FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
VGT	Sell	VANGUARD INFORMATION TECHNOLOG	$79,458,000	-7.5%	191,510	-1.4%	9.25%	-1.1%
DD	Buy	DU PONT (E.I.) DE NEMOURS & CO	$78,121,000	+4.5%	1,047,338	+0.0%	9.10%	+11.7%
CTVA	Buy	CORTEVA INC	$66,986,000	-10.7%	1,309,352	+0.1%	7.80%	-4.4%
DOW	Buy	DOW CHEMICAL COMPANY (THE)	$63,534,000	-3.2%	1,232,231	+0.0%	7.40%	+3.5%
MSFT	Sell	MICROSOFT CORPORATION	$35,672,000	-8.6%	112,975	-1.5%	4.15%	-2.3%
AAPL	Sell	APPLE INC	$30,341,000	-12.0%	177,217	-0.3%	3.53%	-5.8%
PG	Sell	PROCTER & GAMBLE COMPANY	$18,623,000	-4.3%	127,681	-0.5%	2.17%	+2.3%
LOW	Sell	LOWES COS	$17,906,000	-9.5%	86,155	-1.7%	2.08%	-3.2%
GOOG	Sell	ALPHABET INC NON-VOTING CL C	$17,275,000	+8.8%	131,023	-0.2%	2.01%	+16.4%
JNJ	Sell	JOHNSON & JOHNSON	$16,843,000	-6.5%	108,140	-0.6%	1.96%	0.0%
PEP	Buy	PEPSICO INCORPORATED	$16,089,000	-7.9%	94,956	+0.7%	1.87%	-1.5%
MCD	Sell	MC DONALD'S CORPORATION	$14,664,000	-11.9%	55,662	-0.2%	1.71%	-5.7%
AMZN	Sell	AMAZON.COM INC	$13,969,000	-2.5%	109,891	-0.1%	1.63%	+4.3%
ITW	Buy	ILLINOIS TOOL WORKS INC.	$13,950,000	-7.5%	60,570	+0.5%	1.62%	-1.1%
V	Buy	VISA INC CLASS A	$13,918,000	-1.4%	60,511	+1.8%	1.62%	+5.5%
JPM	Sell	JPMORGAN CHASE & CO.	$13,765,000	-3.2%	94,916	-2.9%	1.60%	+3.6%
CHD	Sell	CHURCH & DWIGHT CO INC	$13,481,000	-8.7%	147,127	-0.2%	1.57%	-2.4%
UNH	Buy	UNITED HEALTHCARE CORP	$12,114,000	+6.2%	24,026	+1.3%	1.41%	+13.6%
MAR	Sell	MARRIOTT INTERNATIONAL, NEW IN	$11,873,000	+6.1%	60,406	-0.8%	1.38%	+13.5%
BDX	Sell	BECTON DICKINSON	$11,401,000	-2.6%	44,098	-0.5%	1.33%	+4.2%
XOM	Sell	EXXON MOBIL CORPORATION	$10,530,000	-13.8%	89,559	-21.4%	1.23%	-7.9%
IFF	Sell	INTERNATIONAL FLAVORS & FRAGRA	$10,290,000	-14.5%	150,945	-0.2%	1.20%	-8.6%
TROW	Buy	T ROWE PRICE GROUP INC.	$10,236,000	-5.5%	97,611	+0.9%	1.19%	+1.0%
CAT	Sell	CATERPILLAR INCORPORATED	$9,514,000	+9.1%	34,850	-1.7%	1.11%	+16.6%
ABT	Sell	ABBOTT LABORATORIES	$9,497,000	-11.2%	98,056	-0.1%	1.11%	-5.1%
CVX	Sell	CHEVRON CORP	$8,560,000	+6.8%	50,767	-0.3%	1.00%	+14.2%
IBB	Buy	ISHARES NASDAQ BIOTECH INDEX	$8,295,000	-2.7%	67,830	+1.0%	0.97%	+4.1%
MRK	Sell	MERCK & COMPANY INCORPORATED N	$8,215,000	-21.8%	79,799	-12.3%	0.96%	-16.3%
IWR	Sell	ISHARES RUSSELL MIDCAP INDEX	$7,604,000	-5.4%	109,807	-0.3%	0.88%	+1.1%
CSCO	Sell	CISCO SYSTEMS INC	$7,572,000	+2.2%	140,855	-1.6%	0.88%	+9.4%
ADBE	Sell	ADOBE SYSTEMS INCORPORATED	$7,492,000	+3.6%	14,694	-0.7%	0.87%	+10.8%
VO	Sell	VANGUARD MID CAP ETF	$7,240,000	-6.3%	34,766	-1.0%	0.84%	+0.2%
DIS	Buy	WALT DISNEY COMPANY	$6,741,000	-8.6%	83,177	+0.6%	0.78%	-2.2%
UNP	Sell	UNION PACIFIC CORP	$6,675,000	-1.0%	32,778	-0.5%	0.78%	+5.9%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$6,528,000	-24.8%	90,703	+2.3%	0.76%	-19.6%
NEE	Buy	NEXTERA ENERGY	$6,438,000	-21.7%	112,370	+1.5%	0.75%	-16.2%
WTRG	Buy	ESSENTIAL UTILITIES INC	$6,214,000	-11.3%	181,004	+3.1%	0.72%	-5.1%
HON	Buy	HONEYWELL INTERNATIONAL INC	$5,756,000	-10.2%	31,158	+0.9%	0.67%	-4.0%
FDX	Sell	FEDEX CORP	$5,664,000	+4.9%	21,379	-1.9%	0.66%	+12.2%
VB	Sell	VANGUARD SMALL CAP ETF	$5,312,000	-6.4%	28,093	-1.6%	0.62%	+0.2%
VTI	Buy	VANGUARD TOTAL STOCK MARKET	$5,283,000	-3.0%	24,870	+0.6%	0.62%	+3.7%
IWM	Sell	ISHARES RUSSELL 2000 IDX	$5,075,000	-6.3%	28,713	-0.8%	0.59%	+0.2%
INTC	Sell	INTEL CORP COM	$4,426,000	+3.7%	124,495	-2.5%	0.52%	+10.8%
AXP	Buy	AMERICAN EXPRESS INC	$4,053,000	-14.2%	27,169	+0.2%	0.47%	-8.2%
WFC	Sell	WELLS FARGO & CO. NEW	$3,782,000	-9.1%	92,563	-5.1%	0.44%	-2.9%
NVDA	Buy	NVIDIA CORP	$3,331,000	+2.8%	7,658	+0.0%	0.39%	+9.9%
LLY	Sell	ELI LILLY & CO	$2,829,000	+13.5%	5,266	-0.9%	0.33%	+21.4%
SO	Sell	SOUTHERN COMPANY (THE)	$2,790,000	-10.4%	43,106	-2.8%	0.32%	-4.1%
ABBV	Sell	ABBVIE INC	$2,720,000	+6.3%	18,251	-3.9%	0.32%	+13.6%
ATO	Sell	ATMOS ENERGY CORP	$2,567,000	-9.2%	24,237	-0.3%	0.30%	-2.9%
KO	Sell	COCA-COLA COMPANY	$2,313,000	-11.2%	41,317	-4.4%	0.27%	-5.3%
VZ	Sell	VERIZON COMMUNICATIONS	$2,309,000	-17.0%	71,229	-4.8%	0.27%	-11.2%
KMB	Sell	KIMBERLY-CLARK CORP	$2,287,000	-12.7%	18,928	-0.3%	0.27%	-6.7%
K	Sell	KELLANOVA	$2,181,000	-13.5%	36,641	-2.0%	0.25%	-7.3%
D	Sell	DOMINION RESOURCES INC OF VA	$2,151,000	-17.2%	48,158	-4.0%	0.25%	-11.7%
IBM	Sell	INTERNATIONAL BUSINESS MACHINE	$2,024,000	+4.7%	14,423	-0.2%	0.24%	+11.8%
HD	Sell	HOME DEPOT	$1,856,000	-6.4%	6,144	-3.7%	0.22%	0.0%
WMT	Sell	WAL-MART STORES INC	$1,755,000	+1.6%	10,974	-0.1%	0.20%	+8.5%
VNQ	Sell	VANGUARD REIT ETF	$1,616,000	-9.5%	21,357	-0.0%	0.19%	-3.1%
MMM	Sell	3M CO.	$1,447,000	-7.8%	15,461	-1.4%	0.17%	-1.8%
BRKB	Sell	BERKSHIRE HATHAWAY INC DEL CLA	$1,406,000	+2.5%	4,013	-0.2%	0.16%	+10.1%
EMR	Buy	EMERSON ELECTRIC CO.	$1,372,000	+6.9%	14,204	+0.0%	0.16%	+14.3%
	Sell	GENERAL ELECTRIC COMPANY	$1,324,000	-7.0%	11,977	-7.5%	0.15%	-0.6%
LH	Sell	LABORATORY CORP OF AMERICA	$1,318,000	-17.0%	6,556	-0.4%	0.15%	-11.6%
BAC	Sell	BANK OF AMERICA	$1,302,000	-7.3%	47,560	-2.8%	0.15%	-0.7%
TSLA	Buy	TESLA MOTORS INC	$1,224,000	-3.9%	4,892	+0.5%	0.14%	+2.9%
DUK	Sell	DUKE ENERGY CORP	$1,191,000	-4.8%	13,496	-3.2%	0.14%	+2.2%
KIM	Buy	KIMCO REALTY CORP REIT	$1,175,000	-9.4%	66,782	+1.6%	0.14%	-2.8%
SYY	Buy	SYSCO CORPORATION	$1,097,000	-11.0%	16,604	+0.0%	0.13%	-4.5%
PFE	Sell	PFIZER INCORPORATED	$1,092,000	-13.4%	32,925	-4.2%	0.13%	-7.3%
DHR	Sell	DANAHER CORP	$1,003,000	+2.5%	4,041	-1.0%	0.12%	+9.3%
BMY	Sell	BRISTOL-MYERS SQUIBB COMPANY	$984,000	-11.9%	16,946	-3.0%	0.12%	-5.7%
VOO	Buy	VANGUARD S&P ETF	$980,000	-1.8%	2,495	+1.8%	0.11%	+4.6%
GIS	Sell	GENERAL MILLS INC	$955,000	-18.2%	14,926	-1.9%	0.11%	-12.6%
VEA	Sell	VANGUARD FTSE DEVELOPED MARKET	$928,000	-8.3%	21,221	-3.1%	0.11%	-1.8%
ORCL	Sell	ORACLE CORP	$819,000	-12.0%	7,729	-1.2%	0.10%	-5.9%
ENB	Sell	ENBRIDGE INC.	$795,000	-12.1%	23,867	-1.9%	0.09%	-5.1%
LMT	Sell	LOCKHEED MARTIN	$789,000	-11.8%	1,929	-0.8%	0.09%	-5.2%
CVS	Buy	CVS CAREMARK CORPORATION	$776,000	+1.0%	11,107	+0.0%	0.09%	+7.1%
	Sell	FEDERAL REALTY INV TR S B I	$739,000	-7.9%	8,155	-1.6%	0.09%	-1.1%
MS	Sell	MORGAN STANLEY & CO	$720,000	-6.9%	8,820	-2.6%	0.08%	0.0%
COP	Sell	CONOCOPHILLIPS	$714,000	+13.2%	5,957	-2.1%	0.08%	+20.3%
UDR	Sell	UDR INC	$687,000	-17.4%	19,272	-0.5%	0.08%	-12.1%
GLW	Sell	CORNING INC.	$673,000	-18.6%	22,100	-6.4%	0.08%	-13.3%
PNC	Sell	PNC FINANCIAL SERVICES GROUP	$658,000	-3.2%	5,359	-0.8%	0.08%	+4.1%
TRV	Sell	THE TRAVELERS COS INC	$643,000	-8.7%	3,939	-2.8%	0.08%	-2.6%
XRAY	Sell	DENTSPLY SIRONA INC	$581,000	-20.6%	17,006	-7.0%	0.07%	-15.0%
CARR	Sell	CARRIER GLOBAL	$588,000	+7.5%	10,644	-3.3%	0.07%	+13.3%
OTIS	Sell	OTIS WORLDWIDE INC	$561,000	-14.0%	6,989	-4.5%	0.06%	-8.5%
ALL	Sell	ALLSTATE CORPORATION	$547,000	+0.4%	4,908	-1.7%	0.06%	+8.5%
TGT	Sell	TARGET CORP	$542,000	-23.1%	4,900	-8.3%	0.06%	-18.2%
MDLZ	Buy	MONDELEZ INTL INC	$545,000	-4.7%	7,851	+0.0%	0.06%	+1.6%
TMO	Sell	THERMO FISHER SCIENTIFIC	$512,000	-4.8%	1,011	-1.9%	0.06%	+1.7%
VWO	Sell	VANGUARD EMERGING MARKETS ETF	$504,000	-8.7%	12,857	-5.2%	0.06%	-1.7%
MDT	Sell	MEDTRONIC INC	$485,000	-12.3%	6,185	-1.4%	0.06%	-6.7%
T	Sell	AT&T CORP NEW	$452,000	-22.9%	30,118	-18.1%	0.05%	-17.2%
FB	Sell	META PLATFORMS INC	$420,000	+1.0%	1,400	-3.4%	0.05%	+8.9%
BA	Sell	BOEING	$411,000	-79.7%	2,145	-77.7%	0.05%	-78.3%
WRE	Sell	ELME COMMUNITIES	$406,000	-35.2%	29,795	-21.8%	0.05%	-30.9%
BLL	Buy	BALL CORP	$385,000	+0.5%	7,730	+17.4%	0.04%	+7.1%
CL	Sell	COLGATE-PALMOLIVE COMPANY	$386,000	-9.4%	5,434	-1.8%	0.04%	-2.2%
NKE	Buy	NIKE INC CLASS B	$368,000	+4.0%	3,847	+20.0%	0.04%	+10.3%
NOC	Sell	NORTHROP GRUMMAN CORP	$352,000	-6.4%	800	-3.0%	0.04%	0.0%
MAN	Sell	MANPOWER INC WISCONSIN	$346,000	-8.9%	4,724	-1.2%	0.04%	-2.4%
DOV	Sell	DOVER CORPORATION	$336,000	-10.2%	2,411	-4.9%	0.04%	-4.9%
CMCSA	Sell	COMCAST CORP NEW CL A	$327,000	+5.8%	7,378	-0.7%	0.04%	+11.8%
MSI	Sell	MOTOROLA SOLUTIONS, INC	$323,000	-78.0%	1,187	-76.3%	0.04%	-76.2%
SMMF	Sell	SUMMIT FINANCIAL GROUP	$265,000	-1.9%	11,750	-10.1%	0.03%	+6.9%
NYT	New	NEW YORK TIMES CL A	$260,000	–	6,310	–	0.03%	–
DFS	Sell	DISCOVER FINANCIAL SERVICES	$256,000	-32.1%	2,952	-8.5%	0.03%	-26.8%
WM	Sell	WASTE MANAGEMENT INC.	$248,000	-14.2%	1,629	-2.2%	0.03%	-6.5%
AFL	Sell	AFLAC INCORPORATED	$246,000	+3.8%	3,200	-5.9%	0.03%	+11.5%
WBA	Sell	WALGREENS BOOTS ALLIANCE, INC.	$240,000	-27.3%	10,805	-6.9%	0.03%	-22.2%
DTE	Sell	DTE ENERGY	$212,000	-35.0%	2,135	-27.9%	0.02%	-28.6%
CRM	Buy	SALESFORCE.COM INC	$209,000	+3.0%	1,032	+7.3%	0.02%	+9.1%
EFA	Sell	ISHARES MSCI EAFE INDEX	$210,000	-12.5%	3,040	-8.3%	0.02%	-7.7%
GHC	New	GRAHAM HOLDINGS CO.	$202,000	–	346	–	0.02%	–
WY	Sell	WEYERHAEUSER CO	$206,000	-12.7%	6,729	-4.4%	0.02%	-7.7%
BP	New	BP PLC SPONS ADR	$200,000	–	5,176	–	0.02%	–
	Sell	GE HEALTHCARE TECHNOLOGIES	$201,000	-27.4%	2,953	-13.2%	0.02%	-23.3%
FNB	Exit	FNB CORP	$0	–	-12,110	–	-0.02%	–
CABO	Exit	CABLE ONE INC	$0	–	-313	–	-0.02%	–
MO	Exit	ALTRIA GROUP	$0	–	-4,719	–	-0.02%	–
VAC	Exit	MARRIOTT VACATIONS WORLDWIDE C	$0	–	-1,775	–	-0.02%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC.	$0	–	-1,665	–	-0.03%	–
HPQ	Exit	HP INC	$0	–	-7,819	–	-0.03%	–

Q2 2023

			Value		Shares		↓ Weighting
VGT	New	VANGUARD INFORMATION TECHNOLOG	$85,914,000	–	194,305	–	9.35%	–
CTVA	New	CORTEVA INC	$74,971,000	–	1,308,389	–	8.16%	–
DD	New	DU PONT (E.I.) DE NEMOURS & CO	$74,791,000	–	1,046,906	–	8.14%	–
DOW	New	DOW CHEMICAL COMPANY (THE)	$65,628,000	–	1,232,222	–	7.14%	–
MSFT	New	MICROSOFT CORPORATION	$39,040,000	–	114,641	–	4.25%	–
AAPL	New	APPLE INC	$34,462,000	–	177,666	–	3.75%	–
CC	New	CHEMOURS CO	$26,618,000	–	721,562	–	2.90%	–
LOW	New	LOWES COS	$19,781,000	–	87,643	–	2.15%	–
PG	New	PROCTER & GAMBLE COMPANY	$19,469,000	–	128,302	–	2.12%	–
JNJ	New	JOHNSON & JOHNSON	$18,011,000	–	108,816	–	1.96%	–
PEP	New	PEPSICO INCORPORATED	$17,471,000	–	94,325	–	1.90%	–
MCD	New	MC DONALD'S CORPORATION	$16,647,000	–	55,784	–	1.81%	–
GOOG	New	ALPHABET INC NON-VOTING CL C	$15,880,000	–	131,269	–	1.73%	–
ITW	New	ILLINOIS TOOL WORKS INC.	$15,081,000	–	60,286	–	1.64%	–
CHD	New	CHURCH & DWIGHT CO INC	$14,771,000	–	147,368	–	1.61%	–
AMZN	New	AMAZON.COM INC	$14,333,000	–	109,947	–	1.56%	–
JPM	New	JPMORGAN CHASE & CO.	$14,216,000	–	97,745	–	1.55%	–
V	New	VISA INC CLASS A	$14,109,000	–	59,412	–	1.54%	–
XOM	New	EXXON MOBIL CORPORATION	$12,222,000	–	113,957	–	1.33%	–
IFF	New	INTERNATIONAL FLAVORS & FRAGRA	$12,037,000	–	151,233	–	1.31%	–
BDX	New	BECTON DICKINSON	$11,704,000	–	44,333	–	1.27%	–
UNH	New	UNITED HEALTHCARE CORP	$11,405,000	–	23,729	–	1.24%	–
MAR	New	MARRIOTT INTERNATIONAL, NEW IN	$11,189,000	–	60,915	–	1.22%	–
TROW	New	T ROWE PRICE GROUP INC.	$10,835,000	–	96,725	–	1.18%	–
ABT	New	ABBOTT LABORATORIES	$10,696,000	–	98,110	–	1.16%	–
MRK	New	MERCK & COMPANY INCORPORATED N	$10,504,000	–	91,027	–	1.14%	–
CAT	New	CATERPILLAR INCORPORATED	$8,724,000	–	35,456	–	0.95%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$8,683,000	–	88,638	–	0.94%	–
IBB	New	ISHARES NASDAQ BIOTECH INDEX	$8,528,000	–	67,167	–	0.93%	–
NEE	New	NEXTERA ENERGY	$8,218,000	–	110,759	–	0.90%	–
IWR	New	ISHARES RUSSELL MIDCAP INDEX	$8,040,000	–	110,093	–	0.88%	–
CVX	New	CHEVRON CORP	$8,016,000	–	50,942	–	0.87%	–
VO	New	VANGUARD MID CAP ETF	$7,729,000	–	35,108	–	0.84%	–
CSCO	New	CISCO SYSTEMS INC	$7,407,000	–	143,165	–	0.81%	–
DIS	New	WALT DISNEY COMPANY	$7,379,000	–	82,654	–	0.80%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$7,233,000	–	14,792	–	0.79%	–
WTRG	New	ESSENTIAL UTILITIES INC	$7,009,000	–	175,629	–	0.76%	–
UNP	New	UNION PACIFIC CORP	$6,741,000	–	32,944	–	0.73%	–
HON	New	HONEYWELL INTERNATIONAL INC	$6,407,000	–	30,876	–	0.70%	–
VB	New	VANGUARD SMALL CAP ETF	$5,677,000	–	28,542	–	0.62%	–
VTI	New	VANGUARD TOTAL STOCK MARKET	$5,448,000	–	24,730	–	0.59%	–
IWM	New	ISHARES RUSSELL 2000 IDX	$5,419,000	–	28,937	–	0.59%	–
FDX	New	FEDEX CORP	$5,402,000	–	21,792	–	0.59%	–
AXP	New	AMERICAN EXPRESS INC	$4,723,000	–	27,115	–	0.51%	–
INTC	New	INTEL CORP COM	$4,269,000	–	127,658	–	0.46%	–
WFC	New	WELLS FARGO & CO. NEW	$4,162,000	–	97,516	–	0.45%	–
BRKA	New	BERKSHIRE HATHAWAY INC DEL CLA	$4,142,000	–	8	–	0.45%	–
NVDA	New	NVIDIA CORP	$3,239,000	–	7,657	–	0.35%	–
SO	New	SOUTHERN COMPANY (THE)	$3,115,000	–	44,343	–	0.34%	–
HSY	New	HERSHEY COMPANY	$3,016,000	–	12,077	–	0.33%	–
ATO	New	ATMOS ENERGY CORP	$2,827,000	–	24,302	–	0.31%	–
VZ	New	VERIZON COMMUNICATIONS	$2,781,000	–	74,783	–	0.30%	–
KMB	New	KIMBERLY-CLARK CORP	$2,620,000	–	18,978	–	0.28%	–
KO	New	COCA-COLA COMPANY	$2,604,000	–	43,234	–	0.28%	–
D	New	DOMINION RESOURCES INC OF VA	$2,597,000	–	50,144	–	0.28%	–
ABBV	New	ABBVIE INC	$2,558,000	–	18,988	–	0.28%	–
K	New	KELLOGG COMPANY	$2,521,000	–	37,406	–	0.27%	–
LLY	New	ELI LILLY & CO	$2,493,000	–	5,316	–	0.27%	–
QQQ	New	POWERSHARES QQQ TR ETF SERIES	$2,341,000	–	6,337	–	0.26%	–
BA	New	BOEING	$2,027,000	–	9,598	–	0.22%	–
HD	New	HOME DEPOT	$1,982,000	–	6,380	–	0.22%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$1,934,000	–	14,453	–	0.21%	–
VNQ	New	VANGUARD REIT ETF	$1,785,000	–	21,361	–	0.19%	–
WMT	New	WAL-MART STORES INC	$1,727,000	–	10,985	–	0.19%	–
INTU	New	INTUIT INC	$1,714,000	–	3,740	–	0.19%	–
MTB	New	M & T BANK CORP	$1,677,000	–	13,550	–	0.18%	–
LH	New	LABORATORY CORP OF AMERICA	$1,588,000	–	6,582	–	0.17%	–
MMM	New	3M CO.	$1,569,000	–	15,674	–	0.17%	–
MSI	New	MOTOROLA SOLUTIONS, INC	$1,468,000	–	5,004	–	0.16%	–
GOOGL	New	ALPHABET INC VOTING CL A	$1,447,000	–	12,085	–	0.16%	–
	New	GENERAL ELECTRIC COMPANY	$1,423,000	–	12,953	–	0.16%	–
BAC	New	BANK OF AMERICA	$1,405,000	–	48,954	–	0.15%	–
TXN	New	TEXAS INSTRUMENTS	$1,397,000	–	7,758	–	0.15%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CLA	$1,372,000	–	4,023	–	0.15%	–
KIM	New	KIMCO REALTY CORP REIT	$1,297,000	–	65,761	–	0.14%	–
EMR	New	EMERSON ELECTRIC CO.	$1,284,000	–	14,203	–	0.14%	–
TSLA	New	TESLA MOTORS INC	$1,274,000	–	4,867	–	0.14%	–
PFE	New	PFIZER INCORPORATED	$1,261,000	–	34,376	–	0.14%	–
DUK	New	DUKE ENERGY CORP	$1,251,000	–	13,935	–	0.14%	–
SYY	New	SYSCO CORPORATION	$1,232,000	–	16,603	–	0.13%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$1,226,000	–	16,228	–	0.13%	–
GIS	New	GENERAL MILLS INC	$1,167,000	–	15,220	–	0.13%	–
AMGN	New	AMGEN INC	$1,125,000	–	5,069	–	0.12%	–
BMY	New	BRISTOL-MYERS SQUIBB COMPANY	$1,117,000	–	17,472	–	0.12%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKET	$1,012,000	–	21,906	–	0.11%	–
VOO	New	VANGUARD S&P ETF	$998,000	–	2,450	–	0.11%	–
DHR	New	DANAHER CORP	$979,000	–	4,080	–	0.11%	–
ORCL	New	ORACLE CORP	$931,000	–	7,820	–	0.10%	–
ENB	New	ENBRIDGE INC.	$904,000	–	24,324	–	0.10%	–
LMT	New	LOCKHEED MARTIN	$895,000	–	1,945	–	0.10%	–
CSX	New	C S X CORPORATION	$858,000	–	25,151	–	0.09%	–
UDR	New	UDR INC	$832,000	–	19,371	–	0.09%	–
GLW	New	CORNING INC.	$827,000	–	23,600	–	0.09%	–
	New	FEDERAL REALTY INV TR S B I	$802,000	–	8,289	–	0.09%	–
NTRS	New	NORTHERN TRUST CORP	$771,000	–	10,400	–	0.08%	–
CVS	New	CVS CAREMARK CORPORATION	$768,000	–	11,106	–	0.08%	–
MS	New	MORGAN STANLEY & CO	$773,000	–	9,051	–	0.08%	–
SJM	New	SMUCKER J.M. CO	$769,000	–	5,206	–	0.08%	–
XRAY	New	DENTSPLY SIRONA INC	$732,000	–	18,291	–	0.08%	–
TGT	New	TARGET CORP	$705,000	–	5,345	–	0.08%	–
TRV	New	THE TRAVELERS COS INC	$704,000	–	4,054	–	0.08%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$680,000	–	5,401	–	0.07%	–
OTIS	New	OTIS WORLDWIDE INC	$652,000	–	7,321	–	0.07%	–
COP	New	CONOCOPHILLIPS	$631,000	–	6,087	–	0.07%	–
WRE	New	ELME COMMUNITIES	$627,000	–	38,120	–	0.07%	–
BK	New	BANK OF NEW YORK MELLON CORP	$607,000	–	13,627	–	0.07%	–
T	New	AT&T CORP NEW	$586,000	–	36,759	–	0.06%	–
BEN	New	FRANKLIN RESOURCES INC	$590,000	–	22,095	–	0.06%	–
MDLZ	New	MONDELEZ INTL INC	$572,000	–	7,848	–	0.06%	–
VMC	New	VULCAN MATERIALS CO	$563,000	–	2,499	–	0.06%	–
DE	New	DEERE AND CO.	$556,000	–	1,373	–	0.06%	–
CARR	New	CARRIER GLOBAL	$547,000	–	11,008	–	0.06%	–
MDT	New	MEDTRONIC INC	$553,000	–	6,275	–	0.06%	–
VWO	New	VANGUARD EMERGING MARKETS ETF	$552,000	–	13,567	–	0.06%	–
TMO	New	THERMO FISHER SCIENTIFIC	$538,000	–	1,031	–	0.06%	–
ALL	New	ALLSTATE CORPORATION	$545,000	–	4,994	–	0.06%	–
TJX	New	THE TJX COMPANIES	$536,000	–	6,324	–	0.06%	–
	New	LINDE PLC	$488,000	–	1,280	–	0.05%	–
APD	New	AIR PRODUCTS & CHEMICALS	$484,000	–	1,615	–	0.05%	–
SPY	New	SPDR S&P 500 ETF	$443,000	–	1,000	–	0.05%	–
CL	New	COLGATE-PALMOLIVE COMPANY	$426,000	–	5,534	–	0.05%	–
FB	New	META PLATFORMS INC	$416,000	–	1,450	–	0.04%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$405,000	–	4,150	–	0.04%	–
BLL	New	BALL CORP	$383,000	–	6,585	–	0.04%	–
MAN	New	MANPOWER INC WISCONSIN	$380,000	–	4,782	–	0.04%	–
NOC	New	NORTHROP GRUMMAN CORP	$376,000	–	825	–	0.04%	–
DOV	New	DOVER CORPORATION	$374,000	–	2,535	–	0.04%	–
FISV	New	FISERV INC	$377,000	–	2,990	–	0.04%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$377,000	–	3,226	–	0.04%	–
NKE	New	NIKE INC CLASS B	$354,000	–	3,207	–	0.04%	–
NSC	New	NORFOLK SOUTHERN CORP	$359,000	–	1,584	–	0.04%	–
WBA	New	WALGREENS BOOTS ALLIANCE, INC.	$330,000	–	11,600	–	0.04%	–
DTE	New	DTE ENERGY	$326,000	–	2,960	–	0.04%	–
CMCSA	New	COMCAST CORP NEW CL A	$309,000	–	7,427	–	0.03%	–
AEP	New	AMERICAN ELECTRIC POWER	$304,000	–	3,611	–	0.03%	–
NSRGY	New	NESTLE SA REG ADR	$301,000	–	2,503	–	0.03%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GROU	$303,000	–	4,840	–	0.03%	–
COST	New	COSTCO CO INC	$297,000	–	552	–	0.03%	–
WM	New	WASTE MANAGEMENT INC.	$289,000	–	1,666	–	0.03%	–
TFC	New	TRUIST FINANCIAL CORP	$282,000	–	9,305	–	0.03%	–
YUM	New	YUM BRANDS INC	$286,000	–	2,066	–	0.03%	–
WCN	New	WASTE CONNECTIONS INC	$272,000	–	1,900	–	0.03%	–
WTM	New	WHITE MOUNTAINS INS.	$276,000	–	199	–	0.03%	–
	New	GE HEALTHCARE TECHNOLOGIES	$277,000	–	3,404	–	0.03%	–
SMMF	New	SUMMIT FINANCIAL GROUP	$270,000	–	13,069	–	0.03%	–
UPS	New	UNITED PARCEL SERVICE INC CL B	$264,000	–	1,471	–	0.03%	–
MTD	New	METTLER-TOLEDO INTL INC	$256,000	–	195	–	0.03%	–
FSLR	New	FIRST SOLAR INC	$246,000	–	1,293	–	0.03%	–
XLU	New	SELECT SECTOR SPDR TR UTILITIE	$245,000	–	3,750	–	0.03%	–
UL	New	UNILEVER PLC SPONS ADR	$250,000	–	4,800	–	0.03%	–
EFA	New	ISHARES MSCI EAFE INDEX	$240,000	–	3,315	–	0.03%	–
HPQ	New	HP INC	$240,000	–	7,819	–	0.03%	–
AFL	New	AFLAC INCORPORATED	$237,000	–	3,400	–	0.03%	–
WY	New	WEYERHAEUSER CO	$236,000	–	7,037	–	0.03%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC.	$242,000	–	1,665	–	0.03%	–
BFS	New	SAUL CENTERS INC.	$236,000	–	6,401	–	0.03%	–
PXD	New	PIONEER NAT RES CO	$228,000	–	1,100	–	0.02%	–
NFG	New	NATIONAL FUEL GAS CO	$219,000	–	4,268	–	0.02%	–
VAC	New	MARRIOTT VACATIONS WORLDWIDE C	$218,000	–	1,775	–	0.02%	–
PSX	New	PHILLIPS 66	$222,000	–	2,325	–	0.02%	–
MO	New	ALTRIA GROUP	$214,000	–	4,719	–	0.02%	–
CRM	New	SALESFORCE.COM INC	$203,000	–	962	–	0.02%	–
CABO	New	CABLE ONE INC	$206,000	–	313	–	0.02%	–
VWDRY	New	VESTAS WIND SYS UK ADR	$170,000	–	19,355	–	0.02%	–
FNB	New	FNB CORP	$139,000	–	12,110	–	0.02%	–
GSAT	New	GLOBALSTAR INC	$16,000	–	15,000	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
GSAT	Exit	GLOBALSTAR INC	$0	–	-15,000	–	-0.00%	–
YUM	Exit	YUM BRANDS INC	$0	–	-1,919	–	-0.03%	–
CTAS	Exit	CINTAS CORP	$0	–	-535	–	-0.03%	–
VAC	Exit	MARRIOTT VACATIONS WORLDWIDE C	$0	–	-1,775	–	-0.03%	–
UL	Exit	UNILEVER PLC SPONS ADR	$0	–	-4,800	–	-0.03%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-7,630	–	-0.03%	–
TSLA	Exit	TESLA MOTORS INC	$0	–	-819	–	-0.03%	–
AEP	Exit	AMERICAN ELECTRIC POWER	$0	–	-2,858	–	-0.03%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GROU	$0	–	-4,440	–	-0.03%	–
TJX	Exit	THE TJX COMPANIES	$0	–	-4,000	–	-0.03%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-1,900	–	-0.04%	–
WTM	Exit	WHITE MOUNTAINS INS.	$0	–	-199	–	-0.04%	–
CABO	Exit	CABLE ONE INC	$0	–	-313	–	-0.04%	–
NFG	Exit	NATIONAL FUEL GAS CO	$0	–	-4,268	–	-0.04%	–
BFS	Exit	SAUL CENTERS INC.	$0	–	-6,951	–	-0.04%	–
NSRGY	Exit	NESTLE SA REG ADR	$0	–	-2,518	–	-0.04%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-1,300	–	-0.04%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-3,111	–	-0.04%	–
FISV	Exit	FISERV INC	$0	–	-3,090	–	-0.04%	–
DOV	Exit	DOVER CORPORATION	$0	–	-2,535	–	-0.04%	–
XLU	Exit	SELECT SECTOR SPDR TR UTILITIE	$0	–	-4,500	–	-0.04%	–
MAN	Exit	MANPOWER INC WISCONSIN	$0	–	-4,724	–	-0.04%	–
APD	Exit	AIR PRODUCTS & CHEMICALS	$0	–	-1,368	–	-0.04%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-1,531	–	-0.04%	–
DTE	Exit	DTE ENERGY	$0	–	-3,004	–	-0.05%	–
TFC	Exit	TRUIST FINANCIAL CORP	$0	–	-8,071	–	-0.05%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-6,557	–	-0.05%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-4,310	–	-0.05%	–
LIN	Exit	LINDE PLC	$0	–	-1,330	–	-0.05%	–
DE	Exit	DEERE AND CO.	$0	–	-1,150	–	-0.05%	–
CL	Exit	COLGATE-PALMOLIVE COMPANY	$0	–	-5,552	–	-0.05%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-2,498	–	-0.05%	–
SPY	Exit	SPDR S&P 500 ETF	$0	–	-1,128	–	-0.06%	–
CARR	Exit	CARRIER GLOBAL	$0	–	-11,960	–	-0.06%	–
BEN	Exit	FRANKLIN RESOURCES INC	$0	–	-21,720	–	-0.06%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-995	–	-0.06%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE, INC.	$0	–	-15,085	–	-0.06%	–
MDT	Exit	MEDTRONIC INC	$0	–	-6,062	–	-0.07%	–
OTIS	Exit	OTIS WORLDWIDE INC	$0	–	-7,781	–	-0.07%	–
ORCL	Exit	ORACLE CORP	$0	–	-8,429	–	-0.07%	–
T	Exit	AT&T CORP NEW	$0	–	-33,727	–	-0.07%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-13,946	–	-0.07%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-5,433	–	-0.08%	–
VWO	Exit	VANGUARD EMERGING MARKETS ETF	$0	–	-15,267	–	-0.08%	–
TMO	Exit	THERMO FISHER SCIENTIFIC	$0	–	-1,126	–	-0.08%	–
TRV	Exit	THE TRAVELERS COS INC	$0	–	-3,939	–	-0.08%	–
GLW	Exit	CORNING INC.	$0	–	-22,600	–	-0.09%	–
ALL	Exit	ALLSTATE CORPORATION	$0	–	-5,237	–	-0.09%	–
CSX	Exit	C S X CORPORATION	$0	–	-25,151	–	-0.09%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-23,756	–	-0.09%	–
TGT	Exit	TARGET CORP	$0	–	-4,545	–	-0.09%	–
SJM	Exit	SMUCKER J.M. CO	$0	–	-5,006	–	-0.09%	–
MS	Exit	MORGAN STANLEY & CO	$0	–	-8,820	–	-0.10%	–
VOO	Exit	VANGUARD S&P ETF	$0	–	-2,450	–	-0.11%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-5,389	–	-0.11%	–
	Exit	FEDERAL REALTY INV TR S B I	$0	–	-9,079	–	-0.11%	–
UDR	Exit	UDR INC	$0	–	-19,571	–	-0.11%	–
LMT	Exit	LOCKHEED MARTIN	$0	–	-2,159	–	-0.11%	–
	Exit	GENERAL ELECTRIC COMPANY	$0	–	-13,688	–	-0.12%	–
NTRS	Exit	NORTHERN TRUST CORP	$0	–	-10,400	–	-0.12%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-9,312	–	-0.12%	–
ENB	Exit	ENBRIDGE INC.	$0	–	-24,130	–	-0.12%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKET	$0	–	-24,866	–	-0.12%	–
NVDA	Exit	NVIDIA CORP	$0	–	-7,657	–	-0.13%	–
DHR	Exit	DANAHER CORP	$0	–	-3,720	–	-0.13%	–
GOOGL	Exit	ALPHABET INC VOTING CL A	$0	–	-10,080	–	-0.13%	–
WRE	Exit	WASH REAL ESTATE INV TRUST S B	$0	–	-56,556	–	-0.14%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-13,117	–	-0.14%	–
EMR	Exit	EMERSON ELECTRIC CO.	$0	–	-14,075	–	-0.14%	–
BMY	Exit	BRISTOL-MYERS SQUIBB COMPANY	$0	–	-15,093	–	-0.15%	–
KIM	Exit	KIMCO REALTY CORP REIT	$0	–	-59,535	–	-0.15%	–
AMGN	Exit	AMGEN INC	$0	–	-4,946	–	-0.15%	–
MSI	Exit	MOTOROLA SOLUTIONS, INC	$0	–	-5,004	–	-0.15%	–
BA	Exit	BOEING	$0	–	-9,398	–	-0.16%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CLA	$0	–	-4,385	–	-0.16%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-7,758	–	-0.16%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-9,411	–	-0.17%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-15,266	–	-0.17%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-17,482	–	-0.17%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-13,296	–	-0.17%	–
BAC	Exit	BANK OF AMERICA	$0	–	-43,588	–	-0.18%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-30,323	–	-0.18%	–
INTU	Exit	INTUIT INC	$0	–	-3,600	–	-0.19%	–
LH	Exit	LABORATORY CORP OF AMERICA	$0	–	-7,162	–	-0.20%	–
LLY	Exit	ELI LILLY & CO	$0	–	-4,822	–	-0.21%	–
HD	Exit	HOME DEPOT	$0	–	-5,873	–	-0.22%	–
QQQ	Exit	POWERSHARES QQQ TR ETF SERIES	$0	–	-6,286	–	-0.23%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-14,358	–	-0.23%	–
VNQ	Exit	VANGUARD REIT ETF	$0	–	-22,027	–	-0.24%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-18,736	–	-0.29%	–
MMM	Exit	3M CO.	$0	–	-19,172	–	-0.29%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-40,841	–	-0.31%	–
MTB	Exit	M & T BANK CORP	$0	–	-13,550	–	-0.32%	–
ABBV	Exit	ABBVIE INC	$0	–	-18,222	–	-0.33%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-24,882	–	-0.34%	–
K	Exit	KELLOGG COMPANY	$0	–	-37,504	–	-0.36%	–
HSY	Exit	HERSHEY COMPANY	$0	–	-12,287	–	-0.37%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-76,877	–	-0.40%	–
SO	Exit	SOUTHERN COMPANY (THE)	$0	–	-44,043	–	-0.41%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DEL CLA	$0	–	-8	–	-0.44%	–
INTC	Exit	INTEL CORP COM	$0	–	-131,181	–	-0.46%	–
D	Exit	DOMINION RESOURCES INC OF VA	$0	–	-50,749	–	-0.48%	–
AXP	Exit	AMERICAN EXPRESS INC	$0	–	-27,538	–	-0.51%	–
WFC	Exit	WELLS FARGO & CO. NEW	$0	–	-97,349	–	-0.53%	–
FDX	Exit	FEDEX CORP	$0	–	-27,734	–	-0.56%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-15,072	–	-0.56%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET	$0	–	-23,279	–	-0.57%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-27,652	–	-0.63%	–
IWM	Exit	ISHARES RUSSELL 2000 IDX	$0	–	-29,132	–	-0.65%	–
VB	Exit	VANGUARD SMALL CAP ETF	$0	–	-28,587	–	-0.66%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-143,045	–	-0.78%	–
CAT	Exit	CATERPILLAR INCORPORATED	$0	–	-36,333	–	-0.81%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-31,877	–	-0.84%	–
VO	Exit	VANGUARD MID CAP ETF	$0	–	-35,385	–	-0.90%	–
IWR	Exit	ISHARES RUSSELL MIDCAP INDEX	$0	–	-111,775	–	-0.95%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-84,985	–	-0.95%	–
WTRG	Exit	ESSENTIAL UTILITIES INC	$0	–	-172,248	–	-0.97%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-77,884	–	-1.00%	–
MRK	Exit	MERCK & COMPANY INCORPORATED N	$0	–	-86,338	–	-1.01%	–
CVX	Exit	CHEVRON CORP	$0	–	-51,855	–	-1.01%	–
IBB	Exit	ISHARES NASDAQ BIOTECH INDEX	$0	–	-66,956	–	-1.07%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-102,847	–	-1.10%	–
MAR	Exit	MARRIOTT INTERNATIONAL, NEW IN	$0	–	-62,935	–	-1.20%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-91,421	–	-1.20%	–
TROW	Exit	T ROWE PRICE GROUP INC.	$0	–	-93,585	–	-1.34%	–
V	Exit	VISA INC CLASS A	$0	–	-56,223	–	-1.36%	–
BDX	Exit	BECTON DICKINSON	$0	–	-44,873	–	-1.36%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-96,328	–	-1.37%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-115,802	–	-1.38%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-147,715	–	-1.44%	–
ITW	Exit	ILLINOIS TOOL WORKS INC.	$0	–	-59,385	–	-1.46%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-22,618	–	-1.56%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-104,480	–	-1.61%	–
GOOG	Exit	ALPHABET INC NON-VOTING CL C	$0	–	-130,520	–	-1.71%	–
IFF	Exit	INTERNATIONAL FLAVORS & FRAGRA	$0	–	-139,978	–	-1.73%	–
MCD	Exit	MC DONALD'S CORPORATION	$0	–	-56,128	–	-1.76%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-95,798	–	-2.13%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-128,255	–	-2.20%	–
LOW	Exit	LOWES COS	$0	–	-90,427	–	-2.31%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-107,461	–	-2.39%	–
CC	Exit	CHEMOURS CO	$0	–	-737,844	–	-2.48%	–
AAPL	Exit	APPLE INC	$0	–	-172,974	–	-3.25%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-115,227	–	-3.65%	–
DD	Exit	DU PONT (E.I.) DE NEMOURS & CO	$0	–	-1,027,489	–	-7.05%	–
DOW	Exit	DOW CHEMICAL COMPANY (THE)	$0	–	-1,217,375	–	-7.28%	–
VGT	Exit	VANGUARD INFORMATION TECHNOLOG	$0	–	-198,258	–	-8.30%	–
CTVA	Exit	CORTEVA INC	$0	–	-1,182,882	–	-9.20%	–

Q3 2022

			Value		Shares		↓ Weighting
CTVA	Buy	CORTEVA INC	$67,602,000	+22.4%	1,182,882	+15.9%	9.20%	+27.0%
VGT	Sell	VANGUARD INFORMATION TECHNOLOG	$60,938,000	-6.3%	198,258	-0.4%	8.30%	-2.7%
DOW	Buy	DOW CHEMICAL COMPANY (THE)	$53,479,000	-1.8%	1,217,375	+15.4%	7.28%	+2.0%
DD	Buy	DU PONT (E.I.) DE NEMOURS & CO	$51,785,000	+4.6%	1,027,489	+15.4%	7.05%	+8.6%
MSFT	Sell	MICROSOFT CORPORATION	$26,836,000	-9.3%	115,227	-0.0%	3.65%	-5.9%
AAPL	Buy	APPLE INC	$23,905,000	+1.3%	172,974	+0.2%	3.25%	+5.2%
CC	Buy	CHEMOURS CO	$18,188,000	-13.4%	737,844	+12.5%	2.48%	-10.1%
JNJ	Buy	JOHNSON & JOHNSON	$17,555,000	-7.2%	107,461	+0.9%	2.39%	-3.6%
LOW	Sell	LOWES COS	$16,983,000	+6.8%	90,427	-0.7%	2.31%	+10.8%
PG	Sell	PROCTER & GAMBLE COMPANY	$16,192,000	-12.2%	128,255	-0.0%	2.20%	-8.9%
PEP	Sell	PEPSICO INCORPORATED	$15,640,000	-2.3%	95,798	-0.3%	2.13%	+1.4%
MCD	Sell	MC DONALD'S CORPORATION	$12,951,000	-6.7%	56,128	-0.2%	1.76%	-3.2%
IFF	Buy	INTERNATIONAL FLAVORS & FRAGRA	$12,714,000	-12.2%	139,978	+15.1%	1.73%	-8.9%
GOOG	Buy	ALPHABET INC NON-VOTING CL C	$12,549,000	-11.9%	130,520	+1905.2%	1.71%	-8.5%
AMZN	Buy	AMAZON.COM INC	$11,806,000	+7.2%	104,480	+0.8%	1.61%	+11.3%
UNH	Sell	UNITED HEALTHCARE CORP	$11,423,000	-2.4%	22,618	-0.8%	1.56%	+1.3%
ITW	Sell	ILLINOIS TOOL WORKS INC.	$10,728,000	-1.0%	59,385	-0.1%	1.46%	+2.7%
CHD	Sell	CHURCH & DWIGHT CO INC	$10,553,000	-22.9%	147,715	-0.1%	1.44%	-20.0%
XOM	Sell	EXXON MOBIL CORPORATION	$10,111,000	+1.0%	115,802	-0.9%	1.38%	+4.8%
JPM	Buy	JPMORGAN CHASE & CO.	$10,066,000	-6.3%	96,328	+1.0%	1.37%	-2.8%
BDX	Sell	BECTON DICKINSON	$9,999,000	-11.0%	44,873	-1.5%	1.36%	-7.7%
V	Sell	VISA INC CLASS A	$9,988,000	-10.1%	56,223	-0.4%	1.36%	-6.7%
TROW	Buy	T ROWE PRICE GROUP INC.	$9,827,000	-7.1%	93,585	+0.5%	1.34%	-3.5%
ABT	Buy	ABBOTT LABORATORIES	$8,846,000	-10.0%	91,421	+1.1%	1.20%	-6.6%
MAR	Buy	MARRIOTT INTERNATIONAL, NEW IN	$8,820,000	+3.3%	62,935	+0.2%	1.20%	+7.2%
NEE	Buy	NEXTERA ENERGY	$8,064,000	+1.9%	102,847	+0.7%	1.10%	+5.8%
IBB	Buy	ISHARES NASDAQ BIOTECH INDEX	$7,831,000	+0.2%	66,956	+0.8%	1.07%	+4.0%
CVX	Buy	CHEVRON CORP	$7,450,000	-0.2%	51,855	+0.6%	1.01%	+3.6%
MRK	Buy	MERCK & COMPANY INCORPORATED N	$7,435,000	-4.6%	86,338	+1.0%	1.01%	-1.1%
DIS	Buy	WALT DISNEY COMPANY	$7,347,000	+1.5%	77,884	+1.6%	1.00%	+5.4%
WTRG	Buy	ESSENTIAL UTILITIES INC	$7,128,000	-9.6%	172,248	+0.2%	0.97%	-6.2%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$6,957,000	-14.6%	84,985	+0.2%	0.95%	-11.4%
IWR	Sell	ISHARES RUSSELL MIDCAP INDEX	$6,947,000	-4.4%	111,775	-0.5%	0.95%	-0.7%
VO	Buy	VANGUARD MID CAP ETF	$6,652,000	-4.1%	35,385	+0.5%	0.90%	-0.4%
UNP	Sell	UNION PACIFIC CORP	$6,210,000	-8.8%	31,877	-0.1%	0.84%	-5.4%
CAT	Buy	CATERPILLAR INCORPORATED	$5,962,000	-8.1%	36,333	+0.1%	0.81%	-4.6%
CSCO	Sell	CISCO SYSTEMS INC	$5,722,000	-6.2%	143,045	-0.1%	0.78%	-2.6%
VB	Buy	VANGUARD SMALL CAP ETF	$4,886,000	-2.8%	28,587	+0.2%	0.66%	+0.9%
IWM	Sell	ISHARES RUSSELL 2000 IDX	$4,804,000	-3.0%	29,132	-0.3%	0.65%	+0.8%
HON	Buy	HONEYWELL INTERNATIONAL INC	$4,617,000	-0.1%	27,652	+4.0%	0.63%	+3.6%
VTI	Buy	VANGUARD TOTAL STOCK MARKET	$4,178,000	-4.3%	23,279	+0.6%	0.57%	-0.7%
ADBE	Buy	ADOBE SYSTEMS INCORPORATED	$4,148,000	-23.9%	15,072	+1.3%	0.56%	-21.0%
FDX	Sell	FEDEX CORP	$4,118,000	-35.1%	27,734	-1.0%	0.56%	-32.7%
WFC	Sell	WELLS FARGO & CO. NEW	$3,915,000	+1.7%	97,349	-1.0%	0.53%	+5.5%
AXP	Buy	AMERICAN EXPRESS INC	$3,715,000	-1.8%	27,538	+0.9%	0.51%	+2.0%
D	Buy	DOMINION RESOURCES INC OF VA	$3,507,000	-13.1%	50,749	+0.3%	0.48%	-9.8%
INTC	Buy	INTEL CORP COM	$3,381,000	-30.2%	131,181	+1.3%	0.46%	-27.7%
SO	Sell	SOUTHERN COMPANY (THE)	$2,995,000	-5.2%	44,043	-0.6%	0.41%	-1.4%
VZ	Sell	VERIZON COMMUNICATIONS	$2,919,000	-25.2%	76,877	-0.1%	0.40%	-22.5%
HSY	Sell	HERSHEY COMPANY	$2,709,000	+2.3%	12,287	-0.2%	0.37%	+6.3%
ATO	Buy	ATMOS ENERGY CORP	$2,534,000	-7.6%	24,882	+1.7%	0.34%	-4.2%
ABBV	Buy	ABBVIE INC	$2,446,000	-9.3%	18,222	+3.4%	0.33%	-5.9%
KO	Buy	COCA-COLA COMPANY	$2,288,000	-9.1%	40,841	+2.1%	0.31%	-5.8%
MMM	Sell	3M CO.	$2,118,000	-19.7%	19,172	-5.9%	0.29%	-16.8%
KMB	Buy	KIMBERLY-CLARK CORP	$2,109,000	-16.3%	18,736	+0.5%	0.29%	-13.0%
VNQ	Buy	VANGUARD REIT ETF	$1,766,000	-11.5%	22,027	+0.6%	0.24%	-8.4%
IBM	Buy	INTERNATIONAL BUSINESS MACHINE	$1,706,000	-15.3%	14,358	+0.6%	0.23%	-12.1%
HD	Buy	HOME DEPOT	$1,621,000	+1.2%	5,873	+0.6%	0.22%	+5.2%
LH	Buy	LABORATORY CORP OF AMERICA	$1,467,000	-11.1%	7,162	+1.7%	0.20%	-7.4%
PFE	Buy	PFIZER INCORPORATED	$1,327,000	-9.5%	30,323	+8.4%	0.18%	-5.7%
BAC	Buy	BANK OF AMERICA	$1,316,000	-1.6%	43,588	+1.4%	0.18%	+2.3%
DUK	Sell	DUKE ENERGY CORP	$1,237,000	-13.6%	13,296	-0.4%	0.17%	-10.6%
SYY	Buy	SYSCO CORPORATION	$1,236,000	-15.8%	17,482	+0.9%	0.17%	-13.0%
WMT	Buy	WAL-MART STORES INC	$1,221,000	+8.7%	9,411	+1.9%	0.17%	+12.9%
KIM	Sell	KIMCO REALTY CORP REIT	$1,096,000	-6.9%	59,535	-0.0%	0.15%	-3.2%
BMY	Buy	BRISTOL-MYERS SQUIBB COMPANY	$1,073,000	-2.4%	15,093	+5.7%	0.15%	+1.4%
EMR	Buy	EMERSON ELECTRIC CO.	$1,031,000	-6.8%	14,075	+1.3%	0.14%	-3.4%
GIS	Buy	GENERAL MILLS INC	$1,005,000	+7.6%	13,117	+6.0%	0.14%	+12.3%
WRE	Sell	WASH REAL ESTATE INV TRUST S B	$993,000	-18.1%	56,556	-0.6%	0.14%	-15.1%
GOOGL	Buy	ALPHABET INC VOTING CL A	$964,000	-12.2%	10,080	+1900.0%	0.13%	-9.0%
NVDA	Buy	NVIDIA CORP	$929,000	-14.0%	7,657	+7.5%	0.13%	-11.3%
ENB	Sell	ENBRIDGE INC.	$900,000	-11.5%	24,130	-0.0%	0.12%	-7.5%
VEA	Sell	VANGUARD FTSE DEVELOPED MARKET	$904,000	-15.8%	24,866	-5.5%	0.12%	-12.8%
CVS	Buy	CVS CAREMARK CORPORATION	$888,000	+5.2%	9,312	+2.2%	0.12%	+9.0%
	Sell	GENERAL ELECTRIC COMPANY	$847,000	-3.4%	13,688	-0.7%	0.12%	0.0%
UDR	Sell	UDR INC	$816,000	-9.9%	19,571	-0.5%	0.11%	-6.7%
PNC	Sell	PNC FINANCIAL SERVICES GROUP	$805,000	-5.7%	5,389	-0.4%	0.11%	-1.8%
XRAY	Sell	DENTSPLY SIRONA INC	$673,000	-23.3%	23,756	-3.3%	0.09%	-20.0%
TMO	Sell	THERMO FISHER SCIENTIFIC	$571,000	-9.4%	1,126	-2.8%	0.08%	-6.0%
COP	Buy	CONOCOPHILLIPS	$556,000	+28.1%	5,433	+12.4%	0.08%	+33.3%
VWO	Sell	VANGUARD EMERGING MARKETS ETF	$557,000	-15.2%	15,267	-3.3%	0.08%	-11.6%
BK	Sell	BANK OF NEW YORK MELLON CORP	$537,000	-9.6%	13,946	-2.1%	0.07%	-6.4%
T	Buy	AT&T CORP NEW	$517,000	-25.0%	33,727	+2.6%	0.07%	-22.2%
WBA	Buy	WALGREENS BOOTS ALLIANCE, INC.	$474,000	-13.5%	15,085	+4.4%	0.06%	-9.7%
NOC	Sell	NORTHROP GRUMMAN CORP	$468,000	-11.2%	995	-9.5%	0.06%	-7.2%
VMC	Sell	VULCAN MATERIALS CO	$394,000	+10.1%	2,498	-0.8%	0.05%	+14.9%
CL	Sell	COLGATE-PALMOLIVE COMPANY	$390,000	-13.9%	5,552	-1.8%	0.05%	-10.2%
DE	Sell	DEERE AND CO.	$384,000	+10.0%	1,150	-1.2%	0.05%	+13.0%
PM	Sell	PHILIP MORRIS INTERNATIONAL	$358,000	-17.7%	4,310	-2.3%	0.05%	-14.0%
MDLZ	Buy	MONDELEZ INTL INC	$360,000	-2.4%	6,557	+10.3%	0.05%	+2.1%
TFC	Buy	TRUIST FINANCIAL CORP	$351,000	-5.4%	8,071	+3.2%	0.05%	-2.0%
BFS	Buy	SAUL CENTERS INC.	$261,000	-17.7%	6,951	+3.3%	0.04%	-14.3%
TSLA	New	TESLA MOTORS INC	$217,000	–	819	–	0.03%	–
CMCSA	Sell	COMCAST CORP NEW CL A	$224,000	-26.6%	7,630	-1.8%	0.03%	-25.0%
UL	Sell	UNILEVER PLC SPONS ADR	$210,000	-8.3%	4,800	-4.0%	0.03%	-3.3%
CTAS	New	CINTAS CORP	$208,000	–	535	–	0.03%	–
QCOM	Exit	QUALCOMM INC	$0	–	-1,582	–	-0.03%	–
EFA	Exit	ISHARES MSCI EAFE INDEX	$0	–	-3,575	–	-0.03%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-6,729	–	-0.03%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-5,709	–	-0.03%	–
HPQ	Exit	HP INC	$0	–	-7,819	–	-0.03%	–

Q2 2022

			Value		Shares		↓ Weighting
VGT	New	VANGUARD INFORMATION TECHNOLOG	$65,018,000	–	199,105	–	8.53%	–
CTVA	New	CORTEVA INC	$55,245,000	–	1,020,415	–	7.25%	–
DOW	New	DOW CHEMICAL COMPANY (THE)	$54,437,000	–	1,054,780	–	7.14%	–
DD	New	DU PONT (E.I.) DE NEMOURS & CO	$49,499,000	–	890,598	–	6.49%	–
MSFT	New	MICROSOFT CORPORATION	$29,602,000	–	115,258	–	3.88%	–
AAPL	New	APPLE INC	$23,593,000	–	172,563	–	3.09%	–
CC	New	CHEMOURS CO	$21,006,000	–	656,023	–	2.76%	–
JNJ	New	JOHNSON & JOHNSON	$18,912,000	–	106,538	–	2.48%	–
PG	New	PROCTER & GAMBLE COMPANY	$18,444,000	–	128,267	–	2.42%	–
PEP	New	PEPSICO INCORPORATED	$16,010,000	–	96,064	–	2.10%	–
LOW	New	LOWES COS	$15,907,000	–	91,067	–	2.09%	–
IFF	New	INTERNATIONAL FLAVORS & FRAGRA	$14,487,000	–	121,613	–	1.90%	–
GOOG	New	ALPHABET INC NON-VOTING CL C	$14,238,000	–	6,509	–	1.87%	–
MCD	New	MC DONALD'S CORPORATION	$13,887,000	–	56,251	–	1.82%	–
CHD	New	CHURCH & DWIGHT CO INC	$13,696,000	–	147,805	–	1.80%	–
UNH	New	UNITED HEALTHCARE CORP	$11,706,000	–	22,791	–	1.54%	–
BDX	New	BECTON DICKINSON	$11,236,000	–	45,576	–	1.47%	–
V	New	VISA INC CLASS A	$11,109,000	–	56,423	–	1.46%	–
AMZN	New	AMAZON.COM INC	$11,008,000	–	103,640	–	1.44%	–
ITW	New	ILLINOIS TOOL WORKS INC.	$10,838,000	–	59,466	–	1.42%	–
JPM	New	JPMORGAN CHASE & CO.	$10,745,000	–	95,414	–	1.41%	–
TROW	New	T ROWE PRICE GROUP INC.	$10,578,000	–	93,105	–	1.39%	–
XOM	New	EXXON MOBIL CORPORATION	$10,009,000	–	116,872	–	1.31%	–
ABT	New	ABBOTT LABORATORIES	$9,826,000	–	90,434	–	1.29%	–
MAR	New	MARRIOTT INTERNATIONAL, NEW IN	$8,541,000	–	62,794	–	1.12%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$8,151,000	–	84,809	–	1.07%	–
NEE	New	NEXTERA ENERGY	$7,914,000	–	102,174	–	1.04%	–
WTRG	New	ESSENTIAL UTILITIES INC	$7,885,000	–	171,966	–	1.03%	–
IBB	New	ISHARES NASDAQ BIOTECH INDEX	$7,816,000	–	66,449	–	1.02%	–
MRK	New	MERCK & COMPANY INCORPORATED N	$7,797,000	–	85,516	–	1.02%	–
CVX	New	CHEVRON CORP	$7,465,000	–	51,560	–	0.98%	–
IWR	New	ISHARES RUSSELL MIDCAP INDEX	$7,265,000	–	112,360	–	0.95%	–
DIS	New	WALT DISNEY COMPANY	$7,236,000	–	76,657	–	0.95%	–
VO	New	VANGUARD MID CAP ETF	$6,934,000	–	35,205	–	0.91%	–
UNP	New	UNION PACIFIC CORP	$6,808,000	–	31,921	–	0.89%	–
CAT	New	CATERPILLAR INCORPORATED	$6,490,000	–	36,307	–	0.85%	–
FDX	New	FEDEX CORP	$6,350,000	–	28,010	–	0.83%	–
CSCO	New	CISCO SYSTEMS INC	$6,103,000	–	143,121	–	0.80%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$5,448,000	–	14,882	–	0.72%	–
VB	New	VANGUARD SMALL CAP ETF	$5,027,000	–	28,542	–	0.66%	–
IWM	New	ISHARES RUSSELL 2000 IDX	$4,951,000	–	29,234	–	0.65%	–
INTC	New	INTEL CORP COM	$4,847,000	–	129,554	–	0.64%	–
HON	New	HONEYWELL INTERNATIONAL INC	$4,620,000	–	26,581	–	0.61%	–
VTI	New	VANGUARD TOTAL STOCK MARKET	$4,367,000	–	23,150	–	0.57%	–
D	New	DOMINION RESOURCES INC OF VA	$4,037,000	–	50,584	–	0.53%	–
VZ	New	VERIZON COMMUNICATIONS	$3,905,000	–	76,948	–	0.51%	–
WFC	New	WELLS FARGO & CO. NEW	$3,850,000	–	98,288	–	0.50%	–
AXP	New	AMERICAN EXPRESS INC	$3,783,000	–	27,288	–	0.50%	–
BRKA	New	BERKSHIRE HATHAWAY INC DEL CLA	$3,272,000	–	8	–	0.43%	–
SO	New	SOUTHERN COMPANY (THE)	$3,159,000	–	44,305	–	0.41%	–
ATO	New	ATMOS ENERGY CORP	$2,742,000	–	24,462	–	0.36%	–
ABBV	New	ABBVIE INC	$2,698,000	–	17,616	–	0.35%	–
K	New	KELLOGG COMPANY	$2,676,000	–	37,504	–	0.35%	–
HSY	New	HERSHEY COMPANY	$2,649,000	–	12,312	–	0.35%	–
MMM	New	3M CO.	$2,636,000	–	20,371	–	0.35%	–
KMB	New	KIMBERLY-CLARK CORP	$2,519,000	–	18,636	–	0.33%	–
KO	New	COCA-COLA COMPANY	$2,517,000	–	40,009	–	0.33%	–
MTB	New	M & T BANK CORP	$2,160,000	–	13,550	–	0.28%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$2,014,000	–	14,267	–	0.26%	–
VNQ	New	VANGUARD REIT ETF	$1,995,000	–	21,902	–	0.26%	–
QQQ	New	POWERSHARES QQQ TR ETF SERIES	$1,762,000	–	6,286	–	0.23%	–
LH	New	LABORATORY CORP OF AMERICA	$1,650,000	–	7,042	–	0.22%	–
HD	New	HOME DEPOT	$1,601,000	–	5,837	–	0.21%	–
LLY	New	ELI LILLY & CO	$1,563,000	–	4,822	–	0.20%	–
SYY	New	SYSCO CORPORATION	$1,468,000	–	17,332	–	0.19%	–
PFE	New	PFIZER INCORPORATED	$1,466,000	–	27,963	–	0.19%	–
DUK	New	DUKE ENERGY CORP	$1,431,000	–	13,346	–	0.19%	–
INTU	New	INTUIT INC	$1,388,000	–	3,600	–	0.18%	–
BAC	New	BANK OF AMERICA	$1,338,000	–	42,981	–	0.18%	–
BA	New	BOEING	$1,285,000	–	9,398	–	0.17%	–
WRE	New	WASH REAL ESTATE INV TRUST S B	$1,213,000	–	56,906	–	0.16%	–
AMGN	New	AMGEN INC	$1,203,000	–	4,946	–	0.16%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CLA	$1,197,000	–	4,385	–	0.16%	–
TXN	New	TEXAS INSTRUMENTS	$1,192,000	–	7,758	–	0.16%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$1,185,000	–	15,266	–	0.16%	–
KIM	New	KIMCO REALTY CORP REIT	$1,177,000	–	59,538	–	0.15%	–
WMT	New	WAL-MART STORES INC	$1,123,000	–	9,235	–	0.15%	–
EMR	New	EMERSON ELECTRIC CO.	$1,106,000	–	13,901	–	0.14%	–
BMY	New	BRISTOL-MYERS SQUIBB COMPANY	$1,099,000	–	14,273	–	0.14%	–
GOOGL	New	ALPHABET INC VOTING CL A	$1,098,000	–	504	–	0.14%	–
NVDA	New	NVIDIA CORP	$1,080,000	–	7,126	–	0.14%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKET	$1,074,000	–	26,316	–	0.14%	–
MSI	New	MOTOROLA SOLUTIONS, INC	$1,049,000	–	5,004	–	0.14%	–
ENB	New	ENBRIDGE INC.	$1,017,000	–	24,135	–	0.13%	–
NTRS	New	NORTHERN TRUST CORP	$1,003,000	–	10,400	–	0.13%	–
DHR	New	DANAHER CORP	$943,000	–	3,720	–	0.12%	–
GIS	New	GENERAL MILLS INC	$934,000	–	12,374	–	0.12%	–
LMT	New	LOCKHEED MARTIN	$928,000	–	2,159	–	0.12%	–
UDR	New	UDR INC	$906,000	–	19,679	–	0.12%	–
XRAY	New	DENTSPLY SIRONA INC	$878,000	–	24,576	–	0.12%	–
	New	GENERAL ELECTRIC COMPANY	$877,000	–	13,779	–	0.12%	–
	New	FEDERAL REALTY INV TR S B I	$869,000	–	9,079	–	0.11%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$854,000	–	5,412	–	0.11%	–
VOO	New	VANGUARD S&P ETF	$850,000	–	2,450	–	0.11%	–
CVS	New	CVS CAREMARK CORPORATION	$844,000	–	9,111	–	0.11%	–
CSX	New	C S X CORPORATION	$731,000	–	25,151	–	0.10%	–
GLW	New	CORNING INC.	$712,000	–	22,600	–	0.09%	–
T	New	AT&T CORP NEW	$689,000	–	32,865	–	0.09%	–
MS	New	MORGAN STANLEY & CO	$671,000	–	8,820	–	0.09%	–
ALL	New	ALLSTATE CORPORATION	$664,000	–	5,237	–	0.09%	–
TRV	New	THE TRAVELERS COS INC	$666,000	–	3,939	–	0.09%	–
VWO	New	VANGUARD EMERGING MARKETS ETF	$657,000	–	15,785	–	0.09%	–
TGT	New	TARGET CORP	$642,000	–	4,545	–	0.08%	–
SJM	New	SMUCKER J.M. CO	$641,000	–	5,006	–	0.08%	–
TMO	New	THERMO FISHER SCIENTIFIC	$630,000	–	1,159	–	0.08%	–
BK	New	BANK OF NEW YORK MELLON CORP	$594,000	–	14,246	–	0.08%	–
ORCL	New	ORACLE CORP	$589,000	–	8,429	–	0.08%	–
WBA	New	WALGREENS BOOTS ALLIANCE, INC.	$548,000	–	14,450	–	0.07%	–
OTIS	New	OTIS WORLDWIDE INC	$550,000	–	7,781	–	0.07%	–
MDT	New	MEDTRONIC INC	$544,000	–	6,062	–	0.07%	–
NOC	New	NORTHROP GRUMMAN CORP	$527,000	–	1,100	–	0.07%	–
BEN	New	FRANKLIN RESOURCES INC	$506,000	–	21,720	–	0.07%	–
CL	New	COLGATE-PALMOLIVE COMPANY	$453,000	–	5,652	–	0.06%	–
COP	New	CONOCOPHILLIPS	$434,000	–	4,834	–	0.06%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$435,000	–	4,410	–	0.06%	–
SPY	New	SPDR S&P 500 ETF	$426,000	–	1,128	–	0.06%	–
CARR	New	CARRIER GLOBAL	$426,000	–	11,960	–	0.06%	–
CABO	New	CABLE ONE INC	$404,000	–	313	–	0.05%	–
LIN	New	LINDE PLC	$382,000	–	1,330	–	0.05%	–
DTE	New	DTE ENERGY	$381,000	–	3,004	–	0.05%	–
TFC	New	TRUIST FINANCIAL CORP	$371,000	–	7,821	–	0.05%	–
MDLZ	New	MONDELEZ INTL INC	$369,000	–	5,947	–	0.05%	–
MAN	New	MANPOWER INC WISCONSIN	$361,000	–	4,724	–	0.05%	–
VMC	New	VULCAN MATERIALS CO	$358,000	–	2,518	–	0.05%	–
NSC	New	NORFOLK SOUTHERN CORP	$348,000	–	1,531	–	0.05%	–
DE	New	DEERE AND CO.	$349,000	–	1,164	–	0.05%	–
APD	New	AIR PRODUCTS & CHEMICALS	$329,000	–	1,368	–	0.04%	–
BFS	New	SAUL CENTERS INC.	$317,000	–	6,728	–	0.04%	–
XLU	New	SELECT SECTOR SPDR TR UTILITIE	$316,000	–	4,500	–	0.04%	–
DOV	New	DOVER CORPORATION	$308,000	–	2,535	–	0.04%	–
CMCSA	New	COMCAST CORP NEW CL A	$305,000	–	7,771	–	0.04%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$294,000	–	3,111	–	0.04%	–
PXD	New	PIONEER NAT RES CO	$290,000	–	1,300	–	0.04%	–
NSRGY	New	NESTLE SA REG ADR	$293,000	–	2,518	–	0.04%	–
NFG	New	NATIONAL FUEL GAS CO	$282,000	–	4,268	–	0.04%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GROU	$281,000	–	4,440	–	0.04%	–
FISV	New	FISERV INC	$275,000	–	3,090	–	0.04%	–
AEP	New	AMERICAN ELECTRIC POWER	$274,000	–	2,858	–	0.04%	–
HPQ	New	HP INC	$256,000	–	7,819	–	0.03%	–
WTM	New	WHITE MOUNTAINS INS.	$248,000	–	199	–	0.03%	–
IP	New	INTERNATIONAL PAPER CO	$239,000	–	5,709	–	0.03%	–
WCN	New	WASTE CONNECTIONS INC	$235,000	–	1,900	–	0.03%	–
UL	New	UNILEVER PLC SPONS ADR	$229,000	–	5,000	–	0.03%	–
TJX	New	THE TJX COMPANIES	$223,000	–	4,000	–	0.03%	–
WY	New	WEYERHAEUSER CO	$223,000	–	6,729	–	0.03%	–
YUM	New	YUM BRANDS INC	$218,000	–	1,919	–	0.03%	–
EFA	New	ISHARES MSCI EAFE INDEX	$223,000	–	3,575	–	0.03%	–
VAC	New	MARRIOTT VACATIONS WORLDWIDE C	$206,000	–	1,775	–	0.03%	–
QCOM	New	QUALCOMM INC	$202,000	–	1,582	–	0.03%	–
GSAT	New	GLOBALSTAR INC	$18,000	–	15,000	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
AEP	Exit	AMERICAN ELECTRIC POWER	$0	–	-2,606	–	-0.02%	–
COF	Exit	CAPITAL ONE FINANCIAL	$0	–	-1,290	–	-0.02%	–
GHC	Exit	GRAHAM HOLDINGS CO.	$0	–	-346	–	-0.02%	–
CTAS	Exit	CINTAS CORP	$0	–	-535	–	-0.02%	–
WTM	Exit	WHITE MOUNTAINS INS.	$0	–	-199	–	-0.03%	–
HPQ	Exit	HP INC	$0	–	-7,819	–	-0.03%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-1,400	–	-0.03%	–
NYT	Exit	NEW YORK TIMES CL A	$0	–	-4,800	–	-0.03%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-1,633	–	-0.03%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-6,729	–	-0.03%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-2,000	–	-0.03%	–
PEAK	Exit	HEALTH PEAK PROPERTIES INC	$0	–	-7,524	–	-0.03%	–
USB	Exit	US BANCORP DEL (NEW)	$0	–	-4,269	–	-0.03%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GROU	$0	–	-4,440	–	-0.03%	–
TJX	Exit	THE TJX COMPANIES	$0	–	-4,000	–	-0.03%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-4,747	–	-0.03%	–
UL	Exit	UNILEVER PLC SPONS ADR	$0	–	-5,000	–	-0.03%	–
TRMB	Exit	TRIMBLE NAVIGATION	$0	–	-3,400	–	-0.03%	–
VAC	Exit	MARRIOTT VACATIONS WORLDWIDE C	$0	–	-1,775	–	-0.03%	–
XLU	Exit	SELECT SECTOR SPDR TR UTILITIE	$0	–	-4,500	–	-0.04%	–
BFS	Exit	SAUL CENTERS INC.	$0	–	-6,728	–	-0.04%	–
NSRGY	Exit	NESTLE SA REG ADR	$0	–	-2,518	–	-0.04%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-5,709	–	-0.04%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-4,834	–	-0.04%	–
DTE	Exit	DTE ENERGY	$0	–	-3,004	–	-0.04%	–
FISV	Exit	FISERV INC	$0	–	-3,090	–	-0.04%	–
EFA	Exit	ISHARES MSCI EAFE INDEX	$0	–	-4,237	–	-0.04%	–
APD	Exit	AIR PRODUCTS & CHEMICALS	$0	–	-1,368	–	-0.04%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-6,222	–	-0.04%	–
DOV	Exit	DOVER CORPORATION	$0	–	-2,285	–	-0.04%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-1,531	–	-0.04%	–
LIN	Exit	LINDE PLC	$0	–	-1,330	–	-0.05%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-2,400	–	-0.05%	–
DE	Exit	DEERE AND CO.	$0	–	-1,215	–	-0.05%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-4,410	–	-0.05%	–
CL	Exit	COLGATE-PALMOLIVE COMPANY	$0	–	-5,652	–	-0.05%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-3,777	–	-0.06%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC.	$0	–	-3,260	–	-0.06%	–
SPY	Exit	SPDR S&P 500 ETF	$0	–	-1,128	–	-0.06%	–
MAN	Exit	MANPOWER INC WISCONSIN	$0	–	-4,724	–	-0.06%	–
MDT	Exit	MEDTRONIC INC	$0	–	-4,577	–	-0.07%	–
SJM	Exit	SMUCKER J.M. CO	$0	–	-5,006	–	-0.07%	–
CSX	Exit	C S X CORPORATION	$0	–	-21,000	–	-0.08%	–
ALL	Exit	ALLSTATE CORPORATION	$0	–	-4,908	–	-0.08%	–
TRV	Exit	THE TRAVELERS COS INC	$0	–	-4,089	–	-0.08%	–
BEN	Exit	FRANKLIN RESOURCES INC	$0	–	-22,210	–	-0.08%	–
CABO	Exit	CABLE ONE INC	$0	–	-386	–	-0.08%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-3,594	–	-0.08%	–
OTIS	Exit	OTIS WORLDWIDE INC	$0	–	-8,682	–	-0.09%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-12,174	–	-0.09%	–
ORCL	Exit	ORACLE CORP	$0	–	-8,429	–	-0.09%	–
CARR	Exit	CARRIER GLOBAL	$0	–	-14,317	–	-0.09%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-8,750	–	-0.09%	–
TMO	Exit	THERMO FISHER SCIENTIFIC	$0	–	-1,323	–	-0.09%	–
VWO	Exit	VANGUARD EMERGING MARKETS ETF	$0	–	-15,545	–	-0.09%	–
BMY	Exit	BRISTOL-MYERS SQUIBB COMPANY	$0	–	-13,553	–	-0.10%	–
LMT	Exit	LOCKHEED MARTIN	$0	–	-2,312	–	-0.10%	–
GLW	Exit	CORNING INC.	$0	–	-23,300	–	-0.10%	–
MS	Exit	MORGAN STANLEY & CO	$0	–	-8,820	–	-0.10%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE, INC.	$0	–	-18,445	–	-0.10%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-18,215	–	-0.11%	–
ENB	Exit	ENBRIDGE INC.	$0	–	-24,534	–	-0.12%	–
UDR	Exit	UDR INC	$0	–	-19,679	–	-0.12%	–
AMGN	Exit	AMGEN INC	$0	–	-4,946	–	-0.13%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-7,731	–	-0.13%	–
FRT	Exit	FEDERAL REALTY INV TR S B I	$0	–	-9,464	–	-0.13%	–
LLY	Exit	ELI LILLY & CO	$0	–	-4,822	–	-0.13%	–
TGT	Exit	TARGET CORP	$0	–	-4,856	–	-0.13%	–
VOO	Exit	VANGUARD S&P ETF	$0	–	-2,845	–	-0.14%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-18,766	–	-0.14%	–
NTRS	Exit	NORTHERN TRUST CORP	$0	–	-10,400	–	-0.14%	–
DHR	Exit	DANAHER CORP	$0	–	-3,820	–	-0.14%	–
MSI	Exit	MOTOROLA SOLUTIONS, INC	$0	–	-5,084	–	-0.14%	–
T	Exit	AT&T CORP NEW	$0	–	-44,377	–	-0.14%	–
KIM	Exit	KIMCO REALTY CORP REIT	$0	–	-61,154	–	-0.15%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKET	$0	–	-25,523	–	-0.16%	–
EMR	Exit	EMERSON ELECTRIC CO.	$0	–	-13,901	–	-0.16%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CLA	$0	–	-4,885	–	-0.16%	–
GOOGL	Exit	ALPHABET INC VOTING CL A	$0	–	-504	–	-0.16%	–
NVDA	Exit	NVIDIA CORP	$0	–	-6,506	–	-0.16%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-32,145	–	-0.17%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-17,732	–	-0.17%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-14,599	–	-0.17%	–
WRE	Exit	WASH REAL ESTATE INV TRUST S B	$0	–	-59,590	–	-0.18%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-7,758	–	-0.18%	–
HD	Exit	HOME DEPOT	$0	–	-4,940	–	-0.20%	–
	Exit	GENERAL ELECTRIC COMPANY	$0	–	-16,526	–	-0.20%	–
BAC	Exit	BANK OF AMERICA	$0	–	-41,002	–	-0.21%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-30,184	–	-0.21%	–
ABBV	Exit	ABBVIE INC	$0	–	-16,972	–	-0.22%	–
INTU	Exit	INTUIT INC	$0	–	-3,600	–	-0.23%	–
HSY	Exit	HERSHEY COMPANY	$0	–	-11,712	–	-0.24%	–
LH	Exit	LABORATORY CORP OF AMERICA	$0	–	-7,132	–	-0.24%	–
MTB	Exit	M & T BANK CORP	$0	–	-13,550	–	-0.24%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-39,123	–	-0.25%	–
BA	Exit	BOEING	$0	–	-9,628	–	-0.26%	–
QQQ	Exit	POWERSHARES QQQ TR ETF SERIES	$0	–	-6,286	–	-0.27%	–
VNQ	Exit	VANGUARD REIT ETF	$0	–	-22,182	–	-0.27%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-25,992	–	-0.28%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-16,561	–	-0.28%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-18,927	–	-0.30%	–
K	Exit	KELLOGG COMPANY	$0	–	-40,641	–	-0.31%	–
SO	Exit	SOUTHERN COMPANY (THE)	$0	–	-46,272	–	-0.34%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DEL CLA	$0	–	-9	–	-0.44%	–
D	Exit	DOMINION RESOURCES INC OF VA	$0	–	-54,308	–	-0.48%	–
MMM	Exit	3M CO.	$0	–	-23,059	–	-0.49%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-75,643	–	-0.49%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET	$0	–	-20,070	–	-0.54%	–
AXP	Exit	AMERICAN EXPRESS INC	$0	–	-28,387	–	-0.57%	–
WFC	Exit	WELLS FARGO & CO. NEW	$0	–	-105,196	–	-0.59%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-23,321	–	-0.60%	–
CVX	Exit	CHEVRON CORP	$0	–	-53,817	–	-0.66%	–
FDX	Exit	FEDEX CORP	$0	–	-27,759	–	-0.73%	–
VB	Exit	VANGUARD SMALL CAP ETF	$0	–	-28,087	–	-0.74%	–
IWM	Exit	ISHARES RUSSELL 2000 IDX	$0	–	-29,373	–	-0.77%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-33,159	–	-0.78%	–
MRK	Exit	MERCK & COMPANY INCORPORATED N	$0	–	-87,197	–	-0.79%	–
CAT	Exit	CATERPILLAR INCORPORATED	$0	–	-35,080	–	-0.81%	–
INTC	Exit	INTEL CORP COM	$0	–	-126,928	–	-0.81%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-83,949	–	-0.87%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-123,670	–	-0.88%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-95,128	–	-0.90%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-145,025	–	-0.95%	–
WTRG	Exit	ESSENTIAL UTILITIES INC	$0	–	-176,076	–	-0.98%	–
VO	Exit	VANGUARD MID CAP ETF	$0	–	-35,230	–	-1.00%	–
IWR	Exit	ISHARES RUSSELL MIDCAP INDEX	$0	–	-113,215	–	-1.06%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-23,094	–	-1.08%	–
MAR	Exit	MARRIOTT INTERNATIONAL, NEW IN	$0	–	-62,781	–	-1.12%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-16,197	–	-1.12%	–
IBB	Exit	ISHARES NASDAQ BIOTECH INDEX	$0	–	-62,541	–	-1.22%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-90,059	–	-1.28%	–
BDX	Exit	BECTON DICKINSON	$0	–	-46,100	–	-1.36%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-67,138	–	-1.37%	–
ITW	Exit	ILLINOIS TOOL WORKS INC.	$0	–	-59,560	–	-1.48%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-150,806	–	-1.50%	–
V	Exit	VISA INC CLASS A	$0	–	-57,393	–	-1.54%	–
MCD	Exit	MC DONALD'S CORPORATION	$0	–	-56,043	–	-1.62%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-94,606	–	-1.71%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-4,617	–	-1.82%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-94,076	–	-1.85%	–
IFF	Exit	INTERNATIONAL FLAVORS & FRAGRA	$0	–	-122,683	–	-1.97%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-106,280	–	-2.06%	–
GOOG	Exit	ALPHABET INC NON-VOTING CL C	$0	–	-6,513	–	-2.09%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-129,128	–	-2.17%	–
TROW	Exit	T ROWE PRICE GROUP INC.	$0	–	-92,120	–	-2.18%	–
LOW	Exit	LOWES COS	$0	–	-94,237	–	-2.30%	–
CC	Exit	CHEMOURS CO	$0	–	-673,112	–	-2.35%	–
AAPL	Exit	APPLE INC	$0	–	-182,055	–	-3.10%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-119,825	–	-4.06%	–
CTVA	Exit	CORTEVA INC	$0	–	-1,019,982	–	-5.16%	–
DD	Exit	DU PONT (E.I.) DE NEMOURS & CO	$0	–	-890,797	–	-7.28%	–
DOW	Exit	DOW CHEMICAL COMPANY (THE)	$0	–	-1,055,333	–	-7.30%	–
VGT	Exit	VANGUARD INFORMATION TECHNOLOG	$0	–	-197,245	–	-9.52%	–

Q3 2021

			Value		Shares		↓ Weighting
VGT	Sell	VANGUARD INFORMATION TECHNOLOG	$79,153,000	+0.6%	197,245	-0.0%	9.52%	+4.4%
DOW	Sell	DOW CHEMICAL COMPANY (THE)	$60,745,000	-12.5%	1,055,333	-3.8%	7.30%	-9.2%
DD	Sell	DU PONT (E.I.) DE NEMOURS & CO	$60,565,000	-15.5%	890,797	-3.8%	7.28%	-12.3%
CTVA	Sell	CORTEVA INC	$42,921,000	-8.9%	1,019,982	-3.9%	5.16%	-5.4%
MSFT	Sell	MICROSOFT CORPORATION	$33,781,000	+3.9%	119,825	-0.2%	4.06%	+7.8%
AAPL	Buy	APPLE INC	$25,761,000	+4.0%	182,055	+0.7%	3.10%	+8.0%
CC	Sell	CHEMOURS CO	$19,561,000	-18.3%	673,112	-2.1%	2.35%	-15.2%
LOW	Sell	LOWES COS	$19,117,000	+3.3%	94,237	-1.2%	2.30%	+7.3%
TROW	Sell	T ROWE PRICE GROUP INC.	$18,120,000	-1.3%	92,120	-0.7%	2.18%	+2.4%
PG	Buy	PROCTER & GAMBLE COMPANY	$18,052,000	+4.0%	129,128	+0.4%	2.17%	+8.0%
GOOG	Buy	ALPHABET INC NON-VOTING CL C	$17,359,000	+7.9%	6,513	+1.4%	2.09%	+12.0%
JNJ	Buy	JOHNSON & JOHNSON	$17,164,000	-0.3%	106,280	+1.7%	2.06%	+3.5%
IFF	Sell	INTERNATIONAL FLAVORS & FRAGRA	$16,405,000	-13.9%	122,683	-3.8%	1.97%	-10.6%
JPM	Buy	JPMORGAN CHASE & CO.	$15,399,000	+5.7%	94,076	+0.4%	1.85%	+9.7%
AMZN	Buy	AMAZON.COM INC	$15,167,000	-3.4%	4,617	+1.1%	1.82%	+0.3%
PEP	Buy	PEPSICO INCORPORATED	$14,230,000	+2.5%	94,606	+1.0%	1.71%	+6.4%
MCD	Buy	MC DONALD'S CORPORATION	$13,512,000	+5.1%	56,043	+0.6%	1.62%	+9.1%
V	Buy	VISA INC CLASS A	$12,784,000	-4.0%	57,393	+0.8%	1.54%	-0.4%
CHD	Buy	CHURCH & DWIGHT CO INC	$12,452,000	-1.8%	150,806	+1.4%	1.50%	+2.0%
ITW	Sell	ILLINOIS TOOL WORKS INC.	$12,307,000	-8.2%	59,560	-0.6%	1.48%	-4.6%
DIS	Buy	WALT DISNEY COMPANY	$11,358,000	-1.3%	67,138	+2.5%	1.37%	+2.5%
BDX	Buy	BECTON DICKINSON	$11,332,000	+4.6%	46,100	+3.5%	1.36%	+8.6%
ABT	Buy	ABBOTT LABORATORIES	$10,639,000	+4.3%	90,059	+2.3%	1.28%	+8.2%
IBB	Buy	ISHARES NASDAQ BIOTECH INDEX	$10,112,000	+1.9%	62,541	+3.1%	1.22%	+5.7%
ADBE	Buy	ADOBE SYSTEMS INCORPORATED	$9,325,000	+3.5%	16,197	+5.3%	1.12%	+7.5%
MAR	Buy	MARRIOTT INTERNATIONAL, NEW IN	$9,297,000	+10.5%	62,781	+1.9%	1.12%	+14.7%
UNH	Sell	UNITED HEALTHCARE CORP	$9,024,000	-2.8%	23,094	-0.4%	1.08%	+0.9%
IWR	Sell	ISHARES RUSSELL MIDCAP INDEX	$8,856,000	-2.4%	113,215	-1.1%	1.06%	+1.3%
VO	Buy	VANGUARD MID CAP ETF	$8,341,000	-0.2%	35,230	+0.0%	1.00%	+3.6%
WTRG	Buy	ESSENTIAL UTILITIES INC	$8,114,000	+6.2%	176,076	+5.3%	0.98%	+10.3%
CSCO	Buy	CISCO SYSTEMS INC	$7,894,000	+3.2%	145,025	+0.5%	0.95%	+7.1%
NEE	Buy	NEXTERA ENERGY	$7,469,000	+10.2%	95,128	+2.9%	0.90%	+14.4%
XOM	Sell	EXXON MOBIL CORPORATION	$7,274,000	-8.0%	123,670	-1.3%	0.88%	-4.5%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$7,216,000	+3.4%	83,949	+2.6%	0.87%	+7.4%
INTC	Buy	INTEL CORP COM	$6,763,000	-3.6%	126,928	+1.6%	0.81%	0.0%
CAT	Sell	CATERPILLAR INCORPORATED	$6,734,000	-11.9%	35,080	-0.1%	0.81%	-8.5%
MRK	Buy	MERCK & COMPANY INCORPORATED N	$6,549,000	+4.7%	87,197	+8.4%	0.79%	+8.7%
UNP	Buy	UNION PACIFIC CORP	$6,499,000	-10.3%	33,159	+0.6%	0.78%	-6.8%
IWM	Sell	ISHARES RUSSELL 2000 IDX	$6,425,000	-5.6%	29,373	-1.0%	0.77%	-1.9%
VB	Sell	VANGUARD SMALL CAP ETF	$6,142,000	-3.0%	28,087	-0.1%	0.74%	+0.7%
FDX	Buy	FEDEX CORP	$6,087,000	-26.3%	27,759	+0.2%	0.73%	-23.5%
CVX	Sell	CHEVRON CORP	$5,460,000	-4.7%	53,817	-1.6%	0.66%	-1.1%
HON	Buy	HONEYWELL INTERNATIONAL INC	$4,951,000	+1.1%	23,321	+4.5%	0.60%	+4.9%
WFC	Sell	WELLS FARGO & CO. NEW	$4,882,000	+0.1%	105,196	-2.3%	0.59%	+3.9%
AXP	Buy	AMERICAN EXPRESS INC	$4,756,000	+2.9%	28,387	+1.5%	0.57%	+6.9%
VTI	Buy	VANGUARD TOTAL STOCK MARKET	$4,457,000	-0.3%	20,070	+0.0%	0.54%	+3.5%
VZ	Buy	VERIZON COMMUNICATIONS	$4,085,000	+0.3%	75,643	+4.1%	0.49%	+4.0%
MMM	Buy	3M CO.	$4,045,000	-10.6%	23,059	+1.3%	0.49%	-7.3%
D	Sell	DOMINION RESOURCES INC OF VA	$3,966,000	-1.2%	54,308	-0.5%	0.48%	+2.6%
SO	Sell	SOUTHERN COMPANY (THE)	$2,867,000	+1.0%	46,272	-1.4%	0.34%	+4.9%
K	Sell	KELLOGG COMPANY	$2,598,000	-3.1%	40,641	-2.5%	0.31%	+0.3%
IBM	Sell	INTERNATIONAL BUSINESS MACHINE	$2,301,000	-11.7%	16,561	-6.9%	0.28%	-8.3%
ATO	Buy	ATMOS ENERGY CORP	$2,292,000	+4.1%	25,992	+13.5%	0.28%	+8.2%
VNQ	Buy	VANGUARD REIT ETF	$2,258,000	+9.0%	22,182	+9.0%	0.27%	+13.3%
LH	Buy	LABORATORY CORP OF AMERICA	$2,007,000	+4.6%	7,132	+2.6%	0.24%	+8.6%
ABBV	Sell	ABBVIE INC	$1,831,000	-6.2%	16,972	-2.1%	0.22%	-2.7%
XRAY	Sell	DENTSPLY SIRONA INC	$1,752,000	-14.7%	30,184	-7.0%	0.21%	-11.3%
	New	GENERAL ELECTRIC COMPANY	$1,703,000	–	16,526	–	0.20%	–
HD	Sell	HOME DEPOT	$1,622,000	+0.9%	4,940	-2.0%	0.20%	+4.8%
WRE	Sell	WASH REAL ESTATE INV TRUST S B	$1,475,000	+5.7%	59,590	-1.8%	0.18%	+9.3%
PFE	Sell	PFIZER INCORPORATED	$1,383,000	+9.3%	32,145	-0.5%	0.17%	+12.9%
GOOGL	Sell	ALPHABET INC VOTING CL A	$1,347,000	+8.6%	504	-0.8%	0.16%	+12.5%
NVDA	Buy	NVIDIA CORP	$1,348,000	+125.0%	6,506	+768.6%	0.16%	+134.8%
VEA	Sell	VANGUARD FTSE DEVELOPED MARKET	$1,289,000	-3.7%	25,523	-1.7%	0.16%	0.0%
KIM	New	KIMCO REALTY CORP REIT	$1,269,000	–	61,154	–	0.15%	–
T	Sell	AT&T CORP NEW	$1,199,000	-18.8%	44,377	-13.5%	0.14%	-15.8%
DHR	Sell	DANAHER CORP	$1,163,000	+11.7%	3,820	-1.5%	0.14%	+15.7%
FRT	Sell	FEDERAL REALTY INV TR S B I	$1,117,000	-3.5%	9,464	-4.2%	0.13%	0.0%
WMT	Buy	WAL-MART STORES INC	$1,078,000	+2.3%	7,731	+3.5%	0.13%	+6.6%
ENB	Sell	ENBRIDGE INC.	$977,000	-2.5%	24,534	-1.8%	0.12%	+0.9%
BK	Sell	BANK OF NEW YORK MELLON CORP	$944,000	+1.0%	18,215	-0.2%	0.11%	+5.6%
WBA	Sell	WALGREENS BOOTS ALLIANCE, INC.	$868,000	-29.5%	18,445	-21.2%	0.10%	-27.3%
GLW	Sell	CORNING INC.	$850,000	-14.5%	23,300	-4.1%	0.10%	-11.3%
BMY	Sell	BRISTOL-MYERS SQUIBB COMPANY	$802,000	-13.9%	13,553	-2.9%	0.10%	-11.1%
VWO	Sell	VANGUARD EMERGING MARKETS ETF	$777,000	-7.9%	15,545	-0.0%	0.09%	-5.1%
TMO	Sell	THERMO FISHER SCIENTIFIC	$756,000	+7.7%	1,323	-4.9%	0.09%	+12.3%
CARR	Sell	CARRIER GLOBAL	$741,000	+2.5%	14,317	-3.8%	0.09%	+6.0%
CVS	Sell	CVS CAREMARK CORPORATION	$743,000	+1.0%	8,750	-0.8%	0.09%	+4.7%
OTIS	Sell	OTIS WORLDWIDE INC	$714,000	-1.5%	8,682	-2.0%	0.09%	+2.4%
MDT	Buy	MEDTRONIC INC	$574,000	+31.1%	4,577	+29.8%	0.07%	+35.3%
DE	Sell	DEERE AND CO.	$407,000	-5.8%	1,215	-0.8%	0.05%	-2.0%
LIN	Sell	LINDE PLC	$390,000	-2.3%	1,330	-3.6%	0.05%	+2.2%
EFA	Sell	ISHARES MSCI EAFE INDEX	$331,000	-5.4%	4,237	-4.6%	0.04%	-2.4%
COP	Sell	CONOCOPHILLIPS	$328,000	-0.9%	4,834	-11.0%	0.04%	+2.6%
PEG	Sell	PUBLIC SERVICE ENTERPRISE GROU	$270,000	+1.1%	4,440	-0.6%	0.03%	+3.2%
USB	Sell	US BANCORP DEL (NEW)	$254,000	-4.5%	4,269	-8.7%	0.03%	0.0%
PXD	Sell	PIONEER NAT RES CO	$233,000	-4.5%	1,400	-6.7%	0.03%	0.0%
NKE	Buy	NIKE INC CLASS B	$237,000	-5.6%	1,633	+0.6%	0.03%	-3.4%
CTAS	Sell	CINTAS CORP	$204,000	-1.0%	535	-0.9%	0.02%	+4.2%
COF	New	CAPITAL ONE FINANCIAL	$209,000	–	1,290	–	0.02%	–
MO	Exit	ALTRIA GROUP	$0	–	-4,400	–	-0.02%	–
QCOM	Exit	QUALCOMM INC	$0	–	-1,450	–	-0.02%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-4,600	–	-0.02%	–
SWK	Exit	STANLEY BLACK & DECKER	$0	–	-1,046	–	-0.02%	–
OGN	Exit	ORGANON & CO	$0	–	-7,868	–	-0.03%	–
XEC	Exit	CIMAREX ENERGY CO.	$0	–	-3,665	–	-0.03%	–
PSX	Exit	PHILLIPS 66	$0	–	-4,542	–	-0.04%	–
WRI	Exit	WEINGARTEN REALTY INVS S B I	$0	–	-44,746	–	-0.17%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-139,016	–	-0.22%	–

Q2 2021

			Value		Shares		↓ Weighting
VGT	New	VANGUARD INFORMATION TECHNOLOG	$78,676,000	–	197,297	–	9.11%	–
DD	New	DU PONT (E.I.) DE NEMOURS & CO	$71,696,000	–	926,189	–	8.30%	–
DOW	New	DOW CHEMICAL COMPANY (THE)	$69,420,000	–	1,097,033	–	8.04%	–
CTVA	New	CORTEVA INC	$47,095,000	–	1,061,895	–	5.46%	–
MSFT	New	MICROSOFT CORPORATION	$32,517,000	–	120,033	–	3.77%	–
AAPL	New	APPLE INC	$24,769,000	–	180,850	–	2.87%	–
CC	New	CHEMOURS CO	$23,936,000	–	687,812	–	2.77%	–
IFF	New	INTERNATIONAL FLAVORS & FRAGRA	$19,050,000	–	127,508	–	2.21%	–
LOW	New	LOWES COS	$18,502,000	–	95,385	–	2.14%	–
TROW	New	T ROWE PRICE GROUP INC.	$18,364,000	–	92,760	–	2.13%	–
PG	New	PROCTER & GAMBLE COMPANY	$17,358,000	–	128,644	–	2.01%	–
JNJ	New	JOHNSON & JOHNSON	$17,213,000	–	104,483	–	1.99%	–
GOOG	New	ALPHABET INC NON-VOTING CL C	$16,093,000	–	6,421	–	1.86%	–
AMZN	New	AMAZON.COM INC	$15,704,000	–	4,565	–	1.82%	–
JPM	New	JPMORGAN CHASE & CO.	$14,574,000	–	93,698	–	1.69%	–
PEP	New	PEPSICO INCORPORATED	$13,882,000	–	93,689	–	1.61%	–
ITW	New	ILLINOIS TOOL WORKS INC.	$13,401,000	–	59,946	–	1.55%	–
V	New	VISA INC CLASS A	$13,318,000	–	56,958	–	1.54%	–
MCD	New	MC DONALD'S CORPORATION	$12,862,000	–	55,684	–	1.49%	–
CHD	New	CHURCH & DWIGHT CO INC	$12,674,000	–	148,721	–	1.47%	–
DIS	New	WALT DISNEY COMPANY	$11,508,000	–	65,474	–	1.33%	–
BDX	New	BECTON DICKINSON	$10,834,000	–	44,551	–	1.26%	–
ABT	New	ABBOTT LABORATORIES	$10,204,000	–	88,016	–	1.18%	–
IBB	New	ISHARES NASDAQ BIOTECH INDEX	$9,924,000	–	60,643	–	1.15%	–
UNH	New	UNITED HEALTHCARE CORP	$9,283,000	–	23,181	–	1.08%	–
IWR	New	ISHARES RUSSELL MIDCAP INDEX	$9,072,000	–	114,485	–	1.05%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$9,008,000	–	15,382	–	1.04%	–
MAR	New	MARRIOTT INTERNATIONAL, NEW IN	$8,415,000	–	61,639	–	0.98%	–
VO	New	VANGUARD MID CAP ETF	$8,358,000	–	35,215	–	0.97%	–
FDX	New	FEDEX CORP	$8,263,000	–	27,698	–	0.96%	–
XOM	New	EXXON MOBIL CORPORATION	$7,904,000	–	125,295	–	0.92%	–
CSCO	New	CISCO SYSTEMS INC	$7,649,000	–	144,326	–	0.89%	–
WTRG	New	ESSENTIAL UTILITIES INC	$7,643,000	–	167,242	–	0.88%	–
CAT	New	CATERPILLAR INCORPORATED	$7,640,000	–	35,105	–	0.88%	–
UNP	New	UNION PACIFIC CORP	$7,247,000	–	32,953	–	0.84%	–
INTC	New	INTEL CORP COM	$7,015,000	–	124,948	–	0.81%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$6,978,000	–	81,798	–	0.81%	–
IWM	New	ISHARES RUSSELL 2000 IDX	$6,803,000	–	29,660	–	0.79%	–
NEE	New	NEXTERA ENERGY	$6,777,000	–	92,478	–	0.78%	–
VB	New	VANGUARD SMALL CAP ETF	$6,335,000	–	28,122	–	0.73%	–
MRK	New	MERCK & COMPANY INCORPORATED N	$6,258,000	–	80,462	–	0.72%	–
CVX	New	CHEVRON CORP	$5,731,000	–	54,718	–	0.66%	–
HON	New	HONEYWELL INTERNATIONAL INC	$4,897,000	–	22,326	–	0.57%	–
WFC	New	WELLS FARGO & CO. NEW	$4,875,000	–	107,633	–	0.56%	–
AXP	New	AMERICAN EXPRESS INC	$4,620,000	–	27,958	–	0.54%	–
MMM	New	3M CO.	$4,524,000	–	22,774	–	0.52%	–
VTI	New	VANGUARD TOTAL STOCK MARKET	$4,470,000	–	20,062	–	0.52%	–
VZ	New	VERIZON COMMUNICATIONS	$4,071,000	–	72,654	–	0.47%	–
D	New	DOMINION RESOURCES INC OF VA	$4,016,000	–	54,583	–	0.46%	–
BRKA	New	BERKSHIRE HATHAWAY INC DEL CLA	$3,767,000	–	9	–	0.44%	–
SO	New	SOUTHERN COMPANY (THE)	$2,838,000	–	46,907	–	0.33%	–
K	New	KELLOGG COMPANY	$2,682,000	–	41,691	–	0.31%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$2,607,000	–	17,787	–	0.30%	–
KMB	New	KIMBERLY-CLARK CORP	$2,532,000	–	18,927	–	0.29%	–
BA	New	BOEING	$2,306,000	–	9,628	–	0.27%	–
QQQ	New	POWERSHARES QQQ TR ETF SERIES	$2,228,000	–	6,286	–	0.26%	–
ATO	New	ATMOS ENERGY CORP	$2,201,000	–	22,902	–	0.26%	–
KO	New	COCA-COLA COMPANY	$2,117,000	–	39,123	–	0.24%	–
VNQ	New	VANGUARD REIT ETF	$2,071,000	–	20,342	–	0.24%	–
XRAY	New	DENTSPLY SIRONA INC	$2,054,000	–	32,464	–	0.24%	–
HSY	New	HERSHEY COMPANY	$2,040,000	–	11,712	–	0.24%	–
MTB	New	M & T BANK CORP	$1,969,000	–	13,550	–	0.23%	–
ABBV	New	ABBVIE INC	$1,952,000	–	17,332	–	0.23%	–
LH	New	LABORATORY CORP OF AMERICA	$1,918,000	–	6,952	–	0.22%	–
GE	New	GENERAL ELECTRIC COMPANY	$1,871,000	–	139,016	–	0.22%	–
INTU	New	INTUIT INC	$1,765,000	–	3,600	–	0.20%	–
BAC	New	BANK OF AMERICA	$1,691,000	–	41,002	–	0.20%	–
HD	New	HOME DEPOT	$1,607,000	–	5,040	–	0.19%	–
TXN	New	TEXAS INSTRUMENTS	$1,492,000	–	7,758	–	0.17%	–
T	New	AT&T CORP NEW	$1,477,000	–	51,321	–	0.17%	–
DUK	New	DUKE ENERGY CORP	$1,441,000	–	14,599	–	0.17%	–
WRI	New	WEINGARTEN REALTY INVS S B I	$1,435,000	–	44,746	–	0.17%	–
WRE	New	WASH REAL ESTATE INV TRUST S B	$1,395,000	–	60,652	–	0.16%	–
SYY	New	SYSCO CORPORATION	$1,379,000	–	17,732	–	0.16%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CLA	$1,358,000	–	4,885	–	0.16%	–
EMR	New	EMERSON ELECTRIC CO.	$1,338,000	–	13,901	–	0.16%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKET	$1,338,000	–	25,961	–	0.16%	–
PFE	New	PFIZER INCORPORATED	$1,265,000	–	32,295	–	0.15%	–
GOOGL	New	ALPHABET INC VOTING CL A	$1,240,000	–	508	–	0.14%	–
WBA	New	WALGREENS BOOTS ALLIANCE, INC.	$1,231,000	–	23,404	–	0.14%	–
AMGN	New	AMGEN INC	$1,206,000	–	4,946	–	0.14%	–
NTRS	New	NORTHERN TRUST CORP	$1,202,000	–	10,400	–	0.14%	–
TGT	New	TARGET CORP	$1,174,000	–	4,856	–	0.14%	–
FRT	New	FEDERAL REALTY INV TR S B I	$1,157,000	–	9,874	–	0.13%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$1,137,000	–	18,766	–	0.13%	–
VOO	New	VANGUARD S&P ETF	$1,120,000	–	2,845	–	0.13%	–
MSI	New	MOTOROLA SOLUTIONS, INC	$1,102,000	–	5,084	–	0.13%	–
LLY	New	ELI LILLY & CO	$1,107,000	–	4,822	–	0.13%	–
WMT	New	WAL-MART STORES INC	$1,054,000	–	7,471	–	0.12%	–
DHR	New	DANAHER CORP	$1,041,000	–	3,880	–	0.12%	–
ENB	New	ENBRIDGE INC.	$1,002,000	–	24,992	–	0.12%	–
GLW	New	CORNING INC.	$994,000	–	24,300	–	0.12%	–
UDR	New	UDR INC	$964,000	–	19,679	–	0.11%	–
BMY	New	BRISTOL-MYERS SQUIBB COMPANY	$932,000	–	13,953	–	0.11%	–
BK	New	BANK OF NEW YORK MELLON CORP	$935,000	–	18,245	–	0.11%	–
LMT	New	LOCKHEED MARTIN	$875,000	–	2,312	–	0.10%	–
VWO	New	VANGUARD EMERGING MARKETS ETF	$844,000	–	15,549	–	0.10%	–
MS	New	MORGAN STANLEY & CO	$809,000	–	8,820	–	0.09%	–
GIS	New	GENERAL MILLS INC	$742,000	–	12,174	–	0.09%	–
CABO	New	CABLE ONE INC	$738,000	–	386	–	0.08%	–
CVS	New	CVS CAREMARK CORPORATION	$736,000	–	8,820	–	0.08%	–
CARR	New	CARRIER GLOBAL	$723,000	–	14,876	–	0.08%	–
OTIS	New	OTIS WORLDWIDE INC	$725,000	–	8,862	–	0.08%	–
BEN	New	FRANKLIN RESOURCES INC	$710,000	–	22,210	–	0.08%	–
TMO	New	THERMO FISHER SCIENTIFIC	$702,000	–	1,391	–	0.08%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$686,000	–	3,594	–	0.08%	–
CSX	New	C S X CORPORATION	$674,000	–	21,000	–	0.08%	–
ORCL	New	ORACLE CORP	$656,000	–	8,429	–	0.08%	–
SJM	New	SMUCKER J.M. CO	$649,000	–	5,006	–	0.08%	–
ALL	New	ALLSTATE CORPORATION	$640,000	–	4,908	–	0.07%	–
TRV	New	THE TRAVELERS COS INC	$612,000	–	4,089	–	0.07%	–
NVDA	New	NVIDIA CORP	$599,000	–	749	–	0.07%	–
MAN	New	MANPOWER INC WISCONSIN	$562,000	–	4,724	–	0.06%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC.	$524,000	–	3,260	–	0.06%	–
SPY	New	SPDR S&P 500 ETF	$483,000	–	1,128	–	0.06%	–
CL	New	COLGATE-PALMOLIVE COMPANY	$460,000	–	5,652	–	0.05%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$447,000	–	3,777	–	0.05%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$437,000	–	4,410	–	0.05%	–
MDT	New	MEDTRONIC INC	$438,000	–	3,527	–	0.05%	–
DE	New	DEERE AND CO.	$432,000	–	1,225	–	0.05%	–
VMC	New	VULCAN MATERIALS CO	$418,000	–	2,400	–	0.05%	–
NSC	New	NORFOLK SOUTHERN CORP	$406,000	–	1,531	–	0.05%	–
LIN	New	LINDE PLC	$399,000	–	1,380	–	0.05%	–
APD	New	AIR PRODUCTS & CHEMICALS	$394,000	–	1,368	–	0.05%	–
DTE	New	DTE ENERGY	$389,000	–	3,004	–	0.04%	–
PSX	New	PHILLIPS 66	$390,000	–	4,542	–	0.04%	–
IP	New	INTERNATIONAL PAPER CO	$350,000	–	5,709	–	0.04%	–
EFA	New	ISHARES MSCI EAFE INDEX	$350,000	–	4,440	–	0.04%	–
CMCSA	New	COMCAST CORP NEW CL A	$355,000	–	6,222	–	0.04%	–
DOV	New	DOVER CORPORATION	$344,000	–	2,285	–	0.04%	–
FISV	New	FISERV INC	$330,000	–	3,090	–	0.04%	–
COP	New	CONOCOPHILLIPS	$331,000	–	5,434	–	0.04%	–
NSRGY	New	NESTLE SA REG ADR	$314,000	–	2,518	–	0.04%	–
BFS	New	SAUL CENTERS INC.	$306,000	–	6,728	–	0.04%	–
MDLZ	New	MONDELEZ INTL INC	$296,000	–	4,747	–	0.03%	–
UL	New	UNILEVER PLC SPONS ADR	$292,000	–	5,000	–	0.03%	–
XLU	New	SELECT SECTOR SPDR TR UTILITIE	$285,000	–	4,500	–	0.03%	–
VAC	New	MARRIOTT VACATIONS WORLDWIDE C	$283,000	–	1,775	–	0.03%	–
TRMB	New	TRIMBLE NAVIGATION	$278,000	–	3,400	–	0.03%	–
XEC	New	CIMAREX ENERGY CO.	$266,000	–	3,665	–	0.03%	–
TJX	New	THE TJX COMPANIES	$270,000	–	4,000	–	0.03%	–
USB	New	US BANCORP DEL (NEW)	$266,000	–	4,674	–	0.03%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GROU	$267,000	–	4,465	–	0.03%	–
NKE	New	NIKE INC CLASS B	$251,000	–	1,623	–	0.03%	–
PEAK	New	HEALTH PEAK PROPERTIES INC	$250,000	–	7,524	–	0.03%	–
PXD	New	PIONEER NAT RES CO	$244,000	–	1,500	–	0.03%	–
OGN	New	ORGANON & CO	$238,000	–	7,868	–	0.03%	–
WCN	New	WASTE CONNECTIONS INC	$239,000	–	2,000	–	0.03%	–
WY	New	WEYERHAEUSER CO	$232,000	–	6,729	–	0.03%	–
HPQ	New	HP INC	$236,000	–	7,819	–	0.03%	–
WTM	New	WHITE MOUNTAINS INS.	$228,000	–	199	–	0.03%	–
SWK	New	STANLEY BLACK & DECKER	$214,000	–	1,046	–	0.02%	–
AEP	New	AMERICAN ELECTRIC POWER	$220,000	–	2,606	–	0.02%	–
GHC	New	GRAHAM HOLDINGS CO.	$219,000	–	346	–	0.02%	–
QCOM	New	QUALCOMM INC	$207,000	–	1,450	–	0.02%	–
HOG	New	HARLEY DAVIDSON INC	$211,000	–	4,600	–	0.02%	–
MO	New	ALTRIA GROUP	$210,000	–	4,400	–	0.02%	–
NYT	New	NEW YORK TIMES CL A	$209,000	–	4,800	–	0.02%	–
CTAS	New	CINTAS CORP	$206,000	–	540	–	0.02%	–

Q4 2020

			Value		Shares		↓ Weighting
PEAK	Exit	HEALTH PEAK PROPERTIES INC	$0	–	-7,524	–	-0.03%	–
NYT	Exit	NEW YORK TIMES CL A	$0	–	-4,800	–	-0.03%	–
AEP	Exit	AMERICAN ELECTRIC POWER	$0	–	-2,606	–	-0.03%	–
TJX	Exit	THE TJX COMPANIES	$0	–	-4,000	–	-0.03%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-5,709	–	-0.04%	–
PSX	Exit	PHILLIPS 66	$0	–	-4,542	–	-0.04%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GROU	$0	–	-4,490	–	-0.04%	–
DOV	Exit	DOVER CORPORATION	$0	–	-2,285	–	-0.04%	–
DE	Exit	DEERE AND CO.	$0	–	-1,125	–	-0.04%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-2,073	–	-0.04%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-2,500	–	-0.04%	–
XLU	Exit	SELECT SECTOR SPDR TR UTILITIE	$0	–	-4,500	–	-0.04%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-4,797	–	-0.04%	–
NSRGY	Exit	NESTLE SA REG ADR	$0	–	-2,303	–	-0.04%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-6,222	–	-0.04%	–
UN	Exit	UNILEVER	$0	–	-4,800	–	-0.04%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-10,539	–	-0.04%	–
EFA	Exit	ISHARES MSCI EAFE INDEX	$0	–	-4,720	–	-0.04%	–
FISV	Exit	FISERV INC	$0	–	-3,090	–	-0.05%	–
LIN	Exit	LINDE PLC	$0	–	-1,350	–	-0.05%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-1,531	–	-0.05%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-2,400	–	-0.05%	–
MDT	Exit	MEDTRONIC INC	$0	–	-3,198	–	-0.05%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-5,987	–	-0.05%	–
MAN	Exit	MANPOWER INC WISCONSIN	$0	–	-4,724	–	-0.05%	–
DTE	Exit	DTE ENERGY	$0	–	-3,011	–	-0.05%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-4,943	–	-0.06%	–
SPY	Exit	SPDR S&P 500 ETF	$0	–	-1,128	–	-0.06%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-3,644	–	-0.06%	–
APD	Exit	AIR PRODUCTS & CHEMICALS	$0	–	-1,368	–	-0.06%	–
TRV	Exit	THE TRAVELERS COS INC	$0	–	-3,939	–	-0.06%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC.	$0	–	-3,260	–	-0.07%	–
BEN	Exit	FRANKLIN RESOURCES INC	$0	–	-22,585	–	-0.07%	–
CL	Exit	COLGATE-PALMOLIVE COMPANY	$0	–	-5,952	–	-0.07%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-7,950	–	-0.07%	–
ORCL	Exit	ORACLE CORP	$0	–	-8,510	–	-0.08%	–
CARR	Exit	CARRIER GLOBAL	$0	–	-16,847	–	-0.08%	–
CSX	Exit	C S X CORPORATION	$0	–	-7,000	–	-0.08%	–
SJM	Exit	SMUCKER J.M. CO	$0	–	-5,006	–	-0.09%	–
MS	Exit	MORGAN STANLEY & CO	$0	–	-12,248	–	-0.09%	–
ALL	Exit	ALLSTATE CORPORATION	$0	–	-6,483	–	-0.09%	–
UDR	Exit	UDR INC	$0	–	-19,317	–	-0.09%	–
VWO	Exit	VANGUARD EMERGING MARKETS ETF	$0	–	-14,634	–	-0.10%	–
TMO	Exit	THERMO FISHER SCIENTIFIC	$0	–	-1,470	–	-0.10%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-19,175	–	-0.10%	–
OTIS	Exit	OTIS WORLDWIDE INC	$0	–	-10,559	–	-0.10%	–
GOOGL	Exit	ALPHABET INC VOTING CL A	$0	–	-488	–	-0.11%	–
ENB	Exit	ENBRIDGE INC.	$0	–	-24,567	–	-0.11%	–
LLY	Exit	ELI LILLY & CO	$0	–	-4,822	–	-0.11%	–
CABO	Exit	CABLE ONE INC	$0	–	-387	–	-0.11%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-12,174	–	-0.11%	–
FRT	Exit	FEDERAL REALTY INV TR S B I	$0	–	-10,614	–	-0.12%	–
GLW	Exit	CORNING INC.	$0	–	-24,300	–	-0.12%	–
MSI	Exit	MOTOROLA SOLUTIONS, INC	$0	–	-5,084	–	-0.12%	–
NTRS	Exit	NORTHERN TRUST CORP	$0	–	-10,400	–	-0.12%	–
VNQ	Exit	VANGUARD REIT ETF	$0	–	-10,410	–	-0.12%	–
VOO	Exit	VANGUARD S&P ETF	$0	–	-2,730	–	-0.13%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CLA	$0	–	-4,010	–	-0.13%	–
TGT	Exit	TARGET CORP	$0	–	-5,454	–	-0.13%	–
LMT	Exit	LOCKHEED MARTIN	$0	–	-2,287	–	-0.13%	–
BMY	Exit	BRISTOL-MYERS SQUIBB COMPANY	$0	–	-14,839	–	-0.13%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-6,388	–	-0.13%	–
DHR	Exit	DANAHER CORP	$0	–	-4,180	–	-0.14%	–
EMR	Exit	EMERSON ELECTRIC CO.	$0	–	-14,206	–	-0.14%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKET	$0	–	-24,266	–	-0.15%	–
BAC	Exit	BANK OF AMERICA	$0	–	-41,992	–	-0.15%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-165,165	–	-0.15%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-7,758	–	-0.17%	–
WRI	Exit	WEINGARTEN REALTY INVS S B I	$0	–	-66,109	–	-0.17%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-18,282	–	-0.17%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-24,876	–	-0.17%	–
INTU	Exit	INTUIT INC	$0	–	-3,600	–	-0.18%	–
MTB	Exit	M & T BANK CORP	$0	–	-13,550	–	-0.19%	–
AMGN	Exit	AMGEN INC	$0	–	-4,946	–	-0.19%	–
LH	Exit	LABORATORY CORP OF AMERICA	$0	–	-6,729	–	-0.19%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-36,945	–	-0.20%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-15,921	–	-0.21%	–
HD	Exit	HOME DEPOT	$0	–	-5,090	–	-0.21%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE, INC.	$0	–	-40,780	–	-0.22%	–
WRE	Exit	WASH REAL ESTATE INV TRUST S B	$0	–	-74,855	–	-0.23%	–
ABBV	Exit	ABBVIE INC	$0	–	-17,577	–	-0.23%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-35,349	–	-0.23%	–
BA	Exit	BOEING	$0	–	-9,598	–	-0.24%	–
HSY	Exit	HERSHEY COMPANY	$0	–	-11,762	–	-0.25%	–
QQQ	Exit	POWERSHARES QQQ TR ETF SERIES	$0	–	-6,211	–	-0.26%	–
T	Exit	AT&T CORP NEW	$0	–	-60,826	–	-0.26%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-19,819	–	-0.28%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-40,728	–	-0.30%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-19,657	–	-0.36%	–
WFC	Exit	WELLS FARGO & CO. NEW	$0	–	-107,891	–	-0.38%	–
K	Exit	KELLOGG COMPANY	$0	–	-41,086	–	-0.40%	–
SO	Exit	SOUTHERN COMPANY (THE)	$0	–	-49,755	–	-0.40%	–
AXP	Exit	AMERICAN EXPRESS INC	$0	–	-27,515	–	-0.41%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET	$0	–	-16,360	–	-0.42%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-20,587	–	-0.46%	–
MMM	Exit	3M CO.	$0	–	-21,504	–	-0.52%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DEL CLA	$0	–	-11	–	-0.53%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-21,783	–	-0.54%	–
CVX	Exit	CHEVRON CORP	$0	–	-54,683	–	-0.59%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-70,262	–	-0.63%	–
D	Exit	DOMINION RESOURCES INC OF VA	$0	–	-54,347	–	-0.64%	–
VB	Exit	VANGUARD SMALL CAP ETF	$0	–	-28,224	–	-0.65%	–
IWM	Exit	ISHARES RUSSELL 2000 IDX	$0	–	-30,138	–	-0.68%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-81,332	–	-0.70%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-143,548	–	-0.74%	–
CAT	Exit	CATERPILLAR INCORPORATED	$0	–	-36,091	–	-0.81%	–
MAR	Exit	MARRIOTT INTERNATIONAL, NEW IN	$0	–	-60,701	–	-0.84%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-149,228	–	-0.88%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-21,370	–	-0.89%	–
VO	Exit	VANGUARD MID CAP ETF	$0	–	-35,430	–	-0.94%	–
MRK	Exit	MERCK & COMPANY INCORPORATED N	$0	–	-77,855	–	-0.97%	–
WTRG	Exit	ESSENTIAL UTILITIES INC	$0	–	-163,096	–	-0.98%	–
IWR	Exit	ISHARES RUSSELL MIDCAP INDEX	$0	–	-116,599	–	-1.00%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-34,142	–	-1.01%	–
INTC	Exit	INTEL CORP COM	$0	–	-135,410	–	-1.05%	–
FDX	Exit	FEDEX CORP	$0	–	-28,269	–	-1.06%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-14,558	–	-1.07%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-23,247	–	-1.08%	–
IBB	Exit	ISHARES NASDAQ BIOTECH INDEX	$0	–	-55,373	–	-1.12%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-62,702	–	-1.16%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-92,657	–	-1.34%	–
GOOG	Exit	ALPHABET INC NON-VOTING CL C	$0	–	-6,385	–	-1.40%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-90,004	–	-1.47%	–
BDX	Exit	BECTON DICKINSON	$0	–	-42,475	–	-1.48%	–
ITW	Exit	ILLINOIS TOOL WORKS INC.	$0	–	-61,513	–	-1.78%	–
MCD	Exit	MC DONALD'S CORPORATION	$0	–	-55,344	–	-1.82%	–
TROW	Exit	T ROWE PRICE GROUP INC.	$0	–	-95,676	–	-1.84%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-90,127	–	-1.87%	–
V	Exit	VISA INC CLASS A	$0	–	-62,647	–	-1.88%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-145,044	–	-2.04%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-4,330	–	-2.04%	–
CC	Exit	CHEMOURS CO	$0	–	-702,885	–	-2.20%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-105,960	–	-2.36%	–
LOW	Exit	LOWES COS	$0	–	-98,629	–	-2.45%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-127,318	–	-2.65%	–
AAPL	Exit	APPLE INC	$0	–	-180,105	–	-3.12%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-123,146	–	-3.88%	–
CTVA	Exit	CORTEVA INC	$0	–	-1,064,220	–	-4.59%	–
DOW	Exit	DOW CHEMICAL COMPANY (THE)	$0	–	-1,099,661	–	-7.75%	–
DD	Exit	DU PONT (E.I.) DE NEMOURS & CO	$0	–	-1,101,912	–	-9.15%	–
VGT	Exit	VANGUARD INFORMATION TECHNOLOG	$0	–	-197,099	–	-9.19%	–

Q3 2020

			Value		Shares		↓ Weighting
VGT	Sell	VANGUARD INFORMATION TECHNOLOG	$61,387,000	+10.7%	197,099	-0.9%	9.19%	+2.0%
DD	Sell	DU PONT (E.I.) DE NEMOURS & CO	$61,134,000	+4.4%	1,101,912	-0.1%	9.15%	-3.9%
DOW	Sell	DOW CHEMICAL COMPANY (THE)	$51,739,000	+15.3%	1,099,661	-0.1%	7.75%	+6.2%
CTVA	Sell	CORTEVA INC	$30,660,000	+7.5%	1,064,220	-0.1%	4.59%	-1.0%
MSFT	Sell	MICROSOFT CORPORATION	$25,901,000	+2.9%	123,146	-0.4%	3.88%	-5.2%
AAPL	Buy	APPLE INC	$20,858,000	+32.5%	180,105	+317.3%	3.12%	+22.0%
PG	Sell	PROCTER & GAMBLE COMPANY	$17,696,000	+16.2%	127,318	-0.1%	2.65%	+6.9%
LOW	Sell	LOWES COS	$16,359,000	+19.8%	98,629	-2.4%	2.45%	+10.3%
JNJ	Buy	JOHNSON & JOHNSON	$15,775,000	+6.7%	105,960	+0.8%	2.36%	-1.7%
AMZN	Sell	AMAZON.COM INC	$13,634,000	+13.9%	4,330	-0.2%	2.04%	+4.9%
CHD	Sell	CHURCH & DWIGHT CO INC	$13,592,000	+19.9%	145,044	-1.1%	2.04%	+10.4%
V	Sell	VISA INC CLASS A	$12,528,000	+3.1%	62,647	-0.4%	1.88%	-5.0%
PEP	Sell	PEPSICO INCORPORATED	$12,492,000	+4.7%	90,127	-0.1%	1.87%	-3.6%
TROW	Sell	T ROWE PRICE GROUP INC.	$12,268,000	+2.8%	95,676	-1.0%	1.84%	-5.3%
MCD	Sell	MC DONALD'S CORPORATION	$12,147,000	+18.9%	55,344	-0.1%	1.82%	+9.5%
ITW	Sell	ILLINOIS TOOL WORKS INC.	$11,885,000	+9.1%	61,513	-1.3%	1.78%	+0.5%
BDX	Buy	BECTON DICKINSON	$9,883,000	-2.1%	42,475	+0.7%	1.48%	-9.8%
ABT	Buy	ABBOTT LABORATORIES	$9,795,000	+19.7%	90,004	+0.5%	1.47%	+10.1%
GOOG	Buy	ALPHABET INC NON-VOTING CL C	$9,383,000	+5.5%	6,385	+1.5%	1.40%	-2.8%
JPM	Buy	JPMORGAN CHASE & CO.	$8,920,000	+3.0%	92,657	+0.6%	1.34%	-5.2%
DIS	Buy	WALT DISNEY COMPANY	$7,780,000	+13.0%	62,702	+1.5%	1.16%	+4.0%
IBB	Buy	ISHARES NASDAQ BIOTECH INDEX	$7,498,000	+3.0%	55,373	+4.0%	1.12%	-5.1%
UNH	Sell	UNITED HEALTHCARE CORP	$7,248,000	+4.9%	23,247	-0.7%	1.08%	-3.4%
ADBE	Buy	ADOBE SYSTEMS INCORPORATED	$7,140,000	+13.0%	14,558	+0.3%	1.07%	+4.1%
FDX	Sell	FEDEX CORP	$7,110,000	+78.6%	28,269	-0.5%	1.06%	+64.5%
INTC	Buy	INTEL CORP COM	$7,012,000	-10.4%	135,410	+3.5%	1.05%	-17.5%
UNP	Buy	UNION PACIFIC CORP	$6,722,000	+16.6%	34,142	+0.1%	1.01%	+7.4%
IWR	Sell	ISHARES RUSSELL MIDCAP INDEX	$6,690,000	+5.7%	116,599	-1.3%	1.00%	-2.6%
WTRG	Buy	ESSENTIAL UTILITIES INC	$6,565,000	-3.5%	163,096	+1.2%	0.98%	-11.1%
MRK	Buy	MERCK & COMPANY INCORPORATED N	$6,458,000	+9.4%	77,855	+2.0%	0.97%	+0.8%
VO	Buy	VANGUARD MID CAP ETF	$6,245,000	+8.8%	35,430	+1.2%	0.94%	+0.2%
NEE	Buy	NEXTERA ENERGY	$5,932,000	+16.6%	21,370	+0.8%	0.89%	+7.4%
CSCO	Buy	CISCO SYSTEMS INC	$5,878,000	-12.0%	149,228	+4.2%	0.88%	-19.0%
MAR	Buy	MARRIOTT INTERNATIONAL, NEW IN	$5,620,000	+16.1%	60,701	+7.5%	0.84%	+6.9%
CAT	Sell	CATERPILLAR INCORPORATED	$5,383,000	+17.6%	36,091	-0.2%	0.81%	+8.3%
XOM	Sell	EXXON MOBIL CORPORATION	$4,928,000	-23.9%	143,548	-0.8%	0.74%	-29.8%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$4,680,000	-6.0%	81,332	+0.7%	0.70%	-13.3%
IWM	Sell	ISHARES RUSSELL 2000 IDX	$4,514,000	+3.3%	30,138	-1.2%	0.68%	-4.8%
VB	Buy	VANGUARD SMALL CAP ETF	$4,341,000	+7.1%	28,224	+1.5%	0.65%	-1.4%
D	Buy	DOMINION RESOURCES INC OF VA	$4,290,000	-2.2%	54,347	+0.6%	0.64%	-10.0%
VZ	Buy	VERIZON COMMUNICATIONS	$4,180,000	+9.7%	70,262	+1.7%	0.63%	+1.1%
CVX	Sell	CHEVRON CORP	$3,937,000	-20.5%	54,683	-1.5%	0.59%	-26.8%
HON	Buy	HONEYWELL INTERNATIONAL INC	$3,586,000	+26.4%	21,783	+11.1%	0.54%	+16.5%
MMM	Buy	3M CO.	$3,445,000	+6.5%	21,504	+3.7%	0.52%	-1.9%
VTI	Sell	VANGUARD TOTAL STOCK MARKET	$2,786,000	+4.7%	16,360	-3.8%	0.42%	-3.7%
AXP	Buy	AMERICAN EXPRESS INC	$2,758,000	+7.4%	27,515	+2.0%	0.41%	-1.2%
SO	Sell	SOUTHERN COMPANY (THE)	$2,698,000	+3.6%	49,755	-0.9%	0.40%	-4.5%
K	Buy	KELLOGG COMPANY	$2,654,000	-0.9%	41,086	+1.4%	0.40%	-8.7%
WFC	Buy	WELLS FARGO & CO. NEW	$2,537,000	-7.5%	107,891	+0.7%	0.38%	-14.8%
IBM	Buy	INTERNATIONAL BUSINESS MACHINE	$2,392,000	+2.1%	19,657	+1.3%	0.36%	-6.0%
KO	Buy	COCA-COLA COMPANY	$2,011,000	+11.4%	40,728	+0.8%	0.30%	+2.7%
ATO	Buy	ATMOS ENERGY CORP	$1,894,000	+0.4%	19,819	+4.6%	0.28%	-7.5%
T	Sell	AT&T CORP NEW	$1,734,000	-5.7%	60,826	-0.0%	0.26%	-13.0%
BA	Sell	BOEING	$1,586,000	-10.3%	9,598	-0.5%	0.24%	-17.4%
ABBV	Sell	ABBVIE INC	$1,540,000	-11.2%	17,577	-0.6%	0.23%	-18.1%
XRAY	Sell	DENTSPLY SIRONA INC	$1,546,000	-3.9%	35,349	-3.2%	0.23%	-11.8%
WRE	Sell	WASH REAL ESTATE INV TRUST S B	$1,507,000	-17.7%	74,855	-9.2%	0.23%	-24.2%
WBA	Sell	WALGREENS BOOTS ALLIANCE, INC.	$1,465,000	-36.7%	40,780	-25.3%	0.22%	-41.8%
HD	Buy	HOME DEPOT	$1,414,000	+18.3%	5,090	+6.7%	0.21%	+9.3%
LH	Buy	LABORATORY CORP OF AMERICA	$1,267,000	+18.0%	6,729	+4.1%	0.19%	+8.6%
WRI	Sell	WEINGARTEN REALTY INVS S B I	$1,121,000	-20.9%	66,109	-11.7%	0.17%	-27.0%
TXN	Buy	TEXAS INSTRUMENTS	$1,108,000	+33.3%	7,758	+18.5%	0.17%	+23.0%
GE	Sell	GENERAL ELECTRIC COMPANY	$1,029,000	-13.5%	165,165	-5.1%	0.15%	-20.2%
BAC	Buy	BANK OF AMERICA	$1,012,000	+1.9%	41,992	+0.5%	0.15%	-5.6%
VEA	Sell	VANGUARD FTSE DEVELOPED MARKET	$992,000	+3.1%	24,266	-2.2%	0.15%	-4.5%
BMY	Sell	BRISTOL-MYERS SQUIBB COMPANY	$895,000	-0.8%	14,839	-3.3%	0.13%	-8.8%
WMT	Buy	WAL-MART STORES INC	$894,000	+43.3%	6,388	+22.7%	0.13%	+32.7%
LMT	Sell	LOCKHEED MARTIN	$877,000	+2.2%	2,287	-2.8%	0.13%	-5.8%
TGT	Sell	TARGET CORP	$859,000	+29.4%	5,454	-1.4%	0.13%	+19.4%
BRKB	Sell	BERKSHIRE HATHAWAY INC DEL CLA	$854,000	-4.5%	4,010	-20.0%	0.13%	-11.7%
VOO	Sell	VANGUARD S&P ETF	$840,000	-11.6%	2,730	-18.5%	0.13%	-18.2%
VNQ	Buy	VANGUARD REIT ETF	$822,000	+47.3%	10,410	+46.4%	0.12%	+35.2%
FRT	Sell	FEDERAL REALTY INV TR S B I	$780,000	-14.3%	10,614	-0.6%	0.12%	-20.9%
GIS	Buy	GENERAL MILLS INC	$751,000	+1.3%	12,174	+1.3%	0.11%	-6.7%
CABO	Buy	CABLE ONE INC	$730,000	+9.1%	387	+2.7%	0.11%	0.0%
ENB	Buy	ENBRIDGE INC.	$717,000	-3.0%	24,567	+1.2%	0.11%	-10.8%
OTIS	Sell	OTIS WORLDWIDE INC	$659,000	+0.2%	10,559	-8.8%	0.10%	-7.5%
UDR	Buy	UDR INC	$630,000	-11.9%	19,317	+1.0%	0.09%	-19.0%
MS	Buy	MORGAN STANLEY & CO	$592,000	+1.4%	12,248	+1.3%	0.09%	-6.3%
CARR	Sell	CARRIER GLOBAL	$515,000	+22.0%	16,847	-11.3%	0.08%	+11.6%
ORCL	Buy	ORACLE CORP	$508,000	+15.7%	8,510	+7.1%	0.08%	+7.0%
CL	Sell	COLGATE-PALMOLIVE COMPANY	$459,000	+2.7%	5,952	-2.5%	0.07%	-5.5%
TRV	Sell	THE TRAVELERS COS INC	$426,000	-6.0%	3,939	-0.8%	0.06%	-13.5%
PNC	Sell	PNC FINANCIAL SERVICES GROUP	$401,000	+4.2%	3,644	-0.3%	0.06%	-4.8%
PM	Sell	PHILIP MORRIS INTERNATIONAL	$371,000	+6.6%	4,943	-0.5%	0.06%	-1.8%
MDT	Buy	MEDTRONIC INC	$332,000	+16.9%	3,198	+3.2%	0.05%	+8.7%
LIN	Sell	LINDE PLC	$321,000	+3.9%	1,350	-7.3%	0.05%	-4.0%
EFA	Sell	ISHARES MSCI EAFE INDEX	$300,000	-9.1%	4,720	-13.0%	0.04%	-16.7%
WCN	Sell	WASTE CONNECTIONS INC	$259,000	-7.5%	2,500	-16.7%	0.04%	-15.2%
DE	New	DEERE AND CO.	$249,000	–	1,125	–	0.04%	–
BFS	Exit	SAUL CENTERS INC.	$0	–	-6,978	–	-0.04%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-5,534	–	-0.04%	–
FTV	Exit	FORTIVE CORP	$0	–	-3,938	–	-0.04%	–

Q2 2020

			Value		Shares		↓ Weighting
DD	New	DU PONT (E.I.) DE NEMOURS & CO	$58,585,000	–	1,102,680	–	9.52%	–
VGT	New	VANGUARD INFORMATION TECHNOLOG	$55,436,000	–	198,900	–	9.01%	–
DOW	New	DOW CHEMICAL COMPANY (THE)	$44,886,000	–	1,101,223	–	7.30%	–
CTVA	New	CORTEVA INC	$28,529,000	–	1,064,903	–	4.64%	–
MSFT	New	MICROSOFT CORPORATION	$25,173,000	–	123,695	–	4.09%	–
AAPL	New	APPLE INC	$15,745,000	–	43,162	–	2.56%	–
PG	New	PROCTER & GAMBLE COMPANY	$15,235,000	–	127,417	–	2.48%	–
JNJ	New	JOHNSON & JOHNSON	$14,787,000	–	105,147	–	2.40%	–
LOW	New	LOWES COS	$13,658,000	–	101,081	–	2.22%	–
V	New	VISA INC CLASS A	$12,152,000	–	62,909	–	1.98%	–
AMZN	New	AMAZON.COM INC	$11,968,000	–	4,338	–	1.94%	–
TROW	New	T ROWE PRICE GROUP INC.	$11,937,000	–	96,656	–	1.94%	–
PEP	New	PEPSICO INCORPORATED	$11,927,000	–	90,180	–	1.94%	–
CHD	New	CHURCH & DWIGHT CO INC	$11,336,000	–	146,654	–	1.84%	–
ITW	New	ILLINOIS TOOL WORKS INC.	$10,894,000	–	62,303	–	1.77%	–
CC	New	CHEMOURS CO	$10,789,000	–	702,885	–	1.75%	–
MCD	New	MC DONALD'S CORPORATION	$10,215,000	–	55,374	–	1.66%	–
BDX	New	BECTON DICKINSON	$10,095,000	–	42,192	–	1.64%	–
GOOG	New	ALPHABET INC NON-VOTING CL C	$8,892,000	–	6,290	–	1.44%	–
JPM	New	JPMORGAN CHASE & CO.	$8,661,000	–	92,077	–	1.41%	–
ABT	New	ABBOTT LABORATORIES	$8,186,000	–	89,529	–	1.33%	–
INTC	New	INTEL CORP COM	$7,827,000	–	130,828	–	1.27%	–
IBB	New	ISHARES NASDAQ BIOTECH INDEX	$7,279,000	–	53,251	–	1.18%	–
UNH	New	UNITED HEALTHCARE CORP	$6,908,000	–	23,421	–	1.12%	–
DIS	New	WALT DISNEY COMPANY	$6,888,000	–	61,767	–	1.12%	–
WTRG	New	ESSENTIAL UTILITIES INC	$6,805,000	–	161,105	–	1.11%	–
CSCO	New	CISCO SYSTEMS INC	$6,681,000	–	143,252	–	1.09%	–
XOM	New	EXXON MOBIL CORPORATION	$6,474,000	–	144,768	–	1.05%	–
IWR	New	ISHARES RUSSELL MIDCAP INDEX	$6,331,000	–	118,119	–	1.03%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$6,318,000	–	14,513	–	1.03%	–
MRK	New	MERCK & COMPANY INCORPORATED N	$5,901,000	–	76,305	–	0.96%	–
UNP	New	UNION PACIFIC CORP	$5,766,000	–	34,107	–	0.94%	–
VO	New	VANGUARD MID CAP ETF	$5,740,000	–	35,019	–	0.93%	–
NEE	New	NEXTERA ENERGY	$5,089,000	–	21,190	–	0.83%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$4,977,000	–	80,766	–	0.81%	–
CVX	New	CHEVRON CORP	$4,952,000	–	55,495	–	0.80%	–
MAR	New	MARRIOTT INTERNATIONAL, NEW IN	$4,842,000	–	56,480	–	0.79%	–
CAT	New	CATERPILLAR INCORPORATED	$4,576,000	–	36,176	–	0.74%	–
D	New	DOMINION RESOURCES INC OF VA	$4,388,000	–	54,047	–	0.71%	–
IWM	New	ISHARES RUSSELL 2000 IDX	$4,369,000	–	30,514	–	0.71%	–
VB	New	VANGUARD SMALL CAP ETF	$4,052,000	–	27,808	–	0.66%	–
FDX	New	FEDEX CORP	$3,982,000	–	28,399	–	0.65%	–
VZ	New	VERIZON COMMUNICATIONS	$3,810,000	–	69,112	–	0.62%	–
MMM	New	3M CO.	$3,234,000	–	20,729	–	0.53%	–
BRKA	New	BERKSHIRE HATHAWAY INC DEL CLA	$2,940,000	–	11	–	0.48%	–
KMB	New	KIMBERLY-CLARK CORP	$2,910,000	–	20,587	–	0.47%	–
HON	New	HONEYWELL INTERNATIONAL INC	$2,836,000	–	19,613	–	0.46%	–
WFC	New	WELLS FARGO & CO. NEW	$2,742,000	–	107,101	–	0.45%	–
K	New	KELLOGG COMPANY	$2,678,000	–	40,536	–	0.44%	–
VTI	New	VANGUARD TOTAL STOCK MARKET	$2,661,000	–	17,000	–	0.43%	–
SO	New	SOUTHERN COMPANY (THE)	$2,604,000	–	50,231	–	0.42%	–
AXP	New	AMERICAN EXPRESS INC	$2,569,000	–	26,980	–	0.42%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$2,343,000	–	19,399	–	0.38%	–
WBA	New	WALGREENS BOOTS ALLIANCE, INC.	$2,314,000	–	54,584	–	0.38%	–
ATO	New	ATMOS ENERGY CORP	$1,886,000	–	18,939	–	0.31%	–
T	New	AT&T CORP NEW	$1,839,000	–	60,842	–	0.30%	–
WRE	New	WASH REAL ESTATE INV TRUST S B	$1,831,000	–	82,463	–	0.30%	–
KO	New	COCA-COLA COMPANY	$1,805,000	–	40,400	–	0.29%	–
BA	New	BOEING	$1,768,000	–	9,648	–	0.29%	–
ABBV	New	ABBVIE INC	$1,735,000	–	17,677	–	0.28%	–
XRAY	New	DENTSPLY SIRONA INC	$1,609,000	–	36,519	–	0.26%	–
QQQ	New	POWERSHARES QQQ TR ETF SERIES	$1,538,000	–	6,211	–	0.25%	–
HSY	New	HERSHEY COMPANY	$1,525,000	–	11,762	–	0.25%	–
WRI	New	WEINGARTEN REALTY INVS S B I	$1,417,000	–	74,881	–	0.23%	–
MTB	New	M & T BANK CORP	$1,409,000	–	13,550	–	0.23%	–
DUK	New	DUKE ENERGY CORP	$1,272,000	–	15,921	–	0.21%	–
PFE	New	PFIZER INCORPORATED	$1,208,000	–	36,945	–	0.20%	–
HD	New	HOME DEPOT	$1,195,000	–	4,770	–	0.19%	–
GE	New	GENERAL ELECTRIC COMPANY	$1,189,000	–	174,031	–	0.19%	–
AMGN	New	AMGEN INC	$1,167,000	–	4,946	–	0.19%	–
LH	New	LABORATORY CORP OF AMERICA	$1,074,000	–	6,467	–	0.18%	–
INTU	New	INTUIT INC	$1,066,000	–	3,600	–	0.17%	–
SYY	New	SYSCO CORPORATION	$999,000	–	18,282	–	0.16%	–
BAC	New	BANK OF AMERICA	$993,000	–	41,792	–	0.16%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$993,000	–	24,876	–	0.16%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKET	$962,000	–	24,811	–	0.16%	–
VOO	New	VANGUARD S&P ETF	$950,000	–	3,350	–	0.15%	–
FRT	New	FEDERAL REALTY INV TR S B I	$910,000	–	10,679	–	0.15%	–
BMY	New	BRISTOL-MYERS SQUIBB COMPANY	$902,000	–	15,339	–	0.15%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CLA	$894,000	–	5,010	–	0.14%	–
EMR	New	EMERSON ELECTRIC CO.	$881,000	–	14,206	–	0.14%	–
LMT	New	LOCKHEED MARTIN	$858,000	–	2,352	–	0.14%	–
TXN	New	TEXAS INSTRUMENTS	$831,000	–	6,548	–	0.14%	–
NTRS	New	NORTHERN TRUST CORP	$825,000	–	10,400	–	0.13%	–
LLY	New	ELI LILLY & CO	$792,000	–	4,822	–	0.13%	–
ENB	New	ENBRIDGE INC.	$739,000	–	24,280	–	0.12%	–
DHR	New	DANAHER CORP	$739,000	–	4,180	–	0.12%	–
GIS	New	GENERAL MILLS INC	$741,000	–	12,014	–	0.12%	–
BK	New	BANK OF NEW YORK MELLON CORP	$741,000	–	19,175	–	0.12%	–
MSI	New	MOTOROLA SOLUTIONS, INC	$712,000	–	5,084	–	0.12%	–
UDR	New	UDR INC	$715,000	–	19,117	–	0.12%	–
GOOGL	New	ALPHABET INC VOTING CL A	$692,000	–	488	–	0.11%	–
CABO	New	CABLE ONE INC	$669,000	–	377	–	0.11%	–
TGT	New	TARGET CORP	$664,000	–	5,534	–	0.11%	–
OTIS	New	OTIS WORLDWIDE INC	$658,000	–	11,580	–	0.11%	–
ALL	New	ALLSTATE CORPORATION	$629,000	–	6,483	–	0.10%	–
GLW	New	CORNING INC.	$629,000	–	24,300	–	0.10%	–
WMT	New	WAL-MART STORES INC	$624,000	–	5,207	–	0.10%	–
MS	New	MORGAN STANLEY & CO	$584,000	–	12,088	–	0.10%	–
VWO	New	VANGUARD EMERGING MARKETS ETF	$580,000	–	14,634	–	0.09%	–
VNQ	New	VANGUARD REIT ETF	$558,000	–	7,110	–	0.09%	–
TMO	New	THERMO FISHER SCIENTIFIC	$533,000	–	1,470	–	0.09%	–
SJM	New	SMUCKER J.M. CO	$530,000	–	5,006	–	0.09%	–
CVS	New	CVS CAREMARK CORPORATION	$517,000	–	7,950	–	0.08%	–
CSX	New	C S X CORPORATION	$488,000	–	7,000	–	0.08%	–
BEN	New	FRANKLIN RESOURCES INC	$474,000	–	22,585	–	0.08%	–
TRV	New	THE TRAVELERS COS INC	$453,000	–	3,969	–	0.07%	–
CL	New	COLGATE-PALMOLIVE COMPANY	$447,000	–	6,102	–	0.07%	–
ORCL	New	ORACLE CORP	$439,000	–	7,949	–	0.07%	–
CARR	New	CARRIER GLOBAL	$422,000	–	18,992	–	0.07%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$385,000	–	3,656	–	0.06%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC.	$389,000	–	3,260	–	0.06%	–
SPY	New	SPDR S&P 500 ETF	$348,000	–	1,128	–	0.06%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$348,000	–	4,968	–	0.06%	–
APD	New	AIR PRODUCTS & CHEMICALS	$330,000	–	1,368	–	0.05%	–
EFA	New	ISHARES MSCI EAFE INDEX	$330,000	–	5,424	–	0.05%	–
MAN	New	MANPOWER INC WISCONSIN	$325,000	–	4,724	–	0.05%	–
DTE	New	DTE ENERGY	$324,000	–	3,011	–	0.05%	–
PSX	New	PHILLIPS 66	$327,000	–	4,542	–	0.05%	–
LIN	New	LINDE PLC	$309,000	–	1,457	–	0.05%	–
FISV	New	FISERV INC	$302,000	–	3,090	–	0.05%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$300,000	–	5,987	–	0.05%	–
MDT	New	MEDTRONIC INC	$284,000	–	3,098	–	0.05%	–
WCN	New	WASTE CONNECTIONS INC	$280,000	–	3,000	–	0.05%	–
VMC	New	VULCAN MATERIALS CO	$278,000	–	2,400	–	0.04%	–
NSC	New	NORFOLK SOUTHERN CORP	$269,000	–	1,531	–	0.04%	–
FTV	New	FORTIVE CORP	$266,000	–	3,938	–	0.04%	–
UN	New	UNILEVER	$256,000	–	4,800	–	0.04%	–
NSRGY	New	NESTLE SA REG ADR	$254,000	–	2,303	–	0.04%	–
XLU	New	SELECT SECTOR SPDR TR UTILITIE	$254,000	–	4,500	–	0.04%	–
MDLZ	New	MONDELEZ INTL INC	$245,000	–	4,797	–	0.04%	–
CMCSA	New	COMCAST CORP NEW CL A	$243,000	–	6,222	–	0.04%	–
WY	New	WEYERHAEUSER CO	$237,000	–	10,539	–	0.04%	–
COP	New	CONOCOPHILLIPS	$233,000	–	5,534	–	0.04%	–
BFS	New	SAUL CENTERS INC.	$225,000	–	6,978	–	0.04%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GROU	$221,000	–	4,490	–	0.04%	–
DOV	New	DOVER CORPORATION	$221,000	–	2,285	–	0.04%	–
PEAK	New	HEALTH PEAK PROPERTIES INC	$207,000	–	7,524	–	0.03%	–
AEP	New	AMERICAN ELECTRIC POWER	$208,000	–	2,606	–	0.03%	–
NYT	New	NEW YORK TIMES CL A	$202,000	–	4,800	–	0.03%	–
TJX	New	THE TJX COMPANIES	$202,000	–	4,000	–	0.03%	–
IP	New	INTERNATIONAL PAPER CO	$201,000	–	5,709	–	0.03%	–
NKE	New	NIKE INC CLASS B	$203,000	–	2,073	–	0.03%	–

Q4 2019

			Value		Shares		↓ Weighting
COCBF	Exit	COASTAL CARIBBEAN OILS & MINER	$0	–	-69,910	–	0.00%	–
WTM	Exit	WHITE MOUNTAINS INS.	$0	–	-199	–	-0.03%	–
DE	Exit	DEERE AND CO.	$0	–	-1,250	–	-0.03%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-1,100	–	-0.03%	–
TJX	Exit	THE TJX COMPANIES	$0	–	-4,000	–	-0.03%	–
DOV	Exit	DOVER CORPORATION	$0	–	-2,285	–	-0.04%	–
YUM	Exit	YUM BRANDS INC	$0	–	-1,995	–	-0.04%	–
KEY	Exit	KEYCORP	$0	–	-12,600	–	-0.04%	–
GHC	Exit	GRAHAM HOLDINGS CO.	$0	–	-349	–	-0.04%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-5,709	–	-0.04%	–
EXC	Exit	EXELON CORP	$0	–	-4,936	–	-0.04%	–
AEP	Exit	AMERICAN ELECTRIC POWER	$0	–	-2,606	–	-0.04%	–
USB	Exit	US BANCORP DEL (NEW)	$0	–	-4,585	–	-0.04%	–
NSRGY	Exit	NESTLE SA REG ADR	$0	–	-2,303	–	-0.04%	–
HCP	Exit	HEALTH CARE PPTY INVS	$0	–	-7,524	–	-0.04%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-4,797	–	-0.04%	–
BP	Exit	BP PLC SPONS ADR	$0	–	-7,000	–	-0.04%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-1,531	–	-0.04%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GROU	$0	–	-4,525	–	-0.04%	–
UN	Exit	UNILEVER	$0	–	-4,800	–	-0.04%	–
BLL	Exit	BALL CORP	$0	–	-3,900	–	-0.04%	–
XLU	Exit	SELECT SECTOR SPDR TR UTILITIE	$0	–	-4,500	–	-0.04%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-10,539	–	-0.04%	–
APD	Exit	AIR PRODUCTS & CHEMICALS	$0	–	-1,368	–	-0.05%	–
FTV	Exit	FORTIVE CORP	$0	–	-4,488	–	-0.05%	–
FISV	Exit	FISERV INC	$0	–	-3,090	–	-0.05%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-5,534	–	-0.05%	–
SPY	Exit	SPDR S&P 500 ETF	$0	–	-1,128	–	-0.05%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-3,800	–	-0.05%	–
EFA	Exit	ISHARES MSCI EAFE INDEX	$0	–	-5,584	–	-0.06%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-2,400	–	-0.06%	–
LIN	Exit	LINDE PLC	$0	–	-1,907	–	-0.06%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-4,968	–	-0.06%	–
BFS	Exit	SAUL CENTERS INC.	$0	–	-6,978	–	-0.06%	–
MAN	Exit	MANPOWER INC WISCONSIN	$0	–	-4,724	–	-0.06%	–
DTE	Exit	DTE ENERGY	$0	–	-3,011	–	-0.06%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-3,492	–	-0.06%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-9,632	–	-0.07%	–
ORCL	Exit	ORACLE CORP	$0	–	-7,949	–	-0.07%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC.	$0	–	-3,340	–	-0.07%	–
CL	Exit	COLGATE-PALMOLIVE COMPANY	$0	–	-6,252	–	-0.07%	–
TMO	Exit	THERMO FISHER SCIENTIFIC	$0	–	-1,595	–	-0.07%	–
PSX	Exit	PHILLIPS 66	$0	–	-4,638	–	-0.07%	–
CABO	Exit	CABLE ONE INC	$0	–	-377	–	-0.07%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-5,892	–	-0.07%	–
MDT	Exit	MEDTRONIC INC	$0	–	-4,442	–	-0.08%	–
CSX	Exit	C S X CORPORATION	$0	–	-7,000	–	-0.08%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-8,050	–	-0.08%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-3,659	–	-0.08%	–
MS	Exit	MORGAN STANLEY & CO	$0	–	-12,088	–	-0.08%	–
LLY	Exit	ELI LILLY & CO	$0	–	-4,833	–	-0.08%	–
SJM	Exit	SMUCKER J.M. CO	$0	–	-5,006	–	-0.08%	–
GOOGL	Exit	ALPHABET INC VOTING CL A	$0	–	-490	–	-0.09%	–
DHR	Exit	DANAHER CORP	$0	–	-4,225	–	-0.09%	–
TGT	Exit	TARGET CORP	$0	–	-5,756	–	-0.10%	–
TRV	Exit	THE TRAVELERS COS INC	$0	–	-4,127	–	-0.10%	–
BEN	Exit	FRANKLIN RESOURCES INC	$0	–	-22,585	–	-0.10%	–
VNQ	Exit	VANGUARD REIT ETF	$0	–	-7,110	–	-0.10%	–
GLW	Exit	CORNING INC.	$0	–	-24,300	–	-0.11%	–
ALL	Exit	ALLSTATE CORPORATION	$0	–	-6,483	–	-0.11%	–
VWO	Exit	VANGUARD EMERGING MARKETS ETF	$0	–	-17,924	–	-0.11%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CLA	$0	–	-3,510	–	-0.11%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-13,614	–	-0.12%	–
BMY	Exit	BRISTOL-MYERS SQUIBB COMPANY	$0	–	-16,023	–	-0.13%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-6,548	–	-0.13%	–
MSI	Exit	MOTOROLA SOLUTIONS, INC	$0	–	-5,184	–	-0.14%	–
VOO	Exit	VANGUARD S&P ETF	$0	–	-3,350	–	-0.14%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-20,179	–	-0.14%	–
LMT	Exit	LOCKHEED MARTIN	$0	–	-2,412	–	-0.14%	–
ENB	Exit	ENBRIDGE INC.	$0	–	-26,714	–	-0.14%	–
EMR	Exit	EMERSON ELECTRIC CO.	$0	–	-14,206	–	-0.15%	–
INTU	Exit	INTUIT INC	$0	–	-3,600	–	-0.15%	–
NTRS	Exit	NORTHERN TRUST CORP	$0	–	-10,400	–	-0.15%	–
UDR	Exit	UDR INC	$0	–	-20,549	–	-0.15%	–
AMGN	Exit	AMGEN INC	$0	–	-5,183	–	-0.16%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-24,876	–	-0.16%	–
LH	Exit	LABORATORY CORP OF AMERICA	$0	–	-6,147	–	-0.16%	–
HD	Exit	HOME DEPOT	$0	–	-4,891	–	-0.18%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKET	$0	–	-27,699	–	-0.18%	–
QQQ	Exit	POWERSHARES QQQ TR ETF SERIES	$0	–	-6,211	–	-0.18%	–
BAC	Exit	BANK OF AMERICA	$0	–	-41,367	–	-0.19%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-37,522	–	-0.21%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-17,467	–	-0.21%	–
ABBV	Exit	ABBVIE INC	$0	–	-18,526	–	-0.22%	–
FRT	Exit	FEDERAL REALTY INV TR S B I	$0	–	-11,374	–	-0.24%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-16,677	–	-0.25%	–
HSY	Exit	HERSHEY COMPANY	$0	–	-11,787	–	-0.28%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-211,703	–	-0.29%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-17,840	–	-0.31%	–
MTB	Exit	M & T BANK CORP	$0	–	-13,550	–	-0.33%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-41,650	–	-0.34%	–
T	Exit	AT&T CORP NEW	$0	–	-60,253	–	-0.35%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-41,882	–	-0.35%	–
WRI	Exit	WEINGARTEN REALTY INVS S B I	$0	–	-78,382	–	-0.35%	–
WRE	Exit	WASH REAL ESTATE INV TRUST S B	$0	–	-85,555	–	-0.36%	–
K	Exit	KELLOGG COMPANY	$0	–	-41,146	–	-0.41%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET	$0	–	-18,280	–	-0.43%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-17,052	–	-0.45%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-20,633	–	-0.45%	–
MMM	Exit	3M CO.	$0	–	-18,692	–	-0.48%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-21,602	–	-0.48%	–
SO	Exit	SOUTHERN COMPANY (THE)	$0	–	-52,487	–	-0.50%	–
AXP	Exit	AMERICAN EXPRESS INC	$0	–	-28,020	–	-0.51%	–
BA	Exit	BOEING	$0	–	-9,848	–	-0.58%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-14,461	–	-0.62%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DEL CLA	$0	–	-13	–	-0.63%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE, INC.	$0	–	-76,100	–	-0.65%	–
VB	Exit	VANGUARD SMALL CAP ETF	$0	–	-27,658	–	-0.66%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-72,563	–	-0.68%	–
FDX	Exit	FEDEX CORP	$0	–	-30,658	–	-0.69%	–
D	Exit	DOMINION RESOURCES INC OF VA	$0	–	-55,757	–	-0.70%	–
CAT	Exit	CATERPILLAR INCORPORATED	$0	–	-36,471	–	-0.71%	–
IWM	Exit	ISHARES RUSSELL 2000 IDX	$0	–	-30,762	–	-0.72%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-22,608	–	-0.81%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-24,368	–	-0.82%	–
IBB	Exit	ISHARES NASDAQ BIOTECH INDEX	$0	–	-54,551	–	-0.84%	–
WFC	Exit	WELLS FARGO & CO. NEW	$0	–	-111,316	–	-0.87%	–
VO	Exit	VANGUARD MID CAP ETF	$0	–	-34,679	–	-0.90%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-36,783	–	-0.92%	–
MRK	Exit	MERCK & COMPANY INCORPORATED N	$0	–	-75,178	–	-0.98%	–
IWR	Exit	ISHARES RUSSELL MIDCAP INDEX	$0	–	-119,273	–	-1.03%	–
INTC	Exit	INTEL CORP COM	$0	–	-130,134	–	-1.04%	–
MAR	Exit	MARRIOTT INTERNATIONAL, NEW IN	$0	–	-54,706	–	-1.05%	–
CVX	Exit	CHEVRON CORP	$0	–	-58,102	–	-1.06%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-142,707	–	-1.09%	–
WTR	Exit	AQUA AMERICA	$0	–	-164,949	–	-1.14%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-4,357	–	-1.17%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-93,323	–	-1.21%	–
GOOG	Exit	ALPHABET INC NON-VOTING CL C	$0	–	-6,409	–	-1.21%	–
UTX	Exit	UNITED TECHNOLOGIES CORP COM	$0	–	-58,723	–	-1.24%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-63,942	–	-1.29%	–
AAPL	Exit	APPLE INC	$0	–	-42,837	–	-1.48%	–
ITW	Exit	ILLINOIS TOOL WORKS INC.	$0	–	-65,324	–	-1.58%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-151,420	–	-1.65%	–
CC	Exit	CHEMOURS CO	$0	–	-725,976	–	-1.68%	–
BDX	Exit	BECTON DICKINSON	$0	–	-43,127	–	-1.68%	–
V	Exit	VISA INC CLASS A	$0	–	-65,211	–	-1.73%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-95,379	–	-1.73%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-150,963	–	-1.76%	–
TROW	Exit	T ROWE PRICE GROUP INC.	$0	–	-100,329	–	-1.77%	–
LOW	Exit	LOWES COS	$0	–	-106,681	–	-1.81%	–
MCD	Exit	MC DONALD'S CORPORATION	$0	–	-57,684	–	-1.91%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-93,004	–	-1.97%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-108,908	–	-2.18%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-131,099	–	-2.52%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-126,425	–	-2.72%	–
CTVA	Exit	CORTEVA INC	$0	–	-1,106,079	–	-4.78%	–
VGT	Exit	VANGUARD INFORMATION TECHNOLOG	$0	–	-210,434	–	-7.01%	–
DOW	Exit	DOW CHEMICAL COMPANY (THE)	$0	–	-1,104,798	–	-8.13%	–
DD	Exit	DU PONT (E.I.) DE NEMOURS & CO	$0	–	-1,104,897	–	-12.17%	–

Q3 2019

			Value		Shares		↓ Weighting
DD	Sell	DU PONT (E.I.) DE NEMOURS & CO	$78,790,000	-5.1%	1,104,897	-0.1%	12.17%	-1.9%
DOW	Sell	DOW CHEMICAL COMPANY (THE)	$52,644,000	-3.4%	1,104,798	-0.1%	8.13%	-0.2%
VGT	Sell	VANGUARD INFORMATION TECHNOLOG	$45,359,000	+0.4%	210,434	-1.8%	7.01%	+3.7%
CTVA	Buy	CORTEVA INC	$30,970,000	-5.3%	1,106,079	+0.0%	4.78%	-2.1%
MSFT	Sell	MICROSOFT CORPORATION	$17,577,000	+1.5%	126,425	-2.2%	2.72%	+4.9%
PG	Sell	PROCTER & GAMBLE COMPANY	$16,306,000	+10.2%	131,099	-2.9%	2.52%	+13.8%
JNJ	Sell	JOHNSON & JOHNSON	$14,091,000	-10.7%	108,908	-3.8%	2.18%	-7.7%
PEP	Sell	PEPSICO INCORPORATED	$12,751,000	+3.3%	93,004	-1.2%	1.97%	+6.8%
MCD	Sell	MC DONALD'S CORPORATION	$12,385,000	+3.2%	57,684	-0.2%	1.91%	+6.6%
LOW	Sell	LOWES COS	$11,731,000	+6.7%	106,681	-2.1%	1.81%	+10.2%
TROW	Sell	T ROWE PRICE GROUP INC.	$11,463,000	+2.1%	100,329	-2.0%	1.77%	+5.5%
CHD	Sell	CHURCH & DWIGHT CO INC	$11,358,000	+1.9%	150,963	-1.0%	1.76%	+5.3%
JPM	Buy	JPMORGAN CHASE & CO.	$11,225,000	+7.0%	95,379	+1.6%	1.73%	+10.5%
V	Sell	VISA INC CLASS A	$11,217,000	-4.1%	65,211	-3.2%	1.73%	-0.9%
BDX	Sell	BECTON DICKINSON	$10,909,000	-1.1%	43,127	-1.5%	1.68%	+2.1%
CC	Buy	CHEMOURS CO	$10,846,000	-37.7%	725,976	+0.0%	1.68%	-35.7%
XOM	Sell	EXXON MOBIL CORPORATION	$10,692,000	-9.5%	151,420	-1.8%	1.65%	-6.5%
ITW	Sell	ILLINOIS TOOL WORKS INC.	$10,222,000	+1.1%	65,324	-2.5%	1.58%	+4.5%
AAPL	Buy	APPLE INC	$9,594,000	+14.3%	42,837	+1.0%	1.48%	+18.1%
DIS	Buy	WALT DISNEY COMPANY	$8,333,000	-6.1%	63,942	+0.6%	1.29%	-3.0%
UTX	Sell	UNITED TECHNOLOGIES CORP COM	$8,017,000	+2.8%	58,723	-1.9%	1.24%	+6.4%
GOOG	Buy	ALPHABET INC NON-VOTING CL C	$7,813,000	+17.0%	6,409	+3.8%	1.21%	+20.9%
ABT	Sell	ABBOTT LABORATORIES	$7,808,000	-4.7%	93,323	-4.2%	1.21%	-1.6%
AMZN	Buy	AMAZON.COM INC	$7,563,000	-6.3%	4,357	+2.2%	1.17%	-3.2%
WTR	Buy	AQUA AMERICA	$7,395,000	+9.7%	164,949	+1.2%	1.14%	+13.3%
CSCO	Buy	CISCO SYSTEMS INC	$7,051,000	-8.8%	142,707	+1.0%	1.09%	-5.8%
CVX	Sell	CHEVRON CORP	$6,891,000	-8.8%	58,102	-4.4%	1.06%	-5.8%
MAR	Buy	MARRIOTT INTERNATIONAL, NEW IN	$6,804,000	-11.0%	54,706	+0.3%	1.05%	-8.0%
INTC	Buy	INTEL CORP COM	$6,706,000	+8.9%	130,134	+1.2%	1.04%	+12.5%
IWR	Sell	ISHARES RUSSELL MIDCAP INDEX	$6,673,000	-3.8%	119,273	-3.9%	1.03%	-0.6%
MRK	Buy	MERCK & COMPANY INCORPORATED N	$6,328,000	+2.4%	75,178	+2.0%	0.98%	+5.8%
UNP	Buy	UNION PACIFIC CORP	$5,958,000	-4.0%	36,783	+0.3%	0.92%	-0.9%
VO	Buy	VANGUARD MID CAP ETF	$5,812,000	+0.3%	34,679	+0.1%	0.90%	+3.7%
WFC	Sell	WELLS FARGO & CO. NEW	$5,615,000	+2.7%	111,316	-3.6%	0.87%	+6.1%
IBB	Buy	ISHARES NASDAQ BIOTECH INDEX	$5,428,000	-7.4%	54,551	+1.5%	0.84%	-4.2%
UNH	Sell	UNITED HEALTHCARE CORP	$5,296,000	-12.7%	24,368	-2.0%	0.82%	-9.8%
NEE	Buy	NEXTERA ENERGY	$5,268,000	+16.2%	22,608	+2.2%	0.81%	+20.1%
IWM	Sell	ISHARES RUSSELL 2000 IDX	$4,655,000	-7.0%	30,762	-4.4%	0.72%	-3.9%
CAT	Sell	CATERPILLAR INCORPORATED	$4,607,000	-8.2%	36,471	-0.9%	0.71%	-5.1%
D	Buy	DOMINION RESOURCES INC OF VA	$4,519,000	+8.6%	55,757	+3.6%	0.70%	+12.2%
FDX	Sell	FEDEX CORP	$4,463,000	-12.2%	30,658	-1.0%	0.69%	-9.3%
VZ	Buy	VERIZON COMMUNICATIONS	$4,380,000	+10.7%	72,563	+4.8%	0.68%	+14.6%
VB	Sell	VANGUARD SMALL CAP ETF	$4,256,000	-2.0%	27,658	-0.2%	0.66%	+1.2%
WBA	Sell	WALGREENS BOOTS ALLIANCE, INC.	$4,209,000	-2.2%	76,100	-3.3%	0.65%	+1.1%
ADBE	Sell	ADOBE SYSTEMS INCORPORATED	$3,995,000	-8.1%	14,461	-2.0%	0.62%	-5.1%
BA	Sell	BOEING	$3,747,000	+4.0%	9,848	-0.5%	0.58%	+7.4%
AXP	Buy	AMERICAN EXPRESS INC	$3,314,000	-0.2%	28,020	+4.1%	0.51%	+3.0%
SO	Sell	SOUTHERN COMPANY (THE)	$3,242,000	+8.7%	52,487	-2.7%	0.50%	+12.3%
IBM	Sell	INTERNATIONAL BUSINESS MACHINE	$3,141,000	+2.9%	21,602	-2.4%	0.48%	+6.4%
MMM	Buy	3M CO.	$3,073,000	-3.1%	18,692	+2.2%	0.48%	+0.2%
KMB	Sell	KIMBERLY-CLARK CORP	$2,931,000	-1.7%	20,633	-7.8%	0.45%	+1.6%
HON	Buy	HONEYWELL INTERNATIONAL INC	$2,885,000	-3.0%	17,052	+0.1%	0.45%	+0.5%
VTI	Buy	VANGUARD TOTAL STOCK MARKET	$2,760,000	+1.5%	18,280	+0.9%	0.43%	+4.7%
K	Sell	KELLOGG COMPANY	$2,648,000	+17.4%	41,146	-2.3%	0.41%	+21.4%
WRE	Sell	WASH REAL ESTATE INV TRUST S B	$2,341,000	+1.3%	85,555	-1.1%	0.36%	+4.6%
WRI	Sell	WEINGARTEN REALTY INVS S B I	$2,283,000	+4.5%	78,382	-1.6%	0.35%	+8.0%
T	Buy	AT&T CORP NEW	$2,280,000	+13.7%	60,253	+0.6%	0.35%	+17.3%
KO	Buy	COCA-COLA COMPANY	$2,280,000	+8.9%	41,882	+1.9%	0.35%	+12.5%
XRAY	Sell	DENTSPLY SIRONA INC	$2,220,000	-14.1%	41,650	-6.0%	0.34%	-11.1%
ATO	Buy	ATMOS ENERGY CORP	$2,032,000	+12.1%	17,840	+3.9%	0.31%	+15.9%
GE	Sell	GENERAL ELECTRIC COMPANY	$1,893,000	-19.7%	211,703	-5.6%	0.29%	-17.0%
HSY	Sell	HERSHEY COMPANY	$1,827,000	+15.4%	11,787	-0.2%	0.28%	+19.0%
DUK	Buy	DUKE ENERGY CORP	$1,599,000	+11.5%	16,677	+2.6%	0.25%	+15.4%
FRT	Buy	FEDERAL REALTY INV TR S B I	$1,549,000	+8.8%	11,374	+2.8%	0.24%	+12.2%
ABBV	Buy	ABBVIE INC	$1,403,000	+7.5%	18,526	+3.2%	0.22%	+11.3%
SYY	Buy	SYSCO CORPORATION	$1,387,000	+12.4%	17,467	+0.1%	0.21%	+16.3%
PFE	Buy	PFIZER INCORPORATED	$1,348,000	-16.4%	37,522	+0.7%	0.21%	-13.7%
VEA	Sell	VANGUARD FTSE DEVELOPED MARKET	$1,138,000	-6.0%	27,699	-4.6%	0.18%	-2.8%
HD	Sell	HOME DEPOT	$1,135,000	+10.7%	4,891	-0.8%	0.18%	+14.4%
LH	Buy	LABORATORY CORP OF AMERICA	$1,033,000	+4.4%	6,147	+7.4%	0.16%	+8.1%
ADM	Sell	ARCHER DANIELS MIDLAND CO	$1,022,000	-10.9%	24,876	-11.5%	0.16%	-7.6%
AMGN	Buy	AMGEN INC	$1,003,000	+5.1%	5,183	+0.1%	0.16%	+8.4%
EMR	Sell	EMERSON ELECTRIC CO.	$950,000	-0.6%	14,206	-0.9%	0.15%	+2.8%
LMT	Buy	LOCKHEED MARTIN	$941,000	+36.2%	2,412	+26.9%	0.14%	+40.8%
ENB	Sell	ENBRIDGE INC.	$937,000	-2.9%	26,714	-0.1%	0.14%	+0.7%
BK	Sell	BANK OF NEW YORK MELLON CORP	$912,000	-1.0%	20,179	-3.3%	0.14%	+2.2%
TXN	Buy	TEXAS INSTRUMENTS	$846,000	+14.0%	6,548	+1.3%	0.13%	+18.0%
GIS	Sell	GENERAL MILLS INC	$750,000	+2.5%	13,614	-2.4%	0.12%	+6.4%
BRKB	Buy	BERKSHIRE HATHAWAY INC DEL CLA	$730,000	-2.0%	3,510	+0.5%	0.11%	+1.8%
VWO	Sell	VANGUARD EMERGING MARKETS ETF	$722,000	-8.1%	17,924	-3.1%	0.11%	-5.1%
ALL	Sell	ALLSTATE CORPORATION	$705,000	-13.9%	6,483	-19.5%	0.11%	-10.7%
VNQ	Buy	VANGUARD REIT ETF	$663,000	+17.1%	7,110	+9.7%	0.10%	+20.0%
BEN	Buy	FRANKLIN RESOURCES INC	$652,000	-16.7%	22,585	+0.4%	0.10%	-13.7%
TGT	Sell	TARGET CORP	$615,000	+16.3%	5,756	-5.7%	0.10%	+20.3%
GOOGL	Buy	ALPHABET INC VOTING CL A	$598,000	+13.3%	490	+0.4%	0.09%	+16.5%
LLY	Buy	ELI LILLY & CO	$540,000	+1.1%	4,833	+0.2%	0.08%	+3.8%
MS	Sell	MORGAN STANLEY & CO	$516,000	-21.0%	12,088	-18.9%	0.08%	-18.4%
PNC	Buy	PNC FINANCIAL SERVICES GROUP	$513,000	+2.6%	3,659	+0.4%	0.08%	+5.3%
MDT	Sell	MEDTRONIC INC	$483,000	+3.6%	4,442	-7.1%	0.08%	+7.1%
DFS	Sell	DISCOVER FINANCIAL SERVICES	$478,000	-29.0%	5,892	-32.1%	0.07%	-26.7%
PSX	Buy	PHILLIPS 66	$475,000	+9.7%	4,638	+0.3%	0.07%	+12.3%
ORCL	Buy	ORACLE CORP	$437,000	-2.5%	7,949	+1.0%	0.07%	+1.5%
CMCSA	Buy	COMCAST CORP NEW CL A	$434,000	+22.6%	9,632	+14.9%	0.07%	+26.4%
WMT	Buy	WAL-MART STORES INC	$414,000	+17.3%	3,492	+9.4%	0.06%	+20.8%
PM	Buy	PHILIP MORRIS INTERNATIONAL	$377,000	-1.6%	4,968	+1.9%	0.06%	+1.8%
LIN	Sell	LINDE PLC	$369,000	-9.3%	1,907	-5.8%	0.06%	-6.6%
EFA	Sell	ISHARES MSCI EAFE INDEX	$364,000	-7.4%	5,584	-6.7%	0.06%	-5.1%
FISV	Buy	FISERV INC	$320,000	+17.2%	3,090	+3.0%	0.05%	+19.5%
FTV	Buy	FORTIVE CORP	$308,000	+2.0%	4,488	+21.0%	0.05%	+6.7%
APD	Buy	AIR PRODUCTS & CHEMICALS	$304,000	-0.7%	1,368	+1.3%	0.05%	+2.2%
WY	Sell	WEYERHAEUSER CO	$292,000	-13.6%	10,539	-17.9%	0.04%	-11.8%
PEG	Sell	PUBLIC SERVICE ENTERPRISE GROU	$281,000	+1.1%	4,525	-4.2%	0.04%	+2.4%
NSC	Buy	NORFOLK SOUTHERN CORP	$275,000	-8.0%	1,531	+2.1%	0.04%	-6.7%
BP	Sell	BP PLC SPONS ADR	$266,000	-13.4%	7,000	-5.0%	0.04%	-10.9%
MDLZ	Buy	MONDELEZ INTL INC	$265,000	+3.5%	4,797	+1.1%	0.04%	+7.9%
HCP	Buy	HEALTH CARE PPTY INVS	$268,000	+26.4%	7,524	+13.6%	0.04%	+28.1%
USB	Sell	US BANCORP DEL (NEW)	$254,000	+1.2%	4,585	-4.1%	0.04%	+2.6%
NSRGY	Buy	NESTLE SA REG ADR	$250,000	+10.1%	2,303	+4.7%	0.04%	+14.7%
AEP	New	AMERICAN ELECTRIC POWER	$244,000	–	2,606	–	0.04%	–
EXC	Buy	EXELON CORP	$238,000	+12.8%	4,936	+12.0%	0.04%	+15.6%
RTN	New	RAYTHEON COMPANY NEW	$216,000	–	1,100	–	0.03%	–
	Exit	T. ROWE PRICE HIGH-YIELDmf	$0	–	-11,268	–	-0.01%	–
	Exit	FRANKLIN INCOME ADV CL ADmf	$0	–	-33,257	–	-0.01%	–
PMO	Exit	PUTNAM MUNI OPPORTUNITIES TR Smf	$0	–	-12,262	–	-0.02%	–
NFG	Exit	NATIONAL FUEL GAS CO	$0	–	-3,818	–	-0.03%	–
MO	Exit	ALTRIA GROUP	$0	–	-4,400	–	-0.03%	–
	Exit	MFS SER GROWTH FUND CL Imf	$0	–	-1,832	–	-0.03%	–
	Exit	INVESCO GLOBAL CORE EQUITY CLmf	$0	–	-14,415	–	-0.03%	–
IFF	Exit	INTERNATIONAL FLAVORS & FRAGRA	$0	–	-1,500	–	-0.03%	–
XEC	Exit	CIMAREX ENERGY CO.	$0	–	-3,795	–	-0.03%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-1,500	–	-0.04%	–
	Exit	T. ROWE PRICE BLUE CHIP GROWTHmf	$0	–	-2,071	–	-0.04%	–
	Exit	T ROWE PRICE ST TAX FREE INCOMmf	$0	–	-23,997	–	-0.04%	–
NMY	Exit	NUVEEN MD PREMIUM INC MUNICIPAmf	$0	–	-23,025	–	-0.04%	–
	Exit	T. ROWE PRICE SMALL-CAP VALUEmf	$0	–	-8,846	–	-0.06%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-8,354	–	-0.09%	–
	Exit	VANGUARD WINDSOR FUND ADMIRALmf	$0	–	-9,719	–	-0.09%	–
NVG	Exit	NUVEEN INSD DIV ADV MUNI FD COmf	$0	–	-42,948	–	-0.10%	–
	Exit	MFS MASSACHUSETTS INV TRUST CLmf	$0	–	-22,345	–	-0.10%	–
	Exit	AMERICAN FUNDS WASHINGTON MUTUmf	$0	–	-16,071	–	-0.11%	–
	Exit	FIDELITY CONTRAFUNDmf	$0	–	-77,642	–	-0.15%	–
	Exit	FIDELITY 500 INDEX FUNDmf	$0	–	-12,057	–	-0.18%	–

Q2 2019

			Value		Shares		↓ Weighting
DD	New	DU PONT (E.I.) DE NEMOURS & CO	$82,999,000	–	1,105,624	–	12.41%	–
DOW	New	DOW CHEMICAL COMPANY (THE)	$54,518,000	–	1,105,625	–	8.15%	–
VGT	New	VANGUARD INFORMATION TECHNOLOG	$45,182,000	–	214,242	–	6.76%	–
CTVA	New	CORTEVA INC	$32,693,000	–	1,105,625	–	4.89%	–
CC	New	CHEMOURS CO	$17,421,000	–	725,884	–	2.60%	–
MSFT	New	MICROSOFT CORPORATION	$17,310,000	–	129,220	–	2.59%	–
JNJ	New	JOHNSON & JOHNSON	$15,774,000	–	113,257	–	2.36%	–
PG	New	PROCTER & GAMBLE COMPANY	$14,800,000	–	134,979	–	2.21%	–
PEP	New	PEPSICO INCORPORATED	$12,340,000	–	94,104	–	1.84%	–
MCD	New	MC DONALD'S CORPORATION	$11,997,000	–	57,772	–	1.79%	–
XOM	New	EXXON MOBIL CORPORATION	$11,817,000	–	154,215	–	1.77%	–
V	New	VISA INC CLASS A	$11,696,000	–	67,393	–	1.75%	–
TROW	New	T ROWE PRICE GROUP INC.	$11,228,000	–	102,339	–	1.68%	–
CHD	New	CHURCH & DWIGHT CO INC	$11,141,000	–	152,493	–	1.67%	–
BDX	New	BECTON DICKINSON	$11,033,000	–	43,779	–	1.65%	–
LOW	New	LOWES COS	$10,993,000	–	108,943	–	1.64%	–
JPM	New	JPMORGAN CHASE & CO.	$10,494,000	–	93,862	–	1.57%	–
ITW	New	ILLINOIS TOOL WORKS INC.	$10,108,000	–	67,022	–	1.51%	–
DIS	New	WALT DISNEY COMPANY	$8,876,000	–	63,562	–	1.33%	–
AAPL	New	APPLE INC	$8,394,000	–	42,412	–	1.26%	–
ABT	New	ABBOTT LABORATORIES	$8,191,000	–	97,400	–	1.22%	–
AMZN	New	AMAZON.COM INC	$8,074,000	–	4,264	–	1.21%	–
UTX	New	UNITED TECHNOLOGIES CORP COM	$7,795,000	–	59,868	–	1.16%	–
CSCO	New	CISCO SYSTEMS INC	$7,734,000	–	141,313	–	1.16%	–
MAR	New	MARRIOTT INTERNATIONAL, NEW IN	$7,648,000	–	54,516	–	1.14%	–
CVX	New	CHEVRON CORP	$7,560,000	–	60,754	–	1.13%	–
IWR	New	ISHARES RUSSELL MIDCAP INDEX	$6,935,000	–	124,123	–	1.04%	–
WTR	New	AQUA AMERICA	$6,741,000	–	162,949	–	1.01%	–
GOOG	New	ALPHABET INC NON-VOTING CL C	$6,677,000	–	6,177	–	1.00%	–
UNP	New	UNION PACIFIC CORP	$6,204,000	–	36,688	–	0.93%	–
MRK	New	MERCK & COMPANY INCORPORATED N	$6,182,000	–	73,729	–	0.92%	–
INTC	New	INTEL CORP COM	$6,157,000	–	128,628	–	0.92%	–
UNH	New	UNITED HEALTHCARE CORP	$6,068,000	–	24,868	–	0.91%	–
IBB	New	ISHARES NASDAQ BIOTECH INDEX	$5,862,000	–	53,726	–	0.88%	–
VO	New	VANGUARD MID CAP ETF	$5,792,000	–	34,649	–	0.87%	–
WFC	New	WELLS FARGO & CO. NEW	$5,465,000	–	115,485	–	0.82%	–
FDX	New	FEDEX CORP	$5,085,000	–	30,973	–	0.76%	–
CAT	New	CATERPILLAR INCORPORATED	$5,017,000	–	36,811	–	0.75%	–
IWM	New	ISHARES RUSSELL 2000 IDX	$5,004,000	–	32,179	–	0.75%	–
NEE	New	NEXTERA ENERGY	$4,533,000	–	22,127	–	0.68%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$4,349,000	–	14,760	–	0.65%	–
VB	New	VANGUARD SMALL CAP ETF	$4,342,000	–	27,713	–	0.65%	–
WBA	New	WALGREENS BOOTS ALLIANCE, INC.	$4,304,000	–	78,720	–	0.64%	–
D	New	DOMINION RESOURCES INC OF VA	$4,163,000	–	53,841	–	0.62%	–
BRKA	New	BERKSHIRE HATHAWAY INC DEL CLA	$4,139,000	–	13	–	0.62%	–
VZ	New	VERIZON COMMUNICATIONS	$3,955,000	–	69,225	–	0.59%	–
BA	New	BOEING	$3,603,000	–	9,898	–	0.54%	–
AXP	New	AMERICAN EXPRESS INC	$3,322,000	–	26,915	–	0.50%	–
MMM	New	3M CO.	$3,171,000	–	18,292	–	0.47%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$3,052,000	–	22,132	–	0.46%	–
SO	New	SOUTHERN COMPANY (THE)	$2,983,000	–	53,958	–	0.45%	–
KMB	New	KIMBERLY-CLARK CORP	$2,982,000	–	22,372	–	0.45%	–
HON	New	HONEYWELL INTERNATIONAL INC	$2,973,000	–	17,028	–	0.44%	–
VTI	New	VANGUARD TOTAL STOCK MARKET	$2,720,000	–	18,120	–	0.41%	–
XRAY	New	DENTSPLY SIRONA INC	$2,585,000	–	44,287	–	0.39%	–
GE	New	GENERAL ELECTRIC COMPANY	$2,356,000	–	224,336	–	0.35%	–
WRE	New	WASH REAL ESTATE INV TRUST S B	$2,311,000	–	86,475	–	0.35%	–
MTB	New	M & T BANK CORP	$2,304,000	–	13,550	–	0.34%	–
K	New	KELLOGG COMPANY	$2,255,000	–	42,096	–	0.34%	–
WRI	New	WEINGARTEN REALTY INVS S B I	$2,185,000	–	79,689	–	0.33%	–
KO	New	COCA-COLA COMPANY	$2,093,000	–	41,100	–	0.31%	–
T	New	AT&T CORP NEW	$2,006,000	–	59,870	–	0.30%	–
ATO	New	ATMOS ENERGY CORP	$1,813,000	–	17,175	–	0.27%	–
PFE	New	PFIZER INCORPORATED	$1,613,000	–	37,245	–	0.24%	–
HSY	New	HERSHEY COMPANY	$1,583,000	–	11,812	–	0.24%	–
DUK	New	DUKE ENERGY CORP	$1,434,000	–	16,247	–	0.21%	–
FRT	New	FEDERAL REALTY INV TR S B I	$1,424,000	–	11,059	–	0.21%	–
ABBV	New	ABBVIE INC	$1,305,000	–	17,952	–	0.20%	–
	New	FIDELITY 500 INDEX FUNDmf	$1,238,000	–	12,057	–	0.18%	–
SYY	New	SYSCO CORPORATION	$1,234,000	–	17,450	–	0.18%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKET	$1,211,000	–	29,024	–	0.18%	–
BAC	New	BANK OF AMERICA	$1,200,000	–	41,367	–	0.18%	–
QQQ	New	POWERSHARES QQQ TR ETF SERIES	$1,160,000	–	6,211	–	0.17%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$1,147,000	–	28,111	–	0.17%	–
	New	FIDELITY CONTRAFUNDmf	$1,023,000	–	77,642	–	0.15%	–
HD	New	HOME DEPOT	$1,025,000	–	4,930	–	0.15%	–
LH	New	LABORATORY CORP OF AMERICA	$989,000	–	5,722	–	0.15%	–
ENB	New	ENBRIDGE INC.	$965,000	–	26,747	–	0.14%	–
EMR	New	EMERSON ELECTRIC CO.	$956,000	–	14,331	–	0.14%	–
AMGN	New	AMGEN INC	$954,000	–	5,176	–	0.14%	–
INTU	New	INTUIT INC	$941,000	–	3,600	–	0.14%	–
NTRS	New	NORTHERN TRUST CORP	$936,000	–	10,400	–	0.14%	–
BK	New	BANK OF NEW YORK MELLON CORP	$921,000	–	20,864	–	0.14%	–
UDR	New	UDR INC	$922,000	–	20,549	–	0.14%	–
VOO	New	VANGUARD S&P ETF	$902,000	–	3,350	–	0.14%	–
MSI	New	MOTOROLA SOLUTIONS, INC	$864,000	–	5,184	–	0.13%	–
ALL	New	ALLSTATE CORPORATION	$819,000	–	8,058	–	0.12%	–
GLW	New	CORNING INC.	$807,000	–	24,300	–	0.12%	–
VWO	New	VANGUARD EMERGING MARKETS ETF	$786,000	–	18,489	–	0.12%	–
BEN	New	FRANKLIN RESOURCES INC	$783,000	–	22,495	–	0.12%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CLA	$745,000	–	3,494	–	0.11%	–
TXN	New	TEXAS INSTRUMENTS	$742,000	–	6,465	–	0.11%	–
	New	AMERICAN FUNDS WASHINGTON MUTUmf	$736,000	–	16,071	–	0.11%	–
GIS	New	GENERAL MILLS INC	$732,000	–	13,944	–	0.11%	–
BMY	New	BRISTOL-MYERS SQUIBB COMPANY	$727,000	–	16,023	–	0.11%	–
	New	MFS MASSACHUSETTS INV TRUST CLmf	$693,000	–	22,345	–	0.10%	–
LMT	New	LOCKHEED MARTIN	$691,000	–	1,900	–	0.10%	–
NVG	New	NUVEEN INSD DIV ADV MUNI FD COmf	$682,000	–	42,948	–	0.10%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$673,000	–	8,677	–	0.10%	–
MS	New	MORGAN STANLEY & CO	$653,000	–	14,908	–	0.10%	–
	New	VANGUARD WINDSOR FUND ADMIRALmf	$617,000	–	9,719	–	0.09%	–
TRV	New	THE TRAVELERS COS INC	$617,000	–	4,127	–	0.09%	–
DHR	New	DANAHER CORP	$604,000	–	4,225	–	0.09%	–
APC	New	ANADARKO PETROLEUM CORP	$589,000	–	8,354	–	0.09%	–
SJM	New	SMUCKER J.M. CO	$577,000	–	5,006	–	0.09%	–
VNQ	New	VANGUARD REIT ETF	$566,000	–	6,480	–	0.08%	–
CSX	New	C S X CORPORATION	$542,000	–	7,000	–	0.08%	–
LLY	New	ELI LILLY & CO	$534,000	–	4,822	–	0.08%	–
TGT	New	TARGET CORP	$529,000	–	6,105	–	0.08%	–
GOOGL	New	ALPHABET INC VOTING CL A	$528,000	–	488	–	0.08%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$500,000	–	3,644	–	0.08%	–
MDT	New	MEDTRONIC INC	$466,000	–	4,782	–	0.07%	–
TMO	New	THERMO FISHER SCIENTIFIC	$468,000	–	1,595	–	0.07%	–
MAN	New	MANPOWER INC WISCONSIN	$456,000	–	4,724	–	0.07%	–
ORCL	New	ORACLE CORP	$448,000	–	7,868	–	0.07%	–
CL	New	COLGATE-PALMOLIVE COMPANY	$448,000	–	6,252	–	0.07%	–
CABO	New	CABLE ONE INC	$441,000	–	377	–	0.07%	–
CVS	New	CVS CAREMARK CORPORATION	$439,000	–	8,050	–	0.07%	–
PSX	New	PHILLIPS 66	$433,000	–	4,626	–	0.06%	–
	New	T. ROWE PRICE SMALL-CAP VALUEmf	$416,000	–	8,846	–	0.06%	–
LIN	New	LINDE PLC	$407,000	–	2,025	–	0.06%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC.	$393,000	–	3,340	–	0.06%	–
EFA	New	ISHARES MSCI EAFE INDEX	$393,000	–	5,984	–	0.06%	–
BFS	New	SAUL CENTERS INC.	$392,000	–	6,978	–	0.06%	–
DTE	New	DTE ENERGY	$385,000	–	3,011	–	0.06%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$383,000	–	4,875	–	0.06%	–
WCN	New	WASTE CONNECTIONS INC	$363,000	–	3,800	–	0.05%	–
CMCSA	New	COMCAST CORP NEW CL A	$354,000	–	8,380	–	0.05%	–
WMT	New	WAL-MART STORES INC	$353,000	–	3,192	–	0.05%	–
WY	New	WEYERHAEUSER CO	$338,000	–	12,837	–	0.05%	–
COP	New	CONOCOPHILLIPS	$338,000	–	5,534	–	0.05%	–
VMC	New	VULCAN MATERIALS CO	$330,000	–	2,400	–	0.05%	–
SPY	New	SPDR S&P 500 ETF	$331,000	–	1,128	–	0.05%	–
APD	New	AIR PRODUCTS & CHEMICALS	$306,000	–	1,351	–	0.05%	–
BP	New	BP PLC SPONS ADR	$307,000	–	7,367	–	0.05%	–
NSC	New	NORFOLK SOUTHERN CORP	$299,000	–	1,500	–	0.04%	–
FTV	New	FORTIVE CORP	$302,000	–	3,710	–	0.04%	–
NMY	New	NUVEEN MD PREMIUM INC MUNICIPAmf	$298,000	–	23,025	–	0.04%	–
UN	New	UNILEVER	$291,000	–	4,800	–	0.04%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GROU	$278,000	–	4,725	–	0.04%	–
FISV	New	FISERV INC	$273,000	–	3,000	–	0.04%	–
BLL	New	BALL CORP	$273,000	–	3,900	–	0.04%	–
XLU	New	SELECT SECTOR SPDR TR UTILITIE	$268,000	–	4,500	–	0.04%	–
	New	T ROWE PRICE ST TAX FREE INCOMmf	$261,000	–	23,997	–	0.04%	–
USB	New	US BANCORP DEL (NEW)	$251,000	–	4,781	–	0.04%	–
MDLZ	New	MONDELEZ INTL INC	$256,000	–	4,747	–	0.04%	–
IP	New	INTERNATIONAL PAPER CO	$247,000	–	5,709	–	0.04%	–
	New	T. ROWE PRICE BLUE CHIP GROWTHmf	$240,000	–	2,071	–	0.04%	–
GHC	New	GRAHAM HOLDINGS CO.	$241,000	–	349	–	0.04%	–
PXD	New	PIONEER NAT RES CO	$231,000	–	1,500	–	0.04%	–
XEC	New	CIMAREX ENERGY CO.	$225,000	–	3,795	–	0.03%	–
DOV	New	DOVER CORPORATION	$229,000	–	2,285	–	0.03%	–
NSRGY	New	NESTLE SA REG ADR	$227,000	–	2,200	–	0.03%	–
KEY	New	KEYCORP	$224,000	–	12,600	–	0.03%	–
YUM	New	YUM BRANDS INC	$221,000	–	1,995	–	0.03%	–
IFF	New	INTERNATIONAL FLAVORS & FRAGRA	$218,000	–	1,500	–	0.03%	–
TJX	New	THE TJX COMPANIES	$212,000	–	4,000	–	0.03%	–
EXC	New	EXELON CORP	$211,000	–	4,406	–	0.03%	–
	New	MFS SER GROWTH FUND CL Imf	$215,000	–	1,832	–	0.03%	–
HCP	New	HEALTH CARE PPTY INVS	$212,000	–	6,624	–	0.03%	–
	New	INVESCO GLOBAL CORE EQUITY CLmf	$211,000	–	14,415	–	0.03%	–
MO	New	ALTRIA GROUP	$208,000	–	4,400	–	0.03%	–
DE	New	DEERE AND CO.	$207,000	–	1,250	–	0.03%	–
NFG	New	NATIONAL FUEL GAS CO	$201,000	–	3,818	–	0.03%	–
WTM	New	WHITE MOUNTAINS INS.	$203,000	–	199	–	0.03%	–
PMO	New	PUTNAM MUNI OPPORTUNITIES TR Smf	$155,000	–	12,262	–	0.02%	–
	New	FRANKLIN INCOME ADV CL ADmf	$76,000	–	33,257	–	0.01%	–
	New	T. ROWE PRICE HIGH-YIELDmf	$74,000	–	11,268	–	0.01%	–
COCBF	New	COASTAL CARIBBEAN OILS & MINER	$0	–	69,910	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
COCBF	Exit	COASTAL CARIBBEAN OILS & MINER	$0	–	-69,910	–	0.00%	–
	Exit	T. ROWE PRICE HIGH-YIELDmf	$0	–	-11,268	–	-0.01%	–
	Exit	FRANKLIN INCOME ADV CL ADmf	$0	–	-33,257	–	-0.01%	–
PMO	Exit	PUTNAM MUNI OPPORTUNITIES TR Smf	$0	–	-12,262	–	-0.02%	–
DOV	Exit	DOVER CORPORATION	$0	–	-2,285	–	-0.03%	–
GHC	Exit	GRAHAM HOLDINGS CO.	$0	–	-349	–	-0.03%	–
VAC	Exit	MARRIOTT VACATIONS WORLDWIDE C	$0	–	-1,846	–	-0.03%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-4,747	–	-0.03%	–
	Exit	MFS SER GROWTH FUND CL Imf	$0	–	-1,767	–	-0.03%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC CL A	$0	–	-3,009	–	-0.03%	–
IFF	Exit	INTERNATIONAL FLAVORS & FRAGRA	$0	–	-1,500	–	-0.03%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-4,600	–	-0.03%	–
EXC	Exit	EXELON CORP	$0	–	-4,922	–	-0.03%	–
NFG	Exit	NATIONAL FUEL GAS CO	$0	–	-3,868	–	-0.03%	–
	Exit	INVESCO GLOBAL CORE EQUITY CLmf	$0	–	-13,481	–	-0.03%	–
TJX	Exit	THE TJX COMPANIES	$0	–	-2,000	–	-0.03%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-1,100	–	-0.03%	–
APD	Exit	AIR PRODUCTS & CHEMICALS	$0	–	-1,351	–	-0.03%	–
	Exit	T. ROWE PRICE BLUE CHIP GROWTHmf	$0	–	-2,071	–	-0.03%	–
APA	Exit	APACHE CORP	$0	–	-5,110	–	-0.03%	–
KEY	Exit	KEYCORP	$0	–	-12,600	–	-0.04%	–
FISV	Exit	FISERV INC	$0	–	-3,000	–	-0.04%	–
XLU	Exit	SELECT SECTOR SPDR TR UTILITIE	$0	–	-4,800	–	-0.04%	–
USB	Exit	US BANCORP DEL (NEW)	$0	–	-4,781	–	-0.04%	–
	Exit	T ROWE PRICE ST TAX FREE INCOMmf	$0	–	-23,997	–	-0.04%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-1,500	–	-0.04%	–
MO	Exit	ALTRIA GROUP	$0	–	-4,400	–	-0.04%	–
NMY	Exit	NUVEEN MD PREMIUM INC MUNICIPAmf	$0	–	-23,025	–	-0.04%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-2,400	–	-0.04%	–
UN	Exit	UNILEVER	$0	–	-4,800	–	-0.04%	–
FTV	Exit	FORTIVE CORP	$0	–	-3,255	–	-0.04%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GROU	$0	–	-5,250	–	-0.04%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-5,709	–	-0.04%	–
DVMT	Exit	DELL TECHNOLOGIES CL V	$0	–	-2,993	–	-0.04%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-3,192	–	-0.04%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-4,000	–	-0.04%	–
SPY	Exit	SPDR S&P 500 ETF	$0	–	-1,128	–	-0.05%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-1,800	–	-0.05%	–
DTE	Exit	DTE ENERGY	$0	–	-3,011	–	-0.05%	–
CABO	Exit	CABLE ONE INC	$0	–	-377	–	-0.05%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-3,550	–	-0.05%	–
XEC	Exit	CIMAREX ENERGY CO.	$0	–	-4,000	–	-0.05%	–
BP	Exit	BP PLC SPONS ADR	$0	–	-8,164	–	-0.05%	–
PX	Exit	PRAXAIR INC	$0	–	-2,396	–	-0.05%	–
BFS	Exit	SAUL CENTERS INC.	$0	–	-6,978	–	-0.06%	–
MAN	Exit	MANPOWER INC WISCONSIN	$0	–	-4,724	–	-0.06%	–
VNQ	Exit	VANGUARD REIT ETF	$0	–	-5,050	–	-0.06%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-5,025	–	-0.06%	–
TMO	Exit	THERMO FISHER SCIENTIFIC	$0	–	-1,695	–	-0.06%	–
CL	Exit	COLGATE-PALMOLIVE COMPANY	$0	–	-6,357	–	-0.06%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-5,534	–	-0.06%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-12,320	–	-0.06%	–
EFA	Exit	ISHARES MSCI EAFE INDEX	$0	–	-6,539	–	-0.06%	–
ORCL	Exit	ORACLE CORP	$0	–	-8,868	–	-0.06%	–
MDT	Exit	MEDTRONIC INC	$0	–	-4,632	–	-0.06%	–
DHR	Exit	DANAHER CORP	$0	–	-4,236	–	-0.06%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-14,538	–	-0.07%	–
	Exit	T. ROWE PRICE SMALL-CAP VALUEmf	$0	–	-8,846	–	-0.07%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC.	$0	–	-3,642	–	-0.07%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-3,664	–	-0.07%	–
SJM	Exit	SMUCKER J.M. CO	$0	–	-5,006	–	-0.07%	–
PSX	Exit	PHILLIPS 66	$0	–	-4,626	–	-0.07%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-7,734	–	-0.07%	–
LLY	Exit	ELI LILLY & CO	$0	–	-4,822	–	-0.07%	–
CSX	Exit	C S X CORPORATION	$0	–	-7,200	–	-0.08%	–
TRV	Exit	THE TRAVELERS COS INC	$0	–	-4,137	–	-0.08%	–
TGT	Exit	TARGET CORP	$0	–	-6,280	–	-0.08%	–
GOOGL	Exit	ALPHABET INC VOTING CL A	$0	–	-507	–	-0.09%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-14,434	–	-0.09%	–
NVG	Exit	NUVEEN INSD DIV ADV MUNI FD COmf	$0	–	-42,948	–	-0.09%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-8,150	–	-0.09%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-8,677	–	-0.09%	–
MSI	Exit	MOTOROLA SOLUTIONS, INC	$0	–	-5,184	–	-0.10%	–
LMT	Exit	LOCKHEED MARTIN	$0	–	-1,950	–	-0.10%	–
MS	Exit	MORGAN STANLEY & CO	$0	–	-14,908	–	-0.10%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-6,465	–	-0.10%	–
	Exit	MFS MASSACHUSETTS INV TRUST CLmf	$0	–	-20,617	–	-0.10%	–
BEN	Exit	FRANKLIN RESOURCES INC	$0	–	-23,219	–	-0.10%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CLA	$0	–	-3,494	–	-0.10%	–
VWO	Exit	VANGUARD EMERGING MARKETS ETF	$0	–	-18,354	–	-0.11%	–
ALL	Exit	ALLSTATE CORPORATION	$0	–	-8,058	–	-0.11%	–
LH	Exit	LABORATORY CORP OF AMERICA	$0	–	-4,557	–	-0.11%	–
	Exit	AMERICAN FUNDS WASHINGTON MUTUmf	$0	–	-17,317	–	-0.11%	–
INTU	Exit	INTUIT INC	$0	–	-3,600	–	-0.12%	–
UDR	Exit	UDR INC	$0	–	-20,649	–	-0.12%	–
GLW	Exit	CORNING INC.	$0	–	-24,300	–	-0.12%	–
ENB	Exit	ENBRIDGE INC.	$0	–	-27,649	–	-0.13%	–
BMY	Exit	BRISTOL-MYERS SQUIBB COMPANY	$0	–	-16,023	–	-0.14%	–
	Exit	FIDELITY CONTRAFUNDmf	$0	–	-71,793	–	-0.14%	–
HD	Exit	HOME DEPOT	$0	–	-4,930	–	-0.14%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-20,864	–	-0.15%	–
NTRS	Exit	NORTHERN TRUST CORP	$0	–	-10,400	–	-0.15%	–
VOO	Exit	VANGUARD S&P ETF	$0	–	-3,992	–	-0.15%	–
AMGN	Exit	AMGEN INC	$0	–	-5,226	–	-0.15%	–
EMR	Exit	EMERSON ELECTRIC CO.	$0	–	-14,354	–	-0.16%	–
BAC	Exit	BANK OF AMERICA	$0	–	-38,428	–	-0.16%	–
QQQ	Exit	POWERSHARES QQQ TR ETF SERIES	$0	–	-6,211	–	-0.16%	–
	Exit	FIDELITY 500 INDEX CL Imf	$0	–	-12,057	–	-0.17%	–
HSY	Exit	HERSHEY COMPANY	$0	–	-12,152	–	-0.18%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-17,450	–	-0.18%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-16,417	–	-0.18%	–
FRT	Exit	FEDERAL REALTY INV TR S B I	$0	–	-10,694	–	-0.19%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKET	$0	–	-31,394	–	-0.19%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-28,111	–	-0.20%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-16,545	–	-0.22%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-37,895	–	-0.24%	–
ABBV	Exit	ABBVIE INC	$0	–	-18,727	–	-0.25%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-42,200	–	-0.28%	–
MTB	Exit	M & T BANK CORP	$0	–	-13,550	–	-0.31%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-60,595	–	-0.32%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET	$0	–	-15,885	–	-0.34%	–
WRI	Exit	WEINGARTEN REALTY INVS S B I	$0	–	-82,944	–	-0.35%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-22,472	–	-0.36%	–
SO	Exit	SOUTHERN COMPANY (THE)	$0	–	-60,011	–	-0.37%	–
AXP	Exit	AMERICAN EXPRESS INC	$0	–	-24,950	–	-0.38%	–
WRE	Exit	WASH REAL ESTATE INV TRUST S B	$0	–	-89,025	–	-0.38%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-52,837	–	-0.40%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-17,028	–	-0.40%	–
K	Exit	KELLOGG COMPANY	$0	–	-43,641	–	-0.43%	–
T	Exit	AT&T CORP NEW	$0	–	-91,530	–	-0.43%	–
D	Exit	DOMINION RESOURCES INC OF VA	$0	–	-51,056	–	-0.51%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-21,792	–	-0.52%	–
BA	Exit	BOEING	$0	–	-9,898	–	-0.52%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-13,747	–	-0.52%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-336,286	–	-0.54%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-25,221	–	-0.54%	–
MMM	Exit	3M CO.	$0	–	-18,357	–	-0.54%	–
GOOG	Exit	ALPHABET INC NON-VOTING CL C	$0	–	-3,536	–	-0.60%	–
VB	Exit	VANGUARD SMALL CAP ETF	$0	–	-26,459	–	-0.61%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DEL CLA	$0	–	-14	–	-0.63%	–
MRK	Exit	MERCK & COMPANY INCORPORATED N	$0	–	-71,999	–	-0.72%	–
VO	Exit	VANGUARD MID CAP ETF	$0	–	-32,527	–	-0.75%	–
CAT	Exit	CATERPILLAR INCORPORATED	$0	–	-36,076	–	-0.78%	–
IWM	Exit	ISHARES RUSSELL 2000 IDX	$0	–	-32,824	–	-0.78%	–
WTR	Exit	AQUA AMERICA	$0	–	-156,135	–	-0.81%	–
INTC	Exit	INTEL CORP COM	$0	–	-124,458	–	-0.83%	–
IBB	Exit	ISHARES NASDAQ BIOTECH INDEX	$0	–	-48,331	–	-0.83%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-36,193	–	-0.83%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE, INC.	$0	–	-81,712	–	-0.84%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-24,756	–	-0.93%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-138,484	–	-0.95%	–
MAR	Exit	MARRIOTT INTERNATIONAL, NEW IN	$0	–	-51,106	–	-0.95%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-57,946	–	-0.96%	–
FDX	Exit	FEDEX CORP	$0	–	-28,440	–	-0.97%	–
IWR	Exit	ISHARES RUSSELL MIDCAP INDEX	$0	–	-31,151	–	-0.97%	–
WFC	Exit	WELLS FARGO & CO. NEW	$0	–	-130,870	–	-0.97%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-97,710	–	-1.01%	–
CVX	Exit	CHEVRON CORP	$0	–	-61,279	–	-1.06%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-3,806	–	-1.08%	–
UTX	Exit	UNITED TECHNOLOGIES CORP COM	$0	–	-59,970	–	-1.18%	–
AAPL	Exit	APPLE INC	$0	–	-40,271	–	-1.28%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-155,158	–	-1.30%	–
ITW	Exit	ILLINOIS TOOL WORKS INC.	$0	–	-65,792	–	-1.31%	–
MCD	Exit	MC DONALD'S CORPORATION	$0	–	-58,564	–	-1.38%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-91,457	–	-1.46%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-93,431	–	-1.47%	–
V	Exit	VISA INC CLASS A	$0	–	-70,325	–	-1.49%	–
TROW	Exit	T ROWE PRICE GROUP INC.	$0	–	-100,729	–	-1.55%	–
BDX	Exit	BECTON DICKINSON	$0	–	-43,170	–	-1.59%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-136,022	–	-1.60%	–
LOW	Exit	LOWES COS	$0	–	-110,738	–	-1.79%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-152,970	–	-1.83%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-131,277	–	-2.12%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-114,042	–	-2.22%	–
CC	Exit	CHEMOURS CO	$0	–	-733,185	–	-4.08%	–
VGT	Exit	VANGUARD INFORMATION TECHNOLOG	$0	–	-223,089	–	-6.37%	–
DWDP	Exit	DOWDUPONT INC.	$0	–	-3,317,915	–	-30.09%	–

Q3 2018

			Value		Shares		↓ Weighting
DWDP	Sell	DOWDUPONT INC.	$213,375,000	-2.5%	3,317,915	-0.1%	30.09%	-5.6%
VGT	Sell	VANGUARD INFORMATION TECHNOLOG	$45,189,000	+10.6%	223,089	-0.9%	6.37%	+7.1%
CC	Sell	CHEMOURS CO	$28,917,000	-11.2%	733,185	-0.1%	4.08%	-14.0%
JNJ	Sell	JOHNSON & JOHNSON	$15,757,000	+12.7%	114,042	-1.0%	2.22%	+9.1%
MSFT	Sell	MICROSOFT CORPORATION	$15,014,000	+14.4%	131,277	-1.4%	2.12%	+10.8%
XOM	Sell	EXXON MOBIL CORPORATION	$13,006,000	-2.5%	152,970	-5.1%	1.83%	-5.6%
LOW	Sell	LOWES COS	$12,715,000	+18.6%	110,738	-1.3%	1.79%	+14.8%
PG	Sell	PROCTER & GAMBLE COMPANY	$11,321,000	+4.8%	136,022	-1.7%	1.60%	+1.5%
BDX	Buy	BECTON DICKINSON	$11,267,000	+9.2%	43,170	+0.3%	1.59%	+5.8%
TROW	Sell	T ROWE PRICE GROUP INC.	$10,998,000	-6.8%	100,729	-0.9%	1.55%	-9.7%
V	Sell	VISA INC CLASS A	$10,555,000	+11.7%	70,325	-1.4%	1.49%	+8.2%
PEP	Sell	PEPSICO INCORPORATED	$10,446,000	+2.6%	93,431	-0.1%	1.47%	-0.7%
JPM	Buy	JPMORGAN CHASE & CO.	$10,320,000	+10.2%	91,457	+1.7%	1.46%	+6.7%
MCD	Buy	MC DONALD'S CORPORATION	$9,797,000	+7.9%	58,564	+1.1%	1.38%	+4.5%
ITW	Sell	ILLINOIS TOOL WORKS INC.	$9,285,000	+1.5%	65,792	-0.3%	1.31%	-1.7%
CHD	Buy	CHURCH & DWIGHT CO INC	$9,212,000	+13.3%	155,158	+1.5%	1.30%	+9.7%
AAPL	Buy	APPLE INC	$9,091,000	+28.8%	40,271	+5.6%	1.28%	+24.7%
UTX	Buy	UNITED TECHNOLOGIES CORP COM	$8,384,000	+12.9%	59,970	+1.0%	1.18%	+9.3%
AMZN	Buy	AMAZON.COM INC	$7,623,000	+23.6%	3,806	+4.9%	1.08%	+19.7%
CVX	Buy	CHEVRON CORP	$7,493,000	-2.0%	61,279	+1.3%	1.06%	-5.0%
ABT	Buy	ABBOTT LABORATORIES	$7,168,000	+22.9%	97,710	+2.1%	1.01%	+19.1%
WFC	Sell	WELLS FARGO & CO. NEW	$6,879,000	-7.7%	130,870	-2.6%	0.97%	-10.6%
IWR	Sell	ISHARES RUSSELL MIDCAP INDEX	$6,869,000	+3.7%	31,151	-0.2%	0.97%	+0.5%
FDX	Buy	FEDEX CORP	$6,848,000	+8.7%	28,440	+2.5%	0.97%	+5.3%
DIS	Buy	WALT DISNEY COMPANY	$6,776,000	+14.5%	57,946	+2.6%	0.96%	+11.0%
MAR	Sell	MARRIOTT INTERNATIONAL, NEW IN	$6,748,000	-4.6%	51,106	-8.6%	0.95%	-7.6%
CSCO	Buy	CISCO SYSTEMS INC	$6,737,000	+14.3%	138,484	+1.1%	0.95%	+10.7%
UNH	Sell	UNITED HEALTHCARE CORP	$6,586,000	+8.2%	24,756	-0.2%	0.93%	+4.9%
WBA	Sell	WALGREENS BOOTS ALLIANCE, INC.	$5,957,000	+20.5%	81,712	-0.8%	0.84%	+16.7%
IBB	Buy	ISHARES NASDAQ BIOTECH INDEX	$5,893,000	+13.8%	48,331	+2.5%	0.83%	+10.2%
UNP	Buy	UNION PACIFIC CORP	$5,893,000	+15.2%	36,193	+0.3%	0.83%	+11.5%
INTC	Buy	INTEL CORP COM	$5,886,000	-1.9%	124,458	+3.1%	0.83%	-5.0%
WTR	Buy	AQUA AMERICA	$5,761,000	+10.6%	156,135	+5.5%	0.81%	+7.1%
IWM	Sell	ISHARES RUSSELL 2000 IDX	$5,532,000	+2.9%	32,824	-0.0%	0.78%	-0.4%
CAT	Buy	CATERPILLAR INCORPORATED	$5,501,000	+15.4%	36,076	+2.7%	0.78%	+11.8%
VO	Buy	VANGUARD MID CAP ETF	$5,341,000	+15.4%	32,527	+10.8%	0.75%	+11.7%
MRK	Buy	MERCK & COMPANY INCORPORATED N	$5,108,000	+21.6%	71,999	+4.1%	0.72%	+17.8%
VB	Buy	VANGUARD SMALL CAP ETF	$4,302,000	+10.8%	26,459	+6.1%	0.61%	+7.4%
GOOG	Buy	ALPHABET INC NON-VOTING CL C	$4,220,000	+113.7%	3,536	+99.8%	0.60%	+106.6%
MMM	Sell	3M CO.	$3,868,000	+4.5%	18,357	-2.4%	0.54%	+1.1%
IBM	Sell	INTERNATIONAL BUSINESS MACHINE	$3,814,000	+5.9%	25,221	-2.2%	0.54%	+2.7%
GE	Sell	GENERAL ELECTRIC COMPANY	$3,797,000	-24.1%	336,286	-8.5%	0.54%	-26.5%
ADBE	Buy	ADOBE SYSTEMS INCORPORATED	$3,711,000	+25.3%	13,747	+13.2%	0.52%	+21.3%
NEE	Buy	NEXTERA ENERGY	$3,652,000	+3.4%	21,792	+3.1%	0.52%	+0.2%
D	Buy	DOMINION RESOURCES INC OF VA	$3,588,000	+15.3%	51,056	+11.9%	0.51%	+11.7%
T	Sell	AT&T CORP NEW	$3,074,000	+0.5%	91,530	-3.9%	0.43%	-2.5%
K	Sell	KELLOGG COMPANY	$3,056,000	-2.3%	43,641	-2.5%	0.43%	-5.3%
VZ	Sell	VERIZON COMMUNICATIONS	$2,821,000	+4.6%	52,837	-1.4%	0.40%	+1.3%
WRE	Sell	WASH REAL ESTATE INV TRUST S B	$2,729,000	-3.2%	89,025	-4.2%	0.38%	-6.1%
AXP	Buy	AMERICAN EXPRESS INC	$2,657,000	+25.0%	24,950	+15.1%	0.38%	+21.4%
SO	Sell	SOUTHERN COMPANY (THE)	$2,616,000	-22.5%	60,011	-17.6%	0.37%	-24.8%
KMB	Sell	KIMBERLY-CLARK CORP	$2,554,000	+5.5%	22,472	-2.2%	0.36%	+2.3%
WRI	Sell	WEINGARTEN REALTY INVS S B I	$2,468,000	-5.4%	82,944	-2.0%	0.35%	-8.4%
VTI	Sell	VANGUARD TOTAL STOCK MARKET	$2,377,000	+4.8%	15,885	-1.7%	0.34%	+1.5%
XRAY	Sell	DENTSPLY SIRONA INC	$2,287,000	-46.5%	60,595	-37.9%	0.32%	-48.1%
MTB	Sell	M & T BANK CORP	$2,230,000	-12.9%	13,550	-10.0%	0.31%	-15.8%
KO	Sell	COCA-COLA COMPANY	$1,949,000	+1.5%	42,200	-3.7%	0.28%	-1.8%
ABBV	Sell	ABBVIE INC	$1,771,000	-3.9%	18,727	-5.8%	0.25%	-6.7%
PFE	Sell	PFIZER INCORPORATED	$1,670,000	+19.7%	37,895	-1.5%	0.24%	+16.3%
ATO	Buy	ATMOS ENERGY CORP	$1,554,000	+26.8%	16,545	+21.7%	0.22%	+22.3%
VEA	Buy	VANGUARD FTSE DEVELOPED MARKET	$1,358,000	+1.3%	31,394	+0.4%	0.19%	-1.5%
FRT	Buy	FEDERAL REALTY INV TR S B I	$1,353,000	+2.5%	10,694	+2.5%	0.19%	-0.5%
DUK	Buy	DUKE ENERGY CORP	$1,314,000	+9.3%	16,417	+8.0%	0.18%	+5.7%
SYY	Sell	SYSCO CORPORATION	$1,278,000	+5.4%	17,450	-1.7%	0.18%	+2.3%
HSY	Sell	HERSHEY COMPANY	$1,240,000	-0.2%	12,152	-9.0%	0.18%	-3.3%
BAC	Buy	BANK OF AMERICA	$1,132,000	+14.6%	38,428	+9.6%	0.16%	+11.1%
AMGN	Sell	AMGEN INC	$1,083,000	+10.5%	5,226	-1.5%	0.15%	+7.0%
VOO	Sell	VANGUARD S&P ETF	$1,066,000	-8.7%	3,992	-14.6%	0.15%	-11.8%
HD	Sell	HOME DEPOT	$1,021,000	+3.2%	4,930	-2.7%	0.14%	0.0%
	Buy	FIDELITY CONTRAFUNDmf	$1,012,000	+6.8%	71,793	+900.0%	0.14%	+3.6%
ENB	Sell	ENBRIDGE INC.	$893,000	-16.1%	27,649	-7.3%	0.13%	-18.7%
GLW	Sell	CORNING INC.	$858,000	+28.1%	24,300	-0.3%	0.12%	+23.5%
UDR	Sell	UDR INC	$835,000	+4.6%	20,649	-2.8%	0.12%	+1.7%
	Buy	AMERICAN FUNDS WASHINGTON MUTUmf	$808,000	+5.5%	17,317	+0.2%	0.11%	+1.8%
ALL	Sell	ALLSTATE CORPORATION	$795,000	+6.4%	8,058	-1.5%	0.11%	+2.8%
LH	Buy	LABORATORY CORP OF AMERICA	$791,000	+47.0%	4,557	+52.1%	0.11%	+43.6%
VWO	Sell	VANGUARD EMERGING MARKETS ETF	$753,000	-3.7%	18,354	-0.9%	0.11%	-7.0%
MS	Sell	MORGAN STANLEY & CO	$694,000	-11.6%	14,908	-10.0%	0.10%	-14.0%
	Buy	MFS MASSACHUSETTS INV TRUST CLmf	$696,000	+7.2%	20,617	+0.3%	0.10%	+4.3%
MSI	Sell	MOTOROLA SOLUTIONS, INC	$675,000	+11.8%	5,184	-0.1%	0.10%	+8.0%
GIS	Sell	GENERAL MILLS INC	$620,000	-9.9%	14,434	-7.2%	0.09%	-13.0%
GOOGL	Sell	ALPHABET INC VOTING CL A	$612,000	+5.7%	507	-1.2%	0.09%	+2.4%
TGT	Sell	TARGET CORP	$554,000	-22.7%	6,280	-33.4%	0.08%	-25.0%
TRV	Sell	THE TRAVELERS COS INC	$537,000	-3.9%	4,137	-9.5%	0.08%	-6.2%
CSX	Sell	C S X CORPORATION	$533,000	+12.9%	7,200	-2.7%	0.08%	+8.7%
APC	Buy	ANADARKO PETROLEUM CORP	$521,000	+20.3%	7,734	+30.9%	0.07%	+15.9%
SJM	Sell	SMUCKER J.M. CO	$514,000	-5.0%	5,006	-0.5%	0.07%	-8.9%
ZBH	Sell	ZIMMER BIOMET HOLDINGS INC.	$479,000	+16.8%	3,642	-0.9%	0.07%	+13.3%
WY	Sell	WEYERHAEUSER CO	$469,000	-19.7%	14,538	-9.2%	0.07%	-22.4%
DHR	Buy	DANAHER CORP	$460,000	+12.7%	4,236	+2.4%	0.06%	+10.2%
MDT	Sell	MEDTRONIC INC	$456,000	+11.5%	4,632	-3.1%	0.06%	+6.7%
ORCL	Sell	ORACLE CORP	$457,000	+16.3%	8,868	-0.6%	0.06%	+12.3%
EFA	Sell	ISHARES MSCI EAFE INDEX	$445,000	-0.9%	6,539	-2.5%	0.06%	-3.1%
CMCSA	Sell	COMCAST CORP NEW CL A	$436,000	+6.9%	12,320	-1.0%	0.06%	+3.4%
CL	Sell	COLGATE-PALMOLIVE COMPANY	$426,000	+2.7%	6,357	-0.8%	0.06%	0.0%
VNQ	New	VANGUARD REIT ETF	$407,000	–	5,050	–	0.06%	–
BP	Sell	BP PLC SPONS ADR	$376,000	-1.6%	8,164	-2.4%	0.05%	-5.4%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$337,000	+19.5%	3,550	-2.7%	0.05%	+17.1%
NSC	Sell	NORFOLK SOUTHERN CORP	$325,000	+18.2%	1,800	-1.4%	0.05%	+15.0%
WCN	Sell	WASTE CONNECTIONS INC	$319,000	-2.1%	4,000	-7.7%	0.04%	-4.3%
DVMT	Sell	DELL TECHNOLOGIES CL V	$291,000	+0.3%	2,993	-12.7%	0.04%	-2.4%
IP	Sell	INTERNATIONAL PAPER CO	$281,000	-6.0%	5,709	-0.4%	0.04%	-9.1%
PEG	Sell	PUBLIC SERVICE ENTERPRISE GROU	$277,000	-5.1%	5,250	-2.8%	0.04%	-9.3%
USB	Sell	US BANCORP DEL (NEW)	$253,000	+5.4%	4,781	-0.4%	0.04%	+2.9%
APA	Sell	APACHE CORP	$244,000	-29.9%	5,110	-31.2%	0.03%	-33.3%
TJX	New	THE TJX COMPANIES	$224,000	–	2,000	–	0.03%	–
APD	Sell	AIR PRODUCTS & CHEMICALS	$226,000	+4.1%	1,351	-2.9%	0.03%	0.0%
EXC	Sell	EXELON CORP	$215,000	+0.5%	4,922	-2.0%	0.03%	-3.2%
IFF	New	INTERNATIONAL FLAVORS & FRAGRA	$209,000	–	1,500	–	0.03%	–
	New	MFS SER GROWTH FUND CL Imf	$203,000	–	1,767	–	0.03%	–
VAC	Sell	MARRIOTT VACATIONS WORLDWIDE C	$206,000	-32.7%	1,846	-31.8%	0.03%	-35.6%
HOG	New	HARLEY DAVIDSON INC	$208,000	–	4,600	–	0.03%	–
MDLZ	New	MONDELEZ INTL INC	$204,000	–	4,747	–	0.03%	–
GHC	Sell	GRAHAM HOLDINGS CO.	$202,000	-16.9%	349	-15.9%	0.03%	-20.0%
DOV	New	DOVER CORPORATION	$202,000	–	2,285	–	0.03%	–
	New	FRANKLIN INCOME ADV CL ADmf	$76,000	–	33,257	–	0.01%	–
YUM	Exit	YUM BRANDS INC	$0	–	-2,665	–	-0.03%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-5,500	–	-0.03%	–
SLB	Exit	SCHLUMBERGER LIMITED	$0	–	-3,515	–	-0.03%	–
HST	Exit	HOST HOTELS & RESORTS	$0	–	-11,869	–	-0.04%	–
WGL	Exit	WGL HLDGS INC	$0	–	-19,183	–	-0.25%	–

Q2 2018

			Value		Shares		↓ Weighting
DWDP	New	DOWDUPONT INC.	$218,844,000	–	3,319,835	–	31.86%	–
VGT	New	VANGUARD INFORMATION TECHNOLOG	$40,853,000	–	225,209	–	5.95%	–
CC	New	CHEMOURS CO	$32,568,000	–	734,185	–	4.74%	–
JNJ	New	JOHNSON & JOHNSON	$13,980,000	–	115,219	–	2.04%	–
XOM	New	EXXON MOBIL CORPORATION	$13,339,000	–	161,231	–	1.94%	–
MSFT	New	MICROSOFT CORPORATION	$13,124,000	–	133,088	–	1.91%	–
TROW	New	T ROWE PRICE GROUP INC.	$11,796,000	–	101,618	–	1.72%	–
PG	New	PROCTER & GAMBLE COMPANY	$10,803,000	–	138,390	–	1.57%	–
LOW	New	LOWES COS	$10,725,000	–	112,223	–	1.56%	–
BDX	New	BECTON DICKINSON	$10,314,000	–	43,054	–	1.50%	–
PEP	New	PEPSICO INCORPORATED	$10,184,000	–	93,541	–	1.48%	–
V	New	VISA INC CLASS A	$9,447,000	–	71,328	–	1.38%	–
JPM	New	JPMORGAN CHASE & CO.	$9,369,000	–	89,915	–	1.36%	–
ITW	New	ILLINOIS TOOL WORKS INC.	$9,147,000	–	66,022	–	1.33%	–
MCD	New	MC DONALD'S CORPORATION	$9,078,000	–	57,939	–	1.32%	–
CHD	New	CHURCH & DWIGHT CO INC	$8,128,000	–	152,898	–	1.18%	–
CVX	New	CHEVRON CORP	$7,647,000	–	60,483	–	1.11%	–
WFC	New	WELLS FARGO & CO. NEW	$7,451,000	–	134,395	–	1.08%	–
UTX	New	UNITED TECHNOLOGIES CORP COM	$7,424,000	–	59,378	–	1.08%	–
MAR	New	MARRIOTT INTERNATIONAL, NEW IN	$7,077,000	–	55,901	–	1.03%	–
AAPL	New	APPLE INC	$7,058,000	–	38,131	–	1.03%	–
IWR	New	ISHARES RUSSELL MIDCAP INDEX	$6,623,000	–	31,221	–	0.96%	–
FDX	New	FEDEX CORP	$6,300,000	–	27,745	–	0.92%	–
AMZN	New	AMAZON.COM INC	$6,169,000	–	3,629	–	0.90%	–
UNH	New	UNITED HEALTHCARE CORP	$6,088,000	–	24,816	–	0.89%	–
INTC	New	INTEL CORP COM	$6,000,000	–	120,699	–	0.87%	–
DIS	New	WALT DISNEY COMPANY	$5,916,000	–	56,452	–	0.86%	–
CSCO	New	CISCO SYSTEMS INC	$5,893,000	–	136,941	–	0.86%	–
ABT	New	ABBOTT LABORATORIES	$5,834,000	–	95,658	–	0.85%	–
IWM	New	ISHARES RUSSELL 2000 IDX	$5,376,000	–	32,829	–	0.78%	–
WTR	New	AQUA AMERICA	$5,208,000	–	148,045	–	0.76%	–
IBB	New	ISHARES NASDAQ BIOTECH INDEX	$5,178,000	–	47,147	–	0.75%	–
UNP	New	UNION PACIFIC CORP	$5,115,000	–	36,100	–	0.74%	–
GE	New	GENERAL ELECTRIC COMPANY	$5,002,000	–	367,495	–	0.73%	–
WBA	New	WALGREENS BOOTS ALLIANCE, INC.	$4,942,000	–	82,347	–	0.72%	–
CAT	New	CATERPILLAR INCORPORATED	$4,767,000	–	35,141	–	0.69%	–
VO	New	VANGUARD MID CAP ETF	$4,627,000	–	29,349	–	0.67%	–
XRAY	New	DENTSPLY SIRONA INC	$4,274,000	–	97,635	–	0.62%	–
MRK	New	MERCK & COMPANY INCORPORATED N	$4,199,000	–	69,174	–	0.61%	–
BRKA	New	BERKSHIRE HATHAWAY INC DEL CLA	$3,949,000	–	14	–	0.58%	–
VB	New	VANGUARD SMALL CAP ETF	$3,882,000	–	24,937	–	0.56%	–
MMM	New	3M CO.	$3,700,000	–	18,807	–	0.54%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$3,602,000	–	25,786	–	0.52%	–
NEE	New	NEXTERA ENERGY	$3,531,000	–	21,139	–	0.51%	–
SO	New	SOUTHERN COMPANY (THE)	$3,374,000	–	72,864	–	0.49%	–
BA	New	BOEING	$3,321,000	–	9,898	–	0.48%	–
K	New	KELLOGG COMPANY	$3,127,000	–	44,761	–	0.46%	–
D	New	DOMINION RESOURCES INC OF VA	$3,112,000	–	45,641	–	0.45%	–
T	New	AT&T CORP NEW	$3,059,000	–	95,276	–	0.44%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$2,962,000	–	12,147	–	0.43%	–
WRE	New	WASH REAL ESTATE INV TRUST S B	$2,819,000	–	92,955	–	0.41%	–
VZ	New	VERIZON COMMUNICATIONS	$2,697,000	–	53,603	–	0.39%	–
WRI	New	WEINGARTEN REALTY INVS S B I	$2,608,000	–	84,644	–	0.38%	–
MTB	New	M & T BANK CORP	$2,561,000	–	15,050	–	0.37%	–
HON	New	HONEYWELL INTERNATIONAL INC	$2,453,000	–	17,028	–	0.36%	–
KMB	New	KIMBERLY-CLARK CORP	$2,420,000	–	22,977	–	0.35%	–
VTI	New	VANGUARD TOTAL STOCK MARKET	$2,269,000	–	16,160	–	0.33%	–
AXP	New	AMERICAN EXPRESS INC	$2,125,000	–	21,677	–	0.31%	–
GOOG	New	ALPHABET INC NON-VOTING CL C	$1,975,000	–	1,770	–	0.29%	–
KO	New	COCA-COLA COMPANY	$1,921,000	–	43,803	–	0.28%	–
ABBV	New	ABBVIE INC	$1,842,000	–	19,887	–	0.27%	–
WGL	New	WGL HLDGS INC	$1,703,000	–	19,183	–	0.25%	–
PFE	New	PFIZER INCORPORATED	$1,395,000	–	38,455	–	0.20%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKET	$1,341,000	–	31,254	–	0.20%	–
FRT	New	FEDERAL REALTY INV TR S B I	$1,320,000	–	10,429	–	0.19%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$1,288,000	–	28,111	–	0.19%	–
HSY	New	HERSHEY COMPANY	$1,243,000	–	13,352	–	0.18%	–
ATO	New	ATMOS ENERGY CORP	$1,226,000	–	13,600	–	0.18%	–
SYY	New	SYSCO CORPORATION	$1,212,000	–	17,745	–	0.18%	–
DUK	New	DUKE ENERGY CORP	$1,202,000	–	15,197	–	0.18%	–
VOO	New	VANGUARD S&P ETF	$1,167,000	–	4,677	–	0.17%	–
	New	FIDELITY 500 INDEX CL Imf	$1,150,000	–	12,057	–	0.17%	–
BK	New	BANK OF NEW YORK MELLON CORP	$1,126,000	–	20,864	–	0.16%	–
NTRS	New	NORTHERN TRUST CORP	$1,070,000	–	10,400	–	0.16%	–
QQQ	New	POWERSHARES QQQ TR ETF SERIES	$1,066,000	–	6,211	–	0.16%	–
ENB	New	ENBRIDGE INC.	$1,064,000	–	29,818	–	0.16%	–
EMR	New	EMERSON ELECTRIC CO.	$992,000	–	14,354	–	0.14%	–
HD	New	HOME DEPOT	$989,000	–	5,069	–	0.14%	–
BAC	New	BANK OF AMERICA	$988,000	–	35,048	–	0.14%	–
AMGN	New	AMGEN INC	$980,000	–	5,306	–	0.14%	–
	New	FIDELITY CONTRAFUNDmf	$948,000	–	7,179	–	0.14%	–
BMY	New	BRISTOL-MYERS SQUIBB COMPANY	$887,000	–	16,023	–	0.13%	–
UDR	New	UDR INC	$798,000	–	21,249	–	0.12%	–
VWO	New	VANGUARD EMERGING MARKETS ETF	$782,000	–	18,519	–	0.11%	–
MS	New	MORGAN STANLEY & CO	$785,000	–	16,558	–	0.11%	–
	New	AMERICAN FUNDS WASHINGTON MUTUmf	$766,000	–	17,281	–	0.11%	–
ALL	New	ALLSTATE CORPORATION	$747,000	–	8,182	–	0.11%	–
BEN	New	FRANKLIN RESOURCES INC	$744,000	–	23,219	–	0.11%	–
INTU	New	INTUIT INC	$735,000	–	3,600	–	0.11%	–
TXN	New	TEXAS INSTRUMENTS	$713,000	–	6,465	–	0.10%	–
TGT	New	TARGET CORP	$717,000	–	9,424	–	0.10%	–
GIS	New	GENERAL MILLS INC	$688,000	–	15,554	–	0.10%	–
GLW	New	CORNING INC.	$670,000	–	24,365	–	0.10%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CLA	$652,000	–	3,494	–	0.10%	–
	New	MFS MASSACHUSETTS INV TRUST CLmf	$649,000	–	20,555	–	0.09%	–
NVG	New	NUVEEN INSD DIV ADV MUNI FD COmf	$627,000	–	42,948	–	0.09%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$611,000	–	8,677	–	0.09%	–
MSI	New	MOTOROLA SOLUTIONS, INC	$604,000	–	5,191	–	0.09%	–
WY	New	WEYERHAEUSER CO	$584,000	–	16,004	–	0.08%	–
GOOGL	New	ALPHABET INC VOTING CL A	$579,000	–	513	–	0.08%	–
LMT	New	LOCKHEED MARTIN	$576,000	–	1,950	–	0.08%	–
TRV	New	THE TRAVELERS COS INC	$559,000	–	4,570	–	0.08%	–
SJM	New	SMUCKER J.M. CO	$541,000	–	5,031	–	0.08%	–
LH	New	LABORATORY CORP OF AMERICA	$538,000	–	2,997	–	0.08%	–
PSX	New	PHILLIPS 66	$520,000	–	4,626	–	0.08%	–
CVS	New	CVS CAREMARK CORPORATION	$524,000	–	8,150	–	0.08%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$495,000	–	3,664	–	0.07%	–
CSX	New	C S X CORPORATION	$472,000	–	7,400	–	0.07%	–
	New	T. ROWE PRICE SMALL-CAP VALUEmf	$453,000	–	8,846	–	0.07%	–
EFA	New	ISHARES MSCI EAFE INDEX	$449,000	–	6,704	–	0.06%	–
APC	New	ANADARKO PETROLEUM CORP	$433,000	–	5,909	–	0.06%	–
MDT	New	MEDTRONIC INC	$409,000	–	4,782	–	0.06%	–
CL	New	COLGATE-PALMOLIVE COMPANY	$415,000	–	6,407	–	0.06%	–
LLY	New	ELI LILLY & CO	$411,000	–	4,822	–	0.06%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC.	$410,000	–	3,676	–	0.06%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$406,000	–	5,025	–	0.06%	–
MAN	New	MANPOWER INC WISCONSIN	$407,000	–	4,724	–	0.06%	–
XEC	New	CIMAREX ENERGY CO.	$407,000	–	4,000	–	0.06%	–
DHR	New	DANAHER CORP	$408,000	–	4,136	–	0.06%	–
CMCSA	New	COMCAST CORP NEW CL A	$408,000	–	12,446	–	0.06%	–
ORCL	New	ORACLE CORP	$393,000	–	8,926	–	0.06%	–
BP	New	BP PLC SPONS ADR	$382,000	–	8,364	–	0.06%	–
COP	New	CONOCOPHILLIPS	$385,000	–	5,534	–	0.06%	–
PX	New	PRAXAIR INC	$379,000	–	2,396	–	0.06%	–
BFS	New	SAUL CENTERS INC.	$374,000	–	6,978	–	0.05%	–
TMO	New	THERMO FISHER SCIENTIFIC	$351,000	–	1,695	–	0.05%	–
APA	New	APACHE CORP	$348,000	–	7,432	–	0.05%	–
WCN	New	WASTE CONNECTIONS INC	$326,000	–	4,333	–	0.05%	–
VAC	New	MARRIOTT VACATIONS WORLDWIDE C	$306,000	–	2,705	–	0.04%	–
DTE	New	DTE ENERGY	$312,000	–	3,011	–	0.04%	–
SPY	New	SPDR S&P 500 ETF	$306,000	–	1,128	–	0.04%	–
VMC	New	VULCAN MATERIALS CO	$310,000	–	2,400	–	0.04%	–
IP	New	INTERNATIONAL PAPER CO	$299,000	–	5,734	–	0.04%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GROU	$292,000	–	5,400	–	0.04%	–
DVMT	New	DELL TECHNOLOGIES CL V	$290,000	–	3,429	–	0.04%	–
NMY	New	NUVEEN MD PREMIUM INC MUNICIPAmf	$279,000	–	23,025	–	0.04%	–
PXD	New	PIONEER NAT RES CO	$284,000	–	1,500	–	0.04%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$282,000	–	3,650	–	0.04%	–
WMT	New	WAL-MART STORES INC	$273,000	–	3,192	–	0.04%	–
NSC	New	NORFOLK SOUTHERN CORP	$275,000	–	1,825	–	0.04%	–
CABO	New	CABLE ONE INC	$276,000	–	377	–	0.04%	–
UN	New	UNILEVER	$267,000	–	4,800	–	0.04%	–
FTV	New	FORTIVE CORP	$251,000	–	3,255	–	0.04%	–
	New	T ROWE PRICE ST TAX FREE INCOMmf	$255,000	–	23,997	–	0.04%	–
HST	New	HOST HOTELS & RESORTS	$250,000	–	11,869	–	0.04%	–
XLU	New	SELECT SECTOR SPDR TR UTILITIE	$249,000	–	4,800	–	0.04%	–
KEY	New	KEYCORP	$246,000	–	12,600	–	0.04%	–
MO	New	ALTRIA GROUP	$250,000	–	4,400	–	0.04%	–
GHC	New	GRAHAM HOLDINGS CO.	$243,000	–	415	–	0.04%	–
USB	New	US BANCORP DEL (NEW)	$240,000	–	4,801	–	0.04%	–
SLB	New	SCHLUMBERGER LIMITED	$236,000	–	3,515	–	0.03%	–
FISV	New	FISERV INC	$222,000	–	3,000	–	0.03%	–
APD	New	AIR PRODUCTS & CHEMICALS	$217,000	–	1,391	–	0.03%	–
	New	T. ROWE PRICE BLUE CHIP GROWTHmf	$223,000	–	2,071	–	0.03%	–
EXC	New	EXELON CORP	$214,000	–	5,022	–	0.03%	–
RTN	New	RAYTHEON COMPANY NEW	$212,000	–	1,100	–	0.03%	–
	New	INVESCO GLOBAL CORE EQUITY CLmf	$212,000	–	13,481	–	0.03%	–
NFG	New	NATIONAL FUEL GAS CO	$205,000	–	3,868	–	0.03%	–
HRL	New	HORMEL FOODS CORP	$205,000	–	5,500	–	0.03%	–
RDSA	New	ROYAL DUTCH SHELL PLC CL A	$208,000	–	3,009	–	0.03%	–
YUM	New	YUM BRANDS INC	$208,000	–	2,665	–	0.03%	–
PMO	New	PUTNAM MUNI OPPORTUNITIES TR Smf	$143,000	–	12,262	–	0.02%	–
	New	T. ROWE PRICE HIGH-YIELDmf	$73,000	–	11,268	–	0.01%	–
COCBF	New	COASTAL CARIBBEAN OILS & MINER	$0	–	69,910	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
COCBF	Exit	COASTAL CARIBBEAN OILS & MINER	$0	–	-69,910	–	0.00%	–
	Exit	VANGUARD MONEY MARKET RESERVESmf	$0	–	-63,104	–	-0.01%	–
	Exit	FRANKLIN INCOME FUNDmf	$0	–	-32,681	–	-0.01%	–
	Exit	HIGHLAND FLOATING RATE OPPORTUmf	$0	–	-14,505	–	-0.02%	–
	Exit	PIMCO REAL RETURN BOND FD CL Cmf	$0	–	-13,953	–	-0.02%	–
PMO	Exit	PUTNAM MUNI OPPORTUNITIES TR Smf	$0	–	-12,262	–	-0.02%	–
	Exit	TEMPLETON GLOBAL BOND FUND CLmf	$0	–	-16,397	–	-0.03%	–
DOV	Exit	DOVER CORPORATION	$0	–	-2,285	–	-0.03%	–
	Exit	INVESCO GLOBAL CORE EQUITY FUNmf	$0	–	-12,934	–	-0.03%	–
IFF	Exit	INTERNATIONAL FLAVORS & FRAGRA	$0	–	-1,500	–	-0.03%	–
APD	Exit	AIR PRODUCTS & CHEMICALS	$0	–	-1,391	–	-0.03%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-4,600	–	-0.03%	–
NFG	Exit	NATIONAL FUEL GAS CO	$0	–	-3,868	–	-0.03%	–
HCP	Exit	HEALTH CARE PPTY INVS	$0	–	-7,924	–	-0.03%	–
YUM	Exit	YUM BRANDS INC	$0	–	-3,040	–	-0.03%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-2,877	–	-0.03%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-6,960	–	-0.03%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-3,600	–	-0.03%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-1,600	–	-0.03%	–
KEY	Exit	KEYCORP	$0	–	-12,600	–	-0.03%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-1,887	–	-0.04%	–
XLU	Exit	SELECT SECTOR SPDR TR UTILITIE	$0	–	-4,800	–	-0.04%	–
GHC	Exit	GRAHAM HOLDINGS CO.	$0	–	-430	–	-0.04%	–
SLB	Exit	SCHLUMBERGER LIMITED	$0	–	-3,751	–	-0.04%	–
USB	Exit	US BANCORP DEL (NEW)	$0	–	-4,836	–	-0.04%	–
SPSB	Exit	SPDR BARCLAYS ST CORP BOND ETF	$0	–	-8,525	–	-0.04%	–
	Exit	EATON VANCE NAT LIM MATURITY Tmf	$0	–	-29,752	–	-0.04%	–
HST	Exit	HOST HOTELS & RESORTS	$0	–	-15,229	–	-0.04%	–
UN	Exit	UNILEVER	$0	–	-4,800	–	-0.04%	–
CABO	Exit	CABLE ONE INC	$0	–	-392	–	-0.04%	–
	Exit	FEDERATED SHORT TERM MUNI TR Imf	$0	–	-27,965	–	-0.04%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-2,400	–	-0.04%	–
NMY	Exit	NUVEEN MD PREMIUM INC MUNICIPAmf	$0	–	-23,025	–	-0.04%	–
MO	Exit	ALTRIA GROUP	$0	–	-4,760	–	-0.04%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-4,333	–	-0.04%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-6,159	–	-0.04%	–
DTE	Exit	DTE ENERGY	$0	–	-3,011	–	-0.05%	–
TMO	Exit	THERMO FISHER SCIENTIFIC	$0	–	-1,720	–	-0.05%	–
PX	Exit	PRAXAIR INC	$0	–	-2,296	–	-0.05%	–
MDT	Exit	MEDTRONIC INC	$0	–	-4,266	–	-0.05%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-5,809	–	-0.05%	–
VAC	Exit	MARRIOTT VACATIONS WORLDWIDE C	$0	–	-2,705	–	-0.05%	–
DHR	Exit	DANAHER CORP	$0	–	-4,001	–	-0.05%	–
LLY	Exit	ELI LILLY & CO	$0	–	-4,066	–	-0.05%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-7,399	–	-0.05%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GROU	$0	–	-7,950	–	-0.05%	–
LH	Exit	LABORATORY CORP OF AMERICA	$0	–	-2,527	–	-0.06%	–
DVMT	Exit	DELL TECHNOLOGIES CL V	$0	–	-4,960	–	-0.06%	–
CSX	Exit	C S X CORPORATION	$0	–	-7,400	–	-0.06%	–
PSX	Exit	PHILLIPS 66	$0	–	-4,626	–	-0.06%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC.	$0	–	-3,674	–	-0.06%	–
ORCL	Exit	ORACLE CORP	$0	–	-8,926	–	-0.06%	–
BP	Exit	BP PLC SPONS ADR	$0	–	-11,228	–	-0.06%	–
BFS	Exit	SAUL CENTERS INC.	$0	–	-6,978	–	-0.06%	–
MSI	Exit	MOTOROLA SOLUTIONS, INC	$0	–	-5,191	–	-0.06%	–
XEC	Exit	CIMAREX ENERGY CO.	$0	–	-4,000	–	-0.07%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-3,494	–	-0.07%	–
BPL	Exit	BUCKEYE PARTNERS LP LTD PARTNE	$0	–	-8,659	–	-0.07%	–
GOOGL	Exit	ALPHABET INC VOTING CL A	$0	–	-514	–	-0.07%	–
EFA	Exit	ISHARES MSCI EAFE INDEX	$0	–	-7,324	–	-0.07%	–
INTU	Exit	INTUIT INC	$0	–	-3,600	–	-0.07%	–
SJM	Exit	SMUCKER J.M. CO	$0	–	-5,006	–	-0.08%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-8,177	–	-0.08%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-16,004	–	-0.08%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-2,900	–	-0.08%	–
MAN	Exit	MANPOWER INC WISCONSIN	$0	–	-4,724	–	-0.08%	–
TRV	Exit	THE TRAVELERS COS INC	$0	–	-4,560	–	-0.08%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-5,150	–	-0.08%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-6,400	–	-0.08%	–
	Exit	MASS INVESTMENT TRUST CLASS Amf	$0	–	-19,295	–	-0.09%	–
LMT	Exit	LOCKHEED MARTIN	$0	–	-2,010	–	-0.09%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-16,221	–	-0.09%	–
NVG	Exit	NUVEEN INSD DIV ADV MUNI FD COmf	$0	–	-42,948	–	-0.10%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-8,358	–	-0.10%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CLA	$0	–	-3,799	–	-0.10%	–
VWO	Exit	VANGUARD EMERGING MARKETS ETF	$0	–	-16,185	–	-0.10%	–
GLW	Exit	CORNING INC.	$0	–	-24,365	–	-0.11%	–
CL	Exit	COLGATE-PALMOLIVE COMPANY	$0	–	-10,197	–	-0.11%	–
ALL	Exit	ALLSTATE CORPORATION	$0	–	-8,182	–	-0.11%	–
	Exit	WASHINGTON MUTUAL INVESTORS FUmf	$0	–	-17,401	–	-0.11%	–
MS	Exit	MORGAN STANLEY & CO	$0	–	-17,018	–	-0.12%	–
UDR	Exit	UDR INC	$0	–	-21,449	–	-0.12%	–
AMGN	Exit	AMGEN INC	$0	–	-4,551	–	-0.12%	–
HD	Exit	HOME DEPOT	$0	–	-5,210	–	-0.12%	–
BAC	Exit	BANK OF AMERICA	$0	–	-34,038	–	-0.12%	–
APA	Exit	APACHE CORP	$0	–	-19,257	–	-0.13%	–
TGT	Exit	TARGET CORP	$0	–	-14,894	–	-0.13%	–
QQQ	Exit	POWERSHARES QQQ TR ETF SERIES	$0	–	-6,211	–	-0.13%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-10,995	–	-0.13%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-18,099	–	-0.14%	–
NTRS	Exit	NORTHERN TRUST CORP	$0	–	-10,400	–	-0.14%	–
EMR	Exit	EMERSON ELECTRIC CO.	$0	–	-15,779	–	-0.14%	–
BEN	Exit	FRANKLIN RESOURCES INC	$0	–	-23,219	–	-0.15%	–
VOO	Exit	VANGUARD S&P ETF	$0	–	-4,677	–	-0.16%	–
BMY	Exit	BRISTOL-MYERS SQUIBB COMPANY	$0	–	-17,223	–	-0.16%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-21,745	–	-0.17%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-28,516	–	-0.18%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKET	$0	–	-28,919	–	-0.18%	–
FRT	Exit	FEDERAL REALTY INV TR S B I	$0	–	-10,139	–	-0.18%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-23,874	–	-0.18%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-36,743	–	-0.19%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-16,511	–	-0.20%	–
HSY	Exit	HERSHEY COMPANY	$0	–	-13,352	–	-0.21%	–
GOOG	Exit	ALPHABET INC NON-VOTING CL C	$0	–	-1,654	–	-0.23%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET	$0	–	-13,610	–	-0.26%	–
AXP	Exit	AMERICAN EXPRESS INC	$0	–	-20,507	–	-0.27%	–
WGL	Exit	WGL HLDGS INC	$0	–	-24,071	–	-0.30%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-45,893	–	-0.30%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-14,022	–	-0.30%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-2,310	–	-0.32%	–
ABBV	Exit	ABBVIE INC	$0	–	-25,147	–	-0.32%	–
ENB	Exit	ENBRIDGE INC.	$0	–	-53,933	–	-0.33%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-17,043	–	-0.35%	–
MTB	Exit	M & T BANK CORP	$0	–	-15,050	–	-0.35%	–
BA	Exit	BOEING	$0	–	-9,898	–	-0.37%	–
WRI	Exit	WEINGARTEN REALTY INVS S B I	$0	–	-86,131	–	-0.40%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-55,482	–	-0.40%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-23,472	–	-0.40%	–
WRE	Exit	WASH REAL ESTATE INV TRUST S B	$0	–	-93,415	–	-0.44%	–
VB	Exit	VANGUARD SMALL CAP ETF	$0	–	-23,052	–	-0.47%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-22,517	–	-0.48%	–
K	Exit	KELLOGG COMPANY	$0	–	-53,326	–	-0.48%	–
D	Exit	DOMINION RESOURCES INC OF VA	$0	–	-45,206	–	-0.50%	–
T	Exit	AT&T CORP NEW	$0	–	-96,370	–	-0.55%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-27,096	–	-0.57%	–
VO	Exit	VANGUARD MID CAP ETF	$0	–	-27,239	–	-0.58%	–
MMM	Exit	3M CO.	$0	–	-19,111	–	-0.58%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DEL CLA	$0	–	-15	–	-0.60%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-35,974	–	-0.61%	–
SO	Exit	SOUTHERN COMPANY (THE)	$0	–	-86,323	–	-0.62%	–
CAT	Exit	CATERPILLAR INCORPORATED	$0	–	-36,421	–	-0.66%	–
IWM	Exit	ISHARES RUSSELL 2000 IDX	$0	–	-31,133	–	-0.67%	–
MRK	Exit	MERCK & COMPANY INCORPORATED N	$0	–	-72,229	–	-0.67%	–
WTR	Exit	AQUA AMERICA	$0	–	-142,881	–	-0.69%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-24,206	–	-0.69%	–
IBB	Exit	ISHARES NASDAQ BIOTECH INDEX	$0	–	-14,264	–	-0.69%	–
INTC	Exit	INTEL CORP COM	$0	–	-126,542	–	-0.70%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-144,626	–	-0.71%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-100,866	–	-0.78%	–
AAPL	Exit	APPLE INC	$0	–	-37,306	–	-0.84%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-58,692	–	-0.84%	–
IWR	Exit	ISHARES RUSSELL MIDCAP INDEX	$0	–	-30,261	–	-0.87%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-100,837	–	-0.88%	–
MAR	Exit	MARRIOTT INTERNATIONAL, NEW IN	$0	–	-56,231	–	-0.90%	–
FDX	Exit	FEDEX CORP	$0	–	-27,925	–	-0.92%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE, INC.	$0	–	-82,613	–	-0.93%	–
UTX	Exit	UNITED TECHNOLOGIES CORP COM	$0	–	-59,602	–	-1.01%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-154,788	–	-1.09%	–
CVX	Exit	CHEVRON CORP	$0	–	-64,287	–	-1.10%	–
V	Exit	VISA INC CLASS A	$0	–	-72,790	–	-1.11%	–
WFC	Exit	WELLS FARGO & CO. NEW	$0	–	-146,408	–	-1.17%	–
BDX	Exit	BECTON DICKINSON	$0	–	-44,731	–	-1.27%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-92,354	–	-1.28%	–
MCD	Exit	MC DONALD'S CORPORATION	$0	–	-57,617	–	-1.31%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-394,149	–	-1.38%	–
LOW	Exit	LOWES COS	$0	–	-119,268	–	-1.39%	–
TROW	Exit	T ROWE PRICE GROUP INC.	$0	–	-109,782	–	-1.45%	–
ITW	Exit	ILLINOIS TOOL WORKS INC.	$0	–	-70,754	–	-1.52%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-98,671	–	-1.60%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-150,047	–	-1.62%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-139,637	–	-1.85%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-166,784	–	-1.99%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-121,588	–	-2.30%	–
VGT	Exit	VANGUARD INFORMATION TECHNOLOG	$0	–	-223,343	–	-4.93%	–
CC	Exit	CHEMOURS CO	$0	–	-741,374	–	-5.45%	–
DWDP	Exit	DOWDUPONT INC.	$0	–	-3,324,877	–	-33.45%	–

Q3 2017

			Value		Shares		↓ Weighting
DWDP	New	DOWDUPONT INC.	$230,181,000	–	3,324,877	–	33.45%	–
CC	Sell	CHEMOURS CO	$37,521,000	+32.4%	741,374	-0.8%	5.45%	+25.4%
VGT	Buy	VANGUARD INFORMATION TECHNOLOG	$33,946,000	+8.2%	223,343	+0.2%	4.93%	+2.5%
JNJ	Sell	JOHNSON & JOHNSON	$15,807,000	-2.8%	121,588	-1.0%	2.30%	-7.9%
XOM	Sell	EXXON MOBIL CORPORATION	$13,673,000	-10.3%	166,784	-11.6%	1.99%	-15.0%
PG	Sell	PROCTER & GAMBLE COMPANY	$12,704,000	-4.9%	139,637	-8.9%	1.85%	-9.9%
MSFT	Sell	MICROSOFT CORPORATION	$11,177,000	+3.0%	150,047	-4.7%	1.62%	-2.4%
PEP	Sell	PEPSICO INCORPORATED	$10,995,000	-5.4%	98,671	-2.0%	1.60%	-10.4%
ITW	Sell	ILLINOIS TOOL WORKS INC.	$10,469,000	+2.5%	70,754	-0.8%	1.52%	-2.9%
TROW	Sell	T ROWE PRICE GROUP INC.	$9,952,000	+20.7%	109,782	-1.2%	1.45%	+14.3%
LOW	Sell	LOWES COS	$9,534,000	+0.2%	119,268	-2.9%	1.39%	-5.1%
GE	Sell	GENERAL ELECTRIC COMPANY	$9,531,000	-14.8%	394,149	-4.8%	1.38%	-19.3%
MCD	Buy	MC DONALD'S CORPORATION	$9,027,000	+2.3%	57,617	+0.0%	1.31%	-3.0%
JPM	Buy	JPMORGAN CHASE & CO.	$8,821,000	+5.1%	92,354	+0.6%	1.28%	-0.5%
BDX	Sell	BECTON DICKINSON	$8,765,000	+0.1%	44,731	-0.3%	1.27%	-5.1%
WFC	Sell	WELLS FARGO & CO. NEW	$8,075,000	-1.7%	146,408	-1.3%	1.17%	-6.9%
V	Buy	VISA INC CLASS A	$7,660,000	+12.4%	72,790	+0.2%	1.11%	+6.5%
CVX	Sell	CHEVRON CORP	$7,554,000	+8.2%	64,287	-4.0%	1.10%	+2.5%
CHD	Buy	CHURCH & DWIGHT CO INC	$7,499,000	-5.9%	154,788	+0.7%	1.09%	-10.9%
UTX	Buy	UNITED TECHNOLOGIES CORP COM	$6,919,000	-3.8%	59,602	+1.2%	1.01%	-8.8%
WBA	Buy	WALGREENS BOOTS ALLIANCE, INC.	$6,380,000	-0.8%	82,613	+0.6%	0.93%	-6.0%
FDX	Sell	FEDEX CORP	$6,299,000	+2.2%	27,925	-1.5%	0.92%	-3.2%
MAR	Buy	MARRIOTT INTERNATIONAL, NEW IN	$6,200,000	+10.0%	56,231	+0.1%	0.90%	+4.3%
XRAY	Sell	DENTSPLY SIRONA INC	$6,031,000	-8.2%	100,837	-0.4%	0.88%	-13.0%
IWR	Buy	ISHARES RUSSELL MIDCAP INDEX	$5,966,000	+4.6%	30,261	+2.0%	0.87%	-0.9%
DIS	Buy	WALT DISNEY COMPANY	$5,785,000	-3.5%	58,692	+4.1%	0.84%	-8.5%
AAPL	Buy	APPLE INC	$5,750,000	+7.3%	37,306	+0.3%	0.84%	+1.7%
ABT	Sell	ABBOTT LABORATORIES	$5,382,000	+9.6%	100,866	-0.1%	0.78%	+3.9%
CSCO	Sell	CISCO SYSTEMS INC	$4,864,000	+6.6%	144,626	-0.8%	0.71%	+1.0%
INTC	Sell	INTEL CORP COM	$4,819,000	+9.9%	126,542	-2.7%	0.70%	+4.0%
IBB	Buy	ISHARES NASDAQ BIOTECH INDEX	$4,758,000	+13.4%	14,264	+5.5%	0.69%	+7.6%
WTR	Sell	AQUA AMERICA	$4,743,000	-1.3%	142,881	-1.0%	0.69%	-6.5%
UNH	Sell	UNITED HEALTHCARE CORP	$4,741,000	+5.4%	24,206	-0.2%	0.69%	-0.1%
MRK	Sell	MERCK & COMPANY INCORPORATED N	$4,625,000	-2.7%	72,229	-2.6%	0.67%	-7.8%
IWM	Buy	ISHARES RUSSELL 2000 IDX	$4,613,000	+7.2%	31,133	+1.9%	0.67%	+1.5%
CAT	Sell	CATERPILLAR INCORPORATED	$4,542,000	+15.9%	36,421	-0.2%	0.66%	+9.8%
SO	Sell	SOUTHERN COMPANY (THE)	$4,242,000	+2.1%	86,323	-0.5%	0.62%	-3.3%
UNP	Buy	UNION PACIFIC CORP	$4,172,000	+7.7%	35,974	+1.1%	0.61%	+2.0%
MMM	Sell	3M CO.	$4,011,000	-1.0%	19,111	-1.8%	0.58%	-6.3%
VO	Buy	VANGUARD MID CAP ETF	$4,004,000	+7.4%	27,239	+4.1%	0.58%	+1.7%
IBM	Sell	INTERNATIONAL BUSINESS MACHINE	$3,931,000	-10.8%	27,096	-5.4%	0.57%	-15.5%
T	Sell	AT&T CORP NEW	$3,775,000	+3.6%	96,370	-0.3%	0.55%	-1.8%
D	Buy	DOMINION RESOURCES INC OF VA	$3,478,000	+0.9%	45,206	+0.5%	0.50%	-4.5%
K	Sell	KELLOGG COMPANY	$3,326,000	-12.5%	53,326	-2.6%	0.48%	-17.2%
NEE	Sell	NEXTERA ENERGY	$3,300,000	+3.9%	22,517	-0.7%	0.48%	-1.4%
VB	Buy	VANGUARD SMALL CAP ETF	$3,258,000	+11.7%	23,052	+7.1%	0.47%	+6.0%
WRE	Sell	WASH REAL ESTATE INV TRUST S B	$3,060,000	+2.6%	93,415	-0.1%	0.44%	-2.8%
VZ	Sell	VERIZON COMMUNICATIONS	$2,746,000	+9.7%	55,482	-1.0%	0.40%	+3.9%
WRI	Sell	WEINGARTEN REALTY INVS S B I	$2,734,000	+5.2%	86,131	-0.2%	0.40%	-0.5%
BA	Sell	BOEING	$2,516,000	+13.6%	9,898	-11.6%	0.37%	+7.6%
MTB	Sell	M & T BANK CORP	$2,424,000	-0.7%	15,050	-0.1%	0.35%	-5.9%
HON	Sell	HONEYWELL INTERNATIONAL INC	$2,416,000	-3.8%	17,043	-9.6%	0.35%	-8.8%
ENB	Sell	ENBRIDGE INC.	$2,257,000	+4.1%	53,933	-1.0%	0.33%	-1.5%
ABBV	Sell	ABBVIE INC	$2,235,000	+22.3%	25,147	-0.2%	0.32%	+16.1%
AMZN	Buy	AMAZON.COM INC	$2,221,000	-0.4%	2,310	+0.2%	0.32%	-5.6%
ADBE	Buy	ADOBE SYSTEMS INCORPORATED	$2,092,000	+6.4%	14,022	+0.8%	0.30%	+0.7%
KO	Sell	COCA-COLA COMPANY	$2,066,000	-0.5%	45,893	-0.9%	0.30%	-5.7%
WGL	Sell	WGL HLDGS INC	$2,027,000	-1.5%	24,071	-2.4%	0.30%	-6.6%
AXP	Sell	AMERICAN EXPRESS INC	$1,855,000	-8.4%	20,507	-14.7%	0.27%	-13.2%
VTI	Buy	VANGUARD TOTAL STOCK MARKET	$1,763,000	+5.9%	13,610	+1.8%	0.26%	+0.4%
GOOG	Buy	ALPHABET INC NON-VOTING CL C	$1,587,000	+7.2%	1,654	+1.5%	0.23%	+1.8%
HSY	Sell	HERSHEY COMPANY	$1,458,000	+0.8%	13,352	-0.9%	0.21%	-4.5%
DUK	Sell	DUKE ENERGY CORP	$1,386,000	+0.1%	16,511	-0.3%	0.20%	-5.2%
PFE	Sell	PFIZER INCORPORATED	$1,312,000	+3.6%	36,743	-2.5%	0.19%	-1.5%
BK	Sell	BANK OF NEW YORK MELLON CORP	$1,266,000	+0.6%	23,874	-3.2%	0.18%	-4.7%
FRT	Sell	FEDERAL REALTY INV TR S B I	$1,259,000	-5.3%	10,139	-3.6%	0.18%	-10.3%
VEA	Buy	VANGUARD FTSE DEVELOPED MARKET	$1,255,000	+6.0%	28,919	+0.9%	0.18%	0.0%
ADM	Sell	ARCHER DANIELS MIDLAND CO	$1,212,000	+2.3%	28,516	-0.3%	0.18%	-3.3%
BMY	Buy	BRISTOL-MYERS SQUIBB COMPANY	$1,098,000	+15.1%	17,223	+0.6%	0.16%	+9.6%
BEN	Sell	FRANKLIN RESOURCES INC	$1,033,000	-6.7%	23,219	-6.1%	0.15%	-11.8%
EMR	Sell	EMERSON ELECTRIC CO.	$992,000	+3.4%	15,779	-1.9%	0.14%	-2.0%
GIS	Buy	GENERAL MILLS INC	$937,000	-5.9%	18,099	+0.7%	0.14%	-11.1%
ATO	Buy	ATMOS ENERGY CORP	$922,000	+1.3%	10,995	+0.2%	0.13%	-4.3%
APA	Sell	APACHE CORP	$882,000	-6.6%	19,257	-2.2%	0.13%	-11.7%
TGT	Sell	TARGET CORP	$879,000	+0.3%	14,894	-11.1%	0.13%	-4.5%
BAC	Buy	BANK OF AMERICA	$863,000	+8.8%	34,038	+4.1%	0.12%	+2.5%
	Buy	WASHINGTON MUTUAL INVESTORS FUmf	$775,000	+5.3%	17,401	+0.2%	0.11%	0.0%
CL	Sell	COLGATE-PALMOLIVE COMPANY	$743,000	-12.5%	10,197	-10.9%	0.11%	-16.9%
GLW	Buy	CORNING INC.	$729,000	-0.1%	24,365	+0.3%	0.11%	-5.4%
VWO	Sell	VANGUARD EMERGING MARKETS ETF	$705,000	+5.5%	16,185	-1.1%	0.10%	0.0%
NVG	Sell	NUVEEN INSD DIV ADV MUNI FD COmf	$661,000	+0.5%	42,948	-1.1%	0.10%	-5.0%
	Buy	MASS INVESTMENT TRUST CLASS Amf	$617,000	+4.2%	19,295	+0.7%	0.09%	-1.1%
GOOGL	Buy	ALPHABET INC VOTING CL A	$501,000	+6.1%	514	+1.2%	0.07%	+1.4%
EFA	Sell	ISHARES MSCI EAFE INDEX	$502,000	+4.6%	7,324	-0.5%	0.07%	-1.4%
ORCL	Buy	ORACLE CORP	$432,000	-2.9%	8,926	+0.7%	0.06%	-7.4%
BFS	Sell	SAUL CENTERS INC.	$432,000	-7.7%	6,978	-13.6%	0.06%	-12.5%
BP	Sell	BP PLC SPONS ADR	$431,000	+5.1%	11,228	-5.1%	0.06%	0.0%
ZBH	Sell	ZIMMER BIOMET HOLDINGS INC.	$430,000	-32.2%	3,674	-25.6%	0.06%	-36.1%
CSX	Sell	C S X CORPORATION	$402,000	-3.1%	7,400	-2.6%	0.06%	-9.4%
DVMT	Sell	DELL TECHNOLOGIES CL V	$383,000	+23.9%	4,960	-2.0%	0.06%	+19.1%
MDT	Sell	MEDTRONIC INC	$332,000	-22.6%	4,266	-11.7%	0.05%	-27.3%
PX	Sell	PRAXAIR INC	$321,000	+4.6%	2,296	-1.0%	0.05%	0.0%
SPSB	New	SPDR BARCLAYS ST CORP BOND ETF	$261,000	–	8,525	–	0.04%	–
SLB	Buy	SCHLUMBERGER LIMITED	$262,000	+7.4%	3,751	+1.4%	0.04%	+2.7%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$228,000	+2.2%	3,600	+2.9%	0.03%	-2.9%
WMT	Sell	WAL-MART STORES INC	$225,000	-14.4%	2,877	-17.3%	0.03%	-17.5%
APD	New	AIR PRODUCTS & CHEMICALS	$210,000	–	1,391	–	0.03%	–
DOV	New	DOVER CORPORATION	$209,000	–	2,285	–	0.03%	–
	New	HIGHLAND FLOATING RATE OPPORTUmf	$106,000	–	14,505	–	0.02%	–
	Buy	VANGUARD MONEY MARKET RESERVESmf	$63,000	0.0%	63,104	+0.3%	0.01%	-10.0%
PPHM	Exit	PEREGRINE PHARMACEUTICAL	$0	–	-10,000	–	-0.00%	–
	Exit	HIGHLAND FDS I FLTG RATE OPPORmf	$0	–	-14,505	–	-0.02%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-4,747	–	-0.03%	–
DOW	Exit	DOW CHEMICAL COMPANY (THE)	$0	–	-9,150	–	-0.09%	–
WFM	Exit	WHOLE FOODS MARKET	$0	–	-21,950	–	-0.14%	–
DD	Exit	DU PONT (E.I.) DE NEMOURS & CO	$0	–	-2,586,582	–	-32.03%	–

Q2 2017

			Value		Shares		↓ Weighting
DD	New	DU PONT (E.I.) DE NEMOURS & CO	$208,763,000	–	2,586,582	–	32.03%	–
VGT	New	VANGUARD INFORMATION TECHNOLOG	$31,387,000	–	222,858	–	4.82%	–
CC	New	CHEMOURS CO	$28,340,000	–	747,374	–	4.35%	–
JNJ	New	JOHNSON & JOHNSON	$16,254,000	–	122,864	–	2.49%	–
XOM	New	EXXON MOBIL CORPORATION	$15,238,000	–	188,747	–	2.34%	–
PG	New	PROCTER & GAMBLE COMPANY	$13,353,000	–	153,226	–	2.05%	–
PEP	New	PEPSICO INCORPORATED	$11,628,000	–	100,677	–	1.78%	–
GE	New	GENERAL ELECTRIC COMPANY	$11,189,000	–	414,219	–	1.72%	–
MSFT	New	MICROSOFT CORPORATION	$10,850,000	–	157,410	–	1.66%	–
ITW	New	ILLINOIS TOOL WORKS INC.	$10,213,000	–	71,295	–	1.57%	–
LOW	New	LOWES COS	$9,519,000	–	122,783	–	1.46%	–
MCD	New	MC DONALD'S CORPORATION	$8,822,000	–	57,597	–	1.35%	–
BDX	New	BECTON DICKINSON	$8,755,000	–	44,872	–	1.34%	–
JPM	New	JPMORGAN CHASE & CO.	$8,394,000	–	91,836	–	1.29%	–
TROW	New	T ROWE PRICE GROUP INC.	$8,246,000	–	111,117	–	1.26%	–
WFC	New	WELLS FARGO & CO. NEW	$8,218,000	–	148,302	–	1.26%	–
CHD	New	CHURCH & DWIGHT CO INC	$7,972,000	–	153,668	–	1.22%	–
UTX	New	UNITED TECHNOLOGIES CORP COM	$7,191,000	–	58,894	–	1.10%	–
CVX	New	CHEVRON CORP	$6,984,000	–	66,948	–	1.07%	–
V	New	VISA INC CLASS A	$6,815,000	–	72,670	–	1.04%	–
XRAY	New	DENTSPLY SIRONA INC	$6,568,000	–	101,288	–	1.01%	–
WBA	New	WALGREENS BOOTS ALLIANCE, INC.	$6,430,000	–	82,109	–	0.99%	–
FDX	New	FEDEX CORP	$6,162,000	–	28,355	–	0.94%	–
DIS	New	WALT DISNEY COMPANY	$5,993,000	–	56,397	–	0.92%	–
IWR	New	ISHARES RUSSELL MIDCAP INDEX	$5,701,000	–	29,676	–	0.88%	–
MAR	New	MARRIOTT INTERNATIONAL, NEW IN	$5,635,000	–	56,171	–	0.86%	–
AAPL	New	APPLE INC	$5,359,000	–	37,211	–	0.82%	–
ABT	New	ABBOTT LABORATORIES	$4,909,000	–	100,991	–	0.75%	–
WTR	New	AQUA AMERICA	$4,804,000	–	144,256	–	0.74%	–
MRK	New	MERCK & COMPANY INCORPORATED N	$4,751,000	–	74,134	–	0.73%	–
CSCO	New	CISCO SYSTEMS INC	$4,563,000	–	145,761	–	0.70%	–
UNH	New	UNITED HEALTHCARE CORP	$4,498,000	–	24,257	–	0.69%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$4,405,000	–	28,636	–	0.68%	–
INTC	New	INTEL CORP COM	$4,386,000	–	129,996	–	0.67%	–
IWM	New	ISHARES RUSSELL 2000 IDX	$4,305,000	–	30,548	–	0.66%	–
IBB	New	ISHARES NASDAQ BIOTECH INDEX	$4,194,000	–	13,524	–	0.64%	–
SO	New	SOUTHERN COMPANY (THE)	$4,156,000	–	86,791	–	0.64%	–
MMM	New	3M CO.	$4,052,000	–	19,461	–	0.62%	–
CAT	New	CATERPILLAR INCORPORATED	$3,920,000	–	36,476	–	0.60%	–
UNP	New	UNION PACIFIC CORP	$3,874,000	–	35,574	–	0.59%	–
BRKA	New	BERKSHIRE HATHAWAY INC DEL CLA	$3,820,000	–	15	–	0.59%	–
K	New	KELLOGG COMPANY	$3,803,000	–	54,751	–	0.58%	–
VO	New	VANGUARD MID CAP ETF	$3,729,000	–	26,164	–	0.57%	–
T	New	AT&T CORP NEW	$3,645,000	–	96,620	–	0.56%	–
D	New	DOMINION RESOURCES INC OF VA	$3,446,000	–	44,965	–	0.53%	–
NEE	New	NEXTERA ENERGY	$3,177,000	–	22,675	–	0.49%	–
KMB	New	KIMBERLY-CLARK CORP	$3,030,000	–	23,472	–	0.46%	–
WRE	New	WASH REAL ESTATE INV TRUST S B	$2,983,000	–	93,515	–	0.46%	–
VB	New	VANGUARD SMALL CAP ETF	$2,917,000	–	21,522	–	0.45%	–
WRI	New	WEINGARTEN REALTY INVS S B I	$2,599,000	–	86,331	–	0.40%	–
HON	New	HONEYWELL INTERNATIONAL INC	$2,512,000	–	18,843	–	0.38%	–
VZ	New	VERIZON COMMUNICATIONS	$2,504,000	–	56,069	–	0.38%	–
MTB	New	M & T BANK CORP	$2,440,000	–	15,065	–	0.37%	–
AMZN	New	AMAZON.COM INC	$2,231,000	–	2,305	–	0.34%	–
BA	New	BOEING	$2,215,000	–	11,200	–	0.34%	–
ENB	New	ENBRIDGE INC.	$2,169,000	–	54,478	–	0.33%	–
KO	New	COCA-COLA COMPANY	$2,076,000	–	46,293	–	0.32%	–
WGL	New	WGL HLDGS INC	$2,058,000	–	24,671	–	0.32%	–
AXP	New	AMERICAN EXPRESS INC	$2,025,000	–	24,037	–	0.31%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$1,967,000	–	13,907	–	0.30%	–
ABBV	New	ABBVIE INC	$1,827,000	–	25,197	–	0.28%	–
VTI	New	VANGUARD TOTAL STOCK MARKET	$1,665,000	–	13,375	–	0.26%	–
GOOG	New	ALPHABET INC NON-VOTING CL C	$1,480,000	–	1,629	–	0.23%	–
HSY	New	HERSHEY COMPANY	$1,447,000	–	13,477	–	0.22%	–
DUK	New	DUKE ENERGY CORP	$1,384,000	–	16,561	–	0.21%	–
FRT	New	FEDERAL REALTY INV TR S B I	$1,329,000	–	10,514	–	0.20%	–
PFE	New	PFIZER INCORPORATED	$1,266,000	–	37,694	–	0.19%	–
BK	New	BANK OF NEW YORK MELLON CORP	$1,259,000	–	24,674	–	0.19%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$1,185,000	–	28,616	–	0.18%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKET	$1,184,000	–	28,654	–	0.18%	–
BEN	New	FRANKLIN RESOURCES INC	$1,107,000	–	24,719	–	0.17%	–
SYY	New	SYSCO CORPORATION	$1,094,000	–	21,745	–	0.17%	–
VOO	New	VANGUARD S&P ETF	$1,039,000	–	4,677	–	0.16%	–
NTRS	New	NORTHERN TRUST CORP	$1,011,000	–	10,400	–	0.16%	–
GIS	New	GENERAL MILLS INC	$996,000	–	17,979	–	0.15%	–
EMR	New	EMERSON ELECTRIC CO.	$959,000	–	16,079	–	0.15%	–
BMY	New	BRISTOL-MYERS SQUIBB COMPANY	$954,000	–	17,113	–	0.15%	–
APA	New	APACHE CORP	$944,000	–	19,692	–	0.14%	–
WFM	New	WHOLE FOODS MARKET	$924,000	–	21,950	–	0.14%	–
ATO	New	ATMOS ENERGY CORP	$910,000	–	10,970	–	0.14%	–
TGT	New	TARGET CORP	$876,000	–	16,754	–	0.13%	–
QQQ	New	POWERSHARES QQQ TR ETF SERIES	$855,000	–	6,211	–	0.13%	–
CL	New	COLGATE-PALMOLIVE COMPANY	$849,000	–	11,447	–	0.13%	–
UDR	New	UDR INC	$836,000	–	21,449	–	0.13%	–
HD	New	HOME DEPOT	$799,000	–	5,210	–	0.12%	–
BAC	New	BANK OF AMERICA	$793,000	–	32,688	–	0.12%	–
AMGN	New	AMGEN INC	$784,000	–	4,551	–	0.12%	–
MS	New	MORGAN STANLEY & CO	$758,000	–	17,018	–	0.12%	–
	New	WASHINGTON MUTUAL INVESTORS FUNDmf	$736,000	–	17,370	–	0.11%	–
GLW	New	CORNING INC.	$730,000	–	24,300	–	0.11%	–
ALL	New	ALLSTATE CORPORATION	$724,000	–	8,182	–	0.11%	–
CVS	New	CVS CAREMARK CORPORATION	$672,000	–	8,358	–	0.10%	–
VWO	New	VANGUARD EMERGING MARKETS ETF	$668,000	–	16,360	–	0.10%	–
NVG	New	NUVEEN INSD DIV ADV MUNI FD COmf	$658,000	–	43,429	–	0.10%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CLA	$643,000	–	3,799	–	0.10%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC.	$634,000	–	4,935	–	0.10%	–
CMCSA	New	COMCAST CORP NEW CL A	$631,000	–	16,221	–	0.10%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$605,000	–	5,150	–	0.09%	–
	New	MASS INVESTMENT TRUST CLASS Amf	$592,000	–	19,158	–	0.09%	–
SJM	New	SMUCKER J.M. CO	$592,000	–	5,006	–	0.09%	–
TRV	New	THE TRAVELERS COS INC	$577,000	–	4,560	–	0.09%	–
DOW	New	DOW CHEMICAL COMPANY (THE)	$577,000	–	9,150	–	0.09%	–
LMT	New	LOCKHEED MARTIN	$558,000	–	2,010	–	0.09%	–
BPL	New	BUCKEYE PARTNERS LP LTD PARTNE	$554,000	–	8,659	–	0.08%	–
WY	New	WEYERHAEUSER CO	$536,000	–	16,004	–	0.08%	–
MAN	New	MANPOWER INC WISCONSIN	$527,000	–	4,724	–	0.08%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$509,000	–	8,177	–	0.08%	–
TXN	New	TEXAS INSTRUMENTS	$492,000	–	6,400	–	0.08%	–
EFA	New	ISHARES MSCI EAFE INDEX	$480,000	–	7,364	–	0.07%	–
INTU	New	INTUIT INC	$478,000	–	3,600	–	0.07%	–
GOOGL	New	ALPHABET INC VOTING CL A	$472,000	–	508	–	0.07%	–
RTN	New	RAYTHEON COMPANY NEW	$468,000	–	2,900	–	0.07%	–
BFS	New	SAUL CENTERS INC.	$468,000	–	8,078	–	0.07%	–
MSI	New	MOTOROLA SOLUTIONS, INC	$450,000	–	5,191	–	0.07%	–
ORCL	New	ORACLE CORP	$445,000	–	8,868	–	0.07%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$436,000	–	3,494	–	0.07%	–
MDT	New	MEDTRONIC INC	$429,000	–	4,831	–	0.07%	–
CSX	New	C S X CORPORATION	$415,000	–	7,600	–	0.06%	–
BP	New	BP PLC SPONS ADR	$410,000	–	11,828	–	0.06%	–
LH	New	LABORATORY CORP OF AMERICA	$389,000	–	2,527	–	0.06%	–
PSX	New	PHILLIPS 66	$383,000	–	4,626	–	0.06%	–
XEC	New	CIMAREX ENERGY CO.	$376,000	–	4,000	–	0.06%	–
MO	New	ALTRIA GROUP	$354,000	–	4,760	–	0.05%	–
APC	New	ANADARKO PETROLEUM CORP	$336,000	–	7,399	–	0.05%	–
DHR	New	DANAHER CORP	$338,000	–	4,001	–	0.05%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GROU	$342,000	–	7,950	–	0.05%	–
LLY	New	ELI LILLY & CO	$335,000	–	4,066	–	0.05%	–
IP	New	INTERNATIONAL PAPER CO	$329,000	–	5,809	–	0.05%	–
VAC	New	MARRIOTT VACATIONS WORLDWIDE C	$319,000	–	2,705	–	0.05%	–
DTE	New	DTE ENERGY	$319,000	–	3,011	–	0.05%	–
PX	New	PRAXAIR INC	$307,000	–	2,319	–	0.05%	–
VMC	New	VULCAN MATERIALS CO	$304,000	–	2,400	–	0.05%	–
DVMT	New	DELL TECHNOLOGIES CL V	$309,000	–	5,060	–	0.05%	–
TMO	New	THERMO FISHER SCIENTIFIC	$300,000	–	1,720	–	0.05%	–
NMY	New	NUVEEN MD PREMIUM INC MUNICIPAmf	$299,000	–	23,025	–	0.05%	–
	New	FEDERATED SHORT TERM MUNI TR Imf	$287,000	–	27,965	–	0.04%	–
HST	New	HOST HOTELS & RESORTS	$278,000	–	15,229	–	0.04%	–
WCN	New	WASTE CONNECTIONS INC	$279,000	–	4,333	–	0.04%	–
CABO	New	CABLE ONE INC	$279,000	–	392	–	0.04%	–
COP	New	CONOCOPHILLIPS	$271,000	–	6,159	–	0.04%	–
	New	EATON VANCE NAT LIM MATURITY Tmf	$277,000	–	29,752	–	0.04%	–
UN	New	UNILEVER	$265,000	–	4,800	–	0.04%	–
GHC	New	GRAHAM HOLDINGS CO.	$258,000	–	430	–	0.04%	–
WMT	New	WAL-MART STORES INC	$263,000	–	3,477	–	0.04%	–
HCP	New	HEALTH CARE PPTY INVS	$253,000	–	7,924	–	0.04%	–
PXD	New	PIONEER NAT RES CO	$255,000	–	1,600	–	0.04%	–
USB	New	US BANCORP DEL (NEW)	$251,000	–	4,836	–	0.04%	–
XLU	New	SELECT SECTOR SPDR TR UTILITIE	$249,000	–	4,800	–	0.04%	–
HOG	New	HARLEY DAVIDSON INC	$249,000	–	4,600	–	0.04%	–
SLB	New	SCHLUMBERGER LIMITED	$244,000	–	3,701	–	0.04%	–
KEY	New	KEYCORP	$236,000	–	12,600	–	0.04%	–
HRL	New	HORMEL FOODS CORP	$237,000	–	6,960	–	0.04%	–
NSC	New	NORFOLK SOUTHERN CORP	$230,000	–	1,887	–	0.04%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$223,000	–	3,500	–	0.03%	–
YUM	New	YUM BRANDS INC	$224,000	–	3,040	–	0.03%	–
NFG	New	NATIONAL FUEL GAS CO	$216,000	–	3,868	–	0.03%	–
MDLZ	New	MONDELEZ INTL INC	$205,000	–	4,747	–	0.03%	–
	New	TEMPLETON GLOBAL BOND FUND CLmf	$200,000	–	16,397	–	0.03%	–
	New	INVESCO GLOBAL CORE EQUITY FUNmf	$200,000	–	12,934	–	0.03%	–
IFF	New	INTERNATIONAL FLAVORS & FRAGRA	$202,000	–	1,500	–	0.03%	–
	New	PIMCO REAL RETURN BOND FD CL Cmf	$153,000	–	13,953	–	0.02%	–
PMO	New	PUTNAM MUNI OPPORTUNITIES TR Smf	$153,000	–	12,262	–	0.02%	–
	New	HIGHLAND FDS I FLTG RATE OPPORmf	$106,000	–	14,505	–	0.02%	–
	New	FRANKLIN INCOME FUNDmf	$77,000	–	32,681	–	0.01%	–
	New	VANGUARD MONEY MARKET RESERVESmf	$63,000	–	62,934	–	0.01%	–
PPHM	New	PEREGRINE PHARMACEUTICAL	$6,000	–	10,000	–	0.00%	–
COCBF	New	COASTAL CARIBBEAN OILS & MINER	$0	–	69,910	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
	Exit	IATRA LIFE SCIENCES CORP	$0	–	-10,285	–	0.00%	–
COCBF	Exit	COASTAL CARIBBEAN OILS & MINER	$0	–	-69,910	–	0.00%	–
PBW	Exit	POWERSHARES WILDERHILL CLEAN E	$0	–	-11,419	–	-0.01%	–
	Exit	VANGUARD MONEY MARKET RESERVESmf	$0	–	-63,470	–	-0.01%	–
	Exit	FRANKLIN INCOME FUNDmf	$0	–	-32,681	–	-0.01%	–
	Exit	HIGHLAND FDS I FLTG RATE OPPORmf	$0	–	-14,505	–	-0.02%	–
	Exit	PIMCO FUNDS DEVELOPING LOCAL Mmf	$0	–	-12,028	–	-0.02%	–
AA	Exit	ALCOA INC	$0	–	-10,900	–	-0.02%	–
	Exit	BLACKROCK FUNDS MULTI ASSET INmf	$0	–	-12,264	–	-0.02%	–
KEY	Exit	KEYCORP	$0	–	-12,600	–	-0.02%	–
	Exit	PIMCO REAL RETURN BOND FD CL Cmf	$0	–	-13,953	–	-0.03%	–
PMO	Exit	PUTNAM MUNI OPPORTUNITIES TR Smf	$0	–	-12,262	–	-0.03%	–
	Exit	INVESCO GLOBAL CORE EQUITY FUNmf	$0	–	-12,800	–	-0.03%	–
VAC	Exit	MARRIOTT VACATIONS WORLDWIDE C	$0	–	-2,705	–	-0.03%	–
CABO	Exit	CABLE ONE INC	$0	–	-392	–	-0.03%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-2,889	–	-0.04%	–
NFG	Exit	NATIONAL FUEL GAS CO	$0	–	-3,868	–	-0.04%	–
GHC	Exit	GRAHAM HOLDINGS CO.	$0	–	-430	–	-0.04%	–
UN	Exit	UNILEVER	$0	–	-4,800	–	-0.04%	–
CSX	Exit	C S X CORPORATION	$0	–	-7,800	–	-0.04%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-1,024	–	-0.04%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-5,047	–	-0.04%	–
	Exit	TEMPLETON GLOBAL BOND FUND CLmf	$0	–	-20,823	–	-0.04%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-4,600	–	-0.04%	–
XLU	Exit	SELECT SECTOR SPDR TR UTILITIE	$0	–	-4,800	–	-0.04%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-6,279	–	-0.04%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-1,600	–	-0.04%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-6,960	–	-0.04%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-3,500	–	-0.04%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-5,809	–	-0.04%	–
PX	Exit	PRAXAIR INC	$0	–	-2,296	–	-0.04%	–
HST	Exit	HOST HOTELS & RESORTS	$0	–	-15,229	–	-0.04%	–
HCP	Exit	HEALTH CARE PPTY INVS	$0	–	-6,924	–	-0.04%	–
TMO	Exit	THERMO FISHER SCIENTIFIC	$0	–	-1,770	–	-0.05%	–
	Exit	EATON VANCE NAT LIM MATURITY Tmf	$0	–	-29,752	–	-0.05%	–
	Exit	FEDERATED SHORT TERM MUNI TR Imf	$0	–	-27,965	–	-0.05%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-3,494	–	-0.05%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-2,400	–	-0.05%	–
AMP	Exit	AMERIPRISE FINANCIAL	$0	–	-3,179	–	-0.05%	–
MO	Exit	ALTRIA GROUP	$0	–	-4,700	–	-0.05%	–
DTE	Exit	DTE ENERGY	$0	–	-3,306	–	-0.05%	–
MAN	Exit	MANPOWER INC WISCONSIN	$0	–	-4,724	–	-0.05%	–
SLB	Exit	SCHLUMBERGER LIMITED	$0	–	-4,137	–	-0.06%	–
NMY	Exit	NUVEEN MD PREMIUM INC MUNICIPAmf	$0	–	-23,025	–	-0.06%	–
DHR	Exit	DANAHER CORP	$0	–	-4,111	–	-0.06%	–
LLY	Exit	ELI LILLY & CO	$0	–	-4,066	–	-0.06%	–
LH	Exit	LABORATORY CORP OF AMERICA	$0	–	-2,427	–	-0.06%	–
PSX	Exit	PHILLIPS 66	$0	–	-4,557	–	-0.06%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-6,349	–	-0.06%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-4,733	–	-0.06%	–
MSI	Exit	MOTOROLA SOLUTIONS, INC	$0	–	-5,221	–	-0.06%	–
ORCL	Exit	ORACLE CORP	$0	–	-8,918	–	-0.06%	–
MDT	Exit	MEDTRONIC INC	$0	–	-4,201	–	-0.06%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GROU	$0	–	-8,150	–	-0.06%	–
INTU	Exit	INTUIT INC	$0	–	-3,600	–	-0.07%	–
BP	Exit	BP PLC SPONS ADR	$0	–	-11,528	–	-0.07%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-2,900	–	-0.07%	–
GOOGL	Exit	ALPHABET INC VOTING CL A	$0	–	-523	–	-0.07%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-6,400	–	-0.07%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-8,177	–	-0.08%	–
YUM	Exit	YUM BRANDS INC	$0	–	-5,209	–	-0.08%	–
XEC	Exit	CIMAREX ENERGY CO.	$0	–	-4,000	–	-0.08%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-4,850	–	-0.08%	–
DOW	Exit	DOW CHEMICAL COMPANY (THE)	$0	–	-9,150	–	-0.08%	–
LMT	Exit	LOCKHEED MARTIN	$0	–	-2,009	–	-0.08%	–
MS	Exit	MORGAN STANLEY & CO	$0	–	-17,938	–	-0.08%	–
BAC	Exit	BANK OF AMERICA	$0	–	-36,204	–	-0.09%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-16,004	–	-0.09%	–
TRV	Exit	THE TRAVELERS COS INC	$0	–	-4,560	–	-0.09%	–
GLW	Exit	CORNING INC.	$0	–	-24,300	–	-0.09%	–
BFS	Exit	SAUL CENTERS INC.	$0	–	-8,078	–	-0.09%	–
	Exit	MASS INVESTMENT TRUST CLASS Amf	$0	–	-19,449	–	-0.09%	–
ALL	Exit	ALLSTATE CORPORATION	$0	–	-8,182	–	-0.09%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CLA	$0	–	-3,914	–	-0.09%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-8,899	–	-0.10%	–
BPL	Exit	BUCKEYE PARTNERS LP LTD PARTNE	$0	–	-8,550	–	-0.10%	–
	Exit	MATTHEWS INTL JAPAN CLASS Imf	$0	–	-33,431	–	-0.11%	–
NTRS	Exit	NORTHERN TRUST CORP	$0	–	-10,400	–	-0.12%	–
NVG	Exit	NUVEEN INSD DIV ADV MUNI FD COmf	$0	–	-43,429	–	-0.12%	–
QQQ	Exit	POWERSHARES QQQ TR ETF SERIES	$0	–	-6,211	–	-0.12%	–
HD	Exit	HOME DEPOT	$0	–	-5,230	–	-0.12%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-8,358	–	-0.13%	–
UDR	Exit	UDR INC	$0	–	-20,864	–	-0.13%	–
SJM	Exit	SMUCKER J.M. CO	$0	–	-5,052	–	-0.13%	–
AMGN	Exit	AMGEN INC	$0	–	-4,551	–	-0.13%	–
	Exit	WASHINGTON MUTUAL INVESTORS FUmf	$0	–	-19,348	–	-0.13%	–
WFM	Exit	WHOLE FOODS MARKET	$0	–	-26,920	–	-0.14%	–
EMR	Exit	EMERSON ELECTRIC CO.	$0	–	-15,954	–	-0.15%	–
CL	Exit	COLGATE-PALMOLIVE COMPANY	$0	–	-12,162	–	-0.15%	–
VWO	Exit	VANGUARD EMERGING MARKETS ETF	$0	–	-25,715	–	-0.16%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-24,741	–	-0.16%	–
VOO	Exit	VANGUARD S&P ETF	$0	–	-5,002	–	-0.16%	–
EFA	Exit	ISHARES MSCI EAFE INDEX	$0	–	-17,225	–	-0.17%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC.	$0	–	-7,710	–	-0.17%	–
BEN	Exit	FRANKLIN RESOURCES INC	$0	–	-28,119	–	-0.17%	–
GOOG	Exit	ALPHABET INC NON-VOTING CL C	$0	–	-1,363	–	-0.17%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-22,377	–	-0.19%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-12,334	–	-0.20%	–
BMY	Exit	BRISTOL-MYERS SQUIBB COMPANY	$0	–	-17,159	–	-0.21%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-28,616	–	-0.21%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-18,229	–	-0.22%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKET	$0	–	-35,770	–	-0.22%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-38,264	–	-0.23%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-16,516	–	-0.23%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET	$0	–	-12,935	–	-0.24%	–
BA	Exit	BOEING	$0	–	-11,000	–	-0.24%	–
TGT	Exit	TARGET CORP	$0	–	-19,604	–	-0.24%	–
HSY	Exit	HERSHEY COMPANY	$0	–	-14,086	–	-0.26%	–
FRT	Exit	FEDERAL REALTY INV TR S B I	$0	–	-9,364	–	-0.26%	–
MTB	Exit	M & T BANK CORP	$0	–	-15,050	–	-0.28%	–
APA	Exit	APACHE CORP	$0	–	-33,639	–	-0.29%	–
ABBV	Exit	ABBVIE INC	$0	–	-26,687	–	-0.29%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-2,345	–	-0.30%	–
WGL	Exit	WGL HLDGS INC	$0	–	-25,641	–	-0.30%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-47,678	–	-0.34%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-57,970	–	-0.34%	–
EMC	Exit	EMC CORP MASSACHUSETTS	$0	–	-81,370	–	-0.38%	–
AXP	Exit	AMERICAN EXPRESS INC	$0	–	-36,242	–	-0.39%	–
VB	Exit	VANGUARD SMALL CAP ETF	$0	–	-19,624	–	-0.40%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-23,699	–	-0.46%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-22,334	–	-0.48%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-54,790	–	-0.50%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-23,872	–	-0.51%	–
CAT	Exit	CATERPILLAR INCORPORATED	$0	–	-37,666	–	-0.52%	–
VO	Exit	VANGUARD MID CAP ETF	$0	–	-24,263	–	-0.52%	–
WRE	Exit	WASH REAL ESTATE INV TRUST S B	$0	–	-93,717	–	-0.53%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-35,089	–	-0.54%	–
D	Exit	DOMINION RESOURCES INC OF VA	$0	–	-43,914	–	-0.57%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DEL CLA	$0	–	-16	–	-0.57%	–
MMM	Exit	3M CO.	$0	–	-19,503	–	-0.58%	–
WRI	Exit	WEINGARTEN REALTY INVS S B I	$0	–	-81,777	–	-0.58%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-24,797	–	-0.59%	–
IBB	Exit	ISHARES NASDAQ BIOTECH INDEX	$0	–	-12,371	–	-0.59%	–
AAPL	Exit	APPLE INC	$0	–	-37,343	–	-0.64%	–
IWM	Exit	ISHARES RUSSELL 2000 IDX	$0	–	-32,103	–	-0.64%	–
MAR	Exit	MARRIOTT INTERNATIONAL, NEW IN	$0	–	-55,980	–	-0.66%	–
T	Exit	AT&T CORP NEW	$0	–	-96,564	–	-0.69%	–
MJN	Exit	MEAD JOHNSON NUTRITION	$0	–	-49,246	–	-0.73%	–
MRK	Exit	MERCK & COMPANY INCORPORATED N	$0	–	-76,060	–	-0.74%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-102,294	–	-0.76%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-150,368	–	-0.76%	–
PNY	Exit	PIEDMONT NATURAL GAS	$0	–	-77,478	–	-0.77%	–
K	Exit	KELLOGG COMPANY	$0	–	-56,611	–	-0.78%	–
SO	Exit	SOUTHERN COMPANY (THE)	$0	–	-88,075	–	-0.78%	–
INTC	Exit	INTEL CORP COM	$0	–	-138,210	–	-0.80%	–
FDX	Exit	FEDEX CORP	$0	–	-29,950	–	-0.80%	–
WTR	Exit	AQUA AMERICA	$0	–	-140,870	–	-0.81%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-52,353	–	-0.83%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-33,751	–	-0.90%	–
IWR	Exit	ISHARES RUSSELL MIDCAP INDEX	$0	–	-31,627	–	-0.92%	–
V	Exit	VISA INC CLASS A	$0	–	-73,745	–	-0.95%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-91,090	–	-0.96%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-100,278	–	-1.06%	–
UTX	Exit	UNITED TECHNOLOGIES CORP COM	$0	–	-60,431	–	-1.08%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE, INC.	$0	–	-82,055	–	-1.08%	–
MCD	Exit	MC DONALD'S CORPORATION	$0	–	-57,202	–	-1.11%	–
CC	Exit	CHEMOURS CO	$0	–	-766,561	–	-1.18%	–
WFC	Exit	WELLS FARGO & CO. NEW	$0	–	-154,636	–	-1.23%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-76,606	–	-1.25%	–
CVX	Exit	CHEVRON CORP	$0	–	-74,310	–	-1.26%	–
BDX	Exit	BECTON DICKINSON	$0	–	-46,351	–	-1.35%	–
ITW	Exit	ILLINOIS TOOL WORKS INC.	$0	–	-75,411	–	-1.44%	–
TROW	Exit	T ROWE PRICE GROUP INC.	$0	–	-123,964	–	-1.45%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-181,382	–	-1.70%	–
LOW	Exit	LOWES COS	$0	–	-138,185	–	-1.88%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-107,202	–	-1.93%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-479,624	–	-2.47%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-127,524	–	-2.64%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-192,379	–	-2.73%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-249,816	–	-3.68%	–
VGT	Exit	VANGUARD INFORMATION TECHNOLOG	$0	–	-223,805	–	-4.27%	–
DD	Exit	DU PONT (E.I.) DE NEMOURS & CO	$0	–	-2,589,360	–	-29.66%	–

Q3 2016

			Value		Shares		↓ Weighting
VGT	Buy	VANGUARD INFORMATION TECHNOLOG	$25,782,000	+7.7%	223,805	+0.1%	4.27%	+3.7%
XOM	Sell	EXXON MOBIL CORPORATION	$22,221,000	-5.1%	249,816	-0.0%	3.68%	-8.6%
PG	Buy	PROCTER & GAMBLE COMPANY	$16,465,000	+1.2%	192,379	+0.1%	2.73%	-2.5%
JNJ	Buy	JOHNSON & JOHNSON	$15,970,000	+3.3%	127,524	+0.1%	2.64%	-0.5%
GE	Buy	GENERAL ELECTRIC COMPANY	$14,936,000	-0.9%	479,624	+0.1%	2.47%	-4.6%
PEP	Buy	PEPSICO INCORPORATED	$11,677,000	+2.9%	107,202	+0.1%	1.93%	-0.9%
LOW	Sell	LOWES COS	$11,370,000	+3.8%	138,185	-0.1%	1.88%	0.0%
MSFT	Buy	MICROSOFT CORPORATION	$10,281,000	+10.8%	181,382	+0.0%	1.70%	+6.7%
TROW	Buy	T ROWE PRICE GROUP INC.	$8,763,000	-3.1%	123,964	+0.0%	1.45%	-6.6%
ITW	Sell	ILLINOIS TOOL WORKS INC.	$8,702,000	+9.8%	75,411	-0.9%	1.44%	+5.8%
BDX	Buy	BECTON DICKINSON	$8,158,000	+3.8%	46,351	+0.0%	1.35%	0.0%
WFC	Sell	WELLS FARGO & CO. NEW	$7,418,000	+1.3%	154,636	-0.1%	1.23%	-2.5%
CC	Buy	CHEMOURS CO	$7,129,000	+12.9%	766,561	+0.0%	1.18%	+8.7%
MCD	Buy	MC DONALD'S CORPORATION	$6,730,000	-2.1%	57,202	+0.1%	1.11%	-5.8%
WBA	Sell	WALGREENS BOOTS ALLIANCE, INC.	$6,503,000	-4.9%	82,055	-0.1%	1.08%	-8.4%
UTX	Buy	UNITED TECHNOLOGIES CORP COM	$6,505,000	+5.1%	60,431	+0.1%	1.08%	+1.2%
XRAY	Buy	DENTSPLY SIRONA INC	$6,422,000	+3.3%	100,278	+0.1%	1.06%	-0.5%
JPM	Sell	JPMORGAN CHASE & CO.	$5,827,000	+2.9%	91,090	-0.0%	0.96%	-0.8%
V	Buy	VISA INC CLASS A	$5,756,000	+5.5%	73,745	+0.2%	0.95%	+1.6%
IBM	Sell	INTERNATIONAL BUSINESS MACHINE	$5,421,000	+5.7%	33,751	-0.1%	0.90%	+1.9%
DIS	Buy	WALT DISNEY COMPANY	$5,024,000	-1.7%	52,353	+0.2%	0.83%	-5.2%
WTR	Sell	AQUA AMERICA	$4,880,000	-3.0%	140,870	-0.1%	0.81%	-6.5%
FDX	Buy	FEDEX CORP	$4,849,000	+6.8%	29,950	+0.1%	0.80%	+2.8%
INTC	Sell	INTEL CORP COM	$4,818,000	+6.1%	138,210	-0.1%	0.80%	+2.3%
SO	Sell	SOUTHERN COMPANY (THE)	$4,712,000	-0.3%	88,075	-0.1%	0.78%	-4.1%
PNY	Sell	PIEDMONT NATURAL GAS	$4,633,000	-1.1%	77,478	-0.6%	0.77%	-4.7%
ABT	Sell	ABBOTT LABORATORIES	$4,578,000	+13.7%	102,294	-0.1%	0.76%	+9.5%
MRK	Sell	MERCK & COMPANY INCORPORATED N	$4,462,000	+1.7%	76,060	-0.1%	0.74%	-2.0%
MJN	Buy	MEAD JOHNSON NUTRITION	$4,393,000	-1.5%	49,246	+0.2%	0.73%	-5.2%
MAR	Buy	MARRIOTT INTERNATIONAL, NEW IN	$4,014,000	+8.1%	55,980	+0.2%	0.66%	+4.2%
IWM	Sell	ISHARES RUSSELL 2000 IDX	$3,887,000	+5.3%	32,103	-0.0%	0.64%	+1.4%
AAPL	Buy	APPLE INC	$3,891,000	+9.4%	37,343	+0.4%	0.64%	+5.4%
IBB	Buy	ISHARES NASDAQ BIOTECH INDEX	$3,581,000	+12.5%	12,371	+0.1%	0.59%	+8.4%
UNH	Buy	UNITED HEALTHCARE CORP	$3,551,000	+1.7%	24,797	+0.3%	0.59%	-2.0%
VO	Buy	VANGUARD MID CAP ETF	$3,137,000	+4.7%	24,263	+0.1%	0.52%	+0.8%
CAT	Buy	CATERPILLAR INCORPORATED	$3,117,000	+9.4%	37,666	+0.3%	0.52%	+5.5%
VZ	Buy	VERIZON COMMUNICATIONS	$3,036,000	-0.2%	54,790	+0.6%	0.50%	-3.8%
NEE	Buy	NEXTERA ENERGY	$2,866,000	-1.2%	22,334	+0.4%	0.48%	-4.6%
VB	Buy	VANGUARD SMALL CAP ETF	$2,384,000	+5.3%	19,624	+0.3%	0.40%	+1.5%
AXP	Sell	AMERICAN EXPRESS INC	$2,336,000	+5.8%	36,242	-0.2%	0.39%	+2.1%
EMC	Buy	EMC CORP MASSACHUSETTS	$2,301,000	+4.4%	81,370	+0.3%	0.38%	+0.5%
SE	Sell	SPECTRA ENERGY CORP	$2,085,000	-1.9%	57,970	-0.1%	0.34%	-5.5%
KO	Buy	COCA-COLA COMPANY	$2,080,000	-3.3%	47,678	+0.4%	0.34%	-7.0%
APA	Sell	APACHE CORP	$1,766,000	-6.2%	33,639	-0.5%	0.29%	-9.6%
FRT	Sell	FEDERAL REALTY INV TR S B I	$1,589,000	+2.3%	9,364	-0.3%	0.26%	-1.5%
HSY	Sell	HERSHEY COMPANY	$1,560,000	-3.5%	14,086	-1.1%	0.26%	-7.2%
TGT	Sell	TARGET CORP	$1,477,000	+7.4%	19,604	-0.5%	0.24%	+3.8%
VTI	Buy	VANGUARD TOTAL STOCK MARKET	$1,441,000	+8.9%	12,935	+4.7%	0.24%	+5.3%
PFE	Buy	PFIZER INCORPORATED	$1,412,000	+5.1%	38,264	+0.3%	0.23%	+1.3%
VEA	Buy	VANGUARD FTSE DEVELOPED MARKET	$1,317,000	+5.5%	35,770	+1.3%	0.22%	+1.9%
GOOG	Sell	ALPHABET INC NON-VOTING CL C	$1,048,000	+10.8%	1,363	-0.3%	0.17%	+6.7%
EFA	Sell	ISHARES MSCI EAFE INDEX	$1,000,000	+1.6%	17,225	-2.3%	0.17%	-1.8%
BK	Buy	BANK OF NEW YORK MELLON CORP	$975,000	+3.7%	24,741	+2.2%	0.16%	-0.6%
VWO	Sell	VANGUARD EMERGING MARKETS ETF	$952,000	+4.0%	25,715	-1.0%	0.16%	+0.6%
EMR	Buy	EMERSON ELECTRIC CO.	$892,000	+8.5%	15,954	+1.3%	0.15%	+5.0%
WFM	Sell	WHOLE FOODS MARKET	$821,000	-5.8%	26,920	-1.1%	0.14%	-9.3%
	Buy	MATTHEWS INTL JAPAN CLASS Imf	$684,000	+1.5%	33,431	+0.0%	0.11%	-2.6%
	Buy	MASS INVESTMENT TRUST CLASS Amf	$559,000	+4.9%	19,449	+0.4%	0.09%	+1.1%
WY	Sell	WEYERHAEUSER CO	$524,000	+9.6%	16,004	-0.3%	0.09%	+6.1%
GOOGL	Sell	ALPHABET INC VOTING CL A	$414,000	+11.6%	523	-0.9%	0.07%	+7.8%
BP	Sell	BP PLC SPONS ADR	$397,000	-3.9%	11,528	-0.9%	0.07%	-7.0%
MSI	Buy	MOTOROLA SOLUTIONS, INC	$362,000	+5.2%	5,221	+0.1%	0.06%	+1.7%
MO	Buy	ALTRIA GROUP	$318,000	+2.9%	4,700	+5.0%	0.05%	0.0%
AMP	Buy	AMERIPRISE FINANCIAL	$305,000	+19.1%	3,179	+11.8%	0.05%	+13.6%
	Buy	TEMPLETON GLOBAL BOND FUND CLmf	$234,000	-0.8%	20,823	+0.2%	0.04%	-4.9%
VAC	New	MARRIOTT VACATIONS WORLDWIDE C	$206,000	–	2,705	–	0.03%	–
	New	VANGUARD MONEY MARKET RESERVESmf	$63,000	–	63,470	–	0.01%	–
PBW	New	POWERSHARES WILDERHILL CLEAN E	$45,000	–	11,419	–	0.01%	–
	New	IATRA LIFE SCIENCES CORP	$0	–	10,285	–	0.00%	–
AES	Exit	THE A E S CORP DELAWARE	$0	–	-330	–	-0.00%	–
	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-540	–	-0.00%	–
	Exit	FRANKLIN VIRGINIA TAX FREE INCOME FD CL Amf	$0	–	-11,620	–	-0.02%	–

Q2 2016

			Value		Shares		↓ Weighting
DD	New	DU PONT (E.I.) DE NEMOURS & CO	$167,791,000	–	2,589,360	–	28.84%	–
VGT	New	VANGUARD INFORMATION TECHNOLOGY VIPERS	$23,942,000	–	223,565	–	4.12%	–
XOM	New	EXXON MOBIL CORPORATION	$23,422,000	–	249,856	–	4.03%	–
PG	New	PROCTER & GAMBLE COMPANY	$16,265,000	–	192,093	–	2.80%	–
JNJ	New	JOHNSON & JOHNSON	$15,458,000	–	127,439	–	2.66%	–
GE	New	GENERAL ELECTRIC COMPANY	$15,077,000	–	478,933	–	2.59%	–
PEP	New	PEPSICO INCORPORATED	$11,345,000	–	107,086	–	1.95%	–
LOW	New	LOWES COS	$10,954,000	–	138,360	–	1.88%	–
MSFT	New	MICROSOFT CORPORATION	$9,279,000	–	181,341	–	1.60%	–
TROW	New	T ROWE PRICE GROUP INC.	$9,043,000	–	123,935	–	1.55%	–
ITW	New	ILLINOIS TOOL WORKS INC.	$7,924,000	–	76,070	–	1.36%	–
CHD	New	CHURCH & DWIGHT CO INC	$7,882,000	–	76,606	–	1.36%	–
BDX	New	BECTON DICKINSON	$7,859,000	–	46,343	–	1.35%	–
CVX	New	CHEVRON CORP	$7,790,000	–	74,310	–	1.34%	–
WFC	New	WELLS FARGO & CO. NEW	$7,324,000	–	154,751	–	1.26%	–
MCD	New	MC DONALD'S CORPORATION	$6,877,000	–	57,147	–	1.18%	–
WBA	New	WALGREENS BOOTS ALLIANCE, INC.	$6,841,000	–	82,160	–	1.18%	–
CC	New	CHEMOURS CO	$6,316,000	–	766,531	–	1.09%	–
XRAY	New	DENTSPLY SIRONA INC	$6,214,000	–	100,165	–	1.07%	–
UTX	New	UNITED TECHNOLOGIES CORP COM	$6,190,000	–	60,363	–	1.06%	–
JPM	New	JPMORGAN CHASE & CO.	$5,662,000	–	91,115	–	0.97%	–
V	New	VISA INC CLASS A	$5,457,000	–	73,575	–	0.94%	–
IWR	New	ISHARES RUSSELL MIDCAP INDEX	$5,320,000	–	31,627	–	0.91%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE CORP	$5,128,000	–	33,786	–	0.88%	–
DIS	New	WALT DISNEY COMPANY	$5,110,000	–	52,237	–	0.88%	–
WTR	New	AQUA AMERICA	$5,029,000	–	141,020	–	0.86%	–
SO	New	SOUTHERN COMPANY (THE)	$4,728,000	–	88,165	–	0.81%	–
PNY	New	PIEDMONT NATURAL GAS	$4,685,000	–	77,920	–	0.80%	–
K	New	KELLOGG COMPANY	$4,622,000	–	56,611	–	0.79%	–
FDX	New	FEDEX CORP	$4,542,000	–	29,930	–	0.78%	–
INTC	New	INTEL CORP COM	$4,540,000	–	138,400	–	0.78%	–
MJN	New	MEAD JOHNSON NUTRITION	$4,462,000	–	49,171	–	0.77%	–
MRK	New	MERCK & COMPANY INCORPORATED NEW	$4,387,000	–	76,135	–	0.75%	–
CSCO	New	CISCO SYSTEMS INC	$4,314,000	–	150,368	–	0.74%	–
T	New	AT&T CORP NEW	$4,173,000	–	96,564	–	0.72%	–
ABT	New	ABBOTT LABORATORIES	$4,027,000	–	102,434	–	0.69%	–
MAR	New	MARRIOTT INTERNATIONAL, NEW INC CL A	$3,712,000	–	55,855	–	0.64%	–
IWM	New	ISHARES RUSSELL 2000 IDX	$3,692,000	–	32,113	–	0.64%	–
AAPL	New	APPLE INC	$3,557,000	–	37,203	–	0.61%	–
UNH	New	UNITED HEALTHCARE CORP	$3,491,000	–	24,722	–	0.60%	–
BRKA	New	BERKSHIRE HATHAWAY INC DEL CLASS A	$3,472,000	–	16	–	0.60%	–
D	New	DOMINION RESOURCES INC OF VA	$3,423,000	–	43,914	–	0.59%	–
MMM	New	3M CO.	$3,415,000	–	19,503	–	0.59%	–
WRI	New	WEINGARTEN REALTY INVS S B I	$3,338,000	–	81,777	–	0.57%	–
KMB	New	KIMBERLY-CLARK CORP	$3,282,000	–	23,872	–	0.56%	–
IBB	New	ISHARES NASDAQ BIOTECH INDEX FD	$3,182,000	–	12,364	–	0.55%	–
UNP	New	UNION PACIFIC CORP	$3,062,000	–	35,089	–	0.53%	–
VZ	New	VERIZON COMMUNICATIONS	$3,041,000	–	54,451	–	0.52%	–
VO	New	VANGUARD MID CAP ETF	$2,997,000	–	24,243	–	0.52%	–
WRE	New	WASH REAL ESTATE INV TRUST S B I	$2,948,000	–	93,717	–	0.51%	–
NEE	New	NEXTERA ENERGY	$2,900,000	–	22,240	–	0.50%	–
CAT	New	CATERPILLAR INCORPORATED	$2,848,000	–	37,561	–	0.49%	–
HON	New	HONEYWELL INTERNATIONAL INC	$2,756,000	–	23,699	–	0.47%	–
VB	New	VANGUARD SMALL CAP ETF	$2,264,000	–	19,574	–	0.39%	–
AXP	New	AMERICAN EXPRESS INC	$2,207,000	–	36,312	–	0.38%	–
EMC	New	EMC CORP MASSACHUSETTS	$2,205,000	–	81,147	–	0.38%	–
KO	New	COCA-COLA COMPANY	$2,152,000	–	47,475	–	0.37%	–
SE	New	SPECTRA ENERGY CORP	$2,126,000	–	58,045	–	0.36%	–
APA	New	APACHE CORP	$1,882,000	–	33,804	–	0.32%	–
WGL	New	WGL HLDGS INC	$1,815,000	–	25,641	–	0.31%	–
MTB	New	M & T BANK CORP	$1,779,000	–	15,050	–	0.31%	–
AMZN	New	AMAZON.COM INC	$1,678,000	–	2,345	–	0.29%	–
ABBV	New	ABBVIE INC	$1,652,000	–	26,687	–	0.28%	–
HSY	New	HERSHEY COMPANY	$1,616,000	–	14,236	–	0.28%	–
FRT	New	FEDERAL REALTY INV TR S B I	$1,554,000	–	9,389	–	0.27%	–
BA	New	BOEING	$1,429,000	–	11,000	–	0.25%	–
DUK	New	DUKE ENERGY CORP	$1,417,000	–	16,516	–	0.24%	–
TGT	New	TARGET CORP	$1,375,000	–	19,700	–	0.24%	–
PFE	New	PFIZER INCORPORATED	$1,344,000	–	38,163	–	0.23%	–
VTI	New	VANGUARD TOTAL STOCK MARKET	$1,323,000	–	12,350	–	0.23%	–
GIS	New	GENERAL MILLS INC	$1,300,000	–	18,229	–	0.22%	–
BMY	New	BRISTOL-MYERS SQUIBB COMPANY	$1,262,000	–	17,159	–	0.22%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKETS ETF	$1,248,000	–	35,295	–	0.21%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$1,227,000	–	28,616	–	0.21%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$1,182,000	–	12,334	–	0.20%	–
SYY	New	SYSCO CORPORATION	$1,135,000	–	22,377	–	0.20%	–
EFA	New	ISHARES MSCI EAFE INDEX	$984,000	–	17,625	–	0.17%	–
VOO	New	VANGUARD S&P ETF	$961,000	–	5,002	–	0.16%	–
GOOG	New	ALPHABET INC NON-VOTING CL C	$946,000	–	1,367	–	0.16%	–
BK	New	BANK OF NEW YORK MELLON CORP	$940,000	–	24,201	–	0.16%	–
BEN	New	FRANKLIN RESOURCES INC	$938,000	–	28,119	–	0.16%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC.	$929,000	–	7,710	–	0.16%	–
VWO	New	VANGUARD EMERGING MARKETS ETF	$915,000	–	25,965	–	0.16%	–
CL	New	COLGATE-PALMOLIVE COMPANY	$890,000	–	12,162	–	0.15%	–
WFM	New	WHOLE FOODS MARKET	$872,000	–	27,214	–	0.15%	–
EMR	New	EMERSON ELECTRIC CO.	$822,000	–	15,754	–	0.14%	–
CVS	New	CVS CAREMARK CORPORATION	$800,000	–	8,358	–	0.14%	–
	New	WASHINGTON MUTUAL INVESTORS FUND	$776,000	–	19,348	–	0.13%	–
UDR	New	UDR INC	$770,000	–	20,864	–	0.13%	–
SJM	New	SMUCKER J.M. CO	$770,000	–	5,052	–	0.13%	–
NVG	New	NUVEEN INSD DIV ADV MUNI FD COM SH BEN INTmf	$706,000	–	43,429	–	0.12%	–
AMGN	New	AMGEN INC	$693,000	–	4,551	–	0.12%	–
NTRS	New	NORTHERN TRUST CORP	$689,000	–	10,400	–	0.12%	–
	New	MATTHEWS INTL JAPAN CLASS Imf	$674,000	–	33,430	–	0.12%	–
QQQ	New	POWERSHARES QQQ TR ETF SERIES 1	$668,000	–	6,211	–	0.12%	–
HD	New	HOME DEPOT	$668,000	–	5,230	–	0.12%	–
BPL	New	BUCKEYE PARTNERS LP LTD PARTNERSHIP	$601,000	–	8,550	–	0.10%	–
CMCSA	New	COMCAST CORP NEW CL A	$580,000	–	8,899	–	0.10%	–
ALL	New	ALLSTATE CORPORATION	$572,000	–	8,182	–	0.10%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CLASS B	$567,000	–	3,914	–	0.10%	–
TRV	New	THE TRAVELERS COS INC	$543,000	–	4,560	–	0.09%	–
	New	MASS INVESTMENT TRUST CLASS Amf	$533,000	–	19,369	–	0.09%	–
BFS	New	SAUL CENTERS INC.	$499,000	–	8,078	–	0.09%	–
LMT	New	LOCKHEED MARTIN	$499,000	–	2,009	–	0.09%	–
GLW	New	CORNING INC.	$498,000	–	24,300	–	0.09%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$493,000	–	4,850	–	0.08%	–
BAC	New	BANK OF AMERICA	$480,000	–	36,204	–	0.08%	–
XEC	New	CIMAREX ENERGY CO.	$477,000	–	4,000	–	0.08%	–
WY	New	WEYERHAEUSER CO	$478,000	–	16,054	–	0.08%	–
MS	New	MORGAN STANLEY & CO	$466,000	–	17,938	–	0.08%	–
DOW	New	DOW CHEMICAL COMPANY (THE)	$455,000	–	9,150	–	0.08%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$438,000	–	8,177	–	0.08%	–
YUM	New	YUM BRANDS INC	$432,000	–	5,209	–	0.07%	–
DHR	New	DANAHER CORP	$415,000	–	4,111	–	0.07%	–
BP	New	BP PLC SPONS ADR	$413,000	–	11,628	–	0.07%	–
TXN	New	TEXAS INSTRUMENTS	$401,000	–	6,400	–	0.07%	–
INTU	New	INTUIT INC	$402,000	–	3,600	–	0.07%	–
RTN	New	RAYTHEON COMPANY NEW	$394,000	–	2,900	–	0.07%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GROUP INC	$380,000	–	8,150	–	0.06%	–
GOOGL	New	ALPHABET INC VOTING CL A	$371,000	–	528	–	0.06%	–
MDT	New	MEDTRONIC INC	$365,000	–	4,201	–	0.06%	–
ORCL	New	ORACLE CORP	$365,000	–	8,918	–	0.06%	–
PSX	New	PHILLIPS 66	$362,000	–	4,557	–	0.06%	–
MSI	New	MOTOROLA SOLUTIONS, INC	$344,000	–	5,214	–	0.06%	–
WMT	New	WAL-MART STORES INC	$346,000	–	4,733	–	0.06%	–
APC	New	ANADARKO PETROLEUM CORP	$338,000	–	6,349	–	0.06%	–
DTE	New	DTE ENERGY	$328,000	–	3,306	–	0.06%	–
SLB	New	SCHLUMBERGER LIMITED	$327,000	–	4,137	–	0.06%	–
NMY	New	NUVEEN MD PREMIUM INC MUNICIPAL FUNDmf	$327,000	–	23,025	–	0.06%	–
LLY	New	ELI LILLY & CO	$320,000	–	4,066	–	0.06%	–
LH	New	LABORATORY CORP OF AMERICA	$316,000	–	2,427	–	0.05%	–
MO	New	ALTRIA GROUP	$309,000	–	4,475	–	0.05%	–
MAN	New	MANPOWER INC WISCONSIN	$304,000	–	4,724	–	0.05%	–
VMC	New	VULCAN MATERIALS CO	$289,000	–	2,400	–	0.05%	–
	New	FEDERATED SHORT TERM MUNI TR INSTIT SVCmf	$289,000	–	27,965	–	0.05%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$284,000	–	3,494	–	0.05%	–
	New	EATON VANCE NAT LIM MATURITY TAX FREE FDmf	$286,000	–	29,752	–	0.05%	–
COP	New	CONOCOPHILLIPS	$274,000	–	6,279	–	0.05%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$265,000	–	3,500	–	0.05%	–
TMO	New	THERMO FISHER SCIENTIFIC	$262,000	–	1,770	–	0.04%	–
HRL	New	HORMEL FOODS CORP	$255,000	–	6,960	–	0.04%	–
AMP	New	AMERIPRISE FINANCIAL	$256,000	–	2,844	–	0.04%	–
PX	New	PRAXAIR INC	$258,000	–	2,296	–	0.04%	–
XLU	New	SELECT SECTOR SPDR TR UTILITIES	$252,000	–	4,800	–	0.04%	–
HCP	New	HEALTH CARE PPTY INVS	$245,000	–	6,924	–	0.04%	–
IP	New	INTERNATIONAL PAPER CO	$246,000	–	5,809	–	0.04%	–
PXD	New	PIONEER NAT RES CO	$242,000	–	1,600	–	0.04%	–
HST	New	HOST HOTELS & RESORTS	$247,000	–	15,229	–	0.04%	–
	New	TEMPLETON GLOBAL BOND FUND CL Amf	$236,000	–	20,787	–	0.04%	–
MDLZ	New	MONDELEZ INTL INC	$230,000	–	5,047	–	0.04%	–
NOC	New	NORTHROP GRUMMAN CORP	$228,000	–	1,024	–	0.04%	–
UN	New	UNILEVER	$225,000	–	4,800	–	0.04%	–
NFG	New	NATIONAL FUEL GAS CO	$220,000	–	3,868	–	0.04%	–
GHC	New	GRAHAM HOLDINGS CO.	$211,000	–	430	–	0.04%	–
WCN	New	WASTE CONNECTIONS INC	$208,000	–	2,889	–	0.04%	–
HOG	New	HARLEY DAVIDSON INC	$208,000	–	4,600	–	0.04%	–
CSX	New	C S X CORPORATION	$203,000	–	7,800	–	0.04%	–
CABO	New	CABLE ONE INC	$200,000	–	392	–	0.03%	–
	New	INVESCO GLOBAL CORE EQUITY FUND CLASS Amf	$170,000	–	12,800	–	0.03%	–
PMO	New	PUTNAM MUNI OPPORTUNITIES TR SBI	$164,000	–	12,262	–	0.03%	–
	New	PIMCO REAL RETURN BOND FD CL Cmf	$155,000	–	13,953	–	0.03%	–
KEY	New	KEYCORP	$139,000	–	12,600	–	0.02%	–
	New	FRANKLIN VIRGINIA TAX FREE INCOME FD CL Amf	$136,000	–	11,620	–	0.02%	–
	New	BLACKROCK FUNDS MULTI ASSET INCOMEmf	$129,000	–	12,264	–	0.02%	–
	New	PIMCO FUNDS DEVELOPING LOCAL MRKT FD CL Dmf	$106,000	–	12,028	–	0.02%	–
AA	New	ALCOA INC	$101,000	–	10,900	–	0.02%	–
	New	HIGHLAND FDS I FLTG RATE OPPORTUNITIES FDmf	$101,000	–	14,505	–	0.02%	–
	New	FRANKLIN INCOME FUNDmf	$72,000	–	32,681	–	0.01%	–
	New	BANK OF NEW YORK MELLON CORP	$21,000	–	540	–	0.00%	–
AES	New	THE A E S CORP DELAWARE	$4,000	–	330	–	0.00%	–
COCBF	New	COASTAL CARIBBEAN OILS & MINERALS LTD	$0	–	69,910	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
COCBF	Exit	COASTAL CARIBBEAN OILS & MINERALS LTD	$0	–	-69,910	–	0.00%	–
PBW	Exit	POWERSHARES WILDERHILL CLEAN ENERGY ETF	$0	–	-11,419	–	-0.01%	–
	Exit	FRANKLIN INCOME FUNDmf	$0	–	-32,413	–	-0.01%	–
	Exit	MANNING & NAPIER FD INTERNATIONAL SERIES	$0	–	-10,017	–	-0.02%	–
AES	Exit	THE A E S CORP DELAWARE	$0	–	-10,059	–	-0.02%	–
	Exit	PIMCO FUNDS DEVELOPING LOCAL MRKT FD CL Dmf	$0	–	-12,028	–	-0.02%	–
AA	Exit	ALCOA INC	$0	–	-10,900	–	-0.02%	–
	Exit	HIGHLAND FDS I FLTG RATE OPPORTUNITIES FDmf	$0	–	-14,505	–	-0.02%	–
	Exit	MATTHEWS INTL FD ASIAN GROWTH & INCOME FDmf	$0	–	-7,394	–	-0.02%	–
	Exit	FRANKLIN VIRGINIA TAX FREE INCOME FD CL Amf	$0	–	-11,620	–	-0.03%	–
NQI	Exit	NUVEEN INSD QUALITY MUNICIPAL FUND INCmf	$0	–	-10,600	–	-0.03%	–
PMO	Exit	PUTNAM MUNI OPPORTUNITIES TR SBImf	$0	–	-12,262	–	-0.03%	–
	Exit	PIMCO REAL RETURN BOND FD CL Cmf	$0	–	-13,953	–	-0.03%	–
KEY	Exit	KEYCORP	$0	–	-12,600	–	-0.03%	–
	Exit	INVESCO GLOBAL CORE EQUITY FUND CLASS Amf	$0	–	-12,675	–	-0.03%	–
NIO	Exit	NUVEEN INSURED MUNICIPAL OPPORTUNITY FDmf	$0	–	-13,600	–	-0.04%	–
HPQ	Exit	HEWLETT-PACKARD COMPANY	$0	–	-8,080	–	-0.04%	–
XLU	Exit	SELECT SECTOR SPDR TR UTILITIES	$0	–	-4,800	–	-0.04%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-5,047	–	-0.04%	–
CSX	Exit	C S X CORPORATION	$0	–	-7,800	–	-0.04%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-2,400	–	-0.04%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-5,809	–	-0.04%	–
TMO	Exit	THERMO FISHER SCIENTIFIC	$0	–	-1,820	–	-0.05%	–
	Exit	TEMPLETON GLOBAL BOND FUND CL Amf	$0	–	-20,430	–	-0.05%	–
PX	Exit	PRAXAIR INC	$0	–	-2,296	–	-0.05%	–
HST	Exit	HOST HOTELS & RESORTS	$0	–	-15,229	–	-0.05%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-4,600	–	-0.05%	–
SLB	Exit	SCHLUMBERGER LIMITED	$0	–	-3,683	–	-0.05%	–
LH	Exit	LABORATORY CORP OF AMERICA	$0	–	-2,407	–	-0.05%	–
HCP	Exit	HEALTH CARE PPTY INVS	$0	–	-6,924	–	-0.05%	–
DTE	Exit	DTE ENERGY	$0	–	-3,306	–	-0.06%	–
MO	Exit	ALTRIA GROUP	$0	–	-4,975	–	-0.06%	–
	Exit	EATON VANCE NAT LIM MATURITY TAX FREE FDmf	$0	–	-29,752	–	-0.06%	–
NMY	Exit	NUVEEN MD PREMIUM INC MUNICIPAL FUNDmf	$0	–	-23,025	–	-0.06%	–
	Exit	FEDERATED SHORT TERM MUNI TR INSTIT SVCmf	$0	–	-27,839	–	-0.06%	–
MDT	Exit	MEDTRONIC INC	$0	–	-4,271	–	-0.06%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-4,769	–	-0.06%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-4,560	–	-0.06%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-3,657	–	-0.06%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-4,733	–	-0.06%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-2,800	–	-0.06%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-3,494	–	-0.06%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-6,400	–	-0.06%	–
INTU	Exit	INTUIT INC	$0	–	-3,600	–	-0.07%	–
ORCL	Exit	ORACLE CORP	$0	–	-8,868	–	-0.07%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-6,849	–	-0.07%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-12,144	–	-0.07%	–
LLY	Exit	ELI LILLY & CO	$0	–	-4,066	–	-0.07%	–
PSX	Exit	PHILLIPS 66	$0	–	-4,557	–	-0.07%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GROUP INC	$0	–	-8,350	–	-0.07%	–
AMP	Exit	AMERIPRISE FINANCIAL	$0	–	-3,239	–	-0.07%	–
GOOGL	Exit	ALPHABET INC VOTING CL A	$0	–	-547	–	-0.07%	–
MSI	Exit	MOTOROLA SOLUTIONS, INC	$0	–	-5,184	–	-0.07%	–
CMCSK	Exit	COMCAST CORP NEW SPECIAL CLASS A	$0	–	-6,390	–	-0.08%	–
BP	Exit	BP PLC SPONS ADR	$0	–	-12,156	–	-0.08%	–
MAN	Exit	MANPOWER INC WISCONSIN	$0	–	-4,724	–	-0.08%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-4,900	–	-0.08%	–
DOW	Exit	DOW CHEMICAL COMPANY (THE)	$0	–	-9,540	–	-0.08%	–
XEC	Exit	CIMAREX ENERGY CO.	$0	–	-4,000	–	-0.08%	–
LMT	Exit	LOCKHEED MARTIN	$0	–	-2,009	–	-0.08%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-8,197	–	-0.09%	–
GLW	Exit	CORNING INC.	$0	–	-25,500	–	-0.09%	–
TRV	Exit	THE TRAVELERS COS INC	$0	–	-4,530	–	-0.09%	–
BFS	Exit	SAUL CENTERS INC.	$0	–	-9,078	–	-0.10%	–
ALL	Exit	ALLSTATE CORPORATION	$0	–	-8,307	–	-0.10%	–
MS	Exit	MORGAN STANLEY & CO	$0	–	-16,288	–	-0.10%	–
	Exit	MASS INVESTMENT TRUST CLASS A	$0	–	-18,825	–	-0.10%	–
BPL	Exit	BUCKEYE PARTNERS LP LTD PARTNERSHIP	$0	–	-8,750	–	-0.11%	–
DHR	Exit	DANAHER CORP	$0	–	-6,246	–	-0.11%	–
	Exit	MATTHEWS INTL JAPAN CLASS Imf	$0	–	-33,431	–	-0.12%	–
SJM	Exit	SMUCKER J.M. CO	$0	–	-5,077	–	-0.12%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CLASS B	$0	–	-4,535	–	-0.12%	–
QQQ	Exit	POWERSHARES QQQ TR ETF SERIES 1	$0	–	-6,211	–	-0.13%	–
AMGN	Exit	AMGEN INC	$0	–	-4,776	–	-0.14%	–
EMR	Exit	EMERSON ELECTRIC CO.	$0	–	-15,747	–	-0.14%	–
NTRS	Exit	NORTHERN TRUST CORP	$0	–	-10,400	–	-0.14%	–
HD	Exit	HOME DEPOT	$0	–	-6,165	–	-0.15%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC.	$0	–	-7,710	–	-0.15%	–
	Exit	WASHINGTON MUTUAL INVESTORS FUNDmf	$0	–	-19,299	–	-0.15%	–
UDR	Exit	UDR INC	$0	–	-21,550	–	-0.15%	–
GOOG	Exit	ALPHABET INC NON-VOTING CL C	$0	–	-1,232	–	-0.15%	–
BAC	Exit	BANK OF AMERICA	$0	–	-51,069	–	-0.16%	–
CL	Exit	COLGATE-PALMOLIVE COMPANY	$0	–	-12,592	–	-0.16%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-8,442	–	-0.17%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-22,377	–	-0.18%	–
VOO	Exit	VANGUARD S&P ETF	$0	–	-5,002	–	-0.18%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-11,109	–	-0.19%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-24,859	–	-0.20%	–
BMY	Exit	BRISTOL-MYERS SQUIBB COMPANY	$0	–	-17,109	–	-0.21%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-25,116	–	-0.21%	–
BEN	Exit	FRANKLIN RESOURCES INC	$0	–	-28,119	–	-0.22%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-18,689	–	-0.22%	–
VWO	Exit	VANGUARD EMERGING MARKETS ETF	$0	–	-32,800	–	-0.22%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET	$0	–	-10,995	–	-0.22%	–
WFM	Exit	WHOLE FOODS MARKET	$0	–	-34,310	–	-0.22%	–
EFA	Exit	ISHARES MSCI EAFE INDEX	$0	–	-19,030	–	-0.22%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-15,993	–	-0.24%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-2,355	–	-0.25%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-40,415	–	-0.26%	–
HSY	Exit	HERSHEY COMPANY	$0	–	-14,176	–	-0.27%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKETS ETF	$0	–	-37,340	–	-0.27%	–
FRT	Exit	FEDERAL REALTY INV TR S B I	$0	–	-10,354	–	-0.29%	–
BA	Exit	BOEING	$0	–	-11,025	–	-0.30%	–
TGT	Exit	TARGET CORP	$0	–	-18,670	–	-0.30%	–
ABBV	Exit	ABBVIE INC	$0	–	-27,288	–	-0.30%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-56,885	–	-0.31%	–
APA	Exit	APACHE CORP	$0	–	-38,235	–	-0.31%	–
WGL	Exit	WGL HLDGS INC	$0	–	-26,650	–	-0.32%	–
SIAL	Exit	SIGMA ALDRICH CORP	$0	–	-12,600	–	-0.36%	–
MTB	Exit	M & T BANK CORP	$0	–	-15,050	–	-0.38%	–
VB	Exit	VANGUARD SMALL CAP ETF	$0	–	-17,860	–	-0.40%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-48,290	–	-0.40%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-22,187	–	-0.44%	–
YUM	Exit	YUM BRANDS INC	$0	–	-27,855	–	-0.46%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-23,814	–	-0.46%	–
MAR	Exit	MARRIOTT INTERNATIONAL, NEW INC CL A	$0	–	-33,195	–	-0.46%	–
WRE	Exit	WASH REAL ESTATE INV TRUST S B I	$0	–	-92,717	–	-0.47%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-56,155	–	-0.50%	–
CAT	Exit	CATERPILLAR INCORPORATED	$0	–	-38,206	–	-0.51%	–
VO	Exit	VANGUARD MID CAP ETF	$0	–	-22,120	–	-0.53%	–
EMC	Exit	EMC CORP MASSACHUSETTS	$0	–	-108,279	–	-0.54%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-24,142	–	-0.54%	–
WRI	Exit	WEINGARTEN REALTY INVS S B I	$0	–	-81,490	–	-0.55%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-23,300	–	-0.55%	–
MMM	Exit	3M CO.	$0	–	-19,228	–	-0.56%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-32,059	–	-0.58%	–
AXP	Exit	AMERICAN EXPRESS INC	$0	–	-38,828	–	-0.59%	–
D	Exit	DOMINION RESOURCES INC OF VA	$0	–	-41,449	–	-0.60%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-28,937	–	-0.61%	–
IBB	Exit	ISHARES NASDAQ BIOTECH INDEX FD	$0	–	-10,062	–	-0.62%	–
T	Exit	AT&T CORP NEW	$0	–	-97,570	–	-0.65%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DEL CLASS A	$0	–	-17	–	-0.68%	–
MJN	Exit	MEAD JOHNSON NUTRITION	$0	–	-47,586	–	-0.69%	–
IWM	Exit	ISHARES RUSSELL 2000 IDX	$0	–	-33,058	–	-0.74%	–
MRK	Exit	MERCK & COMPANY INCORPORATED NEW	$0	–	-77,026	–	-0.78%	–
WTR	Exit	AQUA AMERICA	$0	–	-145,090	–	-0.79%	–
K	Exit	KELLOGG COMPANY	$0	–	-57,901	–	-0.79%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-97,281	–	-0.80%	–
SO	Exit	SOUTHERN COMPANY (THE)	$0	–	-87,915	–	-0.80%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-149,604	–	-0.80%	–
PNY	Exit	PIEDMONT NATURAL GAS	$0	–	-98,466	–	-0.81%	–
INTC	Exit	INTEL CORP COM	$0	–	-137,606	–	-0.85%	–
AAPL	Exit	APPLE INC	$0	–	-38,160	–	-0.86%	–
FDX	Exit	FEDEX CORP	$0	–	-29,970	–	-0.88%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE CORP	$0	–	-33,906	–	-1.01%	–
CC	Exit	CHEMOURS CO	$0	–	-767,059	–	-1.02%	–
IWR	Exit	ISHARES RUSSELL MIDCAP INDEX	$0	–	-32,692	–	-1.04%	–
V	Exit	VISA INC CLASS A	$0	–	-73,485	–	-1.05%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-85,648	–	-1.07%	–
XRAY	Exit	DENTSPLY INTL INC	$0	–	-103,985	–	-1.08%	–
UTX	Exit	UNITED TECHNOLOGIES CORP COM	$0	–	-59,383	–	-1.08%	–
MCD	Exit	MC DONALD'S CORPORATION	$0	–	-58,064	–	-1.17%	–
CVX	Exit	CHEVRON CORP	$0	–	-75,861	–	-1.23%	–
BDX	Exit	BECTON DICKINSON	$0	–	-46,568	–	-1.27%	–
ITW	Exit	ILLINOIS TOOL WORKS INC.	$0	–	-76,752	–	-1.30%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-77,512	–	-1.33%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE, INC.	$0	–	-82,160	–	-1.40%	–
WFC	Exit	WELLS FARGO & CO. NEW	$0	–	-148,561	–	-1.56%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-183,976	–	-1.67%	–
TROW	Exit	T ROWE PRICE GROUP INC.	$0	–	-123,575	–	-1.76%	–
LOW	Exit	LOWES COS	$0	–	-140,641	–	-1.99%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-109,983	–	-2.12%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-130,207	–	-2.49%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-483,929	–	-2.50%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-192,861	–	-2.84%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-251,932	–	-3.84%	–
VGT	Exit	VANGUARD INFORMATION TECHNOLOGY VIPERS	$0	–	-221,805	–	-4.55%	–
DD	Exit	DU PONT (E.I.) DE NEMOURS & CO	$0	–	-2,591,110	–	-25.60%	–

Q3 2015

			Value		Shares		↓ Weighting
VGT	Buy	VANGUARD INFORMATION TECHNOLOGY VIPERS	$22,181,000	-5.3%	221,805	+0.6%	4.55%	+5.4%
XOM	Buy	EXXON MOBIL CORPORATION	$18,731,000	-8.8%	251,932	+2.1%	3.84%	+1.5%
PG	Buy	PROCTER & GAMBLE COMPANY	$13,874,000	-7.8%	192,861	+0.2%	2.84%	+2.5%
GE	Sell	GENERAL ELECTRIC COMPANY	$12,205,000	-5.1%	483,929	-0.0%	2.50%	+5.6%
JNJ	Buy	JOHNSON & JOHNSON	$12,155,000	-1.8%	130,207	+2.5%	2.49%	+9.3%
PEP	Buy	PEPSICO INCORPORATED	$10,371,000	+1.1%	109,983	+0.1%	2.12%	+12.5%
LOW	Buy	LOWES COS	$9,693,000	+5.0%	140,641	+2.0%	1.99%	+16.8%
TROW	Buy	T ROWE PRICE GROUP INC.	$8,589,000	-8.6%	123,575	+2.2%	1.76%	+1.7%
MSFT	Buy	MICROSOFT CORPORATION	$8,143,000	+17.0%	183,976	+16.8%	1.67%	+30.2%
WFC	Buy	WELLS FARGO & CO. NEW	$7,628,000	-5.5%	148,561	+3.6%	1.56%	+5.2%
WBA	Buy	WALGREENS BOOTS ALLIANCE, INC.	$6,827,000	-1.2%	82,160	+0.4%	1.40%	+9.9%
CHD	Buy	CHURCH & DWIGHT CO INC	$6,503,000	+4.3%	77,512	+0.8%	1.33%	+16.0%
ITW	Buy	ILLINOIS TOOL WORKS INC.	$6,317,000	-9.6%	76,752	+0.9%	1.30%	+0.6%
BDX	Buy	BECTON DICKINSON	$6,178,000	-4.7%	46,568	+1.7%	1.27%	+6.0%
CVX	Sell	CHEVRON CORP	$5,984,000	-18.2%	75,861	-0.0%	1.23%	-9.1%
MCD	Sell	MC DONALD'S CORPORATION	$5,721,000	+3.3%	58,064	-0.4%	1.17%	+14.9%
UTX	Buy	UNITED TECHNOLOGIES CORP COM	$5,284,000	-19.1%	59,383	+0.9%	1.08%	-10.0%
XRAY	Sell	DENTSPLY INTL INC	$5,259,000	-2.0%	103,985	-0.1%	1.08%	+9.0%
JPM	Buy	JPMORGAN CHASE & CO.	$5,222,000	-8.2%	85,648	+2.0%	1.07%	+2.1%
V	Buy	VISA INC CLASS A	$5,119,000	+5.1%	73,485	+1.4%	1.05%	+16.9%
IWR	Buy	ISHARES RUSSELL MIDCAP INDEX	$5,086,000	-8.6%	32,692	+0.1%	1.04%	+1.7%
CC	New	CHEMOURS CO	$4,963,000	–	767,059	–	1.02%	–
IBM	Buy	INTERNATIONAL BUSINESS MACHINE CORP	$4,915,000	+8.1%	33,906	+21.3%	1.01%	+20.2%
FDX	Buy	FEDEX CORP	$4,315,000	-12.6%	29,970	+3.4%	0.88%	-2.9%
AAPL	Buy	APPLE INC	$4,209,000	-11.6%	38,160	+0.5%	0.86%	-1.6%
INTC	Buy	INTEL CORP COM	$4,148,000	+10.3%	137,606	+11.3%	0.85%	+22.7%
PNY	Buy	PIEDMONT NATURAL GAS	$3,946,000	+15.3%	98,466	+1.6%	0.81%	+28.4%
CSCO	Buy	CISCO SYSTEMS INC	$3,927,000	+0.5%	149,604	+5.2%	0.80%	+11.8%
SO	Sell	SOUTHERN COMPANY (THE)	$3,930,000	+1.7%	87,915	-4.7%	0.80%	+13.1%
ABT	Buy	ABBOTT LABORATORIES	$3,913,000	-16.3%	97,281	+2.1%	0.80%	-6.9%
K	Sell	KELLOGG COMPANY	$3,853,000	-0.2%	57,901	-6.0%	0.79%	+11.1%
WTR	Buy	AQUA AMERICA	$3,840,000	+9.9%	145,090	+1.7%	0.79%	+22.2%
MRK	Buy	MERCK & COMPANY INCORPORATED NEW	$3,804,000	-8.6%	77,026	+5.3%	0.78%	+1.7%
IWM	Buy	ISHARES RUSSELL 2000 IDX	$3,610,000	-12.5%	33,058	+0.0%	0.74%	-2.6%
MJN	Buy	MEAD JOHNSON NUTRITION	$3,350,000	-18.0%	47,586	+5.1%	0.69%	-8.6%
BRKA	Sell	BERKSHIRE HATHAWAY INC DEL CLASS A	$3,319,000	-10.0%	17	-5.6%	0.68%	+0.1%
T	Sell	AT&T CORP NEW	$3,179,000	-8.4%	97,570	-0.2%	0.65%	+2.0%
IBB	Buy	ISHARES NASDAQ BIOTECH INDEX FD	$3,052,000	-16.0%	10,062	+2.1%	0.62%	-6.7%
DIS	Sell	WALT DISNEY COMPANY	$2,957,000	-12.1%	28,937	-1.8%	0.61%	-2.3%
D	Buy	DOMINION RESOURCES INC OF VA	$2,917,000	+5.5%	41,449	+0.2%	0.60%	+17.5%
AXP	Buy	AMERICAN EXPRESS INC	$2,879,000	-1.1%	38,828	+3.6%	0.59%	+10.1%
UNP	Buy	UNION PACIFIC CORP	$2,834,000	-2.7%	32,059	+5.0%	0.58%	+8.4%
MMM	Sell	3M CO.	$2,726,000	-8.8%	19,228	-0.8%	0.56%	+1.5%
UNH	Buy	UNITED HEALTHCARE CORP	$2,703,000	+10.5%	23,300	+16.2%	0.55%	+22.8%
WRI	Buy	WEINGARTEN REALTY INVS S B I	$2,698,000	+1.8%	81,490	+0.5%	0.55%	+13.3%
EMC	Buy	EMC CORP MASSACHUSETTS	$2,616,000	-5.5%	108,279	+3.2%	0.54%	+5.1%
VO	Buy	VANGUARD MID CAP ETF	$2,581,000	-5.0%	22,120	+3.8%	0.53%	+5.8%
CAT	Sell	CATERPILLAR INCORPORATED	$2,497,000	-25.6%	38,206	-3.4%	0.51%	-17.2%
VZ	Sell	VERIZON COMMUNICATIONS	$2,443,000	-6.7%	56,155	-0.0%	0.50%	+3.9%
WRE	Sell	WASH REAL ESTATE INV TRUST S B I	$2,311,000	-5.8%	92,717	-1.9%	0.47%	+4.9%
YUM	Buy	YUM BRANDS INC	$2,227,000	-11.1%	27,855	+0.2%	0.46%	-1.1%
NEE	Buy	NEXTERA ENERGY	$2,165,000	+5.6%	22,187	+6.1%	0.44%	+17.5%
VB	Buy	VANGUARD SMALL CAP ETF	$1,928,000	-8.4%	17,860	+3.1%	0.40%	+1.8%
WGL	Sell	WGL HLDGS INC	$1,537,000	+4.6%	26,650	-1.5%	0.32%	+16.2%
APA	Sell	APACHE CORP	$1,497,000	-36.2%	38,235	-6.1%	0.31%	-28.9%
SE	Sell	SPECTRA ENERGY CORP	$1,494,000	-22.6%	56,885	-4.0%	0.31%	-14.0%
ABBV	Sell	ABBVIE INC	$1,485,000	-22.4%	27,288	-4.2%	0.30%	-13.9%
TGT	New	TARGET CORP	$1,469,000	–	18,670	–	0.30%	–
FRT	Sell	FEDERAL REALTY INV TR S B I	$1,413,000	+3.3%	10,354	-3.0%	0.29%	+15.1%
VEA	Buy	VANGUARD FTSE DEVELOPED MARKETS ETF	$1,331,000	-9.6%	37,340	+0.5%	0.27%	+0.7%
HSY	Sell	HERSHEY COMPANY	$1,302,000	+2.7%	14,176	-0.7%	0.27%	+14.1%
DUK	Sell	DUKE ENERGY CORP	$1,151,000	-3.5%	15,993	-5.3%	0.24%	+7.3%
EFA	Buy	ISHARES MSCI EAFE INDEX	$1,091,000	-8.6%	19,030	+1.2%	0.22%	+1.8%
WFM	Buy	WHOLE FOODS MARKET	$1,086,000	-18.0%	34,310	+2.2%	0.22%	-8.6%
VWO	Sell	VANGUARD EMERGING MARKETS ETF	$1,085,000	-21.7%	32,800	-3.2%	0.22%	-12.9%
VTI	Buy	VANGUARD TOTAL STOCK MARKET	$1,085,000	-5.7%	10,995	+2.3%	0.22%	+4.7%
BEN	Buy	FRANKLIN RESOURCES INC	$1,048,000	-8.3%	28,119	+20.6%	0.22%	+1.9%
BMY	Sell	BRISTOL-MYERS SQUIBB COMPANY	$1,013,000	-13.9%	17,109	-3.3%	0.21%	-4.1%
BK	Sell	BANK OF NEW YORK MELLON CORP	$973,000	-8.2%	24,859	-1.6%	0.20%	+2.1%
ADBE	Sell	ADOBE SYSTEMS INCORPORATED	$913,000	-1.9%	11,109	-3.4%	0.19%	+8.7%
VOO	Sell	VANGUARD S&P ETF	$879,000	-8.6%	5,002	-1.8%	0.18%	+1.7%
SYY	Sell	SYSCO CORPORATION	$872,000	+4.7%	22,377	-3.0%	0.18%	+17.0%
BAC	Buy	BANK OF AMERICA	$796,000	-8.2%	51,069	+0.2%	0.16%	+1.9%
GOOG	New	ALPHABET INC NON-VOTING CL C	$749,000	–	1,232	–	0.15%	–
UDR	Buy	UDR INC	$743,000	+8.6%	21,550	+0.9%	0.15%	+20.6%
	Buy	WASHINGTON MUTUAL INVESTORS FUNDmf	$725,000	-6.1%	19,299	+0.4%	0.15%	+4.9%
HD	Sell	HOME DEPOT	$712,000	+2.3%	6,165	-1.6%	0.15%	+14.1%
QQQ	Sell	POWERSHARES QQQ TR ETF SERIES 1	$632,000	-6.4%	6,211	-1.4%	0.13%	+4.8%
DHR	Buy	DANAHER CORP	$532,000	+0.4%	6,246	+0.8%	0.11%	+11.2%
	Buy	MASS INVESTMENT TRUST CLASS A	$513,000	-6.0%	18,825	+0.3%	0.10%	+4.0%
XEC	Sell	CIMAREX ENERGY CO.	$410,000	-25.7%	4,000	-20.0%	0.08%	-17.6%
MAN	Sell	MANPOWER INC WISCONSIN	$387,000	-10.4%	4,724	-2.2%	0.08%	-1.2%
GOOGL	New	ALPHABET INC VOTING CL A	$349,000	–	547	–	0.07%	–
PSX	Sell	PHILLIPS 66	$350,000	-4.9%	4,557	-0.4%	0.07%	+5.9%
PEG	Sell	PUBLIC SERVICE ENTERPRISE GROUP INC	$352,000	+6.0%	8,350	-1.2%	0.07%	+18.0%
WY	Sell	WEYERHAEUSER CO	$332,000	-15.5%	12,144	-2.7%	0.07%	-5.6%
PNC	Sell	PNC FINANCIAL SERVICES GROUP	$312,000	-8.5%	3,494	-2.1%	0.06%	+1.6%
WMT	Buy	WAL-MART STORES INC	$307,000	+52.7%	4,733	+67.1%	0.06%	+70.3%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$296,000	-7.2%	3,657	+1.9%	0.06%	+3.4%
MDT	New	MEDTRONIC INC	$286,000	–	4,271	–	0.06%	–
APC	Buy	ANADARKO PETROLEUM CORP	$288,000	-16.3%	4,769	+8.2%	0.06%	-6.3%
	Buy	FEDERATED SHORT TERM MUNI TR INSTIT SVCmf	$288,000	+0.3%	27,839	+0.3%	0.06%	+11.3%
LH	Buy	LABORATORY CORP OF AMERICA	$261,000	+23.7%	2,407	+38.6%	0.05%	+35.9%
SLB	Sell	SCHLUMBERGER LIMITED	$254,000	-22.1%	3,683	-2.6%	0.05%	-13.3%
	Buy	TEMPLETON GLOBAL BOND FUND CL Amf	$233,000	-6.0%	20,430	+0.8%	0.05%	+4.3%
XLU	New	SELECT SECTOR SPDR TR UTILITIES	$208,000	–	4,800	–	0.04%	–
HPQ	Sell	HEWLETT-PACKARD COMPANY	$207,000	-16.5%	8,080	-2.4%	0.04%	-8.7%
AES	Sell	THE A E S CORP DELAWARE	$98,000	-41.3%	10,059	-20.5%	0.02%	-35.5%
	Sell	MANNING & NAPIER FD INTERNATIONAL SERIES	$73,000	-31.8%	10,017	-21.7%	0.02%	-25.0%
	Sell	FRANKLIN INCOME FUNDmf	$69,000	-14.8%	32,413	-5.5%	0.01%	-6.7%
PBW	New	POWERSHARES WILDERHILL CLEAN ENERGY ETF	$47,000	–	11,419	–	0.01%	–
MPET	Exit	MAGELLAN PETROLEUM CORP	$0	–	-30,743	–	-0.00%	–
NQU	Exit	NUVEEN QUALITY INCOME MUNICIPAL FUND INCmf	$0	–	-13,700	–	-0.03%	–
DOV	Exit	DOVER CORPORATION	$0	–	-2,950	–	-0.04%	–
USB	Exit	US BANCORP DEL (NEW)	$0	–	-4,700	–	-0.04%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-1,600	–	-0.04%	–
NFG	Exit	NATIONAL FUEL GAS CO	$0	–	-3,868	–	-0.04%	–
VAC	Exit	MARRIOTT VACATIONS WORLDWIDE CORP	$0	–	-2,705	–	-0.05%	–
GOOGL	Exit	GOOGLE CL A	$0	–	-547	–	-0.05%	–
GHC	Exit	GRAHAM HOLDINGS CO.	$0	–	-364	–	-0.07%	–
OCR	Exit	OMNICARE INC	$0	–	-4,264	–	-0.07%	–
GOOG	Exit	GOOGLE CL C NON-VTNING	$0	–	-1,097	–	-0.10%	–

Q2 2015

			Value		Shares		↓ Weighting
DD	New	DU PONT (E.I.) DE NEMOURS & CO	$165,702,000	–	2,591,110	–	30.53%	–
VGT	New	VANGUARD INFORMATION TECHNOLOGY VIPERS	$23,416,000	–	220,430	–	4.31%	–
XOM	New	EXXON MOBIL CORPORATION	$20,534,000	–	246,796	–	3.78%	–
PG	New	PROCTER & GAMBLE COMPANY	$15,052,000	–	192,381	–	2.77%	–
GE	New	GENERAL ELECTRIC COMPANY	$12,859,000	–	483,949	–	2.37%	–
JNJ	New	JOHNSON & JOHNSON	$12,376,000	–	126,994	–	2.28%	–
PEP	New	PEPSICO INCORPORATED	$10,254,000	–	109,858	–	1.89%	–
TROW	New	T ROWE PRICE GROUP INC.	$9,395,000	–	120,870	–	1.73%	–
LOW	New	LOWES COS	$9,235,000	–	137,901	–	1.70%	–
WFC	New	WELLS FARGO & CO. NEW	$8,068,000	–	143,457	–	1.49%	–
CVX	New	CHEVRON CORP	$7,318,000	–	75,866	–	1.35%	–
ITW	New	ILLINOIS TOOL WORKS INC.	$6,984,000	–	76,086	–	1.29%	–
MSFT	New	MICROSOFT CORPORATION	$6,957,000	–	157,571	–	1.28%	–
WBA	New	WALGREENS BOOTS ALLIANCE, INC.	$6,912,000	–	81,855	–	1.27%	–
UTX	New	UNITED TECHNOLOGIES CORP COM	$6,528,000	–	58,847	–	1.20%	–
BDX	New	BECTON DICKINSON	$6,483,000	–	45,768	–	1.19%	–
CHD	New	CHURCH & DWIGHT CO INC	$6,236,000	–	76,862	–	1.15%	–
JPM	New	JPMORGAN CHASE & CO.	$5,689,000	–	83,948	–	1.05%	–
IWR	New	ISHARES RUSSELL MIDCAP INDEX	$5,564,000	–	32,662	–	1.02%	–
MCD	New	MC DONALD'S CORPORATION	$5,539,000	–	58,269	–	1.02%	–
XRAY	New	DENTSPLY INTL INC	$5,366,000	–	104,095	–	0.99%	–
FDX	New	FEDEX CORP	$4,938,000	–	28,979	–	0.91%	–
V	New	VISA INC CLASS A	$4,869,000	–	72,505	–	0.90%	–
AAPL	New	APPLE INC	$4,763,000	–	37,975	–	0.88%	–
ABT	New	ABBOTT LABORATORIES	$4,676,000	–	95,275	–	0.86%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE CORP	$4,547,000	–	27,955	–	0.84%	–
MRK	New	MERCK & COMPANY INCORPORATED NEW	$4,164,000	–	73,155	–	0.77%	–
IWM	New	ISHARES RUSSELL 2000 IDX	$4,126,000	–	33,048	–	0.76%	–
MJN	New	MEAD JOHNSON NUTRITION	$4,084,000	–	45,266	–	0.75%	–
CSCO	New	CISCO SYSTEMS INC	$3,906,000	–	142,239	–	0.72%	–
SO	New	SOUTHERN COMPANY (THE)	$3,865,000	–	92,254	–	0.71%	–
K	New	KELLOGG COMPANY	$3,861,000	–	61,576	–	0.71%	–
INTC	New	INTEL CORP COM	$3,760,000	–	123,616	–	0.69%	–
BRKA	New	BERKSHIRE HATHAWAY INC DEL CLASS A	$3,687,000	–	18	–	0.68%	–
IBB	New	ISHARES NASDAQ BIOTECH INDEX FD	$3,635,000	–	9,852	–	0.67%	–
WTR	New	AQUA AMERICA	$3,493,000	–	142,615	–	0.64%	–
T	New	AT&T CORP NEW	$3,471,000	–	97,722	–	0.64%	–
PNY	New	PIEDMONT NATURAL GAS	$3,421,000	–	96,886	–	0.63%	–
DIS	New	WALT DISNEY COMPANY	$3,363,000	–	29,462	–	0.62%	–
CAT	New	CATERPILLAR INCORPORATED	$3,356,000	–	39,560	–	0.62%	–
MMM	New	3M CO.	$2,990,000	–	19,378	–	0.55%	–
AXP	New	AMERICAN EXPRESS INC	$2,912,000	–	37,478	–	0.54%	–
UNP	New	UNION PACIFIC CORP	$2,912,000	–	30,534	–	0.54%	–
EMC	New	EMC CORP MASSACHUSETTS	$2,768,000	–	104,883	–	0.51%	–
D	New	DOMINION RESOURCES INC OF VA	$2,765,000	–	41,349	–	0.51%	–
VO	New	VANGUARD MID CAP ETF	$2,716,000	–	21,315	–	0.50%	–
WRI	New	WEINGARTEN REALTY INVS S B I	$2,651,000	–	81,090	–	0.49%	–
VZ	New	VERIZON COMMUNICATIONS	$2,619,000	–	56,180	–	0.48%	–
KMB	New	KIMBERLY-CLARK CORP	$2,558,000	–	24,142	–	0.47%	–
YUM	New	YUM BRANDS INC	$2,505,000	–	27,804	–	0.46%	–
MAR	New	MARRIOTT INTERNATIONAL, NEW INC CL A	$2,469,000	–	33,195	–	0.46%	–
WRE	New	WASH REAL ESTATE INV TRUST S B I	$2,453,000	–	94,517	–	0.45%	–
UNH	New	UNITED HEALTHCARE CORP	$2,447,000	–	20,055	–	0.45%	–
HON	New	HONEYWELL INTERNATIONAL INC	$2,429,000	–	23,814	–	0.45%	–
APA	New	APACHE CORP	$2,346,000	–	40,705	–	0.43%	–
VB	New	VANGUARD SMALL CAP ETF	$2,104,000	–	17,320	–	0.39%	–
NEE	New	NEXTERA ENERGY	$2,050,000	–	20,907	–	0.38%	–
SE	New	SPECTRA ENERGY CORP	$1,931,000	–	59,225	–	0.36%	–
ABBV	New	ABBVIE INC	$1,914,000	–	28,492	–	0.35%	–
KO	New	COCA-COLA COMPANY	$1,894,000	–	48,290	–	0.35%	–
MTB	New	M & T BANK CORP	$1,880,000	–	15,050	–	0.35%	–
SIAL	New	SIGMA ALDRICH CORP	$1,756,000	–	12,600	–	0.32%	–
BA	New	BOEING	$1,529,000	–	11,025	–	0.28%	–
WGL	New	WGL HLDGS INC	$1,469,000	–	27,050	–	0.27%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKETS ETF	$1,473,000	–	37,140	–	0.27%	–
VWO	New	VANGUARD EMERGING MARKETS ETF	$1,385,000	–	33,874	–	0.26%	–
FRT	New	FEDERAL REALTY INV TR S B I	$1,368,000	–	10,679	–	0.25%	–
PFE	New	PFIZER INCORPORATED	$1,355,000	–	40,415	–	0.25%	–
WFM	New	WHOLE FOODS MARKET	$1,324,000	–	33,570	–	0.24%	–
HSY	New	HERSHEY COMPANY	$1,268,000	–	14,276	–	0.23%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$1,212,000	–	25,116	–	0.22%	–
EFA	New	ISHARES MSCI EAFE INDEX	$1,194,000	–	18,805	–	0.22%	–
DUK	New	DUKE ENERGY CORP	$1,193,000	–	16,890	–	0.22%	–
BMY	New	BRISTOL-MYERS SQUIBB COMPANY	$1,177,000	–	17,692	–	0.22%	–
VTI	New	VANGUARD TOTAL STOCK MARKET	$1,150,000	–	10,745	–	0.21%	–
BEN	New	FRANKLIN RESOURCES INC	$1,143,000	–	23,319	–	0.21%	–
BK	New	BANK OF NEW YORK MELLON CORP	$1,060,000	–	25,259	–	0.20%	–
GIS	New	GENERAL MILLS INC	$1,041,000	–	18,689	–	0.19%	–
AMZN	New	AMAZON.COM INC	$1,022,000	–	2,355	–	0.19%	–
VOO	New	VANGUARD S&P ETF	$962,000	–	5,095	–	0.18%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$931,000	–	11,498	–	0.17%	–
CVS	New	CVS CAREMARK CORPORATION	$885,000	–	8,442	–	0.16%	–
EMR	New	EMERSON ELECTRIC CO.	$873,000	–	15,747	–	0.16%	–
BAC	New	BANK OF AMERICA	$867,000	–	50,969	–	0.16%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC.	$842,000	–	7,710	–	0.16%	–
SYY	New	SYSCO CORPORATION	$833,000	–	23,077	–	0.15%	–
CL	New	COLGATE-PALMOLIVE COMPANY	$824,000	–	12,592	–	0.15%	–
NTRS	New	NORTHERN TRUST CORP	$795,000	–	10,400	–	0.15%	–
	New	WASHINGTON MUTUAL INVESTORS FUND	$772,000	–	19,220	–	0.14%	–
AMGN	New	AMGEN INC	$733,000	–	4,776	–	0.14%	–
HD	New	HOME DEPOT	$696,000	–	6,265	–	0.13%	–
UDR	New	UDR INC	$684,000	–	21,350	–	0.13%	–
QQQ	New	POWERSHARES QQQ TR ETF SERIES 1	$675,000	–	6,302	–	0.12%	–
BPL	New	BUCKEYE PARTNERS LP LTD PARTNERSHIP	$647,000	–	8,750	–	0.12%	–
	New	MATTHEWS INTL JAPAN CLASS Imf	$642,000	–	33,431	–	0.12%	–
MS	New	MORGAN STANLEY & CO	$632,000	–	16,288	–	0.12%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CLASS B	$617,000	–	4,535	–	0.11%	–
GOOG	New	GOOGLE CL C NON-VTNING	$571,000	–	1,097	–	0.10%	–
XEC	New	CIMAREX ENERGY CO.	$552,000	–	5,000	–	0.10%	–
SJM	New	SMUCKER J.M. CO	$550,000	–	5,077	–	0.10%	–
	New	MASS INVESTMENT TRUST CLASS Amf	$546,000	–	18,762	–	0.10%	–
ALL	New	ALLSTATE CORPORATION	$539,000	–	8,307	–	0.10%	–
DHR	New	DANAHER CORP	$530,000	–	6,196	–	0.10%	–
GLW	New	CORNING INC.	$503,000	–	25,500	–	0.09%	–
BP	New	BP PLC SPONS ADR	$486,000	–	12,156	–	0.09%	–
DOW	New	DOW CHEMICAL COMPANY (THE)	$488,000	–	9,540	–	0.09%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$472,000	–	8,197	–	0.09%	–
BFS	New	SAUL CENTERS INC.	$446,000	–	9,078	–	0.08%	–
TRV	New	THE TRAVELERS COS INC	$438,000	–	4,530	–	0.08%	–
MAN	New	MANPOWER INC WISCONSIN	$432,000	–	4,828	–	0.08%	–
COP	New	CONOCOPHILLIPS	$421,000	–	6,849	–	0.08%	–
AMP	New	AMERIPRISE FINANCIAL	$404,000	–	3,239	–	0.07%	–
OCR	New	OMNICARE INC	$402,000	–	4,264	–	0.07%	–
WY	New	WEYERHAEUSER CO	$393,000	–	12,478	–	0.07%	–
GHC	New	GRAHAM HOLDINGS CO.	$391,000	–	364	–	0.07%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$393,000	–	4,900	–	0.07%	–
CMCSK	New	COMCAST CORP NEW SPECIAL CLASS A	$383,000	–	6,390	–	0.07%	–
LMT	New	LOCKHEED MARTIN	$373,000	–	2,009	–	0.07%	–
PSX	New	PHILLIPS 66	$368,000	–	4,574	–	0.07%	–
INTU	New	INTUIT INC	$363,000	–	3,600	–	0.07%	–
ORCL	New	ORACLE CORP	$357,000	–	8,868	–	0.07%	–
APC	New	ANADARKO PETROLEUM CORP	$344,000	–	4,409	–	0.06%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$341,000	–	3,570	–	0.06%	–
LLY	New	ELI LILLY & CO	$339,000	–	4,066	–	0.06%	–
TXN	New	TEXAS INSTRUMENTS	$330,000	–	6,400	–	0.06%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GROUP INC	$332,000	–	8,450	–	0.06%	–
SLB	New	SCHLUMBERGER LIMITED	$326,000	–	3,783	–	0.06%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$319,000	–	3,589	–	0.06%	–
HST	New	HOST HOTELS & RESORTS	$302,000	–	15,229	–	0.06%	–
MSI	New	MOTOROLA SOLUTIONS, INC	$297,000	–	5,184	–	0.06%	–
GOOGL	New	GOOGLE CL A	$295,000	–	547	–	0.05%	–
	New	FEDERATED SHORT TERM MUNI TR INSTIT SVCmf	$287,000	–	27,762	–	0.05%	–
	New	EATON VANCE NAT LIM MATURITY TAX FREE FDmf	$280,000	–	29,752	–	0.05%	–
NMY	New	NUVEEN MD PREMIUM INC MUNICIPAL FUNDmf	$282,000	–	23,025	–	0.05%	–
IP	New	INTERNATIONAL PAPER CO	$276,000	–	5,809	–	0.05%	–
PX	New	PRAXAIR INC	$274,000	–	2,296	–	0.05%	–
RTN	New	RAYTHEON COMPANY NEW	$268,000	–	2,800	–	0.05%	–
HOG	New	HARLEY DAVIDSON INC	$259,000	–	4,600	–	0.05%	–
HRL	New	HORMEL FOODS CORP	$257,000	–	4,560	–	0.05%	–
CSX	New	C S X CORPORATION	$255,000	–	7,800	–	0.05%	–
HCP	New	HEALTH CARE PPTY INVS	$253,000	–	6,924	–	0.05%	–
	New	TEMPLETON GLOBAL BOND FUND CL Amf	$248,000	–	20,276	–	0.05%	–
DTE	New	DTE ENERGY	$247,000	–	3,306	–	0.05%	–
HPQ	New	HEWLETT-PACKARD COMPANY	$248,000	–	8,280	–	0.05%	–
VAC	New	MARRIOTT VACATIONS WORLDWIDE CORP	$248,000	–	2,705	–	0.05%	–
MO	New	ALTRIA GROUP	$243,000	–	4,975	–	0.04%	–
TMO	New	THERMO FISHER SCIENTIFIC	$236,000	–	1,820	–	0.04%	–
NFG	New	NATIONAL FUEL GAS CO	$228,000	–	3,868	–	0.04%	–
PXD	New	PIONEER NAT RES CO	$222,000	–	1,600	–	0.04%	–
LH	New	LABORATORY CORP OF AMERICA	$211,000	–	1,737	–	0.04%	–
MDLZ	New	MONDELEZ INTL INC	$208,000	–	5,047	–	0.04%	–
USB	New	US BANCORP DEL (NEW)	$204,000	–	4,700	–	0.04%	–
DOV	New	DOVER CORPORATION	$207,000	–	2,950	–	0.04%	–
WMT	New	WAL-MART STORES INC	$201,000	–	2,833	–	0.04%	–
VMC	New	VULCAN MATERIALS CO	$201,000	–	2,400	–	0.04%	–
KEY	New	KEYCORP	$189,000	–	12,600	–	0.04%	–
NIO	New	NUVEEN INSURED MUNICIPAL OPPORTUNITY FDmf	$185,000	–	13,600	–	0.03%	–
NQU	New	NUVEEN QUALITY INCOME MUNICIPAL FUND INCmf	$183,000	–	13,700	–	0.03%	–
	New	INVESCO GLOBAL CORE EQUITY FUND CLASS Amf	$179,000	–	12,675	–	0.03%	–
AES	New	THE A E S CORP DELAWARE	$167,000	–	12,659	–	0.03%	–
	New	PIMCO REAL RETURN BOND FD CL Cmf	$151,000	–	13,953	–	0.03%	–
PMO	New	PUTNAM MUNI OPPORTUNITIES TR SBImf	$142,000	–	12,262	–	0.03%	–
NQI	New	NUVEEN INSD QUALITY MUNICIPAL FUND INCmf	$134,000	–	10,600	–	0.02%	–
	New	MATTHEWS INTL FD ASIAN GROWTH & INCOME FDmf	$136,000	–	7,394	–	0.02%	–
	New	FRANKLIN VIRGINIA TAX FREE INCOME FD CL Amf	$133,000	–	11,620	–	0.02%	–
AA	New	ALCOA INC	$122,000	–	10,900	–	0.02%	–
	New	HIGHLAND FDS I FLTG RATE OPPORTUNITIES FDmf	$113,000	–	14,505	–	0.02%	–
	New	MANNING & NAPIER FD INTERNATIONAL SERIESmf	$107,000	–	12,796	–	0.02%	–
	New	PIMCO FUNDS DEVELOPING LOCAL MRKT FD CL Dmf	$110,000	–	12,028	–	0.02%	–
	New	FRANKLIN INCOME FUNDmf	$81,000	–	34,312	–	0.02%	–
MPET	New	MAGELLAN PETROLEUM CORP	$13,000	–	30,743	–	0.00%	–
COCBF	New	COASTAL CARIBBEAN OILS & MINERALS LTD	$0	–	69,910	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
COCBF	Exit	COASTAL CARIBBEAN OILS & MINERALS LTD	$0	–	-69,910	–	0.00%	–
WPZ	Exit	WILLIAMS PARTNERS	$0	–	-150	–	-0.00%	–
WIN	Exit	WINDSTREAM CORP	$0	–	-2,038	–	-0.00%	–
COST	Exit	COSTCO CO INC	$0	–	-188	–	-0.00%	–
XYL	Exit	XYLEM INC	$0	–	-736	–	-0.01%	–
WEC	Exit	WISCONSIN ENERGY CORP	$0	–	-700	–	-0.01%	–
GSK	Exit	GLAXOSMITHKLINE PLC ADR	$0	–	-750	–	-0.01%	–
XRX	Exit	XEROX	$0	–	-2,410	–	-0.01%	–
UPS	Exit	UNITED PARCEL SERVICE INC CL B	$0	–	-410	–	-0.01%	–
PBW	Exit	POWERSHARES WILDERHILL CLEAN ENERGY ETF	$0	–	-6,019	–	-0.01%	–
GS	Exit	GOLDMAN SACHS GROUP	$0	–	-260	–	-0.01%	–
OKE	Exit	ONEOK INC NEW	$0	–	-1,000	–	-0.01%	–
MPET	Exit	MAGELLAN PETROLEUM CORP	$0	–	-30,743	–	-0.01%	–
XEL	Exit	XCEL ENERGY	$0	–	-2,400	–	-0.01%	–
X	Exit	UNITED STATES STEEL CORP NEW	$0	–	-1,800	–	-0.01%	–
WMB	Exit	WILLIAMS COS.	$0	–	-1,500	–	-0.02%	–
	Exit	FRANKLIN INCOME FUNDmf	$0	–	-33,196	–	-0.02%	–
	Exit	MANNING & NAPIER FD INTERNATIONAL SERIES	$0	–	-11,315	–	-0.02%	–
	Exit	HIGHLAND FDS I FLTG RATE OPPORTUNITIES FDmf	$0	–	-14,505	–	-0.02%	–
	Exit	PIMCO FUNDS DEVELOPING LOCAL MRKT FD CL Dmf	$0	–	-12,028	–	-0.02%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-1,510	–	-0.02%	–
NQI	Exit	NUVEEN INSD QUALITY MUNICIPAL FUND INCmf	$0	–	-10,600	–	-0.02%	–
	Exit	FRANKLIN VIRGINIA TAX FREE INCOME FD CL Amf	$0	–	-11,620	–	-0.02%	–
PMO	Exit	PUTNAM MUNI OPPORTUNITIES TR SBImf	$0	–	-12,262	–	-0.03%	–
	Exit	PIMCO REAL RETURN BOND FD CL Cmf	$0	–	-13,953	–	-0.03%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-4,885	–	-0.03%	–
KEY	Exit	KEYCORP	$0	–	-12,600	–	-0.03%	–
AA	Exit	ALCOA INC	$0	–	-10,900	–	-0.03%	–
	Exit	INVESCO GLOBAL CORE EQUITY FUND CLASS Amf	$0	–	-11,526	–	-0.03%	–
NQU	Exit	NUVEEN QUALITY INCOME MUNICIPAL FUND INCmf	$0	–	-13,700	–	-0.03%	–
NIO	Exit	NUVEEN INSURED MUNICIPAL OPPORTUNITY FDmf	$0	–	-13,600	–	-0.04%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-1,825	–	-0.04%	–
LLY	Exit	ELI LILLY & CO	$0	–	-3,266	–	-0.04%	–
DHR	Exit	DANAHER CORP	$0	–	-2,921	–	-0.04%	–
HPQ	Exit	HEWLETT-PACKARD COMPANY	$0	–	-6,480	–	-0.04%	–
MO	Exit	ALTRIA GROUP	$0	–	-4,975	–	-0.04%	–
TMO	Exit	THERMO FISHER SCIENTIFIC	$0	–	-1,920	–	-0.04%	–
VAC	Exit	MARRIOTT VACATIONS WORLDWIDE CORP	$0	–	-3,690	–	-0.04%	–
AES	Exit	THE A E S CORP DELAWARE	$0	–	-17,159	–	-0.04%	–
CSX	Exit	C S X CORPORATION	$0	–	-7,800	–	-0.04%	–
DTE	Exit	DTE ENERGY	$0	–	-3,306	–	-0.04%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-5,000	–	-0.05%	–
	Exit	TEMPLETON GLOBAL BOND FUND CL A	$0	–	-19,086	–	-0.05%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-3,589	–	-0.05%	–
OCR	Exit	OMNICARE INC	$0	–	-4,264	–	-0.05%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-2,634	–	-0.05%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-4,600	–	-0.05%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-5,809	–	-0.05%	–
NFG	Exit	NATIONAL FUEL GAS CO	$0	–	-3,968	–	-0.05%	–
HCP	Exit	HEALTH CARE PPTY INVS	$0	–	-6,924	–	-0.05%	–
	Exit	EATON VANCE NAT LIM MATURITY TAX FREE FDmf	$0	–	-29,752	–	-0.05%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-3,377	–	-0.05%	–
	Exit	FEDERATED SHORT TERM MUNI TR INSTIT SVCmf	$0	–	-27,525	–	-0.05%	–
NMY	Exit	NUVEEN MD PREMIUM INC MUNICIPAL FUNDmf	$0	–	-23,025	–	-0.05%	–
PX	Exit	PRAXAIR INC	$0	–	-2,296	–	-0.05%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GROUP INC	$0	–	-8,150	–	-0.06%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-6,400	–	-0.06%	–
INTU	Exit	INTUIT INC	$0	–	-3,600	–	-0.06%	–
GOOGL	Exit	GOOGLE CL A	$0	–	-552	–	-0.06%	–
HST	Exit	HOST HOTELS & RESORTS	$0	–	-15,229	–	-0.06%	–
MSI	Exit	MOTOROLA SOLUTIONS, INC	$0	–	-5,184	–	-0.06%	–
MAN	Exit	MANPOWER INC WISCONSIN	$0	–	-4,828	–	-0.06%	–
ORCL	Exit	ORACLE CORP	$0	–	-8,868	–	-0.06%	–
CMCSK	Exit	COMCAST CORP NEW SPECIAL CLASS A	$0	–	-6,390	–	-0.06%	–
PSX	Exit	PHILLIPS 66	$0	–	-4,574	–	-0.07%	–
SLB	Exit	SCHLUMBERGER LIMITED	$0	–	-3,713	–	-0.07%	–
LMT	Exit	LOCKHEED MARTIN	$0	–	-2,109	–	-0.07%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-12,478	–	-0.07%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-5,000	–	-0.08%	–
AMP	Exit	AMERIPRISE FINANCIAL	$0	–	-3,349	–	-0.08%	–
TRV	Exit	THE TRAVELERS COS INC	$0	–	-4,530	–	-0.08%	–
GOOG	Exit	GOOGLE CL C NON-VTNING	$0	–	-757	–	-0.08%	–
BFS	Exit	SAUL CENTERS INC.	$0	–	-9,547	–	-0.08%	–
DOW	Exit	DOW CHEMICAL COMPANY (THE)	$0	–	-9,150	–	-0.09%	–
GLW	Exit	CORNING INC.	$0	–	-25,500	–	-0.09%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-7,772	–	-0.09%	–
SJM	Exit	SMUCKER J.M. CO	$0	–	-5,077	–	-0.09%	–
ALL	Exit	ALLSTATE CORPORATION	$0	–	-8,307	–	-0.09%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-6,849	–	-0.10%	–
BP	Exit	BP PLC SPONS ADR	$0	–	-12,281	–	-0.10%	–
	Exit	MASS INVESTMENT TRUST CLASS Amf	$0	–	-19,023	–	-0.10%	–
	Exit	JAPAN FUNDmf	$0	–	-44,906	–	-0.10%	–
MS	Exit	MORGAN STANLEY & CO	$0	–	-16,288	–	-0.10%	–
UDR	Exit	UDR INC	$0	–	-21,550	–	-0.11%	–
QQQ	Exit	POWERSHARES QQQ TR ETF SERIES 1	$0	–	-6,302	–	-0.11%	–
XEC	Exit	CIMAREX ENERGY CO.	$0	–	-5,000	–	-0.11%	–
AMGN	Exit	AMGEN INC	$0	–	-4,801	–	-0.12%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-8,642	–	-0.12%	–
NTRS	Exit	NORTHERN TRUST CORP	$0	–	-10,400	–	-0.13%	–
HD	Exit	HOME DEPOT	$0	–	-7,810	–	-0.13%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CLASS B	$0	–	-5,508	–	-0.14%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-2,355	–	-0.14%	–
ZBH	Exit	ZIMMER HOLDINGS	$0	–	-7,710	–	-0.14%	–
	Exit	WASHINGTON MUTUAL INVESTORS FUNDmf	$0	–	-19,019	–	-0.14%	–
BAC	Exit	BANK OF AMERICA	$0	–	-47,144	–	-0.14%	–
CL	Exit	COLGATE-PALMOLIVE COMPANY	$0	–	-12,692	–	-0.15%	–
BPL	Exit	BUCKEYE PARTNERS LP LTD PARTNERSHIP	$0	–	-10,750	–	-0.15%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-12,502	–	-0.16%	–
BMY	Exit	BRISTOL-MYERS SQUIBB COMPANY	$0	–	-17,792	–	-0.16%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-18,889	–	-0.17%	–
EMR	Exit	EMERSON ELECTRIC CO.	$0	–	-15,747	–	-0.18%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-27,677	–	-0.19%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET	$0	–	-10,430	–	-0.19%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-29,270	–	-0.20%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKETS ETF	$0	–	-28,960	–	-0.21%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-41,275	–	-0.22%	–
WGL	Exit	WGL HLDGS INC	$0	–	-30,000	–	-0.23%	–
BEN	Exit	FRANKLIN RESOURCES INC	$0	–	-23,319	–	-0.23%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-25,116	–	-0.23%	–
FRT	Exit	FEDERAL REALTY INV TR S B I	$0	–	-10,879	–	-0.23%	–
WFM	Exit	WHOLE FOODS MARKET	$0	–	-34,170	–	-0.24%	–
TGT	Exit	TARGET CORP	$0	–	-21,411	–	-0.24%	–
EFA	Exit	ISHARES MSCI EAFE INDEX	$0	–	-21,210	–	-0.24%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-18,166	–	-0.24%	–
HSY	Exit	HERSHEY COMPANY	$0	–	-14,610	–	-0.25%	–
BA	Exit	BOEING	$0	–	-11,025	–	-0.25%	–
VB	Exit	VANGUARD SMALL CAP ETF	$0	–	-14,950	–	-0.30%	–
ABBV	Exit	ABBVIE INC	$0	–	-30,548	–	-0.32%	–
MTB	Exit	M & T BANK CORP	$0	–	-15,050	–	-0.34%	–
VWO	Exit	VANGUARD EMERGING MARKETS ETF	$0	–	-44,890	–	-0.34%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-44,040	–	-0.34%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-21,059	–	-0.36%	–
VO	Exit	VANGUARD MID CAP ETF	$0	–	-18,550	–	-0.39%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-56,935	–	-0.40%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-24,014	–	-0.40%	–
YUM	Exit	YUM BRANDS INC	$0	–	-32,610	–	-0.42%	–
MAR	Exit	MARRIOTT INTERNATIONAL, NEW INC CL A	$0	–	-34,217	–	-0.43%	–
WRE	Exit	WASH REAL ESTATE INV TRUST S B I	$0	–	-94,619	–	-0.43%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-23,012	–	-0.45%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-28,797	–	-0.46%	–
WRI	Exit	WEINGARTEN REALTY INVS S B I	$0	–	-83,941	–	-0.48%	–
IBB	Exit	ISHARES NASDAQ BIOTECH INDEX FD	$0	–	-9,747	–	-0.48%	–
MMM	Exit	3M CO.	$0	–	-19,208	–	-0.49%	–
D	Exit	DOMINION RESOURCES INC OF VA	$0	–	-40,002	–	-0.50%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-56,461	–	-0.51%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-29,196	–	-0.57%	–
EMC	Exit	EMC CORP MASSACHUSETTS	$0	–	-108,857	–	-0.58%	–
PNY	Exit	PIEDMONT NATURAL GAS	$0	–	-96,722	–	-0.58%	–
WTR	Exit	AQUA AMERICA	$0	–	-142,878	–	-0.61%	–
AXP	Exit	AMERICAN EXPRESS INC	$0	–	-38,493	–	-0.61%	–
V	Exit	VISA INC CLASS A	$0	–	-16,900	–	-0.65%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-144,558	–	-0.66%	–
APA	Exit	APACHE CORP	$0	–	-39,146	–	-0.66%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DEL CLASS A	$0	–	-18	–	-0.67%	–
IWM	Exit	ISHARES RUSSELL 2000 IDX	$0	–	-34,143	–	-0.67%	–
T	Exit	AT&T CORP NEW	$0	–	-106,044	–	-0.67%	–
AAPL	Exit	APPLE INC	$0	–	-37,635	–	-0.68%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-93,068	–	-0.70%	–
MRK	Exit	MERCK & COMPANY INCORPORATED NEW	$0	–	-68,839	–	-0.74%	–
K	Exit	KELLOGG COMPANY	$0	–	-67,606	–	-0.75%	–
MJN	Exit	MEAD JOHNSON NUTRITION	$0	–	-43,974	–	-0.76%	–
SO	Exit	SOUTHERN COMPANY (THE)	$0	–	-96,998	–	-0.76%	–
INTC	Exit	INTEL CORP COM	$0	–	-125,308	–	-0.79%	–
FDX	Exit	FEDEX CORP	$0	–	-29,370	–	-0.86%	–
WAG	Exit	WALGREEN CO.	$0	–	-82,347	–	-0.88%	–
XRAY	Exit	DENTSPLY INTL INC	$0	–	-107,340	–	-0.88%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-81,390	–	-0.88%	–
BDX	Exit	BECTON DICKINSON	$0	–	-45,483	–	-0.93%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE CORP	$0	–	-28,154	–	-0.96%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-76,363	–	-0.97%	–
MCD	Exit	MC DONALD'S CORPORATION	$0	–	-57,182	–	-0.98%	–
IWR	Exit	ISHARES RUSSELL MIDCAP INDEX	$0	–	-34,607	–	-0.99%	–
CAT	Exit	CATERPILLAR INCORPORATED	$0	–	-59,595	–	-1.06%	–
UTX	Exit	UNITED TECHNOLOGIES CORP COM	$0	–	-59,856	–	-1.14%	–
ITW	Exit	ILLINOIS TOOL WORKS INC.	$0	–	-78,424	–	-1.19%	–
WFC	Exit	WELLS FARGO & CO. NEW	$0	–	-142,463	–	-1.33%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-162,504	–	-1.36%	–
LOW	Exit	LOWES COS	$0	–	-143,560	–	-1.37%	–
CVX	Exit	CHEVRON CORP	$0	–	-77,044	–	-1.66%	–
TROW	Exit	T ROWE PRICE GROUP INC.	$0	–	-121,659	–	-1.72%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-112,078	–	-1.88%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-494,394	–	-2.28%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-126,907	–	-2.44%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-190,096	–	-2.87%	–
VGT	Exit	VANGUARD INFORMATION TECHNOLOGY VIPERS	$0	–	-217,820	–	-3.93%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-249,314	–	-4.23%	–
DD	Exit	DU PONT (E.I.) DE NEMOURS & CO	$0	–	-2,591,986	–	-33.55%	–

Q3 2014

			Value		Shares		↓ Weighting
DD	Sell	DU PONT (E.I.) DE NEMOURS & CO	$186,001,000	+9.7%	2,591,986	-0.0%	33.55%	+7.8%
XOM	Sell	EXXON MOBIL CORPORATION	$23,448,000	-7.5%	249,314	-0.9%	4.23%	-9.0%
VGT	Sell	VANGUARD INFORMATION TECHNOLOGY VIPERS	$21,799,000	+3.4%	217,820	-0.0%	3.93%	+1.6%
PG	Buy	PROCTER & GAMBLE COMPANY	$15,919,000	+7.6%	190,096	+1.0%	2.87%	+5.7%
JNJ	Sell	JOHNSON & JOHNSON	$13,527,000	+1.8%	126,907	-0.1%	2.44%	+0.0%
GE	Sell	GENERAL ELECTRIC COMPANY	$12,667,000	-2.7%	494,394	-0.2%	2.28%	-4.4%
PEP	Buy	PEPSICO INCORPORATED	$10,433,000	+4.9%	112,078	+0.6%	1.88%	+3.1%
TROW	Sell	T ROWE PRICE GROUP INC.	$9,538,000	-7.3%	121,659	-0.2%	1.72%	-8.9%
CVX	Sell	CHEVRON CORP	$9,193,000	-8.7%	77,044	-0.2%	1.66%	-10.3%
LOW	Sell	LOWES COS	$7,597,000	+9.5%	143,560	-0.7%	1.37%	+7.6%
MSFT	Buy	MICROSOFT CORPORATION	$7,533,000	+11.8%	162,504	+0.6%	1.36%	+10.0%
WFC	Buy	WELLS FARGO & CO. NEW	$7,390,000	-0.6%	142,463	+0.7%	1.33%	-2.3%
ITW	Sell	ILLINOIS TOOL WORKS INC.	$6,621,000	-3.7%	78,424	-0.1%	1.19%	-5.3%
UTX	Sell	UNITED TECHNOLOGIES CORP COM	$6,321,000	-9.2%	59,856	-0.8%	1.14%	-10.8%
CAT	Sell	CATERPILLAR INCORPORATED	$5,902,000	-14.1%	59,595	-5.8%	1.06%	-15.5%
IWR	Sell	ISHARES RUSSELL MIDCAP INDEX	$5,480,000	-3.5%	34,607	-1.0%	0.99%	-5.1%
MCD	Buy	MC DONALD'S CORPORATION	$5,421,000	-5.6%	57,182	+0.3%	0.98%	-7.2%
CHD	Buy	CHURCH & DWIGHT CO INC	$5,357,000	+1.0%	76,363	+0.7%	0.97%	-0.8%
IBM	Buy	INTERNATIONAL BUSINESS MACHINE CORP	$5,344,000	+5.4%	28,154	+0.7%	0.96%	+3.7%
BDX	Buy	BECTON DICKINSON	$5,176,000	-1.6%	45,483	+2.3%	0.93%	-3.2%
JPM	Buy	JPMORGAN CHASE & CO.	$4,903,000	+8.4%	81,390	+3.7%	0.88%	+6.5%
XRAY	Buy	DENTSPLY INTL INC	$4,895,000	-3.5%	107,340	+0.2%	0.88%	-5.2%
WAG	Buy	WALGREEN CO.	$4,881,000	-17.9%	82,347	+2.7%	0.88%	-19.2%
FDX	Sell	FEDEX CORP	$4,742,000	+5.1%	29,370	-1.5%	0.86%	+3.3%
INTC	Buy	INTEL CORP COM	$4,364,000	+13.9%	125,308	+1.1%	0.79%	+11.9%
SO	Buy	SOUTHERN COMPANY (THE)	$4,234,000	-3.4%	96,998	+0.4%	0.76%	-5.1%
MJN	Buy	MEAD JOHNSON NUTRITION	$4,231,000	+3.5%	43,974	+0.2%	0.76%	+1.7%
K	Sell	KELLOGG COMPANY	$4,165,000	-6.3%	67,606	-0.1%	0.75%	-8.0%
MRK	Buy	MERCK & COMPANY INCORPORATED NEW	$4,081,000	+6.8%	68,839	+4.2%	0.74%	+5.0%
ABT	Buy	ABBOTT LABORATORIES	$3,871,000	+3.6%	93,068	+1.9%	0.70%	+1.7%
AAPL	Buy	APPLE INC	$3,792,000	+12.2%	37,635	+3.5%	0.68%	+10.3%
T	Sell	AT&T CORP NEW	$3,737,000	-4.4%	106,044	-4.1%	0.67%	-6.1%
IWM	Sell	ISHARES RUSSELL 2000 IDX	$3,734,000	-8.6%	34,143	-0.7%	0.67%	-10.1%
BRKA	Sell	BERKSHIRE HATHAWAY INC DEL CLASS A	$3,724,000	+3.2%	18	-5.3%	0.67%	+1.5%
APA	Buy	APACHE CORP	$3,674,000	-6.2%	39,146	+0.5%	0.66%	-7.8%
CSCO	Sell	CISCO SYSTEMS INC	$3,639,000	+0.1%	144,558	-1.2%	0.66%	-1.6%
V	Buy	VISA INC CLASS A	$3,606,000	+16.5%	16,900	+15.0%	0.65%	+14.6%
AXP	Buy	AMERICAN EXPRESS INC	$3,369,000	-5.2%	38,493	+2.8%	0.61%	-6.7%
WTR	Buy	AQUA AMERICA	$3,362,000	-8.8%	142,878	+1.6%	0.61%	-10.5%
PNY	Sell	PIEDMONT NATURAL GAS	$3,243,000	-10.9%	96,722	-0.6%	0.58%	-12.4%
EMC	Sell	EMC CORP MASSACHUSETTS	$3,185,000	+9.9%	108,857	-1.1%	0.58%	+8.1%
UNP	Buy	UNION PACIFIC CORP	$3,165,000	+9.6%	29,196	+0.8%	0.57%	+7.7%
VZ	Sell	VERIZON COMMUNICATIONS	$2,822,000	+1.1%	56,461	-1.0%	0.51%	-0.6%
D	Sell	DOMINION RESOURCES INC OF VA	$2,764,000	-3.9%	40,002	-0.5%	0.50%	-5.5%
MMM	Sell	3M CO.	$2,721,000	-1.4%	19,208	-0.3%	0.49%	-3.0%
IBB	Buy	ISHARES NASDAQ BIOTECH INDEX FD	$2,667,000	+10.3%	9,747	+3.6%	0.48%	+8.3%
WRI	Sell	WEINGARTEN REALTY INVS S B I	$2,644,000	-4.5%	83,941	-0.4%	0.48%	-6.1%
DIS	Buy	WALT DISNEY COMPANY	$2,564,000	+8.1%	28,797	+4.2%	0.46%	+6.4%
WRE	Sell	WASH REAL ESTATE INV TRUST S B I	$2,401,000	-3.3%	94,619	-1.0%	0.43%	-5.0%
MAR	Sell	MARRIOTT INTERNATIONAL, NEW INC CL A	$2,392,000	+6.9%	34,217	-2.0%	0.43%	+5.1%
YUM	Sell	YUM BRANDS INC	$2,347,000	-11.5%	32,610	-0.1%	0.42%	-13.1%
SE	Buy	SPECTRA ENERGY CORP	$2,235,000	-6.0%	56,935	+1.7%	0.40%	-7.6%
VO	Buy	VANGUARD MID CAP ETF	$2,176,000	+9.3%	18,550	+10.5%	0.39%	+7.7%
NEE	Sell	NEXTERA ENERGY	$1,977,000	-8.7%	21,059	-0.3%	0.36%	-10.1%
KO	Sell	COCA-COLA COMPANY	$1,879,000	+0.3%	44,040	-0.5%	0.34%	-1.5%
VWO	Sell	VANGUARD EMERGING MARKETS ETF	$1,872,000	-14.4%	44,890	-11.5%	0.34%	-15.7%
ABBV	Sell	ABBVIE INC	$1,764,000	-5.0%	30,548	-7.2%	0.32%	-6.7%
VB	Buy	VANGUARD SMALL CAP ETF	$1,654,000	+1.5%	14,950	+7.4%	0.30%	-0.3%
BA	Sell	BOEING	$1,404,000	-0.1%	11,025	-0.2%	0.25%	-1.9%
HSY	Sell	HERSHEY COMPANY	$1,394,000	-2.7%	14,610	-0.7%	0.25%	-4.6%
EFA	Sell	ISHARES MSCI EAFE INDEX	$1,360,000	-14.6%	21,210	-8.9%	0.24%	-16.1%
DUK	Sell	DUKE ENERGY CORP	$1,358,000	-3.3%	18,166	-4.1%	0.24%	-5.0%
TGT	Sell	TARGET CORP	$1,342,000	-3.3%	21,411	-10.6%	0.24%	-5.1%
WFM	Buy	WHOLE FOODS MARKET	$1,302,000	-0.5%	34,170	+0.8%	0.24%	-2.1%
FRT	Sell	FEDERAL REALTY INV TR S B I	$1,289,000	-6.5%	10,879	-4.5%	0.23%	-7.9%
WGL	Sell	WGL HLDGS INC	$1,264,000	-3.7%	30,000	-1.5%	0.23%	-5.4%
PFE	Sell	PFIZER INCORPORATED	$1,221,000	-2.2%	41,275	-1.9%	0.22%	-3.9%
VEA	Sell	VANGUARD FTSE DEVELOPED MARKETS ETF	$1,151,000	-8.1%	28,960	-1.5%	0.21%	-9.6%
BK	Sell	BANK OF NEW YORK MELLON CORP	$1,134,000	-3.7%	29,270	-6.8%	0.20%	-5.1%
VTI	Buy	VANGUARD TOTAL STOCK MARKET	$1,056,000	+1.4%	10,430	+2.0%	0.19%	-0.5%
SYY	Sell	SYSCO CORPORATION	$1,050,000	-2.6%	27,677	-3.8%	0.19%	-4.5%
BMY	Sell	BRISTOL-MYERS SQUIBB COMPANY	$911,000	+3.8%	17,792	-1.7%	0.16%	+1.9%
ADBE	Sell	ADOBE SYSTEMS INCORPORATED	$865,000	-9.1%	12,502	-5.0%	0.16%	-10.9%
BPL	Sell	BUCKEYE PARTNERS LP LTD PARTNERSHIP	$856,000	-13.0%	10,750	-9.3%	0.15%	-14.9%
CL	Sell	COLGATE-PALMOLIVE COMPANY	$828,000	-5.0%	12,692	-0.8%	0.15%	-6.9%
BAC	Sell	BANK OF AMERICA	$804,000	-20.1%	47,144	-28.0%	0.14%	-21.6%
	Sell	WASHINGTON MUTUAL INVESTORS FUNDmf	$796,000	-0.4%	19,019	-0.9%	0.14%	-2.0%
ZBH	Sell	ZIMMER HOLDINGS	$775,000	-4.6%	7,710	-1.3%	0.14%	-6.0%
AMGN	Sell	AMGEN INC	$674,000	+0.9%	4,801	-14.9%	0.12%	-0.8%
UDR	Sell	UDR INC	$587,000	-5.3%	21,550	-0.5%	0.11%	-7.0%
BP	Sell	BP PLC SPONS ADR	$540,000	-17.9%	12,281	-1.6%	0.10%	-19.8%
COP	Buy	CONOCOPHILLIPS	$524,000	-3.0%	6,849	+8.8%	0.10%	-4.0%
SJM	Buy	SMUCKER J.M. CO	$503,000	-6.2%	5,077	+0.9%	0.09%	-7.1%
DFS	Buy	DISCOVER FINANCIAL SERVICES	$500,000	+9.6%	7,772	+5.7%	0.09%	+7.1%
GOOG	Buy	GOOGLE CL C NON-VTNING	$437,000	+28.2%	757	+27.9%	0.08%	+25.4%
PM	Sell	PHILIP MORRIS INTERNATIONAL	$417,000	-4.8%	5,000	-3.8%	0.08%	-6.2%
LMT	Sell	LOCKHEED MARTIN	$385,000	+8.5%	2,109	-4.5%	0.07%	+6.2%
SLB	Sell	SCHLUMBERGER LIMITED	$378,000	-37.3%	3,713	-27.4%	0.07%	-38.7%
HST	Sell	HOST HOTELS & RESORTS	$325,000	-3.8%	15,229	-1.0%	0.06%	-4.8%
PEG	Sell	PUBLIC SERVICE ENTERPRISE GROUP INC	$304,000	-9.8%	8,150	-1.2%	0.06%	-11.3%
PNC	Sell	PNC FINANCIAL SERVICES GROUP	$289,000	-14.5%	3,377	-11.1%	0.05%	-16.1%
	Buy	FEDERATED SHORT TERM MUNI TR INSTIT SVCmf	$287,000	+0.7%	27,525	+0.3%	0.05%	0.0%
APC	Buy	ANADARKO PETROLEUM CORP	$267,000	+6.4%	2,634	+14.8%	0.05%	+4.3%
	Buy	TEMPLETON GLOBAL BOND FUND CL A	$253,000	0.0%	19,086	+0.7%	0.05%	0.0%
CSX	Sell	C S X CORPORATION	$250,000	-1.2%	7,800	-4.9%	0.04%	-2.2%
DTE	Sell	DTE ENERGY	$252,000	-4.5%	3,306	-2.4%	0.04%	-6.2%
MO	Sell	ALTRIA GROUP	$229,000	+1.8%	4,975	-7.4%	0.04%	0.0%
DHR	Buy	DANAHER CORP	$222,000	+8.3%	2,921	+12.1%	0.04%	+5.3%
NSC	Sell	NORFOLK SOUTHERN CORP	$204,000	-1.0%	1,825	-8.8%	0.04%	-2.6%
MDLZ	New	MONDELEZ INTL INC	$167,000	–	4,885	–	0.03%	–
UNH	New	UNITED HEALTHCARE CORP	$130,000	–	1,510	–	0.02%	–
	New	PIMCO FUNDS DEVELOPING LOCAL MRKT FD CL Dmf	$119,000	–	12,028	–	0.02%	–
	Buy	MANNING & NAPIER FD INTERNATIONAL SERIES	$107,000	-8.5%	11,315	+0.6%	0.02%	-9.5%
WMB	New	WILLIAMS COS.	$83,000	–	1,500	–	0.02%	–
	Buy	FRANKLIN INCOME FUNDmf	$83,000	-3.5%	33,196	+1.1%	0.02%	-6.2%
X	New	UNITED STATES STEEL CORP NEW	$71,000	–	1,800	–	0.01%	–
XEL	New	XCEL ENERGY	$73,000	–	2,400	–	0.01%	–
OKE	New	ONEOK INC NEW	$66,000	–	1,000	–	0.01%	–
GS	New	GOLDMAN SACHS GROUP	$48,000	–	260	–	0.01%	–
PBW	New	POWERSHARES WILDERHILL CLEAN ENERGY ETF	$38,000	–	6,019	–	0.01%	–
UPS	New	UNITED PARCEL SERVICE INC CL B	$40,000	–	410	–	0.01%	–
GSK	New	GLAXOSMITHKLINE PLC ADR	$34,000	–	750	–	0.01%	–
XRX	New	XEROX	$32,000	–	2,410	–	0.01%	–
WEC	New	WISCONSIN ENERGY CORP	$30,000	–	700	–	0.01%	–
XYL	New	XYLEM INC	$26,000	–	736	–	0.01%	–
WIN	New	WINDSTREAM CORP	$22,000	–	2,038	–	0.00%	–
COST	New	COSTCO CO INC	$24,000	–	188	–	0.00%	–
WPZ	New	WILLIAMS PARTNERS	$8,000	–	150	–	0.00%	–
	Exit	PIMCO FDS PAC INVT FOREIGN BOND FUNDmf	$0	–	-10,031	–	-0.02%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-1,800	–	-0.03%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-2,333	–	-0.03%	–
DTEGY	Exit	DEUTSCHE TELEKOM AG ADR	$0	–	-10,400	–	-0.03%	–
USB	Exit	US BANCORP DEL (NEW)	$0	–	-4,700	–	-0.04%	–
	Exit	EUROPACIFIC GROWTH FD ^*CLASS Amf	$0	–	-4,162	–	-0.04%	–
GHC	Exit	GRAHAM HOLDINGS CO.	$0	–	-374	–	-0.05%	–
VOO	Exit	VANGUARD S&P ETF	$0	–	-5,437	–	-0.18%	–
SIAL	Exit	SIGMA ALDRICH CORP	$0	–	-12,600	–	-0.24%	–

Q2 2014

			Value		Shares		↓ Weighting
DD	New	DU PONT (E.I.) DE NEMOURS & CO	$169,629,000	–	2,592,122	–	31.13%	–
XOM	New	EXXON MOBIL CORPORATION	$25,337,000	–	251,661	–	4.65%	–
VGT	New	VANGUARD INFORMATION TECHNOLOGY VIPERS	$21,085,000	–	217,845	–	3.87%	–
PG	New	PROCTER & GAMBLE COMPANY	$14,796,000	–	188,265	–	2.72%	–
JNJ	New	JOHNSON & JOHNSON	$13,289,000	–	127,016	–	2.44%	–
GE	New	GENERAL ELECTRIC COMPANY	$13,015,000	–	495,254	–	2.39%	–
TROW	New	T ROWE PRICE GROUP INC.	$10,293,000	–	121,939	–	1.89%	–
CVX	New	CHEVRON CORP	$10,074,000	–	77,165	–	1.85%	–
PEP	New	PEPSICO INCORPORATED	$9,950,000	–	111,368	–	1.83%	–
WFC	New	WELLS FARGO & CO. NEW	$7,434,000	–	141,433	–	1.36%	–
UTX	New	UNITED TECHNOLOGIES CORP COM	$6,962,000	–	60,311	–	1.28%	–
LOW	New	LOWES COS	$6,938,000	–	144,560	–	1.27%	–
ITW	New	ILLINOIS TOOL WORKS INC.	$6,873,000	–	78,494	–	1.26%	–
CAT	New	CATERPILLAR INCORPORATED	$6,872,000	–	63,243	–	1.26%	–
MSFT	New	MICROSOFT CORPORATION	$6,735,000	–	161,504	–	1.24%	–
WAG	New	WALGREEN CO.	$5,945,000	–	80,202	–	1.09%	–
MCD	New	MC DONALD'S CORPORATION	$5,743,000	–	57,012	–	1.05%	–
IWR	New	ISHARES RUSSELL MIDCAP INDEX	$5,680,000	–	34,942	–	1.04%	–
CHD	New	CHURCH & DWIGHT CO INC	$5,305,000	–	75,843	–	0.97%	–
BDX	New	BECTON DICKINSON	$5,259,000	–	44,453	–	0.96%	–
XRAY	New	DENTSPLY INTL INC	$5,071,000	–	107,090	–	0.93%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE CORP	$5,069,000	–	27,964	–	0.93%	–
JPM	New	JPMORGAN CHASE & CO.	$4,523,000	–	78,500	–	0.83%	–
FDX	New	FEDEX CORP	$4,513,000	–	29,810	–	0.83%	–
K	New	KELLOGG COMPANY	$4,447,000	–	67,691	–	0.82%	–
SO	New	SOUTHERN COMPANY (THE)	$4,385,000	–	96,628	–	0.80%	–
IWM	New	ISHARES RUSSELL 2000 IDX	$4,084,000	–	34,378	–	0.75%	–
MJN	New	MEAD JOHNSON NUTRITION	$4,089,000	–	43,884	–	0.75%	–
APA	New	APACHE CORP	$3,918,000	–	38,941	–	0.72%	–
T	New	AT&T CORP NEW	$3,910,000	–	110,585	–	0.72%	–
INTC	New	INTEL CORP COM	$3,830,000	–	123,938	–	0.70%	–
MRK	New	MERCK & COMPANY INCORPORATED NEW	$3,822,000	–	66,052	–	0.70%	–
ABT	New	ABBOTT LABORATORIES	$3,737,000	–	91,372	–	0.69%	–
WTR	New	AQUA AMERICA	$3,688,000	–	140,653	–	0.68%	–
PNY	New	PIEDMONT NATURAL GAS	$3,640,000	–	97,302	–	0.67%	–
CSCO	New	CISCO SYSTEMS INC	$3,635,000	–	146,297	–	0.67%	–
BRKA	New	BERKSHIRE HATHAWAY INC DEL CLASS A	$3,608,000	–	19	–	0.66%	–
AXP	New	AMERICAN EXPRESS INC	$3,552,000	–	37,438	–	0.65%	–
AAPL	New	APPLE INC	$3,379,000	–	36,360	–	0.62%	–
V	New	VISA INC CLASS A	$3,096,000	–	14,695	–	0.57%	–
EMC	New	EMC CORP MASSACHUSETTS	$2,898,000	–	110,042	–	0.53%	–
UNP	New	UNION PACIFIC CORP	$2,889,000	–	28,966	–	0.53%	–
D	New	DOMINION RESOURCES INC OF VA	$2,875,000	–	40,193	–	0.53%	–
VZ	New	VERIZON COMMUNICATIONS	$2,792,000	–	57,060	–	0.51%	–
WRI	New	WEINGARTEN REALTY INVS S B I	$2,768,000	–	84,291	–	0.51%	–
MMM	New	3M CO.	$2,759,000	–	19,258	–	0.51%	–
YUM	New	YUM BRANDS INC	$2,651,000	–	32,643	–	0.49%	–
KMB	New	KIMBERLY-CLARK CORP	$2,559,000	–	23,012	–	0.47%	–
WRE	New	WASH REAL ESTATE INV TRUST S B I	$2,484,000	–	95,608	–	0.46%	–
IBB	New	ISHARES NASDAQ BIOTECH INDEX FD	$2,418,000	–	9,407	–	0.44%	–
SE	New	SPECTRA ENERGY CORP	$2,378,000	–	55,975	–	0.44%	–
DIS	New	WALT DISNEY COMPANY	$2,371,000	–	27,647	–	0.44%	–
MAR	New	MARRIOTT INTERNATIONAL, NEW INC CL A	$2,238,000	–	34,917	–	0.41%	–
HON	New	HONEYWELL INTERNATIONAL INC	$2,232,000	–	24,014	–	0.41%	–
VWO	New	VANGUARD EMERGING MARKETS ETF	$2,187,000	–	50,714	–	0.40%	–
NEE	New	NEXTERA ENERGY	$2,165,000	–	21,125	–	0.40%	–
VO	New	VANGUARD MID CAP ETF	$1,991,000	–	16,780	–	0.36%	–
KO	New	COCA-COLA COMPANY	$1,874,000	–	44,240	–	0.34%	–
MTB	New	M & T BANK CORP	$1,867,000	–	15,050	–	0.34%	–
ABBV	New	ABBVIE INC	$1,857,000	–	32,902	–	0.34%	–
VB	New	VANGUARD SMALL CAP ETF	$1,630,000	–	13,915	–	0.30%	–
EFA	New	ISHARES MSCI EAFE INDEX	$1,592,000	–	23,290	–	0.29%	–
HSY	New	HERSHEY COMPANY	$1,432,000	–	14,710	–	0.26%	–
BA	New	BOEING	$1,406,000	–	11,050	–	0.26%	–
DUK	New	DUKE ENERGY CORP	$1,405,000	–	18,945	–	0.26%	–
TGT	New	TARGET CORP	$1,388,000	–	23,953	–	0.26%	–
FRT	New	FEDERAL REALTY INV TR S B I	$1,378,000	–	11,395	–	0.25%	–
BEN	New	FRANKLIN RESOURCES INC	$1,349,000	–	23,319	–	0.25%	–
WGL	New	WGL HLDGS INC	$1,313,000	–	30,470	–	0.24%	–
WFM	New	WHOLE FOODS MARKET	$1,309,000	–	33,900	–	0.24%	–
SIAL	New	SIGMA ALDRICH CORP	$1,279,000	–	12,600	–	0.24%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKETS ETF	$1,252,000	–	29,407	–	0.23%	–
PFE	New	PFIZER INCORPORATED	$1,249,000	–	42,075	–	0.23%	–
BK	New	BANK OF NEW YORK MELLON CORP	$1,177,000	–	31,419	–	0.22%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$1,108,000	–	25,116	–	0.20%	–
SYY	New	SYSCO CORPORATION	$1,078,000	–	28,775	–	0.20%	–
EMR	New	EMERSON ELECTRIC CO.	$1,045,000	–	15,747	–	0.19%	–
VTI	New	VANGUARD TOTAL STOCK MARKET	$1,041,000	–	10,225	–	0.19%	–
BAC	New	BANK OF AMERICA	$1,006,000	–	65,483	–	0.18%	–
GIS	New	GENERAL MILLS INC	$992,000	–	18,889	–	0.18%	–
BPL	New	BUCKEYE PARTNERS LP LTD PARTNERSHIP	$984,000	–	11,850	–	0.18%	–
VOO	New	VANGUARD S&P ETF	$976,000	–	5,437	–	0.18%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$952,000	–	13,162	–	0.18%	–
BMY	New	BRISTOL-MYERS SQUIBB COMPANY	$878,000	–	18,092	–	0.16%	–
CL	New	COLGATE-PALMOLIVE COMPANY	$872,000	–	12,792	–	0.16%	–
ZBH	New	ZIMMER HOLDINGS	$812,000	–	7,810	–	0.15%	–
	New	WASHINGTON MUTUAL INVESTORS FUNDmf	$799,000	–	19,188	–	0.15%	–
AMZN	New	AMAZON.COM INC	$765,000	–	2,355	–	0.14%	–
XEC	New	CIMAREX ENERGY CO.	$717,000	–	5,000	–	0.13%	–
BRKB	New	BERKSHIRE HATHAWAY INC DEL CLASS B	$697,000	–	5,508	–	0.13%	–
AMGN	New	AMGEN INC	$668,000	–	5,641	–	0.12%	–
NTRS	New	NORTHERN TRUST CORP	$668,000	–	10,400	–	0.12%	–
BP	New	BP PLC SPONS ADR	$658,000	–	12,481	–	0.12%	–
CVS	New	CVS CAREMARK CORPORATION	$651,000	–	8,642	–	0.12%	–
HD	New	HOME DEPOT	$632,000	–	7,810	–	0.12%	–
UDR	New	UDR INC	$620,000	–	21,650	–	0.11%	–
SLB	New	SCHLUMBERGER LIMITED	$603,000	–	5,113	–	0.11%	–
QQQ	New	POWERSHARES QQQ TR ETF SERIES 1	$592,000	–	6,302	–	0.11%	–
GLW	New	CORNING INC.	$560,000	–	25,500	–	0.10%	–
	New	JAPAN FUNDmf	$561,000	–	44,906	–	0.10%	–
	New	MASS INVESTMENT TRUST CLASS A	$549,000	–	19,023	–	0.10%	–
COP	New	CONOCOPHILLIPS	$540,000	–	6,294	–	0.10%	–
SJM	New	SMUCKER J.M. CO	$536,000	–	5,031	–	0.10%	–
MS	New	MORGAN STANLEY & CO	$527,000	–	16,288	–	0.10%	–
ALL	New	ALLSTATE CORPORATION	$488,000	–	8,307	–	0.09%	–
DOW	New	DOW CHEMICAL COMPANY (THE)	$471,000	–	9,150	–	0.09%	–
BFS	New	SAUL CENTERS INC.	$464,000	–	9,547	–	0.08%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$456,000	–	7,352	–	0.08%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$438,000	–	5,200	–	0.08%	–
TRV	New	THE TRAVELERS COS INC	$426,000	–	4,530	–	0.08%	–
WY	New	WEYERHAEUSER CO	$413,000	–	12,478	–	0.08%	–
MAN	New	MANPOWER INC WISCONSIN	$410,000	–	4,828	–	0.08%	–
AMP	New	AMERIPRISE FINANCIAL	$402,000	–	3,349	–	0.07%	–
PSX	New	PHILLIPS 66	$368,000	–	4,574	–	0.07%	–
ORCL	New	ORACLE CORP	$359,000	–	8,868	–	0.07%	–
LMT	New	LOCKHEED MARTIN	$355,000	–	2,209	–	0.06%	–
CMCSK	New	COMCAST CORP NEW SPECIAL CLASS A	$341,000	–	6,390	–	0.06%	–
MSI	New	MOTOROLA SOLUTIONS, INC	$345,000	–	5,184	–	0.06%	–
GOOG	New	GOOGLE CL C NON-VTNING	$341,000	–	592	–	0.06%	–
HST	New	HOST HOTELS & RESORTS	$338,000	–	15,379	–	0.06%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$338,000	–	3,799	–	0.06%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GROUP INC	$337,000	–	8,250	–	0.06%	–
GOOGL	New	GOOGLE CL A	$323,000	–	552	–	0.06%	–
HOG	New	HARLEY DAVIDSON INC	$321,000	–	4,600	–	0.06%	–
NFG	New	NATIONAL FUEL GAS CO	$311,000	–	3,968	–	0.06%	–
TXN	New	TEXAS INSTRUMENTS	$306,000	–	6,400	–	0.06%	–
PX	New	PRAXAIR INC	$305,000	–	2,296	–	0.06%	–
NMY	New	NUVEEN MD PREMIUM INC MUNICIPAL FUNDmf	$297,000	–	23,025	–	0.06%	–
IP	New	INTERNATIONAL PAPER CO	$293,000	–	5,809	–	0.05%	–
HCP	New	HEALTH CARE PPTY INVS	$287,000	–	6,924	–	0.05%	–
INTU	New	INTUIT INC	$290,000	–	3,600	–	0.05%	–
	New	FEDERATED SHORT TERM MUNI TR INSTIT SVCmf	$285,000	–	27,445	–	0.05%	–
OCR	New	OMNICARE INC	$284,000	–	4,264	–	0.05%	–
	New	EATON VANCE NAT LIM MATURITY TAX FREE FDmf	$283,000	–	29,752	–	0.05%	–
AES	New	THE A E S CORP DELAWARE	$267,000	–	17,159	–	0.05%	–
GHC	New	GRAHAM HOLDINGS CO.	$269,000	–	374	–	0.05%	–
DTE	New	DTE ENERGY	$264,000	–	3,387	–	0.05%	–
CSX	New	C S X CORPORATION	$253,000	–	8,200	–	0.05%	–
	New	TEMPLETON GLOBAL BOND FUND CL A	$253,000	–	18,957	–	0.05%	–
APC	New	ANADARKO PETROLEUM CORP	$251,000	–	2,294	–	0.05%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$249,000	–	3,589	–	0.05%	–
HRL	New	HORMEL FOODS CORP	$247,000	–	5,000	–	0.04%	–
TMO	New	THERMO FISHER SCIENTIFIC	$227,000	–	1,920	–	0.04%	–
MO	New	ALTRIA GROUP	$225,000	–	5,375	–	0.04%	–
HPQ	New	HEWLETT-PACKARD COMPANY	$218,000	–	6,480	–	0.04%	–
VAC	New	MARRIOTT VACATIONS WORLDWIDE CORP	$216,000	–	3,690	–	0.04%	–
	New	EUROPACIFIC GROWTH FD ^*CLASS Amf	$211,000	–	4,162	–	0.04%	–
NSC	New	NORFOLK SOUTHERN CORP	$206,000	–	2,000	–	0.04%	–
DHR	New	DANAHER CORP	$205,000	–	2,606	–	0.04%	–
LLY	New	ELI LILLY & CO	$203,000	–	3,266	–	0.04%	–
USB	New	US BANCORP DEL (NEW)	$204,000	–	4,700	–	0.04%	–
NIO	New	NUVEEN INSURED MUNICIPAL OPPORTUNITY FDmf	$192,000	–	13,600	–	0.04%	–
NQU	New	NUVEEN QUALITY INCOME MUNICIPAL FUND INCmf	$188,000	–	13,700	–	0.04%	–
	New	INVESCO GLOBAL CORE EQUITY FUND CLASS Amf	$185,000	–	11,526	–	0.03%	–
DTEGY	New	DEUTSCHE TELEKOM AG ADR	$182,000	–	10,400	–	0.03%	–
KEY	New	KEYCORP	$181,000	–	12,600	–	0.03%	–
WMT	New	WAL-MART STORES INC	$175,000	–	2,333	–	0.03%	–
AA	New	ALCOA INC	$162,000	–	10,900	–	0.03%	–
RTN	New	RAYTHEON COMPANY NEW	$166,000	–	1,800	–	0.03%	–
	New	PIMCO REAL RETURN BOND FD CL Cmf	$162,000	–	13,953	–	0.03%	–
NQI	New	NUVEEN INSD QUALITY MUNICIPAL FUND INCmf	$139,000	–	10,600	–	0.03%	–
PMO	New	PUTNAM MUNI OPPORTUNITIES TR SBImf	$144,000	–	12,262	–	0.03%	–
	New	FRANKLIN VIRGINIA TAX FREE INCOME FD CL Amf	$134,000	–	11,620	–	0.02%	–
	New	HIGHLAND FDS I FLTG RATE OPPORTUNITIES FDmf	$119,000	–	14,505	–	0.02%	–
	New	MANNING & NAPIER FD INTERNATIONAL SERIESmf	$117,000	–	11,249	–	0.02%	–
	New	PIMCO FDS PAC INVT FOREIGN BOND FUNDmf	$107,000	–	10,031	–	0.02%	–
	New	FRANKLIN INCOME FUNDmf	$86,000	–	32,851	–	0.02%	–
MPET	New	MAGELLAN PETROLEUM CORP	$68,000	–	30,743	–	0.01%	–
COCBF	New	COASTAL CARIBBEAN OILS & MINERALS LTD	$1,000	–	69,910	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
COCBF	Exit	COASTAL CARIBBEAN OILS & MINERALS LTD	$0	–	-69,910	–	0.00%	–
MPET	Exit	MAGELLAN PETROLEUM CORP	$0	–	-30,743	–	-0.01%	–
RYN	Exit	RAYONIER INC	$0	–	-639	–	-0.01%	–
RNP	Exit	COHEN & STEERS REIT AND PFD INCOME FUND	$0	–	-2,550	–	-0.01%	–
	Exit	FRANKLIN INCOME FUNDmf	$0	–	-31,762	–	-0.01%	–
	Exit	MATTHEWS INTL FDS KOREA FD CL Imf	$0	–	-15,844	–	-0.02%	–
	Exit	MATTHEWS INTL FDS CHINA CLASS Imf	$0	–	-4,091	–	-0.02%	–
	Exit	MANNING & NAPIER FD INTERNATIONAL SERIESmf	$0	–	-10,706	–	-0.02%	–
	Exit	HIGHLAND FDS I FLTG RATE OPPORTUNITIES FDmf	$0	–	-14,505	–	-0.02%	–
NQI	Exit	NUVEEN INSD QUALITY MUNICIPAL FUND INCmf	$0	–	-10,600	–	-0.02%	–
	Exit	FRANKLIN VIRGINIA TAX FREE INCOME FD CL Amf	$0	–	-11,620	–	-0.02%	–
PMO	Exit	PUTNAM MUNI OPPORTUNITIES TR SBImf	$0	–	-12,262	–	-0.03%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-1,800	–	-0.03%	–
KEY	Exit	KEYCORP	$0	–	-12,600	–	-0.03%	–
DTEGY	Exit	DEUTSCHE TELEKOM AG ADR	$0	–	-10,400	–	-0.03%	–
AA	Exit	ALCOA INC	$0	–	-18,900	–	-0.03%	–
	Exit	PIMCO REAL RETURN BOND FD CL Cmf	$0	–	-13,953	–	-0.03%	–
NQU	Exit	NUVEEN QUALITY INCOME MUNICIPAL FUND INCmf	$0	–	-13,700	–	-0.03%	–
NIO	Exit	NUVEEN INSURED MUNICIPAL OPPORTUNITY FDmf	$0	–	-13,600	–	-0.03%	–
NSRGY	Exit	NESTLE SA REG ADR	$0	–	-2,769	–	-0.04%	–
EEM	Exit	ISHARES MSCI EMERGING MKTS INDEX FD	$0	–	-4,920	–	-0.04%	–
WPO	Exit	WASHINGTON POST CO CL B	$0	–	-350	–	-0.04%	–
CSX	Exit	C S X CORPORATION	$0	–	-8,200	–	-0.04%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-4,743	–	-0.04%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-5,000	–	-0.04%	–
LMT	Exit	LOCKHEED MARTIN	$0	–	-1,724	–	-0.04%	–
DTE	Exit	DTE ENERGY	$0	–	-3,382	–	-0.04%	–
	Exit	PERMANENT PORTFOLIO FD PERM PORTFOLIOmf	$0	–	-4,647	–	-0.04%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-3,400	–	-0.05%	–
SLM	Exit	SLM CORP	$0	–	-10,584	–	-0.05%	–
LH	Exit	LABORATORY CORP OF AMERICA	$0	–	-2,705	–	-0.05%	–
HST	Exit	HOST HOTELS & RESORTS	$0	–	-15,379	–	-0.05%	–
GOOGL	Exit	GOOGLE CL A	$0	–	-309	–	-0.05%	–
CMCSK	Exit	COMCAST CORP NEW SPECIAL CLASS A	$0	–	-6,390	–	-0.05%	–
NFG	Exit	NATIONAL FUEL GAS CO	$0	–	-3,968	–	-0.05%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GROUP INC	$0	–	-8,350	–	-0.05%	–
HPQ	Exit	HEWLETT-PACKARD COMPANY	$0	–	-13,149	–	-0.05%	–
	Exit	TEMPLETON GLOBAL BOND FUND CL Amf	$0	–	-21,056	–	-0.05%	–
	Exit	EATON VANCE NAT LIM MATURITY TAX FREE FDmf	$0	–	-29,752	–	-0.05%	–
PX	Exit	PRAXAIR INC	$0	–	-2,296	–	-0.05%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-7,000	–	-0.05%	–
NMY	Exit	NUVEEN MD PREMIUM INC MUNICIPAL FUNDmf	$0	–	-23,025	–	-0.05%	–
	Exit	FEDERATED SHORT TERM MUNI TR INSTIT SVCmf	$0	–	-27,196	–	-0.05%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-5,600	–	-0.06%	–
HCP	Exit	HEALTH CARE PPTY INVS	$0	–	-7,105	–	-0.06%	–
IFF	Exit	INTERNATIONAL FLAVORS & FRAGRANCES	$0	–	-3,500	–	-0.06%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-4,600	–	-0.06%	–
ORCL	Exit	ORACLE CORP	$0	–	-8,868	–	-0.06%	–
AES	Exit	THE A E S CORP DELAWARE	$0	–	-22,494	–	-0.06%	–
AMP	Exit	AMERIPRISE FINANCIAL	$0	–	-3,424	–	-0.06%	–
MSI	Exit	MOTOROLA SOLUTIONS, INC	$0	–	-5,409	–	-0.06%	–
SLB	Exit	SCHLUMBERGER LIMITED	$0	–	-3,913	–	-0.07%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-4,813	–	-0.07%	–
DOW	Exit	DOW CHEMICAL COMPANY (THE)	$0	–	-9,200	–	-0.07%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-12,764	–	-0.07%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-1,950	–	-0.07%	–
GLW	Exit	CORNING INC.	$0	–	-26,100	–	-0.07%	–
INTU	Exit	INTUIT INC	$0	–	-5,800	–	-0.07%	–
UDR	Exit	UDR INC	$0	–	-16,444	–	-0.08%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES	$0	–	-7,969	–	-0.08%	–
	Exit	INVESCO GLOBAL CORE EQUITY FUND CLASS Amf	$0	–	-28,856	–	-0.08%	–
ALL	Exit	ALLSTATE CORPORATION	$0	–	-8,545	–	-0.08%	–
MS	Exit	MORGAN STANLEY & CO	$0	–	-16,288	–	-0.08%	–
BFS	Exit	SAUL CENTERS INC.	$0	–	-9,547	–	-0.08%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-6,459	–	-0.09%	–
QQQ	Exit	POWERSHARES QQQ TR ETF SERIES 1	$0	–	-5,763	–	-0.09%	–
VEA	Exit	VANGUARD MSCI EAFE ETF	$0	–	-11,610	–	-0.09%	–
MAN	Exit	MANPOWER INC WISCONSIN	$0	–	-6,516	–	-0.09%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-5,444	–	-0.09%	–
	Exit	MASS INVESTMENT TRUST CLASS Amf	$0	–	-18,498	–	-0.09%	–
XEC	Exit	CIMAREX ENERGY CO.	$0	–	-5,000	–	-0.09%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-8,735	–	-0.10%	–
HD	Exit	HOME DEPOT	$0	–	-6,550	–	-0.10%	–
SJM	Exit	SMUCKER J.M. CO	$0	–	-5,037	–	-0.10%	–
	Exit	JAPAN FUNDmf	$0	–	-44,906	–	-0.11%	–
	Exit	WASHINGTON MUTUAL INVESTORS FUNDmf	$0	–	-16,323	–	-0.12%	–
BP	Exit	BP PLC SPONS ADR	$0	–	-15,130	–	-0.12%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DEL CLASS B	$0	–	-5,950	–	-0.13%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-18,348	–	-0.13%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-13,082	–	-0.13%	–
ZBH	Exit	ZIMMER HOLDINGS	$0	–	-8,580	–	-0.14%	–
TRV	Exit	THE TRAVELERS COS INC	$0	–	-8,439	–	-0.14%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-2,535	–	-0.15%	–
BMY	Exit	BRISTOL-MYERS SQUIBB COMPANY	$0	–	-17,092	–	-0.15%	–
BPL	Exit	BUCKEYE PARTNERS LP LTD PARTNERSHIP	$0	–	-12,100	–	-0.15%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET	$0	–	-9,226	–	-0.16%	–
CL	Exit	COLGATE-PALMOLIVE COMPANY	$0	–	-14,688	–	-0.17%	–
VOO	Exit	VANGUARD S&P ETF	$0	–	-12,185	–	-0.18%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-32,110	–	-0.20%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-34,079	–	-0.20%	–
SIAL	Exit	SIGMA ALDRICH CORP	$0	–	-12,600	–	-0.21%	–
BAC	Exit	BANK OF AMERICA	$0	–	-81,498	–	-0.22%	–
IBB	Exit	ISHARES NASDAQ BIOTECH INDEX FD	$0	–	-5,607	–	-0.23%	–
BEN	Exit	FRANKLIN RESOURCES INC	$0	–	-23,319	–	-0.23%	–
FRT	Exit	FEDERAL REALTY INV TR S B I	$0	–	-11,693	–	-0.23%	–
AMGN	Exit	AMGEN INC	$0	–	-10,760	–	-0.23%	–
VB	Exit	VANGUARD SMALL CAP ETF	$0	–	-12,230	–	-0.24%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-18,994	–	-0.24%	–
BA	Exit	BOEING	$0	–	-11,125	–	-0.25%	–
EMR	Exit	EMERSON ELECTRIC CO.	$0	–	-20,871	–	-0.26%	–
HSY	Exit	HERSHEY COMPANY	$0	–	-14,760	–	-0.26%	–
V	Exit	VISA INC CLASS A	$0	–	-7,410	–	-0.27%	–
WGL	Exit	WGL HLDGS INC	$0	–	-33,924	–	-0.28%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-30,532	–	-0.28%	–
VO	Exit	VANGUARD MID CAP ETF	$0	–	-14,330	–	-0.28%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-51,161	–	-0.28%	–
KO	Exit	COCA-COLA COMPANY	$0	–	-40,141	–	-0.29%	–
MAR	Exit	MARRIOTT INTERNATIONAL, NEW INC CL A	$0	–	-38,288	–	-0.31%	–
TGT	Exit	TARGET CORP	$0	–	-25,798	–	-0.32%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-20,765	–	-0.32%	–
DIS	Exit	WALT DISNEY COMPANY	$0	–	-26,127	–	-0.32%	–
MTB	Exit	M & T BANK CORP	$0	–	-15,050	–	-0.32%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-51,082	–	-0.34%	–
EFA	Exit	ISHARES MSCI EAFE INDEX	$0	–	-28,179	–	-0.35%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-12,747	–	-0.38%	–
WFM	Exit	WHOLE FOODS MARKET	$0	–	-34,075	–	-0.38%	–
VWO	Exit	VANGUARD EMERGING MARKETS ETF	$0	–	-51,385	–	-0.40%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-25,242	–	-0.40%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-22,319	–	-0.41%	–
ABBV	Exit	ABBVIE INC	$0	–	-50,807	–	-0.44%	–
AAPL	Exit	APPLE INC	$0	–	-5,015	–	-0.46%	–
D	Exit	DOMINION RESOURCES INC OF VA	$0	–	-39,353	–	-0.47%	–
WRI	Exit	WEINGARTEN REALTY INVS S B I	$0	–	-84,273	–	-0.48%	–
EMC	Exit	EMC CORP MASSACHUSETTS	$0	–	-97,400	–	-0.48%	–
MMM	Exit	3M CO.	$0	–	-21,454	–	-0.49%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-55,742	–	-0.50%	–
YUM	Exit	YUM BRANDS INC	$0	–	-37,503	–	-0.52%	–
WRE	Exit	WASH REAL ESTATE INV TRUST S B I	$0	–	-105,851	–	-0.52%	–
AXP	Exit	AMERICAN EXPRESS INC	$0	–	-35,958	–	-0.52%	–
INTC	Exit	INTEL CORP COM	$0	–	-119,271	–	-0.53%	–
MRK	Exit	MERCK & COMPANY INCORPORATED NEW	$0	–	-61,754	–	-0.57%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-90,176	–	-0.58%	–
MJN	Exit	MEAD JOHNSON NUTRITION	$0	–	-41,164	–	-0.59%	–
APA	Exit	APACHE CORP	$0	–	-36,736	–	-0.60%	–
PNY	Exit	PIEDMONT NATURAL GAS	$0	–	-96,289	–	-0.61%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DEL CLASS A	$0	–	-19	–	-0.62%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-142,214	–	-0.64%	–
WTR	Exit	AQUA AMERICA	$0	–	-139,426	–	-0.66%	–
FDX	Exit	FEDEX CORP	$0	–	-30,220	–	-0.66%	–
IWM	Exit	ISHARES RUSSELL 2000 IDX	$0	–	-34,333	–	-0.71%	–
JPM	Exit	JPMORGAN CHASE & CO.	$0	–	-74,441	–	-0.74%	–
T	Exit	AT&T CORP NEW	$0	–	-114,740	–	-0.75%	–
K	Exit	KELLOGG COMPANY	$0	–	-67,430	–	-0.76%	–
SO	Exit	SOUTHERN COMPANY (THE)	$0	–	-100,413	–	-0.80%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-70,913	–	-0.82%	–
BDX	Exit	BECTON DICKINSON	$0	–	-42,533	–	-0.82%	–
WAG	Exit	WALGREEN CO.	$0	–	-80,197	–	-0.83%	–
XRAY	Exit	DENTSPLY INTL INC	$0	–	-106,605	–	-0.89%	–
IWR	Exit	ISHARES RUSSELL MIDCAP INDEX	$0	–	-35,107	–	-0.94%	–
MCD	Exit	MC DONALD'S CORPORATION	$0	–	-52,006	–	-0.96%	–
CAT	Exit	CATERPILLAR INCORPORATED	$0	–	-64,619	–	-1.04%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE CORP	$0	–	-29,474	–	-1.05%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-164,633	–	-1.06%	–
WFC	Exit	WELLS FARGO & CO. NEW	$0	–	-136,793	–	-1.09%	–
ITW	Exit	ILLINOIS TOOL WORKS INC.	$0	–	-77,399	–	-1.14%	–
UTX	Exit	UNITED TECHNOLOGIES CORP COM	$0	–	-59,901	–	-1.25%	–
LOW	Exit	LOWES COS	$0	–	-142,170	–	-1.31%	–
TROW	Exit	T ROWE PRICE GROUP INC.	$0	–	-118,213	–	-1.64%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-108,401	–	-1.66%	–
CVX	Exit	CHEVRON CORP	$0	–	-74,781	–	-1.75%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-490,049	–	-2.26%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-142,933	–	-2.39%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-194,126	–	-2.83%	–
VGT	Exit	VANGUARD INFORMATION TECHNOLOGY VIPERS	$0	–	-208,765	–	-3.25%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-257,369	–	-4.27%	–
DD	Exit	DU PONT (E.I.) DE NEMOURS & CO	$0	–	-3,290,823	–	-37.18%	–

Q3 2013

			Value		Shares		↓ Weighting
DD	Buy	DU PONT (E.I.) DE NEMOURS & CO	$192,711,000	+11.6%	3,290,823	+0.1%	37.18%	+3.6%
XOM	Buy	EXXON MOBIL CORPORATION	$22,144,000	-3.2%	257,369	+1.7%	4.27%	-10.2%
VGT	Buy	VANGUARD INFORMATION TECHNOLOGY VIPERS	$16,847,000	+13.8%	208,765	+4.3%	3.25%	+5.6%
PG	Buy	PROCTER & GAMBLE COMPANY	$14,674,000	-1.8%	194,126	+0.1%	2.83%	-8.9%
JNJ	Buy	JOHNSON & JOHNSON	$12,391,000	+3.2%	142,933	+2.2%	2.39%	-4.2%
GE	Buy	GENERAL ELECTRIC COMPANY	$11,707,000	+5.1%	490,049	+2.1%	2.26%	-2.5%
CVX	Buy	CHEVRON CORP	$9,086,000	+4.1%	74,781	+1.4%	1.75%	-3.4%
PEP	Buy	PEPSICO INCORPORATED	$8,618,000	-2.0%	108,401	+0.8%	1.66%	-9.1%
TROW	Sell	T ROWE PRICE GROUP INC.	$8,503,000	-2.5%	118,213	-0.8%	1.64%	-9.5%
LOW	Sell	LOWES COS	$6,768,000	+16.2%	142,170	-0.2%	1.31%	+7.8%
UTX	Sell	UNITED TECHNOLOGIES CORP COM	$6,458,000	+15.8%	59,901	-0.1%	1.25%	+7.5%
ITW	Sell	ILLINOIS TOOL WORKS INC.	$5,903,000	+10.0%	77,399	-0.3%	1.14%	+2.1%
WFC	Buy	WELLS FARGO & CO. NEW	$5,653,000	+3.5%	136,793	+3.4%	1.09%	-4.0%
MSFT	Buy	MICROSOFT CORPORATION	$5,479,000	-2.5%	164,633	+1.3%	1.06%	-9.5%
IBM	Buy	INTERNATIONAL BUSINESS MACHINE CORP	$5,458,000	-1.7%	29,474	+1.5%	1.05%	-8.8%
CAT	Sell	CATERPILLAR INCORPORATED	$5,389,000	-3.5%	64,619	-4.6%	1.04%	-10.5%
MCD	Buy	MC DONALD'S CORPORATION	$5,003,000	+1.3%	52,006	+4.2%	0.96%	-6.0%
IWR	Sell	ISHARES RUSSELL MIDCAP INDEX	$4,882,000	+6.4%	35,107	-0.6%	0.94%	-1.3%
XRAY	Sell	DENTSPLY INTL INC	$4,628,000	+5.4%	106,605	-0.6%	0.89%	-2.2%
WAG	Sell	WALGREEN CO.	$4,315,000	+21.0%	80,197	-0.6%	0.83%	+12.3%
BDX	Buy	BECTON DICKINSON	$4,254,000	+3.4%	42,533	+2.2%	0.82%	-4.1%
CHD	Buy	CHURCH & DWIGHT CO INC	$4,258,000	+2.9%	70,913	+5.7%	0.82%	-4.6%
SO	Buy	SOUTHERN COMPANY (THE)	$4,135,000	-6.2%	100,413	+0.5%	0.80%	-13.0%
K	Buy	KELLOGG COMPANY	$3,960,000	-1.4%	67,430	+7.9%	0.76%	-8.5%
T	Buy	AT&T CORP NEW	$3,881,000	+3.9%	114,740	+8.7%	0.75%	-3.6%
JPM	Buy	JPMORGAN CHASE & CO.	$3,848,000	+6.2%	74,441	+8.4%	0.74%	-1.6%
IWM	Sell	ISHARES RUSSELL 2000 IDX	$3,660,000	+9.0%	34,333	-0.8%	0.71%	+1.1%
FDX	Sell	FEDEX CORP	$3,448,000	+13.0%	30,220	-2.4%	0.66%	+4.7%
WTR	Buy	AQUA AMERICA	$3,448,000	-1.0%	139,426	+25.2%	0.66%	-8.1%
CSCO	Sell	CISCO SYSTEMS INC	$3,333,000	-4.3%	142,214	-0.7%	0.64%	-11.2%
PNY	Buy	PIEDMONT NATURAL GAS	$3,166,000	-1.7%	96,289	+0.9%	0.61%	-8.8%
APA	Buy	APACHE CORP	$3,128,000	+4.1%	36,736	+2.4%	0.60%	-3.5%
MJN	Buy	MEAD JOHNSON NUTRITION	$3,057,000	+1.5%	41,164	+8.3%	0.59%	-5.8%
ABT	Buy	ABBOTT LABORATORIES	$2,993,000	+3.1%	90,176	+8.4%	0.58%	-4.3%
MRK	Buy	MERCK & COMPANY INCORPORATED NEW	$2,940,000	+13.0%	61,754	+10.3%	0.57%	+4.8%
INTC	Buy	INTEL CORP COM	$2,734,000	-3.7%	119,271	+1.8%	0.53%	-10.8%
AXP	Buy	AMERICAN EXPRESS INC	$2,716,000	+6.5%	35,958	+5.4%	0.52%	-1.1%
YUM	Buy	YUM BRANDS INC	$2,677,000	+7.1%	37,503	+4.0%	0.52%	-0.8%
WRE	Buy	WASH REAL ESTATE INV TRUST S B I	$2,675,000	-4.1%	105,851	+2.1%	0.52%	-11.0%
VZ	Buy	VERIZON COMMUNICATIONS	$2,602,000	-0.5%	55,742	+7.3%	0.50%	-7.7%
MMM	Buy	3M CO.	$2,562,000	+12.9%	21,454	+3.4%	0.49%	+4.7%
EMC	Sell	EMC CORP MASSACHUSETTS	$2,490,000	+7.9%	97,400	-0.2%	0.48%	0.0%
WRI	Buy	WEINGARTEN REALTY INVS S B I	$2,472,000	-2.7%	84,273	+2.1%	0.48%	-9.7%
D	Buy	DOMINION RESOURCES INC OF VA	$2,459,000	+12.7%	39,353	+2.5%	0.47%	+4.6%
AAPL	Buy	APPLE INC	$2,391,000	+44.4%	5,015	+20.1%	0.46%	+34.0%
ABBV	Sell	ABBVIE INC	$2,273,000	+0.1%	50,807	-7.5%	0.44%	-7.2%
KMB	Buy	KIMBERLY-CLARK CORP	$2,103,000	+0.6%	22,319	+3.7%	0.41%	-6.7%
HON	Buy	HONEYWELL INTERNATIONAL INC	$2,096,000	+11.7%	25,242	+6.8%	0.40%	+3.6%
VWO	Sell	VANGUARD EMERGING MARKETS ETF	$2,062,000	-7.4%	51,385	-10.5%	0.40%	-14.0%
WFM	Sell	WHOLE FOODS MARKET	$1,993,000	+12.5%	34,075	-1.0%	0.38%	+4.3%
UNP	Buy	UNION PACIFIC CORP	$1,980,000	+24.7%	12,747	+23.8%	0.38%	+15.8%
EFA	Sell	ISHARES MSCI EAFE INDEX	$1,798,000	+6.0%	28,179	-4.9%	0.35%	-1.7%
SE	Buy	SPECTRA ENERGY CORP	$1,749,000	+3.1%	51,082	+3.8%	0.34%	-4.5%
DIS	Buy	WALT DISNEY COMPANY	$1,685,000	+5.4%	26,127	+3.2%	0.32%	-2.1%
MTB	Sell	M & T BANK CORP	$1,684,000	-6.1%	15,050	-6.2%	0.32%	-12.9%
NEE	Sell	NEXTERA ENERGY	$1,665,000	-1.7%	20,765	-0.0%	0.32%	-8.8%
TGT	Buy	TARGET CORP	$1,651,000	-4.8%	25,798	+2.4%	0.32%	-11.9%
MAR	Sell	MARRIOTT INTERNATIONAL, NEW INC CL A	$1,610,000	+3.9%	38,288	-0.3%	0.31%	-3.4%
KO	Buy	COCA-COLA COMPANY	$1,521,000	+1.5%	40,141	+7.5%	0.29%	-5.8%
PFE	Buy	PFIZER INCORPORATED	$1,470,000	+48.5%	51,161	+44.7%	0.28%	+37.9%
VO	Buy	VANGUARD MID CAP ETF	$1,469,000	+62.5%	14,330	+50.8%	0.28%	+50.5%
GIS	Buy	GENERAL MILLS INC	$1,463,000	+8.3%	30,532	+9.7%	0.28%	+0.4%
WGL	Sell	WGL HLDGS INC	$1,449,000	-1.4%	33,924	-0.3%	0.28%	-8.5%
V	Buy	VISA INC CLASS A	$1,416,000	+67.4%	7,410	+60.1%	0.27%	+55.1%
EMR	Buy	EMERSON ELECTRIC CO.	$1,350,000	+29.1%	20,871	+8.9%	0.26%	+19.8%
DUK	Buy	DUKE ENERGY CORP	$1,268,000	+0.6%	18,994	+1.7%	0.24%	-6.5%
VB	Buy	VANGUARD SMALL CAP ETF	$1,253,000	+80.3%	12,230	+64.9%	0.24%	+66.9%
FRT	Buy	FEDERAL REALTY INV TR S B I	$1,186,000	+16.4%	11,693	+19.0%	0.23%	+8.0%
BEN	Buy	FRANKLIN RESOURCES INC	$1,179,000	+11.5%	23,319	+200.0%	0.23%	+3.2%
IBB	Sell	ISHARES NASDAQ BIOTECH INDEX FD	$1,175,000	+16.6%	5,607	-3.3%	0.23%	+8.1%
BAC	Buy	BANK OF AMERICA	$1,125,000	+8.6%	81,498	+1.1%	0.22%	+0.9%
BK	Buy	BANK OF NEW YORK MELLON CORP	$1,029,000	+12.8%	34,079	+4.8%	0.20%	+4.7%
SYY	Sell	SYSCO CORPORATION	$1,022,000	-21.9%	32,110	-16.1%	0.20%	-27.6%
CL	Sell	COLGATE-PALMOLIVE COMPANY	$871,000	+2.8%	14,688	-0.7%	0.17%	-4.5%
VTI	Buy	VANGUARD TOTAL STOCK MARKET	$809,000	+21.8%	9,226	+14.8%	0.16%	+13.0%
AMZN	Sell	AMAZON.COM INC	$793,000	+11.5%	2,535	-1.0%	0.15%	+3.4%
BMY	Buy	BRISTOL-MYERS SQUIBB COMPANY	$791,000	+4.2%	17,092	+0.6%	0.15%	-3.2%
ZBH	Buy	ZIMMER HOLDINGS	$705,000	+21.1%	8,580	+10.6%	0.14%	+12.4%
BRKB	Buy	BERKSHIRE HATHAWAY INC DEL CLASS B	$675,000	+74.9%	5,950	+72.5%	0.13%	+62.5%
ADM	Sell	ARCHER DANIELS MIDLAND CO	$676,000	-8.6%	18,348	-16.0%	0.13%	-15.6%
BP	Buy	BP PLC SPONS ADR	$636,000	+5.5%	15,130	+4.7%	0.12%	-1.6%
	Buy	WASHINGTON MUTUAL INVESTORS FUNDmf	$603,000	+4.7%	16,323	+0.4%	0.12%	-3.3%
HD	Buy	HOME DEPOT	$497,000	+54.3%	6,550	+57.8%	0.10%	+43.3%
CVS	Buy	CVS CAREMARK CORPORATION	$496,000	+6.7%	8,735	+7.4%	0.10%	-1.0%
	Buy	MASS INVESTMENT TRUST CLASS Amf	$475,000	+113.0%	18,498	+100.0%	0.09%	+100.0%
PM	Buy	PHILIP MORRIS INTERNATIONAL	$471,000	+2.6%	5,444	+2.7%	0.09%	-4.2%
VEA	Buy	VANGUARD MSCI EAFE ETF	$460,000	+38.6%	11,610	+24.4%	0.09%	+29.0%
MS	Sell	MORGAN STANLEY & CO	$439,000	+0.2%	16,288	-9.2%	0.08%	-6.6%
DFS	Sell	DISCOVER FINANCIAL SERVICES	$403,000	-3.8%	7,969	-9.4%	0.08%	-10.3%
UDR	Buy	UDR INC	$390,000	+1.8%	16,444	+9.3%	0.08%	-6.2%
GLW	Buy	CORNING INC.	$381,000	+22.1%	26,100	+19.2%	0.07%	+12.3%
PXD	New	PIONEER NAT RES CO	$368,000	–	1,950	–	0.07%	–
WY	Buy	WEYERHAEUSER CO	$365,000	+11.6%	12,764	+11.2%	0.07%	+2.9%
DOW	Sell	DOW CHEMICAL COMPANY (THE)	$353,000	+16.9%	9,200	-2.1%	0.07%	+7.9%
SLB	Buy	SCHLUMBERGER LIMITED	$346,000	+63.2%	3,913	+32.1%	0.07%	+52.3%
MSI	Sell	MOTOROLA SOLUTIONS, INC	$321,000	+2.6%	5,409	-0.2%	0.06%	-4.6%
ORCL	Buy	ORACLE CORP	$294,000	+41.3%	8,868	+31.0%	0.06%	+32.6%
HCP	Buy	HEALTH CARE PPTY INVS	$291,000	-9.9%	7,105	+0.0%	0.06%	-16.4%
	New	FEDERATED SHORT TERM MUNI TR INSTIT SVCmf	$280,000	–	27,196	–	0.05%	–
	Buy	TEMPLETON GLOBAL BOND FUND CL Amf	$273,000	+1.1%	21,056	+0.9%	0.05%	-5.4%
CMCSK	Buy	COMCAST CORP NEW SPECIAL CLASS A	$277,000	+20.4%	6,390	+10.4%	0.05%	+10.4%
LH	Buy	LABORATORY CORP OF AMERICA	$268,000	+11.2%	2,705	+12.5%	0.05%	+4.0%
GOOGL	New	GOOGLE CL A	$271,000	–	309	–	0.05%	–
HST	Buy	HOST HOTELS & RESORTS	$272,000	+53.7%	15,379	+46.6%	0.05%	+40.5%
DTE	Buy	DTE ENERGY	$223,000	-1.3%	3,382	+0.1%	0.04%	-8.5%
LMT	New	LOCKHEED MARTIN	$220,000	–	1,724	–	0.04%	–
CSX	New	C S X CORPORATION	$211,000	–	8,200	–	0.04%	–
HRL	New	HORMEL FOODS CORP	$211,000	–	5,000	–	0.04%	–
WPO	Sell	WASHINGTON POST CO CL B	$214,000	+6.5%	350	-15.9%	0.04%	-2.4%
EEM	New	ISHARES MSCI EMERGING MKTS INDEX FD	$201,000	–	4,920	–	0.04%	–
	New	PIMCO REAL RETURN BOND FD CL Cmf	$158,000	–	13,953	–	0.03%	–
DTEGY	New	DEUTSCHE TELEKOM AG ADR	$151,000	–	10,400	–	0.03%	–
RTN	New	RAYTHEON COMPANY NEW	$139,000	–	1,800	–	0.03%	–
	New	MANNING & NAPIER FD INTERNATIONAL SERIESmf	$104,000	–	10,706	–	0.02%	–
	New	MATTHEWS INTL FDS CHINA CLASS Imf	$97,000	–	4,091	–	0.02%	–
	Buy	MATTHEWS INTL FDS KOREA FD CL Imf	$92,000	+13.6%	15,844	+0.0%	0.02%	+5.9%
	Buy	FRANKLIN INCOME FUNDmf	$75,000	+4.2%	31,762	+1.2%	0.01%	-6.7%
RNP	New	COHEN & STEERS REIT AND PFD INCOME FUND	$40,000	–	2,550	–	0.01%	–
RYN	New	RAYONIER INC	$36,000	–	639	–	0.01%	–
MPET	Buy	MAGELLAN PETROLEUM CORP	$31,000	+14.8%	30,743	+16.3%	0.01%	0.0%
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-80	–	-0.00%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-280	–	-0.00%	–
	Exit	FED EQ FDS KAUFMAN FD CL Amf	$0	–	-4,746	–	-0.01%	–
COST	Exit	COSTCO CO INC	$0	–	-288	–	-0.01%	–
VAC	Exit	MARRIOTT VACATIONS WW CORP	$0	–	-3,690	–	-0.03%	–

Q2 2013

			Value		Shares		↓ Weighting
DD	New	DU PONT (E.I.) DE NEMOURS & CO	$172,654,000	–	3,288,647	–	35.90%	–
XOM	New	EXXON MOBIL CORPORATION	$22,872,000	–	253,143	–	4.76%	–
PG	New	PROCTER & GAMBLE COMPANY	$14,937,000	–	194,013	–	3.11%	–
VGT	New	VANGUARD INFO TECHN VIPERS	$14,806,000	–	200,135	–	3.08%	–
JNJ	New	JOHNSON & JOHNSON	$12,002,000	–	139,791	–	2.50%	–
GE	New	GENERAL ELECTRIC COMPANY	$11,135,000	–	480,144	–	2.32%	–
PEP	New	PEPSICO INCORPORATED	$8,797,000	–	107,557	–	1.83%	–
CVX	New	CHEVRON CORP	$8,730,000	–	73,766	–	1.82%	–
TROW	New	T ROWE PRICE GROUP INC.	$8,720,000	–	119,133	–	1.81%	–
LOW	New	LOWES COS	$5,826,000	–	142,445	–	1.21%	–
MSFT	New	MICROSOFT CORPORATION	$5,617,000	–	162,588	–	1.17%	–
CAT	New	CATERPILLAR INCORPORATED	$5,587,000	–	67,729	–	1.16%	–
UTX	New	UNITED TECH CORP COM	$5,575,000	–	59,976	–	1.16%	–
IBM	New	INT BUSINESS MACHINE	$5,551,000	–	29,047	–	1.15%	–
WFC	New	WELLS FARGO & CO. NEW	$5,461,000	–	132,308	–	1.14%	–
ITW	New	ILLINOIS TOOL WORKS INC.	$5,368,000	–	77,604	–	1.12%	–
MCD	New	MC DONALD'S CORPORATION	$4,941,000	–	49,910	–	1.03%	–
IWR	New	ISHARES RUSSELL MIDCAP INDEX	$4,589,000	–	35,332	–	0.95%	–
SO	New	SOUTHERN COMPANY (THE)	$4,409,000	–	99,910	–	0.92%	–
XRAY	New	DENTSPLY INTL INC	$4,392,000	–	107,230	–	0.91%	–
CHD	New	CHURCH & DWIGHT CO INC	$4,140,000	–	67,098	–	0.86%	–
BDX	New	BECTON DICKINSON	$4,115,000	–	41,633	–	0.86%	–
K	New	KELLOGG COMPANY	$4,015,000	–	62,515	–	0.84%	–
T	New	AT&T CORP NEW	$3,737,000	–	105,573	–	0.78%	–
JPM	New	JPMORGAN CHASE & CO.	$3,625,000	–	68,676	–	0.75%	–
WAG	New	WALGREEN CO.	$3,565,000	–	80,647	–	0.74%	–
CSCO	New	CISCO SYSTEMS INC	$3,484,000	–	143,189	–	0.72%	–
WTR	New	AQUA AMERICA	$3,483,000	–	111,330	–	0.72%	–
IWM	New	ISHARES RUSSELL 2000 IDX	$3,357,000	–	34,613	–	0.70%	–
PNY	New	PIEDMONT NATURAL GAS	$3,220,000	–	95,432	–	0.67%	–
BRKA	New	BERKSHIRE HATHAWAY INC CL A	$3,203,000	–	19	–	0.67%	–
FDX	New	FEDEX CORP	$3,052,000	–	30,960	–	0.64%	–
MJN	New	MEAD JOHNSON NUTRITION	$3,011,000	–	38,000	–	0.63%	–
APA	New	APACHE CORP	$3,006,000	–	35,866	–	0.62%	–
ABT	New	ABBOTT LABORATORIES	$2,902,000	–	83,185	–	0.60%	–
INTC	New	INTEL CORP COM	$2,840,000	–	117,206	–	0.59%	–
WRE	New	WASH REAL ESTATE INV TRUST S B I	$2,789,000	–	103,646	–	0.58%	–
VZ	New	VERIZON COMMUNICATIONS	$2,616,000	–	51,962	–	0.54%	–
MRK	New	MERCK & COMPANY INC NEW	$2,601,000	–	55,994	–	0.54%	–
AXP	New	AMERICAN EXPRESS INC	$2,551,000	–	34,118	–	0.53%	–
WRI	New	WEINGARTEN REALTY INVS S B I	$2,540,000	–	82,539	–	0.53%	–
YUM	New	YUM BRANDS INC	$2,500,000	–	36,050	–	0.52%	–
EMC	New	EMC CORP MASSACHUSETTS	$2,307,000	–	97,640	–	0.48%	–
MMM	New	3M CO.	$2,269,000	–	20,754	–	0.47%	–
ABBV	New	ABBVIE INC	$2,270,000	–	54,902	–	0.47%	–
VWO	New	VANGUARD EMERGING MKTS ETF	$2,227,000	–	57,410	–	0.46%	–
D	New	DOMINION RESOURCES INC OF VA	$2,181,000	–	38,379	–	0.45%	–
KMB	New	KIMBERLY-CLARK CORP	$2,090,000	–	21,519	–	0.44%	–
HON	New	HONEYWELL INTERNATIONAL INC	$1,876,000	–	23,642	–	0.39%	–
MTB	New	M & T BANK CORP	$1,794,000	–	16,050	–	0.37%	–
WFM	New	WHOLE FOODS MARKET	$1,772,000	–	34,425	–	0.37%	–
TGT	New	TARGET CORP	$1,735,000	–	25,193	–	0.36%	–
EFA	New	ISHARES MSCI EAFE INDEX	$1,697,000	–	29,619	–	0.35%	–
SE	New	SPECTRA ENERGY CORP	$1,696,000	–	49,205	–	0.35%	–
NEE	New	NEXTERA ENERGY	$1,693,000	–	20,775	–	0.35%	–
AAPL	New	APPLE INC	$1,656,000	–	4,175	–	0.34%	–
DIS	New	WALT DISNEY COMPANY	$1,599,000	–	25,327	–	0.33%	–
UNP	New	UNION PACIFIC CORP	$1,588,000	–	10,295	–	0.33%	–
MAR	New	MARRIOTT INT, NEW INC CL A	$1,550,000	–	38,388	–	0.32%	–
KO	New	COCA-COLA COMPANY	$1,498,000	–	37,341	–	0.31%	–
WGL	New	WGL HLDGS INC	$1,470,000	–	34,019	–	0.31%	–
GIS	New	GENERAL MILLS INC	$1,351,000	–	27,832	–	0.28%	–
HSY	New	HERSHEY COMPANY	$1,318,000	–	14,760	–	0.27%	–
SYY	New	SYSCO CORPORATION	$1,308,000	–	38,278	–	0.27%	–
DUK	New	DUKE ENERGY CORP	$1,260,000	–	18,680	–	0.26%	–
BA	New	BOEING	$1,140,000	–	11,125	–	0.24%	–
AMGN	New	AMGEN INC	$1,061,000	–	10,760	–	0.22%	–
BEN	New	FRANKLIN RESOURCES INC	$1,057,000	–	7,773	–	0.22%	–
EMR	New	EMERSON ELECTRIC CO.	$1,046,000	–	19,171	–	0.22%	–
BAC	New	BANK OF AMERICA	$1,036,000	–	80,583	–	0.22%	–
FRT	New	FEDERAL REALTY INV TR S B I	$1,019,000	–	9,826	–	0.21%	–
SIAL	New	SIGMA ALDRICH CORP	$1,013,000	–	12,600	–	0.21%	–
IBB	New	ISHARES NASDAQ BIOTECH INDEX FD	$1,008,000	–	5,797	–	0.21%	–
PFE	New	PFIZER INCORPORATED	$990,000	–	35,360	–	0.21%	–
BK	New	BANK OF NEW YORK MELLON CORP	$912,000	–	32,516	–	0.19%	–
VO	New	VANGUARD MID CAP ETF	$904,000	–	9,500	–	0.19%	–
VOO	New	VANGUARD S&P ETF	$894,000	–	12,185	–	0.19%	–
BPL	New	BUCKEYE PARTNERS LP	$849,000	–	12,100	–	0.18%	–
CL	New	COLGATE-PALMOLIVE COMPANY	$847,000	–	14,788	–	0.18%	–
V	New	VISA INC CLASS A	$846,000	–	4,629	–	0.18%	–
BMY	New	BRISTOL-MYERS SQUIBB COMPANY	$759,000	–	16,992	–	0.16%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$740,000	–	21,848	–	0.15%	–
AMZN	New	AMAZON.COM INC	$711,000	–	2,560	–	0.15%	–
VB	New	VANGUARD SMALL CAP ETF	$695,000	–	7,415	–	0.14%	–
TRV	New	THE TRAVELERS COS INC	$674,000	–	8,439	–	0.14%	–
VTI	New	VANGUARD TOTAL STOCK MARKET	$664,000	–	8,035	–	0.14%	–
BP	New	BP PLC SPONS ADR	$603,000	–	14,455	–	0.12%	–
ADBE	New	ADOBE SYSTEMS INC	$596,000	–	13,082	–	0.12%	–
ZBH	New	ZIMMER HOLDINGS	$582,000	–	7,755	–	0.12%	–
	New	WASHINGTON MUTUAL INV FUNDmf	$576,000	–	16,250	–	0.12%	–
SJM	New	SMUCKER J.M. CO	$520,000	–	5,037	–	0.11%	–
	New	JAPAN FUNDmf	$513,000	–	44,906	–	0.11%	–
CVS	New	CVS CAREMARK CORPORATION	$465,000	–	8,135	–	0.10%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$459,000	–	5,300	–	0.10%	–
MS	New	MORGAN STANLEY & CO	$438,000	–	17,938	–	0.09%	–
BFS	New	SAUL CENTERS INC.	$425,000	–	9,547	–	0.09%	–
DFS	New	DISCOVER FINANCIAL SERVICES	$419,000	–	8,794	–	0.09%	–
QQQ	New	POWERSHARES QQQ TR ETF SER 1	$411,000	–	5,763	–	0.08%	–
ALL	New	ALLSTATE CORPORATION	$411,000	–	8,545	–	0.08%	–
COP	New	CONOCOPHILLIPS	$391,000	–	6,459	–	0.08%	–
	New	INVESCO GLOBAL CORE EQ FD CL Amf	$391,000	–	28,856	–	0.08%	–
BRKB	New	BERKSHIRE HATHAWAY INC CL B	$386,000	–	3,450	–	0.08%	–
UDR	New	UDR INC	$383,000	–	15,038	–	0.08%	–
INTU	New	INTUIT INC	$354,000	–	5,800	–	0.07%	–
MAN	New	MANPOWER INC WISCONSIN	$357,000	–	6,516	–	0.07%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$351,000	–	4,813	–	0.07%	–
VEA	New	VANGUARD MSCI EAFE ETF	$332,000	–	9,335	–	0.07%	–
HPQ	New	HEWLETT-PACKARD COMPANY	$326,000	–	13,149	–	0.07%	–
WY	New	WEYERHAEUSER CO	$327,000	–	11,476	–	0.07%	–
XEC	New	CIMAREX ENERGY CO.	$325,000	–	5,000	–	0.07%	–
HCP	New	HEALTH CARE PPTY INVS	$323,000	–	7,103	–	0.07%	–
HD	New	HOME DEPOT	$322,000	–	4,150	–	0.07%	–
GLW	New	CORNING INC.	$312,000	–	21,900	–	0.06%	–
MSI	New	MOTOROLA SOLUTIONS, INC	$313,000	–	5,421	–	0.06%	–
NMY	New	NUVEEN MD PREM INC MUNI FUNDmf	$309,000	–	23,025	–	0.06%	–
DOW	New	DOW CHEMICAL COMPANY (THE)	$302,000	–	9,400	–	0.06%	–
	New	EATON VANCE NAT LIM MAT TF FD	$278,000	–	29,752	–	0.06%	–
AMP	New	AMERIPRISE FINANCIAL	$277,000	–	3,424	–	0.06%	–
PEG	New	PUBLIC SERVICE ENT GROUP INC	$273,000	–	8,350	–	0.06%	–
VMC	New	VULCAN MATERIALS CO	$271,000	–	5,600	–	0.06%	–
AES	New	THE A E S CORP DELAWARE	$269,000	–	22,494	–	0.06%	–
	New	TEMPLETON GLOBAL BOND FD CL Amf	$270,000	–	20,863	–	0.06%	–
IFF	New	INT FLAVORS & FRAGRANCES	$263,000	–	3,500	–	0.06%	–
PX	New	PRAXAIR INC	$264,000	–	2,296	–	0.06%	–
WMT	New	WAL-MART STORES INC	$253,000	–	3,400	–	0.05%	–
HOG	New	HARLEY DAVIDSON INC	$252,000	–	4,600	–	0.05%	–
TXN	New	TEXAS INSTRUMENTS	$244,000	–	7,000	–	0.05%	–
SLM	New	SLM CORP	$242,000	–	10,584	–	0.05%	–
LH	New	LABORATORY CORP OF AMERICA	$241,000	–	2,405	–	0.05%	–
NFG	New	NATIONAL FUEL GAS CO	$230,000	–	3,968	–	0.05%	–
CMCSK	New	COMCAST CORP NEW SPECIAL CL A	$230,000	–	5,790	–	0.05%	–
DTE	New	DTE ENERGY	$226,000	–	3,378	–	0.05%	–
	New	MASS INVESTMENT TRUST CLASS Amf	$223,000	–	9,249	–	0.05%	–
IP	New	INTERNATIONAL PAPER CO	$210,000	–	4,743	–	0.04%	–
SLB	New	SCHLUMBERGER LIMITED	$212,000	–	2,963	–	0.04%	–
	New	PERMANENT PORTFOLIO FDmf	$209,000	–	4,647	–	0.04%	–
ORCL	New	ORACLE CORP	$208,000	–	6,768	–	0.04%	–
WPO	New	WASHINGTON POST CO CL B	$201,000	–	416	–	0.04%	–
NIO	New	NUVEEN INS MUNICIPAL OPP FDmf	$190,000	–	13,600	–	0.04%	–
NSRGY	New	NESTLE SA REG ADR	$182,000	–	2,769	–	0.04%	–
NQU	New	NUVEEN QUALITY INC MUNI FUNDmf	$185,000	–	13,700	–	0.04%	–
HST	New	HOST HOTELS & RESORTS	$177,000	–	10,489	–	0.04%	–
VAC	New	MARRIOTT VACATIONS WW CORP	$160,000	–	3,690	–	0.03%	–
AA	New	ALCOA INC	$148,000	–	18,900	–	0.03%	–
PMO	New	PUTNAM MUNI OPP TR SBImf	$141,000	–	12,262	–	0.03%	–
KEY	New	KEYCORP	$139,000	–	12,600	–	0.03%	–
NQI	New	NUVEEN INSD QUAL MUN FUND INCmf	$138,000	–	10,600	–	0.03%	–
	New	FRANKLIN VA TAX FREE INC FD CL Amf	$135,000	–	11,620	–	0.03%	–
	New	HIGHLAND FDS I FLTG RATE OPP FDmf	$113,000	–	14,505	–	0.02%	–
	New	MATTHEWS INTL FDS KOREA FD CL Imf	$81,000	–	15,843	–	0.02%	–
	New	FRANKLIN INCOME FUNDmf	$72,000	–	31,373	–	0.02%	–
COST	New	COSTCO CO INC	$32,000	–	288	–	0.01%	–
	New	FED EQ FDS KAUFMAN FD CL Amf	$27,000	–	4,746	–	0.01%	–
MPET	New	MAGELLAN PETROLEUM CORP	$27,000	–	26,438	–	0.01%	–
GILD	New	GILEAD SCIENCES INC	$14,000	–	280	–	0.00%	–
APC	New	ANADARKO PETROLEUM CORP	$7,000	–	80	–	0.00%	–
COCBF	New	COASTAL CARIBBEAN OILS & MIN LTD	$1,000	–	69,910	–	0.00%	–

Compare quarters

Export FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC's holdings