Signature Financial Management, Inc. Activity Q4 2011-Q4 2018

Q4 2018

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$98,723,000	+18.7%	395,024	+38.1%	23.75%	+61.7%
XLF	Buy	SELECT SECTOR SPDR TRsbi int-finl	$30,456,000	-13.6%	1,278,569	+0.0%	7.33%	+17.6%
SCHE	Buy	SCHWAB STRATEGIC TRemrg mkteq etf	$30,429,000	+48.6%	1,293,148	+62.3%	7.32%	+102.3%
SON	New	SONOCO PRODS CO	$20,797,000	–	391,433	–	5.00%	–
SCHF	Buy	SCHWAB STRATEGIC TRintl eqty etf	$16,991,000	-6.4%	599,439	+10.7%	4.09%	+27.4%
ACWI	Sell	ISHARES TRmsci acwi etf	$16,899,000	-30.0%	263,434	-19.0%	4.06%	-4.8%
VT	Sell	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$15,839,000	-69.1%	241,897	-64.3%	3.81%	-58.0%
MUSA	Sell	MURPHY USA INC	$10,833,000	-65.3%	141,377	-61.2%	2.61%	-52.7%
BRKA	Buy	BERKSHIRE HATHAWAY INC DELcl a	$10,710,000	+33.9%	35	+40.0%	2.58%	+82.3%
MUR	Sell	MURPHY OIL CORP	$10,389,000	-77.6%	444,154	-68.1%	2.50%	-69.5%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$9,523,000	-6.8%	46,651	-2.2%	2.29%	+26.9%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$7,044,000	-15.1%	55,228	-0.4%	1.69%	+15.6%
SCHD	Sell	SCHWAB STRATEGIC TRus dividend eq	$6,752,000	-38.4%	143,772	-30.5%	1.62%	-16.2%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$6,630,000	+29.0%	174,018	+38.7%	1.60%	+75.7%
SPGI	Buy	S&P GLOBAL INC	$6,067,000	-12.9%	35,698	+0.1%	1.46%	+18.5%
SCHB	Buy	SCHWAB STRATEGIC TRus brd mkt etf	$5,509,000	-0.2%	91,949	+17.3%	1.32%	+35.9%
MA	Buy	MASTERCARD INCORPORATEDcl a	$4,424,000	-14.9%	23,452	+0.4%	1.06%	+15.9%
HRL	Sell	HORMEL FOODS CORP	$4,009,000	+8.1%	93,940	-0.2%	0.96%	+47.2%
MSFT	Sell	MICROSOFT CORP	$3,497,000	-70.3%	34,439	-66.5%	0.84%	-59.6%
PCH	Sell	POTLATCHDELTIC CORPORATION	$3,416,000	-61.1%	107,945	-49.6%	0.82%	-47.0%
IEFA	Buy	ISHARES TRcore msci eafe	$2,870,000	+11.7%	52,166	+30.0%	0.69%	+52.0%
GOOG	Sell	ALPHABET INCcap stk cl c	$2,766,000	-14.3%	2,669	-1.3%	0.66%	+16.7%
AAPL	Buy	APPLE INC	$2,352,000	-25.9%	14,898	+6.0%	0.57%	+0.9%
VOO	Buy	VANGUARD INDEX FDS	$2,327,000	+9.5%	10,122	+27.2%	0.56%	+49.3%
GOOGL	Sell	ALPHABET INCcap stk cl a	$2,059,000	-14.1%	1,973	-0.7%	0.50%	+16.7%
WFC	Sell	WELLS FARGO CO NEW	$1,836,000	-13.6%	39,809	-1.6%	0.44%	+17.9%
INTC	Sell	INTEL CORP	$1,623,000	-11.5%	34,592	-10.8%	0.39%	+20.4%
MKL	Sell	MARKEL CORP	$1,554,000	-82.5%	1,497	-79.9%	0.37%	-76.1%
JNJ	Sell	JOHNSON & JOHNSON	$1,531,000	-68.8%	11,876	-66.6%	0.37%	-57.6%
JPM	Sell	JPMORGAN CHASE & CO	$1,518,000	-18.9%	15,522	-6.5%	0.36%	+10.3%
NSC	Sell	NORFOLK SOUTHERN CORP	$1,407,000	-72.3%	9,405	-66.5%	0.34%	-62.3%
XOM	Sell	EXXON MOBIL CORP	$1,373,000	-59.6%	20,146	-49.5%	0.33%	-45.0%
VTV	Buy	VANGUARD INDEX FDSvalue etf	$1,353,000	+123.6%	13,803	+152.5%	0.32%	+203.7%
VUG	Buy	VANGUARD INDEX FDSgrowth etf	$1,327,000	+35.1%	9,880	+62.1%	0.32%	+84.4%
AMZN	Sell	AMAZON COM INC	$1,271,000	-25.3%	845	-0.6%	0.31%	+1.7%
KYN	Sell	KAYNE ANDERSN MLP MIDS INVT	$1,191,000	-56.1%	86,572	-43.1%	0.29%	-40.2%
PG	Sell	PROCTER AND GAMBLE CO	$1,049,000	-56.0%	11,397	-60.2%	0.25%	-40.3%
IEMG	Buy	ISHARES INCcore msci emkt	$1,033,000	+13.5%	21,934	+24.7%	0.25%	+54.0%
DHR	Sell	DANAHER CORP DEL	$930,000	-62.8%	9,019	-60.8%	0.22%	-49.3%
PFE	Sell	PFIZER INC	$920,000	-70.6%	21,089	-70.3%	0.22%	-60.0%
KO	Sell	COCA COLA CO	$907,000	+2.1%	19,172	-0.4%	0.22%	+38.9%
MRK	Sell	MERCK & CO INC	$838,000	-62.8%	10,958	-65.6%	0.20%	-49.2%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$789,000	+18.3%	12,722	+43.6%	0.19%	+61.0%
GIL	Sell	GILDAN ACTIVEWEAR INC	$768,000	-20.8%	25,282	-20.7%	0.18%	+8.2%
DIS	Buy	DISNEY WALT CO	$763,000	-3.8%	6,961	+2.5%	0.18%	+31.4%
UTX	Sell	UNITED TECHNOLOGIES CORP	$697,000	-24.1%	6,550	-0.4%	0.17%	+3.7%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$681,000	-32.8%	5,994	-10.6%	0.16%	-8.4%
VEU	Buy	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$672,000	+198.7%	14,714	+240.2%	0.16%	+305.0%
CSCO	Sell	CISCO SYS INC	$638,000	-13.9%	14,730	-3.5%	0.15%	+16.8%
IVV	Sell	ISHARES TRcore s&p500 etf	$577,000	-16.3%	2,289	-3.0%	0.14%	+13.9%
VZ	Sell	VERIZON COMMUNICATIONS INC	$571,000	-1.7%	10,202	-6.4%	0.14%	+33.0%
MMM	Sell	3M CO	$566,000	-85.9%	2,970	-84.4%	0.14%	-80.8%
FTV	Sell	FORTIVE CORP	$565,000	-59.5%	8,354	-49.6%	0.14%	-44.7%
GS	Sell	GOLDMAN SACHS GROUP INC	$529,000	-26.2%	3,167	-1.1%	0.13%	0.0%
VIG	New	VANGUARD GROUPdiv app etf	$521,000	–	5,315	–	0.12%	–
IJH	Sell	ISHARES TRcore s&p mcp etf	$502,000	-62.8%	3,026	-54.9%	0.12%	-49.4%
NKE	Sell	NIKE INCcl b	$498,000	-13.1%	6,710	-0.7%	0.12%	+18.8%
EFA	Sell	ISHARES TRmsci eafe etf	$496,000	-56.8%	8,449	-49.9%	0.12%	-41.4%
ET	Buy	ENERGY TRANSFER LP	$495,000	-10.3%	37,445	+18.3%	0.12%	+21.4%
BAC	Buy	BANK AMER CORP	$430,000	+26.5%	17,399	+51.1%	0.10%	+71.7%
PEP	Sell	PEPSICO INC	$385,000	-2.5%	3,502	-0.7%	0.09%	+32.9%
ABT	Sell	ABBOTT LABS	$369,000	-12.6%	5,111	-11.3%	0.09%	+18.7%
BBT	Buy	BB&T CORP	$346,000	+6.5%	7,981	+18.9%	0.08%	+45.6%
MO	Buy	ALTRIA GROUP INC	$347,000	-17.8%	7,013	+0.1%	0.08%	+10.7%
WMT	Sell	WALMART INC	$338,000	-7.1%	3,620	-6.6%	0.08%	+26.6%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$338,000	-88.2%	6,502	-85.9%	0.08%	-84.0%
DE	Sell	DEERE & CO	$333,000	-46.7%	2,227	-46.4%	0.08%	-27.3%
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$320,000	–	3,682	–	0.08%	–
ABBV	Buy	ABBVIE INC	$318,000	+6.0%	3,457	+9.5%	0.08%	+43.4%
AGG	Sell	ISHARES TRcore us aggbd et	$317,000	-72.3%	2,995	-72.4%	0.08%	-62.4%
DWDP	Sell	DOWDUPONT INC	$314,000	-42.5%	5,866	-30.8%	0.08%	-20.8%
D	Sell	DOMINION ENERGY INC	$312,000	-52.7%	4,353	-53.6%	0.08%	-35.3%
VB	Buy	VANGUARD INDEX FDSsmall cp etf	$307,000	-17.9%	2,319	+0.9%	0.07%	+12.1%
VO	Buy	VANGUARD INDEX FDSmid cap etf	$300,000	-15.3%	2,175	+1.0%	0.07%	+14.3%
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$299,000	–	3,018	–	0.07%	–
CAT	Buy	CATERPILLAR INC DEL	$300,000	+20.0%	2,344	+42.6%	0.07%	+63.6%
FB	Sell	FACEBOOK INCcl a	$301,000	-23.2%	2,290	-4.2%	0.07%	+4.3%
ABCB	Sell	AMERIS BANCORP	$293,000	-34.7%	9,263	-5.7%	0.07%	-11.4%
SO	New	SOUTHERN CO	$278,000	–	6,323	–	0.07%	–
ECL	Buy	ECOLAB INC	$275,000	-3.5%	1,869	+2.7%	0.07%	+32.0%
COP	Buy	CONOCOPHILLIPS	$276,000	-18.1%	4,440	+2.3%	0.07%	+10.0%
HD	Sell	HOME DEPOT INC	$276,000	-26.0%	1,601	-11.3%	0.07%	0.0%
T	Buy	AT&T INC	$261,000	-12.7%	9,095	+2.4%	0.06%	+18.9%
UNH	Sell	UNITEDHEALTH GROUP INC	$255,000	-41.8%	1,022	-37.7%	0.06%	-20.8%
DESP	New	DESPEGAR COM CORP	$230,000	–	18,533	–	0.06%	–
RTN	Buy	RAYTHEON CO	$225,000	-0.4%	1,463	+34.0%	0.05%	+35.0%
PM	Buy	PHILIP MORRIS INTL INC	$217,000	-17.8%	3,252	+0.2%	0.05%	+10.6%
GE	Sell	GENERAL ELECTRIC CO	$156,000	-82.5%	20,225	-74.4%	0.04%	-75.8%
SUM	New	SUMMIT MATLS INCcl a	$124,000	–	10,000	–	0.03%	–
DFFN	Exit	DIFFUSION PHARMACEUTICALS IN	$0	–	-12,350	–	-0.00%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-2,000	–	-0.04%	–
HCSG	Exit	HEALTHCARE SVCS GRP INC	$0	–	-5,000	–	-0.04%	–
OKE	Exit	ONEOK INC NEW	$0	–	-3,131	–	-0.04%	–
TGT	Exit	TARGET CORP	$0	–	-2,357	–	-0.04%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-2,889	–	-0.04%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-5,007	–	-0.04%	–
IWN	Exit	ISHARES TRrus 2000 val etf	$0	–	-1,625	–	-0.04%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-2,294	–	-0.04%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-8,715	–	-0.04%	–
C	Exit	CITIGROUP INC	$0	–	-3,058	–	-0.04%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-1,110	–	-0.04%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-2,600	–	-0.04%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-5,032	–	-0.04%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDGS INC	$0	–	-4,000	–	-0.04%	–
HY	Exit	HYSTER YALE MATLS HANDLING Icl a	$0	–	-3,705	–	-0.04%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-5,335	–	-0.04%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-3,111	–	-0.04%	–
DOV	Exit	DOVER CORP	$0	–	-2,740	–	-0.04%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-1,832	–	-0.05%	–
PSX	Exit	PHILLIPS 66	$0	–	-2,310	–	-0.05%	–
AON	Exit	AON PLC	$0	–	-1,789	–	-0.05%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-2,772	–	-0.05%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-3,966	–	-0.06%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-4,892	–	-0.06%	–
WU	Exit	WESTERN UN CO	$0	–	-20,336	–	-0.07%	–
INTU	Exit	INTUIT	$0	–	-1,780	–	-0.07%	–
IR	Exit	INGERSOLL-RAND PLC	$0	–	-4,121	–	-0.07%	–
AZO	Exit	AUTOZONE INC	$0	–	-547	–	-0.08%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-16,635	–	-0.08%	–
ASTE	Exit	ASTEC INDS INC	$0	–	-10,000	–	-0.09%	–
FIZZ	Exit	NATIONAL BEVERAGE CORP	$0	–	-4,350	–	-0.09%	–
HUBB	Exit	HUBBELL INC	$0	–	-4,266	–	-0.10%	–
LOW	Exit	LOWES COS INC	$0	–	-5,241	–	-0.11%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-10,177	–	-0.12%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-7,916	–	-0.14%	–
XLNX	Exit	XILINX INC	$0	–	-10,600	–	-0.15%	–
AMGN	Exit	AMGEN INC	$0	–	-8,530	–	-0.31%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-214,808	–	-0.43%	–
USB	Exit	US BANCORP DEL	$0	–	-53,857	–	-0.50%	–
VPL	Exit	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$0	–	-156,461	–	-1.96%	–

Q3 2018

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$83,142,000	+7.1%	285,990	-0.0%	14.69%	-10.5%
VT	Buy	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$51,341,000	+4.0%	677,065	+0.6%	9.07%	-13.1%
MUR	Buy	MURPHY OIL CORP	$46,398,000	+419.3%	1,391,631	+426.0%	8.20%	+334.0%
XLF	Buy	SELECT SECTOR SPDR TRsbi int-finl	$35,263,000	+10.2%	1,278,564	+6.2%	6.23%	-7.9%
MUSA	Buy	MURPHY USA INC	$31,176,000	+407.0%	364,791	+340.6%	5.51%	+323.7%
ACWI	Buy	ISHARES TRmsci acwi etf	$24,156,000	+169.1%	325,302	+157.8%	4.27%	+124.9%
SCHE	Sell	SCHWAB STRATEGIC TRemrg mkteq etf	$20,482,000	-38.9%	796,648	-38.5%	3.62%	-48.9%
SCHF	Sell	SCHWAB STRATEGIC TRintl eqty etf	$18,153,000	+0.5%	541,730	-0.8%	3.21%	-16.0%
MSFT	Sell	MICROSOFT CORP	$11,777,000	+15.7%	102,951	-0.2%	2.08%	-3.3%
SCHD	Buy	SCHWAB STRATEGIC TRus dividend eq	$10,966,000	+14.6%	206,934	+6.6%	1.94%	-4.3%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$10,214,000	+15.8%	47,702	+1.0%	1.80%	-3.2%
PCH	Buy	POTLATCHDELTIC CORPORATION	$8,773,000	+149.2%	214,259	+209.5%	1.55%	+108.1%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$8,295,000	+4.8%	55,426	-1.6%	1.47%	-12.4%
BRKA	Sell	BERKSHIRE HATHAWAY INC DELcl a	$8,000,000	+9.1%	25	-3.8%	1.41%	-8.9%
SPGI	Buy	S&P GLOBAL INC	$6,965,000	-4.1%	35,649	+0.1%	1.23%	-19.8%
SCHB	Sell	SCHWAB STRATEGIC TRus brd mkt etf	$5,519,000	-1.0%	78,380	-7.2%	0.98%	-17.2%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$5,141,000	-1.2%	125,426	+1.7%	0.91%	-17.5%
NSC	Sell	NORFOLK SOUTHERN CORP	$5,072,000	+19.1%	28,100	-0.5%	0.90%	-0.6%
JNJ	Sell	JOHNSON & JOHNSON	$4,911,000	+13.7%	35,538	-0.2%	0.87%	-4.9%
MMM	Buy	3M CO	$4,018,000	+7.3%	19,054	+0.1%	0.71%	-10.4%
HRL	Sell	HORMEL FOODS CORP	$3,709,000	+4.4%	94,140	-1.4%	0.66%	-12.8%
CMCSA	Sell	COMCAST CORP NEWcl a	$3,501,000	+7.8%	98,854	-0.2%	0.62%	-9.9%
XOM	Sell	EXXON MOBIL CORP	$3,395,000	-2.1%	39,921	-4.8%	0.60%	-18.3%
AAPL	Sell	APPLE INC	$3,173,000	+20.4%	14,055	-1.3%	0.56%	+0.7%
PFE	Sell	PFIZER INC	$3,130,000	+21.4%	71,026	-0.2%	0.55%	+1.5%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$2,860,000	+12.3%	46,072	+0.1%	0.50%	-6.1%
KYN	Buy	KAYNE ANDERSN MLP MIDS INVT	$2,716,000	-4.7%	152,215	+0.5%	0.48%	-20.4%
DHR	Sell	DANAHER CORP DEL	$2,502,000	+6.5%	23,027	-3.3%	0.44%	-11.1%
IAU	Buy	ISHARES GOLD TRUSTishares	$2,455,000	-4.3%	214,808	+0.6%	0.43%	-20.1%
PG	Sell	PROCTER AND GAMBLE CO	$2,386,000	+6.3%	28,661	-0.1%	0.42%	-11.2%
MRK	Buy	MERCK & CO INC	$2,255,000	+16.8%	31,832	+0.1%	0.40%	-2.5%
WFC	Sell	WELLS FARGO CO NEW	$2,125,000	-5.8%	40,436	-0.6%	0.38%	-21.4%
VOO	Buy	VANGUARD INDEX FDS	$2,125,000	+8.3%	7,960	+1.2%	0.38%	-9.6%
INTC	Buy	INTEL CORP	$1,834,000	-4.6%	38,779	+0.2%	0.32%	-20.2%
AMGN	Buy	AMGEN INC	$1,767,000	+12.3%	8,530	+0.0%	0.31%	-6.3%
AMZN	Buy	AMAZON COM INC	$1,702,000	+18.6%	850	+0.6%	0.30%	-0.7%
TOWN	Sell	TOWNEBANK PORTSMOUTH VA	$1,554,000	-18.2%	50,358	-14.9%	0.28%	-31.6%
EFA	Buy	ISHARES TRmsci eafe etf	$1,147,000	+2.2%	16,870	+0.7%	0.20%	-14.3%
AGG	Buy	ISHARES TRcore us aggbd et	$1,143,000	+18.2%	10,843	+19.0%	0.20%	-1.0%
LNC	Sell	LINCOLN NATL CORP IND	$1,015,000	-5.8%	15,000	-13.3%	0.18%	-21.5%
IEMG	Buy	ISHARES INCcore msci emkt	$910,000	-0.8%	17,589	+0.7%	0.16%	-17.0%
GE	Buy	GENERAL ELECTRIC CO	$890,000	+6.0%	78,992	+27.2%	0.16%	-11.8%
DIS	Buy	DISNEY WALT CO	$793,000	+11.4%	6,793	+0.0%	0.14%	-7.3%
MDT	Sell	MEDTRONIC PLC	$781,000	+10.0%	7,916	-4.6%	0.14%	-8.0%
CSCO	Sell	CISCO SYS INC	$741,000	+5.1%	15,258	-6.8%	0.13%	-12.1%
IVV	Buy	ISHARES TRcore s&p500 etf	$689,000	+10.1%	2,359	+2.9%	0.12%	-7.6%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$667,000	+8.5%	8,858	+0.1%	0.12%	-9.2%
D	Sell	DOMINION ENERGY INC	$659,000	-4.1%	9,380	-6.9%	0.12%	-20.0%
LOW	Sell	LOWES COS INC	$603,000	+19.4%	5,241	-0.9%	0.11%	0.0%
VZ	Sell	VERIZON COMMUNICATIONS INC	$581,000	-21.2%	10,904	-25.4%	0.10%	-34.0%
NKE	Sell	NIKE INCcl b	$573,000	+5.5%	6,760	-0.9%	0.10%	-12.2%
ET	Buy	ENERGY TRANSFER EQUITY L P	$552,000	+2.0%	31,656	+1.0%	0.10%	-14.0%
DWDP	Sell	DOWDUPONT INC	$546,000	-6.2%	8,482	-4.1%	0.10%	-22.0%
ASTE	Sell	ASTEC INDS INC	$504,000	-31.1%	10,000	-18.2%	0.09%	-42.6%
EPD	Buy	ENTERPRISE PRODS PARTNERS L	$478,000	+62.0%	16,635	+56.0%	0.08%	+35.5%
MO	Sell	ALTRIA GROUP INC	$422,000	+4.2%	7,008	-2.2%	0.08%	-12.8%
PEP	Buy	PEPSICO INC	$395,000	+7.3%	3,527	+4.0%	0.07%	-10.3%
VB	Buy	VANGUARD INDEX FDSsmall cp etf	$374,000	+8.7%	2,299	+4.0%	0.07%	-9.6%
VRSK	Sell	VERISK ANALYTICS INC	$350,000	+6.4%	2,902	-5.0%	0.06%	-11.4%
BAC	Sell	BANK AMER CORP	$340,000	-1.2%	11,516	-6.1%	0.06%	-17.8%
HCA	Sell	HCA HEALTHCARE INC	$335,000	+10.9%	2,410	-18.2%	0.06%	-7.8%
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$330,000	–	4,892	–	0.06%	–
DUK	Buy	DUKE ENERGY CORP NEW	$317,000	+5.3%	3,966	+4.4%	0.06%	-12.5%
HON	Buy	HONEYWELL INTL INC	$309,000	+18.4%	1,857	+2.1%	0.06%	0.0%
T	Sell	AT&T INC	$299,000	+4.5%	8,878	-0.5%	0.05%	-11.7%
PM	Buy	PHILIP MORRIS INTL INC	$264,000	+0.8%	3,247	+0.2%	0.05%	-14.5%
KRP	Buy	KIMBELL RTY PARTNERS LPunit	$262,000	+0.8%	13,344	+12.9%	0.05%	-16.4%
GILD	Sell	GILEAD SCIENCES INC	$240,000	+7.1%	3,111	-2.0%	0.04%	-10.6%
VTEB	New	VANGUARD MUN BD FD INCtax exempt bd	$230,000	–	4,562	–	0.04%	–
HY	Sell	HYSTER YALE MATLS HANDLING Icl a	$228,000	-8.8%	3,705	-4.9%	0.04%	-24.5%
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$218,000	–	8,715	–	0.04%	–
MDLZ	Buy	MONDELEZ INTL INCcl a	$214,000	+4.4%	5,007	+0.0%	0.04%	-11.6%
TGT	New	TARGET CORP	$208,000	–	2,357	–	0.04%	–
OKE	New	ONEOK INC NEW	$212,000	–	3,131	–	0.04%	–
ALB	New	ALBEMARLE CORP	$200,000	–	2,000	–	0.04%	–
TCBI	Exit	TEXAS CAPITAL BANCSHARES INC	$0	–	-2,250	–	-0.04%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-4,000	–	-0.04%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-1,500	–	-0.04%	–
RES	Exit	RPC INC	$0	–	-14,455	–	-0.04%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-1,161	–	-0.05%	–
FSTR	Exit	FOSTER L B CO	$0	–	-11,300	–	-0.06%	–
FLIC	Exit	FIRST LONG IS CORP	$0	–	-10,654	–	-0.06%	–
VIG	Exit	VANGUARD GROUPdiv app etf	$0	–	-2,720	–	-0.06%	–
APOG	Exit	APOGEE ENTERPRISES INC	$0	–	0	–	-0.07%	–
GRC	Exit	GORMAN RUPP CO	$0	–	-10,000	–	-0.07%	–
BMI	Exit	BADGER METER INC	$0	–	-7,850	–	-0.07%	–
SAFM	Exit	SANDERSON FARMS INC	$0	–	-3,550	–	-0.08%	–
J	Exit	JACOBS ENGR GROUP INC DEL	$0	–	-10,000	–	-0.13%	–

Q2 2018

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$77,600,000	–	286,052	–	16.41%	–
VT	New	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$49,383,000	–	673,086	–	10.44%	–
SCHE	New	SCHWAB STRATEGIC TRemrg mkteq etf	$33,527,000	–	1,294,950	–	7.09%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$32,003,000	–	1,203,562	–	6.77%	–
HEWJ	New	ISHARES TRhdg msci japan	$24,848,000	–	770,483	–	5.25%	–
SCHF	New	SCHWAB STRATEGIC TRintl eqty etf	$18,056,000	–	546,151	–	3.82%	–
VPL	New	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$10,949,000	–	156,461	–	2.32%	–
MSFT	New	MICROSOFT CORP	$10,177,000	–	103,189	–	2.15%	–
SCHD	New	SCHWAB STRATEGIC TRus dividend eq	$9,570,000	–	194,096	–	2.02%	–
ACWI	New	ISHARES TRmsci acwi etf	$8,977,000	–	126,198	–	1.90%	–
MUR	New	MURPHY OIL CORP	$8,935,000	–	264,550	–	1.89%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$8,821,000	–	47,242	–	1.86%	–
MKL	New	MARKEL CORP	$8,081,000	–	7,453	–	1.71%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$7,915,000	–	56,347	–	1.67%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$7,333,000	–	26	–	1.55%	–
SPGI	New	S&P GLOBAL INC	$7,261,000	–	35,611	–	1.54%	–
MUSA	New	MURPHY USA INC	$6,149,000	–	82,791	–	1.30%	–
SCHB	New	SCHWAB STRATEGIC TRus brd mkt etf	$5,573,000	–	84,448	–	1.18%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$5,206,000	–	123,387	–	1.10%	–
MA	New	MASTERCARD INCORPORATEDcl a	$4,589,000	–	23,352	–	0.97%	–
JNJ	New	JOHNSON & JOHNSON	$4,318,000	–	35,614	–	0.91%	–
NSC	New	NORFOLK SOUTHERN CORP	$4,259,000	–	28,232	–	0.90%	–
MMM	New	3M CO	$3,745,000	–	19,028	–	0.79%	–
HRL	New	HORMEL FOODS CORP	$3,553,000	–	95,484	–	0.75%	–
PCH	New	POTLATCHDELTIC CORPORATION	$3,521,000	–	69,232	–	0.74%	–
XOM	New	EXXON MOBIL CORP	$3,469,000	–	41,951	–	0.73%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,249,000	–	99,004	–	0.69%	–
GOOG	New	ALPHABET INCcap stk cl c	$3,018,000	–	2,704	–	0.64%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$2,851,000	–	151,391	–	0.60%	–
USB	New	US BANCORP DEL	$2,692,000	–	53,857	–	0.57%	–
AAPL	New	APPLE INC	$2,635,000	–	14,233	–	0.56%	–
PFE	New	PFIZER INC	$2,578,000	–	71,138	–	0.54%	–
IAU	New	ISHARES GOLD TRUSTishares	$2,566,000	–	213,492	–	0.54%	–
IEFA	New	ISHARES TRcore msci eafe	$2,542,000	–	40,120	–	0.54%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$2,546,000	–	46,006	–	0.54%	–
DHR	New	DANAHER CORP DEL	$2,350,000	–	23,822	–	0.50%	–
TY	New	TRI CONTL CORP	$2,283,000	–	86,114	–	0.48%	–
WFC	New	WELLS FARGO CO NEW	$2,255,000	–	40,683	–	0.48%	–
PG	New	PROCTER AND GAMBLE CO	$2,245,000	–	28,703	–	0.48%	–
GOOGL	New	ALPHABET INCcap stk cl a	$2,244,000	–	1,987	–	0.47%	–
VOO	New	VANGUARD INDEX FDS	$1,963,000	–	7,869	–	0.42%	–
MRK	New	MERCK & CO INC	$1,930,000	–	31,814	–	0.41%	–
INTC	New	INTEL CORP	$1,922,000	–	38,692	–	0.41%	–
TOWN	New	TOWNEBANK PORTSMOUTH VA	$1,900,000	–	59,198	–	0.40%	–
JPM	New	JPMORGAN CHASE & CO	$1,729,000	–	16,598	–	0.37%	–
GVA	New	GRANITE CONSTR INC	$1,614,000	–	28,990	–	0.34%	–
AMGN	New	AMGEN INC	$1,574,000	–	8,527	–	0.33%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$1,530,000	–	29,934	–	0.32%	–
AMZN	New	AMAZON COM INC	$1,435,000	–	845	–	0.30%	–
IJH	New	ISHARES TRcore s&p mcp etf	$1,306,000	–	6,706	–	0.28%	–
FTV	New	FORTIVE CORP	$1,278,000	–	16,560	–	0.27%	–
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$1,234,000	–	28,759	–	0.26%	–
EFA	New	ISHARES TRmsci eafe etf	$1,122,000	–	16,758	–	0.24%	–
LNC	New	LINCOLN NATL CORP IND	$1,077,000	–	17,303	–	0.23%	–
UDR	New	UDR INC	$1,056,000	–	28,122	–	0.22%	–
AGG	New	ISHARES TRcore us aggbd et	$967,000	–	9,108	–	0.20%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$936,000	–	6,704	–	0.20%	–
IEMG	New	ISHARES INCcore msci emkt	$917,000	–	17,465	–	0.19%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$913,000	–	6,096	–	0.19%	–
GIL	New	GILDAN ACTIVEWEAR INC	$898,000	–	31,874	–	0.19%	–
MCD	New	MCDONALDS CORP	$860,000	–	5,495	–	0.18%	–
KO	New	COCA COLA CO	$843,000	–	19,247	–	0.18%	–
GE	New	GENERAL ELECTRIC CO	$840,000	–	62,083	–	0.18%	–
UTX	New	UNITED TECHNOLOGIES CORP	$823,000	–	6,575	–	0.17%	–
ATVI	New	ACTIVISION BLIZZARD INC	$768,000	–	10,061	–	0.16%	–
VZ	New	VERIZON COMMUNICATIONS INC	$737,000	–	14,615	–	0.16%	–
ASTE	New	ASTEC INDS INC	$731,000	–	12,229	–	0.16%	–
FELE	New	FRANKLIN ELEC INC	$722,000	–	16,000	–	0.15%	–
DIS	New	DISNEY WALT CO	$712,000	–	6,791	–	0.15%	–
MDT	New	MEDTRONIC PLC	$710,000	–	8,296	–	0.15%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$705,000	–	10,177	–	0.15%	–
CSCO	New	CISCO SYS INC	$705,000	–	16,363	–	0.15%	–
GS	New	GOLDMAN SACHS GROUP INC	$706,000	–	3,202	–	0.15%	–
XLNX	New	XILINX INC	$692,000	–	10,600	–	0.15%	–
D	New	DOMINION ENERGY INC	$687,000	–	10,072	–	0.14%	–
RHT	New	RED HAT INC	$678,000	–	5,048	–	0.14%	–
IJR	New	ISHARES TRcore s&p scp etf	$666,000	–	7,992	–	0.14%	–
J	New	JACOBS ENGR GROUP INC DEL	$635,000	–	10,000	–	0.13%	–
IVV	New	ISHARES TRcore s&p500 etf	$626,000	–	2,293	–	0.13%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$615,000	–	8,853	–	0.13%	–
DE	New	DEERE & CO	$581,000	–	4,154	–	0.12%	–
DWDP	New	DOWDUPONT INC	$582,000	–	8,841	–	0.12%	–
VTV	New	VANGUARD INDEX FDSvalue etf	$568,000	–	5,466	–	0.12%	–
FDX	New	FEDEX CORP	$550,000	–	2,421	–	0.12%	–
NKE	New	NIKE INCcl b	$543,000	–	6,820	–	0.12%	–
ET	New	ENERGY TRANSFER EQUITY L P	$541,000	–	31,352	–	0.11%	–
ABCB	New	AMERIS BANCORP	$524,000	–	9,824	–	0.11%	–
LOW	New	LOWES COS INC	$505,000	–	5,287	–	0.11%	–
FIZZ	New	NATIONAL BEVERAGE CORP	$465,000	–	4,350	–	0.10%	–
FB	New	FACEBOOK INCcl a	$465,000	–	2,390	–	0.10%	–
EMR	New	EMERSON ELEC CO	$460,000	–	6,633	–	0.10%	–
HUBB	New	HUBBELL INC	$452,000	–	4,266	–	0.10%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$428,000	–	5,015	–	0.09%	–
PNC	New	PNC FINL SVCS GROUP INC	$419,000	–	3,100	–	0.09%	–
WU	New	WESTERN UN CO	$413,000	–	20,336	–	0.09%	–
ANTM	New	ANTHEM INC	$413,000	–	1,732	–	0.09%	–
MO	New	ALTRIA GROUP INC	$405,000	–	7,163	–	0.09%	–
UNH	New	UNITEDHEALTH GROUP INC	$402,000	–	1,640	–	0.08%	–
SAFM	New	SANDERSON FARMS INC	$373,000	–	3,550	–	0.08%	–
IR	New	INGERSOLL-RAND PLC	$371,000	–	4,121	–	0.08%	–
MUB	New	ISHARES TRnational mun etf	$371,000	–	3,406	–	0.08%	–
PEP	New	PEPSICO INC	$368,000	–	3,391	–	0.08%	–
INTU	New	INTUIT	$364,000	–	1,780	–	0.08%	–
AZO	New	AUTOZONE INC	$366,000	–	547	–	0.08%	–
HD	New	HOME DEPOT INC	$353,000	–	1,805	–	0.08%	–
BMI	New	BADGER METER INC	$351,000	–	7,850	–	0.07%	–
ABT	New	ABBOTT LABS	$352,000	–	5,762	–	0.07%	–
GRC	New	GORMAN RUPP CO	$350,000	–	10,000	–	0.07%	–
BAC	New	BANK AMER CORP	$344,000	–	12,267	–	0.07%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$344,000	–	2,210	–	0.07%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$339,000	–	2,154	–	0.07%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$341,000	–	4,522	–	0.07%	–
BBT	New	BB&T CORP	$337,000	–	6,712	–	0.07%	–
APOG	New	APOGEE ENTERPRISES INC	$335,000	–	0	–	0.07%	–
VRSK	New	VERISK ANALYTICS INC	$329,000	–	3,055	–	0.07%	–
WMT	New	WALMART INC	$332,000	–	3,875	–	0.07%	–
TXN	New	TEXAS INSTRS INC	$306,000	–	2,772	–	0.06%	–
ATOM	New	ATOMERA INC	$305,000	–	49,800	–	0.06%	–
DUK	New	DUKE ENERGY CORP NEW	$301,000	–	3,800	–	0.06%	–
HCA	New	HCA HEALTHCARE INC	$302,000	–	2,945	–	0.06%	–
COP	New	CONOCOPHILLIPS	$303,000	–	4,340	–	0.06%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$295,000	–	10,661	–	0.06%	–
ABBV	New	ABBVIE INC	$293,000	–	3,157	–	0.06%	–
CBRE	New	CBRE GROUP INCcl a	$285,000	–	5,960	–	0.06%	–
T	New	AT&T INC	$286,000	–	8,920	–	0.06%	–
CBS	New	CBS CORP NEWcl b	$282,000	–	5,012	–	0.06%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$274,000	–	2,209	–	0.06%	–
ALL	New	ALLSTATE CORP	$276,000	–	3,026	–	0.06%	–
VIG	New	VANGUARD GROUPdiv app etf	$276,000	–	2,720	–	0.06%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$268,000	–	3,680	–	0.06%	–
FLIC	New	FIRST LONG IS CORP	$265,000	–	10,654	–	0.06%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$262,000	–	2,600	–	0.06%	–
HON	New	HONEYWELL INTL INC	$261,000	–	1,818	–	0.06%	–
FSTR	New	FOSTER L B CO	$259,000	–	11,300	–	0.06%	–
KRP	New	KIMBELL RTY PARTNERS LPunit	$260,000	–	11,817	–	0.06%	–
PM	New	PHILIP MORRIS INTL INC	$262,000	–	3,241	–	0.06%	–
PSX	New	PHILLIPS 66	$259,000	–	2,310	–	0.06%	–
ECL	New	ECOLAB INC	$255,000	–	1,819	–	0.05%	–
ITW	New	ILLINOIS TOOL WKS INC	$254,000	–	1,832	–	0.05%	–
CERN	New	CERNER CORP	$251,000	–	4,198	–	0.05%	–
HY	New	HYSTER YALE MATLS HANDLING Icl a	$250,000	–	3,895	–	0.05%	–
AON	New	AON PLC	$245,000	–	1,789	–	0.05%	–
GIS	New	GENERAL MLS INC	$245,000	–	5,540	–	0.05%	–
EEM	New	ISHARES TRmsci emg mkt etf	$232,000	–	5,335	–	0.05%	–
NCLH	New	NORWEGIAN CRUISE LINE HLDG L	$232,000	–	4,915	–	0.05%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$224,000	–	4,325	–	0.05%	–
CAT	New	CATERPILLAR INC DEL	$224,000	–	1,644	–	0.05%	–
GILD	New	GILEAD SCIENCES INC	$224,000	–	3,174	–	0.05%	–
HCSG	New	HEALTHCARE SVCS GRP INC	$216,000	–	5,000	–	0.05%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$216,000	–	1,161	–	0.05%	–
AXP	New	AMERICAN EXPRESS CO	$219,000	–	2,232	–	0.05%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$212,000	–	2,889	–	0.04%	–
COF	New	CAPITAL ONE FINL CORP	$211,000	–	2,294	–	0.04%	–
RTN	New	RAYTHEON CO	$211,000	–	1,092	–	0.04%	–
RES	New	RPC INC	$211,000	–	14,455	–	0.04%	–
EA	New	ELECTRONIC ARTS INC	$212,000	–	1,500	–	0.04%	–
IWN	New	ISHARES TRrus 2000 val etf	$214,000	–	1,625	–	0.04%	–
TCBI	New	TEXAS CAPITAL BANCSHARES INC	$206,000	–	2,250	–	0.04%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC	$208,000	–	4,000	–	0.04%	–
MU	New	MICRON TECHNOLOGY INC	$210,000	–	4,000	–	0.04%	–
GD	New	GENERAL DYNAMICS CORP	$207,000	–	1,110	–	0.04%	–
MDLZ	New	MONDELEZ INTL INCcl a	$205,000	–	5,006	–	0.04%	–
C	New	CITIGROUP INC	$204,000	–	3,058	–	0.04%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$204,000	–	5,032	–	0.04%	–
DOV	New	DOVER CORP	$200,000	–	2,740	–	0.04%	–
AMX	New	AMERICA MOVIL SAB DE CV	$167,000	–	10,000	–	0.04%	–
DFFN	New	DIFFUSION PHARMACEUTICALS IN	$6,000	–	12,350	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
DFFN	Exit	DIFFUSION PHARMACEUTICALS IN	$0	–	-12,350	–	-0.01%	–
LYG	Exit	LLOYDS BANKING GROUP PLCsponsored adr	$0	–	-18,458	–	-0.01%	–
AUOTY	Exit	AU OPTRONICS CORPsponsored adr	$0	–	-13,148	–	-0.01%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-11,123	–	-0.01%	–
MUFG	Exit	MITSUBISHI UFJ FINL GROUP INsponsored adr	$0	–	-13,881	–	-0.01%	–
MFG	Exit	MIZUHO FINL GROUP INCsponsored adr	$0	–	-14,283	–	-0.02%	–
SPIL	Exit	SILICONWARE PRECISION INDS Lsponsd adr spl	$0	–	-12,605	–	-0.02%	–
SMFG	Exit	SUMITOMO MITSUI FINL GROUP Isponsored adr	$0	–	-12,716	–	-0.02%	–
UMC	Exit	UNITED MICROELECTRONICS CORPspon adr new	$0	–	-32,320	–	-0.02%	–
SAN	Exit	BANCO SANTANDER SAadr	$0	–	-18,606	–	-0.02%	–
BBVA	Exit	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$0	–	-11,838	–	-0.02%	–
WIT	Exit	WIPRO LTDspon adr 1 sh	$0	–	-16,780	–	-0.02%	–
KRP	Exit	KIMBELL RTY PARTNERS LPunit	$0	–	-11,726	–	-0.06%	–
AM	Exit	ANTERO MIDSTREAM PARTNERS LPunt ltd partn	$0	–	-6,400	–	-0.06%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-3,496	–	-0.06%	–
BIIB	Exit	BIOGEN INC	$0	–	-767	–	-0.06%	–
LLY	Exit	LILLY ELI & CO	$0	–	-2,988	–	-0.06%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-719	–	-0.06%	–
DOV	Exit	DOVER CORP	$0	–	-2,340	–	-0.06%	–
CERN	Exit	CERNER CORP	$0	–	-3,032	–	-0.07%	–
RHP	Exit	RYMAN HOSPITALITY PPTYS INC	$0	–	-3,440	–	-0.07%	–
TCBI	Exit	TEXAS CAPITAL BANCSHARES INC	$0	–	-2,500	–	-0.07%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-6,371	–	-0.07%	–
CI	Exit	CIGNA CORPORATION	$0	–	-1,412	–	-0.07%	–
VEU	Exit	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$0	–	-4,225	–	-0.07%	–
LOW	Exit	LOWES COS INC	$0	–	-3,399	–	-0.07%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-3,680	–	-0.07%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-2,054	–	-0.07%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-4,119	–	-0.07%	–
NCLH	Exit	NORWEGIAN CRUISE LINE HLDGS	$0	–	-4,535	–	-0.08%	–
C	Exit	CITIGROUP INC	$0	–	-4,719	–	-0.08%	–
V	Exit	VISA INC	$0	–	-3,246	–	-0.08%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-4,540	–	-0.08%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-3,980	–	-0.08%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-1,898	–	-0.08%	–
3106PS	Exit	DELPHI AUTOMOTIVE PLC	$0	–	-2,626	–	-0.08%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLdiv app etf	$0	–	-2,720	–	-0.08%	–
AMGN	Exit	AMGEN INC	$0	–	-1,775	–	-0.08%	–
ECL	Exit	ECOLAB INC	$0	–	-2,032	–	-0.08%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-6,112	–	-0.08%	–
F	Exit	FORD MTR CO DEL	$0	–	-21,970	–	-0.08%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-3,800	–	-0.08%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-3,724	–	-0.08%	–
ABT	Exit	ABBOTT LABS	$0	–	-6,045	–	-0.08%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-5,640	–	-0.08%	–
BA	Exit	BOEING CO	$0	–	-1,387	–	-0.08%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-7,470	–	-0.09%	–
PSXP	Exit	PHILLIPS 66 PARTNERS LP	$0	–	-5,500	–	-0.09%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-5,588	–	-0.09%	–
RHT	Exit	RED HAT INC	$0	–	-2,663	–	-0.09%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,492	–	-0.09%	–
BPL	Exit	BUCKEYE PARTNERS L Punit ltd partn	$0	–	-5,200	–	-0.09%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-14,800	–	-0.10%	–
PAGP	Exit	PLAINS GP HLDGS L Pltd partnr int a	$0	–	-14,300	–	-0.10%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-3,736	–	-0.10%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-7,650	–	-0.10%	–
INTU	Exit	INTUIT	$0	–	-2,222	–	-0.10%	–
SCHE	Exit	SCHWAB STRATEGIC TRemrg mkteq etf	$0	–	-11,643	–	-0.10%	–
DM	Exit	DOMINION ENERGY MIDSTRM PRTN	$0	–	-10,000	–	-0.10%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-7,338	–	-0.10%	–
D	Exit	DOMINION ENERGY INC	$0	–	-4,168	–	-0.10%	–
SEMG	Exit	SEMGROUP CORPcl a	$0	–	-11,300	–	-0.10%	–
DE	Exit	DEERE & CO	$0	–	-2,600	–	-0.10%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$0	–	-18,217	–	-0.10%	–
GIS	Exit	GENERAL MLS INC	$0	–	-6,854	–	-0.11%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-2,748	–	-0.11%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-4,601	–	-0.11%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-2,678	–	-0.12%	–
NKE	Exit	NIKE INCcl b	$0	–	-8,386	–	-0.12%	–
GEL	Exit	GENESIS ENERGY L Punit ltd partn	$0	–	-14,800	–	-0.12%	–
FDX	Exit	FEDEX CORP	$0	–	-1,983	–	-0.12%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-3,674	–	-0.12%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-5,908	–	-0.13%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-5,944	–	-0.13%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-4,637	–	-0.13%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-7,040	–	-0.14%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-7,667	–	-0.14%	–
BBT	Exit	BB&T CORP	$0	–	-9,686	–	-0.14%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-6,873	–	-0.14%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-3,870	–	-0.14%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-4,497	–	-0.14%	–
MUB	Exit	ISHARES TRnational mun etf	$0	–	-4,324	–	-0.15%	–
PBNC	Exit	PARAGON COML CORP	$0	–	-8,500	–	-0.15%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-5,926	–	-0.15%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-8,836	–	-0.16%	–
VTV	Exit	VANGUARD INDEX FDSvalue etf	$0	–	-5,211	–	-0.16%	–
ENLC	Exit	ENLINK MIDSTREAM LLC	$0	–	-30,700	–	-0.16%	–
TRGP	Exit	TARGA RES CORP	$0	–	-11,300	–	-0.16%	–
WES	Exit	WESTERN GAS PARTNERS LP	$0	–	-10,500	–	-0.16%	–
ABBV	Exit	ABBVIE INC	$0	–	-6,848	–	-0.16%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-7,998	–	-0.17%	–
BAC	Exit	BANK AMER CORP	$0	–	-27,342	–	-0.17%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-10,042	–	-0.17%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-5,489	–	-0.18%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-4,477	–	-0.18%	–
HD	Exit	HOME DEPOT INC	$0	–	-4,159	–	-0.18%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-7,992	–	-0.18%	–
ABCB	Exit	AMERIS BANCORP	$0	–	-11,224	–	-0.18%	–
T	Exit	AT&T INC	$0	–	-18,337	–	-0.18%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-14,240	–	-0.18%	–
INTC	Exit	INTEL CORP	$0	–	-18,202	–	-0.19%	–
FTV	Exit	FORTIVE CORP	$0	–	-8,810	–	-0.19%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-20,760	–	-0.19%	–
DIS	Exit	DISNEY WALT CO	$0	–	-7,180	–	-0.19%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-11,119	–	-0.20%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-2,595	–	-0.20%	–
PEP	Exit	PEPSICO INC	$0	–	-6,535	–	-0.20%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-3,868	–	-0.20%	–
CSCO	Exit	CISCO SYS INC	$0	–	-23,386	–	-0.22%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-27,616	–	-0.22%	–
FELE	Exit	FRANKLIN ELEC INC	$0	–	-16,000	–	-0.22%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-7,499	–	-0.23%	–
MMM	Exit	3M CO	$0	–	-3,919	–	-0.23%	–
MRK	Exit	MERCK & CO INC	$0	–	-13,432	–	-0.24%	–
VUG	Exit	VANGUARD INDEX FDSgrowth etf	$0	–	-6,066	–	-0.24%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-5,992	–	-0.25%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-3,788	–	-0.26%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-5,084	–	-0.28%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-42,079	–	-0.28%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-8,625	–	-0.29%	–
UDR	Exit	UDR INC	$0	–	-25,961	–	-0.30%	–
J	Exit	JACOBS ENGR GROUP INC DEL	$0	–	-17,163	–	-0.30%	–
MCD	Exit	MCDONALDS CORP	$0	–	-7,067	–	-0.31%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,273	–	-0.32%	–
PFE	Exit	PFIZER INC	$0	–	-33,998	–	-0.34%	–
ET	Exit	ENERGY TRANSFER EQUITY L P	$0	–	-66,399	–	-0.35%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-38,410	–	-0.36%	–
KO	Exit	COCA COLA CO	$0	–	-27,697	–	-0.36%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-14,391	–	-0.37%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-21,992	–	-0.42%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-32,915	–	-0.43%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-18,614	–	-0.49%	–
TOWN	Exit	TOWNEBANK PORTSMOUTH VA	$0	–	-48,132	–	-0.49%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-30,300	–	-0.50%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-19,293	–	-0.51%	–
MKL	Exit	MARKEL CORP	$0	–	-1,592	–	-0.52%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-14,528	–	-0.52%	–
TJX	Exit	TJX COS INC NEW	$0	–	-27,017	–	-0.59%	–
TY	Exit	TRI CONTL CORP	$0	–	-86,114	–	-0.67%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-17,193	–	-0.68%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-29,449	–	-0.69%	–
DEL	Exit	DELTIC TIMBER CORP	$0	–	-26,736	–	-0.72%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-2,724	–	-0.73%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-2,644	–	-0.77%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-48,805	–	-0.78%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-59,303	–	-0.78%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-213,492	–	-0.80%	–
AAPL	Exit	APPLE INC	$0	–	-19,456	–	-0.80%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-150,387	–	-0.83%	–
SCHB	Exit	SCHWAB STRATEGIC TRus brd mkt etf	$0	–	-52,171	–	-0.97%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-105,102	–	-1.03%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-24,940	–	-1.05%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-25,898	–	-1.23%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-108,898	–	-1.25%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-106,237	–	-1.41%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-178,815	–	-1.45%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-84,261	–	-1.65%	–
MUSA	Exit	MURPHY USA INC	$0	–	-84,726	–	-1.78%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-26,137	–	-1.84%	–
SCHD	Exit	SCHWAB STRATEGIC TRus dividend eq	$0	–	-137,819	–	-1.97%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-58,297	–	-2.30%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-28	–	-2.34%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-44,114	–	-2.43%	–
ACWI	Exit	ISHARES TRmsci acwi etf	$0	–	-126,562	–	-2.66%	–
VT	Exit	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$0	–	-142,229	–	-3.07%	–
VPL	Exit	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$0	–	-156,461	–	-3.25%	–
SCHF	Exit	SCHWAB STRATEGIC TRintl eqty etf	$0	–	-462,222	–	-4.71%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-1,087,352	–	-8.57%	–
HEWJ	Exit	ISHARES TRhdg msci japan	$0	–	-922,483	–	-8.66%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-214,362	–	-16.42%	–

Q3 2017

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$53,855,000	+4.0%	214,362	+0.1%	16.42%	+0.9%
XLF	Buy	SELECT SECTOR SPDR TRsbi int-finl	$28,118,000	+4.8%	1,087,352	+0.0%	8.57%	+1.7%
SCHF	Buy	SCHWAB STRATEGIC TRintl eqty etf	$15,464,000	+5.9%	462,222	+0.7%	4.71%	+2.7%
VT	Buy	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$10,058,000	+4.9%	142,229	+0.2%	3.07%	+1.8%
ACWI	Buy	ISHARES TRmsci acwi etf	$8,713,000	+5.8%	126,562	+0.6%	2.66%	+2.7%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$7,975,000	+4.0%	44,114	-2.6%	2.43%	+0.9%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$7,547,000	-0.4%	58,297	-4.2%	2.30%	-3.4%
SCHD	Buy	SCHWAB STRATEGIC TRus dividend eq	$6,452,000	+7.1%	137,819	+3.2%	1.97%	+3.9%
VOO	Sell	VANGUARD INDEX FDS	$6,031,000	-34.8%	26,137	-37.3%	1.84%	-36.8%
IEFA	Sell	ISHARES TRcore msci eafe	$5,407,000	-11.7%	84,261	-16.2%	1.65%	-14.3%
MUR	Sell	MURPHY OIL CORP	$4,749,000	-0.9%	178,815	-4.4%	1.45%	-3.8%
VWO	Sell	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$4,629,000	+5.2%	106,237	-1.4%	1.41%	+2.0%
CMCSA	Buy	COMCAST CORP NEWcl a	$4,102,000	-0.3%	108,898	+3.0%	1.25%	-3.3%
MA	Buy	MASTERCARD INCORPORATEDcl a	$3,454,000	+17.0%	24,940	+2.7%	1.05%	+13.6%
HRL	Buy	HORMEL FOODS CORP	$3,378,000	-5.7%	105,102	+0.1%	1.03%	-8.4%
SCHB	Buy	SCHWAB STRATEGIC TRus brd mkt etf	$3,177,000	+6.3%	52,171	+2.0%	0.97%	+3.1%
KYN	Buy	KAYNE ANDERSON MLP INVT CO	$2,735,000	-1.7%	150,387	+1.9%	0.83%	-4.6%
AAPL	Buy	APPLE INC	$2,632,000	+11.3%	19,456	+18.4%	0.80%	+7.9%
VEA	Sell	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$2,574,000	-42.5%	59,303	-45.3%	0.78%	-44.2%
WFC	Buy	WELLS FARGO CO NEW	$2,567,000	-3.1%	48,805	+2.1%	0.78%	-6.0%
GOOGL	Buy	ALPHABET INCcap stk cl a	$2,384,000	+8.8%	2,724	+15.7%	0.73%	+5.7%
XOM	Sell	EXXON MOBIL CORP	$2,260,000	-5.9%	29,449	-1.0%	0.69%	-8.6%
NSC	Buy	NORFOLK SOUTHERN CORP	$2,248,000	+8.6%	17,193	+1.1%	0.68%	+5.4%
TJX	Buy	TJX COS INC NEW	$1,945,000	+7.8%	27,017	+8.1%	0.59%	+4.6%
JNJ	Buy	JOHNSON & JOHNSON	$1,723,000	-2.0%	14,528	+8.9%	0.52%	-4.9%
MKL	Buy	MARKEL CORP	$1,700,000	+9.6%	1,592	+0.3%	0.52%	+6.4%
JPM	Buy	JPMORGAN CHASE & CO	$1,683,000	+8.2%	19,293	+13.3%	0.51%	+4.9%
DHR	Buy	DANAHER CORP DEL	$1,597,000	+12.9%	18,614	+11.0%	0.49%	+9.4%
SCHW	Buy	SCHWAB CHARLES CORP NEW	$1,399,000	+4.0%	32,915	+5.1%	0.43%	+0.7%
MSFT	Buy	MICROSOFT CORP	$1,387,000	+15.2%	21,992	+25.8%	0.42%	+11.9%
PG	Buy	PROCTER AND GAMBLE CO	$1,207,000	+3.3%	14,391	+7.3%	0.37%	+0.3%
KO	Buy	COCA COLA CO	$1,179,000	-0.5%	27,697	+4.8%	0.36%	-3.5%
GIL	Buy	GILDAN ACTIVEWEAR INC	$1,166,000	+3.6%	38,410	+4.8%	0.36%	+0.3%
ET	Sell	ENERGY TRANSFER EQUITY L P	$1,154,000	-4.3%	66,399	-1.1%	0.35%	-7.1%
PFE	Buy	PFIZER INC	$1,111,000	+7.7%	33,998	+10.8%	0.34%	+4.6%
AMZN	Buy	AMAZON COM INC	$1,040,000	+6.0%	1,273	+25.2%	0.32%	+2.9%
MCD	Buy	MCDONALDS CORP	$1,031,000	-1.6%	7,067	+3.4%	0.31%	-4.6%
AGG	Sell	ISHARES TRcore us aggbd et	$943,000	-0.4%	8,625	-0.4%	0.29%	-3.7%
GE	Sell	GENERAL ELECTRIC CO	$916,000	-22.2%	42,079	-3.5%	0.28%	-24.6%
IJH	Buy	ISHARES TRcore s&p mcp etf	$910,000	+67.9%	5,084	+63.3%	0.28%	+62.9%
GS	Buy	GOLDMAN SACHS GROUP INC	$844,000	+11.2%	3,788	+10.6%	0.26%	+8.0%
FB	Buy	FACEBOOK INCcl a	$831,000	+25.5%	5,992	+36.5%	0.25%	+21.6%
VUG	Buy	VANGUARD INDEX FDSgrowth etf	$805,000	+41.5%	6,066	+35.3%	0.24%	+36.9%
MRK	Buy	MERCK & CO INC	$779,000	+2.8%	13,432	+13.1%	0.24%	-0.4%
MMM	Buy	3M CO	$758,000	-6.1%	3,919	+1.3%	0.23%	-9.1%
PM	Buy	PHILIP MORRIS INTL INC	$746,000	-1.2%	7,499	+16.6%	0.23%	-4.2%
EPD	Buy	ENTERPRISE PRODS PARTNERS L	$720,000	+1.1%	27,616	+5.0%	0.22%	-2.2%
CSCO	Buy	CISCO SYS INC	$706,000	+33.7%	23,386	+38.3%	0.22%	+29.5%
UNH	Buy	UNITEDHEALTH GROUP INC	$665,000	+0.5%	3,868	+8.3%	0.20%	-2.4%
PEP	Buy	PEPSICO INC	$656,000	+5.8%	6,535	+21.7%	0.20%	+2.6%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$655,000	+41.2%	11,119	+33.5%	0.20%	+37.0%
DIS	Buy	DISNEY WALT CO	$622,000	-11.1%	7,180	+8.6%	0.19%	-13.6%
WMB	Buy	WILLIAMS COS INC DEL	$623,000	+44.2%	20,760	+45.3%	0.19%	+39.7%
INTC	Buy	INTEL CORP	$611,000	+6.1%	18,202	+6.5%	0.19%	+2.8%
VZ	Buy	VERIZON COMMUNICATIONS INC	$606,000	+2.7%	14,240	+7.9%	0.18%	0.0%
T	Buy	AT&T INC	$603,000	+1.0%	18,337	+15.9%	0.18%	-2.1%
ABCB	Sell	AMERIS BANCORP	$595,000	-0.5%	11,224	-9.5%	0.18%	-3.7%
IJR	Buy	ISHARES TRcore s&p scp etf	$593,000	+174.5%	7,992	+159.0%	0.18%	+166.2%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$585,000	-11.4%	4,477	+4.2%	0.18%	-14.0%
HD	Buy	HOME DEPOT INC	$584,000	+5.6%	4,159	+15.5%	0.18%	+2.3%
UTX	Buy	UNITED TECHNOLOGIES CORP	$578,000	-5.1%	5,489	+10.3%	0.18%	-7.9%
MO	Buy	ALTRIA GROUP INC	$570,000	-20.1%	10,042	+4.8%	0.17%	-22.3%
BAC	Buy	BANK AMER CORP	$565,000	+4.2%	27,342	+22.9%	0.17%	+1.2%
WES	Buy	WESTERN GAS PARTNERS LP	$538,000	+158.7%	10,500	+181.9%	0.16%	+152.3%
ABBV	Buy	ABBVIE INC	$538,000	+32.2%	6,848	+22.3%	0.16%	+28.1%
TRGP	Sell	TARGA RES CORP	$535,000	+0.2%	11,300	-4.2%	0.16%	-3.0%
ENLC	Buy	ENLINK MIDSTREAM LLC	$529,000	+26.6%	30,700	+29.4%	0.16%	+22.9%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$523,000	+18.3%	8,836	+9.4%	0.16%	+14.4%
VTV	Buy	VANGUARD INDEX FDSvalue etf	$521,000	+63.8%	5,211	+58.6%	0.16%	+59.0%
AWK	Buy	AMERICAN WTR WKS CO INC NEW	$480,000	+8.6%	5,926	+4.4%	0.15%	+5.0%
BUD	Buy	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$477,000	+16.1%	4,497	+21.0%	0.14%	+12.4%
PNC	Buy	PNC FINL SVCS GROUP INC	$468,000	+20.6%	3,870	+24.7%	0.14%	+17.2%
RY	Buy	ROYAL BK CDA MONTREAL QUE	$467,000	+7.9%	6,873	+15.2%	0.14%	+4.4%
BBT	Buy	BB&T CORP	$455,000	+30.0%	9,686	+25.2%	0.14%	+26.4%
DWDP	New	DOWDUPONT INC	$452,000	–	7,667	–	0.14%	–
CVX	Buy	CHEVRON CORP NEW	$438,000	+25.5%	4,637	+38.7%	0.13%	+21.8%
CVS	Buy	CVS HEALTH CORP	$435,000	+5.3%	5,944	+15.6%	0.13%	+2.3%
GILD	Buy	GILEAD SCIENCES INC	$425,000	+35.4%	5,908	+32.6%	0.13%	+31.3%
CAT	Buy	CATERPILLAR INC DEL	$410,000	+53.6%	3,674	+48.4%	0.12%	+48.8%
FDX	Buy	FEDEX CORP	$405,000	+3.8%	1,983	+10.5%	0.12%	0.0%
GEL	Buy	GENESIS ENERGY L Punit ltd partn	$390,000	-7.1%	14,800	+11.9%	0.12%	-9.8%
NKE	Buy	NIKE INCcl b	$391,000	-18.2%	8,386	+3.4%	0.12%	-20.7%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$367,000	-21.4%	2,748	-17.0%	0.11%	-23.8%
GIS	Buy	GENERAL MLS INC	$357,000	+21.8%	6,854	+29.3%	0.11%	+18.5%
ETP	Buy	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$333,000	-2.1%	18,217	+9.3%	0.10%	-4.7%
DE	Sell	DEERE & CO	$327,000	-3.0%	2,600	-4.4%	0.10%	-5.7%
SEMG	Buy	SEMGROUP CORPcl a	$325,000	+15.7%	11,300	+8.9%	0.10%	+12.5%
DM	Buy	DOMINION ENERGY MIDSTRM PRTN	$320,000	+58.4%	10,000	+42.3%	0.10%	+55.6%
D	Sell	DOMINION ENERGY INC	$321,000	-3.3%	4,168	-3.9%	0.10%	-5.8%
PAA	Buy	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$313,000	-6.6%	14,800	+16.3%	0.10%	-9.5%
PAGP	Buy	PLAINS GP HLDGS L Pltd partnr int a	$313,000	-1.9%	14,300	+17.0%	0.10%	-5.0%
BPL	Buy	BUCKEYE PARTNERS L Punit ltd partn	$297,000	-2.6%	5,200	+8.9%	0.09%	-5.2%
HON	Buy	HONEYWELL INTL INC	$295,000	+6.5%	2,492	+20.0%	0.09%	+3.4%
CBS	Buy	CBS CORP NEWcl b	$292,000	-8.8%	5,588	+11.3%	0.09%	-11.9%
PSXP	Buy	PHILLIPS 66 PARTNERS LP	$289,000	+43.1%	5,500	+34.1%	0.09%	+39.7%
CBRE	Sell	CBRE GROUP INCcl a	$283,000	-6.3%	7,470	-10.0%	0.09%	-9.5%
BA	Buy	BOEING CO	$279,000	+13.9%	1,387	+12.1%	0.08%	+10.4%
ABT	Buy	ABBOTT LABS	$271,000	+10.2%	6,045	+19.1%	0.08%	+7.8%
COF	Buy	CAPITAL ONE FINL CORP	$269,000	+24.0%	3,724	+41.5%	0.08%	+20.6%
MMP	Sell	MAGELLAN MIDSTREAM PRTNRS LP	$270,000	-4.3%	3,800	-3.8%	0.08%	-7.9%
ECL	New	ECOLAB INC	$261,000	–	2,032	–	0.08%	–
AMGN	Buy	AMGEN INC	$262,000	+13.4%	1,775	+32.5%	0.08%	+9.6%
F	Buy	FORD MTR CO DEL	$263,000	+33.5%	21,970	+25.0%	0.08%	+29.0%
NWL	Buy	NEWELL BRANDS INC	$261,000	-2.2%	6,112	+22.2%	0.08%	-4.8%
SHPG	New	SHIRE PLCsponsored adr	$258,000	–	1,898	–	0.08%	–
3106PS	Buy	DELPHI AUTOMOTIVE PLC	$258,000	+14.2%	2,626	+2.1%	0.08%	+11.3%
MDT	Buy	MEDTRONIC PLC	$256,000	-3.4%	3,980	+33.2%	0.08%	-6.0%
ATVI	Buy	ACTIVISION BLIZZARD INC	$253,000	+11.5%	4,540	+15.2%	0.08%	+8.5%
V	New	VISA INC	$247,000	–	3,246	–	0.08%	–
C	New	CITIGROUP INC	$245,000	–	4,719	–	0.08%	–
SLB	New	SCHLUMBERGER LTD	$234,000	–	4,119	–	0.07%	–
LOW	New	LOWES COS INC	$227,000	–	3,399	–	0.07%	–
CI	New	CIGNA CORPORATION	$224,000	–	1,412	–	0.07%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$223,000	–	4,225	–	0.07%	–
TCBI	New	TEXAS CAPITAL BANCSHARES INC	$215,000	–	2,500	–	0.07%	–
MDLZ	Buy	MONDELEZ INTL INCcl a	$216,000	-17.9%	6,371	+4.8%	0.07%	-20.5%
DOV	New	DOVER CORP	$214,000	–	2,340	–	0.06%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$214,000	–	719	–	0.06%	–
LLY	New	LILLY ELI & CO	$207,000	–	2,988	–	0.06%	–
WMT	New	WAL-MART STORES INC	$203,000	–	3,496	–	0.06%	–
BIIB	New	BIOGEN INC	$202,000	–	767	–	0.06%	–
AM	Buy	ANTERO MIDSTREAM PARTNERS LPunt ltd partn	$202,000	-1.5%	6,400	+3.2%	0.06%	-3.1%
KRP	New	KIMBELL RTY PARTNERS LPunit	$185,000	–	11,726	–	0.06%	–
BBVA	New	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$63,000	–	11,838	–	0.02%	–
WIT	New	WIPRO LTDspon adr 1 sh	$61,000	–	16,780	–	0.02%	–
UMC	Buy	UNITED MICROELECTRONICS CORPspon adr new	$58,000	+1.8%	32,320	+39.9%	0.02%	0.0%
SAN	New	BANCO SANTANDER SAadr	$59,000	–	18,606	–	0.02%	–
SMFG	New	SUMITOMO MITSUI FINL GROUP Isponsored adr	$54,000	–	12,716	–	0.02%	–
SPIL	New	SILICONWARE PRECISION INDS Lsponsd adr spl	$51,000	–	12,605	–	0.02%	–
MFG	Buy	MIZUHO FINL GROUP INCsponsored adr	$50,000	+28.2%	14,283	+34.0%	0.02%	+25.0%
MUFG	New	MITSUBISHI UFJ FINL GROUP INsponsored adr	$43,000	–	13,881	–	0.01%	–
NOK	New	NOKIA CORPsponsored adr	$37,000	–	11,123	–	0.01%	–
AUOTY	New	AU OPTRONICS CORPsponsored adr	$30,000	–	13,148	–	0.01%	–
LYG	Buy	LLOYDS BANKING GROUP PLCsponsored adr	$28,000	-31.7%	18,458	+57.5%	0.01%	-30.8%
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-1,571	–	-0.06%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-2,331	–	-0.06%	–
ORCL	Exit	ORACLE CORP	$0	–	-4,120	–	-0.06%	–
MD	Exit	MEDNAX INC	$0	–	-3,642	–	-0.07%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-9,038	–	-0.07%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-1,818	–	-0.07%	–
BTI	Exit	BRITISH AMERN TOB PLCsponsored adr	$0	–	-3,606	–	-0.08%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-4,055	–	-0.10%	–
WGP	Exit	WESTERN GAS EQUITY PARTNERS	$0	–	-7,600	–	-0.10%	–
SHLX	Exit	SHELL MIDSTREAM PARTNERS L Punit ltd int	$0	–	-13,650	–	-0.13%	–

Q2 2017

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$51,783,000	–	214,164	–	16.27%	–
HEWJ	New	ISHARES TRhdg msci japan	$27,490,000	–	922,483	–	8.64%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$26,825,000	–	1,087,348	–	8.43%	–
SCHF	New	SCHWAB STRATEGIC TRintl eqty etf	$14,601,000	–	459,201	–	4.59%	–
VPL	New	VANGUARD INTL EQUITY INDEX Fftse pacific etf	$10,295,000	–	156,461	–	3.24%	–
VT	New	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$9,584,000	–	141,949	–	3.01%	–
VOO	New	VANGUARD INDEX FDS	$9,256,000	–	41,683	–	2.91%	–
ACWI	New	ISHARES TRmsci acwi etf	$8,235,000	–	125,774	–	2.59%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$7,666,000	–	45,275	–	2.41%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$7,575,000	–	60,825	–	2.38%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$7,132,000	–	28	–	2.24%	–
MUSA	New	MURPHY USA INC	$6,278,000	–	84,726	–	1.97%	–
IEFA	New	ISHARES TRcore msci eafe	$6,121,000	–	100,494	–	1.92%	–
SCHD	New	SCHWAB STRATEGIC TRus dividend eq	$6,025,000	–	133,580	–	1.89%	–
MUR	New	MURPHY OIL CORP	$4,791,000	–	186,949	–	1.50%	–
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$4,479,000	–	108,383	–	1.41%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$4,401,000	–	107,779	–	1.38%	–
CMCSA	New	COMCAST CORP NEWcl a	$4,114,000	–	105,694	–	1.29%	–
SPGI	New	S&P GLOBAL INC	$3,782,000	–	25,898	–	1.19%	–
HRL	New	HORMEL FOODS CORP	$3,582,000	–	105,002	–	1.12%	–
SCHB	New	SCHWAB STRATEGIC TRus brd mkt etf	$2,990,000	–	51,161	–	0.94%	–
MA	New	MASTERCARD INCORPORATEDcl a	$2,951,000	–	24,282	–	0.93%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$2,782,000	–	147,642	–	0.87%	–
WFC	New	WELLS FARGO CO NEW	$2,648,000	–	47,782	–	0.83%	–
IAU	New	ISHARES GOLD TRUSTishares	$2,549,000	–	213,492	–	0.80%	–
GOOG	New	ALPHABET INCcap stk cl c	$2,402,000	–	2,644	–	0.76%	–
XOM	New	EXXON MOBIL CORP	$2,401,000	–	29,759	–	0.75%	–
AAPL	New	APPLE INC	$2,365,000	–	16,434	–	0.74%	–
GOOGL	New	ALPHABET INCcap stk cl a	$2,191,000	–	2,355	–	0.69%	–
TY	New	TRI CONTL CORP	$2,097,000	–	86,114	–	0.66%	–
NSC	New	NORFOLK SOUTHERN CORP	$2,070,000	–	17,006	–	0.65%	–
DEL	New	DELTIC TIMBER CORP	$1,996,000	–	26,736	–	0.63%	–
TJX	New	TJX COS INC NEW	$1,804,000	–	25,000	–	0.57%	–
JNJ	New	JOHNSON & JOHNSON	$1,758,000	–	13,336	–	0.55%	–
JPM	New	JPMORGAN CHASE & CO	$1,556,000	–	17,030	–	0.49%	–
MKL	New	MARKEL CORP	$1,551,000	–	1,588	–	0.49%	–
IEMG	New	ISHARES INCcore msci emkt	$1,516,000	–	30,300	–	0.48%	–
TOWN	New	TOWNEBANK PORTSMOUTH VA	$1,482,000	–	48,132	–	0.47%	–
DHR	New	DANAHER CORP DEL	$1,415,000	–	16,775	–	0.44%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$1,345,000	–	31,313	–	0.42%	–
ET	New	ENERGY TRANSFER EQUITY L P	$1,206,000	–	67,160	–	0.38%	–
MSFT	New	MICROSOFT CORP	$1,204,000	–	17,475	–	0.38%	–
KO	New	COCA COLA CO	$1,185,000	–	26,436	–	0.37%	–
GE	New	GENERAL ELECTRIC CO	$1,178,000	–	43,584	–	0.37%	–
PG	New	PROCTER AND GAMBLE CO	$1,169,000	–	13,406	–	0.37%	–
GIL	New	GILDAN ACTIVEWEAR INC	$1,126,000	–	36,660	–	0.35%	–
MCD	New	MCDONALDS CORP	$1,048,000	–	6,837	–	0.33%	–
PFE	New	PFIZER INC	$1,032,000	–	30,697	–	0.32%	–
UDR	New	UDR INC	$1,012,000	–	25,961	–	0.32%	–
AMZN	New	AMAZON COM INC	$981,000	–	1,017	–	0.31%	–
AGG	New	ISHARES TRcore us aggbd et	$947,000	–	8,661	–	0.30%	–
J	New	JACOBS ENGR GROUP INC DEL	$933,000	–	17,163	–	0.29%	–
MMM	New	3M CO	$807,000	–	3,868	–	0.25%	–
GS	New	GOLDMAN SACHS GROUP INC	$759,000	–	3,424	–	0.24%	–
MRK	New	MERCK & CO INC	$758,000	–	11,877	–	0.24%	–
PM	New	PHILIP MORRIS INTL INC	$755,000	–	6,431	–	0.24%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$712,000	–	26,291	–	0.22%	–
MO	New	ALTRIA GROUP INC	$713,000	–	9,586	–	0.22%	–
DIS	New	DISNEY WALT CO	$700,000	–	6,611	–	0.22%	–
FB	New	FACEBOOK INCcl a	$662,000	–	4,391	–	0.21%	–
FELE	New	FRANKLIN ELEC INC	$662,000	–	16,000	–	0.21%	–
UNH	New	UNITEDHEALTH GROUP INC	$662,000	–	3,573	–	0.21%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$660,000	–	4,295	–	0.21%	–
IVV	New	ISHARES TRcore s&p500 etf	$631,000	–	2,595	–	0.20%	–
PEP	New	PEPSICO INC	$620,000	–	5,369	–	0.20%	–
UTX	New	UNITED TECHNOLOGIES CORP	$609,000	–	4,975	–	0.19%	–
ABCB	New	AMERIS BANCORP	$598,000	–	12,404	–	0.19%	–
T	New	AT&T INC	$597,000	–	15,818	–	0.19%	–
VZ	New	VERIZON COMMUNICATIONS INC	$590,000	–	13,202	–	0.18%	–
INTC	New	INTEL CORP	$576,000	–	17,084	–	0.18%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$569,000	–	4,482	–	0.18%	–
FTV	New	FORTIVE CORP	$558,000	–	8,810	–	0.18%	–
HD	New	HOME DEPOT INC	$553,000	–	3,600	–	0.17%	–
IJH	New	ISHARES TRcore s&p mcp etf	$542,000	–	3,113	–	0.17%	–
BAC	New	BANK AMER CORP	$542,000	–	22,250	–	0.17%	–
TRGP	New	TARGA RES CORP	$534,000	–	11,800	–	0.17%	–
CSCO	New	CISCO SYS INC	$528,000	–	16,904	–	0.17%	–
EFA	New	ISHARES TRmsci eafe etf	$521,000	–	7,998	–	0.16%	–
MUB	New	ISHARES TRnational mun etf	$476,000	–	4,324	–	0.15%	–
NKE	New	NIKE INCcl b	$478,000	–	8,112	–	0.15%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$467,000	–	3,311	–	0.15%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$464,000	–	8,327	–	0.15%	–
PBNC	New	PARAGON COML CORP	$446,000	–	8,500	–	0.14%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$442,000	–	5,678	–	0.14%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$442,000	–	8,077	–	0.14%	–
WMB	New	WILLIAMS COS INC DEL	$432,000	–	14,285	–	0.14%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$433,000	–	5,965	–	0.14%	–
EMR	New	EMERSON ELEC CO	$420,000	–	7,040	–	0.13%	–
GEL	New	GENESIS ENERGY L Punit ltd partn	$420,000	–	13,225	–	0.13%	–
ENLC	New	ENLINK MIDSTREAM LLC	$418,000	–	23,725	–	0.13%	–
SHLX	New	SHELL MIDSTREAM PARTNERS L Punit ltd int	$414,000	–	13,650	–	0.13%	–
CVS	New	CVS HEALTH CORP	$413,000	–	5,142	–	0.13%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$411,000	–	3,715	–	0.13%	–
ABBV	New	ABBVIE INC	$407,000	–	5,598	–	0.13%	–
HCA	New	HCA HEALTHCARE INC	$401,000	–	4,601	–	0.13%	–
FDX	New	FEDEX CORP	$390,000	–	1,794	–	0.12%	–
PNC	New	PNC FINL SVCS GROUP INC	$388,000	–	3,104	–	0.12%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$362,000	–	2,678	–	0.11%	–
BBT	New	BB&T CORP	$350,000	–	7,739	–	0.11%	–
CVX	New	CHEVRON CORP NEW	$349,000	–	3,344	–	0.11%	–
ETP	New	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$340,000	–	16,667	–	0.11%	–
DE	New	DEERE & CO	$337,000	–	2,720	–	0.11%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$335,000	–	12,725	–	0.10%	–
D	New	DOMINION ENERGY INC	$332,000	–	4,337	–	0.10%	–
DD	New	DU PONT E I DE NEMOURS & CO	$327,000	–	4,055	–	0.10%	–
WGP	New	WESTERN GAS EQUITY PARTNERS	$327,000	–	7,600	–	0.10%	–
CBS	New	CBS CORP NEWcl b	$320,000	–	5,022	–	0.10%	–
VTV	New	VANGUARD INDEX FDSvalue etf	$318,000	–	3,286	–	0.10%	–
PAGP	New	PLAINS GP HLDGS L Pltd partnr int a	$319,000	–	12,225	–	0.10%	–
VRSK	New	VERISK ANALYTICS INC	$315,000	–	3,736	–	0.10%	–
GILD	New	GILEAD SCIENCES INC	$314,000	–	4,455	–	0.10%	–
BPL	New	BUCKEYE PARTNERS L Punit ltd partn	$305,000	–	4,775	–	0.10%	–
CBRE	New	CBRE GROUP INCcl a	$302,000	–	8,300	–	0.10%	–
INTU	New	INTUIT	$295,000	–	2,222	–	0.09%	–
NLSN	New	NIELSEN HLDGS PLC	$295,000	–	7,650	–	0.09%	–
GIS	New	GENERAL MLS INC	$293,000	–	5,300	–	0.09%	–
SCHE	New	SCHWAB STRATEGIC TRemrg mkteq etf	$290,000	–	11,643	–	0.09%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$282,000	–	3,950	–	0.09%	–
SEMG	New	SEMGROUP CORPcl a	$281,000	–	10,375	–	0.09%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$281,000	–	5,640	–	0.09%	–
HON	New	HONEYWELL INTL INC	$277,000	–	2,077	–	0.09%	–
NWL	New	NEWELL BRANDS INC	$267,000	–	5,002	–	0.08%	–
CAT	New	CATERPILLAR INC DEL	$267,000	–	2,475	–	0.08%	–
MDT	New	MEDTRONIC PLC	$265,000	–	2,988	–	0.08%	–
MDLZ	New	MONDELEZ INTL INCcl a	$263,000	–	6,080	–	0.08%	–
RHT	New	RED HAT INC	$255,000	–	2,663	–	0.08%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$256,000	–	7,338	–	0.08%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLdiv app etf	$252,000	–	2,720	–	0.08%	–
NCLH	New	NORWEGIAN CRUISE LINE HLDGS	$247,000	–	4,535	–	0.08%	–
BTI	New	BRITISH AMERN TOB PLCsponsored adr	$248,000	–	3,606	–	0.08%	–
BA	New	BOEING CO	$245,000	–	1,237	–	0.08%	–
ABT	New	ABBOTT LABS	$246,000	–	5,075	–	0.08%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$234,000	–	1,818	–	0.07%	–
AMGN	New	AMGEN INC	$231,000	–	1,340	–	0.07%	–
ATVI	New	ACTIVISION BLIZZARD INC	$227,000	–	3,941	–	0.07%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$227,000	–	9,038	–	0.07%	–
3106PS	New	DELPHI AUTOMOTIVE PLC	$226,000	–	2,571	–	0.07%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$224,000	–	2,054	–	0.07%	–
MD	New	MEDNAX INC	$219,000	–	3,642	–	0.07%	–
RHP	New	RYMAN HOSPITALITY PPTYS INC	$220,000	–	3,440	–	0.07%	–
IJR	New	ISHARES TRcore s&p scp etf	$216,000	–	3,086	–	0.07%	–
COF	New	CAPITAL ONE FINL CORP	$217,000	–	2,631	–	0.07%	–
ORCL	New	ORACLE CORP	$206,000	–	4,120	–	0.06%	–
WES	New	WESTERN GAS PARTNERS LP	$208,000	–	3,725	–	0.06%	–
AM	New	ANTERO MIDSTREAM PARTNERS LPunt ltd partn	$205,000	–	6,200	–	0.06%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$200,000	–	3,680	–	0.06%	–
DM	New	DOMINION ENERGY MIDSTRM PRTN	$202,000	–	7,025	–	0.06%	–
KMB	New	KIMBERLY CLARK CORP	$202,000	–	1,571	–	0.06%	–
PSXP	New	PHILLIPS 66 PARTNERS LP	$202,000	–	4,100	–	0.06%	–
KHC	New	KRAFT HEINZ CO	$200,000	–	2,331	–	0.06%	–
CERN	New	CERNER CORP	$201,000	–	3,032	–	0.06%	–
F	New	FORD MTR CO DEL	$197,000	–	17,569	–	0.06%	–
UMC	New	UNITED MICROELECTRONICS CORPspon adr new	$57,000	–	23,101	–	0.02%	–
LYG	New	LLOYDS BANKING GROUP PLCsponsored adr	$41,000	–	11,722	–	0.01%	–
MFG	New	MIZUHO FINL GROUP INCsponsored adr	$39,000	–	10,658	–	0.01%	–
DFFN	New	DIFFUSION PHARMACEUTICALS IN	$29,000	–	12,350	–	0.01%	–

Q4 2016

			Value		Shares		↓ Weighting
BAC	Exit	BANK AMER CORP	$0	–	-11,192	–	-0.07%	–
TNGO	Exit	TANGOE INC	$0	–	-23,216	–	-0.08%	–
RHP	Exit	RYMAN HOSPITALITY PPTYS INC	$0	–	-4,151	–	-0.08%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-2,256	–	-0.08%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-2,375	–	-0.08%	–
CI	Exit	CIGNA CORPORATION	$0	–	-1,621	–	-0.09%	–
DE	Exit	DEERE & CO	$0	–	-2,600	–	-0.09%	–
SHM	Exit	SPDR SER TRnuvn br sht muni	$0	–	-4,612	–	-0.09%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLdiv app etf	$0	–	-2,720	–	-0.09%	–
LOW	Exit	LOWES COS INC	$0	–	-3,150	–	-0.09%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP	$0	–	-1,059	–	-0.09%	–
ABT	Exit	ABBOTT LABS	$0	–	-5,833	–	-0.10%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-9,351	–	-0.10%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-4,000	–	-0.11%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,107	–	-0.11%	–
F	Exit	FORD MTR CO DEL	$0	–	-22,377	–	-0.11%	–
IMS	Exit	IMS HEALTH HLDGS INC	$0	–	-8,738	–	-0.11%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-3,104	–	-0.11%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-4,522	–	-0.11%	–
MPV	Exit	BARINGS PARTN INVSsh ben int	$0	–	-19,250	–	-0.11%	–
ABBV	Exit	ABBVIE INC	$0	–	-4,471	–	-0.12%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,506	–	-0.12%	–
MD	Exit	MEDNAX INC	$0	–	-4,512	–	-0.12%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-2,350	–	-0.12%	–
INTC	Exit	INTEL CORP	$0	–	-7,937	–	-0.12%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-11,438	–	-0.12%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-4,221	–	-0.12%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-3,400	–	-0.12%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-10,900	–	-0.12%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-3,977	–	-0.12%	–
INTU	Exit	INTUIT	$0	–	-2,842	–	-0.13%	–
NCLH	Exit	NORWEGIAN CRUISE LINE HLDGS	$0	–	-8,340	–	-0.13%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-2,450	–	-0.13%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-6,052	–	-0.13%	–
BBT	Exit	BB&T CORP	$0	–	-8,579	–	-0.13%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-25,762	–	-0.13%	–
FDX	Exit	FEDEX CORP	$0	–	-1,872	–	-0.13%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-7,540	–	-0.14%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-3,162	–	-0.14%	–
GIS	Exit	GENERAL MLS INC	$0	–	-5,300	–	-0.14%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-4,540	–	-0.14%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-3,306	–	-0.14%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-2,600	–	-0.14%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-4,369	–	-0.14%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-6,869	–	-0.15%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-4,726	–	-0.16%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-7,040	–	-0.16%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-5,308	–	-0.16%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-7,259	–	-0.16%	–
T	Exit	AT&T INC	$0	–	-10,123	–	-0.16%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-8,823	–	-0.17%	–
SCHE	Exit	SCHWAB STRATEGIC TRemrg mkteq etf	$0	–	-18,418	–	-0.17%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-2,996	–	-0.17%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-5,676	–	-0.17%	–
AMZN	Exit	AMAZON COM INC	$0	–	-531	–	-0.18%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-8,290	–	-0.18%	–
NKE	Exit	NIKE INCcl b	$0	–	-8,542	–	-0.18%	–
VTV	Exit	VANGUARD INDEX FDSvalue etf	$0	–	-5,158	–	-0.18%	–
FTV	Exit	FORTIVE CORP	$0	–	-8,810	–	-0.18%	–
PEP	Exit	PEPSICO INC	$0	–	-4,136	–	-0.18%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-8,405	–	-0.18%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-3,113	–	-0.20%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-4,725	–	-0.20%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-8,211	–	-0.20%	–
MUB	Exit	ISHARES TRnational mun etf	$0	–	-4,324	–	-0.20%	–
DIS	Exit	DISNEY WALT CO	$0	–	-5,391	–	-0.20%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-9,816	–	-0.21%	–
MRK	Exit	MERCK & CO INC	$0	–	-8,361	–	-0.21%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,416	–	-0.22%	–
MMM	Exit	3M CO	$0	–	-3,129	–	-0.22%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-8,768	–	-0.22%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-4,088	–	-0.23%	–
CSCO	Exit	CISCO SYS INC	$0	–	-18,449	–	-0.24%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-6,029	–	-0.24%	–
FELE	Exit	FRANKLIN ELEC INC	$0	–	-16,000	–	-0.26%	–
VUG	Exit	VANGUARD INDEX FDSgrowth etf	$0	–	-6,046	–	-0.28%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-905	–	-0.30%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-12,696	–	-0.30%	–
MCD	Exit	MCDONALDS CORP	$0	–	-7,047	–	-0.33%	–
PFE	Exit	PFIZER INC	$0	–	-26,339	–	-0.36%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-4,283	–	-0.38%	–
ET	Exit	ENERGY TRANSFER EQUITY L P	$0	–	-56,016	–	-0.38%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,236	–	-0.39%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-10,698	–	-0.39%	–
UDR	Exit	UDR INC	$0	–	-28,422	–	-0.42%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-35,441	–	-0.43%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-15,952	–	-0.43%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-50,215	–	-0.47%	–
KO	Exit	COCA COLA CO	$0	–	-27,403	–	-0.47%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-10,377	–	-0.47%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-11,060	–	-0.53%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-47,024	–	-0.53%	–
TOWN	Exit	TOWNEBANK PORTSMOUTH VA	$0	–	-55,036	–	-0.54%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-30,382	–	-0.55%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-20,151	–	-0.55%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-17,623	–	-0.56%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-30,300	–	-0.56%	–
MKL	Exit	MARKEL CORP	$0	–	-1,641	–	-0.62%	–
TY	Exit	TRI CONTL CORP	$0	–	-86,114	–	-0.75%	–
AAPL	Exit	APPLE INC	$0	–	-17,384	–	-0.80%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-17,201	–	-0.88%	–
SCHB	Exit	SCHWAB STRATEGIC TRus brd mkt etf	$0	–	-52,200	–	-1.11%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-34,392	–	-1.22%	–
SCHD	Exit	SCHWAB STRATEGIC TRus dividend eq	$0	–	-73,817	–	-1.27%	–
DEL	Exit	DELTIC TIMBER CORP	$0	–	-50,702	–	-1.39%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-53,247	–	-1.43%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-104,810	–	-1.60%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-104,802	–	-1.61%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-41,933	–	-1.65%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-117,060	–	-1.78%	–
VAW	Exit	VANGUARD WORLD FDSmaterials etf	$0	–	-42,000	–	-1.82%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-40,344	–	-1.82%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-100,806	–	-2.25%	–
MUSA	Exit	MURPHY USA INC	$0	–	-80,720	–	-2.34%	–
VT	Exit	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$0	–	-94,809	–	-2.34%	–
VDE	Exit	VANGUARD WORLD FDSenergy etf	$0	–	-60,342	–	-2.39%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-43,410	–	-2.54%	–
EFAV	Exit	ISHARES TRmin vol eafe etf	$0	–	-104,000	–	-2.85%	–
ACWI	Exit	ISHARES TRmsci acwi etf	$0	–	-127,310	–	-3.05%	–
USMV	Exit	ISHARES TRmin vol usa etf	$0	–	-175,500	–	-3.23%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-485,283	–	-4.06%	–
SCHF	Exit	SCHWAB STRATEGIC TRintl eqty etf	$0	–	-384,204	–	-4.48%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-59,585	–	-4.80%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-392,596	–	-4.84%	–
HEWJ	Exit	ISHARES TRhdg msci japan	$0	–	-852,483	–	-8.57%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-135,992	–	-11.93%	–

Q3 2016

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$29,414,000	-1.7%	135,992	-4.8%	11.93%	-15.1%
HEWJ	New	ISHARES TRhdg msci japan	$21,125,000	–	852,483	–	8.57%	–
VOO	Buy	VANGUARD INDEX FDS	$11,839,000	+30.7%	59,585	+26.5%	4.80%	+13.0%
SCHF	Buy	SCHWAB STRATEGIC TRintl eqty etf	$11,053,000	+7.0%	384,204	+0.9%	4.48%	-7.5%
KYN	Buy	KAYNE ANDERSON MLP INVT CO	$10,013,000	+1.7%	485,283	+0.3%	4.06%	-12.1%
USMV	New	ISHARES TRmin vol usa etf	$7,973,000	–	175,500	–	3.23%	–
ACWI	Sell	ISHARES TRmsci acwi etf	$7,521,000	-11.6%	127,310	-15.9%	3.05%	-23.6%
EFAV	New	ISHARES TRmin vol eafe etf	$7,035,000	–	104,000	–	2.85%	–
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$6,267,000	+168.2%	43,410	+168.3%	2.54%	+131.7%
VT	Buy	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$5,770,000	+5.0%	94,809	+0.1%	2.34%	-9.3%
MUSA	Sell	MURPHY USA INC	$5,759,000	-12.7%	80,720	-9.3%	2.34%	-24.5%
IEFA	Buy	ISHARES TRcore msci eafe	$5,558,000	+68.3%	100,806	+58.3%	2.25%	+45.4%
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$4,495,000	+4.4%	40,344	+0.5%	1.82%	-9.8%
NSC	Sell	NORFOLK SOUTHERN CORP	$4,069,000	-1.7%	41,933	-13.8%	1.65%	-15.1%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$3,945,000	+25.0%	104,810	+16.9%	1.60%	+8.0%
CMCSA	Buy	COMCAST CORP NEWcl a	$3,534,000	+2.2%	53,247	+0.4%	1.43%	-11.7%
SCHD	New	SCHWAB STRATEGIC TRus dividend eq	$3,122,000	–	73,817	–	1.27%	–
XOM	Buy	EXXON MOBIL CORP	$3,002,000	-4.3%	34,392	+2.8%	1.22%	-17.3%
SCHB	Buy	SCHWAB STRATEGIC TRus brd mkt etf	$2,730,000	+4.8%	52,200	+0.8%	1.11%	-9.5%
AAPL	Sell	APPLE INC	$1,965,000	+12.9%	17,384	-4.4%	0.80%	-2.4%
MMC	Sell	MARSH & MCLENNAN COS INC	$1,355,000	-11.0%	20,151	-9.4%	0.55%	-23.1%
WFC	Buy	WELLS FARGO & CO NEW	$1,345,000	-5.3%	30,382	+1.2%	0.55%	-18.0%
JNJ	Buy	JOHNSON & JOHNSON	$1,307,000	-0.4%	11,060	+2.2%	0.53%	-14.0%
AGG	Sell	ISHARES TRcore us aggbd et	$1,165,000	-1.4%	10,377	-1.3%	0.47%	-14.8%
KMI	Buy	KINDER MORGAN INC DEL	$1,161,000	+43.2%	50,215	+15.9%	0.47%	+23.6%
JPM	Buy	JPMORGAN CHASE & CO	$1,062,000	+9.5%	15,952	+2.2%	0.43%	-5.3%
GE	Buy	GENERAL ELECTRIC CO	$1,051,000	+1.6%	35,441	+7.8%	0.43%	-12.2%
GOOG	Sell	ALPHABET INCcap stk cl c	$961,000	+11.2%	1,236	-1.1%	0.39%	-3.7%
PG	Buy	PROCTER AND GAMBLE CO	$962,000	+6.5%	10,698	+0.2%	0.39%	-8.0%
ET	Buy	ENERGY TRANSFER EQUITY L P	$941,000	+53.3%	56,016	+30.8%	0.38%	+32.6%
IVV	Buy	ISHARES TRcore s&p500 etf	$932,000	+70.7%	4,283	+65.0%	0.38%	+47.7%
PFE	Buy	PFIZER INC	$894,000	-2.3%	26,339	+1.5%	0.36%	-15.4%
MSFT	Sell	MICROSOFT CORP	$732,000	+7.6%	12,696	-4.5%	0.30%	-6.9%
GOOGL	Buy	ALPHABET INCcap stk cl a	$728,000	+22.4%	905	+6.8%	0.30%	+5.7%
VUG	Buy	VANGUARD INDEX FDSgrowth etf	$679,000	+237.8%	6,046	+222.1%	0.28%	+192.6%
CSCO	Buy	CISCO SYS INC	$585,000	+16.8%	18,449	+5.7%	0.24%	+0.9%
MO	Buy	ALTRIA GROUP INC	$553,000	-4.7%	8,768	+4.3%	0.22%	-17.6%
MMM	Buy	3M CO	$550,000	+13.2%	3,129	+13.0%	0.22%	-2.2%
MRK	Buy	MERCK & CO INC	$520,000	+8.3%	8,361	+0.2%	0.21%	-6.2%
VZ	Buy	VERIZON COMMUNICATIONS INC	$508,000	-2.9%	9,816	+4.7%	0.21%	-15.9%
DIS	Buy	DISNEY WALT CO	$501,000	-1.0%	5,391	+4.3%	0.20%	-14.3%
MUB	New	ISHARES TRnational mun etf	$488,000	–	4,324	–	0.20%	–
EFA	New	ISHARES TRmsci eafe etf	$485,000	–	8,211	–	0.20%	–
UTX	Buy	UNITED TECHNOLOGIES CORP	$480,000	+13.5%	4,725	+14.5%	0.20%	-2.0%
VTV	New	VANGUARD INDEX FDSvalue etf	$449,000	–	5,158	–	0.18%	–
FTV	New	FORTIVE CORP	$448,000	–	8,810	–	0.18%	–
NKE	Buy	NIKE INCcl b	$449,000	-1.1%	8,542	+3.5%	0.18%	-14.6%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$447,000	+18.9%	8,290	+61.4%	0.18%	+2.8%
AMZN	Buy	AMAZON COM INC	$444,000	+25.4%	531	+7.1%	0.18%	+8.4%
SCHE	Sell	SCHWAB STRATEGIC TRemrg mkteq etf	$424,000	+1.9%	18,418	-5.6%	0.17%	-11.8%
XLK	New	SELECT SECTOR SPDR TRtechnology	$422,000	–	8,823	–	0.17%	–
T	Buy	AT&T INC	$408,000	-6.6%	10,123	+0.1%	0.16%	-19.5%
D	New	DOMINION RES INC VA NEW	$394,000	–	5,308	–	0.16%	–
GILD	Buy	GILEAD SCIENCES INC	$345,000	+13.1%	4,369	+19.6%	0.14%	-2.1%
CVX	Buy	CHEVRON CORP NEW	$340,000	+7.3%	3,306	+9.6%	0.14%	-7.4%
ATVI	Sell	ACTIVISION BLIZZARD INC	$334,000	-7.5%	7,540	-17.3%	0.14%	-20.1%
AMLP	Sell	ALPS ETF TRalerian mlp	$328,000	-7.3%	25,762	-7.5%	0.13%	-19.9%
BBT	Sell	BB&T CORP	$322,000	-2.4%	8,579	-7.3%	0.13%	-15.5%
NCLH	New	NORWEGIAN CRUISE LINE HLDGS	$315,000	–	8,340	–	0.13%	–
CHKP	Buy	CHECK POINT SOFTWARE TECH LTord	$309,000	+1.3%	3,977	+4.1%	0.12%	-12.6%
CVS	Buy	CVS HEALTH CORP	$303,000	-6.8%	3,400	+0.3%	0.12%	-19.6%
FB	Buy	FACEBOOK INCcl a	$302,000	+23.3%	2,350	+9.8%	0.12%	+6.1%
HON	Buy	HONEYWELL INTL INC	$291,000	+8.6%	2,506	+8.7%	0.12%	-6.3%
MPV	New	BARINGS PARTN INVSsh ben int	$280,000	–	19,250	–	0.11%	–
HD	Buy	HOME DEPOT INC	$271,000	+9.7%	2,107	+9.3%	0.11%	-5.2%
ADS	New	ALLIANCE DATA SYSTEMS CORP	$227,000	–	1,059	–	0.09%	–
SHM	New	SPDR SER TRnuvn br sht muni	$225,000	–	4,612	–	0.09%	–
CI	New	CIGNA CORPORATION	$211,000	–	1,621	–	0.09%	–
CAT	New	CATERPILLAR INC DEL	$210,000	–	2,375	–	0.08%	–
KHC	New	KRAFT HEINZ CO	$201,000	–	2,256	–	0.08%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-3,680	–	-0.10%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-4,580	–	-0.10%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-3,101	–	-0.13%	–
MPV	Exit	BABSON CAP PARTN INVS TRsh ben int	$0	–	-19,250	–	-0.13%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-7,617	–	-0.16%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-4	–	-0.41%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-511,650	–	-9.31%	–

Q2 2016

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$29,935,000	–	142,910	–	14.05%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$19,842,000	–	511,650	–	9.31%	–
MUR	New	MURPHY OIL CORP	$12,465,000	–	392,596	–	5.85%	–
SCHF	New	SCHWAB STRATEGIC TRintl eqty etf	$10,327,000	–	380,962	–	4.85%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$9,847,000	–	483,991	–	4.62%	–
VOO	New	VANGUARD INDEX FDS	$9,055,000	–	47,111	–	4.25%	–
ACWI	New	ISHARES TRmsci acwi etf	$8,511,000	–	151,401	–	3.99%	–
MUSA	New	MURPHY USA INC	$6,598,000	–	88,991	–	3.10%	–
VDE	New	VANGUARD WORLD FDSenergy etf	$5,740,000	–	60,342	–	2.69%	–
VT	New	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$5,495,000	–	94,683	–	2.58%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$4,304,000	–	40,142	–	2.02%	–
VAW	New	VANGUARD WORLD FDSmaterials etf	$4,302,000	–	42,000	–	2.02%	–
NSC	New	NORFOLK SOUTHERN CORP	$4,141,000	–	48,647	–	1.94%	–
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$4,139,000	–	117,060	–	1.94%	–
HRL	New	HORMEL FOODS CORP	$3,836,000	–	104,802	–	1.80%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,458,000	–	53,032	–	1.62%	–
DEL	New	DELTIC TIMBER CORP	$3,404,000	–	50,702	–	1.60%	–
IEFA	New	ISHARES TRcore msci eafe	$3,303,000	–	63,666	–	1.55%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$3,156,000	–	89,620	–	1.48%	–
XOM	New	EXXON MOBIL CORP	$3,137,000	–	33,463	–	1.47%	–
SCHB	New	SCHWAB STRATEGIC TRus brd mkt etf	$2,606,000	–	51,780	–	1.22%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$2,337,000	–	16,177	–	1.10%	–
SPGI	New	S&P GLOBAL INC	$1,845,000	–	17,201	–	0.87%	–
DHR	New	DANAHER CORP DEL	$1,780,000	–	17,623	–	0.84%	–
TY	New	TRI CONTL CORP	$1,769,000	–	86,114	–	0.83%	–
AAPL	New	APPLE INC	$1,741,000	–	18,193	–	0.82%	–
MKL	New	MARKEL CORP	$1,563,000	–	1,641	–	0.73%	–
MMC	New	MARSH & MCLENNAN COS INC	$1,523,000	–	22,251	–	0.72%	–
WFC	New	WELLS FARGO & CO NEW	$1,420,000	–	30,021	–	0.67%	–
GIL	New	GILDAN ACTIVEWEAR INC	$1,379,000	–	47,024	–	0.65%	–
JNJ	New	JOHNSON & JOHNSON	$1,312,000	–	10,824	–	0.62%	–
IEMG	New	ISHARES INCcore msci emkt	$1,268,000	–	30,300	–	0.60%	–
KO	New	COCA COLA CO	$1,243,000	–	27,403	–	0.58%	–
TOWN	New	TOWNEBANK PORTSMOUTH VA	$1,191,000	–	55,036	–	0.56%	–
AGG	New	ISHARES TRcore us aggbd et	$1,182,000	–	10,516	–	0.56%	–
UDR	New	UDR INC	$1,050,000	–	28,422	–	0.49%	–
GE	New	GENERAL ELECTRIC CO	$1,034,000	–	32,882	–	0.48%	–
JPM	New	JPMORGAN CHASE & CO	$970,000	–	15,603	–	0.46%	–
PFE	New	PFIZER INC	$915,000	–	25,950	–	0.43%	–
PG	New	PROCTER & GAMBLE CO	$903,000	–	10,678	–	0.42%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$868,000	–	4	–	0.41%	–
GOOG	New	ALPHABET INCcap stk cl c	$864,000	–	1,250	–	0.40%	–
MCD	New	MCDONALDS CORP	$847,000	–	7,047	–	0.40%	–
KMI	New	KINDER MORGAN INC DEL	$811,000	–	43,323	–	0.38%	–
MSFT	New	MICROSOFT CORP	$680,000	–	13,300	–	0.32%	–
ET	New	ENERGY TRANSFER EQUITY L P	$614,000	–	42,816	–	0.29%	–
PM	New	PHILIP MORRIS INTL INC	$612,000	–	6,029	–	0.29%	–
GOOGL	New	ALPHABET INCcap stk cl a	$595,000	–	847	–	0.28%	–
MO	New	ALTRIA GROUP INC	$580,000	–	8,407	–	0.27%	–
UNH	New	UNITEDHEALTH GROUP INC	$579,000	–	4,088	–	0.27%	–
IVV	New	ISHARES TRcore s&p500 etf	$546,000	–	2,595	–	0.26%	–
FELE	New	FRANKLIN ELEC INC	$529,000	–	16,000	–	0.25%	–
VZ	New	VERIZON COMMUNICATIONS INC	$523,000	–	9,377	–	0.24%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$519,000	–	3,416	–	0.24%	–
DIS	New	DISNEY WALT CO	$506,000	–	5,170	–	0.24%	–
CSCO	New	CISCO SYS INC	$501,000	–	17,449	–	0.24%	–
MMM	New	3M CO	$486,000	–	2,768	–	0.23%	–
MRK	New	MERCK & CO INC	$480,000	–	8,344	–	0.22%	–
IJH	New	ISHARES TRcore s&p mcp etf	$465,000	–	3,113	–	0.22%	–
NKE	New	NIKE INCcl b	$454,000	–	8,252	–	0.21%	–
PEP	New	PEPSICO INC	$438,000	–	4,136	–	0.21%	–
HCA	New	HCA HOLDINGS INC	$437,000	–	5,676	–	0.20%	–
T	New	AT&T INC	$437,000	–	10,111	–	0.20%	–
NLSN	New	NIELSEN HLDGS PLC	$436,000	–	8,405	–	0.20%	–
UTX	New	UNITED TECHNOLOGIES CORP	$423,000	–	4,125	–	0.20%	–
SCHE	New	SCHWAB STRATEGIC TRemrg mkteq etf	$416,000	–	19,514	–	0.20%	–
CBS	New	CBS CORP NEWcl b	$394,000	–	7,259	–	0.18%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$384,000	–	6,869	–	0.18%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$384,000	–	4,540	–	0.18%	–
VRSK	New	VERISK ANALYTICS INC	$382,000	–	4,726	–	0.18%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$378,000	–	2,996	–	0.18%	–
GIS	New	GENERAL MLS INC	$377,000	–	5,300	–	0.18%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$376,000	–	5,136	–	0.18%	–
EMR	New	EMERSON ELEC CO	$367,000	–	7,040	–	0.17%	–
ATVI	New	ACTIVISION BLIZZARD INC	$361,000	–	9,120	–	0.17%	–
AMZN	New	AMAZON COM INC	$354,000	–	496	–	0.17%	–
AMLP	New	ALPS ETF TRalerian mlp	$354,000	–	27,855	–	0.17%	–
MDLZ	New	MONDELEZ INTL INCcl a	$346,000	–	7,617	–	0.16%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$343,000	–	2,600	–	0.16%	–
BBT	New	BB&T CORP	$330,000	–	9,255	–	0.16%	–
MD	New	MEDNAX INC	$327,000	–	4,512	–	0.15%	–
CVS	New	CVS HEALTH CORP	$325,000	–	3,391	–	0.15%	–
INTU	New	INTUIT	$317,000	–	2,842	–	0.15%	–
CVX	New	CHEVRON CORP NEW	$317,000	–	3,016	–	0.15%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$305,000	–	3,822	–	0.14%	–
GILD	New	GILEAD SCIENCES INC	$305,000	–	3,654	–	0.14%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$295,000	–	2,450	–	0.14%	–
NWL	New	NEWELL BRANDS INC	$294,000	–	6,052	–	0.14%	–
CBRE	New	CBRE GROUP INCcl a	$289,000	–	10,900	–	0.14%	–
MPV	New	BABSON CAP PARTN INVS TRsh ben int	$284,000	–	19,250	–	0.13%	–
FDX	New	FEDEX CORP	$284,000	–	1,872	–	0.13%	–
F	New	FORD MTR CO DEL	$282,000	–	22,377	–	0.13%	–
PRGO	New	PERRIGO CO PLC	$282,000	–	3,101	–	0.13%	–
ABBV	New	ABBVIE INC	$277,000	–	4,471	–	0.13%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$273,000	–	11,438	–	0.13%	–
HON	New	HONEYWELL INTL INC	$268,000	–	2,306	–	0.13%	–
COF	New	CAPITAL ONE FINL CORP	$269,000	–	4,221	–	0.13%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$267,000	–	4,522	–	0.12%	–
DD	New	DU PONT E I DE NEMOURS & CO	$259,000	–	4,000	–	0.12%	–
INTC	New	INTEL CORP	$260,000	–	7,937	–	0.12%	–
PNC	New	PNC FINL SVCS GROUP INC	$253,000	–	3,104	–	0.12%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$252,000	–	3,162	–	0.12%	–
LOW	New	LOWES COS INC	$250,000	–	3,150	–	0.12%	–
HD	New	HOME DEPOT INC	$247,000	–	1,927	–	0.12%	–
FB	New	FACEBOOK INCcl a	$245,000	–	2,140	–	0.12%	–
ABT	New	ABBOTT LABS	$231,000	–	5,833	–	0.11%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLdiv app etf	$226,000	–	2,720	–	0.11%	–
IMS	New	IMS HEALTH HLDGS INC	$222,000	–	8,738	–	0.10%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$220,000	–	9,351	–	0.10%	–
RHP	New	RYMAN HOSPITALITY PPTYS INC	$211,000	–	4,151	–	0.10%	–
LEN	New	LENNAR CORPcl a	$211,000	–	4,580	–	0.10%	–
DE	New	DEERE & CO	$212,000	–	2,600	–	0.10%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$206,000	–	3,680	–	0.10%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$201,000	–	1,877	–	0.09%	–
TNGO	New	TANGOE INC	$179,000	–	23,216	–	0.08%	–
BAC	New	BANK AMER CORP	$148,000	–	11,192	–	0.07%	–

Q4 2015

			Value		Shares		↓ Weighting
HK	Exit	HALCON RES CORP	$0	–	-44,999	–	-0.01%	–
ACG	Exit	ALLIANCEBERNSTEIN INCOME FUN	$0	–	-11,937	–	-0.06%	–
MUNI	Exit	PIMCO ETF TRinter mun bd act	$0	–	-3,740	–	-0.12%	–
CI	Exit	CIGNA CORPORATION	$0	–	-1,536	–	-0.13%	–
VDE	Exit	VANGUARD WORLD FDSenergy etf	$0	–	-2,432	–	-0.13%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-2,997	–	-0.13%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-2,877	–	-0.13%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-2,615	–	-0.13%	–
F	Exit	FORD MTR CO DEL	$0	–	-16,031	–	-0.13%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-4,000	–	-0.14%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-3,120	–	-0.14%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,002	–	-0.14%	–
QCOM	Exit	QUALCOMM INC	$0	–	-4,334	–	-0.14%	–
MD	Exit	MEDNAX INC	$0	–	-3,060	–	-0.14%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-5,910	–	-0.14%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-5,565	–	-0.15%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-5,919	–	-0.15%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-4,522	–	-0.15%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-3,538	–	-0.16%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-5,917	–	-0.16%	–
AMZN	Exit	AMAZON COM INC	$0	–	-519	–	-0.16%	–
CFX	Exit	COLFAX CORP	$0	–	-9,000	–	-0.16%	–
ABT	Exit	ABBOTT LABS	$0	–	-6,697	–	-0.16%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-3,404	–	-0.17%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-3,893	–	-0.17%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-9,009	–	-0.17%	–
ABBV	Exit	ABBVIE INC	$0	–	-5,237	–	-0.18%	–
FDX	Exit	FEDEX CORP	$0	–	-1,974	–	-0.18%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-3,304	–	-0.18%	–
GIS	Exit	GENERAL MLS INC	$0	–	-5,300	–	-0.18%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-3,386	–	-0.18%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-3,249	–	-0.19%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-3,896	–	-0.19%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-2,900	–	-0.19%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-4,019	–	-0.19%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-3,236	–	-0.19%	–
MPV	Exit	BABSON CAP PARTN INVS TRsh ben int	$0	–	-23,942	–	-0.19%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,979	–	-0.20%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,916	–	-0.20%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-3,167	–	-0.20%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-7,565	–	-0.20%	–
SCHE	Exit	SCHWAB STRATEGIC TRemrg mkteq etf	$0	–	-17,152	–	-0.21%	–
CSCO	Exit	CISCO SYS INC	$0	–	-13,848	–	-0.22%	–
BBT	Exit	BB&T CORP	$0	–	-10,374	–	-0.23%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-3,380	–	-0.24%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-7,957	–	-0.24%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLdiv app etf	$0	–	-5,646	–	-0.26%	–
FELE	Exit	FRANKLIN ELEC INC	$0	–	-16,000	–	-0.27%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-10,000	–	-0.27%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-10,015	–	-0.27%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-7,533	–	-0.27%	–
PEP	Exit	PEPSICO INC	$0	–	-4,776	–	-0.28%	–
MMM	Exit	3M CO	$0	–	-3,432	–	-0.30%	–
T	Exit	AT&T INC	$0	–	-16,236	–	-0.32%	–
DIS	Exit	DISNEY WALT CO	$0	–	-5,197	–	-0.33%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-2,830	–	-0.34%	–
NKE	Exit	NIKE INCcl b	$0	–	-4,462	–	-0.34%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,859	–	-0.34%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-879	–	-0.34%	–
MCD	Exit	MCDONALDS CORP	$0	–	-6,809	–	-0.41%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-1,142	–	-0.43%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-10,034	–	-0.44%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-4	–	-0.48%	–
PFE	Exit	PFIZER INC	$0	–	-27,041	–	-0.52%	–
TOWN	Exit	TOWNEBANK PORTSMOUTH VA	$0	–	-48,568	–	-0.56%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-38,414	–	-0.60%	–
UDR	Exit	UDR INC	$0	–	-28,422	–	-0.60%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-17,058	–	-0.64%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-11,450	–	-0.66%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-7,834	–	-0.66%	–
KO	Exit	COCA COLA CO	$0	–	-28,678	–	-0.71%	–
AAPL	Exit	APPLE INC	$0	–	-11,499	–	-0.78%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-24,856	–	-0.80%	–
MKL	Exit	MARKEL CORP	$0	–	-1,758	–	-0.87%	–
MHFI	Exit	MCGRAW HILL FINL INC	$0	–	-17,100	–	-0.91%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-50,794	–	-0.94%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-57,679	–	-0.98%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-19,131	–	-1.00%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-17,025	–	-1.03%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-34,285	–	-1.08%	–
SCHB	Exit	SCHWAB STRATEGIC TRus brd mkt etf	$0	–	-42,115	–	-1.20%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-15,804	–	-1.27%	–
VT	Exit	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$0	–	-43,638	–	-1.48%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-35,962	–	-1.64%	–
ACWI	Exit	ISHARES TRmsci acwi etf	$0	–	-53,692	–	-1.78%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-51,749	–	-1.81%	–
DEL	Exit	DELTIC TIMBER CORP	$0	–	-50,702	–	-1.86%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-52,402	–	-2.04%	–
SCHF	Exit	SCHWAB STRATEGIC TRintl eqty etf	$0	–	-122,564	–	-2.06%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-49,538	–	-2.33%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-25,700	–	-2.78%	–
MUSA	Exit	MURPHY USA INC	$0	–	-92,608	–	-3.13%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-145,600	–	-3.19%	–
IEFA	Exit	ISHARES TRcore msci eafe	$0	–	-117,216	–	-3.81%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-38,121	–	-4.49%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-388,125	–	-5.77%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-309,800	–	-6.30%	–
CB	Exit	CHUBB CORP	$0	–	-86,580	–	-6.53%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-1,396,544	–	-19.90%	–

Q3 2015

			Value		Shares		↓ Weighting
KYN	Buy	KAYNE ANDERSON MLP INVT CO	$32,368,000	+8.8%	1,396,544	+44.1%	19.90%	+3.4%
CB	Sell	CHUBB CORP	$10,620,000	+26.1%	86,580	-2.2%	6.53%	+19.8%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$10,252,000	+168.1%	309,800	+231.2%	6.30%	+154.8%
MUR	Sell	MURPHY OIL CORP	$9,392,000	-41.8%	388,125	-0.1%	5.77%	-44.8%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$7,306,000	+23.2%	38,121	+32.3%	4.49%	+17.1%
IEFA	New	ISHARES TRcore msci eafe	$6,193,000	–	117,216	–	3.81%	–
MUSA	Sell	MURPHY USA INC	$5,088,000	-3.2%	92,608	-1.7%	3.13%	-8.1%
VOO	Sell	VANGUARD INDEX FDS	$4,516,000	-33.4%	25,700	-28.4%	2.78%	-36.7%
NSC	Buy	NORFOLK SOUTHERN CORP	$3,784,000	-5.9%	49,538	+7.6%	2.33%	-10.6%
SCHF	Buy	SCHWAB STRATEGIC TRintl eqty etf	$3,355,000	+163.1%	122,564	+193.1%	2.06%	+150.1%
HRL	Buy	HORMEL FOODS CORP	$3,318,000	+12.3%	52,402	+0.0%	2.04%	+6.7%
DEL	Sell	DELTIC TIMBER CORP	$3,031,000	-13.9%	50,702	-2.6%	1.86%	-18.2%
CMCSA	Sell	COMCAST CORP NEWcl a	$2,943,000	-5.6%	51,749	-0.1%	1.81%	-10.3%
ACWI	Sell	ISHARES TRmsci acwi etf	$2,896,000	-27.6%	53,692	-20.3%	1.78%	-31.2%
XOM	Buy	EXXON MOBIL CORP	$2,674,000	-0.9%	35,962	+11.1%	1.64%	-5.8%
VT	Buy	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$2,415,000	-1.7%	43,638	+9.2%	1.48%	-6.7%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$2,062,000	-7.7%	15,804	-3.8%	1.27%	-12.3%
SCHB	Buy	SCHWAB STRATEGIC TRus brd mkt etf	$1,953,000	+13.2%	42,115	+22.6%	1.20%	+7.5%
WFC	Sell	WELLS FARGO & CO NEW	$1,759,000	-9.7%	34,285	-1.0%	1.08%	-14.2%
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$1,681,000	+101.8%	17,025	+118.6%	1.03%	+91.8%
DHR	Buy	DANAHER CORP DEL	$1,630,000	+0.6%	19,131	+1.1%	1.00%	-4.5%
KMI	Buy	KINDER MORGAN INC DEL	$1,597,000	+15.3%	57,679	+59.9%	0.98%	+9.6%
GIL	Sell	GILDAN ACTIVEWEAR INC	$1,532,000	-9.5%	50,794	-0.3%	0.94%	-14.1%
MHFI	New	MCGRAW HILL FINL INC	$1,479,000	–	17,100	–	0.91%	–
MKL	Sell	MARKEL CORP	$1,410,000	-3.4%	1,758	-3.6%	0.87%	-8.3%
MMC	Sell	MARSH & MCLENNAN COS INC	$1,298,000	-15.4%	24,856	-8.1%	0.80%	-19.6%
AAPL	Sell	APPLE INC	$1,267,000	-70.3%	11,499	-66.2%	0.78%	-71.8%
KO	Buy	COCA COLA CO	$1,151,000	+81.5%	28,678	+77.3%	0.71%	+72.7%
IJH	Sell	ISHARES TRcore s&p mcp etf	$1,070,000	-15.1%	7,834	-6.8%	0.66%	-19.3%
JNJ	Buy	JOHNSON & JOHNSON	$1,070,000	-3.3%	11,450	+0.8%	0.66%	-8.1%
JPM	Sell	JPMORGAN CHASE & CO	$1,040,000	-13.4%	17,058	-3.9%	0.64%	-17.8%
UDR	Sell	UDR INC	$980,000	+5.8%	28,422	-1.7%	0.60%	+0.7%
GE	Buy	GENERAL ELECTRIC CO	$971,000	+31.6%	38,414	+38.0%	0.60%	+24.9%
TOWN	Buy	TOWNEBANK PORTSMOUTH VA	$916,000	+332.1%	48,568	+273.3%	0.56%	+310.9%
PFE	Buy	PFIZER INC	$847,000	+177.7%	27,041	+197.4%	0.52%	+164.5%
PG	Buy	PROCTER & GAMBLE CO	$721,000	+30.1%	10,034	+41.0%	0.44%	+23.7%
GOOG	Sell	GOOGLE INCcl c	$695,000	+8.6%	1,142	-6.9%	0.43%	+3.1%
MCD	Buy	MCDONALDS CORP	$671,000	+95.1%	6,809	+88.7%	0.41%	+85.2%
GOOGL	Sell	GOOGLE INCcl a	$561,000	+9.6%	879	-7.4%	0.34%	+4.2%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$559,000	+13.6%	3,859	+27.8%	0.34%	+8.2%
NKE	Sell	NIKE INCcl b	$548,000	+2.2%	4,462	-10.2%	0.34%	-2.9%
IVV	Sell	ISHARES TRcore s&p500 etf	$545,000	-8.4%	2,830	-1.4%	0.34%	-13.0%
DIS	Buy	DISNEY WALT CO	$531,000	-10.0%	5,197	+0.8%	0.33%	-14.7%
T	Buy	AT&T INC	$528,000	+60.0%	16,236	+74.0%	0.32%	+51.9%
MMM	Buy	3M CO	$488,000	+3.8%	3,432	+12.5%	0.30%	-1.3%
PEP	Buy	PEPSICO INC	$450,000	+43.8%	4,776	+43.2%	0.28%	+36.5%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$446,000	-4.3%	7,533	+7.9%	0.27%	-9.3%
MSFT	Sell	MICROSOFT CORP	$444,000	-55.2%	10,015	-55.4%	0.27%	-57.4%
VZ	Sell	VERIZON COMMUNICATIONS INC	$437,000	-7.4%	10,000	-1.9%	0.27%	-11.8%
MRK	Buy	MERCK & CO INC NEW	$394,000	+0.8%	7,957	+15.8%	0.24%	-4.3%
UNH	Buy	UNITEDHEALTH GROUP INC	$392,000	+0.8%	3,380	+6.3%	0.24%	-4.4%
BBT	Buy	BB&T CORP	$369,000	+21.4%	10,374	+37.9%	0.23%	+15.2%
CSCO	Buy	CISCO SYS INC	$363,000	-1.6%	13,848	+2.9%	0.22%	-6.7%
SCHE	Sell	SCHWAB STRATEGIC TRemrg mkteq etf	$346,000	-42.5%	17,152	-29.9%	0.21%	-45.4%
EMR	Sell	EMERSON ELEC CO	$333,000	-21.3%	7,565	-1.0%	0.20%	-25.2%
MO	Buy	ALTRIA GROUP INC	$323,000	+14.1%	5,916	+2.4%	0.20%	+8.7%
PM	Sell	PHILIP MORRIS INTL INC	$317,000	-21.5%	3,979	-21.2%	0.20%	-25.3%
MPV	New	BABSON CAP PARTN INVS TRsh ben int	$316,000	–	23,942	–	0.19%	–
CVS	Buy	CVS HEALTH CORP	$312,000	-1.9%	3,236	+6.6%	0.19%	-6.8%
HCA	Sell	HCA HOLDINGS INC	$311,000	-16.2%	4,019	-2.0%	0.19%	-20.4%
CVX	Sell	CHEVRON CORP NEW	$308,000	-18.7%	3,896	-0.8%	0.19%	-22.9%
HON	Buy	HONEYWELL INTL INC	$307,000	+50.5%	3,249	+61.7%	0.19%	+43.2%
UTX	Buy	UNITED TECHNOLOGIES CORP	$300,000	+5.6%	3,386	+31.5%	0.18%	0.0%
GIS	Sell	GENERAL MLS INC	$297,000	-3.9%	5,300	-4.3%	0.18%	-8.5%
PNC	New	PNC FINL SVCS GROUP INC	$295,000	–	3,304	–	0.18%	–
ABBV	Buy	ABBVIE INC	$285,000	+29.0%	5,237	+59.8%	0.18%	+22.4%
ATVI	Sell	ACTIVISION BLIZZARD INC	$278,000	+18.3%	9,009	-7.2%	0.17%	+12.5%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTord	$270,000	-2.9%	3,404	-2.5%	0.17%	-7.8%
ABT	Buy	ABBOTT LABS	$269,000	+21.7%	6,697	+48.9%	0.16%	+15.4%
CFX	Sell	COLFAX CORP	$269,000	-38.0%	9,000	-4.3%	0.16%	-41.3%
AMZN	Sell	AMAZON COM INC	$265,000	-22.7%	519	-34.6%	0.16%	-26.6%
NLSN	New	NIELSEN HLDGS PLC	$263,000	–	5,917	–	0.16%	–
AXP	New	AMERICAN EXPRESS CO	$262,000	–	3,538	–	0.16%	–
MDLZ	Buy	MONDELEZ INTL INCcl a	$247,000	+5.1%	5,919	+3.4%	0.15%	0.0%
TSN	Buy	TYSON FOODS INCcl a	$240,000	+17.6%	5,565	+16.4%	0.15%	+12.1%
CBS	New	CBS CORP NEWcl b	$236,000	–	5,910	–	0.14%	–
QCOM	New	QUALCOMM INC	$234,000	–	4,334	–	0.14%	–
HD	New	HOME DEPOT INC	$231,000	–	2,002	–	0.14%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$220,000	–	4,000	–	0.14%	–
F	Buy	FORD MTR CO DEL	$218,000	+13.5%	16,031	+25.0%	0.13%	+8.1%
MKC	New	MCCORMICK & CO INC	$215,000	–	2,615	–	0.13%	–
VDE	Sell	VANGUARD WORLD FDSenergy etf	$206,000	-78.9%	2,432	-73.3%	0.13%	-79.9%
SLB	New	SCHLUMBERGER LTD	$207,000	–	2,997	–	0.13%	–
MUNI	Sell	PIMCO ETF TRinter mun bd act	$200,000	-14.5%	3,740	-15.2%	0.12%	-18.5%
ACG	New	ALLIANCEBERNSTEIN INCOME FUN	$94,000	–	11,937	–	0.06%	–
HK	Sell	HALCON RES CORP	$23,000	-77.9%	44,999	-49.7%	0.01%	-79.1%
KMIWS	Exit	KINDER MORGAN INC DEL*w exp 05/25/201	$0	–	-11,900	–	-0.02%	–
OCN	Exit	OCWEN FINL CORP	$0	–	-12,875	–	-0.08%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-2,345	–	-0.13%	–
DE	Exit	DEERE & CO	$0	–	-2,100	–	-0.13%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFut ser 1	$0	–	-1,178	–	-0.14%	–
INTU	Exit	INTUIT	$0	–	-2,120	–	-0.14%	–
CBRE	Exit	CBRE GROUP INCcl a	$0	–	-5,978	–	-0.14%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-2,850	–	-0.14%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-1,897	–	-0.14%	–
IWR	Exit	ISHARES TRrus mid-cap etf	$0	–	-1,330	–	-0.15%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-7,426	–	-0.15%	–
NLSN	Exit	NIELSEN N V	$0	–	-5,917	–	-0.17%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-5,515	–	-0.17%	–
BIIB	Exit	BIOGEN INC	$0	–	-668	–	-0.18%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-3,726	–	-0.20%	–

Q2 2015

			Value		Shares		↓ Weighting
KYN	New	KAYNE ANDERSON MLP INVT CO	$29,739,000	–	969,008	–	19.24%	–
MUR	New	MURPHY OIL CORP	$16,151,000	–	388,530	–	10.45%	–
CB	New	CHUBB CORP	$8,422,000	–	88,547	–	5.45%	–
VOO	New	VANGUARD INDEX FDS	$6,779,000	–	35,900	–	4.39%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$5,930,000	–	28,809	–	3.84%	–
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$5,773,000	–	145,600	–	3.74%	–
MUSA	New	MURPHY USA INC	$5,257,000	–	94,178	–	3.40%	–
AAPL	New	APPLE INC	$4,266,000	–	33,996	–	2.76%	–
NSC	New	NORFOLK SOUTHERN CORP	$4,023,000	–	46,053	–	2.60%	–
ACWI	New	ISHARESmsci acwi etf	$4,000,000	–	67,330	–	2.59%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$3,824,000	–	93,548	–	2.47%	–
DEL	New	DELTIC TIMBER CORP	$3,521,000	–	52,035	–	2.28%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,117,000	–	51,810	–	2.02%	–
HRL	New	HORMEL FOODS CORP	$2,954,000	–	52,400	–	1.91%	–
XOM	New	EXXON MOBIL CORP	$2,697,000	–	32,374	–	1.74%	–
VT	New	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$2,458,000	–	39,967	–	1.59%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$2,235,000	–	16,431	–	1.45%	–
WFC	New	WELLS FARGO & CO NEW	$1,947,000	–	34,630	–	1.26%	–
SCHB	New	SCHWAB STRATEGIC TRus brd mkt etf	$1,726,000	–	34,355	–	1.12%	–
GIL	New	GILDAN ACTIVEWEAR INC	$1,693,000	–	50,947	–	1.10%	–
DHR	New	DANAHER CORP DEL	$1,621,000	–	18,931	–	1.05%	–
MMC	New	MARSH & MCLENNAN COS INC	$1,534,000	–	27,051	–	0.99%	–
MKL	New	MARKEL CORP	$1,460,000	–	1,823	–	0.94%	–
KMI	New	KINDER MORGAN INC DEL	$1,385,000	–	36,079	–	0.90%	–
SCHF	New	SCHWAB STRATEGIC TRintl eqty etf	$1,275,000	–	41,822	–	0.82%	–
IJH	New	ISHARES TRcore s&p mcp etf	$1,260,000	–	8,404	–	0.82%	–
JPM	New	JPMORGAN CHASE & CO	$1,201,000	–	17,743	–	0.78%	–
JNJ	New	JOHNSON & JOHNSON	$1,106,000	–	11,364	–	0.72%	–
MSFT	New	MICROSOFT CORP	$990,000	–	22,445	–	0.64%	–
VDE	New	VANGUARD WORLD FDSenergy etf	$975,000	–	9,117	–	0.63%	–
UDR	New	UDR INC	$926,000	–	28,922	–	0.60%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$833,000	–	7,788	–	0.54%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$820,000	–	4	–	0.53%	–
GE	New	GENERAL ELECTRIC CO	$738,000	–	27,835	–	0.48%	–
GOOG	New	GOOGLE INCcl c	$640,000	–	1,227	–	0.41%	–
KO	New	COCA COLA CO	$634,000	–	16,173	–	0.41%	–
SCHE	New	SCHWAB STRATEGIC TRemrg mkteq etf	$602,000	–	24,461	–	0.39%	–
IVV	New	ISHARES TRcore s&p500 etf	$595,000	–	2,869	–	0.38%	–
DIS	New	DISNEY WALT CO	$590,000	–	5,157	–	0.38%	–
PG	New	PROCTER & GAMBLE CO	$554,000	–	7,116	–	0.36%	–
NKE	New	NIKE INCcl b	$536,000	–	4,967	–	0.35%	–
FELE	New	FRANKLIN ELEC INC	$517,000	–	16,000	–	0.34%	–
GOOGL	New	GOOGLE INCcl a	$512,000	–	949	–	0.33%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$492,000	–	3,020	–	0.32%	–
VZ	New	VERIZON COMMUNICATIONS INC	$472,000	–	10,193	–	0.30%	–
MMM	New	3M CO	$470,000	–	3,051	–	0.30%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$466,000	–	6,980	–	0.30%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLdiv app etf	$444,000	–	5,646	–	0.29%	–
CFX	New	COLFAX CORP	$434,000	–	9,400	–	0.28%	–
EMR	New	EMERSON ELEC CO	$423,000	–	7,645	–	0.27%	–
PM	New	PHILIP MORRIS INTL INC	$404,000	–	5,048	–	0.26%	–
MRK	New	MERCK & CO INC NEW	$391,000	–	6,873	–	0.25%	–
UNH	New	UNITEDHEALTH GROUP INC	$389,000	–	3,180	–	0.25%	–
CVX	New	CHEVRON CORP NEW	$379,000	–	3,929	–	0.24%	–
HCA	New	HCA HOLDINGS INC	$371,000	–	4,099	–	0.24%	–
CSCO	New	CISCO SYS INC	$369,000	–	13,464	–	0.24%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$349,000	–	2,900	–	0.23%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$346,000	–	3,167	–	0.22%	–
MCD	New	MCDONALDS CORP	$344,000	–	3,609	–	0.22%	–
AMZN	New	AMAZON COM INC	$343,000	–	793	–	0.22%	–
FDX	New	FEDEX CORP	$336,000	–	1,974	–	0.22%	–
T	New	AT&T INC	$330,000	–	9,329	–	0.21%	–
CVS	New	CVS HEALTH CORP	$318,000	–	3,036	–	0.21%	–
PEP	New	PEPSICO INC	$313,000	–	3,336	–	0.20%	–
GIS	New	GENERAL MLS INC	$309,000	–	5,540	–	0.20%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$306,000	–	3,726	–	0.20%	–
PFE	New	PFIZER INC	$305,000	–	9,093	–	0.20%	–
BBT	New	BB&T CORP	$304,000	–	7,524	–	0.20%	–
UTX	New	UNITED TECHNOLOGIES CORP	$284,000	–	2,575	–	0.18%	–
MO	New	ALTRIA GROUP INC	$283,000	–	5,779	–	0.18%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$278,000	–	3,492	–	0.18%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$277,000	–	4,522	–	0.18%	–
BIIB	New	BIOGEN INC	$270,000	–	668	–	0.18%	–
IEMG	New	ISHARES INCcore msci emkt	$265,000	–	5,515	–	0.17%	–
NLSN	New	NIELSEN N V	$265,000	–	5,917	–	0.17%	–
D	New	DOMINION RES INC VA NEW	$260,000	–	3,893	–	0.17%	–
COF	New	CAPITAL ONE FINL CORP	$253,000	–	2,877	–	0.16%	–
CI	New	CIGNA CORPORATION	$249,000	–	1,536	–	0.16%	–
ATVI	New	ACTIVISION BLIZZARD INC	$235,000	–	9,709	–	0.15%	–
MDLZ	New	MONDELEZ INTL INCcl a	$235,000	–	5,726	–	0.15%	–
MUNI	New	PIMCO ETF TRinter mun bd act	$234,000	–	4,410	–	0.15%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$231,000	–	7,426	–	0.15%	–
VRSK	New	VERISK ANALYTICS INC	$227,000	–	3,120	–	0.15%	–
MD	New	MEDNAX INC	$227,000	–	3,060	–	0.15%	–
IWR	New	ISHARES TRrus mid-cap etf	$226,000	–	1,330	–	0.15%	–
IJR	New	ISHARES TRcore s&p scp etf	$224,000	–	1,897	–	0.14%	–
APC	New	ANADARKO PETE CORP	$222,000	–	2,850	–	0.14%	–
CBRE	New	CBRE GROUP INCcl a	$221,000	–	5,978	–	0.14%	–
ABBV	New	ABBVIE INC	$221,000	–	3,277	–	0.14%	–
ABT	New	ABBOTT LABS	$221,000	–	4,497	–	0.14%	–
INTU	New	INTUIT	$214,000	–	2,120	–	0.14%	–
TOWN	New	TOWNEBANK PORTSMOUTH VA	$212,000	–	13,012	–	0.14%	–
DIA	New	SPDR DOW JONES INDL AVRG ETFut ser 1	$208,000	–	1,178	–	0.14%	–
HON	New	HONEYWELL INTL INC	$204,000	–	2,009	–	0.13%	–
DE	New	DEERE & CO	$204,000	–	2,100	–	0.13%	–
TSN	New	TYSON FOODS INCcl a	$204,000	–	4,780	–	0.13%	–
FB	New	FACEBOOK INCcl a	$200,000	–	2,345	–	0.13%	–
F	New	FORD MTR CO DEL	$192,000	–	12,826	–	0.12%	–
OCN	New	OCWEN FINL CORP	$132,000	–	12,875	–	0.08%	–
HK	New	HALCON RES CORP	$104,000	–	89,499	–	0.07%	–
KMIWS	New	KINDER MORGAN INC DEL*w exp 05/25/201	$32,000	–	11,900	–	0.02%	–

Q4 2014

			Value		Shares		↓ Weighting
TOWN	Exit	TOWNEBANK PORTSMOUTH VA	$0	–	-13,012	–	-0.13%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-2,507	–	-0.15%	–
EOG	Exit	EOG RES INC	$0	–	-2,155	–	-0.15%	–
EBAY	Exit	EBAY INC	$0	–	-3,871	–	-0.16%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-3,704	–	-0.16%	–
QCOM	Exit	QUALCOMM INC	$0	–	-2,984	–	-0.16%	–
LEN	Exit	LENNAR CORPcl a	$0	–	-5,753	–	-0.16%	–
NLSN	Exit	NIELSEN N V	$0	–	-5,159	–	-0.16%	–
INTU	Exit	INTUIT	$0	–	-2,610	–	-0.16%	–
CTXS	Exit	CITRIX SYS INC	$0	–	-3,263	–	-0.17%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-3,456	–	-0.17%	–
UBSH	Exit	UNION BANKSHARES CORP NEW	$0	–	-11,226	–	-0.19%	–
MUNI	Exit	PIMCO ETF TRinter mun bd st	$0	–	-4,902	–	-0.19%	–
F	Exit	FORD MTR CO DEL	$0	–	-17,875	–	-0.19%	–
T104PS	Exit	AMERICAN RLTY CAP PPTYS INC	$0	–	-21,858	–	-0.19%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-2,735	–	-0.20%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-4,093	–	-0.20%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-4,034	–	-0.20%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-2,850	–	-0.21%	–
GIS	Exit	GENERAL MLS INC	$0	–	-5,755	–	-0.21%	–
HAL	Exit	HALLIBURTON CO	$0	–	-4,538	–	-0.21%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-888	–	-0.21%	–
SPLK	Exit	SPLUNK INC	$0	–	-5,383	–	-0.21%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-3,781	–	-0.22%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-5,956	–	-0.22%	–
NCR	Exit	NCR CORP NEW	$0	–	-9,432	–	-0.22%	–
PEP	Exit	PEPSICO INC	$0	–	-3,354	–	-0.22%	–
T	Exit	AT&T INC	$0	–	-8,965	–	-0.23%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-3,662	–	-0.23%	–
BBT	Exit	BB&T CORP	$0	–	-8,524	–	-0.23%	–
CSCO	Exit	CISCO SYS INC	$0	–	-12,626	–	-0.23%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-2,900	–	-0.23%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-4,522	–	-0.23%	–
SCHB	Exit	SCHWAB STRATEGIC TRus brd mkt etf	$0	–	-6,770	–	-0.23%	–
DIS	Exit	DISNEY WALT CO	$0	–	-3,675	–	-0.24%	–
AMJ	Exit	JPMORGAN CHASE & COalerian ml etn	$0	–	-6,300	–	-0.24%	–
PFE	Exit	PFIZER INC	$0	–	-11,323	–	-0.24%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-3,622	–	-0.25%	–
HK	Exit	HALCON RES CORP	$0	–	-89,499	–	-0.25%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-4,368	–	-0.26%	–
FDX	Exit	FEDEX CORP	$0	–	-2,300	–	-0.27%	–
NKE	Exit	NIKE INCcl b	$0	–	-4,280	–	-0.27%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFut ser 1	$0	–	-2,292	–	-0.28%	–
MCD	Exit	MCDONALDS CORP	$0	–	-4,276	–	-0.29%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-6,995	–	-0.30%	–
MMM	Exit	3M CO	$0	–	-3,045	–	-0.31%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-2,410	–	-0.34%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-836	–	-0.35%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-848	–	-0.36%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-8,176	–	-0.37%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-4,291	–	-0.37%	–
UDR	Exit	UDR INC	$0	–	-18,922	–	-0.37%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,719	–	-0.37%	–
CFX	Exit	COLFAX CORP	$0	–	-9,400	–	-0.38%	–
FELE	Exit	FRANKLIN ELEC INC	$0	–	-16,000	–	-0.40%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-9,470	–	-0.41%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-11,793	–	-0.42%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-7,501	–	-0.45%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-6,952	–	-0.50%	–
VGK	Exit	VANGUARD INTL EQUITY INDEX Fftse europe etf	$0	–	-14,632	–	-0.58%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLdiv app etf	$0	–	-10,829	–	-0.60%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-32,675	–	-0.60%	–
KO	Exit	COCA COLA CO	$0	–	-20,145	–	-0.62%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-6,779	–	-0.66%	–
VT	Exit	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$0	–	-15,597	–	-0.68%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-9,684	–	-0.74%	–
MKL	Exit	MARKEL CORP	$0	–	-1,813	–	-0.83%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-25,330	–	-0.84%	–
ACWI	Exit	ISHARESmsci acwi etf	$0	–	-21,447	–	-0.91%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-26,106	–	-0.98%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-25,397	–	-1.00%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-20,133	–	-1.10%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-29,751	–	-1.11%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-39,515	–	-1.18%	–
DEL	Exit	DELTIC TIMBER CORP	$0	–	-26,892	–	-1.20%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-13,886	–	-1.38%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-28,051	–	-1.89%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-49,574	–	-1.91%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-52,400	–	-1.93%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-90,200	–	-2.57%	–
AAPL	Exit	APPLE INC	$0	–	-38,383	–	-2.77%	–
4945SC	Exit	KINDER MORGAN ENERGY PARTNERut ltd partner	$0	–	-47,280	–	-3.16%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-26,200	–	-3.39%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-24,146	–	-3.41%	–
MUSA	Exit	MURPHY USA INC	$0	–	-95,162	–	-3.62%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-50,638	–	-4.05%	–
CB	Exit	CHUBB CORP	$0	–	-90,555	–	-5.91%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-221,583	–	-9.04%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-904,328	–	-26.47%	–

Q3 2014

			Value		Shares		↓ Weighting
KYN	Buy	KAYNE ANDERSON MLP INVT CO	$36,936,000	+8.0%	904,328	+4.3%	26.47%	+1.9%
MUR	Sell	MURPHY OIL CORP	$12,610,000	-17.7%	221,583	-3.8%	9.04%	-22.3%
CB	Sell	CHUBB CORP	$8,247,000	-1.6%	90,555	-0.4%	5.91%	-7.1%
NSC	Sell	NORFOLK SOUTHERN CORP	$5,650,000	+7.6%	50,638	-0.7%	4.05%	+1.5%
MUSA	Buy	MURPHY USA INC	$5,050,000	+8.7%	95,162	+0.1%	3.62%	+2.5%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$4,758,000	+20.6%	24,146	+19.8%	3.41%	+13.8%
VOO	Buy	VANGUARD INDEX FDS	$4,732,000	+77.0%	26,200	+75.8%	3.39%	+66.9%
4945SC	Sell	KINDER MORGAN ENERGY PARTNERut ltd partner	$4,410,000	+8.9%	47,280	-4.0%	3.16%	+2.7%
AAPL	Sell	APPLE INC	$3,866,000	+5.7%	38,383	-2.4%	2.77%	-0.3%
VEA	Buy	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$3,585,000	+76.4%	90,200	+89.1%	2.57%	+66.4%
XOM	Buy	EXXON MOBIL CORP	$2,640,000	-5.1%	28,051	+1.5%	1.89%	-10.5%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$1,920,000	+6.6%	13,886	-2.3%	1.38%	+0.6%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$1,648,000	+12.0%	39,515	+15.8%	1.18%	+5.6%
WFC	Sell	WELLS FARGO & CO NEW	$1,544,000	-2.8%	29,751	-1.7%	1.11%	-8.4%
DHR	New	DANAHER CORP DEL	$1,530,000	–	20,133	–	1.10%	–
ACWI	Sell	ISHARESmsci acwi etf	$1,264,000	-9.8%	21,447	-7.8%	0.91%	-14.8%
MSFT	Sell	MICROSOFT CORP	$1,176,000	+5.8%	25,330	-5.2%	0.84%	-0.2%
MKL	Buy	MARKEL CORP	$1,153,000	+1.9%	1,813	+5.0%	0.83%	-4.0%
JNJ	Sell	JOHNSON & JOHNSON	$1,034,000	-7.0%	9,684	-8.8%	0.74%	-12.3%
VT	Buy	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$942,000	+0.4%	15,597	+3.2%	0.68%	-5.3%
IJH	New	ISHARES TRcore s&p mcp etf	$927,000	–	6,779	–	0.66%	–
KO	Sell	COCA COLA CO	$859,000	-0.6%	20,145	-1.3%	0.62%	-6.1%
GE	Sell	GENERAL ELECTRIC CO	$838,000	-5.5%	32,675	-3.2%	0.60%	-10.8%
VIG	Buy	VANGUARD SPECIALIZED PORTFOLdiv app etf	$833,000	-1.2%	10,829	+0.1%	0.60%	-6.7%
VGK	Buy	VANGUARD INTL EQUITY INDEX Fftse europe etf	$808,000	+21.0%	14,632	+31.4%	0.58%	+14.0%
PG	Sell	PROCTER & GAMBLE CO	$627,000	-3.4%	7,501	-9.2%	0.45%	-8.9%
VZ	Buy	VERIZON COMMUNICATIONS INC	$590,000	+38.8%	11,793	+35.5%	0.42%	+31.0%
JPM	Buy	JPMORGAN CHASE & CO	$570,000	+17.0%	9,470	+11.8%	0.41%	+10.3%
CFX	New	COLFAX CORP	$536,000	–	9,400	–	0.38%	–
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$516,000	-13.4%	2,719	-17.2%	0.37%	-18.3%
CVX	Buy	CHEVRON CORP NEW	$513,000	0.0%	4,291	+8.9%	0.37%	-5.6%
EMR	Buy	EMERSON ELEC CO	$512,000	-3.8%	8,176	+2.0%	0.37%	-9.2%
GOOGL	Buy	GOOGLE INCcl a	$500,000	+8.7%	848	+8.2%	0.36%	+2.6%
GOOG	Buy	GOOGLE INCcl c	$483,000	+6.9%	836	+6.6%	0.35%	+0.9%
MMM	Sell	3M CO	$430,000	-32.6%	3,045	-31.6%	0.31%	-36.5%
MRK	Buy	MERCK & CO INC NEW	$416,000	+2.5%	6,995	+0.2%	0.30%	-3.2%
MCD	Sell	MCDONALDS CORP	$405,000	-17.8%	4,276	-12.8%	0.29%	-22.7%
NKE	Sell	NIKE INCcl b	$382,000	-6.4%	4,280	-18.6%	0.27%	-11.6%
PM	Buy	PHILIP MORRIS INTL INC	$365,000	+9.0%	4,368	+9.8%	0.26%	+2.7%
AMJ	New	JPMORGAN CHASE & COalerian ml etn	$334,000	–	6,300	–	0.24%	–
PFE	New	PFIZER INC	$334,000	–	11,323	–	0.24%	–
DIS	Buy	DISNEY WALT CO	$328,000	+28.6%	3,675	+23.4%	0.24%	+21.1%
SCHB	Buy	SCHWAB STRATEGIC TRus brd mkt etf	$323,000	+42.3%	6,770	+41.9%	0.23%	+34.3%
CSCO	Sell	CISCO SYS INC	$318,000	-24.8%	12,626	-25.9%	0.23%	-29.0%
T	Sell	AT&T INC	$315,000	-2.2%	8,965	-1.9%	0.23%	-7.8%
UNH	Buy	UNITEDHEALTH GROUP INC	$315,000	+26.5%	3,662	+20.4%	0.23%	+19.6%
NCR	Buy	NCR CORP NEW	$314,000	+20.3%	9,432	+26.6%	0.22%	+13.6%
PEP	Buy	PEPSICO INC	$314,000	+5.0%	3,354	+0.8%	0.22%	-0.9%
FB	New	FACEBOOK INCcl a	$300,000	–	3,781	–	0.22%	–
BIIB	Sell	BIOGEN IDEC INC	$294,000	-16.2%	888	-20.2%	0.21%	-21.0%
HAL	Buy	HALLIBURTON CO	$293,000	+41.5%	4,538	+55.7%	0.21%	+33.8%
GIS	Buy	GENERAL MLS INC	$289,000	+9.5%	5,755	+15.1%	0.21%	+3.0%
HCA	New	HCA HOLDINGS INC	$284,000	–	4,034	–	0.20%	–
SLB	Buy	SCHLUMBERGER LTD	$279,000	+18.2%	2,735	+37.1%	0.20%	+11.7%
F	Buy	FORD MTR CO DEL	$264,000	+19.5%	17,875	+39.5%	0.19%	+12.5%
MUNI	Sell	PIMCO ETF TRinter mun bd st	$262,000	-11.2%	4,902	-11.3%	0.19%	-16.1%
NLSN	New	NIELSEN N V	$229,000	–	5,159	–	0.16%	–
QCOM	New	QUALCOMM INC	$223,000	–	2,984	–	0.16%	–
LEN	New	LENNAR CORPcl a	$223,000	–	5,753	–	0.16%	–
EBAY	New	EBAY INC	$219,000	–	3,871	–	0.16%	–
TOWN	Buy	TOWNEBANK PORTSMOUTH VA	$178,000	-0.6%	13,012	+13.9%	0.13%	-5.9%
ORCL	Exit	ORACLE CORP	$0	–	-5,120	–	-0.16%	–
MCRS	Exit	MICROS SYS INC	$0	–	-3,080	–	-0.16%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-2,854	–	-0.16%	–
DOV	Exit	DOVER CORP	$0	–	-2,340	–	-0.16%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-5,833	–	-0.17%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-2,029	–	-0.17%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-3,066	–	-0.18%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-5,138	–	-0.23%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-4,889	–	-0.29%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-3	–	-0.43%	–

Q2 2014

			Value		Shares		↓ Weighting
KYN	New	KAYNE ANDERSON MLP INVT CO	$34,186,000	–	867,393	–	25.97%	–
MUR	New	MURPHY OIL CORP	$15,314,000	–	230,360	–	11.64%	–
CB	New	CHUBB CORP	$8,378,000	–	90,883	–	6.36%	–
NSC	New	NORFOLK SOUTHERN CORP	$5,252,000	–	50,975	–	3.99%	–
MUSA	New	MURPHY USA INC	$4,647,000	–	95,049	–	3.53%	–
4945SC	New	KINDER MORGAN ENERGY PARTNERut ltd partner	$4,051,000	–	49,275	–	3.08%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$3,945,000	–	20,158	–	3.00%	–
AAPL	New	APPLE INC	$3,657,000	–	39,347	–	2.78%	–
XOM	New	EXXON MOBIL CORP	$2,781,000	–	27,644	–	2.11%	–
VOO	New	VANGUARD INDEX FDS	$2,674,000	–	14,900	–	2.03%	–
CMCSA	New	COMCAST CORP NEWcl a	$2,662,000	–	49,574	–	2.02%	–
HRL	New	HORMEL FOODS CORP	$2,586,000	–	52,400	–	1.96%	–
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$2,032,000	–	47,700	–	1.54%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$1,801,000	–	14,206	–	1.37%	–
DEL	New	DELTIC TIMBER CORP	$1,625,000	–	26,892	–	1.24%	–
WFC	New	WELLS FARGO & CO NEW	$1,588,000	–	30,251	–	1.21%	–
GIL	New	GILDAN ACTIVEWEAR INC	$1,495,000	–	25,397	–	1.14%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$1,472,000	–	34,115	–	1.12%	–
ACWI	New	ISHARESmsci acwi etf	$1,401,000	–	23,269	–	1.06%	–
MMC	New	MARSH & MCLENNAN COS INC	$1,353,000	–	26,106	–	1.03%	–
MKL	New	MARKEL CORP	$1,132,000	–	1,726	–	0.86%	–
MSFT	New	MICROSOFT CORP	$1,112,000	–	26,725	–	0.84%	–
JNJ	New	JOHNSON & JOHNSON	$1,112,000	–	10,615	–	0.84%	–
VT	New	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$938,000	–	15,111	–	0.71%	–
GE	New	GENERAL ELECTRIC CO	$887,000	–	33,766	–	0.67%	–
KO	New	COCA COLA CO	$864,000	–	20,407	–	0.66%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLdiv app etf	$843,000	–	10,815	–	0.64%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$708,000	–	6,952	–	0.54%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$668,000	–	11,132	–	0.51%	–
HK	New	HALCON RES CORP	$652,000	–	89,499	–	0.50%	–
PG	New	PROCTER & GAMBLE CO	$649,000	–	8,264	–	0.49%	–
FELE	New	FRANKLIN ELEC INC	$645,000	–	16,000	–	0.49%	–
MMM	New	3M CO	$638,000	–	4,455	–	0.48%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$596,000	–	3,284	–	0.45%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$570,000	–	3	–	0.43%	–
UDR	New	UDR INC	$541,000	–	18,922	–	0.41%	–
EMR	New	EMERSON ELEC CO	$532,000	–	8,019	–	0.40%	–
CVX	New	CHEVRON CORP NEW	$513,000	–	3,941	–	0.39%	–
MCD	New	MCDONALDS CORP	$493,000	–	4,906	–	0.38%	–
JPM	New	JPMORGAN CHASE & CO	$487,000	–	8,470	–	0.37%	–
IVV	New	ISHAREScore s&p500 etf	$474,000	–	2,410	–	0.36%	–
GOOGL	New	GOOGLE INCcl a	$460,000	–	784	–	0.35%	–
GOOG	New	GOOGLE INCcl c	$452,000	–	784	–	0.34%	–
VZ	New	VERIZON COMMUNICATIONS INC	$425,000	–	8,703	–	0.32%	–
CSCO	New	CISCO SYS INC	$423,000	–	17,036	–	0.32%	–
NKE	New	NIKE INCcl b	$408,000	–	5,260	–	0.31%	–
MRK	New	MERCK & CO INC NEW	$406,000	–	6,979	–	0.31%	–
DIA	New	SPDR DOW JONES INDL AVRG ETFut ser 1	$384,000	–	2,292	–	0.29%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$383,000	–	4,889	–	0.29%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$378,000	–	3,622	–	0.29%	–
BIIB	New	BIOGEN IDEC INC	$351,000	–	1,113	–	0.27%	–
FDX	New	FEDEX CORP	$348,000	–	2,300	–	0.26%	–
PM	New	PHILIP MORRIS INTL INC	$335,000	–	3,978	–	0.26%	–
BBT	New	BB&T CORP	$335,000	–	8,524	–	0.26%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$332,000	–	2,900	–	0.25%	–
T	New	AT&T INC	$322,000	–	9,143	–	0.24%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$323,000	–	4,522	–	0.24%	–
APC	New	ANADARKO PETE CORP	$312,000	–	2,850	–	0.24%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$308,000	–	5,138	–	0.23%	–
PEP	New	PEPSICO INC	$299,000	–	3,329	–	0.23%	–
SPLK	New	SPLUNK INC	$298,000	–	5,383	–	0.23%	–
MUNI	New	PIMCO ETF TRinter mun bd st	$295,000	–	5,526	–	0.22%	–
D	New	DOMINION RES INC VA NEW	$293,000	–	4,093	–	0.22%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$289,000	–	5,956	–	0.22%	–
UBSH	New	UNION BANKSHARES CORP NEW	$288,000	–	11,226	–	0.22%	–
T104PS	New	AMERICAN RLTY CAP PPTYS INC	$274,000	–	21,858	–	0.21%	–
GIS	New	GENERAL MLS INC	$264,000	–	5,000	–	0.20%	–
NCR	New	NCR CORP NEW	$261,000	–	7,448	–	0.20%	–
DIS	New	DISNEY WALT CO	$255,000	–	2,978	–	0.19%	–
EOG	New	EOG RES INC	$252,000	–	2,155	–	0.19%	–
UNH	New	UNITEDHEALTH GROUP INC	$249,000	–	3,042	–	0.19%	–
SLB	New	SCHLUMBERGER LTD	$236,000	–	1,995	–	0.18%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$232,000	–	3,456	–	0.18%	–
WMT	New	WAL-MART STORES INC	$231,000	–	3,066	–	0.18%	–
SCHB	New	SCHWAB STRATEGIC TRus brd mkt etf	$227,000	–	4,770	–	0.17%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$226,000	–	3,704	–	0.17%	–
F	New	FORD MTR CO DEL	$221,000	–	12,818	–	0.17%	–
CAT	New	CATERPILLAR INC DEL	$220,000	–	2,029	–	0.17%	–
MDLZ	New	MONDELEZ INTL INCcl a	$219,000	–	5,833	–	0.17%	–
DOV	New	DOVER CORP	$213,000	–	2,340	–	0.16%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$212,000	–	2,854	–	0.16%	–
MCRS	New	MICROS SYS INC	$210,000	–	3,080	–	0.16%	–
INTU	New	INTUIT	$210,000	–	2,610	–	0.16%	–
COF	New	CAPITAL ONE FINL CORP	$207,000	–	2,507	–	0.16%	–
ORCL	New	ORACLE CORP	$207,000	–	5,120	–	0.16%	–
HAL	New	HALLIBURTON CO	$207,000	–	2,914	–	0.16%	–
CTXS	New	CITRIX SYS INC	$204,000	–	3,263	–	0.16%	–
TOWN	New	TOWNEBANK PORTSMOUTH VA	$179,000	–	11,421	–	0.14%	–

Q4 2013

			Value		Shares		↓ Weighting
CRESW	Exit	CRESUD SA COMERCIAL*w exp 05/22/201	$0	–	-11,220	–	-0.00%	–
TOWN	Exit	TOWNEBANK PORTSMOUTH VA	$0	–	-11,421	–	-0.15%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-4,485	–	-0.18%	–
CSCO	Exit	CISCO SYS INC	$0	–	-8,986	–	-0.18%	–
DOV	Exit	DOVER CORP	$0	–	-2,340	–	-0.18%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-2,943	–	-0.20%	–
PEP	Exit	PEPSICO INC	$0	–	-2,818	–	-0.20%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-3,831	–	-0.21%	–
GIS	Exit	GENERAL MLS INC	$0	–	-5,000	–	-0.21%	–
COLE	Exit	COLE REAL ESTATE INVTS INC	$0	–	-20,000	–	-0.22%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-7,635	–	-0.22%	–
EEM	Exit	ISHARESmsci emg mkt etf	$0	–	-6,320	–	-0.23%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-1,080	–	-0.23%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-2,850	–	-0.23%	–
HK	Exit	HALCON RES CORP	$0	–	-60,499	–	-0.24%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-2,900	–	-0.25%	–
BBT	Exit	BB&T CORP	$0	–	-8,524	–	-0.25%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-4,522	–	-0.26%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-3,622	–	-0.26%	–
NKE	Exit	NIKE INCcl b	$0	–	-4,230	–	-0.27%	–
LMOS	Exit	LUMOS NETWORKS CORP	$0	–	-14,250	–	-0.27%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-6,488	–	-0.27%	–
UBSH	Exit	UNION FIRST MKT BANKSH CP	$0	–	-13,387	–	-0.28%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-6,807	–	-0.28%	–
T	Exit	AT&T INC	$0	–	-9,442	–	-0.28%	–
MMM	Exit	3M CO	$0	–	-2,737	–	-0.29%	–
FDX	Exit	FEDEX CORP	$0	–	-2,900	–	-0.29%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-4,086	–	-0.31%	–
PNM	Exit	PNM RES INC	$0	–	-15,657	–	-0.31%	–
MCD	Exit	MCDONALDS CORP	$0	–	-3,963	–	-0.34%	–
IVV	Exit	ISHAREScore s&p500 etf	$0	–	-2,410	–	-0.36%	–
KO	Exit	COCA COLA CO	$0	–	-10,826	–	-0.36%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-8,544	–	-0.39%	–
SPLK	Exit	SPLUNK INC	$0	–	-7,639	–	-0.40%	–
UDR	Exit	UDR INC	$0	–	-19,991	–	-0.42%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-7,809	–	-0.45%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-3	–	-0.45%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-4,329	–	-0.46%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,928	–	-0.48%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-622	–	-0.48%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-7,291	–	-0.49%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-6,952	–	-0.54%	–
FELE	Exit	FRANKLIN ELEC INC	$0	–	-16,000	–	-0.56%	–
MUNI	Exit	PIMCO ETF TRinter mun bd st	$0	–	-14,602	–	-0.67%	–
MKL	Exit	MARKEL CORP	$0	–	-1,586	–	-0.72%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-20,515	–	-0.73%	–
VT	Exit	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$0	–	-15,283	–	-0.75%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-35,405	–	-0.75%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-21,074	–	-0.81%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-10,693	–	-0.82%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLdiv app etf	$0	–	-15,021	–	-0.92%	–
AAPL	Exit	APPLE INC	$0	–	-2,389	–	-1.01%	–
ACWI	Exit	ISHARESmsci acwi etf	$0	–	-21,515	–	-1.02%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-25,397	–	-1.04%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-31,261	–	-1.14%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-12,664	–	-1.27%	–
DEL	Exit	DELTIC TIMBER CORP	$0	–	-26,892	–	-1.55%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-52,400	–	-1.95%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-49,533	–	-1.97%	–
MUSA	Exit	MURPHY USA INC	$0	–	-58,470	–	-2.08%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-27,902	–	-2.12%	–
EWJ	Exit	ISHARESmsci japan etf	$0	–	-222,200	–	-2.34%	–
4945SC	Exit	KINDER MORGAN ENERGY PARTNERut ltd partner	$0	–	-47,723	–	-3.36%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-81,130	–	-3.43%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-52,343	–	-3.57%	–
IYW	Exit	ISHARESu.s. tech etf	$0	–	-55,170	–	-3.84%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-36,718	–	-5.44%	–
CB	Exit	CHUBB CORP	$0	–	-91,975	–	-7.24%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-233,891	–	-12.45%	–
KYN	Exit	KAYNE ANDERSON MLP INVSMNT C	$0	–	-761,124	–	-24.07%	–

Q3 2013

			Value		Shares		↓ Weighting
KYN	Buy	KAYNE ANDERSON MLP INVSMNT C	$27,281,000	+6.5%	761,124	+15.6%	24.07%	+37.6%
MUR	Sell	MURPHY OIL CORP	$14,108,000	-2.3%	233,891	-1.3%	12.45%	+26.3%
CB	Sell	CHUBB CORP	$8,208,000	+1.5%	91,975	-3.8%	7.24%	+31.1%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$6,169,000	+31.5%	36,718	+25.5%	5.44%	+69.8%
IYW	Sell	ISHARESu.s. tech etf	$4,347,000	-76.6%	55,170	-78.1%	3.84%	-69.7%
NSC	Sell	NORFOLK SOUTHERN CORP	$4,048,000	+3.9%	52,343	-2.4%	3.57%	+34.3%
DXJ	Sell	WISDOMTREE TRjapn hedge eqt	$3,889,000	-69.9%	81,130	-71.4%	3.43%	-61.2%
4945SC	Sell	KINDER MORGAN ENERGY PARTNERut ltd partner	$3,810,000	-6.8%	47,723	-0.2%	3.36%	+20.5%
XOM	Buy	EXXON MOBIL CORP	$2,402,000	-3.7%	27,902	+1.1%	2.12%	+24.4%
MUSA	New	MURPHY USA INC	$2,361,000	–	58,470	–	2.08%	–
CMCSA	Sell	COMCAST CORP NEWcl a	$2,235,000	+5.2%	49,533	-2.7%	1.97%	+35.9%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$1,435,000	-2.0%	12,664	-3.2%	1.27%	+26.6%
WFC	Sell	WELLS FARGO & CO NEW	$1,293,000	-1.3%	31,261	-1.6%	1.14%	+27.5%
ACWI	Sell	ISHARESmsci acwi etf	$1,160,000	-13.0%	21,515	-19.2%	1.02%	+12.3%
AAPL	Sell	APPLE INC	$1,141,000	-47.0%	2,389	-55.9%	1.01%	-31.5%
VIG	Sell	VANGUARD SPECIALIZED PORTFOLdiv app etf	$1,046,000	-11.8%	15,021	-16.2%	0.92%	+14.0%
VT	Sell	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$848,000	+5.2%	15,283	-2.1%	0.75%	+36.0%
GE	Sell	GENERAL ELECTRIC CO	$848,000	-0.1%	35,405	-3.1%	0.75%	+29.0%
VWO	Sell	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$823,000	-44.0%	20,515	-45.9%	0.73%	-27.7%
MUNI	New	PIMCO ETF TRinter mun bd st	$762,000	–	14,602	–	0.67%	–
PG	Buy	PROCTER & GAMBLE CO	$552,000	+0.5%	7,291	+2.3%	0.49%	+29.9%
EMR	Sell	EMERSON ELEC CO	$505,000	+15.6%	7,809	-2.6%	0.45%	+49.7%
UDR	Buy	UDR INC	$474,000	-4.4%	19,991	+2.9%	0.42%	+23.3%
JPM	Buy	JPMORGAN CHASE & CO	$442,000	-0.2%	8,544	+2.0%	0.39%	+28.7%
KO	Sell	COCA COLA CO	$410,000	-8.7%	10,826	-3.1%	0.36%	+17.9%
MCD	Buy	MCDONALDS CORP	$382,000	-1.8%	3,963	+0.9%	0.34%	+26.7%
FDX	Sell	FEDEX CORP	$330,000	-5.7%	2,900	-18.3%	0.29%	+21.8%
MMM	Sell	3M CO	$328,000	+6.5%	2,737	-2.8%	0.29%	+37.6%
VZ	Sell	VERIZON COMMUNICATIONS INC	$319,000	-19.6%	6,807	-13.9%	0.28%	+3.7%
T	Sell	AT&T INC	$319,000	-7.8%	9,442	-3.8%	0.28%	+19.1%
MRK	Sell	MERCK & CO INC NEW	$311,000	-9.3%	6,488	-12.3%	0.27%	+17.1%
LMOS	Sell	LUMOS NETWORKS CORP	$309,000	-48.4%	14,250	-59.3%	0.27%	-33.3%
HK	Buy	HALCON RES CORP	$268,000	+5.1%	60,499	+34.4%	0.24%	+35.6%
MSFT	Sell	MICROSOFT CORP	$255,000	-64.8%	7,635	-63.5%	0.22%	-54.5%
COLE	New	COLE REAL ESTATE INVTS INC	$245,000	–	20,000	–	0.22%	–
D	Sell	DOMINION RES INC VA NEW	$238,000	+2.1%	3,831	-6.7%	0.21%	+32.1%
AXP	New	AMERICAN EXPRESS CO	$223,000	–	2,943	–	0.20%	–
DOV	New	DOVER CORP	$210,000	–	2,340	–	0.18%	–
CSCO	Sell	CISCO SYS INC	$209,000	-24.5%	8,986	-21.0%	0.18%	-2.6%
BMY	New	BRISTOL MYERS SQUIBB CO	$207,000	–	4,485	–	0.18%	–
EMB	Exit	ISHARES TRjpmorgan usd	$0	–	-20	–	-0.00%	–
WFCWS	Exit	WELLS FARGO & CO NEW*w exp 10/28/201	$0	–	-200	–	-0.00%	–
IWR	Exit	ISHARES TRrussell midcap	$0	–	-55	–	-0.01%	–
EWC	Exit	ISHARES INCmsci cda index	$0	–	-346	–	-0.01%	–
DVY	Exit	ISHARES TRdj sel div inx	$0	–	-143	–	-0.01%	–
IWF	Exit	ISHARES TRrussell1000grw	$0	–	-140	–	-0.01%	–
EFA	Exit	ISHARES TRmsci eafe index	$0	–	-215	–	-0.01%	–
EWH	Exit	ISHARES INCmsci hong kong	$0	–	-600	–	-0.01%	–
IWM	Exit	ISHARES TRrussell 2000	$0	–	-250	–	-0.02%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-331	–	-0.02%	–
EWA	Exit	ISHARES INCmsci australia	$0	–	-1,750	–	-0.03%	–
BKOR	Exit	OAK RIDGE FINL SVCS INC	$0	–	-13,032	–	-0.04%	–
AUY	Exit	YAMANA GOLD INC	$0	–	-12,380	–	-0.08%	–
F	Exit	FORD MTR CO DEL	$0	–	-11,967	–	-0.13%	–
A309PS	Exit	DIRECTV	$0	–	-3,240	–	-0.14%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-3,258	–	-0.14%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-4,963	–	-0.40%	–
VPL	Exit	VANGUARD INTL EQUITY INDEX Fmega cap gro etf	$0	–	-241,630	–	-9.21%	–

Q2 2013

			Value		Shares		↓ Weighting
KYN	New	KAYNE ANDERSON MLP INVSMNT C	$25,623,000	–	658,608	–	17.50%	–
IYW	New	ISHARES TRdj us tech sec	$18,540,000	–	251,800	–	12.66%	–
MUR	New	MURPHY OIL CORP	$14,434,000	–	237,037	–	9.86%	–
VPL	New	VANGUARD INTL EQUITY INDEX Fmega cap gro etf	$13,490,000	–	241,630	–	9.21%	–
DXJ	New	WISDOMTREE TRUSTjapn hedge eqt	$12,935,000	–	283,600	–	8.83%	–
CB	New	CHUBB CORP	$8,090,000	–	95,564	–	5.52%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$4,693,000	–	29,254	–	3.20%	–
4945SC	New	KINDER MORGAN ENERGY PARTNERut ltd partner	$4,086,000	–	47,823	–	2.79%	–
NSC	New	NORFOLK SOUTHERN CORP	$3,895,000	–	53,609	–	2.66%	–
XOM	New	EXXON MOBIL CORP	$2,494,000	–	27,596	–	1.70%	–
EWJ	New	ISHARES INCmsci japan	$2,493,000	–	222,200	–	1.70%	–
AAPL	New	APPLE INC	$2,153,000	–	5,422	–	1.47%	–
CMCSA	New	COMCAST CORP NEWcl a	$2,125,000	–	50,919	–	1.45%	–
HRL	New	HORMEL FOODS CORP	$2,021,000	–	52,400	–	1.38%	–
DEL	New	DELTIC TIMBER CORP	$1,554,000	–	26,892	–	1.06%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$1,470,000	–	37,890	–	1.00%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$1,465,000	–	13,081	–	1.00%	–
ACWI	New	ISHARES TRmsci acwi indx	$1,334,000	–	26,634	–	0.91%	–
WFC	New	WELLS FARGO & CO NEW	$1,310,000	–	31,764	–	0.90%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLdiv app etf	$1,186,000	–	17,916	–	0.81%	–
GIL	New	GILDAN ACTIVEWEAR INC	$1,028,000	–	25,397	–	0.70%	–
JNJ	New	JOHNSON & JOHNSON	$918,000	–	10,693	–	0.63%	–
GE	New	GENERAL ELECTRIC CO	$849,000	–	36,551	–	0.58%	–
MMC	New	MARSH & MCLENNAN COS INC	$841,000	–	21,074	–	0.57%	–
MKL	New	MARKEL CORP	$835,000	–	1,586	–	0.57%	–
VT	New	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$806,000	–	15,614	–	0.55%	–
MSFT	New	MICROSOFT CORP	$724,000	–	20,945	–	0.49%	–
LMOS	New	LUMOS NETWORKS CORP	$599,000	–	35,024	–	0.41%	–
GLD	New	SPDR GOLD TRUST	$591,000	–	4,963	–	0.40%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$575,000	–	6,952	–	0.39%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$558,000	–	2,928	–	0.38%	–
PG	New	PROCTER & GAMBLE CO	$549,000	–	7,125	–	0.38%	–
GOOGL	New	GOOGLE INCcl a	$546,000	–	622	–	0.37%	–
FELE	New	FRANKLIN ELEC INC	$538,000	–	16,000	–	0.37%	–
CVX	New	CHEVRON CORP NEW	$512,000	–	4,329	–	0.35%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$506,000	–	3	–	0.35%	–
UDR	New	UDR INC	$496,000	–	19,422	–	0.34%	–
KO	New	COCA COLA CO	$449,000	–	11,171	–	0.31%	–
JPM	New	JPMORGAN CHASE & CO	$443,000	–	8,379	–	0.30%	–
EMR	New	EMERSON ELEC CO	$437,000	–	8,014	–	0.30%	–
VZ	New	VERIZON COMMUNICATIONS INC	$397,000	–	7,902	–	0.27%	–
MCD	New	MCDONALDS CORP	$389,000	–	3,929	–	0.27%	–
IVV	New	ISHARES TRcore s&p500 etf	$388,000	–	2,410	–	0.26%	–
PM	New	PHILIP MORRIS INTL INC	$354,000	–	4,086	–	0.24%	–
SPLK	New	SPLUNK INC	$354,000	–	7,639	–	0.24%	–
FDX	New	FEDEX CORP	$350,000	–	3,550	–	0.24%	–
PNM	New	PNM RES INC	$348,000	–	15,657	–	0.24%	–
T	New	AT&T INC	$346,000	–	9,811	–	0.24%	–
MRK	New	MERCK & CO INC NEW	$343,000	–	7,398	–	0.23%	–
MMM	New	3M CO	$308,000	–	2,815	–	0.21%	–
BBT	New	BB&T CORP	$288,000	–	8,524	–	0.20%	–
CSCO	New	CISCO SYS INC	$277,000	–	11,372	–	0.19%	–
UBSH	New	UNION FIRST MKT BANKSH CP	$276,000	–	13,387	–	0.19%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$272,000	–	3,622	–	0.19%	–
NKE	New	NIKE INCcl b	$269,000	–	4,230	–	0.18%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$264,000	–	4,522	–	0.18%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$262,000	–	2,900	–	0.18%	–
HK	New	HALCON RES CORP	$255,000	–	44,999	–	0.17%	–
APC	New	ANADARKO PETE CORP	$245,000	–	2,850	–	0.17%	–
GIS	New	GENERAL MLS INC	$244,000	–	5,000	–	0.17%	–
EEM	New	ISHARES TRmsci emerg mkt	$243,000	–	6,320	–	0.17%	–
BIIB	New	BIOGEN IDEC INC	$233,000	–	1,080	–	0.16%	–
D	New	DOMINION RES INC VA NEW	$233,000	–	4,108	–	0.16%	–
PEP	New	PEPSICO INC	$231,000	–	2,818	–	0.16%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$202,000	–	3,258	–	0.14%	–
A309PS	New	DIRECTV	$200,000	–	3,240	–	0.14%	–
F	New	FORD MTR CO DEL	$185,000	–	11,967	–	0.13%	–
TOWN	New	TOWNEBANK PORTSMOUTH VA	$168,000	–	11,421	–	0.12%	–
AUY	New	YAMANA GOLD INC	$118,000	–	12,380	–	0.08%	–
BKOR	New	OAK RIDGE FINL SVCS INC	$53,000	–	13,032	–	0.04%	–
EWA	New	ISHARES INCmsci australia	$40,000	–	1,750	–	0.03%	–
IJR	New	ISHARES TRcore s&p scp etf	$30,000	–	331	–	0.02%	–
IWM	New	ISHARES TRrussell 2000	$24,000	–	250	–	0.02%	–
EWH	New	ISHARES INCmsci hong kong	$11,000	–	600	–	0.01%	–
EFA	New	ISHARES TRmsci eafe index	$12,000	–	215	–	0.01%	–
IWF	New	ISHARES TRrussell1000grw	$10,000	–	140	–	0.01%	–
DVY	New	ISHARES TRdj sel div inx	$9,000	–	143	–	0.01%	–
EWC	New	ISHARES INCmsci cda index	$9,000	–	346	–	0.01%	–
IWR	New	ISHARES TRrussell midcap	$7,000	–	55	–	0.01%	–
WFCWS	New	WELLS FARGO & CO NEW*w exp 10/28/201	$3,000	–	200	–	0.00%	–
EMB	New	ISHARES TRjpmorgan usd	$2,000	–	20	–	0.00%	–
CRESW	New	CRESUD SA COMERCIAL*w exp 05/22/201	$0	–	11,220	–	0.00%	–

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Export Signature Financial Management, Inc.'s holdings