Covington Investment Advisors Inc. Activity Q4 2012-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
GOOG	Sell	ALPHABET INCcap stk cl c	$27,638	+8.5%	209,620	-0.4%	5.88%	+12.2%
MSFT	Sell	MICROSOFT CORP	$27,445	-7.8%	86,920	-0.6%	5.84%	-4.7%
AAPL	Sell	APPLE INC	$24,540	-12.1%	143,332	-0.5%	5.22%	-9.1%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$15,506	+0.6%	30,633	+3.7%	3.30%	+4.0%
ACN	Buy	ACCENTURE PLC IRELAND	$14,781	-0.4%	48,128	+0.1%	3.15%	+3.0%
WSO	Sell	WATSCO INC.	$14,489	-1.4%	38,360	-0.4%	3.08%	+1.9%
V	Buy	VISA INC	$13,777	+0.6%	59,899	+3.9%	2.93%	+4.1%
COP	Buy	CONOCOPHILLIPS	$12,138	+17.4%	101,322	+1.6%	2.58%	+21.4%
AMZN	Buy	AMAZON COM INC	$11,978	-0.5%	94,224	+2.1%	2.55%	+2.9%
PNC	Buy	PNC FINL SVCS GROUP INC	$11,917	+0.2%	97,064	+2.8%	2.54%	+3.6%
FISV	Sell	FISERV INC	$11,758	-10.9%	104,092	-0.5%	2.50%	-7.8%
LLY	Buy	LILLY ELI & CO	$11,745	+16.3%	21,867	+1.5%	2.50%	+20.2%
APD	Sell	AIR PRODS & CHEMS INC	$11,325	-5.7%	39,961	-0.4%	2.41%	-2.5%
SPGI	Buy	S&P GLOBAL INC	$11,305	-8.4%	30,939	+0.5%	2.41%	-5.3%
UNH	Buy	UNITEDHEALTH GROUP INC	$10,980	+8.3%	21,777	+3.3%	2.34%	+12.0%
HD	Buy	HOME DEPOT INC	$10,238	-2.6%	33,882	+0.1%	2.18%	+0.7%
CVX	Buy	CHEVRON CORP NEW	$8,947	+12.0%	53,060	+4.5%	1.90%	+15.9%
BLK	Buy	BLACKROCK INC	$8,730	-6.2%	13,503	+0.3%	1.86%	-3.0%
JPM	Sell	JPMORGAN CHASE & CO	$8,311	-0.6%	57,308	-0.3%	1.77%	+2.8%
TXN	Buy	TEXAS INSTRS INC	$8,086	-11.6%	50,853	+0.1%	1.72%	-8.6%
LRCX	Sell	LAM RESEARCH CORP	$8,009	-2.5%	12,778	-0.0%	1.70%	+0.8%
COST	Sell	COSTCO WHSL CORP NEW	$7,916	+4.4%	14,012	-0.5%	1.68%	+8.0%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$7,749	-21.5%	107,669	+6.8%	1.65%	-18.8%
MCD	Sell	MCDONALDS CORP	$7,519	-11.9%	28,540	-0.2%	1.60%	-8.9%
CCI	Buy	CROWN CASTLE INTL CORP NEW	$7,367	-16.4%	80,054	+3.5%	1.57%	-13.6%
WMT	Buy	WALMART INC	$7,168	+2.1%	44,819	+0.3%	1.53%	+5.5%
ABT	Buy	ABBOTT LABS	$6,172	-10.9%	63,732	+0.3%	1.31%	-7.9%
BX	Buy	BLACKSTONE INC	$5,730	+15.7%	53,485	+0.4%	1.22%	+19.7%
VCIT	Buy	VANGUARD SCOTTSDALE FDSint-term corp	$5,682	+687.0%	74,785	+291.3%	1.21%	+712.1%
IBMN	Buy	ISHARES TRibonds dec 25	$5,545	+11.0%	212,613	+12.0%	1.18%	+14.7%
IBMM	Buy	ISHARES TRibonds dec2024	$5,463	+11.7%	212,647	+11.8%	1.16%	+15.5%
SBUX	Sell	STARBUCKS CORP	$5,407	-8.2%	59,239	-0.3%	1.15%	-5.0%
VZ	Buy	VERIZON COMMUNICATIONS INC	$5,222	-11.0%	161,132	+2.1%	1.11%	-7.9%
IBML	Buy	ISHARES TRibonds dec2023	$5,091	+5.7%	199,456	+5.5%	1.08%	+9.3%
DUK	Buy	DUKE ENERGY CORP NEW	$4,959	-1.2%	56,187	+0.4%	1.06%	+2.2%
PG	Buy	PROCTER & GAMBLE CO	$4,927	+0.6%	33,782	+4.7%	1.05%	+4.1%
HON	Buy	HONEYWELL INTL INC	$4,896	-10.7%	26,504	+0.3%	1.04%	-7.7%
ITW	Buy	ILLINOIS TOOL WKS INC	$4,741	-7.6%	20,584	+0.3%	1.01%	-4.5%
CTVA	Buy	CORTEVA INC	$4,675	-9.2%	91,382	+1.7%	1.00%	-6.1%
HSY	New	HERSHEY CO	$4,554	–	22,763	–	0.97%	–
NSC	Buy	NORFOLK SOUTHN CORP	$4,391	-7.0%	22,299	+7.1%	0.94%	-3.8%
BFB	Sell	BROWN FORMAN CORPcl b	$4,394	-27.1%	76,158	-15.7%	0.94%	-24.7%
PLD	Buy	PROLOGIS INC	$4,342	-8.4%	38,697	+0.1%	0.92%	-5.3%
NEE	Buy	NEXTERA ENERGY INC	$4,247	-22.6%	74,137	+0.2%	0.90%	-20.0%
KO	Buy	COCA COLA CO	$4,038	+1.9%	72,141	+9.6%	0.86%	+5.4%
LHX	Buy	L3HARRIS TECHNOLOGIES INC.	$3,954	+473.0%	22,710	+544.8%	0.84%	+493.0%
NKE	Sell	NIKE INC	$3,433	-13.4%	35,906	-0.0%	0.73%	-10.4%
VYM	Buy	VANGUARD WHITEHALL FDS INChigh div yld	$3,381	-0.5%	32,723	+2.1%	0.72%	+3.0%
PEP	Buy	PEPSICO INC	$2,906	+0.5%	17,149	+9.9%	0.62%	+4.0%
VUG	Buy	VANGUARD INDEX FDSgrowth etf	$2,055	-3.7%	7,546	+0.1%	0.44%	-0.5%
HUM	Sell	HUMANA INC	$1,854	-4.7%	3,811	-12.4%	0.40%	-1.2%
VO	Buy	VANGUARD INDEX FDSmid cap etf	$1,478	-4.9%	7,099	+0.6%	0.32%	-1.6%
IBDO	Buy	ISHARES TRibonds dec23 etf	$1,457	+3.4%	57,460	+3.1%	0.31%	+6.9%
IBDP	Buy	ISHARES TRibonds dec24 etf	$1,435	+3.6%	58,026	+3.2%	0.30%	+7.0%
IBDQ	Buy	ISHARES TRibonds dec25 etf	$1,414	+3.1%	58,007	+3.2%	0.30%	+6.7%
VBK	Buy	VANGUARD INDEX FDSsml cp grw etf	$1,278	-6.6%	5,967	+0.2%	0.27%	-3.5%
WAB	Sell	WABTEC CORP	$1,102	-3.6%	10,374	-0.5%	0.24%	0.0%
GD	Sell	GENERAL DYNAMICS CORP	$769	-7.8%	3,480	-10.2%	0.16%	-4.7%
VOO	Buy	VANGUARD INDEX FDS	$646	+2.5%	1,644	+6.3%	0.14%	+6.2%
ED	Sell	CONSOLIDATED EDISON INC	$378	-6.4%	4,415	-1.1%	0.08%	-3.6%
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-39,161	–	-0.59%	–
ECL	Exit	ECOLAB INC	$0	–	-15,519	–	-0.60%	–
DIS	Exit	DISNEY WALT CO	$0	–	-39,953	–	-0.73%	–
	Exit	COHERENT CORP	$0	–	-97,260	–	-1.02%	–

Q2 2023

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$29,778	–	87,443	–	6.13%	–
AAPL	New	APPLE INC	$27,931	–	143,998	–	5.75%	–
GOOG	New	ALPHABET INCcap stk cl c	$25,468	–	210,535	–	5.24%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$15,413	–	29,541	–	3.17%	–
ACN	New	ACCENTURE PLC IRELAND	$14,844	–	48,103	–	3.06%	–
WSO	New	WATSCO INC.	$14,698	–	38,530	–	3.03%	–
V	New	VISA INC	$13,692	–	57,654	–	2.82%	–
FISV	New	FISERV INC	$13,196	–	104,607	–	2.72%	–
SPGI	New	S&P GLOBAL INC	$12,345	–	30,794	–	2.54%	–
AMZN	New	AMAZON COM INC	$12,034	–	92,315	–	2.48%	–
APD	New	AIR PRODS & CHEMS INC	$12,014	–	40,111	–	2.47%	–
PNC	New	PNC FINL SVCS GROUP INC	$11,891	–	94,411	–	2.45%	–
HD	New	HOME DEPOT INC	$10,513	–	33,842	–	2.16%	–
COP	New	CONOCOPHILLIPS	$10,337	–	99,772	–	2.13%	–
UNH	New	UNITEDHEALTH GROUP INC	$10,135	–	21,087	–	2.09%	–
LLY	New	LILLY ELI & CO	$10,103	–	21,542	–	2.08%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$9,872	–	100,774	–	2.03%	–
BLK	New	BLACKROCK INC	$9,309	–	13,469	–	1.92%	–
TXN	New	TEXAS INSTRS INC	$9,145	–	50,798	–	1.88%	–
JNJ	New	JOHNSON & JOHNSON	$9,031	–	54,561	–	1.86%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$8,810	–	77,319	–	1.81%	–
MCD	New	MCDONALDS CORP	$8,536	–	28,605	–	1.76%	–
JPM	New	JPMORGAN CHASE & CO	$8,360	–	57,478	–	1.72%	–
LRCX	New	LAM RESEARCH CORP	$8,218	–	12,783	–	1.69%	–
CVX	New	CHEVRON CORP NEW	$7,987	–	50,760	–	1.64%	–
COST	New	COSTCO WHSL CORP NEW	$7,579	–	14,077	–	1.56%	–
WMT	New	WALMART INC	$7,024	–	44,689	–	1.45%	–
ABT	New	ABBOTT LABS	$6,926	–	63,532	–	1.43%	–
BDX	New	BECTON DICKINSON & CO	$6,831	–	25,875	–	1.41%	–
SYK	New	STRYKER CORPORATION	$6,433	–	21,086	–	1.32%	–
BFB	New	BROWN FORMAN CORPcl b	$6,031	–	90,308	–	1.24%	–
SBUX	New	STARBUCKS CORP	$5,889	–	59,444	–	1.21%	–
VZ	New	VERIZON COMMUNICATIONS INC	$5,868	–	157,792	–	1.21%	–
NEE	New	NEXTERA ENERGY INC	$5,489	–	73,972	–	1.13%	–
HON	New	HONEYWELL INTL INC	$5,484	–	26,429	–	1.13%	–
CTVA	New	CORTEVA INC	$5,148	–	89,837	–	1.06%	–
ITW	New	ILLINOIS TOOL WKS INC	$5,133	–	20,519	–	1.06%	–
DUK	New	DUKE ENERGY CORP NEW	$5,020	–	55,942	–	1.03%	–
IBMN	New	ISHARES TRibonds dec 25	$4,997	–	189,753	–	1.03%	–
	New	COHERENT CORP	$4,958	–	97,260	–	1.02%	–
BX	New	BLACKSTONE INC	$4,951	–	53,250	–	1.02%	–
PG	New	PROCTER & GAMBLE CO	$4,897	–	32,272	–	1.01%	–
IBMM	New	ISHARES TRibonds dec2024	$4,890	–	190,202	–	1.01%	–
IBML	New	ISHARES TRibonds dec2023	$4,818	–	189,021	–	0.99%	–
PLD	New	PROLOGIS INC	$4,741	–	38,657	–	0.98%	–
NSC	New	NORFOLK SOUTHN CORP	$4,720	–	20,814	–	0.97%	–
NKE	New	NIKE INC	$3,964	–	35,916	–	0.82%	–
KO	New	COCA COLA CO	$3,964	–	65,821	–	0.82%	–
DIS	New	DISNEY WALT CO	$3,564	–	39,953	–	0.73%	–
VYM	New	VANGUARD WHITEHALL FDS INChigh div yld	$3,398	–	32,036	–	0.70%	–
ATVI	New	ACTIVISION BLIZZARD INC	$2,982	–	35,378	–	0.61%	–
ECL	New	ECOLAB INC	$2,897	–	15,519	–	0.60%	–
PEP	New	PEPSICO INC	$2,891	–	15,609	–	0.60%	–
MDLZ	New	MONDELEZ INTL INCcl a	$2,856	–	39,161	–	0.59%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$2,133	–	7,541	–	0.44%	–
HUM	New	HUMANA INC	$1,945	–	4,351	–	0.40%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$1,554	–	7,059	–	0.32%	–
IBDO	New	ISHARES TRibonds dec23 etf	$1,409	–	55,720	–	0.29%	–
EXC	New	EXELON CORP	$1,397	–	34,287	–	0.29%	–
IBDP	New	ISHARES TRibonds dec24 etf	$1,385	–	56,236	–	0.28%	–
VBK	New	VANGUARD INDEX FDSsml cp grw etf	$1,368	–	5,955	–	0.28%	–
IBDQ	New	ISHARES TRibonds dec25 etf	$1,371	–	56,217	–	0.28%	–
WAB	New	WABTEC CORP	$1,143	–	10,424	–	0.24%	–
GD	New	GENERAL DYNAMICS CORP	$834	–	3,877	–	0.17%	–
PH	New	PARKER HANNIFIN CORP	$811	–	2,080	–	0.17%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$722	–	19,111	–	0.15%	–
LHX	New	L3HARRIS TECHNOLOGIES INC.	$690	–	3,522	–	0.14%	–
VOO	New	VANGUARD INDEX FDS	$630	–	1,546	–	0.13%	–
ED	New	CONSOLIDATED EDISON INC	$404	–	4,465	–	0.08%	–

Q4 2022

			Value		Shares		↓ Weighting
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-4,765	–	-0.11%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-1,546	–	-0.13%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-2,122	–	-0.13%	–
IBDQ	Exit	ISHARES TRibonds dec25 etf	$0	–	-23,477	–	-0.15%	–
IBDP	Exit	ISHARES TRibonds dec24 etf	$0	–	-23,456	–	-0.15%	–
IBDN	Exit	ISHARES TRibonds dec22 etf	$0	–	-23,011	–	-0.15%	–
IBDO	Exit	ISHARES TRibonds dec23 etf	$0	–	-23,285	–	-0.15%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC.	$0	–	-3,527	–	-0.19%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-4,399	–	-0.24%	–
WAB	Exit	WABTEC CORP	$0	–	-11,502	–	-0.24%	–
VBK	Exit	VANGUARD INDEX FDSsml cp grw etf	$0	–	-5,190	–	-0.26%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-6,839	–	-0.33%	–
EXC	Exit	EXELON CORP	$0	–	-34,362	–	-0.33%	–
VUG	Exit	VANGUARD INDEX FDSgrowth etf	$0	–	-7,797	–	-0.43%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-22,411	–	-0.50%	–
IBMK	Exit	ISHARES TRibonds dec2022	$0	–	-76,955	–	-0.52%	–
NKE	Exit	NIKE INC	$0	–	-36,129	–	-0.52%	–
IBML	Exit	ISHARES TRibonds dec2023	$0	–	-79,796	–	-0.52%	–
IBMM	Exit	ISHARES TRibonds dec	$0	–	-79,457	–	-0.52%	–
IBMN	Exit	ISHARES TRibonds dec 25	$0	–	-79,774	–	-0.54%	–
PEP	Exit	PEPSICO INC	$0	–	-12,819	–	-0.54%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-39,191	–	-0.56%	–
HUM	Exit	HUMANA INC	$0	–	-4,441	–	-0.56%	–
ILMN	Exit	ILLUMINA INC	$0	–	-12,360	–	-0.61%	–
ECL	Exit	ECOLAB INC	$0	–	-16,409	–	-0.61%	–
	Exit	COHERENT CORP	$0	–	-71,520	–	-0.65%	–
VYM	Exit	VANGUARD WHITEHALL FDS INChigh div yld	$0	–	-26,613	–	-0.65%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-35,378	–	-0.68%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-74,474	–	-0.73%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-31,182	–	-0.75%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-50,685	–	-0.81%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-14,984	–	-0.81%	–
PLD	Exit	PROLOGIS INC	$0	–	-31,427	–	-0.83%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-22,225	–	-0.83%	–
KO	Exit	COCA COLA CO	$0	–	-57,916	–	-0.84%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-30,020	–	-0.98%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-23,199	–	-1.09%	–
BX	Exit	BLACKSTONE INC	$0	–	-50,334	–	-1.09%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-25,484	–	-1.10%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-11,890	–	-1.13%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-22,861	–	-1.20%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-62,076	–	-1.22%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-33,500	–	-1.25%	–
CTVA	Exit	CORTEVA INC	$0	–	-85,625	–	-1.27%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-23,735	–	-1.37%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-51,445	–	-1.39%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-34,893	–	-1.40%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-69,352	–	-1.41%	–
ABT	Exit	ABBOTT LABS	$0	–	-56,930	–	-1.43%	–
WMT	Exit	WALMART INC	$0	–	-42,644	–	-1.43%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-65,894	–	-1.44%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-84,583	–	-1.46%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-34,970	–	-1.48%	–
MCD	Exit	MCDONALDS CORP	$0	–	-26,270	–	-1.57%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-13,353	–	-1.63%	–
BLK	Exit	BLACKROCK INC	$0	–	-12,103	–	-1.73%	–
DIS	Exit	DISNEY WALT CO	$0	–	-71,397	–	-1.74%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-86,667	–	-1.84%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-50,199	–	-1.87%	–
HD	Exit	HOME DEPOT INC	$0	–	-26,778	–	-1.92%	–
LLY	Exit	LILLY ELI & CO	$0	–	-25,927	–	-2.17%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-37,059	–	-2.24%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-88,066	–	-2.34%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-30,534	–	-2.42%	–
WSO	Exit	WATSCO INC.	$0	–	-37,240	–	-2.48%	–
FISV	Exit	FISERV INC	$0	–	-102,952	–	-2.50%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-66,321	–	-2.57%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-19,787	–	-2.59%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-43,579	–	-2.91%	–
V	Exit	VISA INC	$0	–	-64,434	–	-2.97%	–
AMZN	Exit	AMAZON COM INC	$0	–	-107,100	–	-3.14%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-27,108	–	-3.56%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-204,795	–	-5.10%	–
AAPL	Exit	APPLE INC	$0	–	-150,650	–	-5.40%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-92,861	–	-5.60%	–

Q3 2022

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$21,627,000	-9.0%	92,861	+0.4%	5.60%	-6.6%
AAPL	Sell	APPLE INC	$20,820,000	+0.8%	150,650	-0.3%	5.40%	+3.4%
GOOG	Buy	ALPHABET INCcap stk cl c	$19,691,000	-11.3%	204,795	+1917.1%	5.10%	-9.1%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$13,749,000	-5.5%	27,108	+1.3%	3.56%	-3.1%
AMZN	Buy	AMAZON COM INC	$12,102,000	+6.9%	107,100	+0.4%	3.14%	+9.6%
V	Sell	VISA INC	$11,447,000	+213.8%	64,434	-10.4%	2.97%	+221.7%
ACN	Buy	ACCENTURE PLC IRELAND	$11,213,000	-6.3%	43,579	+1.1%	2.91%	-3.9%
UNH	Buy	UNITEDHEALTH GROUP INC	$9,993,000	-1.4%	19,787	+0.3%	2.59%	+1.1%
PNC	Buy	PNC FINL SVCS GROUP INC	$9,910,000	-3.0%	66,321	+2.5%	2.57%	-0.5%
FISV	Buy	FISERV INC	$9,633,000	+6.1%	102,952	+0.9%	2.50%	+8.8%
WSO	Buy	WATSCO INC.	$9,588,000	+8.9%	37,240	+1.0%	2.48%	+11.6%
COP	Buy	CONOCOPHILLIPS	$9,013,000	+14.5%	88,066	+0.4%	2.34%	+17.4%
APD	Buy	AIR PRODS & CHEMS INC	$8,625,000	-2.1%	37,059	+1.1%	2.24%	+0.4%
LLY	Buy	LILLY ELI & CO	$8,383,000	+1.5%	25,927	+1.8%	2.17%	+4.0%
HD	Buy	HOME DEPOT INC	$7,389,000	+2.7%	26,778	+2.1%	1.92%	+5.3%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$7,095,000	-13.5%	86,667	+1.6%	1.84%	-11.2%
DIS	Sell	DISNEY WALT CO	$6,735,000	-0.1%	71,397	-0.1%	1.74%	+2.3%
BLK	Buy	BLACKROCK INC	$6,660,000	-7.5%	12,103	+2.4%	1.73%	-5.1%
COST	Sell	COSTCO WHSL CORP NEW	$6,306,000	-1.7%	13,353	-0.2%	1.63%	+0.8%
MCD	Buy	MCDONALDS CORP	$6,062,000	-5.5%	26,270	+1.1%	1.57%	-3.1%
JNJ	Buy	JOHNSON & JOHNSON	$5,713,000	-2.9%	34,970	+5.5%	1.48%	-0.4%
SBUX	Buy	STARBUCKS CORP	$5,552,000	+12.3%	65,894	+1.8%	1.44%	+15.1%
WMT	Buy	WALMART INC	$5,531,000	+10.3%	42,644	+3.4%	1.43%	+13.1%
ABT	Buy	ABBOTT LABS	$5,509,000	-10.5%	56,930	+0.5%	1.43%	-8.2%
TXN	Buy	TEXAS INSTRS INC	$5,401,000	+5.0%	34,893	+4.3%	1.40%	+7.7%
JPM	Buy	JPMORGAN CHASE & CO	$5,376,000	-1.8%	51,445	+5.8%	1.39%	+0.7%
BDX	Buy	BECTON DICKINSON & CO	$5,289,000	-9.4%	23,735	+0.2%	1.37%	-7.1%
CVX	Buy	CHEVRON CORP NEW	$4,813,000	+0.0%	33,500	+0.8%	1.25%	+2.5%
VCIT	Buy	VANGUARD SCOTTSDALE FDSint-term corp	$4,698,000	+2.3%	62,076	+8.1%	1.22%	+4.8%
LRCX	Buy	LAM RESEARCH CORP	$4,352,000	-1.8%	11,890	+14.3%	1.13%	+0.7%
HON	Buy	HONEYWELL INTL INC	$4,255,000	-2.9%	25,484	+1.1%	1.10%	-0.4%
BX	Buy	BLACKSTONE INC	$4,213,000	+0.5%	50,334	+9.5%	1.09%	+3.1%
PG	Buy	PROCTER & GAMBLE CO	$3,790,000	-10.9%	30,020	+1.5%	0.98%	-8.7%
CCI	Buy	CROWN CASTLE INTL CORP NEW	$3,213,000	-13.0%	22,225	+1.3%	0.83%	-10.8%
PLD	Buy	PROLOGIS INC	$3,193,000	-13.5%	31,427	+0.2%	0.83%	-11.4%
NSC	Buy	NORFOLK SOUTHN CORP	$3,141,000	-7.3%	14,984	+0.5%	0.81%	-5.0%
TD	Sell	TORONTO DOMINION BK ONT	$3,109,000	-6.6%	50,685	-0.1%	0.81%	-4.2%
DUK	Buy	DUKE ENERGY CORP NEW	$2,901,000	-9.5%	31,182	+4.3%	0.75%	-7.2%
VZ	Buy	VERIZON COMMUNICATIONS INC	$2,828,000	-23.0%	74,474	+3.3%	0.73%	-21.0%
ATVI	Sell	ACTIVISION BLIZZARD INC	$2,630,000	-4.6%	35,378	-0.1%	0.68%	-2.2%
VYM	Buy	VANGUARD WHITEHALL FDS INChigh div yld	$2,525,000	+1.6%	26,613	+8.9%	0.65%	+4.1%
	New	COHERENT CORP	$2,492,000	–	71,520	–	0.65%	–
HUM	Sell	HUMANA INC	$2,155,000	+3.5%	4,441	-0.2%	0.56%	+6.1%
IBMN	Buy	ISHARES TRibonds dec 25	$2,068,000	+10.4%	79,774	+13.4%	0.54%	+13.1%
IBMM	Buy	ISHARES TRibonds dec	$2,027,000	+10.8%	79,457	+12.9%	0.52%	+13.6%
IBML	Buy	ISHARES TRibonds dec2023	$2,014,000	+11.6%	79,796	+12.8%	0.52%	+14.5%
NKE	Sell	NIKE INC	$2,002,000	-45.8%	36,129	-0.1%	0.52%	-44.4%
IBMK	Buy	ISHARES TRibonds dec2022	$1,993,000	+13.9%	76,955	+13.9%	0.52%	+16.7%
PYPL	Buy	PAYPAL HLDGS INC	$1,929,000	+23.5%	22,411	+0.2%	0.50%	+26.6%
VUG	Buy	VANGUARD INDEX FDSgrowth etf	$1,668,000	-1.1%	7,797	+3.1%	0.43%	+1.4%
VO	Buy	VANGUARD INDEX FDSmid cap etf	$1,286,000	0.0%	6,839	+4.7%	0.33%	+2.5%
VBK	Buy	VANGUARD INDEX FDSsml cp grw etf	$1,013,000	+5.7%	5,190	+6.8%	0.26%	+8.7%
WAB	Buy	WABTEC CORP	$936,000	-0.8%	11,502	+0.0%	0.24%	+1.7%
IBDO	Buy	ISHARES TRibonds dec23 etf	$581,000	+4.1%	23,285	+4.8%	0.15%	+7.1%
IBDN	Buy	ISHARES TRibonds dec22 etf	$576,000	+4.9%	23,011	+4.8%	0.15%	+7.2%
IBDP	Buy	ISHARES TRibonds dec24 etf	$571,000	+3.1%	23,456	+4.7%	0.15%	+5.7%
IBDQ	Buy	ISHARES TRibonds dec25 etf	$567,000	+2.3%	23,477	+4.7%	0.15%	+5.0%
IIVI	Exit	II-VI INC	$0	–	-64,230	–	-0.83%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-31,278	–	-1.20%	–

Q2 2022

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$23,755,000	–	92,493	–	6.00%	–
GOOG	New	ALPHABET INCcap stk cl c	$22,209,000	–	10,153	–	5.61%	–
AAPL	New	APPLE INC	$20,656,000	–	151,080	–	5.22%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$14,544,000	–	26,770	–	3.68%	–
ACN	New	ACCENTURE PLC IRELAND	$11,965,000	–	43,094	–	3.02%	–
AMZN	New	AMAZON COM INC	$11,326,000	–	106,640	–	2.86%	–
SPGI	New	S&P GLOBAL INC	$10,292,000	–	30,534	–	2.60%	–
PNC	New	PNC FINL SVCS GROUP INC	$10,213,000	–	64,731	–	2.58%	–
UNH	New	UNITEDHEALTH GROUP INC	$10,132,000	–	19,727	–	2.56%	–
FISV	New	FISERV INC	$9,077,000	–	102,027	–	2.29%	–
APD	New	AIR PRODS & CHEMS INC	$8,811,000	–	36,639	–	2.23%	–
WSO	New	WATSCO INC.	$8,806,000	–	36,875	–	2.23%	–
CRM	New	SALESFORCE COM INC	$8,285,000	–	50,199	–	2.09%	–
LLY	New	LILLY ELI & CO	$8,260,000	–	25,476	–	2.09%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$8,200,000	–	85,323	–	2.07%	–
COP	New	CONOCOPHILLIPS	$7,875,000	–	87,686	–	1.99%	–
BLK	New	BLACKROCK INC	$7,197,000	–	11,817	–	1.82%	–
HD	New	HOME DEPOT INC	$7,195,000	–	26,233	–	1.82%	–
DIS	New	DISNEY WALT CO	$6,745,000	–	71,452	–	1.70%	–
COST	New	COSTCO WHSL CORP NEW	$6,414,000	–	13,383	–	1.62%	–
MCD	New	MCDONALDS CORP	$6,413,000	–	25,975	–	1.62%	–
ABT	New	ABBOTT LABS	$6,157,000	–	56,670	–	1.56%	–
BFB	New	BROWN FORMAN CORPcl b	$5,934,000	–	84,583	–	1.50%	–
JNJ	New	JOHNSON & JOHNSON	$5,885,000	–	33,155	–	1.49%	–
BDX	New	BECTON DICKINSON & CO	$5,838,000	–	23,680	–	1.48%	–
JPM	New	JPMORGAN CHASE & CO	$5,476,000	–	48,626	–	1.38%	–
NEE	New	NEXTERA ENERGY INC	$5,372,000	–	69,352	–	1.36%	–
TXN	New	TEXAS INSTRS INC	$5,142,000	–	33,468	–	1.30%	–
WMT	New	WALMART INC	$5,013,000	–	41,229	–	1.27%	–
SBUX	New	STARBUCKS CORP	$4,946,000	–	64,744	–	1.25%	–
CVX	New	CHEVRON CORP NEW	$4,811,000	–	33,230	–	1.22%	–
NVDA	New	NVIDIA CORPORATION	$4,741,000	–	31,278	–	1.20%	–
CTVA	New	CORTEVA INC	$4,636,000	–	85,625	–	1.17%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$4,593,000	–	57,402	–	1.16%	–
SYK	New	STRYKER CORPORATION	$4,548,000	–	22,861	–	1.15%	–
LRCX	New	LAM RESEARCH CORP	$4,432,000	–	10,400	–	1.12%	–
HON	New	HONEYWELL INTL INC	$4,381,000	–	25,204	–	1.11%	–
PG	New	PROCTER & GAMBLE CO	$4,252,000	–	29,571	–	1.08%	–
ITW	New	ILLINOIS TOOL WKS INC	$4,228,000	–	23,199	–	1.07%	–
BX	New	BLACKSTONE INC	$4,192,000	–	45,954	–	1.06%	–
NKE	New	NIKE INC	$3,695,000	–	36,159	–	0.93%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$3,694,000	–	21,940	–	0.93%	–
PLD	New	PROLOGIS INC	$3,690,000	–	31,362	–	0.93%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,671,000	–	72,064	–	0.93%	–
V	New	VISA INC	$3,648,000	–	71,884	–	0.92%	–
KO	New	COCA COLA CO	$3,643,000	–	57,916	–	0.92%	–
NSC	New	NORFOLK SOUTHN CORP	$3,390,000	–	14,914	–	0.86%	–
TD	New	TORONTO DOMINION BK ONT	$3,327,000	–	50,735	–	0.84%	–
IIVI	New	II-VI INC	$3,273,000	–	64,230	–	0.83%	–
DUK	New	DUKE ENERGY CORP NEW	$3,206,000	–	29,902	–	0.81%	–
ATVI	New	ACTIVISION BLIZZARD INC	$2,758,000	–	35,428	–	0.70%	–
ECL	New	ECOLAB INC	$2,523,000	–	16,409	–	0.64%	–
VYM	New	VANGUARD WHITEHALL FDS INChigh div yld	$2,485,000	–	24,432	–	0.63%	–
MDLZ	New	MONDELEZ INTL INCcl a	$2,433,000	–	39,191	–	0.62%	–
ILMN	New	ILLUMINA INC	$2,279,000	–	12,360	–	0.58%	–
PEP	New	PEPSICO INC	$2,136,000	–	12,819	–	0.54%	–
HUM	New	HUMANA INC	$2,083,000	–	4,451	–	0.53%	–
IBMN	New	ISHARES TRibonds dec 25	$1,874,000	–	70,374	–	0.47%	–
IBMM	New	ISHARES TRibonds dec	$1,829,000	–	70,357	–	0.46%	–
IBML	New	ISHARES TRibonds dec2023	$1,804,000	–	70,726	–	0.46%	–
IBMK	New	ISHARES TRibonds dec2022	$1,750,000	–	67,555	–	0.44%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$1,686,000	–	7,566	–	0.43%	–
PYPL	New	PAYPAL HLDGS INC	$1,562,000	–	22,371	–	0.40%	–
EXC	New	EXELON CORP	$1,557,000	–	34,362	–	0.39%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$1,286,000	–	6,531	–	0.32%	–
GD	New	GENERAL DYNAMICS CORP	$973,000	–	4,399	–	0.25%	–
VBK	New	VANGUARD INDEX FDSsml cp grw etf	$958,000	–	4,860	–	0.24%	–
WAB	New	WABTEC CORP	$944,000	–	11,500	–	0.24%	–
LHX	New	L3HARRIS TECHNOLOGIES INC.	$852,000	–	3,527	–	0.22%	–
IBDO	New	ISHARES TRibonds dec23 etf	$558,000	–	22,225	–	0.14%	–
IBDQ	New	ISHARES TRibonds dec25 etf	$554,000	–	22,417	–	0.14%	–
IBDP	New	ISHARES TRibonds dec24 etf	$554,000	–	22,396	–	0.14%	–
IBDN	New	ISHARES TRibonds dec22 etf	$549,000	–	21,951	–	0.14%	–
VOO	New	VANGUARD INDEX FDS	$536,000	–	1,546	–	0.14%	–
PH	New	PARKER HANNIFIN CORP	$522,000	–	2,122	–	0.13%	–
ED	New	CONSOLIDATED EDISON INC	$453,000	–	4,765	–	0.11%	–

Q4 2021

			Value		Shares		↓ Weighting
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-5,300	–	-0.08%	–
IBDM	Exit	ISHARES TRibonds dec21 etf	$0	–	-20,192	–	-0.11%	–
IBDN	Exit	ISHARES TRibonds dec22 etf	$0	–	-21,101	–	-0.12%	–
IBDO	Exit	ISHARES TRibonds dec23 etf	$0	–	-21,300	–	-0.12%	–
IBDP	Exit	ISHARES TRibonds dec24 etf	$0	–	-21,471	–	-0.12%	–
IBDQ	Exit	ISHARES TRibonds dec25 etf	$0	–	-21,492	–	-0.12%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-2,182	–	-0.13%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-1,696	–	-0.14%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC.	$0	–	-3,542	–	-0.17%	–
IBMJ	Exit	ISHARES TRibonds dec2021	$0	–	-35,358	–	-0.20%	–
IBMK	Exit	ISHARES TRibonds dec2022	$0	–	-40,861	–	-0.23%	–
IBML	Exit	ISHARES TRibonds dec2023	$0	–	-42,675	–	-0.24%	–
WAB	Exit	WABTEC CORP	$0	–	-13,040	–	-0.24%	–
IBMM	Exit	ISHARES TRibonds dec	$0	–	-41,985	–	-0.24%	–
IBMN	Exit	ISHARES TRibonds dec 25	$0	–	-41,809	–	-0.25%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-6,337	–	-0.27%	–
VBK	Exit	VANGUARD INDEX FDSsml cp grw etf	$0	–	-4,542	–	-0.27%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-6,349	–	-0.32%	–
EXC	Exit	EXELON CORP	$0	–	-34,622	–	-0.36%	–
HUM	Exit	HUMANA INC	$0	–	-4,549	–	-0.38%	–
PEP	Exit	PEPSICO INC	$0	–	-13,707	–	-0.44%	–
VUG	Exit	VANGUARD INDEX FDSgrowth etf	$0	–	-7,114	–	-0.44%	–
VYM	Exit	VANGUARD WHITEHALL FDS INChigh div yld	$0	–	-21,497	–	-0.48%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-39,696	–	-0.50%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-28,629	–	-0.62%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-30,617	–	-0.64%	–
KO	Exit	COCA COLA CO	$0	–	-58,446	–	-0.66%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-13,974	–	-0.72%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-52,153	–	-0.74%	–
ECL	Exit	ECOLAB INC	$0	–	-16,859	–	-0.76%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-48,366	–	-0.80%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-22,045	–	-0.82%	–
CTVA	Exit	CORTEVA INC	$0	–	-91,040	–	-0.82%	–
PLD	Exit	PROLOGIS INC	$0	–	-32,472	–	-0.88%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-44,553	–	-0.90%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-30,176	–	-0.91%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-78,369	–	-0.91%	–
IIVI	Exit	II-VI INC	$0	–	-71,852	–	-0.92%	–
ILMN	Exit	ILLUMINA INC	$0	–	-12,092	–	-1.06%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-30,609	–	-1.06%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-24,219	–	-1.08%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-24,579	–	-1.12%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-49,596	–	-1.19%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-23,250	–	-1.23%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-34,782	–	-1.25%	–
NKE	Exit	NIKE INC	$0	–	-40,137	–	-1.25%	–
WMT	Exit	WALMART INC	$0	–	-42,019	–	-1.26%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-76,532	–	-1.29%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-89,828	–	-1.30%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-90,597	–	-1.32%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-31,973	–	-1.32%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-23,950	–	-1.34%	–
MCD	Exit	MCDONALDS CORP	$0	–	-26,405	–	-1.37%	–
LLY	Exit	LILLY ELI & CO	$0	–	-27,986	–	-1.39%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-14,552	–	-1.41%	–
ABT	Exit	ABBOTT LABS	$0	–	-55,457	–	-1.41%	–
HD	Exit	HOME DEPOT INC	$0	–	-19,993	–	-1.41%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-34,319	–	-1.53%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-65,459	–	-1.55%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-85,869	–	-1.59%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-47,939	–	-1.69%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-20,590	–	-1.73%	–
WSO	Exit	WATSCO INC.	$0	–	-31,540	–	-1.80%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-35,449	–	-1.95%	–
BLK	Exit	BLACKROCK INC	$0	–	-11,868	–	-2.14%	–
HRC	Exit	HILL ROM HLDGS INC	$0	–	-66,534	–	-2.15%	–
DIS	Exit	DISNEY WALT CO	$0	–	-67,254	–	-2.44%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-27,796	–	-2.54%	–
FISV	Exit	FISERV INC	$0	–	-116,942	–	-2.73%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-67,556	–	-2.84%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-48,863	–	-2.85%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-42,599	–	-2.93%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-25,025	–	-3.08%	–
AMZN	Exit	AMAZON COM INC	$0	–	-4,912	–	-3.47%	–
V	Exit	VISA INC	$0	–	-76,028	–	-3.64%	–
AAPL	Exit	APPLE INC	$0	–	-164,118	–	-5.00%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-90,949	–	-5.52%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-9,879	–	-5.67%	–

Q3 2021

			Value		Shares		↓ Weighting
GOOG	Sell	ALPHABET INCcap stk cl c	$26,331,000	+3.4%	9,879	-2.7%	5.67%	+1.4%
MSFT	Buy	MICROSOFT CORP	$25,640,000	+4.7%	90,949	+0.6%	5.52%	+2.6%
AAPL	Buy	APPLE INC	$23,223,000	+4.4%	164,118	+1.1%	5.00%	+2.3%
V	Sell	VISA INC	$16,935,000	-5.2%	76,028	-0.5%	3.64%	-7.1%
AMZN	Buy	AMAZON COM INC	$16,136,000	+7.9%	4,912	+13.0%	3.47%	+5.7%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$14,298,000	+15.1%	25,025	+1.6%	3.08%	+12.8%
ACN	Buy	ACCENTURE PLC IRELAND	$13,628,000	+9.2%	42,599	+0.6%	2.93%	+7.0%
CRM	Sell	SALESFORCE COM INC	$13,253,000	+10.9%	48,863	-0.1%	2.85%	+8.7%
PNC	Buy	PNC FINL SVCS GROUP INC	$13,217,000	+3.1%	67,556	+0.5%	2.84%	+1.0%
FISV	Buy	FISERV INC	$12,688,000	+3.0%	116,942	+1.5%	2.73%	+1.0%
SPGI	Sell	S&P GLOBAL INC	$11,810,000	+0.6%	27,796	-2.8%	2.54%	-1.4%
DIS	Buy	DISNEY WALT CO	$11,337,000	-3.9%	67,254	+0.3%	2.44%	-5.8%
HRC	Buy	HILL ROM HLDGS INC	$9,980,000	+32.1%	66,534	+0.0%	2.15%	+29.4%
BLK	Buy	BLACKROCK INC	$9,953,000	-3.9%	11,868	+0.3%	2.14%	-5.8%
APD	Buy	AIR PRODS & CHEMS INC	$9,079,000	-9.9%	35,449	+1.2%	1.95%	-11.7%
WSO	Buy	WATSCO INC.	$8,346,000	-5.4%	31,540	+2.5%	1.80%	-7.3%
UNH	Buy	UNITEDHEALTH GROUP INC	$8,045,000	-1.9%	20,590	+0.5%	1.73%	-3.9%
JPM	Buy	JPMORGAN CHASE & CO	$7,847,000	+20.5%	47,939	+14.5%	1.69%	+18.0%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$7,381,000	+1.9%	85,869	+1.2%	1.59%	-0.1%
SBUX	Sell	STARBUCKS CORP	$7,221,000	-2.3%	65,459	-1.0%	1.55%	-4.3%
NVDA	Buy	NVIDIA CORPORATION	$7,110,000	-8.8%	34,319	+252.2%	1.53%	-10.6%
HD	Buy	HOME DEPOT INC	$6,563,000	+23.3%	19,993	+19.8%	1.41%	+20.9%
ABT	Buy	ABBOTT LABS	$6,551,000	+2.4%	55,457	+0.5%	1.41%	+0.4%
COST	Sell	COSTCO WHSL CORP NEW	$6,539,000	+11.9%	14,552	-1.5%	1.41%	+9.7%
LLY	Sell	LILLY ELI & CO	$6,466,000	-0.3%	27,986	-0.9%	1.39%	-2.2%
MCD	Buy	MCDONALDS CORP	$6,367,000	+5.2%	26,405	+0.8%	1.37%	+3.1%
PYPL	Buy	PAYPAL HLDGS INC	$6,232,000	-9.1%	23,950	+1.9%	1.34%	-10.9%
TXN	Buy	TEXAS INSTRS INC	$6,146,000	+1.7%	31,973	+1.8%	1.32%	-0.3%
COP	Buy	CONOCOPHILLIPS	$6,140,000	+13.1%	90,597	+1.6%	1.32%	+10.8%
BFB	Buy	BROWN FORMAN CORPcl b	$6,019,000	-10.5%	89,828	+0.1%	1.30%	-12.3%
NEE	Sell	NEXTERA ENERGY INC	$6,009,000	-4.8%	76,532	-11.1%	1.29%	-6.7%
WMT	Sell	WALMART INC	$5,857,000	-1.4%	42,019	-0.2%	1.26%	-3.4%
NKE	Sell	NIKE INC	$5,829,000	-6.2%	40,137	-0.2%	1.25%	-8.1%
BR	Sell	BROADRIDGE FINL SOLUTIONS IN	$5,796,000	+2.6%	34,782	-0.6%	1.25%	+0.5%
BDX	Buy	BECTON DICKINSON & CO	$5,715,000	+1.5%	23,250	+0.5%	1.23%	-0.5%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$5,538,000	-5.8%	49,596	+1.4%	1.19%	-7.6%
HON	Buy	HONEYWELL INTL INC	$5,218,000	-2.6%	24,579	+0.6%	1.12%	-4.6%
JNJ	Buy	JOHNSON & JOHNSON	$4,943,000	-1.4%	30,609	+0.6%	1.06%	-3.3%
ILMN	Buy	ILLUMINA INC	$4,905,000	-14.0%	12,092	+0.3%	1.06%	-15.8%
IIVI	Buy	II-VI INC	$4,265,000	+4.7%	71,852	+28.0%	0.92%	+2.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$4,233,000	-2.7%	78,369	+0.9%	0.91%	-4.6%
PG	Sell	PROCTER & GAMBLE CO	$4,219,000	+3.1%	30,176	-0.5%	0.91%	+1.0%
VCIT	Buy	VANGUARD SCOTTSDALE FDSint-term corp	$4,206,000	+65.1%	44,553	+19.4%	0.90%	+61.9%
PLD	Sell	PROLOGIS INC	$4,073,000	+4.5%	32,472	-0.4%	0.88%	+2.3%
CTVA	Sell	CORTEVA INC	$3,831,000	-5.4%	91,040	-0.3%	0.82%	-7.3%
CCI	Buy	CROWN CASTLE INTL CORP NEW	$3,821,000	-10.6%	22,045	+0.7%	0.82%	-12.4%
ATVI	Buy	ACTIVISION BLIZZARD INC	$3,743,000	+54.4%	48,366	+90.3%	0.80%	+51.3%
ECL	Buy	ECOLAB INC	$3,517,000	+1.4%	16,859	+0.1%	0.76%	-0.5%
TD	Buy	TORONTO DOMINION BK ONT	$3,450,000	-3.0%	52,153	+2.8%	0.74%	-5.0%
NSC	Buy	NORFOLK SOUTHN CORP	$3,343,000	-8.1%	13,974	+2.0%	0.72%	-10.0%
KO	Buy	COCA COLA CO	$3,067,000	-2.9%	58,446	+0.2%	0.66%	-4.8%
DUK	Buy	DUKE ENERGY CORP NEW	$2,988,000	-0.8%	30,617	+0.4%	0.64%	-2.7%
CVX	Buy	CHEVRON CORP NEW	$2,904,000	+13.6%	28,629	+17.3%	0.62%	+11.4%
MDLZ	Sell	MONDELEZ INTL INCcl a	$2,310,000	-47.2%	39,696	-43.3%	0.50%	-48.2%
VYM	Buy	VANGUARD WHITEHALL FDS INChigh div yld	$2,222,000	+7.4%	21,497	+8.9%	0.48%	+5.3%
VUG	Buy	VANGUARD INDEX FDSgrowth etf	$2,064,000	+8.0%	7,114	+6.8%	0.44%	+5.7%
PEP	Buy	PEPSICO INC	$2,062,000	+1.8%	13,707	+0.3%	0.44%	-0.2%
EXC	Buy	EXELON CORP	$1,674,000	+10.1%	34,622	+0.9%	0.36%	+7.8%
VO	Buy	VANGUARD INDEX FDSmid cap etf	$1,503,000	+4.2%	6,349	+4.5%	0.32%	+1.9%
VBK	Buy	VANGUARD INDEX FDSsml cp grw etf	$1,272,000	+3.1%	4,542	+6.7%	0.27%	+1.1%
GD	Sell	GENERAL DYNAMICS CORP	$1,242,000	+2.5%	6,337	-1.6%	0.27%	+0.4%
IBMN	Buy	ISHARES TRibonds dec 25	$1,169,000	+1.7%	41,809	+1.9%	0.25%	0.0%
IBMM	Buy	ISHARES TRibonds dec	$1,131,000	+0.5%	41,985	+0.7%	0.24%	-1.6%
WAB	Sell	WABTEC CORP	$1,124,000	+4.6%	13,040	-0.2%	0.24%	+2.5%
IBML	Buy	ISHARES TRibonds dec2023	$1,110,000	+0.5%	42,675	+0.8%	0.24%	-1.6%
IBMK	Sell	ISHARES TRibonds dec2022	$1,070,000	-1.2%	40,861	-1.0%	0.23%	-3.4%
IBMJ	Sell	ISHARES TRibonds dec2021	$904,000	-6.8%	35,358	-6.5%	0.20%	-8.5%
VOO	Sell	VANGUARD INDEX FDS	$669,000	-8.4%	1,696	-8.6%	0.14%	-10.0%
PH	Sell	PARKER HANNIFIN CORP	$610,000	-9.9%	2,182	-1.0%	0.13%	-12.1%
IBDQ	Buy	ISHARES TRibonds dec25 etf	$577,000	+0.9%	21,492	+1.4%	0.12%	-1.6%
IBDP	Buy	ISHARES TRibonds dec24 etf	$564,000	+1.1%	21,471	+1.4%	0.12%	-1.6%
IBDO	Buy	ISHARES TRibonds dec23 etf	$554,000	+1.1%	21,300	+1.4%	0.12%	-0.8%
IBDN	Buy	ISHARES TRibonds dec22 etf	$534,000	+1.1%	21,101	+1.5%	0.12%	-0.9%
IBDM	Sell	ISHARES TRibonds dec21 etf	$499,000	-3.1%	20,192	-2.8%	0.11%	-5.3%
ED	Sell	CONSOLIDATED EDISON INC	$385,000	+0.3%	5,300	-0.9%	0.08%	-1.2%

Q2 2021

			Value		Shares		↓ Weighting
GOOG	New	ALPHABET INCcap stk cl c	$25,457,000	–	10,157	–	5.59%	–
MSFT	New	MICROSOFT CORP	$24,499,000	–	90,434	–	5.38%	–
AAPL	New	APPLE INC	$22,243,000	–	162,406	–	4.88%	–
V	New	VISA INC	$17,860,000	–	76,383	–	3.92%	–
AMZN	New	AMAZON COM INC	$14,958,000	–	4,348	–	3.28%	–
PNC	New	PNC FINL SVCS GROUP INC	$12,824,000	–	67,226	–	2.82%	–
ACN	New	ACCENTURE PLC IRELAND	$12,483,000	–	42,347	–	2.74%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$12,423,000	–	24,625	–	2.73%	–
FISV	New	FISERV INC	$12,317,000	–	115,235	–	2.70%	–
CRM	New	SALESFORCE COM INC	$11,946,000	–	48,903	–	2.62%	–
DIS	New	DISNEY WALT CO	$11,791,000	–	67,084	–	2.59%	–
SPGI	New	S&P GLOBAL INC	$11,743,000	–	28,611	–	2.58%	–
BLK	New	BLACKROCK INC	$10,356,000	–	11,836	–	2.27%	–
APD	New	AIR PRODS & CHEMS INC	$10,073,000	–	35,016	–	2.21%	–
WSO	New	WATSCO INC.	$8,823,000	–	30,782	–	1.94%	–
UNH	New	UNITEDHEALTH GROUP INC	$8,203,000	–	20,484	–	1.80%	–
NVDA	New	NVIDIA CORPORATION	$7,796,000	–	9,744	–	1.71%	–
HRC	New	HILL ROM HLDGS INC	$7,556,000	–	66,519	–	1.66%	–
SBUX	New	STARBUCKS CORP	$7,394,000	–	66,134	–	1.62%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$7,240,000	–	84,862	–	1.59%	–
PYPL	New	PAYPAL HLDGS INC	$6,853,000	–	23,510	–	1.50%	–
BFB	New	BROWN FORMAN CORPcl b	$6,723,000	–	89,718	–	1.48%	–
JPM	New	JPMORGAN CHASE & CO	$6,511,000	–	41,859	–	1.43%	–
LLY	New	LILLY ELI & CO	$6,483,000	–	28,246	–	1.42%	–
ABT	New	ABBOTT LABS	$6,398,000	–	55,192	–	1.40%	–
NEE	New	NEXTERA ENERGY INC	$6,311,000	–	86,117	–	1.39%	–
NKE	New	NIKE INC	$6,215,000	–	40,229	–	1.36%	–
MCD	New	MCDONALDS CORP	$6,053,000	–	26,205	–	1.33%	–
TXN	New	TEXAS INSTRS INC	$6,041,000	–	31,415	–	1.33%	–
WMT	New	WALMART INC	$5,940,000	–	42,124	–	1.30%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$5,877,000	–	48,912	–	1.29%	–
COST	New	COSTCO WHSL CORP NEW	$5,845,000	–	14,772	–	1.28%	–
ILMN	New	ILLUMINA INC	$5,705,000	–	12,057	–	1.25%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$5,650,000	–	34,975	–	1.24%	–
BDX	New	BECTON DICKINSON & CO	$5,629,000	–	23,145	–	1.24%	–
COP	New	CONOCOPHILLIPS	$5,431,000	–	89,177	–	1.19%	–
ITW	New	ILLINOIS TOOL WKS INC	$5,414,000	–	24,219	–	1.19%	–
HON	New	HONEYWELL INTL INC	$5,360,000	–	24,436	–	1.18%	–
HD	New	HOME DEPOT INC	$5,321,000	–	16,686	–	1.17%	–
JNJ	New	JOHNSON & JOHNSON	$5,012,000	–	30,424	–	1.10%	–
MDLZ	New	MONDELEZ INTL INCcl a	$4,371,000	–	69,996	–	0.96%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,350,000	–	77,644	–	0.96%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$4,272,000	–	21,895	–	0.94%	–
PG	New	PROCTER & GAMBLE CO	$4,093,000	–	30,336	–	0.90%	–
IIVI	New	II-VI INC	$4,075,000	–	56,137	–	0.90%	–
CTVA	New	CORTEVA INC	$4,049,000	–	91,292	–	0.89%	–
PLD	New	PROLOGIS INC	$3,897,000	–	32,602	–	0.86%	–
NSC	New	NORFOLK SOUTHN CORP	$3,637,000	–	13,704	–	0.80%	–
TD	New	TORONTO DOMINION BK ONT	$3,555,000	–	50,753	–	0.78%	–
ECL	New	ECOLAB INC	$3,468,000	–	16,839	–	0.76%	–
KO	New	COCA COLA CO	$3,157,000	–	58,346	–	0.69%	–
DUK	New	DUKE ENERGY CORP NEW	$3,012,000	–	30,507	–	0.66%	–
CVX	New	CHEVRON CORP NEW	$2,556,000	–	24,399	–	0.56%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$2,547,000	–	37,314	–	0.56%	–
ATVI	New	ACTIVISION BLIZZARD INC	$2,425,000	–	25,409	–	0.53%	–
VYM	New	VANGUARD WHITEHALL FDS INChigh div yld	$2,069,000	–	19,749	–	0.45%	–
PEP	New	PEPSICO INC	$2,026,000	–	13,672	–	0.44%	–
HUM	New	HUMANA INC	$2,014,000	–	4,549	–	0.44%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$1,911,000	–	6,663	–	0.42%	–
EXC	New	EXELON CORP	$1,520,000	–	34,297	–	0.33%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$1,442,000	–	6,076	–	0.32%	–
VBK	New	VANGUARD INDEX FDSsml cp grw etf	$1,234,000	–	4,258	–	0.27%	–
GD	New	GENERAL DYNAMICS CORP	$1,212,000	–	6,437	–	0.27%	–
IBMN	New	ISHARES TRibonds dec 25	$1,149,000	–	41,032	–	0.25%	–
IBMM	New	ISHARES TRibonds dec	$1,125,000	–	41,688	–	0.25%	–
IBML	New	ISHARES TRibonds dec2023	$1,105,000	–	42,326	–	0.24%	–
IBMK	New	ISHARES TRibonds dec2022	$1,083,000	–	41,260	–	0.24%	–
WAB	New	WABTEC CORP	$1,075,000	–	13,065	–	0.24%	–
IBMJ	New	ISHARES TRibonds dec2021	$970,000	–	37,836	–	0.21%	–
LHX	New	L3HARRIS TECHNOLOGIES INC.	$766,000	–	3,542	–	0.17%	–
VOO	New	VANGUARD INDEX FDS	$730,000	–	1,856	–	0.16%	–
PH	New	PARKER HANNIFIN CORP	$677,000	–	2,203	–	0.15%	–
IBDQ	New	ISHARES TRibonds dec25 etf	$572,000	–	21,202	–	0.13%	–
IBDP	New	ISHARES TRibonds dec24 etf	$558,000	–	21,176	–	0.12%	–
IBDO	New	ISHARES TRibonds dec23 etf	$548,000	–	21,000	–	0.12%	–
IBDN	New	ISHARES TRibonds dec22 etf	$528,000	–	20,791	–	0.12%	–
IBDM	New	ISHARES TRibonds dec21 etf	$515,000	–	20,782	–	0.11%	–
ED	New	CONSOLIDATED EDISON INC	$384,000	–	5,350	–	0.08%	–

Q4 2020

			Value		Shares		↓ Weighting
PH	Exit	PARKER HANNIFIN CORP	$0	–	-2,173	–	-0.13%	–
IBDL	Exit	ISHARES TRibonds dec20 etf	$0	–	-17,763	–	-0.13%	–
IBDM	Exit	ISHARES TRibonds dec21 etf	$0	–	-18,230	–	-0.13%	–
IBDN	Exit	ISHARES TRibonds dec22 etf	$0	–	-18,248	–	-0.13%	–
IBDO	Exit	ISHARES TRibonds dec23 etf	$0	–	-18,277	–	-0.14%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-6,255	–	-0.14%	–
IBDP	Exit	ISHARES TRibonds dec24 etf	$0	–	-18,476	–	-0.14%	–
IBDQ	Exit	ISHARES TRibonds dec25 etf	$0	–	-18,590	–	-0.14%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC.	$0	–	-3,322	–	-0.16%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-1,936	–	-0.17%	–
VBK	Exit	VANGUARD INDEX FDSsml cp grw etf	$0	–	-3,194	–	-0.20%	–
WAB	Exit	WABTEC CORP	$0	–	-13,315	–	-0.24%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-4,878	–	-0.25%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-14,811	–	-0.26%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-6,866	–	-0.27%	–
IBMJ	Exit	ISHARES TRibonds dec2021	$0	–	-37,011	–	-0.28%	–
IBMK	Exit	ISHARES TRibonds dec2022	$0	–	-37,250	–	-0.28%	–
IBML	Exit	ISHARES TRibonds dec2023	$0	–	-38,126	–	-0.29%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-5,849	–	-0.29%	–
IBMM	Exit	ISHARES TRibonds dec	$0	–	-37,423	–	-0.29%	–
IBMN	Exit	ISHARES TRibonds dec 25	$0	–	-36,722	–	-0.30%	–
VYM	Exit	VANGUARD WHITEHALL FDS INChigh div yld	$0	–	-14,652	–	-0.34%	–
EXC	Exit	EXELON CORP	$0	–	-33,572	–	-0.34%	–
VUG	Exit	VANGUARD INDEX FDSgrowth etf	$0	–	-5,333	–	-0.35%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-20,443	–	-0.48%	–
PEP	Exit	PEPSICO INC	$0	–	-12,353	–	-0.49%	–
MMM	Exit	3M CO	$0	–	-12,071	–	-0.56%	–
HUM	Exit	HUMANA INC	$0	–	-4,819	–	-0.57%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-24,176	–	-0.66%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-50,148	–	-0.66%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-54,433	–	-0.68%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-28,567	–	-0.73%	–
CTVA	Exit	CORTEVA INC	$0	–	-89,090	–	-0.74%	–
KO	Exit	COCA COLA CO	$0	–	-57,451	–	-0.81%	–
PLD	Exit	PROLOGIS INC	$0	–	-32,017	–	-0.92%	–
ECL	Exit	ECOLAB INC	$0	–	-16,170	–	-0.93%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-46,801	–	-0.97%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-14,562	–	-1.01%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-22,128	–	-1.04%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-22,594	–	-1.08%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-27,073	–	-1.11%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-28,697	–	-1.14%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-26,829	–	-1.14%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-69,488	–	-1.14%	–
LLY	Exit	LILLY ELI & CO	$0	–	-27,957	–	-1.19%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-22,379	–	-1.24%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-74,233	–	-1.27%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-77,709	–	-1.28%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-42,986	–	-1.36%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-13,599	–	-1.38%	–
CSCO	Exit	CISCO SYS INC	$0	–	-128,779	–	-1.46%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-9,460	–	-1.47%	–
XLNX	Exit	XILINX INC	$0	–	-49,282	–	-1.47%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-22,560	–	-1.50%	–
HRC	Exit	HILL ROM HLDGS INC	$0	–	-63,529	–	-1.52%	–
ABT	Exit	ABBOTT LABS	$0	–	-51,216	–	-1.60%	–
WMT	Exit	WALMART INC	$0	–	-40,034	–	-1.61%	–
MCD	Exit	MCDONALDS CORP	$0	–	-25,653	–	-1.62%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-20,304	–	-1.62%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-66,109	–	-1.63%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-19,797	–	-1.69%	–
WSO	Exit	WATSCO INC.	$0	–	-25,410	–	-1.70%	–
NKE	Exit	NIKE INC	$0	–	-49,590	–	-1.78%	–
BLK	Exit	BLACKROCK INC	$0	–	-11,342	–	-1.83%	–
DIS	Exit	DISNEY WALT CO	$0	–	-64,052	–	-2.28%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-24,350	–	-2.52%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-28,279	–	-2.53%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-21,536	–	-2.73%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-129,061	–	-2.79%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-45,537	–	-2.95%	–
FISV	Exit	FISERV INC	$0	–	-102,934	–	-3.04%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,530	–	-3.19%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-89,260	–	-3.38%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-50,102	–	-3.61%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-10,084	–	-4.25%	–
V	Exit	VISA INC	$0	–	-74,950	–	-4.30%	–
AAPL	Exit	APPLE INC	$0	–	-148,231	–	-4.92%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-83,883	–	-5.06%	–

Q3 2020

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$17,643,000	+6.2%	83,883	+2.8%	5.06%	-0.8%
AAPL	Buy	APPLE INC	$17,167,000	+36.1%	148,231	+328.6%	4.92%	+27.0%
V	Buy	VISA INC	$14,988,000	+9.6%	74,950	+5.8%	4.30%	+2.3%
GOOG	Buy	ALPHABET INCcap stk cl c	$14,819,000	+45.1%	10,084	+39.6%	4.25%	+35.5%
CRM	Buy	SALESFORCE COM INC	$12,592,000	+35.3%	50,102	+0.9%	3.61%	+26.3%
BR	Buy	BROADRIDGE FINL SOLUTIONS IN	$11,782,000	+5.1%	89,260	+0.5%	3.38%	-1.9%
AMZN	Buy	AMAZON COM INC	$11,115,000	+60.6%	3,530	+40.7%	3.19%	+49.9%
FISV	Buy	FISERV INC	$10,607,000	+6.4%	102,934	+0.8%	3.04%	-0.7%
ACN	Sell	ACCENTURE PLC IRELAND	$10,291,000	+5.2%	45,537	-0.1%	2.95%	-1.8%
BFB	Sell	BROWN FORMAN CORPcl b	$9,721,000	+0.1%	129,061	-15.4%	2.79%	-6.5%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$9,509,000	+34.1%	21,536	+10.1%	2.73%	+25.2%
UNH	Sell	UNITEDHEALTH GROUP INC	$8,817,000	+5.5%	28,279	-0.4%	2.53%	-1.6%
SPGI	Buy	S&P GLOBAL INC	$8,781,000	+19.4%	24,350	+9.1%	2.52%	+11.5%
DIS	Buy	DISNEY WALT CO	$7,948,000	+12.1%	64,052	+0.7%	2.28%	+4.6%
BLK	Buy	BLACKROCK INC	$6,392,000	+7.6%	11,342	+3.9%	1.83%	+0.4%
NKE	Sell	NIKE INC	$6,226,000	+27.9%	49,590	-0.1%	1.78%	+19.3%
WSO	Buy	WATSCO INC.	$5,918,000	+32.5%	25,410	+1.1%	1.70%	+23.7%
APD	Buy	AIR PRODS & CHEMS INC	$5,897,000	+24.0%	19,797	+0.5%	1.69%	+15.7%
SBUX	Sell	STARBUCKS CORP	$5,680,000	+16.7%	66,109	-0.1%	1.63%	+8.9%
NEE	Buy	NEXTERA ENERGY INC	$5,636,000	+18.5%	20,304	+2.6%	1.62%	+10.6%
MCD	Buy	MCDONALDS CORP	$5,631,000	+19.1%	25,653	+0.1%	1.62%	+11.2%
WMT	Buy	WALMART INC	$5,601,000	+18.0%	40,034	+1.0%	1.61%	+10.2%
ABT	Buy	ABBOTT LABS	$5,574,000	+23.9%	51,216	+4.1%	1.60%	+15.6%
HRC	Buy	HILL ROM HLDGS INC	$5,305,000	-13.1%	63,529	+14.2%	1.52%	-18.9%
BDX	Buy	BECTON DICKINSON & CO	$5,249,000	+7.7%	22,560	+10.8%	1.50%	+0.5%
XLNX	Sell	XILINX INC	$5,137,000	-41.0%	49,282	-50.1%	1.47%	-44.9%
NVDA	New	NVIDIA CORPORATION	$5,120,000	–	9,460	–	1.47%	–
CSCO	Sell	CISCO SYS INC	$5,073,000	-15.6%	128,779	-0.1%	1.46%	-21.2%
COST	Buy	COSTCO WHSL CORP NEW	$4,828,000	+26.2%	13,599	+7.8%	1.38%	+17.9%
PNC	Buy	PNC FINL SVCS GROUP INC	$4,725,000	+5.1%	42,986	+0.6%	1.36%	-1.8%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$4,471,000	-4.4%	77,709	+2.4%	1.28%	-10.8%
VZ	Buy	VERIZON COMMUNICATIONS INC	$4,416,000	+9.3%	74,233	+1.2%	1.27%	+1.9%
LLY	Buy	LILLY ELI & CO	$4,138,000	-9.4%	27,957	+0.5%	1.19%	-15.3%
JNJ	Buy	JOHNSON & JOHNSON	$3,994,000	+8.1%	26,829	+2.1%	1.14%	+0.9%
TXN	Buy	TEXAS INSTRS INC	$3,866,000	+13.7%	27,073	+1.1%	1.11%	+6.2%
CCI	New	CROWN CASTLE INTL CORP NEW	$3,762,000	–	22,594	–	1.08%	–
HON	Buy	HONEYWELL INTL INC	$3,642,000	+14.1%	22,128	+0.2%	1.04%	+6.5%
AMT	New	AMERICAN TOWER CORP NEW	$3,520,000	–	14,562	–	1.01%	–
CVX	Buy	CHEVRON CORP NEW	$3,370,000	-19.3%	46,801	+0.0%	0.97%	-24.6%
ECL	Buy	ECOLAB INC	$3,231,000	+1.8%	16,170	+1.3%	0.93%	-4.9%
PLD	Sell	PROLOGIS INC	$3,222,000	+7.6%	32,017	-0.2%	0.92%	+0.4%
DUK	Buy	DUKE ENERGY CORP NEW	$2,530,000	+15.8%	28,567	+4.5%	0.73%	+8.2%
VCIT	Buy	VANGUARD SCOTTSDALE FDSint-term corp	$2,316,000	+1.8%	24,176	+1.1%	0.66%	-5.0%
HUM	Sell	HUMANA INC	$1,995,000	+6.6%	4,819	-0.2%	0.57%	-0.5%
MMM	Sell	3M CO	$1,934,000	+2.4%	12,071	-0.3%	0.56%	-4.3%
PEP	Buy	PEPSICO INC	$1,712,000	+5.7%	12,353	+0.9%	0.49%	-1.2%
ATVI	Buy	ACTIVISION BLIZZARD INC	$1,655,000	+9.2%	20,443	+2.3%	0.48%	+1.9%
VUG	Sell	VANGUARD INDEX FDSgrowth etf	$1,214,000	+9.4%	5,333	-2.9%	0.35%	+2.1%
VYM	Buy	VANGUARD WHITEHALL FDS INChigh div yld	$1,186,000	+6.6%	14,652	+3.7%	0.34%	-0.6%
IBMN	Buy	ISHARES TRibonds dec 25	$1,032,000	+2.2%	36,722	+1.4%	0.30%	-4.5%
IBMM	Buy	ISHARES TRibonds dec	$1,014,000	+1.9%	37,423	+1.5%	0.29%	-4.9%
IBML	Buy	ISHARES TRibonds dec2023	$1,002,000	+1.6%	38,126	+1.5%	0.29%	-5.3%
IBMK	Buy	ISHARES TRibonds dec2022	$987,000	+1.8%	37,250	+1.5%	0.28%	-5.0%
IBMJ	Buy	ISHARES TRibonds dec2021	$959,000	+1.4%	37,011	+1.5%	0.28%	-5.5%
OTIS	Buy	OTIS WORLDWIDE CORP	$925,000	+36.8%	14,811	+24.7%	0.26%	+27.4%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$860,000	+6.3%	4,878	-1.2%	0.25%	-0.8%
VBK	Buy	VANGUARD INDEX FDSsml cp grw etf	$686,000	+8.5%	3,194	+0.9%	0.20%	+1.5%
IBDQ	Sell	ISHARES TRibonds dec25 etf	$504,000	-0.4%	18,590	-0.9%	0.14%	-6.5%
ED	Sell	CONSOLIDATED EDISON INC	$487,000	+7.3%	6,255	-0.8%	0.14%	+0.7%
IBDP	Sell	ISHARES TRibonds dec24 etf	$489,000	-0.4%	18,476	-0.8%	0.14%	-7.3%
IBDO	Sell	ISHARES TRibonds dec23 etf	$479,000	-0.8%	18,277	-0.8%	0.14%	-7.4%
IBDN	Sell	ISHARES TRibonds dec22 etf	$468,000	-0.8%	18,248	-0.8%	0.13%	-7.6%
IBDM	Sell	ISHARES TRibonds dec21 etf	$457,000	-1.1%	18,230	-0.7%	0.13%	-7.7%
IBDL	Sell	ISHARES TRibonds dec20 etf	$448,000	-1.1%	17,763	-0.7%	0.13%	-7.9%
IBMI	Exit	ISHARES TRibonds sep2020	$0	–	-35,090	–	-0.28%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-13,255	–	-0.32%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-31,283	–	-0.60%	–
AFL	Exit	AFLAC INC	$0	–	-82,775	–	-0.92%	–
D	Exit	DOMINION ENERGY INC	$0	–	-40,126	–	-1.00%	–
AMGN	Exit	AMGEN INC	$0	–	-14,006	–	-1.02%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-50,752	–	-1.24%	–
INTC	Exit	INTEL CORP	$0	–	-103,896	–	-1.91%	–

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$16,613,000	–	81,633	–	5.10%	–
V	New	VISA INC	$13,680,000	–	70,820	–	4.20%	–
AAPL	New	APPLE INC	$12,616,000	–	34,584	–	3.88%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$11,210,000	–	88,835	–	3.44%	–
GOOG	New	ALPHABET INCcap stk cl c	$10,212,000	–	7,224	–	3.14%	–
FISV	New	FISERV INC	$9,969,000	–	102,119	–	3.06%	–
ACN	New	ACCENTURE PLC IRELAND	$9,783,000	–	45,562	–	3.00%	–
BFB	New	BROWN FORMAN CORPcl b	$9,710,000	–	152,536	–	2.98%	–
CRM	New	SALESFORCE COM INC	$9,306,000	–	49,677	–	2.86%	–
XLNX	New	XILINX INC	$8,701,000	–	98,699	–	2.67%	–
UNH	New	UNITEDHEALTH GROUP INC	$8,359,000	–	28,399	–	2.57%	–
SPGI	New	S&P GLOBAL INC	$7,354,000	–	22,320	–	2.26%	–
DIS	New	DISNEY WALT CO	$7,091,000	–	63,592	–	2.18%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,090,000	–	19,566	–	2.18%	–
AMZN	New	AMAZON COM INC	$6,922,000	–	2,509	–	2.13%	–
INTC	New	INTEL CORP	$6,216,000	–	103,896	–	1.91%	–
HRC	New	HILL ROM HLDGS INC	$6,106,000	–	55,649	–	1.88%	–
CSCO	New	CISCO SYS INC	$6,011,000	–	128,879	–	1.85%	–
BLK	New	BLACKROCK INC	$5,941,000	–	10,920	–	1.82%	–
BDX	New	BECTON DICKINSON & CO	$4,873,000	–	20,365	–	1.50%	–
SBUX	New	STARBUCKS CORP	$4,869,000	–	66,169	–	1.50%	–
NKE	New	NIKE INC	$4,869,000	–	49,655	–	1.50%	–
NEE	New	NEXTERA ENERGY INC	$4,755,000	–	19,799	–	1.46%	–
APD	New	AIR PRODS & CHEMS INC	$4,756,000	–	19,697	–	1.46%	–
WMT	New	WALMART INC	$4,746,000	–	39,624	–	1.46%	–
MCD	New	MCDONALDS CORP	$4,727,000	–	25,623	–	1.45%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$4,678,000	–	75,924	–	1.44%	–
LLY	New	LILLY ELI & CO	$4,565,000	–	27,807	–	1.40%	–
ABT	New	ABBOTT LABS	$4,499,000	–	49,203	–	1.38%	–
PNC	New	PNC FINL SVCS GROUP INC	$4,494,000	–	42,716	–	1.38%	–
WSO	New	WATSCO INC.	$4,467,000	–	25,140	–	1.37%	–
CVX	New	CHEVRON CORP NEW	$4,175,000	–	46,791	–	1.28%	–
AEP	New	AMERICAN ELEC PWR INC	$4,042,000	–	50,752	–	1.24%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,042,000	–	73,318	–	1.24%	–
ITW	New	ILLINOIS TOOL WKS INC	$3,913,000	–	22,379	–	1.20%	–
COST	New	COSTCO WHSL CORP NEW	$3,826,000	–	12,619	–	1.18%	–
JNJ	New	JOHNSON & JOHNSON	$3,695,000	–	26,274	–	1.14%	–
MDLZ	New	MONDELEZ INTL INCcl a	$3,553,000	–	69,488	–	1.09%	–
PG	New	PROCTER & GAMBLE CO	$3,431,000	–	28,697	–	1.05%	–
TXN	New	TEXAS INSTRS INC	$3,399,000	–	26,773	–	1.04%	–
AMGN	New	AMGEN INC	$3,303,000	–	14,006	–	1.02%	–
D	New	DOMINION ENERGY INC	$3,257,000	–	40,126	–	1.00%	–
VLO	New	VALERO ENERGY CORP NEW	$3,202,000	–	54,433	–	0.98%	–
HON	New	HONEYWELL INTL INC	$3,192,000	–	22,078	–	0.98%	–
ECL	New	ECOLAB INC	$3,174,000	–	15,955	–	0.98%	–
PLD	New	PROLOGIS INC	$2,994,000	–	32,077	–	0.92%	–
AFL	New	AFLAC INC	$2,982,000	–	82,775	–	0.92%	–
KO	New	COCA COLA CO	$2,567,000	–	57,451	–	0.79%	–
CTVA	New	CORTEVA INC	$2,387,000	–	89,090	–	0.73%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$2,275,000	–	23,913	–	0.70%	–
TD	New	TORONTO DOMINION BK ONT	$2,237,000	–	50,148	–	0.69%	–
DUK	New	DUKE ENERGY CORP NEW	$2,185,000	–	27,347	–	0.67%	–
EMR	New	EMERSON ELEC CO	$1,940,000	–	31,283	–	0.60%	–
MMM	New	3M CO	$1,888,000	–	12,106	–	0.58%	–
HUM	New	HUMANA INC	$1,872,000	–	4,829	–	0.58%	–
PEP	New	PEPSICO INC	$1,619,000	–	12,243	–	0.50%	–
ATVI	New	ACTIVISION BLIZZARD INC	$1,516,000	–	19,978	–	0.47%	–
EXC	New	EXELON CORP	$1,218,000	–	33,572	–	0.37%	–
VYM	New	VANGUARD WHITEHALL FDS INChigh div yld	$1,113,000	–	14,126	–	0.34%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$1,110,000	–	5,491	–	0.34%	–
GD	New	GENERAL DYNAMICS CORP	$1,026,000	–	6,866	–	0.32%	–
MRK	New	MERCK & CO INC NEW	$1,025,000	–	13,255	–	0.32%	–
IBMN	New	ISHARES TRibonds dec 25	$1,010,000	–	36,232	–	0.31%	–
IBMM	New	ISHARES TRibonds dec	$995,000	–	36,883	–	0.31%	–
IBML	New	ISHARES TRibonds dec2023	$986,000	–	37,581	–	0.30%	–
IBMK	New	ISHARES TRibonds dec2022	$970,000	–	36,705	–	0.30%	–
IBMJ	New	ISHARES TRibonds dec2021	$946,000	–	36,466	–	0.29%	–
IBMI	New	ISHARES TRibonds sep2020	$894,000	–	35,090	–	0.28%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$809,000	–	4,937	–	0.25%	–
WAB	New	WABTEC CORP	$737,000	–	13,315	–	0.23%	–
VAR	New	VARIAN MED SYS INC	$717,000	–	5,849	–	0.22%	–
OTIS	New	OTIS WORLDWIDE CORP	$676,000	–	11,881	–	0.21%	–
VBK	New	VANGUARD INDEX FDSsml cp grw etf	$632,000	–	3,166	–	0.19%	–
LHX	New	L3HARRIS TECHNOLOGIES INC.	$564,000	–	3,322	–	0.17%	–
VOO	New	VANGUARD INDEX FDS	$549,000	–	1,936	–	0.17%	–
IBDQ	New	ISHARES TRibonds dec25 etf	$506,000	–	18,750	–	0.16%	–
IBDP	New	ISHARES TRibonds dec24 etf	$491,000	–	18,621	–	0.15%	–
IBDO	New	ISHARES TRibonds dec23 etf	$483,000	–	18,422	–	0.15%	–
IBDN	New	ISHARES TRibonds dec22 etf	$472,000	–	18,388	–	0.14%	–
IBDM	New	ISHARES TRibonds dec21 etf	$462,000	–	18,365	–	0.14%	–
IBDL	New	ISHARES TRibonds dec20 etf	$453,000	–	17,893	–	0.14%	–
ED	New	CONSOLIDATED EDISON INC	$454,000	–	6,305	–	0.14%	–
PH	New	PARKER HANNIFIN CORP	$398,000	–	2,173	–	0.12%	–

Q4 2019

			Value		Shares		↓ Weighting
IBDL	Exit	ISHARES TRibonds dec20 etf	$0	–	-17,745	–	-0.15%	–
IBDM	Exit	ISHARES TRibonds dec21 etf	$0	–	-18,215	–	-0.15%	–
IBDN	Exit	ISHARES TRibonds dec22 etf	$0	–	-18,240	–	-0.16%	–
IBDO	Exit	ISHARES TRibonds dec23 etf	$0	–	-18,275	–	-0.16%	–
IBDP	Exit	ISHARES TRibonds dec24 etf	$0	–	-18,475	–	-0.16%	–
IBDQ	Exit	ISHARES TRibonds dec25 etf	$0	–	-18,605	–	-0.16%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-1,936	–	-0.18%	–
VBK	Exit	VANGUARD INDEX FDSsml cp grw etf	$0	–	-3,101	–	-0.19%	–
CTVA	Exit	CORTEVA INC	$0	–	-20,780	–	-0.20%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-6,390	–	-0.20%	–
IR	Exit	INGERSOLL-RAND PLC	$0	–	-4,993	–	-0.21%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-3,568	–	-0.22%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-3,322	–	-0.24%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-5,879	–	-0.24%	–
IBMI	Exit	ISHARES TRibonds sep2020	$0	–	-29,280	–	-0.25%	–
IBMJ	Exit	ISHARES TRibonds dec2021	$0	–	-29,245	–	-0.26%	–
IBMK	Exit	ISHARES TRibonds dec2022	$0	–	-29,030	–	-0.26%	–
IBML	Exit	ISHARES TRibonds dec2023	$0	–	-29,615	–	-0.26%	–
IBMM	Exit	ISHARES TRibonds dec	$0	–	-29,205	–	-0.26%	–
IBMN	Exit	ISHARES TRibonds dec 25	$0	–	-28,730	–	-0.26%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-4,787	–	-0.27%	–
VUG	Exit	VANGUARD INDEX FDSgrowth etf	$0	–	-5,209	–	-0.29%	–
DOW	Exit	DOW INC	$0	–	-20,754	–	-0.34%	–
WAB	Exit	WABTEC CORP	$0	–	-14,005	–	-0.34%	–
VIAB	Exit	VIACOM INC NEWcl b	$0	–	-42,320	–	-0.34%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-19,465	–	-0.35%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-13,445	–	-0.38%	–
PEP	Exit	PEPSICO INC	$0	–	-8,638	–	-0.40%	–
HUM	Exit	HUMANA INC	$0	–	-4,744	–	-0.41%	–
VYM	Exit	VANGUARD WHITEHALL FDS INChigh div yld	$0	–	-14,341	–	-0.43%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-20,721	–	-0.50%	–
EXC	Exit	EXELON CORP	$0	–	-33,187	–	-0.54%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-5,771	–	-0.56%	–
MMM	Exit	3M CO	$0	–	-11,416	–	-0.64%	–
ECL	Exit	ECOLAB INC	$0	–	-9,860	–	-0.66%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-24,171	–	-0.75%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-32,383	–	-0.78%	–
PLD	Exit	PROLOGIS INC	$0	–	-27,157	–	-0.78%	–
AMGN	Exit	AMGEN INC	$0	–	-12,364	–	-0.81%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-25,477	–	-0.83%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-36,488	–	-0.83%	–
PFE	Exit	PFIZER INC	$0	–	-79,351	–	-0.97%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-47,540	–	-0.98%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-22,693	–	-0.99%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-54,124	–	-1.01%	–
USB	Exit	US BANCORP DEL	$0	–	-55,862	–	-1.05%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-17,006	–	-1.05%	–
KO	Exit	COCA COLA CO	$0	–	-57,176	–	-1.06%	–
LLY	Exit	LILLY ELI & CO	$0	–	-27,897	–	-1.06%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-12,790	–	-1.10%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-23,895	–	-1.10%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-26,462	–	-1.12%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-14,867	–	-1.12%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-19,543	–	-1.12%	–
D	Exit	DOMINION ENERGY INC	$0	–	-40,816	–	-1.12%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-22,554	–	-1.20%	–
ABT	Exit	ABBOTT LABS	$0	–	-42,463	–	-1.20%	–
HST	Exit	HOST HOTELS & RESORTS INC	$0	–	-220,337	–	-1.29%	–
WSO	Exit	WATSCO INC	$0	–	-22,650	–	-1.30%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-63,563	–	-1.30%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-69,553	–	-1.30%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-29,879	–	-1.31%	–
RTN	Exit	RAYTHEON CO	$0	–	-19,825	–	-1.32%	–
NKE	Exit	NIKE INC	$0	–	-42,155	–	-1.34%	–
HRC	Exit	HILL ROM HLDGS INC	$0	–	-39,034	–	-1.39%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-41,950	–	-1.42%	–
WMT	Exit	WALMART INC	$0	–	-35,674	–	-1.43%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-72,723	–	-1.44%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-18,539	–	-1.46%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-51,068	–	-1.48%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-14,951	–	-1.48%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-3,687	–	-1.52%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-48,232	–	-1.53%	–
XLNX	Exit	XILINX INC	$0	–	-47,462	–	-1.54%	–
DIS	Exit	DISNEY WALT CO	$0	–	-35,234	–	-1.56%	–
AFG	Exit	AMERICAN FINL GROUP INC OHIO	$0	–	-43,097	–	-1.58%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-21,744	–	-1.60%	–
BLK	Exit	BLACKROCK INC	$0	–	-10,802	–	-1.63%	–
MCD	Exit	MCDONALDS CORP	$0	–	-23,843	–	-1.73%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-59,364	–	-1.78%	–
INTC	Exit	INTEL CORP	$0	–	-104,941	–	-1.83%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-39,921	–	-1.90%	–
SIGI	Exit	SELECTIVE INS GROUP INC	$0	–	-76,113	–	-1.94%	–
ORCL	Exit	ORACLE CORP	$0	–	-105,653	–	-1.97%	–
AFL	Exit	AFLAC INC	$0	–	-111,890	–	-1.98%	–
CSCO	Exit	CISCO SYS INC	$0	–	-124,208	–	-2.08%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-45,062	–	-2.27%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-56,566	–	-2.27%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-58,306	–	-2.34%	–
AAPL	Exit	APPLE INC	$0	–	-32,179	–	-2.44%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-42,412	–	-2.76%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-142,123	–	-3.02%	–
FISV	Exit	FISERV INC	$0	–	-93,689	–	-3.29%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-75,478	–	-3.56%	–

Q3 2019

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$10,494,000	+3.7%	75,478	-0.1%	3.56%	+7.9%
AAPL	Sell	APPLE INC	$7,207,000	+12.8%	32,179	-0.3%	2.44%	+17.4%
CVX	Sell	CHEVRON CORP NEW	$6,709,000	-4.7%	56,566	-0.1%	2.27%	-0.9%
CRM	Sell	SALESFORCE COM INC	$6,689,000	-2.4%	45,062	-0.2%	2.27%	+1.6%
CSCO	Sell	CISCO SYS INC	$6,137,000	-9.8%	124,208	-0.1%	2.08%	-6.2%
INTC	Sell	INTEL CORP	$5,407,000	+7.5%	104,941	-0.1%	1.83%	+11.9%
SBUX	Sell	STARBUCKS CORP	$5,249,000	+5.4%	59,364	-0.1%	1.78%	+9.6%
VLO	Sell	VALERO ENERGY CORP NEW	$4,353,000	-0.6%	51,068	-0.1%	1.48%	+3.4%
NEE	Sell	NEXTERA ENERGY INC	$4,319,000	+13.6%	18,539	-0.1%	1.46%	+18.2%
GPC	Sell	GENUINE PARTS CO	$4,178,000	-4.1%	41,950	-0.2%	1.42%	-0.2%
NKE	Sell	NIKE INC	$3,959,000	+10.5%	42,155	-1.2%	1.34%	+14.9%
RTN	Sell	RAYTHEON CO	$3,889,000	+12.7%	19,825	-0.1%	1.32%	+17.2%
HON	Sell	HONEYWELL INTL INC	$3,307,000	-3.1%	19,543	-0.1%	1.12%	+0.7%
UTX	Sell	UNITED TECHNOLOGIES CORP	$3,262,000	+4.3%	23,895	-0.5%	1.10%	+8.5%
LLY	Sell	LILLY ELI & CO	$3,120,000	+0.9%	27,897	-0.1%	1.06%	+5.0%
GD	Sell	GENERAL DYNAMICS CORP	$3,108,000	+0.3%	17,006	-0.2%	1.05%	+4.4%
USB	Sell	US BANCORP DEL	$3,091,000	-47.2%	55,862	-50.0%	1.05%	-45.0%
EMR	Sell	EMERSON ELEC CO	$2,440,000	+0.1%	36,488	-0.1%	0.83%	+4.2%
VCIT	Buy	VANGUARD SCOTTSDALE FDSint-term corp	$2,205,000	+1.6%	24,171	+0.0%	0.75%	+5.7%
COST	Sell	COSTCO WHSL CORP NEW	$1,663,000	+8.6%	5,771	-0.4%	0.56%	+12.8%
DD	Sell	DUPONT DE NEMOURS INC	$1,478,000	-5.3%	20,721	-0.3%	0.50%	-1.4%
DOW	Sell	DOW INC	$989,000	-3.5%	20,754	-0.2%	0.34%	+0.3%
VUG	Sell	VANGUARD INDEX FDSgrowth etf	$866,000	+1.4%	5,209	-0.4%	0.29%	+5.4%
LHX	New	L3HARRIS TECHNOLOGIES INC	$693,000	–	3,322	–	0.24%	–
ED	Sell	CONSOLIDATED EDISON INC	$604,000	+7.5%	6,390	-0.4%	0.20%	+12.0%
CTVA	Sell	CORTEVA INC	$581,000	-5.5%	20,780	-0.0%	0.20%	-1.5%
VBK	Sell	VANGUARD INDEX FDSsml cp grw etf	$565,000	-2.9%	3,101	-0.9%	0.19%	+0.5%
LLL	Exit	L-3 TECHNOLOGIES INC.	$0	–	-2,539	–	-0.20%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-41,440	–	-0.61%	–
ABBV	Exit	ABBVIE INC	$0	–	-30,899	–	-0.73%	–
FDX	Exit	FEDEX CORP	$0	–	-20,368	–	-1.09%	–
MTB	Exit	M & T BK CORP	$0	–	-33,346	–	-1.85%	–

Q2 2019

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$10,120,000	–	75,543	–	3.30%	–
FISV	New	FISERV INC	$8,541,000	–	93,689	–	2.78%	–
BFB	New	BROWN FORMAN CORPcl b	$7,878,000	–	142,123	–	2.56%	–
ACN	New	ACCENTURE PLC IRELAND	$7,836,000	–	42,412	–	2.55%	–
DRI	New	DARDEN RESTAURANTS INC	$7,098,000	–	58,306	–	2.31%	–
CVX	New	CHEVRON CORP NEW	$7,043,000	–	56,596	–	2.29%	–
CRM	New	SALESFORCE COM INC	$6,852,000	–	45,162	–	2.23%	–
CSCO	New	CISCO SYS INC	$6,807,000	–	124,383	–	2.22%	–
AAPL	New	APPLE INC	$6,389,000	–	32,283	–	2.08%	–
AFL	New	AFLAC INC	$6,133,000	–	111,890	–	2.00%	–
ORCL	New	ORACLE CORP	$6,019,000	–	105,653	–	1.96%	–
USB	New	US BANCORP DEL	$5,852,000	–	111,672	–	1.90%	–
SIGI	New	SELECTIVE INS GROUP INC	$5,700,000	–	76,113	–	1.86%	–
MTB	New	M & T BK CORP	$5,671,000	–	33,346	–	1.85%	–
XLNX	New	XILINX INC	$5,597,000	–	47,462	–	1.82%	–
PNC	New	PNC FINL SVCS GROUP INC	$5,480,000	–	39,921	–	1.78%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,306,000	–	21,744	–	1.73%	–
BLK	New	BLACKROCK INC	$5,069,000	–	10,802	–	1.65%	–
INTC	New	INTEL CORP	$5,028,000	–	105,041	–	1.64%	–
SBUX	New	STARBUCKS CORP	$4,981,000	–	59,414	–	1.62%	–
MCD	New	MCDONALDS CORP	$4,951,000	–	23,843	–	1.61%	–
DIS	New	DISNEY WALT CO	$4,920,000	–	35,234	–	1.60%	–
AFG	New	AMERICAN FINL GROUP INC OHIO	$4,416,000	–	43,097	–	1.44%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$4,391,000	–	14,951	–	1.43%	–
VLO	New	VALERO ENERGY CORP NEW	$4,378,000	–	51,143	–	1.43%	–
GPC	New	GENUINE PARTS CO	$4,356,000	–	42,050	–	1.42%	–
TD	New	TORONTO DOMINION BK ONT	$4,244,000	–	72,723	–	1.38%	–
AEP	New	AMERICAN ELEC PWR INC	$4,245,000	–	48,232	–	1.38%	–
JNJ	New	JOHNSON & JOHNSON	$4,162,000	–	29,879	–	1.36%	–
HRC	New	HILL ROM HLDGS INC	$4,084,000	–	39,034	–	1.33%	–
HST	New	HOST HOTELS & RESORTS INC	$4,015,000	–	220,337	–	1.31%	–
GOOG	New	ALPHABET INCcap stk cl c	$3,985,000	–	3,687	–	1.30%	–
WMT	New	WALMART INC	$3,942,000	–	35,674	–	1.28%	–
NEE	New	NEXTERA ENERGY INC	$3,802,000	–	18,559	–	1.24%	–
MDLZ	New	MONDELEZ INTL INCcl a	$3,749,000	–	69,553	–	1.22%	–
WSO	New	WATSCO INC.	$3,704,000	–	22,650	–	1.21%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,631,000	–	63,563	–	1.18%	–
NKE	New	NIKE INC	$3,583,000	–	42,675	–	1.17%	–
ABT	New	ABBOTT LABS	$3,571,000	–	42,463	–	1.16%	–
RTN	New	RAYTHEON CO	$3,451,000	–	19,845	–	1.12%	–
PFE	New	PFIZER INC	$3,437,000	–	79,351	–	1.12%	–
HON	New	HONEYWELL INTL INC	$3,414,000	–	19,553	–	1.11%	–
ITW	New	ILLINOIS TOOL WKS INC	$3,401,000	–	22,554	–	1.11%	–
APD	New	AIR PRODS & CHEMS INC	$3,365,000	–	14,867	–	1.10%	–
FDX	New	FEDEX CORP	$3,344,000	–	20,368	–	1.09%	–
BDX	New	BECTON DICKINSON & CO	$3,223,000	–	12,790	–	1.05%	–
D	New	DOMINION ENERGY INC	$3,156,000	–	40,816	–	1.03%	–
UTX	New	UNITED TECHNOLOGIES CORP	$3,127,000	–	24,020	–	1.02%	–
GD	New	GENERAL DYNAMICS CORP	$3,098,000	–	17,041	–	1.01%	–
LLY	New	LILLY ELI & CO	$3,093,000	–	27,922	–	1.01%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$2,959,000	–	54,124	–	0.96%	–
KO	New	COCA COLA CO	$2,911,000	–	57,176	–	0.95%	–
PG	New	PROCTER & GAMBLE CO	$2,902,000	–	26,462	–	0.94%	–
MPC	New	MARATHON PETE CORP	$2,657,000	–	47,540	–	0.86%	–
TXN	New	TEXAS INSTRS INC	$2,604,000	–	22,693	–	0.85%	–
XOM	New	EXXON MOBIL CORP	$2,482,000	–	32,383	–	0.81%	–
EMR	New	EMERSON ELEC CO	$2,437,000	–	36,528	–	0.79%	–
AMGN	New	AMGEN INC	$2,278,000	–	12,364	–	0.74%	–
ABBV	New	ABBVIE INC	$2,247,000	–	30,899	–	0.73%	–
DUK	New	DUKE ENERGY CORP NEW	$2,248,000	–	25,477	–	0.73%	–
PLD	New	PROLOGIS INC	$2,175,000	–	27,157	–	0.71%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$2,171,000	–	24,168	–	0.71%	–
MMM	New	3M CO	$1,979,000	–	11,416	–	0.64%	–
ECL	New	ECOLAB INC	$1,947,000	–	9,860	–	0.63%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$1,879,000	–	41,440	–	0.61%	–
EXC	New	EXELON CORP	$1,591,000	–	33,187	–	0.52%	–
DD	New	DUPONT DE NEMOURS INC	$1,561,000	–	20,790	–	0.51%	–
COST	New	COSTCO WHSL CORP NEW	$1,532,000	–	5,796	–	0.50%	–
VIAB	New	VIACOM INC NEWcl b	$1,264,000	–	42,320	–	0.41%	–
HUM	New	HUMANA INC	$1,259,000	–	4,744	–	0.41%	–
VYM	New	VANGUARD WHITEHALL FDS INChigh div yld	$1,253,000	–	14,341	–	0.41%	–
PEP	New	PEPSICO INC	$1,133,000	–	8,638	–	0.37%	–
MRK	New	MERCK & CO INC NEW	$1,127,000	–	13,445	–	0.37%	–
DOW	New	DOW INC	$1,025,000	–	20,790	–	0.33%	–
WAB	New	WABTEC CORP	$1,005,000	–	14,005	–	0.33%	–
ATVI	New	ACTIVISION BLIZZARD INC	$919,000	–	19,465	–	0.30%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$854,000	–	5,229	–	0.28%	–
VAR	New	VARIAN MED SYS INC	$800,000	–	5,879	–	0.26%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$800,000	–	4,787	–	0.26%	–
IBMN	New	ISHARES TRibonds dec 25	$773,000	–	28,730	–	0.25%	–
IBMM	New	ISHARES TRibonds dec	$767,000	–	29,205	–	0.25%	–
IBML	New	ISHARES TRibonds dec2023	$762,000	–	29,615	–	0.25%	–
IBMK	New	ISHARES TRibonds dec2022	$758,000	–	29,030	–	0.25%	–
IBMJ	New	ISHARES TRibonds dec2021	$754,000	–	29,245	–	0.25%	–
IBMI	New	ISHARES TRibonds sep2020	$748,000	–	29,280	–	0.24%	–
IR	New	INGERSOLL-RAND PLC	$632,000	–	4,993	–	0.21%	–
LLL	New	L-3 TECHNOLOGIES INC.	$622,000	–	2,539	–	0.20%	–
CTVA	New	CORTEVA INC	$615,000	–	20,790	–	0.20%	–
PH	New	PARKER HANNIFIN CORP	$607,000	–	3,568	–	0.20%	–
VBK	New	VANGUARD INDEX FDSsml cp grw etf	$582,000	–	3,128	–	0.19%	–
ED	New	CONSOLIDATED EDISON INC	$562,000	–	6,415	–	0.18%	–
VOO	New	VANGUARD INDEX FDS	$521,000	–	1,936	–	0.17%	–
IBDQ	New	ISHARES TRibonds dec25 etf	$476,000	–	18,605	–	0.16%	–
IBDP	New	ISHARES TRibonds dec24 etf	$471,000	–	18,475	–	0.15%	–
IBDO	New	ISHARES TRibonds dec23 etf	$464,000	–	18,275	–	0.15%	–
IBDN	New	ISHARES TRibonds dec22 etf	$460,000	–	18,240	–	0.15%	–
IBDM	New	ISHARES TRibonds dec21 etf	$454,000	–	18,215	–	0.15%	–
IBDL	New	ISHARES TRibonds dec20 etf	$450,000	–	17,745	–	0.15%	–

Q4 2018

			Value		Shares		↓ Weighting
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-6,030	–	-0.15%	–
LLL	Exit	L-3 COMMUNICATIONS HLDGS INC	$0	–	-2,550	–	-0.18%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-2,034	–	-0.18%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-3,928	–	-0.21%	–
VUG	Exit	VANGUARD INDEX FDSgrowth etf	$0	–	-4,253	–	-0.22%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-6,150	–	-0.22%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-9,859	–	-0.23%	–
VBK	Exit	VANGUARD INDEX FDSsml cp grw etf	$0	–	-3,781	–	-0.23%	–
IR	Exit	INGERSOLL-RAND PLC	$0	–	-7,070	–	-0.24%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-4,475	–	-0.27%	–
PEP	Exit	PEPSICO INC	$0	–	-8,532	–	-0.31%	–
VYM	Exit	VANGUARD WHITEHALL FDS INChigh div yld	$0	–	-12,571	–	-0.36%	–
HUM	Exit	HUMANA INC	$0	–	-3,525	–	-0.39%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-23,471	–	-0.42%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-5,730	–	-0.44%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-16,672	–	-0.45%	–
WMT	Exit	WALMART INC	$0	–	-14,846	–	-0.45%	–
WAB	Exit	WABTEC CORP	$0	–	-13,420	–	-0.46%	–
EXC	Exit	EXELON CORP	$0	–	-34,460	–	-0.49%	–
PLD	Exit	PROLOGIS INC	$0	–	-24,940	–	-0.55%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-25,274	–	-0.66%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-25,769	–	-0.70%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-20,838	–	-0.73%	–
MMM	Exit	3M CO	$0	–	-11,196	–	-0.77%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-40,014	–	-0.81%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-14,901	–	-0.81%	–
KO	Exit	COCA COLA CO	$0	–	-56,485	–	-0.85%	–
AMGN	Exit	AMGEN INC	$0	–	-12,810	–	-0.86%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-31,531	–	-0.87%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-40,293	–	-0.92%	–
ABBV	Exit	ABBVIE INC	$0	–	-30,109	–	-0.93%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-66,748	–	-0.93%	–
LLY	Exit	LILLY ELI & CO	$0	–	-27,270	–	-0.95%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-38,958	–	-0.97%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-18,710	–	-1.02%	–
ABT	Exit	ABBOTT LABS	$0	–	-42,821	–	-1.02%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-23,109	–	-1.05%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-22,929	–	-1.05%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-60,975	–	-1.06%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-39,247	–	-1.07%	–
PFE	Exit	PFIZER INC	$0	–	-74,683	–	-1.07%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-12,631	–	-1.07%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-47,855	–	-1.10%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-61,179	–	-1.13%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-17,392	–	-1.16%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-44,740	–	-1.16%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-14,653	–	-1.16%	–
HRC	Exit	HILL ROM HLDGS INC	$0	–	-38,650	–	-1.19%	–
XLNX	Exit	XILINX INC	$0	–	-46,865	–	-1.22%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-52,905	–	-1.26%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-39,485	–	-1.28%	–
DIS	Exit	DISNEY WALT CO	$0	–	-34,253	–	-1.30%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-29,195	–	-1.31%	–
RTN	Exit	RAYTHEON CO	$0	–	-20,610	–	-1.39%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-71,895	–	-1.42%	–
HST	Exit	HOST HOTELS & RESORTS INC	$0	–	-218,111	–	-1.50%	–
FDX	Exit	FEDEX CORP	$0	–	-20,071	–	-1.57%	–
AFG	Exit	AMERICAN FINL GROUP INC OHIO	$0	–	-43,945	–	-1.59%	–
SIGI	Exit	SELECTIVE INS GROUP INC	$0	–	-76,965	–	-1.59%	–
BLK	Exit	BLACKROCK INC	$0	–	-10,572	–	-1.62%	–
INTC	Exit	INTEL CORP	$0	–	-105,845	–	-1.63%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-84,785	–	-1.66%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-4,383	–	-1.70%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-39,080	–	-1.73%	–
ORCL	Exit	ORACLE CORP	$0	–	-104,655	–	-1.76%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-32,700	–	-1.77%	–
MTB	Exit	M & T BK CORP	$0	–	-33,378	–	-1.79%	–
AFL	Exit	AFLAC INC	$0	–	-117,328	–	-1.80%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-21,436	–	-1.86%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-50,629	–	-1.87%	–
USB	Exit	US BANCORP DEL	$0	–	-111,841	–	-1.92%	–
MCD	Exit	MCDONALDS CORP	$0	–	-36,077	–	-1.96%	–
CSCO	Exit	CISCO SYS INC	$0	–	-125,594	–	-1.99%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-56,945	–	-2.27%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-143,471	–	-2.36%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-45,590	–	-2.36%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-43,075	–	-2.39%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-117,904	–	-2.47%	–
FISV	Exit	FISERV INC	$0	–	-94,181	–	-2.52%	–
AAPL	Exit	APPLE INC	$0	–	-34,713	–	-2.55%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-76,091	–	-2.83%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-79,210	–	-2.87%	–
IGBH	Exit	ISHARES US ETF TRint rt hd 10yr	$0	–	-392,315	–	-3.36%	–

Q3 2018

			Value		Shares		↓ Weighting
IGBH	Sell	ISHARES US ETF TRint rt hd 10yr	$10,341,000	-51.8%	392,315	-53.1%	3.36%	-9.9%
DRI	Sell	DARDEN RESTAURANTS INC	$8,807,000	-48.2%	79,210	-50.1%	2.87%	-3.2%
MSFT	Sell	MICROSOFT CORP	$8,703,000	-43.9%	76,091	-51.7%	2.83%	+4.7%
AAPL	Sell	APPLE INC	$7,836,000	-39.5%	34,713	-50.4%	2.55%	+13.0%
FISV	Sell	FISERV INC	$7,759,000	-44.1%	94,181	-49.7%	2.52%	+4.4%
DWDP	Sell	DOWDUPONT INC	$7,582,000	-51.3%	117,904	-50.1%	2.47%	-9.0%
ACN	Sell	ACCENTURE PLC IRELAND	$7,331,000	-47.3%	43,075	-49.4%	2.39%	-1.5%
CRM	Sell	SALESFORCE COM INC	$7,250,000	-40.9%	45,590	-49.3%	2.36%	+10.4%
BFB	Sell	BROWN FORMAN CORPcl b	$7,252,000	-47.6%	143,471	-49.2%	2.36%	-2.1%
CVX	Sell	CHEVRON CORP NEW	$6,963,000	-51.3%	56,945	-49.7%	2.27%	-9.1%
CSCO	Sell	CISCO SYS INC	$6,110,000	-42.9%	125,594	-49.5%	1.99%	+6.8%
MCD	Sell	MCDONALDS CORP	$6,035,000	-46.2%	36,077	-49.6%	1.96%	+0.6%
USB	Sell	US BANCORP DEL	$5,906,000	-46.8%	111,841	-49.6%	1.92%	-0.6%
VLO	Sell	VALERO ENERGY CORP NEW	$5,759,000	-48.6%	50,629	-49.9%	1.87%	-3.9%
UNH	Sell	UNITEDHEALTH GROUP INC	$5,703,000	-47.5%	21,436	-51.6%	1.86%	-2.0%
AFL	Sell	AFLAC INC	$5,523,000	-44.3%	117,328	-49.1%	1.80%	+3.9%
MTB	Sell	M & T BK CORP	$5,492,000	-50.6%	33,378	-48.9%	1.79%	-7.7%
HON	Sell	HONEYWELL INTL INC	$5,441,000	-43.3%	32,700	-50.9%	1.77%	+6.0%
ORCL	Sell	ORACLE CORP	$5,396,000	-40.2%	104,655	-48.9%	1.76%	+11.8%
PNC	Sell	PNC FINL SVCS GROUP INC	$5,322,000	-51.5%	39,080	-51.9%	1.73%	-9.5%
GOOG	New	ALPHABET INCcap stk cl c	$5,231,000	–	4,383	–	1.70%	–
MO	Sell	ALTRIA GROUP INC	$5,113,000	-46.9%	84,785	-50.0%	1.66%	-0.8%
INTC	Sell	INTEL CORP	$5,005,000	-50.2%	105,845	-47.7%	1.63%	-7.0%
BLK	Sell	BLACKROCK INC	$4,983,000	-52.6%	10,572	-49.8%	1.62%	-11.4%
SIGI	Sell	SELECTIVE INS GROUP INC	$4,887,000	-44.6%	76,965	-52.0%	1.59%	+3.5%
AFG	Sell	AMERICAN FINL GROUP INC OHIO	$4,877,000	-46.9%	43,945	-48.6%	1.59%	-0.7%
FDX	Sell	FEDEX CORP	$4,833,000	-48.7%	20,071	-51.6%	1.57%	-4.0%
HST	Sell	HOST HOTELS & RESORTS INC	$4,602,000	-52.1%	218,111	-52.2%	1.50%	-10.6%
TD	Sell	TORONTO DOMINION BK ONT	$4,371,000	-45.0%	71,895	-47.7%	1.42%	+2.7%
RTN	Sell	RAYTHEON CO	$4,259,000	-48.3%	20,610	-51.6%	1.39%	-3.3%
JNJ	Sell	JOHNSON & JOHNSON	$4,034,000	-41.9%	29,195	-49.0%	1.31%	+8.5%
DIS	Sell	DISNEY WALT CO	$4,006,000	-42.0%	34,253	-48.1%	1.30%	+8.3%
GPC	Sell	GENUINE PARTS CO	$3,925,000	-46.2%	39,485	-50.3%	1.28%	+0.5%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$3,857,000	-38.8%	52,905	-49.6%	1.26%	+14.3%
XLNX	Sell	XILINX INC	$3,757,000	-39.0%	46,865	-50.4%	1.22%	+13.9%
HRC	Sell	HILL ROM HLDGS INC	$3,649,000	-46.8%	38,650	-50.8%	1.19%	-0.5%
MPC	Sell	MARATHON PETE CORP	$3,578,000	-42.8%	44,740	-49.8%	1.16%	+6.8%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$3,577,000	-41.6%	14,653	-50.4%	1.16%	+9.1%
GD	Sell	GENERAL DYNAMICS CORP	$3,560,000	-44.8%	17,392	-49.7%	1.16%	+3.2%
SBUX	Sell	STARBUCKS CORP	$3,477,000	-38.8%	61,179	-47.4%	1.13%	+14.5%
AEP	Sell	AMERICAN ELEC PWR INC	$3,392,000	-49.2%	47,855	-50.4%	1.10%	-5.1%
BDX	Sell	BECTON DICKINSON & CO	$3,297,000	-48.3%	12,631	-52.5%	1.07%	-3.4%
PFE	Sell	PFIZER INC	$3,291,000	-39.5%	74,683	-50.2%	1.07%	+13.1%
VCIT	Sell	VANGUARD SCOTTSDALE FDSint-term corp	$3,278,000	-67.1%	39,247	-67.1%	1.07%	-38.5%
VZ	Sell	VERIZON COMMUNICATIONS INC	$3,255,000	-47.0%	60,975	-50.0%	1.06%	-0.9%
ITW	Sell	ILLINOIS TOOL WKS INC	$3,236,000	-49.4%	22,929	-50.3%	1.05%	-5.4%
UTX	Sell	UNITED TECHNOLOGIES CORP	$3,231,000	-44.8%	23,109	-50.6%	1.05%	+3.2%
ABT	Sell	ABBOTT LABS	$3,141,000	-38.7%	42,821	-49.0%	1.02%	+14.6%
NEE	Sell	NEXTERA ENERGY INC	$3,136,000	-49.2%	18,710	-49.4%	1.02%	-5.0%
EMR	Sell	EMERSON ELEC CO	$2,983,000	-43.6%	38,958	-49.1%	0.97%	+5.4%
LLY	Sell	LILLY ELI & CO	$2,926,000	-37.5%	27,270	-50.3%	0.95%	+16.8%
MDLZ	Sell	MONDELEZ INTL INCcl a	$2,867,000	-47.7%	66,748	-50.1%	0.93%	-2.4%
ABBV	Sell	ABBVIE INC	$2,848,000	-50.3%	30,109	-51.3%	0.93%	-7.1%
D	Sell	DOMINION RES INC VA NEW	$2,832,000	-48.8%	40,293	-50.3%	0.92%	-4.3%
XOM	Sell	EXXON MOBIL CORP	$2,681,000	-48.7%	31,531	-50.1%	0.87%	-4.1%
AMGN	Sell	AMGEN INC	$2,655,000	-45.1%	12,810	-51.1%	0.86%	+2.6%
KO	Sell	COCA COLA CO	$2,609,000	-48.9%	56,485	-51.5%	0.85%	-4.5%
APD	Sell	AIR PRODS & CHEMS INC	$2,489,000	-46.7%	14,901	-50.3%	0.81%	-0.5%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$2,484,000	-43.5%	40,014	-49.6%	0.81%	+5.5%
MMM	Sell	3M CO	$2,359,000	-46.1%	11,196	-49.6%	0.77%	+0.8%
TXN	Sell	TEXAS INSTRS INC	$2,236,000	-51.9%	20,838	-50.6%	0.73%	-10.1%
PG	Sell	PROCTER & GAMBLE CO	$2,145,000	-47.3%	25,769	-50.6%	0.70%	-1.7%
DUK	Sell	DUKE ENERGY CORP NEW	$2,022,000	-47.5%	25,274	-48.1%	0.66%	-1.9%
PLD	Sell	PROLOGIS INC	$1,691,000	-49.2%	24,940	-50.8%	0.55%	-5.2%
EXC	Sell	EXELON CORP	$1,505,000	-50.4%	34,460	-51.7%	0.49%	-7.4%
WAB	Sell	WABTEC CORP	$1,407,000	-46.6%	13,420	-49.8%	0.46%	-0.2%
WMT	Sell	WALMART INC	$1,394,000	-47.7%	14,846	-52.3%	0.45%	-2.2%
ATVI	Sell	ACTIVISION BLIZZARD INC	$1,387,000	-51.4%	16,672	-55.4%	0.45%	-9.3%
COST	Sell	COSTCO WHSL CORP NEW	$1,346,000	+8.8%	5,730	-3.2%	0.44%	+103.7%
KHC	Sell	KRAFT HEINZ CO	$1,293,000	-56.6%	23,471	-50.5%	0.42%	-18.9%
HUM	Buy	HUMANA INC	$1,193,000	+21.1%	3,525	+6.5%	0.39%	+125.6%
VYM	Sell	VANGUARD WHITEHALL FDS INChigh div yld	$1,095,000	-47.5%	12,571	-49.9%	0.36%	-1.9%
PEP	Sell	PEPSICO INC	$954,000	+0.3%	8,532	-2.3%	0.31%	+86.7%
PH	Buy	PARKER HANNIFIN CORP	$823,000	+32.3%	4,475	+12.2%	0.27%	+148.1%
IR	Buy	INGERSOLL-RAND PLC	$723,000	+18.1%	7,070	+3.7%	0.24%	+119.6%
VBK	Buy	VANGUARD INDEX FDSsml cp grw etf	$708,000	+8.1%	3,781	+1.6%	0.23%	+101.8%
MRK	Sell	MERCK & CO INC NEW	$699,000	-49.8%	9,859	-57.0%	0.23%	-6.2%
VAR	Sell	VARIAN MED SYS INC	$688,000	-2.7%	6,150	-1.0%	0.22%	+82.1%
VUG	Buy	VANGUARD INDEX FDSgrowth etf	$685,000	+7.5%	4,253	+0.0%	0.22%	+100.9%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$645,000	+3.7%	3,928	-0.5%	0.21%	+94.4%
ED	Buy	CONSOLIDATED EDISON INC	$459,000	+17.1%	6,030	+19.9%	0.15%	+119.1%
AMAT	Exit	APPLIED MATLS INC	$0	–	-70,780	–	-0.57%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-100,860	–	-0.92%	–
T	Exit	AT&T INC	$0	–	-166,436	–	-0.93%	–

Q2 2018

			Value		Shares		↓ Weighting
IGBH	New	ISHARES US ETF TRint rt hd 10yr	$21,440,000	–	836,876	–	3.73%	–
DRI	New	DARDEN RESTAURANTS INC	$17,002,000	–	158,800	–	2.96%	–
DWDP	New	DOWDUPONT INC	$15,578,000	–	236,318	–	2.71%	–
MSFT	New	MICROSOFT CORP	$15,522,000	–	157,406	–	2.70%	–
CVX	New	CHEVRON CORP NEW	$14,306,000	–	113,150	–	2.49%	–
ACN	New	ACCENTURE PLC IRELAND	$13,914,000	–	85,060	–	2.42%	–
FISV	New	FISERV INC	$13,884,000	–	187,382	–	2.42%	–
BFB	New	BROWN FORMAN CORPcl b	$13,844,000	–	282,492	–	2.41%	–
AAPL	New	APPLE INC	$12,952,000	–	69,972	–	2.26%	–
CRM	New	SALESFORCE COM INC	$12,270,000	–	89,950	–	2.14%	–
MCD	New	MCDONALDS CORP	$11,212,000	–	71,554	–	1.95%	–
VLO	New	VALERO ENERGY CORP NEW	$11,200,000	–	101,058	–	1.95%	–
MTB	New	M & T BK CORP	$11,116,000	–	65,326	–	1.94%	–
USB	New	US BANCORP DEL	$11,102,000	–	221,962	–	1.93%	–
PNC	New	PNC FINL SVCS GROUP INC	$10,982,000	–	81,290	–	1.91%	–
UNH	New	UNITEDHEALTH GROUP INC	$10,872,000	–	44,312	–	1.89%	–
CSCO	New	CISCO SYS INC	$10,694,000	–	248,518	–	1.86%	–
BLK	New	BLACKROCK INC	$10,504,000	–	21,048	–	1.83%	–
INTC	New	INTEL CORP	$10,058,000	–	202,330	–	1.75%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$9,958,000	–	119,234	–	1.73%	–
AFL	New	AFLAC INC	$9,924,000	–	230,696	–	1.73%	–
MO	New	ALTRIA GROUP INC	$9,630,000	–	169,570	–	1.68%	–
HST	New	HOST HOTELS & RESORTS INC	$9,616,000	–	456,420	–	1.68%	–
HON	New	HONEYWELL INTL INC	$9,596,000	–	66,610	–	1.67%	–
FDX	New	FEDEX CORP	$9,412,000	–	41,452	–	1.64%	–
AFG	New	AMERICAN FINL GROUP INC OHIO	$9,176,000	–	85,490	–	1.60%	–
ORCL	New	ORACLE CORP	$9,016,000	–	204,630	–	1.57%	–
SIGI	New	SELECTIVE INS GROUP INC	$8,816,000	–	160,280	–	1.54%	–
RTN	New	RAYTHEON CO	$8,230,000	–	42,600	–	1.43%	–
TD	New	TORONTO DOMINION BK ONT	$7,952,000	–	137,420	–	1.38%	–
GPC	New	GENUINE PARTS CO	$7,296,000	–	79,480	–	1.27%	–
JNJ	New	JOHNSON & JOHNSON	$6,948,000	–	57,260	–	1.21%	–
DIS	New	DISNEY WALT CO	$6,910,000	–	65,936	–	1.20%	–
HRC	New	HILL ROM HLDGS INC	$6,856,000	–	78,490	–	1.19%	–
AEP	New	AMERICAN ELEC PWR INC	$6,680,000	–	96,450	–	1.16%	–
GD	New	GENERAL DYNAMICS CORP	$6,450,000	–	34,604	–	1.12%	–
ITW	New	ILLINOIS TOOL WKS INC	$6,390,000	–	46,128	–	1.11%	–
BDX	New	BECTON DICKINSON & CO	$6,376,000	–	26,612	–	1.11%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$6,306,000	–	105,060	–	1.10%	–
MPC	New	MARATHON PETE CORP	$6,258,000	–	89,190	–	1.09%	–
NEE	New	NEXTERA ENERGY INC	$6,172,000	–	36,950	–	1.08%	–
XLNX	New	XILINX INC	$6,164,000	–	94,440	–	1.07%	–
VZ	New	VERIZON COMMUNICATIONS INC	$6,140,000	–	122,050	–	1.07%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$6,124,000	–	29,566	–	1.07%	–
UTX	New	UNITED TECHNOLOGIES CORP	$5,852,000	–	46,808	–	1.02%	–
ABBV	New	ABBVIE INC	$5,732,000	–	61,868	–	1.00%	–
SBUX	New	STARBUCKS CORP	$5,680,000	–	116,288	–	0.99%	–
D	New	DOMINION RES INC VA NEW	$5,530,000	–	81,116	–	0.96%	–
MDLZ	New	MONDELEZ INTL INCcl a	$5,486,000	–	133,786	–	0.96%	–
PFE	New	PFIZER INC	$5,436,000	–	149,836	–	0.95%	–
T	New	AT&T INC	$5,344,000	–	166,436	–	0.93%	–
MU	New	MICRON TECHNOLOGY INC	$5,290,000	–	100,860	–	0.92%	–
EMR	New	EMERSON ELEC CO	$5,290,000	–	76,506	–	0.92%	–
XOM	New	EXXON MOBIL CORP	$5,224,000	–	63,152	–	0.91%	–
ABT	New	ABBOTT LABS	$5,120,000	–	83,932	–	0.89%	–
KO	New	COCA COLA CO	$5,104,000	–	116,370	–	0.89%	–
AMGN	New	AMGEN INC	$4,836,000	–	26,200	–	0.84%	–
LLY	New	LILLY ELI & CO	$4,678,000	–	54,830	–	0.82%	–
APD	New	AIR PRODS & CHEMS INC	$4,674,000	–	30,012	–	0.81%	–
TXN	New	TEXAS INSTRS INC	$4,652,000	–	42,186	–	0.81%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$4,396,000	–	79,428	–	0.77%	–
MMM	New	3M CO	$4,374,000	–	22,232	–	0.76%	–
PG	New	PROCTER & GAMBLE CO	$4,074,000	–	52,178	–	0.71%	–
DUK	New	DUKE ENERGY CORP NEW	$3,852,000	–	48,698	–	0.67%	–
PLD	New	PROLOGIS INC	$3,328,000	–	50,650	–	0.58%	–
AMAT	New	APPLIED MATLS INC	$3,270,000	–	70,780	–	0.57%	–
EXC	New	EXELON CORP	$3,036,000	–	71,290	–	0.53%	–
KHC	New	KRAFT HEINZ CO	$2,980,000	–	47,432	–	0.52%	–
ATVI	New	ACTIVISION BLIZZARD INC	$2,852,000	–	37,360	–	0.50%	–
WMT	New	WALMART INC	$2,664,000	–	31,102	–	0.46%	–
WAB	New	WABTEC CORP	$2,634,000	–	26,720	–	0.46%	–
VYM	New	VANGUARD WHITEHALL FDS INChigh div yld	$2,086,000	–	25,106	–	0.36%	–
MRK	New	MERCK & CO INC NEW	$1,392,000	–	22,938	–	0.24%	–
COST	New	COSTCO WHSL CORP NEW	$1,237,000	–	5,920	–	0.22%	–
HUM	New	HUMANA INC	$985,000	–	3,310	–	0.17%	–
PEP	New	PEPSICO INC	$951,000	–	8,737	–	0.17%	–
VAR	New	VARIAN MED SYS INC	$707,000	–	6,215	–	0.12%	–
VBK	New	VANGUARD INDEX FDSsml cp grw etf	$655,000	–	3,723	–	0.11%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$637,000	–	4,251	–	0.11%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$622,000	–	3,947	–	0.11%	–
PH	New	PARKER HANNIFIN CORP	$622,000	–	3,990	–	0.11%	–
IR	New	INGERSOLL-RAND PLC	$612,000	–	6,820	–	0.11%	–
VOO	New	VANGUARD INDEX FDS	$508,000	–	2,034	–	0.09%	–
LLL	New	L-3 COMMUNICATIONS HLDGS INC	$490,000	–	2,550	–	0.08%	–
ED	New	CONSOLIDATED EDISON INC	$392,000	–	5,030	–	0.07%	–

Q4 2017

			Value		Shares		↓ Weighting
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-4,000	–	-0.11%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-2,406	–	-0.13%	–
VUG	Exit	VANGUARD INDEX FDSgrowth etf	$0	–	-2,954	–	-0.15%	–
LLL	Exit	L-3 COMMUNICATIONS HLDGS INC	$0	–	-2,085	–	-0.15%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-5,225	–	-0.16%	–
IR	Exit	INGERSOLL-RAND PLC	$0	–	-4,965	–	-0.17%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-6,670	–	-0.18%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-2,845	–	-0.19%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-2,154	–	-0.19%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-5,495	–	-0.21%	–
VBK	Exit	VANGUARD INDEX FDSsml cp grw etf	$0	–	-3,799	–	-0.22%	–
HUM	Exit	HUMANA INC	$0	–	-2,550	–	-0.24%	–
BKLN	Exit	POWERSHARES ETF TRUST IIsenior ln port	$0	–	-32,000	–	-0.28%	–
VYM	Exit	VANGUARD WHITEHALL FDS INChigh div yld	$0	–	-10,002	–	-0.31%	–
PEP	Exit	PEPSICO INC	$0	–	-7,620	–	-0.32%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-5,240	–	-0.32%	–
WAB	Exit	WABTEC CORP	$0	–	-12,635	–	-0.36%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-13,081	–	-0.39%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-16,215	–	-0.40%	–
EXC	Exit	EXELON CORP	$0	–	-30,860	–	-0.44%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-19,037	–	-0.55%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-22,164	–	-0.65%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-24,016	–	-0.76%	–
ABT	Exit	ABBOTT LABS	$0	–	-37,806	–	-0.76%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-24,694	–	-0.76%	–
LLY	Exit	LILLY ELI & CO	$0	–	-25,370	–	-0.82%	–
MMM	Exit	3M CO	$0	–	-10,366	–	-0.82%	–
PSX	Exit	PHILLIPS 66	$0	–	-24,370	–	-0.84%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-24,684	–	-0.85%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-35,908	–	-0.85%	–
AMGN	Exit	AMGEN INC	$0	–	-12,375	–	-0.87%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-19,711	–	-0.88%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-41,575	–	-0.88%	–
PAY	Exit	VERIFONE SYS INC	$0	–	-115,060	–	-0.88%	–
MON	Exit	MONSANTO CO NEW	$0	–	-19,590	–	-0.89%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-37,309	–	-0.90%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-12,518	–	-0.93%	–
FHI	Exit	FEDERATED INVS INC PAcl b	$0	–	-82,705	–	-0.93%	–
KO	Exit	COCA COLA CO	$0	–	-55,625	–	-0.95%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-62,013	–	-0.95%	–
PFE	Exit	PFIZER INC	$0	–	-72,068	–	-0.97%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-13,763	–	-0.98%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-17,975	–	-1.00%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-22,799	–	-1.00%	–
HRC	Exit	HILL ROM HLDGS INC	$0	–	-35,945	–	-1.00%	–
ABBV	Exit	ABBVIE INC	$0	–	-30,836	–	-1.04%	–
GIS	Exit	GENERAL MLS INC	$0	–	-54,211	–	-1.06%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-57,405	–	-1.07%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-53,640	–	-1.09%	–
DIS	Exit	DISNEY WALT CO	$0	–	-29,963	–	-1.12%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-47,594	–	-1.15%	–
T	Exit	AT&T INC	$0	–	-81,108	–	-1.20%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-45,465	–	-1.21%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-16,312	–	-1.27%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-22,964	–	-1.28%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-27,588	–	-1.36%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-37,825	–	-1.37%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-48,414	–	-1.41%	–
INTC	Exit	INTEL CORP	$0	–	-98,041	–	-1.41%	–
RTN	Exit	RAYTHEON CO	$0	–	-20,245	–	-1.43%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-68,005	–	-1.44%	–
CSCO	Exit	CISCO SYS INC	$0	–	-119,089	–	-1.51%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-42,925	–	-1.51%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-21,170	–	-1.57%	–
AFG	Exit	AMERICAN FINL GROUP INC OHIO	$0	–	-40,145	–	-1.57%	–
BLK	Exit	BLACKROCK INC	$0	–	-9,932	–	-1.68%	–
AFL	Exit	AFLAC INC	$0	–	-54,938	–	-1.69%	–
FDX	Exit	FEDEX CORP	$0	–	-20,197	–	-1.72%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-32,360	–	-1.73%	–
HST	Exit	HOST HOTELS & RESORTS INC	$0	–	-250,020	–	-1.75%	–
ORCL	Exit	ORACLE CORP	$0	–	-98,455	–	-1.80%	–
SIGI	Exit	SELECTIVE INS GROUP INC	$0	–	-89,550	–	-1.82%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-56,274	–	-1.87%	–
AAPL	Exit	APPLE INC	$0	–	-32,956	–	-1.92%	–
MTB	Exit	M & T BK CORP	$0	–	-31,648	–	-1.92%	–
MCD	Exit	MCDONALDS CORP	$0	–	-33,215	–	-1.96%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-39,040	–	-1.99%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-39,705	–	-2.02%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-84,910	–	-2.03%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-74,373	–	-2.09%	–
USB	Exit	US BANCORP DEL	$0	–	-107,016	–	-2.17%	–
FISV	Exit	FISERV INC	$0	–	-45,393	–	-2.21%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-76,390	–	-2.27%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-111,910	–	-2.30%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-55,400	–	-2.46%	–
	Exit	SYMANTEC CORP	$0	–	-199,824	–	-2.48%	–
IGBH	Exit	ISHARES U S ETF TRint rt hdg c b	$0	–	-259,032	–	-2.52%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-114,251	–	-2.99%	–

Q3 2017

			Value		Shares		↓ Weighting
DWDP	New	DOWDUPONT INC	$7,910,000	–	114,251	–	2.99%	–
IGBH	Sell	ISHARES U S ETF TRint rt hdg c b	$6,667,000	-56.3%	259,032	-56.5%	2.52%	-13.6%
	Sell	SYMANTEC CORP	$6,556,000	-42.3%	199,824	-50.3%	2.48%	+14.2%
CVX	Sell	CHEVRON CORP NEW	$6,510,000	-44.5%	55,400	-50.7%	2.46%	+9.7%
BFB	Sell	BROWN FORMAN CORPcl b	$6,077,000	-44.1%	111,910	-50.0%	2.30%	+10.5%
DRI	Sell	DARDEN RESTAURANTS INC	$6,018,000	-56.5%	76,390	-50.1%	2.27%	-14.0%
FISV	Sell	FISERV INC	$5,854,000	-47.1%	45,393	-49.9%	2.21%	+4.6%
USB	Sell	US BANCORP DEL	$5,735,000	-49.2%	107,016	-50.8%	2.17%	+0.5%
MSFT	Sell	MICROSOFT CORP	$5,540,000	-48.4%	74,373	-52.2%	2.09%	+2.0%
MO	Sell	ALTRIA GROUP INC	$5,385,000	-67.1%	84,910	-61.4%	2.03%	-34.9%
ACN	Sell	ACCENTURE PLC IRELAND	$5,363,000	-47.4%	39,705	-51.8%	2.02%	+4.0%
PNC	Sell	PNC FINL SVCS GROUP INC	$5,261,000	-48.9%	39,040	-52.6%	1.99%	+1.2%
MCD	Sell	MCDONALDS CORP	$5,204,000	-50.2%	33,215	-51.4%	1.96%	-1.6%
MTB	Sell	M & T BK CORP	$5,097,000	-51.3%	31,648	-51.0%	1.92%	-3.7%
AAPL	Sell	APPLE INC	$5,079,000	-47.6%	32,956	-51.1%	1.92%	+3.6%
VCIT	Sell	VANGUARD SCOTTSDALE FDSint-term corp	$4,953,000	-49.4%	56,274	-49.7%	1.87%	0.0%
SIGI	Sell	SELECTIVE INS GROUP INC	$4,822,000	-48.3%	89,550	-51.9%	1.82%	+2.3%
ORCL	Sell	ORACLE CORP	$4,760,000	-51.2%	98,455	-49.4%	1.80%	-3.4%
HST	Sell	HOST HOTELS & RESORTS INC	$4,623,000	-51.3%	250,020	-51.8%	1.75%	-3.6%
HON	Sell	HONEYWELL INTL INC	$4,587,000	-47.7%	32,360	-50.8%	1.73%	+3.5%
FDX	Sell	FEDEX CORP	$4,556,000	-49.3%	20,197	-51.1%	1.72%	+0.4%
AFL	Sell	AFLAC INC	$4,471,000	-49.8%	54,938	-52.0%	1.69%	-0.6%
BLK	Sell	BLACKROCK INC	$4,440,000	-47.7%	9,932	-50.5%	1.68%	+3.6%
AFG	Sell	AMERICAN FINL GROUP INC OHIO	$4,153,000	-50.1%	40,145	-52.1%	1.57%	-1.3%
UNH	Sell	UNITEDHEALTH GROUP INC	$4,146,000	-48.7%	21,170	-51.4%	1.57%	+1.5%
CRM	Sell	SALESFORCE COM INC	$4,010,000	-47.6%	42,925	-51.5%	1.51%	+3.6%
CSCO	Sell	CISCO SYS INC	$4,005,000	-47.1%	119,089	-50.8%	1.51%	+4.6%
TD	Sell	TORONTO DOMINION BK ONT	$3,827,000	-45.1%	68,005	-50.8%	1.44%	+8.6%
RTN	Sell	RAYTHEON CO	$3,777,000	-44.3%	20,245	-51.8%	1.43%	+10.2%
INTC	Sell	INTEL CORP	$3,733,000	-44.2%	98,041	-50.5%	1.41%	+10.5%
VLO	Sell	VALERO ENERGY CORP NEW	$3,724,000	-44.7%	48,414	-51.5%	1.41%	+9.4%
GPC	Sell	GENUINE PARTS CO	$3,618,000	-50.6%	37,825	-52.1%	1.37%	-2.3%
JNJ	Sell	JOHNSON & JOHNSON	$3,587,000	-52.2%	27,588	-51.4%	1.36%	-5.5%
ITW	Sell	ILLINOIS TOOL WKS INC	$3,398,000	-48.3%	22,964	-49.9%	1.28%	+2.3%
GD	Sell	GENERAL DYNAMICS CORP	$3,353,000	-49.6%	16,312	-51.5%	1.27%	-0.4%
AEP	Sell	AMERICAN ELEC PWR INC	$3,193,000	-50.5%	45,465	-51.1%	1.21%	-2.2%
T	Sell	AT&T INC	$3,177,000	-48.3%	81,108	-50.2%	1.20%	+2.3%
MRK	Sell	MERCK & CO INC NEW	$3,047,000	-51.6%	47,594	-51.5%	1.15%	-4.2%
DIS	Sell	DISNEY WALT CO	$2,953,000	-53.7%	29,963	-50.1%	1.12%	-8.4%
SBUX	New	STARBUCKS CORP	$2,881,000	–	53,640	–	1.09%	–
VZ	Sell	VERIZON COMMUNICATIONS INC	$2,841,000	-45.2%	57,405	-50.5%	1.07%	+8.4%
GIS	Sell	GENERAL MLS INC	$2,806,000	-53.4%	54,211	-50.1%	1.06%	-7.8%
ABBV	Sell	ABBVIE INC	$2,740,000	-38.7%	30,836	-50.0%	1.04%	+21.2%
HRC	Sell	HILL ROM HLDGS INC	$2,660,000	-54.8%	35,945	-51.4%	1.00%	-10.6%
UTX	Sell	UNITED TECHNOLOGIES CORP	$2,647,000	-52.4%	22,799	-49.9%	1.00%	-5.8%
NEE	Sell	NEXTERA ENERGY INC	$2,634,000	-49.0%	17,975	-51.2%	1.00%	+0.9%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$2,604,000	-47.3%	13,763	-51.4%	0.98%	+4.2%
PFE	Sell	PFIZER INC	$2,573,000	-46.9%	72,068	-50.0%	0.97%	+5.1%
MDLZ	Sell	MONDELEZ INTL INCcl a	$2,521,000	-53.7%	62,013	-50.8%	0.95%	-8.4%
KO	Sell	COCA COLA CO	$2,504,000	-50.9%	55,625	-51.1%	0.95%	-2.8%
FHI	Sell	FEDERATED INVS INC PAcl b	$2,456,000	-49.3%	82,705	-51.7%	0.93%	+0.4%
BDX	Sell	BECTON DICKINSON & CO	$2,453,000	-50.9%	12,518	-51.1%	0.93%	-2.8%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$2,378,000	-43.4%	37,309	-50.5%	0.90%	+12.1%
MON	Sell	MONSANTO CO NEW	$2,347,000	-52.1%	19,590	-52.7%	0.89%	-5.2%
MPC	Sell	MARATHON PETE CORP	$2,332,000	-46.4%	41,575	-50.0%	0.88%	+6.0%
PAY	Sell	VERIFONE SYS INC	$2,333,000	-44.5%	115,060	-50.5%	0.88%	+9.7%
KMB	Sell	KIMBERLY CLARK CORP	$2,320,000	-55.5%	19,711	-51.2%	0.88%	-12.0%
AMGN	Sell	AMGEN INC	$2,307,000	-47.6%	12,375	-51.6%	0.87%	+3.7%
EMR	Sell	EMERSON ELEC CO	$2,256,000	-48.9%	35,908	-51.5%	0.85%	+1.1%
PG	Sell	PROCTER & GAMBLE CO	$2,246,000	-48.1%	24,684	-50.2%	0.85%	+2.7%
PSX	Sell	PHILLIPS 66	$2,233,000	-46.2%	24,370	-51.4%	0.84%	+6.4%
MMM	Sell	3M CO	$2,176,000	-51.9%	10,366	-52.3%	0.82%	-4.9%
LLY	Sell	LILLY ELI & CO	$2,170,000	-46.5%	25,370	-48.5%	0.82%	+5.8%
XOM	Sell	EXXON MOBIL CORP	$2,024,000	-49.0%	24,694	-49.8%	0.76%	+0.8%
ABT	Sell	ABBOTT LABS	$2,017,000	-47.6%	37,806	-52.2%	0.76%	+3.7%
DUK	Sell	DUKE ENERGY CORP NEW	$2,015,000	-50.5%	24,016	-50.7%	0.76%	-2.1%
KHC	Sell	KRAFT HEINZ CO	$1,719,000	-55.4%	22,164	-50.7%	0.65%	-11.8%
D	Sell	DOMINION RES INC VA NEW	$1,465,000	-53.0%	19,037	-53.2%	0.55%	-7.1%
EXC	Sell	EXELON CORP	$1,162,000	-52.2%	30,860	-54.2%	0.44%	-5.4%
ATVI	Sell	ACTIVISION BLIZZARD INC	$1,046,000	-51.6%	16,215	-56.8%	0.40%	-4.4%
WMT	Sell	WAL-MART STORES INC	$1,022,000	-51.5%	13,081	-53.0%	0.39%	-4.0%
WAB	Sell	WABTEC CORP	$957,000	-61.8%	12,635	-53.9%	0.36%	-24.5%
COST	Sell	COSTCO WHSL CORP NEW	$861,000	-52.2%	5,240	-53.4%	0.32%	-5.5%
PEP	Sell	PEPSICO INC	$849,000	-51.2%	7,620	-49.4%	0.32%	-3.3%
VYM	Sell	VANGUARD WHITEHALL FDS INChigh div yld	$811,000	-46.7%	10,002	-48.7%	0.31%	+5.2%
BKLN	Sell	POWERSHARES ETF TRUST IIsenior ln port	$741,000	-52.4%	32,000	-52.5%	0.28%	-5.7%
HUM	Sell	HUMANA INC	$621,000	-53.1%	2,550	-53.6%	0.24%	-7.1%
VBK	Sell	VANGUARD INDEX FDSsml cp grw etf	$580,000	-47.3%	3,799	-49.6%	0.22%	+4.3%
VAR	Sell	VARIAN MED SYS INC	$550,000	-59.3%	5,495	-58.0%	0.21%	-19.4%
VOO	Sell	VANGUARD INDEX FDS	$497,000	-48.0%	2,154	-50.0%	0.19%	+2.7%
PH	Sell	PARKER HANNIFIN CORP	$498,000	-51.3%	2,845	-55.5%	0.19%	-3.6%
CL	Sell	COLGATE PALMOLIVE CO	$486,000	-57.1%	6,670	-56.3%	0.18%	-14.8%
IR	Sell	INGERSOLL-RAND PLC	$443,000	-56.5%	4,965	-55.4%	0.17%	-13.9%
ED	Sell	CONSOLIDATED EDISON INC	$422,000	-50.1%	5,225	-50.1%	0.16%	-1.9%
LLL	Sell	L-3 COMMUNICATIONS HLDGS INC	$393,000	-54.9%	2,085	-60.1%	0.15%	-10.8%
VUG	Buy	VANGUARD INDEX FDSgrowth etf	$392,000	+10.1%	2,954	+5.5%	0.15%	+117.6%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$354,000	-42.5%	2,406	-44.3%	0.13%	+13.6%
MMP	Sell	MAGELLAN MIDSTREAM PRTNRS LP	$284,000	-51.7%	4,000	-51.5%	0.11%	-4.5%
ENB	Exit	ENBRIDGE INC	$0	–	-11,190	–	-0.08%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-43,710	–	-0.45%	–
DOW	Exit	DOW CHEM CO	$0	–	-95,338	–	-1.15%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-107,346	–	-1.65%	–

Q2 2017

			Value		Shares		↓ Weighting
MO	New	ALTRIA GROUP INC	$16,370,000	–	219,820	–	3.12%	–
IGBH	New	ISHARES U S ETF TRint rt hdg c b	$15,256,000	–	595,934	–	2.91%	–
DRI	New	DARDEN RESTAURANTS INC	$13,846,000	–	153,090	–	2.64%	–
CVX	New	CHEVRON CORP NEW	$11,730,000	–	112,426	–	2.24%	–
	New	SYMANTEC CORP	$11,358,000	–	402,028	–	2.17%	–
USB	New	US BANCORP DEL	$11,286,000	–	217,360	–	2.16%	–
FISV	New	FISERV INC	$11,074,000	–	90,526	–	2.11%	–
BFB	New	BROWN FORMAN CORPcl b	$10,878,000	–	223,820	–	2.08%	–
MSFT	New	MICROSOFT CORP	$10,736,000	–	155,742	–	2.05%	–
MTB	New	M & T BK CORP	$10,464,000	–	64,616	–	2.00%	–
MCD	New	MCDONALDS CORP	$10,460,000	–	68,290	–	2.00%	–
PNC	New	PNC FINL SVCS GROUP INC	$10,286,000	–	82,380	–	1.96%	–
ACN	New	ACCENTURE PLC IRELAND	$10,198,000	–	82,460	–	1.95%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$9,794,000	–	111,898	–	1.87%	–
ORCL	New	ORACLE CORP	$9,752,000	–	194,490	–	1.86%	–
AAPL	New	APPLE INC	$9,698,000	–	67,340	–	1.85%	–
HST	New	HOST HOTELS & RESORTS INC	$9,486,000	–	519,200	–	1.81%	–
SIGI	New	SELECTIVE INS GROUP INC	$9,322,000	–	186,260	–	1.78%	–
FDX	New	FEDEX CORP	$8,978,000	–	41,314	–	1.71%	–
AFL	New	AFLAC INC	$8,898,000	–	114,540	–	1.70%	–
HON	New	HONEYWELL INTL INC	$8,764,000	–	65,750	–	1.67%	–
DD	New	DU PONT E I DE NEMOURS & CO	$8,664,000	–	107,346	–	1.65%	–
BLK	New	BLACKROCK INC	$8,482,000	–	20,080	–	1.62%	–
AFG	New	AMERICAN FINL GROUP INC OHIO	$8,322,000	–	83,740	–	1.59%	–
UNH	New	UNITEDHEALTH GROUP INC	$8,082,000	–	43,590	–	1.54%	–
CRM	New	SALESFORCE COM INC	$7,658,000	–	88,420	–	1.46%	–
CSCO	New	CISCO SYS INC	$7,570,000	–	241,850	–	1.44%	–
JNJ	New	JOHNSON & JOHNSON	$7,512,000	–	56,786	–	1.43%	–
GPC	New	GENUINE PARTS CO	$7,322,000	–	78,930	–	1.40%	–
TD	New	TORONTO DOMINION BK ONT	$6,968,000	–	138,310	–	1.33%	–
RTN	New	RAYTHEON CO	$6,778,000	–	41,970	–	1.29%	–
VLO	New	VALERO ENERGY CORP NEW	$6,730,000	–	99,748	–	1.28%	–
INTC	New	INTEL CORP	$6,684,000	–	198,082	–	1.28%	–
GD	New	GENERAL DYNAMICS CORP	$6,656,000	–	33,600	–	1.27%	–
ITW	New	ILLINOIS TOOL WKS INC	$6,570,000	–	45,860	–	1.25%	–
AEP	New	AMERICAN ELEC PWR INC	$6,456,000	–	92,930	–	1.23%	–
DIS	New	DISNEY WALT CO	$6,374,000	–	59,986	–	1.22%	–
MRK	New	MERCK & CO INC NEW	$6,294,000	–	98,218	–	1.20%	–
T	New	AT&T INC	$6,146,000	–	162,886	–	1.17%	–
GIS	New	GENERAL MLS INC	$6,024,000	–	108,730	–	1.15%	–
DOW	New	DOW CHEM CO	$6,012,000	–	95,338	–	1.15%	–
HRC	New	HILL ROM HLDGS INC	$5,886,000	–	73,940	–	1.12%	–
UTX	New	UNITED TECHNOLOGIES CORP	$5,560,000	–	45,540	–	1.06%	–
MDLZ	New	MONDELEZ INTL INCcl a	$5,444,000	–	126,026	–	1.04%	–
KMB	New	KIMBERLY CLARK CORP	$5,218,000	–	40,422	–	1.00%	–
VZ	New	VERIZON COMMUNICATIONS INC	$5,184,000	–	116,074	–	0.99%	–
NEE	New	NEXTERA ENERGY INC	$5,164,000	–	36,850	–	0.99%	–
KO	New	COCA COLA CO	$5,098,000	–	113,650	–	0.97%	–
BDX	New	BECTON DICKINSON & CO	$4,992,000	–	25,590	–	0.95%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$4,940,000	–	28,316	–	0.94%	–
MON	New	MONSANTO CO NEW	$4,898,000	–	41,380	–	0.94%	–
PFE	New	PFIZER INC	$4,846,000	–	144,244	–	0.92%	–
FHI	New	FEDERATED INVS INC PAcl b	$4,840,000	–	171,300	–	0.92%	–
MMM	New	3M CO	$4,524,000	–	21,734	–	0.86%	–
ABBV	New	ABBVIE INC	$4,472,000	–	61,672	–	0.85%	–
EMR	New	EMERSON ELEC CO	$4,418,000	–	74,090	–	0.84%	–
AMGN	New	AMGEN INC	$4,402,000	–	25,564	–	0.84%	–
MPC	New	MARATHON PETE CORP	$4,352,000	–	83,150	–	0.83%	–
PG	New	PROCTER & GAMBLE CO	$4,324,000	–	49,612	–	0.83%	–
PAY	New	VERIFONE SYS INC	$4,204,000	–	232,310	–	0.80%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$4,198,000	–	75,328	–	0.80%	–
PSX	New	PHILLIPS 66	$4,150,000	–	50,190	–	0.79%	–
DUK	New	DUKE ENERGY CORP NEW	$4,070,000	–	48,698	–	0.78%	–
LLY	New	LILLY ELI & CO	$4,054,000	–	49,270	–	0.77%	–
XOM	New	EXXON MOBIL CORP	$3,968,000	–	49,154	–	0.76%	–
KHC	New	KRAFT HEINZ CO	$3,854,000	–	44,994	–	0.74%	–
ABT	New	ABBOTT LABS	$3,848,000	–	79,170	–	0.74%	–
D	New	DOMINION RES INC VA NEW	$3,116,000	–	40,654	–	0.60%	–
WAB	New	WABTEC CORP	$2,506,000	–	27,390	–	0.48%	–
EXC	New	EXELON CORP	$2,432,000	–	67,410	–	0.46%	–
HOG	New	HARLEY DAVIDSON INC	$2,362,000	–	43,710	–	0.45%	–
ATVI	New	ACTIVISION BLIZZARD INC	$2,162,000	–	37,540	–	0.41%	–
WMT	New	WAL-MART STORES INC	$2,108,000	–	27,860	–	0.40%	–
COST	New	COSTCO WHSL CORP NEW	$1,800,000	–	11,250	–	0.34%	–
PEP	New	PEPSICO INC	$1,738,000	–	15,054	–	0.33%	–
BKLN	New	POWERSHARES ETF TRUST IIsenior ln port	$1,558,000	–	67,314	–	0.30%	–
VYM	New	VANGUARD WHITEHALL FDS INChigh div yld	$1,522,000	–	19,482	–	0.29%	–
VAR	New	VARIAN MED SYS INC	$1,350,000	–	13,090	–	0.26%	–
HUM	New	HUMANA INC	$1,324,000	–	5,500	–	0.25%	–
CL	New	COLGATE PALMOLIVE CO	$1,132,000	–	15,260	–	0.22%	–
VBK	New	VANGUARD INDEX FDSsml cp grw etf	$1,100,000	–	7,542	–	0.21%	–
PH	New	PARKER HANNIFIN CORP	$1,022,000	–	6,390	–	0.20%	–
IR	New	INGERSOLL-RAND PLC	$1,018,000	–	11,130	–	0.19%	–
VOO	New	VANGUARD INDEX FDS	$956,000	–	4,308	–	0.18%	–
LLL	New	L-3 COMMUNICATIONS HLDGS INC	$872,000	–	5,220	–	0.17%	–
ED	New	CONSOLIDATED EDISON INC	$846,000	–	10,480	–	0.16%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$616,000	–	4,318	–	0.12%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$588,000	–	8,240	–	0.11%	–
ENB	New	ENBRIDGE INC	$446,000	–	11,190	–	0.08%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$356,000	–	2,799	–	0.07%	–

Q4 2016

			Value		Shares		↓ Weighting
LLL	Exit	L-3 COMMUNICATIONS HLDGS INC	$0	–	-2,170	–	-0.15%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-4,600	–	-0.16%	–
IR	Exit	INGERSOLL-RAND PLC	$0	–	-5,490	–	-0.17%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-2,011	–	-0.18%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-3,440	–	-0.20%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-6,680	–	-0.22%	–
BKLN	Exit	POWERSHARES ETF TRUST IIsenior ln port	$0	–	-22,098	–	-0.23%	–
VBK	Exit	VANGUARD INDEX FDSsml cp grw etf	$0	–	-3,964	–	-0.24%	–
VYM	Exit	VANGUARD WHITEHALL FDS INChigh div yld	$0	–	-7,793	–	-0.26%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-7,630	–	-0.26%	–
HUM	Exit	HUMANA INC	$0	–	-3,330	–	-0.27%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-6,555	–	-0.30%	–
PEP	Exit	PEPSICO INC	$0	–	-7,577	–	-0.38%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-5,445	–	-0.38%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-12,470	–	-0.41%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-22,335	–	-0.45%	–
WAB	Exit	WABTEC CORP	$0	–	-13,160	–	-0.49%	–
EXC	Exit	EXELON CORP	$0	–	-33,680	–	-0.51%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-21,955	–	-0.53%	–
AGN	Exit	ALLERGAN PLC	$0	–	-6,678	–	-0.70%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-20,847	–	-0.70%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-40,125	–	-0.74%	–
ABT	Exit	ABBOTT LABS	$0	–	-39,745	–	-0.76%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-32,355	–	-0.80%	–
PSX	Exit	PHILLIPS 66	$0	–	-22,545	–	-0.83%	–
MMM	Exit	3M CO	$0	–	-10,695	–	-0.86%	–
ABBV	Exit	ABBVIE INC	$0	–	-30,936	–	-0.89%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-24,415	–	-0.89%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-23,075	–	-0.92%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-22,652	–	-0.92%	–
LLY	Exit	LILLY ELI & CO	$0	–	-25,555	–	-0.93%	–
MON	Exit	MONSANTO CO NEW	$0	–	-20,135	–	-0.94%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-23,096	–	-0.94%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-38,569	–	-0.95%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-18,035	–	-1.00%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-22,385	–	-1.04%	–
PFE	Exit	PFIZER INC	$0	–	-69,297	–	-1.07%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-13,120	–	-1.07%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-19,176	–	-1.10%	–
KO	Exit	COCA COLA CO	$0	–	-57,450	–	-1.11%	–
DOW	Exit	DOW CHEM CO	$0	–	-47,839	–	-1.13%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-16,255	–	-1.15%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-48,680	–	-1.18%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-60,493	–	-1.21%	–
DIS	Exit	DISNEY WALT CO	$0	–	-28,918	–	-1.22%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-22,880	–	-1.25%	–
RTN	Exit	RAYTHEON CO	$0	–	-20,845	–	-1.29%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-55,020	–	-1.30%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-46,895	–	-1.37%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-42,545	–	-1.38%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-48,763	–	-1.39%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-21,876	–	-1.40%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-69,195	–	-1.40%	–
MCK	Exit	MCKESSON CORP	$0	–	-18,615	–	-1.41%	–
T	Exit	AT&T INC	$0	–	-76,920	–	-1.42%	–
AFG	Exit	AMERICAN FINL GROUP INC OHIO	$0	–	-42,255	–	-1.44%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-36,621	–	-1.48%	–
GIS	Exit	GENERAL MLS INC	$0	–	-53,385	–	-1.55%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-27,518	–	-1.60%	–
FDX	Exit	FEDEX CORP	$0	–	-20,247	–	-1.61%	–
INTC	Exit	INTEL CORP	$0	–	-94,636	–	-1.63%	–
BLK	Exit	BLACKROCK INC	$0	–	-9,907	–	-1.64%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-53,893	–	-1.64%	–
CSCO	Exit	CISCO SYS INC	$0	–	-114,990	–	-1.66%	–
MTB	Exit	M & T BK CORP	$0	–	-31,733	–	-1.68%	–
ORCL	Exit	ORACLE CORP	$0	–	-94,755	–	-1.70%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-32,110	–	-1.70%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-41,600	–	-1.71%	–
SIGI	Exit	SELECTIVE INS GROUP INC	$0	–	-95,390	–	-1.73%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-38,255	–	-1.75%	–
MCD	Exit	MCDONALDS CORP	$0	–	-33,505	–	-1.76%	–
AAPL	Exit	APPLE INC	$0	–	-34,419	–	-1.77%	–
AFL	Exit	AFLAC INC	$0	–	-55,010	–	-1.80%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-24,952	–	-1.81%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-77,561	–	-2.03%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-50,057	–	-2.04%	–
USB	Exit	US BANCORP DEL	$0	–	-105,730	–	-2.06%	–
FISV	Exit	FISERV INC	$0	–	-46,230	–	-2.09%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-40,105	–	-2.23%	–
	Exit	SYMANTEC CORP	$0	–	-198,134	–	-2.26%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-110,220	–	-2.38%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-55,628	–	-2.61%	–
IGBH	Exit	ISHARES U S ETF TRint rt hdg c b	$0	–	-282,971	–	-3.08%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-108,090	–	-3.11%	–

Q3 2016

			Value		Shares		↓ Weighting
MO	Sell	ALTRIA GROUP INC	$6,835,000	-9.1%	108,090	-0.9%	3.11%	-6.3%
IGBH	Sell	ISHARES U S ETF TRint rt hdg c b	$6,766,000	-2.0%	282,971	-2.9%	3.08%	+1.0%
CVX	Sell	CHEVRON CORP NEW	$5,725,000	-3.7%	55,628	-1.9%	2.61%	-0.7%
BFB	Buy	BROWN FORMAN CORPcl b	$5,229,000	-6.6%	110,220	+96.4%	2.38%	-3.7%
	Sell	SYMANTEC CORP	$4,973,000	+19.0%	198,134	-2.6%	2.26%	+22.6%
ACN	Sell	ACCENTURE PLC IRELAND	$4,900,000	+6.4%	40,105	-1.3%	2.23%	+9.7%
FISV	Sell	FISERV INC	$4,598,000	-11.4%	46,230	-3.1%	2.09%	-8.6%
USB	Sell	US BANCORP DEL	$4,535,000	+4.7%	105,730	-1.5%	2.06%	+8.0%
VCIT	Sell	VANGUARD SCOTTSDALE FDSint-term corp	$4,484,000	-0.7%	50,057	-0.9%	2.04%	+2.4%
MSFT	Sell	MICROSOFT CORP	$4,468,000	+8.8%	77,561	-3.3%	2.03%	+12.2%
PANW	Sell	PALO ALTO NETWORKS INC	$3,976,000	+23.6%	24,952	-4.9%	1.81%	+27.4%
AFL	Sell	AFLAC INC	$3,954,000	-3.2%	55,010	-2.8%	1.80%	-0.2%
AAPL	Sell	APPLE INC	$3,891,000	+13.8%	34,419	-3.7%	1.77%	+17.4%
MCD	Buy	MCDONALDS CORP	$3,865,000	-1.7%	33,505	+2.6%	1.76%	+1.4%
GPC	Sell	GENUINE PARTS CO	$3,843,000	-3.6%	38,255	-2.8%	1.75%	-0.6%
SIGI	Sell	SELECTIVE INS GROUP INC	$3,802,000	+0.1%	95,390	-4.1%	1.73%	+3.2%
PNC	Sell	PNC FINL SVCS GROUP INC	$3,748,000	+7.3%	41,600	-3.0%	1.71%	+10.7%
HON	Sell	HONEYWELL INTL INC	$3,744,000	-1.3%	32,110	-1.5%	1.70%	+1.8%
ORCL	Sell	ORACLE CORP	$3,722,000	-7.1%	94,755	-3.2%	1.70%	-4.2%
MTB	Sell	M & T BK CORP	$3,684,000	-5.0%	31,733	-3.3%	1.68%	-2.1%
CSCO	Sell	CISCO SYS INC	$3,647,000	+6.6%	114,990	-3.6%	1.66%	+9.9%
DD	Sell	DU PONT E I DE NEMOURS & CO	$3,609,000	+1.1%	53,893	-2.1%	1.64%	+4.3%
BLK	Sell	BLACKROCK INC	$3,591,000	+4.4%	9,907	-1.3%	1.64%	+7.6%
INTC	Sell	INTEL CORP	$3,573,000	+13.5%	94,636	-1.4%	1.63%	+17.0%
FDX	Sell	FEDEX CORP	$3,537,000	+12.7%	20,247	-2.1%	1.61%	+16.2%
JNJ	Sell	JOHNSON & JOHNSON	$3,521,000	+2.6%	27,518	-2.7%	1.60%	+5.8%
GIS	Sell	GENERAL MLS INC	$3,410,000	-13.3%	53,385	-3.2%	1.55%	-10.5%
CVS	Sell	CVS CAREMARK CORPORATION	$3,259,000	-10.2%	36,621	-3.4%	1.48%	-7.4%
AFG	Sell	AMERICAN FINL GROUP INC OHIO	$3,169,000	0.0%	42,255	-1.4%	1.44%	+3.1%
T	Sell	AT&T INC	$3,124,000	-8.3%	76,920	-2.4%	1.42%	-5.5%
MCK	Sell	MCKESSON CORP	$3,104,000	-12.2%	18,615	-1.7%	1.41%	-9.5%
TD	Sell	TORONTO DOMINION BK ONT	$3,072,000	+0.5%	69,195	-2.8%	1.40%	+3.6%
UNH	Sell	UNITEDHEALTH GROUP INC	$3,063,000	-4.1%	21,876	-3.3%	1.40%	-1.1%
MRK	Sell	MERCK & CO INC NEW	$3,043,000	+5.2%	48,763	-2.9%	1.39%	+8.5%
CRM	Sell	SALESFORCE COM INC	$3,035,000	-13.0%	42,545	-3.2%	1.38%	-10.3%
AEP	Buy	AMERICAN ELEC PWR INC	$3,011,000	-8.1%	46,895	+0.3%	1.37%	-5.3%
VZ	Sell	VERIZON COMMUNICATIONS INC	$2,860,000	-8.2%	55,020	-1.4%	1.30%	-5.3%
RTN	Sell	RAYTHEON CO	$2,838,000	-3.5%	20,845	-3.6%	1.29%	-0.5%
ITW	Sell	ILLINOIS TOOL WKS INC	$2,742,000	+10.7%	22,880	-3.8%	1.25%	+14.1%
DIS	Sell	DISNEY WALT CO	$2,685,000	-7.7%	28,918	-2.8%	1.22%	-4.8%
MDLZ	Sell	MONDELEZ INTL INCcl a	$2,656,000	-4.9%	60,493	-1.4%	1.21%	-1.9%
VLO	Sell	VALERO ENERGY CORP NEW	$2,580,000	+1.8%	48,680	-2.0%	1.18%	+5.0%
GD	New	GENERAL DYNAMICS CORP	$2,522,000	–	16,255	–	1.15%	–
DOW	Sell	DOW CHEM CO	$2,479,000	+0.4%	47,839	-3.6%	1.13%	+3.6%
KO	Sell	COCA COLA CO	$2,431,000	-9.7%	57,450	-3.2%	1.11%	-6.8%
BDX	Sell	BECTON DICKINSON & CO	$2,358,000	+5.2%	13,120	-0.7%	1.07%	+8.5%
PFE	Sell	PFIZER INC	$2,347,000	-7.7%	69,297	-4.0%	1.07%	-4.8%
UTX	Sell	UNITED TECHNOLOGIES CORP	$2,274,000	-2.0%	22,385	-1.1%	1.04%	+1.0%
NEE	Sell	NEXTERA ENERGY INC	$2,206,000	-7.2%	18,035	-1.1%	1.00%	-4.4%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$2,080,000	-23.5%	38,569	+4.3%	0.95%	-21.1%
PG	Sell	PROCTER & GAMBLE CO	$2,073,000	+1.8%	23,096	-3.9%	0.94%	+5.0%
MON	Sell	MONSANTO CO NEW	$2,058,000	-3.5%	20,135	-2.3%	0.94%	-0.5%
LLY	Buy	LILLY ELI & CO	$2,051,000	+134.4%	25,555	+130.1%	0.93%	+142.0%
KHC	Sell	KRAFT HEINZ CO	$2,028,000	-1.0%	22,652	-2.2%	0.92%	+2.0%
XOM	Sell	EXXON MOBIL CORP	$2,014,000	-8.2%	23,075	-1.4%	0.92%	-5.4%
ABBV	Sell	ABBVIE INC	$1,951,000	+0.9%	30,936	-1.0%	0.89%	+4.0%
MMM	Sell	3M CO	$1,885,000	-3.8%	10,695	-4.5%	0.86%	-0.9%
PSX	Sell	PHILLIPS 66	$1,816,000	-0.9%	22,545	-2.4%	0.83%	+2.1%
EMR	Sell	EMERSON ELEC CO	$1,764,000	+0.9%	32,355	-3.5%	0.80%	+4.0%
ABT	Sell	ABBOTT LABS	$1,681,000	+5.6%	39,745	-1.9%	0.76%	+8.8%
MPC	Sell	MARATHON PETE CORP	$1,629,000	+5.8%	40,125	-1.0%	0.74%	+9.1%
D	Sell	DOMINION RES INC VA NEW	$1,548,000	-9.2%	20,847	-4.7%	0.70%	-6.4%
AGN	Sell	ALLERGAN PLC	$1,538,000	-3.5%	6,678	-3.2%	0.70%	-0.6%
HOG	Sell	HARLEY DAVIDSON INC	$1,155,000	+8.6%	21,955	-6.5%	0.53%	+11.9%
EXC	Sell	EXELON CORP	$1,121,000	-15.1%	33,680	-7.3%	0.51%	-12.5%
WAB	Sell	WABTEC CORP	$1,075,000	+5.5%	13,160	-9.3%	0.49%	+8.7%
ATVI	Sell	ACTIVISION BLIZZARD INC	$989,000	-0.5%	22,335	-10.9%	0.45%	+2.5%
WMT	Sell	WAL-MART STORES INC	$899,000	-9.8%	12,470	-8.7%	0.41%	-7.0%
COST	Sell	COSTCO WHSL CORP NEW	$830,000	-10.2%	5,445	-7.5%	0.38%	-7.4%
PEP	Sell	PEPSICO INC	$824,000	-8.2%	7,577	-10.6%	0.38%	-5.5%
VAR	Sell	VARIAN MED SYS INC	$652,000	+15.0%	6,555	-5.0%	0.30%	+18.8%
HUM	Buy	HUMANA INC	$589,000	+1.7%	3,330	+3.5%	0.27%	+4.7%
VYM	Buy	VANGUARD WHITEHALL FDS INChigh div yld	$562,000	+6.4%	7,793	+5.5%	0.26%	+9.9%
VBK	Sell	VANGUARD INDEX FDSsml cp grw etf	$522,000	-5.3%	3,964	-10.8%	0.24%	-2.1%
BKLN	Buy	POWERSHARES ETF TRUST IIsenior ln port	$513,000	+1.2%	22,098	+0.1%	0.23%	+4.5%
MMP	Sell	MAGELLAN MIDSTREAM PRTNRS LP	$473,000	-14.3%	6,680	-8.1%	0.22%	-11.9%
PH	Sell	PARKER HANNIFIN CORP	$432,000	+12.8%	3,440	-2.8%	0.20%	+16.6%
IR	Sell	INGERSOLL-RAND PLC	$373,000	+2.2%	5,490	-4.3%	0.17%	+5.6%
ED	Sell	CONSOLIDATED EDISON INC	$346,000	-17.2%	4,600	-11.6%	0.16%	-14.6%
IVE	Exit	ISHARES TRs&p 500 value	$0	–	-4,652	–	-0.19%	–
ITT	Exit	ITT CORP NEW	$0	–	-36,297	–	-0.51%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-30,270	–	-1.12%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-65,893	–	-1.38%	–

Q2 2016

			Value		Shares		↓ Weighting
MO	New	ALTRIA GROUP INC	$7,523,000	–	109,085	–	3.32%	–
IGBH	New	ISHARES U S ETF TRint rt hdg c b	$6,903,000	–	291,521	–	3.05%	–
CVX	New	CHEVRON CORP NEW	$5,945,000	–	56,713	–	2.63%	–
BFB	New	BROWN FORMAN CORPcl b	$5,598,000	–	56,120	–	2.47%	–
FISV	New	FISERV INC	$5,188,000	–	47,715	–	2.29%	–
ACN	New	ACCENTURE PLC IRELAND	$4,605,000	–	40,645	–	2.03%	–
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$4,514,000	–	50,492	–	1.99%	–
USB	New	US BANCORP DEL	$4,330,000	–	107,375	–	1.91%	–
	New	SYMANTEC CORP	$4,180,000	–	203,484	–	1.85%	–
MSFT	New	MICROSOFT CORP	$4,105,000	–	80,231	–	1.81%	–
AFL	New	AFLAC INC	$4,084,000	–	56,590	–	1.80%	–
ORCL	New	ORACLE CORP	$4,007,000	–	97,895	–	1.77%	–
GPC	New	GENUINE PARTS CO	$3,985,000	–	39,355	–	1.76%	–
MCD	New	MCDONALDS CORP	$3,930,000	–	32,660	–	1.74%	–
GIS	New	GENERAL MLS INC	$3,932,000	–	55,130	–	1.74%	–
MTB	New	M & T BK CORP	$3,878,000	–	32,803	–	1.71%	–
SIGI	New	SELECTIVE INS GROUP INC	$3,800,000	–	99,455	–	1.68%	–
HON	New	HONEYWELL INTL INC	$3,793,000	–	32,610	–	1.68%	–
CVS	New	CVS CAREMARK CORPORATION	$3,628,000	–	37,896	–	1.60%	–
DD	New	DU PONT E I DE NEMOURS & CO	$3,568,000	–	55,058	–	1.58%	–
MCK	New	MCKESSON CORP	$3,534,000	–	18,935	–	1.56%	–
PNC	New	PNC FINL SVCS GROUP INC	$3,492,000	–	42,905	–	1.54%	–
CRM	New	SALESFORCE COM INC	$3,488,000	–	43,930	–	1.54%	–
BLK	New	BLACKROCK INC	$3,439,000	–	10,039	–	1.52%	–
JNJ	New	JOHNSON & JOHNSON	$3,431,000	–	28,283	–	1.52%	–
CSCO	New	CISCO SYS INC	$3,421,000	–	119,230	–	1.51%	–
AAPL	New	APPLE INC	$3,418,000	–	35,757	–	1.51%	–
T	New	AT&T INC	$3,406,000	–	78,815	–	1.50%	–
AEP	New	AMERICAN ELEC PWR INC	$3,277,000	–	46,750	–	1.45%	–
PANW	New	PALO ALTO NETWORKS INC	$3,217,000	–	26,232	–	1.42%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,193,000	–	22,616	–	1.41%	–
AFG	New	AMERICAN FINL GROUP INC OHIO	$3,169,000	–	42,865	–	1.40%	–
INTC	New	INTEL CORP	$3,149,000	–	96,011	–	1.39%	–
FDX	New	FEDEX CORP	$3,138,000	–	20,672	–	1.39%	–
WFC	New	WELLS FARGO & CO NEW	$3,119,000	–	65,893	–	1.38%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,114,000	–	55,775	–	1.38%	–
TD	New	TORONTO DOMINION BK ONT	$3,056,000	–	71,185	–	1.35%	–
RTN	New	RAYTHEON CO	$2,940,000	–	21,622	–	1.30%	–
DIS	New	DISNEY WALT CO	$2,909,000	–	29,738	–	1.28%	–
MRK	New	MERCK & CO INC NEW	$2,893,000	–	50,211	–	1.28%	–
MDLZ	New	MONDELEZ INTL INCcl a	$2,792,000	–	61,343	–	1.23%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$2,720,000	–	36,984	–	1.20%	–
KO	New	COCA COLA CO	$2,691,000	–	59,355	–	1.19%	–
KMB	New	KIMBERLY CLARK CORP	$2,636,000	–	19,176	–	1.16%	–
PFE	New	PFIZER INC	$2,543,000	–	72,217	–	1.12%	–
VLO	New	VALERO ENERGY CORP NEW	$2,534,000	–	49,685	–	1.12%	–
GILD	New	GILEAD SCIENCES INC	$2,525,000	–	30,270	–	1.12%	–
ITW	New	ILLINOIS TOOL WKS INC	$2,478,000	–	23,793	–	1.09%	–
DOW	New	DOW CHEM CO	$2,468,000	–	49,644	–	1.09%	–
NEE	New	NEXTERA ENERGY INC	$2,377,000	–	18,230	–	1.05%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,320,000	–	22,625	–	1.02%	–
BDX	New	BECTON DICKINSON & CO	$2,241,000	–	13,215	–	0.99%	–
XOM	New	EXXON MOBIL CORP	$2,194,000	–	23,410	–	0.97%	–
MON	New	MONSANTO CO NEW	$2,132,000	–	20,615	–	0.94%	–
DUK	New	DUKE ENERGY CORP NEW	$2,095,000	–	24,415	–	0.92%	–
KHC	New	KRAFT HEINZ CO	$2,049,000	–	23,160	–	0.90%	–
PG	New	PROCTER & GAMBLE CO	$2,036,000	–	24,041	–	0.90%	–
MMM	New	3M CO	$1,960,000	–	11,195	–	0.87%	–
ABBV	New	ABBVIE INC	$1,934,000	–	31,236	–	0.85%	–
PSX	New	PHILLIPS 66	$1,833,000	–	23,105	–	0.81%	–
EMR	New	EMERSON ELEC CO	$1,748,000	–	33,515	–	0.77%	–
D	New	DOMINION RES INC VA NEW	$1,704,000	–	21,872	–	0.75%	–
AGN	New	ALLERGAN PLC	$1,594,000	–	6,898	–	0.70%	–
ABT	New	ABBOTT LABS	$1,592,000	–	40,505	–	0.70%	–
MPC	New	MARATHON PETE CORP	$1,539,000	–	40,535	–	0.68%	–
EXC	New	EXELON CORP	$1,321,000	–	36,320	–	0.58%	–
ITT	New	ITT CORP NEW	$1,161,000	–	36,297	–	0.51%	–
HOG	New	HARLEY DAVIDSON INC	$1,064,000	–	23,485	–	0.47%	–
WAB	New	WABTEC CORP	$1,019,000	–	14,510	–	0.45%	–
WMT	New	WAL-MART STORES INC	$997,000	–	13,655	–	0.44%	–
ATVI	New	ACTIVISION BLIZZARD INC	$994,000	–	25,074	–	0.44%	–
COST	New	COSTCO WHSL CORP NEW	$924,000	–	5,885	–	0.41%	–
PEP	New	PEPSICO INC	$898,000	–	8,477	–	0.40%	–
LLY	New	LILLY ELI & CO	$875,000	–	11,105	–	0.39%	–
HUM	New	HUMANA INC	$579,000	–	3,218	–	0.26%	–
VAR	New	VARIAN MED SYS INC	$567,000	–	6,900	–	0.25%	–
CL	New	COLGATE PALMOLIVE CO	$559,000	–	7,630	–	0.25%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$552,000	–	7,265	–	0.24%	–
VBK	New	VANGUARD INDEX FDSsml cp grw etf	$551,000	–	4,445	–	0.24%	–
VYM	New	VANGUARD WHITEHALL FDS INChigh div yld	$528,000	–	7,388	–	0.23%	–
BKLN	New	POWERSHARES ETF TRUST IIsenior ln port	$507,000	–	22,069	–	0.22%	–
IVE	New	ISHARES TRs&p 500 value	$432,000	–	4,652	–	0.19%	–
ED	New	CONSOLIDATED EDISON INC	$418,000	–	5,202	–	0.18%	–
VOO	New	VANGUARD INDEX FDS	$387,000	–	2,011	–	0.17%	–
PH	New	PARKER HANNIFIN CORP	$383,000	–	3,540	–	0.17%	–
IR	New	INGERSOLL-RAND PLC	$365,000	–	5,735	–	0.16%	–
LLL	New	L-3 COMMUNICATIONS HLDGS INC	$318,000	–	2,170	–	0.14%	–

Q4 2015

			Value		Shares		↓ Weighting
LLL	Exit	L-3 COMMUNICATIONS HLDGS INC	$0	–	-2,405	–	-0.13%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-2,011	–	-0.19%	–
IR	Exit	INGERSOLL-RAND PLC	$0	–	-7,445	–	-0.20%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-3,990	–	-0.21%	–
IVE	Exit	ISHARES TRs&p 500 value	$0	–	-5,007	–	-0.22%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-6,755	–	-0.23%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-6,532	–	-0.23%	–
VYM	Exit	VANGUARD WHITEHALL FDS INChigh div yld	$0	–	-7,420	–	-0.25%	–
BKLN	Exit	POWERSHARES ETF TRUST IIsenior ln port	$0	–	-20,304	–	-0.25%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-5,938	–	-0.26%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-8,590	–	-0.27%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-7,540	–	-0.30%	–
VBK	Exit	VANGUARD INDEX FDSsml cp grw etf	$0	–	-5,753	–	-0.36%	–
HUM	Exit	HUMANA INC	$0	–	-4,088	–	-0.39%	–
ORCL	Exit	ORACLE CORP	$0	–	-21,675	–	-0.42%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-5,555	–	-0.43%	–
PEP	Exit	PEPSICO INC	$0	–	-9,243	–	-0.46%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-11,047	–	-0.46%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-32,665	–	-0.54%	–
LLY	Exit	LILLY ELI & CO	$0	–	-12,490	–	-0.55%	–
ETP	Exit	ENERGY TRANSFER PRTNRS L Punit ltd partn	$0	–	-29,050	–	-0.63%	–
FISV	Exit	FISERV INC	$0	–	-14,510	–	-0.67%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-13,270	–	-0.69%	–
ITT	Exit	ITT CORP NEW	$0	–	-40,707	–	-0.72%	–
MWE	Exit	MARKWEST ENERGY PARTNERS L Punit ltd partn	$0	–	-33,010	–	-0.75%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-34,695	–	-0.81%	–
RTN	Exit	RAYTHEON CO	$0	–	-14,475	–	-0.84%	–
AGN	Exit	ALLERGAN PLC	$0	–	-5,912	–	-0.85%	–
ABT	Exit	ABBOTT LABS	$0	–	-40,495	–	-0.86%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-24,092	–	-0.90%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-23,693	–	-0.90%	–
MMM	Exit	3M CO	$0	–	-12,020	–	-0.90%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-24,490	–	-0.92%	–
ABBV	Exit	ABBVIE INC	$0	–	-31,986	–	-0.92%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-24,515	–	-0.94%	–
MON	Exit	MONSANTO CO NEW	$0	–	-21,120	–	-0.96%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-19,015	–	-0.98%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-14,180	–	-1.00%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-27,110	–	-1.07%	–
M	Exit	MACYS INC	$0	–	-39,515	–	-1.08%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-23,210	–	-1.10%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-32,815	–	-1.13%	–
DOW	Exit	DOW CHEM CO	$0	–	-50,515	–	-1.14%	–
KO	Exit	COCA COLA CO	$0	–	-54,455	–	-1.16%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-20,151	–	-1.16%	–
PFE	Exit	PFIZER INC	$0	–	-70,982	–	-1.18%	–
BLK	Exit	BLACKROCK INC	$0	–	-7,575	–	-1.19%	–
WAB	Exit	WABTEC CORP	$0	–	-25,735	–	-1.20%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-38,769	–	-1.22%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-56,255	–	-1.30%	–
CMI	Exit	CUMMINS INC	$0	–	-23,272	–	-1.34%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-51,797	–	-1.36%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-27,898	–	-1.38%	–
T	Exit	AT&T INC	$0	–	-81,650	–	-1.41%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-47,555	–	-1.43%	–
GPS	Exit	GAP INC DEL	$0	–	-95,965	–	-1.45%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-65,487	–	-1.45%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-56,952	–	-1.46%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-23,971	–	-1.47%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-72,910	–	-1.52%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-49,770	–	-1.58%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-31,710	–	-1.59%	–
AFG	Exit	AMERICAN FINL GROUP INC OHIO	$0	–	-43,690	–	-1.60%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-54,970	–	-1.60%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-30,780	–	-1.60%	–
GIS	Exit	GENERAL MLS INC	$0	–	-54,010	–	-1.61%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-43,730	–	-1.61%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-59,378	–	-1.62%	–
DIS	Exit	DISNEY WALT CO	$0	–	-29,846	–	-1.62%	–
INTC	Exit	INTEL CORP	$0	–	-102,101	–	-1.63%	–
EXC	Exit	EXELON CORP	$0	–	-106,525	–	-1.68%	–
CSCO	Exit	CISCO SYS INC	$0	–	-121,535	–	-1.69%	–
SIGI	Exit	SELECTIVE INS GROUP INC	$0	–	-102,870	–	-1.69%	–
MCD	Exit	MCDONALDS CORP	$0	–	-32,965	–	-1.72%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-40,065	–	-1.76%	–
AFL	Exit	AFLAC INC	$0	–	-58,630	–	-1.81%	–
MCK	Exit	MCKESSON CORP	$0	–	-18,985	–	-1.86%	–
VCIT	Exit	VANGUARD SCOTTSDALE FDSint-term corp	$0	–	-41,875	–	-1.90%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-84,451	–	-1.98%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-39,501	–	-2.02%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-43,165	–	-2.04%	–
AAPL	Exit	APPLE INC	$0	–	-36,080	–	-2.11%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-27,812	–	-2.54%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-55,720	–	-2.86%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-108,175	–	-3.12%	–
IGBH	Exit	ISHARES U S ETF TRint rt hdg c b	$0	–	-269,635	–	-3.40%	–

Q3 2015

			Value		Shares		↓ Weighting
IGBH	New	ISHARES U S ETF TRint rt hdg c b	$6,420,000	–	269,635	–	3.40%	–
MO	Sell	ALTRIA GROUP INC	$5,885,000	+9.3%	108,175	-1.8%	3.12%	-7.3%
BFB	Buy	BROWN FORMAN CORPcl b	$5,399,000	-2.5%	55,720	+0.8%	2.86%	-17.3%
PANW	Sell	PALO ALTO NETWORKS INC	$4,784,000	-8.7%	27,812	-7.3%	2.54%	-22.5%
AAPL	Sell	APPLE INC	$3,980,000	-13.0%	36,080	-1.0%	2.11%	-26.1%
PNC	Buy	PNC FINL SVCS GROUP INC	$3,850,000	-5.5%	43,165	+1.4%	2.04%	-19.8%
CVS	Buy	CVS CAREMARK CORPORATION	$3,811,000	+248.4%	39,501	+278.7%	2.02%	+195.3%
MSFT	Buy	MICROSOFT CORP	$3,738,000	+52.5%	84,451	+52.1%	1.98%	+29.4%
VCIT	New	VANGUARD SCOTTSDALE FDSint-term corp	$3,577,000	–	41,875	–	1.90%	–
MCK	Sell	MCKESSON CORP	$3,513,000	-20.6%	18,985	-3.5%	1.86%	-32.6%
AFL	Buy	AFLAC INC	$3,408,000	+56.9%	58,630	+67.9%	1.81%	+33.1%
GPC	Buy	GENUINE PARTS CO	$3,321,000	+55.7%	40,065	+68.2%	1.76%	+32.0%
MCD	Buy	MCDONALDS CORP	$3,248,000	+209.6%	32,965	+198.9%	1.72%	+162.9%
SIGI	Buy	SELECTIVE INS GROUP INC	$3,195,000	+13.1%	102,870	+2.1%	1.69%	-4.0%
CSCO	Buy	CISCO SYS INC	$3,190,000	+64.2%	121,535	+71.8%	1.69%	+39.3%
EXC	New	EXELON CORP	$3,164,000	–	106,525	–	1.68%	–
INTC	Buy	INTEL CORP	$3,077,000	+1.2%	102,101	+2.1%	1.63%	-14.2%
DIS	New	DISNEY WALT CO	$3,050,000	–	29,846	–	1.62%	–
WFC	Buy	WELLS FARGO & CO NEW	$3,049,000	-6.1%	59,378	+2.9%	1.62%	-20.3%
CRM	New	SALESFORCE COM INC	$3,036,000	–	43,730	–	1.61%	–
GIS	Sell	GENERAL MLS INC	$3,032,000	+0.5%	54,010	-0.3%	1.61%	-14.8%
GILD	New	GILEAD SCIENCES INC	$3,022,000	–	30,780	–	1.60%	–
HOG	New	HARLEY DAVIDSON INC	$3,018,000	–	54,970	–	1.60%	–
AFG	Buy	AMERICAN FINL GROUP INC OHIO	$3,011,000	+8.3%	43,690	+2.2%	1.60%	-8.1%
HON	Sell	HONEYWELL INTL INC	$3,003,000	-8.3%	31,710	-1.2%	1.59%	-22.2%
VLO	New	VALERO ENERGY CORP NEW	$2,991,000	–	49,770	–	1.58%	–
TD	Buy	TORONTO DOMINION BK ONT	$2,874,000	-7.0%	72,910	+0.3%	1.52%	-21.1%
UNH	Buy	UNITEDHEALTH GROUP INC	$2,781,000	-4.1%	23,971	+0.8%	1.47%	-18.7%
DD	Buy	DU PONT E I DE NEMOURS & CO	$2,745,000	-24.2%	56,952	+0.6%	1.46%	-35.7%
MDLZ	Sell	MONDELEZ INTL INCcl a	$2,742,000	+1.3%	65,487	-0.5%	1.45%	-14.1%
GPS	New	GAP INC DEL	$2,735,000	–	95,965	–	1.45%	–
AEP	Sell	AMERICAN ELEC PWR INC	$2,704,000	+7.3%	47,555	-0.0%	1.43%	-9.0%
T	Buy	AT&T INC	$2,660,000	+67.0%	81,650	+82.0%	1.41%	+41.7%
JNJ	Sell	JOHNSON & JOHNSON	$2,604,000	-4.7%	27,898	-0.5%	1.38%	-19.2%
MRK	Buy	MERCK & CO INC NEW	$2,558,000	-11.7%	51,797	+1.8%	1.36%	-25.1%
CMI	Buy	CUMMINS INC	$2,527,000	+20.6%	23,272	+45.7%	1.34%	+2.3%
VZ	Buy	VERIZON COMMUNICATIONS INC	$2,448,000	-4.5%	56,255	+2.3%	1.30%	-19.0%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$2,295,000	-12.1%	38,769	-1.1%	1.22%	-25.4%
WAB	Sell	WABTEC CORP	$2,266,000	-17.1%	25,735	-11.2%	1.20%	-29.7%
BLK	Buy	BLACKROCK INC	$2,253,000	-13.7%	7,575	+0.3%	1.19%	-26.8%
PFE	Sell	PFIZER INC	$2,230,000	-6.4%	70,982	-0.1%	1.18%	-20.6%
KMB	Sell	KIMBERLY CLARK CORP	$2,197,000	+2.1%	20,151	-0.8%	1.16%	-13.4%
KO	Buy	COCA COLA CO	$2,185,000	+2.8%	54,455	+0.5%	1.16%	-12.8%
DOW	Buy	DOW CHEM CO	$2,142,000	+13.9%	50,515	+37.4%	1.14%	-3.4%
WMT	Buy	WAL-MART STORES INC	$2,128,000	-8.4%	32,815	+0.1%	1.13%	-22.3%
UTX	Buy	UNITED TECHNOLOGIES CORP	$2,065,000	-12.8%	23,210	+8.7%	1.10%	-26.0%
M	Buy	MACYS INC	$2,028,000	-23.0%	39,515	+1.2%	1.08%	-34.7%
XOM	Sell	EXXON MOBIL CORP	$2,016,000	-11.7%	27,110	-1.3%	1.07%	-25.1%
BDX	Buy	BECTON DICKINSON & CO	$1,881,000	-5.9%	14,180	+0.5%	1.00%	-20.1%
NEE	Sell	NEXTERA ENERGY INC	$1,855,000	-1.4%	19,015	-1.0%	0.98%	-16.4%
MON	Buy	MONSANTO CO NEW	$1,802,000	+123.9%	21,120	+179.7%	0.96%	+89.9%
ABBV	Sell	ABBVIE INC	$1,740,000	-19.2%	31,986	-0.2%	0.92%	-31.4%
KRFT	Sell	KRAFT FOODS GROUP INC	$1,729,000	-17.2%	24,490	-0.1%	0.92%	-29.8%
PG	Sell	PROCTER & GAMBLE CO	$1,704,000	-8.7%	23,693	-0.6%	0.90%	-22.6%
MMM	Buy	3M CO	$1,704,000	+140.0%	12,020	+161.3%	0.90%	+103.4%
D	Sell	DOMINION RES INC VA NEW	$1,695,000	+2.1%	24,092	-2.9%	0.90%	-13.4%
ABT	Buy	ABBOTT LABS	$1,629,000	-17.1%	40,495	+1.1%	0.86%	-29.7%
AGN	Buy	ALLERGAN PLC	$1,607,000	-10.0%	5,912	+0.5%	0.85%	-23.7%
RTN	Sell	RAYTHEON CO	$1,582,000	+12.4%	14,475	-1.6%	0.84%	-4.6%
EMR	Buy	EMERSON ELEC CO	$1,532,000	-15.9%	34,695	+5.6%	0.81%	-28.6%
MWE	Sell	MARKWEST ENERGY PARTNERS L Punit ltd partn	$1,416,000	-24.0%	33,010	-0.0%	0.75%	-35.4%
ITT	Sell	ITT CORP NEW	$1,361,000	-25.7%	40,707	-7.0%	0.72%	-37.0%
ACN	Sell	ACCENTURE PLC IRELAND	$1,304,000	+0.7%	13,270	-0.8%	0.69%	-14.6%
FISV	Sell	FISERV INC	$1,257,000	-1.3%	14,510	-5.6%	0.67%	-16.2%
ETP	Buy	ENERGY TRANSFER PRTNRS L Punit ltd partn	$1,193,000	-21.2%	29,050	+0.2%	0.63%	-33.2%
LLY	Sell	LILLY ELI & CO	$1,045,000	-0.4%	12,490	-0.6%	0.55%	-15.4%
ATVI	Buy	ACTIVISION BLIZZARD INC	$1,009,000	+30.4%	32,665	+2.2%	0.54%	+10.5%
WDC	Buy	WESTERN DIGITAL CORP	$878,000	+2.6%	11,047	+1.2%	0.46%	-13.1%
PEP	Sell	PEPSICO INC	$872,000	+0.9%	9,243	-0.2%	0.46%	-14.4%
COST	Sell	COSTCO WHSL CORP NEW	$803,000	+6.8%	5,555	-0.3%	0.43%	-9.4%
ORCL	Buy	ORACLE CORP	$783,000	-8.6%	21,675	+1.9%	0.42%	-22.4%
HUM	Sell	HUMANA INC	$732,000	-7.9%	4,088	-1.7%	0.39%	-21.9%
VBK	Buy	VANGUARD INDEX FDSsml cp grw etf	$678,000	+8.1%	5,753	+23.2%	0.36%	-8.4%
VAR	Buy	VARIAN MED SYS INC	$556,000	-9.6%	7,540	+3.4%	0.30%	-23.2%
ITW	Sell	ILLINOIS TOOL WKS INC	$489,000	-11.4%	5,938	-1.2%	0.26%	-24.9%
BKLN	Buy	POWERSHARES ETF TRUST IIsenior ln port	$468,000	+100.9%	20,304	+107.1%	0.25%	+69.9%
VYM	Buy	VANGUARD WHITEHALL FDS INChigh div yld	$465,000	+62.6%	7,420	+74.8%	0.25%	+37.4%
ED	Sell	CONSOLIDATED EDISON INC	$437,000	+12.1%	6,532	-2.9%	0.23%	-4.9%
CL	Sell	COLGATE PALMOLIVE CO	$429,000	-10.3%	6,755	-7.5%	0.23%	-24.1%
PH	Buy	PARKER HANNIFIN CORP	$388,000	-15.3%	3,990	+1.3%	0.21%	-28.0%
IR	Buy	INGERSOLL-RAND PLC	$378,000	-20.6%	7,445	+5.5%	0.20%	-32.7%
VOO	New	VANGUARD INDEX FDS	$353,000	–	2,011	–	0.19%	–
LLL	Buy	L-3 COMMUNICATIONS HLDGS INC	$251,000	-6.7%	2,405	+1.5%	0.13%	-20.8%
PLL	Exit	PALL CORP	$0	–	-1,830	–	-0.14%	–
TGP	Exit	TEEKAY LNG PARTNERS L Pprtnrsp units	$0	–	-9,245	–	-0.19%	–
OKS	Exit	ONEOK PARTNERS LPunit ltd partn	$0	–	-10,505	–	-0.22%	–
BNS	Exit	BANK NOVA SCOTIA HALIFAX	$0	–	-28,650	–	-0.92%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-66,827	–	-1.60%	–
ETN	Exit	EATON CORP PLC	$0	–	-43,848	–	-1.85%	–

Q2 2015

			Value		Shares		↓ Weighting
BFB	New	BROWN FORMAN CORPcl b	$5,539,000	–	55,290	–	3.46%	–
MO	New	ALTRIA GROUP INC	$5,386,000	–	110,110	–	3.36%	–
PANW	New	PALO ALTO NETWORKS INC	$5,240,000	–	29,995	–	3.27%	–
AAPL	New	APPLE INC	$4,573,000	–	36,458	–	2.86%	–
MCK	New	MCKESSON CORP	$4,422,000	–	19,670	–	2.76%	–
PNC	New	PNC FINL SVCS GROUP INC	$4,072,000	–	42,575	–	2.54%	–
DD	New	DU PONT E I DE NEMOURS & CO	$3,620,000	–	56,602	–	2.26%	–
HON	New	HONEYWELL INTL INC	$3,274,000	–	32,110	–	2.05%	–
WFC	New	WELLS FARGO & CO NEW	$3,246,000	–	57,723	–	2.03%	–
TD	New	TORONTO DOMINION BK ONT	$3,089,000	–	72,670	–	1.93%	–
INTC	New	INTEL CORP	$3,042,000	–	100,031	–	1.90%	–
GIS	New	GENERAL MLS INC	$3,018,000	–	54,160	–	1.89%	–
ETN	New	EATON CORP PLC	$2,959,000	–	43,848	–	1.85%	–
UNH	New	UNITEDHEALTH GROUP INC	$2,900,000	–	23,771	–	1.81%	–
MRK	New	MERCK & CO INC NEW	$2,898,000	–	50,902	–	1.81%	–
SIGI	New	SELECTIVE INS GROUP INC	$2,825,000	–	100,705	–	1.76%	–
AFG	New	AMERICAN FINL GROUP INC OHIO	$2,780,000	–	42,735	–	1.74%	–
WAB	New	WABTEC CORP	$2,733,000	–	28,995	–	1.71%	–
JNJ	New	JOHNSON & JOHNSON	$2,733,000	–	28,038	–	1.71%	–
MDLZ	New	MONDELEZ INTL INCcl a	$2,707,000	–	65,787	–	1.69%	–
M	New	MACYS INC	$2,635,000	–	39,050	–	1.65%	–
BLK	New	BLACKROCK INC	$2,612,000	–	7,549	–	1.63%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$2,610,000	–	39,219	–	1.63%	–
KMI	New	KINDER MORGAN INC DEL	$2,566,000	–	66,827	–	1.60%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,564,000	–	55,000	–	1.60%	–
AEP	New	AMERICAN ELEC PWR INC	$2,519,000	–	47,560	–	1.57%	–
MSFT	New	MICROSOFT CORP	$2,451,000	–	55,506	–	1.53%	–
PFE	New	PFIZER INC	$2,383,000	–	71,084	–	1.49%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,369,000	–	21,355	–	1.48%	–
WMT	New	WAL-MART STORES INC	$2,324,000	–	32,770	–	1.45%	–
XOM	New	EXXON MOBIL CORP	$2,284,000	–	27,455	–	1.43%	–
AFL	New	AFLAC INC	$2,172,000	–	34,920	–	1.36%	–
ABBV	New	ABBVIE INC	$2,153,000	–	32,036	–	1.34%	–
KMB	New	KIMBERLY CLARK CORP	$2,152,000	–	20,306	–	1.34%	–
GPC	New	GENUINE PARTS CO	$2,133,000	–	23,820	–	1.33%	–
KO	New	COCA COLA CO	$2,126,000	–	54,205	–	1.33%	–
CMI	New	CUMMINS INC	$2,095,000	–	15,972	–	1.31%	–
KRFT	New	KRAFT FOODS GROUP INC	$2,088,000	–	24,523	–	1.30%	–
BDX	New	BECTON DICKINSON & CO	$1,998,000	–	14,105	–	1.25%	–
ABT	New	ABBOTT LABS	$1,965,000	–	40,035	–	1.23%	–
CSCO	New	CISCO SYS INC	$1,943,000	–	70,745	–	1.21%	–
NEE	New	NEXTERA ENERGY INC	$1,882,000	–	19,200	–	1.18%	–
DOW	New	DOW CHEM CO	$1,881,000	–	36,765	–	1.18%	–
PG	New	PROCTER & GAMBLE CO	$1,866,000	–	23,843	–	1.17%	–
MWE	New	MARKWEST ENERGY PARTNERS L Punit ltd partn	$1,862,000	–	33,025	–	1.16%	–
ITT	New	ITT CORP NEW	$1,831,000	–	43,767	–	1.14%	–
EMR	New	EMERSON ELEC CO	$1,822,000	–	32,865	–	1.14%	–
AGN	New	ALLERGAN PLC	$1,786,000	–	5,885	–	1.12%	–
DUK	New	DUKE ENERGY CORP NEW	$1,731,000	–	24,515	–	1.08%	–
D	New	DOMINION RES INC VA NEW	$1,660,000	–	24,822	–	1.04%	–
T	New	AT&T INC	$1,593,000	–	44,860	–	1.00%	–
ETP	New	ENERGY TRANSFER PRTNRS L Punit ltd partn	$1,514,000	–	28,995	–	0.95%	–
BNS	New	BANK NOVA SCOTIA HALIFAX	$1,479,000	–	28,650	–	0.92%	–
RTN	New	RAYTHEON CO	$1,407,000	–	14,710	–	0.88%	–
ACN	New	ACCENTURE PLC IRELAND	$1,295,000	–	13,380	–	0.81%	–
FISV	New	FISERV INC	$1,273,000	–	15,365	–	0.80%	–
CVS	New	CVS CAREMARK CORPORATION	$1,094,000	–	10,430	–	0.68%	–
LLY	New	LILLY ELI & CO	$1,049,000	–	12,560	–	0.66%	–
MCD	New	MCDONALDS CORP	$1,049,000	–	11,030	–	0.66%	–
PEP	New	PEPSICO INC	$864,000	–	9,258	–	0.54%	–
ORCL	New	ORACLE CORP	$857,000	–	21,265	–	0.54%	–
WDC	New	WESTERN DIGITAL CORP	$856,000	–	10,917	–	0.54%	–
MON	New	MONSANTO CO NEW	$805,000	–	7,550	–	0.50%	–
HUM	New	HUMANA INC	$795,000	–	4,158	–	0.50%	–
ATVI	New	ACTIVISION BLIZZARD INC	$774,000	–	31,975	–	0.48%	–
COST	New	COSTCO WHSL CORP NEW	$752,000	–	5,570	–	0.47%	–
MMM	New	3M CO	$710,000	–	4,600	–	0.44%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$630,000	–	8,590	–	0.39%	–
VBK	New	VANGUARD INDEX FDSsml cp grw etf	$627,000	–	4,668	–	0.39%	–
VAR	New	VARIAN MED SYS INC	$615,000	–	7,290	–	0.38%	–
ITW	New	ILLINOIS TOOL WKS INC	$552,000	–	6,013	–	0.34%	–
CL	New	COLGATE PALMOLIVE CO	$478,000	–	7,305	–	0.30%	–
IR	New	INGERSOLL-RAND PLC	$476,000	–	7,060	–	0.30%	–
IVE	New	ISHARES TRs&p 500 value	$462,000	–	5,007	–	0.29%	–
PH	New	PARKER HANNIFIN CORP	$458,000	–	3,940	–	0.29%	–
ED	New	CONSOLIDATED EDISON INC	$390,000	–	6,730	–	0.24%	–
OKS	New	ONEOK PARTNERS LPunit ltd partn	$357,000	–	10,505	–	0.22%	–
TGP	New	TEEKAY LNG PARTNERS L Pprtnrsp units	$298,000	–	9,245	–	0.19%	–
VYM	New	VANGUARD WHITEHALL FDS INChigh div yld	$286,000	–	4,245	–	0.18%	–
LLL	New	L-3 COMMUNICATIONS HLDGS INC	$269,000	–	2,370	–	0.17%	–
BKLN	New	POWERSHARES ETF TRUST IIsenior ln port	$233,000	–	9,802	–	0.15%	–
PLL	New	PALL CORP	$228,000	–	1,830	–	0.14%	–

Q4 2014

			Value		Shares		↓ Weighting
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-2,274	–	-0.14%	–
BKLN	Exit	POWERSHARES ETF TRUST IIsenior ln port	$0	–	-10,725	–	-0.15%	–
LLL	Exit	L-3 COMMUNICATIONS HLDGS INC	$0	–	-2,505	–	-0.17%	–
QCOM	Exit	QUALCOMM INC	$0	–	-4,364	–	-0.19%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-6,191	–	-0.21%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-6,745	–	-0.22%	–
IR	Exit	INGERSOLL-RAND PLC	$0	–	-7,590	–	-0.25%	–
IVE	Exit	ISHARES TRs&p 500 value	$0	–	-5,007	–	-0.26%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-4,140	–	-0.27%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-7,655	–	-0.29%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-7,035	–	-0.33%	–
VBK	Exit	VANGUARD INDEX FDSsml cp grw etf	$0	–	-4,731	–	-0.33%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-12,496	–	-0.34%	–
HUM	Exit	HUMANA INC	$0	–	-4,503	–	-0.34%	–
WEC	Exit	WISCONSIN ENERGY CORP	$0	–	-14,600	–	-0.36%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-5,178	–	-0.38%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-33,365	–	-0.40%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-9,980	–	-0.44%	–
ORCL	Exit	ORACLE CORP	$0	–	-20,495	–	-0.45%	–
HAL	Exit	HALLIBURTON CO	$0	–	-12,348	–	-0.46%	–
VMW	Exit	VMWARE INC	$0	–	-8,620	–	-0.47%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-10,308	–	-0.47%	–
PEP	Exit	PEPSICO INC	$0	–	-9,008	–	-0.48%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-9,740	–	-0.48%	–
LLY	Exit	LILLY ELI & CO	$0	–	-13,005	–	-0.49%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-8,311	–	-0.49%	–
MON	Exit	MONSANTO CO NEW	$0	–	-7,560	–	-0.49%	–
INTC	Exit	INTEL CORP	$0	–	-26,256	–	-0.53%	–
CSCO	Exit	CISCO SYS INC	$0	–	-37,460	–	-0.54%	–
FISV	Exit	FISERV INC	$0	–	-15,445	–	-0.58%	–
MMM	Exit	3M CO	$0	–	-7,380	–	-0.60%	–
SYNA	Exit	SYNAPTICS INC	$0	–	-15,100	–	-0.64%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-11,377	–	-0.64%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-14,118	–	-0.69%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-23,018	–	-0.75%	–
WAB	Exit	WABTEC CORP	$0	–	-17,815	–	-0.84%	–
RTN	Exit	RAYTHEON CO	$0	–	-14,295	–	-0.84%	–
MCD	Exit	MCDONALDS CORP	$0	–	-17,355	–	-0.95%	–
TRW	Exit	TRW AUTOMOTIVE HLDGS CORP	$0	–	-16,375	–	-0.96%	–
DOV	Exit	DOVER CORP	$0	–	-22,100	–	-1.03%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-23,865	–	-1.06%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-19,475	–	-1.06%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-24,515	–	-1.06%	–
ETN	Exit	EATON CORP PLC	$0	–	-30,923	–	-1.13%	–
T	Exit	AT&T INC	$0	–	-58,950	–	-1.20%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-18,580	–	-1.22%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-30,647	–	-1.22%	–
BNS	Exit	BANK NOVA SCOTIA HALIFAX	$0	–	-34,490	–	-1.23%	–
ABT	Exit	ABBOTT LABS	$0	–	-51,795	–	-1.24%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-43,855	–	-1.25%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-65,787	–	-1.30%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-28,560	–	-1.34%	–
ETP	Exit	ENERGY TRANSFER PRTNRS L Punit ltd partn	$0	–	-36,530	–	-1.35%	–
ITT	Exit	ITT CORP NEW	$0	–	-52,307	–	-1.36%	–
CMI	Exit	CUMMINS INC	$0	–	-18,027	–	-1.38%	–
AFL	Exit	AFLAC INC	$0	–	-41,695	–	-1.40%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-27,930	–	-1.42%	–
STX	Exit	SEAGATE TECHNOLOGY PLC	$0	–	-43,107	–	-1.43%	–
ABBV	Exit	ABBVIE INC	$0	–	-45,855	–	-1.53%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-42,385	–	-1.53%	–
TGP	Exit	TEEKAY LNG PARTNERS L Pprtnrsp units	$0	–	-61,870	–	-1.56%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-33,117	–	-1.60%	–
AGN	Exit	ALLERGAN INC	$0	–	-16,177	–	-1.67%	–
PFE	Exit	PFIZER INC	$0	–	-99,147	–	-1.69%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-56,740	–	-1.70%	–
PSX	Exit	PHILLIPS 66	$0	–	-36,527	–	-1.72%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-28,210	–	-1.72%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-59,255	–	-1.75%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-33,015	–	-1.78%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-60,905	–	-1.84%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-65,005	–	-1.88%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-30,200	–	-1.88%	–
KO	Exit	COCA COLA CO	$0	–	-76,305	–	-1.88%	–
MWE	Exit	MARKWEST ENERGY PARTNERS L Punit ltd partn	$0	–	-43,135	–	-1.92%	–
AAPL	Exit	APPLE INC	$0	–	-33,603	–	-1.96%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-40,090	–	-1.98%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-36,295	–	-2.06%	–
GIS	Exit	GENERAL MLS INC	$0	–	-73,405	–	-2.14%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-43,925	–	-2.39%	–
4945SC	Exit	KINDER MORGAN ENERGY PARTNERut ltd partner	$0	–	-44,480	–	-2.40%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-65,040	–	-2.70%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-52,875	–	-2.76%	–
MCK	Exit	MCKESSON CORP	$0	–	-29,905	–	-3.36%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-87,598	–	-4.22%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-180,868	–	-4.80%	–

Q3 2014

			Value		Shares		↓ Weighting
MO	Buy	ALTRIA GROUP INC	$8,309,000	+9.5%	180,868	+0.0%	4.80%	+9.2%
MCK	Buy	MCKESSON CORP	$5,822,000	+4.7%	29,905	+0.1%	3.36%	+4.3%
BFB	Buy	BROWN FORMAN CORPcl b	$4,770,000	-4.2%	52,875	+0.0%	2.76%	-4.5%
DD	Sell	DU PONT E I DE NEMOURS & CO	$4,667,000	+9.6%	65,040	-0.0%	2.70%	+9.3%
XOM	Buy	EXXON MOBIL CORP	$4,131,000	-6.4%	43,925	+0.2%	2.39%	-6.7%
GIS	Sell	GENERAL MLS INC	$3,703,000	-4.7%	73,405	-0.8%	2.14%	-5.0%
PANW	Buy	PALO ALTO NETWORKS INC	$3,561,000	+17.6%	36,295	+0.5%	2.06%	+17.3%
PNC	Buy	PNC FINL SVCS GROUP INC	$3,431,000	-3.6%	40,090	+0.3%	1.98%	-3.9%
AAPL	Sell	APPLE INC	$3,386,000	+7.3%	33,603	-1.1%	1.96%	+6.9%
MWE	Buy	MARKWEST ENERGY PARTNERS L Punit ltd partn	$3,314,000	+7.7%	43,135	+0.4%	1.92%	+7.4%
KO	Sell	COCA COLA CO	$3,255,000	+0.1%	76,305	-0.7%	1.88%	-0.3%
VZ	Sell	VERIZON COMMUNICATIONS INC	$3,250,000	+1.7%	65,005	-0.5%	1.88%	+1.3%
KMB	Buy	KIMBERLY CLARK CORP	$3,249,000	-3.0%	30,200	+0.3%	1.88%	-3.3%
AEP	Sell	AMERICAN ELEC PWR INC	$3,180,000	-7.1%	60,905	-0.7%	1.84%	-7.4%
HON	Buy	HONEYWELL INTL INC	$3,074,000	+0.3%	33,015	+0.2%	1.78%	+0.1%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$3,033,000	+5.9%	59,255	+0.4%	1.75%	+5.6%
UTX	Sell	UNITED TECHNOLOGIES CORP	$2,979,000	-8.9%	28,210	-0.4%	1.72%	-9.2%
PSX	Buy	PHILLIPS 66	$2,970,000	+1.4%	36,527	+0.3%	1.72%	+1.1%
WFC	Buy	WELLS FARGO & CO NEW	$2,943,000	-0.9%	56,740	+0.4%	1.70%	-1.2%
PFE	Sell	PFIZER INC	$2,932,000	-0.6%	99,147	-0.3%	1.69%	-1.0%
AGN	Sell	ALLERGAN INC	$2,883,000	+4.7%	16,177	-0.6%	1.67%	+4.4%
TGP	Sell	TEEKAY LNG PARTNERS L Pprtnrsp units	$2,695,000	-6.2%	61,870	-0.7%	1.56%	-6.5%
EMR	Sell	EMERSON ELEC CO	$2,653,000	-6.1%	42,385	-0.5%	1.53%	-6.4%
ABBV	Sell	ABBVIE INC	$2,649,000	+2.2%	45,855	-0.2%	1.53%	+1.9%
STX	Buy	SEAGATE TECHNOLOGY PLC	$2,469,000	+1.5%	43,107	+0.7%	1.43%	+1.2%
GPC	Buy	GENUINE PARTS CO	$2,450,000	+0.6%	27,930	+0.6%	1.42%	+0.3%
AFL	Sell	AFLAC INC	$2,429,000	-7.0%	41,695	-0.7%	1.40%	-7.3%
CMI	Buy	CUMMINS INC	$2,379,000	-13.8%	18,027	+0.8%	1.38%	-14.1%
ITT	Buy	ITT CORP NEW	$2,351,000	-6.0%	52,307	+0.6%	1.36%	-6.3%
ETP	Buy	ENERGY TRANSFER PRTNRS L Punit ltd partn	$2,338,000	+11.0%	36,530	+0.5%	1.35%	+10.6%
ACN	Sell	ACCENTURE PLC IRELAND	$2,323,000	-0.0%	28,560	-0.6%	1.34%	-0.3%
TD	Sell	TORONTO DOMINION BK ONT	$2,166,000	-5.4%	43,855	-1.5%	1.25%	-5.7%
ABT	Buy	ABBOTT LABS	$2,154,000	+1.9%	51,795	+0.2%	1.24%	+1.6%
BNS	Sell	BANK NOVA SCOTIA HALIFAX	$2,133,000	-8.4%	34,490	-1.4%	1.23%	-8.7%
D	Buy	DOMINION RES INC VA NEW	$2,117,000	+95.8%	30,647	+102.8%	1.22%	+95.1%
BDX	Buy	BECTON DICKINSON & CO	$2,115,000	-3.2%	18,580	+0.5%	1.22%	-3.6%
T	Sell	AT&T INC	$2,077,000	-0.5%	58,950	-0.1%	1.20%	-0.8%
ETN	Buy	EATON CORP PLC	$1,960,000	-17.4%	30,923	+0.6%	1.13%	-17.6%
NEE	Buy	NEXTERA ENERGY INC	$1,828,000	-7.8%	19,475	+0.7%	1.06%	-8.1%
COP	Sell	CONOCOPHILLIPS	$1,826,000	-11.8%	23,865	-1.1%	1.06%	-12.1%
DOV	Buy	DOVER CORP	$1,775,000	-11.2%	22,100	+0.5%	1.03%	-11.5%
TRW	Sell	TRW AUTOMOTIVE HLDGS CORP	$1,658,000	+12.8%	16,375	-0.3%	0.96%	+12.4%
MCD	Buy	MCDONALDS CORP	$1,645,000	-5.3%	17,355	+0.7%	0.95%	-5.6%
RTN	Sell	RAYTHEON CO	$1,453,000	+8.7%	14,295	-1.4%	0.84%	+8.4%
WAB	Sell	WABTEC CORP	$1,444,000	-6.4%	17,815	-4.7%	0.84%	-6.6%
ITW	Sell	ILLINOIS TOOL WKS INC	$1,192,000	-5.5%	14,118	-2.1%	0.69%	-5.9%
WDC	Sell	WESTERN DIGITAL CORP	$1,107,000	+3.5%	11,377	-1.9%	0.64%	+3.2%
SYNA	New	SYNAPTICS INC	$1,105,000	–	15,100	–	0.64%	–
MMM	Sell	3M CO	$1,046,000	-1.4%	7,380	-0.3%	0.60%	-1.6%
FISV	Sell	FISERV INC	$998,000	+6.7%	15,445	-0.3%	0.58%	+6.5%
CSCO	Sell	CISCO SYS INC	$943,000	+0.6%	37,460	-0.7%	0.54%	+0.4%
INTC	Buy	INTEL CORP	$914,000	+14.0%	26,256	+1.1%	0.53%	+13.5%
MON	Buy	MONSANTO CO NEW	$851,000	-7.1%	7,560	+3.0%	0.49%	-7.3%
SLB	Buy	SCHLUMBERGER LTD	$845,000	-13.3%	8,311	+0.6%	0.49%	-13.6%
LLY	Buy	LILLY ELI & CO	$843,000	+5.4%	13,005	+1.1%	0.49%	+5.0%
UNH	Buy	UNITEDHEALTH GROUP INC	$840,000	+6.3%	9,740	+0.8%	0.48%	+5.9%
PEP	Sell	PEPSICO INC	$839,000	+2.7%	9,008	-1.5%	0.48%	+2.3%
CVS	Sell	CVS CAREMARK CORPORATION	$820,000	+2.5%	10,308	-2.8%	0.47%	+2.2%
VMW	Buy	VMWARE INC	$809,000	+2.8%	8,620	+6.0%	0.47%	+2.6%
HAL	Buy	HALLIBURTON CO	$797,000	-7.4%	12,348	+1.9%	0.46%	-7.6%
ORCL	Sell	ORACLE CORP	$785,000	-7.6%	20,495	-2.3%	0.45%	-7.9%
WMT	Sell	WAL-MART STORES INC	$763,000	0.0%	9,980	-1.8%	0.44%	-0.2%
ATVI	Buy	ACTIVISION BLIZZARD INC	$694,000	-6.0%	33,365	+0.8%	0.40%	-6.3%
COST	Sell	COSTCO WHSL CORP NEW	$649,000	+6.9%	5,178	-1.7%	0.38%	+6.5%
WEC	Sell	WISCONSIN ENERGY CORP	$628,000	-10.7%	14,600	-2.5%	0.36%	-11.0%
HUM	Buy	HUMANA INC	$587,000	+4.1%	4,503	+1.9%	0.34%	+3.7%
MSFT	Sell	MICROSOFT CORP	$579,000	+9.9%	12,496	-1.2%	0.34%	+9.5%
VBK	Buy	VANGUARD INDEX FDSsml cp grw etf	$569,000	-3.7%	4,731	+1.9%	0.33%	-4.1%
VAR	Sell	VARIAN MED SYS INC	$564,000	-4.7%	7,035	-1.2%	0.33%	-5.0%
PH	Sell	PARKER HANNIFIN CORP	$473,000	-9.4%	4,140	-0.4%	0.27%	-9.9%
IR	Sell	INGERSOLL-RAND PLC	$428,000	-11.8%	7,590	-2.2%	0.25%	-12.1%
ED	Buy	CONSOLIDATED EDISON INC	$382,000	+0.3%	6,745	+2.2%	0.22%	0.0%
MRK	Sell	MERCK & CO INC NEW	$367,000	-2.4%	6,191	-4.6%	0.21%	-2.8%
QCOM	Sell	QUALCOMM INC	$326,000	-8.4%	4,364	-2.8%	0.19%	-8.7%
LLL	Buy	L-3 COMMUNICATIONS HLDGS INC	$298,000	+9.6%	2,505	+3.5%	0.17%	+8.9%
BKLN	Sell	POWERSHARES ETF TRUST IIsenior ln port	$260,000	-33.8%	10,725	-32.1%	0.15%	-34.2%
YUM	Exit	YUM BRANDS INC	$0	–	-10,464	–	-0.49%	–

Q2 2014

			Value		Shares		↓ Weighting
MO	New	ALTRIA GROUP INC	$7,585,000	–	180,852	–	4.40%	–
PM	New	PHILIP MORRIS INTL INC	$7,385,000	–	87,598	–	4.28%	–
MCK	New	MCKESSON CORP	$5,563,000	–	29,875	–	3.22%	–
BFB	New	BROWN FORMAN CORPcl b	$4,979,000	–	52,870	–	2.89%	–
XOM	New	EXXON MOBIL CORP	$4,413,000	–	43,830	–	2.56%	–
DD	New	DU PONT E I DE NEMOURS & CO	$4,257,000	–	65,045	–	2.47%	–
GIS	New	GENERAL MLS INC	$3,887,000	–	73,980	–	2.25%	–
4945SC	New	KINDER MORGAN ENERGY PARTNERut ltd partner	$3,657,000	–	44,480	–	2.12%	–
PNC	New	PNC FINL SVCS GROUP INC	$3,559,000	–	39,965	–	2.06%	–
AEP	New	AMERICAN ELEC PWR INC	$3,422,000	–	61,355	–	1.98%	–
KMB	New	KIMBERLY CLARK CORP	$3,350,000	–	30,120	–	1.94%	–
UTX	New	UNITED TECHNOLOGIES CORP	$3,271,000	–	28,335	–	1.90%	–
KO	New	COCA COLA CO	$3,253,000	–	76,805	–	1.89%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,197,000	–	65,339	–	1.85%	–
AAPL	New	APPLE INC	$3,156,000	–	33,961	–	1.83%	–
MWE	New	MARKWEST ENERGY PARTNERS L Punit ltd partn	$3,076,000	–	42,975	–	1.78%	–
HON	New	HONEYWELL INTL INC	$3,064,000	–	32,960	–	1.78%	–
PANW	New	PALO ALTO NETWORKS INC	$3,028,000	–	36,115	–	1.76%	–
WFC	New	WELLS FARGO & CO NEW	$2,971,000	–	56,520	–	1.72%	–
PFE	New	PFIZER INC	$2,951,000	–	99,427	–	1.71%	–
PSX	New	PHILLIPS 66	$2,928,000	–	36,402	–	1.70%	–
TGP	New	TEEKAY LNG PARTNERS L Pprtnrsp units	$2,874,000	–	62,280	–	1.67%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$2,864,000	–	59,045	–	1.66%	–
EMR	New	EMERSON ELEC CO	$2,826,000	–	42,585	–	1.64%	–
CMI	New	CUMMINS INC	$2,760,000	–	17,887	–	1.60%	–
AGN	New	ALLERGAN INC	$2,754,000	–	16,277	–	1.60%	–
AFL	New	AFLAC INC	$2,613,000	–	41,980	–	1.52%	–
PG	New	PROCTER & GAMBLE CO	$2,603,000	–	33,117	–	1.51%	–
ABBV	New	ABBVIE INC	$2,592,000	–	45,930	–	1.50%	–
ITT	New	ITT CORP NEW	$2,501,000	–	52,002	–	1.45%	–
MDLZ	New	MONDELEZ INTL INCcl a	$2,474,000	–	65,787	–	1.43%	–
GPC	New	GENUINE PARTS CO	$2,436,000	–	27,750	–	1.41%	–
STX	New	SEAGATE TECHNOLOGY PLC	$2,433,000	–	42,817	–	1.41%	–
ETN	New	EATON CORP PLC	$2,372,000	–	30,738	–	1.38%	–
BNS	New	BANK NOVA SCOTIA HALIFAX	$2,329,000	–	34,965	–	1.35%	–
ACN	New	ACCENTURE PLC IRELAND	$2,324,000	–	28,745	–	1.35%	–
TD	New	TORONTO DOMINION BK ONT	$2,289,000	–	44,520	–	1.33%	–
BDX	New	BECTON DICKINSON & CO	$2,186,000	–	18,480	–	1.27%	–
ABT	New	ABBOTT LABS	$2,113,000	–	51,670	–	1.22%	–
ETP	New	ENERGY TRANSFER PRTNRS L Punit ltd partn	$2,107,000	–	36,345	–	1.22%	–
T	New	AT&T INC	$2,087,000	–	59,030	–	1.21%	–
COP	New	CONOCOPHILLIPS	$2,070,000	–	24,140	–	1.20%	–
DOV	New	DOVER CORP	$2,000,000	–	21,990	–	1.16%	–
NEE	New	NEXTERA ENERGY INC	$1,982,000	–	19,345	–	1.15%	–
DUK	New	DUKE ENERGY CORP NEW	$1,819,000	–	24,515	–	1.05%	–
MCD	New	MCDONALDS CORP	$1,737,000	–	17,240	–	1.01%	–
WAB	New	WABTEC CORP	$1,543,000	–	18,685	–	0.89%	–
TRW	New	TRW AUTOMOTIVE HLDGS CORP	$1,470,000	–	16,425	–	0.85%	–
KRFT	New	KRAFT FOODS GROUP INC	$1,380,000	–	23,018	–	0.80%	–
RTN	New	RAYTHEON CO	$1,337,000	–	14,495	–	0.78%	–
ITW	New	ILLINOIS TOOL WKS INC	$1,262,000	–	14,418	–	0.73%	–
D	New	DOMINION RES INC VA NEW	$1,081,000	–	15,115	–	0.63%	–
WDC	New	WESTERN DIGITAL CORP	$1,070,000	–	11,592	–	0.62%	–
MMM	New	3M CO	$1,061,000	–	7,405	–	0.62%	–
SLB	New	SCHLUMBERGER LTD	$975,000	–	8,265	–	0.56%	–
CSCO	New	CISCO SYS INC	$937,000	–	37,710	–	0.54%	–
FISV	New	FISERV INC	$935,000	–	15,495	–	0.54%	–
MON	New	MONSANTO CO NEW	$916,000	–	7,340	–	0.53%	–
HAL	New	HALLIBURTON CO	$861,000	–	12,118	–	0.50%	–
ORCL	New	ORACLE CORP	$850,000	–	20,970	–	0.49%	–
YUM	New	YUM BRANDS INC	$850,000	–	10,464	–	0.49%	–
PEP	New	PEPSICO INC	$817,000	–	9,143	–	0.47%	–
INTC	New	INTEL CORP	$802,000	–	25,966	–	0.46%	–
LLY	New	LILLY ELI & CO	$800,000	–	12,865	–	0.46%	–
CVS	New	CVS CAREMARK CORPORATION	$800,000	–	10,608	–	0.46%	–
UNH	New	UNITEDHEALTH GROUP INC	$790,000	–	9,665	–	0.46%	–
VMW	New	VMWARE INC	$787,000	–	8,130	–	0.46%	–
WMT	New	WAL-MART STORES INC	$763,000	–	10,160	–	0.44%	–
ATVI	New	ACTIVISION BLIZZARD INC	$738,000	–	33,090	–	0.43%	–
WEC	New	WISCONSIN ENERGY CORP	$703,000	–	14,980	–	0.41%	–
COST	New	COSTCO WHSL CORP NEW	$607,000	–	5,268	–	0.35%	–
VBK	New	VANGUARD INDEX FDSsml cp grw etf	$591,000	–	4,641	–	0.34%	–
VAR	New	VARIAN MED SYS INC	$592,000	–	7,120	–	0.34%	–
HUM	New	HUMANA INC	$564,000	–	4,418	–	0.33%	–
MSFT	New	MICROSOFT CORP	$527,000	–	12,646	–	0.31%	–
CL	New	COLGATE PALMOLIVE CO	$522,000	–	7,655	–	0.30%	–
PH	New	PARKER HANNIFIN CORP	$522,000	–	4,155	–	0.30%	–
IR	New	INGERSOLL-RAND PLC	$485,000	–	7,760	–	0.28%	–
IVE	New	ISHARES TRs&p 500 value	$452,000	–	5,007	–	0.26%	–
BKLN	New	POWERSHARES ETF TRUST IIsenior ln port	$393,000	–	15,800	–	0.23%	–
ED	New	CONSOLIDATED EDISON INC	$381,000	–	6,600	–	0.22%	–
MRK	New	MERCK & CO INC NEW	$376,000	–	6,491	–	0.22%	–
QCOM	New	QUALCOMM INC	$356,000	–	4,489	–	0.21%	–
LLL	New	L-3 COMMUNICATIONS HLDGS INC	$272,000	–	2,420	–	0.16%	–
JNJ	New	JOHNSON & JOHNSON	$238,000	–	2,274	–	0.14%	–

Q4 2013

			Value		Shares		↓ Weighting
NVY	Exit	NUVEEN PA DIVID ADVANTAGE MU	$0	–	-10,000	–	-0.08%	–
MPA	Exit	BLACKROCK MUNIYIELD PA QLTY	$0	–	-12,000	–	-0.11%	–
LLL	Exit	L-3 COMMUNICATIONS HLDGS INC	$0	–	-2,225	–	-0.14%	–
BKLN	Exit	POWERSHARES ETF TRUST IIsenior ln port	$0	–	-8,840	–	-0.15%	–
QCOM	Exit	QUALCOMM INC	$0	–	-3,239	–	-0.15%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-6,383	–	-0.21%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-6,235	–	-0.23%	–
HUM	Exit	HUMANA INC	$0	–	-3,930	–	-0.25%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-11,115	–	-0.25%	–
IVE	Exit	ISHARES TRs&p 500 value	$0	–	-5,047	–	-0.27%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-7,790	–	-0.31%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-15,535	–	-0.32%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-4,395	–	-0.32%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-6,955	–	-0.35%	–
BND	Exit	VANGUARD BD INDEX FD INCtotal bnd mrkt	$0	–	-6,815	–	-0.38%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-10,523	–	-0.41%	–
LLY	Exit	LILLY ELI & CO	$0	–	-12,015	–	-0.41%	–
WEC	Exit	WISCONSIN ENERGY CORP	$0	–	-14,980	–	-0.41%	–
IR	Exit	INGERSOLL-RAND PLC	$0	–	-9,375	–	-0.41%	–
INTC	Exit	INTEL CORP	$0	–	-26,611	–	-0.42%	–
HAL	Exit	HALLIBURTON CO	$0	–	-12,738	–	-0.42%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-5,448	–	-0.43%	–
TGT	Exit	TARGET CORP	$0	–	-10,125	–	-0.44%	–
VMW	Exit	VMWARE INC	$0	–	-8,325	–	-0.46%	–
ORCL	Exit	ORACLE CORP	$0	–	-20,505	–	-0.46%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-9,720	–	-0.47%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-8,076	–	-0.49%	–
YUM	Exit	YUM BRANDS INC	$0	–	-10,419	–	-0.51%	–
PEP	Exit	PEPSICO INC	$0	–	-9,578	–	-0.52%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-10,320	–	-0.52%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-12,155	–	-0.52%	–
MON	Exit	MONSANTO CO NEW	$0	–	-7,430	–	-0.53%	–
FISV	Exit	FISERV INC	$0	–	-8,320	–	-0.57%	–
CSCO	Exit	CISCO SYS INC	$0	–	-36,310	–	-0.58%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-14,780	–	-0.63%	–
MMM	Exit	3M CO	$0	–	-8,275	–	-0.67%	–
STX	Exit	SEAGATE TECHNOLOGY PLC	$0	–	-24,095	–	-0.72%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-14,030	–	-0.73%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-65,400	–	-0.74%	–
RTN	Exit	RAYTHEON CO	$0	–	-14,360	–	-0.75%	–
TRW	Exit	TRW AUTOMOTIVE HLDGS CORP	$0	–	-15,840	–	-0.77%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-22,288	–	-0.80%	–
T104PS	Exit	AMERICAN RLTY CAP PPTYS INC	$0	–	-102,187	–	-0.85%	–
DDD	Exit	3-D SYS CORP DEL	$0	–	-24,985	–	-0.92%	–
WAB	Exit	WABTEC CORP	$0	–	-21,845	–	-0.93%	–
AAPL	Exit	APPLE INC	$0	–	-2,945	–	-0.96%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-23,250	–	-1.10%	–
MCD	Exit	MCDONALDS CORP	$0	–	-16,835	–	-1.10%	–
ABT	Exit	ABBOTT LABS	$0	–	-49,280	–	-1.11%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-17,815	–	-1.21%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-29,498	–	-1.24%	–
ETP	Exit	ENERGY TRANSFER PRTNRS L Punit ltd partn	$0	–	-35,185	–	-1.25%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-27,597	–	-1.25%	–
BNS	Exit	BANK NOVA SCOTIA HALIFAX	$0	–	-33,280	–	-1.30%	–
T	Exit	AT&T INC	$0	–	-57,000	–	-1.31%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-22,030	–	-1.35%	–
AGN	Exit	ALLERGAN INC	$0	–	-22,212	–	-1.37%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-65,787	–	-1.41%	–
ABBV	Exit	ABBVIE INC	$0	–	-46,905	–	-1.43%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-28,545	–	-1.43%	–
PSX	Exit	PHILLIPS 66	$0	–	-37,065	–	-1.46%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-28,810	–	-1.57%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-56,505	–	-1.59%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-32,847	–	-1.69%	–
AFL	Exit	AFLAC INC	$0	–	-41,295	–	-1.74%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-60,800	–	-1.79%	–
TGP	Exit	TEEKAY LNG PARTNERS L Pprtnrsp units	$0	–	-60,890	–	-1.83%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-42,090	–	-1.85%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-59,605	–	-1.88%	–
PFE	Exit	PFIZER INC	$0	–	-96,882	–	-1.89%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-38,525	–	-1.90%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-29,630	–	-1.90%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-34,015	–	-1.92%	–
KO	Exit	COCA COLA CO	$0	–	-76,705	–	-1.98%	–
MWE	Exit	MARKWEST ENERGY PARTNERS L Punit ltd partn	$0	–	-41,605	–	-2.04%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-28,000	–	-2.06%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-64,755	–	-2.06%	–
GIS	Exit	GENERAL MLS INC	$0	–	-73,280	–	-2.39%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-51,920	–	-2.41%	–
4945SC	Exit	KINDER MORGAN ENERGY PARTNERut ltd partner	$0	–	-45,125	–	-2.45%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-64,925	–	-2.59%	–
MCK	Exit	MCKESSON CORP	$0	–	-29,975	–	-2.62%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-52,545	–	-3.08%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-29,047	–	-3.66%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-180,238	–	-4.21%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-95,328	–	-5.62%	–

Q3 2013

			Value		Shares		↓ Weighting
MO	Buy	ALTRIA GROUP INC	$6,191,000	-1.8%	180,238	+0.0%	4.21%	-4.1%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$5,379,000	-3.3%	29,047	-0.2%	3.66%	-5.6%
MCK	Buy	MCKESSON CORP	$3,846,000	+12.3%	29,975	+0.2%	2.62%	+9.6%
DD	Sell	DU PONT E I DE NEMOURS & CO	$3,802,000	+11.4%	64,925	-0.1%	2.59%	+8.7%
VZ	Buy	VERIZON COMMUNICATIONS INC	$3,022,000	-7.1%	64,755	+0.2%	2.06%	-9.3%
UTX	Sell	UNITED TECHNOLOGIES CORP	$3,019,000	+15.6%	28,000	-0.4%	2.06%	+12.9%
KO	Sell	COCA COLA CO	$2,906,000	-5.6%	76,705	-0.1%	1.98%	-7.9%
HON	Buy	HONEYWELL INTL INC	$2,825,000	+7.3%	34,015	+2.5%	1.92%	+4.7%
PNC	Sell	PNC FINL SVCS GROUP INC	$2,791,000	-0.9%	38,525	-0.2%	1.90%	-3.2%
PFE	Buy	PFIZER INC	$2,783,000	+3.4%	96,882	+0.8%	1.89%	+1.0%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$2,759,000	+4.6%	59,605	+1.0%	1.88%	+2.2%
EMR	Sell	EMERSON ELEC CO	$2,723,000	+18.3%	42,090	-0.2%	1.85%	+15.5%
TGP	Sell	TEEKAY LNG PARTNERS L Pprtnrsp units	$2,686,000	+0.8%	60,890	-0.1%	1.83%	-1.6%
AEP	Buy	AMERICAN ELEC PWR INC	$2,636,000	-2.1%	60,800	+1.1%	1.79%	-4.4%
AFL	Buy	AFLAC INC	$2,560,000	+8.4%	41,295	+1.7%	1.74%	+5.9%
ACN	Buy	ACCENTURE PLC IRELAND	$2,102,000	+3.4%	28,545	+1.1%	1.43%	+1.0%
ABBV	Sell	ABBVIE INC	$2,098,000	+8.0%	46,905	-0.2%	1.43%	+5.5%
MDLZ	Sell	MONDELEZ INTL INCcl a	$2,067,000	+9.9%	65,787	-0.2%	1.41%	+7.4%
ETP	Buy	ENERGY TRANSFER PRTNRS L Punit ltd partn	$1,832,000	+3.5%	35,185	+0.4%	1.25%	+1.1%
ABT	Sell	ABBOTT LABS	$1,636,000	-5.0%	49,280	-0.2%	1.11%	-7.2%
MCD	Sell	MCDONALDS CORP	$1,620,000	-3.4%	16,835	-0.6%	1.10%	-5.7%
AAPL	Sell	APPLE INC	$1,404,000	+19.5%	2,945	-0.6%	0.96%	+16.6%
T104PS	Sell	AMERICAN RLTY CAP PPTYS INC	$1,247,000	-20.5%	102,187	-0.5%	0.85%	-22.3%
TRW	Sell	TRW AUTOMOTIVE HLDGS CORP	$1,130,000	+6.9%	15,840	-0.5%	0.77%	+4.3%
STX	Buy	SEAGATE TECHNOLOGY PLC	$1,054,000	+1.7%	24,095	+4.3%	0.72%	-0.7%
CSCO	Sell	CISCO SYS INC	$851,000	-4.1%	36,310	-0.3%	0.58%	-6.3%
MON	Buy	MONSANTO CO NEW	$775,000	+8.4%	7,430	+2.6%	0.53%	+5.8%
WMT	Buy	WAL-MART STORES INC	$763,000	+4.7%	10,320	+5.4%	0.52%	+2.2%
PEP	Buy	PEPSICO INC	$761,000	+6.9%	9,578	+10.0%	0.52%	+4.4%
YUM	Buy	YUM BRANDS INC	$744,000	+6.3%	10,419	+3.2%	0.51%	+3.7%
ORCL	Sell	ORACLE CORP	$680,000	+6.2%	20,505	-1.6%	0.46%	+3.8%
VMW	Sell	VMWARE INC	$673,000	+19.3%	8,325	-1.2%	0.46%	+16.5%
HAL	Sell	HALLIBURTON CO	$613,000	+14.8%	12,738	-0.4%	0.42%	+12.1%
INTC	Buy	INTEL CORP	$610,000	-2.6%	26,611	+3.1%	0.42%	-4.8%
LLY	Sell	LILLY ELI & CO	$605,000	+1.9%	12,015	-0.6%	0.41%	-0.5%
VAR	Sell	VARIAN MED SYS INC	$520,000	+7.7%	6,955	-2.8%	0.35%	+5.0%
CAG	Buy	CONAGRA FOODS INC	$471,000	+9.5%	15,535	+26.2%	0.32%	+7.0%
CL	Sell	COLGATE PALMOLIVE CO	$462,000	+1.8%	7,790	-1.8%	0.31%	-0.6%
IVE	Sell	ISHARES TRs&p 500 value	$395,000	+2.1%	5,047	-1.3%	0.27%	-0.4%
MSFT	Buy	MICROSOFT CORP	$370,000	-1.3%	11,115	+2.5%	0.25%	-3.4%
QCOM	New	QUALCOMM INC	$218,000	–	3,239	–	0.15%	–
BKLN	Sell	POWERSHARES ETF TRUST IIsenior ln port	$218,000	-4.0%	8,840	-3.5%	0.15%	-6.3%
LLL	New	L-3 COMMUNICATIONS HLDGS INC	$210,000	–	2,225	–	0.14%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-9,086	–	-0.52%	–

Q2 2013

			Value		Shares		↓ Weighting
PM	New	PHILIP MORRIS INTL INC	$8,257,000	–	95,328	–	5.75%	–
MO	New	ALTRIA GROUP INC	$6,306,000	–	180,221	–	4.40%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$5,564,000	–	29,112	–	3.88%	–
XOM	New	EXXON MOBIL CORP	$4,747,000	–	52,545	–	3.31%	–
4945SC	New	KINDER MORGAN ENERGY PARTNERut ltd partner	$3,854,000	–	45,125	–	2.69%	–
GIS	New	GENERAL MLS INC	$3,556,000	–	73,280	–	2.48%	–
BFB	New	BROWN FORMAN CORPcl b	$3,507,000	–	51,920	–	2.44%	–
MCK	New	MCKESSON CORP	$3,426,000	–	29,925	–	2.39%	–
DD	New	DU PONT E I DE NEMOURS & CO	$3,413,000	–	65,000	–	2.38%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,253,000	–	64,625	–	2.27%	–
KO	New	COCA COLA CO	$3,080,000	–	76,780	–	2.15%	–
KMB	New	KIMBERLY CLARK CORP	$2,878,000	–	29,630	–	2.01%	–
PNC	New	PNC FINL SVCS GROUP INC	$2,815,000	–	38,600	–	1.96%	–
MWE	New	MARKWEST ENERGY PARTNERS L Punit ltd partn	$2,781,000	–	41,605	–	1.94%	–
AEP	New	AMERICAN ELEC PWR INC	$2,693,000	–	60,145	–	1.88%	–
PFE	New	PFIZER INC	$2,692,000	–	96,112	–	1.88%	–
TGP	New	TEEKAY LNG PARTNERS L Pprtnrsp units	$2,665,000	–	60,975	–	1.86%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$2,637,000	–	59,010	–	1.84%	–
HON	New	HONEYWELL INTL INC	$2,633,000	–	33,185	–	1.84%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,612,000	–	28,100	–	1.82%	–
PG	New	PROCTER & GAMBLE CO	$2,529,000	–	32,847	–	1.76%	–
AFL	New	AFLAC INC	$2,361,000	–	40,615	–	1.64%	–
NEE	New	NEXTERA ENERGY INC	$2,347,000	–	28,810	–	1.64%	–
WFC	New	WELLS FARGO & CO NEW	$2,332,000	–	56,505	–	1.62%	–
EMR	New	EMERSON ELEC CO	$2,301,000	–	42,190	–	1.60%	–
PSX	New	PHILLIPS 66	$2,184,000	–	37,065	–	1.52%	–
ACN	New	ACCENTURE PLC IRELAND	$2,032,000	–	28,235	–	1.42%	–
T	New	AT&T INC	$2,018,000	–	57,000	–	1.41%	–
ABBV	New	ABBVIE INC	$1,942,000	–	46,980	–	1.35%	–
MDLZ	New	MONDELEZ INTL INCcl a	$1,880,000	–	65,887	–	1.31%	–
AGN	New	ALLERGAN INC	$1,871,000	–	22,212	–	1.30%	–
DUK	New	DUKE ENERGY CORP NEW	$1,863,000	–	27,597	–	1.30%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$1,821,000	–	29,498	–	1.27%	–
BNS	New	BANK NOVA SCOTIA HALIFAX	$1,782,000	–	33,280	–	1.24%	–
TD	New	TORONTO DOMINION BK ONT	$1,771,000	–	22,030	–	1.23%	–
ETP	New	ENERGY TRANSFER PRTNRS L Punit ltd partn	$1,770,000	–	35,030	–	1.23%	–
BDX	New	BECTON DICKINSON & CO	$1,761,000	–	17,815	–	1.23%	–
ABT	New	ABBOTT LABS	$1,722,000	–	49,365	–	1.20%	–
MCD	New	MCDONALDS CORP	$1,677,000	–	16,935	–	1.17%	–
T104PS	New	AMERICAN RLTY CAP PPTYS INC	$1,568,000	–	102,740	–	1.09%	–
COP	New	CONOCOPHILLIPS	$1,407,000	–	23,250	–	0.98%	–
KRFT	New	KRAFT FOODS GROUP INC	$1,245,000	–	22,288	–	0.87%	–
AAPL	New	APPLE INC	$1,175,000	–	2,962	–	0.82%	–
WAB	New	WABTEC CORP	$1,167,000	–	21,845	–	0.81%	–
DDD	New	3-D SYS CORP DEL	$1,097,000	–	24,985	–	0.76%	–
TRW	New	TRW AUTOMOTIVE HLDGS CORP	$1,057,000	–	15,915	–	0.74%	–
STX	New	SEAGATE TECHNOLOGY PLC	$1,036,000	–	23,100	–	0.72%	–
ITW	New	ILLINOIS TOOL WKS INC	$971,000	–	14,030	–	0.68%	–
RTN	New	RAYTHEON CO	$950,000	–	14,360	–	0.66%	–
ATVI	New	ACTIVISION BLIZZARD INC	$933,000	–	65,400	–	0.65%	–
MMM	New	3M CO	$905,000	–	8,275	–	0.63%	–
CSCO	New	CISCO SYS INC	$887,000	–	36,435	–	0.62%	–
D	New	DOMINION RES INC VA NEW	$840,000	–	14,780	–	0.58%	–
WDC	New	WESTERN DIGITAL CORP	$755,000	–	12,155	–	0.53%	–
CAT	New	CATERPILLAR INC DEL	$750,000	–	9,086	–	0.52%	–
WMT	New	WAL-MART STORES INC	$729,000	–	9,790	–	0.51%	–
FISV	New	FISERV INC	$727,000	–	8,320	–	0.51%	–
MON	New	MONSANTO CO NEW	$715,000	–	7,240	–	0.50%	–
PEP	New	PEPSICO INC	$712,000	–	8,708	–	0.50%	–
YUM	New	YUM BRANDS INC	$700,000	–	10,094	–	0.49%	–
TGT	New	TARGET CORP	$697,000	–	10,125	–	0.49%	–
ORCL	New	ORACLE CORP	$640,000	–	20,835	–	0.45%	–
UNH	New	UNITEDHEALTH GROUP INC	$637,000	–	9,720	–	0.44%	–
INTC	New	INTEL CORP	$626,000	–	25,821	–	0.44%	–
WEC	New	WISCONSIN ENERGY CORP	$614,000	–	14,980	–	0.43%	–
CVS	New	CVS CAREMARK CORPORATION	$602,000	–	10,523	–	0.42%	–
COST	New	COSTCO WHSL CORP NEW	$602,000	–	5,448	–	0.42%	–
LLY	New	LILLY ELI & CO	$594,000	–	12,090	–	0.41%	–
SLB	New	SCHLUMBERGER LTD	$579,000	–	8,076	–	0.40%	–
VMW	New	VMWARE INC	$564,000	–	8,425	–	0.39%	–
BND	New	VANGUARD BD INDEX FD INCtotal bnd mrkt	$551,000	–	6,815	–	0.38%	–
HAL	New	HALLIBURTON CO	$534,000	–	12,788	–	0.37%	–
IR	New	INGERSOLL-RAND PLC	$521,000	–	9,375	–	0.36%	–
VAR	New	VARIAN MED SYS INC	$483,000	–	7,155	–	0.34%	–
CL	New	COLGATE PALMOLIVE CO	$454,000	–	7,930	–	0.32%	–
CAG	New	CONAGRA FOODS INC	$430,000	–	12,305	–	0.30%	–
PH	New	PARKER HANNIFIN CORP	$419,000	–	4,395	–	0.29%	–
IVE	New	ISHARES TRs&p 500 value	$387,000	–	5,112	–	0.27%	–
MSFT	New	MICROSOFT CORP	$375,000	–	10,840	–	0.26%	–
ED	New	CONSOLIDATED EDISON INC	$364,000	–	6,235	–	0.25%	–
HUM	New	HUMANA INC	$332,000	–	3,930	–	0.23%	–
MRK	New	MERCK & CO INC NEW	$297,000	–	6,383	–	0.21%	–
BKLN	New	POWERSHARES ETF TRUST IIsenior ln port	$227,000	–	9,165	–	0.16%	–
MPA	New	BLACKROCK MUNIYIELD PA QLTY	$170,000	–	12,000	–	0.12%	–
NVY	New	NUVEEN PA DIVID ADVANTAGE MU	$130,000	–	10,000	–	0.09%	–

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