Capital Investment Services of America, Inc. Activity Q4 1999-Q2 2024

Q2 2024

			Value		Shares		↓ Weighting
NVDA	New	NVIDIA CORPORATION COMstock	$63,320,056	–	512,547	–	6.11%	–
MSFT	New	MICROSOFT CORP COMstock	$53,195,180	–	119,018	–	5.13%	–
GOOG	New	ALPHABET INC CAP STK CL Cstock	$40,211,717	–	219,233	–	3.88%	–
VCSH	New	VANGUARD SHORT-TERM CORPORATE BOND ETFetf	$39,950,317	–	516,989	–	3.86%	–
FISV	New	FISERV INC COMstock	$38,595,547	–	258,961	–	3.72%	–
PTC	New	PTC INC COMstock	$36,666,093	–	201,828	–	3.54%	–
ORCL	New	ORACLE CORP COMstock	$35,866,918	–	254,015	–	3.46%	–
QCOM	New	QUALCOMM INC COMstock	$35,388,908	–	177,673	–	3.42%	–
ADBE	New	ADOBE INC COMstock	$35,016,797	–	63,032	–	3.38%	–
DHR	New	DANAHER CORPORATION COMstock	$34,769,126	–	139,160	–	3.36%	–
NOW	New	SERVICENOW INC COMstock	$31,835,748	–	40,469	–	3.07%	–
ECL	New	ECOLAB INC COMstock	$29,523,662	–	124,049	–	2.85%	–
TYL	New	TYLER TECHNOLOGIES INC COMstock	$29,296,488	–	58,269	–	2.83%	–
SYK	New	STRYKER CORPORATION COMstock	$27,798,765	–	81,701	–	2.68%	–
ROP	New	ROPER TECHNOLOGIES INC COMstock	$27,393,312	–	48,599	–	2.64%	–
AMZN	New	AMAZON COM INC COMstock	$27,032,583	–	139,884	–	2.61%	–
WAB	New	WABTEC COMstock	$26,265,089	–	166,182	–	2.54%	–
TJX	New	TJX COS INC NEW COMstock	$24,781,088	–	225,078	–	2.39%	–
RMD	New	RESMED INC COMstock	$24,545,404	–	128,228	–	2.37%	–
ANSS	New	ANSYS INC COMstock	$24,076,492	–	74,888	–	2.32%	–
BKNG	New	BOOKING HOLDINGS INC COMstock	$23,967,075	–	6,050	–	2.31%	–
	New	CORPAY INC COM SHSstock	$22,201,810	–	83,337	–	2.14%	–
FTV	New	FORTIVE CORP COMstock	$21,968,920	–	296,477	–	2.12%	–
ITW	New	ILLINOIS TOOL WKS INC COMstock	$20,506,885	–	86,542	–	1.98%	–
IDXX	New	IDEXX LABS INC COMstock	$20,261,186	–	41,587	–	1.96%	–
SSNC	New	SS&C TECHNOLOGIES HLDGS INC COMstock	$19,691,729	–	314,213	–	1.90%	–
ZBRA	New	ZEBRA TECHNOLOGIES CORPORATION CL Astock	$18,659,990	–	60,402	–	1.80%	–
IEI	New	ISHARES 3-7 YEAR TREASURY BOND ETFetf	$17,670,259	–	153,029	–	1.70%	–
VEEV	New	VEEVA SYS INC CL A COMstock	$15,443,848	–	84,388	–	1.49%	–
SNOW	New	SNOWFLAKE INC CL Astock	$14,674,016	–	108,624	–	1.42%	–
VGIT	New	VANGUARD INTERMEDIATE-TERM TREASURY ETFetf	$14,576,192	–	250,321	–	1.41%	–
SBUX	New	STARBUCKS CORP COMstock	$14,095,873	–	181,065	–	1.36%	–
SHY	New	ISHARES 1-3 YEAR TREASURY BOND ETFetf	$12,240,152	–	149,910	–	1.18%	–
PYPL	New	PAYPAL HLDGS INC COMstock	$12,210,208	–	210,412	–	1.18%	–
	New	VANGUARD SHORT-TERM TAX EXEMPT BOND ETFetf	$9,263,480	–	92,570	–	0.89%	–
VGSH	New	VANGUARD SHORT-TERM TREASURY ETFetf	$8,953,076	–	154,390	–	0.86%	–
GOOGL	New	ALPHABET INC CAP STK CL Astock	$8,700,941	–	47,768	–	0.84%	–
ILMN	New	ILLUMINA INC COMstock	$8,385,472	–	80,336	–	0.81%	–
IGSB	New	ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETFetf	$6,710,288	–	130,958	–	0.65%	–
MUB	New	ISHARES NATIONAL MUNI BOND ETFetf	$6,353,470	–	59,629	–	0.61%	–
ALGT	New	ALLEGIANT TRAVEL CO COMstock	$5,554,333	–	110,578	–	0.54%	–
BND	New	VANGUARD TOTAL BOND MARKET ETFetf	$5,449,142	–	75,630	–	0.53%	–
FAST	New	FASTENAL CO COMstock	$4,606,092	–	73,299	–	0.44%	–
AME	New	AMETEK INC COMstock	$3,998,373	–	23,984	–	0.39%	–
VTEB	New	VANGUARD TAX-EXEMPT BOND ETFetf	$3,981,490	–	79,455	–	0.38%	–
SNPS	New	SYNOPSYS INC COMstock	$3,130,611	–	5,261	–	0.30%	–
VUSB	New	VANGUARD ULTRA-SHORT BOND ETFetf	$2,896,177	–	58,485	–	0.28%	–
BIV	New	VANGUARD INTERMEDIATE-TERM BOND ETFetf	$2,237,713	–	29,880	–	0.22%	–
	New	VERALTO CORP COM SHSstock	$2,030,647	–	21,270	–	0.20%	–
GVI	New	ISHARES INTERMEDIATE GOVERNMENT/CREDIT BOND ETFetf	$2,018,586	–	19,460	–	0.20%	–
AAPL	New	APPLE INC COMstock	$1,909,323	–	9,065	–	0.18%	–
ADP	New	AUTOMATIC DATA PROCESSING INC COMstock	$1,860,350	–	7,794	–	0.18%	–
SEDG	New	SOLAREDGE TECHNOLOGIES INC COMstock	$1,748,295	–	69,212	–	0.17%	–
ALC	New	ALCON AG ORD SHSstock	$1,626,066	–	18,254	–	0.16%	–
SPSB	New	SPDR PORTFOLIO SHORT TERM CORPORATE BOND ETFetf	$1,516,868	–	51,073	–	0.15%	–
JNJ	New	JOHNSON & JOHNSON COMstock	$1,025,729	–	7,018	–	0.10%	–
FLOT	New	ISHARES FLOATING RATE BOND ETFetf	$952,829	–	18,650	–	0.09%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CL B NEWstock	$814,414	–	2,002	–	0.08%	–
IVV	New	ISHARES CORE S&P 500 ETFetf	$769,953	–	1,407	–	0.07%	–
FDS	New	FACTSET RESH SYS INC COMstock	$650,374	–	1,593	–	0.06%	–
PEP	New	PEPSICO INC COMstock	$628,053	–	3,808	–	0.06%	–
SUB	New	ISHARES SHORT-TERM NATIONAL MUNI BOND ETFetf	$496,613	–	4,750	–	0.05%	–
VOO	New	VANGUARD S&P 500 ETFetf	$383,100	–	766	–	0.04%	–
ABBV	New	ABBVIE INC COMstock	$385,062	–	2,245	–	0.04%	–
ABT	New	ABBOTT LABS COMstock	$362,334	–	3,487	–	0.04%	–
VTIP	New	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETFetf	$364,050	–	7,500	–	0.04%	–
VTI	New	VANGUARD TOTAL STOCK MARKET ETFetf	$339,738	–	1,270	–	0.03%	–
AVGO	New	BROADCOM INC COMstock	$280,968	–	175	–	0.03%	–
VTV	New	VANGUARD VALUE ETFetf	$275,103	–	1,715	–	0.03%	–
MCD	New	MCDONALDS CORP COMstock	$269,447	–	1,057	–	0.03%	–
COST	New	COSTCO WHSL CORP NEW COMstock	$256,697	–	302	–	0.02%	–
HD	New	HOME DEPOT INC COMstock	$245,685	–	714	–	0.02%	–
UNH	New	UNITEDHEALTH GROUP INC COMstock	$226,111	–	444	–	0.02%	–
WEC	New	WEC ENERGY GROUP INC COMstock	$218,590	–	2,786	–	0.02%	–
VUG	New	VANGUARD GROWTH ETFetf	$208,698	–	558	–	0.02%	–
	New	GRAIL INC COMstock	$202,361	–	13,166	–	0.02%	–
MA	New	MASTERCARD INCORPORATED CL Astock	$201,169	–	456	–	0.02%	–

Q4 2023

			Value		Shares		↓ Weighting
VUG	Exit	VANGUARD INDEX FUND VANGUARD Getf	$0	–	-737	–	-0.02%	–
HD	Exit	HOME DEPOT INC	$0	–	-714	–	-0.02%	–
COST	Exit	COSTCO WHOLESALE CORP	$0	–	-402	–	-0.03%	–
WEC	Exit	WISCONSIN EGY CP HLDG CO	$0	–	-2,786	–	-0.03%	–
VTI	Exit	VANGUARD TOTAL STOCK MKTetf	$0	–	-1,192	–	-0.03%	–
VTV	Exit	VANGUARD VALUE ETFetf	$0	–	-1,875	–	-0.03%	–
VOO	Exit	VANGUARD S&P 500 ETF NEWetf	$0	–	-744	–	-0.03%	–
MCD	Exit	MC DONALDS CORP	$0	–	-1,147	–	-0.04%	–
UNH	Exit	UNITEDHEALTH GROUP	$0	–	-617	–	-0.04%	–
VTIP	Exit	VANGUARD SHORT-TERM TIPSetf	$0	–	-7,500	–	-0.04%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,650	–	-0.05%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-4,291	–	-0.05%	–
SUB	Exit	ISHARES TR S&P MUNI FUNDetf	$0	–	-4,750	–	-0.06%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-3,808	–	-0.08%	–
BRKB	Exit	BERKSHIRE HATHAWAYINC DEL CL	$0	–	-2,002	–	-0.08%	–
IVV	Exit	ISHARES TRUST S&P 500 S&P 500etf	$0	–	-1,998	–	-0.10%	–
FDS	Exit	FACTSET RESEARCH SYSTEMS INC	$0	–	-1,990	–	-0.10%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-6,978	–	-0.13%	–
FLOT	Exit	ISHARES TR FLTG RATE NT ETFetf	$0	–	-25,650	–	-0.15%	–
ALC	Exit	ALCON INC.	$0	–	-18,624	–	-0.17%	–
SPSB	Exit	SPDR SHORT-TERM CORP BONDetf	$0	–	-57,073	–	-0.19%	–
AAPL	Exit	APPLE INC	$0	–	-9,938	–	-0.20%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-8,019	–	-0.22%	–
GVI	Exit	ISHARES INTERMEDIATE GOVCREDITetf	$0	–	-19,685	–	-0.23%	–
BIV	Exit	VANGUARD INTERMEDIATE BONDetf	$0	–	-31,415	–	-0.26%	–
	Exit	VANGUARD SHORT TERM TAX EXEMPTetf	$0	–	-30,200	–	-0.35%	–
VTEB	Exit	VANGUARD TAX-EXEMPT BOND INDEXetf	$0	–	-71,955	–	-0.40%	–
AME	Exit	AMETEK AEROSPACE PRODUCTS	$0	–	-24,784	–	-0.42%	–
FAST	Exit	FASTENAL COMPANY	$0	–	-74,649	–	-0.47%	–
VUSB	Exit	VANGUARD ULTRA SHORT BOND ETFetf	$0	–	-99,160	–	-0.57%	–
BND	Exit	VANGUARD TOTAL BOND MKTetf	$0	–	-80,380	–	-0.65%	–
SEDG	Exit	SOLAREDGE TECHNOLOGIES, INC.	$0	–	-49,219	–	-0.74%	–
MUB	Exit	ISHARES NATIONAL MUNIetf	$0	–	-62,754	–	-0.75%	–
IGSB	Exit	ISHARES TR SHORT-TERM CORP BDetf	$0	–	-133,225	–	-0.77%	–
ILMN	Exit	ILLUMINA INC	$0	–	-52,497	–	-0.84%	–
ALGT	Exit	ALLEGIANT TRAVEL CO	$0	–	-98,182	–	-0.88%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-60,840	–	-0.92%	–
VGIT	Exit	VANGUARD INTER-TERM TREASURY Ietf	$0	–	-167,295	–	-1.11%	–
VGSH	Exit	VANGUARD SHORT TERM GOVT TREASetf	$0	–	-168,935	–	-1.13%	–
VEEV	Exit	VEEVA SYSTEMS	$0	–	-58,357	–	-1.38%	–
ZBRA	Exit	ZEBRA TECHNOLOGIES CORP CL A	$0	–	-52,847	–	-1.45%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-216,078	–	-1.46%	–
SHY	Exit	ISHARES LEHMAN 1-3 YR TREAS BOetf	$0	–	-164,380	–	-1.54%	–
IEI	Exit	ISHARES 3-7 YEAR TREASURY BONDetf	$0	–	-117,747	–	-1.55%	–
SNOW	Exit	SNOWFLAKE INC	$0	–	-90,443	–	-1.60%	–
WAB	Exit	WABTEC COM	$0	–	-151,800	–	-1.87%	–
SSNC	Exit	SS&C TECHNOLOGIES HOLDINGS	$0	–	-314,514	–	-1.92%	–
RMD	Exit	RESMED INC	$0	–	-118,481	–	-2.03%	–
IDXX	Exit	IDEXX LAB INC	$0	–	-41,384	–	-2.10%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-209,012	–	-2.21%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-156,184	–	-2.30%	–
BKNG	Exit	BOOKING HOLDINGS INC COM	$0	–	-6,519	–	-2.33%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-230,256	–	-2.37%	–
QCOM	Exit	QUALCOMM INC	$0	–	-190,445	–	-2.45%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-86,136	–	-2.55%	–
ECL	Exit	ECOLAB INCORPORATED	$0	–	-129,871	–	-2.55%	–
FTV	Exit	FORTIVE CORP COM	$0	–	-305,059	–	-2.62%	–
ANSS	Exit	ANSYS INC	$0	–	-76,215	–	-2.63%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-58,880	–	-2.64%	–
SYK	Exit	STRYKER CORP	$0	–	-84,295	–	-2.67%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-102,415	–	-2.74%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-51,067	–	-2.87%	–
NOW	Exit	SERVICENOW INC	$0	–	-47,001	–	-3.05%	–
ORCL	Exit	ORACLE CORP	$0	–	-263,711	–	-3.24%	–
PTC	Exit	PTC INC	$0	–	-213,996	–	-3.52%	–
FISV	Exit	FISERV INCORPORATED	$0	–	-271,677	–	-3.56%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-234,300	–	-3.58%	–
DHR	Exit	DANAHER CORP	$0	–	-135,741	–	-3.91%	–
ADBE	Exit	ADOBE INC	$0	–	-66,161	–	-3.91%	–
VCSH	Exit	VANGUARD SHORT-TERM CORPORATEetf	$0	–	-459,638	–	-4.01%	–
NVDA	Exit	NVIDIA CORP	$0	–	-81,335	–	-4.10%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-133,940	–	-4.91%	–

Q3 2023

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$42,291,615	-8.4%	133,940	-1.3%	4.91%	-2.7%
NVDA	Sell	NVIDIA CORP	$35,379,912	-4.0%	81,335	-6.7%	4.10%	+2.0%
VCSH	Buy	VANGUARD SHORT-TERM CORPORATEetf	$34,541,788	+0.2%	459,638	+0.9%	4.01%	+6.5%
ADBE	Sell	ADOBE INC	$33,735,494	+2.6%	66,161	-1.6%	3.91%	+9.1%
DHR	Buy	DANAHER CORP	$33,677,342	+4.5%	135,741	+1.0%	3.91%	+11.0%
GOOG	Sell	ALPHABET INC CL C	$30,892,455	+7.4%	234,300	-1.5%	3.58%	+14.2%
FISV	Sell	FISERV INCORPORATED	$30,688,634	-10.9%	271,677	-0.5%	3.56%	-5.3%
PTC	Sell	PTC INC	$30,318,953	-1.0%	213,996	-0.6%	3.52%	+5.2%
ORCL	Sell	ORACLE CORP	$27,932,269	-12.5%	263,711	-1.6%	3.24%	-7.0%
NOW	Sell	SERVICENOW INC	$26,271,679	-1.6%	47,001	-1.1%	3.05%	+4.6%
ROP	Sell	ROPER TECHNOLOGIES INC	$24,730,727	+0.1%	51,067	-0.6%	2.87%	+6.5%
ITW	Sell	ILLINOIS TOOL WORKS INC	$23,587,095	-8.6%	102,415	-0.7%	2.74%	-2.8%
SYK	Sell	STRYKER CORP	$23,035,295	-11.0%	84,295	-0.6%	2.67%	-5.4%
TYL	Sell	TYLER TECHNOLOGIES INC	$22,735,923	-7.6%	58,880	-0.3%	2.64%	-1.8%
ANSS	Sell	ANSYS INC	$22,677,773	-9.9%	76,215	-0.0%	2.63%	-4.2%
FTV	Sell	FORTIVE CORP COM	$22,623,150	-2.0%	305,059	-1.2%	2.62%	+4.2%
ECL	Buy	ECOLAB INCORPORATED	$22,000,147	-8.6%	129,871	+0.8%	2.55%	-2.8%
FLT	Sell	FLEETCOR TECHNOLOGIES INC	$21,993,966	+0.9%	86,136	-0.8%	2.55%	+7.3%
QCOM	Buy	QUALCOMM INC	$21,150,822	-2.6%	190,445	+4.4%	2.45%	+3.5%
TJX	Sell	TJX COMPANIES INC	$20,465,153	+3.3%	230,256	-1.5%	2.37%	+9.8%
BKNG	Sell	BOOKING HOLDINGS INC COM	$20,104,270	+11.6%	6,519	-2.3%	2.33%	+18.6%
AMZN	Buy	AMAZON.COM INC	$19,854,110	-2.4%	156,184	+0.1%	2.30%	+3.7%
SBUX	Sell	STARBUCKS CORP	$19,076,481	-8.3%	209,012	-0.5%	2.21%	-2.6%
IDXX	Sell	IDEXX LAB INC	$18,095,982	-13.0%	41,384	-0.1%	2.10%	-7.5%
RMD	Buy	RESMED INC	$17,519,785	-31.1%	118,481	+1.8%	2.03%	-26.8%
SSNC	Sell	SS&C TECHNOLOGIES HOLDINGS	$16,524,566	-13.6%	314,514	-0.4%	1.92%	-8.2%
WAB	Sell	WABTEC COM	$16,131,802	-3.6%	151,800	-0.5%	1.87%	+2.4%
SNOW	Buy	SNOWFLAKE INC	$13,816,977	+18.4%	90,443	+36.4%	1.60%	+25.8%
IEI	Sell	ISHARES 3-7 YEAR TREASURY BONDetf	$13,324,251	-2.0%	117,747	-0.2%	1.55%	+4.2%
SHY	Sell	ISHARES LEHMAN 1-3 YR TREAS BOetf	$13,309,849	-1.4%	164,380	-1.3%	1.54%	+4.7%
PYPL	Sell	PAYPAL HOLDINGS INC	$12,631,920	-12.8%	216,078	-0.4%	1.46%	-7.3%
ZBRA	Buy	ZEBRA TECHNOLOGIES CORP CL A	$12,499,901	-19.9%	52,847	+0.2%	1.45%	-14.9%
VEEV	Buy	VEEVA SYSTEMS	$11,872,732	+4.0%	58,357	+1.1%	1.38%	+10.5%
VGSH	Sell	VANGUARD SHORT TERM GOVT TREASetf	$9,730,656	-0.3%	168,935	-0.1%	1.13%	+6.0%
VGIT	Buy	VANGUARD INTER-TERM TREASURY Ietf	$9,560,909	-2.3%	167,295	+0.3%	1.11%	+3.8%
GOOGL	Sell	ALPHABET INC CL A	$7,961,522	+4.3%	60,840	-4.6%	0.92%	+10.9%
ALGT	Buy	ALLEGIANT TRAVEL CO	$7,546,269	-36.0%	98,182	+5.2%	0.88%	-32.0%
ILMN	Buy	ILLUMINA INC	$7,206,788	-20.2%	52,497	+9.0%	0.84%	-15.1%
IGSB	Sell	ISHARES TR SHORT-TERM CORP BDetf	$6,638,602	-4.8%	133,225	-4.2%	0.77%	+1.2%
MUB	Sell	ISHARES NATIONAL MUNIetf	$6,434,795	-7.1%	62,754	-3.3%	0.75%	-1.3%
SEDG	Sell	SOLAREDGE TECHNOLOGIES, INC.	$6,374,353	-56.4%	49,219	-9.5%	0.74%	-53.7%
BND	Sell	VANGUARD TOTAL BOND MKTetf	$5,608,916	-6.5%	80,380	-2.6%	0.65%	-0.5%
VUSB	Sell	VANGUARD ULTRA SHORT BOND ETFetf	$4,877,680	-3.8%	99,160	-3.9%	0.57%	+2.4%
FAST	Sell	FASTENAL COMPANY	$4,078,807	-10.3%	74,649	-3.1%	0.47%	-4.6%
AME	Sell	AMETEK AEROSPACE PRODUCTS	$3,662,084	-9.8%	24,784	-1.2%	0.42%	-4.1%
	Buy	VANGUARD SHORT TERM TAX EXEMPTetf	$2,980,740	+17.7%	30,200	+19.8%	0.35%	+25.4%
BIV	Sell	VANGUARD INTERMEDIATE BONDetf	$2,271,619	-7.6%	31,415	-3.8%	0.26%	-1.5%
GVI	Sell	ISHARES INTERMEDIATE GOVCREDITetf	$1,994,681	-4.6%	19,685	-3.2%	0.23%	+1.3%
AAPL	Buy	APPLE INC	$1,701,528	-9.5%	9,938	+2.5%	0.20%	-3.9%
SPSB	Sell	SPDR SHORT-TERM CORP BONDetf	$1,673,380	-2.5%	57,073	-2.1%	0.19%	+3.7%
JNJ	Sell	JOHNSON & JOHNSON	$1,086,800	-7.2%	6,978	-1.4%	0.13%	-1.6%
IVV	Buy	ISHARES TRUST S&P 500 S&P 500etf	$858,001	+32.2%	1,998	+37.2%	0.10%	+40.8%
BRKB	Sell	BERKSHIRE HATHAWAYINC DEL CL	$701,301	-13.2%	2,002	-15.5%	0.08%	-8.0%
ABT	Sell	ABBOTT LABORATORIES	$415,583	-12.5%	4,291	-1.5%	0.05%	-7.7%
ABBV	Sell	ABBVIE INC	$395,009	+7.9%	2,650	-2.5%	0.05%	+15.0%
UNH	Sell	UNITEDHEALTH GROUP	$311,085	-15.9%	617	-19.9%	0.04%	-10.0%
VOO	Buy	VANGUARD S&P 500 ETF NEWetf	$292,169	+1.8%	744	+5.5%	0.03%	+9.7%
VTV	New	VANGUARD VALUE ETFetf	$258,619	–	1,875	–	0.03%	–
VTI	Buy	VANGUARD TOTAL STOCK MKTetf	$253,193	-1.1%	1,192	+2.6%	0.03%	+3.6%
VUG	New	VANGUARD INDEX FUND VANGUARD Getf	$200,692	–	737	–	0.02%	–
CHD	Exit	CHURCH&DWIGHT CO INC	$0	–	-2,030	–	-0.02%	–

Q2 2023

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$46,192,272	–	135,644	–	5.04%	–
NVDA	New	NVIDIA CORP	$36,864,078	–	87,145	–	4.02%	–
VCSH	New	VANGUARD SHORT-TERM CORPORATEetf	$34,467,208	–	455,554	–	3.76%	–
FISV	New	FISERV INCORPORATED	$34,448,916	–	273,079	–	3.76%	–
ADBE	New	ADOBE INC	$32,872,842	–	67,226	–	3.59%	–
DHR	New	DANAHER CORP	$32,240,880	–	134,337	–	3.52%	–
ORCL	New	ORACLE CORP	$31,919,812	–	268,031	–	3.48%	–
PTC	New	PTC INC	$30,620,968	–	215,186	–	3.34%	–
GOOG	New	ALPHABET INC CL C	$28,765,093	–	237,787	–	3.14%	–
NOW	New	SERVICENOW INC	$26,703,128	–	47,517	–	2.91%	–
SYK	New	STRYKER CORP	$25,882,920	–	84,837	–	2.82%	–
ITW	New	ILLINOIS TOOL WORKS INC	$25,795,886	–	103,118	–	2.82%	–
RMD	New	RESMED INC	$25,433,618	–	116,401	–	2.78%	–
ANSS	New	ANSYS INC	$25,173,510	–	76,221	–	2.75%	–
ROP	New	ROPER TECHNOLOGIES INC	$24,698,696	–	51,370	–	2.70%	–
TYL	New	TYLER TECHNOLOGIES INC	$24,595,052	–	59,056	–	2.68%	–
ECL	New	ECOLAB INCORPORATED	$24,063,408	–	128,895	–	2.63%	–
FTV	New	FORTIVE CORP COM	$23,074,669	–	308,609	–	2.52%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$21,792,740	–	86,796	–	2.38%	–
QCOM	New	QUALCOMM INC	$21,720,038	–	182,460	–	2.37%	–
SBUX	New	STARBUCKS CORP	$20,814,340	–	210,119	–	2.27%	–
IDXX	New	IDEXX LAB INC	$20,800,358	–	41,416	–	2.27%	–
AMZN	New	AMAZON.COM INC	$20,343,851	–	156,059	–	2.22%	–
TJX	New	TJX COMPANIES INC	$19,812,795	–	233,669	–	2.16%	–
SSNC	New	SS&C TECHNOLOGIES HOLDINGS	$19,129,602	–	315,670	–	2.09%	–
BKNG	New	BOOKING HOLDINGS INC COM	$18,011,201	–	6,670	–	1.97%	–
WAB	New	WABTEC COM	$16,738,839	–	152,629	–	1.83%	–
ZBRA	New	ZEBRA TECHNOLOGIES CORP CL A	$15,605,920	–	52,753	–	1.70%	–
SEDG	New	SOLAREDGE TECHNOLOGIES, INC.	$14,630,939	–	54,380	–	1.60%	–
PYPL	New	PAYPAL HOLDINGS INC	$14,481,878	–	217,022	–	1.58%	–
IEI	New	ISHARES 3-7 YEAR TREASURY BONDetf	$13,596,646	–	117,965	–	1.48%	–
SHY	New	ISHARES LEHMAN 1-3 YR TREAS BOetf	$13,504,279	–	166,555	–	1.47%	–
ALGT	New	ALLEGIANT TRAVEL CO	$11,788,869	–	93,355	–	1.29%	–
SNOW	New	SNOWFLAKE INC	$11,671,170	–	66,321	–	1.27%	–
VEEV	New	VEEVA SYSTEMS	$11,412,976	–	57,720	–	1.25%	–
VGIT	New	VANGUARD INTER-TERM TREASURY Ietf	$9,782,142	–	166,760	–	1.07%	–
VGSH	New	VANGUARD SHORT TERM GOVT TREASetf	$9,761,854	–	169,095	–	1.06%	–
ILMN	New	ILLUMINA INC	$9,027,081	–	48,147	–	0.98%	–
GOOGL	New	ALPHABET INC CL A	$7,636,860	–	63,800	–	0.83%	–
IGSB	New	ISHARES TR SHORT-TERM CORP BDetf	$6,974,934	–	139,026	–	0.76%	–
MUB	New	ISHARES NATIONAL MUNIetf	$6,927,204	–	64,904	–	0.76%	–
BND	New	VANGUARD TOTAL BOND MKTetf	$5,996,998	–	82,501	–	0.65%	–
VUSB	New	VANGUARD ULTRA SHORT BOND ETFetf	$5,071,346	–	103,160	–	0.55%	–
FAST	New	FASTENAL COMPANY	$4,545,105	–	77,049	–	0.50%	–
AME	New	AMETEK AEROSPACE PRODUCTS	$4,060,598	–	25,084	–	0.44%	–
VTEB	New	VANGUARD TAX-EXEMPT BOND INDEXetf	$3,613,580	–	71,955	–	0.39%	–
	New	VANGUARD SHORT TERM TAX EXEMPTetf	$2,532,096	–	25,200	–	0.28%	–
BIV	New	VANGUARD INTERMEDIATE BONDetf	$2,457,388	–	32,665	–	0.27%	–
GVI	New	ISHARES INTERMEDIATE GOVCREDITetf	$2,091,957	–	20,330	–	0.23%	–
AAPL	New	APPLE INC	$1,880,588	–	9,695	–	0.20%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$1,762,496	–	8,019	–	0.19%	–
SPSB	New	SPDR SHORT-TERM CORP BONDetf	$1,715,557	–	58,273	–	0.19%	–
ALC	New	ALCON INC.	$1,529,217	–	18,624	–	0.17%	–
FLOT	New	ISHARES TR FLTG RATE NT ETFetf	$1,303,533	–	25,650	–	0.14%	–
JNJ	New	JOHNSON & JOHNSON	$1,171,526	–	7,078	–	0.13%	–
BRKB	New	BERKSHIRE HATHAWAYINC DEL CL	$807,829	–	2,369	–	0.09%	–
FDS	New	FACTSET RESEARCH SYSTEMS INC	$797,293	–	1,990	–	0.09%	–
PEP	New	PEPSICO INCORPORATED	$705,318	–	3,808	–	0.08%	–
IVV	New	ISHARES TRUST S&P 500 S&P 500etf	$648,954	–	1,456	–	0.07%	–
SUB	New	ISHARES TR S&P MUNI FUNDetf	$494,190	–	4,750	–	0.05%	–
ABT	New	ABBOTT LABORATORIES	$475,109	–	4,358	–	0.05%	–
UNH	New	UNITEDHEALTH GROUP	$370,093	–	770	–	0.04%	–
ABBV	New	ABBVIE INC	$366,061	–	2,717	–	0.04%	–
VTIP	New	VANGUARD SHORT-TERM TIPSetf	$355,650	–	7,500	–	0.04%	–
MCD	New	MC DONALDS CORP	$342,372	–	1,147	–	0.04%	–
VOO	New	VANGUARD S&P 500 ETF NEWetf	$287,132	–	705	–	0.03%	–
VTI	New	VANGUARD TOTAL STOCK MKTetf	$255,965	–	1,162	–	0.03%	–
WEC	New	WISCONSIN EGY CP HLDG CO	$245,837	–	2,786	–	0.03%	–
COST	New	COSTCO WHOLESALE CORP	$216,429	–	402	–	0.02%	–
HD	New	HOME DEPOT INC	$221,704	–	714	–	0.02%	–
CHD	New	CHURCH&DWIGHT CO INC	$203,467	–	2,030	–	0.02%	–

Q4 2022

			Value		Shares		↓ Weighting
COST	Exit	COSTCO WHOLESALE CORP	$0	–	-428	–	-0.03%	–
DIS	Exit	DISNEY WALT CO	$0	–	-2,176	–	-0.03%	–
VOO	Exit	VANGUARD S&P 500 ETF NEWetf	$0	–	-678	–	-0.03%	–
VTI	Exit	VANGUARD TOTAL STOCK MKTetf	$0	–	-1,359	–	-0.03%	–
WEC	Exit	WISCONSIN EGY CP HLDG CO	$0	–	-2,786	–	-0.03%	–
MCD	Exit	MC DONALDS CORP	$0	–	-1,187	–	-0.04%	–
	Exit	OAKMARK FUNDetf	$0	–	-2,932	–	-0.04%	–
UNH	Exit	UNITEDHEALTH GROUP	$0	–	-643	–	-0.04%	–
VTIP	Exit	VANGUARD SHORT-TERM TIPSetf	$0	–	-7,500	–	-0.05%	–
USB	Exit	US BANCORP	$0	–	-9,577	–	-0.05%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,853	–	-0.05%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-4,550	–	-0.06%	–
SUB	Exit	ISHARES TR S&P MUNI FUNDetf	$0	–	-4,750	–	-0.07%	–
IVV	Exit	ISHARES TRUST S&P 500 S&P 500etf	$0	–	-1,512	–	-0.07%	–
BRKB	Exit	BERKSHIRE HATHAWAYINC DEL CL	$0	–	-2,125	–	-0.08%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-4,008	–	-0.09%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-7,100	–	-0.16%	–
FLOT	Exit	ISHARES TR FLTG RATE NT ETFetf	$0	–	-25,650	–	-0.18%	–
FDS	Exit	FACTSET RESEARCH SYSTEMS INC	$0	–	-3,300	–	-0.18%	–
AAPL	Exit	APPLE INC	$0	–	-10,483	–	-0.20%	–
ALC	Exit	ALCON INC.	$0	–	-25,070	–	-0.20%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-8,069	–	-0.25%	–
SPSB	Exit	SPDR SHORT-TERM CORP BONDetf	$0	–	-68,973	–	-0.27%	–
GVI	Exit	ISHARES INTERMEDIATE GOVCREDITetf	$0	–	-22,140	–	-0.31%	–
BIV	Exit	VANGUARD INTERMEDIATE BONDetf	$0	–	-38,090	–	-0.38%	–
AME	Exit	AMETEK AEROSPACE PRODUCTS	$0	–	-25,795	–	-0.40%	–
FAST	Exit	FASTENAL COMPANY	$0	–	-90,554	–	-0.57%	–
VTEB	Exit	VANGUARD TAX-EXEMPT BOND INDEXetf	$0	–	-94,455	–	-0.62%	–
VEEV	Exit	VEEVA SYSTEMS	$0	–	-36,960	–	-0.83%	–
AVLR	Exit	AVALARA INC	$0	–	-66,666	–	-0.83%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-65,595	–	-0.85%	–
VGIT	Exit	VANGUARD INTER-TERM TREASURY Ietf	$0	–	-108,120	–	-0.86%	–
ALGT	Exit	ALLEGIANT TRAVEL CO	$0	–	-88,567	–	-0.88%	–
BND	Exit	VANGUARD TOTAL BOND MKTetf	$0	–	-94,517	–	-0.92%	–
MUB	Exit	ISHARES NATIONAL MUNIetf	$0	–	-65,754	–	-0.92%	–
ILMN	Exit	ILLUMINA INC	$0	–	-39,976	–	-1.04%	–
IGSB	Exit	ISHARES TR SHORT-TERM CORP BDetf	$0	–	-170,289	–	-1.14%	–
IEI	Exit	ISHARES 3-7 YEAR TREASURY BONDetf	$0	–	-86,990	–	-1.35%	–
ZBRA	Exit	ZEBRA TECHNOLOGIES CORP CL A	$0	–	-42,352	–	-1.51%	–
SEDG	Exit	SOLAREDGE TECHNOLOGIES, INC.	$0	–	-48,246	–	-1.52%	–
VUSB	Exit	VANGUARD ULTRA SHORT BOND ETFetf	$0	–	-239,461	–	-1.59%	–
BKNG	Exit	BOOKING HOLDINGS INC COM	$0	–	-7,151	–	-1.60%	–
NVDA	Exit	NVIDIA CORP	$0	–	-102,323	–	-1.69%	–
VGSH	Exit	VANGUARD SHORT TERM GOVT TREASetf	$0	–	-220,221	–	-1.73%	–
WAB	Exit	WABTEC COM	$0	–	-158,280	–	-1.75%	–
IDXX	Exit	IDEXX LAB INC	$0	–	-41,071	–	-1.82%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-81,353	–	-1.95%	–
SSNC	Exit	SS&C TECHNOLOGIES HOLDINGS	$0	–	-307,383	–	-1.99%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-142,409	–	-2.18%	–
ANSS	Exit	ANSYS INC	$0	–	-76,179	–	-2.29%	–
SHY	Exit	ISHARES LEHMAN 1-3 YR TREAS BOetf	$0	–	-208,669	–	-2.30%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-198,533	–	-2.32%	–
NOW	Exit	SERVICENOW INC	$0	–	-47,247	–	-2.42%	–
ECL	Exit	ECOLAB INCORPORATED	$0	–	-127,382	–	-2.50%	–
FTV	Exit	FORTIVE CORP COM	$0	–	-318,153	–	-2.52%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-221,911	–	-2.54%	–
ADBE	Exit	ADOBE INC	$0	–	-68,508	–	-2.56%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-52,843	–	-2.58%	–
ORCL	Exit	ORACLE CORP	$0	–	-311,757	–	-2.58%	–
SYK	Exit	STRYKER CORP	$0	–	-94,292	–	-2.59%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-57,828	–	-2.73%	–
QCOM	Exit	QUALCOMM INC	$0	–	-182,645	–	-2.80%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-116,569	–	-2.86%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-349,974	–	-2.95%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-230,540	–	-3.01%	–
PTC	Exit	PTC INC	$0	–	-217,186	–	-3.08%	–
FISV	Exit	FISERV INCORPORATED	$0	–	-276,519	–	-3.51%	–
RMD	Exit	RESMED INC	$0	–	-129,449	–	-3.84%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-141,958	–	-4.49%	–
DHR	Exit	DANAHER CORP	$0	–	-138,522	–	-4.86%	–
VCSH	Exit	VANGUARD SHORT-TERM CORPORATEetf	$0	–	-521,460	–	-5.26%	–

Q3 2022

			Value		Shares		↓ Weighting
VCSH	Sell	VANGUARD SHORT-TERM CORPORATEetf	$38,734,000	-5.6%	521,460	-3.1%	5.26%	-1.3%
DHR	Sell	DANAHER CORP	$35,779,000	+0.4%	138,522	-1.5%	4.86%	+5.0%
MSFT	Sell	MICROSOFT CORP	$33,062,000	-9.6%	141,958	-0.3%	4.49%	-5.4%
RMD	Sell	RESMED INC	$28,259,000	+3.6%	129,449	-0.5%	3.84%	+8.4%
FISV	Sell	FISERV INCORPORATED	$25,874,000	+4.5%	276,519	-0.7%	3.51%	+9.3%
PTC	Sell	PTC INC	$22,718,000	-2.2%	217,186	-0.5%	3.08%	+2.4%
GOOG	Buy	ALPHABET INC CL C	$22,166,000	-11.4%	230,540	+1915.4%	3.01%	-7.3%
TJX	Sell	TJX COMPANIES INC	$21,740,000	+10.8%	349,974	-0.4%	2.95%	+15.9%
ITW	Sell	ILLINOIS TOOL WORKS INC	$21,058,000	-1.1%	116,569	-0.2%	2.86%	+3.4%
QCOM	Sell	QUALCOMM INC	$20,635,000	-11.9%	182,645	-0.4%	2.80%	-7.9%
TYL	Sell	TYLER TECHNOLOGIES INC	$20,095,000	+4.4%	57,828	-0.1%	2.73%	+9.2%
SYK	Sell	STRYKER CORP	$19,098,000	+1.3%	94,292	-0.5%	2.59%	+6.0%
ORCL	Sell	ORACLE CORP	$19,039,000	-13.3%	311,757	-0.8%	2.58%	-9.3%
ROP	Sell	ROPER TECHNOLOGIES INC	$19,004,000	-9.3%	52,843	-0.5%	2.58%	-5.1%
ADBE	Buy	ADOBE INC	$18,853,000	-22.8%	68,508	+2.6%	2.56%	-19.3%
SBUX	Sell	STARBUCKS CORP	$18,698,000	+10.1%	221,911	-0.2%	2.54%	+15.1%
FTV	Sell	FORTIVE CORP COM	$18,548,000	+7.0%	318,153	-0.2%	2.52%	+11.9%
ECL	Buy	ECOLAB INCORPORATED	$18,397,000	-5.7%	127,382	+0.4%	2.50%	-1.4%
NOW	Sell	SERVICENOW INC	$17,841,000	-21.0%	47,247	-0.5%	2.42%	-17.4%
PYPL	Buy	PAYPAL HOLDINGS INC	$17,088,000	+32.8%	198,533	+7.8%	2.32%	+38.9%
SHY	Sell	ISHARES LEHMAN 1-3 YR TREAS BOetf	$16,946,000	-9.5%	208,669	-7.7%	2.30%	-5.3%
ANSS	Buy	ANSYS INC	$16,889,000	-6.4%	76,179	+1.0%	2.29%	-2.1%
AMZN	Buy	AMAZON.COM INC	$16,092,000	+6.8%	142,409	+0.4%	2.18%	+11.7%
SSNC	Buy	SS&C TECHNOLOGIES HOLDINGS	$14,678,000	-17.3%	307,383	+0.6%	1.99%	-13.5%
FLT	Buy	FLEETCOR TECHNOLOGIES INC	$14,332,000	-14.1%	81,353	+2.4%	1.95%	-10.2%
IDXX	Buy	IDEXX LAB INC	$13,381,000	-6.1%	41,071	+1.1%	1.82%	-1.7%
WAB	Sell	WABTEC COM	$12,876,000	-1.2%	158,280	-0.3%	1.75%	+3.3%
VGSH	Sell	VANGUARD SHORT TERM GOVT TREASetf	$12,727,000	-9.4%	220,221	-7.8%	1.73%	-5.3%
NVDA	Sell	NVIDIA CORP	$12,421,000	-20.3%	102,323	-0.5%	1.69%	-16.6%
BKNG	Sell	BOOKING HOLDINGS INC COM	$11,751,000	-8.6%	7,151	-2.7%	1.60%	-4.4%
VUSB	Sell	VANGUARD ULTRA SHORT BOND ETFetf	$11,722,000	-19.3%	239,461	-18.9%	1.59%	-15.6%
SEDG	Sell	SOLAREDGE TECHNOLOGIES, INC.	$11,167,000	-15.6%	48,246	-0.2%	1.52%	-11.7%
ZBRA	New	ZEBRA TECHNOLOGIES CORP CL A	$11,097,000	–	42,352	–	1.51%	–
IEI	Buy	ISHARES 3-7 YEAR TREASURY BONDetf	$9,941,000	+8.2%	86,990	+13.0%	1.35%	+13.2%
IGSB	Sell	ISHARES TR SHORT-TERM CORP BDetf	$8,392,000	-6.9%	170,289	-4.5%	1.14%	-2.6%
ILMN	Sell	ILLUMINA INC	$7,627,000	-8.4%	39,976	-11.4%	1.04%	-4.1%
MUB	Sell	ISHARES NATIONAL MUNIetf	$6,745,000	-12.2%	65,754	-9.0%	0.92%	-8.2%
BND	Sell	VANGUARD TOTAL BOND MKTetf	$6,742,000	-6.7%	94,517	-1.5%	0.92%	-2.5%
ALGT	Buy	ALLEGIANT TRAVEL CO	$6,464,000	-34.6%	88,567	+1.3%	0.88%	-31.6%
VGIT	Sell	VANGUARD INTER-TERM TREASURY Ietf	$6,304,000	-5.3%	108,120	-0.7%	0.86%	-0.9%
GOOGL	Buy	ALPHABET INC CL A	$6,274,000	-13.1%	65,595	+1879.9%	0.85%	-9.1%
AVLR	Sell	AVALARA INC	$6,120,000	-23.0%	66,666	-40.8%	0.83%	-19.5%
VEEV	Buy	VEEVA SYSTEMS	$6,094,000	-0.3%	36,960	+19.8%	0.83%	+4.3%
BIV	Sell	VANGUARD INTERMEDIATE BONDetf	$2,799,000	-6.0%	38,090	-0.7%	0.38%	-1.8%
GVI	Sell	ISHARES INTERMEDIATE GOVCREDITetf	$2,251,000	-4.8%	22,140	-1.1%	0.31%	-0.3%
SPSB	Sell	SPDR SHORT-TERM CORP BONDetf	$2,015,000	-7.7%	68,973	-6.1%	0.27%	-3.5%
AAPL	Buy	APPLE INC	$1,449,000	+8.3%	10,483	+7.2%	0.20%	+13.2%
FLOT	Sell	ISHARES TR FLTG RATE NT ETFetf	$1,289,000	-12.9%	25,650	-13.5%	0.18%	-8.9%
SUB	Sell	ISHARES TR S&P MUNI FUNDetf	$488,000	-11.3%	4,750	-9.5%	0.07%	-7.0%
ABT	Buy	ABBOTT LABORATORIES	$440,000	-7.4%	4,550	+4.0%	0.06%	-3.2%
USB	Sell	US BANCORP	$386,000	-15.9%	9,577	-4.0%	0.05%	-13.3%
UNH	Sell	UNITEDHEALTH GROUP	$325,000	-9.5%	643	-7.9%	0.04%	-6.4%
MCD	Sell	MC DONALDS CORP	$274,000	-7.4%	1,187	-0.8%	0.04%	-2.6%
WEC	Sell	WISCONSIN EGY CP HLDG CO	$249,000	-25.9%	2,786	-16.5%	0.03%	-22.7%
VTI	Buy	VANGUARD TOTAL STOCK MKTetf	$244,000	+7.0%	1,359	+12.4%	0.03%	+10.0%
VOO	Buy	VANGUARD S&P 500 ETF NEWetf	$223,000	-0.9%	678	+4.3%	0.03%	+3.4%
COST	New	COSTCO WHOLESALE CORP	$202,000	–	428	–	0.03%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-4,219	–	-0.03%	–

Q2 2022

			Value		Shares		↓ Weighting
VCSH	New	VANGUARD SHORT-TERM CORPORATEetf	$41,034,000	–	538,085	–	5.33%	–
MSFT	New	MICROSOFT CORP	$36,561,000	–	142,356	–	4.75%	–
DHR	New	DANAHER CORP	$35,640,000	–	140,582	–	4.63%	–
RMD	New	RESMED INC	$27,275,000	–	130,112	–	3.54%	–
GOOG	New	ALPHABET INC CL C	$25,022,000	–	11,439	–	3.25%	–
FISV	New	FISERV INCORPORATED	$24,769,000	–	278,401	–	3.22%	–
ADBE	New	ADOBE INC	$24,436,000	–	66,754	–	3.17%	–
QCOM	New	QUALCOMM INC	$23,434,000	–	183,448	–	3.04%	–
PTC	New	PTC INC	$23,218,000	–	218,342	–	3.01%	–
NOW	New	SERVICENOW INC	$22,574,000	–	47,472	–	2.93%	–
ORCL	New	ORACLE CORP	$21,953,000	–	314,197	–	2.85%	–
ITW	New	ILLINOIS TOOL WORKS INC	$21,290,000	–	116,819	–	2.76%	–
ROP	New	ROPER TECHNOLOGIES INC	$20,955,000	–	53,098	–	2.72%	–
TJX	New	TJX COMPANIES INC	$19,629,000	–	351,456	–	2.55%	–
ECL	New	ECOLAB INCORPORATED	$19,515,000	–	126,916	–	2.53%	–
TYL	New	TYLER TECHNOLOGIES INC	$19,245,000	–	57,884	–	2.50%	–
SYK	New	STRYKER CORP	$18,852,000	–	94,766	–	2.45%	–
SHY	New	ISHARES LEHMAN 1-3 YR TREAS BOetf	$18,720,000	–	226,109	–	2.43%	–
ANSS	New	ANSYS INC	$18,043,000	–	75,403	–	2.34%	–
SSNC	New	SS&C TECHNOLOGIES HOLDINGS	$17,745,000	–	305,583	–	2.30%	–
FTV	New	FORTIVE CORP COM	$17,338,000	–	318,829	–	2.25%	–
SBUX	New	STARBUCKS CORP	$16,986,000	–	222,356	–	2.20%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$16,691,000	–	79,441	–	2.17%	–
NVDA	New	NVIDIA CORP	$15,583,000	–	102,796	–	2.02%	–
AMZN	New	AMAZON.COM INC	$15,066,000	–	141,850	–	1.96%	–
VUSB	New	VANGUARD ULTRA SHORT BOND ETFetf	$14,527,000	–	295,261	–	1.89%	–
IDXX	New	IDEXX LAB INC	$14,246,000	–	40,618	–	1.85%	–
VGSH	New	VANGUARD SHORT TERM GOVT TREASetf	$14,054,000	–	238,766	–	1.82%	–
SEDG	New	SOLAREDGE TECHNOLOGIES, INC.	$13,229,000	–	48,336	–	1.72%	–
WAB	New	WABTEC COM	$13,033,000	–	158,780	–	1.69%	–
PYPL	New	PAYPAL HOLDINGS INC	$12,864,000	–	184,193	–	1.67%	–
BKNG	New	BOOKING HOLDINGS INC COM	$12,860,000	–	7,353	–	1.67%	–
ALGT	New	ALLEGIANT TRAVEL CO	$9,891,000	–	87,460	–	1.28%	–
IEI	New	ISHARES 3-7 YEAR TREASURY BONDetf	$9,190,000	–	77,010	–	1.19%	–
IGSB	New	ISHARES TR SHORT-TERM CORP BDetf	$9,011,000	–	178,269	–	1.17%	–
ILMN	New	ILLUMINA INC	$8,323,000	–	45,145	–	1.08%	–
AVLR	New	AVALARA INC	$7,946,000	–	112,547	–	1.03%	–
MUB	New	ISHARES NATIONAL MUNIetf	$7,685,000	–	72,254	–	1.00%	–
BND	New	VANGUARD TOTAL BOND MKTetf	$7,225,000	–	95,997	–	0.94%	–
GOOGL	New	ALPHABET INC CL A	$7,220,000	–	3,313	–	0.94%	–
VGIT	New	VANGUARD INTER-TERM TREASURY Ietf	$6,658,000	–	108,870	–	0.86%	–
VEEV	New	VEEVA SYSTEMS	$6,112,000	–	30,863	–	0.79%	–
VTEB	New	VANGUARD TAX-EXEMPT BOND INDEXetf	$4,715,000	–	94,455	–	0.61%	–
FAST	New	FASTENAL COMPANY	$4,520,000	–	90,554	–	0.59%	–
BIV	New	VANGUARD INTERMEDIATE BONDetf	$2,978,000	–	38,350	–	0.39%	–
AME	New	AMETEK AEROSPACE PRODUCTS	$2,835,000	–	25,795	–	0.37%	–
GVI	New	ISHARES INTERMEDIATE GOVCREDITetf	$2,364,000	–	22,395	–	0.31%	–
SPSB	New	SPDR SHORT-TERM CORP BONDetf	$2,184,000	–	73,473	–	0.28%	–
ALC	New	ALCON INC.	$1,752,000	–	25,070	–	0.23%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$1,695,000	–	8,069	–	0.22%	–
FLOT	New	ISHARES TR FLTG RATE NT ETFetf	$1,480,000	–	29,650	–	0.19%	–
AAPL	New	APPLE INC	$1,338,000	–	9,783	–	0.17%	–
FDS	New	FACTSET RESEARCH SYSTEMS INC	$1,269,000	–	3,300	–	0.16%	–
JNJ	New	JOHNSON & JOHNSON	$1,260,000	–	7,100	–	0.16%	–
PEP	New	PEPSICO INCORPORATED	$668,000	–	4,008	–	0.09%	–
BRKB	New	BERKSHIRE HATHAWAYINC DEL CL	$580,000	–	2,125	–	0.08%	–
IVV	New	ISHARES TRUST S&P 500 S&P 500etf	$573,000	–	1,512	–	0.07%	–
SUB	New	ISHARES TR S&P MUNI FUNDetf	$550,000	–	5,250	–	0.07%	–
ABT	New	ABBOTT LABORATORIES	$475,000	–	4,373	–	0.06%	–
USB	New	US BANCORP	$459,000	–	9,977	–	0.06%	–
ABBV	New	ABBVIE INC	$437,000	–	2,853	–	0.06%	–
VTIP	New	VANGUARD SHORT-TERM TIPSetf	$376,000	–	7,500	–	0.05%	–
UNH	New	UNITEDHEALTH GROUP	$359,000	–	698	–	0.05%	–
WEC	New	WISCONSIN EGY CP HLDG CO	$336,000	–	3,336	–	0.04%	–
MCD	New	MC DONALDS CORP	$296,000	–	1,197	–	0.04%	–
	New	OAKMARK FUNDetf	$280,000	–	2,932	–	0.04%	–
VTI	New	VANGUARD TOTAL STOCK MKTetf	$228,000	–	1,209	–	0.03%	–
PFE	New	PFIZER INCORPORATED	$221,000	–	4,219	–	0.03%	–
VOO	New	VANGUARD S&P 500 ETF NEWetf	$225,000	–	650	–	0.03%	–
DIS	New	DISNEY WALT CO	$205,000	–	2,176	–	0.03%	–

Q4 2021

			Value		Shares		↓ Weighting
MRK	Exit	MERCK & CO INC NEW	$0	–	-2,868	–	-0.02%	–
	Exit	OAKMARK FUNDetf	$0	–	-1,810	–	-0.02%	–
EW	Exit	EDWARDS LIFESCIENCES CORP	$0	–	-2,148	–	-0.02%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-1,501	–	-0.02%	–
AMGN	Exit	AMGEN INC	$0	–	-1,142	–	-0.02%	–
SHV	Exit	ISHARES TRUST SHORT TREAS BONDetf	$0	–	-2,200	–	-0.02%	–
TFC	Exit	TRUIST FINL CORP COM	$0	–	-4,277	–	-0.02%	–
MCD	Exit	MC DONALDS CORP	$0	–	-1,107	–	-0.02%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-1,900	–	-0.02%	–
MOAT	Exit	VANECK VECTORS MORNINGSTAR WIDetf	$0	–	-3,650	–	-0.02%	–
MA	Exit	MASTERCARD INC	$0	–	-790	–	-0.03%	–
UNH	Exit	UNITEDHEALTH GROUP	$0	–	-885	–	-0.03%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,090	–	-0.03%	–
DIS	Exit	DISNEY WALT CO	$0	–	-2,176	–	-0.04%	–
ABBV	Exit	ABBVIE INC	$0	–	-3,503	–	-0.04%	–
VTIP	Exit	VANGUARD SHORT-TERM TIPSetf	$0	–	-7,500	–	-0.04%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-4,408	–	-0.05%	–
VOO	Exit	VANGUARD S&P 500 ETF NEWetf	$0	–	-1,352	–	-0.05%	–
BRKB	Exit	BERKSHIRE HATHAWAYINC DEL CL	$0	–	-2,125	–	-0.06%	–
SUB	Exit	ISHARES TR S&P MUNI FUNDetf	$0	–	-5,750	–	-0.06%	–
CHD	Exit	CHURCH&DWIGHT CO INC	$0	–	-8,530	–	-0.07%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-4,720	–	-0.07%	–
USB	Exit	US BANCORP	$0	–	-15,626	–	-0.09%	–
FDS	Exit	FACTSET RESEARCH SYSTEMS INC	$0	–	-3,400	–	-0.13%	–
AAPL	Exit	APPLE INC	$0	–	-9,637	–	-0.13%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-8,782	–	-0.17%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-11,703	–	-0.18%	–
VGSH	Exit	VANGUARD SHORT TERM GOVT TREASetf	$0	–	-30,916	–	-0.18%	–
SPSB	Exit	SPDR SHORT-TERM CORP BONDetf	$0	–	-75,777	–	-0.22%	–
GVI	Exit	ISHARES INTERMEDIATE GOVCREDITetf	$0	–	-24,765	–	-0.27%	–
FLOT	Exit	ISHARES TR FLTG RATE NT ETFetf	$0	–	-56,025	–	-0.27%	–
AME	Exit	AMETEK AEROSPACE PRODUCTS	$0	–	-26,695	–	-0.32%	–
BIV	Exit	VANGUARD INTERMEDIATE BONDetf	$0	–	-40,425	–	-0.34%	–
VTEB	Exit	VANGUARD TAX-EXEMPT BOND INDEXetf	$0	–	-109,655	–	-0.57%	–
VEEV	Exit	VEEVA SYSTEMS	$0	–	-24,904	–	-0.68%	–
PRLB	Exit	PROTO LABS INC	$0	–	-110,441	–	-0.70%	–
IEI	Exit	ISHARES 3-7 YEAR TREASURY BONDetf	$0	–	-57,060	–	-0.71%	–
VGIT	Exit	VANGUARD INTER-TERM TREASURY Ietf	$0	–	-125,697	–	-0.81%	–
BND	Exit	VANGUARD TOTAL BOND MKTetf	$0	–	-101,677	–	-0.83%	–
MUB	Exit	ISHARES NATIONAL MUNIetf	$0	–	-75,254	–	-0.83%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-3,883	–	-0.99%	–
IGSB	Exit	ISHARES TR SHORT-TERM CORP BDetf	$0	–	-199,814	–	-1.04%	–
WAB	Exit	WABTEC COM	$0	–	-159,968	–	-1.31%	–
VUSB	Exit	VANGUARD ULTRA SHORT BOND ETFetf	$0	–	-292,673	–	-1.40%	–
ALGT	Exit	ALLEGIANT TRAVEL CO	$0	–	-89,899	–	-1.67%	–
CERN	Exit	CERNER CORPORATION	$0	–	-250,889	–	-1.68%	–
BKNG	Exit	BOOKING HOLDINGS INC COM	$0	–	-7,533	–	-1.70%	–
ALC	Exit	ALCON INC.	$0	–	-222,911	–	-1.71%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-76,833	–	-1.91%	–
ILMN	Exit	ILLUMINA INC	$0	–	-52,899	–	-2.04%	–
SSNC	Exit	SS&C TECHNOLOGIES HOLDINGS	$0	–	-311,186	–	-2.06%	–
NVDA	Exit	NVIDIA CORP	$0	–	-106,422	–	-2.10%	–
FTV	Exit	FORTIVE CORP COM	$0	–	-318,316	–	-2.14%	–
FAST	Exit	FASTENAL COMPANY	$0	–	-440,395	–	-2.16%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-7,092	–	-2.22%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-361,669	–	-2.27%	–
QCOM	Exit	QUALCOMM INC	$0	–	-189,321	–	-2.32%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-54,874	–	-2.33%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-118,790	–	-2.34%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-226,576	–	-2.38%	–
ECL	Exit	ECOLAB INCORPORATED	$0	–	-120,464	–	-2.39%	–
SYK	Exit	STRYKER CORP	$0	–	-95,450	–	-2.40%	–
IDXX	Exit	IDEXX LAB INC	$0	–	-40,771	–	-2.41%	–
PTC	Exit	PTC INC	$0	–	-217,885	–	-2.48%	–
ANSS	Exit	ANSYS INC	$0	–	-77,589	–	-2.51%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-59,723	–	-2.61%	–
ORCL	Exit	ORACLE CORP	$0	–	-327,302	–	-2.71%	–
FISV	Exit	FISERV INCORPORATED	$0	–	-265,646	–	-2.74%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-11,737	–	-2.98%	–
NOW	Exit	SERVICENOW INC	$0	–	-50,822	–	-3.01%	–
SHY	Exit	ISHARES LEHMAN 1-3 YR TREAS BOetf	$0	–	-375,674	–	-3.08%	–
RMD	Exit	RESMED INC	$0	–	-137,402	–	-3.45%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-144,641	–	-3.58%	–
ADBE	Exit	ADOBE INC	$0	–	-66,930	–	-3.67%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-162,436	–	-4.36%	–
DHR	Exit	DANAHER CORP	$0	–	-153,873	–	-4.46%	–
VCSH	Exit	VANGUARD SHORT-TERM CORPORATEetf	$0	–	-660,415	–	-5.18%	–

Q3 2021

			Value		Shares		↓ Weighting
VCSH	Buy	VANGUARD SHORT-TERM CORPORATEetf	$54,425,000	+0.1%	660,415	+0.4%	5.18%	-0.1%
DHR	Sell	DANAHER CORP	$46,845,000	+11.7%	153,873	-1.5%	4.46%	+11.5%
MSFT	Sell	MICROSOFT CORP	$45,794,000	+2.8%	162,436	-1.2%	4.36%	+2.7%
ADBE	Sell	ADOBE INC	$38,533,000	-2.4%	66,930	-0.7%	3.67%	-2.6%
PYPL	Sell	PAYPAL HOLDINGS INC	$37,637,000	-11.0%	144,641	-0.3%	3.58%	-11.1%
RMD	Sell	RESMED INC	$36,212,000	+3.3%	137,402	-3.3%	3.45%	+3.1%
SHY	Sell	ISHARES LEHMAN 1-3 YR TREAS BOetf	$32,364,000	-0.2%	375,674	-0.2%	3.08%	-0.4%
NOW	Sell	SERVICENOW INC	$31,625,000	+12.2%	50,822	-1.0%	3.01%	+12.0%
GOOG	Sell	ALPHABET INC CL C	$31,283,000	+4.2%	11,737	-2.0%	2.98%	+4.0%
FISV	Buy	FISERV INCORPORATED	$28,823,000	+6.0%	265,646	+4.4%	2.74%	+5.7%
ORCL	Sell	ORACLE CORP	$28,518,000	+11.1%	327,302	-0.8%	2.71%	+10.9%
TYL	Buy	TYLER TECHNOLOGIES INC	$27,392,000	+1.5%	59,723	+0.1%	2.61%	+1.3%
ANSS	Sell	ANSYS INC	$26,415,000	-1.9%	77,589	-0.0%	2.51%	-2.1%
PTC	Buy	PTC INC	$26,100,000	-14.4%	217,885	+0.9%	2.48%	-14.6%
IDXX	Sell	IDEXX LAB INC	$25,355,000	-2.1%	40,771	-0.6%	2.41%	-2.3%
SYK	Sell	STRYKER CORP	$25,172,000	+1.3%	95,450	-0.2%	2.40%	+1.2%
ECL	Buy	ECOLAB INCORPORATED	$25,131,000	+2.2%	120,464	+0.9%	2.39%	+2.0%
SBUX	Sell	STARBUCKS CORP	$24,994,000	-1.6%	226,576	-0.2%	2.38%	-1.7%
ITW	Buy	ILLINOIS TOOL WORKS INC	$24,546,000	-7.0%	118,790	+0.6%	2.34%	-7.2%
ROP	Buy	ROPER TECHNOLOGIES INC	$24,481,000	-5.0%	54,874	+0.1%	2.33%	-5.1%
QCOM	Buy	QUALCOMM INC	$24,419,000	-9.5%	189,321	+0.3%	2.32%	-9.6%
TJX	Sell	TJX COMPANIES INC	$23,863,000	-2.2%	361,669	-0.0%	2.27%	-2.3%
AMZN	Buy	AMAZON.COM INC	$23,298,000	-3.9%	7,092	+0.6%	2.22%	-4.1%
FAST	Sell	FASTENAL COMPANY	$22,729,000	-1.8%	440,395	-1.0%	2.16%	-1.9%
FTV	Buy	FORTIVE CORP COM	$22,464,000	+2.6%	318,316	+1.4%	2.14%	+2.4%
NVDA	Buy	NVIDIA CORP	$22,046,000	+4.4%	106,422	+303.2%	2.10%	+4.2%
SSNC	Buy	SS&C TECHNOLOGIES HOLDINGS	$21,596,000	-2.4%	311,186	+1.4%	2.06%	-2.6%
ILMN	Buy	ILLUMINA INC	$21,456,000	-13.7%	52,899	+0.7%	2.04%	-13.9%
FLT	Buy	FLEETCOR TECHNOLOGIES INC	$20,074,000	+3.3%	76,833	+1.3%	1.91%	+3.1%
ALC	Sell	ALCON INC.	$17,938,000	+14.5%	222,911	-0.0%	1.71%	+14.3%
BKNG	Sell	BOOKING HOLDINGS INC COM	$17,882,000	+7.0%	7,533	-1.4%	1.70%	+6.8%
CERN	Buy	CERNER CORPORATION	$17,693,000	-7.8%	250,889	+2.2%	1.68%	-8.0%
ALGT	Buy	ALLEGIANT TRAVEL CO	$17,573,000	+10.7%	89,899	+9.9%	1.67%	+10.4%
VUSB	Buy	VANGUARD ULTRA SHORT BOND ETFetf	$14,675,000	+66.9%	292,673	+66.8%	1.40%	+66.7%
WAB	Buy	WABTEC COM	$13,791,000	+6.8%	159,968	+1.9%	1.31%	+6.6%
GOOGL	Sell	ALPHABET INC CL A	$10,381,000	+1.7%	3,883	-7.1%	0.99%	+1.5%
BND	Sell	VANGUARD TOTAL BOND MKTetf	$8,688,000	-2.5%	101,677	-2.0%	0.83%	-2.6%
VGIT	Sell	VANGUARD INTER-TERM TREASURY Ietf	$8,491,000	-2.0%	125,697	-1.6%	0.81%	-2.2%
IEI	Sell	ISHARES 3-7 YEAR TREASURY BONDetf	$7,428,000	-1.1%	57,060	-0.8%	0.71%	-1.3%
PRLB	Buy	PROTO LABS INC	$7,355,000	-24.7%	110,441	+3.8%	0.70%	-24.8%
VEEV	Buy	VEEVA SYSTEMS	$7,177,000	-3.0%	24,904	+4.6%	0.68%	-3.3%
VTEB	Buy	VANGUARD TAX-EXEMPT BOND INDEXetf	$6,006,000	+3.3%	109,655	+4.3%	0.57%	+3.2%
BIV	Sell	VANGUARD INTERMEDIATE BONDetf	$3,616,000	-5.3%	40,425	-4.8%	0.34%	-5.5%
AME	Sell	AMETEK AEROSPACE PRODUCTS	$3,310,000	-10.5%	26,695	-3.6%	0.32%	-10.5%
FLOT	Sell	ISHARES TR FLTG RATE NT ETFetf	$2,848,000	-1.2%	56,025	-1.2%	0.27%	-1.5%
GVI	Sell	ISHARES INTERMEDIATE GOVCREDITetf	$2,851,000	-0.8%	24,765	-0.3%	0.27%	-1.1%
SPSB	Sell	SPDR SHORT-TERM CORP BONDetf	$2,368,000	-1.6%	75,777	-1.4%	0.22%	-1.7%
JNJ	Sell	JOHNSON & JOHNSON	$1,890,000	-4.8%	11,703	-2.9%	0.18%	-4.8%
ADP	Sell	AUTOMATIC DATA PROCESSING INC	$1,756,000	-6.1%	8,782	-6.7%	0.17%	-6.2%
USB	Sell	US BANCORP	$929,000	+2.8%	15,626	-1.6%	0.09%	+2.3%
PEP	Sell	PEPSICO INCORPORATED	$710,000	-3.1%	4,720	-4.6%	0.07%	-2.9%
CHD	Sell	CHURCH&DWIGHT CO INC	$704,000	-14.9%	8,530	-12.1%	0.07%	-15.2%
VOO	Sell	VANGUARD S&P 500 ETF NEWetf	$533,000	-12.9%	1,352	-13.0%	0.05%	-12.1%
ABBV	Sell	ABBVIE INC	$378,000	-27.9%	3,503	-24.7%	0.04%	-28.0%
MOAT	Sell	VANECK VECTORS MORNINGSTAR WIDetf	$267,000	-17.1%	3,650	-16.1%	0.02%	-19.4%
TFC	Sell	TRUIST FINL CORP COM	$251,000	+3.3%	4,277	-2.3%	0.02%	+4.3%
AMGN	Sell	AMGEN INC	$243,000	-23.8%	1,142	-12.6%	0.02%	-23.3%
MRK	Sell	MERCK & CO INC NEW	$215,000	-10.0%	2,868	-6.5%	0.02%	-13.0%
	Exit	INVESCO INTL SMALL-MID FUNDetf	$0	–	-3,966	–	-0.02%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-2,785	–	-0.02%	–
SMG	Exit	SCOTTS COMPANY	$0	–	-1,175	–	-0.02%	–
CDK	Exit	CDK GLOBAL INC	$0	–	-4,800	–	-0.02%	–
MMM	Exit	3M COMPANY	$0	–	-1,500	–	-0.03%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-4,975	–	-0.03%	–

Q2 2021

			Value		Shares		↓ Weighting
VCSH	New	VANGUARD SHORT-TERM CORPORATEetf	$54,383,000	–	657,515	–	5.18%	–
MSFT	New	MICROSOFT CORP	$44,526,000	–	164,364	–	4.24%	–
PYPL	New	PAYPAL HOLDINGS INC	$42,279,000	–	145,049	–	4.03%	–
DHR	New	DANAHER CORP	$41,921,000	–	156,211	–	4.00%	–
ADBE	New	ADOBE INC	$39,472,000	–	67,400	–	3.76%	–
RMD	New	RESMED INC	$35,041,000	–	142,143	–	3.34%	–
SHY	New	ISHARES LEHMAN 1-3 YR TREAS BOetf	$32,422,000	–	376,304	–	3.09%	–
PTC	New	PTC INC	$30,493,000	–	215,866	–	2.91%	–
GOOG	New	ALPHABET INC CL C	$30,026,000	–	11,980	–	2.86%	–
NOW	New	SERVICENOW INC	$28,197,000	–	51,310	–	2.69%	–
FISV	New	FISERV INCORPORATED	$27,203,000	–	254,491	–	2.59%	–
TYL	New	TYLER TECHNOLOGIES INC	$26,984,000	–	59,651	–	2.57%	–
QCOM	New	QUALCOMM INC	$26,980,000	–	188,762	–	2.57%	–
ANSS	New	ANSYS INC	$26,928,000	–	77,590	–	2.57%	–
ITW	New	ILLINOIS TOOL WORKS INC	$26,396,000	–	118,071	–	2.52%	–
IDXX	New	IDEXX LAB INC	$25,893,000	–	40,999	–	2.47%	–
ROP	New	ROPER TECHNOLOGIES INC	$25,765,000	–	54,795	–	2.46%	–
ORCL	New	ORACLE CORP	$25,675,000	–	329,840	–	2.45%	–
SBUX	New	STARBUCKS CORP	$25,393,000	–	227,106	–	2.42%	–
ILMN	New	ILLUMINA INC	$24,868,000	–	52,552	–	2.37%	–
SYK	New	STRYKER CORP	$24,842,000	–	95,644	–	2.37%	–
ECL	New	ECOLAB INCORPORATED	$24,597,000	–	119,419	–	2.34%	–
TJX	New	TJX COMPANIES INC	$24,388,000	–	361,736	–	2.32%	–
AMZN	New	AMAZON.COM INC	$24,246,000	–	7,048	–	2.31%	–
FAST	New	FASTENAL COMPANY	$23,135,000	–	444,913	–	2.21%	–
SSNC	New	SS&C TECHNOLOGIES HOLDINGS	$22,121,000	–	306,983	–	2.11%	–
FTV	New	FORTIVE CORP COM	$21,898,000	–	314,001	–	2.09%	–
NVDA	New	NVIDIA CORP	$21,118,000	–	26,394	–	2.01%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$19,429,000	–	75,877	–	1.85%	–
CERN	New	CERNER CORPORATION	$19,194,000	–	245,573	–	1.83%	–
BKNG	New	BOOKING HOLDINGS INC COM	$16,717,000	–	7,640	–	1.59%	–
ALGT	New	ALLEGIANT TRAVEL CO	$15,876,000	–	81,833	–	1.51%	–
ALC	New	ALCON INC.	$15,664,000	–	222,938	–	1.49%	–
WAB	New	WABTEC COM	$12,918,000	–	156,968	–	1.23%	–
IGSB	New	ISHARES TR SHORT-TERM CORP BDetf	$10,952,000	–	199,814	–	1.04%	–
GOOGL	New	ALPHABET INC CL A	$10,209,000	–	4,181	–	0.97%	–
PRLB	New	PROTO LABS INC	$9,763,000	–	106,351	–	0.93%	–
BND	New	VANGUARD TOTAL BOND MKTetf	$8,907,000	–	103,702	–	0.85%	–
MUB	New	ISHARES NATIONAL MUNIetf	$8,820,000	–	75,254	–	0.84%	–
VUSB	New	VANGUARD ULTRA SHORT BOND ETFetf	$8,791,000	–	175,430	–	0.84%	–
VGIT	New	VANGUARD INTER-TERM TREASURY Ietf	$8,664,000	–	127,767	–	0.83%	–
IEI	New	ISHARES 3-7 YEAR TREASURY BONDetf	$7,507,000	–	57,515	–	0.72%	–
VEEV	New	VEEVA SYSTEMS	$7,401,000	–	23,800	–	0.71%	–
VTEB	New	VANGUARD TAX-EXEMPT BOND INDEXetf	$5,815,000	–	105,155	–	0.55%	–
BIV	New	VANGUARD INTERMEDIATE BONDetf	$3,819,000	–	42,450	–	0.36%	–
AME	New	AMETEK AEROSPACE PRODUCTS	$3,697,000	–	27,695	–	0.35%	–
FLOT	New	ISHARES TR FLTG RATE NT ETFetf	$2,883,000	–	56,725	–	0.28%	–
GVI	New	ISHARES INTERMEDIATE GOVCREDITetf	$2,873,000	–	24,850	–	0.27%	–
SPSB	New	SPDR SHORT-TERM CORP BONDetf	$2,406,000	–	76,877	–	0.23%	–
JNJ	New	JOHNSON & JOHNSON	$1,986,000	–	12,053	–	0.19%	–
VGSH	New	VANGUARD SHORT TERM GOVT TREASetf	$1,899,000	–	30,916	–	0.18%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$1,870,000	–	9,417	–	0.18%	–
AAPL	New	APPLE INC	$1,320,000	–	9,637	–	0.13%	–
FDS	New	FACTSET RESEARCH SYSTEMS INC	$1,141,000	–	3,400	–	0.11%	–
USB	New	US BANCORP	$904,000	–	15,876	–	0.09%	–
CHD	New	CHURCH&DWIGHT CO INC	$827,000	–	9,702	–	0.08%	–
PEP	New	PEPSICO INCORPORATED	$733,000	–	4,945	–	0.07%	–
SUB	New	ISHARES TR S&P MUNI FUNDetf	$620,000	–	5,750	–	0.06%	–
VOO	New	VANGUARD S&P 500 ETF NEWetf	$612,000	–	1,554	–	0.06%	–
BRKB	New	BERKSHIRE HATHAWAYINC DEL CL	$591,000	–	2,125	–	0.06%	–
ABBV	New	ABBVIE INC	$524,000	–	4,653	–	0.05%	–
ABT	New	ABBOTT LABORATORIES	$511,000	–	4,408	–	0.05%	–
VTIP	New	VANGUARD SHORT-TERM TIPSetf	$393,000	–	7,500	–	0.04%	–
DIS	New	DISNEY WALT CO	$382,000	–	2,176	–	0.04%	–
UNH	New	UNITEDHEALTH GROUP	$354,000	–	885	–	0.03%	–
HD	New	HOME DEPOT INC	$347,000	–	1,090	–	0.03%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$332,000	–	4,975	–	0.03%	–
MOAT	New	VANECK VECTORS MORNINGSTAR WIDetf	$322,000	–	4,350	–	0.03%	–
AMGN	New	AMGEN INC	$319,000	–	1,307	–	0.03%	–
MMM	New	3M COMPANY	$298,000	–	1,500	–	0.03%	–
MA	New	MASTERCARD INC	$288,000	–	790	–	0.03%	–
MCD	New	MC DONALDS CORP	$256,000	–	1,107	–	0.02%	–
PG	New	PROCTER & GAMBLE COMPANY	$256,000	–	1,900	–	0.02%	–
MRK	New	MERCK & CO INC NEW	$239,000	–	3,068	–	0.02%	–
CDK	New	CDK GLOBAL INC	$239,000	–	4,800	–	0.02%	–
TFC	New	TRUIST FINL CORP COM	$243,000	–	4,377	–	0.02%	–
SHV	New	ISHARES TRUST SHORT TREAS BONDetf	$243,000	–	2,200	–	0.02%	–
JPM	New	JPMORGAN CHASE & CO	$233,000	–	1,501	–	0.02%	–
SMG	New	SCOTTS COMPANY	$226,000	–	1,175	–	0.02%	–
CL	New	COLGATE-PALMOLIVE CO	$227,000	–	2,785	–	0.02%	–
	New	INVESCO INTL SMALL-MID FUNDetf	$233,000	–	3,966	–	0.02%	–
EW	New	EDWARDS LIFESCIENCES CORP	$222,000	–	2,148	–	0.02%	–
	New	OAKMARK FUNDetf	$205,000	–	1,810	–	0.02%	–

Q4 2020

			Value		Shares		↓ Weighting
PFE	Exit	PFIZER INCORPORATED	$0	–	-5,900	–	-0.03%	–
	Exit	OAKMARK FUNDetf	$0	–	-3,259	–	-0.03%	–
CDK	Exit	CDK GLOBAL INC	$0	–	-5,682	–	-0.03%	–
MCD	Exit	MC DONALDS CORP	$0	–	-1,107	–	-0.03%	–
VOO	Exit	VANGUARD S&P 500 ETF NEWetf	$0	–	-807	–	-0.03%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,903	–	-0.03%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-1,990	–	-0.03%	–
SPY	Exit	S P D R S&P 500 ETF TR EXPIRINetf	$0	–	-975	–	-0.04%	–
BRKB	Exit	BERKSHIRE HATHAWAYINC DEL CL	$0	–	-1,561	–	-0.04%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-3,343	–	-0.04%	–
MA	Exit	MASTERCARD INC	$0	–	-1,090	–	-0.04%	–
VTIP	Exit	VANGUARD SHORT-TERM TIPSetf	$0	–	-7,500	–	-0.05%	–
IEF	Exit	ISHARES TR BOND 7-10 YR TREASUetf	$0	–	-3,370	–	-0.05%	–
SUB	Exit	ISHARES TR S&P MUNI FUNDetf	$0	–	-5,750	–	-0.08%	–
USB	Exit	US BANCORP	$0	–	-17,651	–	-0.08%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-4,701	–	-0.08%	–
AOS	Exit	SMITH A O CORP COMMON	$0	–	-15,246	–	-0.10%	–
CHD	Exit	CHURCH&DWIGHT CO INC	$0	–	-8,900	–	-0.10%	–
AAPL	Exit	APPLE INC	$0	–	-8,337	–	-0.12%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-9,376	–	-0.17%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-11,045	–	-0.19%	–
SPSB	Exit	SPDR SHORT-TERM CORP BONDetf	$0	–	-80,332	–	-0.31%	–
AME	Exit	AMETEK AEROSPACE PRODUCTS	$0	–	-29,832	–	-0.36%	–
GVI	Exit	ISHARES INTERMEDIATE GOVCREDITetf	$0	–	-25,755	–	-0.37%	–
BIV	Exit	VANGUARD INTERMEDIATE BONDetf	$0	–	-41,765	–	-0.48%	–
SHY	Exit	ISHARES LEHMAN 1-3 YR TREAS BOetf	$0	–	-49,154	–	-0.52%	–
VTEB	Exit	VANGUARD TAX-EXEMPT BONDINDEXetf	$0	–	-97,155	–	-0.64%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-4,766	–	-0.85%	–
MUB	Exit	ISHARES NATIONAL MUNIetf	$0	–	-75,704	–	-1.07%	–
WAB	Exit	WABTEC COM	$0	–	-147,278	–	-1.11%	–
VGIT	Exit	VANGUARD INTER-TERM TREASURY Ietf	$0	–	-129,417	–	-1.11%	–
BND	Exit	VANGUARD TOTAL BOND MKTetf	$0	–	-107,677	–	-1.16%	–
ALGT	Exit	ALLEGIANT TRAVEL CO	$0	–	-81,418	–	-1.19%	–
IEI	Exit	ISHARES 3-7 YEAR TREASURY BONDetf	$0	–	-83,115	–	-1.35%	–
IGSB	Exit	ISHARES TR SHORT-TERM CORP BDetf	$0	–	-202,989	–	-1.36%	–
BKNG	Exit	BOOKING HOLDINGS INC COM	$0	–	-7,338	–	-1.53%	–
ALC	Exit	ALCON INC.	$0	–	-222,265	–	-1.54%	–
FLOT	Exit	ISHARES TR FLTG RATE NT ETFetf	$0	–	-281,835	–	-1.74%	–
ILMN	Exit	ILLUMINA INC	$0	–	-47,299	–	-1.78%	–
IDXX	Exit	IDEXX LAB INC	$0	–	-38,302	–	-1.84%	–
FTV	Exit	FORTIVE CORP COM	$0	–	-204,991	–	-1.90%	–
PRLB	Exit	PROTO LABS INC	$0	–	-120,796	–	-1.91%	–
FLT	Exit	FLEETCOR TECHNOLOGIES INC	$0	–	-69,432	–	-2.02%	–
CERN	Exit	CERNER CORPORATION	$0	–	-233,351	–	-2.06%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-12,038	–	-2.16%	–
FDS	Exit	FACTSET RESEARCH SYSTEMS INC	$0	–	-53,486	–	-2.18%	–
SSNC	Exit	SS&C TECHNOLOGIES HOLDINGS	$0	–	-299,388	–	-2.21%	–
PTC	Exit	PTC INC	$0	–	-224,527	–	-2.26%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-224,294	–	-2.35%	–
ORCL	Exit	ORACLE CORP	$0	–	-324,130	–	-2.36%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-350,923	–	-2.38%	–
SYK	Exit	STRYKER CORP	$0	–	-93,778	–	-2.38%	–
FAST	Exit	FASTENAL COMPANY	$0	–	-441,373	–	-2.43%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-51,792	–	-2.50%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-59,284	–	-2.52%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-6,774	–	-2.60%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-112,994	–	-2.66%	–
ECL	Exit	ECOLAB INCORPORATED	$0	–	-114,145	–	-2.78%	–
QCOM	Exit	QUALCOMM INC	$0	–	-194,348	–	-2.79%	–
RMD	Exit	RESMED INC	$0	–	-143,955	–	-3.01%	–
NOW	Exit	SERVICENOW INC	$0	–	-50,894	–	-3.01%	–
FISV	Exit	FISERV INCORPORATED	$0	–	-246,090	–	-3.09%	–
ANSS	Exit	ANSYS INC	$0	–	-81,249	–	-3.24%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-161,052	–	-3.87%	–
ADBE	Exit	ADOBE INC	$0	–	-65,765	–	-3.93%	–
DHR	Exit	DANAHER CORP	$0	–	-158,374	–	-4.16%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-164,464	–	-4.22%	–
VCSH	Exit	VANGUARD SHORT-TERM CORPORATEetf	$0	–	-528,870	–	-5.34%	–

Q3 2020

			Value		Shares		↓ Weighting
VCSH	Buy	VANGUARD SHORT-TERM CORPORATEetf	$43,817,000	+15.1%	528,870	+14.8%	5.34%	+8.6%
MSFT	Sell	MICROSOFT CORPORATION	$34,592,000	-4.1%	164,464	-7.2%	4.22%	-9.5%
DHR	Sell	DANAHER CORP	$34,103,000	+16.8%	158,374	-4.1%	4.16%	+10.3%
ADBE	Sell	ADOBE INC	$32,253,000	-0.3%	65,765	-11.5%	3.93%	-5.8%
PYPL	Sell	PAYPAL HOLDINGS INC	$31,732,000	-4.1%	161,052	-15.2%	3.87%	-9.5%
ANSS	Sell	ANSYS INC	$26,587,000	+7.7%	81,249	-4.0%	3.24%	+1.7%
FISV	Sell	FISERV INCORPORATED	$25,360,000	+4.8%	246,090	-0.7%	3.09%	-1.0%
NOW	Sell	SERVICENOW INC	$24,684,000	+9.3%	50,894	-8.7%	3.01%	+3.2%
RMD	Sell	RESMED INC	$24,678,000	-16.2%	143,955	-6.1%	3.01%	-20.9%
QCOM	Sell	QUALCOMM INC	$22,871,000	+20.2%	194,348	-6.9%	2.79%	+13.5%
ECL	Sell	ECOLAB INCORPORATED	$22,811,000	-0.9%	114,145	-1.4%	2.78%	-6.4%
ITW	Sell	ILLINOIS TOOL WORKS INC	$21,832,000	+8.4%	112,994	-1.9%	2.66%	+2.3%
AMZN	Sell	AMAZON.COM INC	$21,329,000	+8.9%	6,774	-4.6%	2.60%	+2.8%
TYL	Sell	TYLER TECHNOLOGIES INC	$20,664,000	-2.3%	59,284	-2.8%	2.52%	-7.8%
ROP	Sell	ROPER TECHNOLOGIES INC	$20,464,000	-0.8%	51,792	-2.6%	2.50%	-6.3%
FAST	Sell	FASTENAL COMPANY	$19,902,000	+2.2%	441,373	-2.9%	2.43%	-3.5%
SYK	Sell	STRYKER CORP	$19,541,000	+14.7%	93,778	-0.8%	2.38%	+8.3%
TJX	Buy	TJX COMPANIES INC	$19,529,000	+10.3%	350,923	+0.2%	2.38%	+4.2%
ORCL	Sell	ORACLE CORP	$19,351,000	+5.9%	324,130	-1.9%	2.36%	+0.0%
SBUX	Sell	STARBUCKS CORP	$19,271,000	+14.6%	224,294	-1.9%	2.35%	+8.1%
PTC	Sell	PTC INC	$18,573,000	+5.8%	224,527	-0.5%	2.26%	-0.1%
SSNC	Sell	SS&C TECHNOLOGIES HOLDINGS	$18,119,000	+4.9%	299,388	-2.1%	2.21%	-0.9%
FDS	Sell	FACTSET RESEARCH SYSTEMS INC	$17,911,000	-1.8%	53,486	-3.6%	2.18%	-7.3%
GOOG	Sell	ALPHABET INC CL C	$17,691,000	+0.8%	12,038	-3.1%	2.16%	-4.9%
CERN	Sell	CERNER CORPORATION	$16,869,000	+4.5%	233,351	-0.9%	2.06%	-1.3%
FLT	Buy	FLEETCOR TECHNOLOGIES INC	$16,532,000	-0.5%	69,432	+5.1%	2.02%	-6.1%
PRLB	Sell	PROTO LABS INC	$15,643,000	+12.2%	120,796	-2.6%	1.91%	+5.9%
FTV	Sell	FORTIVE CORP COM	$15,622,000	+12.1%	204,991	-0.5%	1.90%	+5.8%
IDXX	Buy	IDEXX LAB INC	$15,057,000	+25.6%	38,302	+5.5%	1.84%	+18.6%
ILMN	Buy	ILLUMINA INC	$14,619,000	-10.8%	47,299	+6.9%	1.78%	-15.8%
FLOT	Sell	ISHARES TR FLTG RATE NT ETFetf	$14,295,000	+0.0%	281,835	-0.2%	1.74%	-5.5%
ALC	Buy	ALCON INC.	$12,658,000	+15.7%	222,265	+16.4%	1.54%	+9.2%
BKNG	Buy	BOOKING HOLDINGS INC COM	$12,553,000	+27.3%	7,338	+18.5%	1.53%	+20.2%
IGSB	Sell	ISHARES TR SHORT-TERM CORP BDetf	$11,146,000	+0.3%	202,989	-0.0%	1.36%	-5.2%
IEI	Buy	ISHARES 3-7 YEAR TREASURY BONDetf	$11,103,000	+11.7%	83,115	+11.8%	1.35%	+5.5%
ALGT	Buy	ALLEGIANT TRAVEL CO	$9,754,000	+38.6%	81,418	+26.4%	1.19%	+30.9%
VGIT	Buy	VANGUARD INTER-TERM TREASURY Ietf	$9,121,000	+8.2%	129,417	+8.3%	1.11%	+2.1%
WAB	Buy	WABTEC COM	$9,114,000	+11.8%	147,278	+4.0%	1.11%	+5.5%
GOOGL	Sell	ALPHABET INC CL A	$6,985,000	-1.3%	4,766	-4.5%	0.85%	-6.9%
SHY	Buy	ISHARES LEHMAN 1-3 YR TREAS BOetf	$4,252,000	+13.1%	49,154	+13.3%	0.52%	+6.8%
BIV	New	VANGUARD INTERMEDIATE BONDetf	$3,904,000	–	41,765	–	0.48%	–
GVI	Buy	ISHARES INTERMEDIATE GOVCREDITetf	$3,032,000	+50.7%	25,755	+50.7%	0.37%	+42.3%
AME	Sell	AMETEK AEROSPACE PRODUCTS	$2,965,000	+9.9%	29,832	-1.2%	0.36%	+3.7%
ADP	Sell	AUTOMATIC DATA PROCESSING INC	$1,541,000	-15.0%	11,045	-9.2%	0.19%	-19.7%
JNJ	Sell	JOHNSON & JOHNSON	$1,396,000	+4.7%	9,376	-1.1%	0.17%	-1.2%
AAPL	Buy	APPLE INC	$966,000	+9.5%	8,337	+244.8%	0.12%	+3.5%
CHD	Sell	CHURCH&DWIGHT CO INC	$834,000	-22.3%	8,900	-36.0%	0.10%	-26.6%
AOS	Sell	SMITH A O CORP COMMON	$805,000	+7.8%	15,246	-3.8%	0.10%	+2.1%
PEP	Sell	PEPSICO INCORPORATED	$652,000	-1.4%	4,701	-6.0%	0.08%	-7.1%
USB	Sell	US BANCORP	$633,000	-3.2%	17,651	-0.6%	0.08%	-8.3%
IEF	Sell	ISHARES TR BOND 7-10 YR TREASUetf	$411,000	-18.1%	3,370	-18.2%	0.05%	-23.1%
SPY	Sell	S P D R S&P 500 ETF TR EXPIRINetf	$327,000	+7.6%	975	-1.2%	0.04%	+2.6%
BRKB	Buy	BERKSHIRE HATHAWAYINC DEL CL	$332,000	+27.2%	1,561	+6.8%	0.04%	+17.6%
PG	Sell	PROCTER & GAMBLE COMPANY	$277,000	+13.5%	1,990	-2.5%	0.03%	+9.7%
VOO	Buy	VANGUARD S&P 500 ETF NEWetf	$248,000	+9.7%	807	+1.3%	0.03%	+3.4%
CDK	Sell	CDK GLOBAL INC	$248,000	+4.6%	5,682	-0.7%	0.03%	-3.2%
	New	OAKMARK FUNDetf	$237,000	–	3,259	–	0.03%	–
PFE	New	PFIZER INCORPORATED	$217,000	–	5,900	–	0.03%	–

Q2 2020

			Value		Shares		↓ Weighting
VCSH	New	VANGUARD SHORT-TERM CORPORATEetf	$38,083,000	–	460,713	–	4.92%	–
MSFT	New	MICROSOFT CORPORATION	$36,082,000	–	177,300	–	4.66%	–
PYPL	New	PAYPAL HOLDINGS INC	$33,105,000	–	190,007	–	4.27%	–
ADBE	New	ADOBE INC	$32,349,000	–	74,313	–	4.18%	–
RMD	New	RESMED INC	$29,444,000	–	153,352	–	3.80%	–
DHR	New	DANAHER CORP	$29,196,000	–	165,108	–	3.77%	–
ANSS	New	ANSYS INC	$24,679,000	–	84,597	–	3.19%	–
FISV	New	FISERV INCORPORATED	$24,191,000	–	247,805	–	3.12%	–
ECL	New	ECOLAB INCORPORATED	$23,021,000	–	115,710	–	2.97%	–
NOW	New	SERVICENOW INC	$22,580,000	–	55,745	–	2.92%	–
TYL	New	TYLER TECHNOLOGIES INC	$21,154,000	–	60,983	–	2.73%	–
ROP	New	ROPER TECHNOLOGIES INC	$20,638,000	–	53,155	–	2.66%	–
ITW	New	ILLINOIS TOOL WORKS INC	$20,147,000	–	115,225	–	2.60%	–
AMZN	New	AMAZON.COM INC	$19,590,000	–	7,101	–	2.53%	–
FAST	New	FASTENAL COMPANY	$19,483,000	–	454,778	–	2.52%	–
QCOM	New	QUALCOMM INC	$19,033,000	–	208,673	–	2.46%	–
ORCL	New	ORACLE CORP	$18,267,000	–	330,505	–	2.36%	–
FDS	New	FACTSET RESEARCH SYSTEMS INC	$18,233,000	–	55,510	–	2.35%	–
TJX	New	TJX COMPANIES INC	$17,699,000	–	350,068	–	2.28%	–
GOOG	New	ALPHABET INC CL C	$17,558,000	–	12,421	–	2.27%	–
PTC	New	PTC INC	$17,561,000	–	225,755	–	2.27%	–
SSNC	New	SS&C TECHNOLOGIES HOLDINGS	$17,268,000	–	305,743	–	2.23%	–
SYK	New	STRYKER CORP	$17,030,000	–	94,511	–	2.20%	–
SBUX	New	STARBUCKS CORP	$16,821,000	–	228,574	–	2.17%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$16,612,000	–	66,042	–	2.14%	–
ILMN	New	ILLUMINA INC	$16,394,000	–	44,265	–	2.12%	–
CERN	New	CERNER CORPORATION	$16,141,000	–	235,461	–	2.08%	–
FLOT	New	ISHARES TR FLTG RATE NT ETFetf	$14,289,000	–	282,455	–	1.84%	–
PRLB	New	PROTO LABS INC	$13,944,000	–	123,977	–	1.80%	–
FTV	New	FORTIVE CORP COM	$13,939,000	–	206,021	–	1.80%	–
IDXX	New	IDEXX LAB INC	$11,986,000	–	36,303	–	1.55%	–
IGSB	New	ISHARES TR SHORT-TERM CORP BDetf	$11,110,000	–	203,079	–	1.43%	–
ALC	New	ALCON INC.	$10,944,000	–	190,935	–	1.41%	–
IEI	New	ISHARES 3-7 YEAR TREASURY BONDetf	$9,940,000	–	74,360	–	1.28%	–
BKNG	New	BOOKING HOLDINGS INC COM	$9,863,000	–	6,194	–	1.27%	–
BND	New	VANGUARD TOTAL BOND MKTetf	$9,512,000	–	107,677	–	1.23%	–
MUB	New	ISHARES NATIONAL MUNIetf	$8,736,000	–	75,704	–	1.13%	–
VGIT	New	VANGUARD INTER-TERM TREASURY Ietf	$8,432,000	–	119,480	–	1.09%	–
WAB	New	WABTEC COM	$8,154,000	–	141,643	–	1.05%	–
GOOGL	New	ALPHABET INC CL A	$7,079,000	–	4,992	–	0.91%	–
ALGT	New	ALLEGIANT TRAVEL CO	$7,036,000	–	64,428	–	0.91%	–
VTEB	New	VANGUARD TAX-EXEMPT BONDINDEXetf	$5,260,000	–	97,155	–	0.68%	–
SHY	New	ISHARES LEHMAN 1-3 YR TREAS BOetf	$3,759,000	–	43,401	–	0.48%	–
AME	New	AMETEK AEROSPACE PRODUCTS	$2,697,000	–	30,182	–	0.35%	–
SPSB	New	SPDR SHORT-TERM CORP BONDetf	$2,518,000	–	80,332	–	0.32%	–
GVI	New	ISHARES INTERMEDIATE GOVCREDITetf	$2,012,000	–	17,095	–	0.26%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$1,812,000	–	12,170	–	0.23%	–
JNJ	New	JOHNSON & JOHNSON	$1,333,000	–	9,476	–	0.17%	–
CHD	New	CHURCH&DWIGHT CO INC	$1,074,000	–	13,900	–	0.14%	–
AAPL	New	APPLE INC	$882,000	–	2,418	–	0.11%	–
AOS	New	SMITH A O CORP COMMON	$747,000	–	15,846	–	0.10%	–
PEP	New	PEPSICO INCORPORATED	$661,000	–	5,001	–	0.08%	–
USB	New	US BANCORP	$654,000	–	17,751	–	0.08%	–
SUB	New	ISHARES TR S&P MUNI FUNDetf	$620,000	–	5,750	–	0.08%	–
IEF	New	ISHARES TR BOND 7-10 YR TREASUetf	$502,000	–	4,120	–	0.06%	–
VTIP	New	VANGUARD SHORT-TERM TIPSetf	$376,000	–	7,500	–	0.05%	–
MA	New	MASTERCARD INC	$322,000	–	1,090	–	0.04%	–
ABT	New	ABBOTT LABORATORIES	$306,000	–	3,343	–	0.04%	–
SPY	New	S P D R S&P 500 ETF TR EXPIRINetf	$304,000	–	987	–	0.04%	–
ABBV	New	ABBVIE INC	$285,000	–	2,903	–	0.04%	–
BRKB	New	BERKSHIRE HATHAWAYINC DEL CL	$261,000	–	1,461	–	0.03%	–
CDK	New	CDK GLOBAL INC	$237,000	–	5,723	–	0.03%	–
PG	New	PROCTER & GAMBLE COMPANY	$244,000	–	2,040	–	0.03%	–
VOO	New	VANGUARD S&P 500 ETF NEWetf	$226,000	–	797	–	0.03%	–
MCD	New	MC DONALDS CORP	$204,000	–	1,107	–	0.03%	–

Q4 2019

			Value		Shares		↓ Weighting
FIS	Exit	FIDELITY NATL INFO SVCS INC	$0	–	-1,537	–	-0.03%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-5,920	–	-0.03%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,903	–	-0.03%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-2,820	–	-0.03%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-1,840	–	-0.03%	–
TRV	Exit	TRAVELERS COS	$0	–	-1,610	–	-0.04%	–
MCD	Exit	MC DONALDS CORP	$0	–	-1,107	–	-0.04%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-3,501	–	-0.04%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-3,343	–	-0.04%	–
CDK	Exit	CDK GLOBAL INC	$0	–	-5,998	–	-0.04%	–
BRKB	Exit	BERKSHIRE HATHAWAYINC DEL CL	$0	–	-1,461	–	-0.04%	–
MA	Exit	MASTERCARD INC	$0	–	-1,250	–	-0.05%	–
VTIP	Exit	VANGUARD SHORT-TERM TIPSetf	$0	–	-7,500	–	-0.05%	–
IEF	Exit	ISHARES TR BOND 7-10 YR TREASUetf	$0	–	-3,895	–	-0.06%	–
SUB	Exit	ISHARES TR S&P MUNI FUNDetf	$0	–	-4,250	–	-0.07%	–
AAPL	Exit	APPLE INC	$0	–	-2,418	–	-0.08%	–
IDXX	Exit	IDEXX LAB INC DEL $0.10	$0	–	-2,208	–	-0.09%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-4,865	–	-0.10%	–
GVI	Exit	ISHARES INTERMEDIATE GOVCREDITetf	$0	–	-8,855	–	-0.15%	–
CHD	Exit	CHURCH&DWIGHT CO INC	$0	–	-14,150	–	-0.16%	–
IEI	Exit	ISHARES 3-7 YEAR TREASURY BONDetf	$0	–	-9,740	–	-0.18%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-9,676	–	-0.18%	–
USB	Exit	US BANCORP	$0	–	-22,691	–	-0.18%	–
SHY	Exit	ISHARES LEHMAN 1-3 YR TREAS BOetf	$0	–	-16,311	–	-0.20%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-12,095	–	-0.29%	–
SPSB	Exit	SPDR SHORT-TERM CORP BONDetf	$0	–	-80,332	–	-0.36%	–
AME	Exit	AMETEK INC NEW	$0	–	-34,132	–	-0.46%	–
VTEB	Exit	VANGUARD TAX-EXEMPT BONDINDEXetf	$0	–	-93,155	–	-0.74%	–
VGIT	Exit	VANGUARD INTER-TERM TREASURY Ietf	$0	–	-91,655	–	-0.90%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-5,214	–	-0.94%	–
MUB	Exit	ISHARES NATIONAL MUNIetf	$0	–	-76,104	–	-1.28%	–
BND	Exit	VANGUARD TOTAL BOND MKTetf	$0	–	-111,559	–	-1.39%	–
AMZN	Exit	AMAZON COM INC COM	$0	–	-5,455	–	-1.40%	–
AOS	Exit	SMITH A O CORP DEL	$0	–	-224,738	–	-1.58%	–
IGSB	Exit	ISHARES SHORT-TERM CORP Betf	$0	–	-219,054	–	-1.73%	–
BBT	Exit	BB&T CORPORATION	$0	–	-227,381	–	-1.79%	–
PRLB	Exit	PROTO LABS INC	$0	–	-121,788	–	-1.83%	–
BCPC	Exit	BALCHEM CORP	$0	–	-128,740	–	-1.88%	–
NOW	Exit	SERVICENOW INC	$0	–	-52,240	–	-1.96%	–
FDS	Exit	FACTSET RESEARCH SYSTEMS INC	$0	–	-55,240	–	-1.98%	–
FTV	Exit	FORTIVE CORP	$0	–	-200,268	–	-2.02%	–
ALGT	Exit	ALLEGIANT TRAVEL CO	$0	–	-92,643	–	-2.04%	–
FAST	Exit	FASTENAL COMPANY	$0	–	-432,876	–	-2.09%	–
PTC	Exit	PTC INC	$0	–	-210,416	–	-2.12%	–
WAB	Exit	WABTEC	$0	–	-199,773	–	-2.12%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-12,285	–	-2.21%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-7,648	–	-2.21%	–
QCOM	Exit	QUALCOMM INC	$0	–	-204,582	–	-2.30%	–
SSNC	Exit	SS&C TECHNOLOGIES HOLDINGS INC	$0	–	-303,097	–	-2.30%	–
CERN	Exit	CERNER CORP	$0	–	-229,496	–	-2.31%	–
TYL	Exit	TYLER TECHS INC	$0	–	-60,454	–	-2.34%	–
ORCL	Exit	ORACLE CORP	$0	–	-306,121	–	-2.48%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-114,481	–	-2.64%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-52,412	–	-2.76%	–
ANSS	Exit	ANSYS INC.	$0	–	-84,896	–	-2.77%	–
FLT	Exit	FLEETCOR TECHNOLOGIS INC	$0	–	-67,395	–	-2.85%	–
TJX	Exit	TJX COS INC NEW	$0	–	-348,909	–	-2.87%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-223,264	–	-2.91%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-191,943	–	-2.93%	–
SYK	Exit	STRYKER CORP	$0	–	-92,679	–	-2.96%	–
FLOT	Exit	ISHARES FLOATING RATEetf	$0	–	-393,464	–	-2.96%	–
ADBE	Exit	ADOBE INC	$0	–	-75,781	–	-3.09%	–
RMD	Exit	RESMED INC	$0	–	-155,507	–	-3.10%	–
ECL	Exit	ECOLAB INC	$0	–	-115,501	–	-3.37%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-167,508	–	-3.57%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-188,050	–	-3.86%	–
FISV	Exit	FISERV INC	$0	–	-256,295	–	-3.92%	–
VCSH	Exit	VANGUARD SHORT-TERM CORPORATEetf	$0	–	-370,483	–	-4.43%	–

Q3 2019

			Value		Shares		↓ Weighting
VCSH	Buy	VANGUARD SHORT-TERM CORPORATEetf	$30,028,000	+3.4%	370,483	+2.9%	4.43%	+3.6%
FISV	Sell	FISERV INC	$26,550,000	+11.2%	256,295	-2.2%	3.92%	+11.4%
MSFT	Sell	MICROSOFT CORP	$26,145,000	+1.9%	188,050	-1.8%	3.86%	+2.1%
DHR	Sell	DANAHER CORP DEL	$24,193,000	+0.9%	167,508	-0.2%	3.57%	+1.0%
RMD	Buy	RESMED INC	$21,011,000	+11.2%	155,507	+0.4%	3.10%	+11.4%
ADBE	Sell	ADOBE INC	$20,935,000	-6.3%	75,781	-0.1%	3.09%	-6.1%
FLOT	Sell	ISHARES FLOATING RATEetf	$20,055,000	-0.1%	393,464	-0.2%	2.96%	+0.1%
SYK	Buy	STRYKER CORP	$20,046,000	+5.8%	92,679	+0.6%	2.96%	+6.0%
PYPL	Sell	PAYPAL HOLDINGS INC	$19,883,000	-9.6%	191,943	-0.2%	2.93%	-9.5%
SBUX	Sell	STARBUCKS CORP	$19,741,000	+3.9%	223,264	-1.5%	2.91%	+4.1%
TJX	Buy	TJX COS INC NEW	$19,448,000	+5.8%	348,909	+0.4%	2.87%	+6.0%
FLT	Sell	FLEETCOR TECHNOLOGIS INC	$19,328,000	+1.4%	67,395	-0.7%	2.85%	+1.6%
ANSS	Buy	ANSYS INC.	$18,793,000	+9.5%	84,896	+1.3%	2.77%	+9.7%
ROP	Buy	ROPER TECHNOLOGIES INC	$18,690,000	-2.2%	52,412	+0.4%	2.76%	-2.0%
ITW	Buy	ILLINOIS TOOL WORKS INC	$17,915,000	+7.2%	114,481	+3.3%	2.64%	+7.4%
ORCL	Buy	ORACLE CORP	$16,846,000	-2.3%	306,121	+1.1%	2.48%	-2.1%
TYL	Buy	TYLER TECHS INC	$15,869,000	+27.0%	60,454	+4.5%	2.34%	+27.2%
CERN	Buy	CERNER CORP	$15,645,000	-6.2%	229,496	+0.9%	2.31%	-6.0%
SSNC	Buy	SS&C TECHNOLOGIES HOLDINGS INC	$15,631,000	+0.4%	303,097	+12.1%	2.30%	+0.6%
QCOM	Buy	QUALCOMM INC	$15,606,000	+2.4%	204,582	+2.1%	2.30%	+2.5%
BKNG	Buy	BOOKING HLDGS INC	$15,010,000	+6.0%	7,648	+1.2%	2.21%	+6.2%
GOOG	Buy	ALPHABET INC CL C	$14,975,000	+14.3%	12,285	+1.4%	2.21%	+14.6%
WAB	Buy	WABTEC	$14,356,000	+3.1%	199,773	+3.0%	2.12%	+3.3%
PTC	Buy	PTC INC	$14,346,000	-11.2%	210,416	+16.9%	2.12%	-11.0%
FAST	Buy	FASTENAL COMPANY	$14,142,000	+1.6%	432,876	+1.4%	2.09%	+1.8%
ALGT	Buy	ALLEGIANT TRAVEL CO	$13,865,000	+8.8%	92,643	+4.4%	2.04%	+9.1%
FTV	Buy	FORTIVE CORP	$13,730,000	-10.4%	200,268	+6.5%	2.02%	-10.3%
FDS	Buy	FACTSET RESEARCH SYSTEMS INC	$13,422,000	-13.1%	55,240	+2.5%	1.98%	-12.9%
NOW	Buy	SERVICENOW INC	$13,261,000	-5.4%	52,240	+2.4%	1.96%	-5.2%
BCPC	Buy	BALCHEM CORP	$12,770,000	+5.1%	128,740	+5.9%	1.88%	+5.3%
PRLB	Buy	PROTO LABS INC	$12,435,000	-10.5%	121,788	+1.7%	1.83%	-10.3%
BBT	Sell	BB&T CORPORATION	$12,135,000	+3.9%	227,381	-4.4%	1.79%	+4.1%
IGSB	Sell	ISHARES SHORT-TERM CORP Betf	$11,757,000	-1.4%	219,054	-1.8%	1.73%	-1.2%
AOS	Sell	SMITH A O CORP DEL	$10,722,000	+0.6%	224,738	-0.6%	1.58%	+0.8%
AMZN	Buy	AMAZON COM INC COM	$9,469,000	+4.6%	5,455	+14.1%	1.40%	+4.8%
BND	Buy	VANGUARD TOTAL BOND MKTetf	$9,419,000	+2.3%	111,559	+0.6%	1.39%	+2.4%
GOOGL	Sell	ALPHABET INC CL A	$6,367,000	+6.5%	5,214	-5.6%	0.94%	+6.7%
VGIT	New	VANGUARD INTER-TERM TREASURY Ietf	$6,111,000	–	91,655	–	0.90%	–
VTEB	Buy	VANGUARD TAX-EXEMPT BONDINDEXetf	$4,995,000	+38.4%	93,155	+37.0%	0.74%	+38.8%
AME	Sell	AMETEK INC NEW	$3,134,000	-15.1%	34,132	-16.0%	0.46%	-14.9%
SPSB	Sell	SPDR SHORT-TERM CORP BONDetf	$2,478,000	-2.2%	80,332	-2.4%	0.36%	-2.1%
ADP	Sell	AUTOMATIC DATA PROCESSING INC	$1,952,000	-7.7%	12,095	-5.5%	0.29%	-7.4%
USB	Sell	US BANCORP	$1,256,000	-21.5%	22,691	-25.6%	0.18%	-21.3%
JNJ	Sell	JOHNSON & JOHNSON	$1,252,000	-22.5%	9,676	-16.6%	0.18%	-22.3%
IEI	Buy	ISHARES 3-7 YEAR TREASURY BONDetf	$1,235,000	+15.5%	9,740	+14.6%	0.18%	+15.9%
GVI	New	ISHARES INTERMEDIATE GOVCREDITetf	$1,003,000	–	8,855	–	0.15%	–
AAPL	Sell	APPLE INC	$542,000	+4.6%	2,418	-7.6%	0.08%	+5.3%
IEF	New	ISHARES TR BOND 7-10 YR TREASUetf	$438,000	–	3,895	–	0.06%	–
BRKB	Buy	BERKSHIRE HATHAWAYINC DEL CL	$304,000	+2.0%	1,461	+4.4%	0.04%	+2.3%
CDK	Sell	CDK GLOBAL INC	$288,000	-3.7%	5,998	-0.8%	0.04%	-4.5%
TRV	New	TRAVELERS COS	$239,000	–	1,610	–	0.04%	–
PG	Sell	PROCTER & GAMBLE COMPANY	$229,000	+5.0%	1,840	-7.5%	0.03%	+6.2%
SYY	Sell	SYSCO CORPORATION	$224,000	+1.4%	2,820	-9.6%	0.03%	0.0%
PFE	Sell	PFIZER INCORPORATED	$213,000	-19.3%	5,920	-2.9%	0.03%	-20.5%
FIS	New	FIDELITY NATL INFO SVCS INC	$204,000	–	1,537	–	0.03%	–
HGLC	Exit	HUNT GOLD CORP	$0	–	-10,656	–	0.00%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE	$0	–	-5,463	–	-0.04%	–
LKQ	Exit	LKQ CORPORATION	$0	–	-335,451	–	-1.31%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIONS	$0	–	-158,043	–	-1.48%	–

Q2 2019

			Value		Shares		↓ Weighting
VCSH	New	VANGUARD SHORT TERM CORPBOND Eetf	$29,034,000	–	359,868	–	4.27%	–
MSFT	New	MICROSOFT CORP	$25,650,000	–	191,475	–	3.78%	–
DHR	New	DANAHER CORP	$23,988,000	–	167,843	–	3.53%	–
FISV	New	FISERV INC	$23,880,000	–	261,960	–	3.52%	–
ECL	New	ECOLAB INC	$22,805,000	–	115,501	–	3.36%	–
ADBE	New	ADOBE INC	$22,342,000	–	75,827	–	3.29%	–
PYPL	New	PAYPAL HOLDINGS INC	$22,006,000	–	192,256	–	3.24%	–
FLOT	New	ISHARES FLOATING RATE BOND ETFetf	$20,072,000	–	394,114	–	2.96%	–
ROP	New	ROPER TECHNOLOGIES	$19,111,000	–	52,178	–	2.81%	–
FLT	New	FLEETCOR TECHNOLOGIES, INC.	$19,052,000	–	67,836	–	2.80%	–
SBUX	New	STARBUCKS CORP	$18,993,000	–	226,564	–	2.80%	–
SYK	New	STRYKER CORP	$18,947,000	–	92,165	–	2.79%	–
RMD	New	RESMED INC	$18,901,000	–	154,889	–	2.78%	–
TJX	New	TJX COMPANIES INC	$18,381,000	–	347,606	–	2.71%	–
ORCL	New	ORACLE CORP	$17,244,000	–	302,681	–	2.54%	–
ANSS	New	ANSYS INC	$17,163,000	–	83,794	–	2.53%	–
ITW	New	ILLINOIS TOOL WORKS INC	$16,706,000	–	110,772	–	2.46%	–
CERN	New	CERNER CORP	$16,676,000	–	227,501	–	2.46%	–
PTC	New	PTC INC	$16,156,000	–	179,991	–	2.38%	–
SSNC	New	SS&C TECHNOLOGIES HLDG, INC	$15,572,000	–	270,305	–	2.29%	–
FDS	New	FACTSET RESEARCH SYS INC	$15,441,000	–	53,885	–	2.27%	–
FTV	New	FORTIVE CORP	$15,331,000	–	188,065	–	2.26%	–
QCOM	New	QUALCOMM INC	$15,247,000	–	200,437	–	2.24%	–
BKNG	New	BOOKING HOLDINGS INC.	$14,162,000	–	7,554	–	2.08%	–
NOW	New	SERVICE NOW INC.	$14,013,000	–	51,037	–	2.06%	–
FAST	New	FASTENAL COMPANY	$13,916,000	–	427,003	–	2.05%	–
WAB	New	WABTEC	$13,922,000	–	194,008	–	2.05%	–
PRLB	New	PROTO LABS INC	$13,894,000	–	119,756	–	2.04%	–
GOOG	New	ALPHABET INC CLASS C	$13,096,000	–	12,116	–	1.93%	–
ALGT	New	ALLEGIANT TRAVEL COMPANY	$12,739,000	–	88,773	–	1.88%	–
TYL	New	TYLER TECHNOLOGIES INC	$12,500,000	–	57,864	–	1.84%	–
BCPC	New	BALCHEM CORP	$12,153,000	–	121,562	–	1.79%	–
IGSB	New	ISHARES SHORT-TERM CORP BOND Eetf	$11,923,000	–	223,104	–	1.76%	–
BBT	New	BB&T CORP	$11,680,000	–	237,733	–	1.72%	–
AOS	New	SMITH A O	$10,660,000	–	226,043	–	1.57%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIONS	$10,018,000	–	158,043	–	1.48%	–
BND	New	VANGUARD TOTAL BOND MARKETetf	$9,210,000	–	110,874	–	1.36%	–
AMZN	New	AMAZON.COM INC	$9,050,000	–	4,779	–	1.33%	–
LKQ	New	LKQ CORPORATION	$8,926,000	–	335,451	–	1.31%	–
MUB	New	ISHARES TRUST S&P NATL AMT FREetf	$8,607,000	–	76,104	–	1.27%	–
GOOGL	New	ALPHABET INC CLASS A	$5,980,000	–	5,523	–	0.88%	–
AME	New	AMETEK INC NEW	$3,691,000	–	40,632	–	0.54%	–
VTEB	New	VANGUARD MUNI TAX-EXEMPT BONDetf	$3,609,000	–	68,000	–	0.53%	–
SPSB	New	SPDR SHORT-TERM CORP BOND ETFetf	$2,534,000	–	82,332	–	0.37%	–
ADP	New	AUTO DATA PROCESSING	$2,115,000	–	12,795	–	0.31%	–
JNJ	New	JOHNSON & JOHNSON	$1,616,000	–	11,601	–	0.24%	–
USB	New	US BANCORP	$1,599,000	–	30,514	–	0.24%	–
SHY	New	ISHARES LEHMAN 1-3 YR TREAS BOetf	$1,383,000	–	16,311	–	0.20%	–
IEI	New	ISHARES 3-7 YEAR TREASURY BONDetf	$1,069,000	–	8,500	–	0.16%	–
CHD	New	CHURCH & DWIGHT COMPAN	$1,034,000	–	14,150	–	0.15%	–
PEP	New	PEPSICO INCORPORATED	$638,000	–	4,865	–	0.09%	–
IDXX	New	IDEXX LABORATORIES INC	$608,000	–	2,208	–	0.09%	–
AAPL	New	APPLE INC	$518,000	–	2,618	–	0.08%	–
SUB	New	ISHARES TR S&P MUNI FUNDetf	$453,000	–	4,250	–	0.07%	–
VTIP	New	VANGUARD SHORT-TERM TIPSetf	$370,000	–	7,500	–	0.05%	–
MA	New	MASTERCARD INC	$331,000	–	1,250	–	0.05%	–
WBA	New	WALGREENS BOOTS ALLIANCE	$299,000	–	5,463	–	0.04%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$298,000	–	1,400	–	0.04%	–
CDK	New	CDK GLOBAL INC	$299,000	–	6,048	–	0.04%	–
ABT	New	ABBOTT LABORATORIES	$281,000	–	3,343	–	0.04%	–
PFE	New	PFIZER INCORPORATED	$264,000	–	6,099	–	0.04%	–
XOM	New	EXXON MOBIL CORPORATION	$268,000	–	3,501	–	0.04%	–
MCD	New	MC DONALDS CORP	$230,000	–	1,107	–	0.03%	–
SYY	New	SYSCO CORPORATION	$221,000	–	3,120	–	0.03%	–
PG	New	PROCTER & GAMBLE	$218,000	–	1,990	–	0.03%	–
ABBV	New	ABBVIE INC	$211,000	–	2,903	–	0.03%	–
HGLC	New	HUNT GOLD CORP	$0	–	10,656	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
HGLC	Exit	HUNT GOLD CORP	$0	–	-10,656	–	0.00%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-100	–	-0.03%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-3,120	–	-0.03%	–
MMM	Exit	3M COMPANY	$0	–	-1,150	–	-0.04%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-3,343	–	-0.04%	–
MA	Exit	MASTERCARD INC	$0	–	-1,200	–	-0.04%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,903	–	-0.04%	–
SUB	Exit	iSHARES TR S&P MUNI FUNDetf	$0	–	-2,750	–	-0.04%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-1,400	–	-0.04%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-3,501	–	-0.04%	–
SLB	Exit	SCHLUMBERGER LTD F	$0	–	-5,525	–	-0.05%	–
VTIP	Exit	VANGUARD SHORT-TERM TIPSetf	$0	–	-7,500	–	-0.06%	–
CDK	Exit	CDK GLOBAL INC	$0	–	-6,314	–	-0.06%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE	$0	–	-6,513	–	-0.07%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-11,179	–	-0.07%	–
IDXX	Exit	IDEXX LABORATORIES INC	$0	–	-2,325	–	-0.09%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-5,202	–	-0.09%	–
AAPL	Exit	APPLE INC	$0	–	-2,703	–	-0.09%	–
CHD	Exit	CHURCH & DWIGHT COMPAN	$0	–	-17,850	–	-0.16%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-11,664	–	-0.24%	–
USB	Exit	US BANCORP	$0	–	-33,506	–	-0.27%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-12,985	–	-0.29%	–
SPSB	Exit	SPDR SHORT-TERM CORP BOND ETFetf	$0	–	-88,332	–	-0.40%	–
VTEB	Exit	VANGUARD MUNI TAX-EXEMPT BONDetf	$0	–	-53,200	–	-0.40%	–
AME	Exit	AMETEK INC NEW	$0	–	-43,148	–	-0.51%	–
MHK	Exit	MOHAWK INDUSTRIES INC	$0	–	-35,524	–	-0.94%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-6,009	–	-1.09%	–
PII	Exit	POLARIS INDUSTRIES INC	$0	–	-73,599	–	-1.12%	–
RHT	Exit	RED HAT INC.	$0	–	-60,443	–	-1.24%	–
MUB	Exit	iSHARES TRUST S&P NATL AMT FREetf	$0	–	-77,454	–	-1.26%	–
ALGT	Exit	ALLEGIANT TRAVEL COMPANY	$0	–	-66,923	–	-1.27%	–
CELG	Exit	CELGENE CORP	$0	–	-95,168	–	-1.28%	–
BND	Exit	VANGUARD TOTAL BOND MARKETetf	$0	–	-113,694	–	-1.34%	–
SRCL	Exit	STERICYCLE INC	$0	–	-152,513	–	-1.34%	–
EBAY	Exit	EBAY INC	$0	–	-273,655	–	-1.36%	–
BKNG	Exit	BOOKING HOLDINGS INC.	$0	–	-4,911	–	-1.46%	–
FDS	Exit	FACTSET RESEARCH SYS INC	$0	–	-52,102	–	-1.75%	–
FAST	Exit	FASTENAL COMPANY	$0	–	-205,135	–	-1.79%	–
LKQ	Exit	LKQ CORPORATION	$0	–	-379,330	–	-1.80%	–
AOS	Exit	SMITH A O	$0	–	-226,109	–	-1.81%	–
WAB	Exit	WABTEC	$0	–	-115,340	–	-1.82%	–
IGSB	Exit	ISHARES SHORT-TERM CORP BOND Eetf	$0	–	-239,679	–	-1.87%	–
BBT	Exit	BB&T CORP	$0	–	-257,134	–	-1.87%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-229,099	–	-1.96%	–
BCPC	Exit	BALCHEM CORP	$0	–	-120,058	–	-2.02%	–
PRLB	Exit	PROTO LABS INC	$0	–	-83,302	–	-2.02%	–
CERN	Exit	CERNER CORP	$0	–	-216,823	–	-2.10%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-11,892	–	-2.13%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIONS	$0	–	-184,806	–	-2.14%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDG, INC	$0	–	-254,691	–	-2.17%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-91,496	–	-2.24%	–
ANSS	Exit	ANSYS INC	$0	–	-80,727	–	-2.26%	–
FTV	Exit	FORTIVE CORP	$0	–	-181,912	–	-2.30%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-109,443	–	-2.32%	–
ORCL	Exit	ORACLE CORP	$0	–	-306,333	–	-2.37%	–
ROP	Exit	ROPER TECHNOLOGIES	$0	–	-53,360	–	-2.37%	–
QCOM	Exit	QUALCOMM INC	$0	–	-221,073	–	-2.39%	–
FLT	Exit	FLEETCOR TECHNOLOGIES, INC.	$0	–	-71,632	–	-2.45%	–
SYK	Exit	STRYKER CORP	$0	–	-92,618	–	-2.47%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-199,147	–	-2.63%	–
RMD	Exit	RESMED INC	$0	–	-156,367	–	-2.71%	–
ECL	Exit	ECOLAB INC	$0	–	-119,294	–	-2.81%	–
PTC	Exit	PTC INC	$0	–	-177,051	–	-2.82%	–
DHR	Exit	DANAHER CORP	$0	–	-173,834	–	-2.84%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-178,771	–	-3.01%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-78,168	–	-3.17%	–
FISV	Exit	FISERV INC	$0	–	-273,999	–	-3.39%	–
FLOT	Exit	iSHARES FLOATING RATE BOND ETFetf	$0	–	-446,759	–	-3.42%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-203,700	–	-3.50%	–
VCSH	Exit	VANGUARD SHORT TERM CORPBOND Eetf	$0	–	-372,431	–	-4.37%	–

Q3 2018

			Value		Shares		↓ Weighting
VCSH	Sell	VANGUARD SHORT TERM CORPBOND Eetf	$29,109,000	-8.0%	372,431	-8.1%	4.37%	-12.1%
MSFT	Sell	MICROSOFT CORP	$23,297,000	+11.7%	203,700	-3.7%	3.50%	+6.7%
FLOT	Sell	iSHARES FLOATING RATE BOND ETFetf	$22,794,000	-8.5%	446,759	-8.5%	3.42%	-12.6%
FISV	Sell	FISERV INC	$22,572,000	+7.8%	273,999	-3.1%	3.39%	+2.9%
ADBE	Sell	ADOBE SYSTEMS INC	$21,101,000	+2.9%	78,168	-7.1%	3.17%	-1.7%
TJX	Sell	TJX COMPANIES INC	$20,026,000	+13.4%	178,771	-3.6%	3.01%	+8.4%
DHR	Sell	DANAHER CORP	$18,889,000	+8.0%	173,834	-1.9%	2.84%	+3.2%
PTC	Sell	PTC INC	$18,801,000	+8.3%	177,051	-4.3%	2.82%	+3.4%
ECL	Sell	ECOLAB INC	$18,703,000	+9.7%	119,294	-1.8%	2.81%	+4.8%
RMD	Sell	RESMED INC	$18,035,000	+6.7%	156,367	-4.2%	2.71%	+1.9%
PYPL	Sell	PAYPAL HOLDINGS INC	$17,493,000	+3.1%	199,147	-2.3%	2.63%	-1.6%
SYK	Sell	STRYKER CORP	$16,456,000	+2.9%	92,618	-2.2%	2.47%	-1.7%
FLT	Sell	FLEETCOR TECHNOLOGIES, INC.	$16,321,000	+4.0%	71,632	-3.9%	2.45%	-0.7%
QCOM	Sell	QUALCOMM INC	$15,924,000	+27.6%	221,073	-0.6%	2.39%	+21.8%
ROP	Sell	ROPER TECHNOLOGIES	$15,806,000	+3.7%	53,360	-3.4%	2.37%	-1.0%
ORCL	Sell	ORACLE CORP	$15,795,000	+14.2%	306,333	-2.4%	2.37%	+9.1%
ITW	Buy	ILLINOIS TOOL WORKS INC	$15,445,000	+3.1%	109,443	+1.2%	2.32%	-1.5%
FTV	Buy	FORTIVE CORP	$15,317,000	+42.5%	181,912	+30.5%	2.30%	+36.1%
ANSS	Sell	ANSYS INC	$15,070,000	+4.5%	80,727	-2.5%	2.26%	-0.2%
UNP	Sell	UNION PACIFIC CORP	$14,898,000	+9.2%	91,496	-5.0%	2.24%	+4.2%
SSNC	Sell	SS&C TECHNOLOGIES HLDG, INC	$14,474,000	+7.3%	254,691	-2.0%	2.17%	+2.5%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIONS	$14,258,000	-3.4%	184,806	-1.1%	2.14%	-7.8%
GOOG	Sell	ALPHABET INC CLASS C	$14,193,000	+4.8%	11,892	-2.0%	2.13%	+0.1%
CERN	Sell	CERNER CORP	$13,966,000	+7.2%	216,823	-0.5%	2.10%	+2.4%
PRLB	Sell	PROTO LABS INC	$13,474,000	+17.6%	83,302	-13.5%	2.02%	+12.3%
BCPC	Sell	BALCHEM CORP	$13,457,000	+10.5%	120,058	-3.2%	2.02%	+5.5%
SBUX	Sell	STARBUCKS CORP	$13,022,000	+10.7%	229,099	-4.9%	1.96%	+5.7%
BBT	Sell	BB&T CORP	$12,481,000	-7.2%	257,134	-3.6%	1.87%	-11.4%
IGSB	Buy	ISHARES SHORT-TERM CORP BOND Eetf	$12,423,000	-7.5%	239,679	+85.1%	1.87%	-11.6%
WAB	Sell	WABTEC	$12,097,000	+2.2%	115,340	-3.9%	1.82%	-2.4%
AOS	Buy	SMITH A O	$12,067,000	+32.6%	226,109	+47.0%	1.81%	+26.6%
LKQ	Buy	LKQ CORPORATION	$12,013,000	+1.6%	379,330	+2.4%	1.80%	-3.0%
FAST	Sell	FASTENAL COMPANY	$11,902,000	+16.3%	205,135	-3.5%	1.79%	+11.1%
FDS	Sell	FACTSET RESEARCH SYS INC	$11,656,000	+10.2%	52,102	-2.5%	1.75%	+5.2%
BKNG	Sell	BOOKING HOLDINGS INC.	$9,743,000	-3.3%	4,911	-1.2%	1.46%	-7.7%
EBAY	Sell	EBAY INC	$9,036,000	-10.4%	273,655	-1.6%	1.36%	-14.4%
SRCL	Sell	STERICYCLE INC	$8,949,000	-10.5%	152,513	-0.4%	1.34%	-14.6%
BND	Sell	VANGUARD TOTAL BOND MARKETetf	$8,948,000	-1.9%	113,694	-1.3%	1.34%	-6.3%
CELG	Buy	CELGENE CORP	$8,517,000	+16.3%	95,168	+3.2%	1.28%	+11.1%
ALGT	Sell	ALLEGIANT TRAVEL COMPANY	$8,486,000	-10.9%	66,923	-2.3%	1.27%	-14.9%
MUB	Sell	iSHARES TRUST S&P NATL AMT FREetf	$8,360,000	-1.5%	77,454	-0.5%	1.26%	-5.9%
RHT	Buy	RED HAT INC.	$8,237,000	+5.0%	60,443	+3.5%	1.24%	+0.2%
PII	Sell	POLARIS INDUSTRIES INC	$7,430,000	-18.1%	73,599	-0.9%	1.12%	-21.8%
GOOGL	Sell	ALPHABET INC CLASS A	$7,253,000	+3.2%	6,009	-3.4%	1.09%	-1.4%
MHK	Buy	MOHAWK INDUSTRIES INC	$6,229,000	-16.5%	35,524	+2.0%	0.94%	-20.3%
AME	Sell	AMETEK INC NEW	$3,414,000	+9.4%	43,148	-0.2%	0.51%	+4.5%
SPSB	Sell	SPDR SHORT-TERM CORP BOND ETFetf	$2,666,000	-6.8%	88,332	-6.9%	0.40%	-11.1%
USB	Sell	US BANCORP	$1,769,000	+5.5%	33,506	-0.0%	0.27%	+0.8%
JNJ	Sell	JOHNSON & JOHNSON	$1,612,000	+13.7%	11,664	-0.2%	0.24%	+8.5%
CHD	Sell	CHURCH & DWIGHT COMPAN	$1,060,000	+10.8%	17,850	-0.8%	0.16%	+5.3%
AAPL	Buy	APPLE INC	$610,000	+34.1%	2,703	+10.0%	0.09%	+27.8%
PEP	Buy	PEPSICO INCORPORATED	$582,000	+10.6%	5,202	+7.7%	0.09%	+4.8%
PFE	Buy	PFIZER INCORPORATED	$493,000	+38.9%	11,179	+14.4%	0.07%	+32.1%
WBA	Sell	WALGREENS BOOTS ALLIANCE	$475,000	+17.0%	6,513	-3.7%	0.07%	+10.9%
XOM	Sell	EXXON MOBIL CORPORATION	$298,000	+2.8%	3,501	-0.3%	0.04%	-2.2%
ABBV	Sell	ABBVIE INC	$275,000	-2.1%	2,903	-4.4%	0.04%	-6.8%
ABT	Sell	ABBOTT LABORATORIES	$245,000	+18.9%	3,343	-1.0%	0.04%	+15.6%
SYY	Sell	SYSCO CORPORATION	$229,000	+4.1%	3,120	-3.1%	0.03%	-2.9%
AMZN	New	AMAZON.COM INC	$200,000	–	100	–	0.03%	–

Q2 2018

			Value		Shares		↓ Weighting
VCSH	New	VANGUARD SHORT TERM CORPBOND Eetf	$31,637,000	–	405,081	–	4.98%	–
FLOT	New	iSHARES FLOATING RATE BOND ETFetf	$24,912,000	–	488,474	–	3.92%	–
FISV	New	FISERV INC	$20,944,000	–	282,689	–	3.29%	–
MSFT	New	MICROSOFT CORP	$20,854,000	–	211,476	–	3.28%	–
ADBE	New	ADOBE SYSTEMS INC	$20,506,000	–	84,108	–	3.22%	–
TJX	New	TJX COMPANIES INC	$17,654,000	–	185,477	–	2.78%	–
DHR	New	DANAHER CORP	$17,482,000	–	177,154	–	2.75%	–
PTC	New	PTC INC	$17,359,000	–	185,042	–	2.73%	–
ECL	New	ECOLAB INC	$17,044,000	–	121,454	–	2.68%	–
PYPL	New	PAYPAL HOLDINGS INC	$16,974,000	–	203,842	–	2.67%	–
RMD	New	RESMED INC	$16,910,000	–	163,252	–	2.66%	–
SYK	New	STRYKER CORP	$15,992,000	–	94,708	–	2.52%	–
FLT	New	FLEETCOR TECHNOLOGIES, INC.	$15,698,000	–	74,522	–	2.47%	–
ROP	New	ROPER TECHNOLOGIES	$15,239,000	–	55,232	–	2.40%	–
ITW	New	ILLINOIS TOOL WORKS INC	$14,975,000	–	108,094	–	2.36%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIONS	$14,756,000	–	186,811	–	2.32%	–
ANSS	New	ANSYS INC	$14,415,000	–	82,757	–	2.27%	–
ORCL	New	ORACLE CORP	$13,827,000	–	313,827	–	2.18%	–
UNP	New	UNION PACIFIC CORP	$13,644,000	–	96,301	–	2.15%	–
GOOG	New	ALPHABET INC CLASS C	$13,543,000	–	12,139	–	2.13%	–
SSNC	New	SS&C TECHNOLOGIES HLDG, INC	$13,483,000	–	259,796	–	2.12%	–
BBT	New	BB&T CORP	$13,455,000	–	266,759	–	2.12%	–
IGSB	New	iSHARES 1-3 YR CREDIT BONDetf	$13,424,000	–	129,452	–	2.11%	–
CERN	New	CERNER CORP	$13,023,000	–	217,818	–	2.05%	–
QCOM	New	QUALCOMM INC	$12,479,000	–	222,356	–	1.96%	–
BCPC	New	BALCHEM CORP	$12,175,000	–	124,057	–	1.92%	–
WAB	New	WABTEC	$11,835,000	–	120,051	–	1.86%	–
LKQ	New	LKQ CORPORATION	$11,819,000	–	370,490	–	1.86%	–
SBUX	New	STARBUCKS CORP	$11,765,000	–	240,837	–	1.85%	–
PRLB	New	PROTO LABS INC	$11,456,000	–	96,312	–	1.80%	–
FTV	New	FORTIVE CORP	$10,749,000	–	139,392	–	1.69%	–
FDS	New	FACTSET RESEARCH SYS INC	$10,581,000	–	53,412	–	1.66%	–
FAST	New	FASTENAL COMPANY	$10,230,000	–	212,545	–	1.61%	–
EBAY	New	EBAY INC	$10,087,000	–	278,180	–	1.59%	–
BKNG	New	BOOKING HOLDINGS INC.	$10,079,000	–	4,972	–	1.58%	–
SRCL	New	STERICYCLE INC	$10,002,000	–	153,189	–	1.57%	–
ALGT	New	ALLEGIANT TRAVEL COMPANY	$9,519,000	–	68,508	–	1.50%	–
BND	New	VANGUARD TOTAL BOND MARKETetf	$9,125,000	–	115,224	–	1.44%	–
AOS	New	SMITH A O	$9,100,000	–	153,849	–	1.43%	–
PII	New	POLARIS INDUSTRIES INC	$9,073,000	–	74,259	–	1.43%	–
MUB	New	iSHARES TRUST S&P NATL AMT FREetf	$8,489,000	–	77,854	–	1.34%	–
RHT	New	RED HAT INC.	$7,844,000	–	58,378	–	1.23%	–
MHK	New	MOHAWK INDUSTRIES INC	$7,460,000	–	34,814	–	1.17%	–
CELG	New	CELGENE CORP	$7,321,000	–	92,183	–	1.15%	–
GOOGL	New	ALPHABET INC CLASS A	$7,025,000	–	6,221	–	1.10%	–
AME	New	AMETEK INC NEW	$3,121,000	–	43,250	–	0.49%	–
SPSB	New	SPDR SHORT-TERM CORP BOND ETFetf	$2,860,000	–	94,832	–	0.45%	–
VTEB	New	VANGUARD MUNI TAX-EXEMPT BONDetf	$2,712,000	–	53,200	–	0.43%	–
ADP	New	AUTO DATA PROCESSING	$1,742,000	–	12,985	–	0.27%	–
USB	New	US BANCORP	$1,676,000	–	33,507	–	0.26%	–
JNJ	New	JOHNSON & JOHNSON	$1,418,000	–	11,687	–	0.22%	–
CHD	New	CHURCH & DWIGHT COMPAN	$957,000	–	18,000	–	0.15%	–
PEP	New	PEPSICO INCORPORATED	$526,000	–	4,830	–	0.08%	–
IDXX	New	IDEXX LABORATORIES INC	$507,000	–	2,325	–	0.08%	–
AAPL	New	APPLE INC	$455,000	–	2,458	–	0.07%	–
CDK	New	CDK GLOBAL INC	$411,000	–	6,314	–	0.06%	–
WBA	New	WALGREENS BOOTS ALLIANCE	$406,000	–	6,763	–	0.06%	–
SLB	New	SCHLUMBERGER LTD F	$370,000	–	5,525	–	0.06%	–
VTIP	New	VANGUARD SHORT-TERM TIPSetf	$366,000	–	7,500	–	0.06%	–
PFE	New	PFIZER INCORPORATED	$355,000	–	9,774	–	0.06%	–
XOM	New	EXXON MOBIL CORPORATION	$290,000	–	3,510	–	0.05%	–
SUB	New	iSHARES TR S&P MUNI FUNDetf	$289,000	–	2,750	–	0.04%	–
ABBV	New	ABBVIE INC	$281,000	–	3,036	–	0.04%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$261,000	–	1,400	–	0.04%	–
MA	New	MASTERCARD INC	$236,000	–	1,200	–	0.04%	–
MMM	New	3M COMPANY	$226,000	–	1,150	–	0.04%	–
SYY	New	SYSCO CORPORATION	$220,000	–	3,220	–	0.04%	–
ABT	New	ABBOTT LABORATORIES	$206,000	–	3,376	–	0.03%	–
HGLC	New	HUNT GOLD CORP	$0	–	10,656	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
IJH	Exit	iSHARES TR S&P MIDCAP S&P MIDCetf	$0	–	-1,138	–	-0.03%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-3,840	–	-0.04%	–
TMK	Exit	TORCHMARK CORP	$0	–	-2,589	–	-0.04%	–
CELG	Exit	CELGENE CORP	$0	–	-1,630	–	-0.04%	–
MMM	Exit	3M COMPANY	$0	–	-1,150	–	-0.04%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-1,400	–	-0.04%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-12,625	–	-0.05%	–
ABBV	Exit	ABBVIE INC	$0	–	-3,536	–	-0.05%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-3,961	–	-0.06%	–
AAPL	Exit	APPLE INC	$0	–	-2,171	–	-0.06%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-10,402	–	-0.06%	–
VTIP	Exit	VANGUARD SHORT-TERM TIPSetf	$0	–	-7,500	–	-0.06%	–
SUB	Exit	iSHARES TR S&P MUNI FUNDetf	$0	–	-3,750	–	-0.07%	–
CDK	Exit	CDK GLOBAL INC	$0	–	-6,397	–	-0.07%	–
SLB	Exit	SCHLUMBERGER LTD F	$0	–	-6,625	–	-0.08%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-5,000	–	-0.09%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-6,300	–	-0.10%	–
IDXX	Exit	IDEXX LABORATORIES INC	$0	–	-4,350	–	-0.11%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE	$0	–	-10,826	–	-0.14%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-13,785	–	-0.25%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-11,926	–	-0.26%	–
USB	Exit	US BANCORP	$0	–	-35,010	–	-0.32%	–
VTEB	Exit	VANGUARD MUNI TAX-EXEMPT BONDetf	$0	–	-50,700	–	-0.44%	–
RHT	Exit	RED HAT INC.	$0	–	-23,810	–	-0.44%	–
SPSB	Exit	SPDR BARCLAYS CAP ETF SHORT TEetf	$0	–	-103,132	–	-0.53%	–
AME	Exit	AMETEK INC NEW	$0	–	-48,375	–	-0.54%	–
PAY	Exit	VERIFONE HOLDINGS INC	$0	–	-338,779	–	-1.16%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-7,177	–	-1.18%	–
QCOM	Exit	QUALCOMM INC	$0	–	-155,637	–	-1.36%	–
SRCL	Exit	STERICYCLE INC	$0	–	-113,711	–	-1.37%	–
WAB	Exit	WABTEC	$0	–	-110,130	–	-1.40%	–
PII	Exit	POLARIS INDUSTRIES INC	$0	–	-80,750	–	-1.42%	–
MHK	Exit	MOHAWK INDUSTRIES INC	$0	–	-34,157	–	-1.42%	–
MUB	Exit	iSHARES TRUST S&P NATL AMT FREetf	$0	–	-78,154	–	-1.46%	–
SSNC	Exit	SS&C TECHNOLOGIES HLDG, INC	$0	–	-219,386	–	-1.48%	–
PCLN	Exit	PRICELINE GROUP INC	$0	–	-4,899	–	-1.51%	–
ALGT	Exit	ALLEGIANT TRAVEL COMPANY	$0	–	-68,484	–	-1.52%	–
AOS	Exit	SMITH A O	$0	–	-160,350	–	-1.60%	–
FDS	Exit	FACTSET RESEARCH SYS INC	$0	–	-53,016	–	-1.60%	–
FAST	Exit	FASTENAL COMPANY	$0	–	-212,709	–	-1.63%	–
CHD	Exit	CHURCH & DWIGHT COMPAN	$0	–	-201,735	–	-1.64%	–
FTV	Exit	FORTIVE CORP	$0	–	-140,256	–	-1.67%	–
BCPC	Exit	BALCHEM CORP	$0	–	-127,259	–	-1.74%	–
EBAY	Exit	EBAY INC	$0	–	-271,476	–	-1.76%	–
BND	Exit	VANGUARD TOTAL BOND MARKETetf	$0	–	-127,482	–	-1.76%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-177,210	–	-1.89%	–
PRLB	Exit	PROTO LABS INC	$0	–	-140,569	–	-1.90%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-12,297	–	-1.98%	–
PTC	Exit	PTC INC	$0	–	-212,824	–	-2.01%	–
FLT	Exit	FLEETCOR TECHNOLOGIES, INC.	$0	–	-78,256	–	-2.04%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-107,751	–	-2.10%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-236,640	–	-2.14%	–
LKQ	Exit	LKQ CORPORATION	$0	–	-354,587	–	-2.15%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-183,645	–	-2.28%	–
BBT	Exit	BB&T CORP	$0	–	-292,940	–	-2.31%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-215,616	–	-2.32%	–
SYK	Exit	STRYKER CORP	$0	–	-97,897	–	-2.34%	–
IGSB	Exit	iSHARES 1-3 YRetf	$0	–	-133,752	–	-2.37%	–
ROP	Exit	ROPER TECHNOLOGIES	$0	–	-57,937	–	-2.37%	–
ANSS	Exit	ANSYS INC	$0	–	-116,853	–	-2.41%	–
ORCL	Exit	ORACLE CORP	$0	–	-314,927	–	-2.56%	–
DHR	Exit	DANAHER CORP	$0	–	-180,688	–	-2.61%	–
CERN	Exit	CERNER CORP	$0	–	-219,334	–	-2.63%	–
ECL	Exit	ECOLAB INC	$0	–	-121,773	–	-2.63%	–
RMD	Exit	RESMED INC	$0	–	-207,061	–	-2.68%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-119,866	–	-2.98%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-240,083	–	-3.01%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-125,141	–	-3.14%	–
FISV	Exit	FISERV INC	$0	–	-146,803	–	-3.18%	–
FLOT	Exit	iSHARES FLOATING RATE BOND ETFetf	$0	–	-463,959	–	-3.97%	–
VCSH	Exit	VANGUARD SHORT TERM CORPBOND Eetf	$0	–	-396,532	–	-5.34%	–

Q3 2017

			Value		Shares		↓ Weighting
VCSH	Buy	VANGUARD SHORT TERM CORPBOND Eetf	$31,774,000	+4.0%	396,532	+3.9%	5.34%	+1.4%
FLOT	Buy	iSHARES FLOATING RATE BOND ETFetf	$23,634,000	+0.7%	463,959	+0.7%	3.97%	-1.8%
FISV	Sell	FISERV INC	$18,932,000	+3.2%	146,803	-2.1%	3.18%	+0.6%
ADBE	Sell	ADOBE SYSTEMS INC	$18,669,000	-3.7%	125,141	-8.7%	3.14%	-6.1%
MSFT	Buy	MICROSOFT CORP	$17,884,000	+8.4%	240,083	+0.4%	3.01%	+5.8%
ITW	Sell	ILLINOIS TOOL WORKS INC	$17,735,000	+0.7%	119,866	-2.5%	2.98%	-1.7%
RMD	Sell	RESMED INC	$15,935,000	-3.3%	207,061	-2.2%	2.68%	-5.7%
ECL	Sell	ECOLAB INC	$15,661,000	-4.5%	121,773	-1.4%	2.63%	-6.9%
CERN	Sell	CERNER CORP	$15,643,000	+4.9%	219,334	-2.3%	2.63%	+2.3%
DHR	Buy	DANAHER CORP	$15,499,000	+2.0%	180,688	+0.4%	2.61%	-0.5%
ORCL	Sell	ORACLE CORP	$15,227,000	-4.3%	314,927	-0.8%	2.56%	-6.7%
ANSS	Sell	ANSYS INC	$14,341,000	-1.2%	116,853	-2.0%	2.41%	-3.6%
ROP	Sell	ROPER TECHNOLOGIES	$14,102,000	+3.3%	57,937	-1.8%	2.37%	+0.7%
IGSB	Sell	iSHARES 1-3 YRetf	$14,091,000	-0.1%	133,752	-0.1%	2.37%	-2.6%
SYK	Sell	STRYKER CORP	$13,903,000	-0.6%	97,897	-2.9%	2.34%	-3.1%
PYPL	Sell	PAYPAL HOLDINGS INC	$13,806,000	+15.2%	215,616	-3.4%	2.32%	+12.3%
BBT	Buy	BB&T CORP	$13,751,000	+3.4%	292,940	+0.0%	2.31%	+0.9%
TJX	Buy	TJX COMPANIES INC	$13,540,000	+3.1%	183,645	+0.9%	2.28%	+0.5%
LKQ	Sell	LKQ CORPORATION	$12,762,000	+9.2%	354,587	-0.0%	2.15%	+6.6%
SBUX	Sell	STARBUCKS CORP	$12,710,000	-8.3%	236,640	-0.4%	2.14%	-10.5%
UNP	Sell	UNION PACIFIC CORP	$12,496,000	+3.7%	107,751	-2.7%	2.10%	+1.1%
FLT	Sell	FLEETCOR TECHNOLOGIES, INC.	$12,112,000	+6.7%	78,256	-0.6%	2.04%	+4.0%
PTC	Sell	PTC INC	$11,978,000	+0.7%	212,824	-1.3%	2.01%	-1.7%
GOOG	Sell	ALPHABET INC CLASS C	$11,794,000	+2.6%	12,297	-2.8%	1.98%	+0.2%
PRLB	Sell	PROTO LABS INC	$11,288,000	+14.9%	140,569	-3.8%	1.90%	+12.1%
TSCO	Sell	TRACTOR SUPPLY CO	$11,216,000	+16.7%	177,210	-0.0%	1.89%	+13.9%
BND	Sell	VANGUARD TOTAL BOND MARKETetf	$10,448,000	-1.3%	127,482	-1.4%	1.76%	-3.7%
EBAY	Sell	EBAY INC	$10,441,000	+8.6%	271,476	-1.4%	1.76%	+5.9%
BCPC	Buy	BALCHEM CORP	$10,345,000	+5.4%	127,259	+0.8%	1.74%	+2.8%
FTV	Sell	FORTIVE CORP	$9,929,000	+10.3%	140,256	-1.3%	1.67%	+7.6%
CHD	Sell	CHURCH & DWIGHT COMPAN	$9,774,000	-8.0%	201,735	-1.5%	1.64%	-10.3%
FAST	Buy	FASTENAL COMPANY	$9,695,000	+6.0%	212,709	+1.3%	1.63%	+3.4%
FDS	Sell	FACTSET RESEARCH SYS INC	$9,549,000	+8.1%	53,016	-0.3%	1.60%	+5.4%
AOS	Sell	SMITH A O	$9,530,000	+3.6%	160,350	-1.8%	1.60%	+1.0%
ALGT	Sell	ALLEGIANT TRAVEL COMPANY	$9,019,000	-3.7%	68,484	-0.8%	1.52%	-6.1%
PCLN	Sell	PRICELINE GROUP INC	$8,969,000	-2.5%	4,899	-0.3%	1.51%	-4.9%
SSNC	Sell	SS&C TECHNOLOGIES HLDG, INC	$8,808,000	+3.9%	219,386	-0.6%	1.48%	+1.4%
MHK	Sell	MOHAWK INDUSTRIES INC	$8,454,000	+2.4%	34,157	-0.0%	1.42%	-0.1%
PII	Sell	POLARIS INDUSTRIES INC	$8,449,000	+13.0%	80,750	-0.4%	1.42%	+10.2%
WAB	Buy	WABTEC	$8,342,000	-16.9%	110,130	+0.3%	1.40%	-19.0%
SRCL	Buy	STERICYCLE INC	$8,144,000	-5.2%	113,711	+1.0%	1.37%	-7.6%
QCOM	Buy	QUALCOMM INC	$8,068,000	-4.7%	155,637	+1.5%	1.36%	-7.1%
GOOGL	Sell	ALPHABET INC CLASS A	$6,988,000	+2.6%	7,177	-2.0%	1.18%	+0.1%
PAY	Buy	VERIFONE HOLDINGS INC	$6,870,000	+12.6%	338,779	+0.5%	1.16%	+9.9%
AME	Sell	AMETEK INC NEW	$3,195,000	+7.0%	48,375	-1.9%	0.54%	+4.3%
SPSB	Sell	SPDR BARCLAYS CAP ETF SHORT TEetf	$3,163,000	-2.2%	103,132	-2.3%	0.53%	-4.5%
RHT	New	RED HAT INC.	$2,640,000	–	23,810	–	0.44%	–
VTEB	Sell	VANGUARD MUNI TAX-EXEMPT BONDetf	$2,619,000	+0.1%	50,700	-0.6%	0.44%	-2.4%
JNJ	Sell	JOHNSON & JOHNSON	$1,551,000	-1.9%	11,926	-0.2%	0.26%	-4.0%
ADP	Sell	AUTO DATA PROCESSING	$1,507,000	-7.1%	13,785	-12.9%	0.25%	-9.6%
WBA	Sell	WALGREENS BOOTS ALLIANCE	$836,000	-5.7%	10,826	-4.4%	0.14%	-7.8%
IDXX	Sell	IDEXX LABORATORIES INC	$676,000	-23.2%	4,350	-20.2%	0.11%	-25.0%
PEP	Sell	PEPSICO INCORPORATED	$557,000	-9.0%	5,000	-5.7%	0.09%	-10.5%
SLB	Sell	SCHLUMBERGER LTD F	$462,000	+2.9%	6,625	-2.9%	0.08%	+1.3%
CDK	Sell	CDK GLOBAL INC	$404,000	-5.8%	6,397	-7.5%	0.07%	-8.1%
PFE	Sell	PFIZER INCORPORATED	$371,000	-7.7%	10,402	-13.1%	0.06%	-10.1%
AAPL	Buy	APPLE INC	$335,000	+12.4%	2,171	+4.9%	0.06%	+9.8%
XOM	Sell	EXXON MOBIL CORPORATION	$325,000	-5.0%	3,961	-6.6%	0.06%	-6.8%
GE	Sell	GENERAL ELECTRIC COMPANY	$305,000	-14.1%	12,625	-3.8%	0.05%	-16.4%
SYY	New	SYSCO CORPORATION	$207,000	–	3,840	–	0.04%	–
TMK	New	TORCHMARK CORP	$207,000	–	2,589	–	0.04%	–
IJH	New	iSHARES TR S&P MIDCAP S&P MIDCetf	$204,000	–	1,138	–	0.03%	–

Q2 2017

			Value		Shares		↓ Weighting
VCSH	New	VANGUARD SHORT TERM CORPBOND Eetf	$30,560,000	–	381,803	–	5.27%	–
FLOT	New	iSHARES FLOATING RATE BOND ETFetf	$23,471,000	–	460,934	–	4.04%	–
ADBE	New	ADOBE SYSTEMS INC	$19,389,000	–	137,085	–	3.34%	–
FISV	New	FISERV INC	$18,353,000	–	150,013	–	3.16%	–
ITW	New	ILLINOIS TOOL WORKS INC	$17,604,000	–	122,891	–	3.03%	–
MSFT	New	MICROSOFT CORP	$16,491,000	–	239,238	–	2.84%	–
RMD	New	RESMED INC	$16,481,000	–	211,646	–	2.84%	–
ECL	New	ECOLAB INC	$16,402,000	–	123,553	–	2.83%	–
ORCL	New	ORACLE CORP	$15,919,000	–	317,482	–	2.74%	–
DHR	New	DANAHER CORP	$15,190,000	–	180,003	–	2.62%	–
CERN	New	CERNER CORP	$14,916,000	–	224,409	–	2.57%	–
ANSS	New	ANSYS INC	$14,516,000	–	119,293	–	2.50%	–
IGSB	New	iSHARES 1-3 YRetf	$14,105,000	–	133,935	–	2.43%	–
SYK	New	STRYKER CORP	$13,987,000	–	100,787	–	2.41%	–
SBUX	New	STARBUCKS CORP	$13,858,000	–	237,655	–	2.39%	–
ROP	New	ROPER TECHNOLOGIES	$13,658,000	–	58,989	–	2.35%	–
BBT	New	BB&T CORP	$13,297,000	–	292,815	–	2.29%	–
TJX	New	TJX COMPANIES INC	$13,139,000	–	182,055	–	2.26%	–
UNP	New	UNION PACIFIC CORP	$12,055,000	–	110,691	–	2.08%	–
PYPL	New	PAYPAL HOLDINGS INC	$11,985,000	–	223,306	–	2.07%	–
PTC	New	PTC INC	$11,891,000	–	215,724	–	2.05%	–
LKQ	New	LKQ CORPORATION	$11,686,000	–	354,662	–	2.01%	–
GOOG	New	ALPHABET INC CLASS C	$11,491,000	–	12,645	–	1.98%	–
FLT	New	FLEETCOR TECHNOLOGIES, INC.	$11,356,000	–	78,746	–	1.96%	–
CHD	New	CHURCH & DWIGHT COMPAN	$10,629,000	–	204,880	–	1.83%	–
BND	New	VANGUARD TOTAL BOND MARKETetf	$10,584,000	–	129,346	–	1.82%	–
WAB	New	WABTEC	$10,043,000	–	109,765	–	1.73%	–
PRLB	New	PROTO LABS INC	$9,825,000	–	146,104	–	1.69%	–
BCPC	New	BALCHEM CORP	$9,813,000	–	126,279	–	1.69%	–
EBAY	New	EBAY INC	$9,615,000	–	275,351	–	1.66%	–
TSCO	New	TRACTOR SUPPLY CO	$9,607,000	–	177,220	–	1.66%	–
ALGT	New	ALLEGIANT TRAVEL COMPANY	$9,362,000	–	69,039	–	1.61%	–
AOS	New	SMITH A O	$9,202,000	–	163,365	–	1.59%	–
PCLN	New	PRICELINE GROUP INC	$9,195,000	–	4,916	–	1.58%	–
FAST	New	FASTENAL COMPANY	$9,145,000	–	210,079	–	1.58%	–
FTV	New	FORTIVE CORP	$9,000,000	–	142,073	–	1.55%	–
FDS	New	FACTSET RESEARCH SYS INC	$8,836,000	–	53,171	–	1.52%	–
MUB	New	iSHARES TRUST S&P NATL AMT FREetf	$8,606,000	–	78,154	–	1.48%	–
SRCL	New	STERICYCLE INC	$8,593,000	–	112,596	–	1.48%	–
SSNC	New	SS&C TECHNOLOGIES HLDG, INC	$8,476,000	–	220,661	–	1.46%	–
QCOM	New	QUALCOMM INC	$8,470,000	–	153,382	–	1.46%	–
MHK	New	MOHAWK INDUSTRIES INC	$8,258,000	–	34,169	–	1.42%	–
PII	New	POLARIS INDUSTRIES INC	$7,478,000	–	81,075	–	1.29%	–
GOOGL	New	ALPHABET INC CLASS A	$6,812,000	–	7,327	–	1.17%	–
PAY	New	VERIFONE HOLDINGS INC	$6,099,000	–	336,939	–	1.05%	–
SPSB	New	SPDR BARCLAYS CAP ETF SHORT TEetf	$3,234,000	–	105,532	–	0.56%	–
AME	New	AMETEK INC NEW	$2,987,000	–	49,312	–	0.52%	–
VTEB	New	VANGUARD MUNI TAX-EXEMPT BONDetf	$2,617,000	–	51,000	–	0.45%	–
USB	New	US BANCORP	$1,818,000	–	35,010	–	0.31%	–
ADP	New	AUTO DATA PROCESSING	$1,622,000	–	15,835	–	0.28%	–
JNJ	New	JOHNSON & JOHNSON	$1,581,000	–	11,954	–	0.27%	–
WBA	New	WALGREENS BOOTS ALLIANCE	$887,000	–	11,326	–	0.15%	–
IDXX	New	IDEXX LABORATORIES INC	$880,000	–	5,450	–	0.15%	–
PEP	New	PEPSICO INCORPORATED	$612,000	–	5,300	–	0.10%	–
PG	New	PROCTER & GAMBLE	$549,000	–	6,300	–	0.10%	–
SLB	New	SCHLUMBERGER LTD F	$449,000	–	6,825	–	0.08%	–
CDK	New	CDK GLOBAL INC	$429,000	–	6,919	–	0.07%	–
PFE	New	PFIZER INCORPORATED	$402,000	–	11,972	–	0.07%	–
SUB	New	iSHARES TR S&P MUNI FUNDetf	$397,000	–	3,750	–	0.07%	–
VTIP	New	VANGUARD SHORT-TERM TIPSetf	$369,000	–	7,500	–	0.06%	–
GE	New	GENERAL ELECTRIC COMPANY	$355,000	–	13,125	–	0.06%	–
XOM	New	EXXON MOBIL CORPORATION	$342,000	–	4,241	–	0.06%	–
AAPL	New	APPLE INC	$298,000	–	2,070	–	0.05%	–
ABBV	New	ABBVIE INC	$256,000	–	3,536	–	0.04%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$237,000	–	1,400	–	0.04%	–
MMM	New	3M COMPANY	$239,000	–	1,150	–	0.04%	–
CELG	New	CELGENE CORP	$212,000	–	1,630	–	0.04%	–

Q4 2016

			Value		Shares		↓ Weighting
JCI	Exit	JOHNSON CONTROLS INTERNATIONAL	$0	–	-4,389	–	-0.04%	–
TMK	Exit	TORCHMARK CORP	$0	–	-3,455	–	-0.04%	–
MMM	Exit	3M COMPANY	$0	–	-1,250	–	-0.04%	–
ABBV	Exit	ABBVIE INC	$0	–	-3,536	–	-0.04%	–
AAPL	Exit	APPLE INC	$0	–	-2,170	–	-0.05%	–
PVTB	Exit	PRIVATEBANCORP INC	$0	–	-7,100	–	-0.06%	–
VTIP	Exit	VANGUARD SHORT-TERM TIPSetf	$0	–	-7,500	–	-0.07%	–
SUB	Exit	iSHARES TR S&P MUNI FUNDetf	$0	–	-3,750	–	-0.08%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-13,525	–	-0.08%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-11,972	–	-0.08%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-2,800	–	-0.08%	–
CDK	Exit	CDK GLOBAL INC	$0	–	-7,302	–	-0.08%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-5,141	–	-0.09%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-5,300	–	-0.11%	–
SLB	Exit	SCHLUMBERGER LTD F	$0	–	-7,575	–	-0.11%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-6,900	–	-0.12%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE	$0	–	-11,476	–	-0.18%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-12,204	–	-0.28%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-16,348	–	-0.28%	–
USB	Exit	US BANCORP	$0	–	-35,460	–	-0.29%	–
VTEB	Exit	VANGUARD MUNI TAX-EXEMPT BONDetf	$0	–	-46,200	–	-0.46%	–
AME	Exit	AMETEK INC NEW	$0	–	-57,679	–	-0.52%	–
SPSB	Exit	SPDR BARCLAYS CAP ETF SHORT TEetf	$0	–	-107,175	–	-0.63%	–
PAY	Exit	VERIFONE HOLDINGS INC	$0	–	-221,925	–	-0.67%	–
MHK	Exit	MOHAWK INDUSTRIES INC	$0	–	-30,644	–	-1.17%	–
PII	Exit	POLARIS INDUSTRIES INC	$0	–	-83,569	–	-1.23%	–
FTV	Exit	FORTIVE CORP	$0	–	-127,653	–	-1.24%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-8,392	–	-1.29%	–
PCLN	Exit	PRICELINE GROUP INC	$0	–	-4,650	–	-1.30%	–
ALGT	Exit	ALLEGIANT TRAVEL COMPANY	$0	–	-53,116	–	-1.34%	–
WAB	Exit	WABTEC	$0	–	-92,505	–	-1.44%	–
AOS	Exit	SMITH A O	$0	–	-80,201	–	-1.51%	–
SRCL	Exit	STERICYCLE INC	$0	–	-100,563	–	-1.54%	–
FLT	Exit	FLEETCOR TECHNOLOGIES, INC.	$0	–	-47,722	–	-1.58%	–
EBAY	Exit	EBAY INC	$0	–	-255,360	–	-1.60%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-126,032	–	-1.62%	–
FDS	Exit	FACTSET RESEARCH SYS INC	$0	–	-53,396	–	-1.65%	–
QCOM	Exit	QUALCOMM INC	$0	–	-128,400	–	-1.68%	–
FAST	Exit	FASTENAL COMPANY	$0	–	-215,588	–	-1.72%	–
MUB	Exit	iSHARES TRUST S&P NATL AMT FREetf	$0	–	-80,704	–	-1.74%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-223,815	–	-1.75%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-13,043	–	-1.93%	–
CHD	Exit	CHURCH & DWIGHT COMPAN	$0	–	-213,376	–	-1.95%	–
PRLB	Exit	PROTO LABS INC	$0	–	-174,257	–	-1.99%	–
ROP	Exit	ROPER TECHNOLOGIES	$0	–	-59,938	–	-2.08%	–
BCPC	Exit	BALCHEM CORP	$0	–	-141,670	–	-2.09%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-114,027	–	-2.12%	–
BBT	Exit	BB&T CORP	$0	–	-297,191	–	-2.14%	–
IDXX	Exit	IDEXX LABORATORIES INC	$0	–	-101,919	–	-2.19%	–
SYK	Exit	STRYKER CORP	$0	–	-100,050	–	-2.22%	–
ANSS	Exit	ANSYS INC	$0	–	-126,147	–	-2.23%	–
LKQ	Exit	LKQ CORPORATION	$0	–	-347,598	–	-2.35%	–
ORCL	Exit	ORACLE CORP	$0	–	-316,651	–	-2.37%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-235,249	–	-2.43%	–
CERN	Exit	CERNER CORP	$0	–	-207,810	–	-2.45%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-178,338	–	-2.54%	–
PTC	Exit	PTC INC	$0	–	-303,475	–	-2.56%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-236,534	–	-2.60%	–
RMD	Exit	RESMED INC	$0	–	-215,766	–	-2.66%	–
BND	Exit	VANGUARD TOTAL BOND MARKETetf	$0	–	-166,421	–	-2.67%	–
DHR	Exit	DANAHER CORP	$0	–	-179,463	–	-2.68%	–
IGSB	Exit	iSHARES 1-3 YRetf	$0	–	-137,910	–	-2.78%	–
ECL	Exit	ECOLAB INC	$0	–	-124,766	–	-2.90%	–
FISV	Exit	FISERV INC	$0	–	-154,890	–	-2.94%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-139,980	–	-3.20%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-156,602	–	-3.24%	–
FLOT	Exit	iSHARES FLOATING RATE BOND ETFetf	$0	–	-342,729	–	-3.32%	–
VCSH	Exit	VANGUARD SHORT TERM CORPBOND Eetf	$0	–	-359,430	–	-5.52%	–

Q3 2016

			Value		Shares		↓ Weighting
VCSH	Buy	VANGUARD SHORT TERM CORPBOND Eetf	$28,952,000	+0.7%	359,430	+1.1%	5.52%	+0.8%
FLOT	Buy	iSHARES FLOATING RATE BOND ETFetf	$17,393,000	+0.5%	342,729	+0.2%	3.32%	+0.6%
ADBE	Sell	ADOBE SYSTEMS INC	$16,998,000	+10.8%	156,602	-2.2%	3.24%	+10.9%
ITW	Sell	ILLINOIS TOOL WORKS INC	$16,775,000	+9.1%	139,980	-5.1%	3.20%	+9.3%
FISV	Sell	FISERV INC	$15,407,000	-9.5%	154,890	-1.1%	2.94%	-9.4%
ECL	Sell	ECOLAB INC	$15,187,000	+2.3%	124,766	-0.3%	2.90%	+2.5%
IGSB	Sell	iSHARES 1-3 YRetf	$14,585,000	-2.0%	137,910	-1.7%	2.78%	-1.9%
DHR	Buy	DANAHER CORP	$14,068,000	-22.0%	179,463	+0.5%	2.68%	-21.9%
BND	Sell	VANGUARD TOTAL BOND MARKETetf	$14,003,000	-0.3%	166,421	-0.1%	2.67%	-0.2%
RMD	Sell	RESMED INC	$13,979,000	-2.4%	215,766	-4.8%	2.66%	-2.3%
MSFT	Sell	MICROSOFT CORP	$13,624,000	+10.3%	236,534	-2.0%	2.60%	+10.4%
PTC	Buy	PTC INC	$13,447,000	+40.4%	303,475	+19.1%	2.56%	+40.6%
TJX	Sell	TJX COMPANIES INC	$13,336,000	-3.8%	178,338	-0.6%	2.54%	-3.7%
CERN	Sell	CERNER CORP	$12,832,000	+4.5%	207,810	-0.9%	2.45%	+4.6%
SBUX	Buy	STARBUCKS CORP	$12,736,000	-5.1%	235,249	+0.2%	2.43%	-5.0%
ORCL	Buy	ORACLE CORP	$12,438,000	-3.8%	316,651	+0.2%	2.37%	-3.7%
LKQ	Buy	LKQ CORPORATION	$12,326,000	+29.8%	347,598	+16.0%	2.35%	+29.9%
ANSS	Sell	ANSYS INC	$11,682,000	-8.4%	126,147	-10.2%	2.23%	-8.3%
SYK	Buy	STRYKER CORP	$11,647,000	-1.7%	100,050	+1.2%	2.22%	-1.6%
IDXX	Sell	IDEXX LABORATORIES INC	$11,489,000	-1.8%	101,919	-19.1%	2.19%	-1.7%
BBT	Sell	BB&T CORP	$11,210,000	+5.2%	297,191	-0.7%	2.14%	+5.3%
UNP	Sell	UNION PACIFIC CORP	$11,121,000	+11.7%	114,027	-0.0%	2.12%	+11.8%
BCPC	Sell	BALCHEM CORP	$10,984,000	+28.2%	141,670	-1.4%	2.09%	+28.3%
ROP	Sell	ROPER TECHNOLOGIES	$10,937,000	+6.5%	59,938	-0.4%	2.08%	+6.6%
PRLB	Buy	PROTO LABS INC	$10,440,000	+5.0%	174,257	+0.8%	1.99%	+5.1%
CHD	Buy	CHURCH & DWIGHT COMPAN	$10,225,000	-8.7%	213,376	+96.1%	1.95%	-8.5%
GOOG	Sell	ALPHABET INC CLASS C	$10,138,000	+12.1%	13,043	-0.2%	1.93%	+12.3%
PYPL	Buy	PAYPAL HOLDINGS INC	$9,170,000	+13.3%	223,815	+0.9%	1.75%	+13.4%
FAST	Sell	FASTENAL COMPANY	$9,007,000	-8.6%	215,588	-2.9%	1.72%	-8.5%
QCOM	Sell	QUALCOMM INC	$8,795,000	+27.6%	128,400	-0.2%	1.68%	+27.7%
FDS	Sell	FACTSET RESEARCH SYS INC	$8,655,000	-0.8%	53,396	-1.2%	1.65%	-0.7%
TSCO	Sell	TRACTOR SUPPLY CO	$8,488,000	-27.3%	126,032	-1.6%	1.62%	-27.2%
EBAY	Buy	EBAY INC	$8,401,000	+46.5%	255,360	+4.3%	1.60%	+46.7%
FLT	Sell	FLEETCOR TECHNOLOGIES, INC.	$8,291,000	+21.1%	47,722	-0.2%	1.58%	+21.2%
SRCL	Buy	STERICYCLE INC	$8,059,000	-22.3%	100,563	+1.0%	1.54%	-22.2%
AOS	Buy	SMITH A O	$7,923,000	+12.3%	80,201	+0.1%	1.51%	+12.4%
WAB	Buy	WABTEC	$7,553,000	+27.1%	92,505	+9.3%	1.44%	+27.2%
ALGT	Buy	ALLEGIANT TRAVEL COMPANY	$7,015,000	-4.3%	53,116	+9.8%	1.34%	-4.2%
PCLN	New	PRICELINE GROUP INC	$6,842,000	–	4,650	–	1.30%	–
GOOGL	Sell	ALPHABET INC CLASS A	$6,748,000	+10.9%	8,392	-3.0%	1.29%	+11.0%
FTV	New	FORTIVE CORP	$6,498,000	–	127,653	–	1.24%	–
PII	Buy	POLARIS INDUSTRIES INC	$6,472,000	-1.4%	83,569	+4.1%	1.23%	-1.3%
MHK	Buy	MOHAWK INDUSTRIES INC	$6,139,000	+7.7%	30,644	+2.0%	1.17%	+7.8%
PAY	Sell	VERIFONE HOLDINGS INC	$3,493,000	-26.8%	221,925	-13.8%	0.67%	-26.7%
AME	Sell	AMETEK INC NEW	$2,756,000	-74.1%	57,679	-75.0%	0.52%	-74.1%
BRKB	Sell	BERKSHIRE HATHAWAY B NEW CLASS	$405,000	-6.7%	2,800	-6.7%	0.08%	-7.2%
PFE	Sell	PFIZER INCORPORATED	$405,000	-5.6%	11,972	-1.6%	0.08%	-6.1%
GE	Sell	GENERAL ELECTRIC COMPANY	$401,000	-16.1%	13,525	-10.9%	0.08%	-16.5%
PVTB	Sell	PRIVATEBANCORP INC	$326,000	-98.1%	7,100	-98.2%	0.06%	-98.1%
JCI	New	JOHNSON CONTROLS INTERNATIONAL	$204,000	–	4,389	–	0.04%	–

Q2 2016

			Value		Shares		↓ Weighting
VCSH	New	VANGUARD SHORT TERM CORPBOND Eetf	$28,745,000	–	355,580	–	5.48%	–
DHR	New	DANAHER CORP	$18,035,000	–	178,563	–	3.44%	–
FLOT	New	iSHARES FLOATING RATE BOND ETFetf	$17,308,000	–	341,929	–	3.30%	–
PVTB	New	PRIVATEBANCORP INC	$17,093,000	–	388,223	–	3.26%	–
FISV	New	FISERV INC	$17,021,000	–	156,540	–	3.24%	–
ITW	New	ILLINOIS TOOL WORKS INC	$15,371,000	–	147,569	–	2.93%	–
ADBE	New	ADOBE SYSTEMS INC	$15,345,000	–	160,192	–	2.92%	–
IGSB	New	iSHARES 1-3 YRetf	$14,885,000	–	140,310	–	2.84%	–
ECL	New	ECOLAB INC	$14,839,000	–	125,116	–	2.83%	–
RMD	New	RESMED INC	$14,325,000	–	226,556	–	2.73%	–
BND	New	VANGUARD TOTAL BOND MARKETetf	$14,045,000	–	166,611	–	2.68%	–
TJX	New	TJX COMPANIES INC	$13,862,000	–	179,493	–	2.64%	–
SBUX	New	STARBUCKS CORP	$13,417,000	–	234,886	–	2.56%	–
ORCL	New	ORACLE CORP	$12,932,000	–	315,959	–	2.46%	–
ANSS	New	ANSYS INC	$12,754,000	–	140,534	–	2.43%	–
MSFT	New	MICROSOFT CORP	$12,356,000	–	241,468	–	2.35%	–
CERN	New	CERNER CORP	$12,284,000	–	209,620	–	2.34%	–
SYK	New	STRYKER CORP	$11,848,000	–	98,875	–	2.26%	–
IDXX	New	IDEXX LABORATORIES INC	$11,697,000	–	125,965	–	2.23%	–
TSCO	New	TRACTOR SUPPLY CO	$11,676,000	–	128,057	–	2.22%	–
CHD	New	CHURCH & DWIGHT COMPAN	$11,196,000	–	108,813	–	2.13%	–
BBT	New	BB&T CORP	$10,658,000	–	299,291	–	2.03%	–
AME	New	AMETEK INC NEW	$10,656,000	–	230,504	–	2.03%	–
SRCL	New	STERICYCLE INC	$10,369,000	–	99,588	–	1.98%	–
ROP	New	ROPER TECHNOLOGIES	$10,266,000	–	60,188	–	1.96%	–
UNP	New	UNION PACIFIC CORP	$9,953,000	–	114,077	–	1.90%	–
PRLB	New	PROTO LABS INC.	$9,947,000	–	172,807	–	1.89%	–
FAST	New	FASTENAL COMPANY	$9,851,000	–	221,918	–	1.88%	–
PTC	New	PTC INC.	$9,578,000	–	254,872	–	1.82%	–
LKQ	New	LKQ CORPORATION	$9,496,000	–	299,545	–	1.81%	–
MUB	New	iSHARES TRUST S&P NATL AMT FREetf	$9,194,000	–	80,704	–	1.75%	–
GOOG	New	ALPHABET INC CLASS C	$9,042,000	–	13,065	–	1.72%	–
FDS	New	FACTSET RESEARCH SYS INC	$8,727,000	–	54,061	–	1.66%	–
BCPC	New	BALCHEM CORP	$8,568,000	–	143,632	–	1.63%	–
PYPL	New	PAYPAL HOLDINGS INC	$8,097,000	–	221,765	–	1.54%	–
ALGT	New	ALLEGIANT TRAVEL COMPANY	$7,330,000	–	48,381	–	1.40%	–
AOS	New	SMITH A O	$7,058,000	–	80,101	–	1.34%	–
QCOM	New	QUALCOMM INC	$6,892,000	–	128,650	–	1.31%	–
FLT	New	FLEETCOR TECHNOLOGIES, INC.	$6,845,000	–	47,827	–	1.30%	–
PII	New	POLARIS INDUSTRIES INC	$6,563,000	–	80,269	–	1.25%	–
GOOGL	New	ALPHABET INC CLASS A	$6,085,000	–	8,649	–	1.16%	–
WAB	New	WABTEC	$5,942,000	–	84,605	–	1.13%	–
EBAY	New	EBAY INC	$5,734,000	–	244,935	–	1.09%	–
MHK	New	MOHAWK INDUSTRIES INC	$5,699,000	–	30,035	–	1.08%	–
PAY	New	VERIFONE HOLDINGS INC	$4,775,000	–	257,565	–	0.91%	–
SPSB	New	SPDR BARCLAYS CAP ETF SHORT TEetf	$3,299,000	–	107,175	–	0.63%	–
VTEB	New	VANGUARD MUNI TAX-EXEMPT BONDetf	$2,435,000	–	46,200	–	0.46%	–
ADP	New	AUTO DATA PROCESSING	$1,502,000	–	16,348	–	0.29%	–
JNJ	New	JOHNSON & JOHNSON	$1,480,000	–	12,204	–	0.28%	–
USB	New	US BANCORP	$1,430,000	–	35,460	–	0.27%	–
WBA	New	WALGREENS BOOTS ALLIANCE	$956,000	–	11,476	–	0.18%	–
SLB	New	SCHLUMBERGER LTD F	$599,000	–	7,575	–	0.11%	–
PG	New	PROCTER & GAMBLE	$584,000	–	6,900	–	0.11%	–
PEP	New	PEPSICO INCORPORATED	$561,000	–	5,300	–	0.11%	–
XOM	New	EXXON MOBIL CORPORATION	$482,000	–	5,141	–	0.09%	–
GE	New	GENERAL ELECTRIC COMPANY	$478,000	–	15,175	–	0.09%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$434,000	–	3,000	–	0.08%	–
PFE	New	PFIZER INCORPORATED	$429,000	–	12,172	–	0.08%	–
CDK	New	CDK GLOBAL INC	$405,000	–	7,302	–	0.08%	–
SUB	New	iSHARES TR S&P MUNI FUNDetf	$399,000	–	3,750	–	0.08%	–
VTIP	New	VANGUARD SHORT-TERM TIPSetf	$371,000	–	7,500	–	0.07%	–
ABBV	New	ABBVIE INC	$219,000	–	3,536	–	0.04%	–
MMM	New	3M COMPANY	$219,000	–	1,250	–	0.04%	–
TMK	New	TORCHMARK CORP	$214,000	–	3,455	–	0.04%	–
AAPL	New	APPLE INC	$207,000	–	2,170	–	0.04%	–

Q4 2015

			Value		Shares		↓ Weighting
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-3,983	–	-0.05%	–
INTC	Exit	INTEL CORP	$0	–	-7,114	–	-0.05%	–
TMK	Exit	TORCHMARK CORP	$0	–	-3,855	–	-0.05%	–
KO	Exit	COCA COLA COMPANY	$0	–	-5,512	–	-0.05%	–
TGT	Exit	TARGET CORPORATION	$0	–	-3,000	–	-0.06%	–
ABBV	Exit	ABBVIE INC	$0	–	-4,386	–	-0.06%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-6,335	–	-0.06%	–
AAPL	Exit	APPLE INC	$0	–	-2,670	–	-0.07%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-2,800	–	-0.09%	–
CDK	Exit	CDK GLOBAL INC	$0	–	-7,843	–	-0.09%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-5,341	–	-0.10%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-13,072	–	-0.10%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-16,975	–	-0.10%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-6,150	–	-0.14%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-8,102	–	-0.14%	–
SLB	Exit	SCHLUMBERGER LTD F	$0	–	-9,159	–	-0.15%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE	$0	–	-12,676	–	-0.25%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-12,604	–	-0.28%	–
USB	Exit	US BANCORP	$0	–	-40,345	–	-0.40%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-23,374	–	-0.45%	–
NUAN	Exit	NUANCE COMMUNICATION INC	$0	–	-278,335	–	-1.09%	–
EBAY	Exit	EBAY INC	$0	–	-210,066	–	-1.23%	–
WAB	Exit	WABTEC	$0	–	-59,895	–	-1.26%	–
PAY	Exit	VERIFONE HOLDINGS INC	$0	–	-192,495	–	-1.28%	–
SSYS	Exit	STRATASYS LTD	$0	–	-202,618	–	-1.28%	–
FLT	Exit	FLEETCOR TECHNOLOGIES, INC.	$0	–	-40,725	–	-1.34%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-10,052	–	-1.53%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-216,505	–	-1.61%	–
PTC	Exit	PTC INC.	$0	–	-234,068	–	-1.78%	–
QCOM	Exit	QUALCOMM INC	$0	–	-145,599	–	-1.87%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-12,879	–	-1.87%	–
PII	Exit	POLARIS INDUSTRIES INC	$0	–	-66,034	–	-1.89%	–
LKQ	Exit	LKQ CORPORATION	$0	–	-294,289	–	-2.00%	–
FDS	Exit	FACTSET RESEARCH SYS INC	$0	–	-55,656	–	-2.13%	–
BCPC	Exit	BALCHEM CORP	$0	–	-148,921	–	-2.16%	–
FAST	Exit	FASTENAL COMPANY	$0	–	-250,728	–	-2.20%	–
SYK	Exit	STRYKER CORP	$0	–	-97,630	–	-2.20%	–
ROP	Exit	ROPER TECHNOLOGIES	$0	–	-60,090	–	-2.25%	–
IDXX	Exit	IDEXX LABORATORIES INC	$0	–	-129,980	–	-2.31%	–
CHD	Exit	CHURCH & DWIGHT COMPAN	$0	–	-118,368	–	-2.37%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-114,717	–	-2.42%	–
ALGT	Exit	ALLEGIANT TRAVEL COMPANY	$0	–	-48,351	–	-2.50%	–
BBT	Exit	BB&T CORP	$0	–	-298,536	–	-2.54%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-247,797	–	-2.62%	–
CERN	Exit	CERNER CORP	$0	–	-182,932	–	-2.62%	–
PRLB	Exit	PROTO LABS INC.	$0	–	-166,466	–	-2.67%	–
ORCL	Exit	ORACLE CORP	$0	–	-319,383	–	-2.76%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-137,840	–	-2.78%	–
RMD	Exit	RESMED INC	$0	–	-230,231	–	-2.80%	–
ANSS	Exit	ANSYS INC	$0	–	-140,369	–	-2.96%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-152,981	–	-3.01%	–
AME	Exit	AMETEK INC NEW	$0	–	-253,922	–	-3.18%	–
SRCL	Exit	STERICYCLE INC	$0	–	-98,066	–	-3.27%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-191,526	–	-3.27%	–
ECL	Exit	ECOLAB INC	$0	–	-126,311	–	-3.31%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-176,620	–	-3.47%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-263,246	–	-3.58%	–
PVTB	Exit	PRIVATEBANCORP INC	$0	–	-399,640	–	-3.66%	–
DHR	Exit	DANAHER CORP	$0	–	-182,593	–	-3.72%	–
FISV	Exit	FISERV INC	$0	–	-216,518	–	-4.48%	–

Q3 2015

			Value		Shares		↓ Weighting
FISV	Sell	FISERV INC	$18,753,000	+0.6%	216,518	-3.8%	4.48%	+5.3%
DHR	Buy	DANAHER CORP	$15,559,000	-0.1%	182,593	+0.3%	3.72%	+4.5%
PVTB	Buy	PRIVATEBANCORP INC	$15,318,000	-3.7%	399,640	+0.1%	3.66%	+0.8%
SBUX	Sell	STARBUCKS CORP	$14,963,000	-1.7%	263,246	-7.3%	3.58%	+2.9%
ADBE	Sell	ADOBE SYSTEMS INC	$14,522,000	+1.1%	176,620	-0.4%	3.47%	+5.8%
ECL	Buy	ECOLAB INC	$13,859,000	-2.9%	126,311	+0.1%	3.31%	+1.7%
TJX	Sell	TJX COMPANIES INC	$13,679,000	+7.8%	191,526	-0.1%	3.27%	+12.9%
SRCL	Sell	STERICYCLE INC	$13,662,000	+4.0%	98,066	-0.1%	3.27%	+8.8%
AME	Buy	AMETEK INC NEW	$13,285,000	-3.7%	253,922	+0.8%	3.18%	+0.8%
ITW	Buy	ILLINOIS TOOL WORKS INC	$12,592,000	-9.6%	152,981	+0.9%	3.01%	-5.3%
ANSS	Buy	ANSYS INC	$12,372,000	-2.7%	140,369	+0.7%	2.96%	+1.8%
RMD	Buy	RESMED INC	$11,733,000	-8.3%	230,231	+1.5%	2.80%	-4.0%
TSCO	Sell	TRACTOR SUPPLY CO	$11,623,000	-6.3%	137,840	-0.1%	2.78%	-2.0%
ORCL	Buy	ORACLE CORP	$11,536,000	-6.0%	319,383	+4.9%	2.76%	-1.6%
PRLB	Buy	PROTO LABS INC.	$11,153,000	+0.2%	166,466	+0.9%	2.67%	+4.8%
CERN	Buy	CERNER CORP	$10,969,000	-12.3%	182,932	+1.0%	2.62%	-8.2%
MSFT	Buy	MICROSOFT CORP	$10,967,000	+1.2%	247,797	+1.0%	2.62%	+5.9%
BBT	Buy	BB&T CORP	$10,628,000	-10.5%	298,536	+1.4%	2.54%	-6.3%
ALGT	Sell	ALLEGIANT TRAVEL COMPANY	$10,456,000	+5.5%	48,351	-13.2%	2.50%	+10.4%
UNP	Buy	UNION PACIFIC CORP	$10,142,000	+0.8%	114,717	+8.8%	2.42%	+5.5%
CHD	Sell	CHURCH & DWIGHT COMPAN	$9,931,000	+3.3%	118,368	-0.2%	2.37%	+8.0%
IDXX	Sell	IDEXX LABORATORIES INC	$9,651,000	+15.2%	129,980	-0.5%	2.31%	+20.5%
ROP	Buy	ROPER TECHNOLOGIES	$9,416,000	-4.6%	60,090	+5.0%	2.25%	-0.2%
SYK	Sell	STRYKER CORP	$9,187,000	-1.6%	97,630	-0.1%	2.20%	+3.0%
FAST	Buy	FASTENAL COMPANY	$9,179,000	-10.8%	250,728	+2.7%	2.20%	-6.7%
BCPC	Buy	BALCHEM CORP	$9,050,000	+9.8%	148,921	+0.6%	2.16%	+14.9%
FDS	Buy	FACTSET RESEARCH SYS INC	$8,894,000	-1.4%	55,656	+0.3%	2.13%	+3.2%
LKQ	Buy	LKQ CORPORATION	$8,346,000	-5.7%	294,289	+0.6%	2.00%	-1.3%
PII	Buy	POLARIS INDUSTRIES INC	$7,915,000	-9.0%	66,034	+12.5%	1.89%	-4.8%
GOOG	New	ALPHABET INC CLASS C	$7,836,000	–	12,879	–	1.87%	–
QCOM	Buy	QUALCOMM INC	$7,823,000	-13.2%	145,599	+1.2%	1.87%	-9.1%
PTC	Buy	PTC INC.	$7,429,000	-19.0%	234,068	+4.6%	1.78%	-15.3%
PYPL	New	PAYPAL HOLDINGS INC	$6,720,000	–	216,505	–	1.61%	–
GOOGL	New	ALPHABET INC CLASS A	$6,417,000	–	10,052	–	1.53%	–
FLT	Buy	FLEETCOR TECHNOLOGIES, INC.	$5,605,000	-7.4%	40,725	+5.0%	1.34%	-3.1%
SSYS	Buy	STRATASYS LTD	$5,367,000	-5.6%	202,618	+24.5%	1.28%	-1.2%
PAY	Buy	VERIFONE HOLDINGS INC	$5,338,000	-15.1%	192,495	+3.9%	1.28%	-11.2%
WAB	New	WABTEC	$5,274,000	–	59,895	–	1.26%	–
EBAY	Buy	EBAY INC	$5,134,000	-59.0%	210,066	+1.0%	1.23%	-57.1%
NUAN	Buy	NUANCE COMMUNICATION INC	$4,556,000	-5.4%	278,335	+1.2%	1.09%	-1.0%
ADP	Sell	AUTO DATA PROCESSING	$1,878,000	-0.4%	23,374	-0.6%	0.45%	+4.2%
USB	Sell	US BANCORP	$1,655,000	-8.1%	40,345	-2.7%	0.40%	-3.6%
JNJ	Buy	JOHNSON & JOHNSON	$1,177,000	-2.2%	12,604	+2.0%	0.28%	+2.2%
WBA	Sell	WALGREENS BOOTS ALLIANCE	$1,053,000	-2.4%	12,676	-0.8%	0.25%	+2.0%
SLB	Sell	SCHLUMBERGER LTD F	$632,000	-26.8%	9,159	-8.5%	0.15%	-23.4%
PG	Sell	PROCTER & GAMBLE	$583,000	-16.0%	8,102	-8.6%	0.14%	-12.6%
PEP	Sell	PEPSICO INCORPORATED	$580,000	-0.5%	6,150	-1.6%	0.14%	+4.5%
GE	Sell	GENERAL ELECTRIC COMPANY	$428,000	-7.4%	16,975	-2.3%	0.10%	-3.8%
PFE	Sell	PFIZER INCORPORATED	$411,000	-9.7%	13,072	-3.7%	0.10%	-5.8%
XOM	Sell	EXXON MOBIL CORPORATION	$397,000	-11.6%	5,341	-1.0%	0.10%	-7.8%
CDK	Buy	CDK GLOBAL INC	$375,000	-11.3%	7,843	+0.1%	0.09%	-7.2%
INTC	Sell	INTEL CORP	$214,000	-4.9%	7,114	-4.0%	0.05%	0.0%
WFC	New	WELLS FARGO & CO NEW	$205,000	–	3,983	–	0.05%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-4,221	–	-0.05%	–
T	Exit	A T & T INC NEW	$0	–	-6,231	–	-0.05%	–
PLL	Exit	PALL CORP	$0	–	-32,999	–	-0.94%	–
GOOGL	Exit	GOOGLE INC CLASS A	$0	–	-10,302	–	-1.27%	–
GOOG	Exit	GOOGLE INC CLASS C	$0	–	-12,639	–	-1.50%	–
EMC	Exit	E M C CORP MASS	$0	–	-342,754	–	-2.07%	–

Q2 2015

			Value		Shares		↓ Weighting
FISV	New	FISERV INC	$18,636,000	–	224,988	–	4.26%	–
PVTB	New	PRIVATEBANCORP INC	$15,904,000	–	399,394	–	3.63%	–
DHR	New	DANAHER CORP	$15,576,000	–	181,983	–	3.56%	–
SBUX	New	STARBUCKS CORP	$15,222,000	–	283,915	–	3.48%	–
ADBE	New	ADOBE SYSTEMS INC	$14,367,000	–	177,350	–	3.28%	–
ECL	New	ECOLAB INC	$14,267,000	–	126,176	–	3.26%	–
ITW	New	ILLINOIS TOOL WORKS INC	$13,923,000	–	151,687	–	3.18%	–
AME	New	AMETEK INC NEW	$13,795,000	–	251,822	–	3.15%	–
SRCL	New	STERICYCLE INC	$13,139,000	–	98,120	–	3.00%	–
RMD	New	RESMED INC	$12,791,000	–	226,905	–	2.92%	–
ANSS	New	ANSYS INC	$12,717,000	–	139,384	–	2.91%	–
TJX	New	TJX COMPANIES INC	$12,684,000	–	191,690	–	2.90%	–
EBAY	New	EBAY INC	$12,527,000	–	207,955	–	2.86%	–
CERN	New	CERNER CORP	$12,502,000	–	181,038	–	2.86%	–
TSCO	New	TRACTOR SUPPLY CO	$12,408,000	–	137,955	–	2.84%	–
ORCL	New	ORACLE CORP	$12,268,000	–	304,408	–	2.80%	–
BBT	New	BB&T CORP	$11,869,000	–	294,440	–	2.71%	–
PRLB	New	PROTO LABS INC.	$11,135,000	–	165,015	–	2.54%	–
MSFT	New	MICROSOFT CORP	$10,836,000	–	245,442	–	2.48%	–
FAST	New	FASTENAL COMPANY	$10,295,000	–	244,075	–	2.35%	–
UNP	New	UNION PACIFIC CORP	$10,058,000	–	105,467	–	2.30%	–
ALGT	New	ALLEGIANT TRAVEL COMPANY	$9,908,000	–	55,700	–	2.26%	–
ROP	New	ROPER TECHNOLOGIES	$9,872,000	–	57,240	–	2.26%	–
CHD	New	CHURCH & DWIGHT COMPAN	$9,618,000	–	118,554	–	2.20%	–
SYK	New	STRYKER CORP	$9,337,000	–	97,695	–	2.13%	–
PTC	New	PTC INC.	$9,176,000	–	223,685	–	2.10%	–
EMC	New	E M C CORP MASS	$9,045,000	–	342,754	–	2.07%	–
FDS	New	FACTSET RESEARCH SYS INC	$9,018,000	–	55,491	–	2.06%	–
QCOM	New	QUALCOMM INC	$9,008,000	–	143,823	–	2.06%	–
LKQ	New	LKQ CORPORATION	$8,848,000	–	292,560	–	2.02%	–
PII	New	POLARIS INDUSTRIES INC	$8,695,000	–	58,706	–	1.99%	–
IDXX	New	IDEXX LABORATORIES INC	$8,380,000	–	130,649	–	1.92%	–
BCPC	New	BALCHEM CORP	$8,246,000	–	147,985	–	1.88%	–
GOOG	New	GOOGLE INC CLASS C	$6,579,000	–	12,639	–	1.50%	–
PAY	New	VERIFONE HOLDINGS INC	$6,289,000	–	185,185	–	1.44%	–
FLT	New	FLEETCOR TECHNOLOGIES, INC.	$6,051,000	–	38,775	–	1.38%	–
SSYS	New	STRATASYS LTD	$5,686,000	–	162,775	–	1.30%	–
GOOGL	New	GOOGLE INC CLASS A	$5,564,000	–	10,302	–	1.27%	–
NUAN	New	NUANCE COMMUNICATION INC	$4,814,000	–	274,935	–	1.10%	–
PLL	New	PALL CORP	$4,107,000	–	32,999	–	0.94%	–
ADP	New	AUTO DATA PROCESSING	$1,886,000	–	23,509	–	0.43%	–
USB	New	US BANCORP	$1,800,000	–	41,470	–	0.41%	–
JNJ	New	JOHNSON & JOHNSON	$1,204,000	–	12,354	–	0.28%	–
WBA	New	WALGREENS BOOTS ALLIANCE	$1,079,000	–	12,776	–	0.25%	–
SLB	New	SCHLUMBERGER LTD F	$863,000	–	10,009	–	0.20%	–
PG	New	PROCTER & GAMBLE	$694,000	–	8,868	–	0.16%	–
PEP	New	PEPSICO INCORPORATED	$583,000	–	6,250	–	0.13%	–
GE	New	GENERAL ELECTRIC COMPANY	$462,000	–	17,375	–	0.11%	–
PFE	New	PFIZER INCORPORATED	$455,000	–	13,572	–	0.10%	–
XOM	New	EXXON MOBIL CORPORATION	$449,000	–	5,396	–	0.10%	–
CDK	New	CDK GLOBAL INC	$423,000	–	7,838	–	0.10%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$381,000	–	2,800	–	0.09%	–
AAPL	New	APPLE INC	$335,000	–	2,670	–	0.08%	–
ABBV	New	ABBVIE INC	$295,000	–	4,386	–	0.07%	–
TGT	New	TARGET CORPORATION	$245,000	–	3,000	–	0.06%	–
SYY	New	SYSCO CORPORATION	$229,000	–	6,335	–	0.05%	–
INTC	New	INTEL CORP	$225,000	–	7,414	–	0.05%	–
TMK	New	TORCHMARK CORP	$224,000	–	3,855	–	0.05%	–
T	New	A T & T INC NEW	$221,000	–	6,231	–	0.05%	–
KO	New	COCA COLA COMPANY	$216,000	–	5,512	–	0.05%	–
ABT	New	ABBOTT LABORATORIES	$207,000	–	4,221	–	0.05%	–

Q4 2014

			Value		Shares		↓ Weighting
APOL	Exit	APOLLO GROUP INC CL A	$0	–	-8,349	–	-0.05%	–
T	Exit	A T & T INC NEW	$0	–	-6,271	–	-0.06%	–
TMK	Exit	TORCHMARK CORP	$0	–	-4,305	–	-0.06%	–
EPD	Exit	ENTERPRISE PRD PRTNRS LP	$0	–	-5,852	–	-0.06%	–
KO	Exit	COCA COLA COMPANY	$0	–	-5,512	–	-0.06%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-6,335	–	-0.06%	–
ABBV	Exit	ABBVIE INC	$0	–	-4,386	–	-0.06%	–
INTC	Exit	INTEL CORP	$0	–	-7,414	–	-0.06%	–
AAPL	Exit	APPLE INC	$0	–	-2,670	–	-0.07%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-2,850	–	-0.10%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-13,572	–	-0.10%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-17,909	–	-0.12%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-5,396	–	-0.13%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-6,350	–	-0.15%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-10,642	–	-0.23%	–
WAG	Exit	WALGREEN COMPANY	$0	–	-16,825	–	-0.25%	–
SLB	Exit	SCHLUMBERGER LTD F	$0	–	-10,874	–	-0.28%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-12,393	–	-0.34%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-23,709	–	-0.50%	–
NUAN	Exit	NUANCE COMMUNICATION INC	$0	–	-277,935	–	-1.09%	–
LKQ	Exit	LKQ CORPORATION	$0	–	-228,750	–	-1.54%	–
GOOGL	Exit	GOOGLE INC CLASS A	$0	–	-10,427	–	-1.56%	–
GOOG	Exit	GOOGLE INC CLASS C	$0	–	-10,777	–	-1.58%	–
FDS	Exit	FACTSET RESEARCH SYS INC	$0	–	-53,820	–	-1.66%	–
PTC	Exit	PTC INC.	$0	–	-187,925	–	-1.76%	–
ALGT	Exit	ALLEGIANT TRAVEL COMPANY	$0	–	-56,375	–	-1.77%	–
PLL	Exit	PALL CORP	$0	–	-91,114	–	-1.94%	–
IDXX	Exit	IDEXX LABORATORIES INC	$0	–	-64,823	–	-1.94%	–
BCPC	Exit	BALCHEM CORP	$0	–	-139,935	–	-2.01%	–
SYK	Exit	STRYKER CORP	$0	–	-99,465	–	-2.04%	–
TSCO	Exit	TRACTOR SUPPLY CO	$0	–	-142,520	–	-2.22%	–
QCOM	Exit	QUALCOMM INC	$0	–	-117,616	–	-2.23%	–
USB	Exit	US BANCORP	$0	–	-210,878	–	-2.24%	–
J	Exit	JACOBS ENGINEERNG GROUP	$0	–	-187,032	–	-2.32%	–
SSYS	Exit	STRATASYS LTD	$0	–	-76,402	–	-2.34%	–
CVD	Exit	COVANCE INC	$0	–	-117,461	–	-2.35%	–
FAST	Exit	FASTENAL COMPANY	$0	–	-207,795	–	-2.37%	–
PRLB	Exit	PROTO LABS INC.	$0	–	-141,330	–	-2.48%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-169,010	–	-2.54%	–
ANSS	Exit	ANSYS INC	$0	–	-133,277	–	-2.56%	–
CHD	Exit	CHURCH & DWIGHT COMPAN	$0	–	-151,220	–	-2.69%	–
BBT	Exit	BB&T CORP	$0	–	-286,960	–	-2.71%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-144,414	–	-2.77%	–
ORCL	Exit	ORACLE CORP	$0	–	-287,785	–	-2.80%	–
RMD	Exit	RESMED INC	$0	–	-223,745	–	-2.80%	–
CERN	Exit	CERNER CORP	$0	–	-186,073	–	-2.81%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-102,235	–	-2.81%	–
SRCL	Exit	STERICYCLE INC	$0	–	-95,487	–	-2.82%	–
EMC	Exit	E M C CORP MASS	$0	–	-381,635	–	-2.83%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-242,193	–	-2.85%	–
EBAY	Exit	EBAY INC	$0	–	-199,685	–	-2.87%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-172,995	–	-3.04%	–
AME	Exit	AMETEK INC NEW	$0	–	-244,785	–	-3.12%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-150,602	–	-3.23%	–
PVTB	Exit	PRIVATEBANCORP INC	$0	–	-427,965	–	-3.25%	–
DHR	Exit	DANAHER CORP	$0	–	-179,973	–	-3.47%	–
ECL	Exit	ECOLAB INC	$0	–	-121,826	–	-3.55%	–
FISV	Exit	FISERV INC	$0	–	-263,146	–	-4.32%	–

Q3 2014

			Value		Shares		↓ Weighting
FISV	Sell	FISERV INC	$17,008,000	+4.5%	263,146	-2.4%	4.32%	+7.3%
ECL	Sell	ECOLAB INC	$13,989,000	+0.8%	121,826	-2.3%	3.55%	+3.5%
DHR	Sell	DANAHER CORP	$13,674,000	-5.0%	179,973	-1.6%	3.47%	-2.5%
PVTB	Sell	PRIVATEBANCORP INC	$12,800,000	+2.3%	427,965	-0.7%	3.25%	+5.0%
ITW	Sell	ILLINOIS TOOL WORKS INC	$12,714,000	-4.7%	150,602	-1.1%	3.23%	-2.1%
AME	Sell	AMETEK INC NEW	$12,291,000	-4.6%	244,785	-0.7%	3.12%	-2.1%
ADBE	Sell	ADOBE SYSTEMS INC	$11,970,000	-7.8%	172,995	-3.6%	3.04%	-5.3%
EBAY	Buy	EBAY INC	$11,308,000	+13.2%	199,685	+0.1%	2.87%	+16.3%
MSFT	Sell	MICROSOFT CORP	$11,228,000	+8.8%	242,193	-2.1%	2.85%	+11.7%
EMC	Sell	E M C CORP MASS	$11,167,000	+9.1%	381,635	-1.8%	2.83%	+12.0%
SRCL	Sell	STERICYCLE INC	$11,130,000	-3.2%	95,487	-1.6%	2.82%	-0.6%
CERN	Sell	CERNER CORP	$11,084,000	+13.8%	186,073	-1.5%	2.81%	+16.8%
UNP	Sell	UNION PACIFIC CORP	$11,084,000	+5.2%	102,235	-3.2%	2.81%	+8.0%
RMD	Sell	RESMED INC	$11,024,000	-3.9%	223,745	-1.3%	2.80%	-1.3%
ORCL	Sell	ORACLE CORP	$11,016,000	-6.8%	287,785	-1.3%	2.80%	-4.3%
SBUX	Sell	STARBUCKS CORP	$10,898,000	-2.9%	144,414	-0.5%	2.77%	-0.3%
BBT	Sell	BB&T CORP	$10,678,000	-6.1%	286,960	-0.5%	2.71%	-3.6%
CHD	Sell	CHURCH & DWIGHT COMPAN	$10,610,000	-0.9%	151,220	-1.2%	2.69%	+1.8%
ANSS	Sell	ANSYS INC	$10,085,000	-0.3%	133,277	-0.1%	2.56%	+2.4%
TJX	Buy	TJX COMPANIES INC	$10,000,000	+28.3%	169,010	+15.2%	2.54%	+31.7%
PRLB	Buy	PROTO LABS INC.	$9,752,000	-14.2%	141,330	+1.9%	2.48%	-11.9%
FAST	Sell	FASTENAL COMPANY	$9,330,000	-10.0%	207,795	-0.8%	2.37%	-7.6%
CVD	Sell	COVANCE INC	$9,244,000	-8.2%	117,461	-0.2%	2.35%	-5.7%
SSYS	Sell	STRATASYS LTD	$9,228,000	+5.3%	76,402	-1.0%	2.34%	+8.1%
J	Buy	JACOBS ENGINEERNG GROUP	$9,131,000	-7.2%	187,032	+1.3%	2.32%	-4.7%
USB	Sell	US BANCORP	$8,821,000	-4.3%	210,878	-0.9%	2.24%	-1.8%
QCOM	Sell	QUALCOMM INC	$8,794,000	-6.6%	117,616	-1.1%	2.23%	-4.1%
TSCO	Buy	TRACTOR SUPPLY CO	$8,766,000	+54.5%	142,520	+51.7%	2.22%	+58.7%
SYK	Sell	STRYKER CORP	$8,032,000	-6.0%	99,465	-1.8%	2.04%	-3.4%
BCPC	Sell	BALCHEM CORP	$7,916,000	+4.8%	139,935	-0.8%	2.01%	+7.5%
IDXX	Sell	IDEXX LABORATORIES INC	$7,638,000	-11.9%	64,823	-0.1%	1.94%	-9.5%
PLL	Sell	PALL CORP	$7,626,000	-2.4%	91,114	-0.4%	1.94%	+0.3%
ALGT	Buy	ALLEGIANT TRAVEL COMPANY	$6,971,000	+5.1%	56,375	+0.1%	1.77%	+7.9%
PTC	Buy	PTC INC.	$6,934,000	-4.1%	187,925	+0.9%	1.76%	-1.5%
FDS	Sell	FACTSET RESEARCH SYS INC	$6,541,000	+0.0%	53,820	-1.0%	1.66%	+2.7%
GOOG	Buy	GOOGLE INC CLASS C	$6,222,000	+0.5%	10,777	+0.1%	1.58%	+3.1%
LKQ	New	LKQ CORPORATION	$6,082,000	–	228,750	–	1.54%	–
NUAN	Sell	NUANCE COMMUNICATION INC	$4,284,000	-19.3%	277,935	-1.8%	1.09%	-17.2%
WAG	Sell	WALGREEN COMPANY	$997,000	-93.7%	16,825	-92.1%	0.25%	-93.5%
PG	Sell	PROCTER & GAMBLE	$891,000	-1.3%	10,642	-7.4%	0.23%	+1.3%
XOM	Sell	EXXON MOBIL CORPORATION	$507,000	-55.8%	5,396	-52.7%	0.13%	-54.6%
GE	Sell	GENERAL ELECTRIC COMPANY	$459,000	-10.2%	17,909	-7.8%	0.12%	-7.1%
PFE	Sell	PFIZER INCORPORATED	$401,000	-23.8%	13,572	-23.4%	0.10%	-21.5%
BRKB	Buy	BERKSHIRE HATHAWAY B NEW CLASS	$394,000	+11.3%	2,850	+1.8%	0.10%	+13.6%
AAPL	New	APPLE INC	$269,000	–	2,670	–	0.07%	–
EPD	Buy	ENTERPRISE PRD PRTNRS LP	$236,000	+3.1%	5,852	+99.9%	0.06%	+5.3%
TMK	Buy	TORCHMARK CORP	$225,000	-4.3%	4,305	+50.0%	0.06%	-1.7%
T	Buy	A T & T INC NEW	$221,000	+4.7%	6,271	+5.0%	0.06%	+7.7%
APOL	Sell	APOLLO GROUP INC CL A	$210,000	-28.8%	8,349	-11.6%	0.05%	-27.4%

Q2 2014

			Value		Shares		↓ Weighting
FISV	New	FISERV INC	$16,269,000	–	269,711	–	4.02%	–
WAG	New	WALGREEN COMPANY	$15,774,000	–	212,791	–	3.90%	–
DHR	New	DANAHER CORP DEL	$14,399,000	–	182,888	–	3.56%	–
ECL	New	ECOLAB INC	$13,878,000	–	124,641	–	3.43%	–
ITW	New	ILLINOIS TOOL WORKS INC	$13,338,000	–	152,327	–	3.30%	–
ADBE	New	ADOBE SYSTEMS INC	$12,982,000	–	179,405	–	3.21%	–
AME	New	AMETEK INC NEW	$12,890,000	–	246,557	–	3.19%	–
PVTB	New	PRIVATEBANCORP INC	$12,518,000	–	430,765	–	3.09%	–
ORCL	New	ORACLE CORPORATION	$11,822,000	–	291,695	–	2.92%	–
SRCL	New	STERICYCLE INC	$11,493,000	–	97,052	–	2.84%	–
RMD	New	RESMED INC	$11,475,000	–	226,650	–	2.84%	–
BBT	New	BB&T CORPORATION	$11,376,000	–	288,520	–	2.81%	–
PRLB	New	PROTO LABS INC.	$11,360,000	–	138,670	–	2.81%	–
SBUX	New	STARBUCKS CORP	$11,226,000	–	145,079	–	2.78%	–
CHD	New	CHURCH & DWIGHT CO INC	$10,704,000	–	153,025	–	2.65%	–
UNP	New	UNION PACIFIC CORP	$10,540,000	–	105,660	–	2.60%	–
FAST	New	FASTENAL CO	$10,364,000	–	209,410	–	2.56%	–
MSFT	New	MICROSOFT CORP	$10,320,000	–	247,488	–	2.55%	–
EMC	New	E M C CORP MASS	$10,235,000	–	388,585	–	2.53%	–
ANSS	New	ANSYS INC	$10,115,000	–	133,402	–	2.50%	–
CVD	New	COVANCE INC	$10,068,000	–	117,641	–	2.49%	–
EBAY	New	EBAY INC.	$9,986,000	–	199,485	–	2.47%	–
J	New	JACOBS ENGINEERING GROUP	$9,840,000	–	184,682	–	2.43%	–
CERN	New	CERNER CORP	$9,742,000	–	188,873	–	2.41%	–
QCOM	New	QUALCOMM INC	$9,417,000	–	118,896	–	2.33%	–
USB	New	US BANCORP DEL NEW	$9,221,000	–	212,868	–	2.28%	–
SSYS	New	STRATASYS LTD.	$8,767,000	–	77,152	–	2.17%	–
IDXX	New	IDEXX LABS INC.	$8,668,000	–	64,898	–	2.14%	–
SYK	New	STRYKER CORP	$8,541,000	–	101,295	–	2.11%	–
PLL	New	PALL CORP	$7,812,000	–	91,489	–	1.93%	–
TJX	New	T J X COS INC	$7,795,000	–	146,665	–	1.93%	–
BCPC	New	BALCHEM CORP	$7,557,000	–	141,085	–	1.87%	–
PTC	New	PTC INC.	$7,228,000	–	186,300	–	1.79%	–
ALGT	New	ALLEGIANT TRAVEL COMPANY	$6,630,000	–	56,300	–	1.64%	–
FDS	New	FACTSET RESEARCH SYSTEMS	$6,540,000	–	54,370	–	1.62%	–
GOOG	New	GOOGLE INC CLASS C	$6,194,000	–	10,767	–	1.53%	–
GOOGL	New	GOOGLE INC CLASS A	$6,097,000	–	10,427	–	1.51%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$5,673,000	–	93,920	–	1.40%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$5,310,000	–	282,910	–	1.31%	–
ADP	New	AUTO DATA PROCESSING	$1,880,000	–	23,709	–	0.46%	–
JNJ	New	JOHNSON & JOHNSON	$1,297,000	–	12,393	–	0.32%	–
SLB	New	SCHLUMBERGER LTD F	$1,283,000	–	10,874	–	0.32%	–
XOM	New	EXXON MOBIL CORPORATION	$1,147,000	–	11,396	–	0.28%	–
PG	New	PROCTER & GAMBLE	$903,000	–	11,492	–	0.22%	–
PEP	New	PEPSICO INCORPORATED	$567,000	–	6,350	–	0.14%	–
PFE	New	PFIZER INCORPORATED	$526,000	–	17,709	–	0.13%	–
GE	New	GENERAL ELECTRIC COMPANY	$511,000	–	19,434	–	0.13%	–
BRKB	New	BERKSHIRE HATHAWAY B NEW CLASS	$354,000	–	2,800	–	0.09%	–
APOL	New	APOLLO GROUP INC CL A	$295,000	–	9,449	–	0.07%	–
ABBV	New	ABBVIE INC	$248,000	–	4,386	–	0.06%	–
SYY	New	SYSCO CORPORATION	$237,000	–	6,335	–	0.06%	–
TMK	New	TORCHMARK CORP	$235,000	–	2,870	–	0.06%	–
KO	New	COCA COLA COMPANY	$233,000	–	5,512	–	0.06%	–
EPD	New	ENTERPRISE PRD PRTNRS LP	$229,000	–	2,927	–	0.06%	–
INTC	New	INTEL CORP	$229,000	–	7,414	–	0.06%	–
T	New	A T & T INC NEW	$211,000	–	5,971	–	0.05%	–

Q4 2013

			Value		Shares		↓ Weighting
EPD	Exit	ENTERPRISE PRD PRTNRS LP	$0	–	-3,395	–	-0.06%	–
KO	Exit	COCA COLA COMPANY	$0	–	-5,572	–	-0.06%	–
TMK	Exit	TORCHMARK CORP	$0	–	-3,005	–	-0.06%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-9,335	–	-0.06%	–
ABBV	Exit	ABBVIE INC	$0	–	-4,886	–	-0.06%	–
NBTB	Exit	NBT BANCORP	$0	–	-9,884	–	-0.06%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-7,435	–	-0.06%	–
T	Exit	A T T INC NEW	$0	–	-8,571	–	-0.08%	–
APOL	Exit	APOLLO GROUP INC CL A	$0	–	-14,586	–	-0.08%	–
BRKB	Exit	BERKSHIRE HATHAWAY B NEW CLASS	$0	–	-2,800	–	-0.08%	–
TGT	Exit	TARGET CORPORATION	$0	–	-6,776	–	-0.12%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-17,209	–	-0.13%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-22,534	–	-0.14%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-8,650	–	-0.18%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-12,259	–	-0.28%	–
PG	Exit	PROCTER GAMBLE	$0	–	-14,396	–	-0.29%	–
JNJ	Exit	JOHNSON JOHNSON	$0	–	-13,993	–	-0.32%	–
SLB	Exit	SCHLUMBERGER LTD F	$0	–	-13,949	–	-0.33%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-24,259	–	-0.47%	–
ROVI	Exit	ROVI CORPORATION	$0	–	-218,530	–	-1.12%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-77,650	–	-1.39%	–
PRLB	Exit	PROTO LABS INC.	$0	–	-69,385	–	-1.41%	–
FDS	Exit	FACTSET RESEARCH SYSTEMS	$0	–	-49,220	–	-1.43%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-342,285	–	-1.70%	–
IDXX	Exit	IDEXX LABS INC.	$0	–	-66,223	–	-1.76%	–
EMC	Exit	E M C CORP MASS	$0	–	-275,235	–	-1.87%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-45,340	–	-1.88%	–
PLL	Exit	PALL CORP	$0	–	-91,714	–	-1.88%	–
EXPD	Exit	EXPEDITORS INTL WASH	$0	–	-160,861	–	-1.89%	–
SYK	Exit	STRYKER CORP	$0	–	-107,485	–	-1.93%	–
BCPC	Exit	BALCHEM CORP	$0	–	-157,535	–	-2.17%	–
USB	Exit	U S BANCORP DEL NEW	$0	–	-225,082	–	-2.19%	–
CHD	Exit	CHURCH DWIGHT CO INC	$0	–	-138,050	–	-2.21%	–
QCOM	Exit	QUALCOMM INC	$0	–	-125,644	–	-2.25%	–
WAT	Exit	WATERS CORP	$0	–	-79,864	–	-2.26%	–
SSYS	Exit	STRATASYS LTD.	$0	–	-83,908	–	-2.26%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-257,163	–	-2.28%	–
TJX	Exit	T J X COS INC	$0	–	-151,740	–	-2.28%	–
FAST	Exit	FASTENAL CO	$0	–	-191,260	–	-2.56%	–
CVD	Exit	COVANCE INC	$0	–	-112,436	–	-2.59%	–
BBT	Exit	BBT CORPORATION	$0	–	-288,920	–	-2.60%	–
CERN	Exit	CERNER CORP	$0	–	-190,573	–	-2.67%	–
GOOGL	Exit	GOOGLE INC CLASS A	$0	–	-11,450	–	-2.67%	–
EBAY	Exit	EBAY INC.	$0	–	-180,400	–	-2.68%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-308,312	–	-2.72%	–
PVTB	Exit	PRIVATEBANCORP INC	$0	–	-490,675	–	-2.80%	–
J	Exit	JACOBS ENGINEERING GROUP	$0	–	-185,832	–	-2.88%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-208,555	–	-2.88%	–
SRCL	Exit	STERICYCLE INC	$0	–	-98,088	–	-3.01%	–
ANSS	Exit	ANSYS INC	$0	–	-133,132	–	-3.07%	–
RMD	Exit	RESMED INC	$0	–	-223,625	–	-3.14%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-155,164	–	-3.18%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-160,602	–	-3.26%	–
AME	Exit	AMETEK INC NEW	$0	–	-277,655	–	-3.40%	–
WAG	Exit	WALGREEN COMPANY	$0	–	-239,264	–	-3.43%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-199,588	–	-3.68%	–
ECL	Exit	ECOLAB INC	$0	–	-141,226	–	-3.71%	–
FISV	Exit	FISERV INC	$0	–	-149,439	–	-4.02%	–

Q3 2013

			Value		Shares		↓ Weighting
FISV	Sell	FISERV INC	$15,101,000	+14.6%	149,439	-0.8%	4.02%	+6.2%
ECL	Sell	ECOLAB INC	$13,947,000	+14.2%	141,226	-1.5%	3.71%	+5.8%
DHR	Sell	DANAHER CORP DEL	$13,835,000	+8.6%	199,588	-0.8%	3.68%	+0.6%
WAG	Sell	WALGREEN COMPANY	$12,872,000	+21.2%	239,264	-0.4%	3.43%	+12.2%
AME	Sell	AMETEK INC NEW	$12,778,000	+7.3%	277,655	-1.4%	3.40%	-0.6%
ITW	Buy	ILLINOIS TOOL WORKS INC	$12,249,000	+11.3%	160,602	+0.9%	3.26%	+3.0%
SBUX	Sell	STARBUCKS CORP	$11,943,000	+13.8%	155,164	-3.2%	3.18%	+5.4%
RMD	Sell	RESMED INC	$11,812,000	+16.4%	223,625	-0.5%	3.14%	+7.8%
ANSS	Sell	ANSYS INC	$11,519,000	+17.1%	133,132	-1.1%	3.07%	+8.4%
SRCL	Sell	STERICYCLE INC	$11,319,000	+3.6%	98,088	-0.8%	3.01%	-4.0%
ADBE	Sell	ADOBE SYSTEMS INC	$10,832,000	+12.7%	208,555	-1.1%	2.88%	+4.3%
J	Sell	JACOBS ENGINEERING GROUP	$10,812,000	+4.5%	185,832	-1.0%	2.88%	-3.2%
PVTB	Sell	PRIVATEBANCORP INC	$10,500,000	-0.8%	490,675	-1.6%	2.80%	-8.1%
ORCL	Buy	ORACLE CORPORATION	$10,227,000	+9.0%	308,312	+0.9%	2.72%	+0.9%
EBAY	Buy	EBAY INC.	$10,065,000	+50.4%	180,400	+39.5%	2.68%	+39.3%
GOOGL	Sell	GOOGLE INC CLASS A	$10,030,000	-0.8%	11,450	-0.3%	2.67%	-8.2%
CERN	Buy	CERNER CORP	$10,015,000	+9.7%	190,573	+0.3%	2.67%	+1.6%
BBT	Buy	BBT CORPORATION	$9,751,000	+0.3%	288,920	+0.7%	2.60%	-7.1%
CVD	Sell	COVANCE INC	$9,721,000	+11.7%	112,436	-1.6%	2.59%	+3.4%
FAST	Buy	FASTENAL CO	$9,615,000	+11.1%	191,260	+1.2%	2.56%	+2.8%
TJX	Buy	T J X COS INC	$8,557,000	+12.9%	151,740	+0.2%	2.28%	+4.5%
MSFT	Sell	MICROSOFT CORP	$8,558,000	-6.2%	257,163	-2.7%	2.28%	-13.2%
SSYS	Sell	STRATASYS LTD.	$8,497,000	+9.7%	83,908	-9.3%	2.26%	+1.6%
WAT	Sell	WATERS CORP	$8,482,000	-19.6%	79,864	-24.3%	2.26%	-25.5%
QCOM	Sell	QUALCOMM INC	$8,458,000	-4.1%	125,644	-13.0%	2.25%	-11.2%
CHD	Buy	CHURCH DWIGHT CO INC	$8,290,000	+16.6%	138,050	+19.9%	2.21%	+8.0%
USB	Sell	U S BANCORP DEL NEW	$8,234,000	-1.2%	225,082	-2.4%	2.19%	-8.5%
BCPC	Sell	BALCHEM CORP	$8,152,000	+13.3%	157,535	-2.0%	2.17%	+4.9%
SYK	Sell	STRYKER CORP	$7,265,000	+0.4%	107,485	-3.9%	1.93%	-7.0%
EXPD	Buy	EXPEDITORS INTL WASH	$7,088,000	+18.5%	160,861	+2.3%	1.89%	+9.8%
PLL	Buy	PALL CORP	$7,066,000	+16.8%	91,714	+0.7%	1.88%	+8.2%
UNP	Buy	UNION PACIFIC CORP	$7,043,000	+17.7%	45,340	+16.9%	1.88%	+9.0%
EMC	Buy	E M C CORP MASS	$7,035,000	+9.8%	275,235	+1.4%	1.87%	+1.7%
IDXX	Buy	IDEXX LABS INC.	$6,599,000	+15.1%	66,223	+3.6%	1.76%	+6.7%
NUAN	Buy	NUANCE COMMUNICATIONS INC	$6,394,000	+5.5%	342,285	+3.9%	1.70%	-2.4%
FDS	New	FACTSET RESEARCH SYSTEMS	$5,370,000	–	49,220	–	1.43%	–
PRLB	Buy	PROTO LABS INC.	$5,300,000	+19.0%	69,385	+1.2%	1.41%	+10.2%
TSCO	New	TRACTOR SUPPLY COMPANY	$5,216,000	–	77,650	–	1.39%	–
ROVI	Sell	ROVI CORPORATION	$4,189,000	-16.2%	218,530	-0.2%	1.12%	-22.4%
ADP	Sell	AUTO DATA PROCESSING	$1,756,000	-2.5%	24,259	-7.3%	0.47%	-9.8%
SLB	Sell	SCHLUMBERGER LTD F	$1,233,000	+8.8%	13,949	-11.8%	0.33%	+0.6%
JNJ	Sell	JOHNSON JOHNSON	$1,213,000	-8.7%	13,993	-9.5%	0.32%	-15.4%
PG	Sell	PROCTER GAMBLE	$1,088,000	-4.8%	14,396	-3.0%	0.29%	-11.9%
XOM	Buy	EXXON MOBIL CORPORATION	$1,055,000	+1.1%	12,259	+6.1%	0.28%	-6.3%
PEP	Sell	PEPSICO INCORPORATED	$688,000	-15.3%	8,650	-12.8%	0.18%	-21.5%
GE	Buy	GENERAL ELECTRIC COMPANY	$538,000	+10.7%	22,534	+7.5%	0.14%	+2.1%
PFE	Sell	PFIZER INCORPORATED	$494,000	-6.3%	17,209	-8.5%	0.13%	-13.2%
TGT	Sell	TARGET CORPORATION	$434,000	-95.8%	6,776	-95.5%	0.12%	-96.1%
APOL	Sell	APOLLO GROUP INC CL A	$304,000	+15.2%	14,586	-2.1%	0.08%	+6.6%
T	Buy	A T T INC NEW	$290,000	+1.4%	8,571	+6.2%	0.08%	-6.1%
NBTB	Sell	NBT BANCORP	$227,000	-24.6%	9,884	-30.4%	0.06%	-31.0%
CSCO	Sell	CISCO SYSTEMS INC	$219,000	-6.8%	9,335	-3.4%	0.06%	-14.7%
TMK	Sell	TORCHMARK CORP	$217,000	+5.9%	3,005	-4.5%	0.06%	-1.7%
KO	New	COCA COLA COMPANY	$211,000	–	5,572	–	0.06%	–
CHRW	Exit	CH ROBINSON WORLDWD	$0	–	-28,968	–	-0.47%	–

Q2 2013

			Value		Shares		↓ Weighting
FISV	New	FISERV INC	$13,172,000	–	150,689	–	3.79%	–
DHR	New	DANAHER CORP DEL	$12,739,000	–	201,253	–	3.66%	–
ECL	New	ECOLAB INC	$12,208,000	–	143,306	–	3.51%	–
AME	New	AMETEK INC	$11,908,000	–	281,505	–	3.42%	–
ITW	New	ILLINOIS TOOL WORKS INC	$11,008,000	–	159,147	–	3.16%	–
SRCL	New	STERICYCLE INC	$10,924,000	–	98,918	–	3.14%	–
WAG	New	WALGREEN COMPANY	$10,623,000	–	240,334	–	3.05%	–
PVTB	New	PRIVATEBANCORP INC	$10,581,000	–	498,525	–	3.04%	–
WAT	New	WATERS CORP	$10,549,000	–	105,439	–	3.03%	–
SBUX	New	STARBUCKS CORP	$10,497,000	–	160,239	–	3.02%	–
J	New	JACOBS ENGINEERING GROUP	$10,346,000	–	187,657	–	2.97%	–
TGT	New	TARGET CORP	$10,339,000	–	150,150	–	2.97%	–
RMD	New	RESMED INC	$10,144,000	–	224,770	–	2.92%	–
GOOGL	New	GOOGLE INC CLASS A	$10,111,000	–	11,484	–	2.91%	–
ANSS	New	ANSYS INC	$9,838,000	–	134,582	–	2.83%	–
BBT	New	BBT CORP	$9,723,000	–	286,995	–	2.80%	–
ADBE	New	ADOBE SYSTEMS INC	$9,612,000	–	210,980	–	2.76%	–
ORCL	New	ORACLE CORP	$9,384,000	–	305,562	–	2.70%	–
CERN	New	CERNER CORP	$9,128,000	–	190,008	–	2.62%	–
MSFT	New	MICROSOFT CORP	$9,126,000	–	264,188	–	2.62%	–
QCOM	New	QUALCOMM INC	$8,823,000	–	144,419	–	2.54%	–
CVD	New	COVANCE INC	$8,704,000	–	114,311	–	2.50%	–
FAST	New	FASTENAL CO	$8,658,000	–	189,075	–	2.49%	–
USB	New	US BANCORP DEL	$8,333,000	–	230,507	–	2.40%	–
SSYS	New	STRATASYS LTD	$7,747,000	–	92,518	–	2.23%	–
TJX	New	TJX COS INC	$7,579,000	–	151,390	–	2.18%	–
SYK	New	STRYKER CORP	$7,235,000	–	111,860	–	2.08%	–
BCPC	New	BALCHEM CORP	$7,193,000	–	160,735	–	2.07%	–
CHD	New	CHURCH DWIGHT CO INC	$7,107,000	–	115,170	–	2.04%	–
EBAY	New	EBAY INC	$6,690,000	–	129,345	–	1.92%	–
EMC	New	E M C CORP MASS	$6,409,000	–	271,335	–	1.84%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$6,063,000	–	329,485	–	1.74%	–
PLL	New	PALL CORP	$6,050,000	–	91,069	–	1.74%	–
UNP	New	UNION PACIFIC CORP	$5,985,000	–	38,795	–	1.72%	–
EXPD	New	EXPEDITORS INTL WASH	$5,979,000	–	157,186	–	1.72%	–
IDXX	New	IDEXX LABS INC	$5,731,000	–	63,898	–	1.65%	–
ROVI	New	ROVI CORP	$4,999,000	–	218,880	–	1.44%	–
PRLB	New	PROTO LABS INC	$4,453,000	–	68,535	–	1.28%	–
ADP	New	AUTO DATA PROCESSING	$1,801,000	–	26,159	–	0.52%	–
CHRW	New	CH ROBINSON WORLDWD	$1,631,000	–	28,968	–	0.47%	–
JNJ	New	JOHNSON JOHNSON	$1,328,000	–	15,468	–	0.38%	–
PG	New	PROCTOR GAMBLE	$1,143,000	–	14,846	–	0.33%	–
SLB	New	SCHLUMBERGER LTD F	$1,133,000	–	15,813	–	0.33%	–
XOM	New	EXXON MOBILE CORP	$1,044,000	–	11,559	–	0.30%	–
PEP	New	PEPSICO INC	$812,000	–	9,925	–	0.23%	–
PFE	New	PFIZER INC	$527,000	–	18,801	–	0.15%	–
GE	New	GENERAL ELECTRIC CO	$486,000	–	20,964	–	0.14%	–
BRKB	New	BERKSHIRE HATHAWAY B	$313,000	–	2,800	–	0.09%	–
NBTB	New	NBT BANCORP	$301,000	–	14,211	–	0.09%	–
T	New	A T T INC NEW	$286,000	–	8,071	–	0.08%	–
APOL	New	APOLLO GROUP INC CL A	$264,000	–	14,901	–	0.08%	–
SYY	New	SYSCO CORP	$254,000	–	7,435	–	0.07%	–
CSCO	New	CISCO SYSTEMS INC	$235,000	–	9,660	–	0.07%	–
EPD	New	ENTERPRISE PRD PRTNRS LP	$211,000	–	3,395	–	0.06%	–
TMK	New	TORCHMARK CORP	$205,000	–	3,145	–	0.06%	–
ABBV	New	ABBVIE INC	$202,000	–	4,886	–	0.06%	–

Compare quarters

Export Capital Investment Services of America, Inc.'s holdings