CAMPBELL NEWMAN ASSET MANAGEMENT INC Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
AAPL	Sell	Apple, Inc.	$68,929,700	-16.8%	402,603	-5.7%	6.52%	-12.0%
MSFT	Sell	Microsoft Corp.	$68,078,226	-7.9%	215,608	-0.7%	6.44%	-2.6%
AVGO	Buy	Broadcom, Inc.	$43,797,442	-4.2%	52,731	+0.0%	4.14%	+1.3%
KLAC	Sell	KLA Corp.	$41,352,327	-16.3%	90,159	-11.5%	3.91%	-11.5%
COP	Sell	ConocoPhillips	$40,943,447	+15.5%	341,765	-0.1%	3.87%	+22.1%
ADI	Buy	Analog Devices, Inc.	$38,886,263	-9.9%	222,093	+0.3%	3.68%	-4.7%
LLY	Sell	Eli Lilly & Co.	$34,941,918	-15.7%	65,053	-26.4%	3.30%	-10.8%
LOW	Buy	Lowe's Companies, Inc.	$34,506,859	-7.7%	166,026	+0.3%	3.26%	-2.3%
V	Buy	Visa, Inc. Class A	$33,200,563	-2.9%	144,344	+0.2%	3.14%	+2.6%
SYK	Buy	Stryker Corp.	$32,859,917	-10.2%	120,247	+0.3%	3.11%	-5.0%
UNH	Buy	UnitedHealth Group	$30,326,524	+5.2%	60,149	+0.3%	2.87%	+11.2%
MA	Buy	Mastercard, Inc.	$29,070,484	+0.9%	73,427	+0.2%	2.75%	+6.7%
MRK	Buy	Merck & Co., Inc.	$28,921,949	-10.5%	280,932	+0.3%	2.74%	-5.3%
ACN	Buy	Accenture plc	$26,485,474	-0.1%	86,241	+0.4%	2.50%	+5.7%
HON	Buy	Honeywell International, Inc.	$26,485,989	-10.7%	143,369	+0.3%	2.50%	-5.6%
TEL	Buy	TE Connectivity Ltd. Regular S	$25,964,400	-11.7%	210,187	+0.2%	2.46%	-6.5%
CMCSA	Buy	Comcast Corp. Class A	$25,105,308	+7.1%	566,200	+0.4%	2.38%	+13.3%
TXN	Buy	Texas Instruments, Inc.	$22,553,518	-11.4%	141,837	+0.3%	2.13%	-6.4%
NOC	Buy	Northrop Grumman Corp.	$22,472,622	-3.1%	51,052	+0.3%	2.13%	+2.5%
EOG	Buy	EOG Resources, Inc.	$21,897,663	+11.0%	172,749	+0.2%	2.07%	+17.3%
ICE	Buy	Intercontinental Exchange, Inc	$21,513,000	-2.4%	195,537	+0.3%	2.04%	+3.2%
HD	Buy	The Home Depot, Inc.	$20,737,747	-2.6%	68,632	+0.2%	1.96%	+3.0%
AJG	Buy	Arthur J. Gallagher & Co.	$19,841,990	+4.0%	87,053	+0.2%	1.88%	+10.1%
AMT	Buy	American Tower Corp.	$18,235,388	-14.8%	110,887	+0.5%	1.72%	-9.9%
CSCO	Buy	Cisco Systems, Inc.	$18,197,384	+4.2%	338,493	+0.3%	1.72%	+10.2%
RTX	Sell	RTX Corp.	$18,170,397	-54.8%	252,472	-38.5%	1.72%	-52.2%
APD	Buy	Air Products & Chemicals, Inc.	$16,727,118	-5.1%	59,023	+0.3%	1.58%	+0.4%
MCO	Buy	Moody's Corp.	$16,695,673	-8.8%	52,806	+0.3%	1.58%	-3.6%
HSY	Buy	Hershey Foods Corp.	$14,150,058	+502.9%	70,722	+652.4%	1.34%	+537.1%
DE	Buy	Deere & Co.	$13,324,156	-6.7%	35,307	+0.2%	1.26%	-1.3%
ABT	Buy	Abbott Laboratories	$13,251,889	-10.8%	136,829	+0.4%	1.25%	-5.7%
GPC	New	Genuine Parts Co.	$12,620,400	–	87,411	–	1.19%	–
AMZN	Sell	Amazon.com, Inc.	$11,134,187	-2.5%	87,588	-0.0%	1.05%	+3.0%
IFF	Sell	Intl. Flavors & Fragrances, In	$10,602,889	-35.7%	155,536	-24.9%	1.00%	-32.0%
ZTS	New	Zoetis, Inc.	$10,526,660	–	60,505	–	1.00%	–
SPGI	Buy	S&P Global, Inc.	$9,297,492	-8.7%	25,444	+0.2%	0.88%	-3.4%
GOOGL	Sell	Alphabet, Inc. Class A	$4,797,982	+9.2%	36,665	-0.1%	0.45%	+15.5%
CCI	Buy	Crown Castle, Inc.	$4,599,316	-18.8%	49,976	+0.5%	0.44%	-14.2%
FN	Sell	Fabrinet	$2,971,001	+9.0%	17,831	-15.1%	0.28%	+15.2%
MPWR	Sell	Monolithic Power Systems, Inc.	$2,777,082	-15.9%	6,011	-1.7%	0.26%	-10.8%
MEDP	Sell	Medpace Holdings, Inc.	$2,675,294	-0.9%	11,049	-1.7%	0.25%	+4.5%
ONTO	Sell	Onto Innovation, Inc.	$2,354,019	+7.6%	18,460	-1.7%	0.22%	+13.8%
LNTH	Sell	Lantheus Holdings, Inc.	$2,306,180	-18.6%	33,192	-1.7%	0.22%	-13.8%
FISV	Sell	Fiserv, Inc.	$2,304,271	-10.6%	20,399	-0.2%	0.22%	-5.6%
MGY	Sell	Magnolia Oil & Gas Corp. Cl A	$2,095,578	+7.7%	91,470	-1.7%	0.20%	+13.8%
MTZ	Sell	MasTec, Inc.	$2,002,061	-40.0%	27,818	-1.7%	0.19%	-36.8%
EXLS	Buy	ExlService Holdings, Inc.	$1,958,734	-8.8%	69,855	+391.6%	0.18%	-3.6%
NKE	Sell	NIKE, Inc. Class B	$1,921,006	-13.5%	20,090	-0.2%	0.18%	-8.5%
POOL	Sell	Pool Corp.	$1,745,958	-5.9%	4,903	-1.0%	0.16%	-0.6%
FB	Sell	Meta Platforms, Inc.	$1,704,893	+3.9%	5,679	-0.7%	0.16%	+9.5%
NVEE	Sell	NV5 Global, Inc.	$1,699,326	-14.7%	17,659	-1.8%	0.16%	-9.6%
ENSG	Sell	Ensign Group, Inc.	$1,671,904	-4.3%	17,991	-1.7%	0.16%	+1.3%
CCS	Sell	Century Communities, Inc.	$1,652,338	-14.3%	24,743	-1.7%	0.16%	-9.3%
FIVE	Sell	Five Below, Inc.	$1,636,836	-19.6%	10,173	-1.8%	0.16%	-14.8%
CW	Sell	Curtiss-Wright Corp.	$1,597,319	+4.7%	8,165	-1.7%	0.15%	+11.0%
PTC	Sell	PTC, Inc.	$1,601,692	-2.1%	11,305	-1.7%	0.15%	+3.4%
LAD	Buy	Lithia Motors, Inc.	$1,599,803	+62.4%	5,417	+67.2%	0.15%	+71.6%
PLUS	Sell	ePlus, Inc.	$1,533,373	+10.9%	24,140	-1.7%	0.14%	+16.9%
CIEN	Sell	Ciena Corp.	$1,521,488	+9.3%	32,194	-1.7%	0.14%	+15.2%
OLLI	Sell	Ollie's Bargain Outlet Holding	$1,485,098	+30.9%	19,242	-1.7%	0.14%	+38.6%
TJX	Sell	The TJX Companies, Inc.	$1,439,945	+4.5%	16,201	-0.3%	0.14%	+10.6%
TMO	Sell	Thermo Fisher Scientific, Inc.	$1,415,251	-3.2%	2,796	-0.2%	0.13%	+2.3%
SBUX	Sell	Starbucks Corp.	$1,367,133	-8.1%	14,979	-0.3%	0.13%	-3.0%
CORT	Sell	Corcept Therapeutics, Inc.	$1,331,627	+20.3%	48,876	-1.7%	0.13%	+27.3%
EVR	Sell	Evercore, Inc.	$1,314,720	+9.6%	9,535	-1.8%	0.12%	+15.9%
HALO	Sell	Halozyme Therapeutics, Inc.	$1,301,130	+4.1%	34,061	-1.7%	0.12%	+9.8%
NVDA	Sell	NVIDIA Corp.	$1,293,225	+2.7%	2,973	-0.1%	0.12%	+8.0%
BCO	Sell	The Brink's Co.	$1,281,951	+5.3%	17,648	-1.7%	0.12%	+11.0%
LGIH	Sell	LGI Homes, Inc.	$1,226,612	-27.5%	12,329	-1.7%	0.12%	-23.2%
DY	Sell	Dycom Industries, Inc.	$1,230,603	-23.0%	13,827	-1.7%	0.12%	-18.9%
APG	New	APi Group Corp.	$1,219,047	–	47,013	–	0.12%	–
SUPN	Buy	Supernus Pharmaceuticals, Inc.	$1,167,727	+50.1%	42,355	+63.7%	0.11%	+57.1%
PCRX	Sell	Pacira BioSciences, Inc.	$1,061,068	-24.8%	34,585	-1.7%	0.10%	-20.6%
PRFT	Sell	Perficient, Inc.	$1,007,343	-31.8%	17,410	-1.7%	0.10%	-28.0%
MP	Sell	MP Materials Corp.	$1,001,356	-18.0%	52,427	-1.7%	0.10%	-12.8%
AMD	Sell	Advanced Micro Devices, Inc.	$929,596	-9.9%	9,041	-0.2%	0.09%	-4.3%
BLKB	Sell	Blackbaud, Inc.	$923,724	-2.9%	13,136	-1.7%	0.09%	+2.4%
TMUS	Sell	T-Mobile US, Inc.	$749,968	+0.7%	5,355	-0.1%	0.07%	+6.0%
MKTX	Sell	MarketAxess Holdings, Inc.	$703,953	-19.6%	3,295	-1.6%	0.07%	-14.1%
MC	Sell	Moelis & Co. Class A	$710,482	-2.1%	15,743	-1.6%	0.07%	+3.1%
LULU	Sell	Lululemon Athletica, Inc.	$676,746	+1.6%	1,755	-0.2%	0.06%	+6.7%
CEVA	Sell	CEVA, Inc.	$649,041	-25.4%	33,473	-1.7%	0.06%	-21.8%
VRTX	Sell	Vertex Pharmaceuticals, Inc.	$628,366	-1.4%	1,807	-0.2%	0.06%	+3.5%
VRNT	Sell	Verint Systems, Inc.	$604,177	-35.6%	26,280	-1.7%	0.06%	-32.1%
CMBM	Sell	Cambium Networks Corp.	$556,296	-52.7%	75,893	-1.7%	0.05%	-49.5%
IART	Sell	Integra Lifesciences Holdings	$544,933	-8.8%	14,269	-1.8%	0.05%	-1.9%
BA	Buy	Boeing Co.	$467,124	-9.2%	2,437	+0.1%	0.04%	-4.3%
EPAM	New	EPAM Systems, Inc.	$210,177	–	822	–	0.02%	–
PLNT	Exit	Planet Fitness, Inc. Class A	$0	–	-14,361	–	-0.09%	–
SYNH	Exit	Syneos Health Class A	$0	–	-29,614	–	-0.11%	–

Q2 2023

			Value		Shares		↓ Weighting
AAPL	New	Apple, Inc.	$82,833,903	–	427,045	–	7.41%	–
MSFT	New	Microsoft Corp.	$73,953,369	–	217,165	–	6.61%	–
KLAC	New	KLA Corp.	$49,422,083	–	101,897	–	4.42%	–
AVGO	New	Broadcom, Inc.	$45,726,706	–	52,715	–	4.09%	–
ADI	New	Analog Devices, Inc.	$43,155,480	–	221,526	–	3.86%	–
LLY	New	Eli Lilly & Co.	$41,432,976	–	88,347	–	3.70%	–
RTX	New	Raytheon Technologies Corp.	$40,183,174	–	410,200	–	3.59%	–
LOW	New	Lowe's Companies, Inc.	$37,370,745	–	165,577	–	3.34%	–
SYK	New	Stryker Corp.	$36,583,973	–	119,912	–	3.27%	–
COP	New	ConocoPhillips	$35,461,041	–	342,255	–	3.17%	–
V	New	Visa, Inc. Class A	$34,205,907	–	144,037	–	3.06%	–
MRK	New	Merck & Co., Inc.	$32,304,815	–	279,962	–	2.89%	–
HON	New	Honeywell International, Inc.	$29,670,425	–	142,990	–	2.65%	–
TEL	New	TE Connectivity Ltd. Regular S	$29,390,010	–	209,689	–	2.63%	–
MA	New	Mastercard, Inc.	$28,824,957	–	73,290	–	2.58%	–
UNH	New	UnitedHealth Group	$28,827,826	–	59,978	–	2.58%	–
ACN	New	Accenture plc	$26,513,502	–	85,921	–	2.37%	–
TXN	New	Texas Instruments, Inc.	$25,466,908	–	141,467	–	2.28%	–
CMCSA	New	Comcast Corp. Class A	$23,434,532	–	564,008	–	2.10%	–
NOC	New	Northrop Grumman Corp.	$23,201,631	–	50,903	–	2.08%	–
ICE	New	Intercontinental Exchange, Inc	$22,051,072	–	195,004	–	1.97%	–
AMT	New	American Tower Corp.	$21,396,261	–	110,324	–	1.91%	–
HD	New	The Home Depot, Inc.	$21,284,642	–	68,519	–	1.90%	–
EOG	New	EOG Resources, Inc.	$19,733,690	–	172,437	–	1.76%	–
AJG	New	Arthur J. Gallagher & Co.	$19,069,874	–	86,851	–	1.70%	–
MCO	New	Moody's Corp.	$18,315,456	–	52,673	–	1.64%	–
APD	New	Air Products & Chemicals, Inc.	$17,618,055	–	58,819	–	1.58%	–
CSCO	New	Cisco Systems, Inc.	$17,468,769	–	337,626	–	1.56%	–
IFF	New	Intl. Flavors & Fragrances, In	$16,488,581	–	207,169	–	1.48%	–
ABT	New	Abbott Laboratories	$14,860,952	–	136,314	–	1.33%	–
DE	New	Deere & Co.	$14,276,464	–	35,234	–	1.28%	–
AMZN	New	Amazon.com, Inc.	$11,422,665	–	87,624	–	1.02%	–
SPGI	New	S&P Global, Inc.	$10,178,597	–	25,390	–	0.91%	–
MCD	New	McDonald's Corp.	$7,599,607	–	25,467	–	0.68%	–
CCI	New	Crown Castle, Inc.	$5,663,533	–	49,706	–	0.51%	–
JNJ	New	Johnson & Johnson	$4,828,218	–	29,170	–	0.43%	–
GOOGL	New	Alphabet, Inc. Class A	$4,394,067	–	36,709	–	0.39%	–
GOOG	New	Alphabet, Inc. Class C	$4,344,396	–	35,913	–	0.39%	–
MTZ	New	MasTec, Inc.	$3,339,259	–	28,306	–	0.30%	–
MPWR	New	Monolithic Power Systems, Inc.	$3,303,506	–	6,115	–	0.30%	–
LNTH	New	Lantheus Holdings, Inc.	$2,834,062	–	33,771	–	0.25%	–
FN	New	Fabrinet	$2,726,441	–	20,992	–	0.24%	–
MEDP	New	Medpace Holdings, Inc.	$2,700,471	–	11,244	–	0.24%	–
BAC	New	Bank of America Corp.	$2,606,487	–	90,850	–	0.23%	–
FISV	New	Fiserv, Inc.	$2,578,128	–	20,437	–	0.23%	–
GLW	New	Corning, Inc.	$2,559,742	–	73,052	–	0.23%	–
HSY	New	Hershey Foods Corp.	$2,347,180	–	9,400	–	0.21%	–
NKE	New	NIKE, Inc. Class B	$2,221,638	–	20,129	–	0.20%	–
ONTO	New	Onto Innovation, Inc.	$2,187,190	–	18,779	–	0.20%	–
EXLS	New	ExlService Holdings, Inc.	$2,146,563	–	14,210	–	0.19%	–
BMY	New	Bristol-Myers Squibb Co.	$2,099,223	–	32,826	–	0.19%	–
NSC	New	Norfolk Southern Corporation	$2,078,255	–	9,165	–	0.19%	–
FIVE	New	Five Below, Inc.	$2,035,368	–	10,356	–	0.18%	–
NVEE	New	NV5 Global, Inc.	$1,991,091	–	17,975	–	0.18%	–
MGY	New	Magnolia Oil & Gas Corp. Cl A	$1,945,560	–	93,089	–	0.17%	–
CCS	New	Century Communities, Inc.	$1,928,449	–	25,169	–	0.17%	–
POOL	New	Pool Corp.	$1,856,341	–	4,955	–	0.17%	–
PEP	New	PepsiCo, Inc.	$1,751,070	–	9,454	–	0.16%	–
ENSG	New	Ensign Group, Inc.	$1,747,395	–	18,305	–	0.16%	–
LGIH	New	LGI Homes, Inc.	$1,692,600	–	12,548	–	0.15%	–
FB	New	Meta Platforms, Inc.	$1,641,239	–	5,719	–	0.15%	–
PTC	New	PTC, Inc.	$1,636,877	–	11,503	–	0.15%	–
DY	New	Dycom Industries, Inc.	$1,598,942	–	14,069	–	0.14%	–
DIS	New	The Walt Disney Co.	$1,568,203	–	17,565	–	0.14%	–
AMGN	New	Amgen,Inc.	$1,554,140	–	7,000	–	0.14%	–
CW	New	Curtiss-Wright Corp.	$1,526,215	–	8,310	–	0.14%	–
SBUX	New	Starbucks Corp.	$1,488,377	–	15,025	–	0.13%	–
PRFT	New	Perficient, Inc.	$1,476,608	–	17,720	–	0.13%	–
TMO	New	Thermo Fisher Scientific, Inc.	$1,461,422	–	2,801	–	0.13%	–
PCRX	New	Pacira BioSciences, Inc.	$1,410,103	–	35,191	–	0.13%	–
CIEN	New	Ciena Corp.	$1,392,185	–	32,765	–	0.12%	–
PLUS	New	ePlus, Inc.	$1,383,235	–	24,569	–	0.12%	–
TJX	New	The TJX Companies, Inc.	$1,377,583	–	16,247	–	0.12%	–
NVDA	New	NVIDIA Corp.	$1,259,331	–	2,977	–	0.11%	–
SYNH	New	Syneos Health Class A	$1,247,934	–	29,614	–	0.11%	–
HALO	New	Halozyme Therapeutics, Inc.	$1,250,042	–	34,656	–	0.11%	–
MP	New	MP Materials Corp.	$1,220,785	–	53,356	–	0.11%	–
ABBV	New	Abbvie Inc.	$1,216,073	–	9,026	–	0.11%	–
BCO	New	The Brink's Co.	$1,217,820	–	17,954	–	0.11%	–
EVR	New	Evercore, Inc.	$1,199,595	–	9,706	–	0.11%	–
CMBM	New	Cambium Networks Corp.	$1,175,212	–	77,215	–	0.10%	–
OLLI	New	Ollie's Bargain Outlet Holding	$1,134,327	–	19,581	–	0.10%	–
CORT	New	Corcept Therapeutics, Inc.	$1,106,648	–	49,737	–	0.10%	–
AMD	New	Advanced Micro Devices, Inc.	$1,031,797	–	9,058	–	0.09%	–
LAD	New	Lithia Motors, Inc.	$985,012	–	3,239	–	0.09%	–
PLNT	New	Planet Fitness, Inc. Class A	$968,506	–	14,361	–	0.09%	–
BLKB	New	Blackbaud, Inc.	$951,321	–	13,365	–	0.08%	–
VRNT	New	Verint Systems, Inc.	$937,504	–	26,740	–	0.08%	–
IWR	New	iShares Tr Russell Midcapexchange-traded	$937,705	–	12,840	–	0.08%	–
MKTX	New	MarketAxess Holdings, Inc.	$875,507	–	3,349	–	0.08%	–
CEVA	New	CEVA, Inc.	$870,310	–	34,063	–	0.08%	–
SUPN	New	Supernus Pharmaceuticals, Inc.	$777,923	–	25,879	–	0.07%	–
PFE	New	Pfizer, Inc.	$783,888	–	21,371	–	0.07%	–
TMUS	New	T-Mobile US, Inc.	$744,782	–	5,362	–	0.07%	–
MC	New	Moelis & Co. Class A	$725,712	–	16,006	–	0.06%	–
LULU	New	Lululemon Athletica, Inc.	$665,782	–	1,759	–	0.06%	–
VRTX	New	Vertex Pharmaceuticals, Inc.	$637,309	–	1,811	–	0.06%	–
XOM	New	ExxonMobil Corp.	$630,952	–	5,883	–	0.06%	–
PG	New	Procter & Gamble Co.	$629,721	–	4,150	–	0.06%	–
IART	New	Integra Lifesciences Holdings	$597,578	–	14,529	–	0.05%	–
ORLY	New	O Reilly Automotive	$573,180	–	600	–	0.05%	–
BA	New	Boeing Co.	$514,175	–	2,435	–	0.05%	–
CARR	New	Carrier Global Corp.	$471,648	–	9,488	–	0.04%	–
HUM	New	Humana, Inc.	$447,130	–	1,000	–	0.04%	–
KO	New	Coca-Cola Co.	$340,604	–	5,656	–	0.03%	–
	New	Corteva Inc.	$329,475	–	5,750	–	0.03%	–
COST	New	Costco Wholesale Corp.	$271,882	–	505	–	0.02%	–
JCI	New	Johnson Controls Intl PLC	$272,560	–	4,000	–	0.02%	–

Q4 2022

			Value		Shares		↓ Weighting
TROW	Exit	T Rowe Price Group Inc.	$0	–	-2,166	–	-0.03%	–
COST	Exit	Costco Wholesale Corp.	$0	–	-505	–	-0.03%	–
BA	Exit	Boeing Co.	$0	–	-2,486	–	-0.03%	–
EPAM	Exit	EPAM Systems, Inc.	$0	–	-843	–	-0.03%	–
KO	Exit	Coca-Cola Co.	$0	–	-5,656	–	-0.04%	–
	Exit	Corteva Inc.	$0	–	-5,750	–	-0.04%	–
CARR	Exit	Carrier Global Corp.	$0	–	-9,488	–	-0.04%	–
NVDA	Exit	NVIDIA Corp.	$0	–	-3,037	–	-0.04%	–
ORLY	Exit	O Reilly Automotive	$0	–	-600	–	-0.05%	–
NUVA	Exit	NuVasive, Inc.	$0	–	-10,076	–	-0.05%	–
HUM	Exit	Humana, Inc.	$0	–	-1,000	–	-0.06%	–
TMUS	Exit	T-Mobile US, Inc.	$0	–	-3,685	–	-0.06%	–
MC	Exit	Moelis & Co. Class A	$0	–	-14,970	–	-0.06%	–
LULU	Exit	Lululemon Athletica, Inc.	$0	–	-1,795	–	-0.06%	–
XOM	Exit	ExxonMobil Corp.	$0	–	-5,883	–	-0.06%	–
PG	Exit	Procter & Gamble Co.	$0	–	-4,150	–	-0.06%	–
BLKB	Exit	Blackbaud, Inc.	$0	–	-12,545	–	-0.06%	–
SPY	Exit	SPDR Tr Unit Ser 1exchange-traded	$0	–	-1,600	–	-0.06%	–
IART	Exit	Integra Lifesciences Holdings	$0	–	-13,641	–	-0.06%	–
AMD	Exit	Advanced Micro Devices, Inc.	$0	–	-9,189	–	-0.07%	–
LAD	Exit	Lithia Motors, Inc.	$0	–	-3,032	–	-0.07%	–
MKTX	Exit	MarketAxess Holdings, Inc.	$0	–	-3,141	–	-0.08%	–
USB	Exit	U.S. Bancorp	$0	–	-18,412	–	-0.08%	–
EVR	Exit	Evercore, Inc.	$0	–	-9,110	–	-0.08%	–
PLNT	Exit	Planet Fitness, Inc. Class A	$0	–	-13,460	–	-0.09%	–
ENSG	Exit	Ensign Group, Inc.	$0	–	-9,909	–	-0.09%	–
FB	Exit	Meta Platforms, Inc.	$0	–	-5,817	–	-0.09%	–
IWR	Exit	iShares Tr Russell Midcapexchange-traded	$0	–	-12,840	–	-0.09%	–
BCO	Exit	The Brink's Co.	$0	–	-16,840	–	-0.09%	–
SUPN	Exit	Supernus Pharmaceuticals, Inc.	$0	–	-24,298	–	-0.09%	–
CEVA	Exit	CEVA, Inc.	$0	–	-31,967	–	-0.09%	–
VRNT	Exit	Verint Systems, Inc.	$0	–	-25,078	–	-0.10%	–
OLLI	Exit	Ollie's Bargain Outlet Holding	$0	–	-18,377	–	-0.11%	–
PLUS	Exit	ePlus, Inc.	$0	–	-23,062	–	-0.11%	–
LGIH	Exit	LGI Homes, Inc.	$0	–	-11,776	–	-0.11%	–
CCS	Exit	Century Communities, Inc.	$0	–	-23,601	–	-0.11%	–
TJX	Exit	The TJX Companies, Inc.	$0	–	-16,468	–	-0.12%	–
PRFT	Exit	Perficient, Inc.	$0	–	-16,649	–	-0.12%	–
CW	Exit	Curtiss-Wright Corp.	$0	–	-7,799	–	-0.12%	–
PTC	Exit	PTC, Inc.	$0	–	-10,796	–	-0.13%	–
ONTO	Exit	Onto Innovation, Inc.	$0	–	-17,589	–	-0.13%	–
CORT	Exit	Corcept Therapeutics, Inc.	$0	–	-46,658	–	-0.14%	–
ABBV	Exit	Abbvie Inc.	$0	–	-9,026	–	-0.14%	–
CMBM	Exit	Cambium Networks Corp.	$0	–	-72,490	–	-0.14%	–
ABTX	Exit	Allegiance Bancshares, Inc.	$0	–	-29,765	–	-0.14%	–
CIEN	Exit	Ciena Corp.	$0	–	-30,756	–	-0.14%	–
DY	Exit	Dycom Industries, Inc.	$0	–	-13,210	–	-0.14%	–
SBUX	Exit	Starbucks Corp.	$0	–	-15,319	–	-0.14%	–
HZNP	Exit	Horizon Therapeutics plc	$0	–	-21,010	–	-0.15%	–
SYNH	Exit	Syneos Health Class A	$0	–	-27,771	–	-0.15%	–
FIVE	Exit	Five Below, Inc.	$0	–	-9,716	–	-0.15%	–
UBSI	Exit	United Bankshares, Inc.	$0	–	-37,658	–	-0.15%	–
MP	Exit	MP Materials Corp.	$0	–	-50,010	–	-0.15%	–
TMO	Exit	Thermo Fisher Scientific, Inc.	$0	–	-2,849	–	-0.16%	–
POOL	Exit	Pool Corp.	$0	–	-4,826	–	-0.17%	–
PEP	Exit	PepsiCo, Inc.	$0	–	-9,454	–	-0.17%	–
AMGN	Exit	Amgen,Inc.	$0	–	-7,000	–	-0.18%	–
MED	Exit	Medifast, Inc.	$0	–	-15,093	–	-0.18%	–
MTZ	Exit	MasTec, Inc.	$0	–	-26,566	–	-0.19%	–
MGY	Exit	Magnolia Oil & Gas Corp. Cl A	$0	–	-87,252	–	-0.20%	–
PCRX	Exit	Pacira BioSciences, Inc.	$0	–	-33,002	–	-0.20%	–
PFE	Exit	Pfizer, Inc.	$0	–	-42,711	–	-0.21%	–
FN	Exit	Fabrinet	$0	–	-19,709	–	-0.21%	–
NSC	Exit	Norfolk Southern Corporation	$0	–	-9,165	–	-0.22%	–
FISV	Exit	Fiserv, Inc.	$0	–	-20,686	–	-0.22%	–
NKE	Exit	NIKE, Inc. Class B	$0	–	-23,640	–	-0.22%	–
EXLS	Exit	ExlService Holdings, Inc.	$0	–	-13,307	–	-0.22%	–
LHCG	Exit	LHC Group, Inc.	$0	–	-12,410	–	-0.23%	–
HSY	Exit	Hershey Foods Corp.	$0	–	-9,400	–	-0.23%	–
NVEE	Exit	NV5 Global, Inc.	$0	–	-16,871	–	-0.24%	–
MPWR	Exit	Monolithic Power Systems, Inc.	$0	–	-5,744	–	-0.24%	–
GLW	Exit	Corning, Inc.	$0	–	-73,052	–	-0.24%	–
BMY	Exit	Bristol-Myers Squibb Co.	$0	–	-32,826	–	-0.26%	–
MEDP	Exit	Medpace Holdings, Inc.	$0	–	-16,100	–	-0.28%	–
DIS	Exit	The Walt Disney Co.	$0	–	-27,799	–	-0.30%	–
BAC	Exit	Bank of America Corp.	$0	–	-90,850	–	-0.31%	–
JPM	Exit	JPMorgan Chase & Co.	$0	–	-35,439	–	-0.42%	–
GOOGL	Exit	Alphabet, Inc. Class A	$0	–	-45,520	–	-0.49%	–
GOOG	Exit	Alphabet, Inc. Class C	$0	–	-46,960	–	-0.51%	–
JNJ	Exit	Johnson & Johnson	$0	–	-29,567	–	-0.54%	–
MCD	Exit	McDonald's Corp.	$0	–	-25,467	–	-0.66%	–
SPGI	Exit	S&P Global, Inc.	$0	–	-25,134	–	-0.86%	–
AMZN	Exit	Amazon.com, Inc.	$0	–	-90,441	–	-1.15%	–
EOG	Exit	EOG Resources, Inc.	$0	–	-104,722	–	-1.32%	–
MCO	Exit	Moody's Corp.	$0	–	-52,051	–	-1.42%	–
ABT	Exit	Abbott Laboratories	$0	–	-134,996	–	-1.47%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-334,414	–	-1.51%	–
RF	Exit	Regions Financial Corp.	$0	–	-712,781	–	-1.61%	–
CMCSA	Exit	Comcast Corp. Class A	$0	–	-534,800	–	-1.77%	–
ACN	Exit	Accenture plc	$0	–	-61,427	–	-1.78%	–
CCI	Exit	Crown Castle, Inc.	$0	–	-109,497	–	-1.78%	–
ICE	Exit	Intercontinental Exchange, Inc	$0	–	-192,878	–	-1.96%	–
HD	Exit	The Home Depot, Inc.	$0	–	-68,152	–	-2.12%	–
IFF	Exit	Intl. Flavors & Fragrances, In	$0	–	-216,285	–	-2.21%	–
MA	Exit	Mastercard, Inc.	$0	–	-72,498	–	-2.32%	–
TXN	Exit	Texas Instruments, Inc.	$0	–	-139,818	–	-2.44%	–
TEL	Exit	TE Connectivity Ltd. Regular S	$0	–	-206,594	–	-2.57%	–
NOC	Exit	Northrop Grumman Corp.	$0	–	-49,766	–	-2.64%	–
HON	Exit	Honeywell International, Inc.	$0	–	-141,053	–	-2.65%	–
AMT	Exit	American Tower Corp.	$0	–	-110,686	–	-2.68%	–
MRK	Exit	Merck & Co., Inc.	$0	–	-276,801	–	-2.68%	–
SYK	Exit	Stryker Corp.	$0	–	-118,171	–	-2.69%	–
V	Exit	Visa, Inc. Class A	$0	–	-143,527	–	-2.87%	–
LLY	Exit	Eli Lilly & Co.	$0	–	-87,652	–	-3.19%	–
UNH	Exit	UnitedHealth Group	$0	–	-59,396	–	-3.38%	–
KLAC	Exit	KLA Corp.	$0	–	-100,836	–	-3.44%	–
ADI	Exit	Analog Devices, Inc.	$0	–	-219,073	–	-3.44%	–
LOW	Exit	Lowe's Companies, Inc.	$0	–	-163,423	–	-3.46%	–
AVGO	Exit	Broadcom, Inc.	$0	–	-74,681	–	-3.73%	–
RTX	Exit	Raytheon Technologies Corp.	$0	–	-406,685	–	-3.75%	–
COP	Exit	ConocoPhillips	$0	–	-356,545	–	-4.11%	–
MSFT	Exit	Microsoft Corp.	$0	–	-246,702	–	-6.47%	–
AAPL	Exit	Apple, Inc.	$0	–	-519,123	–	-8.08%	–

Q3 2022

			Value		Shares		↓ Weighting
AAPL	Sell	Apple, Inc.	$71,743,000	+0.6%	519,123	-0.5%	8.08%	+7.1%
MSFT	Sell	Microsoft Corp.	$57,457,000	-9.7%	246,702	-0.5%	6.47%	-3.9%
COP	Sell	ConocoPhillips	$36,489,000	+13.4%	356,545	-0.5%	4.11%	+20.7%
RTX	Sell	Raytheon Technologies Corp.	$33,291,000	-15.4%	406,685	-0.7%	3.75%	-9.9%
AVGO	Sell	Broadcom, Inc.	$33,159,000	-9.1%	74,681	-0.6%	3.73%	-3.3%
LOW	Sell	Lowe's Companies, Inc.	$30,692,000	+6.8%	163,423	-0.7%	3.46%	+13.7%
ADI	Sell	Analog Devices, Inc.	$30,526,000	-5.2%	219,073	-0.6%	3.44%	+0.9%
KLAC	Sell	KLA Corp.	$30,516,000	-5.8%	100,836	-0.7%	3.44%	+0.3%
UNH	Sell	UnitedHealth Group	$29,997,000	-2.3%	59,396	-0.6%	3.38%	+4.0%
LLY	Sell	Eli Lilly & Co.	$28,342,000	-0.6%	87,652	-0.3%	3.19%	+5.8%
V	Sell	Visa, Inc. Class A	$25,498,000	-10.6%	143,527	-0.9%	2.87%	-4.8%
SYK	Sell	Stryker Corp.	$23,934,000	+1.2%	118,171	-0.6%	2.69%	+7.8%
MRK	Sell	Merck & Co., Inc.	$23,838,000	-6.2%	276,801	-0.7%	2.68%	-0.2%
AMT	Buy	American Tower Corp.	$23,764,000	-15.4%	110,686	+0.7%	2.68%	-10.0%
HON	Sell	Honeywell International, Inc.	$23,552,000	-4.0%	141,053	-0.1%	2.65%	+2.2%
NOC	Sell	Northrop Grumman Corp.	$23,406,000	-2.4%	49,766	-0.7%	2.64%	+3.9%
TEL	Buy	TE Connectivity Ltd. Regular S	$22,800,000	-1.8%	206,594	+0.7%	2.57%	+4.6%
TXN	Sell	Texas Instruments, Inc.	$21,641,000	-0.6%	139,818	-1.3%	2.44%	+5.8%
MA	Sell	Mastercard, Inc.	$20,614,000	-10.5%	72,498	-0.7%	2.32%	-4.8%
HD	Sell	The Home Depot, Inc.	$18,806,000	+0.0%	68,152	-0.6%	2.12%	+6.5%
ICE	Sell	Intercontinental Exchange, Inc	$17,427,000	-5.7%	192,878	-1.9%	1.96%	+0.4%
CCI	Buy	Crown Castle, Inc.	$15,828,000	-13.6%	109,497	+0.7%	1.78%	-8.0%
ACN	Buy	Accenture plc	$15,805,000	-6.8%	61,427	+0.6%	1.78%	-0.8%
CMCSA	Sell	Comcast Corp. Class A	$15,686,000	-28.2%	534,800	-3.9%	1.77%	-23.6%
RF	Sell	Regions Financial Corp.	$14,306,000	+6.4%	712,781	-0.6%	1.61%	+13.2%
CSCO	Sell	Cisco Systems, Inc.	$13,377,000	-7.7%	334,414	-1.6%	1.51%	-1.7%
ABT	Sell	Abbott Laboratories	$13,062,000	-11.5%	134,996	-0.7%	1.47%	-5.8%
MCO	Sell	Moody's Corp.	$12,654,000	-12.3%	52,051	-1.8%	1.42%	-6.6%
EOG	New	EOG Resources, Inc.	$11,701,000	–	104,722	–	1.32%	–
AMZN	Sell	Amazon.com, Inc.	$10,220,000	+6.4%	90,441	-0.0%	1.15%	+13.2%
SPGI	Sell	S&P Global, Inc.	$7,675,000	-11.0%	25,134	-1.7%	0.86%	-5.3%
GOOG	Buy	Alphabet, Inc. Class C	$4,515,000	-12.1%	46,960	+1900.0%	0.51%	-6.4%
GOOGL	Buy	Alphabet, Inc. Class A	$4,354,000	-12.3%	45,520	+1899.1%	0.49%	-6.7%
JPM	Sell	JPMorgan Chase & Co.	$3,703,000	-78.1%	35,439	-76.4%	0.42%	-76.7%
DIS	Sell	The Walt Disney Co.	$2,622,000	-6.5%	27,799	-6.4%	0.30%	-0.7%
MEDP	Buy	Medpace Holdings, Inc.	$2,530,000	+7.7%	16,100	+2.5%	0.28%	+14.5%
NVEE	Buy	NV5 Global, Inc.	$2,089,000	+8.6%	16,871	+2.4%	0.24%	+15.8%
MPWR	Buy	Monolithic Power Systems, Inc.	$2,087,000	-3.1%	5,744	+2.4%	0.24%	+3.1%
LHCG	Sell	LHC Group, Inc.	$2,031,000	-15.0%	12,410	-19.1%	0.23%	-9.5%
NKE	Sell	NIKE, Inc. Class B	$1,965,000	-18.7%	23,640	-0.1%	0.22%	-13.7%
EXLS	Buy	ExlService Holdings, Inc.	$1,961,000	+2.5%	13,307	+2.5%	0.22%	+9.4%
FISV	Sell	Fiserv, Inc.	$1,936,000	+5.1%	20,686	-0.1%	0.22%	+11.8%
FN	Buy	Fabrinet	$1,881,000	+20.6%	19,709	+2.4%	0.21%	+28.5%
PCRX	Buy	Pacira BioSciences, Inc.	$1,755,000	-6.5%	33,002	+2.5%	0.20%	-0.5%
MGY	Buy	Magnolia Oil & Gas Corp. Cl A	$1,728,000	+92.0%	87,252	+103.5%	0.20%	+105.3%
MTZ	Buy	MasTec, Inc.	$1,687,000	-9.2%	26,566	+2.5%	0.19%	-3.1%
MED	Buy	Medifast, Inc.	$1,635,000	-38.8%	15,093	+1.9%	0.18%	-35.0%
POOL	Buy	Pool Corp.	$1,536,000	-8.2%	4,826	+1.3%	0.17%	-2.3%
TMO	Sell	Thermo Fisher Scientific, Inc.	$1,445,000	-6.7%	2,849	-0.1%	0.16%	-0.6%
MP	Buy	MP Materials Corp.	$1,365,000	+28.8%	50,010	+51.4%	0.15%	+37.5%
UBSI	Buy	United Bankshares, Inc.	$1,346,000	+4.4%	37,658	+2.5%	0.15%	+11.8%
FIVE	Buy	Five Below, Inc.	$1,338,000	+24.3%	9,716	+2.5%	0.15%	+32.5%
SYNH	Buy	Syneos Health Class A	$1,309,000	-32.6%	27,771	+2.4%	0.15%	-28.3%
HZNP	Buy	Horizon Therapeutics plc	$1,300,000	-20.5%	21,010	+2.4%	0.15%	-15.6%
SBUX	Sell	Starbucks Corp.	$1,291,000	+10.2%	15,319	-0.1%	0.14%	+16.9%
DY	Buy	Dycom Industries, Inc.	$1,262,000	+5.2%	13,210	+2.4%	0.14%	+11.8%
CIEN	Buy	Ciena Corp.	$1,243,000	-9.4%	30,756	+2.4%	0.14%	-3.4%
ABTX	Buy	Allegiance Bancshares, Inc.	$1,239,000	+12.9%	29,765	+2.5%	0.14%	+19.8%
CMBM	Buy	Cambium Networks Corp.	$1,227,000	+18.3%	72,490	+2.5%	0.14%	+25.5%
CORT	Buy	Corcept Therapeutics, Inc.	$1,196,000	+10.4%	46,658	+2.5%	0.14%	+17.4%
PTC	Buy	PTC, Inc.	$1,129,000	+0.7%	10,796	+2.4%	0.13%	+6.7%
ONTO	Buy	Onto Innovation, Inc.	$1,127,000	-5.8%	17,589	+2.5%	0.13%	0.0%
CW	Buy	Curtiss-Wright Corp.	$1,085,000	+7.9%	7,799	+2.4%	0.12%	+15.1%
PRFT	Buy	Perficient, Inc.	$1,083,000	-27.4%	16,649	+2.4%	0.12%	-22.8%
TJX	Sell	The TJX Companies, Inc.	$1,023,000	+11.1%	16,468	-0.1%	0.12%	+18.6%
CCS	Buy	Century Communities, Inc.	$1,010,000	-2.5%	23,601	+2.5%	0.11%	+3.6%
PLUS	Buy	ePlus, Inc.	$958,000	-19.9%	23,062	+2.4%	0.11%	-14.3%
LGIH	Buy	LGI Homes, Inc.	$958,000	-4.1%	11,776	+2.4%	0.11%	+1.9%
OLLI	Buy	Ollie's Bargain Outlet Holding	$948,000	-10.0%	18,377	+2.5%	0.11%	-3.6%
VRNT	Buy	Verint Systems, Inc.	$842,000	-18.8%	25,078	+2.5%	0.10%	-13.6%
CEVA	Buy	CEVA, Inc.	$838,000	-20.0%	31,967	+2.4%	0.09%	-15.3%
SUPN	Buy	Supernus Pharmaceuticals, Inc.	$822,000	+19.8%	24,298	+2.5%	0.09%	+27.4%
BCO	Buy	The Brink's Co.	$816,000	-18.2%	16,840	+2.5%	0.09%	-13.2%
ENSG	New	Ensign Group, Inc.	$788,000	–	9,909	–	0.09%	–
FB	Sell	Meta Platforms, Inc.	$789,000	-16.9%	5,817	-1.2%	0.09%	-11.0%
PLNT	Buy	Planet Fitness, Inc. Class A	$776,000	-13.1%	13,460	+2.5%	0.09%	-7.4%
EVR	Buy	Evercore, Inc.	$749,000	-10.1%	9,110	+2.4%	0.08%	-4.5%
MKTX	Buy	MarketAxess Holdings, Inc.	$699,000	-10.8%	3,141	+2.5%	0.08%	-4.8%
LAD	Buy	Lithia Motors, Inc.	$651,000	-19.9%	3,032	+2.4%	0.07%	-15.1%
AMD	Sell	Advanced Micro Devices, Inc.	$582,000	-17.3%	9,189	-0.1%	0.07%	-10.8%
IART	Buy	Integra Lifesciences Holdings	$578,000	-19.7%	13,641	+2.4%	0.06%	-14.5%
SPY	Sell	SPDR Tr Unit Ser 1exchange-traded	$571,000	-38.0%	1,600	-34.5%	0.06%	-34.0%
BLKB	Buy	Blackbaud, Inc.	$553,000	-22.2%	12,545	+2.4%	0.06%	-17.3%
MC	Buy	Moelis & Co. Class A	$506,000	-11.8%	14,970	+2.6%	0.06%	-6.6%
LULU	Sell	Lululemon Athletica, Inc.	$502,000	+2.4%	1,795	-0.2%	0.06%	+9.6%
TMUS	New	T-Mobile US, Inc.	$494,000	–	3,685	–	0.06%	–
NUVA	Buy	NuVasive, Inc.	$441,000	-8.9%	10,076	+2.4%	0.05%	-2.0%
NVDA	Sell	NVIDIA Corp.	$369,000	-20.0%	3,037	-0.1%	0.04%	-14.3%
EPAM	Sell	EPAM Systems, Inc.	$305,000	+22.5%	843	-0.1%	0.03%	+30.8%
BA	Sell	Boeing Co.	$301,000	-12.5%	2,486	-1.2%	0.03%	-5.6%
RXT	Exit	Rackspace Technology	$0	–	-63,901	–	-0.05%	–
NFLX	Exit	Netflix, Inc.	$0	–	-4,376	–	-0.08%	–
RH	Exit	RH	$0	–	-5,837	–	-0.13%	–

Q2 2022

			Value		Shares		↓ Weighting
AAPL	New	Apple, Inc.	$71,302,000	–	521,515	–	7.54%	–
MSFT	New	Microsoft Corp.	$63,654,000	–	247,846	–	6.73%	–
RTX	New	Raytheon Technologies Corp.	$39,359,000	–	409,522	–	4.16%	–
AVGO	New	Broadcom, Inc.	$36,495,000	–	75,121	–	3.86%	–
KLAC	New	KLA Corp.	$32,399,000	–	101,539	–	3.43%	–
ADI	New	Analog Devices, Inc.	$32,209,000	–	220,473	–	3.41%	–
COP	New	ConocoPhillips	$32,171,000	–	358,207	–	3.40%	–
UNH	New	UnitedHealth Group	$30,691,000	–	59,753	–	3.25%	–
LOW	New	Lowe's Companies, Inc.	$28,742,000	–	164,553	–	3.04%	–
V	New	Visa, Inc. Class A	$28,507,000	–	144,788	–	3.02%	–
LLY	New	Eli Lilly & Co.	$28,509,000	–	87,928	–	3.02%	–
AMT	New	American Tower Corp.	$28,099,000	–	109,938	–	2.97%	–
IFF	New	Intl. Flavors & Fragrances, In	$25,764,000	–	216,285	–	2.72%	–
MRK	New	Merck & Co., Inc.	$25,417,000	–	278,785	–	2.69%	–
HON	New	Honeywell International, Inc.	$24,530,000	–	141,129	–	2.59%	–
NOC	New	Northrop Grumman Corp.	$23,978,000	–	50,103	–	2.54%	–
SYK	New	Stryker Corp.	$23,641,000	–	118,839	–	2.50%	–
TEL	New	TE Connectivity Ltd. Regular S	$23,214,000	–	205,159	–	2.46%	–
MA	New	Mastercard, Inc.	$23,038,000	–	73,024	–	2.44%	–
CMCSA	New	Comcast Corp. Class A	$21,848,000	–	556,767	–	2.31%	–
TXN	New	Texas Instruments, Inc.	$21,767,000	–	141,666	–	2.30%	–
HD	New	The Home Depot, Inc.	$18,802,000	–	68,552	–	1.99%	–
ICE	New	Intercontinental Exchange, Inc	$18,486,000	–	196,578	–	1.96%	–
CCI	New	Crown Castle International Cor	$18,314,000	–	108,768	–	1.94%	–
ACN	New	Accenture plc	$16,955,000	–	61,067	–	1.79%	–
JPM	New	JPMorgan Chase & Co.	$16,900,000	–	150,078	–	1.79%	–
ABT	New	Abbott Laboratories	$14,765,000	–	135,895	–	1.56%	–
CSCO	New	Cisco Systems, Inc.	$14,490,000	–	339,817	–	1.53%	–
MCO	New	Moody's Corp.	$14,423,000	–	53,031	–	1.52%	–
RF	New	Regions Financial Corp.	$13,446,000	–	717,121	–	1.42%	–
AMZN	New	Amazon.com, Inc.	$9,608,000	–	90,462	–	1.02%	–
SPGI	New	S&P Global, Inc.	$8,622,000	–	25,579	–	0.91%	–
MCD	New	McDonald's Corp.	$6,287,000	–	25,467	–	0.66%	–
JNJ	New	Johnson & Johnson	$5,248,000	–	29,567	–	0.56%	–
GOOG	New	Alphabet, Inc. Class C	$5,136,000	–	2,348	–	0.54%	–
GOOGL	New	Alphabet, Inc. Class A	$4,962,000	–	2,277	–	0.52%	–
BAC	New	Bank of America Corp.	$2,828,000	–	90,850	–	0.30%	–
DIS	New	The Walt Disney Co.	$2,804,000	–	29,699	–	0.30%	–
MED	New	Medifast, Inc.	$2,673,000	–	14,810	–	0.28%	–
BMY	New	Bristol-Myers Squibb Co.	$2,528,000	–	32,826	–	0.27%	–
NKE	New	NIKE, Inc. Class B	$2,418,000	–	23,655	–	0.26%	–
LHCG	New	LHC Group, Inc.	$2,390,000	–	15,349	–	0.25%	–
MEDP	New	Medpace Holdings, Inc.	$2,350,000	–	15,703	–	0.25%	–
GLW	New	Corning, Inc.	$2,302,000	–	73,052	–	0.24%	–
PFE	New	Pfizer, Inc.	$2,239,000	–	42,711	–	0.24%	–
MPWR	New	Monolithic Power Systems, Inc.	$2,154,000	–	5,608	–	0.23%	–
NSC	New	Norfolk Southern Corporation	$2,083,000	–	9,165	–	0.22%	–
HSY	New	Hershey Foods Corp.	$2,023,000	–	9,400	–	0.21%	–
SYNH	New	Syneos Health Class A	$1,943,000	–	27,107	–	0.20%	–
NVEE	New	NV5 Global, Inc.	$1,923,000	–	16,470	–	0.20%	–
EXLS	New	ExlService Holdings, Inc.	$1,913,000	–	12,987	–	0.20%	–
PCRX	New	Pacira BioSciences, Inc.	$1,878,000	–	32,210	–	0.20%	–
MTZ	New	MasTec, Inc.	$1,858,000	–	25,929	–	0.20%	–
FISV	New	Fiserv, Inc.	$1,842,000	–	20,700	–	0.20%	–
AMGN	New	Amgen,Inc.	$1,703,000	–	7,000	–	0.18%	–
POOL	New	Pool Corp.	$1,673,000	–	4,764	–	0.18%	–
HZNP	New	Horizon Therapeutics plc	$1,636,000	–	20,510	–	0.17%	–
PEP	New	PepsiCo, Inc.	$1,576,000	–	9,454	–	0.17%	–
FN	New	Fabrinet	$1,560,000	–	19,241	–	0.16%	–
TMO	New	Thermo Fisher Scientific, Inc.	$1,549,000	–	2,852	–	0.16%	–
PRFT	New	Perficient, Inc.	$1,491,000	–	16,259	–	0.16%	–
ABBV	New	Abbvie Inc.	$1,382,000	–	9,026	–	0.15%	–
CIEN	New	Ciena Corp.	$1,372,000	–	30,024	–	0.14%	–
UBSI	New	United Bankshares, Inc.	$1,289,000	–	36,754	–	0.14%	–
RH	New	RH	$1,239,000	–	5,837	–	0.13%	–
ONTO	New	Onto Innovation, Inc.	$1,197,000	–	17,166	–	0.13%	–
DY	New	Dycom Industries, Inc.	$1,200,000	–	12,895	–	0.13%	–
PLUS	New	ePlus, Inc.	$1,196,000	–	22,519	–	0.13%	–
SBUX	New	Starbucks Corp.	$1,172,000	–	15,336	–	0.12%	–
PTC	New	PTC, Inc.	$1,121,000	–	10,539	–	0.12%	–
ABTX	New	Allegiance Bancshares, Inc.	$1,097,000	–	29,045	–	0.12%	–
CORT	New	Corcept Therapeutics, Inc.	$1,083,000	–	45,542	–	0.12%	–
FIVE	New	Five Below, Inc.	$1,076,000	–	9,483	–	0.11%	–
MP	New	MP Materials Corp.	$1,060,000	–	33,040	–	0.11%	–
CEVA	New	CEVA, Inc.	$1,047,000	–	31,205	–	0.11%	–
OLLI	New	Ollie's Bargain Outlet Holding	$1,053,000	–	17,928	–	0.11%	–
VRNT	New	Verint Systems, Inc.	$1,037,000	–	24,476	–	0.11%	–
CCS	New	Century Communities, Inc.	$1,036,000	–	23,034	–	0.11%	–
CMBM	New	Cambium Networks Corp.	$1,037,000	–	70,752	–	0.11%	–
LGIH	New	LGI Homes, Inc.	$999,000	–	11,495	–	0.11%	–
CW	New	Curtiss-Wright Corp.	$1,006,000	–	7,614	–	0.11%	–
BCO	New	The Brink's Co.	$998,000	–	16,433	–	0.11%	–
FB	New	Meta Platforms, Inc.	$949,000	–	5,888	–	0.10%	–
SPY	New	SPDR Tr Unit Ser 1exchange-traded	$921,000	–	2,441	–	0.10%	–
TJX	New	The TJX Companies, Inc.	$921,000	–	16,487	–	0.10%	–
MGY	New	Magnolia Oil & Gas Corp. Cl A	$900,000	–	42,879	–	0.10%	–
PLNT	New	Planet Fitness, Inc. Class A	$893,000	–	13,134	–	0.09%	–
USB	New	U.S. Bancorp	$847,000	–	18,412	–	0.09%	–
IWR	New	iShares Tr Russell Midcapexchange-traded	$830,000	–	12,840	–	0.09%	–
EVR	New	Evercore, Inc.	$833,000	–	8,897	–	0.09%	–
LAD	New	Lithia Motors, Inc.	$813,000	–	2,960	–	0.09%	–
MKTX	New	MarketAxess Holdings, Inc.	$784,000	–	3,063	–	0.08%	–
NFLX	New	Netflix, Inc.	$765,000	–	4,376	–	0.08%	–
IART	New	Integra Lifesciences Holdings	$720,000	–	13,317	–	0.08%	–
BLKB	New	Blackbaud, Inc.	$711,000	–	12,249	–	0.08%	–
AMD	New	Advanced Micro Devices, Inc.	$704,000	–	9,201	–	0.07%	–
SUPN	New	Supernus Pharmaceuticals, Inc.	$686,000	–	23,715	–	0.07%	–
PG	New	Procter & Gamble Co.	$597,000	–	4,150	–	0.06%	–
MC	New	Moelis & Co. Class A	$574,000	–	14,590	–	0.06%	–
XOM	New	ExxonMobil Corp.	$504,000	–	5,883	–	0.05%	–
LULU	New	Lululemon Athletica, Inc.	$490,000	–	1,798	–	0.05%	–
NUVA	New	NuVasive, Inc.	$484,000	–	9,838	–	0.05%	–
NVDA	New	NVIDIA Corp.	$461,000	–	3,040	–	0.05%	–
HUM	New	Humana, Inc.	$468,000	–	1,000	–	0.05%	–
RXT	New	Rackspace Technology	$458,000	–	63,901	–	0.05%	–
ORLY	New	O Reilly Automotive	$379,000	–	600	–	0.04%	–
KO	New	Coca-Cola Co.	$356,000	–	5,656	–	0.04%	–
BA	New	Boeing Co.	$344,000	–	2,517	–	0.04%	–
CARR	New	Carrier Global Corp.	$338,000	–	9,488	–	0.04%	–
	New	Corteva Inc.	$311,000	–	5,750	–	0.03%	–
TROW	New	T Rowe Price Group Inc.	$246,000	–	2,166	–	0.03%	–
COST	New	Costco Wholesale Corp.	$242,000	–	505	–	0.03%	–
EPAM	New	EPAM Systems, Inc.	$249,000	–	844	–	0.03%	–

Q4 2021

			Value		Shares		↓ Weighting
COST	Exit	Costco Wholesale Corp.	$0	–	-505	–	-0.02%	–
	Exit	Corteva Inc.	$0	–	-5,750	–	-0.02%	–
PYPL	Exit	PayPal Holdings Inc.	$0	–	-1,028	–	-0.03%	–
JCI	Exit	Johnson Controls Intl PLC	$0	–	-4,000	–	-0.03%	–
KO	Exit	Coca-Cola Co.	$0	–	-5,656	–	-0.03%	–
XOM	Exit	ExxonMobil Corp.	$0	–	-5,383	–	-0.03%	–
SHW	Exit	Sherwin-Williams Co.	$0	–	-1,140	–	-0.03%	–
ORLY	Exit	O Reilly Automotive	$0	–	-600	–	-0.04%	–
TROW	Exit	T Rowe Price Group Inc.	$0	–	-2,166	–	-0.04%	–
QRVO	Exit	Qorvo, Inc.	$0	–	-2,713	–	-0.05%	–
CARR	Exit	Carrier Global Corp.	$0	–	-9,488	–	-0.05%	–
NUVA	Exit	NuVasive, Inc.	$0	–	-8,984	–	-0.06%	–
TWTR	Exit	Twitter, Inc.	$0	–	-9,027	–	-0.06%	–
SUPN	Exit	Supernus Pharmaceuticals, Inc.	$0	–	-21,669	–	-0.06%	–
PG	Exit	Procter & Gamble Co.	$0	–	-4,150	–	-0.06%	–
BA	Exit	Boeing Co.	$0	–	-2,659	–	-0.06%	–
NVDA	Exit	NVIDIA Corp.	$0	–	-3,106	–	-0.07%	–
LULU	Exit	Lululemon Athletica, Inc.	$0	–	-1,839	–	-0.08%	–
BLKB	Exit	Blackbaud, Inc.	$0	–	-11,190	–	-0.08%	–
CORT	Exit	Corcept Therapeutics, Inc.	$0	–	-41,596	–	-0.08%	–
MC	Exit	Moelis & Co. Class A	$0	–	-13,259	–	-0.08%	–
RXT	Exit	Rackspace Technology	$0	–	-58,265	–	-0.08%	–
IART	Exit	Integra Lifesciences Holdings	$0	–	-12,167	–	-0.08%	–
DY	Exit	Dycom Industries, Inc.	$0	–	-11,781	–	-0.09%	–
LAD	Exit	Lithia Motors, Inc.	$0	–	-2,701	–	-0.09%	–
CW	Exit	Curtiss-Wright Corp.	$0	–	-6,959	–	-0.09%	–
PCRX	Exit	Pacira BioSciences, Inc.	$0	–	-15,769	–	-0.09%	–
PLNT	Exit	Planet Fitness, Inc. Class A	$0	–	-11,982	–	-0.10%	–
BCO	Exit	Brinks Co.	$0	–	-14,987	–	-0.10%	–
AMD	Exit	Advanced Micro Devices, Inc.	$0	–	-9,344	–	-0.10%	–
ABBV	Exit	Abbvie Inc.	$0	–	-9,026	–	-0.10%	–
OLLI	Exit	Ollie's Bargain Outlet Holding	$0	–	-16,347	–	-0.10%	–
VRNT	Exit	Verint Systems, Inc.	$0	–	-22,333	–	-0.10%	–
IWR	Exit	iShares Tr Russell Midcapexchange-traded	$0	–	-12,840	–	-0.10%	–
ABTX	Exit	Allegiance Bancshares, Inc.	$0	–	-26,502	–	-0.10%	–
PLUS	Exit	ePlus, Inc.	$0	–	-10,291	–	-0.11%	–
EVR	Exit	Evercore, Inc.	$0	–	-8,128	–	-0.11%	–
TJX	Exit	The TJX Companies, Inc.	$0	–	-17,047	–	-0.12%	–
COR	Exit	CoreSite Realty Corp.	$0	–	-8,297	–	-0.12%	–
PTC	Exit	PTC, Inc.	$0	–	-9,626	–	-0.12%	–
MKTX	Exit	MarketAxess Holdings, Inc.	$0	–	-2,798	–	-0.12%	–
CEVA	Exit	CEVA, Inc.	$0	–	-28,510	–	-0.12%	–
UBSI	Exit	United Bankshares, Inc.	$0	–	-33,528	–	-0.12%	–
KNX	Exit	Knight Swift Transportation Hl	$0	–	-25,185	–	-0.13%	–
CCS	Exit	Century Communities, Inc.	$0	–	-21,000	–	-0.13%	–
USB	Exit	U.S. Bancorp	$0	–	-22,012	–	-0.13%	–
LHCG	Exit	LHC Group, Inc.	$0	–	-8,348	–	-0.13%	–
CIEN	Exit	Ciena Corp.	$0	–	-27,419	–	-0.14%	–
PEP	Exit	PepsiCo, Inc.	$0	–	-9,454	–	-0.14%	–
AMGN	Exit	Amgen,Inc.	$0	–	-7,000	–	-0.15%	–
LGIH	Exit	LGI Homes, Inc.	$0	–	-10,505	–	-0.15%	–
NVEE	Exit	NV5 Global, Inc.	$0	–	-15,046	–	-0.15%	–
FIVE	Exit	Five Below, Inc.	$0	–	-8,654	–	-0.16%	–
HSY	Exit	Hershey Foods Corp.	$0	–	-9,400	–	-0.16%	–
TMO	Exit	Thermo Fisher Scientific, Inc.	$0	–	-2,901	–	-0.17%	–
SBUX	Exit	Starbucks Corp.	$0	–	-15,632	–	-0.18%	–
FN	Exit	Fabrinet	$0	–	-17,580	–	-0.18%	–
PFE	Exit	Pfizer, Inc.	$0	–	-42,711	–	-0.19%	–
BMY	Exit	Bristol-Myers Squibb Co.	$0	–	-32,826	–	-0.20%	–
MTZ	Exit	MasTec, Inc.	$0	–	-23,673	–	-0.21%	–
FB	Exit	Facebook, Inc. Class A	$0	–	-6,238	–	-0.22%	–
SYNH	Exit	Syneos Health Class A	$0	–	-24,731	–	-0.22%	–
NSC	Exit	Norfolk Southern Corporation	$0	–	-9,165	–	-0.22%	–
AXP	Exit	American Express Co.	$0	–	-13,601	–	-0.23%	–
FISV	Exit	Fiserv, Inc.	$0	–	-21,339	–	-0.24%	–
CMBM	Exit	Cambium Networks Corp.	$0	–	-64,560	–	-0.24%	–
MPWR	Exit	Monolithic Power Systems, Inc.	$0	–	-5,127	–	-0.25%	–
POOL	Exit	Pool Corp.	$0	–	-5,945	–	-0.26%	–
EPAM	Exit	EPAM Systems, Inc.	$0	–	-4,619	–	-0.27%	–
MED	Exit	Medifast, Inc.	$0	–	-13,823	–	-0.27%	–
GLW	Exit	Corning, Inc.	$0	–	-73,052	–	-0.27%	–
NFLX	Exit	Netflix, Inc.	$0	–	-4,429	–	-0.28%	–
MEDP	Exit	Medpace Holdings, Inc.	$0	–	-15,193	–	-0.29%	–
BRKS	Exit	Brooks Automation, Inc.	$0	–	-28,727	–	-0.30%	–
HZNP	Exit	Horizon Therapeutics plc	$0	–	-28,378	–	-0.32%	–
NKE	Exit	NIKE, Inc. Class B	$0	–	-24,444	–	-0.36%	–
RH	Exit	RH	$0	–	-5,403	–	-0.37%	–
INTC	Exit	Intel Corp.	$0	–	-68,060	–	-0.37%	–
BAC	Exit	Bank of America Corp.	$0	–	-90,850	–	-0.39%	–
JNJ	Exit	Johnson & Johnson	$0	–	-29,567	–	-0.49%	–
DIS	Exit	The Walt Disney Co.	$0	–	-29,599	–	-0.51%	–
GOOGL	Exit	Alphabet, Inc. Class A	$0	–	-2,291	–	-0.63%	–
MCD	Exit	McDonald's Corp.	$0	–	-25,467	–	-0.63%	–
GOOG	Exit	Alphabet, Inc. Class C	$0	–	-2,350	–	-0.64%	–
SPGI	Exit	S&P Global, Inc.	$0	–	-24,047	–	-1.04%	–
MRK	Exit	Merck & Co., Inc.	$0	–	-170,940	–	-1.31%	–
RF	Exit	Regions Financial Corp.	$0	–	-666,053	–	-1.45%	–
MA	Exit	Mastercard, Inc.	$0	–	-42,294	–	-1.50%	–
AMZN	Exit	Amazon.com, Inc.	$0	–	-4,534	–	-1.52%	–
ABT	Exit	Abbott Laboratories	$0	–	-126,380	–	-1.53%	–
NOC	Exit	Northrop Grumman Corp.	$0	–	-45,104	–	-1.66%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-317,391	–	-1.77%	–
CCI	Exit	Crown Castle International Cor	$0	–	-99,953	–	-1.77%	–
MCO	Exit	Moody's Corp.	$0	–	-49,444	–	-1.80%	–
ACN	Exit	Accenture plc	$0	–	-56,526	–	-1.85%	–
LLY	Exit	Eli Lilly & Co.	$0	–	-83,562	–	-1.97%	–
SWKS	Exit	Skyworks Solutions, Inc.	$0	–	-123,642	–	-2.08%	–
ICE	Exit	Intercontinental Exchange, Inc	$0	–	-181,229	–	-2.13%	–
HD	Exit	The Home Depot, Inc.	$0	–	-64,398	–	-2.16%	–
CMCSA	Exit	Comcast Corp. Class A	$0	–	-379,723	–	-2.17%	–
TXN	Exit	Texas Instruments, Inc.	$0	–	-130,262	–	-2.56%	–
TEL	Exit	TE Connectivity Ltd. Regular S	$0	–	-187,774	–	-2.64%	–
AMT	Exit	American Tower Corp.	$0	–	-101,246	–	-2.75%	–
HON	Exit	Honeywell International, Inc.	$0	–	-131,525	–	-2.86%	–
ADI	Exit	Analog Devices, Inc.	$0	–	-170,930	–	-2.93%	–
IFF	Exit	Intl. Flavors & Fragrances, In	$0	–	-216,285	–	-2.96%	–
SYK	Exit	Stryker Corp.	$0	–	-110,006	–	-2.97%	–
V	Exit	Visa, Inc. Class A	$0	–	-135,069	–	-3.08%	–
KLAC	Exit	KLA Corp.	$0	–	-94,947	–	-3.25%	–
AVGO	Exit	Broadcom, Inc.	$0	–	-66,848	–	-3.32%	–
RTX	Exit	Raytheon Technologies Corp.	$0	–	-381,135	–	-3.35%	–
LOW	Exit	Lowe's Companies, Inc.	$0	–	-167,525	–	-3.48%	–
UNH	Exit	UnitedHealth Group	$0	–	-90,634	–	-3.62%	–
JPM	Exit	JPMorgan Chase & Co.	$0	–	-255,059	–	-4.27%	–
MSFT	Exit	Microsoft Corp.	$0	–	-234,715	–	-6.77%	–
AAPL	Exit	Apple, Inc.	$0	–	-496,858	–	-7.19%	–

Q3 2021

			Value		Shares		↓ Weighting
AAPL	Buy	Apple, Inc.	$70,305,000	+3.4%	496,858	+0.1%	7.19%	+7.8%
MSFT	Buy	Microsoft Corp.	$66,171,000	+4.2%	234,715	+0.1%	6.77%	+8.6%
JPM	Buy	JPMorgan Chase & Co.	$41,751,000	+5.4%	255,059	+0.1%	4.27%	+9.9%
UNH	Buy	UnitedHealth Group	$35,414,000	-2.3%	90,634	+0.1%	3.62%	+1.9%
LOW	Buy	Lowe's Companies, Inc.	$33,984,000	+4.8%	167,525	+0.2%	3.48%	+9.2%
RTX	Buy	Raytheon Technologies Corp.	$32,762,000	+1.0%	381,135	+0.3%	3.35%	+5.3%
AVGO	Buy	Broadcom, Inc.	$32,417,000	+2.1%	66,848	+0.4%	3.32%	+6.4%
KLAC	Buy	KLA Corp.	$31,761,000	+3.4%	94,947	+0.2%	3.25%	+7.8%
V	Buy	Visa, Inc. Class A	$30,087,000	-4.6%	135,069	+0.2%	3.08%	-0.5%
SYK	Buy	Stryker Corp.	$29,011,000	+1.8%	110,006	+0.2%	2.97%	+6.1%
IFF	Sell	Intl. Flavors & Fragrances, In	$28,922,000	-22.6%	216,285	-13.5%	2.96%	-19.3%
ADI	Buy	Analog Devices, Inc.	$28,627,000	+6.4%	170,930	+9.4%	2.93%	+11.0%
HON	Buy	Honeywell International, Inc.	$27,920,000	-3.0%	131,525	+0.2%	2.86%	+1.2%
AMT	Buy	American Tower Corp.	$26,872,000	-1.6%	101,246	+0.2%	2.75%	+2.7%
TEL	Buy	TE Connectivity Ltd. Regular S	$25,766,000	+1.7%	187,774	+0.2%	2.64%	+6.1%
TXN	Buy	Texas Instruments, Inc.	$25,038,000	+0.4%	130,262	+0.4%	2.56%	+4.7%
CMCSA	Buy	Comcast Corp. Class A	$21,238,000	-0.9%	379,723	+1.0%	2.17%	+3.3%
HD	Buy	The Home Depot, Inc.	$21,139,000	+3.1%	64,398	+0.1%	2.16%	+7.4%
ICE	Buy	Intercontinental Exchange, Inc	$20,809,000	-3.1%	181,229	+0.2%	2.13%	+1.1%
SWKS	Buy	Skyworks Solutions, Inc.	$20,374,000	+72.8%	123,642	+101.1%	2.08%	+80.2%
LLY	Sell	Eli Lilly & Co.	$19,307,000	-16.4%	83,562	-17.0%	1.97%	-12.8%
ACN	Buy	Accenture plc	$18,084,000	+8.7%	56,526	+0.1%	1.85%	+13.3%
MCO	Buy	Moody's Corp.	$17,558,000	-1.8%	49,444	+0.2%	1.80%	+2.3%
CCI	Buy	Crown Castle International Cor	$17,324,000	-11.0%	99,953	+0.2%	1.77%	-7.2%
CSCO	Buy	Cisco Systems, Inc.	$17,276,000	+2.8%	317,391	+0.1%	1.77%	+7.2%
NOC	Buy	Northrop Grumman Corp.	$16,244,000	-0.6%	45,104	+0.3%	1.66%	+3.6%
ABT	Buy	Abbott Laboratories	$14,929,000	+2.0%	126,380	+0.1%	1.53%	+6.3%
AMZN	Sell	Amazon.com, Inc.	$14,894,000	-4.6%	4,534	-0.1%	1.52%	-0.5%
MA	Buy	Mastercard, Inc.	$14,705,000	-4.7%	42,294	+0.1%	1.50%	-0.6%
RF	Buy	Regions Financial Corp.	$14,194,000	+5.9%	666,053	+0.3%	1.45%	+10.4%
MRK	Buy	Merck & Co., Inc.	$12,839,000	-3.3%	170,940	+0.2%	1.31%	+0.8%
SPGI	Buy	S&P Global, Inc.	$10,217,000	+3.7%	24,047	+0.1%	1.04%	+8.1%
GOOGL	Sell	Alphabet, Inc. Class A	$6,125,000	+9.4%	2,291	-0.1%	0.63%	+14.0%
RH	Buy	RH	$3,603,000	+29.2%	5,403	+31.5%	0.37%	+34.3%
NKE	Sell	NIKE, Inc. Class B	$3,550,000	-6.1%	24,444	-0.2%	0.36%	-2.2%
HZNP	Buy	Horizon Therapeutics plc	$3,109,000	+23.5%	28,378	+5.6%	0.32%	+28.7%
BRKS	Sell	Brooks Automation, Inc.	$2,940,000	-2.3%	28,727	-9.0%	0.30%	+2.0%
MEDP	Sell	Medpace Holdings, Inc.	$2,876,000	+6.6%	15,193	-0.6%	0.29%	+10.9%
NFLX	Sell	Netflix, Inc.	$2,703,000	+15.2%	4,429	-0.3%	0.28%	+20.0%
MED	Buy	Medifast, Inc.	$2,663,000	-29.3%	13,823	+3.9%	0.27%	-26.3%
EPAM	Buy	EPAM Systems, Inc.	$2,635,000	+17.9%	4,619	+5.6%	0.27%	+22.8%
POOL	Buy	Pool Corp.	$2,583,000	-2.5%	5,945	+2.9%	0.26%	+1.5%
MPWR	Buy	Monolithic Power Systems, Inc.	$2,485,000	+36.4%	5,127	+5.1%	0.25%	+41.9%
CMBM	Buy	Cambium Networks Corp.	$2,336,000	+11.7%	64,560	+49.3%	0.24%	+16.6%
FISV	Sell	Fiserv, Inc.	$2,315,000	+1.3%	21,339	-0.2%	0.24%	+5.8%
AXP	Sell	American Express Co.	$2,279,000	-93.4%	13,601	-93.5%	0.23%	-93.1%
SYNH	Buy	Syneos Health Class A	$2,163,000	+2.8%	24,731	+5.1%	0.22%	+7.3%
FB	Sell	Facebook, Inc. Class A	$2,117,000	-2.6%	6,238	-0.2%	0.22%	+1.4%
MTZ	Buy	MasTec, Inc.	$2,043,000	-14.6%	23,673	+5.1%	0.21%	-10.7%
FN	Buy	Fabrinet	$1,802,000	+12.8%	17,580	+5.5%	0.18%	+17.2%
SBUX	Sell	Starbucks Corp.	$1,724,000	-1.7%	15,632	-0.3%	0.18%	+2.3%
TMO	Sell	Thermo Fisher Scientific, Inc.	$1,657,000	+12.9%	2,901	-0.3%	0.17%	+17.4%
FIVE	Buy	Five Below, Inc.	$1,530,000	-3.5%	8,654	+5.5%	0.16%	+0.6%
LGIH	Buy	LGI Homes, Inc.	$1,491,000	-7.5%	10,505	+5.5%	0.15%	-3.8%
NVEE	Buy	NV5 Global, Inc.	$1,483,000	+9.5%	15,046	+5.0%	0.15%	+14.3%
CIEN	Buy	Ciena Corp.	$1,408,000	-4.7%	27,419	+5.5%	0.14%	-0.7%
LHCG	Buy	LHC Group, Inc.	$1,310,000	-17.3%	8,348	+5.5%	0.13%	-13.5%
USB	Sell	U.S. Bancorp	$1,308,000	-36.7%	22,012	-39.3%	0.13%	-34.0%
CCS	Buy	Century Communities, Inc.	$1,290,000	-2.5%	21,000	+5.6%	0.13%	+1.5%
KNX	Buy	Knight Swift Transportation Hl	$1,288,000	+18.7%	25,185	+5.5%	0.13%	+24.5%
UBSI	Buy	United Bankshares, Inc.	$1,220,000	+4.8%	33,528	+5.2%	0.12%	+9.6%
CEVA	Buy	CEVA, Inc.	$1,217,000	-4.8%	28,510	+5.5%	0.12%	-0.8%
MKTX	Buy	MarketAxess Holdings, Inc.	$1,177,000	-4.2%	2,798	+5.6%	0.12%	0.0%
PTC	Buy	PTC, Inc.	$1,153,000	-11.0%	9,626	+5.0%	0.12%	-7.1%
COR	Buy	CoreSite Realty Corp.	$1,149,000	+8.5%	8,297	+5.5%	0.12%	+12.5%
TJX	Sell	The TJX Companies, Inc.	$1,125,000	-2.4%	17,047	-0.3%	0.12%	+1.8%
EVR	Buy	Evercore, Inc.	$1,086,000	+0.1%	8,128	+5.5%	0.11%	+4.7%
PLUS	Buy	ePlus, Inc.	$1,056,000	+25.0%	10,291	+5.5%	0.11%	+30.1%
ABTX	Buy	Allegiance Bancshares, Inc.	$1,011,000	+4.8%	26,502	+5.6%	0.10%	+8.4%
VRNT	Buy	Verint Systems, Inc.	$1,000,000	+4.5%	22,333	+5.1%	0.10%	+8.5%
OLLI	Buy	Ollie's Bargain Outlet Holding	$985,000	-24.6%	16,347	+5.2%	0.10%	-21.1%
AMD	Sell	Advanced Micro Devices, Inc.	$961,000	+9.2%	9,344	-0.2%	0.10%	+14.0%
BCO	Buy	Brinks Co.	$949,000	-13.3%	14,987	+5.2%	0.10%	-9.3%
PLNT	Buy	Planet Fitness, Inc. Class A	$941,000	+9.8%	11,982	+5.2%	0.10%	+14.3%
CW	Buy	Curtiss-Wright Corp.	$878,000	+12.1%	6,959	+5.5%	0.09%	+16.9%
PCRX	Buy	Pacira BioSciences, Inc.	$883,000	-3.0%	15,769	+5.2%	0.09%	+1.1%
LAD	Buy	Lithia Motors, Inc.	$856,000	-2.7%	2,701	+5.4%	0.09%	+2.3%
DY	Buy	Dycom Industries, Inc.	$839,000	+0.8%	11,781	+5.5%	0.09%	+4.9%
IART	Buy	Integra Lifesciences Holdings	$833,000	+5.8%	12,167	+5.5%	0.08%	+10.4%
RXT	Buy	Rackspace Technology	$829,000	-23.7%	58,265	+5.2%	0.08%	-20.6%
CORT	Buy	Corcept Therapeutics, Inc.	$819,000	-5.5%	41,596	+5.5%	0.08%	-1.2%
MC	Buy	Moelis & Co. Class A	$820,000	+14.7%	13,259	+5.4%	0.08%	+20.0%
BLKB	Buy	Blackbaud, Inc.	$787,000	-3.1%	11,190	+5.5%	0.08%	0.0%
LULU	Sell	Lululemon Athletica, Inc.	$744,000	+10.4%	1,839	-0.4%	0.08%	+15.2%
NVDA	Buy	NVIDIA Corp.	$643,000	+3.4%	3,106	+299.2%	0.07%	+8.2%
BA	Sell	Boeing Co.	$585,000	-8.6%	2,659	-0.5%	0.06%	-4.8%
SUPN	Buy	Supernus Pharmaceuticals, Inc.	$578,000	-9.0%	21,669	+5.0%	0.06%	-4.8%
TWTR	Sell	Twitter, Inc.	$545,000	-12.5%	9,027	-0.2%	0.06%	-8.2%
NUVA	Buy	NuVasive, Inc.	$538,000	-6.8%	8,984	+5.5%	0.06%	-3.5%
QRVO	Sell	Qorvo, Inc.	$454,000	-15.0%	2,713	-0.6%	0.05%	-11.5%
COST	New	Costco Wholesale Corp.	$227,000	–	505	–	0.02%	–
CGNT	Exit	Cognyte Software Ltd Ord Shs	$0	–	-21,163	–	-0.05%	–
FDX	Exit	FedEx Corp.	$0	–	-3,033	–	-0.09%	–
MXIM	Exit	Maxim Integrated Products, Inc	$0	–	-26,569	–	-0.27%	–
LMT	Exit	Lockheed Martin Corp.	$0	–	-27,763	–	-1.03%	–

Q2 2021

			Value		Shares		↓ Weighting
AAPL	New	Apple, Inc.	$67,994,000	–	496,452	–	6.67%	–
MSFT	New	Microsoft Corp.	$63,533,000	–	234,524	–	6.23%	–
JPM	New	JPMorgan Chase & Co.	$39,627,000	–	254,772	–	3.89%	–
IFF	New	Intl. Flavors & Fragrances, In	$37,350,000	–	250,000	–	3.66%	–
UNH	New	UnitedHealth Group	$36,244,000	–	90,511	–	3.55%	–
AXP	New	American Express Co.	$34,579,000	–	209,277	–	3.39%	–
LOW	New	Lowe's Companies, Inc.	$32,442,000	–	167,252	–	3.18%	–
RTX	New	Raytheon Technologies Corp.	$32,424,000	–	380,077	–	3.18%	–
AVGO	New	Broadcom, Inc.	$31,761,000	–	66,606	–	3.12%	–
V	New	Visa, Inc. Class A	$31,527,000	–	134,835	–	3.09%	–
KLAC	New	KLA Corp.	$30,722,000	–	94,761	–	3.01%	–
HON	New	Honeywell International, Inc.	$28,778,000	–	131,198	–	2.82%	–
SYK	New	Stryker Corp.	$28,512,000	–	109,777	–	2.80%	–
AMT	New	American Tower Corp.	$27,297,000	–	101,047	–	2.68%	–
ADI	New	Analog Devices, Inc.	$26,900,000	–	156,252	–	2.64%	–
TEL	New	TE Connectivity Ltd. Regular S	$25,330,000	–	187,339	–	2.48%	–
TXN	New	Texas Instruments, Inc.	$24,937,000	–	129,679	–	2.45%	–
LLY	New	Eli Lilly & Co.	$23,100,000	–	100,645	–	2.26%	–
ICE	New	Intercontinental Exchange, Inc	$21,467,000	–	180,847	–	2.10%	–
CMCSA	New	Comcast Corp. Class A	$21,434,000	–	375,899	–	2.10%	–
HD	New	The Home Depot, Inc.	$20,513,000	–	64,326	–	2.01%	–
CCI	New	Crown Castle International Cor	$19,461,000	–	99,751	–	1.91%	–
MCO	New	Moody's Corp.	$17,886,000	–	49,357	–	1.75%	–
CSCO	New	Cisco Systems, Inc.	$16,802,000	–	317,020	–	1.65%	–
ACN	New	Accenture plc	$16,643,000	–	56,456	–	1.63%	–
NOC	New	Northrop Grumman Corp.	$16,348,000	–	44,983	–	1.60%	–
AMZN	New	Amazon.com, Inc.	$15,611,000	–	4,538	–	1.53%	–
MA	New	Mastercard, Inc.	$15,426,000	–	42,253	–	1.51%	–
ABT	New	Abbott Laboratories	$14,632,000	–	126,210	–	1.44%	–
RF	New	Regions Financial Corp.	$13,397,000	–	663,876	–	1.31%	–
MRK	New	Merck & Co., Inc.	$13,273,000	–	170,673	–	1.30%	–
SWKS	New	Skyworks Solutions, Inc.	$11,792,000	–	61,498	–	1.16%	–
LMT	New	Lockheed Martin Corp.	$10,504,000	–	27,763	–	1.03%	–
SPGI	New	S&P Global, Inc.	$9,857,000	–	24,015	–	0.97%	–
GOOG	New	Alphabet, Inc. Class C	$5,890,000	–	2,350	–	0.58%	–
MCD	New	McDonald's Corp.	$5,883,000	–	25,467	–	0.58%	–
GOOGL	New	Alphabet, Inc. Class A	$5,601,000	–	2,294	–	0.55%	–
DIS	New	The Walt Disney Co.	$5,203,000	–	29,599	–	0.51%	–
JNJ	New	Johnson & Johnson	$4,871,000	–	29,567	–	0.48%	–
INTC	New	Intel Corp.	$3,821,000	–	68,060	–	0.38%	–
NKE	New	NIKE, Inc. Class B	$3,782,000	–	24,482	–	0.37%	–
MED	New	Medifast, Inc.	$3,765,000	–	13,305	–	0.37%	–
BAC	New	Bank of America Corp.	$3,746,000	–	90,850	–	0.37%	–
BRKS	New	Brooks Automation, Inc.	$3,008,000	–	31,568	–	0.30%	–
GLW	New	Corning, Inc.	$2,988,000	–	73,052	–	0.29%	–
MXIM	New	Maxim Integrated Products, Inc	$2,799,000	–	26,569	–	0.27%	–
RH	New	RH	$2,789,000	–	4,108	–	0.27%	–
MEDP	New	Medpace Holdings, Inc.	$2,699,000	–	15,282	–	0.26%	–
POOL	New	Pool Corp.	$2,649,000	–	5,775	–	0.26%	–
HZNP	New	Horizon Therapeutics plc	$2,517,000	–	26,884	–	0.25%	–
NSC	New	Norfolk Southern Corporation	$2,432,000	–	9,165	–	0.24%	–
MTZ	New	MasTec, Inc.	$2,391,000	–	22,534	–	0.23%	–
NFLX	New	Netflix, Inc.	$2,347,000	–	4,444	–	0.23%	–
FISV	New	Fiserv, Inc.	$2,285,000	–	21,376	–	0.22%	–
EPAM	New	EPAM Systems, Inc.	$2,235,000	–	4,374	–	0.22%	–
BMY	New	Bristol-Myers Squibb Co.	$2,193,000	–	32,826	–	0.22%	–
FB	New	Facebook, Inc. Class A	$2,174,000	–	6,252	–	0.21%	–
SYNH	New	Syneos Health Class A	$2,105,000	–	23,524	–	0.21%	–
CMBM	New	Cambium Networks Corp.	$2,091,000	–	43,256	–	0.20%	–
USB	New	U.S. Bancorp	$2,066,000	–	36,259	–	0.20%	–
MPWR	New	Monolithic Power Systems, Inc.	$1,822,000	–	4,878	–	0.18%	–
SBUX	New	Starbucks Corp.	$1,753,000	–	15,677	–	0.17%	–
AMGN	New	Amgen,Inc.	$1,706,000	–	7,000	–	0.17%	–
PFE	New	Pfizer, Inc.	$1,673,000	–	42,711	–	0.16%	–
HSY	New	Hershey Foods Corp.	$1,637,000	–	9,400	–	0.16%	–
LGIH	New	LGI Homes, Inc.	$1,612,000	–	9,956	–	0.16%	–
FN	New	Fabrinet	$1,598,000	–	16,668	–	0.16%	–
LHCG	New	LHC Group, Inc.	$1,584,000	–	7,912	–	0.16%	–
FIVE	New	Five Below, Inc.	$1,585,000	–	8,201	–	0.16%	–
CIEN	New	Ciena Corp.	$1,478,000	–	25,986	–	0.14%	–
TMO	New	Thermo Fisher Scientific, Inc.	$1,468,000	–	2,910	–	0.14%	–
PEP	New	PepsiCo, Inc.	$1,401,000	–	9,454	–	0.14%	–
NVEE	New	NV5 Global, Inc.	$1,354,000	–	14,325	–	0.13%	–
CCS	New	Century Communities, Inc.	$1,323,000	–	19,880	–	0.13%	–
OLLI	New	Ollie's Bargain Outlet Holding	$1,307,000	–	15,537	–	0.13%	–
PTC	New	PTC, Inc.	$1,295,000	–	9,164	–	0.13%	–
CEVA	New	CEVA, Inc.	$1,279,000	–	27,033	–	0.12%	–
MKTX	New	MarketAxess Holdings, Inc.	$1,228,000	–	2,649	–	0.12%	–
UBSI	New	United Bankshares, Inc.	$1,164,000	–	31,882	–	0.11%	–
TJX	New	The TJX Companies, Inc.	$1,153,000	–	17,096	–	0.11%	–
RXT	New	Rackspace Technology	$1,087,000	–	55,408	–	0.11%	–
BCO	New	Brinks Co.	$1,095,000	–	14,252	–	0.11%	–
EVR	New	Evercore, Inc.	$1,085,000	–	7,705	–	0.11%	–
KNX	New	Knight Swift Transportation Hl	$1,085,000	–	23,875	–	0.11%	–
COR	New	CoreSite Realty Corp.	$1,059,000	–	7,867	–	0.10%	–
ABBV	New	Abbvie Inc.	$1,017,000	–	9,026	–	0.10%	–
IWR	New	iShares Tr Russell Midcapexchange-traded	$1,017,000	–	12,840	–	0.10%	–
ABTX	New	Allegiance Bancshares, Inc.	$965,000	–	25,103	–	0.10%	–
VRNT	New	Verint Systems, Inc.	$957,000	–	21,240	–	0.09%	–
FDX	New	FedEx Corp.	$905,000	–	3,033	–	0.09%	–
PCRX	New	Pacira BioSciences, Inc.	$910,000	–	14,992	–	0.09%	–
LAD	New	Lithia Motors, Inc.	$880,000	–	2,562	–	0.09%	–
AMD	New	Advanced Micro Devices, Inc.	$880,000	–	9,366	–	0.09%	–
CORT	New	Corcept Therapeutics, Inc.	$867,000	–	39,419	–	0.08%	–
PLNT	New	Planet Fitness, Inc. Class A	$857,000	–	11,390	–	0.08%	–
PLUS	New	ePlus, Inc.	$845,000	–	9,752	–	0.08%	–
DY	New	Dycom Industries, Inc.	$832,000	–	11,168	–	0.08%	–
BLKB	New	Blackbaud, Inc.	$812,000	–	10,610	–	0.08%	–
IART	New	Integra Lifesciences Holdings	$787,000	–	11,533	–	0.08%	–
CW	New	Curtiss-Wright Corp.	$783,000	–	6,597	–	0.08%	–
MC	New	Moelis & Co. Class A	$715,000	–	12,576	–	0.07%	–
LULU	New	Lululemon Athletica, Inc.	$674,000	–	1,846	–	0.07%	–
BA	New	Boeing Co.	$640,000	–	2,672	–	0.06%	–
SUPN	New	Supernus Pharmaceuticals, Inc.	$635,000	–	20,639	–	0.06%	–
TWTR	New	Twitter, Inc.	$623,000	–	9,047	–	0.06%	–
NVDA	New	NVIDIA Corp.	$622,000	–	778	–	0.06%	–
NUVA	New	NuVasive, Inc.	$577,000	–	8,517	–	0.06%	–
PG	New	Procter & Gamble Co.	$560,000	–	4,150	–	0.06%	–
QRVO	New	Qorvo, Inc.	$534,000	–	2,730	–	0.05%	–
CGNT	New	Cognyte Software Ltd Ord Shs	$518,000	–	21,163	–	0.05%	–
CARR	New	Carrier Global Corp.	$461,000	–	9,488	–	0.04%	–
TROW	New	T Rowe Price Group Inc.	$429,000	–	2,166	–	0.04%	–
XOM	New	ExxonMobil Corp.	$340,000	–	5,383	–	0.03%	–
ORLY	New	O Reilly Automotive	$340,000	–	600	–	0.03%	–
KO	New	Coca-Cola Co.	$306,000	–	5,656	–	0.03%	–
SHW	New	Sherwin-Williams Co.	$311,000	–	1,140	–	0.03%	–
PYPL	New	PayPal Holdings Inc.	$300,000	–	1,028	–	0.03%	–
JCI	New	Johnson Controls Intl PLC	$275,000	–	4,000	–	0.03%	–
	New	Corteva Inc.	$255,000	–	5,750	–	0.02%	–

Q4 2020

			Value		Shares		↓ Weighting
ORLY	Exit	O Reilly Automotive	$0	–	-600	–	-0.04%	–
UBSI	Exit	United Bankshares, Inc.	$0	–	-15,428	–	-0.04%	–
CVX	Exit	Chevron Corp.	$0	–	-4,700	–	-0.04%	–
NUVA	Exit	NuVasive, Inc.	$0	–	-7,110	–	-0.04%	–
SUPN	Exit	Supernus Pharmaceuticals, Inc.	$0	–	-17,219	–	-0.05%	–
MC	Exit	Moelis & Co. Class A	$0	–	-10,313	–	-0.05%	–
MMM	Exit	3M Co.	$0	–	-2,300	–	-0.05%	–
EGRX	Exit	Eagle Pharmaceuticals, Inc.	$0	–	-9,821	–	-0.05%	–
EVR	Exit	Evercore, Inc.	$0	–	-6,459	–	-0.05%	–
IART	Exit	Integra Lifesciences Holdings	$0	–	-9,662	–	-0.06%	–
LAD	Exit	Lithia Motors, Inc.	$0	–	-2,137	–	-0.06%	–
ABTX	Exit	Allegiance Bancshares, Inc.	$0	–	-20,915	–	-0.06%	–
DY	Exit	Dycom Industries, Inc.	$0	–	-9,354	–	-0.06%	–
BLKB	Exit	Blackbaud, Inc.	$0	–	-8,896	–	-0.06%	–
CW	Exit	Curtiss-Wright Corp.	$0	–	-5,529	–	-0.07%	–
QRVO	Exit	Qorvo, Inc.	$0	–	-3,965	–	-0.07%	–
CARR	Exit	Carrier Global Corp.	$0	–	-17,904	–	-0.07%	–
OTIS	Exit	Otis Worldwide Corp.	$0	–	-8,952	–	-0.07%	–
CORT	Exit	Corcept Therapeutics, Inc.	$0	–	-32,955	–	-0.07%	–
PLNT	Exit	Planet Fitness, Inc. Class A	$0	–	-9,448	–	-0.08%	–
CONE	Exit	CyrusOne, Inc.	$0	–	-8,444	–	-0.08%	–
PLUS	Exit	ePlus, Inc.	$0	–	-8,173	–	-0.08%	–
CMD	Exit	Cantel Medical Corp.	$0	–	-13,654	–	-0.08%	–
NVEE	Exit	NV5 Global, Inc.	$0	–	-11,932	–	-0.08%	–
USB	Exit	U.S. Bancorp	$0	–	-17,509	–	-0.08%	–
PTC	Exit	PTC, Inc.	$0	–	-7,636	–	-0.08%	–
BA	Exit	Boeing Co.	$0	–	-3,811	–	-0.08%	–
BEAT	Exit	BioTelemetry, Inc.	$0	–	-14,046	–	-0.08%	–
CCS	Exit	Century Communities, Inc.	$0	–	-16,565	–	-0.09%	–
CL	Exit	Colgate-Palmolive Co.	$0	–	-9,110	–	-0.09%	–
HAS	Exit	Hasbro Inc.	$0	–	-8,530	–	-0.09%	–
IWR	Exit	iShares Tr Russell Midcapexchange-traded	$0	–	-12,840	–	-0.10%	–
COR	Exit	CoreSite Realty Corp.	$0	–	-6,590	–	-0.10%	–
MTZ	Exit	MasTec, Inc.	$0	–	-18,769	–	-0.10%	–
KNX	Exit	Knight Swift Transportation Hl	$0	–	-19,971	–	-0.10%	–
TROW	Exit	T Rowe Price Group Inc.	$0	–	-6,500	–	-0.11%	–
TFC	Exit	Truist Financial Corp.	$0	–	-22,240	–	-0.11%	–
VRNT	Exit	Verint Systems, Inc.	$0	–	-17,633	–	-0.11%	–
CIEN	Exit	Ciena Corp.	$0	–	-21,744	–	-0.11%	–
FIVE	Exit	Five Below, Inc.	$0	–	-6,844	–	-0.11%	–
LULU	Exit	Lululemon Athletica, Inc.	$0	–	-2,641	–	-0.11%	–
FN	Exit	Fabrinet	$0	–	-13,961	–	-0.11%	–
CEVA	Exit	CEVA, Inc.	$0	–	-22,653	–	-0.11%	–
AMD	Exit	Advanced Micro Devices, Inc.	$0	–	-11,581	–	-0.12%	–
BRKA	Exit	Berkshire Hathaway Inc. Class	$0	–	-3	–	-0.12%	–
LGIH	Exit	LGI Homes, Inc.	$0	–	-8,339	–	-0.12%	–
FDX	Exit	FedEx Corp.	$0	–	-3,908	–	-0.13%	–
SYNH	Exit	Syneos Health Class A	$0	–	-19,540	–	-0.13%	–
MKTX	Exit	MarketAxess Holdings, Inc.	$0	–	-2,207	–	-0.14%	–
OLLI	Exit	Ollie's Bargain Outlet Holding	$0	–	-12,868	–	-0.14%	–
MPWR	Exit	Monolithic Power Systems, Inc.	$0	–	-4,067	–	-0.15%	–
EPAM	Exit	EPAM Systems, Inc.	$0	–	-3,646	–	-0.15%	–
TJX	Exit	The TJX Companies, Inc.	$0	–	-21,766	–	-0.16%	–
BRKS	Exit	Brooks Automation, Inc.	$0	–	-26,428	–	-0.16%	–
PG	Exit	Procter & Gamble Co.	$0	–	-9,158	–	-0.16%	–
RH	Exit	RH	$0	–	-3,401	–	-0.17%	–
HSY	Exit	Hershey Foods Corp.	$0	–	-9,400	–	-0.17%	–
MEDP	Exit	Medpace Holdings, Inc.	$0	–	-12,265	–	-0.18%	–
MED	Exit	Medifast, Inc.	$0	–	-8,533	–	-0.18%	–
LHCG	Exit	LHC Group, Inc.	$0	–	-6,616	–	-0.18%	–
ABBV	Exit	Abbvie Inc.	$0	–	-17,348	–	-0.20%	–
PFE	Exit	Pfizer Inc.	$0	–	-42,711	–	-0.20%	–
KO	Exit	Coca-Cola Co.	$0	–	-32,101	–	-0.20%	–
SBUX	Exit	Starbucks Corp.	$0	–	-20,030	–	-0.22%	–
HZNP	Exit	Horizon Therapeutics plc	$0	–	-22,445	–	-0.22%	–
AMGN	Exit	Amgen Inc.	$0	–	-7,000	–	-0.23%	–
NSC	Exit	Norfolk Southern Corporation	$0	–	-9,165	–	-0.25%	–
FB	Exit	Facebook, Inc. Class A	$0	–	-7,792	–	-0.26%	–
BAC	Exit	Bank of America Corporation	$0	–	-90,850	–	-0.28%	–
MXIM	Exit	Maxim Integrated Products, Inc	$0	–	-33,834	–	-0.29%	–
TMO	Exit	Thermo Fisher Scientific, Inc.	$0	–	-5,208	–	-0.30%	–
GLW	Exit	Corning, Inc.	$0	–	-73,052	–	-0.30%	–
POOL	Exit	Pool Corp.	$0	–	-7,524	–	-0.32%	–
FISV	Exit	Fiserv, Inc.	$0	–	-24,977	–	-0.33%	–
NFLX	Exit	Netflix, Inc.	$0	–	-5,298	–	-0.34%	–
PEP	Exit	PepsiCo, Inc.	$0	–	-22,489	–	-0.40%	–
INTC	Exit	Intel Corporation	$0	–	-68,060	–	-0.45%	–
GOOG	Exit	Alphabet Inc. Class C	$0	–	-2,441	–	-0.46%	–
GOOGL	Exit	Alphabet, Inc. Class A	$0	–	-2,627	–	-0.49%	–
DIS	Exit	The Walt Disney Co.	$0	–	-34,199	–	-0.54%	–
JNJ	Exit	Johnson & Johnson	$0	–	-30,235	–	-0.58%	–
NKE	Exit	NIKE, Inc. Class B	$0	–	-36,831	–	-0.59%	–
MCD	Exit	McDonald's Corporation	$0	–	-27,699	–	-0.78%	–
SPGI	Exit	S&P Global, Inc.	$0	–	-23,076	–	-1.07%	–
AXP	Exit	American Express Co.	$0	–	-88,482	–	-1.14%	–
BDX	Exit	Becton, Dickinson & Co.	$0	–	-52,870	–	-1.58%	–
BMY	Exit	Bristol-Myers Squibb Co.	$0	–	-208,713	–	-1.61%	–
HON	Exit	Honeywell International, Inc.	$0	–	-80,494	–	-1.70%	–
CSCO	Exit	Cisco Systems, Inc.	$0	–	-338,522	–	-1.71%	–
NOC	Exit	Northrop Grumman Corp.	$0	–	-42,433	–	-1.72%	–
MCO	Exit	Moody's Corp.	$0	–	-46,263	–	-1.72%	–
MRK	Exit	Merck & Co., Inc.	$0	–	-169,383	–	-1.80%	–
MA	Exit	Mastercard, Inc.	$0	–	-42,187	–	-1.83%	–
LLY	Exit	Eli Lilly & Co.	$0	–	-96,950	–	-1.84%	–
AMZN	Exit	Amazon.com, Inc.	$0	–	-4,771	–	-1.93%	–
CCI	Exit	Crown Castle International Cor	$0	–	-90,907	–	-1.94%	–
ICE	Exit	Intercontinental Exchange, Inc	$0	–	-164,541	–	-2.11%	–
RTX	Exit	Raytheon Technologies Corp.	$0	–	-293,930	–	-2.17%	–
LMT	Exit	Lockheed Martin Corp.	$0	–	-44,403	–	-2.18%	–
TEL	Exit	TE Connectivity Ltd. Regular S	$0	–	-175,125	–	-2.20%	–
ADI	Exit	Analog Devices, Inc.	$0	–	-153,115	–	-2.29%	–
KLAC	Exit	KLA Corp.	$0	–	-92,678	–	-2.30%	–
TXN	Exit	Texas Instruments, Inc.	$0	–	-128,420	–	-2.35%	–
ACN	Exit	Accenture plc	$0	–	-90,034	–	-2.61%	–
SYK	Exit	Stryker Corp.	$0	–	-101,984	–	-2.73%	–
HD	Exit	The Home Depot, Inc.	$0	–	-81,549	–	-2.90%	–
AVGO	Exit	Broadcom, Inc.	$0	–	-62,182	–	-2.91%	–
AMT	Exit	American Tower Corp.	$0	–	-98,477	–	-3.05%	–
JPM	Exit	JPMorgan Chase & Co.	$0	–	-247,998	–	-3.06%	–
ABT	Exit	Abbott Laboratories	$0	–	-220,187	–	-3.07%	–
V	Exit	Visa, Inc. Class A	$0	–	-134,433	–	-3.45%	–
UNH	Exit	UnitedHealth Group	$0	–	-86,822	–	-3.47%	–
LOW	Exit	Lowe's Companies, Inc.	$0	–	-163,652	–	-3.48%	–
IFF	Exit	Intl. Flavors & Fragrances Inc	$0	–	-250,000	–	-3.93%	–
MSFT	Exit	Microsoft Corp.	$0	–	-245,038	–	-6.61%	–
AAPL	Exit	Apple, Inc.	$0	–	-496,641	–	-7.38%	–

Q3 2020

			Value		Shares		↓ Weighting
AAPL	Buy	Apple, Inc.	$57,516,000	+27.6%	496,641	+301.9%	7.38%	+19.0%
MSFT	Buy	Microsoft Corp.	$51,539,000	+3.6%	245,038	+0.3%	6.61%	-3.3%
LOW	Buy	Lowe's Companies, Inc.	$27,143,000	+23.6%	163,652	+0.7%	3.48%	+15.3%
UNH	Buy	UnitedHealth Group	$27,069,000	+6.3%	86,822	+0.6%	3.47%	-0.9%
V	Buy	Visa, Inc. Class A	$26,883,000	+4.1%	134,433	+0.6%	3.45%	-2.9%
ABT	Buy	Abbott Laboratories	$23,963,000	+19.6%	220,187	+0.5%	3.07%	+11.6%
JPM	Buy	JPMorgan Chase & Co.	$23,875,000	+2.7%	247,998	+0.4%	3.06%	-4.2%
AMT	Buy	American Tower Corp.	$23,805,000	-5.7%	98,477	+0.8%	3.05%	-12.1%
AVGO	Buy	Broadcom, Inc.	$22,654,000	+122.7%	62,182	+92.9%	2.91%	+107.7%
HD	Buy	The Home Depot, Inc.	$22,647,000	+11.5%	81,549	+0.6%	2.90%	+4.0%
SYK	Buy	Stryker Corp.	$21,250,000	+16.0%	101,984	+0.4%	2.73%	+8.2%
ACN	Buy	Accenture plc	$20,347,000	+5.9%	90,034	+0.6%	2.61%	-1.2%
TXN	Sell	Texas Instruments, Inc.	$18,337,000	+12.4%	128,420	-0.1%	2.35%	+4.8%
KLAC	Buy	KLA Corp.	$17,955,000	+0.2%	92,678	+0.6%	2.30%	-6.5%
ADI	Buy	Analog Devices, Inc.	$17,875,000	-4.4%	153,115	+0.5%	2.29%	-10.8%
TEL	Buy	TE Connectivity Ltd. Regular S	$17,117,000	+20.1%	175,125	+0.2%	2.20%	+12.0%
LMT	Buy	Lockheed Martin Corp.	$17,019,000	+5.6%	44,403	+0.6%	2.18%	-1.5%
RTX	Buy	Raytheon Technologies Corp.	$16,913,000	-6.1%	293,930	+0.6%	2.17%	-12.4%
ICE	Buy	Intercontinental Exchange, Inc	$16,462,000	+9.6%	164,541	+0.4%	2.11%	+2.2%
CCI	Buy	Crown Castle International Cor	$15,136,000	+0.3%	90,907	+0.8%	1.94%	-6.5%
AMZN	Sell	Amazon.com, Inc.	$15,023,000	+14.0%	4,771	-0.1%	1.93%	+6.3%
LLY	Buy	Eli Lilly & Co.	$14,351,000	-9.7%	96,950	+0.2%	1.84%	-15.8%
MA	Buy	Mastercard, Inc.	$14,266,000	+14.9%	42,187	+0.5%	1.83%	+7.2%
MRK	Buy	Merck & Co., Inc.	$14,050,000	+7.8%	169,383	+0.5%	1.80%	+0.6%
MCO	Buy	Moody's Corp.	$13,409,000	+6.5%	46,263	+0.9%	1.72%	-0.7%
NOC	Buy	Northrop Grumman Corp.	$13,387,000	+4.1%	42,433	+1.4%	1.72%	-2.9%
CSCO	Sell	Cisco Systems, Inc.	$13,334,000	-42.7%	338,522	-32.1%	1.71%	-46.6%
HON	Buy	Honeywell International, Inc.	$13,250,000	+14.6%	80,494	+0.7%	1.70%	+6.9%
BMY	Buy	Bristol-Myers Squibb Co.	$12,583,000	+3.3%	208,713	+0.7%	1.61%	-3.7%
BDX	Buy	Becton, Dickinson & Co.	$12,302,000	-2.4%	52,870	+0.4%	1.58%	-8.9%
AXP	New	American Express Co.	$8,870,000	–	88,482	–	1.14%	–
SPGI	Buy	S&P Global, Inc.	$8,321,000	+10.3%	23,076	+0.8%	1.07%	+2.8%
MCD	Sell	McDonald's Corporation	$6,080,000	+18.5%	27,699	-0.4%	0.78%	+10.5%
NKE	Sell	NIKE, Inc. Class B	$4,624,000	+27.0%	36,831	-0.8%	0.59%	+18.4%
JNJ	Sell	Johnson & Johnson	$4,501,000	+5.1%	30,235	-0.7%	0.58%	-2.0%
GOOGL	Sell	Alphabet, Inc. Class A	$3,850,000	+3.0%	2,627	-0.3%	0.49%	-3.9%
INTC	Sell	Intel Corporation	$3,524,000	-14.2%	68,060	-0.9%	0.45%	-20.0%
PEP	Sell	PepsiCo, Inc.	$3,117,000	+4.6%	22,489	-0.2%	0.40%	-2.4%
NFLX	Sell	Netflix, Inc.	$2,649,000	+9.7%	5,298	-0.1%	0.34%	+2.4%
FISV	Sell	Fiserv, Inc.	$2,574,000	+3.0%	24,977	-2.4%	0.33%	-4.1%
POOL	Buy	Pool Corp.	$2,517,000	+23.9%	7,524	+0.7%	0.32%	+15.8%
TMO	Sell	Thermo Fisher Scientific, Inc.	$2,299,000	+20.9%	5,208	-0.8%	0.30%	+12.6%
MXIM	Sell	Maxim Integrated Products, Inc	$2,288,000	-83.9%	33,834	-85.6%	0.29%	-85.0%
FB	Sell	Facebook, Inc. Class A	$2,041,000	+14.6%	7,792	-0.6%	0.26%	+6.9%
HZNP	Sell	Horizon Therapeutics plc	$1,744,000	-0.2%	22,445	-28.6%	0.22%	-6.7%
SBUX	Sell	Starbucks Corp.	$1,721,000	+14.6%	20,030	-1.9%	0.22%	+6.8%
KO	Sell	Coca-Cola Co.	$1,585,000	+8.5%	32,101	-1.9%	0.20%	+1.0%
MED	Buy	Medifast, Inc.	$1,403,000	+20.8%	8,533	+2.0%	0.18%	+12.5%
LHCG	Buy	LHC Group, Inc.	$1,406,000	+24.1%	6,616	+1.8%	0.18%	+15.4%
MEDP	Buy	Medpace Holdings, Inc.	$1,371,000	+23.3%	12,265	+2.6%	0.18%	+15.0%
RH	Buy	RH	$1,301,000	+56.7%	3,401	+2.0%	0.17%	+46.5%
PG	Sell	Procter & Gamble Co.	$1,273,000	+12.2%	9,158	-3.5%	0.16%	+4.5%
BRKS	Buy	Brooks Automation, Inc.	$1,223,000	+6.5%	26,428	+1.8%	0.16%	-0.6%
TJX	Sell	The TJX Companies, Inc.	$1,211,000	+7.5%	21,766	-2.4%	0.16%	0.0%
EPAM	Sell	EPAM Systems, Inc.	$1,179,000	-29.5%	3,646	-45.0%	0.15%	-34.3%
MPWR	Buy	Monolithic Power Systems, Inc.	$1,137,000	+19.9%	4,067	+1.7%	0.15%	+12.3%
OLLI	Buy	Ollie's Bargain Outlet Holding	$1,124,000	-8.8%	12,868	+2.0%	0.14%	-14.8%
MKTX	Buy	MarketAxess Holdings, Inc.	$1,063,000	-1.9%	2,207	+2.0%	0.14%	-8.7%
SYNH	Buy	Syneos Health Class A	$1,039,000	+61.3%	19,540	+76.8%	0.13%	+49.4%
FDX	Sell	FedEx Corp.	$983,000	+67.5%	3,908	-6.7%	0.13%	+55.6%
LGIH	Buy	LGI Homes, Inc.	$969,000	+34.4%	8,339	+1.8%	0.12%	+25.3%
AMD	New	Advanced Micro Devices, Inc.	$950,000	–	11,581	–	0.12%	–
CEVA	Buy	CEVA, Inc.	$892,000	+7.2%	22,653	+1.8%	0.11%	0.0%
FN	Buy	Fabrinet	$880,000	+2.8%	13,961	+1.8%	0.11%	-4.2%
LULU	Sell	Lululemon Athletica, Inc.	$870,000	+4.7%	2,641	-0.8%	0.11%	-1.8%
FIVE	Buy	Five Below, Inc.	$869,000	+21.0%	6,844	+1.9%	0.11%	+12.1%
CIEN	Buy	Ciena Corp.	$863,000	-25.3%	21,744	+1.8%	0.11%	-30.2%
VRNT	Buy	Verint Systems, Inc.	$850,000	+127.9%	17,633	+113.6%	0.11%	+113.7%
TFC	Sell	Truist Financial Corp.	$846,000	+0.2%	22,240	-1.1%	0.11%	-6.0%
KNX	Buy	Knight Swift Transportation Hl	$813,000	-0.6%	19,971	+1.9%	0.10%	-8.0%
MTZ	Buy	MasTec, Inc.	$792,000	-4.1%	18,769	+1.9%	0.10%	-10.5%
COR	Buy	CoreSite Realty Corp.	$783,000	-0.1%	6,590	+1.8%	0.10%	-7.4%
CCS	Buy	Century Communities, Inc.	$701,000	+40.8%	16,565	+2.0%	0.09%	+30.4%
CL	Sell	Colgate-Palmolive Co.	$703,000	+2.5%	9,110	-2.7%	0.09%	-4.3%
BEAT	Buy	BioTelemetry, Inc.	$640,000	+2.7%	14,046	+1.8%	0.08%	-4.7%
BA	Sell	Boeing Co.	$630,000	-10.0%	3,811	-0.3%	0.08%	-15.6%
NVEE	Buy	NV5 Global, Inc.	$630,000	+5.7%	11,932	+1.8%	0.08%	-1.2%
PTC	Buy	PTC, Inc.	$632,000	+8.4%	7,636	+1.9%	0.08%	+1.2%
USB	Sell	U.S. Bancorp	$628,000	-3.5%	17,509	-1.0%	0.08%	-10.0%
PLUS	Buy	ePlus, Inc.	$598,000	+5.3%	8,173	+1.8%	0.08%	-1.3%
CMD	Buy	Cantel Medical Corp.	$600,000	+1.4%	13,654	+2.0%	0.08%	-4.9%
CONE	Buy	CyrusOne, Inc.	$591,000	-2.0%	8,444	+1.8%	0.08%	-8.4%
PLNT	Buy	Planet Fitness, Inc. Class A	$582,000	+3.7%	9,448	+2.0%	0.08%	-2.6%
CORT	Buy	Corcept Therapeutics, Inc.	$574,000	+5.5%	32,955	+1.9%	0.07%	-1.3%
QRVO	Sell	Qorvo, Inc.	$512,000	+15.1%	3,965	-1.4%	0.07%	+8.2%
CW	Buy	Curtiss-Wright Corp.	$516,000	+6.4%	5,529	+1.8%	0.07%	-1.5%
BLKB	Buy	Blackbaud, Inc.	$497,000	-0.4%	8,896	+1.8%	0.06%	-7.2%
ABTX	Buy	Allegiance Bancshares, Inc.	$489,000	-6.1%	20,915	+1.9%	0.06%	-12.5%
DY	Buy	Dycom Industries, Inc.	$494,000	+31.4%	9,354	+1.8%	0.06%	+21.2%
LAD	New	Lithia Motors, Inc.	$487,000	–	2,137	–	0.06%	–
IART	Buy	Integra Lifesciences Holdings	$456,000	+2.2%	9,662	+1.8%	0.06%	-4.9%
EVR	Buy	Evercore, Inc.	$423,000	+13.1%	6,459	+1.8%	0.05%	+5.9%
EGRX	Buy	Eagle Pharmaceuticals, Inc.	$417,000	-9.9%	9,821	+1.8%	0.05%	-17.2%
MMM	Sell	3M Co.	$368,000	-0.3%	2,300	-2.7%	0.05%	-7.8%
MC	Buy	Moelis & Co. Class A	$362,000	+14.9%	10,313	+2.1%	0.05%	+7.0%
SUPN	Buy	Supernus Pharmaceuticals, Inc.	$359,000	-10.7%	17,219	+1.8%	0.05%	-16.4%
NUVA	Buy	NuVasive, Inc.	$345,000	-11.1%	7,110	+2.0%	0.04%	-17.0%
CVX	Sell	Chevron Corp.	$338,000	-21.2%	4,700	-2.3%	0.04%	-27.1%
UBSI	Buy	United Bankshares, Inc.	$331,000	-20.8%	15,428	+2.0%	0.04%	-26.3%
XOM	Exit	ExxonMobil Corp.	$0	–	-5,479	–	-0.03%	–
VRTU	Exit	Virtusa Corp.	$0	–	-10,329	–	-0.05%	–
GS	Exit	The Goldman Sachs Group, Inc.	$0	–	-2,912	–	-0.08%	–

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp.	$49,727,000	–	244,342	–	6.84%	–
AAPL	New	Apple, Inc.	$45,080,000	–	123,575	–	6.20%	–
IFF	New	Intl. Flavors & Fragrances Inc	$30,615,000	–	250,000	–	4.21%	–
V	New	Visa, Inc. Class A	$25,822,000	–	133,677	–	3.55%	–
UNH	New	UnitedHealth Group	$25,460,000	–	86,321	–	3.50%	–
AMT	New	American Tower Corp.	$25,256,000	–	97,687	–	3.47%	–
CSCO	New	Cisco Systems, Inc.	$23,268,000	–	498,899	–	3.20%	–
JPM	New	JPMorgan Chase & Co.	$23,244,000	–	247,117	–	3.20%	–
LOW	New	Lowe's Companies, Inc.	$21,961,000	–	162,531	–	3.02%	–
HD	New	The Home Depot, Inc.	$20,304,000	–	81,051	–	2.79%	–
ABT	New	Abbott Laboratories	$20,032,000	–	219,092	–	2.76%	–
ACN	New	Accenture plc	$19,214,000	–	89,487	–	2.64%	–
ADI	New	Analog Devices, Inc.	$18,689,000	–	152,389	–	2.57%	–
SYK	New	Stryker Corp.	$18,312,000	–	101,625	–	2.52%	–
RTX	New	Raytheon Technologies Corp.	$18,013,000	–	292,316	–	2.48%	–
KLAC	New	KLA Corp.	$17,914,000	–	92,108	–	2.46%	–
TXN	New	Texas Instruments, Inc.	$16,317,000	–	128,514	–	2.24%	–
LMT	New	Lockheed Martin Corp.	$16,111,000	–	44,149	–	2.22%	–
LLY	New	Eli Lilly & Co.	$15,889,000	–	96,780	–	2.19%	–
CCI	New	Crown Castle International Cor	$15,091,000	–	90,179	–	2.08%	–
ICE	New	Intercontinental Exchange, Inc	$15,017,000	–	163,938	–	2.07%	–
TEL	New	TE Connectivity Ltd. Regular S	$14,251,000	–	174,757	–	1.96%	–
MXIM	New	Maxim Integrated Products, Inc	$14,203,000	–	234,335	–	1.95%	–
AMZN	New	Amazon.com, Inc.	$13,182,000	–	4,778	–	1.81%	–
MRK	New	Merck & Co., Inc.	$13,030,000	–	168,507	–	1.79%	–
NOC	New	Northrop Grumman Corp.	$12,861,000	–	41,834	–	1.77%	–
BDX	New	Becton, Dickinson & Co.	$12,601,000	–	52,663	–	1.73%	–
MCO	New	Moody's Corp.	$12,591,000	–	45,828	–	1.73%	–
MA	New	Mastercard, Inc.	$12,412,000	–	41,974	–	1.71%	–
BMY	New	Bristol-Myers Squibb Co.	$12,186,000	–	207,251	–	1.68%	–
HON	New	Honeywell International, Inc.	$11,558,000	–	79,931	–	1.59%	–
AVGO	New	Broadcom, Inc.	$10,173,000	–	32,233	–	1.40%	–
SPGI	New	S&P Global, Inc.	$7,545,000	–	22,900	–	1.04%	–
MCD	New	McDonald's Corporation	$5,130,000	–	27,808	–	0.71%	–
JNJ	New	Johnson & Johnson	$4,283,000	–	30,454	–	0.59%	–
INTC	New	Intel Corporation	$4,107,000	–	68,647	–	0.56%	–
DIS	New	The Walt Disney Co.	$3,814,000	–	34,199	–	0.52%	–
GOOGL	New	Alphabet, Inc. Class A	$3,737,000	–	2,635	–	0.51%	–
NKE	New	NIKE, Inc. Class B	$3,641,000	–	37,131	–	0.50%	–
GOOG	New	Alphabet Inc. Class C	$3,451,000	–	2,441	–	0.48%	–
PEP	New	PepsiCo, Inc.	$2,980,000	–	22,530	–	0.41%	–
FISV	New	Fiserv, Inc.	$2,499,000	–	25,596	–	0.34%	–
NFLX	New	Netflix, Inc.	$2,414,000	–	5,304	–	0.33%	–
BAC	New	Bank of America Corporation	$2,158,000	–	90,850	–	0.30%	–
POOL	New	Pool Corp.	$2,031,000	–	7,469	–	0.28%	–
TMO	New	Thermo Fisher Scientific, Inc.	$1,902,000	–	5,249	–	0.26%	–
GLW	New	Corning, Inc.	$1,892,000	–	73,052	–	0.26%	–
FB	New	Facebook, Inc. Class A	$1,781,000	–	7,842	–	0.24%	–
HZNP	New	Horizon Therapeutics plc	$1,748,000	–	31,451	–	0.24%	–
ABBV	New	Abbvie Inc.	$1,703,000	–	17,348	–	0.23%	–
EPAM	New	EPAM Systems, Inc.	$1,672,000	–	6,633	–	0.23%	–
AMGN	New	Amgen Inc.	$1,651,000	–	7,000	–	0.23%	–
NSC	New	Norfolk Southern Corporation	$1,609,000	–	9,165	–	0.22%	–
SBUX	New	Starbucks Corp.	$1,502,000	–	20,408	–	0.21%	–
KO	New	Coca-Cola Co.	$1,461,000	–	32,707	–	0.20%	–
PFE	New	Pfizer Inc.	$1,397,000	–	42,711	–	0.19%	–
OLLI	New	Ollie's Bargain Outlet Holding	$1,232,000	–	12,614	–	0.17%	–
HSY	New	Hershey Foods Corp.	$1,218,000	–	9,400	–	0.17%	–
MED	New	Medifast, Inc.	$1,161,000	–	8,367	–	0.16%	–
CIEN	New	Ciena Corp.	$1,156,000	–	21,350	–	0.16%	–
BRKS	New	Brooks Automation, Inc.	$1,148,000	–	25,954	–	0.16%	–
LHCG	New	LHC Group, Inc.	$1,133,000	–	6,497	–	0.16%	–
PG	New	Procter & Gamble Co.	$1,135,000	–	9,494	–	0.16%	–
TJX	New	The TJX Companies, Inc.	$1,127,000	–	22,295	–	0.16%	–
MEDP	New	Medpace Holdings, Inc.	$1,112,000	–	11,953	–	0.15%	–
MKTX	New	MarketAxess Holdings, Inc.	$1,084,000	–	2,164	–	0.15%	–
MPWR	New	Monolithic Power Systems, Inc.	$948,000	–	3,998	–	0.13%	–
FN	New	Fabrinet	$856,000	–	13,710	–	0.12%	–
TFC	New	Truist Financial Corp.	$844,000	–	22,484	–	0.12%	–
CEVA	New	CEVA, Inc.	$832,000	–	22,247	–	0.11%	–
MTZ	New	MasTec, Inc.	$826,000	–	18,411	–	0.11%	–
LULU	New	Lululemon Athletica, Inc.	$831,000	–	2,663	–	0.11%	–
RH	New	RH	$830,000	–	3,334	–	0.11%	–
KNX	New	Knight Swift Transportation Hl	$818,000	–	19,604	–	0.11%	–
TROW	New	T Rowe Price Group Inc.	$803,000	–	6,500	–	0.11%	–
BRKA	New	Berkshire Hathaway Inc. Class	$802,000	–	3	–	0.11%	–
COR	New	CoreSite Realty Corp.	$784,000	–	6,474	–	0.11%	–
FIVE	New	Five Below, Inc.	$718,000	–	6,717	–	0.10%	–
LGIH	New	LGI Homes, Inc.	$721,000	–	8,191	–	0.10%	–
BA	New	Boeing Co.	$700,000	–	3,821	–	0.10%	–
IWR	New	iShares Tr Russell Midcapexchange-traded	$688,000	–	12,840	–	0.10%	–
CL	New	Colgate-Palmolive Co.	$686,000	–	9,364	–	0.09%	–
USB	New	U.S. Bancorp	$651,000	–	17,683	–	0.09%	–
SYNH	New	Syneos Health Class A	$644,000	–	11,050	–	0.09%	–
HAS	New	Hasbro Inc.	$639,000	–	8,530	–	0.09%	–
BEAT	New	BioTelemetry, Inc.	$623,000	–	13,791	–	0.09%	–
CONE	New	CyrusOne, Inc.	$603,000	–	8,295	–	0.08%	–
NVEE	New	NV5 Global, Inc.	$596,000	–	11,718	–	0.08%	–
FDX	New	FedEx Corp.	$587,000	–	4,187	–	0.08%	–
CMD	New	Cantel Medical Corp.	$592,000	–	13,384	–	0.08%	–
PTC	New	PTC, Inc.	$583,000	–	7,496	–	0.08%	–
GS	New	The Goldman Sachs Group, Inc.	$575,000	–	2,912	–	0.08%	–
PLUS	New	ePlus, Inc.	$568,000	–	8,031	–	0.08%	–
PLNT	New	Planet Fitness, Inc. Class A	$561,000	–	9,267	–	0.08%	–
CORT	New	Corcept Therapeutics, Inc.	$544,000	–	32,344	–	0.08%	–
ABTX	New	Allegiance Bancshares, Inc.	$521,000	–	20,518	–	0.07%	–
OTIS	New	Otis Worldwide Corp.	$509,000	–	8,952	–	0.07%	–
BLKB	New	Blackbaud, Inc.	$499,000	–	8,736	–	0.07%	–
CCS	New	Century Communities, Inc.	$498,000	–	16,245	–	0.07%	–
CW	New	Curtiss-Wright Corp.	$485,000	–	5,429	–	0.07%	–
EGRX	New	Eagle Pharmaceuticals, Inc.	$463,000	–	9,644	–	0.06%	–
IART	New	Integra Lifesciences Holdings	$446,000	–	9,488	–	0.06%	–
QRVO	New	Qorvo, Inc.	$445,000	–	4,022	–	0.06%	–
CVX	New	Chevron Corp.	$429,000	–	4,811	–	0.06%	–
UBSI	New	United Bankshares, Inc.	$418,000	–	15,121	–	0.06%	–
SUPN	New	Supernus Pharmaceuticals, Inc.	$402,000	–	16,912	–	0.06%	–
CARR	New	Carrier Global Corp.	$397,000	–	17,904	–	0.06%	–
NUVA	New	NuVasive, Inc.	$388,000	–	6,974	–	0.05%	–
DY	New	Dycom Industries, Inc.	$376,000	–	9,185	–	0.05%	–
MMM	New	3M Co.	$369,000	–	2,365	–	0.05%	–
VRNT	New	Verint Systems, Inc.	$373,000	–	8,254	–	0.05%	–
EVR	New	Evercore, Inc.	$374,000	–	6,345	–	0.05%	–
VRTU	New	Virtusa Corp.	$335,000	–	10,329	–	0.05%	–
MC	New	Moelis & Co. Class A	$315,000	–	10,105	–	0.04%	–
ORLY	New	O Reilly Automotive	$253,000	–	600	–	0.04%	–
XOM	New	ExxonMobil Corp.	$245,000	–	5,479	–	0.03%	–

Q4 2019

			Value		Shares		↓ Weighting
PBCT	Exit	Peoples United Financing	$0	–	-10,000	–	-0.02%	–
CBS	Exit	CBS Corp. Class B	$0	–	-5,186	–	-0.03%	–
FOE	Exit	Ferro Corp.	$0	–	-19,573	–	-0.03%	–
ORLY	Exit	O Reilly Automotive	$0	–	-600	–	-0.03%	–
DOW	Exit	Dow Inc.	$0	–	-5,750	–	-0.04%	–
SPY	Exit	SPDR Tr Unit Ser 1exchange-traded	$0	–	-945	–	-0.04%	–
QRVO	Exit	Qorvo Inc.	$0	–	-3,880	–	-0.04%	–
PLNT	Exit	Planet Fitness Inc Class A	$0	–	-5,747	–	-0.05%	–
MC	Exit	Moelis & Co. Class A	$0	–	-10,363	–	-0.05%	–
VRNT	Exit	Verint Systems Inc.	$0	–	-8,568	–	-0.05%	–
MMM	Exit	3M Co.	$0	–	-2,300	–	-0.05%	–
VRTU	Exit	Virtusa Corporation	$0	–	-10,716	–	-0.06%	–
DD	Exit	DuPont De Nemours Inc.	$0	–	-5,750	–	-0.06%	–
NUVA	Exit	NuVasive Inc.	$0	–	-7,253	–	-0.07%	–
CORT	Exit	Corcept Therapeutics Inc.	$0	–	-33,633	–	-0.07%	–
SUPN	Exit	Supernus Pharmaceuticals, Inc.	$0	–	-17,584	–	-0.07%	–
CELG	Exit	Celgene Corp.	$0	–	-4,862	–	-0.07%	–
DY	Exit	Dycom Industries Inc.	$0	–	-9,546	–	-0.07%	–
CARO	Exit	Carolina Financial Corp.	$0	–	-13,777	–	-0.07%	–
OLLI	Exit	Ollie's Bargain Outlet	$0	–	-8,706	–	-0.07%	–
PTC	Exit	PTC Inc.	$0	–	-7,786	–	-0.08%	–
EVR	Exit	Evercore Inc.	$0	–	-6,592	–	-0.08%	–
EGRX	Exit	Eagle Pharmaceuticals	$0	–	-10,027	–	-0.08%	–
BEAT	Exit	BioTelemetry Inc.	$0	–	-14,341	–	-0.08%	–
IART	Exit	Integra Lifesciences	$0	–	-9,856	–	-0.08%	–
FDX	Exit	FedEx Corp.	$0	–	-4,123	–	-0.09%	–
VZ	Exit	Verizon Communications	$0	–	-9,963	–	-0.09%	–
SYNH	Exit	Syneos Health Inc Cl A	$0	–	-11,455	–	-0.09%	–
CMD	Exit	Cantel Medical Corporation	$0	–	-8,181	–	-0.09%	–
CVX	Exit	Chevron Corp.	$0	–	-5,319	–	-0.09%	–
PLUS	Exit	ePlus Inc.	$0	–	-8,349	–	-0.09%	–
MPWR	Exit	Monolithic Power Systems Incor	$0	–	-4,154	–	-0.09%	–
GS	Exit	Goldman Sachs Group Inc.	$0	–	-3,269	–	-0.10%	–
CONE	Exit	CyrusOne Inc.	$0	–	-8,616	–	-0.10%	–
ABTX	Exit	Allegiance Bancshares, Inc.	$0	–	-21,263	–	-0.10%	–
CEVA	Exit	CEVA Inc.	$0	–	-23,134	–	-0.10%	–
LGIH	Exit	LGI Homes Inc.	$0	–	-8,515	–	-0.10%	–
CL	Exit	Colgate Palmolive Co.	$0	–	-9,782	–	-0.10%	–
MKTX	Exit	MarketAxess Holdings Inc.	$0	–	-2,240	–	-0.10%	–
CW	Exit	Curtiss-Wright Corp.	$0	–	-5,645	–	-0.10%	–
KNX	Exit	Knight Swift Transportation HL	$0	–	-20,365	–	-0.11%	–
FN	Exit	Fabrinet	$0	–	-14,257	–	-0.11%	–
TROW	Exit	T Rowe Price Group Inc.	$0	–	-6,500	–	-0.11%	–
LHCG	Exit	LHC Group Inc.	$0	–	-6,747	–	-0.11%	–
FNKO	Exit	Funko Inc. Class A	$0	–	-37,528	–	-0.11%	–
WMT	Exit	Wal-Mart Stores Inc.	$0	–	-6,666	–	-0.11%	–
COR	Exit	CoreSite Realty Corp.	$0	–	-6,736	–	-0.12%	–
BLKB	Exit	Blackbaud Inc.	$0	–	-9,084	–	-0.12%	–
NVEE	Exit	NV5 Global Inc.	$0	–	-12,188	–	-0.12%	–
CIEN	Exit	Ciena Corporation	$0	–	-22,196	–	-0.12%	–
FIVE	Exit	Five Below Inc.	$0	–	-6,970	–	-0.13%	–
HZNP	Exit	Horizon Therapeutics	$0	–	-32,655	–	-0.13%	–
MED	Exit	Medifast, Inc.	$0	–	-8,685	–	-0.13%	–
AVGO	Exit	Broadcom Inc.	$0	–	-3,332	–	-0.13%	–
BRKA	Exit	Berkshire Hathaway Inc. Class	$0	–	-3	–	-0.13%	–
USB	Exit	US Bancorp	$0	–	-17,427	–	-0.14%	–
BRKS	Exit	Brooks Automation Inc.	$0	–	-26,977	–	-0.14%	–
MEDP	Exit	Medpace Holdings Inc.	$0	–	-12,071	–	-0.14%	–
IWR	Exit	iShares Tr Russell Midcapexchange-traded	$0	–	-19,444	–	-0.16%	–
PG	Exit	Procter & Gamble Co.	$0	–	-9,158	–	-0.16%	–
XOM	Exit	ExxonMobil Corp.	$0	–	-16,954	–	-0.17%	–
TJX	Exit	TJX Companies Inc.	$0	–	-21,927	–	-0.18%	–
MTZ	Exit	MasTec Inc.	$0	–	-19,158	–	-0.18%	–
EPAM	Exit	EPAM Systems, Inc.	$0	–	-6,900	–	-0.18%	–
AMGN	Exit	Amgen Inc.	$0	–	-7,000	–	-0.19%	–
FB	Exit	Facebook Inc. Class A	$0	–	-7,733	–	-0.20%	–
NFLX	Exit	Netflix Inc.	$0	–	-5,234	–	-0.20%	–
HSY	Exit	Hershey Foods Corp.	$0	–	-9,400	–	-0.21%	–
TMO	Exit	Thermo Fisher Scientific Inc.	$0	–	-5,157	–	-0.22%	–
PFE	Exit	Pfizer Inc.	$0	–	-42,711	–	-0.22%	–
BMY	Exit	Bristol-Myers Squibb Company	$0	–	-32,139	–	-0.23%	–
NSC	Exit	Norfolk Southern Corporation	$0	–	-9,165	–	-0.24%	–
SBUX	Exit	Starbucks Corp.	$0	–	-18,815	–	-0.24%	–
KO	Exit	Coca-Cola Co.	$0	–	-32,101	–	-0.25%	–
POOL	Exit	Pool Corp.	$0	–	-9,137	–	-0.26%	–
ABBV	Exit	Abbvie Inc.	$0	–	-25,548	–	-0.28%	–
MA	Exit	Mastercard Inc.	$0	–	-9,205	–	-0.36%	–
FISV	Exit	Fiserv Inc.	$0	–	-25,333	–	-0.38%	–
GOOG	Exit	Alphabet Inc. Class C	$0	–	-2,444	–	-0.43%	–
UTX	Exit	United Technologies Corp.	$0	–	-22,515	–	-0.44%	–
PEP	Exit	PepsiCo Inc.	$0	–	-22,437	–	-0.44%	–
GOOGL	Exit	Alphabet Inc. Class A	$0	–	-2,615	–	-0.46%	–
INTC	Exit	Intel Corporation	$0	–	-68,060	–	-0.50%	–
NKE	Exit	Nike Inc. Class B	$0	–	-37,714	–	-0.51%	–
JNJ	Exit	Johnson & Johnson	$0	–	-30,254	–	-0.56%	–
BAC	Exit	Bank of America Corporation	$0	–	-152,000	–	-0.64%	–
MCD	Exit	McDonald's Corporation	$0	–	-27,699	–	-0.85%	–
STI	Exit	Suntrust Banks, Incorporated	$0	–	-87,151	–	-0.86%	–
MPC	Exit	Marathon Petroleum Corp.	$0	–	-112,739	–	-0.98%	–
EMN	Exit	Eastman Chemical Co.	$0	–	-104,747	–	-1.11%	–
AMZN	Exit	Amazon.com Inc.	$0	–	-4,760	–	-1.18%	–
GLW	Exit	Corning Inc.	$0	–	-338,792	–	-1.38%	–
ICE	Exit	Intercontinental Exchange Inc.	$0	–	-105,204	–	-1.39%	–
LLY	Exit	Lilly (Eli) & Company	$0	–	-95,008	–	-1.52%	–
BDX	Exit	Becton, Dickinson & Co.	$0	–	-51,717	–	-1.88%	–
HON	Exit	Honeywell Inc.	$0	–	-78,486	–	-1.90%	–
MXIM	Exit	Maxim Integrated Products	$0	–	-232,169	–	-1.93%	–
BBT	Exit	BB&T Corp.	$0	–	-256,227	–	-1.96%	–
MRK	Exit	Merck & Company Incorporated	$0	–	-164,627	–	-1.99%	–
KLAC	Exit	KLA Corporation	$0	–	-90,620	–	-2.07%	–
HD	Exit	Home Depot Inc.	$0	–	-62,695	–	-2.09%	–
SYK	Exit	Stryker Corporation	$0	–	-75,299	–	-2.34%	–
CMCSA	Exit	Comcast Corp. Class A	$0	–	-366,332	–	-2.37%	–
LMT	Exit	Lockheed Martin Corp.	$0	–	-43,510	–	-2.43%	–
ACN	Exit	Accenture PLC	$0	–	-88,393	–	-2.44%	–
TEL	Exit	TE Connectivity Limited Reg Sh	$0	–	-183,826	–	-2.46%	–
RTN	Exit	Raytheon Co.	$0	–	-89,373	–	-2.51%	–
LOW	Exit	Lowe's Companies Inc.	$0	–	-160,708	–	-2.53%	–
BA	Exit	Boeing Co.	$0	–	-46,549	–	-2.54%	–
ABT	Exit	Abbott Labs Inc.	$0	–	-216,001	–	-2.59%	–
ADI	Exit	Analog Devices Inc.	$0	–	-166,901	–	-2.67%	–
UNH	Exit	UnitedHealth Group	$0	–	-85,923	–	-2.68%	–
DIS	Exit	Walt Disney Co.	$0	–	-148,872	–	-2.78%	–
HAS	Exit	Hasbro Inc.	$0	–	-172,009	–	-2.93%	–
TXN	Exit	Texas Instruments Inc.	$0	–	-175,050	–	-3.24%	–
V	Exit	Visa Inc. Class A	$0	–	-132,117	–	-3.26%	–
AMT	Exit	American Tower Corp.	$0	–	-105,138	–	-3.33%	–
AAPL	Exit	Apple Computer Inc.	$0	–	-105,965	–	-3.40%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-495,578	–	-3.51%	–
JPM	Exit	JP Morgan Chase & Co.	$0	–	-245,019	–	-4.14%	–
IFF	Exit	Intl. Flavors & Fragrances Inc	$0	–	-250,000	–	-4.40%	–
MSFT	Exit	Microsoft Corp.	$0	–	-240,449	–	-4.79%	–

Q3 2019

			Value		Shares		↓ Weighting
MSFT	Sell	Microsoft Corp.	$33,430,000	+3.5%	240,449	-0.3%	4.79%	+1.5%
JPM	Sell	JP Morgan Chase & Co.	$28,836,000	+5.1%	245,019	-0.1%	4.14%	+3.2%
CSCO	Sell	Cisco Systems Inc.	$24,486,000	-9.8%	495,578	-0.1%	3.51%	-11.5%
AAPL	Sell	Apple Computer Inc.	$23,733,000	+13.1%	105,965	-0.1%	3.40%	+11.0%
AMT	Sell	American Tower Corp.	$23,250,000	+0.3%	105,138	-7.3%	3.33%	-1.6%
V	Sell	Visa Inc. Class A	$22,725,000	-1.0%	132,117	-0.1%	3.26%	-2.8%
TXN	Sell	Texas Instruments Inc.	$22,624,000	+12.5%	175,050	-0.1%	3.24%	+10.4%
HAS	Sell	Hasbro Inc.	$20,415,000	+12.3%	172,009	-0.0%	2.93%	+10.2%
DIS	Sell	Walt Disney Co.	$19,401,000	-6.7%	148,872	-0.1%	2.78%	-8.5%
UNH	Sell	UnitedHealth Group	$18,673,000	-11.2%	85,923	-0.3%	2.68%	-12.9%
ADI	Sell	Analog Devices Inc.	$18,648,000	-1.1%	166,901	-0.1%	2.67%	-3.0%
ABT	Buy	Abbott Labs Inc.	$18,072,000	-0.3%	216,001	+0.2%	2.59%	-2.2%
BA	Sell	Boeing Co.	$17,711,000	+4.5%	46,549	-0.0%	2.54%	+2.5%
LOW	Sell	Lowe's Companies Inc.	$17,671,000	+8.9%	160,708	-0.1%	2.53%	+6.8%
RTN	Sell	Raytheon Co.	$17,534,000	+12.6%	89,373	-0.2%	2.51%	+10.5%
TEL	Sell	TE Connectivity Limited Reg Sh	$17,129,000	-3.1%	183,826	-0.4%	2.46%	-5.0%
ACN	Sell	Accenture PLC	$17,002,000	+3.6%	88,393	-0.5%	2.44%	+1.7%
LMT	Buy	Lockheed Martin Corp.	$16,971,000	+7.4%	43,510	+0.1%	2.43%	+5.4%
CMCSA	Sell	Comcast Corp. Class A	$16,514,000	+6.6%	366,332	-0.0%	2.37%	+4.6%
SYK	Buy	Stryker Corporation	$16,288,000	+5.2%	75,299	+0.0%	2.34%	+3.3%
HD	Sell	Home Depot Inc.	$14,547,000	+11.5%	62,695	-0.1%	2.09%	+9.4%
KLAC	Buy	KLA Corporation	$14,450,000	+35.3%	90,620	+0.3%	2.07%	+32.8%
MRK	Buy	Merck & Company Incorporated	$13,858,000	+0.5%	164,627	+0.1%	1.99%	-1.3%
BBT	Sell	BB&T Corp.	$13,675,000	+8.6%	256,227	-0.1%	1.96%	+6.5%
MXIM	Buy	Maxim Integrated Products	$13,445,000	-3.1%	232,169	+0.1%	1.93%	-4.9%
HON	Sell	Honeywell Inc.	$13,280,000	-3.2%	78,486	-0.1%	1.90%	-5.0%
BDX	Sell	Becton, Dickinson & Co.	$13,082,000	-32.8%	51,717	-33.1%	1.88%	-34.1%
LLY	Buy	Lilly (Eli) & Company	$10,625,000	+3.3%	95,008	+2.3%	1.52%	+1.3%
ICE	New	Intercontinental Exchange Inc.	$9,707,000	–	105,204	–	1.39%	–
GLW	Sell	Corning Inc.	$9,662,000	-16.4%	338,792	-2.6%	1.38%	-18.0%
EMN	Sell	Eastman Chemical Co.	$7,733,000	-5.6%	104,747	-0.5%	1.11%	-7.4%
MPC	Buy	Marathon Petroleum Corp.	$6,849,000	+11.8%	112,739	+2.9%	0.98%	+9.7%
STI	Sell	Suntrust Banks, Incorporated	$5,996,000	+9.3%	87,151	-0.1%	0.86%	+7.2%
NKE	Sell	Nike Inc. Class B	$3,542,000	+11.0%	37,714	-0.7%	0.51%	+9.0%
GOOGL	Sell	Alphabet Inc. Class A	$3,193,000	+12.5%	2,615	-0.2%	0.46%	+10.4%
PEP	Sell	PepsiCo Inc.	$3,077,000	+4.5%	22,437	-0.1%	0.44%	+2.6%
FISV	Sell	Fiserv Inc.	$2,624,000	+13.0%	25,333	-0.6%	0.38%	+10.9%
MA	Sell	Mastercard Inc.	$2,500,000	+1.8%	9,205	-0.8%	0.36%	-0.3%
POOL	Sell	Pool Corp.	$1,843,000	+4.9%	9,137	-0.7%	0.26%	+2.7%
SBUX	Sell	Starbucks Corp.	$1,664,000	+4.3%	18,815	-1.1%	0.24%	+2.6%
TMO	Sell	Thermo Fisher Scientific Inc.	$1,502,000	-1.2%	5,157	-0.4%	0.22%	-3.2%
NFLX	Sell	Netflix Inc.	$1,401,000	-27.4%	5,234	-0.3%	0.20%	-28.7%
FB	Sell	Facebook Inc. Class A	$1,377,000	-8.4%	7,733	-0.8%	0.20%	-10.5%
EPAM	Sell	EPAM Systems, Inc.	$1,258,000	+4.6%	6,900	-0.7%	0.18%	+2.3%
MTZ	Sell	MasTec Inc.	$1,244,000	+25.0%	19,158	-0.8%	0.18%	+22.8%
TJX	Sell	TJX Companies Inc.	$1,222,000	+3.2%	21,927	-2.1%	0.18%	+1.2%
MEDP	Sell	Medpace Holdings Inc.	$1,014,000	+27.9%	12,071	-0.5%	0.14%	+25.0%
BRKS	Sell	Brooks Automation Inc.	$999,000	-5.1%	26,977	-0.8%	0.14%	-7.1%
USB	Sell	US Bancorp	$964,000	+3.8%	17,427	-1.7%	0.14%	+1.5%
AVGO	Sell	Broadcom Inc.	$920,000	-4.7%	3,332	-0.6%	0.13%	-6.4%
MED	Buy	Medifast, Inc.	$900,000	+50.8%	8,685	+86.5%	0.13%	+48.3%
HZNP	Sell	Horizon Therapeutics	$889,000	+12.2%	32,655	-0.8%	0.13%	+9.5%
FIVE	Sell	Five Below Inc.	$879,000	+4.3%	6,970	-0.7%	0.13%	+2.4%
CIEN	Sell	Ciena Corporation	$871,000	-5.3%	22,196	-0.8%	0.12%	-6.7%
NVEE	Sell	NV5 Global Inc.	$832,000	-16.8%	12,188	-0.8%	0.12%	-18.5%
COR	Sell	CoreSite Realty Corp.	$821,000	+5.0%	6,736	-0.8%	0.12%	+3.5%
BLKB	Sell	Blackbaud Inc.	$821,000	+7.5%	9,084	-0.8%	0.12%	+5.4%
FNKO	Sell	Funko Inc. Class A	$772,000	-15.7%	37,528	-0.8%	0.11%	-17.2%
LHCG	Sell	LHC Group Inc.	$766,000	-5.8%	6,747	-0.8%	0.11%	-7.6%
FN	Sell	Fabrinet	$746,000	+4.5%	14,257	-0.8%	0.11%	+2.9%
KNX	Sell	Knight Swift Transportation HL	$739,000	+9.6%	20,365	-0.8%	0.11%	+8.2%
MKTX	Sell	MarketAxess Holdings Inc.	$734,000	-21.7%	2,240	-23.3%	0.10%	-23.4%
CW	Sell	Curtiss-Wright Corp.	$730,000	+1.0%	5,645	-0.8%	0.10%	-0.9%
LGIH	Sell	LGI Homes Inc.	$709,000	+15.7%	8,515	-0.8%	0.10%	+13.3%
CEVA	Sell	CEVA Inc.	$691,000	+21.7%	23,134	-0.8%	0.10%	+19.3%
CONE	Sell	CyrusOne Inc.	$682,000	+36.1%	8,616	-0.8%	0.10%	+34.2%
ABTX	Sell	Allegiance Bancshares, Inc.	$682,000	-4.5%	21,263	-0.8%	0.10%	-5.8%
GS	Sell	Goldman Sachs Group Inc.	$677,000	+0.9%	3,269	-0.3%	0.10%	-1.0%
MPWR	Sell	Monolithic Power Systems Incor	$646,000	+13.5%	4,154	-0.8%	0.09%	+12.0%
PLUS	Sell	ePlus Inc.	$635,000	+9.5%	8,349	-0.8%	0.09%	+7.1%
CMD	Sell	Cantel Medical Corporation	$612,000	-8.0%	8,181	-0.8%	0.09%	-9.3%
SYNH	New	Syneos Health Inc Cl A	$610,000	–	11,455	–	0.09%	–
FDX	Sell	FedEx Corp.	$600,000	-11.9%	4,123	-0.7%	0.09%	-14.0%
IART	Sell	Integra Lifesciences	$592,000	+6.7%	9,856	-0.8%	0.08%	+4.9%
BEAT	Sell	BioTelemetry Inc.	$584,000	-16.1%	14,341	-0.8%	0.08%	-17.6%
EGRX	Sell	Eagle Pharmaceuticals	$567,000	+0.7%	10,027	-0.8%	0.08%	-1.2%
EVR	Sell	Evercore Inc.	$528,000	-10.2%	6,592	-0.8%	0.08%	-11.6%
PTC	Sell	PTC Inc.	$531,000	-24.6%	7,786	-0.8%	0.08%	-26.2%
OLLI	Sell	Ollie's Bargain Outlet	$511,000	-33.1%	8,706	-0.7%	0.07%	-34.8%
CARO	Sell	Carolina Financial Corp.	$490,000	+0.6%	13,777	-0.6%	0.07%	-1.4%
DY	Sell	Dycom Industries Inc.	$487,000	-14.0%	9,546	-0.8%	0.07%	-15.7%
SUPN	Sell	Supernus Pharmaceuticals, Inc.	$483,000	-17.6%	17,584	-0.8%	0.07%	-19.8%
CELG	Sell	Celgene Corp.	$483,000	+6.9%	4,862	-0.5%	0.07%	+4.5%
CORT	Sell	Corcept Therapeutics Inc.	$475,000	+25.7%	33,633	-0.8%	0.07%	+23.6%
NUVA	Sell	NuVasive Inc.	$460,000	+7.5%	7,253	-0.8%	0.07%	+4.8%
VRTU	Sell	Virtusa Corporation	$386,000	-19.6%	10,716	-0.8%	0.06%	-21.4%
VRNT	Sell	Verint Systems Inc.	$367,000	-21.1%	8,568	-0.8%	0.05%	-22.1%
MC	Sell	Moelis & Co. Class A	$340,000	-6.8%	10,363	-0.6%	0.05%	-7.5%
PLNT	Sell	Planet Fitness Inc Class A	$333,000	-20.5%	5,747	-0.7%	0.05%	-21.3%
QRVO	Sell	Qorvo Inc.	$288,000	+8.7%	3,880	-2.5%	0.04%	+5.1%
SPY	Sell	SPDR Tr Unit Ser 1exchange-traded	$280,000	-32.2%	945	-32.9%	0.04%	-33.3%
FOE	Sell	Ferro Corp.	$232,000	-25.4%	19,573	-0.6%	0.03%	-26.7%
PM	Exit	Philip Morris Intl. Inc.	$0	–	-2,635	–	-0.03%	–
CBM	Exit	Cambrex Corp.	$0	–	-15,494	–	-0.11%	–

Q2 2019

			Value		Shares		↓ Weighting
IFF	New	Intl. Flavors & Fragrances Inc	$36,273,000	–	250,000	–	5.30%	–
MSFT	New	Microsoft Corp.	$32,303,000	–	241,140	–	4.72%	–
JPM	New	JP Morgan Chase & Co.	$27,429,000	–	245,339	–	4.01%	–
CSCO	New	Cisco Systems Inc.	$27,154,000	–	496,148	–	3.97%	–
AMT	New	American Tower Corp.	$23,177,000	–	113,360	–	3.39%	–
V	New	Visa Inc. Class A	$22,948,000	–	132,228	–	3.35%	–
UNH	New	UnitedHealth Group	$21,038,000	–	86,221	–	3.07%	–
AAPL	New	Apple Computer Inc.	$20,990,000	–	106,054	–	3.07%	–
DIS	New	Walt Disney Co.	$20,801,000	–	148,958	–	3.04%	–
TXN	New	Texas Instruments Inc.	$20,103,000	–	175,172	–	2.94%	–
BDX	New	Becton, Dickinson & Co.	$19,472,000	–	77,265	–	2.84%	–
ADI	New	Analog Devices Inc.	$18,861,000	–	167,103	–	2.76%	–
HAS	New	Hasbro Inc.	$18,180,000	–	172,030	–	2.66%	–
ABT	New	Abbott Labs Inc.	$18,135,000	–	215,637	–	2.65%	–
TEL	New	TE Connectivity Limited Reg Sh	$17,680,000	–	184,586	–	2.58%	–
BA	New	Boeing Co.	$16,949,000	–	46,563	–	2.48%	–
ACN	New	Accenture PLC	$16,409,000	–	88,807	–	2.40%	–
LOW	New	Lowe's Companies Inc.	$16,232,000	–	160,860	–	2.37%	–
LMT	New	Lockheed Martin Corp.	$15,797,000	–	43,452	–	2.31%	–
RTN	New	Raytheon Co.	$15,566,000	–	89,521	–	2.28%	–
CMCSA	New	Comcast Corp. Class A	$15,496,000	–	366,499	–	2.26%	–
SYK	New	Stryker Corporation	$15,476,000	–	75,281	–	2.26%	–
MXIM	New	Maxim Integrated Products	$13,880,000	–	232,024	–	2.03%	–
MRK	New	Merck & Company Incorporated	$13,783,000	–	164,387	–	2.01%	–
HON	New	Honeywell Inc.	$13,721,000	–	78,589	–	2.00%	–
HD	New	Home Depot Inc.	$13,046,000	–	62,729	–	1.91%	–
BBT	New	BB&T Corp.	$12,597,000	–	256,401	–	1.84%	–
GLW	New	Corning Inc.	$11,553,000	–	347,670	–	1.69%	–
KLAC	New	KLA Corporation	$10,678,000	–	90,336	–	1.56%	–
LLY	New	Lilly (Eli) & Company	$10,290,000	–	92,883	–	1.50%	–
AMZN	New	Amazon.com Inc.	$9,013,000	–	4,760	–	1.32%	–
EMN	New	Eastman Chemical Co.	$8,194,000	–	105,280	–	1.20%	–
MPC	New	Marathon Petroleum Corp.	$6,125,000	–	109,612	–	0.90%	–
MCD	New	McDonald's Corporation	$5,752,000	–	27,699	–	0.84%	–
STI	New	Suntrust Banks, Incorporated	$5,485,000	–	87,271	–	0.80%	–
BAC	New	Bank of America Corporation	$4,408,000	–	152,000	–	0.64%	–
JNJ	New	Johnson & Johnson	$4,214,000	–	30,254	–	0.62%	–
INTC	New	Intel Corporation	$3,258,000	–	68,060	–	0.48%	–
NKE	New	Nike Inc. Class B	$3,190,000	–	37,988	–	0.47%	–
PEP	New	PepsiCo Inc.	$2,945,000	–	22,455	–	0.43%	–
UTX	New	United Technologies Corp.	$2,931,000	–	22,515	–	0.43%	–
GOOGL	New	Alphabet Inc. Class A	$2,838,000	–	2,621	–	0.42%	–
GOOG	New	Alphabet Inc. Class C	$2,641,000	–	2,444	–	0.39%	–
MA	New	Mastercard Inc.	$2,455,000	–	9,281	–	0.36%	–
FISV	New	Fiserv Inc.	$2,323,000	–	25,478	–	0.34%	–
NFLX	New	Netflix Inc.	$1,929,000	–	5,252	–	0.28%	–
ABBV	New	Abbvie Inc.	$1,858,000	–	25,548	–	0.27%	–
PFE	New	Pfizer Inc.	$1,850,000	–	42,711	–	0.27%	–
NSC	New	Norfolk Southern Corporation	$1,827,000	–	9,165	–	0.27%	–
POOL	New	Pool Corp.	$1,757,000	–	9,199	–	0.26%	–
KO	New	Coca-Cola Co.	$1,634,000	–	32,101	–	0.24%	–
SBUX	New	Starbucks Corp.	$1,595,000	–	19,027	–	0.23%	–
TMO	New	Thermo Fisher Scientific Inc.	$1,521,000	–	5,179	–	0.22%	–
FB	New	Facebook Inc. Class A	$1,504,000	–	7,792	–	0.22%	–
BMY	New	Bristol-Myers Squibb Company	$1,458,000	–	32,139	–	0.21%	–
XOM	New	ExxonMobil Corp.	$1,299,000	–	16,954	–	0.19%	–
AMGN	New	Amgen Inc.	$1,290,000	–	7,000	–	0.19%	–
HSY	New	Hershey Foods Corp.	$1,260,000	–	9,400	–	0.18%	–
EPAM	New	EPAM Systems, Inc.	$1,203,000	–	6,952	–	0.18%	–
TJX	New	TJX Companies Inc.	$1,184,000	–	22,389	–	0.17%	–
IWR	New	iShares Tr Russell Midcapexchange-traded	$1,086,000	–	19,444	–	0.16%	–
BRKS	New	Brooks Automation Inc.	$1,053,000	–	27,185	–	0.15%	–
PG	New	Procter & Gamble Co.	$1,004,000	–	9,158	–	0.15%	–
NVEE	New	NV5 Global Inc.	$1,000,000	–	12,281	–	0.15%	–
MTZ	New	MasTec Inc.	$995,000	–	19,306	–	0.14%	–
AVGO	New	Broadcom Inc.	$965,000	–	3,352	–	0.14%	–
BRKA	New	Berkshire Hathaway Inc. Class	$955,000	–	3	–	0.14%	–
MKTX	New	MarketAxess Holdings Inc.	$938,000	–	2,919	–	0.14%	–
USB	New	US Bancorp	$929,000	–	17,724	–	0.14%	–
CIEN	New	Ciena Corporation	$920,000	–	22,367	–	0.13%	–
FNKO	New	Funko Inc. Class A	$916,000	–	37,812	–	0.13%	–
FIVE	New	Five Below Inc.	$843,000	–	7,022	–	0.12%	–
LHCG	New	LHC Group Inc.	$813,000	–	6,800	–	0.12%	–
MEDP	New	Medpace Holdings Inc.	$793,000	–	12,126	–	0.12%	–
HZNP	New	Horizon Therapeutics	$792,000	–	32,902	–	0.12%	–
COR	New	CoreSite Realty Corp.	$782,000	–	6,789	–	0.11%	–
BLKB	New	Blackbaud Inc.	$764,000	–	9,155	–	0.11%	–
OLLI	New	Ollie's Bargain Outlet	$764,000	–	8,771	–	0.11%	–
WMT	New	Wal-Mart Stores Inc.	$737,000	–	6,666	–	0.11%	–
CBM	New	Cambrex Corp.	$725,000	–	15,494	–	0.11%	–
CW	New	Curtiss-Wright Corp.	$723,000	–	5,690	–	0.11%	–
FN	New	Fabrinet	$714,000	–	14,367	–	0.10%	–
ABTX	New	Allegiance Bancshares, Inc.	$714,000	–	21,429	–	0.10%	–
TROW	New	T Rowe Price Group Inc.	$713,000	–	6,500	–	0.10%	–
PTC	New	PTC Inc.	$704,000	–	7,847	–	0.10%	–
CL	New	Colgate Palmolive Co.	$701,000	–	9,782	–	0.10%	–
BEAT	New	BioTelemetry Inc.	$696,000	–	14,451	–	0.10%	–
FDX	New	FedEx Corp.	$681,000	–	4,150	–	0.10%	–
GS	New	Goldman Sachs Group Inc.	$671,000	–	3,280	–	0.10%	–
KNX	New	Knight Swift Transportation HL	$674,000	–	20,528	–	0.10%	–
CVX	New	Chevron Corp.	$662,000	–	5,319	–	0.10%	–
CMD	New	Cantel Medical Corporation	$665,000	–	8,245	–	0.10%	–
LGIH	New	LGI Homes Inc.	$613,000	–	8,582	–	0.09%	–
MED	New	Medifast, Inc.	$597,000	–	4,656	–	0.09%	–
EVR	New	Evercore Inc.	$588,000	–	6,644	–	0.09%	–
SUPN	New	Supernus Pharmaceuticals, Inc.	$586,000	–	17,721	–	0.09%	–
PLUS	New	ePlus Inc.	$580,000	–	8,413	–	0.08%	–
CEVA	New	CEVA Inc.	$568,000	–	23,315	–	0.08%	–
VZ	New	Verizon Communications	$569,000	–	9,963	–	0.08%	–
DY	New	Dycom Industries Inc.	$566,000	–	9,620	–	0.08%	–
MPWR	New	Monolithic Power Systems Incor	$569,000	–	4,188	–	0.08%	–
EGRX	New	Eagle Pharmaceuticals	$563,000	–	10,108	–	0.08%	–
IART	New	Integra Lifesciences	$555,000	–	9,936	–	0.08%	–
CONE	New	CyrusOne Inc.	$501,000	–	8,683	–	0.07%	–
CARO	New	Carolina Financial Corp.	$487,000	–	13,865	–	0.07%	–
VRTU	New	Virtusa Corporation	$480,000	–	10,801	–	0.07%	–
VRNT	New	Verint Systems Inc.	$465,000	–	8,639	–	0.07%	–
CELG	New	Celgene Corp.	$452,000	–	4,886	–	0.07%	–
NUVA	New	NuVasive Inc.	$428,000	–	7,313	–	0.06%	–
DD	New	DuPont De Nemours Inc.	$432,000	–	5,750	–	0.06%	–
PLNT	New	Planet Fitness Inc Class A	$419,000	–	5,789	–	0.06%	–
SPY	New	SPDR Tr Unit Ser 1exchange-traded	$413,000	–	1,408	–	0.06%	–
MMM	New	3M Co.	$399,000	–	2,300	–	0.06%	–
CORT	New	Corcept Therapeutics Inc.	$378,000	–	33,904	–	0.06%	–
MC	New	Moelis & Co. Class A	$365,000	–	10,430	–	0.05%	–
FOE	New	Ferro Corp.	$311,000	–	19,694	–	0.04%	–
DOW	New	Dow Inc.	$284,000	–	5,750	–	0.04%	–
QRVO	New	Qorvo Inc.	$265,000	–	3,980	–	0.04%	–
CBS	New	CBS Corp. Class B	$259,000	–	5,186	–	0.04%	–
ORLY	New	O Reilly Automotive	$222,000	–	600	–	0.03%	–
PM	New	Philip Morris Intl. Inc.	$207,000	–	2,635	–	0.03%	–
PBCT	New	Peoples United Financing	$168,000	–	10,000	–	0.02%	–

Q4 2018

			Value		Shares		↓ Weighting
PBCT	Exit	Peoples United Financing	$0	–	-10,000	–	-0.02%	–
ORLY	Exit	O Reilly Automotive	$0	–	-600	–	-0.03%	–
CCS	Exit	Century Communities Inc.	$0	–	-8,318	–	-0.03%	–
ITW	Exit	Illinois Tool Works Inc.	$0	–	-1,593	–	-0.03%	–
COP	Exit	ConocoPhillips	$0	–	-3,091	–	-0.04%	–
CBS	Exit	CBS Corp. Class B	$0	–	-4,929	–	-0.04%	–
QRVO	Exit	Qorvo Inc.	$0	–	-3,821	–	-0.04%	–
LGIH	Exit	LGI Homes Inc.	$0	–	-7,006	–	-0.05%	–
VRNT	Exit	Verint Systems Inc.	$0	–	-7,064	–	-0.05%	–
FOE	Exit	Ferro Corp.	$0	–	-16,065	–	-0.05%	–
FNKO	Exit	Funko Inc. Class A	$0	–	-15,932	–	-0.05%	–
JCI	Exit	Johnson Controls Intl PLC	$0	–	-10,890	–	-0.06%	–
CORT	Exit	Corcept Therapeutics Inc.	$0	–	-27,574	–	-0.06%	–
POL	Exit	Polyone Corp.	$0	–	-9,128	–	-0.06%	–
CARO	Exit	Carolina Financial Corp.	$0	–	-11,002	–	-0.06%	–
PM	Exit	Philip Morris Intl. Inc.	$0	–	-5,135	–	-0.06%	–
NUVA	Exit	NuVasive Inc.	$0	–	-5,942	–	-0.06%	–
MPWR	Exit	Monolithic Power Systems Incor	$0	–	-3,423	–	-0.06%	–
MKTX	Exit	MarketAxess Holdings Inc.	$0	–	-2,385	–	-0.06%	–
CELG	Exit	Celgene Corp.	$0	–	-4,893	–	-0.06%	–
CONE	Exit	CyrusOne Inc.	$0	–	-7,110	–	-0.06%	–
MC	Exit	Moelis & Co. Class A	$0	–	-8,273	–	-0.06%	–
MMM	Exit	3M Co.	$0	–	-2,300	–	-0.07%	–
IART	Exit	Integra Lifesciences	$0	–	-8,116	–	-0.08%	–
VZ	Exit	Verizon Communications	$0	–	-9,963	–	-0.08%	–
EVR	Exit	Evercore Inc.	$0	–	-5,431	–	-0.08%	–
FN	Exit	Fabrinet	$0	–	-11,760	–	-0.08%	–
CEVA	Exit	CEVA Inc.	$0	–	-19,079	–	-0.08%	–
MEDP	Exit	Medpace Holdings Inc.	$0	–	-9,292	–	-0.08%	–
GE	Exit	General Electric Co.	$0	–	-49,552	–	-0.08%	–
CIEN	Exit	Ciena Corporation	$0	–	-18,251	–	-0.08%	–
LHCG	Exit	LHC Group Inc.	$0	–	-5,548	–	-0.08%	–
EGRX	Exit	Eagle Pharmaceuticals	$0	–	-8,238	–	-0.08%	–
KNX	Exit	Knight Swift Transportation HL	$0	–	-16,745	–	-0.08%	–
PETQ	Exit	PetIQ Inc. Class A	$0	–	-15,154	–	-0.09%	–
COR	Exit	CoreSite Realty Corp.	$0	–	-5,556	–	-0.09%	–
CMD	Exit	Cantel Medical Corporation	$0	–	-6,743	–	-0.09%	–
WMT	Exit	Wal-Mart Stores Inc.	$0	–	-6,706	–	-0.09%	–
PLUS	Exit	ePlus Inc.	$0	–	-6,884	–	-0.09%	–
CW	Exit	Curtiss-Wright Corp.	$0	–	-4,661	–	-0.09%	–
DY	Exit	Dycom Industries Inc.	$0	–	-7,872	–	-0.10%	–
PTC	Exit	PTC Inc.	$0	–	-6,398	–	-0.10%	–
LGND	Exit	Ligand Pharmaceuticals Inc.	$0	–	-2,509	–	-0.10%	–
MTZ	Exit	MasTec Inc.	$0	–	-15,739	–	-0.10%	–
TROW	Exit	T Rowe Price Group Inc.	$0	–	-6,500	–	-0.10%	–
GS	Exit	Goldman Sachs Group Inc.	$0	–	-3,186	–	-0.10%	–
SUPN	Exit	Supernus Pharmaceuticals, Inc.	$0	–	-14,501	–	-0.10%	–
ABTX	Exit	Allegiance Bancshares, Inc.	$0	–	-17,378	–	-0.10%	–
T	Exit	AT&T Inc.	$0	–	-21,780	–	-0.11%	–
CVX	Exit	Chevron Corp.	$0	–	-6,036	–	-0.11%	–
PG	Exit	Procter & Gamble Co.	$0	–	-9,158	–	-0.11%	–
BLKB	Exit	Blackbaud Inc.	$0	–	-7,493	–	-0.11%	–
BEAT	Exit	BioTelemetry Inc.	$0	–	-11,802	–	-0.11%	–
BRKS	Exit	Brooks Automation Inc.	$0	–	-22,188	–	-0.11%	–
CL	Exit	Colgate Palmolive Co.	$0	–	-11,535	–	-0.11%	–
EPAM	Exit	EPAM Systems, Inc.	$0	–	-5,677	–	-0.11%	–
AVGO	Exit	Broadcom Inc.	$0	–	-3,219	–	-0.12%	–
CBM	Exit	Cambrex Corp.	$0	–	-12,675	–	-0.12%	–
NVEE	Exit	NV5 Global Inc.	$0	–	-10,035	–	-0.13%	–
IDTI	Exit	Integrated Device Technology	$0	–	-18,820	–	-0.13%	–
BRKA	Exit	Berkshire Hathaway Inc. Class	$0	–	-3	–	-0.14%	–
HSY	Exit	Hershey Foods Corp.	$0	–	-9,400	–	-0.14%	–
OLLI	Exit	Ollie's Bargain Outlet	$0	–	-10,385	–	-0.14%	–
FDX	Exit	FedEx Corp.	$0	–	-4,203	–	-0.15%	–
SBUX	Exit	Starbucks Corp.	$0	–	-18,532	–	-0.15%	–
IWR	Exit	iShares Tr Russell Midcapexchange-traded	$0	–	-4,861	–	-0.16%	–
DWDP	Exit	Dowdupont Inc.	$0	–	-17,251	–	-0.16%	–
USB	Exit	US Bancorp	$0	–	-21,812	–	-0.17%	–
TMO	Exit	Thermo Fisher Scientific Inc.	$0	–	-5,008	–	-0.18%	–
TJX	Exit	TJX Companies Inc.	$0	–	-11,192	–	-0.18%	–
FIVE	Exit	Five Below Inc.	$0	–	-9,973	–	-0.19%	–
BA	Exit	Boeing Co.	$0	–	-3,503	–	-0.19%	–
POOL	Exit	Pool Corp.	$0	–	-7,948	–	-0.19%	–
FB	Exit	Facebook Inc. Class A	$0	–	-8,163	–	-0.19%	–
MRK	Exit	Merck & Company Incorporated	$0	–	-19,510	–	-0.20%	–
WFC	Exit	Wells Fargo & Co.	$0	–	-26,942	–	-0.20%	–
KO	Exit	Coca-Cola Co.	$0	–	-32,101	–	-0.21%	–
NSC	Exit	Norfolk Southern Corporation	$0	–	-9,165	–	-0.24%	–
XOM	Exit	ExxonMobil Corp.	$0	–	-22,176	–	-0.27%	–
PFE	Exit	Pfizer Inc.	$0	–	-42,711	–	-0.27%	–
IBM	Exit	International Business Machine	$0	–	-12,689	–	-0.28%	–
BMY	Exit	Bristol-Myers Squibb Company	$0	–	-32,139	–	-0.29%	–
FISV	Exit	Fiserv Inc.	$0	–	-25,019	–	-0.30%	–
NFLX	Exit	Netflix Inc.	$0	–	-5,653	–	-0.31%	–
MA	Exit	Mastercard Inc.	$0	–	-9,691	–	-0.31%	–
ABBV	Exit	Abbvie Inc.	$0	–	-25,548	–	-0.35%	–
PEP	Exit	PepsiCo Inc.	$0	–	-23,058	–	-0.37%	–
GLW	Exit	Corning Inc.	$0	–	-78,143	–	-0.40%	–
LLY	Exit	Lilly (Eli) & Company	$0	–	-26,316	–	-0.41%	–
GOOG	Exit	Alphabet Inc. Class C	$0	–	-2,444	–	-0.42%	–
GOOGL	Exit	Alphabet Inc. Class A	$0	–	-2,589	–	-0.45%	–
UTX	Exit	United Technologies Corp.	$0	–	-22,974	–	-0.46%	–
INTC	Exit	Intel Corporation	$0	–	-68,060	–	-0.46%	–
NKE	Exit	Nike Inc. Class B	$0	–	-38,522	–	-0.47%	–
BAC	Exit	Bank of America Corporation	$0	–	-152,000	–	-0.65%	–
MCD	Exit	McDonald's Corporation	$0	–	-27,699	–	-0.67%	–
JNJ	Exit	Johnson & Johnson	$0	–	-33,770	–	-0.67%	–
MPC	Exit	Marathon Petroleum Corp.	$0	–	-117,967	–	-1.36%	–
AMZN	Exit	Amazon.com Inc.	$0	–	-4,830	–	-1.40%	–
KLAC	Exit	KLA-Tencor Corp.	$0	–	-98,728	–	-1.45%	–
EMN	Exit	Eastman Chemical Co.	$0	–	-113,561	–	-1.57%	–
BLK	Exit	BlackRock Inc.	$0	–	-23,069	–	-1.57%	–
BBT	Exit	BB&T Corp.	$0	–	-268,965	–	-1.89%	–
STI	Exit	Suntrust Banks, Incorporated	$0	–	-198,464	–	-1.92%	–
AMGN	Exit	Amgen Inc.	$0	–	-64,094	–	-1.92%	–
CMCSA	Exit	Comcast Corp. Class A	$0	–	-383,791	–	-1.96%	–
DIS	Exit	Walt Disney Co.	$0	–	-118,198	–	-2.00%	–
MXIM	Exit	Maxim Integrated Products	$0	–	-250,201	–	-2.04%	–
SYK	Exit	Stryker Corporation	$0	–	-79,538	–	-2.04%	–
HD	Exit	Home Depot Inc.	$0	–	-68,726	–	-2.06%	–
ACN	Exit	Accenture PLC	$0	–	-84,758	–	-2.08%	–
LMT	Exit	Lockheed Martin Corp.	$0	–	-46,342	–	-2.32%	–
TEL	Exit	TE Connectivity Limited Reg Sh	$0	–	-182,872	–	-2.32%	–
ABT	Exit	Abbott Labs Inc.	$0	–	-225,161	–	-2.39%	–
AMT	Exit	American Tower Corp.	$0	–	-113,802	–	-2.39%	–
HAS	Exit	Hasbro Inc.	$0	–	-177,846	–	-2.70%	–
LOW	Exit	Lowes Companies Inc.	$0	–	-167,676	–	-2.78%	–
RTN	Exit	Raytheon Co.	$0	–	-93,906	–	-2.80%	–
TXN	Exit	Texas Instruments Inc.	$0	–	-187,172	–	-2.90%	–
ADI	Exit	Analog Devices Inc.	$0	–	-218,046	–	-2.91%	–
HON	Exit	Honeywell Inc.	$0	–	-123,043	–	-2.96%	–
BDX	Exit	Becton, Dickinson & Co.	$0	–	-82,723	–	-3.12%	–
UNH	Exit	UnitedHealth Group	$0	–	-87,683	–	-3.37%	–
V	Exit	Visa Inc. Class A	$0	–	-167,691	–	-3.64%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-520,269	–	-3.66%	–
JPM	Exit	JP Morgan Chase & Co.	$0	–	-256,552	–	-4.18%	–
AAPL	Exit	Apple Computer Inc.	$0	–	-141,522	–	-4.62%	–
MSFT	Exit	Microsoft Corp.	$0	–	-293,888	–	-4.86%	–
IFF	Exit	Intl. Flavors & Fragrances Inc	$0	–	-250,000	–	-5.03%	–

Q3 2018

			Value		Shares		↓ Weighting
MSFT	Sell	Microsoft Corp.	$33,612,000	+14.5%	293,888	-1.3%	4.86%	+7.0%
AAPL	Sell	Apple Computer Inc.	$31,947,000	+4.5%	141,522	-14.3%	4.62%	-2.3%
JPM	Sell	JP Morgan Chase & Co.	$28,950,000	+6.5%	256,552	-1.6%	4.18%	-0.4%
CSCO	Sell	Cisco Systems Inc.	$25,312,000	+10.5%	520,269	-2.3%	3.66%	+3.3%
V	Sell	Visa Inc. Class A	$25,168,000	+11.1%	167,691	-1.9%	3.64%	+3.8%
UNH	Sell	UnitedHealth Group	$23,327,000	+6.5%	87,683	-1.8%	3.37%	-0.5%
BDX	Sell	Becton, Dickinson & Co.	$21,590,000	+6.6%	82,723	-2.1%	3.12%	-0.4%
HON	Sell	Honeywell Inc.	$20,474,000	+12.3%	123,043	-2.8%	2.96%	+4.9%
ADI	Sell	Analog Devices Inc.	$20,160,000	-5.4%	218,046	-1.8%	2.91%	-11.6%
TXN	Sell	Texas Instruments Inc.	$20,081,000	-4.6%	187,172	-1.9%	2.90%	-10.8%
RTN	Sell	Raytheon Co.	$19,407,000	+4.8%	93,906	-2.1%	2.80%	-2.1%
LOW	Sell	Lowes Companies Inc.	$19,253,000	+17.6%	167,676	-2.1%	2.78%	+9.9%
HAS	Buy	Hasbro Inc.	$18,695,000	+43.0%	177,846	+25.6%	2.70%	+33.7%
AMT	Sell	American Tower Corp.	$16,536,000	-2.3%	113,802	-3.0%	2.39%	-8.7%
ABT	Buy	Abbott Labs Inc.	$16,518,000	+70.2%	225,161	+41.5%	2.39%	+59.0%
TEL	Sell	TE Connectivity Limited Reg Sh	$16,080,000	-5.7%	182,872	-3.4%	2.32%	-11.9%
LMT	Buy	Lockheed Martin Corp.	$16,032,000	+69.3%	46,342	+44.6%	2.32%	+58.3%
ACN	Sell	Accenture PLC	$14,425,000	+0.8%	84,758	-3.2%	2.08%	-5.8%
HD	Sell	Home Depot Inc.	$14,237,000	+5.0%	68,726	-1.2%	2.06%	-2.0%
SYK	Sell	Stryker Corporation	$14,132,000	+3.3%	79,538	-1.8%	2.04%	-3.5%
MXIM	Sell	Maxim Integrated Products	$14,109,000	-5.1%	250,201	-1.3%	2.04%	-11.3%
DIS	Sell	Walt Disney Co.	$13,822,000	+10.7%	118,198	-0.8%	2.00%	+3.4%
CMCSA	Sell	Comcast Corp. Class A	$13,590,000	+5.9%	383,791	-1.9%	1.96%	-1.1%
AMGN	Sell	Amgen Inc.	$13,286,000	+10.2%	64,094	-1.9%	1.92%	+2.9%
STI	Sell	Suntrust Banks, Incorporated	$13,255,000	-1.0%	198,464	-2.1%	1.92%	-7.4%
BBT	Sell	BB&T Corp.	$13,055,000	-5.7%	268,965	-2.0%	1.89%	-11.8%
EMN	Buy	Eastman Chemical Co.	$10,870,000	-3.7%	113,561	+0.5%	1.57%	-10.0%
BLK	Sell	BlackRock Inc.	$10,873,000	-45.3%	23,069	-42.1%	1.57%	-48.9%
KLAC	Buy	KLA-Tencor Corp.	$10,041,000	+0.6%	98,728	+1.4%	1.45%	-6.0%
AMZN	Sell	Amazon.com Inc.	$9,674,000	+17.8%	4,830	-0.1%	1.40%	+10.1%
MPC	New	Marathon Petroleum Corp.	$9,434,000	–	117,967	–	1.36%	–
NKE	Buy	Nike Inc. Class B	$3,263,000	+7.6%	38,522	+1.2%	0.47%	+0.6%
GOOGL	Sell	Alphabet Inc. Class A	$3,125,000	+6.6%	2,589	-0.3%	0.45%	-0.2%
PEP	Sell	PepsiCo Inc.	$2,578,000	+2.5%	23,058	-0.2%	0.37%	-4.1%
MA	Buy	Mastercard Inc.	$2,157,000	+15.8%	9,691	+2.2%	0.31%	+8.3%
NFLX	Sell	Netflix Inc.	$2,115,000	-14.6%	5,653	-10.6%	0.31%	-20.1%
FISV	Buy	Fiserv Inc.	$2,061,000	+13.1%	25,019	+1.7%	0.30%	+5.7%
FB	Buy	Facebook Inc. Class A	$1,342,000	-13.8%	8,163	+1.9%	0.19%	-19.5%
POOL	Buy	Pool Corp.	$1,326,000	+87.8%	7,948	+70.5%	0.19%	+76.1%
BA	Buy	Boeing Co.	$1,303,000	+13.7%	3,503	+2.5%	0.19%	+6.2%
FIVE	Buy	Five Below Inc.	$1,297,000	+40.5%	9,973	+5.5%	0.19%	+30.8%
TJX	Sell	TJX Companies Inc.	$1,254,000	+17.6%	11,192	-0.1%	0.18%	+9.7%
TMO	Buy	Thermo Fisher Scientific Inc.	$1,222,000	+21.2%	5,008	+2.9%	0.18%	+13.5%
USB	Buy	US Bancorp	$1,152,000	+7.4%	21,812	+1.7%	0.17%	0.0%
SBUX	Buy	Starbucks Corp.	$1,053,000	+19.3%	18,532	+2.5%	0.15%	+10.9%
FDX	Buy	FedEx Corp.	$1,012,000	+8.8%	4,203	+2.6%	0.15%	+1.4%
OLLI	Buy	Ollie's Bargain Outlet	$998,000	+39.6%	10,385	+5.3%	0.14%	+29.7%
IDTI	Buy	Integrated Device Technology	$885,000	+166.6%	18,820	+81.0%	0.13%	+151.0%
NVEE	Buy	NV5 Global Inc.	$870,000	+32.0%	10,035	+5.5%	0.13%	+23.5%
CBM	Buy	Cambrex Corp.	$867,000	+37.8%	12,675	+5.5%	0.12%	+28.9%
AVGO	Buy	Broadcom Inc.	$794,000	+7.0%	3,219	+5.3%	0.12%	0.0%
EPAM	Buy	EPAM Systems, Inc.	$782,000	+16.9%	5,677	+5.5%	0.11%	+9.7%
BRKS	Buy	Brooks Automation Inc.	$777,000	+13.3%	22,188	+5.5%	0.11%	+5.7%
CL	Sell	Colgate Palmolive Co.	$773,000	-5.5%	11,535	-8.6%	0.11%	-11.1%
BLKB	Buy	Blackbaud Inc.	$760,000	+4.4%	7,493	+5.4%	0.11%	-2.7%
BEAT	Buy	BioTelemetry Inc.	$761,000	+51.3%	11,802	+5.5%	0.11%	+41.0%
CVX	Sell	Chevron Corp.	$738,000	-6.0%	6,036	-2.8%	0.11%	-11.6%
ABTX	Buy	Allegiance Bancshares, Inc.	$725,000	+1.7%	17,378	+5.7%	0.10%	-4.5%
SUPN	Buy	Supernus Pharmaceuticals, Inc.	$730,000	-11.3%	14,501	+5.5%	0.10%	-17.3%
GS	Buy	Goldman Sachs Group Inc.	$714,000	+3.9%	3,186	+2.3%	0.10%	-2.8%
MTZ	Buy	MasTec Inc.	$703,000	-7.1%	15,739	+5.6%	0.10%	-12.8%
LGND	Sell	Ligand Pharmaceuticals Inc.	$689,000	-12.9%	2,509	-34.3%	0.10%	-18.0%
PTC	Buy	PTC Inc.	$679,000	+19.3%	6,398	+5.5%	0.10%	+11.4%
DY	Buy	Dycom Industries Inc.	$666,000	-5.7%	7,872	+5.5%	0.10%	-11.9%
CW	Buy	Curtiss-Wright Corp.	$641,000	+21.9%	4,661	+5.5%	0.09%	+14.8%
PLUS	Buy	ePlus Inc.	$638,000	+3.9%	6,884	+5.4%	0.09%	-3.2%
CMD	Buy	Cantel Medical Corporation	$621,000	-1.3%	6,743	+5.5%	0.09%	-7.2%
COR	Buy	CoreSite Realty Corp.	$617,000	+5.7%	5,556	+5.4%	0.09%	-1.1%
PETQ	New	PetIQ Inc. Class A	$596,000	–	15,154	–	0.09%	–
LHCG	New	LHC Group Inc.	$571,000	–	5,548	–	0.08%	–
KNX	Buy	Knight Swift Transportation HL	$577,000	-4.5%	16,745	+5.9%	0.08%	-10.8%
EGRX	Buy	Eagle Pharmaceuticals	$571,000	-3.4%	8,238	+5.5%	0.08%	-8.8%
CIEN	Buy	Ciena Corporation	$570,000	+24.2%	18,251	+5.5%	0.08%	+15.5%
MEDP	New	Medpace Holdings Inc.	$557,000	–	9,292	–	0.08%	–
FN	Buy	Fabrinet	$544,000	+32.0%	11,760	+5.2%	0.08%	+23.4%
EVR	Buy	Evercore Inc.	$546,000	+0.6%	5,431	+5.4%	0.08%	-6.0%
CEVA	Buy	CEVA Inc.	$549,000	+0.4%	19,079	+5.4%	0.08%	-7.1%
IART	Buy	Integra Lifesciences	$535,000	+7.9%	8,116	+5.5%	0.08%	0.0%
CONE	Buy	CyrusOne Inc.	$451,000	+14.5%	7,110	+5.4%	0.06%	+6.6%
MC	Buy	Moelis & Co. Class A	$453,000	-0.4%	8,273	+6.5%	0.06%	-7.1%
CELG	Buy	Celgene Corp.	$438,000	+15.9%	4,893	+2.8%	0.06%	+8.6%
MPWR	Buy	Monolithic Power Systems Incor	$430,000	-0.9%	3,423	+5.4%	0.06%	-7.5%
MKTX	Buy	MarketAxess Holdings Inc.	$426,000	-4.7%	2,385	+5.6%	0.06%	-10.1%
NUVA	Buy	NuVasive Inc.	$422,000	+43.5%	5,942	+5.3%	0.06%	+35.6%
CARO	Buy	Carolina Financial Corp.	$415,000	-6.3%	11,002	+6.5%	0.06%	-13.0%
POL	Buy	Polyone Corp.	$399,000	+6.7%	9,128	+5.5%	0.06%	0.0%
CORT	New	Corcept Therapeutics Inc.	$387,000	–	27,574	–	0.06%	–
FNKO	New	Funko Inc. Class A	$377,000	–	15,932	–	0.05%	–
FOE	Buy	Ferro Corp.	$373,000	+17.3%	16,065	+5.4%	0.05%	+10.2%
VRNT	Buy	Verint Systems Inc.	$354,000	+18.8%	7,064	+5.2%	0.05%	+10.9%
LGIH	Buy	LGI Homes Inc.	$332,000	-13.5%	7,006	+5.5%	0.05%	-18.6%
CBS	Sell	CBS Corp. Class B	$283,000	+0.4%	4,929	-1.9%	0.04%	-6.8%
ITW	Sell	Illinois Tool Works Inc.	$225,000	-10.0%	1,593	-11.8%	0.03%	-15.4%
CCS	Buy	Century Communities Inc.	$218,000	-12.4%	8,318	+5.2%	0.03%	-17.9%
ORLY	New	O Reilly Automotive	$208,000	–	600	–	0.03%	–
MXL	Exit	Maxlinear Inc. Class A	$0	–	-13,620	–	-0.03%	–
IBP	Exit	Installed Building Products	$0	–	-4,867	–	-0.04%	–
TREE	Exit	LendingTree Inc.	$0	–	-1,811	–	-0.06%	–
BLD	Exit	Topbuild Corp.	$0	–	-7,082	–	-0.09%	–
FCB	Exit	FCB Financial Holdings Inc. Cl	$0	–	-14,173	–	-0.13%	–
TRV	Exit	The Travelers Companies Inc.	$0	–	-70,692	–	-1.34%	–

Q2 2018

			Value		Shares		↓ Weighting
IFF	New	Intl. Flavors & Fragrances Inc	$30,990,000	–	250,000	–	4.79%	–
AAPL	New	Apple Computer Inc.	$30,574,000	–	165,170	–	4.73%	–
MSFT	New	Microsoft Corp.	$29,348,000	–	297,613	–	4.54%	–
JPM	New	JP Morgan Chase & Co.	$27,173,000	–	260,779	–	4.20%	–
CSCO	New	Cisco Systems Inc.	$22,908,000	–	532,376	–	3.54%	–
V	New	Visa Inc. Class A	$22,651,000	–	171,015	–	3.50%	–
UNH	New	UnitedHealth Group	$21,911,000	–	89,306	–	3.39%	–
ADI	New	Analog Devices Inc.	$21,300,000	–	222,063	–	3.29%	–
TXN	New	Texas Instruments Inc.	$21,043,000	–	190,866	–	3.25%	–
BDX	New	Becton, Dickinson & Co.	$20,245,000	–	84,507	–	3.13%	–
BLK	New	BlackRock Inc.	$19,894,000	–	39,864	–	3.08%	–
RTN	New	Raytheon Co.	$18,525,000	–	95,897	–	2.86%	–
HON	New	Honeywell Inc.	$18,235,000	–	126,588	–	2.82%	–
TEL	New	TE Connectivity Limited Reg Sh	$17,057,000	–	189,399	–	2.64%	–
AMT	New	American Tower Corp.	$16,922,000	–	117,379	–	2.62%	–
LOW	New	Lowes Companies Inc.	$16,369,000	–	171,277	–	2.53%	–
MXIM	New	Maxim Integrated Products	$14,863,000	–	253,370	–	2.30%	–
ACN	New	Accenture PLC	$14,317,000	–	87,517	–	2.21%	–
BBT	New	BB&T Corp.	$13,837,000	–	274,321	–	2.14%	–
SYK	New	Stryker Corporation	$13,682,000	–	81,024	–	2.12%	–
HD	New	Home Depot Inc.	$13,565,000	–	69,530	–	2.10%	–
STI	New	Suntrust Banks, Incorporated	$13,385,000	–	202,744	–	2.07%	–
HAS	New	Hasbro Inc.	$13,069,000	–	141,584	–	2.02%	–
CMCSA	New	Comcast Corp. Class A	$12,836,000	–	391,234	–	1.98%	–
DIS	New	Walt Disney Co.	$12,485,000	–	119,126	–	1.93%	–
AMGN	New	Amgen Inc.	$12,059,000	–	65,332	–	1.86%	–
EMN	New	Eastman Chemical Co.	$11,293,000	–	112,976	–	1.75%	–
KLAC	New	KLA-Tencor Corp.	$9,981,000	–	97,341	–	1.54%	–
ABT	New	Abbott Labs Inc.	$9,705,000	–	159,125	–	1.50%	–
LMT	New	Lockheed Martin Corp.	$9,467,000	–	32,043	–	1.46%	–
TRV	New	The Travelers Companies Inc.	$8,648,000	–	70,692	–	1.34%	–
AMZN	New	Amazon.com Inc.	$8,215,000	–	4,833	–	1.27%	–
MCD	New	McDonald's Corporation	$4,340,000	–	27,699	–	0.67%	–
BAC	New	Bank of America Corporation	$4,285,000	–	152,000	–	0.66%	–
JNJ	New	Johnson & Johnson	$4,098,000	–	33,770	–	0.63%	–
INTC	New	Intel Corporation	$3,383,000	–	68,060	–	0.52%	–
NKE	New	Nike Inc. Class B	$3,033,000	–	38,066	–	0.47%	–
GOOGL	New	Alphabet Inc. Class A	$2,932,000	–	2,596	–	0.45%	–
UTX	New	United Technologies Corp.	$2,872,000	–	22,974	–	0.44%	–
GOOG	New	Alphabet Inc. Class C	$2,727,000	–	2,444	–	0.42%	–
PEP	New	PepsiCo Inc.	$2,515,000	–	23,105	–	0.39%	–
NFLX	New	Netflix Inc.	$2,476,000	–	6,326	–	0.38%	–
ABBV	New	Abbvie Inc.	$2,367,000	–	25,548	–	0.37%	–
LLY	New	Lilly (Eli) & Company	$2,246,000	–	26,316	–	0.35%	–
GLW	New	Corning Inc.	$2,150,000	–	78,143	–	0.33%	–
MA	New	Mastercard Inc.	$1,863,000	–	9,479	–	0.29%	–
XOM	New	ExxonMobil Corp.	$1,835,000	–	22,176	–	0.28%	–
FISV	New	Fiserv Inc.	$1,823,000	–	24,604	–	0.28%	–
BMY	New	Bristol-Myers Squibb Company	$1,779,000	–	32,139	–	0.28%	–
IBM	New	International Business Machine	$1,773,000	–	12,689	–	0.27%	–
FB	New	Facebook Inc. Class A	$1,556,000	–	8,007	–	0.24%	–
PFE	New	Pfizer Inc.	$1,550,000	–	42,711	–	0.24%	–
WFC	New	Wells Fargo & Co.	$1,494,000	–	26,942	–	0.23%	–
KO	New	Coca-Cola Co.	$1,408,000	–	32,101	–	0.22%	–
NSC	New	Norfolk Southern Corporation	$1,383,000	–	9,165	–	0.21%	–
MRK	New	Merck & Company Incorporated	$1,184,000	–	19,510	–	0.18%	–
BA	New	Boeing Co.	$1,146,000	–	3,416	–	0.18%	–
DWDP	New	Dowdupont Inc.	$1,137,000	–	17,251	–	0.18%	–
USB	New	US Bancorp	$1,073,000	–	21,446	–	0.17%	–
TJX	New	TJX Companies Inc.	$1,066,000	–	11,203	–	0.16%	–
IWR	New	iShares Tr Russell Midcapexchange-traded	$1,031,000	–	4,861	–	0.16%	–
TMO	New	Thermo Fisher Scientific Inc.	$1,008,000	–	4,868	–	0.16%	–
FDX	New	FedEx Corp.	$930,000	–	4,096	–	0.14%	–
FIVE	New	Five Below Inc.	$923,000	–	9,451	–	0.14%	–
SBUX	New	Starbucks Corp.	$883,000	–	18,076	–	0.14%	–
HSY	New	Hershey Foods Corp.	$875,000	–	9,400	–	0.14%	–
BRKA	New	Berkshire Hathaway Inc. Class	$846,000	–	3	–	0.13%	–
FCB	New	FCB Financial Holdings Inc. Cl	$833,000	–	14,173	–	0.13%	–
SUPN	New	Supernus Pharmaceuticals, Inc.	$823,000	–	13,751	–	0.13%	–
CL	New	Colgate Palmolive Co.	$818,000	–	12,626	–	0.13%	–
LGND	New	Ligand Pharmaceuticals Inc.	$791,000	–	3,816	–	0.12%	–
CVX	New	Chevron Corp.	$785,000	–	6,211	–	0.12%	–
MTZ	New	MasTec Inc.	$757,000	–	14,911	–	0.12%	–
TROW	New	T Rowe Price Group Inc.	$755,000	–	6,500	–	0.12%	–
AVGO	New	Broadcom Inc.	$742,000	–	3,056	–	0.12%	–
BLKB	New	Blackbaud Inc.	$728,000	–	7,106	–	0.11%	–
PG	New	Procter & Gamble Co.	$715,000	–	9,158	–	0.11%	–
OLLI	New	Ollie's Bargain Outlet	$715,000	–	9,863	–	0.11%	–
ABTX	New	Allegiance Bancshares, Inc.	$713,000	–	16,439	–	0.11%	–
DY	New	Dycom Industries Inc.	$706,000	–	7,465	–	0.11%	–
POOL	New	Pool Corp.	$706,000	–	4,661	–	0.11%	–
T	New	AT&T Inc.	$699,000	–	21,780	–	0.11%	–
GS	New	Goldman Sachs Group Inc.	$687,000	–	3,113	–	0.11%	–
BRKS	New	Brooks Automation Inc.	$686,000	–	21,027	–	0.11%	–
GE	New	General Electric Co.	$674,000	–	49,552	–	0.10%	–
EPAM	New	EPAM Systems, Inc.	$669,000	–	5,383	–	0.10%	–
NVEE	New	NV5 Global Inc.	$659,000	–	9,512	–	0.10%	–
CBM	New	Cambrex Corp.	$629,000	–	12,018	–	0.10%	–
CMD	New	Cantel Medical Corporation	$629,000	–	6,394	–	0.10%	–
PLUS	New	ePlus Inc.	$614,000	–	6,530	–	0.10%	–
KNX	New	Knight Swift Transportation HL	$604,000	–	15,816	–	0.09%	–
EGRX	New	Eagle Pharmaceuticals	$591,000	–	7,808	–	0.09%	–
COR	New	CoreSite Realty Corp.	$584,000	–	5,273	–	0.09%	–
WMT	New	Wal-Mart Stores Inc.	$574,000	–	6,706	–	0.09%	–
PTC	New	PTC Inc.	$569,000	–	6,064	–	0.09%	–
BLD	New	Topbuild Corp.	$555,000	–	7,082	–	0.09%	–
CEVA	New	CEVA Inc.	$547,000	–	18,099	–	0.08%	–
EVR	New	Evercore Inc.	$543,000	–	5,151	–	0.08%	–
CW	New	Curtiss-Wright Corp.	$526,000	–	4,419	–	0.08%	–
BEAT	New	BioTelemetry Inc.	$503,000	–	11,186	–	0.08%	–
VZ	New	Verizon Communications	$501,000	–	9,963	–	0.08%	–
IART	New	Integra Lifesciences	$496,000	–	7,695	–	0.08%	–
CIEN	New	Ciena Corporation	$459,000	–	17,298	–	0.07%	–
MMM	New	3M Co.	$452,000	–	2,300	–	0.07%	–
MC	New	Moelis & Co. Class A	$455,000	–	7,766	–	0.07%	–
CARO	New	Carolina Financial Corp.	$443,000	–	10,327	–	0.07%	–
MKTX	New	MarketAxess Holdings Inc.	$447,000	–	2,259	–	0.07%	–
MPWR	New	Monolithic Power Systems Incor	$434,000	–	3,247	–	0.07%	–
PM	New	Philip Morris Intl. Inc.	$415,000	–	5,135	–	0.06%	–
FN	New	Fabrinet	$412,000	–	11,177	–	0.06%	–
CONE	New	CyrusOne Inc.	$394,000	–	6,745	–	0.06%	–
TREE	New	LendingTree Inc.	$387,000	–	1,811	–	0.06%	–
LGIH	New	LGI Homes Inc.	$384,000	–	6,643	–	0.06%	–
POL	New	Polyone Corp.	$374,000	–	8,653	–	0.06%	–
CELG	New	Celgene Corp.	$378,000	–	4,758	–	0.06%	–
JCI	New	Johnson Controls Intl PLC	$364,000	–	10,890	–	0.06%	–
IDTI	New	Integrated Device Technology	$332,000	–	10,400	–	0.05%	–
FOE	New	Ferro Corp.	$318,000	–	15,239	–	0.05%	–
QRVO	New	Qorvo Inc.	$306,000	–	3,821	–	0.05%	–
VRNT	New	Verint Systems Inc.	$298,000	–	6,715	–	0.05%	–
NUVA	New	NuVasive Inc.	$294,000	–	5,645	–	0.04%	–
CBS	New	CBS Corp. Class B	$282,000	–	5,022	–	0.04%	–
IBP	New	Installed Building Products	$275,000	–	4,867	–	0.04%	–
CCS	New	Century Communities Inc.	$249,000	–	7,906	–	0.04%	–
ITW	New	Illinois Tool Works Inc.	$250,000	–	1,807	–	0.04%	–
COP	New	ConocoPhillips	$215,000	–	3,091	–	0.03%	–
MXL	New	Maxlinear Inc. Class A	$212,000	–	13,620	–	0.03%	–
PBCT	New	Peoples United Financing	$181,000	–	10,000	–	0.03%	–

Q4 2017

			Value		Shares		↓ Weighting
SGRY	Exit	Surgery Partners, Inc.	$0	–	-14,510	–	-0.03%	–
PBCT	Exit	Peoples United Financing	$0	–	-10,000	–	-0.03%	–
VRNT	Exit	Verint Systems Inc.	$0	–	-5,022	–	-0.04%	–
FELE	Exit	Franklin Electric Inc.	$0	–	-4,900	–	-0.04%	–
NUVA	Exit	NuVasive Inc.	$0	–	-4,174	–	-0.04%	–
IBP	Exit	Installed Building Products	$0	–	-3,624	–	-0.04%	–
MXL	Exit	Maxlinear Inc. Class A	$0	–	-10,165	–	-0.04%	–
HAWK	Exit	Blackhawk Network Holdings	$0	–	-5,594	–	-0.04%	–
EFII	Exit	Electronics for Imaging	$0	–	-5,925	–	-0.04%	–
FOE	Exit	Ferro Corp.	$0	–	-11,423	–	-0.05%	–
MPWR	Exit	Monolithic Power Systems Incor	$0	–	-2,414	–	-0.05%	–
POL	Exit	Polyone Corp.	$0	–	-6,486	–	-0.05%	–
ITW	Exit	Illinois Tool Works Inc.	$0	–	-1,807	–	-0.05%	–
NOC	Exit	Northrop Grumman Corp.	$0	–	-950	–	-0.05%	–
BEAT	Exit	Biotelemetry Inc.	$0	–	-8,338	–	-0.05%	–
IART	Exit	Integra Lifesciences	$0	–	-5,730	–	-0.05%	–
MTSI	Exit	Macom Tech Solutions H	$0	–	-6,485	–	-0.05%	–
CBS	Exit	CBS Corp. Class B	$0	–	-4,962	–	-0.05%	–
CONE	Exit	CyrusOne Inc.	$0	–	-5,047	–	-0.05%	–
FN	Exit	Fabrinet	$0	–	-8,278	–	-0.06%	–
QRVO	Exit	Qorvo Inc.	$0	–	-4,314	–	-0.06%	–
TTEC	Exit	Teletech Holdings Inc.	$0	–	-7,345	–	-0.06%	–
KNX	Exit	Knight Swift Transportation HL	$0	–	-7,467	–	-0.06%	–
SHEN	Exit	Shenandoah Telecomm	$0	–	-8,216	–	-0.06%	–
EVR	Exit	Evercore Inc.	$0	–	-3,837	–	-0.06%	–
EEFT	Exit	Euronet Worldwide Inc.	$0	–	-3,277	–	-0.06%	–
ALL	Exit	Allstate Corp.	$0	–	-3,416	–	-0.06%	–
ABTX	Exit	Allegiance Bancshares, Inc.	$0	–	-8,663	–	-0.06%	–
CW	Exit	Curtiss-Wright Corp.	$0	–	-3,313	–	-0.06%	–
BLD	Exit	Topbuild Corp.	$0	–	-5,272	–	-0.06%	–
MSCC	Exit	Microsemi Corp.	$0	–	-7,144	–	-0.07%	–
PTC	Exit	PTC Inc.	$0	–	-6,717	–	-0.07%	–
POOL	Exit	Pool Corp.	$0	–	-3,494	–	-0.07%	–
NVEE	Exit	NV5 Global Inc.	$0	–	-7,089	–	-0.07%	–
LGND	Exit	Ligand Pharmaceuticals Inc.	$0	–	-2,858	–	-0.07%	–
SUPN	Exit	Supernus Pharmaceuticals, Inc.	$0	–	-10,250	–	-0.07%	–
COR	Exit	CoreSite Realty Corp.	$0	–	-3,949	–	-0.08%	–
JCI	Exit	Johnson Controls Intl PLC	$0	–	-10,890	–	-0.08%	–
CMD	Exit	Cantel Medical Corporation	$0	–	-4,764	–	-0.08%	–
PLUS	Exit	ePlus Inc.	$0	–	-4,895	–	-0.08%	–
BLKB	Exit	Blackbaud Inc.	$0	–	-5,325	–	-0.08%	–
OLLI	Exit	Ollie's Bargain Outlet	$0	–	-10,126	–	-0.08%	–
AMWD	Exit	American Woodmark Corp.	$0	–	-4,955	–	-0.08%	–
MKTX	Exit	MarketAxess Holdings Inc.	$0	–	-2,599	–	-0.09%	–
DY	Exit	Dycom Industries Inc.	$0	–	-5,567	–	-0.09%	–
CBM	Exit	Cambrex Corp.	$0	–	-9,006	–	-0.09%	–
FCB	Exit	FCB Financial Holdings Inc. Cl	$0	–	-10,564	–	-0.09%	–
AGN	Exit	Allergan PLC	$0	–	-2,518	–	-0.09%	–
WMT	Exit	Wal-Mart Stores Inc.	$0	–	-6,706	–	-0.09%	–
ABT	Exit	Abbott Labs Inc.	$0	–	-9,883	–	-0.09%	–
CEVA	Exit	CEVA Inc.	$0	–	-13,495	–	-0.10%	–
TROW	Exit	T Rowe Price Group Inc.	$0	–	-6,500	–	-0.10%	–
LGIH	Exit	LGI Homes Inc.	$0	–	-12,324	–	-0.11%	–
TREE	Exit	Lendingtree Inc.	$0	–	-2,693	–	-0.12%	–
PM	Exit	Philip Morris Intl. Inc.	$0	–	-6,345	–	-0.13%	–
TMO	Exit	Thermo Fisher Scientific Inc.	$0	–	-3,904	–	-0.13%	–
CELG	Exit	Celgene Corp.	$0	–	-5,102	–	-0.13%	–
GS	Exit	Goldman Sachs Group Inc.	$0	–	-3,176	–	-0.14%	–
AVGO	Exit	Broadcom Limited	$0	–	-3,220	–	-0.14%	–
BRKA	Exit	Berkshire Hathaway Inc. Class	$0	–	-3	–	-0.15%	–
CVX	Exit	Chevron Corp.	$0	–	-7,449	–	-0.16%	–
BA	Exit	Boeing Co.	$0	–	-3,490	–	-0.16%	–
TJX	Exit	TJX Companies Inc.	$0	–	-12,051	–	-0.16%	–
IWR	Exit	iShares Tr Russell Midcapexchange-traded	$0	–	-4,861	–	-0.17%	–
FDX	Exit	FedEx Corp.	$0	–	-4,416	–	-0.18%	–
SBUX	Exit	Starbucks Corp.	$0	–	-18,882	–	-0.18%	–
HSY	Exit	Hershey Foods Corp.	$0	–	-9,543	–	-0.19%	–
PG	Exit	Procter & Gamble Co.	$0	–	-11,944	–	-0.19%	–
VZ	Exit	Verizon Communications	$0	–	-22,582	–	-0.20%	–
DWDP	Exit	Dowdupont Inc.	$0	–	-17,251	–	-0.21%	–
NSC	Exit	Norfolk Southern Corporation	$0	–	-9,165	–	-0.22%	–
NFLX	Exit	Netflix Inc.	$0	–	-6,825	–	-0.22%	–
CL	Exit	Colgate Palmolive Co.	$0	–	-18,806	–	-0.24%	–
FB	Exit	Facebook Inc. Class A	$0	–	-8,185	–	-0.25%	–
USB	Exit	US Bancorp	$0	–	-26,254	–	-0.25%	–
PFE	Exit	Pfizer Inc.	$0	–	-40,086	–	-0.26%	–
MA	Exit	Mastercard Inc.	$0	–	-11,024	–	-0.28%	–
KO	Exit	Coca-Cola Co.	$0	–	-34,963	–	-0.28%	–
FISV	Exit	Fiserv Inc.	$0	–	-12,624	–	-0.29%	–
WFC	Exit	Wells Fargo & Co.	$0	–	-29,909	–	-0.30%	–
T	Exit	AT&T Inc.	$0	–	-44,004	–	-0.31%	–
MRK	Exit	Merck & Company Incorporated	$0	–	-28,665	–	-0.33%	–
NKE	Exit	Nike Inc. Class B	$0	–	-41,598	–	-0.39%	–
BMY	Exit	Bristol-Myers Squibb Company	$0	–	-34,449	–	-0.39%	–
LLY	Exit	Lilly (Eli) & Company	$0	–	-26,316	–	-0.40%	–
ABBV	Exit	Abbvie Inc.	$0	–	-25,548	–	-0.41%	–
GLW	Exit	Corning Inc.	$0	–	-78,143	–	-0.42%	–
GOOG	Exit	Alphabet Inc. Class C	$0	–	-2,444	–	-0.42%	–
GE	Exit	General Electric Co.	$0	–	-99,884	–	-0.43%	–
GOOGL	Exit	Alphabet Inc. Class A	$0	–	-2,609	–	-0.46%	–
INTC	Exit	Intel Corporation	$0	–	-68,060	–	-0.46%	–
UTX	Exit	United Technologies Corp.	$0	–	-23,432	–	-0.49%	–
PEP	Exit	PepsiCo Inc.	$0	–	-24,824	–	-0.50%	–
BAC	Exit	Bank of America Corporation	$0	–	-152,000	–	-0.69%	–
MCD	Exit	McDonald's Corporation	$0	–	-27,699	–	-0.78%	–
JNJ	Exit	Johnson & Johnson	$0	–	-35,823	–	-0.83%	–
AMZN	Exit	Amazon.com Inc.	$0	–	-4,848	–	-0.83%	–
BBT	Exit	BB&T Corp.	$0	–	-166,016	–	-1.39%	–
MMM	Exit	3M Co.	$0	–	-43,194	–	-1.62%	–
LMT	Exit	Lockheed Martin Corp.	$0	–	-30,474	–	-1.69%	–
IBM	Exit	International Business Machine	$0	–	-70,205	–	-1.82%	–
SYK	Exit	Stryker Corporation	$0	–	-72,838	–	-1.85%	–
ACN	Exit	Accenture PLC	$0	–	-80,024	–	-1.93%	–
DIS	Exit	Walt Disney Co.	$0	–	-110,704	–	-1.95%	–
HD	Exit	Home Depot Inc.	$0	–	-66,996	–	-1.96%	–
TEL	Exit	TE Connectivity Limited Reg Sh	$0	–	-132,829	–	-1.97%	–
STI	Exit	Suntrust Banks, Incorporated	$0	–	-189,533	–	-2.03%	–
MXIM	Exit	Maxim Integrated Products	$0	–	-239,429	–	-2.04%	–
AMGN	Exit	Amgen Inc.	$0	–	-61,828	–	-2.06%	–
LOW	Exit	Lowes Companies Inc.	$0	–	-161,013	–	-2.30%	–
TRV	Exit	The Travelers Companies Inc.	$0	–	-107,946	–	-2.37%	–
HAS	Exit	Hasbro Inc.	$0	–	-137,493	–	-2.40%	–
XOM	Exit	ExxonMobil Corp.	$0	–	-172,354	–	-2.53%	–
CMCSA	Exit	Comcast Corp. Class A	$0	–	-374,097	–	-2.58%	–
AMT	Exit	American Tower Corp.	$0	–	-108,403	–	-2.65%	–
BDX	Exit	Becton, Dickinson & Co.	$0	–	-78,830	–	-2.76%	–
V	Exit	Visa Inc. Class A	$0	–	-151,887	–	-2.86%	–
TXN	Exit	Texas Instruments Inc.	$0	–	-180,155	–	-2.89%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-489,893	–	-2.95%	–
UNH	Exit	UnitedHealth Group	$0	–	-84,744	–	-2.97%	–
BLK	Exit	BlackRock Inc.	$0	–	-37,549	–	-3.00%	–
RTN	Exit	Raytheon Co.	$0	–	-90,520	–	-3.02%	–
HON	Exit	Honeywell Inc.	$0	–	-119,632	–	-3.03%	–
ADI	Exit	Analog Devices Inc.	$0	–	-207,880	–	-3.20%	–
MSFT	Exit	Microsoft Corp.	$0	–	-292,474	–	-3.90%	–
JPM	Exit	JP Morgan Chase & Co.	$0	–	-246,755	–	-4.22%	–
AAPL	Exit	Apple Computer Inc.	$0	–	-158,966	–	-4.38%	–
IFF	Exit	Intl. Flavors & Fragrances Inc	$0	–	-250,000	–	-6.39%	–

Q3 2017

			Value		Shares		↓ Weighting
AAPL	Sell	Apple Computer Inc.	$24,500,000	+3.1%	158,966	-3.7%	4.38%	+2.5%
JPM	Sell	JP Morgan Chase & Co.	$23,567,000	+0.1%	246,755	-4.2%	4.22%	-0.4%
MSFT	Sell	Microsoft Corp.	$21,786,000	-17.0%	292,474	-23.2%	3.90%	-17.4%
ADI	Sell	Analog Devices Inc.	$17,913,000	+5.1%	207,880	-5.1%	3.20%	+4.6%
HON	Sell	Honeywell Inc.	$16,956,000	+1.0%	119,632	-5.0%	3.03%	+0.5%
RTN	Sell	Raytheon Co.	$16,889,000	+9.1%	90,520	-5.6%	3.02%	+8.5%
BLK	Sell	BlackRock Inc.	$16,787,000	+0.6%	37,549	-5.0%	3.00%	+0.1%
UNH	Sell	UnitedHealth Group	$16,597,000	+0.4%	84,744	-4.9%	2.97%	-0.1%
CSCO	Sell	Cisco Systems Inc.	$16,475,000	+2.7%	489,893	-4.4%	2.95%	+2.2%
TXN	Sell	Texas Instruments Inc.	$16,149,000	+10.5%	180,155	-5.2%	2.89%	+9.9%
V	Buy	Visa Inc. Class A	$15,984,000	+1913.1%	151,887	+1693.7%	2.86%	+1900.0%
BDX	Sell	Becton, Dickinson & Co.	$15,446,000	-5.1%	78,830	-5.5%	2.76%	-5.6%
AMT	Sell	American Tower Corp.	$14,816,000	-2.9%	108,403	-6.0%	2.65%	-3.5%
CMCSA	Sell	Comcast Corp. Class A	$14,396,000	-5.9%	374,097	-4.8%	2.58%	-6.4%
XOM	Sell	ExxonMobil Corp.	$14,130,000	-4.9%	172,354	-6.4%	2.53%	-5.4%
HAS	Sell	Hasbro Inc.	$13,429,000	-16.4%	137,493	-4.5%	2.40%	-16.8%
TRV	Sell	The Travelers Companies Inc.	$13,225,000	-8.9%	107,946	-5.9%	2.37%	-9.4%
LOW	Sell	Lowes Companies Inc.	$12,872,000	-2.3%	161,013	-5.3%	2.30%	-2.8%
AMGN	Sell	Amgen Inc.	$11,528,000	+3.0%	61,828	-4.9%	2.06%	+2.5%
MXIM	Sell	Maxim Integrated Products	$11,423,000	+1.1%	239,429	-4.8%	2.04%	+0.6%
STI	Sell	Suntrust Banks, Incorporated	$11,328,000	-0.5%	189,533	-5.5%	2.03%	-1.0%
TEL	Sell	TE Connectivity Limited Reg Sh	$11,033,000	+2.4%	132,829	-3.0%	1.97%	+1.9%
HD	Sell	Home Depot Inc.	$10,958,000	+2.2%	66,996	-4.2%	1.96%	+1.7%
DIS	Sell	Walt Disney Co.	$10,912,000	-10.5%	110,704	-3.5%	1.95%	-10.9%
ACN	Sell	Accenture PLC	$10,808,000	+4.7%	80,024	-4.1%	1.93%	+4.2%
SYK	Sell	Stryker Corporation	$10,344,000	-3.3%	72,838	-5.5%	1.85%	-3.8%
IBM	Sell	International Business Machine	$10,185,000	-13.3%	70,205	-8.1%	1.82%	-13.8%
LMT	Sell	Lockheed Martin Corp.	$9,455,000	+6.0%	30,474	-5.1%	1.69%	+5.5%
MMM	Sell	3M Co.	$9,067,000	-4.4%	43,194	-5.2%	1.62%	-4.9%
BBT	Sell	BB&T Corp.	$7,793,000	-1.7%	166,016	-4.9%	1.39%	-2.2%
AMZN	Buy	Amazon.com Inc.	$4,661,000	+4.7%	4,848	+5.4%	0.83%	+4.1%
PEP	Buy	PepsiCo Inc.	$2,766,000	-3.2%	24,824	+0.3%	0.50%	-3.7%
INTC	Sell	Intel Corporation	$2,592,000	+9.6%	68,060	-2.9%	0.46%	+9.2%
GOOGL	Buy	Alphabet Inc. Class A	$2,541,000	+5.5%	2,609	+0.7%	0.46%	+5.1%
GE	Sell	General Electric Co.	$2,415,000	-11.7%	99,884	-1.4%	0.43%	-12.2%
BMY	Sell	Bristol-Myers Squibb Company	$2,196,000	+11.6%	34,449	-2.4%	0.39%	+11.0%
NKE	Sell	Nike Inc. Class B	$2,157,000	-12.2%	41,598	-0.1%	0.39%	-12.7%
WFC	Sell	Wells Fargo & Co.	$1,649,000	-4.9%	29,909	-4.4%	0.30%	-5.4%
FISV	Buy	Fiserv Inc.	$1,628,000	+6.3%	12,624	+0.8%	0.29%	+5.4%
KO	Sell	Coca-Cola Co.	$1,574,000	-0.9%	34,963	-1.2%	0.28%	-1.4%
MA	Buy	Mastercard Inc.	$1,557,000	+17.9%	11,024	+1.3%	0.28%	+17.2%
USB	Buy	US Bancorp	$1,407,000	+3.8%	26,254	+0.5%	0.25%	+3.3%
FB	Buy	Facebook Inc. Class A	$1,399,000	+17.4%	8,185	+3.7%	0.25%	+16.8%
NFLX	Buy	Netflix Inc.	$1,238,000	+23.1%	6,825	+1.3%	0.22%	+22.7%
DWDP	New	Dowdupont Inc.	$1,194,000	–	17,251	–	0.21%	–
VZ	Sell	Verizon Communications	$1,118,000	+8.2%	22,582	-2.4%	0.20%	+7.5%
SBUX	Buy	Starbucks Corp.	$1,014,000	-6.5%	18,882	+1.4%	0.18%	-7.2%
FDX	Sell	FedEx Corp.	$996,000	+2.2%	4,416	-1.5%	0.18%	+1.7%
BA	Buy	Boeing Co.	$887,000	+30.8%	3,490	+1.8%	0.16%	+30.3%
TJX	Buy	TJX Companies Inc.	$889,000	+3.3%	12,051	+1.0%	0.16%	+2.6%
AVGO	Buy	Broadcom Limited	$781,000	+6.7%	3,220	+2.5%	0.14%	+6.1%
GS	Buy	Goldman Sachs Group Inc.	$753,000	+8.5%	3,176	+1.6%	0.14%	+8.0%
CELG	Buy	Celgene Corp.	$744,000	+13.8%	5,102	+1.3%	0.13%	+12.7%
TMO	Buy	Thermo Fisher Scientific Inc.	$739,000	+9.8%	3,904	+1.2%	0.13%	+9.1%
TREE	Sell	Lendingtree Inc.	$658,000	+22.3%	2,693	-13.8%	0.12%	+21.6%
LGIH	Buy	LGI Homes Inc.	$599,000	+38.7%	12,324	+14.7%	0.11%	+37.2%
CEVA	Buy	CEVA Inc.	$578,000	+8.0%	13,495	+14.7%	0.10%	+7.3%
AGN	Buy	Allergan PLC	$516,000	-14.4%	2,518	+1.5%	0.09%	-14.8%
FCB	Buy	FCB Financial Holdings Inc. Cl	$510,000	+15.9%	10,564	+14.7%	0.09%	+15.2%
CBM	Buy	Cambrex Corp.	$495,000	+5.3%	9,006	+14.6%	0.09%	+4.7%
MKTX	Buy	MarketAxess Holdings Inc.	$480,000	+5.5%	2,599	+14.9%	0.09%	+4.9%
DY	Buy	Dycom Industries Inc.	$478,000	+9.9%	5,567	+14.7%	0.09%	+10.3%
AMWD	Buy	American Woodmark Corp.	$477,000	+15.5%	4,955	+14.6%	0.08%	+14.9%
OLLI	Buy	Ollie's Bargain Outlet	$470,000	+25.0%	10,126	+14.7%	0.08%	+23.5%
BLKB	Buy	Blackbaud Inc.	$468,000	+17.3%	5,325	+14.6%	0.08%	+16.7%
PLUS	Buy	ePlus Inc.	$453,000	+42.9%	4,895	+14.6%	0.08%	+42.1%
CMD	Buy	Cantel Medical Corporation	$449,000	+38.6%	4,764	+14.7%	0.08%	+37.9%
COR	Buy	CoreSite Realty Corp.	$442,000	+23.8%	3,949	+14.6%	0.08%	+23.4%
JCI	Sell	Johnson Controls Intl PLC	$439,000	-11.1%	10,890	-4.4%	0.08%	-11.2%
SUPN	Buy	Supernus Pharmaceuticals, Inc.	$410,000	+6.5%	10,250	+14.7%	0.07%	+5.8%
LGND	Buy	Ligand Pharmaceuticals Inc.	$389,000	+28.4%	2,858	+14.6%	0.07%	+27.3%
NVEE	New	NV5 Global Inc.	$387,000	–	7,089	–	0.07%	–
PTC	Buy	PTC Inc.	$378,000	+17.0%	6,717	+14.6%	0.07%	+17.2%
POOL	Buy	Pool Corp.	$378,000	+5.3%	3,494	+14.6%	0.07%	+4.6%
MSCC	Buy	Microsemi Corp.	$368,000	+26.0%	7,144	+14.6%	0.07%	+24.5%
BLD	New	Topbuild Corp.	$344,000	–	5,272	–	0.06%	–
CW	Buy	Curtiss-Wright Corp.	$346,000	+30.6%	3,313	+14.6%	0.06%	+29.2%
ABTX	Buy	Allegiance Bancshares, Inc.	$319,000	+10.4%	8,663	+14.7%	0.06%	+9.6%
EEFT	Buy	Euronet Worldwide Inc.	$311,000	+24.4%	3,277	+14.6%	0.06%	+24.4%
KNX	New	Knight Swift Transportation HL	$310,000	–	7,467	–	0.06%	–
FN	Buy	Fabrinet	$307,000	-0.3%	8,278	+14.8%	0.06%	0.0%
SHEN	Buy	Shenandoah Telecomm	$306,000	+39.1%	8,216	+14.7%	0.06%	+37.5%
QRVO	Buy	Qorvo Inc.	$305,000	+13.4%	4,314	+1.7%	0.06%	+14.6%
TTEC	Buy	Teletech Holdings Inc.	$307,000	+17.6%	7,345	+14.6%	0.06%	+17.0%
EVR	Buy	Evercore Inc.	$308,000	+30.5%	3,837	+14.7%	0.06%	+31.0%
CONE	Buy	CyrusOne Inc.	$297,000	+20.7%	5,047	+14.6%	0.05%	+20.5%
CBS	Buy	CBS Corp. Class B	$288,000	-7.4%	4,962	+1.7%	0.05%	-7.1%
MTSI	Buy	Macom Tech Solutions H	$289,000	-8.3%	6,485	+14.8%	0.05%	-8.8%
IART	Buy	Integra Lifesciences	$289,000	+6.2%	5,730	+14.8%	0.05%	+6.1%
BEAT	New	Biotelemetry Inc.	$275,000	–	8,338	–	0.05%	–
POL	Buy	Polyone Corp.	$260,000	+18.7%	6,486	+14.6%	0.05%	+20.5%
FOE	New	Ferro Corp.	$255,000	–	11,423	–	0.05%	–
MPWR	Buy	Monolithic Power Systems Incor	$257,000	+26.6%	2,414	+14.7%	0.05%	+24.3%
EFII	Buy	Electronics for Imaging	$253,000	+3.3%	5,925	+14.6%	0.04%	+2.3%
HAWK	Buy	Blackhawk Network Holdings	$245,000	+15.0%	5,594	+14.6%	0.04%	+15.8%
MXL	Buy	Maxlinear Inc. Class A	$241,000	-2.4%	10,165	+14.7%	0.04%	-2.3%
IBP	Sell	Installed Building Products	$235,000	-30.3%	3,624	-43.1%	0.04%	-31.1%
NUVA	Buy	NuVasive Inc.	$231,000	-17.2%	4,174	+15.0%	0.04%	-18.0%
FELE	New	Franklin Electric Inc.	$220,000	–	4,900	–	0.04%	–
VRNT	New	Verint Systems Inc.	$210,000	–	5,022	–	0.04%	–
SGRY	Buy	Surgery Partners, Inc.	$150,000	-47.9%	14,510	+14.7%	0.03%	-48.1%
EGRX	Exit	Eagle Pharmaceuticals	$0	–	-2,693	–	-0.04%	–
SWFT	Exit	Swift Transportation Co. Cl A	$0	–	-9,100	–	-0.04%	–
WBA	Exit	Walgreens Boots Alliance Inc.	$0	–	-7,749	–	-0.11%	–
DD	Exit	Du Pont EI De Nemours & Co.	$0	–	-13,352	–	-0.19%	–
CAH	Exit	Cardinal Health Inc.	$0	–	-145,572	–	-2.04%	–

Q2 2017

			Value		Shares		↓ Weighting
IFF	New	Intl. Flavors & Fragrances Inc	$33,750,000	–	250,000	–	6.07%	–
MSFT	New	Microsoft Corp.	$26,234,000	–	380,592	–	4.72%	–
AAPL	New	Apple Computer Inc.	$23,766,000	–	165,022	–	4.28%	–
JPM	New	JP Morgan Chase & Co.	$23,545,000	–	257,606	–	4.24%	–
ADI	New	Analog Devices Inc.	$17,042,000	–	219,044	–	3.06%	–
HON	New	Honeywell Inc.	$16,792,000	–	125,980	–	3.02%	–
BLK	New	BlackRock Inc.	$16,692,000	–	39,516	–	3.00%	–
UNH	New	UnitedHealth Group	$16,531,000	–	89,154	–	2.97%	–
BDX	New	Becton, Dickinson & Co.	$16,273,000	–	83,404	–	2.93%	–
HAS	New	Hasbro Inc.	$16,059,000	–	144,014	–	2.89%	–
CSCO	New	Cisco Systems Inc.	$16,036,000	–	512,322	–	2.88%	–
RTN	New	Raytheon Co.	$15,476,000	–	95,841	–	2.78%	–
CMCSA	New	Comcast Corp. Class A	$15,295,000	–	392,966	–	2.75%	–
AMT	New	American Tower Corp.	$15,264,000	–	115,359	–	2.75%	–
XOM	New	ExxonMobil Corp.	$14,863,000	–	184,116	–	2.67%	–
TXN	New	Texas Instruments Inc.	$14,618,000	–	190,025	–	2.63%	–
TRV	New	The Travelers Companies Inc.	$14,516,000	–	114,728	–	2.61%	–
LOW	New	Lowes Companies Inc.	$13,176,000	–	169,944	–	2.37%	–
DIS	New	Walt Disney Co.	$12,190,000	–	114,725	–	2.19%	–
IBM	New	International Business Machine	$11,747,000	–	76,364	–	2.11%	–
STI	New	Suntrust Banks, Incorporated	$11,382,000	–	200,668	–	2.05%	–
CAH	New	Cardinal Health Inc.	$11,343,000	–	145,572	–	2.04%	–
MXIM	New	Maxim Integrated Products	$11,296,000	–	251,577	–	2.03%	–
AMGN	New	Amgen Inc.	$11,193,000	–	64,991	–	2.01%	–
TEL	New	TE Connectivity Limited Reg Sh	$10,776,000	–	136,949	–	1.94%	–
HD	New	Home Depot Inc.	$10,724,000	–	69,911	–	1.93%	–
SYK	New	Stryker Corporation	$10,701,000	–	77,107	–	1.92%	–
ACN	New	Accenture PLC	$10,321,000	–	83,452	–	1.86%	–
MMM	New	3M Co.	$9,483,000	–	45,548	–	1.71%	–
LMT	New	Lockheed Martin Corp.	$8,918,000	–	32,125	–	1.60%	–
BBT	New	BB&T Corp.	$7,930,000	–	174,618	–	1.43%	–
JNJ	New	Johnson & Johnson	$4,740,000	–	35,823	–	0.85%	–
AMZN	New	Amazon.com Inc.	$4,453,000	–	4,600	–	0.80%	–
MCD	New	McDonald's Corporation	$4,242,000	–	27,699	–	0.76%	–
BAC	New	Bank of America Corporation	$3,688,000	–	152,000	–	0.66%	–
UTX	New	United Technologies Corp.	$2,862,000	–	23,432	–	0.52%	–
PEP	New	PepsiCo Inc.	$2,857,000	–	24,740	–	0.51%	–
GE	New	General Electric Co.	$2,736,000	–	101,291	–	0.49%	–
NKE	New	Nike Inc. Class B	$2,456,000	–	41,633	–	0.44%	–
GOOGL	New	Alphabet Inc. Class A	$2,408,000	–	2,590	–	0.43%	–
INTC	New	Intel Corporation	$2,365,000	–	70,100	–	0.42%	–
GLW	New	Corning Inc.	$2,348,000	–	78,143	–	0.42%	–
GOOG	New	Alphabet Inc. Class C	$2,221,000	–	2,444	–	0.40%	–
LLY	New	Lilly (Eli) & Company	$2,166,000	–	26,316	–	0.39%	–
BMY	New	Bristol-Myers Squibb Company	$1,967,000	–	35,299	–	0.35%	–
ABBV	New	Abbvie Inc.	$1,852,000	–	25,548	–	0.33%	–
MRK	New	Merck & Company Incorporated	$1,837,000	–	28,665	–	0.33%	–
WFC	New	Wells Fargo & Co.	$1,734,000	–	31,299	–	0.31%	–
T	New	AT&T Inc.	$1,661,000	–	44,004	–	0.30%	–
KO	New	Coca-Cola Co.	$1,588,000	–	35,398	–	0.29%	–
FISV	New	Fiserv Inc.	$1,532,000	–	12,521	–	0.28%	–
CL	New	Colgate Palmolive Co.	$1,394,000	–	18,806	–	0.25%	–
USB	New	US Bancorp	$1,356,000	–	26,113	–	0.24%	–
PFE	New	Pfizer Inc.	$1,346,000	–	40,086	–	0.24%	–
MA	New	Mastercard Inc.	$1,321,000	–	10,879	–	0.24%	–
FB	New	Facebook Inc. Class A	$1,192,000	–	7,894	–	0.21%	–
NSC	New	Norfolk Southern Corporation	$1,115,000	–	9,165	–	0.20%	–
SBUX	New	Starbucks Corp.	$1,085,000	–	18,613	–	0.20%	–
DD	New	Du Pont EI De Nemours & Co.	$1,078,000	–	13,352	–	0.19%	–
PG	New	Procter & Gamble Co.	$1,041,000	–	11,944	–	0.19%	–
VZ	New	Verizon Communications	$1,033,000	–	23,132	–	0.19%	–
HSY	New	Hershey Foods Corp.	$1,025,000	–	9,543	–	0.18%	–
NFLX	New	Netflix Inc.	$1,006,000	–	6,736	–	0.18%	–
FDX	New	FedEx Corp.	$975,000	–	4,485	–	0.18%	–
IWR	New	iShares Tr Russell Midcapexchange-traded	$934,000	–	4,861	–	0.17%	–
TJX	New	TJX Companies Inc.	$861,000	–	11,930	–	0.16%	–
V	New	Visa Inc. Class A	$794,000	–	8,468	–	0.14%	–
CVX	New	Chevron Corp.	$777,000	–	7,449	–	0.14%	–
BRKA	New	Berkshire Hathaway Inc. Class	$764,000	–	3	–	0.14%	–
PM	New	Philip Morris Intl. Inc.	$745,000	–	6,345	–	0.13%	–
AVGO	New	Broadcom Limited	$732,000	–	3,141	–	0.13%	–
GS	New	Goldman Sachs Group Inc.	$694,000	–	3,126	–	0.12%	–
BA	New	Boeing Co.	$678,000	–	3,428	–	0.12%	–
TMO	New	Thermo Fisher Scientific Inc.	$673,000	–	3,856	–	0.12%	–
CELG	New	Celgene Corp.	$654,000	–	5,039	–	0.12%	–
WBA	New	Walgreens Boots Alliance Inc.	$607,000	–	7,749	–	0.11%	–
AGN	New	Allergan PLC	$603,000	–	2,481	–	0.11%	–
TREE	New	Lendingtree Inc.	$538,000	–	3,125	–	0.10%	–
CEVA	New	CEVA Inc.	$535,000	–	11,766	–	0.10%	–
WMT	New	Wal-Mart Stores Inc.	$508,000	–	6,706	–	0.09%	–
JCI	New	Johnson Controls Intl PLC	$494,000	–	11,390	–	0.09%	–
TROW	New	T Rowe Price Group Inc.	$482,000	–	6,500	–	0.09%	–
ABT	New	Abbott Labs Inc.	$481,000	–	9,883	–	0.09%	–
CBM	New	Cambrex Corp.	$470,000	–	7,858	–	0.08%	–
MKTX	New	MarketAxess Holdings Inc.	$455,000	–	2,261	–	0.08%	–
FCB	New	FCB Financial Holdings Inc. Cl	$440,000	–	9,211	–	0.08%	–
DY	New	Dycom Industries Inc.	$435,000	–	4,854	–	0.08%	–
LGIH	New	LGI Homes Inc.	$432,000	–	10,745	–	0.08%	–
AMWD	New	American Woodmark Corp.	$413,000	–	4,324	–	0.07%	–
BLKB	New	Blackbaud Inc.	$399,000	–	4,648	–	0.07%	–
SUPN	New	Supernus Pharmaceuticals, Inc.	$385,000	–	8,938	–	0.07%	–
OLLI	New	Ollie's Bargain Outlet	$376,000	–	8,825	–	0.07%	–
POOL	New	Pool Corp.	$359,000	–	3,050	–	0.06%	–
COR	New	CoreSite Realty Corp.	$357,000	–	3,446	–	0.06%	–
IBP	New	Installed Building Products	$337,000	–	6,367	–	0.06%	–
CMD	New	Cantel Medical Corporation	$324,000	–	4,155	–	0.06%	–
PTC	New	PTC Inc.	$323,000	–	5,860	–	0.06%	–
MTSI	New	Macom Tech Solutions H	$315,000	–	5,650	–	0.06%	–
PLUS	New	ePlus Inc.	$317,000	–	4,272	–	0.06%	–
CBS	New	CBS Corp. Class B	$311,000	–	4,880	–	0.06%	–
FN	New	Fabrinet	$308,000	–	7,211	–	0.06%	–
LGND	New	Ligand Pharmaceuticals Inc.	$303,000	–	2,494	–	0.06%	–
ALL	New	Allstate Corp.	$302,000	–	3,416	–	0.05%	–
MSCC	New	Microsemi Corp.	$292,000	–	6,234	–	0.05%	–
ABTX	New	Allegiance Bancshares, Inc.	$289,000	–	7,552	–	0.05%	–
SGRY	New	Surgery Partners, Inc.	$288,000	–	12,649	–	0.05%	–
NUVA	New	NuVasive Inc.	$279,000	–	3,628	–	0.05%	–
IART	New	Integra Lifesciences	$272,000	–	4,991	–	0.05%	–
CW	New	Curtiss-Wright Corp.	$265,000	–	2,890	–	0.05%	–
QRVO	New	Qorvo Inc.	$269,000	–	4,242	–	0.05%	–
ITW	New	Illinois Tool Works Inc.	$259,000	–	1,807	–	0.05%	–
TTEC	New	Teletech Holdings Inc.	$261,000	–	6,407	–	0.05%	–
EEFT	New	Euronet Worldwide Inc.	$250,000	–	2,860	–	0.04%	–
NOC	New	Northrop Grumman Corp.	$244,000	–	950	–	0.04%	–
EFII	New	Electronics for Imaging	$245,000	–	5,171	–	0.04%	–
MXL	New	Maxlinear Inc. Class A	$247,000	–	8,865	–	0.04%	–
CONE	New	CyrusOne Inc.	$246,000	–	4,404	–	0.04%	–
SWFT	New	Swift Transportation Co. Cl A	$241,000	–	9,100	–	0.04%	–
EVR	New	Evercore Partners Incorporated	$236,000	–	3,345	–	0.04%	–
SHEN	New	Shenandoah Telecomm	$220,000	–	7,165	–	0.04%	–
POL	New	Polyone Corp.	$219,000	–	5,660	–	0.04%	–
HAWK	New	Blackhawk Network Holdings	$213,000	–	4,883	–	0.04%	–
EGRX	New	Eagle Pharmaceuticals	$212,000	–	2,693	–	0.04%	–
MPWR	New	Monolithic Power Systems Incor	$203,000	–	2,105	–	0.04%	–
PBCT	New	Peoples United Financing	$177,000	–	10,000	–	0.03%	–

Q4 2016

			Value		Shares		↓ Weighting
PBCT	Exit	Peoples United Financing	$0	–	-10,000	–	-0.03%	–
MS	Exit	Morgan Stanley	$0	–	-6,244	–	-0.04%	–
VASC	Exit	Vascular Solutions Inc.	$0	–	-4,219	–	-0.04%	–
ANIP	Exit	ANI Pharmaceuticals Inc.	$0	–	-3,042	–	-0.04%	–
UPS	Exit	United Parcel Service Class B	$0	–	-1,913	–	-0.04%	–
AMP	Exit	Ameriprise Financial Inc.	$0	–	-2,145	–	-0.04%	–
POOL	Exit	Pool Corp.	$0	–	-2,284	–	-0.04%	–
DLTH	Exit	Duluth Holdings Inc. Class B	$0	–	-8,077	–	-0.04%	–
ITW	Exit	Illinois Tool Works Inc.	$0	–	-1,861	–	-0.04%	–
TREE	Exit	Lendingtree Inc.	$0	–	-2,334	–	-0.04%	–
BLKB	Exit	Blackbaud Inc.	$0	–	-3,484	–	-0.04%	–
THS	Exit	Treehouse Foods Inc.	$0	–	-2,637	–	-0.04%	–
COP	Exit	ConocoPhillips	$0	–	-5,351	–	-0.04%	–
ORLY	Exit	O Reilly Automotive	$0	–	-860	–	-0.04%	–
QRVO	Exit	Qorvo Inc.	$0	–	-4,339	–	-0.04%	–
CBM	Exit	Cambrex Corp.	$0	–	-5,887	–	-0.05%	–
AMWD	Exit	American Woodmark Corp.	$0	–	-3,238	–	-0.05%	–
CBS	Exit	CBS Corp. Class B	$0	–	-5,006	–	-0.05%	–
MKTX	Exit	MarketAxess Holdings Inc.	$0	–	-1,681	–	-0.05%	–
DY	Exit	Dycom Industries Inc.	$0	–	-3,628	–	-0.05%	–
LGIH	Exit	LGI Homes Inc.	$0	–	-8,028	–	-0.05%	–
CEVA	Exit	CEVA Inc.	$0	–	-8,793	–	-0.05%	–
CMD	Exit	Cantel Medical Corp.	$0	–	-4,429	–	-0.06%	–
FCB	Exit	FCB Financial Holdings Inc. Cl	$0	–	-9,249	–	-0.06%	–
ABT	Exit	Abbott Labs Inc.	$0	–	-9,883	–	-0.07%	–
TROW	Exit	T Rowe Price Group Inc.	$0	–	-6,500	–	-0.08%	–
AMG	Exit	Affiliated Managers Group Inc.	$0	–	-3,577	–	-0.09%	–
ALL	Exit	Allstate Corp.	$0	–	-7,416	–	-0.09%	–
MCK	Exit	McKesson Corp.	$0	–	-3,188	–	-0.09%	–
CELG	Exit	Celgene Corp.	$0	–	-5,200	–	-0.10%	–
KR	Exit	Kroger Co.	$0	–	-18,588	–	-0.10%	–
PM	Exit	Philip Morris Intl. Inc.	$0	–	-6,345	–	-0.11%	–
TMO	Exit	Thermo Fisher Scientific Inc.	$0	–	-3,946	–	-0.11%	–
BRKA	Exit	Berkshire Hathaway Inc. Class	$0	–	-3	–	-0.12%	–
JCI	Exit	Johnson Controls Intl PLC	$0	–	-14,290	–	-0.12%	–
V	Exit	Visa Inc. Class A	$0	–	-8,622	–	-0.13%	–
WMT	Exit	Wal-Mart Stores Inc.	$0	–	-10,705	–	-0.14%	–
FDX	Exit	FedEx Corp.	$0	–	-4,597	–	-0.14%	–
BA	Exit	Boeing Co.	$0	–	-6,264	–	-0.15%	–
IWR	Exit	iShares Tr Russell Midcapexchange-traded	$0	–	-4,861	–	-0.15%	–
NSC	Exit	Norfolk Southern Corporation	$0	–	-9,165	–	-0.16%	–
DD	Exit	Du Pont EI De Nemours & Co.	$0	–	-13,352	–	-0.16%	–
HSY	Exit	Hershey Foods Corp.	$0	–	-9,543	–	-0.16%	–
TJX	Exit	TJX Companies Inc.	$0	–	-12,240	–	-0.16%	–
CVX	Exit	Chevron Corp.	$0	–	-9,074	–	-0.16%	–
AGN	Exit	Allergan PLC	$0	–	-4,176	–	-0.17%	–
FB	Exit	Facebook Inc. Class A	$0	–	-8,024	–	-0.18%	–
SBUX	Exit	Starbucks Corp.	$0	–	-19,148	–	-0.18%	–
FISV	Exit	Fiserv Inc.	$0	–	-12,764	–	-0.22%	–
MA	Exit	Mastercard Inc.	$0	–	-13,130	–	-0.24%	–
VZ	Exit	Verizon Communications	$0	–	-26,032	–	-0.24%	–
KO	Exit	Coca-Cola Co.	$0	–	-35,398	–	-0.26%	–
USB	Exit	US Bancorp	$0	–	-35,754	–	-0.27%	–
ABBV	Exit	Abbvie Inc.	$0	–	-25,548	–	-0.28%	–
PG	Exit	Procter & Gamble Co.	$0	–	-18,372	–	-0.29%	–
SLB	Exit	Schlumberger Ltd.	$0	–	-21,913	–	-0.30%	–
T	Exit	AT&T Inc.	$0	–	-44,004	–	-0.32%	–
MRK	Exit	Merck & Company Incorporated	$0	–	-28,665	–	-0.32%	–
GOOGL	Exit	Alphabet Inc. Class A	$0	–	-2,268	–	-0.32%	–
GLW	Exit	Corning Inc.	$0	–	-78,143	–	-0.33%	–
BMY	Exit	Bristol-Myers Squibb Company	$0	–	-35,299	–	-0.34%	–
GOOG	Exit	Alphabet Inc. Class C	$0	–	-2,448	–	-0.34%	–
LLY	Exit	Lilly (Eli) & Company	$0	–	-26,316	–	-0.37%	–
BAC	Exit	Bank of America Corporation	$0	–	-152,000	–	-0.42%	–
NKE	Exit	Nike Inc. Class B	$0	–	-45,414	–	-0.42%	–
UTX	Exit	United Technologies Corp.	$0	–	-23,653	–	-0.42%	–
CL	Exit	Colgate Palmolive Co.	$0	–	-33,004	–	-0.43%	–
INTC	Exit	Intel Corporation	$0	–	-70,100	–	-0.47%	–
MCD	Exit	McDonald's Corporation	$0	–	-27,699	–	-0.56%	–
GE	Exit	General Electric Co.	$0	–	-111,431	–	-0.58%	–
PEP	Exit	PepsiCo Inc.	$0	–	-30,367	–	-0.58%	–
AMZN	Exit	Amazon.com Inc.	$0	–	-4,616	–	-0.68%	–
DIS	Exit	Disney, Walt Co.	$0	–	-43,417	–	-0.71%	–
JNJ	Exit	Johnson & Johnson	$0	–	-40,723	–	-0.85%	–
WEC	Exit	WEC Energy Group Inc.	$0	–	-83,595	–	-0.88%	–
VFC	Exit	VF Corp.	$0	–	-120,862	–	-1.20%	–
TWX	Exit	Time Warner Inc.	$0	–	-102,006	–	-1.43%	–
MMM	Exit	3M Co.	$0	–	-54,062	–	-1.68%	–
BLK	Exit	BlackRock Inc.	$0	–	-26,516	–	-1.70%	–
HD	Exit	Home Depot Inc.	$0	–	-82,884	–	-1.88%	–
NOC	Exit	Northrop Grumman Corp.	$0	–	-51,219	–	-1.93%	–
WFC	Exit	Wells Fargo & Co.	$0	–	-258,234	–	-2.02%	–
AMGN	Exit	Amgen Inc.	$0	–	-76,191	–	-2.24%	–
CVS	Exit	CVS Health Corp.	$0	–	-146,043	–	-2.29%	–
HAS	Exit	Hasbro Inc.	$0	–	-168,487	–	-2.36%	–
CAH	Exit	Cardinal Health Inc.	$0	–	-172,816	–	-2.37%	–
IBM	Exit	International Business Machine	$0	–	-84,612	–	-2.37%	–
WBA	Exit	Walgreens Boots Alliance Inc.	$0	–	-172,095	–	-2.45%	–
LOW	Exit	Lowes Companies Inc.	$0	–	-201,972	–	-2.57%	–
CMCSA	Exit	Comcast Corp. Class A	$0	–	-228,141	–	-2.67%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-477,053	–	-2.67%	–
RTN	Exit	Raytheon Co.	$0	–	-113,325	–	-2.72%	–
TXN	Exit	Texas Instruments Inc.	$0	–	-221,755	–	-2.75%	–
TRV	Exit	The Travelers Companies Inc.	$0	–	-138,762	–	-2.80%	–
ADI	Exit	Analog Devices Inc.	$0	–	-252,245	–	-2.87%	–
PFE	Exit	Pfizer Inc.	$0	–	-487,663	–	-2.91%	–
LMT	Exit	Lockheed Martin Corp.	$0	–	-69,372	–	-2.93%	–
K	Exit	Kellogg Co.	$0	–	-216,792	–	-2.96%	–
AAPL	Exit	Apple Computer Inc.	$0	–	-153,485	–	-3.06%	–
HON	Exit	Honeywell Inc.	$0	–	-151,706	–	-3.12%	–
BDX	Exit	Becton, Dickinson & Co.	$0	–	-102,869	–	-3.26%	–
UNH	Exit	UnitedHealth Group	$0	–	-134,230	–	-3.32%	–
JPM	Exit	JP Morgan Chase & Co.	$0	–	-293,371	–	-3.45%	–
XOM	Exit	ExxonMobil Corp.	$0	–	-224,377	–	-3.46%	–
MSFT	Exit	Microsoft Corp.	$0	–	-456,719	–	-4.64%	–
IFF	Exit	Intl. Flavors & Fragrances Inc	$0	–	-250,000	–	-6.31%	–

Q3 2016

			Value		Shares		↓ Weighting
MSFT	Sell	Microsoft Corp.	$26,307,000	+8.9%	456,719	-3.2%	4.64%	+5.5%
XOM	Sell	ExxonMobil Corp.	$19,584,000	-7.0%	224,377	-0.1%	3.46%	-9.9%
JPM	Buy	JP Morgan Chase & Co.	$19,536,000	+7.2%	293,371	+0.1%	3.45%	+3.9%
UNH	Sell	UnitedHealth Group	$18,792,000	-1.7%	134,230	-0.9%	3.32%	-4.8%
BDX	Sell	Becton, Dickinson & Co.	$18,489,000	+5.7%	102,869	-0.3%	3.26%	+2.4%
HON	Sell	Honeywell Inc.	$17,687,000	-0.9%	151,706	-1.1%	3.12%	-4.0%
AAPL	Buy	Apple Computer Inc.	$17,351,000	+219.0%	153,485	+169.7%	3.06%	+208.9%
K	Sell	Kellogg Co.	$16,795,000	-5.1%	216,792	-0.0%	2.96%	-8.1%
LMT	Sell	Lockheed Martin Corp.	$16,630,000	-3.8%	69,372	-0.4%	2.93%	-6.8%
PFE	Buy	Pfizer Inc.	$16,517,000	+0.7%	487,663	+4.7%	2.91%	-2.4%
ADI	New	Analog Devices Inc.	$16,258,000	–	252,245	–	2.87%	–
TRV	Sell	The Travelers Companies Inc.	$15,895,000	-4.4%	138,762	-0.6%	2.80%	-7.3%
TXN	Sell	Texas Instruments Inc.	$15,563,000	-13.7%	221,755	-23.0%	2.75%	-16.4%
RTN	Sell	Raytheon Co.	$15,427,000	-0.5%	113,325	-0.7%	2.72%	-3.6%
CSCO	Sell	Cisco Systems Inc.	$15,133,000	+9.8%	477,053	-0.7%	2.67%	+6.4%
CMCSA	Buy	Comcast Corp. Class A	$15,135,000	+4.1%	228,141	+2.3%	2.67%	+0.8%
LOW	Sell	Lowes Companies Inc.	$14,584,000	-9.2%	201,972	-0.4%	2.57%	-12.0%
WBA	Sell	Walgreens Boots Alliance Inc.	$13,874,000	-4.2%	172,095	-1.1%	2.45%	-7.2%
IBM	Sell	International Business Machine	$13,441,000	+3.9%	84,612	-0.7%	2.37%	+0.7%
CAH	Sell	Cardinal Health Inc.	$13,428,000	-1.6%	172,816	-1.2%	2.37%	-4.7%
HAS	Buy	Hasbro Inc.	$13,366,000	-1.4%	168,487	+4.4%	2.36%	-4.5%
CVS	Sell	CVS Health Corp.	$12,996,000	-7.5%	146,043	-0.5%	2.29%	-10.4%
AMGN	Sell	Amgen Inc.	$12,710,000	+9.4%	76,191	-0.3%	2.24%	+6.0%
WFC	Sell	Wells Fargo & Co.	$11,435,000	-6.9%	258,234	-0.5%	2.02%	-9.7%
NOC	Sell	Northrop Grumman Corp.	$10,958,000	-5.0%	51,219	-1.3%	1.93%	-8.0%
HD	Buy	Home Depot Inc.	$10,665,000	+3.6%	82,884	+2.8%	1.88%	+0.4%
BLK	Sell	BlackRock Inc.	$9,611,000	+4.7%	26,516	-1.0%	1.70%	+1.5%
MMM	Sell	3M Co.	$9,527,000	+0.3%	54,062	-0.3%	1.68%	-2.8%
TWX	Sell	Time Warner Inc.	$8,121,000	+8.1%	102,006	-0.1%	1.43%	+4.8%
VFC	Sell	VF Corp.	$6,774,000	-9.6%	120,862	-0.8%	1.20%	-12.4%
WEC	Sell	WEC Energy Group Inc.	$5,005,000	-8.6%	83,595	-0.3%	0.88%	-11.4%
JNJ	Sell	Johnson & Johnson	$4,810,000	-6.3%	40,723	-3.8%	0.85%	-9.2%
DIS	Sell	Disney, Walt Co.	$4,032,000	-7.5%	43,417	-2.6%	0.71%	-10.5%
AMZN	Sell	Amazon.com Inc.	$3,865,000	+15.3%	4,616	-1.4%	0.68%	+11.8%
PEP	Sell	PepsiCo Inc.	$3,303,000	-4.1%	30,367	-6.6%	0.58%	-7.0%
GE	Sell	General Electric Co.	$3,301,000	-9.9%	111,431	-4.2%	0.58%	-12.7%
CL	Sell	Colgate Palmolive Co.	$2,447,000	-0.7%	33,004	-1.9%	0.43%	-3.8%
NKE	Sell	Nike Inc. Class B	$2,391,000	-7.9%	45,414	-3.4%	0.42%	-10.8%
GOOGL	Sell	Alphabet Inc. Class A	$1,823,000	+11.6%	2,268	-2.3%	0.32%	+8.4%
T	Sell	AT&T Inc.	$1,787,000	-11.2%	44,004	-5.6%	0.32%	-14.2%
SLB	Sell	Schlumberger Ltd.	$1,723,000	-0.7%	21,913	-0.2%	0.30%	-3.8%
USB	Sell	US Bancorp	$1,534,000	-2.8%	35,754	-8.6%	0.27%	-5.6%
MA	Sell	Mastercard Inc.	$1,336,000	+8.2%	13,130	-6.4%	0.24%	+4.9%
FISV	Sell	Fiserv Inc.	$1,270,000	-9.2%	12,764	-0.8%	0.22%	-12.2%
SBUX	Sell	Starbucks Corp.	$1,037,000	-12.3%	19,148	-7.5%	0.18%	-14.9%
FB	Sell	Facebook Inc. Class A	$1,029,000	+8.3%	8,024	-3.5%	0.18%	+5.2%
AGN	Sell	Allergan PLC	$962,000	-4.8%	4,176	-4.5%	0.17%	-7.6%
TJX	Sell	TJX Companies Inc.	$915,000	-4.0%	12,240	-0.8%	0.16%	-7.5%
BA	Sell	Boeing Co.	$825,000	-13.6%	6,264	-14.8%	0.15%	-16.1%
FDX	Sell	FedEx Corp.	$803,000	+9.1%	4,597	-5.2%	0.14%	+6.0%
V	Sell	Visa Inc. Class A	$713,000	+10.0%	8,622	-1.4%	0.13%	+6.8%
JCI	New	Johnson Controls Intl PLC	$665,000	–	14,290	–	0.12%	–
TMO	Sell	Thermo Fisher Scientific Inc.	$628,000	-3.2%	3,946	-10.2%	0.11%	-5.9%
KR	Sell	Kroger Co.	$552,000	-20.3%	18,588	-1.4%	0.10%	-23.0%
CELG	Sell	Celgene Corp.	$544,000	-1.3%	5,200	-6.9%	0.10%	-4.0%
MCK	Sell	McKesson Corp.	$532,000	-16.5%	3,188	-6.6%	0.09%	-19.0%
AMG	Sell	Affiliated Managers Group Inc.	$518,000	-14.8%	3,577	-17.2%	0.09%	-18.0%
FCB	New	FCB Financial Holdings Inc. Cl	$355,000	–	9,249	–	0.06%	–
CMD	New	Cantel Medical Corp.	$345,000	–	4,429	–	0.06%	–
CEVA	New	CEVA Inc.	$308,000	–	8,793	–	0.05%	–
LGIH	New	LGI Homes Inc.	$296,000	–	8,028	–	0.05%	–
DY	New	Dycom Industries Inc.	$297,000	–	3,628	–	0.05%	–
MKTX	New	MarketAxess Holdings Inc.	$278,000	–	1,681	–	0.05%	–
CBS	Sell	CBS Corp. Class B	$274,000	-6.2%	5,006	-6.7%	0.05%	-9.4%
AMWD	New	American Woodmark Corp.	$261,000	–	3,238	–	0.05%	–
CBM	New	Cambrex Corp.	$262,000	–	5,887	–	0.05%	–
QRVO	Sell	Qorvo Inc.	$242,000	-6.9%	4,339	-7.6%	0.04%	-8.5%
THS	New	Treehouse Foods Inc.	$230,000	–	2,637	–	0.04%	–
BLKB	New	Blackbaud Inc.	$231,000	–	3,484	–	0.04%	–
COP	Sell	ConocoPhillips	$233,000	-5.3%	5,351	-5.3%	0.04%	-8.9%
TREE	New	Lendingtree Inc.	$226,000	–	2,334	–	0.04%	–
ITW	Sell	Illinois Tool Works Inc.	$223,000	-27.1%	1,861	-36.6%	0.04%	-30.4%
AMP	Sell	Ameriprise Financial Inc.	$214,000	-73.4%	2,145	-76.0%	0.04%	-74.0%
DLTH	New	Duluth Holdings Inc. Class B	$214,000	–	8,077	–	0.04%	–
POOL	New	Pool Corp.	$216,000	–	2,284	–	0.04%	–
UPS	Sell	United Parcel Service Class B	$209,000	-28.2%	1,913	-29.2%	0.04%	-30.2%
VASC	New	Vascular Solutions Inc.	$203,000	–	4,219	–	0.04%	–
ANIP	New	ANI Pharmaceuticals Inc.	$202,000	–	3,042	–	0.04%	–
MS	New	Morgan Stanley	$200,000	–	6,244	–	0.04%	–
NEBLQ	Exit	Noble Corp. PLC	$0	–	-12,871	–	-0.02%	–
ETN	Exit	Eaton Corp. PLC	$0	–	-3,605	–	-0.04%	–
SHEN	Exit	Shenandoah Telecomm	$0	–	-5,499	–	-0.04%	–
OKE	Exit	Oneok Inc.	$0	–	-5,240	–	-0.04%	–
APD	Exit	Air Products & Chemicals Inc.	$0	–	-2,175	–	-0.06%	–
KMB	Exit	Kimberly Clark Corp.	$0	–	-3,333	–	-0.08%	–
IVZ	Exit	Invesco Ltd.	$0	–	-20,994	–	-0.10%	–
JCI	Exit	Johnson Controls Inc.	$0	–	-17,100	–	-0.14%	–
F	Exit	Ford Motor Company	$0	–	-88,332	–	-0.20%	–
MET	Exit	Metlife Incorporated	$0	–	-34,301	–	-0.25%	–
ANTM	Exit	Anthem Inc.	$0	–	-67,384	–	-1.61%	–

Q2 2016

			Value		Shares		↓ Weighting
IFF	New	Intl. Flavors & Fragrances Inc	$31,518,000	–	250,000	–	5.74%	–
MSFT	New	Microsoft Corp.	$24,156,000	–	472,059	–	4.40%	–
XOM	New	ExxonMobil Corp.	$21,064,000	–	224,706	–	3.84%	–
UNH	New	UnitedHealth Group	$19,124,000	–	135,439	–	3.48%	–
JPM	New	JP Morgan Chase & Co.	$18,216,000	–	293,143	–	3.32%	–
TXN	New	Texas Instruments Inc.	$18,044,000	–	288,009	–	3.29%	–
HON	New	Honeywell Inc.	$17,848,000	–	153,438	–	3.25%	–
K	New	Kellogg Co.	$17,701,000	–	216,794	–	3.22%	–
BDX	New	Becton, Dickinson & Co.	$17,495,000	–	103,158	–	3.19%	–
LMT	New	Lockheed Martin Corp.	$17,293,000	–	69,682	–	3.15%	–
TRV	New	The Travelers Companies Inc.	$16,621,000	–	139,622	–	3.03%	–
PFE	New	Pfizer Inc.	$16,399,000	–	465,752	–	2.99%	–
LOW	New	Lowes Companies Inc.	$16,055,000	–	202,790	–	2.92%	–
RTN	New	Raytheon Co.	$15,511,000	–	114,097	–	2.82%	–
CMCSA	New	Comcast Corp. Class A	$14,543,000	–	223,093	–	2.65%	–
WBA	New	Walgreens Boots Alliance Inc.	$14,484,000	–	173,940	–	2.64%	–
CVS	New	CVS Health Corp.	$14,057,000	–	146,824	–	2.56%	–
CSCO	New	Cisco Systems Inc.	$13,779,000	–	480,297	–	2.51%	–
CAH	New	Cardinal Health Inc.	$13,651,000	–	174,989	–	2.49%	–
HAS	New	Hasbro Inc.	$13,554,000	–	161,383	–	2.47%	–
IBM	New	International Business Machine	$12,937,000	–	85,240	–	2.36%	–
WFC	New	Wells Fargo & Co.	$12,281,000	–	259,472	–	2.24%	–
AMGN	New	Amgen Inc.	$11,623,000	–	76,392	–	2.12%	–
NOC	New	Northrop Grumman Corp.	$11,535,000	–	51,892	–	2.10%	–
HD	New	Home Depot Inc.	$10,299,000	–	80,660	–	1.88%	–
MMM	New	3M Co.	$9,498,000	–	54,233	–	1.73%	–
BLK	New	BlackRock Inc.	$9,178,000	–	26,795	–	1.67%	–
ANTM	New	Anthem Inc.	$8,850,000	–	67,384	–	1.61%	–
TWX	New	Time Warner Inc.	$7,512,000	–	102,152	–	1.37%	–
VFC	New	VF Corp.	$7,491,000	–	121,839	–	1.36%	–
WEC	New	WEC Energy Group Inc.	$5,477,000	–	83,883	–	1.00%	–
AAPL	New	Apple Computer Inc.	$5,440,000	–	56,905	–	0.99%	–
JNJ	New	Johnson & Johnson	$5,134,000	–	42,323	–	0.94%	–
DIS	New	Disney, Walt Co.	$4,359,000	–	44,561	–	0.79%	–
GE	New	General Electric Co.	$3,662,000	–	116,309	–	0.67%	–
PEP	New	PepsiCo Inc.	$3,445,000	–	32,522	–	0.63%	–
AMZN	New	Amazon.com Inc.	$3,351,000	–	4,682	–	0.61%	–
MCD	New	McDonald's Corporation	$3,333,000	–	27,699	–	0.61%	–
NKE	New	Nike Inc. Class B	$2,595,000	–	47,000	–	0.47%	–
BMY	New	Bristol-Myers Squibb Company	$2,596,000	–	35,299	–	0.47%	–
CL	New	Colgate Palmolive Co.	$2,464,000	–	33,654	–	0.45%	–
UTX	New	United Technologies Corp.	$2,425,000	–	23,653	–	0.44%	–
INTC	New	Intel Corporation	$2,299,000	–	70,100	–	0.42%	–
LLY	New	Lilly (Eli) & Company	$2,072,000	–	26,316	–	0.38%	–
BAC	New	Bank of America Corporation	$2,017,000	–	152,000	–	0.37%	–
T	New	AT&T Inc.	$2,013,000	–	46,604	–	0.37%	–
SLB	New	Schlumberger Ltd.	$1,736,000	–	21,958	–	0.32%	–
GOOG	New	Alphabet Inc. Class C	$1,694,000	–	2,448	–	0.31%	–
MRK	New	Merck & Company Incorporated	$1,651,000	–	28,665	–	0.30%	–
GOOGL	New	Alphabet Inc. Class A	$1,633,000	–	2,322	–	0.30%	–
KO	New	Coca-Cola Co.	$1,605,000	–	35,398	–	0.29%	–
GLW	New	Corning Inc.	$1,600,000	–	78,143	–	0.29%	–
ABBV	New	Abbvie Inc.	$1,581,000	–	25,548	–	0.29%	–
USB	New	US Bancorp	$1,578,000	–	39,125	–	0.29%	–
PG	New	Procter & Gamble Co.	$1,556,000	–	18,372	–	0.28%	–
VZ	New	Verizon Communications	$1,454,000	–	26,032	–	0.26%	–
FISV	New	Fiserv Inc.	$1,399,000	–	12,869	–	0.26%	–
MET	New	Metlife Incorporated	$1,366,000	–	34,301	–	0.25%	–
MA	New	Mastercard Inc.	$1,235,000	–	14,028	–	0.22%	–
SBUX	New	Starbucks Corp.	$1,183,000	–	20,708	–	0.22%	–
F	New	Ford Motor Company	$1,110,000	–	88,332	–	0.20%	–
HSY	New	Hershey Foods Corp.	$1,083,000	–	9,543	–	0.20%	–
AGN	New	Allergan PLC	$1,010,000	–	4,371	–	0.18%	–
BA	New	Boeing Co.	$955,000	–	7,355	–	0.17%	–
TJX	New	TJX Companies Inc.	$953,000	–	12,335	–	0.17%	–
FB	New	Facebook Inc. Class A	$950,000	–	8,311	–	0.17%	–
CVX	New	Chevron Corp.	$951,000	–	9,074	–	0.17%	–
DD	New	Du Pont EI De Nemours & Co.	$865,000	–	13,352	–	0.16%	–
IWR	New	iShares Tr Russell Midcapexchange-traded	$818,000	–	4,861	–	0.15%	–
AMP	New	Ameriprise Financial Inc.	$804,000	–	8,945	–	0.15%	–
WMT	New	Wal-Mart Stores Inc.	$782,000	–	10,705	–	0.14%	–
NSC	New	Norfolk Southern Corporation	$780,000	–	9,165	–	0.14%	–
JCI	New	Johnson Controls Inc.	$757,000	–	17,100	–	0.14%	–
FDX	New	FedEx Corp.	$736,000	–	4,850	–	0.13%	–
KR	New	Kroger Co.	$693,000	–	18,843	–	0.13%	–
BRKA	New	Berkshire Hathaway Inc. Class	$651,000	–	3	–	0.12%	–
TMO	New	Thermo Fisher Scientific Inc.	$649,000	–	4,394	–	0.12%	–
V	New	Visa Inc. Class A	$648,000	–	8,741	–	0.12%	–
PM	New	Philip Morris Intl. Inc.	$645,000	–	6,345	–	0.12%	–
MCK	New	McKesson Corp.	$637,000	–	3,413	–	0.12%	–
AMG	New	Affiliated Managers Group Inc.	$608,000	–	4,320	–	0.11%	–
CELG	New	Celgene Corp.	$551,000	–	5,583	–	0.10%	–
IVZ	New	Invesco Ltd.	$536,000	–	20,994	–	0.10%	–
ALL	New	Allstate Corp.	$519,000	–	7,416	–	0.10%	–
TROW	New	T Rowe Price Group Inc.	$474,000	–	6,500	–	0.09%	–
KMB	New	Kimberly Clark Corp.	$458,000	–	3,333	–	0.08%	–
ABT	New	Abbott Labs Inc.	$388,000	–	9,883	–	0.07%	–
APD	New	Air Products & Chemicals Inc.	$309,000	–	2,175	–	0.06%	–
ITW	New	Illinois Tool Works Inc.	$306,000	–	2,936	–	0.06%	–
UPS	New	United Parcel Service Class B	$291,000	–	2,703	–	0.05%	–
CBS	New	CBS Corp. Class B	$292,000	–	5,367	–	0.05%	–
QRVO	New	Qorvo Inc.	$260,000	–	4,697	–	0.05%	–
COP	New	ConocoPhillips	$246,000	–	5,651	–	0.04%	–
OKE	New	Oneok Inc.	$249,000	–	5,240	–	0.04%	–
ORLY	New	O Reilly Automotive	$233,000	–	860	–	0.04%	–
ETN	New	Eaton Corp. PLC	$215,000	–	3,605	–	0.04%	–
SHEN	New	Shenandoah Telecomm	$215,000	–	5,499	–	0.04%	–
PBCT	New	Peoples United Financing	$147,000	–	10,000	–	0.03%	–
NEBLQ	New	Noble Corp. PLC	$106,000	–	12,871	–	0.02%	–

Q4 2015

			Value		Shares		↓ Weighting
NEBLQ	Exit	NOBLE CORPORATION PLC	$0	–	-16,431	–	-0.04%	–
TGT	Exit	TARGET CORP COM	$0	–	-2,650	–	-0.05%	–
QCOM	Exit	QUALCOMM INC COM	$0	–	-3,945	–	-0.05%	–
ORLY	Exit	O REILLY AUTOMOTIVE COM	$0	–	-860	–	-0.05%	–
GOOG	Exit	GOOGLE INC. CLASS C	$0	–	-410	–	-0.06%	–
UPS	Exit	UNITED PARCEL SERVICE CL B	$0	–	-2,545	–	-0.06%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-2,005	–	-0.06%	–
T	Exit	AT&T INC.	$0	–	-8,283	–	-0.06%	–
COP	Exit	CONOCOPHILLIPS COM	$0	–	-5,651	–	-0.06%	–
ITW	Exit	ILLINOIS TOOL WKS INC COM	$0	–	-3,334	–	-0.06%	–
QRVO	Exit	QORVO INC COM	$0	–	-6,516	–	-0.07%	–
KMB	Exit	KIMBERLY CLARK CORPORATION	$0	–	-3,100	–	-0.08%	–
CBS	Exit	CBS CORP NEW CL B	$0	–	-9,117	–	-0.08%	–
TEN	Exit	TENNECO INC COM	$0	–	-8,621	–	-0.09%	–
ABT	Exit	ABBOTT LABS INCORPORATED	$0	–	-9,883	–	-0.09%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-7,416	–	-0.10%	–
BEAV	Exit	B/E AEROSPACE INC COM	$0	–	-9,948	–	-0.10%	–
TROW	Exit	T ROWE PRICE GROUP, INC.	$0	–	-6,500	–	-0.10%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-7,429	–	-0.12%	–
ABBV	Exit	ABBVIE INC. COM	$0	–	-9,883	–	-0.12%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-3,032	–	-0.12%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-14,400	–	-0.13%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL A	$0	–	-3	–	-0.13%	–
PVH	Exit	PVH CORP	$0	–	-6,043	–	-0.14%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-25,973	–	-0.15%	–
V	Exit	VISA INC COM CL A	$0	–	-9,537	–	-0.15%	–
JCI	Exit	JOHNSON CTLS INC COM	$0	–	-17,100	–	-0.16%	–
GOOGL	Exit	GOOGLE INC CLASS A	$0	–	-1,147	–	-0.17%	–
KR	Exit	KROGER CO COM	$0	–	-20,521	–	-0.17%	–
CELG	Exit	CELGENE CORP COM	$0	–	-6,976	–	-0.17%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL COM	$0	–	-1,075	–	-0.18%	–
FB	Exit	FACEBOOK INC CL A	$0	–	-8,717	–	-0.18%	–
FDX	Exit	FEDEX CORP COM	$0	–	-5,516	–	-0.18%	–
MCK	Exit	MCKESSON CORPORATION	$0	–	-4,297	–	-0.18%	–
AMG	Exit	AFFILIATED MNGRS GRP COM	$0	–	-4,638	–	-0.18%	–
ETN	Exit	EATON CORPORATION PLC	$0	–	-17,134	–	-0.20%	–
TJX	Exit	TJX COS INC NEW COM	$0	–	-13,431	–	-0.22%	–
UTX	Exit	UNITED TECHNOLOGIES CP COM	$0	–	-11,005	–	-0.22%	–
CVX	Exit	CHEVRON CORPORATION COM	$0	–	-12,429	–	-0.22%	–
BA	Exit	BOEING COMPANY	$0	–	-8,098	–	-0.24%	–
FISV	Exit	FISERV INCORPORATED	$0	–	-13,792	–	-0.27%	–
SBUX	Exit	STARBUCKS CORP COM	$0	–	-23,559	–	-0.30%	–
MA	Exit	MASTERCARD INC.	$0	–	-15,158	–	-0.31%	–
AGN	Exit	ALLERGAN PLC SHS	$0	–	-5,206	–	-0.32%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-16,927	–	-0.36%	–
USB	Exit	US BANCORP DEL COM	$0	–	-39,484	–	-0.37%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-19,353	–	-0.41%	–
AAPL	Exit	APPLE COMPUTER INC COM	$0	–	-18,922	–	-0.47%	–
DIS	Exit	DISNEY, WALT COMPANY	$0	–	-23,554	–	-0.55%	–
CL	Exit	COLGATE PALMOLIVE COMPANY	$0	–	-49,069	–	-0.71%	–
HD	Exit	HOME DEPOT INCORPORATED	$0	–	-28,132	–	-0.74%	–
NKE	Exit	NIKE INCORPORATED CLASS B	$0	–	-27,893	–	-0.78%	–
WEC	Exit	WEC ENERGY GROUP INC COM	$0	–	-94,081	–	-1.12%	–
IVZ	Exit	INVESCO LTD SHS	$0	–	-218,233	–	-1.55%	–
BLK	Exit	BLACKROCK INC COM	$0	–	-25,738	–	-1.74%	–
TWX	Exit	TIME WARNER INC COM	$0	–	-113,213	–	-1.77%	–
CVS	Exit	CVS HEALTH CORPORATION	$0	–	-84,698	–	-1.85%	–
MMM	Exit	3M CO.	$0	–	-57,753	–	-1.86%	–
VFC	Exit	V F CORP COM	$0	–	-128,402	–	-1.99%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-339,831	–	-2.02%	–
PRU	Exit	PRUDENTIAL FINL INC COM	$0	–	-119,755	–	-2.07%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-124,755	–	-2.10%	–
SLB	Exit	SCHLUMBERGER LTD COM	$0	–	-136,619	–	-2.14%	–
ANTM	Exit	ANTHEM INC COM	$0	–	-70,473	–	-2.24%	–
AMGN	Exit	AMGEN INC	$0	–	-72,935	–	-2.29%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-72,493	–	-2.38%	–
AMP	Exit	AMERIPRISE FINL INC COM	$0	–	-103,941	–	-2.57%	–
HAS	Exit	HASBRO INCORPORATED	$0	–	-171,076	–	-2.80%	–
WFC	Exit	WELLS FARGO & CO DEL COM	$0	–	-240,579	–	-2.80%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-218,596	–	-2.82%	–
RTN	Exit	RAYTHEON COMPANY	$0	–	-120,165	–	-2.98%	–
NOC	Exit	NORTHROP GRUMMAN CORP COM	$0	–	-79,562	–	-3.00%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-435,119	–	-3.10%	–
WSM	Exit	WILLIAMS-SONOMA INC COM	$0	–	-185,500	–	-3.21%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-184,586	–	-3.22%	–
BDX	Exit	BECTON DICKINSON & CO COM	$0	–	-108,260	–	-3.26%	–
TRV	Exit	THE TRAVELERS COMPANIES, INC.	$0	–	-148,838	–	-3.36%	–
LOW	Exit	LOWES COS INC COM	$0	–	-217,648	–	-3.40%	–
TXN	Exit	TEXAS INSTRUMENTS INCORPORATED	$0	–	-304,111	–	-3.42%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE, INC.	$0	–	-184,253	–	-3.47%	–
JPM	Exit	J P MORGAN CHASE & CO	$0	–	-251,669	–	-3.48%	–
LMT	Exit	LOCKHEED MARTIN CORP COM	$0	–	-74,053	–	-3.48%	–
HON	Exit	HONEYWELL INC COM	$0	–	-164,168	–	-3.53%	–
UNH	Exit	UNITEDHEALTH GROUP	$0	–	-143,539	–	-3.78%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-461,059	–	-4.63%	–

Q3 2015

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORPORATION	$20,406,000	-5.6%	461,059	-5.8%	4.63%	+7.9%
UNH	Sell	UNITEDHEALTH GROUP	$16,652,000	-9.4%	143,539	-4.8%	3.78%	+3.5%
HON	Sell	HONEYWELL INC COM	$15,545,000	-14.8%	164,168	-8.2%	3.53%	-2.6%
LMT	Sell	LOCKHEED MARTIN CORP COM	$15,352,000	+3.3%	74,053	-7.4%	3.48%	+18.1%
JPM	Buy	J P MORGAN CHASE & CO	$15,344,000	+126.7%	251,669	+152.0%	3.48%	+159.3%
WBA	Sell	WALGREENS BOOTS ALLIANCE, INC.	$15,311,000	-9.2%	184,253	-7.7%	3.47%	+3.8%
TXN	Sell	TEXAS INSTRUMENTS INCORPORATED	$15,060,000	-11.2%	304,111	-7.7%	3.42%	+1.4%
LOW	Sell	LOWES COS INC COM	$15,001,000	-4.9%	217,648	-7.6%	3.40%	+8.8%
TRV	Sell	THE TRAVELERS COMPANIES, INC.	$14,814,000	-5.1%	148,838	-7.8%	3.36%	+8.5%
BDX	Sell	BECTON DICKINSON & CO COM	$14,361,000	-13.5%	108,260	-7.6%	3.26%	-1.1%
CAH	Sell	CARDINAL HEALTH INC	$14,180,000	-15.0%	184,586	-7.4%	3.22%	-2.8%
WSM	Sell	WILLIAMS-SONOMA INC COM	$14,163,000	-14.2%	185,500	-7.6%	3.21%	-2.0%
PFE	Sell	PFIZER INCORPORATED	$13,667,000	-13.4%	435,119	-7.6%	3.10%	-1.0%
NOC	Sell	NORTHROP GRUMMAN CORP COM	$13,204,000	-3.1%	79,562	-7.4%	3.00%	+10.7%
RTN	Sell	RAYTHEON COMPANY	$13,129,000	+5.9%	120,165	-7.3%	2.98%	+21.0%
CMCSA	Sell	COMCAST CORP CL A	$12,434,000	-19.8%	218,596	-15.2%	2.82%	-8.3%
WFC	Buy	WELLS FARGO & CO DEL COM	$12,354,000	+28.3%	240,579	+40.6%	2.80%	+46.7%
HAS	Sell	HASBRO INCORPORATED	$12,341,000	-36.3%	171,076	-34.0%	2.80%	-27.2%
AMP	Sell	AMERIPRISE FINL INC COM	$11,343,000	-19.0%	103,941	-7.3%	2.57%	-7.4%
IBM	Sell	INTERNATIONAL BUSINESS MACHINE	$10,510,000	-17.8%	72,493	-7.8%	2.38%	-6.0%
AMGN	Sell	AMGEN INC	$10,088,000	-16.6%	72,935	-7.5%	2.29%	-4.7%
ANTM	Sell	ANTHEM INC COM	$9,866,000	-21.4%	70,473	-7.9%	2.24%	-10.2%
SLB	Sell	SCHLUMBERGER LTD COM	$9,423,000	-26.0%	136,619	-7.6%	2.14%	-15.5%
XOM	Sell	EXXON MOBIL CORP COM	$9,276,000	-17.5%	124,755	-7.7%	2.10%	-5.7%
PRU	Sell	PRUDENTIAL FINL INC COM	$9,127,000	-23.7%	119,755	-12.4%	2.07%	-12.8%
CSCO	Sell	CISCO SYSTEMS INC	$8,921,000	-11.0%	339,831	-6.9%	2.02%	+1.8%
VFC	Sell	V F CORP COM	$8,759,000	-9.3%	128,402	-7.3%	1.99%	+3.7%
MMM	Sell	3M CO.	$8,188,000	-15.2%	57,753	-7.7%	1.86%	-3.0%
CVS	Buy	CVS HEALTH CORPORATION	$8,172,000	+679.0%	84,698	+746.8%	1.85%	+791.3%
TWX	Sell	TIME WARNER INC COM	$7,783,000	-59.3%	113,213	-48.3%	1.77%	-53.5%
BLK	Sell	BLACKROCK INC COM	$7,656,000	-51.4%	25,738	-43.5%	1.74%	-44.5%
IVZ	Sell	INVESCO LTD SHS	$6,816,000	-52.5%	218,233	-43.0%	1.55%	-45.7%
WEC	Sell	WEC ENERGY GROUP INC COM	$4,913,000	+8.0%	94,081	-6.9%	1.12%	+23.5%
NKE	Sell	NIKE INCORPORATED CLASS B	$3,430,000	+12.8%	27,893	-1.0%	0.78%	+28.8%
HD	Sell	HOME DEPOT INCORPORATED	$3,249,000	+3.9%	28,132	-0.0%	0.74%	+18.7%
CL	Sell	COLGATE PALMOLIVE COMPANY	$3,114,000	-3.3%	49,069	-0.3%	0.71%	+10.6%
DIS	Sell	DISNEY, WALT COMPANY	$2,407,000	-10.6%	23,554	-0.1%	0.55%	+2.2%
AAPL	Sell	APPLE COMPUTER INC COM	$2,087,000	-12.2%	18,922	-0.1%	0.47%	+0.4%
USB	Sell	US BANCORP DEL COM	$1,619,000	-5.6%	39,484	-0.1%	0.37%	+7.9%
AGN	Sell	ALLERGAN PLC SHS	$1,415,000	-11.1%	5,206	-0.7%	0.32%	+1.6%
MA	Sell	MASTERCARD INC.	$1,366,000	-3.7%	15,158	-0.1%	0.31%	+9.9%
SBUX	Sell	STARBUCKS CORP COM	$1,339,000	+5.4%	23,559	-0.6%	0.30%	+20.6%
FISV	Sell	FISERV INCORPORATED	$1,195,000	+4.5%	13,792	-0.1%	0.27%	+19.4%
BA	Sell	BOEING COMPANY	$1,060,000	-7.4%	8,098	-1.9%	0.24%	+6.2%
TJX	Sell	TJX COS INC NEW COM	$959,000	+7.8%	13,431	-0.2%	0.22%	+23.2%
ETN	Sell	EATON CORPORATION PLC	$879,000	-30.7%	17,134	-8.9%	0.20%	-21.0%
MCK	Sell	MCKESSON CORPORATION	$795,000	-17.9%	4,297	-0.2%	0.18%	-6.2%
FDX	Sell	FEDEX CORP COM	$794,000	-15.7%	5,516	-0.2%	0.18%	-3.7%
AMG	Sell	AFFILIATED MNGRS GRP COM	$793,000	-22.4%	4,638	-0.7%	0.18%	-11.3%
FB	Sell	FACEBOOK INC CL A	$784,000	+4.8%	8,717	-0.1%	0.18%	+20.3%
CMG	Sell	CHIPOTLE MEXICAN GRILL COM	$774,000	+18.9%	1,075	-0.1%	0.18%	+36.4%
CELG	Sell	CELGENE CORP COM	$755,000	-6.7%	6,976	-0.2%	0.17%	+6.2%
KR	New	KROGER CO COM	$740,000	–	20,521	–	0.17%	–
GOOGL	Sell	GOOGLE INC CLASS A	$733,000	+18.2%	1,147	-0.1%	0.17%	+35.0%
V	New	VISA INC COM CL A	$664,000	–	9,537	–	0.15%	–
PVH	Sell	PVH CORP	$616,000	-11.6%	6,043	-0.1%	0.14%	+1.4%
VRX	Buy	VALEANT PHARMACEUTICALS INTL	$541,000	-10.6%	3,032	+11.3%	0.12%	+2.5%
BEAV	Sell	B/E AEROSPACE INC COM	$437,000	-24.9%	9,948	-6.2%	0.10%	-14.7%
TEN	Buy	TENNECO INC COM	$386,000	-20.6%	8,621	+2.0%	0.09%	-8.3%
CBS	Sell	CBS CORP NEW CL B	$364,000	-29.7%	9,117	-2.3%	0.08%	-19.4%
QRVO	Sell	QORVO INC COM	$294,000	-43.9%	6,516	-0.2%	0.07%	-35.6%
COP	Sell	CONOCOPHILLIPS COM	$271,000	-30.2%	5,651	-10.6%	0.06%	-20.8%
T	Sell	AT&T INC.	$270,000	-10.6%	8,283	-2.3%	0.06%	+1.7%
UPS	Sell	UNITED PARCEL SERVICE CL B	$251,000	-64.2%	2,545	-64.9%	0.06%	-59.0%
GOOG	Sell	GOOGLE INC. CLASS C	$249,000	+10.2%	410	-5.7%	0.06%	+24.4%
ORLY	New	O REILLY AUTOMOTIVE COM	$215,000	–	860	–	0.05%	–
NEBLQ	Sell	NOBLE CORPORATION PLC	$179,000	-30.1%	16,431	-1.2%	0.04%	-19.6%
OKE	Exit	ONEOK INC NEW COM	$0	–	-5,240	–	-0.04%	–
BAX	Exit	BAXTER INTL INC COM	$0	–	-3,118	–	-0.04%	–
MS	Exit	MORGAN STANLEY	$0	–	-6,244	–	-0.05%	–
KLAC	Exit	KLA-TENCOR CORP COM	$0	–	-7,011	–	-0.08%	–
BDC	Exit	BELDEN INC COM	$0	–	-7,689	–	-0.12%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD C SHS	$0	–	-5,486	–	-0.13%	–

Q2 2015

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORPORATION	$21,618,000	–	489,662	–	4.29%	–
HAS	New	HASBRO INCORPORATED	$19,383,000	–	259,173	–	3.85%	–
TWX	New	TIME WARNER INC COM	$19,143,000	–	219,003	–	3.80%	–
UNH	New	UNITEDHEALTH GROUP	$18,389,000	–	150,733	–	3.65%	–
HON	New	HONEYWELL INC COM	$18,235,000	–	178,826	–	3.62%	–
TXN	New	TEXAS INSTRUMENTS INCORPORATED	$16,968,000	–	329,420	–	3.37%	–
WBA	New	WALGREENS BOOTS ALLIANCE, INC.	$16,857,000	–	199,627	–	3.35%	–
CAH	New	CARDINAL HEALTH INC	$16,676,000	–	199,357	–	3.31%	–
BDX	New	BECTON DICKINSON & CO COM	$16,600,000	–	117,185	–	3.30%	–
WSM	New	WILLIAMS-SONOMA INC COM	$16,511,000	–	200,693	–	3.28%	–
PFE	New	PFIZER INCORPORATED	$15,784,000	–	470,743	–	3.13%	–
BLK	New	BLACKROCK INC COM	$15,768,000	–	45,574	–	3.13%	–
LOW	New	LOWES COS INC COM	$15,768,000	–	235,459	–	3.13%	–
TRV	New	THE TRAVELERS COMPANIES, INC.	$15,603,000	–	161,425	–	3.10%	–
CMCSA	New	COMCAST CORP CL A	$15,498,000	–	257,700	–	3.08%	–
LMT	New	LOCKHEED MARTIN CORP COM	$14,858,000	–	79,928	–	2.95%	–
IVZ	New	INVESCO LTD SHS	$14,358,000	–	382,996	–	2.85%	–
AMP	New	AMERIPRISE FINL INC COM	$14,005,000	–	112,102	–	2.78%	–
NOC	New	NORTHROP GRUMMAN CORP COM	$13,629,000	–	85,915	–	2.71%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$12,786,000	–	78,601	–	2.54%	–
SLB	New	SCHLUMBERGER LTD COM	$12,740,000	–	147,817	–	2.53%	–
ANTM	New	ANTHEM INC COM	$12,554,000	–	76,481	–	2.49%	–
RTN	New	RAYTHEON COMPANY	$12,399,000	–	129,587	–	2.46%	–
AMGN	New	AMGEN INC	$12,099,000	–	78,811	–	2.40%	–
PRU	New	PRUDENTIAL FINL INC COM	$11,960,000	–	136,656	–	2.37%	–
XOM	New	EXXON MOBIL CORP COM	$11,242,000	–	135,126	–	2.23%	–
CSCO	New	CISCO SYSTEMS INC	$10,020,000	–	364,914	–	1.99%	–
VFC	New	V F CORP COM	$9,656,000	–	138,464	–	1.92%	–
MMM	New	3M CO.	$9,653,000	–	62,561	–	1.92%	–
WFC	New	WELLS FARGO & CO DEL COM	$9,626,000	–	171,149	–	1.91%	–
JPM	New	J P MORGAN CHASE & CO	$6,767,000	–	99,870	–	1.34%	–
WEC	New	WEC ENERGY GROUP INC COM	$4,547,000	–	101,098	–	0.90%	–
CL	New	COLGATE PALMOLIVE COMPANY	$3,221,000	–	49,240	–	0.64%	–
HD	New	HOME DEPOT INCORPORATED	$3,127,000	–	28,144	–	0.62%	–
NKE	New	NIKE INCORPORATED CLASS B	$3,042,000	–	28,162	–	0.60%	–
DIS	New	DISNEY, WALT COMPANY	$2,691,000	–	23,574	–	0.53%	–
AAPL	New	APPLE COMPUTER INC COM	$2,376,000	–	18,947	–	0.47%	–
JNJ	New	JOHNSON & JOHNSON	$1,886,000	–	19,353	–	0.37%	–
USB	New	US BANCORP DEL COM	$1,715,000	–	39,506	–	0.34%	–
AGN	New	ALLERGAN PLC SHS	$1,591,000	–	5,243	–	0.32%	–
PEP	New	PEPSICO INCORPORATED	$1,580,000	–	16,927	–	0.31%	–
MA	New	MASTERCARD INC.	$1,419,000	–	15,179	–	0.28%	–
ETN	New	EATON CORPORATION PLC	$1,269,000	–	18,801	–	0.25%	–
SBUX	New	STARBUCKS CORP COM	$1,270,000	–	23,693	–	0.25%	–
UTX	New	UNITED TECHNOLOGIES CP COM	$1,221,000	–	11,005	–	0.24%	–
CVX	New	CHEVRON CORPORATION COM	$1,199,000	–	12,429	–	0.24%	–
FISV	New	FISERV INCORPORATED	$1,144,000	–	13,809	–	0.23%	–
BA	New	BOEING COMPANY	$1,145,000	–	8,252	–	0.23%	–
CVS	New	CVS/CAREMARK CORPORATION	$1,049,000	–	10,002	–	0.21%	–
AMG	New	AFFILIATED MNGRS GRP COM	$1,022,000	–	4,673	–	0.20%	–
MCK	New	MCKESSON CORPORATION	$968,000	–	4,304	–	0.19%	–
FDX	New	FEDEX CORP COM	$942,000	–	5,526	–	0.19%	–
TJX	New	TJX COS INC NEW COM	$890,000	–	13,452	–	0.18%	–
JCI	New	JOHNSON CTLS INC COM	$847,000	–	17,100	–	0.17%	–
CELG	New	CELGENE CORP COM	$809,000	–	6,988	–	0.16%	–
FB	New	FACEBOOK INC CL A	$748,000	–	8,724	–	0.15%	–
UPS	New	UNITED PARCEL SERVICE CL B	$702,000	–	7,245	–	0.14%	–
PVH	New	PVH CORP	$697,000	–	6,052	–	0.14%	–
GE	New	GENERAL ELECTRIC COMPANY	$691,000	–	25,973	–	0.14%	–
ABBV	New	ABBVIE INC. COM	$664,000	–	9,883	–	0.13%	–
CMG	New	CHIPOTLE MEXICAN GRILL COM	$651,000	–	1,076	–	0.13%	–
MNKKQ	New	MALLINCKRODT PUB LTD C SHS	$646,000	–	5,486	–	0.13%	–
BDC	New	BELDEN INC COM	$625,000	–	7,689	–	0.12%	–
GOOGL	New	GOOGLE INC CLASS A	$620,000	–	1,148	–	0.12%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL A	$615,000	–	3	–	0.12%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$605,000	–	2,724	–	0.12%	–
BEAV	New	B/E AEROSPACE INC COM	$582,000	–	10,606	–	0.12%	–
PG	New	PROCTER & GAMBLE COMPANY	$581,000	–	7,429	–	0.12%	–
KO	New	COCA-COLA COMPANY	$565,000	–	14,400	–	0.11%	–
QRVO	New	QORVO INC COM	$524,000	–	6,531	–	0.10%	–
CBS	New	CBS CORP NEW CL B	$518,000	–	9,327	–	0.10%	–
TROW	New	T ROWE PRICE GROUP, INC.	$505,000	–	6,500	–	0.10%	–
ABT	New	ABBOTT LABS INCORPORATED	$485,000	–	9,883	–	0.10%	–
TEN	New	TENNECO INC COM	$486,000	–	8,456	–	0.10%	–
ALL	New	ALLSTATE CORP COM	$481,000	–	7,416	–	0.10%	–
KLAC	New	KLA-TENCOR CORP COM	$394,000	–	7,011	–	0.08%	–
COP	New	CONOCOPHILLIPS COM	$388,000	–	6,318	–	0.08%	–
KMB	New	KIMBERLY CLARK CORPORATION	$329,000	–	3,100	–	0.06%	–
ITW	New	ILLINOIS TOOL WKS INC COM	$306,000	–	3,334	–	0.06%	–
T	New	AT&T INC.	$302,000	–	8,478	–	0.06%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$275,000	–	2,005	–	0.06%	–
NEBLQ	New	NOBLE CORPORATION PLC	$256,000	–	16,633	–	0.05%	–
QCOM	New	QUALCOMM INC COM	$247,000	–	3,945	–	0.05%	–
MS	New	MORGAN STANLEY	$242,000	–	6,244	–	0.05%	–
GOOG	New	GOOGLE INC. CLASS C	$226,000	–	435	–	0.04%	–
TGT	New	TARGET CORP COM	$216,000	–	2,650	–	0.04%	–
BAX	New	BAXTER INTL INC COM	$218,000	–	3,118	–	0.04%	–
OKE	New	ONEOK INC NEW COM	$207,000	–	5,240	–	0.04%	–

Q4 2014

			Value		Shares		↓ Weighting
DFS	Exit	DISCOVER FINL SVCS COM	$0	–	-3,122	–	-0.04%	–
MS	Exit	MORGAN STANLEY	$0	–	-6,244	–	-0.04%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-2,005	–	-0.05%	–
GLD	Exit	ETF SPDR GOLD TRUST	$0	–	-2,250	–	-0.05%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-4,188	–	-0.05%	–
ITW	Exit	ILLINOIS TOOL WKS INC COM	$0	–	-3,334	–	-0.06%	–
KMB	Exit	KIMBERLY CLARK CORPORATION	$0	–	-3,100	–	-0.07%	–
AGN	Exit	ALLERGAN INC COM	$0	–	-1,944	–	-0.07%	–
OKE	Exit	ONEOK INC NEW COM	$0	–	-5,240	–	-0.07%	–
ABT	Exit	ABBOTT LABS INCORPORATED	$0	–	-9,883	–	-0.08%	–
TGT	Exit	TARGET CORP COM	$0	–	-6,780	–	-0.08%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-7,416	–	-0.09%	–
TEN	Exit	TENNECO INC COM	$0	–	-8,904	–	-0.09%	–
NEBLQ	Exit	NOBLE CORPORATION PLC	$0	–	-21,935	–	-0.10%	–
TROW	Exit	T ROWE PRICE GROUP, INC.	$0	–	-6,500	–	-0.10%	–
PX	Exit	PRAXAIR INC COM	$0	–	-4,139	–	-0.10%	–
CBS	Exit	CBS CORP NEW CL B	$0	–	-9,919	–	-0.10%	–
COP	Exit	CONOCOPHILLIPS COM	$0	–	-7,043	–	-0.11%	–
ABBV	Exit	ABBVIE INC. COM	$0	–	-9,883	–	-0.11%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-14,400	–	-0.12%	–
BDX	Exit	BECTON DICKINSON & CO COM	$0	–	-5,450	–	-0.12%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL A	$0	–	-3	–	-0.12%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-7,679	–	-0.13%	–
VIAB	Exit	VIACOM INC CL B - NEW	$0	–	-8,593	–	-0.13%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-25,973	–	-0.13%	–
SLCA	Exit	U S SILICA HLDGS INC COM	$0	–	-10,784	–	-0.13%	–
GOOG	Exit	GOOGLE INC. CLASS C	$0	–	-1,187	–	-0.14%	–
CELG	Exit	CELGENE CORP COM	$0	–	-7,289	–	-0.14%	–
GOOGL	Exit	GOOGLE INC CLASS A	$0	–	-1,193	–	-0.14%	–
FB	Exit	FACEBOOK INC CL A	$0	–	-9,183	–	-0.14%	–
JCI	Exit	JOHNSON CTLS INC COM	$0	–	-17,100	–	-0.15%	–
PVH	Exit	PVH CORP	$0	–	-6,350	–	-0.15%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL COM	$0	–	-1,160	–	-0.15%	–
CVS	Exit	CVS/CAREMARK CORPORATION	$0	–	-10,683	–	-0.17%	–
MCK	Exit	MCKESSON CORPORATION	$0	–	-4,398	–	-0.17%	–
TJX	Exit	TJX COS INC NEW COM	$0	–	-14,481	–	-0.17%	–
UNH	Exit	UNITEDHEALTH GROUP	$0	–	-10,066	–	-0.17%	–
FISV	Exit	FISERV INCORPORATED	$0	–	-14,115	–	-0.18%	–
SLB	Exit	SCHLUMBERGER LTD COM	$0	–	-9,028	–	-0.18%	–
BEAV	Exit	B/E AEROSPACE INC COM	$0	–	-11,002	–	-0.18%	–
SBUX	Exit	STARBUCKS CORP COM	$0	–	-12,282	–	-0.18%	–
FDX	Exit	FEDEX CORP COM	$0	–	-5,845	–	-0.19%	–
AXP	Exit	AMERICAN EXPRESS COMPANY	$0	–	-10,968	–	-0.19%	–
AMG	Exit	AFFILIATED MNGRS GRP COM	$0	–	-4,857	–	-0.19%	–
GILD	Exit	GILEAD SCIENCES INC COM	$0	–	-10,082	–	-0.21%	–
CVX	Exit	CHEVRON CORPORATION COM	$0	–	-9,074	–	-0.21%	–
SWK	Exit	STANLEY BLACK DECKER, INC.	$0	–	-12,592	–	-0.22%	–
UTX	Exit	UNITED TECHNOLOGIES CP COM	$0	–	-11,005	–	-0.23%	–
MA	Exit	MASTERCARD INC.	$0	–	-15,815	–	-0.23%	–
BA	Exit	BOEING COMPANY	$0	–	-9,322	–	-0.23%	–
ETN	Exit	EATON CORPORATION PLC	$0	–	-20,293	–	-0.25%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-16,927	–	-0.31%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-17,644	–	-0.33%	–
USB	Exit	US BANCORP DEL COM	$0	–	-40,880	–	-0.34%	–
AAPL	Exit	APPLE COMPUTER INC COM	$0	–	-19,129	–	-0.38%	–
DIS	Exit	DISNEY, WALT COMPANY	$0	–	-24,365	–	-0.43%	–
NKE	Exit	NIKE INCORPORATED CLASS B	$0	–	-28,738	–	-0.50%	–
HD	Exit	HOME DEPOT INCORPORATED	$0	–	-28,449	–	-0.51%	–
CL	Exit	COLGATE PALMOLIVE COMPANY	$0	–	-49,550	–	-0.64%	–
WEC	Exit	WISCONSIN ENERGY CORP COM	$0	–	-111,456	–	-0.94%	–
T	Exit	AT&T INC.	$0	–	-192,805	–	-1.34%	–
KLAC	Exit	KLA-TENCOR CORP COM	$0	–	-118,301	–	-1.83%	–
QCOM	Exit	QUALCOMM INC COM	$0	–	-126,088	–	-1.86%	–
UPS	Exit	UNITED PARCEL SERVICE CL B	$0	–	-96,484	–	-1.87%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-394,609	–	-1.96%	–
NOC	Exit	NORTHROP GRUMMAN CORP COM	$0	–	-83,426	–	-2.16%	–
ESV	Exit	ENSCO PLC CL A	$0	–	-273,574	–	-2.22%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-60,374	–	-2.26%	–
BAX	Exit	BAXTER INTL INC COM	$0	–	-177,058	–	-2.50%	–
TXN	Exit	TEXAS INSTRUMENTS INCORPORATED	$0	–	-269,169	–	-2.53%	–
WAG	Exit	WALGREEN COMPANY	$0	–	-218,112	–	-2.54%	–
PRU	Exit	PRUDENTIAL FINL INC COM	$0	–	-151,740	–	-2.63%	–
LOW	Exit	LOWES COS INC COM	$0	–	-257,028	–	-2.68%	–
VFC	Exit	V F CORP COM	$0	–	-214,872	–	-2.79%	–
MMM	Exit	3M CO.	$0	–	-100,417	–	-2.80%	–
RTN	Exit	RAYTHEON COMPANY	$0	–	-141,620	–	-2.83%	–
WSM	Exit	WILLIAMS-SONOMA INC COM	$0	–	-219,314	–	-2.87%	–
AMP	Exit	AMERIPRISE FINL INC COM	$0	–	-122,311	–	-2.97%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-517,448	–	-3.01%	–
HAS	Exit	HASBRO INCORPORATED	$0	–	-284,293	–	-3.08%	–
LMT	Exit	LOCKHEED MARTIN CORP COM	$0	–	-87,625	–	-3.15%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-217,466	–	-3.21%	–
IVZ	Exit	INVESCO LTD SHS	$0	–	-414,393	–	-3.22%	–
BLK	Exit	BLACKROCK INC COM	$0	–	-49,920	–	-3.23%	–
TRV	Exit	THE TRAVELERS COMPANIES, INC.	$0	–	-176,734	–	-3.27%	–
TWX	Exit	TIME WARNER INC COM	$0	–	-235,453	–	-3.49%	–
HON	Exit	HONEYWELL INC COM	$0	–	-195,015	–	-3.57%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP	$0	–	-197,912	–	-3.75%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-380,553	–	-4.03%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-203,450	–	-4.27%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-526,322	–	-4.80%	–

Q3 2014

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORPORATION	$24,400,000	+12.7%	526,322	+1.4%	4.80%	+12.7%
JNJ	Buy	JOHNSON & JOHNSON	$21,685,000	+4.1%	203,450	+2.2%	4.27%	+4.1%
CMCSA	Buy	COMCAST CORP CL A	$20,466,000	+1.7%	380,553	+1.5%	4.03%	+1.7%
OXY	Buy	OCCIDENTAL PETROLEUM CORP	$19,029,000	-4.1%	197,912	+2.4%	3.75%	-4.0%
HON	Buy	HONEYWELL INC COM	$18,159,000	+2.5%	195,015	+2.3%	3.57%	+2.5%
TWX	Buy	TIME WARNER INC COM	$17,708,000	+12.5%	235,453	+5.1%	3.49%	+12.6%
TRV	Buy	THE TRAVELERS COMPANIES, INC.	$16,603,000	+2.3%	176,734	+2.4%	3.27%	+2.3%
BLK	Buy	BLACKROCK INC COM	$16,390,000	+4.4%	49,920	+1.6%	3.23%	+4.4%
IVZ	Buy	INVESCO LTD SHS	$16,361,000	+42.2%	414,393	+35.9%	3.22%	+42.2%
CAH	Buy	CARDINAL HEALTH INC	$16,292,000	+11.8%	217,466	+2.3%	3.21%	+11.8%
LMT	Buy	LOCKHEED MARTIN CORP COM	$16,016,000	+81.5%	87,625	+59.6%	3.15%	+81.5%
HAS	Buy	HASBRO INCORPORATED	$15,635,000	+6.1%	284,293	+2.3%	3.08%	+6.1%
PFE	Buy	PFIZER INCORPORATED	$15,301,000	+2.1%	517,448	+2.5%	3.01%	+2.1%
AMP	Buy	AMERIPRISE FINL INC COM	$15,091,000	+5.1%	122,311	+2.2%	2.97%	+5.1%
WSM	Buy	WILLIAMS-SONOMA INC COM	$14,600,000	-5.1%	219,314	+2.4%	2.87%	-5.0%
RTN	Buy	RAYTHEON COMPANY	$14,391,000	+54.1%	141,620	+39.9%	2.83%	+54.1%
MMM	Buy	3M CO.	$14,227,000	+1.5%	100,417	+2.6%	2.80%	+1.5%
VFC	Buy	V F CORP COM	$14,188,000	+7.2%	214,872	+2.3%	2.79%	+7.2%
LOW	Buy	LOWES COS INC COM	$13,602,000	+11.0%	257,028	+0.6%	2.68%	+11.0%
PRU	Buy	PRUDENTIAL FINL INC COM	$13,344,000	+115.7%	151,740	+117.7%	2.63%	+115.7%
WAG	Buy	WALGREEN COMPANY	$12,928,000	-18.2%	218,112	+2.4%	2.54%	-18.1%
TXN	Buy	TEXAS INSTRUMENTS INCORPORATED	$12,837,000	+2.2%	269,169	+2.4%	2.53%	+2.2%
BAX	Buy	BAXTER INTL INC COM	$12,707,000	+1.6%	177,058	+2.3%	2.50%	+1.5%
IBM	Buy	INTERNATIONAL BUSINESS MACHINE	$11,461,000	+5181.6%	60,374	+4956.4%	2.26%	+5146.5%
ESV	Buy	ENSCO PLC CL A	$11,302,000	-23.5%	273,574	+2.9%	2.22%	-23.5%
NOC	New	NORTHROP GRUMMAN CORP COM	$10,992,000	–	83,426	–	2.16%	–
CSCO	Buy	CISCO SYSTEMS INC	$9,932,000	+1154.0%	394,609	+1138.6%	1.96%	+1153.2%
UPS	New	UNITED PARCEL SERVICE CL B	$9,483,000	–	96,484	–	1.87%	–
QCOM	Sell	QUALCOMM INC COM	$9,427,000	-50.7%	126,088	-47.8%	1.86%	-50.7%
KLAC	New	KLA-TENCOR CORP COM	$9,319,000	–	118,301	–	1.83%	–
T	Buy	AT&T INC.	$6,795,000	+1.9%	192,805	+2.2%	1.34%	+1.9%
WEC	Buy	WISCONSIN ENERGY CORP COM	$4,793,000	-6.4%	111,456	+2.1%	0.94%	-6.4%
CL	Sell	COLGATE PALMOLIVE COMPANY	$3,232,000	-5.0%	49,550	-0.7%	0.64%	-4.9%
HD	Sell	HOME DEPOT INCORPORATED	$2,610,000	+10.5%	28,449	-2.5%	0.51%	+10.5%
NKE	Sell	NIKE INCORPORATED CLASS B	$2,564,000	+10.7%	28,738	-3.8%	0.50%	+10.7%
DIS	Sell	DISNEY, WALT COMPANY	$2,169,000	-2.5%	24,365	-6.1%	0.43%	-2.5%
AAPL	Sell	APPLE COMPUTER INC COM	$1,927,000	-0.1%	19,129	-7.8%	0.38%	0.0%
USB	Sell	US BANCORP DEL COM	$1,710,000	-8.4%	40,880	-5.1%	0.34%	-8.2%
ETN	Sell	EATON CORPORATION PLC	$1,286,000	-24.6%	20,293	-8.2%	0.25%	-24.7%
BA	Sell	BOEING COMPANY	$1,187,000	-10.2%	9,322	-10.3%	0.23%	-10.0%
MA	Sell	MASTERCARD INC.	$1,169,000	-11.4%	15,815	-11.9%	0.23%	-11.5%
UTX	Sell	UNITED TECHNOLOGIES CP COM	$1,162,000	-93.3%	11,005	-92.7%	0.23%	-93.3%
SWK	Sell	STANLEY BLACK DECKER, INC.	$1,118,000	-93.6%	12,592	-93.6%	0.22%	-93.6%
CVX	Sell	CHEVRON CORPORATION COM	$1,083,000	-18.7%	9,074	-11.0%	0.21%	-18.7%
GILD	Sell	GILEAD SCIENCES INC COM	$1,073,000	+15.5%	10,082	-10.0%	0.21%	+15.3%
AMG	Sell	AFFILIATED MNGRS GRP COM	$973,000	-11.9%	4,857	-9.6%	0.19%	-11.5%
AXP	Sell	AMERICAN EXPRESS COMPANY	$960,000	-15.1%	10,968	-8.0%	0.19%	-15.2%
FDX	Sell	FEDEX CORP COM	$944,000	-3.1%	5,845	-9.2%	0.19%	-3.1%
BEAV	Sell	B/E AEROSPACE INC COM	$924,000	-18.1%	11,002	-9.8%	0.18%	-18.0%
SBUX	Sell	STARBUCKS CORP COM	$927,000	-12.0%	12,282	-9.9%	0.18%	-12.1%
SLB	Sell	SCHLUMBERGER LTD COM	$918,000	-22.7%	9,028	-10.3%	0.18%	-22.6%
FISV	Sell	FISERV INCORPORATED	$912,000	-1.2%	14,115	-7.7%	0.18%	-1.1%
UNH	Sell	UNITEDHEALTH GROUP	$868,000	-2.9%	10,066	-7.9%	0.17%	-2.8%
TJX	Sell	TJX COS INC NEW COM	$857,000	+0.7%	14,481	-9.6%	0.17%	+1.2%
MCK	Sell	MCKESSON CORPORATION	$856,000	-4.8%	4,398	-8.9%	0.17%	-5.1%
CVS	Sell	CVS/CAREMARK CORPORATION	$850,000	-3.7%	10,683	-8.8%	0.17%	-4.0%
CMG	Sell	CHIPOTLE MEXICAN GRILL COM	$773,000	+0.9%	1,160	-10.2%	0.15%	+0.7%
PVH	Sell	PVH CORP	$769,000	-7.2%	6,350	-10.7%	0.15%	-7.4%
FB	Sell	FACEBOOK INC CL A	$726,000	+6.0%	9,183	-9.7%	0.14%	+5.9%
GOOGL	Sell	GOOGLE INC CLASS A	$702,000	-5.8%	1,193	-6.3%	0.14%	-6.1%
CELG	Sell	CELGENE CORP COM	$691,000	+0.4%	7,289	-9.1%	0.14%	+0.7%
GOOG	Sell	GOOGLE INC. CLASS C	$686,000	-5.9%	1,187	-6.3%	0.14%	-5.6%
SLCA	New	U S SILICA HLDGS INC COM	$674,000	–	10,784	–	0.13%	–
VIAB	Sell	VIACOM INC CL B - NEW	$661,000	-19.7%	8,593	-9.4%	0.13%	-19.8%
CBS	Sell	CBS CORP NEW CL B	$531,000	-23.3%	9,919	-10.9%	0.10%	-22.8%
PX	Sell	PRAXAIR INC COM	$534,000	-12.5%	4,139	-9.8%	0.10%	-12.5%
NEBLQ	Sell	NOBLE CORPORATION PLC	$487,000	-42.1%	21,935	-12.4%	0.10%	-42.2%
TEN	New	TENNECO INC COM	$466,000	–	8,904	–	0.09%	–
ITW	Sell	ILLINOIS TOOL WKS INC COM	$282,000	-3.8%	3,334	-0.6%	0.06%	-3.4%
DFS	New	DISCOVER FINL SVCS COM	$201,000	–	3,122	–	0.04%	–
NUS	Exit	NU SKIN ENTERPRISES CL A	$0	–	-5,163	–	-0.08%	–
SHOO	Exit	MADDEN STEVEN LTD COM	$0	–	-18,334	–	-0.12%	–
KORS	Exit	MICHAEL KORS HLDGS LTD SHS	$0	–	-9,999	–	-0.17%	–
ADI	Exit	ANALOG DEVICES INC COM	$0	–	-166,128	–	-1.77%	–
EV	Exit	EATON VANCE CORP COM NON VTG	$0	–	-291,967	–	-2.17%	–
MXIM	Exit	MAXIM INTEGRATED PRODS COM	$0	–	-440,339	–	-2.93%	–

Q2 2014

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORPORATION	$21,652,000	–	519,223	–	4.26%	–
JNJ	New	JOHNSON & JOHNSON	$20,837,000	–	199,162	–	4.10%	–
CMCSA	New	COMCAST CORP CL A	$20,127,000	–	374,947	–	3.96%	–
OXY	New	OCCIDENTAL PETROLEUM CORP	$19,838,000	–	193,303	–	3.90%	–
QCOM	New	QUALCOMM INC COM	$19,118,000	–	241,395	–	3.76%	–
HON	New	HONEYWELL INC COM	$17,723,000	–	190,676	–	3.49%	–
UTX	New	UNITED TECHNOLOGIES CP COM	$17,417,000	–	150,862	–	3.43%	–
SWK	New	STANLEY BLACK DECKER, INC.	$17,376,000	–	197,861	–	3.42%	–
TRV	New	THE TRAVELERS COMPANIES, INC.	$16,235,000	–	172,593	–	3.20%	–
WAG	New	WALGREEN COMPANY	$15,797,000	–	213,098	–	3.11%	–
TWX	New	TIME WARNER INC COM	$15,736,000	–	224,012	–	3.10%	–
BLK	New	BLACKROCK INC COM	$15,698,000	–	49,117	–	3.09%	–
WSM	New	WILLIAMS-SONOMA INC COM	$15,377,000	–	214,229	–	3.03%	–
PFE	New	PFIZER INCORPORATED	$14,987,000	–	504,957	–	2.95%	–
MXIM	New	MAXIM INTEGRATED PRODS COM	$14,888,000	–	440,339	–	2.93%	–
ESV	New	ENSCO PLC CL A	$14,778,000	–	265,935	–	2.91%	–
HAS	New	HASBRO INCORPORATED	$14,736,000	–	277,785	–	2.90%	–
CAH	New	CARDINAL HEALTH INC	$14,571,000	–	212,532	–	2.87%	–
AMP	New	AMERIPRISE FINL INC COM	$14,357,000	–	119,639	–	2.83%	–
MMM	New	3M CO.	$14,016,000	–	97,855	–	2.76%	–
VFC	New	V F CORP COM	$13,236,000	–	210,105	–	2.60%	–
TXN	New	TEXAS INSTRUMENTS INCORPORATED	$12,565,000	–	262,928	–	2.47%	–
BAX	New	BAXTER INTL INC COM	$12,513,000	–	173,072	–	2.46%	–
LOW	New	LOWES COS INC COM	$12,257,000	–	255,414	–	2.41%	–
IVZ	New	INVESCO LTD SHS	$11,509,000	–	304,868	–	2.26%	–
EV	New	EATON VANCE CORP COM NON VTG	$11,033,000	–	291,967	–	2.17%	–
RTN	New	RAYTHEON COMPANY	$9,339,000	–	101,235	–	1.84%	–
ADI	New	ANALOG DEVICES INC COM	$8,983,000	–	166,128	–	1.77%	–
LMT	New	LOCKHEED MARTIN CORP COM	$8,825,000	–	54,904	–	1.74%	–
T	New	AT&T INC.	$6,669,000	–	188,618	–	1.31%	–
PRU	New	PRUDENTIAL FINL INC COM	$6,187,000	–	69,697	–	1.22%	–
WEC	New	WISCONSIN ENERGY CORP COM	$5,120,000	–	109,112	–	1.01%	–
CL	New	COLGATE PALMOLIVE COMPANY	$3,401,000	–	49,885	–	0.67%	–
HD	New	HOME DEPOT INCORPORATED	$2,362,000	–	29,171	–	0.46%	–
NKE	New	NIKE INCORPORATED CLASS B	$2,316,000	–	29,871	–	0.46%	–
DIS	New	DISNEY, WALT COMPANY	$2,224,000	–	25,945	–	0.44%	–
AAPL	New	APPLE COMPUTER INC COM	$1,928,000	–	20,751	–	0.38%	–
USB	New	US BANCORP DEL COM	$1,867,000	–	43,091	–	0.37%	–
XOM	New	EXXON MOBIL CORP COM	$1,776,000	–	17,644	–	0.35%	–
ETN	New	EATON CORPORATION PLC	$1,705,000	–	22,096	–	0.34%	–
PEP	New	PEPSICO INCORPORATED	$1,512,000	–	16,927	–	0.30%	–
CVX	New	CHEVRON CORPORATION COM	$1,332,000	–	10,199	–	0.26%	–
BA	New	BOEING COMPANY	$1,322,000	–	10,387	–	0.26%	–
MA	New	MASTERCARD INC.	$1,319,000	–	17,950	–	0.26%	–
SLB	New	SCHLUMBERGER LTD COM	$1,187,000	–	10,065	–	0.23%	–
AXP	New	AMERICAN EXPRESS COMPANY	$1,131,000	–	11,918	–	0.22%	–
BEAV	New	B/E AEROSPACE INC COM	$1,128,000	–	12,200	–	0.22%	–
AMG	New	AFFILIATED MNGRS GRP COM	$1,104,000	–	5,375	–	0.22%	–
SBUX	New	STARBUCKS CORP COM	$1,054,000	–	13,625	–	0.21%	–
FDX	New	FEDEX CORP COM	$974,000	–	6,435	–	0.19%	–
GILD	New	GILEAD SCIENCES INC COM	$929,000	–	11,200	–	0.18%	–
FISV	New	FISERV INCORPORATED	$923,000	–	15,295	–	0.18%	–
MCK	New	MCKESSON CORPORATION	$899,000	–	4,830	–	0.18%	–
UNH	New	UNITEDHEALTH GROUP	$894,000	–	10,935	–	0.18%	–
CVS	New	CVS/CAREMARK CORPORATION	$883,000	–	11,713	–	0.17%	–
KORS	New	MICHAEL KORS HLDGS LTD SHS	$886,000	–	9,999	–	0.17%	–
JCI	New	JOHNSON CTLS INC COM	$854,000	–	17,100	–	0.17%	–
TJX	New	TJX COS INC NEW COM	$851,000	–	16,020	–	0.17%	–
NEBLQ	New	NOBLE CORPORATION PLC	$841,000	–	25,045	–	0.17%	–
PVH	New	PVH CORP	$829,000	–	7,107	–	0.16%	–
VIAB	New	VIACOM INC CL B - NEW	$823,000	–	9,485	–	0.16%	–
CSCO	New	CISCO SYSTEMS INC	$792,000	–	31,859	–	0.16%	–
CMG	New	CHIPOTLE MEXICAN GRILL COM	$766,000	–	1,292	–	0.15%	–
GOOGL	New	GOOGLE INC CLASS A	$745,000	–	1,273	–	0.15%	–
GOOG	New	GOOGLE INC. CLASS C	$729,000	–	1,267	–	0.14%	–
CBS	New	CBS CORP NEW CL B	$692,000	–	11,136	–	0.14%	–
CELG	New	CELGENE CORP COM	$688,000	–	8,016	–	0.14%	–
FB	New	FACEBOOK INC CL A	$685,000	–	10,173	–	0.14%	–
GE	New	GENERAL ELECTRIC COMPANY	$682,000	–	25,973	–	0.13%	–
BDX	New	BECTON DICKINSON & CO COM	$645,000	–	5,450	–	0.13%	–
SHOO	New	MADDEN STEVEN LTD COM	$629,000	–	18,334	–	0.12%	–
KO	New	COCA-COLA COMPANY	$610,000	–	14,400	–	0.12%	–
PX	New	PRAXAIR INC COM	$610,000	–	4,589	–	0.12%	–
PG	New	PROCTER & GAMBLE COMPANY	$603,000	–	7,679	–	0.12%	–
COP	New	CONOCOPHILLIPS COM	$604,000	–	7,043	–	0.12%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL A	$570,000	–	3	–	0.11%	–
ABBV	New	ABBVIE INC. COM	$558,000	–	9,883	–	0.11%	–
TROW	New	T ROWE PRICE GROUP, INC.	$549,000	–	6,500	–	0.11%	–
ALL	New	ALLSTATE CORP COM	$435,000	–	7,416	–	0.09%	–
ABT	New	ABBOTT LABS INCORPORATED	$404,000	–	9,883	–	0.08%	–
TGT	New	TARGET CORP COM	$393,000	–	6,780	–	0.08%	–
NUS	New	NU SKIN ENTERPRISES CL A	$382,000	–	5,163	–	0.08%	–
OKE	New	ONEOK INC NEW COM	$357,000	–	5,240	–	0.07%	–
KMB	New	KIMBERLY CLARK CORPORATION	$345,000	–	3,100	–	0.07%	–
AGN	New	ALLERGAN INC COM	$329,000	–	1,944	–	0.06%	–
ITW	New	ILLINOIS TOOL WKS INC COM	$293,000	–	3,353	–	0.06%	–
HAL	New	HALLIBURTON CO COM	$297,000	–	4,188	–	0.06%	–
GLD	New	ETF SPDR GOLD TRUST	$288,000	–	2,250	–	0.06%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$258,000	–	2,005	–	0.05%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$217,000	–	1,194	–	0.04%	–
MS	New	MORGAN STANLEY	$202,000	–	6,244	–	0.04%	–

Q4 2013

			Value		Shares		↓ Weighting
RDSA	Exit	ROYAL DUTCH SHELL PLC SPONS AD	$0	–	-3,075	–	-0.05%	–
PPG	Exit	PPG INDUSTRIES INC COM	$0	–	-1,500	–	-0.06%	–
AGN	Exit	ALLERGAN INC COM	$0	–	-3,160	–	-0.07%	–
DE	Exit	DEERE & CO COM	$0	–	-3,575	–	-0.07%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INC	$0	–	-3,055	–	-0.08%	–
ABT	Exit	ABBOTT LABS INCORPORATED	$0	–	-9,883	–	-0.08%	–
ITW	Exit	ILLINOIS TOOL WKS INC COM	$0	–	-4,595	–	-0.08%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-7,416	–	-0.09%	–
PSX	Exit	PHILLIPS 66 COM	$0	–	-7,072	–	-0.10%	–
KMB	Exit	KIMBERLY CLARK CORPORATION	$0	–	-4,500	–	-0.10%	–
TRV	Exit	TRAVELERS COMPANIES, INC.	$0	–	-5,097	–	-0.10%	–
ABBV	Exit	ABBVIE INC. COM	$0	–	-9,883	–	-0.11%	–
BEAV	Exit	B/E AEROSPACE INC COM	$0	–	-6,850	–	-0.12%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CL A	$0	–	-3	–	-0.12%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-14,400	–	-0.13%	–
BDX	Exit	BECTON DICKINSON & CO COM	$0	–	-5,450	–	-0.13%	–
OKE	Exit	ONEOK INC NEW COM	$0	–	-10,340	–	-0.13%	–
GLD	Exit	ETF SPDR GOLD TRUST	$0	–	-4,500	–	-0.14%	–
PX	Exit	PRAXAIR INC COM	$0	–	-4,839	–	-0.14%	–
GILD	Exit	GILEAD SCIENCES INC COM	$0	–	-11,010	–	-0.17%	–
SHOO	Exit	MADDEN STEVEN LTD COM	$0	–	-12,870	–	-0.17%	–
CVS	Exit	CVS/CAREMARK CORPORATION	$0	–	-12,288	–	-0.17%	–
JCI	Exit	JOHNSON CTLS INC COM	$0	–	-17,100	–	-0.17%	–
SAP	Exit	SAP AG ADR	$0	–	-9,833	–	-0.18%	–
JPM	Exit	J P MORGAN CHASE & CO	$0	–	-14,505	–	-0.18%	–
COP	Exit	CONOCOPHILLIPS COM	$0	–	-11,021	–	-0.18%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-33,223	–	-0.19%	–
CAT	Exit	CATERPILLAR INC DEL COM	$0	–	-9,680	–	-0.19%	–
FISV	Exit	FISERV INCORPORATED	$0	–	-8,015	–	-0.20%	–
FDX	Exit	FEDEX CORP COM	$0	–	-7,180	–	-0.20%	–
VIAB	Exit	VIACOM INC CL B - NEW	$0	–	-10,045	–	-0.20%	–
EMC	Exit	E M C CORP MASS COM	$0	–	-34,220	–	-0.21%	–
PVH	Exit	PVH CORP	$0	–	-7,377	–	-0.21%	–
UNH	Exit	UNITEDHEALTH GROUP	$0	–	-12,740	–	-0.22%	–
TJX	Exit	TJX COS INC NEW COM	$0	–	-16,895	–	-0.23%	–
AXP	Exit	AMERICAN EXPRESS COMPANY	$0	–	-12,648	–	-0.23%	–
SLB	Exit	SCHLUMBERGER LTD COM	$0	–	-11,265	–	-0.24%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-22,093	–	-0.26%	–
AMG	Exit	AFFILIATED MNGRS GRP COM	$0	–	-6,038	–	-0.26%	–
SBUX	Exit	STARBUCKS CORP COM	$0	–	-14,345	–	-0.27%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-47,324	–	-0.27%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-1,323	–	-0.28%	–
MA	Exit	MASTERCARD INC.	$0	–	-1,876	–	-0.30%	–
BA	Exit	BOEING COMPANY	$0	–	-11,448	–	-0.32%	–
KORS	Exit	MICHAEL KORS HLDGS LTD SHS	$0	–	-18,330	–	-0.33%	–
AAPL	Exit	APPLE COMPUTER INC COM	$0	–	-3,113	–	-0.36%	–
MCK	Exit	MCKESSON CORPORATION	$0	–	-12,226	–	-0.38%	–
HD	Exit	HOME DEPOT INCORPORATED	$0	–	-22,556	–	-0.41%	–
DIS	Exit	DISNEY, WALT COMPANY	$0	–	-26,740	–	-0.42%	–
ETN	Exit	EATON CORPORATION PLC	$0	–	-25,675	–	-0.42%	–
USB	Exit	US BANCORP DEL COM	$0	–	-53,747	–	-0.47%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-26,400	–	-0.55%	–
NKE	Exit	NIKE INCORPORATED CLASS B	$0	–	-32,791	–	-0.57%	–
CL	Exit	COLGATE PALMOLIVE COMPANY	$0	–	-52,450	–	-0.75%	–
EV	Exit	EATON VANCE CORP COM NON VTG	$0	–	-178,327	–	-1.67%	–
WSM	Exit	WILLIAMS-SONOMA INC COM	$0	–	-124,639	–	-1.69%	–
ADI	Exit	ANALOG DEVICES INC COM	$0	–	-153,654	–	-1.74%	–
WEC	Exit	WISCONSIN ENERGY CORP COM	$0	–	-179,641	–	-1.75%	–
RTN	Exit	RAYTHEON COMPANY	$0	–	-94,333	–	-1.75%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-43,142	–	-1.92%	–
SWY	Exit	SAFEWAY INC COM NEW	$0	–	-252,078	–	-1.94%	–
TGT	Exit	TARGET CORP COM	$0	–	-135,493	–	-2.09%	–
VFC	Exit	V F CORP COM	$0	–	-48,639	–	-2.33%	–
T	Exit	AT&T INC.	$0	–	-286,744	–	-2.33%	–
TROW	Exit	T ROWE PRICE GROUP, INC.	$0	–	-135,760	–	-2.35%	–
IVZ	Exit	INVESCO LTD SHS	$0	–	-313,320	–	-2.40%	–
BAX	Exit	BAXTER INTL INC COM	$0	–	-160,330	–	-2.53%	–
MMM	Exit	3M CO.	$0	–	-89,780	–	-2.58%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-136,636	–	-2.61%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-155,998	–	-2.84%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-357,082	–	-2.86%	–
BLK	Exit	BLACKROCK INC COM	$0	–	-44,620	–	-2.91%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP	$0	–	-133,244	–	-3.00%	–
MXIM	Exit	MAXIM INTEGRATED PRODS COM	$0	–	-424,298	–	-3.04%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-267,653	–	-3.36%	–
TXN	Exit	TEXAS INSTRUMENTS INCORPORATED	$0	–	-359,576	–	-3.49%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-324,633	–	-3.52%	–
LOW	Exit	LOWES COS INC COM	$0	–	-307,954	–	-3.53%	–
CVX	Exit	CHEVRON CORPORATION COM	$0	–	-121,955	–	-3.57%	–
QCOM	Exit	QUALCOMM INC COM	$0	–	-224,750	–	-3.64%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-186,267	–	-3.88%	–
AMP	Exit	AMERIPRISE FINL INC COM	$0	–	-179,757	–	-3.94%	–
SWK	Exit	STANLEY BLACK DECKER, INC.	$0	–	-183,217	–	-3.99%	–
HON	Exit	HONEYWELL INC COM	$0	–	-213,138	–	-4.26%	–
UTX	Exit	UNITED TECHNOLOGIES CP COM	$0	–	-170,929	–	-4.44%	–

Q3 2013

			Value		Shares		↓ Weighting
UTX	Buy	UNITED TECHNOLOGIES CP COM	$18,430,000	+41.3%	170,929	+21.8%	4.44%	+52.7%
HON	Buy	HONEYWELL INC COM	$17,699,000	+16.6%	213,138	+11.5%	4.26%	+26.0%
SWK	Sell	STANLEY BLACK DECKER, INC.	$16,594,000	+2.2%	183,217	-12.8%	3.99%	+10.3%
AMP	Sell	AMERIPRISE FINL INC COM	$16,373,000	-3.1%	179,757	-14.0%	3.94%	+4.6%
JNJ	Sell	JOHNSON & JOHNSON	$16,147,000	-12.6%	186,267	-13.4%	3.88%	-5.6%
QCOM	Sell	QUALCOMM INC COM	$15,130,000	-5.6%	224,750	-14.3%	3.64%	+1.9%
CVX	Sell	CHEVRON CORPORATION COM	$14,818,000	-11.6%	121,955	-13.9%	3.57%	-4.5%
LOW	Sell	LOWES COS INC COM	$14,662,000	-0.1%	307,954	-14.2%	3.53%	+7.9%
CMCSA	Sell	COMCAST CORP CL A	$14,646,000	-7.2%	324,633	-14.1%	3.52%	+0.3%
TXN	Buy	TEXAS INSTRUMENTS INCORPORATED	$14,488,000	+93.0%	359,576	+66.9%	3.49%	+108.4%
CAH	Sell	CARDINAL HEALTH INC	$13,958,000	-5.0%	267,653	-14.0%	3.36%	+2.6%
MXIM	Sell	MAXIM INTEGRATED PRODS COM	$12,652,000	-7.4%	424,298	-13.7%	3.04%	0.0%
OXY	Sell	OCCIDENTAL PETROLEUM CORP	$12,463,000	-9.9%	133,244	-14.0%	3.00%	-2.7%
BLK	Sell	BLACKROCK INC COM	$12,075,000	-9.4%	44,620	-14.0%	2.91%	-2.2%
MSFT	Sell	MICROSOFT CORPORATION	$11,884,000	-12.4%	357,082	-9.1%	2.86%	-5.4%
PG	Sell	PROCTER & GAMBLE COMPANY	$11,792,000	-15.7%	155,998	-14.1%	2.84%	-9.0%
PEP	Sell	PEPSICO INCORPORATED	$10,862,000	-15.5%	136,636	-13.1%	2.61%	-8.8%
MMM	Sell	3M CO.	$10,721,000	-6.7%	89,780	-14.5%	2.58%	+0.8%
BAX	Sell	BAXTER INTL INC COM	$10,532,000	-18.5%	160,330	-14.1%	2.53%	-12.0%
IVZ	Buy	INVESCO LTD SHS	$9,995,000	+39.3%	313,320	+38.9%	2.40%	+50.5%
TROW	Sell	T ROWE PRICE GROUP, INC.	$9,766,000	-15.7%	135,760	-14.2%	2.35%	-8.9%
T	Sell	AT&T INC.	$9,698,000	-17.2%	286,744	-13.4%	2.33%	-10.6%
VFC	Sell	V F CORP COM	$9,682,000	-11.2%	48,639	-13.8%	2.33%	-4.1%
TGT	Sell	TARGET CORP COM	$8,669,000	-54.7%	135,493	-51.3%	2.09%	-51.1%
SWY	Sell	SAFEWAY INC COM NEW	$8,064,000	+15.1%	252,078	-14.9%	1.94%	+24.3%
IBM	Sell	INTERNATIONAL BUSINESS MACHINE	$7,989,000	-54.5%	43,142	-53.0%	1.92%	-50.9%
RTN	Sell	RAYTHEON COMPANY	$7,270,000	+0.7%	94,333	-13.6%	1.75%	+8.7%
WEC	Sell	WISCONSIN ENERGY CORP COM	$7,254,000	-14.8%	179,641	-13.5%	1.75%	-8.0%
ADI	Buy	ANALOG DEVICES INC COM	$7,229,000	+861.3%	153,654	+821.0%	1.74%	+935.7%
WSM	New	WILLIAMS-SONOMA INC COM	$7,005,000	–	124,639	–	1.69%	–
EV	Sell	EATON VANCE CORP COM NON VTG	$6,924,000	-9.7%	178,327	-12.5%	1.67%	-2.5%
NKE	Buy	NIKE INCORPORATED CLASS B	$2,382,000	+15.9%	32,791	+1.7%	0.57%	+25.1%
XOM	Sell	EXXON MOBIL CORP COM	$2,271,000	-82.8%	26,400	-81.9%	0.55%	-81.4%
USB	Sell	US BANCORP DEL COM	$1,966,000	+0.9%	53,747	-0.3%	0.47%	+9.0%
ETN	Sell	EATON CORPORATION PLC	$1,767,000	+3.0%	25,675	-1.5%	0.42%	+11.3%
DIS	Sell	DISNEY, WALT COMPANY	$1,725,000	+0.9%	26,740	-1.3%	0.42%	+8.9%
MCK	Buy	MCKESSON CORPORATION	$1,569,000	+12.2%	12,226	+0.2%	0.38%	+21.2%
AAPL	Buy	APPLE COMPUTER INC COM	$1,484,000	+20.3%	3,113	+0.0%	0.36%	+29.8%
KORS	Buy	MICHAEL KORS HLDGS LTD SHS	$1,366,000	+23.0%	18,330	+2.3%	0.33%	+32.7%
BA	Buy	BOEING COMPANY	$1,345,000	+14.7%	11,448	+0.0%	0.32%	+24.1%
MA	Buy	MASTERCARD INC.	$1,262,000	+17.2%	1,876	+0.1%	0.30%	+26.7%
GOOGL	Buy	GOOGLE INC CL A	$1,159,000	-0.2%	1,323	+0.3%	0.28%	+7.7%
SBUX	Buy	STARBUCKS CORP COM	$1,104,000	+17.4%	14,345	+0.0%	0.27%	+27.3%
AMG	Buy	AFFILIATED MNGRS GRP COM	$1,103,000	+11.8%	6,038	+0.3%	0.26%	+20.5%
HAL	Buy	HALLIBURTON CO COM	$1,064,000	+15.7%	22,093	+0.2%	0.26%	+24.9%
SLB	Sell	SCHLUMBERGER LTD COM	$995,000	+23.0%	11,265	-0.3%	0.24%	+32.8%
AXP	Sell	AMERICAN EXPRESS COMPANY	$955,000	-0.3%	12,648	-1.3%	0.23%	+8.0%
TJX	Buy	TJX COS INC NEW COM	$953,000	+12.8%	16,895	+0.1%	0.23%	+21.8%
UNH	Sell	UNITEDHEALTH GROUP	$912,000	+5.9%	12,740	-3.1%	0.22%	+14.1%
EMC	Sell	E M C CORP MASS COM	$875,000	+4.9%	34,220	-3.0%	0.21%	+13.4%
PVH	Buy	PVH CORP	$876,000	-4.6%	7,377	+0.4%	0.21%	+2.9%
VIAB	Sell	VIACOM INC CL B - NEW	$840,000	+21.4%	10,045	-1.3%	0.20%	+31.2%
FDX	Buy	FEDEX CORP COM	$819,000	+16.0%	7,180	+0.3%	0.20%	+25.5%
FISV	Buy	FISERV INCORPORATED	$810,000	+15.5%	8,015	+0.0%	0.20%	+25.0%
CAT	Sell	CATERPILLAR INC DEL COM	$808,000	-4.6%	9,680	-5.7%	0.19%	+2.6%
JPM	New	J P MORGAN CHASE & CO	$749,000	–	14,505	–	0.18%	–
SAP	Sell	SAP AG ADR	$727,000	+1.4%	9,833	-0.1%	0.18%	+9.4%
CVS	Sell	CVS/CAREMARK CORPORATION	$697,000	-1.1%	12,288	-0.3%	0.17%	+7.0%
SHOO	Sell	MADDEN STEVEN LTD COM	$693,000	+11.2%	12,870	-0.1%	0.17%	+20.1%
GILD	New	GILEAD SCIENCES INC COM	$692,000	–	11,010	–	0.17%	–
PX	Sell	PRAXAIR INC COM	$582,000	+2.8%	4,839	-1.5%	0.14%	+11.1%
BEAV	New	B/E AEROSPACE INC COM	$506,000	–	6,850	–	0.12%	–
PSX	Sell	PHILLIPS 66 COM	$409,000	-1.9%	7,072	-0.0%	0.10%	+5.4%
DE	Sell	DEERE & CO COM	$291,000	-97.3%	3,575	-97.3%	0.07%	-97.1%
AGN	Sell	ALLERGAN INC COM	$286,000	-69.6%	3,160	-71.7%	0.07%	-67.0%
RDSA	New	ROYAL DUTCH SHELL PLC SPONS AD	$202,000	–	3,075	–	0.05%	–
A309PS	Exit	DIRECTV GROUP INC COM	$0	–	-8,374	–	-0.12%	–
ORCL	Exit	ORACLE SYSTEMS	$0	–	-39,506	–	-0.27%	–

Q2 2013

			Value		Shares		↓ Weighting
TGT	New	TARGET CORP COM	$19,156,000	–	278,184	–	4.27%	–
JNJ	New	JOHNSON & JOHNSON	$18,476,000	–	215,177	–	4.12%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$17,557,000	–	91,869	–	3.91%	–
AMP	New	AMERIPRISE FINL INC COM	$16,904,000	–	208,992	–	3.77%	–
CVX	New	CHEVRON CORPORATION COM	$16,758,000	–	141,609	–	3.73%	–
SWK	New	STANLEY BLACK DECKER, INC.	$16,241,000	–	210,102	–	3.62%	–
QCOM	New	QUALCOMM INC COM	$16,029,000	–	262,372	–	3.57%	–
CMCSA	New	COMCAST CORP CL A	$15,774,000	–	377,823	–	3.52%	–
HON	New	HONEYWELL INC COM	$15,173,000	–	191,237	–	3.38%	–
CAH	New	CARDINAL HEALTH INC	$14,692,000	–	311,273	–	3.27%	–
LOW	New	LOWES COS INC COM	$14,678,000	–	358,869	–	3.27%	–
PG	New	PROCTER & GAMBLE COMPANY	$13,989,000	–	181,688	–	3.12%	–
OXY	New	OCCIDENTAL PETROLEUM CORP	$13,829,000	–	154,974	–	3.08%	–
MXIM	New	MAXIM INTEGRATED PRODS COM	$13,659,000	–	491,680	–	3.04%	–
MSFT	New	MICROSOFT CORPORATION	$13,568,000	–	392,776	–	3.02%	–
BLK	New	BLACKROCK INC COM	$13,331,000	–	51,905	–	2.97%	–
XOM	New	EXXON MOBIL CORP COM	$13,183,000	–	145,908	–	2.94%	–
UTX	New	UNITED TECHNOLOGIES CP COM	$13,039,000	–	140,304	–	2.90%	–
BAX	New	BAXTER INTL INC COM	$12,927,000	–	186,610	–	2.88%	–
PEP	New	PEPSICO INCORPORATED	$12,859,000	–	157,216	–	2.86%	–
T	New	AT&T INC.	$11,719,000	–	331,049	–	2.61%	–
TROW	New	T ROWE PRICE GROUP, INC.	$11,580,000	–	158,195	–	2.58%	–
MMM	New	3M CO.	$11,488,000	–	105,056	–	2.56%	–
VFC	New	V F CORP COM	$10,899,000	–	56,454	–	2.43%	–
DE	New	DEERE & CO COM	$10,826,000	–	133,240	–	2.41%	–
WEC	New	WISCONSIN ENERGY CORP COM	$8,514,000	–	207,696	–	1.90%	–
EV	New	EATON VANCE CORP COM NON VTG	$7,664,000	–	203,877	–	1.71%	–
TXN	New	TEXAS INSTRUMENTS INCORPORATED	$7,507,000	–	215,405	–	1.67%	–
RTN	New	RAYTHEON COMPANY	$7,221,000	–	109,213	–	1.61%	–
IVZ	New	INVESCO LTD SHS	$7,173,000	–	225,563	–	1.60%	–
SWY	New	SAFEWAY INC COM NEW	$7,007,000	–	296,133	–	1.56%	–
CL	New	COLGATE PALMOLIVE COMPANY	$3,005,000	–	52,450	–	0.67%	–
NKE	New	NIKE INCORPORATED CLASS B	$2,055,000	–	32,258	–	0.46%	–
USB	New	US BANCORP DEL COM	$1,948,000	–	53,903	–	0.43%	–
HD	New	HOME DEPOT INCORPORATED	$1,748,000	–	22,556	–	0.39%	–
ETN	New	EATON CORPORATION PLC	$1,716,000	–	26,073	–	0.38%	–
DIS	New	DISNEY, WALT COMPANY	$1,710,000	–	27,083	–	0.38%	–
MCK	New	MCKESSON CORPORATION	$1,398,000	–	12,206	–	0.31%	–
AAPL	New	APPLE COMPUTER INC COM	$1,234,000	–	3,112	–	0.28%	–
ORCL	New	ORACLE SYSTEMS	$1,213,000	–	39,506	–	0.27%	–
BA	New	BOEING COMPANY	$1,173,000	–	11,446	–	0.26%	–
GOOGL	New	GOOGLE INC CL A	$1,161,000	–	1,319	–	0.26%	–
CSCO	New	CISCO SYSTEMS INC	$1,152,000	–	47,324	–	0.26%	–
KORS	New	MICHAEL KORS HLDGS LTD SHS	$1,111,000	–	17,920	–	0.25%	–
MA	New	MASTERCARD INC.	$1,077,000	–	1,874	–	0.24%	–
AMG	New	AFFILIATED MNGRS GRP COM	$987,000	–	6,021	–	0.22%	–
AXP	New	AMERICAN EXPRESS COMPANY	$958,000	–	12,815	–	0.21%	–
SBUX	New	STARBUCKS CORP COM	$940,000	–	14,343	–	0.21%	–
AGN	New	ALLERGAN INC COM	$940,000	–	11,159	–	0.21%	–
PVH	New	PVH CORP	$918,000	–	7,344	–	0.20%	–
HAL	New	HALLIBURTON CO COM	$920,000	–	22,058	–	0.20%	–
UNH	New	UNITEDHEALTH GROUP	$861,000	–	13,150	–	0.19%	–
CAT	New	CATERPILLAR INC DEL COM	$847,000	–	10,269	–	0.19%	–
TJX	New	TJX COS INC NEW COM	$845,000	–	16,870	–	0.19%	–
EMC	New	E M C CORP MASS COM	$834,000	–	35,292	–	0.19%	–
SLB	New	SCHLUMBERGER LTD COM	$809,000	–	11,296	–	0.18%	–
GE	New	GENERAL ELECTRIC COMPANY	$770,000	–	33,223	–	0.17%	–
ADI	New	ANALOG DEVICES INC COM	$752,000	–	16,683	–	0.17%	–
SAP	New	SAP AG ADR	$717,000	–	9,840	–	0.16%	–
FDX	New	FEDEX CORP COM	$706,000	–	7,158	–	0.16%	–
CVS	New	CVS/CAREMARK CORPORATION	$705,000	–	12,326	–	0.16%	–
FISV	New	FISERV INCORPORATED	$701,000	–	8,014	–	0.16%	–
VIAB	New	VIACOM INC CL B - NEW	$692,000	–	10,175	–	0.15%	–
COP	New	CONOCOPHILLIPS COM	$667,000	–	11,021	–	0.15%	–
SHOO	New	MADDEN STEVEN LTD COM	$623,000	–	12,883	–	0.14%	–
JCI	New	JOHNSON CTLS INC COM	$612,000	–	17,100	–	0.14%	–
KO	New	COCA-COLA COMPANY	$578,000	–	14,400	–	0.13%	–
PX	New	PRAXAIR INC COM	$566,000	–	4,911	–	0.13%	–
BDX	New	BECTON DICKINSON & CO COM	$539,000	–	5,450	–	0.12%	–
GLD	New	ETF SPDR GOLD TRUST	$536,000	–	4,500	–	0.12%	–
A309PS	New	DIRECTV GROUP INC COM	$516,000	–	8,374	–	0.12%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL A	$506,000	–	3	–	0.11%	–
KMB	New	KIMBERLY CLARK CORPORATION	$437,000	–	4,500	–	0.10%	–
OKE	New	ONEOK INC NEW COM	$427,000	–	10,340	–	0.10%	–
PSX	New	PHILLIPS 66 COM	$417,000	–	7,075	–	0.09%	–
TRV	New	TRAVELERS COMPANIES, INC.	$407,000	–	5,097	–	0.09%	–
ABBV	New	ABBVIE INC. COM	$409,000	–	9,883	–	0.09%	–
ALL	New	ALLSTATE CORP COM	$357,000	–	7,416	–	0.08%	–
ABT	New	ABBOTT LABS INCORPORATED	$344,000	–	9,883	–	0.08%	–
ITW	New	ILLINOIS TOOL WKS INC COM	$318,000	–	4,595	–	0.07%	–
APD	New	AIR PRODUCTS & CHEMICALS INC	$280,000	–	3,055	–	0.06%	–
PPG	New	PPG INDUSTRIES INC COM	$220,000	–	1,500	–	0.05%	–

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