Notis-McConarty Edward Activity Q4 2013-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE	$12,729,121	-14.7%	74,348	-3.4%	5.18%	-8.9%
ADP	Sell	AUTOMATIC DATA PROCESSING	$11,503,092	+8.2%	47,814	-1.1%	4.68%	+15.7%
GOOGL	Sell	ALPHABET INC CL A	$10,708,796	+8.6%	81,834	-0.6%	4.36%	+16.1%
MA	Sell	MASTERCARD	$10,478,946	+0.6%	26,468	-0.0%	4.27%	+7.6%
MSFT	Sell	MICROSOFT	$9,810,036	-8.4%	31,069	-1.2%	4.00%	-2.1%
PG	Sell	PROCTER & GAMBLE	$8,369,009	-5.0%	57,377	-1.1%	3.41%	+1.6%
NVDA	Sell	NVIDIA CORP	$8,135,182	-2.6%	18,702	-5.3%	3.31%	+4.1%
JNJ	Sell	JOHNSON & JOHNSON	$8,082,179	-5.9%	51,892	-0.0%	3.29%	+0.6%
ABT	Sell	ABBOTT LABS	$7,802,332	-11.5%	80,561	-0.4%	3.18%	-5.4%
ROK	Sell	ROCKWELL AUTOMATION	$6,976,085	-15.1%	24,403	-2.1%	2.84%	-9.2%
DHR	Sell	DANAHER CORP	$6,950,024	+2.6%	28,013	-0.7%	2.83%	+9.7%
ADI	Sell	ANALOG DEVICES	$6,815,553	-11.9%	38,926	-2.0%	2.78%	-5.8%
CNI	Buy	CANADIAN NATL RAILWAY	$6,705,736	-9.1%	61,901	+1.6%	2.73%	-2.8%
NSRGY	Sell	NESTLE SA ADR	$6,553,562	-6.9%	57,909	-1.0%	2.67%	-0.5%
ATR	Sell	APTARGROUP	$6,455,690	+6.6%	51,629	-1.2%	2.63%	+14.0%
FISV	Sell	FISERV	$5,672,286	-11.0%	50,215	-0.7%	2.31%	-4.9%
XOM	Sell	EXXON MOBIL	$4,868,399	+8.7%	41,405	-0.9%	1.98%	+16.2%
AMD	Sell	ADVANCED MICRO DEVICES	$4,694,349	-12.1%	45,656	-2.6%	1.91%	-6.0%
RTX	Buy	RTX CORPORATION	$4,674,452	-23.9%	64,950	+3.5%	1.90%	-18.7%
TJX	Sell	TJX COS	$4,616,427	+4.7%	51,940	-0.1%	1.88%	+11.9%
AMZN	Buy	AMAZON.COM	$4,483,904	+1.5%	35,273	+4.1%	1.83%	+8.5%
ABBV	Sell	ABBVIE	$4,371,184	+9.7%	29,325	-0.8%	1.78%	+17.3%
NVS	Sell	NOVARTIS AG ADR	$4,283,315	-1.3%	42,051	-2.2%	1.74%	+5.5%
HD	Buy	HOME DEPOT	$4,172,829	+1.8%	13,810	+4.6%	1.70%	+8.8%
UNH	Buy	UNITED HEALTH GROUP	$3,584,791	+15.0%	7,110	+9.6%	1.46%	+22.9%
BDX	Sell	BECTON DICKINSON	$3,407,683	-2.5%	13,181	-0.4%	1.39%	+4.2%
XYL	Buy	XYLEM INC	$2,970,126	-12.7%	32,628	+8.0%	1.21%	-6.6%
CVS	Sell	CVS HEALTH	$2,853,612	-23.6%	40,871	-24.4%	1.16%	-18.3%
NKE	Buy	NIKE INC CLASS B	$2,543,588	-12.4%	26,601	+1.1%	1.04%	-6.3%
CVX	Buy	CHEVRON	$2,455,950	+21.2%	14,565	+13.1%	1.00%	+29.5%
SYK	Sell	STRYKER CORP	$2,183,427	-13.5%	7,990	-3.4%	0.89%	-7.5%
ACN	Sell	ACCENTURE PLC SHS	$2,112,610	-2.9%	6,879	-2.4%	0.86%	+3.7%
MDT	Buy	MEDTRONIC	$2,070,741	-9.3%	26,426	+1.9%	0.84%	-3.1%
JPM	Sell	JPMORGAN CHASE	$2,039,996	-1.2%	14,067	-0.9%	0.83%	+5.6%
DIS	Sell	DISNEY	$1,929,476	-33.3%	23,806	-26.5%	0.79%	-28.7%
HON	Sell	HONEYWELL INTL	$1,699,608	-34.4%	9,200	-26.3%	0.69%	-29.9%
CHD	Sell	CHURCH & DWIGHT	$1,534,802	-15.9%	16,750	-8.0%	0.62%	-10.1%
AMGN	Sell	AMGEN INC	$1,527,363	+5.4%	5,683	-12.9%	0.62%	+12.7%
ITW	Sell	ILLINOIS TOOL WORKS	$1,488,493	-12.2%	6,463	-4.6%	0.61%	-6.2%
UNP	Sell	UNION PACIFIC	$1,480,390	-2.0%	7,270	-1.5%	0.60%	+4.9%
ORCL	Sell	ORACLE	$1,451,104	-13.6%	13,700	-2.8%	0.59%	-7.7%
ADBE	Sell	ADOBE SYS	$1,356,334	+0.9%	2,660	-3.3%	0.55%	+7.8%
EMR	Sell	EMERSON ELECTRIC	$1,269,123	-3.8%	13,142	-10.0%	0.52%	+2.8%
ILMN	Sell	ILLUMINA	$1,188,570	-33.4%	8,658	-9.1%	0.48%	-28.8%
BMY	Sell	BRISTOL-MYERS SQUIBB	$1,185,467	-13.9%	20,425	-5.1%	0.48%	-7.8%
INTC	Sell	INTEL	$1,124,091	-5.6%	31,620	-11.2%	0.46%	+0.9%
RHHBY	Sell	ROCHE HLDG LTD ADR	$956,486	-25.1%	28,190	-15.7%	0.39%	-19.9%
AVGO	Sell	BROADCOM INC	$897,027	-28.4%	1,080	-25.3%	0.36%	-23.6%
IWB	Sell	ISHARES RUSSELL 1000	$892,658	-19.5%	3,800	-16.5%	0.36%	-13.9%
SBGSY	New	SCHNEIDER ELEC SA ADR	$846,193	–	25,650	–	0.34%	–
SBUX	Sell	STARBUCKS	$804,454	-22.3%	8,814	-15.7%	0.33%	-17.0%
DEO	Sell	DIAGEO PLC SPSD ADR	$790,654	-21.4%	5,300	-8.6%	0.32%	-15.9%
CL	Sell	COLGATE-PALMOLIVE	$627,190	-18.0%	8,820	-11.2%	0.26%	-12.4%
QCOM	Sell	QUALCOMM	$611,385	-7.2%	5,505	-0.5%	0.25%	-0.8%
WM	Sell	WASTE MANAGEMENT INC	$590,705	-12.7%	3,875	-0.6%	0.24%	-6.6%
PBA	Sell	PEMBINA PIPELINE CO	$584,667	-7.9%	19,450	-3.7%	0.24%	-1.7%
OKE	New	ONEOK INC	$472,934	–	7,456	–	0.19%	–
YUM	Sell	YUM BRANDS	$459,779	-14.5%	3,680	-5.2%	0.19%	-8.8%
DE	Sell	DEERE & CO	$437,760	-11.8%	1,160	-5.3%	0.18%	-5.8%
PFE	Sell	PFIZER	$415,454	-10.6%	12,525	-1.1%	0.17%	-4.5%
	Sell	WCM FOCUSED INTERNATIONAL GROWequity mutual fu	$390,513	-32.1%	19,049	-26.6%	0.16%	-27.4%
TXN	Sell	TEXAS INSTRUMENTS	$357,772	-20.5%	2,250	-10.0%	0.15%	-14.6%
NVO	Buy	NOVO NORDISK A S ADR	$318,290	+3.5%	3,500	+84.2%	0.13%	+11.1%
UL	Sell	UNILEVER PLC NEW ADR	$299,117	-53.6%	6,055	-51.0%	0.12%	-50.2%
	Sell	BNY MELLON INTERNATIONAL STOCKequity mutual fu	$297,119	-29.3%	13,949	-20.9%	0.12%	-24.4%
COP	Sell	CONOCOPHILLIPS	$296,505	+11.1%	2,475	-3.9%	0.12%	+18.6%
LLY	Sell	ELI LILLY & CO	$249,765	+12.1%	465	-2.1%	0.10%	+20.0%
IP	New	INTL PAPER	$212,820	–	6,000	–	0.09%	–
ALLE	Exit	ALLEGION PLC	$0	–	-1,700	–	-0.08%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-7,400	–	-0.08%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-6,475	–	-0.09%	–
PYPL	Exit	PAYPAL HOLDINGS	$0	–	-8,620	–	-0.22%	–
MMP	Exit	MAGELLAN MIDSTREAM LP	$0	–	-11,179	–	-0.26%	–

Q2 2023

			Value		Shares		↓ Weighting
AAPL	New	APPLE	$14,929,483	–	76,968	–	5.69%	–
MSFT	New	MICROSOFT	$10,712,707	–	31,458	–	4.08%	–
ADP	New	AUTOMATIC DATA PROCESSING	$10,630,583	–	48,367	–	4.05%	–
MA	New	MASTERCARD	$10,413,797	–	26,478	–	3.97%	–
GOOGL	New	ALPHABET INC CL A	$9,858,371	–	82,359	–	3.76%	–
ABT	New	ABBOTT LABS	$8,820,262	–	80,905	–	3.36%	–
PG	New	PROCTER & GAMBLE	$8,805,320	–	58,029	–	3.36%	–
JNJ	New	JOHNSON & JOHNSON	$8,589,826	–	51,896	–	3.27%	–
NVDA	New	NVIDIA CORP	$8,354,644	–	19,750	–	3.18%	–
ROK	New	ROCKWELL AUTOMATION	$8,215,823	–	24,938	–	3.13%	–
ADI	New	ANALOG DEVICES	$7,735,125	–	39,706	–	2.95%	–
CNI	New	CANADIAN NATL RAILWAY	$7,377,642	–	60,937	–	2.81%	–
NSRGY	New	NESTLE SA ADR	$7,040,595	–	58,501	–	2.68%	–
DHR	New	DANAHER CORP	$6,773,760	–	28,224	–	2.58%	–
FISV	New	FISERV	$6,376,882	–	50,550	–	2.43%	–
RTX	New	RAYTHEON TECHNOLOGIES	$6,144,443	–	62,724	–	2.34%	–
ATR	New	APTARGROUP	$6,054,495	–	52,257	–	2.31%	–
AMD	New	ADVANCED MICRO DEVICES	$5,339,987	–	46,879	–	2.04%	–
XOM	New	EXXON MOBIL	$4,480,582	–	41,777	–	1.71%	–
AMZN	New	AMAZON.COM	$4,417,901	–	33,890	–	1.68%	–
TJX	New	TJX COS	$4,408,995	–	51,999	–	1.68%	–
NVS	New	NOVARTIS AG ADR	$4,338,221	–	42,991	–	1.65%	–
HD	New	HOME DEPOT	$4,099,517	–	13,197	–	1.56%	–
PEP	New	PEPSICO	$4,060,393	–	21,922	–	1.55%	–
ABBV	New	ABBVIE	$3,984,639	–	29,575	–	1.52%	–
CVS	New	CVS HEALTH	$3,735,371	–	54,034	–	1.42%	–
BDX	New	BECTON DICKINSON	$3,495,227	–	13,239	–	1.33%	–
XYL	New	XYLEM INC	$3,401,349	–	30,202	–	1.30%	–
UNH	New	UNITED HEALTH GROUP	$3,117,432	–	6,486	–	1.19%	–
NKE	New	NIKE INC CLASS B	$2,903,944	–	26,311	–	1.11%	–
DIS	New	DISNEY	$2,892,672	–	32,400	–	1.10%	–
LOW	New	LOWES COMPANIES	$2,633,919	–	11,670	–	1.00%	–
HON	New	HONEYWELL INTL	$2,591,674	–	12,490	–	0.99%	–
SYK	New	STRYKER CORP	$2,523,094	–	8,270	–	0.96%	–
MDT	New	MEDTRONIC	$2,284,080	–	25,926	–	0.87%	–
ACN	New	ACCENTURE PLC SHS	$2,175,180	–	7,049	–	0.83%	–
MRK	New	MERCK	$2,065,481	–	17,900	–	0.79%	–
JPM	New	JPMORGAN CHASE	$2,064,812	–	14,197	–	0.79%	–
CVX	New	CHEVRON	$2,026,668	–	12,880	–	0.77%	–
CHD	New	CHURCH & DWIGHT	$1,825,188	–	18,210	–	0.70%	–
ILMN	New	ILLUMINA	$1,785,467	–	9,523	–	0.68%	–
ITW	New	ILLINOIS TOOL WORKS	$1,695,585	–	6,778	–	0.65%	–
ORCL	New	ORACLE	$1,679,169	–	14,100	–	0.64%	–
ECL	New	ECOLAB INC	$1,614,868	–	8,650	–	0.62%	–
UNP	New	UNION PACIFIC	$1,510,096	–	7,380	–	0.58%	–
AMGN	New	AMGEN INC	$1,449,347	–	6,528	–	0.55%	–
COST	New	COSTCO WHOLESALE	$1,398,711	–	2,598	–	0.53%	–
BMY	New	BRISTOL-MYERS SQUIBB	$1,376,524	–	21,525	–	0.52%	–
ADBE	New	ADOBE SYS	$1,344,722	–	2,750	–	0.51%	–
EMR	New	EMERSON ELECTRIC	$1,319,875	–	14,602	–	0.50%	–
NEE	New	NEXTERA ENERGY	$1,313,043	–	17,696	–	0.50%	–
RHHBY	New	ROCHE HLDG LTD ADR	$1,277,752	–	33,449	–	0.49%	–
AVGO	New	BROADCOM INC	$1,253,436	–	1,445	–	0.48%	–
INTC	New	INTEL	$1,191,133	–	35,620	–	0.45%	–
IWB	New	ISHARES RUSSELL 1000	$1,109,017	–	4,550	–	0.42%	–
SBUX	New	STARBUCKS	$1,035,870	–	10,457	–	0.40%	–
DEO	New	DIAGEO PLC SPSD ADR	$1,006,184	–	5,800	–	0.38%	–
CSCO	New	CISCO SYS INC	$952,223	–	18,404	–	0.36%	–
TT	New	TRANE TECHNOLOGIES PLC	$860,670	–	4,500	–	0.33%	–
CL	New	COLGATE-PALMOLIVE	$765,007	–	9,930	–	0.29%	–
MCD	New	MCDONALDS CORP	$752,889	–	2,523	–	0.29%	–
GOOG	New	ALPHABET INC CL C	$701,626	–	5,800	–	0.27%	–
MMP	New	MAGELLAN MIDSTREAM LP	$696,675	–	11,179	–	0.26%	–
WM	New	WASTE MANAGEMENT INC	$676,338	–	3,900	–	0.26%	–
QCOM	New	QUALCOMM	$658,886	–	5,535	–	0.25%	–
UL	New	UNILEVER PLC NEW ADR	$644,327	–	12,360	–	0.24%	–
PBA	New	PEMBINA PIPELINE CO	$635,025	–	20,198	–	0.24%	–
	New	WCM FOCUSED INTERNATIONAL GROWequity mutual fu	$575,518	–	25,959	–	0.22%	–
PYPL	New	PAYPAL HOLDINGS	$575,212	–	8,620	–	0.22%	–
KO	New	COCA COLA	$554,024	–	9,200	–	0.21%	–
YUM	New	YUM BRANDS	$537,574	–	3,880	–	0.20%	–
CMCSA	New	COMCAST CORP NEW CL A	$518,544	–	12,480	–	0.20%	–
DE	New	DEERE & CO	$496,357	–	1,225	–	0.19%	–
	New	JACOBS SOLUTIONS INC	$475,560	–	4,000	–	0.18%	–
PFE	New	PFIZER	$464,552	–	12,665	–	0.18%	–
TXN	New	TEXAS INSTRUMENTS	$450,050	–	2,500	–	0.17%	–
SYY	New	SYSCO	$440,748	–	5,940	–	0.17%	–
	New	BNY MELLON INTERNATIONAL STOCKequity mutual fu	$420,200	–	17,626	–	0.16%	–
CI	New	CIGNA CORP NEW	$406,870	–	1,450	–	0.16%	–
IR	New	INGERSOLL RAND INC	$403,663	–	6,176	–	0.15%	–
GILD	New	GILEAD SCIENCES	$393,057	–	5,100	–	0.15%	–
EOG	New	EOG RESOURCES	$329,015	–	2,875	–	0.12%	–
NVO	New	NOVO NORDISK A S ADR	$307,477	–	1,900	–	0.12%	–
APD	New	AIR PRODUCTS & CHEM	$299,530	–	1,000	–	0.11%	–
	New	NOVOZYMES A S DKK 2.0	$287,961	–	6,200	–	0.11%	–
	New	FIDELITY PURITANequity mutual fu	$283,484	–	12,374	–	0.11%	–
COP	New	CONOCOPHILLIPS	$266,796	–	2,575	–	0.10%	–
PAYX	New	PAYCHEX	$257,301	–	2,300	–	0.10%	–
VZ	New	VERIZON COMMUNICATIONS	$240,805	–	6,475	–	0.09%	–
CB	New	CHUBB LIMITED	$231,072	–	1,200	–	0.09%	–
LLY	New	ELI LILLY & CO	$222,765	–	475	–	0.08%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$210,826	–	7,400	–	0.08%	–
ALLE	New	ALLEGION PLC	$204,034	–	1,700	–	0.08%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$204,600	–	600	–	0.08%	–

Q4 2022

			Value		Shares		↓ Weighting
LLY	Exit	ELI LILLY & CO	$0	–	-620	–	-0.09%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL B	$0	–	-800	–	-0.10%	–
CB	Exit	CHUBB LIMITED	$0	–	-1,200	–	-0.10%	–
NVO	Exit	NOVO NORDISK A S ADR	$0	–	-2,200	–	-0.10%	–
SPY	Exit	SPDR S&P 500 ETF	$0	–	-645	–	-0.10%	–
APD	Exit	AIR PRODUCTS & CHEM	$0	–	-1,000	–	-0.10%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-7,400	–	-0.10%	–
PAYX	Exit	PAYCHEX	$0	–	-2,300	–	-0.12%	–
IR	Exit	INGERSOLL RAND INC	$0	–	-6,176	–	-0.12%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-2,649	–	-0.12%	–
TFX	Exit	TELEFLEX	$0	–	-1,500	–	-0.14%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-6,300	–	-0.14%	–
	Exit	BNY MELLON INTERNATIONAL STOCKequity mutual fu	$0	–	-17,626	–	-0.14%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-5,300	–	-0.15%	–
EOG	Exit	EOG RESOURCES	$0	–	-2,985	–	-0.15%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-12,780	–	-0.17%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-9,975	–	-0.17%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-2,600	–	-0.18%	–
CI	Exit	CIGNA CORP NEW	$0	–	-1,450	–	-0.18%	–
DE	Exit	DEERE & CO	$0	–	-1,255	–	-0.19%	–
	Exit	JACOBS SOLUTIONS INC	$0	–	-4,000	–	-0.19%	–
SYY	Exit	SYSCO	$0	–	-6,181	–	-0.20%	–
YUM	Exit	YUM BRANDS	$0	–	-4,200	–	-0.20%	–
	Exit	WCM FOCUSED INTERNATIONAL GROWequity mutual fu	$0	–	-26,959	–	-0.21%	–
KO	Exit	COCA COLA	$0	–	-9,200	–	-0.23%	–
PFE	Exit	PFIZER	$0	–	-12,665	–	-0.25%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-5,800	–	-0.25%	–
MCD	Exit	MCDONALDS CORP	$0	–	-2,689	–	-0.28%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-3,900	–	-0.28%	–
BXP	Exit	BOSTON PPTYS INC REIT	$0	–	-8,612	–	-0.29%	–
MMP	Exit	MAGELLAN MIDSTREAM LP	$0	–	-13,843	–	-0.29%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-21,798	–	-0.30%	–
AVGO	Exit	BROADCOM INC	$0	–	-1,510	–	-0.30%	–
QCOM	Exit	QUALCOMM	$0	–	-6,084	–	-0.31%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-10,280	–	-0.32%	–
ADBE	Exit	ADOBE SYS	$0	–	-2,750	–	-0.34%	–
TT	Exit	TRANE TECHNOLOGIES PLC	$0	–	-5,300	–	-0.34%	–
CSCO	Exit	CISCO SYS INC	$0	–	-20,168	–	-0.36%	–
ORCL	Exit	ORACLE	$0	–	-15,150	–	-0.41%	–
IWB	Exit	ISHARES RUSSELL 1000	$0	–	-4,995	–	-0.44%	–
SBUX	Exit	STARBUCKS	$0	–	-11,931	–	-0.45%	–
DEO	Exit	DIAGEO PLC SPSD ADR	$0	–	-6,100	–	-0.46%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-15,459	–	-0.51%	–
ECL	Exit	ECOLAB INC	$0	–	-8,650	–	-0.56%	–
INTC	Exit	INTEL CORP	$0	–	-49,439	–	-0.57%	–
COST	Exit	COSTCO WHOLESALE	$0	–	-2,723	–	-0.58%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-7,194	–	-0.58%	–
CHD	Exit	CHURCH & DWIGHT	$0	–	-18,309	–	-0.58%	–
ILMN	Exit	ILLUMINA	$0	–	-7,201	–	-0.61%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-34,728	–	-0.63%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-18,303	–	-0.64%	–
RDSMY	Exit	KONINKLIJKE DSM NV	$0	–	-52,063	–	-0.66%	–
JPM	Exit	JPMORGAN CHASE	$0	–	-14,497	–	-0.68%	–
AMGN	Exit	AMGEN INC	$0	–	-6,743	–	-0.68%	–
UNP	Exit	UNION PACIFIC	$0	–	-8,024	–	-0.70%	–
MRK	Exit	MERCK	$0	–	-18,170	–	-0.70%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-22,325	–	-0.71%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-19,782	–	-0.74%	–
SYK	Exit	STRYKER CORP	$0	–	-8,618	–	-0.78%	–
MDT	Exit	MEDTRONIC	$0	–	-22,554	–	-0.81%	–
ACN	Exit	ACCENTURE PLC SHS	$0	–	-7,334	–	-0.84%	–
CVX	Exit	CHEVRON	$0	–	-13,440	–	-0.86%	–
HON	Exit	HONEYWELL INTL	$0	–	-12,380	–	-0.92%	–
PYPL	Exit	PAYPAL HOLDINGS	$0	–	-24,375	–	-0.94%	–
LOW	Exit	LOWES COMPANIES	$0	–	-12,550	–	-1.05%	–
XYL	Exit	XYLEM INC	$0	–	-27,374	–	-1.07%	–
BDX	Exit	BECTON DICKINSON	$0	–	-11,156	–	-1.11%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-58,336	–	-1.14%	–
NVDA	Exit	NVIDIA CORP	$0	–	-21,982	–	-1.19%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-46,873	–	-1.33%	–
DIS	Exit	DISNEY	$0	–	-33,779	–	-1.42%	–
TJX	Exit	TJX COS	$0	–	-51,436	–	-1.43%	–
UNH	Exit	UNITED HEALTH GROUP	$0	–	-6,359	–	-1.44%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-43,696	–	-1.49%	–
PEP	Exit	PEPSICO	$0	–	-22,088	–	-1.61%	–
HD	Exit	HOME DEPOT	$0	–	-13,400	–	-1.65%	–
AMZN	Exit	AMAZON.COM	$0	–	-33,585	–	-1.70%	–
XOM	Exit	EXXON MOBIL	$0	–	-43,819	–	-1.71%	–
ABBV	Exit	ABBVIE	$0	–	-30,200	–	-1.81%	–
FISV	Exit	FISERV	$0	–	-49,280	–	-2.06%	–
ATR	Exit	APTARGROUP	$0	–	-51,847	–	-2.20%	–
RTX	Exit	RAYTHEON TECHNOLOGIES	$0	–	-61,730	–	-2.26%	–
CVS	Exit	CVS HEALTH	$0	–	-54,588	–	-2.33%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-24,979	–	-2.40%	–
ADI	Exit	ANALOG DEVICES	$0	–	-41,894	–	-2.61%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-56,993	–	-2.74%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-60,398	–	-2.92%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-58,245	–	-3.29%	–
DHR	Exit	DANAHER CORP	$0	–	-28,945	–	-3.34%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-32,498	–	-3.38%	–
MA	Exit	MASTERCARD	$0	–	-27,060	–	-3.44%	–
ABT	Exit	ABBOTT LABS	$0	–	-81,571	–	-3.53%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-84,263	–	-3.60%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-52,650	–	-3.85%	–
AAPL	Exit	APPLE INC	$0	–	-82,371	–	-5.09%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-50,790	–	-5.14%	–

Q3 2022

			Value		Shares		↓ Weighting
ADP	Sell	AUTOMATIC DATA PROCESSING	$11,487,000	+5.8%	50,790	-1.7%	5.14%	+13.6%
AAPL	Sell	APPLE INC	$11,384,000	-1.1%	82,371	-2.2%	5.09%	+6.2%
JNJ	Sell	JOHNSON & JOHNSON	$8,601,000	-8.0%	52,650	-0.0%	3.85%	-1.3%
GOOGL	Buy	ALPHABET INC CL A	$8,059,000	-12.2%	84,263	+1900.1%	3.60%	-5.8%
ABT	Sell	ABBOTT LABS	$7,892,000	-11.1%	81,571	-0.1%	3.53%	-4.5%
MA	Sell	MASTERCARD	$7,695,000	-10.1%	27,060	-0.3%	3.44%	-3.5%
MSFT	Sell	MICROSOFT CORP	$7,569,000	-9.9%	32,498	-0.7%	3.38%	-3.3%
DHR	Sell	DANAHER CORP	$7,476,000	+0.8%	28,945	-1.0%	3.34%	+8.2%
PG	Buy	PROCTER & GAMBLE	$7,352,000	-12.1%	58,245	+0.1%	3.29%	-5.6%
CNI	Sell	CANADIAN NATL RAILWAY	$6,522,000	-4.1%	60,398	-0.1%	2.92%	+3.0%
NSRGY	Buy	NESTLE SA ADR	$6,133,000	-7.4%	56,993	+0.2%	2.74%	-0.5%
ADI	Sell	ANALOG DEVICES	$5,838,000	-5.7%	41,894	-1.1%	2.61%	+1.3%
ROK	Buy	ROCKWELL AUTOMATION	$5,373,000	+9.1%	24,979	+1.1%	2.40%	+17.2%
CVS	Sell	CVS HEALTH	$5,206,000	+2.7%	54,588	-0.2%	2.33%	+10.2%
RTX	Sell	RAYTHEON TECHNOLOGIES	$5,053,000	-14.8%	61,730	-0.0%	2.26%	-8.6%
ATR	Buy	APTARGROUP	$4,928,000	-7.3%	51,847	+0.7%	2.20%	-0.5%
FISV	Buy	FISERV	$4,611,000	+5.9%	49,280	+0.7%	2.06%	+13.7%
ABBV	Sell	ABBVIE	$4,053,000	-15.2%	30,200	-3.2%	1.81%	-8.9%
XOM	Sell	EXXON MOBIL	$3,826,000	+1.2%	43,819	-0.7%	1.71%	+8.6%
AMZN	Buy	AMAZON.COM	$3,795,000	+7.2%	33,585	+0.8%	1.70%	+15.1%
HD	Sell	HOME DEPOT	$3,697,000	-0.6%	13,400	-1.2%	1.65%	+6.6%
PEP	Sell	PEPSICO	$3,606,000	-3.2%	22,088	-1.2%	1.61%	+3.9%
NVS	Sell	NOVARTIS AG ADR	$3,322,000	-11.0%	43,696	-1.0%	1.49%	-4.4%
UNH	Buy	UNITED HEALTH GROUP	$3,212,000	-1.3%	6,359	+0.4%	1.44%	+6.0%
TJX	Buy	TJX COS	$3,195,000	+11.8%	51,436	+0.5%	1.43%	+20.0%
DIS	Buy	DISNEY	$3,187,000	+0.5%	33,779	+0.5%	1.42%	+7.9%
AMD	Buy	ADVANCED MICRO DEVICES INC	$2,971,000	-16.7%	46,873	+0.5%	1.33%	-10.5%
NVDA	Buy	NVIDIA CORP	$2,668,000	-13.2%	21,982	+8.5%	1.19%	-6.8%
UL	Sell	UNILEVER PLC NEW ADR	$2,557,000	-9.9%	58,336	-5.8%	1.14%	-3.2%
BDX	Sell	BECTON DICKINSON	$2,486,000	-11.0%	11,156	-1.5%	1.11%	-4.5%
XYL	Buy	XYLEM INC	$2,392,000	+12.0%	27,374	+0.2%	1.07%	+20.4%
LOW	Sell	LOWES COMPANIES	$2,357,000	+7.1%	12,550	-0.4%	1.05%	+14.9%
PYPL	Sell	PAYPAL HOLDINGS	$2,098,000	+21.2%	24,375	-1.6%	0.94%	+30.1%
HON	Sell	HONEYWELL INTL	$2,067,000	-7.2%	12,380	-3.4%	0.92%	-0.4%
CVX	Sell	CHEVRON	$1,932,000	-3.4%	13,440	-2.7%	0.86%	+3.7%
MDT	Buy	MEDTRONIC	$1,821,000	-0.2%	22,554	+10.9%	0.81%	+7.1%
SYK	Sell	STRYKER CORP	$1,745,000	-2.0%	8,618	-3.7%	0.78%	+5.1%
NKE	Sell	NIKE INC CLASS B	$1,644,000	-22.9%	19,782	-5.2%	0.74%	-17.2%
BMY	Sell	BRISTOL-MYERS SQUIBB	$1,587,000	-8.0%	22,325	-0.3%	0.71%	-1.3%
MRK	Sell	MERCK	$1,565,000	-5.7%	18,170	-0.1%	0.70%	+1.3%
UNP	Sell	UNION PACIFIC	$1,563,000	-13.2%	8,024	-4.9%	0.70%	-6.8%
AMGN	Sell	AMGEN INC	$1,520,000	-11.9%	6,743	-4.9%	0.68%	-5.4%
RDSMY	Sell	KONINKLIJKE DSM NV	$1,478,000	-47.6%	52,063	-33.7%	0.66%	-43.8%
NEE	Sell	NEXTERA ENERGY	$1,436,000	-1.6%	18,303	-2.8%	0.64%	+5.6%
RHHBY	Sell	ROCHE HLDG LTD ADR	$1,411,000	-3.4%	34,728	-0.9%	0.63%	+3.6%
ILMN	Sell	ILLUMINA	$1,374,000	-17.0%	7,201	-19.8%	0.61%	-10.9%
CHD	Sell	CHURCH & DWIGHT	$1,308,000	-23.2%	18,309	-0.4%	0.58%	-17.5%
ITW	Sell	ILLINOIS TOOL WORKS	$1,300,000	-2.4%	7,194	-1.6%	0.58%	+4.7%
COST	Sell	COSTCO WHOLESALE	$1,286,000	-5.0%	2,723	-3.5%	0.58%	+2.0%
INTC	Sell	INTEL CORP	$1,273,000	-40.5%	49,439	-13.5%	0.57%	-36.1%
EMR	Sell	EMERSON ELECTRIC	$1,132,000	-11.1%	15,459	-3.4%	0.51%	-4.7%
DEO	Sell	DIAGEO PLC SPSD ADR	$1,036,000	-7.0%	6,100	-4.7%	0.46%	-0.2%
SBUX	Sell	STARBUCKS	$1,005,000	+4.5%	11,931	-5.3%	0.45%	+12.0%
IWB	Sell	ISHARES RUSSELL 1000	$986,000	-16.4%	4,995	-12.1%	0.44%	-10.4%
CSCO	Sell	CISCO SYS INC	$807,000	-12.6%	20,168	-6.8%	0.36%	-6.2%
TT	Sell	TRANE TECHNOLOGIES PLC	$767,000	+7.4%	5,300	-3.6%	0.34%	+15.5%
QCOM	Sell	QUALCOMM	$687,000	-16.6%	6,084	-5.7%	0.31%	-10.5%
AVGO	Sell	BROADCOM INC	$671,000	-10.9%	1,510	-2.6%	0.30%	-4.5%
MMP	Sell	MAGELLAN MIDSTREAM LP	$658,000	-9.2%	13,843	-8.8%	0.29%	-2.6%
BXP	Sell	BOSTON PPTYS INC REIT	$645,000	-17.3%	8,612	-1.7%	0.29%	-11.4%
MCD	Sell	MCDONALDS CORP	$620,000	-12.1%	2,689	-5.8%	0.28%	-5.8%
GOOG	Buy	ALPHABET INC CL C	$558,000	-12.0%	5,800	+1900.0%	0.25%	-5.3%
PFE	Sell	PFIZER	$555,000	-16.5%	12,665	-0.1%	0.25%	-10.5%
KO	Sell	COCA COLA	$515,000	-12.9%	9,200	-2.1%	0.23%	-6.5%
	Sell	WCM FOCUSED INTERNATIONAL GROWequity mutual fu	$468,000	-18.6%	26,959	-11.4%	0.21%	-12.9%
YUM	Sell	YUM BRANDS	$447,000	-10.4%	4,200	-4.5%	0.20%	-3.8%
SYY	Sell	SYSCO	$438,000	-18.3%	6,181	-2.3%	0.20%	-12.1%
	New	JACOBS SOLUTIONS INC	$434,000	–	4,000	–	0.19%	–
VZ	Sell	VERIZON COMMUNICATIONS	$379,000	-31.3%	9,975	-8.3%	0.17%	-26.5%
EOG	Sell	EOG RESOURCES	$334,000	-2.1%	2,985	-3.2%	0.15%	+4.9%
	Sell	BNY MELLON INTERNATIONAL STOCKequity mutual fu	$322,000	-33.3%	17,626	-26.3%	0.14%	-28.4%
	Sell	NOVOZYMES A S DKK 2.0	$318,000	-26.9%	6,300	-13.1%	0.14%	-21.5%
TFX	Sell	TELEFLEX	$302,000	-31.8%	1,500	-16.7%	0.14%	-27.0%
COP	Sell	CONOCOPHILLIPS	$271,000	+12.9%	2,649	-0.9%	0.12%	+21.0%
WBA	Sell	WALGREEN BOOTS ALLIANCE INC	$233,000	-21.8%	7,400	-5.7%	0.10%	-16.1%
LLY	Sell	ELI LILLY & CO	$201,000	-7.4%	620	-7.5%	0.09%	0.0%
EW	Exit	EDWARDS LIFESCIENCES	$0	–	-2,370	–	-0.09%	–
CRM	Exit	SALESFORCE.COM	$0	–	-1,500	–	-0.10%	–
IP	Exit	INTL PAPER	$0	–	-6,000	–	-0.10%	–
J	Exit	JACOBS ENGINEERING GROUP INC	$0	–	-4,000	–	-0.21%	–

Q2 2022

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$11,513,000	–	84,203	–	4.80%	–
ADP	New	AUTOMATIC DATA PROCESSING	$10,854,000	–	51,678	–	4.52%	–
JNJ	New	JOHNSON & JOHNSON	$9,351,000	–	52,674	–	3.90%	–
GOOGL	New	ALPHABET INC CL A	$9,182,000	–	4,213	–	3.82%	–
ABT	New	ABBOTT LABS	$8,873,000	–	81,669	–	3.70%	–
MA	New	MASTERCARD	$8,559,000	–	27,132	–	3.57%	–
MSFT	New	MICROSOFT CORP	$8,401,000	–	32,711	–	3.50%	–
PG	New	PROCTER & GAMBLE	$8,364,000	–	58,174	–	3.48%	–
DHR	New	DANAHER CORP	$7,414,000	–	29,245	–	3.09%	–
CNI	New	CANADIAN NATL RAILWAY	$6,800,000	–	60,464	–	2.83%	–
NSRGY	New	NESTLE SA ADR	$6,621,000	–	56,888	–	2.76%	–
ADI	New	ANALOG DEVICES	$6,188,000	–	42,352	–	2.58%	–
RTX	New	RAYTHEON TECHNOLOGIES	$5,933,000	–	61,732	–	2.47%	–
ATR	New	APTARGROUP	$5,315,000	–	51,502	–	2.21%	–
CVS	New	CVS HEALTH	$5,069,000	–	54,703	–	2.11%	–
ROK	New	ROCKWELL AUTOMATION	$4,923,000	–	24,702	–	2.05%	–
ABBV	New	ABBVIE	$4,778,000	–	31,200	–	1.99%	–
FISV	New	FISERV	$4,354,000	–	48,931	–	1.81%	–
XOM	New	EXXON MOBIL	$3,780,000	–	44,139	–	1.58%	–
NVS	New	NOVARTIS AG ADR	$3,731,000	–	44,139	–	1.55%	–
PEP	New	PEPSICO	$3,726,000	–	22,354	–	1.55%	–
HD	New	HOME DEPOT	$3,721,000	–	13,568	–	1.55%	–
AMD	New	ADVANCED MICRO DEVICES INC	$3,565,000	–	46,625	–	1.48%	–
AMZN	New	AMAZON.COM	$3,539,000	–	33,325	–	1.47%	–
UNH	New	UNITED HEALTH GROUP	$3,253,000	–	6,332	–	1.36%	–
DIS	New	DISNEY	$3,172,000	–	33,596	–	1.32%	–
NVDA	New	NVIDIA CORP	$3,073,000	–	20,266	–	1.28%	–
TJX	New	TJX COS	$2,858,000	–	51,169	–	1.19%	–
UL	New	UNILEVER PLC NEW ADR	$2,837,000	–	61,895	–	1.18%	–
RDSMY	New	KONINKLIJKE DSM NV	$2,823,000	–	78,510	–	1.18%	–
BDX	New	BECTON DICKINSON	$2,793,000	–	11,331	–	1.16%	–
HON	New	HONEYWELL INTL	$2,227,000	–	12,815	–	0.93%	–
LOW	New	LOWES COMPANIES	$2,201,000	–	12,600	–	0.92%	–
INTC	New	INTEL CORP	$2,139,000	–	57,155	–	0.89%	–
XYL	New	XYLEM INC	$2,135,000	–	27,308	–	0.89%	–
NKE	New	NIKE INC CLASS B	$2,132,000	–	20,863	–	0.89%	–
ACN	New	ACCENTURE PLC SHS	$2,036,000	–	7,334	–	0.85%	–
CVX	New	CHEVRON	$2,000,000	–	13,815	–	0.83%	–
MDT	New	MEDTRONIC	$1,824,000	–	20,332	–	0.76%	–
UNP	New	UNION PACIFIC	$1,800,000	–	8,440	–	0.75%	–
SYK	New	STRYKER CORP	$1,780,000	–	8,950	–	0.74%	–
PYPL	New	PAYPAL HOLDINGS	$1,731,000	–	24,780	–	0.72%	–
BMY	New	BRISTOL-MYERS SQUIBB	$1,725,000	–	22,400	–	0.72%	–
AMGN	New	AMGEN INC	$1,726,000	–	7,093	–	0.72%	–
CHD	New	CHURCH & DWIGHT	$1,703,000	–	18,375	–	0.71%	–
MRK	New	MERCK	$1,659,000	–	18,185	–	0.69%	–
ILMN	New	ILLUMINA	$1,655,000	–	8,977	–	0.69%	–
JPM	New	JPMORGAN CHASE	$1,633,000	–	14,497	–	0.68%	–
RHHBY	New	ROCHE HLDG LTD ADR	$1,461,000	–	35,028	–	0.61%	–
NEE	New	NEXTERA ENERGY	$1,459,000	–	18,835	–	0.61%	–
COST	New	COSTCO WHOLESALE	$1,353,000	–	2,823	–	0.56%	–
ITW	New	ILLINOIS TOOL WORKS	$1,332,000	–	7,310	–	0.56%	–
ECL	New	ECOLAB INC	$1,330,000	–	8,650	–	0.55%	–
EMR	New	EMERSON ELECTRIC	$1,274,000	–	16,005	–	0.53%	–
IWB	New	ISHARES RUSSELL 1000	$1,180,000	–	5,681	–	0.49%	–
DEO	New	DIAGEO PLC SPSD ADR	$1,114,000	–	6,400	–	0.46%	–
ORCL	New	ORACLE	$1,059,000	–	15,150	–	0.44%	–
ADBE	New	ADOBE SYS	$1,007,000	–	2,750	–	0.42%	–
SBUX	New	STARBUCKS	$962,000	–	12,597	–	0.40%	–
CSCO	New	CISCO SYS INC	$923,000	–	21,650	–	0.38%	–
CL	New	COLGATE-PALMOLIVE	$824,000	–	10,280	–	0.34%	–
QCOM	New	QUALCOMM	$824,000	–	6,450	–	0.34%	–
BXP	New	BOSTON PPTYS INC REIT	$780,000	–	8,762	–	0.32%	–
PBA	New	PEMBINA PIPELINE CO	$770,000	–	21,798	–	0.32%	–
AVGO	New	BROADCOM INC	$753,000	–	1,550	–	0.31%	–
MMP	New	MAGELLAN MIDSTREAM LP	$725,000	–	15,175	–	0.30%	–
TT	New	TRANE TECHNOLOGIES PLC	$714,000	–	5,500	–	0.30%	–
MCD	New	MCDONALDS CORP	$705,000	–	2,855	–	0.29%	–
PFE	New	PFIZER	$665,000	–	12,680	–	0.28%	–
GOOG	New	ALPHABET INC CL C	$634,000	–	290	–	0.26%	–
WM	New	WASTE MANAGEMENT INC	$597,000	–	3,900	–	0.25%	–
KO	New	COCA COLA	$591,000	–	9,400	–	0.25%	–
	New	WCM FOCUSED INTERNATIONAL GROWequity mutual fu	$575,000	–	30,441	–	0.24%	–
VZ	New	VERIZON COMMUNICATIONS	$552,000	–	10,875	–	0.23%	–
SYY	New	SYSCO	$536,000	–	6,325	–	0.22%	–
J	New	JACOBS ENGINEERING GROUP INC	$509,000	–	4,000	–	0.21%	–
CMCSA	New	COMCAST CORP NEW CL A	$501,000	–	12,780	–	0.21%	–
YUM	New	YUM BRANDS	$499,000	–	4,400	–	0.21%	–
	New	BNY MELLON INTERNATIONAL STOCKequity mutual fu	$483,000	–	23,914	–	0.20%	–
TFX	New	TELEFLEX	$443,000	–	1,800	–	0.18%	–
	New	NOVOZYMES A S DKK 2.0	$435,000	–	7,250	–	0.18%	–
TXN	New	TEXAS INSTRUMENTS	$399,000	–	2,600	–	0.17%	–
CI	New	CIGNA CORP NEW	$382,000	–	1,450	–	0.16%	–
DE	New	DEERE & CO	$376,000	–	1,255	–	0.16%	–
EOG	New	EOG RESOURCES	$341,000	–	3,085	–	0.14%	–
GILD	New	GILEAD SCIENCES	$328,000	–	5,300	–	0.14%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$298,000	–	7,850	–	0.12%	–
PAYX	New	PAYCHEX	$262,000	–	2,300	–	0.11%	–
IR	New	INGERSOLL RAND INC	$260,000	–	6,176	–	0.11%	–
IP	New	INTL PAPER	$251,000	–	6,000	–	0.10%	–
CRM	New	SALESFORCE.COM	$248,000	–	1,500	–	0.10%	–
NVO	New	NOVO NORDISK A S ADR	$245,000	–	2,200	–	0.10%	–
SPY	New	SPDR S&P 500 ETF	$243,000	–	645	–	0.10%	–
APD	New	AIR PRODUCTS & CHEM	$240,000	–	1,000	–	0.10%	–
COP	New	CONOCOPHILLIPS	$240,000	–	2,674	–	0.10%	–
CB	New	CHUBB LIMITED	$236,000	–	1,200	–	0.10%	–
EW	New	EDWARDS LIFESCIENCES	$225,000	–	2,370	–	0.09%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$218,000	–	800	–	0.09%	–
LLY	New	ELI LILLY & CO	$217,000	–	670	–	0.09%	–

Q4 2021

			Value		Shares		↓ Weighting
IFF	Exit	INT'L FLAVORS & FRAGRANCES	$0	–	-1,525	–	-0.08%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-3,064	–	-0.08%	–
CB	Exit	CHUBB LIMITED	$0	–	-1,200	–	-0.08%	–
DOW	Exit	DOW CHEMICAL COMPANY	$0	–	-3,700	–	-0.08%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL B	$0	–	-800	–	-0.08%	–
NVO	Exit	NOVO NORDISK A S ADR	$0	–	-2,500	–	-0.09%	–
ALLE	Exit	ALLEGION PLC	$0	–	-1,900	–	-0.09%	–
APD	Exit	AIR PRODUCTS & CHEM	$0	–	-1,000	–	-0.09%	–
CARR	Exit	CARRIER GLOBAL	$0	–	-5,175	–	-0.10%	–
PAYX	Exit	PAYCHEX	$0	–	-2,500	–	-0.10%	–
CI	Exit	CIGNA CORP NEW	$0	–	-1,450	–	-0.11%	–
EOG	Exit	EOG RESOURCES	$0	–	-3,605	–	-0.11%	–
IR	Exit	INGERSOLL RAND INC	$0	–	-6,176	–	-0.11%	–
	Exit	EATON VANCE ATLANTA CAPITAL SMequity mutual fu	$0	–	-8,000	–	-0.12%	–
IP	Exit	INTL PAPER	$0	–	-6,000	–	-0.12%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-7,850	–	-0.14%	–
CRM	Exit	SALESFORCE.COM	$0	–	-1,500	–	-0.15%	–
DE	Exit	DEERE & CO	$0	–	-1,255	–	-0.15%	–
SYY	Exit	SYSCO	$0	–	-6,325	–	-0.18%	–
KO	Exit	COCA COLA	$0	–	-9,700	–	-0.19%	–
J	Exit	JACOBS ENGINEERING GROUP INC	$0	–	-4,000	–	-0.19%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-2,800	–	-0.20%	–
PFE	Exit	PFIZER	$0	–	-12,755	–	-0.20%	–
YUM	Exit	YUM BRANDS	$0	–	-4,500	–	-0.20%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-8,100	–	-0.21%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-3,900	–	-0.21%	–
MMM	Exit	3M	$0	–	-3,655	–	-0.24%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-12,012	–	-0.24%	–
	Exit	BNY MELLON INTERNATIONAL STOCKequity mutual fu	$0	–	-26,374	–	-0.25%	–
MCD	Exit	MCDONALDS CORP	$0	–	-2,875	–	-0.25%	–
MMP	Exit	MAGELLAN MIDSTREAM LP	$0	–	-15,175	–	-0.25%	–
TFX	Exit	TELEFLEX	$0	–	-1,850	–	-0.26%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-10,190	–	-0.28%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-24,550	–	-0.28%	–
AVGO	Exit	BROADCOM INC	$0	–	-1,650	–	-0.29%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-14,600	–	-0.30%	–
	Exit	WCM FOCUSED INTERNATIONAL GROWequity mutual fu	$0	–	-30,389	–	-0.30%	–
QCOM	Exit	QUALCOMM	$0	–	-6,550	–	-0.31%	–
BXP	Exit	BOSTON PPTYS INC REIT	$0	–	-8,762	–	-0.35%	–
TT	Exit	TRANE TECHNOLOGIES PLC	$0	–	-6,000	–	-0.38%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-408	–	-0.40%	–
IWB	Exit	ISHARES RUSSELL 1000	$0	–	-4,686	–	-0.42%	–
COST	Exit	COSTCO WHOLESALE	$0	–	-2,863	–	-0.47%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-22,400	–	-0.49%	–
DEO	Exit	DIAGEO PLC SPSD ADR	$0	–	-7,065	–	-0.50%	–
CSCO	Exit	CISCO SYS INC	$0	–	-25,300	–	-0.50%	–
SBUX	Exit	STARBUCKS	$0	–	-12,650	–	-0.51%	–
MRK	Exit	MERCK	$0	–	-18,585	–	-0.51%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-21,085	–	-0.53%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-18,835	–	-0.54%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-7,310	–	-0.55%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-16,025	–	-0.55%	–
CVX	Exit	CHEVRON	$0	–	-15,245	–	-0.57%	–
CHD	Exit	CHURCH & DWIGHT	$0	–	-18,775	–	-0.57%	–
ADBE	Exit	ADOBE SYS	$0	–	-2,750	–	-0.58%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-35,029	–	-0.58%	–
ORCL	Exit	ORACLE	$0	–	-18,475	–	-0.59%	–
AMGN	Exit	AMGEN INC	$0	–	-7,853	–	-0.61%	–
ECL	Exit	ECOLAB INC	$0	–	-8,650	–	-0.66%	–
UNP	Exit	UNION PACIFIC	$0	–	-9,440	–	-0.68%	–
UNH	Exit	UNITED HEALTH GROUP	$0	–	-6,021	–	-0.86%	–
SYK	Exit	STRYKER CORP	$0	–	-8,950	–	-0.86%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-16,271	–	-0.87%	–
JPM	Exit	JPMORGAN CHASE	$0	–	-15,054	–	-0.90%	–
ACN	Exit	ACCENTURE PLC SHS	$0	–	-7,834	–	-0.92%	–
XOM	Exit	EXXON MOBIL	$0	–	-46,314	–	-1.00%	–
HON	Exit	HONEYWELL INTL	$0	–	-13,635	–	-1.06%	–
TJX	Exit	TJX COS	$0	–	-46,074	–	-1.11%	–
RDSMY	Exit	KONINKLIJKE DSM NV	$0	–	-61,025	–	-1.12%	–
LOW	Exit	LOWES COMPANIES	$0	–	-15,450	–	-1.15%	–
NVDA	Exit	NVIDIA CORP	$0	–	-15,395	–	-1.17%	–
ILMN	Exit	ILLUMINA	$0	–	-7,978	–	-1.19%	–
BDX	Exit	BECTON DICKINSON	$0	–	-13,446	–	-1.21%	–
XYL	Exit	XYLEM INC	$0	–	-27,060	–	-1.23%	–
PEP	Exit	PEPSICO	$0	–	-22,354	–	-1.23%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-62,726	–	-1.25%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-45,911	–	-1.38%	–
ABBV	Exit	ABBVIE	$0	–	-35,235	–	-1.39%	–
XLNX	Exit	XILINX	$0	–	-29,000	–	-1.60%	–
HD	Exit	HOME DEPOT	$0	–	-14,092	–	-1.70%	–
CVS	Exit	CVS HEALTH	$0	–	-54,600	–	-1.70%	–
INTC	Exit	INTEL CORP	$0	–	-87,292	–	-1.70%	–
PYPL	Exit	PAYPAL HOLDINGS	$0	–	-19,412	–	-1.85%	–
RTX	Exit	RAYTHEON TECHNOLOGIES	$0	–	-59,468	–	-1.87%	–
FISV	Exit	FISERV	$0	–	-47,710	–	-1.90%	–
DIS	Exit	DISNEY	$0	–	-31,279	–	-1.94%	–
AMZN	Exit	AMAZON.COM	$0	–	-1,625	–	-1.96%	–
ATR	Exit	APTARGROUP	$0	–	-50,246	–	-2.20%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-56,638	–	-2.50%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-58,980	–	-2.50%	–
ADI	Exit	ANALOG DEVICES	$0	–	-42,759	–	-2.62%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-24,516	–	-2.64%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-58,799	–	-3.01%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-52,554	–	-3.11%	–
DHR	Exit	DANAHER CORP	$0	–	-30,434	–	-3.40%	–
MA	Exit	MASTERCARD	$0	–	-27,092	–	-3.45%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-34,638	–	-3.58%	–
ABT	Exit	ABBOTT LABS	$0	–	-83,212	–	-3.60%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-52,125	–	-3.82%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-4,487	–	-4.40%	–
AAPL	Exit	APPLE INC	$0	–	-92,758	–	-4.81%	–

Q3 2021

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$13,126,000	+1.3%	92,758	-2.0%	4.81%	+0.3%
GOOGL	Sell	ALPHABET INC CL A	$11,997,000	+6.6%	4,487	-2.6%	4.40%	+5.6%
ADP	Buy	AUTOMATIC DATA PROCESSING	$10,422,000	+3.4%	52,125	+2.7%	3.82%	+2.3%
ABT	Buy	ABBOTT LABS	$9,830,000	+3.8%	83,212	+1.9%	3.60%	+2.7%
MSFT	Sell	MICROSOFT CORP	$9,765,000	+0.1%	34,638	-3.8%	3.58%	-0.9%
MA	Buy	MASTERCARD	$9,420,000	-3.3%	27,092	+1.6%	3.45%	-4.2%
DHR	Sell	DANAHER CORP	$9,265,000	+11.5%	30,434	-1.7%	3.40%	+10.3%
JNJ	Buy	JOHNSON & JOHNSON	$8,487,000	+0.6%	52,554	+2.6%	3.11%	-0.4%
PG	Buy	PROCTER & GAMBLE	$8,220,000	+7.0%	58,799	+3.2%	3.01%	+5.9%
ROK	Buy	ROCKWELL AUTOMATION	$7,209,000	+7.6%	24,516	+4.6%	2.64%	+6.5%
ADI	Buy	ANALOG DEVICES	$7,162,000	+1.6%	42,759	+4.5%	2.62%	+0.6%
CNI	Buy	CANADIAN NATL RAILWAY	$6,821,000	+20.4%	58,980	+9.8%	2.50%	+19.2%
NSRGY	Buy	NESTLE SA ADR	$6,809,000	+0.5%	56,638	+4.3%	2.50%	-0.5%
ATR	Buy	APTARGROUP	$5,997,000	-12.1%	50,246	+3.7%	2.20%	-13.0%
AMZN	Buy	AMAZON.COM	$5,338,000	-1.0%	1,625	+3.7%	1.96%	-2.0%
DIS	Buy	DISNEY	$5,292,000	+2.7%	31,279	+6.7%	1.94%	+1.7%
FISV	Buy	FISERV	$5,176,000	+5.7%	47,710	+4.1%	1.90%	+4.6%
RTX	Buy	RAYTHEON TECHNOLOGIES	$5,112,000	+5.4%	59,468	+4.6%	1.87%	+4.3%
PYPL	Buy	PAYPAL HOLDINGS	$5,051,000	-7.9%	19,412	+3.2%	1.85%	-8.8%
INTC	Sell	INTEL CORP	$4,651,000	-11.3%	87,292	-6.5%	1.70%	-12.2%
CVS	Buy	CVS HEALTH	$4,633,000	+5.5%	54,600	+3.7%	1.70%	+4.4%
HD	Buy	HOME DEPOT	$4,626,000	+3.9%	14,092	+0.9%	1.70%	+2.9%
XLNX	Buy	XILINX	$4,378,000	+9.6%	29,000	+5.0%	1.60%	+8.5%
ABBV	Sell	ABBVIE	$3,801,000	-4.5%	35,235	-0.3%	1.39%	-5.5%
NVS	Buy	NOVARTIS AG ADR	$3,755,000	-6.9%	45,911	+3.8%	1.38%	-7.8%
UL	Buy	UNILEVER PLC NEW ADR	$3,401,000	+0.9%	62,726	+8.9%	1.25%	-0.1%
XYL	Buy	XYLEM INC	$3,346,000	+10.9%	27,060	+7.6%	1.23%	+9.8%
BDX	Buy	BECTON DICKINSON	$3,305,000	+12.5%	13,446	+11.4%	1.21%	+11.4%
ILMN	Buy	ILLUMINA	$3,236,000	-11.7%	7,978	+3.0%	1.19%	-12.6%
NVDA	Buy	NVIDIA CORP	$3,189,000	-4.9%	15,395	+267.4%	1.17%	-5.8%
LOW	Sell	LOWES COMPANIES	$3,134,000	-1.2%	15,450	-5.5%	1.15%	-2.2%
RDSMY	Buy	KONINKLIJKE DSM NV	$3,050,000	+34.2%	61,025	+25.6%	1.12%	+32.9%
TJX	Buy	TJX COS	$3,039,000	+10.8%	46,074	+13.2%	1.11%	+9.6%
HON	Buy	HONEYWELL INTL	$2,895,000	+3.9%	13,635	+7.4%	1.06%	+2.9%
XOM	Sell	EXXON MOBIL	$2,724,000	-7.4%	46,314	-0.8%	1.00%	-8.4%
ACN	Sell	ACCENTURE PLC SHS	$2,506,000	+3.8%	7,834	-4.3%	0.92%	+2.7%
JPM	Sell	JPMORGAN CHASE	$2,464,000	+1.8%	15,054	-3.2%	0.90%	+0.8%
NKE	Buy	NIKE INC CLASS B	$2,363,000	-2.4%	16,271	+3.8%	0.87%	-3.3%
SYK	Sell	STRYKER CORP	$2,360,000	-1.8%	8,950	-3.2%	0.86%	-2.7%
UNH	Buy	UNITED HEALTH GROUP	$2,353,000	+3.3%	6,021	+5.9%	0.86%	+2.3%
AMGN	Sell	AMGEN INC	$1,670,000	-22.6%	7,853	-11.3%	0.61%	-23.4%
ORCL	Sell	ORACLE	$1,610,000	+11.8%	18,475	-0.1%	0.59%	+10.7%
CHD	Sell	CHURCH & DWIGHT	$1,550,000	-3.7%	18,775	-0.5%	0.57%	-4.7%
CVX	Buy	CHEVRON	$1,546,000	+1.4%	15,245	+4.7%	0.57%	+0.5%
ITW	Buy	ILLINOIS TOOL WORKS	$1,510,000	+2.2%	7,310	+10.6%	0.55%	+1.1%
EMR	Sell	EMERSON ELECTRIC	$1,510,000	-6.8%	16,025	-4.8%	0.55%	-7.8%
NEE	Buy	NEXTERA ENERGY	$1,479,000	+7.6%	18,835	+0.4%	0.54%	+6.5%
	Sell	NOVOZYMES A S DKK 2.0	$1,441,000	-21.7%	21,085	-13.8%	0.53%	-22.5%
MRK	Sell	MERCK	$1,397,000	-3.9%	18,585	-0.5%	0.51%	-4.8%
CSCO	Sell	CISCO SYS INC	$1,377,000	-1.7%	25,300	-4.3%	0.50%	-2.7%
BMY	Buy	BRISTOL-MYERS SQUIBB	$1,326,000	-9.2%	22,400	+2.5%	0.49%	-10.0%
IWB	Sell	ISHARES RUSSELL 1000	$1,133,000	-7.1%	4,686	-6.9%	0.42%	-8.0%
GOOG	Sell	ALPHABET INC CL C	$1,087,000	-1.5%	408	-7.3%	0.40%	-2.5%
TT	Sell	TRANE TECHNOLOGIES PLC	$1,036,000	-12.1%	6,000	-6.2%	0.38%	-12.8%
CMCSA	Sell	COMCAST CORP NEW CL A	$817,000	-9.3%	14,600	-7.6%	0.30%	-10.5%
CL	Buy	COLGATE-PALMOLIVE	$770,000	-3.1%	10,190	+4.3%	0.28%	-4.1%
TFX	Sell	TELEFLEX	$697,000	-13.3%	1,850	-7.5%	0.26%	-14.4%
MCD	Sell	MCDONALDS CORP	$693,000	+3.4%	2,875	-0.9%	0.25%	+2.4%
VZ	Buy	VERIZON COMMUNICATIONS	$649,000	-3.3%	12,012	+0.3%	0.24%	-4.0%
MMM	Sell	3M	$641,000	-62.3%	3,655	-57.3%	0.24%	-62.6%
GILD	Buy	GILEAD SCIENCES	$566,000	+9.7%	8,100	+8.0%	0.21%	+8.4%
TXN	Sell	TEXAS INSTRUMENTS	$538,000	-6.8%	2,800	-6.7%	0.20%	-7.9%
KO	Buy	COCA COLA	$509,000	+10.9%	9,700	+14.4%	0.19%	+10.0%
DE	Sell	DEERE & CO	$420,000	-7.1%	1,255	-2.0%	0.15%	-7.8%
CI	Sell	CIGNA CORP NEW	$290,000	-25.8%	1,450	-12.1%	0.11%	-26.9%
EOG	Sell	EOG RESOURCES	$289,000	-4.6%	3,605	-0.7%	0.11%	-5.4%
NVO	New	NOVO NORDISK A S ADR	$240,000	–	2,500	–	0.09%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$218,000	–	800	–	0.08%	–
DOW	Sell	DOW CHEMICAL COMPANY	$214,000	-12.3%	3,700	-3.9%	0.08%	-13.3%
CB	Sell	CHUBB LIMITED	$208,000	-23.5%	1,200	-29.9%	0.08%	-24.8%
COP	New	CONOCOPHILLIPS	$208,000	–	3,064	–	0.08%	–

Q2 2021

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$12,962,000	–	94,643	–	4.80%	–
GOOGL	New	ALPHABET INC CL A	$11,250,000	–	4,607	–	4.16%	–
ADP	New	AUTOMATIC DATA PROCESSING	$10,081,000	–	50,757	–	3.73%	–
MSFT	New	MICROSOFT CORP	$9,755,000	–	36,007	–	3.61%	–
MA	New	MASTERCARD	$9,738,000	–	26,672	–	3.60%	–
ABT	New	ABBOTT LABS	$9,471,000	–	81,697	–	3.51%	–
JNJ	New	JOHNSON & JOHNSON	$8,434,000	–	51,198	–	3.12%	–
DHR	New	DANAHER CORP	$8,312,000	–	30,971	–	3.08%	–
PG	New	PROCTER & GAMBLE	$7,685,000	–	56,958	–	2.84%	–
ADI	New	ANALOG DEVICES	$7,046,000	–	40,922	–	2.61%	–
ATR	New	APTARGROUP	$6,824,000	–	48,451	–	2.53%	–
NSRGY	New	NESTLE SA ADR	$6,776,000	–	54,323	–	2.51%	–
ROK	New	ROCKWELL AUTOMATION	$6,701,000	–	23,431	–	2.48%	–
CNI	New	CANADIAN NATL RAILWAY	$5,667,000	–	53,705	–	2.10%	–
PYPL	New	PAYPAL HOLDINGS	$5,485,000	–	18,816	–	2.03%	–
AMZN	New	AMAZON.COM	$5,391,000	–	1,567	–	2.00%	–
INTC	New	INTEL CORP	$5,241,000	–	93,363	–	1.94%	–
DIS	New	DISNEY	$5,151,000	–	29,302	–	1.91%	–
FISV	New	FISERV	$4,898,000	–	45,820	–	1.81%	–
RTX	New	RAYTHEON TECHNOLOGIES	$4,852,000	–	56,868	–	1.80%	–
HD	New	HOME DEPOT	$4,453,000	–	13,962	–	1.65%	–
CVS	New	CVS HEALTH	$4,393,000	–	52,655	–	1.63%	–
NVS	New	NOVARTIS AG ADR	$4,034,000	–	44,226	–	1.49%	–
XLNX	New	XILINX	$3,994,000	–	27,620	–	1.48%	–
ABBV	New	ABBVIE	$3,981,000	–	35,350	–	1.47%	–
ILMN	New	ILLUMINA	$3,666,000	–	7,748	–	1.36%	–
UL	New	UNILEVER PLC NEW ADR	$3,370,000	–	57,596	–	1.25%	–
NVDA	New	NVIDIA CORP	$3,352,000	–	4,190	–	1.24%	–
PEP	New	PEPSICO	$3,311,000	–	22,354	–	1.23%	–
LOW	New	LOWES COMPANIES	$3,171,000	–	16,350	–	1.17%	–
XYL	New	XYLEM INC	$3,018,000	–	25,160	–	1.12%	–
XOM	New	EXXON MOBIL	$2,943,000	–	46,664	–	1.09%	–
BDX	New	BECTON DICKINSON	$2,937,000	–	12,075	–	1.09%	–
HON	New	HONEYWELL INTL	$2,785,000	–	12,695	–	1.03%	–
TJX	New	TJX COS	$2,744,000	–	40,704	–	1.02%	–
NKE	New	NIKE INC CLASS B	$2,421,000	–	15,670	–	0.90%	–
JPM	New	JPMORGAN CHASE	$2,420,000	–	15,558	–	0.90%	–
ACN	New	ACCENTURE PLC SHS	$2,414,000	–	8,189	–	0.89%	–
SYK	New	STRYKER CORP	$2,403,000	–	9,250	–	0.89%	–
UNH	New	UNITED HEALTH GROUP	$2,277,000	–	5,686	–	0.84%	–
RDSMY	New	KONINKLIJKE DSM NV	$2,273,000	–	48,580	–	0.84%	–
AMGN	New	AMGEN INC	$2,158,000	–	8,853	–	0.80%	–
UNP	New	UNION PACIFIC	$2,077,000	–	9,440	–	0.77%	–
	New	NOVOZYMES A S DKK 2.0	$1,840,000	–	24,452	–	0.68%	–
ECL	New	ECOLAB INC	$1,782,000	–	8,650	–	0.66%	–
MMM	New	3M	$1,700,000	–	8,565	–	0.63%	–
RHHBY	New	ROCHE HLDG LTD ADR	$1,645,000	–	35,029	–	0.61%	–
EMR	New	EMERSON ELECTRIC	$1,620,000	–	16,835	–	0.60%	–
CHD	New	CHURCH & DWIGHT	$1,609,000	–	18,875	–	0.60%	–
ADBE	New	ADOBE SYS	$1,611,000	–	2,750	–	0.60%	–
CVX	New	CHEVRON	$1,524,000	–	14,562	–	0.56%	–
ITW	New	ILLINOIS TOOL WORKS	$1,478,000	–	6,610	–	0.55%	–
BMY	New	BRISTOL-MYERS SQUIBB	$1,460,000	–	21,850	–	0.54%	–
MRK	New	MERCK	$1,453,000	–	18,685	–	0.54%	–
ORCL	New	ORACLE	$1,440,000	–	18,500	–	0.53%	–
SBUX	New	STARBUCKS	$1,414,000	–	12,650	–	0.52%	–
CSCO	New	CISCO SYS INC	$1,401,000	–	26,425	–	0.52%	–
NEE	New	NEXTERA ENERGY	$1,375,000	–	18,760	–	0.51%	–
DEO	New	DIAGEO PLC SPSD ADR	$1,354,000	–	7,065	–	0.50%	–
IWB	New	ISHARES RUSSELL 1000	$1,219,000	–	5,036	–	0.45%	–
TT	New	TRANE TECHNOLOGIES PLC	$1,178,000	–	6,400	–	0.44%	–
COST	New	COSTCO WHOLESALE	$1,133,000	–	2,863	–	0.42%	–
GOOG	New	ALPHABET INC CL C	$1,103,000	–	440	–	0.41%	–
BXP	New	BOSTON PPTYS INC REIT	$1,004,000	–	8,762	–	0.37%	–
QCOM	New	QUALCOMM	$936,000	–	6,550	–	0.35%	–
CMCSA	New	COMCAST CORP NEW CL A	$901,000	–	15,800	–	0.33%	–
	New	WCM FOCUSED INTERNATIONAL GROWequity mutual fu	$832,000	–	30,389	–	0.31%	–
TFX	New	TELEFLEX	$804,000	–	2,000	–	0.30%	–
CL	New	COLGATE-PALMOLIVE	$795,000	–	9,774	–	0.29%	–
AVGO	New	BROADCOM INC	$787,000	–	1,650	–	0.29%	–
PBA	New	PEMBINA PIPELINE CO	$780,000	–	24,550	–	0.29%	–
MMP	New	MAGELLAN MIDSTREAM LP	$742,000	–	15,175	–	0.28%	–
	New	BNY MELLON INTERNATIONAL STOCKequity mutual fu	$685,000	–	26,374	–	0.25%	–
VZ	New	VERIZON COMMUNICATIONS	$671,000	–	11,976	–	0.25%	–
MCD	New	MCDONALDS CORP	$670,000	–	2,900	–	0.25%	–
TXN	New	TEXAS INSTRUMENTS	$577,000	–	3,000	–	0.21%	–
WM	New	WASTE MANAGEMENT INC	$546,000	–	3,900	–	0.20%	–
J	New	JACOBS ENGINEERING GROUP INC	$534,000	–	4,000	–	0.20%	–
YUM	New	YUM BRANDS	$518,000	–	4,500	–	0.19%	–
GILD	New	GILEAD SCIENCES	$516,000	–	7,500	–	0.19%	–
PFE	New	PFIZER	$499,000	–	12,755	–	0.18%	–
SYY	New	SYSCO	$492,000	–	6,325	–	0.18%	–
KO	New	COCA COLA	$459,000	–	8,480	–	0.17%	–
DE	New	DEERE & CO	$452,000	–	1,280	–	0.17%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$413,000	–	7,850	–	0.15%	–
CI	New	CIGNA CORP NEW	$391,000	–	1,650	–	0.14%	–
IP	New	INTL PAPER	$368,000	–	6,000	–	0.14%	–
CRM	New	SALESFORCE.COM	$366,000	–	1,500	–	0.14%	–
	New	EATON VANCE ATLANTA CAPITAL SMequity mutual fu	$343,000	–	8,000	–	0.13%	–
EOG	New	EOG RESOURCES	$303,000	–	3,630	–	0.11%	–
IR	New	INGERSOLL RAND INC	$301,000	–	6,176	–	0.11%	–
APD	New	AIR PRODUCTS & CHEM	$288,000	–	1,000	–	0.11%	–
CB	New	CHUBB LIMITED	$272,000	–	1,713	–	0.10%	–
PAYX	New	PAYCHEX	$268,000	–	2,500	–	0.10%	–
ALLE	New	ALLEGION PLC	$265,000	–	1,900	–	0.10%	–
CARR	New	CARRIER GLOBAL	$252,000	–	5,175	–	0.09%	–
DOW	New	DOW CHEMICAL COMPANY	$244,000	–	3,850	–	0.09%	–
IFF	New	INT'L FLAVORS & FRAGRANCES	$227,000	–	1,525	–	0.08%	–

Q4 2020

			Value		Shares		↓ Weighting
EPD	Exit	ENTERPRISE PRODUCTS PTNR	$0	–	-12,000	–	-0.08%	–
PAYX	Exit	PAYCHEX	$0	–	-2,650	–	-0.09%	–
DOW	Exit	DOW CHEMICAL COMPANY	$0	–	-4,587	–	-0.10%	–
IR	Exit	INGERSOLL RAND INC	$0	–	-6,176	–	-0.10%	–
CARR	Exit	CARRIER GLOBAL	$0	–	-7,355	–	-0.10%	–
OTIS	Exit	OTIS WORLDWIDE	$0	–	-3,677	–	-0.10%	–
WMT	Exit	WAL-MART STORES	$0	–	-1,690	–	-0.10%	–
IP	Exit	INTL PAPER	$0	–	-6,000	–	-0.11%	–
ALLE	Exit	ALLEGION PLC	$0	–	-2,500	–	-0.11%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-4,700	–	-0.11%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-7,850	–	-0.12%	–
CI	Exit	CIGNA CORP NEW	$0	–	-1,700	–	-0.13%	–
APD	Exit	AIR PRODUCTS & CHEM	$0	–	-1,000	–	-0.13%	–
	Exit	EATON VANCE ATLANTA CAPITAL SMequity mutual fu	$0	–	-9,783	–	-0.15%	–
DE	Exit	DEERE & CO	$0	–	-1,515	–	-0.15%	–
BXP	Exit	BOSTON PPTYS INC REIT	$0	–	-4,400	–	-0.16%	–
CRM	Exit	SALESFORCE.COM	$0	–	-1,500	–	-0.17%	–
YUM	Exit	YUM BRANDS	$0	–	-4,500	–	-0.18%	–
J	Exit	JACOBS ENGINEERING GROUP INC	$0	–	-4,500	–	-0.18%	–
KO	Exit	COCA COLA	$0	–	-8,480	–	-0.18%	–
SYY	Exit	SYSCO	$0	–	-6,980	–	-0.19%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-3,900	–	-0.19%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-3,200	–	-0.20%	–
PFE	Exit	PFIZER	$0	–	-12,755	–	-0.21%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-26,000	–	-0.24%	–
MMP	Exit	MAGELLAN MIDSTREAM LP	$0	–	-16,175	–	-0.24%	–
AVGO	Exit	BROADCOM INC	$0	–	-1,650	–	-0.26%	–
MCD	Exit	MCDONALDS CORP	$0	–	-2,900	–	-0.28%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-455	–	-0.29%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-11,000	–	-0.31%	–
TFX	Exit	TELEFLEX	$0	–	-2,250	–	-0.34%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-17,300	–	-0.35%	–
TT	Exit	TRANE TECHNOLOGIES PLC	$0	–	-6,800	–	-0.36%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-14,479	–	-0.38%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-12,194	–	-0.41%	–
QCOM	Exit	QUALCOMM	$0	–	-8,260	–	-0.43%	–
DEO	Exit	DIAGEO PLC SPSD ADR	$0	–	-7,140	–	-0.43%	–
COST	Exit	COSTCO WHOLESALE	$0	–	-3,037	–	-0.47%	–
SBUX	Exit	STARBUCKS	$0	–	-12,650	–	-0.48%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-17,910	–	-0.52%	–
CSCO	Exit	CISCO SYS INC	$0	–	-30,050	–	-0.52%	–
ORCL	Exit	ORACLE	$0	–	-20,800	–	-0.55%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-6,610	–	-0.56%	–
CVX	Exit	CHEVRON	$0	–	-17,892	–	-0.57%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-4,690	–	-0.57%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-21,850	–	-0.58%	–
ADBE	Exit	ADOBE SYS	$0	–	-2,750	–	-0.59%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-11,110	–	-0.61%	–
TJX	Exit	TJX COS	$0	–	-26,062	–	-0.64%	–
UNH	Exit	UNITED HEALTH GROUP	$0	–	-4,670	–	-0.64%	–
MRK	Exit	MERCK	$0	–	-19,000	–	-0.69%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-37,300	–	-0.70%	–
JPM	Exit	JPMORGAN CHASE	$0	–	-17,316	–	-0.73%	–
CHD	Exit	CHURCH & DWIGHT	$0	–	-18,875	–	-0.78%	–
HON	Exit	HONEYWELL INTL	$0	–	-10,890	–	-0.79%	–
XOM	Exit	EXXON MOBIL	$0	–	-52,851	–	-0.80%	–
ECL	Exit	ECOLAB INC	$0	–	-9,400	–	-0.83%	–
SYK	Exit	STRYKER CORP	$0	–	-9,270	–	-0.85%	–
ACN	Exit	ACCENTURE PLC SHS	$0	–	-8,684	–	-0.86%	–
XYL	Exit	XYLEM INC	$0	–	-23,705	–	-0.88%	–
UNP	Exit	UNION PACIFIC	$0	–	-10,140	–	-0.88%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-33,096	–	-0.91%	–
BDX	Exit	BECTON DICKINSON	$0	–	-9,463	–	-0.97%	–
ILMN	Exit	ILLUMINA	$0	–	-7,510	–	-1.02%	–
AMGN	Exit	AMGEN INC	$0	–	-9,965	–	-1.11%	–
CB	Exit	CHUBB LIMITED	$0	–	-22,177	–	-1.13%	–
NVDA	Exit	NVIDIA CORP	$0	–	-5,105	–	-1.22%	–
CVS	Exit	CVS HEALTH	$0	–	-49,855	–	-1.28%	–
XLNX	Exit	XILINX	$0	–	-28,217	–	-1.29%	–
MMM	Exit	3M	$0	–	-18,549	–	-1.31%	–
RTX	Exit	RAYTHEON TECHNOLOGIES	$0	–	-53,503	–	-1.35%	–
PEP	Exit	PEPSICO	$0	–	-22,354	–	-1.36%	–
LOW	Exit	LOWES COMPANIES	$0	–	-19,000	–	-1.39%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-51,285	–	-1.39%	–
ABBV	Exit	ABBVIE	$0	–	-36,750	–	-1.42%	–
DIS	Exit	DISNEY	$0	–	-29,682	–	-1.62%	–
HD	Exit	HOME DEPOT	$0	–	-13,733	–	-1.68%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-43,945	–	-1.68%	–
PYPL	Exit	PAYPAL HOLDINGS	$0	–	-20,410	–	-1.77%	–
FISV	Exit	FISERV	$0	–	-44,655	–	-2.02%	–
AMZN	Exit	AMAZON.COM	$0	–	-1,508	–	-2.09%	–
ADI	Exit	ANALOG DEVICES	$0	–	-41,063	–	-2.11%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-22,974	–	-2.23%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-51,065	–	-2.39%	–
ATR	Exit	APTARGROUP	$0	–	-48,509	–	-2.42%	–
INTC	Exit	INTEL CORP	$0	–	-114,367	–	-2.60%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-52,440	–	-2.75%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-50,216	–	-3.08%	–
DHR	Exit	DANAHER CORP	$0	–	-32,682	–	-3.10%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-5,008	–	-3.23%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-50,488	–	-3.30%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-56,456	–	-3.45%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-40,180	–	-3.72%	–
ABT	Exit	ABBOTT LABS	$0	–	-84,241	–	-4.03%	–
MA	Exit	MASTERCARD	$0	–	-28,870	–	-4.29%	–
AAPL	Exit	APPLE INC	$0	–	-109,195	–	-5.56%	–

Q3 2020

			Value		Shares		↓ Weighting
AAPL	Buy	APPLE INC	$12,646,000	+21.9%	109,195	+283.9%	5.56%	+14.9%
MA	Sell	MASTERCARD	$9,763,000	+8.0%	28,870	-5.6%	4.29%	+1.8%
ABT	Sell	ABBOTT LABS	$9,167,000	+16.6%	84,241	-2.0%	4.03%	+9.9%
MSFT	Sell	MICROSOFT CORP	$8,452,000	-1.3%	40,180	-4.5%	3.72%	-7.0%
PG	Sell	PROCTER & GAMBLE	$7,847,000	+16.0%	56,456	-0.2%	3.45%	+9.3%
JNJ	Sell	JOHNSON & JOHNSON	$7,517,000	+5.1%	50,488	-0.7%	3.30%	-0.9%
GOOGL	Sell	ALPHABET INC CL A	$7,338,000	+3.0%	5,008	-0.3%	3.23%	-2.9%
DHR	Sell	DANAHER CORP	$7,039,000	+18.7%	32,682	-2.6%	3.10%	+11.9%
ADP	Buy	AUTOMATIC DATA PROCESSING	$7,006,000	-5.9%	50,216	+0.4%	3.08%	-11.3%
NSRGY	Sell	NESTLE SA ADR	$6,253,000	+7.1%	52,440	-0.8%	2.75%	+1.0%
INTC	Sell	INTEL CORP	$5,921,000	-14.3%	114,367	-1.0%	2.60%	-19.3%
ATR	Sell	APTARGROUP	$5,493,000	+0.5%	48,509	-0.6%	2.42%	-5.3%
CNI	Sell	CANADIAN NATL RAILWAY	$5,436,000	+18.8%	51,065	-1.1%	2.39%	+12.0%
ROK	Sell	ROCKWELL AUTOMATION	$5,070,000	+3.5%	22,974	-0.1%	2.23%	-2.4%
ADI	Sell	ANALOG DEVICES	$4,793,000	-5.2%	41,063	-0.3%	2.11%	-10.6%
AMZN	Sell	AMAZON.COM	$4,747,000	+11.9%	1,508	-2.0%	2.09%	+5.5%
FISV	Sell	FISERV	$4,602,000	+5.6%	44,655	-0.0%	2.02%	-0.5%
PYPL	Sell	PAYPAL HOLDINGS	$4,023,000	+10.2%	20,410	-2.6%	1.77%	+3.9%
NVS	Buy	NOVARTIS AG ADR	$3,822,000	-0.1%	43,945	+0.4%	1.68%	-5.8%
HD	Sell	HOME DEPOT	$3,813,000	+10.2%	13,733	-0.6%	1.68%	+3.8%
DIS	Buy	DISNEY	$3,683,000	+15.6%	29,682	+3.9%	1.62%	+9.0%
ABBV	Buy	ABBVIE	$3,219,000	-10.4%	36,750	+0.4%	1.42%	-15.6%
UL	Buy	UNILEVER PLC NEW ADR	$3,162,000	+14.6%	51,285	+2.0%	1.39%	+8.0%
LOW	Sell	LOWES COMPANIES	$3,152,000	+21.5%	19,000	-1.0%	1.39%	+14.5%
PEP	Buy	PEPSICO	$3,098,000	+5.3%	22,354	+0.4%	1.36%	-0.8%
RTX	Buy	RAYTHEON TECHNOLOGIES	$3,079,000	-4.2%	53,503	+2.6%	1.35%	-9.7%
MMM	Sell	3M	$2,970,000	+0.5%	18,549	-2.1%	1.31%	-5.3%
XLNX	Buy	XILINX	$2,943,000	+6.8%	28,217	+0.8%	1.29%	+0.7%
NVDA	Sell	NVIDIA CORP	$2,763,000	+25.3%	5,105	-12.1%	1.22%	+18.2%
CB	Sell	CHUBB LIMITED	$2,576,000	-20.2%	22,177	-13.0%	1.13%	-24.8%
AMGN	Sell	AMGEN INC	$2,532,000	+6.5%	9,965	-1.1%	1.11%	+0.4%
ILMN	Buy	ILLUMINA	$2,322,000	-14.3%	7,510	+2.6%	1.02%	-19.2%
BDX	Buy	BECTON DICKINSON	$2,203,000	+5.3%	9,463	+8.3%	0.97%	-0.7%
	Buy	NOVOZYMES A S DKK 2.0	$2,078,000	+11.2%	33,096	+2.2%	0.91%	+4.9%
UNP	Sell	UNION PACIFIC	$1,996,000	+12.0%	10,140	-3.8%	0.88%	+5.7%
XYL	Buy	XYLEM INC	$1,994,000	+33.6%	23,705	+3.3%	0.88%	+26.0%
ACN	Buy	ACCENTURE PLC SHS	$1,963,000	+7.0%	8,684	+1.6%	0.86%	+0.8%
SYK	Sell	STRYKER CORP	$1,932,000	+15.6%	9,270	-0.1%	0.85%	+9.0%
XOM	Sell	EXXON MOBIL	$1,815,000	-28.9%	52,851	-7.4%	0.80%	-32.9%
HON	Buy	HONEYWELL INTL	$1,792,000	+15.2%	10,890	+1.2%	0.79%	+8.5%
JPM	Buy	JPMORGAN CHASE	$1,667,000	+4.1%	17,316	+1.8%	0.73%	-1.9%
RHHBY	Sell	ROCHE HLDG LTD ADR	$1,596,000	-1.5%	37,300	-0.1%	0.70%	-7.1%
MRK	Buy	MERCK	$1,576,000	+7.5%	19,000	+0.3%	0.69%	+1.3%
UNH	Buy	UNITED HEALTH GROUP	$1,456,000	+20.6%	4,670	+14.1%	0.64%	+13.7%
TJX	Buy	TJX COS	$1,449,000	+71.9%	26,062	+56.2%	0.64%	+62.1%
NKE	Buy	NIKE INC CLASS B	$1,395,000	+42.6%	11,110	+11.4%	0.61%	+34.4%
BMY	Sell	BRISTOL-MYERS SQUIBB	$1,317,000	-1.9%	21,850	-4.4%	0.58%	-7.5%
CVX	Sell	CHEVRON	$1,289,000	-19.7%	17,892	-0.6%	0.57%	-24.3%
ORCL	Sell	ORACLE	$1,241,000	+2.6%	20,800	-5.0%	0.55%	-3.2%
CSCO	Buy	CISCO SYS INC	$1,186,000	-13.9%	30,050	+1.8%	0.52%	-18.8%
EMR	Sell	EMERSON ELECTRIC	$1,175,000	+0.3%	17,910	-5.3%	0.52%	-5.5%
SBUX	Buy	STARBUCKS	$1,086,000	+20.5%	12,650	+3.3%	0.48%	+13.6%
COST	Sell	COSTCO WHOLESALE	$1,078,000	+15.2%	3,037	-1.6%	0.47%	+8.5%
QCOM	Sell	QUALCOMM	$972,000	+28.7%	8,260	-0.2%	0.43%	+21.3%
CL	Buy	COLGATE-PALMOLIVE	$941,000	+7.3%	12,194	+1.9%	0.41%	+1.2%
VZ	Buy	VERIZON COMMUNICATIONS	$861,000	+9.8%	14,479	+1.9%	0.38%	+3.6%
MCD	Buy	MCDONALDS CORP	$637,000	+25.6%	2,900	+5.5%	0.28%	+18.6%
TXN	Sell	TEXAS INSTRUMENTS	$457,000	+9.1%	3,200	-3.0%	0.20%	+3.1%
SYY	Buy	SYSCO	$434,000	+27.6%	6,980	+12.1%	0.19%	+20.1%
KO	Buy	COCA COLA	$419,000	+12.9%	8,480	+2.2%	0.18%	+6.4%
DE	Buy	DEERE & CO	$336,000	+57.0%	1,515	+11.0%	0.15%	+48.0%
CI	Buy	CIGNA CORP NEW	$288,000	-7.1%	1,700	+3.0%	0.13%	-12.4%
DD	Buy	DUPONT DE NEMOURS INC	$260,000	+10.6%	4,700	+6.5%	0.11%	+3.6%
WMT	New	WAL-MART STORES	$236,000	–	1,690	–	0.10%	–
OTIS	Sell	OTIS WORLDWIDE	$230,000	-32.4%	3,677	-38.5%	0.10%	-36.5%
CARR	Sell	CARRIER GLOBAL	$224,000	-15.8%	7,355	-38.5%	0.10%	-21.0%
IR	New	INGERSOLL RAND INC	$220,000	–	6,176	–	0.10%	–
DOW	New	DOW CHEMICAL COMPANY	$215,000	–	4,587	–	0.10%	–
FTV	Exit	FORTIVE CORP	$0	–	-4,080	–	-0.13%	–

Q2 2020

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$10,376,000	–	28,443	–	4.84%	–
MA	New	MASTERCARD	$9,041,000	–	30,575	–	4.22%	–
MSFT	New	MICROSOFT CORP	$8,563,000	–	42,075	–	3.99%	–
ABT	New	ABBOTT LABS	$7,864,000	–	86,004	–	3.67%	–
ADP	New	AUTOMATIC DATA PROCESSING	$7,446,000	–	50,016	–	3.47%	–
JNJ	New	JOHNSON & JOHNSON	$7,149,000	–	50,833	–	3.33%	–
GOOGL	New	ALPHABET INC CL A	$7,126,000	–	5,025	–	3.32%	–
INTC	New	INTEL CORP	$6,913,000	–	115,547	–	3.22%	–
PG	New	PROCTER & GAMBLE	$6,766,000	–	56,581	–	3.16%	–
DHR	New	DANAHER CORP	$5,932,000	–	33,551	–	2.77%	–
NSRGY	New	NESTLE SA ADR	$5,837,000	–	52,865	–	2.72%	–
ATR	New	APTARGROUP	$5,466,000	–	48,825	–	2.55%	–
ADI	New	ANALOG DEVICES	$5,055,000	–	41,201	–	2.36%	–
ROK	New	ROCKWELL AUTOMATION	$4,897,000	–	22,991	–	2.28%	–
CNI	New	CANADIAN NATL RAILWAY	$4,575,000	–	51,655	–	2.13%	–
FISV	New	FISERV	$4,360,000	–	44,670	–	2.03%	–
AMZN	New	AMAZON.COM	$4,243,000	–	1,538	–	1.98%	–
NVS	New	NOVARTIS AG ADR	$3,824,000	–	43,785	–	1.78%	–
PYPL	New	PAYPAL HOLDINGS	$3,650,000	–	20,950	–	1.70%	–
ABBV	New	ABBVIE	$3,594,000	–	36,600	–	1.68%	–
HD	New	HOME DEPOT	$3,460,000	–	13,810	–	1.61%	–
CVS	New	CVS HEALTH	$3,239,000	–	49,855	–	1.51%	–
CB	New	CHUBB LIMITED	$3,228,000	–	25,492	–	1.51%	–
RTX	New	RAYTHEON TECHNOLOGIES	$3,214,000	–	52,153	–	1.50%	–
DIS	New	DISNEY	$3,187,000	–	28,577	–	1.49%	–
MMM	New	3M	$2,956,000	–	18,955	–	1.38%	–
PEP	New	PEPSICO	$2,943,000	–	22,254	–	1.37%	–
UL	New	UNILEVER PLC NEW ADR	$2,759,000	–	50,275	–	1.29%	–
XLNX	New	XILINX	$2,755,000	–	27,999	–	1.28%	–
ILMN	New	ILLUMINA	$2,711,000	–	7,319	–	1.26%	–
LOW	New	LOWES COMPANIES	$2,595,000	–	19,200	–	1.21%	–
XOM	New	EXXON MOBIL	$2,551,000	–	57,066	–	1.19%	–
AMGN	New	AMGEN INC	$2,377,000	–	10,075	–	1.11%	–
NVDA	New	NVIDIA CORP	$2,205,000	–	5,805	–	1.03%	–
BDX	New	BECTON DICKINSON	$2,092,000	–	8,737	–	0.98%	–
ECL	New	ECOLAB INC	$1,870,000	–	9,400	–	0.87%	–
	New	NOVOZYMES A S DKK 2.0	$1,868,000	–	32,396	–	0.87%	–
ACN	New	ACCENTURE PLC SHS	$1,835,000	–	8,544	–	0.86%	–
UNP	New	UNION PACIFIC	$1,782,000	–	10,540	–	0.83%	–
SYK	New	STRYKER CORP	$1,671,000	–	9,280	–	0.78%	–
RHHBY	New	ROCHE HLDG LTD ADR	$1,620,000	–	37,350	–	0.76%	–
CVX	New	CHEVRON	$1,606,000	–	17,997	–	0.75%	–
JPM	New	JPMORGAN CHASE	$1,601,000	–	17,016	–	0.75%	–
HON	New	HONEYWELL INTL	$1,556,000	–	10,765	–	0.73%	–
XYL	New	XYLEM INC	$1,492,000	–	22,950	–	0.70%	–
MRK	New	MERCK	$1,466,000	–	18,950	–	0.68%	–
CHD	New	CHURCH & DWIGHT	$1,459,000	–	18,875	–	0.68%	–
CSCO	New	CISCO SYS INC	$1,377,000	–	29,520	–	0.64%	–
BMY	New	BRISTOL-MYERS SQUIBB	$1,343,000	–	22,845	–	0.63%	–
ORCL	New	ORACLE	$1,210,000	–	21,900	–	0.56%	–
UNH	New	UNITED HEALTH GROUP	$1,207,000	–	4,094	–	0.56%	–
ADBE	New	ADOBE SYS	$1,197,000	–	2,750	–	0.56%	–
EMR	New	EMERSON ELECTRIC	$1,172,000	–	18,910	–	0.55%	–
ITW	New	ILLINOIS TOOL WORKS	$1,155,000	–	6,610	–	0.54%	–
NEE	New	NEXTERA ENERGY	$1,127,000	–	4,690	–	0.53%	–
NKE	New	NIKE INC CLASS B	$978,000	–	9,975	–	0.46%	–
DEO	New	DIAGEO PLC SPSD ADR	$960,000	–	7,140	–	0.45%	–
COST	New	COSTCO WHOLESALE	$936,000	–	3,087	–	0.44%	–
SBUX	New	STARBUCKS	$901,000	–	12,250	–	0.42%	–
CL	New	COLGATE-PALMOLIVE	$877,000	–	11,970	–	0.41%	–
GILD	New	GILEAD SCIENCES	$846,000	–	11,000	–	0.40%	–
TJX	New	TJX COS	$843,000	–	16,682	–	0.39%	–
TFX	New	TELEFLEX	$819,000	–	2,250	–	0.38%	–
VZ	New	VERIZON COMMUNICATIONS	$784,000	–	14,215	–	0.37%	–
QCOM	New	QUALCOMM	$755,000	–	8,275	–	0.35%	–
MMP	New	MAGELLAN MIDSTREAM LP	$698,000	–	16,175	–	0.33%	–
CMCSA	New	COMCAST CORP NEW CL A	$674,000	–	17,300	–	0.31%	–
PBA	New	PEMBINA PIPELINE CO	$648,000	–	26,000	–	0.30%	–
GOOG	New	ALPHABET INC CL C	$643,000	–	455	–	0.30%	–
TT	New	TRANE TECHNOLOGIES PLC	$605,000	–	6,800	–	0.28%	–
AVGO	New	BROADCOM INC	$521,000	–	1,650	–	0.24%	–
MCD	New	MCDONALDS CORP	$507,000	–	2,750	–	0.24%	–
TXN	New	TEXAS INSTRUMENTS	$419,000	–	3,300	–	0.20%	–
PFE	New	PFIZER	$417,000	–	12,755	–	0.19%	–
WM	New	WASTE MANAGEMENT INC	$413,000	–	3,900	–	0.19%	–
BXP	New	BOSTON PPTYS INC REIT	$398,000	–	4,400	–	0.19%	–
YUM	New	YUM BRANDS	$391,000	–	4,500	–	0.18%	–
J	New	JACOBS ENGINEERING GROUP INC	$382,000	–	4,500	–	0.18%	–
KO	New	COCA COLA	$371,000	–	8,300	–	0.17%	–
OTIS	New	OTIS WORLDWIDE	$340,000	–	5,979	–	0.16%	–
SYY	New	SYSCO	$340,000	–	6,225	–	0.16%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$333,000	–	7,850	–	0.16%	–
	New	EATON VANCE ATLANTA CAPITAL SMequity mutual fu	$327,000	–	9,783	–	0.15%	–
CI	New	CIGNA CORP NEW	$310,000	–	1,650	–	0.14%	–
CRM	New	SALESFORCE.COM	$281,000	–	1,500	–	0.13%	–
FTV	New	FORTIVE CORP	$276,000	–	4,080	–	0.13%	–
CARR	New	CARRIER GLOBAL	$266,000	–	11,960	–	0.12%	–
ALLE	New	ALLEGION PLC	$256,000	–	2,500	–	0.12%	–
APD	New	AIR PRODUCTS & CHEM	$241,000	–	1,000	–	0.11%	–
DD	New	DUPONT DE NEMOURS INC	$235,000	–	4,413	–	0.11%	–
EPD	New	ENTERPRISE PRODUCTS PTNR	$218,000	–	12,000	–	0.10%	–
DE	New	DEERE & CO	$214,000	–	1,365	–	0.10%	–
IP	New	INTL PAPER	$211,000	–	6,000	–	0.10%	–
PAYX	New	PAYCHEX	$201,000	–	2,650	–	0.09%	–

Q4 2019

			Value		Shares		↓ Weighting
GE	Exit	GENERAL ELECTRIC	$0	–	-10,650	–	-0.04%	–
CERN	Exit	CERNER	$0	–	-3,000	–	-0.10%	–
APD	Exit	AIR PRODUCTS & CHEM	$0	–	-1,000	–	-0.10%	–
CRM	Exit	SALESFORCE.COM	$0	–	-1,500	–	-0.10%	–
PAYX	Exit	PAYCHEX	$0	–	-2,730	–	-0.11%	–
DOW	Exit	DOW CHEMICAL COMPANY	$0	–	-4,934	–	-0.11%	–
WFC	Exit	WELLS FARGO	$0	–	-5,000	–	-0.12%	–
IP	Exit	INTL PAPER	$0	–	-6,000	–	-0.12%	–
DE	Exit	DEERE & CO	$0	–	-1,525	–	-0.12%	–
CI	Exit	CIGNA CORP NEW	$0	–	-1,750	–	-0.12%	–
YUMC	Exit	YUM CHINA HOLDINGS, INC	$0	–	-6,000	–	-0.13%	–
ALLE	Exit	ALLEGION PLC	$0	–	-2,666	–	-0.13%	–
EPD	Exit	ENTERPRISE PRODUCTS PTNR	$0	–	-12,000	–	-0.16%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-5,063	–	-0.17%	–
	Exit	EATON VANCE ATLANTA CAPITAL SMequity mutual fu	$0	–	-9,783	–	-0.18%	–
RTN	Exit	RAYTHEON	$0	–	-2,100	–	-0.19%	–
J	Exit	JACOBS ENGINEERING	$0	–	-4,500	–	-0.19%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-7,950	–	-0.21%	–
EOG	Exit	EOG RESOURCES	$0	–	-6,002	–	-0.21%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-3,900	–	-0.21%	–
KO	Exit	COCA COLA	$0	–	-8,300	–	-0.21%	–
IPGP	Exit	IPG PHOTONICS	$0	–	-3,446	–	-0.22%	–
PFE	Exit	PFIZER	$0	–	-13,175	–	-0.22%	–
GD	Exit	GENERAL DYNAMICS	$0	–	-2,600	–	-0.22%	–
AVGO	Exit	BROADCOM INC	$0	–	-1,725	–	-0.22%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-3,750	–	-0.23%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-5,375	–	-0.24%	–
YUM	Exit	YUM BRANDS	$0	–	-4,700	–	-0.25%	–
SYY	Exit	SYSCO	$0	–	-7,095	–	-0.26%	–
MCD	Exit	MCDONALDS CORP	$0	–	-2,750	–	-0.28%	–
BXP	Exit	BOSTON PPTYS INC REIT	$0	–	-5,000	–	-0.30%	–
QCOM	Exit	QUALCOMM	$0	–	-8,700	–	-0.31%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-11,002	–	-0.33%	–
ADBE	Exit	ADOBE SYS	$0	–	-2,880	–	-0.37%	–
TFX	Exit	TELEFLEX	$0	–	-2,375	–	-0.38%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-19,000	–	-0.40%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-711	–	-0.41%	–
BDX	Exit	BECTON DICKINSON	$0	–	-3,439	–	-0.41%	–
IR	Exit	INGERSOLL RAND PLC	$0	–	-7,250	–	-0.42%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-14,840	–	-0.42%	–
COST	Exit	COSTCO WHOLESALE	$0	–	-3,167	–	-0.43%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-13,020	–	-0.45%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-26,000	–	-0.45%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-20,195	–	-0.48%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-6,805	–	-0.50%	–
MMP	Exit	MAGELLAN MIDSTREAM LP	$0	–	-16,175	–	-0.50%	–
SBUX	Exit	STARBUCKS	$0	–	-12,350	–	-0.51%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-4,850	–	-0.53%	–
NVDA	Exit	NVIDIA CORP	$0	–	-6,540	–	-0.54%	–
CELG	Exit	CELGENE CORP	$0	–	-11,620	–	-0.54%	–
DEO	Exit	DIAGEO PLC SPSD ADR	$0	–	-7,140	–	-0.55%	–
FTV	Exit	FORTIVE CORP	$0	–	-17,962	–	-0.58%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-19,010	–	-0.60%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-31,111	–	-0.61%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-37,450	–	-0.64%	–
CHD	Exit	CHURCH & DWIGHT	$0	–	-19,000	–	-0.67%	–
ORCL	Exit	ORACLE	$0	–	-27,750	–	-0.72%	–
CSCO	Exit	CISCO SYS INC	$0	–	-31,570	–	-0.73%	–
MRK	Exit	MERCK	$0	–	-19,800	–	-0.78%	–
ACN	Exit	ACCENTURE PLC SHS	$0	–	-8,789	–	-0.79%	–
CVX	Exit	CHEVRON	$0	–	-14,537	–	-0.81%	–
PYPL	Exit	PAYPAL HOLDINGS	$0	–	-16,715	–	-0.81%	–
ILMN	Exit	ILLUMINA	$0	–	-5,734	–	-0.82%	–
UNP	Exit	UNION PACIFIC	$0	–	-10,800	–	-0.82%	–
XYL	Exit	XYLEM INC	$0	–	-23,105	–	-0.86%	–
ECL	Exit	ECOLAB INC	$0	–	-9,400	–	-0.87%	–
HON	Exit	HONEYWELL INTL	$0	–	-11,435	–	-0.91%	–
AMGN	Exit	AMGEN INC	$0	–	-11,355	–	-1.03%	–
SYK	Exit	STRYKER CORP	$0	–	-10,315	–	-1.05%	–
JPM	Exit	JPMORGAN CHASE	$0	–	-19,046	–	-1.05%	–
XLNX	Exit	XILINX	$0	–	-23,490	–	-1.06%	–
LOW	Exit	LOWES COMPANIES	$0	–	-20,700	–	-1.07%	–
AMZN	Exit	AMAZON.COM	$0	–	-1,328	–	-1.08%	–
ABBV	Exit	ABBVIE	$0	–	-37,100	–	-1.32%	–
DIS	Exit	DISNEY	$0	–	-22,707	–	-1.39%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-49,980	–	-1.41%	–
PEP	Exit	PEPSICO	$0	–	-22,354	–	-1.44%	–
HD	Exit	HOME DEPOT	$0	–	-13,807	–	-1.50%	–
CVS	Exit	CVS HEALTH	$0	–	-51,585	–	-1.53%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-22,121	–	-1.71%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-43,130	–	-1.76%	–
XOM	Exit	EXXON MOBIL	$0	–	-57,706	–	-1.91%	–
MMM	Exit	3M	$0	–	-25,705	–	-1.98%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-48,915	–	-2.06%	–
ADI	Exit	ANALOG DEVICES	$0	–	-42,284	–	-2.22%	–
DHR	Exit	DANAHER CORP	$0	–	-35,230	–	-2.39%	–
UTX	Exit	UNITED TECHNOLOGIES	$0	–	-37,336	–	-2.39%	–
CB	Exit	CHUBB LIMITED	$0	–	-31,739	–	-2.41%	–
FISV	Exit	FISERV	$0	–	-52,319	–	-2.55%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-53,905	–	-2.75%	–
ATR	Exit	APTARGROUP	$0	–	-49,460	–	-2.75%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-5,201	–	-2.98%	–
INTC	Exit	INTEL CORP	$0	–	-130,252	–	-3.15%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-49,457	–	-3.23%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-53,233	–	-3.24%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-60,330	–	-3.52%	–
AAPL	Exit	APPLE INC	$0	–	-33,558	–	-3.53%	–
ABT	Exit	ABBOTT LABS	$0	–	-90,769	–	-3.57%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-52,545	–	-3.98%	–
MA	Exit	MASTERCARD	$0	–	-35,274	–	-4.50%	–

Q3 2019

			Value		Shares		↓ Weighting
MA	Sell	MASTERCARD	$9,579,000	-1.7%	35,274	-4.2%	4.50%	-2.2%
ADP	Sell	AUTOMATIC DATA PROCESSING	$8,482,000	-4.4%	52,545	-2.1%	3.98%	-4.9%
ABT	Sell	ABBOTT LABS	$7,594,000	-2.5%	90,769	-2.0%	3.57%	-3.0%
AAPL	Sell	APPLE INC	$7,516,000	+11.3%	33,558	-1.7%	3.53%	+10.7%
PG	Sell	PROCTER & GAMBLE	$7,504,000	+12.8%	60,330	-0.6%	3.52%	+12.2%
JNJ	Sell	JOHNSON & JOHNSON	$6,887,000	-8.5%	53,233	-1.5%	3.24%	-9.0%
MSFT	Sell	MICROSOFT CORP	$6,875,000	+2.3%	49,457	-1.4%	3.23%	+1.8%
INTC	Sell	INTEL CORP	$6,711,000	+5.5%	130,252	-2.0%	3.15%	+5.0%
GOOGL	Sell	ALPHABET INC CL A	$6,351,000	+12.7%	5,201	-0.1%	2.98%	+12.1%
ATR	Sell	APTARGROUP	$5,858,000	-5.5%	49,460	-0.8%	2.75%	-6.0%
NSRGY	Sell	NESTLE SA ADR	$5,856,000	+3.6%	53,905	-1.4%	2.75%	+3.1%
FISV	Sell	FISERV	$5,420,000	+12.9%	52,319	-0.6%	2.55%	+12.4%
CB	Buy	CHUBB LIMITED	$5,124,000	+11.2%	31,739	+1.4%	2.41%	+10.6%
UTX	Sell	UNITED TECHNOLOGIES	$5,097,000	+4.8%	37,336	-0.0%	2.39%	+4.3%
DHR	Sell	DANAHER CORP	$5,089,000	+0.3%	35,230	-0.7%	2.39%	-0.2%
ADI	Buy	ANALOG DEVICES	$4,724,000	-0.9%	42,284	+0.1%	2.22%	-1.4%
CNI	Buy	CANADIAN NATL RAILWAY	$4,396,000	-1.6%	48,915	+1.2%	2.06%	-2.1%
MMM	Sell	3M	$4,226,000	-5.5%	25,705	-0.4%	1.98%	-6.0%
NVS	Sell	NOVARTIS AG ADR	$3,747,000	-5.6%	43,130	-0.8%	1.76%	-6.1%
ROK	Buy	ROCKWELL AUTOMATION	$3,647,000	+1.2%	22,121	+0.6%	1.71%	+0.7%
CVS	Buy	CVS HEALTH	$3,253,000	+17.3%	51,585	+1.4%	1.53%	+16.6%
HD	Buy	HOME DEPOT	$3,203,000	+15.5%	13,807	+3.6%	1.50%	+15.0%
UL	Buy	UNILEVER PLC NEW ADR	$3,002,000	-2.8%	49,980	+0.3%	1.41%	-3.3%
DIS	Buy	DISNEY	$2,959,000	+2.2%	22,707	+9.6%	1.39%	+1.8%
AMZN	Buy	AMAZON.COM	$2,305,000	-7.8%	1,328	+0.5%	1.08%	-8.3%
LOW	Sell	LOWES COMPANIES	$2,277,000	+8.5%	20,700	-0.5%	1.07%	+8.0%
XLNX	Sell	XILINX	$2,253,000	-18.8%	23,490	-0.2%	1.06%	-19.2%
JPM	Sell	JPMORGAN CHASE	$2,241,000	+4.6%	19,046	-0.7%	1.05%	+4.1%
SYK	Sell	STRYKER CORP	$2,231,000	+2.7%	10,315	-2.4%	1.05%	+2.2%
AMGN	Sell	AMGEN INC	$2,197,000	+1.7%	11,355	-3.1%	1.03%	+1.2%
HON	Sell	HONEYWELL INTL	$1,935,000	-4.4%	11,435	-1.4%	0.91%	-4.9%
XYL	Sell	XYLEM INC	$1,840,000	-5.2%	23,105	-0.4%	0.86%	-5.7%
ILMN	Sell	ILLUMINA	$1,744,000	-17.7%	5,734	-0.3%	0.82%	-18.1%
PYPL	Buy	PAYPAL HOLDINGS	$1,730,000	-7.5%	16,715	+2.2%	0.81%	-7.9%
CVX	Buy	CHEVRON	$1,724,000	+4.7%	14,537	+9.8%	0.81%	+4.1%
ACN	Sell	ACCENTURE PLC SHS	$1,691,000	+3.6%	8,789	-0.5%	0.79%	+3.0%
MRK	Sell	MERCK	$1,666,000	-1.4%	19,800	-1.7%	0.78%	-1.9%
CSCO	Sell	CISCO SYS INC	$1,560,000	-10.6%	31,570	-1.0%	0.73%	-10.9%
ORCL	Sell	ORACLE	$1,528,000	-8.4%	27,750	-5.3%	0.72%	-8.9%
RHHBY	Sell	ROCHE HLDG LTD ADR	$1,364,000	+0.5%	37,450	-3.1%	0.64%	0.0%
	Buy	NOVOZYMES A S DKK 2.0	$1,305,000	-9.8%	31,111	+0.0%	0.61%	-10.2%
EMR	Sell	EMERSON ELECTRIC	$1,271,000	+0.2%	19,010	-0.1%	0.60%	-0.3%
FTV	Sell	FORTIVE CORP	$1,232,000	-15.9%	17,962	-0.0%	0.58%	-16.3%
CELG	Sell	CELGENE CORP	$1,153,000	-15.2%	11,620	-21.0%	0.54%	-15.6%
NVDA	Buy	NVIDIA CORP	$1,139,000	+11.4%	6,540	+5.2%	0.54%	+10.8%
NEE	Sell	NEXTERA ENERGY	$1,130,000	+12.5%	4,850	-1.0%	0.53%	+12.0%
SBUX	Sell	STARBUCKS	$1,092,000	-1.4%	12,350	-6.6%	0.51%	-1.9%
ITW	Sell	ILLINOIS TOOL WORKS	$1,065,000	+3.4%	6,805	-0.4%	0.50%	+2.9%
BMY	Sell	BRISTOL-MYERS SQUIBB	$1,024,000	+10.8%	20,195	-0.8%	0.48%	+10.3%
CL	Sell	COLGATE-PALMOLIVE	$958,000	-3.6%	13,020	-6.2%	0.45%	-4.1%
VZ	Sell	VERIZON COMMUNICATIONS	$896,000	+3.5%	14,840	-2.1%	0.42%	+2.9%
IR	Sell	INGERSOLL RAND PLC	$893,000	-7.3%	7,250	-4.6%	0.42%	-7.9%
BDX	Buy	BECTON DICKINSON	$870,000	+54.5%	3,439	+53.9%	0.41%	+53.8%
GILD	Sell	GILEAD SCIENCES	$698,000	-6.2%	11,002	-0.1%	0.33%	-6.6%
QCOM	Sell	QUALCOMM	$664,000	+0.2%	8,700	-0.3%	0.31%	-0.3%
SYY	Sell	SYSCO	$563,000	+2.2%	7,095	-9.0%	0.26%	+1.5%
YUM	Sell	YUM BRANDS	$533,000	+1.3%	4,700	-1.1%	0.25%	+0.8%
NKE	Sell	NIKE INC CLASS B	$505,000	-0.4%	5,375	-11.0%	0.24%	-0.8%
PFE	Sell	PFIZER	$473,000	-17.6%	13,175	-0.6%	0.22%	-18.1%
KO	Sell	COCA COLA	$452,000	+5.6%	8,300	-1.2%	0.21%	+5.0%
EOG	Buy	EOG RESOURCES	$446,000	-11.5%	6,002	+10.9%	0.21%	-12.2%
DD	Sell	DUPONT DE NEMOURS INC	$361,000	-15.7%	5,063	-11.2%	0.17%	-15.8%
DOW	Sell	DOW CHEMICAL COMPANY	$235,000	-14.9%	4,934	-11.8%	0.11%	-15.4%
GE	Sell	GENERAL ELECTRIC	$95,000	-16.7%	10,650	-1.9%	0.04%	-16.7%
COP	Exit	CONOCOPHILLIPS	$0	–	-3,414	–	-0.10%	–
ALC	Exit	ALCON INC	$0	–	-4,473	–	-0.13%	–

Q2 2019

			Value		Shares		↓ Weighting
MA	New	MASTERCARD	$9,745,000	–	36,839	–	4.60%	–
ADP	New	AUTOMATIC DATA PROCESSING	$8,874,000	–	53,670	–	4.19%	–
ABT	New	ABBOTT LABS	$7,787,000	–	92,594	–	3.68%	–
JNJ	New	JOHNSON & JOHNSON	$7,529,000	–	54,053	–	3.56%	–
AAPL	New	APPLE INC	$6,753,000	–	34,127	–	3.19%	–
MSFT	New	MICROSOFT CORP	$6,718,000	–	50,152	–	3.17%	–
PG	New	PROCTER & GAMBLE	$6,652,000	–	60,665	–	3.14%	–
INTC	New	INTEL CORP	$6,359,000	–	132,862	–	3.00%	–
ATR	New	APTARGROUP	$6,201,000	–	49,865	–	2.93%	–
NSRGY	New	NESTLE SA ADR	$5,654,000	–	54,690	–	2.67%	–
GOOGL	New	ALPHABET INC CL A	$5,636,000	–	5,205	–	2.66%	–
DHR	New	DANAHER CORP	$5,073,000	–	35,485	–	2.40%	–
UTX	New	UNITED TECHNOLOGIES	$4,863,000	–	37,351	–	2.30%	–
FISV	New	FISERV	$4,799,000	–	52,644	–	2.27%	–
ADI	New	ANALOG DEVICES	$4,767,000	–	42,229	–	2.25%	–
CB	New	CHUBB LIMITED	$4,608,000	–	31,288	–	2.18%	–
MMM	New	3M	$4,474,000	–	25,814	–	2.11%	–
CNI	New	CANADIAN NATL RAILWAY	$4,468,000	–	48,315	–	2.11%	–
XOM	New	EXXON MOBIL	$4,423,000	–	57,706	–	2.09%	–
NVS	New	NOVARTIS AG ADR	$3,971,000	–	43,495	–	1.88%	–
ROK	New	ROCKWELL AUTOMATION	$3,603,000	–	21,998	–	1.70%	–
UL	New	UNILEVER PLC NEW ADR	$3,089,000	–	49,855	–	1.46%	–
PEP	New	PEPSICO	$2,932,000	–	22,354	–	1.38%	–
DIS	New	DISNEY	$2,894,000	–	20,727	–	1.37%	–
XLNX	New	XILINX	$2,775,000	–	23,530	–	1.31%	–
CVS	New	CVS HEALTH	$2,774,000	–	50,890	–	1.31%	–
HD	New	HOME DEPOT	$2,773,000	–	13,330	–	1.31%	–
ABBV	New	ABBVIE	$2,697,000	–	37,100	–	1.27%	–
AMZN	New	AMAZON.COM	$2,501,000	–	1,321	–	1.18%	–
SYK	New	STRYKER CORP	$2,172,000	–	10,565	–	1.02%	–
AMGN	New	AMGEN INC	$2,160,000	–	11,717	–	1.02%	–
JPM	New	JPMORGAN CHASE	$2,143,000	–	19,172	–	1.01%	–
ILMN	New	ILLUMINA	$2,118,000	–	5,753	–	1.00%	–
LOW	New	LOWES COMPANIES	$2,099,000	–	20,800	–	0.99%	–
HON	New	HONEYWELL INTL	$2,025,000	–	11,600	–	0.96%	–
XYL	New	XYLEM INC	$1,941,000	–	23,205	–	0.92%	–
PYPL	New	PAYPAL HOLDINGS	$1,871,000	–	16,363	–	0.88%	–
ECL	New	ECOLAB INC	$1,856,000	–	9,400	–	0.88%	–
UNP	New	UNION PACIFIC	$1,826,000	–	10,800	–	0.86%	–
CSCO	New	CISCO SYS INC	$1,744,000	–	31,885	–	0.82%	–
MRK	New	MERCK	$1,690,000	–	20,150	–	0.80%	–
ORCL	New	ORACLE	$1,669,000	–	29,300	–	0.79%	–
CVX	New	CHEVRON	$1,647,000	–	13,237	–	0.78%	–
ACN	New	ACCENTURE PLC SHS	$1,632,000	–	8,829	–	0.77%	–
FTV	New	FORTIVE CORP	$1,465,000	–	17,967	–	0.69%	–
	New	NOVOZYMES A S DKK 2.0	$1,446,000	–	31,096	–	0.68%	–
CHD	New	CHURCH & DWIGHT	$1,388,000	–	19,000	–	0.66%	–
CELG	New	CELGENE CORP	$1,359,000	–	14,707	–	0.64%	–
RHHBY	New	ROCHE HLDG LTD ADR	$1,357,000	–	38,650	–	0.64%	–
EMR	New	EMERSON ELECTRIC	$1,269,000	–	19,035	–	0.60%	–
DEO	New	DIAGEO PLC SPSD ADR	$1,230,000	–	7,140	–	0.58%	–
SBUX	New	STARBUCKS	$1,108,000	–	13,216	–	0.52%	–
MMP	New	MAGELLAN MIDSTREAM LP	$1,035,000	–	16,175	–	0.49%	–
ITW	New	ILLINOIS TOOL WORKS	$1,030,000	–	6,830	–	0.49%	–
NVDA	New	NVIDIA CORP	$1,022,000	–	6,215	–	0.48%	–
NEE	New	NEXTERA ENERGY	$1,004,000	–	4,900	–	0.47%	–
CL	New	COLGATE-PALMOLIVE	$994,000	–	13,875	–	0.47%	–
PBA	New	PEMBINA PIPELINE CO	$968,000	–	26,000	–	0.46%	–
IR	New	INGERSOLL RAND PLC	$963,000	–	7,600	–	0.46%	–
BMY	New	BRISTOL-MYERS SQUIBB	$924,000	–	20,361	–	0.44%	–
VZ	New	VERIZON COMMUNICATIONS	$866,000	–	15,165	–	0.41%	–
ADBE	New	ADOBE SYS	$848,000	–	2,880	–	0.40%	–
COST	New	COSTCO WHOLESALE	$837,000	–	3,167	–	0.40%	–
CMCSA	New	COMCAST CORP NEW CL A	$803,000	–	19,000	–	0.38%	–
TFX	New	TELEFLEX	$786,000	–	2,375	–	0.37%	–
GOOG	New	ALPHABET INC CL C	$769,000	–	711	–	0.36%	–
GILD	New	GILEAD SCIENCES	$744,000	–	11,012	–	0.35%	–
QCOM	New	QUALCOMM	$663,000	–	8,725	–	0.31%	–
BXP	New	BOSTON PPTYS INC REIT	$645,000	–	5,000	–	0.30%	–
PFE	New	PFIZER	$574,000	–	13,250	–	0.27%	–
MCD	New	MCDONALDS CORP	$571,000	–	2,750	–	0.27%	–
BDX	New	BECTON DICKINSON	$563,000	–	2,235	–	0.27%	–
SYY	New	SYSCO	$551,000	–	7,795	–	0.26%	–
IPGP	New	IPG PHOTONICS	$531,000	–	3,446	–	0.25%	–
YUM	New	YUM BRANDS	$526,000	–	4,750	–	0.25%	–
NKE	New	NIKE INC CLASS B	$507,000	–	6,041	–	0.24%	–
EOG	New	EOG RESOURCES	$504,000	–	5,412	–	0.24%	–
AVGO	New	BROADCOM INC	$497,000	–	1,725	–	0.24%	–
GD	New	GENERAL DYNAMICS	$473,000	–	2,600	–	0.22%	–
WM	New	WASTE MANAGEMENT INC	$450,000	–	3,900	–	0.21%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$435,000	–	7,950	–	0.20%	–
TXN	New	TEXAS INSTRUMENTS	$430,000	–	3,750	–	0.20%	–
DD	New	DUPONT DE NEMOURS INC	$428,000	–	5,700	–	0.20%	–
KO	New	COCA COLA	$428,000	–	8,400	–	0.20%	–
J	New	JACOBS ENGINEERING	$380,000	–	4,500	–	0.18%	–
	New	EATON VANCE ATLANTA CAPITAL SMequity mutual fu	$369,000	–	9,783	–	0.17%	–
RTN	New	RAYTHEON	$365,000	–	2,100	–	0.17%	–
EPD	New	ENTERPRISE PRODUCTS PTNR	$346,000	–	12,000	–	0.16%	–
ALLE	New	ALLEGION PLC	$295,000	–	2,666	–	0.14%	–
ALC	New	ALCON INC	$277,000	–	4,473	–	0.13%	–
YUMC	New	YUM CHINA HOLDINGS, INC	$277,000	–	6,000	–	0.13%	–
CI	New	CIGNA CORP NEW	$276,000	–	1,750	–	0.13%	–
DOW	New	DOW CHEMICAL COMPANY	$276,000	–	5,594	–	0.13%	–
IP	New	INTL PAPER	$260,000	–	6,000	–	0.12%	–
DE	New	DEERE & CO	$252,000	–	1,525	–	0.12%	–
WFC	New	WELLS FARGO	$236,000	–	5,000	–	0.11%	–
CRM	New	SALESFORCE.COM	$228,000	–	1,500	–	0.11%	–
APD	New	AIR PRODUCTS & CHEM	$226,000	–	1,000	–	0.11%	–
PAYX	New	PAYCHEX	$225,000	–	2,730	–	0.11%	–
CERN	New	CERNER	$220,000	–	3,000	–	0.10%	–
COP	New	CONOCOPHILLIPS	$208,000	–	3,414	–	0.10%	–
GE	New	GENERAL ELECTRIC	$114,000	–	10,860	–	0.05%	–

Q4 2018

			Value		Shares		↓ Weighting
USB	Exit	US BANCORP	$0	–	-3,835	–	-0.11%	–
SBUX	Exit	STARBUCKS	$0	–	-3,916	–	-0.12%	–
DE	Exit	DEERE & CO	$0	–	-1,525	–	-0.12%	–
ALLE	Exit	ALLEGION PLC	$0	–	-2,666	–	-0.13%	–
COL	Exit	ROCKWELL COLLINS	$0	–	-1,915	–	-0.14%	–
PSX	Exit	PHILLIPS 66	$0	–	-2,444	–	-0.15%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-3,653	–	-0.15%	–
IP	Exit	INTL PAPER	$0	–	-6,000	–	-0.16%	–
EOG	Exit	EOG RESOURCES	$0	–	-2,317	–	-0.16%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-265	–	-0.17%	–
J	Exit	JACOBS ENGINEERING	$0	–	-4,500	–	-0.18%	–
PAYX	Exit	PAYCHEX	$0	–	-4,980	–	-0.20%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-2,325	–	-0.21%	–
KO	Exit	COCA COLA	$0	–	-8,500	–	-0.21%	–
CI	Exit	CIGNA	$0	–	-1,900	–	-0.21%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-3,750	–	-0.22%	–
MMP	Exit	MAGELLAN MIDSTREAM LP	$0	–	-5,975	–	-0.22%	–
PYPL	Exit	PAYPAL HOLDINGS	$0	–	-5,105	–	-0.24%	–
MCD	Exit	MCDONALDS CORP	$0	–	-2,850	–	-0.26%	–
IPGP	Exit	IPG PHOTONICS	$0	–	-3,130	–	-0.26%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-44,814	–	-0.27%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-6,066	–	-0.28%	–
SJM	Exit	SMUCKER J M	$0	–	-5,230	–	-0.29%	–
SLB	Exit	SCHLUMBERGER	$0	–	-9,115	–	-0.30%	–
SYY	Exit	SYSCO	$0	–	-8,261	–	-0.32%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-8,315	–	-0.32%	–
PFE	Exit	PFIZER	$0	–	-14,650	–	-0.34%	–
ECL	Exit	ECOLAB INC	$0	–	-4,125	–	-0.35%	–
CHD	Exit	CHURCH & DWIGHT	$0	–	-11,200	–	-0.36%	–
AMZN	Exit	AMAZON.COM	$0	–	-340	–	-0.36%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-4,990	–	-0.38%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-20,300	–	-0.38%	–
IR	Exit	INGERSOLL RAND PLC	$0	–	-7,700	–	-0.42%	–
ADBE	Exit	ADOBE SYS	$0	–	-2,980	–	-0.43%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-11,217	–	-0.46%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-26,800	–	-0.49%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-17,150	–	-0.49%	–
ACN	Exit	ACCENTURE PLC SHS	$0	–	-5,825	–	-0.53%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-14,840	–	-0.53%	–
DEO	Exit	DIAGEO PLC SPSD ADR	$0	–	-7,665	–	-0.58%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-18,126	–	-0.62%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-41,192	–	-0.66%	–
SYK	Exit	STRYKER CORP	$0	–	-7,250	–	-0.69%	–
FTV	Exit	FORTIVE CORP	$0	–	-15,392	–	-0.69%	–
CVX	Exit	CHEVRON	$0	–	-10,630	–	-0.70%	–
QCOM	Exit	QUALCOMM	$0	–	-18,190	–	-0.70%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-21,511	–	-0.71%	–
XYL	Exit	XYLEM INC	$0	–	-17,945	–	-0.77%	–
CSCO	Exit	CISCO SYS INC	$0	–	-30,840	–	-0.80%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-19,650	–	-0.80%	–
HON	Exit	HONEYWELL INTL	$0	–	-9,199	–	-0.81%	–
MRK	Exit	MERCK	$0	–	-21,980	–	-0.83%	–
UNP	Exit	UNION PACIFIC	$0	–	-9,750	–	-0.85%	–
ORCL	Exit	ORACLE	$0	–	-31,850	–	-0.88%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-31,156	–	-0.91%	–
LOW	Exit	LOWES COMPANIES	$0	–	-15,100	–	-0.93%	–
NVDA	Exit	NVIDIA CORP	$0	–	-6,240	–	-0.94%	–
CELG	Exit	CELGENE CORP	$0	–	-20,664	–	-0.99%	–
PEP	Exit	PEPSICO	$0	–	-17,241	–	-1.03%	–
XLNX	Exit	XILINX	$0	–	-24,565	–	-1.05%	–
JPM	Exit	JPMORGAN CHASE	$0	–	-18,462	–	-1.11%	–
ILMN	Exit	ILLUMINA	$0	–	-6,220	–	-1.22%	–
AMGN	Exit	AMGEN INC	$0	–	-12,307	–	-1.36%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-49,180	–	-1.44%	–
HD	Exit	HOME DEPOT	$0	–	-13,370	–	-1.48%	–
ABBV	Exit	ABBVIE	$0	–	-32,950	–	-1.67%	–
DHR	Exit	DANAHER CORP	$0	–	-31,915	–	-1.85%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-43,470	–	-2.00%	–
ADI	Exit	ANALOG DEVICES	$0	–	-42,046	–	-2.08%	–
CVS	Exit	CVS HEALTH	$0	–	-51,170	–	-2.15%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-47,535	–	-2.28%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-23,088	–	-2.32%	–
FISV	Exit	FISERV	$0	–	-55,064	–	-2.42%	–
CB	Exit	CHUBB LIMITED	$0	–	-34,605	–	-2.47%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-56,511	–	-2.52%	–
XOM	Exit	EXXON MOBIL	$0	–	-56,582	–	-2.57%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-58,341	–	-2.60%	–
MMM	Exit	3M	$0	–	-25,655	–	-2.89%	–
ATR	Exit	APTARGROUP	$0	–	-51,260	–	-2.95%	–
UTX	Exit	UNITED TECHNOLOGIES	$0	–	-40,306	–	-3.01%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-49,752	–	-3.04%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-4,752	–	-3.07%	–
INTC	Exit	INTEL CORP	$0	–	-140,264	–	-3.55%	–
ABT	Exit	ABBOTT LABS	$0	–	-91,700	–	-3.60%	–
AAPL	Exit	APPLE INC	$0	–	-31,966	–	-3.86%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-53,368	–	-3.94%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-52,297	–	-4.21%	–
MA	Exit	MASTERCARD	$0	–	-37,509	–	-4.46%	–

Q3 2018

			Value		Shares		↓ Weighting
MA	Sell	MASTERCARD	$8,351,000	+12.9%	37,509	-0.3%	4.46%	+1.9%
ADP	Buy	AUTOMATIC DATA PROCESSING	$7,878,000	+12.9%	52,297	+0.5%	4.21%	+1.9%
JNJ	Buy	JOHNSON & JOHNSON	$7,375,000	+15.6%	53,368	+1.5%	3.94%	+4.3%
AAPL	Sell	APPLE INC	$7,217,000	+21.9%	31,966	-0.1%	3.86%	+10.0%
ABT	Buy	ABBOTT LABS	$6,727,000	+21.6%	91,700	+1.1%	3.60%	+9.8%
INTC	Sell	INTEL CORP	$6,633,000	-5.4%	140,264	-0.5%	3.55%	-14.6%
GOOGL	Buy	ALPHABET INC CL A	$5,736,000	+8.6%	4,752	+1.6%	3.07%	-2.0%
MSFT	Sell	MICROSOFT CORP	$5,690,000	+10.9%	49,752	-4.4%	3.04%	+0.1%
UTX	Buy	UNITED TECHNOLOGIES	$5,635,000	+14.7%	40,306	+2.6%	3.01%	+3.6%
ATR	Buy	APTARGROUP	$5,523,000	+16.9%	51,260	+1.3%	2.95%	+5.5%
MMM	Buy	3M	$5,405,000	+9.9%	25,655	+2.6%	2.89%	-0.8%
PG	Sell	PROCTER & GAMBLE	$4,856,000	+6.6%	58,341	-0.0%	2.60%	-3.8%
XOM	Sell	EXXON MOBIL	$4,812,000	+2.5%	56,582	-0.3%	2.57%	-7.4%
NSRGY	Sell	NESTLE SA ADR	$4,703,000	+5.8%	56,511	-1.5%	2.52%	-4.4%
CB	Buy	CHUBB LIMITED	$4,623,000	+8.4%	34,605	+3.1%	2.47%	-2.1%
FISV	Buy	FISERV	$4,536,000	+11.9%	55,064	+0.6%	2.42%	+1.0%
ROK	Buy	ROCKWELL AUTOMATION	$4,331,000	+14.1%	23,088	+1.1%	2.32%	+3.0%
CNI	Buy	CANADIAN NATL RAILWAY	$4,269,000	+14.5%	47,535	+4.2%	2.28%	+3.3%
CVS	Sell	CVS HEALTH	$4,027,000	+22.2%	51,170	-0.1%	2.15%	+10.3%
ADI	Buy	ANALOG DEVICES	$3,887,000	-1.5%	42,046	+2.2%	2.08%	-11.1%
NVS	Buy	NOVARTIS AG ADR	$3,746,000	+19.6%	43,470	+4.9%	2.00%	+8.0%
DHR	Buy	DANAHER CORP	$3,468,000	+12.2%	31,915	+1.9%	1.85%	+1.3%
HD	Buy	HOME DEPOT	$2,769,000	+13.3%	13,370	+6.7%	1.48%	+2.3%
UL	Buy	UNILEVER PLC NEW ADR	$2,703,000	+2.7%	49,180	+3.3%	1.44%	-7.4%
AMGN	Sell	AMGEN INC	$2,551,000	+9.4%	12,307	-2.6%	1.36%	-1.2%
ILMN	Sell	ILLUMINA	$2,282,000	+30.0%	6,220	-1.0%	1.22%	+17.3%
JPM	Sell	JPMORGAN CHASE	$2,083,000	+6.5%	18,462	-1.7%	1.11%	-3.9%
XLNX	Buy	XILINX	$1,968,000	+26.4%	24,565	+2.9%	1.05%	+14.1%
CELG	Buy	CELGENE CORP	$1,849,000	+14.2%	20,664	+1.3%	0.99%	+3.1%
NVDA	Sell	NVIDIA CORP	$1,753,000	+18.4%	6,240	-0.2%	0.94%	+6.8%
LOW	Sell	LOWES COMPANIES	$1,734,000	+17.5%	15,100	-2.3%	0.93%	+6.1%
	Buy	NOVOZYMES A S DKK 2.0	$1,705,000	+9.9%	31,156	+1.6%	0.91%	-0.8%
ORCL	Sell	ORACLE	$1,642,000	+12.8%	31,850	-3.6%	0.88%	+1.9%
HON	Sell	HONEYWELL INTL	$1,514,000	+11.8%	9,199	-2.1%	0.81%	+1.0%
CSCO	Sell	CISCO SYS INC	$1,501,000	+12.1%	30,840	-0.8%	0.80%	+1.3%
XYL	Buy	XYLEM INC	$1,433,000	+25.5%	17,945	+5.9%	0.77%	+13.3%
QCOM	Sell	QUALCOMM	$1,310,000	+12.0%	18,190	-12.7%	0.70%	+1.0%
FTV	Buy	FORTIVE CORP	$1,296,000	+15.2%	15,392	+5.5%	0.69%	+4.1%
RHHBY	Sell	ROCHE HLDG LTD ADR	$1,242,000	+8.6%	41,192	-0.4%	0.66%	-2.1%
GILD	Sell	GILEAD SCIENCES	$867,000	-18.1%	11,217	-24.9%	0.46%	-26.0%
CMCSA	Sell	COMCAST CORP NEW CL A	$719,000	+1.4%	20,300	-6.0%	0.38%	-8.6%
AMZN	Sell	AMAZON.COM	$681,000	+14.5%	340	-2.9%	0.36%	+3.4%
SLB	Buy	SCHLUMBERGER	$555,000	-9.0%	9,115	+0.1%	0.30%	-17.7%
SJM	Buy	SMUCKER J M	$537,000	-0.7%	5,230	+4.0%	0.29%	-10.3%
GE	Sell	GENERAL ELECTRIC	$506,000	-24.6%	44,814	-9.1%	0.27%	-31.7%
PYPL	New	PAYPAL HOLDINGS	$448,000	–	5,105	–	0.24%	–
TXN	Sell	TEXAS INSTRUMENTS	$402,000	-8.8%	3,750	-6.2%	0.22%	-17.6%
SBUX	New	STARBUCKS	$223,000	–	3,916	–	0.12%	–
USB	New	US BANCORP	$203,000	–	3,835	–	0.11%	–

Q2 2018

			Value		Shares		↓ Weighting
MA	New	MASTERCARD	$7,395,000	–	37,629	–	4.38%	–
INTC	New	INTEL CORP	$7,009,000	–	140,999	–	4.15%	–
ADP	New	AUTOMATIC DATA PROCESSING	$6,978,000	–	52,032	–	4.13%	–
JNJ	New	JOHNSON & JOHNSON	$6,381,000	–	52,593	–	3.78%	–
AAPL	New	APPLE INC	$5,921,000	–	31,986	–	3.51%	–
ABT	New	ABBOTT LABS	$5,532,000	–	90,700	–	3.28%	–
GOOGL	New	ALPHABET INC CL A	$5,281,000	–	4,677	–	3.13%	–
MSFT	New	MICROSOFT CORP	$5,132,000	–	52,052	–	3.04%	–
MMM	New	3M	$4,918,000	–	25,000	–	2.91%	–
UTX	New	UNITED TECHNOLOGIES	$4,911,000	–	39,281	–	2.91%	–
ATR	New	APTARGROUP	$4,723,000	–	50,585	–	2.80%	–
XOM	New	EXXON MOBIL	$4,693,000	–	56,732	–	2.78%	–
PG	New	PROCTER & GAMBLE	$4,556,000	–	58,356	–	2.70%	–
NSRGY	New	NESTLE SA ADR	$4,444,000	–	57,391	–	2.63%	–
CB	New	CHUBB LIMITED	$4,264,000	–	33,565	–	2.53%	–
FISV	New	FISERV	$4,054,000	–	54,724	–	2.40%	–
ADI	New	ANALOG DEVICES	$3,946,000	–	41,146	–	2.34%	–
ROK	New	ROCKWELL AUTOMATION	$3,796,000	–	22,838	–	2.25%	–
CNI	New	CANADIAN NATL RAILWAY	$3,729,000	–	45,635	–	2.21%	–
CVS	New	CVS HEALTH	$3,296,000	–	51,211	–	1.95%	–
NVS	New	NOVARTIS AG ADR	$3,131,000	–	41,445	–	1.86%	–
DHR	New	DANAHER CORP	$3,090,000	–	31,315	–	1.83%	–
ABBV	New	ABBVIE	$3,052,000	–	32,950	–	1.81%	–
UL	New	UNILEVER PLC NEW ADR	$2,633,000	–	47,630	–	1.56%	–
HD	New	HOME DEPOT	$2,445,000	–	12,535	–	1.45%	–
AMGN	New	AMGEN INC	$2,332,000	–	12,632	–	1.38%	–
JPM	New	JPMORGAN CHASE	$1,956,000	–	18,772	–	1.16%	–
PEP	New	PEPSICO	$1,876,000	–	17,241	–	1.11%	–
ILMN	New	ILLUMINA	$1,755,000	–	6,285	–	1.04%	–
CELG	New	CELGENE CORP	$1,619,000	–	20,389	–	0.96%	–
XLNX	New	XILINX	$1,557,000	–	23,865	–	0.92%	–
	New	NOVOZYMES A S DKK 2.0	$1,552,000	–	30,656	–	0.92%	–
NVDA	New	NVIDIA CORP	$1,480,000	–	6,250	–	0.88%	–
LOW	New	LOWES COMPANIES	$1,476,000	–	15,450	–	0.87%	–
ORCL	New	ORACLE	$1,456,000	–	33,050	–	0.86%	–
UNP	New	UNION PACIFIC	$1,381,000	–	9,750	–	0.82%	–
EMR	New	EMERSON ELECTRIC	$1,358,000	–	19,650	–	0.80%	–
HON	New	HONEYWELL INTL	$1,354,000	–	9,399	–	0.80%	–
CVX	New	CHEVRON	$1,344,000	–	10,630	–	0.80%	–
CSCO	New	CISCO SYS INC	$1,339,000	–	31,090	–	0.79%	–
MRK	New	MERCK	$1,335,000	–	21,980	–	0.79%	–
SYK	New	STRYKER CORP	$1,225,000	–	7,250	–	0.73%	–
DWDP	New	DOWDUPONT INC	$1,195,000	–	18,126	–	0.71%	–
BMY	New	BRISTOL-MYERS SQUIBB	$1,191,000	–	21,511	–	0.70%	–
QCOM	New	QUALCOMM	$1,170,000	–	20,845	–	0.69%	–
RHHBY	New	ROCHE HLDG LTD ADR	$1,144,000	–	41,357	–	0.68%	–
XYL	New	XYLEM INC	$1,142,000	–	16,945	–	0.68%	–
FTV	New	FORTIVE CORP	$1,125,000	–	14,592	–	0.67%	–
DEO	New	DIAGEO PLC SPSD ADR	$1,104,000	–	7,665	–	0.65%	–
GILD	New	GILEAD SCIENCES	$1,058,000	–	14,942	–	0.63%	–
CL	New	COLGATE-PALMOLIVE	$962,000	–	14,840	–	0.57%	–
ACN	New	ACCENTURE PLC SHS	$953,000	–	5,825	–	0.56%	–
PBA	New	PEMBINA PIPELINE CO	$927,000	–	26,800	–	0.55%	–
VZ	New	VERIZON COMMUNICATIONS	$863,000	–	17,150	–	0.51%	–
ADBE	New	ADOBE SYS	$726,000	–	2,980	–	0.43%	–
CMCSA	New	COMCAST CORP NEW CL A	$709,000	–	21,600	–	0.42%	–
IPGP	New	IPG PHOTONICS	$692,000	–	3,130	–	0.41%	–
ITW	New	ILLINOIS TOOL WORKS	$691,000	–	4,990	–	0.41%	–
IR	New	INGERSOLL RAND PLC	$691,000	–	7,700	–	0.41%	–
GE	New	GENERAL ELECTRIC	$671,000	–	49,314	–	0.40%	–
SLB	New	SCHLUMBERGER	$610,000	–	9,105	–	0.36%	–
AMZN	New	AMAZON.COM	$595,000	–	350	–	0.35%	–
CHD	New	CHURCH & DWIGHT	$595,000	–	11,200	–	0.35%	–
ECL	New	ECOLAB INC	$579,000	–	4,125	–	0.34%	–
SYY	New	SYSCO	$563,000	–	8,261	–	0.33%	–
SJM	New	SMUCKER J M	$541,000	–	5,030	–	0.32%	–
PFE	New	PFIZER	$532,000	–	14,650	–	0.32%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$499,000	–	8,315	–	0.30%	–
NKE	New	NIKE INC CLASS B	$483,000	–	6,066	–	0.29%	–
MCD	New	MCDONALDS CORP	$447,000	–	2,850	–	0.26%	–
TXN	New	TEXAS INSTRUMENTS	$441,000	–	4,000	–	0.26%	–
MMP	New	MAGELLAN MIDSTREAM LP	$413,000	–	5,975	–	0.24%	–
NEE	New	NEXTERA ENERGY	$388,000	–	2,325	–	0.23%	–
KO	New	COCA COLA	$373,000	–	8,500	–	0.22%	–
PAYX	New	PAYCHEX	$341,000	–	4,980	–	0.20%	–
CI	New	CIGNA	$323,000	–	1,900	–	0.19%	–
IP	New	INTL PAPER	$312,000	–	6,000	–	0.18%	–
GOOG	New	ALPHABET INC CL C	$296,000	–	265	–	0.18%	–
EOG	New	EOG RESOURCES	$287,000	–	2,317	–	0.17%	–
J	New	JACOBS ENGINEERING	$286,000	–	4,500	–	0.17%	–
PSX	New	PHILLIPS 66	$274,000	–	2,444	–	0.16%	–
COL	New	ROCKWELL COLLINS	$258,000	–	1,915	–	0.15%	–
COP	New	CONOCOPHILLIPS	$254,000	–	3,653	–	0.15%	–
DE	New	DEERE & CO	$213,000	–	1,525	–	0.13%	–
ALLE	New	ALLEGION PLC	$206,000	–	2,666	–	0.12%	–

Q4 2017

			Value		Shares		↓ Weighting
DE	Exit	DEERE & CO	$0	–	-1,625	–	-0.13%	–
SBUX	Exit	STARBUCKS	$0	–	-3,916	–	-0.13%	–
CERN	Exit	CERNER	$0	–	-3,000	–	-0.13%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-4,553	–	-0.14%	–
ALLE	Exit	ALLEGION PLC	$0	–	-2,666	–	-0.14%	–
COL	Exit	ROCKWELL COLLINS	$0	–	-1,915	–	-0.16%	–
LLY	Exit	ELI LILLY & CO	$0	–	-3,000	–	-0.16%	–
J	Exit	JACOBS ENGINEERING	$0	–	-4,500	–	-0.16%	–
PSX	Exit	PHILLIPS 66	$0	–	-3,094	–	-0.18%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-311	–	-0.19%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-6,416	–	-0.21%	–
IP	Exit	INTL PAPER	$0	–	-6,000	–	-0.21%	–
USB	Exit	US BANCORP	$0	–	-6,435	–	-0.22%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-4,100	–	-0.23%	–
KO	Exit	COCA COLA	$0	–	-8,500	–	-0.24%	–
CI	Exit	CIGNA	$0	–	-2,100	–	-0.25%	–
AMZN	Exit	AMAZON.COM	$0	–	-410	–	-0.25%	–
PAYX	Exit	PAYCHEX	$0	–	-6,740	–	-0.25%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-2,875	–	-0.26%	–
MMP	Exit	MAGELLAN MIDSTREAM LP	$0	–	-5,975	–	-0.27%	–
SYY	Exit	SYSCO	$0	–	-8,351	–	-0.28%	–
ADBE	Exit	ADOBE SYS	$0	–	-3,060	–	-0.29%	–
MCD	Exit	MCDONALDS CORP	$0	–	-3,050	–	-0.30%	–
IPGP	Exit	IPG PHOTONICS	$0	–	-2,625	–	-0.30%	–
CHD	Exit	CHURCH & DWIGHT	$0	–	-11,200	–	-0.34%	–
PFE	Exit	PFIZER	$0	–	-15,500	–	-0.35%	–
ECL	Exit	ECOLAB INC	$0	–	-4,555	–	-0.37%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-8,315	–	-0.40%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-18,400	–	-0.40%	–
IR	Exit	INGERSOLL RAND PLC	$0	–	-8,000	–	-0.45%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-4,990	–	-0.46%	–
ACN	Exit	ACCENTURE PLC SHS	$0	–	-6,026	–	-0.51%	–
UNP	Exit	UNION PACIFIC	$0	–	-7,050	–	-0.51%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-21,600	–	-0.52%	–
WFC	Exit	WELLS FARGO	$0	–	-15,300	–	-0.53%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-18,190	–	-0.56%	–
FTV	Exit	FORTIVE CORP	$0	–	-12,959	–	-0.58%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-15,161	–	-0.60%	–
NVDA	Exit	NVIDIA CORP	$0	–	-5,990	–	-0.67%	–
SYK	Exit	STRYKER CORP	$0	–	-7,770	–	-0.69%	–
DEO	Exit	DIAGEO PLC SPSD ADR	$0	–	-8,405	–	-0.70%	–
XYL	Exit	XYLEM INC	$0	–	-17,725	–	-0.70%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-15,670	–	-0.72%	–
QCOM	Exit	QUALCOMM	$0	–	-22,045	–	-0.72%	–
CSCO	Exit	CISCO SYS INC	$0	–	-34,430	–	-0.73%	–
MRK	Exit	MERCK	$0	–	-18,930	–	-0.76%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-15,197	–	-0.77%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-24,156	–	-0.78%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-18,198	–	-0.79%	–
ILMN	Exit	ILLUMINA	$0	–	-6,330	–	-0.79%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-20,775	–	-0.82%	–
CVX	Exit	CHEVRON	$0	–	-11,580	–	-0.85%	–
SJM	Exit	SMUCKER J M	$0	–	-13,165	–	-0.86%	–
XLNX	Exit	XILINX	$0	–	-21,035	–	-0.93%	–
SLB	Exit	SCHLUMBERGER	$0	–	-21,540	–	-0.94%	–
LOW	Exit	LOWES COMPANIES	$0	–	-19,200	–	-0.96%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-48,587	–	-0.97%	–
HD	Exit	HOME DEPOT	$0	–	-10,410	–	-1.07%	–
ORCL	Exit	ORACLE	$0	–	-35,962	–	-1.09%	–
PEP	Exit	PEPSICO	$0	–	-16,081	–	-1.12%	–
HON	Exit	HONEYWELL INTL	$0	–	-12,649	–	-1.12%	–
JPM	Exit	JPMORGAN CHASE	$0	–	-19,832	–	-1.19%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-80,655	–	-1.22%	–
DHR	Exit	DANAHER CORP	$0	–	-26,075	–	-1.40%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-40,655	–	-1.48%	–
AMGN	Exit	AMGEN INC	$0	–	-13,967	–	-1.63%	–
CELG	Exit	CELGENE CORP	$0	–	-18,400	–	-1.68%	–
ABBV	Exit	ABBVIE	$0	–	-31,970	–	-1.78%	–
ADI	Exit	ANALOG DEVICES	$0	–	-34,766	–	-1.88%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-35,225	–	-1.89%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-38,960	–	-2.02%	–
FISV	Exit	FISERV	$0	–	-27,325	–	-2.21%	–
CVS	Exit	CVS HEALTH	$0	–	-45,526	–	-2.32%	–
ATR	Exit	APTARGROUP	$0	–	-45,573	–	-2.46%	–
UTX	Exit	UNITED TECHNOLOGIES	$0	–	-34,786	–	-2.53%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-22,858	–	-2.55%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-4,261	–	-2.60%	–
CB	Exit	CHUBB LIMITED	$0	–	-29,593	–	-2.64%	–
XOM	Exit	EXXON MOBIL	$0	–	-51,521	–	-2.65%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-58,769	–	-2.74%	–
ABT	Exit	ABBOTT LABS	$0	–	-84,820	–	-2.84%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-53,977	–	-2.84%	–
AAPL	Exit	APPLE INC	$0	–	-30,359	–	-2.93%	–
INTC	Exit	INTEL CORP	$0	–	-138,212	–	-3.30%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-58,763	–	-3.35%	–
MMM	Exit	3M	$0	–	-25,485	–	-3.35%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-50,162	–	-3.44%	–
MA	Exit	MASTERCARD	$0	–	-39,205	–	-3.47%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-53,762	–	-4.38%	–

Q3 2017

			Value		Shares		↓ Weighting
JNJ	Sell	JOHNSON & JOHNSON	$6,991,000	-4.0%	53,762	-2.3%	4.38%	-7.0%
MA	Buy	MASTERCARD	$5,536,000	+16.6%	39,205	+0.3%	3.47%	+12.9%
ADP	Sell	AUTOMATIC DATA PROCESSING	$5,483,000	+3.7%	50,162	-2.8%	3.44%	+0.5%
MMM	Sell	3M	$5,350,000	-1.9%	25,485	-2.7%	3.35%	-5.0%
PG	Sell	PROCTER & GAMBLE	$5,346,000	+4.2%	58,763	-0.2%	3.35%	+0.9%
INTC	Sell	INTEL CORP	$5,263,000	+11.0%	138,212	-1.7%	3.30%	+7.5%
AAPL	Sell	APPLE INC	$4,679,000	+6.0%	30,359	-0.9%	2.93%	+2.7%
NSRGY	Sell	NESTLE SA ADR	$4,534,000	-4.0%	53,977	-0.3%	2.84%	-7.0%
ABT	Buy	ABBOTT LABS	$4,527,000	+10.8%	84,820	+1.0%	2.84%	+7.3%
MSFT	Sell	MICROSOFT CORP	$4,377,000	+5.0%	58,769	-2.9%	2.74%	+1.7%
XOM	Sell	EXXON MOBIL	$4,223,000	+1.5%	51,521	-0.0%	2.65%	-1.7%
CB	Buy	CHUBB LIMITED	$4,218,000	-1.0%	29,593	+1.0%	2.64%	-4.1%
GOOGL	Buy	ALPHABET INC CL A	$4,149,000	+5.1%	4,261	+0.4%	2.60%	+1.8%
ROK	Sell	ROCKWELL AUTOMATION	$4,073,000	+10.0%	22,858	-0.0%	2.55%	+6.6%
UTX	Buy	UNITED TECHNOLOGIES	$4,038,000	-4.7%	34,786	+0.2%	2.53%	-7.7%
ATR	Buy	APTARGROUP	$3,933,000	+0.1%	45,573	+0.7%	2.46%	-3.0%
CVS	Sell	CVS HEALTH	$3,702,000	+0.8%	45,526	-0.2%	2.32%	-2.3%
FISV	Sell	FISERV	$3,524,000	+5.2%	27,325	-0.2%	2.21%	+1.9%
CNI	Sell	CANADIAN NATL RAILWAY	$3,227,000	+2.0%	38,960	-0.3%	2.02%	-1.2%
NVS	Buy	NOVARTIS AG ADR	$3,023,000	+3.5%	35,225	+0.7%	1.89%	+0.3%
ADI	Buy	ANALOG DEVICES	$2,995,000	+22.0%	34,766	+10.2%	1.88%	+18.2%
ABBV	Sell	ABBVIE	$2,841,000	+17.9%	31,970	-3.8%	1.78%	+14.2%
CELG	Buy	CELGENE CORP	$2,684,000	+12.9%	18,400	+0.5%	1.68%	+9.4%
AMGN	Sell	AMGEN INC	$2,604,000	+7.5%	13,967	-0.7%	1.63%	+4.1%
UL	Buy	UNILEVER PLC NEW ADR	$2,357,000	+12.0%	40,655	+4.5%	1.48%	+8.4%
DHR	Buy	DANAHER CORP	$2,237,000	+4.6%	26,075	+2.9%	1.40%	+1.3%
GE	Sell	GENERAL ELECTRIC	$1,950,000	-11.2%	80,655	-0.8%	1.22%	-14.0%
JPM	Sell	JPMORGAN CHASE	$1,894,000	+3.9%	19,832	-0.6%	1.19%	+0.7%
HON	Sell	HONEYWELL INTL	$1,793,000	+5.3%	12,649	-1.0%	1.12%	+2.1%
PEP	Buy	PEPSICO	$1,793,000	-2.9%	16,081	+0.6%	1.12%	-5.9%
ORCL	Sell	ORACLE	$1,739,000	-4.9%	35,962	-1.4%	1.09%	-7.9%
HD	Buy	HOME DEPOT	$1,703,000	+35.7%	10,410	+27.2%	1.07%	+31.4%
RHHBY	Buy	ROCHE HLDG LTD ADR	$1,555,000	+3.3%	48,587	+2.6%	0.97%	0.0%
SLB	Sell	SCHLUMBERGER	$1,502,000	-1.2%	21,540	-6.6%	0.94%	-4.3%
XLNX	Buy	XILINX	$1,489,000	+12.1%	21,035	+1.8%	0.93%	+8.6%
SJM	Sell	SMUCKER J M	$1,381,000	-18.5%	13,165	-8.1%	0.86%	-21.1%
EMR	Sell	EMERSON ELECTRIC	$1,305,000	+2.3%	20,775	-2.9%	0.82%	-1.0%
ILMN	Buy	ILLUMINA	$1,261,000	+19.5%	6,330	+4.1%	0.79%	+15.7%
DWDP	New	DOWDUPONT INC	$1,260,000	–	18,198	–	0.79%	–
	Sell	NOVOZYMES A S DKK 2.0	$1,237,000	+3.6%	24,156	-11.5%	0.78%	+0.3%
GILD	Sell	GILEAD SCIENCES	$1,232,000	+4.4%	15,197	-8.9%	0.77%	+1.2%
MRK	Sell	MERCK	$1,213,000	-1.6%	18,930	-1.6%	0.76%	-4.8%
CSCO	Sell	CISCO SYS INC	$1,159,000	+7.0%	34,430	-0.6%	0.73%	+3.6%
QCOM	Sell	QUALCOMM	$1,143,000	-30.4%	22,045	-25.9%	0.72%	-32.6%
CL	Sell	COLGATE-PALMOLIVE	$1,142,000	-2.6%	15,670	-0.9%	0.72%	-5.7%
XYL	Buy	XYLEM INC	$1,110,000	+15.0%	17,725	+1.9%	0.70%	+11.5%
SYK	Buy	STRYKER CORP	$1,104,000	+3.5%	7,770	+1.0%	0.69%	+0.3%
NVDA	Sell	NVIDIA CORP	$1,072,000	+23.2%	5,990	-0.4%	0.67%	+19.4%
FTV	Buy	FORTIVE CORP	$917,000	+46.7%	12,959	+31.3%	0.58%	+42.3%
WFC	Sell	WELLS FARGO	$844,000	-1.1%	15,300	-0.7%	0.53%	-4.2%
CMCSA	Sell	COMCAST CORP NEW CL A	$831,000	-5.6%	21,600	-4.4%	0.52%	-8.4%
UNP	Buy	UNION PACIFIC	$818,000	+7.2%	7,050	+0.7%	0.51%	+3.8%
ACN	Buy	ACCENTURE PLC SHS	$814,000	+11.5%	6,026	+2.1%	0.51%	+8.1%
ITW	Buy	ILLINOIS TOOL WORKS	$738,000	+5.4%	4,990	+2.0%	0.46%	+2.0%
PBA	Sell	PEMBINA PIPELINE CO	$646,000	-4.4%	18,400	-9.8%	0.40%	-7.3%
ECL	Buy	ECOLAB INC	$586,000	-0.3%	4,555	+2.8%	0.37%	-3.4%
PFE	Sell	PFIZER	$553,000	+4.9%	15,500	-1.3%	0.35%	+1.8%
CHD	Buy	CHURCH & DWIGHT	$543,000	-4.9%	11,200	+1.8%	0.34%	-7.9%
IPGP	Sell	IPG PHOTONICS	$486,000	-3.8%	2,625	-24.5%	0.30%	-6.7%
SYY	Sell	SYSCO	$450,000	+6.6%	8,351	-0.4%	0.28%	+3.3%
MMP	Sell	MAGELLAN MIDSTREAM LP	$425,000	-0.7%	5,975	-0.4%	0.27%	-4.0%
NEE	Sell	NEXTERA ENERGY	$421,000	+3.7%	2,875	-0.9%	0.26%	+0.4%
PAYX	Sell	PAYCHEX	$404,000	-10.4%	6,740	-14.9%	0.25%	-13.4%
GOOG	Buy	ALPHABET INC CL C	$298,000	+9.2%	311	+3.3%	0.19%	+5.6%
PSX	Sell	PHILLIPS 66	$284,000	+9.7%	3,094	-1.4%	0.18%	+6.0%
COL	Sell	ROCKWELL COLLINS	$250,000	-1.6%	1,915	-20.7%	0.16%	-4.3%
CERN	New	CERNER	$214,000	–	3,000	–	0.13%	–
HOLX	Exit	HOLOGIC	$0	–	-4,690	–	-0.14%	–
NXPI	Exit	NXP SEMICONDUCTORS	$0	–	-3,900	–	-0.28%	–
JCI	Exit	JOHNSON CONTROLS	$0	–	-15,503	–	-0.43%	–
DD	Exit	DU PONT	$0	–	-14,197	–	-0.74%	–

Q2 2017

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$7,281,000	–	55,037	–	4.71%	–
MMM	New	3M	$5,455,000	–	26,200	–	3.53%	–
ADP	New	AUTOMATIC DATA PROCESSING	$5,285,000	–	51,582	–	3.42%	–
PG	New	PROCTER & GAMBLE	$5,130,000	–	58,863	–	3.32%	–
MA	New	MASTERCARD	$4,749,000	–	39,105	–	3.07%	–
INTC	New	INTEL CORP	$4,741,000	–	140,537	–	3.07%	–
NSRGY	New	NESTLE SA ADR	$4,721,000	–	54,152	–	3.05%	–
AAPL	New	APPLE INC	$4,413,000	–	30,639	–	2.86%	–
CB	New	CHUBB LIMITED	$4,259,000	–	29,293	–	2.76%	–
UTX	New	UNITED TECHNOLOGIES	$4,238,000	–	34,706	–	2.74%	–
MSFT	New	MICROSOFT CORP	$4,170,000	–	60,494	–	2.70%	–
XOM	New	EXXON MOBIL	$4,162,000	–	51,546	–	2.69%	–
ABT	New	ABBOTT LABS	$4,085,000	–	84,020	–	2.64%	–
GOOGL	New	ALPHABET INC CL A	$3,946,000	–	4,245	–	2.55%	–
ATR	New	APTARGROUP	$3,929,000	–	45,238	–	2.54%	–
ROK	New	ROCKWELL AUTOMATION	$3,702,000	–	22,860	–	2.40%	–
CVS	New	CVS HEALTH	$3,671,000	–	45,622	–	2.38%	–
FISV	New	FISERV	$3,349,000	–	27,380	–	2.17%	–
CNI	New	CANADIAN NATL RAILWAY	$3,164,000	–	39,060	–	2.05%	–
NVS	New	NOVARTIS AG ADR	$2,920,000	–	34,975	–	1.89%	–
ADI	New	ANALOG DEVICES	$2,455,000	–	31,556	–	1.59%	–
AMGN	New	AMGEN INC	$2,422,000	–	14,067	–	1.57%	–
ABBV	New	ABBVIE	$2,409,000	–	33,220	–	1.56%	–
CELG	New	CELGENE CORP	$2,377,000	–	18,300	–	1.54%	–
GE	New	GENERAL ELECTRIC	$2,196,000	–	81,295	–	1.42%	–
DHR	New	DANAHER CORP	$2,139,000	–	25,345	–	1.38%	–
UL	New	UNILEVER PLC NEW ADR	$2,105,000	–	38,905	–	1.36%	–
PEP	New	PEPSICO	$1,846,000	–	15,981	–	1.19%	–
ORCL	New	ORACLE	$1,829,000	–	36,487	–	1.18%	–
JPM	New	JPMORGAN CHASE	$1,823,000	–	19,942	–	1.18%	–
HON	New	HONEYWELL INTL	$1,702,000	–	12,774	–	1.10%	–
SJM	New	SMUCKER J M	$1,695,000	–	14,325	–	1.10%	–
QCOM	New	QUALCOMM	$1,643,000	–	29,745	–	1.06%	–
SLB	New	SCHLUMBERGER	$1,520,000	–	23,060	–	0.98%	–
RHHBY	New	ROCHE HLDG LTD ADR	$1,505,000	–	47,342	–	0.97%	–
LOW	New	LOWES COMPANIES	$1,488,000	–	19,200	–	0.96%	–
XLNX	New	XILINX	$1,328,000	–	20,655	–	0.86%	–
EMR	New	EMERSON ELECTRIC	$1,276,000	–	21,400	–	0.83%	–
HD	New	HOME DEPOT	$1,255,000	–	8,183	–	0.81%	–
MRK	New	MERCK	$1,233,000	–	19,230	–	0.80%	–
CVX	New	CHEVRON	$1,208,000	–	11,580	–	0.78%	–
	New	NOVOZYMES A S DKK 2.0	$1,194,000	–	27,296	–	0.77%	–
GILD	New	GILEAD SCIENCES	$1,180,000	–	16,682	–	0.76%	–
CL	New	COLGATE-PALMOLIVE	$1,173,000	–	15,819	–	0.76%	–
DD	New	DU PONT	$1,147,000	–	14,197	–	0.74%	–
CSCO	New	CISCO SYS INC	$1,083,000	–	34,621	–	0.70%	–
SYK	New	STRYKER CORP	$1,067,000	–	7,695	–	0.69%	–
ILMN	New	ILLUMINA	$1,055,000	–	6,080	–	0.68%	–
DEO	New	DIAGEO PLC SPSD ADR	$1,008,000	–	8,405	–	0.65%	–
XYL	New	XYLEM INC	$965,000	–	17,395	–	0.62%	–
CMCSA	New	COMCAST CORP NEW CL A	$880,000	–	22,600	–	0.57%	–
NVDA	New	NVIDIA CORP	$870,000	–	6,015	–	0.56%	–
WFC	New	WELLS FARGO	$853,000	–	15,402	–	0.55%	–
BMY	New	BRISTOL-MYERS SQUIBB	$844,000	–	15,161	–	0.55%	–
VZ	New	VERIZON COMMUNICATIONS	$812,000	–	18,190	–	0.52%	–
UNP	New	UNION PACIFIC	$763,000	–	7,000	–	0.49%	–
IR	New	INGERSOLL RAND PLC	$731,000	–	8,000	–	0.47%	–
ACN	New	ACCENTURE PLC SHS	$730,000	–	5,900	–	0.47%	–
ITW	New	ILLINOIS TOOL WORKS	$700,000	–	4,890	–	0.45%	–
PBA	New	PEMBINA PIPELINE CO	$676,000	–	20,400	–	0.44%	–
JCI	New	JOHNSON CONTROLS	$671,000	–	15,503	–	0.43%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$651,000	–	8,315	–	0.42%	–
FTV	New	FORTIVE CORP	$625,000	–	9,871	–	0.40%	–
ECL	New	ECOLAB INC	$588,000	–	4,430	–	0.38%	–
CHD	New	CHURCH & DWIGHT	$571,000	–	11,000	–	0.37%	–
PFE	New	PFIZER	$527,000	–	15,700	–	0.34%	–
IPGP	New	IPG PHOTONICS	$505,000	–	3,475	–	0.33%	–
MCD	New	MCDONALDS CORP	$467,000	–	3,050	–	0.30%	–
PAYX	New	PAYCHEX	$451,000	–	7,920	–	0.29%	–
ADBE	New	ADOBE SYS	$433,000	–	3,060	–	0.28%	–
MMP	New	MAGELLAN MIDSTREAM LP	$428,000	–	6,000	–	0.28%	–
NXPI	New	NXP SEMICONDUCTORS	$426,000	–	3,900	–	0.28%	–
SYY	New	SYSCO	$422,000	–	8,386	–	0.27%	–
NEE	New	NEXTERA ENERGY	$406,000	–	2,900	–	0.26%	–
AMZN	New	AMAZON.COM	$397,000	–	410	–	0.26%	–
KO	New	COCA COLA	$381,000	–	8,500	–	0.25%	–
NKE	New	NIKE INC CLASS B	$379,000	–	6,416	–	0.24%	–
CI	New	CIGNA	$351,000	–	2,100	–	0.23%	–
IP	New	INTL PAPER	$340,000	–	6,000	–	0.22%	–
USB	New	US BANCORP	$334,000	–	6,435	–	0.22%	–
TXN	New	TEXAS INSTRUMENTS	$315,000	–	4,100	–	0.20%	–
GOOG	New	ALPHABET INC CL C	$273,000	–	301	–	0.18%	–
PSX	New	PHILLIPS 66	$259,000	–	3,138	–	0.17%	–
COL	New	ROCKWELL COLLINS	$254,000	–	2,415	–	0.16%	–
LLY	New	ELI LILLY & CO	$247,000	–	3,000	–	0.16%	–
J	New	JACOBS ENGINEERING	$245,000	–	4,500	–	0.16%	–
SBUX	New	STARBUCKS	$228,000	–	3,916	–	0.15%	–
ALLE	New	ALLEGION PLC	$216,000	–	2,666	–	0.14%	–
HOLX	New	HOLOGIC	$213,000	–	4,690	–	0.14%	–
DE	New	DEERE & CO	$201,000	–	1,625	–	0.13%	–
COP	New	CONOCOPHILLIPS	$201,000	–	4,553	–	0.13%	–

Q4 2016

			Value		Shares		↓ Weighting
COP	Exit	CONOCOPHILLIPS	$0	–	-4,653	–	-0.14%	–
COL	Exit	ROCKWELL COLLINS	$0	–	-2,415	–	-0.14%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-283	–	-0.15%	–
ALNY	Exit	ALNYLAM PHARMA	$0	–	-3,386	–	-0.16%	–
OXY	Exit	OCCIDENTAL PETE	$0	–	-3,175	–	-0.16%	–
J	Exit	JACOBS ENGINEERING	$0	–	-4,500	–	-0.16%	–
WMT	Exit	WAL-MART STORES	$0	–	-3,400	–	-0.17%	–
PSX	Exit	PHILLIPS 66	$0	–	-3,138	–	-0.17%	–
FTV	Exit	FORTIVE CORP	$0	–	-5,105	–	-0.18%	–
LLY	Exit	ELI LILLY & CO	$0	–	-3,356	–	-0.18%	–
YUM	Exit	YUM BRANDS	$0	–	-3,000	–	-0.19%	–
CI	Exit	CIGNA	$0	–	-2,100	–	-0.19%	–
IPGP	Exit	IPG PHOTONICS	$0	–	-3,475	–	-0.20%	–
IP	Exit	INTL PAPER	$0	–	-6,000	–	-0.20%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-4,100	–	-0.20%	–
NVDA	Exit	NVIDIA CORP	$0	–	-4,355	–	-0.20%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-2,500	–	-0.21%	–
IBM	Exit	INTL BUSINESS MACH	$0	–	-2,020	–	-0.22%	–
USB	Exit	US BANCORP	$0	–	-7,635	–	-0.22%	–
ADBE	Exit	ADOBE SYS	$0	–	-3,060	–	-0.23%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-6,748	–	-0.24%	–
AMZN	Exit	AMAZON.COM	$0	–	-435	–	-0.25%	–
KO	Exit	COCA COLA	$0	–	-9,150	–	-0.26%	–
MCD	Exit	MCDONALDS CORP	$0	–	-3,580	–	-0.28%	–
SYY	Exit	SYSCO	$0	–	-8,461	–	-0.28%	–
MMP	Exit	MAGELLAN MIDSTREAM LP	$0	–	-6,000	–	-0.29%	–
HP	Exit	HELMERICH & PAYNE	$0	–	-6,440	–	-0.30%	–
PAYX	Exit	PAYCHEX	$0	–	-7,920	–	-0.31%	–
ECL	Exit	ECOLAB INC	$0	–	-4,000	–	-0.33%	–
CHD	Exit	CHURCH & DWIGHT	$0	–	-11,000	–	-0.36%	–
PRGO	Exit	PERRIGO CO	$0	–	-5,825	–	-0.37%	–
IR	Exit	INGERSOLL RAND PLC	$0	–	-8,100	–	-0.38%	–
PFE	Exit	PFIZER	$0	–	-16,250	–	-0.38%	–
LLTC	Exit	LINEAR TECHNOLOGY	$0	–	-9,650	–	-0.39%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-4,890	–	-0.40%	–
ADI	Exit	ANALOG DEVICES	$0	–	-10,100	–	-0.44%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-21,800	–	-0.45%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-8,315	–	-0.46%	–
UNP	Exit	UNION PACIFIC	$0	–	-7,000	–	-0.47%	–
ACN	Exit	ACCENTURE PLC SHS	$0	–	-5,950	–	-0.50%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-15,411	–	-0.57%	–
ILMN	Exit	ILLUMINA	$0	–	-4,655	–	-0.58%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-12,860	–	-0.58%	–
SYK	Exit	STRYKER CORP	$0	–	-7,695	–	-0.61%	–
XYL	Exit	XYLEM INC	$0	–	-17,455	–	-0.63%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-18,270	–	-0.65%	–
DD	Exit	DU PONT	$0	–	-14,297	–	-0.66%	–
DEO	Exit	DIAGEO PLC SPSD ADR	$0	–	-8,405	–	-0.67%	–
SE	Exit	SPECTRA ENERGY	$0	–	-23,165	–	-0.68%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-14,000	–	-0.71%	–
HD	Exit	HOME DEPOT	$0	–	-8,083	–	-0.71%	–
XLNX	Exit	XILINX	$0	–	-20,350	–	-0.76%	–
DHR	Exit	DANAHER CORP	$0	–	-14,405	–	-0.77%	–
JCI	Exit	JOHNSON CONTROLS	$0	–	-24,333	–	-0.77%	–
CVX	Exit	CHEVRON	$0	–	-12,180	–	-0.86%	–
MRK	Exit	MERCK	$0	–	-20,405	–	-0.87%	–
NXPI	Exit	NXP SEMICONDUCTORS	$0	–	-12,800	–	-0.89%	–
WFC	Exit	WELLS FARGO	$0	–	-29,826	–	-0.90%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-24,400	–	-0.91%	–
JPM	Exit	JPMORGAN CHASE	$0	–	-20,042	–	-0.91%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-45,187	–	-0.96%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-18,167	–	-0.98%	–
TGT	Exit	TARGET CORP	$0	–	-21,210	–	-1.00%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-33,411	–	-1.00%	–
LOW	Exit	LOWES COMPANIES	$0	–	-21,300	–	-1.05%	–
HON	Exit	HONEYWELL INTL	$0	–	-13,529	–	-1.08%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-36,910	–	-1.20%	–
ORCL	Exit	ORACLE	$0	–	-44,987	–	-1.21%	–
SLB	Exit	SCHLUMBERGER	$0	–	-24,995	–	-1.34%	–
QCOM	Exit	QUALCOMM	$0	–	-29,300	–	-1.37%	–
CELG	Exit	CELGENE CORP	$0	–	-19,600	–	-1.40%	–
PEP	Exit	PEPSICO	$0	–	-19,616	–	-1.46%	–
ABBV	Exit	ABBVIE	$0	–	-34,941	–	-1.51%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-80,959	–	-1.64%	–
AMGN	Exit	AMGEN INC	$0	–	-14,557	–	-1.66%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-38,655	–	-1.73%	–
FISV	Exit	FISERV	$0	–	-27,430	–	-1.86%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-34,925	–	-1.88%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-22,735	–	-1.90%	–
CSCO	Exit	CISCO SYS INC	$0	–	-88,585	–	-1.92%	–
CB	Exit	CHUBB LIMITED	$0	–	-25,908	–	-2.22%	–
AAPL	Exit	APPLE INC	$0	–	-29,050	–	-2.24%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-4,165	–	-2.29%	–
ABT	Exit	ABBOTT LABS	$0	–	-80,180	–	-2.32%	–
ATR	Exit	APTARGROUP	$0	–	-44,883	–	-2.38%	–
UTX	Exit	UNITED TECHNOLOGIES	$0	–	-34,561	–	-2.40%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-63,819	–	-2.51%	–
MA	Exit	MASTERCARD	$0	–	-39,330	–	-2.74%	–
CVS	Exit	CVS HEALTH	$0	–	-45,626	–	-2.78%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-55,342	–	-2.99%	–
XOM	Exit	EXXON MOBIL	$0	–	-50,597	–	-3.02%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-51,332	–	-3.10%	–
MMM	Exit	3M	$0	–	-28,748	–	-3.46%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-59,678	–	-3.66%	–
INTC	Exit	INTEL CORP	$0	–	-143,237	–	-3.70%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-56,597	–	-4.57%	–

Q3 2016

			Value		Shares		↓ Weighting
JNJ	Sell	JOHNSON & JOHNSON	$6,685,000	-4.6%	56,597	-2.0%	4.57%	-7.0%
INTC	Sell	INTEL CORP	$5,408,000	+14.4%	143,237	-0.7%	3.70%	+11.5%
PG	Sell	PROCTER & GAMBLE	$5,357,000	+5.6%	59,678	-0.3%	3.66%	+3.0%
MMM	Sell	3M	$5,066,000	+0.6%	28,748	-0.0%	3.46%	-2.0%
ADP	Sell	AUTOMATIC DATA PROCESSING	$4,528,000	-5.0%	51,332	-1.1%	3.10%	-7.4%
XOM	Buy	EXXON MOBIL	$4,416,000	-6.6%	50,597	+0.3%	3.02%	-9.0%
NSRGY	Sell	NESTLE SA ADR	$4,374,000	+2.0%	55,342	-0.2%	2.99%	-0.6%
CVS	Sell	CVS HEALTH	$4,059,000	-7.1%	45,626	-0.1%	2.78%	-9.5%
MA	Sell	MASTERCARD	$4,003,000	+12.9%	39,330	-2.4%	2.74%	+10.0%
MSFT	Sell	MICROSOFT CORP	$3,675,000	+11.6%	63,819	-0.9%	2.51%	+8.7%
UTX	Buy	UNITED TECHNOLOGIES	$3,512,000	-0.8%	34,561	+0.1%	2.40%	-3.3%
ATR	Sell	APTARGROUP	$3,474,000	-2.4%	44,883	-0.3%	2.38%	-4.9%
ABT	Buy	ABBOTT LABS	$3,391,000	+13.7%	80,180	+5.6%	2.32%	+10.9%
GOOGL	Buy	ALPHABET INC CL A	$3,349,000	+18.7%	4,165	+3.9%	2.29%	+15.7%
AAPL	Buy	APPLE INC	$3,283,000	+24.9%	29,050	+5.7%	2.24%	+21.7%
CB	Buy	CHUBB LIMITED	$3,255,000	+3.6%	25,908	+7.8%	2.22%	+1.0%
CSCO	Sell	CISCO SYS INC	$2,810,000	+4.4%	88,585	-5.6%	1.92%	+1.7%
NVS	Buy	NOVARTIS AG ADR	$2,757,000	-3.5%	34,925	+0.9%	1.88%	-5.9%
FISV	Sell	FISERV	$2,729,000	-8.6%	27,430	-0.1%	1.86%	-10.9%
AMGN	Sell	AMGEN INC	$2,428,000	+9.5%	14,557	-0.2%	1.66%	+6.8%
GE	Buy	GENERAL ELECTRIC	$2,398,000	-5.6%	80,959	+0.3%	1.64%	-8.0%
ABBV	Sell	ABBVIE	$2,204,000	+1.6%	34,941	-0.3%	1.51%	-1.0%
PEP	Sell	PEPSICO	$2,134,000	-0.3%	19,616	-2.9%	1.46%	-2.8%
QCOM	Sell	QUALCOMM	$2,006,000	+26.5%	29,300	-1.0%	1.37%	+23.3%
SLB	Buy	SCHLUMBERGER	$1,966,000	-0.6%	24,995	+0.1%	1.34%	-3.0%
UL	Buy	UNILEVER PLC NEW ADR	$1,749,000	+0.4%	36,910	+1.5%	1.20%	-2.1%
LOW	Sell	LOWES COMPANIES	$1,538,000	-11.7%	21,300	-3.2%	1.05%	-14.0%
TGT	Sell	TARGET CORP	$1,456,000	-3.1%	21,210	-1.4%	1.00%	-5.5%
GILD	Buy	GILEAD SCIENCES	$1,437,000	+7.0%	18,167	+12.8%	0.98%	+4.2%
RHHBY	Buy	ROCHE HLDG LTD ADR	$1,399,000	-1.3%	45,187	+5.1%	0.96%	-3.8%
JPM	Buy	JPMORGAN CHASE	$1,335,000	+7.7%	20,042	+0.4%	0.91%	+4.9%
EMR	Sell	EMERSON ELECTRIC	$1,330,000	-7.3%	24,400	-11.3%	0.91%	-9.6%
WFC	Buy	WELLS FARGO	$1,320,000	-6.2%	29,826	+0.3%	0.90%	-8.6%
NXPI	Buy	NXP SEMICONDUCTORS	$1,306,000	+41.3%	12,800	+8.6%	0.89%	+37.8%
MRK	Sell	MERCK	$1,274,000	+8.1%	20,405	-0.2%	0.87%	+5.3%
CVX	Sell	CHEVRON	$1,253,000	-28.4%	12,180	-27.1%	0.86%	-30.2%
JCI	New	JOHNSON CONTROLS	$1,133,000	–	24,333	–	0.77%	–
DHR	Buy	DANAHER CORP	$1,129,000	+9.5%	14,405	+41.0%	0.77%	+6.8%
XLNX	Buy	XILINX	$1,106,000	+25.3%	20,350	+6.3%	0.76%	+22.1%
CL	Sell	COLGATE-PALMOLIVE	$1,038,000	+1.2%	14,000	-0.2%	0.71%	-1.3%
SE	Buy	SPECTRA ENERGY	$990,000	+23.0%	23,165	+5.5%	0.68%	+19.8%
DD	Sell	DU PONT	$958,000	+3.0%	14,297	-0.3%	0.66%	+0.5%
VZ	Sell	VERIZON COMMUNICATIONS	$950,000	-8.3%	18,270	-1.5%	0.65%	-10.6%
XYL	Buy	XYLEM INC	$916,000	+18.3%	17,455	+0.6%	0.63%	+15.3%
CMCSA	Sell	COMCAST CORP NEW CL A	$853,000	+0.7%	12,860	-1.1%	0.58%	-1.9%
ILMN	Sell	ILLUMINA	$845,000	+28.0%	4,655	-1.0%	0.58%	+24.8%
BMY	Buy	BRISTOL-MYERS SQUIBB	$831,000	-26.2%	15,411	+0.7%	0.57%	-28.1%
PBA	Sell	PEMBINA PIPELINE CO	$663,000	-10.5%	21,800	-10.7%	0.45%	-12.9%
ADI	New	ANALOG DEVICES	$651,000	–	10,100	–	0.44%	–
PFE	Sell	PFIZER	$551,000	-4.5%	16,250	-0.9%	0.38%	-6.9%
PRGO	Buy	PERRIGO CO	$538,000	+13.7%	5,825	+11.5%	0.37%	+10.8%
CHD	Buy	CHURCH & DWIGHT	$527,000	-6.9%	11,000	+100.0%	0.36%	-9.3%
HP	Sell	HELMERICH & PAYNE	$434,000	-13.4%	6,440	-13.7%	0.30%	-15.4%
MCD	Sell	MCDONALDS CORP	$413,000	-43.0%	3,580	-40.6%	0.28%	-44.5%
KO	Buy	COCA COLA	$387,000	-5.1%	9,150	+1.7%	0.26%	-7.3%
AMZN	Sell	AMAZON.COM	$364,000	+13.0%	435	-3.3%	0.25%	+10.2%
NKE	Sell	NIKE INC CLASS B	$355,000	-8.7%	6,748	-4.3%	0.24%	-11.0%
USB	Buy	US BANCORP	$327,000	+7.6%	7,635	+1.3%	0.22%	+5.2%
IBM	Sell	INTL BUSINESS MACH	$321,000	-20.3%	2,020	-23.8%	0.22%	-22.6%
NEE	Sell	NEXTERA ENERGY	$306,000	-21.7%	2,500	-16.7%	0.21%	-23.7%
NVDA	New	NVIDIA CORP	$298,000	–	4,355	–	0.20%	–
IPGP	Buy	IPG PHOTONICS	$287,000	+4.7%	3,475	+1.5%	0.20%	+2.1%
LLY	Sell	ELI LILLY & CO	$269,000	-2.5%	3,356	-4.3%	0.18%	-5.2%
FTV	New	FORTIVE CORP	$259,000	–	5,105	–	0.18%	–
WMT	Sell	WAL-MART STORES	$245,000	-38.4%	3,400	-37.6%	0.17%	-40.1%
OXY	Sell	OCCIDENTAL PETE	$232,000	-28.2%	3,175	-25.7%	0.16%	-30.0%
ALNY	New	ALNYLAM PHARMA	$229,000	–	3,386	–	0.16%	–
GOOG	New	ALPHABET INC CL C	$220,000	–	283	–	0.15%	–
COP	Sell	CONOCOPHILLIPS	$202,000	-4.3%	4,653	-4.0%	0.14%	-6.8%
GIS	Exit	GENERAL MILLS	$0	–	-3,000	–	-0.15%	–
COST	Exit	COSTCO WHOLESALE	$0	–	-1,517	–	-0.17%	–
JCI	Exit	JOHNSON CONTROLS	$0	–	-30,525	–	-0.95%	–

Q2 2016

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$7,007,000	–	57,777	–	4.91%	–
PG	New	PROCTER & GAMBLE	$5,071,000	–	59,873	–	3.56%	–
MMM	New	3M	$5,037,000	–	28,761	–	3.53%	–
ADP	New	AUTOMATIC DATA PROCESSING	$4,766,000	–	51,888	–	3.34%	–
XOM	New	EXXON MOBIL	$4,730,000	–	50,452	–	3.32%	–
INTC	New	INTEL CORP	$4,729,000	–	144,187	–	3.32%	–
CVS	New	CVS HEALTH	$4,371,000	–	45,651	–	3.06%	–
NSRGY	New	NESTLE SA ADR	$4,288,000	–	55,467	–	3.01%	–
ATR	New	APTARGROUP	$3,561,000	–	45,003	–	2.50%	–
MA	New	MASTERCARD	$3,547,000	–	40,280	–	2.49%	–
UTX	New	UNITED TECHNOLOGIES	$3,541,000	–	34,516	–	2.48%	–
MSFT	New	MICROSOFT CORP	$3,294,000	–	64,389	–	2.31%	–
CB	New	CHUBB LIMITED	$3,142,000	–	24,038	–	2.20%	–
FISV	New	FISERV	$2,985,000	–	27,455	–	2.09%	–
ABT	New	ABBOTT LABS	$2,982,000	–	75,895	–	2.09%	–
NVS	New	NOVARTIS AG ADR	$2,858,000	–	34,625	–	2.00%	–
GOOGL	New	ALPHABET INC CL A	$2,821,000	–	4,010	–	1.98%	–
CSCO	New	CISCO SYS INC	$2,692,000	–	93,840	–	1.89%	–
AAPL	New	APPLE INC	$2,629,000	–	27,496	–	1.84%	–
ROK	New	ROCKWELL AUTOMATION	$2,611,000	–	22,735	–	1.83%	–
GE	New	GENERAL ELECTRIC	$2,541,000	–	80,749	–	1.78%	–
CNI	New	CANADIAN NATL RAILWAY	$2,283,000	–	38,655	–	1.60%	–
AMGN	New	AMGEN INC	$2,218,000	–	14,582	–	1.56%	–
ABBV	New	ABBVIE	$2,170,000	–	35,041	–	1.52%	–
PEP	New	PEPSICO	$2,141,000	–	20,201	–	1.50%	–
SLB	New	SCHLUMBERGER	$1,977,000	–	24,975	–	1.39%	–
CELG	New	CELGENE CORP	$1,934,000	–	19,600	–	1.36%	–
ORCL	New	ORACLE	$1,843,000	–	44,987	–	1.29%	–
CVX	New	CHEVRON	$1,751,000	–	16,702	–	1.23%	–
LOW	New	LOWES COMPANIES	$1,742,000	–	22,000	–	1.22%	–
UL	New	UNILEVER PLC NEW ADR	$1,742,000	–	36,360	–	1.22%	–
	New	NOVOZYMES A S DKK 2.0	$1,607,000	–	33,411	–	1.13%	–
QCOM	New	QUALCOMM	$1,586,000	–	29,600	–	1.11%	–
HON	New	HONEYWELL INTL	$1,573,000	–	13,529	–	1.10%	–
TGT	New	TARGET CORP	$1,502,000	–	21,510	–	1.05%	–
EMR	New	EMERSON ELECTRIC	$1,434,000	–	27,500	–	1.01%	–
RHHBY	New	ROCHE HLDG LTD ADR	$1,417,000	–	42,997	–	0.99%	–
WFC	New	WELLS FARGO	$1,407,000	–	29,726	–	0.99%	–
JCI	New	JOHNSON CONTROLS	$1,351,000	–	30,525	–	0.95%	–
GILD	New	GILEAD SCIENCES	$1,343,000	–	16,102	–	0.94%	–
JPM	New	JPMORGAN CHASE	$1,240,000	–	19,962	–	0.87%	–
MRK	New	MERCK	$1,179,000	–	20,455	–	0.83%	–
BMY	New	BRISTOL-MYERS SQUIBB	$1,126,000	–	15,311	–	0.79%	–
VZ	New	VERIZON COMMUNICATIONS	$1,036,000	–	18,556	–	0.73%	–
HD	New	HOME DEPOT	$1,032,000	–	8,083	–	0.72%	–
DHR	New	DANAHER CORP	$1,031,000	–	10,215	–	0.72%	–
CL	New	COLGATE-PALMOLIVE	$1,026,000	–	14,025	–	0.72%	–
DEO	New	DIAGEO PLC SPSD ADR	$949,000	–	8,405	–	0.66%	–
DD	New	DU PONT	$930,000	–	14,347	–	0.65%	–
NXPI	New	NXP SEMICONDUCTORS	$924,000	–	11,790	–	0.65%	–
SYK	New	STRYKER CORP	$922,000	–	7,695	–	0.65%	–
XLNX	New	XILINX	$883,000	–	19,150	–	0.62%	–
CMCSA	New	COMCAST CORP NEW CL A	$847,000	–	13,000	–	0.59%	–
SE	New	SPECTRA ENERGY	$805,000	–	21,965	–	0.56%	–
XYL	New	XYLEM INC	$774,000	–	17,355	–	0.54%	–
PBA	New	PEMBINA PIPELINE CO	$741,000	–	24,400	–	0.52%	–
MCD	New	MCDONALDS CORP	$725,000	–	6,030	–	0.51%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$692,000	–	8,315	–	0.48%	–
ACN	New	ACCENTURE PLC SHS	$674,000	–	5,950	–	0.47%	–
ILMN	New	ILLUMINA	$660,000	–	4,700	–	0.46%	–
UNP	New	UNION PACIFIC	$610,000	–	7,000	–	0.43%	–
PFE	New	PFIZER	$577,000	–	16,400	–	0.40%	–
CHD	New	CHURCH & DWIGHT	$566,000	–	5,500	–	0.40%	–
IR	New	INGERSOLL RAND PLC	$515,000	–	8,100	–	0.36%	–
ITW	New	ILLINOIS TOOL WORKS	$510,000	–	4,890	–	0.36%	–
HP	New	HELMERICH & PAYNE	$501,000	–	7,465	–	0.35%	–
ECL	New	ECOLAB INC	$475,000	–	4,000	–	0.33%	–
PRGO	New	PERRIGO CO	$473,000	–	5,225	–	0.33%	–
PAYX	New	PAYCHEX	$471,000	–	7,920	–	0.33%	–
MMP	New	MAGELLAN MIDSTREAM LP	$456,000	–	6,000	–	0.32%	–
LLTC	New	LINEAR TECHNOLOGY	$449,000	–	9,650	–	0.32%	–
SYY	New	SYSCO	$429,000	–	8,461	–	0.30%	–
KO	New	COCA COLA	$408,000	–	9,000	–	0.29%	–
IBM	New	INTL BUSINESS MACH	$403,000	–	2,650	–	0.28%	–
WMT	New	WAL-MART STORES	$398,000	–	5,450	–	0.28%	–
NEE	New	NEXTERA ENERGY	$391,000	–	3,000	–	0.27%	–
NKE	New	NIKE INC CLASS B	$389,000	–	7,048	–	0.27%	–
OXY	New	OCCIDENTAL PETE	$323,000	–	4,275	–	0.23%	–
AMZN	New	AMAZON.COM	$322,000	–	450	–	0.23%	–
USB	New	US BANCORP	$304,000	–	7,540	–	0.21%	–
ADBE	New	ADOBE SYS	$293,000	–	3,060	–	0.20%	–
LLY	New	ELI LILLY & CO	$276,000	–	3,506	–	0.19%	–
IPGP	New	IPG PHOTONICS	$274,000	–	3,425	–	0.19%	–
CI	New	CIGNA	$269,000	–	2,100	–	0.19%	–
TXN	New	TEXAS INSTRUMENTS	$257,000	–	4,100	–	0.18%	–
IP	New	INTL PAPER	$254,000	–	6,000	–	0.18%	–
YUM	New	YUM BRANDS	$249,000	–	3,000	–	0.18%	–
PSX	New	PHILLIPS 66	$249,000	–	3,138	–	0.18%	–
COST	New	COSTCO WHOLESALE	$238,000	–	1,517	–	0.17%	–
J	New	JACOBS ENGINEERING	$224,000	–	4,500	–	0.16%	–
GIS	New	GENERAL MILLS	$214,000	–	3,000	–	0.15%	–
COP	New	CONOCOPHILLIPS	$211,000	–	4,848	–	0.15%	–
COL	New	ROCKWELL COLLINS	$205,000	–	2,415	–	0.14%	–

Q4 2015

			Value		Shares		↓ Weighting
DHR	Exit	DANAHER CORP	$0	–	-42	–	-0.00%	–
SBUX	Exit	STARBUCKS	$0	–	-1,566	–	-0.07%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-750	–	-0.09%	–
BXP	Exit	BOSTON PPTYS INC REIT	$0	–	-1,000	–	-0.09%	–
MCK	Exit	MCKESSON	$0	–	-750	–	-0.10%	–
HSY	Exit	HERSHEY COMPANY	$0	–	-1,600	–	-0.11%	–
SU	Exit	SUNCOR ENERGY	$0	–	-5,800	–	-0.12%	–
NVO	Exit	NOVO NORDISK A S ADR	$0	–	-3,000	–	-0.12%	–
GIS	Exit	GENERAL MILLS	$0	–	-3,000	–	-0.13%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-283	–	-0.13%	–
EPD	Exit	ENTERPRISE PRODUCTS PTNR	$0	–	-7,000	–	-0.13%	–
	Exit	CHAMPLAIN SMALL CO FD ADVequity mutual fu	$0	–	-11,304	–	-0.13%	–
CERN	Exit	CERNER	$0	–	-3,000	–	-0.14%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-4,100	–	-0.15%	–
APA	Exit	APACHE	$0	–	-5,517	–	-0.16%	–
COST	Exit	COSTCO WHOLESALE	$0	–	-1,517	–	-0.16%	–
AMZN	Exit	AMAZON.COM	$0	–	-450	–	-0.17%	–
IPGP	Exit	IPG PHOTONICS	$0	–	-3,050	–	-0.17%	–
IP	Exit	INTL PAPER	$0	–	-6,300	–	-0.18%	–
YUM	Exit	YUM BRANDS	$0	–	-3,000	–	-0.18%	–
PSX	Exit	PHILLIPS 66	$0	–	-3,138	–	-0.18%	–
ADBE	Exit	ADOBE SYS	$0	–	-3,060	–	-0.19%	–
ALNY	Exit	ALNYLAM PHARMA	$0	–	-3,286	–	-0.20%	–
	Exit	MUNDER VERACITY SMALL CAP VALUequity mutual fu	$0	–	-8,771	–	-0.20%	–
AFL	Exit	AFLAC INC	$0	–	-4,630	–	-0.20%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-3,000	–	-0.22%	–
CI	Exit	CIGNA	$0	–	-2,200	–	-0.22%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-6,453	–	-0.23%	–
SYY	Exit	SYSCO	$0	–	-8,761	–	-0.26%	–
LLY	Exit	ELI LILLY & CO	$0	–	-4,194	–	-0.26%	–
WMT	Exit	WAL-MART STORES	$0	–	-5,450	–	-0.26%	–
MMP	Exit	MAGELLAN MIDSTREAM LP	$0	–	-6,000	–	-0.27%	–
PAYX	Exit	PAYCHEX	$0	–	-7,920	–	-0.28%	–
LLTC	Exit	LINEAR TECHNOLOGY	$0	–	-9,650	–	-0.29%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-4,890	–	-0.30%	–
PRGO	Exit	PERRIGO CO	$0	–	-2,670	–	-0.31%	–
ILMN	Exit	ILLUMINA	$0	–	-2,450	–	-0.32%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-3,524	–	-0.32%	–
ECL	Exit	ECOLAB INC	$0	–	-4,000	–	-0.33%	–
KO	Exit	COCA COLA	$0	–	-11,000	–	-0.33%	–
IR	Exit	INGERSOLL RAND PLC	$0	–	-8,985	–	-0.34%	–
DE	Exit	DEERE & CO	$0	–	-6,200	–	-0.34%	–
CHD	Exit	CHURCH & DWIGHT	$0	–	-5,500	–	-0.34%	–
XYL	Exit	XYLEM INC	$0	–	-14,175	–	-0.35%	–
PFE	Exit	PFIZER	$0	–	-16,683	–	-0.39%	–
OXY	Exit	OCCIDENTAL PETE	$0	–	-8,110	–	-0.40%	–
ACN	Exit	ACCENTURE PLC SHS	$0	–	-5,950	–	-0.44%	–
UNP	Exit	UNION PACIFIC	$0	–	-7,000	–	-0.46%	–
USB	Exit	US BANCORP	$0	–	-15,195	–	-0.47%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-26,950	–	-0.48%	–
HP	Exit	HELMERICH & PAYNE	$0	–	-13,875	–	-0.49%	–
CB	Exit	CHUBB CORP	$0	–	-5,440	–	-0.50%	–
PX	Exit	PRAXAIR	$0	–	-7,085	–	-0.54%	–
SYK	Exit	STRYKER CORP	$0	–	-7,720	–	-0.54%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-8,785	–	-0.55%	–
XLNX	Exit	XILINX	$0	–	-17,350	–	-0.55%	–
MCD	Exit	MCDONALDS CORP	$0	–	-7,552	–	-0.56%	–
DD	Exit	DU PONT	$0	–	-15,922	–	-0.57%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-13,650	–	-0.58%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-13,635	–	-0.65%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-19,956	–	-0.65%	–
ACE	Exit	ACE LIMITED	$0	–	-8,735	–	-0.68%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-9,200	–	-0.68%	–
DEO	Exit	DIAGEO PLC SPSD ADR	$0	–	-8,405	–	-0.68%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-15,711	–	-0.70%	–
UL	Exit	UNILEVER PLC NEW ADR	$0	–	-22,850	–	-0.70%	–
HD	Exit	HOME DEPOT	$0	–	-8,183	–	-0.71%	–
MRK	Exit	MERCK	$0	–	-20,655	–	-0.76%	–
NXPI	Exit	NXP SEMICONDUCTORS	$0	–	-12,265	–	-0.80%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-28,371	–	-0.92%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-38,397	–	-0.95%	–
JPM	Exit	JPMORGAN CHASE	$0	–	-21,052	–	-0.96%	–
HON	Exit	HONEYWELL INTL	$0	–	-13,919	–	-0.98%	–
IBM	Exit	INTL BUSINESS MACH	$0	–	-9,150	–	-0.99%	–
EMC	Exit	E M C CORP MASS	$0	–	-61,181	–	-1.10%	–
LOW	Exit	LOWES COMPANIES	$0	–	-22,000	–	-1.13%	–
WFC	Exit	WELLS FARGO	$0	–	-30,426	–	-1.17%	–
TGT	Exit	TARGET CORP	$0	–	-20,370	–	-1.20%	–
ORCL	Exit	ORACLE	$0	–	-44,587	–	-1.20%	–
SLB	Exit	SCHLUMBERGER	$0	–	-26,757	–	-1.38%	–
QCOM	Exit	QUALCOMM	$0	–	-35,077	–	-1.41%	–
CVX	Exit	CHEVRON	$0	–	-25,139	–	-1.48%	–
PEP	Exit	PEPSICO	$0	–	-21,301	–	-1.50%	–
AMGN	Exit	AMGEN INC	$0	–	-14,582	–	-1.51%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-3,202	–	-1.53%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-82,254	–	-1.55%	–
ABBV	Exit	ABBVIE	$0	–	-38,441	–	-1.56%	–
JCI	Exit	JOHNSON CONTROLS	$0	–	-51,450	–	-1.59%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-21,039	–	-1.60%	–
CELG	Exit	CELGENE CORP	$0	–	-19,970	–	-1.62%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-38,475	–	-1.63%	–
FISV	Exit	FISERV	$0	–	-27,250	–	-1.76%	–
CSCO	Exit	CISCO SYS INC	$0	–	-95,764	–	-1.88%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-57,959	–	-1.91%	–
AAPL	Exit	APPLE INC	$0	–	-24,151	–	-1.99%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-65,689	–	-2.17%	–
ATR	Exit	APTARGROUP	$0	–	-44,445	–	-2.19%	–
ABT	Exit	ABBOTT LABS	$0	–	-73,550	–	-2.21%	–
UTX	Exit	UNITED TECHNOLOGIES	$0	–	-34,881	–	-2.32%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-34,230	–	-2.35%	–
MA	Exit	MASTERCARD	$0	–	-39,350	–	-2.65%	–
XOM	Exit	EXXON MOBIL	$0	–	-50,872	–	-2.83%	–
MMM	Exit	3M	$0	–	-28,560	–	-3.03%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-52,091	–	-3.13%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-55,857	–	-3.14%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-59,667	–	-3.21%	–
INTC	Exit	INTEL CORP	$0	–	-145,131	–	-3.27%	–
CVS	Exit	CVS HEALTH	$0	–	-45,654	–	-3.29%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-58,937	–	-4.11%	–

Q3 2015

			Value		Shares		↓ Weighting
JNJ	Buy	JOHNSON & JOHNSON	$5,501,000	-4.2%	58,937	+0.0%	4.11%	+5.9%
CVS	Sell	CVS HEALTH	$4,404,000	-8.2%	45,654	-0.2%	3.29%	+1.5%
INTC	Sell	INTEL CORP	$4,374,000	-1.5%	145,131	-0.5%	3.27%	+8.9%
PG	Sell	PROCTER & GAMBLE	$4,293,000	-8.5%	59,667	-0.5%	3.21%	+1.1%
NSRGY	Buy	NESTLE SA ADR	$4,203,000	+7.4%	55,857	+3.0%	3.14%	+18.7%
ADP	Sell	AUTOMATIC DATA PROCESSING	$4,185,000	-0.2%	52,091	-0.3%	3.13%	+10.3%
MMM	Buy	3M	$4,049,000	-6.8%	28,560	+1.4%	3.03%	+3.0%
XOM	Sell	EXXON MOBIL	$3,781,000	-10.7%	50,872	-0.0%	2.83%	-1.3%
MA	Buy	MASTERCARD	$3,546,000	+3.2%	39,350	+7.1%	2.65%	+14.1%
NVS	Buy	NOVARTIS AG ADR	$3,147,000	-5.3%	34,230	+1.3%	2.35%	+4.7%
UTX	Sell	UNITED TECHNOLOGIES	$3,104,000	-23.2%	34,881	-4.2%	2.32%	-15.1%
ABT	Buy	ABBOTT LABS	$2,958,000	-17.0%	73,550	+1.2%	2.21%	-8.3%
ATR	Buy	APTARGROUP	$2,932,000	+3.9%	44,445	+0.5%	2.19%	+14.9%
MSFT	Sell	MICROSOFT CORP	$2,908,000	-0.1%	65,689	-0.4%	2.17%	+10.5%
AAPL	Buy	APPLE INC	$2,663,000	-7.7%	24,151	+5.0%	1.99%	+2.1%
EMR	Sell	EMERSON ELECTRIC	$2,560,000	-21.7%	57,959	-1.7%	1.91%	-13.4%
CSCO	Buy	CISCO SYS INC	$2,514,000	-4.3%	95,764	+0.1%	1.88%	+5.8%
CELG	Sell	CELGENE CORP	$2,160,000	-8.8%	19,970	-2.4%	1.62%	+0.8%
ROK	Buy	ROCKWELL AUTOMATION	$2,135,000	-17.7%	21,039	+1.1%	1.60%	-9.0%
JCI	Buy	JOHNSON CONTROLS	$2,128,000	-15.0%	51,450	+1.7%	1.59%	-6.1%
ABBV	Sell	ABBVIE	$2,092,000	-25.4%	38,441	-7.9%	1.56%	-17.5%
GE	Sell	GENERAL ELECTRIC	$2,074,000	-6.3%	82,254	-1.3%	1.55%	+3.6%
GOOGL	New	ALPHABET INC CL A	$2,044,000	–	3,202	–	1.53%	–
AMGN	Sell	AMGEN INC	$2,017,000	-10.3%	14,582	-0.5%	1.51%	-0.9%
PEP	Sell	PEPSICO	$2,009,000	-6.3%	21,301	-7.2%	1.50%	+3.7%
CVX	Sell	CHEVRON	$1,982,000	-19.3%	25,139	-1.2%	1.48%	-10.8%
QCOM	Sell	QUALCOMM	$1,885,000	-22.7%	35,077	-9.9%	1.41%	-14.6%
SLB	Sell	SCHLUMBERGER	$1,845,000	-22.4%	26,757	-3.0%	1.38%	-14.2%
ORCL	Buy	ORACLE	$1,610,000	-8.9%	44,587	+1.7%	1.20%	+0.7%
TGT	Buy	TARGET CORP	$1,603,000	+3.4%	20,370	+7.2%	1.20%	+14.2%
WFC	Buy	WELLS FARGO	$1,562,000	-8.5%	30,426	+0.3%	1.17%	+1.2%
LOW	Sell	LOWES COMPANIES	$1,516,000	-1.3%	22,000	-4.1%	1.13%	+9.0%
EMC	Sell	E M C CORP MASS	$1,478,000	-16.1%	61,181	-8.3%	1.10%	-7.2%
IBM	Sell	INTL BUSINESS MACH	$1,326,000	-39.8%	9,150	-32.4%	0.99%	-33.4%
HON	Sell	HONEYWELL INTL	$1,318,000	-7.2%	13,919	-0.1%	0.98%	+2.6%
JPM	Buy	JPMORGAN CHASE	$1,284,000	-9.8%	21,052	+0.2%	0.96%	-0.3%
RHHBY	Buy	ROCHE HLDG LTD ADR	$1,266,000	+5.5%	38,397	+12.2%	0.95%	+16.6%
	Buy	NOVOZYMES A S DKK 2.0	$1,236,000	-7.4%	28,371	+1.1%	0.92%	+2.3%
NXPI	Sell	NXP SEMICONDUCTORS	$1,068,000	-12.0%	12,265	-0.8%	0.80%	-2.7%
MRK	Buy	MERCK	$1,020,000	-13.2%	20,655	+0.1%	0.76%	-4.2%
HD	Buy	HOME DEPOT	$945,000	+4.4%	8,183	+0.4%	0.71%	+15.4%
UL	Buy	UNILEVER PLC NEW ADR	$931,000	+51.9%	22,850	+60.3%	0.70%	+67.7%
BMY	Buy	BRISTOL-MYERS SQUIBB	$930,000	-10.7%	15,711	+0.4%	0.70%	-1.3%
ACE	Buy	ACE LIMITED	$903,000	+214.6%	8,735	+209.8%	0.68%	+247.9%
CL	Sell	COLGATE-PALMOLIVE	$865,000	-3.4%	13,635	-0.4%	0.65%	+6.9%
CMCSA	Sell	COMCAST CORP NEW CL A	$776,000	-14.3%	13,650	-9.3%	0.58%	-5.2%
DD	Sell	DU PONT	$767,000	-25.1%	15,922	-0.6%	0.57%	-17.2%
MCD	Sell	MCDONALDS CORP	$744,000	-14.4%	7,552	-17.4%	0.56%	-5.4%
XLNX	Sell	XILINX	$736,000	-5.5%	17,350	-1.7%	0.55%	+4.4%
HP	Sell	HELMERICH & PAYNE	$655,000	-37.6%	13,875	-7.0%	0.49%	-31.0%
PBA	Sell	PEMBINA PIPELINE CO	$647,000	-30.4%	26,950	-6.3%	0.48%	-22.9%
PFE	Sell	PFIZER	$525,000	-6.6%	16,683	-0.4%	0.39%	+3.2%
DE	Sell	DEERE & CO	$459,000	-28.9%	6,200	-6.7%	0.34%	-21.5%
IR	Sell	INGERSOLL RAND PLC	$456,000	-24.8%	8,985	-0.2%	0.34%	-16.8%
KO	Sell	COCA COLA	$441,000	-6.4%	11,000	-8.3%	0.33%	+3.8%
NKE	Buy	NIKE INC CLASS B	$433,000	+14.2%	3,524	+0.5%	0.32%	+26.6%
ILMN	Sell	ILLUMINA	$431,000	-25.6%	2,450	-7.5%	0.32%	-17.9%
PRGO	Sell	PERRIGO CO	$420,000	-15.8%	2,670	-0.9%	0.31%	-6.8%
LLY	Sell	ELI LILLY & CO	$351,000	-2.2%	4,194	-2.6%	0.26%	+7.8%
SYY	Sell	SYSCO	$341,000	+5.2%	8,761	-2.2%	0.26%	+16.4%
COP	Sell	CONOCOPHILLIPS	$310,000	-21.9%	6,453	-0.3%	0.23%	-13.4%
NEE	Sell	NEXTERA ENERGY	$293,000	-25.3%	3,000	-25.0%	0.22%	-17.4%
AFL	Sell	AFLAC INC	$269,000	-61.8%	4,630	-59.1%	0.20%	-57.9%
	Sell	MUNDER VERACITY SMALL CAP VALUequity mutual fu	$267,000	-24.6%	8,771	-15.4%	0.20%	-16.3%
ALNY	Sell	ALNYLAM PHARMA	$263,000	-34.2%	3,286	-1.5%	0.20%	-27.0%
IPGP	Buy	IPG PHOTONICS	$232,000	-1.3%	3,050	+10.9%	0.17%	+8.8%
AMZN	New	AMAZON.COM	$230,000	–	450	–	0.17%	–
COST	Buy	COSTCO WHOLESALE	$219,000	+7.9%	1,517	+1.1%	0.16%	+19.7%
APA	Buy	APACHE	$216,000	-31.9%	5,517	+0.3%	0.16%	-24.8%
GOOG	New	ALPHABET INC CL C	$172,000	–	283	–	0.13%	–
SBUX	Sell	STARBUCKS	$89,000	-49.7%	1,566	-52.5%	0.07%	-44.2%
DHR	New	DANAHER CORP	$4,000	–	42	–	0.00%	–
ECA	Exit	ENCANA	$0	–	-12,200	–	-0.09%	–
GOOG	Exit	GOOGLE INC	$0	–	-280	–	-0.10%	–
J	Exit	JACOBS ENGINEERING	$0	–	-4,500	–	-0.12%	–
COL	Exit	ROCKWELL COLLINS	$0	–	-2,415	–	-0.15%	–
ABB	Exit	ABB LTD SPON ADR	$0	–	-11,300	–	-0.16%	–
ETN	Exit	EATON CORP	$0	–	-5,068	–	-0.23%	–
PCL	Exit	PLUM CREEK TIMBER CO INC	$0	–	-8,952	–	-0.24%	–
GLW	Exit	CORNING INC	$0	–	-18,900	–	-0.25%	–
UNFI	Exit	UNITED NATURAL FOODS	$0	–	-6,300	–	-0.27%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-2,343	–	-0.86%	–

Q2 2015

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$5,741,000	–	58,912	–	3.88%	–
CVS	New	CVS HEALTH	$4,797,000	–	45,746	–	3.24%	–
PG	New	PROCTER & GAMBLE	$4,693,000	–	59,978	–	3.17%	–
INTC	New	INTEL CORP	$4,439,000	–	145,922	–	3.00%	–
MMM	New	3M	$4,345,000	–	28,160	–	2.94%	–
XOM	New	EXXON MOBIL	$4,235,000	–	50,897	–	2.86%	–
ADP	New	AUTOMATIC DATA PROCESSING	$4,192,000	–	52,253	–	2.84%	–
UTX	New	UNITED TECHNOLOGIES	$4,040,000	–	36,416	–	2.73%	–
NSRGY	New	NESTLE SA ADR	$3,913,000	–	54,232	–	2.65%	–
ABT	New	ABBOTT LABS	$3,565,000	–	72,645	–	2.41%	–
MA	New	MASTERCARD	$3,437,000	–	36,750	–	2.32%	–
NVS	New	NOVARTIS AG ADR	$3,322,000	–	33,780	–	2.25%	–
EMR	New	EMERSON ELECTRIC	$3,269,000	–	58,979	–	2.21%	–
MSFT	New	MICROSOFT CORP	$2,911,000	–	65,939	–	1.97%	–
AAPL	New	APPLE INC	$2,885,000	–	23,001	–	1.95%	–
ATR	New	APTARGROUP	$2,822,000	–	44,245	–	1.91%	–
ABBV	New	ABBVIE	$2,803,000	–	41,721	–	1.90%	–
CSCO	New	CISCO SYS INC	$2,627,000	–	95,690	–	1.78%	–
ROK	New	ROCKWELL AUTOMATION	$2,594,000	–	20,814	–	1.75%	–
JCI	New	JOHNSON CONTROLS	$2,505,000	–	50,575	–	1.69%	–
CVX	New	CHEVRON	$2,456,000	–	25,449	–	1.66%	–
QCOM	New	QUALCOMM	$2,438,000	–	38,910	–	1.65%	–
SLB	New	SCHLUMBERGER	$2,378,000	–	27,590	–	1.61%	–
CELG	New	CELGENE CORP	$2,369,000	–	20,470	–	1.60%	–
FISV	New	FISERV	$2,258,000	–	27,250	–	1.53%	–
AMGN	New	AMGEN INC	$2,249,000	–	14,651	–	1.52%	–
CNI	New	CANADIAN NATL RAILWAY	$2,222,000	–	38,475	–	1.50%	–
GE	New	GENERAL ELECTRIC	$2,213,000	–	83,314	–	1.50%	–
IBM	New	INTL BUSINESS MACH	$2,202,000	–	13,539	–	1.49%	–
PEP	New	PEPSICO	$2,143,000	–	22,960	–	1.45%	–
ORCL	New	ORACLE	$1,767,000	–	43,837	–	1.20%	–
EMC	New	E M C CORP MASS	$1,762,000	–	66,748	–	1.19%	–
WFC	New	WELLS FARGO	$1,707,000	–	30,349	–	1.15%	–
TGT	New	TARGET CORP	$1,551,000	–	18,995	–	1.05%	–
LOW	New	LOWES COMPANIES	$1,536,000	–	22,935	–	1.04%	–
JPM	New	JPMORGAN CHASE	$1,424,000	–	21,011	–	0.96%	–
HON	New	HONEYWELL INTL	$1,420,000	–	13,929	–	0.96%	–
	New	NOVOZYMES A S DKK 2.0	$1,335,000	–	28,071	–	0.90%	–
GOOGL	New	GOOGLE INC CL A	$1,265,000	–	2,343	–	0.86%	–
NXPI	New	NXP SEMICONDUCTORS	$1,213,000	–	12,365	–	0.82%	–
RHHBY	New	ROCHE HLDG LTD ADR	$1,200,000	–	34,222	–	0.81%	–
MRK	New	MERCK	$1,175,000	–	20,630	–	0.80%	–
GILD	New	GILEAD SCIENCES	$1,077,000	–	9,200	–	0.73%	–
HP	New	HELMERICH & PAYNE	$1,050,000	–	14,925	–	0.71%	–
BMY	New	BRISTOL-MYERS SQUIBB	$1,041,000	–	15,645	–	0.70%	–
DD	New	DU PONT	$1,024,000	–	16,022	–	0.69%	–
DEO	New	DIAGEO PLC SPSD ADR	$975,000	–	8,405	–	0.66%	–
VZ	New	VERIZON COMMUNICATIONS	$930,000	–	19,956	–	0.63%	–
PBA	New	PEMBINA PIPELINE CO	$929,000	–	28,750	–	0.63%	–
HD	New	HOME DEPOT	$905,000	–	8,150	–	0.61%	–
CMCSA	New	COMCAST CORP NEW CL A	$905,000	–	15,050	–	0.61%	–
CL	New	COLGATE-PALMOLIVE	$895,000	–	13,685	–	0.60%	–
MCD	New	MCDONALDS CORP	$869,000	–	9,145	–	0.59%	–
PX	New	PRAXAIR	$847,000	–	7,085	–	0.57%	–
XLNX	New	XILINX	$779,000	–	17,650	–	0.53%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$742,000	–	8,785	–	0.50%	–
SYK	New	STRYKER CORP	$738,000	–	7,720	–	0.50%	–
AFL	New	AFLAC INC	$705,000	–	11,330	–	0.48%	–
UNP	New	UNION PACIFIC	$668,000	–	7,000	–	0.45%	–
USB	New	US BANCORP	$659,000	–	15,195	–	0.45%	–
DE	New	DEERE & CO	$646,000	–	6,647	–	0.44%	–
OXY	New	OCCIDENTAL PETE	$631,000	–	8,110	–	0.43%	–
UL	New	UNILEVER PLC NEW ADR	$613,000	–	14,253	–	0.42%	–
IR	New	INGERSOLL RAND PLC	$606,000	–	9,000	–	0.41%	–
ILMN	New	ILLUMINA	$579,000	–	2,650	–	0.39%	–
ACN	New	ACCENTURE PLC SHS	$576,000	–	5,950	–	0.39%	–
PFE	New	PFIZER	$562,000	–	16,750	–	0.38%	–
XYL	New	XYLEM INC	$526,000	–	14,175	–	0.36%	–
CB	New	CHUBB CORP	$517,000	–	5,440	–	0.35%	–
PRGO	New	PERRIGO CO	$499,000	–	2,695	–	0.34%	–
KO	New	COCA COLA	$471,000	–	12,000	–	0.32%	–
ECL	New	ECOLAB INC	$452,000	–	4,000	–	0.31%	–
ITW	New	ILLINOIS TOOL WORKS	$449,000	–	4,890	–	0.30%	–
CHD	New	CHURCH & DWIGHT	$446,000	–	5,500	–	0.30%	–
MMP	New	MAGELLAN MIDSTREAM LP	$440,000	–	6,000	–	0.30%	–
LLTC	New	LINEAR TECHNOLOGY	$427,000	–	9,650	–	0.29%	–
UNFI	New	UNITED NATURAL FOODS	$401,000	–	6,300	–	0.27%	–
ALNY	New	ALNYLAM PHARMA	$400,000	–	3,336	–	0.27%	–
COP	New	CONOCOPHILLIPS	$397,000	–	6,473	–	0.27%	–
NEE	New	NEXTERA ENERGY	$392,000	–	4,000	–	0.26%	–
WMT	New	WAL-MART STORES	$387,000	–	5,450	–	0.26%	–
NKE	New	NIKE INC CLASS B	$379,000	–	3,508	–	0.26%	–
GLW	New	CORNING INC	$373,000	–	18,900	–	0.25%	–
PAYX	New	PAYCHEX	$371,000	–	7,920	–	0.25%	–
PCL	New	PLUM CREEK TIMBER CO INC	$363,000	–	8,952	–	0.24%	–
LLY	New	ELI LILLY & CO	$359,000	–	4,306	–	0.24%	–
CI	New	CIGNA	$356,000	–	2,200	–	0.24%	–
	New	MUNDER VERACITY SMALL CAP VALUequity mutual fu	$354,000	–	10,371	–	0.24%	–
ETN	New	EATON CORP	$342,000	–	5,068	–	0.23%	–
SYY	New	SYSCO	$324,000	–	8,961	–	0.22%	–
APA	New	APACHE	$317,000	–	5,500	–	0.21%	–
IP	New	INTL PAPER	$300,000	–	6,300	–	0.20%	–
ACE	New	ACE LIMITED	$287,000	–	2,820	–	0.19%	–
YUM	New	YUM BRANDS	$270,000	–	3,000	–	0.18%	–
PSX	New	PHILLIPS 66	$252,000	–	3,138	–	0.17%	–
ADBE	New	ADOBE SYS	$248,000	–	3,060	–	0.17%	–
ABB	New	ABB LTD SPON ADR	$236,000	–	11,300	–	0.16%	–
IPGP	New	IPG PHOTONICS	$235,000	–	2,750	–	0.16%	–
COL	New	ROCKWELL COLLINS	$223,000	–	2,415	–	0.15%	–
TXN	New	TEXAS INSTRUMENTS	$211,000	–	4,100	–	0.14%	–
EPD	New	ENTERPRISE PRODUCTS PTNR	$209,000	–	7,000	–	0.14%	–
CERN	New	CERNER	$207,000	–	3,000	–	0.14%	–
COST	New	COSTCO WHOLESALE	$203,000	–	1,500	–	0.14%	–
	New	CHAMPLAIN SMALL CO FD ADVequity mutual fu	$194,000	–	11,304	–	0.13%	–
J	New	JACOBS ENGINEERING	$183,000	–	4,500	–	0.12%	–
SBUX	New	STARBUCKS	$177,000	–	3,300	–	0.12%	–
MCK	New	MCKESSON	$169,000	–	750	–	0.11%	–
GIS	New	GENERAL MILLS	$167,000	–	3,000	–	0.11%	–
NVO	New	NOVO NORDISK A S ADR	$164,000	–	3,000	–	0.11%	–
SU	New	SUNCOR ENERGY	$160,000	–	5,800	–	0.11%	–
GOOG	New	GOOGLE INC	$146,000	–	280	–	0.10%	–
HSY	New	HERSHEY COMPANY	$142,000	–	1,600	–	0.10%	–
ALXN	New	ALEXION PHARMACEUTICALS INC	$136,000	–	750	–	0.09%	–
ECA	New	ENCANA	$135,000	–	12,200	–	0.09%	–
BXP	New	BOSTON PPTYS INC REIT	$121,000	–	1,000	–	0.08%	–

Q4 2014

			Value		Shares		↓ Weighting
DOV	Exit	DOVER CORP	$0	–	-1,000	–	-0.06%	–
4945SC	Exit	KINDER MORGAN ENERGY PARTNERS	$0	–	-1,000	–	-0.06%	–
BXP	Exit	BOSTON PPTYS INC REIT	$0	–	-1,000	–	-0.08%	–
NVO	Exit	NOVO NORDISK A S ADR	$0	–	-2,500	–	-0.08%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-750	–	-0.09%	–
SBUX	Exit	STARBUCKS	$0	–	-1,650	–	-0.09%	–
GOOG	Exit	GOOGLE INC	$0	–	-240	–	-0.10%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-240	–	-0.10%	–
MCK	Exit	MCKESSON	$0	–	-750	–	-0.10%	–
GIS	Exit	GENERAL MILLS	$0	–	-3,000	–	-0.11%	–
ADBE	Exit	ADOBE SYS	$0	–	-2,380	–	-0.12%	–
CI	Exit	CIGNA	$0	–	-1,900	–	-0.12%	–
COST	Exit	COSTCO WHOLESALE	$0	–	-1,500	–	-0.13%	–
SDRL	Exit	SEADRILL	$0	–	-8,100	–	-0.15%	–
SU	Exit	SUNCOR ENERGY	$0	–	-6,300	–	-0.16%	–
	Exit	CHAMPLAIN SMALL CO FD ADVequity mutual fu	$0	–	-14,528	–	-0.16%	–
XYL	Exit	XYLEM INC	$0	–	-6,525	–	-0.16%	–
CERN	Exit	CERNER	$0	–	-4,000	–	-0.17%	–
EPD	Exit	ENTERPRISE PRODUCTS PTNR	$0	–	-6,000	–	-0.17%	–
SYY	Exit	SYSCO	$0	–	-6,435	–	-0.17%	–
PSX	Exit	PHILLIPS 66	$0	–	-3,138	–	-0.18%	–
ECA	Exit	ENCANA	$0	–	-12,200	–	-0.18%	–
OII	Exit	OCEANEERING INTL	$0	–	-4,000	–	-0.18%	–
PAYX	Exit	PAYCHEX	$0	–	-5,920	–	-0.18%	–
LH	Exit	LABORATORY CORP AMER	$0	–	-2,730	–	-0.20%	–
ALNY	Exit	ALNYLAM PHARMA	$0	–	-3,611	–	-0.20%	–
YUM	Exit	YUM BRANDS	$0	–	-4,000	–	-0.20%	–
ACE	Exit	ACE LIMITED	$0	–	-2,820	–	-0.21%	–
IP	Exit	INTL PAPER	$0	–	-6,300	–	-0.21%	–
LLY	Exit	ELI LILLY & CO	$0	–	-4,706	–	-0.22%	–
UNFI	Exit	UNITED NATURAL FOODS	$0	–	-5,075	–	-0.22%	–
J	Exit	JACOBS ENGINEERING	$0	–	-6,500	–	-0.22%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-3,920	–	-0.23%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-3,808	–	-0.24%	–
PCL	Exit	PLUM CREEK TIMBER CO INC	$0	–	-8,952	–	-0.25%	–
LLTC	Exit	LINEAR TECHNOLOGY	$0	–	-8,400	–	-0.26%	–
ABB	Exit	ABB LTD SPON ADR	$0	–	-16,800	–	-0.26%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-4,000	–	-0.26%	–
CHD	Exit	CHURCH & DWIGHT	$0	–	-5,500	–	-0.27%	–
ETN	Exit	EATON CORP	$0	–	-6,268	–	-0.28%	–
	Exit	MUNDER VERACITY SMALL CAP VALUequity mutual fu	$0	–	-12,971	–	-0.28%	–
WAG	Exit	WALGREEN	$0	–	-6,780	–	-0.28%	–
CVE	Exit	CENOVUS ENERGY	$0	–	-15,450	–	-0.29%	–
WMT	Exit	WAL-MART STORES	$0	–	-5,450	–	-0.29%	–
ILMN	Exit	ILLUMINA	$0	–	-2,675	–	-0.31%	–
GLW	Exit	CORNING INC	$0	–	-23,600	–	-0.32%	–
ECL	Exit	ECOLAB INC	$0	–	-4,000	–	-0.32%	–
PRGO	Exit	PERRIGO CO	$0	–	-3,220	–	-0.34%	–
ACN	Exit	ACCENTURE PLC SHS	$0	–	-5,950	–	-0.34%	–
CB	Exit	CHUBB CORP	$0	–	-5,440	–	-0.35%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-6,473	–	-0.35%	–
SYK	Exit	STRYKER CORP	$0	–	-6,240	–	-0.36%	–
MMP	Exit	MAGELLAN MIDSTREAM LP	$0	–	-6,000	–	-0.36%	–
IR	Exit	INGERSOLL RAND PLC	$0	–	-9,000	–	-0.36%	–
XLNX	Exit	XILINX	$0	–	-12,000	–	-0.36%	–
APA	Exit	APACHE	$0	–	-5,600	–	-0.37%	–
PFE	Exit	PFIZER	$0	–	-17,850	–	-0.37%	–
KO	Exit	COCA COLA	$0	–	-12,500	–	-0.38%	–
DE	Exit	DEERE & CO	$0	–	-7,609	–	-0.44%	–
USB	Exit	US BANCORP	$0	–	-15,195	–	-0.45%	–
PX	Exit	PRAXAIR	$0	–	-5,285	–	-0.48%	–
HD	Exit	HOME DEPOT	$0	–	-8,150	–	-0.53%	–
OXY	Exit	OCCIDENTAL PETE	$0	–	-8,160	–	-0.55%	–
BMY	Exit	BRISTOL-MYERS SQUIBB	$0	–	-15,645	–	-0.56%	–
UNP	Exit	UNION PACIFIC	$0	–	-7,400	–	-0.56%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-15,050	–	-0.57%	–
CL	Exit	COLGATE-PALMOLIVE	$0	–	-12,585	–	-0.58%	–
HP	Exit	HELMERICH & PAYNE	$0	–	-9,575	–	-0.66%	–
AFL	Exit	AFLAC INC	$0	–	-16,354	–	-0.67%	–
DEO	Exit	DIAGEO PLC SPSD ADR	$0	–	-8,505	–	-0.69%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-19,956	–	-0.70%	–
NXPI	Exit	NXP SEMICONDUCTORS	$0	–	-14,950	–	-0.72%	–
GILD	Exit	GILEAD SCIENCES	$0	–	-10,000	–	-0.75%	–
DD	Exit	DU PONT	$0	–	-15,100	–	-0.76%	–
RHHBY	Exit	ROCHE HLDG LTD ADR	$0	–	-30,872	–	-0.80%	–
PBA	Exit	PEMBINA PIPELINE CO	$0	–	-27,650	–	-0.82%	–
TGT	Exit	TARGET CORP	$0	–	-18,970	–	-0.84%	–
JPM	Exit	JPMORGAN CHASE	$0	–	-19,751	–	-0.84%	–
	Exit	NOVOZYMES A S DKK 2.0	$0	–	-27,471	–	-0.84%	–
LOW	Exit	LOWES COMPANIES	$0	–	-22,935	–	-0.86%	–
MRK	Exit	MERCK	$0	–	-20,830	–	-0.87%	–
HON	Exit	HONEYWELL INTL	$0	–	-13,850	–	-0.91%	–
WFC	Exit	WELLS FARGO	$0	–	-29,435	–	-1.08%	–
MCD	Exit	MCDONALDS CORP	$0	–	-16,763	–	-1.12%	–
ORCL	Exit	ORACLE	$0	–	-41,545	–	-1.12%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-36,650	–	-1.14%	–
FISV	Exit	FISERV	$0	–	-26,675	–	-1.21%	–
GSK	Exit	GLAXOSMITHKLINE PLC ADR	$0	–	-39,170	–	-1.27%	–
EMC	Exit	E M C CORP MASS	$0	–	-61,898	–	-1.28%	–
CELG	Exit	CELGENE CORP	$0	–	-22,290	–	-1.49%	–
AMGN	Exit	AMGEN INC	$0	–	-15,186	–	-1.50%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-84,214	–	-1.52%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-19,855	–	-1.54%	–
AAPL	Exit	APPLE INC	$0	–	-22,142	–	-1.57%	–
ABBV	Exit	ABBVIE	$0	–	-40,105	–	-1.63%	–
ATR	Exit	APTARGROUP	$0	–	-39,125	–	-1.67%	–
CSCO	Exit	CISCO SYS INC	$0	–	-94,685	–	-1.68%	–
PEP	Exit	PEPSICO	$0	–	-26,625	–	-1.74%	–
MA	Exit	MASTERCARD	$0	–	-34,090	–	-1.77%	–
CNI	Exit	CANADIAN NATL RAILWAY	$0	–	-36,835	–	-1.84%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-28,727	–	-1.90%	–
SLB	Exit	SCHLUMBERGER	$0	–	-26,920	–	-1.93%	–
ABT	Exit	ABBOTT LABS	$0	–	-67,445	–	-1.98%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-63,637	–	-2.08%	–
CVX	Exit	CHEVRON	$0	–	-25,122	–	-2.11%	–
IBM	Exit	INTL BUSINESS MACH	$0	–	-16,209	–	-2.17%	–
QCOM	Exit	QUALCOMM	$0	–	-41,285	–	-2.17%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-53,347	–	-2.35%	–
UTX	Exit	UNITED TECHNOLOGIES	$0	–	-31,840	–	-2.37%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-48,932	–	-2.51%	–
CVS	Exit	CVS HEALTH	$0	–	-45,393	–	-2.54%	–
NSRGY	Exit	NESTLE SA ADR	$0	–	-49,182	–	-2.55%	–
MMM	Exit	3M	$0	–	-27,235	–	-2.72%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-58,476	–	-3.45%	–
INTC	Exit	INTEL CORP	$0	–	-143,752	–	-3.52%	–
XOM	Exit	EXXON MOBIL	$0	–	-58,061	–	-3.84%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-57,231	–	-4.30%	–

Q3 2014

			Value		Shares		↓ Weighting
JNJ	Sell	JOHNSON & JOHNSON	$6,100,000	-11.8%	57,231	-13.4%	4.30%	-6.1%
XOM	Sell	EXXON MOBIL	$5,460,000	-11.0%	58,061	-4.8%	3.84%	-5.3%
INTC	Sell	INTEL CORP	$5,005,000	+5.0%	143,752	-6.8%	3.52%	+11.8%
PG	Sell	PROCTER & GAMBLE	$4,897,000	-4.4%	58,476	-10.3%	3.45%	+1.8%
MMM	Sell	3M	$3,859,000	-11.1%	27,235	-10.1%	2.72%	-5.4%
NSRGY	Sell	NESTLE SA ADR	$3,622,000	-14.2%	49,182	-9.5%	2.55%	-8.7%
CVS	Sell	CVS HEALTH	$3,613,000	-0.5%	45,393	-5.8%	2.54%	+5.9%
ADP	Sell	AUTOMATIC DATA PROCESSING	$3,567,000	-9.7%	48,932	-1.8%	2.51%	-3.9%
UTX	Buy	UNITED TECHNOLOGIES	$3,362,000	+1.4%	31,840	+10.9%	2.37%	+7.9%
EMR	Sell	EMERSON ELECTRIC	$3,339,000	-13.5%	53,347	-8.3%	2.35%	-8.0%
QCOM	Buy	QUALCOMM	$3,087,000	-0.5%	41,285	+5.4%	2.17%	+5.9%
IBM	Buy	INTL BUSINESS MACH	$3,076,000	+8.3%	16,209	+3.5%	2.17%	+15.3%
CVX	Sell	CHEVRON	$2,997,000	-24.6%	25,122	-17.5%	2.11%	-19.7%
MSFT	Sell	MICROSOFT CORP	$2,951,000	+5.4%	63,637	-5.2%	2.08%	+12.1%
ABT	Sell	ABBOTT LABS	$2,805,000	-10.4%	67,445	-11.9%	1.98%	-4.7%
SLB	Buy	SCHLUMBERGER	$2,738,000	-6.0%	26,920	+9.0%	1.93%	+0.1%
NVS	Sell	NOVARTIS AG ADR	$2,703,000	-6.2%	28,727	-9.8%	1.90%	-0.2%
CNI	Sell	CANADIAN NATL RAILWAY	$2,614,000	-5.2%	36,835	-13.1%	1.84%	+0.9%
MA	Buy	MASTERCARD	$2,519,000	+4.1%	34,090	+3.5%	1.77%	+10.8%
PEP	Sell	PEPSICO	$2,478,000	-1.0%	26,625	-5.0%	1.74%	+5.3%
CSCO	Sell	CISCO SYS INC	$2,383,000	-3.6%	94,685	-4.8%	1.68%	+2.6%
ATR	Sell	APTARGROUP	$2,375,000	-21.1%	39,125	-12.9%	1.67%	-16.0%
ABBV	Sell	ABBVIE	$2,317,000	-19.4%	40,105	-21.2%	1.63%	-14.2%
AAPL	Buy	APPLE INC	$2,231,000	+9.4%	22,142	+0.9%	1.57%	+16.4%
ROK	Sell	ROCKWELL AUTOMATION	$2,182,000	-12.7%	19,855	-0.6%	1.54%	-7.1%
GE	Sell	GENERAL ELECTRIC	$2,157,000	-18.6%	84,214	-16.5%	1.52%	-13.3%
AMGN	Sell	AMGEN INC	$2,133,000	+14.6%	15,186	-3.4%	1.50%	+22.0%
CELG	Buy	CELGENE CORP	$2,113,000	+23.0%	22,290	+11.4%	1.49%	+30.9%
EMC	Sell	E M C CORP MASS	$1,810,000	-7.0%	61,898	-16.2%	1.28%	-1.0%
GSK	Buy	GLAXOSMITHKLINE PLC ADR	$1,801,000	-9.4%	39,170	+5.4%	1.27%	-3.6%
FISV	Buy	FISERV	$1,724,000	+9.5%	26,675	+2.2%	1.21%	+16.5%
JCI	Buy	JOHNSON CONTROLS INC	$1,612,000	-9.7%	36,650	+2.5%	1.14%	-3.9%
ORCL	Buy	ORACLE	$1,591,000	+2.2%	41,545	+8.2%	1.12%	+8.7%
MCD	Buy	MCDONALDS CORP	$1,589,000	+29.7%	16,763	+37.8%	1.12%	+38.0%
WFC	Sell	WELLS FARGO	$1,527,000	-10.4%	29,435	-9.2%	1.08%	-4.6%
MRK	Sell	MERCK	$1,236,000	-2.5%	20,830	-5.0%	0.87%	+3.7%
LOW	Buy	LOWES COMPANIES	$1,214,000	+33.6%	22,935	+21.1%	0.86%	+42.3%
	Sell	NOVOZYMES A S DKK 2.0	$1,193,000	-27.8%	27,471	-16.6%	0.84%	-23.1%
JPM	Sell	JPMORGAN CHASE	$1,190,000	+3.5%	19,751	-1.0%	0.84%	+10.1%
TGT	Sell	TARGET CORP	$1,190,000	+7.6%	18,970	-0.7%	0.84%	+14.5%
PBA	Sell	PEMBINA PIPELINE CO	$1,166,000	-5.2%	27,650	-3.4%	0.82%	+0.9%
RHHBY	Buy	ROCHE HLDG LTD ADR	$1,142,000	+28.3%	30,872	+29.3%	0.80%	+36.5%
DD	Sell	DU PONT	$1,084,000	+2.8%	15,100	-6.2%	0.76%	+9.5%
GILD	Sell	GILEAD SCIENCES	$1,064,000	+22.2%	10,000	-4.8%	0.75%	+30.0%
NXPI	Sell	NXP SEMICONDUCTORS	$1,023,000	+0.7%	14,950	-2.6%	0.72%	+7.1%
VZ	Sell	VERIZON COMMUNICATIONS	$998,000	-2.4%	19,956	-4.6%	0.70%	+3.8%
DEO	Buy	DIAGEO PLC SPSD ADR	$981,000	+18.5%	8,505	+30.7%	0.69%	+26.1%
AFL	Sell	AFLAC INC	$953,000	-32.5%	16,354	-27.9%	0.67%	-28.2%
HP	Sell	HELMERICH & PAYNE	$937,000	-46.1%	9,575	-36.0%	0.66%	-42.6%
CL	Sell	COLGATE-PALMOLIVE	$821,000	-4.9%	12,585	-0.6%	0.58%	+1.2%
HD	Sell	HOME DEPOT	$747,000	+0.8%	8,150	-10.9%	0.53%	+7.3%
PX	Buy	PRAXAIR	$682,000	+102.4%	5,285	+108.5%	0.48%	+115.2%
DE	Sell	DEERE & CO	$624,000	-37.8%	7,609	-31.4%	0.44%	-33.9%
KO	Sell	COCA COLA	$533,000	-50.3%	12,500	-50.6%	0.38%	-47.1%
XLNX	Buy	XILINX	$509,000	-4.5%	12,000	+6.7%	0.36%	+1.4%
MMP	New	MAGELLAN MIDSTREAM LP	$505,000	–	6,000	–	0.36%	–
SYK	Buy	STRYKER CORP	$504,000	-1.0%	6,240	+3.3%	0.36%	+5.3%
CB	Sell	CHUBB CORP	$496,000	-59.1%	5,440	-58.6%	0.35%	-56.5%
ACN	Buy	ACCENTURE PLC SHS	$484,000	+16.3%	5,950	+15.5%	0.34%	+24.0%
ECL	Buy	ECOLAB INC	$459,000	+415.7%	4,000	+400.0%	0.32%	+447.5%
GLW	Sell	CORNING INC	$456,000	-39.3%	23,600	-31.0%	0.32%	-35.4%
ILMN	Sell	ILLUMINA	$438,000	-18.9%	2,675	-11.6%	0.31%	-13.7%
CVE	Sell	CENOVUS ENERGY	$414,000	-29.6%	15,450	-14.9%	0.29%	-24.9%
ETN	Buy	EATON CORP	$397,000	+126.9%	6,268	+176.4%	0.28%	+141.4%
CHD	Buy	CHURCH & DWIGHT	$386,000	+267.6%	5,500	+266.7%	0.27%	+294.2%
ABB	Sell	ABB LTD SPON ADR	$377,000	-8.3%	16,800	-5.6%	0.26%	-2.6%
NEE	New	NEXTERA ENERGY	$376,000	–	4,000	–	0.26%	–
PCL	Buy	PLUM CREEK TIMBER CO INC	$349,000	+711.6%	8,952	+840.3%	0.25%	+778.6%
NKE	Sell	NIKE INC CLASS B	$340,000	+10.7%	3,808	-3.8%	0.24%	+17.7%
J	Buy	JACOBS ENGINEERING	$317,000	+196.3%	6,500	+225.0%	0.22%	+214.1%
UNFI	Buy	UNITED NATURAL FOODS	$312,000	-4.9%	5,075	+0.7%	0.22%	+1.4%
YUM	Buy	YUM BRANDS	$288,000	+255.6%	4,000	+300.0%	0.20%	+275.9%
LH	Sell	LABORATORY CORP AMER	$278,000	-8.9%	2,730	-8.4%	0.20%	-3.0%
OII	New	OCEANEERING INTL	$261,000	–	4,000	–	0.18%	–
SYY	Sell	SYSCO	$245,000	-69.9%	6,435	-70.4%	0.17%	-67.8%
EPD	Buy	ENTERPRISE PRODUCTS PTNR	$242,000	+210.3%	6,000	+500.0%	0.17%	+226.9%
CERN	Buy	CERNER	$238,000	+357.7%	4,000	+300.0%	0.17%	+394.1%
	Sell	CHAMPLAIN SMALL CO FD ADVequity mutual fu	$231,000	-22.5%	14,528	-17.7%	0.16%	-17.3%
XYL	Buy	XYLEM INC	$231,000	+13.2%	6,525	+24.9%	0.16%	+20.7%
SU	Buy	SUNCOR ENERGY	$228,000	+91.6%	6,300	+125.0%	0.16%	+103.8%
SDRL	New	SEADRILL	$217,000	–	8,100	–	0.15%	–
COST	Buy	COSTCO WHOLESALE	$188,000	+63.5%	1,500	+50.0%	0.13%	+73.7%
ADBE	Sell	ADOBE SYS	$165,000	-16.2%	2,380	-12.5%	0.12%	-10.8%
GIS	New	GENERAL MILLS	$151,000	–	3,000	–	0.11%	–
MCK	New	MCKESSON	$146,000	–	750	–	0.10%	–
SBUX	Buy	STARBUCKS	$125,000	+23.8%	1,650	+26.9%	0.09%	+31.3%
ALXN	New	ALEXION PHARMACEUTICALS INC	$124,000	–	750	–	0.09%	–
BXP	New	BOSTON PPTYS INC REIT	$116,000	–	1,000	–	0.08%	–
4945SC	New	KINDER MORGAN ENERGY PARTNERS	$93,000	–	1,000	–	0.06%	–
DOV	New	DOVER CORP	$80,000	–	1,000	–	0.06%	–
RRC	Exit	RANGE RESOURCES	$0	–	-500	–	-0.03%	–
XEC	Exit	CIMAREX ENERGY	$0	–	-1,299	–	-0.12%	–
ROSE	Exit	ROSETTA RESOURCES INC	$0	–	-3,600	–	-0.13%	–
APC	Exit	ANADARKO PETE	$0	–	-1,950	–	-0.14%	–
BP	Exit	BP PLC SPON ADR	$0	–	-4,350	–	-0.15%	–
	Exit	ALGER SMID CAP GROWTH FUND CLAequity mutual fu	$0	–	-13,400	–	-0.17%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC SPONS	$0	–	-3,400	–	-0.18%	–
MON	Exit	MONSANTO	$0	–	-2,275	–	-0.19%	–
SNA	Exit	SNAP ON	$0	–	-3,500	–	-0.28%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL B	$0	–	-5,600	–	-0.47%	–
F113PS	Exit	COVIDIEN	$0	–	-9,495	–	-0.57%	–

Q2 2014

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$6,917,000	–	66,116	–	4.58%	–
XOM	New	EXXON MOBIL	$6,138,000	–	60,961	–	4.06%	–
PG	New	PROCTER & GAMBLE	$5,120,000	–	65,155	–	3.39%	–
INTC	New	INTEL CORP	$4,766,000	–	154,252	–	3.15%	–
MMM	New	3M	$4,340,000	–	30,305	–	2.87%	–
NSRGY	New	NESTLE SA ADR	$4,223,000	–	54,362	–	2.79%	–
CVX	New	CHEVRON	$3,973,000	–	30,442	–	2.63%	–
ADP	New	AUTOMATIC DATA PROCESSING	$3,950,000	–	49,832	–	2.61%	–
EMR	New	EMERSON ELECTRIC	$3,862,000	–	58,197	–	2.56%	–
CVS	New	CVS CAREMARK	$3,630,000	–	48,168	–	2.40%	–
UTX	New	UNITED TECHNOLOGIES	$3,316,000	–	28,715	–	2.19%	–
ABT	New	ABBOTT LABS	$3,131,000	–	76,545	–	2.07%	–
QCOM	New	QUALCOMM	$3,101,000	–	39,160	–	2.05%	–
ATR	New	APTARGROUP	$3,010,000	–	44,925	–	1.99%	–
SLB	New	SCHLUMBERGER	$2,913,000	–	24,695	–	1.93%	–
NVS	New	NOVARTIS AG ADR	$2,883,000	–	31,837	–	1.91%	–
ABBV	New	ABBVIE	$2,873,000	–	50,905	–	1.90%	–
IBM	New	INTL BUSINESS MACH	$2,839,000	–	15,659	–	1.88%	–
MSFT	New	MICROSOFT CORP	$2,800,000	–	67,137	–	1.85%	–
CNI	New	CANADIAN NATL RAILWAY	$2,756,000	–	42,385	–	1.82%	–
GE	New	GENERAL ELECTRIC	$2,650,000	–	100,814	–	1.75%	–
PEP	New	PEPSICO	$2,504,000	–	28,025	–	1.66%	–
ROK	New	ROCKWELL AUTOMATION	$2,499,000	–	19,965	–	1.65%	–
CSCO	New	CISCO SYS INC	$2,471,000	–	99,485	–	1.64%	–
MA	New	MASTERCARD	$2,419,000	–	32,940	–	1.60%	–
AAPL	New	APPLE INC	$2,040,000	–	21,952	–	1.35%	–
GSK	New	GLAXOSMITHKLINE PLC ADR	$1,988,000	–	37,170	–	1.32%	–
EMC	New	E M C CORP MASS	$1,947,000	–	73,898	–	1.29%	–
AMGN	New	AMGEN INC	$1,861,000	–	15,721	–	1.23%	–
JCI	New	JOHNSON CONTROLS INC	$1,785,000	–	35,750	–	1.18%	–
HP	New	HELMERICH & PAYNE	$1,738,000	–	14,965	–	1.15%	–
CELG	New	CELGENE CORP	$1,718,000	–	20,010	–	1.14%	–
WFC	New	WELLS FARGO	$1,704,000	–	32,435	–	1.13%	–
	New	NOVOZYMES A S DKK 2.0	$1,652,000	–	32,921	–	1.09%	–
FISV	New	FISERV	$1,575,000	–	26,100	–	1.04%	–
ORCL	New	ORACLE	$1,556,000	–	38,405	–	1.03%	–
AFL	New	AFLAC INC	$1,411,000	–	22,674	–	0.93%	–
HON	New	HONEYWELL INTL	$1,287,000	–	13,850	–	0.85%	–
MRK	New	MERCK	$1,268,000	–	21,930	–	0.84%	–
PBA	New	PEMBINA PIPELINE CO	$1,230,000	–	28,622	–	0.81%	–
MCD	New	MCDONALDS CORP	$1,225,000	–	12,163	–	0.81%	–
CB	New	CHUBB CORP	$1,212,000	–	13,140	–	0.80%	–
JPM	New	JPMORGAN CHASE	$1,150,000	–	19,951	–	0.76%	–
TGT	New	TARGET CORP	$1,106,000	–	19,095	–	0.73%	–
KO	New	COCA COLA	$1,072,000	–	25,300	–	0.71%	–
DD	New	DU PONT	$1,054,000	–	16,100	–	0.70%	–
VZ	New	VERIZON COMMUNICATIONS	$1,023,000	–	20,916	–	0.68%	–
NXPI	New	NXP SEMICONDUCTORS	$1,016,000	–	15,350	–	0.67%	–
DE	New	DEERE & CO	$1,004,000	–	11,097	–	0.66%	–
LOW	New	LOWES COMPANIES	$909,000	–	18,935	–	0.60%	–
RHHBY	New	ROCHE HLDG LTD ADR	$890,000	–	23,872	–	0.59%	–
GILD	New	GILEAD SCIENCES	$871,000	–	10,500	–	0.58%	–
CL	New	COLGATE-PALMOLIVE	$863,000	–	12,655	–	0.57%	–
F113PS	New	COVIDIEN	$857,000	–	9,495	–	0.57%	–
OXY	New	OCCIDENTAL PETE	$837,000	–	8,160	–	0.55%	–
DEO	New	DIAGEO PLC SPSD ADR	$828,000	–	6,505	–	0.55%	–
SYY	New	SYSCO	$813,000	–	21,735	–	0.54%	–
CMCSA	New	COMCAST CORP NEW CL A	$808,000	–	15,050	–	0.54%	–
BMY	New	BRISTOL-MYERS SQUIBB	$759,000	–	15,645	–	0.50%	–
GLW	New	CORNING INC	$751,000	–	34,200	–	0.50%	–
HD	New	HOME DEPOT	$741,000	–	9,150	–	0.49%	–
UNP	New	UNION PACIFIC	$738,000	–	7,400	–	0.49%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$709,000	–	5,600	–	0.47%	–
USB	New	US BANCORP	$658,000	–	15,195	–	0.44%	–
CVE	New	CENOVUS ENERGY	$588,000	–	18,150	–	0.39%	–
IR	New	INGERSOLL RAND PLC	$563,000	–	9,000	–	0.37%	–
APA	New	APACHE	$563,000	–	5,600	–	0.37%	–
COP	New	CONOCOPHILLIPS	$555,000	–	6,473	–	0.37%	–
ILMN	New	ILLUMINA	$540,000	–	3,025	–	0.36%	–
XLNX	New	XILINX	$533,000	–	11,250	–	0.35%	–
PFE	New	PFIZER	$529,000	–	17,850	–	0.35%	–
SYK	New	STRYKER CORP	$509,000	–	6,040	–	0.34%	–
WAG	New	WALGREEN	$503,000	–	6,780	–	0.33%	–
PRGO	New	PERRIGO CO	$469,000	–	3,220	–	0.31%	–
	New	MUNDER VERACITY SMALL CAP VALUequity mutual fu	$432,000	–	12,971	–	0.29%	–
ACN	New	ACCENTURE PLC SHS	$416,000	–	5,150	–	0.28%	–
SNA	New	SNAP ON	$415,000	–	3,500	–	0.28%	–
ABB	New	ABB LTD SPON ADR	$411,000	–	17,800	–	0.27%	–
WMT	New	WAL-MART STORES	$409,000	–	5,450	–	0.27%	–
LLTC	New	LINEAR TECHNOLOGY	$395,000	–	8,400	–	0.26%	–
ITW	New	ILLINOIS TOOL WORKS	$343,000	–	3,920	–	0.23%	–
PX	New	PRAXAIR	$337,000	–	2,535	–	0.22%	–
UNFI	New	UNITED NATURAL FOODS	$328,000	–	5,040	–	0.22%	–
IP	New	INTL PAPER	$318,000	–	6,300	–	0.21%	–
NKE	New	NIKE INC CLASS B	$307,000	–	3,958	–	0.20%	–
LH	New	LABORATORY CORP AMER	$305,000	–	2,980	–	0.20%	–
	New	CHAMPLAIN SMALL CO FD ADVequity mutual fu	$298,000	–	17,657	–	0.20%	–
LLY	New	ELI LILLY & CO	$292,000	–	4,706	–	0.19%	–
ACE	New	ACE LIMITED	$292,000	–	2,820	–	0.19%	–
ECA	New	ENCANA	$289,000	–	12,200	–	0.19%	–
MON	New	MONSANTO	$284,000	–	2,275	–	0.19%	–
RDSA	New	ROYAL DUTCH SHELL PLC SPONS	$280,000	–	3,400	–	0.18%	–
	New	ALGER SMID CAP GROWTH FUND CLAequity mutual fu	$263,000	–	13,400	–	0.17%	–
PSX	New	PHILLIPS 66	$252,000	–	3,138	–	0.17%	–
PAYX	New	PAYCHEX	$246,000	–	5,920	–	0.16%	–
BP	New	BP PLC SPON ADR	$230,000	–	4,350	–	0.15%	–
ALNY	New	ALNYLAM PHARMA	$228,000	–	3,611	–	0.15%	–
APC	New	ANADARKO PETE	$213,000	–	1,950	–	0.14%	–
XYL	New	XYLEM INC	$204,000	–	5,225	–	0.14%	–
ADBE	New	ADOBE SYS	$197,000	–	2,720	–	0.13%	–
ROSE	New	ROSETTA RESOURCES INC	$197,000	–	3,600	–	0.13%	–
XEC	New	CIMAREX ENERGY	$186,000	–	1,299	–	0.12%	–
CI	New	CIGNA	$175,000	–	1,900	–	0.12%	–
ETN	New	EATON CORP	$175,000	–	2,268	–	0.12%	–
GOOGL	New	GOOGLE INC CL A	$140,000	–	240	–	0.09%	–
GOOG	New	GOOGLE INC	$138,000	–	240	–	0.09%	–
SU	New	SUNCOR ENERGY	$119,000	–	2,800	–	0.08%	–
COST	New	COSTCO WHOLESALE	$115,000	–	1,000	–	0.08%	–
NVO	New	NOVO NORDISK A S ADR	$115,000	–	2,500	–	0.08%	–
J	New	JACOBS ENGINEERING	$107,000	–	2,000	–	0.07%	–
CHD	New	CHURCH & DWIGHT	$105,000	–	1,500	–	0.07%	–
SBUX	New	STARBUCKS	$101,000	–	1,300	–	0.07%	–
ECL	New	ECOLAB INC	$89,000	–	800	–	0.06%	–
YUM	New	YUM BRANDS	$81,000	–	1,000	–	0.05%	–
EPD	New	ENTERPRISE PRODUCTS PTNR	$78,000	–	1,000	–	0.05%	–
CERN	New	CERNER	$52,000	–	1,000	–	0.03%	–
PCL	New	PLUM CREEK TIMBER CO INC	$43,000	–	952	–	0.03%	–
RRC	New	RANGE RESOURCES	$43,000	–	500	–	0.03%	–

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