TRADITION ASSET MANAGEMENT LLC Activity Q2 2019-Q2 2020

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corporation	$11,073,000	–	54,413	–	3.17%	–
JNJ	New	Johnson & Johnson	$10,666,000	–	75,847	–	3.05%	–
MRK	New	Merck & Co. Inc.	$9,988,000	–	129,167	–	2.86%	–
SPY	New	SPDR S&P 500 ETF Trust Series	$8,746,000	–	28,362	–	2.50%	–
ABBV	New	AbbVie Inc.	$7,837,000	–	79,829	–	2.24%	–
SPYG	New	SPDR Portfolio S&P 500 Growth	$6,781,000	–	150,977	–	1.94%	–
NVS	New	Novartis AG	$6,608,000	–	75,664	–	1.89%	–
CVS	New	CVS Health Corp.	$6,512,000	–	100,243	–	1.86%	–
AAPL	New	Apple Inc.	$6,435,000	–	17,642	–	1.84%	–
SPTM	New	SPDR Port Total Stock Market	$6,293,000	–	166,574	–	1.80%	–
AVY	New	Avery Dennison Corp.	$6,255,000	–	54,828	–	1.79%	–
JPM	New	JPMorgan Chase & Co	$5,995,000	–	63,740	–	1.71%	–
CFG	New	Citizens Financial Group	$5,701,000	–	225,889	–	1.63%	–
RE	New	Everest Re Group Ltd	$5,657,000	–	27,439	–	1.62%	–
QCOM	New	Qualcomm Inc.	$5,606,000	–	61,465	–	1.60%	–
INTC	New	Intel Corporation	$5,421,000	–	90,618	–	1.55%	–
LNC	New	Lincoln National Corp	$5,391,000	–	146,553	–	1.54%	–
BMY	New	Bristol-Myers Squibb Co.	$5,378,000	–	91,479	–	1.54%	–
CSCO	New	Cisco Systems Inc.	$5,142,000	–	110,251	–	1.47%	–
MMC	New	Marsh & McLennan Company Inc	$5,092,000	–	47,433	–	1.46%	–
ZTS	New	Zoetis Inc.	$5,038,000	–	36,770	–	1.44%	–
TMO	New	Thermo Fisher Scientific, Inc.	$5,035,000	–	13,896	–	1.44%	–
HAS	New	Hasbro Inc.	$4,961,000	–	66,191	–	1.42%	–
LOW	New	Lowes Companies Inc.	$4,937,000	–	36,540	–	1.41%	–
UL	New	Unilever PLC ADR	$4,919,000	–	89,645	–	1.41%	–
ABT	New	Abbott Laboratories	$4,707,000	–	51,490	–	1.35%	–
C	New	Citigroup Inc.	$4,543,000	–	88,911	–	1.30%	–
MMM	New	3M Company	$4,481,000	–	28,729	–	1.28%	–
T	New	AT&T Inc.	$4,416,000	–	146,089	–	1.26%	–
WLTW	New	Willis Towers Watson Plc Ltd	$4,393,000	–	22,308	–	1.26%	–
GOOG	New	Alphabet Inc. Class C	$4,355,000	–	3,081	–	1.24%	–
TXN	New	Texas Instruments, Inc.	$4,206,000	–	33,126	–	1.20%	–
WBA	New	Walgreens Boots Alliance Inc	$3,815,000	–	90,020	–	1.09%	–
IBM	New	IBM Corp	$3,613,000	–	29,922	–	1.03%	–
DEO	New	Diageo PLC ADS	$3,469,000	–	25,815	–	0.99%	–
VRSK	New	Verisk Analytics, Inc. cl A	$3,465,000	–	20,361	–	0.99%	–
IYW	New	iShares US Technology ETF	$3,398,000	–	12,597	–	0.97%	–
PSX	New	Phillips 66	$3,183,000	–	44,280	–	0.91%	–
NSRGY	New	Nestle S.A. ADR	$3,165,000	–	28,662	–	0.90%	–
FB	New	Facebook, Inc. cl A	$3,157,000	–	13,904	–	0.90%	–
BABA	New	Alibaba Group Holding Ltd	$3,029,000	–	14,043	–	0.87%	–
KMB	New	Kimberly-Clark Corp.	$2,872,000	–	20,321	–	0.82%	–
PKG	New	Packaging Corp of America	$2,822,000	–	28,279	–	0.81%	–
FDX	New	FedEx Corp	$2,779,000	–	19,823	–	0.79%	–
	New	Elements US Portfolio	$2,748,000	–	217,113	–	0.79%	–
LH	New	Laboratory Corp of America	$2,729,000	–	16,429	–	0.78%	–
GD	New	General Dynamics Corp.	$2,705,000	–	18,102	–	0.77%	–
AMZN	New	Amazon.com Inc.	$2,653,000	–	962	–	0.76%	–
GS	New	Goldman Sachs Group Inc	$2,571,000	–	13,010	–	0.74%	–
CL	New	Colgate-Palmolive Co	$2,481,000	–	33,866	–	0.71%	–
HD	New	Home Depot Inc.	$2,421,000	–	9,664	–	0.69%	–
SWKS	New	Skyworks Solutions Inc	$2,351,000	–	18,395	–	0.67%	–
KMI	New	Kinder Morgan Inc cl P	$2,287,000	–	150,762	–	0.65%	–
COST	New	Costco Wholesale Corp	$2,288,000	–	7,548	–	0.65%	–
VZ	New	Verizon Communications, Inc.	$2,212,000	–	40,139	–	0.63%	–
PRU	New	Prudential Financial Inc	$2,202,000	–	36,166	–	0.63%	–
DIS	New	Walt Disney Company	$2,205,000	–	19,781	–	0.63%	–
AXP	New	American Express Co.	$2,167,000	–	22,764	–	0.62%	–
PNC	New	PNC Financial Services	$2,100,000	–	19,965	–	0.60%	–
LIN	New	Linde PLC	$2,086,000	–	9,837	–	0.60%	–
NXPI	New	NXP Semiconductors NV	$2,076,000	–	18,210	–	0.59%	–
KMX	New	CarMax Inc.	$2,062,000	–	23,027	–	0.59%	–
HBAN	New	Huntington Bancshares, Inc.	$2,017,000	–	223,305	–	0.58%	–
ITW	New	Illinois Tool Works Inc.	$2,011,000	–	11,505	–	0.58%	–
MSM	New	MSC Industrial Direct Co-A	$1,923,000	–	26,415	–	0.55%	–
MDT	New	Medtronic, PLC	$1,815,000	–	19,798	–	0.52%	–
SPYV	New	SPDR Port S&P 500 Value	$1,806,000	–	62,348	–	0.52%	–
VUG	New	Vanguard Growth ETF	$1,739,000	–	8,610	–	0.50%	–
NEM	New	Newmont Mining Corp	$1,720,000	–	27,867	–	0.49%	–
ARES	New	Ares Management LP	$1,613,000	–	40,652	–	0.46%	–
BA	New	Boeing Company	$1,596,000	–	8,712	–	0.46%	–
UPS	New	United Parcel Service Inc.	$1,559,000	–	14,029	–	0.45%	–
BDX	New	Becton Dickinson & Co.	$1,529,000	–	6,392	–	0.44%	–
HBNC	New	Horizon Bancorp IN	$1,516,000	–	141,894	–	0.43%	–
VMW	New	VMware, Inc. Cl A	$1,423,000	–	9,195	–	0.41%	–
PEP	New	PepsiCo, Inc.	$1,385,000	–	10,471	–	0.40%	–
BIIB	New	Biogen Inc.	$1,364,000	–	5,100	–	0.39%	–
ETRN	New	Equitrans Midstream Corporatio	$1,248,000	–	150,210	–	0.36%	–
CVX	New	Chevron Corp	$1,193,000	–	13,377	–	0.34%	–
DXC	New	DXC Technology	$1,191,000	–	72,232	–	0.34%	–
NVDA	New	NVIDIA Corp	$1,185,000	–	3,121	–	0.34%	–
ADBE	New	Adobe Systems Inc.	$1,183,000	–	2,718	–	0.34%	–
IVW	New	iShares S&P 500 Growth Index	$1,161,000	–	5,597	–	0.33%	–
VTI	New	Vanguard Total Stock Mkt	$1,108,000	–	7,080	–	0.32%	–
KO	New	Coca-Cola Company	$1,070,000	–	23,960	–	0.31%	–
SYK	New	Stryker Corp	$1,050,000	–	5,830	–	0.30%	–
LLY	New	Eli Lilly & Co.	$1,038,000	–	6,323	–	0.30%	–
VV	New	Vanguard Large-Cap ETF	$1,021,000	–	7,145	–	0.29%	–
CMCSA	New	Comcast cl A	$1,017,000	–	26,104	–	0.29%	–
FSLR	New	First Solar, Inc.	$1,017,000	–	20,564	–	0.29%	–
VTV	New	Vanguard Value ETF	$954,000	–	9,582	–	0.27%	–
IJH	New	iShares S&P MidCap 400	$949,000	–	5,337	–	0.27%	–
	New	Akre Focus Fund Institutional	$830,000	–	16,848	–	0.24%	–
ELAN	New	Elanco Animal Health Inc	$830,000	–	38,725	–	0.24%	–
D	New	Dominion Resources Inc.	$828,000	–	10,204	–	0.24%	–
GOOGL	New	Alphabet Inc. Class A	$823,000	–	581	–	0.24%	–
ULTA	New	Ulta Beauty Inc	$817,000	–	4,021	–	0.23%	–
XOM	New	Exxon Mobil Corporation	$795,000	–	17,792	–	0.23%	–
ZBH	New	Zimmer Biomet Holdings Inc	$783,000	–	6,567	–	0.22%	–
USB	New	U.S. Bancorp	$767,000	–	20,835	–	0.22%	–
AIG	New	American Intl Group, Inc.	$749,000	–	24,029	–	0.21%	–
BRKB	New	Berkshire Hathaway Class B	$745,000	–	4,175	–	0.21%	–
	New	JPMorgan Growth Advantage-I	$733,000	–	27,911	–	0.21%	–
QRVO	New	Qorvo Inc	$721,000	–	6,530	–	0.21%	–
LSTR	New	Landstar System Inc.	$718,000	–	6,397	–	0.20%	–
VYM	New	Vanguard High Dividend Yield E	$716,000	–	9,101	–	0.20%	–
IWD	New	iShares Russell 1000 Value	$703,000	–	6,243	–	0.20%	–
ADI	New	Analog Devices Inc.	$675,000	–	5,505	–	0.19%	–
ECL	New	Ecolab Inc	$648,000	–	3,258	–	0.18%	–
VB	New	Vanguard Small Cap ETF	$645,000	–	4,427	–	0.18%	–
TT	New	Trane Technologies PLC	$639,000	–	7,188	–	0.18%	–
APD	New	Air Products & Chemicals	$615,000	–	2,550	–	0.18%	–
SPYD	New	SPDR Portfolio S&P 500 High	$587,000	–	21,104	–	0.17%	–
UNP	New	Union Pacific Corp.	$574,000	–	3,398	–	0.16%	–
HON	New	Honeywell Intl Inc	$549,000	–	3,798	–	0.16%	–
DHR	New	Danaher Corporation	$535,000	–	3,031	–	0.15%	–
WFC	New	Wells Fargo & Co	$523,000	–	20,460	–	0.15%	–
PG	New	Procter & Gamble Co.	$521,000	–	4,363	–	0.15%	–
PFE	New	Pfizer Inc.	$510,000	–	15,620	–	0.15%	–
CSIQ	New	Canadian Solar Inc	$501,000	–	26,014	–	0.14%	–
MKC	New	McCormick & Co, Inc.	$479,000	–	2,675	–	0.14%	–
V	New	VISA Inc.	$461,000	–	2,388	–	0.13%	–
DTD	New	WisdomTree Total Dividend	$451,000	–	5,009	–	0.13%	–
UN	New	Unilever N.V.	$439,000	–	8,247	–	0.13%	–
RDSA	New	Royal Dutch Shell PLC - ADR A	$438,000	–	13,420	–	0.12%	–
ADP	New	Automatic Data Processing Inc.	$425,000	–	2,855	–	0.12%	–
IWF	New	iShares Russell 1000 Growth	$414,000	–	2,162	–	0.12%	–
	New	Fidelity 500 Index Instl Premi	$392,000	–	3,632	–	0.11%	–
	New	JPMorgan Small Cap Equity Fund	$377,000	–	7,022	–	0.11%	–
YUM	New	Yum! Brands, Inc.	$370,000	–	4,260	–	0.11%	–
FNF	New	Fidelity National Financial, I	$366,000	–	11,944	–	0.10%	–
AWK	New	American Water Works	$363,000	–	2,824	–	0.10%	–
VFC	New	V.F. Corporation	$360,000	–	5,922	–	0.10%	–
SLB	New	Schlumberger Ltd.	$357,000	–	19,457	–	0.10%	–
WM	New	Waste Management Inc.	$348,000	–	3,295	–	0.10%	–
	New	Vanguard 500 Index-Adm	$336,000	–	1,176	–	0.10%	–
VO	New	Vanguard Mid-Cap ETF	$328,000	–	2,007	–	0.09%	–
BIZD	New	VanEck Vectors BDC Inc ETF	$320,000	–	26,394	–	0.09%	–
VSS	New	Vanguard FTSE All-World Ex	$319,000	–	3,303	–	0.09%	–
PPG	New	PPG Industries Inc.	$318,000	–	3,000	–	0.09%	–
ALLE	New	Allegion plc	$316,000	–	3,100	–	0.09%	–
VOO	New	Vanguard S&P 500 ETF	$316,000	–	1,117	–	0.09%	–
MDY	New	SPDR S&P MidCap 400 ETF Trust	$312,000	–	963	–	0.09%	–
	New	Fidelity Total Market Index	$312,000	–	3,584	–	0.09%	–
BAC	New	Bank of America Corp	$311,000	–	13,123	–	0.09%	–
IVV	New	iShares Core S&P 500 Index Fun	$301,000	–	975	–	0.09%	–
IWR	New	iShares Russell Midcap ETF	$290,000	–	5,429	–	0.08%	–
DVN	New	Devon Energy Corp	$284,000	–	25,113	–	0.08%	–
RDSB	New	Royal Dutch Shell PLC - ADR B	$285,000	–	9,380	–	0.08%	–
DOV	New	Dover Corporation	$275,000	–	2,850	–	0.08%	–
	New	Davis New York Venture Fund	$276,000	–	10,703	–	0.08%	–
MCD	New	McDonald's Corp.	$276,000	–	1,500	–	0.08%	–
OCFC	New	OceanFirst Financial Corp	$261,000	–	14,830	–	0.08%	–
MELI	New	Mercadolibre	$256,000	–	260	–	0.07%	–
SBUX	New	Starbucks Corporation	$255,000	–	3,476	–	0.07%	–
SCHG	New	Schwab U.S. Large-Cap Growth	$251,000	–	2,472	–	0.07%	–
PYPL	New	Paypal Holdings	$244,000	–	1,406	–	0.07%	–
UVSP	New	Univest Corp of Penn.	$240,000	–	14,909	–	0.07%	–
AFL	New	AFLAC Inc.	$234,000	–	6,500	–	0.07%	–
ALC	New	Alcon	$232,000	–	4,054	–	0.07%	–
DLTR	New	Dollar Tree, Inc.	$231,000	–	2,500	–	0.07%	–
DOX	New	Amdocs Limited	$229,000	–	3,775	–	0.06%	–
EPD	New	Enterprise Products Part LP	$225,000	–	12,400	–	0.06%	–
THG	New	Hanover Insurance Grp (The)	$222,000	–	2,199	–	0.06%	–
RTX	New	Raytheon Technologies Corp	$221,000	–	3,592	–	0.06%	–
ORCL	New	Oracle Corporation	$216,000	–	3,910	–	0.06%	–
	New	AIM Charter Fund Income	$213,000	–	14,209	–	0.06%	–
YUMC	New	Yum China Holdings	$214,000	–	4,460	–	0.06%	–
SU	New	Suncor Energy	$193,000	–	11,476	–	0.06%	–
FHN	New	First Horizon National Corp	$129,000	–	13,050	–	0.04%	–
	New	Elements US Small Cap Portfoli	$120,000	–	12,172	–	0.03%	–
GE	New	General Electric Company	$111,000	–	16,293	–	0.03%	–
NBL	New	Noble Energy Inc.	$107,000	–	12,005	–	0.03%	–
PASO	New	Patient Access Solutions, Inc.	$2,000	–	20,000	–	0.00%	–
SGRZ	New	Stonepath Group Inc	$0	–	138,000	–	0.00%	–
AITX	New	Airtrax	$0	–	33,200	–	0.00%	–
AHNA	New	ATC Healthcare Inc-A	$0	–	21,930	–	0.00%	–
MTSXY	New	Metal Storm Limited-Spon ADR	$0	–	22,750	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
MTSXY	Exit	Metal Storm Limited-Spon ADR	$0	–	-22,750	–	0.00%	–
AITX	Exit	Airtrax	$0	–	-33,200	–	0.00%	–
AHNA	Exit	ATC Healthcare Inc-A	$0	–	-21,930	–	0.00%	–
SGRZ	Exit	Stonepath Group Inc	$0	–	-138,000	–	0.00%	–
	Exit	Hudson's Bay Co	$0	–	-16,136	–	-0.03%	–
	Exit	Elements US Small Cap Portfoli	$0	–	-15,347	–	-0.04%	–
HBI	Exit	Hanesbrands, Inc.	$0	–	-11,625	–	-0.05%	–
YUMC	Exit	Yum China Holdings	$0	–	-4,535	–	-0.05%	–
	Exit	AIM Charter Fund Income	$0	–	-11,968	–	-0.05%	–
FHN	Exit	First Horizon National Corp	$0	–	-13,050	–	-0.06%	–
	Exit	Akre Focus Fund Institutional	$0	–	-4,783	–	-0.06%	–
ORCL	Exit	Oracle Corporation	$0	–	-3,910	–	-0.06%	–
SBR	Exit	Sabine Royalty Trust	$0	–	-5,000	–	-0.06%	–
IVV	Exit	iShares Core S&P 500 Index Fun	$0	–	-740	–	-0.06%	–
VSS	Exit	Vanguard FTSE All-World Ex	$0	–	-2,374	–	-0.06%	–
TRV	Exit	The Travelers Companies	$0	–	-1,655	–	-0.06%	–
DOX	Exit	Amdocs Limited	$0	–	-3,775	–	-0.06%	–
IAC	Exit	IAC/InterActiveCorp	$0	–	-1,210	–	-0.07%	–
VEEV	Exit	Veeva Systems Inc-Class A	$0	–	-1,725	–	-0.07%	–
	Exit	JPMorgan Small Cap Equity Fund	$0	–	-4,529	–	-0.07%	–
RPM	Exit	RPM International, Inc.	$0	–	-3,815	–	-0.07%	–
IWR	Exit	iShares Russell Midcap ETF	$0	–	-5,000	–	-0.07%	–
DOV	Exit	Dover Corporation	$0	–	-2,850	–	-0.07%	–
CMG	Exit	Chipotle Mexican Grill	$0	–	-335	–	-0.07%	–
MPW	Exit	Medical Properties Trust Inc	$0	–	-14,591	–	-0.07%	–
DLTR	Exit	Dollar Tree, Inc.	$0	–	-2,500	–	-0.07%	–
	Exit	Davis New York Venture Fund	$0	–	-10,359	–	-0.08%	–
BAC	Exit	Bank of America Corp	$0	–	-10,136	–	-0.08%	–
ACN	Exit	Accenture Plc	$0	–	-1,525	–	-0.08%	–
PYPL	Exit	Paypal Holdings	$0	–	-2,835	–	-0.08%	–
THG	Exit	Hanover Insurance Grp (The)	$0	–	-2,199	–	-0.08%	–
COP	Exit	ConocoPhillips	$0	–	-5,200	–	-0.08%	–
	Exit	Fidelity Total Market Index	$0	–	-3,584	–	-0.08%	–
NBL	Exit	Noble Energy Inc.	$0	–	-13,605	–	-0.08%	–
MCD	Exit	McDonald's Corp.	$0	–	-1,500	–	-0.08%	–
	Exit	Vanguard 500 Index-Adm	$0	–	-1,173	–	-0.08%	–
MDY	Exit	SPDR S&P MidCap 400 ETF Trust	$0	–	-963	–	-0.09%	–
V	Exit	VISA Inc.	$0	–	-1,970	–	-0.09%	–
	Exit	Fidelity 500 Index Instl Premi	$0	–	-3,293	–	-0.09%	–
OCFC	Exit	OceanFirst Financial Corp	$0	–	-14,830	–	-0.09%	–
VB	Exit	Vanguard Small Cap ETF	$0	–	-2,311	–	-0.09%	–
PPG	Exit	PPG Industries Inc.	$0	–	-3,000	–	-0.09%	–
EPD	Exit	Enterprise Products Part LP	$0	–	-12,625	–	-0.09%	–
IWF	Exit	iShares Russell 1000 Growth	$0	–	-2,267	–	-0.09%	–
WM	Exit	Waste Management Inc.	$0	–	-3,270	–	-0.10%	–
UVSP	Exit	Univest Corp of Penn.	$0	–	-14,714	–	-0.10%	–
SBUX	Exit	Starbucks Corporation	$0	–	-4,250	–	-0.10%	–
AMZN	Exit	Amazon.com Inc.	$0	–	-222	–	-0.10%	–
SLB	Exit	Schlumberger Ltd.	$0	–	-11,316	–	-0.10%	–
UTX	Exit	United Technologies Corp	$0	–	-2,940	–	-0.10%	–
DHR	Exit	Danaher Corporation	$0	–	-3,031	–	-0.11%	–
MKC	Exit	McCormick & Co, Inc.	$0	–	-2,800	–	-0.11%	–
ALLE	Exit	Allegion plc	$0	–	-4,286	–	-0.12%	–
MELI	Exit	Mercadolibre	$0	–	-830	–	-0.12%	–
ADP	Exit	Automatic Data Processing Inc.	$0	–	-2,855	–	-0.12%	–
AWK	Exit	American Water Works	$0	–	-4,042	–	-0.13%	–
DTD	Exit	WisdomTree Total Dividend	$0	–	-5,143	–	-0.13%	–
UN	Exit	Unilever N.V.	$0	–	-8,639	–	-0.13%	–
PM	Exit	Philip Morris Intl	$0	–	-7,009	–	-0.14%	–
VFC	Exit	V.F. Corporation	$0	–	-6,042	–	-0.14%	–
UNP	Exit	Union Pacific Corp.	$0	–	-3,372	–	-0.14%	–
AFL	Exit	AFLAC Inc.	$0	–	-10,500	–	-0.14%	–
APD	Exit	Air Products & Chemicals	$0	–	-2,550	–	-0.15%	–
FNF	Exit	Fidelity National Financial, I	$0	–	-13,205	–	-0.15%	–
DVN	Exit	Devon Energy Corp	$0	–	-24,413	–	-0.15%	–
YUM	Exit	Yum! Brands, Inc.	$0	–	-5,235	–	-0.15%	–
CSIQ	Exit	Canadian Solar Inc	$0	–	-32,345	–	-0.16%	–
ALC	Exit	Alcon	$0	–	-10,626	–	-0.16%	–
CMCSA	Exit	Comcast cl A	$0	–	-14,094	–	-0.16%	–
PFE	Exit	Pfizer Inc.	$0	–	-17,878	–	-0.17%	–
ECL	Exit	Ecolab Inc	$0	–	-3,258	–	-0.17%	–
HON	Exit	Honeywell Intl Inc	$0	–	-3,939	–	-0.17%	–
	Exit	Deer Park Total Return Credit	$0	–	-61,234	–	-0.17%	–
LAZ	Exit	Lazard Ltd.	$0	–	-20,109	–	-0.18%	–
ADI	Exit	Analog Devices Inc.	$0	–	-6,355	–	-0.18%	–
PG	Exit	Procter & Gamble Co.	$0	–	-5,811	–	-0.19%	–
GOOGL	Exit	Alphabet Inc. Class A	$0	–	-614	–	-0.19%	–
ADBE	Exit	Adobe Systems Inc.	$0	–	-2,775	–	-0.20%	–
	Exit	Predex-I	$0	–	-30,585	–	-0.21%	–
VTV	Exit	Vanguard Value ETF	$0	–	-7,185	–	-0.21%	–
IWD	Exit	iShares Russell 1000 Value	$0	–	-6,321	–	-0.21%	–
BIZD	Exit	VanEck Vectors BDC Inc ETF	$0	–	-48,821	–	-0.21%	–
NVDA	Exit	NVIDIA Corp	$0	–	-4,905	–	-0.22%	–
IR	Exit	Ingersoll-Rand Plc	$0	–	-7,012	–	-0.22%	–
LLY	Exit	Eli Lilly & Co.	$0	–	-7,825	–	-0.23%	–
BRKB	Exit	Berkshire Hathaway Class B	$0	–	-4,300	–	-0.23%	–
RDSA	Exit	Royal Dutch Shell PLC - ADR A	$0	–	-15,395	–	-0.23%	–
VYM	Exit	Vanguard High Dividend Yield E	$0	–	-10,471	–	-0.24%	–
WHF	Exit	WhiteHorse Finance Inc.	$0	–	-69,588	–	-0.25%	–
LSTR	Exit	Landstar System Inc.	$0	–	-8,707	–	-0.25%	–
VTI	Exit	Vanguard Total Stock Mkt	$0	–	-6,614	–	-0.26%	–
IJH	Exit	iShares S&P MidCap 400	$0	–	-5,337	–	-0.27%	–
IVW	Exit	iShares S&P 500 Growth Index	$0	–	-5,816	–	-0.27%	–
ZBH	Exit	Zimmer Biomet Holdings Inc	$0	–	-8,440	–	-0.30%	–
HAL	Exit	Halliburton Company	$0	–	-62,238	–	-0.30%	–
	Exit	JPMorgan Growth Advantage-I	$0	–	-54,088	–	-0.31%	–
XOM	Exit	Exxon Mobil Corporation	$0	–	-17,041	–	-0.31%	–
VUG	Exit	Vanguard Growth ETF	$0	–	-7,293	–	-0.31%	–
ARES	Exit	Ares Management LP	$0	–	-46,432	–	-0.32%	–
FSLR	Exit	First Solar, Inc.	$0	–	-21,795	–	-0.33%	–
GVA	Exit	Granite Construction Inc	$0	–	-39,445	–	-0.33%	–
KO	Exit	Coca-Cola Company	$0	–	-24,209	–	-0.34%	–
SYK	Exit	Stryker Corp	$0	–	-6,363	–	-0.36%	–
CVX	Exit	Chevron Corp	$0	–	-12,277	–	-0.38%	–
	Exit	Primecap Odyssey Stock Fund	$0	–	-44,038	–	-0.38%	–
AIG	Exit	American Intl Group, Inc.	$0	–	-26,598	–	-0.38%	–
EADSY	Exit	Airbus SE	$0	–	-47,246	–	-0.40%	–
PEP	Exit	PepsiCo, Inc.	$0	–	-11,458	–	-0.41%	–
AON	Exit	Aon plc	$0	–	-8,480	–	-0.42%	–
BDX	Exit	Becton Dickinson & Co.	$0	–	-6,599	–	-0.43%	–
UPS	Exit	United Parcel Service Inc.	$0	–	-14,141	–	-0.44%	–
MSM	Exit	MSC Industrial Direct Co-A	$0	–	-25,150	–	-0.47%	–
ITW	Exit	Illinois Tool Works Inc.	$0	–	-11,955	–	-0.48%	–
DXC	Exit	DXC Technology	$0	–	-64,547	–	-0.49%	–
LIN	Exit	Linde PLC	$0	–	-9,887	–	-0.50%	–
SPYD	Exit	SPDR Portfolio S&P 500 High	$0	–	-50,774	–	-0.50%	–
ECA	Exit	Encana Corp	$0	–	-424,595	–	-0.51%	–
NCLH	Exit	Norwegian Cruise Line Hldgs	$0	–	-39,285	–	-0.53%	–
SPYV	Exit	SPDR Port S&P 500 Value	$0	–	-66,402	–	-0.55%	–
COST	Exit	Costco Wholesale Corp	$0	–	-7,708	–	-0.58%	–
	Exit	Dream Global Real Estate Inves	$0	–	-176,770	–	-0.58%	–
HD	Exit	Home Depot Inc.	$0	–	-9,704	–	-0.58%	–
FB	Exit	Facebook, Inc. cl A	$0	–	-12,700	–	-0.59%	–
MDT	Exit	Medtronic, PLC	$0	–	-20,928	–	-0.59%	–
BABA	Exit	Alibaba Group Holding Ltd	$0	–	-13,716	–	-0.59%	–
VZ	Exit	Verizon Communications, Inc.	$0	–	-38,163	–	-0.60%	–
WYND	Exit	Wyndham Destinations Inc	$0	–	-51,440	–	-0.61%	–
	Exit	USQ Core Real Estate Fund	$0	–	-92,743	–	-0.62%	–
LOW	Exit	Lowes Companies Inc.	$0	–	-22,188	–	-0.63%	–
KMX	Exit	CarMax Inc.	$0	–	-27,915	–	-0.64%	–
KMI	Exit	Kinder Morgan Inc cl P	$0	–	-119,665	–	-0.64%	–
KSS	Exit	Kohl's Corporation	$0	–	-50,300	–	-0.65%	–
DEO	Exit	Diageo PLC ADS	$0	–	-15,538	–	-0.66%	–
FSK	Exit	FS KKR Capital Corp	$0	–	-446,250	–	-0.67%	–
NXPI	Exit	NXP Semiconductors NV	$0	–	-24,050	–	-0.68%	–
HBNC	Exit	Horizon Bancorp IN	$0	–	-159,086	–	-0.72%	–
LH	Exit	Laboratory Corp of America	$0	–	-16,439	–	-0.72%	–
DIS	Exit	Walt Disney Company	$0	–	-21,394	–	-0.72%	–
AXP	Exit	American Express Co.	$0	–	-24,714	–	-0.76%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-21,211	–	-0.78%	–
T	Exit	AT&T Inc.	$0	–	-79,979	–	-0.78%	–
GS	Exit	Goldman Sachs Group Inc	$0	–	-14,645	–	-0.79%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-41,553	–	-0.79%	–
HBAN	Exit	Huntington Bancshares, Inc.	$0	–	-214,763	–	-0.79%	–
TM	Exit	Toyota Motor Corporation	$0	–	-22,865	–	-0.80%	–
SPYG	Exit	SPDR Portfolio S&P 500 Growth	$0	–	-79,363	–	-0.80%	–
	Exit	Elements US Portfolio	$0	–	-249,305	–	-0.81%	–
USB	Exit	U.S. Bancorp	$0	–	-56,896	–	-0.82%	–
FDX	Exit	FedEx Corp	$0	–	-22,980	–	-0.87%	–
RDSB	Exit	Royal Dutch Shell PLC - ADR B	$0	–	-56,024	–	-0.87%	–
VRSK	Exit	Verisk Analytics, Inc. cl A	$0	–	-21,419	–	-0.88%	–
NSRGY	Exit	Nestle S.A. ADR	$0	–	-32,381	–	-0.91%	–
UL	Exit	Unilever PLC ADR	$0	–	-62,598	–	-0.97%	–
PNC	Exit	PNC Financial Services	$0	–	-27,753	–	-1.01%	–
PKG	Exit	Packaging Corp of America	$0	–	-37,511	–	-1.03%	–
WLTW	Exit	Willis Towers Watson Plc Ltd	$0	–	-20,922	–	-1.05%	–
NVS	Exit	Novartis AG	$0	–	-47,068	–	-1.06%	–
IBM	Exit	IBM Corp	$0	–	-28,324	–	-1.07%	–
ABT	Exit	Abbott Laboratories	$0	–	-49,544	–	-1.07%	–
PRU	Exit	Prudential Financial Inc	$0	–	-46,758	–	-1.09%	–
PSX	Exit	Phillips 66	$0	–	-42,275	–	-1.12%	–
TXN	Exit	Texas Instruments, Inc.	$0	–	-33,622	–	-1.12%	–
CVS	Exit	CVS Health Corp.	$0	–	-69,102	–	-1.13%	–
GOOG	Exit	Alphabet Inc. Class C	$0	–	-3,584	–	-1.13%	–
QCOM	Exit	Qualcomm Inc.	$0	–	-60,440	–	-1.19%	–
MMM	Exit	3M Company	$0	–	-28,235	–	-1.20%	–
SU	Exit	Suncor Energy	$0	–	-151,468	–	-1.24%	–
ZTS	Exit	Zoetis Inc.	$0	–	-39,960	–	-1.29%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-100,815	–	-1.29%	–
MMC	Exit	Marsh & McLennan Company Inc	$0	–	-50,263	–	-1.30%	–
TMO	Exit	Thermo Fisher Scientific, Inc.	$0	–	-18,457	–	-1.39%	–
AAPL	Exit	Apple Inc.	$0	–	-24,992	–	-1.45%	–
SPTM	Exit	SPDR Port Total Stock Market	$0	–	-153,704	–	-1.46%	–
INTC	Exit	Intel Corporation	$0	–	-121,815	–	-1.63%	–
LNC	Exit	Lincoln National Corp	$0	–	-106,850	–	-1.67%	–
WHR	Exit	Whirlpool Corporation	$0	–	-41,225	–	-1.69%	–
ABBV	Exit	AbbVie Inc.	$0	–	-88,391	–	-1.73%	–
RE	Exit	Everest Re Group Ltd	$0	–	-26,115	–	-1.80%	–
MRK	Exit	Merck & Co. Inc.	$0	–	-85,282	–	-1.86%	–
AVY	Exit	Avery Dennison Corp.	$0	–	-63,926	–	-1.88%	–
BMY	Exit	Bristol-Myers Squibb Co.	$0	–	-157,116	–	-2.06%	–
BA	Exit	Boeing Company	$0	–	-21,201	–	-2.09%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-70,510	–	-2.15%	–
CFG	Exit	Citizens Financial Group	$0	–	-240,655	–	-2.20%	–
SPY	Exit	SPDR S&P 500 ETF Trust Series	$0	–	-29,303	–	-2.25%	–
MSFT	Exit	Microsoft Corporation	$0	–	-64,213	–	-2.31%	–
C	Exit	Citigroup Inc.	$0	–	-134,652	–	-2.41%	–
JNJ	Exit	Johnson & Johnson	$0	–	-72,425	–	-2.43%	–

Q3 2019

			Value		Shares		↓ Weighting
JNJ	Buy	Johnson & Johnson	$9,370,000	-1.6%	72,425	+5.9%	2.43%	-2.0%
C	Buy	Citigroup Inc.	$9,301,000	+4.3%	134,652	+5.8%	2.41%	+4.0%
MSFT	Sell	Microsoft Corporation	$8,927,000	-4.3%	64,213	-7.8%	2.31%	-4.6%
SPY	Sell	SPDR S&P 500 ETF Trust Series	$8,696,000	-2.8%	29,303	-4.0%	2.25%	-3.1%
CFG	Buy	Citizens Financial Group	$8,511,000	+1.8%	240,655	+1.8%	2.20%	+1.4%
JPM	Sell	JPMorgan Chase & Co	$8,298,000	+5.2%	70,510	-0.1%	2.15%	+4.8%
BA	Buy	Boeing Company	$8,066,000	+7.5%	21,201	+2.8%	2.09%	+7.1%
BMY	Sell	Bristol-Myers Squibb Co.	$7,967,000	+10.3%	157,116	-1.4%	2.06%	+9.9%
AVY	Sell	Avery Dennison Corp.	$7,260,000	-15.7%	63,926	-14.2%	1.88%	-16.1%
MRK	Buy	Merck & Co. Inc.	$7,179,000	+3.8%	85,282	+3.4%	1.86%	+3.5%
RE	Buy	Everest Re Group Ltd	$6,948,000	+7.8%	26,115	+0.1%	1.80%	+7.4%
ABBV	Sell	AbbVie Inc.	$6,693,000	-0.2%	88,391	-4.2%	1.73%	-0.5%
WHR	Sell	Whirlpool Corporation	$6,528,000	+7.6%	41,225	-3.3%	1.69%	+7.2%
LNC	Buy	Lincoln National Corp	$6,445,000	+11.4%	106,850	+19.0%	1.67%	+11.0%
INTC	Buy	Intel Corporation	$6,277,000	+11.1%	121,815	+3.2%	1.63%	+10.8%
SPTM	Buy	SPDR Port Total Stock Market	$5,647,000	+11.7%	153,704	+10.8%	1.46%	+11.3%
AAPL	Sell	Apple Inc.	$5,597,000	-2.4%	24,992	-13.7%	1.45%	-2.7%
TMO	Sell	Thermo Fisher Scientific, Inc.	$5,375,000	-2.0%	18,457	-1.2%	1.39%	-2.3%
MMC	Buy	Marsh & McLennan Company Inc	$5,028,000	+0.6%	50,263	+0.3%	1.30%	+0.2%
CSCO	Sell	Cisco Systems Inc.	$4,981,000	-10.2%	100,815	-0.6%	1.29%	-10.5%
ZTS	Sell	Zoetis Inc.	$4,978,000	+8.1%	39,960	-1.6%	1.29%	+7.6%
SU	Buy	Suncor Energy	$4,783,000	+4.7%	151,468	+3.3%	1.24%	+4.4%
MMM	Sell	3M Company	$4,641,000	-7.0%	28,235	-1.9%	1.20%	-7.3%
QCOM	Buy	Qualcomm Inc.	$4,610,000	+3.5%	60,440	+3.3%	1.19%	+3.2%
GOOG	Buy	Alphabet Inc. Class C	$4,368,000	+15.8%	3,584	+2.7%	1.13%	+15.4%
CVS	Buy	CVS Health Corp.	$4,358,000	+41.5%	69,102	+22.2%	1.13%	+40.9%
TXN	Sell	Texas Instruments, Inc.	$4,345,000	+11.8%	33,622	-0.7%	1.12%	+11.4%
PSX	Sell	Phillips 66	$4,329,000	+8.4%	42,275	-1.0%	1.12%	+8.0%
PRU	Buy	Prudential Financial Inc	$4,205,000	-9.8%	46,758	+1.3%	1.09%	-10.1%
ABT	Sell	Abbott Laboratories	$4,145,000	-1.2%	49,544	-0.7%	1.07%	-1.5%
IBM	Sell	IBM Corp	$4,118,000	+4.4%	28,324	-1.0%	1.07%	+4.0%
NVS	Sell	Novartis AG	$4,090,000	-12.6%	47,068	-8.2%	1.06%	-13.0%
WLTW	Sell	Willis Towers Watson Plc Ltd	$4,037,000	-5.5%	20,922	-6.2%	1.05%	-5.8%
PKG	Sell	Packaging Corp of America	$3,979,000	+5.7%	37,511	-5.0%	1.03%	+5.4%
PNC	Sell	PNC Financial Services	$3,889,000	-2.1%	27,753	-4.2%	1.01%	-2.5%
UL	Sell	Unilever PLC ADR	$3,762,000	-14.8%	62,598	-12.2%	0.97%	-15.2%
NSRGY	Sell	Nestle S.A. ADR	$3,510,000	-14.6%	32,381	-18.5%	0.91%	-14.9%
VRSK	Sell	Verisk Analytics, Inc. cl A	$3,387,000	+6.7%	21,419	-1.2%	0.88%	+6.3%
RDSB	Buy	Royal Dutch Shell PLC - ADR B	$3,355,000	-4.7%	56,024	+4.6%	0.87%	-5.0%
FDX	Buy	FedEx Corp	$3,345,000	-7.6%	22,980	+4.2%	0.87%	-8.0%
USB	Sell	U.S. Bancorp	$3,148,000	+5.1%	56,896	-0.5%	0.82%	+4.6%
	Sell	Elements US Portfolio	$3,123,000	-7.8%	249,305	-9.3%	0.81%	-8.1%
SPYG	Buy	SPDR Portfolio S&P 500 Growth	$3,086,000	+20.1%	79,363	+19.6%	0.80%	+19.6%
TM	Sell	Toyota Motor Corporation	$3,075,000	-19.9%	22,865	-26.1%	0.80%	-20.2%
HBAN	Buy	Huntington Bancshares, Inc.	$3,064,000	+11.1%	214,763	+7.6%	0.79%	+10.7%
CL	Sell	Colgate-Palmolive Co	$3,054,000	+0.4%	41,553	-2.1%	0.79%	+0.1%
GS	Buy	Goldman Sachs Group Inc	$3,034,000	+2.8%	14,645	+1.5%	0.79%	+2.5%
T	Buy	AT&T Inc.	$3,026,000	+23.5%	79,979	+9.3%	0.78%	+23.1%
KMB	Buy	Kimberly-Clark Corp.	$3,013,000	+8.4%	21,211	+1.7%	0.78%	+8.0%
AXP	Sell	American Express Co.	$2,923,000	-6.3%	24,714	-2.3%	0.76%	-6.7%
DIS	Buy	Walt Disney Company	$2,788,000	-3.9%	21,394	+2.9%	0.72%	-4.2%
HBNC	Buy	Horizon Bancorp IN	$2,761,000	+10.0%	159,086	+3.6%	0.72%	+9.7%
LH	Buy	Laboratory Corp of America	$2,761,000	-2.5%	16,439	+0.3%	0.72%	-2.9%
NXPI	Buy	NXP Semiconductors NV	$2,624,000	+18.9%	24,050	+6.4%	0.68%	+18.7%
FSK	Buy	FS KKR Capital Corp	$2,601,000	+5.2%	446,250	+7.6%	0.67%	+4.8%
DEO	Sell	Diageo PLC ADS	$2,540,000	-7.0%	15,538	-2.0%	0.66%	-7.3%
KSS	New	Kohl's Corporation	$2,497,000	–	50,300	–	0.65%	–
KMI	Buy	Kinder Morgan Inc cl P	$2,466,000	+10.5%	119,665	+11.9%	0.64%	+10.2%
KMX	Sell	CarMax Inc.	$2,456,000	-5.0%	27,915	-6.3%	0.64%	-5.4%
LOW	Buy	Lowes Companies Inc.	$2,439,000	+18.3%	22,188	+8.6%	0.63%	+17.9%
	Buy	USQ Core Real Estate Fund	$2,380,000	+153.5%	92,743	+154.0%	0.62%	+152.5%
WYND	Buy	Wyndham Destinations Inc	$2,367,000	+7.6%	51,440	+2.6%	0.61%	+7.2%
VZ	Buy	Verizon Communications, Inc.	$2,303,000	+6.5%	38,163	+0.8%	0.60%	+6.0%
BABA	Buy	Alibaba Group Holding Ltd	$2,293,000	-0.3%	13,716	+1.0%	0.59%	-0.7%
MDT	Sell	Medtronic, PLC	$2,273,000	+7.3%	20,928	-3.8%	0.59%	+6.9%
FB	Sell	Facebook, Inc. cl A	$2,261,000	-21.9%	12,700	-15.4%	0.59%	-22.2%
HD	Buy	Home Depot Inc.	$2,251,000	+15.1%	9,704	+3.2%	0.58%	+14.8%
	Sell	Dream Global Real Estate Inves	$2,219,000	+11.8%	176,770	-7.1%	0.58%	+11.4%
COST	Buy	Costco Wholesale Corp	$2,220,000	+11.5%	7,708	+2.3%	0.58%	+11.0%
SPYV	Buy	SPDR Port S&P 500 Value	$2,122,000	+7.1%	66,402	+4.8%	0.55%	+6.8%
NCLH	Buy	Norwegian Cruise Line Hldgs	$2,033,000	+10.4%	39,285	+14.4%	0.53%	+10.0%
ECA	Buy	Encana Corp	$1,953,000	+3.6%	424,595	+15.5%	0.51%	+3.3%
SPYD	Buy	SPDR Portfolio S&P 500 High	$1,928,000	+9.5%	50,774	+9.6%	0.50%	+9.0%
LIN	Sell	Linde PLC	$1,915,000	-8.4%	9,887	-5.1%	0.50%	-8.8%
DXC	Buy	DXC Technology	$1,904,000	+67.3%	64,547	+212.8%	0.49%	+66.6%
ITW	Sell	Illinois Tool Works Inc.	$1,870,000	+2.7%	11,955	-1.0%	0.48%	+2.3%
MSM	New	MSC Industrial Direct Co-A	$1,824,000	–	25,150	–	0.47%	–
UPS	Sell	United Parcel Service Inc.	$1,694,000	-50.0%	14,141	-56.9%	0.44%	-50.2%
BDX	Sell	Becton Dickinson & Co.	$1,669,000	-2.6%	6,599	-3.0%	0.43%	-3.1%
AON	Sell	Aon plc	$1,641,000	-3.9%	8,480	-4.2%	0.42%	-4.3%
PEP	Buy	PepsiCo, Inc.	$1,570,000	+8.1%	11,458	+3.5%	0.41%	+8.0%
EADSY	Buy	Airbus SE	$1,534,000	-2.8%	47,246	+5.7%	0.40%	-3.2%
AIG	Sell	American Intl Group, Inc.	$1,481,000	+3.2%	26,598	-1.3%	0.38%	+2.9%
SYK	Buy	Stryker Corp	$1,376,000	+7.3%	6,363	+2.0%	0.36%	+6.9%
KO	Sell	Coca-Cola Company	$1,317,000	+5.6%	24,209	-1.2%	0.34%	+5.2%
GVA	Buy	Granite Construction Inc	$1,267,000	-33.1%	39,445	+0.4%	0.33%	-33.3%
FSLR	Sell	First Solar, Inc.	$1,264,000	-12.2%	21,795	-0.6%	0.33%	-12.6%
ARES	Sell	Ares Management LP	$1,244,000	-54.7%	46,432	-55.7%	0.32%	-54.8%
VUG	Sell	Vanguard Growth ETF	$1,212,000	-20.2%	7,293	-21.6%	0.31%	-20.5%
XOM	Sell	Exxon Mobil Corporation	$1,203,000	-9.7%	17,041	-2.0%	0.31%	-9.8%
HAL	Sell	Halliburton Company	$1,173,000	-70.7%	62,238	-64.7%	0.30%	-70.8%
ZBH	Buy	Zimmer Biomet Holdings Inc	$1,158,000	+16.9%	8,440	+0.2%	0.30%	+16.3%
VTI	Sell	Vanguard Total Stock Mkt	$998,000	-2.5%	6,614	-3.1%	0.26%	-3.0%
LSTR	Sell	Landstar System Inc.	$980,000	-31.8%	8,707	-34.6%	0.25%	-32.1%
WHF	Sell	WhiteHorse Finance Inc.	$969,000	-0.1%	69,588	-1.4%	0.25%	-0.4%
VYM	Sell	Vanguard High Dividend Yield E	$929,000	+0.2%	10,471	-1.4%	0.24%	0.0%
BRKB	Buy	Berkshire Hathaway Class B	$894,000	+1.5%	4,300	+4.0%	0.23%	+1.3%
IR	Sell	Ingersoll-Rand Plc	$863,000	-3.3%	7,012	-0.5%	0.22%	-3.4%
NVDA	Sell	NVIDIA Corp	$853,000	-29.4%	4,905	-33.4%	0.22%	-29.6%
BIZD	New	VanEck Vectors BDC Inc ETF	$823,000	–	48,821	–	0.21%	–
IWD	Buy	iShares Russell 1000 Value	$810,000	+47.5%	6,321	+46.3%	0.21%	+46.9%
VTV	Sell	Vanguard Value ETF	$801,000	-2.0%	7,185	-2.5%	0.21%	-2.4%
	Buy	Predex-I	$797,000	+55.1%	30,585	+55.6%	0.21%	+53.7%
ADBE	Buy	Adobe Systems Inc.	$766,000	-5.4%	2,775	+0.9%	0.20%	-6.2%
GOOGL	Sell	Alphabet Inc. Class A	$749,000	+12.0%	614	-0.6%	0.19%	+11.5%
PG	Buy	Procter & Gamble Co.	$722,000	+13.5%	5,811	+0.1%	0.19%	+13.3%
	New	Deer Park Total Return Credit	$672,000	–	61,234	–	0.17%	–
HON	Buy	Honeywell Intl Inc	$666,000	-3.1%	3,939	+0.1%	0.17%	-3.9%
PFE	Buy	Pfizer Inc.	$642,000	-15.7%	17,878	+1.6%	0.17%	-16.2%
CMCSA	Buy	Comcast cl A	$635,000	+47.0%	14,094	+37.6%	0.16%	+46.4%
ALC	Sell	Alcon	$619,000	-10.2%	10,626	-4.3%	0.16%	-10.6%
CSIQ	Buy	Canadian Solar Inc	$610,000	-8.5%	32,345	+5.8%	0.16%	-8.7%
DVN	Sell	Devon Energy Corp	$587,000	-22.4%	24,413	-7.9%	0.15%	-22.8%
FNF	Sell	Fidelity National Financial, I	$586,000	+5.2%	13,205	-4.5%	0.15%	+4.8%
UNP	Buy	Union Pacific Corp.	$546,000	-3.5%	3,372	+0.6%	0.14%	-4.1%
PM	Buy	Philip Morris Intl	$532,000	-3.1%	7,009	+0.1%	0.14%	-3.5%
AWK	Sell	American Water Works	$502,000	+3.9%	4,042	-3.0%	0.13%	+3.2%
MELI	Sell	Mercadolibre	$457,000	-10.9%	830	-1.2%	0.12%	-11.3%
UTX	Sell	United Technologies Corp	$401,000	+3.4%	2,940	-1.5%	0.10%	+3.0%
AMZN	Buy	Amazon.com Inc.	$385,000	+14.9%	222	+25.4%	0.10%	+14.9%
SLB	Sell	Schlumberger Ltd.	$386,000	-24.0%	11,316	-11.5%	0.10%	-24.2%
WM	Buy	Waste Management Inc.	$376,000	+3.6%	3,270	+3.8%	0.10%	+3.2%
IWF	New	iShares Russell 1000 Growth	$361,000	–	2,267	–	0.09%	–
EPD	New	Enterprise Products Part LP	$360,000	–	12,625	–	0.09%	–
VB	Buy	Vanguard Small Cap ETF	$355,000	+4.1%	2,311	+6.0%	0.09%	+3.4%
V	Buy	VISA Inc.	$338,000	+0.9%	1,970	+1.8%	0.09%	+1.1%
MCD	Sell	McDonald's Corp.	$322,000	-1.5%	1,500	-4.8%	0.08%	-2.4%
	Sell	Vanguard 500 Index-Adm	$322,000	-6.4%	1,173	-7.5%	0.08%	-6.7%
NBL	Buy	Noble Energy Inc.	$305,000	+2.3%	13,605	+2.3%	0.08%	+2.6%
COP	Sell	ConocoPhillips	$296,000	-14.7%	5,200	-8.8%	0.08%	-14.4%
ACN	Buy	Accenture Plc	$293,000	+5.0%	1,525	+1.0%	0.08%	+4.1%
PYPL	Buy	Paypal Holdings	$293,000	+6.2%	2,835	+17.4%	0.08%	+5.6%
BAC	Buy	Bank of America Corp	$295,000	+21.9%	10,136	+21.2%	0.08%	+20.6%
MPW	Buy	Medical Properties Trust Inc	$285,000	+49.2%	14,591	+32.8%	0.07%	+48.0%
CMG	Buy	Chipotle Mexican Grill	$281,000	+22.2%	335	+6.3%	0.07%	+21.7%
IWR	New	iShares Russell Midcap ETF	$279,000	–	5,000	–	0.07%	–
IAC	Sell	IAC/InterActiveCorp	$263,000	-4.0%	1,210	-4.0%	0.07%	-4.2%
	New	JPMorgan Small Cap Equity Fund	$263,000	–	4,529	–	0.07%	–
RPM	Sell	RPM International, Inc.	$262,000	+5.2%	3,815	-6.7%	0.07%	+4.6%
VEEV	Buy	Veeva Systems Inc-Class A	$263,000	-3.7%	1,725	+2.4%	0.07%	-4.2%
VSS	Sell	Vanguard FTSE All-World Ex	$242,000	-6.2%	2,374	-3.2%	0.06%	-6.0%
	New	Akre Focus Fund Institutional	$217,000	–	4,783	–	0.06%	–
YUMC	Sell	Yum China Holdings	$206,000	-9.3%	4,535	-8.1%	0.05%	-10.2%
	Sell	Elements US Small Cap Portfoli	$165,000	-18.7%	15,347	-18.6%	0.04%	-18.9%
CBWTF	Exit	Auxly Cannabis Group Inc	$0	–	-12,210	–	-0.00%	–
	Exit	Mirae Emerging Markets-A	$0	–	-18,739	–	-0.06%	–
VO	Exit	Vanguard Mid-Cap ETF	$0	–	-1,533	–	-0.07%	–
SPEM	Exit	SPSR Portfolio Emerging Market	$0	–	-9,169	–	-0.08%	–
	Exit	Mirae Asset Emerging Markets-I	$0	–	-221,064	–	-0.68%	–
	Exit	Van Eck Emergin Markets Fund	$0	–	-153,310	–	-0.70%	–

Q2 2019

			Value		Shares		↓ Weighting
JNJ	New	Johnson & Johnson	$9,526,000	–	68,395	–	2.48%	–
MSFT	New	Microsoft Corporation	$9,327,000	–	69,625	–	2.42%	–
SPY	New	SPDR S&P 500 ETF Trust Series	$8,943,000	–	30,524	–	2.32%	–
C	New	Citigroup Inc.	$8,914,000	–	127,302	–	2.32%	–
AVY	New	Avery Dennison Corp.	$8,616,000	–	74,489	–	2.24%	–
CFG	New	Citizens Financial Group	$8,362,000	–	236,505	–	2.17%	–
JPM	New	JPMorgan Chase & Co	$7,887,000	–	70,550	–	2.05%	–
BA	New	Boeing Company	$7,506,000	–	20,621	–	1.95%	–
BMY	New	Bristol-Myers Squibb Co.	$7,225,000	–	159,321	–	1.88%	–
MRK	New	Merck & Co. Inc.	$6,914,000	–	82,468	–	1.80%	–
ABBV	New	AbbVie Inc.	$6,706,000	–	92,226	–	1.74%	–
RE	New	Everest Re Group Ltd	$6,446,000	–	26,082	–	1.68%	–
WHR	New	Whirlpool Corporation	$6,065,000	–	42,610	–	1.58%	–
LNC	New	Lincoln National Corp	$5,785,000	–	89,765	–	1.50%	–
AAPL	New	Apple Inc.	$5,734,000	–	28,975	–	1.49%	–
INTC	New	Intel Corporation	$5,649,000	–	118,010	–	1.47%	–
CSCO	New	Cisco Systems Inc.	$5,549,000	–	101,395	–	1.44%	–
TMO	New	Thermo Fisher Scientific, Inc.	$5,483,000	–	18,672	–	1.42%	–
SPTM	New	SPDR Port Total Stock Market	$5,057,000	–	138,709	–	1.32%	–
MMC	New	Marsh & McLennan Company Inc	$5,000,000	–	50,128	–	1.30%	–
MMM	New	3M Company	$4,991,000	–	28,795	–	1.30%	–
NVS	New	Novartis AG	$4,680,000	–	51,258	–	1.22%	–
PRU	New	Prudential Financial Inc	$4,661,000	–	46,151	–	1.21%	–
ZTS	New	Zoetis Inc.	$4,607,000	–	40,600	–	1.20%	–
SU	New	Suncor Energy	$4,567,000	–	146,588	–	1.19%	–
QCOM	New	Qualcomm Inc.	$4,452,000	–	58,535	–	1.16%	–
UL	New	Unilever PLC ADR	$4,418,000	–	71,295	–	1.15%	–
WLTW	New	Willis Towers Watson Plc Ltd	$4,271,000	–	22,300	–	1.11%	–
ABT	New	Abbott Laboratories	$4,195,000	–	49,889	–	1.09%	–
NSRGY	New	Nestle S.A. ADR	$4,108,000	–	39,732	–	1.07%	–
HAL	New	Halliburton Company	$4,009,000	–	176,310	–	1.04%	–
PSX	New	Phillips 66	$3,995,000	–	42,710	–	1.04%	–
PNC	New	PNC Financial Services	$3,974,000	–	28,955	–	1.03%	–
IBM	New	IBM Corp	$3,946,000	–	28,619	–	1.03%	–
TXN	New	Texas Instruments, Inc.	$3,886,000	–	33,867	–	1.01%	–
TM	New	Toyota Motor Corporation	$3,838,000	–	30,955	–	1.00%	–
GOOG	New	Alphabet Inc. Class C	$3,771,000	–	3,489	–	0.98%	–
PKG	New	Packaging Corp of America	$3,764,000	–	39,496	–	0.98%	–
FDX	New	FedEx Corp	$3,619,000	–	22,045	–	0.94%	–
RDSB	New	Royal Dutch Shell PLC - ADR B	$3,521,000	–	53,574	–	0.92%	–
UPS	New	United Parcel Service Inc.	$3,388,000	–	32,812	–	0.88%	–
	New	Elements US Portfolio	$3,387,000	–	274,721	–	0.88%	–
VRSK	New	Verisk Analytics, Inc. cl A	$3,174,000	–	21,673	–	0.82%	–
AXP	New	American Express Co.	$3,121,000	–	25,289	–	0.81%	–
CVS	New	CVS Health Corp.	$3,080,000	–	56,532	–	0.80%	–
CL	New	Colgate-Palmolive Co	$3,041,000	–	42,438	–	0.79%	–
USB	New	U.S. Bancorp	$2,996,000	–	57,181	–	0.78%	–
GS	New	Goldman Sachs Group Inc	$2,952,000	–	14,430	–	0.77%	–
DIS	New	Walt Disney Company	$2,901,000	–	20,782	–	0.75%	–
FB	New	Facebook, Inc. cl A	$2,895,000	–	15,005	–	0.75%	–
LH	New	Laboratory Corp of America	$2,833,000	–	16,389	–	0.74%	–
KMB	New	Kimberly-Clark Corp.	$2,779,000	–	20,856	–	0.72%	–
HBAN	New	Huntington Bancshares, Inc.	$2,757,000	–	199,528	–	0.72%	–
ARES	New	Ares Management LP	$2,744,000	–	104,882	–	0.71%	–
DEO	New	Diageo PLC ADS	$2,730,000	–	15,848	–	0.71%	–
	New	Van Eck Emergin Markets Fund	$2,675,000	–	153,310	–	0.70%	–
	New	Mirae Asset Emerging Markets-I	$2,617,000	–	221,064	–	0.68%	–
KMX	New	CarMax Inc.	$2,585,000	–	29,780	–	0.67%	–
SPYG	New	SPDR Portfolio S&P 500 Growth	$2,570,000	–	66,358	–	0.67%	–
HBNC	New	Horizon Bancorp IN	$2,509,000	–	153,585	–	0.65%	–
FSK	New	FS KKR Capital Corp	$2,472,000	–	414,875	–	0.64%	–
T	New	AT&T Inc.	$2,451,000	–	73,163	–	0.64%	–
BABA	New	Alibaba Group Holding Ltd	$2,300,000	–	13,578	–	0.60%	–
KMI	New	Kinder Morgan Inc cl P	$2,232,000	–	106,910	–	0.58%	–
NXPI	New	NXP Semiconductors NV	$2,206,000	–	22,610	–	0.57%	–
WYND	New	Wyndham Destinations Inc	$2,200,000	–	50,115	–	0.57%	–
VZ	New	Verizon Communications, Inc.	$2,163,000	–	37,872	–	0.56%	–
MDT	New	Medtronic, PLC	$2,118,000	–	21,753	–	0.55%	–
LIN	New	Linde PLC	$2,091,000	–	10,417	–	0.54%	–
LOW	New	Lowes Companies Inc.	$2,061,000	–	20,433	–	0.54%	–
COST	New	Costco Wholesale Corp	$1,991,000	–	7,538	–	0.52%	–
	New	Dream Global Real Estate Inves	$1,984,000	–	190,320	–	0.52%	–
SPYV	New	SPDR Port S&P 500 Value	$1,981,000	–	63,334	–	0.52%	–
HD	New	Home Depot Inc.	$1,955,000	–	9,404	–	0.51%	–
GVA	New	Granite Construction Inc	$1,893,000	–	39,300	–	0.49%	–
ECA	New	Encana Corp	$1,885,000	–	367,500	–	0.49%	–
NCLH	New	Norwegian Cruise Line Hldgs	$1,841,000	–	34,330	–	0.48%	–
ITW	New	Illinois Tool Works Inc.	$1,821,000	–	12,080	–	0.47%	–
SPYD	New	SPDR Portfolio S&P 500 High	$1,761,000	–	46,312	–	0.46%	–
BDX	New	Becton Dickinson & Co.	$1,714,000	–	6,804	–	0.45%	–
AON	New	Aon plc	$1,708,000	–	8,855	–	0.44%	–
EADSY	New	Airbus SE	$1,579,000	–	44,681	–	0.41%	–
CVX	New	Chevron Corp	$1,527,000	–	12,277	–	0.40%	–
VUG	New	Vanguard Growth ETF	$1,519,000	–	9,299	–	0.40%	–
	New	Primecap Odyssey Stock Fund	$1,453,000	–	44,038	–	0.38%	–
PEP	New	PepsiCo, Inc.	$1,452,000	–	11,073	–	0.38%	–
LSTR	New	Landstar System Inc.	$1,438,000	–	13,317	–	0.37%	–
FSLR	New	First Solar, Inc.	$1,440,000	–	21,925	–	0.37%	–
AIG	New	American Intl Group, Inc.	$1,435,000	–	26,948	–	0.37%	–
XOM	New	Exxon Mobil Corporation	$1,332,000	–	17,393	–	0.35%	–
SYK	New	Stryker Corp	$1,282,000	–	6,240	–	0.33%	–
KO	New	Coca-Cola Company	$1,247,000	–	24,507	–	0.32%	–
	New	JPMorgan Growth Advantage-I	$1,218,000	–	54,088	–	0.32%	–
NVDA	New	NVIDIA Corp	$1,208,000	–	7,360	–	0.31%	–
DXC	New	DXC Technology	$1,138,000	–	20,637	–	0.30%	–
IVW	New	iShares S&P 500 Growth Index	$1,042,000	–	5,816	–	0.27%	–
IJH	New	iShares S&P MidCap 400	$1,036,000	–	5,337	–	0.27%	–
VTI	New	Vanguard Total Stock Mkt	$1,024,000	–	6,823	–	0.27%	–
RDSA	New	Royal Dutch Shell PLC - ADR A	$1,001,000	–	15,395	–	0.26%	–
ZBH	New	Zimmer Biomet Holdings Inc	$991,000	–	8,425	–	0.26%	–
WHF	New	WhiteHorse Finance Inc.	$970,000	–	70,571	–	0.25%	–
	New	USQ Core Real Estate Fund	$939,000	–	36,506	–	0.24%	–
VYM	New	Vanguard High Dividend Yield E	$927,000	–	10,616	–	0.24%	–
IR	New	Ingersoll-Rand Plc	$892,000	–	7,044	–	0.23%	–
BRKB	New	Berkshire Hathaway Class B	$881,000	–	4,135	–	0.23%	–
LLY	New	Eli Lilly & Co.	$866,000	–	7,825	–	0.22%	–
VTV	New	Vanguard Value ETF	$817,000	–	7,369	–	0.21%	–
ADBE	New	Adobe Systems Inc.	$810,000	–	2,750	–	0.21%	–
PFE	New	Pfizer Inc.	$762,000	–	17,604	–	0.20%	–
DVN	New	Devon Energy Corp	$756,000	–	26,513	–	0.20%	–
ADI	New	Analog Devices Inc.	$717,000	–	6,355	–	0.19%	–
LAZ	New	Lazard Ltd.	$691,000	–	20,109	–	0.18%	–
HON	New	Honeywell Intl Inc	$687,000	–	3,937	–	0.18%	–
ALC	New	Alcon	$689,000	–	11,103	–	0.18%	–
GOOGL	New	Alphabet Inc. Class A	$669,000	–	618	–	0.17%	–
CSIQ	New	Canadian Solar Inc	$667,000	–	30,560	–	0.17%	–
ECL	New	Ecolab Inc	$643,000	–	3,258	–	0.17%	–
PG	New	Procter & Gamble Co.	$636,000	–	5,807	–	0.16%	–
YUM	New	Yum! Brands, Inc.	$579,000	–	5,235	–	0.15%	–
APD	New	Air Products & Chemicals	$577,000	–	2,550	–	0.15%	–
AFL	New	AFLAC Inc.	$575,000	–	10,500	–	0.15%	–
UNP	New	Union Pacific Corp.	$566,000	–	3,351	–	0.15%	–
FNF	New	Fidelity National Financial, I	$557,000	–	13,830	–	0.14%	–
IWD	New	iShares Russell 1000 Value	$549,000	–	4,320	–	0.14%	–
PM	New	Philip Morris Intl	$549,000	–	7,000	–	0.14%	–
VFC	New	V.F. Corporation	$527,000	–	6,042	–	0.14%	–
UN	New	Unilever N.V.	$524,000	–	8,639	–	0.14%	–
	New	Predex-I	$514,000	–	19,657	–	0.13%	–
MELI	New	Mercadolibre	$513,000	–	840	–	0.13%	–
SLB	New	Schlumberger Ltd.	$508,000	–	12,791	–	0.13%	–
DTD	New	WisdomTree Total Dividend	$499,000	–	5,143	–	0.13%	–
AWK	New	American Water Works	$483,000	–	4,167	–	0.13%	–
ALLE	New	Allegion plc	$473,000	–	4,286	–	0.12%	–
ADP	New	Automatic Data Processing Inc.	$472,000	–	2,855	–	0.12%	–
DHR	New	Danaher Corporation	$433,000	–	3,031	–	0.11%	–
MKC	New	McCormick & Co, Inc.	$434,000	–	2,800	–	0.11%	–
CMCSA	New	Comcast cl A	$432,000	–	10,240	–	0.11%	–
UTX	New	United Technologies Corp	$388,000	–	2,985	–	0.10%	–
UVSP	New	Univest Corp of Penn.	$386,000	–	14,714	–	0.10%	–
OCFC	New	OceanFirst Financial Corp	$368,000	–	14,830	–	0.10%	–
WM	New	Waste Management Inc.	$363,000	–	3,150	–	0.09%	–
SBUX	New	Starbucks Corporation	$356,000	–	4,250	–	0.09%	–
PPG	New	PPG Industries Inc.	$350,000	–	3,000	–	0.09%	–
COP	New	ConocoPhillips	$347,000	–	5,700	–	0.09%	–
VB	New	Vanguard Small Cap ETF	$341,000	–	2,180	–	0.09%	–
MDY	New	SPDR S&P MidCap 400 ETF Trust	$341,000	–	963	–	0.09%	–
	New	Vanguard 500 Index-Adm	$344,000	–	1,268	–	0.09%	–
	New	Fidelity 500 Index Instl Premi	$338,000	–	3,293	–	0.09%	–
AMZN	New	Amazon.com Inc.	$335,000	–	177	–	0.09%	–
V	New	VISA Inc.	$335,000	–	1,935	–	0.09%	–
MCD	New	McDonald's Corp.	$327,000	–	1,575	–	0.08%	–
SPEM	New	SPSR Portfolio Emerging Market	$328,000	–	9,169	–	0.08%	–
	New	Fidelity Total Market Index	$299,000	–	3,584	–	0.08%	–
NBL	New	Noble Energy Inc.	$298,000	–	13,305	–	0.08%	–
DOV	New	Dover Corporation	$285,000	–	2,850	–	0.07%	–
	New	Davis New York Venture Fund	$285,000	–	10,359	–	0.07%	–
ACN	New	Accenture Plc	$279,000	–	1,510	–	0.07%	–
THG	New	Hanover Insurance Grp (The)	$282,000	–	2,199	–	0.07%	–
PYPL	New	Paypal Holdings	$276,000	–	2,415	–	0.07%	–
IAC	New	IAC/InterActiveCorp	$274,000	–	1,260	–	0.07%	–
VEEV	New	Veeva Systems Inc-Class A	$273,000	–	1,685	–	0.07%	–
DLTR	New	Dollar Tree, Inc.	$268,000	–	2,500	–	0.07%	–
VO	New	Vanguard Mid-Cap ETF	$256,000	–	1,533	–	0.07%	–
VSS	New	Vanguard FTSE All-World Ex	$258,000	–	2,452	–	0.07%	–
RPM	New	RPM International, Inc.	$249,000	–	4,090	–	0.06%	–
TRV	New	The Travelers Companies	$247,000	–	1,655	–	0.06%	–
BAC	New	Bank of America Corp	$242,000	–	8,366	–	0.06%	–
SBR	New	Sabine Royalty Trust	$241,000	–	5,000	–	0.06%	–
DOX	New	Amdocs Limited	$234,000	–	3,775	–	0.06%	–
CMG	New	Chipotle Mexican Grill	$230,000	–	315	–	0.06%	–
YUMC	New	Yum China Holdings	$227,000	–	4,935	–	0.06%	–
ORCL	New	Oracle Corporation	$222,000	–	3,910	–	0.06%	–
	New	Mirae Emerging Markets-A	$218,000	–	18,739	–	0.06%	–
IVV	New	iShares Core S&P 500 Index Fun	$218,000	–	740	–	0.06%	–
	New	AIM Charter Fund Income	$207,000	–	11,968	–	0.05%	–
	New	Elements US Small Cap Portfoli	$203,000	–	18,863	–	0.05%	–
HBI	New	Hanesbrands, Inc.	$200,000	–	11,625	–	0.05%	–
FHN	New	First Horizon National Corp	$194,000	–	13,050	–	0.05%	–
MPW	New	Medical Properties Trust Inc	$191,000	–	10,991	–	0.05%	–
	New	Hudson's Bay Co	$118,000	–	16,136	–	0.03%	–
CBWTF	New	Auxly Cannabis Group Inc	$7,000	–	12,210	–	0.00%	–
SGRZ	New	Stonepath Group Inc	$0	–	138,000	–	0.00%	–
MTSXY	New	Metal Storm Limited-Spon ADR	$0	–	22,750	–	0.00%	–
AITX	New	Airtrax	$0	–	33,200	–	0.00%	–
AHNA	New	ATC Healthcare Inc-A	$0	–	21,930	–	0.00%	–

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