ARGUS INVESTORS' COUNSEL, INC. Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
NVDA	Sell	Nvidia Corp	$5,485,795	-0.3%	12,611	-3.0%	3.95%	+3.6%
AAPL	Buy	Apple Inc	$4,587,989	-11.5%	26,797	+0.3%	3.31%	-8.0%
COST	Sell	Costco Whsl Corp	$4,408,718	+4.4%	7,804	-0.5%	3.18%	+8.5%
LLY	Buy	Eli Lilly and Company	$4,172,684	+15.4%	7,768	+0.8%	3.01%	+19.9%
GOOGL	Buy	Alphabet Inc	$3,755,473	+9.7%	28,698	+0.3%	2.71%	+14.0%
JPM	Sell	JPMorgan Chase & Co	$3,555,018	-0.5%	24,514	-0.2%	2.56%	+3.3%
ODFL	Buy	Old Dominion Frt Line	$3,307,874	+12.6%	8,085	+1.7%	2.38%	+17.0%
ADBE	Sell	Adobe Inc	$3,045,448	-3.7%	5,973	-7.7%	2.19%	+0.0%
MSFT	Sell	Microsoft Corp	$2,972,301	-9.4%	9,413	-2.3%	2.14%	-5.8%
BLK	Buy	BlackRock Inc	$2,903,009	-6.1%	4,490	+0.4%	2.09%	-2.4%
V	Sell	Visa Inc	$2,888,063	-3.4%	12,556	-0.3%	2.08%	+0.4%
MCD	Sell	McDonalds Corp	$2,818,218	-11.7%	10,698	-0.0%	2.03%	-8.3%
APD	Sell	Air Prods & Chems Inc	$2,561,675	-5.7%	9,039	-0.3%	1.85%	-2.0%
UNP	Sell	Union Pac Corp	$2,447,054	-0.5%	12,017	-0.0%	1.76%	+3.3%
XOM	Buy	Exxon Mobil Corp	$2,392,753	+11.3%	20,350	+1.5%	1.72%	+15.6%
SYK	Sell	Stryker Corp	$2,203,373	-12.8%	8,063	-2.7%	1.59%	-9.5%
ADP	Sell	Automatic Data Processing Inc	$2,121,845	+6.1%	8,820	-3.1%	1.53%	+10.3%
HD	Sell	Home Depot Inc	$2,016,190	-5.2%	6,673	-2.5%	1.45%	-1.4%
SPGI	Buy	S&P Global Inc	$1,829,699	-7.1%	5,007	+1.9%	1.32%	-3.5%
AMT	Buy	American Twr Corp-REIT	$1,820,143	-2.4%	11,068	+15.1%	1.31%	+1.4%
CAT	Sell	Caterpillar Inc	$1,801,800	+4.0%	6,600	-6.2%	1.30%	+8.1%
FB	Buy	Meta Platforms Inc	$1,748,723	+7.7%	5,825	+3.0%	1.26%	+12.0%
AMZN	Sell	Amazon.com Inc	$1,746,120	-6.0%	13,736	-3.6%	1.26%	-2.3%
TJX	Sell	TJX Companies	$1,714,495	+1.1%	19,290	-3.6%	1.24%	+5.0%
ADI	Buy	Analog Devices Inc	$1,707,877	-6.3%	9,754	+4.3%	1.23%	-2.6%
ZTS	Sell	Zoetis Inc	$1,702,916	-2.1%	9,788	-3.1%	1.23%	+1.7%
AMGN	Buy	Amgen Inc	$1,687,007	+24.6%	6,277	+2.9%	1.22%	+29.4%
NEE	Buy	NextEra Energy Inc	$1,613,849	-18.3%	28,170	+5.8%	1.16%	-15.1%
AXP	Sell	American Express Co	$1,611,252	-17.0%	10,800	-3.1%	1.16%	-13.7%
WMT	Sell	Walmart Inc	$1,590,504	-2.8%	9,945	-4.5%	1.15%	+1.0%
EMR	Buy	Emerson Elec Co	$1,586,645	+7.4%	16,430	+0.5%	1.14%	+11.5%
CSCO	Sell	Cisco Sys Inc	$1,578,125	+0.5%	29,355	-3.3%	1.14%	+4.4%
NFLX	Sell	Netflix Inc	$1,554,202	-17.3%	4,116	-3.5%	1.12%	-14.0%
NUE	Sell	Nucor Corp	$1,543,331	-8.5%	9,871	-4.1%	1.11%	-5.0%
ITW	Sell	Illinois Tool Wks Inc	$1,536,168	-11.8%	6,670	-4.2%	1.11%	-8.3%
TMO	Sell	Thermo Fisher Scientific	$1,522,231	-17.8%	3,007	-15.3%	1.10%	-14.6%
AVGO	Sell	Broadcom Inc	$1,515,808	-23.0%	1,825	-19.6%	1.09%	-20.0%
MAR	Buy	Marriott International	$1,510,760	+8.3%	7,686	+1.2%	1.09%	+12.5%
PEP	Sell	PepsiCo Inc	$1,464,470	-11.3%	8,643	-3.0%	1.06%	-7.9%
JNJ	Sell	Johnson & Johnson	$1,449,721	-9.1%	9,308	-3.4%	1.04%	-5.6%
PG	Sell	Procter & Gamble Co	$1,449,119	-7.8%	9,935	-4.1%	1.04%	-4.1%
BDX	Sell	Becton Dickinson & Co	$1,437,427	-5.5%	5,560	-3.5%	1.04%	-1.7%
IP	Sell	International Paper Co	$1,414,898	+8.7%	39,890	-2.5%	1.02%	+13.0%
SCHW	Buy	Charles Schwab Corp	$1,410,734	+1.2%	25,696	+4.5%	1.02%	+5.2%
TXN	Sell	Texas Instruments Inc	$1,384,818	-13.7%	8,709	-2.2%	1.00%	-10.3%
GD	Sell	General Dynamics Corp	$1,361,396	-1.2%	6,161	-3.8%	0.98%	+2.6%
MCHP	Buy	Microchip Tech Inc	$1,337,130	-10.3%	17,132	+3.0%	0.96%	-6.8%
MS	Sell	Morgan Stanley	$1,314,887	-7.4%	16,100	-3.1%	0.95%	-3.8%
PWR	Buy	Quanta Services Inc	$1,306,501	-1.3%	6,984	+3.7%	0.94%	+2.5%
ADSK	Buy	Autodesk Inc	$1,293,347	+5.4%	6,251	+4.2%	0.93%	+9.5%
GLW	Sell	Corning Inc	$1,275,723	-15.5%	41,868	-2.8%	0.92%	-12.1%
CVX	Buy	Chevron Corp	$1,266,943	+12.4%	7,514	+4.9%	0.91%	+16.8%
ABT	Sell	Abbott Labs	$1,248,782	-14.0%	12,894	-3.2%	0.90%	-10.6%
URI	Buy	United Rentals Inc	$1,234,174	+6.2%	2,776	+6.4%	0.89%	+10.3%
PFE	Buy	Pfizer Inc	$1,226,129	-1.6%	36,965	+8.8%	0.88%	+2.2%
VZ	Buy	Verizon Communications Inc	$1,224,612	-7.2%	37,785	+6.5%	0.88%	-3.5%
USB	Sell	US Bancorp	$1,220,178	-3.8%	36,908	-3.9%	0.88%	-0.1%
DIS	Sell	Walt Disney Co (The)	$1,196,298	-11.2%	14,760	-2.2%	0.86%	-7.7%
NOC	Buy	Northrop Grumman Corp	$1,173,588	+1.4%	2,666	+5.0%	0.85%	+5.5%
ADM	Sell	Archer-Daniels-Midland Co	$1,147,515	-3.6%	15,215	-3.4%	0.83%	+0.2%
AMAT	Buy	Applied Materials Inc	$1,143,753	-0.4%	8,261	+4.0%	0.82%	+3.5%
INTC	Sell	Intel Corp	$1,123,735	+1.8%	31,610	-4.2%	0.81%	+5.9%
MRK	Buy	Merck & Co Inc	$991,353	-7.6%	9,629	+3.6%	0.71%	-4.0%
PYPL	Sell	PayPal Hldgs Inc	$982,128	-16.3%	16,800	-4.5%	0.71%	-13.0%
WFC	Buy	Wells Fargo & Co	$954,408	+0.4%	23,358	+4.9%	0.69%	+4.4%
IWF	Sell	iShares Russell 1000 Grw ETF	$851,434	-3.4%	3,201	-0.0%	0.61%	+0.3%
HOLX	Buy	Hologic Inc	$824,125	-10.1%	11,875	+4.8%	0.59%	-6.6%
UNH	Sell	UnitedHealth Group Inc	$814,417	+2.1%	1,615	-2.7%	0.59%	+6.1%
BSV	Sell	Vanguard Short-Term Bd ETF	$738,846	-34.4%	9,829	-34.0%	0.53%	-31.8%
MA	Sell	Mastercard Inc CL A	$733,044	-0.7%	1,852	-1.4%	0.53%	+3.1%
DHR	Sell	Danaher Corp	$696,188	-10.7%	2,806	-13.6%	0.50%	-7.0%
LMT	Sell	Lockheed Martin Corp	$561,776	-13.1%	1,374	-2.1%	0.40%	-9.6%
INTU	Sell	Intuit Inc	$561,020	+9.1%	1,098	-2.1%	0.40%	+13.5%
MRNA	Buy	Moderrna Inc	$527,089	-10.4%	5,103	+5.3%	0.38%	-6.9%
VCIT	Buy	Vanguard Interm-Tm Corp Bd Idx	$507,015	-3.5%	6,673	+0.4%	0.36%	+0.3%
CTAS	Sell	Cintas Corporation	$484,858	-5.0%	1,008	-1.9%	0.35%	-1.4%
DUK	Buy	Duke Energy Corp	$482,782	+17.7%	5,470	+19.7%	0.35%	+22.5%
NDAQ	Sell	Nasdaq Inc	$445,360	-4.6%	9,166	-2.1%	0.32%	-0.9%
FAST	Sell	Fastenal Co	$430,381	-9.1%	7,877	-1.9%	0.31%	-5.5%
HCA	Sell	HCA Healthcare Inc	$426,283	-20.5%	1,733	-1.9%	0.31%	-17.5%
FLOT	Buy	IShares Floating Rate Bd ETF	$419,384	+0.6%	8,241	+0.5%	0.30%	+4.5%
ROP	New	Roper Technologies Inc	$393,720	–	813	–	0.28%	–
RJF	Sell	Raymond James Financial Inc	$376,412	-5.0%	3,748	-1.8%	0.27%	-1.5%
STIP	Buy	iShares 0-5 Yr Tips Bond ETF	$366,939	+6.7%	3,786	+7.4%	0.26%	+10.5%
DRI	Sell	Darden Restaurants Inc	$339,718	-15.6%	2,372	-1.5%	0.24%	-12.2%
IWM	Sell	iShares Russell 2000 Index ETF	$338,457	-6.0%	1,915	-0.4%	0.24%	-2.4%
BMI	New	Badger Meter Inc	$321,981	–	2,238	–	0.23%	–
YUM	Sell	Yum Brands Inc	$314,349	-12.0%	2,516	-2.4%	0.23%	-8.9%
SCHD	Buy	Schwab US Dividend Equity ETF	$308,584	+2.9%	4,361	+5.6%	0.22%	+6.7%
IVV	Sell	iShares Core S&P 500	$288,577	-3.8%	672	-0.1%	0.21%	0.0%
HSY	Sell	Hershey Company	$288,715	-21.1%	1,443	-1.5%	0.21%	-18.1%
EFA	Buy	iShares MSCI EAFE ETF	$249,766	-2.4%	3,624	+2.7%	0.18%	+1.7%
DHI	New	D.R. Horton Inc	$212,576	–	1,978	–	0.15%	–
CMG	Exit	Chipotle Mexican Grill	$0	–	-99	–	-0.15%	–
NSC	Exit	Norfolk Southern Corp	$0	–	-1,000	–	-0.16%	–
WRB	Exit	W.R. Berkley Corp	$0	–	-5,384	–	-0.22%	–
ENB	Exit	Enbridge Inc	$0	–	-13,057	–	-0.34%	–

Q2 2023

			Value		Shares		↓ Weighting
NVDA	New	Nvidia Corp	$5,500,662	–	13,003	–	3.81%	–
AAPL	New	Apple Inc	$5,183,933	–	26,725	–	3.59%	–
COST	New	Costco Whsl Corp	$4,222,296	–	7,843	–	2.93%	–
LLY	New	Eli Lilly and Company	$3,615,123	–	7,708	–	2.51%	–
JPM	New	JPMorgan Chase & Co	$3,573,458	–	24,570	–	2.48%	–
GOOGL	New	Alphabet Inc	$3,424,306	–	28,607	–	2.37%	–
MSFT	New	Microsoft Corp	$3,279,899	–	9,631	–	2.27%	–
MCD	New	McDonalds Corp	$3,193,214	–	10,701	–	2.21%	–
ADBE	New	Adobe Inc	$3,163,099	–	6,469	–	2.19%	–
BLK	New	BlackRock Inc	$3,091,066	–	4,472	–	2.14%	–
V	New	Visa Inc	$2,989,933	–	12,590	–	2.07%	–
ODFL	New	Old Dominion Frt Line	$2,938,382	–	7,947	–	2.04%	–
APD	New	Air Prods & Chems Inc	$2,716,462	–	9,069	–	1.88%	–
SYK	New	Stryker Corp	$2,527,668	–	8,285	–	1.75%	–
UNP	New	Union Pac Corp	$2,460,179	–	12,023	–	1.71%	–
XOM	New	Exxon Mobil Corp	$2,150,362	–	20,050	–	1.49%	–
HD	New	Home Depot Inc	$2,126,203	–	6,845	–	1.47%	–
ADP	New	Automatic Data Processing Inc	$1,999,585	–	9,098	–	1.39%	–
NEE	New	NextEra Energy Inc	$1,975,339	–	26,622	–	1.37%	–
SPGI	New	S&P Global Inc	$1,969,672	–	4,913	–	1.37%	–
AVGO	New	Broadcom Inc	$1,969,066	–	2,270	–	1.36%	–
AXP	New	American Express Co	$1,940,588	–	11,140	–	1.34%	–
NFLX	New	Netflix Inc	$1,879,571	–	4,267	–	1.30%	–
AMT	New	American Twr Corp-REIT	$1,864,552	–	9,614	–	1.29%	–
AMZN	New	Amazon.com Inc	$1,857,109	–	14,246	–	1.29%	–
TMO	New	Thermo Fisher Scientific	$1,851,874	–	3,549	–	1.28%	–
ADI	New	Analog Devices Inc	$1,821,918	–	9,352	–	1.26%	–
ITW	New	Illinois Tool Wks Inc	$1,741,114	–	6,960	–	1.21%	–
ZTS	New	Zoetis Inc	$1,738,977	–	10,098	–	1.21%	–
CAT	New	Caterpillar Inc	$1,732,192	–	7,040	–	1.20%	–
TJX	New	TJX Companies	$1,695,800	–	20,000	–	1.18%	–
NUE	New	Nucor Corp	$1,687,518	–	10,291	–	1.17%	–
PEP	New	PepsiCo Inc	$1,650,866	–	8,913	–	1.14%	–
WMT	New	Walmart Inc	$1,637,030	–	10,415	–	1.14%	–
FB	New	Meta Platforms Inc	$1,623,159	–	5,656	–	1.12%	–
TXN	New	Texas Instruments Inc	$1,603,798	–	8,909	–	1.11%	–
JNJ	New	Johnson & Johnson	$1,595,282	–	9,638	–	1.11%	–
CSCO	New	Cisco Sys Inc	$1,570,568	–	30,355	–	1.09%	–
PG	New	Procter & Gamble Co	$1,571,268	–	10,355	–	1.09%	–
BDX	New	Becton Dickinson & Co	$1,520,698	–	5,760	–	1.05%	–
GLW	New	Corning Inc	$1,509,090	–	43,068	–	1.05%	–
MCHP	New	Microchip Tech Inc	$1,490,371	–	16,635	–	1.03%	–
EMR	New	Emerson Elec Co	$1,477,876	–	16,350	–	1.02%	–
ABT	New	Abbott Labs	$1,451,904	–	13,318	–	1.01%	–
MS	New	Morgan Stanley	$1,419,348	–	16,620	–	0.98%	–
MAR	New	Marriott International	$1,395,309	–	7,596	–	0.97%	–
SCHW	New	Charles Schwab Corp	$1,393,648	–	24,588	–	0.97%	–
GD	New	General Dynamics Corp	$1,378,251	–	6,406	–	0.96%	–
AMGN	New	Amgen Inc	$1,354,322	–	6,100	–	0.94%	–
DIS	New	Walt Disney Co (The)	$1,346,789	–	15,085	–	0.93%	–
PWR	New	Quanta Services Inc	$1,323,486	–	6,737	–	0.92%	–
VZ	New	Verizon Communications Inc	$1,318,943	–	35,465	–	0.91%	–
IP	New	International Paper Co	$1,301,188	–	40,905	–	0.90%	–
USB	New	US Bancorp	$1,268,670	–	38,398	–	0.88%	–
PFE	New	Pfizer Inc	$1,246,570	–	33,985	–	0.86%	–
ADSK	New	Autodesk Inc	$1,227,613	–	6,000	–	0.85%	–
ADM	New	Archer-Daniels-Midland Co	$1,190,448	–	15,755	–	0.82%	–
PYPL	New	PayPal Hldgs Inc	$1,173,447	–	17,585	–	0.81%	–
URI	New	United Rentals Inc	$1,162,004	–	2,609	–	0.81%	–
NOC	New	Northrop Grumman Corp	$1,157,297	–	2,539	–	0.80%	–
AMAT	New	Applied Materials Inc	$1,148,389	–	7,945	–	0.80%	–
CVX	New	Chevron Corp	$1,127,507	–	7,166	–	0.78%	–
BSV	New	Vanguard Short-Term Bd ETF	$1,125,464	–	14,893	–	0.78%	–
INTC	New	Intel Corp	$1,103,854	–	33,010	–	0.76%	–
MRK	New	Merck & Co Inc	$1,072,692	–	9,296	–	0.74%	–
WFC	New	Wells Fargo & Co	$950,654	–	22,274	–	0.66%	–
HOLX	New	Hologic Inc	$917,066	–	11,326	–	0.64%	–
IWF	New	iShares Russell 1000 Grw ETF	$881,126	–	3,202	–	0.61%	–
UNH	New	UnitedHealth Group Inc	$797,525	–	1,659	–	0.55%	–
DHR	New	Danaher Corp	$779,299	–	3,247	–	0.54%	–
MA	New	Mastercard Inc CL A	$738,438	–	1,878	–	0.51%	–
LMT	New	Lockheed Martin Corp	$646,222	–	1,404	–	0.45%	–
MRNA	New	Moderrna Inc	$588,546	–	4,844	–	0.41%	–
HCA	New	HCA Healthcare Inc	$536,249	–	1,767	–	0.37%	–
VCIT	New	Vanguard Interm-Tm Corp Bd Idx	$525,391	–	6,648	–	0.36%	–
INTU	New	Intuit Inc	$514,096	–	1,122	–	0.36%	–
CTAS	New	Cintas Corporation	$510,501	–	1,027	–	0.35%	–
ENB	New	Enbridge Inc	$485,068	–	13,057	–	0.34%	–
MBB	New	iShares MBS ETF	$480,035	–	5,147	–	0.33%	–
FAST	New	Fastenal Co	$473,552	–	8,028	–	0.33%	–
NDAQ	New	Nasdaq Inc	$466,829	–	9,365	–	0.32%	–
PGX	New	Invesco Preferred ETF	$452,981	–	39,840	–	0.31%	–
FLOT	New	IShares Floating Rate Bd ETF	$416,826	–	8,202	–	0.29%	–
DUK	New	Duke Energy Corp	$410,112	–	4,570	–	0.28%	–
DRI	New	Darden Restaurants Inc	$402,496	–	2,409	–	0.28%	–
RJF	New	Raymond James Financial Inc	$396,090	–	3,817	–	0.28%	–
HSY	New	Hershey Company	$365,810	–	1,465	–	0.25%	–
IWM	New	iShares Russell 2000 Index ETF	$360,120	–	1,923	–	0.25%	–
YUM	New	Yum Brands Inc	$357,182	–	2,578	–	0.25%	–
STIP	New	iShares 0-5 Yr Tips Bond ETF	$344,040	–	3,525	–	0.24%	–
WRB	New	W.R. Berkley Corp	$320,671	–	5,384	–	0.22%	–
SCHD	New	Schwab US Dividend Equity ETF	$299,848	–	4,129	–	0.21%	–
IVV	New	iShares Core S&P 500	$299,963	–	673	–	0.21%	–
EFA	New	iShares MSCI EAFE ETF	$255,852	–	3,529	–	0.18%	–
NSC	New	Norfolk Southern Corp	$226,760	–	1,000	–	0.16%	–
CMG	New	Chipotle Mexican Grill	$211,761	–	99	–	0.15%	–

Q4 2022

			Value		Shares		↓ Weighting
IVV	Exit	iShares Core S&P 500	$0	–	-687	–	-0.22%	–
CMCSA	Exit	Comcast Corp	$0	–	-8,713	–	-0.23%	–
SCHD	Exit	Schwab US Dividend Equity ETF	$0	–	-4,139	–	-0.24%	–
DHI	Exit	D R Horton Inc Com	$0	–	-4,297	–	-0.26%	–
IWM	Exit	iShares Russell 2000 Index ETF	$0	–	-1,943	–	-0.28%	–
STIP	Exit	iShares 0-5 Yr Tips Bond ETF	$0	–	-3,525	–	-0.30%	–
ENB	Exit	Enbridge Inc	$0	–	-9,699	–	-0.32%	–
SHW	Exit	Sherwin Williams Co	$0	–	-1,762	–	-0.32%	–
AAP	Exit	Advance Auto Parts Inc	$0	–	-2,390	–	-0.33%	–
FAST	Exit	Fastenal Co	$0	–	-8,212	–	-0.34%	–
FLOT	Exit	IShares Floating Rate Bd ETF	$0	–	-8,202	–	-0.37%	–
INTU	Exit	Intuit Inc	$0	–	-1,088	–	-0.38%	–
CFG	Exit	Citizens Finl Group	$0	–	-12,311	–	-0.38%	–
EL	Exit	Estee Lauder Cos Inc	$0	–	-1,975	–	-0.38%	–
CTAS	Exit	Cintas Corp	$0	–	-1,202	–	-0.42%	–
MBB	Exit	iShares MBS ETF	$0	–	-5,152	–	-0.42%	–
PGX	Exit	Invesco Preferred ETF	$0	–	-39,840	–	-0.42%	–
VCIT	Exit	Vanguard Interm-Tm Corp Bd Idx	$0	–	-6,648	–	-0.45%	–
MA	Exit	Mastercard Inc CL A	$0	–	-1,907	–	-0.48%	–
LMT	Exit	Lockheed Martin Corp	$0	–	-1,436	–	-0.49%	–
NDAQ	Exit	Nasdaq Inc	$0	–	-11,055	–	-0.56%	–
AMAT	Exit	Applied Matls Inc	$0	–	-7,798	–	-0.57%	–
IWF	Exit	iShares Russell 1000 Grw ETF	$0	–	-3,241	–	-0.61%	–
INTC	Exit	Intel Corp	$0	–	-28,660	–	-0.66%	–
LHX	Exit	L3Harris Technologies	$0	–	-3,768	–	-0.70%	–
CTLT	Exit	Catalent Inc	$0	–	-11,345	–	-0.73%	–
IP	Exit	International Paper Co	$0	–	-26,065	–	-0.74%	–
WFC	Exit	Wells Fargo & Co	$0	–	-21,607	–	-0.77%	–
UNH	Exit	UnitedHealth Group Inc	$0	–	-1,779	–	-0.80%	–
MMM	Exit	3M Co	$0	–	-8,260	–	-0.81%	–
CVX	Exit	Chevron Corp	$0	–	-6,927	–	-0.89%	–
CMI	Exit	Cummins Inc	$0	–	-4,964	–	-0.90%	–
AVGO	Exit	Broadcom Inc	$0	–	-2,305	–	-0.91%	–
NUE	Exit	Nucor Corp	$0	–	-10,251	–	-0.98%	–
USB	Exit	US Bancorp	$0	–	-27,308	–	-0.98%	–
ADSK	Exit	Autodesk Inc	$0	–	-5,909	–	-0.98%	–
AXP	Exit	American Express Co	$0	–	-8,200	–	-0.98%	–
BSV	Exit	Vanguard Short-Term Bd ETF	$0	–	-14,893	–	-0.99%	–
VZ	Exit	Verizon Comm	$0	–	-29,335	–	-0.99%	–
DIS	Exit	Walt Disney Co (The)	$0	–	-11,835	–	-0.99%	–
DVN	Exit	Devon Energy Corp	$0	–	-18,664	–	-1.00%	–
CAT	Exit	Caterpillar Inc	$0	–	-6,860	–	-1.00%	–
PNC	Exit	PNC Finl Svc Group	$0	–	-7,722	–	-1.03%	–
EMR	Exit	Emerson Elec Co	$0	–	-15,930	–	-1.04%	–
CSCO	Exit	Cisco Sys Inc	$0	–	-29,265	–	-1.04%	–
TJX	Exit	TJX Companies	$0	–	-19,050	–	-1.05%	–
TECH	Exit	Bio Techne Corp	$0	–	-4,211	–	-1.06%	–
GLW	Exit	Corning Inc	$0	–	-41,566	–	-1.07%	–
PFE	Exit	Pfizer Inc	$0	–	-27,890	–	-1.09%	–
PG	Exit	Procter & Gamble Co	$0	–	-9,690	–	-1.09%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-5,580	–	-1.11%	–
MS	Exit	Morgan Stanley	$0	–	-16,120	–	-1.13%	–
ADI	Exit	Analog Devices Inc	$0	–	-9,183	–	-1.14%	–
WMT	Exit	Walmart Inc	$0	–	-9,960	–	-1.15%	–
AMGN	Exit	Amgen Inc	$0	–	-5,920	–	-1.19%	–
GD	Exit	General Dynamics Corp	$0	–	-6,286	–	-1.19%	–
TXN	Exit	Texas Instruments Inc	$0	–	-8,649	–	-1.19%	–
ADM	Exit	Archer Daniels Midland	$0	–	-17,466	–	-1.25%	–
PEP	Exit	Pepsico Inc	$0	–	-8,715	–	-1.27%	–
JNJ	Exit	Johnson & Johnson	$0	–	-8,736	–	-1.27%	–
TMO	Exit	Thermo Fisher Scientific	$0	–	-2,814	–	-1.27%	–
NFLX	Exit	Netflix Inc	$0	–	-6,209	–	-1.30%	–
SPGI	Exit	S&P Global Inc	$0	–	-4,809	–	-1.31%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-17,500	–	-1.36%	–
ABT	Exit	Abbott Labs	$0	–	-16,294	–	-1.40%	–
ITW	Exit	Illinois Tool Wks Inc	$0	–	-8,746	–	-1.41%	–
ZTS	Exit	Zoetis Inc	$0	–	-10,865	–	-1.43%	–
SYK	Exit	Stryker Corp	$0	–	-8,178	–	-1.48%	–
DHR	Exit	Danaher Corp	$0	–	-6,521	–	-1.50%	–
ADBE	Exit	Adobe Inc	$0	–	-6,292	–	-1.54%	–
HD	Exit	Home Depot Inc	$0	–	-6,768	–	-1.66%	–
PYPL	Exit	PayPal Hldgs Inc	$0	–	-22,157	–	-1.70%	–
AMT	Exit	American Twr Corp-REIT	$0	–	-9,058	–	-1.73%	–
ODFL	Exit	Old Dominion Frt Line	$0	–	-7,993	–	-1.77%	–
APD	Exit	Air Prods & Chems Inc	$0	–	-8,854	–	-1.84%	–
NEE	Exit	NextEra Energy Inc	$0	–	-26,349	–	-1.84%	–
UNP	Exit	Union Pac Corp	$0	–	-11,021	–	-1.91%	–
V	Exit	Visa Inc	$0	–	-12,306	–	-1.95%	–
MSFT	Exit	Microsoft Corp	$0	–	-9,391	–	-1.95%	–
NVDA	Exit	Nvidia Corp	$0	–	-18,152	–	-1.96%	–
ADP	Exit	Automatic Data Process	$0	–	-9,810	–	-1.98%	–
AMZN	Exit	Amazon.com Inc	$0	–	-20,303	–	-2.04%	–
GOOGL	Exit	Alphabet Inc	$0	–	-25,054	–	-2.13%	–
MCD	Exit	McDonalds Corp	$0	–	-10,482	–	-2.15%	–
BLK	Exit	BlackRock Inc	$0	–	-4,417	–	-2.16%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-24,135	–	-2.25%	–
LLY	Exit	Eli Lilly & Co	$0	–	-8,869	–	-2.55%	–
AAPL	Exit	Apple Inc	$0	–	-26,273	–	-3.23%	–
COST	Exit	Costco Whsl Corp	$0	–	-7,744	–	-3.26%	–

Q3 2022

			Value		Shares		↓ Weighting
COST	Sell	Costco Whsl Corp	$3,657,000	-11.7%	7,744	-10.3%	3.26%	+6.5%
AAPL	Sell	Apple Inc	$3,631,000	-7.4%	26,273	-8.4%	3.23%	+11.6%
LLY	Sell	Eli Lilly & Co	$2,868,000	-6.3%	8,869	-6.1%	2.55%	+12.9%
JPM	Sell	JPMorgan Chase & Co	$2,522,000	-11.2%	24,135	-4.3%	2.25%	+7.0%
BLK	Sell	BlackRock Inc	$2,431,000	-16.8%	4,417	-7.9%	2.16%	+0.3%
MCD	Sell	McDonalds Corp	$2,419,000	-20.1%	10,482	-14.5%	2.15%	-3.6%
GOOGL	Buy	Alphabet Inc	$2,396,000	-21.2%	25,054	+1694.7%	2.13%	-5.1%
AMZN	Sell	Amazon.com Inc	$2,294,000	-5.7%	20,303	-11.3%	2.04%	+13.7%
ADP	Sell	Automatic Data Process	$2,219,000	-16.6%	9,810	-22.6%	1.98%	+0.5%
NVDA	Sell	Nvidia Corp	$2,204,000	-24.4%	18,152	-5.6%	1.96%	-8.9%
MSFT	Sell	Microsoft Corp	$2,187,000	-21.2%	9,391	-13.0%	1.95%	-5.0%
V	Sell	Visa Inc	$2,186,000	-22.8%	12,306	-14.5%	1.95%	-7.0%
UNP	Sell	Union Pac Corp	$2,147,000	-22.4%	11,021	-15.0%	1.91%	-6.4%
NEE	Sell	NextEra Energy Inc	$2,066,000	-15.0%	26,349	-16.1%	1.84%	+2.4%
APD	Sell	Air Prods & Chems Inc	$2,061,000	-19.3%	8,854	-16.6%	1.84%	-2.7%
ODFL	Buy	Old Dominion Frt Line	$1,988,000	+2.3%	7,993	+5.4%	1.77%	+23.3%
AMT	Sell	American Twr Corp-REIT	$1,945,000	-28.4%	9,058	-14.8%	1.73%	-13.7%
PYPL	Sell	PayPal Hldgs Inc	$1,907,000	+2.6%	22,157	-16.7%	1.70%	+23.7%
HD	Sell	Home Depot Inc	$1,867,000	-13.9%	6,768	-14.4%	1.66%	+3.7%
ADBE	Sell	Adobe Inc	$1,731,000	-25.6%	6,292	-1.0%	1.54%	-10.4%
DHR	Buy	Danaher Corp	$1,684,000	+8.0%	6,521	+6.0%	1.50%	+30.1%
SYK	Sell	Stryker Corp	$1,656,000	-14.4%	8,178	-15.9%	1.48%	+3.2%
ZTS	Sell	Zoetis Inc	$1,611,000	-28.1%	10,865	-16.7%	1.43%	-13.4%
ITW	Sell	Illinois Tool Wks Inc	$1,580,000	-16.7%	8,746	-16.0%	1.41%	+0.4%
ABT	Sell	Abbott Labs	$1,577,000	-24.5%	16,294	-15.2%	1.40%	-9.0%
XOM	Sell	Exxon Mobil Corp	$1,528,000	-22.9%	17,500	-24.4%	1.36%	-7.1%
SPGI	Buy	S&P Global Inc	$1,469,000	+6.4%	4,809	+17.5%	1.31%	+28.4%
NFLX	Sell	Netflix Inc	$1,462,000	+0.6%	6,209	-25.3%	1.30%	+21.3%
JNJ	Sell	Johnson & Johnson	$1,427,000	-26.5%	8,736	-20.1%	1.27%	-11.4%
TMO	Buy	Thermo Fisher Scientific	$1,427,000	-5.6%	2,814	+1.1%	1.27%	+13.8%
PEP	Sell	Pepsico Inc	$1,423,000	-26.8%	8,715	-25.3%	1.27%	-11.7%
ADM	Sell	Archer Daniels Midland	$1,405,000	-22.5%	17,466	-25.3%	1.25%	-6.6%
TXN	Sell	Texas Instruments Inc	$1,339,000	-19.7%	8,649	-20.3%	1.19%	-3.2%
GD	Sell	General Dynamics Corp	$1,334,000	-29.4%	6,286	-26.4%	1.19%	-14.8%
AMGN	Sell	Amgen Inc	$1,334,000	-30.4%	5,920	-24.9%	1.19%	-16.1%
WMT	Sell	Walmart Inc	$1,292,000	-15.4%	9,960	-20.7%	1.15%	+2.0%
ADI	Buy	Analog Devices Inc	$1,280,000	-3.8%	9,183	+0.8%	1.14%	+16.0%
MS	Sell	Morgan Stanley	$1,274,000	-21.8%	16,120	-24.7%	1.13%	-5.7%
BDX	Sell	Becton Dickinson & Co	$1,243,000	-32.3%	5,580	-25.1%	1.11%	-18.4%
PG	Sell	Procter & Gamble Co	$1,223,000	-32.4%	9,690	-23.0%	1.09%	-18.5%
PFE	Sell	Pfizer Inc	$1,220,000	-35.5%	27,890	-22.7%	1.09%	-22.3%
GLW	Sell	Corning Inc	$1,206,000	-25.8%	41,566	-19.4%	1.07%	-10.5%
TECH	Buy	Bio Techne Corp	$1,196,000	-16.7%	4,211	+1.7%	1.06%	+0.4%
TJX	New	TJX Companies	$1,183,000	–	19,050	–	1.05%	–
CSCO	Sell	Cisco Sys Inc	$1,171,000	-25.9%	29,265	-21.0%	1.04%	-10.6%
EMR	Sell	Emerson Elec Co	$1,166,000	-30.0%	15,930	-23.9%	1.04%	-15.6%
PNC	Buy	PNC Finl Svc Group	$1,154,000	-4.2%	7,722	+1.2%	1.03%	+15.6%
CAT	Sell	Caterpillar Inc	$1,126,000	-28.9%	6,860	-22.6%	1.00%	-14.3%
DVN	Buy	Devon Energy Corp	$1,122,000	+9.0%	18,664	+0.0%	1.00%	+31.4%
DIS	Sell	Walt Disney Co (The)	$1,116,000	-12.9%	11,835	-12.9%	0.99%	+5.0%
VZ	Sell	Verizon Comm	$1,114,000	-39.9%	29,335	-19.7%	0.99%	-27.6%
AXP	Sell	American Express Co	$1,106,000	-28.1%	8,200	-26.1%	0.98%	-13.4%
ADSK	Buy	Autodesk Inc	$1,104,000	+10.3%	5,909	+1.5%	0.98%	+33.0%
USB	Sell	US Bancorp	$1,101,000	-31.8%	27,308	-22.2%	0.98%	-17.9%
NUE	Sell	Nucor Corp	$1,097,000	-20.1%	10,251	-22.1%	0.98%	-3.6%
AVGO	Sell	Broadcom Inc	$1,023,000	-30.5%	2,305	-23.9%	0.91%	-16.2%
CMI	Buy	Cummins Inc	$1,010,000	+6.1%	4,964	+0.9%	0.90%	+27.9%
CVX	Buy	Chevron Corp	$995,000	+0.9%	6,927	+1.7%	0.89%	+21.7%
MMM	Sell	3M Co	$913,000	-34.0%	8,260	-22.7%	0.81%	-20.5%
UNH	Buy	UnitedHealth Group Inc	$899,000	+10.2%	1,779	+12.0%	0.80%	+32.7%
WFC	Buy	Wells Fargo & Co	$869,000	+17.0%	21,607	+13.9%	0.77%	+41.0%
IP	Sell	International Paper Co	$826,000	-41.9%	26,065	-23.3%	0.74%	-30.0%
CTLT	Buy	Catalent Inc	$821,000	-31.9%	11,345	+1.0%	0.73%	-17.9%
LHX	Buy	L3Harris Technologies	$783,000	-13.1%	3,768	+1.1%	0.70%	+4.7%
INTC	Sell	Intel Corp	$739,000	-47.6%	28,660	-23.9%	0.66%	-36.8%
IWF	Sell	iShares Russell 1000 Grw ETF	$682,000	-5.9%	3,241	-2.2%	0.61%	+13.2%
AMAT	Buy	Applied Matls Inc	$639,000	-8.7%	7,798	+1.4%	0.57%	+10.1%
NDAQ	Buy	Nasdaq Inc	$627,000	+22.9%	11,055	+230.6%	0.56%	+48.0%
LMT	Buy	Lockheed Martin Corp	$555,000	-0.5%	1,436	+10.5%	0.49%	+19.9%
MA	Buy	Mastercard Inc CL A	$542,000	-0.6%	1,907	+10.4%	0.48%	+19.9%
PGX	Sell	Invesco Preferred ETF	$473,000	-4.3%	39,840	-0.4%	0.42%	+15.3%
MBB	Sell	iShares MBS ETF	$472,000	-6.7%	5,152	-0.8%	0.42%	+12.3%
CTAS	Buy	Cintas Corp	$467,000	+17.6%	1,202	+13.0%	0.42%	+42.0%
EL	Buy	Estee Lauder Cos Inc	$426,000	-12.0%	1,975	+3.9%	0.38%	+5.9%
CFG	Buy	Citizens Finl Group	$423,000	+9.3%	12,311	+13.6%	0.38%	+31.8%
INTU	Buy	Intuit Inc	$421,000	+6.0%	1,088	+5.5%	0.38%	+28.0%
FAST	Buy	Fastenal Co	$378,000	+5.0%	8,212	+14.0%	0.34%	+26.7%
AAP	Buy	Advance Auto Parts Inc	$374,000	+2.2%	2,390	+13.1%	0.33%	+23.3%
SHW	Buy	Sherwin Williams Co	$361,000	+4.0%	1,762	+13.8%	0.32%	+25.4%
ENB	Buy	Enbridge Inc	$360,000	+0.3%	9,699	+14.2%	0.32%	+21.1%
STIP	New	iShares 0-5 Yr Tips Bond ETF	$339,000	–	3,525	–	0.30%	–
DHI	Buy	D R Horton Inc Com	$289,000	+12.9%	4,297	+11.1%	0.26%	+36.0%
CMCSA	Buy	Comcast Corp	$256,000	-15.2%	8,713	+13.3%	0.23%	+2.2%
IVV	Sell	iShares Core S&P 500	$246,000	-5.7%	687	-0.3%	0.22%	+13.5%
EFA	Exit	iShares MSCI EAFE ETF	$0	–	-3,571	–	-0.16%	–
TIP	Exit	iShares Tips Bd ETF	$0	–	-2,920	–	-0.25%	–
UL	Exit	Unilever PLC	$0	–	-32,710	–	-1.11%	–

Q2 2022

			Value		Shares		↓ Weighting
COST	New	Costco Whsl Corp	$4,140,000	–	8,637	–	3.06%	–
AAPL	New	Apple Inc	$3,921,000	–	28,681	–	2.90%	–
LLY	New	Eli Lilly & Co	$3,062,000	–	9,444	–	2.26%	–
GOOGL	New	Alphabet Inc	$3,042,000	–	1,396	–	2.25%	–
MCD	New	McDonalds Corp	$3,026,000	–	12,257	–	2.24%	–
BLK	New	BlackRock Inc	$2,921,000	–	4,797	–	2.16%	–
NVDA	New	Nvidia Corp	$2,914,000	–	19,223	–	2.15%	–
JPM	New	JPMorgan Chase & Co	$2,841,000	–	25,225	–	2.10%	–
V	New	Visa Inc	$2,832,000	–	14,386	–	2.09%	–
MSFT	New	Microsoft Corp	$2,774,000	–	10,800	–	2.05%	–
UNP	New	Union Pac Corp	$2,765,000	–	12,966	–	2.04%	–
AMT	New	American Twr Corp-REIT	$2,717,000	–	10,629	–	2.01%	–
ADP	New	Automatic Data Process	$2,662,000	–	12,673	–	1.97%	–
APD	New	Air Prods & Chems Inc	$2,553,000	–	10,617	–	1.89%	–
AMZN	New	Amazon.com Inc	$2,432,000	–	22,897	–	1.80%	–
NEE	New	NextEra Energy Inc	$2,431,000	–	31,387	–	1.80%	–
ADBE	New	Adobe Inc	$2,327,000	–	6,356	–	1.72%	–
ZTS	New	Zoetis Inc	$2,242,000	–	13,042	–	1.66%	–
HD	New	Home Depot Inc	$2,168,000	–	7,904	–	1.60%	–
ABT	New	Abbott Labs	$2,089,000	–	19,225	–	1.54%	–
XOM	New	Exxon Mobil Corp	$1,983,000	–	23,150	–	1.46%	–
ODFL	New	Old Dominion Frt Line	$1,944,000	–	7,585	–	1.44%	–
PEP	New	Pepsico Inc	$1,943,000	–	11,660	–	1.44%	–
JNJ	New	Johnson & Johnson	$1,941,000	–	10,936	–	1.43%	–
SYK	New	Stryker Corp	$1,934,000	–	9,720	–	1.43%	–
AMGN	New	Amgen Inc	$1,917,000	–	7,880	–	1.42%	–
ITW	New	Illinois Tool Wks Inc	$1,897,000	–	10,408	–	1.40%	–
PFE	New	Pfizer Inc	$1,892,000	–	36,090	–	1.40%	–
GD	New	General Dynamics Corp	$1,889,000	–	8,536	–	1.40%	–
PYPL	New	PayPal Hldgs Inc	$1,859,000	–	26,613	–	1.37%	–
VZ	New	Verizon Comm	$1,854,000	–	36,535	–	1.37%	–
BDX	New	Becton Dickinson & Co	$1,837,000	–	7,450	–	1.36%	–
ADM	New	Archer Daniels Midland	$1,813,000	–	23,366	–	1.34%	–
PG	New	Procter & Gamble Co	$1,810,000	–	12,590	–	1.34%	–
TXN	New	Texas Instruments Inc	$1,667,000	–	10,849	–	1.23%	–
EMR	New	Emerson Elec Co	$1,665,000	–	20,930	–	1.23%	–
MS	New	Morgan Stanley	$1,629,000	–	21,420	–	1.20%	–
GLW	New	Corning Inc	$1,625,000	–	51,566	–	1.20%	–
USB	New	US Bancorp DE	$1,615,000	–	35,083	–	1.19%	–
CAT	New	Caterpillar Inc	$1,584,000	–	8,860	–	1.17%	–
CSCO	New	Cisco Sys Inc	$1,580,000	–	37,065	–	1.17%	–
DHR	New	Danaher Corp	$1,559,000	–	6,150	–	1.15%	–
AXP	New	American Express Co	$1,539,000	–	11,100	–	1.14%	–
WMT	New	Wal-Mart Inc	$1,527,000	–	12,560	–	1.13%	–
TMO	New	Thermo Fisher Scientific	$1,512,000	–	2,783	–	1.12%	–
UL	New	Unilever PLC	$1,499,000	–	32,710	–	1.11%	–
AVGO	New	Broadcom Inc	$1,472,000	–	3,030	–	1.09%	–
NFLX	New	Netflix Inc	$1,453,000	–	8,309	–	1.07%	–
TECH	New	Bio Techne Corp	$1,436,000	–	4,142	–	1.06%	–
IP	New	International Paper Co	$1,421,000	–	33,965	–	1.05%	–
INTC	New	Intel Corp	$1,409,000	–	37,660	–	1.04%	–
MMM	New	3M Co	$1,383,000	–	10,690	–	1.02%	–
SPGI	New	S&P Global Inc	$1,380,000	–	4,094	–	1.02%	–
NUE	New	Nucor Corp	$1,373,000	–	13,151	–	1.01%	–
ADI	New	Analog Devices Inc	$1,331,000	–	9,107	–	0.98%	–
DIS	New	Walt Disney Co (The)	$1,282,000	–	13,585	–	0.95%	–
CTLT	New	Catalent Inc	$1,205,000	–	11,229	–	0.89%	–
PNC	New	PNC Finl Svc Group	$1,204,000	–	7,634	–	0.89%	–
BSV	New	Vanguard Short-Term Bd ETF	$1,144,000	–	14,893	–	0.84%	–
DVN	New	Devon Energy Corp	$1,029,000	–	18,663	–	0.76%	–
ADSK	New	Autodesk Inc	$1,001,000	–	5,823	–	0.74%	–
CVX	New	Chevron Corp	$986,000	–	6,813	–	0.73%	–
CMI	New	Cummins Inc	$952,000	–	4,922	–	0.70%	–
LHX	New	L3Harris Technologies	$901,000	–	3,726	–	0.67%	–
UNH	New	United Health Group Inc	$816,000	–	1,588	–	0.60%	–
WFC	New	Wells Fargo & Co	$743,000	–	18,966	–	0.55%	–
IWF	New	iShares Russell 1000 Grw ETF	$725,000	–	3,314	–	0.54%	–
AMAT	New	Applied Matls Inc	$700,000	–	7,692	–	0.52%	–
LMT	New	Lockheed Martin Corp	$558,000	–	1,299	–	0.41%	–
MA	New	Mastercard Inc CL A	$545,000	–	1,728	–	0.40%	–
VCIT	New	Vanguard Interm-Tm Corp Bd Idx	$532,000	–	6,648	–	0.39%	–
NDAQ	New	Nasdaq Inc	$510,000	–	3,344	–	0.38%	–
MBB	New	iShares MBS ETF	$506,000	–	5,192	–	0.37%	–
PGX	New	Invesco Preferred ETF	$494,000	–	40,020	–	0.36%	–
EL	New	Estee Lauder Cos	$484,000	–	1,901	–	0.36%	–
FLOT	New	IShares Floating Rate Bd ETF	$409,000	–	8,202	–	0.30%	–
INTU	New	Intuit Inc	$397,000	–	1,031	–	0.29%	–
CTAS	New	Cintas Corp	$397,000	–	1,064	–	0.29%	–
CFG	New	Citizens Finl Group	$387,000	–	10,833	–	0.29%	–
AAP	New	Advance Auto Parts Inc	$366,000	–	2,113	–	0.27%	–
FAST	New	Fastenal Co	$360,000	–	7,203	–	0.27%	–
ENB	New	Enbridge Inc	$359,000	–	8,490	–	0.26%	–
SHW	New	Sherwin Williams Co	$347,000	–	1,548	–	0.26%	–
TIP	New	iShares Tips Bd ETF	$333,000	–	2,920	–	0.25%	–
IWM	New	iShares Russell 2000 Index ETF	$329,000	–	1,943	–	0.24%	–
CMCSA	New	Comcast Corp	$302,000	–	7,688	–	0.22%	–
SCHD	New	Schwab US Dividend Equity ETF	$296,000	–	4,139	–	0.22%	–
IVV	New	iShares Core S&P 500	$261,000	–	689	–	0.19%	–
DHI	New	D R Horton Inc Com	$256,000	–	3,867	–	0.19%	–
EFA	New	iShares MSCI EAFE ETF	$223,000	–	3,571	–	0.16%	–

Q4 2021

			Value		Shares		↓ Weighting
DHI	Exit	D R Horton Inc Com	$0	–	-2,800	–	-0.15%	–
FAST	Exit	Fastenal Co	$0	–	-5,054	–	-0.17%	–
EFA	Exit	iShares MSCI EAFE ETF	$0	–	-3,576	–	-0.18%	–
TIP	Exit	iShares Tips Bd ETF	$0	–	-2,222	–	-0.19%	–
CMCSA	Exit	Comcast Corp	$0	–	-5,353	–	-0.20%	–
IVV	Exit	iShares Core S&P 500	$0	–	-693	–	-0.20%	–
SCHD	Exit	Schwab US Dividend Equity ETF	$0	–	-4,139	–	-0.20%	–
SHW	Exit	Sherwin Williams Co	$0	–	-1,104	–	-0.20%	–
LMT	Exit	Lockheed Martin Corp	$0	–	-980	–	-0.22%	–
CFG	Exit	Citizens Finl Group	$0	–	-7,552	–	-0.23%	–
INTU	Exit	Intuit Inc	$0	–	-698	–	-0.25%	–
FLOT	Exit	IShares Floating Rate Bd ETF	$0	–	-7,512	–	-0.25%	–
HON	Exit	Honeywell Intl Inc	$0	–	-1,870	–	-0.26%	–
IWM	Exit	iShares Russell 2000 Index ETF	$0	–	-1,945	–	-0.28%	–
EL	Exit	Estee Lauder Cos	$0	–	-1,442	–	-0.28%	–
UNH	Exit	United Health Group Inc	$0	–	-1,128	–	-0.29%	–
MA	Exit	Mastercard Inc CL A	$0	–	-1,264	–	-0.29%	–
NDAQ	Exit	Nasdaq Inc	$0	–	-2,380	–	-0.30%	–
BSV	Exit	Vanguard Short-Term Bd ETF	$0	–	-5,756	–	-0.31%	–
CVX	Exit	Chevron Corp	$0	–	-4,888	–	-0.32%	–
MBB	Exit	iShares MBS ETF	$0	–	-5,072	–	-0.36%	–
DHR	Exit	Danaher Corp	$0	–	-1,888	–	-0.38%	–
PGX	Exit	Invesco Preferred ETF	$0	–	-39,920	–	-0.39%	–
IBM	Exit	International Bus Mach	$0	–	-4,420	–	-0.40%	–
VCIT	Exit	Vanguard Interm-Tm Corp Bd Idx	$0	–	-6,503	–	-0.40%	–
LHX	Exit	L3Harris Technologies	$0	–	-2,827	–	-0.41%	–
FISV	Exit	Fiserv Inc	$0	–	-6,528	–	-0.46%	–
TGT	Exit	Target Corp	$0	–	-3,252	–	-0.49%	–
DE	Exit	Deere & Co	$0	–	-2,490	–	-0.54%	–
AGG	Exit	iShares Core Total US Bd Mkt E	$0	–	-7,298	–	-0.55%	–
CMI	Exit	Cummins Inc	$0	–	-3,808	–	-0.56%	–
IWF	Exit	iShares Russell 1000 Grw ETF	$0	–	-3,348	–	-0.60%	–
NOW	Exit	ServiceNow Inc	$0	–	-1,838	–	-0.75%	–
PNC	Exit	PNC Finl Svc Group	$0	–	-5,888	–	-0.75%	–
ADI	Exit	Analog Devices Inc	$0	–	-7,016	–	-0.77%	–
FB	Exit	Facebook Inc	$0	–	-3,505	–	-0.78%	–
CTLT	Exit	Catalent Inc	$0	–	-9,365	–	-0.82%	–
ALL	Exit	Allstate Corp	$0	–	-9,787	–	-0.82%	–
ADSK	Exit	Autodesk Inc	$0	–	-4,442	–	-0.83%	–
SPGI	Exit	S&P Global Inc	$0	–	-3,008	–	-0.84%	–
TMO	Exit	Thermo Fisher Scientific	$0	–	-2,451	–	-0.92%	–
ODFL	Exit	Old Dominion Frt Line	$0	–	-5,467	–	-1.02%	–
TECH	Exit	Bio Techne Corp	$0	–	-3,281	–	-1.04%	–
LLY	Exit	Eli Lilly & Co	$0	–	-7,631	–	-1.15%	–
CAT	Exit	Caterpillar Inc	$0	–	-9,185	–	-1.15%	–
MMM	Exit	3M Co	$0	–	-10,220	–	-1.17%	–
ATVI	Exit	Activision Blizzard	$0	–	-23,705	–	-1.20%	–
IP	Exit	International Paper Co	$0	–	-32,815	–	-1.20%	–
WMT	Exit	Wal-Mart Inc	$0	–	-13,200	–	-1.20%	–
UL	Exit	Unilever PLC	$0	–	-34,410	–	-1.22%	–
PG	Exit	Procter & Gamble Co	$0	–	-13,395	–	-1.22%	–
VZ	Exit	Verizon Comm	$0	–	-34,985	–	-1.24%	–
INTC	Exit	Intel Corp	$0	–	-35,835	–	-1.25%	–
PEP	Exit	Pepsico Inc	$0	–	-12,860	–	-1.26%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-7,880	–	-1.27%	–
GLW	Exit	Corning Inc	$0	–	-53,606	–	-1.28%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-33,425	–	-1.29%	–
SBUX	Exit	Starbucks Corp	$0	–	-17,840	–	-1.29%	–
NUE	Exit	Nucor Corp	$0	–	-20,006	–	-1.29%	–
UNP	Exit	Union Pac Corp	$0	–	-10,074	–	-1.29%	–
DIS	Exit	Walt Disney Co (The)	$0	–	-11,748	–	-1.30%	–
ADM	Exit	Archer Daniels Midland	$0	–	-33,703	–	-1.32%	–
MCD	Exit	McDonalds Corp	$0	–	-8,639	–	-1.36%	–
EMR	Exit	Emerson Elec Co	$0	–	-22,155	–	-1.36%	–
CSCO	Exit	Cisco Sys Inc	$0	–	-39,015	–	-1.39%	–
USB	Exit	US Bancorp DE	$0	–	-36,833	–	-1.43%	–
AMGN	Exit	Amgen Inc	$0	–	-10,299	–	-1.43%	–
MS	Exit	Morgan Stanley	$0	–	-22,520	–	-1.43%	–
AXP	Exit	American Express Co	$0	–	-13,390	–	-1.47%	–
GD	Exit	General Dynamics Corp	$0	–	-11,471	–	-1.47%	–
ABT	Exit	Abbott Labs	$0	–	-19,264	–	-1.49%	–
TXN	Exit	Texas Instruments Inc	$0	–	-11,909	–	-1.50%	–
PFE	Exit	Pfizer Inc	$0	–	-54,939	–	-1.54%	–
ZTS	Exit	Zoetis Inc	$0	–	-12,630	–	-1.60%	–
SYK	Exit	Stryker Corp	$0	–	-9,402	–	-1.62%	–
APD	Exit	Air Prods & Chems Inc	$0	–	-9,734	–	-1.63%	–
ADP	Exit	Automatic Data Process	$0	–	-12,680	–	-1.66%	–
NEE	Exit	NextEra Energy Inc	$0	–	-32,373	–	-1.66%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-16,005	–	-1.71%	–
AMT	Exit	American Twr Corp-REIT	$0	–	-10,641	–	-1.85%	–
JNJ	Exit	Johnson & Johnson	$0	–	-17,613	–	-1.86%	–
HD	Exit	Home Depot Inc	$0	–	-8,681	–	-1.86%	–
ITW	Exit	Illinois Tool Wks Inc	$0	–	-14,249	–	-1.92%	–
V	Exit	Visa Inc	$0	–	-13,400	–	-1.95%	–
MSFT	Exit	Microsoft Corp	$0	–	-10,985	–	-2.02%	–
ADBE	Exit	Adobe Inc	$0	–	-5,548	–	-2.09%	–
AMZN	Exit	Amazon.com Inc	$0	–	-1,055	–	-2.27%	–
PYPL	Exit	PayPal Hldgs Inc	$0	–	-13,705	–	-2.33%	–
BLK	Exit	BlackRock Inc	$0	–	-4,268	–	-2.34%	–
GOOGL	Exit	Alphabet Inc	$0	–	-1,467	–	-2.56%	–
AAPL	Exit	Apple Inc	$0	–	-27,825	–	-2.57%	–
COST	Exit	Costco Whsl Corp	$0	–	-8,914	–	-2.62%	–
NVDA	Exit	Nvidia Corp	$0	–	-20,352	–	-2.76%	–

Q3 2021

			Value		Shares		↓ Weighting
NVDA	Buy	Nvidia Corp	$4,216,000	-38.5%	20,352	+137.7%	2.76%	-1.0%
COST	Sell	Costco Whsl Corp	$4,006,000	-25.1%	8,914	-34.1%	2.62%	+20.4%
AAPL	Sell	Apple Inc	$3,937,000	-36.9%	27,825	-38.9%	2.57%	+1.5%
GOOGL	Sell	Alphabet Inc	$3,922,000	-37.4%	1,467	-42.9%	2.56%	+0.6%
BLK	Sell	BlackRock Inc	$3,580,000	-35.6%	4,268	-32.9%	2.34%	+3.5%
PYPL	Sell	PayPal Hldgs Inc	$3,566,000	-39.4%	13,705	-32.1%	2.33%	-2.5%
AMZN	Sell	Amazon.com Inc	$3,465,000	-40.4%	1,055	-37.6%	2.27%	-4.2%
ADBE	Sell	Adobe Inc	$3,194,000	-42.2%	5,548	-41.2%	2.09%	-7.1%
MSFT	Sell	Microsoft Corp	$3,097,000	-42.2%	10,985	-44.5%	2.02%	-7.2%
V	Sell	Visa Inc	$2,985,000	-39.3%	13,400	-36.3%	1.95%	-2.4%
ITW	Sell	Illinois Tool Wks Inc	$2,944,000	-42.7%	14,249	-38.1%	1.92%	-7.9%
HD	Sell	Home Depot Inc	$2,850,000	-40.3%	8,681	-42.0%	1.86%	-4.1%
JNJ	Sell	Johnson & Johnson	$2,844,000	-33.0%	17,613	-31.6%	1.86%	+7.8%
AMT	Sell	American Twr Corp-REIT	$2,824,000	-33.3%	10,641	-32.1%	1.85%	+7.3%
JPM	Sell	JPMorgan Chase & Co	$2,620,000	-38.2%	16,005	-41.3%	1.71%	-0.6%
NEE	Sell	NextEra Energy Inc	$2,542,000	-36.6%	32,373	-40.8%	1.66%	+1.9%
ADP	Sell	Automatic Data Process	$2,535,000	-40.6%	12,680	-41.0%	1.66%	-4.5%
APD	Sell	Air Prods & Chems Inc	$2,493,000	-31.7%	9,734	-23.2%	1.63%	+9.8%
SYK	Sell	Stryker Corp	$2,479,000	-44.7%	9,402	-45.6%	1.62%	-11.1%
ZTS	Sell	Zoetis Inc	$2,452,000	-43.7%	12,630	-46.0%	1.60%	-9.6%
PFE	Sell	Pfizer Inc	$2,363,000	-37.2%	54,939	-42.8%	1.54%	+0.9%
TXN	Sell	Texas Instruments Inc	$2,289,000	-47.7%	11,909	-47.7%	1.50%	-15.9%
ABT	Sell	Abbott Labs	$2,276,000	-41.3%	19,264	-42.4%	1.49%	-5.6%
GD	Sell	General Dynamics Corp	$2,249,000	-43.8%	11,471	-46.0%	1.47%	-9.6%
AXP	Sell	American Express Co	$2,243,000	-48.0%	13,390	-48.7%	1.47%	-16.5%
MS	Sell	Morgan Stanley	$2,191,000	-51.9%	22,520	-54.7%	1.43%	-22.7%
AMGN	Sell	Amgen Inc	$2,190,000	-43.0%	10,299	-34.7%	1.43%	-8.4%
USB	Sell	US Bancorp DE	$2,189,000	-46.9%	36,833	-49.1%	1.43%	-14.6%
CSCO	Sell	Cisco Sys Inc	$2,124,000	-45.5%	39,015	-46.9%	1.39%	-12.4%
EMR	Sell	Emerson Elec Co	$2,087,000	-50.4%	22,155	-49.3%	1.36%	-20.3%
MCD	Sell	McDonalds Corp	$2,083,000	-45.2%	8,639	-47.5%	1.36%	-12.0%
ADM	Sell	Archer Daniels Midland	$2,023,000	-48.6%	33,703	-48.1%	1.32%	-17.4%
DIS	Sell	Walt Disney Co (The)	$1,987,000	-50.5%	11,748	-48.6%	1.30%	-20.5%
UNP	Sell	Union Pac Corp	$1,975,000	-52.3%	10,074	-46.4%	1.29%	-23.3%
NUE	Sell	Nucor Corp	$1,970,000	-48.6%	20,006	-49.9%	1.29%	-17.4%
SBUX	Sell	Starbucks Corp	$1,968,000	-52.8%	17,840	-52.2%	1.29%	-24.1%
XOM	Sell	Exxon Mobil Corp	$1,966,000	-50.4%	33,425	-46.8%	1.29%	-20.2%
GLW	Sell	Corning Inc	$1,956,000	-50.4%	53,606	-44.4%	1.28%	-20.3%
BDX	Sell	Becton Dickinson & Co	$1,937,000	-44.1%	7,880	-44.7%	1.27%	-10.1%
PEP	Sell	Pepsico Inc	$1,934,000	-45.9%	12,860	-46.7%	1.26%	-12.9%
INTC	Sell	Intel Corp	$1,909,000	-49.3%	35,835	-46.6%	1.25%	-18.6%
VZ	Sell	Verizon Comm	$1,890,000	-49.0%	34,985	-47.1%	1.24%	-18.0%
PG	Sell	Procter & Gamble Co	$1,873,000	-54.4%	13,395	-55.9%	1.22%	-26.6%
UL	Sell	Unilever PLC	$1,866,000	-48.7%	34,410	-44.6%	1.22%	-17.5%
WMT	Sell	Wal-Mart Inc	$1,840,000	-49.5%	13,200	-48.9%	1.20%	-18.8%
ATVI	Sell	Activision Blizzard	$1,835,000	-50.7%	23,705	-39.2%	1.20%	-20.7%
IP	Sell	International Paper Co	$1,835,000	-54.7%	32,815	-50.3%	1.20%	-27.2%
MMM	Sell	3M Co	$1,793,000	-51.8%	10,220	-45.4%	1.17%	-22.5%
CAT	Sell	Caterpillar Inc	$1,763,000	-55.0%	9,185	-49.0%	1.15%	-27.7%
LLY	Buy	Eli Lilly & Co	$1,763,000	+9.2%	7,631	+8.4%	1.15%	+75.5%
TECH	Buy	Bio Techne Corp	$1,590,000	+15.5%	3,281	+7.3%	1.04%	+85.7%
ODFL	Buy	Old Dominion Frt Line	$1,564,000	+29.3%	5,467	+14.7%	1.02%	+107.9%
TMO	Buy	Thermo Fisher Scientific	$1,401,000	+21.5%	2,451	+7.2%	0.92%	+95.3%
SPGI	Buy	S&P Global Inc	$1,278,000	+16.2%	3,008	+12.2%	0.84%	+87.0%
ADSK	Buy	Autodesk Inc	$1,267,000	+5.5%	4,442	+7.9%	0.83%	+69.7%
ALL	Buy	Allstate Corp	$1,246,000	+10.5%	9,787	+13.2%	0.82%	+77.6%
CTLT	Buy	Catalent Inc	$1,246,000	+31.4%	9,365	+6.8%	0.82%	+111.1%
FB	Buy	Facebook Inc	$1,190,000	+5.2%	3,505	+7.8%	0.78%	+69.1%
ADI	Buy	Analog Devices Inc	$1,175,000	+5.6%	7,016	+8.5%	0.77%	+69.5%
PNC	Buy	PNC Finl Svc Group	$1,152,000	+10.5%	5,888	+7.7%	0.75%	+77.6%
NOW	Buy	ServiceNow Inc	$1,143,000	+22.4%	1,838	+8.1%	0.75%	+96.6%
IWF	Sell	iShares Russell 1000 Grw ETF	$917,000	+0.2%	3,348	-0.7%	0.60%	+61.3%
CMI	Buy	Cummins Inc	$855,000	+0.1%	3,808	+8.7%	0.56%	+61.1%
AGG	Sell	iShares Core Total US Bd Mkt E	$838,000	-0.5%	7,298	-0.0%	0.55%	+60.2%
DE	Sell	Deere & Co	$834,000	-37.6%	2,490	-34.2%	0.54%	+0.4%
TGT	New	Target Corp	$744,000	–	3,252	–	0.49%	–
FISV	Buy	Fiserv Inc	$708,000	+11.1%	6,528	+9.5%	0.46%	+78.8%
LHX	New	L3Harris Technologies	$623,000	–	2,827	–	0.41%	–
IBM	Sell	International Bus Mach	$614,000	-74.5%	4,420	-73.0%	0.40%	-59.0%
PGX	Buy	Invesco Preferred ETF	$600,000	+5.4%	39,920	+7.4%	0.39%	+69.7%
DHR	Buy	Danaher Corp	$575,000	+45.6%	1,888	+28.3%	0.38%	+133.5%
CVX	New	Chevron Corp	$496,000	–	4,888	–	0.32%	–
NDAQ	Buy	Nasdaq Inc	$459,000	+33.4%	2,380	+21.5%	0.30%	+114.3%
MA	Buy	Mastercard Inc CL A	$440,000	+12.0%	1,264	+17.4%	0.29%	+80.0%
UNH	Buy	United Health Group Inc	$441,000	+24.2%	1,128	+27.3%	0.29%	+100.0%
EL	Buy	Estee Lauder Cos	$433,000	+10.5%	1,442	+17.1%	0.28%	+78.0%
HON	Buy	Honeywell Intl Inc	$397,000	+14.4%	1,870	+18.1%	0.26%	+84.4%
INTU	Buy	Intuit Inc	$376,000	+37.7%	698	+25.3%	0.25%	+121.6%
CFG	Buy	Citizens Finl Group	$355,000	+31.5%	7,552	+28.3%	0.23%	+110.9%
LMT	Buy	Lockheed Martin Corp	$338,000	+11.9%	980	+22.7%	0.22%	+79.7%
SHW	Buy	Sherwin Williams Co	$309,000	+29.3%	1,104	+25.7%	0.20%	+108.2%
SCHD	Buy	Schwab US Dividend Equity ETF	$307,000	-1.0%	4,139	+1.1%	0.20%	+59.5%
CMCSA	Buy	Comcast Corp	$299,000	+24.1%	5,353	+26.7%	0.20%	+100.0%
IVV	Sell	iShares Core S&P 500	$299,000	0.0%	693	-0.3%	0.20%	+60.7%
EFA	Sell	iShares MSCI EAFE ETF	$279,000	-1.1%	3,576	-0.1%	0.18%	+58.3%
FAST	Buy	Fastenal Co	$261,000	+24.9%	5,054	+25.7%	0.17%	+101.2%
DHI	Buy	D R Horton Inc Com	$235,000	+16.9%	2,800	+26.1%	0.15%	+87.8%
ECL	Exit	Ecolab Inc	$0	–	-3,458	–	-0.29%	–
ICE	Exit	Intercontinental Exchange Inc	$0	–	-6,679	–	-0.32%	–

Q2 2021

			Value		Shares		↓ Weighting
NVDA	New	Nvidia Corp	$6,850,000	–	8,562	–	2.79%	–
GOOGL	New	Alphabet Inc	$6,268,000	–	2,567	–	2.55%	–
AAPL	New	Apple Inc	$6,238,000	–	45,543	–	2.54%	–
PYPL	New	PayPal Hldgs Inc	$5,883,000	–	20,182	–	2.39%	–
AMZN	New	Amazon.com Inc	$5,817,000	–	1,691	–	2.37%	–
BLK	New	BlackRock Inc	$5,562,000	–	6,356	–	2.26%	–
ADBE	New	Adobe Inc	$5,526,000	–	9,435	–	2.25%	–
MSFT	New	Microsoft Corp	$5,362,000	–	19,792	–	2.18%	–
COST	New	Costco Whsl Corp	$5,350,000	–	13,520	–	2.18%	–
ITW	New	Illinois Tool Wks Inc	$5,142,000	–	23,002	–	2.09%	–
V	New	Visa Inc	$4,916,000	–	21,023	–	2.00%	–
HD	New	Home Depot Inc	$4,776,000	–	14,976	–	1.94%	–
MS	New	Morgan Stanley	$4,557,000	–	49,700	–	1.85%	–
SYK	New	Stryker Corp	$4,485,000	–	17,268	–	1.82%	–
TXN	New	Texas Instruments Inc	$4,377,000	–	22,759	–	1.78%	–
ZTS	New	Zoetis Inc	$4,359,000	–	23,392	–	1.77%	–
AXP	New	American Express Co	$4,316,000	–	26,120	–	1.76%	–
ADP	New	Automatic Data Process	$4,267,000	–	21,482	–	1.74%	–
JNJ	New	Johnson & Johnson	$4,242,000	–	25,749	–	1.72%	–
JPM	New	JPMorgan Chase & Co	$4,239,000	–	27,252	–	1.72%	–
AMT	New	American Twr Corp-REIT	$4,231,000	–	15,664	–	1.72%	–
EMR	New	Emerson Elec Co	$4,209,000	–	43,735	–	1.71%	–
SBUX	New	Starbucks Corp	$4,169,000	–	37,290	–	1.70%	–
UNP	New	Union Pac Corp	$4,137,000	–	18,809	–	1.68%	–
USB	New	US Bancorp DE	$4,119,000	–	72,293	–	1.68%	–
PG	New	Procter & Gamble Co	$4,103,000	–	30,406	–	1.67%	–
IP	New	International Paper Co	$4,051,000	–	66,075	–	1.65%	–
DIS	New	Walt Disney Co (The)	$4,016,000	–	22,850	–	1.63%	–
NEE	New	NextEra Energy Inc	$4,010,000	–	54,721	–	1.63%	–
GD	New	General Dynamics Corp	$4,001,000	–	21,251	–	1.63%	–
XOM	New	Exxon Mobil Corp	$3,963,000	–	62,825	–	1.61%	–
GLW	New	Corning Inc	$3,943,000	–	96,402	–	1.60%	–
ADM	New	Archer Daniels Midland	$3,935,000	–	64,933	–	1.60%	–
CAT	New	Caterpillar Inc	$3,918,000	–	18,005	–	1.59%	–
CSCO	New	Cisco Sys Inc	$3,896,000	–	73,515	–	1.58%	–
ABT	New	Abbott Labs	$3,878,000	–	33,455	–	1.58%	–
AMGN	New	Amgen Inc	$3,843,000	–	15,765	–	1.56%	–
NUE	New	Nucor Corp	$3,833,000	–	39,956	–	1.56%	–
MCD	New	McDonalds Corp	$3,804,000	–	16,469	–	1.55%	–
INTC	New	Intel Corp	$3,769,000	–	67,135	–	1.53%	–
PFE	New	Pfizer Inc	$3,764,000	–	96,119	–	1.53%	–
ATVI	New	Activision Blizzard	$3,723,000	–	39,012	–	1.51%	–
MMM	New	3M Co	$3,718,000	–	18,720	–	1.51%	–
VZ	New	Verizon Comm	$3,708,000	–	66,175	–	1.51%	–
APD	New	Air Prods & Chems Inc	$3,648,000	–	12,680	–	1.48%	–
WMT	New	Wal-Mart Inc	$3,643,000	–	25,830	–	1.48%	–
UL	New	Unilever PLC	$3,635,000	–	62,140	–	1.48%	–
PEP	New	Pepsico Inc	$3,572,000	–	24,110	–	1.45%	–
BDX	New	Becton Dickinson & Co	$3,465,000	–	14,250	–	1.41%	–
IBM	New	International Bus Mach	$2,404,000	–	16,400	–	0.98%	–
LLY	New	Eli Lilly & Co	$1,615,000	–	7,037	–	0.66%	–
TECH	New	Bio Techne Corp	$1,377,000	–	3,059	–	0.56%	–
DE	New	Deere & Co	$1,336,000	–	3,787	–	0.54%	–
ODFL	New	Old Dominion Frt Line	$1,210,000	–	4,767	–	0.49%	–
ADSK	New	Autodesk Inc	$1,201,000	–	4,115	–	0.49%	–
TMO	New	Thermo Fisher Scientific	$1,153,000	–	2,286	–	0.47%	–
FB	New	Facebook Inc	$1,131,000	–	3,252	–	0.46%	–
ALL	New	Allstate Corp	$1,128,000	–	8,649	–	0.46%	–
ADI	New	Analog Devices Inc	$1,113,000	–	6,465	–	0.45%	–
SPGI	New	S&P Global Inc	$1,100,000	–	2,680	–	0.45%	–
PNC	New	PNC Finl Svc Group	$1,043,000	–	5,466	–	0.42%	–
CTLT	New	Catalent Inc	$948,000	–	8,766	–	0.39%	–
NOW	New	ServiceNow Inc	$934,000	–	1,700	–	0.38%	–
IWF	New	iShares Russell 1000 Grw ETF	$915,000	–	3,370	–	0.37%	–
CMI	New	Cummins Inc	$854,000	–	3,503	–	0.35%	–
AGG	New	iShares Core Total US Bd Mkt E	$842,000	–	7,300	–	0.34%	–
ICE	New	Intercontinental Exchange Inc	$793,000	–	6,679	–	0.32%	–
ECL	New	Ecolab Inc	$712,000	–	3,458	–	0.29%	–
FISV	New	Fiserv Inc	$637,000	–	5,964	–	0.26%	–
VCIT	New	Vanguard Interm-Tm Corp Bd Idx	$618,000	–	6,503	–	0.25%	–
PGX	New	Invesco Preferred ETF	$569,000	–	37,165	–	0.23%	–
MBB	New	iShares MBS ETF	$549,000	–	5,072	–	0.22%	–
BSV	New	Vanguard Short-Term Bd ETF	$473,000	–	5,756	–	0.19%	–
IWM	New	iShares Russell 2000 Index ETF	$446,000	–	1,945	–	0.18%	–
DHR	New	Danaher Corp	$395,000	–	1,471	–	0.16%	–
MA	New	Mastercard Inc CL A	$393,000	–	1,077	–	0.16%	–
EL	New	Estee Lauder Cos	$392,000	–	1,231	–	0.16%	–
FLOT	New	IShares Floating Rate Bd ETF	$382,000	–	7,512	–	0.16%	–
UNH	New	United Health Group Inc	$355,000	–	886	–	0.14%	–
HON	New	Honeywell Intl Inc	$347,000	–	1,584	–	0.14%	–
NDAQ	New	Nasdaq Inc	$344,000	–	1,959	–	0.14%	–
SCHD	New	Schwab US Dividend Equity ETF	$310,000	–	4,095	–	0.13%	–
LMT	New	Lockheed Martin Corp	$302,000	–	799	–	0.12%	–
IVV	New	iShares Core S&P 500	$299,000	–	695	–	0.12%	–
TIP	New	iShares Tips Bd ETF	$284,000	–	2,222	–	0.12%	–
EFA	New	iShares MSCI EAFE ETF	$282,000	–	3,581	–	0.12%	–
INTU	New	Intuit Inc	$273,000	–	557	–	0.11%	–
CFG	New	Citizens Finl Group	$270,000	–	5,886	–	0.11%	–
CMCSA	New	Comcast Corp	$241,000	–	4,226	–	0.10%	–
SHW	New	Sherwin Williams Co	$239,000	–	878	–	0.10%	–
FAST	New	Fastenal Co	$209,000	–	4,021	–	0.08%	–
DHI	New	D R Horton Inc Com	$201,000	–	2,220	–	0.08%	–

Q4 2020

			Value		Shares		↓ Weighting
PGX	Exit	Invesco Preferred ETF	$0	–	-10,120	–	-0.06%	–
IVV	Exit	iShares Core S&P 500	$0	–	-756	–	-0.10%	–
AGG	Exit	iShares Core Total US Bd Mkt E	$0	–	-3,104	–	-0.15%	–
IWF	Exit	iShares Russell 1000 Grw ETF	$0	–	-1,687	–	-0.15%	–
INCY	Exit	Incyte Corp	$0	–	-6,577	–	-0.24%	–
FISV	Exit	Fiserv Inc	$0	–	-5,947	–	-0.25%	–
DLR	Exit	Digital Realty Tr	$0	–	-4,591	–	-0.28%	–
ODFL	Exit	Old Dominion Frt Line	$0	–	-3,791	–	-0.28%	–
ECL	Exit	Ecolab Inc	$0	–	-3,464	–	-0.29%	–
ICE	Exit	Intercontinental Exchange Inc	$0	–	-7,082	–	-0.29%	–
LLY	Exit	Eli Lilly & Co	$0	–	-5,007	–	-0.31%	–
FB	Exit	Facebook Inc Cl A	$0	–	-2,884	–	-0.31%	–
CTLT	Exit	Catalent Inc	$0	–	-8,848	–	-0.31%	–
EBS	Exit	Emergent BioSolutions	$0	–	-7,630	–	-0.33%	–
ADI	Exit	Analog Devices Inc	$0	–	-6,784	–	-0.33%	–
TECH	Exit	Bio Techne Corp	$0	–	-3,234	–	-0.33%	–
NOW	Exit	ServiceNow Inc	$0	–	-1,750	–	-0.35%	–
MCO	Exit	Moodys Corp	$0	–	-3,053	–	-0.37%	–
DE	Exit	Deere & Co	$0	–	-4,076	–	-0.37%	–
ADSK	Exit	Autodesk Inc	$0	–	-4,289	–	-0.41%	–
CRM	Exit	Salesforce Com Inc	$0	–	-3,949	–	-0.41%	–
TMO	Exit	Thermo Fisher Scientific	$0	–	-2,586	–	-0.47%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-79,105	–	-1.12%	–
IBM	Exit	International Bus Mach	$0	–	-23,610	–	-1.19%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-32,363	–	-1.29%	–
EMR	Exit	Emerson Elec Co	$0	–	-51,105	–	-1.39%	–
AXP	Exit	American Express Co	$0	–	-35,745	–	-1.48%	–
USB	Exit	US Bancorp DE	$0	–	-100,020	–	-1.48%	–
UN	Exit	Unilever NV NY	$0	–	-59,790	–	-1.49%	–
IP	Exit	International Paper Co	$0	–	-92,350	–	-1.55%	–
GD	Exit	General Dynamics Corp	$0	–	-27,890	–	-1.60%	–
NUE	Exit	Nucor Corp	$0	–	-86,530	–	-1.60%	–
ADP	Exit	Automatic Data Process	$0	–	-27,861	–	-1.61%	–
INTC	Exit	Intel Corp	$0	–	-76,210	–	-1.63%	–
MMM	Exit	3M Co	$0	–	-24,740	–	-1.64%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-17,042	–	-1.64%	–
PYPL	Exit	PayPal Hldgs Inc	$0	–	-20,235	–	-1.65%	–
DIS	Exit	Walt Disney Co (The)	$0	–	-32,149	–	-1.65%	–
CSCO	Exit	Cisco Sys Inc	$0	–	-102,560	–	-1.67%	–
MS	Exit	Morgan Stanley	$0	–	-84,600	–	-1.69%	–
VZ	Exit	Verizon Comm	$0	–	-71,800	–	-1.77%	–
ADM	Exit	Archer Daniels Midland	$0	–	-91,915	–	-1.77%	–
PFE	Exit	Pfizer Inc	$0	–	-116,980	–	-1.78%	–
JNJ	Exit	Johnson & Johnson	$0	–	-29,140	–	-1.79%	–
CAT	Exit	Caterpillar Inc	$0	–	-29,380	–	-1.81%	–
SBUX	Exit	Starbucks Corp	$0	–	-52,185	–	-1.85%	–
PEP	Exit	Pepsico Inc	$0	–	-32,560	–	-1.87%	–
AMT	Exit	American Tower Corp	$0	–	-18,676	–	-1.87%	–
ABT	Exit	Abbott Labs	$0	–	-41,685	–	-1.88%	–
NEE	Exit	NextEra Energy Inc	$0	–	-16,634	–	-1.91%	–
SYK	Exit	Stryker Corp	$0	–	-22,483	–	-1.94%	–
APD	Exit	Air Prods & Chems Inc	$0	–	-15,800	–	-1.95%	–
GLW	Exit	Corning Inc	$0	–	-146,385	–	-1.96%	–
MCD	Exit	McDonalds Corp	$0	–	-22,035	–	-2.00%	–
UNP	Exit	Union Pac Corp	$0	–	-24,647	–	-2.01%	–
TXN	Exit	Texas Instruments Inc	$0	–	-34,380	–	-2.03%	–
WMT	Exit	Wal-Mart Inc	$0	–	-35,380	–	-2.05%	–
AMGN	Exit	Amgen Inc	$0	–	-19,843	–	-2.09%	–
ZTS	Exit	Zoetis Inc	$0	–	-32,098	–	-2.20%	–
V	Exit	Visa Inc	$0	–	-26,860	–	-2.22%	–
BLK	Exit	BlackRock Inc	$0	–	-9,635	–	-2.25%	–
PG	Exit	Procter & Gamble Co	$0	–	-39,283	–	-2.26%	–
MSFT	Exit	Microsoft Corp	$0	–	-26,353	–	-2.29%	–
HD	Exit	Home Depot Inc	$0	–	-20,053	–	-2.30%	–
GOOGL	Exit	Alphabet Inc	$0	–	-3,861	–	-2.34%	–
COST	Exit	Costco Whsl Corp	$0	–	-16,003	–	-2.35%	–
ITW	Exit	Illinois Tool Wks Inc	$0	–	-30,262	–	-2.42%	–
ADBE	Exit	Adobe Inc	$0	–	-12,703	–	-2.58%	–
AAPL	Exit	Apple Inc	$0	–	-60,099	–	-2.88%	–
NVDA	Exit	Nvidia Corp	$0	–	-12,944	–	-2.90%	–
AMZN	Exit	Amazon.com Inc	$0	–	-2,255	–	-2.94%	–

Q3 2020

			Value		Shares		↓ Weighting
AMZN	Buy	Amazon.com Inc	$7,100,000	+16.5%	2,255	+2.0%	2.94%	-0.8%
NVDA	Sell	Nvidia Corp	$7,006,000	+8.0%	12,944	-24.2%	2.90%	-8.0%
AAPL	Buy	Apple Inc	$6,960,000	+37.0%	60,099	+331.6%	2.88%	+16.8%
ADBE	Sell	Adobe Inc	$6,230,000	+10.5%	12,703	-2.0%	2.58%	-5.8%
ITW	Buy	Illinois Tool Wks Inc	$5,847,000	+34.0%	30,262	+21.3%	2.42%	+14.2%
COST	Buy	Costco Whsl Corp	$5,681,000	+24.0%	16,003	+5.9%	2.35%	+5.6%
GOOGL	Buy	Alphabet Inc	$5,659,000	+10.0%	3,861	+6.5%	2.34%	-6.2%
HD	Buy	Home Depot Inc	$5,569,000	+14.6%	20,053	+3.3%	2.30%	-2.4%
MSFT	Buy	Microsoft Corp	$5,543,000	+5.9%	26,353	+2.5%	2.29%	-9.7%
PG	Buy	Procter & Gamble Co	$5,460,000	+36.4%	39,283	+17.4%	2.26%	+16.3%
BLK	Buy	BlackRock Inc	$5,430,000	+10.0%	9,635	+6.2%	2.25%	-6.3%
V	Buy	Visa Inc	$5,371,000	+10.6%	26,860	+6.8%	2.22%	-5.8%
ZTS	Buy	Zoetis Inc	$5,308,000	+25.1%	32,098	+3.6%	2.20%	+6.6%
AMGN	Buy	Amgen Inc	$5,043,000	+14.9%	19,843	+6.7%	2.09%	-2.1%
WMT	Buy	Wal-Mart Inc	$4,950,000	+23.1%	35,380	+5.4%	2.05%	+4.9%
TXN	Buy	Texas Instruments Inc	$4,909,000	+17.9%	34,380	+4.9%	2.03%	+0.5%
UNP	Buy	Union Pac Corp	$4,852,000	+21.0%	24,647	+3.9%	2.01%	+3.1%
MCD	Buy	McDonalds Corp	$4,836,000	+25.4%	22,035	+5.4%	2.00%	+6.8%
GLW	Buy	Corning Inc	$4,744,000	+25.6%	146,385	+0.4%	1.96%	+7.0%
APD	Sell	Air Prods & Chems Inc	$4,706,000	+12.8%	15,800	-8.6%	1.95%	-3.9%
SYK	Sell	Stryker Corp	$4,685,000	+11.4%	22,483	-3.6%	1.94%	-5.0%
NEE	Buy	NextEra Energy Inc	$4,617,000	+21.8%	16,634	+5.4%	1.91%	+3.8%
ABT	Buy	Abbott Labs	$4,537,000	+27.2%	41,685	+6.9%	1.88%	+8.4%
AMT	Buy	American Tower Corp	$4,515,000	-0.4%	18,676	+6.6%	1.87%	-15.1%
PEP	Buy	Pepsico Inc	$4,513,000	+11.5%	32,560	+6.4%	1.87%	-5.0%
SBUX	Buy	Starbucks Corp	$4,484,000	+26.9%	52,185	+8.7%	1.85%	+8.1%
CAT	Buy	Caterpillar Inc	$4,382,000	+22.1%	29,380	+3.5%	1.81%	+4.0%
JNJ	Buy	Johnson & Johnson	$4,338,000	+12.8%	29,140	+6.6%	1.79%	-3.9%
PFE	Buy	Pfizer Inc	$4,293,000	+21.0%	116,980	+7.8%	1.78%	+3.1%
ADM	Buy	Archer Daniels Midland	$4,273,000	+23.2%	91,915	+5.8%	1.77%	+5.0%
VZ	Buy	Verizon Comm	$4,271,000	+15.5%	71,800	+7.0%	1.77%	-1.6%
MS	Buy	Morgan Stanley	$4,090,000	+6.4%	84,600	+6.3%	1.69%	-9.4%
CSCO	Buy	Cisco Sys Inc	$4,040,000	-1.9%	102,560	+16.1%	1.67%	-16.4%
DIS	Buy	Walt Disney Co (The)	$3,989,000	+18.3%	32,149	+6.3%	1.65%	+0.8%
PYPL	Buy	PayPal Hldgs Inc	$3,987,000	+284.8%	20,235	+240.1%	1.65%	+227.8%
BDX	Buy	Becton Dickinson & Co	$3,965,000	+8.7%	17,042	+11.8%	1.64%	-7.4%
MMM	Buy	3M Co	$3,963,000	+10.3%	24,740	+7.4%	1.64%	-6.0%
INTC	Buy	Intel Corp	$3,946,000	-0.0%	76,210	+15.5%	1.63%	-14.8%
ADP	Buy	Automatic Data Process	$3,886,000	+10.3%	27,861	+17.7%	1.61%	-6.0%
NUE	Buy	Nucor Corp	$3,882,000	+18.6%	86,530	+9.5%	1.60%	+1.0%
GD	Buy	General Dynamics Corp	$3,861,000	+12.6%	27,890	+21.6%	1.60%	-4.0%
IP	Buy	International Paper Co	$3,744,000	+26.9%	92,350	+10.2%	1.55%	+8.1%
UN	Buy	Unilever NV NY	$3,611,000	+22.0%	59,790	+7.6%	1.49%	+3.9%
USB	Buy	US Bancorp DE	$3,586,000	+19.5%	100,020	+22.7%	1.48%	+1.9%
AXP	Buy	American Express Co	$3,583,000	+9.1%	35,745	+3.6%	1.48%	-7.0%
EMR	Buy	Emerson Elec Co	$3,351,000	+14.7%	51,105	+8.5%	1.39%	-2.3%
JPM	Buy	JPMorgan Chase & Co	$3,116,000	+14.6%	32,363	+11.9%	1.29%	-2.3%
IBM	Buy	International Bus Mach	$2,873,000	+2.1%	23,610	+1.4%	1.19%	-13.0%
XOM	Buy	Exxon Mobil Corp	$2,716,000	-9.1%	79,105	+18.4%	1.12%	-22.6%
TMO	Buy	Thermo Fisher Scientific	$1,142,000	+31.3%	2,586	+7.7%	0.47%	+11.8%
CRM	Buy	Salesforce Com Inc	$993,000	+45.0%	3,949	+8.1%	0.41%	+23.8%
ADSK	Buy	Autodesk Inc	$991,000	+4.3%	4,289	+8.0%	0.41%	-11.1%
DE	Buy	Deere & Co	$903,000	+51.8%	4,076	+7.6%	0.37%	+29.1%
MCO	Buy	Moodys Corp	$885,000	+10.8%	3,053	+5.0%	0.37%	-5.7%
NOW	Buy	ServiceNow Inc	$849,000	+31.0%	1,750	+9.4%	0.35%	+11.8%
TECH	Buy	Bio Techne Corp	$801,000	+1.3%	3,234	+7.9%	0.33%	-13.8%
ADI	Buy	Analog Devices Inc	$792,000	+1.8%	6,784	+6.9%	0.33%	-13.2%
EBS	Sell	Emergent BioSolutions	$788,000	-9.1%	7,630	-30.4%	0.33%	-22.6%
CTLT	New	Catalent Inc	$758,000	–	8,848	–	0.31%	–
FB	Buy	Facebook Inc Cl A	$755,000	+37.3%	2,884	+19.1%	0.31%	+16.9%
LLY	New	Eli Lilly & Co	$741,000	–	5,007	–	0.31%	–
ICE	New	Intercontinental Exchange Inc	$709,000	–	7,082	–	0.29%	–
ECL	Buy	Ecolab Inc	$692,000	+10.0%	3,464	+9.7%	0.29%	-6.2%
ODFL	New	Old Dominion Frt Line	$686,000	–	3,791	–	0.28%	–
DLR	Buy	Digital Realty Tr	$674,000	+12.7%	4,591	+9.1%	0.28%	-3.8%
FISV	Buy	Fiserv Inc	$613,000	+17.0%	5,947	+10.8%	0.25%	0.0%
INCY	New	Incyte Corp	$590,000	–	6,577	–	0.24%	–
IWF	New	iShares Russell 1000 Grw ETF	$366,000	–	1,687	–	0.15%	–
AGG	New	iShares Core Total US Bd Mkt E	$366,000	–	3,104	–	0.15%	–
IVV	New	iShares Core S&P 500	$254,000	–	756	–	0.10%	–
PGX	New	Invesco Preferred ETF	$149,000	–	10,120	–	0.06%	–
CVX	Exit	Chevron Corp	$0	–	-3,898	–	-0.17%	–
MRK	Exit	Merck & Co Inc	$0	–	-6,249	–	-0.23%	–
ITRI	Exit	Itron Inc	$0	–	-7,454	–	-0.24%	–
LHX	Exit	L3Harris Technologies	$0	–	-2,989	–	-0.25%	–
HON	Exit	Honeywell Intl Inc	$0	–	-3,741	–	-0.26%	–
IQV	Exit	Iqvia Hldgs Inc	$0	–	-4,298	–	-0.30%	–
ANET	Exit	Arista Networks Inc	$0	–	-2,922	–	-0.30%	–

Q2 2020

			Value		Shares		↓ Weighting
NVDA	New	Nvidia Corp	$6,488,000	–	17,077	–	3.15%	–
AMZN	New	Amazon.com Inc	$6,097,000	–	2,210	–	2.96%	–
ADBE	New	Adobe Inc	$5,640,000	–	12,957	–	2.74%	–
MSFT	New	Microsoft Corp	$5,232,000	–	25,711	–	2.54%	–
GOOGL	New	Alphabet Inc	$5,143,000	–	3,627	–	2.50%	–
AAPL	New	Apple Inc	$5,079,000	–	13,924	–	2.46%	–
BLK	New	BlackRock Inc	$4,937,000	–	9,075	–	2.40%	–
HD	New	Home Depot Inc	$4,861,000	–	19,404	–	2.36%	–
V	New	Visa Inc	$4,857,000	–	25,144	–	2.36%	–
COST	New	Costco Whsl Corp	$4,583,000	–	15,113	–	2.22%	–
AMT	New	American Tower Corp	$4,531,000	–	17,524	–	2.20%	–
AMGN	New	Amgen Inc	$4,388,000	–	18,603	–	2.13%	–
ITW	New	Illinois Tool Wks Inc	$4,363,000	–	24,955	–	2.12%	–
ZTS	New	Zoetis Inc	$4,244,000	–	30,970	–	2.06%	–
SYK	New	Stryker Corp	$4,204,000	–	23,331	–	2.04%	–
APD	New	Air Prods & Chems Inc	$4,172,000	–	17,280	–	2.02%	–
TXN	New	Texas Instruments Inc	$4,162,000	–	32,780	–	2.02%	–
CSCO	New	Cisco Sys Inc	$4,119,000	–	88,320	–	2.00%	–
PEP	New	Pepsico Inc	$4,046,000	–	30,590	–	1.96%	–
WMT	New	Wal-Mart Inc	$4,022,000	–	33,580	–	1.95%	–
UNP	New	Union Pac Corp	$4,010,000	–	23,720	–	1.95%	–
PG	New	Procter & Gamble Co	$4,002,000	–	33,470	–	1.94%	–
INTC	New	Intel Corp	$3,947,000	–	65,975	–	1.92%	–
MCD	New	McDonalds Corp	$3,857,000	–	20,910	–	1.87%	–
JNJ	New	Johnson & Johnson	$3,845,000	–	27,340	–	1.87%	–
MS	New	Morgan Stanley	$3,845,000	–	79,600	–	1.87%	–
NEE	New	NextEra Energy Inc	$3,791,000	–	15,785	–	1.84%	–
GLW	New	Corning Inc	$3,776,000	–	145,785	–	1.83%	–
VZ	New	Verizon Comm	$3,699,000	–	67,100	–	1.80%	–
BDX	New	Becton Dickinson & Co	$3,649,000	–	15,250	–	1.77%	–
MMM	New	3M Co	$3,594,000	–	23,040	–	1.74%	–
CAT	New	Caterpillar Inc	$3,590,000	–	28,380	–	1.74%	–
ABT	New	Abbott Labs	$3,567,000	–	39,010	–	1.73%	–
PFE	New	Pfizer Inc	$3,547,000	–	108,480	–	1.72%	–
SBUX	New	Starbucks Corp	$3,533,000	–	48,010	–	1.72%	–
ADP	New	Automatic Data Process	$3,524,000	–	23,670	–	1.71%	–
ADM	New	Archer Daniels Midland	$3,468,000	–	86,915	–	1.68%	–
GD	New	General Dynamics Corp	$3,428,000	–	22,935	–	1.66%	–
DIS	New	Walt Disney Co (The)	$3,373,000	–	30,250	–	1.64%	–
AXP	New	American Express Co	$3,284,000	–	34,495	–	1.59%	–
NUE	New	Nucor Corp	$3,273,000	–	79,030	–	1.59%	–
USB	New	US Bancorp DE	$3,001,000	–	81,500	–	1.46%	–
XOM	New	Exxon Mobil Corp	$2,988,000	–	66,805	–	1.45%	–
UN	New	Unilever NV NY	$2,961,000	–	55,590	–	1.44%	–
IP	New	International Paper Co	$2,951,000	–	83,800	–	1.43%	–
EMR	New	Emerson Elec Co	$2,922,000	–	47,105	–	1.42%	–
IBM	New	International Bus Mach	$2,813,000	–	23,295	–	1.36%	–
JPM	New	JPMorgan Chase & Co	$2,720,000	–	28,913	–	1.32%	–
PYPL	New	Paypal Hldgs Inc	$1,036,000	–	5,949	–	0.50%	–
ADSK	New	Autodesk Inc	$950,000	–	3,972	–	0.46%	–
TMO	New	Thermo Fisher Scientific	$870,000	–	2,401	–	0.42%	–
EBS	New	Emergent BioSolutions	$867,000	–	10,968	–	0.42%	–
MCO	New	Moodys Corp	$799,000	–	2,909	–	0.39%	–
TECH	New	Bio Techne Corp	$791,000	–	2,997	–	0.38%	–
ADI	New	Analog Devices Inc	$778,000	–	6,347	–	0.38%	–
CRM	New	Salesforce Com Inc	$685,000	–	3,654	–	0.33%	–
NOW	New	ServiceNow Inc	$648,000	–	1,600	–	0.31%	–
ECL	New	Ecolab Inc	$629,000	–	3,159	–	0.30%	–
ANET	New	Arista Networks Inc	$614,000	–	2,922	–	0.30%	–
IQV	New	Iqvia Hldgs Inc	$610,000	–	4,298	–	0.30%	–
DLR	New	Digital Rlty Tr Inc	$598,000	–	4,207	–	0.29%	–
DE	New	Deere & Co	$595,000	–	3,787	–	0.29%	–
FB	New	Facebook Inc Cl A	$550,000	–	2,421	–	0.27%	–
HON	New	Honeywell Intl Inc	$541,000	–	3,741	–	0.26%	–
FISV	New	Fiserv Inc	$524,000	–	5,366	–	0.25%	–
LHX	New	L3Harris Technologies	$507,000	–	2,989	–	0.25%	–
ITRI	New	Itron Inc	$494,000	–	7,454	–	0.24%	–
MRK	New	Merck & Co Inc	$483,000	–	6,249	–	0.23%	–
CVX	New	Chevron Corp	$348,000	–	3,898	–	0.17%	–

Q4 2019

			Value		Shares		↓ Weighting
NOW	Exit	ServiceNow Inc	$0	–	-1,055	–	-0.13%	–
FB	Exit	Facebook Inc Cl A	$0	–	-1,787	–	-0.15%	–
CVX	Exit	Chevron Corp	$0	–	-2,976	–	-0.17%	–
MRK	Exit	Merck & Co Inc	$0	–	-4,403	–	-0.18%	–
LHX	Exit	L3Harris Technologies	$0	–	-1,809	–	-0.18%	–
PGR	Exit	Progressive Corp Ohio	$0	–	-4,938	–	-0.18%	–
DLR	Exit	Digital Rlty Tr Inc	$0	–	-3,070	–	-0.19%	–
CRM	Exit	Salesforce Com Inc	$0	–	-2,708	–	-0.20%	–
TECH	Exit	Bio Techne Corp	$0	–	-2,262	–	-0.21%	–
ADSK	Exit	Autodesk Inc	$0	–	-3,028	–	-0.22%	–
MCO	Exit	Moodys Corp	$0	–	-2,176	–	-0.22%	–
TMO	Exit	Thermo Fisher Scientific	$0	–	-1,566	–	-0.22%	–
HON	Exit	Honeywell Intl Inc	$0	–	-2,704	–	-0.22%	–
PYPL	Exit	Paypal Hldgs Inc	$0	–	-4,469	–	-0.22%	–
ECL	Exit	Ecolab Inc	$0	–	-2,353	–	-0.23%	–
ILMN	Exit	Illumina Inc	$0	–	-1,563	–	-0.23%	–
IQV	Exit	Iqvia Hldgs Inc	$0	–	-3,191	–	-0.23%	–
ROP	Exit	Roper Technologies Inc	$0	–	-1,434	–	-0.25%	–
ADI	Exit	Analog Devices Inc	$0	–	-4,804	–	-0.26%	–
CME	Exit	CME Group Inc	$0	–	-2,571	–	-0.26%	–
HAL	Exit	Halliburton Co	$0	–	-34,000	–	-0.31%	–
IBM	Exit	International Bus Mach	$0	–	-18,395	–	-1.30%	–
FDX	Exit	Fedex Corp	$0	–	-18,923	–	-1.33%	–
EMR	Exit	Emerson Elec Co	$0	–	-42,355	–	-1.37%	–
TPR	Exit	Tapestry Inc	$0	–	-109,765	–	-1.38%	–
SLB	Exit	Schlumberger Ltd	$0	–	-87,240	–	-1.44%	–
UN	Exit	Unilever NV NY	$0	–	-55,393	–	-1.61%	–
NUE	Exit	Nucor Corp	$0	–	-66,982	–	-1.65%	–
PFE	Exit	Pfizer Inc	$0	–	-96,583	–	-1.68%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-30,205	–	-1.72%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-50,751	–	-1.74%	–
OXY	Exit	Occidental Petroleum	$0	–	-81,529	–	-1.76%	–
MS	Exit	Morgan Stanley	$0	–	-85,107	–	-1.76%	–
CAT	Exit	Caterpillar Inc	$0	–	-28,750	–	-1.76%	–
ADM	Exit	Archer Daniels Midland	$0	–	-88,475	–	-1.76%	–
MMM	Exit	3M Co	$0	–	-22,251	–	-1.77%	–
GLW	Exit	Corning Inc	$0	–	-129,538	–	-1.79%	–
IP	Exit	International Paper Co	$0	–	-89,246	–	-1.81%	–
JNJ	Exit	Johnson & Johnson	$0	–	-29,365	–	-1.84%	–
BLK	Exit	BlackRock Inc	$0	–	-8,605	–	-1.86%	–
GD	Exit	General Dynamics Corp	$0	–	-21,560	–	-1.91%	–
INTC	Exit	Intel Corp	$0	–	-77,694	–	-1.94%	–
USB	Exit	US Bancorp DE	$0	–	-72,446	–	-1.94%	–
UNP	Exit	Union Pac Corp	$0	–	-24,768	–	-1.94%	–
DIS	Exit	Walt Disney Co (The)	$0	–	-31,431	–	-1.98%	–
APD	Exit	Air Prods & Chems Inc	$0	–	-18,535	–	-1.99%	–
ZTS	Exit	Zoetis Inc	$0	–	-33,095	–	-2.00%	–
AMGN	Exit	Amgen Inc	$0	–	-21,558	–	-2.02%	–
AXP	Exit	American Express Co	$0	–	-35,317	–	-2.02%	–
SBUX	Exit	Starbucks Corp	$0	–	-47,331	–	-2.03%	–
ADBE	Exit	Adobe Inc	$0	–	-15,224	–	-2.04%	–
ADP	Exit	Automatic Data Process	$0	–	-26,095	–	-2.04%	–
ITW	Exit	Illinois Tool Wks Inc	$0	–	-27,301	–	-2.07%	–
VZ	Exit	Verizon Comm	$0	–	-71,010	–	-2.08%	–
PG	Exit	Procter & Gamble Co	$0	–	-36,006	–	-2.17%	–
TXN	Exit	Texas Instruments Inc	$0	–	-34,691	–	-2.17%	–
CSCO	Exit	Cisco Sys Inc	$0	–	-91,153	–	-2.18%	–
MCD	Exit	McDonalds Corp	$0	–	-21,002	–	-2.18%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-18,066	–	-2.21%	–
PEP	Exit	Pepsico Inc	$0	–	-33,331	–	-2.21%	–
WMT	Exit	Wal-Mart Inc	$0	–	-38,614	–	-2.22%	–
MSFT	Exit	Microsoft Corp	$0	–	-33,178	–	-2.23%	–
NVDA	Exit	Nvidia Corp	$0	–	-26,992	–	-2.27%	–
AMZN	Exit	Amazon.com Inc	$0	–	-2,711	–	-2.28%	–
GOOGL	Exit	Alphabet Inc	$0	–	-3,856	–	-2.28%	–
V	Exit	Visa Inc	$0	–	-27,385	–	-2.28%	–
AAPL	Exit	Apple Inc	$0	–	-21,256	–	-2.30%	–
COST	Exit	Costco Whsl Corp	$0	–	-16,935	–	-2.36%	–
HD	Exit	Home Depot Inc	$0	–	-21,197	–	-2.38%	–
SYK	Exit	Stryker Corp	$0	–	-23,775	–	-2.49%	–

Q3 2019

			Value		Shares		↓ Weighting
SYK	Sell	Stryker Corp	$5,143,000	-66.0%	23,775	-67.7%	2.49%	+2.7%
HD	Sell	Home Depot Inc	$4,918,000	-62.9%	21,197	-66.8%	2.38%	+12.1%
COST	Sell	Costco Whsl Corp	$4,879,000	-66.6%	16,935	-69.4%	2.36%	+0.9%
AAPL	Sell	Apple Inc	$4,761,000	-63.5%	21,256	-67.8%	2.30%	+10.3%
V	Sell	Visa Inc	$4,710,000	-69.2%	27,385	-68.9%	2.28%	-6.9%
GOOGL	Sell	Alphabet Inc	$4,709,000	-62.5%	3,856	-66.8%	2.28%	+13.3%
AMZN	Sell	Amazon.com Inc	$4,706,000	-69.7%	2,711	-66.9%	2.28%	-8.3%
NVDA	Sell	Nvidia Corp	$4,698,000	-65.3%	26,992	-67.2%	2.27%	+4.9%
MSFT	Sell	Microsoft Corp	$4,613,000	-66.5%	33,178	-67.7%	2.23%	+1.3%
WMT	Sell	Wal-Mart Inc	$4,583,000	-65.2%	38,614	-67.6%	2.22%	+5.2%
PEP	Sell	Pepsico Inc	$4,570,000	-66.3%	33,331	-67.8%	2.21%	+1.8%
BDX	Sell	Becton Dickinson & Co	$4,570,000	-66.6%	18,066	-66.7%	2.21%	+1.0%
MCD	Sell	McDonalds Corp	$4,509,000	-67.5%	21,002	-68.6%	2.18%	-1.9%
CSCO	Sell	Cisco Sys Inc	$4,504,000	-70.0%	91,153	-66.7%	2.18%	-9.2%
TXN	Sell	Texas Instruments Inc	$4,483,000	-67.4%	34,691	-71.0%	2.17%	-1.4%
PG	Sell	Procter & Gamble Co	$4,478,000	-66.9%	36,006	-70.8%	2.17%	+0.2%
VZ	Sell	Verizon Comm	$4,286,000	-64.8%	71,010	-66.7%	2.08%	+6.5%
ITW	Sell	Illinois Tool Wks Inc	$4,272,000	-65.4%	27,301	-66.7%	2.07%	+4.6%
ADP	Sell	Automatic Data Process	$4,212,000	-68.0%	26,095	-67.2%	2.04%	-3.2%
ADBE	Buy	Adobe Inc	$4,206,000	+236.7%	15,224	+259.1%	2.04%	+918.0%
SBUX	Sell	Starbucks Corp	$4,185,000	-69.6%	47,331	-71.2%	2.03%	-8.2%
AXP	Sell	American Express Co	$4,177,000	-69.1%	35,317	-67.8%	2.02%	-6.7%
AMGN	Sell	Amgen Inc	$4,172,000	-68.5%	21,558	-70.0%	2.02%	-4.7%
ZTS	Sell	Zoetis Inc	$4,123,000	-71.0%	33,095	-73.6%	2.00%	-12.4%
APD	Sell	Air Prods & Chems Inc	$4,112,000	-69.4%	18,535	-68.8%	1.99%	-7.4%
DIS	Sell	Walt Disney Co (The)	$4,096,000	-68.9%	31,431	-66.7%	1.98%	-6.1%
UNP	Sell	Union Pac Corp	$4,012,000	-68.1%	24,768	-66.7%	1.94%	-3.5%
USB	Sell	US Bancorp DE	$4,009,000	-64.8%	72,446	-66.7%	1.94%	+6.4%
INTC	Sell	Intel Corp	$4,004,000	-64.1%	77,694	-66.7%	1.94%	+8.4%
GD	Sell	General Dynamics Corp	$3,940,000	-66.5%	21,560	-66.7%	1.91%	+1.2%
BLK	Sell	BlackRock Inc	$3,835,000	-68.3%	8,605	-66.6%	1.86%	-4.2%
JNJ	Sell	Johnson & Johnson	$3,799,000	-69.0%	29,365	-66.7%	1.84%	-6.4%
IP	Sell	International Paper Co	$3,732,000	-65.5%	89,246	-64.3%	1.81%	+4.3%
GLW	Sell	Corning Inc	$3,694,000	-67.9%	129,538	-62.5%	1.79%	-2.9%
MMM	Sell	3M Co	$3,658,000	-67.2%	22,251	-65.4%	1.77%	-0.8%
ADM	Sell	Archer Daniels Midland	$3,634,000	-66.4%	88,475	-66.7%	1.76%	+1.4%
MS	Sell	Morgan Stanley	$3,632,000	-67.5%	85,107	-66.7%	1.76%	-1.9%
CAT	Sell	Caterpillar Inc	$3,631,000	-69.1%	28,750	-66.7%	1.76%	-6.6%
OXY	Sell	Occidental Petroleum	$3,626,000	-68.4%	81,529	-64.3%	1.76%	-4.6%
XOM	Sell	Exxon Mobil Corp	$3,584,000	-67.7%	50,751	-64.9%	1.74%	-2.4%
JPM	Sell	JPMorgan Chase & Co	$3,555,000	-65.5%	30,205	-67.3%	1.72%	+4.2%
PFE	Sell	Pfizer Inc	$3,470,000	-72.4%	96,583	-66.7%	1.68%	-16.5%
NUE	Sell	Nucor Corp	$3,410,000	-68.9%	66,982	-66.4%	1.65%	-6.1%
UN	Sell	Unilever NV NY	$3,325,000	-67.3%	55,393	-66.9%	1.61%	-1.2%
SLB	Sell	Schlumberger Ltd	$2,981,000	-69.0%	87,240	-64.0%	1.44%	-6.4%
TPR	Sell	Tapestry Inc	$2,859,000	-73.9%	109,765	-68.2%	1.38%	-21.2%
EMR	Sell	Emerson Elec Co	$2,832,000	-67.3%	42,355	-67.4%	1.37%	-1.2%
FDX	Sell	Fedex Corp	$2,755,000	-76.2%	18,923	-73.2%	1.33%	-28.1%
IBM	Sell	International Bus Mach	$2,675,000	-64.8%	18,395	-66.7%	1.30%	+6.2%
HAL	Sell	Halliburton Co	$641,000	-66.4%	34,000	-59.5%	0.31%	+1.3%
CME	Sell	CME Group Inc	$543,000	-63.9%	2,571	-66.8%	0.26%	+9.1%
ADI	Sell	Analog Devices Inc	$537,000	-68.0%	4,804	-67.7%	0.26%	-3.3%
ROP	Sell	Roper Technologies Inc	$511,000	-68.5%	1,434	-67.6%	0.25%	-5.0%
IQV	Sell	Iqvia Hldgs Inc	$477,000	-69.7%	3,191	-67.4%	0.23%	-8.3%
ILMN	Sell	Illumina Inc	$475,000	-73.2%	1,563	-67.6%	0.23%	-19.0%
ECL	Sell	Ecolab Inc	$466,000	-67.4%	2,353	-67.5%	0.23%	-1.3%
PYPL	Sell	Paypal Hldgs Inc	$463,000	-70.3%	4,469	-67.2%	0.22%	-10.4%
HON	Sell	Honeywell Intl Inc	$458,000	-68.4%	2,704	-67.4%	0.22%	-4.3%
TMO	Sell	Thermo Fisher Scientific	$456,000	-65.8%	1,566	-65.5%	0.22%	+3.3%
ADSK	Sell	Autodesk Inc	$447,000	-70.6%	3,028	-67.5%	0.22%	-11.1%
MCO	Sell	Moodys Corp	$446,000	-64.5%	2,176	-66.2%	0.22%	+7.5%
TECH	Sell	Bio Techne Corp	$443,000	-69.6%	2,262	-67.6%	0.21%	-8.2%
CRM	Sell	Salesforce Com Inc	$402,000	-68.1%	2,708	-67.4%	0.20%	-3.5%
DLR	New	Digital Rlty Tr Inc	$399,000	–	3,070	–	0.19%	–
PGR	New	Progressive Corp Ohio	$381,000	–	4,938	–	0.18%	–
LHX	New	L3Harris Technologies	$377,000	–	1,809	–	0.18%	–
MRK	New	Merck & Co Inc	$371,000	–	4,403	–	0.18%	–
CVX	Sell	Chevron Corp	$353,000	-68.9%	2,976	-67.4%	0.17%	-6.0%
FB	New	Facebook Inc Cl A	$318,000	–	1,787	–	0.15%	–
NOW	New	ServiceNow Inc	$268,000	–	1,055	–	0.13%	–
RTN	Exit	Raytheon Co	$0	–	-6,219	–	-0.17%	–
ANET	Exit	Arista Networks Inc	$0	–	-4,476	–	-0.19%	–
SCHW	Exit	Schwab Charles CP	$0	–	-31,200	–	-0.20%	–
NKE	Exit	Nike Inc	$0	–	-15,201	–	-0.20%	–

Q2 2019

			Value		Shares		↓ Weighting
AMZN	New	Amazon.com Inc	$15,509,000	–	8,190	–	2.48%	–
V	New	Visa Inc	$15,297,000	–	88,140	–	2.45%	–
SYK	New	Stryker Corp	$15,141,000	–	73,650	–	2.42%	–
CSCO	New	Cisco Sys Inc	$14,990,000	–	273,891	–	2.40%	–
COST	New	Costco Whsl Corp	$14,607,000	–	55,275	–	2.34%	–
ZTS	New	Zoetis Inc	$14,226,000	–	125,355	–	2.28%	–
MCD	New	McDonalds Corp	$13,893,000	–	66,906	–	2.22%	–
SBUX	New	Starbucks Corp	$13,785,000	–	164,448	–	2.21%	–
MSFT	New	Microsoft Corp	$13,766,000	–	102,762	–	2.20%	–
TXN	New	Texas Instruments Inc	$13,738,000	–	119,709	–	2.20%	–
BDX	New	Becton Dickinson & Co	$13,674,000	–	54,261	–	2.19%	–
PEP	New	Pepsico Inc	$13,564,000	–	103,443	–	2.17%	–
NVDA	New	Nvidia Corp	$13,533,000	–	82,407	–	2.17%	–
AXP	New	American Express Co	$13,529,000	–	109,596	–	2.17%	–
PG	New	Procter & Gamble Co	$13,509,000	–	123,198	–	2.16%	–
APD	New	Air Prods & Chems Inc	$13,429,000	–	59,325	–	2.15%	–
HD	New	Home Depot Inc	$13,263,000	–	63,777	–	2.12%	–
AMGN	New	Amgen Inc	$13,231,000	–	71,799	–	2.12%	–
DIS	New	Walt Disney Co (The)	$13,184,000	–	94,413	–	2.11%	–
WMT	New	Wal-Mart Inc	$13,174,000	–	119,232	–	2.11%	–
ADP	New	Automatic Data Process	$13,152,000	–	79,554	–	2.11%	–
AAPL	New	Apple Inc	$13,048,000	–	65,928	–	2.09%	–
GOOGL	New	Alphabet Inc	$12,565,000	–	11,604	–	2.01%	–
UNP	New	Union Pac Corp	$12,566,000	–	74,304	–	2.01%	–
PFE	New	Pfizer Inc	$12,552,000	–	289,749	–	2.01%	–
ITW	New	Illinois Tool Wks Inc	$12,352,000	–	81,903	–	1.98%	–
JNJ	New	Johnson & Johnson	$12,270,000	–	88,095	–	1.96%	–
VZ	New	Verizon Comm	$12,171,000	–	213,030	–	1.95%	–
BLK	New	BlackRock Inc	$12,101,000	–	25,785	–	1.94%	–
GD	New	General Dynamics Corp	$11,760,000	–	64,680	–	1.88%	–
CAT	New	Caterpillar Inc	$11,755,000	–	86,250	–	1.88%	–
FDX	New	Fedex Corp	$11,586,000	–	70,569	–	1.86%	–
GLW	New	Corning Inc	$11,493,000	–	345,861	–	1.84%	–
OXY	New	Occidental Petroleum	$11,484,000	–	228,387	–	1.84%	–
USB	New	US Bancorp DE	$11,388,000	–	217,338	–	1.82%	–
MS	New	Morgan Stanley	$11,186,000	–	255,321	–	1.79%	–
INTC	New	Intel Corp	$11,157,000	–	233,082	–	1.79%	–
MMM	New	3M Co	$11,142,000	–	64,275	–	1.78%	–
XOM	New	Exxon Mobil Corp	$11,092,000	–	144,753	–	1.78%	–
NUE	New	Nucor Corp	$10,973,000	–	199,146	–	1.76%	–
TPR	New	Tapestry Inc	$10,962,000	–	345,495	–	1.76%	–
ADM	New	Archer Daniels Midland	$10,830,000	–	265,425	–	1.74%	–
IP	New	International Paper Co	$10,818,000	–	249,738	–	1.73%	–
JPM	New	JPMorgan Chase & Co	$10,313,000	–	92,244	–	1.65%	–
UN	New	Unilever NV NY	$10,170,000	–	167,493	–	1.63%	–
SLB	New	Schlumberger Ltd	$9,626,000	–	242,220	–	1.54%	–
EMR	New	Emerson Elec Co	$8,666,000	–	129,879	–	1.39%	–
IBM	New	International Bus Mach	$7,610,000	–	55,185	–	1.22%	–
HAL	New	Halliburton Co	$1,910,000	–	84,000	–	0.31%	–
ILMN	New	Illumina Inc	$1,775,000	–	4,821	–	0.28%	–
ADI	New	Analog Devices Inc	$1,680,000	–	14,880	–	0.27%	–
ROP	New	Roper Technologies Inc	$1,622,000	–	4,428	–	0.26%	–
IQV	New	Iqvia Hldgs Inc	$1,576,000	–	9,798	–	0.25%	–
PYPL	New	Paypal Hldgs Inc	$1,560,000	–	13,632	–	0.25%	–
ADSK	New	Autodesk Inc	$1,518,000	–	9,315	–	0.24%	–
CME	New	CME Group Inc	$1,503,000	–	7,746	–	0.24%	–
TECH	New	Bio Techne Corp	$1,456,000	–	6,984	–	0.23%	–
HON	New	Honeywell Inc	$1,450,000	–	8,307	–	0.23%	–
ECL	New	Ecolab Inc	$1,430,000	–	7,242	–	0.23%	–
TMO	New	Thermo Fisher Scientific	$1,334,000	–	4,542	–	0.21%	–
NKE	New	Nike Inc	$1,276,000	–	15,201	–	0.20%	–
CRM	New	Salesforce Com Inc	$1,260,000	–	8,304	–	0.20%	–
MCO	New	Moodys Corp	$1,257,000	–	6,438	–	0.20%	–
SCHW	New	Schwab Charles CP	$1,254,000	–	31,200	–	0.20%	–
ADBE	New	Adobe Inc	$1,249,000	–	4,239	–	0.20%	–
ANET	New	Arista Networks Inc	$1,162,000	–	4,476	–	0.19%	–
CVX	New	Chevron Corp	$1,136,000	–	9,129	–	0.18%	–
RTN	New	Raytheon Co	$1,081,000	–	6,219	–	0.17%	–

Q4 2018

			Value		Shares		↓ Weighting
TSLA	Exit	Tesla Inc	$0	–	-866	–	-0.10%	–
MCO	Exit	Moodys Corp	$0	–	-1,790	–	-0.13%	–
IART	Exit	Integra Lifesciences	$0	–	-4,547	–	-0.13%	–
TRV	Exit	Travelers Companies	$0	–	-2,361	–	-0.13%	–
CVX	Exit	Chevron Corp	$0	–	-2,722	–	-0.14%	–
FB	Exit	Facebook Inc Cl A	$0	–	-2,046	–	-0.14%	–
ECL	Exit	Ecolab Inc	$0	–	-2,172	–	-0.15%	–
ADBE	Exit	Adobe Inc	$0	–	-1,290	–	-0.15%	–
BMY	Exit	Bristol-Myers Squibb	$0	–	-5,854	–	-0.16%	–
RTN	Exit	Raytheon Co	$0	–	-1,827	–	-0.16%	–
IQV	Exit	Iqvia Hldgs Inc	$0	–	-3,020	–	-0.17%	–
ROP	Exit	Roper Technologies Inc	$0	–	-1,332	–	-0.17%	–
ABBV	Exit	AbbVie Inc	$0	–	-4,272	–	-0.17%	–
HON	Exit	Honeywell Inc	$0	–	-2,487	–	-0.18%	–
SCHW	Exit	Schwab Charles CP	$0	–	-8,501	–	-0.18%	–
TECH	Exit	Bio Techne Corp	$0	–	-2,085	–	-0.18%	–
ILMN	Exit	Illumina Inc	$0	–	-1,445	–	-0.23%	–
HAL	Exit	Halliburton Co	$0	–	-18,000	–	-0.31%	–
SLB	Exit	Schlumberger Ltd	$0	–	-57,785	–	-1.52%	–
UN	Exit	Unilever NV NY	$0	–	-65,414	–	-1.56%	–
IP	Exit	International Paper Co	$0	–	-75,346	–	-1.59%	–
EMR	Exit	Emerson Elec Co	$0	–	-49,293	–	-1.62%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-33,921	–	-1.65%	–
FDX	Exit	Fedex Corp	$0	–	-16,998	–	-1.76%	–
WBA	Exit	Walgreens Boots Allian	$0	–	-56,753	–	-1.78%	–
NUE	Exit	Nucor Corp	$0	–	-65,302	–	-1.78%	–
SBUX	Exit	Starbucks Corp	$0	–	-73,586	–	-1.80%	–
IBM	Exit	International Bus Mach	$0	–	-27,825	–	-1.81%	–
USB	Exit	US Bancorp DE	$0	–	-79,996	–	-1.82%	–
INTC	Exit	Intel Corp	$0	–	-89,579	–	-1.82%	–
GD	Exit	General Dynamics Corp	$0	–	-20,860	–	-1.84%	–
GLW	Exit	Corning Inc	$0	–	-121,377	–	-1.84%	–
MS	Exit	Morgan Stanley	$0	–	-92,176	–	-1.85%	–
TPR	Exit	Tapestry Inc	$0	–	-85,515	–	-1.85%	–
PG	Exit	Procter & Gamble Co	$0	–	-51,871	–	-1.86%	–
WMT	Exit	Wal-Mart Inc	$0	–	-46,209	–	-1.87%	–
ADM	Exit	Archer Daniels Midland	$0	–	-87,375	–	-1.89%	–
VZ	Exit	Verizon Comm	$0	–	-82,455	–	-1.90%	–
PEP	Exit	Pepsico Inc	$0	–	-39,411	–	-1.90%	–
ITW	Exit	Illinois Tool Wks Inc	$0	–	-31,456	–	-1.91%	–
MCD	Exit	McDonalds Corp	$0	–	-26,552	–	-1.91%	–
BLK	Exit	BlackRock Inc	$0	–	-9,452	–	-1.92%	–
JNJ	Exit	Johnson & Johnson	$0	–	-32,365	–	-1.92%	–
AXP	Exit	American Express Co	$0	–	-42,037	–	-1.93%	–
DIS	Exit	Disney Walt Co	$0	–	-38,371	–	-1.93%	–
CAT	Exit	Caterpillar Inc	$0	–	-29,685	–	-1.95%	–
APD	Exit	Air Prods & Chems Inc	$0	–	-27,125	–	-1.95%	–
TXN	Exit	Texas Instruments Inc	$0	–	-42,274	–	-1.95%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-54,476	–	-1.99%	–
OXY	Exit	Occidental Petroleum	$0	–	-56,889	–	-2.01%	–
SYK	Exit	Stryker Corp	$0	–	-26,444	–	-2.02%	–
HD	Exit	Home Depot Inc	$0	–	-23,232	–	-2.07%	–
MMM	Exit	3M Co	$0	–	-22,952	–	-2.08%	–
PFE	Exit	Pfizer Inc	$0	–	-110,203	–	-2.09%	–
GOOGL	Exit	Alphabet Inc CL A	$0	–	-4,157	–	-2.16%	–
ZTS	Exit	Zoetis Inc	$0	–	-54,872	–	-2.16%	–
ADP	Exit	Automatic Data Process	$0	–	-33,383	–	-2.16%	–
MSFT	Exit	Microsoft Corp	$0	–	-44,617	–	-2.20%	–
AMGN	Exit	Amgen Inc	$0	–	-24,707	–	-2.20%	–
UNP	Exit	Union Pac Corp	$0	–	-31,748	–	-2.22%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-20,428	–	-2.30%	–
CSCO	Exit	Cisco Sys Inc	$0	–	-111,284	–	-2.33%	–
COST	Exit	Costco Whsl Corp	$0	–	-23,073	–	-2.33%	–
V	Exit	Visa Inc Cl A	$0	–	-37,522	–	-2.42%	–
NVDA	Exit	Nvidia Corp	$0	–	-20,310	–	-2.46%	–
AAPL	Exit	Apple Inc	$0	–	-25,541	–	-2.48%	–
AMZN	Exit	Amazon.com Inc	$0	–	-3,045	–	-2.62%	–

Q3 2018

			Value		Shares		↓ Weighting
AMZN	Sell	Amazon.com Inc	$6,099,000	+9.1%	3,045	-7.4%	2.62%	+2.9%
AAPL	Sell	Apple Inc	$5,766,000	+15.6%	25,541	-5.3%	2.48%	+9.0%
NVDA	Sell	Nvidia Corp	$5,708,000	+18.1%	20,310	-0.4%	2.46%	+11.4%
V	Sell	Visa Inc Cl A	$5,632,000	+6.5%	37,522	-6.0%	2.42%	+0.5%
COST	Sell	Costco Whsl Corp	$5,419,000	+4.1%	23,073	-7.4%	2.33%	-1.9%
CSCO	Sell	Cisco Sys Inc	$5,414,000	+10.7%	111,284	-2.1%	2.33%	+4.3%
BDX	Sell	Becton Dickinson & Co	$5,332,000	+6.8%	20,428	-1.9%	2.30%	+0.7%
UNP	Sell	Union Pac Corp	$5,170,000	+5.0%	31,748	-8.6%	2.22%	-0.9%
AMGN	Sell	Amgen Inc	$5,122,000	+10.7%	24,707	-1.5%	2.20%	+4.4%
MSFT	Sell	Microsoft Corp	$5,103,000	+1.5%	44,617	-12.5%	2.20%	-4.4%
ADP	Sell	Automatic Data Process	$5,029,000	+4.6%	33,383	-6.8%	2.16%	-1.3%
ZTS	Sell	Zoetis Inc	$5,024,000	+3.4%	54,872	-3.8%	2.16%	-2.5%
GOOGL	Sell	Alphabet Inc CL A	$5,018,000	+5.1%	4,157	-1.7%	2.16%	-0.8%
PFE	Sell	Pfizer Inc	$4,857,000	+17.7%	110,203	-3.1%	2.09%	+11.0%
MMM	Sell	3M Co	$4,836,000	+7.1%	22,952	-0.1%	2.08%	+0.9%
HD	Sell	Home Depot Inc	$4,813,000	-3.8%	23,232	-9.4%	2.07%	-9.2%
SYK	Sell	Stryker Corp	$4,699,000	+2.5%	26,444	-2.6%	2.02%	-3.3%
OXY	Sell	Occidental Petroleum	$4,675,000	-7.3%	56,889	-5.6%	2.01%	-12.6%
XOM	Buy	Exxon Mobil Corp	$4,632,000	+7.6%	54,476	+4.7%	1.99%	+1.5%
TXN	Buy	Texas Instruments Inc	$4,536,000	+65.1%	42,274	+69.6%	1.95%	+55.7%
APD	Buy	Air Prods & Chems Inc	$4,531,000	+7.9%	27,125	+0.6%	1.95%	+1.8%
CAT	Sell	Caterpillar Inc	$4,527,000	+7.5%	29,685	-4.3%	1.95%	+1.4%
DIS	Sell	Disney Walt Co	$4,487,000	+9.8%	38,371	-1.6%	1.93%	+3.5%
AXP	Sell	American Express Co	$4,477,000	+4.5%	42,037	-3.9%	1.93%	-1.5%
JNJ	Sell	Johnson & Johnson	$4,472,000	+4.9%	32,365	-7.9%	1.92%	-1.0%
BLK	Buy	BlackRock Inc	$4,455,000	-1.5%	9,452	+4.3%	1.92%	-7.1%
MCD	Buy	McDonalds Corp	$4,442,000	+8.0%	26,552	+1.1%	1.91%	+1.9%
ITW	Buy	Illinois Tool Wks Inc	$4,439,000	+17.2%	31,456	+15.1%	1.91%	+10.6%
PEP	Sell	Pepsico Inc	$4,406,000	+2.1%	39,411	-0.6%	1.90%	-3.8%
VZ	Sell	Verizon Comm	$4,402,000	+3.7%	82,455	-2.3%	1.90%	-2.2%
ADM	Sell	Archer Daniels Midland	$4,392,000	+5.6%	87,375	-3.7%	1.89%	-0.4%
WMT	Sell	Wal-Mart Inc	$4,339,000	+6.9%	46,209	-2.5%	1.87%	+0.8%
PG	Sell	Procter & Gamble Co	$4,317,000	+4.3%	51,871	-2.2%	1.86%	-1.7%
TPR	Sell	Tapestry Inc	$4,299,000	+4.5%	85,515	-2.9%	1.85%	-1.5%
MS	Buy	Morgan Stanley	$4,293,000	+6.4%	92,176	+8.3%	1.85%	+0.3%
GLW	Sell	Corning Inc	$4,285,000	+18.6%	121,377	-7.6%	1.84%	+11.8%
GD	Buy	General Dynamics Corp	$4,270,000	+11.7%	20,860	+1.7%	1.84%	+5.3%
INTC	Buy	Intel Corp	$4,236,000	+0.6%	89,579	+5.8%	1.82%	-5.1%
USB	Buy	US Bancorp DE	$4,225,000	+5.7%	79,996	+0.1%	1.82%	-0.4%
IBM	Buy	International Bus Mach	$4,207,000	+9.8%	27,825	+1.5%	1.81%	+3.6%
SBUX	Buy	Starbucks Corp	$4,183,000	+18.9%	73,586	+2.2%	1.80%	+12.1%
NUE	Buy	Nucor Corp	$4,143,000	+1.6%	65,302	+0.1%	1.78%	-4.1%
WBA	Sell	Walgreens Boots Allian	$4,137,000	+18.9%	56,753	-2.1%	1.78%	+12.2%
FDX	Sell	Fedex Corp	$4,093,000	+1.9%	16,998	-3.9%	1.76%	-3.9%
JPM	Sell	JPMorgan Chase & Co	$3,828,000	+3.2%	33,921	-4.7%	1.65%	-2.7%
EMR	Sell	Emerson Elec Co	$3,775,000	+5.6%	49,293	-4.7%	1.62%	-0.4%
IP	Buy	International Paper Co	$3,703,000	-4.3%	75,346	+1.4%	1.59%	-9.7%
UN	Sell	Unilever NV NY	$3,634,000	-0.3%	65,414	-0.0%	1.56%	-6.0%
SLB	Buy	Schlumberger Ltd	$3,520,000	-1.3%	57,785	+8.6%	1.52%	-6.9%
HAL	Buy	Halliburton Co	$730,000	+15.7%	18,000	+28.6%	0.31%	+9.0%
ILMN	Buy	Illumina Inc	$530,000	+53.6%	1,445	+17.1%	0.23%	+45.2%
TECH	New	Bio Techne Corp	$426,000	–	2,085	–	0.18%	–
SCHW	Buy	Schwab Charles CP	$418,000	+13.9%	8,501	+18.2%	0.18%	+7.1%
HON	Buy	Honeywell Inc	$414,000	+36.6%	2,487	+18.1%	0.18%	+29.0%
ABBV	Buy	AbbVie Inc	$404,000	+19.2%	4,272	+16.8%	0.17%	+12.3%
ROP	Buy	Roper Technologies Inc	$395,000	+27.4%	1,332	+18.4%	0.17%	+20.6%
IQV	Buy	Iqvia Hldgs Inc	$392,000	+47.4%	3,020	+13.5%	0.17%	+39.7%
RTN	Buy	Raytheon Co	$378,000	+26.8%	1,827	+18.3%	0.16%	+19.9%
BMY	Buy	Bristol-Myers Squibb	$363,000	+26.0%	5,854	+12.6%	0.16%	+19.1%
ADBE	New	Adobe Inc	$348,000	–	1,290	–	0.15%	–
ECL	Buy	Ecolab Inc	$341,000	+32.7%	2,172	+18.8%	0.15%	+25.6%
FB	Buy	Facebook Inc Cl A	$336,000	+0.6%	2,046	+19.2%	0.14%	-4.6%
CVX	Buy	Chevron Corp	$333,000	+14.0%	2,722	+18.0%	0.14%	+7.5%
TRV	Buy	Travelers Companies	$306,000	+25.9%	2,361	+18.8%	0.13%	+18.9%
MCO	Buy	Moodys Corp	$299,000	+17.3%	1,790	+19.8%	0.13%	+11.2%
IART	New	Integra Lifesciences	$300,000	–	4,547	–	0.13%	–
TSLA	Buy	Tesla Inc	$229,000	-7.7%	866	+19.8%	0.10%	-12.4%
UNFI	Exit	United Nat Food Inc	$0	–	-4,847	–	-0.09%	–
HP	Exit	Helmerich & Payne Inc	$0	–	-3,819	–	-0.11%	–
BKNG	Exit	Booking Holdings Inc.	$0	–	-135	–	-0.12%	–
T	Exit	AT&T Inc	$0	–	-29,025	–	-0.42%	–
KMB	Exit	Kimberly Clark Corp	$0	–	-19,671	–	-0.95%	–

Q2 2018

			Value		Shares		↓ Weighting
AMZN	New	Amazon.com Inc	$5,591,000	–	3,289	–	2.55%	–
V	New	Visa Inc Cl A	$5,288,000	–	39,924	–	2.41%	–
COST	New	Costco Whsl Corp	$5,207,000	–	24,914	–	2.38%	–
OXY	New	Occidental Petroleum	$5,043,000	–	60,265	–	2.30%	–
MSFT	New	Microsoft Corp	$5,030,000	–	51,007	–	2.30%	–
HD	New	Home Depot Inc	$5,002,000	–	25,637	–	2.28%	–
BDX	New	Becton Dickinson & Co	$4,991,000	–	20,833	–	2.28%	–
AAPL	New	Apple Inc	$4,990,000	–	26,957	–	2.28%	–
UNP	New	Union Pac Corp	$4,922,000	–	34,743	–	2.25%	–
CSCO	New	Cisco Sys Inc	$4,892,000	–	113,695	–	2.23%	–
ZTS	New	Zoetis Inc	$4,859,000	–	57,032	–	2.22%	–
NVDA	New	Nvidia Corp	$4,833,000	–	20,400	–	2.21%	–
ADP	New	Automatic Data Process	$4,806,000	–	35,828	–	2.19%	–
GOOGL	New	Alphabet Inc CL A	$4,773,000	–	4,227	–	2.18%	–
AMGN	New	Amgen Inc	$4,628,000	–	25,072	–	2.11%	–
SYK	New	Stryker Corp	$4,584,000	–	27,144	–	2.09%	–
BLK	New	BlackRock Inc	$4,523,000	–	9,063	–	2.06%	–
MMM	New	3M Co	$4,517,000	–	22,964	–	2.06%	–
PEP	New	Pepsico Inc	$4,317,000	–	39,656	–	1.97%	–
XOM	New	Exxon Mobil Corp	$4,303,000	–	52,007	–	1.96%	–
AXP	New	American Express Co	$4,285,000	–	43,722	–	1.96%	–
JNJ	New	Johnson & Johnson	$4,262,000	–	35,124	–	1.94%	–
VZ	New	Verizon Comm	$4,244,000	–	84,361	–	1.94%	–
CAT	New	Caterpillar Inc	$4,211,000	–	31,035	–	1.92%	–
INTC	New	Intel Corp	$4,209,000	–	84,679	–	1.92%	–
APD	New	Air Prods & Chems Inc	$4,198,000	–	26,960	–	1.92%	–
ADM	New	Archer Daniels Midland	$4,159,000	–	90,750	–	1.90%	–
PG	New	Procter & Gamble Co	$4,140,000	–	53,038	–	1.89%	–
PFE	New	Pfizer Inc	$4,125,000	–	113,698	–	1.88%	–
TPR	New	Tapestry Inc	$4,115,000	–	88,090	–	1.88%	–
MCD	New	McDonalds Corp	$4,113,000	–	26,252	–	1.88%	–
DIS	New	Disney Walt Co	$4,087,000	–	38,996	–	1.86%	–
NUE	New	Nucor Corp	$4,076,000	–	65,212	–	1.86%	–
WMT	New	Wal-Mart Inc	$4,060,000	–	47,404	–	1.85%	–
MS	New	Morgan Stanley	$4,036,000	–	85,151	–	1.84%	–
FDX	New	Fedex Corp	$4,016,000	–	17,688	–	1.83%	–
USB	New	US Bancorp DE	$3,999,000	–	79,941	–	1.82%	–
IP	New	International Paper Co	$3,869,000	–	74,296	–	1.77%	–
IBM	New	International Bus Mach	$3,831,000	–	27,425	–	1.75%	–
GD	New	General Dynamics Corp	$3,823,000	–	20,510	–	1.74%	–
ITW	New	Illinois Tool Wks Inc	$3,786,000	–	27,326	–	1.73%	–
JPM	New	JPMorgan Chase & Co	$3,710,000	–	35,606	–	1.69%	–
UN	New	Unilever NV NY	$3,645,000	–	65,424	–	1.66%	–
GLW	New	Corning Inc	$3,613,000	–	131,327	–	1.65%	–
EMR	New	Emerson Elec Co	$3,576,000	–	51,718	–	1.63%	–
SLB	New	Schlumberger Ltd	$3,567,000	–	53,215	–	1.63%	–
SBUX	New	Starbucks Corp	$3,519,000	–	72,031	–	1.61%	–
WBA	New	Walgreens Boots Allian	$3,479,000	–	57,973	–	1.59%	–
TXN	New	Texas Instruments Inc	$2,748,000	–	24,921	–	1.25%	–
KMB	New	Kimberly Clark Corp	$2,072,000	–	19,671	–	0.95%	–
T	New	AT&T Inc	$932,000	–	29,025	–	0.42%	–
HAL	New	Halliburton Co	$631,000	–	14,000	–	0.29%	–
SCHW	New	Schwab Charles CP	$367,000	–	7,191	–	0.17%	–
ILMN	New	Illumina Inc	$345,000	–	1,234	–	0.16%	–
ABBV	New	AbbVie Inc	$339,000	–	3,656	–	0.16%	–
FB	New	Facebook Inc Cl A	$334,000	–	1,717	–	0.15%	–
ROP	New	Roper Technologies Inc	$310,000	–	1,125	–	0.14%	–
HON	New	Honeywell Inc	$303,000	–	2,106	–	0.14%	–
RTN	New	Raytheon Co	$298,000	–	1,544	–	0.14%	–
CVX	New	Chevron Corp	$292,000	–	2,306	–	0.13%	–
BMY	New	Bristol-Myers Squibb	$288,000	–	5,201	–	0.13%	–
BKNG	New	Booking Holdings Inc.	$274,000	–	135	–	0.12%	–
IQV	New	Iqvia Hldgs Inc	$266,000	–	2,661	–	0.12%	–
ECL	New	Ecolab Inc	$257,000	–	1,829	–	0.12%	–
MCO	New	Moodys Corp	$255,000	–	1,494	–	0.12%	–
TSLA	New	Tesla Inc	$248,000	–	723	–	0.11%	–
TRV	New	Travelers Companies	$243,000	–	1,988	–	0.11%	–
HP	New	Helmerich & Payne Inc	$243,000	–	3,819	–	0.11%	–
UNFI	New	United Nat Food Inc	$207,000	–	4,847	–	0.09%	–

Q4 2017

			Value		Shares		↓ Weighting
HAL	Exit	Halliburton Co	$0	–	-14,000	–	-0.32%	–
GE	Exit	General Electric Co	$0	–	-130,995	–	-1.57%	–
IBM	Exit	International Bus Mach	$0	–	-23,076	–	-1.66%	–
EMR	Exit	Emerson Elec Co	$0	–	-54,432	–	-1.69%	–
UN	Exit	Unilever NV NY	$0	–	-59,750	–	-1.75%	–
SLB	Exit	Schlumberger Ltd	$0	–	-50,824	–	-1.75%	–
COH	Exit	Coach Inc	$0	–	-90,362	–	-1.80%	–
DIS	Exit	Disney Walt Co	$0	–	-37,665	–	-1.84%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-38,948	–	-1.84%	–
ADM	Exit	Archer Daniels Midland	$0	–	-88,832	–	-1.87%	–
NUE	Exit	Nucor Corp	$0	–	-68,052	–	-1.89%	–
WBA	Exit	Walgreens Boots Allian	$0	–	-49,606	–	-1.90%	–
TWX	Exit	Time Warner Inc	$0	–	-37,451	–	-1.90%	–
SBUX	Exit	Starbucks Corp	$0	–	-71,547	–	-1.90%	–
AMZN	Exit	Amazon.com Inc	$0	–	-4,051	–	-1.93%	–
COST	Exit	Costco Whsl Corp	$0	–	-23,841	–	-1.94%	–
GLW	Exit	Corning Inc	$0	–	-131,003	–	-1.94%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-48,071	–	-1.95%	–
KMB	Exit	Kimberly Clark Corp	$0	–	-33,775	–	-1.97%	–
GD	Exit	General Dynamics Corp	$0	–	-19,431	–	-1.98%	–
GOOGL	Exit	Alphabet Inc CL A	$0	–	-4,105	–	-1.98%	–
PEP	Exit	Pepsico Inc	$0	–	-36,125	–	-1.99%	–
INTC	Exit	Intel Corp	$0	–	-105,822	–	-1.99%	–
PG	Exit	Procter & Gamble Co	$0	–	-44,355	–	-2.00%	–
SYK	Exit	Stryker Corp	$0	–	-28,451	–	-2.00%	–
USB	Exit	US Bancorp DE	$0	–	-75,397	–	-2.00%	–
OXY	Exit	Occidental Petroleum	$0	–	-63,105	–	-2.00%	–
JNJ	Exit	Johnson & Johnson	$0	–	-31,173	–	-2.01%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-52,031	–	-2.01%	–
BLK	Exit	BlackRock Inc	$0	–	-9,103	–	-2.01%	–
PFE	Exit	Pfizer Inc	$0	–	-114,637	–	-2.02%	–
CSCO	Exit	Cisco Sys Inc	$0	–	-121,813	–	-2.03%	–
VZ	Exit	Verizon Comm	$0	–	-82,870	–	-2.03%	–
AAPL	Exit	Apple Inc	$0	–	-26,771	–	-2.04%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-21,223	–	-2.06%	–
APD	Exit	Air Prods & Chems Inc	$0	–	-27,526	–	-2.06%	–
ZTS	Exit	Zoetis Inc	$0	–	-65,387	–	-2.06%	–
ADP	Exit	Automatic Data Process	$0	–	-38,481	–	-2.08%	–
AXP	Exit	American Express Co	$0	–	-46,835	–	-2.10%	–
UNP	Exit	Union Pac Corp	$0	–	-36,670	–	-2.10%	–
IP	Exit	International Paper Co	$0	–	-75,282	–	-2.12%	–
ITW	Exit	Illinois Tool Wks Inc	$0	–	-29,096	–	-2.13%	–
MMM	Exit	3M Co	$0	–	-20,505	–	-2.13%	–
MCD	Exit	McDonalds Corp	$0	–	-27,611	–	-2.14%	–
MSFT	Exit	Microsoft Corp	$0	–	-58,962	–	-2.17%	–
HD	Exit	Home Depot Inc	$0	–	-26,958	–	-2.18%	–
AMGN	Exit	Amgen Inc	$0	–	-23,788	–	-2.20%	–
MS	Exit	Morgan Stanley	$0	–	-92,408	–	-2.20%	–
V	Exit	Visa Inc Cl A	$0	–	-42,446	–	-2.21%	–
CAT	Exit	Caterpillar Inc	$0	–	-36,766	–	-2.27%	–
FDX	Exit	Fedex Corp	$0	–	-20,635	–	-2.30%	–

Q3 2017

			Value		Shares		↓ Weighting
FDX	Sell	Fedex Corp	$4,655,000	-7.0%	20,635	-10.4%	2.30%	+2.4%
CAT	Sell	Caterpillar Inc	$4,585,000	-2.3%	36,766	-15.8%	2.27%	+7.7%
V	Sell	Visa Inc Cl A	$4,467,000	-1.5%	42,446	-12.2%	2.21%	+8.5%
MS	Sell	Morgan Stanley	$4,451,000	-5.4%	92,408	-12.5%	2.20%	+4.2%
AMGN	Sell	Amgen Inc	$4,435,000	-2.8%	23,788	-10.2%	2.20%	+7.1%
HD	Sell	Home Depot Inc	$4,409,000	-5.3%	26,958	-11.2%	2.18%	+4.4%
MSFT	Sell	Microsoft Corp	$4,392,000	-8.2%	58,962	-15.0%	2.17%	+1.2%
MCD	Sell	McDonalds Corp	$4,326,000	-9.8%	27,611	-11.8%	2.14%	-0.6%
MMM	Sell	3M Co	$4,304,000	-10.1%	20,505	-10.9%	2.13%	-0.9%
ITW	Sell	Illinois Tool Wks Inc	$4,305,000	-8.6%	29,096	-11.6%	2.13%	+0.7%
IP	Sell	International Paper Co	$4,278,000	-10.7%	75,282	-11.0%	2.12%	-1.5%
UNP	Sell	Union Pac Corp	$4,253,000	-6.4%	36,670	-12.1%	2.10%	+3.1%
AXP	Sell	American Express Co	$4,237,000	-6.4%	46,835	-12.8%	2.10%	+3.1%
ADP	Sell	Automatic Data Process	$4,207,000	-5.8%	38,481	-11.7%	2.08%	+3.8%
ZTS	Sell	Zoetis Inc	$4,169,000	-9.4%	65,387	-11.4%	2.06%	-0.2%
APD	Sell	Air Prods & Chems Inc	$4,162,000	-5.6%	27,526	-10.7%	2.06%	+4.0%
BDX	Sell	Becton Dickinson & Co	$4,159,000	-10.2%	21,223	-10.6%	2.06%	-1.1%
AAPL	Sell	Apple Inc	$4,126,000	-2.3%	26,771	-8.7%	2.04%	+7.8%
VZ	Sell	Verizon Comm	$4,101,000	-1.0%	82,870	-10.6%	2.03%	+9.1%
CSCO	Sell	Cisco Sys Inc	$4,097,000	-5.0%	121,813	-11.6%	2.03%	+4.6%
PFE	Sell	Pfizer Inc	$4,093,000	-5.4%	114,637	-11.0%	2.02%	+4.2%
BLK	Sell	BlackRock Inc	$4,070,000	-6.5%	9,103	-11.6%	2.01%	+3.1%
WMT	Sell	Wal-Mart Stores Inc	$4,066,000	-8.7%	52,031	-11.6%	2.01%	+0.7%
JNJ	Sell	Johnson & Johnson	$4,053,000	-10.6%	31,173	-9.0%	2.01%	-1.5%
OXY	Sell	Occidental Petroleum	$4,052,000	-4.5%	63,105	-11.0%	2.00%	+5.2%
SYK	Sell	Stryker Corp	$4,041,000	-9.9%	28,451	-12.0%	2.00%	-0.7%
USB	Sell	US Bancorp DE	$4,041,000	-7.1%	75,397	-10.0%	2.00%	+2.4%
PG	Sell	Procter & Gamble Co	$4,035,000	-5.9%	44,355	-9.9%	2.00%	+3.7%
INTC	Sell	Intel Corp	$4,030,000	-2.6%	105,822	-13.7%	1.99%	+7.3%
PEP	Sell	Pepsico Inc	$4,025,000	-9.2%	36,125	-5.9%	1.99%	+0.1%
GOOGL	Sell	Alphabet Inc CL A	$3,997,000	-8.0%	4,105	-12.2%	1.98%	+1.3%
GD	Sell	General Dynamics Corp	$3,995,000	-8.9%	19,431	-12.2%	1.98%	+0.4%
KMB	Buy	Kimberly Clark Corp	$3,975,000	-8.0%	33,775	+0.9%	1.97%	+1.4%
XOM	Sell	Exxon Mobil Corp	$3,941,000	-6.2%	48,071	-7.6%	1.95%	+3.4%
GLW	Sell	Corning Inc	$3,920,000	-13.4%	131,003	-13.0%	1.94%	-4.5%
COST	Sell	Costco Whsl Corp	$3,917,000	-5.0%	23,841	-7.6%	1.94%	+4.6%
AMZN	Sell	Amazon.com Inc	$3,894,000	-11.6%	4,051	-11.0%	1.93%	-2.6%
SBUX	Buy	Starbucks Corp	$3,843,000	-7.7%	71,547	+0.2%	1.90%	+1.7%
TWX	Buy	Time Warner Inc	$3,837,000	+2.7%	37,451	+0.6%	1.90%	+13.2%
WBA	Sell	Walgreens Boots Allian	$3,831,000	-5.9%	49,606	-4.6%	1.90%	+3.7%
NUE	Sell	Nucor Corp	$3,814,000	-8.7%	68,052	-5.7%	1.89%	+0.6%
ADM	Sell	Archer Daniels Midland	$3,776,000	-8.4%	88,832	-10.9%	1.87%	+0.9%
JPM	Sell	JPMorgan Chase & Co	$3,720,000	-8.6%	38,948	-12.6%	1.84%	+0.7%
DIS	Sell	Disney Walt Co	$3,713,000	-15.0%	37,665	-8.3%	1.84%	-6.3%
COH	Sell	Coach Inc	$3,640,000	-22.1%	90,362	-8.5%	1.80%	-14.2%
SLB	Sell	Schlumberger Ltd	$3,545,000	+1.2%	50,824	-4.5%	1.75%	+11.5%
UN	Sell	Unilever NV NY	$3,528,000	-8.7%	59,750	-14.6%	1.75%	+0.6%
EMR	Sell	Emerson Elec Co	$3,421,000	-7.4%	54,432	-12.1%	1.69%	+2.0%
IBM	Sell	International Bus Mach	$3,348,000	-19.0%	23,076	-14.1%	1.66%	-10.7%
GE	Sell	General Electric Co	$3,167,000	-14.5%	130,995	-4.5%	1.57%	-5.8%
HAL	Buy	Halliburton Co	$644,000	+20.6%	14,000	+12.0%	0.32%	+32.9%
RL	Exit	Ralph Lauren Corp	$0	–	-24,265	–	-0.80%	–
QCOM	Exit	Qualcomm Inc	$0	–	-41,450	–	-1.03%	–

Q2 2017

			Value		Shares		↓ Weighting
FDX	New	Fedex Corp	$5,006,000	–	23,035	–	2.25%	–
MCD	New	McDonalds Corp	$4,796,000	–	31,311	–	2.15%	–
MMM	New	3M Co	$4,789,000	–	23,005	–	2.15%	–
IP	New	International Paper Co	$4,789,000	–	84,592	–	2.15%	–
MSFT	New	Microsoft Corp	$4,783,000	–	69,387	–	2.15%	–
ITW	New	Illinois Tool Wks Inc	$4,712,000	–	32,896	–	2.12%	–
MS	New	Morgan Stanley	$4,706,000	–	105,608	–	2.11%	–
CAT	New	Caterpillar Inc	$4,692,000	–	43,666	–	2.11%	–
COH	New	Coach Inc	$4,675,000	–	98,762	–	2.10%	–
HD	New	Home Depot Inc	$4,657,000	–	30,358	–	2.09%	–
BDX	New	Becton Dickinson & Co	$4,633,000	–	23,748	–	2.08%	–
ZTS	New	Zoetis Inc	$4,603,000	–	73,787	–	2.07%	–
AMGN	New	Amgen Inc	$4,562,000	–	26,488	–	2.05%	–
UNP	New	Union Pac Corp	$4,545,000	–	41,733	–	2.04%	–
JNJ	New	Johnson & Johnson	$4,534,000	–	34,273	–	2.04%	–
V	New	Visa Inc Cl A	$4,534,000	–	48,346	–	2.04%	–
AXP	New	American Express Co	$4,527,000	–	53,735	–	2.03%	–
GLW	New	Corning Inc	$4,526,000	–	150,603	–	2.03%	–
SYK	New	Stryker Corp	$4,486,000	–	32,326	–	2.01%	–
ADP	New	Automatic Data Process	$4,465,000	–	43,581	–	2.00%	–
WMT	New	Wal-Mart Stores Inc	$4,452,000	–	58,831	–	2.00%	–
PEP	New	Pepsico Inc	$4,434,000	–	38,396	–	1.99%	–
APD	New	Air Prods & Chems Inc	$4,410,000	–	30,826	–	1.98%	–
AMZN	New	Amazon.com Inc	$4,405,000	–	4,551	–	1.98%	–
GD	New	General Dynamics Corp	$4,384,000	–	22,131	–	1.97%	–
DIS	New	Disney Walt Co	$4,366,000	–	41,091	–	1.96%	–
BLK	New	BlackRock Inc	$4,352,000	–	10,303	–	1.95%	–
USB	New	US Bancorp DE	$4,349,000	–	83,772	–	1.95%	–
GOOGL	New	Alphabet Inc CL A	$4,346,000	–	4,675	–	1.95%	–
PFE	New	Pfizer Inc	$4,326,000	–	128,787	–	1.94%	–
KMB	New	Kimberly Clark Corp	$4,321,000	–	33,470	–	1.94%	–
CSCO	New	Cisco Sys Inc	$4,313,000	–	137,788	–	1.94%	–
PG	New	Procter & Gamble Co	$4,288,000	–	49,204	–	1.92%	–
OXY	New	Occidental Petroleum	$4,245,000	–	70,905	–	1.91%	–
AAPL	New	Apple Inc	$4,221,000	–	29,306	–	1.90%	–
XOM	New	Exxon Mobil Corp	$4,200,000	–	52,021	–	1.89%	–
NUE	New	Nucor Corp	$4,177,000	–	72,177	–	1.88%	–
SBUX	New	Starbucks Corp	$4,165,000	–	71,422	–	1.87%	–
VZ	New	Verizon Comm	$4,141,000	–	92,720	–	1.86%	–
INTC	New	Intel Corp	$4,137,000	–	122,622	–	1.86%	–
IBM	New	International Bus Mach	$4,134,000	–	26,876	–	1.86%	–
ADM	New	Archer Daniels Midland	$4,124,000	–	99,662	–	1.85%	–
COST	New	Costco Whsl Corp	$4,125,000	–	25,791	–	1.85%	–
WBA	New	Walgreens Boots Allian	$4,073,000	–	52,016	–	1.83%	–
JPM	New	JPMorgan Chase & Co	$4,072,000	–	44,548	–	1.83%	–
UN	New	Unilever NV NY	$3,866,000	–	69,950	–	1.74%	–
TWX	New	Time Warner Inc	$3,737,000	–	37,216	–	1.68%	–
GE	New	General Electric Co	$3,704,000	–	137,120	–	1.66%	–
EMR	New	Emerson Elec Co	$3,694,000	–	61,957	–	1.66%	–
SLB	New	Schlumberger Ltd	$3,502,000	–	53,194	–	1.57%	–
QCOM	New	Qualcomm Inc	$2,289,000	–	41,450	–	1.03%	–
RL	New	Ralph Lauren Corp	$1,791,000	–	24,265	–	0.80%	–
HAL	New	Halliburton Co	$534,000	–	12,500	–	0.24%	–

Q4 2016

			Value		Shares		↓ Weighting
HAL	Exit	Halliburton Co	$0	–	-12,000	–	-0.23%	–
SLB	Exit	Schlumberger Ltd	$0	–	-48,200	–	-1.59%	–
UN	Exit	Unilever NV NY	$0	–	-83,925	–	-1.63%	–
GE	Exit	General Electric Co	$0	–	-131,175	–	-1.63%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-58,950	–	-1.65%	–
EMR	Exit	Emerson Elec Co	$0	–	-72,860	–	-1.67%	–
WBA	Exit	Walgreens Boots Allian	$0	–	-49,450	–	-1.68%	–
AXP	Exit	American Express Co	$0	–	-63,895	–	-1.72%	–
COH	Exit	Coach Inc	$0	–	-112,000	–	-1.72%	–
SBUX	Exit	Starbucks Corp	$0	–	-76,250	–	-1.74%	–
BLK	Exit	BlackRock Inc	$0	–	-11,540	–	-1.76%	–
RL	Exit	Ralph Lauren Corp	$0	–	-42,540	–	-1.81%	–
COST	Exit	Costco Whsl Corp	$0	–	-28,385	–	-1.82%	–
ADP	Exit	Automatic Data Process	$0	–	-49,215	–	-1.82%	–
DIS	Exit	Disney Walt Co	$0	–	-46,990	–	-1.83%	–
V	Exit	Visa Inc Cl A	$0	–	-52,850	–	-1.84%	–
OXY	Exit	Occidental Petroleum	$0	–	-60,100	–	-1.84%	–
AMZN	Exit	Amazon Com Inc	$0	–	-5,295	–	-1.86%	–
AMGN	Exit	Amgen Inc	$0	–	-26,640	–	-1.87%	–
NUE	Exit	Nucor Corp	$0	–	-90,350	–	-1.88%	–
APD	Exit	Air Prods & Chems Inc	$0	–	-29,980	–	-1.89%	–
ADM	Exit	Archer Daniels Midland	$0	–	-107,500	–	-1.90%	–
IBM	Exit	International Bus Mach	$0	–	-28,575	–	-1.91%	–
UNP	Exit	Union Pac Corp	$0	–	-46,870	–	-1.92%	–
GOOGL	Exit	Alphabet Inc	$0	–	-5,740	–	-1.94%	–
KMB	Exit	Kimberly Clark Corp	$0	–	-36,680	–	-1.94%	–
MCD	Exit	McDonalds Corp	$0	–	-40,115	–	-1.94%	–
PFE	Exit	Pfizer Inc	$0	–	-136,700	–	-1.95%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-64,490	–	-1.96%	–
ZTS	Exit	Zoetis Inc	$0	–	-89,465	–	-1.96%	–
SYK	Exit	Stryker Corp	$0	–	-40,210	–	-1.97%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-53,910	–	-1.98%	–
USB	Exit	US Bancorp DE	$0	–	-109,840	–	-1.98%	–
TWX	Exit	Time Warner Inc	$0	–	-59,255	–	-1.98%	–
GD	Exit	General Dynamics Corp	$0	–	-30,520	–	-1.99%	–
PEP	Exit	Pepsico Inc	$0	–	-43,670	–	-2.00%	–
HD	Exit	Home Depot Inc	$0	–	-36,930	–	-2.00%	–
FDX	Exit	Fedex Corp	$0	–	-27,245	–	-2.00%	–
IP	Exit	International Paper Co	$0	–	-99,320	–	-2.00%	–
CSCO	Exit	Cisco Sys Inc	$0	–	-151,445	–	-2.02%	–
JNJ	Exit	Johnson & Johnson	$0	–	-40,750	–	-2.02%	–
MS	Exit	Morgan Stanley	$0	–	-150,300	–	-2.02%	–
GLW	Exit	Corning Inc	$0	–	-204,495	–	-2.03%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-26,925	–	-2.03%	–
AAPL	Exit	Apple Inc	$0	–	-42,820	–	-2.03%	–
MSFT	Exit	Microsoft Corp	$0	–	-84,300	–	-2.04%	–
MMM	Exit	3M Co	$0	–	-27,615	–	-2.04%	–
PG	Exit	Procter & Gamble Co	$0	–	-56,040	–	-2.11%	–
VZ	Exit	Verizon Comm	$0	–	-97,300	–	-2.13%	–
INTC	Exit	Intel Corp	$0	–	-135,250	–	-2.15%	–
QCOM	Exit	Qualcomm Inc	$0	–	-74,650	–	-2.15%	–
CAT	Exit	Caterpillar Inc	$0	–	-58,200	–	-2.17%	–
ITW	Exit	Illinois Tool Wks Inc	$0	–	-44,920	–	-2.26%	–

Q3 2016

			Value		Shares		↓ Weighting
ITW	Sell	Illinois Tool Wks Inc	$5,383,000	+12.2%	44,920	-2.5%	2.26%	+11.4%
CAT	Sell	Caterpillar Inc	$5,166,000	+12.8%	58,200	-3.6%	2.17%	+12.1%
QCOM	Sell	Qualcomm Inc	$5,114,000	+23.2%	74,650	-3.6%	2.15%	+22.5%
INTC	Sell	Intel Corp	$5,106,000	+10.7%	135,250	-3.8%	2.15%	+10.0%
VZ	Sell	Verizon Comm	$5,058,000	-8.3%	97,300	-1.5%	2.13%	-8.9%
PG	Sell	Procter & Gamble Co	$5,030,000	+3.0%	56,040	-2.8%	2.11%	+2.4%
MMM	Sell	3M Co	$4,867,000	-2.5%	27,615	-3.2%	2.04%	-3.2%
MSFT	Sell	Microsoft Corp	$4,856,000	+8.6%	84,300	-3.5%	2.04%	+7.9%
BDX	Sell	Becton Dickinson & Co	$4,839,000	-0.9%	26,925	-6.5%	2.03%	-1.5%
AAPL	Sell	Apple Inc	$4,841,000	+13.9%	42,820	-3.7%	2.03%	+13.1%
GLW	Sell	Corning Inc	$4,836,000	+10.1%	204,495	-4.7%	2.03%	+9.4%
MS	Sell	Morgan Stanley	$4,819,000	+7.0%	150,300	-13.3%	2.02%	+6.4%
JNJ	Sell	Johnson & Johnson	$4,814,000	-6.2%	40,750	-3.7%	2.02%	-6.8%
CSCO	Sell	Cisco Sys Inc	$4,804,000	+8.4%	151,445	-1.9%	2.02%	+7.7%
IP	Sell	International Paper Co	$4,765,000	+5.6%	99,320	-6.8%	2.00%	+4.9%
FDX	Sell	Fedex Corp	$4,759,000	+8.7%	27,245	-5.5%	2.00%	+8.0%
HD	Sell	Home Depot Inc	$4,752,000	-4.0%	36,930	-4.7%	2.00%	-4.6%
PEP	Sell	Pepsico Inc	$4,750,000	-5.9%	43,670	-8.4%	2.00%	-6.6%
GD	Sell	General Dynamics Corp	$4,735,000	+3.5%	30,520	-7.1%	1.99%	+2.8%
TWX	Sell	Time Warner Inc	$4,717,000	+3.6%	59,255	-4.3%	1.98%	+3.0%
USB	Sell	US Bancorp DE	$4,711,000	+3.4%	109,840	-2.7%	1.98%	+2.8%
XOM	Buy	Exxon Mobil Corp	$4,705,000	-4.7%	53,910	+2.4%	1.98%	-5.3%
SYK	Sell	Stryker Corp	$4,681,000	-8.4%	40,210	-5.7%	1.97%	-9.0%
ZTS	Sell	Zoetis Inc	$4,653,000	+4.9%	89,465	-4.3%	1.96%	+4.2%
WMT	Sell	Wal-Mart Stores Inc	$4,651,000	-4.8%	64,490	-3.6%	1.96%	-5.4%
PFE	Sell	Pfizer Inc	$4,630,000	-9.3%	136,700	-5.7%	1.95%	-9.9%
MCD	Sell	McDonalds Corp	$4,628,000	-5.8%	40,115	-1.7%	1.94%	-6.4%
KMB	Sell	Kimberly Clark Corp	$4,627,000	-14.1%	36,680	-6.3%	1.94%	-14.6%
GOOGL	Sell	Alphabet Inc	$4,615,000	+2.6%	5,740	-10.2%	1.94%	+1.9%
UNP	Sell	Union Pac Corp	$4,571,000	+6.5%	46,870	-4.8%	1.92%	+5.8%
IBM	Sell	International Bus Mach	$4,539,000	+0.3%	28,575	-4.1%	1.91%	-0.4%
ADM	Sell	Archer Daniels Midland	$4,533,000	-3.7%	107,500	-2.0%	1.90%	-4.3%
APD	Sell	Air Prods & Chems Inc	$4,507,000	+2.8%	29,980	-2.9%	1.89%	+2.1%
NUE	Sell	Nucor Corp	$4,468,000	-3.1%	90,350	-3.2%	1.88%	-3.7%
AMGN	Sell	Amgen Inc	$4,444,000	+3.7%	26,640	-5.4%	1.87%	+3.0%
AMZN	Sell	Amazon Com Inc	$4,434,000	+15.7%	5,295	-1.1%	1.86%	+14.9%
OXY	Sell	Occidental Petroleum	$4,382,000	-8.1%	60,100	-4.7%	1.84%	-8.7%
V	Sell	Visa Inc Cl A	$4,371,000	+6.0%	52,850	-4.9%	1.84%	+5.3%
DIS	Buy	Disney Walt Co	$4,363,000	+6.0%	46,990	+11.6%	1.83%	+5.3%
ADP	Sell	Automatic Data Process	$4,341,000	-8.4%	49,215	-4.6%	1.82%	-9.0%
COST	Buy	Costco Whsl Corp	$4,329,000	-2.1%	28,385	+0.9%	1.82%	-2.7%
RL	Sell	Ralph Lauren Corp	$4,302,000	+10.2%	42,540	-2.4%	1.81%	+9.5%
BLK	Sell	BlackRock Inc	$4,183,000	-0.4%	11,540	-5.9%	1.76%	-1.1%
SBUX	Sell	Starbucks Corp	$4,128,000	-5.7%	76,250	-0.5%	1.74%	-6.3%
COH	Sell	Coach Inc	$4,095,000	-14.8%	112,000	-5.1%	1.72%	-15.4%
AXP	Buy	American Express Co	$4,092,000	+9.8%	63,895	+4.2%	1.72%	+9.1%
WBA	Sell	Walgreens Boots Allian	$3,987,000	-7.9%	49,450	-4.9%	1.68%	-8.6%
EMR	Sell	Emerson Elec Co	$3,972,000	-0.5%	72,860	-4.8%	1.67%	-1.1%
JPM	Sell	JPMorgan Chase & Co	$3,925,000	+4.6%	58,950	-2.4%	1.65%	+3.8%
GE	Sell	General Electric Co	$3,885,000	-10.5%	131,175	-4.9%	1.63%	-11.1%
UN	Sell	Unilever NV NY	$3,869,000	-8.6%	83,925	-6.9%	1.63%	-9.2%
SLB	Sell	Schlumberger Ltd	$3,790,000	-4.3%	48,200	-3.8%	1.59%	-5.0%

Q2 2016

			Value		Shares		↓ Weighting
VZ	New	Verizon Comm	$5,517,000	–	98,800	–	2.33%	–
KMB	New	Kimberly Clark Corp	$5,384,000	–	39,165	–	2.28%	–
JNJ	New	Johnson & Johnson	$5,131,000	–	42,300	–	2.17%	–
SYK	New	Stryker Corp	$5,112,000	–	42,660	–	2.16%	–
PFE	New	Pfizer Inc	$5,105,000	–	145,000	–	2.16%	–
PEP	New	Pepsico Inc	$5,050,000	–	47,670	–	2.14%	–
MMM	New	3M Co	$4,994,000	–	28,515	–	2.11%	–
HD	New	Home Depot Inc	$4,949,000	–	38,755	–	2.09%	–
XOM	New	Exxon Mobil Corp	$4,936,000	–	52,660	–	2.09%	–
MCD	New	McDonalds Corp	$4,912,000	–	40,815	–	2.08%	–
WMT	New	Wal-Mart Stores Inc	$4,884,000	–	66,890	–	2.07%	–
BDX	New	Becton Dickinson & Co	$4,882,000	–	28,790	–	2.06%	–
PG	New	Procter & Gamble Co	$4,882,000	–	57,665	–	2.06%	–
COH	New	Coach Inc	$4,809,000	–	118,050	–	2.03%	–
ITW	New	Illinois Tool Wks Inc	$4,799,000	–	46,070	–	2.03%	–
OXY	New	Occidental Petroleum	$4,766,000	–	63,080	–	2.02%	–
ADP	New	Automatic Data Process	$4,737,000	–	51,565	–	2.00%	–
ADM	New	Archer Daniels Midland	$4,705,000	–	109,700	–	1.99%	–
INTC	New	Intel Corp	$4,613,000	–	140,650	–	1.95%	–
NUE	New	Nucor Corp	$4,612,000	–	93,350	–	1.95%	–
GD	New	General Dynamics Corp	$4,577,000	–	32,870	–	1.94%	–
CAT	New	Caterpillar Inc	$4,578,000	–	60,390	–	1.94%	–
USB	New	US Bancorp DE	$4,555,000	–	112,940	–	1.93%	–
TWX	New	Time Warner Inc	$4,552,000	–	61,905	–	1.92%	–
IBM	New	International Bus Mach	$4,525,000	–	29,810	–	1.91%	–
IP	New	International Paper Co	$4,514,000	–	106,520	–	1.91%	–
MS	New	Morgan Stanley	$4,502,000	–	173,300	–	1.90%	–
GOOGL	New	Alphabet Inc	$4,496,000	–	6,390	–	1.90%	–
MSFT	New	Microsoft Corp	$4,470,000	–	87,350	–	1.89%	–
ZTS	New	Zoetis Inc	$4,436,000	–	93,465	–	1.88%	–
CSCO	New	Cisco Sys Inc	$4,431,000	–	154,445	–	1.87%	–
COST	New	Costco Whsl Corp	$4,420,000	–	28,145	–	1.87%	–
GLW	New	Corning Inc	$4,393,000	–	214,495	–	1.86%	–
APD	New	Air Prods & Chems Inc	$4,386,000	–	30,880	–	1.86%	–
SBUX	New	Starbucks Corp	$4,378,000	–	76,650	–	1.85%	–
FDX	New	Fedex Corp	$4,378,000	–	28,845	–	1.85%	–
GE	New	General Electric Co	$4,343,000	–	137,960	–	1.84%	–
WBA	New	Walgreens Boots Allian	$4,330,000	–	52,000	–	1.83%	–
UNP	New	Union Pac Corp	$4,294,000	–	49,210	–	1.82%	–
AMGN	New	Amgen Inc	$4,285,000	–	28,165	–	1.81%	–
AAPL	New	Apple Inc	$4,251,000	–	44,470	–	1.80%	–
UN	New	Unilever NV NY	$4,233,000	–	90,175	–	1.79%	–
BLK	New	BlackRock Inc	$4,201,000	–	12,265	–	1.78%	–
QCOM	New	Qualcomm Inc	$4,150,000	–	77,475	–	1.76%	–
V	New	Visa Inc Cl A	$4,124,000	–	55,600	–	1.74%	–
DIS	New	Disney Walt Co	$4,117,000	–	42,090	–	1.74%	–
EMR	New	Emerson Elec Co	$3,991,000	–	76,510	–	1.69%	–
SLB	New	Schlumberger Ltd	$3,962,000	–	50,100	–	1.68%	–
RL	New	Ralph Lauren Corp	$3,904,000	–	43,565	–	1.65%	–
AMZN	New	Amazon Com Inc	$3,832,000	–	5,355	–	1.62%	–
JPM	New	JPMorgan Chase & Co	$3,753,000	–	60,390	–	1.59%	–
AXP	New	American Express Co	$3,726,000	–	61,325	–	1.58%	–
HAL	New	Halliburton Co	$543,000	–	12,000	–	0.23%	–

Q4 2015

			Value		Shares		↓ Weighting
HAL	Exit	Halliburton Co	$0	–	-11,000	–	-0.17%	–
CB	Exit	Chubb Corp	$0	–	-23,025	–	-1.23%	–
SLB	Exit	Schlumberger Ltd	$0	–	-51,950	–	-1.56%	–
EMR	Exit	Emerson Elec Co	$0	–	-83,060	–	-1.60%	–
COH	Exit	Coach Inc	$0	–	-131,400	–	-1.66%	–
IP	Exit	International Paper Co	$0	–	-101,760	–	-1.68%	–
BLK	Exit	BlackRock Inc	$0	–	-13,160	–	-1.70%	–
CAT	Exit	Caterpillar Inc	$0	–	-59,970	–	-1.71%	–
QCOM	Exit	Qualcomm Inc	$0	–	-74,350	–	-1.74%	–
NUE	Exit	Nucor Corp	$0	–	-106,950	–	-1.75%	–
GLW	Exit	Corning Inc	$0	–	-239,145	–	-1.78%	–
TWX	Exit	Time Warner Inc	$0	–	-60,130	–	-1.80%	–
ADM	Exit	Archer Daniels Midland	$0	–	-100,625	–	-1.82%	–
UN	Exit	Unilever NV NY	$0	–	-103,980	–	-1.82%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-56,900	–	-1.84%	–
FDX	Exit	Fedex Corp	$0	–	-29,470	–	-1.85%	–
IBM	Exit	International Bus Mach	$0	–	-29,315	–	-1.85%	–
ZTS	Exit	Zoetis Inc	$0	–	-103,640	–	-1.86%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-66,820	–	-1.89%	–
MS	Exit	Morgan Stanley	$0	–	-137,700	–	-1.89%	–
UNP	Exit	Union Pac Corp	$0	–	-49,210	–	-1.90%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-71,640	–	-1.90%	–
AMGN	Exit	Amgen Inc	$0	–	-32,265	–	-1.94%	–
OXY	Exit	Occidental Petroleum	$0	–	-67,580	–	-1.95%	–
GOOGL	Exit	Google Inc CL A	$0	–	-7,040	–	-1.96%	–
RL	Exit	Ralph Lauren Corp	$0	–	-38,150	–	-1.96%	–
GE	Exit	General Electric Co	$0	–	-180,350	–	-1.98%	–
APD	Exit	Air Prods & Chems Inc	$0	–	-35,965	–	-2.00%	–
INTC	Exit	Intel Corp	$0	–	-152,700	–	-2.00%	–
CSCO	Exit	Cisco Sys Inc	$0	–	-176,975	–	-2.02%	–
ITW	Exit	Illinois Tool Wks Inc	$0	–	-56,595	–	-2.03%	–
SYK	Exit	Stryker Corp	$0	–	-49,795	–	-2.04%	–
AXP	Exit	American Express Co	$0	–	-63,525	–	-2.05%	–
JNJ	Exit	Johnson & Johnson	$0	–	-50,505	–	-2.05%	–
ADP	Exit	Automatic Data Process	$0	–	-58,720	–	-2.06%	–
PG	Exit	Procter & Gamble Co	$0	–	-65,725	–	-2.06%	–
VZ	Exit	Verizon Comm	$0	–	-109,900	–	-2.08%	–
COST	Exit	Costco Whsl Corp	$0	–	-33,180	–	-2.09%	–
PFE	Exit	Pfizer Inc	$0	–	-153,900	–	-2.10%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-36,560	–	-2.11%	–
WBA	Exit	Walgreens Boots Allian	$0	–	-58,675	–	-2.12%	–
SBUX	Exit	Starbucks Corp	$0	–	-86,950	–	-2.15%	–
MMM	Exit	3M Co	$0	–	-35,005	–	-2.16%	–
HD	Exit	Home Depot Inc	$0	–	-43,395	–	-2.18%	–
USB	Exit	US Bancorp DE	$0	–	-122,270	–	-2.18%	–
MCD	Exit	McDonalds Corp	$0	–	-51,175	–	-2.20%	–
AAPL	Exit	Apple Inc	$0	–	-45,880	–	-2.20%	–
MSFT	Exit	Microsoft Corp	$0	–	-115,130	–	-2.22%	–
DIS	Exit	Disney Walt Co	$0	–	-50,150	–	-2.23%	–
PEP	Exit	Pepsico Inc	$0	–	-55,020	–	-2.26%	–
GD	Exit	General Dynamics Corp	$0	–	-37,980	–	-2.28%	–
KMB	Exit	Kimberly Clark Corp	$0	–	-48,820	–	-2.32%	–

Q3 2015

			Value		Shares		↓ Weighting
GD	Sell	General Dynamics Corp	$5,239,000	-3.2%	37,980	-0.6%	2.28%	+2.4%
DIS	Sell	Disney Walt Co	$5,125,000	-12.2%	50,150	-1.9%	2.23%	-7.1%
HD	Sell	Home Depot Inc	$5,012,000	-13.3%	43,395	-16.6%	2.18%	-8.2%
MMM	Buy	3M Co	$4,963,000	-4.0%	35,005	+4.5%	2.16%	+1.6%
SBUX	New	Starbucks Corp	$4,942,000	–	86,950	–	2.15%	–
WBA	Sell	Walgreens Boots Allian	$4,876,000	-5.4%	58,675	-3.9%	2.12%	+0.1%
BDX	Sell	Becton Dickinson & Co	$4,850,000	-7.7%	36,560	-1.5%	2.11%	-2.4%
PFE	Sell	Pfizer Inc	$4,834,000	-6.4%	153,900	-0.1%	2.10%	-1.0%
COST	Sell	Costco Whsl Corp	$4,797,000	+6.8%	33,180	-0.3%	2.09%	+13.0%
SYK	Sell	Stryker Corp	$4,686,000	-10.0%	49,795	-8.6%	2.04%	-4.7%
CSCO	Buy	Cisco Sys Inc	$4,646,000	-0.9%	176,975	+3.6%	2.02%	+4.9%
INTC	Buy	Intel Corp	$4,602,000	+2.6%	152,700	+3.5%	2.00%	+8.6%
APD	Buy	Air Prods & Chems Inc	$4,588,000	-4.1%	35,965	+2.9%	2.00%	+1.5%
GOOGL	Buy	Google Inc CL A	$4,494,000	+34.3%	7,040	+13.6%	1.96%	+42.1%
OXY	Buy	Occidental Petroleum	$4,470,000	-14.0%	67,580	+1.1%	1.95%	-9.0%
AMGN	Sell	Amgen Inc	$4,463,000	-10.2%	32,265	-0.3%	1.94%	-4.9%
JPM	Sell	JPMorgan Chase & Co	$4,368,000	-12.6%	71,640	-2.9%	1.90%	-7.5%
UNP	Buy	Union Pac Corp	$4,351,000	-7.2%	49,210	+0.0%	1.90%	-1.9%
MS	Sell	Morgan Stanley	$4,338,000	-19.9%	137,700	-1.4%	1.89%	-15.3%
WMT	Buy	Wal-Mart Stores Inc	$4,333,000	-7.2%	66,820	+1.5%	1.89%	-1.8%
ZTS	Sell	Zoetis Inc	$4,268,000	-16.2%	103,640	-1.8%	1.86%	-11.3%
IBM	Buy	International Bus Mach	$4,250,000	-7.1%	29,315	+4.3%	1.85%	-1.6%
TWX	Buy	Time Warner Inc	$4,134,000	-18.0%	60,130	+4.2%	1.80%	-13.2%
GLW	Buy	Corning Inc	$4,094,000	-8.7%	239,145	+5.3%	1.78%	-3.3%
NUE	Buy	Nucor Corp	$4,016,000	-13.1%	106,950	+2.0%	1.75%	-8.0%
QCOM	Buy	Qualcomm Inc	$3,995,000	-11.1%	74,350	+3.6%	1.74%	-5.9%
BLK	New	BlackRock Inc	$3,915,000	–	13,160	–	1.70%	–
IP	Buy	International Paper Co	$3,846,000	-16.6%	101,760	+5.0%	1.68%	-11.7%
COH	Buy	Coach Inc	$3,801,000	-12.0%	131,400	+5.2%	1.66%	-6.9%
EMR	Buy	Emerson Elec Co	$3,669,000	-8.4%	83,060	+14.9%	1.60%	-3.0%
SLB	Buy	Schlumberger Ltd	$3,583,000	-17.5%	51,950	+3.1%	1.56%	-12.7%
CB	Sell	Chubb Corp	$2,824,000	-42.4%	23,025	-55.4%	1.23%	-39.1%
GOOG	Exit	Google Inc CL C (NV)	$0	–	-3,971	–	-0.85%	–

Q2 2015

			Value		Shares		↓ Weighting
DIS	New	Disney Walt Co	$5,836,000	–	51,130	–	2.40%	–
HD	New	Home Depot Inc	$5,782,000	–	52,025	–	2.38%	–
AAPL	New	Apple Inc	$5,754,000	–	45,880	–	2.37%	–
MS	New	Morgan Stanley	$5,419,000	–	139,700	–	2.23%	–
GD	New	General Dynamics Corp	$5,414,000	–	38,210	–	2.23%	–
USB	New	US Bancorp DE	$5,307,000	–	122,270	–	2.18%	–
BDX	New	Becton Dickinson & Co	$5,257,000	–	37,110	–	2.16%	–
SYK	New	Stryker Corp	$5,205,000	–	54,465	–	2.14%	–
OXY	New	Occidental Petroleum	$5,200,000	–	66,870	–	2.14%	–
ITW	New	Illinois Tool Wks Inc	$5,195,000	–	56,595	–	2.14%	–
KMB	New	Kimberly Clark Corp	$5,173,000	–	48,820	–	2.13%	–
MMM	New	3M Co	$5,170,000	–	33,505	–	2.13%	–
PFE	New	Pfizer Inc	$5,165,000	–	154,040	–	2.13%	–
WBA	New	Walgreens Boots Allian	$5,155,000	–	61,050	–	2.12%	–
PG	New	Procter & Gamble Co	$5,142,000	–	65,725	–	2.12%	–
PEP	New	Pepsico Inc	$5,136,000	–	55,020	–	2.11%	–
VZ	New	Verizon Comm	$5,122,000	–	109,900	–	2.11%	–
ZTS	New	Zoetis Inc	$5,091,000	–	105,580	–	2.10%	–
CAT	New	Caterpillar Inc	$5,087,000	–	59,970	–	2.09%	–
MSFT	New	Microsoft Corp	$5,083,000	–	115,130	–	2.09%	–
RL	New	Ralph Lauren Corp	$5,050,000	–	38,150	–	2.08%	–
TWX	New	Time Warner Inc	$5,042,000	–	57,680	–	2.08%	–
FDX	New	Fedex Corp	$5,022,000	–	29,470	–	2.07%	–
JPM	New	JPMorgan Chase & Co	$4,997,000	–	73,750	–	2.06%	–
AMGN	New	Amgen Inc	$4,969,000	–	32,365	–	2.04%	–
AXP	New	American Express Co	$4,937,000	–	63,525	–	2.03%	–
JNJ	New	Johnson & Johnson	$4,922,000	–	50,505	–	2.03%	–
CB	New	Chubb Corp	$4,907,000	–	51,575	–	2.02%	–
MCD	New	McDonalds Corp	$4,865,000	–	51,175	–	2.00%	–
ADM	New	Archer Daniels Midland	$4,852,000	–	100,625	–	2.00%	–
GE	New	General Electric Co	$4,792,000	–	180,350	–	1.97%	–
APD	New	Air Prods & Chems Inc	$4,784,000	–	34,965	–	1.97%	–
XOM	New	Exxon Mobil Corp	$4,734,000	–	56,900	–	1.95%	–
ADP	New	Automatic Data Process	$4,711,000	–	58,720	–	1.94%	–
UNP	New	Union Pac Corp	$4,691,000	–	49,190	–	1.93%	–
CSCO	New	Cisco Sys Inc	$4,689,000	–	170,775	–	1.93%	–
WMT	New	Wal-Mart Stores Inc	$4,669,000	–	65,820	–	1.92%	–
NUE	New	Nucor Corp	$4,621,000	–	104,850	–	1.90%	–
IP	New	International Paper Co	$4,612,000	–	96,910	–	1.90%	–
IBM	New	International Bus Mach	$4,573,000	–	28,115	–	1.88%	–
QCOM	New	Qualcomm Inc	$4,493,000	–	71,740	–	1.85%	–
COST	New	Costco Whsl Corp	$4,493,000	–	33,270	–	1.85%	–
INTC	New	Intel Corp	$4,486,000	–	147,500	–	1.85%	–
GLW	New	Corning Inc	$4,482,000	–	227,145	–	1.84%	–
UN	New	Unilever NV NY	$4,351,000	–	103,980	–	1.79%	–
SLB	New	Schlumberger Ltd	$4,344,000	–	50,400	–	1.79%	–
COH	New	Coach Inc	$4,321,000	–	124,850	–	1.78%	–
EMR	New	Emerson Elec Co	$4,005,000	–	72,260	–	1.65%	–
GOOGL	New	Google Inc CL A	$3,346,000	–	6,195	–	1.38%	–
GOOG	New	Google Inc CL C (NV)	$2,067,000	–	3,971	–	0.85%	–
HAL	New	Halliburton Co	$474,000	–	11,000	–	0.20%	–

Q4 2014

			Value		Shares		↓ Weighting
AA	Exit	Alcoa Inc	$0	–	-20,000	–	-0.14%	–
HAL	Exit	Halliburton Co	$0	–	-7,800	–	-0.21%	–
GOOGL	Exit	Google Inc CL A	$0	–	-4,315	–	-1.06%	–
GOOG	Exit	Google Inc CL C (NV)	$0	–	-5,285	–	-1.28%	–
COH	Exit	Coach Inc	$0	–	-111,475	–	-1.66%	–
EMR	Exit	Emerson Elec Co	$0	–	-65,170	–	-1.71%	–
SLB	Exit	Schlumberger Ltd	$0	–	-40,392	–	-1.72%	–
GE	Exit	General Electric Co	$0	–	-167,875	–	-1.80%	–
UN	Exit	Unilever NV NY	$0	–	-108,830	–	-1.81%	–
GLW	Exit	Corning Inc	$0	–	-223,635	–	-1.81%	–
WAG	Exit	Walgreen Co	$0	–	-74,195	–	-1.84%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-48,013	–	-1.89%	–
SYK	Exit	Stryker Corp	$0	–	-56,118	–	-1.90%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-40,217	–	-1.92%	–
AXP	Exit	American Express Co	$0	–	-52,585	–	-1.93%	–
RL	Exit	Ralph Lauren Corp	$0	–	-27,960	–	-1.93%	–
TWX	Exit	Time Warner Inc	$0	–	-62,310	–	-1.96%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-77,795	–	-1.96%	–
MMM	Exit	3M Co	$0	–	-33,112	–	-1.96%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-61,502	–	-1.97%	–
MCD	Exit	McDonalds Corp	$0	–	-49,985	–	-1.98%	–
COST	Exit	Costco Whsl Corp	$0	–	-38,041	–	-2.00%	–
IP	Exit	International Paper Co	$0	–	-100,150	–	-2.00%	–
QCOM	Exit	Qualcomm Inc	$0	–	-64,025	–	-2.00%	–
PEP	Exit	Pepsico Inc	$0	–	-51,457	–	-2.01%	–
CAT	Exit	Caterpillar Inc	$0	–	-48,610	–	-2.02%	–
OXY	Exit	Occidental Petroleum	$0	–	-50,155	–	-2.02%	–
IBM	Exit	International Bus Mach	$0	–	-25,405	–	-2.02%	–
CSCO	Exit	Cisco Sys Inc	$0	–	-194,525	–	-2.05%	–
ITW	Exit	Illinois Tool Wks Inc	$0	–	-58,271	–	-2.06%	–
CB	Exit	Chubb Corp	$0	–	-54,050	–	-2.06%	–
KMB	Exit	Kimberly Clark Corp	$0	–	-45,996	–	-2.07%	–
MS	Exit	Morgan Stanley	$0	–	-143,430	–	-2.08%	–
USB	Exit	US Bancorp DE	$0	–	-119,378	–	-2.09%	–
DIS	Exit	Disney Walt Co	$0	–	-56,165	–	-2.09%	–
AMGN	Exit	Amgen Inc	$0	–	-35,850	–	-2.11%	–
PFE	Exit	Pfizer Inc	$0	–	-170,720	–	-2.11%	–
MSFT	Exit	Microsoft Corp	$0	–	-109,730	–	-2.13%	–
ADP	Exit	Automatic Data Process	$0	–	-61,270	–	-2.13%	–
ZTS	Exit	Zoetis Inc	$0	–	-138,550	–	-2.14%	–
APD	Exit	Air Prods & Chems Inc	$0	–	-39,495	–	-2.15%	–
VZ	Exit	Verizon Comm	$0	–	-102,850	–	-2.15%	–
UNP	Exit	Union Pac Corp	$0	–	-47,450	–	-2.16%	–
JNJ	Exit	Johnson & Johnson	$0	–	-48,330	–	-2.16%	–
FDX	Exit	Fedex Corp	$0	–	-32,190	–	-2.18%	–
NUE	Exit	Nucor Corp	$0	–	-95,870	–	-2.18%	–
HD	Exit	Home Depot Inc	$0	–	-56,940	–	-2.19%	–
PG	Exit	Procter & Gamble Co	$0	–	-62,842	–	-2.20%	–
ADM	Exit	Archer Daniels Midland	$0	–	-103,150	–	-2.21%	–
AAPL	Exit	Apple Inc	$0	–	-52,865	–	-2.23%	–
GD	Exit	General Dynamics Corp	$0	–	-42,452	–	-2.26%	–
INTC	Exit	Intel Corp	$0	–	-156,813	–	-2.29%	–

Q3 2014

			Value		Shares		↓ Weighting
INTC	Sell	Intel Corp	$5,460,000	+11.7%	156,813	-0.8%	2.29%	+11.9%
GD	Sell	General Dynamics Corp	$5,395,000	+7.2%	42,452	-1.7%	2.26%	+7.4%
AAPL	Sell	Apple Inc	$5,326,000	+0.0%	52,865	-7.7%	2.23%	+0.2%
ADM	Sell	Archer Daniels Midland	$5,271,000	+9.3%	103,150	-5.7%	2.21%	+9.5%
PG	Sell	Procter & Gamble Co	$5,262,000	+2.7%	62,842	-3.6%	2.20%	+2.8%
HD	Sell	Home Depot Inc	$5,224,000	+12.8%	56,940	-0.4%	2.19%	+13.0%
NUE	Sell	Nucor Corp	$5,204,000	+8.6%	95,870	-1.5%	2.18%	+8.8%
FDX	Sell	Fedex Corp	$5,197,000	+6.2%	32,190	-0.4%	2.18%	+6.4%
JNJ	Sell	Johnson & Johnson	$5,151,000	+1.4%	48,330	-0.4%	2.16%	+1.6%
UNP	Sell	Union Pac Corp	$5,145,000	+1.6%	47,450	-6.5%	2.16%	+1.8%
VZ	Sell	Verizon Comm	$5,141,000	+2.1%	102,850	-0.0%	2.15%	+2.3%
APD	Sell	Air Prods & Chems Inc	$5,141,000	+0.7%	39,495	-0.5%	2.15%	+0.8%
ZTS	Sell	Zoetis Inc	$5,119,000	+12.2%	138,550	-2.0%	2.14%	+12.4%
ADP	Sell	Automatic Data Process	$5,090,000	+4.3%	61,270	-0.5%	2.13%	+4.5%
MSFT	Sell	Microsoft Corp	$5,087,000	+5.4%	109,730	-5.2%	2.13%	+5.6%
PFE	Buy	Pfizer Inc	$5,048,000	+1.8%	170,720	+2.2%	2.11%	+2.0%
AMGN	Sell	Amgen Inc	$5,035,000	+12.3%	35,850	-5.3%	2.11%	+12.5%
DIS	Sell	Disney Walt Co	$5,000,000	+2.8%	56,165	-1.0%	2.09%	+3.0%
USB	Sell	US Bancorp DE	$4,994,000	-3.8%	119,378	-0.4%	2.09%	-3.6%
MS	Sell	Morgan Stanley	$4,958,000	+6.4%	143,430	-0.5%	2.08%	+6.5%
KMB	Buy	Kimberly Clark Corp	$4,948,000	-2.7%	45,996	+0.6%	2.07%	-2.6%
CB	Buy	Chubb Corp	$4,923,000	+2.2%	54,050	+3.4%	2.06%	+2.3%
ITW	Sell	Illinois Tool Wks Inc	$4,919,000	-4.1%	58,271	-0.5%	2.06%	-3.9%
CSCO	Buy	Cisco Sys Inc	$4,896,000	+5.3%	194,525	+4.0%	2.05%	+5.6%
OXY	Sell	Occidental Petroleum	$4,822,000	-6.6%	50,155	-0.3%	2.02%	-6.4%
IBM	Sell	International Bus Mach	$4,823,000	+4.4%	25,405	-0.3%	2.02%	+4.6%
CAT	Sell	Caterpillar Inc	$4,814,000	-9.3%	48,610	-0.5%	2.02%	-9.1%
PEP	Sell	Pepsico Inc	$4,790,000	-5.5%	51,457	-9.3%	2.01%	-5.4%
QCOM	Buy	Qualcomm Inc	$4,787,000	+9.3%	64,025	+15.8%	2.00%	+9.5%
IP	Sell	International Paper Co	$4,781,000	-5.8%	100,150	-0.4%	2.00%	-5.7%
COST	Sell	Costco Whsl Corp	$4,767,000	+3.1%	38,041	-5.3%	2.00%	+3.2%
MCD	Buy	McDonalds Corp	$4,739,000	+0.0%	49,985	+6.3%	1.98%	+0.2%
WMT	Buy	Wal-Mart Stores Inc	$4,703,000	+2.9%	61,502	+1.0%	1.97%	+3.1%
MMM	Sell	3M Co	$4,691,000	-1.5%	33,112	-0.5%	1.96%	-1.4%
JPM	Sell	JPMorgan Chase & Co	$4,686,000	+4.1%	77,795	-0.4%	1.96%	+4.2%
TWX	Sell	Time Warner Inc	$4,686,000	-3.2%	62,310	-9.6%	1.96%	-3.0%
RL	Sell	Ralph Lauren Corp	$4,606,000	-3.2%	27,960	-5.6%	1.93%	-3.0%
AXP	Buy	American Express Co	$4,603,000	-3.5%	52,585	+4.6%	1.93%	-3.3%
BDX	Sell	Becton Dickinson & Co	$4,577,000	-6.6%	40,217	-2.9%	1.92%	-6.4%
SYK	Sell	Stryker Corp	$4,532,000	-4.6%	56,118	-0.4%	1.90%	-4.5%
XOM	Buy	Exxon Mobil Corp	$4,516,000	-3.8%	48,013	+3.0%	1.89%	-3.6%
WAG	Buy	Walgreen Co	$4,398,000	-13.8%	74,195	+7.8%	1.84%	-13.6%
GLW	Sell	Corning Inc	$4,325,000	-12.3%	223,635	-0.4%	1.81%	-12.1%
UN	Buy	Unilever NV NY	$4,318,000	-4.5%	108,830	+5.3%	1.81%	-4.3%
GE	Sell	General Electric Co	$4,301,000	-2.7%	167,875	-0.2%	1.80%	-2.5%
SLB	Sell	Schlumberger Ltd	$4,107,000	-14.2%	40,392	-0.5%	1.72%	-14.1%
EMR	Sell	Emerson Elec Co	$4,078,000	-6.1%	65,170	-0.4%	1.71%	-5.9%
COH	Buy	Coach Inc	$3,970,000	+13.6%	111,475	+9.0%	1.66%	+13.8%
GOOG	Sell	Google Inc CL C (NV)	$3,051,000	-0.1%	5,285	-0.5%	1.28%	+0.1%
GOOGL	Sell	Google Inc CL A	$2,539,000	+0.1%	4,315	-0.6%	1.06%	+0.2%
AA	Sell	Alcoa Inc	$322,000	-76.0%	20,000	-77.8%	0.14%	-75.9%
IR	Exit	Ingersoll-Rand PLC	$0	–	-10,438	–	-0.27%	–

Q2 2014

			Value		Shares		↓ Weighting
AAPL	New	Apple Inc	$5,325,000	–	57,305	–	2.23%	–
CAT	New	Caterpillar Inc	$5,307,000	–	48,834	–	2.22%	–
USB	New	US Bancorp DE	$5,192,000	–	119,842	–	2.17%	–
OXY	New	Occidental Petroleum	$5,163,000	–	50,310	–	2.16%	–
ITW	New	Illinois Tool Wks Inc	$5,127,000	–	58,551	–	2.14%	–
PG	New	Procter & Gamble Co	$5,125,000	–	65,217	–	2.14%	–
APD	New	Air Prods & Chems Inc	$5,106,000	–	39,695	–	2.14%	–
WAG	New	Walgreen Co	$5,102,000	–	68,825	–	2.13%	–
KMB	New	Kimberly Clark Corp	$5,087,000	–	45,741	–	2.13%	–
JNJ	New	Johnson & Johnson	$5,078,000	–	48,540	–	2.12%	–
IP	New	International Paper Co	$5,077,000	–	100,590	–	2.12%	–
PEP	New	Pepsico Inc	$5,069,000	–	56,733	–	2.12%	–
UNP	New	Union Pac Corp	$5,062,000	–	50,750	–	2.12%	–
VZ	New	Verizon Comm	$5,034,000	–	102,875	–	2.10%	–
GD	New	General Dynamics Corp	$5,034,000	–	43,192	–	2.10%	–
PFE	New	Pfizer Inc	$4,958,000	–	167,055	–	2.07%	–
GLW	New	Corning Inc	$4,930,000	–	224,585	–	2.06%	–
BDX	New	Becton Dickinson & Co	$4,901,000	–	41,425	–	2.05%	–
FDX	New	Fedex Corp	$4,893,000	–	32,320	–	2.05%	–
INTC	New	Intel Corp	$4,887,000	–	158,143	–	2.04%	–
ADP	New	Automatic Data Process	$4,881,000	–	61,570	–	2.04%	–
DIS	New	Disney Walt Co	$4,863,000	–	56,715	–	2.03%	–
TWX	New	Time Warner Inc	$4,840,000	–	68,895	–	2.02%	–
MSFT	New	Microsoft Corp	$4,826,000	–	115,737	–	2.02%	–
ADM	New	Archer Daniels Midland	$4,824,000	–	109,374	–	2.02%	–
CB	New	Chubb Corp	$4,819,000	–	52,280	–	2.02%	–
NUE	New	Nucor Corp	$4,793,000	–	97,320	–	2.00%	–
SLB	New	Schlumberger Ltd	$4,789,000	–	40,602	–	2.00%	–
AXP	New	American Express Co	$4,769,000	–	50,270	–	1.99%	–
MMM	New	3M Co	$4,764,000	–	33,262	–	1.99%	–
RL	New	Ralph Lauren Corp	$4,757,000	–	29,605	–	1.99%	–
SYK	New	Stryker Corp	$4,753,000	–	56,368	–	1.99%	–
MCD	New	McDonalds Corp	$4,737,000	–	47,022	–	1.98%	–
XOM	New	Exxon Mobil Corp	$4,692,000	–	46,607	–	1.96%	–
MS	New	Morgan Stanley	$4,661,000	–	144,170	–	1.95%	–
CSCO	New	Cisco Sys Inc	$4,648,000	–	187,047	–	1.94%	–
HD	New	Home Depot Inc	$4,630,000	–	57,190	–	1.94%	–
COST	New	Costco Whsl Corp	$4,625,000	–	40,164	–	1.93%	–
IBM	New	International Bus Mach	$4,618,000	–	25,475	–	1.93%	–
WMT	New	Wal-Mart Stores Inc	$4,570,000	–	60,878	–	1.91%	–
ZTS	New	Zoetis Inc	$4,563,000	–	141,400	–	1.91%	–
UN	New	Unilever NV NY	$4,521,000	–	103,320	–	1.89%	–
JPM	New	JPMorgan Chase & Co	$4,503,000	–	78,145	–	1.88%	–
AMGN	New	Amgen Inc	$4,483,000	–	37,870	–	1.87%	–
GE	New	General Electric Co	$4,420,000	–	168,200	–	1.85%	–
QCOM	New	Qualcomm Inc	$4,380,000	–	55,305	–	1.83%	–
EMR	New	Emerson Elec Co	$4,341,000	–	65,410	–	1.82%	–
COH	New	Coach Inc	$3,495,000	–	102,225	–	1.46%	–
GOOG	New	Google Inc CL C (NV)	$3,054,000	–	5,309	–	1.28%	–
GOOGL	New	Google Inc CL A	$2,537,000	–	4,339	–	1.06%	–
AA	New	Alcoa Inc	$1,339,000	–	89,900	–	0.56%	–
IR	New	Ingersoll-Rand PLC	$652,000	–	10,438	–	0.27%	–
HAL	New	Halliburton Co	$554,000	–	7,800	–	0.23%	–

Q4 2013

			Value		Shares		↓ Weighting
HAL	Exit	Halliburton Co	$0	–	-8,600	–	-0.19%	–
SPLS	Exit	Staples Inc	$0	–	-66,300	–	-0.44%	–
ZTS	Exit	Zoetis Inc	$0	–	-64,950	–	-0.92%	–
UN	Exit	Unilever NV NY	$0	–	-91,470	–	-1.56%	–
AA	Exit	Alcoa Inc	$0	–	-438,500	–	-1.61%	–
GE	Exit	General Electric Co	$0	–	-166,675	–	-1.80%	–
GLW	Exit	Corning Inc	$0	–	-273,525	–	-1.81%	–
IP	Exit	International Paper Co	$0	–	-89,250	–	-1.81%	–
INTC	Exit	Intel Corp	$0	–	-174,457	–	-1.81%	–
SYK	Exit	Stryker Corp	$0	–	-59,918	–	-1.83%	–
JPM	Exit	JPMorgan Chase & Co	$0	–	-79,945	–	-1.87%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-56,108	–	-1.88%	–
QCOM	Exit	Qualcomm Inc	$0	–	-61,705	–	-1.88%	–
EMR	Exit	Emerson Elec Co	$0	–	-64,660	–	-1.89%	–
COH	Exit	Coach Inc	$0	–	-76,883	–	-1.90%	–
VZ	Exit	Verizon Comm	$0	–	-90,160	–	-1.90%	–
CAT	Exit	Caterpillar Inc	$0	–	-50,469	–	-1.90%	–
MCD	Exit	McDonalds Corp	$0	–	-43,922	–	-1.91%	–
IBM	Exit	International Bus Mach	$0	–	-22,921	–	-1.92%	–
CSCO	Exit	Cisco Sys Inc	$0	–	-182,247	–	-1.93%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-49,782	–	-1.94%	–
SLB	Exit	Schlumberger Ltd	$0	–	-48,552	–	-1.94%	–
COST	Exit	Costco Whsl Corp	$0	–	-37,274	–	-1.94%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-43,543	–	-1.97%	–
HD	Exit	Home Depot Inc	$0	–	-57,890	–	-1.99%	–
CB	Exit	Chubb Corp	$0	–	-49,480	–	-2.00%	–
AMGN	Exit	Amgen Inc	$0	–	-39,550	–	-2.00%	–
PEP	Exit	Pepsico Inc	$0	–	-55,983	–	-2.01%	–
KMB	Exit	Kimberly Clark Corp	$0	–	-47,241	–	-2.01%	–
OXY	Exit	Occidental Petroleum	$0	–	-48,567	–	-2.06%	–
PFE	Exit	Pfizer Inc	$0	–	-158,680	–	-2.06%	–
APD	Exit	Air Prods & Chems Inc	$0	–	-42,995	–	-2.07%	–
ADM	Exit	Archer Daniels Midland	$0	–	-125,074	–	-2.08%	–
NUE	Exit	Nucor Corp	$0	–	-94,119	–	-2.09%	–
PG	Exit	Procter & Gamble Co	$0	–	-61,112	–	-2.09%	–
AXP	Exit	American Express Co	$0	–	-61,165	–	-2.09%	–
DIS	Exit	Disney Walt Co	$0	–	-72,000	–	-2.10%	–
MSFT	Exit	Microsoft Corp	$0	–	-139,522	–	-2.10%	–
MS	Exit	Morgan Stanley	$0	–	-172,940	–	-2.11%	–
USB	Exit	US Bancorp DE	$0	–	-128,042	–	-2.12%	–
ADP	Exit	Automatic Data Process	$0	–	-64,770	–	-2.12%	–
JNJ	Exit	Johnson & Johnson	$0	–	-54,140	–	-2.12%	–
UNP	Exit	Union Pac Corp	$0	–	-30,580	–	-2.15%	–
AAPL	Exit	Apple Inc	$0	–	-10,022	–	-2.16%	–
FDX	Exit	Fedex Corp	$0	–	-42,035	–	-2.17%	–
GOOGL	Exit	Google Inc CL A	$0	–	-5,504	–	-2.18%	–
ITW	Exit	Illinois Tool Wks Inc	$0	–	-63,451	–	-2.19%	–
MMM	Exit	3M Co	$0	–	-40,792	–	-2.20%	–
GD	Exit	General Dynamics Corp	$0	–	-56,407	–	-2.23%	–
TWX	Exit	Time Warner Inc	$0	–	-75,935	–	-2.26%	–
IR	Exit	Ingersoll-Rand PLC	$0	–	-77,953	–	-2.29%	–
WAG	Exit	Walgreen Co	$0	–	-96,935	–	-2.36%	–

Q3 2013

			Value		Shares		↓ Weighting
WAG	Sell	Walgreen Co	$5,215,000	+10.6%	96,935	-9.1%	2.36%	+15.1%
IR	Sell	Ingersoll-Rand PLC	$5,062,000	+6.0%	77,953	-9.3%	2.29%	+10.3%
TWX	Sell	Time Warner Inc	$4,997,000	+2.9%	75,935	-9.6%	2.26%	+7.1%
GD	Sell	General Dynamics Corp	$4,937,000	+2.6%	56,407	-8.2%	2.23%	+6.7%
MMM	Sell	3M Co	$4,871,000	+1.6%	40,792	-6.9%	2.20%	+5.7%
ITW	Sell	Illinois Tool Wks Inc	$4,839,000	+1.2%	63,451	-8.2%	2.19%	+5.3%
GOOGL	Sell	Google Inc CL A	$4,821,000	-5.7%	5,504	-5.3%	2.18%	-1.9%
FDX	Sell	Fedex Corp	$4,797,000	+5.0%	42,035	-9.3%	2.17%	+9.3%
AAPL	Sell	Apple Inc	$4,778,000	+14.4%	10,022	-4.8%	2.16%	+19.0%
UNP	Sell	Union Pac Corp	$4,750,000	-8.4%	30,580	-9.0%	2.15%	-4.7%
JNJ	Sell	Johnson & Johnson	$4,693,000	-6.1%	54,140	-7.0%	2.12%	-2.3%
ADP	Sell	Automatic Data Process	$4,688,000	-4.5%	64,770	-9.2%	2.12%	-0.7%
USB	Sell	US Bancorp DE	$4,684,000	-3.3%	128,042	-4.5%	2.12%	+0.6%
MS	Sell	Morgan Stanley	$4,661,000	-0.2%	172,940	-9.6%	2.11%	+3.8%
MSFT	Sell	Microsoft Corp	$4,643,000	-10.8%	139,522	-7.4%	2.10%	-7.2%
DIS	Sell	Disney Walt Co	$4,643,000	-5.1%	72,000	-7.1%	2.10%	-1.3%
AXP	Sell	American Express Co	$4,619,000	-8.9%	61,165	-9.8%	2.09%	-5.3%
NUE	Sell	Nucor Corp	$4,614,000	+4.3%	94,119	-7.8%	2.09%	+8.5%
ADM	Sell	Archer Daniels Midland	$4,608,000	-0.5%	125,074	-8.4%	2.08%	+3.5%
APD	Sell	Air Prods & Chems Inc	$4,582,000	+6.5%	42,995	-8.5%	2.07%	+10.7%
PFE	Sell	Pfizer Inc	$4,558,000	-1.6%	158,680	-4.0%	2.06%	+2.4%
OXY	Sell	Occidental Petroleum	$4,543,000	-4.1%	48,567	-8.5%	2.06%	-0.2%
KMB	Sell	Kimberly Clark Corp	$4,451,000	-6.9%	47,241	-4.1%	2.01%	-3.2%
PEP	Sell	Pepsico Inc	$4,451,000	-10.8%	55,983	-8.2%	2.01%	-7.2%
AMGN	Sell	Amgen Inc	$4,427,000	-8.3%	39,550	-19.2%	2.00%	-4.6%
CB	Sell	Chubb Corp	$4,417,000	-3.3%	49,480	-8.3%	2.00%	+0.6%
HD	Sell	Home Depot Inc	$4,391,000	-11.5%	57,890	-9.6%	1.99%	-8.0%
BDX	Sell	Becton Dickinson & Co	$4,355,000	-7.3%	43,543	-8.4%	1.97%	-3.6%
COST	Sell	Costco Whsl Corp	$4,293,000	-5.9%	37,274	-9.7%	1.94%	-2.1%
SLB	Sell	Schlumberger Ltd	$4,290,000	+12.8%	48,552	-8.5%	1.94%	+17.4%
XOM	Buy	Exxon Mobil Corp	$4,283,000	-3.7%	49,782	+1.1%	1.94%	+0.2%
CSCO	Sell	Cisco Sys Inc	$4,270,000	-13.5%	182,247	-10.1%	1.93%	-10.0%
IBM	Buy	International Bus Mach	$4,245,000	+2.3%	22,921	+5.5%	1.92%	+6.4%
MCD	Sell	McDonalds Corp	$4,226,000	-8.9%	43,922	-6.3%	1.91%	-5.3%
CAT	Sell	Caterpillar Inc	$4,209,000	-1.8%	50,469	-2.8%	1.90%	+2.2%
VZ	Sell	Verizon Comm	$4,208,000	-11.2%	90,160	-4.2%	1.90%	-7.7%
COH	Sell	Coach Inc	$4,192,000	-6.9%	76,883	-2.5%	1.90%	-3.2%
EMR	Sell	Emerson Elec Co	$4,184,000	+10.1%	64,660	-7.2%	1.89%	+14.5%
QCOM	Sell	Qualcomm Inc	$4,154,000	+0.9%	61,705	-8.5%	1.88%	+5.0%
WMT	Sell	Wal-Mart Stores Inc	$4,150,000	-8.8%	56,108	-8.2%	1.88%	-5.2%
JPM	Sell	JPMorgan Chase & Co	$4,132,000	-6.9%	79,945	-4.9%	1.87%	-3.1%
SYK	Sell	Stryker Corp	$4,050,000	-4.3%	59,918	-8.4%	1.83%	-0.4%
INTC	Sell	Intel Corp	$3,999,000	-12.9%	174,457	-7.9%	1.81%	-9.4%
IP	Sell	International Paper Co	$3,998,000	-7.7%	89,250	-8.7%	1.81%	-4.0%
GLW	Sell	Corning Inc	$3,991,000	-7.2%	273,525	-9.5%	1.81%	-3.5%
GE	Sell	General Electric Co	$3,982,000	-6.2%	166,675	-8.9%	1.80%	-2.4%
AA	Sell	Alcoa Inc	$3,561,000	-2.2%	438,500	-5.8%	1.61%	+1.8%
UN	Sell	Unilever NV NY	$3,450,000	-12.9%	91,470	-9.2%	1.56%	-9.4%
ZTS	New	Zoetis Inc	$2,021,000	–	64,950	–	0.92%	–
SPLS	Sell	Staples Inc	$971,000	-79.0%	66,300	-77.2%	0.44%	-78.1%

Q2 2013

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp	$5,203,000	–	150,622	–	2.26%	–
UNP	New	Union Pac Corp	$5,186,000	–	33,615	–	2.26%	–
GOOGL	New	Google Inc CL A	$5,114,000	–	5,809	–	2.22%	–
AXP	New	American Express Co	$5,070,000	–	67,815	–	2.21%	–
JNJ	New	Johnson & Johnson	$5,000,000	–	58,230	–	2.18%	–
PEP	New	Pepsico Inc	$4,988,000	–	60,983	–	2.17%	–
HD	New	Home Depot Inc	$4,963,000	–	64,059	–	2.16%	–
CSCO	New	Cisco Sys Inc	$4,934,000	–	202,747	–	2.15%	–
ADP	New	Automatic Data Process	$4,911,000	–	71,320	–	2.14%	–
DIS	New	Disney Walt Co	$4,893,000	–	77,490	–	2.13%	–
TWX	New	Time Warner Inc	$4,856,000	–	83,985	–	2.11%	–
USB	New	US Bancorp DE	$4,846,000	–	134,042	–	2.11%	–
AMGN	New	Amgen Inc	$4,826,000	–	48,920	–	2.10%	–
GD	New	General Dynamics Corp	$4,813,000	–	61,448	–	2.09%	–
MMM	New	3M Co	$4,793,000	–	43,832	–	2.08%	–
KMB	New	Kimberly Clark Corp	$4,783,000	–	49,241	–	2.08%	–
ITW	New	Illinois Tool Wks Inc	$4,780,000	–	69,101	–	2.08%	–
IR	New	Ingersoll-Rand PLC	$4,774,000	–	85,988	–	2.08%	–
VZ	New	Verizon Comm	$4,740,000	–	94,160	–	2.06%	–
OXY	New	Occidental Petroleum	$4,735,000	–	53,067	–	2.06%	–
WAG	New	Walgreen Co	$4,715,000	–	106,685	–	2.05%	–
PG	New	Procter & Gamble Co	$4,705,000	–	61,112	–	2.05%	–
BDX	New	Becton Dickinson & Co	$4,699,000	–	47,543	–	2.04%	–
MS	New	Morgan Stanley	$4,671,000	–	191,210	–	2.03%	–
MCD	New	McDonalds Corp	$4,638,000	–	46,852	–	2.02%	–
ADM	New	Archer Daniels Midland	$4,631,000	–	136,574	–	2.02%	–
PFE	New	Pfizer Inc	$4,630,000	–	165,290	–	2.01%	–
SPLS	New	Staples Inc	$4,618,000	–	290,980	–	2.01%	–
INTC	New	Intel Corp	$4,591,000	–	189,457	–	2.00%	–
CB	New	Chubb Corp	$4,569,000	–	53,980	–	1.99%	–
FDX	New	Fedex Corp	$4,568,000	–	46,335	–	1.99%	–
COST	New	Costco Whsl Corp	$4,564,000	–	41,274	–	1.98%	–
WMT	New	Wal-Mart Stores Inc	$4,552,000	–	61,108	–	1.98%	–
COH	New	Coach Inc	$4,503,000	–	78,883	–	1.96%	–
XOM	New	Exxon Mobil Corp	$4,448,000	–	49,232	–	1.94%	–
JPM	New	JPMorgan Chase & Co	$4,436,000	–	84,025	–	1.93%	–
NUE	New	Nucor Corp	$4,424,000	–	102,119	–	1.92%	–
IP	New	International Paper Co	$4,332,000	–	97,765	–	1.88%	–
APD	New	Air Prods & Chems Inc	$4,303,000	–	46,990	–	1.87%	–
GLW	New	Corning Inc	$4,302,000	–	302,325	–	1.87%	–
CAT	New	Caterpillar Inc	$4,284,000	–	51,939	–	1.86%	–
GE	New	General Electric Co	$4,243,000	–	182,959	–	1.85%	–
SYK	New	Stryker Corp	$4,231,000	–	65,418	–	1.84%	–
AAPL	New	Apple Inc	$4,176,000	–	10,532	–	1.82%	–
IBM	New	International Bus Mach	$4,151,000	–	21,721	–	1.81%	–
QCOM	New	Qualcomm Inc	$4,118,000	–	67,405	–	1.79%	–
UN	New	Unilever NV NY	$3,961,000	–	100,770	–	1.72%	–
SLB	New	Schlumberger Ltd	$3,802,000	–	53,052	–	1.65%	–
EMR	New	Emerson Elec Co	$3,799,000	–	69,660	–	1.65%	–
AA	New	Alcoa Inc	$3,640,000	–	465,500	–	1.58%	–
HAL	New	Halliburton Co	$359,000	–	8,600	–	0.16%	–

Compare quarters

Export ARGUS INVESTORS' COUNSEL, INC.'s holdings