SECURITY ASSET MANAGEMENT Activity Q4 1999-Q1 2023

Q1 2023

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$18,571,769	+25.5%	112,624	-1.1%	10.86%	+32.3%
JPM	Sell	JPMORGAN CHASE & CO	$7,289,057	-11.7%	55,936	-9.1%	4.26%	-6.9%
DHR	Sell	DANAHER CORPORATION	$6,853,913	-19.6%	27,194	-15.4%	4.01%	-15.3%
MSFT	Sell	MICROSOFT CORP	$5,946,642	+12.6%	20,627	-6.3%	3.48%	+18.7%
MA	Sell	MASTERCARD INCORPORATEDcl a	$5,647,698	-16.3%	15,541	-19.9%	3.30%	-11.8%
ROP	Sell	ROPER TECHNOLOGIES INC	$5,211,839	-10.4%	11,827	-12.1%	3.05%	-5.5%
BLK	Sell	BLACKROCK INC	$4,929,057	-17.1%	7,366	-12.2%	2.88%	-12.6%
AMZN	Sell	AMAZON COM INC	$4,731,198	+10.4%	45,805	-10.2%	2.77%	+16.4%
GOOG	Sell	ALPHABET INCcap stk cl c	$4,677,920	-1.6%	44,980	-16.1%	2.74%	+3.8%
DOV	Sell	DOVER CORP	$4,070,433	-12.8%	26,790	-22.3%	2.38%	-8.1%
CME	Sell	CME GROUP INC	$4,068,164	-7.5%	21,241	-18.8%	2.38%	-2.5%
WST	Sell	WEST PHARMACEUTICAL SVSC INC	$4,042,857	+18.5%	11,669	-19.5%	2.36%	+24.9%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$3,989,926	-10.9%	12,922	-10.8%	2.33%	-6.0%
GOOGL	Sell	ALPHABET INCcap stk cl a	$3,792,369	+10.8%	36,560	-5.8%	2.22%	+16.8%
MKL	Sell	MARKEL CORP	$3,650,838	-4.4%	2,858	-1.4%	2.14%	+0.8%
MSCI	Sell	MSCI INC	$3,592,316	-1.5%	6,418	-18.1%	2.10%	+3.9%
JNJ	Buy	JOHNSON & JOHNSON	$3,513,823	-10.5%	22,670	+2.1%	2.06%	-5.6%
V	Sell	VISA INC	$3,482,455	-15.4%	15,446	-22.1%	2.04%	-10.9%
AMT	Sell	AMERICAN TOWER CORP NEW	$3,473,202	-21.7%	16,997	-18.8%	2.03%	-17.5%
ZTS	Sell	ZOETIS INCcl a	$3,439,599	-8.3%	20,666	-19.3%	2.01%	-3.3%
HEI	Sell	HEICO CORP NEW	$3,173,852	-5.7%	18,556	-15.3%	1.86%	-0.5%
AME	Sell	AMETEK INC	$3,140,581	-23.2%	21,610	-26.2%	1.84%	-19.1%
IDXX	Sell	IDEXX LABS INC	$3,089,494	-14.1%	6,178	-29.9%	1.81%	-9.5%
CPRT	Sell	COPART INC	$2,907,769	-0.3%	38,662	-19.3%	1.70%	+5.1%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$2,856,919	-31.4%	19,502	-28.6%	1.67%	-27.7%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$2,835,765	-12.3%	4,920	-16.2%	1.66%	-7.6%
ABBV	Buy	ABBVIE INC	$2,429,118	-1.2%	15,242	+0.2%	1.42%	+4.2%
PAYC	Sell	PAYCOM SOFTWARE INC	$2,409,279	-20.9%	7,925	-19.3%	1.41%	-16.6%
ECL	Sell	ECOLAB INC	$2,397,205	-16.1%	14,482	-26.2%	1.40%	-11.5%
TYL	Sell	TYLER TECHNOLOGIES INC	$2,337,432	-20.0%	6,591	-27.3%	1.37%	-15.7%
HD	Sell	HOME DEPOT INC	$2,256,488	-16.0%	7,646	-10.1%	1.32%	-11.5%
TDY	Sell	TELEDYNE TECHNOLOGIES INC	$2,245,747	-12.0%	5,020	-21.4%	1.31%	-7.3%
ABT	Sell	ABBOTT LABS	$2,120,384	-13.6%	20,940	-6.3%	1.24%	-8.9%
TW	Buy	TRADEWEB MKTS INCcl a	$1,875,808	+348.8%	23,738	+268.8%	1.10%	+372.8%
VEEV	Sell	VEEVA SYS INC	$1,766,222	-6.6%	9,610	-18.0%	1.03%	-1.5%
BND	New	VANGUARD BD INDEX FDStotal bnd mrkt	$1,642,718	–	22,250	–	0.96%	–
BX	Sell	BLACKSTONE INC	$1,568,393	-16.4%	17,855	-29.4%	0.92%	-11.8%
INTU	Sell	INTUIT	$1,380,367	-22.5%	3,096	-32.3%	0.81%	-18.2%
XOM	Buy	EXXON MOBIL CORP	$1,302,213	+12.0%	11,875	+12.6%	0.76%	+18.1%
IBDP	New	ISHARES TRibonds dec24 etf	$1,287,287	–	52,350	–	0.75%	–
IBDO	New	ISHARES TRibonds dec23 etf	$1,241,867	–	49,300	–	0.73%	–
CDNS	Buy	CADENCE DESIGN SYSTEM INC	$1,238,691	+51.6%	5,896	+15.9%	0.72%	+60.0%
NVDA	Sell	NVIDIA CORPORATION	$1,177,756	+14.8%	4,240	-39.6%	0.69%	+21.1%
PG	Sell	PROCTER AND GAMBLE CO	$1,082,471	-23.1%	7,280	-21.7%	0.63%	-19.1%
MRK	Sell	MERCK & CO INC	$943,092	-30.0%	8,864	-27.0%	0.55%	-26.2%
CVX	Buy	CHEVRON CORP NEW	$929,523	+10.0%	5,697	+21.1%	0.54%	+16.0%
ISRG	Buy	INTUITIVE SURGICAL INC	$900,532	+1.6%	3,525	+5.5%	0.53%	+7.1%
BIGZ	New	BLACKROCK INNOVATION AND GRW	$861,907	–	107,336	–	0.50%	–
PFE	Sell	PFIZER INC	$729,382	-26.3%	17,877	-7.5%	0.43%	-22.2%
AMGN	Sell	AMGEN INC	$725,215	-9.0%	3,000	-1.2%	0.42%	-4.1%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$639,731	+15.9%	9,230	+20.3%	0.37%	+22.2%
COST	Sell	COSTCO WHSL CORP NEW	$625,559	-46.5%	1,259	-50.8%	0.37%	-43.5%
IEI	New	ISHARES TR3 7 yr treas bd	$617,663	–	5,250	–	0.36%	–
VMBS	New	VANGUARD SCOTTSDALE FDSmtg-bkd secs etf	$600,495	–	12,900	–	0.35%	–
IEF	New	ISHARES TR7-10 yr trsy bd	$579,852	–	5,850	–	0.34%	–
BKNG	Buy	BOOKING HOLDINGS INC	$564,963	+86.9%	213	+42.0%	0.33%	+97.0%
TGT	Sell	TARGET CORP	$507,822	-8.4%	3,066	-17.6%	0.30%	-3.6%
	New	LINDE PLC	$442,167	–	1,244	–	0.26%	–
VZ	Sell	VERIZON COMMUNICATIONS INC	$438,018	-3.7%	11,263	-2.5%	0.26%	+1.6%
ADX	New	ADAMS DIVERSIFIED EQUITY FD	$422,478	–	27,169	–	0.25%	–
GS	Buy	GOLDMAN SACHS GROUP INC	$378,577	+6.3%	1,157	+11.6%	0.22%	+11.6%
CSCO	Buy	CISCO SYS INC	$333,300	+9.8%	6,376	+0.1%	0.20%	+16.1%
HON	Buy	HONEYWELL INTL INC	$326,189	-10.7%	1,707	+0.1%	0.19%	-5.9%
PM	Buy	PHILIP MORRIS INTL INC	$318,883	+29.8%	3,279	+35.1%	0.19%	+37.5%
SBAC	Buy	SBA COMMUNICATIONS CORP NEWcl a	$283,203	+5.0%	1,085	+12.8%	0.17%	+10.7%
UL	New	UNILEVER PLCspon adr new	$208,655	–	4,018	–	0.12%	–
EMR	Sell	EMERSON ELEC CO	$209,136	-24.9%	2,400	-17.2%	0.12%	-21.3%
PEP	Exit	PEPSICO INC	$0	–	-1,581	–	-0.16%	–
BAC	Exit	BANK AMERICA CORP	$0	–	-8,952	–	-0.16%	–
LIN	Exit	LINDE PLC	$0	–	-1,244	–	-0.22%	–
ILMN	Exit	ILLUMINA INC	$0	–	-4,350	–	-0.49%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-9,800	–	-0.66%	–
STE	Exit	STERIS PLC	$0	–	-8,161	–	-0.84%	–
EQIX	Exit	EQUINIX INC	$0	–	-4,786	–	-1.74%	–

Q4 2022

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$14,803,026	-6.5%	113,931	-0.5%	8.22%	-13.5%
DHR	Sell	DANAHER CORPORATION	$8,528,076	+2.0%	32,130	-0.7%	4.73%	-5.6%
JPM	Buy	JPMORGAN CHASE & CO	$8,255,401	+32.9%	61,562	+3.6%	4.58%	+22.9%
MA	Buy	MASTERCARD INCORPORATEDcl a	$6,746,827	+22.7%	19,402	+0.4%	3.74%	+13.5%
BLK	Sell	BLACKROCK INC	$5,943,574	+28.2%	8,387	-0.4%	3.30%	+18.6%
ROP	Sell	ROPER TECHNOLOGIES INC	$5,816,973	+19.3%	13,462	-0.7%	3.23%	+10.4%
MSFT	Sell	MICROSOFT CORP	$5,281,254	-0.4%	22,022	-3.3%	2.93%	-7.9%
GOOG	Buy	ALPHABET INCcap stk cl c	$4,754,137	-7.6%	53,580	+0.1%	2.64%	-14.6%
DOV	Buy	DOVER CORP	$4,670,116	+16.9%	34,489	+0.7%	2.59%	+8.2%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$4,475,961	+16.2%	14,490	+0.5%	2.48%	+7.5%
CME	Buy	CME GROUP INC	$4,399,142	-4.1%	26,160	+1.0%	2.44%	-11.3%
AMZN	Buy	AMAZON COM INC	$4,284,000	-22.6%	51,000	+4.1%	2.38%	-28.4%
AWK	Buy	AMERICAN WTR WKS CO INC NEW	$4,164,317	+17.1%	27,321	+0.0%	2.31%	+8.3%
AME	Sell	AMETEK INC	$4,091,002	+22.2%	29,280	-0.8%	2.27%	+13.0%
JNJ	Buy	JOHNSON & JOHNSON	$3,924,118	+9.4%	22,214	+1.1%	2.18%	+1.2%
ZTS	Buy	ZOETIS INCcl a	$3,750,636	-1.2%	25,593	+0.0%	2.08%	-8.6%
MSCI	Buy	MSCI INC	$3,645,452	+10.3%	7,837	+0.0%	2.02%	+2.0%
IDXX	Sell	IDEXX LABS INC	$3,597,391	+24.5%	8,818	-0.6%	2.00%	+15.2%
HEI	Sell	HEICO CORP NEW	$3,363,994	+4.0%	21,895	-2.6%	1.87%	-3.8%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$3,234,220	+8.9%	5,873	+0.3%	1.80%	+0.7%
EQIX	Sell	EQUINIX INC	$3,135,272	+12.5%	4,786	-2.3%	1.74%	+4.0%
PAYC	Sell	PAYCOM SOFTWARE INC	$3,047,244	-6.2%	9,820	-0.3%	1.69%	-13.3%
TYL	Buy	TYLER TECHNOLOGIES INC	$2,921,035	-6.4%	9,060	+0.8%	1.62%	-13.5%
CPRT	Buy	COPART INC	$2,917,362	+13.3%	47,912	+98.1%	1.62%	+4.9%
HD	Buy	HOME DEPOT INC	$2,686,074	+91.9%	8,504	+67.6%	1.49%	+77.5%
ABBV	Buy	ABBVIE INC	$2,457,765	+22.2%	15,208	+1.5%	1.36%	+13.0%
VEEV	Sell	VEEVA SYS INC	$1,890,567	-4.6%	11,715	-2.5%	1.05%	-11.7%
BX	Sell	BLACKSTONE INC	$1,876,152	-13.1%	25,288	-1.9%	1.04%	-19.6%
INTU	Sell	INTUIT	$1,781,102	-0.6%	4,576	-1.1%	0.99%	-8.1%
STE	Sell	STERIS PLC	$1,507,255	-23.7%	8,161	-31.3%	0.84%	-29.5%
PG	Buy	PROCTER AND GAMBLE CO	$1,408,460	+21.7%	9,293	+1.4%	0.78%	+12.7%
MRK	Buy	MERCK & CO INC	$1,347,841	+33.3%	12,148	+3.5%	0.75%	+23.2%
FRC	Sell	FIRST REP BK SAN FRANCISCO C	$1,194,514	-10.4%	9,800	-4.0%	0.66%	-17.1%
COST	New	COSTCO WHSL CORP NEW	$1,168,184	–	2,559	–	0.65%	–
XOM	Buy	EXXON MOBIL CORP	$1,162,883	+54.6%	10,543	+22.4%	0.64%	+43.0%
NVDA	Buy	NVIDIA CORPORATION	$1,025,907	+239.7%	7,020	+182.5%	0.57%	+214.4%
PFE	Sell	PFIZER INC	$990,162	+9.5%	19,324	-6.5%	0.55%	+1.3%
ILMN	Sell	ILLUMINA INC	$879,570	-24.9%	4,350	-29.1%	0.49%	-30.6%
CDNS	Sell	CADENCE DESIGN SYSTEM INC	$817,015	-3.3%	5,086	-1.6%	0.45%	-10.7%
AMGN	Buy	AMGEN INC	$796,985	+16.5%	3,035	+0.1%	0.44%	+7.8%
TGT	Buy	TARGET CORP	$554,280	+7.6%	3,719	+7.1%	0.31%	-0.3%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$552,000	-3.2%	7,672	-4.4%	0.31%	-10.5%
NVS	Sell	NOVARTIS AGsponsored adr	$475,191	+14.5%	5,238	-4.1%	0.26%	+6.0%
MDT	Buy	MEDTRONIC PLC	$472,068	+9.5%	6,613	+23.8%	0.26%	+1.2%
VZ	Buy	VERIZON COMMUNICATIONS INC	$454,991	+44.9%	11,548	+39.6%	0.25%	+34.0%
TW	Sell	TRADEWEB MKTS INCcl a	$417,954	+3.7%	6,437	-9.8%	0.23%	-4.1%
LIN	New	LINDE PLC	$405,768	–	1,244	–	0.22%	–
KO	Buy	COCA COLA CO	$367,475	+81.9%	5,777	+60.6%	0.20%	+68.6%
HON	Buy	HONEYWELL INTL INC	$365,477	+38.4%	1,705	+7.7%	0.20%	+28.5%
GS	Buy	GOLDMAN SACHS GROUP INC	$356,102	+25.8%	1,037	+7.3%	0.20%	+16.5%
CSCO	Buy	CISCO SYS INC	$303,511	+19.0%	6,371	+0.1%	0.17%	+9.8%
BAC	Buy	BANK AMERICA CORP	$296,481	+9.8%	8,952	+0.2%	0.16%	+1.9%
TROW	New	PRICE T ROWE GROUP INC	$244,518	–	2,240	–	0.14%	–
NFLX	Exit	Netflix, Inc	$0	–	-1,280	–	-0.18%	–
TFX	Exit	Teleflex Incorporated	$0	–	-2,000	–	-0.24%	–
TER	Exit	Teradyne	$0	–	-6,921	–	-0.31%	–

Q3 2022

			Value		Shares		↓ Weighting
AAPL	Sell	Apple Computer Inc	$15,830,000	-1.1%	114,545	-2.2%	9.50%	+8.1%
DHR	Buy	Danaher Corp	$8,357,000	+2.1%	32,354	+0.2%	5.01%	+11.6%
JPM	Sell	JP Morgan Chase	$6,211,000	-7.7%	59,436	-0.5%	3.73%	+0.9%
AMZN	Sell	Amazon.Com	$5,537,000	+6.1%	49,003	-0.3%	3.32%	+16.0%
MA	Sell	Mastercard Inc.cl a	$5,498,000	-10.2%	19,334	-0.4%	3.30%	-1.8%
MSFT	Buy	Microsoft Corp Com	$5,302,000	-3.5%	22,763	+6.4%	3.18%	+5.5%
GOOG	Buy	Alphabet Cl Ccap stk cl c	$5,147,000	-12.0%	53,529	+1901.1%	3.09%	-3.8%
ROP	Sell	Roper Technologies	$4,874,000	-12.1%	13,552	-3.5%	2.92%	-3.9%
BLK	Buy	Blackrock Inc.	$4,635,000	-9.4%	8,422	+0.3%	2.78%	-0.9%
CME	Buy	CME Group	$4,589,000	-13.3%	25,909	+0.1%	2.75%	-5.3%
DOV	Sell	Dover Corp	$3,994,000	-4.4%	34,261	-0.5%	2.40%	+4.5%
BRKB	Buy	Berkshire Hathaway Class B Newcl b new	$3,852,000	+3.4%	14,425	+5.7%	2.31%	+13.0%
ZTS	Sell	Zoetis Inc.cl a	$3,795,000	-13.8%	25,592	-0.1%	2.28%	-5.8%
GOOGL	Buy	Alphabet Cl Acap stk cl a	$3,711,000	-17.9%	38,800	+1769.9%	2.23%	-10.3%
JNJ	Sell	Johnson & Johnson Com	$3,588,000	-19.1%	21,967	-12.0%	2.15%	-11.5%
WST	Sell	West Pharmaceuticals Services	$3,566,000	-18.7%	14,493	-0.1%	2.14%	-11.1%
AWK	Sell	American Water Works	$3,556,000	-15.2%	27,320	-3.1%	2.13%	-7.3%
V	Sell	Visa Inc.	$3,521,000	-10.8%	19,822	-1.1%	2.11%	-2.5%
MSCI	Buy	MSCI	$3,305,000	+3.4%	7,836	+1.1%	1.98%	+13.1%
MKL	Sell	Markel	$3,144,000	-16.8%	2,900	-0.8%	1.89%	-9.1%
TYL	Sell	Tyler Technologies Inc	$3,122,000	+2.0%	8,984	-2.4%	1.87%	+11.5%
TMO	Buy	Thermo Fisher Scientific	$2,971,000	+4.6%	5,858	+12.1%	1.78%	+14.4%
ECL	Buy	Ecolab Inc.	$2,834,000	-5.5%	19,625	+0.6%	1.70%	+3.3%
EQIX	Sell	Equinix Inc	$2,788,000	-17.1%	4,901	-4.3%	1.67%	-9.4%
CPRT	Buy	Copart Inc.	$2,574,000	-2.0%	24,191	+0.1%	1.54%	+7.1%
BX	Buy	Blackstone Group Inc Cl A	$2,158,000	+53.5%	25,786	+67.3%	1.30%	+67.7%
TDY	Buy	Teledyne Inc	$2,155,000	-7.9%	6,385	+2.4%	1.29%	+0.7%
ABBV	Sell	Abbvie Inc	$2,012,000	-13.6%	14,988	-1.4%	1.21%	-5.6%
VEEV	Buy	Veeva Systems, Inc.	$1,981,000	-12.3%	12,015	+5.3%	1.19%	-4.2%
INTU	Buy	Intuit	$1,792,000	+3.3%	4,626	+2.8%	1.08%	+12.9%
HD	Sell	Home Depot Inc	$1,400,000	-18.6%	5,074	-19.1%	0.84%	-10.9%
FRC	Sell	First Republic Bank San Franci	$1,333,000	-16.5%	10,209	-7.8%	0.80%	-8.7%
ILMN	Sell	Illumina Inc	$1,171,000	-24.0%	6,137	-26.6%	0.70%	-16.9%
PG	Buy	Procter & Gamble Co	$1,157,000	-10.4%	9,165	+2.0%	0.69%	-2.1%
MRK	Buy	Merck & Co Inc New Com	$1,011,000	-3.0%	11,739	+2.7%	0.61%	+6.1%
PFE	Buy	Pfizer Inc Com	$904,000	+12.6%	20,664	+34.8%	0.54%	+22.9%
CDNS	New	Cadence Design Sys Inc	$845,000	–	5,169	–	0.51%	–
XOM	Sell	Exxon Mobil Corp	$752,000	-35.7%	8,616	-36.9%	0.45%	-29.8%
AMGN	Buy	Amgen Inc	$684,000	-7.3%	3,033	+0.0%	0.41%	+1.2%
ISRG	New	Intuitive Surgical Inc.	$626,000	–	3,340	–	0.38%	–
TER	Sell	Teradyne	$520,000	-65.2%	6,921	-58.5%	0.31%	-62.0%
TGT	Sell	Target Corp	$515,000	-20.0%	3,473	-23.8%	0.31%	-12.5%
MDT	Sell	Medtronic Inc	$431,000	-31.6%	5,343	-23.9%	0.26%	-25.1%
TFX	Sell	Teleflex Incorporated	$403,000	-77.4%	2,000	-72.4%	0.24%	-75.3%
VZ	Sell	Verizon Communications	$314,000	-51.2%	8,275	-34.8%	0.19%	-46.7%
NFLX	Sell	Netflix, Inc	$301,000	-77.9%	1,280	-83.6%	0.18%	-75.8%
NVDA	Buy	Nvidia Corp	$302,000	+8.6%	2,485	+35.4%	0.18%	+18.3%
BAC	Sell	Bank Of Amer Corp	$270,000	-2.9%	8,933	-0.0%	0.16%	+5.9%
HON	Buy	Honeywell Inc	$264,000	+5.2%	1,583	+9.7%	0.16%	+14.5%
CSCO	Buy	Cisco Systems Inc	$255,000	-5.9%	6,365	+0.1%	0.15%	+2.7%
PM	Sell	Philip Morris International	$201,000	-23.6%	2,427	-8.8%	0.12%	-16.0%
KO	Sell	Coca Cola Co	$202,000	-38.0%	3,597	-30.7%	0.12%	-32.4%
FICO	Exit	Fair Isaac Corp.	$0	–	-559	–	-0.12%	–
TROW	Exit	Price T Rowe Group Inc.	$0	–	-2,240	–	-0.14%	–
FB	Exit	Meta Platformscl a	$0	–	-2,148	–	-0.19%	–
AZEK	Exit	Azek Co. Inc.cl a	$0	–	-25,336	–	-0.23%	–

Q2 2022

			Value		Shares		↓ Weighting
AAPL	New	Apple Computer Inc	$16,006,000	–	117,070	–	8.78%	–
DHR	New	Danaher Corp	$8,183,000	–	32,279	–	4.49%	–
JPM	New	JP Morgan Chase	$6,726,000	–	59,729	–	3.69%	–
MA	New	Mastercard Inc.cl a	$6,121,000	–	19,402	–	3.36%	–
GOOG	New	Alphabet Cl Ccap stk cl c	$5,851,000	–	2,675	–	3.21%	–
ROP	New	Roper Technologies	$5,544,000	–	14,047	–	3.04%	–
MSFT	New	Microsoft Corp Com	$5,495,000	–	21,396	–	3.02%	–
AMT	New	American Tower Corp	$5,351,000	–	20,937	–	2.94%	–
CME	New	CME Group	$5,296,000	–	25,874	–	2.91%	–
AMZN	New	Amazon.Com	$5,221,000	–	49,160	–	2.86%	–
BLK	New	Blackrock Inc.	$5,114,000	–	8,397	–	2.81%	–
GOOGL	New	Alphabet Cl Acap stk cl a	$4,522,000	–	2,075	–	2.48%	–
JNJ	New	Johnson & Johnson Com	$4,433,000	–	24,971	–	2.43%	–
ZTS	New	Zoetis Inc.cl a	$4,403,000	–	25,618	–	2.42%	–
WST	New	West Pharmaceuticals Services	$4,385,000	–	14,501	–	2.41%	–
AWK	New	American Water Works	$4,194,000	–	28,190	–	2.30%	–
DOV	New	Dover Corp	$4,177,000	–	34,431	–	2.29%	–
V	New	Visa Inc.	$3,948,000	–	20,052	–	2.17%	–
MKL	New	Markel	$3,781,000	–	2,924	–	2.08%	–
BRKB	New	Berkshire Hathaway Class B Newcl b new	$3,727,000	–	13,650	–	2.04%	–
EQIX	New	Equinix Inc	$3,365,000	–	5,121	–	1.85%	–
AME	New	Ametek Inc	$3,243,000	–	29,515	–	1.78%	–
MSCI	New	MSCI	$3,195,000	–	7,752	–	1.75%	–
IDXX	New	Idexx Laboratories Inc	$3,110,000	–	8,868	–	1.71%	–
TYL	New	Tyler Technologies Inc	$3,062,000	–	9,209	–	1.68%	–
ECL	New	Ecolab Inc.	$2,999,000	–	19,505	–	1.65%	–
HEI	New	Heico Corp.	$2,947,000	–	22,475	–	1.62%	–
TMO	New	Thermo Fisher Scientific	$2,839,000	–	5,225	–	1.56%	–
PAYC	New	Paycom Software Inc	$2,759,000	–	9,850	–	1.51%	–
CPRT	New	Copart Inc.	$2,626,000	–	24,166	–	1.44%	–
STE	New	Steris Plc	$2,450,000	–	11,884	–	1.34%	–
ABT	New	Abbott Labs	$2,428,000	–	22,356	–	1.33%	–
TDY	New	Teledyne Inc	$2,339,000	–	6,235	–	1.28%	–
ABBV	New	Abbvie Inc	$2,330,000	–	15,208	–	1.28%	–
VEEV	New	Veeva Systems, Inc.	$2,259,000	–	11,405	–	1.24%	–
TFX	New	Teleflex Incorporated	$1,784,000	–	7,257	–	0.98%	–
INTU	New	Intuit	$1,735,000	–	4,501	–	0.95%	–
HD	New	Home Depot Inc	$1,719,000	–	6,269	–	0.94%	–
FRC	New	First Republic Bank San Franci	$1,596,000	–	11,070	–	0.88%	–
ILMN	New	Illumina Inc	$1,541,000	–	8,359	–	0.85%	–
TER	New	Teradyne	$1,495,000	–	16,691	–	0.82%	–
BX	New	Blackstone Group Inc Cl A	$1,406,000	–	15,409	–	0.77%	–
NFLX	New	Netflix, Inc	$1,364,000	–	7,801	–	0.75%	–
PG	New	Procter & Gamble Co	$1,292,000	–	8,988	–	0.71%	–
XOM	New	Exxon Mobil Corp	$1,169,000	–	13,648	–	0.64%	–
MRK	New	Merck & Co Inc New Com	$1,042,000	–	11,432	–	0.57%	–
PFE	New	Pfizer Inc Com	$803,000	–	15,324	–	0.44%	–
AMGN	New	Amgen Inc	$738,000	–	3,032	–	0.40%	–
CVX	New	Chevron Texaco Corp	$681,000	–	4,706	–	0.37%	–
VZ	New	Verizon Communications	$644,000	–	12,688	–	0.35%	–
TGT	New	Target Corp	$644,000	–	4,556	–	0.35%	–
MDT	New	Medtronic Inc	$630,000	–	7,018	–	0.35%	–
BMY	New	Bristol Myers Squibb Co	$618,000	–	8,022	–	0.34%	–
GPC	New	Genuine Parts Co	$513,000	–	3,854	–	0.28%	–
TW	New	Trade Web Markets, Inc.cl a	$487,000	–	7,137	–	0.27%	–
NVS	New	Novartis Ag Spon Adrsponsored adr	$462,000	–	5,463	–	0.25%	–
AZEK	New	Azek Co. Inc.cl a	$424,000	–	25,336	–	0.23%	–
BRKA	New	Berkshire Hathaway Class Acl a	$409,000	–	1	–	0.22%	–
FB	New	Meta Platformscl a	$346,000	–	2,148	–	0.19%	–
KO	New	Coca Cola Co	$326,000	–	5,187	–	0.18%	–
SBAC	New	SBA Communications Corp.cl a	$308,000	–	962	–	0.17%	–
GS	New	Goldman Sachs Group Inc	$287,000	–	966	–	0.16%	–
NVDA	New	Nvidia Corp	$278,000	–	1,835	–	0.15%	–
BAC	New	Bank Of Amer Corp	$278,000	–	8,934	–	0.15%	–
CSCO	New	Cisco Systems Inc	$271,000	–	6,360	–	0.15%	–
AMAT	New	Applied Materials Inc	$269,000	–	2,959	–	0.15%	–
PM	New	Philip Morris International	$263,000	–	2,662	–	0.14%	–
PEP	New	Pepsico Inc	$263,000	–	1,581	–	0.14%	–
BKNG	New	Booking Hldgs Inc	$262,000	–	150	–	0.14%	–
WFC	New	Wells Fargo & Co New	$259,000	–	6,600	–	0.14%	–
TROW	New	Price T Rowe Group Inc.	$254,000	–	2,240	–	0.14%	–
HON	New	Honeywell Inc	$251,000	–	1,443	–	0.14%	–
EMR	New	Emerson Electric Co	$231,000	–	2,900	–	0.13%	–
AES	New	AES Corp	$225,000	–	10,700	–	0.12%	–
FICO	New	Fair Isaac Corp.	$224,000	–	559	–	0.12%	–

Q4 2021

			Value		Shares		↓ Weighting
UL	Exit	Unilever Plcspon adr new	$0	–	-4,018	–	-0.09%	–
VFC	Exit	V. F. Corporation	$0	–	-3,233	–	-0.09%	–
AES	Exit	AES Corp	$0	–	-10,700	–	-0.10%	–
PEP	Exit	Pepsico Inc	$0	–	-1,781	–	-0.11%	–
EMR	Exit	Emerson Electric Co	$0	–	-2,970	–	-0.11%	–
PM	Exit	Philip Morris International	$0	–	-3,042	–	-0.12%	–
WFC	Exit	Wells Fargo & Co New	$0	–	-6,600	–	-0.12%	–
SBAC	Exit	SBA Communications Corp.cl a	$0	–	-962	–	-0.13%	–
HON	Exit	Honeywell Inc	$0	–	-1,516	–	-0.13%	–
KO	Exit	Coca Cola Co	$0	–	-6,631	–	-0.14%	–
BKNG	Exit	Booking Hldgs Inc	$0	–	-150	–	-0.14%	–
INTC	Exit	Intel Corp	$0	–	-7,005	–	-0.15%	–
BAC	Exit	Bank Of Amer Corp	$0	–	-8,894	–	-0.15%	–
BRKA	Exit	Berkshire Hathaway Class Acl a	$0	–	-1	–	-0.17%	–
BMY	Exit	Bristol Myers Squibb Co	$0	–	-7,355	–	-0.18%	–
TROW	Exit	Price T Rowe Group Inc.	$0	–	-2,240	–	-0.18%	–
PYPL	Exit	Paypal Holdings Inc	$0	–	-1,700	–	-0.18%	–
DIS	Exit	Disney Walt Co Holding Co	$0	–	-2,634	–	-0.18%	–
GPC	Exit	Genuine Parts Co	$0	–	-3,854	–	-0.19%	–
GS	Exit	Goldman Sachs Group Inc	$0	–	-1,234	–	-0.19%	–
AMAT	Exit	Applied Materials Inc	$0	–	-3,644	–	-0.19%	–
NVS	Exit	Novartis Ag Spon Adrsponsored adr	$0	–	-5,814	–	-0.19%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-9,607	–	-0.21%	–
CVX	Exit	Chevron Texaco Corp	$0	–	-5,443	–	-0.22%	–
AMGN	Exit	Amgen Inc	$0	–	-3,428	–	-0.30%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-13,451	–	-0.32%	–
MDT	Exit	Medtronic Inc	$0	–	-7,043	–	-0.36%	–
MRK	Exit	Merck & Co Inc New Com	$0	–	-11,943	–	-0.36%	–
VZ	Exit	Verizon Communications	$0	–	-16,731	–	-0.37%	–
FB	Exit	Facebookcl a	$0	–	-2,674	–	-0.37%	–
PFE	Exit	Pfizer Inc Com	$0	–	-21,238	–	-0.37%	–
AZEK	Exit	Azek Co. Inc.cl a	$0	–	-24,996	–	-0.37%	–
MMM	Exit	3m Co	$0	–	-5,496	–	-0.39%	–
BX	Exit	Blackstone Group Inc Cl A	$0	–	-10,356	–	-0.49%	–
FRPT	Exit	Freshpet Inc.	$0	–	-8,843	–	-0.51%	–
RDSA	Exit	Royal Dutch Shell Class Aspons adr a	$0	–	-29,582	–	-0.53%	–
TGT	Exit	Target Corp	$0	–	-5,897	–	-0.55%	–
ABBV	Exit	Abbvie Inc	$0	–	-14,064	–	-0.61%	–
VEEV	Exit	Veeva Systems, Inc.	$0	–	-6,431	–	-0.75%	–
TER	Exit	Teradyne	$0	–	-17,346	–	-0.77%	–
MKTX	Exit	Marketaxess Holdings	$0	–	-4,684	–	-0.80%	–
TDOC	Exit	Teladoc Health Inc.	$0	–	-15,608	–	-0.80%	–
TW	Exit	Trade Web Markets, Inc.cl a	$0	–	-25,257	–	-0.82%	–
TDY	Exit	Teledyne Inc	$0	–	-5,265	–	-0.92%	–
FRC	Exit	First Republic Bank San Franci	$0	–	-11,868	–	-0.93%	–
BRKB	Exit	Berkshire Hathaway Class B Newcl b new	$0	–	-8,888	–	-0.98%	–
STE	Exit	Steris Plc	$0	–	-12,277	–	-1.02%	–
PG	Exit	Procter & Gamble Co	$0	–	-17,967	–	-1.02%	–
HEI	Exit	Heico Corp.	$0	–	-19,501	–	-1.04%	–
ABT	Exit	Abbott Labs	$0	–	-22,356	–	-1.07%	–
BFAM	Exit	Bright Horizons Family	$0	–	-18,950	–	-1.07%	–
TFX	Exit	Teleflex Incorporated	$0	–	-7,337	–	-1.12%	–
HD	Exit	Home Depot Inc	$0	–	-9,074	–	-1.20%	–
FICO	Exit	Fair Isaac Corp.	$0	–	-7,905	–	-1.27%	–
CPRT	Exit	Copart Inc.	$0	–	-23,145	–	-1.30%	–
MKL	Exit	Markel	$0	–	-2,696	–	-1.30%	–
ILMN	Exit	Illumina Inc	$0	–	-8,747	–	-1.44%	–
AME	Exit	Ametek Inc	$0	–	-29,689	–	-1.49%	–
MASI	Exit	Massimo Corporation	$0	–	-13,730	–	-1.50%	–
FISV	Exit	Fiserv Inc Wis	$0	–	-35,146	–	-1.54%	–
JNJ	Exit	Johnson & Johnson Com	$0	–	-24,846	–	-1.62%	–
EQIX	Exit	Equinix Inc	$0	–	-5,158	–	-1.65%	–
ECL	Exit	Ecolab Inc.	$0	–	-20,555	–	-1.74%	–
TYL	Exit	Tyler Technologies Inc	$0	–	-9,793	–	-1.82%	–
V	Exit	Visa Inc.	$0	–	-20,182	–	-1.82%	–
MSCI	Exit	MSCI	$0	–	-7,550	–	-1.86%	–
PAYC	Exit	Paycom Software Inc	$0	–	-9,646	–	-1.93%	–
CME	Exit	CME Group	$0	–	-25,122	–	-1.96%	–
AWK	Exit	American Water Works	$0	–	-29,011	–	-1.98%	–
ZTS	Exit	Zoetis Inc.cl a	$0	–	-25,454	–	-2.00%	–
NFLX	Exit	Netflix, Inc	$0	–	-8,097	–	-2.00%	–
DOV	Exit	Dover Corp	$0	–	-32,983	–	-2.08%	–
IDXX	Exit	Idexx Laboratories Inc	$0	–	-9,006	–	-2.27%	–
GOOGL	Exit	Alphabet Cl Acap stk cl a	$0	–	-2,162	–	-2.34%	–
AMT	Exit	American Tower Corp	$0	–	-22,778	–	-2.44%	–
WST	Exit	West Pharmaceuticals Services	$0	–	-15,226	–	-2.62%	–
ROP	Exit	Roper Technologies	$0	–	-14,648	–	-2.64%	–
MSFT	Exit	Microsoft Corp Com	$0	–	-23,462	–	-2.68%	–
BLK	Exit	Blackrock Inc.	$0	–	-8,122	–	-2.76%	–
GOOG	Exit	Alphabet Cl Ccap stk cl c	$0	–	-2,718	–	-2.93%	–
AMZN	Exit	Amazon.Com	$0	–	-2,429	–	-3.23%	–
MA	Exit	Mastercard Inc.cl a	$0	–	-24,422	–	-3.44%	–
DHR	Exit	Danaher Corp	$0	–	-33,048	–	-4.07%	–
JPM	Exit	JP Morgan Chase	$0	–	-77,336	–	-5.12%	–
AAPL	Exit	Apple Computer Inc	$0	–	-128,162	–	-7.34%	–

Q3 2021

			Value		Shares		↓ Weighting
AAPL	Sell	Apple Computer Inc	$18,135,000	-2.1%	128,162	-5.2%	7.34%	+0.5%
JPM	Sell	JP Morgan Chase	$12,659,000	+1.1%	77,336	-3.9%	5.12%	+3.8%
DHR	Sell	Danaher Corp	$10,061,000	+6.2%	33,048	-6.4%	4.07%	+9.1%
MA	Sell	Mastercard Inc.cl a	$8,491,000	-4.9%	24,422	-0.1%	3.44%	-2.4%
AMZN	Buy	Amazon.Com	$7,979,000	-4.4%	2,429	+0.1%	3.23%	-1.9%
GOOG	Sell	Alphabet Cl Ccap stk cl c	$7,244,000	-3.6%	2,718	-9.4%	2.93%	-1.1%
BLK	Sell	Blackrock Inc.	$6,811,000	-15.9%	8,122	-12.2%	2.76%	-13.6%
MSFT	Sell	Microsoft Corp Com	$6,614,000	+3.7%	23,462	-0.3%	2.68%	+6.5%
ROP	Sell	Roper Technologies	$6,535,000	-11.5%	14,648	-6.7%	2.64%	-9.1%
WST	Sell	West Pharmaceuticals Services	$6,464,000	+8.4%	15,226	-8.3%	2.62%	+11.3%
GOOGL	Sell	Alphabet Cl Acap stk cl a	$5,780,000	-1.9%	2,162	-10.4%	2.34%	+0.7%
IDXX	Sell	Idexx Laboratories Inc	$5,601,000	-12.4%	9,006	-11.0%	2.27%	-10.0%
DOV	Sell	Dover Corp	$5,129,000	+2.1%	32,983	-1.1%	2.08%	+4.8%
ZTS	Sell	Zoetis Inc.cl a	$4,942,000	-5.7%	25,454	-9.5%	2.00%	-3.2%
NFLX	Sell	Netflix, Inc	$4,942,000	+15.0%	8,097	-0.5%	2.00%	+18.0%
AWK	Sell	American Water Works	$4,904,000	+9.1%	29,011	-0.5%	1.98%	+12.0%
CME	Sell	CME Group	$4,858,000	-9.8%	25,122	-0.8%	1.96%	-7.4%
PAYC	Sell	Paycom Software Inc	$4,782,000	+22.1%	9,646	-10.4%	1.93%	+25.3%
MSCI	Sell	MSCI	$4,593,000	+3.5%	7,550	-9.3%	1.86%	+6.2%
TYL	Sell	Tyler Technologies Inc	$4,492,000	+0.6%	9,793	-0.8%	1.82%	+3.3%
ECL	Sell	Ecolab Inc.	$4,288,000	+0.3%	20,555	-1.0%	1.74%	+3.0%
EQIX	Sell	Equinix Inc	$4,076,000	-2.5%	5,158	-1.0%	1.65%	+0.1%
JNJ	Buy	Johnson & Johnson Com	$4,013,000	-2.0%	24,846	+0.0%	1.62%	+0.6%
FISV	Sell	Fiserv Inc Wis	$3,813,000	+1.4%	35,146	-0.1%	1.54%	+4.1%
MASI	Buy	Massimo Corporation	$3,717,000	+13.1%	13,730	+1.3%	1.50%	+16.1%
ILMN	Sell	Illumina Inc	$3,548,000	-15.0%	8,747	-0.9%	1.44%	-12.8%
MKL	Buy	Markel	$3,222,000	+0.9%	2,696	+0.2%	1.30%	+3.6%
CPRT	Sell	Copart Inc.	$3,211,000	+4.1%	23,145	-1.1%	1.30%	+6.9%
FICO	Sell	Fair Isaac Corp.	$3,146,000	-21.4%	7,905	-0.8%	1.27%	-19.3%
TFX	Sell	Teleflex Incorporated	$2,763,000	-7.3%	7,337	-1.1%	1.12%	-4.9%
BFAM	Sell	Bright Horizons Family	$2,642,000	-5.8%	18,950	-0.6%	1.07%	-3.3%
HEI	Sell	Heico Corp.	$2,572,000	-6.8%	19,501	-1.5%	1.04%	-4.4%
PG	Buy	Procter & Gamble Co	$2,512,000	+3.6%	17,967	+0.0%	1.02%	+6.4%
STE	Sell	Steris Plc	$2,508,000	-2.4%	12,277	-1.4%	1.02%	+0.3%
BRKB	Sell	Berkshire Hathaway Class B Newcl b new	$2,426,000	-4.0%	8,888	-2.2%	0.98%	-1.5%
FRC	Sell	First Republic Bank San Franci	$2,289,000	+0.3%	11,868	-2.7%	0.93%	+2.9%
TDY	Sell	Teledyne Inc	$2,262,000	+1.2%	5,265	-1.4%	0.92%	+3.9%
TW	Sell	Trade Web Markets, Inc.cl a	$2,040,000	-5.6%	25,257	-1.2%	0.82%	-3.2%
TDOC	Sell	Teladoc Health Inc.	$1,979,000	-24.4%	15,608	-0.8%	0.80%	-22.3%
MKTX	Buy	Marketaxess Holdings	$1,971,000	-8.5%	4,684	+0.8%	0.80%	-6.1%
TER	Sell	Teradyne	$1,894,000	-29.1%	17,346	-13.0%	0.77%	-27.3%
VEEV	Buy	Veeva Systems, Inc.	$1,853,000	-6.3%	6,431	+1.1%	0.75%	-3.7%
ABBV	Buy	Abbvie Inc	$1,517,000	-2.7%	14,064	+1.6%	0.61%	0.0%
TGT	Buy	Target Corp	$1,349,000	-3.8%	5,897	+1.7%	0.55%	-1.1%
FRPT	Sell	Freshpet Inc.	$1,262,000	-12.5%	8,843	-0.2%	0.51%	-10.2%
BX	Sell	Blackstone Group Inc Cl A	$1,205,000	+15.1%	10,356	-3.9%	0.49%	+17.9%
AZEK	Buy	Azek Co. Inc.cl a	$913,000	-12.5%	24,996	+1.7%	0.37%	-10.2%
PFE	Sell	Pfizer Inc Com	$913,000	+2.6%	21,238	-6.6%	0.37%	+5.1%
VZ	Buy	Verizon Communications	$904,000	+1.0%	16,731	+4.7%	0.37%	+3.7%
MRK	Buy	Merck & Co Inc New Com	$897,000	-3.3%	11,943	+0.1%	0.36%	-0.8%
XOM	Sell	Exxon Mobil Corp	$791,000	-17.3%	13,451	-11.3%	0.32%	-15.1%
AMGN	Buy	Amgen Inc	$729,000	-12.7%	3,428	+0.0%	0.30%	-10.3%
CSCO	Buy	Cisco Systems Inc	$523,000	+2.8%	9,607	+0.0%	0.21%	+5.5%
DIS	Buy	Disney Walt Co Holding Co	$445,000	+1.6%	2,634	+5.7%	0.18%	+4.0%
BAC	Buy	Bank Of Amer Corp	$378,000	+3.3%	8,894	+0.1%	0.15%	+6.2%
HON	Sell	Honeywell Inc	$322,000	-6.1%	1,516	-3.1%	0.13%	-3.7%
SBAC	Sell	SBA Communications Corp.cl a	$318,000	-6.2%	962	-9.4%	0.13%	-3.7%
PM	Sell	Philip Morris International	$288,000	-19.8%	3,042	-16.1%	0.12%	-17.0%

Q2 2021

			Value		Shares		↓ Weighting
AAPL	New	Apple Computer Inc	$18,515,000	–	135,183	–	7.30%	–
JPM	New	JP Morgan Chase	$12,523,000	–	80,515	–	4.94%	–
DHR	New	Danaher Corp	$9,472,000	–	35,295	–	3.73%	–
MA	New	Mastercard Inc.cl a	$8,928,000	–	24,453	–	3.52%	–
AMZN	New	Amazon.Com	$8,346,000	–	2,426	–	3.29%	–
BLK	New	Blackrock Inc.	$8,095,000	–	9,252	–	3.19%	–
GOOG	New	Alphabet Cl Ccap stk cl c	$7,516,000	–	2,999	–	2.96%	–
ROP	New	Roper Technologies	$7,381,000	–	15,698	–	2.91%	–
IDXX	New	Idexx Laboratories Inc	$6,392,000	–	10,121	–	2.52%	–
MSFT	New	Microsoft Corp Com	$6,376,000	–	23,535	–	2.51%	–
AMT	New	American Tower Corp	$6,154,000	–	22,778	–	2.42%	–
WST	New	West Pharmaceuticals Services	$5,965,000	–	16,611	–	2.35%	–
GOOGL	New	Alphabet Cl Acap stk cl a	$5,890,000	–	2,412	–	2.32%	–
CME	New	CME Group	$5,385,000	–	25,321	–	2.12%	–
ZTS	New	Zoetis Inc.cl a	$5,242,000	–	28,129	–	2.07%	–
DOV	New	Dover Corp	$5,024,000	–	33,362	–	1.98%	–
V	New	Visa Inc.	$4,719,000	–	20,182	–	1.86%	–
AWK	New	American Water Works	$4,494,000	–	29,159	–	1.77%	–
TYL	New	Tyler Technologies Inc	$4,464,000	–	9,868	–	1.76%	–
MSCI	New	MSCI	$4,438,000	–	8,325	–	1.75%	–
NFLX	New	Netflix, Inc	$4,298,000	–	8,137	–	1.69%	–
ECL	New	Ecolab Inc.	$4,277,000	–	20,765	–	1.68%	–
EQIX	New	Equinix Inc	$4,180,000	–	5,208	–	1.65%	–
ILMN	New	Illumina Inc	$4,175,000	–	8,822	–	1.64%	–
JNJ	New	Johnson & Johnson Com	$4,093,000	–	24,844	–	1.61%	–
FICO	New	Fair Isaac Corp.	$4,004,000	–	7,965	–	1.58%	–
AME	New	Ametek Inc	$3,963,000	–	29,689	–	1.56%	–
PAYC	New	Paycom Software Inc	$3,915,000	–	10,771	–	1.54%	–
FISV	New	Fiserv Inc Wis	$3,759,000	–	35,171	–	1.48%	–
MASI	New	Massimo Corporation	$3,287,000	–	13,559	–	1.30%	–
MKL	New	Markel	$3,193,000	–	2,691	–	1.26%	–
CPRT	New	Copart Inc.	$3,084,000	–	23,395	–	1.22%	–
TFX	New	Teleflex Incorporated	$2,982,000	–	7,421	–	1.18%	–
HD	New	Home Depot Inc	$2,894,000	–	9,074	–	1.14%	–
BFAM	New	Bright Horizons Family	$2,805,000	–	19,065	–	1.10%	–
HEI	New	Heico Corp.	$2,761,000	–	19,801	–	1.09%	–
TER	New	Teradyne	$2,672,000	–	19,946	–	1.05%	–
TDOC	New	Teladoc Health Inc.	$2,616,000	–	15,733	–	1.03%	–
ABT	New	Abbott Labs	$2,591,000	–	22,356	–	1.02%	–
STE	New	Steris Plc	$2,569,000	–	12,451	–	1.01%	–
BRKB	New	Berkshire Hathaway Class B Newcl b new	$2,527,000	–	9,092	–	1.00%	–
PG	New	Procter & Gamble Co	$2,424,000	–	17,964	–	0.96%	–
FRC	New	First Republic Bank San Franci	$2,283,000	–	12,196	–	0.90%	–
TDY	New	Teledyne Inc	$2,236,000	–	5,339	–	0.88%	–
TW	New	Trade Web Markets, Inc.cl a	$2,161,000	–	25,557	–	0.85%	–
MKTX	New	Marketaxess Holdings	$2,155,000	–	4,649	–	0.85%	–
VEEV	New	Veeva Systems, Inc.	$1,978,000	–	6,360	–	0.78%	–
ABBV	New	Abbvie Inc	$1,559,000	–	13,844	–	0.61%	–
FRPT	New	Freshpet Inc.	$1,443,000	–	8,858	–	0.57%	–
TGT	New	Target Corp	$1,402,000	–	5,801	–	0.55%	–
RDSA	New	Royal Dutch Shell Class Aspons adr a	$1,195,000	–	29,582	–	0.47%	–
MMM	New	3m Co	$1,092,000	–	5,496	–	0.43%	–
BX	New	Blackstone Group Inc Cl A	$1,047,000	–	10,780	–	0.41%	–
AZEK	New	Azek Co. Inc.cl a	$1,044,000	–	24,580	–	0.41%	–
XOM	New	Exxon Mobil Corp	$956,000	–	15,161	–	0.38%	–
MRK	New	Merck & Co Inc New Com	$928,000	–	11,934	–	0.37%	–
FB	New	Facebookcl a	$930,000	–	2,674	–	0.37%	–
VZ	New	Verizon Communications	$895,000	–	15,979	–	0.35%	–
PFE	New	Pfizer Inc Com	$890,000	–	22,738	–	0.35%	–
MDT	New	Medtronic Inc	$875,000	–	7,043	–	0.34%	–
AMGN	New	Amgen Inc	$835,000	–	3,427	–	0.33%	–
CVX	New	Chevron Texaco Corp	$570,000	–	5,443	–	0.22%	–
NVS	New	Novartis Ag Spon Adrsponsored adr	$530,000	–	5,814	–	0.21%	–
AMAT	New	Applied Materials Inc	$519,000	–	3,644	–	0.20%	–
CSCO	New	Cisco Systems Inc	$509,000	–	9,603	–	0.20%	–
PYPL	New	Paypal Holdings Inc	$496,000	–	1,700	–	0.20%	–
BMY	New	Bristol Myers Squibb Co	$491,000	–	7,355	–	0.19%	–
GPC	New	Genuine Parts Co	$487,000	–	3,854	–	0.19%	–
GS	New	Goldman Sachs Group Inc	$468,000	–	1,234	–	0.18%	–
TROW	New	Price T Rowe Group Inc.	$444,000	–	2,240	–	0.18%	–
DIS	New	Disney Walt Co Holding Co	$438,000	–	2,491	–	0.17%	–
BRKA	New	Berkshire Hathaway Class Acl a	$419,000	–	1	–	0.16%	–
INTC	New	Intel Corp	$393,000	–	7,005	–	0.16%	–
BAC	New	Bank Of Amer Corp	$366,000	–	8,881	–	0.14%	–
PM	New	Philip Morris International	$359,000	–	3,627	–	0.14%	–
KO	New	Coca Cola Co	$359,000	–	6,631	–	0.14%	–
HON	New	Honeywell Inc	$343,000	–	1,565	–	0.14%	–
SBAC	New	SBA Communications Corp.cl a	$339,000	–	1,062	–	0.13%	–
BKNG	New	Booking Hldgs Inc	$328,000	–	150	–	0.13%	–
WFC	New	Wells Fargo & Co New	$299,000	–	6,600	–	0.12%	–
EMR	New	Emerson Electric Co	$286,000	–	2,970	–	0.11%	–
AES	New	AES Corp	$279,000	–	10,700	–	0.11%	–
VFC	New	V. F. Corporation	$265,000	–	3,233	–	0.10%	–
PEP	New	Pepsico Inc	$264,000	–	1,781	–	0.10%	–
UL	New	Unilever Plcspon adr new	$235,000	–	4,018	–	0.09%	–

Q4 2020

			Value		Shares		↓ Weighting
BAC	Exit	Bank Of Amer Corp	$0	–	-930	–	-0.01%	–
EMR	Exit	Emerson Electric Co	$0	–	-955	–	-0.04%	–
MS	Exit	Morgan Stanley	$0	–	-1,320	–	-0.04%	–
GS	Exit	Goldman Sachs Group Inc	$0	–	-378	–	-0.05%	–
CVX	Exit	Chevron Texaco Corp	$0	–	-1,437	–	-0.06%	–
BMY	Exit	Bristol Myers Squibb Co	$0	–	-1,920	–	-0.07%	–
HON	Exit	Honeywell Inc	$0	–	-733	–	-0.07%	–
KO	Exit	Coca Cola Co	$0	–	-2,841	–	-0.09%	–
UL	Exit	Unilever Plcspon adr new	$0	–	-2,485	–	-0.09%	–
NVS	Exit	Novartis Ag Spon Adrsponsored adr	$0	–	-2,039	–	-0.11%	–
T	Exit	At&t Corp Com New	$0	–	-6,216	–	-0.11%	–
VFC	Exit	V. F. Corporation	$0	–	-3,067	–	-0.13%	–
INTC	Exit	Intel Corp	$0	–	-4,557	–	-0.14%	–
PEP	Exit	Pepsico Inc	$0	–	-1,781	–	-0.15%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-7,414	–	-0.16%	–
MO	Exit	Altria Group Inc	$0	–	-7,197	–	-0.17%	–
DIS	Exit	Disney Walt Co Holding Co	$0	–	-2,653	–	-0.20%	–
GPC	Exit	Genuine Parts Co	$0	–	-3,854	–	-0.23%	–
BKNG	Exit	Booking Hldgs Inc	$0	–	-225	–	-0.24%	–
TGT	Exit	Target Corp	$0	–	-2,604	–	-0.25%	–
CMCSA	Exit	Comcast Corp New Cl Acl a	$0	–	-9,006	–	-0.26%	–
TROW	Exit	Price T Rowe Group Inc.	$0	–	-3,391	–	-0.27%	–
PM	Exit	Philip Morris International	$0	–	-5,969	–	-0.28%	–
MDT	Exit	Medtronic Inc	$0	–	-4,452	–	-0.28%	–
PFE	Exit	Pfizer Inc Com	$0	–	-12,782	–	-0.29%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-13,174	–	-0.32%	–
FB	Exit	Facebookcl a	$0	–	-1,982	–	-0.32%	–
VZ	Exit	Verizon Communications	$0	–	-9,060	–	-0.33%	–
AMGN	Exit	Amgen Inc	$0	–	-2,865	–	-0.45%	–
FRC	Exit	First Republic Bank San Franci	$0	–	-6,698	–	-0.45%	–
RDSA	Exit	Royal Dutch Shell Class Aspons adr a	$0	–	-29,582	–	-0.46%	–
NKE	Exit	Nike Inccl b	$0	–	-7,030	–	-0.54%	–
MRK	Exit	Merck & Co Inc New Com	$0	–	-11,652	–	-0.60%	–
TW	Exit	Trade Web Markets, Inc.cl a	$0	–	-17,856	–	-0.64%	–
MMM	Exit	3m Co	$0	–	-6,951	–	-0.68%	–
TDY	Exit	Teledyne Inc	$0	–	-3,605	–	-0.69%	–
ABBV	Exit	Abbvie Inc	$0	–	-13,647	–	-0.74%	–
HEI	Exit	Heico Corp.	$0	–	-13,609	–	-0.88%	–
STE	Exit	Steris Plc	$0	–	-8,788	–	-0.95%	–
CPRT	Exit	Copart Inc.	$0	–	-15,770	–	-1.02%	–
BRKB	Exit	Berkshire Hathaway Class B Newcl b new	$0	–	-7,801	–	-1.02%	–
MKTX	Exit	Marketaxess Holdings	$0	–	-3,540	–	-1.05%	–
MKL	Exit	Markel	$0	–	-1,912	–	-1.14%	–
HD	Exit	Home Depot Inc	$0	–	-6,889	–	-1.18%	–
PG	Exit	Procter & Gamble Co	$0	–	-14,100	–	-1.20%	–
ABT	Exit	Abbott Labs	$0	–	-18,285	–	-1.22%	–
TER	Exit	Teradyne	$0	–	-25,655	–	-1.25%	–
MSCI	Exit	MSCI	$0	–	-5,925	–	-1.30%	–
TFX	Exit	Teleflex Incorporated	$0	–	-6,260	–	-1.31%	–
BFAM	Exit	Bright Horizons Family	$0	–	-14,490	–	-1.36%	–
PAYC	Exit	Paycom Software Inc	$0	–	-7,840	–	-1.50%	–
TDOC	Exit	Teladoc Health Inc.	$0	–	-11,335	–	-1.53%	–
TYL	Exit	Tyler Technologies Inc	$0	–	-7,219	–	-1.55%	–
MASI	Exit	Massimo Corporation	$0	–	-10,746	–	-1.56%	–
FICO	Exit	Fair Isaac Corp.	$0	–	-6,054	–	-1.58%	–
GOOGL	Exit	Alphabet Cl Acap stk cl a	$0	–	-1,872	–	-1.69%	–
DOV	Exit	Dover Corp	$0	–	-25,477	–	-1.70%	–
ILMN	Exit	Illumina Inc	$0	–	-9,342	–	-1.78%	–
AME	Exit	Ametek Inc	$0	–	-29,755	–	-1.82%	–
V	Exit	Visa Inc.	$0	–	-14,941	–	-1.84%	–
FISV	Exit	Fiserv Inc Wis	$0	–	-30,175	–	-1.91%	–
MSFT	Exit	Microsoft Corp Com	$0	–	-14,798	–	-1.91%	–
JNJ	Exit	Johnson & Johnson Com	$0	–	-21,493	–	-1.97%	–
GOOG	Exit	Alphabet Cl Ccap stk cl c	$0	–	-2,247	–	-2.03%	–
EQIX	Exit	Equinix Inc	$0	–	-4,470	–	-2.09%	–
CME	Exit	CME Group	$0	–	-20,805	–	-2.14%	–
AWK	Exit	American Water Works	$0	–	-24,584	–	-2.19%	–
ZTS	Exit	Zoetis Inc.cl a	$0	–	-22,540	–	-2.29%	–
NFLX	Exit	Netflix, Inc	$0	–	-7,515	–	-2.31%	–
ECL	Exit	Ecolab Inc.	$0	–	-19,349	–	-2.38%	–
BLK	Exit	Blackrock Inc.	$0	–	-7,399	–	-2.56%	–
IDXX	Exit	Idexx Laboratories Inc	$0	–	-10,950	–	-2.65%	–
WST	Exit	West Pharmaceuticals Services	$0	–	-15,799	–	-2.67%	–
AMT	Exit	American Tower Corp	$0	–	-20,769	–	-3.09%	–
AMZN	Exit	Amazon.Com	$0	–	-1,686	–	-3.26%	–
ROP	Exit	Roper Technologies	$0	–	-14,396	–	-3.50%	–
JPM	Exit	JP Morgan Chase	$0	–	-71,117	–	-4.21%	–
DHR	Exit	Danaher Corp	$0	–	-33,447	–	-4.43%	–
MA	Exit	Mastercard Inc.cl a	$0	–	-21,826	–	-4.54%	–
AAPL	Exit	Apple Computer Inc	$0	–	-90,710	–	-6.46%	–

Q3 2020

			Value		Shares		↓ Weighting
AAPL	Buy	Apple Computer Inc	$10,505,000	+17.0%	90,710	+268.5%	6.46%	+16.3%
MA	Sell	Mastercard Inc.cl a	$7,381,000	+4.9%	21,826	-8.3%	4.54%	+4.3%
DHR	Sell	Danaher Corp	$7,202,000	+16.8%	33,447	-4.1%	4.43%	+16.2%
JPM	Sell	JP Morgan Chase	$6,846,000	-1.9%	71,117	-4.1%	4.21%	-2.4%
ROP	Sell	Roper Technologies	$5,688,000	+0.7%	14,396	-1.0%	3.50%	+0.2%
AMZN	Sell	Amazon.Com	$5,309,000	-13.9%	1,686	-24.6%	3.26%	-14.4%
AMT	Sell	American Tower Corp	$5,020,000	-15.6%	20,769	-9.8%	3.09%	-16.1%
WST	Sell	West Pharmaceuticals Services	$4,343,000	+12.6%	15,799	-6.9%	2.67%	+12.0%
IDXX	Sell	Idexx Laboratories Inc	$4,305,000	+15.4%	10,950	-3.1%	2.65%	+14.8%
BLK	Sell	Blackrock Inc.	$4,170,000	+3.5%	7,399	-0.1%	2.56%	+3.0%
ECL	Sell	Ecolab Inc.	$3,867,000	-3.1%	19,349	-3.5%	2.38%	-3.6%
NFLX	Sell	Netflix, Inc	$3,758,000	+3.2%	7,515	-6.1%	2.31%	+2.7%
ZTS	Sell	Zoetis Inc.cl a	$3,727,000	+19.0%	22,540	-1.4%	2.29%	+18.3%
AWK	Sell	American Water Works	$3,562,000	+5.7%	24,584	-6.2%	2.19%	+5.1%
GOOG	Sell	Alphabet Cl Ccap stk cl c	$3,302,000	-1.1%	2,247	-4.8%	2.03%	-1.6%
JNJ	Sell	Johnson & Johnson Com	$3,200,000	-3.4%	21,493	-8.7%	1.97%	-3.9%
MSFT	Sell	Microsoft Corp Com	$3,112,000	-10.2%	14,798	-13.1%	1.91%	-10.7%
FISV	Sell	Fiserv Inc Wis	$3,110,000	+3.5%	30,175	-1.9%	1.91%	+3.0%
V	Sell	Visa Inc.	$2,988,000	-7.7%	14,941	-10.9%	1.84%	-8.2%
ILMN	Sell	Illumina Inc	$2,887,000	-17.1%	9,342	-0.6%	1.78%	-17.6%
GOOGL	Sell	Alphabet Cl Acap stk cl a	$2,744,000	-10.0%	1,872	-13.0%	1.69%	-10.5%
MASI	Sell	Massimo Corporation	$2,537,000	-2.4%	10,746	-5.7%	1.56%	-2.9%
TYL	Sell	Tyler Technologies Inc	$2,516,000	-1.6%	7,219	-2.0%	1.55%	-2.1%
TDOC	Sell	Teladoc Health Inc.	$2,485,000	+3.2%	11,335	-10.1%	1.53%	+2.7%
TER	Sell	Teradyne	$2,039,000	-9.1%	25,655	-3.4%	1.25%	-9.6%
ABT	Sell	Abbott Labs	$1,990,000	+1.5%	18,285	-14.7%	1.22%	+1.0%
HD	Sell	Home Depot Inc	$1,913,000	-9.5%	6,889	-18.4%	1.18%	-10.0%
BRKB	Sell	Berkshire Hathaway Class B Newcl b new	$1,661,000	+8.2%	7,801	-9.3%	1.02%	+7.6%
CPRT	New	Copart Inc.	$1,658,000	–	15,770	–	1.02%	–
ABBV	Sell	Abbvie Inc	$1,195,000	-20.9%	13,647	-11.3%	0.74%	-21.3%
AMGN	Sell	Amgen Inc	$728,000	-16.6%	2,865	-22.6%	0.45%	-17.0%
VZ	Sell	Verizon Communications	$539,000	-20.9%	9,060	-26.6%	0.33%	-21.4%
CSCO	Sell	Cisco Systems Inc	$519,000	-27.6%	13,174	-14.3%	0.32%	-28.0%
PFE	Sell	Pfizer Inc Com	$469,000	-4.3%	12,782	-14.8%	0.29%	-5.0%
MDT	Sell	Medtronic Inc	$463,000	-1.7%	4,452	-13.4%	0.28%	-2.1%
PM	Sell	Philip Morris International	$448,000	-12.8%	5,969	-18.6%	0.28%	-13.5%
TROW	Sell	Price T Rowe Group Inc.	$435,000	-19.1%	3,391	-22.2%	0.27%	-19.8%
MO	Sell	Altria Group Inc	$278,000	-30.7%	7,197	-29.5%	0.17%	-31.0%
XOM	Sell	Exxon Mobil Corp	$255,000	-55.3%	7,414	-41.8%	0.16%	-55.4%
PEP	Sell	Pepsico Inc	$247,000	-39.2%	1,781	-41.9%	0.15%	-39.4%
VFC	Sell	V. F. Corporation	$215,000	-17.3%	3,067	-28.1%	0.13%	-18.0%
T	Sell	At&t Corp Com New	$177,000	-36.6%	6,216	-32.8%	0.11%	-36.6%
NVS	New	Novartis Ag Spon Adrsponsored adr	$177,000	–	2,039	–	0.11%	–
UL	Sell	Unilever Plcspon adr new	$153,000	-57.7%	2,485	-62.3%	0.09%	-58.0%
KO	New	Coca Cola Co	$140,000	–	2,841	–	0.09%	–
HON	New	Honeywell Inc	$121,000	–	733	–	0.07%	–
BMY	Sell	Bristol Myers Squibb Co	$116,000	-52.8%	1,920	-54.1%	0.07%	-53.3%
CVX	New	Chevron Texaco Corp	$103,000	–	1,437	–	0.06%	–
GS	New	Goldman Sachs Group Inc	$76,000	–	378	–	0.05%	–
MS	New	Morgan Stanley	$64,000	–	1,320	–	0.04%	–
EMR	New	Emerson Electric Co	$63,000	–	955	–	0.04%	–
BAC	New	Bank Of Amer Corp	$22,000	–	930	–	0.01%	–
COST	Exit	Costco	$0	–	-740	–	-0.14%	–
FIS	Exit	Fidelity National Informationn	$0	–	-21,402	–	-1.77%	–

Q2 2020

			Value		Shares		↓ Weighting
AAPL	New	Apple Computer Inc	$8,981,000	–	24,619	–	5.55%	–
MA	New	Mastercard Inc.cl a	$7,038,000	–	23,801	–	4.35%	–
JPM	New	JP Morgan Chase	$6,978,000	–	74,189	–	4.31%	–
AMZN	New	Amazon.Com	$6,169,000	–	2,236	–	3.81%	–
DHR	New	Danaher Corp	$6,167,000	–	34,876	–	3.81%	–
AMT	New	American Tower Corp	$5,951,000	–	23,018	–	3.68%	–
ROP	New	Roper Technologies	$5,646,000	–	14,541	–	3.49%	–
BLK	New	Blackrock Inc.	$4,028,000	–	7,404	–	2.49%	–
ECL	New	Ecolab Inc.	$3,989,000	–	20,049	–	2.47%	–
WST	New	West Pharmaceuticals Services	$3,857,000	–	16,979	–	2.38%	–
IDXX	New	Idexx Laboratories Inc	$3,731,000	–	11,300	–	2.31%	–
NFLX	New	Netflix, Inc	$3,640,000	–	8,000	–	2.25%	–
ILMN	New	Illumina Inc	$3,482,000	–	9,402	–	2.15%	–
MSFT	New	Microsoft Corp Com	$3,465,000	–	17,026	–	2.14%	–
CME	New	CME Group	$3,382,000	–	20,805	–	2.09%	–
AWK	New	American Water Works	$3,371,000	–	26,203	–	2.08%	–
GOOG	New	Alphabet Cl Ccap stk cl c	$3,338,000	–	2,361	–	2.06%	–
JNJ	New	Johnson & Johnson Com	$3,312,000	–	23,548	–	2.05%	–
V	New	Visa Inc.	$3,238,000	–	16,765	–	2.00%	–
EQIX	New	Equinix Inc	$3,139,000	–	4,470	–	1.94%	–
ZTS	New	Zoetis Inc.cl a	$3,133,000	–	22,865	–	1.94%	–
GOOGL	New	Alphabet Cl Acap stk cl a	$3,050,000	–	2,151	–	1.88%	–
FISV	New	Fiserv Inc Wis	$3,004,000	–	30,775	–	1.86%	–
FIS	New	Fidelity National Informationn	$2,870,000	–	21,402	–	1.77%	–
AME	New	Ametek Inc	$2,659,000	–	29,755	–	1.64%	–
MASI	New	Massimo Corporation	$2,599,000	–	11,401	–	1.61%	–
TYL	New	Tyler Technologies Inc	$2,556,000	–	7,369	–	1.58%	–
FICO	New	Fair Isaac Corp.	$2,531,000	–	6,054	–	1.56%	–
DOV	New	Dover Corp	$2,460,000	–	25,477	–	1.52%	–
PAYC	New	Paycom Software Inc	$2,428,000	–	7,840	–	1.50%	–
TDOC	New	Teladoc Health Inc.	$2,407,000	–	12,615	–	1.49%	–
TFX	New	Teleflex Incorporated	$2,279,000	–	6,260	–	1.41%	–
TER	New	Teradyne	$2,244,000	–	26,555	–	1.39%	–
HD	New	Home Depot Inc	$2,114,000	–	8,438	–	1.31%	–
MSCI	New	MSCI	$1,978,000	–	5,925	–	1.22%	–
ABT	New	Abbott Labs	$1,960,000	–	21,442	–	1.21%	–
MKTX	New	Marketaxess Holdings	$1,773,000	–	3,540	–	1.10%	–
MKL	New	Markel	$1,765,000	–	1,912	–	1.09%	–
BFAM	New	Bright Horizons Family	$1,698,000	–	14,490	–	1.05%	–
PG	New	Procter & Gamble Co	$1,686,000	–	14,100	–	1.04%	–
BRKB	New	Berkshire Hathaway Class B Newcl b new	$1,535,000	–	8,601	–	0.95%	–
ABBV	New	Abbvie Inc	$1,511,000	–	15,394	–	0.93%	–
HEI	New	Heico Corp.	$1,356,000	–	13,609	–	0.84%	–
STE	New	Steris Plc	$1,348,000	–	8,788	–	0.83%	–
TDY	New	Teledyne Inc	$1,121,000	–	3,605	–	0.69%	–
MMM	New	3m Co	$1,084,000	–	6,951	–	0.67%	–
TW	New	Trade Web Markets, Inc.cl a	$1,038,000	–	17,856	–	0.64%	–
RDSA	New	Royal Dutch Shell Class Aspons adr a	$967,000	–	29,582	–	0.60%	–
MRK	New	Merck & Co Inc New Com	$901,000	–	11,652	–	0.56%	–
AMGN	New	Amgen Inc	$873,000	–	3,701	–	0.54%	–
CSCO	New	Cisco Systems Inc	$717,000	–	15,374	–	0.44%	–
FRC	New	First Republic Bank San Franci	$710,000	–	6,698	–	0.44%	–
NKE	New	Nike Inccl b	$689,000	–	7,030	–	0.43%	–
VZ	New	Verizon Communications	$681,000	–	12,347	–	0.42%	–
XOM	New	Exxon Mobil Corp	$570,000	–	12,743	–	0.35%	–
TROW	New	Price T Rowe Group Inc.	$538,000	–	4,356	–	0.33%	–
PM	New	Philip Morris International	$514,000	–	7,337	–	0.32%	–
PFE	New	Pfizer Inc Com	$490,000	–	14,999	–	0.30%	–
MDT	New	Medtronic Inc	$471,000	–	5,138	–	0.29%	–
FB	New	Facebookcl a	$450,000	–	1,982	–	0.28%	–
PEP	New	Pepsico Inc	$406,000	–	3,067	–	0.25%	–
MO	New	Altria Group Inc	$401,000	–	10,211	–	0.25%	–
UL	New	Unilever Plcspon adr new	$362,000	–	6,588	–	0.22%	–
BKNG	New	Booking Hldgs Inc	$358,000	–	225	–	0.22%	–
CMCSA	New	Comcast Corp New Cl Acl a	$351,000	–	9,006	–	0.22%	–
GPC	New	Genuine Parts Co	$335,000	–	3,854	–	0.21%	–
TGT	New	Target Corp	$312,000	–	2,604	–	0.19%	–
DIS	New	Disney Walt Co Holding Co	$296,000	–	2,653	–	0.18%	–
T	New	At&t Corp Com New	$279,000	–	9,245	–	0.17%	–
INTC	New	Intel Corp	$273,000	–	4,557	–	0.17%	–
VFC	New	V. F. Corporation	$260,000	–	4,267	–	0.16%	–
BMY	New	Bristol Myers Squibb Co	$246,000	–	4,183	–	0.15%	–
COST	New	Costco	$224,000	–	740	–	0.14%	–

Q4 2019

			Value		Shares		↓ Weighting
BAC	Exit	Bank Of Amer Corp	$0	–	-930	–	-0.02%	–
WFC	Exit	Wells Fargo & Co New	$0	–	-1,988	–	-0.07%	–
PNC	Exit	Pnc Financial Services Group I	$0	–	-884	–	-0.08%	–
KO	Exit	Coca Cola Co	$0	–	-2,841	–	-0.10%	–
NVS	Exit	Novartis Ag Spon Adrsponsored adr	$0	–	-2,039	–	-0.12%	–
EMR	Exit	Emerson Electric Co	$0	–	-2,733	–	-0.12%	–
BMY	Exit	Bristol Myers Squibb Co	$0	–	-4,183	–	-0.14%	–
AXP	Exit	American Express	$0	–	-1,800	–	-0.14%	–
COST	Exit	Costco	$0	–	-740	–	-0.14%	–
INTC	Exit	Intel Corp	$0	–	-4,557	–	-0.16%	–
T	Exit	At&t Corp Com New	$0	–	-6,636	–	-0.16%	–
CVX	Exit	Chevron Texaco Corp	$0	–	-2,170	–	-0.17%	–
HEI	Exit	Heico Corp.	$0	–	-2,105	–	-0.17%	–
TGT	Exit	Target Corp	$0	–	-2,623	–	-0.18%	–
BRKA	Exit	Berkshire Hathaway Class Acl a	$0	–	-1	–	-0.20%	–
TDY	Exit	Teledyne Inc	$0	–	-965	–	-0.20%	–
DIS	Exit	Disney Walt Co Holding Co	$0	–	-2,848	–	-0.24%	–
VFC	Exit	V. F. Corporation	$0	–	-4,267	–	-0.25%	–
GPC	Exit	Genuine Parts Co	$0	–	-3,854	–	-0.25%	–
CMCSA	Exit	Comcast Corp New Cl Acl a	$0	–	-9,006	–	-0.27%	–
UTX	Exit	United Technologies Corp	$0	–	-3,100	–	-0.28%	–
PEP	Exit	Pepsico Inc	$0	–	-3,077	–	-0.28%	–
BKNG	Exit	Booking Hldgs Inc	$0	–	-225	–	-0.29%	–
UL	Exit	Unilever Plcspon adr new	$0	–	-7,637	–	-0.30%	–
MO	Exit	Altria Group Inc	$0	–	-11,649	–	-0.31%	–
TROW	Exit	Price T Rowe Group Inc.	$0	–	-4,356	–	-0.33%	–
MDT	Exit	Medtronic Inc	$0	–	-4,653	–	-0.33%	–
FB	Exit	Facebookcl a	$0	–	-2,927	–	-0.34%	–
PFE	Exit	Pfizer Inc Com	$0	–	-16,499	–	-0.39%	–
PM	Exit	Philip Morris International	$0	–	-7,950	–	-0.40%	–
TW	Exit	Trade Web Markets, Inc.cl a	$0	–	-16,776	–	-0.41%	–
NKE	Exit	Nike Inccl b	$0	–	-7,030	–	-0.43%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-14,449	–	-0.47%	–
AMGN	Exit	Amgen Inc	$0	–	-3,701	–	-0.47%	–
VZ	Exit	Verizon Communications	$0	–	-12,347	–	-0.49%	–
TDOC	Exit	Teladoc Health Inc.	$0	–	-12,895	–	-0.57%	–
MRK	Exit	Merck & Co Inc New Com	$0	–	-11,652	–	-0.64%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-14,652	–	-0.68%	–
MMM	Exit	3m Co	$0	–	-7,012	–	-0.76%	–
ABBV	Exit	Abbvie Inc	$0	–	-15,450	–	-0.77%	–
STE	Exit	Steris Plc	$0	–	-9,220	–	-0.88%	–
XYL	Exit	XYLEM Inc.	$0	–	-17,695	–	-0.93%	–
TER	Exit	Teradyne	$0	–	-29,546	–	-1.13%	–
RDSA	Exit	Royal Dutch Shell Class Aspons adr a	$0	–	-29,582	–	-1.14%	–
FICO	Exit	Fair Isaac Corp.	$0	–	-6,045	–	-1.21%	–
ABT	Exit	Abbott Labs	$0	–	-22,176	–	-1.22%	–
PG	Exit	Procter & Gamble Co	$0	–	-15,364	–	-1.26%	–
BRKB	Exit	Berkshire Hathaway Class B Newcl b new	$0	–	-9,226	–	-1.26%	–
HD	Exit	Home Depot Inc	$0	–	-8,290	–	-1.26%	–
MASI	Exit	Massimo Corporation	$0	–	-12,950	–	-1.27%	–
TYL	Exit	Tyler Technologies Inc	$0	–	-8,009	–	-1.38%	–
BFAM	Exit	Bright Horizons Family	$0	–	-14,640	–	-1.47%	–
MKL	Exit	Markel	$0	–	-1,920	–	-1.49%	–
TFX	Exit	Teleflex Incorporated	$0	–	-6,935	–	-1.55%	–
MSFT	Exit	Microsoft Corp Com	$0	–	-17,526	–	-1.60%	–
NFLX	Exit	Netflix, Inc	$0	–	-9,125	–	-1.61%	–
DOV	Exit	Dover Corp	$0	–	-26,502	–	-1.74%	–
EQIX	Exit	Equinix Inc	$0	–	-4,935	–	-1.87%	–
GOOGL	Exit	Alphabet Cl Acap stk cl a	$0	–	-2,432	–	-1.95%	–
WST	Exit	West Pharmaceuticals Services	$0	–	-21,279	–	-1.99%	–
JNJ	Exit	Johnson & Johnson Com	$0	–	-23,823	–	-2.03%	–
AME	Exit	Ametek Inc	$0	–	-33,925	–	-2.05%	–
GOOG	Exit	Alphabet Cl Ccap stk cl c	$0	–	-2,596	–	-2.08%	–
ILMN	Exit	Illumina Inc	$0	–	-10,417	–	-2.08%	–
ZTS	Exit	Zoetis Inc.cl a	$0	–	-25,630	–	-2.10%	–
V	Exit	Visa Inc.	$0	–	-20,000	–	-2.26%	–
FISV	Exit	Fiserv Inc Wis	$0	–	-33,225	–	-2.26%	–
BLK	Exit	Blackrock Inc.	$0	–	-7,771	–	-2.28%	–
AWK	Exit	American Water Works	$0	–	-27,905	–	-2.28%	–
IDXX	Exit	Idexx Laboratories Inc	$0	–	-14,570	–	-2.61%	–
ECL	Exit	Ecolab Inc.	$0	–	-21,292	–	-2.77%	–
FRC	Exit	First Republic Bank San Franci	$0	–	-44,571	–	-2.84%	–
AMZN	Exit	Amazon.Com	$0	–	-2,561	–	-2.92%	–
CME	Exit	CME Group	$0	–	-21,968	–	-3.06%	–
DHR	Exit	Danaher Corp	$0	–	-37,364	–	-3.55%	–
ROP	Exit	Roper Technologies	$0	–	-15,557	–	-3.65%	–
AAPL	Exit	Apple Computer Inc	$0	–	-24,915	–	-3.67%	–
AMT	Exit	American Tower Corp	$0	–	-28,550	–	-4.15%	–
MA	Exit	Mastercard Inc.cl a	$0	–	-28,184	–	-5.04%	–
JPM	Exit	JP Morgan Chase	$0	–	-76,947	–	-5.96%	–

Q3 2019

			Value		Shares		↓ Weighting
MA	Sell	Mastercard Inc.cl a	$7,654,000	-0.3%	28,184	-2.8%	5.04%	+2.5%
AMT	Sell	American Tower Corp	$6,313,000	+5.0%	28,550	-2.9%	4.15%	+7.9%
AAPL	Sell	Apple Computer Inc	$5,580,000	+10.7%	24,915	-2.2%	3.67%	+13.8%
ROP	Sell	Roper Technologies	$5,548,000	-4.0%	15,557	-1.4%	3.65%	-1.3%
DHR	Sell	Danaher Corp	$5,396,000	-0.8%	37,364	-1.8%	3.55%	+1.9%
CME	Buy	CME Group	$4,643,000	+9.6%	21,968	+0.7%	3.06%	+12.6%
AMZN	Buy	Amazon.Com	$4,446,000	-7.5%	2,561	+0.9%	2.92%	-5.0%
FRC	Buy	First Republic Bank San Franci	$4,310,000	-0.7%	44,571	+0.2%	2.84%	+2.0%
ECL	Sell	Ecolab Inc.	$4,217,000	-4.0%	21,292	-4.3%	2.77%	-1.4%
AWK	Sell	American Water Works	$3,467,000	-0.5%	27,905	-7.2%	2.28%	+2.2%
BLK	Buy	Blackrock Inc.	$3,463,000	-2.9%	7,771	+2.3%	2.28%	-0.2%
FISV	Buy	Fiserv Inc Wis	$3,442,000	+14.0%	33,225	+0.3%	2.26%	+17.1%
V	Buy	Visa Inc.	$3,440,000	-0.6%	20,000	+0.3%	2.26%	+2.1%
ZTS	Sell	Zoetis Inc.cl a	$3,193,000	+8.7%	25,630	-1.0%	2.10%	+11.7%
ILMN	Buy	Illumina Inc	$3,169,000	-16.5%	10,417	+1.1%	2.08%	-14.2%
GOOG	Sell	Alphabet Cl Ccap stk cl c	$3,165,000	+8.6%	2,596	-3.7%	2.08%	+11.6%
GOOGL	Sell	Alphabet Cl Acap stk cl a	$2,970,000	+11.2%	2,432	-1.4%	1.95%	+14.3%
DOV	Buy	Dover Corp	$2,639,000	+0.6%	26,502	+1.2%	1.74%	+3.3%
NFLX	Buy	Netflix, Inc	$2,442,000	-25.0%	9,125	+2.9%	1.61%	-23.0%
MSFT	Buy	Microsoft Corp Com	$2,437,000	+6.8%	17,526	+2.9%	1.60%	+9.7%
TFX	Sell	Teleflex Incorporated	$2,356,000	+1.5%	6,935	-1.1%	1.55%	+4.3%
MKL	Buy	Markel	$2,269,000	+9.8%	1,920	+1.2%	1.49%	+12.8%
TYL	Buy	Tyler Technologies Inc	$2,102,000	+27.5%	8,009	+5.0%	1.38%	+31.1%
MASI	Buy	Massimo Corporation	$1,927,000	+0.5%	12,950	+0.5%	1.27%	+3.3%
BRKB	Sell	Berkshire Hathaway Class B Newcl b new	$1,919,000	-3.7%	9,226	-1.3%	1.26%	-1.0%
FICO	Buy	Fair Isaac Corp.	$1,835,000	+9.7%	6,045	+13.5%	1.21%	+12.7%
XYL	Sell	XYLEM Inc.	$1,409,000	-5.3%	17,695	-0.6%	0.93%	-2.7%
STE	Buy	Steris Plc	$1,332,000	-0.7%	9,220	+2.4%	0.88%	+2.0%
XOM	Sell	Exxon Mobil Corp	$1,035,000	-9.5%	14,652	-1.8%	0.68%	-7.0%
TW	New	Trade Web Markets, Inc.cl a	$620,000	–	16,776	–	0.41%	–
PM	Sell	Philip Morris International	$604,000	-12.7%	7,950	-9.8%	0.40%	-10.4%
PFE	Sell	Pfizer Inc Com	$593,000	-33.9%	16,499	-20.3%	0.39%	-32.1%
MDT	Buy	Medtronic Inc	$505,000	+13.7%	4,653	+2.0%	0.33%	+16.9%
VFC	Sell	V. F. Corporation	$380,000	+1.1%	4,267	-0.9%	0.25%	+3.7%
TDY	New	Teledyne Inc	$311,000	–	965	–	0.20%	–
HEI	New	Heico Corp.	$263,000	–	2,105	–	0.17%	–
T	Buy	At&t Corp Com New	$251,000	+42.6%	6,636	+26.5%	0.16%	+46.0%
COST	New	Costco	$213,000	–	740	–	0.14%	–
EMR	Sell	Emerson Electric Co	$183,000	-19.0%	2,733	-19.1%	0.12%	-17.2%
KO	Sell	Coca Cola Co	$155,000	-4.9%	2,841	-11.5%	0.10%	-1.9%
VAR	Exit	Varian Medical Systems	$0	–	-1,600	–	-0.14%	–
BX	Exit	Blackstone Group LP	$0	–	-6,371	–	-0.18%	–
IBDN	Exit	ETF Ishares TR 2022 Term Corpibonds dec22 etf	$0	–	-32,425	–	-0.52%	–
IBDP	Exit	ETF Ishares Tr Dec 2024 Termibonds dec24 etf	$0	–	-34,000	–	-0.55%	–
IBDO	Exit	ISHARES TR DEC 2023 Term Coibonds dec23 etf	$0	–	-43,600	–	-0.71%	–
ALGN	Exit	Align Technology, Inc.	$0	–	-4,685	–	-0.82%	–
WP	Exit	Worldpay Inc.cl a	$0	–	-24,741	–	-1.94%	–

Q2 2019

			Value		Shares		↓ Weighting
JPM	New	JP Morgan Chase	$8,603,000	–	76,947	–	5.51%	–
MA	New	Mastercard Inc.cl a	$7,674,000	–	29,009	–	4.91%	–
AMT	New	American Tower Corp	$6,011,000	–	29,400	–	3.85%	–
ROP	New	Roper Technologies	$5,777,000	–	15,772	–	3.70%	–
DHR	New	Danaher Corp	$5,440,000	–	38,064	–	3.48%	–
AAPL	New	Apple Computer Inc	$5,040,000	–	25,465	–	3.23%	–
AMZN	New	Amazon.Com	$4,808,000	–	2,539	–	3.08%	–
ECL	New	Ecolab Inc.	$4,391,000	–	22,241	–	2.81%	–
FRC	New	First Republic Bank San Franci	$4,342,000	–	44,465	–	2.78%	–
CME	New	CME Group	$4,235,000	–	21,815	–	2.71%	–
IDXX	New	Idexx Laboratories Inc	$4,012,000	–	14,570	–	2.57%	–
ILMN	New	Illumina Inc	$3,793,000	–	10,302	–	2.43%	–
BLK	New	Blackrock Inc.	$3,566,000	–	7,599	–	2.28%	–
AWK	New	American Water Works	$3,486,000	–	30,055	–	2.23%	–
V	New	Visa Inc.	$3,462,000	–	19,946	–	2.22%	–
JNJ	New	Johnson & Johnson Com	$3,318,000	–	23,823	–	2.12%	–
NFLX	New	Netflix, Inc	$3,258,000	–	8,870	–	2.09%	–
AME	New	Ametek Inc	$3,082,000	–	33,925	–	1.97%	–
WP	New	Worldpay Inc.cl a	$3,032,000	–	24,741	–	1.94%	–
FISV	New	Fiserv Inc Wis	$3,020,000	–	33,131	–	1.93%	–
ZTS	New	Zoetis Inc.cl a	$2,937,000	–	25,880	–	1.88%	–
GOOG	New	Alphabet Cl Ccap stk cl c	$2,914,000	–	2,696	–	1.87%	–
GOOGL	New	Alphabet Cl Acap stk cl a	$2,670,000	–	2,466	–	1.71%	–
WST	New	West Pharmaceuticals Services	$2,663,000	–	21,279	–	1.70%	–
DOV	New	Dover Corp	$2,624,000	–	26,183	–	1.68%	–
EQIX	New	Equinix Inc	$2,489,000	–	4,935	–	1.59%	–
TFX	New	Teleflex Incorporated	$2,321,000	–	7,010	–	1.49%	–
MSFT	New	Microsoft Corp Com	$2,281,000	–	17,029	–	1.46%	–
BFAM	New	Bright Horizons Family	$2,209,000	–	14,640	–	1.41%	–
MKL	New	Markel	$2,067,000	–	1,897	–	1.32%	–
BRKB	New	Berkshire Hathaway Class B Newcl b new	$1,992,000	–	9,344	–	1.28%	–
RDSA	New	Royal Dutch Shell Class Aspons adr a	$1,925,000	–	29,582	–	1.23%	–
MASI	New	Massimo Corporation	$1,917,000	–	12,884	–	1.23%	–
ABT	New	Abbott Labs	$1,865,000	–	22,176	–	1.19%	–
HD	New	Home Depot Inc	$1,724,000	–	8,290	–	1.10%	–
PG	New	Procter & Gamble Co	$1,685,000	–	15,364	–	1.08%	–
FICO	New	Fair Isaac Corp.	$1,672,000	–	5,325	–	1.07%	–
TYL	New	Tyler Technologies Inc	$1,648,000	–	7,630	–	1.06%	–
XYL	New	XYLEM Inc.	$1,488,000	–	17,795	–	0.95%	–
TER	New	Teradyne	$1,416,000	–	29,546	–	0.91%	–
STE	New	Steris Plc	$1,341,000	–	9,004	–	0.86%	–
ALGN	New	Align Technology, Inc.	$1,282,000	–	4,685	–	0.82%	–
MMM	New	3m Co	$1,215,000	–	7,012	–	0.78%	–
XOM	New	Exxon Mobil Corp	$1,144,000	–	14,928	–	0.73%	–
ABBV	New	Abbvie Inc	$1,124,000	–	15,450	–	0.72%	–
IBDO	New	ISHARES TR DEC 2023 Term Coibonds dec23 etf	$1,108,000	–	43,600	–	0.71%	–
MRK	New	Merck & Co Inc New Com	$977,000	–	11,652	–	0.63%	–
PFE	New	Pfizer Inc Com	$897,000	–	20,700	–	0.57%	–
IBDP	New	ETF Ishares Tr Dec 2024 Termibonds dec24 etf	$866,000	–	34,000	–	0.55%	–
TDOC	New	Teladoc Health Inc.	$856,000	–	12,895	–	0.55%	–
IBDN	New	ETF Ishares TR 2022 Term Corpibonds dec22 etf	$818,000	–	32,425	–	0.52%	–
CSCO	New	Cisco Systems Inc	$791,000	–	14,449	–	0.51%	–
VZ	New	Verizon Communications	$705,000	–	12,347	–	0.45%	–
PM	New	Philip Morris International	$692,000	–	8,813	–	0.44%	–
AMGN	New	Amgen Inc	$682,000	–	3,701	–	0.44%	–
NKE	New	Nike Inccl b	$590,000	–	7,030	–	0.38%	–
FB	New	Facebookcl a	$565,000	–	2,927	–	0.36%	–
MO	New	Altria Group Inc	$552,000	–	11,649	–	0.35%	–
TROW	New	Price T Rowe Group Inc.	$478,000	–	4,356	–	0.31%	–
UL	New	Unilever Plcspon adr new	$473,000	–	7,637	–	0.30%	–
MDT	New	Medtronic Inc	$444,000	–	4,560	–	0.28%	–
BKNG	New	Booking Hldgs Inc	$422,000	–	225	–	0.27%	–
UTX	New	United Technologies Corp	$404,000	–	3,100	–	0.26%	–
PEP	New	Pepsico Inc	$403,000	–	3,077	–	0.26%	–
GPC	New	Genuine Parts Co	$399,000	–	3,854	–	0.26%	–
DIS	New	Disney Walt Co Holding Co	$398,000	–	2,848	–	0.26%	–
CMCSA	New	Comcast Corp New Cl Acl a	$381,000	–	9,006	–	0.24%	–
VFC	New	V. F. Corporation	$376,000	–	4,307	–	0.24%	–
BRKA	New	Berkshire Hathaway Class Acl a	$318,000	–	1	–	0.20%	–
BX	New	Blackstone Group LP	$283,000	–	6,371	–	0.18%	–
CVX	New	Chevron Texaco Corp	$270,000	–	2,170	–	0.17%	–
TGT	New	Target Corp	$227,000	–	2,623	–	0.14%	–
EMR	New	Emerson Electric Co	$226,000	–	3,380	–	0.14%	–
AXP	New	American Express	$222,000	–	1,800	–	0.14%	–
INTC	New	Intel Corp	$218,000	–	4,557	–	0.14%	–
VAR	New	Varian Medical Systems	$218,000	–	1,600	–	0.14%	–
BMY	New	Bristol Myers Squibb Co	$190,000	–	4,183	–	0.12%	–
NVS	New	Novartis Ag Spon Adrsponsored adr	$186,000	–	2,039	–	0.12%	–
T	New	At&t Corp Com New	$176,000	–	5,246	–	0.11%	–
KO	New	Coca Cola Co	$163,000	–	3,210	–	0.10%	–
PNC	New	Pnc Financial Services Group I	$121,000	–	884	–	0.08%	–
WFC	New	Wells Fargo & Co New	$94,000	–	1,988	–	0.06%	–
BAC	New	Bank Of Amer Corp	$27,000	–	930	–	0.02%	–

Q4 2018

			Value		Shares		↓ Weighting
MS	Exit	Morgan Stanley	$0	–	-1,320	–	-0.04%	–
HAL	Exit	Halliburton Co	$0	–	-2,156	–	-0.06%	–
BAC	Exit	Bank Of Amer Corp	$0	–	-4,365	–	-0.08%	–
WFC	Exit	Wells Fargo & Co New	$0	–	-2,523	–	-0.09%	–
GS	Exit	Goldman Sachs Group Inc	$0	–	-728	–	-0.11%	–
NVS	Exit	Novartis Ag Spon Adrsponsored adr	$0	–	-2,339	–	-0.13%	–
KO	Exit	Coca Cola Co	$0	–	-4,810	–	-0.15%	–
INTC	Exit	Intel Corp	$0	–	-4,757	–	-0.15%	–
IBM	Exit	Intl Business Mach	$0	–	-1,500	–	-0.15%	–
GIS	Exit	General Mills	$0	–	-5,363	–	-0.15%	–
PNC	Exit	Pnc Financial Services Group I	$0	–	-1,928	–	-0.17%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-6,449	–	-0.21%	–
CMCSA	Exit	Comcast Corp New Cl Acl a	$0	–	-9,006	–	-0.21%	–
BX	Exit	Blackstone Group LP	$0	–	-8,371	–	-0.21%	–
BRKA	Exit	Berkshire Hathaway Class Acl a	$0	–	-1	–	-0.21%	–
PEP	Exit	Pepsico Inc	$0	–	-3,217	–	-0.24%	–
EMR	Exit	Emerson Electric Co	$0	–	-4,892	–	-0.25%	–
DIS	Exit	Disney Walt Co Holding Co	$0	–	-3,257	–	-0.25%	–
GPC	Exit	Genuine Parts Co	$0	–	-3,854	–	-0.25%	–
CVX	Exit	Chevron Texaco Corp	$0	–	-3,436	–	-0.28%	–
TGT	Exit	Target Corp	$0	–	-4,790	–	-0.28%	–
UTX	Exit	United Technologies Corp	$0	–	-3,100	–	-0.28%	–
BMY	Exit	Bristol Myers Squibb Co	$0	–	-6,983	–	-0.28%	–
MDT	Exit	Medtronic Inc	$0	–	-4,417	–	-0.29%	–
TROW	Exit	Price T Rowe Group Inc.	$0	–	-4,356	–	-0.31%	–
UL	Exit	Unilever Plcspon adr new	$0	–	-8,814	–	-0.32%	–
T	Exit	At&t Corp Com New	$0	–	-14,576	–	-0.32%	–
NKE	Exit	Nike Inccl b	$0	–	-7,130	–	-0.40%	–
VZ	Exit	Verizon Communications	$0	–	-12,347	–	-0.43%	–
AMGN	Exit	Amgen Inc	$0	–	-3,913	–	-0.53%	–
PFE	Exit	Pfizer Inc Com	$0	–	-20,950	–	-0.61%	–
MRK	Exit	Merck & Co Inc New Com	$0	–	-13,440	–	-0.63%	–
VFC	Exit	V. F. Corporation	$0	–	-10,407	–	-0.64%	–
BRKB	Exit	Berkshire Hathaway Class B Newcl b new	$0	–	-5,119	–	-0.72%	–
PM	Exit	Philip Morris International	$0	–	-13,817	–	-0.74%	–
MO	Exit	Altria Group Inc	$0	–	-18,751	–	-0.74%	–
PG	Exit	Procter & Gamble Co	$0	–	-16,374	–	-0.90%	–
XYL	Exit	XYLEM Inc.	$0	–	-17,835	–	-0.94%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-17,267	–	-0.96%	–
MMM	Exit	3m Co	$0	–	-7,062	–	-0.98%	–
ABBV	Exit	Abbvie Inc	$0	–	-15,920	–	-0.99%	–
TER	Exit	Teradyne	$0	–	-41,106	–	-1.00%	–
MASI	Exit	Massimo Corporation	$0	–	-12,834	–	-1.05%	–
ABT	Exit	Abbott Labs	$0	–	-22,843	–	-1.10%	–
BFAM	Exit	Bright Horizons Family	$0	–	-14,540	–	-1.12%	–
HD	Exit	Home Depot Inc	$0	–	-8,686	–	-1.18%	–
ZAYO	Exit	Zayo Group Holdings Inc.	$0	–	-52,425	–	-1.20%	–
TFX	Exit	Teleflex Incorporated	$0	–	-7,035	–	-1.23%	–
MSFT	Exit	Microsoft Corp Com	$0	–	-16,569	–	-1.24%	–
RDSA	Exit	Royal Dutch Shell Class Aspons adr a	$0	–	-29,582	–	-1.32%	–
EQIX	Exit	Equinix Inc	$0	–	-4,935	–	-1.40%	–
MKL	Exit	Markel	$0	–	-1,887	–	-1.47%	–
DOV	Exit	Dover Corp	$0	–	-26,255	–	-1.53%	–
FB	Exit	Facebookcl a	$0	–	-14,510	–	-1.57%	–
CXO	Exit	Concho Resources Inc	$0	–	-15,829	–	-1.59%	–
ZTS	Exit	Zoetis Inc.cl a	$0	–	-26,430	–	-1.59%	–
WP	Exit	Worldpay Inc.cl a	$0	–	-24,741	–	-1.65%	–
BKNG	Exit	Booking Hldgs Inc	$0	–	-1,280	–	-1.67%	–
FISV	Exit	Fiserv Inc Wis	$0	–	-31,584	–	-1.71%	–
WST	Exit	West Pharmaceuticals Services	$0	–	-21,254	–	-1.72%	–
AME	Exit	Ametek Inc	$0	–	-34,505	–	-1.79%	–
AWK	Exit	American Water Works	$0	–	-31,045	–	-1.79%	–
GOOGL	Exit	Alphabet Cl Acap stk cl a	$0	–	-2,431	–	-1.93%	–
AAPL	Exit	Apple Computer Inc	$0	–	-13,303	–	-1.97%	–
GOOG	Exit	Alphabet Cl Ccap stk cl c	$0	–	-2,764	–	-2.17%	–
JNJ	Exit	Johnson & Johnson Com	$0	–	-24,405	–	-2.22%	–
V	Exit	Visa Inc.	$0	–	-22,748	–	-2.24%	–
NFLX	Exit	Netflix, Inc	$0	–	-9,159	–	-2.25%	–
BLK	Exit	Blackrock Inc.	$0	–	-7,508	–	-2.32%	–
ECL	Exit	Ecolab Inc.	$0	–	-22,865	–	-2.36%	–
IDXX	Exit	Idexx Laboratories Inc	$0	–	-15,185	–	-2.49%	–
ILMN	Exit	Illumina Inc	$0	–	-10,755	–	-2.59%	–
ALGN	Exit	Align Technology, Inc.	$0	–	-10,440	–	-2.68%	–
FRC	Exit	First Republic Bank San Franci	$0	–	-44,149	–	-2.78%	–
DHR	Exit	Danaher Corp	$0	–	-40,891	–	-2.92%	–
CME	Exit	CME Group	$0	–	-26,324	–	-2.94%	–
AMT	Exit	American Tower Corp	$0	–	-32,141	–	-3.07%	–
ROP	Exit	Roper Technologies	$0	–	-16,933	–	-3.30%	–
AMZN	Exit	Amazon.Com	$0	–	-2,642	–	-3.48%	–
MA	Exit	Mastercard Inc.cl a	$0	–	-32,451	–	-4.75%	–
JPM	Exit	JP Morgan Chase	$0	–	-80,255	–	-5.95%	–

Q3 2018

			Value		Shares		↓ Weighting
JPM	Buy	JP Morgan Chase	$9,056,000	+8.5%	80,255	+0.2%	5.95%	+1.0%
MA	Sell	Mastercard Inc.cl a	$7,224,000	+9.9%	32,451	-3.0%	4.75%	+2.4%
AMZN	Sell	Amazon.Com	$5,292,000	+15.0%	2,642	-2.4%	3.48%	+7.1%
ROP	Sell	Roper Technologies	$5,016,000	+6.9%	16,933	-0.4%	3.30%	-0.4%
AMT	Sell	American Tower Corp	$4,670,000	-2.6%	32,141	-3.3%	3.07%	-9.3%
CME	Buy	CME Group	$4,481,000	+4.0%	26,324	+0.1%	2.94%	-3.1%
DHR	Buy	Danaher Corp	$4,443,000	+10.3%	40,891	+0.2%	2.92%	+2.7%
FRC	Buy	First Republic Bank San Franci	$4,238,000	-0.7%	44,149	+0.1%	2.78%	-7.5%
ALGN	Sell	Align Technology, Inc.	$4,084,000	+10.1%	10,440	-3.7%	2.68%	+2.5%
ILMN	Sell	Illumina Inc	$3,948,000	+22.6%	10,755	-6.7%	2.59%	+14.2%
IDXX	Sell	Idexx Laboratories Inc	$3,791,000	+12.5%	15,185	-1.8%	2.49%	+4.7%
ECL	Sell	Ecolab Inc.	$3,585,000	+11.5%	22,865	-0.2%	2.36%	+3.9%
BLK	Buy	Blackrock Inc.	$3,539,000	-5.2%	7,508	+0.4%	2.32%	-11.7%
JNJ	Buy	Johnson & Johnson Com	$3,372,000	+15.4%	24,405	+1.4%	2.22%	+7.5%
AAPL	Buy	Apple Computer Inc	$3,003,000	+23.0%	13,303	+0.9%	1.97%	+14.6%
AWK	Sell	American Water Works	$2,731,000	+2.5%	31,045	-0.5%	1.79%	-4.6%
AME	Buy	Ametek Inc	$2,730,000	+9.8%	34,505	+0.2%	1.79%	+2.2%
WST	Buy	West Pharmaceuticals Services	$2,624,000	+24.8%	21,254	+0.4%	1.72%	+16.3%
FISV	Buy	Fiserv Inc Wis	$2,602,000	+11.7%	31,584	+0.4%	1.71%	+4.0%
ZTS	Buy	Zoetis Inc.cl a	$2,420,000	+7.8%	26,430	+0.3%	1.59%	+0.4%
CXO	Buy	Concho Resources Inc	$2,418,000	+10.9%	15,829	+0.4%	1.59%	+3.3%
FB	Sell	Facebookcl a	$2,386,000	-42.7%	14,510	-32.3%	1.57%	-46.6%
DOV	Buy	Dover Corp	$2,324,000	+21.7%	26,255	+0.7%	1.53%	+13.4%
MKL	Buy	Markel	$2,243,000	+10.3%	1,887	+0.6%	1.47%	+2.8%
EQIX	Sell	Equinix Inc	$2,136,000	+0.5%	4,935	-0.2%	1.40%	-6.5%
MSFT	Buy	Microsoft Corp Com	$1,895,000	+17.0%	16,569	+0.9%	1.24%	+9.0%
TFX	Buy	Teleflex Incorporated	$1,872,000	+0.6%	7,035	+1.4%	1.23%	-6.2%
ZAYO	Buy	Zayo Group Holdings Inc.	$1,820,000	-4.2%	52,425	+0.7%	1.20%	-10.7%
HD	Buy	Home Depot Inc	$1,799,000	+8.6%	8,686	+2.4%	1.18%	+1.2%
BFAM	Buy	Bright Horizons Family	$1,713,000	+58.3%	14,540	+37.8%	1.12%	+47.4%
ABT	Buy	Abbott Labs	$1,676,000	+22.4%	22,843	+1.7%	1.10%	+14.0%
MASI	Buy	Massimo Corporation	$1,598,000	+33.1%	12,834	+4.4%	1.05%	+24.0%
TER	Sell	Teradyne	$1,520,000	-3.4%	41,106	-0.6%	1.00%	-10.0%
ABBV	Buy	Abbvie Inc	$1,506,000	+4.7%	15,920	+2.5%	0.99%	-2.6%
MMM	Buy	3m Co	$1,488,000	+10.2%	7,062	+2.9%	0.98%	+2.7%
XOM	Sell	Exxon Mobil Corp	$1,468,000	+2.4%	17,267	-0.4%	0.96%	-4.6%
XYL	Buy	XYLEM Inc.	$1,424,000	+19.5%	17,835	+0.8%	0.94%	+11.2%
BRKB	Buy	Berkshire Hathaway Class B Newcl b new	$1,096,000	+17.6%	5,119	+2.5%	0.72%	+9.6%
AMGN	Sell	Amgen Inc	$811,000	+11.6%	3,913	-0.7%	0.53%	+3.9%
NKE	Buy	Nike Inccl b	$604,000	+12.7%	7,130	+5.9%	0.40%	+5.0%
BMY	Sell	Bristol Myers Squibb Co	$434,000	+6.1%	6,983	-5.4%	0.28%	-1.0%
DIS	Buy	Disney Walt Co Holding Co	$381,000	+15.1%	3,257	+3.2%	0.25%	+7.3%
PEP	Buy	Pepsico Inc	$360,000	+8.8%	3,217	+5.9%	0.24%	+1.7%
CSCO	Buy	Cisco Systems Inc	$314,000	+16.7%	6,449	+3.2%	0.21%	+8.4%
INTC	Sell	Intel Corp	$225,000	-13.5%	4,757	-9.2%	0.15%	-19.1%

Q2 2018

			Value		Shares		↓ Weighting
JPM	New	JP Morgan Chase	$8,348,000	–	80,110	–	5.89%	–
MA	New	Mastercard Inc.cl a	$6,574,000	–	33,451	–	4.64%	–
AMT	New	American Tower Corp	$4,793,000	–	33,246	–	3.38%	–
ROP	New	Roper Technologies	$4,691,000	–	17,003	–	3.31%	–
AMZN	New	Amazon.Com	$4,601,000	–	2,707	–	3.24%	–
CME	New	CME Group	$4,309,000	–	26,289	–	3.04%	–
FRC	New	First Republic Bank San Franci	$4,268,000	–	44,099	–	3.01%	–
FB	New	Facebookcl a	$4,162,000	–	21,420	–	2.94%	–
DHR	New	Danaher Corp	$4,028,000	–	40,821	–	2.84%	–
BLK	New	Blackrock Inc.	$3,732,000	–	7,478	–	2.63%	–
ALGN	New	Align Technology, Inc.	$3,711,000	–	10,845	–	2.62%	–
NFLX	New	Netflix, Inc	$3,585,000	–	9,159	–	2.53%	–
IDXX	New	Idexx Laboratories Inc	$3,371,000	–	15,469	–	2.38%	–
ILMN	New	Illumina Inc	$3,220,000	–	11,529	–	2.27%	–
ECL	New	Ecolab Inc.	$3,214,000	–	22,903	–	2.27%	–
GOOG	New	Alphabet Cl Ccap stk cl c	$3,084,000	–	2,764	–	2.18%	–
V	New	Visa Inc.	$3,013,000	–	22,748	–	2.12%	–
JNJ	New	Johnson & Johnson Com	$2,921,000	–	24,070	–	2.06%	–
GOOGL	New	Alphabet Cl Acap stk cl a	$2,745,000	–	2,431	–	1.94%	–
AWK	New	American Water Works	$2,665,000	–	31,215	–	1.88%	–
BKNG	New	Booking Hldgs Inc	$2,595,000	–	1,280	–	1.83%	–
AME	New	Ametek Inc	$2,486,000	–	34,445	–	1.75%	–
AAPL	New	Apple Computer Inc	$2,441,000	–	13,189	–	1.72%	–
FISV	New	Fiserv Inc Wis	$2,330,000	–	31,454	–	1.64%	–
ZTS	New	Zoetis Inc.cl a	$2,245,000	–	26,355	–	1.58%	–
CXO	New	Concho Resources Inc	$2,180,000	–	15,759	–	1.54%	–
EQIX	New	Equinix Inc	$2,126,000	–	4,945	–	1.50%	–
WST	New	West Pharmaceuticals Services	$2,103,000	–	21,179	–	1.48%	–
RDSA	New	Royal Dutch Shell Class Aspons adr a	$2,048,000	–	29,582	–	1.44%	–
MKL	New	Markel	$2,033,000	–	1,875	–	1.43%	–
WP	New	Worldpay Inc.cl a	$2,023,000	–	24,741	–	1.43%	–
DOV	New	Dover Corp	$1,909,000	–	26,080	–	1.35%	–
ZAYO	New	Zayo Group Holdings Inc.	$1,900,000	–	52,075	–	1.34%	–
TFX	New	Teleflex Incorporated	$1,860,000	–	6,935	–	1.31%	–
HD	New	Home Depot Inc	$1,656,000	–	8,486	–	1.17%	–
MSFT	New	Microsoft Corp Com	$1,619,000	–	16,419	–	1.14%	–
TER	New	Teradyne	$1,574,000	–	41,350	–	1.11%	–
ABBV	New	Abbvie Inc	$1,439,000	–	15,530	–	1.02%	–
XOM	New	Exxon Mobil Corp	$1,434,000	–	17,337	–	1.01%	–
ABT	New	Abbott Labs	$1,369,000	–	22,453	–	0.97%	–
MMM	New	3m Co	$1,350,000	–	6,861	–	0.95%	–
PG	New	Procter & Gamble Co	$1,278,000	–	16,374	–	0.90%	–
MASI	New	Massimo Corporation	$1,201,000	–	12,295	–	0.85%	–
XYL	New	XYLEM Inc.	$1,192,000	–	17,685	–	0.84%	–
PM	New	Philip Morris International	$1,116,000	–	13,817	–	0.79%	–
BFAM	New	Bright Horizons Family	$1,082,000	–	10,550	–	0.76%	–
MO	New	Altria Group Inc	$1,065,000	–	18,751	–	0.75%	–
BRKB	New	Berkshire Hathaway Class B Newcl b new	$932,000	–	4,994	–	0.66%	–
VFC	New	V. F. Corporation	$848,000	–	10,407	–	0.60%	–
MRK	New	Merck & Co Inc New Com	$816,000	–	13,440	–	0.58%	–
PFE	New	Pfizer Inc Com	$760,000	–	20,950	–	0.54%	–
AMGN	New	Amgen Inc	$727,000	–	3,939	–	0.51%	–
VZ	New	Verizon Communications	$621,000	–	12,347	–	0.44%	–
NKE	New	Nike Inccl b	$536,000	–	6,730	–	0.38%	–
TROW	New	Price T Rowe Group Inc.	$506,000	–	4,356	–	0.36%	–
UL	New	Unilever Plcspon adr new	$487,000	–	8,814	–	0.34%	–
T	New	At&t Corp Com New	$468,000	–	14,576	–	0.33%	–
CVX	New	Chevron Texaco Corp	$434,000	–	3,436	–	0.31%	–
BMY	New	Bristol Myers Squibb Co	$409,000	–	7,383	–	0.29%	–
UTX	New	United Technologies Corp	$388,000	–	3,100	–	0.27%	–
MDT	New	Medtronic Inc	$378,000	–	4,417	–	0.27%	–
TGT	New	Target Corp	$365,000	–	4,790	–	0.26%	–
GPC	New	Genuine Parts Co	$354,000	–	3,854	–	0.25%	–
EMR	New	Emerson Electric Co	$338,000	–	4,892	–	0.24%	–
DIS	New	Disney Walt Co Holding Co	$331,000	–	3,157	–	0.23%	–
PEP	New	Pepsico Inc	$331,000	–	3,037	–	0.23%	–
CMCSA	New	Comcast Corp New Cl Acl a	$295,000	–	9,006	–	0.21%	–
BRKA	New	Berkshire Hathaway Class Acl a	$282,000	–	1	–	0.20%	–
CSCO	New	Cisco Systems Inc	$269,000	–	6,249	–	0.19%	–
BX	New	Blackstone Group LP	$269,000	–	8,371	–	0.19%	–
INTC	New	Intel Corp	$260,000	–	5,240	–	0.18%	–
PNC	New	Pnc Financial Services Group I	$260,000	–	1,928	–	0.18%	–
GIS	New	General Mills	$237,000	–	5,363	–	0.17%	–
KO	New	Coca Cola Co	$211,000	–	4,810	–	0.15%	–
IBM	New	Intl Business Mach	$210,000	–	1,500	–	0.15%	–
NVS	New	Novartis Ag Spon Adrsponsored adr	$177,000	–	2,339	–	0.12%	–
GS	New	Goldman Sachs Group Inc	$161,000	–	728	–	0.11%	–
WFC	New	Wells Fargo & Co New	$140,000	–	2,523	–	0.10%	–
BAC	New	Bank Of Amer Corp	$123,000	–	4,365	–	0.09%	–
HAL	New	Halliburton Co	$97,000	–	2,156	–	0.07%	–
MS	New	Morgan Stanley	$63,000	–	1,320	–	0.04%	–

Q4 2017

			Value		Shares		↓ Weighting
MS	Exit	Morgan Stanley	$0	–	-1,320	–	-0.05%	–
HAL	Exit	Halliburton Co	$0	–	-2,156	–	-0.08%	–
GS	Exit	Goldman Sachs Group Inc	$0	–	-578	–	-0.11%	–
CL	Exit	Colgate Palmolive	$0	–	-2,000	–	-0.12%	–
NVS	Exit	Novartis Ag Spon Adrsponsored adr	$0	–	-2,216	–	-0.15%	–
INTC	Exit	Intel Corp	$0	–	-5,040	–	-0.15%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-5,999	–	-0.16%	–
KO	Exit	Coca Cola Co	$0	–	-4,810	–	-0.17%	–
IBM	Exit	Intl Business Mach	$0	–	-1,500	–	-0.17%	–
BRKA	Exit	Berkshire Hathaway Class Acl a	$0	–	-1	–	-0.22%	–
GIS	Exit	General Mills	$0	–	-5,363	–	-0.22%	–
BX	Exit	Blackstone Group LP	$0	–	-8,371	–	-0.22%	–
DIS	Exit	Disney Walt Co Holding Co	$0	–	-3,057	–	-0.24%	–
EMR	Exit	Emerson Electric Co	$0	–	-4,892	–	-0.24%	–
PEP	Exit	Pepsico Inc	$0	–	-2,837	–	-0.25%	–
PNC	Exit	Pnc Financial Services Group I	$0	–	-2,525	–	-0.27%	–
CMCSA	Exit	Comcast Corp New Cl Acl a	$0	–	-9,006	–	-0.27%	–
UTX	Exit	United Technologies Corp	$0	–	-3,100	–	-0.28%	–
GPC	Exit	Genuine Parts Co	$0	–	-3,854	–	-0.29%	–
MDT	Exit	Medtronic Inc	$0	–	-4,822	–	-0.30%	–
NKE	Exit	Nike Inccl b	$0	–	-7,303	–	-0.30%	–
CVX	Exit	Chevron Texaco Corp	$0	–	-3,326	–	-0.31%	–
TROW	Exit	Price T Rowe Group Inc.	$0	–	-4,356	–	-0.31%	–
LGND	Exit	Ligand Pharmaceuticals	$0	–	-3,000	–	-0.32%	–
BMY	Exit	Bristol Myers Squibb Co	$0	–	-7,245	–	-0.36%	–
UL	Exit	Unilever Plcspon adr new	$0	–	-8,814	–	-0.40%	–
T	Exit	At&t Corp Com New	$0	–	-13,905	–	-0.43%	–
VZ	Exit	Verizon Communications	$0	–	-12,154	–	-0.48%	–
PFE	Exit	Pfizer Inc Com	$0	–	-21,510	–	-0.60%	–
VFC	Exit	V. F. Corporation	$0	–	-12,131	–	-0.61%	–
AMGN	Exit	Amgen Inc	$0	–	-4,221	–	-0.62%	–
CELG	Exit	Celgene Corporation	$0	–	-5,493	–	-0.63%	–
GE	Exit	Genl Electric Co	$0	–	-36,006	–	-0.69%	–
BRKB	Exit	Berkshire Hathaway Class B Newcl b new	$0	–	-5,159	–	-0.75%	–
MRK	Exit	Merck & Co Inc New Com	$0	–	-14,867	–	-0.75%	–
MSFT	Exit	Microsoft Corp Com	$0	–	-13,726	–	-0.81%	–
ABT	Exit	Abbott Labs	$0	–	-22,133	–	-0.93%	–
HD	Exit	Home Depot Inc	$0	–	-8,037	–	-1.04%	–
MMM	Exit	3m Co	$0	–	-6,701	–	-1.11%	–
MO	Exit	Altria Group Inc	$0	–	-22,231	–	-1.11%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-17,584	–	-1.14%	–
TER	Exit	Teradyne	$0	–	-39,060	–	-1.15%	–
ABBV	Exit	Abbvie Inc	$0	–	-16,430	–	-1.15%	–
PG	Exit	Procter & Gamble Co	$0	–	-16,198	–	-1.16%	–
TFX	Exit	Teleflex Incorporated	$0	–	-6,458	–	-1.23%	–
MKL	Exit	Markel	$0	–	-1,548	–	-1.30%	–
PM	Exit	Philip Morris International	$0	–	-15,373	–	-1.35%	–
VNTV	Exit	Vantiv Inccl a	$0	–	-24,431	–	-1.36%	–
RDSA	Exit	Royal Dutch Shell Class Aspons adr a	$0	–	-29,418	–	-1.40%	–
FISV	Exit	Fiserv Inc Wis	$0	–	-14,916	–	-1.52%	–
AGN	Exit	Allergan Inc.	$0	–	-9,513	–	-1.54%	–
CXO	Exit	Concho Resources Inc	$0	–	-14,992	–	-1.56%	–
AWK	Exit	American Water Works	$0	–	-26,268	–	-1.68%	–
NVO	Exit	Novo Nordisk A/S ADRadr	$0	–	-45,628	–	-1.73%	–
AAPL	Exit	Apple Computer Inc	$0	–	-14,681	–	-1.78%	–
PCLN	Exit	Priceline	$0	–	-1,273	–	-1.84%	–
ALGN	Exit	Align Technology, Inc.	$0	–	-12,735	–	-1.87%	–
ILMN	Exit	Illumina Inc	$0	–	-11,939	–	-1.88%	–
AME	Exit	Ametek Inc	$0	–	-36,335	–	-1.89%	–
WFC	Exit	Wells Fargo & Co New	$0	–	-46,002	–	-2.00%	–
V	Exit	Visa Inc.	$0	–	-24,430	–	-2.03%	–
GOOGL	Exit	Alphabet Cl Acap stk cl a	$0	–	-2,649	–	-2.03%	–
IDXX	Exit	Idexx Laboratories Inc	$0	–	-18,159	–	-2.23%	–
GOOG	Exit	Alphabet Cl Ccap stk cl c	$0	–	-3,022	–	-2.28%	–
AMZN	Exit	Amazon.Com	$0	–	-3,054	–	-2.31%	–
ECL	Exit	Ecolab Inc.	$0	–	-23,363	–	-2.37%	–
JNJ	Exit	Johnson & Johnson Com	$0	–	-23,745	–	-2.43%	–
NFLX	Exit	Netflix, Inc	$0	–	-17,342	–	-2.48%	–
BLK	Exit	Blackrock Inc.	$0	–	-7,671	–	-2.70%	–
DHR	Exit	Danaher Corp	$0	–	-40,686	–	-2.75%	–
CME	Exit	CME Group	$0	–	-26,834	–	-2.87%	–
ROP	Exit	Roper Technologies	$0	–	-17,739	–	-3.40%	–
FRC	Exit	First Republic Bank San Franci	$0	–	-43,913	–	-3.62%	–
AMT	Exit	American Tower Corp	$0	–	-35,200	–	-3.79%	–
FB	Exit	Facebookcl a	$0	–	-34,035	–	-4.58%	–
MA	Exit	Mastercard Inc.cl a	$0	–	-42,677	–	-4.75%	–
JPM	Exit	JP Morgan Chase	$0	–	-84,200	–	-6.34%	–

Q3 2017

			Value		Shares		↓ Weighting
MA	Sell	Mastercard Inc.cl a	$6,026,000	+11.4%	42,677	-4.2%	4.75%	+7.1%
FB	Sell	Facebookcl a	$5,816,000	+9.1%	34,035	-3.6%	4.58%	+4.9%
FRC	Sell	First Republic Bank San Franci	$4,587,000	+4.1%	43,913	-0.2%	3.62%	+0.1%
ROP	Sell	Roper Technologies	$4,318,000	+3.3%	17,739	-1.8%	3.40%	-0.8%
DHR	Buy	Danaher Corp	$3,490,000	+1.8%	40,686	+0.1%	2.75%	-2.1%
NFLX	Sell	Netflix, Inc	$3,145,000	+14.8%	17,342	-5.4%	2.48%	+10.4%
ECL	Sell	Ecolab Inc.	$3,005,000	-5.5%	23,363	-2.5%	2.37%	-9.2%
AMZN	Sell	Amazon.Com	$2,936,000	-1.0%	3,054	-0.3%	2.31%	-4.9%
IDXX	Sell	Idexx Laboratories Inc	$2,824,000	-4.2%	18,159	-0.5%	2.23%	-7.9%
GOOGL	Sell	Alphabet Cl Acap stk cl a	$2,579,000	+3.8%	2,649	-0.9%	2.03%	-0.2%
V	Sell	Visa Inc.	$2,571,000	+2.0%	24,430	-9.1%	2.03%	-1.9%
PCLN	Sell	Priceline	$2,331,000	-5.8%	1,273	-3.8%	1.84%	-9.5%
AAPL	Sell	Apple Computer Inc	$2,263,000	-0.2%	14,681	-6.8%	1.78%	-4.1%
NVO	Buy	Novo Nordisk A/S ADRadr	$2,197,000	+13.4%	45,628	+1.0%	1.73%	+9.0%
AWK	Buy	American Water Works	$2,125,000	+10.2%	26,268	+6.1%	1.68%	+5.9%
AGN	Buy	Allergan Inc.	$1,950,000	-1.6%	9,513	+16.8%	1.54%	-5.4%
FISV	Buy	Fiserv Inc Wis	$1,924,000	+6.1%	14,916	+0.7%	1.52%	+2.0%
VNTV	Buy	Vantiv Inccl a	$1,722,000	+15.3%	24,431	+3.6%	1.36%	+10.9%
MKL	Buy	Markel	$1,653,000	+22.4%	1,548	+11.8%	1.30%	+17.6%
TFX	Buy	Teleflex Incorporated	$1,563,000	+54.9%	6,458	+32.9%	1.23%	+49.0%
TER	Buy	Teradyne	$1,457,000	+33.3%	39,060	+7.3%	1.15%	+28.2%
XOM	Sell	Exxon Mobil Corp	$1,442,000	-4.3%	17,584	-5.8%	1.14%	-8.0%
MO	Buy	Altria Group Inc	$1,410,000	-13.3%	22,231	+1.7%	1.11%	-16.6%
MSFT	Buy	Microsoft Corp Com	$1,022,000	+10.2%	13,726	+2.1%	0.81%	+6.1%
MRK	Buy	Merck & Co Inc New Com	$952,000	+1.1%	14,867	+1.1%	0.75%	-3.0%
GE	Sell	Genl Electric Co	$871,000	-14.4%	36,006	-4.4%	0.69%	-17.6%
CELG	Sell	Celgene Corporation	$801,000	-1.2%	5,493	-12.0%	0.63%	-5.1%
AMGN	Buy	Amgen Inc	$787,000	+11.5%	4,221	+2.9%	0.62%	+7.1%
VFC	Buy	V. F. Corporation	$771,000	+11.7%	12,131	+1.3%	0.61%	+7.4%
PFE	Sell	Pfizer Inc Com	$768,000	+5.3%	21,510	-0.9%	0.60%	+1.2%
VZ	Sell	Verizon Communications	$602,000	+7.7%	12,154	-2.9%	0.48%	+3.7%
CVX	Sell	Chevron Texaco Corp	$391,000	-4.4%	3,326	-15.2%	0.31%	-8.1%
INTC	Buy	Intel Corp	$192,000	+27.2%	5,040	+12.8%	0.15%	+21.8%
HAL	Sell	Halliburton Co	$99,000	-60.9%	2,156	-63.6%	0.08%	-62.3%
MCO	Exit	Moody's Corporation	$0	–	-11,754	–	-1.17%	–

Q2 2017

			Value		Shares		↓ Weighting
JPM	New	JP Morgan Chase	$7,696,000	–	84,200	–	6.31%	–
MA	New	Mastercard Inc.cl a	$5,408,000	–	44,527	–	4.44%	–
FB	New	Facebookcl a	$5,330,000	–	35,300	–	4.37%	–
AMT	New	American Tower Corp	$4,658,000	–	35,200	–	3.82%	–
FRC	New	First Republic Bank San Franci	$4,406,000	–	44,013	–	3.61%	–
ROP	New	Roper Technologies	$4,182,000	–	18,064	–	3.43%	–
DHR	New	Danaher Corp	$3,428,000	–	40,626	–	2.81%	–
CME	New	CME Group	$3,361,000	–	26,834	–	2.76%	–
BLK	New	Blackrock Inc.	$3,240,000	–	7,671	–	2.66%	–
ECL	New	Ecolab Inc.	$3,181,000	–	23,963	–	2.61%	–
JNJ	New	Johnson & Johnson Com	$3,141,000	–	23,745	–	2.58%	–
AMZN	New	Amazon.Com	$2,966,000	–	3,064	–	2.43%	–
IDXX	New	Idexx Laboratories Inc	$2,947,000	–	18,259	–	2.42%	–
GOOG	New	Alphabet Cl Ccap stk cl c	$2,746,000	–	3,022	–	2.25%	–
NFLX	New	Netflix, Inc	$2,739,000	–	18,335	–	2.25%	–
WFC	New	Wells Fargo & Co New	$2,549,000	–	46,002	–	2.09%	–
V	New	Visa Inc.	$2,521,000	–	26,883	–	2.07%	–
GOOGL	New	Alphabet Cl Acap stk cl a	$2,484,000	–	2,672	–	2.04%	–
PCLN	New	Priceline	$2,475,000	–	1,323	–	2.03%	–
AAPL	New	Apple Computer Inc	$2,268,000	–	15,745	–	1.86%	–
AME	New	Ametek Inc	$2,201,000	–	36,335	–	1.80%	–
ILMN	New	Illumina Inc	$2,072,000	–	11,939	–	1.70%	–
AGN	New	Allergan Inc.	$1,981,000	–	8,148	–	1.62%	–
NVO	New	Novo Nordisk A/S ADRadr	$1,938,000	–	45,189	–	1.59%	–
AWK	New	American Water Works	$1,929,000	–	24,751	–	1.58%	–
ALGN	New	Align Technology, Inc.	$1,912,000	–	12,735	–	1.57%	–
CXO	New	Concho Resources Inc	$1,822,000	–	14,992	–	1.49%	–
FISV	New	Fiserv Inc Wis	$1,813,000	–	14,816	–	1.49%	–
PM	New	Philip Morris International	$1,806,000	–	15,373	–	1.48%	–
MO	New	Altria Group Inc	$1,627,000	–	21,852	–	1.33%	–
RDSA	New	Royal Dutch Shell Class Aspons adr a	$1,565,000	–	29,418	–	1.28%	–
XOM	New	Exxon Mobil Corp	$1,507,000	–	18,668	–	1.24%	–
VNTV	New	Vantiv Inccl a	$1,493,000	–	23,574	–	1.22%	–
MCO	New	Moody's Corporation	$1,430,000	–	11,754	–	1.17%	–
PG	New	Procter & Gamble Co	$1,412,000	–	16,198	–	1.16%	–
MMM	New	3m Co	$1,395,000	–	6,701	–	1.14%	–
MKL	New	Markel	$1,351,000	–	1,384	–	1.11%	–
HD	New	Home Depot Inc	$1,233,000	–	8,037	–	1.01%	–
ABBV	New	Abbvie Inc	$1,191,000	–	16,430	–	0.98%	–
TER	New	Teradyne	$1,093,000	–	36,410	–	0.90%	–
ABT	New	Abbott Labs	$1,076,000	–	22,133	–	0.88%	–
GE	New	Genl Electric Co	$1,017,000	–	37,656	–	0.83%	–
TFX	New	Teleflex Incorporated	$1,009,000	–	4,858	–	0.83%	–
MRK	New	Merck & Co Inc New Com	$942,000	–	14,705	–	0.77%	–
MSFT	New	Microsoft Corp Com	$927,000	–	13,449	–	0.76%	–
BRKB	New	Berkshire Hathaway Class B Newcl b new	$874,000	–	5,159	–	0.72%	–
CELG	New	Celgene Corporation	$811,000	–	6,243	–	0.66%	–
PFE	New	Pfizer Inc Com	$729,000	–	21,705	–	0.60%	–
AMGN	New	Amgen Inc	$706,000	–	4,102	–	0.58%	–
VFC	New	V. F. Corporation	$690,000	–	11,972	–	0.57%	–
VZ	New	Verizon Communications	$559,000	–	12,522	–	0.46%	–
T	New	At&t Corp Com New	$525,000	–	13,905	–	0.43%	–
UL	New	Unilever Plcspon adr new	$477,000	–	8,814	–	0.39%	–
NKE	New	Nike Inccl b	$431,000	–	7,303	–	0.35%	–
MDT	New	Medtronic Inc	$428,000	–	4,822	–	0.35%	–
CVX	New	Chevron Texaco Corp	$409,000	–	3,923	–	0.34%	–
BMY	New	Bristol Myers Squibb Co	$404,000	–	7,245	–	0.33%	–
UTX	New	United Technologies Corp	$379,000	–	3,100	–	0.31%	–
LGND	New	Ligand Pharmaceuticals	$364,000	–	3,000	–	0.30%	–
GPC	New	Genuine Parts Co	$357,000	–	3,854	–	0.29%	–
CMCSA	New	Comcast Corp New Cl Acl a	$351,000	–	9,006	–	0.29%	–
PEP	New	Pepsico Inc	$328,000	–	2,837	–	0.27%	–
DIS	New	Disney Walt Co Holding Co	$325,000	–	3,057	–	0.27%	–
TROW	New	Price T Rowe Group Inc.	$323,000	–	4,356	–	0.26%	–
PNC	New	Pnc Financial Services Group I	$315,000	–	2,525	–	0.26%	–
GIS	New	General Mills	$297,000	–	5,363	–	0.24%	–
EMR	New	Emerson Electric Co	$292,000	–	4,892	–	0.24%	–
BX	New	Blackstone Group LP	$279,000	–	8,371	–	0.23%	–
BRKA	New	Berkshire Hathaway Class Acl a	$255,000	–	1	–	0.21%	–
HAL	New	Halliburton Co	$253,000	–	5,916	–	0.21%	–
IBM	New	Intl Business Mach	$231,000	–	1,500	–	0.19%	–
KO	New	Coca Cola Co	$216,000	–	4,810	–	0.18%	–
CSCO	New	Cisco Systems Inc	$188,000	–	5,999	–	0.15%	–
NVS	New	Novartis Ag Spon Adrsponsored adr	$185,000	–	2,216	–	0.15%	–
INTC	New	Intel Corp	$151,000	–	4,468	–	0.12%	–
CL	New	Colgate Palmolive	$148,000	–	2,000	–	0.12%	–
GS	New	Goldman Sachs Group Inc	$128,000	–	578	–	0.10%	–
MS	New	Morgan Stanley	$59,000	–	1,320	–	0.05%	–

Q4 2016

			Value		Shares		↓ Weighting
BRKA	Exit	Berkshire Hathaway Class Acl a	$0	–	-1	–	-0.20%	–
BX	Exit	Blackstone Group LP	$0	–	-8,939	–	-0.21%	–
PNC	Exit	Pnc Financial Services Group I	$0	–	-2,525	–	-0.21%	–
KO	Exit	Coca Cola Co	$0	–	-5,383	–	-0.21%	–
IBM	Exit	Intl Business Mach	$0	–	-1,500	–	-0.22%	–
HAL	Exit	Halliburton Co	$0	–	-5,988	–	-0.25%	–
DIS	Exit	Disney Walt Co Holding Co	$0	–	-3,057	–	-0.27%	–
CMCSA	Exit	Comcast Corp New Cl Acl a	$0	–	-4,503	–	-0.28%	–
PEP	Exit	Pepsico Inc	$0	–	-2,837	–	-0.29%	–
UTX	Exit	United Technologies Corp	$0	–	-3,100	–	-0.30%	–
GIS	Exit	General Mills	$0	–	-5,363	–	-0.32%	–
NKE	Exit	Nike Inccl b	$0	–	-7,131	–	-0.35%	–
CVX	Exit	Chevron Texaco Corp	$0	–	-3,727	–	-0.36%	–
GPC	Exit	Genuine Parts Co	$0	–	-3,965	–	-0.37%	–
TROW	Exit	Price T Rowe Group Inc.	$0	–	-6,144	–	-0.38%	–
UL	Exit	Unilever Plcspon adr new	$0	–	-8,814	–	-0.39%	–
EMR	Exit	Emerson Electric Co	$0	–	-8,989	–	-0.46%	–
AMGN	Exit	Amgen Inc	$0	–	-3,335	–	-0.52%	–
T	Exit	At&t Corp Com New	$0	–	-13,905	–	-0.53%	–
MSFT	Exit	Microsoft Corp Com	$0	–	-10,137	–	-0.55%	–
BMY	Exit	Bristol Myers Squibb Co	$0	–	-11,324	–	-0.57%	–
TWX	Exit	Time Warner Inc	$0	–	-7,800	–	-0.58%	–
VZ	Exit	Verizon Communications	$0	–	-12,864	–	-0.63%	–
CELG	Exit	Celgene Corporation	$0	–	-6,604	–	-0.65%	–
BRKB	Exit	Berkshire Hathaway Class B Newcl b new	$0	–	-5,159	–	-0.70%	–
PFE	Exit	Pfizer Inc Com	$0	–	-23,105	–	-0.73%	–
VFC	Exit	V. F. Corporation	$0	–	-15,554	–	-0.82%	–
ABT	Exit	Abbott Labs	$0	–	-21,661	–	-0.86%	–
MRK	Exit	Merck & Co Inc New Com	$0	–	-15,355	–	-0.90%	–
TSCO	Exit	Tractor Supply Company	$0	–	-14,731	–	-0.93%	–
HD	Exit	Home Depot Inc	$0	–	-8,037	–	-0.97%	–
ABBV	Exit	Abbvie Inc	$0	–	-17,732	–	-1.05%	–
MMM	Exit	3m Co	$0	–	-6,727	–	-1.11%	–
CERN	Exit	Cerner Corporation	$0	–	-19,310	–	-1.12%	–
GE	Exit	Genl Electric Co	$0	–	-42,119	–	-1.17%	–
VNTV	Exit	Vantiv Inccl a	$0	–	-23,853	–	-1.26%	–
MCO	Exit	Moody's Corporation	$0	–	-12,764	–	-1.29%	–
MO	Exit	Altria Group Inc	$0	–	-21,852	–	-1.29%	–
PG	Exit	Procter & Gamble Co	$0	–	-16,198	–	-1.36%	–
RDSA	Exit	Royal Dutch Shell Class Aspons adr a	$0	–	-29,418	–	-1.38%	–
FISV	Exit	Fiserv Inc Wis	$0	–	-15,129	–	-1.41%	–
PM	Exit	Philip Morris International	$0	–	-16,278	–	-1.48%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-19,010	–	-1.55%	–
MJN	Exit	Mead Johnson Nutrition Co,	$0	–	-21,185	–	-1.57%	–
PCLN	Exit	Priceline	$0	–	-1,192	–	-1.64%	–
AAPL	Exit	Apple Computer Inc	$0	–	-15,663	–	-1.66%	–
AME	Exit	Ametek Inc	$0	–	-37,134	–	-1.66%	–
NFLX	Exit	Netflix, Inc	$0	–	-18,627	–	-1.72%	–
CXO	Exit	Concho Resources Inc	$0	–	-14,740	–	-1.90%	–
NVO	Exit	Novo Nordisk A/S ADRadr	$0	–	-49,055	–	-1.91%	–
AGN	Exit	Allergan Inc.	$0	–	-9,018	–	-1.94%	–
WFC	Exit	Wells Fargo & Co New	$0	–	-47,321	–	-1.96%	–
GOOGL	Exit	Alphabet Cl Acap stk cl a	$0	–	-2,653	–	-2.00%	–
ILMN	Exit	Illumina Inc	$0	–	-12,121	–	-2.06%	–
V	Exit	Visa Inc.	$0	–	-26,740	–	-2.07%	–
IDXX	Exit	Idexx Laboratories Inc	$0	–	-19,850	–	-2.10%	–
GOOG	Exit	Alphabet Cl Ccap stk cl c	$0	–	-3,101	–	-2.26%	–
AMZN	Exit	Amazon.Com	$0	–	-3,127	–	-2.45%	–
MDT	Exit	Medtronic Inc	$0	–	-31,019	–	-2.51%	–
CME	Exit	CME Group	$0	–	-27,248	–	-2.67%	–
BLK	Exit	Blackrock Inc.	$0	–	-7,884	–	-2.68%	–
ECL	Exit	Ecolab Inc.	$0	–	-24,264	–	-2.76%	–
JNJ	Exit	Johnson & Johnson Com	$0	–	-25,085	–	-2.77%	–
DHR	Exit	Danaher Corp	$0	–	-39,232	–	-2.88%	–
ROP	Exit	Roper Technologies	$0	–	-18,848	–	-3.22%	–
FRC	Exit	First Republic Bank San Franci	$0	–	-45,023	–	-3.25%	–
AMT	Exit	American Tower Corp	$0	–	-35,873	–	-3.81%	–
FB	Exit	Facebookcl a	$0	–	-36,283	–	-4.36%	–
MA	Exit	Mastercard Inc.cl a	$0	–	-46,635	–	-4.44%	–
JPM	Exit	JP Morgan Chase	$0	–	-84,620	–	-5.28%	–

Q3 2016

			Value		Shares		↓ Weighting
JPM	Buy	JP Morgan Chase	$5,635,000	+8.4%	84,620	+1.2%	5.28%	+5.8%
AMT	Sell	American Tower Corp	$4,065,000	-3.2%	35,873	-2.9%	3.81%	-5.5%
FRC	Sell	First Republic Bank San Franci	$3,472,000	+10.0%	45,023	-0.2%	3.25%	+7.3%
ROP	Sell	Roper Technologies	$3,439,000	+4.9%	18,848	-2.0%	3.22%	+2.4%
JNJ	Sell	Johnson & Johnson Com	$2,963,000	-4.5%	25,085	-1.9%	2.77%	-6.8%
ECL	Sell	Ecolab Inc.	$2,953,000	+2.5%	24,264	-0.1%	2.76%	+0.1%
BLK	Sell	Blackrock Inc.	$2,858,000	+2.5%	7,884	-3.1%	2.68%	+0.0%
CME	Sell	CME Group	$2,848,000	+6.7%	27,248	-0.5%	2.67%	+4.1%
IDXX	Sell	Idexx Laboratories Inc	$2,238,000	+21.3%	19,850	-0.1%	2.10%	+18.4%
V	Sell	Visa Inc.	$2,211,000	+9.5%	26,740	-1.8%	2.07%	+6.9%
ILMN	Sell	Illumina Inc	$2,202,000	+28.8%	12,121	-0.5%	2.06%	+25.7%
WFC	Buy	Wells Fargo & Co New	$2,095,000	+1.7%	47,321	+8.7%	1.96%	-0.8%
AGN	Sell	Allergan Inc.	$2,077,000	-0.6%	9,018	-0.3%	1.94%	-3.0%
NVO	Sell	Novo Nordisk A/S ADRadr	$2,040,000	-22.7%	49,055	-0.1%	1.91%	-24.6%
CXO	Buy	Concho Resources Inc	$2,025,000	+17.7%	14,740	+2.2%	1.90%	+14.8%
NFLX	Buy	Netflix, Inc	$1,836,000	+20.8%	18,627	+12.1%	1.72%	+17.9%
AME	Sell	Ametek Inc	$1,774,000	+3.2%	37,134	-0.1%	1.66%	+0.7%
PCLN	Buy	Priceline	$1,754,000	+226.0%	1,192	+176.6%	1.64%	+218.2%
FISV	Buy	Fiserv Inc Wis	$1,505,000	+38.7%	15,129	+51.6%	1.41%	+35.4%
MCO	Sell	Moody's Corporation	$1,382,000	+15.4%	12,764	-0.1%	1.29%	+12.5%
VNTV	New	Vantiv Inccl a	$1,342,000	–	23,853	–	1.26%	–
GE	Sell	Genl Electric Co	$1,248,000	-7.9%	42,119	-2.1%	1.17%	-10.1%
CERN	Sell	Cerner Corporation	$1,192,000	+5.2%	19,310	-0.1%	1.12%	+2.7%
HD	Sell	Home Depot Inc	$1,034,000	+0.2%	8,037	-0.5%	0.97%	-2.2%
ABT	Sell	Abbott Labs	$916,000	+6.9%	21,661	-0.6%	0.86%	+4.4%
VFC	Sell	V. F. Corporation	$872,000	-19.0%	15,554	-11.2%	0.82%	-20.9%
T	Sell	At&t Corp Com New	$565,000	-6.9%	13,905	-1.0%	0.53%	-9.1%
EMR	Sell	Emerson Electric Co	$490,000	+3.4%	8,989	-1.0%	0.46%	+0.9%
TROW	Sell	Price T Rowe Group Inc.	$409,000	-75.4%	6,144	-73.1%	0.38%	-76.0%
NKE	Sell	Nike Inccl b	$375,000	-8.5%	7,131	-3.9%	0.35%	-10.7%
DVA	Exit	Davita Inc	$0	–	-20,890	–	-1.55%	–

Q2 2016

			Value		Shares		↓ Weighting
JPM	New	JP Morgan Chase	$5,196,000	–	83,620	–	4.99%	–
AMT	New	American Tower Corp	$4,198,000	–	36,953	–	4.03%	–
FB	New	Facebookcl a	$4,146,000	–	36,283	–	3.98%	–
MA	New	Mastercard Inc.cl a	$4,107,000	–	46,635	–	3.94%	–
DHR	New	Danaher Corp	$3,962,000	–	39,232	–	3.80%	–
ROP	New	Roper Technologies	$3,279,000	–	19,225	–	3.15%	–
FRC	New	First Republic Bank San Franci	$3,157,000	–	45,100	–	3.03%	–
JNJ	New	Johnson & Johnson Com	$3,103,000	–	25,578	–	2.98%	–
ECL	New	Ecolab Inc.	$2,880,000	–	24,284	–	2.76%	–
BLK	New	Blackrock Inc.	$2,788,000	–	8,139	–	2.68%	–
MDT	New	Medtronic Inc	$2,692,000	–	31,019	–	2.58%	–
CME	New	CME Group	$2,669,000	–	27,398	–	2.56%	–
NVO	New	Novo Nordisk A/S ADRadr	$2,640,000	–	49,090	–	2.53%	–
AMZN	New	Amazon.Com	$2,238,000	–	3,127	–	2.15%	–
GOOG	New	Alphabet Cl Ccap stk cl c	$2,146,000	–	3,101	–	2.06%	–
AGN	New	Allergan Inc.	$2,090,000	–	9,046	–	2.00%	–
WFC	New	Wells Fargo & Co New	$2,060,000	–	43,521	–	1.98%	–
V	New	Visa Inc.	$2,019,000	–	27,222	–	1.94%	–
MJN	New	Mead Johnson Nutrition Co,	$1,923,000	–	21,185	–	1.84%	–
GOOGL	New	Alphabet Cl Acap stk cl a	$1,866,000	–	2,653	–	1.79%	–
IDXX	New	Idexx Laboratories Inc	$1,845,000	–	19,870	–	1.77%	–
XOM	New	Exxon Mobil Corp	$1,782,000	–	19,010	–	1.71%	–
CXO	New	Concho Resources Inc	$1,721,000	–	14,427	–	1.65%	–
AME	New	Ametek Inc	$1,719,000	–	37,174	–	1.65%	–
ILMN	New	Illumina Inc	$1,710,000	–	12,181	–	1.64%	–
TROW	New	Price T Rowe Group Inc.	$1,665,000	–	22,812	–	1.60%	–
PM	New	Philip Morris International	$1,656,000	–	16,278	–	1.59%	–
RDSA	New	Royal Dutch Shell Class Aspons adr a	$1,624,000	–	29,418	–	1.56%	–
DVA	New	Davita Inc	$1,615,000	–	20,890	–	1.55%	–
NFLX	New	Netflix, Inc	$1,520,000	–	16,615	–	1.46%	–
MO	New	Altria Group Inc	$1,507,000	–	21,852	–	1.45%	–
AAPL	New	Apple Computer Inc	$1,497,000	–	15,663	–	1.44%	–
PG	New	Procter & Gamble Co	$1,371,000	–	16,198	–	1.32%	–
GE	New	Genl Electric Co	$1,355,000	–	43,044	–	1.30%	–
TSCO	New	Tractor Supply Company	$1,343,000	–	14,731	–	1.29%	–
MCO	New	Moody's Corporation	$1,198,000	–	12,779	–	1.15%	–
MMM	New	3m Co	$1,178,000	–	6,727	–	1.13%	–
CERN	New	Cerner Corporation	$1,133,000	–	19,330	–	1.09%	–
ABBV	New	Abbvie Inc	$1,098,000	–	17,732	–	1.05%	–
FISV	New	Fiserv Inc Wis	$1,085,000	–	9,980	–	1.04%	–
VFC	New	V. F. Corporation	$1,077,000	–	17,511	–	1.03%	–
HD	New	Home Depot Inc	$1,032,000	–	8,080	–	0.99%	–
MRK	New	Merck & Co Inc New Com	$885,000	–	15,355	–	0.85%	–
ABT	New	Abbott Labs	$857,000	–	21,795	–	0.82%	–
BMY	New	Bristol Myers Squibb Co	$833,000	–	11,324	–	0.80%	–
PFE	New	Pfizer Inc Com	$814,000	–	23,105	–	0.78%	–
BRKB	New	Berkshire Hathaway Class B Newcl b new	$747,000	–	5,159	–	0.72%	–
VZ	New	Verizon Communications	$718,000	–	12,864	–	0.69%	–
CELG	New	Celgene Corporation	$651,000	–	6,604	–	0.62%	–
T	New	At&t Corp Com New	$607,000	–	14,041	–	0.58%	–
TWX	New	Time Warner Inc	$574,000	–	7,800	–	0.55%	–
PCLN	New	Priceline	$538,000	–	431	–	0.52%	–
MSFT	New	Microsoft Corp Com	$519,000	–	10,137	–	0.50%	–
AMGN	New	Amgen Inc	$507,000	–	3,335	–	0.49%	–
EMR	New	Emerson Electric Co	$474,000	–	9,083	–	0.46%	–
UL	New	Unilever Plcspon adr new	$422,000	–	8,814	–	0.40%	–
NKE	New	Nike Inccl b	$410,000	–	7,423	–	0.39%	–
GPC	New	Genuine Parts Co	$401,000	–	3,965	–	0.38%	–
CVX	New	Chevron Texaco Corp	$391,000	–	3,727	–	0.38%	–
GIS	New	General Mills	$382,000	–	5,363	–	0.37%	–
UTX	New	United Technologies Corp	$318,000	–	3,100	–	0.30%	–
PEP	New	Pepsico Inc	$301,000	–	2,837	–	0.29%	–
DIS	New	Disney Walt Co Holding Co	$299,000	–	3,057	–	0.29%	–
CMCSA	New	Comcast Corp New Cl Acl a	$294,000	–	4,503	–	0.28%	–
HAL	New	Halliburton Co	$271,000	–	5,988	–	0.26%	–
KO	New	Coca Cola Co	$244,000	–	5,383	–	0.23%	–
IBM	New	Intl Business Mach	$228,000	–	1,500	–	0.22%	–
BX	New	Blackstone Group LP	$219,000	–	8,939	–	0.21%	–
BRKA	New	Berkshire Hathaway Class Acl a	$217,000	–	1	–	0.21%	–
PNC	New	Pnc Financial Services Group I	$206,000	–	2,525	–	0.20%	–

Q4 2015

			Value		Shares		↓ Weighting
AXP	Exit	American Express	$0	–	-2,700	–	-0.21%	–
EOG	Exit	Eog Resources	$0	–	-3,067	–	-0.24%	–
QCOM	Exit	Qualcomm Incorporated	$0	–	-4,188	–	-0.24%	–
PNC	Exit	Pnc Financial Services Group I	$0	–	-2,525	–	-0.24%	–
CVX	Exit	Chevron Texaco Corp	$0	–	-3,190	–	-0.27%	–
CMCSK	Exit	Comcast Corp New Special Cl Acl a spl	$0	–	-4,503	–	-0.27%	–
PEP	Exit	Pepsico Inc	$0	–	-2,837	–	-0.28%	–
HAL	Exit	Halliburton Co	$0	–	-7,589	–	-0.28%	–
UTX	Exit	United Technologies Corp	$0	–	-3,100	–	-0.29%	–
IBM	Exit	Intl Business Mach	$0	–	-2,026	–	-0.31%	–
GIS	Exit	General Mills	$0	–	-5,363	–	-0.32%	–
MCD	Exit	Mcdonalds Corp	$0	–	-3,064	–	-0.32%	–
GPC	Exit	Genuine Parts Co	$0	–	-3,965	–	-0.35%	–
WFC	Exit	Wells Fargo & Co New	$0	–	-6,480	–	-0.35%	–
NVS	Exit	Novartis Ag Spon Adrsponsored adr	$0	–	-3,632	–	-0.36%	–
PCLN	Exit	Priceline	$0	–	-275	–	-0.36%	–
UL	Exit	Unilever Plcspon adr new	$0	–	-8,814	–	-0.38%	–
V	Exit	Visa Inc.	$0	–	-5,600	–	-0.42%	–
NKE	Exit	Nike Inccl b	$0	–	-3,200	–	-0.42%	–
BX	Exit	Blackstone Group LP	$0	–	-12,904	–	-0.44%	–
KO	Exit	Coca Cola Co	$0	–	-10,183	–	-0.44%	–
MSFT	Exit	Microsoft Corp Com	$0	–	-9,915	–	-0.47%	–
T	Exit	At&t Corp Com New	$0	–	-13,633	–	-0.47%	–
AMGN	Exit	Amgen Inc	$0	–	-3,322	–	-0.49%	–
VZ	Exit	Verizon Communications	$0	–	-12,864	–	-0.60%	–
EMR	Exit	Emerson Electric Co	$0	–	-12,669	–	-0.60%	–
DIS	Exit	Disney Walt Co Holding Co	$0	–	-5,732	–	-0.62%	–
BMY	Exit	Bristol Myers Squibb Co	$0	–	-11,324	–	-0.71%	–
BRKB	Exit	Berkshire Hathaway Class B Newcl b new	$0	–	-5,159	–	-0.72%	–
TRIP	Exit	Tripadvisor Inc	$0	–	-10,970	–	-0.74%	–
DISCK	Exit	Discovery Communications Serie	$0	–	-29,520	–	-0.76%	–
CELG	Exit	Celgene Corporation	$0	–	-6,661	–	-0.77%	–
LBTYK	Exit	Liberty Global PLC Class C	$0	–	-17,645	–	-0.77%	–
PFE	Exit	Pfizer Inc Com	$0	–	-25,655	–	-0.86%	–
MRK	Exit	Merck & Co Inc New Com	$0	–	-17,645	–	-0.93%	–
ABT	Exit	Abbott Labs	$0	–	-22,162	–	-0.95%	–
LBTYA	Exit	Liberty Global PLC CL A	$0	–	-21,565	–	-0.98%	–
ABBV	Exit	Abbvie Inc	$0	–	-17,262	–	-1.00%	–
MMM	Exit	3m Co	$0	–	-6,727	–	-1.02%	–
GE	Exit	Genl Electric Co	$0	–	-46,807	–	-1.26%	–
VFC	Exit	V. F. Corporation	$0	–	-17,390	–	-1.26%	–
MO	Exit	Altria Group Inc	$0	–	-21,852	–	-1.26%	–
PG	Exit	Procter & Gamble Co	$0	–	-16,975	–	-1.30%	–
HD	Exit	Home Depot Inc	$0	–	-10,737	–	-1.32%	–
TSCO	Exit	Tractor Supply Company	$0	–	-14,881	–	-1.34%	–
MCO	Exit	Moody's Corporation	$0	–	-12,839	–	-1.34%	–
LNKD	Exit	Linkedin Corp	$0	–	-6,680	–	-1.35%	–
PM	Exit	Philip Morris International	$0	–	-16,406	–	-1.38%	–
EQT	Exit	EQT Corporation	$0	–	-22,542	–	-1.55%	–
RDSA	Exit	Royal Dutch Shell Class Aspons adr a	$0	–	-30,879	–	-1.56%	–
IDXX	Exit	Idexx Laboratories Inc	$0	–	-19,720	–	-1.56%	–
MJN	Exit	Mead Johnson Nutrition Co,	$0	–	-22,040	–	-1.65%	–
CXO	Exit	Concho Resources Inc	$0	–	-16,440	–	-1.72%	–
NFLX	Exit	Netflix, Inc	$0	–	-15,980	–	-1.76%	–
DVA	Exit	Davita Inc	$0	–	-22,890	–	-1.76%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-22,538	–	-1.78%	–
AAPL	Exit	Apple Computer Inc	$0	–	-16,309	–	-1.91%	–
MDT	Exit	Medtronic Inc	$0	–	-27,358	–	-1.95%	–
TWX	Exit	Time Warner Inc	$0	–	-26,707	–	-1.95%	–
AME	Exit	Ametek Inc	$0	–	-37,189	–	-2.07%	–
TROW	Exit	Price T Rowe Group Inc.	$0	–	-29,018	–	-2.15%	–
ILMN	Exit	Illumina Inc	$0	–	-11,845	–	-2.22%	–
BLK	Exit	Blackrock Inc.	$0	–	-8,059	–	-2.55%	–
AGN	Exit	Allergan Inc.	$0	–	-8,926	–	-2.58%	–
NVO	Exit	Novo Nordisk A/S ADRadr	$0	–	-46,494	–	-2.68%	–
CME	Exit	CME Group	$0	–	-27,633	–	-2.73%	–
JNJ	Exit	Johnson & Johnson Com	$0	–	-29,354	–	-2.92%	–
ECL	Exit	Ecolab Inc.	$0	–	-25,452	–	-2.97%	–
FRC	Exit	First Republic Bank San Franci	$0	–	-45,800	–	-3.06%	–
ROP	Exit	Roper Technologies	$0	–	-19,375	–	-3.23%	–
AMT	Exit	American Tower Corp	$0	–	-37,043	–	-3.47%	–
FB	Exit	Facebookcl a	$0	–	-36,483	–	-3.49%	–
DHR	Exit	Danaher Corp	$0	–	-39,799	–	-3.61%	–
MA	Exit	Mastercard Inc.cl a	$0	–	-46,785	–	-4.48%	–
JPM	Exit	JP Morgan Chase	$0	–	-70,888	–	-4.60%	–

Q3 2015

			Value		Shares		↓ Weighting
JPM	Sell	JP Morgan Chase	$4,322,000	-10.1%	70,888	-0.1%	4.60%	+3.4%
MA	Sell	Mastercard Inc.cl a	$4,216,000	-5.8%	46,785	-2.3%	4.48%	+8.3%
DHR	Sell	Danaher Corp	$3,391,000	-4.5%	39,799	-4.1%	3.61%	+9.9%
FB	Buy	Facebookcl a	$3,280,000	+5.4%	36,483	+0.5%	3.49%	+21.3%
AMT	Sell	American Tower Corp	$3,259,000	-8.4%	37,043	-2.8%	3.47%	+5.4%
ROP	Sell	Roper Technologies	$3,036,000	-10.2%	19,375	-1.1%	3.23%	+3.4%
ECL	Buy	Ecolab Inc.	$2,793,000	-0.1%	25,452	+2.9%	2.97%	+15.0%
JNJ	Sell	Johnson & Johnson Com	$2,740,000	-7.7%	29,354	-3.6%	2.92%	+6.3%
NVO	Sell	Novo Nordisk A/S ADRadr	$2,522,000	-2.3%	46,494	-1.4%	2.68%	+12.4%
AGN	Buy	Allergan Inc.	$2,426,000	-7.0%	8,926	+3.8%	2.58%	+7.0%
BLK	Sell	Blackrock Inc.	$2,397,000	-14.1%	8,059	-0.1%	2.55%	-1.2%
ILMN	Sell	Illumina Inc	$2,083,000	-20.1%	11,845	-0.8%	2.22%	-8.1%
TWX	Sell	Time Warner Inc	$1,836,000	-21.7%	26,707	-0.5%	1.95%	-10.0%
MDT	Buy	Medtronic Inc	$1,831,000	-9.6%	27,358	+0.1%	1.95%	+4.1%
AAPL	Buy	Apple Computer Inc	$1,799,000	-10.6%	16,309	+1.7%	1.91%	+2.9%
XOM	Sell	Exxon Mobil Corp	$1,676,000	-19.0%	22,538	-9.4%	1.78%	-6.8%
NFLX	New	Netflix, Inc	$1,650,000	–	15,980	–	1.76%	–
IDXX	New	Idexx Laboratories Inc	$1,464,000	–	19,720	–	1.56%	–
EQT	Sell	EQT Corporation	$1,460,000	-20.4%	22,542	-0.1%	1.55%	-8.5%
LNKD	Buy	Linkedin Corp	$1,270,000	-7.3%	6,680	+0.8%	1.35%	+6.6%
MCO	Sell	Moody's Corporation	$1,261,000	-20.6%	12,839	-12.8%	1.34%	-8.6%
PG	Sell	Procter & Gamble Co	$1,221,000	-11.5%	16,975	-3.7%	1.30%	+1.9%
VFC	Buy	V. F. Corporation	$1,186,000	-0.2%	17,390	+2.1%	1.26%	+14.9%
MRK	Sell	Merck & Co Inc New Com	$871,000	-42.5%	17,645	-33.7%	0.93%	-33.8%
PFE	Sell	Pfizer Inc Com	$806,000	-8.9%	25,655	-2.8%	0.86%	+4.9%
CELG	Sell	Celgene Corporation	$721,000	-7.3%	6,661	-1.0%	0.77%	+6.7%
DISCK	Sell	Discovery Communications Serie	$717,000	-25.9%	29,520	-5.1%	0.76%	-14.7%
TRIP	New	Tripadvisor Inc	$691,000	–	10,970	–	0.74%	–
AMGN	Buy	Amgen Inc	$459,000	+5.0%	3,322	+16.8%	0.49%	+20.8%
NVS	Sell	Novartis Ag Spon Adrsponsored adr	$334,000	-22.3%	3,632	-16.9%	0.36%	-10.8%
MCD	Sell	Mcdonalds Corp	$302,000	-10.7%	3,064	-13.8%	0.32%	+2.6%
IBM	Sell	Intl Business Mach	$294,000	-19.7%	2,026	-9.9%	0.31%	-7.4%
CVX	Sell	Chevron Texaco Corp	$252,000	-30.0%	3,190	-14.5%	0.27%	-19.5%
QCOM	Sell	Qualcomm Incorporated	$225,000	-47.6%	4,188	-38.9%	0.24%	-39.8%
EOG	Sell	Eog Resources	$223,000	-90.0%	3,067	-87.9%	0.24%	-88.5%
GILD	Exit	Gilead Sciences	$0	–	-1,740	–	-0.19%	–
BRKA	Exit	Berkshire Hathaway Class Acl a	$0	–	-1	–	-0.19%	–
PCRX	Exit	Pacira Pharmeceuticals	$0	–	-19,830	–	-1.30%	–
CTLT	Exit	Catalent Inc	$0	–	-74,250	–	-2.01%	–
MNKKQ	Exit	Mallinckrodt PLC	$0	–	-19,839	–	-2.16%	–

Q2 2015

			Value		Shares		↓ Weighting
JPM	New	JP Morgan Chase	$4,808,000	–	70,963	–	4.45%	–
MA	New	Mastercard Inc.cl a	$4,477,000	–	47,895	–	4.14%	–
AMT	New	American Tower Corp	$3,556,000	–	38,118	–	3.29%	–
DHR	New	Danaher Corp	$3,551,000	–	41,483	–	3.28%	–
ROP	New	Roper Technologies	$3,379,000	–	19,595	–	3.12%	–
FB	New	Facebookcl a	$3,113,000	–	36,301	–	2.88%	–
JNJ	New	Johnson & Johnson Com	$2,967,000	–	30,442	–	2.74%	–
FRC	New	First Republic Bank San Franci	$2,887,000	–	45,800	–	2.67%	–
ECL	New	Ecolab Inc.	$2,796,000	–	24,731	–	2.58%	–
BLK	New	Blackrock Inc.	$2,790,000	–	8,064	–	2.58%	–
AGN	New	Allergan Inc.	$2,610,000	–	8,601	–	2.41%	–
ILMN	New	Illumina Inc	$2,608,000	–	11,945	–	2.41%	–
NVO	New	Novo Nordisk A/S ADRadr	$2,582,000	–	47,144	–	2.39%	–
CME	New	CME Group	$2,572,000	–	27,633	–	2.38%	–
TWX	New	Time Warner Inc	$2,346,000	–	26,842	–	2.17%	–
MNKKQ	New	Mallinckrodt PLC	$2,335,000	–	19,839	–	2.16%	–
TROW	New	Price T Rowe Group Inc.	$2,256,000	–	29,018	–	2.09%	–
EOG	New	Eog Resources	$2,223,000	–	25,393	–	2.06%	–
CTLT	New	Catalent Inc	$2,178,000	–	74,250	–	2.01%	–
XOM	New	Exxon Mobil Corp	$2,069,000	–	24,872	–	1.91%	–
AME	New	Ametek Inc	$2,037,000	–	37,189	–	1.88%	–
MDT	New	Medtronic Inc	$2,025,000	–	27,334	–	1.87%	–
AAPL	New	Apple Computer Inc	$2,012,000	–	16,044	–	1.86%	–
MJN	New	Mead Johnson Nutrition Co,	$1,988,000	–	22,040	–	1.84%	–
CXO	New	Concho Resources Inc	$1,872,000	–	16,440	–	1.73%	–
EQT	New	EQT Corporation	$1,835,000	–	22,562	–	1.70%	–
DVA	New	Davita Inc	$1,819,000	–	22,890	–	1.68%	–
RDSA	New	Royal Dutch Shell Class Aspons adr a	$1,760,000	–	30,879	–	1.63%	–
MCO	New	Moody's Corporation	$1,589,000	–	14,719	–	1.47%	–
MRK	New	Merck & Co Inc New Com	$1,515,000	–	26,608	–	1.40%	–
PCRX	New	Pacira Pharmeceuticals	$1,402,000	–	19,830	–	1.30%	–
PG	New	Procter & Gamble Co	$1,379,000	–	17,625	–	1.28%	–
LNKD	New	Linkedin Corp	$1,370,000	–	6,630	–	1.27%	–
TSCO	New	Tractor Supply Company	$1,338,000	–	14,881	–	1.24%	–
PM	New	Philip Morris International	$1,315,000	–	16,406	–	1.22%	–
GE	New	Genl Electric Co	$1,244,000	–	46,807	–	1.15%	–
HD	New	Home Depot Inc	$1,193,000	–	10,737	–	1.10%	–
VFC	New	V. F. Corporation	$1,188,000	–	17,038	–	1.10%	–
LBTYA	New	Liberty Global PLC CL A	$1,166,000	–	21,565	–	1.08%	–
ABBV	New	Abbvie Inc	$1,160,000	–	17,262	–	1.07%	–
ABT	New	Abbott Labs	$1,088,000	–	22,162	–	1.01%	–
MO	New	Altria Group Inc	$1,069,000	–	21,852	–	0.99%	–
MMM	New	3m Co	$1,038,000	–	6,727	–	0.96%	–
DISCK	New	Discovery Communications Serie	$967,000	–	31,110	–	0.89%	–
LBTYK	New	Liberty Global PLC Class C	$893,000	–	17,645	–	0.83%	–
PFE	New	Pfizer Inc Com	$885,000	–	26,405	–	0.82%	–
CELG	New	Celgene Corporation	$778,000	–	6,726	–	0.72%	–
BMY	New	Bristol Myers Squibb Co	$753,000	–	11,324	–	0.70%	–
EMR	New	Emerson Electric Co	$702,000	–	12,669	–	0.65%	–
BRKB	New	Berkshire Hathaway Class B Newcl b new	$702,000	–	5,159	–	0.65%	–
DIS	New	Disney Walt Co Holding Co	$654,000	–	5,732	–	0.60%	–
VZ	New	Verizon Communications	$600,000	–	12,864	–	0.56%	–
BX	New	Blackstone Group LP	$527,000	–	12,904	–	0.49%	–
T	New	At&t Corp Com New	$484,000	–	13,633	–	0.45%	–
MSFT	New	Microsoft Corp Com	$438,000	–	9,915	–	0.40%	–
AMGN	New	Amgen Inc	$437,000	–	2,844	–	0.40%	–
NVS	New	Novartis Ag Spon Adrsponsored adr	$430,000	–	4,370	–	0.40%	–
QCOM	New	Qualcomm Incorporated	$429,000	–	6,852	–	0.40%	–
KO	New	Coca Cola Co	$399,000	–	10,183	–	0.37%	–
UL	New	Unilever Plcspon adr new	$379,000	–	8,814	–	0.35%	–
V	New	Visa Inc.	$376,000	–	5,600	–	0.35%	–
IBM	New	Intl Business Mach	$366,000	–	2,249	–	0.34%	–
WFC	New	Wells Fargo & Co New	$364,000	–	6,480	–	0.34%	–
CVX	New	Chevron Texaco Corp	$360,000	–	3,730	–	0.33%	–
GPC	New	Genuine Parts Co	$355,000	–	3,965	–	0.33%	–
NKE	New	Nike Inccl b	$346,000	–	3,200	–	0.32%	–
UTX	New	United Technologies Corp	$344,000	–	3,100	–	0.32%	–
MCD	New	Mcdonalds Corp	$338,000	–	3,554	–	0.31%	–
HAL	New	Halliburton Co	$327,000	–	7,589	–	0.30%	–
PCLN	New	Priceline	$317,000	–	275	–	0.29%	–
GIS	New	General Mills	$299,000	–	5,363	–	0.28%	–
CMCSK	New	Comcast Corp New Special Cl Acl a spl	$270,000	–	4,503	–	0.25%	–
PEP	New	Pepsico Inc	$265,000	–	2,837	–	0.24%	–
PNC	New	Pnc Financial Services Group I	$242,000	–	2,525	–	0.22%	–
AXP	New	American Express	$210,000	–	2,700	–	0.19%	–
BRKA	New	Berkshire Hathaway Class Acl a	$205,000	–	1	–	0.19%	–
GILD	New	Gilead Sciences	$204,000	–	1,740	–	0.19%	–

Compare quarters

Export SECURITY ASSET MANAGEMENT's holdings