Barbara Oil Co. Activity Q4 2013-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
CPRT	Buy	COPART INC	$2,361,332	-5.5%	54,800	+100.0%	1.12%	-2.3%
	New	KENVUE INC	$728,302	–	36,270	–	0.34%	–

Q2 2023

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$16,883,040	–	102,000	–	7.74%	–
JPM	New	JP MORGAN CHASE & CO	$9,744,480	–	67,000	–	4.47%	–
PG	New	PROCTER & GAMBLE CO	$7,890,480	–	52,000	–	3.62%	–
WMT	New	WALMART INC	$7,544,640	–	48,000	–	3.46%	–
HD	New	HOME DEPOT INC	$7,455,360	–	24,000	–	3.42%	–
GL	New	GLOBE LIFE INC	$7,399,350	–	67,500	–	3.39%	–
MRK	New	MERCK & CO INC	$7,188,220	–	62,295	–	3.29%	–
MSFT	New	MICROSOFT CORP	$6,810,800	–	20,000	–	3.12%	–
PFE	New	PFIZER INC	$5,776,660	–	157,488	–	2.65%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,527,360	–	11,500	–	2.53%	–
TDG	New	TRANSDIGM GROUP INC	$4,976,056	–	5,565	–	2.28%	–
XOM	New	EXXON MOBIL CORP	$4,826,250	–	45,000	–	2.21%	–
BA	New	BOEING CO	$4,751,100	–	22,500	–	2.18%	–
IDXX	New	IDEXX LABORATORIES INC	$4,266,444	–	8,495	–	1.96%	–
MA	New	MASTERCARD INC.cl a	$4,168,980	–	10,600	–	1.91%	–
LMT	New	LOCKHEED MARTIN CORP	$3,913,230	–	8,500	–	1.79%	–
EMR	New	EMERSON ELECTRIC CO	$3,841,575	–	42,500	–	1.76%	–
ITW	New	ILLINOIS TOOL WKS INC	$3,752,400	–	15,000	–	1.72%	–
AJG	New	ARTHUR J GALLAGHER & CO	$3,622,905	–	16,500	–	1.66%	–
CSCO	New	CISCO SYSTEMS INC	$3,567,525	–	68,951	–	1.64%	–
BK	New	BANK OF NEW YORK MELLON CORP	$3,561,600	–	80,000	–	1.63%	–
HON	New	HONEYWELL INTERNATIONAL INC	$3,320,000	–	16,000	–	1.52%	–
CAT	New	CATERPILLAR INC	$3,075,625	–	12,500	–	1.41%	–
UNP	New	UNION PACIFIC CORP	$3,069,300	–	15,000	–	1.41%	–
CSGP	New	COSTAR GROUP INC	$2,848,000	–	32,000	–	1.30%	–
INTC	New	INTEL CORP	$2,842,400	–	85,000	–	1.30%	–
NSC	New	NORFOLK SOUTHERN CORP	$2,834,500	–	12,500	–	1.30%	–
ABBV	New	ABBVIE INC	$2,694,600	–	20,000	–	1.24%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,685,900	–	42,000	–	1.23%	–
AVY	New	AVERY DENNISON CORP	$2,662,900	–	15,500	–	1.22%	–
CPRT	New	COPART INC	$2,499,154	–	27,400	–	1.14%	–
ADBE	New	ADOBE SYSTEMS INC	$2,383,826	–	4,875	–	1.09%	–
DXCM	New	DEXCOM INC	$1,979,054	–	15,400	–	0.91%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$1,957,700	–	10,000	–	0.90%	–
WSO	New	WATSCO INC	$1,907,350	–	5,000	–	0.87%	–
BAX	New	BAXTER INTERNATIONAL INC	$1,822,400	–	40,000	–	0.84%	–
TXN	New	TEXAS INSTRUMENTS INC	$1,800,200	–	10,000	–	0.82%	–
GIS	New	GENERAL MILLS INC	$1,687,400	–	22,000	–	0.77%	–
ADI	New	ANALOG DEVICES INC	$1,655,885	–	8,500	–	0.76%	–
ZTS	New	ZOETIS INCcl a	$1,654,938	–	9,610	–	0.76%	–
V	New	VISA INC	$1,650,486	–	6,950	–	0.76%	–
ABT	New	ABBOTT LABORATORIES	$1,635,300	–	15,000	–	0.75%	–
CVX	New	CHEVRON CORP	$1,573,500	–	10,000	–	0.72%	–
CL	New	COLGATE-PALMOLIVE CO	$1,540,800	–	20,000	–	0.71%	–
PGR	New	PROGRESSIVE CORP	$1,535,492	–	11,600	–	0.70%	–
FISV	New	FISERV INC	$1,513,800	–	12,000	–	0.69%	–
KO	New	COCA COLA CO	$1,505,500	–	25,000	–	0.69%	–
GOOG	New	ALPHABET INC-CL Ccap stk cl c	$1,451,640	–	12,000	–	0.66%	–
	New	APPLIED MATERIALS INC	$1,445,400	–	10,000	–	0.66%	–
WST	New	WEST PHARMACEUTICAL SERVICES	$1,415,139	–	3,700	–	0.65%	–
K	New	KELLOGG CO	$1,348,000	–	20,000	–	0.62%	–
BDX	New	BECTON DICKINSON AND CO	$1,320,050	–	5,000	–	0.60%	–
ALGN	New	ALIGN TECHNOLOGY INC	$1,228,899	–	3,475	–	0.56%	–
VEEV	New	VEEVA SYSTEMS INC	$1,221,971	–	6,180	–	0.56%	–
APD	New	AIR PRODS & CHEMS INC	$1,198,120	–	4,000	–	0.55%	–
ULTA	New	ULTA BEAUTY INC	$1,176,488	–	2,500	–	0.54%	–
AMT	New	AMERICAN TOWER CORP	$1,163,640	–	6,000	–	0.53%	–
BAC	New	BANK OF AMERICA CORP	$1,147,600	–	40,000	–	0.53%	–
AMZN	New	AMAZON COM INC	$1,147,168	–	8,800	–	0.53%	–
ADP	New	AUTOMATIC DATA PROCESSING	$1,098,950	–	5,000	–	0.50%	–
DE	New	DEERE & CO	$1,069,702	–	2,640	–	0.49%	–
ATVI	New	ACTIVISION BLIZZARD INC	$1,011,600	–	12,000	–	0.46%	–
TYL	New	TYLER TECHNOLOGIES INC	$999,528	–	2,400	–	0.46%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$955,300	–	1,000	–	0.44%	–
FAST	New	FASTENAL CO	$943,840	–	16,000	–	0.43%	–
LYV	New	LIVE NATION ENTERTAINMENT INC	$912,011	–	10,010	–	0.42%	–
POOL	New	POOL CORP	$908,502	–	2,425	–	0.42%	–
JBHT	New	HUNT JB TRANS SVCS INC	$905,150	–	5,000	–	0.42%	–
INTU	New	INTUIT INC	$870,561	–	1,900	–	0.40%	–
WM	New	WASTE MANAGEMENT INC	$867,100	–	5,000	–	0.40%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$848,100	–	7,500	–	0.39%	–
VZ	New	VERIZON COMMUNICATIONS INC	$836,775	–	22,500	–	0.38%	–
DIS	New	DISNEY WALT CO	$803,520	–	9,000	–	0.37%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$798,840	–	10,500	–	0.37%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$783,680	–	8,000	–	0.36%	–
APH	New	AMPHENOL CORPcl a	$773,045	–	9,100	–	0.35%	–
WFC	New	WELLS FARGO & CO	$768,240	–	18,000	–	0.35%	–
	New	RYAN SPECIALTY GROUP HLDGS Acl a	$596,364	–	13,285	–	0.27%	–
PXD	New	PIONEER NATURAL RESOURCES CO	$580,104	–	2,800	–	0.27%	–
NEOG	New	NEOGEN CORP	$562,673	–	25,870	–	0.26%	–
ACN	New	ACCENTURE PLC IRELAND	$555,444	–	1,800	–	0.26%	–
	New	POWERSCHOOL HOLDINGS INC	$436,775	–	22,820	–	0.20%	–
T	New	AT&T INC	$239,250	–	15,000	–	0.11%	–

Q4 2022

			Value		Shares		↓ Weighting
T	Exit	AT&T INC	$0	–	-15,000	–	-0.13%	–
ACN	Exit	ACCENTURE PLC-CL A	$0	–	-1,800	–	-0.25%	–
	Exit	RYAN SPECIALTY GROUP HLDGS Acl a	$0	–	-13,285	–	-0.30%	–
PXD	Exit	PIONEER NATURAL RESOURCES CO	$0	–	-2,800	–	-0.33%	–
APH	Exit	AMPHENOL CORPcl a	$0	–	-9,100	–	-0.33%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC	$0	–	-10,500	–	-0.36%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-8,000	–	-0.36%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-7,500	–	-0.37%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-1,000	–	-0.39%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-3,475	–	-0.40%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-18,000	–	-0.40%	–
INTU	Exit	INTUIT INC	$0	–	-1,900	–	-0.40%	–
FAST	Exit	FASTENAL CO	$0	–	-16,000	–	-0.40%	–
LYV	Exit	LIVE NATION ENTERTAINMENT INC	$0	–	-10,010	–	-0.42%	–
POOL	Exit	POOL CORP	$0	–	-2,425	–	-0.42%	–
JBHT	Exit	HUNT JB TRANS SVCS INC	$0	–	-5,000	–	-0.43%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-5,000	–	-0.44%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-10,000	–	-0.45%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-2,400	–	-0.46%	–
DIS	Exit	WALT DISNEY CO/THE	$0	–	-9,000	–	-0.47%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-22,500	–	-0.47%	–
DE	Exit	DEERE & CO	$0	–	-2,640	–	-0.48%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-12,000	–	-0.49%	–
WST	Exit	WEST PHARMACEUTICAL SERVICES	$0	–	-3,700	–	-0.50%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-4,000	–	-0.51%	–
CI	Exit	CIGNA CORP	$0	–	-3,529	–	-0.54%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-8,800	–	-0.54%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-2,500	–	-0.55%	–
VEEV	Exit	VEEVA SYSTEMS INC	$0	–	-6,180	–	-0.56%	–
BDX	Exit	BECTON DICKINSON AND CO	$0	–	-5,000	–	-0.61%	–
FISV	Exit	FISERV INC	$0	–	-12,000	–	-0.62%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-5,000	–	-0.62%	–
GOOG	Exit	ALPHABET INC-CL Ccap stk cl c	$0	–	-12,000	–	-0.63%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-8,500	–	-0.65%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-40,000	–	-0.66%	–
V	Exit	VISA INC	$0	–	-6,950	–	-0.68%	–
DXCM	Exit	DEXCOM INC	$0	–	-15,400	–	-0.68%	–
WSO	Exit	WATSCO INC	$0	–	-5,000	–	-0.71%	–
AMT	Exit	AMERICAN TOWER CORP	$0	–	-6,000	–	-0.71%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-4,875	–	-0.74%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-11,600	–	-0.74%	–
K	Exit	KELLOGG CO	$0	–	-20,000	–	-0.76%	–
KO	Exit	COCA-COLA CO	$0	–	-25,000	–	-0.77%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-20,000	–	-0.77%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-9,610	–	-0.78%	–
CVX	Exit	CHEVRON CORP	$0	–	-10,000	–	-0.79%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-15,000	–	-0.80%	–
CPRT	Exit	COPART INC	$0	–	-13,700	–	-0.80%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-10,000	–	-0.85%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-22,000	–	-0.92%	–
CAT	Exit	CATERPILLAR INC	$0	–	-12,500	–	-1.12%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-10,000	–	-1.14%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-40,000	–	-1.18%	–
INTC	Exit	INTEL CORP	$0	–	-85,000	–	-1.20%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-32,000	–	-1.22%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-15,500	–	-1.38%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-16,000	–	-1.47%	–
ABBV	Exit	ABBVIE INC	$0	–	-20,000	–	-1.47%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-15,000	–	-1.49%	–
BA	Exit	BOEING CO	$0	–	-22,500	–	-1.50%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-68,951	–	-1.51%	–
IDXX	Exit	IDEXX LABORATORIES INC	$0	–	-8,495	–	-1.52%	–
AJG	Exit	ARTHUR J GALLAGHER & CO	$0	–	-16,500	–	-1.55%	–
TDG	Exit	TRANSDIGM GROUP INC	$0	–	-5,565	–	-1.60%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-42,000	–	-1.64%	–
MA	Exit	MASTERCARD INC.cl a	$0	–	-10,600	–	-1.65%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-80,000	–	-1.69%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-42,500	–	-1.71%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-8,500	–	-1.80%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-45,000	–	-2.16%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-20,000	–	-2.56%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-24,000	–	-2.76%	–
MRK	Exit	MERCK AND CO INC	$0	–	-62,295	–	-2.94%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-11,500	–	-3.19%	–
WMT	Exit	WALMART STORES INC	$0	–	-48,000	–	-3.42%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-52,000	–	-3.60%	–
HD	Exit	HOME DEPOT INC	$0	–	-24,000	–	-3.63%	–
GL	Exit	GLOBE LIFE INC	$0	–	-67,500	–	-3.69%	–
PFE	Exit	PFIZER INC	$0	–	-157,488	–	-3.78%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-67,000	–	-3.84%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-102,000	–	-9.14%	–

Q3 2022

			Value		Shares		↓ Weighting
GOOG	Buy	ALPHABET INC-CL Ccap stk cl c	$1,154,000	-12.0%	12,000	+1900.0%	0.63%	-6.9%
DE	Buy	DEERE & CO	$881,000	+123.0%	2,640	+100.0%	0.48%	+135.6%
INTU	Buy	INTUIT INC	$736,000	+139.0%	1,900	+137.5%	0.40%	+152.5%
ALGN	Buy	ALIGN TECHNOLOGY INC	$720,000	+21.6%	3,475	+39.0%	0.40%	+28.7%
APH	Buy	AMPHENOL CORPcl a	$609,000	+57.8%	9,100	+51.7%	0.33%	+67.0%
	Buy	RYAN SPECIALTY GROUP HLDGS Acl a	$540,000	+80.6%	13,285	+74.1%	0.30%	+91.0%
	Exit	EMBECTA CORP	$0	–	-1,000	–	-0.01%	–
	Exit	WARNER BROS DISCOVERY INC	$0	–	-3,628	–	-0.02%	–

Q2 2022

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$18,106,000	–	102,000	–	9.39%	–
PFE	New	PFIZER INC	$8,257,000	–	157,488	–	4.28%	–
JPM	New	JP MORGAN CHASE & CO	$7,545,000	–	67,000	–	3.91%	–
PG	New	PROCTER & GAMBLE CO	$7,477,000	–	52,000	–	3.88%	–
HD	New	HOME DEPOT INC	$6,582,000	–	24,000	–	3.41%	–
GL	New	GLOBE LIFE INC	$6,579,000	–	67,500	–	3.41%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,907,000	–	11,500	–	3.06%	–
WMT	New	WALMART STORES INC	$5,836,000	–	48,000	–	3.03%	–
MRK	New	MERCK AND CO INC	$5,679,000	–	62,295	–	2.94%	–
NSC	New	NORFOLK SOUTHERN CORP	$5,455,000	–	24,000	–	2.83%	–
MSFT	New	MICROSOFT CORP	$5,137,000	–	20,000	–	2.66%	–
XOM	New	EXXON MOBIL CORP	$3,854,000	–	45,000	–	2.00%	–
LMT	New	LOCKHEED MARTIN CORP	$3,655,000	–	8,500	–	1.90%	–
EMR	New	EMERSON ELECTRIC CO	$3,380,000	–	42,500	–	1.75%	–
MA	New	MASTERCARD INC.cl a	$3,344,000	–	10,600	–	1.73%	–
BK	New	BANK OF NEW YORK MELLON CORP	$3,337,000	–	80,000	–	1.73%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$3,234,000	–	42,000	–	1.68%	–
INTC	New	INTEL CORP	$3,180,000	–	85,000	–	1.65%	–
BA	New	BOEING CO	$3,076,000	–	22,500	–	1.60%	–
ABBV	New	ABBVIE INC	$3,063,000	–	20,000	–	1.59%	–
TDG	New	TRANSDIGM GROUP INC	$2,987,000	–	5,565	–	1.55%	–
IDXX	New	IDEXX LABORATORIES INC	$2,979,000	–	8,495	–	1.54%	–
CSCO	New	CISCO SYSTEMS INC	$2,940,000	–	68,951	–	1.52%	–
HON	New	HONEYWELL INTERNATIONAL INC	$2,781,000	–	16,000	–	1.44%	–
ITW	New	ILLINOIS TOOL WORKS INC	$2,734,000	–	15,000	–	1.42%	–
AJG	New	ARTHUR J GALLAGHER & CO	$2,690,000	–	16,500	–	1.40%	–
BAX	New	BAXTER INTERNATIONAL INC	$2,569,000	–	40,000	–	1.33%	–
AVY	New	AVERY DENNISON CORP	$2,509,000	–	15,500	–	1.30%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$2,417,000	–	10,000	–	1.25%	–
CAT	New	CATERPILLAR INC	$2,235,000	–	12,500	–	1.16%	–
CSGP	New	COSTAR GROUP INC	$1,933,000	–	32,000	–	1.00%	–
ADBE	New	ADOBE SYSTEMS INC	$1,785,000	–	4,875	–	0.93%	–
GIS	New	GENERAL MILLS INC	$1,660,000	–	22,000	–	0.86%	–
ZTS	New	ZOETIS INCcl a	$1,652,000	–	9,610	–	0.86%	–
ABT	New	ABBOTT LABORATORIES	$1,630,000	–	15,000	–	0.84%	–
CL	New	COLGATE-PALMOLIVE CO	$1,603,000	–	20,000	–	0.83%	–
KO	New	COCA-COLA CO	$1,573,000	–	25,000	–	0.82%	–
TXN	New	TEXAS INSTRUMENTS INC	$1,537,000	–	10,000	–	0.80%	–
AMT	New	AMERICAN TOWER CORP	$1,534,000	–	6,000	–	0.80%	–
CPRT	New	COPART INC	$1,489,000	–	13,700	–	0.77%	–
CVX	New	CHEVRON CORP	$1,448,000	–	10,000	–	0.75%	–
K	New	KELLOGG CO	$1,427,000	–	20,000	–	0.74%	–
V	New	VISA INC	$1,369,000	–	6,950	–	0.71%	–
PGR	New	PROGRESSIVE CORP	$1,349,000	–	11,600	–	0.70%	–
GOOG	New	ALPHABET INC-CL Ccap stk cl c	$1,312,000	–	600	–	0.68%	–
BAC	New	BANK OF AMERICA CORP	$1,245,000	–	40,000	–	0.65%	–
ADI	New	ANALOG DEVICES INC	$1,242,000	–	8,500	–	0.64%	–
BDX	New	BECTON DICKINSON AND CO	$1,233,000	–	5,000	–	0.64%	–
VEEV	New	VEEVA SYSTEMS INC	$1,224,000	–	6,180	–	0.64%	–
WSO	New	WATSCO INC	$1,194,000	–	5,000	–	0.62%	–
DXCM	New	DEXCOM INC	$1,148,000	–	15,400	–	0.60%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,142,000	–	22,500	–	0.59%	–
WST	New	WEST PHARMACEUTICAL SERVICES	$1,119,000	–	3,700	–	0.58%	–
FISV	New	FISERV INC	$1,068,000	–	12,000	–	0.55%	–
ADP	New	AUTOMATIC DATA PROCESSING	$1,050,000	–	5,000	–	0.54%	–
ULTA	New	ULTA BEAUTY INC	$964,000	–	2,500	–	0.50%	–
APD	New	AIR PRODS & CHEMS INC	$962,000	–	4,000	–	0.50%	–
AMZN	New	AMAZON.COM INC	$935,000	–	8,800	–	0.48%	–
ATVI	New	ACTIVISION BLIZZARD INC	$934,000	–	12,000	–	0.48%	–
CI	New	CIGNA CORP	$930,000	–	3,529	–	0.48%	–
AMAT	New	APPLIED MATERIALS INC	$910,000	–	10,000	–	0.47%	–
POOL	New	POOL CORP	$852,000	–	2,425	–	0.44%	–
DIS	New	WALT DISNEY CO/THE	$850,000	–	9,000	–	0.44%	–
LYV	New	LIVE NATION ENTERTAINMENT INC	$827,000	–	10,010	–	0.43%	–
TYL	New	TYLER TECHNOLOGIES INC	$798,000	–	2,400	–	0.41%	–
FAST	New	FASTENAL CO	$799,000	–	16,000	–	0.41%	–
JBHT	New	HUNT JB TRANS SVCS INC	$787,000	–	5,000	–	0.41%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$769,000	–	8,000	–	0.40%	–
WM	New	WASTE MANAGEMENT INC	$765,000	–	5,000	–	0.40%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$745,000	–	10,500	–	0.39%	–
WFC	New	WELLS FARGO & CO	$705,000	–	18,000	–	0.37%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$705,000	–	7,500	–	0.37%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$632,000	–	1,000	–	0.33%	–
PXD	New	PIONEER NATURAL RESOURCES CO	$625,000	–	2,800	–	0.32%	–
ALGN	New	ALIGN TECHNOLOGY INC	$592,000	–	2,500	–	0.31%	–
ACN	New	ACCENTURE PLC-CL A	$500,000	–	1,800	–	0.26%	–
DE	New	DEERE & CO	$395,000	–	1,320	–	0.20%	–
APH	New	AMPHENOL CORPcl a	$386,000	–	6,000	–	0.20%	–
T	New	AT&T INC	$314,000	–	15,000	–	0.16%	–
INTU	New	INTUIT INC	$308,000	–	800	–	0.16%	–
	New	RYAN SPECIALTY GROUP HLDGS Acl a	$299,000	–	7,630	–	0.16%	–
	New	WARNER BROS DISCOVERY INC	$49,000	–	3,628	–	0.02%	–
	New	EMBECTA CORP	$25,000	–	1,000	–	0.01%	–

Q4 2021

			Value		Shares		↓ Weighting
OGN	Exit	ORGANON & CO	$0	–	-6,229	–	-0.10%	–
OSH	Exit	OAK STREET HEALTH INC	$0	–	-9,400	–	-0.19%	–
T	Exit	AT&T INC	$0	–	-15,000	–	-0.19%	–
COUP	Exit	COUPA SOFTWARE INC	$0	–	-1,965	–	-0.20%	–
INTU	Exit	INTUIT INC	$0	–	-800	–	-0.20%	–
APH	Exit	AMPHENOL CORPcl a	$0	–	-6,000	–	-0.21%	–
PXD	Exit	PIONEER NATURAL RESOURCES CO	$0	–	-2,800	–	-0.22%	–
FTV	Exit	FORTIVE CORP	$0	–	-7,460	–	-0.25%	–
CHWY	Exit	CHEWY INCcl a	$0	–	-7,870	–	-0.25%	–
ACN	Exit	ACCENTURE PLC-CL A	$0	–	-1,800	–	-0.27%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-1,000	–	-0.29%	–
DOCU	Exit	DOCUSIGN INC	$0	–	-2,505	–	-0.30%	–
ABNB	Exit	AIRBNB INC	$0	–	-4,040	–	-0.32%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-8,000	–	-0.32%	–
BLL	Exit	BALL CORP	$0	–	-7,750	–	-0.33%	–
CI	Exit	CIGNA CORP	$0	–	-3,529	–	-0.33%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-5,000	–	-0.35%	–
FAST	Exit	FASTENAL CO	$0	–	-16,000	–	-0.39%	–
JBHT	Exit	HUNT JB TRANS SVCS INC	$0	–	-5,000	–	-0.39%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-7,500	–	-0.40%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-2,500	–	-0.42%	–
LYV	Exit	LIVE NATION ENTERTAINMENT INC	$0	–	-10,010	–	-0.43%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-20,000	–	-0.44%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-12,000	–	-0.44%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-5,000	–	-0.47%	–
CVX	Exit	CHEVRON CORP	$0	–	-10,000	–	-0.48%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-4,000	–	-0.48%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-11,600	–	-0.49%	–
DXCM	Exit	DEXCOM INC	$0	–	-1,925	–	-0.49%	–
POOL	Exit	POOL CORP	$0	–	-2,425	–	-0.49%	–
KMX	Exit	CARMAX INC	$0	–	-8,400	–	-0.50%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-2,400	–	-0.52%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-22,500	–	-0.57%	–
BDX	Exit	BECTON DICKINSON AND CO	$0	–	-5,000	–	-0.58%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC	$0	–	-10,500	–	-0.58%	–
K	Exit	KELLOGG CO	$0	–	-20,000	–	-0.60%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-10,000	–	-0.60%	–
FISV	Exit	FISERV INC	$0	–	-12,000	–	-0.61%	–
KO	Exit	COCA-COLA CO	$0	–	-25,000	–	-0.62%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-22,000	–	-0.62%	–
WSO	Exit	WATSCO INC	$0	–	-5,000	–	-0.62%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-8,500	–	-0.67%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-440	–	-0.68%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-20,000	–	-0.71%	–
DIS	Exit	DISNEY WALT CO	$0	–	-9,000	–	-0.71%	–
V	Exit	VISA INC	$0	–	-6,950	–	-0.73%	–
WST	Exit	WEST PHARMACEUTICAL SERVICES	$0	–	-3,700	–	-0.74%	–
AMT	Exit	AMERICAN TOWER CORP	$0	–	-6,000	–	-0.75%	–
GOOG	Exit	ALPHABET INC-CL Ccap stk cl c	$0	–	-600	–	-0.75%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-2,500	–	-0.78%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-40,000	–	-0.80%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-15,000	–	-0.83%	–
VEEV	Exit	VEEVA SYSTEMS INC	$0	–	-6,180	–	-0.84%	–
CPRT	Exit	COPART INC	$0	–	-13,700	–	-0.89%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-10,000	–	-0.90%	–
ABBV	Exit	ABBVIE INC	$0	–	-20,000	–	-1.01%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-10,000	–	-1.03%	–
CAT	Exit	CATERPILLAR INC	$0	–	-12,500	–	-1.12%	–
AJG	Exit	ARTHUR J GALLAGHER & CO	$0	–	-16,500	–	-1.15%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-42,000	–	-1.16%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-45,000	–	-1.24%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-32,000	–	-1.29%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-4,875	–	-1.32%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-15,000	–	-1.36%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-8,500	–	-1.38%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-15,000	–	-1.45%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-15,500	–	-1.51%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-40,000	–	-1.51%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-16,000	–	-1.59%	–
TDG	Exit	TRANSDIGM GROUP INC	$0	–	-5,565	–	-1.63%	–
MA	Exit	MASTERCARD INC.cl a	$0	–	-10,600	–	-1.73%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-68,951	–	-1.76%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-42,500	–	-1.88%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-80,000	–	-1.94%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-11,500	–	-2.11%	–
INTC	Exit	INTEL CORP	$0	–	-85,000	–	-2.12%	–
MRK	Exit	MERCK AND CO INC	$0	–	-62,295	–	-2.19%	–
BA	Exit	BOEING CO	$0	–	-22,500	–	-2.32%	–
IDXX	Exit	IDEXX LABORATORIES INC	$0	–	-8,495	–	-2.48%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-20,000	–	-2.64%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-24,000	–	-2.69%	–
GL	Exit	GLOBE LIFE INC	$0	–	-67,500	–	-2.82%	–
WMT	Exit	WALMART STORES INC	$0	–	-48,000	–	-3.14%	–
PFE	Exit	PFIZER INC	$0	–	-157,488	–	-3.18%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-52,000	–	-3.41%	–
HD	Exit	HOME DEPOT INC	$0	–	-24,000	–	-3.69%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-67,000	–	-5.14%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-102,000	–	-7.72%	–

Q3 2021

			Value		Shares		↓ Weighting
TDG	Sell	TRANSDIGM GROUP INC	$3,476,000	-10.5%	5,565	-7.2%	1.63%	-9.0%
VEEV	Sell	VEEVA SYSTEMS INC	$1,781,000	-42.1%	6,180	-37.6%	0.84%	-41.2%
CVX	Buy	CHEVRON CORP	$1,015,000	+21.1%	10,000	+25.0%	0.48%	+23.3%
ABNB	New	AIRBNB INC	$678,000	–	4,040	–	0.32%	–
CHWY	New	CHEWY INCcl a	$536,000	–	7,870	–	0.25%	–
MRCY	Exit	MERCURY SYSTEMS INC	$0	–	-12,920	–	-0.40%	–

Q2 2021

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$16,803,000	–	102,000	–	7.75%	–
JPM	New	JP MORGAN CHASE & CO	$10,421,000	–	67,000	–	4.80%	–
HD	New	HOME DEPOT INC	$7,653,000	–	24,000	–	3.53%	–
PG	New	PROCTER & GAMBLE CO	$7,016,000	–	52,000	–	3.24%	–
WMT	New	WALMART STORES INC	$6,769,000	–	48,000	–	3.12%	–
GL	New	GLOBE LIFE INC	$6,429,000	–	67,500	–	2.96%	–
NSC	New	NORFOLK SOUTHERN CORP	$6,370,000	–	24,000	–	2.94%	–
PFE	New	PFIZER INC	$6,167,000	–	157,488	–	2.84%	–
MSFT	New	MICROSOFT CORP	$5,418,000	–	20,000	–	2.50%	–
BA	New	BOEING CO	$5,390,000	–	22,500	–	2.49%	–
IDXX	New	IDEXX LABORATORIES INC	$5,365,000	–	8,495	–	2.47%	–
MRK	New	MERCK AND CO INC	$4,845,000	–	62,295	–	2.23%	–
INTC	New	INTEL CORP	$4,772,000	–	85,000	–	2.20%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,605,000	–	11,500	–	2.12%	–
BK	New	BANK OF NEW YORK MELLON CORP	$4,098,000	–	80,000	–	1.89%	–
EMR	New	EMERSON ELECTRIC CO	$4,090,000	–	42,500	–	1.89%	–
TDG	New	TRANSDIGM GROUP INC	$3,884,000	–	6,000	–	1.79%	–
MA	New	MASTERCARD INC.cl a	$3,870,000	–	10,600	–	1.78%	–
CSCO	New	CISCO SYSTEMS INC	$3,654,000	–	68,951	–	1.68%	–
HON	New	HONEYWELL INTERNATIONAL INC	$3,510,000	–	16,000	–	1.62%	–
ITW	New	ILLINOIS TOOL WORKS INC	$3,353,000	–	15,000	–	1.55%	–
AVY	New	AVERY DENNISON CORP	$3,259,000	–	15,500	–	1.50%	–
BAX	New	BAXTER INTERNATIONAL INC	$3,220,000	–	40,000	–	1.48%	–
LMT	New	LOCKHEED MARTIN CORP	$3,216,000	–	8,500	–	1.48%	–
VEEV	New	VEEVA SYSTEMS INC - CLASS A	$3,078,000	–	9,900	–	1.42%	–
ADBE	New	ADOBE SYSTEMS INC	$2,855,000	–	4,875	–	1.32%	–
XOM	New	EXXON MOBIL CORP	$2,839,000	–	45,000	–	1.31%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,806,000	–	42,000	–	1.29%	–
ZTS	New	ZOETIS INCcl a	$2,795,000	–	15,000	–	1.29%	–
CAT	New	CATERPILLAR INC	$2,720,000	–	12,500	–	1.25%	–
CSGP	New	COSTAR GROUP INC	$2,650,000	–	32,000	–	1.22%	–
AJG	New	ARTHUR J GALLAGHER & CO	$2,311,000	–	16,500	–	1.07%	–
ABBV	New	ABBVIE INC	$2,253,000	–	20,000	–	1.04%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$2,162,000	–	10,000	–	1.00%	–
TXN	New	TEXAS INSTRUMENTS INC	$1,923,000	–	10,000	–	0.89%	–
CPRT	New	COPART INC	$1,806,000	–	13,700	–	0.83%	–
ABT	New	ABBOTT LABORATORIES	$1,739,000	–	15,000	–	0.80%	–
BAC	New	BANK OF AMERICA CORP	$1,649,000	–	40,000	–	0.76%	–
CL	New	COLGATE-PALMOLIVE CO	$1,627,000	–	20,000	–	0.75%	–
V	New	VISA INC	$1,625,000	–	6,950	–	0.75%	–
AMT	New	AMERICAN TOWER CORP	$1,621,000	–	6,000	–	0.75%	–
DIS	New	DISNEY WALT CO	$1,582,000	–	9,000	–	0.73%	–
ALGN	New	ALIGN TECHNOLOGY INC	$1,528,000	–	2,500	–	0.70%	–
AMZN	New	AMAZON.COM INC	$1,514,000	–	440	–	0.70%	–
GOOG	New	ALPHABET INC-CL Ccap stk cl c	$1,504,000	–	600	–	0.69%	–
ADI	New	ANALOG DEVICES INC	$1,463,000	–	8,500	–	0.68%	–
WSO	New	WATSCO INC	$1,433,000	–	5,000	–	0.66%	–
AMAT	New	APPLIED MATERIALS INC	$1,424,000	–	10,000	–	0.66%	–
KO	New	COCA-COLA CO	$1,353,000	–	25,000	–	0.62%	–
GIS	New	GENERAL MILLS INC	$1,340,000	–	22,000	–	0.62%	–
WST	New	WEST PHARMACEUTICAL SERVICES	$1,329,000	–	3,700	–	0.61%	–
K	New	KELLOGG CO	$1,287,000	–	20,000	–	0.59%	–
FISV	New	FISERV INC	$1,283,000	–	12,000	–	0.59%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,261,000	–	22,500	–	0.58%	–
BDX	New	BECTON DICKINSON AND CO	$1,216,000	–	5,000	–	0.56%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$1,184,000	–	10,500	–	0.55%	–
APD	New	AIR PRODS & CHEMS INC	$1,151,000	–	4,000	–	0.53%	–
ATVI	New	ACTIVISION BLIZZARD INC	$1,145,000	–	12,000	–	0.53%	–
PGR	New	PROGRESSIVE CORP	$1,139,000	–	11,600	–	0.52%	–
POOL	New	POOL CORP	$1,112,000	–	2,425	–	0.51%	–
TYL	New	TYLER TECHNOLOGIES INC	$1,086,000	–	2,400	–	0.50%	–
KMX	New	CARMAX INC	$1,085,000	–	8,400	–	0.50%	–
ADP	New	AUTOMATIC DATA PROCESSING	$993,000	–	5,000	–	0.46%	–
WFC	New	WELLS FARGO & CO	$906,000	–	20,000	–	0.42%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$890,000	–	7,500	–	0.41%	–
LYV	New	LIVE NATION ENTERTAINMENT INC	$877,000	–	10,010	–	0.40%	–
ULTA	New	ULTA BEAUTY INC	$864,000	–	2,500	–	0.40%	–
MRCY	New	MERCURY SYSTEMS INC	$856,000	–	12,920	–	0.40%	–
CI	New	CIGNA CORP	$837,000	–	3,529	–	0.39%	–
CVX	New	CHEVRON CORP	$838,000	–	8,000	–	0.39%	–
FAST	New	FASTENAL CO	$832,000	–	16,000	–	0.38%	–
DXCM	New	DEXCOM INC	$822,000	–	1,925	–	0.38%	–
JBHT	New	HUNT JB TRANS SVCS INC	$815,000	–	5,000	–	0.38%	–
DOCU	New	DOCUSIGN INC	$700,000	–	2,505	–	0.32%	–
WM	New	WASTE MANAGEMENT INC	$701,000	–	5,000	–	0.32%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$682,000	–	8,000	–	0.31%	–
BLL	New	BALL CORP	$628,000	–	7,750	–	0.29%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$566,000	–	1,000	–	0.26%	–
OSH	New	OAK STREET HEALTH INC	$551,000	–	9,400	–	0.25%	–
ACN	New	ACCENTURE PLC-CL A	$531,000	–	1,800	–	0.24%	–
FTV	New	FORTIVE CORP	$520,000	–	7,460	–	0.24%	–
COUP	New	COUPA SOFTWARE INC	$515,000	–	1,965	–	0.24%	–
PXD	New	PIONEER NATURAL RESOURCES CO	$455,000	–	2,800	–	0.21%	–
T	New	AT&T INC	$432,000	–	15,000	–	0.20%	–
APH	New	AMPHENOL CORP-CL Acl a	$410,000	–	6,000	–	0.19%	–
INTU	New	INTUIT INC	$392,000	–	800	–	0.18%	–
OGN	New	ORGANON & CO	$188,000	–	6,229	–	0.09%	–

Q4 2020

			Value		Shares		↓ Weighting
PXD	Exit	PIONEER NATURAL RESOURCES CO	$0	–	-2,800	–	-0.13%	–
CARR	Exit	CARRIER GLOBAL CORPORATION	$0	–	-8,000	–	-0.13%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-4,000	–	-0.14%	–
INTU	Exit	INTUIT INC	$0	–	-800	–	-0.14%	–
LNC	Exit	LINCOLN NATIONAL CORP	$0	–	-10,000	–	-0.17%	–
APH	Exit	AMPHENOL CORP-CL Acl a	$0	–	-3,000	–	-0.18%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-21,500	–	-0.18%	–
ACN	Exit	ACCENTURE PLC-CL A	$0	–	-1,800	–	-0.22%	–
T	Exit	AT&T INC	$0	–	-15,000	–	-0.23%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-8,000	–	-0.25%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-1,000	–	-0.25%	–
FTV	Exit	FORTIVE CORP	$0	–	-6,370	–	-0.26%	–
COO	Exit	COOPER COS INC/THE	$0	–	-1,600	–	-0.30%	–
DOCU	Exit	DOCUSIGN INC	$0	–	-2,505	–	-0.30%	–
COUP	Exit	COUPA SOFTWARE INC	$0	–	-1,965	–	-0.30%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-15,000	–	-0.30%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-2,500	–	-0.31%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-5,000	–	-0.31%	–
CVX	Exit	CHEVRON CORP	$0	–	-8,000	–	-0.32%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-10,000	–	-0.33%	–
CI	Exit	CIGNA CORP	$0	–	-3,529	–	-0.33%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES CORP	$0	–	-5,000	–	-0.33%	–
JBHT	Exit	HUNT JB TRANS SVCS INC	$0	–	-5,000	–	-0.35%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-5,000	–	-0.38%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-30,000	–	-0.39%	–
FAST	Exit	FASTENAL CO	$0	–	-16,000	–	-0.39%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-7,500	–	-0.41%	–
POOL	Exit	POOL CORP	$0	–	-2,425	–	-0.44%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-2,500	–	-0.45%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-2,400	–	-0.46%	–
GOOG	Exit	ALPHABET INC-CL Ccap stk cl c	$0	–	-600	–	-0.48%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-40,000	–	-0.53%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-12,000	–	-0.53%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-8,500	–	-0.54%	–
MRCY	Exit	MERCURY SYSTEMS INC	$0	–	-12,920	–	-0.55%	–
WST	Exit	WEST PHARMACEUTICAL SERVICES	$0	–	-3,700	–	-0.56%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC	$0	–	-10,500	–	-0.60%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-11,600	–	-0.60%	–
DIS	Exit	DISNEY WALT CO	$0	–	-9,000	–	-0.61%	–
BDX	Exit	BECTON DICKINSON AND CO	$0	–	-5,000	–	-0.64%	–
WSO	Exit	WATSCO INC	$0	–	-5,000	–	-0.64%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-4,000	–	-0.65%	–
KO	Exit	COCA-COLA CO	$0	–	-25,000	–	-0.68%	–
FISV	Exit	FISERV INC	$0	–	-12,000	–	-0.68%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-15,000	–	-0.70%	–
K	Exit	KELLOGG CO	$0	–	-20,000	–	-0.71%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-22,500	–	-0.73%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-22,000	–	-0.74%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-440	–	-0.76%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-7,500	–	-0.76%	–
V	Exit	VISA INC	$0	–	-6,950	–	-0.76%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-10,000	–	-0.78%	–
CPRT	Exit	COPART INC	$0	–	-13,700	–	-0.79%	–
AMT	Exit	AMERICAN TOWER CORP	$0	–	-6,000	–	-0.79%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-20,000	–	-0.84%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-45,000	–	-0.84%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-15,000	–	-0.89%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-10,000	–	-0.93%	–
AJG	Exit	ARTHUR J GALLAGHER & CO	$0	–	-16,500	–	-0.95%	–
ABBV	Exit	ABBVIE INC	$0	–	-20,000	–	-0.96%	–
CAT	Exit	CATERPILLAR INC	$0	–	-12,500	–	-1.02%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-15,500	–	-1.08%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-15,000	–	-1.36%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-42,000	–	-1.38%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-16,000	–	-1.44%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-3,200	–	-1.48%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-68,951	–	-1.49%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-80,000	–	-1.50%	–
VEEV	Exit	VEEVA SYSTEMS INC - CLASS A	$0	–	-9,900	–	-1.52%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-42,500	–	-1.52%	–
TDG	Exit	TRANSDIGM GROUP INC	$0	–	-6,000	–	-1.56%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-15,000	–	-1.59%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-6,000	–	-1.61%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-40,000	–	-1.76%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-8,500	–	-1.78%	–
IEX	Exit	IDEXX LABORATORIES INC	$0	–	-9,000	–	-1.94%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-11,500	–	-1.96%	–
MA	Exit	MASTERCARD INC.cl a	$0	–	-10,600	–	-1.96%	–
BA	Exit	BOEING CO	$0	–	-22,500	–	-2.03%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-20,000	–	-2.30%	–
INTC	Exit	INTEL CORP	$0	–	-85,000	–	-2.41%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-24,000	–	-2.81%	–
MRK	Exit	MERCK AND CO INC	$0	–	-62,295	–	-2.83%	–
GL	Exit	GLOBE LIFE INC	$0	–	-67,500	–	-2.95%	–
PFE	Exit	PFIZER INC	$0	–	-157,488	–	-3.16%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-67,000	–	-3.53%	–
WMT	Exit	WALMART STORES INC	$0	–	-48,000	–	-3.67%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-52,000	–	-3.95%	–
HD	Exit	HOME DEPOT INC	$0	–	-27,500	–	-4.18%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-102,000	–	-8.31%	–

Q3 2020

			Value		Shares		↓ Weighting
AMZN	Buy	AMAZON.COM INC	$1,385,000	+77.3%	440	+55.5%	0.76%	+67.7%
POOL	Buy	POOL CORP	$811,000	+79.8%	2,425	+46.1%	0.44%	+70.1%
JBHT	Sell	HUNT JB TRANS SVCS INC	$632,000	-47.5%	5,000	-50.0%	0.35%	-50.3%
DOCU	Buy	DOCUSIGN INC	$539,000	+104.9%	2,505	+63.7%	0.30%	+94.1%
COUP	Buy	COUPA SOFTWARE INC	$539,000	+124.6%	1,965	+127.2%	0.30%	+112.2%
FTV	New	FORTIVE CORP	$485,000	–	6,370	–	0.26%	–
ORLY	Sell	O'REILLY AUTOMOTIVE INC	$461,000	-45.3%	1,000	-50.0%	0.25%	-48.4%
ANET	Exit	ARISTA NETWORKS INC	$0	–	-2,625	–	-0.32%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-12,000	–	-0.37%	–

Q2 2020

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$14,344,000	–	102,000	–	8.30%	–
HD	New	HOME DEPOT INC	$6,889,000	–	27,500	–	3.99%	–
JPM	New	JP MORGAN CHASE & CO	$6,302,000	–	67,000	–	3.65%	–
PG	New	PROCTER & GAMBLE CO	$6,218,000	–	52,000	–	3.60%	–
WMT	New	WALMART STORES INC	$5,749,000	–	48,000	–	3.33%	–
PFE	New	PFIZER INC	$5,150,000	–	157,488	–	2.98%	–
INTC	New	INTEL CORP	$5,086,000	–	85,000	–	2.94%	–
GL	New	GLOBE LIFE INC	$5,011,000	–	67,500	–	2.90%	–
MRK	New	MERCK AND CO INC	$4,817,000	–	62,295	–	2.79%	–
NSC	New	NORFOLK SOUTHERN CORP	$4,214,000	–	24,000	–	2.44%	–
BA	New	BOEING CO	$4,124,000	–	22,500	–	2.39%	–
MSFT	New	MICROSOFT CORP	$4,070,000	–	20,000	–	2.36%	–
BAX	New	BAXTER INTERNATIONAL INC	$3,444,000	–	40,000	–	1.99%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,392,000	–	11,500	–	1.96%	–
CSCO	New	CISCO SYSTEMS INC	$3,216,000	–	68,951	–	1.86%	–
MA	New	MASTERCARD INC.cl a	$3,134,000	–	10,600	–	1.81%	–
LMT	New	LOCKHEED MARTIN CORP	$3,102,000	–	8,500	–	1.80%	–
BK	New	BANK OF NEW YORK MELLON CORP	$3,092,000	–	80,000	–	1.79%	–
IEX	New	IDEXX LABORATORIES INC	$2,971,000	–	9,000	–	1.72%	–
TDG	New	TRANSDIGM GROUP INC	$2,652,000	–	6,000	–	1.54%	–
EMR	New	EMERSON ELECTRIC CO	$2,636,000	–	42,500	–	1.53%	–
ITW	New	ILLINOIS TOOL WORKS INC	$2,623,000	–	15,000	–	1.52%	–
ADBE	New	ADOBE SYSTEMS INC	$2,612,000	–	6,000	–	1.51%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,470,000	–	42,000	–	1.43%	–
VEEV	New	VEEVA SYSTEMS INC - CLASS A	$2,321,000	–	9,900	–	1.34%	–
HON	New	HONEYWELL INTERNATIONAL INC	$2,313,000	–	16,000	–	1.34%	–
CSGP	New	COSTAR GROUP INC	$2,274,000	–	3,200	–	1.32%	–
ZTS	New	ZOETIS INCcl a	$2,056,000	–	15,000	–	1.19%	–
XOM	New	EXXON MOBIL CORP	$2,012,000	–	45,000	–	1.16%	–
ABBV	New	ABBVIE INC	$1,964,000	–	20,000	–	1.14%	–
AVY	New	AVERY DENNISON CORP	$1,768,000	–	15,500	–	1.02%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$1,697,000	–	10,000	–	0.98%	–
AJG	New	ARTHUR J GALLAGHER & CO	$1,609,000	–	16,500	–	0.93%	–
CAT	New	CATERPILLAR INC	$1,581,000	–	12,500	–	0.92%	–
AMT	New	AMERICAN TOWER CORP	$1,551,000	–	6,000	–	0.90%	–
CL	New	COLGATE-PALMOLIVE CO	$1,465,000	–	20,000	–	0.85%	–
ABT	New	ABBOTT LABORATORIES	$1,371,000	–	15,000	–	0.79%	–
GIS	New	GENERAL MILLS INC	$1,356,000	–	22,000	–	0.78%	–
V	New	VISA INC	$1,342,000	–	6,950	–	0.78%	–
K	New	KELLOGG CO	$1,321,000	–	20,000	–	0.76%	–
VRSK	New	VERISK ANALYTICS INC	$1,277,000	–	7,500	–	0.74%	–
TXN	New	TEXAS INSTRUMENTS INC	$1,270,000	–	10,000	–	0.74%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,240,000	–	22,500	–	0.72%	–
JBHT	New	HUNT JB TRANS SVCS INC	$1,203,000	–	10,000	–	0.70%	–
BDX	New	BECTON DICKINSON AND CO	$1,196,000	–	5,000	–	0.69%	–
FISV	New	FISERV INC	$1,171,000	–	12,000	–	0.68%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$1,164,000	–	10,500	–	0.67%	–
CPRT	New	COPART INC	$1,141,000	–	13,700	–	0.66%	–
KO	New	COCA-COLA CO	$1,117,000	–	25,000	–	0.65%	–
SBUX	New	STARBUCKS CORP	$1,104,000	–	15,000	–	0.64%	–
ADI	New	ANALOG DEVICES INC	$1,042,000	–	8,500	–	0.60%	–
MRCY	New	MERCURY SYSTEMS INC	$1,016,000	–	12,920	–	0.59%	–
DIS	New	DISNEY WALT CO	$1,004,000	–	9,000	–	0.58%	–
APD	New	AIR PRODS & CHEMS INC	$966,000	–	4,000	–	0.56%	–
BAC	New	BANK OF AMERICA CORP	$950,000	–	40,000	–	0.55%	–
PGR	New	PROGRESSIVE CORP	$929,000	–	11,600	–	0.54%	–
ATVI	New	ACTIVISION BLIZZARD INC	$911,000	–	12,000	–	0.53%	–
WSO	New	WATSCO INC	$889,000	–	5,000	–	0.52%	–
GOOG	New	ALPHABET INC-CL Ccap stk cl c	$848,000	–	600	–	0.49%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$843,000	–	2,000	–	0.49%	–
WST	New	WEST PHARMACEUTICAL SERVICES	$841,000	–	3,700	–	0.49%	–
TYL	New	TYLER TECHNOLOGIES INC	$833,000	–	2,400	–	0.48%	–
AMZN	New	AMAZON.COM INC	$781,000	–	283	–	0.45%	–
WFC	New	WELLS FARGO & CO	$768,000	–	30,000	–	0.44%	–
ADP	New	AUTOMATIC DATA PROCESSING	$744,000	–	5,000	–	0.43%	–
CVX	New	CHEVRON CORP	$714,000	–	8,000	–	0.41%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$687,000	–	7,500	–	0.40%	–
ALGN	New	ALIGN TECHNOLOGY INC	$686,000	–	2,500	–	0.40%	–
FAST	New	FASTENAL CO	$685,000	–	16,000	–	0.40%	–
CI	New	CIGNA CORP	$662,000	–	3,529	–	0.38%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$636,000	–	15,000	–	0.37%	–
RHI	New	ROBERT HALF INTL INC	$634,000	–	12,000	–	0.37%	–
AMAT	New	APPLIED MATERIALS INC	$605,000	–	10,000	–	0.35%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES CORP	$604,000	–	5,000	–	0.35%	–
ANET	New	ARISTA NETWORKS INC	$551,000	–	2,625	–	0.32%	–
WM	New	WASTE MANAGEMENT INC	$530,000	–	5,000	–	0.31%	–
ULTA	New	ULTA BEAUTY INC	$509,000	–	2,500	–	0.30%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$493,000	–	8,000	–	0.28%	–
COO	New	COOPER COS INC/THE	$454,000	–	1,600	–	0.26%	–
T	New	AT&T INC	$453,000	–	15,000	–	0.26%	–
POOL	New	POOL CORP	$451,000	–	1,660	–	0.26%	–
SLB	New	SCHLUMBERGER LTD	$395,000	–	21,500	–	0.23%	–
ACN	New	ACCENTURE PLC-CL A	$386,000	–	1,800	–	0.22%	–
LNC	New	LINCOLN NATIONAL CORP	$368,000	–	10,000	–	0.21%	–
APH	New	AMPHENOL CORP-CL Acl a	$287,000	–	3,000	–	0.17%	–
PXD	New	PIONEER NATURAL RESOURCES CO	$274,000	–	2,800	–	0.16%	–
DOCU	New	DOCUSIGN INC	$263,000	–	1,530	–	0.15%	–
COUP	New	COUPA SOFTWARE INC	$240,000	–	865	–	0.14%	–
INTU	New	INTUIT INC	$237,000	–	800	–	0.14%	–
OTIS	New	OTIS WORLDWIDE CORP	$227,000	–	4,000	–	0.13%	–
CARR	New	CARRIER GLOBAL CORPORATION	$178,000	–	8,000	–	0.10%	–

Q4 2019

			Value		Shares		↓ Weighting
INTU	Exit	INTUIT INC	$0	–	-800	–	-0.12%	–
APH	Exit	AMPHENOL CORP-CL Acl a	$0	–	-3,000	–	-0.16%	–
ACN	Exit	ACCENTURE PLC-CL A	$0	–	-1,800	–	-0.20%	–
CHKP	Exit	CHECK POINT SOFTWARE TECHord	$0	–	-4,000	–	-0.25%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-2,500	–	-0.26%	–
COO	Exit	COOPER COS INC/THE	$0	–	-1,600	–	-0.27%	–
USFD	Exit	US FOODS HOLDING CORP	$0	–	-12,000	–	-0.28%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-10,000	–	-0.28%	–
DLB	Exit	DOLBY LABORATORIES INC-CL A	$0	–	-8,000	–	-0.29%	–
FAST	Exit	FASTENAL CO	$0	–	-16,000	–	-0.30%	–
WST	Exit	WEST PHARMACEUTICAL SERVICES	$0	–	-3,700	–	-0.30%	–
CI	Exit	CIGNA CORP	$0	–	-3,529	–	-0.30%	–
RTN	Exit	RAYTHEON COMPANY	$0	–	-3,000	–	-0.33%	–
LNC	Exit	LINCOLN NATIONAL CORP	$0	–	-10,000	–	-0.34%	–
CLR	Exit	CONTINENTAL RESOURCES INC	$0	–	-20,000	–	-0.35%	–
BJ	Exit	BJ'S WHOLESALE CLUB HOLDINGS INC	$0	–	-24,000	–	-0.35%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-2,500	–	-0.36%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-2,400	–	-0.36%	–
ALDR	Exit	ALDER BIOPHARMACEUTICALS INC	$0	–	-33,575	–	-0.36%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-12,000	–	-0.36%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-12,000	–	-0.38%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-7,500	–	-0.39%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-400	–	-0.39%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES CORP	$0	–	-5,000	–	-0.41%	–
GOOG	Exit	ALPHABET INC-CL Ccap stk cl c	$0	–	-600	–	-0.41%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-2,000	–	-0.45%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-5,000	–	-0.46%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-15,000	–	-0.47%	–
WSO	Exit	WATSCO INC	$0	–	-5,000	–	-0.48%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-25,000	–	-0.48%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-4,000	–	-0.50%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-11,600	–	-0.51%	–
CVX	Exit	CHEVRON CORP	$0	–	-8,000	–	-0.54%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-8,500	–	-0.54%	–
DIS	Exit	DISNEY WALT CO	$0	–	-8,000	–	-0.59%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-8,000	–	-0.62%	–
CPRT	Exit	COPART INC	$0	–	-13,700	–	-0.62%	–
JBHT	Exit	HUNT JB TRANS SVCS INC	$0	–	-10,000	–	-0.63%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC	$0	–	-10,500	–	-0.63%	–
K	Exit	KELLOGG CO	$0	–	-17,500	–	-0.64%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-40,000	–	-0.66%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-7,500	–	-0.67%	–
V	Exit	VISA INC	$0	–	-6,950	–	-0.68%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-22,000	–	-0.69%	–
FISV	Exit	FISERV INC	$0	–	-12,000	–	-0.70%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-15,000	–	-0.71%	–
BDX	Exit	BECTON DICKINSON AND CO	$0	–	-5,000	–	-0.72%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-10,000	–	-0.73%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-15,000	–	-0.75%	–
AMT	Exit	AMERICAN TOWER CORP	$0	–	-6,000	–	-0.75%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-22,500	–	-0.77%	–
KO	Exit	COCA-COLA CO	$0	–	-25,000	–	-0.77%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-20,000	–	-0.83%	–
AJG	Exit	ARTHUR J GALLAGHER & CO	$0	–	-16,500	–	-0.84%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-30,000	–	-0.86%	–
VEEV	Exit	VEEVA SYSTEMS INC - CLASS A	$0	–	-9,900	–	-0.86%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-20,000	–	-0.86%	–
CAT	Exit	CATERPILLAR INC	$0	–	-12,500	–	-0.89%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-6,000	–	-0.94%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-15,500	–	-1.00%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-15,000	–	-1.06%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-3,200	–	-1.07%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-10,000	–	-1.18%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-42,000	–	-1.20%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-15,000	–	-1.33%	–
IDXX	Exit	IDEXX LABORATORIES INC	$0	–	-9,000	–	-1.38%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-11,500	–	-1.41%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-16,000	–	-1.53%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-20,000	–	-1.57%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-42,500	–	-1.61%	–
MA	Exit	MASTERCARD INC.cl a	$0	–	-10,600	–	-1.63%	–
TDG	Exit	TRANSDIGM GROUP INC	$0	–	-6,000	–	-1.77%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-45,000	–	-1.80%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-8,500	–	-1.88%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-68,951	–	-1.93%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-40,000	–	-1.98%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-80,000	–	-2.05%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-24,000	–	-2.44%	–
INTC	Exit	INTEL CORP	$0	–	-85,000	–	-2.48%	–
MRK	Exit	MERCK AND CO INC	$0	–	-62,295	–	-2.97%	–
PFE	Exit	PFIZER INC	$0	–	-157,488	–	-3.20%	–
WMT	Exit	WALMART STORES INC	$0	–	-48,000	–	-3.22%	–
HD	Exit	HOME DEPOT INC	$0	–	-27,500	–	-3.61%	–
GL	Exit	GLOBE LIFE INC	$0	–	-67,500	–	-3.66%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-52,000	–	-3.66%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-67,000	–	-4.46%	–
BA	Exit	BOEING CO	$0	–	-22,500	–	-4.84%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-102,000	–	-7.47%	–

Q3 2019

			Value		Shares		↓ Weighting
GL	New	GLOBE LIFE INC	$6,464,000	–	67,500	–	3.66%	–
MA	Sell	MASTERCARD INC.cl a	$2,879,000	+0.8%	10,600	-1.9%	1.63%	-0.3%
IDXX	New	IDEXX LABORATORIES INC	$2,447,000	–	9,000	–	1.38%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$2,086,000	–	10,000	–	1.18%	–
VEEV	Sell	VEEVA SYSTEMS INC - CLASS A	$1,512,000	-6.7%	9,900	-1.0%	0.86%	-7.7%
SLB	Buy	SCHLUMBERGER LTD	$854,000	+34.3%	25,000	+56.2%	0.48%	+32.7%
BJ	New	BJ'S WHOLESALE CLUB HOLDINGS INC	$621,000	–	24,000	–	0.35%	–
USFD	Buy	US FOODS HOLDING CORP	$493,000	+129.3%	12,000	+100.0%	0.28%	+126.8%
COO	Buy	COOPER COS INC/THE	$475,000	+75.9%	1,600	+100.0%	0.27%	+74.7%
EOG	Exit	EOG RESOURCES INC	$0	–	-3,000	–	-0.16%	–
	Exit	LIGAND PHARMACEUTICALS	$0	–	-2,500	–	-0.16%	–
SU	Exit	SUNCOR ENERGY INC	$0	–	-14,000	–	-0.25%	–
WDAY	Exit	WORKDAY INC - CLASS Acl a	$0	–	-3,500	–	-0.41%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-10,000	–	-1.08%	–
IEX	Exit	IDEXX LABORATORIES INC	$0	–	-9,000	–	-1.42%	–
TMK	Exit	TORCHMARK CORP	$0	–	-67,500	–	-3.46%	–

Q2 2019

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$14,207,000	–	102,000	–	8.13%	–
BA	New	BOEING CO	$8,190,000	–	22,500	–	4.68%	–
JPM	New	JP MORGAN CHASE & CO	$7,491,000	–	67,000	–	4.28%	–
PFE	New	PFIZER INC	$6,822,000	–	157,488	–	3.90%	–
TMK	New	TORCHMARK CORP	$6,039,000	–	67,500	–	3.46%	–
HD	New	HOME DEPOT INC	$5,719,000	–	27,500	–	3.27%	–
PG	New	PROCTER & GAMBLE CO	$5,702,000	–	52,000	–	3.26%	–
WMT	New	WALMART STORES INC	$5,304,000	–	48,000	–	3.03%	–
MRK	New	MERCK AND CO INC	$5,223,000	–	62,295	–	2.99%	–
NSC	New	NORFOLK SOUTHERN CORP	$4,784,000	–	24,000	–	2.74%	–
INTC	New	INTEL CORP	$4,069,000	–	85,000	–	2.33%	–
CSCO	New	CISCO SYSTEMS INC	$3,774,000	–	68,951	–	2.16%	–
BK	New	BANK OF NEW YORK MELLON CORP	$3,532,000	–	80,000	–	2.02%	–
XOM	New	EXXON MOBIL CORP	$3,448,000	–	45,000	–	1.97%	–
BAX	New	BAXTER INTERNATIONAL INC	$3,276,000	–	40,000	–	1.87%	–
LMT	New	LOCKHEED MARTIN CORP	$3,090,000	–	8,500	–	1.77%	–
TDG	New	TRANSDIGM GROUP INC	$2,903,000	–	6,000	–	1.66%	–
MA	New	MASTERCARD INC.cl a	$2,857,000	–	10,800	–	1.63%	–
EMR	New	EMERSON ELECTRIC CO	$2,836,000	–	42,500	–	1.62%	–
UNH	New	UNITEDHEALTH GROUP INC	$2,806,000	–	11,500	–	1.60%	–
HON	New	HONEYWELL INTERNATIONAL INC	$2,793,000	–	16,000	–	1.60%	–
MSFT	New	MICROSOFT CORP	$2,679,000	–	20,000	–	1.53%	–
IEX	New	IDEXX LABORATORIES INC	$2,478,000	–	9,000	–	1.42%	–
ITW	New	ILLINOIS TOOL WORKS INC	$2,262,000	–	15,000	–	1.29%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,905,000	–	42,000	–	1.09%	–
HRS	New	HARRIS CORP DEL	$1,891,000	–	10,000	–	1.08%	–
AVY	New	AVERY DENNISON CORP	$1,793,000	–	15,500	–	1.03%	–
CSGP	New	COSTAR GROUP INC	$1,773,000	–	3,200	–	1.01%	–
ADBE	New	ADOBE SYSTEMS INC	$1,768,000	–	6,000	–	1.01%	–
CAT	New	CATERPILLAR INC	$1,704,000	–	12,500	–	0.98%	–
ZTS	New	ZOETIS INCcl a	$1,702,000	–	15,000	–	0.97%	–
VEEV	New	VEEVA SYSTEMS INC - CLASS A	$1,621,000	–	10,000	–	0.93%	–
ABBV	New	ABBVIE INC COM	$1,454,000	–	20,000	–	0.83%	–
AJG	New	ARTHUR J GALLAGHER & CO	$1,445,000	–	16,500	–	0.83%	–
CL	New	COLGATE-PALMOLIVE CO	$1,433,000	–	20,000	–	0.82%	–
WFC	New	WELLS FARGO & CO	$1,420,000	–	30,000	–	0.81%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,285,000	–	22,500	–	0.74%	–
KO	New	COCA-COLA CO	$1,273,000	–	25,000	–	0.73%	–
ABT	New	ABBOTT LABORATORIES	$1,262,000	–	15,000	–	0.72%	–
BDX	New	BECTON DICKINSON AND CO	$1,260,000	–	5,000	–	0.72%	–
SBUX	New	STARBUCKS CORP	$1,257,000	–	15,000	–	0.72%	–
AMT	New	AMERICAN TOWER CORP	$1,227,000	–	6,000	–	0.70%	–
V	New	VISA INC	$1,206,000	–	6,950	–	0.69%	–
BAC	New	BANK OF AMERICA CORP	$1,160,000	–	40,000	–	0.66%	–
GIS	New	GENERAL MILLS INC	$1,155,000	–	22,000	–	0.66%	–
TXN	New	TEXAS INSTRUMENTS INC	$1,148,000	–	10,000	–	0.66%	–
DIS	New	DISNEY WALT CO	$1,117,000	–	8,000	–	0.64%	–
VRSK	New	VERISK ANALYTICS INC	$1,098,000	–	7,500	–	0.63%	–
FISV	New	FISERV INC	$1,094,000	–	12,000	–	0.63%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$1,064,000	–	10,500	–	0.61%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,042,000	–	8,000	–	0.60%	–
CPRT	New	COPART INC	$1,024,000	–	13,700	–	0.59%	–
CVX	New	CHEVRON CORP	$996,000	–	8,000	–	0.57%	–
ADI	New	ANALOG DEVICES INC	$959,000	–	8,500	–	0.55%	–
K	New	KELLOGG CO	$937,000	–	17,500	–	0.54%	–
PGR	New	PROGRESSIVE CORP	$927,000	–	11,600	–	0.53%	–
JBHT	New	HUNT JB TRANS SVCS INC	$914,000	–	10,000	–	0.52%	–
APD	New	AIR PRODS & CHEMS INC	$905,000	–	4,000	–	0.52%	–
ULTA	New	ULTA BEAUTY INC	$867,000	–	2,500	–	0.50%	–
CLR	New	CONTINENTAL RESOURCES INC	$842,000	–	20,000	–	0.48%	–
ADP	New	AUTOMATIC DATA PROCESSING	$827,000	–	5,000	–	0.47%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$820,000	–	15,000	–	0.47%	–
WSO	New	WATSCO INC	$818,000	–	5,000	–	0.47%	–
AMZN	New	AMAZON.COM INC	$757,000	–	400	–	0.43%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$739,000	–	2,000	–	0.42%	–
WDAY	New	WORKDAY INC - CLASS Acl a	$720,000	–	3,500	–	0.41%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES CORP	$690,000	–	5,000	–	0.40%	–
ALGN	New	ALIGN TECHNOLOGY INC	$684,000	–	2,500	–	0.39%	–
RHI	New	ROBERT HALF INTL INC	$684,000	–	12,000	–	0.39%	–
GOOG	New	ALPHABET INC-CL Ccap stk cl c	$649,000	–	600	–	0.37%	–
LNC	New	LINCOLN NATIONAL CORP	$645,000	–	10,000	–	0.37%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$645,000	–	7,500	–	0.37%	–
SLB	New	SCHLUMBERGER LTD	$636,000	–	16,000	–	0.36%	–
ATVI	New	ACTIVISION BLIZZARD INC	$566,000	–	12,000	–	0.32%	–
CI	New	CIGNA CORP	$556,000	–	3,529	–	0.32%	–
RTN	New	RAYTHEON COMPANY	$522,000	–	3,000	–	0.30%	–
FAST	New	FASTENAL CO	$521,000	–	16,000	–	0.30%	–
TYL	New	TYLER TECHNOLOGIES INC	$518,000	–	2,400	–	0.30%	–
DLB	New	DOLBY LABORATORIES INC-CL A	$517,000	–	8,000	–	0.30%	–
WST	New	WEST PHARMACEUTICAL SERVICES	$463,000	–	3,700	–	0.26%	–
CHKP	New	CHECK POINT SOFTWARE TECHord	$462,000	–	4,000	–	0.26%	–
AMAT	New	APPLIED MATERIALS INC	$449,000	–	10,000	–	0.26%	–
SU	New	SUNCOR ENERGY INC	$436,000	–	14,000	–	0.25%	–
ALDR	New	ALDER BIOPHARMACEUTICALS INC	$395,000	–	33,575	–	0.23%	–
ACN	New	ACCENTURE PLC-CL A	$333,000	–	1,800	–	0.19%	–
APH	New	AMPHENOL CORP-CL Acl a	$288,000	–	3,000	–	0.16%	–
	New	LIGAND PHARMACEUTICALS	$285,000	–	2,500	–	0.16%	–
EOG	New	EOG RESOURCES INC	$279,000	–	3,000	–	0.16%	–
COO	New	COOPER COS INC/THE	$270,000	–	800	–	0.15%	–
USFD	New	US FOODS HOLDING CORP	$215,000	–	6,000	–	0.12%	–
INTU	New	INTUIT INC	$209,000	–	800	–	0.12%	–

Q4 2018

			Value		Shares		↓ Weighting
AXDX	Exit	ACCELERATE DIAGNOSTICS INC	$0	–	-9,000	–	-0.12%	–
DOCU	Exit	DOCUSIGN INC	$0	–	-4,700	–	-0.14%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-10,000	–	-0.23%	–
RTN	Exit	RAYTHEON COMPANY	$0	–	-1,900	–	-0.23%	–
WST	Exit	WEST PHARMACEUTICAL SERVICES	$0	–	-3,700	–	-0.27%	–
WDAY	Exit	WORKDAY INC - CLASS Acl a	$0	–	-3,500	–	-0.30%	–
SU	Exit	SUNCOR ENERGY INC	$0	–	-14,000	–	-0.32%	–
ALDR	Exit	ALDER BIOPHARMACEUTICALS INC	$0	–	-33,575	–	-0.33%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-7,500	–	-0.33%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-2,500	–	-0.36%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-4,000	–	-0.39%	–
LNC	Exit	LINCOLN NATIONAL CORP	$0	–	-10,000	–	-0.40%	–
	Exit	LIGAND PHARMACEUTICALS	$0	–	-2,500	–	-0.40%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-2,500	–	-0.42%	–
AMG	Exit	AFFILIATED MANAGERS GROUP	$0	–	-5,300	–	-0.43%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-5,000	–	-0.44%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES CORP	$0	–	-5,000	–	-0.44%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-10,000	–	-0.45%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-8,500	–	-0.46%	–
USFD	Exit	US FOODS HOLDING CORP	$0	–	-26,000	–	-0.47%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-11,600	–	-0.48%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-12,000	–	-0.50%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-15,000	–	-0.50%	–
AMT	Exit	AMERICAN TOWER CORP	$0	–	-6,000	–	-0.51%	–
WSO	Exit	WATSCO INC	$0	–	-5,000	–	-0.52%	–
WAB	Exit	WABTEC CORP	$0	–	-8,600	–	-0.53%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-7,500	–	-0.53%	–
DIS	Exit	DISNEY WALT CO	$0	–	-8,000	–	-0.55%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-22,000	–	-0.56%	–
ULTI	Exit	ULTIMATE SOFTWARE GROUP INC	$0	–	-3,000	–	-0.57%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-16,000	–	-0.57%	–
CVX	Exit	CHEVRON CORP	$0	–	-8,000	–	-0.58%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-2,500	–	-0.58%	–
FAST	Exit	FASTENAL CO	$0	–	-17,000	–	-0.58%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC	$0	–	-10,500	–	-0.62%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-10,000	–	-0.63%	–
VEEV	Exit	VEEVA SYSTEMS INC - CLASS A	$0	–	-10,000	–	-0.64%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-15,000	–	-0.64%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-15,000	–	-0.65%	–
AJG	Exit	ARTHUR J GALLAGHER & CO	$0	–	-15,000	–	-0.66%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-8,000	–	-0.66%	–
KO	Exit	COCA-COLA CO	$0	–	-25,000	–	-0.68%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-40,000	–	-0.69%	–
JBHT	Exit	HUNT JB TRANS SVCS INC	$0	–	-10,000	–	-0.70%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-22,500	–	-0.71%	–
K	Exit	KELLOGG CO	$0	–	-17,500	–	-0.72%	–
BDX	Exit	BECTON DICKINSON AND CO	$0	–	-5,000	–	-0.77%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-20,000	–	-0.79%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-3,200	–	-0.79%	–
CLR	Exit	CONTINENTAL RESOURCES INC	$0	–	-20,000	–	-0.80%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-15,000	–	-0.81%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO	$0	–	-14,500	–	-0.81%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-4,000	–	-0.82%	–
RHT	Exit	RED HAT INC	$0	–	-11,000	–	-0.88%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-30,000	–	-0.93%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-6,000	–	-0.95%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-15,500	–	-0.99%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-10,000	–	-1.00%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-20,000	–	-1.11%	–
CAT	Exit	CATERPILLAR INC	$0	–	-12,500	–	-1.12%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-15,000	–	-1.25%	–
TDG	Exit	TRANSDIGM GROUP INC	$0	–	-6,000	–	-1.32%	–
IEX	Exit	IDEXX LABORATORIES INC	$0	–	-9,000	–	-1.32%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-20,000	–	-1.35%	–
MA	Exit	MASTERCARD INC.cl a	$0	–	-10,800	–	-1.42%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-42,000	–	-1.53%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-16,000	–	-1.57%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-8,500	–	-1.73%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-11,500	–	-1.80%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-40,000	–	-1.82%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-42,500	–	-1.92%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-68,951	–	-1.97%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-45,000	–	-2.25%	–
INTC	Exit	INTEL CORP	$0	–	-85,000	–	-2.37%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-80,000	–	-2.40%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-52,000	–	-2.55%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-24,000	–	-2.55%	–
MRK	Exit	MERCK AND CO INC	$0	–	-62,295	–	-2.60%	–
WMT	Exit	WALMART STORES INC	$0	–	-48,000	–	-2.65%	–
HD	Exit	HOME DEPOT INC	$0	–	-27,500	–	-3.35%	–
TMK	Exit	TORCHMARK CORP	$0	–	-67,500	–	-3.44%	–
PFE	Exit	PFIZER INC	$0	–	-157,488	–	-4.08%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-67,000	–	-4.45%	–
BA	Exit	BOEING CO	$0	–	-22,500	–	-4.92%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-102,000	–	-8.30%	–

Q3 2018

			Value		Shares		↓ Weighting
USFD	Buy	US FOODS HOLDING CORP	$801,000	+62.8%	26,000	+100.0%	0.47%	+49.1%
DOCU	New	DOCUSIGN INC	$247,000	–	4,700	–	0.14%	–
SBNY	Exit	SIGNATURE BANK	$0	–	-4,300	–	-0.35%	–

Q2 2018

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$12,377,000	–	102,000	–	7.96%	–
BA	New	BOEING CO	$7,549,000	–	22,500	–	4.85%	–
JPM	New	JP MORGAN CHASE & CO	$6,981,000	–	67,000	–	4.49%	–
PFE	New	PFIZER INC	$5,714,000	–	157,488	–	3.67%	–
TMK	New	TORCHMARK CORP	$5,495,000	–	67,500	–	3.53%	–
HD	New	HOME DEPOT INC	$5,365,000	–	27,500	–	3.45%	–
BK	New	BANK OF NEW YORK MELLON CORP	$4,314,000	–	80,000	–	2.77%	–
INTC	New	INTEL CORP	$4,225,000	–	85,000	–	2.72%	–
WMT	New	WALMART STORES INC	$4,111,000	–	48,000	–	2.64%	–
PG	New	PROCTER & GAMBLE CO	$4,059,000	–	52,000	–	2.61%	–
MRK	New	MERCK AND CO INC	$3,781,000	–	62,295	–	2.43%	–
XOM	New	EXXON MOBIL CORP	$3,723,000	–	45,000	–	2.39%	–
NSC	New	NORFOLK SOUTHERN CORP	$3,621,000	–	24,000	–	2.33%	–
CSCO	New	CISCO SYSTEMS INC	$2,967,000	–	68,951	–	1.91%	–
BAX	New	BAXTER INTERNATIONAL INC	$2,954,000	–	40,000	–	1.90%	–
EMR	New	EMERSON ELECTRIC CO	$2,938,000	–	42,500	–	1.89%	–
UNH	New	UNITEDHEALTH GROUP INC	$2,821,000	–	11,500	–	1.81%	–
LMT	New	LOCKHEED MARTIN CORP	$2,511,000	–	8,500	–	1.61%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,324,000	–	42,000	–	1.49%	–
HON	New	HONEYWELL INTERNATIONAL INC	$2,305,000	–	16,000	–	1.48%	–
MA	New	MASTERCARD INC.cl a	$2,122,000	–	10,800	–	1.36%	–
ITW	New	ILLINOIS TOOL WORKS INC	$2,078,000	–	15,000	–	1.34%	–
TDG	New	TRANSDIGM GROUP INC	$2,071,000	–	6,000	–	1.33%	–
MSFT	New	MICROSOFT CORP	$1,972,000	–	20,000	–	1.27%	–
IEX	New	IDEXX LABORATORIES INC	$1,961,000	–	9,000	–	1.26%	–
ABBV	New	ABBVIE INC COM	$1,853,000	–	20,000	–	1.19%	–
CAT	New	CATERPILLAR INC	$1,696,000	–	12,500	–	1.09%	–
WFC	New	WELLS FARGO & CO	$1,663,000	–	30,000	–	1.07%	–
AVY	New	AVERY DENNISON CORP	$1,583,000	–	15,500	–	1.02%	–
RHT	New	RED HAT INC	$1,478,000	–	11,000	–	0.95%	–
ADBE	New	ADOBE SYSTEMS INC	$1,463,000	–	6,000	–	0.94%	–
HRS	New	HARRIS CORP DEL	$1,445,000	–	10,000	–	0.93%	–
CSGP	New	COSTAR GROUP INC	$1,320,000	–	3,200	–	0.85%	–
CL	New	COLGATE-PALMOLIVE CO	$1,296,000	–	20,000	–	0.83%	–
CLR	New	CONTINENTAL RESOURCES INC	$1,295,000	–	20,000	–	0.83%	–
ZTS	New	ZOETIS INCcl a	$1,278,000	–	15,000	–	0.82%	–
K	New	KELLOGG CO	$1,223,000	–	17,500	–	0.79%	–
JBHT	New	HUNT JB TRANS SVCS INC	$1,216,000	–	10,000	–	0.78%	–
BDX	New	BECTON DICKINSON AND CO	$1,198,000	–	5,000	–	0.77%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,132,000	–	22,500	–	0.73%	–
BAC	New	BANK OF AMERICA CORP	$1,128,000	–	40,000	–	0.72%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$1,120,000	–	14,500	–	0.72%	–
TXN	New	TEXAS INSTRUMENTS INC	$1,103,000	–	10,000	–	0.71%	–
KO	New	COCA-COLA CO	$1,097,000	–	25,000	–	0.70%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$1,094,000	–	4,000	–	0.70%	–
SLB	New	SCHLUMBERGER LTD	$1,072,000	–	16,000	–	0.69%	–
CVX	New	CHEVRON CORP	$1,011,000	–	8,000	–	0.65%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,000,000	–	8,000	–	0.64%	–
AJG	New	ARTHUR J GALLAGHER & CO	$979,000	–	15,000	–	0.63%	–
GIS	New	GENERAL MILLS INC	$974,000	–	22,000	–	0.63%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$932,000	–	10,500	–	0.60%	–
ABT	New	ABBOTT LABORATORIES	$915,000	–	15,000	–	0.59%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$900,000	–	15,000	–	0.58%	–
WSO	New	WATSCO INC	$891,000	–	5,000	–	0.57%	–
AMT	New	AMERICAN TOWER CORP	$865,000	–	6,000	–	0.56%	–
ALGN	New	ALIGN TECHNOLOGY INC	$855,000	–	2,500	–	0.55%	–
WAB	New	WABTEC CORP	$848,000	–	8,600	–	0.54%	–
DIS	New	DISNEY WALT CO	$838,000	–	8,000	–	0.54%	–
FAST	New	FASTENAL CO	$818,000	–	17,000	–	0.53%	–
ADI	New	ANALOG DEVICES INC	$815,000	–	8,500	–	0.52%	–
VRSK	New	VERISK ANALYTICS INC	$807,000	–	7,500	–	0.52%	–
AMG	New	AFFILIATED MANAGERS GROUP	$788,000	–	5,300	–	0.51%	–
RHI	New	ROBERT HALF INTL INC	$781,000	–	12,000	–	0.50%	–
ULTI	New	ULTIMATE SOFTWARE GROUP INC	$772,000	–	3,000	–	0.50%	–
VEEV	New	VEEVA SYSTEMS INC - CLASS A	$769,000	–	10,000	–	0.49%	–
SBUX	New	STARBUCKS CORP	$733,000	–	15,000	–	0.47%	–
GILD	New	GILEAD SCIENCES INC	$708,000	–	10,000	–	0.46%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES CORP	$699,000	–	5,000	–	0.45%	–
PGR	New	PROGRESSIVE CORP	$686,000	–	11,600	–	0.44%	–
ADP	New	AUTOMATIC DATA PROCESSING	$671,000	–	5,000	–	0.43%	–
APD	New	AIR PRODS & CHEMS INC	$623,000	–	4,000	–	0.40%	–
LNC	New	LINCOLN NATIONAL CORP	$623,000	–	10,000	–	0.40%	–
ULTA	New	ULTA BEAUTY INC	$584,000	–	2,500	–	0.38%	–
SU	New	SUNCOR ENERGY INC	$570,000	–	14,000	–	0.37%	–
TYL	New	TYLER TECHNOLOGIES INC	$555,000	–	2,500	–	0.36%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$552,000	–	7,500	–	0.36%	–
SBNY	New	SIGNATURE BANK	$550,000	–	4,300	–	0.35%	–
ALDR	New	ALDER BIOPHARMACEUTICALS INC	$530,000	–	33,575	–	0.34%	–
	New	LIGAND PHARMACEUTICALS	$518,000	–	2,500	–	0.33%	–
USFD	New	US FOODS HOLDING CORP	$492,000	–	13,000	–	0.32%	–
AMAT	New	APPLIED MATERIALS INC	$462,000	–	10,000	–	0.30%	–
WDAY	New	WORKDAY INC - CLASS Acl a	$424,000	–	3,500	–	0.27%	–
RTN	New	RAYTHEON COMPANY	$367,000	–	1,900	–	0.24%	–
WST	New	WEST PHARMACEUTICAL SERVICES	$367,000	–	3,700	–	0.24%	–
AXDX	New	ACCELERATE DIAGNOSTICS INC	$201,000	–	9,000	–	0.13%	–

Q4 2017

			Value		Shares		↓ Weighting
AXDX	Exit	ACCELERATE DIAGNOSTICS INC	$0	–	-9,000	–	-0.14%	–
	Exit	LIGAND PHARMACEUTICALS	$0	–	-2,500	–	-0.24%	–
WDAY	Exit	WORKDAY INC - CLASS Acl a	$0	–	-3,500	–	-0.26%	–
ALDR	Exit	ALDER BIOPHARMACEUTICALS INC	$0	–	-33,575	–	-0.28%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-2,500	–	-0.32%	–
SU	Exit	SUNCOR ENERGY INC	$0	–	-14,000	–	-0.34%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-7,500	–	-0.36%	–
COO	Exit	COOPER COS INC/THE	$0	–	-2,200	–	-0.36%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-5,000	–	-0.38%	–
SBNY	Exit	SIGNATURE BANK	$0	–	-4,300	–	-0.38%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-11,600	–	-0.39%	–
VEEV	Exit	VEEVA SYSTEMS INC - CLASS A	$0	–	-10,000	–	-0.39%	–
ULTA	Exit	ULTA SALON COSMETICS & FRAGR	$0	–	-2,500	–	-0.39%	–
ULTI	Exit	ULTIMATE SOFTWARE GROUP INC	$0	–	-3,000	–	-0.39%	–
T	Exit	AT&T INC	$0	–	-15,000	–	-0.41%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-12,000	–	-0.42%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-4,000	–	-0.42%	–
VRSK	Exit	VERISK ANALYTICS INC - CLASS A	$0	–	-7,500	–	-0.43%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-8,000	–	-0.45%	–
WAB	Exit	WABTEC CORP	$0	–	-8,600	–	-0.45%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES CORP	$0	–	-5,000	–	-0.50%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-8,500	–	-0.51%	–
LNC	Exit	LINCOLN NATIONAL CORP	$0	–	-10,000	–	-0.51%	–
CLR	Exit	CONTINENTAL RESOURCES INC	$0	–	-20,000	–	-0.53%	–
FAST	Exit	FASTENAL CO	$0	–	-17,000	–	-0.54%	–
DIS	Exit	DISNEY WALT CO	$0	–	-8,000	–	-0.54%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-15,000	–	-0.55%	–
WSO	Exit	WATSCO INC	$0	–	-5,000	–	-0.56%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-15,000	–	-0.56%	–
THS	Exit	TREEHOUSE FOODS INC	$0	–	-12,000	–	-0.56%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC	$0	–	-10,500	–	-0.56%	–
AMT	Exit	AMERICAN TOWER CORP	$0	–	-6,000	–	-0.57%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-3,200	–	-0.59%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-4,000	–	-0.60%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-6,000	–	-0.62%	–
SHPG	Exit	SHIRE PLCspons adr	$0	–	-5,928	–	-0.63%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO	$0	–	-14,500	–	-0.63%	–
AJG	Exit	ARTHUR J GALLAGHER & CO	$0	–	-15,000	–	-0.64%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-8,000	–	-0.64%	–
CVX	Exit	CHEVRON CORP	$0	–	-8,000	–	-0.65%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-15,000	–	-0.66%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-40,000	–	-0.67%	–
BDX	Exit	BECTON INTERNATIONAL INC	$0	–	-5,000	–	-0.68%	–
AMG	Exit	AFFILIATED MANAGERS GROUP	$0	–	-5,300	–	-0.70%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-40,000	–	-0.70%	–
K	Exit	KELLOGG CO	$0	–	-17,500	–	-0.75%	–
JBHT	Exit	HUNT JB TRANS SVCS INC	$0	–	-10,000	–	-0.77%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-22,500	–	-0.77%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-16,000	–	-0.77%	–
KO	Exit	COCA-COLA CO	$0	–	-25,000	–	-0.78%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-22,000	–	-0.79%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-15,000	–	-0.80%	–
RHT	Exit	RED HAT INC	$0	–	-11,000	–	-0.84%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-10,000	–	-0.91%	–
IEX	Exit	IDEXX LABORATORIES INC	$0	–	-9,000	–	-0.97%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-20,000	–	-1.01%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-20,000	–	-1.03%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-15,500	–	-1.05%	–
MA	Exit	MASTERCARD INC.cl a	$0	–	-10,800	–	-1.05%	–
TDG	Exit	TRANSDIGM GROUP INC	$0	–	-6,000	–	-1.06%	–
CAT	Exit	CATERPILLAR INC	$0	–	-12,500	–	-1.08%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-30,000	–	-1.14%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-22,000	–	-1.18%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-9,000	–	-1.22%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-20,000	–	-1.23%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-15,000	–	-1.53%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-16,000	–	-1.57%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-68,951	–	-1.60%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-40,000	–	-1.73%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-8,500	–	-1.82%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-42,500	–	-1.84%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-42,000	–	-1.85%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-24,000	–	-2.19%	–
INTC	Exit	INTEL CORP	$0	–	-85,000	–	-2.24%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-45,000	–	-2.55%	–
WMT	Exit	WALMART STORES INC	$0	–	-48,000	–	-2.59%	–
MRK	Exit	MERCK AND CO INC	$0	–	-62,295	–	-2.76%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-80,000	–	-2.93%	–
HD	Exit	HOME DEPOT INC	$0	–	-27,500	–	-3.11%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-52,000	–	-3.27%	–
TMK	Exit	TORCHMARK CORP	$0	–	-67,500	–	-3.74%	–
PFE	Exit	PFIZER INC	$0	–	-157,488	–	-3.88%	–
BA	Exit	BOEING CO	$0	–	-22,500	–	-3.95%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-67,000	–	-4.42%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-102,000	–	-9.16%	–

Q3 2017

			Value		Shares		↓ Weighting
TDG	Sell	TRANSDIGM GROUP INC	$1,534,000	-36.6%	6,000	-33.3%	1.06%	-39.2%
ORLY	Sell	O'REILLY AUTOMOTIVE INC	$861,000	-34.4%	4,000	-33.3%	0.60%	-37.0%
SBUX	Buy	STARBUCKS CORP	$806,000	+15.1%	15,000	+25.0%	0.56%	+10.5%
WAB	New	WABTEC CORP	$651,000	–	8,600	–	0.45%	–
ULTI	Buy	ULTIMATE SOFTWARE GROUP INC	$569,000	+35.5%	3,000	+50.0%	0.39%	+30.1%
ULTA	Sell	ULTA SALON COSMETICS & FRAGR	$565,000	-60.7%	2,500	-50.0%	0.39%	-62.3%
PGR	New	PROGRESSIVE CORP	$562,000	–	11,600	–	0.39%	–
COO	New	COOPER COS INC/THE	$522,000	–	2,200	–	0.36%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-10,000	–	-0.39%	–

Q2 2017

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$13,494,000	–	102,000	–	9.72%	–
JPM	New	JP MORGAN CHASE & CO	$6,124,000	–	67,000	–	4.41%	–
PFE	New	PFIZER INC	$5,290,000	–	157,488	–	3.81%	–
TMK	New	TORCHMARK CORP	$5,164,000	–	67,500	–	3.72%	–
PG	New	PROCTER & GAMBLE CO	$4,532,000	–	52,000	–	3.26%	–
BA	New	BOEING CO	$4,449,000	–	22,500	–	3.20%	–
HD	New	HOME DEPOT INC	$4,219,000	–	27,500	–	3.04%	–
BK	New	BANK OF NEW YORK MELLON CORP	$4,082,000	–	80,000	–	2.94%	–
MRK	New	MERCK AND CO INC	$3,992,000	–	62,295	–	2.87%	–
XOM	New	EXXON MOBIL CORP	$3,633,000	–	45,000	–	2.62%	–
WMT	New	WALMART STORES INC	$3,633,000	–	48,000	–	2.62%	–
NSC	New	NORFOLK SOUTHERN CORP	$2,921,000	–	24,000	–	2.10%	–
INTC	New	INTEL CORP	$2,868,000	–	85,000	–	2.06%	–
EMR	New	EMERSON ELECTRIC CO	$2,534,000	–	42,500	–	1.82%	–
BAX	New	BAXTER INTERNATIONAL INC	$2,422,000	–	40,000	–	1.74%	–
TDG	New	TRANSDIGM GROUP INC	$2,420,000	–	9,000	–	1.74%	–
LMT	New	LOCKHEED MARTIN CORP	$2,360,000	–	8,500	–	1.70%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,340,000	–	42,000	–	1.68%	–
CSCO	New	CISCO SYSTEMS INC	$2,158,000	–	68,951	–	1.55%	–
ITW	New	ILLINOIS TOOL WORKS INC	$2,149,000	–	15,000	–	1.55%	–
HON	New	HONEYWELL INTERNATIONAL INC	$2,133,000	–	16,000	–	1.54%	–
MDT	New	MEDTRONIC PLC	$1,953,000	–	22,000	–	1.41%	–
UNH	New	UNITEDHEALTH GROUP INC	$1,669,000	–	9,000	–	1.20%	–
WFC	New	WELLS FARGO & CO	$1,662,000	–	30,000	–	1.20%	–
CL	New	COLGATE-PALMOLIVE CO	$1,483,000	–	20,000	–	1.07%	–
IEX	New	IDEXX LABORATORIES INC	$1,453,000	–	9,000	–	1.05%	–
ABBV	New	ABBVIE INC COM	$1,450,000	–	20,000	–	1.04%	–
ULTA	New	ULTA SALON COSMETICS & FRAGR	$1,437,000	–	5,000	–	1.04%	–
MSFT	New	MICROSOFT CORP	$1,379,000	–	20,000	–	0.99%	–
AVY	New	AVERY DENNISON CORP	$1,370,000	–	15,500	–	0.99%	–
CAT	New	CATERPILLAR INC	$1,343,000	–	12,500	–	0.97%	–
MA	New	MASTERCARD INC.cl a	$1,312,000	–	10,800	–	0.94%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$1,312,000	–	6,000	–	0.94%	–
GIS	New	GENERAL MILLS INC	$1,219,000	–	22,000	–	0.88%	–
K	New	KELLOGG CO	$1,216,000	–	17,500	–	0.88%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$1,175,000	–	15,000	–	0.85%	–
KO	New	COCA-COLA CO	$1,121,000	–	25,000	–	0.81%	–
HRS	New	HARRIS CORP DEL	$1,091,000	–	10,000	–	0.78%	–
GE	New	GENERAL ELECTRIC CO	$1,080,000	–	40,000	–	0.78%	–
SLB	New	SCHLUMBERGER LTD	$1,053,000	–	16,000	–	0.76%	–
RHT	New	RED HAT INC	$1,053,000	–	11,000	–	0.76%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,005,000	–	22,500	–	0.72%	–
THS	New	TREEHOUSE FOODS INC	$980,000	–	12,000	–	0.71%	–
SHPG	New	SHIRE PLCspons adr	$980,000	–	5,928	–	0.71%	–
BDX	New	BECTON INTERNATIONAL INC	$976,000	–	5,000	–	0.70%	–
UTX	New	UNITED TECHNOLOGIES CORP	$977,000	–	8,000	–	0.70%	–
BAC	New	BANK OF AMERICA CORP	$970,000	–	40,000	–	0.70%	–
ZTS	New	ZOETIS INCcl a	$936,000	–	15,000	–	0.67%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$926,000	–	14,500	–	0.67%	–
JBHT	New	HUNT JB TRANS SVCS INC	$914,000	–	10,000	–	0.66%	–
AMG	New	AFFILIATED MANAGERS GROUP	$879,000	–	5,300	–	0.63%	–
AJG	New	ARTHUR J GALLAGHER & CO	$859,000	–	15,000	–	0.62%	–
DIS	New	DISNEY WALT CO	$850,000	–	8,000	–	0.61%	–
ADBE	New	ADOBE SYSTEMS INC	$849,000	–	6,000	–	0.61%	–
CSGP	New	COSTAR GROUP INC	$844,000	–	3,200	–	0.61%	–
CVX	New	CHEVRON CORP	$835,000	–	8,000	–	0.60%	–
AMT	New	AMERICAN TOWER CORP	$794,000	–	6,000	–	0.57%	–
WSO	New	WATSCO INC	$771,000	–	5,000	–	0.56%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES CORP	$769,000	–	5,000	–	0.55%	–
FAST	New	FASTENAL CO	$740,000	–	17,000	–	0.53%	–
ABT	New	ABBOTT LABORATORIES	$729,000	–	15,000	–	0.52%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$721,000	–	10,500	–	0.52%	–
SBUX	New	STARBUCKS CORP	$700,000	–	12,000	–	0.50%	–
LNC	New	LINCOLN NATIONAL CORP	$676,000	–	10,000	–	0.49%	–
ADI	New	ANALOG DEVICES INC	$661,000	–	8,500	–	0.48%	–
CLR	New	CONTINENTAL RESOURCES INC	$647,000	–	20,000	–	0.47%	–
VRSK	New	VERISK ANALYTICS INC - CLASS A	$633,000	–	7,500	–	0.46%	–
SBNY	New	SIGNATURE BANK	$617,000	–	4,300	–	0.44%	–
VEEV	New	VEEVA SYSTEMS INC - CLASS A	$613,000	–	10,000	–	0.44%	–
RHI	New	ROBERT HALF INTL INC	$575,000	–	12,000	–	0.41%	–
APD	New	AIR PRODS & CHEMS INC	$572,000	–	4,000	–	0.41%	–
GILD	New	GILEAD SCIENCES INC	$566,000	–	8,000	–	0.41%	–
T	New	AT&T INC	$566,000	–	15,000	–	0.41%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$542,000	–	10,000	–	0.39%	–
ADP	New	AUTOMATIC DATA PROCESSING	$512,000	–	5,000	–	0.37%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$494,000	–	7,500	–	0.36%	–
ULTI	New	ULTIMATE SOFTWARE GROUP INC	$420,000	–	2,000	–	0.30%	–
SU	New	SUNCOR ENERGY INC	$409,000	–	14,000	–	0.29%	–
ALDR	New	ALDER BIOPHARMACEUTICALS INC	$384,000	–	33,575	–	0.28%	–
ALGN	New	ALIGN TECHNOLOGY INC	$375,000	–	2,500	–	0.27%	–
WDAY	New	WORKDAY INC - CLASS Acl a	$340,000	–	3,500	–	0.24%	–
	New	LIGAND PHARMACEUTICALS	$304,000	–	2,500	–	0.22%	–
AXDX	New	ACCELERATE DIAGNOSTICS INC	$246,000	–	9,000	–	0.18%	–

Q4 2016

			Value		Shares		↓ Weighting
T	Exit	AT&T INC	$0	–	-5,000	–	-0.16%	–
MD	Exit	MEDNAX INC	$0	–	-4,000	–	-0.21%	–
SU	Exit	SUNCOR ENERGY INC	$0	–	-14,000	–	-0.31%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-5,000	–	-0.32%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-5,000	–	-0.35%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-12,000	–	-0.36%	–
LNC	Exit	LINCOLN NATIONAL CORP	$0	–	-10,000	–	-0.38%	–
VRSK	Exit	VERISK ANALYTICS INC - CLASS A	$0	–	-6,000	–	-0.39%	–
SYNT	Exit	SYNTEL INC	$0	–	-12,000	–	-0.40%	–
SBNY	Exit	SIGNATURE BANK	$0	–	-4,300	–	-0.41%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-12,500	–	-0.42%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-4,000	–	-0.48%	–
LULU	Exit	LULULEMON ATHLETICA INC	$0	–	-10,100	–	-0.49%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-40,000	–	-0.50%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC	$0	–	-10,500	–	-0.50%	–
AGN	Exit	ALLERGAN PLC	$0	–	-2,800	–	-0.52%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-6,000	–	-0.52%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-10,000	–	-0.54%	–
AMT	Exit	AMERICAN TOWER CORP	$0	–	-6,000	–	-0.54%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-3,200	–	-0.55%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-5,000	–	-0.56%	–
WSO	Exit	WATSCO INC	$0	–	-5,000	–	-0.56%	–
FAST	Exit	FASTENAL CO	$0	–	-17,000	–	-0.57%	–
DIS	Exit	DISNEY WALT CO	$0	–	-8,000	–	-0.59%	–
AJG	Exit	ARTHUR J GALLAGHER & CO	$0	–	-15,000	–	-0.61%	–
AMG	Exit	AFFILIATED MANAGERS GROUP	$0	–	-5,300	–	-0.61%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-15,000	–	-0.62%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES CORP	$0	–	-5,000	–	-0.63%	–
JBHT	Exit	HUNT JB TRANS SVCS INC	$0	–	-10,000	–	-0.65%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-8,000	–	-0.65%	–
CVX	Exit	CHEVRON CORP	$0	–	-8,000	–	-0.66%	–
RHT	Exit	RED HAT INC	$0	–	-11,000	–	-0.71%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-10,000	–	-0.73%	–
IEX	Exit	IDEXX LABORATORIES INC	$0	–	-9,000	–	-0.81%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO	$0	–	-14,500	–	-0.82%	–
CLR	Exit	CONTINENTAL RESOURCES INC	$0	–	-20,000	–	-0.83%	–
THS	Exit	TREEHOUSE FOODS INC	$0	–	-12,000	–	-0.84%	–
KO	Exit	COCA-COLA CO	$0	–	-25,000	–	-0.84%	–
MA	Exit	MASTERCARD INC.cl a	$0	–	-10,800	–	-0.88%	–
ALDR	Exit	ALDER BIOPHARMACEUTICALS INC	$0	–	-33,575	–	-0.88%	–
CAT	Exit	CATERPILLAR INC	$0	–	-12,500	–	-0.89%	–
SHPG	Exit	SHIRE PLCspons adr	$0	–	-5,928	–	-0.92%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-20,000	–	-0.92%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-22,500	–	-0.93%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-40,000	–	-0.95%	–
ULTA	Exit	ULTA SALON COSMETICS & FRAGR	$0	–	-5,000	–	-0.95%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-15,500	–	-0.96%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-15,000	–	-0.96%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-16,000	–	-1.00%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-20,000	–	-1.01%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-30,000	–	-1.06%	–
K	Exit	KELLOGG CO	$0	–	-17,500	–	-1.08%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-22,000	–	-1.12%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-20,000	–	-1.18%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-6,000	–	-1.34%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-15,000	–	-1.44%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-16,000	–	-1.49%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-22,000	–	-1.52%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-40,000	–	-1.52%	–
LLTC	Exit	LINEAR TECHNOLOGY CORP	$0	–	-34,000	–	-1.61%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-8,500	–	-1.63%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-68,951	–	-1.74%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-42,000	–	-1.81%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-42,500	–	-1.85%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-24,000	–	-1.86%	–
TDG	Exit	TRANSDIGM GROUP INC	$0	–	-9,000	–	-2.08%	–
BA	Exit	BOEING CO	$0	–	-22,500	–	-2.36%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-80,000	–	-2.54%	–
INTC	Exit	INTEL CORP	$0	–	-85,000	–	-2.56%	–
WMT	Exit	WALMART STORES INC	$0	–	-48,000	–	-2.76%	–
HD	Exit	HOME DEPOT INC	$0	–	-27,500	–	-2.82%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-43,828	–	-3.05%	–
MRK	Exit	MERCK AND CO INC	$0	–	-62,295	–	-3.10%	–
TMK	Exit	TORCHMARK CORP	$0	–	-67,500	–	-3.44%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-67,000	–	-3.56%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-52,000	–	-3.72%	–
PFE	Exit	PFIZER INC	$0	–	-157,488	–	-4.26%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-102,000	–	-9.62%	–

Q3 2016

			Value		Shares		↓ Weighting
AGN	Buy	ALLERGAN PLC	$645,000	+55.0%	2,800	+55.6%	0.52%	+53.7%
PRGO	Exit	PERRIGO CO PLC	$0	–	-3,000	–	-0.22%	–
SBH	Exit	SALLY BEAUTY HOLDINGS INC	$0	–	-21,100	–	-0.50%	–

Q2 2016

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$12,373,000	–	102,000	–	9.96%	–
PFE	New	PFIZER INC	$5,545,000	–	157,488	–	4.46%	–
PG	New	PROCTER & GAMBLE CO	$4,403,000	–	52,000	–	3.54%	–
TMK	New	TORCHMARK CORP	$4,173,000	–	67,500	–	3.36%	–
JPM	New	JP MORGAN CHASE & CO	$4,163,000	–	67,000	–	3.35%	–
XOM	New	EXXON MOBIL CORP	$4,108,000	–	43,828	–	3.31%	–
MRK	New	MERCK AND CO INC	$3,589,000	–	62,295	–	2.89%	–
HD	New	HOME DEPOT INC	$3,511,000	–	27,500	–	2.83%	–
WMT	New	WALMART STORES INC	$3,505,000	–	48,000	–	2.82%	–
BK	New	BANK OF NEW YORK MELLON CORP	$3,108,000	–	80,000	–	2.50%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$3,089,000	–	42,000	–	2.49%	–
BA	New	BOEING CO	$2,922,000	–	22,500	–	2.35%	–
INTC	New	INTEL CORP	$2,788,000	–	85,000	–	2.24%	–
TDG	New	TRANSDIGM GROUP INC	$2,373,000	–	9,000	–	1.91%	–
EMR	New	EMERSON ELECTRIC CO	$2,217,000	–	42,500	–	1.78%	–
LMT	New	LOCKHEED MARTIN CORP	$2,109,000	–	8,500	–	1.70%	–
NSC	New	NORFOLK SOUTHERN CORP	$2,043,000	–	24,000	–	1.64%	–
CSCO	New	CISCO SYSTEMS INC	$1,978,000	–	68,951	–	1.59%	–
MDT	New	MEDTRONIC PLC	$1,909,000	–	22,000	–	1.54%	–
HON	New	HONEYWELL INTERNATIONAL INC	$1,861,000	–	16,000	–	1.50%	–
BAX	New	BAXTER INTERNATIONAL INC	$1,809,000	–	40,000	–	1.46%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$1,627,000	–	6,000	–	1.31%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$1,582,000	–	34,000	–	1.27%	–
GIS	New	GENERAL MILLS INC	$1,569,000	–	22,000	–	1.26%	–
ITW	New	ILLINOIS TOOL WORKS INC	$1,562,000	–	15,000	–	1.26%	–
CL	New	COLGATE PALMOLIVE CO	$1,464,000	–	20,000	–	1.18%	–
K	New	KELLOGG CO	$1,429,000	–	17,500	–	1.15%	–
WFC	New	WELLS FARGO & CO	$1,420,000	–	30,000	–	1.14%	–
SLB	New	SCHLUMBERGER LTD	$1,265,000	–	16,000	–	1.02%	–
GE	New	GENERAL ELECTRIC CO	$1,259,000	–	40,000	–	1.01%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,256,000	–	22,500	–	1.01%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$1,249,000	–	15,000	–	1.00%	–
ABBV	New	ABBVIE INC COM	$1,238,000	–	20,000	–	1.00%	–
THS	New	TREEHOUSE FOODS INC	$1,232,000	–	12,000	–	0.99%	–
ULTA	New	ULTA SALON COSMETICS & FRAGR	$1,218,000	–	5,000	–	0.98%	–
AVY	New	AVERY DENNISON CORP	$1,159,000	–	15,500	–	0.93%	–
KO	New	COCA-COLA CO	$1,133,000	–	25,000	–	0.91%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$1,099,000	–	14,500	–	0.88%	–
SHPG	New	SHIRE PLCspons adr	$1,091,000	–	5,928	–	0.88%	–
MSFT	New	MICROSOFT CORP	$1,023,000	–	20,000	–	0.82%	–
MA	New	MASTERCARD INC.cl a	$951,000	–	10,800	–	0.76%	–
CAT	New	CATERPILLAR INC	$948,000	–	12,500	–	0.76%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$912,000	–	10,000	–	0.73%	–
CLR	New	CONTINENTAL RESOURCES INC	$905,000	–	20,000	–	0.73%	–
CVX	New	CHEVRON CORP	$839,000	–	8,000	–	0.68%	–
ALDR	New	ALDER BIOPHARMACEUTICALS INC	$838,000	–	33,575	–	0.67%	–
IEX	New	IDEXX LABORATORIES INC	$836,000	–	9,000	–	0.67%	–
HRS	New	HARRIS CORP DEL	$834,000	–	10,000	–	0.67%	–
UTX	New	UNITED TECHNOLOGIES CORP	$820,000	–	8,000	–	0.66%	–
JBHT	New	HUNT JB TRANS SVCS INC	$809,000	–	10,000	–	0.65%	–
RHT	New	RED HAT INC	$799,000	–	11,000	–	0.64%	–
DIS	New	DISNEY WALT CO	$783,000	–	8,000	–	0.63%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES CORP	$759,000	–	5,000	–	0.61%	–
FAST	New	FASTENAL CO	$755,000	–	17,000	–	0.61%	–
LULU	New	LULULEMON ATHLETICA INC	$746,000	–	10,100	–	0.60%	–
AMG	New	AFFILIATED MANAGERS GROUP	$746,000	–	5,300	–	0.60%	–
AJG	New	ARTHUR J GALLAGHER & CO	$714,000	–	15,000	–	0.58%	–
ZTS	New	ZOETIS INCcl a	$712,000	–	15,000	–	0.57%	–
UNH	New	UNITEDHEALTH GROUP INC	$706,000	–	5,000	–	0.57%	–
WSO	New	WATSCO INC	$703,000	–	5,000	–	0.57%	–
CSGP	New	COSTAR GROUP INC	$700,000	–	3,200	–	0.56%	–
AMT	New	AMERICAN TOWER CORP	$682,000	–	6,000	–	0.55%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$648,000	–	10,500	–	0.52%	–
SBH	New	SALLY BEAUTY HOLDINGS INC	$621,000	–	21,100	–	0.50%	–
ADBE	New	ADOBE SYSTEMS INC	$575,000	–	6,000	–	0.46%	–
APD	New	AIR PRODS & CHEMS INC	$568,000	–	4,000	–	0.46%	–
SYNT	New	SYNTEL INC	$543,000	–	12,000	–	0.44%	–
SBNY	New	SIGNATURE BANK	$537,000	–	4,300	–	0.43%	–
BAC	New	BANK OF AMERICA CORP	$531,000	–	40,000	–	0.43%	–
ABT	New	ABBOTT LABORATORIES	$491,000	–	12,500	–	0.40%	–
VRSK	New	VERISK ANALYTICS INC - CLASS A	$486,000	–	6,000	–	0.39%	–
RHI	New	ROBERT HALF INTL INC	$458,000	–	12,000	–	0.37%	–
ADP	New	AUTOMATIC DATA PROCESSING	$459,000	–	5,000	–	0.37%	–
GILD	New	GILEAD SCIENCES INC	$417,000	–	5,000	–	0.34%	–
AGN	New	ALLERGAN PLC	$416,000	–	1,800	–	0.34%	–
SU	New	SUNCOR ENERGY INC	$388,000	–	14,000	–	0.31%	–
LNC	New	LINCOLN NATIONAL CORP	$388,000	–	10,000	–	0.31%	–
MD	New	MEDNAX INC	$290,000	–	4,000	–	0.23%	–
PRGO	New	PERRIGO CO PLC	$272,000	–	3,000	–	0.22%	–
T	New	AT&T INC	$216,000	–	5,000	–	0.17%	–

Q4 2015

			Value		Shares		↓ Weighting
EMC	Exit	E M C CORP MASS	$0	–	-5,000	–	-0.11%	–
RIG	Exit	TRANSOCEAN INC	$0	–	-20,000	–	-0.23%	–
SU	Exit	SUNCOR ENERGY INC	$0	–	-14,000	–	-0.33%	–
GRFS	Exit	GRIFOLS SAsp adr	$0	–	-14,000	–	-0.38%	–
VRSK	Exit	VERISK ANALYTICS INC - CLASS A	$0	–	-6,000	–	-0.39%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-3,000	–	-0.42%	–
LNC	Exit	LINCOLN NATIONAL CORP	$0	–	-10,000	–	-0.42%	–
DNKN	Exit	DUNKIN' BRANDS GROUP INC	$0	–	-10,000	–	-0.43%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-12,000	–	-0.44%	–
SBH	Exit	SALLY BEAUTY HOLDINGS INC	$0	–	-21,100	–	-0.44%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-12,500	–	-0.45%	–
LULU	Exit	LULULEMON ATHLETICA INC	$0	–	-10,100	–	-0.45%	–
SBAC	Exit	SBA COMMUNICATIONS CORP	$0	–	-5,000	–	-0.46%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-6,000	–	-0.47%	–
QCOM	Exit	QUALCOMM INC	$0	–	-10,000	–	-0.48%	–
SYNT	Exit	SYNTEL INC	$0	–	-12,000	–	-0.48%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC	$0	–	-10,500	–	-0.49%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-3,200	–	-0.49%	–
CLR	Exit	CONTINENTAL RESOURCES INC	$0	–	-20,000	–	-0.51%	–
WSO	Exit	WATSCO INC	$0	–	-5,000	–	-0.52%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-12,000	–	-0.54%	–
PCLN	Exit	PRICELINE GROUP INC	$0	–	-500	–	-0.55%	–
AJG	Exit	ARTHUR J GALLAGHER & CO	$0	–	-15,000	–	-0.55%	–
FAST	Exit	FASTENAL CO	$0	–	-17,000	–	-0.55%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-40,000	–	-0.55%	–
CVX	Exit	CHEVRON CORP	$0	–	-8,000	–	-0.56%	–
IEX	Exit	IDEXX LABORATORIES INC	$0	–	-9,000	–	-0.59%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-12,500	–	-0.60%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-3,000	–	-0.61%	–
SRCL	Exit	STERICYCLE INC	$0	–	-5,000	–	-0.62%	–
JBHT	Exit	HUNT JB TRANS SVCS INC	$0	–	-10,000	–	-0.63%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES CORP	$0	–	-5,000	–	-0.64%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-10,000	–	-0.65%	–
DKS	Exit	DICK'S SPORTING GOODS INC	$0	–	-15,000	–	-0.66%	–
RHT	Exit	RED HAT INC	$0	–	-11,000	–	-0.70%	–
ULTA	Exit	ULTA SALON COSMETICS & FRAGR	$0	–	-5,000	–	-0.72%	–
CAT	Exit	CATERPILLAR INC	$0	–	-12,500	–	-0.72%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-10,000	–	-0.75%	–
AMG	Exit	AFFILIATED MANAGERS GROUP	$0	–	-5,000	–	-0.76%	–
WEX	Exit	WEX INC	$0	–	-10,000	–	-0.77%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-15,500	–	-0.78%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-20,000	–	-0.78%	–
THS	Exit	TREEHOUSE FOODS INC	$0	–	-12,000	–	-0.83%	–
MA	Exit	MASTERCARD INC.cl a	$0	–	-10,800	–	-0.86%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-22,500	–	-0.87%	–
KO	Exit	COCA-COLA CO	$0	–	-25,000	–	-0.89%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-40,000	–	-0.90%	–
ALDR	Exit	ALDER BIOPHARMACEUTICALS INC	$0	–	-33,575	–	-0.97%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-16,000	–	-0.98%	–
SIAL	Exit	SIGMA ALDRICH CORP	$0	–	-8,000	–	-0.98%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-22,000	–	-1.00%	–
K	Exit	KELLOGG CO	$0	–	-17,500	–	-1.03%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-15,000	–	-1.10%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-22,000	–	-1.10%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-15,000	–	-1.11%	–
BXLT	Exit	BAXALTA INC	$0	–	-40,000	–	-1.12%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-20,000	–	-1.12%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-40,000	–	-1.16%	–
LLTC	Exit	LINEAR TECHNOLOGY CORP	$0	–	-34,000	–	-1.22%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO	$0	–	-17,000	–	-1.22%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-22,000	–	-1.31%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-16,000	–	-1.34%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-8,500	–	-1.56%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-68,951	–	-1.60%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-24,000	–	-1.63%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-42,500	–	-1.66%	–
TDG	Exit	TRANSDIGM GROUP INC	$0	–	-9,000	–	-1.70%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-9,000	–	-2.00%	–
ARG	Exit	AIRGAS INC	$0	–	-27,000	–	-2.14%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-42,000	–	-2.20%	–
INTC	Exit	INTEL CORP	$0	–	-85,000	–	-2.27%	–
BA	Exit	BOEING CO	$0	–	-20,000	–	-2.32%	–
MRK	Exit	MERCK AND CO INC	$0	–	-62,295	–	-2.73%	–
WMT	Exit	WALMART STORES INC	$0	–	-48,000	–	-2.76%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-80,000	–	-2.78%	–
HD	Exit	HOME DEPOT INC	$0	–	-27,500	–	-2.82%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-43,828	–	-2.89%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-52,000	–	-3.32%	–
TMK	Exit	TORCHMARK CORP	$0	–	-67,500	–	-3.38%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-67,000	–	-3.62%	–
PFE	Exit	PFIZER INC	$0	–	-157,488	–	-4.39%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-102,000	–	-8.44%	–

Q3 2015

			Value		Shares		↓ Weighting
ORLY	Sell	O'REILLY AUTOMOTIVE INC	$2,250,000	-17.0%	9,000	-25.0%	2.00%	-11.7%
BXLT	New	BAXALTA INC	$1,260,000	–	40,000	–	1.12%	–
ALDR	New	ALDER BIOPHARMACEUTICALS INC	$1,099,000	–	33,575	–	0.97%	–
WSO	Buy	WATSCO INC	$592,000	+19.6%	5,000	+25.0%	0.52%	+27.4%
CSGP	Buy	COSTAR GROUP INC	$554,000	+25.1%	3,200	+45.5%	0.49%	+33.1%
SBAC	New	SBA COMMUNICATIONS CORP	$524,000	–	5,000	–	0.46%	–
ZTS	New	ZOETIS INCcl a	$494,000	–	12,000	–	0.44%	–
PRGO	New	PERRIGO CO PLC	$472,000	–	3,000	–	0.42%	–
RIG	Buy	TRANSOCEAN INC	$258,000	+60.2%	20,000	+100.0%	0.23%	+70.9%
TRS	Exit	TRIMAS CORP	$0	–	-14,183	–	-0.35%	–
G	Exit	GENPACT LTD	$0	–	-26,000	–	-0.46%	–

Q2 2015

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$9,941,000	–	102,000	–	8.28%	–
PFE	New	PFIZER INC	$5,281,000	–	157,488	–	4.40%	–
JPM	New	JP MORGAN CHASE & CO	$4,540,000	–	67,000	–	3.78%	–
PG	New	PROCTER & GAMBLE CO	$4,068,000	–	52,000	–	3.39%	–
TMK	New	TORCHMARK CORP	$3,930,000	–	67,500	–	3.27%	–
XOM	New	EXXON MOBIL CORP	$3,646,000	–	43,828	–	3.04%	–
MRK	New	MERCK AND CO INC	$3,546,000	–	62,295	–	2.95%	–
WMT	New	WALMART STORES INC	$3,405,000	–	48,000	–	2.84%	–
BK	New	BANK OF NEW YORK MELLON CORP	$3,358,000	–	80,000	–	2.80%	–
HD	New	HOME DEPOT INC	$3,056,000	–	27,500	–	2.55%	–
ARG	New	AIRGAS INC	$2,856,000	–	27,000	–	2.38%	–
BAX	New	BAXTER INTERNATIONAL INC	$2,797,000	–	40,000	–	2.33%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$2,795,000	–	42,000	–	2.33%	–
BA	New	BOEING CO	$2,774,000	–	20,000	–	2.31%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$2,712,000	–	12,000	–	2.26%	–
INTC	New	INTEL CORP	$2,585,000	–	85,000	–	2.15%	–
EMR	New	EMERSON ELECTRIC CO	$2,356,000	–	42,500	–	1.96%	–
NSC	New	NORFOLK SOUTHERN CORP	$2,097,000	–	24,000	–	1.75%	–
TDG	New	TRANSDIGM GROUP INC	$2,022,000	–	9,000	–	1.68%	–
CSCO	New	CISCO SYSTEMS INC	$1,893,000	–	68,951	–	1.58%	–
HON	New	HONEYWELL INTERNATIONAL INC	$1,632,000	–	16,000	–	1.36%	–
MDT	New	MEDTRONIC PLC	$1,630,000	–	22,000	–	1.36%	–
LMT	New	LOCKHEED MARTIN CORP	$1,580,000	–	8,500	–	1.32%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$1,512,000	–	17,000	–	1.26%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$1,504,000	–	34,000	–	1.25%	–
SLB	New	SCHLUMBERGER LTD	$1,379,000	–	16,000	–	1.15%	–
ITW	New	ILLINOIS TOOL WORKS INC	$1,377,000	–	15,000	–	1.15%	–
CL	New	COLGATE PALMOLIVE CO	$1,308,000	–	20,000	–	1.09%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$1,267,000	–	15,000	–	1.06%	–
WFC	New	WELLS FARGO & CO	$1,237,000	–	22,000	–	1.03%	–
GIS	New	GENERAL MILLS INC	$1,226,000	–	22,000	–	1.02%	–
WEX	New	WEX INC	$1,140,000	–	10,000	–	0.95%	–
SIAL	New	SIGMA ALDRICH CORP	$1,115,000	–	8,000	–	0.93%	–
K	New	KELLOGG CO	$1,097,000	–	17,500	–	0.91%	–
AMG	New	AFFILIATED MANAGERS GROUP	$1,093,000	–	5,000	–	0.91%	–
GE	New	GENERAL ELECTRIC CO	$1,063,000	–	40,000	–	0.89%	–
CAT	New	CATERPILLAR INC	$1,060,000	–	12,500	–	0.88%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,049,000	–	22,500	–	0.87%	–
MA	New	MASTERCARD INC.cl a	$1,010,000	–	10,800	–	0.84%	–
KO	New	COCA-COLA CO	$981,000	–	25,000	–	0.82%	–
THS	New	TREEHOUSE FOODS INC	$972,000	–	12,000	–	0.81%	–
AVY	New	AVERY DENNISON CORP	$945,000	–	15,500	–	0.79%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$899,000	–	10,000	–	0.75%	–
MSFT	New	MICROSOFT CORP	$883,000	–	20,000	–	0.74%	–
CLR	New	CONTINENTAL RESOURCES INC	$848,000	–	20,000	–	0.71%	–
ABBV	New	ABBVIE INC COM	$840,000	–	12,500	–	0.70%	–
RHT	New	RED HAT INC	$835,000	–	11,000	–	0.70%	–
JBHT	New	HUNT JB TRANS SVCS INC	$821,000	–	10,000	–	0.68%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES CORP	$813,000	–	5,000	–	0.68%	–
DKS	New	DICK'S SPORTING GOODS INC	$777,000	–	15,000	–	0.65%	–
ULTA	New	ULTA SALON COSMETICS & FRAGR	$772,000	–	5,000	–	0.64%	–
CVX	New	CHEVRON CORP	$772,000	–	8,000	–	0.64%	–
HRS	New	HARRIS CORP DEL	$769,000	–	10,000	–	0.64%	–
FAST	New	FASTENAL CO	$717,000	–	17,000	–	0.60%	–
AJG	New	ARTHUR J GALLAGHER & CO	$710,000	–	15,000	–	0.59%	–
BAC	New	BANK OF AMERICA CORP	$681,000	–	40,000	–	0.57%	–
SRCL	New	STERICYCLE INC	$670,000	–	5,000	–	0.56%	–
UTX	New	UNITED TECHNOLOGIES CORP	$666,000	–	6,000	–	0.56%	–
RHI	New	ROBERT HALF INTL INC	$666,000	–	12,000	–	0.56%	–
SBH	New	SALLY BEAUTY HOLDINGS INC	$666,000	–	21,100	–	0.56%	–
LULU	New	LULULEMON ATHLETICA INC	$660,000	–	10,100	–	0.55%	–
QCOM	New	QUALCOMM INC	$626,000	–	10,000	–	0.52%	–
ABT	New	ABBOTT LABORATORIES	$614,000	–	12,500	–	0.51%	–
PCP	New	PRECISION CASTPARTS CORP	$600,000	–	3,000	–	0.50%	–
LNC	New	LINCOLN NATIONAL CORP	$592,000	–	10,000	–	0.49%	–
IEX	New	IDEXX LABORATORIES INC	$577,000	–	9,000	–	0.48%	–
PCLN	New	PRICELINE GROUP INC	$576,000	–	500	–	0.48%	–
SYNT	New	SYNTEL INC	$570,000	–	12,000	–	0.48%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$556,000	–	10,500	–	0.46%	–
G	New	GENPACT LTD	$555,000	–	26,000	–	0.46%	–
DNKN	New	DUNKIN' BRANDS GROUP INC	$550,000	–	10,000	–	0.46%	–
WSO	New	WATSCO INC	$495,000	–	4,000	–	0.41%	–
CSGP	New	COSTAR GROUP INC	$443,000	–	2,200	–	0.37%	–
VRSK	New	VERISK ANALYTICS INC - CLASS A	$437,000	–	6,000	–	0.36%	–
GRFS	New	GRIFOLS SAsp adr	$434,000	–	14,000	–	0.36%	–
TRS	New	TRIMAS CORP	$420,000	–	14,183	–	0.35%	–
SU	New	SUNCOR ENERGY INC	$385,000	–	14,000	–	0.32%	–
RIG	New	TRANSOCEAN INC	$161,000	–	10,000	–	0.13%	–
EMC	New	E M C CORP MASS	$132,000	–	5,000	–	0.11%	–

Q4 2014

			Value		Shares		↓ Weighting
EMC	Exit	E M C CORP MASS	$0	–	-5,000	–	-0.12%	–
RIG	Exit	TRANSOCEAN INC	$0	–	-10,000	–	-0.27%	–
TRS	Exit	TRIMAS CORP.	$0	–	-14,183	–	-0.29%	–
WSO	Exit	WATSCO INC	$0	–	-4,000	–	-0.29%	–
LULU	Exit	LULULEMON ATHLETICA INC	$0	–	-10,100	–	-0.36%	–
G	Exit	GENPACT LIMITED	$0	–	-26,000	–	-0.36%	–
DNKN	Exit	DUNKIN BRAND GROUP, INC.	$0	–	-10,000	–	-0.38%	–
GWRE	Exit	GUIDEWIRE SOFTWARE INC	$0	–	-10,500	–	-0.39%	–
NBL	Exit	NOBLE ENERGY INC.	$0	–	-7,000	–	-0.40%	–
GRFS	Exit	GRIFOLS SA	$0	–	-14,000	–	-0.42%	–
SU	Exit	SUNCOR ENERGY INC.	$0	–	-14,000	–	-0.43%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-12,500	–	-0.44%	–
SYNT	Exit	SYNTEL INC.	$0	–	-6,000	–	-0.45%	–
IEX	Exit	IDEXX LABORATORIES CORP	$0	–	-4,500	–	-0.45%	–
LNC	Exit	LINCOLN NATIONAL CORP	$0	–	-10,000	–	-0.45%	–
SBH	Exit	SALLY BEAUTY HOLDINGS INC.	$0	–	-21,100	–	-0.49%	–
PCLN	Exit	PRICELINE GROUP INC	$0	–	-500	–	-0.49%	–
SRCL	Exit	STERICYCLE INC.	$0	–	-5,000	–	-0.49%	–
RHI	Exit	ROBERT HALF INTERNATIONAL INC.	$0	–	-12,000	–	-0.50%	–
ULTA	Exit	ULTA SALON COSMETICS & FRAGRANCE	$0	–	-5,000	–	-0.50%	–
TSCO	Exit	TRACTOR SUPPLY CO.	$0	–	-10,000	–	-0.52%	–
RHT	Exit	RED HAT INC.	$0	–	-11,000	–	-0.52%	–
	Exit	UNITED TECHNOLOGIES CORP	$0	–	-6,000	–	-0.54%	–
DKS	Exit	DICKS SPORTING GOODS, INC.	$0	–	-15,000	–	-0.56%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-10,000	–	-0.56%	–
AJG	Exit	ARTHUR J. GALLAGHER & CO.	$0	–	-15,000	–	-0.58%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-40,000	–	-0.58%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-15,500	–	-0.58%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-3,000	–	-0.60%	–
SLAB	Exit	SILICON LABORATORIES INC.	$0	–	-17,700	–	-0.61%	–
ABBV	Exit	ABBVIE INC.	$0	–	-12,500	–	-0.61%	–
JBHT	Exit	JB HUNT TRANSPORT SERVICES INC.	$0	–	-10,000	–	-0.63%	–
QCOM	Exit	QUALCOMM INC	$0	–	-10,000	–	-0.63%	–
FAST	Exit	FASTENAL CO.	$0	–	-17,000	–	-0.65%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-10,800	–	-0.68%	–
WAG	Exit	WALGREEN CO	$0	–	-15,000	–	-0.75%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-20,000	–	-0.78%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHING CORP.	$0	–	-5,000	–	-0.80%	–
CVX	Exit	CHEVRON CORP.	$0	–	-8,000	–	-0.81%	–
THS	Exit	TREEHOUSE FOODS INC.	$0	–	-12,000	–	-0.82%	–
AMG	Exit	AFFILIATED MANAGERS GROUP INC.	$0	–	-5,000	–	-0.85%	–
GE	Exit	GENERAL ELECTRIC CO.	$0	–	-40,000	–	-0.87%	–
KO	Exit	COCA-COLA CO.	$0	–	-25,000	–	-0.90%	–
K	Exit	KELLOGG CO.	$0	–	-17,500	–	-0.91%	–
SIAL	Exit	SIGMA ALDRICH CORP	$0	–	-8,000	–	-0.92%	–
WEX	Exit	WEX, INC.	$0	–	-10,000	–	-0.93%	–
GIS	Exit	GENERAL MILLS INC.	$0	–	-22,000	–	-0.94%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-22,500	–	-0.95%	–
WFC	Exit	WELLS FARGO & CO.	$0	–	-22,000	–	-0.96%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO.	$0	–	-17,000	–	-1.02%	–
CAT	Exit	CATERPILLAR, INC.	$0	–	-12,500	–	-1.05%	–
ITW	Exit	ILLINOIS TOOL WORKS INC.	$0	–	-15,000	–	-1.07%	–
CL	Exit	COLGATE PALMOLIVE CO.	$0	–	-20,000	–	-1.10%	–
CLR	Exit	CONTINENTAL RESOURCES, INC.	$0	–	-20,000	–	-1.12%	–
MDT	Exit	MEDTRONIC INC	$0	–	-22,000	–	-1.15%	–
PETM	Exit	PETSMART INC	$0	–	-20,000	–	-1.19%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-16,000	–	-1.26%	–
LLTC	Exit	LINEAR TECHNOLOGY CORP	$0	–	-34,000	–	-1.28%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-8,500	–	-1.32%	–
SLB	Exit	SCHLUMBERGER LTD.	$0	–	-16,000	–	-1.38%	–
TDG	Exit	TRANSDIGM GROUP INC.	$0	–	-9,000	–	-1.40%	–
CSCO	Exit	CISCO SYSTEMS INC.	$0	–	-68,951	–	-1.47%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC.	$0	–	-12,000	–	-1.53%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO.	$0	–	-42,000	–	-1.82%	–
HD	Exit	HOME DEPOT INC.	$0	–	-27,500	–	-2.14%	–
BA	Exit	BOEING CO.	$0	–	-20,000	–	-2.16%	–
EMR	Exit	EMERSON ELECTRIC CO.	$0	–	-42,500	–	-2.25%	–
NSC	Exit	NORFOLK SOUTHER CORP	$0	–	-24,000	–	-2.27%	–
BAX	Exit	BAXTER INTERNATIONAL, INC.	$0	–	-40,000	–	-2.43%	–
INTC	Exit	INTEL CORP	$0	–	-85,000	–	-2.50%	–
ARG	Exit	AIRGAS, INC.	$0	–	-27,000	–	-2.53%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-80,000	–	-2.62%	–
TMK	Exit	TORCHMARK CORP.	$0	–	-67,500	–	-2.99%	–
WMT	Exit	WALMART STORES INC	$0	–	-48,000	–	-3.11%	–
MRK	Exit	MERCK AND CO INC.	$0	–	-62,295	–	-3.12%	–
JPM	Exit	JP MORGAN CHASE & CO.	$0	–	-67,000	–	-3.42%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-43,828	–	-3.49%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-52,000	–	-3.68%	–
PFE	Exit	PFIZER INC	$0	–	-157,488	–	-3.94%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-102,000	–	-9.20%	–

Q3 2014

			Value		Shares		↓ Weighting
TMK	Buy	TORCHMARK CORP.	$3,535,000	-4.1%	67,500	+50.0%	2.99%	-4.7%
CLR	Buy	CONTINENTAL RESOURCES, INC.	$1,330,000	-15.8%	20,000	+100.0%	1.12%	-16.4%
WSO	New	WATSCO INC	$345,000	–	4,000	–	0.29%	–
RIG	Buy	TRANSOCEAN INC	$320,000	+18.5%	10,000	+66.7%	0.27%	+17.8%
EMC	New	E M C CORP MASS	$146,000	–	5,000	–	0.12%	–

Q2 2014

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$10,671,000	–	102,000	–	9.08%	–
PFE	New	PFIZER INC	$4,674,000	–	157,488	–	3.98%	–
XOM	New	EXXON MOBIL CORP	$4,413,000	–	43,828	–	3.76%	–
PG	New	PROCTER & GAMBLE CO	$4,087,000	–	52,000	–	3.48%	–
JPM	New	JP MORGAN CHASE & CO.	$3,861,000	–	67,000	–	3.29%	–
TMK	New	TORCHMARK CORP.	$3,686,000	–	45,000	–	3.14%	–
MRK	New	MERCK AND CO INC.	$3,604,000	–	62,295	–	3.07%	–
WMT	New	WALMART STORES INC	$3,603,000	–	48,000	–	3.07%	–
BK	New	BANK OF NEW YORK MELLON CORP	$2,998,000	–	80,000	–	2.55%	–
ARG	New	AIRGAS, INC.	$2,940,000	–	27,000	–	2.50%	–
BAX	New	BAXTER INTERNATIONAL, INC.	$2,892,000	–	40,000	–	2.46%	–
EMR	New	EMERSON ELECTRIC CO.	$2,820,000	–	42,500	–	2.40%	–
INTC	New	INTEL CORP	$2,627,000	–	85,000	–	2.24%	–
BA	New	BOEING CO.	$2,545,000	–	20,000	–	2.17%	–
NSC	New	NORFOLK SOUTHER CORP	$2,473,000	–	24,000	–	2.10%	–
HD	New	HOME DEPOT INC.	$2,226,000	–	27,500	–	1.89%	–
BMY	New	BRISTOL MYERS SQUIBB CO.	$2,037,000	–	42,000	–	1.73%	–
SLB	New	SCHLUMBERGER LTD.	$1,887,000	–	16,000	–	1.61%	–
ORLY	New	O REILLY AUTOMOTIVE INC.	$1,807,000	–	12,000	–	1.54%	–
CSCO	New	CISCO SYSTEMS INC.	$1,713,000	–	68,951	–	1.46%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$1,600,000	–	34,000	–	1.36%	–
CLR	New	CONTINENTAL RESOURCES, INC.	$1,580,000	–	10,000	–	1.34%	–
TDG	New	TRANSDIGM GROUP INC.	$1,505,000	–	9,000	–	1.28%	–
HON	New	HONEYWELL INTERNATIONAL INC	$1,487,000	–	16,000	–	1.26%	–
MDT	New	MEDTRONIC INC	$1,403,000	–	22,000	–	1.19%	–
LMT	New	LOCKHEED MARTIN CORP	$1,366,000	–	8,500	–	1.16%	–
CL	New	COLGATE PALMOLIVE CO.	$1,364,000	–	20,000	–	1.16%	–
CAT	New	CATERPILLAR, INC.	$1,358,000	–	12,500	–	1.16%	–
ITW	New	ILLINOIS TOOL WORKS INC.	$1,313,000	–	15,000	–	1.12%	–
PETM	New	PETSMART INC	$1,196,000	–	20,000	–	1.02%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO.	$1,179,000	–	17,000	–	1.00%	–
WFC	New	WELLS FARGO & CO.	$1,156,000	–	22,000	–	0.98%	–
GIS	New	GENERAL MILLS INC.	$1,156,000	–	22,000	–	0.98%	–
K	New	KELLOGG CO.	$1,150,000	–	17,500	–	0.98%	–
WAG	New	WALGREEN CO	$1,112,000	–	15,000	–	0.95%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,101,000	–	22,500	–	0.94%	–
KO	New	COCA-COLA CO.	$1,059,000	–	25,000	–	0.90%	–
GE	New	GENERAL ELECTRIC CO.	$1,051,000	–	40,000	–	0.89%	–
WEX	New	WEX, INC.	$1,050,000	–	10,000	–	0.89%	–
CVX	New	CHEVRON CORP.	$1,044,000	–	8,000	–	0.89%	–
AMG	New	AFFILIATED MANAGERS GROUP INC.	$1,027,000	–	5,000	–	0.87%	–
THS	New	TREEHOUSE FOODS INC.	$961,000	–	12,000	–	0.82%	–
IBM	New	INTERNATIONAL BUSINESS MACHING CORP.	$906,000	–	5,000	–	0.77%	–
SLAB	New	SILICON LABORATORIES INC.	$872,000	–	17,700	–	0.74%	–
FAST	New	FASTENAL CO.	$841,000	–	17,000	–	0.72%	–
MSFT	New	MICROSOFT CORP	$834,000	–	20,000	–	0.71%	–
SIAL	New	SIGMA ALDRICH CORP	$812,000	–	8,000	–	0.69%	–
AVY	New	AVERY DENNISON CORP	$794,000	–	15,500	–	0.68%	–
MA	New	MASTERCARD INCORPORATEDcl a	$793,000	–	10,800	–	0.68%	–
QCOM	New	QUALCOMM INC	$792,000	–	10,000	–	0.67%	–
HRS	New	HARRIS CORP DEL	$758,000	–	10,000	–	0.64%	–
PCP	New	PRECISION CASTPARTS CORP	$757,000	–	3,000	–	0.64%	–
JBHT	New	JB HUNT TRANSPORT SERVICES INC.	$738,000	–	10,000	–	0.63%	–
ABBV	New	ABBVIE INC.	$706,000	–	12,500	–	0.60%	–
AJG	New	ARTHUR J. GALLAGHER & CO.	$699,000	–	15,000	–	0.60%	–
DKS	New	DICKS SPORTING GOODS, INC.	$698,000	–	15,000	–	0.59%	–
	New	UNITED TECHNOLOGIES CORP	$693,000	–	6,000	–	0.59%	–
GRFS	New	GRIFOLS SA	$617,000	–	14,000	–	0.52%	–
BAC	New	BANK OF AMERICA CORP	$615,000	–	40,000	–	0.52%	–
RHT	New	RED HAT INC.	$608,000	–	11,000	–	0.52%	–
TSCO	New	TRACTOR SUPPLY CO.	$604,000	–	10,000	–	0.51%	–
PCLN	New	PRICELINE GROUP INC	$602,000	–	500	–	0.51%	–
IEX	New	IDEXX LABORATORIES CORP	$601,000	–	4,500	–	0.51%	–
SU	New	SUNCOR ENERGY INC.	$597,000	–	14,000	–	0.51%	–
SRCL	New	STERICYCLE INC.	$592,000	–	5,000	–	0.50%	–
RHI	New	ROBERT HALF INTERNATIONAL INC.	$573,000	–	12,000	–	0.49%	–
NBL	New	NOBLE ENERGY INC.	$542,000	–	7,000	–	0.46%	–
TRS	New	TRIMAS CORP.	$541,000	–	14,183	–	0.46%	–
SBH	New	SALLY BEAUTY HOLDINGS INC.	$529,000	–	21,100	–	0.45%	–
SYNT	New	SYNTEL INC.	$516,000	–	6,000	–	0.44%	–
LNC	New	LINCOLN NATIONAL CORP	$514,000	–	10,000	–	0.44%	–
ABT	New	ABBOTT LABORATORIES	$511,000	–	12,500	–	0.44%	–
DNKN	New	DUNKIN BRAND GROUP, INC.	$458,000	–	10,000	–	0.39%	–
ULTA	New	ULTA SALON COSMETICS & FRAGRANCE	$457,000	–	5,000	–	0.39%	–
G	New	GENPACT LIMITED	$456,000	–	26,000	–	0.39%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$427,000	–	10,500	–	0.36%	–
LULU	New	LULULEMON ATHLETICA INC	$409,000	–	10,100	–	0.35%	–
RIG	New	TRANSOCEAN INC	$270,000	–	6,000	–	0.23%	–

Compare quarters

Export Barbara Oil Co.'s holdings