Front Street Capital Management, Inc. Activity Q2 2016-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
CGNX	Buy	COGNEX CORP	$40,545	-23.5%	975,396	+3.0%	8.90%	-20.5%
MTW	Buy	MANITOWOC INC COM	$38,088	-18.9%	2,571,840	+3.1%	8.36%	-15.7%
DHR	Sell	DANAHER CORP DEL COM	$34,170	+1.4%	140,413	-0.0%	7.50%	+5.4%
BRKB	Buy	BERKSHIRE HATHAWAY INC CL B	$33,388	+44.6%	97,112	+43.5%	7.33%	+50.3%
JOE	Sell	ST JOE CP COM	$30,343	+5.8%	572,589	-3.5%	6.66%	+10.0%
GE	Buy	GENERAL ELECTRIC CO	$29,269	-1.2%	269,879	+0.1%	6.43%	+2.7%
COST	Sell	COSTCO WHOLESALE CORP-NEW	$24,515	+2.6%	44,343	-0.1%	5.38%	+6.6%
VOO	Buy	VANGUARD S&P 500 ETF	$24,089	+3.4%	61,343	+7.3%	5.29%	+7.5%
MLHR	Sell	MILLER KNOLL INC	$16,550	+52.1%	687,182	-6.6%	3.63%	+58.1%
NUE	Sell	NUCOR CORP	$16,248	-7.1%	105,969	-0.7%	3.57%	-3.5%
TEX	Buy	TEREX CORP NEW	$16,023	-6.7%	288,514	+0.5%	3.52%	-3.0%
	Sell	ESAB CORPORTAION COM	$12,572	+3.1%	183,139	-0.0%	2.76%	+7.2%
	Buy	ENOVIS CORPORATION COM	$10,271	-15.8%	198,884	+4.6%	2.26%	-12.5%
GLW	Sell	CORNING INC	$9,782	-15.7%	331,032	-0.0%	2.15%	-12.4%
LUMN	Buy	LUMEN TECHNOLOGIES INC	$8,668	-16.6%	6,163,996	+34.1%	1.90%	-13.3%
GPN	Sell	GLOBAL PAYMENTS INC	$7,814	+10.8%	69,995	-2.2%	1.72%	+15.2%
	Sell	GE HEALTHCARE TECHNOLOGIES	$5,850	-19.0%	87,690	-1.3%	1.28%	-15.8%
AAPL	Buy	APPLE COMPUTER INC	$5,704	-11.0%	33,313	+0.9%	1.25%	-7.5%
CIEN	Sell	CIENA CORPORATION	$5,458	+7.5%	115,495	-3.3%	1.20%	+11.8%
LITE	Sell	LUMENTUM HLDGS INC	$5,155	-23.4%	117,765	-0.8%	1.13%	-20.4%
TCS	Sell	CONTAINER STORE GROUP INC COM	$5,088	-33.8%	2,286,259	-6.6%	1.12%	-31.3%
NATI	Sell	NATIONAL INSTRUMENTS CORP	$5,010	-47.1%	86,937	-94.7%	1.10%	-45.1%
	Buy	COHERENT	$4,860	-34.6%	151,970	+4.3%	1.07%	-32.0%
ROG	Sell	ROGERS CORP	$4,570	-25.4%	34,762	-8.1%	1.00%	-22.5%
EXPD	Sell	EXPEDITORS INTERNATIONAL OF WA	$4,459	-6.4%	38,900	-1.1%	0.98%	-2.8%
	Sell	CHIPOTLE MEXICAN GRILL	$3,849	-14.5%	2,101	-0.2%	0.84%	-11.1%
MOD	Sell	MODINE MANUFACTURING	$3,628	+38.3%	79,295	-0.2%	0.80%	+43.9%
BAC	Buy	BANK OF AMERICA CORP	$3,628	+186.8%	132,502	+200.6%	0.80%	+198.5%
MSFT	Buy	MICROSOFT CORP	$3,538	+0.7%	11,206	+8.6%	0.78%	+4.6%
KE	Sell	KIMBALL ELECTRONICS	$3,448	-2.1%	127,167	-0.3%	0.76%	+1.7%
PG	New	PROCTER & GAMBLE CO	$1,576	–	10,807	–	0.35%	–
TILE	Sell	INTERFACE INC	$1,558	+0.1%	158,787	-10.3%	0.34%	+4.0%
SBUX	Sell	STARBUCKS CORP	$929	-8.7%	10,178	-0.9%	0.20%	-5.1%
	New	VANGUARD 500 INDEX FUNDtr unit	$930	–	2,351	–	0.20%	–
GBCI	Buy	GLACIER BANCORP INC-NEW	$829	-7.8%	29,099	+0.9%	0.18%	-4.2%
TWLO	Sell	TWILIO INC	$744	-51.0%	12,713	-46.8%	0.16%	-49.2%
VTI	New	VANGUARD TOTAL STOCK MARKET ETtr unit	$704	–	3,317	–	0.16%	–
MKL	New	MARKEL CP COM	$568	–	386	–	0.12%	–
	Sell	MARTINREA INTERNATIONAL INC CO	$440	-19.4%	50,762	-7.3%	0.10%	-15.7%
AMZN	Buy	AMAZON.COM INC COM	$418	+46.2%	3,291	+50.1%	0.09%	+53.3%
KO	Buy	COCA COLA CO	$416	-4.4%	7,422	+2.8%	0.09%	-1.1%
VZ	Sell	VERIZON COMMUNICATIONS INC	$403	-24.0%	12,429	-12.9%	0.09%	-21.4%
SPY	Sell	STANDARD & POORS DEPOSITARY REtr unit	$391	-65.7%	915	-50.4%	0.09%	-64.3%
WFC	Sell	WELLS FARGO AND CO NEW	$388	-28.9%	9,504	-25.7%	0.08%	-26.1%
NVDA	Buy	NVIDIA CORP COM	$345	+10.2%	794	+7.4%	0.08%	+15.2%
BDC	Buy	BELDEN	$314	+14.2%	3,253	+13.1%	0.07%	+19.0%
GOOGL	New	GOOGLE INC CL A	$288	–	2,198	–	0.06%	–
JPM	Sell	JPMORGAN CHASE AND CO	$281	-2.8%	1,937	-2.5%	0.06%	+1.6%
PYPL	New	PAYPAL HOLDINGS	$251	–	4,296	–	0.06%	–
JNJ	Sell	JOHNSON AND JOHNSON	$228	-16.5%	1,461	-11.6%	0.05%	-13.8%
TGT	Buy	TARGET CORP	$196	-14.8%	1,775	+1.7%	0.04%	-12.2%
TNC	New	TENNANT CO COM	$178	–	2,401	–	0.04%	–
BA	New	BOEING CO	$170	–	886	–	0.04%	–
GOOG	New	GOOGLE INC CL C	$153	–	1,160	–	0.03%	–
NVO	New	NOVO NORDISK A/S-ADR REPSTG 1/	$150	–	1,648	–	0.03%	–
DE	New	DEERE AND CO COM	$144	–	390	–	0.03%	–
MRK	New	MERCK & CO INC	$139	–	1,349	–	0.03%	–
XOM	New	EXXON MOBIL CORP	$141	–	1,196	–	0.03%	–
IBM	New	IBM	$137	–	974	–	0.03%	–
RTX	New	RTX CORP	$138	–	1,918	–	0.03%	–
	New	DIMENSIONAL ETF TR US MARKETWItr unit	$132	–	3,892	–	0.03%	–
PFE	New	PFIZER INC	$133	–	3,999	–	0.03%	–
AMGN	New	AMGEN INC	$125	–	465	–	0.03%	–
CMCSA	New	COMCAST CORP NEW CL A	$117	–	2,632	–	0.03%	–
USB	Sell	US BANCORP DEL	$120	-42.3%	3,639	-42.1%	0.03%	-40.9%
MDT	New	MEDTRONIC INC	$117	–	1,490	–	0.03%	–
ITW	New	ILLINOIS TOOL WORKS INC	$115	–	500	–	0.02%	–
CSCO	New	CISCO SYSTEMS INC	$108	–	2,002	–	0.02%	–
CSX	New	CSX CORP COM	$110	–	3,591	–	0.02%	–
T	New	AT&T	$103	–	6,850	–	0.02%	–
BIIB	New	BIOGEN IDEC INC	$103	–	400	–	0.02%	–
FB	New	META PLATFORMS INC COM CL A	$103	–	343	–	0.02%	–
ABBV	New	ABBVIE INC COM	$101	–	675	–	0.02%	–
YRCW	Exit	YELLOW CORPORATION	$0	–	-32,199	–	-0.01%	–
VWDRY	Exit	VESTAS WIND SYSTEMS COM	$0	–	-15,000	–	-0.03%	–

Q2 2023

			Value		Shares		↓ Weighting
CGNX	New	COGNEX CORP	$53,033	–	946,677	–	11.20%	–
MTW	New	MANITOWOC INC COM	$46,981	–	2,494,997	–	9.93%	–
DHR	New	DANAHER CORP DEL COM	$33,699	–	140,414	–	7.12%	–
GE	New	GENERAL ELECTRIC CO	$29,624	–	269,679	–	6.26%	–
JOE	New	ST JOE CP COM	$28,685	–	593,410	–	6.06%	–
COST	New	COSTCO WHOLESALE CORP-NEW	$23,904	–	44,399	–	5.05%	–
VOO	New	VANGUARD S AND P 500 ETF	$23,295	–	57,196	–	4.92%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B	$23,084	–	67,695	–	4.88%	–
NUE	New	NUCOR CORP	$17,495	–	106,693	–	3.70%	–
TEX	New	TEREX CORP NEW	$17,169	–	286,964	–	3.63%	–
	New	ENOVIS CORPORATION COM	$12,194	–	190,175	–	2.58%	–
	New	ESAB CORPORTAION COM	$12,189	–	183,179	–	2.58%	–
GLW	New	CORNING INC	$11,601	–	331,085	–	2.45%	–
MLHR	New	MILLER KNOLL INC	$10,879	–	736,065	–	2.30%	–
LUMN	New	LUMEN TECHNOLOGIES INC	$10,388	–	4,596,557	–	2.20%	–
NATI	New	NATIONAL INSTRUMENTS CORP	$9,477	–	1,651,067	–	2.00%	–
TCS	New	CONTAINER STORE GROUP INC COM	$7,690	–	2,448,922	–	1.62%	–
	New	COHERENT	$7,430	–	145,753	–	1.57%	–
VNT	New	VONTIER CORP	$7,425	–	230,516	–	1.57%	–
	New	GE HEALTHCARE TECHNOLOGIES	$7,221	–	88,885	–	1.53%	–
GPN	New	GLOBAL PAYMENTS INC	$7,054	–	71,596	–	1.49%	–
LITE	New	LUMENTUM HLDGS INC	$6,734	–	118,706	–	1.42%	–
AAPL	New	APPLE COMPUTER INC	$6,406	–	33,027	–	1.35%	–
ROG	New	ROGERS CORP	$6,126	–	37,833	–	1.29%	–
NVST	New	ENVISTA	$5,191	–	153,408	–	1.10%	–
CIEN	New	CIENA CORPORATION	$5,075	–	119,446	–	1.07%	–
EXPD	New	EXPEDITORS INTERNATIONAL OF WA	$4,765	–	39,335	–	1.01%	–
	New	CHIPOTLE MEXICAN GRILL	$4,503	–	2,105	–	0.95%	–
PH	New	PARKER-HANNIFIN CORP	$3,720	–	9,538	–	0.79%	–
KE	New	KIMBALL ELECTRONICS	$3,523	–	127,493	–	0.74%	–
MSFT	New	MICROSOFT CORP	$3,515	–	10,323	–	0.74%	–
MCD	New	MCDONALDS CORP	$2,935	–	9,835	–	0.62%	–
MOD	New	MODINE MANUFACTURING	$2,623	–	79,430	–	0.55%	–
TILE	New	INTERFACE INC	$1,556	–	177,039	–	0.33%	–
TWLO	New	TWILIO INC	$1,519	–	23,882	–	0.32%	–
CVX	New	CHEVRON CORPORATION	$1,480	–	9,407	–	0.31%	–
BAC	New	BANK OF AMERICA CORP	$1,265	–	44,081	–	0.27%	–
SPY	New	VANGUARD TOTAL STOCK MARKET ETFtr unit	$1,140	–	1,846	–	0.24%	–
TSLA	New	TESLA MOTORS INC COM	$1,101	–	4,207	–	0.23%	–
SBUX	New	STARBUCKS CORP	$1,017	–	10,266	–	0.22%	–
FRFHF	New	FAIRFAX FINANCIAL	$907	–	1,211	–	0.19%	–
GBCI	New	GLACIER BANCORP INC-NEW	$899	–	28,837	–	0.19%	–
WFC	New	WELLS FARGO AND CO NEW	$546	–	12,784	–	0.12%	–
	New	MARTINREA INTERNATIONAL INC CO	$546	–	54,762	–	0.12%	–
VZ	New	VERIZON COMMUNICATIONS INC	$530	–	14,263	–	0.11%	–
ROL	New	ROLLINS INC	$508	–	11,852	–	0.11%	–
KO	New	COCA COLA CO	$435	–	7,222	–	0.09%	–
SEIC	New	SEI INVESTMENTS CO	$424	–	7,105	–	0.09%	–
CL	New	COLGATE PALMOLIVE CO	$393	–	5,106	–	0.08%	–
NVDA	New	NVIDIA CORP COM	$313	–	739	–	0.07%	–
JPM	New	JPMORGAN CHASE AND CO	$289	–	1,987	–	0.06%	–
NOC	New	NORTHROP GRUMMAN CORP COM	$283	–	620	–	0.06%	–
AMZN	New	AMAZON.COM INC COM	$286	–	2,192	–	0.06%	–
JNJ	New	JOHNSON AND JOHNSON	$273	–	1,652	–	0.06%	–
BDC	New	BELDEN	$275	–	2,877	–	0.06%	–
ADBE	New	ADOBE SYSTEMS INC COM	$269	–	550	–	0.06%	–
TGT	New	TARGET CORP	$230	–	1,745	–	0.05%	–
IWM	New	ISHARES RUSSELL 2000 IDX FUNDtr unit	$231	–	1,235	–	0.05%	–
ETN	New	EATON CORP	$209	–	1,039	–	0.04%	–
USB	New	US BANCORP DEL	$208	–	6,289	–	0.04%	–
DFUS	New	DIMENSIONAL ETF TR US EQUITY Etr unit	$203	–	4,223	–	0.04%	–
VWDRY	New	VESTAS WIND SYSTEMS COM	$132	–	15,000	–	0.03%	–
PRPL	New	PURPLE INNOVATION INC COM	$110	–	39,427	–	0.02%	–
FIGS	New	FIGS INC	$88	–	10,600	–	0.02%	–
YRCW	New	YELLOW CORPORATION	$22	–	32,199	–	0.01%	–

Q4 2022

			Value		Shares		↓ Weighting
SRNE	Exit	SORRENTO THERAPEUTICS INC COM	$0	–	-24,000	–	-0.01%	–
VWDRY	Exit	VESTAS WIND SYSTEMS COM	$0	–	-15,000	–	-0.02%	–
NVDA	Exit	NVIDIA CORP COM	$0	–	-819	–	-0.02%	–
T	Exit	AT&T	$0	–	-6,916	–	-0.03%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-1,626	–	-0.04%	–
IWM	Exit	ISHARES RUSSELL 2000 IDX FUNDtr unit	$0	–	-1,345	–	-0.06%	–
PFE	Exit	PFIZER INC	$0	–	-5,156	–	-0.06%	–
AMZN	Exit	AMAZON.COM INC COM	$0	–	-2,140	–	-0.06%	–
USB	Exit	US BANCORP DEL	$0	–	-6,349	–	-0.06%	–
TGT	Exit	TARGET CORP	$0	–	-1,775	–	-0.07%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-1,679	–	-0.07%	–
NOC	Exit	NORTHROP GRUMMAN CORP COM	$0	–	-613	–	-0.07%	–
MKL	Exit	MARKEL CP COM	$0	–	-292	–	-0.08%	–
	Exit	MARTINREA INTERNATIONAL INC CO	$0	–	-51,876	–	-0.08%	–
SEIC	Exit	SEI INVESTMENTS CO	$0	–	-7,105	–	-0.09%	–
SBFG	Exit	SB FINANCIAL GRP INC	$0	–	-21,916	–	-0.09%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-5,236	–	-0.09%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-4,665	–	-0.10%	–
KO	Exit	COCA COLA CO	$0	–	-7,756	–	-0.11%	–
ROL	Exit	ROLLINS INC	$0	–	-12,531	–	-0.11%	–
CAC	Exit	CAMDEN NATIONAL CORP	$0	–	-12,003	–	-0.13%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-13,457	–	-0.14%	–
FRFHF	Exit	FAIRFAX FINANCIAL	$0	–	-1,216	–	-0.14%	–
SPY	Exit	VANGUARD TOTAL STOCK MARKET ETFtr unit	$0	–	-3,186	–	-0.18%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-19,446	–	-0.19%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-10,552	–	-0.22%	–
MOD	Exit	MODINE MANUFACTURING	$0	–	-77,322	–	-0.25%	–
GBCI	Exit	GLACIER BANCORP INC-NEW	$0	–	-23,411	–	-0.29%	–
TSLA	Exit	TESLA MOTORS INC COM	$0	–	-4,413	–	-0.30%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-9,443	–	-0.34%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-10,812	–	-0.35%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-14,034	–	-0.37%	–
TILE	Exit	INTERFACE INC	$0	–	-179,542	–	-0.41%	–
PH	Exit	PARKER-HANNIFIN CORP	$0	–	-9,528	–	-0.58%	–
MCD	Exit	MCDONALDS CORP	$0	–	-10,233	–	-0.60%	–
VNT	Exit	VONTIER CORP	$0	–	-159,759	–	-0.68%	–
KE	Exit	KIMBALL ELECTRONICS	$0	–	-170,068	–	-0.74%	–
TWLO	Exit	TWILIO INC.	$0	–	-42,506	–	-0.74%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-12,609	–	-0.74%	–
	Exit	CHIPOTLE MEXICAN GRILL	$0	–	-2,077	–	-0.79%	–
	Exit	COHERENT	$0	–	-97,517	–	-0.86%	–
EXPD	Exit	EXPEDITORS INTERNATIONAL OF WA	$0	–	-44,169	–	-0.99%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-143,922	–	-1.10%	–
YRCW	Exit	YELLOW CORPORATION	$0	–	-876,555	–	-1.12%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-34,174	–	-1.20%	–
NVST	Exit	ENVISTA	$0	–	-144,218	–	-1.20%	–
CIEN	Exit	CIENA CORPORATION	$0	–	-123,818	–	-1.27%	–
	Exit	ESAB CORPORTAION COM	$0	–	-162,350	–	-1.37%	–
	Exit	ENOVIS CORPORATION COM	$0	–	-172,198	–	-2.01%	–
MLHR	Exit	MILLER KNOLL INC	$0	–	-510,677	–	-2.02%	–
GPN	Exit	GLOBAL PAYMENTS INC	$0	–	-75,657	–	-2.07%	–
TEX	Exit	TEREX CORP NEW	$0	–	-302,989	–	-2.28%	–
LITE	Exit	LUMENTUM HLDGS INC	$0	–	-134,790	–	-2.34%	–
NATI	Exit	NATIONAL INSTRUMENTS CORP	$0	–	-273,397	–	-2.61%	–
GLW	Exit	CORNING INC	$0	–	-359,805	–	-2.64%	–
ROG	Exit	ROGERS CORP	$0	–	-49,783	–	-3.05%	–
TCS	Exit	CONTAINER STORE GROUP INC COM	$0	–	-2,652,571	–	-3.29%	–
VOO	Exit	VANGUARD S&P 500 ETF	$0	–	-47,046	–	-3.91%	–
NUE	Exit	NUCOR CORP	$0	–	-147,350	–	-3.99%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-271,924	–	-4.26%	–
MTW	Exit	MANITOWOC INC COM	$0	–	-2,484,277	–	-4.88%	–
COST	Exit	COSTCO WHOLESALE CORP-NEW	$0	–	-46,670	–	-5.58%	–
LUMN	Exit	LUMEN TECHNOLOGIES INC	$0	–	-3,091,598	–	-5.70%	–
JOE	Exit	ST JOE CP COM	$0	–	-726,705	–	-5.89%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CL B	$0	–	-103,979	–	-7.03%	–
DHR	Exit	DANAHER CORP DEL COM	$0	–	-117,802	–	-7.70%	–
CGNX	Exit	COGNEX CORP	$0	–	-963,644	–	-10.11%	–

Q3 2022

			Value		Shares		↓ Weighting
CGNX	Buy	COGNEX CORP	$39,943,000	-1.9%	963,644	+0.6%	10.11%	+4.8%
DHR	Sell	DANAHER CORP DEL COM	$30,427,000	+1.4%	117,802	-0.5%	7.70%	+8.3%
BRKB	Buy	BERKSHIRE HATHAWAY INC CL B	$27,764,000	+39.2%	103,979	+42.3%	7.03%	+48.7%
JOE	Buy	ST JOE CP COM	$23,276,000	-18.7%	726,705	+0.4%	5.89%	-13.2%
LUMN	Sell	LUMEN TECHNOLOGIES INC	$22,507,000	-34.7%	3,091,598	-2.2%	5.70%	-30.3%
COST	Sell	COSTCO WHOLESALE CORP-NEW	$22,041,000	-4.7%	46,670	-3.3%	5.58%	+1.8%
MTW	Buy	MANITOWOC INC COM	$19,253,000	-24.2%	2,484,277	+3.0%	4.88%	-19.0%
GE	Sell	GENERAL ELECTRIC CO	$16,835,000	-3.0%	271,924	-0.2%	4.26%	+3.6%
NUE	Sell	NUCOR CORP	$15,765,000	+1.4%	147,350	-1.1%	3.99%	+8.3%
VOO	Buy	VANGUARD S&P 500 ETF	$15,445,000	+13.1%	47,046	+19.5%	3.91%	+20.7%
TCS	Buy	CONTAINER STORE GROUP INC COM	$12,998,000	-21.3%	2,652,571	+0.1%	3.29%	-15.9%
ROG	Sell	ROGERS CORP	$12,041,000	-8.0%	49,783	-0.3%	3.05%	-1.7%
GLW	Sell	CORNING INC	$10,442,000	-8.0%	359,805	-0.1%	2.64%	-1.7%
NATI	Sell	NATIONAL INSTRUMENTS CORP	$10,318,000	+20.6%	273,397	-0.2%	2.61%	+28.8%
LITE	Sell	LUMENTUM HLDGS INC	$9,243,000	-13.7%	134,790	-0.1%	2.34%	-7.9%
TEX	Buy	TEREX CORP NEW	$9,011,000	+9.0%	302,989	+0.3%	2.28%	+16.5%
GPN	Sell	GLOBAL PAYMENTS INC	$8,175,000	-17.2%	75,657	-15.3%	2.07%	-11.6%
MLHR	Buy	MILLER KNOLL INC	$7,967,000	-37.8%	510,677	+4.7%	2.02%	-33.6%
	Buy	ENOVIS CORPORATION COM	$7,933,000	-13.2%	172,198	+3.6%	2.01%	-7.3%
	Sell	ESAB CORPORTAION COM	$5,416,000	-23.8%	162,350	-0.0%	1.37%	-18.6%
CIEN	Sell	CIENA CORPORATION	$5,006,000	-11.6%	123,818	-0.1%	1.27%	-5.5%
AAPL	Sell	APPLE COMPUTER INC	$4,723,000	+0.4%	34,174	-0.7%	1.20%	+7.2%
YRCW	Buy	YELLOW CORPORATION	$4,444,000	+87.0%	876,555	+8.1%	1.12%	+99.8%
BAC	Buy	BANK OF AMERICA CORP	$4,346,000	+192.5%	143,922	+201.6%	1.10%	+212.5%
EXPD	Sell	EXPEDITORS INTERNATIONAL OF WA	$3,901,000	-10.6%	44,169	-1.3%	0.99%	-4.4%
	New	COHERENT	$3,398,000	–	97,517	–	0.86%	–
MSFT	Buy	MICROSOFT CORP	$2,937,000	-6.9%	12,609	+2.7%	0.74%	-0.5%
TWLO	Buy	TWILIO INC.	$2,939,000	+54.8%	42,506	+87.7%	0.74%	+65.3%
KE	Buy	KIMBALL ELECTRONICS	$2,917,000	-14.4%	170,068	+0.3%	0.74%	-8.5%
VNT	Buy	VONTIER CORP	$2,670,000	-26.7%	159,759	+0.9%	0.68%	-21.7%
MCD	Sell	MCDONALDS CORP	$2,361,000	-19.0%	10,233	-13.4%	0.60%	-13.5%
PH	Buy	PARKER-HANNIFIN CORP	$2,309,000	+1.3%	9,528	+2.8%	0.58%	+8.3%
JPM	Sell	JPMORGAN CHASE & CO	$1,467,000	-7.2%	14,034	-0.1%	0.37%	-1.1%
PG	New	PROCTER & GAMBLE CO	$1,365,000	–	10,812	–	0.35%	–
CVX	Buy	CHEVRON CORPORATION	$1,357,000	-0.6%	9,443	+0.1%	0.34%	+6.2%
TSLA	Buy	TESLA MOTORS INC COM	$1,171,000	+18.2%	4,413	+200.0%	0.30%	+26.4%
GBCI	Buy	GLACIER BANCORP INC-NEW	$1,150,000	+5.2%	23,411	+1.6%	0.29%	+12.4%
MOD	Sell	MODINE MANUFACTURING	$1,001,000	+23.0%	77,322	-0.0%	0.25%	+31.1%
SBUX	Sell	STARBUCKS CORP	$889,000	+9.8%	10,552	-0.5%	0.22%	+17.2%
VZ	Buy	VERIZON COMMUNICATIONS INC	$738,000	-24.1%	19,446	+1.5%	0.19%	-18.7%
SPY	Buy	VANGUARD TOTAL STOCK MARKET ETFtr unit	$727,000	-4.8%	3,186	+0.1%	0.18%	+1.7%
WFC	Sell	WELLS FARGO & CO NEW	$541,000	+0.4%	13,457	-2.3%	0.14%	+7.0%
CAC	New	CAMDEN NATIONAL CORP	$511,000	–	12,003	–	0.13%	–
KO	Sell	COCA COLA CO	$434,000	-11.6%	7,756	-0.7%	0.11%	-5.2%
ROL	Sell	ROLLINS INC	$435,000	-9.6%	12,531	-9.0%	0.11%	-3.5%
PYPL	New	PAYPAL HOLDINGS INC	$402,000	–	4,665	–	0.10%	–
SBFG	New	SB FINANCIAL GRP INC	$369,000	–	21,916	–	0.09%	–
CL	Sell	COLGATE PALMOLIVE CO	$368,000	-14.4%	5,236	-2.3%	0.09%	-8.8%
	Buy	MARTINREA INTERNATIONAL INC CO	$326,000	-0.9%	51,876	+2.0%	0.08%	+6.4%
MKL	New	MARKEL CP COM	$317,000	–	292	–	0.08%	–
NOC	Buy	NORTHROP GRUMMAN CORP COM	$288,000	-1.4%	613	+0.3%	0.07%	+5.8%
TGT	Buy	TARGET CORP	$263,000	+6.9%	1,775	+1.7%	0.07%	+15.5%
USB	Sell	US BANCORP DEL	$256,000	-17.4%	6,349	-5.7%	0.06%	-11.0%
PFE	Sell	PFIZER INC	$226,000	-16.6%	5,156	-0.2%	0.06%	-10.9%
XOM	New	Exxon Mobil Corp	$142,000	–	1,626	–	0.04%	–
T	New	AT&T	$106,000	–	6,916	–	0.03%	–
NVDA	New	NVIDIA CORP COM	$99,000	–	819	–	0.02%	–
SNDL	Exit	SUNDIAL GROWERS INC	$0	–	-39,550	–	-0.00%	–
ADBE	Exit	ADOBE SYSTEMS INC COM	$0	–	-550	–	-0.05%	–
CR	Exit	CRANE CO	$0	–	-3,202	–	-0.07%	–
IIVI	Exit	II-VI INC	$0	–	-96,070	–	-1.16%	–

Q2 2022

			Value		Shares		↓ Weighting
CGNX	New	COGNEX CORP	$40,712,000	–	957,483	–	9.65%	–
LUMN	New	LUMEN TECHNOLOGIES INC	$34,482,000	–	3,160,629	–	8.17%	–
DHR	New	DANAHER CORP DEL COM	$30,013,000	–	118,386	–	7.12%	–
JOE	New	ST JOE CP COM	$28,642,000	–	724,022	–	6.79%	–
MTW	New	MANITOWOC INC COM	$25,395,000	–	2,411,636	–	6.02%	–
COST	New	COSTCO WHOLESALE CORP-NEW	$23,131,000	–	48,261	–	5.48%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B	$19,949,000	–	73,069	–	4.73%	–
GE	New	GENERAL ELECTRIC CO	$17,354,000	–	272,560	–	4.11%	–
TCS	New	CONTAINER STORE GROUP INC COM	$16,506,000	–	2,649,405	–	3.91%	–
NUE	New	NUCOR CORP	$15,554,000	–	148,972	–	3.69%	–
VOO	New	VANGUARD S&P 500 ETF	$13,662,000	–	39,385	–	3.24%	–
ROG	New	ROGERS CORP	$13,090,000	–	49,946	–	3.10%	–
MLHR	New	MILLER KNOLL INC	$12,817,000	–	487,896	–	3.04%	–
GLW	New	CORNING INC	$11,351,000	–	360,237	–	2.69%	–
LITE	New	LUMENTUM HLDGS INC	$10,714,000	–	134,897	–	2.54%	–
GPN	New	GLOBAL PAYMENTS INC	$9,878,000	–	89,276	–	2.34%	–
	New	ENOVIS CORPORATION COM	$9,143,000	–	166,244	–	2.17%	–
NATI	New	NATIONAL INSTRUMENTS CORP	$8,553,000	–	273,866	–	2.03%	–
TEX	New	TEREX CORP NEW	$8,265,000	–	301,990	–	1.96%	–
	New	ESAB CORPORTAION COM	$7,105,000	–	162,397	–	1.68%	–
CIEN	New	CIENA CORPORATION	$5,663,000	–	123,918	–	1.34%	–
NVST	New	ENVISTA	$5,558,000	–	144,218	–	1.32%	–
IIVI	New	II-VI INC	$4,895,000	–	96,070	–	1.16%	–
AAPL	New	APPLE COMPUTER INC	$4,706,000	–	34,420	–	1.12%	–
EXPD	New	EXPEDITORS INTERNATIONAL OF WA	$4,363,000	–	44,769	–	1.03%	–
VNT	New	VONTIER CORP	$3,641,000	–	158,377	–	0.86%	–
KE	New	KIMBALL ELECTRONICS	$3,408,000	–	169,543	–	0.81%	–
MSFT	New	MICROSOFT CORP	$3,154,000	–	12,279	–	0.75%	–
MCD	New	MCDONALDS CORP	$2,916,000	–	11,812	–	0.69%	–
	New	CHIPOTLE MEXICAN GRILL	$2,715,000	–	2,077	–	0.64%	–
YRCW	New	YELLOW CORPORATION	$2,377,000	–	811,210	–	0.56%	–
PH	New	PARKER-HANNIFIN CORP	$2,280,000	–	9,265	–	0.54%	–
TILE	New	INTERFACE INC	$2,251,000	–	179,542	–	0.53%	–
TWLO	New	TWILIO INC.	$1,898,000	–	22,650	–	0.45%	–
JPM	New	JPMORGAN CHASE & CO	$1,581,000	–	14,044	–	0.38%	–
BAC	New	BANK OF AMERICA CORP	$1,486,000	–	47,721	–	0.35%	–
CVX	New	CHEVRON CORPORATION	$1,365,000	–	9,431	–	0.32%	–
GBCI	New	GLACIER BANCORP INC-NEW	$1,093,000	–	23,052	–	0.26%	–
TSLA	New	TESLA MOTORS INC COM	$991,000	–	1,471	–	0.24%	–
VZ	New	VERIZON COMMUNICATIONS INC	$972,000	–	19,152	–	0.23%	–
MOD	New	MODINE MANUFACTURING	$814,000	–	77,338	–	0.19%	–
SBUX	New	STARBUCKS CORP	$810,000	–	10,610	–	0.19%	–
SPY	New	VANGUARD TOTAL STOCK MARKET ETFtr unit	$764,000	–	3,183	–	0.18%	–
FRFHF	New	FAIRFAX FINANCIAL	$643,000	–	1,216	–	0.15%	–
WFC	New	WELLS FARGO & CO NEW	$539,000	–	13,772	–	0.13%	–
KO	New	COCA COLA CO	$491,000	–	7,812	–	0.12%	–
ROL	New	ROLLINS INC	$481,000	–	13,770	–	0.11%	–
CL	New	COLGATE PALMOLIVE CO	$430,000	–	5,361	–	0.10%	–
SEIC	New	SEI INVESTMENTS CO	$384,000	–	7,105	–	0.09%	–
	New	MARTINREA INTERNATIONAL INC CO	$329,000	–	50,836	–	0.08%	–
USB	New	US BANCORP DEL	$310,000	–	6,734	–	0.07%	–
JNJ	New	JOHNSON & JOHNSON	$298,000	–	1,679	–	0.07%	–
NOC	New	NORTHROP GRUMMAN CORP COM	$292,000	–	611	–	0.07%	–
CR	New	CRANE CO	$280,000	–	3,202	–	0.07%	–
PFE	New	PFIZER INC	$271,000	–	5,168	–	0.06%	–
TGT	New	TARGET CORP	$246,000	–	1,745	–	0.06%	–
AMZN	New	AMAZON.COM INC COM	$227,000	–	2,140	–	0.05%	–
IWM	New	ISHARES RUSSELL 2000 IDX FUNDtr unit	$228,000	–	1,345	–	0.05%	–
ADBE	New	ADOBE SYSTEMS INC COM	$201,000	–	550	–	0.05%	–
VWDRY	New	VESTAS WIND SYSTEMS COM	$105,000	–	15,000	–	0.02%	–
SRNE	New	SORRENTO THERAPEUTICS INC COM	$48,000	–	24,000	–	0.01%	–
SNDL	New	SUNDIAL GROWERS INC	$13,000	–	39,550	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
SNDL	Exit	SUNDIAL GROWERS INC	$0	–	-35,100	–	-0.01%	–
VNT	Exit	VONTIER CORP	$0	–	-826	–	-0.01%	–
MOD	Exit	MODINE MANUFACTURING	$0	–	-3,602	–	-0.01%	–
	Exit	MARTINREA INTERNATIONAL INC CO	$0	–	-11,565	–	-0.02%	–
VWDRY	Exit	VESTAS WIND SYSTEMS COM	$0	–	-15,000	–	-0.04%	–
PFE	Exit	PFIZER INC	$0	–	-4,971	–	-0.04%	–
NOC	Exit	NORTHROP GRUMMAN CORP COM	$0	–	-604	–	-0.04%	–
PH	Exit	PARKER-HANNIFIN CORP	$0	–	-793	–	-0.04%	–
TNC	Exit	TENNANT CO	$0	–	-3,184	–	-0.04%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRUSTtr unit	$0	–	-494	–	-0.05%	–
	Exit	VESTAS WIND SYSTEM DKK1	$0	–	-6,000	–	-0.05%	–
GOOGL	Exit	GOOGLE INC	$0	–	-92	–	-0.05%	–
AMZN	Exit	AMAZON.COM INC COM	$0	–	-78	–	-0.05%	–
IWM	Exit	ISHARES RUSSELL 2000 IDX FUNDtr unit	$0	–	-1,242	–	-0.05%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-1,782	–	-0.06%	–
CR	Exit	CRANE CO	$0	–	-3,202	–	-0.06%	–
ADBE	Exit	ADOBE SYSTEMS INC COM	$0	–	-550	–	-0.06%	–
TGT	Exit	TARGET CORP	$0	–	-1,745	–	-0.08%	–
KO	Exit	COCA COLA CO	$0	–	-7,812	–	-0.08%	–
USB	Exit	US BANCORP DEL	$0	–	-6,970	–	-0.08%	–
SEIC	Exit	SEI INVESTMENTS CO	$0	–	-7,211	–	-0.08%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-5,681	–	-0.08%	–
ROL	Exit	ROLLINS INC	$0	–	-16,031	–	-0.11%	–
CERN	Exit	CERNER CORP	$0	–	-8,093	–	-0.11%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-13,746	–	-0.12%	–
FRFHF	Exit	FAIRFAX FINANCIAL	$0	–	-1,767	–	-0.14%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC-DEL CLcl a	$0	–	-2	–	-0.16%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-17,538	–	-0.18%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-10,795	–	-0.21%	–
SPY	Exit	VANGUARD TOTAL STOCK MARKET ETFtr unit	$0	–	-3,699	–	-0.22%	–
TSLA	Exit	TESLA MOTORS INC COM	$0	–	-1,464	–	-0.22%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-10,385	–	-0.22%	–
GBCI	Exit	GLACIER BANCORP INC-NEW	$0	–	-21,027	–	-0.22%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-47,919	–	-0.39%	–
	Exit	CHIPOTLE MEXICAN GRILL	$0	–	-1,309	–	-0.46%	–
KE	Exit	KIMBALL ELECTRONICS	$0	–	-96,416	–	-0.48%	–
TILE	Exit	INTERFACE INC	$0	–	-179,542	–	-0.52%	–
MCD	Exit	MCDONALDS CORP	$0	–	-11,812	–	-0.55%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-17,510	–	-0.55%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-11,694	–	-0.63%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-35,871	–	-0.98%	–
YRCW	Exit	YRC WORLDWIDE INC	$0	–	-935,482	–	-1.02%	–
EXPD	Exit	EXPEDITORS INTERNATIONAL OF WA	$0	–	-46,129	–	-1.06%	–
IIVI	Exit	II-VI INC	$0	–	-96,668	–	-1.10%	–
NVST	Exit	ENVISTA	$0	–	-139,657	–	-1.12%	–
CIEN	Exit	CIENA CORPORATION	$0	–	-124,852	–	-1.23%	–
VOO	Exit	VANGUARD S&P 500 ETF	$0	–	-22,198	–	-1.68%	–
GPN	Exit	GLOBAL PAYMENTS INC	$0	–	-69,965	–	-2.12%	–
NATI	Exit	NATIONAL INSTRUMENTS CORP	$0	–	-281,287	–	-2.12%	–
LITE	Exit	LUMENTUM HLDGS INC	$0	–	-139,128	–	-2.23%	–
TEX	Exit	TEREX CORP NEW	$0	–	-304,822	–	-2.47%	–
GLW	Exit	CORNING INC	$0	–	-363,105	–	-2.55%	–
MLHR	Exit	HERMAN MILLER INC	$0	–	-433,742	–	-3.14%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-161,891	–	-3.20%	–
NUE	Exit	NUCOR CORP	$0	–	-175,251	–	-3.32%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CL B	$0	–	-74,876	–	-3.93%	–
CFX	Exit	COLFAX CORP COM	$0	–	-468,826	–	-4.14%	–
TCS	Exit	CONTAINER STORE GROUP INC COM	$0	–	-2,394,718	–	-4.38%	–
ROG	Exit	ROGERS CORP	$0	–	-136,883	–	-4.90%	–
COST	Exit	COSTCO WHOLESALE CORP-NEW	$0	–	-58,354	–	-5.04%	–
JOE	Exit	ST JOE CP COM	$0	–	-784,046	–	-6.34%	–
DHR	Exit	DANAHER CORP DEL COM	$0	–	-118,491	–	-6.93%	–
MTW	Exit	MANITOWOC INC COM	$0	–	-1,862,381	–	-7.66%	–
LUMN	Exit	LUMEN TECHNOLOGIES INC	$0	–	-3,338,887	–	-7.95%	–
CGNX	Exit	COGNEX CORP	$0	–	-833,407	–	-12.85%	–

Q3 2021

			Value		Shares		↓ Weighting
CGNX	Buy	COGNEX CORP	$66,856,000	-3.2%	833,407	+1.4%	12.85%	+2.2%
LUMN	Buy	LUMEN TECHNOLOGIES INC	$41,369,000	-6.0%	3,338,887	+3.1%	7.95%	-0.7%
MTW	Buy	MANITOWOC INC COM	$39,892,000	-11.5%	1,862,381	+1.2%	7.66%	-6.5%
DHR	Sell	DANAHER CORP DEL COM	$36,073,000	+13.1%	118,491	-0.3%	6.93%	+19.5%
JOE	Buy	ST JOE CP COM	$33,008,000	-5.6%	784,046	+0.1%	6.34%	-0.2%
COST	Sell	COSTCO WHOLESALE CORP-NEW	$26,222,000	+12.0%	58,354	-1.4%	5.04%	+18.3%
ROG	Sell	ROGERS CORP	$25,526,000	-10.3%	136,883	-3.4%	4.90%	-5.2%
TCS	Buy	CONTAINER STORE GROUP INC COM	$22,798,000	-24.4%	2,394,718	+3.6%	4.38%	-20.1%
CFX	Buy	COLFAX CORP COM	$21,519,000	+0.6%	468,826	+0.4%	4.14%	+6.2%
BRKB	Sell	BERKSHIRE HATHAWAY INC CL B	$20,437,000	-2.9%	74,876	-1.1%	3.93%	+2.6%
NUE	Sell	NUCOR CORP	$17,260,000	+2.1%	175,251	-0.5%	3.32%	+7.9%
GE	Sell	GENERAL ELECTRIC CO	$16,680,000	-3.1%	161,891	-87.3%	3.20%	+2.4%
MLHR	Buy	HERMAN MILLER INC	$16,335,000	-16.5%	433,742	+4.5%	3.14%	-11.8%
GLW	Sell	CORNING INC	$13,250,000	-11.0%	363,105	-0.2%	2.55%	-5.9%
TEX	Sell	TEREX CORP NEW	$12,833,000	-12.6%	304,822	-1.2%	2.47%	-7.7%
LITE	Sell	LUMENTUM HLDGS INC	$11,623,000	-0.3%	139,128	-2.1%	2.23%	+5.3%
NATI	Sell	NATIONAL INSTRUMENTS CORP	$11,035,000	-7.4%	281,287	-0.2%	2.12%	-2.2%
GPN	Buy	GLOBAL PAYMENTS INC	$11,025,000	-15.8%	69,965	+0.2%	2.12%	-11.1%
VOO	Buy	VANGUARD S&P 500 ETF	$8,755,000	+15.9%	22,198	+15.6%	1.68%	+22.4%
CIEN	Buy	CIENA CORPORATION	$6,411,000	-9.7%	124,852	+0.0%	1.23%	-4.6%
NVST	Buy	ENVISTA	$5,839,000	-2.7%	139,657	+0.5%	1.12%	+2.7%
IIVI	Sell	II-VI INC	$5,738,000	-18.3%	96,668	-0.1%	1.10%	-13.7%
EXPD	Sell	EXPEDITORS INTERNATIONAL OF WA	$5,495,000	-6.2%	46,129	-0.3%	1.06%	-0.9%
YRCW	Buy	YRC WORLDWIDE INC	$5,285,000	-11.0%	935,482	+2.6%	1.02%	-5.9%
AAPL	Sell	APPLE COMPUTER INC	$5,076,000	+12.6%	35,871	-1.4%	0.98%	+18.9%
MSFT	Sell	MICROSOFT CORP	$3,297,000	+0.2%	11,694	-3.7%	0.63%	+6.0%
JPM	Sell	JPMORGAN CHASE & CO	$2,866,000	-0.6%	17,510	-5.5%	0.55%	+5.2%
MCD	Buy	MCDONALDS CORP	$2,848,000	+4.4%	11,812	+0.0%	0.55%	+10.3%
TILE	Sell	INTERFACE INC	$2,720,000	-1.1%	179,542	-0.1%	0.52%	+4.6%
KE	Buy	KIMBALL ELECTRONICS	$2,485,000	+19.2%	96,416	+0.6%	0.48%	+26.1%
	Sell	CHIPOTLE MEXICAN GRILL	$2,379,000	-39.6%	1,309	-48.5%	0.46%	-36.2%
BAC	Sell	BANK OF AMERICA CORP	$2,034,000	+1.7%	47,919	-1.2%	0.39%	+7.4%
GBCI	Buy	GLACIER BANCORP INC-NEW	$1,164,000	+0.6%	21,027	+0.1%	0.22%	+6.7%
SBUX	Sell	STARBUCKS CORP	$1,146,000	-3.9%	10,385	-2.6%	0.22%	+1.4%
SPY	Buy	VANGUARD TOTAL STOCK MARKET ETFtr unit	$1,119,000	+5.4%	3,699	+7.4%	0.22%	+11.4%
CVX	Buy	CHEVRON CORPORATION	$1,095,000	+1.8%	10,795	+5.0%	0.21%	+7.1%
VZ	Buy	VERIZON COMMUNICATIONS INC	$947,000	-3.5%	17,538	+0.1%	0.18%	+2.2%
FRFHF	Buy	FAIRFAX FINANCIAL	$713,000	-5.6%	1,767	+1.4%	0.14%	0.0%
WFC	Sell	WELLS FARGO & CO NEW	$638,000	-46.2%	13,746	-47.5%	0.12%	-43.1%
ROL	Sell	ROLLINS INC	$566,000	-2.9%	16,031	-6.0%	0.11%	+2.8%
CL	Sell	COLGATE PALMOLIVE CO	$429,000	-8.7%	5,681	-1.7%	0.08%	-3.5%
USB	Sell	US BANCORP DEL	$414,000	-5.7%	6,970	-9.5%	0.08%	0.0%
KO	Buy	COCA COLA CO	$410,000	-3.1%	7,812	+0.0%	0.08%	+2.6%
JNJ	Sell	JOHNSON & JOHNSON	$288,000	-11.7%	1,782	-10.1%	0.06%	-6.8%
AMZN	Sell	AMAZON.COM INC COM	$256,000	-11.4%	78	-7.1%	0.05%	-7.5%
GOOGL	Sell	GOOGLE INC	$246,000	+3.8%	92	-5.2%	0.05%	+9.3%
MDY	Sell	SPDR S&P MIDCAP 400 ETF TRUSTtr unit	$238,000	-30.2%	494	-28.8%	0.05%	-25.8%
TNC	Buy	TENNANT CO	$235,000	-7.5%	3,184	+0.0%	0.04%	-2.2%
PH	Buy	PARKER-HANNIFIN CORP	$222,000	+382.6%	793	+428.7%	0.04%	+437.5%
NOC	Buy	NORTHROP GRUMMAN CORP COM	$218,000	-0.5%	604	+0.5%	0.04%	+5.0%
PFE	New	PFIZER INC	$214,000	–	4,971	–	0.04%	–
	New	MARTINREA INTERNATIONAL INC CO	$103,000	–	11,565	–	0.02%	–
MOD	New	MODINE MANUFACTURING	$41,000	–	3,602	–	0.01%	–
VNT	New	VONTIER CORP	$28,000	–	826	–	0.01%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-1,486	–	-0.04%	–
DIS	Exit	WALT DISNEY CO HOLDING CO	$0	–	-1,191	–	-0.04%	–
BA	Exit	BOEING CO	$0	–	-1,044	–	-0.04%	–
LB	Exit	L BRANDS INC	$0	–	-4,370	–	-0.06%	–

Q2 2021

			Value		Shares		↓ Weighting
CGNX	New	COGNEX CORP	$69,094,000	–	822,061	–	12.57%	–
MTW	New	MANITOWOC INC COM	$45,079,000	–	1,839,955	–	8.20%	–
LUMN	New	LUMEN TECHNOLOGIES INC	$44,003,000	–	3,237,896	–	8.00%	–
JOE	New	ST JOE CP COM	$34,950,000	–	783,451	–	6.36%	–
DHR	New	DANAHER CORP DEL COM	$31,886,000	–	118,818	–	5.80%	–
TCS	New	CONTAINER STORE GROUP INC COM	$30,158,000	–	2,312,459	–	5.49%	–
ROG	New	ROGERS CORP	$28,449,000	–	141,680	–	5.18%	–
COST	New	COSTCO WHOLESALE CORP-NEW	$23,415,000	–	59,179	–	4.26%	–
CFX	New	COLFAX CORP COM	$21,398,000	–	467,109	–	3.89%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B	$21,042,000	–	75,714	–	3.83%	–
MLHR	New	HERMAN MILLER INC	$19,569,000	–	415,123	–	3.56%	–
GE	New	GENERAL ELECTRIC CO	$17,208,000	–	1,278,432	–	3.13%	–
NUE	New	NUCOR CORP	$16,905,000	–	176,220	–	3.08%	–
GLW	New	CORNING INC	$14,884,000	–	363,907	–	2.71%	–
TEX	New	TEREX CORP NEW	$14,686,000	–	308,398	–	2.67%	–
GPN	New	GLOBAL PAYMENTS INC	$13,099,000	–	69,844	–	2.38%	–
NATI	New	NATIONAL INSTRUMENTS CORP	$11,913,000	–	281,775	–	2.17%	–
LITE	New	LUMENTUM HLDGS INC	$11,655,000	–	142,076	–	2.12%	–
VOO	New	VANGUARD S&P 500 ETF	$7,554,000	–	19,197	–	1.37%	–
CIEN	New	CIENA CORPORATION	$7,101,000	–	124,827	–	1.29%	–
IIVI	New	II-VI INC	$7,027,000	–	96,806	–	1.28%	–
NVST	New	ENVISTA	$6,003,000	–	138,918	–	1.09%	–
YRCW	New	YRC WORLDWIDE INC	$5,937,000	–	911,938	–	1.08%	–
EXPD	New	EXPEDITORS INTERNATIONAL OF WA	$5,860,000	–	46,289	–	1.07%	–
AAPL	New	APPLE COMPUTER INC	$4,509,000	–	36,381	–	0.82%	–
	New	CHIPOTLE MEXICAN GRILL	$3,938,000	–	2,540	–	0.72%	–
MSFT	New	MICROSOFT CORP	$3,290,000	–	12,146	–	0.60%	–
JPM	New	JPMORGAN CHASE & CO	$2,882,000	–	18,530	–	0.52%	–
TILE	New	INTERFACE INC	$2,751,000	–	179,792	–	0.50%	–
MCD	New	MCDONALDS CORP	$2,728,000	–	11,811	–	0.50%	–
KE	New	KIMBALL ELECTRONICS	$2,084,000	–	95,866	–	0.38%	–
BAC	New	BANK OF AMERICA CORP	$2,000,000	–	48,497	–	0.36%	–
SBUX	New	STARBUCKS CORP	$1,193,000	–	10,667	–	0.22%	–
WFC	New	WELLS FARGO & CO NEW	$1,186,000	–	26,196	–	0.22%	–
GBCI	New	GLACIER BANCORP INC-NEW	$1,157,000	–	20,999	–	0.21%	–
CVX	New	CHEVRON CORPORATION	$1,076,000	–	10,277	–	0.20%	–
SPY	New	VANGUARD TOTAL STOCK MARKET ETFtr unit	$1,062,000	–	3,443	–	0.19%	–
TSLA	New	TESLA MOTORS INC COM	$995,000	–	1,464	–	0.18%	–
VZ	New	VERIZON COMMUNICATIONS INC	$981,000	–	17,512	–	0.18%	–
BRKA	New	BERKSHIRE HATHAWAY INC-DEL CLcl a	$837,000	–	2	–	0.15%	–
FRFHF	New	FAIRFAX FINANCIAL	$755,000	–	1,742	–	0.14%	–
CERN	New	CERNER CORP	$633,000	–	8,093	–	0.12%	–
ROL	New	ROLLINS INC	$583,000	–	17,056	–	0.11%	–
CL	New	COLGATE PALMOLIVE CO	$470,000	–	5,781	–	0.08%	–
SEIC	New	SEI INVESTMENTS CO	$447,000	–	7,211	–	0.08%	–
USB	New	US BANCORP DEL	$439,000	–	7,702	–	0.08%	–
KO	New	COCA COLA CO	$423,000	–	7,811	–	0.08%	–
TGT	New	TARGET CORP	$422,000	–	1,745	–	0.08%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRUSTtr unit	$341,000	–	694	–	0.06%	–
JNJ	New	JOHNSON & JOHNSON	$326,000	–	1,982	–	0.06%	–
ADBE	New	ADOBE SYSTEMS INC COM	$322,000	–	550	–	0.06%	–
LB	New	L BRANDS INC	$315,000	–	4,370	–	0.06%	–
CR	New	CRANE CO	$296,000	–	3,202	–	0.05%	–
AMZN	New	AMAZON.COM INC COM	$289,000	–	84	–	0.05%	–
IWM	New	ISHARES RUSSELL 2000 IDX FUNDtr unit	$285,000	–	1,242	–	0.05%	–
TNC	New	TENNANT CO	$254,000	–	3,183	–	0.05%	–
BA	New	BOEING CO	$250,000	–	1,044	–	0.04%	–
	New	VESTAS WIND SYSTEM DKK1	$240,000	–	6,000	–	0.04%	–
GOOGL	New	GOOGLE INC	$237,000	–	97	–	0.04%	–
NOC	New	NORTHROP GRUMMAN CORP COM	$219,000	–	601	–	0.04%	–
DIS	New	WALT DISNEY CO HOLDING CO	$209,000	–	1,191	–	0.04%	–
PG	New	PROCTER & GAMBLE CO	$200,000	–	1,486	–	0.04%	–
VWDRY	New	VESTAS WIND SYSTEMS COM	$192,000	–	15,000	–	0.04%	–
PH	New	PARKER-HANNIFIN CORP	$46,000	–	150	–	0.01%	–
SNDL	New	SUNDIAL GROWERS INC	$33,000	–	35,100	–	0.01%	–

Q4 2020

			Value		Shares		↓ Weighting
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRUSTtr unit	$0	–	-694	–	-0.07%	–
AMZN	Exit	AMAZON.COM INC COM	$0	–	-81	–	-0.07%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-1,866	–	-0.07%	–
ADBE	Exit	ADOBE SYSTEMS INC COM	$0	–	-550	–	-0.08%	–
TGT	Exit	TARGET CORP	$0	–	-1,745	–	-0.08%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-5,920	–	-0.08%	–
SPY	Exit	VANGUARD TOTAL STOCK MARKET ETFtr unit	$0	–	-2,005	–	-0.10%	–
SEIC	Exit	SEI INVESTMENTS CO	$0	–	-7,211	–	-0.10%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-6,581	–	-0.11%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-2,632	–	-0.11%	–
MKL	Exit	MARKEL CP	$0	–	-452	–	-0.12%	–
KO	Exit	COCA COLA CO	$0	–	-9,092	–	-0.12%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-6,031	–	-0.13%	–
USB	Exit	US BANCORP DEL	$0	–	-13,471	–	-0.14%	–
FRFHF	Exit	FAIRFAX FINANCIAL	$0	–	-1,913	–	-0.16%	–
CERN	Exit	CERNER CORP	$0	–	-8,123	–	-0.16%	–
GNTX	Exit	GENTEX CORP	$0	–	-23,604	–	-0.17%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC-DEL CLcl a	$0	–	-2	–	-0.18%	–
TSLA	Exit	TESLA MOTORS INC COM	$0	–	-1,500	–	-0.18%	–
GBCI	Exit	GLACIER BANCORP INC-NEW	$0	–	-21,076	–	-0.19%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-11,000	–	-0.22%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-34,346	–	-0.23%	–
ROL	Exit	ROLLINS INC	$0	–	-14,996	–	-0.23%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-10,640	–	-0.26%	–
KE	Exit	KIMBALL ELECTRONICS	$0	–	-88,941	–	-0.29%	–
TILE	Exit	INTERFACE INC	$0	–	-175,792	–	-0.30%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-55,234	–	-0.37%	–
	Exit	CHIPOTLE MEXICAN GRILL	$0	–	-1,309	–	-0.46%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-20,711	–	-0.56%	–
MCD	Exit	MCDONALDS CORP	$0	–	-11,812	–	-0.72%	–
NVST	Exit	ENVISTA	$0	–	-142,587	–	-0.98%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-17,210	–	-1.01%	–
IIVI	Exit	II-VI INC	$0	–	-99,858	–	-1.13%	–
EXPD	Exit	EXPEDITORS INTERNATIONAL OF WA	$0	–	-48,921	–	-1.24%	–
VOO	Exit	VANGUARD S&P 500 ETF	$0	–	-14,508	–	-1.25%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-39,631	–	-1.28%	–
YRCW	Exit	YRC WORLDWIDE INC	$0	–	-1,210,465	–	-1.33%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-772,439	–	-1.34%	–
CIEN	Exit	CIENA CORPORATION	$0	–	-121,438	–	-1.35%	–
NUE	Exit	NUCOR CORP	$0	–	-151,146	–	-1.90%	–
TEX	Exit	TEREX CORP NEW	$0	–	-389,936	–	-2.11%	–
CFX	Exit	COLFAX CORP COM	$0	–	-249,460	–	-2.19%	–
NATI	Exit	NATIONAL INSTRUMENTS CORP	$0	–	-288,085	–	-2.87%	–
MLHR	Exit	HERMAN MILLER INC	$0	–	-400,734	–	-3.38%	–
GLW	Exit	CORNING INC	$0	–	-397,386	–	-3.60%	–
LITE	Exit	LUMENTUM HLDGS INC	$0	–	-174,716	–	-3.67%	–
MTW	Exit	MANITOWOC INC COM	$0	–	-1,826,853	–	-4.29%	–
GPN	Exit	GLOBAL PAYMENTS INC	$0	–	-88,253	–	-4.38%	–
TCS	Exit	CONTAINER STORE GROUP INC COM	$0	–	-2,543,356	–	-4.41%	–
JOE	Exit	ST JOE CP COM	$0	–	-794,423	–	-4.58%	–
ROG	Exit	ROGERS CORP	$0	–	-167,667	–	-4.60%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CL B	$0	–	-78,190	–	-4.65%	–
LUMN	Exit	LUMEN TECHNOLOGIES INC	$0	–	-2,086,828	–	-5.88%	–
DHR	Exit	DANAHER CORP DEL COM	$0	–	-130,171	–	-7.83%	–
COST	Exit	COSTCO WHOLESALE CORP-NEW	$0	–	-79,122	–	-7.85%	–
CGNX	Exit	COGNEX CORP	$0	–	-825,923	–	-14.86%	–

Q3 2020

			Value		Shares		↓ Weighting
CGNX	Sell	COGNEX CORP	$53,168,000	+6.5%	825,923	-1.2%	14.86%	-0.5%
COST	Sell	COSTCO WHOLESALE CORP-NEW	$28,088,000	+13.8%	79,122	-2.8%	7.85%	+6.3%
DHR	Sell	DANAHER CORP DEL COM	$28,030,000	+20.7%	130,171	-0.9%	7.83%	+12.7%
LUMN	Buy	LUMEN TECHNOLOGIES INC	$21,056,000	+10.6%	2,086,828	+10.0%	5.88%	+3.3%
BRKB	Buy	BERKSHIRE HATHAWAY INC CL B	$16,650,000	+23.8%	78,190	+3.8%	4.65%	+15.6%
ROG	Sell	ROGERS CORP	$16,441,000	-32.1%	167,667	-13.7%	4.60%	-36.6%
JOE	Buy	ST JOE CP COM	$16,389,000	+8.9%	794,423	+2.5%	4.58%	+1.6%
TCS	Sell	CONTAINER STORE GROUP INC COM	$15,794,000	+86.5%	2,543,356	-2.7%	4.41%	+74.1%
GPN	Sell	GLOBAL PAYMENTS INC	$15,672,000	-0.8%	88,253	-5.3%	4.38%	-7.4%
MTW	Buy	MANITOWOC INC COM	$15,364,000	-6.1%	1,826,853	+21.5%	4.29%	-12.3%
LITE	Sell	LUMENTUM HLDGS INC	$13,126,000	-16.1%	174,716	-9.0%	3.67%	-21.6%
GLW	Sell	CORNING INC	$12,879,000	+23.3%	397,386	-1.5%	3.60%	+15.1%
MLHR	Buy	HERMAN MILLER INC	$12,086,000	+43.1%	400,734	+12.0%	3.38%	+33.6%
NATI	Sell	NATIONAL INSTRUMENTS CORP	$10,285,000	-8.6%	288,085	-0.9%	2.87%	-14.7%
CFX	Buy	COLFAX CORP COM	$7,823,000	+13.6%	249,460	+1.1%	2.19%	+6.1%
TEX	Sell	TEREX CORP NEW	$7,549,000	-1.1%	389,936	-4.1%	2.11%	-7.6%
NUE	Sell	NUCOR CORP	$6,780,000	+7.3%	151,146	-0.9%	1.90%	+0.3%
CIEN	Buy	CIENA CORPORATION	$4,820,000	-12.7%	121,438	+19.1%	1.35%	-18.5%
GE	Buy	GENERAL ELECTRIC CO	$4,812,000	+19.5%	772,439	+31.0%	1.34%	+11.5%
YRCW	Sell	YRC WORLDWIDE INC	$4,745,000	+12.4%	1,210,465	-47.0%	1.33%	+4.9%
AAPL	Buy	APPLE COMPUTER INC	$4,590,000	+27.3%	39,631	+300.9%	1.28%	+18.9%
VOO	Buy	VANGUARD S&P 500 ETF	$4,463,000	+29.9%	14,508	+19.7%	1.25%	+21.3%
EXPD	Sell	EXPEDITORS INTERNATIONAL OF WA	$4,428,000	+7.4%	48,921	-9.7%	1.24%	+0.3%
IIVI	Buy	II-VI INC	$4,050,000	+0.4%	99,858	+16.9%	1.13%	-6.2%
MSFT	Sell	MICROSOFT CORP	$3,620,000	+2.3%	17,210	-1.0%	1.01%	-4.4%
NVST	Sell	ENVISTA	$3,519,000	+17.0%	142,587	-0.0%	0.98%	+9.2%
MCD	Sell	MCDONALDS CORP	$2,593,000	+18.5%	11,812	-0.4%	0.72%	+10.7%
JPM	Sell	JPMORGAN CHASE & CO	$1,994,000	-8.7%	20,711	-10.8%	0.56%	-14.7%
BAC	Buy	BANK OF AMERICA CORP	$1,331,000	+87.2%	55,234	+84.5%	0.37%	+74.6%
TILE	Buy	INTERFACE INC	$1,076,000	+13.5%	175,792	+51.0%	0.30%	+6.0%
KE	Buy	KIMBALL ELECTRONICS	$1,028,000	-11.7%	88,941	+3.5%	0.29%	-17.5%
SBUX	Buy	STARBUCKS CORP	$914,000	+16.9%	10,640	+0.1%	0.26%	+9.0%
ROL	Sell	ROLLINS INC	$813,000	+27.8%	14,996	-0.1%	0.23%	+19.5%
WFC	Sell	WELLS FARGO & CO NEW	$807,000	-17.5%	34,346	-10.1%	0.23%	-22.9%
CVX	Buy	CHEVRON CORPORATION	$792,000	-18.4%	11,000	+1.1%	0.22%	-23.8%
GBCI	Buy	GLACIER BANCORP INC-NEW	$675,000	-8.8%	21,076	+0.5%	0.19%	-14.5%
TSLA	Buy	TESLA MOTORS INC COM	$644,000	+99.4%	1,500	+400.0%	0.18%	+85.6%
BRKA	Sell	BERKSHIRE HATHAWAY INC-DEL CLcl a	$640,000	-40.1%	2	-50.0%	0.18%	-44.1%
FRFHF	Buy	FAIRFAX FINANCIAL	$561,000	-3.8%	1,913	+1.3%	0.16%	-9.8%
CL	Sell	COLGATE PALMOLIVE CO	$465,000	+3.1%	6,031	-2.1%	0.13%	-3.7%
KO	Sell	COCA COLA CO	$449,000	+9.5%	9,092	-1.1%	0.12%	+1.6%
MKL	Sell	MARKEL CP	$440,000	-61.1%	452	-63.2%	0.12%	-63.7%
JNJ	Sell	JOHNSON & JOHNSON	$392,000	+0.3%	2,632	-5.4%	0.11%	-6.0%
VZ	Sell	VERIZON COMMUNICATIONS INC	$392,000	+7.7%	6,581	-0.4%	0.11%	+0.9%
SPY	Buy	VANGUARD TOTAL STOCK MARKET ETFtr unit	$342,000	-25.5%	2,005	+34.7%	0.10%	-29.9%
PG	Sell	PROCTER & GAMBLE CO	$259,000	+10.2%	1,866	-5.1%	0.07%	+2.9%
AMZN	Sell	AMAZON.COM INC COM	$255,000	+1.6%	81	-11.0%	0.07%	-5.3%
GAB	Exit	GABELLI EQUITY TRUST INC	$0	–	-10,107	–	-0.02%	–
BA	Exit	BOEING CO	$0	–	-1,098	–	-0.06%	–
TNC	Exit	TENNANT CO COM	$0	–	-3,183	–	-0.06%	–

Q2 2020

			Value		Shares		↓ Weighting
CGNX	New	COGNEX CORP	$49,902,000	–	835,614	–	14.94%	–
COST	New	COSTCO WHOLESALE CORP-NEW	$24,675,000	–	81,381	–	7.38%	–
ROG	New	ROGERS CORP	$24,215,000	–	194,349	–	7.25%	–
DHR	New	DANAHER CORP DEL COM	$23,216,000	–	131,293	–	6.95%	–
LUMN	New	CENTURY TEL ENTERPRISES INC CO	$19,031,000	–	1,897,450	–	5.70%	–
MTW	New	MANITOWOC INC COM	$16,358,000	–	1,503,499	–	4.90%	–
GPN	New	GLOBAL PAYMENTS INC	$15,800,000	–	93,153	–	4.73%	–
LITE	New	LUMENTUM HLDGS INC	$15,638,000	–	192,049	–	4.68%	–
JOE	New	ST JOE CP COM	$15,056,000	–	775,283	–	4.51%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B	$13,451,000	–	75,356	–	4.03%	–
NATI	New	NATIONAL INSTRUMENTS CORP	$11,254,000	–	290,741	–	3.37%	–
GLW	New	CORNING INC	$10,444,000	–	403,253	–	3.13%	–
TCS	New	CONTAINER STORE GROUP INC COM	$8,469,000	–	2,614,051	–	2.54%	–
MLHR	New	HERMAN MILLER INC	$8,446,000	–	357,759	–	2.53%	–
TEX	New	TEREX CORP NEW	$7,631,000	–	406,581	–	2.28%	–
CFX	New	COLFAX CORP COM	$6,884,000	–	246,740	–	2.06%	–
NUE	New	NUCOR CORP	$6,316,000	–	152,543	–	1.89%	–
CIEN	New	CIENA CORPORATION	$5,520,000	–	101,922	–	1.65%	–
YRCW	New	YRC WORLDWIDE INC	$4,223,000	–	2,283,162	–	1.26%	–
EXPD	New	EXPEDITORS INTERNATIONAL OF WA	$4,121,000	–	54,205	–	1.23%	–
IIVI	New	II-VI INC	$4,032,000	–	85,407	–	1.21%	–
GE	New	GENERAL ELECTRIC CO	$4,028,000	–	589,759	–	1.21%	–
AAPL	New	APPLE COMPUTER INC	$3,606,000	–	9,886	–	1.08%	–
MSFT	New	MICROSOFT CORP	$3,539,000	–	17,392	–	1.06%	–
VOO	New	VANGUARD S&P 500 ETF	$3,436,000	–	12,124	–	1.03%	–
NVST	New	ENVISTA	$3,008,000	–	142,627	–	0.90%	–
MCD	New	MCDONALDS CORP	$2,188,000	–	11,861	–	0.66%	–
JPM	New	JPMORGAN CHASE & CO	$2,183,000	–	23,211	–	0.65%	–
	New	CHIPOTLE MEXICAN GRILL	$1,378,000	–	1,309	–	0.41%	–
KE	New	KIMBALL ELECTRONICS	$1,164,000	–	85,941	–	0.35%	–
MKL	New	MARKEL CP	$1,132,000	–	1,227	–	0.34%	–
BRKA	New	BERKSHIRE HATHAWAY INC-DEL CLcl a	$1,069,000	–	4	–	0.32%	–
WFC	New	WELLS FARGO & CO NEW	$978,000	–	38,220	–	0.29%	–
CVX	New	CHEVRON CORPORATION	$970,000	–	10,875	–	0.29%	–
TILE	New	INTERFACE INC	$948,000	–	116,417	–	0.28%	–
SBUX	New	STARBUCKS CORP	$782,000	–	10,629	–	0.23%	–
GBCI	New	GLACIER BANCORP INC-NEW	$740,000	–	20,976	–	0.22%	–
BAC	New	BANK OF AMERICA CORP	$711,000	–	29,937	–	0.21%	–
ROL	New	ROLLINS INC	$636,000	–	15,005	–	0.19%	–
GNTX	New	GENTEX CORP	$608,000	–	23,604	–	0.18%	–
FRFHF	New	FAIRFAX FINANCIAL	$583,000	–	1,888	–	0.17%	–
CERN	New	CERNER CORP	$556,000	–	8,123	–	0.17%	–
USB	New	US BANCORP DEL	$496,000	–	13,471	–	0.15%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$459,000	–	1,488	–	0.14%	–
CL	New	COLGATE PALMOLIVE CO	$451,000	–	6,159	–	0.14%	–
KO	New	COCA COLA CO	$410,000	–	9,192	–	0.12%	–
SEIC	New	SEI INVESTMENTS CO	$396,000	–	7,211	–	0.12%	–
JNJ	New	JOHNSON & JOHNSON	$391,000	–	2,781	–	0.12%	–
VZ	New	VERIZON COMMUNICATIONS INC	$364,000	–	6,606	–	0.11%	–
TSLA	New	TESLA MOTORS INC COM	$323,000	–	300	–	0.10%	–
CPB	New	CAMPBELL SOUP CO	$293,000	–	5,920	–	0.09%	–
AMZN	New	AMAZON.COM INC COM	$251,000	–	91	–	0.08%	–
ADBE	New	ADOBE SYSTEMS INC COM	$239,000	–	550	–	0.07%	–
PG	New	PROCTER & GAMBLE CO	$235,000	–	1,966	–	0.07%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRUSTtr unit	$225,000	–	694	–	0.07%	–
TGT	New	TARGET CORP	$209,000	–	1,745	–	0.06%	–
TNC	New	TENNANT CO COM	$206,000	–	3,183	–	0.06%	–
BA	New	BOEING CO	$201,000	–	1,098	–	0.06%	–
GAB	New	GABELLI EQUITY TRUST INC	$50,000	–	10,107	–	0.02%	–

Q4 2019

			Value		Shares		↓ Weighting
GAB	Exit	GABELLI EQUITY TRUST INC	$0	–	-11,663	–	-0.02%	–
ESCC	Exit	EVANS & SUTHERLAND COMPUTER CO	$0	–	-213,744	–	-0.04%	–
PFE	Exit	PFIZER INC	$0	–	-5,637	–	-0.06%	–
MMM	Exit	3M COMPANY	$0	–	-1,316	–	-0.06%	–
T	Exit	AT&T INC	$0	–	-6,248	–	-0.07%	–
CR	Exit	CRANE CO	$0	–	-3,202	–	-0.07%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-2,141	–	-0.08%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-5,920	–	-0.08%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRUSTs&pdcrp	$0	–	-794	–	-0.08%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-7,043	–	-0.12%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-6,277	–	-0.13%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,427	–	-0.13%	–
SEIC	Exit	SEI INVESTMENTS CO	$0	–	-7,611	–	-0.13%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-3,096	–	-0.13%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-6,518	–	-0.14%	–
KO	Exit	COCA COLA CO	$0	–	-9,267	–	-0.14%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,714	–	-0.14%	–
CERN	Exit	CERNER CORP	$0	–	-8,140	–	-0.16%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-21,730	–	-0.18%	–
GNTX	Exit	GENTEX CORP	$0	–	-23,604	–	-0.18%	–
KE	Exit	KIMBALL ELECTRONICS	$0	–	-50,065	–	-0.21%	–
BA	Exit	BOEING CO	$0	–	-1,913	–	-0.21%	–
ROL	Exit	ROLLINS INC	$0	–	-22,780	–	-0.22%	–
GBCI	Exit	GLACIER BANCORP INC-NEW	$0	–	-20,776	–	-0.24%	–
USB	Exit	US BANCORP DEL	$0	–	-15,960	–	-0.25%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-11,918	–	-0.30%	–
	Exit	CHIPOTLE MEXICAN GRILL	$0	–	-1,389	–	-0.33%	–
FRFHF	Exit	FAIRFAX FINANCIAL	$0	–	-2,665	–	-0.34%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC-DEL CLcl a	$0	–	-4	–	-0.36%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-11,511	–	-0.39%	–
VOO	Exit	VANGUARD S&P 500 ETF	$0	–	-5,209	–	-0.40%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-39,652	–	-0.57%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-10,369	–	-0.66%	–
MCD	Exit	MCDONALDS CORP	$0	–	-11,248	–	-0.69%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-18,123	–	-0.72%	–
IIVI	Exit	II-VI INC	$0	–	-71,903	–	-0.72%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-23,025	–	-0.77%	–
CIEN	Exit	CIENA CORPORATION	$0	–	-103,477	–	-1.16%	–
MKL	Exit	MARKEL CP	$0	–	-3,468	–	-1.17%	–
EXPD	Exit	EXPEDITORS INTERNATIONAL OF WA	$0	–	-65,968	–	-1.40%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-685,984	–	-1.75%	–
CFX	Exit	COLFAX CORP COM	$0	–	-238,639	–	-1.98%	–
NUE	Exit	NUCOR CORP	$0	–	-153,033	–	-2.22%	–
TCS	Exit	CONTAINER STORE GROUP INC COM	$0	–	-1,794,059	–	-2.26%	–
TEX	Exit	TEREX CORP NEW	$0	–	-425,811	–	-3.15%	–
GLW	Exit	CORNING INC	$0	–	-411,678	–	-3.34%	–
NATI	Exit	NATIONAL INSTRUMENTS CORP	$0	–	-293,653	–	-3.51%	–
YRCW	Exit	YRC WORLDWIDE INC	$0	–	-4,088,715	–	-3.52%	–
LITE	Exit	LUMENTUM HLDGS INC	$0	–	-234,493	–	-3.58%	–
JOE	Exit	ST JOE CP COM	$0	–	-756,461	–	-3.69%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CL B	$0	–	-62,498	–	-3.70%	–
MTW	Exit	MANITOWOC INC COM	$0	–	-1,165,758	–	-4.15%	–
MLHR	Exit	HERMAN MILLER INC	$0	–	-318,159	–	-4.18%	–
GPN	Exit	GLOBAL PAYMENTS INC	$0	–	-113,250	–	-5.13%	–
DHR	Exit	DANAHER CORP DEL COM	$0	–	-135,878	–	-5.59%	–
LUMN	Exit	CENTURY TEL ENTERPRISES INC CO	$0	–	-1,751,347	–	-6.22%	–
COST	Exit	COSTCO WHOLESALE CORP-NEW	$0	–	-87,557	–	-7.18%	–
ROG	Exit	ROGERS CORP	$0	–	-248,054	–	-9.66%	–
CGNX	Exit	COGNEX CORP	$0	–	-854,989	–	-11.96%	–

Q3 2019

			Value		Shares		↓ Weighting
CGNX	Sell	COGNEX CORP	$42,006,000	+0.9%	854,989	-1.4%	11.96%	+10.3%
ROG	Sell	ROGERS CORP	$33,911,000	-22.4%	248,054	-2.1%	9.66%	-15.2%
COST	Sell	COSTCO WHOLESALE CORP-NEW	$25,226,000	-0.0%	87,557	-8.3%	7.18%	+9.2%
LUMN	Sell	CENTURY TEL ENTERPRISES INC CO	$21,857,000	+1.2%	1,751,347	-4.7%	6.22%	+10.5%
DHR	Sell	DANAHER CORP DEL COM	$19,625,000	-3.9%	135,878	-4.9%	5.59%	+5.0%
GPN	New	GLOBAL PAYMENTS INC	$18,007,000	–	113,250	–	5.13%	–
MLHR	Sell	HERMAN MILLER INC	$14,664,000	+2.0%	318,159	-1.0%	4.18%	+11.5%
MTW	Buy	MANITOWOC INC COM	$14,572,000	-23.2%	1,165,758	+9.4%	4.15%	-16.0%
BRKB	Buy	BERKSHIRE HATHAWAY INC CL B	$13,001,000	-1.5%	62,498	+0.9%	3.70%	+7.6%
JOE	Sell	ST JOE CP COM	$12,958,000	-3.8%	756,461	-3.0%	3.69%	+5.1%
LITE	Sell	LUMENTUM HLDGS INC	$12,559,000	+0.0%	234,493	-0.2%	3.58%	+9.3%
YRCW	Buy	YRC WORLDWIDE INC	$12,348,000	-12.5%	4,088,715	+16.8%	3.52%	-4.4%
NATI	Buy	NATIONAL INSTRUMENTS CORP	$12,330,000	+3.5%	293,653	+3.5%	3.51%	+13.1%
GLW	Buy	CORNING INC	$11,741,000	-12.7%	411,678	+5.2%	3.34%	-4.6%
TEX	Sell	TEREX CORP NEW	$11,058,000	-19.0%	425,811	-2.0%	3.15%	-11.4%
TCS	Buy	CONTAINER STORE GROUP INC COM	$7,930,000	-25.6%	1,794,059	+23.1%	2.26%	-18.7%
NUE	Sell	NUCOR CORP	$7,791,000	-9.0%	153,033	-1.5%	2.22%	-0.6%
CFX	Buy	COLFAX CORP COM	$6,935,000	+30.3%	238,639	+25.7%	1.98%	+42.3%
GE	Buy	GENERAL ELECTRIC CO	$6,133,000	+27.3%	685,984	+49.5%	1.75%	+39.2%
EXPD	Sell	EXPEDITORS INTERNATIONAL OF WA	$4,901,000	-36.0%	65,968	-34.6%	1.40%	-30.0%
MKL	Buy	MARKEL CP	$4,099,000	+9.8%	3,468	+1.3%	1.17%	+20.0%
CIEN	Sell	CIENA CORPORATION	$4,059,000	-6.9%	103,477	-2.4%	1.16%	+1.8%
JPM	Buy	JPMORGAN CHASE & CO	$2,710,000	+72.3%	23,025	+63.7%	0.77%	+88.3%
IIVI	New	II-VI INC	$2,532,000	–	71,903	–	0.72%	–
MSFT	Buy	MICROSOFT CORP	$2,520,000	+13.2%	18,123	+9.0%	0.72%	+23.6%
MCD	Buy	MCDONALDS CORP	$2,415,000	+4.3%	11,248	+0.9%	0.69%	+14.1%
AAPL	Buy	APPLE COMPUTER INC	$2,322,000	+13.9%	10,369	+0.6%	0.66%	+24.2%
WFC	Buy	WELLS FARGO & CO NEW	$2,000,000	+9.1%	39,652	+2.3%	0.57%	+19.2%
VOO	Buy	VANGUARD S&P 500 ETF	$1,420,000	+1.4%	5,209	+0.2%	0.40%	+10.7%
CVX	Buy	CHEVRON CORPORATION	$1,365,000	-4.6%	11,511	+0.1%	0.39%	+4.3%
FRFHF	Sell	FAIRFAX FINANCIAL	$1,175,000	-11.7%	2,665	-1.8%	0.34%	-3.5%
SBUX	Sell	STARBUCKS CORP	$1,054,000	+3.5%	11,918	-1.8%	0.30%	+13.2%
USB	Buy	US BANCORP DEL	$883,000	+7.3%	15,960	+1.6%	0.25%	+17.2%
GBCI	Sell	GLACIER BANCORP INC-NEW	$841,000	-1.2%	20,776	-1.0%	0.24%	+8.1%
BA	Buy	BOEING CO	$728,000	+57.6%	1,913	+50.7%	0.21%	+72.5%
KE	Buy	KIMBALL ELECTRONICS	$726,000	+31.5%	50,065	+47.2%	0.21%	+43.8%
BAC	Sell	BANK OF AMERICA CORP	$634,000	-0.3%	21,730	-0.9%	0.18%	+9.0%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$509,000	+0.2%	1,714	-1.2%	0.14%	+9.8%
KO	Sell	COCA COLA CO	$504,000	+5.9%	9,267	-0.8%	0.14%	+16.1%
CL	Sell	COLGATE PALMOLIVE CO	$479,000	+0.4%	6,518	-2.1%	0.14%	+9.7%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$467,000	-3.7%	3,096	-4.2%	0.13%	+5.6%
SEIC	Sell	SEI INVESTMENTS CO	$451,000	+5.4%	7,611	-0.2%	0.13%	+14.3%
XOM	Buy	EXXON MOBIL CORP	$443,000	-7.9%	6,277	+0.0%	0.13%	+0.8%
VZ	Sell	VERIZON COMMUNICATIONS INC	$425,000	+4.4%	7,043	-1.1%	0.12%	+14.2%
T	Sell	AT&T INC	$236,000	+7.8%	6,248	-4.5%	0.07%	+17.5%
MMM	Sell	3M COMPANY	$216,000	-20.0%	1,316	-15.5%	0.06%	-11.4%
FNSR	Exit	FINISAR CORPORATION COM	$0	–	-337,405	–	-2.01%	–
TSS	Exit	TOTAL SYS SVCS INC COM	$0	–	-187,324	–	-6.26%	–

Q2 2019

			Value		Shares		↓ Weighting
ROG	New	ROGERS CORP	$43,716,000	–	253,307	–	11.40%	–
CGNX	New	COGNEX CORP	$41,622,000	–	867,494	–	10.85%	–
COST	New	COSTCO WHOLESALE CORP-NEW	$25,231,000	–	95,479	–	6.58%	–
TSS	New	TOTAL SYS SVCS INC COM	$24,028,000	–	187,324	–	6.26%	–
LUMN	New	CENTURY TEL ENTERPRISES INC CO	$21,602,000	–	1,836,918	–	5.63%	–
DHR	New	DANAHER CORP DEL COM	$20,417,000	–	142,855	–	5.32%	–
MTW	New	MANITOWOC INC COM	$18,967,000	–	1,065,422	–	4.94%	–
MLHR	New	HERMAN MILLER INC	$14,370,000	–	321,488	–	3.75%	–
YRCW	New	YRC WORLDWIDE INC	$14,108,000	–	3,500,762	–	3.68%	–
TEX	New	TEREX CORP NEW	$13,647,000	–	434,617	–	3.56%	–
JOE	New	ST JOE CP COM	$13,470,000	–	779,510	–	3.51%	–
GLW	New	CORNING INC	$13,442,000	–	391,226	–	3.50%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B	$13,200,000	–	61,923	–	3.44%	–
LITE	New	LUMENTUM HLDGS INC	$12,554,000	–	235,049	–	3.27%	–
NATI	New	NATIONAL INSTRUMENTS CORP	$11,917,000	–	283,810	–	3.11%	–
TCS	New	CONTAINER STORE GROUP INC COM	$10,664,000	–	1,456,845	–	2.78%	–
NUE	New	NUCOR CORP	$8,562,000	–	155,386	–	2.23%	–
FNSR	New	FINISAR CORPORATION COM	$7,716,000	–	337,405	–	2.01%	–
EXPD	New	EXPEDITORS INTERNATIONAL OF WA	$7,653,000	–	100,886	–	2.00%	–
CFX	New	COLFAX CORP COM	$5,323,000	–	189,897	–	1.39%	–
GE	New	GENERAL ELECTRIC CO	$4,816,000	–	458,706	–	1.26%	–
CIEN	New	CIENA CORPORATION	$4,359,000	–	105,977	–	1.14%	–
MKL	New	MARKEL CP	$3,732,000	–	3,425	–	0.97%	–
MCD	New	MCDONALDS CORP	$2,315,000	–	11,148	–	0.60%	–
MSFT	New	MICROSOFT CORP	$2,227,000	–	16,623	–	0.58%	–
AAPL	New	APPLE COMPUTER INC	$2,039,000	–	10,304	–	0.53%	–
WFC	New	WELLS FARGO & CO NEW	$1,834,000	–	38,753	–	0.48%	–
JPM	New	JPMORGAN CHASE & CO FORMERLY J	$1,573,000	–	14,068	–	0.41%	–
CVX	New	CHEVRON CORPORATION	$1,431,000	–	11,499	–	0.37%	–
VOO	New	VANGUARD S&P 500 ETF	$1,400,000	–	5,201	–	0.36%	–
FRFHF	New	FAIRFAX FINANCIAL	$1,330,000	–	2,715	–	0.35%	–
BRKA	New	BERKSHIRE HATHAWAY INC-DEL CLcl a	$1,273,000	–	4	–	0.33%	–
	New	CHIPOTLE MEXICAN GRILL	$1,018,000	–	1,389	–	0.26%	–
SBUX	New	STARBUCKS CORP	$1,018,000	–	12,138	–	0.26%	–
GBCI	New	GLACIER BANCORP INC-NEW	$851,000	–	20,995	–	0.22%	–
USB	New	US BANCORP DEL	$823,000	–	15,710	–	0.22%	–
ROL	New	ROLLINS INC	$817,000	–	22,780	–	0.21%	–
BAC	New	BANK OF AMERICA CORP	$636,000	–	21,934	–	0.17%	–
CERN	New	CERNER CORP	$597,000	–	8,140	–	0.16%	–
GNTX	New	GENTEX CORP	$581,000	–	23,604	–	0.15%	–
KE	New	KIMBALL ELECTRONICS	$552,000	–	34,015	–	0.14%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$508,000	–	1,734	–	0.13%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$485,000	–	3,231	–	0.13%	–
XOM	New	EXXON MOBIL CORP	$481,000	–	6,276	–	0.12%	–
JNJ	New	JOHNSON & JOHNSON	$477,000	–	3,427	–	0.12%	–
CL	New	COLGATE PALMOLIVE CO	$477,000	–	6,657	–	0.12%	–
KO	New	COCA COLA CO	$476,000	–	9,342	–	0.12%	–
BA	New	BOEING CO	$462,000	–	1,269	–	0.12%	–
SEIC	New	SEI INVESTMENTS CO	$428,000	–	7,626	–	0.11%	–
VZ	New	VERIZON COMMUNICATIONS INC	$407,000	–	7,124	–	0.11%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRUSTs&pdcrp	$282,000	–	794	–	0.07%	–
CR	New	CRANE CO	$267,000	–	3,202	–	0.07%	–
MMM	New	3M COMPANY	$270,000	–	1,558	–	0.07%	–
PFE	New	PFIZER INC	$244,000	–	5,637	–	0.06%	–
CPB	New	CAMPBELL SOUP CO	$237,000	–	5,920	–	0.06%	–
PG	New	PROCTER & GAMBLE CO	$235,000	–	2,141	–	0.06%	–
T	New	AT&T INC	$219,000	–	6,542	–	0.06%	–
ESCC	New	EVANS & SUTHERLAND COMPUTER CO	$171,000	–	213,744	–	0.04%	–
GAB	New	GABELLI EQUITY TRUST INC	$72,000	–	11,663	–	0.02%	–

Q4 2018

			Value		Shares		↓ Weighting
SESN	Exit	SESEN BIO INC	$0	–	-27,000	–	-0.02%	–
GAB	Exit	GABELLI EQUITY TRUST INC	$0	–	-11,663	–	-0.03%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,773	–	-0.08%	–
PFE	Exit	PFIZER INC	$0	–	-5,637	–	-0.08%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-5,322	–	-0.09%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRUST	$0	–	-794	–	-0.10%	–
T	Exit	AT&T INC	$0	–	-9,371	–	-0.11%	–
CR	Exit	CRANE CO	$0	–	-3,202	–	-0.11%	–
AMGN	Exit	AMGEN INC	$0	–	-1,600	–	-0.11%	–
ROST	Exit	ROSS STORES INC COM	$0	–	-3,700	–	-0.13%	–
JPM	Exit	JPMORGAN CHASE & CO FORMERLY J	$0	–	-3,357	–	-0.13%	–
MMM	Exit	3M COMPANY	$0	–	-1,908	–	-0.14%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-8,110	–	-0.15%	–
KO	Exit	COCA COLA CO	$0	–	-9,641	–	-0.15%	–
BA	Exit	BOEING CO	$0	–	-1,269	–	-0.16%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-7,347	–	-0.17%	–
TCS	Exit	CONTAINER STORE GROUP INC COM	$0	–	-44,730	–	-0.17%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,602	–	-0.17%	–
GNTX	Exit	GENTEX CORP	$0	–	-24,609	–	-0.18%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-6,273	–	-0.18%	–
TILE	Exit	INTERFACE INC COM	$0	–	-25,450	–	-0.20%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-21,859	–	-0.22%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-12,366	–	-0.24%	–
GBCI	Exit	GLACIER BANCORP INC-NEW	$0	–	-20,693	–	-0.31%	–
ROL	Exit	ROLLINS INC	$0	–	-15,187	–	-0.32%	–
MKL	Exit	MARKEL CP	$0	–	-816	–	-0.33%	–
USB	Exit	US BANCORP DEL	$0	–	-19,450	–	-0.35%	–
TBT	Exit	PROSHARES ULTRASHORT LEHMAN 20	$0	–	-26,945	–	-0.36%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC-DEL CLcl a	$0	–	-4	–	-0.44%	–
VOO	Exit	VANGUARD S&P 500 ETF	$0	–	-5,081	–	-0.47%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-37,888	–	-0.48%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-11,765	–	-0.50%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-84,413	–	-0.56%	–
MCD	Exit	MCDONALDS CORP	$0	–	-11,523	–	-0.66%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-17,743	–	-0.70%	–
LITE	Exit	LUMENTUM HLDGS INC	$0	–	-41,168	–	-0.85%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-48,004	–	-0.87%	–
CIEN	Exit	CIENA CORPORATION	$0	–	-89,318	–	-0.96%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-13,107	–	-1.02%	–
CFX	Exit	COLFAX CORP COM	$0	–	-117,611	–	-1.46%	–
OCLR	Exit	OCLARO INC COM	$0	–	-589,242	–	-1.81%	–
JOE	Exit	ST JOE CP COM	$0	–	-321,832	–	-1.86%	–
MTW	Exit	MANITOWOC INC COM	$0	–	-237,965	–	-1.96%	–
SEIC	Exit	SEI INVESTMENTS CO	$0	–	-105,161	–	-2.21%	–
FNSR	Exit	FINISAR CORPORATION COM	$0	–	-348,862	–	-2.29%	–
NUE	Exit	NUCOR CORP	$0	–	-123,625	–	-2.70%	–
CERN	Exit	CERNER CORP	$0	–	-131,436	–	-2.91%	–
MLHR	Exit	HERMAN MILLER INC	$0	–	-223,475	–	-2.95%	–
NATI	Exit	NATIONAL INSTRUMENTS CORP	$0	–	-211,818	–	-3.52%	–
YRCW	Exit	YRC WORLDWIDE INC	$0	–	-1,239,460	–	-3.83%	–
DHR	Exit	DANAHER CORP DEL COM	$0	–	-106,333	–	-3.98%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CL B	$0	–	-55,343	–	-4.08%	–
TEX	Exit	TEREX CORP NEW	$0	–	-297,604	–	-4.09%	–
EXPD	Exit	EXPEDITORS INTERNATIONAL OF WA	$0	–	-165,861	–	-4.20%	–
GLW	Exit	CORNING INC	$0	–	-361,810	–	-4.39%	–
TSS	Exit	TOTAL SYS SVCS INC COM	$0	–	-153,976	–	-5.23%	–
COST	Exit	COSTCO WHOLESALE CORP-NEW	$0	–	-77,756	–	-6.28%	–
LUMN	Exit	CENTURY TEL ENTERPRISES INC CO	$0	–	-956,774	–	-6.98%	–
ROG	Exit	ROGERS CORP	$0	–	-174,276	–	-8.83%	–
CGNX	Exit	COGNEX CORP	$0	–	-633,058	–	-12.16%	–

Q3 2018

			Value		Shares		↓ Weighting
CGNX	Sell	COGNEX CORP	$35,337,000	+24.9%	633,058	-0.2%	12.16%	+11.1%
ROG	Sell	ROGERS CORP	$25,674,000	+31.9%	174,276	-0.2%	8.83%	+17.3%
LUMN	Sell	CENTURY TEL ENTERPRISES INC CO	$20,284,000	+11.9%	956,774	-1.6%	6.98%	-0.5%
COST	Sell	COSTCO WHOLESALE CORP-NEW	$18,263,000	+10.6%	77,756	-1.6%	6.28%	-1.7%
TSS	Sell	TOTAL SYS SVCS INC COM	$15,204,000	+16.1%	153,976	-0.6%	5.23%	+3.3%
GLW	Sell	CORNING INC	$12,772,000	+27.7%	361,810	-0.5%	4.39%	+13.6%
EXPD	Sell	EXPEDITORS INTERNATIONAL OF WA	$12,196,000	-2.3%	165,861	-2.9%	4.20%	-13.1%
TEX	Buy	TEREX CORP NEW	$11,877,000	-4.3%	297,604	+1.2%	4.09%	-14.9%
BRKB	Sell	BERKSHIRE HATHAWAY INC CL B	$11,850,000	+13.6%	55,343	-1.0%	4.08%	+1.0%
DHR	Sell	DANAHER CORP DEL COM	$11,554,000	+9.1%	106,333	-0.9%	3.98%	-3.0%
YRCW	Buy	YRC WORLDWIDE INC	$11,130,000	+82.9%	1,239,460	+104.7%	3.83%	+62.7%
NATI	Sell	NATIONAL INSTRUMENTS CORP	$10,237,000	+14.5%	211,818	-0.5%	3.52%	+1.9%
MLHR	Sell	HERMAN MILLER INC	$8,581,000	+12.8%	223,475	-0.4%	2.95%	+0.3%
CERN	Sell	CERNER CORP	$8,466,000	-11.3%	131,436	-17.6%	2.91%	-21.1%
NUE	Sell	NUCOR CORP	$7,844,000	+1.3%	123,625	-0.2%	2.70%	-9.9%
FNSR	Sell	FINISAR CORPORATION COM	$6,646,000	-0.6%	348,862	-6.1%	2.29%	-11.6%
SEIC	Sell	SEI INVESTMENTS CO	$6,425,000	-5.2%	105,161	-3.0%	2.21%	-15.7%
MTW	Buy	MANITOWOC INC COM	$5,709,000	+482.6%	237,965	+527.9%	1.96%	+418.2%
JOE	Buy	ST JOE CP COM	$5,407,000	+3.5%	321,832	+10.5%	1.86%	-8.0%
OCLR	Sell	OCLARO INC COM	$5,268,000	-0.0%	589,242	-0.2%	1.81%	-11.1%
CFX	Sell	COLFAX CORP COM	$4,241,000	+15.5%	117,611	-1.8%	1.46%	+2.7%
AAPL	Buy	APPLE COMPUTER INC	$2,959,000	+32.6%	13,107	+8.7%	1.02%	+18.0%
CIEN	Sell	CIENA CORPORATION	$2,790,000	+14.7%	89,318	-2.7%	0.96%	+2.0%
WFC	Sell	WELLS FARGO & CO NEW	$2,523,000	-8.1%	48,004	-3.1%	0.87%	-18.3%
LITE	New	LUMENTUM HLDGS INC	$2,468,000	–	41,168	–	0.85%	–
MSFT	Sell	MICROSOFT CORP	$2,029,000	+15.7%	17,743	-0.2%	0.70%	+2.9%
MCD	Sell	MCDONALDS CORP	$1,928,000	+6.5%	11,523	-0.3%	0.66%	-5.4%
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$1,621,000	+352.8%	84,413	+3207.7%	0.56%	+304.3%
CVX	Sell	CHEVRON CORPORATION	$1,439,000	-3.4%	11,765	-0.2%	0.50%	-14.1%
CPB	Sell	CAMPBELL SOUP CO	$1,388,000	-77.1%	37,888	-74.7%	0.48%	-79.7%
VOO	Buy	VANGUARD S&P 500 ETF	$1,357,000	+8.6%	5,081	+1.4%	0.47%	-3.5%
TBT	Sell	PROSHARES ULTRASHORT LEHMAN 20	$1,033,000	-8.6%	26,945	-14.3%	0.36%	-18.8%
USB	Sell	US BANCORP DEL	$1,027,000	+4.6%	19,450	-0.9%	0.35%	-7.1%
MKL	New	MARKEL CP	$970,000	–	816	–	0.33%	–
GBCI	Buy	GLACIER BANCORP INC-NEW	$892,000	+11.8%	20,693	+0.3%	0.31%	-0.6%
SBUX	Sell	STARBUCKS CORP	$703,000	+13.2%	12,366	-2.7%	0.24%	+0.8%
BAC	Sell	BANK OF AMERICA CORP	$644,000	+4.4%	21,859	-0.2%	0.22%	-7.1%
TILE	Sell	INTERFACE INC COM	$594,000	+1.2%	25,450	-0.5%	0.20%	-10.1%
XOM	Sell	EXXON MOBIL CORP	$533,000	-28.8%	6,273	-30.7%	0.18%	-36.9%
GNTX	Sell	GENTEX CORP	$528,000	-90.1%	24,609	-89.4%	0.18%	-91.2%
TCS	Sell	CONTAINER STORE GROUP INC COM	$497,000	+32.2%	44,730	-0.1%	0.17%	+17.9%
JNJ	Sell	JOHNSON & JOHNSON	$498,000	+9.7%	3,602	-3.7%	0.17%	-2.8%
CL	Buy	COLGATE PALMOLIVE CO	$492,000	+4.5%	7,347	+1.0%	0.17%	-7.1%
BA	Sell	BOEING CO	$472,000	+9.5%	1,269	-1.2%	0.16%	-3.0%
KO	Sell	COCA COLA CO	$445,000	+4.2%	9,641	-1.0%	0.15%	-7.3%
VZ	Sell	VERIZON COMMUNICATIONS INC	$433,000	+4.6%	8,110	-1.5%	0.15%	-6.9%
JPM	Sell	JPMORGAN CHASE & CO FORMERLY J	$379,000	+10.8%	3,357	-10.2%	0.13%	-1.5%
AMGN	Sell	AMGEN INC	$332,000	+4.7%	1,600	-6.7%	0.11%	-7.3%
T	Sell	AT&T INC	$315,000	-14.6%	9,371	-18.4%	0.11%	-24.5%
MDY	New	SPDR S&P MIDCAP 400 ETF TRUST	$292,000	–	794	–	0.10%	–
CSCO	Buy	CISCO SYSTEMS INC	$259,000	+16.1%	5,322	+2.6%	0.09%	+3.5%
PFE	Sell	PFIZER INC	$248,000	+20.4%	5,637	-0.9%	0.08%	+6.2%
PM	Sell	PHILIP MORRIS INTL INC	$226,000	-1.7%	2,773	-2.8%	0.08%	-12.4%
GAB	New	GABELLI EQUITY TRUST INC	$76,000	–	11,663	–	0.03%	–
SESN	New	SESEN BIO INC	$58,000	–	27,000	–	0.02%	–
MRK	Exit	MERCK & CO INC	$0	–	-3,532	–	-0.08%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-3,105	–	-0.09%	–

Q2 2018

			Value		Shares		↓ Weighting
CGNX	New	COGNEX CORP	$28,297,000	–	634,322	–	10.95%	–
ROG	New	ROGERS CORP	$19,466,000	–	174,648	–	7.53%	–
LUMN	New	CENTURY TEL ENTERPRISES INC CO	$18,125,000	–	972,365	–	7.01%	–
COST	New	COSTCO WHOLESALE CORP-NEW	$16,516,000	–	79,030	–	6.39%	–
TSS	New	TOTAL SYS SVCS INC COM	$13,091,000	–	154,886	–	5.06%	–
EXPD	New	EXPEDITORS INTERNATIONAL OF WA	$12,483,000	–	170,766	–	4.83%	–
TEX	New	TEREX CORP NEW	$12,408,000	–	294,109	–	4.80%	–
DHR	New	DANAHER CORP DEL COM	$10,589,000	–	107,303	–	4.10%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B	$10,433,000	–	55,896	–	4.04%	–
GLW	New	CORNING INC	$10,002,000	–	363,589	–	3.87%	–
CERN	New	CERNER CORP	$9,541,000	–	159,572	–	3.69%	–
NATI	New	NATIONAL INSTRUMENTS CORP	$8,940,000	–	212,963	–	3.46%	–
NUE	New	NUCOR CORP	$7,744,000	–	123,910	–	3.00%	–
MLHR	New	HERMAN MILLER INC	$7,609,000	–	224,440	–	2.94%	–
SEIC	New	SEI INVESTMENTS CO	$6,780,000	–	108,456	–	2.62%	–
FNSR	New	FINISAR CORPORATION COM	$6,684,000	–	371,342	–	2.59%	–
YRCW	New	YRC WORLDWIDE INC	$6,086,000	–	605,550	–	2.35%	–
CPB	New	CAMPBELL SOUP CO	$6,074,000	–	149,826	–	2.35%	–
GNTX	New	GENTEX CORP	$5,345,000	–	232,186	–	2.07%	–
OCLR	New	OCLARO INC COM	$5,270,000	–	590,167	–	2.04%	–
JOE	New	ST JOE CP COM	$5,226,000	–	291,122	–	2.02%	–
CFX	New	COLFAX CORP COM	$3,673,000	–	119,821	–	1.42%	–
WFC	New	WELLS FARGO & CO NEW	$2,745,000	–	49,520	–	1.06%	–
CIEN	New	CIENA CORPORATION	$2,433,000	–	91,793	–	0.94%	–
AAPL	New	APPLE COMPUTER INC	$2,232,000	–	12,059	–	0.86%	–
MCD	New	MCDONALDS CORP	$1,811,000	–	11,557	–	0.70%	–
MSFT	New	MICROSOFT CORP	$1,753,000	–	17,779	–	0.68%	–
CVX	New	CHEVRON CORPORATION	$1,490,000	–	11,787	–	0.58%	–
VOO	New	VANGUARD S&P 500 ETF	$1,250,000	–	5,011	–	0.48%	–
TBT	New	PROSHARES ULTRASHORT LEHMAN 20	$1,130,000	–	31,445	–	0.44%	–
BRKA	New	BERKSHIRE HATHAWAY INC-DEL CLcl a	$1,128,000	–	4	–	0.44%	–
USB	New	US BANCORP DEL	$982,000	–	19,625	–	0.38%	–
MTW	New	MANITOWOC INC COM	$980,000	–	37,900	–	0.38%	–
ROL	New	ROLLINS INC	$799,000	–	15,187	–	0.31%	–
GBCI	New	GLACIER BANCORP INC-NEW	$798,000	–	20,622	–	0.31%	–
XOM	New	EXXON MOBIL CORP	$749,000	–	9,054	–	0.29%	–
SBUX	New	STARBUCKS CORP	$621,000	–	12,710	–	0.24%	–
BAC	New	BANK OF AMERICA CORP	$617,000	–	21,894	–	0.24%	–
TILE	New	INTERFACE INC COM	$587,000	–	25,575	–	0.23%	–
CL	New	COLGATE PALMOLIVE CO	$471,000	–	7,271	–	0.18%	–
JNJ	New	JOHNSON & JOHNSON	$454,000	–	3,740	–	0.18%	–
BA	New	BOEING CO	$431,000	–	1,284	–	0.17%	–
KO	New	COCA COLA CO	$427,000	–	9,741	–	0.16%	–
VZ	New	VERIZON COMMUNICATIONS INC	$414,000	–	8,234	–	0.16%	–
TCS	New	CONTAINER STORE GROUP INC COM	$376,000	–	44,755	–	0.14%	–
MMM	New	3M COMPANY	$375,000	–	1,908	–	0.14%	–
T	New	AT&T INC	$369,000	–	11,483	–	0.14%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$358,000	–	2,552	–	0.14%	–
JPM	New	JPMORGAN CHASE & CO FORMERLY J	$342,000	–	3,740	–	0.13%	–
AMGN	New	AMGEN INC	$317,000	–	1,715	–	0.12%	–
ROST	New	ROSS STORES INC COM	$314,000	–	3,700	–	0.12%	–
CR	New	CRANE CO	$257,000	–	3,202	–	0.10%	–
PG	New	PROCTER & GAMBLE CO	$242,000	–	3,105	–	0.09%	–
PM	New	PHILIP MORRIS INTL INC	$230,000	–	2,853	–	0.09%	–
CSCO	New	CISCO SYSTEMS INC	$223,000	–	5,185	–	0.09%	–
MRK	New	MERCK & CO INC	$214,000	–	3,532	–	0.08%	–
PFE	New	PFIZER INC	$206,000	–	5,687	–	0.08%	–

Q4 2017

			Value		Shares		↓ Weighting
TCS	Exit	CONTAINER STORE GROUP INC COM	$0	–	-24,190	–	-0.04%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-6,025	–	-0.07%	–
PFE	Exit	PFIZER INC	$0	–	-6,487	–	-0.08%	–
ROST	Exit	ROSS STORES INC COM	$0	–	-3,700	–	-0.09%	–
HSY	Exit	HERSHEY COMPANY (THE) FORMERLY	$0	–	-2,275	–	-0.09%	–
CR	Exit	CRANE CO	$0	–	-3,202	–	-0.09%	–
AMGN	Exit	AMGEN INC	$0	–	-1,501	–	-0.10%	–
JPM	Exit	JPMORGAN CHASE & CO FORMERLY J	$0	–	-3,185	–	-0.11%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-3,400	–	-0.11%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-2,377	–	-0.11%	–
BA	Exit	BOEING CO	$0	–	-1,244	–	-0.12%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,273	–	-0.13%	–
MMM	Exit	3M COMPANY	$0	–	-1,908	–	-0.15%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,221	–	-0.15%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-2,892	–	-0.15%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-8,812	–	-0.16%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-8,818	–	-0.17%	–
T	Exit	AT&T INC	$0	–	-13,528	–	-0.19%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-21,752	–	-0.20%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-7,747	–	-0.21%	–
TILE	Exit	INTERFACE INC COM	$0	–	-27,010	–	-0.22%	–
ROL	Exit	ROLLINS INC	$0	–	-15,187	–	-0.26%	–
KO	Exit	COCA COLA CO	$0	–	-16,476	–	-0.27%	–
GBCI	Exit	GLACIER BANCORP INC-NEW	$0	–	-20,503	–	-0.28%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-10,528	–	-0.32%	–
TBT	Exit	PROSHARES ULTRASHORT LEHMAN 20	$0	–	-31,420	–	-0.41%	–
USB	Exit	US BANCORP DEL	$0	–	-22,510	–	-0.44%	–
VOO	Exit	VANGUARD S&P 500 ETF	$0	–	-5,449	–	-0.46%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-18,184	–	-0.50%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-11,756	–	-0.51%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC-DEL CLcl a	$0	–	-6	–	-0.60%	–
MCD	Exit	MCDONALDS CORP	$0	–	-11,557	–	-0.66%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-11,982	–	-0.68%	–
CIEN	Exit	CIENA CORPORATION	$0	–	-94,973	–	-0.77%	–
YRCW	Exit	YRC WORLDWIDE INC	$0	–	-187,100	–	-0.95%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-54,080	–	-1.09%	–
JOE	Exit	ST JOE CP COM	$0	–	-253,315	–	-1.75%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-102,331	–	-1.76%	–
LUMN	Exit	CENTURY TEL ENTERPRISES INC CO	$0	–	-259,695	–	-1.80%	–
OCLR	Exit	OCLARO INC COM	$0	–	-598,760	–	-1.90%	–
CFX	Exit	COLFAX CORP COM	$0	–	-142,745	–	-2.18%	–
NUE	Exit	NUCOR CORP	$0	–	-125,212	–	-2.57%	–
FNSR	Exit	FINISAR CORPORATION COM	$0	–	-338,595	–	-2.75%	–
MLHR	Exit	HERMAN MILLER INC	$0	–	-227,570	–	-3.00%	–
SEIC	Exit	SEI INVESTMENTS CO	$0	–	-145,849	–	-3.27%	–
NATI	Exit	NATIONAL INSTRUMENTS CORP	$0	–	-218,180	–	-3.38%	–
DHR	Exit	DANAHER CORP DEL COM	$0	–	-109,003	–	-3.43%	–
TSS	Exit	TOTAL SYS SVCS INC COM	$0	–	-158,481	–	-3.81%	–
EXPD	Exit	EXPEDITORS INTERNATIONAL OF WA	$0	–	-174,637	–	-3.84%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CL B	$0	–	-57,461	–	-3.86%	–
GLW	Exit	CORNING INC	$0	–	-358,130	–	-3.93%	–
GNTX	Exit	GENTEX CORP	$0	–	-546,584	–	-3.97%	–
CERN	Exit	CERNER CORP	$0	–	-162,982	–	-4.26%	–
TEX	Exit	TEREX CORP NEW	$0	–	-269,736	–	-4.46%	–
COST	Exit	COSTCO WHOLESALE CORP-NEW	$0	–	-81,192	–	-4.89%	–
LVLT	Exit	LEVEL 3 COMMUNICATIONS INC	$0	–	-344,525	–	-6.74%	–
ROG	Exit	ROGERS CORP	$0	–	-170,229	–	-8.32%	–
CGNX	Exit	COGNEX CORP	$0	–	-325,363	–	-13.16%	–

Q3 2017

			Value		Shares		↓ Weighting
CGNX	Sell	COGNEX CORP	$35,881,000	+21.3%	325,363	-6.6%	13.16%	+15.5%
ROG	Sell	ROGERS CORP	$22,688,000	+21.9%	170,229	-0.7%	8.32%	+16.0%
LVLT	Sell	LEVEL 3 COMMUNICATIONS INC	$18,360,000	-10.3%	344,525	-0.1%	6.74%	-14.6%
COST	Buy	COSTCO WHOLESALE CORP-NEW	$13,339,000	+30.9%	81,192	+27.5%	4.89%	+24.7%
TEX	Sell	TEREX CORP NEW	$12,144,000	+19.2%	269,736	-0.7%	4.46%	+13.4%
CERN	Sell	CERNER CORP	$11,624,000	+7.0%	162,982	-0.3%	4.26%	+1.9%
GNTX	Buy	GENTEX CORP	$10,822,000	+4.4%	546,584	+0.1%	3.97%	-0.6%
GLW	Sell	CORNING INC	$10,715,000	-0.8%	358,130	-0.3%	3.93%	-5.5%
BRKB	Sell	BERKSHIRE HATHAWAY INC CL B	$10,534,000	+8.1%	57,461	-0.2%	3.86%	+2.9%
EXPD	Sell	EXPEDITORS INTERNATIONAL OF WA	$10,454,000	+5.8%	174,637	-0.2%	3.84%	+0.7%
TSS	Buy	TOTAL SYS SVCS INC COM	$10,381,000	+12.6%	158,481	+0.1%	3.81%	+7.1%
DHR	Buy	DANAHER CORP DEL COM	$9,350,000	+278.1%	109,003	+271.9%	3.43%	+259.9%
NATI	Sell	NATIONAL INSTRUMENTS CORP	$9,201,000	+4.4%	218,180	-0.4%	3.38%	-0.6%
SEIC	Sell	SEI INVESTMENTS CO	$8,906,000	+13.4%	145,849	-0.2%	3.27%	+7.9%
MLHR	Sell	HERMAN MILLER INC	$8,170,000	+18.0%	227,570	-0.1%	3.00%	+12.3%
FNSR	Buy	FINISAR CORPORATION COM	$7,507,000	+1.6%	338,595	+19.0%	2.75%	-3.3%
NUE	Buy	NUCOR CORP	$7,017,000	-3.1%	125,212	+0.0%	2.57%	-7.8%
CFX	Buy	COLFAX CORP COM	$5,944,000	+6.2%	142,745	+0.4%	2.18%	+1.1%
OCLR	Sell	OCLARO INC COM	$5,167,000	-7.7%	598,760	-0.1%	1.90%	-12.1%
LUMN	Buy	CENTURY TEL ENTERPRISES INC CO	$4,908,000	+115.4%	259,695	+172.1%	1.80%	+105.1%
CPB	Sell	CAMPBELL SOUP CO	$4,791,000	-14.2%	102,331	-4.4%	1.76%	-18.3%
JOE	Buy	ST JOE CP COM	$4,775,000	+3.0%	253,315	+2.4%	1.75%	-2.0%
WFC	Sell	WELLS FARGO & CO NEW	$2,983,000	-1.9%	54,080	-1.4%	1.09%	-6.7%
YRCW	Buy	YRC WORLDWIDE INC	$2,582,000	+29.7%	187,100	+4.6%	0.95%	+23.5%
CIEN	Buy	CIENA CORPORATION	$2,087,000	-12.0%	94,973	+0.2%	0.77%	-16.2%
AAPL	Sell	APPLE COMPUTER INC	$1,847,000	-24.8%	11,982	-29.7%	0.68%	-28.3%
MCD	Sell	MCDONALDS CORP	$1,811,000	-5.8%	11,557	-7.9%	0.66%	-10.4%
CVX	Sell	CHEVRON CORPORATION	$1,381,000	+0.7%	11,756	-10.5%	0.51%	-4.0%
MSFT	Sell	MICROSOFT CORP	$1,355,000	+6.2%	18,184	-1.8%	0.50%	+1.0%
VOO	Buy	VANGUARD S&P 500 ETF	$1,257,000	+6.5%	5,449	+2.5%	0.46%	+1.3%
USB	Sell	US BANCORP DEL	$1,206,000	+0.9%	22,510	-2.2%	0.44%	-4.1%
XOM	Sell	EXXON MOBIL CORP	$863,000	-15.5%	10,528	-16.8%	0.32%	-19.3%
GBCI	Buy	GLACIER BANCORP INC-NEW	$774,000	+3.8%	20,503	+0.6%	0.28%	-1.0%
KO	Sell	COCA COLA CO	$742,000	-5.0%	16,476	-5.3%	0.27%	-9.6%
TILE	Sell	INTERFACE INC COM	$592,000	+10.9%	27,010	-0.6%	0.22%	+5.3%
CL	Sell	COLGATE PALMOLIVE CO	$564,000	-2.3%	7,747	-0.5%	0.21%	-6.8%
BAC	Sell	BANK OF AMERICA CORP	$551,000	+4.2%	21,752	-0.2%	0.20%	-1.0%
T	Sell	AT&T INC	$530,000	-25.0%	13,528	-27.8%	0.19%	-28.7%
VZ	Sell	VERIZON COMMUNICATIONS INC	$436,000	-12.4%	8,812	-21.0%	0.16%	-16.7%
IBM	Sell	INTERNATIONAL BUSINESS MACHINE	$420,000	-52.9%	2,892	-50.0%	0.15%	-55.1%
JNJ	Sell	JOHNSON & JOHNSON	$419,000	-2.3%	3,221	-0.8%	0.15%	-6.7%
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$308,000	+14.5%	2,377	+10.0%	0.11%	+8.7%
PG	Sell	PROCTER & GAMBLE CO	$309,000	-7.2%	3,400	-11.0%	0.11%	-11.7%
JPM	New	JPMORGAN CHASE & CO FORMERLY J	$304,000	–	3,185	–	0.11%	–
HSY	Sell	HERSHEY COMPANY (THE) FORMERLY	$248,000	-0.8%	2,275	-2.2%	0.09%	-5.2%
ROST	Sell	ROSS STORES INC COM	$234,000	-57.8%	3,700	-61.5%	0.09%	-59.6%
PFE	Sell	PFIZER INC	$232,000	-12.1%	6,487	-17.5%	0.08%	-16.7%
CSCO	Sell	CISCO SYSTEMS INC	$203,000	-42.0%	6,025	-46.1%	0.07%	-45.2%
TCS	New	CONTAINER STORE GROUP INC COM	$102,000	–	24,190	–	0.04%	–
GAB	Exit	GABELLI EQUITY TRUST INC	$0	–	-14,468	–	-0.03%	–
BGC	Exit	GENERAL CABLE CORP COM	$0	–	-11,975	–	-0.08%	–
PEP	Exit	PEPSICO INC	$0	–	-2,122	–	-0.09%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRUSTutser1 s&pdcrp	$0	–	-794	–	-0.10%	–
ACM	Exit	AECOM COM	$0	–	-9,400	–	-0.12%	–
WFM	Exit	WHOLE FOODS MKT INC COM	$0	–	-314,574	–	-5.10%	–

Q2 2017

			Value		Shares		↓ Weighting
CGNX	New	COGNEX CORP	$29,570,000	–	348,292	–	11.40%	–
LVLT	New	LEVEL 3 COMMUNICATIONS INC	$20,458,000	–	344,991	–	7.88%	–
ROG	New	ROGERS CORP	$18,614,000	–	171,372	–	7.17%	–
WFM	New	WHOLE FOODS MKT INC COM	$13,247,000	–	314,574	–	5.10%	–
CERN	New	CERNER CORP	$10,863,000	–	163,432	–	4.19%	–
GLW	New	CORNING INC	$10,797,000	–	359,300	–	4.16%	–
GNTX	New	GENTEX CORP	$10,362,000	–	546,245	–	3.99%	–
TEX	New	TEREX CORP NEW	$10,190,000	–	271,730	–	3.93%	–
COST	New	COSTCO WHOLESALE CORP-NEW	$10,188,000	–	63,701	–	3.93%	–
EXPD	New	EXPEDITORS INTERNATIONAL OF WA	$9,885,000	–	175,020	–	3.81%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B	$9,747,000	–	57,551	–	3.76%	–
TSS	New	TOTAL SYS SVCS INC COM	$9,223,000	–	158,341	–	3.55%	–
NATI	New	NATIONAL INSTRUMENTS CORP	$8,814,000	–	219,155	–	3.40%	–
SEIC	New	SEI INVESTMENTS CO	$7,857,000	–	146,091	–	3.03%	–
FNSR	New	FINISAR CORPORATION COM	$7,392,000	–	284,514	–	2.85%	–
NUE	New	NUCOR CORP	$7,244,000	–	125,182	–	2.79%	–
MLHR	New	HERMAN MILLER INC	$6,925,000	–	227,790	–	2.67%	–
CFX	New	COLFAX CORP COM	$5,599,000	–	142,205	–	2.16%	–
OCLR	New	OCLARO INC COM	$5,598,000	–	599,385	–	2.16%	–
CPB	New	CAMPBELL SOUP CO	$5,585,000	–	107,096	–	2.15%	–
JOE	New	ST JOE CP COM	$4,638,000	–	247,346	–	1.79%	–
WFC	New	WELLS FARGO & CO NEW	$3,041,000	–	54,874	–	1.17%	–
DHR	New	DANAHER CORP DEL COM	$2,473,000	–	29,308	–	0.95%	–
AAPL	New	APPLE COMPUTER INC	$2,455,000	–	17,047	–	0.95%	–
CIEN	New	CIENA CORPORATION	$2,372,000	–	94,818	–	0.91%	–
LUMN	New	CENTURY TEL ENTERPRISES INC CO	$2,279,000	–	95,448	–	0.88%	–
YRCW	New	YRC WORLDWIDE INC	$1,990,000	–	178,950	–	0.77%	–
MCD	New	MCDONALDS CORP	$1,922,000	–	12,549	–	0.74%	–
BRKA	New	BERKSHIRE HATHAWAY INC-DEL CLcl a	$1,528,000	–	6	–	0.59%	–
CVX	New	CHEVRON CORPORATION	$1,371,000	–	13,141	–	0.53%	–
MSFT	New	MICROSOFT CORP	$1,276,000	–	18,509	–	0.49%	–
USB	New	US BANCORP DEL	$1,195,000	–	23,025	–	0.46%	–
VOO	New	VANGUARD S&P 500 ETF	$1,180,000	–	5,315	–	0.46%	–
TBT	New	PROSHARES ULTRASHORT LEHMAN 20	$1,127,000	–	31,420	–	0.43%	–
XOM	New	EXXON MOBIL CORP	$1,021,000	–	12,653	–	0.39%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$891,000	–	5,789	–	0.34%	–
KO	New	COCA COLA CO	$781,000	–	17,404	–	0.30%	–
GBCI	New	GLACIER BANCORP INC-NEW	$746,000	–	20,377	–	0.29%	–
T	New	AT&T INC	$707,000	–	18,729	–	0.27%	–
ROL	New	ROLLINS INC	$618,000	–	15,187	–	0.24%	–
CL	New	COLGATE PALMOLIVE CO	$577,000	–	7,786	–	0.22%	–
ROST	New	ROSS STORES INC COM	$554,000	–	9,600	–	0.21%	–
TILE	New	INTERFACE INC COM	$534,000	–	27,160	–	0.21%	–
BAC	New	BANK OF AMERICA CORP	$529,000	–	21,802	–	0.20%	–
SBUX	New	STARBUCKS CORP	$514,000	–	8,818	–	0.20%	–
VZ	New	VERIZON COMMUNICATIONS INC	$498,000	–	11,155	–	0.19%	–
JNJ	New	JOHNSON & JOHNSON	$429,000	–	3,246	–	0.16%	–
MMM	New	3M COMPANY	$397,000	–	1,908	–	0.15%	–
PM	New	PHILIP MORRIS INTL INC	$384,000	–	3,273	–	0.15%	–
CSCO	New	CISCO SYSTEMS INC	$350,000	–	11,178	–	0.14%	–
PG	New	PROCTER & GAMBLE CO	$333,000	–	3,820	–	0.13%	–
ACM	New	AECOM COM	$304,000	–	9,400	–	0.12%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$269,000	–	2,160	–	0.10%	–
PFE	New	PFIZER INC	$264,000	–	7,865	–	0.10%	–
AMGN	New	AMGEN INC	$259,000	–	1,501	–	0.10%	–
CR	New	CRANE CO	$254,000	–	3,202	–	0.10%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRUSTutser1 s&pdcrp	$252,000	–	794	–	0.10%	–
HSY	New	HERSHEY COMPANY (THE) FORMERLY	$250,000	–	2,325	–	0.10%	–
BA	New	BOEING CO	$246,000	–	1,244	–	0.10%	–
PEP	New	PEPSICO INC	$245,000	–	2,122	–	0.09%	–
BGC	New	GENERAL CABLE CORP COM	$196,000	–	11,975	–	0.08%	–
GAB	New	GABELLI EQUITY TRUST INC	$89,000	–	14,468	–	0.03%	–

Q4 2016

			Value		Shares		↓ Weighting
CUR	Exit	NEURALSTEM INC COM	$0	–	-10,500	–	-0.00%	–
GAB	Exit	GABELLI EQUITY TRUST INC	$0	–	-14,468	–	-0.04%	–
CR	Exit	CRANE CO	$0	–	-3,202	–	-0.10%	–
PAYX	Exit	PAYCHEX INC COM	$0	–	-3,460	–	-0.10%	–
BGC	Exit	GENERAL CABLE CORP COM	$0	–	-13,750	–	-0.10%	–
HSY	Exit	HERSHEY COMPANY (THE) FORMERLY	$0	–	-2,325	–	-0.11%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRUSTutser1 s&pdcrp	$0	–	-794	–	-0.11%	–
YRCW	Exit	YRC WORLDWIDE INC	$0	–	-18,425	–	-0.11%	–
PEP	Exit	PEPSICO INC	$0	–	-2,135	–	-0.11%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-2,160	–	-0.12%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-8,325	–	-0.12%	–
	Exit	AMGEN INC	$0	–	-1,501	–	-0.12%	–
PFE	Exit	PFIZER INC	$0	–	-7,793	–	-0.13%	–
ACM	Exit	AECOM COM	$0	–	-9,400	–	-0.13%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-2,380	–	-0.14%	–
	Exit	BANK OF AMERICA CORP	$0	–	-18,400	–	-0.14%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,273	–	-0.15%	–
ETN	Exit	EATON CORP PLC	$0	–	-4,850	–	-0.15%	–
GBCI	Exit	GLACIER BANCORP INC-NEW	$0	–	-12,240	–	-0.17%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-11,425	–	-0.17%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-3,475	–	-0.20%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-4,645	–	-0.20%	–
MMM	Exit	3M COMPANY	$0	–	-2,408	–	-0.20%	–
ROL	Exit	ROLLINS INC	$0	–	-15,187	–	-0.21%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,085	–	-0.22%	–
TILE	Exit	INTERFACE INC COM	$0	–	-28,150	–	-0.22%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-8,818	–	-0.23%	–
ROST	Exit	ROSS STORES INC COM	$0	–	-9,600	–	-0.30%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-11,942	–	-0.30%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-8,554	–	-0.30%	–
TBT	Exit	PROSHARES ULTRASHORT LEHMAN 20	$0	–	-21,870	–	-0.33%	–
KO	Exit	COCA COLA CO	$0	–	-18,217	–	-0.37%	–
T	Exit	AT&T INC	$0	–	-20,269	–	-0.39%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-6,176	–	-0.47%	–
USB	Exit	US BANCORP DEL	$0	–	-23,705	–	-0.49%	–
VOO	Exit	VANGUARD S&P 500 ETF	$0	–	-5,260	–	-0.50%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-18,892	–	-0.52%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-14,223	–	-0.59%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-12,396	–	-0.61%	–
MCD	Exit	MCDONALDS CORP	$0	–	-12,666	–	-0.70%	–
	Exit	BERKSHIRE HATHAWAY INC-DEL CLcl a	$0	–	-8	–	-0.83%	–
CIEN	Exit	CIENA CORPORATION	$0	–	-91,865	–	-0.96%	–
CFX	Exit	COLFAX CORP COM	$0	–	-66,645	–	-1.00%	–
	Exit	APPLE COMPUTER INC	$0	–	-19,524	–	-1.05%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-54,001	–	-1.14%	–
JOE	Exit	ST JOE CP COM	$0	–	-231,747	–	-2.03%	–
OCLR	Exit	OCLARO INC COM	$0	–	-603,215	–	-2.46%	–
FNSR	Exit	FINISAR CORPORATION COM	$0	–	-180,750	–	-2.57%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-108,466	–	-2.83%	–
NATI	Exit	NATIONAL INSTRUMENTS CORP	$0	–	-216,190	–	-2.93%	–
NUE	Exit	NUCOR CORP	$0	–	-124,435	–	-2.94%	–
MLHR	Exit	HERMAN MILLER INC	$0	–	-227,688	–	-3.11%	–
SEIC	Exit	SEI INVESTMENTS CO	$0	–	-145,746	–	-3.17%	–
TEX	Exit	TEREX CORP NEW	$0	–	-271,912	–	-3.30%	–
TSS	Exit	TOTAL SYS SVCS INC COM	$0	–	-155,331	–	-3.50%	–
	Exit	BERKSHIRE HATHAWAY INC CL B	$0	–	-54,191	–	-3.74%	–
GLW	Exit	CORNING INC	$0	–	-357,010	–	-4.03%	–
EXPD	Exit	EXPEDITORS INTERNATIONAL OF WA	$0	–	-171,795	–	-4.23%	–
GNTX	Exit	GENTEX CORP	$0	–	-539,089	–	-4.52%	–
COST	Exit	COSTCO WHOLESALE CORP-NEW	$0	–	-62,934	–	-4.58%	–
CERN	Exit	CERNER CORP	$0	–	-161,139	–	-4.75%	–
WFM	Exit	WHOLE FOODS MKT INC COM	$0	–	-366,001	–	-4.96%	–
VAL	Exit	VALSPAR CORP	$0	–	-98,196	–	-4.97%	–
ROG	Exit	ROGERS CORP	$0	–	-170,655	–	-4.98%	–
LVLT	Exit	LEVEL 3 COMMUNICATIONS INC	$0	–	-343,991	–	-7.62%	–
CGNX	Exit	COGNEX CORP	$0	–	-323,506	–	-8.17%	–

Q3 2016

			Value		Shares		↓ Weighting
CGNX	Sell	COGNEX CORP	$17,101,000	+21.5%	323,506	-0.9%	8.17%	+17.2%
LVLT	Buy	LEVEL 3 COMMUNICATIONS INC	$15,954,000	-6.0%	343,991	+4.3%	7.62%	-9.4%
ROG	Buy	ROGERS CORP	$10,424,000	+2.1%	170,655	+2.2%	4.98%	-1.4%
VAL	Sell	VALSPAR CORP	$10,416,000	-4.8%	98,196	-3.1%	4.97%	-8.2%
WFM	Buy	WHOLE FOODS MKT INC COM	$10,376,000	-10.6%	366,001	+1.0%	4.96%	-13.7%
CERN	Sell	CERNER CORP	$9,950,000	+4.7%	161,139	-0.6%	4.75%	+1.0%
COST	Sell	COSTCO WHOLESALE CORP-NEW	$9,598,000	-3.4%	62,934	-0.5%	4.58%	-6.8%
GNTX	Sell	GENTEX CORP	$9,466,000	+13.0%	539,089	-0.6%	4.52%	+9.0%
EXPD	Sell	EXPEDITORS INTERNATIONAL OF WA	$8,851,000	+4.5%	171,795	-0.5%	4.23%	+0.9%
GLW	Sell	CORNING INC	$8,443,000	+13.4%	357,010	-1.8%	4.03%	+9.4%
	Sell	BERKSHIRE HATHAWAY INC CL B	$7,829,000	-0.5%	54,191	-0.2%	3.74%	-4.0%
TSS	Buy	TOTAL SYS SVCS INC COM	$7,324,000	-4.8%	155,331	+7.2%	3.50%	-8.2%
TEX	Sell	TEREX CORP NEW	$6,909,000	+19.0%	271,912	-4.9%	3.30%	+14.8%
SEIC	Sell	SEI INVESTMENTS CO	$6,647,000	-6.6%	145,746	-1.4%	3.17%	-9.9%
MLHR	Sell	HERMAN MILLER INC	$6,512,000	-4.5%	227,688	-0.2%	3.11%	-7.8%
NUE	Sell	NUCOR CORP	$6,153,000	-0.4%	124,435	-0.4%	2.94%	-3.9%
NATI	Sell	NATIONAL INSTRUMENTS CORP	$6,140,000	+3.3%	216,190	-0.3%	2.93%	-0.3%
CPB	Sell	CAMPBELL SOUP CO	$5,933,000	-20.2%	108,466	-3.0%	2.83%	-23.0%
FNSR	Sell	FINISAR CORPORATION COM	$5,386,000	+66.5%	180,750	-2.1%	2.57%	+60.6%
OCLR	Sell	OCLARO INC COM	$5,157,000	+70.5%	603,215	-2.7%	2.46%	+64.5%
JOE	Sell	ST JOE CP COM	$4,260,000	+3.0%	231,747	-0.7%	2.03%	-0.6%
WFC	Buy	WELLS FARGO & CO NEW	$2,391,000	-2.8%	54,001	+3.9%	1.14%	-6.2%
	Sell	APPLE COMPUTER INC	$2,207,000	+17.3%	19,524	-0.8%	1.05%	+13.2%
CFX	Buy	COLFAX CORP COM	$2,095,000	+32.5%	66,645	+11.5%	1.00%	+27.9%
CIEN	Sell	CIENA CORPORATION	$2,003,000	+11.9%	91,865	-3.8%	0.96%	+7.9%
XOM	Sell	EXXON MOBIL CORP	$1,241,000	-10.3%	14,223	-3.6%	0.59%	-13.4%
VOO	Sell	VANGUARD S&P 500 ETF	$1,045,000	-1.6%	5,260	-4.8%	0.50%	-5.1%
KO	Sell	COCA COLA CO	$771,000	-10.3%	18,217	-4.0%	0.37%	-13.6%
TBT	Buy	PROSHARES ULTRASHORT LEHMAN 20	$691,000	+8.0%	21,870	+8.3%	0.33%	+4.1%
TILE	Sell	INTERFACE INC COM	$470,000	+5.1%	28,150	-3.9%	0.22%	+1.4%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$451,000	+3.9%	2,085	+0.6%	0.22%	0.0%
PG	Sell	PROCTER & GAMBLE CO	$417,000	-0.5%	4,645	-6.1%	0.20%	-3.9%
JNJ	Sell	JOHNSON & JOHNSON	$411,000	-4.0%	3,475	-1.4%	0.20%	-7.5%
CSCO	Sell	CISCO SYSTEMS INC	$362,000	+9.4%	11,425	-0.9%	0.17%	+5.5%
GBCI	Buy	GLACIER BANCORP INC-NEW	$349,000	+46.6%	12,240	+36.6%	0.17%	+41.5%
PFE	Sell	PFIZER INC	$264,000	-4.7%	7,793	-1.0%	0.13%	-8.0%
	Sell	AMGEN INC	$250,000	+8.7%	1,501	-0.7%	0.12%	+4.4%
PEP	Sell	PEPSICO INC	$232,000	+1.3%	2,135	-1.2%	0.11%	-1.8%
YRCW	Sell	YRC WORLDWIDE INC	$227,000	+6.1%	18,425	-24.3%	0.11%	+1.9%
BGC	Sell	GENERAL CABLE CORP COM	$206,000	+17.0%	13,750	-0.5%	0.10%	+12.6%
CR	New	CRANE CO	$202,000	–	3,202	–	0.10%	–

Q2 2016

			Value		Shares		↓ Weighting
LVLT	New	LEVEL 3 COMMUNICATIONS INC	$16,980,000	–	329,766	–	8.40%	–
CGNX	New	COGNEX CORP	$14,075,000	–	326,571	–	6.97%	–
WFM	New	WHOLE FOODS MKT INC COM	$11,602,000	–	362,341	–	5.74%	–
VAL	New	VALSPAR CORP	$10,944,000	–	101,307	–	5.42%	–
ROG	New	ROGERS CORP	$10,206,000	–	167,045	–	5.05%	–
COST	New	COSTCO WHOLESALE CORP-NEW	$9,935,000	–	63,264	–	4.92%	–
CERN	New	CERNER CORP	$9,504,000	–	162,184	–	4.70%	–
EXPD	New	EXPEDITORS INTERNATIONAL OF WA	$8,466,000	–	172,625	–	4.19%	–
GNTX	New	GENTEX CORP	$8,377,000	–	542,227	–	4.15%	–
	New	BERKSHIRE HATHAWAY INC CL B	$7,865,000	–	54,321	–	3.89%	–
TSS	New	TOTAL SYS SVCS INC COM	$7,694,000	–	144,877	–	3.81%	–
GLW	New	CORNING INC	$7,444,000	–	363,475	–	3.68%	–
CPB	New	CAMPBELL SOUP CO	$7,436,000	–	111,771	–	3.68%	–
SEIC	New	SEI INVESTMENTS CO	$7,114,000	–	147,876	–	3.52%	–
MLHR	New	HERMAN MILLER INC	$6,817,000	–	228,063	–	3.37%	–
NUE	New	NUCOR CORP	$6,175,000	–	124,980	–	3.06%	–
NATI	New	NATIONAL INSTRUMENTS CORP	$5,944,000	–	216,949	–	2.94%	–
TEX	New	TEREX CORP NEW	$5,805,000	–	285,802	–	2.87%	–
JOE	New	ST JOE CP COM	$4,135,000	–	233,362	–	2.05%	–
FNSR	New	FINISAR CORPORATION COM	$3,234,000	–	184,690	–	1.60%	–
OCLR	New	OCLARO INC COM	$3,025,000	–	619,833	–	1.50%	–
WFC	New	WELLS FARGO & CO NEW	$2,460,000	–	51,981	–	1.22%	–
	New	APPLE COMPUTER INC	$1,882,000	–	19,683	–	0.93%	–
CIEN	New	CIENA CORPORATION	$1,790,000	–	95,450	–	0.89%	–
	New	BERKSHIRE HATHAWAY INC-DEL CLcl a	$1,736,000	–	8	–	0.86%	–
CFX	New	COLFAX CORP COM	$1,581,000	–	59,760	–	0.78%	–
MCD	New	MCDONALDS CORP	$1,524,000	–	12,666	–	0.75%	–
XOM	New	EXXON MOBIL CORP	$1,384,000	–	14,760	–	0.68%	–
CVX	New	CHEVRON CORPORATION	$1,299,000	–	12,396	–	0.64%	–
VOO	New	VANGUARD S&P 500 ETF	$1,062,000	–	5,524	–	0.53%	–
MSFT	New	MICROSOFT CORP	$967,000	–	18,892	–	0.48%	–
USB	New	US BANCORP DEL	$956,000	–	23,705	–	0.47%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$937,000	–	6,176	–	0.46%	–
T	New	AT&T INC	$876,000	–	20,269	–	0.43%	–
KO	New	COCA COLA CO	$860,000	–	18,967	–	0.43%	–
VZ	New	VERIZON COMMUNICATIONS INC	$667,000	–	11,942	–	0.33%	–
TBT	New	PROSHARES ULTRASHORT LEHMAN 20	$640,000	–	20,195	–	0.32%	–
CL	New	COLGATE PALMOLIVE CO	$626,000	–	8,554	–	0.31%	–
ROST	New	ROSS STORES INC COM	$544,000	–	9,600	–	0.27%	–
SBUX	New	STARBUCKS CORP	$504,000	–	8,818	–	0.25%	–
TILE	New	INTERFACE INC COM	$447,000	–	29,300	–	0.22%	–
ROL	New	ROLLINS INC	$445,000	–	15,187	–	0.22%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$434,000	–	2,072	–	0.22%	–
JNJ	New	JOHNSON & JOHNSON	$428,000	–	3,525	–	0.21%	–
MMM	New	3M COMPANY	$422,000	–	2,408	–	0.21%	–
PG	New	PROCTER & GAMBLE CO	$419,000	–	4,945	–	0.21%	–
PM	New	PHILIP MORRIS INTL INC	$333,000	–	3,273	–	0.16%	–
CSCO	New	CISCO SYSTEMS INC	$331,000	–	11,529	–	0.16%	–
ACM	New	AECOM COM	$299,000	–	9,400	–	0.15%	–
ETN	New	EATON CORP PLC	$290,000	–	4,850	–	0.14%	–
PFE	New	PFIZER INC	$277,000	–	7,868	–	0.14%	–
HSY	New	HERSHEY COMPANY (THE) FORMERLY	$264,000	–	2,325	–	0.13%	–
GE	New	GENERAL ELECTRIC CO	$262,000	–	8,325	–	0.13%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$256,000	–	2,380	–	0.13%	–
	New	BANK OF AMERICA CORP	$244,000	–	18,400	–	0.12%	–
GBCI	New	GLACIER BANCORP INC-NEW	$238,000	–	8,960	–	0.12%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$231,000	–	2,160	–	0.11%	–
	New	AMGEN INC	$230,000	–	1,512	–	0.11%	–
PEP	New	PEPSICO INC	$229,000	–	2,160	–	0.11%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRUSTutser1 s&pdcrp	$216,000	–	794	–	0.11%	–
YRCW	New	YRC WORLDWIDE INC	$214,000	–	24,325	–	0.11%	–
PAYX	New	PAYCHEX INC COM	$206,000	–	3,460	–	0.10%	–
BGC	New	GENERAL CABLE CORP COM	$176,000	–	13,825	–	0.09%	–
GAB	New	GABELLI EQUITY TRUST INC	$79,000	–	14,468	–	0.04%	–
CUR	New	NEURALSTEM INC COM	$3,000	–	10,500	–	0.00%	–

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