TRAIN BABCOCK ADVISORS LLC Activity Q4 1999-Q4 2017

Q4 2017

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRUSTetf	$16,380,000	–	61,378	–	7.22%	–
AAPL	Sell	APPLE INC	$14,082,000	+1.6%	83,211	-7.4%	6.20%	-19.7%
ACN	Sell	ACCENTURE PLC	$8,112,000	+6.6%	52,988	-6.0%	3.57%	-15.8%
VNTV	Sell	VANTIV INC	$7,704,000	-2.8%	104,746	-6.8%	3.39%	-23.2%
QQQ	New	POWERSHARES QQQ TRUST UNIT SERetf	$7,251,000	–	46,549	–	3.19%	–
UNH	Sell	UNITEDHEALTH GROUP INC	$6,787,000	+5.3%	30,782	-6.5%	2.99%	-16.9%
GOOG	Sell	ALPHABET INC CLASS C	$6,333,000	-1.5%	6,052	-9.7%	2.79%	-22.2%
MAS	Sell	MASCO CORP	$6,278,000	+4.7%	142,865	-7.0%	2.76%	-17.3%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTD	$5,899,000	-10.8%	56,927	-1.9%	2.60%	-29.6%
NKE	Sell	NIKE INC CLASS B	$5,834,000	+11.9%	93,272	-7.2%	2.57%	-11.6%
ZTS	Sell	ZOETIS INC.	$5,084,000	+2.3%	70,570	-9.4%	2.24%	-19.2%
VZ	Sell	VERIZON COMMUNICATIONS	$5,067,000	-0.5%	95,746	-6.9%	2.23%	-21.4%
AJG	Sell	GALLAGHER ARTHUR J AND CO	$4,506,000	-0.2%	71,208	-3.0%	1.98%	-21.2%
AMLP	New	ALERIAN MLP ETFetf	$4,417,000	–	409,367	–	1.95%	–
V	Sell	VISA INC CL A CLASS A	$4,406,000	+1.0%	38,644	-6.8%	1.94%	-20.2%
BABA	Sell	ALIBABA GROUP HLDG LTD	$4,388,000	-9.7%	25,447	-9.5%	1.93%	-28.6%
GOOGL	Sell	ALPHABET INC CLASS A	$4,215,000	-1.3%	4,001	-8.8%	1.86%	-22.0%
HACK	New	PUREFUNDS ISE CYBER SECURITY Eetf	$4,206,000	–	132,930	–	1.85%	–
MS	Sell	MORGAN STANLEY	$4,124,000	+5.3%	78,612	-3.3%	1.82%	-16.8%
FB	Sell	FACEBOOK INC CLASS A	$3,983,000	-3.1%	22,571	-6.2%	1.75%	-23.5%
FDX	Sell	FEDEX CORPORATION	$3,934,000	+2.3%	15,765	-7.5%	1.73%	-19.2%
MDY	New	SPDR S&P MIDCAP 400 ETF TRUSTetf	$3,865,000	–	11,190	–	1.70%	–
PF	Sell	PINNACLE FOODS INC	$3,659,000	-4.0%	61,538	-7.7%	1.61%	-24.1%
CNC	Sell	CENTENE CORP	$3,645,000	-34.0%	36,139	-36.6%	1.60%	-47.9%
BRKB	Sell	BERKSHIRE HATHAWAY INC CL B	$3,555,000	+4.6%	17,934	-3.2%	1.57%	-17.4%
EME	Sell	EMCOR GROUP INC.	$3,361,000	+10.9%	41,115	-5.9%	1.48%	-12.4%
XLY	New	SECTOR SPDR CONSUMER FD SHARESetf	$3,359,000	–	34,038	–	1.48%	–
GLW	Sell	CORNING INC	$3,324,000	-2.7%	103,906	-9.0%	1.46%	-23.1%
HEDJ	New	WISDOMTREE EUROPE ETF HEDGED Eetf	$3,300,000	–	51,798	–	1.45%	–
XOM	Sell	EXXON MOBIL CORP	$3,273,000	-10.5%	39,129	-12.4%	1.44%	-29.3%
DNKN	Sell	DUNKIN' BRANDS GROUP INC.	$3,163,000	+10.3%	49,060	-9.2%	1.39%	-12.9%
WAB	Sell	WABTEC CORP.	$2,841,000	-0.4%	34,892	-7.3%	1.25%	-21.4%
MDLZ	Buy	MONDELEZ INTERNATIONAL INC	$2,624,000	+12.3%	61,328	+6.7%	1.16%	-11.3%
JNJ	Sell	JOHNSON AND JOHNSON CO	$2,604,000	-18.1%	18,636	-23.8%	1.15%	-35.3%
PG	Sell	PROCTER AND GAMBLE CO	$2,482,000	-18.1%	27,008	-18.9%	1.09%	-35.3%
VIS	New	VANGUARD INDUSTRIALSetf	$2,335,000	–	16,400	–	1.03%	–
SLB	Sell	SCHLUMBERGER LTD	$2,307,000	-37.8%	34,228	-35.7%	1.02%	-50.9%
DHR	Sell	DANAHER CORP DEL	$2,252,000	+2.4%	24,256	-5.4%	0.99%	-19.2%
HAL	Buy	HALLIBURTON CO	$2,226,000	+66.1%	45,540	+56.4%	0.98%	+31.2%
VO	New	VANGUARD INDEX FDS MID CAP ETFetf	$1,999,000	–	12,917	–	0.88%	–
FITB	Sell	FIFTH THIRD BANCORP	$1,942,000	+0.5%	64,010	-7.3%	0.86%	-20.7%
ZTO	Sell	ZTO EXPRESS (CAYMAN) INC - ADR	$1,933,000	-1.9%	121,980	-13.1%	0.85%	-22.6%
VB	New	VANGUARD SMALL-CAP ETFetf	$1,910,000	–	12,922	–	0.84%	–
XLI	New	SECTOR SPDR INDL SELECT SHARESetf	$1,788,000	–	23,631	–	0.79%	–
DGS	New	WISDOMTREE TRUST EMERGING SMALetf	$1,611,000	–	30,895	–	0.71%	–
PAYX	Sell	PAYCHEX INC	$1,573,000	-3.2%	23,108	-14.7%	0.69%	-23.5%
VWO	New	VANGUARD FTSE EMERGING MARKETSetf	$1,498,000	–	32,636	–	0.66%	–
BAC	Sell	BANK OF AMERICA CORP	$1,342,000	+13.4%	45,439	-2.7%	0.59%	-10.5%
XHB	New	SPDR S&P HOMEBUILDERS ETFetf	$1,340,000	–	30,265	–	0.59%	–
STT	Sell	STATE STREET CORP	$1,019,000	-6.4%	10,436	-8.5%	0.45%	-26.0%
SDY	New	SPDR S&P DIVIDEND ETFetf	$929,000	–	9,832	–	0.41%	–
FDN	New	FIRST TRUST DJ INTERNET IDX FDetf	$912,000	–	8,300	–	0.40%	–
BBH	New	VANECK VECTORS BIOTECH ETFetf	$902,000	–	7,237	–	0.40%	–
FTV	Sell	FORTIVE CORPORATION	$863,000	-3.4%	11,932	-5.5%	0.38%	-23.7%
BIDU	Sell	BAIDU INC ADR F SPONSORED ADR	$839,000	-36.1%	3,582	-32.4%	0.37%	-49.5%
XBI	New	SPDR SERIES TRUST S&P BIOTECHetf	$815,000	–	9,595	–	0.36%	–
XLV	New	HEALTH CARE SELECT SECTOR SPDRetf	$797,000	–	9,638	–	0.35%	–
CVS	Sell	CVS CAREMARK CORP	$755,000	-44.4%	10,414	-37.7%	0.33%	-56.1%
ABBV	Sell	ABBVIE INC	$704,000	-23.7%	7,285	-29.8%	0.31%	-39.8%
HD	Sell	HOME DEPOT INC	$668,000	-15.3%	3,523	-27.0%	0.29%	-33.2%
XLE	New	ENERGY SELECT SECTOR ETFetf	$650,000	–	9,000	–	0.29%	–
ITB	New	iSHARES DJ US HOME CONSTRUCTIOetf	$611,000	–	13,984	–	0.27%	–
MRK	Buy	MERCK AND CO INC	$609,000	+5.4%	10,810	+19.8%	0.27%	-16.8%
IVOO	New	VANGUARD S&P MID-CAP 400 ETFetf	$540,000	–	4,220	–	0.24%	–
IYH	New	ISHARES TR DJ US HEALTHCRetf	$523,000	–	3,000	–	0.23%	–
IWS	New	ISHARES RUSSELL VALUE MIDCAP Vetf	$508,000	–	5,700	–	0.22%	–
AVY	Sell	AVERY DENNISON CORP	$454,000	-3.8%	3,950	-17.7%	0.20%	-24.0%
RDSA	Sell	ROYAL DUTCH PLC ADR	$434,000	-18.6%	6,500	-26.1%	0.19%	-35.7%
KO	Sell	COCA COLA CO	$413,000	-13.6%	9,000	-15.1%	0.18%	-31.8%
PM	Sell	PHILIP MORRIS INTERNATIONAL IN	$410,000	-28.6%	3,878	-25.1%	0.18%	-43.4%
PYPL	Sell	PAYPAL HOLDINGS, INC	$392,000	+12.6%	5,330	-2.0%	0.17%	-10.8%
VCR	New	VANGUARD CNSMR DSCRTNARYetf	$390,000	–	2,500	–	0.17%	–
IEO	New	ISHARES US OIL & GAS EXPLORATIetf	$359,000	–	5,525	–	0.16%	–
INTC	Sell	INTEL CORP	$331,000	-38.2%	7,175	-49.0%	0.15%	-51.2%
PFE	Sell	PFIZER INCORPORATED	$328,000	-26.0%	9,076	-26.9%	0.14%	-41.7%
MO	Sell	ALTRIA GROUP INC	$318,000	-25.2%	4,448	-33.6%	0.14%	-40.9%
VHT	New	VANGUARD HEALTH CARE ETFetf	$314,000	–	2,035	–	0.14%	–
HON	Sell	HONEYWELL INTL INC	$276,000	-17.1%	1,800	-23.4%	0.12%	-34.4%
IBM	Sell	IBM CORP	$275,000	-46.6%	1,793	-49.5%	0.12%	-57.8%
DIS	Sell	WALT DISNEY COMPANY	$271,000	-38.4%	2,524	-43.6%	0.12%	-51.4%
IWF	New	ISHARES TR RUSSELL 1000 GROWTHetf	$257,000	–	1,911	–	0.11%	–
MCD	Sell	MCDONALDS CORP	$242,000	+6.6%	1,410	-2.8%	0.11%	-15.7%
MSFT	Sell	MICROSOFT CORP	$239,000	-16.4%	2,785	-27.4%	0.10%	-34.0%
AME	Sell	AMETEK INC NEW	$225,000	+3.2%	3,100	-6.1%	0.10%	-18.9%
DLTR	New	DOLLAR TREE INC	$215,000	–	2,000	–	0.10%	–
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$215,000	-25.3%	3,502	-22.5%	0.10%	-41.0%
KHC	Sell	KRAFT HEINZ COMPANY	$211,000	-29.9%	2,709	-30.3%	0.09%	-44.6%
CMCSA	Sell	COMCAST CORP NEW CL A	$202,000	-39.3%	5,036	-41.7%	0.09%	-52.2%
UA	Sell	UNDER ARMOUR, INC. CLASS C	$165,000	-78.0%	12,350	-75.2%	0.07%	-82.5%
CELG	Exit	CELGENE CORP	$0	–	-1,438	–	-0.12%	–
DOV	Exit	DOVER CORP	$0	–	-2,400	–	-0.12%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-3,050	–	-0.12%	–
TMO	Exit	THERMO FISHER SCIENTIFIC	$0	–	-1,205	–	-0.13%	–
LH	Exit	LABORATORY CORP AMER HLDGS COM	$0	–	-1,575	–	-0.13%	–
AMZN	Exit	AMAZON.COM, INC.	$0	–	-250	–	-0.13%	–
AXP	Exit	AMERICAN EXPRESS COMPANY	$0	–	-2,750	–	-0.14%	–
TXN	Exit	TEXAS INSTRUMENTS, INC.	$0	–	-3,000	–	-0.15%	–
SPGI	Exit	S&P GLOBAL INC COM	$0	–	-1,750	–	-0.15%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-2,482	–	-0.15%	–
JPM	Exit	J P MORGAN CHASE AND CO	$0	–	-3,115	–	-0.17%	–
COST	Exit	COSTCO WHOLESALE CORP	$0	–	-1,852	–	-0.17%	–
EMR	Exit	EMERSON ELECTRIC CO.	$0	–	-5,600	–	-0.20%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-27,802	–	-0.30%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-26,250	–	-0.35%	–
DISCA	Exit	DISCOVERY COMMUN SER A SERIES	$0	–	-64,794	–	-0.77%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO	$0	–	-27,264	–	-0.96%	–
HBI	Exit	HANESBRANDS, INC.	$0	–	-124,577	–	-1.71%	–

Q3 2017

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$13,855,000	+0.7%	89,894	-5.9%	7.73%	+29.2%
VNTV	Sell	VANTIV INC	$7,922,000	+11.2%	112,411	-0.1%	4.42%	+42.7%
ACN	Sell	ACCENTURE PLC	$7,611,000	+8.2%	56,347	-0.9%	4.24%	+38.8%
CHKP	Buy	CHECK POINT SOFTWARE TECH LTD	$6,615,000	+5.3%	58,015	+0.7%	3.69%	+35.0%
UNH	Sell	UNITEDHEALTH GROUP INC	$6,448,000	+4.2%	32,921	-1.3%	3.60%	+33.7%
GOOG	Sell	ALPHABET INC CLASS C	$6,428,000	+3.1%	6,703	-2.3%	3.58%	+32.2%
MAS	Buy	MASCO CORP	$5,996,000	+3.6%	153,695	+1.5%	3.34%	+32.9%
CNC	Sell	CENTENE CORP	$5,519,000	+20.7%	57,030	-0.3%	3.08%	+54.9%
NKE	Sell	NIKE INC CLASS B	$5,213,000	-12.4%	100,542	-0.4%	2.91%	+12.3%
VZ	Sell	VERIZON COMMUNICATIONS	$5,091,000	+9.3%	102,876	-1.3%	2.84%	+40.3%
ZTS	Sell	ZOETIS INC.	$4,968,000	+0.9%	77,915	-1.2%	2.77%	+29.4%
BABA	Sell	ALIBABA GROUP HLDG LTD	$4,857,000	+21.2%	28,122	-1.1%	2.71%	+55.4%
AJG	Sell	GALLAGHER ARTHUR J AND CO	$4,515,000	+6.9%	73,378	-0.5%	2.52%	+37.1%
V	Sell	VISA INC CL A CLASS A	$4,362,000	+11.6%	41,456	-0.5%	2.43%	+43.1%
GOOGL	Sell	ALPHABET INC CLASS A	$4,272,000	-7.9%	4,387	-12.0%	2.38%	+18.2%
FB	Sell	FACEBOOK INC CLASS A	$4,112,000	+11.6%	24,066	-1.4%	2.29%	+43.1%
MS	Sell	MORGAN STANLEY	$3,916,000	+7.5%	81,314	-0.6%	2.18%	+37.9%
FDX	Sell	FEDEX CORPORATION	$3,846,000	+3.3%	17,050	-0.5%	2.14%	+32.5%
PF	Sell	PINNACLE FOODS INC	$3,810,000	-4.4%	66,643	-0.7%	2.12%	+22.6%
SLB	Sell	SCHLUMBERGER LTD	$3,711,000	+5.1%	53,197	-0.8%	2.07%	+34.8%
XOM	Sell	EXXON MOBIL CORP	$3,659,000	-4.5%	44,644	-6.0%	2.04%	+22.4%
GLW	Sell	CORNING INC	$3,415,000	-1.4%	114,151	-1.0%	1.90%	+26.3%
JNJ	Sell	JOHNSON AND JOHNSON CO	$3,181,000	-2.1%	24,468	-0.4%	1.77%	+25.5%
HBI	Sell	HANESBRANDS, INC.	$3,070,000	+6.0%	124,577	-0.4%	1.71%	+35.9%
EME	Buy	EMCOR GROUP INC.	$3,030,000	+10.7%	43,680	+4.4%	1.69%	+42.0%
PG	Sell	PROCTER AND GAMBLE CO	$3,031,000	+3.7%	33,318	-0.7%	1.69%	+33.0%
DNKN	Sell	DUNKIN' BRANDS GROUP INC.	$2,868,000	-4.4%	54,030	-0.7%	1.60%	+22.6%
WAB	Buy	WABTEC CORP.	$2,853,000	-6.8%	37,657	+12.6%	1.59%	+19.5%
MDLZ	Sell	MONDELEZ INTERNATIONAL INC	$2,337,000	-6.4%	57,476	-0.6%	1.30%	+20.0%
DHR	Sell	DANAHER CORP DEL	$2,200,000	+1.0%	25,646	-0.7%	1.23%	+29.6%
ZTO	Sell	ZTO EXPRESS (CAYMAN) INC - ADR	$1,971,000	0.0%	140,390	-0.6%	1.10%	+28.2%
FITB	Sell	FIFTH THIRD BANCORP	$1,933,000	+7.3%	69,080	-0.4%	1.08%	+37.7%
ESRX	Sell	EXPRESS SCRIPTS HOLDING CO	$1,726,000	-2.2%	27,264	-1.4%	0.96%	+25.6%
PAYX	Sell	PAYCHEX INC	$1,625,000	+3.3%	27,103	-1.9%	0.91%	+32.5%
DISCA	Sell	DISCOVERY COMMUN SER A SERIES	$1,379,000	-18.0%	64,794	-0.5%	0.77%	+5.2%
CVS	Sell	CVS CAREMARK CORP	$1,359,000	-7.4%	16,721	-8.3%	0.76%	+18.8%
HAL	Buy	HALLIBURTON CO	$1,340,000	+8.2%	29,110	+0.4%	0.75%	+38.8%
STT	Sell	STATE STREET CORP	$1,089,000	+5.5%	11,401	-0.9%	0.61%	+35.2%
MTB	Sell	M AND T BANK CORP	$974,000	-8.2%	6,050	-7.6%	0.54%	+17.8%
ABBV	Sell	ABBVIE INC	$923,000	+22.3%	10,380	-0.3%	0.52%	+57.0%
FTV	Sell	FORTIVE CORPORATION	$893,000	+10.8%	12,623	-0.7%	0.50%	+42.3%
UA	Buy	UNDER ARMOUR, INC. CLASS C	$749,000	-21.5%	49,850	+5.4%	0.42%	+0.7%
MRK	Buy	MERCK AND CO INC	$578,000	+2.3%	9,025	+2.3%	0.32%	+30.9%
PM	Sell	PHILIP MORRIS INTERNATIONAL IN	$574,000	-16.2%	5,178	-11.2%	0.32%	+7.4%
KMI	Sell	KINDER MORGAN INC	$534,000	-1.3%	27,802	-1.4%	0.30%	+26.8%
IBM	Sell	IBM CORP	$515,000	-21.0%	3,551	-16.2%	0.29%	+1.4%
KO	Sell	COCA COLA CO	$478,000	-8.1%	10,600	-8.6%	0.27%	+18.1%
DIS	Sell	WALT DISNEY COMPANY	$440,000	-20.9%	4,474	-14.5%	0.24%	+1.2%
MO	Sell	ALTRIA GROUP INC	$425,000	-15.0%	6,698	-0.2%	0.24%	+9.2%
COST	Buy	COSTCO WHOLESALE CORP	$305,000	+4.5%	1,852	+1.4%	0.17%	+33.9%
JPM	Sell	J P MORGAN CHASE AND CO	$297,000	+1.0%	3,115	-3.1%	0.17%	+29.7%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$288,000	+1.8%	4,516	-11.0%	0.16%	+30.9%
TMO	New	THERMO FISHER SCIENTIFIC	$228,000	–	1,205	–	0.13%	–
CL	Sell	COLGATE PALMOLIVE CO	$223,000	-4.7%	3,050	-3.2%	0.12%	+21.6%
AME	New	AMETEK INC NEW	$218,000	–	3,300	–	0.12%	–
DOV	New	DOVER CORP	$219,000	–	2,400	–	0.12%	–
CVX	Sell	CHEVRON CORPORATION	$209,000	-0.5%	1,778	-11.7%	0.12%	+28.6%
CELG	New	CELGENE CORP	$210,000	–	1,438	–	0.12%	–
MKC	New	MCCORMICK AND CO INC NON VTG	$205,000	–	2,000	–	0.11%	–
RVT	Sell	ROYCE VALUE TRUST, INC.	$158,000	-16.8%	10,000	-23.1%	0.09%	+6.0%
DWX	Exit	SPDR S & P INTL DIVIDENDetf	$0	–	-5,808	–	-0.10%	–
IWF	Exit	ISHARES TR RUSSELL 1000 GROWTHetf	$0	–	-2,005	–	-0.10%	–
XLB	Exit	MATERIALS SELECT SECTOR SPDR Fetf	$0	–	-4,500	–	-0.10%	–
EFA	Exit	ISHARES TR MSCI EAFE FD MSCI Eetf	$0	–	-4,127	–	-0.12%	–
VHT	Exit	VANGUARD HEALTH CARE ETFetf	$0	–	-1,905	–	-0.12%	–
IEO	Exit	ISHARES US OIL & GAS EXPLORATIetf	$0	–	-5,600	–	-0.13%	–
VCR	Exit	VANGUARD CNSMR DSCRTNARYetf	$0	–	-2,625	–	-0.16%	–
IWS	Exit	ISHARES RUSSELL VALUE MIDCAP Vetf	$0	–	-5,700	–	-0.21%	–
IYH	Exit	ISHARES TR DJ US HEALTHCRetf	$0	–	-3,325	–	-0.24%	–
XLE	Exit	ENERGY SELECT SECTOR ETFetf	$0	–	-9,000	–	-0.25%	–
IVOO	Exit	VANGUARD S&P MID-CAP 400 ETFetf	$0	–	-5,045	–	-0.26%	–
XBI	Exit	SPDR SERIES TRUST S&P BIOTECHetf	$0	–	-8,934	–	-0.30%	–
XLV	Exit	HEALTH CARE SELECT SECTOR SPDRetf	$0	–	-9,338	–	-0.32%	–
BBH	Exit	VANECK VECTORS BIOTECH ETFetf	$0	–	-6,227	–	-0.34%	–
FDN	Exit	FIRST TRUST DJ INTERNET IDX FDetf	$0	–	-9,225	–	-0.38%	–
SDY	Exit	SPDR S&P DIVIDEND ETFetf	$0	–	-9,968	–	-0.38%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKETSetf	$0	–	-25,466	–	-0.45%	–
XHB	Exit	SPDR S&P HOMEBUILDERS ETFetf	$0	–	-31,890	–	-0.53%	–
DGS	Exit	WISDOMTREE TRUST EMERGING SMALetf	$0	–	-29,857	–	-0.59%	–
VB	Exit	VANGUARD SMALL-CAP ETFetf	$0	–	-12,937	–	-0.76%	–
VO	Exit	VANGUARD INDEX FDS MID CAP ETFetf	$0	–	-12,467	–	-0.77%	–
VIS	Exit	VANGUARD INDUSTRIALSetf	$0	–	-17,000	–	-0.95%	–
XLI	Exit	SECTOR SPDR INDL SELECT SHARESetf	$0	–	-36,806	–	-1.09%	–
XLY	Exit	SECTOR SPDR CONSUMER FD SHARESetf	$0	–	-35,885	–	-1.40%	–
HEDJ	Exit	WISDOMTREE EUROPE ETF HEDGED Eetf	$0	–	-54,723	–	-1.48%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRUSTetf	$0	–	-12,200	–	-1.68%	–
HACK	Exit	PUREFUNDS ISE CYBER SECURITY Eetf	$0	–	-142,460	–	-1.86%	–
QQQ	Exit	POWERSHARES QQQ TRUST UNIT SERetf	$0	–	-48,511	–	-2.90%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-65,067	–	-6.84%	–

Q2 2017

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRUSTetf	$15,734,000	–	65,067	–	6.84%	–
AAPL	New	APPLE INC	$13,757,000	–	95,522	–	5.98%	–
VNTV	New	VANTIV INC	$7,124,000	–	112,474	–	3.10%	–
ACN	New	ACCENTURE PLC	$7,034,000	–	56,877	–	3.06%	–
QQQ	New	POWERSHARES QQQ TRUST UNIT SERetf	$6,677,000	–	48,511	–	2.90%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTD	$6,283,000	–	57,600	–	2.73%	–
GOOG	New	ALPHABET INC CLASS C	$6,236,000	–	6,862	–	2.71%	–
UNH	New	UNITEDHEALTH GROUP INC	$6,188,000	–	33,371	–	2.69%	–
NKE	New	NIKE INC CLASS B	$5,954,000	–	100,912	–	2.59%	–
MAS	New	MASCO CORP	$5,788,000	–	151,485	–	2.52%	–
ZTS	New	ZOETIS INC.	$4,922,000	–	78,890	–	2.14%	–
VZ	New	VERIZON COMMUNICATIONS	$4,656,000	–	104,251	–	2.02%	–
GOOGL	New	ALPHABET INC CLASS A	$4,637,000	–	4,988	–	2.02%	–
CNC	New	CENTENE CORP	$4,571,000	–	57,230	–	1.99%	–
HACK	New	PUREFUNDS ISE CYBER SECURITY Eetf	$4,276,000	–	142,460	–	1.86%	–
AJG	New	GALLAGHER ARTHUR J AND CO	$4,222,000	–	73,743	–	1.84%	–
BABA	New	ALIBABA GROUP HLDG LTD	$4,008,000	–	28,447	–	1.74%	–
PF	New	PINNACLE FOODS INC	$3,985,000	–	67,093	–	1.73%	–
V	New	VISA INC CL A CLASS A	$3,909,000	–	41,681	–	1.70%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRUSTetf	$3,875,000	–	12,200	–	1.68%	–
XOM	New	EXXON MOBIL CORP	$3,833,000	–	47,484	–	1.67%	–
FDX	New	FEDEX CORPORATION	$3,723,000	–	17,130	–	1.62%	–
FB	New	FACEBOOK INC CLASS A	$3,685,000	–	24,411	–	1.60%	–
MS	New	MORGAN STANLEY	$3,644,000	–	81,764	–	1.58%	–
SLB	New	SCHLUMBERGER LTD	$3,531,000	–	53,622	–	1.54%	–
GLW	New	CORNING INC	$3,465,000	–	115,301	–	1.51%	–
HEDJ	New	WISDOMTREE EUROPE ETF HEDGED Eetf	$3,411,000	–	54,723	–	1.48%	–
JNJ	New	JOHNSON AND JOHNSON CO	$3,250,000	–	24,568	–	1.41%	–
XLY	New	SECTOR SPDR CONSUMER FD SHARESetf	$3,216,000	–	35,885	–	1.40%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B	$3,139,000	–	18,534	–	1.36%	–
WAB	New	WABTEC CORP.	$3,061,000	–	33,450	–	1.33%	–
DNKN	New	DUNKIN' BRANDS GROUP INC.	$3,000,000	–	54,430	–	1.30%	–
PG	New	PROCTER AND GAMBLE CO	$2,924,000	–	33,548	–	1.27%	–
HBI	New	HANESBRANDS, INC.	$2,897,000	–	125,077	–	1.26%	–
EME	New	EMCOR GROUP INC.	$2,736,000	–	41,845	–	1.19%	–
XLI	New	SECTOR SPDR INDL SELECT SHARESetf	$2,507,000	–	36,806	–	1.09%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$2,498,000	–	57,826	–	1.09%	–
VIS	New	VANGUARD INDUSTRIALSetf	$2,183,000	–	17,000	–	0.95%	–
DHR	New	DANAHER CORP DEL	$2,179,000	–	25,821	–	0.95%	–
ZTO	New	ZTO EXPRESS (CAYMAN) INC - ADR	$1,971,000	–	141,190	–	0.86%	–
FITB	New	FIFTH THIRD BANCORP	$1,801,000	–	69,380	–	0.78%	–
VO	New	VANGUARD INDEX FDS MID CAP ETFetf	$1,777,000	–	12,467	–	0.77%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$1,765,000	–	27,639	–	0.77%	–
VB	New	VANGUARD SMALL-CAP ETFetf	$1,754,000	–	12,937	–	0.76%	–
DISCA	New	DISCOVERY COMMUN SER A SERIES	$1,682,000	–	65,099	–	0.73%	–
PAYX	New	PAYCHEX INC	$1,573,000	–	27,628	–	0.68%	–
CVS	New	CVS CAREMARK CORP	$1,468,000	–	18,243	–	0.64%	–
DGS	New	WISDOMTREE TRUST EMERGING SMALetf	$1,366,000	–	29,857	–	0.59%	–
HAL	New	HALLIBURTON CO	$1,238,000	–	28,985	–	0.54%	–
XHB	New	SPDR S&P HOMEBUILDERS ETFetf	$1,229,000	–	31,890	–	0.53%	–
BAC	New	BANK OF AMERICA CORP	$1,134,000	–	46,714	–	0.49%	–
MTB	New	M AND T BANK CORP	$1,061,000	–	6,550	–	0.46%	–
VWO	New	VANGUARD FTSE EMERGING MARKETSetf	$1,039,000	–	25,466	–	0.45%	–
STT	New	STATE STREET CORP	$1,032,000	–	11,501	–	0.45%	–
UA	New	UNDER ARMOUR, INC. CLASS C	$954,000	–	47,300	–	0.42%	–
BIDU	New	BAIDU INC ADR F SPONSORED ADR	$948,000	–	5,300	–	0.41%	–
SDY	New	SPDR S&P DIVIDEND ETFetf	$886,000	–	9,968	–	0.38%	–
FDN	New	FIRST TRUST DJ INTERNET IDX FDetf	$874,000	–	9,225	–	0.38%	–
FTV	New	FORTIVE CORPORATION	$806,000	–	12,710	–	0.35%	–
BBH	New	VANECK VECTORS BIOTECH ETFetf	$782,000	–	6,227	–	0.34%	–
ABBV	New	ABBVIE INC	$755,000	–	10,415	–	0.33%	–
XLV	New	HEALTH CARE SELECT SECTOR SPDRetf	$740,000	–	9,338	–	0.32%	–
HD	New	HOME DEPOT INC	$739,000	–	4,823	–	0.32%	–
GE	New	GENERAL ELECTRIC CO	$708,000	–	26,250	–	0.31%	–
XBI	New	SPDR SERIES TRUST S&P BIOTECHetf	$690,000	–	8,934	–	0.30%	–
PM	New	PHILIP MORRIS INTERNATIONAL IN	$685,000	–	5,828	–	0.30%	–
IBM	New	IBM CORP	$652,000	–	4,236	–	0.28%	–
IVOO	New	VANGUARD S&P MID-CAP 400 ETFetf	$593,000	–	5,045	–	0.26%	–
XLE	New	ENERGY SELECT SECTOR ETFetf	$584,000	–	9,000	–	0.25%	–
MRK	New	MERCK AND CO INC	$565,000	–	8,825	–	0.25%	–
DIS	New	WALT DISNEY COMPANY	$556,000	–	5,232	–	0.24%	–
IYH	New	ISHARES TR DJ US HEALTHCRetf	$553,000	–	3,325	–	0.24%	–
KMI	New	KINDER MORGAN INC	$541,000	–	28,202	–	0.24%	–
AET	New	AETNA INC NEW	$539,000	–	3,550	–	0.23%	–
KO	New	COCA COLA CO	$520,000	–	11,600	–	0.23%	–
MO	New	ALTRIA GROUP INC	$500,000	–	6,713	–	0.22%	–
IWS	New	ISHARES RUSSELL VALUE MIDCAP Vetf	$479,000	–	5,700	–	0.21%	–
INTC	New	INTEL CORP	$475,000	–	14,075	–	0.21%	–
RDSA	New	ROYAL DUTCH PLC ADR	$468,000	–	8,800	–	0.20%	–
MMM	New	3M CO	$430,000	–	2,065	–	0.19%	–
AVY	New	AVERY DENNISON CORP	$424,000	–	4,800	–	0.18%	–
PFE	New	PFIZER INCORPORATED	$416,000	–	12,410	–	0.18%	–
VCR	New	VANGUARD CNSMR DSCRTNARYetf	$373,000	–	2,625	–	0.16%	–
CMCSA	New	COMCAST CORP NEW CL A	$336,000	–	8,636	–	0.15%	–
EMR	New	EMERSON ELECTRIC CO.	$334,000	–	5,600	–	0.14%	–
KHC	New	KRAFT HEINZ COMPANY	$333,000	–	3,885	–	0.14%	–
HON	New	HONEYWELL INTL INC	$313,000	–	2,350	–	0.14%	–
IEO	New	ISHARES US OIL & GAS EXPLORATIetf	$306,000	–	5,600	–	0.13%	–
JPM	New	J P MORGAN CHASE AND CO	$294,000	–	3,215	–	0.13%	–
COST	New	COSTCO WHOLESALE CORP	$292,000	–	1,827	–	0.13%	–
PYPL	New	PAYPAL HOLDINGS, INC	$292,000	–	5,440	–	0.13%	–
PEP	New	PEPSICO INCORPORATED	$287,000	–	2,482	–	0.12%	–
HUBB	New	HUBBELL INC CLASS B	$283,000	–	2,500	–	0.12%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$283,000	–	5,077	–	0.12%	–
VHT	New	VANGUARD HEALTH CARE ETFetf	$281,000	–	1,905	–	0.12%	–
EFA	New	ISHARES TR MSCI EAFE FD MSCI Eetf	$269,000	–	4,127	–	0.12%	–
MSFT	New	MICROSOFT CORP	$264,000	–	3,835	–	0.12%	–
SPGI	New	S&P GLOBAL INC COM	$255,000	–	1,750	–	0.11%	–
LH	New	LABORATORY CORP AMER HLDGS COM	$243,000	–	1,575	–	0.11%	–
AMZN	New	AMAZON.COM, INC.	$242,000	–	250	–	0.10%	–
XLB	New	MATERIALS SELECT SECTOR SPDR Fetf	$242,000	–	4,500	–	0.10%	–
IWF	New	ISHARES TR RUSSELL 1000 GROWTHetf	$238,000	–	2,005	–	0.10%	–
CL	New	COLGATE PALMOLIVE CO	$234,000	–	3,150	–	0.10%	–
TXN	New	TEXAS INSTRUMENTS, INC.	$231,000	–	3,000	–	0.10%	–
AXP	New	AMERICAN EXPRESS COMPANY	$231,000	–	2,750	–	0.10%	–
DWX	New	SPDR S & P INTL DIVIDENDetf	$227,000	–	5,808	–	0.10%	–
MCD	New	MCDONALDS CORP	$223,000	–	1,450	–	0.10%	–
LOW	New	LOWES COMPANIES INC	$221,000	–	2,850	–	0.10%	–
CVX	New	CHEVRON CORPORATION	$210,000	–	2,013	–	0.09%	–
RVT	New	ROYCE VALUE TRUST, INC.	$190,000	–	13,000	–	0.08%	–

Q4 2016

			Value		Shares		↓ Weighting
RVT	Exit	ROYCE VALUE TRUST, INC.	$0	–	-13,000	–	-0.07%	–
QCOM	Exit	QUALCOMM INC	$0	–	-2,996	–	-0.08%	–
WU	Exit	WESTERN UNION COMPANY	$0	–	-10,000	–	-0.08%	–
PYPL	Exit	PAYPAL HOLDINGS, INC	$0	–	-5,134	–	-0.08%	–
AMZN	Exit	AMAZON.COM, INC.	$0	–	-250	–	-0.08%	–
XLB	Exit	MATERIALS SELECT SECTOR SPDR Fetf	$0	–	-4,500	–	-0.09%	–
AME	Exit	AMETEK INC NEW	$0	–	-4,500	–	-0.09%	–
	Exit	1/100 BERKSHIRE HTWY CLA 100 S	$0	–	-100	–	-0.09%	–
TXN	Exit	TEXAS INSTRUMENTS, INC.	$0	–	-3,110	–	-0.09%	–
AXP	Exit	AMERICAN EXPRESS COMPANY	$0	–	-3,550	–	-0.09%	–
LH	Exit	LABORATORY CORP AMER HLDGS COM	$0	–	-1,725	–	-0.10%	–
IWF	Exit	ISHARES TR RUSSELL 1000 GROWTHetf	$0	–	-2,332	–	-0.10%	–
SPGI	Exit	S&P GLOBAL INC COM	$0	–	-2,000	–	-0.10%	–
VHT	Exit	VANGUARD HEALTH CARE ETFetf	$0	–	-1,905	–	-0.10%	–
KRE	Exit	SPDR S&P REGIONAL BKINGetf	$0	–	-6,250	–	-0.11%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-3,575	–	-0.11%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,300	–	-0.11%	–
EFA	Exit	ISHARES TR MSCI EAFE FD MSCI Eetf	$0	–	-4,577	–	-0.11%	–
COST	Exit	COSTCO WHOLESALE CORP	$0	–	-1,827	–	-0.11%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-2,580	–	-0.11%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-4,453	–	-0.12%	–
PEG	Exit	PUB SVC ENT GROUP INC	$0	–	-7,200	–	-0.12%	–
EMR	Exit	EMERSON ELECTRIC CO.	$0	–	-5,600	–	-0.12%	–
BBH	Exit	VANECK VECTORS BIOTECH ETFetf	$0	–	-2,735	–	-0.13%	–
DWX	Exit	SPDR S & P INTL DIVIDENDetf	$0	–	-8,703	–	-0.13%	–
EVHC	Exit	ENVISION HEALTHCARE HOLDINGS I	$0	–	-16,140	–	-0.14%	–
VCR	Exit	VANGUARD CNSMR DSCRTNARYetf	$0	–	-2,875	–	-0.14%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-4,800	–	-0.15%	–
IBB	Exit	ISHARES TR NASDQ BIO INDXetf	$0	–	-1,323	–	-0.15%	–
CAT	Exit	CATERPILLAR INC	$0	–	-4,774	–	-0.17%	–
HUBB	Exit	HUBBELL INC CLASS B	$0	–	-4,000	–	-0.17%	–
IWS	Exit	ISHARES RUSSELL VALUE MIDCAP Vetf	$0	–	-5,700	–	-0.18%	–
ECON	Exit	EGSHARES EMERGING MARKETS CONSetf	$0	–	-17,682	–	-0.18%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-4,751	–	-0.18%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-7,084	–	-0.18%	–
RDSA	Exit	ROYAL DUTCH PLC ADR	$0	–	-9,230	–	-0.18%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-9,008	–	-0.20%	–
KHC	Exit	KRAFT HEINZ COMPANY	$0	–	-5,631	–	-0.20%	–
IYH	Exit	ISHARES TR DJ US HEALTHCRetf	$0	–	-3,400	–	-0.20%	–
MCD	Exit	MCDONALDS CORP	$0	–	-4,485	–	-0.21%	–
KO	Exit	COCA COLA CO	$0	–	-12,450	–	-0.21%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-12,525	–	-0.21%	–
DOV	Exit	DOVER CORP	$0	–	-7,300	–	-0.22%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-16,435	–	-0.22%	–
PAY	Exit	VERIFONE SYSTEMS INC.	$0	–	-36,633	–	-0.23%	–
INTC	Exit	INTEL CORP	$0	–	-15,720	–	-0.24%	–
HD	Exit	HOME DEPOT INC	$0	–	-4,637	–	-0.24%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL IN	$0	–	-6,508	–	-0.25%	–
MS	Exit	MORGAN STANLEY	$0	–	-20,959	–	-0.27%	–
AET	Exit	AETNA INC NEW	$0	–	-6,050	–	-0.28%	–
MMM	Exit	3M CO	$0	–	-4,072	–	-0.29%	–
FTV	Exit	FORTIVE CORPORATION	$0	–	-14,873	–	-0.30%	–
MTB	Exit	M AND T BANK CORP	$0	–	-6,550	–	-0.30%	–
MRK	Exit	MERCK AND CO INC	$0	–	-12,324	–	-0.31%	–
ABBV	Exit	ABBVIE INC	$0	–	-12,540	–	-0.32%	–
XLE	Exit	ENERGY SELECT SECTOR ETFetf	$0	–	-11,275	–	-0.32%	–
PPG	Exit	P P G INDUSTRIES INC	$0	–	-8,000	–	-0.33%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-8,107	–	-0.34%	–
FDN	Exit	FIRST TRUST DJ INTERNET IDX FDetf	$0	–	-10,625	–	-0.35%	–
STT	Exit	STATE STREET CORP	$0	–	-12,815	–	-0.36%	–
IBM	Exit	IBM CORP	$0	–	-6,049	–	-0.38%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-41,495	–	-0.38%	–
SDY	Exit	SPDR S&P DIVIDEND ETFetf	$0	–	-12,154	–	-0.41%	–
XHB	Exit	SPDR S&P HOMEBUILDERS ETFetf	$0	–	-30,340	–	-0.41%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKETSetf	$0	–	-29,269	–	-0.44%	–
BIDU	Exit	BAIDU INC ADR F SPONSORED ADR	$0	–	-6,075	–	-0.44%	–
EFX	Exit	EQUIFAX INC	$0	–	-9,115	–	-0.49%	–
DGS	Exit	WISDOMTREE TRUST EMERGING SMALetf	$0	–	-29,775	–	-0.50%	–
DISCA	Exit	DISCOVERY COMMUN SER A SERIES	$0	–	-49,648	–	-0.54%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-98,500	–	-0.62%	–
VB	Exit	VANGUARD SMALL-CAP ETFetf	$0	–	-13,845	–	-0.68%	–
HACK	Exit	PUREFUNDS ISE CYBER SECURITY Eetf	$0	–	-60,808	–	-0.68%	–
FTNT	Exit	FORTINET INC	$0	–	-46,867	–	-0.70%	–
VO	Exit	VANGUARD INDEX FDS MID CAP ETFetf	$0	–	-13,405	–	-0.70%	–
VIS	Exit	VANGUARD INDUSTRIALSetf	$0	–	-17,000	–	-0.76%	–
PAYX	Exit	PAYCHEX INC	$0	–	-34,525	–	-0.80%	–
CVS	Exit	CVS CAREMARK CORP	$0	–	-22,706	–	-0.81%	–
HAL	Exit	HALLIBURTON CO	$0	–	-46,285	–	-0.83%	–
XLI	Exit	SECTOR SPDR INDL SELECT SHARESetf	$0	–	-36,640	–	-0.86%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-29,826	–	-0.94%	–
CSX	Exit	CSX CORP	$0	–	-79,709	–	-0.98%	–
CERN	Exit	CERNER CORPORATION	$0	–	-40,167	–	-1.00%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO	$0	–	-38,219	–	-1.08%	–
SYNA	Exit	SYNAPTICS INCORPORATED	$0	–	-46,962	–	-1.10%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-67,556	–	-1.19%	–
MAS	Exit	MASCO CORP	$0	–	-87,305	–	-1.20%	–
XLY	Exit	SECTOR SPDR CONSUMER FD SHARESetf	$0	–	-37,756	–	-1.21%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-152,650	–	-1.25%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CL B	$0	–	-21,884	–	-1.27%	–
WAB	Exit	WABTEC CORP.	$0	–	-38,895	–	-1.28%	–
JNJ	Exit	JOHNSON AND JOHNSON CO	$0	–	-27,064	–	-1.28%	–
DNKN	Exit	DUNKIN' BRANDS GROUP INC.	$0	–	-64,715	–	-1.35%	–
MYL	Exit	MYLAN N.V.	$0	–	-91,452	–	-1.40%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRUSTetf	$0	–	-12,486	–	-1.42%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-20,425	–	-1.43%	–
HEDJ	Exit	WISDOMTREE EUROPE ETF HEDGED Eetf	$0	–	-66,996	–	-1.44%	–
V	Exit	VISA INC CL A CLASS A	$0	–	-43,781	–	-1.45%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-42,253	–	-1.52%	–
FB	Exit	FACEBOOK INC CLASS A	$0	–	-29,676	–	-1.53%	–
BABA	Exit	ALIBABA GROUP HLDG LTD	$0	–	-37,877	–	-1.61%	–
PF	Exit	PINNACLE FOODS INC	$0	–	-80,073	–	-1.61%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-84,116	–	-1.78%	–
HBI	Exit	HANESBRANDS, INC.	$0	–	-175,562	–	-1.78%	–
AJG	Exit	GALLAGHER ARTHUR J AND CO	$0	–	-87,285	–	-1.78%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-5,631	–	-1.82%	–
GLW	Exit	CORNING INC	$0	–	-192,986	–	-1.83%	–
ZTS	Exit	ZOETIS INC.	$0	–	-93,730	–	-1.96%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-66,448	–	-2.10%	–
QQQ	Exit	POWERSHARES QQQ TRUST UNIT SERetf	$0	–	-49,012	–	-2.34%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-66,751	–	-2.34%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-7,573	–	-2.36%	–
VNTV	Exit	VANTIV INC	$0	–	-120,554	–	-2.72%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-133,323	–	-2.78%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-49,530	–	-2.78%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTD	$0	–	-94,015	–	-2.93%	–
CNC	Exit	CENTENE CORP	$0	–	-128,193	–	-3.44%	–
ACN	Exit	ACCENTURE PLC	$0	–	-71,600	–	-3.51%	–
AAPL	Exit	APPLE INC	$0	–	-118,774	–	-5.39%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-65,037	–	-5.64%	–

Q3 2016

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRUSTetf	$14,067,000	+2.8%	65,037	-0.4%	5.64%	+3.8%
AAPL	Sell	APPLE INC	$13,427,000	+17.8%	118,774	-0.4%	5.39%	+18.9%
ACN	Sell	ACCENTURE PLC	$8,747,000	+7.6%	71,600	-0.2%	3.51%	+8.6%
CNC	Buy	CENTENE CORP	$8,584,000	-5.7%	128,193	+0.5%	3.44%	-4.8%
CHKP	Buy	CHECK POINT SOFTWARE TECH LTD	$7,297,000	+33.8%	94,015	+37.3%	2.93%	+35.0%
UNH	Sell	UNITEDHEALTH GROUP INC	$6,934,000	-1.2%	49,530	-0.4%	2.78%	-0.3%
VZ	Sell	VERIZON COMMUNICATIONS	$6,930,000	-7.1%	133,323	-0.2%	2.78%	-6.2%
VNTV	Sell	VANTIV INC	$6,783,000	-0.9%	120,554	-0.4%	2.72%	-0.0%
GOOG	Buy	ALPHABET INC CLASS C	$5,887,000	+12.5%	7,573	+0.1%	2.36%	+13.5%
XOM	Sell	EXXON MOBIL CORP	$5,826,000	-8.7%	66,751	-2.0%	2.34%	-7.9%
QQQ	Sell	POWERSHARES QQQ TRUST UNIT SERetf	$5,819,000	+9.4%	49,012	-0.9%	2.34%	+10.5%
SLB	Sell	SCHLUMBERGER LTD	$5,225,000	-0.8%	66,448	-0.2%	2.10%	+0.2%
ZTS	Sell	ZOETIS INC.	$4,875,000	+9.3%	93,730	-0.3%	1.96%	+10.3%
GLW	Sell	CORNING INC	$4,565,000	+15.2%	192,986	-0.2%	1.83%	+16.3%
GOOGL	Sell	ALPHABET INC CLASS A	$4,528,000	+14.0%	5,631	-0.2%	1.82%	+15.1%
AJG	Sell	GALLAGHER ARTHUR J AND CO	$4,440,000	+6.8%	87,285	-0.1%	1.78%	+7.7%
HBI	Sell	HANESBRANDS, INC.	$4,433,000	+0.2%	175,562	-0.3%	1.78%	+1.1%
NKE	Buy	NIKE INC CLASS B	$4,428,000	-2.5%	84,116	+2.2%	1.78%	-1.6%
PF	Sell	PINNACLE FOODS INC	$4,018,000	+8.1%	80,073	-0.2%	1.61%	+9.1%
BABA	Sell	ALIBABA GROUP HLDG LTD	$4,007,000	-8.6%	37,877	-31.3%	1.61%	-7.7%
FB	Buy	FACEBOOK INC CLASS A	$3,807,000	+12.4%	29,676	+0.2%	1.53%	+13.5%
PG	Buy	PROCTER AND GAMBLE CO	$3,792,000	+6.4%	42,253	+0.4%	1.52%	+7.4%
V	Sell	VISA INC CL A CLASS A	$3,620,000	+11.1%	43,781	-0.3%	1.45%	+12.2%
HEDJ	Sell	WISDOMTREE EUROPE ETF HEDGED Eetf	$3,600,000	-10.0%	66,996	-15.4%	1.44%	-9.1%
FDX	Sell	FEDEX CORPORATION	$3,568,000	+14.8%	20,425	-0.3%	1.43%	+15.9%
MDY	Sell	SPDR S&P MIDCAP 400 ETF TRUSTetf	$3,525,000	+2.5%	12,486	-1.2%	1.42%	+3.5%
MYL	Sell	MYLAN N.V.	$3,487,000	-12.1%	91,452	-0.4%	1.40%	-11.3%
DNKN	Sell	DUNKIN' BRANDS GROUP INC.	$3,371,000	+18.3%	64,715	-0.9%	1.35%	+19.4%
JNJ	Sell	JOHNSON AND JOHNSON CO	$3,197,000	-5.0%	27,064	-2.5%	1.28%	-4.2%
WAB	New	WABTEC CORP.	$3,176,000	–	38,895	–	1.28%	–
BRKB	Sell	BERKSHIRE HATHAWAY INC CL B	$3,162,000	-0.4%	21,884	-0.2%	1.27%	+0.5%
FITB	Sell	FIFTH THIRD BANCORP	$3,124,000	+15.6%	152,650	-0.7%	1.25%	+16.7%
XLY	Buy	SECTOR SPDR CONSUMER FD SHARESetf	$3,022,000	+5.3%	37,756	+2.7%	1.21%	+6.3%
MAS	New	MASCO CORP	$2,996,000	–	87,305	–	1.20%	–
MDLZ	Sell	MONDELEZ INTERNATIONAL INC	$2,966,000	-3.8%	67,556	-0.3%	1.19%	-2.9%
SYNA	Sell	SYNAPTICS INCORPORATED	$2,751,000	+8.1%	46,962	-0.8%	1.10%	+9.1%
ESRX	Sell	EXPRESS SCRIPTS HOLDING CO	$2,695,000	-7.3%	38,219	-0.3%	1.08%	-6.3%
CERN	Sell	CERNER CORPORATION	$2,480,000	+5.0%	40,167	-0.4%	1.00%	+6.0%
CSX	Sell	CSX CORP	$2,431,000	-10.4%	79,709	-23.4%	0.98%	-9.5%
DHR	Sell	DANAHER CORP DEL	$2,338,000	-22.7%	29,826	-0.4%	0.94%	-22.0%
XLI	Sell	SECTOR SPDR INDL SELECT SHARESetf	$2,139,000	+3.1%	36,640	-1.1%	0.86%	+4.0%
HAL	Sell	HALLIBURTON CO	$2,077,000	-1.7%	46,285	-0.8%	0.83%	-0.7%
CVS	Sell	CVS CAREMARK CORP	$2,021,000	-7.1%	22,706	-0.1%	0.81%	-6.2%
VO	Sell	VANGUARD INDEX FDS MID CAP ETFetf	$1,735,000	-3.1%	13,405	-7.5%	0.70%	-2.2%
FTNT	Sell	FORTINET INC	$1,731,000	-21.6%	46,867	-33.0%	0.70%	-20.8%
HACK	Sell	PUREFUNDS ISE CYBER SECURITY Eetf	$1,696,000	+15.3%	60,808	-1.3%	0.68%	+16.4%
VB	Sell	VANGUARD SMALL-CAP ETFetf	$1,691,000	-4.1%	13,845	-9.2%	0.68%	-3.1%
BAC	Sell	BANK OF AMERICA CORP	$1,542,000	+16.6%	98,500	-1.2%	0.62%	+17.7%
DISCA	Sell	DISCOVERY COMMUN SER A SERIES	$1,337,000	+2.4%	49,648	-4.2%	0.54%	+3.5%
DGS	Sell	WISDOMTREE TRUST EMERGING SMALetf	$1,243,000	+6.3%	29,775	-1.3%	0.50%	+7.3%
EFX	Sell	EQUIFAX INC	$1,227,000	-74.9%	9,115	-76.1%	0.49%	-74.7%
BIDU	Sell	BAIDU INC ADR F SPONSORED ADR	$1,107,000	+9.1%	6,075	-1.2%	0.44%	+9.9%
VWO	Sell	VANGUARD FTSE EMERGING MARKETSetf	$1,101,000	+0.9%	29,269	-5.5%	0.44%	+1.8%
XHB	Sell	SPDR S&P HOMEBUILDERS ETFetf	$1,030,000	-0.8%	30,340	-1.9%	0.41%	0.0%
SDY	Sell	SPDR S&P DIVIDEND ETFetf	$1,026,000	-1.2%	12,154	-1.7%	0.41%	-0.2%
KMI	Sell	KINDER MORGAN INC	$960,000	+19.6%	41,495	-3.3%	0.38%	+20.7%
STT	Sell	STATE STREET CORP	$893,000	+18.6%	12,815	-8.2%	0.36%	+19.7%
FDN	Sell	FIRST TRUST DJ INTERNET IDX FDetf	$867,000	+9.9%	10,625	-2.9%	0.35%	+10.8%
CVX	Buy	CHEVRON CORPORATION	$834,000	-1.0%	8,107	+1.0%	0.34%	0.0%
ABBV	Buy	ABBVIE INC	$791,000	+2.9%	12,540	+0.9%	0.32%	+3.6%
MRK	Buy	MERCK AND CO INC	$769,000	+10.3%	12,324	+1.8%	0.31%	+11.6%
FTV	New	FORTIVE CORPORATION	$757,000	–	14,873	–	0.30%	–
MS	Sell	MORGAN STANLEY	$672,000	+20.0%	20,959	-2.8%	0.27%	+21.1%
PM	Buy	PHILIP MORRIS INTERNATIONAL IN	$633,000	-3.2%	6,508	+1.2%	0.25%	-2.3%
HD	Sell	HOME DEPOT INC	$596,000	-5.5%	4,637	-6.1%	0.24%	-4.8%
INTC	Buy	INTEL CORP	$594,000	+17.2%	15,720	+1.7%	0.24%	+17.8%
PAY	Sell	VERIFONE SYSTEMS INC.	$577,000	-16.5%	36,633	-1.7%	0.23%	-15.6%
PFE	Buy	PFIZER INCORPORATED	$556,000	+3.5%	16,435	+7.9%	0.22%	+4.2%
DOV	Sell	DOVER CORP	$538,000	-87.0%	7,300	-87.7%	0.22%	-86.8%
ABT	Buy	ABBOTT LABORATORIES	$529,000	+9.1%	12,525	+1.5%	0.21%	+9.8%
KO	Sell	COCA COLA CO	$527,000	-7.4%	12,450	-0.8%	0.21%	-6.6%
IYH	Sell	ISHARES TR DJ US HEALTHCRetf	$511,000	+0.6%	3,400	-0.7%	0.20%	+1.5%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$486,000	-24.9%	9,008	+2.4%	0.20%	-24.1%
DIS	Sell	WALT DISNEY COMPANY	$441,000	-10.5%	4,751	-5.9%	0.18%	-9.7%
ECON	Sell	EGSHARES EMERGING MARKETS CONSetf	$439,000	+1.9%	17,682	-4.7%	0.18%	+2.9%
CAT	Buy	CATERPILLAR INC	$424,000	+19.8%	4,774	+2.1%	0.17%	+20.6%
IBB	Buy	ISHARES TR NASDQ BIO INDXetf	$383,000	+13.0%	1,323	+0.4%	0.15%	+14.1%
EVHC	Sell	ENVISION HEALTHCARE HOLDINGS I	$360,000	-16.5%	16,140	-5.0%	0.14%	-15.8%
DWX	Sell	SPDR S & P INTL DIVIDENDetf	$321,000	+2.2%	8,703	-2.6%	0.13%	+3.2%
BBH	New	VANECK VECTORS BIOTECH ETFetf	$315,000	–	2,735	–	0.13%	–
CMCSA	Buy	COMCAST CORP NEW CL A	$295,000	+5.0%	4,453	+3.1%	0.12%	+5.4%
PEP	Buy	PEPSICO INCORPORATED	$281,000	+8.5%	2,580	+5.3%	0.11%	+9.7%
EFA	Sell	ISHARES TR MSCI EAFE FD MSCI Eetf	$270,000	-1.8%	4,577	-7.0%	0.11%	-0.9%
CL	Sell	COLGATE PALMOLIVE CO	$265,000	-7.7%	3,575	-8.9%	0.11%	-7.0%
IWF	Sell	ISHARES TR RUSSELL 1000 GROWTHetf	$243,000	-2.4%	2,332	-5.7%	0.10%	-1.0%
TXN	New	TEXAS INSTRUMENTS, INC.	$219,000	–	3,110	–	0.09%	–
AMZN	New	AMAZON.COM, INC.	$210,000	–	250	–	0.08%	–
PYPL	New	PAYPAL HOLDINGS, INC	$210,000	–	5,134	–	0.08%	–
QCOM	New	QUALCOMM INC	$206,000	–	2,996	–	0.08%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-2,200	–	-0.08%	–
MKC	Exit	MCCORMICK AND CO INC NON VTG	$0	–	-2,000	–	-0.08%	–
JLL	Exit	JONES LANG LASALLE INC	$0	–	-20,385	–	-0.79%	–
HAIN	Exit	THE HAIN CELESTIAL GROUP INC.	$0	–	-69,375	–	-1.37%	–
PVH	Exit	PVH CORP	$0	–	-44,194	–	-1.66%	–

Q2 2016

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRUSTetf	$13,680,000	–	65,304	–	5.44%	–
AAPL	New	APPLE INC	$11,400,000	–	119,256	–	4.53%	–
CNC	New	CENTENE CORP	$9,105,000	–	127,573	–	3.62%	–
ACN	New	ACCENTURE PLC	$8,128,000	–	71,740	–	3.23%	–
VZ	New	VERIZON COMMUNICATIONS	$7,459,000	–	133,573	–	2.97%	–
UNH	New	UNITEDHEALTH GROUP INC	$7,019,000	–	49,705	–	2.79%	–
VNTV	New	VANTIV INC	$6,848,000	–	120,979	–	2.72%	–
XOM	New	EXXON MOBIL CORP	$6,383,000	–	68,097	–	2.54%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTD	$5,455,000	–	68,450	–	2.17%	–
QQQ	New	POWERSHARES QQQ TRUST UNIT SERetf	$5,318,000	–	49,447	–	2.11%	–
SLB	New	SCHLUMBERGER LTD	$5,265,000	–	66,583	–	2.09%	–
GOOG	New	ALPHABET INC CLASS C	$5,234,000	–	7,562	–	2.08%	–
EFX	New	EQUIFAX INC	$4,890,000	–	38,087	–	1.94%	–
NKE	New	NIKE INC CLASS B	$4,543,000	–	82,305	–	1.81%	–
ZTS	New	ZOETIS INC.	$4,462,000	–	94,005	–	1.77%	–
HBI	New	HANESBRANDS, INC.	$4,426,000	–	176,137	–	1.76%	–
BABA	New	ALIBABA GROUP HLDG LTD	$4,385,000	–	55,127	–	1.74%	–
PVH	New	PVH CORP	$4,164,000	–	44,194	–	1.66%	–
AJG	New	GALLAGHER ARTHUR J AND CO	$4,159,000	–	87,385	–	1.65%	–
DOV	New	DOVER CORP	$4,126,000	–	59,514	–	1.64%	–
HEDJ	New	WISDOMTREE EUROPE ETF HEDGED Eetf	$3,999,000	–	79,151	–	1.59%	–
GOOGL	New	ALPHABET INC CLASS A	$3,972,000	–	5,645	–	1.58%	–
MYL	New	MYLAN N.V.	$3,968,000	–	91,777	–	1.58%	–
GLW	New	CORNING INC	$3,962,000	–	193,436	–	1.58%	–
PF	New	PINNACLE FOODS INC	$3,716,000	–	80,273	–	1.48%	–
PG	New	PROCTER AND GAMBLE CO	$3,565,000	–	42,103	–	1.42%	–
HAIN	New	THE HAIN CELESTIAL GROUP INC.	$3,452,000	–	69,375	–	1.37%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRUSTetf	$3,439,000	–	12,633	–	1.37%	–
FB	New	FACEBOOK INC CLASS A	$3,386,000	–	29,626	–	1.35%	–
JNJ	New	JOHNSON AND JOHNSON CO	$3,367,000	–	27,764	–	1.34%	–
V	New	VISA INC CL A CLASS A	$3,257,000	–	43,906	–	1.30%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B	$3,176,000	–	21,934	–	1.26%	–
FDX	New	FEDEX CORPORATION	$3,109,000	–	20,480	–	1.24%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$3,084,000	–	67,756	–	1.23%	–
DHR	New	DANAHER CORP DEL	$3,025,000	–	29,951	–	1.20%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$2,906,000	–	38,344	–	1.16%	–
XLY	New	SECTOR SPDR CONSUMER FD SHARESetf	$2,870,000	–	36,766	–	1.14%	–
DNKN	New	DUNKIN' BRANDS GROUP INC.	$2,849,000	–	65,315	–	1.13%	–
CSX	New	CSX CORP	$2,713,000	–	104,040	–	1.08%	–
FITB	New	FIFTH THIRD BANCORP	$2,703,000	–	153,650	–	1.08%	–
SYNA	New	SYNAPTICS INCORPORATED	$2,545,000	–	47,337	–	1.01%	–
CERN	New	CERNER CORPORATION	$2,363,000	–	40,327	–	0.94%	–
FTNT	New	FORTINET INC	$2,209,000	–	69,945	–	0.88%	–
CVS	New	CVS CAREMARK CORP	$2,176,000	–	22,731	–	0.86%	–
HAL	New	HALLIBURTON CO	$2,113,000	–	46,660	–	0.84%	–
XLI	New	SECTOR SPDR INDL SELECT SHARESetf	$2,075,000	–	37,040	–	0.82%	–
PAYX	New	PAYCHEX INC	$2,055,000	–	34,525	–	0.82%	–
JLL	New	JONES LANG LASALLE INC	$1,986,000	–	20,385	–	0.79%	–
VIS	New	VANGUARD INDUSTRIALSetf	$1,807,000	–	17,000	–	0.72%	–
VO	New	VANGUARD INDEX FDS MID CAP ETFetf	$1,791,000	–	14,490	–	0.71%	–
VB	New	VANGUARD SMALL-CAP ETFetf	$1,764,000	–	15,251	–	0.70%	–
HACK	New	PUREFUNDS ISE CYBER SECURITY Eetf	$1,471,000	–	61,588	–	0.58%	–
BAC	New	BANK OF AMERICA CORP	$1,322,000	–	99,700	–	0.53%	–
DISCA	New	DISCOVERY COMMUN SER A SERIES	$1,306,000	–	51,798	–	0.52%	–
DGS	New	WISDOMTREE TRUST EMERGING SMALetf	$1,169,000	–	30,175	–	0.46%	–
VWO	New	VANGUARD FTSE EMERGING MARKETSetf	$1,091,000	–	30,969	–	0.43%	–
SDY	New	SPDR S&P DIVIDEND ETFetf	$1,038,000	–	12,364	–	0.41%	–
XHB	New	SPDR S&P HOMEBUILDERS ETFetf	$1,038,000	–	30,940	–	0.41%	–
BIDU	New	BAIDU INC ADR F SPONSORED ADR	$1,015,000	–	6,150	–	0.40%	–
IBM	New	IBM CORP	$918,000	–	6,049	–	0.36%	–
CVX	New	CHEVRON CORPORATION	$842,000	–	8,030	–	0.34%	–
PPG	New	P P G INDUSTRIES INC	$833,000	–	8,000	–	0.33%	–
KMI	New	KINDER MORGAN INC	$803,000	–	42,895	–	0.32%	–
FDN	New	FIRST TRUST DJ INTERNET IDX FDetf	$789,000	–	10,940	–	0.31%	–
MTB	New	M AND T BANK CORP	$774,000	–	6,550	–	0.31%	–
ABBV	New	ABBVIE INC	$769,000	–	12,430	–	0.31%	–
XLE	New	ENERGY SELECT SECTOR ETFetf	$769,000	–	11,275	–	0.31%	–
STT	New	STATE STREET CORP	$753,000	–	13,960	–	0.30%	–
AET	New	AETNA INC NEW	$739,000	–	6,050	–	0.29%	–
MMM	New	3M CO	$713,000	–	4,072	–	0.28%	–
MRK	New	MERCK AND CO INC	$697,000	–	12,104	–	0.28%	–
PAY	New	VERIFONE SYSTEMS INC.	$691,000	–	37,283	–	0.28%	–
PM	New	PHILIP MORRIS INTERNATIONAL IN	$654,000	–	6,428	–	0.26%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$647,000	–	8,798	–	0.26%	–
HD	New	HOME DEPOT INC	$631,000	–	4,937	–	0.25%	–
KO	New	COCA COLA CO	$569,000	–	12,550	–	0.23%	–
MS	New	MORGAN STANLEY	$560,000	–	21,559	–	0.22%	–
MCD	New	MCDONALDS CORP	$540,000	–	4,485	–	0.22%	–
PFE	New	PFIZER INCORPORATED	$537,000	–	15,235	–	0.21%	–
RDSA	New	ROYAL DUTCH PLC ADR	$510,000	–	9,230	–	0.20%	–
INTC	New	INTEL CORP	$507,000	–	15,460	–	0.20%	–
IYH	New	ISHARES TR DJ US HEALTHCRetf	$508,000	–	3,425	–	0.20%	–
KHC	New	KRAFT HEINZ COMPANY	$498,000	–	5,631	–	0.20%	–
DIS	New	WALT DISNEY COMPANY	$493,000	–	5,051	–	0.20%	–
MO	New	ALTRIA GROUP INC	$488,000	–	7,084	–	0.19%	–
ABT	New	ABBOTT LABORATORIES	$485,000	–	12,345	–	0.19%	–
EVHC	New	ENVISION HEALTHCARE HOLDINGS I	$431,000	–	16,990	–	0.17%	–
ECON	New	EGSHARES EMERGING MARKETS CONSetf	$431,000	–	18,552	–	0.17%	–
IWS	New	ISHARES RUSSELL VALUE MIDCAP Vetf	$423,000	–	5,700	–	0.17%	–
HUBB	New	HUBBELL INC CLASS B	$422,000	–	4,000	–	0.17%	–
AVY	New	AVERY DENNISON CORP	$359,000	–	4,800	–	0.14%	–
CAT	New	CATERPILLAR INC	$354,000	–	4,675	–	0.14%	–
VCR	New	VANGUARD CNSMR DSCRTNARYetf	$351,000	–	2,875	–	0.14%	–
IBB	New	ISHARES TR NASDQ BIO INDXetf	$339,000	–	1,318	–	0.14%	–
PEG	New	PUB SVC ENT GROUP INC	$336,000	–	7,200	–	0.13%	–
DWX	New	SPDR S & P INTL DIVIDENDetf	$314,000	–	8,933	–	0.12%	–
EMR	New	EMERSON ELECTRIC CO.	$292,000	–	5,600	–	0.12%	–
COST	New	COSTCO WHOLESALE CORP	$287,000	–	1,827	–	0.11%	–
CL	New	COLGATE PALMOLIVE CO	$287,000	–	3,925	–	0.11%	–
CMCSA	New	COMCAST CORP NEW CL A	$281,000	–	4,318	–	0.11%	–
EFA	New	ISHARES TR MSCI EAFE FD MSCI Eetf	$275,000	–	4,922	–	0.11%	–
HON	New	HONEYWELL INTL INC	$268,000	–	2,300	–	0.11%	–
PEP	New	PEPSICO INCORPORATED	$259,000	–	2,450	–	0.10%	–
IWF	New	ISHARES TR RUSSELL 1000 GROWTHetf	$249,000	–	2,474	–	0.10%	–
VHT	New	VANGUARD HEALTH CARE ETFetf	$249,000	–	1,905	–	0.10%	–
KRE	New	SPDR S&P REGIONAL BKINGetf	$240,000	–	6,250	–	0.10%	–
LH	New	LABORATORY CORP AMER HLDGS COM	$225,000	–	1,725	–	0.09%	–
AXP	New	AMERICAN EXPRESS COMPANY	$216,000	–	3,550	–	0.09%	–
	New	1/100 BERKSHIRE HTWY CLA 100 S	$217,000	–	100	–	0.09%	–
SPGI	New	S&P GLOBAL INC COM	$215,000	–	2,000	–	0.08%	–
MKC	New	MCCORMICK AND CO INC NON VTG	$213,000	–	2,000	–	0.08%	–
AME	New	AMETEK INC NEW	$208,000	–	4,500	–	0.08%	–
XLB	New	MATERIALS SELECT SECTOR SPDR Fetf	$209,000	–	4,500	–	0.08%	–
DLTR	New	DOLLAR TREE INC	$207,000	–	2,200	–	0.08%	–
WU	New	WESTERN UNION COMPANY	$192,000	–	10,000	–	0.08%	–
RVT	New	ROYCE VALUE TRUST, INC.	$153,000	–	13,000	–	0.06%	–

Q4 2015

			Value		Shares		↓ Weighting
WU	Exit	WESTERN UNION COMPANY	$0	–	-10,000	–	-0.06%	–
CMCSK	Exit	COMCAST CL A SPECIAL	$0	–	-3,615	–	-0.07%	–
LH	Exit	LABORATORY CORP AMER HLDGS COM	$0	–	-1,925	–	-0.07%	–
FB	Exit	FACEBOOK INC CLASS A	$0	–	-2,441	–	-0.08%	–
QCOM	Exit	QUALCOMM INC	$0	–	-4,550	–	-0.09%	–
IBB	Exit	ISHARES TR NASDQ BIO INDXetf	$0	–	-814	–	-0.09%	–
EMR	Exit	EMERSON ELECTRIC CO.	$0	–	-5,600	–	-0.09%	–
CELG	Exit	CELGENE CORP	$0	–	-2,308	–	-0.09%	–
KRE	Exit	SPDR S&P REGIONAL BKINGetf	$0	–	-6,250	–	-0.09%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-4,075	–	-0.09%	–
COST	Exit	COSTCO WHOLESALE CORP	$0	–	-1,802	–	-0.09%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-3,250	–	-0.10%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-4,800	–	-0.10%	–
EFA	Exit	ISHARES TR MSCI EAFE FD MSCI Eetf	$0	–	-4,886	–	-0.10%	–
AXP	Exit	AMERICAN EXPRESS COMPANY	$0	–	-3,850	–	-0.10%	–
DWX	Exit	SPDR S & P INTL DIVIDENDetf	$0	–	-8,674	–	-0.10%	–
PEG	Exit	PUB SVC ENT GROUP INC	$0	–	-7,200	–	-0.11%	–
AME	Exit	AMETEK INC NEW	$0	–	-6,000	–	-0.11%	–
CAT	Exit	CATERPILLAR INC	$0	–	-4,950	–	-0.12%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-3,450	–	-0.12%	–
VHT	Exit	VANGUARD HEALTH CARE ETFetf	$0	–	-2,700	–	-0.12%	–
VCR	Exit	VANGUARD CNSMR DSCRTNARYetf	$0	–	-2,875	–	-0.12%	–
VGT	Exit	VANGUARD INFO TECHNOLOGYetf	$0	–	-3,496	–	-0.12%	–
KHC	Exit	KRAFT HEINZ COMPANY	$0	–	-5,331	–	-0.13%	–
IWS	Exit	ISHARES RUSSELL VALUE MIDCAP Vetf	$0	–	-5,700	–	-0.14%	–
HUBB	Exit	HUBBELL INC CLASS B	$0	–	-5,089	–	-0.15%	–
MCD	Exit	MCDONALDS CORP	$0	–	-4,485	–	-0.16%	–
TGT	Exit	TARGET CORPORATION	$0	–	-5,762	–	-0.16%	–
RDSA	Exit	ROYAL DUTCH PLC ADR	$0	–	-9,706	–	-0.16%	–
GLD	Exit	SPDR GOLD TRUSTetf	$0	–	-4,310	–	-0.16%	–
INTC	Exit	INTEL CORP	$0	–	-15,460	–	-0.16%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-4,686	–	-0.17%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-16,385	–	-0.18%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-12,825	–	-0.18%	–
DISCK	Exit	DISCOVERY COMMUNICATIONS INC S	$0	–	-21,309	–	-0.18%	–
KO	Exit	COCA COLA CO	$0	–	-12,850	–	-0.18%	–
IYH	Exit	ISHARES TR DJ US HEALTHCRetf	$0	–	-3,800	–	-0.19%	–
MRK	Exit	MERCK AND CO INC	$0	–	-11,450	–	-0.20%	–
HD	Exit	HOME DEPOT INC	$0	–	-5,037	–	-0.21%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-10,302	–	-0.22%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-7,730	–	-0.22%	–
AET	Exit	AETNA INC NEW	$0	–	-6,000	–	-0.23%	–
ABBV	Exit	ABBVIE INC	$0	–	-12,910	–	-0.25%	–
PPG	Exit	P P G INDUSTRIES INC	$0	–	-8,000	–	-0.25%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-13,009	–	-0.25%	–
MS	Exit	MORGAN STANLEY	$0	–	-23,459	–	-0.26%	–
XLE	Exit	ENERGY SELECT SECTOR ETFetf	$0	–	-12,375	–	-0.27%	–
MTB	Exit	M AND T BANK CORP	$0	–	-6,550	–	-0.28%	–
SDY	Exit	SPDR S&P DIVIDEND ETFetf	$0	–	-11,989	–	-0.31%	–
BIDU	Exit	BAIDU INC ADR F SPONSORED ADR	$0	–	-6,325	–	-0.31%	–
STT	Exit	STATE STREET CORP	$0	–	-14,164	–	-0.34%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL IN	$0	–	-13,178	–	-0.37%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-9,527	–	-0.39%	–
MMM	Exit	3M CO	$0	–	-8,072	–	-0.41%	–
VO	Exit	VANGUARD INDEX FDS MID CAP ETFetf	$0	–	-11,660	–	-0.48%	–
DGS	Exit	WISDOMTREE TRUST EMERGING SMALetf	$0	–	-38,910	–	-0.49%	–
IBM	Exit	IBM CORP	$0	–	-9,709	–	-0.50%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-106,230	–	-0.59%	–
PAYX	Exit	PAYCHEX INC	$0	–	-36,025	–	-0.61%	–
XHB	Exit	SPDR S&P HOMEBUILDERS ETFetf	$0	–	-53,465	–	-0.65%	–
ECON	Exit	EGSHARES EMERGING MARKETS CONSetf	$0	–	-85,148	–	-0.66%	–
VB	Exit	VANGUARD SMALL-CAP ETFetf	$0	–	-17,179	–	-0.66%	–
VIS	Exit	VANGUARD INDUSTRIALSetf	$0	–	-20,325	–	-0.68%	–
QIHU	Exit	QIHOO 360 TECHNOLOGY CO ADR	$0	–	-40,350	–	-0.68%	–
EPD	Exit	ENTERPRISE PRODUCTS PART LP	$0	–	-80,440	–	-0.71%	–
PAA	Exit	PLAINS ALL AMERICAN PIPELINE L	$0	–	-68,540	–	-0.74%	–
WFM	Exit	WHOLE FOODS MARKET INC	$0	–	-69,320	–	-0.78%	–
DISCA	Exit	DISCOVERY COMMUN SER A SERIES	$0	–	-84,541	–	-0.78%	–
CVS	Exit	CVS CAREMARK CORP	$0	–	-23,386	–	-0.80%	–
MYL	Exit	MYLAN N.V.	$0	–	-60,280	–	-0.86%	–
WFC	Exit	WELLS FARGO AND CO NEW	$0	–	-47,870	–	-0.87%	–
PAY	Exit	VERIFONE SYSTEMS INC.	$0	–	-89,185	–	-0.88%	–
PVH	Exit	PVH CORP	$0	–	-24,334	–	-0.88%	–
HAL	Exit	HALLIBURTON CO	$0	–	-70,140	–	-0.88%	–
FLS	Exit	FLOWSERVE CORPORATION	$0	–	-60,260	–	-0.88%	–
XLI	Exit	SECTOR SPDR INDL SELECT SHARESetf	$0	–	-51,865	–	-0.92%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-31,704	–	-0.96%	–
XLY	Exit	SECTOR SPDR CONSUMER FD SHARESetf	$0	–	-37,551	–	-0.99%	–
CSX	Exit	CSX CORP	$0	–	-107,980	–	-1.03%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-40,850	–	-1.04%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CL B	$0	–	-22,624	–	-1.05%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-156,595	–	-1.05%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-70,841	–	-1.05%	–
FTNT	Exit	FORTINET INC	$0	–	-70,113	–	-1.06%	–
JLL	Exit	JONES LANG LASALLE INC	$0	–	-21,620	–	-1.10%	–
JNJ	Exit	JOHNSON AND JOHNSON CO	$0	–	-33,686	–	-1.12%	–
CERN	Exit	CERNER CORPORATION	$0	–	-52,480	–	-1.12%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRUSTetf	$0	–	-12,647	–	-1.12%	–
HACK	Exit	PUREFUNDS ISE CYBER SECURITY Eetf	$0	–	-128,935	–	-1.16%	–
EVHC	Exit	ENVISION HEALTHCARE HOLDINGS I	$0	–	-89,225	–	-1.16%	–
DNKN	Exit	DUNKIN' BRANDS GROUP INC.	$0	–	-68,627	–	-1.19%	–
PF	Exit	PINNACLE FOODS INC	$0	–	-84,515	–	-1.26%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-39,787	–	-1.26%	–
DOV	Exit	DOVER CORP	$0	–	-63,497	–	-1.29%	–
BABA	Exit	ALIBABA GROUP HLDG LTD	$0	–	-61,810	–	-1.29%	–
GOOGL	Exit	GOOGLE INC CLASS A	$0	–	-5,859	–	-1.33%	–
EFX	Exit	EQUIFAX INC	$0	–	-40,655	–	-1.40%	–
ZTS	Exit	ZOETIS INC.	$0	–	-97,375	–	-1.42%	–
SYNA	Exit	SYNAPTICS INCORPORATED	$0	–	-50,405	–	-1.48%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-150,636	–	-1.48%	–
TYG	Exit	TORTOISE ENERGY INFRASTRUCTURE	$0	–	-173,140	–	-1.67%	–
GOOG	Exit	GOOGLE INC CLASS C	$0	–	-7,716	–	-1.67%	–
QQQ	Exit	POWERSHARES QQQ TRUST UNIT SERetf	$0	–	-49,777	–	-1.80%	–
CNC	Exit	CENTENE CORP	$0	–	-94,066	–	-1.81%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKETSetf	$0	–	-155,134	–	-1.82%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-42,105	–	-1.84%	–
AJG	Exit	GALLAGHER ARTHUR J AND CO	$0	–	-128,714	–	-1.88%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-71,919	–	-1.90%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTD	$0	–	-67,918	–	-1.91%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-78,611	–	-1.92%	–
VNTV	Exit	VANTIV INC	$0	–	-128,290	–	-2.04%	–
HBI	Exit	HANESBRANDS, INC.	$0	–	-205,087	–	-2.11%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-52,293	–	-2.15%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-140,589	–	-2.17%	–
GLW	Exit	CORNING INC	$0	–	-358,389	–	-2.18%	–
HEDJ	Exit	WISDOMTREE EUROPE ETF HEDGED Eetf	$0	–	-122,651	–	-2.38%	–
ACN	Exit	ACCENTURE PLC	$0	–	-75,193	–	-2.62%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO	$0	–	-114,891	–	-3.30%	–
AAPL	Exit	APPLE INC	$0	–	-108,191	–	-4.24%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-72,294	–	-4.92%	–

Q3 2015

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRUSTetf	$13,853,000	-6.4%	72,294	+0.5%	4.92%	+5.2%
AAPL	Buy	APPLE INC	$11,934,000	-10.4%	108,191	+1.9%	4.24%	+0.7%
ESRX	Sell	EXPRESS SCRIPTS HOLDING CO	$9,302,000	-10.7%	114,891	-1.9%	3.30%	+0.3%
ACN	Sell	ACCENTURE PLC	$7,389,000	-12.5%	75,193	-13.8%	2.62%	-1.7%
HEDJ	Buy	WISDOMTREE EUROPE ETF HEDGED Eetf	$6,703,000	-4.5%	122,651	+7.7%	2.38%	+7.3%
GLW	Sell	CORNING INC	$6,135,000	-14.2%	358,389	-1.1%	2.18%	-3.5%
VZ	Sell	VERIZON COMMUNICATIONS	$6,117,000	-7.5%	140,589	-0.9%	2.17%	+3.9%
UNH	Sell	UNITEDHEALTH GROUP INC	$6,066,000	-6.1%	52,293	-1.2%	2.15%	+5.5%
HBI	Buy	HANESBRANDS, INC.	$5,935,000	+669.8%	205,087	+785.9%	2.11%	+766.7%
VNTV	Sell	VANTIV INC	$5,763,000	+17.0%	128,290	-0.5%	2.04%	+31.5%
SLB	Sell	SCHLUMBERGER LTD	$5,421,000	-22.1%	78,611	-2.6%	1.92%	-12.4%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTD	$5,388,000	-1.2%	67,918	-1.0%	1.91%	+11.0%
XOM	Sell	EXXON MOBIL CORP	$5,346,000	-13.6%	71,919	-3.3%	1.90%	-2.9%
AJG	Sell	GALLAGHER ARTHUR J AND CO	$5,313,000	-14.0%	128,714	-1.5%	1.88%	-3.4%
NKE	Sell	NIKE INC CLASS B	$5,178,000	+12.1%	42,105	-1.6%	1.84%	+25.9%
VWO	Buy	VANGUARD FTSE EMERGING MARKETSetf	$5,133,000	-6.1%	155,134	+16.0%	1.82%	+5.4%
CNC	Sell	CENTENE CORP	$5,101,000	-33.1%	94,066	-0.8%	1.81%	-24.8%
QQQ	Buy	POWERSHARES QQQ TRUST UNIT SERetf	$5,065,000	-3.9%	49,777	+1.1%	1.80%	+7.9%
GOOG	Sell	GOOGLE INC CLASS C	$4,695,000	+11.7%	7,716	-4.4%	1.67%	+25.5%
TYG	Sell	TORTOISE ENERGY INFRASTRUCTURE	$4,694,000	-27.2%	173,140	-1.0%	1.67%	-18.2%
KMI	Sell	KINDER MORGAN INC	$4,169,000	-41.0%	150,636	-18.1%	1.48%	-33.7%
SYNA	Sell	SYNAPTICS INCORPORATED	$4,157,000	-5.2%	50,405	-0.3%	1.48%	+6.5%
ZTS	Sell	ZOETIS INC.	$4,009,000	-15.9%	97,375	-1.5%	1.42%	-5.4%
EFX	Sell	EQUIFAX INC	$3,951,000	-0.5%	40,655	-0.6%	1.40%	+11.8%
GOOGL	Sell	GOOGLE INC CLASS A	$3,741,000	+11.5%	5,859	-5.7%	1.33%	+25.2%
BABA	Buy	ALIBABA GROUP HLDG LTD	$3,645,000	+88.6%	61,810	+163.0%	1.29%	+112.0%
DOV	Sell	DOVER CORP	$3,631,000	-18.7%	63,497	-0.2%	1.29%	-8.7%
PNC	Buy	PNC FINL SVCS GROUP INC	$3,549,000	-6.4%	39,787	+0.3%	1.26%	+5.1%
PF	Sell	PINNACLE FOODS INC	$3,539,000	-10.0%	84,515	-2.2%	1.26%	+1.1%
DNKN	Sell	DUNKIN' BRANDS GROUP INC.	$3,362,000	-11.5%	68,627	-0.7%	1.19%	-0.6%
EVHC	Sell	ENVISION HEALTHCARE HOLDINGS I	$3,282,000	-7.8%	89,225	-1.0%	1.16%	+3.6%
HACK	Buy	PUREFUNDS ISE CYBER SECURITY Eetf	$3,256,000	-18.5%	128,935	+1.8%	1.16%	-8.4%
CERN	Buy	CERNER CORPORATION	$3,147,000	-12.9%	52,480	+0.3%	1.12%	-2.1%
MDY	Buy	SPDR S&P MIDCAP 400 ETF TRUSTetf	$3,148,000	-8.7%	12,647	+0.2%	1.12%	+2.6%
JNJ	Sell	JOHNSON AND JOHNSON CO	$3,145,000	-19.0%	33,686	-15.4%	1.12%	-9.0%
JLL	Sell	JONES LANG LASALLE INC	$3,108,000	-17.1%	21,620	-1.4%	1.10%	-6.8%
FTNT	Sell	FORTINET INC	$2,978,000	-0.6%	70,113	-3.3%	1.06%	+11.7%
MDLZ	Sell	MONDELEZ INTERNATIONAL INC	$2,966,000	-26.1%	70,841	-27.3%	1.05%	-17.0%
FITB	New	FIFTH THIRD BANCORP	$2,961,000	–	156,595	–	1.05%	–
BRKB	Sell	BERKSHIRE HATHAWAY INC CL B	$2,950,000	-12.5%	22,624	-8.7%	1.05%	-1.7%
PG	Sell	PROCTER AND GAMBLE CO	$2,938,000	-12.8%	40,850	-5.1%	1.04%	-2.0%
CSX	Sell	CSX CORP	$2,904,000	-18.1%	107,980	-0.6%	1.03%	-8.0%
XLY	Sell	SECTOR SPDR CONSUMER FD SHARESetf	$2,789,000	-9.0%	37,551	-6.3%	0.99%	+2.3%
DHR	Sell	DANAHER CORP DEL	$2,701,000	-2.1%	31,704	-1.6%	0.96%	+10.0%
PVH	Sell	PVH CORP	$2,480,000	-47.7%	24,334	-40.8%	0.88%	-41.2%
HAL	Sell	HALLIBURTON CO	$2,479,000	-18.9%	70,140	-1.2%	0.88%	-8.9%
FLS	New	FLOWSERVE CORPORATION	$2,479,000	–	60,260	–	0.88%	–
PAY	New	VERIFONE SYSTEMS INC.	$2,473,000	–	89,185	–	0.88%	–
WFC	Sell	WELLS FARGO AND CO NEW	$2,458,000	-14.4%	47,870	-6.2%	0.87%	-3.9%
MYL	Buy	MYLAN N.V.	$2,426,000	-40.0%	60,280	+1.1%	0.86%	-32.6%
CVS	Sell	CVS CAREMARK CORP	$2,256,000	-26.2%	23,386	-19.8%	0.80%	-17.1%
DISCA	Sell	DISCOVERY COMMUN SER A SERIES	$2,201,000	-23.0%	84,541	-1.6%	0.78%	-13.4%
WFM	Buy	WHOLE FOODS MARKET INC	$2,193,000	-18.4%	69,320	+1.7%	0.78%	-8.4%
PAA	Sell	PLAINS ALL AMERICAN PIPELINE L	$2,082,000	-30.7%	68,540	-0.6%	0.74%	-22.1%
EPD	Buy	ENTERPRISE PRODUCTS PART LP	$2,003,000	-16.2%	80,440	+0.6%	0.71%	-5.8%
VIS	Sell	VANGUARD INDUSTRIALSetf	$1,930,000	-11.9%	20,325	-2.9%	0.68%	-1.0%
QIHU	Sell	QIHOO 360 TECHNOLOGY CO ADR	$1,930,000	-31.5%	40,350	-3.0%	0.68%	-22.9%
VB	Buy	VANGUARD SMALL-CAP ETFetf	$1,855,000	+3.1%	17,179	+15.9%	0.66%	+15.8%
ECON	Sell	EGSHARES EMERGING MARKETS CONSetf	$1,849,000	-46.5%	85,148	-35.9%	0.66%	-39.9%
XHB	Buy	SPDR S&P HOMEBUILDERS ETFetf	$1,830,000	+12.1%	53,465	+19.9%	0.65%	+25.8%
BAC	Sell	BANK OF AMERICA CORP	$1,656,000	-9.9%	106,230	-1.7%	0.59%	+1.4%
IBM	Sell	IBM CORP	$1,408,000	-17.8%	9,709	-7.8%	0.50%	-7.6%
DGS	Buy	WISDOMTREE TRUST EMERGING SMALetf	$1,386,000	+15.7%	38,910	+40.9%	0.49%	+30.2%
VO	Buy	VANGUARD INDEX FDS MID CAP ETFetf	$1,360,000	-4.9%	11,660	+3.9%	0.48%	+6.9%
MMM	Sell	3M CO	$1,144,000	-18.3%	8,072	-11.0%	0.41%	-8.1%
FFIV	Sell	F5 NETWORKS INC	$1,103,000	-47.9%	9,527	-45.8%	0.39%	-41.5%
STT	Sell	STATE STREET CORP	$951,000	-23.9%	14,164	-12.7%	0.34%	-14.5%
BIDU	Sell	BAIDU INC ADR F SPONSORED ADR	$869,000	-31.6%	6,325	-0.8%	0.31%	-23.2%
SDY	Sell	SPDR S&P DIVIDEND ETFetf	$864,000	-8.3%	11,989	-3.0%	0.31%	+3.4%
MO	Sell	ALTRIA GROUP INC	$707,000	+8.6%	13,009	-2.2%	0.25%	+21.8%
ABBV	Sell	ABBVIE INC	$703,000	-22.5%	12,910	-4.4%	0.25%	-12.9%
CVX	Sell	CHEVRON CORPORATION	$610,000	-20.3%	7,730	-2.5%	0.22%	-10.7%
MRK	Buy	MERCK AND CO INC	$566,000	-13.1%	11,450	+0.0%	0.20%	-2.4%
DISCK	Sell	DISCOVERY COMMUNICATIONS INC S	$517,000	-54.1%	21,309	-41.2%	0.18%	-48.6%
PFE	Sell	PFIZER INCORPORATED	$515,000	-16.3%	16,385	-10.7%	0.18%	-5.7%
ABT	Sell	ABBOTT LABORATORIES	$516,000	-21.6%	12,825	-4.5%	0.18%	-12.0%
KO	Sell	COCA COLA CO	$515,000	-3.7%	12,850	-5.9%	0.18%	+8.3%
DIS	Sell	WALT DISNEY COMPANY	$479,000	-13.2%	4,686	-3.1%	0.17%	-2.3%
INTC	Sell	INTEL CORP	$466,000	-7.4%	15,460	-6.6%	0.16%	+3.8%
GLD	Sell	SPDR GOLD TRUSTetf	$461,000	-23.3%	4,310	-19.4%	0.16%	-13.7%
RDSA	Buy	ROYAL DUTCH PLC ADR	$460,000	-16.8%	9,706	+0.1%	0.16%	-6.9%
MCD	Sell	MCDONALDS CORP	$442,000	-12.8%	4,485	-15.9%	0.16%	-1.9%
KHC	New	KRAFT HEINZ COMPANY	$376,000	–	5,331	–	0.13%	–
VGT	Sell	VANGUARD INFO TECHNOLOGYetf	$350,000	-41.6%	3,496	-38.0%	0.12%	-34.4%
VHT	Buy	VANGUARD HEALTH CARE ETFetf	$331,000	+42.1%	2,700	+62.2%	0.12%	+58.1%
PEP	Sell	PEPSICO INCORPORATED	$325,000	-20.3%	3,450	-21.1%	0.12%	-10.9%
CAT	Sell	CATERPILLAR INC	$324,000	-28.0%	4,950	-6.6%	0.12%	-19.0%
DWX	Sell	SPDR S & P INTL DIVIDENDetf	$294,000	-18.6%	8,674	-0.6%	0.10%	-8.8%
EFA	Sell	ISHARES TR MSCI EAFE FD MSCI Eetf	$280,000	-55.6%	4,886	-50.7%	0.10%	-50.3%
WBA	Buy	WALGREEN BOOTS ALLIANCE INC	$270,000	+6.7%	3,250	+8.3%	0.10%	+20.0%
LH	Sell	LABORATORY CORP AMER HLDGS COM	$209,000	-28.9%	1,925	-20.6%	0.07%	-20.4%
MHFI	Exit	MCGRAW-HILL FINANCIAL	$0	–	-2,000	–	-0.06%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,000	–	-0.06%	–
DE	Exit	DEERE AND CO	$0	–	-2,180	–	-0.07%	–
IWF	Exit	ISHARES TR RUSSELL 1000 GROWTHetf	$0	–	-2,134	–	-0.07%	–
XLB	Exit	MATERIALS SELECT SECTOR SPDR Fetf	$0	–	-4,500	–	-0.07%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-3,250	–	-0.07%	–
JPM	Exit	J P MORGAN CHASE AND CO	$0	–	-3,250	–	-0.07%	–
OEF	Exit	ISHARES TR S&P 100 ETF S & P 1etf	$0	–	-2,700	–	-0.08%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-4,241	–	-0.08%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-9,300	–	-0.08%	–
MJN	Exit	MEAD JOHNSON NUTRITION CO-A	$0	–	-3,130	–	-0.09%	–
EBAY	Exit	EBAY INC	$0	–	-5,024	–	-0.10%	–
SPWRA	Exit	SUNPOWER CORPORATION	$0	–	-11,698	–	-0.10%	–
	Exit	1/100 BERKSHIRE HTWY CLA 100 S	$0	–	-200	–	-0.13%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-5,731	–	-0.15%	–
EXP	Exit	EAGLE MATERIALS INC.	$0	–	-10,785	–	-0.26%	–
CPA	Exit	COPA HOLDINGS SA CL A	$0	–	-21,353	–	-0.56%	–
IEMG	Exit	ISHARES CORE MSCI EMERGING MARetf	$0	–	-39,875	–	-0.60%	–

Q2 2015

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRUSTetf	$14,802,000	–	71,911	–	4.68%	–
AAPL	New	APPLE INC	$13,319,000	–	106,195	–	4.21%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$10,418,000	–	117,126	–	3.29%	–
ACN	New	ACCENTURE PLC	$8,444,000	–	87,248	–	2.67%	–
CNC	New	CENTENE CORP	$7,622,000	–	94,806	–	2.41%	–
GLW	New	CORNING INC	$7,147,000	–	362,264	–	2.26%	–
KMI	New	KINDER MORGAN INC	$7,062,000	–	183,946	–	2.23%	–
HEDJ	New	WISDOMTREE EUROPE ETF HEDGED Eetf	$7,017,000	–	113,931	–	2.22%	–
SLB	New	SCHLUMBERGER LTD	$6,958,000	–	80,736	–	2.20%	–
VZ	New	VERIZON COMMUNICATIONS	$6,614,000	–	141,884	–	2.09%	–
UNH	New	UNITEDHEALTH GROUP INC	$6,461,000	–	52,953	–	2.04%	–
TYG	New	TORTOISE ENERGY INFRASTRUCTURE	$6,451,000	–	174,805	–	2.04%	–
XOM	New	EXXON MOBIL CORP	$6,187,000	–	74,349	–	1.95%	–
AJG	New	GALLAGHER ARTHUR J AND CO	$6,180,000	–	130,655	–	1.95%	–
VWO	New	VANGUARD FTSE EMERGING MARKETSetf	$5,469,000	–	133,792	–	1.73%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTD	$5,456,000	–	68,588	–	1.72%	–
QQQ	New	POWERSHARES QQQ TRUST UNIT SERetf	$5,273,000	–	49,252	–	1.66%	–
VNTV	New	VANTIV INC	$4,924,000	–	128,925	–	1.56%	–
ZTS	New	ZOETIS INC.	$4,766,000	–	98,855	–	1.50%	–
PVH	New	PVH CORP	$4,739,000	–	41,129	–	1.50%	–
NKE	New	NIKE INC CLASS B	$4,621,000	–	42,775	–	1.46%	–
DOV	New	DOVER CORP	$4,466,000	–	63,627	–	1.41%	–
SYNA	New	SYNAPTICS INCORPORATED	$4,387,000	–	50,575	–	1.38%	–
GOOG	New	GOOGLE INC CLASS C	$4,203,000	–	8,074	–	1.33%	–
MYL	New	MYLAN N.V.	$4,046,000	–	59,625	–	1.28%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$4,011,000	–	97,478	–	1.27%	–
HACK	New	PUREFUNDS ISE CYBER SECURITY Eetf	$3,993,000	–	126,595	–	1.26%	–
EFX	New	EQUIFAX INC	$3,972,000	–	40,905	–	1.25%	–
PF	New	PINNACLE FOODS INC	$3,934,000	–	86,375	–	1.24%	–
JNJ	New	JOHNSON AND JOHNSON CO	$3,883,000	–	39,836	–	1.23%	–
DNKN	New	DUNKIN' BRANDS GROUP INC.	$3,801,000	–	69,102	–	1.20%	–
PNC	New	PNC FINL SVCS GROUP INC	$3,793,000	–	39,657	–	1.20%	–
JLL	New	JONES LANG LASALLE INC	$3,748,000	–	21,920	–	1.18%	–
CERN	New	CERNER CORPORATION	$3,614,000	–	52,340	–	1.14%	–
EVHC	New	ENVISION HEALTHCARE HOLDINGS I	$3,559,000	–	90,140	–	1.12%	–
CSX	New	CSX CORP	$3,547,000	–	108,640	–	1.12%	–
ECON	New	EGSHARES EMERGING MARKETS CONSetf	$3,458,000	–	132,738	–	1.09%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRUSTetf	$3,447,000	–	12,617	–	1.09%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B	$3,373,000	–	24,784	–	1.06%	–
PG	New	PROCTER AND GAMBLE CO	$3,368,000	–	43,060	–	1.06%	–
GOOGL	New	GOOGLE INC CLASS A	$3,356,000	–	6,214	–	1.06%	–
XLY	New	SECTOR SPDR CONSUMER FD SHARESetf	$3,065,000	–	40,076	–	0.97%	–
HAL	New	HALLIBURTON CO	$3,058,000	–	71,010	–	0.97%	–
CVS	New	CVS CAREMARK CORP	$3,058,000	–	29,156	–	0.97%	–
PAA	New	PLAINS ALL AMERICAN PIPELINE L	$3,004,000	–	68,940	–	0.95%	–
FTNT	New	FORTINET INC	$2,996,000	–	72,485	–	0.95%	–
WFC	New	WELLS FARGO AND CO NEW	$2,871,000	–	51,060	–	0.91%	–
DISCA	New	DISCOVERY COMMUN SER A SERIES	$2,857,000	–	85,901	–	0.90%	–
QIHU	New	QIHOO 360 TECHNOLOGY CO ADR	$2,816,000	–	41,610	–	0.89%	–
XLI	New	SECTOR SPDR INDL SELECT SHARESetf	$2,804,000	–	51,865	–	0.89%	–
DHR	New	DANAHER CORP DEL	$2,759,000	–	32,229	–	0.87%	–
WFM	New	WHOLE FOODS MARKET INC	$2,689,000	–	68,175	–	0.85%	–
EPD	New	ENTERPRISE PRODUCTS PART LP	$2,390,000	–	79,965	–	0.76%	–
VIS	New	VANGUARD INDUSTRIALSetf	$2,191,000	–	20,925	–	0.69%	–
FFIV	New	F5 NETWORKS INC	$2,116,000	–	17,583	–	0.67%	–
BABA	New	ALIBABA GROUP HLDG LTD	$1,933,000	–	23,500	–	0.61%	–
IEMG	New	ISHARES CORE MSCI EMERGING MARetf	$1,916,000	–	39,875	–	0.60%	–
BAC	New	BANK OF AMERICA CORP	$1,838,000	–	108,015	–	0.58%	–
VB	New	VANGUARD SMALL-CAP ETFetf	$1,800,000	–	14,819	–	0.57%	–
CPA	New	COPA HOLDINGS SA CL A	$1,764,000	–	21,353	–	0.56%	–
IBM	New	IBM CORP	$1,713,000	–	10,534	–	0.54%	–
PAYX	New	PAYCHEX INC	$1,688,000	–	36,025	–	0.53%	–
XHB	New	SPDR S&P HOMEBUILDERS ETFetf	$1,633,000	–	44,585	–	0.52%	–
VO	New	VANGUARD INDEX FDS MID CAP ETFetf	$1,430,000	–	11,225	–	0.45%	–
MMM	New	3M CO	$1,400,000	–	9,072	–	0.44%	–
BIDU	New	BAIDU INC ADR F SPONSORED ADR	$1,270,000	–	6,375	–	0.40%	–
STT	New	STATE STREET CORP	$1,249,000	–	16,224	–	0.39%	–
DGS	New	WISDOMTREE TRUST EMERGING SMALetf	$1,198,000	–	27,610	–	0.38%	–
DISCK	New	DISCOVERY COMMUNICATIONS INC S	$1,127,000	–	36,244	–	0.36%	–
PM	New	PHILIP MORRIS INTERNATIONAL IN	$1,056,000	–	13,178	–	0.33%	–
SDY	New	SPDR S&P DIVIDEND ETFetf	$942,000	–	12,354	–	0.30%	–
XLE	New	ENERGY SELECT SECTOR ETFetf	$930,000	–	12,375	–	0.29%	–
PPG	New	P P G INDUSTRIES INC	$918,000	–	8,000	–	0.29%	–
MS	New	MORGAN STANLEY	$910,000	–	23,459	–	0.29%	–
ABBV	New	ABBVIE INC	$907,000	–	13,510	–	0.29%	–
EXP	New	EAGLE MATERIALS INC.	$823,000	–	10,785	–	0.26%	–
MTB	New	M AND T BANK CORP	$818,000	–	6,550	–	0.26%	–
HBI	New	HANESBRANDS, INC.	$771,000	–	23,150	–	0.24%	–
CVX	New	CHEVRON CORPORATION	$765,000	–	7,930	–	0.24%	–
AET	New	AETNA INC NEW	$765,000	–	6,000	–	0.24%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$685,000	–	10,302	–	0.22%	–
ABT	New	ABBOTT LABORATORIES	$658,000	–	13,425	–	0.21%	–
MRK	New	MERCK AND CO INC	$651,000	–	11,447	–	0.21%	–
MO	New	ALTRIA GROUP INC	$651,000	–	13,308	–	0.21%	–
EFA	New	ISHARES TR MSCI EAFE FD MSCI Eetf	$630,000	–	9,916	–	0.20%	–
PFE	New	PFIZER INCORPORATED	$615,000	–	18,345	–	0.19%	–
GLD	New	SPDR GOLD TRUSTetf	$601,000	–	5,345	–	0.19%	–
IYH	New	ISHARES TR DJ US HEALTHCRetf	$603,000	–	3,800	–	0.19%	–
VGT	New	VANGUARD INFO TECHNOLOGYetf	$599,000	–	5,641	–	0.19%	–
HD	New	HOME DEPOT INC	$560,000	–	5,037	–	0.18%	–
RDSA	New	ROYAL DUTCH PLC ADR	$553,000	–	9,700	–	0.18%	–
DIS	New	WALT DISNEY COMPANY	$552,000	–	4,836	–	0.17%	–
HUBB	New	HUBBELL INC CLASS B	$551,000	–	5,089	–	0.17%	–
KO	New	COCA COLA CO	$535,000	–	13,650	–	0.17%	–
MCD	New	MCDONALDS CORP	$507,000	–	5,335	–	0.16%	–
INTC	New	INTEL CORP	$503,000	–	16,560	–	0.16%	–
KRFT	New	KRAFT FOODS GROUP INC	$488,000	–	5,731	–	0.15%	–
TGT	New	TARGET CORPORATION	$470,000	–	5,762	–	0.15%	–
CAT	New	CATERPILLAR INC	$450,000	–	5,300	–	0.14%	–
IWS	New	ISHARES RUSSELL VALUE MIDCAP Vetf	$420,000	–	5,700	–	0.13%	–
	New	1/100 BERKSHIRE HTWY CLA 100 S	$410,000	–	200	–	0.13%	–
PEP	New	PEPSICO INCORPORATED	$408,000	–	4,375	–	0.13%	–
DWX	New	SPDR S & P INTL DIVIDENDetf	$361,000	–	8,724	–	0.11%	–
VCR	New	VANGUARD CNSMR DSCRTNARYetf	$357,000	–	2,875	–	0.11%	–
SPWRA	New	SUNPOWER CORPORATION	$332,000	–	11,698	–	0.10%	–
AME	New	AMETEK INC NEW	$329,000	–	6,000	–	0.10%	–
EMR	New	EMERSON ELECTRIC CO.	$310,000	–	5,600	–	0.10%	–
EBAY	New	EBAY INC	$303,000	–	5,024	–	0.10%	–
IBB	New	ISHARES TR NASDQ BIO INDXetf	$300,000	–	814	–	0.10%	–
AXP	New	AMERICAN EXPRESS COMPANY	$299,000	–	3,850	–	0.09%	–
AVY	New	AVERY DENNISON CORP	$293,000	–	4,800	–	0.09%	–
LH	New	LABORATORY CORP AMER HLDGS COM	$294,000	–	2,425	–	0.09%	–
QCOM	New	QUALCOMM INC	$285,000	–	4,550	–	0.09%	–
PEG	New	PUB SVC ENT GROUP INC	$283,000	–	7,200	–	0.09%	–
MJN	New	MEAD JOHNSON NUTRITION CO-A	$282,000	–	3,130	–	0.09%	–
KRE	New	SPDR S&P REGIONAL BKINGetf	$276,000	–	6,250	–	0.09%	–
CL	New	COLGATE PALMOLIVE CO	$267,000	–	4,075	–	0.08%	–
CELG	New	CELGENE CORP	$267,000	–	2,308	–	0.08%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$253,000	–	3,000	–	0.08%	–
GE	New	GENERAL ELECTRIC CO	$247,000	–	9,300	–	0.08%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$245,000	–	4,241	–	0.08%	–
COST	New	COSTCO WHOLESALE CORP	$243,000	–	1,802	–	0.08%	–
OEF	New	ISHARES TR S&P 100 ETF S & P 1etf	$245,000	–	2,700	–	0.08%	–
VHT	New	VANGUARD HEALTH CARE ETFetf	$233,000	–	1,665	–	0.07%	–
CMCSK	New	COMCAST CL A SPECIAL	$217,000	–	3,615	–	0.07%	–
LOW	New	LOWES COMPANIES INC	$218,000	–	3,250	–	0.07%	–
JPM	New	J P MORGAN CHASE AND CO	$220,000	–	3,250	–	0.07%	–
XLB	New	MATERIALS SELECT SECTOR SPDR Fetf	$218,000	–	4,500	–	0.07%	–
IWF	New	ISHARES TR RUSSELL 1000 GROWTHetf	$211,000	–	2,134	–	0.07%	–
DE	New	DEERE AND CO	$211,000	–	2,180	–	0.07%	–
FB	New	FACEBOOK INC CLASS A	$209,000	–	2,441	–	0.07%	–
HON	New	HONEYWELL INTL INC	$204,000	–	2,000	–	0.06%	–
WU	New	WESTERN UNION COMPANY	$203,000	–	10,000	–	0.06%	–
MHFI	New	MCGRAW-HILL FINANCIAL	$201,000	–	2,000	–	0.06%	–

Q4 2014

			Value		Shares		↓ Weighting
OREO	Exit	AMERICAN LIBERTY PETRO	$0	–	-20,000	–	0.00%	–
GFIHQ	Exit	GRAHAM-FIELD HEALTH PRODS INC	$0	–	-10,500	–	0.00%	–
WU	Exit	WESTERN UNION COMPANY	$0	–	-10,000	–	-0.06%	–
IWF	Exit	ISHARES TR RUSSELL 1000 GROWTHetf	$0	–	-2,191	–	-0.07%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-4,800	–	-0.07%	–
IBB	Exit	ISHARES TR NASDQ BIO INDXetf	$0	–	-814	–	-0.08%	–
JPM	Exit	J P MORGAN CHASE AND CO	$0	–	-3,700	–	-0.08%	–
BPL	Exit	BUCKEYE PARTNERS UTS L P UNIT	$0	–	-2,800	–	-0.08%	–
CELG	Exit	CELGENE CORP	$0	–	-2,425	–	-0.08%	–
KRE	Exit	SPDR S&P REGIONAL BKINGetf	$0	–	-6,250	–	-0.08%	–
DWX	Exit	SPDR S & P INTL DIVIDENDetf	$0	–	-5,129	–	-0.08%	–
OEF	Exit	ISHARES TR S&P 100 ETF S & P 1etf	$0	–	-2,750	–	-0.08%	–
EBAY	Exit	EBAY INC	$0	–	-4,300	–	-0.08%	–
XLB	Exit	MATERIALS SELECT SECTOR SPDR Fetf	$0	–	-5,000	–	-0.08%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-10,002	–	-0.09%	–
PEG	Exit	PUB SVC ENT GROUP INC	$0	–	-7,400	–	-0.10%	–
AME	Exit	AMETEK INC NEW	$0	–	-6,000	–	-0.10%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-4,725	–	-0.11%	–
LH	Exit	LABORATORY CORP AMER HLDGS COM	$0	–	-3,125	–	-0.11%	–
VCR	Exit	VANGUARD CNSMR DSCRTNARYetf	$0	–	-2,950	–	-0.11%	–
TWTR	Exit	TWITTER INC.	$0	–	-6,507	–	-0.12%	–
MJN	Exit	MEAD JOHNSON NUTRITION CO-A	$0	–	-3,480	–	-0.12%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-5,416	–	-0.12%	–
EMR	Exit	EMERSON ELECTRIC CO.	$0	–	-5,600	–	-0.12%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-3,875	–	-0.12%	–
AXP	Exit	AMERICAN EXPRESS COMPANY	$0	–	-4,250	–	-0.13%	–
TGT	Exit	TARGET CORPORATION	$0	–	-6,228	–	-0.13%	–
IWS	Exit	ISHARES RUSSELL VALUE MIDCAP Vetf	$0	–	-5,700	–	-0.14%	–
	Exit	1/100 BERKSHIRE HTWY CLA 100 S	$0	–	-200	–	-0.14%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-4,645	–	-0.14%	–
HD	Exit	HOME DEPOT INC	$0	–	-5,137	–	-0.16%	–
IYH	Exit	ISHARES TR DJ US HEALTHCRetf	$0	–	-3,800	–	-0.18%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-18,130	–	-0.18%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-13,555	–	-0.19%	–
KO	Exit	COCA COLA CO	$0	–	-13,650	–	-0.20%	–
HUBB	Exit	HUBBELL INC CLASS B	$0	–	-5,089	–	-0.21%	–
INTC	Exit	INTEL CORP	$0	–	-17,710	–	-0.21%	–
CAT	Exit	CATERPILLAR INC	$0	–	-6,465	–	-0.22%	–
MRK	Exit	MERCK AND CO INC	$0	–	-10,919	–	-0.22%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-12,650	–	-0.22%	–
AET	Exit	AETNA INC NEW	$0	–	-8,000	–	-0.22%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-14,708	–	-0.23%	–
MOO	Exit	MARKET VECTORS AGRIBUSINESS ETetf	$0	–	-13,290	–	-0.24%	–
PPG	Exit	P P G INDUSTRIES INC	$0	–	-4,000	–	-0.27%	–
ABBV	Exit	ABBVIE INC	$0	–	-13,640	–	-0.27%	–
OIH	Exit	MARKET VECTORS OIL SERVICE ETFetf	$0	–	-16,250	–	-0.28%	–
MTB	Exit	M AND T BANK CORP	$0	–	-6,550	–	-0.28%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-6,897	–	-0.28%	–
SDY	Exit	SPDR S&P DIVIDEND ETFetf	$0	–	-11,033	–	-0.28%	–
MS	Exit	MORGAN STANLEY	$0	–	-23,959	–	-0.28%	–
RIG	Exit	TRANSOCEAN INC NEW F	$0	–	-27,210	–	-0.30%	–
VGT	Exit	VANGUARD INFO TECHNOLOGYetf	$0	–	-8,811	–	-0.30%	–
XHB	Exit	SPDR S&P HOMEBUILDERS ETFetf	$0	–	-30,900	–	-0.31%	–
ABEV	Exit	AMBEV S.A. AMERICAN DEPOSITARY	$0	–	-140,750	–	-0.32%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-16,490	–	-0.32%	–
EEM	Exit	ISHARES MSCI EMERGING MARKET Ietf	$0	–	-24,970	–	-0.36%	–
PAYX	Exit	PAYCHEX INC	$0	–	-24,675	–	-0.38%	–
VO	Exit	VANGUARD INDEX FDS MID CAP ETFetf	$0	–	-9,650	–	-0.39%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL IN	$0	–	-14,078	–	-0.40%	–
RDSA	Exit	ROYAL DUTCH PLC ADR	$0	–	-15,470	–	-0.40%	–
STT	Exit	STATE STREET CORP	$0	–	-16,254	–	-0.41%	–
MMM	Exit	3M CO	$0	–	-9,072	–	-0.44%	–
BIDU	Exit	BAIDU INC ADR F SPONSORED ADR	$0	–	-6,175	–	-0.46%	–
VB	Exit	VANGUARD SMALL-CAP ETFetf	$0	–	-12,198	–	-0.46%	–
DGS	Exit	WISDOMTREE TRUST EMERGING SMALetf	$0	–	-31,800	–	-0.50%	–
COH	Exit	COACH INC	$0	–	-42,570	–	-0.52%	–
WFM	Exit	WHOLE FOODS MARKET INC	$0	–	-43,350	–	-0.57%	–
PIR	Exit	PIER 1 IMPORTS INC.	$0	–	-143,025	–	-0.58%	–
DISCK	Exit	DISCOVERY COMMUNICATIONS INC S	$0	–	-49,179	–	-0.63%	–
FTNT	Exit	FORTINET INC	$0	–	-73,310	–	-0.64%	–
DISCA	Exit	DISCOVERY COMMUN SER A SERIES	$0	–	-49,179	–	-0.64%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-17,928	–	-0.73%	–
VIS	Exit	VANGUARD INDUSTRIALSetf	$0	–	-21,225	–	-0.74%	–
XLE	Exit	ENERGY SELECT SECTOR ETFetf	$0	–	-24,550	–	-0.76%	–
EFA	Exit	ISHARES TR MSCI EAFE FD MSCI Eetf	$0	–	-35,356	–	-0.78%	–
WEN	Exit	THE WENDY'S CO.	$0	–	-285,226	–	-0.81%	–
QIHU	Exit	QIHOO 360 TECHNOLOGY CO ADR	$0	–	-36,623	–	-0.85%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-34,204	–	-0.89%	–
WFC	Exit	WELLS FARGO AND CO NEW	$0	–	-52,475	–	-0.94%	–
XLY	Exit	SECTOR SPDR CONSUMER FD SHARESetf	$0	–	-41,066	–	-0.94%	–
XLI	Exit	SECTOR SPDR INDL SELECT SHARESetf	$0	–	-52,825	–	-0.96%	–
SYNA	Exit	SYNAPTICS INCORPORATED	$0	–	-42,013	–	-1.06%	–
CVS	Exit	CVS CAREMARK CORP	$0	–	-39,473	–	-1.08%	–
DSW	Exit	DSW INC CL A	$0	–	-104,929	–	-1.08%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-186,135	–	-1.09%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRUSTetf	$0	–	-12,771	–	-1.09%	–
CSX	Exit	CSX CORP	$0	–	-103,700	–	-1.14%	–
IBM	Exit	IBM CORP	$0	–	-17,568	–	-1.15%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-41,317	–	-1.22%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CL B	$0	–	-25,684	–	-1.22%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-104,389	–	-1.23%	–
GOOG	Exit	GOOGLE INC CLASS C	$0	–	-6,376	–	-1.26%	–
CPA	Exit	COPA HOLDINGS SA CL A	$0	–	-34,391	–	-1.27%	–
ZTS	Exit	ZOETIS INC.	$0	–	-100,635	–	-1.28%	–
GOOGL	Exit	GOOGLE INC CLASS A	$0	–	-6,381	–	-1.29%	–
JNJ	Exit	JOHNSON AND JOHNSON CO	$0	–	-35,661	–	-1.31%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-43,050	–	-1.32%	–
CNC	Exit	CENTENE CORP	$0	–	-47,863	–	-1.36%	–
ECON	Exit	EGSHARES EMERGING MARKETS CONSetf	$0	–	-154,208	–	-1.39%	–
VNTV	Exit	VANTIV INC	$0	–	-131,210	–	-1.39%	–
HAL	Exit	HALLIBURTON CO	$0	–	-66,160	–	-1.47%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-53,311	–	-1.53%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-118,721	–	-1.56%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-53,726	–	-1.59%	–
JLL	Exit	JONES LANG LASALLE INC	$0	–	-37,832	–	-1.64%	–
PF	Exit	PINNACLE FOODS INC	$0	–	-146,565	–	-1.64%	–
QQQ	Exit	POWERSHARES QQQ TRUST UNIT SERetf	$0	–	-50,227	–	-1.70%	–
DOV	Exit	DOVER CORP	$0	–	-62,752	–	-1.73%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTD	$0	–	-73,433	–	-1.75%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKETSetf	$0	–	-124,515	–	-1.78%	–
PVH	Exit	PVH CORP	$0	–	-44,709	–	-1.86%	–
AJG	Exit	GALLAGHER ARTHUR J AND CO	$0	–	-137,412	–	-2.14%	–
PRAA	Exit	PORTFOLIO RECOVERY ASSOCIATES	$0	–	-122,705	–	-2.20%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-129,204	–	-2.22%	–
ACN	Exit	ACCENTURE PLC	$0	–	-89,326	–	-2.50%	–
GLW	Exit	CORNING INC	$0	–	-384,724	–	-2.56%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-73,204	–	-2.56%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-83,309	–	-2.69%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO	$0	–	-121,264	–	-2.94%	–
QCOM	Exit	QUALCOMM INC	$0	–	-138,567	–	-3.56%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-65,781	–	-4.45%	–
AAPL	Exit	APPLE INC	$0	–	-158,270	–	-5.48%	–

Q3 2014

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$15,946,000	+4.7%	158,270	-3.4%	5.48%	+10.8%
SPY	Buy	SPDR S&P 500 ETF TRUSTetf	$12,960,000	+3.7%	65,781	+3.0%	4.45%	+9.7%
QCOM	Sell	QUALCOMM INC	$10,361,000	-6.6%	138,567	-1.1%	3.56%	-1.2%
ESRX	Sell	EXPRESS SCRIPTS HOLDING CO	$8,565,000	+1.3%	121,264	-0.5%	2.94%	+7.3%
XOM	Sell	EXXON MOBIL CORP	$7,835,000	-8.0%	83,309	-1.5%	2.69%	-2.6%
SLB	Sell	SCHLUMBERGER LTD	$7,444,000	-14.2%	73,204	-0.4%	2.56%	-9.2%
GLW	Buy	CORNING INC	$7,440,000	-10.9%	384,724	+1.1%	2.56%	-5.8%
ACN	Sell	ACCENTURE PLC	$7,264,000	-25.7%	89,326	-26.1%	2.50%	-21.4%
VZ	Buy	VERIZON COMMUNICATIONS	$6,458,000	+3.6%	129,204	+1.4%	2.22%	+9.6%
PRAA	Sell	PORTFOLIO RECOVERY ASSOCIATES	$6,410,000	-12.3%	122,705	-0.1%	2.20%	-7.2%
AJG	Sell	GALLAGHER ARTHUR J AND CO	$6,233,000	-2.9%	137,412	-0.3%	2.14%	+2.8%
PVH	Sell	PVH CORP	$5,417,000	-7.4%	44,709	-10.9%	1.86%	-2.1%
VWO	Buy	VANGUARD FTSE EMERGING MARKETSetf	$5,194,000	-1.2%	124,515	+2.2%	1.78%	+4.6%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTD	$5,085,000	+2.9%	73,433	-0.4%	1.75%	+8.8%
DOV	Sell	DOVER CORP	$5,041,000	-12.8%	62,752	-1.3%	1.73%	-7.7%
QQQ	Sell	POWERSHARES QQQ TRUST UNIT SERetf	$4,962,000	+4.0%	50,227	-1.2%	1.70%	+10.0%
PF	Sell	PINNACLE FOODS INC	$4,786,000	-1.5%	146,565	-0.7%	1.64%	+4.2%
JLL	Sell	JONES LANG LASALLE INC	$4,779,000	-0.8%	37,832	-0.8%	1.64%	+4.9%
UNH	Sell	UNITEDHEALTH GROUP INC	$4,634,000	+5.0%	53,726	-0.5%	1.59%	+11.1%
KMI	Buy	KINDER MORGAN INC	$4,552,000	+6.5%	118,721	+0.7%	1.56%	+12.7%
PG	Sell	PROCTER AND GAMBLE CO	$4,464,000	+6.0%	53,311	-0.6%	1.53%	+12.1%
HAL	Sell	HALLIBURTON CO	$4,268,000	-9.4%	66,160	-0.3%	1.47%	-4.2%
VNTV	Buy	VANTIV INC	$4,054,000	+28.1%	131,210	+39.4%	1.39%	+35.5%
ECON	Buy	EGSHARES EMERGING MARKETS CONSetf	$4,045,000	+0.6%	154,208	+6.4%	1.39%	+6.5%
CNC	Sell	CENTENE CORP	$3,959,000	+8.6%	47,863	-0.7%	1.36%	+14.9%
NKE	Buy	NIKE INC CLASS B	$3,840,000	+15.5%	43,050	+0.4%	1.32%	+22.1%
JNJ	Sell	JOHNSON AND JOHNSON CO	$3,801,000	+0.2%	35,661	-1.7%	1.31%	+6.0%
GOOGL	Sell	GOOGLE INC CLASS A	$3,754,000	-0.4%	6,381	-1.0%	1.29%	+5.4%
ZTS	Sell	ZOETIS INC.	$3,719,000	+13.8%	100,635	-0.6%	1.28%	+20.5%
CPA	Sell	COPA HOLDINGS SA CL A	$3,690,000	-25.0%	34,391	-0.3%	1.27%	-20.6%
GOOG	Sell	GOOGLE INC CLASS C	$3,681,000	-0.7%	6,376	-1.1%	1.26%	+5.1%
MDLZ	Sell	MONDELEZ INTERNATIONAL INC	$3,577,000	-10.1%	104,389	-1.4%	1.23%	-4.9%
PNC	Buy	PNC FINL SVCS GROUP INC	$3,537,000	-3.8%	41,317	+0.0%	1.22%	+1.8%
CSX	Sell	CSX CORP	$3,325,000	+1.5%	103,700	-2.5%	1.14%	+7.3%
MDY	Sell	SPDR S&P MIDCAP 400 ETF TRUSTetf	$3,184,000	-5.6%	12,771	-1.4%	1.09%	-0.2%
BAC	Sell	BANK OF AMERICA CORP	$3,173,000	+10.4%	186,135	-0.4%	1.09%	+16.8%
DSW	Sell	DSW INC CL A	$3,159,000	+6.8%	104,929	-0.9%	1.08%	+13.0%
CVS	Sell	CVS CAREMARK CORP	$3,141,000	+4.3%	39,473	-1.3%	1.08%	+10.3%
SYNA	New	SYNAPTICS INCORPORATED	$3,075,000	–	42,013	–	1.06%	–
XLI	Buy	SECTOR SPDR INDL SELECT SHARESetf	$2,807,000	-0.1%	52,825	+1.6%	0.96%	+5.6%
XLY	Buy	SECTOR SPDR CONSUMER FD SHARESetf	$2,739,000	+1.0%	41,066	+1.1%	0.94%	+6.9%
WFC	Sell	WELLS FARGO AND CO NEW	$2,722,000	-3.3%	52,475	-2.1%	0.94%	+2.3%
DHR	Sell	DANAHER CORP DEL	$2,599,000	-39.6%	34,204	-37.4%	0.89%	-36.1%
QIHU	New	QIHOO 360 TECHNOLOGY CO ADR	$2,470,000	–	36,623	–	0.85%	–
WEN	Buy	THE WENDY'S CO.	$2,356,000	-3.1%	285,226	+0.1%	0.81%	+2.5%
EFA	Buy	ISHARES TR MSCI EAFE FD MSCI Eetf	$2,267,000	+8.3%	35,356	+15.5%	0.78%	+14.6%
XLE	Sell	ENERGY SELECT SECTOR ETFetf	$2,225,000	-15.7%	24,550	-6.9%	0.76%	-10.9%
VIS	Buy	VANGUARD INDUSTRIALSetf	$2,153,000	-1.8%	21,225	+1.0%	0.74%	+3.9%
FFIV	Sell	F5 NETWORKS INC	$2,129,000	+4.7%	17,928	-1.8%	0.73%	+10.8%
DISCA	Sell	DISCOVERY COMMUN SER A SERIES	$1,858,000	-56.4%	49,179	-14.3%	0.64%	-53.9%
FTNT	Sell	FORTINET INC	$1,852,000	-0.1%	73,310	-0.6%	0.64%	+5.6%
DISCK	New	DISCOVERY COMMUNICATIONS INC S	$1,833,000	–	49,179	–	0.63%	–
PIR	Sell	PIER 1 IMPORTS INC.	$1,701,000	-23.4%	143,025	-0.7%	0.58%	-19.0%
WFM	Buy	WHOLE FOODS MARKET INC	$1,652,000	+0.1%	43,350	+1.4%	0.57%	+6.0%
COH	Sell	COACH INC	$1,516,000	+3.3%	42,570	-0.8%	0.52%	+9.5%
DGS	Buy	WISDOMTREE TRUST EMERGING SMALetf	$1,470,000	+0.3%	31,800	+4.1%	0.50%	+6.1%
VB	Buy	VANGUARD SMALL-CAP ETFetf	$1,350,000	-5.3%	12,198	+0.2%	0.46%	+0.2%
BIDU	Sell	BAIDU INC ADR F SPONSORED ADR	$1,347,000	+12.2%	6,175	-3.9%	0.46%	+18.7%
STT	Sell	STATE STREET CORP	$1,197,000	+9.0%	16,254	-0.5%	0.41%	+15.1%
VO	Sell	VANGUARD INDEX FDS MID CAP ETFetf	$1,132,000	-2.7%	9,650	-1.5%	0.39%	+2.9%
PAYX	Buy	PAYCHEX INC	$1,091,000	+8.1%	24,675	+1.6%	0.38%	+14.3%
EEM	Sell	ISHARES MSCI EMERGING MARKET Ietf	$1,038,000	-6.1%	24,970	-2.3%	0.36%	-0.6%
KRFT	Sell	KRAFT FOODS GROUP INC	$930,000	-7.1%	16,490	-1.2%	0.32%	-1.5%
ABEV	Sell	AMBEV S.A. AMERICAN DEPOSITARY	$922,000	-11.0%	140,750	-4.3%	0.32%	-5.7%
XHB	Sell	SPDR S&P HOMEBUILDERS ETFetf	$914,000	-12.7%	30,900	-3.4%	0.31%	-7.6%
VGT	Sell	VANGUARD INFO TECHNOLOGYetf	$882,000	-1.2%	8,811	-4.4%	0.30%	+4.5%
RIG	Sell	TRANSOCEAN INC NEW F	$870,000	-31.0%	27,210	-2.9%	0.30%	-26.9%
SDY	Sell	SPDR S&P DIVIDEND ETFetf	$827,000	-7.2%	11,033	-5.3%	0.28%	-1.7%
CVX	Sell	CHEVRON CORPORATION	$823,000	-9.3%	6,897	-0.7%	0.28%	-4.1%
OIH	New	MARKET VECTORS OIL SERVICE ETFetf	$806,000	–	16,250	–	0.28%	–
ABBV	Sell	ABBVIE INC	$788,000	+0.9%	13,640	-1.4%	0.27%	+6.7%
MOO	Sell	MARKET VECTORS AGRIBUSINESS ETetf	$703,000	-59.6%	13,290	-57.9%	0.24%	-57.1%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$647,000	-7.0%	12,650	-11.8%	0.22%	-1.8%
ABT	Sell	ABBOTT LABORATORIES	$563,000	0.0%	13,555	-1.5%	0.19%	+5.5%
PFE	Sell	PFIZER INCORPORATED	$536,000	-17.0%	18,130	-16.7%	0.18%	-12.4%
TWTR	Buy	TWITTER INC.	$336,000	+28.2%	6,507	+1.7%	0.12%	+35.3%
VCR	Sell	VANGUARD CNSMR DSCRTNARYetf	$320,000	-15.1%	2,950	-14.5%	0.11%	-9.8%
CL	Sell	COLGATE PALMOLIVE CO	$308,000	-4.9%	4,725	-0.5%	0.11%	+1.0%
AME	Sell	AMETEK INC NEW	$301,000	-8.0%	6,000	-4.0%	0.10%	-2.8%
PEG	Sell	PUB SVC ENT GROUP INC	$276,000	-10.7%	7,400	-2.3%	0.10%	-5.0%
GE	Buy	GENERAL ELECTRIC CO	$256,000	+21.3%	10,002	+25.0%	0.09%	+27.5%
EBAY	Sell	EBAY INC	$244,000	+3.0%	4,300	-9.2%	0.08%	+9.1%
DWX	Sell	SPDR S & P INTL DIVIDENDetf	$238,000	-16.2%	5,129	-7.7%	0.08%	-10.9%
KRE	Sell	SPDR S&P REGIONAL BKINGetf	$237,000	-9.5%	6,250	-3.8%	0.08%	-4.7%
CELG	New	CELGENE CORP	$230,000	–	2,425	–	0.08%	–
IWF	Sell	ISHARES TR RUSSELL 1000 GROWTHetf	$201,000	-0.5%	2,191	-1.1%	0.07%	+4.5%
F113PS	Exit	COVIDIEN PLC	$0	–	-2,235	–	-0.06%	–
WAG	Exit	WALGREEN COMPANY	$0	–	-3,000	–	-0.07%	–
EDIV	Exit	SPDR S&P EMERGING MKTS EMERGINetf	$0	–	-5,858	–	-0.08%	–
CALL	Exit	MAGICJACK VOCALTEC LTD F	$0	–	-20,000	–	-0.10%	–
MCD	Exit	MCDONALDS CORP	$0	–	-4,290	–	-0.14%	–
KN	Exit	KNOWLES CORP	$0	–	-29,153	–	-0.29%	–
UAL	Exit	UNITED CONTL HLDGS INC	$0	–	-70,265	–	-0.94%	–
EMC	Exit	EMC CORP	$0	–	-153,205	–	-1.31%	–
HOT	Exit	STARWOOD HOTELS AND RESORTS	$0	–	-52,683	–	-1.38%	–

Q2 2014

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$15,223,000	–	163,815	–	4.94%	–
SPY	New	SPDR S&P 500 ETF TRUSTetf	$12,501,000	–	63,871	–	4.06%	–
QCOM	New	QUALCOMM INC	$11,092,000	–	140,047	–	3.60%	–
ACN	New	ACCENTURE PLC	$9,777,000	–	120,945	–	3.18%	–
SLB	New	SCHLUMBERGER LTD	$8,673,000	–	73,534	–	2.82%	–
XOM	New	EXXON MOBIL CORP	$8,512,000	–	84,535	–	2.76%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$8,451,000	–	121,890	–	2.74%	–
GLW	New	CORNING INC	$8,353,000	–	380,534	–	2.71%	–
PRAA	New	PORTFOLIO RECOVERY ASSOCIATES	$7,312,000	–	122,820	–	2.37%	–
AJG	New	GALLAGHER ARTHUR J AND CO	$6,419,000	–	137,762	–	2.08%	–
VZ	New	VERIZON COMMUNICATIONS	$6,233,000	–	127,386	–	2.02%	–
PVH	New	PVH CORP	$5,851,000	–	50,180	–	1.90%	–
DOV	New	DOVER CORP	$5,781,000	–	63,568	–	1.88%	–
VWO	New	VANGUARD FTSE EMERGING MARKETSetf	$5,256,000	–	121,880	–	1.71%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTD	$4,943,000	–	73,733	–	1.60%	–
CPA	New	COPA HOLDINGS SA CL A	$4,917,000	–	34,482	–	1.60%	–
PF	New	PINNACLE FOODS INC	$4,858,000	–	147,665	–	1.58%	–
JLL	New	JONES LANG LASALLE INC	$4,819,000	–	38,132	–	1.56%	–
QQQ	New	POWERSHARES QQQ TRUST UNIT SERetf	$4,773,000	–	50,827	–	1.55%	–
HAL	New	HALLIBURTON CO	$4,712,000	–	66,360	–	1.53%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,414,000	–	53,992	–	1.43%	–
DHR	New	DANAHER CORP DEL	$4,304,000	–	54,660	–	1.40%	–
KMI	New	KINDER MORGAN INC	$4,276,000	–	117,921	–	1.39%	–
DISCA	New	DISCOVERY COMMUN SER A SERIES	$4,264,000	–	57,412	–	1.38%	–
HOT	New	STARWOOD HOTELS AND RESORTS	$4,257,000	–	52,683	–	1.38%	–
PG	New	PROCTER AND GAMBLE CO	$4,213,000	–	53,611	–	1.37%	–
EMC	New	EMC CORP	$4,036,000	–	153,205	–	1.31%	–
ECON	New	EGSHARES EMERGING MARKETS CONSetf	$4,019,000	–	144,913	–	1.30%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$3,980,000	–	105,839	–	1.29%	–
JNJ	New	JOHNSON AND JOHNSON CO	$3,794,000	–	36,261	–	1.23%	–
GOOGL	New	GOOGLE INC CLASS A	$3,769,000	–	6,447	–	1.22%	–
GOOG	New	GOOGLE INC CLASS C	$3,708,000	–	6,447	–	1.20%	–
PNC	New	PNC FINL SVCS GROUP INC	$3,677,000	–	41,302	–	1.19%	–
CNC	New	CENTENE CORP	$3,646,000	–	48,213	–	1.18%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRUSTetf	$3,374,000	–	12,949	–	1.10%	–
NKE	New	NIKE INC CLASS B	$3,325,000	–	42,870	–	1.08%	–
CSX	New	CSX CORP	$3,276,000	–	106,350	–	1.06%	–
ZTS	New	ZOETIS INC.	$3,268,000	–	101,260	–	1.06%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B	$3,251,000	–	25,684	–	1.06%	–
IBM	New	IBM CORP	$3,185,000	–	17,568	–	1.03%	–
VNTV	New	VANTIV INC	$3,165,000	–	94,135	–	1.03%	–
CVS	New	CVS CAREMARK CORP	$3,012,000	–	39,973	–	0.98%	–
DSW	New	DSW INC CL A	$2,958,000	–	105,844	–	0.96%	–
UAL	New	UNITED CONTL HLDGS INC	$2,886,000	–	70,265	–	0.94%	–
BAC	New	BANK OF AMERICA CORP	$2,873,000	–	186,935	–	0.93%	–
WFC	New	WELLS FARGO AND CO NEW	$2,816,000	–	53,575	–	0.91%	–
XLI	New	SECTOR SPDR INDL SELECT SHARESetf	$2,811,000	–	52,000	–	0.91%	–
XLY	New	SECTOR SPDR CONSUMER FD SHARESetf	$2,711,000	–	40,616	–	0.88%	–
XLE	New	ENERGY SELECT SECTOR ETFetf	$2,640,000	–	26,375	–	0.86%	–
WEN	New	THE WENDY'S CO.	$2,431,000	–	284,950	–	0.79%	–
PIR	New	PIER 1 IMPORTS INC.	$2,220,000	–	144,060	–	0.72%	–
VIS	New	VANGUARD INDUSTRIALSetf	$2,192,000	–	21,025	–	0.71%	–
EFA	New	ISHARES TR MSCI EAFE FD MSCI Eetf	$2,093,000	–	30,611	–	0.68%	–
FFIV	New	F5 NETWORKS INC	$2,034,000	–	18,248	–	0.66%	–
FTNT	New	FORTINET INC	$1,854,000	–	73,760	–	0.60%	–
MOO	New	MARKET VECTORS AGRIBUSINESS ETetf	$1,738,000	–	31,598	–	0.56%	–
WFM	New	WHOLE FOODS MARKET INC	$1,651,000	–	42,745	–	0.54%	–
DGS	New	WISDOMTREE TRUST EMERGING SMALetf	$1,466,000	–	30,550	–	0.48%	–
COH	New	COACH INC	$1,467,000	–	42,905	–	0.48%	–
VB	New	VANGUARD SMALL-CAP ETFetf	$1,426,000	–	12,176	–	0.46%	–
MMM	New	3M CO	$1,299,000	–	9,072	–	0.42%	–
RDSA	New	ROYAL DUTCH PLC ADR	$1,274,000	–	15,470	–	0.41%	–
RIG	New	TRANSOCEAN INC NEW F	$1,261,000	–	28,010	–	0.41%	–
BIDU	New	BAIDU INC ADR F SPONSORED ADR	$1,200,000	–	6,425	–	0.39%	–
PM	New	PHILIP MORRIS INTERNATIONAL IN	$1,187,000	–	14,078	–	0.38%	–
VO	New	VANGUARD INDEX FDS MID CAP ETFetf	$1,163,000	–	9,800	–	0.38%	–
EEM	New	ISHARES MSCI EMERGING MARKET Ietf	$1,105,000	–	25,570	–	0.36%	–
STT	New	STATE STREET CORP	$1,098,000	–	16,329	–	0.36%	–
XHB	New	SPDR S&P HOMEBUILDERS ETFetf	$1,047,000	–	31,975	–	0.34%	–
ABEV	New	AMBEV S.A. AMERICAN DEPOSITARY	$1,036,000	–	147,125	–	0.34%	–
PAYX	New	PAYCHEX INC	$1,009,000	–	24,275	–	0.33%	–
KRFT	New	KRAFT FOODS GROUP INC	$1,001,000	–	16,690	–	0.32%	–
CVX	New	CHEVRON CORPORATION	$907,000	–	6,945	–	0.30%	–
KN	New	KNOWLES CORP	$896,000	–	29,153	–	0.29%	–
VGT	New	VANGUARD INFO TECHNOLOGYetf	$893,000	–	9,221	–	0.29%	–
SDY	New	SPDR S&P DIVIDEND ETFetf	$891,000	–	11,648	–	0.29%	–
PPG	New	P P G INDUSTRIES INC	$841,000	–	4,000	–	0.27%	–
MTB	New	M AND T BANK CORP	$813,000	–	6,550	–	0.26%	–
ABBV	New	ABBVIE INC	$781,000	–	13,840	–	0.25%	–
MS	New	MORGAN STANLEY	$775,000	–	23,959	–	0.25%	–
CAT	New	CATERPILLAR INC	$703,000	–	6,465	–	0.23%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$696,000	–	14,350	–	0.23%	–
AET	New	AETNA INC NEW	$649,000	–	8,000	–	0.21%	–
PFE	New	PFIZER INCORPORATED	$646,000	–	21,755	–	0.21%	–
MRK	New	MERCK AND CO INC	$632,000	–	10,919	–	0.20%	–
HUBB	New	HUBBELL INC CLASS B	$627,000	–	5,089	–	0.20%	–
MO	New	ALTRIA GROUP INC	$616,000	–	14,708	–	0.20%	–
KO	New	COCA COLA CO	$578,000	–	13,650	–	0.19%	–
ABT	New	ABBOTT LABORATORIES	$563,000	–	13,755	–	0.18%	–
INTC	New	INTEL CORP	$547,000	–	17,710	–	0.18%	–
IYH	New	ISHARES TR DJ US HEALTHCRetf	$487,000	–	3,800	–	0.16%	–
MCD	New	MCDONALDS CORP	$433,000	–	4,290	–	0.14%	–
HD	New	HOME DEPOT INC	$415,000	–	5,137	–	0.14%	–
IWS	New	ISHARES RUSSELL VALUE MIDCAP Vetf	$414,000	–	5,700	–	0.13%	–
AXP	New	AMERICAN EXPRESS COMPANY	$404,000	–	4,250	–	0.13%	–
DIS	New	WALT DISNEY COMPANY	$398,000	–	4,645	–	0.13%	–
	New	1/100 BERKSHIRE HTWY CLA 100 S	$380,000	–	200	–	0.12%	–
VCR	New	VANGUARD CNSMR DSCRTNARYetf	$377,000	–	3,450	–	0.12%	–
EMR	New	EMERSON ELECTRIC CO.	$372,000	–	5,600	–	0.12%	–
TGT	New	TARGET CORPORATION	$361,000	–	6,228	–	0.12%	–
PEP	New	PEPSICO INCORPORATED	$346,000	–	3,875	–	0.11%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$336,000	–	5,416	–	0.11%	–
AME	New	AMETEK INC NEW	$327,000	–	6,250	–	0.11%	–
CL	New	COLGATE PALMOLIVE CO	$324,000	–	4,750	–	0.10%	–
MJN	New	MEAD JOHNSON NUTRITION CO-A	$324,000	–	3,480	–	0.10%	–
LH	New	LABORATORY CORP AMER HLDGS COM	$320,000	–	3,125	–	0.10%	–
PEG	New	PUB SVC ENT GROUP INC	$309,000	–	7,578	–	0.10%	–
CALL	New	MAGICJACK VOCALTEC LTD F	$302,000	–	20,000	–	0.10%	–
DWX	New	SPDR S & P INTL DIVIDENDetf	$284,000	–	5,554	–	0.09%	–
KRE	New	SPDR S&P REGIONAL BKINGetf	$262,000	–	6,500	–	0.08%	–
TWTR	New	TWITTER INC.	$262,000	–	6,398	–	0.08%	–
XLB	New	MATERIALS SELECT SECTOR SPDR Fetf	$248,000	–	5,000	–	0.08%	–
AVY	New	AVERY DENNISON CORP	$246,000	–	4,800	–	0.08%	–
OEF	New	ISHARES TR S&P 100 ETF S & P 1etf	$238,000	–	2,750	–	0.08%	–
EBAY	New	EBAY INC	$237,000	–	4,735	–	0.08%	–
BPL	New	BUCKEYE PARTNERS UTS L P UNIT	$233,000	–	2,800	–	0.08%	–
EDIV	New	SPDR S&P EMERGING MKTS EMERGINetf	$235,000	–	5,858	–	0.08%	–
WAG	New	WALGREEN COMPANY	$222,000	–	3,000	–	0.07%	–
GE	New	GENERAL ELECTRIC CO	$211,000	–	8,002	–	0.07%	–
JPM	New	J P MORGAN CHASE AND CO	$213,000	–	3,700	–	0.07%	–
IBB	New	ISHARES TR NASDQ BIO INDXetf	$209,000	–	814	–	0.07%	–
IWF	New	ISHARES TR RUSSELL 1000 GROWTHetf	$202,000	–	2,216	–	0.07%	–
F113PS	New	COVIDIEN PLC	$201,000	–	2,235	–	0.06%	–
WU	New	WESTERN UNION COMPANY	$173,000	–	10,000	–	0.06%	–
GFIHQ	New	GRAHAM-FIELD HEALTH PRODS INC	$0	–	10,500	–	0.00%	–
OREO	New	AMERICAN LIBERTY PETRO	$0	–	20,000	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
OREO	Exit	AMERICAN LIBERTY PETRO	$0	–	-20,000	–	0.00%	–
GSDC	Exit	GOLDSANDS DEVELOPMENT CO	$0	–	-40,000	–	0.00%	–
GFIHQ	Exit	GRAHAM-FIELD HEALTH PRODS INC	$0	–	-10,500	–	0.00%	–
	Exit	BNY MELLON EMERGING MARKETS FUmf	$0	–	-16,406	–	-0.06%	–
	Exit	VANGUARD TOTAL INTL STK INDEXmf	$0	–	-10,000	–	-0.06%	–
	Exit	DREYFUS PREMIER INTL FDS INC Gmf	$0	–	-20,901	–	-0.07%	–
WU	Exit	WESTERN UNION COMPANY	$0	–	-10,000	–	-0.07%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-4,016	–	-0.08%	–
OEF	Exit	ISHARES TR S&P 100 ETF S&P1etf	$0	–	-2,750	–	-0.08%	–
XLB	Exit	MATERIALS SELECT SECTOR SPDR Fetf	$0	–	-5,000	–	-0.08%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-4,800	–	-0.08%	–
WAG	Exit	WALGREEN COMPANY	$0	–	-3,990	–	-0.08%	–
	Exit	DREYFUS SELECT MANAGERS SMALLmf	$0	–	-9,291	–	-0.08%	–
XHB	Exit	SPDR S&P HOMEBUILDERS ETFetf	$0	–	-7,450	–	-0.09%	–
EDIV	Exit	SPDR S&P EMERGING MKTS EMERGINetf	$0	–	-5,785	–	-0.09%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-3,220	–	-0.09%	–
FCX	Exit	FREEPORT-MCMORAN COPPER	$0	–	-7,273	–	-0.09%	–
PEG	Exit	PUB SVC ENT GROUP INC	$0	–	-7,578	–	-0.09%	–
DWX	Exit	SPDR S&P INTL DIVIDENDetf	$0	–	-5,451	–	-0.10%	–
CALL	Exit	MAGICJACK VOCALTEC LTD F	$0	–	-20,000	–	-0.10%	–
MJN	Exit	MEAD JOHNSON NUTRITION CO-A	$0	–	-3,582	–	-0.10%	–
EBAY	Exit	EBAY INC	$0	–	-4,801	–	-0.10%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-4,784	–	-0.11%	–
	Exit	AMERICAN CENTURY SMALL CAP GWTmf	$0	–	-24,066	–	-0.11%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-4,605	–	-0.11%	–
	Exit	DODGE & COX STOCK FUNDmf	$0	–	-1,991	–	-0.11%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-3,875	–	-0.12%	–
AME	Exit	AMETEK INC NEW	$0	–	-6,750	–	-0.12%	–
AXP	Exit	AMERICAN EXPRESS COMPANY	$0	–	-4,250	–	-0.12%	–
LH	Exit	LABORATORY CORP AMER HLDGS COM	$0	–	-3,325	–	-0.12%	–
	Exit	1/100 BERKSHIRE HTWY CLA 100 S	$0	–	-200	–	-0.13%	–
IWS	Exit	ISHARES RUSSELL VALUE MIDCAP Vetf	$0	–	-5,700	–	-0.13%	–
VCR	Exit	VANGUARD CNSMR DSCRTNARYetf	$0	–	-3,600	–	-0.13%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-5,600	–	-0.14%	–
	Exit	COLUMBIA ACORN INTL FD CL Zmf	$0	–	-7,933	–	-0.14%	–
HD	Exit	HOME DEPOT INC	$0	–	-5,337	–	-0.15%	–
IYH	Exit	ISHARES TR DJ US HEALTHCRetf	$0	–	-3,800	–	-0.15%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-17,750	–	-0.16%	–
INTC	Exit	INTEL CORP	$0	–	-18,660	–	-0.16%	–
TGT	Exit	TARGET CORPORATION	$0	–	-7,147	–	-0.17%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-13,840	–	-0.17%	–
AET	Exit	AETNA INC NEW	$0	–	-8,000	–	-0.19%	–
KO	Exit	COCA COLA CO	$0	–	-13,670	–	-0.19%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-15,078	–	-0.20%	–
MRK	Exit	MERCK AND CO INC	$0	–	-10,919	–	-0.20%	–
HUBB	Exit	HUBBELL INC CLASS B	$0	–	-5,089	–	-0.20%	–
ABBV	Exit	ABBVIE INC	$0	–	-13,840	–	-0.23%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-13,488	–	-0.24%	–
PPG	Exit	P P G INDUSTRIES INC	$0	–	-4,000	–	-0.25%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-23,380	–	-0.25%	–
MTB	Exit	M AND T BANK CORP	$0	–	-6,550	–	-0.28%	–
CAT	Exit	CATERPILLAR INC	$0	–	-8,915	–	-0.28%	–
	Exit	HARBOR INTERNATIONAL FUND INSTmf	$0	–	-11,071	–	-0.29%	–
SDY	Exit	SPDR S&P DIVIDEND ETFetf	$0	–	-11,973	–	-0.31%	–
CVX	Exit	CHEVRON CORP	$0	–	-6,986	–	-0.32%	–
VGT	Exit	VANGUARD INFO TECHNOLOGYetf	$0	–	-10,750	–	-0.33%	–
DGS	Exit	WISDOMTREE TRUST EMERGING SMALetf	$0	–	-18,625	–	-0.33%	–
PAYX	Exit	PAYCHEX INC	$0	–	-21,475	–	-0.33%	–
EEM	Exit	ISHARES MSCI EMERGING MARKET Ietf	$0	–	-22,820	–	-0.35%	–
FTNT	Exit	FORTINET INC	$0	–	-47,010	–	-0.36%	–
VO	Exit	VANGUARD INDEX FDS MID CAP ETFetf	$0	–	-9,750	–	-0.38%	–
RDSA	Exit	ROYAL DUTCH PLC ADR	$0	–	-15,570	–	-0.38%	–
RIG	Exit	TRANSOCEAN INC NEW F	$0	–	-23,465	–	-0.39%	–
BIDU	Exit	BAIDU IN ADR F SPONSORDED ADR	$0	–	-6,755	–	-0.39%	–
STT	Exit	STATE STREET CORP	$0	–	-16,376	–	-0.40%	–
EFA	Exit	ISHARES TR MSCI EAFE FD MSCI Eetf	$0	–	-16,940	–	-0.41%	–
MMM	Exit	3M CO	$0	–	-9,122	–	-0.41%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL INC	$0	–	-14,328	–	-0.47%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-37,426	–	-0.50%	–
VB	Exit	VANGUARD SMALL-CAP ETFetf	$0	–	-13,724	–	-0.53%	–
VIS	Exit	VANGUARD INDUSTRIALSetf	$0	–	-17,125	–	-0.58%	–
MOO	Exit	MARKET VECTORS AGRIBUSINESS ETetf	$0	–	-33,290	–	-0.64%	–
MS	Exit	MORGAN STANLEY	$0	–	-71,759	–	-0.73%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-23,428	–	-0.76%	–
DXJ	Exit	WISDOMTREE JPN HDGD EQTY JAPANetf	$0	–	-42,515	–	-0.77%	–
	Exit	FIDELITY ADVISOR BIOTECH FD CL Imf	$0	–	-108,908	–	-0.78%	–
WFC	Exit	WELLS FARGO AND CO NEW	$0	–	-52,685	–	-0.82%	–
CSX	Exit	CSX CORP	$0	–	-86,715	–	-0.84%	–
XLI	Exit	SECTOR SPDR INDL SELECT SHARESetf	$0	–	-48,100	–	-0.84%	–
CVS	Exit	CVS CAREMARK CORP	$0	–	-41,473	–	-0.88%	–
POT	Exit	POTASH CORP SASKATCHEWAN	$0	–	-82,151	–	-0.97%	–
XLY	Exit	SECTOR SPDR CONSUMER FD SHARESetf	$0	–	-44,900	–	-1.02%	–
XLE	Exit	ENERGY SELECT SECTOR ETFetf	$0	–	-35,125	–	-1.10%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CL B	$0	–	-25,679	–	-1.10%	–
DISCA	Exit	DISCOVERY COMMUN SER A SERIES	$0	–	-35,467	–	-1.12%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRUSTetf	$0	–	-13,622	–	-1.16%	–
CPA	Exit	COPA HOLDINGS SA CL A	$0	–	-22,356	–	-1.16%	–
HAL	Exit	HALLIBURTON CO HLDG CO	$0	–	-65,485	–	-1.18%	–
AJG	Exit	GALLAGHER ARTHUR J AND CO	$0	–	-74,417	–	-1.22%	–
JLL	Exit	JONES LANG LASALLE INC	$0	–	-37,957	–	-1.25%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-106,236	–	-1.26%	–
QQQ	Exit	POWERSHARES QQQ TRUST UNIT SERetf	$0	–	-42,850	–	-1.27%	–
JNJ	Exit	JOHNSON AND JOHNSON CO	$0	–	-39,100	–	-1.27%	–
HOT	Exit	STARWOOD HOTELS AND RESORTS	$0	–	-51,213	–	-1.28%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-65,326	–	-1.29%	–
IBM	Exit	IBM CORP	$0	–	-19,503	–	-1.36%	–
ECON	Exit	EGSHARES EMERGING MARKETS CONSetf	$0	–	-137,721	–	-1.39%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-54,850	–	-1.43%	–
PF	Exit	PINNACLE FOODS INC	$0	–	-146,845	–	-1.46%	–
DSW	Exit	DSW INC CL A	$0	–	-49,237	–	-1.58%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTD	$0	–	-74,823	–	-1.59%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-59,192	–	-1.59%	–
MCD	Exit	MCDONALDS CORP	$0	–	-46,362	–	-1.68%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-62,259	–	-1.77%	–
CNC	Exit	CENTENE CORP	$0	–	-78,353	–	-1.88%	–
F113PS	Exit	COVIDIEN PLC	$0	–	-82,755	–	-1.90%	–
ABV	Exit	COMPANHIA DE BEBIDAS SPONS ADR	$0	–	-133,505	–	-1.92%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKETSetf	$0	–	-134,947	–	-2.04%	–
GLW	Exit	CORNING INC	$0	–	-382,144	–	-2.10%	–
DOV	Exit	DOVER CORP	$0	–	-63,548	–	-2.14%	–
GOOGL	Exit	GOOGLE INC	$0	–	-6,547	–	-2.16%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-128,101	–	-2.25%	–
EMC	Exit	EMC CORP	$0	–	-240,460	–	-2.31%	–
COH	Exit	COACH INC	$0	–	-115,465	–	-2.37%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO	$0	–	-103,235	–	-2.40%	–
PVH	Exit	PVH CORP	$0	–	-61,395	–	-2.74%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-85,090	–	-2.83%	–
ACN	Exit	ACCENTURE PLC	$0	–	-124,173	–	-3.44%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-108,934	–	-3.52%	–
QCOM	Exit	QUALCOMM INC	$0	–	-140,704	–	-3.56%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTetf	$0	–	-57,459	–	-3.63%	–
AAPL	Exit	APPLE INC	$0	–	-23,520	–	-4.22%	–

Q3 2013

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$11,213,000	+19.4%	23,520	-0.7%	4.22%	+18.6%
SPY	Buy	SPDR S&P 500 ETF TRUSTetf	$9,654,000	+9.3%	57,459	+4.4%	3.63%	+8.6%
QCOM	Sell	QUALCOMM INC	$9,473,000	+8.5%	140,704	-1.5%	3.56%	+7.8%
XOM	Sell	EXXON MOBIL CORP	$9,373,000	-8.0%	108,934	-3.4%	3.52%	-8.6%
ACN	Buy	ACCENTURE PLC	$9,143,000	+6.8%	124,173	+4.4%	3.44%	+6.1%
SLB	Sell	SCHLUMBERGER LTD	$7,518,000	+21.9%	85,090	-1.1%	2.83%	+21.1%
PVH	Buy	PVH CORP	$7,287,000	-3.7%	61,395	+1.5%	2.74%	-4.3%
ESRX	Sell	EXPRESS SCRIPTS HOLDING CO	$6,380,000	-0.2%	103,235	-0.3%	2.40%	-0.8%
COH	Sell	COACH INC	$6,296,000	-4.8%	115,465	-0.4%	2.37%	-5.4%
EMC	Sell	EMC CORP	$6,146,000	+7.7%	240,460	-0.4%	2.31%	+7.0%
VZ	Sell	VERIZON COMMUNICATIONS	$5,979,000	-7.3%	128,101	-0.0%	2.25%	-7.9%
GOOGL	Sell	GOOGLE INC	$5,734,000	-0.5%	6,547	-0.0%	2.16%	-1.2%
DOV	Sell	DOVER CORP	$5,708,000	-15.0%	63,548	-26.5%	2.14%	-15.6%
GLW	Sell	CORNING INC	$5,575,000	-6.5%	382,144	-8.8%	2.10%	-7.1%
VWO	Sell	VANGUARD FTSE EMERGING MARKETSetf	$5,416,000	-27.4%	134,947	-29.8%	2.04%	-27.9%
ABV	Sell	COMPANHIA DE BEBIDAS SPONS ADR	$5,120,000	+2.0%	133,505	-0.7%	1.92%	+1.3%
F113PS	Buy	COVIDIEN PLC	$5,043,000	-2.3%	82,755	+0.8%	1.90%	-2.9%
CNC	Sell	CENTENE CORP	$5,011,000	+21.4%	78,353	-0.5%	1.88%	+20.6%
PG	Buy	PROCTER AND GAMBLE CO	$4,706,000	-1.7%	62,259	+0.2%	1.77%	-2.3%
MCD	Sell	MCDONALDS CORP	$4,460,000	-4.9%	46,362	-2.1%	1.68%	-5.5%
UNH	Buy	UNITEDHEALTH GROUP INC	$4,239,000	+9.9%	59,192	+0.5%	1.59%	+9.2%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTD	$4,232,000	+13.4%	74,823	-0.4%	1.59%	+12.8%
DSW	Sell	DSW INC CL A	$4,201,000	+15.8%	49,237	-0.3%	1.58%	+15.1%
PF	Buy	PINNACLE FOODS INC	$3,887,000	+29.6%	146,845	+18.2%	1.46%	+28.7%
DHR	Sell	DANAHER CORP DEL	$3,802,000	-23.2%	54,850	-29.8%	1.43%	-23.7%
ECON	Buy	EGSHARES EMERGING MARKETS CONSetf	$3,710,000	+5.7%	137,721	+1.3%	1.39%	+5.0%
IBM	Sell	IBM CORP	$3,611,000	-3.2%	19,503	-0.1%	1.36%	-3.9%
KRFT	Buy	KRAFT FOODS GROUP INC	$3,428,000	-5.1%	65,326	+1.0%	1.29%	-5.8%
HOT	Buy	STARWOOD HOTELS AND RESORTS	$3,403,000	+5.5%	51,213	+0.3%	1.28%	+4.8%
JNJ	Sell	JOHNSON AND JOHNSON CO	$3,390,000	-2.0%	39,100	-3.0%	1.27%	-2.7%
QQQ	Buy	POWERSHARES QQQ TRUST UNIT SERetf	$3,380,000	+10.9%	42,850	+0.2%	1.27%	+10.1%
MDLZ	Buy	MONDELEZ INTERNATIONAL INC	$3,338,000	+15.7%	106,236	+5.0%	1.26%	+14.9%
JLL	New	JONES LANG LASALLE INC	$3,314,000	–	37,957	–	1.25%	–
AJG	Buy	GALLAGHER ARTHUR J AND CO	$3,248,000	+2.9%	74,417	+3.0%	1.22%	+2.3%
HAL	Buy	HALLIBURTON CO HLDG CO	$3,153,000	+16.4%	65,485	+0.9%	1.18%	+15.7%
CPA	New	COPA HOLDINGS SA CL A	$3,100,000	–	22,356	–	1.16%	–
MDY	Sell	SPDR S&P MIDCAP 400 ETF TRUSTetf	$3,083,000	+6.2%	13,622	-1.4%	1.16%	+5.6%
DISCA	Sell	DISCOVERY COMMUN SER A SERIES	$2,994,000	-20.8%	35,467	-27.5%	1.12%	-21.3%
XLE	Sell	ENERGY SELECT SECTOR ETFetf	$2,912,000	-1.6%	35,125	-7.1%	1.10%	-2.2%
XLY	Sell	SECTOR SPDR CONSUMER FD SHARESetf	$2,722,000	+0.4%	44,900	-6.6%	1.02%	-0.2%
POT	Buy	POTASH CORP SASKATCHEWAN	$2,569,000	-17.7%	82,151	+0.4%	0.97%	-18.1%
CVS	Sell	CVS CAREMARK CORP	$2,354,000	-1.0%	41,473	-0.2%	0.88%	-1.6%
XLI	Sell	SECTOR SPDR INDL SELECT SHARESetf	$2,232,000	+6.8%	48,100	-1.9%	0.84%	+6.1%
CSX	Buy	CSX CORP	$2,232,000	+11.1%	86,715	+0.1%	0.84%	+10.4%
WFC	Sell	WELLS FARGO AND CO NEW	$2,178,000	-48.0%	52,685	-48.0%	0.82%	-48.3%
	Buy	FIDELITY ADVISOR BIOTECH FD CL Imf	$2,073,000	+29.2%	108,908	+4.7%	0.78%	+28.3%
DXJ	Buy	WISDOMTREE JPN HDGD EQTY JAPANetf	$2,038,000	+5.8%	42,515	+0.7%	0.77%	+5.1%
FFIV	Sell	F5 NETWORKS INC	$2,010,000	+24.0%	23,428	-0.6%	0.76%	+23.3%
MS	Sell	MORGAN STANLEY	$1,934,000	-1.2%	71,759	-10.4%	0.73%	-1.8%
MOO	Sell	MARKET VECTORS AGRIBUSINESS ETetf	$1,709,000	-69.4%	33,290	-69.5%	0.64%	-69.6%
VIS	Buy	VANGUARD INDUSTRIALSetf	$1,531,000	+12.3%	17,125	+2.5%	0.58%	+11.4%
VB	Sell	VANGUARD SMALL-CAP ETFetf	$1,406,000	+9.0%	13,724	-0.4%	0.53%	+8.2%
KMI	Buy	KINDER MORGAN INC	$1,331,000	-0.7%	37,426	+6.5%	0.50%	-1.4%
PM	Buy	PHILIP MORRIS INTERNATIONAL INC	$1,241,000	+26.8%	14,328	+26.8%	0.47%	+25.9%
EFA	Buy	ISHARES TR MSCI EAFE FD MSCI Eetf	$1,081,000	+160.5%	16,940	+134.0%	0.41%	+158.6%
STT	Sell	STATE STREET CORP	$1,077,000	-22.6%	16,376	-23.3%	0.40%	-23.1%
BIDU	Sell	BAIDU IN ADR F SPONSORDED ADR	$1,048,000	-83.6%	6,755	-90.0%	0.39%	-83.7%
RIG	Buy	TRANSOCEAN INC NEW F	$1,044,000	-2.2%	23,465	+5.4%	0.39%	-3.0%
FTNT	Sell	FORTINET INC	$952,000	+14.7%	47,010	-0.9%	0.36%	+14.0%
EEM	Sell	ISHARES MSCI EMERGING MARKET Ietf	$930,000	+5.0%	22,820	-0.9%	0.35%	+4.5%
PAYX	Buy	PAYCHEX INC	$873,000	+12.6%	21,475	+1.2%	0.33%	+11.9%
DGS	Buy	WISDOMTREE TRUST EMERGING SMALetf	$869,000	+12.7%	18,625	+11.2%	0.33%	+12.0%
VGT	Sell	VANGUARD INFO TECHNOLOGYetf	$868,000	+6.0%	10,750	-2.9%	0.33%	+5.2%
SDY	Sell	SPDR S&P DIVIDEND ETFetf	$826,000	-16.3%	11,973	-19.6%	0.31%	-16.9%
	Buy	HARBOR INTERNATIONAL FUND INSTmf	$767,000	+17.3%	11,071	+5.6%	0.29%	+16.6%
CAT	Sell	CATERPILLAR INC	$744,000	-5.1%	8,915	-6.2%	0.28%	-5.7%
PFE	Buy	PFIZER INCORPORATED	$672,000	+4.0%	23,380	+1.3%	0.25%	+3.7%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$624,000	+1.0%	13,488	-2.5%	0.24%	+0.4%
MO	Buy	ALTRIA GROUP INC	$518,000	+37.8%	15,078	+40.3%	0.20%	+37.3%
KO	Sell	COCA COLA CO	$517,000	-8.8%	13,670	-3.4%	0.19%	-9.3%
CSCO	Buy	CISCO SYSTEMS INC	$416,000	+1.2%	17,750	+5.0%	0.16%	+0.6%
HD	Sell	HOME DEPOT INC	$405,000	-3.8%	5,337	-1.8%	0.15%	-4.4%
VCR	Sell	VANGUARD CNSMR DSCRTNARYetf	$356,000	+0.3%	3,600	-7.7%	0.13%	0.0%
	New	1/100 BERKSHIRE HTWY CLA 100 S	$341,000	–	200	–	0.13%	–
AXP	Sell	AMERICAN EXPRESS COMPANY	$321,000	-9.6%	4,250	-10.5%	0.12%	-9.7%
AME	Sell	AMETEK INC NEW	$311,000	+3.3%	6,750	-5.3%	0.12%	+2.6%
DIS	Sell	WALT DISNEY COMPANY	$297,000	-4.2%	4,605	-6.1%	0.11%	-4.3%
MJN	Sell	MEAD JOHNSON NUTRITION CO-A	$266,000	-17.9%	3,582	-12.5%	0.10%	-18.7%
DWX	New	SPDR S&P INTL DIVIDENDetf	$255,000	–	5,451	–	0.10%	–
FCX	Sell	FREEPORT-MCMORAN COPPER	$241,000	+3.9%	7,273	-13.4%	0.09%	+3.4%
EDIV	Buy	SPDR S&P EMERGING MKTS EMERGINetf	$233,000	+4.5%	5,785	+0.2%	0.09%	+4.8%
XHB	New	SPDR S&P HOMEBUILDERS ETFetf	$228,000	–	7,450	–	0.09%	–
WAG	Sell	WALGREEN COMPANY	$215,000	+5.9%	3,990	-13.1%	0.08%	+5.2%
XLB	New	MATERIALS SELECT SECTOR SPDR Fetf	$210,000	–	5,000	–	0.08%	–
OEF	New	ISHARES TR S&P 100 ETF S&P1etf	$206,000	–	2,750	–	0.08%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$203,000	–	4,016	–	0.08%	–
	Buy	BNY MELLON EMERGING MARKETS FUmf	$151,000	+4.9%	16,406	+13.9%	0.06%	+5.6%
BRKA	Exit	1/100 BERKSHIRE HTWY CLA 100 S	$0	–	-200	–	-0.13%	–

Q2 2013

			Value		Shares		↓ Weighting
XOM	New	EXXON MOBIL CORP	$10,185,000	–	112,724	–	3.85%	–
AAPL	New	APPLE INC	$9,393,000	–	23,687	–	3.55%	–
SPY	New	SPDR S&P 500 ETF TRUSTetf	$8,831,000	–	55,051	–	3.34%	–
QCOM	New	QUALCOMM INC	$8,729,000	–	142,879	–	3.30%	–
ACN	New	ACCENTURE PLC	$8,560,000	–	118,953	–	3.24%	–
PVH	New	PVH CORP	$7,566,000	–	60,500	–	2.86%	–
VWO	New	VANGUARD FTSE EMERGING MARKETSetf	$7,462,000	–	192,340	–	2.82%	–
DOV	New	DOVER CORP	$6,718,000	–	86,509	–	2.54%	–
COH	New	COACH INC	$6,615,000	–	115,875	–	2.50%	–
VZ	New	VERIZON COMMUNICATIONS	$6,451,000	–	128,141	–	2.44%	–
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$6,393,000	–	103,545	–	2.42%	–
BIDU	New	BAIDU.COM ADR	$6,388,000	–	67,514	–	2.42%	–
SLB	New	SCHLUMBERGER LTD	$6,166,000	–	86,050	–	2.33%	–
GLW	New	CORNING INC	$5,962,000	–	418,929	–	2.26%	–
GOOGL	New	GOOGLE INC	$5,764,000	–	6,548	–	2.18%	–
EMC	New	EMC CORP	$5,705,000	–	241,525	–	2.16%	–
MOO	New	MARKET VECTORS AGRIBUSINESS ETetf	$5,586,000	–	109,141	–	2.11%	–
F113PS	New	COVIDIEN PLC	$5,161,000	–	82,135	–	1.95%	–
ABV	New	COMPANHIA DE BEBIDAS SPONS ADR	$5,020,000	–	134,400	–	1.90%	–
DHR	New	DANAHER CORP DEL	$4,948,000	–	78,173	–	1.87%	–
PG	New	PROCTER AND GAMBLE CO	$4,785,000	–	62,149	–	1.81%	–
MCD	New	MCDONALDS CORP	$4,690,000	–	47,374	–	1.77%	–
WFC	New	WELLS FARGO AND CO NEW	$4,185,000	–	101,378	–	1.58%	–
CNC	New	CENTENE CORP	$4,129,000	–	78,723	–	1.56%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,858,000	–	58,917	–	1.46%	–
DISCA	New	DISCOVERY COMMUN SER A SERIES	$3,780,000	–	48,936	–	1.43%	–
IBM	New	IBM CORP	$3,732,000	–	19,528	–	1.41%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTD	$3,731,000	–	75,088	–	1.41%	–
DSW	New	DSW INC CL A	$3,627,000	–	49,362	–	1.37%	–
KRFT	New	KRAFT FOODS GROUP INC	$3,614,000	–	64,692	–	1.37%	–
ECON	New	EGSHARES EM CONSUMER ETFetf	$3,509,000	–	135,926	–	1.33%	–
JNJ	New	JOHNSON AND JOHNSON CO	$3,460,000	–	40,300	–	1.31%	–
HOT	New	STARWOOD HOTELS AND RESORTS	$3,226,000	–	51,053	–	1.22%	–
AJG	New	ARTHUR J. GALLAGHER & CO	$3,157,000	–	72,277	–	1.19%	–
POT	New	POTASH CORP SASKATCH	$3,120,000	–	81,816	–	1.18%	–
QQQ	New	POWERSHARES QQQ TRUST UNIT SERetf	$3,049,000	–	42,775	–	1.15%	–
PF	New	PINNACLE FOODS INC	$2,999,000	–	124,210	–	1.14%	–
XLE	New	ENERGY SELECT SECTOR ETFetf	$2,960,000	–	37,800	–	1.12%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRUSTetf	$2,903,000	–	13,817	–	1.10%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$2,886,000	–	101,138	–	1.09%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B	$2,874,000	–	25,679	–	1.09%	–
XLY	New	SECTOR SPDR CONSUMER FD SHARESetf	$2,710,000	–	48,050	–	1.02%	–
HAL	New	HALLIBURTON CO HLDG CO	$2,708,000	–	64,910	–	1.02%	–
CVS	New	CVS CAREMARK CORP	$2,377,000	–	41,573	–	0.90%	–
XLI	New	SECTOR SPDR INDL SELECT SHARESetf	$2,090,000	–	49,025	–	0.79%	–
CSX	New	CSX CORP	$2,009,000	–	86,615	–	0.76%	–
MS	New	MORGAN STANLEY	$1,957,000	–	80,109	–	0.74%	–
DXJ	New	WISDOMTREE JAPAN HEDGED EQUITYetf	$1,927,000	–	42,240	–	0.73%	–
FFIV	New	F5 NETWORKS INC	$1,621,000	–	23,558	–	0.61%	–
	New	FIDELITY ADVISOR BIOTECHNOLOGYmf	$1,605,000	–	103,996	–	0.61%	–
STT	New	STATE STREET CORP	$1,392,000	–	21,353	–	0.53%	–
VIS	New	VANGUARD INDUSTRIALSetf	$1,363,000	–	16,700	–	0.52%	–
KMI	New	KINDER MORGAN INC	$1,340,000	–	35,131	–	0.51%	–
VB	New	VANGUARD SMALL-CAP ETFetf	$1,290,000	–	13,774	–	0.49%	–
RIG	New	TRANSOCEAN INC NEW F	$1,068,000	–	22,265	–	0.40%	–
MMM	New	3M CO	$997,000	–	9,122	–	0.38%	–
RDSA	New	ROYAL DUTCH PLC ADR	$993,000	–	15,570	–	0.38%	–
SDY	New	SPDR S&P DIVIDEND ETFetf	$987,000	–	14,888	–	0.37%	–
PM	New	PHILIP MORRIS INTERNATIONAL IN	$979,000	–	11,300	–	0.37%	–
VO	New	VANGUARD INDEX FDS MID CAP ETFetf	$928,000	–	9,750	–	0.35%	–
EEM	New	ISHARES MSCI EMERGING MARKET Ietf	$886,000	–	23,020	–	0.34%	–
FTNT	New	FORTINET INC	$830,000	–	47,420	–	0.31%	–
CVX	New	CHEVRON CORP	$827,000	–	6,986	–	0.31%	–
VGT	New	VANGUARD INFO TECHNOLOGYetf	$819,000	–	11,075	–	0.31%	–
CAT	New	CATERPILLAR INC	$784,000	–	9,500	–	0.30%	–
PAYX	New	PAYCHEX INC	$775,000	–	21,225	–	0.29%	–
DGS	New	WISDOMTREE TRUST EMERGING SMALetf	$771,000	–	16,750	–	0.29%	–
MTB	New	M AND T BANK CORP	$732,000	–	6,550	–	0.28%	–
	New	HARBOR INTERNATIONAL FUND INSTmf	$654,000	–	10,480	–	0.25%	–
PFE	New	PFIZER INC	$646,000	–	23,080	–	0.24%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$618,000	–	13,838	–	0.23%	–
PPG	New	P P G INDUSTRIES INC	$586,000	–	4,000	–	0.22%	–
ABBV	New	ABBVIE INC	$572,000	–	13,840	–	0.22%	–
KO	New	COCA COLA CO	$567,000	–	14,145	–	0.21%	–
AET	New	AETNA INC NEW	$508,000	–	8,000	–	0.19%	–
MRK	New	MERCK AND CO INC	$507,000	–	10,919	–	0.19%	–
HUBB	New	HUBBELL INC CLASS B	$504,000	–	5,089	–	0.19%	–
TGT	New	TARGET CORP	$492,000	–	7,147	–	0.19%	–
ABT	New	ABBOTT LABORATORIES	$483,000	–	13,840	–	0.18%	–
INTC	New	INTEL CORP	$452,000	–	18,660	–	0.17%	–
HD	New	HOME DEPOT INC	$421,000	–	5,437	–	0.16%	–
EFA	New	ISHARES TR MSCI EAFE FD MSCI Eetf	$415,000	–	7,240	–	0.16%	–
CSCO	New	CISCO SYSTEMS INC	$411,000	–	16,900	–	0.16%	–
IYH	New	ISHARES TR DJ US HEALTHCRetf	$381,000	–	3,800	–	0.14%	–
MO	New	ALTRIA GROUP INC	$376,000	–	10,750	–	0.14%	–
AXP	New	AMERICAN EXPRESS COMPANY	$355,000	–	4,750	–	0.13%	–
VCR	New	VANGUARD CNSMR DSCRTNARYetf	$355,000	–	3,900	–	0.13%	–
	New	COLUMBIA ACORN INTL FD CL Zmf	$339,000	–	7,933	–	0.13%	–
BRKA	New	1/100 BERKSHIRE HTWY CLA 100 S	$337,000	–	200	–	0.13%	–
LH	New	LABORATORY CORP AMER HLDGS COM	$333,000	–	3,325	–	0.13%	–
IWS	New	ISHARES RUSSELL MIDCAP VALUE Ietf	$330,000	–	5,700	–	0.12%	–
MJN	New	MEAD JOHNSON NUTRITION CO A	$324,000	–	4,092	–	0.12%	–
PEP	New	PEPSICO INC	$317,000	–	3,875	–	0.12%	–
DIS	New	WALT DISNEY COMPANY	$310,000	–	4,905	–	0.12%	–
EMR	New	EMERSON ELECTRIC CO	$305,000	–	5,600	–	0.12%	–
AME	New	AMETEK INC NEW	$301,000	–	7,125	–	0.11%	–
CALL	New	MAGICJACK VOCALTEC LTD	$284,000	–	20,000	–	0.11%	–
	New	DODGE & COX STOCK FUNDmf	$283,000	–	1,991	–	0.11%	–
CL	New	COLGATE PALMOLIVE CO	$274,000	–	4,784	–	0.10%	–
	New	AMERICAN CENTURY SMALL CAP GWTmf	$253,000	–	24,066	–	0.10%	–
EBAY	New	EBAY INC	$248,000	–	4,801	–	0.09%	–
PEG	New	PUB SVC ENT GROUP INC	$247,000	–	7,578	–	0.09%	–
FCX	New	FREEPORT-MCMORAN COPPER	$232,000	–	8,398	–	0.09%	–
EDIV	New	SPDR S&P EMERGING MKTS EMERGINetf	$223,000	–	5,775	–	0.08%	–
	New	DREYFUS SELECT MANAGERS SMALLmf	$212,000	–	9,291	–	0.08%	–
AVY	New	AVERY DENNISON CORP	$205,000	–	4,800	–	0.08%	–
NKE	New	NIKE INC CLASS B	$205,000	–	3,220	–	0.08%	–
WAG	New	WALGREEN COMPANY	$203,000	–	4,590	–	0.08%	–
	New	DREYFUS PREMIER INTL FDS INC Gmf	$171,000	–	20,901	–	0.06%	–
WU	New	WESTERN UNION COMPANY	$171,000	–	10,000	–	0.06%	–
	New	VANGUARD TOTAL INTL STK INDEXmf	$147,000	–	10,000	–	0.06%	–
	New	BNY MELLON EMERGING MARKETS FUmf	$144,000	–	14,406	–	0.05%	–
GSDC	New	GOLDSANDS DEVELOPMENT CO	$0	–	40,000	–	0.00%	–
GFIHQ	New	GRAHAM-FIELD HEALTH PRODS INC	$0	–	10,500	–	0.00%	–
OREO	New	AMERICAN LIBERTY PETROLEUM COR	$0	–	20,000	–	0.00%	–

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