	5,000	–	0.15%	–
RDY	New	DR REDDYS LABS LTD ADR	$221,000	–	3,000	–	0.15%	–
IPGP	New	IPG PHOTONICS CORP COM	$211,000	–	1,000	–	0.14%	–
RVMD	New	REVOLUTION MEDICINES INC COM	$208,000	–	6,555	–	0.14%	–
CL	New	COLGATE PALMOLIVE CO COM	$203,000	–	2,500	–	0.14%	–
VNT	New	VONTIER CORPORATION COM	$202,000	–	6,200	–	0.14%	–
AVY	New	AVERY DENNISON CORP	$202,000	–	963	–	0.14%	–
PRG	New	PROG HOLDINGS INC COM NPV	$202,000	–	4,200	–	0.14%	–
ECL	New	ECOLAB INC COM	$196,000	–	953	–	0.13%	–
WY	New	WEYERHAEUSER CO MTN BE COM NEW	$189,000	–	5,500	–	0.13%	–
DLTR	New	DOLLAR TREE STORES INC	$189,000	–	1,900	–	0.13%	–
IMGN	New	IMMUNOGEN INC COM	$185,000	–	28,000	–	0.12%	–
CSCO	New	CISCO SYS INC	$183,000	–	3,445	–	0.12%	–
AMLP	New	ALPS TRUST ETF ALERIAN MLP	$182,000	–	4,986	–	0.12%	–
ARKF	New	ARK FINTECH INNOVATION ETF	$179,000	–	3,300	–	0.12%	–
CAT	New	CATERPILLAR INC COM	$174,000	–	800	–	0.12%	–
WAT	New	WATERS CP	$173,000	–	500	–	0.12%	–
PEAK	New	HEALTH CARE PPTY INVS INC	$172,000	–	5,176	–	0.12%	–
EEM	New	ISHARES MSCI EMERGING MARKETS ETF	$165,000	–	3,000	–	0.11%	–
AAN	New	THE AARONS COMPANY INC COM	$163,000	–	5,100	–	0.11%	–
ABBV	New	ABBVIE INC COM	$158,000	–	1,400	–	0.11%	–
WDAY	New	WORKDAY INC COM	$155,000	–	650	–	0.10%	–
AAP	New	ADVANCE AUTO PARTS INC	$144,000	–	700	–	0.10%	–
ITM	New	VANECK VECTORS INTERMEDIATE MUNI ETF	$143,000	–	2,761	–	0.10%	–
ELAN	New	ELANCO ANIMAL HEALTH INC COM	$139,000	–	4,000	–	0.09%	–
FSLY	New	FASTLY INC CL A	$137,000	–	2,300	–	0.09%	–
WMB	New	WILLIAMS COS INC COM	$133,000	–	5,000	–	0.09%	–
NSC	New	NORFOLK SOUTHERN CRP	$133,000	–	500	–	0.09%	–
ZTS	New	ZOETIS INC COM CL A	$132,000	–	710	–	0.09%	–
JNCE	New	JOUNCE THERAPEUTICS INC COM	$127,000	–	18,669	–	0.08%	–
SRLN	New	SPDR BLACKSTONE SENIOR LOAN ETF	$121,000	–	2,616	–	0.08%	–
NRIX	New	NURIX THERAPEUTICS INC COM	$121,000	–	4,569	–	0.08%	–
JAZZ	New	JAZZ PHARMACEUTICALSINC	$71,000	–	400	–	0.05%	–

Q4 2020

			Value		Shares		↓ Weighting
VKTX	Exit	VIKING THERAPEUTICS INC COM	$0	–	-800	–	-0.00%	–
QMCO	Exit	QUANTUM CORPORATION COM	$0	–	-1,000	–	-0.00%	–
IBB	Exit	ISHARES TRUST NASDAQ BIOTECH ETF	$0	–	-50	–	-0.01%	–
MU	Exit	MICRON TECHNOLOGY INC COM	$0	–	-175	–	-0.01%	–
CHX	Exit	CHAMPIONX CORPORATION COM	$0	–	-1,159	–	-0.01%	–
ET	Exit	ENERGY TRANSFER LP COM UT LTD PTN	$0	–	-1,920	–	-0.01%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP COM	$0	–	-1,000	–	-0.01%	–
BP	Exit	BP ADR SPONSORED	$0	–	-600	–	-0.01%	–
SVC	Exit	SERVICE PROPERTIES TRUST COM USD0.01 SH BEN INT	$0	–	-1,300	–	-0.01%	–
SUN	Exit	SUNOCO LP COM UT REP LP	$0	–	-500	–	-0.01%	–
RYTM	Exit	RHYTHM PHARMACEUTICALS INC COM	$0	–	-554	–	-0.01%	–
NUE	Exit	NUCOR CORP COM	$0	–	-300	–	-0.01%	–
DRH	Exit	DIAMONDROCK HOSPITALITY CO COM	$0	–	-3,090	–	-0.01%	–
TEF	Exit	TELEFONICA SA ADR SPONSORED	$0	–	-4,708	–	-0.01%	–
AXP	Exit	AMERICAN EXPRESS CO COM	$0	–	-150	–	-0.01%	–
MVF	Exit	BLACKROCK MUNIVEST FUND INC COM	$0	–	-1,950	–	-0.01%	–
ABT	Exit	ABBOTT LABORATORIES COM	$0	–	-150	–	-0.01%	–
DVN	Exit	DEVON ENERGY CORP COM	$0	–	-2,000	–	-0.01%	–
MEN	Exit	BLACKROCK MUNIENHANCED FD INC COM	$0	–	-1,950	–	-0.02%	–
ORCL	Exit	ORACLE CORP COM	$0	–	-400	–	-0.02%	–
MCR	Exit	MFS CHARTER INCOME TRUST SH BEN INT	$0	–	-3,000	–	-0.02%	–
AEB	Exit	AEGON NV FLOATING RATE PERP CAP SECS	$0	–	-1,000	–	-0.02%	–
T	Exit	AT&T INC COM	$0	–	-1,000	–	-0.02%	–
CARR	Exit	CARRIER GLOBAL CORPORATION COM	$0	–	-1,000	–	-0.02%	–
XLE	Exit	SELECT SECTOR SPDR TRUST ENERGY ETF	$0	–	-1,050	–	-0.02%	–
OTIS	Exit	OTIS WORLDWIDE CORP COM	$0	–	-500	–	-0.02%	–
VVR	Exit	INVESCO VAN KAMPEN SR INCOME T COM	$0	–	-9,000	–	-0.02%	–
BAX	Exit	BAXTER INTERNATIONAL INC COM	$0	–	-400	–	-0.02%	–
CVX	Exit	CHEVRON CORPORATION COM	$0	–	-500	–	-0.03%	–
FTV	Exit	FORTIVE CORP COM	$0	–	-500	–	-0.03%	–
AGIO	Exit	AGIOS PHARMACEUTICALS INC COM	$0	–	-1,200	–	-0.03%	–
LIVN	Exit	LIVANOVA PLC COM	$0	–	-1,000	–	-0.04%	–
PG	Exit	PROCTER & GAMBLE CO COM	$0	–	-350	–	-0.04%	–
RMD	Exit	ResMed Inc.	$0	–	-292	–	-0.04%	–
HON	Exit	Honeywell Intl, Inc.	$0	–	-315	–	-0.04%	–
PANW	Exit	Palo Alto Networks	$0	–	-210	–	-0.04%	–
INTC	Exit	Intel Corp.	$0	–	-1,025	–	-0.04%	–
NXTG	Exit	FIRST TR EXCHANGE TRADED FD II INDXX NEXTG ETF	$0	–	-900	–	-0.04%	–
TFC	Exit	Truist Financial Corp.	$0	–	-1,399	–	-0.04%	–
XLF	Exit	Financial Sector ETF	$0	–	-2,265	–	-0.04%	–
CHD	Exit	Church & Dwight Co., Inc.	$0	–	-607	–	-0.04%	–
JAZZ	Exit	JAZZ PHARMACEUTICALS PLC COM	$0	–	-400	–	-0.04%	–
FRC	Exit	First Republic Bank	$0	–	-530	–	-0.04%	–
VRSN	Exit	VeriSign, Inc.	$0	–	-299	–	-0.05%	–
AVYA	Exit	AVAYA HOLDINGS CORP COM	$0	–	-4,000	–	-0.05%	–
TCOM	Exit	TRIP COM GROUP LTD ADR	$0	–	-2,000	–	-0.05%	–
XSOE	Exit	WISDOMTREE TRUST EM EX ST-OWNED ETF	$0	–	-1,870	–	-0.05%	–
MRK	Exit	Merck & Co. Inc.	$0	–	-755	–	-0.05%	–
SDY	Exit	SPDR S&P Dividend ETF	$0	–	-694	–	-0.05%	–
VIAC	Exit	ViacomCBS Inc.	$0	–	-2,286	–	-0.05%	–
COP	Exit	CONOCOPHILLIPS COM	$0	–	-2,000	–	-0.05%	–
FITB	Exit	Fifth Third Bancorp	$0	–	-3,300	–	-0.05%	–
SBUX	Exit	Starbucks Corporation	$0	–	-825	–	-0.06%	–
CACI	Exit	CACI INTERNATIONAL INC	$0	–	-342	–	-0.06%	–
WM	Exit	Waste Management Inc.	$0	–	-645	–	-0.06%	–
HUM	Exit	Humana, Inc.	$0	–	-180	–	-0.06%	–
WMB	Exit	WILLIAMS COMPANIES INC COM	$0	–	-4,000	–	-0.06%	–
VZ	Exit	Verizon Communications Inc.	$0	–	-1,310	–	-0.06%	–
CLX	Exit	CLOROX CO COM	$0	–	-400	–	-0.06%	–
KO	Exit	COCA-COLA CO COM	$0	–	-1,720	–	-0.06%	–
NEE	Exit	NextEra Energy, Inc.	$0	–	-325	–	-0.07%	–
GPK	Exit	Graphic Packaging Holding Co.	$0	–	-6,657	–	-0.07%	–
IMGN	Exit	IMMUNOGEN INC COM	$0	–	-28,000	–	-0.08%	–
NFLX	Exit	NETFLIX INC COM	$0	–	-200	–	-0.08%	–
CHCO	Exit	City Holding Company	$0	–	-1,735	–	-0.08%	–
	Exit	iShares Core S&P Mid-Cap ETF	$0	–	-550	–	-0.08%	–
FSTA	Exit	FIDELITY COVINGTON TRUST CONSMR STAPLES ETF	$0	–	-2,750	–	-0.08%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N V COM	$0	–	-1,500	–	-0.08%	–
VFH	Exit	Vanguard Financials ETF	$0	–	-1,770	–	-0.08%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC COM CL B	$0	–	-500	–	-0.08%	–
AAP	Exit	ADVANCE AUTO PARTS INC COM	$0	–	-700	–	-0.08%	–
IAA	Exit	IAA, Inc.	$0	–	-2,094	–	-0.08%	–
O	Exit	Realty Income Corp.	$0	–	-1,832	–	-0.09%	–
ELAN	Exit	ELANCO ANIMAL HEALTH INC COM	$0	–	-4,000	–	-0.09%	–
BOND	Exit	PIMCO ETF TRUST ACTIVE BD ETF	$0	–	-1,000	–	-0.09%	–
VPU	Exit	Vanguard Utilities ETF	$0	–	-902	–	-0.09%	–
BC	Exit	BRUNSWICK CORP COM	$0	–	-2,000	–	-0.09%	–
LIN	Exit	LINDE PLC COM	$0	–	-500	–	-0.09%	–
CAT	Exit	CATERPILLAR INC COM	$0	–	-800	–	-0.09%	–
HDS	Exit	HD SUPPLY HOLDINGS INC COM	$0	–	-3,000	–	-0.10%	–
BA	Exit	The Boeing Company	$0	–	-783	–	-0.10%	–
DISCA	Exit	Discovery Communications, Inc.	$0	–	-5,935	–	-0.10%	–
AVY	Exit	AVERY DENNISON CORP.	$0	–	-1,023	–	-0.10%	–
EEM	Exit	ISHARES TRUST MSCI EMG MKT ETF	$0	–	-3,000	–	-0.10%	–
IGIB	Exit	ISHARES TRUST ISHS 5-10YR INVT ETF	$0	–	-2,200	–	-0.10%	–
AMGN	Exit	AMGEN INC.	$0	–	-531	–	-0.10%	–
WAT	Exit	WATERS CORP COM	$0	–	-700	–	-0.10%	–
ZTS	Exit	ZOETIS INC COM CL A	$0	–	-835	–	-0.11%	–
CCXI	Exit	CHEMOCENTRYX INC COM	$0	–	-2,500	–	-0.11%	–
WDAY	Exit	WORKDAY INC COM CL A	$0	–	-650	–	-0.11%	–
SNX	Exit	SYNNEX CORP COM	$0	–	-1,000	–	-0.11%	–
XBI	Exit	SPDR S&P Biotech ETF	$0	–	-1,258	–	-0.11%	–
LHX	Exit	L3Harris Technologies	$0	–	-830	–	-0.11%	–
PEAK	Exit	HEALTHPEAK PROPERTIES INC COM	$0	–	-5,176	–	-0.11%	–
FHLC	Exit	FIDELITY COVINGTON TRUST MSCI HLTH CARE I ETF	$0	–	-2,700	–	-0.11%	–
PLRX	Exit	PLIANT THERAPEUTICS INC COM	$0	–	-7,100	–	-0.12%	–
VDC	Exit	Vanguard Consumer Staples ETF	$0	–	-981	–	-0.12%	–
FDIS	Exit	FIDELITY COVINGTON TRUST MSCI CONSM DIS ETF	$0	–	-2,626	–	-0.13%	–
HSY	Exit	HERSHEY COMPANY COM	$0	–	-1,150	–	-0.13%	–
NSC	Exit	NORFOLK SOUTHERN CORP COM	$0	–	-784	–	-0.13%	–
INDA	Exit	ISHARES TRUST MSCI INDIA ETF	$0	–	-5,000	–	-0.13%	–
PEP	Exit	PEPSICO INC COM	$0	–	-1,294	–	-0.14%	–
BKLN	Exit	INVESCO EXCHANGE TRADED FUND T SR LN ETF	$0	–	-8,359	–	-0.14%	–
DVY	Exit	ISHARES TRUST SELECT DIVID ETF	$0	–	-2,211	–	-0.14%	–
CMCSA	Exit	Comcast Corp.	$0	–	-3,935	–	-0.14%	–
DLTR	Exit	DOLLAR TREE INC COM	$0	–	-1,900	–	-0.14%	–
OKTA	Exit	Okta, Inc.	$0	–	-892	–	-0.15%	–
CL	Exit	COLGATE-PALMOLIVE CO COM	$0	–	-2,500	–	-0.15%	–
	Exit	Jensen Quality Growth Fund Cla	$0	–	-3,529	–	-0.15%	–
DHR	Exit	DANAHER CORP COM	$0	–	-900	–	-0.15%	–
PSX	Exit	PHILLIPS 66 COM	$0	–	-3,800	–	-0.15%	–
LOW	Exit	LOWE'S COMPANIES INC COM	$0	–	-1,182	–	-0.15%	–
BAC	Exit	BANK OF AMERICA CORP.	$0	–	-8,250	–	-0.15%	–
TIP	Exit	ISHARES TRUST TIPS BD ETF	$0	–	-1,573	–	-0.15%	–
LX	Exit	LEXINFINTECH HOLDINGS LTD ADR	$0	–	-29,600	–	-0.16%	–
RDY	Exit	DR REDDYS LABORATORIES ADR SPONSORED	$0	–	-3,000	–	-0.16%	–
IEF	Exit	ISHARES TRUST BARCLAYS 7 10 YR ETF	$0	–	-1,709	–	-0.16%	–
THRM	Exit	GENTHERM INC COM	$0	–	-5,300	–	-0.17%	–
FSLY	Exit	FASTLY INC COM CL A	$0	–	-2,300	–	-0.17%	–
IBM	Exit	IBM Corporation	$0	–	-1,810	–	-0.17%	–
IPGP	Exit	IPG PHOTONICS CORPORATION COM	$0	–	-1,300	–	-0.17%	–
NEO	Exit	NEOGENOMICS INC COM	$0	–	-6,000	–	-0.17%	–
LUV	Exit	SOUTHWEST AIRLINES CO COM	$0	–	-6,000	–	-0.17%	–
XLRN	Exit	ACCELERON PHARMA COM	$0	–	-2,000	–	-0.17%	–
USPH	Exit	US Physical Therapy Inc.	$0	–	-2,596	–	-0.18%	–
DOW	Exit	DOW INC COM	$0	–	-5,000	–	-0.18%	–
TJX	Exit	The TJX Companies, Inc.	$0	–	-4,239	–	-0.18%	–
WY	Exit	WEYERHAEUSER COMPANY COM NEW	$0	–	-8,700	–	-0.19%	–
RTX	Exit	RAYTHEON TECH CORP COM	$0	–	-4,500	–	-0.20%	–
ECL	Exit	ECOLAB INC COM	$0	–	-1,313	–	-0.20%	–
UPS	Exit	UNITED PARCEL SERVICE INC COM CL B	$0	–	-1,600	–	-0.21%	–
NVDA	Exit	NVIDIA CORP COM	$0	–	-500	–	-0.21%	–
SUSA	Exit	ISHARES TRUST MSCI USA ESG SLC ETF	$0	–	-1,870	–	-0.21%	–
EW	Exit	Edwards Lifesciences	$0	–	-3,468	–	-0.22%	–
MRVL	Exit	MARVELL TECH GROUP COM	$0	–	-7,000	–	-0.22%	–
DD	Exit	DUPONT DE NEMOURS INC COM	$0	–	-5,000	–	-0.22%	–
XOM	Exit	EXXON MOBIL CORPORATION COM	$0	–	-8,150	–	-0.22%	–
GLNG	Exit	GOLAR LNG LIMITED COM	$0	–	-46,600	–	-0.22%	–
CTVA	Exit	CORTEVA INC COM	$0	–	-10,000	–	-0.22%	–
PFE	Exit	Pfizer Inc	$0	–	-7,855	–	-0.22%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-3,500	–	-0.24%	–
VNQ	Exit	VANGUARD REAL ESTATE ETF	$0	–	-3,893	–	-0.24%	–
VIRT	Exit	Virtu Financial, Inc.	$0	–	-13,508	–	-0.24%	–
CQP	Exit	CHENIERE ENERGY PARTNERS, LP	$0	–	-9,945	–	-0.26%	–
DLR	Exit	Digital Realty Trust	$0	–	-2,268	–	-0.26%	–
EMQQ	Exit	EXCHANGE TRADED CONCEPTS TRUST EMQQ EM INTERN ETF	$0	–	-6,400	–	-0.26%	–
MA	Exit	MASTERCARD INCORPORATED COM CL A	$0	–	-1,000	–	-0.26%	–
UNH	Exit	UNITEDHEALTH GROUP INC COM	$0	–	-1,100	–	-0.26%	–
CBOE	Exit	CBOE GLOBAL MARKETS INC COM	$0	–	-4,000	–	-0.27%	–
NSA	Exit	National Storage Affiliates Tr	$0	–	-10,755	–	-0.27%	–
XLI	Exit	SPDR Industrial Select Sector	$0	–	-4,625	–	-0.28%	–
PM	Exit	PHILIP MORRIS INTL INC COM	$0	–	-4,800	–	-0.28%	–
PRSP	Exit	PERSPECTA INC COM	$0	–	-19,000	–	-0.29%	–
AGG	Exit	ISHARES TRUST CORE US AGGBD ET ETF	$0	–	-3,137	–	-0.29%	–
BIIB	Exit	BIOGEN INC COM	$0	–	-1,350	–	-0.30%	–
CWB	Exit	SPDR SERIES TRUST BLMBRG BRC CNVRT ETF	$0	–	-5,669	–	-0.30%	–
JPM	Exit	JPMorgan Chase & Co.	$0	–	-4,044	–	-0.30%	–
SHW	Exit	Sherwin-Williams Co.	$0	–	-558	–	-0.30%	–
GGG	Exit	Graco, Inc.	$0	–	-6,446	–	-0.31%	–
KAR	Exit	KAR AUCTION SERVICES INC COM	$0	–	-28,000	–	-0.31%	–
SBAC	Exit	SBA COMMUNICATIONS CORP CL A	$0	–	-1,300	–	-0.32%	–
EMB	Exit	ISHARES TRUST JPMORGAN USD EMG ETF	$0	–	-4,120	–	-0.35%	–
ILMN	Exit	ILLUMINA INC COM	$0	–	-1,500	–	-0.36%	–
PSK	Exit	SPDR SERIES TRUST WELLS FG PFD ETF	$0	–	-11,026	–	-0.37%	–
CSCO	Exit	CISCO SYSTEMS INC COM	$0	–	-12,195	–	-0.37%	–
UNP	Exit	UNION PACIFIC CORP COM	$0	–	-2,450	–	-0.37%	–
IWM	Exit	ISHARES TRUST RUSSELL 2000 ETF	$0	–	-3,230	–	-0.38%	–
EMLP	Exit	FIRST TR EXCHANGE TRADED FD IV NO AMER ENERGY ETF	$0	–	-26,000	–	-0.38%	–
FISV	Exit	Fiserv Inc.	$0	–	-4,930	–	-0.39%	–
PYPL	Exit	PAYPAL HOLDINGS INC COM	$0	–	-2,585	–	-0.40%	–
CLOU	Exit	GLOBAL X FDS CLOUD COMPUTNG ETF	$0	–	-22,000	–	-0.41%	–
MCD	Exit	MCDONALD'S CORPORATION COM	$0	–	-2,400	–	-0.41%	–
YUM	Exit	YUM BRANDS INC COM	$0	–	-5,800	–	-0.41%	–
WFCPRL	Exit	WELLS FARGO & COMPANY 7.5 PERP CONV CL A SRS L	$0	–	-400	–	-0.42%	–
CCI	Exit	Crown Castle International Cor	$0	–	-3,252	–	-0.42%	–
COST	Exit	Costco Wholesale Corporation	$0	–	-1,540	–	-0.42%	–
GOOG	Exit	ALPHABET INC COM CL C	$0	–	-378	–	-0.43%	–
JNK	Exit	SPDR SERIES TRUST BLOOMBERG BRCLYS ETF	$0	–	-5,557	–	-0.45%	–
MKC	Exit	MCCORMICK & COMPANY INC COM	$0	–	-3,000	–	-0.45%	–
HD	Exit	HOME DEPOT INC COM	$0	–	-2,100	–	-0.45%	–
VGT	Exit	Vanguard Information Technolog	$0	–	-1,890	–	-0.46%	–
MO	Exit	ALTRIA GROUP INC COM	$0	–	-15,500	–	-0.46%	–
MSGE	Exit	MADISON SQUARE GARDEN ENTERTAI COM CL A	$0	–	-8,800	–	-0.47%	–
MDT	Exit	Medtronic ADR	$0	–	-5,840	–	-0.47%	–
VCR	Exit	Vanguard Consumer Discretionar	$0	–	-2,599	–	-0.47%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO COM	$0	–	-10,500	–	-0.49%	–
DIS	Exit	WALT DISNEY COMPANY COM	$0	–	-5,126	–	-0.49%	–
CAG	Exit	CONAGRA BRANDS INC COM	$0	–	-1,800	–	-0.50%	–
ORLY	Exit	OREILLY AUTOMOTIVE INC NEW COM	$0	–	-1,400	–	-0.50%	–
ADBE	Exit	ADOBE SYSTEMS, INC	$0	–	-1,330	–	-0.51%	–
IRM	Exit	IRON MOUNTAIN INC COM	$0	–	-25,000	–	-0.52%	–
VOX	Exit	Vanguard Communication Service	$0	–	-6,800	–	-0.54%	–
XLV	Exit	SELECT SECTOR SPDR TRUST SBI HEALTHCARE ETF	$0	–	-6,700	–	-0.55%	–
TWLO	Exit	TWILIO INC COM CL A	$0	–	-2,900	–	-0.56%	–
MSGS	Exit	MADISON SQ GARDEN SPORTS CORP COM CL A	$0	–	-4,900	–	-0.57%	–
WMT	Exit	WALMART INC COM	$0	–	-5,317	–	-0.58%	–
IJH	Exit	ISHARES TRUST CORE S&P MCP ETF	$0	–	-4,030	–	-0.58%	–
ACN	Exit	ACCENTURE PLC	$0	–	-3,315	–	-0.58%	–
QQQ	Exit	Powershs QQQ Trust Ser 1	$0	–	-2,750	–	-0.59%	–
ABC	Exit	AMERISOURCEBERGEN CORPORATION COM	$0	–	-8,400	–	-0.63%	–
GILD	Exit	GILEAD SCIENCES INC COM	$0	–	-12,900	–	-0.63%	–
JNJ	Exit	Johnson & Johnson	$0	–	-5,789	–	-0.67%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL COM	$0	–	-700	–	-0.68%	–
VHT	Exit	Vanguard Health Care ETF	$0	–	-4,291	–	-0.68%	–
COUP	Exit	COUPA SOFTWARE INCORPORATED COM	$0	–	-3,300	–	-0.70%	–
RKUNY	Exit	RAKUTEN INC ADR SPONSORED	$0	–	-85,500	–	-0.72%	–
AXON	Exit	AXON ENTERPRISE INC COM	$0	–	-10,200	–	-0.72%	–
CVS	Exit	CVS HEALTH CORPORATION COM	$0	–	-16,203	–	-0.73%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC COM CL A	$0	–	-3	–	-0.74%	–
ELUXY	Exit	ELECTROLUX AB ADR SPONSORED	$0	–	-2,100	–	-0.76%	–
STZ	Exit	CONSTELLATION BRANDS INC COM CL A	$0	–	-5,500	–	-0.81%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC COM	$0	–	-7,200	–	-0.81%	–
FPX	Exit	FIRST TRUST EXCHANGE TRADED FD US EQTY OPPT ETF	$0	–	-11,000	–	-0.82%	–
OLED	Exit	UNIVERSAL DISPLAY CORP COM	$0	–	-6,050	–	-0.85%	–
YUMC	Exit	YUM CHINA HOLDINGS INC COM	$0	–	-19,100	–	-0.85%	–
MSCI	Exit	MSCI INC COM	$0	–	-3,150	–	-0.87%	–
IYK	Exit	ISHARES TRUST U.S. CNSM GD ETF	$0	–	-7,600	–	-0.88%	–
FLRN	Exit	SPDR SERIES TRUST BLOMBERG BRC INV ETF	$0	–	-40,000	–	-0.95%	–
MSFT	Exit	Microsoft	$0	–	-6,773	–	-1.10%	–
V	Exit	VISA INC COM CL A	$0	–	-7,461	–	-1.16%	–
TPL	Exit	TEXAS PACIFIC LAND TRUST COM	$0	–	-3,350	–	-1.17%	–
LLY	Exit	ELI LILLY AND COMPANY COM	$0	–	-10,518	–	-1.21%	–
ARCC	Exit	ARES CAPITAL CORP COM	$0	–	-113,500	–	-1.23%	–
IVV	Exit	ISHARES TRUST CORE S&P500 ETF	$0	–	-4,850	–	-1.26%	–
MGK	Exit	VANGUARD MEGA GRWTH IND ETF	$0	–	-900	–	-1.29%	–
FB	Exit	FACEBOOK INC COM CL A	$0	–	-6,900	–	-1.40%	–
BABA	Exit	ALIBABA GROUP HOLDING LTD ADR SPONSORED	$0	–	-6,200	–	-1.41%	–
CDAY	Exit	CERIDIAN HCM HLDG INC COM	$0	–	-22,200	–	-1.42%	–
GOOGL	Exit	ALPHABET INC	$0	–	-1,374	–	-1.56%	–
BBIO	Exit	BRIDGEBIO PHARMA INC COM	$0	–	-73,425	–	-2.14%	–
MDB	Exit	MONGODB INC COM CL A	$0	–	-13,081	–	-2.35%	–
MYOK	Exit	MYOKARDIA INC COM	$0	–	-23,400	–	-2.47%	–
SPY	Exit	S&P 500 Index Fund	$0	–	-10,422	–	-2.71%	–
	Exit	ADYEN NV	$0	–	-2,110	–	-2.99%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,286	–	-3.14%	–
SAFT	Exit	SAFETY INSURANCE GROUP INC COM	$0	–	-79,087	–	-4.24%	–
AAPL	Exit	APPLE INC COM	$0	–	-48,766	–	-4.38%	–
GBT	Exit	GLOBAL BLOOD THERAPEUTICS INC COM	$0	–	-124,749	–	-5.33%	–
RLAY	Exit	RELAY THERAPEUTICS INC COM	$0	–	-164,389	–	-5.43%	–

Q3 2020

			Value		Shares		↓ Weighting
RLAY	New	RELAY THERAPEUTICS INC COM	$7,001,000	–	164,389	–	5.43%	–
GBT	Sell	GLOBAL BLOOD THERAPEUTICS INC COM	$6,878,000	-21.4%	124,749	-10.0%	5.33%	-29.0%
AAPL	Buy	APPLE INC COM	$5,647,000	+269.1%	48,766	+1062.8%	4.38%	+233.3%
SAFT	Sell	SAFETY INSURANCE GROUP INC COM	$5,464,000	-10.1%	79,087	-0.8%	4.24%	-18.8%
AMZN	Sell	AMAZON COM INC	$4,049,000	+7.6%	1,286	-5.7%	3.14%	-2.8%
	Sell	ADYEN NV	$3,861,000	+9.4%	2,110	-13.0%	2.99%	-1.2%
SPY	Buy	S&P 500 Index Fund	$3,490,000	+37.8%	10,422	+26.9%	2.71%	+24.5%
MYOK	Sell	MYOKARDIA INC COM	$3,190,000	+35.3%	23,400	-4.1%	2.47%	+22.1%
MDB	Sell	MONGODB INC COM CL A	$3,028,000	+167.5%	13,081	-12.8%	2.35%	+141.6%
BBIO	Sell	BRIDGEBIO PHARMA INC COM	$2,754,000	+13.5%	73,425	-1.3%	2.14%	+2.4%
GOOGL	Buy	ALPHABET INC	$2,014,000	+1.5%	1,374	+24.9%	1.56%	-8.3%
CDAY	Sell	CERIDIAN HCM HLDG INC COM	$1,834,000	-14.9%	22,200	-18.4%	1.42%	-23.2%
BABA	Sell	ALIBABA GROUP HOLDING LTD ADR SPONSORED	$1,822,000	+6.9%	6,200	-21.5%	1.41%	-3.4%
FB	Sell	FACEBOOK INC COM CL A	$1,807,000	-15.3%	6,900	-26.6%	1.40%	-23.5%
MGK	Sell	VANGUARD MEGA GRWTH IND ETF	$1,668,000	+7.4%	900	-90.5%	1.29%	-3.0%
ARCC	Buy	ARES CAPITAL CORP COM	$1,583,000	+1.9%	113,500	+5.6%	1.23%	-8.0%
TPL	Sell	TEXAS PACIFIC LAND TRUST COM	$1,512,000	-33.1%	3,350	-11.8%	1.17%	-39.6%
V	Sell	VISA INC COM CL A	$1,491,000	-30.7%	7,461	-33.1%	1.16%	-37.5%
MSFT	Buy	Microsoft	$1,425,000	+19.6%	6,773	+15.8%	1.10%	+8.0%
IYK	Sell	ISHARES TRUST U.S. CNSM GD ETF	$1,135,000	-11.1%	7,600	-24.0%	0.88%	-19.7%
MSCI	Buy	MSCI INC COM	$1,123,000	+103.8%	3,150	+90.9%	0.87%	+84.1%
YUMC	Buy	YUM CHINA HOLDINGS INC COM	$1,094,000	+23.1%	19,100	+3.2%	0.85%	+11.1%
OLED	Buy	UNIVERSAL DISPLAY CORP COM	$1,093,000	+32.8%	6,050	+10.0%	0.85%	+19.8%
STZ	Buy	CONSTELLATION BRANDS INC COM CL A	$1,042,000	+10.3%	5,500	+1.9%	0.81%	-0.4%
ELUXY	New	ELECTROLUX AB ADR SPONSORED	$983,000	–	2,100	–	0.76%	–
BRKA	Sell	BERKSHIRE HATHAWAY INC COM CL A	$960,000	-28.2%	3	-40.0%	0.74%	-35.2%
CVS	Sell	CVS HEALTH CORPORATION COM	$946,000	-24.9%	16,203	-16.4%	0.73%	-32.1%
AXON	Buy	AXON ENTERPRISE INC COM	$925,000	-0.8%	10,200	+7.4%	0.72%	-10.4%
RKUNY	Sell	RAKUTEN INC ADR SPONSORED	$925,000	+0.1%	85,500	-19.0%	0.72%	-9.6%
VHT	Buy	Vanguard Health Care ETF	$875,000	+8.6%	4,291	+2.5%	0.68%	-2.0%
JNJ	Sell	Johnson & Johnson	$862,000	+4.1%	5,789	-1.7%	0.67%	-6.0%
GILD	Sell	GILEAD SCIENCES INC COM	$815,000	-32.5%	12,900	-17.8%	0.63%	-39.1%
ABC	Buy	AMERISOURCEBERGEN CORPORATION COM	$814,000	-0.2%	8,400	+3.7%	0.63%	-10.0%
QQQ	New	Powershs QQQ Trust Ser 1	$764,000	–	2,750	–	0.59%	–
ACN	Buy	ACCENTURE PLC	$748,000	+16.1%	3,315	+10.5%	0.58%	+4.9%
IJH	Sell	ISHARES TRUST CORE S&P MCP ETF	$746,000	-8.5%	4,030	-12.0%	0.58%	-17.4%
WMT	Buy	WALMART INC COM	$743,000	+22.2%	5,317	+4.7%	0.58%	+10.3%
MSGS	New	MADISON SQ GARDEN SPORTS CORP COM CL A	$737,000	–	4,900	–	0.57%	–
VOX	Buy	Vanguard Communication Service	$693,000	+21.2%	6,800	+10.7%	0.54%	+9.4%
IRM	Sell	IRON MOUNTAIN INC COM	$669,000	-29.4%	25,000	-31.1%	0.52%	-36.2%
ADBE	Buy	ADOBE SYSTEMS, INC	$652,000	+21.6%	1,330	+8.0%	0.51%	+10.0%
CAG	Sell	CONAGRA BRANDS INC COM	$642,000	+1.4%	1,800	-90.0%	0.50%	-8.5%
DIS	Buy	WALT DISNEY COMPANY COM	$636,000	+27.2%	5,126	+14.4%	0.49%	+14.9%
VCR	Buy	Vanguard Consumer Discretionar	$610,000	+24.2%	2,599	+5.8%	0.47%	+12.1%
MDT	Buy	Medtronic ADR	$606,000	+32.0%	5,840	+16.8%	0.47%	+19.3%
MSGE	Sell	MADISON SQUARE GARDEN ENTERTAI COM CL A	$602,000	-35.5%	8,800	-2.2%	0.47%	-41.8%
MO	Sell	ALTRIA GROUP INC COM	$598,000	-32.2%	15,500	-31.0%	0.46%	-38.7%
VGT	New	Vanguard Information Technolog	$589,000	–	1,890	–	0.46%	–
HD	Buy	HOME DEPOT INC COM	$583,000	+288.7%	2,100	+250.0%	0.45%	+250.4%
JNK	Buy	SPDR SERIES TRUST BLOOMBERG BRCLYS ETF	$579,000	+496.9%	5,557	+477.7%	0.45%	+441.0%
GOOG	Sell	ALPHABET INC COM CL C	$555,000	+30.9%	378	-30.0%	0.43%	+18.1%
COST	Buy	Costco Wholesale Corporation	$547,000	+59.5%	1,540	+36.0%	0.42%	+43.7%
CCI	Buy	Crown Castle International Cor	$541,000	+2.9%	3,252	+3.5%	0.42%	-7.3%
WFCPRL	New	WELLS FARGO & COMPANY 7.5 PERP CONV CL A SRS L	$536,000	–	400	–	0.42%	–
YUM	Sell	YUM BRANDS INC COM	$529,000	-6.4%	5,800	-10.8%	0.41%	-15.5%
MCD	Sell	MCDONALD'S CORPORATION COM	$526,000	+16.4%	2,400	-2.0%	0.41%	+5.2%
CLOU	Buy	GLOBAL X FDS CLOUD COMPUTNG ETF	$525,000	+29.0%	22,000	+15.8%	0.41%	+16.6%
PYPL	Buy	PAYPAL HOLDINGS INC COM	$509,000	+46.3%	2,585	+29.2%	0.40%	+32.1%
FISV	Buy	Fiserv Inc.	$508,000	+7.6%	4,930	+2.0%	0.39%	-2.7%
UNP	Sell	UNION PACIFIC CORP COM	$482,000	-16.2%	2,450	-27.9%	0.37%	-24.3%
PSK	Buy	SPDR SERIES TRUST WELLS FG PFD ETF	$479,000	+68.7%	11,026	+62.3%	0.37%	+52.0%
CSCO	Buy	CISCO SYSTEMS INC COM	$479,000	-14.2%	12,195	+2.0%	0.37%	-22.5%
EMB	Buy	ISHARES TRUST JPMORGAN USD EMG ETF	$456,000	+73.4%	4,120	+71.1%	0.35%	+56.6%
SBAC	Sell	SBA COMMUNICATIONS CORP CL A	$414,000	-57.9%	1,300	-60.6%	0.32%	-62.0%
KAR	Buy	KAR AUCTION SERVICES INC COM	$403,000	+77.5%	28,000	+69.7%	0.31%	+60.0%
GGG	Buy	Graco, Inc.	$395,000	+36.2%	6,446	+6.7%	0.31%	+22.9%
CWB	Sell	SPDR SERIES TRUST BLMBRG BRC CNVRT ETF	$390,000	-52.8%	5,669	-58.5%	0.30%	-57.5%
SHW	Buy	Sherwin-Williams Co.	$389,000	+25.9%	558	+4.3%	0.30%	+14.0%
JPM	Buy	JPMorgan Chase & Co.	$389,000	+6.0%	4,044	+3.6%	0.30%	-4.1%
BIIB	Sell	BIOGEN INC COM	$382,000	-36.5%	1,350	-40.0%	0.30%	-42.7%
AGG	Sell	ISHARES TRUST CORE US AGGBD ET ETF	$370,000	-31.4%	3,137	-31.2%	0.29%	-38.0%
PM	Sell	PHILIP MORRIS INTL INC COM	$359,000	-33.4%	4,800	-37.7%	0.28%	-40.0%
XLI	Buy	SPDR Industrial Select Sector	$356,000	+19.1%	4,625	+6.3%	0.28%	+7.4%
NSA	Buy	National Storage Affiliates Tr	$352,000	+16.9%	10,755	+2.5%	0.27%	+5.8%
UNH	Sell	UNITEDHEALTH GROUP INC COM	$342,000	-3.4%	1,100	-8.3%	0.26%	-12.8%
EMQQ	Sell	EXCHANGE TRADED CONCEPTS TRUST EMQQ EM INTERN ETF	$334,000	-52.8%	6,400	-57.8%	0.26%	-57.4%
DLR	Buy	Digital Realty Trust	$333,000	+20.7%	2,268	+16.7%	0.26%	+8.9%
VIRT	Sell	Virtu Financial, Inc.	$311,000	-50.2%	13,508	-48.9%	0.24%	-55.0%
VNQ	Buy	VANGUARD REAL ESTATE ETF	$307,000	+69.6%	3,893	+69.0%	0.24%	+53.5%
PFE	Sell	Pfizer Inc	$288,000	-18.9%	7,855	-27.6%	0.22%	-26.9%
GLNG	Sell	GOLAR LNG LIMITED COM	$282,000	-21.4%	46,600	-6.0%	0.22%	-28.9%
XOM	Buy	EXXON MOBIL CORPORATION COM	$279,000	+12.5%	8,150	+46.8%	0.22%	+1.4%
EW	Buy	Edwards Lifesciences	$277,000	+24.8%	3,468	+8.0%	0.22%	+12.6%
MRVL	Sell	MARVELL TECH GROUP COM	$277,000	-12.3%	7,000	-22.2%	0.22%	-20.7%
UPS	Sell	UNITED PARCEL SERVICE INC COM CL B	$266,000	-14.5%	1,600	-42.9%	0.21%	-22.8%
ECL	Buy	ECOLAB INC COM	$262,000	+37.9%	1,313	+37.8%	0.20%	+24.5%
WY	Sell	WEYERHAEUSER COMPANY COM NEW	$248,000	-22.3%	8,700	-38.8%	0.19%	-29.9%
TJX	Buy	The TJX Companies, Inc.	$236,000	+32.6%	4,239	+20.5%	0.18%	+19.6%
USPH	Buy	US Physical Therapy Inc.	$226,000	+9.2%	2,596	+1.4%	0.18%	-1.7%
XLRN	Sell	ACCELERON PHARMA COM	$225,000	-60.7%	2,000	-66.7%	0.17%	-64.6%
IPGP	Sell	IPG PHOTONICS CORPORATION COM	$220,000	-42.9%	1,300	-45.8%	0.17%	-48.3%
NEO	Buy	NEOGENOMICS INC COM	$221,000	+256.5%	6,000	+200.0%	0.17%	+222.6%
IBM	Sell	IBM Corporation	$220,000	0.0%	1,810	-0.7%	0.17%	-9.5%
FSLY	New	FASTLY INC COM CL A	$215,000	–	2,300	–	0.17%	–
LX	Buy	LEXINFINTECH HOLDINGS LTD ADR	$202,000	-29.6%	29,600	+9.6%	0.16%	-36.2%
BAC	Buy	BANK OF AMERICA CORP.	$199,000	+21.3%	8,250	+19.5%	0.15%	+9.2%
TIP	Sell	ISHARES TRUST TIPS BD ETF	$198,000	-44.4%	1,573	-45.7%	0.15%	-49.7%
PSX	Sell	PHILLIPS 66 COM	$196,000	-49.5%	3,800	-29.6%	0.15%	-54.4%
LOW	New	LOWE'S COMPANIES INC COM	$196,000	–	1,182	–	0.15%	–
DHR	Sell	DANAHER CORP COM	$193,000	+9.0%	900	-10.0%	0.15%	-1.3%
	New	Jensen Quality Growth Fund Cla	$192,000	–	3,529	–	0.15%	–
OKTA	Buy	Okta, Inc.	$191,000	+18.6%	892	+11.2%	0.15%	+7.2%
CMCSA	Buy	Comcast Corp.	$182,000	+52.9%	3,935	+28.8%	0.14%	+38.2%
DVY	Sell	ISHARES TRUST SELECT DIVID ETF	$180,000	-74.9%	2,211	-75.1%	0.14%	-77.3%
BKLN	Buy	INVESCO EXCHANGE TRADED FUND T SR LN ETF	$181,000	+84.7%	8,359	+82.1%	0.14%	+66.7%
PEP	Buy	PEPSICO INC COM	$179,000	+108.1%	1,294	+99.1%	0.14%	+87.8%
NSC	Buy	NORFOLK SOUTHERN CORP COM	$167,000	+89.8%	784	+56.8%	0.13%	+69.7%
HSY	Buy	HERSHEY COMPANY COM	$164,000	+26.2%	1,150	+15.0%	0.13%	+13.4%
VDC	Buy	Vanguard Consumer Staples ETF	$160,000	+11.1%	981	+1.6%	0.12%	0.0%
PLRX	Buy	PLIANT THERAPEUTICS INC COM	$160,000	-17.9%	7,100	+18.3%	0.12%	-25.7%
XBI	Sell	SPDR S&P Biotech ETF	$140,000	-0.7%	1,258	-0.4%	0.11%	-9.9%
SNX	Sell	SYNNEX CORP COM	$140,000	-86.7%	1,000	-88.6%	0.11%	-88.0%
LHX	Buy	L3Harris Technologies	$141,000	+2.9%	830	+3.1%	0.11%	-7.6%
WDAY	New	WORKDAY INC COM CL A	$139,000	–	650	–	0.11%	–
ZTS	New	ZOETIS INC COM CL A	$137,000	–	835	–	0.11%	–
AMGN	New	AMGEN INC.	$135,000	–	531	–	0.10%	–
AVY	Sell	AVERY DENNISON CORP.	$131,000	+4.8%	1,023	-6.4%	0.10%	-4.7%
BA	Buy	The Boeing Company	$129,000	-7.2%	783	+3.4%	0.10%	-16.0%
HDS	New	HD SUPPLY HOLDINGS INC COM	$123,000	–	3,000	–	0.10%	–
IAA	New	IAA, Inc.	$109,000	–	2,094	–	0.08%	–
VFH	Sell	Vanguard Financials ETF	$104,000	-51.2%	1,770	-73.3%	0.08%	-55.7%
	New	iShares Core S&P Mid-Cap ETF	$102,000	–	550	–	0.08%	–
CHCO	New	City Holding Company	$100,000	–	1,735	–	0.08%	–
IMGN	Sell	IMMUNOGEN INC COM	$100,000	-56.1%	28,000	-43.4%	0.08%	-60.2%
GPK	New	Graphic Packaging Holding Co.	$94,000	–	6,657	–	0.07%	–
NEE	New	NextEra Energy, Inc.	$90,000	–	325	–	0.07%	–
VZ	New	Verizon Communications Inc.	$78,000	–	1,310	–	0.06%	–
HUM	New	Humana, Inc.	$75,000	–	180	–	0.06%	–
WM	New	Waste Management Inc.	$73,000	–	645	–	0.06%	–
CACI	New	CACI INTERNATIONAL INC	$73,000	–	342	–	0.06%	–
SBUX	New	Starbucks Corporation	$71,000	–	825	–	0.06%	–
FITB	New	Fifth Third Bancorp	$70,000	–	3,300	–	0.05%	–
VIAC	New	ViacomCBS Inc.	$64,000	–	2,286	–	0.05%	–
SDY	New	SPDR S&P Dividend ETF	$64,000	–	694	–	0.05%	–
COP	Sell	CONOCOPHILLIPS COM	$65,000	-67.0%	2,000	-57.4%	0.05%	-70.4%
MRK	New	Merck & Co. Inc.	$63,000	–	755	–	0.05%	–
VRSN	New	VeriSign, Inc.	$61,000	–	299	–	0.05%	–
FRC	New	First Republic Bank	$58,000	–	530	–	0.04%	–
CHD	New	Church & Dwight Co., Inc.	$57,000	–	607	–	0.04%	–
XLF	New	Financial Sector ETF	$55,000	–	2,265	–	0.04%	–
INTC	New	Intel Corp.	$53,000	–	1,025	–	0.04%	–
TFC	New	Truist Financial Corp.	$53,000	–	1,399	–	0.04%	–
PANW	New	Palo Alto Networks	$51,000	–	210	–	0.04%	–
HON	New	Honeywell Intl, Inc.	$52,000	–	315	–	0.04%	–
RMD	New	ResMed Inc.	$50,000	–	292	–	0.04%	–
AGIO	Sell	AGIOS PHARMACEUTICALS INC COM	$42,000	-64.4%	1,200	-45.5%	0.03%	-67.3%
TEF	Buy	TELEFONICA SA ADR SPONSORED	$16,000	-27.3%	4,708	+4.2%	0.01%	-36.8%
IBB	Sell	ISHARES TRUST NASDAQ BIOTECH ETF	$6,000	-94.2%	50	-93.3%	0.01%	-94.3%
EDIT	Exit	EDITAS MEDICINE INC COM	$0	–	-111	–	-0.00%	–
ESGD	Exit	ISHARES TRUST ESG MSCI EAFE ETF	$0	–	-440	–	-0.02%	–
ESML	Exit	ISHARES TRUST ESG MSCI USA SML ETF	$0	–	-1,200	–	-0.03%	–
MNLO	Exit	MENLO THERAPEUTICS INC COM	$0	–	-36,012	–	-0.05%	–
NSPRA	Exit	NUSTAR ENERGY LP 8.5 PRF A USD25.00	$0	–	-4,000	–	-0.06%	–
LAMR	Exit	Lamar Advertising Company	$0	–	-1,675	–	-0.10%	–
GSIE	Exit	GOLDMAN SACHS ETF TRUST ACTIVEBETA INT ETF	$0	–	-8,300	–	-0.19%	–
AMLP	Exit	ALPS ETF TRUST ALERIAN MLP ETF	$0	–	-12,961	–	-0.28%	–
INPTF	Exit	BARCLAYS BANK PLC TRK ZT 11/12/36(MSCI EMERG)	$0	–	-7,400	–	-0.41%	–
VIS	Exit	Vanguard Information Technolog	$0	–	-1,882	–	-0.45%	–
PTLA	Exit	PORTOLA PHARMACEUTICALS INC CONTRA-DO NOT SELL	$0	–	-127,729	–	-1.97%	–

Q2 2020

			Value		Shares		↓ Weighting
GBT	New	GLOBAL BLOOD THERAPEUTICS INC COM	$8,753,000	–	138,649	–	7.52%	–
SAFT	New	SAFETY INSURANCE GROUP INC COM	$6,077,000	–	79,687	–	5.22%	–
AMZN	New	AMAZON COM INC COM	$3,763,000	–	1,364	–	3.23%	–
	New	ADYEN NV COM	$3,528,000	–	2,425	–	3.03%	–
SPY	New	S&P 500 Index Fund	$2,532,000	–	8,210	–	2.17%	–
BBIO	New	BRIDGEBIO PHARMA INC COM	$2,427,000	–	74,425	–	2.08%	–
MYOK	New	MYOKARDIA INC COM	$2,358,000	–	24,400	–	2.02%	–
PTLA	New	PORTOLA PHARMACEUTICALS INC CONTRA-DO NOT SELL	$2,298,000	–	127,729	–	1.97%	–
TPL	New	TEXAS PACIFIC LAND TRUST COM	$2,260,000	–	3,800	–	1.94%	–
CDAY	New	CERIDIAN HCM HLDG INC COM	$2,156,000	–	27,200	–	1.85%	–
V	New	VISA INC COM CL A	$2,153,000	–	11,145	–	1.85%	–
FB	New	FACEBOOK INC COM CL A	$2,134,000	–	9,400	–	1.83%	–
GOOGL	New	ALPHABET INC COM CL A	$1,984,000	–	1,100	–	1.70%	–
LLY	New	ELI LILLY AND COMPANY COM	$1,727,000	–	10,518	–	1.48%	–
BABA	New	ALIBABA GROUP HOLDING LTD ADR SPONSORED	$1,704,000	–	7,900	–	1.46%	–
MGK	New	VANGUARD MEGA GRWTH IND ETF	$1,553,000	–	9,500	–	1.33%	–
ARCC	New	ARES CAPITAL CORP COM	$1,553,000	–	107,500	–	1.33%	–
AAPL	New	APPLE INC COM	$1,530,000	–	4,194	–	1.31%	–
IVV	New	ISHARES TRUST CORE S&P500 ETF	$1,502,000	–	4,850	–	1.29%	–
BRKA	New	BERKSHIRE HATHAWAY INC COM CL A	$1,337,000	–	5	–	1.15%	–
IYK	New	ISHARES TRUST U.S. CNSM GD ETF	$1,276,000	–	10,000	–	1.10%	–
CVS	New	CVS HEALTH CORPORATION COM	$1,259,000	–	19,372	–	1.08%	–
FLRN	New	SPDR SERIES TRUST BLOMBERG BRC INV ETF	$1,219,000	–	40,000	–	1.05%	–
GILD	New	GILEAD SCIENCES INC COM	$1,208,000	–	15,700	–	1.04%	–
MSFT	New	Microsoft	$1,191,000	–	5,850	–	1.02%	–
MDB	New	MONGODB INC COM CL A	$1,132,000	–	15,000	–	0.97%	–
SNX	New	SYNNEX CORP COM	$1,054,000	–	8,800	–	0.90%	–
SBAC	New	SBA COMMUNICATIONS CORP CL A	$983,000	–	3,300	–	0.84%	–
IRM	New	IRON MOUNTAIN INC COM	$947,000	–	36,300	–	0.81%	–
STZ	New	CONSTELLATION BRANDS INC COM CL A	$945,000	–	5,400	–	0.81%	–
MSGE	New	MADISON SQUARE GARDEN ENTERTAI COM CL A	$934,000	–	9,000	–	0.80%	–
AXON	New	AXON ENTERPRISE INC COM	$932,000	–	9,500	–	0.80%	–
RKUNY	New	RAKUTEN INC ADR SPONSORED	$924,000	–	105,500	–	0.79%	–
FPX	New	FIRST TRUST EXCHANGE TRADED FD US EQTY OPPT ETF	$922,000	–	11,000	–	0.79%	–
SWKS	New	SKYWORKS SOLUTIONS INC COM	$921,000	–	7,200	–	0.79%	–
COUP	New	COUPA SOFTWARE INCORPORATED COM	$914,000	–	3,300	–	0.78%	–
YUMC	New	YUM CHINA HOLDINGS INC COM	$889,000	–	18,500	–	0.76%	–
MO	New	ALTRIA GROUP INC COM	$882,000	–	22,475	–	0.76%	–
JNJ	New	JOHNSON & JOHNSON COM	$828,000	–	5,889	–	0.71%	–
CWB	New	SPDR SERIES TRUST BLMBRG BRC CNVRT ETF	$827,000	–	13,672	–	0.71%	–
OLED	New	UNIVERSAL DISPLAY CORP COM	$823,000	–	5,500	–	0.71%	–
ABC	New	AMERISOURCEBERGEN CORPORATION COM	$816,000	–	8,100	–	0.70%	–
IJH	New	ISHARES TRUST CORE S&P MCP ETF	$815,000	–	4,580	–	0.70%	–
VHT	New	Vanguard Health Care ETF	$806,000	–	4,185	–	0.69%	–
CMG	New	CHIPOTLE MEXICAN GRILL COM	$737,000	–	700	–	0.63%	–
DVY	New	ISHARES TRUST SELECT DIVID ETF	$717,000	–	8,873	–	0.62%	–
EMQQ	New	EXCHANGE TRADED CONCEPTS TRUST EMQQ EM INTERN ETF	$708,000	–	15,150	–	0.61%	–
XLV	New	SELECT SECTOR SPDR TRUST SBI HEALTHCARE ETF	$670,000	–	6,700	–	0.58%	–
ACN	New	ACCENTURE PLC COM	$644,000	–	3,000	–	0.55%	–
TWLO	New	TWILIO INC COM CL A	$636,000	–	2,900	–	0.55%	–
CAG	New	CONAGRA BRANDS INC COM	$633,000	–	18,000	–	0.54%	–
VIRT	New	Virtu Financial, Inc.	$624,000	–	26,420	–	0.54%	–
BMY	New	BRISTOL-MYERS SQUIBB CO COM	$617,000	–	10,500	–	0.53%	–
WMT	New	WALMART INC COM	$608,000	–	5,077	–	0.52%	–
BIIB	New	BIOGEN INC COM	$602,000	–	2,250	–	0.52%	–
ORLY	New	OREILLY AUTOMOTIVE INC NEW COM	$590,000	–	1,400	–	0.51%	–
UNP	New	UNION PACIFIC CORP COM	$575,000	–	3,400	–	0.49%	–
VOX	New	Vanguard Communication Service	$572,000	–	6,145	–	0.49%	–
XLRN	New	ACCELERON PHARMA COM	$572,000	–	6,000	–	0.49%	–
YUM	New	YUM BRANDS INC COM	$565,000	–	6,500	–	0.48%	–
CSCO	New	CISCO SYSTEMS INC COM	$558,000	–	11,960	–	0.48%	–
ILMN	New	ILLUMINA INC COM	$556,000	–	1,500	–	0.48%	–
MSCI	New	MSCI INC COM	$551,000	–	1,650	–	0.47%	–
PM	New	PHILIP MORRIS INTL INC COM	$539,000	–	7,700	–	0.46%	–
AGG	New	ISHARES TRUST CORE US AGGBD ET ETF	$539,000	–	4,558	–	0.46%	–
MKC	New	MCCORMICK & COMPANY INC COM	$538,000	–	3,000	–	0.46%	–
ADBE	New	Adobe Systems, Inc.	$536,000	–	1,232	–	0.46%	–
CCI	New	Crown Castle International Cor	$526,000	–	3,142	–	0.45%	–
VIS	New	Vanguard Information Technolog	$525,000	–	1,882	–	0.45%	–
EMLP	New	FIRST TR EXCHANGE TRADED FD IV NO AMER ENERGY ETF	$518,000	–	26,000	–	0.44%	–
DIS	New	WALT DISNEY COMPANY (THE) COM	$500,000	–	4,481	–	0.43%	–
VCR	New	Vanguard Consumer Discretionar	$491,000	–	2,457	–	0.42%	–
INPTF	New	BARCLAYS BANK PLC TRK ZT 11/12/36(MSCI EMERG)	$477,000	–	7,400	–	0.41%	–
FISV	New	Fiserv Inc.	$472,000	–	4,835	–	0.40%	–
IWM	New	ISHARES TRUST RUSSELL 2000 ETF	$462,000	–	3,230	–	0.40%	–
MDT	New	MEDTRONIC PLC COM	$459,000	–	5,000	–	0.39%	–
MCD	New	MCDONALD'S CORPORATION COM	$452,000	–	2,448	–	0.39%	–
PRSP	New	PERSPECTA INC COM	$441,000	–	19,000	–	0.38%	–
GOOG	New	ALPHABET INC COM CL C	$424,000	–	540	–	0.36%	–
CLOU	New	GLOBAL X FDS CLOUD COMPUTNG ETF	$407,000	–	19,000	–	0.35%	–
PSX	New	PHILLIPS 66 COM	$388,000	–	5,400	–	0.33%	–
IPGP	New	IPG PHOTONICS CORPORATION COM	$385,000	–	2,400	–	0.33%	–
CBOE	New	CBOE GLOBAL MARKETS INC COM	$373,000	–	4,000	–	0.32%	–
JPM	New	JPMorgan Chase & Co.	$367,000	–	3,904	–	0.32%	–
GLNG	New	GOLAR LNG LIMITED COM	$359,000	–	49,600	–	0.31%	–
TIP	New	ISHARES TRUST TIPS BD ETF	$356,000	–	2,897	–	0.31%	–
PFE	New	Pfizer Inc	$355,000	–	10,855	–	0.30%	–
UNH	New	UNITEDHEALTH GROUP INC COM	$354,000	–	1,200	–	0.30%	–
PYPL	New	PAYPAL HOLDINGS INC COM	$348,000	–	2,000	–	0.30%	–
CQP	New	Cheniere Energy Partners, LP	$348,000	–	9,945	–	0.30%	–
COST	New	Costco Wholesale Corporation	$343,000	–	1,132	–	0.30%	–
ABBV	New	ABBVIE INC COM	$344,000	–	3,500	–	0.30%	–
AMLP	New	ALPS ETF TRUST ALERIAN MLP ETF	$320,000	–	12,961	–	0.28%	–
WY	New	WEYERHAEUSER COMPANY COM NEW	$319,000	–	14,220	–	0.27%	–
MRVL	New	MARVELL TECH GROUP COM	$316,000	–	9,000	–	0.27%	–
UPS	New	UNITED PARCEL SERVICE INC COM CL B	$311,000	–	2,800	–	0.27%	–
SHW	New	Sherwin-Williams Co.	$309,000	–	535	–	0.26%	–
NSA	New	National Storage Affiliates Tr	$301,000	–	10,495	–	0.26%	–
XLI	New	SPDR Industrial Select Sector	$299,000	–	4,350	–	0.26%	–
MA	New	MASTERCARD INCORPORATED COM CL A	$296,000	–	1,000	–	0.25%	–
GGG	New	Graco, Inc.	$290,000	–	6,041	–	0.25%	–
LX	New	LEXINFINTECH HOLDINGS LTD ADR	$287,000	–	27,000	–	0.25%	–
PSK	New	SPDR SERIES TRUST WELLS FG PFD ETF	$284,000	–	6,793	–	0.24%	–
RTX	New	RAYTHEON TECH CORP COM	$277,000	–	4,500	–	0.24%	–
DLR	New	Digital Realty Trust	$276,000	–	1,943	–	0.24%	–
CTVA	New	CORTEVA INC COM	$268,000	–	10,000	–	0.23%	–
DD	New	DUPONT DE NEMOURS INC COM	$266,000	–	5,000	–	0.23%	–
EMB	New	ISHARES TRUST JPMORGAN USD EMG ETF	$263,000	–	2,408	–	0.23%	–
SUSA	New	ISHARES TRUST MSCI USA ESG SLC ETF	$250,000	–	1,870	–	0.22%	–
XOM	New	EXXON MOBIL CORPORATION COM	$248,000	–	5,550	–	0.21%	–
IMGN	New	IMMUNOGEN INC COM	$228,000	–	49,500	–	0.20%	–
KAR	New	KAR AUCTION SERVICES INC COM	$227,000	–	16,500	–	0.20%	–
EW	New	Edwards Lifesciences	$222,000	–	3,210	–	0.19%	–
GSIE	New	GOLDMAN SACHS ETF TRUST ACTIVEBETA INT ETF	$221,000	–	8,300	–	0.19%	–
IBM	New	IBM Corporation	$220,000	–	1,823	–	0.19%	–
VFH	New	Vanguard Financials ETF	$213,000	–	6,620	–	0.18%	–
IEF	New	ISHARES TRUST BARCLAYS 7 10 YR ETF	$208,000	–	1,709	–	0.18%	–
USPH	New	US Physical Therapy Inc.	$207,000	–	2,561	–	0.18%	–
THRM	New	GENTHERM INC COM	$206,000	–	5,300	–	0.18%	–
LUV	New	SOUTHWEST AIRLINES CO COM	$205,000	–	6,000	–	0.18%	–
DOW	New	DOW INC COM	$204,000	–	5,000	–	0.18%	–
COP	New	CONOCOPHILLIPS COM	$197,000	–	4,700	–	0.17%	–
PLRX	New	PLIANT THERAPEUTICS INC COM	$195,000	–	6,000	–	0.17%	–
NVDA	New	NVIDIA CORP COM	$190,000	–	500	–	0.16%	–
ECL	New	ECOLAB INC COM	$190,000	–	953	–	0.16%	–
CL	New	COLGATE-PALMOLIVE CO COM	$183,000	–	2,500	–	0.16%	–
VNQ	New	VANGUARD REAL ESTATE ETF	$181,000	–	2,304	–	0.16%	–
TJX	New	The TJX Companies, Inc.	$178,000	–	3,519	–	0.15%	–
DHR	New	DANAHER CORP COM	$177,000	–	1,000	–	0.15%	–
DLTR	New	DOLLAR TREE INC COM	$176,000	–	1,900	–	0.15%	–
BAC	New	Bank of America Corp.	$164,000	–	6,905	–	0.14%	–
OKTA	New	Okta, Inc.	$161,000	–	802	–	0.14%	–
RDY	New	DR REDDYS LABORATORIES ADR SPONSORED	$159,000	–	3,000	–	0.14%	–
HD	New	Home Depot Inc.	$150,000	–	600	–	0.13%	–
INDA	New	ISHARES TRUST MSCI INDIA ETF	$145,000	–	5,000	–	0.12%	–
VDC	New	Vanguard Consumer Staples ETF	$144,000	–	966	–	0.12%	–
CCXI	New	CHEMOCENTRYX INC COM	$144,000	–	2,500	–	0.12%	–
PEAK	New	HEALTHPEAK PROPERTIES INC COM	$143,000	–	5,176	–	0.12%	–
XBI	New	SPDR S&P Biotech ETF	$141,000	–	1,263	–	0.12%	–
BA	New	The Boeing Company	$139,000	–	757	–	0.12%	–
FDIS	New	FIDELITY COVINGTON TRUST MSCI CONSM DIS ETF	$137,000	–	2,626	–	0.12%	–
LHX	New	L3Harris Technologies	$137,000	–	805	–	0.12%	–
FHLC	New	FIDELITY COVINGTON TRUST MSCI HLTH CARE I ETF	$134,000	–	2,700	–	0.12%	–
IGIB	New	ISHARES TRUST INTRM TR CRP ETF	$133,000	–	2,200	–	0.11%	–
HSY	New	HERSHEY COMPANY COM	$130,000	–	1,000	–	0.11%	–
BC	New	BRUNSWICK CORP COM	$128,000	–	2,000	–	0.11%	–
WAT	New	WATERS CORP COM	$126,000	–	700	–	0.11%	–
AVY	New	Avery Dennison Corp.	$125,000	–	1,093	–	0.11%	–
DISCA	New	Discovery Communications, Inc.	$125,000	–	5,935	–	0.11%	–
EEM	New	ISHARES TRUST MSCI EMG MKT ETF	$120,000	–	3,000	–	0.10%	–
CMCSA	New	Comcast Corp.	$119,000	–	3,055	–	0.10%	–
AGIO	New	AGIOS PHARMACEUTICALS INC COM	$118,000	–	2,200	–	0.10%	–
BOND	New	PIMCO ETF TRUST ACTIVE BD ETF	$112,000	–	1,000	–	0.10%	–
LAMR	New	Lamar Advertising Company	$112,000	–	1,675	–	0.10%	–
VPU	New	Vanguard Utilities ETF	$112,000	–	902	–	0.10%	–
O	New	Realty Income Corp.	$109,000	–	1,832	–	0.09%	–
LIN	New	LINDE PLC COM	$106,000	–	500	–	0.09%	–
IBB	New	ISHARES TRUST NASDAQ BIOTECH ETF	$103,000	–	750	–	0.09%	–
CAT	New	CATERPILLAR INC COM	$101,000	–	800	–	0.09%	–
AAP	New	ADVANCE AUTO PARTS INC COM	$100,000	–	700	–	0.09%	–
LYB	New	LYONDELLBASELL INDUSTRIES N V COM	$99,000	–	1,500	–	0.08%	–
BKLN	New	INVESCO EXCHANGE TRADED FUND T SR LN ETF	$98,000	–	4,590	–	0.08%	–
JNK	New	SPDR SERIES TRUST BLOOMBERG BRCLYS ETF	$97,000	–	962	–	0.08%	–
FSTA	New	FIDELITY COVINGTON TRUST CONSMR STAPLES ETF	$96,000	–	2,750	–	0.08%	–
NFLX	New	NETFLIX INC COM	$91,000	–	200	–	0.08%	–
NSC	New	NORFOLK SOUTHERN CORP COM	$88,000	–	500	–	0.08%	–
BRKB	New	BERKSHIRE HATHAWAY INC COM CL B	$89,000	–	500	–	0.08%	–
CLX	New	CLOROX CO COM	$88,000	–	400	–	0.08%	–
ELAN	New	ELANCO ANIMAL HEALTH INC COM	$86,000	–	4,000	–	0.07%	–
PEP	New	PEPSICO INC COM	$86,000	–	650	–	0.07%	–
KO	New	COCA-COLA CO COM	$77,000	–	1,720	–	0.07%	–
WMB	New	WILLIAMS COMPANIES INC COM	$76,000	–	4,000	–	0.06%	–
NSPRA	New	NUSTAR ENERGY LP 8.5 PRF A USD25.00	$69,000	–	4,000	–	0.06%	–
MNLO	New	MENLO THERAPEUTICS INC COM	$62,000	–	36,012	–	0.05%	–
NEO	New	NEOGENOMICS INC COM	$62,000	–	2,000	–	0.05%	–
XSOE	New	WISDOMTREE TRUST EM EX ST-OWNED ETF	$56,000	–	1,870	–	0.05%	–
TCOM	New	TRIP COM GROUP LTD ADR	$52,000	–	2,000	–	0.04%	–
AVYA	New	AVAYA HOLDINGS CORP COM	$49,000	–	4,000	–	0.04%	–
NXTG	New	FIRST TR EXCHANGE TRADED FD II INDXX NEXTG ETF	$49,000	–	900	–	0.04%	–
LIVN	New	LIVANOVA PLC COM	$48,000	–	1,000	–	0.04%	–
CVX	New	CHEVRON CORPORATION COM	$45,000	–	500	–	0.04%	–
JAZZ	New	JAZZ PHARMACEUTICALS PLC COM	$44,000	–	400	–	0.04%	–
PG	New	PROCTER & GAMBLE CO COM	$42,000	–	350	–	0.04%	–
XLE	New	SELECT SECTOR SPDR TRUST ENERGY ETF	$40,000	–	1,050	–	0.03%	–
BAX	New	BAXTER INTERNATIONAL INC COM	$34,000	–	400	–	0.03%	–
FTV	New	FORTIVE CORP COM	$34,000	–	500	–	0.03%	–
VVR	New	INVESCO VAN KAMPEN SR INCOME T COM	$31,000	–	9,000	–	0.03%	–
T	New	AT&T INC COM	$30,000	–	1,000	–	0.03%	–
ESML	New	ISHARES TRUST ESG MSCI USA SML ETF	$30,000	–	1,200	–	0.03%	–
OTIS	New	OTIS WORLDWIDE CORP COM	$28,000	–	500	–	0.02%	–
ESGD	New	ISHARES TRUST ESG MSCI EAFE ETF	$27,000	–	440	–	0.02%	–
MCR	New	MFS CHARTER INCOME TRUST SH BEN INT	$24,000	–	3,000	–	0.02%	–
DVN	New	DEVON ENERGY CORP COM	$23,000	–	2,000	–	0.02%	–
TEF	New	TELEFONICA SA ADR SPONSORED	$22,000	–	4,520	–	0.02%	–
AEB	New	AEGON NV FLOATING RATE PERP CAP SECS	$22,000	–	1,000	–	0.02%	–
CARR	New	CARRIER GLOBAL CORPORATION COM	$22,000	–	1,000	–	0.02%	–
ORCL	New	ORACLE CORP COM	$22,000	–	400	–	0.02%	–
MEN	New	BLACKROCK MUNIENHANCED FD INC COM	$21,000	–	1,950	–	0.02%	–
OXY	New	OCCIDENTAL PETROLEUM CORP COM	$18,000	–	1,000	–	0.02%	–
DRH	New	DIAMONDROCK HOSPITALITY CO COM	$17,000	–	3,090	–	0.02%	–
MVF	New	BLACKROCK MUNIVEST FUND INC COM	$16,000	–	1,950	–	0.01%	–
ET	New	ENERGY TRANSFER LP COM UT LTD PTN	$14,000	–	1,920	–	0.01%	–
BP	New	BP ADR SPONSORED	$14,000	–	600	–	0.01%	–
AXP	New	AMERICAN EXPRESS CO COM	$14,000	–	150	–	0.01%	–
ABT	New	ABBOTT LABORATORIES COM	$14,000	–	150	–	0.01%	–
RYTM	New	RHYTHM PHARMACEUTICALS INC COM	$12,000	–	554	–	0.01%	–
NUE	New	NUCOR CORP COM	$12,000	–	300	–	0.01%	–
CHX	New	CHAMPIONX CORPORATION COM	$11,000	–	1,159	–	0.01%	–
SUN	New	SUNOCO LP COM UT REP LP	$11,000	–	500	–	0.01%	–
SVC	New	SERVICE PROPERTIES TRUST COM USD0.01 SH BEN INT	$9,000	–	1,300	–	0.01%	–
MU	New	MICRON TECHNOLOGY INC COM	$9,000	–	175	–	0.01%	–
VKTX	New	VIKING THERAPEUTICS INC COM	$6,000	–	800	–	0.01%	–
QMCO	New	QUANTUM CORPORATION COM	$4,000	–	1,000	–	0.00%	–
EDIT	New	EDITAS MEDICINE INC COM	$3,000	–	111	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
ABT	Exit	ABBOTT LABS	$0	–	-150	–	-0.01%	–
XLE	Exit	ENERGY SELECT SECTOR SPDRetf	$0	–	-500	–	-0.03%	–
KMI	Exit	KINDER MORGAN	$0	–	-1,500	–	-0.03%	–
EXPR	Exit	Express, Inc.	$0	–	-10,203	–	-0.04%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-500	–	-0.06%	–
TCOM	Exit	CTRIP.COM INTL LTDadr	$0	–	-2,000	–	-0.06%	–
CAG	Exit	CONAGRA BRANDS	$0	–	-2,000	–	-0.06%	–
FOMX	Exit	FOAMIX PHARMACEUTICALS	$0	–	-20,000	–	-0.06%	–
CCXI	Exit	CHEMOCENTRYX INC	$0	–	-10,000	–	-0.07%	–
BRKB	Exit	BERKSHIRE HATHAWAY B	$0	–	-349	–	-0.07%	–
LIVN	Exit	LIVANOVA PLC SHS	$0	–	-1,000	–	-0.08%	–
IBB	Exit	ISHARES NASDAQ BIOTECHNOLOGYetf	$0	–	-750	–	-0.08%	–
KO	Exit	COCA COLA CO	$0	–	-1,520	–	-0.08%	–
DGRO	Exit	ISHARES CORE DIVIDEND GROWTHetf	$0	–	-2,185	–	-0.09%	–
BOND	Exit	PIMCO ACTIVE BONDetf	$0	–	-1,000	–	-0.11%	–
ECON	Exit	COLUMBIA EMERGING MARKETSetf	$0	–	-5,000	–	-0.11%	–
IR	Exit	INGERSOLL-RAND PLC SHS	$0	–	-900	–	-0.11%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-2,500	–	-0.11%	–
IGIB	Exit	ISHARES INTERMEDIATE-TERM BONDetf	$0	–	-2,200	–	-0.13%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-5,600	–	-0.14%	–
NVDA	Exit	NVIDIA CORP	$0	–	-800	–	-0.14%	–
IMGN	Exit	IMMUNOGEN INC	$0	–	-61,500	–	-0.15%	–
	Exit	FIDELITY SMALL CAP INDEX FUNDetf	$0	–	-8,058	–	-0.16%	–
	Exit	FIDELITY MID CAP INDEX FUNDetf	$0	–	-6,977	–	-0.16%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-2,500	–	-0.19%	–
GNRC	Exit	GENERAC HLDGS INC	$0	–	-4,300	–	-0.20%	–
AGIO	Exit	AGIOS PHARMACEUTICALS INC	$0	–	-6,100	–	-0.20%	–
WAT	Exit	WATERS CP	$0	–	-900	–	-0.20%	–
VPU	Exit	Vanguard Utilities ETF	$0	–	-1,566	–	-0.23%	–
DHR	Exit	DANAHER CORP	$0	–	-1,000	–	-0.23%	–
VDC	Exit	Vanguard Consumer Staples ETF	$0	–	-1,489	–	-0.24%	–
FITB	Exit	Fifth Third Bancorp	$0	–	-8,660	–	-0.24%	–
FUN	Exit	Cedar Fair, LP	$0	–	-4,164	–	-0.24%	–
DLR	Exit	Digital Realty Trust	$0	–	-1,942	–	-0.26%	–
EEM	Exit	ISHARES MSCI EMERGING MARKETSetf	$0	–	-6,180	–	-0.26%	–
DOW	Exit	DOW INC	$0	–	-5,427	–	-0.26%	–
UNH	Exit	UNITEDHEALTH GROUP	$0	–	-1,200	–	-0.26%	–
HSY	Exit	HERSHEY CO	$0	–	-1,700	–	-0.27%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-3,760	–	-0.27%	–
CAT	Exit	CATERPILLAR INC	$0	–	-2,150	–	-0.28%	–
MA	Exit	MASTERCARD INC	$0	–	-1,000	–	-0.28%	–
LYB	Exit	LYONDELLBASELL	$0	–	-3,100	–	-0.28%	–
EFA	Exit	ISHARES MSCI EAFEetf	$0	–	-4,380	–	-0.29%	–
COST	Exit	Costco Wholesale Corporation	$0	–	-1,003	–	-0.29%	–
BAC	Exit	Bank of America Corp.	$0	–	-9,910	–	-0.29%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-2,800	–	-0.29%	–
BA	Exit	The Boeing Company	$0	–	-789	–	-0.30%	–
COUP	Exit	COUPA SOFTWARE	$0	–	-2,400	–	-0.31%	–
GGG	Exit	Graco, Inc.	$0	–	-6,762	–	-0.31%	–
SUSA	Exit	ISHARES MSCI USA ESG SELECTetf	$0	–	-2,528	–	-0.32%	–
ADBE	Exit	Adobe Systems, Inc.	$0	–	-1,162	–	-0.32%	–
IJH	Exit	ISHARES S&P SMALLCAP 600 VALUEetf	$0	–	-1,800	–	-0.32%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-6,000	–	-0.33%	–
IPGP	Exit	IPG PHOTONICS CORP	$0	–	-2,400	–	-0.33%	–
THRM	Exit	GENTHERM INC	$0	–	-8,200	–	-0.34%	–
ABBV	Exit	ABBVIE INC	$0	–	-4,600	–	-0.35%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,662	–	-0.36%	–
VGT	Exit	Vanguard Information Technolog	$0	–	-1,670	–	-0.36%	–
BC	Exit	BRUNSWICK CORP	$0	–	-7,000	–	-0.37%	–
USPH	Exit	US Physical Therapy Inc.	$0	–	-2,828	–	-0.37%	–
SHW	Exit	Sherwin-Williams Co.	$0	–	-673	–	-0.37%	–
VFH	Exit	Vanguard Financials ETF	$0	–	-5,406	–	-0.38%	–
UPS	Exit	UNITED PARCEL SERVICE	$0	–	-3,200	–	-0.39%	–
AVYA	Exit	AVAYA HLDGS CORP	$0	–	-37,600	–	-0.39%	–
CBOE	Exit	CBOE GLOBAL MARKETS INC	$0	–	-4,300	–	-0.40%	–
NSA	Exit	National Storage Affiliates Tr	$0	–	-12,447	–	-0.42%	–
XLI	Exit	SPDR Industrial Select Sector	$0	–	-5,410	–	-0.42%	–
AGG	Exit	ISHARES AGGREGATE BONDetf	$0	–	-3,870	–	-0.44%	–
CCI	Exit	Crown Castle International Cor	$0	–	-3,309	–	-0.46%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-8,175	–	-0.47%	–
CY	Exit	CYPRESS SEMICONDUCTOR CORP	$0	–	-20,000	–	-0.47%	–
IRM	Exit	IRON MOUNTAINreit	$0	–	-14,722	–	-0.48%	–
EMQQ	Exit	EMERGING INTERNET & ECOMMERCEetf	$0	–	-15,800	–	-0.50%	–
AXON	Exit	AXON ENTERPRISE INC	$0	–	-10,500	–	-0.50%	–
BBIO	Exit	BRIDGEBIO PHARMA	$0	–	-23,500	–	-0.51%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL	$0	–	-600	–	-0.51%	–
VNQ	Exit	VANGUARD REAL ESTATEetf	$0	–	-5,462	–	-0.51%	–
IBM	Exit	IBM Corporation	$0	–	-3,507	–	-0.52%	–
MNST	Exit	MONSTER BEVERAGE CORP	$0	–	-8,800	–	-0.52%	–
CQP	Exit	Cheniere Energy Partners, LP	$0	–	-11,410	–	-0.52%	–
YUM	Exit	YUM BRANDS INC	$0	–	-4,600	–	-0.53%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-6,600	–	-0.53%	–
MSGS	Exit	MADISON SQUARE GARDEN	$0	–	-2,000	–	-0.53%	–
ARCC	Exit	ARES CAP CORP	$0	–	-28,800	–	-0.54%	–
ILMN	Exit	ILLUMINA INC	$0	–	-1,700	–	-0.55%	–
INPTF	Exit	BARCLAYS MSCO INDIA FUNDetf	$0	–	-7,000	–	-0.57%	–
FISV	Exit	Fiserv Inc.	$0	–	-5,455	–	-0.57%	–
PFE	Exit	PFIZER INC	$0	–	-15,891	–	-0.58%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-8,600	–	-0.61%	–
MDT	Exit	MEDTRONIC PLC SHS	$0	–	-5,700	–	-0.62%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-22,540	–	-0.63%	–
WMT	Exit	Wal-Mart Stores Inc.	$0	–	-5,285	–	-0.63%	–
	Exit	AMERISOURCEBERGEN CORP	$0	–	-7,700	–	-0.64%	–
PSX	Exit	PHILLIPS 66	$0	–	-6,200	–	-0.64%	–
JPM	Exit	JPMorgan Chase & Co.	$0	–	-5,407	–	-0.64%	–
VCR	Exit	Vanguard Consumer Discretionar	$0	–	-3,550	–	-0.65%	–
GLNG	Exit	GOLAR LNG LTD SHS	$0	–	-50,000	–	-0.66%	–
VOX	Exit	Vanguard Communication Service	$0	–	-7,716	–	-0.68%	–
MGK	Exit	VANGUARD MEGA CAP GROWTHetf	$0	–	-5,700	–	-0.68%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-14,101	–	-0.70%	–
EMLP	Exit	FIRST TRUST NA ENERGY FUNDetf	$0	–	-27,500	–	-0.71%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-4,400	–	-0.72%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-3,150	–	-0.74%	–
VHT	Exit	Vanguard Health Care ETF	$0	–	-4,402	–	-0.75%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-10,000	–	-0.77%	–
MSFT	Exit	Microsoft	$0	–	-6,143	–	-0.86%	–
GOOG	Exit	Alphabet Inc. Class C	$0	–	-700	–	-0.86%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-6,719	–	-0.86%	–
YUMC	Exit	YUM CHINA HLDGS INC	$0	–	-20,000	–	-0.92%	–
OLED	Exit	UNIVERSAL DISPLAY CORP	$0	–	-5,700	–	-0.97%	–
IWM	Exit	ISHARES RUSSELL 2000etf	$0	–	-6,410	–	-0.98%	–
SBAC	Exit	SBA COMMUNICATIONS CPreit	$0	–	-4,200	–	-1.02%	–
AAPL	Exit	APPLE INC	$0	–	-4,617	–	-1.04%	–
RKUNY	Exit	RAKUTEN INCadr	$0	–	-111,500	–	-1.10%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-27,375	–	-1.13%	–
IYK	Exit	ISHARES US CONSUMER GOODSetf	$0	–	-8,900	–	-1.14%	–
MDB	Exit	MONGODB INC CL A	$0	–	-8,000	–	-1.14%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-18,122	–	-1.16%	–
STZ	Exit	CONSTELLATION BRANDS	$0	–	-5,550	–	-1.16%	–
	Exit	FIDELITY 500 INDEX FUNDetf	$0	–	-12,086	–	-1.27%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-21,000	–	-1.34%	–
BABA	Exit	ALIBABA GROUP HLDG LTDadr	$0	–	-8,000	–	-1.35%	–
GOOGL	Exit	ALPHABET A	$0	–	-1,050	–	-1.35%	–
CDAY	Exit	CERIDIAN HCM HLDG INC	$0	–	-28,600	–	-1.43%	–
DVY	Exit	ISHARES DJ SELECT DIVIDENDetf	$0	–	-14,846	–	-1.53%	–
BRKA	Exit	BERKSHIRE HATHAWAY A	$0	–	-6	–	-1.89%	–
FB	Exit	FACEBOOK INC A	$0	–	-10,800	–	-1.94%	–
SPY	Exit	S&P 500 Index Fund	$0	–	-6,485	–	-1.94%	–
V	Exit	VISA INC	$0	–	-11,211	–	-1.95%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-1,185	–	-2.08%	–
TPL	Exit	TEXAS PAC LD TR SUB CTF PROP I	$0	–	-3,600	–	-2.36%	–
IVV	Exit	ISHARES S&P 500 INDEXetf	$0	–	-11,270	–	-2.97%	–
MYOK	Exit	MYOKARDIA INC	$0	–	-85,500	–	-4.50%	–
PTLA	Exit	PORTOLA PHARMACEUTICALS INC	$0	–	-311,132	–	-8.43%	–
GBT	Exit	GLOBAL BLOOD THERAPEUTICS INC	$0	–	-242,014	–	-11.86%	–

Q3 2019

			Value		Shares		↓ Weighting
GBT	Sell	GLOBAL BLOOD THERAPEUTICS INC	$11,742,000	-8.8%	242,014	-1.2%	11.86%	+93.0%
PTLA	Sell	PORTOLA PHARMACEUTICALS INC	$8,345,000	-3.6%	311,132	-2.5%	8.43%	+104.1%
MYOK	Sell	MYOKARDIA INC	$4,459,000	-5.4%	85,500	-9.0%	4.50%	+100.4%
IVV	Buy	ISHARES S&P 500 INDEXetf	$2,940,000	+37.8%	11,270	+55.7%	2.97%	+191.7%
TPL	Buy	TEXAS PAC LD TR SUB CTF PROP I	$2,339,000	-13.8%	3,600	+4.3%	2.36%	+82.5%
AMZN	Sell	AMAZON.COM INC	$2,057,000	-55.0%	1,185	-51.1%	2.08%	-4.7%
V	Sell	VISA INC	$1,928,000	-56.9%	11,211	-56.5%	1.95%	-8.6%
SPY	Sell	S&P 500 Index Fund	$1,925,000	+0.2%	6,485	-1.1%	1.94%	+112.3%
FB	Buy	FACEBOOK INC A	$1,923,000	-7.5%	10,800	+0.3%	1.94%	+95.9%
DVY	Sell	ISHARES DJ SELECT DIVIDENDetf	$1,514,000	-6.7%	14,846	-8.9%	1.53%	+97.5%
GOOGL	Sell	ALPHABET A	$1,338,000	+3.8%	1,050	-17.3%	1.35%	+119.8%
GILD	Sell	GILEAD SCIENCES	$1,331,000	-15.0%	21,000	-9.3%	1.34%	+80.1%
	New	FIDELITY 500 INDEX FUNDetf	$1,256,000	–	12,086	–	1.27%	–
STZ	New	CONSTELLATION BRANDS	$1,150,000	–	5,550	–	1.16%	–
CVS	Buy	CVS HEALTH CORP	$1,143,000	+25.3%	18,122	+7.1%	1.16%	+165.5%
MDB	Buy	MONGODB INC CL A	$1,127,000	+14.0%	8,000	+23.1%	1.14%	+141.1%
IYK	Buy	ISHARES US CONSUMER GOODSetf	$1,126,000	+11.7%	8,900	+7.2%	1.14%	+136.4%
MO	Buy	ALTRIA GROUP INC	$1,120,000	-11.3%	27,375	+2.6%	1.13%	+87.9%
AAPL	Sell	APPLE INC	$1,034,000	-80.3%	4,617	-82.6%	1.04%	-58.2%
IWM	Sell	ISHARES RUSSELL 2000etf	$970,000	-12.5%	6,410	-10.1%	0.98%	+85.3%
OLED	Sell	UNIVERSAL DISPLAY CORP	$957,000	-17.9%	5,700	-8.1%	0.97%	+73.9%
JNJ	Sell	JOHNSON & JOHNSON	$856,000	-70.5%	6,719	-67.7%	0.86%	-37.4%
GOOG	Sell	Alphabet Inc. Class C	$855,000	-69.1%	700	-72.8%	0.86%	-34.6%
MSFT	Sell	Microsoft	$854,000	-83.6%	6,143	-84.2%	0.86%	-65.2%
PM	Buy	PHILIP MORRIS INTL INC	$759,000	+12.4%	10,000	+16.3%	0.77%	+138.2%
VHT	Sell	Vanguard Health Care ETF	$738,000	-82.2%	4,402	-81.6%	0.75%	-62.3%
BIIB	Buy	BIOGEN IDEC INC	$733,000	+14.0%	3,150	+14.5%	0.74%	+141.0%
EMLP	New	FIRST TRUST NA ENERGY FUNDetf	$703,000	–	27,500	–	0.71%	–
CSCO	Sell	Cisco Systems Inc.	$697,000	-83.5%	14,101	-81.8%	0.70%	-65.2%
MGK	Buy	VANGUARD MEGA CAP GROWTHetf	$676,000	+16.0%	5,700	+26.7%	0.68%	+145.7%
VOX	Sell	Vanguard Communication Service	$669,000	-84.4%	7,716	-84.4%	0.68%	-66.8%
GLNG	Buy	GOLAR LNG LTD SHS	$650,000	-25.2%	50,000	+6.4%	0.66%	+58.3%
VCR	Sell	Vanguard Consumer Discretionar	$639,000	-85.1%	3,550	-85.2%	0.65%	-68.5%
JPM	Sell	JPMorgan Chase & Co.	$636,000	-85.0%	5,407	-85.8%	0.64%	-68.4%
	Buy	AMERISOURCEBERGEN CORP	$634,000	+58.1%	7,700	+63.8%	0.64%	+235.1%
WMT	Sell	Wal-Mart Stores Inc.	$627,000	-81.7%	5,285	-82.9%	0.63%	-61.2%
MDT	Buy	MEDTRONIC PLC SHS	$619,000	+35.2%	5,700	+21.3%	0.62%	+186.7%
XOM	Sell	EXXON MOBIL CORP	$607,000	-62.3%	8,600	-59.0%	0.61%	-20.2%
PFE	Sell	PFIZER INC	$571,000	-79.7%	15,891	-75.5%	0.58%	-56.9%
FISV	Sell	Fiserv Inc.	$565,000	-79.7%	5,455	-82.1%	0.57%	-57.0%
INPTF	New	BARCLAYS MSCO INDIA FUNDetf	$560,000	–	7,000	–	0.57%	–
ARCC	Buy	ARES CAP CORP	$537,000	+7.6%	28,800	+3.6%	0.54%	+127.7%
YUM	Sell	YUM BRANDS INC	$522,000	-15.8%	4,600	-17.9%	0.53%	+78.0%
CQP	Sell	Cheniere Energy Partners, LP	$519,000	-83.1%	11,410	-84.4%	0.52%	-64.3%
MNST	Sell	MONSTER BEVERAGE CORP	$511,000	-25.8%	8,800	-18.5%	0.52%	+56.8%
IBM	Sell	IBM Corporation	$510,000	-83.7%	3,507	-84.5%	0.52%	-65.4%
BBIO	New	BRIDGEBIO PHARMA	$504,000	–	23,500	–	0.51%	–
EMQQ	New	EMERGING INTERNET & ECOMMERCEetf	$493,000	–	15,800	–	0.50%	–
COP	Buy	CONOCOPHILLIPS	$466,000	-2.9%	8,175	+3.8%	0.47%	+105.7%
CCI	Sell	Crown Castle International Cor	$460,000	-82.0%	3,309	-83.1%	0.46%	-61.8%
XLI	Sell	SPDR Industrial Select Sector	$420,000	-85.9%	5,410	-86.0%	0.42%	-70.2%
NSA	Sell	National Storage Affiliates Tr	$415,000	-70.4%	12,447	-74.3%	0.42%	-37.3%
CBOE	Buy	CBOE GLOBAL MARKETS INC	$395,000	+36.2%	4,300	+53.6%	0.40%	+189.1%
UPS	Sell	UNITED PARCEL SERVICE	$384,000	-11.5%	3,200	-23.8%	0.39%	+87.4%
VFH	Sell	Vanguard Financials ETF	$378,000	-24.9%	5,406	-25.8%	0.38%	+59.2%
SHW	Sell	Sherwin-Williams Co.	$370,000	-72.5%	673	-77.1%	0.37%	-41.7%
USPH	Sell	US Physical Therapy Inc.	$370,000	-79.9%	2,828	-81.2%	0.37%	-57.5%
VGT	Sell	Vanguard Information Technolog	$360,000	-24.4%	1,670	-26.0%	0.36%	+60.4%
MCD	Buy	MCDONALDS CORP	$357,000	+36.3%	1,662	+31.7%	0.36%	+188.8%
ABBV	Sell	ABBVIE INC	$348,000	-6.2%	4,600	-9.8%	0.35%	+98.9%
IJH	Sell	ISHARES S&P SMALLCAP 600 VALUEetf	$322,000	-73.6%	1,800	-71.3%	0.32%	-44.1%
ADBE	Sell	Adobe Systems, Inc.	$321,000	-84.9%	1,162	-83.9%	0.32%	-68.0%
GGG	Sell	Graco, Inc.	$311,000	-75.5%	6,762	-73.3%	0.31%	-48.1%
COUP	New	COUPA SOFTWARE	$311,000	–	2,400	–	0.31%	–
BA	Sell	The Boeing Company	$300,000	-86.9%	789	-87.5%	0.30%	-72.3%
BAC	Sell	Bank of America Corp.	$289,000	-86.9%	9,910	-87.0%	0.29%	-72.3%
COST	Sell	Costco Wholesale Corporation	$289,000	-10.0%	1,003	-17.3%	0.29%	+90.8%
EFA	Sell	ISHARES MSCI EAFEetf	$286,000	-28.7%	4,380	-28.3%	0.29%	+51.3%
DWDP	Buy	DOWDUPONT INC	$268,000	+7.2%	3,760	+12.8%	0.27%	+127.7%
DOW	New	DOW INC	$259,000	–	5,427	–	0.26%	–
EEM	Sell	ISHARES MSCI EMERGING MARKETSetf	$253,000	-44.0%	6,180	-41.3%	0.26%	+18.5%
DLR	Sell	Digital Realty Trust	$252,000	-81.1%	1,942	-82.8%	0.26%	-59.8%
FUN	Sell	Cedar Fair, LP	$243,000	-76.6%	4,164	-80.9%	0.24%	-50.6%
FITB	Sell	Fifth Third Bancorp	$237,000	-75.1%	8,660	-74.6%	0.24%	-47.4%
VDC	Sell	Vanguard Consumer Staples ETF	$233,000	-88.6%	1,489	-89.2%	0.24%	-75.9%
VPU	New	Vanguard Utilities ETF	$225,000	–	1,566	–	0.23%	–
AGIO	Buy	AGIOS PHARMACEUTICALS INC	$198,000	-22.0%	6,100	+19.6%	0.20%	+65.3%
CL	Sell	COLGATE PALMOLIVE CO	$184,000	+2.8%	2,500	-19.4%	0.19%	+118.8%
	New	FIDELITY MID CAP INDEX FUNDetf	$159,000	–	6,977	–	0.16%	–
	New	FIDELITY SMALL CAP INDEX FUNDetf	$158,000	–	8,058	–	0.16%	–
IMGN	Sell	IMMUNOGEN INC	$149,000	-3.9%	61,500	-14.0%	0.15%	+104.1%
WMB	Buy	WILLIAMS COS INC DEL	$135,000	+20.5%	5,600	+40.0%	0.14%	+156.6%
IGIB	New	ISHARES INTERMEDIATE-TERM BONDetf	$127,000	–	2,200	–	0.13%	–
ECON	Sell	COLUMBIA EMERGING MARKETSetf	$110,000	-31.2%	5,000	-28.6%	0.11%	+46.1%
DGRO	Sell	ISHARES CORE DIVIDEND GROWTHetf	$86,000	-21.8%	2,185	-26.4%	0.09%	+67.3%
BRKB	Sell	BERKSHIRE HATHAWAY B	$73,000	-80.7%	349	-80.3%	0.07%	-58.9%
CAG	New	CONAGRA BRANDS	$61,000	–	2,000	–	0.06%	–
TCOM	New	CTRIP.COM INTL LTDadr	$59,000	–	2,000	–	0.06%	–
EXPR	New	Express, Inc.	$35,000	–	10,203	–	0.04%	–
KMI	New	KINDER MORGAN	$31,000	–	1,500	–	0.03%	–
MMP	Exit	MAGELLAN MIDSTREAM PARTNERS	$0	–	-378	–	-0.01%	–
ECA	Exit	ENCANA CORP	$0	–	-6,411	–	-0.02%	–
JAZZ	Exit	JAZZ PHARMACEUTICALSINC	$0	–	-400	–	-0.03%	–
ADS	Exit	ALLIANCE DATA SYSTEMS	$0	–	-500	–	-0.03%	–
CTRP	Exit	CTRIP.COM INTL LTDadr	$0	–	-2,000	–	-0.04%	–
ORLY	Exit	O REILLY AUTOMOTIVE	$0	–	-200	–	-0.04%	–
	Exit	Taylor Wimpey plc Ord	$0	–	-39,835	–	-0.04%	–
CELG	Exit	CELGENE CORP	$0	–	-900	–	-0.04%	–
FSTA	Exit	FIDELITY MSCI CONSUMER STPLetf	$0	–	-3,717	–	-0.06%	–
FHLC	Exit	FIDELITY MSCI HEALTH CAREetf	$0	–	-3,600	–	-0.08%	–
FDIS	Exit	FIDELITY MSCI CONSUMER DISCetf	$0	–	-3,548	–	-0.08%	–
SKT	Exit	Tanger Factory Outlet Centers,reit	$0	–	-12,285	–	-0.10%	–
STX	Exit	Seagate Technology PLC	$0	–	-4,656	–	-0.10%	–
VRSN	Exit	VeriSign, Inc.	$0	–	-1,076	–	-0.11%	–
BGS	Exit	B&G Foods Inc.	$0	–	-12,270	–	-0.12%	–
VDE	Exit	Vanguard Energy ETFetf	$0	–	-3,263	–	-0.13%	–
INDA	Exit	ISHARES MSCI INDIA FUNDetf	$0	–	-8,000	–	-0.14%	–
ZION	Exit	Zions Bancorporation	$0	–	-6,955	–	-0.15%	–
TXN	Exit	Texas Intstruments	$0	–	-2,868	–	-0.16%	–
BP	Exit	BP PLCadr	$0	–	-8,295	–	-0.16%	–
PEP	Exit	PepsiCo, Inc.	$0	–	-2,634	–	-0.16%	–
CRM	Exit	SalesForce.com	$0	–	-2,321	–	-0.17%	–
GSK	Exit	GlaxoSmithKline PLC ADRadr	$0	–	-9,833	–	-0.19%	–
PG	Exit	Procter & Gamble Co.	$0	–	-3,600	–	-0.19%	–
OMC	Exit	Omnicom Group	$0	–	-5,026	–	-0.20%	–
MCK	Exit	McKesson Corp	$0	–	-3,137	–	-0.20%	–
	Exit	iShares Core S&P Mid-Cap ETFetf	$0	–	-2,282	–	-0.21%	–
VZ	Exit	Verizon Communications Inc.	$0	–	-8,070	–	-0.22%	–
TJX	Exit	The TJX Companies, Inc.	$0	–	-8,840	–	-0.22%	–
SOI	Exit	Solaris Oilfield Infrastructur	$0	–	-34,453	–	-0.25%	–
GPK	Exit	Graphic Packaging Holding Co.	$0	–	-37,362	–	-0.25%	–
EPD	Exit	Enterprise Products Partners Lmlp	$0	–	-20,075	–	-0.28%	–
DIS	Exit	The Walt Disney Company	$0	–	-4,266	–	-0.28%	–
USB	Exit	U.S. Bancorp	$0	–	-11,550	–	-0.29%	–
KAR	Exit	KAR Auction Services	$0	–	-25,307	–	-0.30%	–
OGS	Exit	ONE Gas, Inc.	$0	–	-7,198	–	-0.31%	–
TTE	Exit	Total SA ADR (1:1)adr	$0	–	-13,405	–	-0.36%	–
DISCA	Exit	Discovery Communications, Inc.	$0	–	-25,334	–	-0.37%	–
O	Exit	Realty Income Corp.reit	$0	–	-12,604	–	-0.42%	–
IIPR	Exit	Innovative Propertiesreit	$0	–	-7,188	–	-0.42%	–
CHD	Exit	Church & Dwight Co., Inc.	$0	–	-12,259	–	-0.43%	–
STI	Exit	SunTrust Banks, Inc.	$0	–	-14,276	–	-0.43%	–
AMGN	Exit	Amgen Inc.	$0	–	-4,869	–	-0.43%	–
PANW	Exit	Palo Alto Networks	$0	–	-4,812	–	-0.47%	–
IAA	Exit	IAA, Inc.	$0	–	-25,307	–	-0.47%	–
VIRT	Exit	Virtu Financial, Inc.	$0	–	-46,488	–	-0.48%	–
ATR	Exit	Aptargroup, Inc.	$0	–	-8,480	–	-0.50%	–
CMS	Exit	CMS Energy Corp.	$0	–	-18,403	–	-0.51%	–
LAMR	Exit	Lamar Advertising Companyreit	$0	–	-13,335	–	-0.51%	–
DAL	Exit	Delta Air Lines, Inc.	$0	–	-19,695	–	-0.53%	–
INTC	Exit	Intel Corp.	$0	–	-23,545	–	-0.54%	–
LOW	Exit	Lowe's Companies, Inc.	$0	–	-14,027	–	-0.68%	–
OKTA	Exit	Okta, Inc.	$0	–	-11,473	–	-0.68%	–
EW	Exit	Edwards Lifesciences	$0	–	-8,690	–	-0.77%	–
XBI	Exit	SPDR S&P Biotech ETFetf	$0	–	-18,374	–	-0.77%	–
LLL	Exit	L3 Technologies	$0	–	-7,393	–	-0.86%	–
AVY	Exit	Avery Dennison Corp.	$0	–	-15,883	–	-0.88%	–
CMCSA	Exit	Comcast Corp.	$0	–	-45,265	–	-0.91%	–
SVMK	Exit	SVMK, Inc.	$0	–	-121,580	–	-0.96%	–
CVI	Exit	CVR Energy, Inc.	$0	–	-52,340	–	-1.25%	–
XLF	Exit	Financial Sector ETFetf	$0	–	-111,355	–	-1.47%	–

Q2 2019

			Value		Shares		↓ Weighting
GBT	New	GLOBAL BLOOD THERAPEUTICS INC	$12,882,000	–	244,914	–	6.14%	–
PTLA	New	PORTOLA PHARMACEUTICALS INC	$8,658,000	–	319,132	–	4.13%	–
AAPL	New	APPLE INC	$5,242,000	–	26,485	–	2.50%	–
MSFT	New	Microsoft	$5,202,000	–	38,832	–	2.48%	–
MYOK	New	MYOKARDIA INC	$4,713,000	–	94,000	–	2.25%	–
AMZN	New	AMAZON.COM INC	$4,570,000	–	2,423	–	2.18%	–
V	New	VISA INC	$4,470,000	–	25,760	–	2.13%	–
VCR	New	Vanguard Consumer Discretionaretf	$4,301,000	–	23,975	–	2.05%	–
VOX	New	Vanguard Communication Serviceetf	$4,275,000	–	49,309	–	2.04%	–
JPM	New	JPMorgan Chase & Co.	$4,253,000	–	38,037	–	2.03%	–
CSCO	New	Cisco Systems Inc.	$4,236,000	–	77,387	–	2.02%	–
VHT	New	Vanguard Health Care ETFetf	$4,153,000	–	23,877	–	1.98%	–
WMT	New	Wal-Mart Stores Inc.	$3,422,000	–	30,974	–	1.63%	–
IBM	New	IBM Corporation	$3,122,000	–	22,643	–	1.49%	–
CQP	New	Cheniere Energy Partners, LPmlp	$3,079,000	–	72,985	–	1.47%	–
XLF	New	Financial Sector ETFetf	$3,073,000	–	111,355	–	1.47%	–
XLI	New	SPDR Industrial Select Sectoretf	$2,988,000	–	38,589	–	1.42%	–
JNJ	New	JOHNSON & JOHNSON	$2,897,000	–	20,794	–	1.38%	–
PFE	New	PFIZER INC	$2,809,000	–	64,851	–	1.34%	–
FISV	New	Fiserv Inc.	$2,785,000	–	30,554	–	1.33%	–
GOOG	New	Alphabet Inc. Class C	$2,770,000	–	2,571	–	1.32%	–
TPL	New	TEXAS PAC LD TR SUB CTF PROP I	$2,715,000	–	3,450	–	1.30%	–
CVI	New	CVR Energy, Inc.	$2,616,000	–	52,340	–	1.25%	–
CCI	New	Crown Castle International Correit	$2,552,000	–	19,579	–	1.22%	–
BA	New	The Boeing Company	$2,289,000	–	6,289	–	1.09%	–
BAC	New	Bank of America Corp.	$2,214,000	–	76,337	–	1.06%	–
IVV	New	ISHARES S&P 500 INDEXetf	$2,134,000	–	7,240	–	1.02%	–
ADBE	New	Adobe Systems, Inc.	$2,122,000	–	7,201	–	1.01%	–
FB	New	FACEBOOK INC A	$2,079,000	–	10,770	–	0.99%	–
VDC	New	Vanguard Consumer Staples ETFetf	$2,044,000	–	13,737	–	0.98%	–
SVMK	New	SVMK, Inc.	$2,007,000	–	121,580	–	0.96%	–
SPY	New	S&P 500 Index Fundetf	$1,921,000	–	6,557	–	0.92%	–
CMCSA	New	Comcast Corp.	$1,914,000	–	45,265	–	0.91%	–
BRKA	New	BERKSHIRE HATHAWAY A	$1,910,000	–	6	–	0.91%	–
USPH	New	US Physical Therapy Inc.	$1,845,000	–	15,052	–	0.88%	–
AVY	New	Avery Dennison Corp.	$1,837,000	–	15,883	–	0.88%	–
LLL	New	L3 Technologies	$1,813,000	–	7,393	–	0.86%	–
DVY	New	ISHARES DJ SELECT DIVIDENDetf	$1,622,000	–	16,291	–	0.77%	–
XBI	New	SPDR S&P Biotech ETFetf	$1,612,000	–	18,374	–	0.77%	–
XOM	New	EXXON MOBIL CORP	$1,609,000	–	20,999	–	0.77%	–
EW	New	Edwards Lifesciences	$1,605,000	–	8,690	–	0.77%	–
GILD	New	Gilead Sciences, Inc.	$1,565,000	–	23,165	–	0.75%	–
CDAY	New	CERIDIAN HCM HLDG INC	$1,436,000	–	28,600	–	0.68%	–
OKTA	New	Okta, Inc.	$1,417,000	–	11,473	–	0.68%	–
LOW	New	Lowe's Companies, Inc.	$1,415,000	–	14,027	–	0.68%	–
NSA	New	National Storage Affiliates Trreit	$1,401,000	–	48,425	–	0.67%	–
BABA	New	ALIBABA GROUP HLDG LTDadr	$1,356,000	–	8,000	–	0.65%	–
SHW	New	Sherwin-Williams Co.	$1,345,000	–	2,935	–	0.64%	–
RKUNY	New	RAKUTEN INCadr	$1,337,000	–	111,500	–	0.64%	–
DLR	New	Digital Realty Trustreit	$1,330,000	–	11,291	–	0.63%	–
GOOGL	New	ALPHABET A	$1,289,000	–	1,270	–	0.62%	–
GGG	New	Graco, Inc.	$1,269,000	–	25,292	–	0.60%	–
MO	New	ALTRIA GROUP INC	$1,263,000	–	26,675	–	0.60%	–
IJH	New	ISHARES S&P MIDCAP FUNDetf	$1,218,000	–	6,272	–	0.58%	–
OLED	New	UNIVERSAL DISPLAY CORP	$1,166,000	–	6,200	–	0.56%	–
INTC	New	Intel Corp.	$1,127,000	–	23,545	–	0.54%	–
DAL	New	Delta Air Lines, Inc.	$1,118,000	–	19,695	–	0.53%	–
IWM	New	ISHARES RUSSELL 2000etf	$1,109,000	–	7,130	–	0.53%	–
LAMR	New	Lamar Advertising Companyreit	$1,076,000	–	13,335	–	0.51%	–
CMS	New	CMS Energy Corp.	$1,066,000	–	18,403	–	0.51%	–
ATR	New	Aptargroup, Inc.	$1,054,000	–	8,480	–	0.50%	–
FUN	New	Cedar Fair, LPmlp	$1,039,000	–	21,797	–	0.50%	–
VIRT	New	Virtu Financial, Inc.	$1,013,000	–	46,488	–	0.48%	–
IYK	New	ISHARES US CONSUMER GOODSetf	$1,008,000	–	8,300	–	0.48%	–
MDB	New	MONGODB INC CL A	$989,000	–	6,500	–	0.47%	–
IAA	New	IAA, Inc.	$981,000	–	25,307	–	0.47%	–
PANW	New	Palo Alto Networks	$980,000	–	4,812	–	0.47%	–
FITB	New	Fifth Third Bancorp	$951,000	–	34,090	–	0.45%	–
SBAC	New	SBA COMMUNICATIONS CPreit	$944,000	–	4,200	–	0.45%	–
YUMC	New	YUM CHINA HLDGS INC	$924,000	–	20,000	–	0.44%	–
CVS	New	CVS HEALTH CORP	$912,000	–	16,922	–	0.44%	–
AMGN	New	Amgen Inc.	$897,000	–	4,869	–	0.43%	–
STI	New	SunTrust Banks, Inc.	$897,000	–	14,276	–	0.43%	–
CHD	New	Church & Dwight Co., Inc.	$896,000	–	12,259	–	0.43%	–
IIPR	New	Innovative Propertiesreit	$888,000	–	7,188	–	0.42%	–
GLNG	New	GOLAR LNG LTD SHS	$869,000	–	47,000	–	0.42%	–
O	New	Realty Income Corp.reit	$869,000	–	12,604	–	0.42%	–
DISCA	New	Discovery Communications, Inc.	$778,000	–	25,334	–	0.37%	–
TTE	New	Total SA ADR (1:1)adr	$748,000	–	13,405	–	0.36%	–
UNP	New	UNION PACIFIC CORP	$744,000	–	4,400	–	0.36%	–
MNST	New	MONSTER BEVERAGE CORP	$689,000	–	10,800	–	0.33%	–
PM	New	PHILIP MORRIS INTL INC	$675,000	–	8,600	–	0.32%	–
AXON	New	AXON ENTERPRISE INC	$674,000	–	10,500	–	0.32%	–
OGS	New	ONE Gas, Inc.	$650,000	–	7,198	–	0.31%	–
BIIB	New	BIOGEN IDEC INC	$643,000	–	2,750	–	0.31%	–
KAR	New	KAR Auction Services	$633,000	–	25,307	–	0.30%	–
ILMN	New	ILLUMINA INC	$626,000	–	1,700	–	0.30%	–
YUM	New	YUM BRANDS INC	$620,000	–	5,600	–	0.30%	–
USB	New	U.S. Bancorp	$605,000	–	11,550	–	0.29%	–
DIS	New	The Walt Disney Company	$596,000	–	4,266	–	0.28%	–
WY	New	WEYERHAEUSER CO	$594,000	–	22,540	–	0.28%	–
MGK	New	VANGUARD MEGA CAP GROWTHetf	$583,000	–	4,500	–	0.28%	–
EPD	New	Enterprise Products Partners Lmlp	$580,000	–	20,075	–	0.28%	–
PSX	New	PHILLIPS 66	$571,000	–	6,200	–	0.27%	–
MSGS	New	MADISON SQUARE GARDEN	$560,000	–	2,000	–	0.27%	–
GPK	New	Graphic Packaging Holding Co.	$522,000	–	37,362	–	0.25%	–
SOI	New	Solaris Oilfield Infrastructur	$516,000	–	34,453	–	0.25%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$510,000	–	6,600	–	0.24%	–
VFH	New	Vanguard Financials ETFetf	$503,000	–	7,286	–	0.24%	–
ARCC	New	ARES CAP CORP	$499,000	–	27,800	–	0.24%	–
COP	New	CONOCOPHILLIPS	$480,000	–	7,875	–	0.23%	–
VNQ	New	VANGUARD REAL ESTATEetf	$477,000	–	5,462	–	0.23%	–
VGT	New	Vanguard Information Technologetf	$476,000	–	2,257	–	0.23%	–
TJX	New	The TJX Companies, Inc.	$467,000	–	8,840	–	0.22%	–
VZ	New	Verizon Communications Inc.	$461,000	–	8,070	–	0.22%	–
IRM	New	IRON MOUNTAINreit	$461,000	–	14,722	–	0.22%	–
MDT	New	MEDTRONIC PLC SHS	$458,000	–	4,700	–	0.22%	–
EEM	New	ISHARES MSCI EMERGING MARKETSetf	$452,000	–	10,530	–	0.22%	–
AVYA	New	AVAYA HLDGS CORP	$448,000	–	37,600	–	0.21%	–
CY	New	CYPRESS SEMICONDUCTOR CORP	$445,000	–	20,000	–	0.21%	–
	New	iShares Core S&P Mid-Cap ETFetf	$443,000	–	2,282	–	0.21%	–
CMG	New	CHIPOTLE MEXICAN GRILL	$440,000	–	600	–	0.21%	–
UPS	New	UNITED PARCEL SERVICE	$434,000	–	4,200	–	0.21%	–
AGG	New	ISHARES AGGREGATE BONDetf	$431,000	–	3,870	–	0.21%	–
MCK	New	McKesson Corp	$422,000	–	3,137	–	0.20%	–
OMC	New	Omnicom Group	$412,000	–	5,026	–	0.20%	–
LUV	New	SOUTHWEST AIRLS CO	$405,000	–	6,000	–	0.19%	–
	New	AMERISOURCEBERGEN CORP	$401,000	–	4,700	–	0.19%	–
EFA	New	ISHARES MSCI EAFEetf	$401,000	–	6,105	–	0.19%	–
GSK	New	GlaxoSmithKline PLC ADRadr	$394,000	–	9,833	–	0.19%	–
PG	New	Procter & Gamble Co.	$395,000	–	3,600	–	0.19%	–
BRKB	New	Berkshire Hathaway Inc.	$378,000	–	1,774	–	0.18%	–
ABBV	New	ABBVIE INC	$371,000	–	5,100	–	0.18%	–
IPGP	New	IPG PHOTONICS CORP	$370,000	–	2,400	–	0.18%	–
CRM	New	SalesForce.com	$352,000	–	2,321	–	0.17%	–
PEP	New	PepsiCo, Inc.	$345,000	–	2,634	–	0.16%	–
BP	New	BP PLCadr	$346,000	–	8,295	–	0.16%	–
THRM	New	GENTHERM INC	$343,000	–	8,200	–	0.16%	–
TXN	New	Texas Intstruments	$329,000	–	2,868	–	0.16%	–
COST	New	Costco Wholesale Corporation	$321,000	–	1,213	–	0.15%	–
ZION	New	Zions Bancorporation	$320,000	–	6,955	–	0.15%	–
PYPL	New	PAYPAL HLDGS INC	$320,000	–	2,800	–	0.15%	–
BC	New	BRUNSWICK CORP	$321,000	–	7,000	–	0.15%	–
SUSA	New	ISHARES MSCI USA ESG SELECTetf	$308,000	–	2,528	–	0.15%	–
GNRC	New	GENERAC HLDGS INC	$298,000	–	4,300	–	0.14%	–
CAT	New	CATERPILLAR INC	$293,000	–	2,150	–	0.14%	–
UNH	New	UNITEDHEALTH GROUP	$293,000	–	1,200	–	0.14%	–
CBOE	New	CBOE GLOBAL MARKETS INC	$290,000	–	2,800	–	0.14%	–
INDA	New	ISHARES MSCI INDIA FUNDetf	$283,000	–	8,000	–	0.14%	–
VDE	New	Vanguard Energy ETFetf	$277,000	–	3,263	–	0.13%	–
LYB	New	LYONDELLBASELL	$267,000	–	3,100	–	0.13%	–
MA	New	MASTERCARD INC	$265,000	–	1,000	–	0.13%	–
MCD	New	MCDONALDS CORP	$262,000	–	1,262	–	0.12%	–
BGS	New	B&G Foods Inc.	$255,000	–	12,270	–	0.12%	–
AGIO	New	AGIOS PHARMACEUTICALS INC	$254,000	–	5,100	–	0.12%	–
DWDP	New	DOWDUPONT INC	$250,000	–	3,333	–	0.12%	–
HSY	New	HERSHEY CO	$228,000	–	1,700	–	0.11%	–
VRSN	New	VeriSign, Inc.	$225,000	–	1,076	–	0.11%	–
STX	New	Seagate Technology PLC	$219,000	–	4,656	–	0.10%	–
SKT	New	Tanger Factory Outlet Centers,reit	$199,000	–	12,285	–	0.10%	–
WAT	New	WATERS CP	$194,000	–	900	–	0.09%	–
CL	New	COLGATE PALMOLIVE CO	$179,000	–	3,100	–	0.08%	–
FHLC	New	FIDELITY MSCI HEALTH CAREetf	$162,000	–	3,600	–	0.08%	–
FDIS	New	FIDELITY MSCI CONSUMER DISCetf	$162,000	–	3,548	–	0.08%	–
ECON	New	COLUMBIA EMERGING MARKETSetf	$160,000	–	7,000	–	0.08%	–
IMGN	New	IMMUNOGEN INC	$155,000	–	71,500	–	0.07%	–
DHR	New	DANAHER CORP	$143,000	–	1,000	–	0.07%	–
FSTA	New	FIDELITY MSCI CONSUMER STPLetf	$129,000	–	3,717	–	0.06%	–
NVDA	New	NVIDIA CORP	$131,000	–	800	–	0.06%	–
OXY	New	OCCIDENTAL PETE CORP	$126,000	–	2,500	–	0.06%	–
IR	New	INGERSOLL-RAND PLC SHS	$114,000	–	900	–	0.05%	–
WMB	New	WILLIAMS COS INC DEL	$112,000	–	4,000	–	0.05%	–
DGRO	New	ISHARES CORE DIVIDEND GROWTHetf	$110,000	–	2,968	–	0.05%	–
BOND	New	PIMCO ACTIVE BONDetf	$107,000	–	1,000	–	0.05%	–
CCXI	New	CHEMOCENTRYX INC	$93,000	–	10,000	–	0.04%	–
CELG	New	CELGENE CORP	$83,000	–	900	–	0.04%	–
IBB	New	ISHARES NASDAQ BIOTECHNOLOGYetf	$82,000	–	750	–	0.04%	–
	New	Taylor Wimpey plc Ord	$80,000	–	39,835	–	0.04%	–
KO	New	COCA COLA CO	$78,000	–	1,520	–	0.04%	–
ORLY	New	O REILLY AUTOMOTIVE	$74,000	–	200	–	0.04%	–
CTRP	New	CTRIP.COM INTL LTDadr	$74,000	–	2,000	–	0.04%	–
LIVN	New	LIVANOVA PLC SHS	$72,000	–	1,000	–	0.03%	–
ADS	New	ALLIANCE DATA SYSTEMS	$70,000	–	500	–	0.03%	–
CVX	New	CHEVRON CORP NEW	$62,000	–	500	–	0.03%	–
JAZZ	New	JAZZ PHARMACEUTICALSINC	$57,000	–	400	–	0.03%	–
FOMX	New	FOAMIX PHARMACEUTICALS	$48,000	–	20,000	–	0.02%	–
ECA	New	ENCANA CORP	$33,000	–	6,411	–	0.02%	–
XLE	New	ENERGY SELECT SECTOR SPDRetf	$32,000	–	500	–	0.02%	–
MMP	New	MAGELLAN MIDSTREAM PARTNERS	$24,000	–	378	–	0.01%	–
ABT	New	ABBOTT LABS	$13,000	–	150	–	0.01%	–

Q4 2018

			Value		Shares		↓ Weighting
ABT	Exit	ABBOTT LABS COM	$0	–	-150	–	-0.00%	–
HPT	Exit	HOSPITALITY PROPERTIES	$0	–	-700	–	-0.01%	–
ATI	Exit	ALLEGHENY TECHNOLOGIES	$0	–	-800	–	-0.01%	–
TRGP	Exit	TARGA RESOURCES CORP	$0	–	-403	–	-0.01%	–
NUE	Exit	NUCOR CORP	$0	–	-300	–	-0.01%	–
DGRO	Exit	ISHARES CORE DIVIDEND GROWTHetf	$0	–	-730	–	-0.01%	–
GERN	Exit	GERON CORP	$0	–	-16,000	–	-0.01%	–
TEVA	Exit	TEVA PHARMACEUTICALS ADRadr	$0	–	-1,500	–	-0.01%	–
CTMX	Exit	CYTOMX THERAPEUTICS	$0	–	-1,888	–	-0.01%	–
XLE	Exit	ENERGY SELECT SECTOR SPDRetf	$0	–	-500	–	-0.02%	–
FTV	Exit	FORTIVE CORP	$0	–	-500	–	-0.02%	–
EQT	Exit	EQT CORPORTION	$0	–	-1,050	–	-0.02%	–
RDY	Exit	DOCTOR REDDY'S LABS ADRadr	$0	–	-1,500	–	-0.02%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-900	–	-0.02%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-500	–	-0.02%	–
EMQQ	Exit	EMQQ EM Internet AND ECOMMetf	$0	–	-2,000	–	-0.02%	–
HCP	Exit	HCP INC	$0	–	-2,476	–	-0.02%	–
EBAY	Exit	EBAY INC	$0	–	-2,000	–	-0.03%	–
BC	Exit	BRUNSWICK CORP	$0	–	-1,000	–	-0.03%	–
KO	Exit	COCA COLA CO	$0	–	-1,520	–	-0.03%	–
CELG	Exit	CELGENE CORP	$0	–	-800	–	-0.03%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-1,200	–	-0.03%	–
PEP	Exit	PEPSICO INC	$0	–	-650	–	-0.03%	–
MPLX	Exit	MPLX LP	$0	–	-2,289	–	-0.03%	–
PX	Exit	PRAXAIR INC COM	$0	–	-500	–	-0.03%	–
JAZZ	Exit	JAZZ PHARMACEUTICALS INC	$0	–	-500	–	-0.03%	–
NSC	Exit	NORFOLK SOUTHER CORP COM	$0	–	-500	–	-0.04%	–
WAT	Exit	WATERS CP	$0	–	-500	–	-0.04%	–
ECON	Exit	COLUMBIA EMERGING MARKETS ETFetf	$0	–	-5,000	–	-0.04%	–
DHR	Exit	DANAHER CORP	$0	–	-1,000	–	-0.04%	–
AAP	Exit	ADVANCE AUTO PARTS INC	$0	–	-700	–	-0.05%	–
ARRS	Exit	ARRIS INTL INC	$0	–	-4,000	–	-0.05%	–
LIVN	Exit	LIVANOVA PLC SHS	$0	–	-1,000	–	-0.05%	–
CCXI	Exit	CHEMOCENTRYX INC	$0	–	-10,000	–	-0.05%	–
F	Exit	Ford Motor Co.	$0	–	-15,000	–	-0.05%	–
HSY	Exit	HERSHEY CO	$0	–	-1,400	–	-0.06%	–
CY	Exit	CYPRESS SEMICONDUCTOR CORP	$0	–	-10,000	–	-0.06%	–
DLTR	Exit	DOLLAR TREE STORES INC	$0	–	-1,800	–	-0.06%	–
LYB	Exit	LYONDELLBASELL IND	$0	–	-1,500	–	-0.06%	–
ECL	Exit	ECOLAB INC	$0	–	-1,000	–	-0.06%	–
ARCC	Exit	ARES CAPITAL	$0	–	-10,000	–	-0.07%	–
	Exit	Petrofac Ord	$0	–	-20,850	–	-0.07%	–
PYPL	Exit	PAYPAL HLDGS	$0	–	-2,000	–	-0.07%	–
THRM	Exit	GENTHERM INC COM	$0	–	-4,000	–	-0.07%	–
ESRX	Exit	EXPRESS SCRIPTS INC	$0	–	-2,000	–	-0.07%	–
AMLP	Exit	ALPS TRUST ETF ALERIAN MLPetf	$0	–	-18,191	–	-0.08%	–
CAT	Exit	CATERPILLAR INC	$0	–	-1,300	–	-0.08%	–
CLB	Exit	CORE LABORATORIES NV	$0	–	-1,700	–	-0.08%	–
UBNT	Exit	UBIQUITI NETWORKS INC	$0	–	-2,000	–	-0.08%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-2,500	–	-0.08%	–
BPMC	Exit	BLUEPRINT MEDICINES CORP	$0	–	-2,969	–	-0.08%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,262	–	-0.08%	–
FL	Exit	Foot Locker, Inc.	$0	–	-4,190	–	-0.08%	–
MA	Exit	MASTERCARD INC COM CL A	$0	–	-1,000	–	-0.09%	–
PSX	Exit	PHILLIPS 66	$0	–	-2,000	–	-0.09%	–
FOMX	Exit	FOAMIX PHARMACEUTICALS	$0	–	-40,000	–	-0.09%	–
GNRC	Exit	GENERAC HLDGS INC	$0	–	-4,300	–	-0.10%	–
IEFA	Exit	ISHARES CORE MSCI EAFEetf	$0	–	-3,580	–	-0.10%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-4,000	–	-0.10%	–
TIP	Exit	ISHARES TIPS BOND ETFetf	$0	–	-2,305	–	-0.10%	–
SKT	Exit	Tanger Factory Outlet Centersreit	$0	–	-11,210	–	-0.10%	–
BKLN	Exit	INVESCO SENIOR LOAN ETFetf	$0	–	-11,115	–	-0.10%	–
EWG	Exit	ISHARES INC MSCI GERMANYetf	$0	–	-9,000	–	-0.10%	–
IPGP	Exit	IPG PHOTONICS CORP	$0	–	-1,700	–	-0.10%	–
EEM	Exit	ISHARES MSCI EMERGING EEMetf	$0	–	-6,180	–	-0.10%	–
CBOE	Exit	CBOE GLOBAL MARKETS	$0	–	-2,800	–	-0.10%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INC	$0	–	-600	–	-0.11%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-3,000	–	-0.11%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-3,000	–	-0.12%	–
EMLP	Exit	FIRST TRUST NA ENER INF FUNDetf	$0	–	-13,000	–	-0.12%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-4,000	–	-0.12%	–
UPS	Exit	UNITED PARCEL SERVICE	$0	–	-2,700	–	-0.12%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-12,000	–	-0.13%	–
PG	Exit	Procter & Gamble Co.	$0	–	-4,033	–	-0.13%	–
SPY	Exit	S&P 500 Index Fundetf	$0	–	-1,161	–	-0.13%	–
STX	Exit	Seagate Technology PLC	$0	–	-7,286	–	-0.14%	–
MTDR	Exit	Matador Resources Co.	$0	–	-10,437	–	-0.14%	–
JEF	Exit	JEFFERIES FINL GROUP INC	$0	–	-16,000	–	-0.14%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-300	–	-0.14%	–
SYNA	Exit	SYNAPTICS INC	$0	–	-8,000	–	-0.14%	–
LOGM	Exit	LogMein, Inc.	$0	–	-4,196	–	-0.15%	–
IMGN	Exit	IMMUNOGEN INC	$0	–	-39,500	–	-0.15%	–
OMC	Exit	Omnicom Group	$0	–	-5,540	–	-0.15%	–
APU	Exit	Amerigas Partners LPunit ltd partnr	$0	–	-9,700	–	-0.15%	–
GSK	Exit	GlaxoSmithKline PLC ADRadr	$0	–	-9,570	–	-0.15%	–
MGK	Exit	VANGUARD MEGA CAP GROWTHetf	$0	–	-3,000	–	-0.15%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-6,000	–	-0.15%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-3,000	–	-0.16%	–
AR	Exit	ANTERO RES CORP	$0	–	-23,000	–	-0.16%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC COM	$0	–	-4,500	–	-0.16%	–
VZ	Exit	Verizon Communications Inc.	$0	–	-8,070	–	-0.17%	–
CCI	Exit	Crown Castle International Correit	$0	–	-4,000	–	-0.17%	–
SAFT	Exit	SAFETY INSURANCE GROUP	$0	–	-5,000	–	-0.18%	–
CTRP	Exit	CTRIP.COM ADRadr	$0	–	-12,100	–	-0.18%	–
UBA	Exit	Urstadt Biddle Properties Areit	$0	–	-21,240	–	-0.18%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-5,000	–	-0.18%	–
YUM	Exit	YUM BRANDS INC COM	$0	–	-5,000	–	-0.18%	–
SBAC	Exit	SBA COMMUNICATIONS CPreit	$0	–	-3,000	–	-0.19%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC	$0	–	-1,400	–	-0.19%	–
YUMC	Exit	YUM CHINA HLDGS INC COM	$0	–	-14,000	–	-0.19%	–
BABA	Exit	ALIBABA GROUP HLDG LTDadr	$0	–	-3,000	–	-0.19%	–
XLI	Exit	SPDR Industrial Select Sectoretf	$0	–	-6,310	–	-0.19%	–
IRM	Exit	IRON MOUNTAIN INCreit	$0	–	-14,670	–	-0.20%	–
IYK	Exit	iShares US Consumer Goodsetf	$0	–	-4,300	–	-0.20%	–
EPD	Exit	Enterprise Products Partners Lunit ltd partnr	$0	–	-17,840	–	-0.20%	–
CCF	Exit	Chase Corporation	$0	–	-4,308	–	-0.20%	–
BGS	Exit	B&G Foods Inc.	$0	–	-19,010	–	-0.20%	–
T	Exit	AT&T INC	$0	–	-15,830	–	-0.20%	–
MNST	Exit	MONSTER BEVERAGE CORP	$0	–	-9,000	–	-0.20%	–
SFLY	Exit	Shutterfly, Inc.	$0	–	-8,011	–	-0.21%	–
XLF	Exit	Financial Sector ETFetf	$0	–	-19,990	–	-0.22%	–
ILMN	Exit	ILLUMINA INC	$0	–	-1,500	–	-0.22%	–
PH	Exit	Parker Hannifin Corp.	$0	–	-3,008	–	-0.22%	–
MPC	Exit	Marathon Petroleum Corp.	$0	–	-7,050	–	-0.22%	–
O	Exit	Realty Income Corp.reit	$0	–	-10,004	–	-0.22%	–
GLNG	Exit	GOLAR LNG	$0	–	-21,000	–	-0.23%	–
CVS	Exit	CVS HEALTH CORP COM	$0	–	-7,500	–	-0.23%	–
OLED	Exit	UNIVERSAL DISPLAY CORP	$0	–	-5,000	–	-0.23%	–
ACN	Exit	ACCENTURE PLC	$0	–	-10,000	–	-0.24%	–
SJI	Exit	South Jersey Industries, Inc.	$0	–	-17,810	–	-0.25%	–
MRO	Exit	Marathon Oil Corp.	$0	–	-26,960	–	-0.25%	–
	Exit	AXON ENTERPRISE INC	$0	–	-9,500	–	-0.25%	–
DLR	Exit	Digital Realty Trustreit	$0	–	-6,058	–	-0.27%	–
MOGA	Exit	Moog, Inc. A	$0	–	-7,923	–	-0.27%	–
SAGE	Exit	SAGE THERAPEUTICS INC	$0	–	-4,837	–	-0.27%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-7,700	–	-0.28%	–
AGIO	Exit	AGIOS PHARMACEUTICALS	$0	–	-9,500	–	-0.29%	–
TCF	Exit	TCF Financial Corp.	$0	–	-31,664	–	-0.30%	–
BHC	Exit	Bausch Health Companies	$0	–	-30,237	–	-0.30%	–
LEA	Exit	Lear Corporation	$0	–	-5,496	–	-0.31%	–
IJH	Exit	ISHARES S&P MIDCAP FUNDetf	$0	–	-4,030	–	-0.32%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-10,000	–	-0.32%	–
CLDR	Exit	Cloudera, Inc.	$0	–	-47,432	–	-0.33%	–
USB	Exit	U.S. Bancorp	$0	–	-16,080	–	-0.33%	–
C	Exit	Citigroup	$0	–	-11,840	–	-0.33%	–
AVYA	Exit	AVAYA HLDGS CORP COM	$0	–	-42,600	–	-0.37%	–
VCR	Exit	Vanguard Consumer Discretionaretf	$0	–	-5,234	–	-0.37%	–
FICO	Exit	Fair Isaac Corp.	$0	–	-4,135	–	-0.37%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-2,750	–	-0.38%	–
MO	Exit	ALTRIA GROUP INC COM	$0	–	-15,500	–	-0.39%	–
BP	Exit	BP PLC	$0	–	-21,640	–	-0.39%	–
EXPE	Exit	Expedia, Inc.	$0	–	-7,838	–	-0.40%	–
CACI	Exit	CACI International Inc	$0	–	-5,586	–	-0.40%	–
TDOC	Exit	Teladoc Health, Inc.	$0	–	-11,966	–	-0.40%	–
GOOG	Exit	Alphabet Inc. Class C	$0	–	-966	–	-0.45%	–
APC	Exit	Anadarko Petroleum Corp.	$0	–	-17,273	–	-0.46%	–
M	Exit	Macy's, Inc.	$0	–	-33,673	–	-0.46%	–
OGS	Exit	ONE Gas, Inc.	$0	–	-14,541	–	-0.47%	–
W	Exit	Wayfair Inc.	$0	–	-8,744	–	-0.50%	–
DAL	Exit	Delta Air Lines, Inc.	$0	–	-23,347	–	-0.53%	–
DVY	Exit	ISHARES DJ SELECT DIVIDENDetf	$0	–	-13,847	–	-0.54%	–
IVV	Exit	ISHARES S&P 500 INDEXetf	$0	–	-4,740	–	-0.54%	–
TPL	Exit	TEXAS PAC LD TR SUB CTF	$0	–	-1,700	–	-0.57%	–
EHC	Exit	Encompass Health Corporation	$0	–	-19,370	–	-0.59%	–
ASGN	Exit	ASGN, Inc.	$0	–	-19,892	–	-0.61%	–
SONY	Exit	Sony Corp ADR (1:1)adr	$0	–	-25,855	–	-0.61%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC B	$0	–	-7,334	–	-0.62%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-13,603	–	-0.74%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC A	$0	–	-6	–	-0.75%	–
NDSN	Exit	Nordson Corp.	$0	–	-13,874	–	-0.75%	–
USPH	Exit	US Physical Therapy Inc.	$0	–	-16,673	–	-0.77%	–
INTC	Exit	Intel Corp.	$0	–	-42,044	–	-0.78%	–
TTE	Exit	Total SA ADR (1:1)adr	$0	–	-31,562	–	-0.80%	–
RMD	Exit	ResMed Inc.	$0	–	-17,720	–	-0.80%	–
	Exit	iShares Core S&P Mid-Cap ETFetf	$0	–	-10,440	–	-0.82%	–
GNTX	Exit	Gentex Corp.	$0	–	-99,541	–	-0.84%	–
CVI	Exit	CVR Energy, Inc.	$0	–	-54,714	–	-0.86%	–
SHW	Exit	Sherwin-Williams Co.	$0	–	-4,962	–	-0.88%	–
UNH	Exit	UnitedHealth Group Inc	$0	–	-8,525	–	-0.89%	–
GGG	Exit	Graco, Inc.	$0	–	-50,028	–	-0.91%	–
OKTA	Exit	Okta, Inc.	$0	–	-33,140	–	-0.91%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-27,637	–	-0.92%	–
LLL	Exit	L3 Technologies	$0	–	-11,131	–	-0.93%	–
TXN	Exit	Texas Intstruments	$0	–	-22,711	–	-0.95%	–
GDOT	Exit	Green Dot Corporation	$0	–	-28,178	–	-0.98%	–
GILD	Exit	Gilead Sciences, Inc.	$0	–	-32,621	–	-0.98%	–
AVY	Exit	Avery Dennison Corp.	$0	–	-23,520	–	-1.00%	–
FB	Exit	FACEBOOK INC CL A	$0	–	-15,645	–	-1.01%	–
EW	Exit	Edwards Lifesciences	$0	–	-15,578	–	-1.06%	–
SIRI	Exit	Sirius XM Holdings Inc.	$0	–	-461,012	–	-1.14%	–
LOW	Exit	Lowe's Companies, Inc.	$0	–	-26,314	–	-1.18%	–
BA	Exit	The Boeing Company	$0	–	-8,161	–	-1.19%	–
AMGN	Exit	Amgen Inc.	$0	–	-14,733	–	-1.20%	–
STI	Exit	SunTrust Banks, Inc.	$0	–	-46,417	–	-1.21%	–
STMP	Exit	Stamps.com Inc	$0	–	-13,845	–	-1.22%	–
FITB	Exit	Fifth Third Bancorp	$0	–	-112,450	–	-1.23%	–
WLL	Exit	Whiting Petroleum Corp	$0	–	-60,071	–	-1.25%	–
ZION	Exit	Zions Bancorporation	$0	–	-67,705	–	-1.33%	–
VRSN	Exit	VeriSign, Inc.	$0	–	-22,177	–	-1.39%	–
KAR	Exit	KAR Auction Services	$0	–	-61,379	–	-1.43%	–
FISV	Exit	Fiserv Inc.	$0	–	-45,878	–	-1.48%	–
DISCA	Exit	Discovery Communications, Inc.	$0	–	-120,930	–	-1.51%	–
WMT	Exit	Wal-Mart Stores Inc.	$0	–	-41,621	–	-1.53%	–
ADBE	Exit	Adobe Systems, Inc.	$0	–	-14,988	–	-1.58%	–
PTLA	Exit	PORTOLA PHARMACEUTICALS	$0	–	-153,729	–	-1.60%	–
BAC	Exit	Bank of America Corp.	$0	–	-150,476	–	-1.73%	–
V	Exit	VISA INC	$0	–	-30,865	–	-1.81%	–
PFE	Exit	PFIZER INC	$0	–	-107,514	–	-1.85%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-102,131	–	-1.94%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-3,200	–	-1.98%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-2,929	–	-2.23%	–
JPM	Exit	JPMorgan Chase & Co.	$0	–	-61,282	–	-2.71%	–
IWM	Exit	iShares Russell 2000 ETFetf	$0	–	-43,434	–	-2.86%	–
MYOK	Exit	MYOKARDIA INC	$0	–	-121,304	–	-3.10%	–
MSFT	Exit	Microsoft	$0	–	-70,795	–	-3.17%	–
AAPL	Exit	Apple Inc.	$0	–	-39,606	–	-3.50%	–
GBT	Exit	GLOBAL BLOOD THERAPEUTICS	$0	–	-312,514	–	-4.65%	–

Q3 2018

			Value		Shares		↓ Weighting
GBT	Buy	GLOBAL BLOOD THERAPEUTICS	$11,876,000	-15.0%	312,514	+215.9%	4.65%	-12.9%
AAPL	Sell	Apple Inc.	$8,941,000	+11.0%	39,606	-8.9%	3.50%	+13.8%
MSFT	Sell	Microsoft	$8,097,000	+5.6%	70,795	-9.0%	3.17%	+8.2%
MYOK	Sell	MYOKARDIA INC	$7,909,000	-10.2%	121,304	-31.6%	3.10%	-7.9%
IWM	Sell	iShares Russell 2000 ETFetf	$7,321,000	-1.5%	43,434	-4.3%	2.86%	+0.9%
JPM	Sell	JPMorgan Chase & Co.	$6,915,000	-0.7%	61,282	-8.3%	2.71%	+1.8%
AMZN	Buy	AMAZON.COM INC	$5,703,000	+107.2%	2,929	+80.9%	2.23%	+112.3%
WY	Sell	WEYERHAEUSER CO	$5,058,000	+1136.7%	3,200	-71.4%	1.98%	+1168.6%
CSCO	Sell	Cisco Systems Inc.	$4,968,000	+5.2%	102,131	-7.0%	1.94%	+7.8%
PFE	Sell	PFIZER INC	$4,738,000	+12.5%	107,514	-7.4%	1.85%	+15.3%
V	Buy	VISA INC	$4,632,000	+47.4%	30,865	+30.1%	1.81%	+51.0%
BAC	Sell	Bank of America Corp.	$4,433,000	-20.7%	150,476	-24.1%	1.73%	-18.8%
ADBE	Buy	Adobe Systems, Inc.	$4,046,000	+41.9%	14,988	+28.1%	1.58%	+45.4%
WMT	Sell	Wal-Mart Stores Inc.	$3,909,000	0.0%	41,621	-8.8%	1.53%	+2.4%
DISCA	Sell	Discovery Communications, Inc.	$3,870,000	+12.4%	120,930	-3.4%	1.51%	+15.1%
FISV	Sell	Fiserv Inc.	$3,779,000	+0.9%	45,878	-9.3%	1.48%	+3.4%
KAR	Sell	KAR Auction Services	$3,664,000	+0.3%	61,379	-7.9%	1.43%	+2.8%
VRSN	Buy	VeriSign, Inc.	$3,551,000	+22.5%	22,177	+5.1%	1.39%	+25.5%
ZION	Sell	Zions Bancorporation	$3,395,000	-14.8%	67,705	-10.5%	1.33%	-12.7%
WLL	Sell	Whiting Petroleum Corp	$3,186,000	-7.3%	60,071	-7.9%	1.25%	-5.0%
FITB	Sell	Fifth Third Bancorp	$3,140,000	-19.5%	112,450	-17.3%	1.23%	-17.5%
STMP	Sell	Stamps.com Inc	$3,132,000	-17.7%	13,845	-7.9%	1.22%	-15.7%
STI	Sell	SunTrust Banks, Inc.	$3,100,000	-11.9%	46,417	-12.9%	1.21%	-9.7%
AMGN	Buy	Amgen Inc.	$3,054,000	+17.3%	14,733	+4.5%	1.20%	+20.2%
BA	Sell	The Boeing Company	$3,035,000	+1.3%	8,161	-8.6%	1.19%	+3.8%
LOW	Sell	Lowe's Companies, Inc.	$3,021,000	+7.9%	26,314	-10.2%	1.18%	+10.5%
SIRI	Sell	Sirius XM Holdings Inc.	$2,914,000	-24.3%	461,012	-18.9%	1.14%	-22.4%
EW	Sell	Edwards Lifesciences	$2,712,000	+9.2%	15,578	-8.7%	1.06%	+11.9%
FB	Sell	FACEBOOK INC CL A	$2,572,000	-25.9%	15,645	-12.4%	1.01%	-24.1%
AVY	Buy	Avery Dennison Corp.	$2,548,000	+18.1%	23,520	+11.3%	1.00%	+21.0%
GILD	Sell	Gilead Sciences, Inc.	$2,517,000	-14.4%	32,621	-21.4%	0.98%	-12.3%
GDOT	Sell	Green Dot Corporation	$2,503,000	+13.1%	28,178	-6.5%	0.98%	+15.9%
TXN	Sell	Texas Intstruments	$2,437,000	-11.9%	22,711	-9.5%	0.95%	-9.7%
LLL	Sell	L3 Technologies	$2,367,000	-0.9%	11,131	-10.4%	0.93%	+1.5%
XOM	Sell	EXXON MOBIL CORP COM	$2,350,000	-3.7%	27,637	-6.4%	0.92%	-1.4%
OKTA	Sell	Okta, Inc.	$2,332,000	+36.3%	33,140	-2.4%	0.91%	+39.7%
GGG	Sell	Graco, Inc.	$2,318,000	-13.0%	50,028	-15.1%	0.91%	-10.8%
UNH	Sell	UnitedHealth Group Inc	$2,268,000	-0.5%	8,525	-8.2%	0.89%	+2.0%
SHW	Sell	Sherwin-Williams Co.	$2,259,000	+10.6%	4,962	-1.0%	0.88%	+13.3%
CVI	Buy	CVR Energy, Inc.	$2,201,000	+9.4%	54,714	+0.6%	0.86%	+12.1%
GNTX	Sell	Gentex Corp.	$2,136,000	-26.6%	99,541	-21.2%	0.84%	-24.8%
	Sell	iShares Core S&P Mid-Cap ETFetf	$2,101,000	-4.5%	10,440	-7.6%	0.82%	-2.3%
RMD	New	ResMed Inc.	$2,044,000	–	17,720	–	0.80%	–
TTE	Sell	Total SA ADR (1:1)adr	$2,032,000	+0.6%	31,562	-5.4%	0.80%	+3.0%
INTC	Sell	Intel Corp.	$1,988,000	-13.1%	42,044	-8.7%	0.78%	-11.0%
USPH	Sell	US Physical Therapy Inc.	$1,977,000	+22.9%	16,673	-0.5%	0.77%	+26.1%
NDSN	Sell	Nordson Corp.	$1,927,000	-0.8%	13,874	-8.3%	0.75%	+1.6%
JNJ	Sell	JOHNSON & JOHNSON	$1,879,000	+1.1%	13,603	-11.2%	0.74%	+3.5%
BRKB	Sell	BERKSHIRE HATHAWAY INC B	$1,571,000	+6.4%	7,334	-7.3%	0.62%	+9.0%
SONY	New	Sony Corp ADR (1:1)adr	$1,568,000	–	25,855	–	0.61%	–
ASGN	New	ASGN, Inc.	$1,570,000	–	19,892	–	0.61%	–
EHC	Sell	Encompass Health Corporation	$1,510,000	+6.6%	19,370	-7.4%	0.59%	+9.2%
DVY	Sell	ISHARES DJ SELECT DIVIDENDetf	$1,381,000	-17.8%	13,847	-19.5%	0.54%	-15.9%
DAL	Sell	Delta Air Lines, Inc.	$1,350,000	-22.1%	23,347	-33.3%	0.53%	-20.2%
W	New	Wayfair Inc.	$1,291,000	–	8,744	–	0.50%	–
OGS	Sell	ONE Gas, Inc.	$1,196,000	-3.1%	14,541	-11.9%	0.47%	-0.6%
M	Sell	Macy's, Inc.	$1,169,000	-34.4%	33,673	-29.2%	0.46%	-32.8%
APC	Sell	Anadarko Petroleum Corp.	$1,164,000	-15.7%	17,273	-8.3%	0.46%	-13.7%
GOOG	Buy	Alphabet Inc. Class C	$1,153,000	+25.5%	966	+17.2%	0.45%	+28.5%
TDOC	New	Teladoc Health, Inc.	$1,033,000	–	11,966	–	0.40%	–
CACI	Buy	CACI International Inc	$1,029,000	+34.3%	5,586	+22.9%	0.40%	+37.5%
EXPE	Sell	Expedia, Inc.	$1,023,000	-12.3%	7,838	-19.3%	0.40%	-10.3%
BP	Sell	BP PLC	$998,000	-9.2%	21,640	-10.1%	0.39%	-7.1%
MO	Sell	ALTRIA GROUP INC COM	$987,000	-30.9%	15,500	-38.4%	0.39%	-29.3%
BIIB	Sell	BIOGEN IDEC INC	$973,000	+21.9%	2,750	-70.3%	0.38%	+24.9%
FICO	Buy	Fair Isaac Corp.	$945,000	+23.2%	4,135	+4.3%	0.37%	+26.3%
VCR	Buy	Vanguard Consumer Discretionaretf	$944,000	+7.8%	5,234	+1.4%	0.37%	+10.1%
USB	Sell	U.S. Bancorp	$849,000	-1.2%	16,080	-6.4%	0.33%	+1.2%
C	Sell	Citigroup	$849,000	-49.3%	11,840	-52.7%	0.33%	-48.1%
CLDR	New	Cloudera, Inc.	$837,000	–	47,432	–	0.33%	–
LEA	Sell	Lear Corporation	$797,000	-28.8%	5,496	-8.8%	0.31%	-27.1%
BHC	New	Bausch Health Companies	$776,000	–	30,237	–	0.30%	–
TCF	Sell	TCF Financial Corp.	$754,000	-15.5%	31,664	-12.6%	0.30%	-13.5%
DLR	Sell	Digital Realty Trustreit	$681,000	-18.8%	6,058	-19.4%	0.27%	-16.9%
MOGA	Sell	Moog, Inc. A	$681,000	-19.0%	7,923	-26.5%	0.27%	-17.1%
	New	AXON ENTERPRISE INC	$650,000	–	9,500	–	0.25%	–
MRO	Sell	Marathon Oil Corp.	$628,000	-0.3%	26,960	-10.7%	0.25%	+2.1%
SJI	Sell	South Jersey Industries, Inc.	$628,000	-10.9%	17,810	-15.4%	0.25%	-8.6%
ACN	Buy	ACCENTURE PLC	$603,000	+146.1%	10,000	+566.7%	0.24%	+151.1%
O	Sell	Realty Income Corp.reit	$569,000	-14.0%	10,004	-18.7%	0.22%	-11.9%
MPC	Sell	Marathon Petroleum Corp.	$564,000	-0.7%	7,050	-13.0%	0.22%	+1.8%
XLF	Sell	Financial Sector ETFetf	$551,000	-52.5%	19,990	-54.2%	0.22%	-51.2%
PH	Sell	Parker Hannifin Corp.	$553,000	-0.5%	3,008	-15.7%	0.22%	+1.9%
SFLY	Sell	Shutterfly, Inc.	$528,000	-50.8%	8,011	-32.8%	0.21%	-49.5%
T	Sell	AT&T INC	$524,000	-5.6%	15,830	-8.5%	0.20%	-3.3%
CCF	Buy	Chase Corporation	$518,000	+23.3%	4,308	+20.4%	0.20%	+26.9%
IYK	Sell	iShares US Consumer Goodsetf	$510,000	-10.1%	4,300	-4.4%	0.20%	-7.8%
BABA	Sell	ALIBABA GROUP HLDG LTDadr	$495,000	-51.5%	3,000	-45.5%	0.19%	-50.3%
XLI	Sell	SPDR Industrial Select Sectoretf	$495,000	+3.8%	6,310	-5.3%	0.19%	+6.6%
YUMC	Buy	YUM CHINA HLDGS INC COM	$492,000	+42.6%	14,000	+100.0%	0.19%	+46.2%
TSCO	Sell	TRACTOR SUPPLY CO	$454,000	+0.7%	5,000	-15.3%	0.18%	+3.5%
CTRP	Buy	CTRIP.COM ADRadr	$450,000	-14.1%	12,100	+10.0%	0.18%	-12.0%
AR	Buy	ANTERO RES CORP	$407,000	+46.4%	23,000	+76.9%	0.16%	+50.0%
DWDP	New	DOWDUPONT INC	$386,000	–	6,000	–	0.15%	–
APU	Sell	Amerigas Partners LPunit ltd partnr	$383,000	-7.0%	9,700	-0.6%	0.15%	-4.5%
OMC	Sell	Omnicom Group	$377,000	-18.6%	5,540	-8.7%	0.15%	-16.4%
LOGM	New	LogMein, Inc.	$374,000	–	4,196	–	0.15%	–
GOOGL	Sell	ALPHABET INC CLASS A	$361,000	-54.4%	300	-57.1%	0.14%	-53.3%
MTDR	Sell	Matador Resources Co.	$345,000	-68.7%	10,437	-71.5%	0.14%	-67.9%
SPY	Buy	S&P 500 Index Fundetf	$338,000	+13.4%	1,161	+5.7%	0.13%	+15.8%
PG	Sell	Procter & Gamble Co.	$336,000	-17.8%	4,033	-23.1%	0.13%	-16.0%
EMLP	Sell	FIRST TRUST NA ENER INF FUNDetf	$305,000	-22.8%	13,000	-23.5%	0.12%	-21.2%
ABBV	Sell	ABBVIE INC COM	$284,000	-31.9%	3,000	-33.3%	0.11%	-30.2%
EWG	Sell	ISHARES INC MSCI GERMANYetf	$267,000	-15.2%	9,000	-14.3%	0.10%	-13.3%
BKLN	Sell	INVESCO SENIOR LOAN ETFetf	$257,000	-65.7%	11,115	-66.1%	0.10%	-64.7%
TIP	New	ISHARES TIPS BOND ETFetf	$254,000	–	2,305	–	0.10%	–
IEFA	New	ISHARES CORE MSCI EAFEetf	$243,000	–	3,580	–	0.10%	–
GNRC	Sell	GENERAC HLDGS INC	$243,000	-25.2%	4,300	-31.7%	0.10%	-23.4%
FOMX	New	FOAMIX PHARMACEUTICALS	$228,000	–	40,000	–	0.09%	–
FL	Sell	Foot Locker, Inc.	$214,000	-66.1%	4,190	-65.1%	0.08%	-65.1%
BPMC	Buy	BLUEPRINT MEDICINES CORP	$210,000	+22.8%	2,969	+10.1%	0.08%	+26.2%
UBNT	Sell	UBIQUITI NETWORKS INC	$198,000	-74.0%	2,000	-77.8%	0.08%	-73.5%
CLB	Sell	CORE LABORATORIES NV	$197,000	-66.8%	1,700	-63.8%	0.08%	-65.9%
AMLP	Sell	ALPS TRUST ETF ALERIAN MLPetf	$194,000	-38.8%	18,191	-42.0%	0.08%	-37.2%
	New	Petrofac Ord	$177,000	–	20,850	–	0.07%	–
ECL	New	ECOLAB INC	$157,000	–	1,000	–	0.06%	–
F	Sell	Ford Motor Co.	$139,000	-21.5%	15,000	-6.2%	0.05%	-20.6%
ECON	Sell	COLUMBIA EMERGING MARKETS ETFetf	$111,000	-35.5%	5,000	-28.6%	0.04%	-34.8%
BC	Sell	BRUNSWICK CORP	$67,000	-82.6%	1,000	-83.3%	0.03%	-82.3%
EMQQ	Sell	EMQQ EM Internet AND ECOMMetf	$64,000	-81.0%	2,000	-78.2%	0.02%	-80.6%
RDY	Buy	DOCTOR REDDY'S LABS ADRadr	$52,000	+8.3%	1,500	+50.0%	0.02%	+11.1%
CTMX	New	CYTOMX THERAPEUTICS	$35,000	–	1,888	–	0.01%	–
GLYE	Exit	Glyeco, Inc.	$0	–	-70,000	–	-0.00%	–
EDIT	Exit	EDITAS MEDICINE INC COM	$0	–	-111	–	-0.00%	–
BLPH	Exit	BELLEROPHON THERAPEUTICS	$0	–	-4,588	–	-0.00%	–
BAX	Exit	BAXTER INTERNATIONAL	$0	–	-400	–	-0.01%	–
TAR	Exit	TELEFONICA DE ESPANAN SA ADRadr	$0	–	-4,520	–	-0.02%	–
	Exit	CYTOMX THERAPEUTICS INC COM	$0	–	-1,888	–	-0.02%	–
STON	Exit	STONEMOR PARTNER	$0	–	-8,700	–	-0.02%	–
ZFGN	Exit	ZAFGEN INC COM	$0	–	-9,125	–	-0.04%	–
CRUS	Exit	CIRRUS LOGIC INC COM	$0	–	-3,000	–	-0.04%	–
UNP	Exit	UNION PAC CORP COM	$0	–	-1,000	–	-0.05%	–
DERM	Exit	DERMIRA INC COM	$0	–	-16,700	–	-0.06%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP	$0	–	-900	–	-0.08%	–
DIS	Exit	WALT DISNEY CO COM	$0	–	-22	–	-0.08%	–
EFA	Exit	ISHARES MSCI EAFE	$0	–	-3,580	–	-0.09%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-5,000	–	-0.10%	–
POFCY	Exit	Petrofac	$0	–	-38,550	–	-0.11%	–
WFCPRL	Exit	WELLS FARGO CO NEW PERPpfd	$0	–	-300	–	-0.14%	–
NVRO	Exit	Nevro Corp	$0	–	-5,263	–	-0.16%	–
AXON	Exit	AXON ENTERPRISE INC COM	$0	–	-9,500	–	-0.23%	–
VRX	Exit	Valeant Pharmaceuticals	$0	–	-25,917	–	-0.23%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-5,867	–	-0.24%	–
JWA	Exit	John Wiley & Sons Inc. A	$0	–	-12,335	–	-0.29%	–
CWB	Exit	SPDR BLOOMBERG CONV	$0	–	-14,621	–	-0.30%	–
MU	Exit	Micron Technology, Inc.	$0	–	-19,969	–	-0.40%	–
BBSI	Exit	Barrett Business Services, Inc	$0	–	-12,437	–	-0.46%	–
MTD	Exit	Mettler-Toledo International,	$0	–	-2,219	–	-0.49%	–
EXP	Exit	Eagle Materials Inc.	$0	–	-14,524	–	-0.58%	–
RHT	Exit	Red Hat, Inc.	$0	–	-11,909	–	-0.61%	–
ASGN	Exit	ASGN, Inc.	$0	–	-21,382	–	-0.64%	–

Q2 2018

			Value		Shares		↓ Weighting
GBT	New	GLOBAL BLOOD THERAPEUTICS	$13,970,000	–	98,939	–	5.34%	–
MYOK	New	MYOKARDIA INC COM	$8,803,000	–	177,304	–	3.36%	–
AAPL	New	Apple Inc.	$8,052,000	–	43,496	–	3.08%	–
MSFT	New	Microsoft	$7,669,000	–	77,775	–	2.93%	–
IWM	New	ISHARES RUSSELL 2000 ETF	$7,434,000	–	45,387	–	2.84%	–
JPM	New	JPMorgan Chase & Co.	$6,962,000	–	66,812	–	2.66%	–
PTLA	New	PORTOLA PHARMACEUTICALS	$5,806,000	–	153,729	–	2.22%	–
BAC	New	Bank of America Corp.	$5,589,000	–	198,276	–	2.14%	–
CSCO	New	Cisco Systems Inc.	$4,724,000	–	109,781	–	1.80%	–
PFE	New	PFIZER INC COM	$4,211,000	–	116,044	–	1.61%	–
ZION	New	Zions Bancorporation	$3,985,000	–	75,640	–	1.52%	–
WMT	New	Wal-Mart Stores Inc.	$3,909,000	–	45,641	–	1.49%	–
FITB	New	Fifth Third Bancorp	$3,902,000	–	135,950	–	1.49%	–
SIRI	New	Sirius XM Holdings Inc.	$3,848,000	–	568,432	–	1.47%	–
STMP	New	Stamps.com Inc	$3,805,000	–	15,035	–	1.45%	–
FISV	New	Fiserv Inc.	$3,746,000	–	50,564	–	1.43%	–
KAR	New	KAR Auction Services	$3,653,000	–	66,659	–	1.40%	–
STI	New	SunTrust Banks, Inc.	$3,520,000	–	53,317	–	1.34%	–
FB	New	FACEBOOK INC CL A	$3,470,000	–	17,860	–	1.32%	–
DISCA	New	Discovery Communications, Inc.	$3,442,000	–	125,160	–	1.32%	–
WLL	New	Whiting Petroleum Corp	$3,438,000	–	65,221	–	1.31%	–
V	New	VISA INC	$3,142,000	–	23,730	–	1.20%	–
BA	New	The Boeing Company	$2,996,000	–	8,931	–	1.14%	–
GILD	New	GILEAD SCIENCES INC	$2,941,000	–	41,485	–	1.12%	–
GNTX	New	Gentex Corp.	$2,909,000	–	126,351	–	1.11%	–
VRSN	New	VeriSign, Inc.	$2,899,000	–	21,097	–	1.11%	–
ADBE	New	Adobe Systems, Inc.	$2,852,000	–	11,697	–	1.09%	–
LOW	New	Lowe's Companies, Inc.	$2,801,000	–	29,304	–	1.07%	–
TXN	New	Texas Intstruments	$2,766,000	–	25,091	–	1.06%	–
AMZN	New	AMAZON.COM INC	$2,752,000	–	1,619	–	1.05%	–
GGG	New	Graco, Inc.	$2,664,000	–	58,916	–	1.02%	–
AMGN	New	Amgen Inc.	$2,603,000	–	14,103	–	0.99%	–
EW	New	Edwards Lifesciences	$2,483,000	–	17,058	–	0.95%	–
XOM	New	EXXON MOBIL CORP COM	$2,441,000	–	29,517	–	0.93%	–
LLL	New	L3 Technologies	$2,389,000	–	12,421	–	0.91%	–
INTC	New	Intel Corp.	$2,289,000	–	46,044	–	0.87%	–
UNH	New	UnitedHealth Group Inc	$2,279,000	–	9,290	–	0.87%	–
GDOT	New	Green Dot Corporation	$2,213,000	–	30,151	–	0.84%	–
	New	iShares Core S&P Mid-Cap ETF	$2,201,000	–	11,300	–	0.84%	–
AVY	New	Avery Dennison Corp.	$2,157,000	–	21,130	–	0.82%	–
SHW	New	Sherwin-Williams Co.	$2,043,000	–	5,012	–	0.78%	–
TTE	New	Total SA ADR	$2,020,000	–	33,352	–	0.77%	–
CVI	New	CVR Energy, Inc.	$2,011,000	–	54,364	–	0.77%	–
NDSN	New	Nordson Corp.	$1,943,000	–	15,134	–	0.74%	–
JNJ	New	JOHNSON & JOHNSON	$1,858,000	–	15,313	–	0.71%	–
M	New	Macy's, Inc.	$1,781,000	–	47,588	–	0.68%	–
DAL	New	Delta Air Lines, Inc.	$1,733,000	–	34,987	–	0.66%	–
OKTA	New	Okta, Inc.	$1,711,000	–	33,970	–	0.65%	–
BRKA	New	BERKSHIRE HATHAWAY A	$1,692,000	–	6	–	0.65%	–
DVY	New	ISHARES DJ SELECT DIVIDEND	$1,681,000	–	17,201	–	0.64%	–
C	New	Citigroup	$1,675,000	–	25,030	–	0.64%	–
ASGN	New	ASGN, Inc.	$1,672,000	–	21,382	–	0.64%	–
USPH	New	US Physical Therapy Inc.	$1,608,000	–	16,753	–	0.61%	–
RHT	New	Red Hat, Inc.	$1,600,000	–	11,909	–	0.61%	–
EXP	New	Eagle Materials Inc.	$1,525,000	–	14,524	–	0.58%	–
BRKB	New	Berkshire Hathaway Inc.	$1,477,000	–	7,914	–	0.56%	–
MO	New	ALTRIA GROUP INC COM	$1,429,000	–	25,170	–	0.55%	–
EHC	New	Encompass Health Corporation	$1,417,000	–	20,920	–	0.54%	–
APC	New	Anadarko Petroleum Corp.	$1,380,000	–	18,833	–	0.53%	–
IVV	New	ISHARES S&P 500 INDEX	$1,294,000	–	4,740	–	0.49%	–
MTD	New	Mettler-Toledo International,	$1,284,000	–	2,219	–	0.49%	–
OGS	New	ONE Gas, Inc.	$1,234,000	–	16,511	–	0.47%	–
BBSI	New	Barrett Business Services, Inc	$1,201,000	–	12,437	–	0.46%	–
TPL	New	TEXAS PAC LD	$1,182,000	–	1,700	–	0.45%	–
EXPE	New	Expedia, Inc.	$1,167,000	–	9,708	–	0.45%	–
XLF	New	Financial Sector ETF	$1,161,000	–	43,680	–	0.44%	–
LEA	New	Lear Corporation	$1,120,000	–	6,026	–	0.43%	–
MTDR	New	Matador Resources Co.	$1,102,000	–	36,663	–	0.42%	–
BP	New	BP PLC	$1,099,000	–	24,070	–	0.42%	–
SFLY	New	Shutterfly, Inc.	$1,073,000	–	11,921	–	0.41%	–
MU	New	Micron Technology, Inc.	$1,047,000	–	19,969	–	0.40%	–
BABA	New	ALIBABA GROUP HLDG LTDadr	$1,021,000	–	5,500	–	0.39%	–
GOOG	New	Alphabet Inc. Class C	$919,000	–	824	–	0.35%	–
TCF	New	TCF Financial Corp.	$892,000	–	36,240	–	0.34%	–
VCR	New	Vanguard Consumer Discretionar	$876,000	–	5,164	–	0.34%	–
USB	New	U.S. Bancorp	$859,000	–	17,180	–	0.33%	–
AVYA	New	AVAYA HLDGS CORP COM	$859,000	–	42,600	–	0.33%	–
MOGA	New	Moog, Inc. A	$841,000	–	10,784	–	0.32%	–
DLR	New	Digital Realty Trust	$839,000	–	7,518	–	0.32%	–
PM	New	PHILIP MORRIS INTL INC	$807,000	–	10,000	–	0.31%	–
BIIB	New	BIOGEN IDEC INC	$798,000	–	9,250	–	0.30%	–
AGIO	New	AGIOS PHARMACEUTICALS INC COM	$799,000	–	9,500	–	0.30%	–
GOOGL	New	ALPHABET INC CLASS A	$791,000	–	700	–	0.30%	–
IJH	New	ISHARES S&P MIDCAP FUND	$785,000	–	4,030	–	0.30%	–
CWB	New	SPDR BLOOMBERG CONV	$775,000	–	14,621	–	0.30%	–
JWA	New	John Wiley & Sons Inc. A	$770,000	–	12,335	–	0.29%	–
FICO	New	Fair Isaac Corp.	$767,000	–	3,965	–	0.29%	–
CACI	New	CACI International Inc	$766,000	–	4,546	–	0.29%	–
UBNT	New	UBIQUITI NETWORKS INC COM	$762,000	–	9,000	–	0.29%	–
SAGE	New	SAGE THERAPEUTICS INC COM	$757,000	–	4,837	–	0.29%	–
BKLN	New	INVESCO SENIOR LOAN ETF	$750,000	–	32,757	–	0.29%	–
SJI	New	South Jersey Industries, Inc.	$705,000	–	21,050	–	0.27%	–
O	New	Realty Income Corp.	$662,000	–	12,301	–	0.25%	–
ABC	New	AMERISOURCEBERGEN CORP COM	$657,000	–	7,700	–	0.25%	–
MRO	New	Marathon Oil Corp.	$630,000	–	30,200	–	0.24%	–
FL	New	Foot Locker, Inc.	$632,000	–	12,000	–	0.24%	–
GLNG	New	GOLAR LNG LTD SHS	$618,000	–	21,000	–	0.24%	–
KMB	New	Kimberly-Clark Corp.	$618,000	–	5,867	–	0.24%	–
VRX	New	Valeant Pharmaceuticals	$602,000	–	25,917	–	0.23%	–
AXON	New	AXON ENTERPRISE INC COM	$600,000	–	9,500	–	0.23%	–
CLB	New	CORE LABORATORIES N V COM	$593,000	–	4,700	–	0.23%	–
MPC	New	Marathon Petroleum Corp.	$568,000	–	8,100	–	0.22%	–
IYK	New	ISHARES DOW JONES US CONSUMER	$567,000	–	4,500	–	0.22%	–
BGS	New	B&G Foods Inc.	$568,000	–	19,010	–	0.22%	–
T	New	AT&T INC COM	$555,000	–	17,299	–	0.21%	–
PH	New	Parker Hannifin Corp.	$556,000	–	3,568	–	0.21%	–
CTRP	New	CTRIP.COM INTL LTDadr	$524,000	–	11,000	–	0.20%	–
MNST	New	MONSTER BEVERAGE CORP	$516,000	–	9,000	–	0.20%	–
IRM	New	IRON MOUNTAIN INC	$514,000	–	14,670	–	0.20%	–
EPD	New	Enterprise Products Partners Lunit ltd partnr	$494,000	–	17,840	–	0.19%	–
SBAC	New	SBA COMMUNICATIONS CP	$495,000	–	3,000	–	0.19%	–
CVS	New	CVS HEALTH CORP COM	$483,000	–	7,500	–	0.18%	–
UBA	New	Urstadt Biddle Properties A	$481,000	–	21,240	–	0.18%	–
XLI	New	SPDR Industrial Select Sector	$477,000	–	6,660	–	0.18%	–
OMC	New	Omnicom Group	$463,000	–	6,065	–	0.18%	–
TSCO	New	TRACTOR SUPPLY CO	$451,000	–	5,900	–	0.17%	–
SWKS	New	SKYWORKS SOLUTIONS INC COM	$435,000	–	4,500	–	0.17%	–
CCI	New	Crown Castle International Cor	$431,000	–	4,000	–	0.16%	–
OLED	New	UNIVERSAL DISPLAY CORP	$430,000	–	5,000	–	0.16%	–
SAFT	New	SAFETY INSURANCE GROUP IN	$427,000	–	5,000	–	0.16%	–
CCF	New	Chase Corporation	$420,000	–	3,578	–	0.16%	–
ILMN	New	ILLUMINA INC	$420,000	–	1,500	–	0.16%	–
NVRO	New	Nevro Corp	$420,000	–	5,263	–	0.16%	–
ABBV	New	ABBVIE INC COM	$417,000	–	4,500	–	0.16%	–
APU	New	Amerigas Partners LP	$412,000	–	9,760	–	0.16%	–
STX	New	Seagate Technology PLC	$411,000	–	7,286	–	0.16%	–
WY	New	WEYERHAEUSER CO	$409,000	–	11,200	–	0.16%	–
PG	New	Procter & Gamble Co.	$409,000	–	5,243	–	0.16%	–
VZ	New	Verizon Communications Inc.	$406,000	–	8,070	–	0.16%	–
SYNA	New	SYNAPTICS INC	$403,000	–	8,000	–	0.15%	–
EMLP	New	FIRST TRUST NA ENERGY INFRA	$395,000	–	17,000	–	0.15%	–
YUM	New	YUM BRANDS INC COM	$390,000	–	5,000	–	0.15%	–
BC	New	BRUNSWICK CORP COM	$386,000	–	6,000	–	0.15%	–
GSK	New	GlaxoSmithKline PLC ADR	$386,000	–	9,570	–	0.15%	–
IMGN	New	IMMUNOGEN INC COM	$384,000	–	39,500	–	0.15%	–
ORLY	New	O REILLY AUTOMOTIVE INC	$383,000	–	1,400	–	0.15%	–
WFCPRL	New	WELLS FARGO CO NEW PERPpfd	$378,000	–	300	–	0.14%	–
IPGP	New	IPG PHOTONICS CORP COM	$375,000	–	1,700	–	0.14%	–
JEF	New	JEFFERIES FINL GROUP INC COM	$364,000	–	16,000	–	0.14%	–
MGK	New	VANGUARD MEGA CAP GROWTH	$357,000	–	3,000	–	0.14%	–
MKC	New	MCCORMICK & CO INC	$348,000	–	3,000	–	0.13%	–
YUMC	New	YUM CHINA HLDGS INC COM	$345,000	–	7,000	–	0.13%	–
EMQQ	New	EMRG MRKTS INTERNET AND ECOM	$337,000	–	9,163	–	0.13%	–
GNRC	New	GENERAC HLDGS INC COM	$325,000	–	6,300	–	0.12%	–
WMB	New	WILLIAMS COS INC DEL COM	$325,000	–	12,000	–	0.12%	–
AMLP	New	ALPS TRUST ETF ALERIAN MLP	$317,000	–	31,347	–	0.12%	–
EWG	New	ISHARES MSCI GERMANY INDEX	$315,000	–	10,500	–	0.12%	–
SPY	New	S&P 500 Index Fund	$298,000	–	1,098	–	0.11%	–
POFCY	New	Petrofac	$292,000	–	38,550	–	0.11%	–
CBOE	New	CBOE GLOBAL MARKETS INC	$291,000	–	2,800	–	0.11%	–
UPS	New	UNITED PARCEL SERVICE	$286,000	–	2,700	–	0.11%	–
AR	New	ANTERO RES CORP COM	$278,000	–	13,000	–	0.11%	–
COP	New	CONOCOPHILLIPS COM	$278,000	–	4,000	–	0.11%	–
EEM	New	ISHARES MSCI EMRG MRKTS ETF	$268,000	–	6,180	–	0.10%	–
AIG	New	AMERICAN INTL GROUP INC	$265,000	–	5,000	–	0.10%	–
SKT	New	Tanger Factory Outlet Centers,	$263,000	–	11,210	–	0.10%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC	$259,000	–	600	–	0.10%	–
MDT	New	MEDTRONIC PLC SHS	$257,000	–	3,000	–	0.10%	–
ACN	New	ACCENTURE PLC SHS CLASS A	$245,000	–	1,500	–	0.09%	–
EFA	New	ISHARES MSCI EAFE	$240,000	–	3,580	–	0.09%	–
PSX	New	PHILLIPS 66	$224,000	–	2,000	–	0.09%	–
DIS	New	WALT DISNEY CO COM	$212,000	–	22	–	0.08%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP	$210,000	–	900	–	0.08%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$210,000	–	2,500	–	0.08%	–
LUV	New	SOUTHWEST AIRLS CO COM	$204,000	–	4,000	–	0.08%	–
MA	New	MASTERCARD INC COM CL A	$197,000	–	1,000	–	0.08%	–
MCD	New	MCDONALDS CORP COM	$197,000	–	1,262	–	0.08%	–
CAT	New	CATERPILLAR INC DEL COM	$177,000	–	1,300	–	0.07%	–
F	New	Ford Motor Co.	$177,000	–	16,000	–	0.07%	–
ECON	New	COLUMBIA EMG MRKTS CONS	$172,000	–	7,000	–	0.07%	–
BPMC	New	BLUEPRINT MEDICINES CORP COM	$171,000	–	2,696	–	0.06%	–
PYPL	New	PAYPAL HLDGS INC COM	$167,000	–	2,000	–	0.06%	–
ARCC	New	ARES CAP CORP COM	$165,000	–	10,000	–	0.06%	–
LYB	New	LYONDELLBASELL	$165,000	–	1,500	–	0.06%	–
THRM	New	GENTHERM INC COM	$157,000	–	4,000	–	0.06%	–
CY	New	CYPRESS SEMICONDUCTOR	$156,000	–	10,000	–	0.06%	–
ESRX	New	EXPRESS SCRIPTS INC	$154,000	–	2,000	–	0.06%	–
DERM	New	DERMIRA INC COM	$153,000	–	16,700	–	0.06%	–
DLTR	New	DOLLAR TREE STORES INC	$153,000	–	1,800	–	0.06%	–
UNP	New	UNION PAC CORP COM	$142,000	–	1,000	–	0.05%	–
CCXI	New	CHEMOCENTRYX INC COM	$132,000	–	10,000	–	0.05%	–
HSY	New	HERSHEY CO COM	$130,000	–	1,400	–	0.05%	–
CRUS	New	CIRRUS LOGIC INC COM	$115,000	–	3,000	–	0.04%	–
DHR	New	DANAHER CORP	$99,000	–	1,000	–	0.04%	–
LIVN	New	LIVANOVA PLC SHS	$100,000	–	1,000	–	0.04%	–
ARRS	New	ARRIS INTL INC SHS	$98,000	–	4,000	–	0.04%	–
WAT	New	WATERS CP	$97,000	–	500	–	0.04%	–
AAP	New	ADVANCE AUTO PARTS INC COM	$94,000	–	700	–	0.04%	–
ZFGN	New	ZAFGEN INC COM	$93,000	–	9,125	–	0.04%	–
JAZZ	New	JAZZ PHARMACEUTICALSINC	$86,000	–	500	–	0.03%	–
SLB	New	SCHLUMBERGER LTD COM	$80,000	–	1,200	–	0.03%	–
PX	New	PRAXAIR INC COM	$79,000	–	500	–	0.03%	–
MPLX	New	MPLX LP COM UNIT REP LTD	$78,000	–	2,289	–	0.03%	–
NSC	New	NORFOLK SOUTHER CORP COM	$75,000	–	500	–	0.03%	–
EBAY	New	EBAY INC	$73,000	–	2,000	–	0.03%	–
PEP	New	PEPSICO INC	$71,000	–	650	–	0.03%	–
KO	New	COCA COLA CO COM	$67,000	–	1,520	–	0.03%	–
CELG	New	CELGENE CORP	$64,000	–	800	–	0.02%	–
HCP	New	HCP INC COM	$64,000	–	2,476	–	0.02%	–
CVX	New	CHEVRON CORP NEW COM	$63,000	–	500	–	0.02%	–
CL	New	COLGATE PALMOLIVE CO	$58,000	–	900	–	0.02%	–
EQT	New	EQT CORPORATION COM	$58,000	–	1,050	–	0.02%	–
GERN	New	GERON CORP	$55,000	–	16,000	–	0.02%	–
STON	New	STONEMOR PARTNER	$53,000	–	8,700	–	0.02%	–
RDY	New	DOCTOR REDDY'S LABS ADRadr	$48,000	–	1,000	–	0.02%	–
	New	CYTOMX THERAPEUTICS INC COM	$43,000	–	1,888	–	0.02%	–
TAR	New	TELEFONICA DE ESPANAN SA ADRadr	$39,000	–	4,520	–	0.02%	–
FTV	New	FORTIVE CORP COM	$39,000	–	500	–	0.02%	–
XLE	New	ENERGY SELECT SECTOR SPDR	$38,000	–	500	–	0.02%	–
TEVA	New	TEVA PHARMACEUTICALS ADRadr	$36,000	–	1,500	–	0.01%	–
BAX	New	BAXTER INTERNATIONAL	$30,000	–	400	–	0.01%	–
DGRO	New	ISHARES CORE DIVIDEND GROWTH	$25,000	–	730	–	0.01%	–
HPT	New	HOSPITALITY PROPERTIES	$20,000	–	700	–	0.01%	–
TRGP	New	TARGA RESOURCES CORPCOM	$20,000	–	403	–	0.01%	–
ATI	New	ALLEGHENY TECHNOLOGIES INC	$20,000	–	800	–	0.01%	–
NUE	New	NUCOR CORP COM	$19,000	–	300	–	0.01%	–
BLPH	New	BELLEROPHON THERAPEUTICS	$11,000	–	4,588	–	0.00%	–
ABT	New	ABBOTT LABS COM	$9,000	–	150	–	0.00%	–
EDIT	New	EDITAS MEDICINE INC COM	$4,000	–	111	–	0.00%	–
GLYE	New	Glyeco, Inc.	$4,000	–	70,000	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
GLYE	Exit	Glyeco, Inc.	$0	–	-70,000	–	-0.00%	–
	Exit	Precinct Properties New Zealan	$0	–	-10,401	–	-0.00%	–
TCF	Exit	TCF Financial Corp.	$0	–	-16,300	–	-0.10%	–
CL	Exit	Colgate-Palmolive Co.	$0	–	-5,067	–	-0.13%	–
HELE	Exit	Helen of Troy	$0	–	-3,980	–	-0.14%	–
MNR	Exit	Monmouth Real Estate Investmen	$0	–	-27,153	–	-0.16%	–
GOOG	Exit	Alphabet Inc. Class C	$0	–	-472	–	-0.16%	–
LEG	Exit	Leggett & Platt Inc.	$0	–	-9,777	–	-0.17%	–
MKC	Exit	McCormick & Co. Inc.	$0	–	-4,615	–	-0.17%	–
DLR	Exit	Digital Realty Trust	$0	–	-4,505	–	-0.19%	–
SPB	Exit	Spectrum Brands Holdings	$0	–	-5,680	–	-0.22%	–
GIS	Exit	General Mills Inc.	$0	–	-12,890	–	-0.24%	–
FHB	Exit	First Hawaiian, Inc.	$0	–	-22,180	–	-0.24%	–
NGG	Exit	National Grid PLC ADSadr	$0	–	-10,947	–	-0.25%	–
TRV	Exit	Travelers Comapnies	$0	–	-6,415	–	-0.28%	–
BETR	Exit	Amplify Snack Brands, Inc.	$0	–	-112,958	–	-0.29%	–
ETP	Exit	Energy Transfer Partners, LPunit ltd partnr	$0	–	-50,683	–	-0.34%	–
LECO	Exit	Lincoln Electric Holdings Inc.	$0	–	-11,356	–	-0.38%	–
HEINY	Exit	Heineken NV ADRadr	$0	–	-21,617	–	-0.39%	–
PH	Exit	Parker Hannifin Corp.	$0	–	-6,209	–	-0.40%	–
VLKAY	Exit	Volkswagen AGadr	$0	–	-34,874	–	-0.43%	–
JWA	Exit	John Wiley & Sons Inc. A	$0	–	-23,129	–	-0.45%	–
NVRO	Exit	Nevro Corp	$0	–	-14,411	–	-0.48%	–
KAR	Exit	KAR Auction Services	$0	–	-27,520	–	-0.48%	–
PG	Exit	Procter & Gamble Co.	$0	–	-14,800	–	-0.49%	–
SJI	Exit	South Jersey Industries, Inc.	$0	–	-39,893	–	-0.50%	–
BCR	Exit	C.R. Bard Inc.	$0	–	-4,497	–	-0.52%	–
PFE	Exit	Pfizer Inc	$0	–	-40,450	–	-0.52%	–
DSW	Exit	DSW, Inc.	$0	–	-67,300	–	-0.52%	–
XOM	Exit	Exxon Mobil Corp.	$0	–	-17,870	–	-0.53%	–
SNI	Exit	Scripps Networks Interactive,	$0	–	-17,987	–	-0.56%	–
SKT	Exit	Tanger Factory Outlet Centers,	$0	–	-66,560	–	-0.59%	–
INTC	Exit	Intel Corp.	$0	–	-45,376	–	-0.63%	–
UBA	Exit	Urstadt Biddle Properties A	$0	–	-85,035	–	-0.67%	–
OGS	Exit	ONE Gas, Inc.	$0	–	-26,583	–	-0.71%	–
BPL	Exit	Buckeye Partners LPunit ltd partnr	$0	–	-35,083	–	-0.73%	–
EBAY	Exit	eBay Inc.	$0	–	-55,220	–	-0.77%	–
STX	Exit	Seagate Technology PLC	$0	–	-68,801	–	-0.83%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-19,720	–	-0.84%	–
PBH	Exit	Prestige Brands Holdings	$0	–	-46,983	–	-0.86%	–
BRKB	Exit	Berkshire Hathaway Inc.	$0	–	-13,030	–	-0.87%	–
VZ	Exit	Verizon Communications Inc.	$0	–	-50,103	–	-0.90%	–
PAYX	Exit	Paychex, Inc.	$0	–	-41,916	–	-0.91%	–
MOGA	Exit	Moog, Inc. A	$0	–	-31,315	–	-0.95%	–
USPH	Exit	US Physical Therapy Inc.	$0	–	-46,533	–	-1.04%	–
APU	Exit	Amerigas Partners LPunit ltd partnr	$0	–	-67,144	–	-1.10%	–
OTEX	Exit	OpenText Corp.	$0	–	-93,938	–	-1.10%	–
BGS	Exit	B&G Foods Inc.	$0	–	-95,263	–	-1.10%	–
TXN	Exit	Texas Intstruments	$0	–	-33,974	–	-1.11%	–
SON	Exit	Sonoco Products Co.	$0	–	-61,691	–	-1.13%	–
NXPI	Exit	NXP Semiconductors NV	$0	–	-28,291	–	-1.16%	–
XLI	Exit	SPDR Industrial Select Sector	$0	–	-48,015	–	-1.24%	–
AMLP	Exit	Alerian MLP ETF	$0	–	-308,285	–	-1.26%	–
RHHBY	Exit	Roche Holdings ADRadr	$0	–	-109,555	–	-1.27%	–
SHW	Exit	Sherwin-Williams Co.	$0	–	-9,985	–	-1.30%	–
OMC	Exit	Omnicom Group	$0	–	-48,629	–	-1.31%	–
STMP	Exit	Stamps.com Inc	$0	–	-20,033	–	-1.48%	–
MO	Exit	Altria Group, Inc.	$0	–	-64,218	–	-1.48%	–
C	Exit	Citigroup	$0	–	-56,142	–	-1.48%	–
MTD	Exit	Mettler-Toledo International,	$0	–	-6,673	–	-1.52%	–
CHD	Exit	Church & Dwight Co., Inc.	$0	–	-88,834	–	-1.56%	–
T	Exit	AT&T Inc.	$0	–	-110,603	–	-1.57%	–
GGG	Exit	Graco, Inc.	$0	–	-35,284	–	-1.58%	–
RHT	Exit	Red Hat, Inc.	$0	–	-39,460	–	-1.59%	–
NVS	Exit	Novartis AG ADRadr	$0	–	-53,683	–	-1.67%	–
O	Exit	Realty Income Corp.	$0	–	-83,018	–	-1.72%	–
AVY	Exit	Avery Dennison Corp.	$0	–	-48,420	–	-1.73%	–
AMCX	Exit	AMC Networks, Inc.	$0	–	-85,452	–	-1.81%	–
MDT	Exit	Medtronic ADRadr	$0	–	-64,304	–	-1.82%	–
STI	Exit	SunTrust Banks, Inc.	$0	–	-86,156	–	-1.87%	–
EXPE	Exit	Expedia, Inc.	$0	–	-35,955	–	-1.88%	–
WMT	Exit	Wal-Mart Stores Inc.	$0	–	-67,812	–	-1.92%	–
CMCSA	Exit	Comcast Corp.	$0	–	-144,824	–	-2.02%	–
FITB	Exit	Fifth Third Bancorp	$0	–	-216,296	–	-2.20%	–
ZION	Exit	Zions Bancorporation	$0	–	-129,975	–	-2.23%	–
JNJ	Exit	Johnson & Johnson	$0	–	-48,005	–	-2.27%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-192,856	–	-2.36%	–
TCP	Exit	TC Pipelines LPunit ltd partnr	$0	–	-124,650	–	-2.37%	–
LLL	Exit	L3 Technologies	$0	–	-35,202	–	-2.41%	–
EPD	Exit	Enterprise Products Partners Lunit ltd partnr	$0	–	-260,379	–	-2.46%	–
BAC	Exit	Bank of America Corp.	$0	–	-270,690	–	-2.49%	–
FISV	Exit	Fiserv Inc.	$0	–	-54,094	–	-2.53%	–
FB	Exit	Facebook, Inc	$0	–	-41,423	–	-2.57%	–
CHKP	Exit	Check Point Software Technolog	$0	–	-65,516	–	-2.71%	–
JPM	Exit	JPMorgan Chase & Co.	$0	–	-95,948	–	-3.33%	–
MSFT	Exit	Microsoft	$0	–	-129,558	–	-3.50%	–
AAPL	Exit	Apple Inc.	$0	–	-66,556	–	-3.73%	–

Q3 2017

			Value		Shares		↓ Weighting
AAPL	Buy	Apple Inc.	$10,258,000	+27.1%	66,556	+18.8%	3.73%	+15.5%
MSFT	Buy	Microsoft	$9,651,000	+22.2%	129,558	+13.1%	3.50%	+11.0%
JPM	Buy	JPMorgan Chase & Co.	$9,164,000	+40.3%	95,948	+34.3%	3.33%	+27.5%
CHKP	Buy	Check Point Software Technolog	$7,470,000	+77.9%	65,516	+70.1%	2.71%	+61.6%
FB	Buy	Facebook, Inc	$7,078,000	+126.1%	41,423	+99.7%	2.57%	+105.4%
FISV	Buy	Fiserv Inc.	$6,976,000	+15.9%	54,094	+9.9%	2.53%	+5.3%
BAC	Buy	Bank of America Corp.	$6,859,000	+174.7%	270,690	+163.0%	2.49%	+149.6%
EPD	Buy	Enterprise Products Partners Lunit ltd partnr	$6,788,000	+2.3%	260,379	+6.2%	2.46%	-7.1%
LLL	Buy	L3 Technologies	$6,633,000	+54.6%	35,202	+37.1%	2.41%	+40.5%
TCP	Buy	TC Pipelines LPunit ltd partnr	$6,522,000	+2.9%	124,650	+8.2%	2.37%	-6.5%
CSCO	Buy	Cisco Systems Inc.	$6,486,000	+13.8%	192,856	+5.9%	2.36%	+3.3%
JNJ	Buy	Johnson & Johnson	$6,241,000	+23.8%	48,005	+25.9%	2.27%	+12.5%
ZION	Buy	Zions Bancorporation	$6,132,000	+51.2%	129,975	+40.7%	2.23%	+37.3%
FITB	Buy	Fifth Third Bancorp	$6,052,000	+16.5%	216,296	+8.0%	2.20%	+5.8%
CMCSA	Buy	Comcast Corp.	$5,573,000	+9.9%	144,824	+11.1%	2.02%	-0.2%
WMT	Buy	Wal-Mart Stores Inc.	$5,299,000	+186.4%	67,812	+177.5%	1.92%	+160.1%
EXPE	Buy	Expedia, Inc.	$5,175,000	+38.0%	35,955	+42.8%	1.88%	+25.3%
STI	Buy	SunTrust Banks, Inc.	$5,150,000	+24.4%	86,156	+18.0%	1.87%	+13.0%
MDT	Buy	Medtronic ADRadr	$5,001,000	+1.2%	64,304	+15.5%	1.82%	-8.1%
AMCX	Buy	AMC Networks, Inc.	$4,996,000	+39.0%	85,452	+27.0%	1.81%	+26.2%
AVY	Buy	Avery Dennison Corp.	$4,762,000	+31.1%	48,420	+17.8%	1.73%	+19.1%
O	Buy	Realty Income Corp.	$4,748,000	+8.6%	83,018	+4.8%	1.72%	-1.4%
NVS	Buy	Novartis AG ADRadr	$4,609,000	+19.0%	53,683	+15.7%	1.67%	+8.1%
RHT	Buy	Red Hat, Inc.	$4,375,000	+156.6%	39,460	+121.6%	1.59%	+133.0%
GGG	Sell	Graco, Inc.	$4,364,000	+12.9%	35,284	-0.3%	1.58%	+2.5%
T	Sell	AT&T Inc.	$4,332,000	-5.3%	110,603	-8.7%	1.57%	-13.9%
CHD	Buy	Church & Dwight Co., Inc.	$4,304,000	-5.1%	88,834	+1.7%	1.56%	-13.7%
MTD	Buy	Mettler-Toledo International,	$4,178,000	+116.8%	6,673	+103.8%	1.52%	+97.0%
C	Buy	Citigroup	$4,084,000	+269.6%	56,142	+239.7%	1.48%	+235.5%
MO	Buy	Altria Group, Inc.	$4,073,000	+64.4%	64,218	+93.0%	1.48%	+49.2%
STMP	Buy	Stamps.com Inc	$4,060,000	+106.3%	20,033	+57.7%	1.48%	+87.4%
OMC	Sell	Omnicom Group	$3,602,000	-27.6%	48,629	-18.9%	1.31%	-34.2%
SHW	Buy	Sherwin-Williams Co.	$3,575,000	+5.8%	9,985	+3.7%	1.30%	-3.9%
RHHBY	Buy	Roche Holdings ADRadr	$3,506,000	+9.1%	109,555	+8.4%	1.27%	-0.9%
AMLP	Sell	Alerian MLP ETF	$3,459,000	-12.9%	308,285	-7.2%	1.26%	-20.9%
XLI	Buy	SPDR Industrial Select Sector	$3,409,000	+40.8%	48,015	+35.0%	1.24%	+27.9%
NXPI	Buy	NXP Semiconductors NV	$3,199,000	+47.1%	28,291	+42.4%	1.16%	+33.7%
SON	Buy	Sonoco Products Co.	$3,112,000	+5.7%	61,691	+7.8%	1.13%	-4.0%
TXN	Buy	Texas Intstruments	$3,045,000	+356.5%	33,974	+291.9%	1.11%	+314.2%
OTEX	Buy	OpenText Corp.	$3,033,000	+5.6%	93,938	+3.1%	1.10%	-4.1%
BGS	Sell	B&G Foods Inc.	$3,034,000	-38.0%	95,263	-30.7%	1.10%	-43.6%
APU	Sell	Amerigas Partners LPunit ltd partnr	$3,017,000	-27.4%	67,144	-27.0%	1.10%	-34.1%
USPH	Sell	US Physical Therapy Inc.	$2,859,000	-7.0%	46,533	-8.5%	1.04%	-15.5%
MOGA	Buy	Moog, Inc. A	$2,613,000	+20.9%	31,315	+3.9%	0.95%	+9.8%
PAYX	Buy	Paychex, Inc.	$2,513,000	+11.7%	41,916	+6.1%	0.91%	+1.4%
VZ	Sell	Verizon Communications Inc.	$2,480,000	-33.4%	50,103	-39.9%	0.90%	-39.5%
BRKB	Buy	Berkshire Hathaway Inc.	$2,389,000	+27.9%	13,030	+18.1%	0.87%	+16.2%
PBH	Sell	Prestige Brands Holdings	$2,353,000	-17.3%	46,983	-12.8%	0.86%	-24.9%
KMB	Sell	Kimberly-Clark Corp.	$2,321,000	-35.3%	19,720	-29.0%	0.84%	-41.3%
STX	Buy	Seagate Technology PLC	$2,282,000	-7.9%	68,801	+7.6%	0.83%	-16.3%
EBAY	New	eBay Inc.	$2,124,000	–	55,220	–	0.77%	–
BPL	Sell	Buckeye Partners LPunit ltd partnr	$2,000,000	-25.9%	35,083	-16.9%	0.73%	-32.7%
OGS	Buy	ONE Gas, Inc.	$1,958,000	+37.5%	26,583	+30.3%	0.71%	+25.0%
UBA	Buy	Urstadt Biddle Properties A	$1,845,000	+10.1%	85,035	+0.5%	0.67%	0.0%
INTC	Buy	Intel Corp.	$1,728,000	+33.7%	45,376	+18.5%	0.63%	+21.5%
SKT	Buy	Tanger Factory Outlet Centers,	$1,625,000	+3.9%	66,560	+10.6%	0.59%	-5.6%
SNI	Sell	Scripps Networks Interactive,	$1,545,000	-63.1%	17,987	-70.6%	0.56%	-66.5%
XOM	Sell	Exxon Mobil Corp.	$1,465,000	-52.7%	17,870	-53.4%	0.53%	-57.0%
DSW	Sell	DSW, Inc.	$1,446,000	-4.8%	67,300	-21.6%	0.52%	-13.5%
PFE	Buy	Pfizer Inc	$1,444,000	+185.4%	40,450	+168.6%	0.52%	+159.4%
BCR	Sell	C.R. Bard Inc.	$1,441,000	-77.0%	4,497	-77.4%	0.52%	-79.2%
SJI	Buy	South Jersey Industries, Inc.	$1,378,000	+21.2%	39,893	+19.9%	0.50%	+9.9%
PG	Sell	Procter & Gamble Co.	$1,347,000	-24.8%	14,800	-28.0%	0.49%	-31.7%
KAR	Buy	KAR Auction Services	$1,314,000	+163.3%	27,520	+131.3%	0.48%	+138.5%
NVRO	New	Nevro Corp	$1,310,000	–	14,411	–	0.48%	–
JWA	Buy	John Wiley & Sons Inc. A	$1,237,000	+46.9%	23,129	+44.9%	0.45%	+33.2%
VLKAY	Sell	Volkswagen AGadr	$1,179,000	-43.2%	34,874	-47.7%	0.43%	-48.4%
PH	Buy	Parker Hannifin Corp.	$1,087,000	+116.1%	6,209	+97.2%	0.40%	+96.5%
HEINY	Sell	Heineken NV ADRadr	$1,073,000	-36.3%	21,617	-37.4%	0.39%	-42.1%
LECO	Sell	Lincoln Electric Holdings Inc.	$1,041,000	-3.1%	11,356	-2.7%	0.38%	-11.9%
ETP	Sell	Energy Transfer Partners, LPunit ltd partnr	$927,000	-57.0%	50,683	-52.0%	0.34%	-60.9%
BETR	Sell	Amplify Snack Brands, Inc.	$801,000	-26.6%	112,958	-0.2%	0.29%	-33.3%
TRV	Buy	Travelers Comapnies	$786,000	+50.9%	6,415	+55.9%	0.28%	+37.0%
NGG	Sell	National Grid PLC ADSadr	$686,000	-50.5%	10,947	-50.3%	0.25%	-55.1%
FHB	Buy	First Hawaiian, Inc.	$672,000	+3.1%	22,180	+4.2%	0.24%	-6.5%
GIS	Sell	General Mills Inc.	$667,000	-71.8%	12,890	-69.8%	0.24%	-74.4%
SPB	Sell	Spectrum Brands Holdings	$602,000	-50.7%	5,680	-41.8%	0.22%	-55.1%
DLR	New	Digital Realty Trust	$533,000	–	4,505	–	0.19%	–
MKC	Sell	McCormick & Co. Inc.	$474,000	-50.4%	4,615	-52.9%	0.17%	-55.0%
LEG	Sell	Leggett & Platt Inc.	$467,000	-53.2%	9,777	-48.5%	0.17%	-57.4%
GOOG	New	Alphabet Inc. Class C	$453,000	–	472	–	0.16%	–
MNR	Sell	Monmouth Real Estate Investmen	$440,000	+6.3%	27,153	-1.4%	0.16%	-3.6%
HELE	Buy	Helen of Troy	$386,000	+14.5%	3,980	+11.2%	0.14%	+3.7%
CL	Sell	Colgate-Palmolive Co.	$369,000	-74.0%	5,067	-73.5%	0.13%	-76.4%
TCF	Sell	TCF Financial Corp.	$278,000	-17.3%	16,300	-22.6%	0.10%	-24.6%
GLYE	New	Glyeco, Inc.	$6,000	–	70,000	–	0.00%	–
SRE	Exit	Sempra Energy	$0	–	-2,036	–	-0.09%	–
SNN	Exit	Smith & Nephew PLC	$0	–	-8,501	–	-0.12%	–
MRO	Exit	Marathon Oil Corp.	$0	–	-26,595	–	-0.13%	–
CPK	Exit	Chesapeake Utilities Corp.	$0	–	-5,560	–	-0.17%	–
DFT	Exit	DuPont Fabros Technology	$0	–	-8,350	–	-0.20%	–
MCK	Exit	McKesson Corp	$0	–	-3,370	–	-0.22%	–
HRL	Exit	Hormel Foods Corp.	$0	–	-16,984	–	-0.23%	–
OIH	Exit	VanEck Vectors Oil Services ET	$0	–	-26,850	–	-0.27%	–
IBM	Exit	IBM Corporation	$0	–	-5,099	–	-0.31%	–
GE	Exit	General Electric Co.	$0	–	-49,780	–	-0.54%	–
TEVA	Exit	Teva Pharmaceutical ADR	$0	–	-56,865	–	-0.76%	–
AMZN	Exit	Amazon.com, Inc.	$0	–	-4,310	–	-1.67%	–

Q2 2017

			Value		Shares		↓ Weighting
AAPL	New	Apple Inc.	$8,071,000	–	56,038	–	3.23%	–
MSFT	New	Microsoft	$7,899,000	–	114,600	–	3.16%	–
EPD	New	Enterprise Products Partners L	$6,638,000	–	245,120	–	2.65%	–
JPM	New	JPMorgan Chase & Co.	$6,530,000	–	71,440	–	2.61%	–
TCP	New	TC Pipelines LP	$6,336,000	–	115,199	–	2.53%	–
BCR	New	C.R. Bard Inc.	$6,278,000	–	19,859	–	2.51%	–
FISV	New	Fiserv Inc.	$6,021,000	–	49,218	–	2.41%	–
CSCO	New	Cisco Systems Inc.	$5,701,000	–	182,155	–	2.28%	–
FITB	New	Fifth Third Bancorp	$5,197,000	–	200,200	–	2.08%	–
CMCSA	New	Comcast Corp.	$5,072,000	–	130,322	–	2.03%	–
JNJ	New	Johnson & Johnson	$5,043,000	–	38,122	–	2.02%	–
OMC	New	Omnicom Group	$4,972,000	–	59,978	–	1.99%	–
MDT	New	Medtronic ADR	$4,940,000	–	55,657	–	1.98%	–
BGS	New	B&G Foods Inc.	$4,890,000	–	137,369	–	1.96%	–
T	New	AT&T Inc.	$4,573,000	–	121,195	–	1.83%	–
CHD	New	Church & Dwight Co., Inc.	$4,533,000	–	87,374	–	1.81%	–
O	New	Realty Income Corp.	$4,372,000	–	79,239	–	1.75%	–
LLL	New	L3 Technologies	$4,290,000	–	25,676	–	1.72%	–
CHKP	New	Check Point Software Technolog	$4,200,000	–	38,507	–	1.68%	–
SNI	New	Scripps Networks Interactive,	$4,185,000	–	61,258	–	1.67%	–
AMZN	New	Amazon.com, Inc.	$4,172,000	–	4,310	–	1.67%	–
APU	New	Amerigas Partners LP	$4,156,000	–	92,003	–	1.66%	–
STI	New	SunTrust Banks, Inc.	$4,140,000	–	72,990	–	1.66%	–
ZION	New	Zions Bancorporation	$4,056,000	–	92,380	–	1.62%	–
AMLP	New	Alerian MLP ETF	$3,972,000	–	332,085	–	1.59%	–
NVS	New	Novartis AG ADR	$3,872,000	–	46,388	–	1.55%	–
GGG	New	Graco, Inc.	$3,866,000	–	35,374	–	1.55%	–
EXPE	New	Expedia, Inc.	$3,751,000	–	25,180	–	1.50%	–
VZ	New	Verizon Communications Inc.	$3,726,000	–	83,423	–	1.49%	–
AVY	New	Avery Dennison Corp.	$3,633,000	–	41,108	–	1.45%	–
AMCX	New	AMC Networks, Inc.	$3,594,000	–	67,285	–	1.44%	–
KMB	New	Kimberly-Clark Corp.	$3,588,000	–	27,793	–	1.44%	–
SHW	New	Sherwin-Williams Co.	$3,380,000	–	9,630	–	1.35%	–
RHHBY	New	Roche Holdings ADR	$3,214,000	–	101,065	–	1.28%	–
FB	New	Facebook, Inc	$3,131,000	–	20,738	–	1.25%	–
XOM	New	Exxon Mobil Corp.	$3,097,000	–	38,357	–	1.24%	–
USPH	New	US Physical Therapy Inc.	$3,073,000	–	50,872	–	1.23%	–
SON	New	Sonoco Products Co.	$2,944,000	–	57,253	–	1.18%	–
OTEX	New	OpenText Corp.	$2,873,000	–	91,088	–	1.15%	–
PBH	New	Prestige Brands Holdings	$2,845,000	–	53,863	–	1.14%	–
BPL	New	Buckeye Partners LP	$2,699,000	–	42,223	–	1.08%	–
BAC	New	Bank of America Corp.	$2,497,000	–	102,930	–	1.00%	–
MO	New	Altria Group, Inc.	$2,478,000	–	33,274	–	0.99%	–
STX	New	Seagate Technology PLC	$2,477,000	–	63,923	–	0.99%	–
XLI	New	SPDR Industrial Select Sector	$2,422,000	–	35,565	–	0.97%	–
GIS	New	General Mills Inc.	$2,364,000	–	42,672	–	0.94%	–
PAYX	New	Paychex, Inc.	$2,250,000	–	39,519	–	0.90%	–
NXPI	New	NXP Semiconductors NV	$2,174,000	–	19,862	–	0.87%	–
MOGA	New	Moog, Inc. A	$2,162,000	–	30,148	–	0.86%	–
ETP	New	Energy Transfer Partners, LP	$2,154,000	–	105,663	–	0.86%	–
VLKAY	New	Volkswagen AG	$2,075,000	–	66,672	–	0.83%	–
STMP	New	Stamps.com Inc	$1,968,000	–	12,704	–	0.79%	–
MTD	New	Mettler-Toledo International,	$1,927,000	–	3,275	–	0.77%	–
TEVA	New	Teva Pharmaceutical ADR	$1,889,000	–	56,865	–	0.76%	–
BRKB	New	Berkshire Hathaway Inc.	$1,868,000	–	11,030	–	0.75%	–
WMT	New	Wal-Mart Stores Inc.	$1,850,000	–	24,440	–	0.74%	–
PG	New	Procter & Gamble Co.	$1,791,000	–	20,550	–	0.72%	–
RHT	New	Red Hat, Inc.	$1,705,000	–	17,810	–	0.68%	–
HEINY	New	Heineken NV ADR	$1,684,000	–	34,552	–	0.67%	–
UBA	New	Urstadt Biddle Properties A	$1,675,000	–	84,595	–	0.67%	–
SKT	New	Tanger Factory Outlet Centers,	$1,564,000	–	60,196	–	0.62%	–
DSW	New	DSW, Inc.	$1,519,000	–	85,793	–	0.61%	–
OGS	New	ONE Gas, Inc.	$1,424,000	–	20,403	–	0.57%	–
CL	New	Colgate-Palmolive Co.	$1,419,000	–	19,140	–	0.57%	–
NGG	New	National Grid PLC ADS	$1,385,000	–	22,046	–	0.55%	–
GE	New	General Electric Co.	$1,345,000	–	49,780	–	0.54%	–
INTC	New	Intel Corp.	$1,292,000	–	38,280	–	0.52%	–
SPB	New	Spectrum Brands Holdings	$1,220,000	–	9,760	–	0.49%	–
SJI	New	South Jersey Industries, Inc.	$1,137,000	–	33,279	–	0.46%	–
C	New	Citigroup	$1,105,000	–	16,525	–	0.44%	–
BETR	New	Amplify Snack Brands, Inc.	$1,091,000	–	113,170	–	0.44%	–
LECO	New	Lincoln Electric Holdings Inc.	$1,074,000	–	11,666	–	0.43%	–
LEG	New	Leggett & Platt Inc.	$997,000	–	18,976	–	0.40%	–
MKC	New	McCormick & Co. Inc.	$955,000	–	9,795	–	0.38%	–
JWA	New	John Wiley & Sons Inc. A	$842,000	–	15,959	–	0.34%	–
IBM	New	IBM Corporation	$784,000	–	5,099	–	0.31%	–
TXN	New	Texas Intstruments	$667,000	–	8,669	–	0.27%	–
OIH	New	VanEck Vectors Oil Services ET	$666,000	–	26,850	–	0.27%	–
FHB	New	First Hawaiian, Inc.	$652,000	–	21,280	–	0.26%	–
HRL	New	Hormel Foods Corp.	$579,000	–	16,984	–	0.23%	–
MCK	New	McKesson Corp	$554,000	–	3,370	–	0.22%	–
TRV	New	Travelers Comapnies	$521,000	–	4,115	–	0.21%	–
DFT	New	DuPont Fabros Technology	$511,000	–	8,350	–	0.20%	–
PFE	New	Pfizer Inc	$506,000	–	15,060	–	0.20%	–
PH	New	Parker Hannifin Corp.	$503,000	–	3,149	–	0.20%	–
KAR	New	KAR Auction Services	$499,000	–	11,900	–	0.20%	–
CPK	New	Chesapeake Utilities Corp.	$417,000	–	5,560	–	0.17%	–
MNR	New	Monmouth Real Estate Investmen	$414,000	–	27,530	–	0.17%	–
HELE	New	Helen of Troy	$337,000	–	3,580	–	0.14%	–
TCF	New	TCF Financial Corp.	$336,000	–	21,050	–	0.13%	–
MRO	New	Marathon Oil Corp.	$315,000	–	26,595	–	0.13%	–
SNN	New	Smith & Nephew PLC	$296,000	–	8,501	–	0.12%	–
SRE	New	Sempra Energy	$230,000	–	2,036	–	0.09%	–
	New	Precinct Properties New Zealan	$9,000	–	10,401	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
MTD	Exit	Mettler-Toledo International,	$0	–	-600	–	-0.11%	–
SRE	Exit	Sempra Energy	$0	–	-2,546	–	-0.12%	–
TWTR	Exit	Twitter, Inc.	$0	–	-11,820	–	-0.12%	–
KO	Exit	The Coca-Cola Co.	$0	–	-6,630	–	-0.12%	–
GSK	Exit	GlaxoSmithKline PLC ADRadr	$0	–	-6,817	–	-0.13%	–
VRX	Exit	Valeant Pharmaceuticals	$0	–	-12,517	–	-0.13%	–
SNN	Exit	Smith & Nephew PLC	$0	–	-10,671	–	-0.15%	–
LKQ	Exit	LKQ Corp.	$0	–	-10,161	–	-0.16%	–
ATR	Exit	Aptargroup, Inc.	$0	–	-4,898	–	-0.17%	–
JPM	Exit	JPMorgan Chase & Co.	$0	–	-6,000	–	-0.18%	–
MNR	Exit	Monmouth Real Estate Investmen	$0	–	-28,030	–	-0.18%	–
MYGN	Exit	Myriad Genetics Inc.	$0	–	-19,477	–	-0.18%	–
EXPE	Exit	Expedia, Inc.	$0	–	-3,840	–	-0.20%	–
CPK	Exit	Chesapeake Utilities Corp.	$0	–	-7,549	–	-0.20%	–
IBM	Exit	IBM Corporation	$0	–	-3,000	–	-0.21%	–
MCK	Exit	McKesson Corp	$0	–	-4,060	–	-0.30%	–
LECO	Exit	Lincoln Electric Holdings Inc.	$0	–	-11,672	–	-0.32%	–
AXP	Exit	American Express	$0	–	-12,060	–	-0.34%	–
OGS	Exit	ONE Gas, Inc.	$0	–	-13,556	–	-0.37%	–
GE	Exit	General Electric Co.	$0	–	-30,000	–	-0.39%	–
SJI	Exit	South Jersey Industries, Inc.	$0	–	-31,338	–	-0.40%	–
LEG	Exit	Leggett & Platt Inc.	$0	–	-20,986	–	-0.42%	–
MKC	Exit	McCormick & Co. Inc.	$0	–	-13,197	–	-0.58%	–
RHT	Exit	Red Hat, Inc.	$0	–	-17,325	–	-0.61%	–
HRL	Exit	Hormel Foods Corp.	$0	–	-38,395	–	-0.64%	–
HEINY	Exit	Heineken NV ADRadr	$0	–	-43,074	–	-0.82%	–
ADP	Exit	Automatic Data Processing Inc.	$0	–	-23,190	–	-0.89%	–
BPL	Exit	Buckeye Partners LPunit ltd partnr	$0	–	-29,685	–	-0.93%	–
UBA	Exit	Urstadt Biddle Properties A	$0	–	-105,532	–	-1.02%	–
MO	Exit	Altria Group, Inc.	$0	–	-38,159	–	-1.05%	–
NXPI	Exit	NXP Semiconductors NVadr	$0	–	-24,342	–	-1.08%	–
PBH	Exit	Prestige Brands Holdings	$0	–	-54,798	–	-1.16%	–
SXL	Exit	Sunoco Logistic Partners LPunit ltd partnr	$0	–	-97,540	–	-1.21%	–
SON	Exit	Sonoco Products Co.	$0	–	-52,777	–	-1.22%	–
SHW	Exit	Sherwin-Williams Co.	$0	–	-10,122	–	-1.22%	–
NGG	Exit	National Grid PLC ADSadr	$0	–	-40,816	–	-1.27%	–
OTEX	Exit	OpenText Corp.	$0	–	-45,868	–	-1.30%	–
USPH	Exit	US Physical Therapy Inc.	$0	–	-47,749	–	-1.31%	–
GGG	Exit	Graco, Inc.	$0	–	-41,040	–	-1.33%	–
CL	Exit	Colgate-Palmolive Co.	$0	–	-41,924	–	-1.36%	–
RHHBY	Exit	Roche Holdings Ltd agadr	$0	–	-101,328	–	-1.37%	–
AVY	Exit	Avery Dennison Corp.	$0	–	-41,094	–	-1.40%	–
NVS	Exit	Novartis AG ADRadr	$0	–	-41,150	–	-1.42%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-25,924	–	-1.43%	–
NTAP	Exit	NetApp, Inc.	$0	–	-91,540	–	-1.43%	–
HELE	Exit	Helen of Troy	$0	–	-38,798	–	-1.46%	–
SNI	Exit	Scripps Networks Interactive,	$0	–	-54,573	–	-1.51%	–
CHKP	Exit	Check Point Software Technolog	$0	–	-45,137	–	-1.53%	–
NDSN	Exit	Nordson Corp.	$0	–	-35,767	–	-1.56%	–
CMCSA	Exit	Comcast Corp.	$0	–	-55,393	–	-1.61%	–
PH	Exit	Parker Hannifin Corp.	$0	–	-30,491	–	-1.67%	–
LLL	Exit	L-3 Communications Holdings In	$0	–	-25,547	–	-1.68%	–
PAYX	Exit	Paychex, Inc.	$0	–	-71,206	–	-1.80%	–
XOM	Exit	Exxon Mobil Corp.	$0	–	-48,616	–	-1.85%	–
JNJ	Exit	Johnson & Johnson	$0	–	-36,152	–	-1.87%	–
O	Exit	Realty Income Corp.	$0	–	-66,095	–	-1.93%	–
GIS	Exit	General Mills Inc.	$0	–	-69,713	–	-1.95%	–
MOH	Exit	Molina Healthcare Inc.	$0	–	-76,702	–	-1.96%	–
CHD	Exit	Church & Dwight Co., Inc.	$0	–	-96,198	–	-2.01%	–
VLKAY	Exit	Volkswagen AGadr	$0	–	-159,740	–	-2.02%	–
VZ	Exit	Verizon Communications Inc.	$0	–	-90,118	–	-2.05%	–
MCHP	Exit	Microchip Technology Inc.	$0	–	-75,531	–	-2.05%	–
MDT	Exit	Medtronic PLCadr	$0	–	-56,637	–	-2.14%	–
DFT	Exit	DuPont Fabros Technology	$0	–	-119,186	–	-2.15%	–
BCR	Exit	C.R. Bard Inc.	$0	–	-23,135	–	-2.27%	–
FISV	Exit	Fiserv Inc.	$0	–	-52,386	–	-2.28%	–
T	Exit	AT&T Inc.	$0	–	-132,696	–	-2.36%	–
OMC	Exit	Omnicom Group	$0	–	-66,278	–	-2.46%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-178,745	–	-2.48%	–
AAPL	Exit	Apple Inc.	$0	–	-52,146	–	-2.58%	–
SPH	Exit	Suburban Propane Partners LPunit ltd partnr	$0	–	-185,971	–	-2.71%	–
APU	Exit	Amerigas Partners LPunit ltd partnr	$0	–	-138,715	–	-2.77%	–
TCP	Exit	TC Pipelines LPunit ltd partnr	$0	–	-111,763	–	-2.78%	–
HP	Exit	Helmerich and Payne, Inc	$0	–	-95,701	–	-2.82%	–
MSFT	Exit	Microsoft	$0	–	-113,100	–	-2.85%	–
BGS	Exit	B&G Foods Inc.	$0	–	-133,374	–	-2.87%	–
EPD	Exit	Enterprise Products Partners Lunit ltd partnr	$0	–	-254,708	–	-3.08%	–

Q3 2016

			Value		Shares		↓ Weighting
EPD	Buy	Enterprise Products Partners Lunit ltd partnr	$7,038,000	-4.2%	254,708	+1.5%	3.08%	-0.2%
BGS	Buy	B&G Foods Inc.	$6,559,000	+4.6%	133,374	+2.5%	2.87%	+8.9%
MSFT	Buy	Microsoft	$6,515,000	+48.2%	113,100	+31.6%	2.85%	+54.3%
HP	Buy	Helmerich and Payne, Inc	$6,441,000	+1.1%	95,701	+0.9%	2.82%	+5.4%
TCP	Buy	TC Pipelines LPunit ltd partnr	$6,374,000	+3.9%	111,763	+4.3%	2.78%	+8.2%
APU	Buy	Amerigas Partners LPunit ltd partnr	$6,334,000	-1.6%	138,715	+0.6%	2.77%	+2.5%
SPH	Sell	Suburban Propane Partners LPunit ltd partnr	$6,193,000	-4.5%	185,971	-4.2%	2.71%	-0.6%
AAPL	Buy	Apple Inc.	$5,895,000	+31.0%	52,146	+10.7%	2.58%	+36.4%
CSCO	Buy	Cisco Systems Inc.	$5,670,000	+17.0%	178,745	+5.8%	2.48%	+21.8%
OMC	Sell	Omnicom Group	$5,634,000	+3.2%	66,278	-1.1%	2.46%	+7.5%
T	Buy	AT&T Inc.	$5,389,000	-3.6%	132,696	+2.6%	2.36%	+0.4%
FISV	Buy	Fiserv Inc.	$5,211,000	-7.3%	52,386	+1.3%	2.28%	-3.5%
BCR	Buy	C.R. Bard Inc.	$5,189,000	+0.1%	23,135	+4.9%	2.27%	+4.3%
DFT	Buy	DuPont Fabros Technology	$4,916,000	-12.7%	119,186	+0.7%	2.15%	-9.0%
MDT	Buy	Medtronic PLCadr	$4,893,000	+9.1%	56,637	+9.6%	2.14%	+13.7%
MCHP	Sell	Microchip Technology Inc.	$4,693,000	-7.1%	75,531	-24.1%	2.05%	-3.3%
VZ	Buy	Verizon Communications Inc.	$4,684,000	+1.6%	90,118	+9.2%	2.05%	+5.8%
VLKAY	New	Volkswagen AGadr	$4,618,000	–	159,740	–	2.02%	–
CHD	Buy	Church & Dwight Co., Inc.	$4,610,000	-3.4%	96,198	+107.4%	2.01%	+0.5%
MOH	Buy	Molina Healthcare Inc.	$4,473,000	+31.9%	76,702	+12.9%	1.96%	+37.4%
GIS	Buy	General Mills Inc.	$4,453,000	-10.1%	69,713	+0.4%	1.95%	-6.4%
O	Sell	Realty Income Corp.	$4,424,000	-6.2%	66,095	-2.8%	1.93%	-2.3%
JNJ	Buy	Johnson & Johnson	$4,271,000	-1.3%	36,152	+1.3%	1.87%	+2.8%
XOM	Buy	Exxon Mobil Corp.	$4,243,000	-2.3%	48,616	+4.9%	1.85%	+1.7%
PAYX	Buy	Paychex, Inc.	$4,121,000	+2.4%	71,206	+5.3%	1.80%	+6.7%
LLL	Buy	L-3 Communications Holdings In	$3,851,000	+84.1%	25,547	+79.2%	1.68%	+91.7%
PH	Buy	Parker Hannifin Corp.	$3,828,000	+19.4%	30,491	+2.7%	1.67%	+24.3%
CMCSA	Sell	Comcast Corp.	$3,675,000	-1.5%	55,393	-3.2%	1.61%	+2.6%
NDSN	Buy	Nordson Corp.	$3,563,000	+54.1%	35,767	+29.3%	1.56%	+60.5%
CHKP	Buy	Check Point Software Technolog	$3,503,000	+27.2%	45,137	+30.6%	1.53%	+32.6%
SNI	Buy	Scripps Networks Interactive,	$3,465,000	+14.7%	54,573	+12.5%	1.51%	+19.5%
HELE	Buy	Helen of Troy	$3,343,000	-1.1%	38,798	+18.1%	1.46%	+3.0%
NTAP	New	NetApp, Inc.	$3,279,000	–	91,540	–	1.43%	–
KMB	Sell	Kimberly-Clark Corp.	$3,270,000	-20.0%	25,924	-12.8%	1.43%	-16.7%
NVS	Sell	Novartis AG ADRadr	$3,249,000	-6.2%	41,150	-2.0%	1.42%	-2.3%
AVY	Sell	Avery Dennison Corp.	$3,197,000	-14.9%	41,094	-18.2%	1.40%	-11.4%
RHHBY	Buy	Roche Holdings Ltd agadr	$3,138,000	-2.4%	101,328	+3.9%	1.37%	+1.7%
CL	Buy	Colgate-Palmolive Co.	$3,108,000	+21.5%	41,924	+20.0%	1.36%	+26.6%
GGG	Buy	Graco, Inc.	$3,037,000	-2.3%	41,040	+4.3%	1.33%	+1.8%
USPH	Buy	US Physical Therapy Inc.	$2,994,000	+5.3%	47,749	+1.1%	1.31%	+9.6%
OTEX	Sell	OpenText Corp.	$2,975,000	-26.6%	45,868	-33.1%	1.30%	-23.6%
NGG	Sell	National Grid PLC ADSadr	$2,902,000	-13.1%	40,816	-9.1%	1.27%	-9.5%
SHW	Sell	Sherwin-Williams Co.	$2,800,000	-11.7%	10,122	-6.3%	1.22%	-8.0%
SON	Buy	Sonoco Products Co.	$2,788,000	+129.5%	52,777	+115.6%	1.22%	+138.8%
SXL	Buy	Sunoco Logistic Partners LPunit ltd partnr	$2,771,000	+28.1%	97,540	+29.7%	1.21%	+33.4%
PBH	Buy	Prestige Brands Holdings	$2,645,000	-7.5%	54,798	+6.2%	1.16%	-3.7%
NXPI	Buy	NXP Semiconductors NVadr	$2,483,000	+170.8%	24,342	+108.0%	1.08%	+181.8%
MO	Sell	Altria Group, Inc.	$2,413,000	-48.6%	38,159	-44.0%	1.05%	-46.5%
UBA	Sell	Urstadt Biddle Properties A	$2,345,000	-16.8%	105,532	-7.2%	1.02%	-13.3%
BPL	Buy	Buckeye Partners LPunit ltd partnr	$2,125,000	+4.2%	29,685	+2.3%	0.93%	+8.5%
ADP	Sell	Automatic Data Processing Inc.	$2,045,000	-52.3%	23,190	-50.3%	0.89%	-50.3%
HEINY	Sell	Heineken NV ADRadr	$1,889,000	-12.3%	43,074	-7.3%	0.82%	-8.6%
HRL	Sell	Hormel Foods Corp.	$1,456,000	-35.8%	38,395	-38.1%	0.64%	-33.2%
RHT	New	Red Hat, Inc.	$1,400,000	–	17,325	–	0.61%	–
MKC	Sell	McCormick & Co. Inc.	$1,319,000	-43.4%	13,197	-39.6%	0.58%	-41.0%
LEG	Sell	Leggett & Platt Inc.	$957,000	-62.5%	20,986	-58.0%	0.42%	-61.0%
SJI	Sell	South Jersey Industries, Inc.	$926,000	-30.5%	31,338	-25.7%	0.40%	-27.5%
GE	New	General Electric Co.	$889,000	–	30,000	–	0.39%	–
OGS	Buy	ONE Gas, Inc.	$838,000	+277.5%	13,556	+306.4%	0.37%	+293.5%
AXP	Sell	American Express	$772,000	-62.4%	12,060	-64.3%	0.34%	-60.9%
LECO	Sell	Lincoln Electric Holdings Inc.	$731,000	-50.1%	11,672	-52.9%	0.32%	-48.1%
MCK	Sell	McKesson Corp	$677,000	-20.6%	4,060	-11.2%	0.30%	-17.3%
IBM	New	IBM Corporation	$477,000	–	3,000	–	0.21%	–
CPK	Sell	Chesapeake Utilities Corp.	$461,000	-50.9%	7,549	-46.7%	0.20%	-49.0%
EXPE	Sell	Expedia, Inc.	$448,000	-83.5%	3,840	-84.9%	0.20%	-82.8%
MNR	Sell	Monmouth Real Estate Investmen	$400,000	+6.1%	28,030	-1.5%	0.18%	+10.8%
MYGN	Sell	Myriad Genetics Inc.	$401,000	-73.1%	19,477	-60.0%	0.18%	-72.0%
JPM	New	JPMorgan Chase & Co.	$400,000	–	6,000	–	0.18%	–
ATR	Sell	Aptargroup, Inc.	$379,000	-13.3%	4,898	-11.2%	0.17%	-9.3%
LKQ	Sell	LKQ Corp.	$360,000	-70.9%	10,161	-74.0%	0.16%	-69.8%
SNN	Sell	Smith & Nephew PLC	$350,000	-73.3%	10,671	-72.0%	0.15%	-72.1%
GSK	Sell	GlaxoSmithKline PLC ADRadr	$294,000	-13.3%	6,817	-12.8%	0.13%	-9.9%
KO	Sell	The Coca-Cola Co.	$281,000	-18.8%	6,630	-13.2%	0.12%	-15.2%
TWTR	New	Twitter, Inc.	$272,000	–	11,820	–	0.12%	–
SRE	Sell	Sempra Energy	$273,000	-22.4%	2,546	-17.6%	0.12%	-19.6%
MTD	Sell	Mettler-Toledo International,	$252,000	-26.3%	600	-36.0%	0.11%	-23.1%
SHPG	Exit	Shire PLC	$0	–	-1,109	–	-0.09%	–
SYF	Exit	Synchrony Financial	$0	–	-17,587	–	-0.19%	–
MCD	Exit	McDonald's Corp.	$0	–	-4,214	–	-0.21%	–
CXW	Exit	Corrections Corporation of Ame	$0	–	-160,985	–	-2.37%	–
PAA	Exit	Plains All American Pipeline Lunit ltd partnr	$0	–	-223,848	–	-2.58%	–

Q2 2016

			Value		Shares		↓ Weighting
EPD	New	Enterprise Products Partners Lunit ltd partnr	$7,345,000	–	251,018	–	3.08%	–
SPH	New	Suburban Propane Partners LPunit ltd partnr	$6,487,000	–	194,211	–	2.72%	–
APU	New	Amerigas Partners LPunit ltd partnr	$6,437,000	–	137,835	–	2.70%	–
HP	New	Helmerich and Payne, Inc	$6,369,000	–	94,876	–	2.67%	–
BGS	New	B&G Foods Inc.	$6,270,000	–	130,075	–	2.63%	–
PAA	New	Plains All American Pipeline Lunit ltd partnr	$6,154,000	–	223,848	–	2.58%	–
TCP	New	TC Pipelines LPunit ltd partnr	$6,134,000	–	107,122	–	2.57%	–
CXW	New	Corrections Corporation of Ame	$5,638,000	–	160,985	–	2.37%	–
DFT	New	DuPont Fabros Technology	$5,628,000	–	118,386	–	2.36%	–
FISV	New	Fiserv Inc.	$5,624,000	–	51,726	–	2.36%	–
T	New	AT&T Inc.	$5,588,000	–	129,316	–	2.34%	–
OMC	New	Omnicom Group	$5,459,000	–	66,988	–	2.29%	–
BCR	New	C.R. Bard Inc.	$5,185,000	–	22,049	–	2.18%	–
MCHP	New	Microchip Technology Inc.	$5,054,000	–	99,561	–	2.12%	–
GIS	New	General Mills Inc.	$4,953,000	–	69,443	–	2.08%	–
CSCO	New	Cisco Systems Inc.	$4,848,000	–	168,975	–	2.03%	–
CHD	New	Church & Dwight Co., Inc.	$4,773,000	–	46,394	–	2.00%	–
O	New	Realty Income Corp.	$4,716,000	–	67,995	–	1.98%	–
MO	New	Altria Group, Inc.	$4,696,000	–	68,103	–	1.97%	–
VZ	New	Verizon Communications Inc.	$4,609,000	–	82,544	–	1.93%	–
AAPL	New	Apple Inc.	$4,501,000	–	47,086	–	1.89%	–
MDT	New	Medtronic PLC	$4,483,000	–	51,667	–	1.88%	–
MSFT	New	Microsoft	$4,397,000	–	85,930	–	1.84%	–
XOM	New	Exxon Mobil Corp.	$4,345,000	–	46,356	–	1.82%	–
JNJ	New	Johnson & Johnson	$4,327,000	–	35,672	–	1.82%	–
ADP	New	Automatic Data Processing Inc.	$4,286,000	–	46,652	–	1.80%	–
KMB	New	Kimberly-Clark Corp.	$4,089,000	–	29,744	–	1.72%	–
OTEX	New	OpenText Corp.	$4,053,000	–	68,512	–	1.70%	–
PAYX	New	Paychex, Inc.	$4,023,000	–	67,616	–	1.69%	–
AVY	New	Avery Dennison Corp.	$3,756,000	–	50,244	–	1.58%	–
CMCSA	New	Comcast Corp.	$3,731,000	–	57,233	–	1.56%	–
NVS	New	Novartis AG ADRadr	$3,465,000	–	41,990	–	1.45%	–
MOH	New	Molina Healthcare Inc.	$3,391,000	–	67,952	–	1.42%	–
HELE	New	Helen of Troy	$3,379,000	–	32,858	–	1.42%	–
NGG	New	National Grid PLC ADSadr	$3,338,000	–	44,911	–	1.40%	–
RHHBY	New	Roche Holdings Ltd agadr	$3,214,000	–	97,528	–	1.35%	–
PH	New	Parker Hannifin Corp.	$3,207,000	–	29,681	–	1.35%	–
SHW	New	Sherwin-Williams Co.	$3,172,000	–	10,801	–	1.33%	–
GGG	New	Graco, Inc.	$3,107,000	–	39,340	–	1.30%	–
SNI	New	Scripps Networks Interactive,	$3,020,000	–	48,503	–	1.27%	–
PBH	New	Prestige Brands Holdings	$2,859,000	–	51,608	–	1.20%	–
USPH	New	US Physical Therapy Inc.	$2,844,000	–	47,239	–	1.19%	–
UBA	New	Urstadt Biddle Properties A	$2,817,000	–	113,691	–	1.18%	–
CHKP	New	Check Point Software Technolog	$2,754,000	–	34,557	–	1.16%	–
EXPE	New	Expedia, Inc.	$2,710,000	–	25,493	–	1.14%	–
CL	New	Colgate-Palmolive Co.	$2,558,000	–	34,944	–	1.07%	–
LEG	New	Leggett & Platt Inc.	$2,554,000	–	49,977	–	1.07%	–
MKC	New	McCormick & Co. Inc.	$2,329,000	–	21,833	–	0.98%	–
NDSN	New	Nordson Corp.	$2,312,000	–	27,657	–	0.97%	–
HRL	New	Hormel Foods Corp.	$2,269,000	–	62,008	–	0.95%	–
SXL	New	Sunoco Logistic Partners LPunit ltd partnr	$2,163,000	–	75,230	–	0.91%	–
HEINY	New	Heineken NV ADRadr	$2,153,000	–	46,484	–	0.90%	–
LLL	New	L-3 Communications Holdings In	$2,092,000	–	14,260	–	0.88%	–
AXP	New	American Express	$2,051,000	–	33,755	–	0.86%	–
BPL	New	Buckeye Partners LPunit ltd partnr	$2,040,000	–	29,010	–	0.86%	–
MYGN	New	Myriad Genetics Inc.	$1,491,000	–	48,718	–	0.63%	–
LECO	New	Lincoln Electric Holdings Inc.	$1,465,000	–	24,804	–	0.62%	–
SJI	New	South Jersey Industries, Inc.	$1,333,000	–	42,152	–	0.56%	–
SNN	New	Smith & Nephew PLC	$1,309,000	–	38,135	–	0.55%	–
LKQ	New	LKQ Corp.	$1,239,000	–	39,091	–	0.52%	–
SON	New	Sonoco Products Co.	$1,215,000	–	24,476	–	0.51%	–
CPK	New	Chesapeake Utilities Corp.	$938,000	–	14,167	–	0.39%	–
NXPI	New	NXP Semiconductors NV	$917,000	–	11,703	–	0.38%	–
MCK	New	McKesson Corp	$853,000	–	4,570	–	0.36%	–
MCD	New	McDonald's Corp.	$507,000	–	4,214	–	0.21%	–
SYF	New	Synchrony Financial	$445,000	–	17,587	–	0.19%	–
ATR	New	Aptargroup, Inc.	$437,000	–	5,518	–	0.18%	–
MNR	New	Monmouth Real Estate Investmen	$377,000	–	28,446	–	0.16%	–
SRE	New	Sempra Energy	$352,000	–	3,088	–	0.15%	–
KO	New	The Coca-Cola Co.	$346,000	–	7,640	–	0.14%	–
MTD	New	Mettler-Toledo International,	$342,000	–	937	–	0.14%	–
GSK	New	GlaxoSmithKline PLC ADRadr	$339,000	–	7,819	–	0.14%	–
VRX	New	Valeant Pharmaceuticals	$252,000	–	12,517	–	0.11%	–
OGS	New	ONE Gas, Inc.	$222,000	–	3,336	–	0.09%	–
SHPG	New	Shire PLC	$204,000	–	1,109	–	0.09%	–

Q4 2015

			Value		Shares		↓ Weighting
PGHEF	Exit	Pengrowth Energy Trust	$0	–	-25,703	–	-0.02%	–
	Exit	Partners REIT	$0	–	-16,337	–	-0.02%	–
ERF	Exit	Enerplus Resources Fund Trust	$0	–	-10,221	–	-0.03%	–
FNHM	Exit	FNBH Bancorp Inc.	$0	–	-79,791	–	-0.04%	–
	Exit	Bank of Ireland	$0	–	-290,044	–	-0.05%	–
	Exit	Precinct Properties New Zealan	$0	–	-226,433	–	-0.07%	–
	Exit	H&R REIT	$0	–	-10,472	–	-0.07%	–
JCI	Exit	Johnson Controls Inc.	$0	–	-4,483	–	-0.08%	–
SSL	Exit	Sasol Ltd. ADR	$0	–	-6,149	–	-0.09%	–
XYL	Exit	Xylem, Inc.	$0	–	-6,022	–	-0.09%	–
HAS	Exit	Hasbro Inc.	$0	–	-2,739	–	-0.09%	–
	Exit	St. Gobain SA	$0	–	-5,210	–	-0.10%	–
GOOD	Exit	Gladstone Commerical Corp.	$0	–	-17,038	–	-0.11%	–
BMS	Exit	Bemis Co. Inc.	$0	–	-6,500	–	-0.12%	–
PX	Exit	Praxair, Inc.	$0	–	-2,616	–	-0.12%	–
TGP	Exit	Teekay LNG Partners LPunit ltd partn	$0	–	-10,534	–	-0.12%	–
	Exit	Vermilion Energy Trust	$0	–	-9,426	–	-0.13%	–
TTE	Exit	Total SA ADRadr	$0	–	-6,664	–	-0.14%	–
MNR	Exit	Monmouth Real Estate Investmen	$0	–	-33,963	–	-0.14%	–
SIRO	Exit	Sirona Dental Systems Inc.	$0	–	-3,382	–	-0.14%	–
SPH	Exit	Suburban Propane Partners LPunit ltd partn	$0	–	-8,865	–	-0.14%	–
MMLP	Exit	Martin Midstream Partners LPunit ltd partn	$0	–	-11,661	–	-0.15%	–
KO	Exit	The Coca-Cola Co.	$0	–	-9,670	–	-0.16%	–
CLX	Exit	The Clorox Co.	$0	–	-3,848	–	-0.18%	–
PAC	Exit	Grupo Aeroportuario Del Pacifi	$0	–	-5,836	–	-0.19%	–
SHPG	Exit	Shire PLC	$0	–	-2,193	–	-0.24%	–
BABA	Exit	Alibaba Group Holding LTD	$0	–	-8,425	–	-0.28%	–
CMS	Exit	CMS Energy Corp.	$0	–	-21,470	–	-0.30%	–
ECL	Exit	Ecolab, Inc.	$0	–	-7,082	–	-0.34%	–
GNRC	Exit	Generac Holdings Inc.	$0	–	-23,351	–	-0.34%	–
OKS	Exit	Oneok Partners LPunit ltd partn	$0	–	-27,313	–	-0.37%	–
SRE	Exit	Sempra Energy	$0	–	-9,015	–	-0.37%	–
ATR	Exit	Aptargroup, Inc.	$0	–	-14,201	–	-0.40%	–
LKQ	Exit	LKQ Corp.	$0	–	-32,610	–	-0.42%	–
NSC	Exit	Norfolk & Southern Corp.	$0	–	-11,934	–	-0.42%	–
MTD	Exit	Mettler-Toledo International,	$0	–	-3,792	–	-0.53%	–
DCP	Exit	DCP Midstream Partners LPunit ltd partn	$0	–	-43,385	–	-0.55%	–
LEG	Exit	Leggett & Platt Inc.	$0	–	-27,553	–	-0.57%	–
CPK	Exit	Chesapeake Utilities Corp.	$0	–	-28,252	–	-0.60%	–
JWA	Exit	John Wiley & Sons Inc. A	$0	–	-27,384	–	-0.60%	–
HEINY	Exit	Heineken NV ADRadr	$0	–	-37,441	–	-0.60%	–
LECO	Exit	Lincoln Electric Holdings Inc.	$0	–	-27,195	–	-0.68%	–
MRO	Exit	Marathon Oil Corp.	$0	–	-77,067	–	-0.69%	–
SBH	Exit	Sally Beauty Holdings Inc.	$0	–	-59,600	–	-0.73%	–
	Exit	Gaztransport et Technigaz SAS	$0	–	-29,575	–	-0.74%	–
OKE	Exit	Oneok Inc.	$0	–	-49,698	–	-0.78%	–
PBH	Exit	Prestige Brands Holdings	$0	–	-40,369	–	-0.79%	–
SJI	Exit	South Jersey Industries, Inc.	$0	–	-79,984	–	-0.79%	–
	Exit	Schneider Electric SA	$0	–	-29,807	–	-0.84%	–
NGG	Exit	National Grid PLC ADSadr	$0	–	-30,920	–	-0.84%	–
MYGN	Exit	Myriad Genetics Inc.	$0	–	-61,334	–	-0.85%	–
SXL	Exit	Sunoco Logistic Partners LPunit ltd partn	$0	–	-55,779	–	-0.85%	–
TCP	Exit	TC Pipelines LPunit ltd partn	$0	–	-37,651	–	-0.88%	–
OGS	Exit	ONE Gas, Inc.	$0	–	-49,671	–	-0.90%	–
PAA	Exit	Plains All American Pipeline Lunit ltd partn	$0	–	-53,328	–	-0.92%	–
APC	Exit	Anadarko Petroleum Corp.	$0	–	-29,301	–	-0.92%	–
BPL	Exit	Buckeye Partners LPunit ltd partn	$0	–	-30,630	–	-0.95%	–
LLL	Exit	L-3 Communications Holdings In	$0	–	-20,139	–	-0.95%	–
MKC	Exit	McCormick & Co. Inc.	$0	–	-30,599	–	-1.03%	–
CL	Exit	Colgate-Palmolive Co.	$0	–	-37,485	–	-1.05%	–
UBA	Exit	Urstadt Biddle Properties A	$0	–	-135,381	–	-1.06%	–
DTE	Exit	DTE Energy Co.	$0	–	-34,475	–	-1.13%	–
MCD	Exit	McDonald's Corp.	$0	–	-27,840	–	-1.14%	–
M	Exit	Macy's, Inc.	$0	–	-39,975	–	-1.14%	–
GWW	Exit	Grainger, WW Inc.	$0	–	-12,644	–	-1.17%	–
KMI	Exit	Kinder Morgan, Inc.	$0	–	-81,277	–	-1.17%	–
EPD	Exit	Enterprise Products Partners Lunit ltd partn	$0	–	-100,960	–	-1.20%	–
XOM	Exit	Exxon Mobil Corp.	$0	–	-35,232	–	-1.20%	–
HRL	Exit	Hormel Foods Corp.	$0	–	-50,096	–	-1.22%	–
	Exit	Commonwealth Bank of Australia	$0	–	-46,978	–	-1.23%	–
SON	Exit	Sonoco Products Co.	$0	–	-73,145	–	-1.24%	–
GGG	Exit	Graco, Inc.	$0	–	-43,102	–	-1.27%	–
MO	Exit	Altria Group, Inc.	$0	–	-57,474	–	-1.28%	–
MSFT	Exit	Microsoft	$0	–	-67,776	–	-1.31%	–
OTEX	Exit	OpenText Corp.	$0	–	-70,241	–	-1.32%	–
JNJ	Exit	Johnson & Johnson	$0	–	-32,225	–	-1.32%	–
AXP	Exit	American Express	$0	–	-42,840	–	-1.34%	–
NXPI	Exit	NXP Semiconductors NV	$0	–	-33,705	–	-1.36%	–
O	Exit	Realty Income Corp.	$0	–	-71,038	–	-1.39%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-29,957	–	-1.41%	–
USPH	Exit	US Physical Therapy Inc.	$0	–	-66,802	–	-1.44%	–
CHD	Exit	Church & Dwight Co., Inc.	$0	–	-40,868	–	-1.46%	–
NYCB	Exit	New York Community Bancorp	$0	–	-195,295	–	-1.53%	–
SHW	Exit	Sherwin-Williams Co.	$0	–	-13,543	–	-1.55%	–
ADS	Exit	Alliance Data Systems Corporat	$0	–	-13,829	–	-1.55%	–
VZ	Exit	Verizon Communications Inc.	$0	–	-80,939	–	-1.56%	–
APU	Exit	Amerigas Partners LPunit ltd partn	$0	–	-86,767	–	-1.64%	–
NDSN	Exit	Nordson Corp.	$0	–	-53,632	–	-1.64%	–
PAYX	Exit	Paychex, Inc.	$0	–	-87,363	–	-1.66%	–
T	Exit	AT&T Inc.	$0	–	-117,014	–	-1.68%	–
VRX	Exit	Valeant Pharmaceuticalsadr	$0	–	-16,050	–	-1.68%	–
GIS	Exit	General Mills Inc.	$0	–	-75,276	–	-1.81%	–
SYF	Exit	Synchrony Financial	$0	–	-127,732	–	-1.82%	–
NVS	Exit	Novartis AG ADRadr	$0	–	-42,955	–	-1.83%	–
MCHP	Exit	Microchip Technology Inc.	$0	–	-103,677	–	-1.83%	–
PH	Exit	Parker Hannifin Corp.	$0	–	-41,352	–	-1.92%	–
PB	Exit	Prosperity Bancshares Inc.	$0	–	-85,038	–	-1.92%	–
BCR	Exit	C.R. Bard Inc.	$0	–	-24,466	–	-1.95%	–
TD	Exit	Toronto Dominion Bank	$0	–	-116,907	–	-1.95%	–
ADP	Exit	Automatic Data Processing Inc.	$0	–	-59,045	–	-1.95%	–
CMCSA	Exit	Comcast Corp.	$0	–	-77,830	–	-2.00%	–
FISV	Exit	Fiserv Inc.	$0	–	-55,492	–	-2.00%	–
MOH	Exit	Molina Healthcare Inc.	$0	–	-73,380	–	-2.06%	–
AVY	Exit	Avery Dennison Corp.	$0	–	-84,892	–	-2.15%	–
AAPL	Exit	Apple Inc.	$0	–	-44,284	–	-2.23%	–
GSK	Exit	GlaxoSmithKline PLC ADRadr	$0	–	-125,689	–	-2.26%	–
OMC	Exit	Omnicom Group	$0	–	-77,394	–	-2.32%	–

Q2 2015

			Value		Shares		↓ Weighting
OMC	New	Omnicom Group	$5,640,000	–	77,394	–	2.32%	–
GSK	New	GlaxoSmithKline PLC ADRadr	$5,479,000	–	125,689	–	2.26%	–
AAPL	New	Apple Inc.	$5,419,000	–	44,284	–	2.23%	–
AVY	New	Avery Dennison Corp.	$5,229,000	–	84,892	–	2.15%	–
MOH	New	Molina Healthcare Inc.	$4,990,000	–	73,380	–	2.06%	–
FISV	New	Fiserv Inc.	$4,860,000	–	55,492	–	2.00%	–
CMCSA	New	Comcast Corp.	$4,853,000	–	77,830	–	2.00%	–
ADP	New	Automatic Data Processing Inc.	$4,731,000	–	59,045	–	1.95%	–
TD	New	Toronto Dominion Bank	$4,729,000	–	116,907	–	1.95%	–
BCR	New	C.R. Bard Inc.	$4,724,000	–	24,466	–	1.95%	–
PB	New	Prosperity Bancshares Inc.	$4,660,000	–	85,038	–	1.92%	–
PH	New	Parker Hannifin Corp.	$4,655,000	–	41,352	–	1.92%	–
MCHP	New	Microchip Technology Inc.	$4,449,000	–	103,677	–	1.83%	–
NVS	New	Novartis AG ADRadr	$4,432,000	–	42,955	–	1.83%	–
SYF	New	Synchrony Financial	$4,420,000	–	127,732	–	1.82%	–
GIS	New	General Mills Inc.	$4,386,000	–	75,276	–	1.81%	–
VRX	New	Valeant Pharmaceuticalsadr	$4,081,000	–	16,050	–	1.68%	–
T	New	AT&T Inc.	$4,072,000	–	117,014	–	1.68%	–
PAYX	New	Paychex, Inc.	$4,039,000	–	87,363	–	1.66%	–
NDSN	New	Nordson Corp.	$3,994,000	–	53,632	–	1.64%	–
APU	New	Amerigas Partners LPunit ltd partn	$3,969,000	–	86,767	–	1.64%	–
VZ	New	Verizon Communications Inc.	$3,777,000	–	80,939	–	1.56%	–
ADS	New	Alliance Data Systems Corporat	$3,769,000	–	13,829	–	1.55%	–
SHW	New	Sherwin-Williams Co.	$3,764,000	–	13,543	–	1.55%	–
NYCB	New	New York Community Bancorp	$3,707,000	–	195,295	–	1.53%	–
CHD	New	Church & Dwight Co., Inc.	$3,547,000	–	40,868	–	1.46%	–
USPH	New	US Physical Therapy Inc.	$3,486,000	–	66,802	–	1.44%	–
KMB	New	Kimberly-Clark Corp.	$3,432,000	–	29,957	–	1.41%	–
O	New	Realty Income Corp.	$3,382,000	–	71,038	–	1.39%	–
NXPI	New	NXP Semiconductors NV	$3,299,000	–	33,705	–	1.36%	–
AXP	New	American Express	$3,261,000	–	42,840	–	1.34%	–
JNJ	New	Johnson & Johnson	$3,217,000	–	32,225	–	1.32%	–
OTEX	New	OpenText Corp.	$3,212,000	–	70,241	–	1.32%	–
MSFT	New	Microsoft	$3,177,000	–	67,776	–	1.31%	–
MO	New	Altria Group, Inc.	$3,115,000	–	57,474	–	1.28%	–
GGG	New	Graco, Inc.	$3,078,000	–	43,102	–	1.27%	–
SON	New	Sonoco Products Co.	$3,023,000	–	73,145	–	1.24%	–
	New	Commonwealth Bank of Australia	$2,976,000	–	46,978	–	1.23%	–
HRL	New	Hormel Foods Corp.	$2,973,000	–	50,096	–	1.22%	–
XOM	New	Exxon Mobil Corp.	$2,925,000	–	35,232	–	1.20%	–
EPD	New	Enterprise Products Partners Lunit ltd partn	$2,920,000	–	100,960	–	1.20%	–
KMI	New	Kinder Morgan, Inc.	$2,847,000	–	81,277	–	1.17%	–
GWW	New	Grainger, WW Inc.	$2,845,000	–	12,644	–	1.17%	–
M	New	Macy's, Inc.	$2,771,000	–	39,975	–	1.14%	–
MCD	New	McDonald's Corp.	$2,761,000	–	27,840	–	1.14%	–
DTE	New	DTE Energy Co.	$2,742,000	–	34,475	–	1.13%	–
UBA	New	Urstadt Biddle Properties A	$2,564,000	–	135,381	–	1.06%	–
CL	New	Colgate-Palmolive Co.	$2,550,000	–	37,485	–	1.05%	–
MKC	New	McCormick & Co. Inc.	$2,509,000	–	30,599	–	1.03%	–
LLL	New	L-3 Communications Holdings In	$2,311,000	–	20,139	–	0.95%	–
BPL	New	Buckeye Partners LPunit ltd partn	$2,304,000	–	30,630	–	0.95%	–
APC	New	Anadarko Petroleum Corp.	$2,245,000	–	29,301	–	0.92%	–
PAA	New	Plains All American Pipeline Lunit ltd partn	$2,230,000	–	53,328	–	0.92%	–
OGS	New	ONE Gas, Inc.	$2,194,000	–	49,671	–	0.90%	–
TCP	New	TC Pipelines LPunit ltd partn	$2,127,000	–	37,651	–	0.88%	–
SXL	New	Sunoco Logistic Partners LPunit ltd partn	$2,068,000	–	55,779	–	0.85%	–
MYGN	New	Myriad Genetics Inc.	$2,063,000	–	61,334	–	0.85%	–
NGG	New	National Grid PLC ADSadr	$2,039,000	–	30,920	–	0.84%	–
	New	Schneider Electric SA	$2,037,000	–	29,807	–	0.84%	–
SJI	New	South Jersey Industries, Inc.	$1,917,000	–	79,984	–	0.79%	–
PBH	New	Prestige Brands Holdings	$1,914,000	–	40,369	–	0.79%	–
OKE	New	Oneok Inc.	$1,884,000	–	49,698	–	0.78%	–
	New	Gaztransport et Technigaz SAS	$1,785,000	–	29,575	–	0.74%	–
SBH	New	Sally Beauty Holdings Inc.	$1,765,000	–	59,600	–	0.73%	–
MRO	New	Marathon Oil Corp.	$1,685,000	–	77,067	–	0.69%	–
LECO	New	Lincoln Electric Holdings Inc.	$1,654,000	–	27,195	–	0.68%	–
HEINY	New	Heineken NV ADRadr	$1,457,000	–	37,441	–	0.60%	–
JWA	New	John Wiley & Sons Inc. A	$1,452,000	–	27,384	–	0.60%	–
CPK	New	Chesapeake Utilities Corp.	$1,449,000	–	28,252	–	0.60%	–
LEG	New	Leggett & Platt Inc.	$1,384,000	–	27,553	–	0.57%	–
DCP	New	DCP Midstream Partners LPunit ltd partn	$1,335,000	–	43,385	–	0.55%	–
MTD	New	Mettler-Toledo International,	$1,291,000	–	3,792	–	0.53%	–
NSC	New	Norfolk & Southern Corp.	$1,024,000	–	11,934	–	0.42%	–
LKQ	New	LKQ Corp.	$1,022,000	–	32,610	–	0.42%	–
ATR	New	Aptargroup, Inc.	$959,000	–	14,201	–	0.40%	–
SRE	New	Sempra Energy	$909,000	–	9,015	–	0.37%	–
OKS	New	Oneok Partners LPunit ltd partn	$891,000	–	27,313	–	0.37%	–
GNRC	New	Generac Holdings Inc.	$827,000	–	23,351	–	0.34%	–
ECL	New	Ecolab, Inc.	$822,000	–	7,082	–	0.34%	–
CMS	New	CMS Energy Corp.	$728,000	–	21,470	–	0.30%	–
BABA	New	Alibaba Group Holding LTD	$674,000	–	8,425	–	0.28%	–
SHPG	New	Shire PLC	$576,000	–	2,193	–	0.24%	–
PAC	New	Grupo Aeroportuario Del Pacifi	$451,000	–	5,836	–	0.19%	–
CLX	New	The Clorox Co.	$431,000	–	3,848	–	0.18%	–
KO	New	The Coca-Cola Co.	$392,000	–	9,670	–	0.16%	–
MMLP	New	Martin Midstream Partners LPunit ltd partn	$364,000	–	11,661	–	0.15%	–
SPH	New	Suburban Propane Partners LPunit ltd partn	$348,000	–	8,865	–	0.14%	–
SIRO	New	Sirona Dental Systems Inc.	$348,000	–	3,382	–	0.14%	–
MNR	New	Monmouth Real Estate Investmen	$337,000	–	33,963	–	0.14%	–
TTE	New	Total SA ADRadr	$328,000	–	6,664	–	0.14%	–
	New	Vermilion Energy Trust	$326,000	–	9,426	–	0.13%	–
TGP	New	Teekay LNG Partners LPunit ltd partn	$300,000	–	10,534	–	0.12%	–
PX	New	Praxair, Inc.	$299,000	–	2,616	–	0.12%	–
BMS	New	Bemis Co. Inc.	$292,000	–	6,500	–	0.12%	–
GOOD	New	Gladstone Commerical Corp.	$270,000	–	17,038	–	0.11%	–
	New	St. Gobain SA	$243,000	–	5,210	–	0.10%	–
HAS	New	Hasbro Inc.	$219,000	–	2,739	–	0.09%	–
XYL	New	Xylem, Inc.	$212,000	–	6,022	–	0.09%	–
SSL	New	Sasol Ltd. ADR	$209,000	–	6,149	–	0.09%	–
JCI	New	Johnson Controls Inc.	$204,000	–	4,483	–	0.08%	–
	New	H&R REIT	$177,000	–	10,472	–	0.07%	–
	New	Precinct Properties New Zealan	$170,000	–	226,433	–	0.07%	–
	New	Bank of Ireland	$120,000	–	290,044	–	0.05%	–
FNHM	New	FNBH Bancorp Inc.	$91,000	–	79,791	–	0.04%	–
ERF	New	Enerplus Resources Fund Trust	$65,000	–	10,221	–	0.03%	–
	New	Partners REIT	$44,000	–	16,337	–	0.02%	–
PGHEF	New	Pengrowth Energy Trust	$42,000	–	25,703	–	0.02%	–

Q4 2014

			Value		Shares		↓ Weighting
FNHM	Exit	FNBH Bancorp Inc.	$0	–	-64,283	–	-0.02%	–
	Exit	Crombie REIT	$0	–	-10,410	–	-0.03%	–
HAS	Exit	Hasbro Inc.	$0	–	-4,790	–	-0.08%	–
BMS	Exit	Bemis Co. Inc.	$0	–	-7,000	–	-0.08%	–
	Exit	H&R REIT	$0	–	-14,883	–	-0.08%	–
VDMCY	Exit	Vodacom Group Ltd.ADRadr	$0	–	-28,480	–	-0.09%	–
TGP	Exit	Teekay LNG Partners LPunit ltd partn	$0	–	-10,915	–	-0.14%	–
CDK	Exit	CDK Global Holdings LLC	$0	–	-16,081	–	-0.14%	–
	Exit	Vermilion Energy Trust	$0	–	-8,970	–	-0.16%	–
QIWI	Exit	Qiwi PLC	$0	–	-19,240	–	-0.17%	–
IMO	Exit	Imperial Oil Ltd.	$0	–	-13,410	–	-0.18%	–
OXY	Exit	Occidental Petroleum Corp.	$0	–	-7,815	–	-0.21%	–
PX	Exit	Praxair, Inc.	$0	–	-7,040	–	-0.26%	–
BBY	Exit	Best Buy Co. Inc.	$0	–	-30,600	–	-0.29%	–
JWA	Exit	John Wiley & Sons Inc. A	$0	–	-18,640	–	-0.30%	–
MNR	Exit	Monmouth Real Estate Investmen	$0	–	-111,535	–	-0.32%	–
JNJ	Exit	Johnson & Johnson	$0	–	-11,366	–	-0.34%	–
	Exit	Gaztransport et Technigaz SAS	$0	–	-20,870	–	-0.35%	–
SBH	Exit	Sally Beauty Holdings Inc.	$0	–	-58,760	–	-0.46%	–
SNN	Exit	Smith & Nephew PLC	$0	–	-19,421	–	-0.46%	–
MCHP	Exit	Microchip Technology Inc.	$0	–	-36,500	–	-0.49%	–
SSL	Exit	Sasol Ltd. ADRadr	$0	–	-31,730	–	-0.49%	–
PSXP	Exit	Phillips 66 Partners LPunit ltd partn	$0	–	-28,200	–	-0.54%	–
CNL	Exit	Cleco Corp.	$0	–	-42,240	–	-0.58%	–
ADVS	Exit	Advent Software, Inc.	$0	–	-71,498	–	-0.64%	–
USPH	Exit	US Physical Therapy Inc.	$0	–	-67,530	–	-0.68%	–
UBA	Exit	Urstadt Biddle Properties A	$0	–	-128,660	–	-0.74%	–
VZ	Exit	Verizon Communications Inc.	$0	–	-56,548	–	-0.80%	–
	Exit	Schneider Electric SA	$0	–	-36,980	–	-0.81%	–
HEINY	Exit	Heineken NV ADRadr	$0	–	-79,226	–	-0.84%	–
XYL	Exit	Xylem, Inc	$0	–	-84,648	–	-0.85%	–
SRE	Exit	Sempra Energy	$0	–	-28,920	–	-0.87%	–
CHD	Exit	Church & Dwight Co., Inc.	$0	–	-44,415	–	-0.88%	–
LEG	Exit	Leggett & Platt Inc.	$0	–	-90,286	–	-0.90%	–
GSK	Exit	GlaxoSmithKline PLC ADRadr	$0	–	-69,147	–	-0.90%	–
KMR	Exit	Kinder Morgan Management LLC	$0	–	-33,981	–	-0.91%	–
T	Exit	AT&T Inc.	$0	–	-92,130	–	-0.92%	–
	Exit	Commonwealth Bank of Australia	$0	–	-49,290	–	-0.92%	–
INGR	Exit	Ingredion Inc.	$0	–	-43,897	–	-0.94%	–
CPK	Exit	Chesapeake Utilities Corp.	$0	–	-80,793	–	-0.96%	–
ECL	Exit	Ecolab, Inc.	$0	–	-29,415	–	-0.96%	–
SHPG	Exit	Shire PLC	$0	–	-13,134	–	-0.97%	–
BBEPQ	Exit	BreitBurn Energy Partners LPunit ltd partn	$0	–	-167,695	–	-0.97%	–
XOM	Exit	Exxon Mobil Corp.	$0	–	-37,790	–	-1.01%	–
CLX	Exit	The Clorox Company	$0	–	-37,410	–	-1.02%	–
NGG	Exit	National Grid PLC ADSadr	$0	–	-50,284	–	-1.03%	–
MOH	Exit	Molina Healthcare Inc.	$0	–	-85,521	–	-1.03%	–
MKC	Exit	McCormick & Co. Inc.	$0	–	-56,045	–	-1.06%	–
OGS	Exit	ONE Gas, Inc.	$0	–	-110,438	–	-1.08%	–
CMCSA	Exit	Comcast Corp	$0	–	-70,835	–	-1.08%	–
MRO	Exit	Maranthon Oil Corp.	$0	–	-103,320	–	-1.10%	–
MMLP	Exit	Martin Midstream Partners LPunit ltd partn	$0	–	-106,130	–	-1.12%	–
LECO	Exit	Lincoln Electric Holdings Inc.	$0	–	-57,339	–	-1.13%	–
APU	Exit	Amerigas Partners LPunit ltd partn	$0	–	-89,028	–	-1.15%	–
OKE	Exit	Oneok Inc.	$0	–	-62,228	–	-1.16%	–
EMR	Exit	Emerson Electric Co.	$0	–	-68,082	–	-1.21%	–
O	Exit	Realty Income Corp.	$0	–	-105,072	–	-1.22%	–
ATR	Exit	Aptargroup, Inc.	$0	–	-70,620	–	-1.22%	–
OTEX	Exit	OpenText Corp.	$0	–	-78,818	–	-1.24%	–
MO	Exit	Altria Group, Inc	$0	–	-96,671	–	-1.26%	–
OMC	Exit	Omnicom Group	$0	–	-66,367	–	-1.30%	–
DCP	Exit	DCP Midstream Partners LPunit ltd partn	$0	–	-83,995	–	-1.30%	–
MTD	Exit	Mettler-Toledo International,	$0	–	-17,950	–	-1.31%	–
TD	Exit	Toronto Dominion Bank	$0	–	-94,280	–	-1.32%	–
ITT	Exit	ITT Corp.	$0	–	-107,280	–	-1.37%	–
M	Exit	Macy's, Inc.	$0	–	-84,872	–	-1.40%	–
APC	Exit	Anadarko Petroleum Corp.	$0	–	-49,018	–	-1.41%	–
SON	Exit	Sonoco Products Co.	$0	–	-127,016	–	-1.42%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-46,485	–	-1.42%	–
AAPL	Exit	Apple Inc.	$0	–	-50,624	–	-1.45%	–
PAYX	Exit	Paychex, Inc.	$0	–	-115,969	–	-1.46%	–
GGG	Exit	Graco, Inc.	$0	–	-70,380	–	-1.46%	–
GWW	Exit	Grainger, WW Inc.	$0	–	-20,877	–	-1.49%	–
HRL	Exit	Hormel Foods Corp.	$0	–	-104,265	–	-1.52%	–
SPH	Exit	Suburban Propane Partners LPunit ltd partn	$0	–	-122,360	–	-1.55%	–
PB	Exit	Prosperity Bancshares Inc.	$0	–	-96,025	–	-1.56%	–
NSC	Exit	Norfolk & Southern Corp.	$0	–	-51,360	–	-1.63%	–
CL	Exit	Colgate-Palmolive Co.	$0	–	-90,352	–	-1.67%	–
AVY	Exit	Avery Dennison Corp.	$0	–	-134,198	–	-1.70%	–
4945SC	Exit	Kinder Morgan Energy Partnersunit ltd partn	$0	–	-65,265	–	-1.73%	–
SHW	Exit	Sherwin-Williams Co.	$0	–	-28,070	–	-1.75%	–
MCD	Exit	McDonald's Corp.	$0	–	-64,912	–	-1.75%	–
BCR	Exit	C.R. Bard Inc.	$0	–	-44,634	–	-1.81%	–
ADP	Exit	Automatic Data Processing Inc.	$0	–	-78,005	–	-1.84%	–
PH	Exit	Parker Hannifin	$0	–	-58,253	–	-1.89%	–
PAA	Exit	Plains All American Pipeline Lunit ltd partn	$0	–	-118,191	–	-1.98%	–
SXL	Exit	Sunoco Logistic Partners LPunit ltd partn	$0	–	-146,328	–	-2.01%	–
GIS	Exit	General Mills Inc.	$0	–	-144,647	–	-2.07%	–
OKS	Exit	Oneok Partners LPunit ltd partn	$0	–	-130,647	–	-2.08%	–
FISV	Exit	Fiserv Inc.	$0	–	-113,383	–	-2.08%	–
BPL	Exit	Buckeye Partners LPunit ltd partn	$0	–	-93,102	–	-2.11%	–
NVS	Exit	Novartis AG ADRadr	$0	–	-83,486	–	-2.23%	–
EPD	Exit	Enterprise Products Partners Lunit ltd partn	$0	–	-215,718	–	-2.47%	–
TCP	Exit	TC Pipelines LPunit ltd partn	$0	–	-137,507	–	-2.64%	–

Q3 2014

			Value		Shares		↓ Weighting
TCP	Buy	TC Pipelines LPunit ltd partn	$9,311,000	+35.4%	137,507	+3.3%	2.64%	+39.9%
EPD	Buy	Enterprise Products Partners Lunit ltd partn	$8,693,000	+6.3%	215,718	+106.6%	2.47%	+9.8%
NVS	Buy	Novartis AG ADRadr	$7,859,000	+8.0%	83,486	+3.9%	2.23%	+11.5%
BPL	Sell	Buckeye Partners LPunit ltd partn	$7,415,000	-5.6%	93,102	-1.6%	2.11%	-2.5%
FISV	Buy	Fiserv Inc.	$7,329,000	+12.5%	113,383	+5.0%	2.08%	+16.2%
OKS	Buy	Oneok Partners LPunit ltd partn	$7,311,000	-2.2%	130,647	+2.4%	2.08%	+1.1%
GIS	Buy	General Mills Inc.	$7,297,000	-3.3%	144,647	+0.7%	2.07%	-0.1%
SXL	Buy	Sunoco Logistic Partners LPunit ltd partn	$7,062,000	+3.8%	146,328	+1.4%	2.01%	+7.2%
PAA	Buy	Plains All American Pipeline Lunit ltd partn	$6,957,000	+1.1%	118,191	+3.1%	1.98%	+4.4%
PH	Buy	Parker Hannifin	$6,650,000	-0.2%	58,253	+10.0%	1.89%	+3.1%
ADP	Sell	Automatic Data Processing Inc.	$6,481,000	+0.8%	78,005	-3.9%	1.84%	+4.1%
BCR	Buy	C.R. Bard Inc.	$6,370,000	+4.5%	44,634	+4.7%	1.81%	+7.9%
MCD	Sell	McDonald's Corp.	$6,154,000	-9.0%	64,912	-3.3%	1.75%	-6.0%
SHW	Buy	Sherwin-Williams Co.	$6,147,000	+10.5%	28,070	+4.4%	1.75%	+14.1%
4945SC	Sell	Kinder Morgan Energy Partnersunit ltd partn	$6,088,000	+1.4%	65,265	-10.7%	1.73%	+4.7%
AVY	Buy	Avery Dennison Corp.	$5,992,000	-3.7%	134,198	+10.5%	1.70%	-0.6%
CL	Buy	Colgate-Palmolive Co.	$5,893,000	+1.2%	90,352	+5.8%	1.67%	+4.5%
NSC	Buy	Norfolk & Southern Corp.	$5,732,000	+13.6%	51,360	+4.9%	1.63%	+17.3%
PB	Buy	Prosperity Bancshares Inc.	$5,490,000	-4.2%	96,025	+4.9%	1.56%	-1.1%
SPH	Buy	Suburban Propane Partners LPunit ltd partn	$5,451,000	-1.5%	122,360	+1.7%	1.55%	+1.7%
HRL	Buy	Hormel Foods Corp.	$5,358,000	+9.9%	104,265	+5.5%	1.52%	+13.5%
GWW	Buy	Grainger, WW Inc.	$5,254,000	+4.7%	20,877	+5.8%	1.49%	+8.1%
GGG	Buy	Graco, Inc.	$5,136,000	-2.3%	70,380	+4.5%	1.46%	+0.8%
PAYX	Buy	Paychex, Inc.	$5,126,000	+7.7%	115,969	+1.3%	1.46%	+11.2%
AAPL	Buy	Apple Inc.	$5,100,000	+28.9%	50,624	+18.9%	1.45%	+33.2%
KMB	Buy	Kimberly-Clark Corp.	$5,000,000	+1.9%	46,485	+5.3%	1.42%	+5.2%
SON	Buy	Sonoco Products Co.	$4,990,000	-6.2%	127,016	+4.9%	1.42%	-3.2%
APC	Buy	Anadarko Petroleum Corp.	$4,972,000	-2.4%	49,018	+5.3%	1.41%	+0.7%
M	Buy	Macy's, Inc.	$4,938,000	+6.3%	84,872	+6.0%	1.40%	+9.8%
ITT	Sell	ITT Corp.	$4,821,000	-12.6%	107,280	-6.5%	1.37%	-9.8%
TD	Sell	Toronto Dominion Bank	$4,656,000	-15.4%	94,280	-11.9%	1.32%	-12.6%
MTD	Buy	Mettler-Toledo International,	$4,598,000	+6.8%	17,950	+5.6%	1.31%	+10.3%
DCP	Buy	DCP Midstream Partners LPunit ltd partn	$4,574,000	+0.7%	83,995	+5.4%	1.30%	+4.0%
OMC	Sell	Omnicom Group	$4,570,000	-12.4%	66,367	-9.4%	1.30%	-9.6%
MO	Sell	Altria Group, Inc	$4,441,000	+4.0%	96,671	-5.0%	1.26%	+7.4%
OTEX	Sell	OpenText Corp.	$4,368,000	+2.9%	78,818	-11.0%	1.24%	+6.3%
ATR	Buy	Aptargroup, Inc.	$4,287,000	-4.4%	70,620	+5.6%	1.22%	-1.2%
O	Buy	Realty Income Corp.	$4,286,000	-2.0%	105,072	+6.7%	1.22%	+1.2%
EMR	Buy	Emerson Electric Co.	$4,261,000	-0.3%	68,082	+5.8%	1.21%	+3.0%
OKE	Buy	Oneok Inc.	$4,079,000	+6.4%	62,228	+10.5%	1.16%	+9.9%
APU	Buy	Amerigas Partners LPunit ltd partn	$4,061,000	+6.8%	89,028	+6.3%	1.15%	+10.3%
LECO	Buy	Lincoln Electric Holdings Inc.	$3,964,000	+5.9%	57,339	+7.1%	1.13%	+9.4%
MMLP	Buy	Martin Midstream Partners LPunit ltd partn	$3,958,000	-4.8%	106,130	+5.1%	1.12%	-1.7%
MRO	Buy	Maranthon Oil Corp.	$3,884,000	+1.3%	103,320	+7.6%	1.10%	+4.6%
CMCSA	Buy	Comcast Corp	$3,810,000	+9.0%	70,835	+8.7%	1.08%	+12.5%
OGS	Buy	ONE Gas, Inc.	$3,783,000	-5.0%	110,438	+4.7%	1.08%	-1.8%
MKC	Buy	McCormick & Co. Inc.	$3,749,000	-0.8%	56,045	+6.1%	1.06%	+2.4%
MOH	Buy	Molina Healthcare Inc.	$3,618,000	+0.9%	85,521	+6.5%	1.03%	+4.3%
NGG	Buy	National Grid PLC ADSadr	$3,614,000	+4.1%	50,284	+7.7%	1.03%	+7.5%
CLX	Buy	The Clorox Company	$3,593,000	+9.4%	37,410	+4.1%	1.02%	+13.1%
XOM	Sell	Exxon Mobil Corp.	$3,554,000	-15.3%	37,790	-9.3%	1.01%	-12.5%
BBEPQ	Buy	BreitBurn Energy Partners LPunit ltd partn	$3,408,000	+9.1%	167,695	+18.7%	0.97%	+12.7%
SHPG	Sell	Shire PLC	$3,402,000	-49.9%	13,134	-54.5%	0.97%	-48.3%
ECL	Buy	Ecolab, Inc.	$3,378,000	+9.6%	29,415	+6.3%	0.96%	+13.3%
CPK	Buy	Chesapeake Utilities Corp.	$3,366,000	+30.6%	80,793	+123.6%	0.96%	+34.8%
INGR	Sell	Ingredion Inc.	$3,327,000	-12.9%	43,897	-13.8%	0.94%	-10.1%
T	Buy	AT&T Inc.	$3,247,000	+7.3%	92,130	+7.7%	0.92%	+10.8%
	Sell	Commonwealth Bank of Australia	$3,247,000	-18.3%	49,290	-5.3%	0.92%	-15.6%
KMR	Buy	Kinder Morgan Management LLC	$3,199,000	+24.1%	33,981	+4.1%	0.91%	+28.2%
GSK	Sell	GlaxoSmithKline PLC ADRadr	$3,179,000	-28.4%	69,147	-16.7%	0.90%	-26.1%
LEG	Buy	Leggett & Platt Inc.	$3,153,000	+11.3%	90,286	+9.3%	0.90%	+15.0%
CHD	Sell	Church & Dwight Co., Inc.	$3,116,000	-10.0%	44,415	-10.2%	0.88%	-7.0%
SRE	Buy	Sempra Energy	$3,048,000	+59.6%	28,920	+58.6%	0.87%	+65.0%
XYL	Buy	Xylem, Inc	$3,004,000	-4.2%	84,648	+5.5%	0.85%	-1.2%
HEINY	Sell	Heineken NV ADRadr	$2,961,000	-44.3%	79,226	-46.6%	0.84%	-42.5%
	Sell	Schneider Electric SA	$2,840,000	-26.5%	36,980	-10.0%	0.81%	-24.1%
VZ	Buy	Verizon Communications Inc.	$2,827,000	+12.1%	56,548	+9.8%	0.80%	+15.9%
UBA	Buy	Urstadt Biddle Properties A	$2,612,000	+6.0%	128,660	+9.0%	0.74%	+9.4%
USPH	Buy	US Physical Therapy Inc.	$2,390,000	+7.2%	67,530	+3.6%	0.68%	+10.8%
ADVS	Buy	Advent Software, Inc.	$2,256,000	+122.5%	71,498	+129.7%	0.64%	+129.7%
CNL	Buy	Cleco Corp.	$2,034,000	+38.7%	42,240	+69.7%	0.58%	+43.1%
PSXP	Buy	Phillips 66 Partners LPunit ltd partn	$1,882,000	-6.8%	28,200	+5.5%	0.54%	-3.8%
SSL	Buy	Sasol Ltd. ADRadr	$1,729,000	+5.2%	31,730	+14.2%	0.49%	+8.6%
MCHP	Buy	Microchip Technology Inc.	$1,724,000	+81.1%	36,500	+87.2%	0.49%	+87.0%
SNN	Sell	Smith & Nephew PLC	$1,635,000	-48.5%	19,421	-45.3%	0.46%	-46.8%
SBH	Buy	Sally Beauty Holdings Inc.	$1,608,000	+9.9%	58,760	+0.8%	0.46%	+13.7%
	Buy	Gaztransport et Technigaz SAS	$1,235,000	+1.7%	20,870	+12.1%	0.35%	+5.1%
JNJ	Buy	Johnson & Johnson	$1,212,000	+18.4%	11,366	+16.1%	0.34%	+22.0%
MNR	Buy	Monmouth Real Estate Investmen	$1,129,000	+1.9%	111,535	+1.1%	0.32%	+5.2%
JWA	Buy	John Wiley & Sons Inc. A	$1,046,000	+26.6%	18,640	+36.7%	0.30%	+30.8%
OXY	Sell	Occidental Petroleum Corp.	$751,000	-48.4%	7,815	-44.9%	0.21%	-46.8%
IMO	Sell	Imperial Oil Ltd.	$633,000	-11.7%	13,410	-1.6%	0.18%	-8.6%
QIWI	Sell	Qiwi PLC	$608,000	-68.5%	19,240	-59.8%	0.17%	-67.4%
	Sell	Vermilion Energy Trust	$547,000	-13.0%	8,970	-0.7%	0.16%	-10.4%
CDK	New	CDK Global Holdings LLC	$492,000	–	16,081	–	0.14%	–
TGP	Buy	Teekay LNG Partners LPunit ltd partn	$475,000	-5.4%	10,915	+0.3%	0.14%	-2.2%
VDMCY	Buy	Vodacom Group Ltd.ADRadr	$327,000	-0.3%	28,480	+7.6%	0.09%	+3.3%
	Sell	H&R REIT	$291,000	-66.9%	14,883	-63.2%	0.08%	-65.6%
BMS	Sell	Bemis Co. Inc.	$266,000	-90.9%	7,000	-90.3%	0.08%	-90.6%
HAS	Sell	Hasbro Inc.	$263,000	-6.1%	4,790	-9.3%	0.08%	-2.6%
	Sell	Crombie REIT	$121,000	-17.1%	10,410	-9.8%	0.03%	-15.0%
FNHM	New	FNBH Bancorp Inc.	$63,000	–	64,283	–	0.02%	–
	Exit	Heineken NV	$0	–	-3,650	–	-0.07%	–
	Exit	Cominar REIT	$0	–	-22,109	–	-0.11%	–
MPC	Exit	Marathon Petroleum Corp.	$0	–	-8,530	–	-0.18%	–
BRC	Exit	Brady Corp.	$0	–	-28,755	–	-0.24%	–
TTE	Exit	Total SA ADRadr	$0	–	-25,490	–	-0.51%	–
BGS	Exit	B&G Foods Inc.	$0	–	-116,465	–	-1.05%	–

Q2 2014

			Value		Shares		↓ Weighting
EPD	New	Enterprise Products Partners Lunit ltd partn	$8,174,000	–	104,402	–	2.25%	–
BPL	New	Buckeye Partners LPunit ltd partn	$7,858,000	–	94,612	–	2.16%	–
GIS	New	General Mills Inc.	$7,547,000	–	143,645	–	2.08%	–
OKS	New	Oneok Partners LPunit ltd partn	$7,473,000	–	127,530	–	2.06%	–
NVS	New	Novartis AG ADRadr	$7,278,000	–	80,390	–	2.00%	–
PAA	New	Plains All American Pipeline Lunit ltd partn	$6,883,000	–	114,616	–	1.89%	–
TCP	New	TC Pipelines LPunit ltd partn	$6,875,000	–	133,077	–	1.89%	–
SXL	New	Sunoco Logistic Partners LPunit ltd partn	$6,802,000	–	144,378	–	1.87%	–
SHPG	New	Shire PLC	$6,796,000	–	28,860	–	1.87%	–
MCD	New	McDonald's Corp.	$6,759,000	–	67,095	–	1.86%	–
PH	New	Parker Hannifin	$6,660,000	–	52,970	–	1.83%	–
FISV	New	Fiserv Inc.	$6,512,000	–	107,965	–	1.79%	–
ADP	New	Automatic Data Processing Inc.	$6,432,000	–	81,130	–	1.77%	–
AVY	New	Avery Dennison Corp.	$6,225,000	–	121,470	–	1.71%	–
BCR	New	C.R. Bard Inc.	$6,097,000	–	42,630	–	1.68%	–
4945SC	New	Kinder Morgan Energy Partnersunit ltd partn	$6,006,000	–	73,055	–	1.65%	–
CL	New	Colgate-Palmolive Co.	$5,823,000	–	85,400	–	1.60%	–
PB	New	Prosperity Bancshares Inc.	$5,731,000	–	91,555	–	1.58%	–
SHW	New	Sherwin-Williams Co.	$5,561,000	–	26,875	–	1.53%	–
SPH	New	Suburban Propane Partners LPunit ltd partn	$5,533,000	–	120,290	–	1.52%	–
ITT	New	ITT Corp.	$5,518,000	–	114,710	–	1.52%	–
TD	New	Toronto Dominion Bank	$5,505,000	–	107,072	–	1.51%	–
SON	New	Sonoco Products Co.	$5,322,000	–	121,140	–	1.46%	–
HEINY	New	Heineken NV ADRadr	$5,318,000	–	148,395	–	1.46%	–
GGG	New	Graco, Inc.	$5,259,000	–	67,360	–	1.45%	–
OMC	New	Omnicom Group	$5,219,000	–	73,275	–	1.44%	–
APC	New	Anadarko Petroleum Corp.	$5,096,000	–	46,555	–	1.40%	–
NSC	New	Norfolk & Southern Corp.	$5,046,000	–	48,980	–	1.39%	–
GWW	New	Grainger, WW Inc.	$5,019,000	–	19,737	–	1.38%	–
KMB	New	Kimberly-Clark Corp.	$4,908,000	–	44,130	–	1.35%	–
HRL	New	Hormel Foods Corp.	$4,875,000	–	98,785	–	1.34%	–
PAYX	New	Paychex, Inc.	$4,758,000	–	114,490	–	1.31%	–
M	New	Macy's, Inc.	$4,647,000	–	80,090	–	1.28%	–
DCP	New	DCP Midstream Partners LPunit ltd partn	$4,540,000	–	79,655	–	1.25%	–
ATR	New	Aptargroup, Inc.	$4,482,000	–	66,885	–	1.23%	–
GSK	New	GlaxoSmithKline PLC ADRadr	$4,442,000	–	83,055	–	1.22%	–
O	New	Realty Income Corp.	$4,375,000	–	98,500	–	1.20%	–
MTD	New	Mettler-Toledo International,	$4,304,000	–	17,000	–	1.18%	–
EMR	New	Emerson Electric Co.	$4,272,000	–	64,380	–	1.18%	–
MO	New	Altria Group, Inc	$4,269,000	–	101,790	–	1.17%	–
OTEX	New	OpenText Corp.	$4,244,000	–	88,530	–	1.17%	–
XOM	New	Exxon Mobil Corp.	$4,195,000	–	41,670	–	1.15%	–
MMLP	New	Martin Midstream Partners LPunit ltd partn	$4,158,000	–	100,980	–	1.14%	–
OGS	New	ONE Gas, Inc.	$3,981,000	–	105,460	–	1.10%	–
	New	Commonwealth Bank of Australia	$3,973,000	–	52,050	–	1.09%	–
AAPL	New	Apple Inc.	$3,956,000	–	42,565	–	1.09%	–
	New	Schneider Electric SA	$3,866,000	–	41,070	–	1.06%	–
OKE	New	Oneok Inc.	$3,834,000	–	56,321	–	1.06%	–
MRO	New	Maranthon Oil Corp.	$3,833,000	–	96,011	–	1.05%	–
INGR	New	Ingredion Inc.	$3,820,000	–	50,910	–	1.05%	–
BGS	New	B&G Foods Inc.	$3,807,000	–	116,465	–	1.05%	–
APU	New	Amerigas Partners LPunit ltd partn	$3,802,000	–	83,760	–	1.05%	–
MKC	New	McCormick & Co. Inc.	$3,780,000	–	52,805	–	1.04%	–
LECO	New	Lincoln Electric Holdings Inc.	$3,742,000	–	53,545	–	1.03%	–
MOH	New	Molina Healthcare Inc.	$3,584,000	–	80,315	–	0.99%	–
CMCSA	New	Comcast Corp	$3,497,000	–	65,150	–	0.96%	–
NGG	New	National Grid PLC ADSadr	$3,473,000	–	46,690	–	0.96%	–
CHD	New	Church & Dwight Co., Inc.	$3,461,000	–	49,475	–	0.95%	–
CLX	New	The Clorox Company	$3,284,000	–	35,925	–	0.90%	–
SNN	New	Smith & Nephew PLC	$3,172,000	–	35,530	–	0.87%	–
XYL	New	Xylem, Inc	$3,136,000	–	80,250	–	0.86%	–
BBEPQ	New	BreitBurn Energy Partners LPunit ltd partn	$3,124,000	–	141,225	–	0.86%	–
ECL	New	Ecolab, Inc.	$3,081,000	–	27,670	–	0.85%	–
T	New	AT&T Inc.	$3,026,000	–	85,580	–	0.83%	–
BMS	New	Bemis Co. Inc.	$2,928,000	–	72,005	–	0.80%	–
LEG	New	Leggett & Platt Inc.	$2,832,000	–	82,615	–	0.78%	–
KMR	New	Kinder Morgan Management LLC	$2,577,000	–	32,646	–	0.71%	–
CPK	New	Chesapeake Utilities Corp.	$2,577,000	–	36,125	–	0.71%	–
VZ	New	Verizon Communications Inc.	$2,521,000	–	51,520	–	0.69%	–
UBA	New	Urstadt Biddle Properties A	$2,464,000	–	118,000	–	0.68%	–
USPH	New	US Physical Therapy Inc.	$2,229,000	–	65,200	–	0.61%	–
PSXP	New	Phillips 66 Partners LPunit ltd partn	$2,020,000	–	26,740	–	0.56%	–
QIWI	New	Qiwi PLC	$1,931,000	–	47,880	–	0.53%	–
SRE	New	Sempra Energy	$1,910,000	–	18,240	–	0.52%	–
TTE	New	Total SA ADRadr	$1,840,000	–	25,490	–	0.51%	–
SSL	New	Sasol Ltd. ADRadr	$1,643,000	–	27,790	–	0.45%	–
CNL	New	Cleco Corp.	$1,467,000	–	24,890	–	0.40%	–
SBH	New	Sally Beauty Holdings Inc.	$1,463,000	–	58,320	–	0.40%	–
OXY	New	Occidental Petroleum Corp.	$1,456,000	–	14,185	–	0.40%	–
	New	Gaztransport et Technigaz SAS	$1,214,000	–	18,620	–	0.33%	–
MNR	New	Monmouth Real Estate Investmen	$1,108,000	–	110,375	–	0.30%	–
JNJ	New	Johnson & Johnson	$1,024,000	–	9,786	–	0.28%	–
ADVS	New	Advent Software, Inc.	$1,014,000	–	31,120	–	0.28%	–
MCHP	New	Microchip Technology Inc.	$952,000	–	19,500	–	0.26%	–
BBY	New	Best Buy Co. Inc.	$949,000	–	30,600	–	0.26%	–
PX	New	Praxair, Inc.	$935,000	–	7,040	–	0.26%	–
	New	H&R REIT	$878,000	–	40,392	–	0.24%	–
BRC	New	Brady Corp.	$859,000	–	28,755	–	0.24%	–
JWA	New	John Wiley & Sons Inc. A	$826,000	–	13,640	–	0.23%	–
IMO	New	Imperial Oil Ltd.	$717,000	–	13,630	–	0.20%	–
MPC	New	Marathon Petroleum Corp.	$666,000	–	8,530	–	0.18%	–
	New	Vermilion Energy Trust	$629,000	–	9,030	–	0.17%	–
TGP	New	Teekay LNG Partners LPunit ltd partn	$502,000	–	10,880	–	0.14%	–
	New	Cominar REIT	$391,000	–	22,109	–	0.11%	–
VDMCY	New	Vodacom Group Ltd.ADRadr	$328,000	–	26,480	–	0.09%	–
HAS	New	Hasbro Inc.	$280,000	–	5,280	–	0.08%	–
	New	Heineken NV	$262,000	–	3,650	–	0.07%	–
	New	Crombie REIT	$146,000	–	11,540	–	0.04%	–

Q4 2013

			Value		Shares		↓ Weighting
	Exit	Crombie REIT	$0	–	-14,190	–	-0.22%	–
	Exit	H&R REIT	$0	–	-10,147	–	-0.26%	–
JNJ	Exit	Johnson & Johnson	$0	–	-2,776	–	-0.30%	–
HAS	Exit	Hasbro Inc.	$0	–	-5,420	–	-0.32%	–
USPH	Exit	US Physical Therapy Inc.	$0	–	-10,950	–	-0.43%	–
TGP	Exit	Teekay LNG Partners LPunit ltd partn	$0	–	-9,470	–	-0.53%	–
SBH	Exit	Sally Beauty Holdings Inc.	$0	–	-16,290	–	-0.54%	–
MOH	Exit	Molina Healthcare Inc.	$0	–	-12,045	–	-0.54%	–
OTEX	Exit	OpenText Corp.	$0	–	-5,845	–	-0.55%	–
	Exit	Vermilion Energy Trust	$0	–	-8,220	–	-0.57%	–
IMO	Exit	Imperial Oil Ltd.	$0	–	-10,450	–	-0.58%	–
CMCSA	Exit	Comcast Corp	$0	–	-10,210	–	-0.58%	–
ECL	Exit	Ecolab, Inc.	$0	–	-5,060	–	-0.63%	–
VZ	Exit	Verizon Communications Inc.	$0	–	-11,170	–	-0.66%	–
OXY	Exit	Occidental Petroleum Corp.	$0	–	-5,640	–	-0.66%	–
SNN	Exit	Smith & Nephew PLC	$0	–	-8,490	–	-0.67%	–
SON	Exit	Sonoco Products Co.	$0	–	-14,050	–	-0.69%	–
T	Exit	AT&T Inc.	$0	–	-16,290	–	-0.69%	–
MRO	Exit	Maranthon Oil Corp.	$0	–	-16,215	–	-0.71%	–
SHPG	Exit	Shire PLC	$0	–	-4,750	–	-0.72%	–
SSL	Exit	Sasol Ltd. ADRadr	$0	–	-12,620	–	-0.76%	–
	Exit	Commonwealth Bank of Australia	$0	–	-9,260	–	-0.78%	–
TTE	Exit	Total SA ADRadr	$0	–	-11,090	–	-0.81%	–
XYL	Exit	Xylem, Inc	$0	–	-23,340	–	-0.82%	–
INGR	Exit	Ingredion Inc.	$0	–	-9,910	–	-0.83%	–
	Exit	Cominar REIT	$0	–	-36,320	–	-0.86%	–
BGS	Exit	B&G Foods Inc.	$0	–	-20,010	–	-0.87%	–
UBA	Exit	Urstadt Biddle Properties A	$0	–	-35,170	–	-0.88%	–
M	Exit	Macy's, Inc.	$0	–	-18,580	–	-1.01%	–
BBEPQ	Exit	BrietBurn Energy Partners LPunit ltd partn	$0	–	-44,390	–	-1.03%	–
LECO	Exit	Lincoln Electric Holdings Inc.	$0	–	-12,350	–	-1.04%	–
BMS	Exit	Bemis Co. Inc.	$0	–	-21,400	–	-1.05%	–
	Exit	Tullow Oil PLC	$0	–	-50,455	–	-1.06%	–
XOM	Exit	Exxon Mobil Corp.	$0	–	-10,785	–	-1.17%	–
O	Exit	Realty Income Corp.	$0	–	-24,545	–	-1.23%	–
MKC	Exit	McCormick & Co. Inc.	$0	–	-15,205	–	-1.24%	–
APC	Exit	Anadarko Petroleum Corp.	$0	–	-10,755	–	-1.26%	–
TD	Exit	Toronto Dominion Bank	$0	–	-11,300	–	-1.28%	–
GIS	Exit	General Mills Inc.	$0	–	-21,365	–	-1.29%	–
MO	Exit	Altria Group, Inc	$0	–	-30,210	–	-1.31%	–
NGG	Exit	National Grid PLC ADSadr	$0	–	-17,850	–	-1.33%	–
PAA	Exit	Plains All American Pipeline Lunit ltd partn	$0	–	-20,407	–	-1.35%	–
BRC	Exit	Brady Corp.	$0	–	-35,455	–	-1.36%	–
CHD	Exit	Church & Dwight Co., Inc.	$0	–	-18,160	–	-1.38%	–
ITT	Exit	ITT Corp.	$0	–	-31,135	–	-1.41%	–
APU	Exit	Amerigas Partners LPunit ltd partn	$0	–	-26,480	–	-1.44%	–
MMLP	Exit	Martin Midstream Partners LPunit ltd partn	$0	–	-25,200	–	-1.49%	–
CLX	Exit	The Clorox Company	$0	–	-14,550	–	-1.50%	–
OMC	Exit	Omnicom Group	$0	–	-19,150	–	-1.53%	–
GSK	Exit	GlaxoSmithKline PLC ADRadr	$0	–	-24,320	–	-1.54%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-13,110	–	-1.56%	–
PNG	Exit	PAA Natural Gas Storage LPunit ltd partn	$0	–	-53,055	–	-1.56%	–
MTD	Exit	Mettler-Toledo International,	$0	–	-5,210	–	-1.58%	–
SPH	Exit	Suburban Propane Partners LPunit ltd partn	$0	–	-26,786	–	-1.58%	–
DCP	Exit	DCP Midstream Partners LPunit ltd partn	$0	–	-25,305	–	-1.58%	–
MCD	Exit	McDonald's Corp.	$0	–	-13,125	–	-1.59%	–
4945SC	Exit	Kinder Morgan Energy Partnersunit ltd partn	$0	–	-16,045	–	-1.61%	–
ATR	Exit	Aptargroup, Inc.	$0	–	-21,390	–	-1.62%	–
EMR	Exit	Emerson Electric Co.	$0	–	-19,975	–	-1.63%	–
NSC	Exit	Norfolk & Southern Corp.	$0	–	-16,955	–	-1.65%	–
	Exit	Schneider Electric SA	$0	–	-15,760	–	-1.68%	–
GWW	Exit	Grainger, WW Inc.	$0	–	-5,122	–	-1.69%	–
OKS	Exit	Oneok Partners LPunit ltd partn	$0	–	-25,300	–	-1.69%	–
SXL	Exit	Sunoco Logistic Partners LPunit ltd partn	$0	–	-20,464	–	-1.71%	–
AVY	Exit	Avery Dennison Corp.	$0	–	-31,335	–	-1.72%	–
GGG	Exit	Graco, Inc.	$0	–	-18,455	–	-1.72%	–
BPL	Exit	Buckeye Partners LPunit ltd partn	$0	–	-21,672	–	-1.79%	–
TCP	Exit	TC Pipelines LPunit ltd partn	$0	–	-29,170	–	-1.79%	–
EPD	Exit	Enterprise Products Partners Lunit ltd partn	$0	–	-24,152	–	-1.86%	–
NVS	Exit	Novartis AG ADRadr	$0	–	-19,730	–	-1.91%	–
BCR	Exit	C.R. Bard Inc.	$0	–	-13,170	–	-1.91%	–
CL	Exit	Colgate-Palmolive Co.	$0	–	-25,910	–	-1.94%	–
PAYX	Exit	Paychex, Inc.	$0	–	-38,480	–	-1.97%	–
HEINY	Exit	Heineken NV ADRadr	$0	–	-44,225	–	-1.98%	–
HRL	Exit	Hormel Foods Corp.	$0	–	-37,745	–	-2.00%	–
PH	Exit	Parker Hannifin	$0	–	-14,660	–	-2.01%	–
SHW	Exit	Sherwin-Williams Co.	$0	–	-8,825	–	-2.03%	–
FISV	Exit	Fiserv Inc.	$0	–	-17,340	–	-2.21%	–
PB	Exit	Prosperity Bancshares Inc.	$0	–	-29,345	–	-2.29%	–
ADP	Exit	Automatic Data Processing Inc.	$0	–	-26,615	–	-2.43%	–

Q3 2013

			Value		Shares		↓ Weighting
ADP	Buy	Automatic Data Processing Inc.	$1,926,000	+7.5%	26,615	+2.3%	2.43%	+0.1%
PB	Buy	Prosperity Bancshares Inc.	$1,815,000	+22.3%	29,345	+2.4%	2.29%	+13.8%
FISV	Buy	Fiserv Inc.	$1,752,000	+20.4%	17,340	+4.2%	2.21%	+12.0%
SHW	Buy	Sherwin-Williams Co.	$1,608,000	+6.2%	8,825	+2.9%	2.03%	-1.2%
PH	Buy	Parker Hannifin	$1,594,000	+20.8%	14,660	+5.9%	2.01%	+12.4%
HRL	Sell	Hormel Foods Corp.	$1,590,000	+8.9%	37,745	-0.3%	2.00%	+1.3%
HEINY	Buy	Heineken NV ADRadr	$1,568,000	+17.4%	44,225	+5.5%	1.98%	+9.2%
PAYX	Buy	Paychex, Inc.	$1,564,000	+17.2%	38,480	+5.3%	1.97%	+9.1%
CL	Buy	Colgate-Palmolive Co.	$1,536,000	+8.3%	25,910	+4.7%	1.94%	+0.8%
BCR	Buy	C.R. Bard Inc.	$1,517,000	+15.4%	13,170	+8.8%	1.91%	+7.3%
NVS	Buy	Novartis AG ADRadr	$1,513,000	+14.4%	19,730	+5.6%	1.91%	+6.5%
EPD	Buy	Enterprise Products Partners Lunit ltd partn	$1,474,000	+3.2%	24,152	+5.1%	1.86%	-4.0%
TCP	Buy	TC Pipelines LPunit ltd partn	$1,421,000	+3.6%	29,170	+2.6%	1.79%	-3.7%
BPL	Buy	Buckeye Partners LPunit ltd partn	$1,420,000	-4.7%	21,672	+2.0%	1.79%	-11.3%
GGG	Buy	Graco, Inc.	$1,367,000	+20.5%	18,455	+2.9%	1.72%	+12.2%
AVY	Sell	Avery Dennison Corp.	$1,364,000	-1.0%	31,335	-2.8%	1.72%	-7.9%
SXL	Buy	Sunoco Logistic Partners LPunit ltd partn	$1,360,000	+8.4%	20,464	+4.3%	1.71%	+0.8%
OKS	Buy	Oneok Partners LPunit ltd partn	$1,341,000	+13.1%	25,300	+5.6%	1.69%	+5.2%
GWW	Buy	Grainger, WW Inc.	$1,340,000	+5.2%	5,122	+1.4%	1.69%	-2.1%
	Buy	Schneider Electric SA	$1,334,000	+20.2%	15,760	+2.9%	1.68%	+11.8%
NSC	Buy	Norfolk & Southern Corp.	$1,311,000	+10.4%	16,955	+3.7%	1.65%	+2.8%
EMR	Buy	Emerson Electric Co.	$1,292,000	+25.2%	19,975	+5.5%	1.63%	+16.5%
ATR	Buy	Aptargroup, Inc.	$1,286,000	+9.8%	21,390	+0.8%	1.62%	+2.1%
4945SC	Buy	Kinder Morgan Energy Partnersunit ltd partn	$1,281,000	-0.3%	16,045	+6.6%	1.61%	-7.2%
MCD	Buy	McDonald's Corp.	$1,263,000	+3.9%	13,125	+6.8%	1.59%	-3.3%
DCP	Buy	DCP Midstream Partners LPunit ltd partn	$1,257,000	-2.7%	25,305	+6.0%	1.58%	-9.4%
SPH	Buy	Suburban Propane Partners LPunit ltd partn	$1,254,000	+4.8%	26,786	+3.9%	1.58%	-2.5%
MTD	Sell	Mettler-Toledo International,	$1,251,000	+17.4%	5,210	-1.7%	1.58%	+9.2%
PNG	Buy	PAA Natural Gas Storage LPunit ltd partn	$1,236,000	+16.1%	53,055	+4.8%	1.56%	+8.0%
KMB	Buy	Kimberly-Clark Corp.	$1,235,000	+5.1%	13,110	+8.3%	1.56%	-2.2%
GSK	Buy	GlaxoSmithKline PLC ADRadr	$1,220,000	+4.1%	24,320	+3.7%	1.54%	-3.2%
OMC	Buy	Omnicom Group	$1,215,000	+7.8%	19,150	+6.9%	1.53%	+0.3%
CLX	Sell	The Clorox Company	$1,189,000	-4.1%	14,550	-2.4%	1.50%	-10.8%
MMLP	Buy	Martin Midstream Partners LPunit ltd partn	$1,183,000	+13.4%	25,200	+6.5%	1.49%	+5.5%
APU	Buy	Amerigas Partners LPunit ltd partn	$1,140,000	-6.3%	26,480	+7.5%	1.44%	-12.9%
ITT	Buy	ITT Corp.	$1,119,000	+29.5%	31,135	+6.0%	1.41%	+20.5%
CHD	Buy	Church & Dwight Co., Inc.	$1,091,000	+3.0%	18,160	+5.8%	1.38%	-4.1%
BRC	Buy	Brady Corp.	$1,081,000	+4.2%	35,455	+5.0%	1.36%	-3.0%
PAA	Buy	Plains All American Pipeline Lunit ltd partn	$1,075,000	-2.6%	20,407	+3.1%	1.35%	-9.4%
NGG	Sell	National Grid PLC ADSadr	$1,054,000	+2.6%	17,850	-1.5%	1.33%	-4.5%
MO	New	Altria Group, Inc	$1,038,000	–	30,210	–	1.31%	–
GIS	Buy	General Mills Inc.	$1,024,000	+7.5%	21,365	+8.8%	1.29%	0.0%
TD	Buy	Toronto Dominion Bank	$1,017,000	+18.4%	11,300	+5.7%	1.28%	+10.1%
APC	Buy	Anadarko Petroleum Corp.	$1,000,000	+16.3%	10,755	+7.5%	1.26%	+8.2%
MKC	Buy	McCormick & Co. Inc.	$984,000	-4.1%	15,205	+4.3%	1.24%	-10.7%
O	Buy	Realty Income Corp.	$976,000	+3.2%	24,545	+8.8%	1.23%	-4.0%
XOM	Buy	Exxon Mobil Corp.	$928,000	-2.6%	10,785	+2.3%	1.17%	-9.4%
	Buy	Tullow Oil PLC	$837,000	+9.8%	50,455	+0.5%	1.06%	+2.2%
BMS	Buy	Bemis Co. Inc.	$835,000	+2.0%	21,400	+2.2%	1.05%	-5.1%
LECO	Buy	Lincoln Electric Holdings Inc.	$823,000	+24.9%	12,350	+7.4%	1.04%	+16.3%
BBEPQ	Buy	BrietBurn Energy Partners LPunit ltd partn	$814,000	+7.0%	44,390	+6.5%	1.03%	-0.4%
M	Buy	Macy's, Inc.	$804,000	-1.8%	18,580	+8.8%	1.01%	-8.7%
UBA	Buy	Urstadt Biddle Properties A	$699,000	+0.3%	35,170	+1.8%	0.88%	-6.7%
BGS	Buy	B&G Foods Inc.	$691,000	+12.9%	20,010	+11.3%	0.87%	+5.1%
	Buy	Cominar REIT	$680,000	-3.8%	36,320	+1.4%	0.86%	-10.4%
INGR	Buy	Ingredion Inc.	$656,000	+2.5%	9,910	+1.5%	0.83%	-4.7%
XYL	Buy	Xylem, Inc	$652,000	+7.1%	23,340	+3.3%	0.82%	-0.5%
TTE	Sell	Total SA ADRadr	$642,000	+18.0%	11,090	-0.7%	0.81%	+9.8%
	Buy	Commonwealth Bank of Australia	$617,000	+9.2%	9,260	+3.8%	0.78%	+1.6%
SSL	Buy	Sasol Ltd. ADRadr	$603,000	+11.5%	12,620	+1.0%	0.76%	+3.7%
SHPG	Buy	Shire PLC	$569,000	+30.2%	4,750	+3.5%	0.72%	+21.1%
MRO	Buy	Maranthon Oil Corp.	$566,000	+9.5%	16,215	+8.4%	0.71%	+1.9%
T	New	AT&T Inc.	$551,000	–	16,290	–	0.69%	–
SON	New	Sonoco Products Co.	$547,000	–	14,050	–	0.69%	–
SNN	Buy	Smith & Nephew PLC	$530,000	+13.5%	8,490	+2.0%	0.67%	+5.7%
OXY	Buy	Occidental Petroleum Corp.	$528,000	+8.6%	5,640	+3.5%	0.66%	+1.1%
VZ	New	Verizon Communications Inc.	$521,000	–	11,170	–	0.66%	–
ECL	Sell	Ecolab, Inc.	$500,000	-59.2%	5,060	-64.8%	0.63%	-62.0%
CMCSA	New	Comcast Corp	$461,000	–	10,210	–	0.58%	–
IMO	Buy	Imperial Oil Ltd.	$459,000	+16.5%	10,450	+1.4%	0.58%	+8.4%
	Sell	Vermilion Energy Trust	$453,000	+12.7%	8,220	-0.4%	0.57%	+5.0%
OTEX	Buy	OpenText Corp.	$436,000	+37.5%	5,845	+26.4%	0.55%	+28.0%
MOH	Buy	Molina Healthcare Inc.	$429,000	+12.9%	12,045	+17.9%	0.54%	+4.9%
SBH	Buy	Sally Beauty Holdings Inc.	$426,000	-9.7%	16,290	+7.2%	0.54%	-16.0%
TGP	Sell	Teekay LNG Partners LPunit ltd partn	$418,000	-1.6%	9,470	-2.7%	0.53%	-8.3%
USPH	Buy	US Physical Therapy Inc.	$340,000	+17.2%	10,950	+4.4%	0.43%	+8.9%
HAS	Sell	Hasbro Inc.	$255,000	-3.0%	5,420	-7.6%	0.32%	-9.8%
JNJ	Buy	Johnson & Johnson	$241,000	+8.6%	2,776	+7.6%	0.30%	+1.0%
	Sell	H&R REIT	$209,000	-4.6%	10,147	-3.0%	0.26%	-11.4%
	Sell	Crombie REIT	$177,000	-8.3%	14,190	-4.4%	0.22%	-14.6%
	Exit	Partners REIT	$0	–	-28,480	–	-0.25%	–
UNTD	Exit	United Online Inc.	$0	–	-38,735	–	-0.40%	–
MNR	Exit	Monmouth Real Estate Investmen	$0	–	-37,370	–	-0.50%	–
	Exit	St. Gobain	$0	–	-10,240	–	-0.56%	–
APD	Exit	Air Products & Chemicals Inc.	$0	–	-4,950	–	-0.61%	–
J	Exit	Jacob Engineering Group	$0	–	-8,390	–	-0.63%	–
PX	Exit	Praxair, Inc.	$0	–	-5,940	–	-0.93%	–

Q2 2013

			Value		Shares		↓ Weighting
ADP	New	Automatic Data Processing Inc.	$1,791,000	–	26,005	–	2.42%	–
SHW	New	Sherwin-Williams Co.	$1,514,000	–	8,575	–	2.05%	–
BPL	New	Buckeye Partners LPunit ltd partn	$1,490,000	–	21,242	–	2.02%	–
PB	New	Prosperity Bancshares Inc.	$1,484,000	–	28,655	–	2.01%	–
HRL	New	Hormel Foods Corp.	$1,460,000	–	37,855	–	1.98%	–
FISV	New	Fiserv Inc.	$1,455,000	–	16,640	–	1.97%	–
EPD	New	Enterprise Products Partners Lunit ltd partn	$1,428,000	–	22,972	–	1.93%	–
CL	New	Colgate-Palmolive Co.	$1,418,000	–	24,750	–	1.92%	–
AVY	New	Avery Dennison Corp.	$1,378,000	–	32,225	–	1.87%	–
TCP	New	TC Pipelines LPunit ltd partn	$1,372,000	–	28,420	–	1.86%	–
HEINY	New	Heineken NV ADRadr	$1,336,000	–	41,935	–	1.81%	–
PAYX	New	Paychex, Inc.	$1,334,000	–	36,530	–	1.81%	–
NVS	New	Novartis AG ADRadr	$1,322,000	–	18,690	–	1.79%	–
PH	New	Parker Hannifin	$1,320,000	–	13,840	–	1.79%	–
BCR	New	C.R. Bard Inc.	$1,315,000	–	12,100	–	1.78%	–
DCP	New	DCP Midstream Partners LPunit ltd partn	$1,292,000	–	23,875	–	1.75%	–
4945SC	New	Kinder Morgan Energy Partnersunit ltd partn	$1,285,000	–	15,045	–	1.74%	–
GWW	New	Grainger, WW Inc.	$1,274,000	–	5,052	–	1.72%	–
SXL	New	Sunoco Logistic Partners LPunit ltd partn	$1,255,000	–	19,624	–	1.70%	–
CLX	New	The Clorox Company	$1,240,000	–	14,910	–	1.68%	–
ECL	New	Ecolab, Inc.	$1,225,000	–	14,380	–	1.66%	–
APU	New	Amerigas Partners LPunit ltd partn	$1,217,000	–	24,630	–	1.65%	–
MCD	New	McDonald's Corp.	$1,216,000	–	12,285	–	1.65%	–
SPH	New	Suburban Propane Partners LPunit ltd partn	$1,197,000	–	25,776	–	1.62%	–
NSC	New	Norfolk & Southern Corp.	$1,187,000	–	16,345	–	1.61%	–
OKS	New	Oneok Partners LPunit ltd partn	$1,186,000	–	23,960	–	1.61%	–
KMB	New	Kimberly-Clark Corp.	$1,175,000	–	12,100	–	1.59%	–
GSK	New	GlaxoSmithKline PLC ADRadr	$1,172,000	–	23,460	–	1.59%	–
ATR	New	Aptargroup, Inc.	$1,171,000	–	21,210	–	1.59%	–
GGG	New	Graco, Inc.	$1,134,000	–	17,935	–	1.54%	–
OMC	New	Omnicom Group	$1,127,000	–	17,920	–	1.53%	–
	New	Schneider Electric SA	$1,110,000	–	15,320	–	1.50%	–
PAA	New	Plains All American Pipeline Lunit ltd partn	$1,104,000	–	19,787	–	1.50%	–
MTD	New	Mettler-Toledo International,	$1,066,000	–	5,300	–	1.44%	–
PNG	New	PAA Natural Gas Storage LPunit ltd partn	$1,065,000	–	50,605	–	1.44%	–
CHD	New	Church & Dwight Co., Inc.	$1,059,000	–	17,160	–	1.43%	–
MMLP	New	Martin Midstream Partners LPunit ltd partn	$1,043,000	–	23,660	–	1.41%	–
BRC	New	Brady Corp.	$1,037,000	–	33,755	–	1.40%	–
EMR	New	Emerson Electric Co.	$1,032,000	–	18,925	–	1.40%	–
NGG	New	National Grid PLC ADSadr	$1,027,000	–	18,130	–	1.39%	–
MKC	New	McCormick & Co. Inc.	$1,026,000	–	14,585	–	1.39%	–
XOM	New	Exxon Mobil Corp.	$953,000	–	10,545	–	1.29%	–
GIS	New	General Mills Inc.	$953,000	–	19,635	–	1.29%	–
O	New	Realty Income Corp.	$946,000	–	22,555	–	1.28%	–
ITT	New	ITT Corp.	$864,000	–	29,375	–	1.17%	–
APC	New	Anadarko Petroleum Corp.	$860,000	–	10,005	–	1.16%	–
TD	New	Toronto Dominion Bank	$859,000	–	10,690	–	1.16%	–
BMS	New	Bemis Co. Inc.	$819,000	–	20,930	–	1.11%	–
M	New	Macy's, Inc.	$819,000	–	17,070	–	1.11%	–
	New	Tullow Oil PLC	$762,000	–	50,215	–	1.03%	–
BBEPQ	New	BrietBurn Energy Partners LPunit ltd partn	$761,000	–	41,700	–	1.03%	–
	New	Cominar REIT	$707,000	–	35,810	–	0.96%	–
UBA	New	Urstadt Biddle Properties A	$697,000	–	34,540	–	0.94%	–
PX	New	Praxair, Inc.	$684,000	–	5,940	–	0.93%	–
LECO	New	Lincoln Electric Holdings Inc.	$659,000	–	11,500	–	0.89%	–
INGR	New	Ingredion Inc.	$640,000	–	9,760	–	0.87%	–
BGS	New	B&G Foods Inc.	$612,000	–	17,980	–	0.83%	–
XYL	New	Xylem, Inc	$609,000	–	22,590	–	0.82%	–
	New	Commonwealth Bank of Australia	$565,000	–	8,920	–	0.76%	–
TTE	New	Total SA ADRadr	$544,000	–	11,170	–	0.74%	–
SSL	New	Sasol Ltd. ADRadr	$541,000	–	12,490	–	0.73%	–
MRO	New	Maranthon Oil Corp.	$517,000	–	14,955	–	0.70%	–
OXY	New	Occidental Petroleum Corp.	$486,000	–	5,450	–	0.66%	–
SBH	New	Sally Beauty Holdings Inc.	$472,000	–	15,190	–	0.64%	–
SNN	New	Smith & Nephew PLC	$467,000	–	8,320	–	0.63%	–
J	New	Jacob Engineering Group	$463,000	–	8,390	–	0.63%	–
APD	New	Air Products & Chemicals Inc.	$453,000	–	4,950	–	0.61%	–
SHPG	New	Shire PLC	$437,000	–	4,590	–	0.59%	–
TGP	New	Teekay LNG Partners LPunit ltd partn	$425,000	–	9,730	–	0.58%	–
	New	St. Gobain	$414,000	–	10,240	–	0.56%	–
	New	Vermilion Energy Trust	$402,000	–	8,250	–	0.54%	–
IMO	New	Imperial Oil Ltd.	$394,000	–	10,310	–	0.53%	–
MOH	New	Molina Healthcare Inc.	$380,000	–	10,215	–	0.52%	–
MNR	New	Monmouth Real Estate Investmen	$369,000	–	37,370	–	0.50%	–
OTEX	New	OpenText Corp.	$317,000	–	4,625	–	0.43%	–
UNTD	New	United Online Inc.	$294,000	–	38,735	–	0.40%	–
USPH	New	US Physical Therapy Inc.	$290,000	–	10,490	–	0.39%	–
HAS	New	Hasbro Inc.	$263,000	–	5,865	–	0.36%	–
JNJ	New	Johnson & Johnson	$222,000	–	2,580	–	0.30%	–
	New	H&R REIT	$219,000	–	10,463	–	0.30%	–
	New	Crombie REIT	$193,000	–	14,840	–	0.26%	–
	New	Partners REIT	$184,000	–	28,480	–	0.25%	–

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