HUDSON VALLEY INVESTMENT ADVISORS INC /ADV Activity Q4 2012-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$32,855,676	-11.3%	104,056	-4.3%	4.63%	-7.6%
LLY	Sell	ELI LILLY & COMPANY	$27,814,203	+13.2%	51,783	-1.2%	3.92%	+17.9%
OCBI	Sell	ORANGE CNTY BANCORP INC	$26,188,519	+42.2%	606,637	-0.9%	3.69%	+48.1%
AAPL	Sell	APPLE, INC.	$24,850,643	-15.7%	145,147	-4.5%	3.50%	-12.2%
SPIB	Buy	SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	$23,080,054	+13.2%	733,865	+15.6%	3.25%	+17.9%
NVDA	Sell	NVIDIA CORP	$19,308,771	-17.8%	44,389	-20.0%	2.72%	-14.4%
SHY	Sell	ISHARES 1-3 YEAR TREASURY BOND	$18,127,078	-8.0%	223,874	-7.9%	2.56%	-4.2%
IGSB	Sell	ISHARES 1-5 YEAR INVESTMENT GRAND CORP BOND	$16,677,902	-11.4%	334,696	-10.8%	2.35%	-7.8%
XLK	Buy	SPDR SECTOR TECHNOLOGY ETF	$15,754,821	-4.2%	96,107	+1.6%	2.22%	-0.3%
GOOG	Sell	ALPHABET INC CLASS C	$15,064,522	+1.9%	114,255	-6.5%	2.12%	+6.1%
IEI	Sell	ISHARES 3-7 YEAR TREASURY BOND	$14,996,868	-4.6%	132,528	-2.9%	2.11%	-0.8%
SPY	Sell	SPDR S&P 500 ETF TR	$13,905,924	-6.9%	32,530	-3.5%	1.96%	-3.1%
XOM	Buy	EXXON MOBIL CORPORATION	$13,326,028	+13.2%	113,336	+3.3%	1.88%	+18.0%
JPM	Buy	JP MORGAN CHASE & CO	$12,586,200	+0.1%	86,789	+0.3%	1.77%	+4.2%
SPSB	Buy	SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	$12,513,512	+9.6%	426,791	+10.1%	1.76%	+14.2%
HD	Sell	THE HOME DEPOT INC	$11,983,676	-9.9%	39,660	-7.4%	1.69%	-6.2%
ADBE	Sell	ADOBE SYSTEMS INC	$10,290,802	-2.8%	20,182	-6.8%	1.45%	+1.3%
TMO	Sell	THERMO FISHER SCIENTIFIC INC.	$10,193,020	-9.1%	20,138	-6.3%	1.44%	-5.4%
AMZN	Buy	AMAZON COM INC	$10,027,353	-0.4%	78,881	+2.2%	1.41%	+3.7%
UNH	Sell	UNITED HEALTHCARE CORP	$9,850,568	-3.5%	19,537	-8.0%	1.39%	+0.5%
MDT	Sell	MEDTRONIC PLC	$8,736,200	-11.7%	111,488	-0.7%	1.23%	-8.0%
DHR	Buy	DANAHER CORP	$8,529,926	+4.2%	34,381	+0.8%	1.20%	+8.6%
MMC	Sell	MARSH & MCLENNAN CO INC	$8,440,947	+0.3%	44,356	-0.9%	1.19%	+4.4%
XLV	Buy	SPDR SECTOR HEALTH CARE ETF	$8,266,653	-0.6%	64,212	+2.5%	1.16%	+3.5%
PEP	Sell	PEPSICO INCORPORATED	$8,056,674	-9.9%	47,549	-1.5%	1.14%	-6.2%
AMD	Sell	ADVANCED MICRO DIVICES INC	$7,674,999	-11.2%	74,645	-1.6%	1.08%	-7.5%
FLOT	Sell	ISHARES FLOATING RATE BOND	$7,406,887	-3.6%	145,547	-3.7%	1.04%	+0.4%
CSX	Buy	C S X CORP	$7,022,417	-9.1%	228,371	+0.8%	0.99%	-5.4%
CSCO	Buy	CISCO SYSTEMS INC	$6,976,849	+9.3%	129,778	+5.2%	0.98%	+13.9%
ABBV	Buy	ABBVIE INC COM	$6,960,953	+19.5%	46,699	+8.0%	0.98%	+24.3%
V	Sell	VISA INC	$6,885,809	-3.9%	29,937	-0.8%	0.97%	0.0%
KLAC	Buy	K L A TENCOR CORP	$6,823,026	+5.0%	14,876	+11.0%	0.96%	+9.3%
BAC	Buy	BANKAMERICA CORP	$6,493,497	-3.9%	237,162	+0.7%	0.92%	0.0%
XLF	Buy	SPDR SECTOR FINANCIAL ETF	$6,396,702	+0.8%	192,846	+2.5%	0.90%	+5.0%
SBUX	Buy	STARBUCKS CORP	$6,338,820	+7.7%	69,451	+16.9%	0.89%	+12.2%
GTLS	Buy	CHART INDUSTRIES INC	$6,145,652	+24.1%	36,339	+17.2%	0.87%	+29.1%
AVGO	Sell	BROADCOM LTD	$6,125,502	-10.2%	7,375	-6.2%	0.86%	-6.4%
URI	Buy	UNITED RENTALS INC	$6,031,926	+10.6%	13,568	+10.8%	0.85%	+15.0%
AXP	Buy	AMERICAN EXPRESS CORP	$5,779,919	-4.2%	38,742	+11.9%	0.82%	-0.2%
XLY	Buy	SPDR SECTOR CONSUMER DISCRETIONARY ETF	$5,654,101	-3.8%	35,123	+1.5%	0.80%	+0.3%
CRM	Sell	SALESFORCE COM	$5,419,701	-10.3%	26,727	-6.5%	0.76%	-6.6%
MS	Buy	MORGAN STANLEY	$5,384,469	-2.5%	65,930	+2.0%	0.76%	+1.5%
XLC	Sell	SPDR SECTOR COMMUNICATION SERVICES ETF	$5,165,539	+0.1%	78,779	-0.6%	0.73%	+4.3%
XLI	Buy	SPDR SECTOR INDUSTRIAL ETF	$5,132,667	-4.2%	50,628	+1.4%	0.72%	-0.1%
SHW	Sell	SHERWIN WILLIAMS CO	$5,046,674	-9.7%	19,787	-6.0%	0.71%	-6.1%
NUE	Buy	NUCOR CORP	$4,987,096	+14.4%	31,897	+20.0%	0.70%	+19.2%
PLD	Buy	PROLOGICS INC.	$4,804,159	+0.4%	42,814	+9.8%	0.68%	+4.5%
CMG	Buy	CHIPOTLE MEXICAN GRILL INC. COM	$4,727,953	+0.8%	2,581	+17.7%	0.67%	+5.0%
BKR	Buy	BAKER HUGHES CO	$4,662,699	+107.6%	132,013	+85.8%	0.66%	+116.1%
CVX	Sell	CHEVRON CORP	$4,646,659	+3.2%	27,557	-3.7%	0.66%	+7.4%
FLR	Buy	FLUOR CORPORATION	$4,410,936	+38.8%	120,189	+12.0%	0.62%	+44.7%
PFE	Sell	PFIZER INCORPORATED	$4,380,008	-10.3%	132,047	-0.8%	0.62%	-6.7%
AZO	Sell	AUTOZONE INC	$4,269,723	-0.5%	1,681	-2.3%	0.60%	+3.6%
LECO	Buy	LINCOLN ELEC HLDGS INC	$4,233,707	-6.6%	23,289	+2.1%	0.60%	-2.6%
FB	Sell	META PLATFORMS INC	$4,210,445	-5.1%	14,025	-9.3%	0.59%	-1.2%
SLB	Buy	SCHLUMBERGER LTD	$4,124,900	+67.4%	70,753	+41.1%	0.58%	+74.3%
WY	Buy	WEYERHAEUSER CO	$3,982,826	+12.2%	129,903	+22.6%	0.56%	+16.8%
MDY	Sell	SPDR S&P MIDCAP 400 ETF TR	$3,659,056	-15.6%	8,013	-11.5%	0.52%	-12.1%
XLE	Sell	SPDR SECTOR ENERGY ETF	$3,599,872	+11.0%	39,826	-0.4%	0.51%	+15.7%
SPSM	Sell	SPDR PORTFOLIO S&P 600 SMALL CAP ETF	$3,418,527	-6.2%	92,643	-1.2%	0.48%	-2.2%
CIEN	Buy	CIENA CORP	$3,411,605	+12.6%	72,188	+1.2%	0.48%	+17.3%
XLP	Buy	SPDR SECTOR CONSUMER STAPLES ETF	$3,344,372	-4.4%	48,603	+3.0%	0.47%	-0.6%
GWW	Buy	W.W. GRAINGER INC	$3,319,448	+34.5%	4,798	+53.3%	0.47%	+40.1%
PG	Sell	PROCTER & GAMBLE CO	$3,247,195	-5.5%	22,262	-1.7%	0.46%	-1.5%
MDLZ	Buy	MODELEZ INTERANTIONAL INC	$3,173,037	+5.7%	45,721	+11.1%	0.45%	+9.8%
ORCL	Sell	ORACLE CORPORATION	$3,080,207	-13.0%	29,080	-2.2%	0.43%	-9.4%
WBS	Buy	WEBSTER FINL CORP	$3,036,714	+33.2%	75,334	+24.8%	0.43%	+38.5%
ADP	Sell	AUTO DATA PROCESSING	$2,977,899	+7.1%	12,378	-2.2%	0.42%	+11.4%
LEN	Buy	LENNAR CORP	$2,843,684	+6.3%	25,338	+18.6%	0.40%	+10.8%
DUK	Sell	DUKE ENERGY CORPORATION	$2,797,398	-21.2%	31,695	-19.9%	0.39%	-18.1%
JNJ	Sell	JOHNSON & JOHNSON	$2,740,266	-32.6%	17,594	-28.4%	0.39%	-29.8%
COP	Sell	CONOCOPHILLIPS	$2,632,246	+2.8%	21,972	-11.1%	0.37%	+6.9%
WMT	Sell	WAL-MART STORES INC	$2,570,482	-5.5%	16,073	-7.1%	0.36%	-1.6%
HON	Sell	HONEYWELL INTERNATIONAL	$2,544,978	-21.4%	13,776	-11.7%	0.36%	-18.0%
MCD	Sell	MCDONALDS CORP	$2,522,568	-14.8%	9,575	-3.5%	0.36%	-11.2%
AES	Buy	AES CORP	$2,164,455	-8.5%	142,398	+24.8%	0.30%	-4.7%
IBM	Buy	INTL BUSINESS MACHINES	$2,131,718	+5.0%	15,194	+0.2%	0.30%	+9.5%
MRK	Sell	MERCK & CO INC	$2,125,157	-18.2%	20,643	-8.4%	0.30%	-14.8%
MINT	Sell	PIMCO ETF ENHANCED SHORT FD	$2,126,473	-20.8%	21,235	-21.1%	0.30%	-17.4%
VZ	Sell	VERIZON COMMUNICATIONS	$2,064,381	-27.8%	63,696	-17.1%	0.29%	-24.8%
AMT	Sell	AMERN TOWER CORP CLASS A	$1,948,404	-34.0%	11,848	-22.1%	0.28%	-31.2%
DG	Sell	DOLLAR GENERAL CORPORATION	$1,908,209	-46.8%	18,036	-14.6%	0.27%	-44.7%
ILMN	Buy	ILLUMINA INC	$1,702,409	-26.4%	12,401	+0.5%	0.24%	-23.3%
XLU	Buy	SPDR SELECT SECTOR UTILITIES	$1,502,892	-9.6%	25,503	+0.3%	0.21%	-5.8%
EMR	Sell	EMERSON ELECTRIC CO	$1,485,298	+4.0%	15,381	-2.6%	0.21%	+8.3%
QQQ	Sell	INVESCO QQQ TR UNIT SER 1	$1,422,690	-5.9%	3,971	-3.0%	0.20%	-2.0%
COST	Sell	COSTCO WHSL CORP NEW	$1,363,248	-11.5%	2,413	-15.7%	0.19%	-8.1%
BX	Buy	BLACKSTONE GROUP LP	$1,344,500	+24.2%	12,549	+7.8%	0.19%	+29.3%
BA	Sell	BOEING CO	$1,319,185	-12.2%	6,882	-3.3%	0.19%	-8.4%
INTC	Sell	INTEL CORP	$1,298,231	-5.3%	36,518	-10.9%	0.18%	-1.6%
SO	Buy	SOUTHERN COMPANY	$1,173,374	-7.7%	18,130	+0.2%	0.16%	-4.1%
NUV	Sell	NUVEEN MUNICIPAL VALUE FUND INC	$1,164,546	-8.2%	140,986	-3.3%	0.16%	-4.7%
DIS	Sell	DISNEY WALT CO	$1,106,249	-47.0%	13,649	-41.6%	0.16%	-44.7%
ABT	Sell	ABBOTT LABORATORIES	$1,109,514	-11.7%	11,456	-0.7%	0.16%	-8.2%
CVS	Sell	CVS HEALTH CORP	$1,101,352	-12.1%	15,774	-12.9%	0.16%	-8.8%
EL	Sell	ESTEE LAUDER COMPANIES INC CL A	$1,060,708	-46.7%	7,338	-27.7%	0.15%	-44.4%
CMCSA	Sell	COMCAST CORP NEW CL A	$1,018,698	-15.0%	22,975	-20.4%	0.14%	-11.1%
NOC	Sell	NORTHROP GRUMMAN CORP	$1,005,834	-14.1%	2,285	-11.1%	0.14%	-10.7%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,007,032	-15.6%	17,351	-7.0%	0.14%	-12.3%
ENB	Sell	ENBRIDGE INC	$984,980	-33.8%	29,556	-26.0%	0.14%	-30.8%
SJM	Sell	JM SMUCKER CO	$957,469	-17.8%	7,790	-1.2%	0.14%	-14.6%
GOOGL	Sell	ALPHABET INC CLASS A	$922,956	+5.4%	7,053	-3.6%	0.13%	+9.2%
LMT	Sell	LOCKHEED MARTIN CORP	$904,620	-14.5%	2,212	-3.8%	0.13%	-10.5%
NKE	Sell	NIKE INC CLASS B	$899,689	-22.1%	9,409	-10.1%	0.13%	-18.6%
RTX	Sell	RAYTHEON COMPANY NEW	$885,519	-28.7%	12,304	-3.0%	0.12%	-25.6%
SYY	Sell	SYSCO CORPORATION	$862,752	-28.4%	13,062	-19.6%	0.12%	-25.2%
TSLA	Sell	TESLA MOTORS INC	$858,505	-6.1%	3,431	-1.7%	0.12%	-2.4%
T	Sell	AT & T INC	$824,797	-14.7%	54,913	-9.4%	0.12%	-11.5%
NYF	Sell	ISHARES NEW YORK MUNI BOND	$801,171	-5.1%	15,700	-0.9%	0.11%	-0.9%
CAT	Sell	CATERPILLAR INC	$794,703	-5.4%	2,911	-14.7%	0.11%	-1.8%
PSX	Sell	PHILLIPS 66	$789,145	+20.5%	6,568	-4.4%	0.11%	+24.7%
GS	Sell	GOLDMAN SACHS GROUP INC	$786,599	-9.8%	2,431	-10.1%	0.11%	-5.9%
COG	Sell	COTERRA ENERGY INC	$730,918	-37.1%	27,021	-41.2%	0.10%	-34.4%
NEE	Sell	NEXTERA ENERGY INC.	$687,766	-27.7%	12,005	-6.4%	0.10%	-24.8%
BK	Sell	THE BANK OF NY MELLON CORP	$645,799	-17.0%	15,142	-13.3%	0.09%	-13.3%
DD	Sell	DUPONT DE NEMOURS INC	$640,057	+3.8%	8,581	-0.5%	0.09%	+8.4%
SPYG	Sell	SPDR PORTFILIO S&P 500 GROWTH	$634,711	-4.9%	10,707	-2.1%	0.09%	-1.1%
DVN	Sell	DEVON ENERGY CORP	$630,928	-47.9%	13,227	-47.2%	0.09%	-45.7%
XLB	Buy	MATERIALS SELECT SECTOR SPDR ETF	$609,941	+3.3%	7,765	+9.0%	0.09%	+7.5%
CB	Sell	CHUBB LIMITED	$603,496	-5.7%	2,899	-12.7%	0.08%	-2.3%
IJR	Sell	ISHARES TR CORE S&P SMALL-CAP ETF	$564,376	-7.2%	5,983	-1.9%	0.08%	-2.4%
SPMD	Sell	SPDR PORTFOLIO S&P 400 MID CAP ETF	$546,499	-5.1%	12,480	-0.5%	0.08%	-1.3%
SPYV	Sell	SPDR PORTFILIO S&P 500 VALUE	$521,980	-5.2%	12,651	-0.8%	0.07%	-1.3%
XLRE	Buy	REAL ESTATE SELECT SECTOR SPDR	$518,239	-0.7%	15,211	+9.8%	0.07%	+2.8%
OSK	Sell	OSHKOSH CORP	$494,518	-13.9%	5,182	-21.9%	0.07%	-10.3%
ITW	Sell	ILLINOIS TOOL WORKS INC	$495,627	-15.8%	2,152	-8.5%	0.07%	-12.5%
	Sell	GENERAL ELECTRIC COMPANY	$494,711	-1.7%	4,475	-2.3%	0.07%	+2.9%
SUB	Buy	ISHARES SHORT-TERM NATIONAL	$483,442	+72.1%	4,700	+74.1%	0.07%	+78.9%
AMGN	Sell	AMGEN INC COM	$456,892	-7.5%	1,700	-23.6%	0.06%	-4.5%
IYW	Sell	ISHARES US TECHNOLOGY ETF	$455,353	-5.4%	4,340	-1.8%	0.06%	-1.5%
BCPC	Sell	BALCHEM CORP	$394,819	-15.9%	3,183	-8.6%	0.06%	-12.5%
MTB	Sell	M & T BANK CORP	$388,859	-5.4%	3,075	-7.4%	0.06%	-1.8%
O	Sell	REALTY INCOME CORP	$364,962	-18.0%	7,308	-1.9%	0.05%	-15.0%
IVV	Buy	ISHARES TRUST S&P	$347,838	+0.7%	810	+4.5%	0.05%	+4.3%
NSC	Sell	NORFOLK SOUTHERN CORP	$344,628	-31.4%	1,750	-21.1%	0.05%	-27.9%
EXR	New	EXTRA SPACE STORAGE INC	$348,205	–	2,864	–	0.05%	–
BP	Sell	BP PLC ADR	$333,340	-4.2%	8,609	-12.7%	0.05%	0.0%
KO	Sell	COCA COLA COMPANY	$331,905	-23.7%	5,929	-18.0%	0.05%	-20.3%
GLW	Sell	CORNING INC	$334,164	-43.5%	10,967	-35.0%	0.05%	-41.2%
VLO	Sell	VALERO ENERGY CORP	$322,532	-3.9%	2,276	-20.4%	0.04%	0.0%
IGM	Sell	ISHARES NORTH AMERICAN TECH	$305,744	-13.0%	800	-10.6%	0.04%	-10.4%
ED	Sell	CONSOLIDATED EDISON INC	$303,974	-19.8%	3,554	-15.2%	0.04%	-15.7%
SPG	Sell	SIMON PROPERTY GROUP INC	$301,645	-56.6%	2,792	-53.6%	0.04%	-54.3%
AFL	New	AFLAC INC	$299,095	–	3,897	–	0.04%	–
OXY	Sell	OCCIDENTAL PETROLEIM CORP	$292,414	+7.4%	4,507	-2.6%	0.04%	+10.8%
LOW	Sell	LOWES COMPANIES INC	$288,482	-29.9%	1,388	-23.9%	0.04%	-26.8%
PNC	Sell	PNC FINANCIAL SERVICES	$276,232	-38.3%	2,250	-36.7%	0.04%	-36.1%
MMM	Sell	3M COMPANY	$264,196	-32.7%	2,822	-28.1%	0.04%	-30.2%
QCOM	Sell	QUALCOMM INC	$252,995	-18.4%	2,278	-12.5%	0.04%	-14.3%
	Sell	SHELL PLC ADR	$256,232	-33.0%	3,980	-37.2%	0.04%	-30.8%
IVW	Sell	ISHARES TR S&P 500 GROWTH ETF	$232,628	-11.7%	3,400	-9.0%	0.03%	-8.3%
CI	Sell	CIGNA CORP	$233,433	-43.3%	816	-44.4%	0.03%	-41.1%
VOO	New	VANGUARD INDEX FD S&P 500 ETF	$224,624	–	572	–	0.03%	–
HAL	New	HALLIBURTON CO	$201,488	–	4,975	–	0.03%	–
NYCB	Sell	NEW YORK COMMUNITY BANCORP INC	$124,740	-0.9%	11,000	-1.8%	0.02%	+5.9%
BRSP	New	BRIGHTSPIRE CAPITAL INC.	$75,120	–	12,000	–	0.01%	–
PLG	New	PLATINUM GROUP METALS LTD	$14,860	–	13,150	–	0.00%	–
	Exit	SALTBAE CAPITAL CORP	$0	–	-15,000	–	0.00%	–
ASPR	Exit	ADSOUTH PARTNERS INC (NV)	$0	–	-10,001	–	0.00%	–
	Exit	G6 MATERIALS CORPORATION	$0	–	-16,900	–	0.00%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,593	–	-0.03%	–
BLL	Exit	BALL CORP	$0	–	-3,500	–	-0.03%	–
TFC	Exit	TRUIST FINANCIAL CORP	$0	–	-6,824	–	-0.03%	–
TROW	Exit	T. ROWE PRICE GROUP INC	$0	–	-1,850	–	-0.03%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-1,575	–	-0.03%	–
MET	Exit	METLIFE INC	$0	–	-4,106	–	-0.03%	–
IFF	Exit	INTL FLAVOR & FRAGRANCES	$0	–	-2,979	–	-0.03%	–
DOW	Exit	DOW INC	$0	–	-4,553	–	-0.03%	–
RCL	Exit	ROYAL CARIBBIAN CRUISES LTD	$0	–	-2,523	–	-0.04%	–
KHC	Exit	THE KRAFT HEINZ CO	$0	–	-7,517	–	-0.04%	–
EFA	Exit	ISHARES TR MSCI EAFE ETF	$0	–	-3,985	–	-0.04%	–
PPL	Exit	PPL CORPORATION	$0	–	-11,077	–	-0.04%	–
MGA	Exit	MAGNA INTERNATIONAL INC	$0	–	-6,305	–	-0.05%	–
LUV	Exit	SOUTHWEST AIRLINES CO	$0	–	-10,122	–	-0.05%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-1,949	–	-0.05%	–
WMB	Exit	WILLIAMS COMPANIES	$0	–	-12,087	–	-0.05%	–
AFSIM	Exit	AmTrust Financial Services Inc	$0	–	-30,000	–	-0.06%	–
HZNP	Exit	HORIZON THEAPEUTICS PLC	$0	–	-4,000	–	-0.06%	–
LSI	Exit	LIFE STORAGE INC	$0	–	-3,202	–	-0.06%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-5,625	–	-0.07%	–
JFBC	Exit	JEFFERSONVILLE BANCORP	$0	–	-31,094	–	-0.08%	–

Q2 2023

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$37,028,931	–	108,736	–	5.01%	–
AAPL	New	APPLE, INC.	$29,474,158	–	151,952	–	3.99%	–
LLY	New	ELI LILLY & COMPANY	$24,571,269	–	52,393	–	3.33%	–
ISRG	New	INTUITIVE SURGICAL INC NEW	$24,501,027	–	71,653	–	3.32%	–
NVDA	New	NVIDIA CORP	$23,486,070	–	55,520	–	3.18%	–
SPIB	New	SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	$20,390,267	–	635,013	–	2.76%	–
SHY	New	ISHARES 1-3 YEAR TREASURY BOND	$19,699,845	–	242,968	–	2.67%	–
IGSB	New	ISHARES 1-5 YEAR INVESTMENT GRAND CORP BOND	$18,831,912	–	375,362	–	2.55%	–
OCBI	New	ORANGE CNTY BANCORP INC	$18,414,160	–	612,340	–	2.49%	–
XLK	New	SPDR SECTOR TECHNOLOGY ETF	$16,453,937	–	94,639	–	2.23%	–
IEI	New	ISHARES 3-7 YEAR TREASURY BOND	$15,727,112	–	136,449	–	2.13%	–
SPY	New	SPDR S&P 500 ETF TR	$14,936,320	–	33,695	–	2.02%	–
GOOG	New	ALPHABET INC CLASS C	$14,784,470	–	122,216	–	2.00%	–
HD	New	THE HOME DEPOT INC	$13,297,471	–	42,807	–	1.80%	–
JPM	New	JP MORGAN CHASE & CO	$12,578,861	–	86,488	–	1.70%	–
XOM	New	EXXON MOBIL CORPORATION	$11,767,882	–	109,724	–	1.59%	–
SPSB	New	SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	$11,413,270	–	387,679	–	1.54%	–
TMO	New	THERMO FISHER SCIENTIFIC INC.	$11,217,387	–	21,500	–	1.52%	–
ADBE	New	ADOBE SYSTEMS INC	$10,585,656	–	21,648	–	1.43%	–
UNH	New	UNITED HEALTHCARE CORP	$10,205,627	–	21,233	–	1.38%	–
AMZN	New	AMAZON COM INC	$10,064,835	–	77,208	–	1.36%	–
MDT	New	MEDTRONIC PLC	$9,891,956	–	112,281	–	1.34%	–
PEP	New	PEPSICO INCORPORATED	$8,944,243	–	48,290	–	1.21%	–
AMD	New	ADVANCED MICRO DIVICES INC	$8,640,985	–	75,858	–	1.17%	–
MMC	New	MARSH & MCLENNAN CO INC	$8,417,332	–	44,754	–	1.14%	–
XLV	New	SPDR SECTOR HEALTH CARE ETF	$8,312,747	–	62,629	–	1.13%	–
DHR	New	DANAHER CORP	$8,185,920	–	34,108	–	1.11%	–
CSX	New	C S X CORP	$7,726,797	–	226,592	–	1.05%	–
FLOT	New	ISHARES FLOATING RATE BOND	$7,683,171	–	151,184	–	1.04%	–
V	New	VISA INC	$7,167,621	–	30,182	–	0.97%	–
AVGO	New	BROADCOM LTD	$6,819,708	–	7,862	–	0.92%	–
BAC	New	BANKAMERICA CORP	$6,754,202	–	235,420	–	0.92%	–
KLAC	New	K L A TENCOR CORP	$6,501,208	–	13,404	–	0.88%	–
CSCO	New	CISCO SYSTEMS INC	$6,383,821	–	123,383	–	0.86%	–
XLF	New	SPDR SECTOR FINANCIAL ETF	$6,343,683	–	188,184	–	0.86%	–
CRM	New	SALESFORCE COM	$6,041,191	–	28,596	–	0.82%	–
AXP	New	AMERICAN EXPRESS CORP	$6,030,281	–	34,617	–	0.82%	–
SBUX	New	STARBUCKS CORP	$5,884,788	–	59,406	–	0.80%	–
XLY	New	SPDR SECTOR CONSUMER DISCRETIONARY ETF	$5,874,407	–	34,594	–	0.80%	–
ABBV	New	ABBVIE INC COM	$5,823,839	–	43,226	–	0.79%	–
SHW	New	SHERWIN WILLIAMS CO	$5,587,337	–	21,043	–	0.76%	–
MS	New	MORGAN STANLEY	$5,521,587	–	64,656	–	0.75%	–
URI	New	UNITED RENTALS INC	$5,454,001	–	12,246	–	0.74%	–
XLI	New	SPDR SECTOR INDUSTRIAL ETF	$5,356,019	–	49,907	–	0.72%	–
XLC	New	SPDR SECTOR COMMUNICATION SERVICES ETF	$5,158,111	–	79,258	–	0.70%	–
GTLS	New	CHART INDUSTRIES INC	$4,952,531	–	30,994	–	0.67%	–
PFE	New	PFIZER INCORPORATED	$4,884,942	–	133,177	–	0.66%	–
PLD	New	PROLOGICS INC.	$4,783,796	–	39,010	–	0.65%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC. COM	$4,690,827	–	2,193	–	0.64%	–
LECO	New	LINCOLN ELEC HLDGS INC	$4,530,552	–	22,809	–	0.61%	–
CVX	New	CHEVRON CORP	$4,503,827	–	28,623	–	0.61%	–
FB	New	META PLATFORMS INC	$4,435,850	–	15,457	–	0.60%	–
NUE	New	NUCOR CORP	$4,357,768	–	26,575	–	0.59%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TR	$4,334,136	–	9,050	–	0.59%	–
AZO	New	AUTOZONE INC	$4,291,073	–	1,721	–	0.58%	–
JNJ	New	JOHNSON & JOHNSON	$4,064,952	–	24,559	–	0.55%	–
SPSM	New	SPDR PORTFOLIO S&P 600 SMALL CAP ETF	$3,643,231	–	93,801	–	0.49%	–
DG	New	DOLLAR GENERAL CORPORATION	$3,585,754	–	21,120	–	0.49%	–
WY	New	WEYERHAEUSER CO	$3,550,686	–	105,959	–	0.48%	–
DUK	New	DUKE ENERGY CORPORATION	$3,550,202	–	39,561	–	0.48%	–
ORCL	New	ORACLE CORPORATION	$3,539,414	–	29,720	–	0.48%	–
XLP	New	SPDR SECTOR CONSUMER STAPLES ETF	$3,498,228	–	47,165	–	0.47%	–
PG	New	PROCTER & GAMBLE CO	$3,437,277	–	22,652	–	0.46%	–
XLE	New	SPDR SECTOR ENERGY ETF	$3,244,203	–	39,968	–	0.44%	–
HON	New	HONEYWELL INTERNATIONAL	$3,237,830	–	15,604	–	0.44%	–
FLR	New	FLUOR CORPORATION	$3,177,501	–	107,348	–	0.43%	–
CIEN	New	CIENA CORP	$3,029,452	–	71,298	–	0.41%	–
MDLZ	New	MODELEZ INTERANTIONAL INC	$3,002,137	–	41,159	–	0.41%	–
MCD	New	MCDONALDS CORP	$2,959,996	–	9,919	–	0.40%	–
AMT	New	AMERN TOWER CORP CLASS A	$2,950,991	–	15,216	–	0.40%	–
VZ	New	VERIZON COMMUNICATIONS	$2,857,449	–	76,834	–	0.39%	–
ADP	New	AUTO DATA PROCESSING	$2,781,662	–	12,656	–	0.38%	–
WMT	New	WAL-MART STORES INC	$2,718,828	–	17,298	–	0.37%	–
MINT	New	PIMCO ETF ENHANCED SHORT FD	$2,684,143	–	26,906	–	0.36%	–
LEN	New	LENNAR CORP	$2,676,120	–	21,356	–	0.36%	–
MRK	New	MERCK & CO INC	$2,599,000	–	22,524	–	0.35%	–
COP	New	CONOCOPHILLIPS	$2,561,239	–	24,720	–	0.35%	–
GWW	New	W.W. GRAINGER INC	$2,468,287	–	3,130	–	0.33%	–
SLB	New	SCHLUMBERGER LTD	$2,463,859	–	50,160	–	0.33%	–
RMD	New	RESMED INC	$2,407,433	–	11,018	–	0.33%	–
AES	New	AES CORP	$2,365,778	–	114,123	–	0.32%	–
ILMN	New	ILLUMINA INC	$2,313,814	–	12,341	–	0.31%	–
WBS	New	WEBSTER FINL CORP	$2,279,270	–	60,378	–	0.31%	–
BKR	New	BAKER HUGHES CO	$2,245,480	–	71,037	–	0.30%	–
DIS	New	DISNEY WALT CO	$2,085,756	–	23,362	–	0.28%	–
IBM	New	INTL BUSINESS MACHINES	$2,029,764	–	15,169	–	0.28%	–
EL	New	ESTEE LAUDER COMPANIES INC CL A	$1,991,882	–	10,143	–	0.27%	–
XLU	New	SPDR SELECT SECTOR UTILITIES	$1,663,158	–	25,415	–	0.22%	–
COST	New	COSTCO WHSL CORP NEW	$1,540,844	–	2,862	–	0.21%	–
QQQ	New	INVESCO QQQ TR UNIT SER 1	$1,511,667	–	4,092	–	0.20%	–
BA	New	BOEING CO	$1,502,451	–	7,115	–	0.20%	–
ENB	New	ENBRIDGE INC	$1,487,132	–	39,960	–	0.20%	–
EMR	New	EMERSON ELECTRIC CO	$1,428,030	–	15,799	–	0.19%	–
INTC	New	INTEL CORP	$1,370,687	–	40,989	–	0.19%	–
NUV	New	NUVEEN MUNICIPAL VALUE FUND INC	$1,268,775	–	145,836	–	0.17%	–
SO	New	SOUTHERN COMPANY	$1,271,033	–	18,093	–	0.17%	–
CVS	New	CVS HEALTH CORP	$1,252,301	–	18,115	–	0.17%	–
ABT	New	ABBOTT LABORATORIES	$1,257,110	–	11,531	–	0.17%	–
RTX	New	RAYTHEON COMPANY NEW	$1,242,721	–	12,686	–	0.17%	–
DVN	New	DEVON ENERGY CORP	$1,211,739	–	25,067	–	0.16%	–
SYY	New	SYSCO CORPORATION	$1,205,609	–	16,248	–	0.16%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,193,733	–	18,667	–	0.16%	–
CMCSA	New	COMCAST CORP NEW CL A	$1,198,663	–	28,849	–	0.16%	–
NOC	New	NORTHROP GRUMMAN CORP	$1,171,406	–	2,570	–	0.16%	–
SJM	New	JM SMUCKER CO	$1,164,378	–	7,885	–	0.16%	–
COG	New	COTERRA ENERGY INC	$1,162,636	–	45,954	–	0.16%	–
NKE	New	NIKE INC CLASS B	$1,154,691	–	10,462	–	0.16%	–
BX	New	BLACKSTONE GROUP LP	$1,082,264	–	11,641	–	0.15%	–
LMT	New	LOCKHEED MARTIN CORP	$1,058,414	–	2,299	–	0.14%	–
T	New	AT & T INC	$966,463	–	60,593	–	0.13%	–
NEE	New	NEXTERA ENERGY INC.	$951,467	–	12,823	–	0.13%	–
TSLA	New	TESLA MOTORS INC	$914,101	–	3,492	–	0.12%	–
GOOGL	New	ALPHABET INC CLASS A	$875,725	–	7,316	–	0.12%	–
GS	New	GOLDMAN SACHS GROUP INC	$872,148	–	2,704	–	0.12%	–
FLO	New	FLOWERS FOODS INC	$864,928	–	34,764	–	0.12%	–
CAT	New	CATERPILLAR INC	$840,015	–	3,414	–	0.11%	–
NYF	New	ISHARES NEW YORK MUNI BOND	$844,171	–	15,850	–	0.11%	–
CMC	New	COMMERCIAL METALS CO	$795,693	–	15,110	–	0.11%	–
BK	New	THE BANK OF NY MELLON CORP	$777,712	–	17,469	–	0.10%	–
SPG	New	SIMON PROPERTY GROUP INC	$694,293	–	6,012	–	0.09%	–
SPYG	New	SPDR PORTFILIO S&P 500 GROWTH	$667,571	–	10,942	–	0.09%	–
PSX	New	PHILLIPS 66	$655,070	–	6,868	–	0.09%	–
CB	New	CHUBB LIMITED	$639,668	–	3,322	–	0.09%	–
DD	New	DUPONT DE NEMOURS INC	$616,384	–	8,628	–	0.08%	–
PFF	New	ISHARES TR S&P US PFD STK INDE	$615,971	–	19,915	–	0.08%	–
IJR	New	ISHARES TR CORE S&P SMALL-CAP ETF	$607,965	–	6,101	–	0.08%	–
GLW	New	CORNING INC	$591,616	–	16,884	–	0.08%	–
XLB	New	MATERIALS SELECT SECTOR SPDR ETF	$590,283	–	7,123	–	0.08%	–
JFBC	New	JEFFERSONVILLE BANCORP	$590,786	–	31,094	–	0.08%	–
ITW	New	ILLINOIS TOOL WORKS INC	$588,376	–	2,352	–	0.08%	–
SPMD	New	SPDR PORTFOLIO S&P 400 MID CAP ETF	$575,598	–	12,543	–	0.08%	–
OSK	New	OSHKOSH CORP	$574,525	–	6,635	–	0.08%	–
SPYV	New	SPDR PORTFILIO S&P 500 VALUE	$550,843	–	12,751	–	0.08%	–
CSWI	New	CSW INDUSTRIALS INC	$533,802	–	3,212	–	0.07%	–
CAH	New	CARDINAL HEALTH INC	$531,956	–	5,625	–	0.07%	–
SUN	New	SUNOCO LP COM	$522,720	–	12,000	–	0.07%	–
XLRE	New	REAL ESTATE SELECT SECTOR SPDR	$522,006	–	13,850	–	0.07%	–
	New	GENERAL ELECTRIC COMPANY	$503,333	–	4,582	–	0.07%	–
ALB	New	ALBEMARLE CORP	$504,183	–	2,260	–	0.07%	–
NSC	New	NORFOLK SOUTHERN CORP	$502,727	–	2,217	–	0.07%	–
AMGN	New	AMGEN INC COM	$493,772	–	2,224	–	0.07%	–
IYW	New	ISHARES US TECHNOLOGY ETF	$481,205	–	4,420	–	0.06%	–
BCPC	New	BALCHEM CORP	$469,543	–	3,483	–	0.06%	–
PNC	New	PNC FINANCIAL SERVICES	$448,004	–	3,557	–	0.06%	–
O	New	REALTY INCOME CORP	$445,196	–	7,446	–	0.06%	–
KO	New	COCA COLA COMPANY	$435,270	–	7,228	–	0.06%	–
LSI	New	LIFE STORAGE INC	$425,738	–	3,202	–	0.06%	–
HZNP	New	HORIZON THEAPEUTICS PLC	$411,400	–	4,000	–	0.06%	–
LOW	New	LOWES COMPANIES INC	$411,451	–	1,823	–	0.06%	–
CI	New	CIGNA CORP	$411,921	–	1,468	–	0.06%	–
MTB	New	M & T BANK CORP	$410,908	–	3,320	–	0.06%	–
IRM	New	IRON MOUNTAIN INC	$405,979	–	7,145	–	0.06%	–
AFSIM	New	AmTrust Financial Services Inc	$406,500	–	30,000	–	0.06%	–
MA	New	MASTERCARD INC	$409,819	–	1,042	–	0.06%	–
WMB	New	WILLIAMS COMPANIES	$394,399	–	12,087	–	0.05%	–
MMM	New	3M COMPANY	$392,663	–	3,923	–	0.05%	–
	New	SHELL PLC ADR	$382,507	–	6,335	–	0.05%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$381,556	–	1,949	–	0.05%	–
ED	New	CONSOLIDATED EDISON INC	$378,866	–	4,191	–	0.05%	–
LUV	New	SOUTHWEST AIRLINES CO	$366,518	–	10,122	–	0.05%	–
MGA	New	MAGNA INTERNATIONAL INC	$355,854	–	6,305	–	0.05%	–
IGM	New	ISHARES NORTH AMERICAN TECH	$351,619	–	895	–	0.05%	–
BP	New	BP PLC ADR	$347,854	–	9,857	–	0.05%	–
IVV	New	ISHARES TRUST S&P	$345,425	–	775	–	0.05%	–
VLO	New	VALERO ENERGY CORP	$335,478	–	2,860	–	0.04%	–
QCOM	New	QUALCOMM INC	$309,980	–	2,604	–	0.04%	–
ABR	New	Arbor Realty Trust Inc	$296,400	–	20,000	–	0.04%	–
HSY	New	THE HERSHEY CO	$292,149	–	1,170	–	0.04%	–
PPL	New	PPL CORPORATION	$293,097	–	11,077	–	0.04%	–
HUBB	New	HUBBELL INC	$298,404	–	900	–	0.04%	–
EFA	New	ISHARES TR MSCI EAFE ETF	$288,912	–	3,985	–	0.04%	–
SUB	New	ISHARES SHORT-TERM NATIONAL	$280,908	–	2,700	–	0.04%	–
ATRI	New	ATRION CORP	$282,850	–	500	–	0.04%	–
PCEF	New	INVESCO EX TR FD TR II CEF INCOME COM	$283,928	–	15,704	–	0.04%	–
GPC	New	GENUINE PARTS CO	$276,691	–	1,635	–	0.04%	–
OXY	New	OCCIDENTAL PETROLEIM CORP	$272,185	–	4,629	–	0.04%	–
DLR	New	DIGITAL REALTY TRUST, INC.	$265,773	–	2,334	–	0.04%	–
IVW	New	ISHARES TR S&P 500 GROWTH ETF	$263,313	–	3,736	–	0.04%	–
KHC	New	THE KRAFT HEINZ CO	$266,849	–	7,517	–	0.04%	–
RCL	New	ROYAL CARIBBIAN CRUISES LTD	$261,736	–	2,523	–	0.04%	–
NEA	New	NUVEEN AMT FREE MUN INCOME FD	$260,899	–	23,870	–	0.04%	–
DOW	New	DOW INC	$242,475	–	4,553	–	0.03%	–
IFF	New	INTL FLAVOR & FRAGRANCES	$237,099	–	2,979	–	0.03%	–
MET	New	METLIFE INC	$232,112	–	4,106	–	0.03%	–
KMB	New	KIMBERLY-CLARK CORP	$217,444	–	1,575	–	0.03%	–
BLL	New	BALL CORP	$203,735	–	3,500	–	0.03%	–
TROW	New	T. ROWE PRICE GROUP INC	$207,237	–	1,850	–	0.03%	–
MO	New	ALTRIA GROUP INC	$208,063	–	4,593	–	0.03%	–
TFC	New	TRUIST FINANCIAL CORP	$207,108	–	6,824	–	0.03%	–
RC	New	READY CAPITAL CORPORATION	$177,096	–	15,700	–	0.02%	–
AGNC	New	AGNC INVESTMENT CORP	$162,080	–	16,000	–	0.02%	–
NRZ	New	RITHM CAPITAL	$164,560	–	17,600	–	0.02%	–
NYCB	New	NEW YORK COMMUNITY BANCORP INC	$125,888	–	11,200	–	0.02%	–
NVG	New	NUVEEN AMT FREE MUNICIPAL CREDIT INCOME FD	$122,850	–	10,500	–	0.02%	–
NZF	New	NUVEEN MUNICIPAL CR INCOME FD	$122,430	–	10,500	–	0.02%	–
NMZ	New	NUVEEN MUN HIGH INCOME OPP FD	$121,555	–	11,500	–	0.02%	–
ECC	New	EAGLE POINT CREDIT CO LLC	$106,680	–	10,500	–	0.01%	–
CHMI	New	CHERRY HILL MTG INVT CORP	$57,960	–	12,000	–	0.01%	–
	New	G6 MATERIALS CORPORATION	$255	–	16,900	–	0.00%	–
PIRS	New	PIERIS PHARMACEUTICALS INC	$2,317	–	14,000	–	0.00%	–
ASPR	New	ADSOUTH PARTNERS INC (NV)	$5	–	10,001	–	0.00%	–
	New	SALTBAE CAPITAL CORP	$0	–	15,000	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	G6 MATERIALS CORPORATION	$0	–	-16,900	–	0.00%	–
	Exit	SALTBAE CAPITAL CORP	$0	–	-15,000	–	0.00%	–
ASPR	Exit	ADSOUTH PARTNERS INC (NV)	$0	–	-10,001	–	0.00%	–
PLG	Exit	PLATINUM GROUP METALS LTD	$0	–	-13,150	–	-0.00%	–
TWO	Exit	TWO HARBORS INVESTMENT CORP	$0	–	-15,350	–	-0.01%	–
AGNC	Exit	AGNC INVESTMENT CORP	$0	–	-12,000	–	-0.02%	–
LUMN	Exit	LUMEN TECHNOLOGIES	$0	–	-15,006	–	-0.02%	–
UNIT	Exit	UNITI CORP	$0	–	-14,900	–	-0.02%	–
NRZ	Exit	RITHM CAPITAL	$0	–	-14,300	–	-0.02%	–
NZF	Exit	NUVEEN MUNICIPAL CR INCOME FD	$0	–	-10,500	–	-0.02%	–
RC	Exit	READY CAPITAL CORPORATION	$0	–	-11,700	–	-0.02%	–
BERK	Exit	BERKSHIRE BANCORP INC DEL COM	$0	–	-10,816	–	-0.02%	–
NMZ	Exit	NUVEEN MUN HIGH INCOME OPP FD	$0	–	-11,500	–	-0.02%	–
ECC	Exit	EAGLE POINT CREDIT CO LLC	$0	–	-10,500	–	-0.02%	–
NVG	Exit	NUVEEN AMT FREE MUNICIPAL CREDIT INCOME FD	$0	–	-10,500	–	-0.02%	–
AINV	Exit	MIDCAP FINANCIAL INVESTMENT CORPORATION	$0	–	-13,000	–	-0.02%	–
F	Exit	FORD MOTOR COMPANY	$0	–	-11,567	–	-0.02%	–
PCEF	Exit	INVESCO EX TR FD TR II CEF INCOME COM	$0	–	-10,304	–	-0.03%	–
HUBB	Exit	HUBBELL INC	$0	–	-900	–	-0.03%	–
HAL	Exit	HALLIBURTON CO	$0	–	-8,430	–	-0.03%	–
DOW	Exit	DOW INC	$0	–	-4,623	–	-0.03%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-6,797	–	-0.03%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-2,521	–	-0.04%	–
ABR	Exit	Arbor Realty Trust Inc	$0	–	-20,000	–	-0.04%	–
SPEM	Exit	SPDR PORTFOLIO EMERGING MARKETS ETF	$0	–	-7,501	–	-0.04%	–
DLR	Exit	DIGITAL REALTY TRUST, INC.	$0	–	-2,334	–	-0.04%	–
NEA	Exit	NUVEEN AMT FREE MUN INCOME FD	$0	–	-22,000	–	-0.04%	–
RCL	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-6,192	–	-0.04%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-1,635	–	-0.04%	–
SCHW	Exit	CHARLES SCHWAB CORP	$0	–	-3,372	–	-0.04%	–
IGM	Exit	ISHARES NORTH AMERICAN TECH	$0	–	-905	–	-0.04%	–
HSY	Exit	THE HERSHEY CO	$0	–	-1,170	–	-0.04%	–
XLRE	Exit	REAL ESTATE SELECT SECTOR SPDR	$0	–	-7,528	–	-0.04%	–
	Exit	GENERAL ELECTRIC COMPANY	$0	–	-4,326	–	-0.04%	–
XLB	Exit	MATERIALS SELECT SECTOR SPDR ETF	$0	–	-4,106	–	-0.04%	–
IRM	Exit	IRON MOUNTAIN INC	$0	–	-6,400	–	-0.04%	–
IVW	Exit	ISHARES TR S&P 500 GROWTH	$0	–	-775	–	-0.04%	–
OXY	Exit	OCCIDENTAL PETROLEIM CORP	$0	–	-4,629	–	-0.05%	–
KHC	Exit	THE KRAFT HEINZ CO	$0	–	-8,626	–	-0.05%	–
BP	Exit	BP PLC ADR	$0	–	-10,057	–	-0.05%	–
MA	Exit	MASTERCARD INC	$0	–	-1,042	–	-0.05%	–
EMB	Exit	ISHARES TR JPMORGAN EMERING MKTS BD FD	$0	–	-3,762	–	-0.05%	–
	Exit	SHELL PLC ADR	$0	–	-6,130	–	-0.05%	–
TROW	Exit	T. ROWE PRICE GROUP INC	$0	–	-2,975	–	-0.05%	–
STOR	Exit	STORE CAPITAL CORP	$0	–	-10,147	–	-0.05%	–
MET	Exit	METLIFE INC	$0	–	-5,252	–	-0.05%	–
IYW	Exit	ISHARES US TECHNOLOGY ETF	$0	–	-4,715	–	-0.06%	–
LSI	Exit	LIFE STORAGE INC	$0	–	-3,202	–	-0.06%	–
SPMD	Exit	SPDR PORTFOLIO S&P 400 MID CAP ETF	$0	–	-9,439	–	-0.06%	–
KMX	Exit	CARMAX INC	$0	–	-5,525	–	-0.06%	–
IFF	Exit	INTL FLAVOR & FRAGRANCES	$0	–	-4,126	–	-0.06%	–
SPYV	Exit	SPDR PORTFILIO S&P 500 VALUE	$0	–	-10,830	–	-0.06%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-2,018	–	-0.06%	–
WMB	Exit	WILLIAMS COMPANIES	$0	–	-13,535	–	-0.06%	–
CSWI	Exit	CSW INDUSTRIALS INC	$0	–	-3,212	–	-0.06%	–
SSNC	Exit	SS&C TECHNOLOGIES HOLDINGS, INC.	$0	–	-8,149	–	-0.06%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GROUP INC	$0	–	-6,975	–	-0.06%	–
PNW	Exit	PINNACLE WEST CAPITAL	$0	–	-6,093	–	-0.06%	–
KO	Exit	COCA COLA COMPANY	$0	–	-7,178	–	-0.06%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-6,267	–	-0.06%	–
LNT	Exit	ALLIANT ENERGY CORP	$0	–	-7,631	–	-0.06%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-6,051	–	-0.06%	–
DTE	Exit	D T E ENERGY COMPANY	$0	–	-3,641	–	-0.07%	–
CMS	Exit	CMS ENERGY CORP	$0	–	-7,184	–	-0.07%	–
BCPC	Exit	BALCHEM CORP	$0	–	-3,483	–	-0.07%	–
MGA	Exit	MAGNA INTERNATIONAL INC	$0	–	-8,906	–	-0.07%	–
O	Exit	REALTY INCOME CORP	$0	–	-7,380	–	-0.07%	–
OGE	Exit	OGE ENERGY CORP	$0	–	-11,881	–	-0.07%	–
AEP	Exit	AMERICAN ELECTICAL POWER COMPANY INC	$0	–	-5,050	–	-0.07%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-8,675	–	-0.07%	–
PPL	Exit	PPL CORPORATION	$0	–	-17,170	–	-0.07%	–
SPYG	Exit	SPDR PORTFILIO S&P 500 GROWTH	$0	–	-8,748	–	-0.07%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-2,140	–	-0.07%	–
QCOM	Exit	QUALCOMM INC	$0	–	-3,904	–	-0.07%	–
UTL	Exit	UNITIL CORP	$0	–	-9,464	–	-0.07%	–
EFA	Exit	ISHARES TR MSCI EAFE ETF	$0	–	-8,065	–	-0.07%	–
SUN	Exit	SUNOCO LP COM	$0	–	-12,000	–	-0.08%	–
MMM	Exit	3M COMPANY	$0	–	-4,266	–	-0.08%	–
TFC	Exit	TRUIST FINANCIAL CORP	$0	–	-10,883	–	-0.08%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-4,515	–	-0.08%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-2,273	–	-0.08%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-2,697	–	-0.08%	–
CI	Exit	CIGNA CORP	$0	–	-1,782	–	-0.08%	–
AMGN	Exit	AMGEN INC COM	$0	–	-2,214	–	-0.08%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-15,410	–	-0.09%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-5,550	–	-0.09%	–
PSX	Exit	PHILLIPS 66	$0	–	-7,346	–	-0.10%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-2,260	–	-0.10%	–
CAT	Exit	CATERPILLAR INC	$0	–	-3,681	–	-0.10%	–
IJR	Exit	ISHARES TR CORE S&P SMALL-CAP ETF	$0	–	-7,159	–	-0.10%	–
GLW	Exit	CORNING INC	$0	–	-21,459	–	-0.10%	–
JFBC	Exit	JEFFERSONVILLE BANCORP	$0	–	-31,094	–	-0.10%	–
OSK	Exit	OSHKOSH CORP	$0	–	-9,226	–	-0.10%	–
PNC	Exit	PNC FINANCIAL SERVICES	$0	–	-4,437	–	-0.11%	–
SPSM	Exit	SPDR PORTFOLIO S&P 600 SMALL CAP ETF	$0	–	-19,793	–	-0.11%	–
MTB	Exit	M & T BANK CORP	$0	–	-3,805	–	-0.11%	–
CB	Exit	CHUBB LIMITED	$0	–	-3,701	–	-0.11%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-7,220	–	-0.11%	–
BK	Exit	THE BANK OF NY MELLON CORP	$0	–	-19,382	–	-0.12%	–
LUV	Exit	SOUTHWEST AIRLINES CO	$0	–	-25,365	–	-0.12%	–
VCSH	Exit	VANGUARD SCOTTSDALE FUNDS SHORT TERM CORP	$0	–	-10,965	–	-0.13%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-2,851	–	-0.13%	–
NYF	Exit	ISHARES NEW YORK MUNI BOND	$0	–	-16,950	–	-0.14%	–
T	Exit	AT & T INC	$0	–	-55,924	–	-0.14%	–
FLO	Exit	FLOWERS FOODS INC	$0	–	-34,764	–	-0.14%	–
TSLA	Exit	TESLA MOTORS INC	$0	–	-3,387	–	-0.14%	–
BA	Exit	BOEING CO	$0	–	-7,480	–	-0.14%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,722	–	-0.17%	–
NEE	Exit	NEXTERA ENERGY INC.	$0	–	-13,477	–	-0.17%	–
RTX	Exit	RAYTHEON COMPANY NEW	$0	–	-13,069	–	-0.17%	–
LEN	Exit	LENNAR CORP	$0	–	-14,650	–	-0.18%	–
SJM	Exit	JM SMUCKER CO	$0	–	-7,992	–	-0.18%	–
QQQ	Exit	INVESCO QQQ TR UNIT SER 1	$0	–	-4,207	–	-0.18%	–
BX	Exit	BLACKSTONE GROUP LP	$0	–	-13,814	–	-0.18%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-12,202	–	-0.19%	–
SPG	Exit	SIMON PROPERTY GROUP INC	$0	–	-13,478	–	-0.19%	–
INTC	Exit	INTEL CORP	$0	–	-47,557	–	-0.20%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-14,844	–	-0.20%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-18,370	–	-0.20%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-2,670	–	-0.20%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-17,211	–	-0.20%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-44,769	–	-0.21%	–
NUV	Exit	NUVEEN MUNICIPAL VALUE FUND INC	$0	–	-163,711	–	-0.22%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-20,586	–	-0.24%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-41,812	–	-0.24%	–
XLU	Exit	SPDR SELECT SECTOR UTILITIES	$0	–	-23,032	–	-0.24%	–
GTLS	Exit	CHART INDUSTRIES INC	$0	–	-8,398	–	-0.25%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-58,107	–	-0.27%	–
NUE	Exit	NUCOR CORP	$0	–	-16,020	–	-0.28%	–
FLR	Exit	FLUOR CORPORATION	$0	–	-70,132	–	-0.28%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-18,912	–	-0.29%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-26,422	–	-0.30%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-31,551	–	-0.31%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-16,284	–	-0.31%	–
URI	Exit	UNITED RENTALS INC	$0	–	-7,274	–	-0.32%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-4,226	–	-0.32%	–
COG	Exit	COTERRA ENERGY INC	$0	–	-78,235	–	-0.33%	–
MDLZ	Exit	MODELEZ INTERANTIONAL INC	$0	–	-39,053	–	-0.34%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-17,285	–	-0.35%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-26,189	–	-0.35%	–
DVN	Exit	DEVON ENERGY CORP	$0	–	-37,193	–	-0.36%	–
MCD	Exit	MCDONALDS CORP	$0	–	-9,954	–	-0.37%	–
AES	Exit	AES CORP	$0	–	-101,941	–	-0.37%	–
ENB	Exit	ENBRIDGE INC	$0	–	-62,725	–	-0.38%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INC. COM	$0	–	-1,560	–	-0.38%	–
MRK	Exit	MERCK & CO INC	$0	–	-27,669	–	-0.38%	–
RMD	Exit	RESMED INC	$0	–	-11,018	–	-0.39%	–
PKI	Exit	PERKINELMER INC	$0	–	-21,236	–	-0.41%	–
SLY	Exit	SPDR S&P 600 SMALL CAP ETF	$0	–	-34,102	–	-0.41%	–
KLAC	Exit	K L A TENCOR CORP	$0	–	-8,559	–	-0.42%	–
AXP	Exit	AMERICAN EXPRESS CORP	$0	–	-19,957	–	-0.43%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-20,751	–	-0.43%	–
ILMN	Exit	ILLUMINA INC	$0	–	-14,132	–	-0.43%	–
CIEN	Exit	CIENA CORP	$0	–	-67,763	–	-0.44%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-26,940	–	-0.44%	–
XLE	Exit	SPDR SECTOR ENERGY ETF	$0	–	-39,446	–	-0.46%	–
XLP	Exit	SPDR SECTOR CONSUMER STAPLES ETF	$0	–	-42,937	–	-0.46%	–
AZO	Exit	AUTOZONE INC	$0	–	-1,385	–	-0.48%	–
WBS	Exit	WEBSTER FINL CORP	$0	–	-66,355	–	-0.48%	–
EL	Exit	ESTEE LAUDER COMPANIES INC CL A	$0	–	-13,973	–	-0.48%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-23,999	–	-0.49%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-14,113	–	-0.51%	–
HON	Exit	HONEYWELL INTERNATIONAL	$0	–	-19,156	–	-0.51%	–
MINT	Exit	PIMCO ETF ENHANCED SHORT FD	$0	–	-32,460	–	-0.52%	–
PLD	Exit	PROLOGICS INC.	$0	–	-32,774	–	-0.53%	–
XLC	Exit	SPDR SECTOR COMMUNICATION SERVICES ETF	$0	–	-72,177	–	-0.56%	–
XLI	Exit	SPDR SECTOR INDUSTRIAL ETF	$0	–	-46,014	–	-0.61%	–
MS	Exit	MORGAN STANLEY	$0	–	-50,532	–	-0.64%	–
AVGO	Exit	BROADCOM LTD	$0	–	-9,059	–	-0.64%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TR	$0	–	-10,109	–	-0.65%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-103,309	–	-0.66%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-20,369	–	-0.67%	–
DIS	Exit	DISNEY WALT CO	$0	–	-44,645	–	-0.68%	–
CVX	Exit	CHEVRON CORP	$0	–	-30,000	–	-0.69%	–
AMD	Exit	ADVANCED MICRO DIVICES INC	$0	–	-68,191	–	-0.69%	–
AMT	Exit	AMERN TOWER CORP CLASS A	$0	–	-20,162	–	-0.69%	–
XLY	Exit	SPDR SECTOR CONSUMER DISCRETIONARY ETF	$0	–	-31,044	–	-0.71%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-117,026	–	-0.71%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-27,260	–	-0.71%	–
FB	Exit	META PLATFORMS INC	$0	–	-33,036	–	-0.72%	–
CRM	Exit	SALESFORCE COM	$0	–	-31,828	–	-0.73%	–
V	Exit	VISA INC	$0	–	-27,268	–	-0.78%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-54,251	–	-0.81%	–
XLF	Exit	SPDR SECTOR FINANCIAL ETF	$0	–	-169,064	–	-0.82%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-41,495	–	-0.89%	–
DG	Exit	DOLLAR GENERAL CORPORATION	$0	–	-23,990	–	-0.92%	–
CSX	Exit	C S X CORP	$0	–	-216,274	–	-0.92%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-22,239	–	-0.98%	–
MMC	Exit	MARSH & MCLENNAN CO INC	$0	–	-41,421	–	-0.99%	–
BAC	Exit	BANKAMERICA CORP	$0	–	-216,105	–	-1.05%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-149,608	–	-1.05%	–
FLOT	Exit	ISHARES FLOATING RATE BOND	$0	–	-132,903	–	-1.07%	–
XLV	Exit	SPDR SECTOR HEALTH CARE ETF	$0	–	-56,971	–	-1.11%	–
SPSB	Exit	SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	$0	–	-237,858	–	-1.12%	–
NVDA	Exit	NVIDIA CORP	$0	–	-58,221	–	-1.13%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-85,448	–	-1.20%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-49,326	–	-1.29%	–
AMZN	Exit	AMAZON COM INC	$0	–	-71,482	–	-1.30%	–
DHR	Exit	DANAHER CORP	$0	–	-31,543	–	-1.31%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-83,399	–	-1.40%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-118,824	–	-1.54%	–
XLK	Exit	SPDR SECTOR TECHNOLOGY ETF	$0	–	-84,942	–	-1.62%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-119,911	–	-1.85%	–
SPIB	Exit	SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	$0	–	-369,243	–	-1.86%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-22,949	–	-1.86%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC.	$0	–	-23,260	–	-1.89%	–
SPY	Exit	SPDR S&P 500 ETF TR	$0	–	-34,428	–	-1.97%	–
HD	Exit	THE HOME DEPOT INC	$0	–	-46,602	–	-2.06%	–
ISRG	Exit	INTUITIVE SURGICAL INC NEW	$0	–	-75,163	–	-2.26%	–
PFF	Exit	ISHARES TR S&P US PFD STK INDE	$0	–	-489,571	–	-2.49%	–
IEI	Exit	ISHARES 3-7 YEAR TREASURY BOND	$0	–	-146,587	–	-2.69%	–
LLY	Exit	ELI LILLY & COMPANY	$0	–	-55,165	–	-2.86%	–
AAPL	Exit	APPLE, INC.	$0	–	-144,570	–	-3.20%	–
IGSB	Exit	ISHARES 1-5 YEAR INVESTMENT GRAND CORP BOND	$0	–	-421,375	–	-3.33%	–
OCBI	Exit	ORANGE CNTY BANCORP INC	$0	–	-609,476	–	-3.76%	–
SHY	Exit	ISHARES 1-3 YEAR TREASURY BOND	$0	–	-310,023	–	-4.04%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-111,580	–	-4.17%	–

Q3 2022

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$25,987,000	-3.1%	111,580	+6.8%	4.17%	-0.2%
SHY	Sell	ISHARES 1-3 YEAR TREASURY BOND	$25,177,000	-20.5%	310,023	-19.0%	4.04%	-18.1%
OCBI	Sell	ORANGE CNTY BANCORP INC	$23,465,000	-1.0%	609,476	-2.3%	3.76%	+2.1%
IGSB	Sell	ISHARES 1-5 YEAR INVESTMENT GRAND CORP BOND	$20,765,000	-2.7%	421,375	-0.2%	3.33%	+0.3%
AAPL	Buy	APPLE, INC.	$19,980,000	+5.7%	144,570	+4.6%	3.20%	+8.9%
LLY	Sell	ELI LILLY & COMPANY	$17,838,000	-0.7%	55,165	-0.4%	2.86%	+2.4%
IEI	Sell	ISHARES 3-7 YEAR TREASURY BOND	$16,752,000	-5.2%	146,587	-1.0%	2.69%	-2.3%
PFF	New	ISHARES TR S&P US PFD STK INDE	$15,505,000	–	489,571	–	2.49%	–
HD	Sell	THE HOME DEPOT INC	$12,859,000	-0.4%	46,602	-1.1%	2.06%	+2.6%
SPY	Sell	SPDR S&P 500 ETF TR	$12,297,000	-6.8%	34,428	-1.5%	1.97%	-3.9%
TMO	Sell	THERMO FISHER SCIENTIFIC INC.	$11,797,000	-9.2%	23,260	-2.8%	1.89%	-6.4%
UNH	Buy	UNITED HEALTHCARE CORP	$11,590,000	+6.3%	22,949	+8.2%	1.86%	+9.5%
SPIB	Buy	SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	$11,565,000	+77.9%	369,243	+85.3%	1.86%	+83.3%
GOOG	Buy	ALPHABET INC CLASS C	$11,529,000	-9.9%	119,911	+1950.5%	1.85%	-7.1%
XLK	Buy	SPDR SECTOR TECHNOLOGY ETF	$10,089,000	-2.1%	84,942	+4.8%	1.62%	+0.9%
MDT	Sell	MEDTRONIC PLC	$9,595,000	-12.5%	118,824	-2.7%	1.54%	-9.8%
JPM	Buy	JP MORGAN CHASE & CO	$8,715,000	+1.9%	83,399	+9.8%	1.40%	+5.0%
DHR	Buy	DANAHER CORP	$8,147,000	+2.0%	31,543	+0.1%	1.31%	+5.1%
AMZN	Buy	AMAZON COM INC	$8,077,000	+15.4%	71,482	+8.5%	1.30%	+19.0%
PEP	Buy	PEPSICO INCORPORATED	$8,053,000	-1.4%	49,326	+0.7%	1.29%	+1.7%
XOM	Sell	EXXON MOBIL CORPORATION	$7,460,000	+1.8%	85,448	-0.1%	1.20%	+5.0%
NVDA	Buy	NVIDIA CORP	$7,067,000	-18.1%	58,221	+2.2%	1.13%	-15.6%
SPSB	Buy	SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	$6,950,000	+3.6%	237,858	+5.4%	1.12%	+6.7%
XLV	Buy	SPDR SECTOR HEALTH CARE ETF	$6,900,000	-3.8%	56,971	+1.9%	1.11%	-0.8%
FLOT	Buy	ISHARES FLOATING RATE BOND	$6,681,000	+8.6%	132,903	+7.8%	1.07%	+11.9%
PFE	Buy	PFIZER INCORPORATED	$6,547,000	-3.5%	149,608	+15.7%	1.05%	-0.6%
BAC	Buy	BANKAMERICA CORP	$6,526,000	-1.2%	216,105	+1.9%	1.05%	+1.8%
MMC	Sell	MARSH & MCLENNAN CO INC	$6,184,000	-4.3%	41,421	-0.5%	0.99%	-1.4%
ADBE	Sell	ADOBE SYSTEMS INC	$6,120,000	-26.3%	22,239	-2.0%	0.98%	-24.1%
CSX	Buy	C S X CORP	$5,762,000	-5.7%	216,274	+2.9%	0.92%	-2.8%
DG	Buy	DOLLAR GENERAL CORPORATION	$5,754,000	+1.1%	23,990	+3.4%	0.92%	+4.2%
ABBV	New	ABBVIE INC COM	$5,569,000	–	41,495	–	0.89%	–
XLF	Buy	SPDR SECTOR FINANCIAL ETF	$5,133,000	-1.3%	169,064	+2.2%	0.82%	+1.6%
DUK	Buy	DUKE ENERGY CORPORATION	$5,046,000	-10.9%	54,251	+2.7%	0.81%	-8.3%
V	Buy	VISA INC	$4,844,000	-4.5%	27,268	+5.9%	0.78%	-1.5%
CRM	Buy	SALESFORCE COM	$4,578,000	-9.6%	31,828	+3.7%	0.73%	-6.9%
FB	Sell	META PLATFORMS INC	$4,482,000	-16.3%	33,036	-0.5%	0.72%	-13.8%
JNJ	Buy	JOHNSON & JOHNSON	$4,453,000	+2.5%	27,260	+11.4%	0.71%	+5.6%
VZ	Sell	VERIZON COMMUNICATIONS	$4,443,000	-25.2%	117,026	-0.0%	0.71%	-22.9%
XLY	Buy	SPDR SECTOR CONSUMER DISCRETIONARY ETF	$4,422,000	+9.6%	31,044	+5.8%	0.71%	+12.9%
AMT	Buy	AMERN TOWER CORP CLASS A	$4,329,000	-15.3%	20,162	+0.8%	0.69%	-12.8%
AMD	Buy	ADVANCED MICRO DIVICES INC	$4,321,000	+0.6%	68,191	+21.4%	0.69%	+3.6%
CVX	Buy	CHEVRON CORP	$4,310,000	+40.4%	30,000	+41.5%	0.69%	+44.6%
DIS	Buy	DISNEY WALT CO	$4,211,000	+1.9%	44,645	+1.9%	0.68%	+5.0%
SHW	Sell	SHERWIN WILLIAMS CO	$4,171,000	-9.2%	20,369	-0.7%	0.67%	-6.4%
CSCO	Buy	CISCO SYSTEMS INC	$4,132,000	+0.7%	103,309	+7.4%	0.66%	+3.8%
MDY	Sell	SPDR S&P MIDCAP 400 ETF TR	$4,060,000	-6.6%	10,109	-3.9%	0.65%	-3.8%
AVGO	New	BROADCOM LTD	$4,022,000	–	9,059	–	0.64%	–
MS	Buy	MORGAN STANLEY	$3,992,000	+6.7%	50,532	+2.7%	0.64%	+10.0%
XLI	Buy	SPDR SECTOR INDUSTRIAL ETF	$3,812,000	-3.6%	46,014	+1.6%	0.61%	-0.6%
XLC	Buy	SPDR SECTOR COMMUNICATION SERVICES ETF	$3,457,000	-7.7%	72,177	+4.6%	0.56%	-4.8%
PLD	Buy	PROLOGICS INC.	$3,330,000	-9.7%	32,774	+4.6%	0.53%	-7.0%
MINT	Sell	PIMCO ETF ENHANCED SHORT FD	$3,209,000	-8.3%	32,460	-8.1%	0.52%	-5.5%
HON	Sell	HONEYWELL INTERNATIONAL	$3,198,000	-8.9%	19,156	-5.2%	0.51%	-6.0%
ADP	Sell	AUTO DATA PROCESSING	$3,192,000	+5.0%	14,113	-2.5%	0.51%	+8.2%
PG	Buy	PROCTER & GAMBLE CO	$3,030,000	+28.2%	23,999	+46.0%	0.49%	+32.1%
EL	Sell	ESTEE LAUDER COMPANIES INC CL A	$3,017,000	-18.1%	13,973	-3.4%	0.48%	-15.7%
WBS	Sell	WEBSTER FINL CORP	$2,999,000	+1.3%	66,355	-5.6%	0.48%	+4.3%
AZO	Buy	AUTOZONE INC	$2,967,000	+5.4%	1,385	+5.7%	0.48%	+8.7%
XLP	Buy	SPDR SECTOR CONSUMER STAPLES ETF	$2,865,000	-4.5%	42,937	+3.3%	0.46%	-1.5%
XLE	Sell	SPDR SECTOR ENERGY ETF	$2,841,000	-3.6%	39,446	-4.3%	0.46%	-0.7%
COP	Sell	CONOCOPHILLIPS	$2,757,000	+12.2%	26,940	-1.6%	0.44%	+15.4%
CIEN	Buy	CIENA CORP	$2,740,000	-7.4%	67,763	+4.7%	0.44%	-4.3%
WMT	Sell	WAL-MART STORES INC	$2,691,000	+3.1%	20,751	-3.4%	0.43%	+6.4%
AXP	Buy	AMERICAN EXPRESS CORP	$2,692,000	+3.3%	19,957	+6.2%	0.43%	+6.4%
ILMN	Sell	ILLUMINA INC	$2,696,000	-3.7%	14,132	-7.0%	0.43%	-0.9%
KLAC	Buy	K L A TENCOR CORP	$2,590,000	+35.2%	8,559	+42.6%	0.42%	+39.3%
SLY	Sell	SPDR S&P 600 SMALL CAP ETF	$2,581,000	-15.5%	34,102	-10.6%	0.41%	-12.8%
PKI	Sell	PERKINELMER INC	$2,555,000	-16.4%	21,236	-1.2%	0.41%	-13.9%
MRK	Sell	MERCK & CO INC	$2,383,000	-13.4%	27,669	-8.4%	0.38%	-11.0%
CMG	Buy	CHIPOTLE MEXICAN GRILL INC. COM	$2,344,000	+20.4%	1,560	+4.8%	0.38%	+24.1%
ENB	Buy	ENBRIDGE INC	$2,338,000	-11.7%	62,725	+0.1%	0.38%	-9.0%
AES	Buy	AES CORP	$2,304,000	+13.7%	101,941	+5.7%	0.37%	+17.1%
MCD	Sell	MCDONALDS CORP	$2,297,000	-8.2%	9,954	-1.8%	0.37%	-5.4%
DVN	Buy	DEVON ENERGY CORP	$2,236,000	+14.7%	37,193	+5.1%	0.36%	+18.1%
SBUX	Sell	STARBUCKS CORP	$2,207,000	-15.3%	26,189	-23.3%	0.35%	-12.8%
LECO	Buy	LINCOLN ELEC HLDGS INC	$2,173,000	+5.6%	17,285	+3.6%	0.35%	+9.1%
MDLZ	Sell	MODELEZ INTERANTIONAL INC	$2,141,000	-12.1%	39,053	-0.4%	0.34%	-9.5%
COG	Sell	COTERRA ENERGY INC	$2,043,000	-4.9%	78,235	-6.1%	0.33%	-1.8%
COST	Sell	COSTCO WHSL CORP NEW	$1,996,000	-2.1%	4,226	-0.7%	0.32%	+0.9%
URI	Buy	UNITED RENTALS INC	$1,965,000	+32.8%	7,274	+19.4%	0.32%	+37.0%
IBM	Buy	INTL BUSINESS MACHINES	$1,935,000	+8.6%	16,284	+29.0%	0.31%	+11.9%
ORCL	Sell	ORACLE CORPORATION	$1,927,000	-15.3%	31,551	-3.1%	0.31%	-12.7%
SYY	Buy	SYSCO CORPORATION	$1,868,000	-13.2%	26,422	+4.0%	0.30%	-10.4%
CVS	Sell	CVS HEALTH CORP	$1,804,000	+1.2%	18,912	-1.7%	0.29%	+4.0%
FLR	Buy	FLUOR CORPORATION	$1,746,000	+19.2%	70,132	+16.6%	0.28%	+22.8%
NUE	Buy	NUCOR CORP	$1,714,000	+11.8%	16,020	+9.1%	0.28%	+15.1%
WY	Buy	WEYERHAEUSER CO	$1,660,000	+4.9%	58,107	+21.6%	0.27%	+8.1%
GTLS	Buy	CHART INDUSTRIES INC	$1,548,000	+32.1%	8,398	+19.9%	0.25%	+36.3%
XLU	Sell	SPDR SELECT SECTOR UTILITIES	$1,509,000	-7.1%	23,032	-0.6%	0.24%	-4.3%
SLB	Sell	SCHLUMBERGER LTD	$1,501,000	-1.1%	41,812	-1.5%	0.24%	+2.1%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,463,000	-11.3%	20,586	-3.9%	0.24%	-8.6%
NUV	Buy	NUVEEN MUNICIPAL VALUE FUND INC	$1,385,000	-4.9%	163,711	+0.3%	0.22%	-2.2%
CMCSA	Sell	COMCAST CORP NEW CL A	$1,313,000	-41.3%	44,769	-21.5%	0.21%	-39.4%
EMR	Sell	EMERSON ELECTRIC CO	$1,260,000	-9.0%	17,211	-1.1%	0.20%	-6.0%
NOC	Buy	NORTHROP GRUMMAN CORP	$1,256,000	+11.9%	2,670	+13.9%	0.20%	+14.9%
SO	New	SOUTHERN COMPANY	$1,249,000	–	18,370	–	0.20%	–
NKE	Sell	NIKE INC CLASS B	$1,234,000	-39.5%	14,844	-25.6%	0.20%	-37.5%
INTC	New	INTEL CORP	$1,226,000	–	47,557	–	0.20%	–
SPG	Buy	SIMON PROPERTY GROUP INC	$1,210,000	+1.1%	13,478	+6.9%	0.19%	+4.3%
ABT	Sell	ABBOTT LABORATORIES	$1,181,000	-12.4%	12,202	-1.7%	0.19%	-10.0%
BX	Buy	BLACKSTONE GROUP LP	$1,156,000	+252.4%	13,814	+284.1%	0.18%	+262.7%
QQQ	New	INVESCO QQQ TR UNIT SER 1	$1,124,000	–	4,207	–	0.18%	–
SJM	New	JM SMUCKER CO	$1,098,000	–	7,992	–	0.18%	–
LEN	Buy	LENNAR CORP	$1,092,000	+10.3%	14,650	+4.4%	0.18%	+13.6%
RTX	New	RAYTHEON COMPANY NEW	$1,070,000	–	13,069	–	0.17%	–
NEE	New	NEXTERA ENERGY INC.	$1,057,000	–	13,477	–	0.17%	–
LMT	Sell	LOCKHEED MARTIN CORP	$1,051,000	-17.6%	2,722	-8.2%	0.17%	-14.6%
BA	Sell	BOEING CO	$906,000	-14.4%	7,480	-3.4%	0.14%	-12.1%
TSLA	New	TESLA MOTORS INC	$898,000	–	3,387	–	0.14%	–
NYF	New	ISHARES NEW YORK MUNI BOND	$858,000	–	16,950	–	0.14%	–
T	Sell	AT & T INC	$858,000	-27.5%	55,924	-1.0%	0.14%	-25.0%
FLO	New	FLOWERS FOODS INC	$858,000	–	34,764	–	0.14%	–
GS	Sell	GOLDMAN SACHS GROUP INC	$835,000	-2.2%	2,851	-0.9%	0.13%	+0.8%
VCSH	New	VANGUARD SCOTTSDALE FUNDS SHORT TERM CORP	$814,000	–	10,965	–	0.13%	–
LUV	Buy	SOUTHWEST AIRLINES CO	$782,000	-13.4%	25,365	+1.4%	0.12%	-11.3%
BK	Sell	THE BANK OF NY MELLON CORP	$747,000	-12.9%	19,382	-5.8%	0.12%	-10.4%
GOOGL	Buy	ALPHABET INC CLASS A	$691,000	-11.0%	7,220	+1928.1%	0.11%	-8.3%
MTB	Sell	M & T BANK CORP	$671,000	+9.3%	3,805	-1.3%	0.11%	+12.5%
CB	Sell	CHUBB LIMITED	$673,000	-10.4%	3,701	-3.1%	0.11%	-7.7%
SPSM	Sell	SPDR PORTFOLIO S&P 600 SMALL CAP ETF	$674,000	-11.1%	19,793	-6.1%	0.11%	-8.5%
PNC	Sell	PNC FINANCIAL SERVICES	$663,000	-14.6%	4,437	-9.8%	0.11%	-12.4%
OSK	Sell	OSHKOSH CORP	$648,000	-17.8%	9,226	-3.8%	0.10%	-15.4%
IJR	Sell	ISHARES TR CORE S&P SMALL-CAP ETF	$624,000	-6.7%	7,159	-1.1%	0.10%	-3.8%
GLW	Sell	CORNING INC	$623,000	-16.6%	21,459	-9.5%	0.10%	-13.8%
CAT	Sell	CATERPILLAR INC	$604,000	-12.3%	3,681	-4.5%	0.10%	-9.3%
PSX	Sell	PHILLIPS 66	$593,000	-4.7%	7,346	-3.2%	0.10%	-2.1%
CTXS	Sell	CITRIX SYSTEMS INC	$574,000	-10.5%	5,550	-15.9%	0.09%	-8.0%
AMGN	Sell	AMGEN INC COM	$499,000	-12.9%	2,214	-6.0%	0.08%	-10.1%
CI	Sell	CIGNA CORP	$494,000	+2.1%	1,782	-2.9%	0.08%	+5.3%
ITW	Sell	ILLINOIS TOOL WORKS INC	$487,000	-13.0%	2,697	-12.2%	0.08%	-10.3%
NSC	Sell	NORFOLK SOUTHERN CORP	$477,000	-11.5%	2,273	-4.2%	0.08%	-8.3%
TFC	Sell	TRUIST FINANCIAL CORP	$474,000	-18.1%	10,883	-10.9%	0.08%	-15.6%
MMM	New	3M COMPANY	$471,000	–	4,266	–	0.08%	–
EFA	Sell	ISHARES TR MSCI EAFE ETF	$452,000	-20.4%	8,065	-11.3%	0.07%	-17.0%
UTL	Sell	UNITIL CORP	$440,000	-24.5%	9,464	-4.7%	0.07%	-22.0%
LHX	Sell	L3HARRIS TECHNOLOGIES INC	$445,000	-15.4%	2,140	-1.6%	0.07%	-13.4%
QCOM	Sell	QUALCOMM INC	$441,000	-25.6%	3,904	-15.9%	0.07%	-22.8%
SPYG	Buy	SPDR PORTFILIO S&P 500 GROWTH	$438,000	+0.9%	8,748	+5.5%	0.07%	+2.9%
PPL	Sell	PPL CORPORATION	$435,000	-8.8%	17,170	-2.3%	0.07%	-5.4%
DD	New	DUPONT DE NEMOURS INC	$437,000	–	8,675	–	0.07%	–
AEP	Sell	AMERICAN ELECTICAL POWER COMPANY INC	$437,000	-14.8%	5,050	-5.5%	0.07%	-12.5%
OGE	Sell	OGE ENERGY CORP	$433,000	-10.4%	11,881	-5.1%	0.07%	-8.0%
O	New	REALTY INCOME CORP	$430,000	–	7,380	–	0.07%	–
MGA	Buy	MAGNA INTERNATIONAL INC	$422,000	+9.9%	8,906	+27.3%	0.07%	+13.3%
CMS	Sell	CMS ENERGY CORP	$418,000	-17.4%	7,184	-4.2%	0.07%	-15.2%
DTE	Sell	D T E ENERGY COMPANY	$419,000	-14.1%	3,641	-5.4%	0.07%	-11.8%
CAH	Sell	CARDINAL HEALTH INC	$403,000	+22.9%	6,051	-3.6%	0.06%	+27.5%
LNT	Sell	ALLIANT ENERGY CORP	$404,000	-13.1%	7,631	-3.8%	0.06%	-9.7%
XEL	Sell	XCEL ENERGY INC	$401,000	-14.5%	6,267	-5.5%	0.06%	-12.3%
PEG	Sell	PUBLIC SERVICE ENTERPRISE GROUP INC	$392,000	-14.8%	6,975	-4.1%	0.06%	-12.5%
PNW	Sell	PINNACLE WEST CAPITAL	$393,000	-16.2%	6,093	-5.0%	0.06%	-13.7%
SSNC	New	SS&C TECHNOLOGIES HOLDINGS, INC.	$389,000	–	8,149	–	0.06%	–
WMB	Sell	WILLIAMS COMPANIES	$388,000	-9.1%	13,535	-1.1%	0.06%	-6.1%
SPYV	Buy	SPDR PORTFILIO S&P 500 VALUE	$374,000	+6.9%	10,830	+13.9%	0.06%	+11.1%
IFF	Sell	INTL FLAVOR & FRAGRANCES	$375,000	-25.7%	4,126	-2.7%	0.06%	-24.1%
KMX	Sell	CARMAX INC	$365,000	-32.0%	5,525	-7.0%	0.06%	-29.8%
SPMD	Sell	SPDR PORTFOLIO S&P 400 MID CAP ETF	$364,000	-9.0%	9,439	-6.3%	0.06%	-6.5%
IYW	Sell	ISHARES US TECHNOLOGY ETF	$346,000	-9.2%	4,715	-0.9%	0.06%	-5.1%
STOR	New	STORE CAPITAL CORP	$318,000	–	10,147	–	0.05%	–
MET	Buy	METLIFE INC	$319,000	+0.6%	5,252	+4.1%	0.05%	+4.1%
	Sell	SHELL PLC ADR	$305,000	-7.9%	6,130	-3.2%	0.05%	-5.8%
EMB	New	ISHARES TR JPMORGAN EMERING MKTS BD FD	$299,000	–	3,762	–	0.05%	–
MA	New	MASTERCARD INC	$296,000	–	1,042	–	0.05%	–
BP	Sell	BP PLC ADR	$287,000	-0.7%	10,057	-1.2%	0.05%	+2.2%
OXY	New	OCCIDENTAL PETROLEIM CORP	$284,000	–	4,629	–	0.05%	–
IVW	Sell	ISHARES TR S&P 500 GROWTH	$278,000	+23.6%	775	-79.3%	0.04%	+28.6%
XLB	Buy	MATERIALS SELECT SECTOR SPDR ETF	$279,000	+32.9%	4,106	+43.8%	0.04%	+36.4%
XLRE	Buy	REAL ESTATE SELECT SECTOR SPDR	$271,000	+28.4%	7,528	+46.1%	0.04%	+30.3%
	New	GENERAL ELECTRIC COMPANY	$268,000	–	4,326	–	0.04%	–
GPC	New	GENUINE PARTS CO	$244,000	–	1,635	–	0.04%	–
RCL	Sell	ROYAL CARIBBEAN CRUISES LTD	$235,000	-3.7%	6,192	-11.4%	0.04%	0.0%
SPEM	Sell	SPDR PORTFOLIO EMERGING MARKETS ETF	$233,000	-29.2%	7,501	-20.7%	0.04%	-27.5%
ABR	New	Arbor Realty Trust Inc	$230,000	–	20,000	–	0.04%	–
DLR	New	DIGITAL REALTY TRUST, INC.	$231,000	–	2,334	–	0.04%	–
HAL	Sell	HALLIBURTON CO	$208,000	-24.1%	8,430	-3.4%	0.03%	-23.3%
DOW	Sell	DOW INC	$203,000	-16.5%	4,623	-1.9%	0.03%	-13.2%
HUBB	New	HUBBELL INC	$201,000	–	900	–	0.03%	–
F	Sell	FORD MOTOR COMPANY	$130,000	-3.0%	11,567	-3.8%	0.02%	0.0%
RC	New	READY CAPITAL CORPORATION	$119,000	–	11,700	–	0.02%	–
LUMN	New	LUMEN TECHNOLOGIES	$109,000	–	15,006	–	0.02%	–
AGNC	Buy	AGNC INVESTMENT CORP	$101,000	-9.0%	12,000	+20.0%	0.02%	-5.9%
PLG	New	PLATINUM GROUP METALS LTD	$21,000	–	13,150	–	0.00%	–
ATHX	Exit	ATHERSYS INC	$0	–	-22,500	–	-0.00%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT	$0	–	-24,200	–	-0.02%	–
LUMN	Exit	LUMEN TECHNOLOGIES	$0	–	-15,006	–	-0.03%	–
TD	Exit	TORONTO DOMINION BK	$0	–	-3,081	–	-0.03%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-2,613	–	-0.03%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-1,575	–	-0.03%	–
EEM	Exit	ISHARES TR MSCI EMERGING MKTS INDEX FD	$0	–	-5,353	–	-0.03%	–
SGEN	Exit	SEATTLE GENETICS INC	$0	–	-1,245	–	-0.03%	–
EOG	Exit	EOG RESOURCES INC	$0	–	-2,022	–	-0.04%	–
SPDW	Exit	SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	$0	–	-8,573	–	-0.04%	–
	Exit	GENERAL ELECTRIC COMPANY	$0	–	-4,326	–	-0.04%	–
IVV	Exit	ISHARES CORE S&P 500	$0	–	-967	–	-0.06%	–
	Exit	3M COMPANY	$0	–	-4,263	–	-0.09%	–
VGSH	Exit	VANGUARD SCOTTSDALE FDS	$0	–	-11,965	–	-0.11%	–
FPL	Exit	NEXTERA ENERGY INC.	$0	–	-14,017	–	-0.17%	–
	Exit	INVESCO QQQ TR UNIT SER 1	$0	–	-4,331	–	-0.19%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-13,371	–	-0.20%	–
	Exit	INTEL CORP	$0	–	-54,611	–	-0.32%	–
	Exit	ABBVIE INC COM	$0	–	-22,963	–	-0.55%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-17,760	–	-0.63%	–
AVGO	Exit	BROADCOM LTD	$0	–	-9,323	–	-0.70%	–
	Exit	ISHARES TR S&P US PFD STK INDE	$0	–	-508,406	–	-2.65%	–

Q2 2022

			Value		Shares		↓ Weighting
SHY	New	ISHARES 1-3 YEAR TREASURY BOND	$31,672,000	–	382,556	–	4.93%	–
MSFT	New	MICROSOFT CORP	$26,832,000	–	104,472	–	4.18%	–
OCBI	New	ORANGE CNTY BANCORP INC	$23,695,000	–	624,054	–	3.69%	–
IGSB	New	ISHARES 1-5 YEAR INVESTMENT GRAND CORP BOND	$21,336,000	–	422,080	–	3.32%	–
AAPL	New	APPLE, INC.	$18,897,000	–	138,220	–	2.94%	–
LLY	New	ELI LILLY & COMPANY	$17,959,000	–	55,390	–	2.80%	–
IEI	New	ISHARES 3-7 YEAR TREASURY BOND	$17,674,000	–	148,097	–	2.75%	–
	New	ISHARES TR S&P US PFD STK INDE	$17,051,000	–	508,406	–	2.65%	–
ISRG	New	INTUITIVE SURGICAL INC NEW	$15,086,000	–	75,163	–	2.35%	–
SPY	New	SPDR S&P 500 ETF TR	$13,188,000	–	34,957	–	2.05%	–
TMO	New	THERMO FISHER SCIENTIFIC INC.	$12,994,000	–	23,919	–	2.02%	–
HD	New	THE HOME DEPOT INC	$12,917,000	–	47,097	–	2.01%	–
GOOG	New	ALPHABET INC CLASS C	$12,792,000	–	5,848	–	1.99%	–
MDT	New	MEDTRONIC PLC	$10,966,000	–	122,184	–	1.71%	–
UNH	New	UNITED HEALTHCARE CORP	$10,899,000	–	21,219	–	1.70%	–
XLK	New	SPDR SECTOR TECHNOLOGY ETF	$10,305,000	–	81,063	–	1.60%	–
NVDA	New	NVIDIA CORP	$8,632,000	–	56,943	–	1.34%	–
JPM	New	JP MORGAN CHASE & CO	$8,549,000	–	75,921	–	1.33%	–
ADBE	New	ADOBE SYSTEMS INC	$8,306,000	–	22,690	–	1.29%	–
PEP	New	PEPSICO INCORPORATED	$8,164,000	–	48,984	–	1.27%	–
DHR	New	DANAHER CORP	$7,985,000	–	31,496	–	1.24%	–
XOM	New	EXXON MOBIL CORPORATION	$7,326,000	–	85,542	–	1.14%	–
XLV	New	SPDR SECTOR HEALTH CARE ETF	$7,171,000	–	55,917	–	1.12%	–
AMZN	New	AMAZON COM INC	$6,998,000	–	65,889	–	1.09%	–
PFE	New	PFIZER INCORPORATED	$6,781,000	–	129,342	–	1.06%	–
SPSB	New	SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	$6,710,000	–	225,708	–	1.04%	–
BAC	New	BANKAMERICA CORP	$6,602,000	–	212,066	–	1.03%	–
SPIB	New	SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	$6,501,000	–	199,235	–	1.01%	–
MMC	New	MARSH & MCLENNAN CO INC	$6,462,000	–	41,626	–	1.01%	–
FLOT	New	ISHARES FLOATING RATE BOND	$6,154,000	–	123,268	–	0.96%	–
CSX	New	C S X CORP	$6,108,000	–	210,188	–	0.95%	–
VZ	New	VERIZON COMMUNICATIONS	$5,942,000	–	117,081	–	0.92%	–
DG	New	DOLLAR GENERAL CORPORATION	$5,693,000	–	23,197	–	0.89%	–
DUK	New	DUKE ENERGY CORPORATION	$5,663,000	–	52,823	–	0.88%	–
FB	New	META PLATFORMS INC	$5,356,000	–	33,213	–	0.83%	–
XLF	New	SPDR SECTOR FINANCIAL ETF	$5,202,000	–	165,421	–	0.81%	–
AMT	New	AMERN TOWER CORP CLASS A	$5,112,000	–	19,999	–	0.80%	–
V	New	VISA INC	$5,071,000	–	25,757	–	0.79%	–
CRM	New	SALESFORCE COM	$5,063,000	–	30,679	–	0.79%	–
SHW	New	SHERWIN WILLIAMS CO	$4,595,000	–	20,521	–	0.72%	–
AVGO	New	BROADCOM LTD	$4,529,000	–	9,323	–	0.70%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TR	$4,348,000	–	10,516	–	0.68%	–
JNJ	New	JOHNSON & JOHNSON	$4,345,000	–	24,477	–	0.68%	–
AMD	New	ADVANCED MICRO DIVICES INC	$4,295,000	–	56,167	–	0.67%	–
DIS	New	DISNEY WALT CO	$4,134,000	–	43,794	–	0.64%	–
CSCO	New	CISCO SYSTEMS INC	$4,102,000	–	96,201	–	0.64%	–
XLY	New	SPDR SECTOR CONSUMER DISCRETIONARY ETF	$4,034,000	–	29,339	–	0.63%	–
FDX	New	FEDEX CORPORATION	$4,026,000	–	17,760	–	0.63%	–
XLI	New	SPDR SECTOR INDUSTRIAL ETF	$3,955,000	–	45,283	–	0.62%	–
XLC	New	SPDR SECTOR COMMUNICATION SERVICES ETF	$3,746,000	–	69,034	–	0.58%	–
MS	New	MORGAN STANLEY	$3,741,000	–	49,191	–	0.58%	–
EL	New	ESTEE LAUDER COMPANIES INC CL A	$3,685,000	–	14,471	–	0.57%	–
PLD	New	PROLOGICS INC.	$3,686,000	–	31,327	–	0.57%	–
	New	ABBVIE INC COM	$3,517,000	–	22,963	–	0.55%	–
HON	New	HONEYWELL INTERNATIONAL	$3,510,000	–	20,197	–	0.55%	–
MINT	New	PIMCO ETF ENHANCED SHORT FD	$3,500,000	–	35,316	–	0.54%	–
CVX	New	CHEVRON CORP	$3,070,000	–	21,202	–	0.48%	–
PKI	New	PERKINELMER INC	$3,057,000	–	21,492	–	0.48%	–
SLY	New	SPDR S&P 600 SMALL CAP ETF	$3,053,000	–	38,125	–	0.48%	–
ADP	New	AUTO DATA PROCESSING	$3,040,000	–	14,472	–	0.47%	–
XLP	New	SPDR SECTOR CONSUMER STAPLES ETF	$3,000,000	–	41,563	–	0.47%	–
WBS	New	WEBSTER FINL CORP	$2,961,000	–	70,257	–	0.46%	–
CIEN	New	CIENA CORP	$2,958,000	–	64,720	–	0.46%	–
XLE	New	SPDR SECTOR ENERGY ETF	$2,947,000	–	41,214	–	0.46%	–
AZO	New	AUTOZONE INC	$2,815,000	–	1,310	–	0.44%	–
ILMN	New	ILLUMINA INC	$2,801,000	–	15,194	–	0.44%	–
MRK	New	MERCK & CO INC	$2,753,000	–	30,198	–	0.43%	–
ENB	New	ENBRIDGE INC	$2,647,000	–	62,645	–	0.41%	–
AXP	New	AMERICAN EXPRESS CORP	$2,605,000	–	18,791	–	0.41%	–
SBUX	New	STARBUCKS CORP	$2,607,000	–	34,129	–	0.41%	–
WMT	New	WAL-MART STORES INC	$2,611,000	–	21,475	–	0.41%	–
MCD	New	MCDONALDS CORP	$2,502,000	–	10,135	–	0.39%	–
COP	New	CONOCOPHILLIPS	$2,458,000	–	27,365	–	0.38%	–
MDLZ	New	MODELEZ INTERANTIONAL INC	$2,435,000	–	39,223	–	0.38%	–
PG	New	PROCTER & GAMBLE CO	$2,363,000	–	16,434	–	0.37%	–
RMD	New	RESMED INC	$2,310,000	–	11,018	–	0.36%	–
ORCL	New	ORACLE CORPORATION	$2,275,000	–	32,558	–	0.35%	–
CMCSA	New	COMCAST CORP NEW CL A	$2,237,000	–	57,015	–	0.35%	–
SYY	New	SYSCO CORPORATION	$2,151,000	–	25,398	–	0.34%	–
COG	New	COTERRA ENERGY INC	$2,148,000	–	83,299	–	0.33%	–
LECO	New	LINCOLN ELEC HLDGS INC	$2,057,000	–	16,677	–	0.32%	–
	New	INTEL CORP	$2,043,000	–	54,611	–	0.32%	–
COST	New	COSTCO WHSL CORP NEW	$2,039,000	–	4,254	–	0.32%	–
NKE	New	NIKE INC CLASS B	$2,039,000	–	19,955	–	0.32%	–
AES	New	AES CORP	$2,027,000	–	96,455	–	0.32%	–
DVN	New	DEVON ENERGY CORP	$1,950,000	–	35,391	–	0.30%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC. COM	$1,947,000	–	1,489	–	0.30%	–
KLAC	New	K L A TENCOR CORP	$1,915,000	–	6,001	–	0.30%	–
CVS	New	CVS HEALTH CORP	$1,783,000	–	19,245	–	0.28%	–
IBM	New	INTL BUSINESS MACHINES	$1,782,000	–	12,620	–	0.28%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,650,000	–	21,423	–	0.26%	–
XLU	New	SPDR SELECT SECTOR UTILITIES	$1,625,000	–	23,168	–	0.25%	–
WY	New	WEYERHAEUSER CO	$1,583,000	–	47,797	–	0.25%	–
NUE	New	NUCOR CORP	$1,533,000	–	14,680	–	0.24%	–
SLB	New	SCHLUMBERGER LTD	$1,518,000	–	42,449	–	0.24%	–
URI	New	UNITED RENTALS INC	$1,480,000	–	6,092	–	0.23%	–
FLR	New	FLUOR CORPORATION	$1,465,000	–	60,169	–	0.23%	–
NUV	New	NUVEEN MUNICIPAL VALUE FUND INC	$1,457,000	–	163,211	–	0.23%	–
EMR	New	EMERSON ELECTRIC CO	$1,384,000	–	17,397	–	0.22%	–
ABT	New	ABBOTT LABORATORIES	$1,348,000	–	12,411	–	0.21%	–
RTN	New	RAYTHEON COMPANY NEW	$1,285,000	–	13,371	–	0.20%	–
LMT	New	LOCKHEED MARTIN CORP	$1,275,000	–	2,965	–	0.20%	–
	New	INVESCO QQQ TR UNIT SER 1	$1,214,000	–	4,331	–	0.19%	–
SPG	New	SIMON PROPERTY GROUP INC	$1,197,000	–	12,606	–	0.19%	–
T	New	AT & T INC	$1,184,000	–	56,498	–	0.18%	–
GTLS	New	CHART INDUSTRIES INC	$1,172,000	–	7,002	–	0.18%	–
NOC	New	NORTHROP GRUMMAN CORP	$1,122,000	–	2,345	–	0.18%	–
FPL	New	NEXTERA ENERGY INC.	$1,086,000	–	14,017	–	0.17%	–
BA	New	BOEING CO	$1,058,000	–	7,740	–	0.16%	–
LEN	New	LENNAR CORP	$990,000	–	14,028	–	0.15%	–
LUV	New	SOUTHWEST AIRLINES CO	$903,000	–	25,003	–	0.14%	–
BK	New	THE BANK OF NY MELLON CORP	$858,000	–	20,573	–	0.13%	–
GS	New	GOLDMAN SACHS GROUP INC	$854,000	–	2,876	–	0.13%	–
OSK	New	OSHKOSH CORP	$788,000	–	9,589	–	0.12%	–
PNC	New	PNC FINANCIAL SERVICES	$776,000	–	4,917	–	0.12%	–
GOOGL	New	ALPHABET INC CLASS A	$776,000	–	356	–	0.12%	–
SPSM	New	SPDR PORTFOLIO S&P 600 SMALL CAP ETF	$758,000	–	21,074	–	0.12%	–
CB	New	CHUBB LIMITED	$751,000	–	3,821	–	0.12%	–
GLW	New	CORNING INC	$747,000	–	23,699	–	0.12%	–
VGSH	New	VANGUARD SCOTTSDALE FDS	$704,000	–	11,965	–	0.11%	–
CAT	New	CATERPILLAR INC	$689,000	–	3,856	–	0.11%	–
IJR	New	ISHARES TR CORE S&P SMALL-CAP ETF	$669,000	–	7,235	–	0.10%	–
JFBC	New	JEFFERSONVILLE BANCORP	$664,000	–	31,094	–	0.10%	–
CTXS	New	CITRIX SYSTEMS INC	$641,000	–	6,600	–	0.10%	–
PSX	New	PHILLIPS 66	$622,000	–	7,588	–	0.10%	–
MTB	New	M & T BANK CORP	$614,000	–	3,855	–	0.10%	–
QCOM	New	QUALCOMM INC	$593,000	–	4,641	–	0.09%	–
UTL	New	UNITIL CORP	$583,000	–	9,934	–	0.09%	–
TFC	New	TRUIST FINANCIAL CORP	$579,000	–	12,214	–	0.09%	–
AMGN	New	AMGEN INC COM	$573,000	–	2,355	–	0.09%	–
EFA	New	ISHARES TR MSCI EAFE ETF	$568,000	–	9,090	–	0.09%	–
ITW	New	ILLINOIS TOOL WORKS INC	$560,000	–	3,072	–	0.09%	–
	New	3M COMPANY	$552,000	–	4,263	–	0.09%	–
KMX	New	CARMAX INC	$537,000	–	5,940	–	0.08%	–
NSC	New	NORFOLK SOUTHERN CORP	$539,000	–	2,373	–	0.08%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$526,000	–	2,175	–	0.08%	–
AEP	New	AMERICAN ELECTICAL POWER COMPANY INC	$513,000	–	5,342	–	0.08%	–
CMS	New	CMS ENERGY CORP	$506,000	–	7,498	–	0.08%	–
CMC	New	COMMERCIAL METALS CO	$510,000	–	15,410	–	0.08%	–
IFF	New	INTL FLAVOR & FRAGRANCES	$505,000	–	4,241	–	0.08%	–
DTE	New	D T E ENERGY COMPANY	$488,000	–	3,849	–	0.08%	–
OGE	New	OGE ENERGY CORP	$483,000	–	12,518	–	0.08%	–
VLO	New	VALERO ENERGY CORP	$480,000	–	4,515	–	0.08%	–
CI	New	CIGNA CORP	$484,000	–	1,836	–	0.08%	–
PPL	New	PPL CORPORATION	$477,000	–	17,570	–	0.07%	–
PNW	New	PINNACLE WEST CAPITAL	$469,000	–	6,417	–	0.07%	–
ALB	New	ALBEMARLE CORP	$472,000	–	2,260	–	0.07%	–
XEL	New	XCEL ENERGY INC	$469,000	–	6,632	–	0.07%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GROUP INC	$460,000	–	7,273	–	0.07%	–
LNT	New	ALLIANT ENERGY CORP	$465,000	–	7,931	–	0.07%	–
BCPC	New	BALCHEM CORP	$452,000	–	3,483	–	0.07%	–
SUN	New	SUNOCO LP COM	$447,000	–	12,000	–	0.07%	–
KO	New	COCA COLA COMPANY	$452,000	–	7,178	–	0.07%	–
SPYG	New	SPDR PORTFILIO S&P 500 GROWTH	$434,000	–	8,294	–	0.07%	–
WMB	New	WILLIAMS COMPANIES	$427,000	–	13,685	–	0.07%	–
SPMD	New	SPDR PORTFOLIO S&P 400 MID CAP ETF	$400,000	–	10,069	–	0.06%	–
MGA	New	MAGNA INTERNATIONAL INC	$384,000	–	6,996	–	0.06%	–
IYW	New	ISHARES US TECHNOLOGY ETF	$381,000	–	4,760	–	0.06%	–
IVV	New	ISHARES CORE S&P 500	$367,000	–	967	–	0.06%	–
LSI	New	LIFE STORAGE INC	$358,000	–	3,202	–	0.06%	–
LOW	New	LOWES COMPANIES INC	$352,000	–	2,018	–	0.06%	–
SPYV	New	SPDR PORTFILIO S&P 500 VALUE	$350,000	–	9,511	–	0.05%	–
TROW	New	T. ROWE PRICE GROUP INC	$338,000	–	2,975	–	0.05%	–
CSWI	New	CSW INDUSTRIALS INC	$331,000	–	3,212	–	0.05%	–
	New	SHELL PLC ADR	$331,000	–	6,330	–	0.05%	–
KHC	New	THE KRAFT HEINZ CO	$329,000	–	8,626	–	0.05%	–
BX	New	BLACKSTONE GROUP LP	$328,000	–	3,596	–	0.05%	–
CAH	New	CARDINAL HEALTH INC	$328,000	–	6,276	–	0.05%	–
SPEM	New	SPDR PORTFOLIO EMERGING MARKETS ETF	$329,000	–	9,461	–	0.05%	–
IRM	New	IRON MOUNTAIN INC	$312,000	–	6,400	–	0.05%	–
MET	New	METLIFE INC	$317,000	–	5,046	–	0.05%	–
BP	New	BP PLC ADR	$289,000	–	10,182	–	0.04%	–
HAL	New	HALLIBURTON CO	$274,000	–	8,730	–	0.04%	–
	New	GENERAL ELECTRIC COMPANY	$275,000	–	4,326	–	0.04%	–
IGM	New	ISHARES NORTH AMERICAN TECH	$266,000	–	905	–	0.04%	–
NEA	New	NUVEEN AMT FREE MUN INCOME FD	$258,000	–	22,000	–	0.04%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$258,000	–	6,797	–	0.04%	–
HSY	New	THE HERSHEY CO	$252,000	–	1,170	–	0.04%	–
SPDW	New	SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	$247,000	–	8,573	–	0.04%	–
DOW	New	DOW INC	$243,000	–	4,714	–	0.04%	–
RCL	New	ROYAL CARIBBEAN CRUISES LTD	$244,000	–	6,987	–	0.04%	–
ED	New	CONSOLIDATED EDISON INC	$240,000	–	2,521	–	0.04%	–
EOG	New	EOG RESOURCES INC	$223,000	–	2,022	–	0.04%	–
IVW	New	ISHARES TR S&P 500 GROWTH	$225,000	–	3,736	–	0.04%	–
SGEN	New	SEATTLE GENETICS INC	$220,000	–	1,245	–	0.03%	–
XLB	New	MATERIALS SELECT SECTOR SPDR ETF	$210,000	–	2,855	–	0.03%	–
SCHW	New	CHARLES SCHWAB CORP	$213,000	–	3,372	–	0.03%	–
XLRE	New	REAL ESTATE SELECT SECTOR SPDR	$211,000	–	5,153	–	0.03%	–
CL	New	COLGATE-PALMOLIVE CO	$209,000	–	2,613	–	0.03%	–
EEM	New	ISHARES TR MSCI EMERGING MKTS INDEX FD	$215,000	–	5,353	–	0.03%	–
KMB	New	KIMBERLY-CLARK CORP	$213,000	–	1,575	–	0.03%	–
TD	New	TORONTO DOMINION BK	$202,000	–	3,081	–	0.03%	–
PCEF	New	INVESCO EX TR FD TR II CEF INCOME COM	$195,000	–	10,304	–	0.03%	–
LUMN	New	LUMEN TECHNOLOGIES	$164,000	–	15,006	–	0.03%	–
NLY	New	ANNALY CAPITAL MANAGEMENT	$143,000	–	24,200	–	0.02%	–
UNIT	New	UNITI CORP	$140,000	–	14,900	–	0.02%	–
AINV	New	APOLLO INVESTMENT GROUP	$140,000	–	13,000	–	0.02%	–
NRZ	New	NEW RESIDENTIAL INVT CORP	$133,000	–	14,300	–	0.02%	–
NVG	New	NUVEEN AMT FREE MUNICIPAL CREDIT INCOME FD	$138,000	–	10,500	–	0.02%	–
NZF	New	NUVEEN MUNICIPAL CR INCOME FD	$132,000	–	10,500	–	0.02%	–
NMZ	New	NUVEEN MUN HIGH INCOME OPP FD	$135,000	–	11,500	–	0.02%	–
F	New	FORD MOTOR COMPANY	$134,000	–	12,022	–	0.02%	–
ECC	New	EAGLE POINT CREDIT CO LLC	$124,000	–	10,500	–	0.02%	–
BERK	New	BERKSHIRE BANCORP INC DEL COM	$118,000	–	10,816	–	0.02%	–
AGNC	New	AGNC INVESTMENT CORP	$111,000	–	10,000	–	0.02%	–
TWO	New	TWO HARBORS INVESTMENT CORP	$76,000	–	15,350	–	0.01%	–
ATHX	New	ATHERSYS INC	$6,000	–	22,500	–	0.00%	–
	New	G6 MATERIALS CORPORATION	$1,000	–	16,900	–	0.00%	–
ASPR	New	ADSOUTH PARTNERS INC (NV)	$0	–	10,001	–	0.00%	–
	New	SALTBAE CAPITAL CORP	$0	–	15,000	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
	Exit	G6 MATERIALS CORPORATION	$0	–	-16,900	–	0.00%	–
ASPR	Exit	ADSOUTH PARTNERS INC (NV)	$0	–	-10,001	–	0.00%	–
	Exit	SALTBAE CAPITAL CORP	$0	–	-15,000	–	0.00%	–
ENZC	Exit	ENZOLYTICS INC	$0	–	-95,000	–	-0.00%	–
ATHX	Exit	ATHERSYS INC	$0	–	-22,500	–	-0.01%	–
TWO	Exit	TWO HARBORS INVESTMENT CORP	$0	–	-12,350	–	-0.01%	–
BERK	Exit	BERKSHIRE BANCORP INC DEL COM	$0	–	-10,816	–	-0.02%	–
NRZ	Exit	NEW RESIDENTIAL INVT CORP	$0	–	-11,300	–	-0.02%	–
ECC	Exit	EAGLE POINT CREDIT CO LLC	$0	–	-10,500	–	-0.02%	–
AINV	Exit	APOLLO INVESTMENT GROUP	$0	–	-12,500	–	-0.03%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT	$0	–	-20,200	–	-0.03%	–
NMZ	Exit	NUVEEN MUN HIGH INCOME OPP FD	$0	–	-11,500	–	-0.03%	–
NZF	Exit	NUVEEN MUNICIPAL CR INCOME FD	$0	–	-10,500	–	-0.03%	–
NVG	Exit	NUVEEN AMT FREE MUNICIPAL CREDIT INCOME FD	$0	–	-10,500	–	-0.03%	–
LUMN	Exit	LUMEN TECHNOLOGIES	$0	–	-15,000	–	-0.03%	–
SPG	Exit	SIMON PROPERTY GROUP INC	$0	–	-1,583	–	-0.04%	–
MAS	Exit	MASCO CORP	$0	–	-3,670	–	-0.04%	–
JCI	Exit	JOHNSON CONTROLS INTERNATIONAL PLC	$0	–	-2,972	–	-0.04%	–
MEN	Exit	BLACKROCK MUNIENHANCED FD INC	$0	–	-6,950	–	-0.04%	–
SCHW	Exit	CHARLES SCHWAB CORP	$0	–	-2,851	–	-0.04%	–
USB	Exit	US BANCORP DEL NEW	$0	–	-3,650	–	-0.04%	–
MRNA	Exit	MODERNA INC	$0	–	-555	–	-0.04%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-1,675	–	-0.04%	–
DOW	Exit	DOW INC	$0	–	-4,263	–	-0.04%	–
TD	Exit	TORONTO DOMINION BK	$0	–	-3,900	–	-0.04%	–
BP	Exit	BP PLC ADR	$0	–	-9,676	–	-0.04%	–
XLV	Exit	SPDR HEALTH CARE SELECT SECTOR TR	$0	–	-2,160	–	-0.05%	–
VWO	Exit	VANGUARD EMERGING MARKETS ETF	$0	–	-5,605	–	-0.05%	–
RDSA	Exit	ROYAL DUTCH SHELL SPON ADR	$0	–	-6,230	–	-0.05%	–
IRM	Exit	IRON MOUNTAIN INC	$0	–	-6,400	–	-0.05%	–
TSLA	Exit	TESLA MTRS INC	$0	–	-367	–	-0.05%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-6,667	–	-0.05%	–
BLL	Exit	BALL CORP	$0	–	-3,500	–	-0.05%	–
IGM	Exit	ISHARES NORTH AMERICAN TECH	$0	–	-810	–	-0.06%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-6,551	–	-0.06%	–
SPDW	Exit	SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	$0	–	-9,019	–	-0.06%	–
SONO	Exit	SONOS INC	$0	–	-10,250	–	-0.06%	–
NEA	Exit	NUVEEN AMT FREE MUN INCOME FD	$0	–	-22,000	–	-0.06%	–
KHC	Exit	THE KRAFT HEINZ CO	$0	–	-9,199	–	-0.06%	–
EEM	Exit	ISHARES TR MSCI EMERGING MKTS INDEX FD	$0	–	-6,721	–	-0.06%	–
SPYV	Exit	SPDR PORTFILIO S&P 500 VALUE	$0	–	-8,849	–	-0.06%	–
MET	Exit	METLIFE INC	$0	–	-5,626	–	-0.06%	–
ATRI	Exit	ATRION CORP	$0	–	-500	–	-0.06%	–
SPMD	Exit	SPDR PORTFOLIO S&P 400 MID CAP ETF	$0	–	-7,952	–	-0.06%	–
LSI	Exit	LIFE STORAGE INC	$0	–	-3,202	–	-0.06%	–
UTL	Exit	UNITIL CORP	$0	–	-8,770	–	-0.06%	–
WMB	Exit	WILLIAMS COMPANIES	$0	–	-14,609	–	-0.06%	–
CI	Exit	CIGNA CORP	$0	–	-1,891	–	-0.06%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-6,088	–	-0.06%	–
PNW	Exit	PINNACLE WEST CAPITAL	$0	–	-5,435	–	-0.07%	–
KO	Exit	COCA COLA COMPANY	$0	–	-7,400	–	-0.07%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-3,764	–	-0.07%	–
CSWI	Exit	CSW INDUSTRIALS INC	$0	–	-3,212	–	-0.07%	–
OGE	Exit	OGE ENERGY CORP	$0	–	-12,366	–	-0.07%	–
LNT	Exit	ALLIANT ENERGY CORP	$0	–	-7,408	–	-0.07%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-5,855	–	-0.07%	–
CMS	Exit	CMS ENERGY CORP	$0	–	-7,065	–	-0.07%	–
DTE	Exit	D T E ENERGY COMPANY	$0	–	-3,808	–	-0.07%	–
SPEM	Exit	SPDR PORTFOLIO EMERGING MARKETS ETF	$0	–	-9,939	–	-0.07%	–
AEP	Exit	AMERICAN ELECTICAL POWER COMPANY INC	$0	–	-5,209	–	-0.07%	–
QCOM	Exit	QUALCOMM INC	$0	–	-3,380	–	-0.08%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKETS ETF	$0	–	-8,710	–	-0.08%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GROUP INC	$0	–	-7,292	–	-0.08%	–
SUN	Exit	SUNOCO LP COM	$0	–	-12,000	–	-0.08%	–
SPYG	Exit	SPDR PORTFILIO S&P 500 GROWTH	$0	–	-7,154	–	-0.08%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-15,495	–	-0.08%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-2,250	–	-0.08%	–
BCPC	Exit	BALCHEM CORP	$0	–	-3,468	–	-0.09%	–
IYW	Exit	ISHARES US TECHNOLOGY ETF	$0	–	-4,960	–	-0.09%	–
PPL	Exit	PPL CORPORATION	$0	–	-18,547	–	-0.09%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-2,598	–	-0.09%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-2,406	–	-0.09%	–
AMGN	Exit	AMGEN INC COM	$0	–	-2,585	–	-0.09%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-2,373	–	-0.10%	–
IFF	Exit	INTL FLAVOR & FRAGRANCES	$0	–	-4,367	–	-0.10%	–
TROW	Exit	T. ROWE PRICE GROUP INC	$0	–	-3,025	–	-0.10%	–
JFBC	Exit	JEFFERSONVILLE BANCORP	$0	–	-28,841	–	-0.10%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-3,010	–	-0.11%	–
LEN	Exit	LENNAR CORP	$0	–	-7,448	–	-0.12%	–
MTB	Exit	M & T BANK CORP	$0	–	-4,740	–	-0.12%	–
MGA	Exit	MAGNA INTERNATIONAL INC	$0	–	-9,480	–	-0.12%	–
SPSM	Exit	SPDR PORTFOLIO S&P 600 SMALL CAP ETF	$0	–	-17,407	–	-0.13%	–
CB	Exit	CHUBB LTD	$0	–	-4,262	–	-0.13%	–
PSX	Exit	PHILLIPS 66	$0	–	-10,585	–	-0.13%	–
IJR	Exit	ISHARES TR CORE S&P SMALL-CAP ETF	$0	–	-6,915	–	-0.13%	–
	Exit	3M COMPANY	$0	–	-4,421	–	-0.13%	–
CAT	Exit	CATERPILLAR INC	$0	–	-4,132	–	-0.14%	–
EFA	Exit	ISHARES TR MSCI EAFE ETF	$0	–	-10,220	–	-0.14%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-304	–	-0.14%	–
VIOO	Exit	VANGUARD ADMIRAL FDS INC S&P SMALLCAP 600 INDEX FD	$0	–	-4,075	–	-0.14%	–
TFC	Exit	TRUIST FINANCIAL CORP	$0	–	-14,190	–	-0.14%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-7,850	–	-0.14%	–
SPIB	Exit	SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	$0	–	-25,226	–	-0.16%	–
GLW	Exit	CORNING INC	$0	–	-26,057	–	-0.16%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-2,665	–	-0.16%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-13,132	–	-0.18%	–
NYF	Exit	ISHARES NEW YORK MUNI BOND	$0	–	-18,750	–	-0.19%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-2,897	–	-0.19%	–
RCL	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-12,301	–	-0.19%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-12,984	–	-0.19%	–
BK	Exit	THE BANK OF NY MELLON CORP	$0	–	-21,508	–	-0.19%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-52,816	–	-0.20%	–
KMX	Exit	CARMAX INC	$0	–	-9,059	–	-0.20%	–
	Exit	ABBVIE INC COM	$0	–	-10,803	–	-0.20%	–
LUV	Exit	SOUTHWEST AIRLINES CO	$0	–	-23,826	–	-0.21%	–
FPL	Exit	NEXTERA ENERGY INC.	$0	–	-16,626	–	-0.22%	–
OSK	Exit	OSHKOSH CORP	$0	–	-13,142	–	-0.23%	–
MCD	Exit	MCDONALDS CORP	$0	–	-5,618	–	-0.23%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-22,968	–	-0.23%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-12,198	–	-0.25%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-4,237	–	-0.25%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-18,426	–	-0.27%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-11,307	–	-0.27%	–
PNC	Exit	PNC FINANCIAL SERVICES	$0	–	-8,143	–	-0.27%	–
T	Exit	AT & T INC	$0	–	-60,143	–	-0.28%	–
AZO	Exit	AUTOZONE INC	$0	–	-973	–	-0.28%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-17,727	–	-0.29%	–
	Exit	INVESCO QQQ TR UNIT SER 1	$0	–	-4,687	–	-0.29%	–
BA	Exit	BOEING CO	$0	–	-7,995	–	-0.30%	–
NUV	Exit	NUVEEN MUNICIPAL VALUE FUND INC	$0	–	-165,586	–	-0.32%	–
ENB	Exit	ENBRIDGE INC	$0	–	-47,462	–	-0.32%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-14,650	–	-0.32%	–
MDLZ	Exit	MONDELEZ INTL INC CL A	$0	–	-33,204	–	-0.33%	–
AES	Exit	AES CORP	$0	–	-84,653	–	-0.33%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TR	$0	–	-4,434	–	-0.37%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INC. COM	$0	–	-1,292	–	-0.40%	–
CVX	Exit	CHEVRON CORP	$0	–	-23,312	–	-0.41%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-35,509	–	-0.41%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-18,071	–	-0.43%	–
AXP	Exit	AMERICAN EXPRESS CORP	$0	–	-15,420	–	-0.44%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-5,787	–	-0.45%	–
MRK	Exit	MERCK & CO INC	$0	–	-37,418	–	-0.48%	–
CIEN	Exit	CIENA CORP	$0	–	-56,247	–	-0.50%	–
RMD	Exit	RESMED INC	$0	–	-11,000	–	-0.50%	–
OCFC	Exit	OCEANFIRST FINL CORP	$0	–	-140,000	–	-0.51%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-34,456	–	-0.52%	–
INTC	Exit	INTEL CORP	$0	–	-59,421	–	-0.54%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-23,348	–	-0.56%	–
PLD	Exit	PROLOGICS INC.	$0	–	-28,395	–	-0.61%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-68,535	–	-0.64%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-18,951	–	-0.65%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-39,897	–	-0.67%	–
SPSB	Exit	SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	$0	–	-125,616	–	-0.67%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-18,144	–	-0.68%	–
PKI	Exit	PERKINELMER INC	$0	–	-23,035	–	-0.68%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-25,732	–	-0.71%	–
XLNX	Exit	XILINX INC	$0	–	-27,696	–	-0.72%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-38,138	–	-0.72%	–
STL	Exit	STERLING BANCORP DEL COM	$0	–	-171,581	–	-0.73%	–
DG	Exit	DOLLAR GENERAL CORPORATION	$0	–	-21,996	–	-0.80%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-87,005	–	-0.88%	–
MS	Exit	MORGAN STANLEY	$0	–	-52,833	–	-0.88%	–
HON	Exit	HONEYWELL INTERNATIONAL	$0	–	-24,561	–	-0.89%	–
CSX	Exit	C S X CORP	$0	–	-179,578	–	-0.92%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-38,911	–	-0.97%	–
EL	Exit	ESTEE LAUDER COMPANIES INC CL A	$0	–	-18,984	–	-0.98%	–
AMT	Exit	AMERN TOWER CORP CLASS A	$0	–	-22,159	–	-1.01%	–
SPY	Exit	SPDR S&P 500 ETF TR	$0	–	-14,002	–	-1.03%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-139,976	–	-1.03%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-22,401	–	-1.07%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-112,641	–	-1.08%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-117,604	–	-1.09%	–
AVGO	Exit	BROADCOM LTD	$0	–	-13,379	–	-1.11%	–
V	Exit	VISA INC	$0	–	-29,922	–	-1.14%	–
ILMN	Exit	ILLUMINA INC	$0	–	-16,561	–	-1.15%	–
MMC	Exit	MARSH & MCLENNAN CO INC	$0	–	-47,954	–	-1.24%	–
DIS	Exit	DISNEY WALT CO	$0	–	-44,442	–	-1.29%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-50,631	–	-1.31%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-21,772	–	-1.46%	–
CRM	Exit	SALESFORCE COM	$0	–	-32,794	–	-1.52%	–
BAC	Exit	BANKAMERICA CORP	$0	–	-211,926	–	-1.54%	–
DHR	Exit	DANAHER CORP	$0	–	-33,695	–	-1.76%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,484	–	-1.96%	–
FB	Exit	FACEBOOK INC CL A	$0	–	-37,881	–	-2.20%	–
LLY	Exit	ELI LILLY & COMPANY	$0	–	-56,375	–	-2.23%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-82,496	–	-2.32%	–
NVDA	Exit	NVIDIA CORP	$0	–	-66,293	–	-2.36%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-27,237	–	-2.69%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC.	$0	–	-28,540	–	-2.80%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-6,120	–	-2.80%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-133,123	–	-2.86%	–
HD	Exit	THE HOME DEPOT INC	$0	–	-51,424	–	-2.90%	–
PFF	Exit	ISHARES TR S&P US PFD STK INDE	$0	–	-496,045	–	-3.30%	–
AAPL	Exit	APPLE, INC.	$0	–	-150,011	–	-3.64%	–
OCBI	Exit	ORANGE CNTY BANCORP INC	$0	–	-627,690	–	-3.78%	–
ISRG	Exit	INTUITIVE SURGICAL INC NEW	$0	–	-26,940	–	-4.59%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-113,595	–	-5.49%	–

Q3 2021

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$32,025,000	+1.6%	113,595	-2.4%	5.49%	+0.2%
OCBI	Sell	ORANGE CNTY BANCORP INC	$22,063,000	+3.1%	627,690	-0.3%	3.78%	+1.7%
AAPL	Sell	APPLE, INC.	$21,227,000	+1.6%	150,011	-1.7%	3.64%	+0.2%
PFF	Buy	ISHARES TR S&P US PFD STK INDE	$19,251,000	-1.2%	496,045	+0.1%	3.30%	-2.5%
HD	Sell	THE HOME DEPOT INC	$16,881,000	+0.3%	51,424	-2.6%	2.90%	-1.1%
MDT	Buy	MEDTRONIC PLC	$16,687,000	+1.5%	133,123	+0.5%	2.86%	+0.1%
GOOG	Sell	ALPHABET INC CLASS C	$16,312,000	+5.6%	6,120	-0.7%	2.80%	+4.2%
TMO	Sell	THERMO FISHER SCIENTIFIC INC.	$16,305,000	+7.8%	28,540	-4.8%	2.80%	+6.4%
ADBE	Sell	ADOBE SYSTEMS INC	$15,681,000	-3.1%	27,237	-1.5%	2.69%	-4.4%
NVDA	Buy	NVIDIA CORP	$13,733,000	+6.2%	66,293	+310.3%	2.36%	+4.8%
JPM	Sell	JP MORGAN CHASE & CO	$13,504,000	+4.4%	82,496	-0.8%	2.32%	+3.0%
LLY	Sell	ELI LILLY & COMPANY	$13,025,000	-1.2%	56,375	-1.9%	2.23%	-2.6%
FB	Buy	FACEBOOK INC CL A	$12,856,000	-2.1%	37,881	+0.3%	2.20%	-3.5%
AMZN	Buy	AMAZON COM INC	$11,445,000	-1.9%	3,484	+2.8%	1.96%	-3.2%
DHR	Buy	DANAHER CORP	$10,258,000	+13.9%	33,695	+0.4%	1.76%	+12.4%
BAC	Buy	BANKAMERICA CORP	$8,996,000	+4.4%	211,926	+1.4%	1.54%	+3.0%
CRM	Buy	SALESFORCE COM	$8,894,000	+11.5%	32,794	+0.4%	1.52%	+10.0%
UNH	Sell	UNITED HEALTHCARE CORP	$8,507,000	-4.0%	21,772	-1.6%	1.46%	-5.3%
PEP	Sell	PEPSICO INCORPORATED	$7,615,000	-0.5%	50,631	-1.9%	1.31%	-1.8%
DIS	Buy	DISNEY WALT CO	$7,518,000	-3.3%	44,442	+0.4%	1.29%	-4.7%
MMC	Sell	MARSH & MCLENNAN CO INC	$7,262,000	+6.8%	47,954	-0.8%	1.24%	+5.3%
ILMN	Sell	ILLUMINA INC	$6,717,000	-14.5%	16,561	-0.2%	1.15%	-15.6%
V	Buy	VISA INC	$6,665,000	-3.9%	29,922	+0.9%	1.14%	-5.1%
AVGO	Sell	BROADCOM LTD	$6,488,000	-3.4%	13,379	-5.0%	1.11%	-4.8%
VZ	Sell	VERIZON COMMUNICATIONS	$6,352,000	-6.5%	117,604	-3.0%	1.09%	-7.8%
CMCSA	Sell	COMCAST CORP NEW CL A	$6,300,000	-3.5%	112,641	-1.6%	1.08%	-4.8%
SHW	Sell	SHERWIN WILLIAMS CO	$6,266,000	+0.1%	22,401	-2.5%	1.07%	-1.3%
PFE	Buy	PFIZER INCORPORATED	$6,020,000	+20.1%	139,976	+9.4%	1.03%	+18.5%
SPY	Buy	SPDR S&P 500 ETF TR	$6,009,000	+0.5%	14,002	+0.2%	1.03%	-1.0%
AMT	Sell	AMERN TOWER CORP CLASS A	$5,881,000	-3.6%	22,159	-1.9%	1.01%	-4.9%
EL	Sell	ESTEE LAUDER COMPANIES INC CL A	$5,694,000	-8.8%	18,984	-3.3%	0.98%	-10.1%
NKE	Sell	NIKE INC CLASS B	$5,651,000	-8.5%	38,911	-2.6%	0.97%	-9.7%
CSX	Buy	C S X CORP	$5,341,000	+74.7%	179,578	+88.5%	0.92%	+72.5%
HON	Sell	HONEYWELL INTERNATIONAL	$5,214,000	-3.7%	24,561	-0.5%	0.89%	-5.0%
MS	Buy	MORGAN STANLEY	$5,141,000	+12.3%	52,833	+5.9%	0.88%	+10.9%
XOM	Buy	EXXON MOBIL CORPORATION	$5,118,000	-2.5%	87,005	+4.6%	0.88%	-3.7%
DG	Sell	DOLLAR GENERAL CORPORATION	$4,666,000	-4.1%	21,996	-2.2%	0.80%	-5.4%
STL	Sell	STERLING BANCORP DEL COM	$4,283,000	-0.0%	171,581	-0.7%	0.73%	-1.5%
SBUX	Buy	STARBUCKS CORP	$4,207,000	+1.3%	38,138	+2.7%	0.72%	-0.1%
XLNX	Buy	XILINX INC	$4,182,000	+6.5%	27,696	+2.0%	0.72%	+5.0%
JNJ	Sell	JOHNSON & JOHNSON	$4,156,000	-13.9%	25,732	-12.2%	0.71%	-15.0%
PKI	Buy	PERKINELMER INC	$3,992,000	+13.1%	23,035	+0.8%	0.68%	+11.4%
FDX	Buy	FEDEX CORPORATION	$3,979,000	-21.8%	18,144	+6.3%	0.68%	-22.9%
SPSB	Buy	SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	$3,926,000	+3.7%	125,616	+3.9%	0.67%	+2.3%
DUK	Buy	DUKE ENERGY CORPORATION	$3,894,000	-1.0%	39,897	+0.1%	0.67%	-2.3%
ADP	Sell	AUTO DATA PROCESSING	$3,789,000	-8.1%	18,951	-8.8%	0.65%	-9.3%
CSCO	Sell	CISCO SYSTEMS INC	$3,730,000	-4.6%	68,535	-7.1%	0.64%	-5.7%
PLD	Buy	PROLOGICS INC.	$3,562,000	+14.1%	28,395	+8.7%	0.61%	+12.5%
WMT	Sell	WAL-MART STORES INC	$3,254,000	-11.9%	23,348	-10.8%	0.56%	-13.1%
INTC	Sell	INTEL CORP	$3,166,000	-8.7%	59,421	-3.8%	0.54%	-9.8%
ORCL	Sell	ORACLE CORPORATION	$3,002,000	+9.0%	34,456	-2.7%	0.52%	+7.5%
CIEN	Buy	CIENA CORP	$2,888,000	-6.8%	56,247	+3.3%	0.50%	-8.0%
MRK	Sell	MERCK & CO INC	$2,810,000	-11.9%	37,418	-8.8%	0.48%	-13.0%
COST	Sell	COSTCO WHSL CORP NEW	$2,600,000	+9.7%	5,787	-3.4%	0.45%	+8.3%
AXP	Buy	AMERICAN EXPRESS CORP	$2,583,000	+49.1%	15,420	+47.1%	0.44%	+47.2%
PG	Sell	PROCTER & GAMBLE CO	$2,526,000	-11.3%	18,071	-14.4%	0.43%	-12.5%
COP	Sell	CONOCOPHILLIPS	$2,406,000	+6.0%	35,509	-4.7%	0.41%	+4.6%
CVX	Sell	CHEVRON CORP	$2,365,000	-9.2%	23,312	-6.3%	0.41%	-10.4%
CMG	Buy	CHIPOTLE MEXICAN GRILL INC. COM	$2,348,000	+21.3%	1,292	+3.4%	0.40%	+19.9%
MDY	Sell	SPDR S&P MIDCAP 400 ETF TR	$2,132,000	-5.7%	4,434	-3.7%	0.37%	-6.9%
AES	Sell	AES CORP	$1,933,000	-13.4%	84,653	-1.1%	0.33%	-14.7%
MDLZ	Buy	MONDELEZ INTL INC CL A	$1,932,000	-6.8%	33,204	+0.1%	0.33%	-8.1%
ENB	Buy	ENBRIDGE INC	$1,891,000	-0.5%	47,462	+0.1%	0.32%	-1.8%
LECO	Sell	LINCOLN ELEC HLDGS INC	$1,887,000	-5.8%	14,650	-3.7%	0.32%	-6.9%
NUV	Buy	NUVEEN MUNICIPAL VALUE FUND INC	$1,874,000	+3.0%	165,586	+4.9%	0.32%	+1.6%
BA	Sell	BOEING CO	$1,758,000	-14.9%	7,995	-7.3%	0.30%	-16.2%
	New	INVESCO QQQ TR UNIT SER 1	$1,678,000	–	4,687	–	0.29%	–
EMR	Sell	EMERSON ELECTRIC CO	$1,670,000	-3.5%	17,727	-1.5%	0.29%	-5.0%
AZO	Buy	AUTOZONE INC	$1,652,000	+14.8%	973	+0.9%	0.28%	+13.2%
T	Sell	AT & T INC	$1,624,000	-6.4%	60,143	-0.3%	0.28%	-7.9%
PNC	Buy	PNC FINANCIAL SERVICES	$1,593,000	+63.9%	8,143	+59.7%	0.27%	+61.5%
IBM	Buy	INTL BUSINESS MACHINES	$1,571,000	-4.3%	11,307	+1.0%	0.27%	-5.6%
CVS	Sell	CVS HEALTH CORP	$1,564,000	-2.2%	18,426	-3.9%	0.27%	-3.6%
LMT	Sell	LOCKHEED MARTIN CORP	$1,462,000	-21.8%	4,237	-14.3%	0.25%	-22.8%
ABT	Sell	ABBOTT LABORATORIES	$1,441,000	-10.5%	12,198	-12.2%	0.25%	-11.8%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,359,000	-14.4%	22,968	-3.3%	0.23%	-15.6%
MCD	Sell	MCDONALDS CORP	$1,355,000	-6.1%	5,618	-10.1%	0.23%	-7.6%
OSK	Buy	OSHKOSH CORP	$1,345,000	-17.4%	13,142	+0.6%	0.23%	-18.4%
FPL	Sell	NEXTERA ENERGY INC.	$1,305,000	-2.2%	16,626	-8.7%	0.22%	-3.4%
LUV	Buy	SOUTHWEST AIRLINES CO	$1,225,000	+6.2%	23,826	+9.7%	0.21%	+5.0%
	Sell	ABBVIE INC COM	$1,165,000	-16.9%	10,803	-13.2%	0.20%	-18.0%
KMX	Buy	CARMAX INC	$1,159,000	+7.0%	9,059	+8.0%	0.20%	+5.9%
COG	Buy	CABOT OIL & GAS CORP	$1,149,000	+25.4%	52,816	+0.7%	0.20%	+23.9%
RTN	Sell	RAYTHEON COMPANY NEW	$1,116,000	-3.4%	12,984	-4.1%	0.19%	-5.0%
BK	Sell	THE BANK OF NY MELLON CORP	$1,115,000	-2.4%	21,508	-3.6%	0.19%	-4.0%
GS	Sell	GOLDMAN SACHS GROUP INC	$1,095,000	-9.1%	2,897	-8.7%	0.19%	-10.0%
RCL	Buy	ROYAL CARIBBEAN CRUISES LTD	$1,094,000	+14.3%	12,301	+9.6%	0.19%	+13.3%
NYF	Buy	ISHARES NEW YORK MUNI BOND	$1,085,000	+5.8%	18,750	+6.8%	0.19%	+4.5%
SYY	Sell	SYSCO CORPORATION	$1,031,000	-6.6%	13,132	-7.5%	0.18%	-7.8%
NOC	Sell	NORTHROP GRUMMAN CORP	$960,000	-4.5%	2,665	-3.6%	0.16%	-5.7%
GLW	Buy	CORNING INC	$951,000	-9.6%	26,057	+1.3%	0.16%	-10.9%
SPIB	Buy	SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	$921,000	+12.3%	25,226	+12.8%	0.16%	+10.5%
CTXS	Sell	CITRIX SYSTEMS INC	$843,000	-10.1%	7,850	-1.9%	0.14%	-11.0%
TFC	Sell	TRUIST FINANCIAL CORP	$832,000	-7.9%	14,190	-12.8%	0.14%	-8.9%
EFA	Buy	ISHARES TR MSCI EAFE ETF	$797,000	+7.6%	10,220	+8.8%	0.14%	+6.2%
CAT	Buy	CATERPILLAR INC	$793,000	-7.7%	4,132	+4.7%	0.14%	-8.7%
	Sell	3M COMPANY	$775,000	-15.8%	4,421	-4.6%	0.13%	-16.9%
IJR	Buy	ISHARES TR CORE S&P SMALL-CAP ETF	$755,000	+3.9%	6,915	+7.4%	0.13%	+2.4%
PSX	Sell	PHILLIPS 66	$741,000	-22.1%	10,585	-4.5%	0.13%	-23.0%
CB	Sell	CHUBB LTD	$739,000	+6.8%	4,262	-2.2%	0.13%	+5.8%
SPSM	Buy	SPDR PORTFOLIO S&P 600 SMALL CAP ETF	$742,000	+23.1%	17,407	+26.9%	0.13%	+21.0%
MGA	Buy	MAGNA INTERNATIONAL INC	$713,000	+13.7%	9,480	+40.2%	0.12%	+11.9%
MTB	Sell	M & T BANK CORP	$708,000	-1.4%	4,740	-4.0%	0.12%	-3.2%
LEN	Buy	LENNAR CORP	$698,000	-5.0%	7,448	+0.7%	0.12%	-6.2%
ITW	Sell	ILLINOIS TOOL WORKS INC	$622,000	-7.9%	3,010	-0.3%	0.11%	-8.5%
IFF	Sell	INTL FLAVOR & FRAGRANCES	$584,000	-15.5%	4,367	-5.6%	0.10%	-16.7%
NSC	Sell	NORFOLK SOUTHERN CORP	$568,000	-11.8%	2,373	-2.3%	0.10%	-13.4%
LHX	Buy	L3HARRIS TECHNOLOGIES INC	$530,000	+11.3%	2,406	+9.3%	0.09%	+9.6%
LOW	Buy	LOWES COMPANIES INC	$527,000	+11.7%	2,598	+6.7%	0.09%	+9.8%
PPL	Sell	PPL CORPORATION	$517,000	-6.8%	18,547	-6.6%	0.09%	-7.3%
IYW	Sell	ISHARES US TECHNOLOGY ETF	$502,000	-7.6%	4,960	-9.2%	0.09%	-8.5%
CMC	Sell	COMMERCIAL METALS CO	$472,000	-2.5%	15,495	-1.6%	0.08%	-3.6%
SPYG	Buy	SPDR PORTFILIO S&P 500 GROWTH	$458,000	+29.0%	7,154	+26.9%	0.08%	+27.4%
PEG	New	PUBLIC SERVICE ENTERPRISE GROUP INC	$444,000	–	7,292	–	0.08%	–
QCOM	Sell	QUALCOMM INC	$436,000	-13.7%	3,380	-4.2%	0.08%	-14.8%
AEP	New	AMERICAN ELECTICAL POWER COMPANY INC	$423,000	–	5,209	–	0.07%	–
SPEM	Buy	SPDR PORTFOLIO EMERGING MARKETS ETF	$423,000	+4.7%	9,939	+11.9%	0.07%	+4.3%
DTE	New	D T E ENERGY COMPANY	$425,000	–	3,808	–	0.07%	–
CMS	New	CMS ENERGY CORP	$422,000	–	7,065	–	0.07%	–
VLO	Sell	VALERO ENERGY CORP	$413,000	-15.7%	5,855	-6.8%	0.07%	-16.5%
LNT	New	ALLIANT ENERGY CORP	$415,000	–	7,408	–	0.07%	–
OGE	New	OGE ENERGY CORP	$408,000	–	12,366	–	0.07%	–
CSWI	Sell	CSW INDUSTRIALS INC	$410,000	+4.6%	3,212	-3.0%	0.07%	+2.9%
PNW	New	PINNACLE WEST CAPITAL	$393,000	–	5,435	–	0.07%	–
GE	Sell	GENERAL ELECTRIC COMPANY	$388,000	-4.4%	3,764	-87.5%	0.07%	-5.6%
KO	Sell	COCA COLA COMPANY	$388,000	-4.4%	7,400	-1.4%	0.07%	-5.6%
WMB	Sell	WILLIAMS COMPANIES	$379,000	-6.0%	14,609	-3.8%	0.06%	-7.1%
XEL	New	XCEL ENERGY INC	$380,000	–	6,088	–	0.06%	–
CI	Sell	CIGNA CORP	$379,000	-17.2%	1,891	-2.2%	0.06%	-18.8%
UTL	New	UNITIL CORP	$375,000	–	8,770	–	0.06%	–
SPMD	Buy	SPDR PORTFOLIO S&P 400 MID CAP ETF	$367,000	+51.0%	7,952	+54.7%	0.06%	+50.0%
SPYV	Buy	SPDR PORTFILIO S&P 500 VALUE	$345,000	+21.1%	8,849	+22.6%	0.06%	+18.0%
MET	Buy	METLIFE INC	$347,000	+4.5%	5,626	+1.3%	0.06%	+1.7%
KHC	Sell	THE KRAFT HEINZ CO	$339,000	-11.3%	9,199	-1.8%	0.06%	-12.1%
EEM	Buy	ISHARES TR MSCI EMERGING MKTS INDEX FD	$339,000	-3.1%	6,721	+6.0%	0.06%	-4.9%
CAH	Sell	CARDINAL HEALTH INC	$324,000	-14.7%	6,551	-1.5%	0.06%	-15.2%
SPDW	Buy	SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	$327,000	+16.8%	9,019	+18.7%	0.06%	+14.3%
RDSA	Sell	ROYAL DUTCH SHELL SPON ADR	$278,000	+6.9%	6,230	-3.0%	0.05%	+6.7%
BP	Sell	BP PLC ADR	$264,000	0.0%	9,676	-3.3%	0.04%	-2.2%
TD	Sell	TORONTO DOMINION BK	$258,000	-13.4%	3,900	-8.2%	0.04%	-15.4%
DOW	Sell	DOW INC	$245,000	-9.6%	4,263	-0.6%	0.04%	-10.6%
KMB	Buy	KIMBERLY-CLARK CORP	$222,000	+2.3%	1,675	+3.1%	0.04%	0.0%
MRNA	New	MODERNA INC	$214,000	–	555	–	0.04%	–
MAS	Sell	MASCO CORP	$204,000	-12.8%	3,670	-7.6%	0.04%	-14.6%
SPG	New	SIMON PROPERTY GROUP INC	$206,000	–	1,583	–	0.04%	–
CECBF	Exit	Cellcube Energy Storage Sys Inc Com	$0	–	-15,000	–	0.00%	–
	New	SALTBAE CAPITAL CORP	$0	–	15,000	–	0.00%	–
WDDD	Exit	WORLDS INC	$0	–	-120,000	–	-0.00%	–
UPS	Exit	UNITED PARCEL SERVICE INC	$0	–	-975	–	-0.04%	–
HSY	Exit	THE HERSHEY COMPANY	$0	–	-1,164	–	-0.04%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-2,463	–	-0.04%	–
WFC	Exit	WELLS FARGO & CO.	$0	–	-4,465	–	-0.04%	–
HAL	Exit	HALLIBURTON COMPANY	$0	–	-8,930	–	-0.04%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-2,969	–	-0.04%	–
VOO	Exit	VANGUARD INDEX FD S&P 500 ETF	$0	–	-588	–	-0.04%	–
QQQ	Exit	INVESCO QQQ TR UNIT SER 1	$0	–	-4,677	–	-0.29%	–

Q2 2021

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$31,530,000	–	116,388	–	5.48%	–
ISRG	New	INTUITIVE SURGICAL INC NEW	$24,775,000	–	26,940	–	4.31%	–
OCBI	New	ORANGE CNTY BANCORP INC	$21,409,000	–	629,665	–	3.72%	–
AAPL	New	APPLE, INC.	$20,903,000	–	152,624	–	3.63%	–
PFF	New	ISHARES TR S&P US PFD STK INDE	$19,486,000	–	495,335	–	3.39%	–
HD	New	THE HOME DEPOT INC	$16,834,000	–	52,790	–	2.93%	–
MDT	New	MEDTRONIC PLC	$16,436,000	–	132,406	–	2.86%	–
ADBE	New	ADOBE SYSTEMS INC	$16,186,000	–	27,638	–	2.81%	–
GOOG	New	ALPHABET INC CLASS C	$15,449,000	–	6,164	–	2.68%	–
TMO	New	THERMO FISHER SCIENTIFIC INC.	$15,120,000	–	29,973	–	2.63%	–
LLY	New	ELI LILLY & COMPANY	$13,187,000	–	57,453	–	2.29%	–
FB	New	FACEBOOK INC CL A	$13,138,000	–	37,785	–	2.28%	–
JPM	New	JP MORGAN CHASE & CO	$12,935,000	–	83,165	–	2.25%	–
NVDA	New	NVIDIA CORP	$12,926,000	–	16,156	–	2.25%	–
AMZN	New	AMAZON COM INC	$11,662,000	–	3,390	–	2.03%	–
DHR	New	DANAHER CORP	$9,003,000	–	33,548	–	1.56%	–
UNH	New	UNITED HEALTHCARE CORP	$8,860,000	–	22,126	–	1.54%	–
BAC	New	BANKAMERICA CORP	$8,619,000	–	209,056	–	1.50%	–
CRM	New	SALESFORCE COM	$7,977,000	–	32,656	–	1.39%	–
ILMN	New	ILLUMINA INC	$7,855,000	–	16,599	–	1.36%	–
DIS	New	DISNEY WALT CO	$7,778,000	–	44,249	–	1.35%	–
PEP	New	PEPSICO INCORPORATED	$7,650,000	–	51,633	–	1.33%	–
V	New	VISA INC	$6,935,000	–	29,660	–	1.20%	–
MMC	New	MARSH & MCLENNAN CO INC	$6,802,000	–	48,348	–	1.18%	–
VZ	New	VERIZON COMMUNICATIONS	$6,796,000	–	121,289	–	1.18%	–
AVGO	New	BROADCOM LTD	$6,718,000	–	14,089	–	1.17%	–
CMCSA	New	COMCAST CORP NEW CL A	$6,526,000	–	114,457	–	1.13%	–
SHW	New	SHERWIN WILLIAMS CO	$6,262,000	–	22,985	–	1.09%	–
EL	New	ESTEE LAUDER COMPANIES INC CL A	$6,246,000	–	19,635	–	1.09%	–
NKE	New	NIKE INC CLASS B	$6,173,000	–	39,955	–	1.07%	–
AMT	New	AMERN TOWER CORP CLASS A	$6,101,000	–	22,583	–	1.06%	–
SPY	New	SPDR S&P 500 ETF TR	$5,982,000	–	13,974	–	1.04%	–
HON	New	HONEYWELL INTERNATIONAL	$5,413,000	–	24,676	–	0.94%	–
XOM	New	EXXON MOBIL CORPORATION	$5,248,000	–	83,201	–	0.91%	–
FDX	New	FEDEX CORPORATION	$5,091,000	–	17,065	–	0.88%	–
PFE	New	PFIZER INCORPORATED	$5,012,000	–	127,976	–	0.87%	–
DG	New	DOLLAR GENERAL CORPORATION	$4,867,000	–	22,491	–	0.85%	–
JNJ	New	JOHNSON & JOHNSON	$4,828,000	–	29,305	–	0.84%	–
MS	New	MORGAN STANLEY	$4,576,000	–	49,903	–	0.80%	–
STL	New	STERLING BANCORP DEL COM	$4,284,000	–	172,831	–	0.74%	–
SBUX	New	STARBUCKS CORP	$4,152,000	–	37,132	–	0.72%	–
ADP	New	AUTO DATA PROCESSING	$4,125,000	–	20,770	–	0.72%	–
DUK	New	DUKE ENERGY CORPORATION	$3,933,000	–	39,839	–	0.68%	–
XLNX	New	XILINX INC	$3,927,000	–	27,152	–	0.68%	–
CSCO	New	CISCO SYSTEMS INC	$3,909,000	–	73,756	–	0.68%	–
SPSB	New	SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	$3,785,000	–	120,931	–	0.66%	–
WMT	New	WAL-MART STORES INC	$3,692,000	–	26,183	–	0.64%	–
PKI	New	PERKINELMER INC	$3,530,000	–	22,863	–	0.61%	–
INTC	New	INTEL CORP	$3,466,000	–	61,741	–	0.60%	–
MRK	New	MERCK & CO INC	$3,190,000	–	41,016	–	0.55%	–
PLD	New	PROLOGICS INC.	$3,122,000	–	26,120	–	0.54%	–
CIEN	New	CIENA CORP	$3,098,000	–	54,453	–	0.54%	–
CSX	New	C S X CORP	$3,057,000	–	95,292	–	0.53%	–
OCFC	New	OCEANFIRST FINL CORP	$2,918,000	–	140,000	–	0.51%	–
PG	New	PROCTER & GAMBLE CO	$2,849,000	–	21,114	–	0.50%	–
ORCL	New	ORACLE CORPORATION	$2,755,000	–	35,396	–	0.48%	–
RMD	New	RESMED INC	$2,712,000	–	11,000	–	0.47%	–
CVX	New	CHEVRON CORP	$2,606,000	–	24,880	–	0.45%	–
COST	New	COSTCO WHSL CORP NEW	$2,371,000	–	5,992	–	0.41%	–
COP	New	CONOCOPHILLIPS	$2,270,000	–	37,279	–	0.40%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TR	$2,260,000	–	4,602	–	0.39%	–
AES	New	AES CORP	$2,232,000	–	85,614	–	0.39%	–
MDLZ	New	MONDELEZ INTL INC CL A	$2,072,000	–	33,179	–	0.36%	–
BA	New	BOEING CO	$2,066,000	–	8,626	–	0.36%	–
LECO	New	LINCOLN ELEC HLDGS INC	$2,003,000	–	15,208	–	0.35%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC. COM	$1,936,000	–	1,249	–	0.34%	–
ENB	New	ENBRIDGE INC	$1,901,000	–	47,412	–	0.33%	–
LMT	New	LOCKHEED MARTIN CORP	$1,870,000	–	4,942	–	0.32%	–
NUV	New	NUVEEN MUNICIPAL VALUE FUND INC	$1,819,000	–	157,786	–	0.32%	–
T	New	AT & T INC	$1,735,000	–	60,294	–	0.30%	–
AXP	New	AMERICAN EXPRESS CORP	$1,732,000	–	10,482	–	0.30%	–
EMR	New	EMERSON ELECTRIC CO	$1,731,000	–	17,990	–	0.30%	–
QQQ	New	INVESCO QQQ TR UNIT SER 1	$1,658,000	–	4,677	–	0.29%	–
IBM	New	INTL BUSINESS MACHINES	$1,641,000	–	11,197	–	0.28%	–
OSK	New	OSHKOSH CORP	$1,629,000	–	13,067	–	0.28%	–
ABT	New	ABBOTT LABORATORIES	$1,610,000	–	13,889	–	0.28%	–
CVS	New	CVS HEALTH CORP	$1,600,000	–	19,181	–	0.28%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,587,000	–	23,753	–	0.28%	–
MCD	New	MCDONALDS CORP	$1,443,000	–	6,248	–	0.25%	–
AZO	New	AUTOZONE INC	$1,439,000	–	964	–	0.25%	–
	New	ABBVIE INC COM	$1,402,000	–	12,444	–	0.24%	–
FPL	New	NEXTERA ENERGY INC.	$1,334,000	–	18,206	–	0.23%	–
GS	New	GOLDMAN SACHS GROUP INC	$1,204,000	–	3,172	–	0.21%	–
RTN	New	RAYTHEON COMPANY NEW	$1,155,000	–	13,535	–	0.20%	–
LUV	New	SOUTHWEST AIRLINES CO	$1,153,000	–	21,716	–	0.20%	–
BK	New	THE BANK OF NY MELLON CORP	$1,143,000	–	22,303	–	0.20%	–
SYY	New	SYSCO CORPORATION	$1,104,000	–	14,197	–	0.19%	–
KMX	New	CARMAX INC	$1,083,000	–	8,386	–	0.19%	–
GLW	New	CORNING INC	$1,052,000	–	25,712	–	0.18%	–
NYF	New	ISHARES NEW YORK MUNI BOND	$1,026,000	–	17,550	–	0.18%	–
NOC	New	NORTHROP GRUMMAN CORP	$1,005,000	–	2,765	–	0.18%	–
PNC	New	PNC FINANCIAL SERVICES	$972,000	–	5,098	–	0.17%	–
RCL	New	ROYAL CARIBBEAN CRUISES LTD	$957,000	–	11,224	–	0.17%	–
PSX	New	PHILLIPS 66	$951,000	–	11,084	–	0.16%	–
CTXS	New	CITRIX SYSTEMS INC	$938,000	–	8,000	–	0.16%	–
	New	3M COMPANY	$920,000	–	4,632	–	0.16%	–
COG	New	CABOT OIL & GAS CORP	$916,000	–	52,459	–	0.16%	–
TFC	New	TRUIST FINANCIAL CORP	$903,000	–	16,269	–	0.16%	–
CAT	New	CATERPILLAR INC	$859,000	–	3,946	–	0.15%	–
VIOO	New	VANGUARD ADMIRAL FDS INC S&P SMALLCAP 600 INDEX FD	$845,000	–	4,075	–	0.15%	–
SPIB	New	SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	$820,000	–	22,354	–	0.14%	–
GOOGL	New	ALPHABET INC CLASS A	$742,000	–	304	–	0.13%	–
EFA	New	ISHARES TR MSCI EAFE ETF	$741,000	–	9,390	–	0.13%	–
LEN	New	LENNAR CORP	$735,000	–	7,398	–	0.13%	–
IJR	New	ISHARES TR CORE S&P SMALL-CAP ETF	$727,000	–	6,437	–	0.13%	–
MTB	New	M & T BANK CORP	$718,000	–	4,940	–	0.12%	–
CB	New	CHUBB LTD	$692,000	–	4,357	–	0.12%	–
IFF	New	INTL FLAVOR & FRAGRANCES	$691,000	–	4,627	–	0.12%	–
ITW	New	ILLINOIS TOOL WORKS INC	$675,000	–	3,020	–	0.12%	–
NSC	New	NORFOLK SOUTHERN CORP	$644,000	–	2,428	–	0.11%	–
MGA	New	MAGNA INTERNATIONAL INC	$627,000	–	6,764	–	0.11%	–
AMGN	New	AMGEN INC COM	$630,000	–	2,585	–	0.11%	–
SPSM	New	SPDR PORTFOLIO S&P 600 SMALL CAP ETF	$603,000	–	13,713	–	0.10%	–
TROW	New	T. ROWE PRICE GROUP INC	$599,000	–	3,025	–	0.10%	–
PPL	New	PPL CORPORATION	$555,000	–	19,847	–	0.10%	–
IYW	New	ISHARES US TECHNOLOGY ETF	$543,000	–	5,460	–	0.09%	–
JFBC	New	JEFFERSONVILLE BANCORP	$534,000	–	28,841	–	0.09%	–
QCOM	New	QUALCOMM INC	$505,000	–	3,530	–	0.09%	–
VLO	New	VALERO ENERGY CORP	$490,000	–	6,280	–	0.08%	–
CMC	New	COMMERCIAL METALS CO	$484,000	–	15,745	–	0.08%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$476,000	–	2,201	–	0.08%	–
LOW	New	LOWES COMPANIES INC	$472,000	–	2,435	–	0.08%	–
CI	New	CIGNA CORP	$458,000	–	1,933	–	0.08%	–
SUN	New	SUNOCO LP COM	$452,000	–	12,000	–	0.08%	–
BCPC	New	BALCHEM CORP	$455,000	–	3,468	–	0.08%	–
VEA	New	VANGUARD FTSE DEVELOPED MARKETS ETF	$449,000	–	8,710	–	0.08%	–
KO	New	COCA COLA COMPANY	$406,000	–	7,505	–	0.07%	–
GE	New	GENERAL ELECTRIC COMPANY	$406,000	–	30,133	–	0.07%	–
WMB	New	WILLIAMS COMPANIES	$403,000	–	15,184	–	0.07%	–
SPEM	New	SPDR PORTFOLIO EMERGING MARKETS ETF	$404,000	–	8,885	–	0.07%	–
CSWI	New	CSW INDUSTRIALS INC	$392,000	–	3,312	–	0.07%	–
ALB	New	ALBEMARLE CORP	$379,000	–	2,250	–	0.07%	–
CAH	New	CARDINAL HEALTH INC	$380,000	–	6,651	–	0.07%	–
KHC	New	THE KRAFT HEINZ CO	$382,000	–	9,365	–	0.07%	–
SONO	New	SONOS INC	$361,000	–	10,250	–	0.06%	–
SPYG	New	SPDR PORTFILIO S&P 500 GROWTH	$355,000	–	5,637	–	0.06%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$351,000	–	6,667	–	0.06%	–
EEM	New	ISHARES TR MSCI EMERGING MKTS INDEX FD	$350,000	–	6,343	–	0.06%	–
NEA	New	NUVEEN AMT FREE MUN INCOME FD	$345,000	–	22,000	–	0.06%	–
LSI	New	LIFE STORAGE INC	$344,000	–	3,202	–	0.06%	–
MET	New	METLIFE INC	$332,000	–	5,552	–	0.06%	–
IGM	New	ISHARES NORTH AMERICAN TECH	$327,000	–	810	–	0.06%	–
ATRI	New	ATRION CORP	$310,000	–	500	–	0.05%	–
VWO	New	VANGUARD EMERGING MARKETS ETF	$304,000	–	5,605	–	0.05%	–
TD	New	TORONTO DOMINION BK	$298,000	–	4,250	–	0.05%	–
SPYV	New	SPDR PORTFILIO S&P 500 VALUE	$285,000	–	7,218	–	0.05%	–
BLL	New	BALL CORP	$284,000	–	3,500	–	0.05%	–
SPDW	New	SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	$280,000	–	7,599	–	0.05%	–
DOW	New	DOW INC	$271,000	–	4,287	–	0.05%	–
XLV	New	SPDR HEALTH CARE SELECT SECTOR TR	$272,000	–	2,160	–	0.05%	–
IRM	New	IRON MOUNTAIN INC	$271,000	–	6,400	–	0.05%	–
BP	New	BP PLC ADR	$264,000	–	10,010	–	0.05%	–
RDSA	New	ROYAL DUTCH SHELL SPON ADR	$260,000	–	6,424	–	0.04%	–
TSLA	New	TESLA MTRS INC	$249,000	–	367	–	0.04%	–
SPMD	New	SPDR PORTFOLIO S&P 400 MID CAP ETF	$243,000	–	5,139	–	0.04%	–
MAS	New	MASCO CORP	$234,000	–	3,970	–	0.04%	–
VOO	New	VANGUARD INDEX FD S&P 500 ETF	$231,000	–	588	–	0.04%	–
MEN	New	BLACKROCK MUNIENHANCED FD INC	$222,000	–	6,950	–	0.04%	–
KMB	New	KIMBERLY-CLARK CORP	$217,000	–	1,625	–	0.04%	–
ED	New	CONSOLIDATED EDISON INC	$213,000	–	2,969	–	0.04%	–
HAL	New	HALLIBURTON COMPANY	$206,000	–	8,930	–	0.04%	–
USB	New	US BANCORP DEL NEW	$208,000	–	3,650	–	0.04%	–
SCHW	New	CHARLES SCHWAB CORP	$208,000	–	2,851	–	0.04%	–
HSY	New	THE HERSHEY COMPANY	$203,000	–	1,164	–	0.04%	–
LUMN	New	LUMEN TECHNOLOGIES	$204,000	–	15,000	–	0.04%	–
CL	New	COLGATE-PALMOLIVE CO	$200,000	–	2,463	–	0.04%	–
UPS	New	UNITED PARCEL SERVICE INC	$203,000	–	975	–	0.04%	–
WFC	New	WELLS FARGO & CO.	$202,000	–	4,465	–	0.04%	–
JCI	New	JOHNSON CONTROLS INTERNATIONAL PLC	$204,000	–	2,972	–	0.04%	–
NVG	New	NUVEEN AMT FREE MUNICIPAL CREDIT INCOME FD	$188,000	–	10,500	–	0.03%	–
NZF	New	NUVEEN MUNICIPAL CR INCOME FD	$181,000	–	10,500	–	0.03%	–
NLY	New	ANNALY CAPITAL MANAGEMENT	$179,000	–	20,200	–	0.03%	–
NMZ	New	NUVEEN MUN HIGH INCOME OPP FD	$177,000	–	11,500	–	0.03%	–
AINV	New	APOLLO INVESTMENT GROUP	$171,000	–	12,500	–	0.03%	–
ECC	New	EAGLE POINT CREDIT CO LLC	$142,000	–	10,500	–	0.02%	–
BERK	New	BERKSHIRE BANCORP INC DEL COM	$118,000	–	10,816	–	0.02%	–
NRZ	New	NEW RESIDENTIAL INVT CORP	$120,000	–	11,300	–	0.02%	–
TWO	New	TWO HARBORS INVESTMENT CORP	$93,000	–	12,350	–	0.02%	–
ATHX	New	ATHERSYS INC	$32,000	–	22,500	–	0.01%	–
ENZC	New	ENZOLYTICS INC	$18,000	–	95,000	–	0.00%	–
WDDD	New	WORLDS INC	$12,000	–	120,000	–	0.00%	–
ASPR	New	ADSOUTH PARTNERS INC (NV)	$0	–	10,001	–	0.00%	–
	New	G6 MATERIALS CORPORATION	$2,000	–	16,900	–	0.00%	–
CECBF	New	Cellcube Energy Storage Sys Inc Com	$1,000	–	15,000	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
WMNS	Exit	WESTMONT RES INC	$0	–	-30,000	–	0.00%	–
ASPR	Exit	ADSOUTH PARTNERS INC (NV)	$0	–	-10,001	–	0.00%	–
CECBF	Exit	Cellcube Energy Storage Sys Inc Com	$0	–	-15,000	–	0.00%	–
ATHX	Exit	ATHERSYS INC	$0	–	-22,500	–	-0.01%	–
BERK	Exit	BERKSHIRE BANCORP INC DEL COM	$0	–	-13,048	–	-0.02%	–
MEN	Exit	BLACKROCK MUNIENHANCED FD INC	$0	–	-11,400	–	-0.03%	–
NZF	Exit	NUVEEN MUNICIPAL CR INCOME FD	$0	–	-10,500	–	-0.03%	–
NMZ	Exit	NUVEEN MUN HIGH INCOME OPP FD	$0	–	-11,500	–	-0.03%	–
NVG	Exit	NUVEEN MUNICIPAL CREDIT INCOME FD	$0	–	-10,500	–	-0.04%	–
	Exit	GENERAL ELECTRIC COMPANY	$0	–	-30,783	–	-0.04%	–
HAL	Exit	HALLIBURTON COMPANY	$0	–	-15,850	–	-0.04%	–
RDSA	Exit	ROYAL DUTCH SHELL SPON ADR	$0	–	-7,980	–	-0.04%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-2,250	–	-0.04%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES NV	$0	–	-2,876	–	-0.04%	–
GSK	Exit	GLAXOSMITHKLINE PLC ADR	$0	–	-5,583	–	-0.04%	–
BP	Exit	BP PLC ADR	$0	–	-11,896	–	-0.04%	–
MAS	Exit	MASCO CORP	$0	–	-3,970	–	-0.05%	–
DOW	Exit	DOW INC	$0	–	-4,610	–	-0.05%	–
LSI	Exit	LIFE STORAGE INC	$0	–	-2,135	–	-0.05%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-5,817	–	-0.05%	–
XLV	Exit	SPDR HEALTH CARE SELECT SECTOR TR	$0	–	-2,160	–	-0.05%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-6,667	–	-0.05%	–
VEA	Exit	VANGUARD FTSE DEVELOPED MARKETS ETF	$0	–	-6,047	–	-0.05%	–
MET	Exit	METLIFE INC	$0	–	-6,672	–	-0.05%	–
CSWI	Exit	CSW INDUSTRIALS INC	$0	–	-3,312	–	-0.06%	–
USB	Exit	US BANCORP DEL NEW	$0	–	-7,117	–	-0.06%	–
IGM	Exit	ISHARES NORTH AMERICAN TECH	$0	–	-825	–	-0.06%	–
EEM	Exit	ISHARES TR MSCI EMERGING MKTS INDEX FD	$0	–	-6,417	–	-0.06%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-1,900	–	-0.06%	–
TD	Exit	TORONTO DOMINION BK	$0	–	-6,514	–	-0.06%	–
DD	Exit	DUPONT DE MEMOURS INC	$0	–	-5,443	–	-0.06%	–
SONO	Exit	SONOS INC	$0	–	-20,250	–	-0.07%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-7,185	–	-0.07%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-15,855	–	-0.07%	–
NEA	Exit	NUVEEN AMT FREE MUN INCOME FD	$0	–	-22,000	–	-0.07%	–
KHC	Exit	THE KRAFT HEINZ CO	$0	–	-10,781	–	-0.07%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-7,202	–	-0.07%	–
CI	Exit	CIGNA CORP	$0	–	-2,060	–	-0.08%	–
KO	Exit	COCA COLA COMPANY	$0	–	-7,655	–	-0.08%	–
BCPC	Exit	BALCHEM CORP	$0	–	-3,855	–	-0.08%	–
WMB	Exit	WILLIAMS COMPANIES	$0	–	-19,802	–	-0.08%	–
PSX	Exit	PHILLIPS 66	$0	–	-7,722	–	-0.09%	–
IFF	Exit	INTL FLAVOR & FRAGRANCES	$0	–	-3,390	–	-0.09%	–
AFSIM	Exit	AMTRUST FINANCIAL SERVICES INC	$0	–	-27,800	–	-0.09%	–
IYW	Exit	ISHARES US TECHNOLOGY ETF	$0	–	-1,397	–	-0.09%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-304	–	-0.10%	–
JFBC	Exit	JEFFERSONVILLE BANCORP	$0	–	-29,641	–	-0.10%	–
QCOM	Exit	QUALCOMM INC	$0	–	-3,930	–	-0.10%	–
IJR	Exit	ISHARES TR CORE S&P SMALL-CAP ETF	$0	–	-6,627	–	-0.10%	–
PPL	Exit	PPL CORPORATION	$0	–	-19,195	–	-0.11%	–
LEN	Exit	LENNAR CORP	$0	–	-6,873	–	-0.12%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-2,643	–	-0.12%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-3,509	–	-0.12%	–
CB	Exit	CHUBB LTD	$0	–	-5,230	–	-0.13%	–
CAT	Exit	CATERPILLAR INC	$0	–	-4,129	–	-0.13%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-3,245	–	-0.14%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-3,816	–	-0.14%	–
EFA	Exit	ISHARES TR MSCI EAFE ETF	$0	–	-10,325	–	-0.14%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-39,427	–	-0.15%	–
MTB	Exit	M & T BANK CORP	$0	–	-7,967	–	-0.16%	–
	Exit	3M COMPANY	$0	–	-4,721	–	-0.16%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-3,817	–	-0.16%	–
AMGN	Exit	AMGEN INC COM	$0	–	-3,045	–	-0.17%	–
KMX	Exit	CARMAX INC	$0	–	-8,471	–	-0.17%	–
NYF	Exit	ISHARES TR N Y MUNI BD ETF FD	$0	–	-13,800	–	-0.17%	–
OSK	Exit	OSHKOSH CORP	$0	–	-12,130	–	-0.19%	–
BK	Exit	THE BANK OF NY MELLON CORP	$0	–	-26,769	–	-0.20%	–
GLW	Exit	CORNING INC	$0	–	-28,562	–	-0.20%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-3,040	–	-0.21%	–
AZO	Exit	AUTOZONE INC	$0	–	-876	–	-0.22%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INC. COM	$0	–	-882	–	-0.24%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-18,152	–	-0.24%	–
	Exit	ABBVIE INC COM	$0	–	-13,516	–	-0.26%	–
CIEN	Exit	CIENA CORP	$0	–	-30,276	–	-0.26%	–
PNC	Exit	PNC FINANCIAL SERVICES	$0	–	-11,093	–	-0.26%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-18,989	–	-0.27%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-22,356	–	-0.28%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-9,575	–	-0.28%	–
NUV	Exit	NUVEEN MUNICIPAL VALUE FUND INC	$0	–	-124,386	–	-0.29%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-10,922	–	-0.29%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-41,161	–	-0.29%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-15,201	–	-0.30%	–
AES	Exit	AES CORP	$0	–	-79,017	–	-0.31%	–
FPL	Exit	NEXTERA ENERGY INC.	$0	–	-5,278	–	-0.32%	–
MCD	Exit	MCDONALDS CORP	$0	–	-6,908	–	-0.33%	–
TFC	Exit	TRUIST FINANCIAL CORP	$0	–	-41,091	–	-0.34%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-26,303	–	-0.34%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-15,303	–	-0.36%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-29,580	–	-0.37%	–
	Exit	INVESCO QQQ TR UNIT SER 1	$0	–	-6,355	–	-0.38%	–
BA	Exit	BOEING CO	$0	–	-10,830	–	-0.39%	–
T	Exit	AT & T INC	$0	–	-64,070	–	-0.39%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TR	$0	–	-5,530	–	-0.40%	–
MDLZ	Exit	MONDELEZ INTL INC CL A	$0	–	-32,857	–	-0.41%	–
SPIB	Exit	SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	$0	–	-51,700	–	-0.41%	–
OCFC	Exit	OCEANFIRST FINL CORP	$0	–	-140,000	–	-0.41%	–
SPSB	Exit	SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	$0	–	-61,651	–	-0.42%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-57,582	–	-0.43%	–
MS	Exit	MORGAN STANLEY	$0	–	-42,170	–	-0.44%	–
ENB	Exit	ENBRIDGE INC	$0	–	-72,984	–	-0.46%	–
CVX	Exit	CHEVRON CORP	$0	–	-29,656	–	-0.46%	–
PLD	Exit	PROLOGICS INC.	$0	–	-24,069	–	-0.52%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-7,099	–	-0.54%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-43,050	–	-0.55%	–
PKI	Exit	PERKINELMER INC	$0	–	-20,791	–	-0.56%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-32,426	–	-0.60%	–
XLNX	Exit	XILINX INC	$0	–	-28,145	–	-0.63%	–
RMD	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-25,780	–	-0.64%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-7,872	–	-0.65%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-13,344	–	-0.72%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-24,372	–	-0.73%	–
STL	Exit	STERLING BANCORP DEL COM	$0	–	-329,066	–	-0.75%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-26,239	–	-0.79%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-41,953	–	-0.80%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-97,543	–	-0.83%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-27,804	–	-0.84%	–
CSX	Exit	C S X CORP	$0	–	-50,044	–	-0.84%	–
INTC	Exit	INTEL CORP	$0	–	-78,609	–	-0.88%	–
MRK	Exit	MERCK & CO INC	$0	–	-50,815	–	-0.91%	–
HON	Exit	HONEYWELL INTERNATIONAL	$0	–	-25,693	–	-0.91%	–
EL	Exit	ESTEE LAUDER COMPANIES INC CL A	$0	–	-20,799	–	-0.98%	–
DG	Exit	DOLLAR GENERAL CORPORATION	$0	–	-22,199	–	-1.00%	–
BAC	Exit	BANKAMERICA CORP	$0	–	-201,616	–	-1.05%	–
ILMN	Exit	ILLUMINA INC	$0	–	-16,393	–	-1.09%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-35,045	–	-1.12%	–
PFF	Exit	ISHARES TR S&P US PFD STK INDE	$0	–	-144,713	–	-1.14%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-144,031	–	-1.14%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-117,608	–	-1.17%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-7,804	–	-1.17%	–
DIS	Exit	DISNEY WALT CO	$0	–	-44,095	–	-1.18%	–
MMC	Exit	MARSH & MCLENNAN CO INC	$0	–	-48,255	–	-1.19%	–
AVGO	Exit	BROADCOM LTD	$0	–	-15,756	–	-1.24%	–
AMT	Exit	AMERN TOWER CORP CLASS A	$0	–	-24,458	–	-1.27%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-47,481	–	-1.28%	–
V	Exit	VISA INC	$0	–	-31,309	–	-1.35%	–
SPY	Exit	SPDR S&P 500 ETF TR	$0	–	-19,969	–	-1.44%	–
DHR	Exit	DANAHER CORP	$0	–	-33,398	–	-1.55%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-23,573	–	-1.58%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-128,212	–	-1.64%	–
NVDA	Exit	NVIDIA CORP	$0	–	-14,418	–	-1.68%	–
CRM	Exit	SALESFORCE COM	$0	–	-32,247	–	-1.75%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-59,897	–	-1.79%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-88,754	–	-1.84%	–
LLY	Exit	ELI LILLY & COMPANY	$0	–	-59,883	–	-1.91%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-6,276	–	-1.99%	–
FB	Exit	FACEBOOK INC CL A	$0	–	-36,931	–	-2.08%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,375	–	-2.29%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-129,429	–	-2.90%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-29,903	–	-3.16%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC.	$0	–	-33,709	–	-3.21%	–
OCBI	Exit	ORANGE CNTY BANCORP INC	$0	–	-637,031	–	-3.26%	–
HD	Exit	THE HOME DEPOT INC	$0	–	-59,610	–	-3.57%	–
AAPL	Exit	APPLE, INC.	$0	–	-167,897	–	-4.19%	–
ISRG	Exit	INTUITIVE SURGICAL INC NEW	$0	–	-29,415	–	-4.50%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-130,524	–	-5.92%	–

Q3 2020

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$27,453,000	+3.0%	130,524	-0.4%	5.92%	-4.6%
ISRG	Sell	INTUITIVE SURGICAL INC NEW	$20,871,000	+24.4%	29,415	-0.1%	4.50%	+15.3%
AAPL	Buy	APPLE, INC.	$19,444,000	+25.4%	167,897	+294.9%	4.19%	+16.2%
HD	Sell	THE HOME DEPOT INC	$16,554,000	+9.7%	59,610	-1.0%	3.57%	+1.7%
OCBI	Sell	ORANGE CNTY BANCORP INC	$15,129,000	-1.5%	637,031	-1.5%	3.26%	-8.8%
TMO	Sell	THERMO FISHER SCIENTIFIC INC.	$14,883,000	+18.8%	33,709	-2.5%	3.21%	+10.1%
ADBE	Sell	ADOBE SYSTEMS INC	$14,665,000	+12.2%	29,903	-0.4%	3.16%	+4.0%
MDT	Sell	MEDTRONIC PLC	$13,450,000	+13.3%	129,429	-0.0%	2.90%	+5.0%
AMZN	Buy	AMAZON COM INC	$10,627,000	+17.9%	3,375	+3.3%	2.29%	+9.3%
FB	Buy	FACEBOOK INC CL A	$9,672,000	+16.8%	36,931	+1.2%	2.08%	+8.2%
GOOG	Buy	ALPHABET INC CLASS C	$9,223,000	+6.6%	6,276	+2.6%	1.99%	-1.2%
LLY	Buy	ELI LILLY & COMPANY	$8,864,000	-9.7%	59,883	+0.2%	1.91%	-16.3%
JPM	Sell	JP MORGAN CHASE & CO	$8,544,000	+1.1%	88,754	-1.2%	1.84%	-6.3%
PEP	Sell	PEPSICO INCORPORATED	$8,302,000	+3.8%	59,897	-1.0%	1.79%	-3.8%
CRM	Buy	SALESFORCE COM	$8,104,000	+35.9%	32,247	+1.3%	1.75%	+26.0%
NVDA	Buy	NVIDIA CORP	$7,803,000	+42.9%	14,418	+0.3%	1.68%	+32.5%
VZ	Sell	VERIZON COMMUNICATIONS	$7,627,000	+7.3%	128,212	-0.5%	1.64%	-0.5%
UNH	Buy	UNITED HEALTHCARE CORP	$7,349,000	+5.8%	23,573	+0.1%	1.58%	-1.9%
DHR	Buy	DANAHER CORP	$7,192,000	+23.7%	33,398	+1.6%	1.55%	+14.7%
SPY	Sell	SPDR S&P 500 ETF TR	$6,687,000	+4.2%	19,969	-4.1%	1.44%	-3.5%
V	Buy	VISA INC	$6,261,000	+3.9%	31,309	+0.4%	1.35%	-3.7%
NKE	Buy	NIKE INC CLASS B	$5,961,000	+28.6%	47,481	+0.4%	1.28%	+19.1%
AMT	Buy	AMERN TOWER CORP CLASS A	$5,912,000	-6.2%	24,458	+0.3%	1.27%	-13.0%
AVGO	Sell	BROADCOM LTD	$5,740,000	+10.0%	15,756	-4.7%	1.24%	+2.0%
MMC	Buy	MARSH & MCLENNAN CO INC	$5,535,000	+7.8%	48,255	+0.9%	1.19%	-0.1%
DIS	Sell	DISNEY WALT CO	$5,471,000	+10.7%	44,095	-0.5%	1.18%	+2.6%
CMCSA	Sell	COMCAST CORP NEW CL A	$5,441,000	+17.4%	117,608	-1.1%	1.17%	+8.7%
PFE	Buy	PFIZER INCORPORATED	$5,286,000	+12.3%	144,031	+0.0%	1.14%	+4.0%
PFF	Buy	ISHARES TR S&P US PFD STK INDE	$5,275,000	+9.1%	144,713	+3.7%	1.14%	+1.2%
JNJ	Sell	JOHNSON & JOHNSON	$5,217,000	+0.3%	35,045	-5.3%	1.12%	-7.1%
ILMN	Buy	ILLUMINA INC	$5,067,000	-11.4%	16,393	+6.2%	1.09%	-17.8%
BAC	Buy	BANKAMERICA CORP	$4,857,000	+2.7%	201,616	+1.2%	1.05%	-4.8%
DG	Buy	DOLLAR GENERAL CORPORATION	$4,653,000	+11.5%	22,199	+1.4%	1.00%	+3.4%
EL	Sell	ESTEE LAUDER COMPANIES INC CL A	$4,539,000	+14.8%	20,799	-0.8%	0.98%	+6.3%
HON	Sell	HONEYWELL INTERNATIONAL	$4,229,000	+13.7%	25,693	-0.1%	0.91%	+5.3%
MRK	Buy	MERCK & CO INC	$4,215,000	+8.3%	50,815	+1.0%	0.91%	+0.3%
INTC	Sell	INTEL CORP	$4,070,000	-19.2%	78,609	-6.7%	0.88%	-25.2%
CSX	Buy	C S X CORP	$3,887,000	+16.4%	50,044	+4.5%	0.84%	+8.0%
WMT	Sell	WAL-MART STORES INC	$3,890,000	+15.9%	27,804	-0.7%	0.84%	+7.4%
CSCO	Sell	CISCO SYSTEMS INC	$3,842,000	-18.8%	97,543	-3.9%	0.83%	-24.8%
DUK	Sell	DUKE ENERGY CORPORATION	$3,715,000	-1.5%	41,953	-11.2%	0.80%	-8.7%
PG	Sell	PROCTER & GAMBLE CO	$3,647,000	+9.4%	26,239	-5.9%	0.79%	+1.4%
STL	Buy	STERLING BANCORP DEL COM	$3,462,000	-10.2%	329,066	+0.1%	0.75%	-16.7%
ADP	Sell	AUTO DATA PROCESSING	$3,400,000	-6.5%	24,372	-0.2%	0.73%	-13.3%
FDX	Buy	FEDEX CORPORATION	$3,356,000	+137.3%	13,344	+32.4%	0.72%	+119.8%
LMT	Buy	LOCKHEED MARTIN CORP	$3,017,000	+26.8%	7,872	+20.8%	0.65%	+17.5%
RMD	Sell	ROYAL CARIBBEAN CRUISES LTD	$2,963,000	-2.7%	25,780	-2.3%	0.64%	-9.9%
XLNX	Buy	XILINX INC	$2,934,000	+6.7%	28,145	+0.7%	0.63%	-1.2%
SBUX	Sell	STARBUCKS CORP	$2,786,000	+16.1%	32,426	-0.6%	0.60%	+7.5%
PKI	Buy	PERKINELMER INC	$2,609,000	+30.3%	20,791	+1.8%	0.56%	+20.6%
ORCL	Sell	ORACLE CORPORATION	$2,570,000	+2.0%	43,050	-5.6%	0.55%	-5.5%
COST	Sell	COSTCO WHSL CORP NEW	$2,520,000	+12.9%	7,099	-3.6%	0.54%	+4.6%
PLD	Buy	PROLOGICS INC.	$2,422,000	+9.2%	24,069	+1.3%	0.52%	+1.4%
CVX	Sell	CHEVRON CORP	$2,135,000	-19.6%	29,656	-0.3%	0.46%	-25.4%
ENB	Sell	ENBRIDGE INC	$2,131,000	-5.5%	72,984	-1.5%	0.46%	-12.4%
MS	Buy	MORGAN STANLEY	$2,039,000	+14.1%	42,170	+14.0%	0.44%	+5.5%
XOM	Sell	EXXON MOBIL CORPORATION	$1,977,000	-30.3%	57,582	-9.2%	0.43%	-35.4%
SPSB	Buy	SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	$1,934,000	+9.8%	61,651	+9.7%	0.42%	+1.7%
SPIB	Buy	SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	$1,900,000	+7.5%	51,700	+6.8%	0.41%	-0.5%
MDLZ	Sell	MONDELEZ INTL INC CL A	$1,888,000	+12.2%	32,857	-0.1%	0.41%	+4.1%
MDY	Sell	SPDR S&P MIDCAP 400 ETF TR	$1,874,000	-2.5%	5,530	-6.7%	0.40%	-9.6%
T	Sell	AT & T INC	$1,827,000	-8.1%	64,070	-2.6%	0.39%	-14.7%
BA	Sell	BOEING CO	$1,790,000	-16.2%	10,830	-7.1%	0.39%	-22.3%
	New	INVESCO QQQ TR UNIT SER 1	$1,766,000	–	6,355	–	0.38%	–
RTN	Sell	RAYTHEON COMPANY NEW	$1,702,000	-10.2%	29,580	-3.9%	0.37%	-16.8%
ABT	Sell	ABBOTT LABORATORIES	$1,665,000	+6.2%	15,303	-10.8%	0.36%	-1.6%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,586,000	-0.8%	26,303	-3.3%	0.34%	-8.1%
TFC	Sell	TRUIST FINANCIAL CORP	$1,564,000	-9.0%	41,091	-10.2%	0.34%	-15.8%
MCD	Sell	MCDONALDS CORP	$1,516,000	+18.6%	6,908	-0.3%	0.33%	+10.1%
FPL	Buy	NEXTERA ENERGY INC.	$1,465,000	+53.6%	5,278	+32.9%	0.32%	+42.3%
AES	Buy	AES CORP	$1,431,000	+26.5%	79,017	+1.2%	0.31%	+17.1%
LECO	Buy	LINCOLN ELEC HLDGS INC	$1,399,000	+9.8%	15,201	+0.5%	0.30%	+1.7%
COP	Sell	CONOCOPHILLIPS	$1,352,000	-24.5%	41,161	-3.4%	0.29%	-30.0%
NUV	Buy	NUVEEN MUNICIPAL VALUE FUND INC	$1,326,000	+12.0%	124,386	+7.1%	0.29%	+4.0%
IBM	Sell	INTL BUSINESS MACHINES	$1,329,000	-1.8%	10,922	-2.5%	0.29%	-9.2%
CTXS	Sell	CITRIX SYSTEMS INC	$1,319,000	-9.2%	9,575	-2.5%	0.28%	-16.0%
CVS	Sell	CVS HEALTH CORP	$1,306,000	-12.3%	22,356	-2.5%	0.28%	-18.8%
EMR	Sell	EMERSON ELECTRIC CO	$1,245,000	+0.3%	18,989	-5.1%	0.27%	-7.3%
PNC	Sell	PNC FINANCIAL SERVICES	$1,219,000	+4.0%	11,093	-0.4%	0.26%	-3.7%
CIEN	Buy	CIENA CORP	$1,202,000	+80.2%	30,276	+145.8%	0.26%	+67.1%
	Sell	ABBVIE INC COM	$1,184,000	-20.7%	13,516	-11.1%	0.26%	-26.5%
SYY	Sell	SYSCO CORPORATION	$1,129,000	+5.1%	18,152	-7.6%	0.24%	-2.8%
CMG	Buy	CHIPOTLE MEXICAN GRILL INC. COM	$1,097,000	+35.9%	882	+15.0%	0.24%	+25.5%
AZO	Buy	AUTOZONE INC	$1,032,000	+6.3%	876	+1.7%	0.22%	-1.8%
GLW	Sell	CORNING INC	$926,000	+19.8%	28,562	-4.4%	0.20%	+11.1%
BK	Sell	THE BANK OF NY MELLON CORP	$919,000	-13.4%	26,769	-2.5%	0.20%	-19.8%
OSK	Buy	OSHKOSH CORP	$892,000	+11.5%	12,130	+8.5%	0.19%	+3.2%
NYF	Sell	ISHARES TR N Y MUNI BD ETF FD	$793,000	-2.9%	13,800	-2.8%	0.17%	-10.0%
KMX	Buy	CARMAX INC	$779,000	+5.0%	8,471	+2.2%	0.17%	-2.9%
AMGN	Sell	AMGEN INC COM	$774,000	+0.4%	3,045	-6.8%	0.17%	-6.7%
GS	Sell	GOLDMAN SACHS GROUP INC	$767,000	-9.6%	3,817	-11.1%	0.16%	-16.2%
	Sell	3M COMPANY	$756,000	-2.2%	4,721	-4.7%	0.16%	-9.4%
MTB	Sell	M & T BANK CORP	$734,000	-15.6%	7,967	-4.8%	0.16%	-21.8%
COG	Buy	CABOT OIL & GAS CORP	$684,000	+3.5%	39,427	+2.5%	0.15%	-4.5%
EFA	Buy	ISHARES TR MSCI EAFE ETF	$657,000	+5.1%	10,325	+0.5%	0.14%	-2.1%
CAT	Sell	CATERPILLAR INC	$616,000	+17.3%	4,129	-0.6%	0.13%	+9.0%
CB	Sell	CHUBB LTD	$607,000	-14.5%	5,230	-6.7%	0.13%	-20.6%
LOW	Buy	LOWES COMPANIES INC	$582,000	+23.8%	3,509	+1.0%	0.12%	+14.7%
LEN	Buy	LENNAR CORP	$561,000	+32.6%	6,873	+0.1%	0.12%	+23.5%
PPL	Buy	PPL CORPORATION	$522,000	+6.5%	19,195	+1.3%	0.11%	-1.8%
IJR	Sell	ISHARES TR CORE S&P SMALL-CAP ETF	$465,000	-5.1%	6,627	-7.7%	0.10%	-12.3%
GOOGL	Sell	ALPHABET INC CLASS A	$446,000	+2.1%	304	-1.3%	0.10%	-5.9%
IYW	Sell	ISHARES US TECHNOLOGY ETF	$421,000	-6.2%	1,397	-16.1%	0.09%	-12.5%
AFSIM	New	AMTRUST FINANCIAL SERVICES INC	$417,000	–	27,800	–	0.09%	–
IFF	Sell	INTL FLAVOR & FRAGRANCES	$415,000	-4.4%	3,390	-4.2%	0.09%	-11.9%
PSX	Sell	PHILLIPS 66	$400,000	-29.0%	7,722	-1.3%	0.09%	-34.4%
WMB	Sell	WILLIAMS COMPANIES	$389,000	-1.3%	19,802	-4.4%	0.08%	-8.7%
KO	Sell	COCA COLA COMPANY	$378,000	+3.6%	7,655	-6.4%	0.08%	-4.7%
CI	Sell	CIGNA CORP	$349,000	-16.3%	2,060	-7.2%	0.08%	-22.7%
CAH	Sell	CARDINAL HEALTH INC	$338,000	-12.0%	7,202	-2.2%	0.07%	-18.0%
KHC	Sell	THE KRAFT HEINZ CO	$323,000	-8.0%	10,781	-2.2%	0.07%	-14.6%
VLO	Sell	VALERO ENERGY CORP	$311,000	-27.0%	7,185	-0.7%	0.07%	-32.3%
SONO	Sell	SONOS INC	$307,000	-9.7%	20,250	-12.9%	0.07%	-16.5%
DD	Sell	DUPONT DE MEMOURS INC	$302,000	+2.0%	5,443	-2.3%	0.06%	-5.8%
EEM	Buy	ISHARES TR MSCI EMERGING MKTS INDEX FD	$283,000	+10.5%	6,417	+0.0%	0.06%	+1.7%
IGM	Sell	ISHARES NORTH AMERICAN TECH	$255,000	+7.6%	825	-2.9%	0.06%	0.0%
MET	Sell	METLIFE INC	$248,000	-1.2%	6,672	-2.9%	0.05%	-8.6%
VEA	New	VANGUARD FTSE DEVELOPED MARKETS ETF	$247,000	–	6,047	–	0.05%	–
MO	Sell	ALTRIA GROUP INC	$225,000	-4.7%	5,817	-3.0%	0.05%	-12.7%
DOW	New	DOW INC	$217,000	–	4,610	–	0.05%	–
MAS	Sell	MASCO CORP	$219,000	+2.3%	3,970	-7.0%	0.05%	-6.0%
LYB	Sell	LYONDELLBASELL INDUSTRIES NV	$203,000	+1.0%	2,876	-5.7%	0.04%	-6.4%
ALB	New	ALBEMARLE CORP	$201,000	–	2,250	–	0.04%	–
RDSA	Sell	ROYAL DUTCH SHELL SPON ADR	$201,000	-23.9%	7,980	-1.2%	0.04%	-29.5%
	Sell	GENERAL ELECTRIC COMPANY	$192,000	-19.7%	30,783	-12.2%	0.04%	-26.8%
HAL	Sell	HALLIBURTON COMPANY	$191,000	-11.2%	15,850	-4.4%	0.04%	-18.0%
BERK	Buy	BERKSHIRE BANCORP INC DEL COM	$113,000	+8.7%	13,048	+6.1%	0.02%	0.0%
AHT	Exit	ASHFORD HOSPITALITY TR INC	$0	–	-20,000	–	-0.00%	–
WDDD	Exit	WOLDS INC	$0	–	-153,350	–	-0.01%	–
BKCC	Exit	BLACKROCK CAPITAL INVESTMENT C	$0	–	-21,500	–	-0.01%	–
TWO	Exit	TWO HBRS INVT CORP COM	$0	–	-12,350	–	-0.01%	–
ECC	Exit	EAGLE POINT CREDIT CO	$0	–	-10,500	–	-0.02%	–
NRZ	Exit	NEW RESIDENTIAL INVT	$0	–	-11,300	–	-0.02%	–
AINV	Exit	APOLLO INVT CORP COM	$0	–	-11,000	–	-0.02%	–
NLY	Exit	ANNALY MTG MANAGEMENT	$0	–	-18,700	–	-0.03%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-7,849	–	-0.05%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-2,896	–	-0.05%	–
BLL	Exit	BALL CORP	$0	–	-3,500	–	-0.06%	–
SUN	Exit	SUNOCO LP COM	$0	–	-11,000	–	-0.06%	–
ATRI	Exit	ATRION CORP	$0	–	-500	–	-0.07%	–
QQQ	Exit	INVESCO QQQ TR UNIT SER 1	$0	–	-6,194	–	-0.36%	–

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$26,663,000	–	131,017	–	6.20%	–
ISRG	New	INTUITIVE SURGICAL INC NEW	$16,772,000	–	29,434	–	3.90%	–
AAPL	New	APPLE, INC.	$15,511,000	–	42,519	–	3.61%	–
OCBI	New	ORANGE CNTY BANCORP INC	$15,367,000	–	647,031	–	3.57%	–
HD	New	THE HOME DEPOT INC	$15,087,000	–	60,224	–	3.51%	–
ADBE	New	ADOBE SYSTEMS INC	$13,065,000	–	30,013	–	3.04%	–
TMO	New	THERMO FISHER SCIENTIFIC INC.	$12,533,000	–	34,589	–	2.91%	–
MDT	New	MEDTRONIC PLC	$11,870,000	–	129,441	–	2.76%	–
LLY	New	ELI LILLY & COMPANY	$9,812,000	–	59,763	–	2.28%	–
AMZN	New	AMAZON COM INC	$9,010,000	–	3,266	–	2.10%	–
GOOG	New	ALPHABET INC CLASS C	$8,650,000	–	6,119	–	2.01%	–
JPM	New	JP MORGAN CHASE & CO	$8,451,000	–	89,843	–	1.96%	–
FB	New	FACEBOOK INC CL A	$8,283,000	–	36,479	–	1.93%	–
PEP	New	PEPSICO INCORPORATED	$8,000,000	–	60,485	–	1.86%	–
VZ	New	VERIZON COMMUNICATIONS	$7,105,000	–	128,879	–	1.65%	–
UNH	New	UNITED HEALTHCARE CORP	$6,943,000	–	23,539	–	1.61%	–
SPY	New	SPDR S&P 500 ETF TR	$6,419,000	–	20,817	–	1.49%	–
AMT	New	AMERN TOWER CORP CLASS A	$6,301,000	–	24,373	–	1.46%	–
V	New	VISA INC	$6,027,000	–	31,199	–	1.40%	–
CRM	New	SALESFORCE COM	$5,962,000	–	31,828	–	1.39%	–
DHR	New	DANAHER CORP	$5,812,000	–	32,865	–	1.35%	–
ILMN	New	ILLUMINA INC	$5,717,000	–	15,436	–	1.33%	–
NVDA	New	NVIDIA CORP	$5,459,000	–	14,370	–	1.27%	–
AVGO	New	BROADCOM LTD	$5,218,000	–	16,532	–	1.21%	–
JNJ	New	JOHNSON & JOHNSON	$5,203,000	–	36,996	–	1.21%	–
MMC	New	MARSH & MCLENNAN CO INC	$5,136,000	–	47,838	–	1.19%	–
INTC	New	INTEL CORP	$5,039,000	–	84,226	–	1.17%	–
DIS	New	DISNEY WALT CO	$4,943,000	–	44,328	–	1.15%	–
PFF	New	ISHARES TR S&P US PFD STK INDE	$4,835,000	–	139,582	–	1.12%	–
CSCO	New	CISCO SYSTEMS INC	$4,734,000	–	101,490	–	1.10%	–
BAC	New	BANKAMERICA CORP	$4,730,000	–	199,157	–	1.10%	–
PFE	New	PFIZER INCORPORATED	$4,709,000	–	144,000	–	1.10%	–
NKE	New	NIKE INC CLASS B	$4,636,000	–	47,280	–	1.08%	–
CMCSA	New	COMCAST CORP NEW CL A	$4,634,000	–	118,877	–	1.08%	–
SHW	New	SHERWIN WILLIAMS CO	$4,510,000	–	7,804	–	1.05%	–
DG	New	DOLLAR GENERAL CORPORATION	$4,172,000	–	21,901	–	0.97%	–
EL	New	ESTEE LAUDER COMPANIES INC CL A	$3,955,000	–	20,962	–	0.92%	–
MRK	New	MERCK & CO INC	$3,891,000	–	50,318	–	0.90%	–
STL	New	STERLING BANCORP DEL COM	$3,854,000	–	328,866	–	0.90%	–
DUK	New	DUKE ENERGY CORPORATION	$3,772,000	–	47,220	–	0.88%	–
HON	New	HONEYWELL INTERNATIONAL	$3,720,000	–	25,729	–	0.86%	–
ADP	New	AUTO DATA PROCESSING	$3,635,000	–	24,417	–	0.84%	–
WMT	New	WAL-MART STORES INC	$3,355,000	–	28,013	–	0.78%	–
CSX	New	C S X CORP	$3,339,000	–	47,874	–	0.78%	–
PG	New	PROCTER & GAMBLE CO	$3,335,000	–	27,893	–	0.78%	–
RMD	New	ROYAL CARIBBEAN CRUISES LTD	$3,045,000	–	26,388	–	0.71%	–
XOM	New	EXXON MOBIL CORPORATION	$2,836,000	–	63,422	–	0.66%	–
XLNX	New	XILINX INC	$2,751,000	–	27,960	–	0.64%	–
CVX	New	CHEVRON CORP	$2,655,000	–	29,757	–	0.62%	–
ORCL	New	ORACLE CORPORATION	$2,519,000	–	45,580	–	0.59%	–
OCFC	New	OCEANFIRST FINL CORP	$2,468,000	–	140,000	–	0.57%	–
SBUX	New	STARBUCKS CORP	$2,400,000	–	32,611	–	0.56%	–
LMT	New	LOCKHEED MARTIN CORP	$2,379,000	–	6,519	–	0.55%	–
ENB	New	ENBRIDGE INC	$2,255,000	–	74,124	–	0.52%	–
COST	New	COSTCO WHSL CORP NEW	$2,232,000	–	7,361	–	0.52%	–
PLD	New	PROLOGICS INC.	$2,217,000	–	23,752	–	0.52%	–
BA	New	BOEING CO	$2,137,000	–	11,656	–	0.50%	–
PKI	New	PERKINELMER INC	$2,003,000	–	20,419	–	0.47%	–
T	New	AT & T INC	$1,989,000	–	65,799	–	0.46%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TR	$1,923,000	–	5,927	–	0.45%	–
RTN	New	RAYTHEON COMPANY NEW	$1,896,000	–	30,777	–	0.44%	–
MS	New	MORGAN STANLEY	$1,787,000	–	37,005	–	0.42%	–
COP	New	CONOCOPHILLIPS	$1,791,000	–	42,630	–	0.42%	–
SPIB	New	SPDR SER TR BLOOMBERG BARCLAYS INTER TERM CORP BD ETF	$1,768,000	–	48,399	–	0.41%	–
SPSB	New	SPDR PORTFOLIO SHORT TERM CORPORATE BD ETF	$1,762,000	–	56,221	–	0.41%	–
TFC	New	TRUIST FINANCIAL CORP	$1,719,000	–	45,770	–	0.40%	–
MDLZ	New	MONDELEZ INTL INC CL A	$1,682,000	–	32,904	–	0.39%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,599,000	–	27,193	–	0.37%	–
ABT	New	ABBOTT LABORATORIES	$1,568,000	–	17,148	–	0.36%	–
QQQ	New	INVESCO QQQ TR UNIT SER 1	$1,534,000	–	6,194	–	0.36%	–
	New	ABBVIE INC COM	$1,494,000	–	15,212	–	0.35%	–
CVS	New	CVS HEALTH CORP	$1,490,000	–	22,926	–	0.35%	–
CTXS	New	CITRIX SYSTEMS INC	$1,453,000	–	9,825	–	0.34%	–
FDX	New	FEDEX CORPORATION	$1,414,000	–	10,081	–	0.33%	–
IBM	New	INTL BUSINESS MACHINES	$1,353,000	–	11,202	–	0.32%	–
MCD	New	MCDONALDS CORP	$1,278,000	–	6,926	–	0.30%	–
LECO	New	LINCOLN ELEC HLDGS INC	$1,274,000	–	15,124	–	0.30%	–
EMR	New	EMERSON ELECTRIC CO	$1,241,000	–	20,008	–	0.29%	–
NUV	New	NUVEEN MUNICIPAL VALUE FUND INC	$1,184,000	–	116,118	–	0.28%	–
PNC	New	PNC FINANCIAL SERVICES	$1,172,000	–	11,143	–	0.27%	–
AES	New	AES CORP	$1,131,000	–	78,058	–	0.26%	–
SYY	New	SYSCO CORPORATION	$1,074,000	–	19,652	–	0.25%	–
BK	New	THE BANK OF NY MELLON CORP	$1,061,000	–	27,447	–	0.25%	–
AZO	New	AUTOZONE INC	$971,000	–	861	–	0.23%	–
FPL	New	NEXTERA ENERGY INC.	$954,000	–	3,972	–	0.22%	–
NOC	New	NORTHROP GRUMMAN CORP	$935,000	–	3,040	–	0.22%	–
MTB	New	M & T BANK CORP	$870,000	–	8,367	–	0.20%	–
GS	New	GOLDMAN SACHS GROUP INC	$848,000	–	4,292	–	0.20%	–
NYF	New	ISHARES TR N Y MUNI BD ETF FD	$817,000	–	14,200	–	0.19%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC. COM	$807,000	–	767	–	0.19%	–
OSK	New	OSHKOSH CORP	$800,000	–	11,175	–	0.19%	–
	New	3M COMPANY	$773,000	–	4,954	–	0.18%	–
GLW	New	CORNING INC	$773,000	–	29,862	–	0.18%	–
AMGN	New	AMGEN INC COM	$771,000	–	3,268	–	0.18%	–
KMX	New	CARMAX INC	$742,000	–	8,291	–	0.17%	–
CB	New	CHUBB LTD	$710,000	–	5,606	–	0.16%	–
CIEN	New	CIENA CORP	$667,000	–	12,315	–	0.16%	–
COG	New	CABOT OIL & GAS CORP	$661,000	–	38,457	–	0.15%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$647,000	–	3,816	–	0.15%	–
EFA	New	ISHARES TR MSCI EAFE ETF	$625,000	–	10,275	–	0.14%	–
ITW	New	ILLINOIS TOOL WORKS INC	$567,000	–	3,245	–	0.13%	–
PSX	New	PHILLIPS 66	$563,000	–	7,826	–	0.13%	–
CAT	New	CATERPILLAR INC	$525,000	–	4,154	–	0.12%	–
IJR	New	ISHARES TR CORE S&P SMALL-CAP ETF	$490,000	–	7,176	–	0.11%	–
PPL	New	PPL CORPORATION	$490,000	–	18,945	–	0.11%	–
LOW	New	LOWES COMPANIES INC	$470,000	–	3,475	–	0.11%	–
NSC	New	NORFOLK SOUTHERN CORP	$464,000	–	2,643	–	0.11%	–
IYW	New	ISHARES US TECHNOLOGY ETF	$449,000	–	1,665	–	0.10%	–
JFBC	New	JEFFERSONVILLE BANCORP	$445,000	–	29,641	–	0.10%	–
GOOGL	New	ALPHABET INC CLASS A	$437,000	–	308	–	0.10%	–
IFF	New	INTL FLAVOR & FRAGRANCES	$434,000	–	3,540	–	0.10%	–
VLO	New	VALERO ENERGY CORP	$426,000	–	7,235	–	0.10%	–
LEN	New	LENNAR CORP	$423,000	–	6,866	–	0.10%	–
CI	New	CIGNA CORP	$417,000	–	2,220	–	0.10%	–
WMB	New	WILLIAMS COMPANIES	$394,000	–	20,719	–	0.09%	–
CAH	New	CARDINAL HEALTH INC	$384,000	–	7,365	–	0.09%	–
BCPC	New	BALCHEM CORP	$366,000	–	3,855	–	0.08%	–
KO	New	COCA COLA COMPANY	$365,000	–	8,180	–	0.08%	–
QCOM	New	QUALCOMM INC	$358,000	–	3,930	–	0.08%	–
KHC	New	THE KRAFT HEINZ CO	$351,000	–	11,020	–	0.08%	–
SONO	New	SONOS INC	$340,000	–	23,250	–	0.08%	–
CMC	New	COMMERCIAL METALS CO	$323,000	–	15,855	–	0.08%	–
ATRI	New	ATRION CORP	$319,000	–	500	–	0.07%	–
NEA	New	NUVEEN AMT FREE MUN INCOME FD	$306,000	–	22,000	–	0.07%	–
DD	New	DUPONT DE MEMOURS INC	$296,000	–	5,572	–	0.07%	–
TD	New	TORONTO DOMINION BK	$291,000	–	6,514	–	0.07%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$283,000	–	6,667	–	0.07%	–
BP	New	BP PLC ADR	$277,000	–	11,896	–	0.06%	–
KMB	New	KIMBERLY-CLARK CORP	$269,000	–	1,900	–	0.06%	–
RDSA	New	ROYAL DUTCH SHELL SPON ADR	$264,000	–	8,080	–	0.06%	–
USB	New	US BANCORP DEL NEW	$262,000	–	7,117	–	0.06%	–
EEM	New	ISHARES TR MSCI EMERGING MKTS INDEX FD	$256,000	–	6,414	–	0.06%	–
SUN	New	SUNOCO LP COM	$251,000	–	11,000	–	0.06%	–
MET	New	METLIFE INC	$251,000	–	6,872	–	0.06%	–
BLL	New	BALL CORP	$243,000	–	3,500	–	0.06%	–
	New	GENERAL ELECTRIC COMPANY	$239,000	–	35,058	–	0.06%	–
MO	New	ALTRIA GROUP INC	$236,000	–	6,000	–	0.06%	–
IGM	New	ISHARES NORTH AMERICAN TECH	$237,000	–	850	–	0.06%	–
GSK	New	GLAXOSMITHKLINE PLC ADR	$228,000	–	5,583	–	0.05%	–
CSWI	New	CSW INDUSTRIALS INC	$229,000	–	3,312	–	0.05%	–
HAL	New	HALLIBURTON COMPANY	$215,000	–	16,580	–	0.05%	–
XLV	New	SPDR HEALTH CARE SELECT SECTOR TR	$216,000	–	2,160	–	0.05%	–
MAS	New	MASCO CORP	$214,000	–	4,270	–	0.05%	–
ED	New	CONSOLIDATED EDISON INC	$208,000	–	2,896	–	0.05%	–
LSI	New	LIFE STORAGE INC	$203,000	–	2,135	–	0.05%	–
LYB	New	LYONDELLBASELL INDUSTRIES NV	$201,000	–	3,051	–	0.05%	–
WFC	New	WELLS FARGO & CO NEW	$201,000	–	7,849	–	0.05%	–
NVG	New	NUVEEN MUNICIPAL CREDIT INCOME FD	$160,000	–	10,500	–	0.04%	–
NZF	New	NUVEEN MUNICIPAL CR INCOME FD	$155,000	–	10,500	–	0.04%	–
NMZ	New	NUVEEN MUN HIGH INCOME OPP FD	$152,000	–	11,500	–	0.04%	–
NLY	New	ANNALY MTG MANAGEMENT	$123,000	–	18,700	–	0.03%	–
MEN	New	BLACKROCK MUNIENHANCED FD INC	$125,000	–	11,400	–	0.03%	–
BERK	New	BERKSHIRE BANCORP INC DEL COM	$104,000	–	12,298	–	0.02%	–
AINV	New	APOLLO INVT CORP COM	$105,000	–	11,000	–	0.02%	–
NRZ	New	NEW RESIDENTIAL INVT	$84,000	–	11,300	–	0.02%	–
ECC	New	EAGLE POINT CREDIT CO	$75,000	–	10,500	–	0.02%	–
ATHX	New	ATHERSYS INC	$62,000	–	22,500	–	0.01%	–
TWO	New	TWO HBRS INVT CORP COM	$62,000	–	12,350	–	0.01%	–
BKCC	New	BLACKROCK CAPITAL INVESTMENT C	$57,000	–	21,500	–	0.01%	–
WDDD	New	WOLDS INC	$35,000	–	153,350	–	0.01%	–
AHT	New	ASHFORD HOSPITALITY TR INC	$14,000	–	20,000	–	0.00%	–
CECBF	New	Cellcube Energy Storage Sys Inc Com	$0	–	15,000	–	0.00%	–
ASPR	New	ADSOUTH PARTNERS INC (NV)	$0	–	10,001	–	0.00%	–
WMNS	New	WESTMONT RES INC	$0	–	30,000	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
WMNS	Exit	WESTMONT RESOURCES INC	$0	–	-30,000	–	0.00%	–
ASPR	Exit	ADSOUTH PARTNERS INC (NV)	$0	–	-10,001	–	0.00%	–
AIMG	Exit	AIMGLOBAL TECHNOLOGIES INC	$0	–	-20,000	–	0.00%	–
CECBF	Exit	Cellcube Energy Storage Sys Inc Com	$0	–	-15,000	–	0.00%	–
BRWC	Exit	BOREAL WATER COLLECTION INC CO	$0	–	-35,700	–	0.00%	–
ATHX	Exit	ATHERSYS INC	$0	–	-22,500	–	-0.01%	–
WDDD	Exit	WOLDS INC	$0	–	-120,000	–	-0.01%	–
AHT	Exit	ASHFORD HOSPITALITY TR INC	$0	–	-12,000	–	-0.01%	–
BKCC	Exit	BLACKROCK CAPITAL INVESTMENT C	$0	–	-21,500	–	-0.02%	–
MEN	Exit	BLACKROCK MUNIENHANCED FD INC	$0	–	-11,400	–	-0.03%	–
NLY	Exit	ANNALY MTG MANAGEMENT	$0	–	-18,200	–	-0.04%	–
BERK	Exit	BERKSHIRE BANCORP INC DEL COM	$0	–	-12,298	–	-0.04%	–
NMZ	Exit	NUVEEN MUN HIGH INCOME OPP FD	$0	–	-11,500	–	-0.04%	–
ECC	Exit	EAGLE POINT CREDIT CO	$0	–	-10,500	–	-0.04%	–
NZF	Exit	NUVEEN MUNICIPAL CR INCOME FD	$0	–	-10,500	–	-0.04%	–
TWO	Exit	TWO HBRS INVT CORP COM	$0	–	-12,725	–	-0.04%	–
AINV	Exit	APOLLO INVT CORP COM	$0	–	-11,000	–	-0.04%	–
NVG	Exit	NUVEEN MUNICIPAL CREDIT INCOME FD	$0	–	-10,500	–	-0.04%	–
NRZ	Exit	NEW RESIDENTIAL INVT	$0	–	-11,300	–	-0.04%	–
AMLP	Exit	ALPS ALERIAN MLP ETF	$0	–	-20,575	–	-0.04%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-2,763	–	-0.05%	–
MAS	Exit	MASCO CORP	$0	–	-5,125	–	-0.05%	–
IGM	Exit	ISHARES NORTH AMERICAN TECK	$0	–	-1,000	–	-0.05%	–
SCHW	Exit	THE CHARLES SCHWAB CORP	$0	–	-5,236	–	-0.05%	–
EPD	Exit	ENTERPRISE PRD PRTNRS LP	$0	–	-7,748	–	-0.05%	–
LSI	Exit	LIFE STORAGE INC	$0	–	-2,135	–	-0.05%	–
CSWI	Exit	CSW INDUSTRIALS INC	$0	–	-3,312	–	-0.05%	–
GSK	Exit	GLAXOSMITHKLINE PLC ADR	$0	–	-5,483	–	-0.05%	–
SO	Exit	THE SOUTHERN COMPANY	$0	–	-3,789	–	-0.05%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-6,033	–	-0.06%	–
BXMT	Exit	BLACKSTONE MTG TR INC	$0	–	-6,950	–	-0.06%	–
BLL	Exit	BALL CORP	$0	–	-3,500	–	-0.06%	–
DOW	Exit	DOW INC COM	$0	–	-5,507	–	-0.06%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-15,955	–	-0.06%	–
EEM	Exit	ISHARES TR MSCI EMERGING MKTS INDEX FD	$0	–	-6,939	–	-0.07%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-2,595	–	-0.07%	–
QCOM	Exit	QUALCOMM INC	$0	–	-4,080	–	-0.07%	–
NEA	Exit	NUVEEN AMT FREE MUN INCOME FD	$0	–	-22,000	–	-0.07%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES NV	$0	–	-3,641	–	-0.08%	–
	Exit	GENERAL ELECTRIC COMPANY	$0	–	-38,347	–	-0.08%	–
SUN	Exit	SUNOCO LP COM	$0	–	-11,000	–	-0.08%	–
TROW	Exit	T. ROWE PRICE GROUP INC	$0	–	-3,125	–	-0.08%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-7,650	–	-0.08%	–
KHC	Exit	THE KRAFT HEINZ CO	$0	–	-12,993	–	-0.08%	–
CI	Exit	CIGNA CORP	$0	–	-2,397	–	-0.08%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-2,540	–	-0.08%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-6,667	–	-0.08%	–
IYW	Exit	ISHARES US TECHNOLOGY ETF	$0	–	-1,860	–	-0.09%	–
BCPC	Exit	BALCHEM CORP	$0	–	-3,855	–	-0.09%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-3,614	–	-0.09%	–
BP	Exit	BP PLC ADR	$0	–	-10,576	–	-0.09%	–
HAL	Exit	HALLIBURTON COMPANY	$0	–	-21,603	–	-0.09%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-8,210	–	-0.10%	–
KO	Exit	COCA COLA COMPANY	$0	–	-7,845	–	-0.10%	–
MET	Exit	METLIFE INC	$0	–	-9,097	–	-0.10%	–
SPG	Exit	SIMON PPTY GROUP	$0	–	-2,751	–	-0.10%	–
IFF	Exit	INTL FLAVOR & FRAGRANCES	$0	–	-3,540	–	-0.10%	–
RDSA	Exit	ROYAL DUTCH SHELL SPON ADR	$0	–	-7,580	–	-0.10%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-6,744	–	-0.11%	–
AGN	Exit	ALLERGAN PLC	$0	–	-2,911	–	-0.11%	–
JFBC	Exit	JEFFERSONVILLE BANCORP	$0	–	-29,641	–	-0.12%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-3,295	–	-0.12%	–
PPL	Exit	PPL CORPORATION	$0	–	-16,645	–	-0.12%	–
CAT	Exit	CATERPILLAR INC	$0	–	-4,264	–	-0.12%	–
USB	Exit	US BANCORP DEL NEW	$0	–	-10,400	–	-0.13%	–
LEN	Exit	LENNAR CORP	$0	–	-10,657	–	-0.14%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-3,575	–	-0.15%	–
CELG	Exit	CELGENE CORP	$0	–	-6,816	–	-0.16%	–
NYF	Exit	ISHARES TR N Y MUNI BD ETF FD	$0	–	-13,800	–	-0.18%	–
MTB	Exit	M & T BANK CORP	$0	–	-4,995	–	-0.18%	–
COG	Exit	CABOT OIL & GAS CORP	$0	–	-45,795	–	-0.19%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-5,894	–	-0.19%	–
WMB	Exit	WILLIAMS COMPANIES	$0	–	-35,227	–	-0.20%	–
OSK	Exit	OSHKOSH CORP	$0	–	-11,326	–	-0.20%	–
IJR	Exit	ISHARES TR CORE S&P SMALL-CAP ETF	$0	–	-11,290	–	-0.20%	–
AMGN	Exit	AMGEN INC COM	$0	–	-4,596	–	-0.21%	–
QQQ	Exit	INVESCO QQQ TR UNIT SER 1	$0	–	-4,735	–	-0.21%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-3,098	–	-0.21%	–
KMX	Exit	CARMAX INC	$0	–	-10,204	–	-0.21%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-4,341	–	-0.21%	–
FPL	Exit	NEXTERA ENERGY INC.	$0	–	-4,124	–	-0.22%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-10,095	–	-0.23%	–
NUV	Exit	NUVEEN MUNICIPAL VALUE FUND INC	$0	–	-93,018	–	-0.23%	–
	Exit	3M COMPANY	$0	–	-6,004	–	-0.23%	–
EFA	Exit	ISHARES TR MSCI EAFE ETF	$0	–	-15,195	–	-0.23%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-4,803	–	-0.23%	–
	Exit	ABBVIE INC COM	$0	–	-13,713	–	-0.24%	–
TD	Exit	TORONTO DOMINION BK	$0	–	-18,089	–	-0.24%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-21,685	–	-0.26%	–
AZO	Exit	AUTOZONE INC	$0	–	-1,035	–	-0.26%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-13,630	–	-0.27%	–
MCD	Exit	MCDONALDS CORP	$0	–	-5,516	–	-0.27%	–
PLD	Exit	PROLOGICS INC.	$0	–	-14,180	–	-0.28%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-3,367	–	-0.29%	–
PSX	Exit	PHILLIPS 66	$0	–	-12,846	–	-0.30%	–
GLW	Exit	CORNING INC	$0	–	-46,537	–	-0.31%	–
PNC	Exit	PNC FINANCIAL SERVICES	$0	–	-9,467	–	-0.31%	–
CVS	Exit	C V S CORP DEL	$0	–	-22,566	–	-0.33%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-16,655	–	-0.34%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-10,260	–	-0.35%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-22,665	–	-0.35%	–
MS	Exit	MORGAN STANLEY	$0	–	-35,831	–	-0.35%	–
BBT	Exit	BB&T CORP	$0	–	-28,741	–	-0.36%	–
AES	Exit	AES CORP	$0	–	-94,701	–	-0.36%	–
CB	Exit	CHUBB LTD	$0	–	-9,908	–	-0.37%	–
MDLZ	Exit	MONDELEZ INTL INC CL A	$0	–	-29,354	–	-0.38%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-4,189	–	-0.38%	–
PKI	Exit	PERKINELMER INC	$0	–	-19,730	–	-0.39%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-21,451	–	-0.42%	–
ENB	Exit	ENBRIDGE INC	$0	–	-51,993	–	-0.42%	–
BK	Exit	THE BANK OF NY MELLON CORP	$0	–	-40,778	–	-0.43%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-13,105	–	-0.44%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-25,420	–	-0.47%	–
T	Exit	AT & T INC	$0	–	-60,684	–	-0.53%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-11,951	–	-0.54%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-48,718	–	-0.62%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TR	$0	–	-7,700	–	-0.63%	–
DG	Exit	DOLLAR GENERAL CORPORATION	$0	–	-17,755	–	-0.65%	–
STI	Exit	SUNTRUST BANKS INC	$0	–	-44,010	–	-0.70%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-34,606	–	-0.71%	–
CSX	Exit	C S X CORP	$0	–	-46,249	–	-0.74%	–
HON	Exit	HONEYWELL INTERNATIONAL	$0	–	-19,261	–	-0.76%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-29,273	–	-0.80%	–
XLNX	Exit	XILINX INC	$0	–	-36,734	–	-0.82%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-63,797	–	-0.84%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-29,654	–	-0.85%	–
MRK	Exit	MERCK & CO INC	$0	–	-44,342	–	-0.86%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-7,335	–	-0.93%	–
CVX	Exit	CHEVRON CORP	$0	–	-34,283	–	-0.94%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-43,741	–	-0.97%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-26,667	–	-1.00%	–
DHR	Exit	DANAHER CORP	$0	–	-30,040	–	-1.00%	–
EL	Exit	ESTEE LAUDER COMPANIES INC CL A	$0	–	-21,820	–	-1.01%	–
CRM	Exit	SALESFORCE COM	$0	–	-29,386	–	-1.01%	–
MMC	Exit	MARSH & MCLENNAN CO INC	$0	–	-44,435	–	-1.03%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-63,603	–	-1.04%	–
PFF	Exit	ISHARES TR S&P US PFD STK INDE	$0	–	-121,771	–	-1.06%	–
ILMN	Exit	ILLUMINA INC	$0	–	-15,066	–	-1.06%	–
AMZN	Exit	AMAZON COM INC	$0	–	-2,658	–	-1.07%	–
AVGO	Exit	BROADCOM LTD	$0	–	-17,010	–	-1.09%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-51,574	–	-1.12%	–
V	Exit	VISA INC	$0	–	-29,067	–	-1.16%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-38,907	–	-1.17%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-23,313	–	-1.17%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-107,677	–	-1.23%	–
BAC	Exit	BANKAMERICA CORP	$0	–	-182,687	–	-1.24%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-119,370	–	-1.25%	–
RMD	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-44,354	–	-1.26%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-154,463	–	-1.29%	–
AMT	Exit	AMERN TOWER CORP CLASS A	$0	–	-25,606	–	-1.31%	–
SPY	Exit	SPDR S&P 500 ETF TR	$0	–	-19,384	–	-1.33%	–
DIS	Exit	DISNEY WALT CO	$0	–	-44,816	–	-1.35%	–
INTC	Exit	INTEL CORP	$0	–	-116,262	–	-1.39%	–
FB	Exit	FACEBOOK INC CL A	$0	–	-33,668	–	-1.39%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-5,546	–	-1.57%	–
STL	Exit	STERLING BANCORP DEL COM	$0	–	-349,166	–	-1.62%	–
LLY	Exit	ELI LILLY & COMPANY	$0	–	-65,921	–	-1.71%	–
BA	Exit	BOEING CO	$0	–	-19,540	–	-1.72%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-123,850	–	-1.73%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-61,071	–	-1.94%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-30,704	–	-1.96%	–
AAPL	Exit	APPLE, INC.	$0	–	-40,358	–	-2.09%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-87,909	–	-2.40%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC.	$0	–	-37,007	–	-2.50%	–
HD	Exit	THE HOME DEPOT INC	$0	–	-61,640	–	-3.31%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-148,026	–	-3.72%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-130,470	–	-4.20%	–
OCBI	Exit	ORANGE CNTY BANCORP INC	$0	–	-834,097	–	-5.36%	–
ISRG	Exit	INTUITIVE SURGICAL INC NEW	$0	–	-45,715	–	-5.72%	–

Q3 2019

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$18,139,000	+2.1%	130,470	-1.6%	4.20%	+2.1%
MDT	Sell	MEDTRONIC PLC	$16,079,000	+11.2%	148,026	-0.3%	3.72%	+11.2%
HD	Sell	THE HOME DEPOT INC	$14,302,000	+9.7%	61,640	-1.7%	3.31%	+9.7%
TMO	Sell	THERMO FISHER SCIENTIFIC INC.	$10,779,000	-2.2%	37,007	-1.4%	2.50%	-2.2%
JPM	Buy	JP MORGAN CHASE & CO	$10,346,000	+5.6%	87,909	+0.3%	2.40%	+5.6%
AAPL	Sell	APPLE, INC.	$9,039,000	+6.6%	40,358	-5.8%	2.09%	+6.6%
ADBE	Buy	ADOBE SYSTEMS INC	$8,482,000	-5.2%	30,704	+1.1%	1.96%	-5.2%
PEP	Buy	PEPSICO INCORPORATED	$8,373,000	+5.2%	61,071	+0.7%	1.94%	+5.3%
VZ	Buy	VERIZON COMMUNICATIONS	$7,476,000	+6.5%	123,850	+0.8%	1.73%	+6.5%
BA	Sell	BOEING CO	$7,434,000	-2.1%	19,540	-6.3%	1.72%	-2.1%
LLY	Buy	ELI LILLY & COMPANY	$7,372,000	+1.8%	65,921	+0.8%	1.71%	+1.8%
STL	Sell	STERLING BANCORP DEL COM	$7,004,000	-6.5%	349,166	-0.8%	1.62%	-6.5%
GOOG	Sell	ALPHABET INC CLASS C	$6,761,000	+10.3%	5,546	-2.2%	1.57%	+10.3%
FB	Sell	FACEBOOK INC CL A	$5,996,000	-11.5%	33,668	-4.1%	1.39%	-11.5%
INTC	Buy	INTEL CORP	$5,991,000	+16.9%	116,262	+8.6%	1.39%	+16.9%
DIS	Sell	DISNEY WALT CO	$5,840,000	-7.0%	44,816	-0.3%	1.35%	-6.9%
SPY	Sell	SPDR S&P 500 ETF TR	$5,753,000	-0.8%	19,384	-2.1%	1.33%	-0.8%
AMT	Buy	AMERN TOWER CORP CLASS A	$5,662,000	+51.3%	25,606	+39.8%	1.31%	+51.3%
PFE	Sell	PFIZER INCORPORATED	$5,550,000	-18.8%	154,463	-2.2%	1.29%	-18.9%
RMD	Sell	ROYAL CARIBBEAN CRUISES LTD	$5,462,000	-0.8%	44,354	-2.0%	1.26%	-0.9%
CMCSA	Buy	COMCAST CORP NEW CL A	$5,381,000	+8.8%	119,370	+2.1%	1.25%	+8.8%
BAC	Buy	BANKAMERICA CORP	$5,329,000	+4.7%	182,687	+4.0%	1.24%	+4.7%
CSCO	Sell	CISCO SYSTEMS INC	$5,320,000	-12.2%	107,677	-2.7%	1.23%	-12.1%
UNH	Buy	UNITED HEALTHCARE CORP	$5,066,000	-10.0%	23,313	+1.1%	1.17%	-10.0%
JNJ	Sell	JOHNSON & JOHNSON	$5,034,000	-9.5%	38,907	-2.5%	1.17%	-9.5%
V	Buy	VISA INC	$5,000,000	+1.1%	29,067	+2.0%	1.16%	+1.0%
NKE	Buy	NIKE INC CLASS B	$4,844,000	+12.2%	51,574	+0.3%	1.12%	+12.2%
AVGO	Sell	BROADCOM LTD	$4,696,000	-4.4%	17,010	-0.3%	1.09%	-4.4%
AMZN	Sell	AMAZON COM INC	$4,614,000	-8.8%	2,658	-0.5%	1.07%	-8.8%
ILMN	Buy	ILLUMINA INC	$4,583,000	-7.1%	15,066	+12.5%	1.06%	-7.1%
PFF	Buy	ISHARES TR S&P US PFD STK INDE	$4,570,000	+4.1%	121,771	+2.3%	1.06%	+4.1%
XOM	Sell	EXXON MOBIL CORPORATION	$4,491,000	-9.6%	63,603	-1.9%	1.04%	-9.6%
MMC	Buy	MARSH & MCLENNAN CO INC	$4,446,000	+1.2%	44,435	+0.8%	1.03%	+1.2%
CRM	Buy	SALESFORCE COM	$4,362,000	+3.5%	29,386	+5.8%	1.01%	+3.6%
EL	Sell	ESTEE LAUDER COMPANIES INC CL A	$4,341,000	+8.6%	21,820	-0.0%	1.01%	+8.6%
DHR	Buy	DANAHER CORP	$4,339,000	+4.9%	30,040	+3.8%	1.00%	+4.9%
ADP	Sell	AUTO DATA PROCESSING	$4,305,000	-3.5%	26,667	-1.2%	1.00%	-3.6%
DUK	Sell	DUKE ENERGY CORPORATION	$4,193,000	+8.2%	43,741	-0.4%	0.97%	+8.1%
CVX	Buy	CHEVRON CORP	$4,066,000	-3.3%	34,283	+1.5%	0.94%	-3.3%
SHW	Sell	SHERWIN WILLIAMS CO	$4,033,000	+19.1%	7,335	-0.7%	0.93%	+19.0%
MRK	Buy	MERCK & CO INC	$3,733,000	+4.3%	44,342	+3.9%	0.86%	+4.3%
PG	Sell	PROCTER & GAMBLE CO	$3,688,000	+11.0%	29,654	-2.1%	0.85%	+10.9%
COP	Sell	CONOCOPHILLIPS	$3,635,000	-8.7%	63,797	-2.3%	0.84%	-8.8%
XLNX	Buy	XILINX INC	$3,523,000	-17.2%	36,734	+1.8%	0.82%	-17.2%
WMT	Sell	WAL-MART STORES INC	$3,474,000	+5.7%	29,273	-1.6%	0.80%	+5.8%
HON	Buy	HONEYWELL INTERNATIONAL	$3,259,000	-2.0%	19,261	+1.1%	0.76%	-1.9%
CSX	Sell	C S X CORP	$3,204,000	-18.8%	46,249	-9.3%	0.74%	-18.8%
SBUX	Sell	STARBUCKS CORP	$3,060,000	+5.1%	34,606	-0.4%	0.71%	+5.0%
STI	Sell	SUNTRUST BANKS INC	$3,028,000	+5.2%	44,010	-3.9%	0.70%	+5.2%
DG	Sell	DOLLAR GENERAL CORPORATION	$2,822,000	+15.9%	17,755	-1.4%	0.65%	+16.0%
MDY	Sell	SPDR S&P MIDCAP 400 ETF TR	$2,714,000	-2.3%	7,700	-1.7%	0.63%	-2.3%
ORCL	Sell	ORACLE CORPORATION	$2,681,000	-5.5%	48,718	-2.2%	0.62%	-5.5%
RTN	Buy	RAYTHEON COMPANY NEW	$2,345,000	+15.4%	11,951	+2.3%	0.54%	+15.3%
T	Sell	AT & T INC	$2,296,000	+10.3%	60,684	-2.3%	0.53%	+10.4%
SYY	Sell	SYSCO CORPORATION	$2,018,000	+7.6%	25,420	-4.2%	0.47%	+7.6%
IBM	Buy	INTL BUSINESS MACHINES	$1,906,000	+18.4%	13,105	+12.3%	0.44%	+18.5%
BK	Sell	THE BANK OF NY MELLON CORP	$1,844,000	-1.8%	40,778	-4.1%	0.43%	-1.8%
ENB	Sell	ENBRIDGE INC	$1,824,000	-3.7%	51,993	-1.0%	0.42%	-3.6%
PKI	Buy	PERKINELMER INC	$1,680,000	-8.3%	19,730	+3.8%	0.39%	-8.3%
LMT	Buy	LOCKHEED MARTIN CORP	$1,634,000	+10.2%	4,189	+2.7%	0.38%	+10.2%
MDLZ	Buy	MONDELEZ INTL INC CL A	$1,624,000	+3.6%	29,354	+1.0%	0.38%	+3.6%
CB	New	CHUBB LTD	$1,600,000	–	9,908	–	0.37%	–
AES	Sell	AES CORP	$1,547,000	-7.8%	94,701	-5.4%	0.36%	-8.0%
BBT	Sell	BB&T CORP	$1,534,000	-3.5%	28,741	-11.2%	0.36%	-3.5%
MS	Sell	MORGAN STANLEY	$1,529,000	-10.5%	35,831	-8.2%	0.35%	-10.6%
EMR	Sell	EMERSON ELECTRIC CO	$1,515,000	-3.6%	22,665	-3.7%	0.35%	-3.6%
FDX	Sell	FEDEX CORPORATION	$1,494,000	-18.1%	10,260	-7.7%	0.35%	-18.2%
LECO	Buy	LINCOLN ELEC HLDGS INC	$1,445,000	+5.6%	16,655	+0.2%	0.34%	+5.7%
CVS	Sell	C V S CORP DEL	$1,423,000	+11.8%	22,566	-3.4%	0.33%	+11.9%
PNC	Sell	PNC FINANCIAL SERVICES	$1,327,000	-43.6%	9,467	-44.8%	0.31%	-43.7%
GLW	Sell	CORNING INC	$1,327,000	-22.4%	46,537	-9.6%	0.31%	-22.5%
PSX	Sell	PHILLIPS 66	$1,315,000	+7.1%	12,846	-2.1%	0.30%	+7.0%
NOC	Sell	NORTHROP GRUMMAN CORP	$1,262,000	+12.7%	3,367	-2.9%	0.29%	+12.3%
PLD	Buy	PROLOGICS INC.	$1,208,000	+12.6%	14,180	+5.9%	0.28%	+12.4%
MCD	Sell	MCDONALDS CORP	$1,184,000	+1.8%	5,516	-1.5%	0.27%	+1.9%
VLO	Buy	VALERO ENERGY CORP	$1,162,000	+79.3%	13,630	+79.9%	0.27%	+79.3%
AZO	Sell	AUTOZONE INC	$1,123,000	-1.4%	1,035	-0.1%	0.26%	-1.5%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$1,100,000	+11.9%	21,685	+0.0%	0.26%	+11.8%
TD	Sell	TORONTO DOMINION BK	$1,054,000	-3.4%	18,089	-3.2%	0.24%	-3.6%
	Sell	ABBVIE INC COM	$1,038,000	-0.1%	13,713	-4.0%	0.24%	-0.4%
GS	Sell	GOLDMAN SACHS GROUP INC	$995,000	-5.6%	4,803	-6.8%	0.23%	-5.3%
EFA	Sell	ISHARES TR MSCI EAFE ETF	$991,000	-4.0%	15,195	-3.2%	0.23%	-3.8%
	Sell	3M COMPANY	$987,000	-7.4%	6,004	-2.4%	0.23%	-7.3%
NUV	Buy	NUVEEN MUNICIPAL VALUE FUND INC	$978,000	+8.3%	93,018	+4.9%	0.23%	+8.6%
CTXS	Sell	CITRIX SYSTEMS INC	$974,000	-5.4%	10,095	-3.8%	0.23%	-5.4%
FPL	Sell	NEXTERA ENERGY INC.	$961,000	+8.5%	4,124	-4.6%	0.22%	+8.8%
LHX	New	L3HARRIS TECHNOLOGIES INC	$906,000	–	4,341	–	0.21%	–
KMX	Sell	CARMAX INC	$898,000	-0.9%	10,204	-2.2%	0.21%	-1.0%
COST	Buy	COSTCO WHSL CORP NEW	$893,000	+30.7%	3,098	+19.9%	0.21%	+31.0%
QQQ	Sell	INVESCO QQQ TR UNIT SER 1	$894,000	-4.2%	4,735	-5.2%	0.21%	-4.2%
AMGN	Sell	AMGEN INC COM	$889,000	-0.4%	4,596	-5.1%	0.21%	-0.5%
OSK	Sell	OSHKOSH CORP	$859,000	-17.6%	11,326	-9.2%	0.20%	-17.4%
WMB	Buy	WILLIAMS COMPANIES	$848,000	-0.6%	35,227	+15.8%	0.20%	-1.0%
COG	Buy	CABOT OIL & GAS CORP	$805,000	-20.3%	45,795	+4.2%	0.19%	-20.1%
MTB	Sell	M & T BANK CORP	$789,000	-13.6%	4,995	-6.9%	0.18%	-13.7%
NYF	Buy	ISHARES TR N Y MUNI BD ETF FD	$790,000	+1.9%	13,800	+1.1%	0.18%	+1.7%
CELG	Sell	CELGENE CORP	$677,000	0.0%	6,816	-7.0%	0.16%	0.0%
NSC	Sell	NORFOLK SOUTHERN CORP	$642,000	-11.2%	3,575	-1.4%	0.15%	-11.3%
LEN	Sell	LENNAR CORP	$595,000	+13.3%	10,657	-1.6%	0.14%	+13.1%
USB	Sell	US BANCORP DEL NEW	$576,000	+4.7%	10,400	-1.0%	0.13%	+4.7%
CAT	Sell	CATERPILLAR INC	$539,000	-10.5%	4,264	-3.5%	0.12%	-10.1%
PPL	Sell	PPL CORPORATION	$524,000	+1.2%	16,645	-0.4%	0.12%	+0.8%
ITW	Sell	ILLINOIS TOOL WORKS INC	$516,000	+1.8%	3,295	-1.9%	0.12%	+2.6%
JFBC	Sell	JEFFERSONVILLE BANCORP	$512,000	0.0%	29,641	-1.2%	0.12%	0.0%
AGN	Sell	ALLERGAN PLC	$490,000	-7.2%	2,911	-7.6%	0.11%	-6.6%
DD	Sell	DUPONT DE NEMOURS INC	$481,000	-14.1%	6,744	-9.6%	0.11%	-14.6%
RDSA	Sell	ROYAL DUTCH SHELL SPON ADR	$446,000	-12.7%	7,580	-3.5%	0.10%	-12.7%
IFF	Sell	INTL FLAVOR & FRAGRANCES	$434,000	-16.1%	3,540	-0.7%	0.10%	-15.8%
MET	Sell	METLIFE INC	$429,000	-5.5%	9,097	-0.5%	0.10%	-5.7%
SPG	Sell	SIMON PPTY GROUP	$428,000	-32.8%	2,751	-31.0%	0.10%	-33.1%
WFC	Sell	WELLS FARGO & CO NEW	$414,000	+6.2%	8,210	-0.3%	0.10%	+6.7%
HAL	Sell	HALLIBURTON COMPANY	$407,000	-20.4%	21,603	-3.8%	0.09%	-20.3%
BP	Buy	BP PLC ADR	$402,000	+3.6%	10,576	+13.7%	0.09%	+3.3%
LOW	Sell	LOWES COMPANIES INC	$397,000	+8.2%	3,614	-0.7%	0.09%	+8.2%
WBA	New	WALGREEN BOOTS ALLIANCE INC	$369,000	–	6,667	–	0.08%	–
CAH	Sell	CARDINAL HEALTH INC	$361,000	-4.2%	7,650	-4.4%	0.08%	-3.4%
KHC	Sell	THE KRAFT HEINZ CO	$363,000	-15.2%	12,993	-5.8%	0.08%	-15.2%
CI	Sell	CIGNA CORP	$364,000	-12.9%	2,397	-9.7%	0.08%	-13.4%
	Sell	GENERAL ELECTRIC COMPANY	$343,000	-17.7%	38,347	-3.4%	0.08%	-18.6%
LYB	Buy	LYONDELLBASELL INDUSTRIES NV	$326,000	+51.6%	3,641	+46.2%	0.08%	+52.0%
QCOM	Sell	QUALCOMM INC	$311,000	-6.6%	4,080	-6.7%	0.07%	-6.5%
EEM	Sell	ISHARES TR MSCI EMERGING MKTS INDEX FD	$284,000	-5.3%	6,939	-0.6%	0.07%	-5.7%
CMC	Sell	COMMERCIAL METALS CO	$277,000	-3.5%	15,955	-0.6%	0.06%	-3.0%
DOW	Sell	DOW INC COM	$262,000	-9.3%	5,507	-6.1%	0.06%	-9.0%
MO	Sell	ALTRIA GROUP INC	$247,000	-14.8%	6,033	-1.6%	0.06%	-14.9%
EPD	Sell	ENTERPRISE PRD PRTNRS LP	$221,000	-2.2%	7,748	-1.1%	0.05%	-1.9%
SCHW	Buy	THE CHARLES SCHWAB CORP	$219,000	+9.0%	5,236	+4.9%	0.05%	+8.5%
MAS	Sell	MASCO CORP	$214,000	-5.7%	5,125	-11.3%	0.05%	-5.7%
CL	New	COLGATE-PALMOLIVE CO	$203,000	–	2,763	–	0.05%	–
TWO	Sell	TWO HBRS INVT CORP COM	$167,000	+2.5%	12,725	-1.0%	0.04%	+2.6%
ASPR	New	ADSOUTH PARTNERS INC (NV)	$0	–	10,001	–	0.00%	–
RNN	Exit	REXAHN PHARMACEUTICALS INC	$0	–	0	–	0.00%	–
CECBF	New	Cellcube Energy Storage Sys Inc Com	$1,000	–	15,000	–	0.00%	–
CTVA	Exit	CORTEVA INC	$0	–	-6,887	–	-0.05%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-2,353	–	-0.05%	–
MXIM	Exit	MAXIM INTEGRATED PRODS	$0	–	-4,010	–	-0.06%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-276	–	-0.07%	–
VEA	Exit	VANGUARD TAX-MANAGED INTL FD FTSE DEVELOPED MKTS ETF	$0	–	-8,500	–	-0.08%	–
VCR	Exit	VANGUARD CONSUMER DISCRETIONARY ETF	$0	–	-2,827	–	-0.12%	–
CHEF	Exit	RSTK CHEFS WHSE INC	$0	–	-17,180	–	-0.14%	–
ATRI	Exit	ATRION CORP COM	$0	–	-900	–	-0.18%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-4,691	–	-0.21%	–
CB	Exit	CHUBB CORPORATION	$0	–	-10,078	–	-0.34%	–
RHT	Exit	RED HAT INC	$0	–	-9,398	–	-0.41%	–

Q2 2019

			Value		Shares		↓ Weighting
ISRG	New	INTUITIVE SURGICAL INC NEW	$23,980,000	–	45,715	–	5.56%	–
OCBI	New	ORANGE CNTY BANCORP INC	$22,112,000	–	834,097	–	5.12%	–
MSFT	New	MICROSOFT CORP	$17,762,000	–	132,590	–	4.12%	–
MDT	New	MEDTRONIC PLC	$14,461,000	–	148,486	–	3.35%	–
HD	New	HOME DEPOT INC	$13,036,000	–	62,684	–	3.02%	–
TMO	New	THERMO FISHER SCIENTIFIC INC.	$11,022,000	–	37,531	–	2.55%	–
JPM	New	JP MORGAN CHASE & CO	$9,796,000	–	87,620	–	2.27%	–
ADBE	New	ADOBE SYSTEMS INC	$8,946,000	–	30,360	–	2.07%	–
AAPL	New	APPLE, INC.	$8,476,000	–	42,825	–	1.96%	–
PEP	New	PEPSICO INCORPORATED	$7,956,000	–	60,671	–	1.84%	–
BA	New	BOEING CO	$7,590,000	–	20,850	–	1.76%	–
STL	New	STERLING BANCORP DEL COM	$7,492,000	–	352,076	–	1.74%	–
LLY	New	ELI LILLY & COMPANY	$7,242,000	–	65,371	–	1.68%	–
VZ	New	VERIZON COMMUNICATIONS	$7,021,000	–	122,897	–	1.63%	–
PFE	New	PFIZER INCORPORATED	$6,839,000	–	157,878	–	1.58%	–
FB	New	FACEBOOK INC CL A	$6,776,000	–	35,111	–	1.57%	–
DIS	New	DISNEY WALT CO	$6,277,000	–	44,955	–	1.45%	–
GOOG	New	ALPHABET INC CLASS C	$6,129,000	–	5,670	–	1.42%	–
CSCO	New	CISCO SYSTEMS INC	$6,056,000	–	110,657	–	1.40%	–
SPY	New	SPDR S&P 500 ETF TR	$5,799,000	–	19,792	–	1.34%	–
UNH	New	UNITED HEALTHCARE CORP	$5,627,000	–	23,060	–	1.30%	–
JNJ	New	JOHNSON & JOHNSON	$5,560,000	–	39,919	–	1.29%	–
RMD	New	ROYAL CARIBBEAN CRUISES LTD	$5,506,000	–	45,257	–	1.28%	–
INTC	New	INTEL CORP	$5,125,000	–	107,063	–	1.19%	–
BAC	New	BANKAMERICA CORP	$5,092,000	–	175,586	–	1.18%	–
AMZN	New	AMAZON COM INC	$5,058,000	–	2,671	–	1.17%	–
XOM	New	EXXON MOBIL CORPORATION	$4,967,000	–	64,820	–	1.15%	–
CMCSA	New	COMCAST CORP NEW CL A	$4,944,000	–	116,940	–	1.15%	–
V	New	VISA INC	$4,947,000	–	28,507	–	1.15%	–
ILMN	New	ILLUMINA INC	$4,932,000	–	13,396	–	1.14%	–
AVGO	New	BROADCOM LTD	$4,911,000	–	17,060	–	1.14%	–
ADP	New	AUTO DATA PROCESSING	$4,463,000	–	26,992	–	1.03%	–
MMC	New	MARSH & MCLENNAN CO INC	$4,395,000	–	44,065	–	1.02%	–
PFF	New	ISHARES TR S&P US PFD STK INDE	$4,388,000	–	119,077	–	1.02%	–
NKE	New	NIKE INC CLASS B	$4,316,000	–	51,414	–	1.00%	–
XLNX	New	XILINX INC	$4,256,000	–	36,096	–	0.99%	–
CRM	New	SALESFORCE COM	$4,214,000	–	27,771	–	0.98%	–
CVX	New	CHEVRONTEXACO CORP	$4,205,000	–	33,788	–	0.97%	–
DHR	New	DANAHER CORP	$4,135,000	–	28,932	–	0.96%	–
EL	New	ESTEE LAUDER COMPANIES INC CL A	$3,996,000	–	21,822	–	0.93%	–
COP	New	CONOCOPHILLIPS	$3,983,000	–	65,292	–	0.92%	–
CSX	New	C S X CORP	$3,946,000	–	50,997	–	0.91%	–
DUK	New	DUKE ENERGY CORPORATION	$3,876,000	–	43,924	–	0.90%	–
AMT	New	AMERN TOWER CORP CLASS A	$3,743,000	–	18,310	–	0.87%	–
MRK	New	MERCK & CO INC	$3,578,000	–	42,677	–	0.83%	–
SHW	New	SHERWIN WILLIAMS CO	$3,386,000	–	7,388	–	0.78%	–
PG	New	PROCTER & GAMBLE CO	$3,322,000	–	30,300	–	0.77%	–
HON	New	HONEYWELL INTERNATIONAL	$3,325,000	–	19,045	–	0.77%	–
WMT	New	WAL-MART STORES INC	$3,286,000	–	29,743	–	0.76%	–
SBUX	New	STARBUCKS CORP	$2,912,000	–	34,741	–	0.68%	–
STI	New	SUNTRUST BANKS INC	$2,879,000	–	45,809	–	0.67%	–
ORCL	New	ORACLE CORPORATION	$2,837,000	–	49,792	–	0.66%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TR	$2,778,000	–	7,835	–	0.64%	–
DG	New	DOLLAR GENERAL CORPORATION	$2,434,000	–	18,011	–	0.56%	–
PNC	New	PNC FINANCIAL SERVICES	$2,353,000	–	17,141	–	0.54%	–
T	New	AT & T INC	$2,082,000	–	62,117	–	0.48%	–
RTN	New	RAYTHEON COMPANY NEW	$2,032,000	–	11,686	–	0.47%	–
ENB	New	ENBRIDGE INC	$1,894,000	–	52,508	–	0.44%	–
BK	New	THE BANK OF NY MELLON CORP	$1,877,000	–	42,518	–	0.44%	–
SYY	New	SYSCO CORPORATION	$1,876,000	–	26,525	–	0.44%	–
PKI	New	PERKINELMER INC	$1,832,000	–	19,015	–	0.42%	–
FDX	New	FEDEX CORPORATION	$1,825,000	–	11,115	–	0.42%	–
ABT	New	ABBOTT LABORATORIES	$1,804,000	–	21,451	–	0.42%	–
RHT	New	RED HAT INC	$1,765,000	–	9,398	–	0.41%	–
GLW	New	CORNING INC	$1,711,000	–	51,487	–	0.40%	–
MS	New	MORGAN STANLEY	$1,709,000	–	39,011	–	0.40%	–
AES	New	AES CORP	$1,678,000	–	100,108	–	0.39%	–
IBM	New	INTL BUSINESS MACHINES	$1,610,000	–	11,674	–	0.37%	–
BBT	New	BB&T CORP	$1,590,000	–	32,373	–	0.37%	–
EMR	New	EMERSON ELECTRIC CO	$1,571,000	–	23,539	–	0.36%	–
MDLZ	New	MONDELEZ INTL INC CL A	$1,567,000	–	29,064	–	0.36%	–
LMT	New	LOCKHEED MARTIN CORP	$1,483,000	–	4,079	–	0.34%	–
CB	New	CHUBB CORPORATION	$1,484,000	–	10,078	–	0.34%	–
LECO	New	LINCOLN ELEC HLDGS INC	$1,369,000	–	16,630	–	0.32%	–
CVS	New	C V S CORP DEL	$1,273,000	–	23,371	–	0.30%	–
PSX	New	PHILLIPS 66	$1,228,000	–	13,126	–	0.28%	–
MCD	New	MCDONALDS CORP	$1,163,000	–	5,601	–	0.27%	–
AZO	New	AUTOZONE INC	$1,139,000	–	1,036	–	0.26%	–
NOC	New	NORTHROP GRUMMAN CORP	$1,120,000	–	3,467	–	0.26%	–
TD	New	TORONTO DOMINION BK	$1,091,000	–	18,689	–	0.25%	–
PLD	New	PROLOGICS INC.	$1,073,000	–	13,390	–	0.25%	–
	New	3M COMPANY	$1,066,000	–	6,151	–	0.25%	–
GS	New	GOLDMAN SACHS GROUP INC	$1,054,000	–	5,153	–	0.24%	–
OSK	New	OSHKOSH CORP	$1,042,000	–	12,476	–	0.24%	–
	New	ABBVIE INC COM	$1,039,000	–	14,283	–	0.24%	–
EFA	New	ISHARES TR MSCI EAFE ETF	$1,032,000	–	15,695	–	0.24%	–
CTXS	New	CITRIX SYSTEMS INC	$1,030,000	–	10,495	–	0.24%	–
COG	New	CABOT OIL & GAS CORP	$1,010,000	–	43,970	–	0.23%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$983,000	–	21,680	–	0.23%	–
QQQ	New	INVESCO QQQ TR UNIT SER 1	$933,000	–	4,995	–	0.22%	–
MTB	New	M & T BANK CORP	$913,000	–	5,366	–	0.21%	–
KMX	New	CARMAX INC	$906,000	–	10,431	–	0.21%	–
NUV	New	NUVEEN MUNICIPAL VALUE FUND INC	$903,000	–	88,659	–	0.21%	–
AMGN	New	AMGEN INC COM	$893,000	–	4,845	–	0.21%	–
HRS	New	HARRIS CORP DEL	$887,000	–	4,691	–	0.21%	–
FPL	New	NEXTERA ENERGY INC.	$886,000	–	4,322	–	0.20%	–
IJR	New	ISHARES TR CORE S&P SMALL-CAP ETF	$884,000	–	11,290	–	0.20%	–
WMB	New	WILLIAMS COMPANIES	$853,000	–	30,425	–	0.20%	–
NYF	New	ISHARES TR N Y MUNI BD ETF FD	$775,000	–	13,650	–	0.18%	–
UTX	New	UNITED TECHNOLOGIES CORP	$767,000	–	5,894	–	0.18%	–
ATRI	New	ATRION CORP COM	$767,000	–	900	–	0.18%	–
NSC	New	NORFOLK SOUTHERN CORP	$723,000	–	3,625	–	0.17%	–
COST	New	COSTCO WHSL CORP NEW	$683,000	–	2,583	–	0.16%	–
CELG	New	CELGENE CORP	$677,000	–	7,326	–	0.16%	–
VLO	New	VALERO ENERGY CORP	$648,000	–	7,575	–	0.15%	–
SPG	New	SIMON PPTY GROUP	$637,000	–	3,987	–	0.15%	–
CHEF	New	RSTK CHEFS WHSE INC	$603,000	–	17,180	–	0.14%	–
CAT	New	CATERPILLAR INC	$602,000	–	4,419	–	0.14%	–
DD	New	DUPONT DE NEMOURS INC	$560,000	–	7,462	–	0.13%	–
USB	New	US BANCORP DEL NEW	$550,000	–	10,500	–	0.13%	–
LEN	New	LENNAR CORP	$525,000	–	10,832	–	0.12%	–
AGN	New	ALLERGAN PLC	$528,000	–	3,151	–	0.12%	–
IFF	New	INTL FLAVOR & FRAGRANCES	$517,000	–	3,565	–	0.12%	–
PPL	New	PPL CORPORATION	$518,000	–	16,720	–	0.12%	–
JFBC	New	JEFFERSONVILLE BANCORP	$512,000	–	30,006	–	0.12%	–
RDSA	New	ROYAL DUTCH SHELL SPON ADR	$511,000	–	7,855	–	0.12%	–
HAL	New	HALLIBURTON COMPANY	$511,000	–	22,453	–	0.12%	–
ITW	New	ILLINOIS TOOL WORKS INC	$507,000	–	3,360	–	0.12%	–
VCR	New	VANGUARD CONSUMER DISCRETIONARY ETF	$507,000	–	2,827	–	0.12%	–
MET	New	METLIFE INC	$454,000	–	9,147	–	0.10%	–
KHC	New	KRAFT HEINZ CO	$428,000	–	13,791	–	0.10%	–
	New	GENERAL ELECTRIC COMPANY	$417,000	–	39,677	–	0.10%	–
CI	New	CIGNA CORP	$418,000	–	2,654	–	0.10%	–
KO	New	COCA COLA COMPANY	$399,000	–	7,845	–	0.09%	–
WFC	New	WELLS FARGO & CO NEW	$390,000	–	8,235	–	0.09%	–
BP	New	BP PLC ADR	$388,000	–	9,301	–	0.09%	–
BCPC	New	BALCHEM CORP	$385,000	–	3,855	–	0.09%	–
CAH	New	CARDINAL HEALTH INC	$377,000	–	8,000	–	0.09%	–
IYW	New	ISHARES TR DOW JONES U S ETF	$368,000	–	1,860	–	0.08%	–
LOW	New	LOWES COMPANIES INC	$367,000	–	3,638	–	0.08%	–
VEA	New	VANGUARD TAX-MANAGED INTL FD FTSE DEVELOPED MKTS ETF	$355,000	–	8,500	–	0.08%	–
SUN	New	SUNOCO LP COM	$344,000	–	11,000	–	0.08%	–
KMB	New	KIMBERLY-CLARK CORP	$339,000	–	2,540	–	0.08%	–
TROW	New	PRICE T ROWE GROUP INC	$343,000	–	3,125	–	0.08%	–
QCOM	New	QUALCOMM INC	$333,000	–	4,375	–	0.08%	–
DRI	New	DARDEN RESTAURANTS INC	$316,000	–	2,595	–	0.07%	–
EEM	New	ISHARES TR MSCI EMERGING MKTS INDEX FD	$300,000	–	6,982	–	0.07%	–
NEA	New	NUVEEN AMT FREE MUN INCOME FD	$304,000	–	22,000	–	0.07%	–
GOOGL	New	ALPHABET INC CLASS A	$299,000	–	276	–	0.07%	–
DOW	New	DOW INC COM	$289,000	–	5,867	–	0.07%	–
MO	New	ALTRIA GROUP INC	$290,000	–	6,133	–	0.07%	–
CMC	New	COMMERCIAL METALS CO	$287,000	–	16,055	–	0.07%	–
BLL	New	BALL CORP	$245,000	–	3,500	–	0.06%	–
BXMT	New	BLACKSTONE MTG TR INC	$247,000	–	6,950	–	0.06%	–
MXIM	New	MAXIM INTEGRATED PRODS	$240,000	–	4,010	–	0.06%	–
MAS	New	MASCO CORP	$227,000	–	5,775	–	0.05%	–
EPD	New	ENTERPRISE PRD PRTNRS LP	$226,000	–	7,833	–	0.05%	–
CSWI	New	CSW INDUSTRIALS INC	$226,000	–	3,312	–	0.05%	–
GSK	New	GLAXOSMITHKLINE PLC ADR	$219,000	–	5,483	–	0.05%	–
IGM	New	ISHARES TR EXPANDED TECH SECTOR ETF	$216,000	–	1,000	–	0.05%	–
LYB	New	LYONDELLBASELL INDUSTRIES NV	$215,000	–	2,491	–	0.05%	–
SO	New	THE SOUTHERN COMPANY	$209,000	–	3,789	–	0.05%	–
ED	New	CONSOLIDATED EDISON INC	$206,000	–	2,353	–	0.05%	–
AMLP	New	ALPS ALERIAN MLP ETF	$203,000	–	20,575	–	0.05%	–
SCHW	New	THE CHARLES SCHWAB CORP	$201,000	–	4,991	–	0.05%	–
CTVA	New	CORTEVA INC	$204,000	–	6,887	–	0.05%	–
LSI	New	LIFE STORAGE INC	$203,000	–	2,135	–	0.05%	–
ECC	New	EAGLE POINT CREDIT CO	$188,000	–	10,500	–	0.04%	–
NRZ	New	NEW RESIDENTIAL INVT	$174,000	–	11,300	–	0.04%	–
AINV	New	APOLLO INVT CORP COM	$174,000	–	11,000	–	0.04%	–
NVG	New	NUVEEN MUNICIPAL CREDIT INCOME FD	$167,000	–	10,500	–	0.04%	–
TWO	New	TWO HBRS INVT CORP COM	$163,000	–	12,850	–	0.04%	–
NLY	New	ANNALY MTG MANAGEMENT	$166,000	–	18,200	–	0.04%	–
NZF	New	NUVEEN MUNICIPAL CR INCOME FD	$165,000	–	10,500	–	0.04%	–
NMZ	New	NUVEEN MUN HIGH INCOME OPP FD	$161,000	–	11,500	–	0.04%	–
BERK	New	BERKSHIRE BANCORP INC DEL COM	$161,000	–	12,298	–	0.04%	–
BKCC	New	BLACKROCK CAPITAL INVESTMENT C	$130,000	–	21,500	–	0.03%	–
MEN	New	BLACKROCK MUNIENHANCED FD INC	$127,000	–	11,400	–	0.03%	–
ATHX	New	ATHERSYS INC	$38,000	–	22,500	–	0.01%	–
AHT	New	ASHFORD HOSPITALITY TR INC	$36,000	–	12,000	–	0.01%	–
WDDD	New	WOLDS INC	$34,000	–	120,000	–	0.01%	–
BRWC	New	BOREAL WATER COLLECTION INC CO	$0	–	35,700	–	0.00%	–
RNN	New	REXAHN PHARMACEUTICALS INC	$0	–	0	–	0.00%	–
AIMG	New	AIMGLOBAL TECHNOLOGIES INC	$0	–	20,000	–	0.00%	–
WMNS	New	WESTMONT RESOURCES INC	$0	–	30,000	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
ASPR	Exit	ADSOUTH PARTNERS INC	$0	–	-10,001	–	-0.00%	–
AIMG	Exit	AIMGLOBAL TECHNOLOGIES INC	$0	–	-20,000	–	-0.01%	–
WDDD	Exit	WOLDS INC	$0	–	-120,000	–	-0.01%	–
WMNS	Exit	WESTMONT RESOURCES INC	$0	–	-30,000	–	-0.01%	–
BRWC	Exit	BOREAL WATER COLLECTION INC CO	$0	–	-35,700	–	-0.01%	–
RNN	Exit	REXAHN PHARMACEUTICALS INC	$0	–	-20,000	–	-0.01%	–
ATHX	Exit	ATHERSYS INC	$0	–	-22,500	–	-0.01%	–
BKCC	Exit	BLACKROCK CAPITAL INVESTMENT C	$0	–	-17,000	–	-0.02%	–
AINV	Exit	APOLLO INVT CORP	$0	–	-20,000	–	-0.02%	–
MEN	Exit	BLACKROCK MUNIENHANCED FD INC	$0	–	-11,400	–	-0.03%	–
NMZ	Exit	NUVEEN MUN HIGH INCOME OPP FD	$0	–	-10,000	–	-0.03%	–
TWO	Exit	TWO HBRS INVT CORP COM	$0	–	-12,850	–	-0.04%	–
NRZ	Exit	NEW RESIDENTIAL INVT	$0	–	-11,300	–	-0.05%	–
IGM	Exit	ISHARES S&P NORTH AMERICAN TEC	$0	–	-1,000	–	-0.05%	–
AMLP	Exit	ALPS ALERIAN MLP ETF	$0	–	-19,825	–	-0.05%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-2,150	–	-0.05%	–
CSWI	Exit	CSW INDUSTRIALS INC	$0	–	-4,132	–	-0.05%	–
BXMT	Exit	BLACKSTONE MTG TR INC	$0	–	-6,950	–	-0.05%	–
EPD	Exit	ENTERPRISE PRD PRTNRS LP	$0	–	-8,208	–	-0.06%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-3,280	–	-0.06%	–
NEA	Exit	NUVEEN AMT FREE MUN INCOME FD	$0	–	-22,000	–	-0.06%	–
GOOGL	Exit	ALPHABET INC CLASS A	$0	–	-252	–	-0.07%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-8,667	–	-0.07%	–
SO	Exit	THE SOUTHERN COMPANY	$0	–	-7,274	–	-0.07%	–
SUN	Exit	SUNOCO INC	$0	–	-11,000	–	-0.08%	–
QCOM	Exit	QUALCOMM INC	$0	–	-4,535	–	-0.08%	–
EGN	Exit	ENERGEN CORPORATION	$0	–	-4,200	–	-0.08%	–
IYW	Exit	ISHARES DOW JONES U.S. TECHNOL	$0	–	-1,860	–	-0.08%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-3,450	–	-0.09%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-6,433	–	-0.09%	–
AES	Exit	AES CORP	$0	–	-29,010	–	-0.09%	–
SCHW	Exit	THE CHARLES SCHWAB CORP	$0	–	-8,466	–	-0.10%	–
BCPC	Exit	BALCHEM CORP	$0	–	-3,855	–	-0.10%	–
SJM	Exit	SMUCKER J M CO	$0	–	-4,337	–	-0.10%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-22,220	–	-0.11%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-9,540	–	-0.12%	–
TAP	Exit	MOLSON COORS	$0	–	-8,603	–	-0.12%	–
MET	Exit	METLIFE INC	$0	–	-11,377	–	-0.12%	–
IFF	Exit	INTL FLAVOR & FRAGRANCES	$0	–	-3,900	–	-0.13%	–
RDSA	Exit	ROYAL DUTCH SHELL SPON ADR	$0	–	-8,140	–	-0.13%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-4,153	–	-0.14%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-5,202	–	-0.14%	–
JFBC	Exit	JEFFERSONVILLE BANCORP	$0	–	-30,006	–	-0.14%	–
ATRI	Exit	ATRION CORP	$0	–	-900	–	-0.14%	–
USB	Exit	US BANCORP DEL NEW	$0	–	-11,925	–	-0.15%	–
BP	Exit	BP PLC ADR	$0	–	-14,241	–	-0.15%	–
WMB	Exit	WILLIAMS COMPANIES	$0	–	-24,634	–	-0.16%	–
PPL	Exit	PPL CORPORATION	$0	–	-23,045	–	-0.16%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-3,750	–	-0.16%	–
CAT	Exit	CATERPILLAR INC	$0	–	-4,984	–	-0.18%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-15,032	–	-0.18%	–
FPL	Exit	NEXTERA ENERGY INC.	$0	–	-4,804	–	-0.19%	–
MDLZ	Exit	MONDELEZ INTL INC CL A	$0	–	-18,814	–	-0.19%	–
AGN	Exit	ALLERGAN PLC	$0	–	-4,451	–	-0.20%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-6,179	–	-0.20%	–
KMX	Exit	CARMAX INC	$0	–	-11,718	–	-0.20%	–
MTB	Exit	M & T BANK CORP	$0	–	-5,441	–	-0.21%	–
MCD	Exit	MCDONALDS CORP	$0	–	-5,410	–	-0.21%	–
EBAY	Exit	EBAY INC COM	$0	–	-27,932	–	-0.21%	–
V	Exit	VISA INC	$0	–	-6,475	–	-0.22%	–
LEN	Exit	LENNAR CORP	$0	–	-21,960	–	-0.24%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-2,274	–	-0.24%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-93,309	–	-0.24%	–
HAL	Exit	HALLIBURTON COMPANY	$0	–	-30,824	–	-0.29%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-11,630	–	-0.30%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-11,425	–	-0.30%	–
TD	Exit	TORONTO DOMINION BK	$0	–	-22,185	–	-0.31%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-3,995	–	-0.32%	–
BERK	Exit	BERKSHIRE BANCP INC DEL	$0	–	-108,320	–	-0.33%	–
OSK	Exit	OSHKOSH CORP	$0	–	-20,146	–	-0.33%	–
	Exit	ABBVIE INC COM	$0	–	-15,288	–	-0.34%	–
PKI	Exit	PERKINELMER INC	$0	–	-15,737	–	-0.36%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES NV	$0	–	-15,119	–	-0.36%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-5,072	–	-0.37%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-26,057	–	-0.38%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-17,718	–	-0.38%	–
DHR	Exit	DANAHER CORP	$0	–	-15,275	–	-0.38%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-22,876	–	-0.39%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-11,095	–	-0.39%	–
MS	Exit	MORGAN STANLEY	$0	–	-37,490	–	-0.40%	–
ESRX	Exit	EXPRESS SCRIPTS A	$0	–	-19,243	–	-0.42%	–
ENB	Exit	ENBRIDGE INC	$0	–	-58,113	–	-0.44%	–
PSX	Exit	PHILLIPS 66	$0	–	-16,867	–	-0.44%	–
CB	Exit	CHUBB CORPORATION	$0	–	-14,398	–	-0.45%	–
CELG	Exit	CELGENE CORP	$0	–	-21,898	–	-0.45%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-35,080	–	-0.46%	–
DG	Exit	DOLLAR GENERAL CORPORATION	$0	–	-18,322	–	-0.46%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-27,330	–	-0.46%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-26,876	–	-0.48%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-22,933	–	-0.50%	–
CSX	Exit	C S X CORP	$0	–	-30,269	–	-0.52%	–
AMT	Exit	AMERN TOWER CORP CLASS A	$0	–	-15,989	–	-0.54%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-29,670	–	-0.55%	–
MAS	Exit	MASCO CORP	$0	–	-65,582	–	-0.56%	–
AMGN	Exit	AMGEN INC COM	$0	–	-11,897	–	-0.57%	–
	Exit	3M COMPANY	$0	–	-12,205	–	-0.60%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-47,953	–	-0.61%	–
PNC	Exit	PNC FINANCIAL SERVICES	$0	–	-19,537	–	-0.62%	–
GLW	Exit	CORNING INC	$0	–	-76,127	–	-0.62%	–
HON	Exit	HONEYWELL INTERNATIONAL	$0	–	-16,588	–	-0.64%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-33,249	–	-0.64%	–
MRK	Exit	MERCK & CO INC	$0	–	-39,916	–	-0.66%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-55,064	–	-0.66%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-13,935	–	-0.67%	–
BBT	Exit	BB&T CORP	$0	–	-59,656	–	-0.67%	–
CVS	Exit	C V S CORP DEL	$0	–	-36,946	–	-0.67%	–
MMC	Exit	MARSH & MCLENNAN CO INC	$0	–	-37,393	–	-0.72%	–
T	Exit	AT & T INC	$0	–	-92,883	–	-0.72%	–
EL	Exit	ESTEE LAUDER COMPANIES INC	$0	–	-23,050	–	-0.78%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-14,998	–	-0.84%	–
BK	Exit	THE BANK OF NY MELLON CORP	$0	–	-78,234	–	-0.92%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-52,222	–	-0.94%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-48,180	–	-0.95%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-18,363	–	-0.96%	–
STI	Exit	SUNTRUST BANKS INC	$0	–	-63,143	–	-0.98%	–
DIS	Exit	DISNEY WALT HOLDING CO	$0	–	-36,099	–	-0.98%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-68,594	–	-1.02%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-30,412	–	-1.06%	–
RHT	Exit	RED HAT INC	$0	–	-34,067	–	-1.08%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-27,446	–	-1.08%	–
PFF	Exit	ISHARES TR S&P US PFD STK INDE	$0	–	-126,928	–	-1.09%	–
CVX	Exit	CHEVRONTEXACO CORP	$0	–	-43,561	–	-1.24%	–
AVGO	Exit	BROADCOM LTD	$0	–	-22,341	–	-1.28%	–
FB	Exit	FACEBOOK INC CL A	$0	–	-34,633	–	-1.32%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-107,533	–	-1.33%	–
BAC	Exit	BANKAMERICA CORP	$0	–	-196,310	–	-1.34%	–
INTC	Exit	INTEL CORP	$0	–	-122,863	–	-1.35%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-125,734	–	-1.42%	–
LLY	Exit	ELI LILLY & COMPANY	$0	–	-57,935	–	-1.44%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-24,351	–	-1.50%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-5,443	–	-1.51%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-60,690	–	-1.57%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-168,580	–	-1.72%	–
RMD	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-62,773	–	-1.81%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-92,401	–	-1.82%	–
STL	Exit	STERLING BANCORP DEL COM	$0	–	-363,251	–	-1.85%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-32,823	–	-2.06%	–
BA	Exit	BOEING CO	$0	–	-26,028	–	-2.24%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-70,964	–	-2.27%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC.	$0	–	-42,189	–	-2.39%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-93,565	–	-2.45%	–
AAPL	Exit	APPLE, INC.	$0	–	-46,902	–	-2.46%	–
HD	Exit	HOME DEPOT INC	$0	–	-68,094	–	-3.27%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-149,602	–	-3.41%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-140,522	–	-3.73%	–
OCBI	Exit	ORANGE CNTY BANCORP INC	$0	–	-840,397	–	-5.62%	–
ISRG	Exit	INTUITIVE SURGICAL INC NEW	$0	–	-48,518	–	-6.46%	–

Q3 2018

			Value		Shares		↓ Weighting
OCBI	Buy	ORANGE CNTY BANCORP INC	$24,245,000	+1.5%	840,397	+1.3%	5.62%	-4.3%
MSFT	Sell	MICROSOFT CORP	$16,071,000	+15.3%	140,522	-0.6%	3.73%	+8.7%
MDT	Buy	MEDTRONIC PLC	$14,716,000	+15.4%	149,602	+0.5%	3.41%	+8.9%
HD	Sell	HOME DEPOT INC	$14,106,000	+5.2%	68,094	-0.9%	3.27%	-0.8%
AAPL	Sell	APPLE, INC.	$10,588,000	+21.8%	46,902	-0.1%	2.46%	+14.9%
JPM	Sell	JP MORGAN CHASE & CO	$10,558,000	+7.5%	93,565	-0.7%	2.45%	+1.4%
TMO	Sell	THERMO FISHER SCIENTIFIC INC.	$10,297,000	+15.1%	42,189	-2.3%	2.39%	+8.5%
JNJ	Sell	JOHNSON & JOHNSON	$9,805,000	+10.8%	70,964	-2.7%	2.27%	+4.5%
BA	Sell	BOEING CO	$9,680,000	+8.2%	26,028	-2.4%	2.24%	+2.0%
ADBE	Sell	ADOBE SYSTEMS INC	$8,861,000	+9.8%	32,823	-0.8%	2.06%	+3.6%
STL	Sell	STERLING BANCORP DEL COM	$7,992,000	-6.4%	363,251	-0.1%	1.85%	-11.8%
XOM	Sell	EXXON MOBIL CORPORATION	$7,856,000	+1.7%	92,401	-1.1%	1.82%	-4.1%
RMD	Buy	ROYAL CARIBBEAN CRUISES LTD	$7,798,000	+23.5%	62,773	+3.0%	1.81%	+16.4%
PFE	Sell	PFIZER INCORPORATED	$7,429,000	+21.1%	168,580	-0.3%	1.72%	+14.3%
PEP	Sell	PEPSICO INCORPORATED	$6,785,000	-5.0%	60,690	-7.5%	1.57%	-10.4%
GOOG	Buy	ALPHABET INC CLASS C	$6,496,000	+2179.3%	5,443	+2059.9%	1.51%	+2051.4%
UNH	Sell	UNITED HEALTHCARE CORP	$6,478,000	+7.1%	24,351	-1.2%	1.50%	+1.0%
LLY	Buy	ELI LILLY & COMPANY	$6,217,000	+26.1%	57,935	+0.2%	1.44%	+18.9%
CSCO	Sell	CISCO SYSTEMS INC	$6,117,000	+10.9%	125,734	-1.9%	1.42%	+4.6%
INTC	Sell	INTEL CORP	$5,810,000	-6.6%	122,863	-1.8%	1.35%	-11.9%
BAC	Sell	BANKAMERICA CORP	$5,783,000	+3.3%	196,310	-1.1%	1.34%	-2.5%
VZ	Sell	VERIZON COMMUNICATIONS	$5,741,000	+5.9%	107,533	-0.2%	1.33%	-0.1%
FB	Buy	FACEBOOK INC CL A	$5,696,000	-13.7%	34,633	+2.0%	1.32%	-18.6%
AVGO	Sell	BROADCOM LTD	$5,512,000	-8.6%	22,341	-10.1%	1.28%	-13.8%
CVX	Sell	CHEVRONTEXACO CORP	$5,327,000	-4.4%	43,561	-1.2%	1.24%	-9.9%
PFF	Sell	ISHARES TR S&P US PFD STK INDE	$4,713,000	-2.2%	126,928	-0.7%	1.09%	-7.8%
HRS	Sell	HARRIS CORP DEL	$4,644,000	+15.1%	27,446	-1.7%	1.08%	+8.6%
RHT	Buy	RED HAT INC	$4,643,000	+1.8%	34,067	+0.3%	1.08%	-4.0%
ADP	Sell	AUTO DATA PROCESSING	$4,582,000	+10.7%	30,412	-1.4%	1.06%	+4.4%
DWDP	Sell	DOWDUPONT INC	$4,411,000	-4.6%	68,594	-2.2%	1.02%	-10.0%
DIS	Sell	DISNEY WALT HOLDING CO	$4,221,000	+8.8%	36,099	-2.5%	0.98%	+2.6%
STI	Sell	SUNTRUST BANKS INC	$4,217,000	+0.8%	63,143	-0.3%	0.98%	-4.9%
GS	Sell	GOLDMAN SACHS GROUP INC	$4,118,000	-0.5%	18,363	-2.1%	0.96%	-6.2%
NKE	Sell	NIKE INC CLASS B	$4,082,000	+3.8%	48,180	-2.4%	0.95%	-2.2%
COP	Buy	CONOCOPHILLIPS	$4,042,000	+13.3%	52,222	+1.9%	0.94%	+6.8%
BK	Sell	THE BANK OF NY MELLON CORP	$3,989,000	-7.1%	78,234	-1.8%	0.92%	-12.4%
FDX	Buy	FEDEX CORPORATION	$3,611,000	+6.6%	14,998	+0.5%	0.84%	+0.5%
EL	Sell	ESTEE LAUDER COMPANIES INC	$3,350,000	+1.3%	23,050	-0.6%	0.78%	-4.4%
T	Sell	AT & T INC	$3,119,000	+2.8%	92,883	-1.7%	0.72%	-3.1%
MMC	Buy	MARSH & MCLENNAN CO INC	$3,093,000	+1.3%	37,393	+0.4%	0.72%	-4.5%
CVS	Buy	C V S CORP DEL	$2,908,000	+52.3%	36,946	+24.6%	0.67%	+43.7%
BBT	Buy	BB&T CORP	$2,896,000	+27.6%	59,656	+32.5%	0.67%	+20.3%
RTN	Sell	RAYTHEON COMPANY NEW	$2,880,000	+3.8%	13,935	-3.0%	0.67%	-2.1%
ORCL	Sell	ORACLE CORPORATION	$2,839,000	+13.4%	55,064	-3.1%	0.66%	+7.0%
MRK	Buy	MERCK & CO INC	$2,832,000	+17.2%	39,916	+0.3%	0.66%	+10.6%
PG	Sell	PROCTER & GAMBLE CO	$2,767,000	+2.8%	33,249	-3.6%	0.64%	-3.0%
HON	Sell	HONEYWELL INTERNATIONAL	$2,760,000	+12.1%	16,588	-2.9%	0.64%	+5.8%
GLW	Sell	CORNING INC	$2,687,000	+15.0%	76,127	-10.4%	0.62%	+8.3%
PNC	Sell	PNC FINANCIAL SERVICES	$2,661,000	+0.2%	19,537	-0.6%	0.62%	-5.5%
KHC	Sell	KRAFT HEINZ CO	$2,643,000	-12.5%	47,953	-0.3%	0.61%	-17.5%
	Sell	3M COMPANY	$2,572,000	+3.1%	12,205	-3.7%	0.60%	-2.8%
AMGN	Sell	AMGEN INC COM	$2,466,000	+9.8%	11,897	-2.2%	0.57%	+3.6%
MAS	Sell	MASCO CORP	$2,400,000	-2.6%	65,582	-0.5%	0.56%	-8.3%
DUK	Buy	DUKE ENERGY CORPORATION	$2,374,000	+3.3%	29,670	+2.1%	0.55%	-2.7%
AMT	Sell	AMERN TOWER CORP CLASS A	$2,323,000	-23.8%	15,989	-24.4%	0.54%	-28.0%
CSX	Sell	C S X CORP	$2,241,000	-7.5%	30,269	-20.3%	0.52%	-12.6%
WMT	Sell	WAL-MART STORES INC	$2,154,000	+6.8%	22,933	-2.6%	0.50%	+0.6%
EMR	Sell	EMERSON ELECTRIC CO	$2,058,000	+9.4%	26,876	-1.2%	0.48%	+3.2%
DG	Buy	DOLLAR GENERAL CORPORATION	$2,003,000	+28.0%	18,322	+15.4%	0.46%	+20.5%
SYY	Sell	SYSCO CORPORATION	$2,002,000	+5.6%	27,330	-1.5%	0.46%	-0.4%
SBUX	Sell	STARBUCKS CORP	$1,994,000	+5.8%	35,080	-9.1%	0.46%	-0.2%
CELG	Sell	CELGENE CORP	$1,960,000	+12.6%	21,898	-0.0%	0.45%	+6.1%
CB	Sell	CHUBB CORPORATION	$1,924,000	-5.3%	14,398	-10.0%	0.45%	-10.8%
PSX	Sell	PHILLIPS 66	$1,901,000	-3.5%	16,867	-3.8%	0.44%	-8.9%
ENB	Buy	ENBRIDGE INC	$1,876,000	-5.9%	58,113	+4.1%	0.44%	-11.2%
ESRX	Sell	EXPRESS SCRIPTS A	$1,828,000	+18.7%	19,243	-3.5%	0.42%	+11.9%
MS	Buy	MORGAN STANLEY	$1,746,000	-0.5%	37,490	+1.3%	0.40%	-6.0%
IBM	Sell	INTL BUSINESS MACHINES	$1,678,000	+6.8%	11,095	-1.3%	0.39%	+0.8%
DHR	Buy	DANAHER CORP	$1,660,000	+661.5%	15,275	+269.7%	0.38%	+613.0%
LECO	Buy	LINCOLN ELEC HLDGS INC	$1,656,000	+7.1%	17,718	+0.6%	0.38%	+1.1%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,618,000	+10.6%	26,057	-1.4%	0.38%	+4.2%
NOC	Sell	NORTHROP GRUMMAN CORP	$1,610,000	+1.6%	5,072	-1.5%	0.37%	-4.1%
LYB	Buy	LYONDELLBASELL INDUSTRIES NV	$1,550,000	-5.5%	15,119	+1.2%	0.36%	-10.9%
PKI	Buy	PERKINELMER INC	$1,531,000	+35.4%	15,737	+1.9%	0.36%	+27.7%
	Sell	ABBVIE INC COM	$1,446,000	+1.6%	15,288	-0.5%	0.34%	-4.3%
OSK	Buy	OSHKOSH CORP	$1,435,000	+4.4%	20,146	+3.1%	0.33%	-1.5%
LMT	Sell	LOCKHEED MARTIN CORP	$1,382,000	+11.9%	3,995	-4.4%	0.32%	+5.3%
TD	Sell	TORONTO DOMINION BK	$1,349,000	-0.7%	22,185	-5.5%	0.31%	-6.3%
VLO	Sell	VALERO ENERGY CORP	$1,300,000	+2.0%	11,425	-0.7%	0.30%	-3.8%
CTXS	Sell	CITRIX SYSTEMS INC	$1,293,000	+1.7%	11,630	-4.1%	0.30%	-4.2%
HAL	Sell	HALLIBURTON COMPANY	$1,249,000	-13.0%	30,824	-3.2%	0.29%	-17.8%
GE	Buy	GENERAL ELECTRIC COMPANY	$1,053,000	-16.8%	93,309	+0.3%	0.24%	-21.5%
SHW	Sell	SHERWIN WILLIAMS CO	$1,035,000	+10.9%	2,274	-0.6%	0.24%	+4.8%
LEN	Buy	LENNAR CORP	$1,025,000	-9.9%	21,960	+1.4%	0.24%	-15.0%
V	New	VISA INC	$972,000	–	6,475	–	0.22%	–
EBAY	Sell	EBAY INC COM	$922,000	-15.9%	27,932	-7.6%	0.21%	-20.4%
MTB	Buy	M & T BANK CORP	$895,000	+230.3%	5,441	+241.1%	0.21%	+210.4%
KMX	Sell	CARMAX INC	$875,000	+2.3%	11,718	-0.1%	0.20%	-3.3%
UTX	Sell	UNITED TECHNOLOGIES CORP	$864,000	+8.1%	6,179	-3.4%	0.20%	+2.0%
AGN	Buy	ALLERGAN PLC	$848,000	+317.7%	4,451	+107.0%	0.20%	+294.0%
FPL	Buy	NEXTERA ENERGY INC.	$805,000	+0.4%	4,804	+0.0%	0.19%	-5.1%
MDLZ	Sell	MONDELEZ INTL INC CL A	$808,000	-7.3%	18,814	-11.5%	0.19%	-12.6%
WFC	Sell	WELLS FARGO & CO NEW	$790,000	-50.2%	15,032	-47.4%	0.18%	-53.1%
CAT	Sell	CATERPILLAR INC	$760,000	+2.2%	4,984	-9.1%	0.18%	-3.8%
NSC	Buy	NORFOLK SOUTHERN CORP	$677,000	+26.3%	3,750	+5.6%	0.16%	+18.9%
PPL	Sell	PPL CORPORATION	$674,000	+0.9%	23,045	-1.4%	0.16%	-4.9%
WMB	Buy	WILLIAMS COMPANIES	$670,000	+6.9%	24,634	+6.5%	0.16%	+0.6%
BP	Sell	BP PLC ADR	$657,000	-4.9%	14,241	-5.9%	0.15%	-10.6%
USB	Sell	US BANCORP DEL NEW	$630,000	+0.5%	11,925	-4.8%	0.15%	-5.2%
ITW	Sell	ILLINOIS TOOL WORKS INC	$586,000	-1.7%	4,153	-3.5%	0.14%	-7.5%
RDSA	Sell	ROYAL DUTCH SHELL SPON ADR	$555,000	-4.1%	8,140	-2.7%	0.13%	-9.2%
IFF	Sell	INTL FLAVOR & FRAGRANCES	$543,000	+5.6%	3,900	-6.0%	0.13%	0.0%
TAP	Buy	MOLSON COORS	$529,000	-5.7%	8,603	+4.3%	0.12%	-10.9%
MET	Sell	METLIFE INC	$532,000	-0.6%	11,377	-7.3%	0.12%	-6.8%
CAH	Sell	CARDINAL HEALTH INC	$515,000	+2.6%	9,540	-7.3%	0.12%	-3.3%
SJM	Buy	SMUCKER J M CO	$445,000	-0.2%	4,337	+4.6%	0.10%	-6.4%
AES	Buy	AES CORP	$406,000	+16.7%	29,010	+11.7%	0.09%	+9.3%
MO	Sell	ALTRIA GROUP INC	$388,000	-26.1%	6,433	-30.4%	0.09%	-30.2%
IYW	New	ISHARES DOW JONES U.S. TECHNOL	$361,000	–	1,860	–	0.08%	–
SO	Sell	THE SOUTHERN COMPANY	$317,000	-10.7%	7,274	-5.2%	0.07%	-14.9%
CMCSA	Sell	COMCAST CORP NEW CL A	$307,000	+3.4%	8,667	-4.1%	0.07%	-2.7%
GOOGL	Sell	ALPHABET INC CLASS A	$304,000	-59.2%	252	-94.4%	0.07%	-61.7%
EPD	Sell	ENTERPRISE PRD PRTNRS LP	$236,000	+3.5%	8,208	-0.4%	0.06%	-1.8%
CSWI	New	CSW INDUSTRIALS INC	$222,000	–	4,132	–	0.05%	–
ALB	New	ALBEMARLE CORP	$215,000	–	2,150	–	0.05%	–
AMLP	Sell	ALPS ALERIAN MLP ETF	$212,000	-96.6%	19,825	-21.8%	0.05%	-96.8%
IGM	New	ISHARES S&P NORTH AMERICAN TEC	$209,000	–	1,000	–	0.05%	–
GSK	Exit	GLAXOSMITHKLINE PLC ADR	$0	–	-5,136	–	-0.05%	–
LSI	Exit	LIFE STORAGE INC	$0	–	-2,135	–	-0.05%	–
EQT	Exit	EQT CORPORATION	$0	–	-3,750	–	-0.05%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,700	–	-0.05%	–
AMZN	Exit	AMAZON COM INC	$0	–	-136	–	-0.06%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-3,037	–	-0.06%	–
MXIM	Exit	MAXIM INTEGRATED PRODS	$0	–	-4,400	–	-0.06%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-4,588	–	-0.07%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-2,885	–	-0.08%	–
KO	Exit	COCA COLA COMPANY	$0	–	-8,049	–	-0.09%	–
AZO	Exit	AUTOZONE INC	$0	–	-564	–	-0.09%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-18,060	–	-0.44%	–

Q2 2018

			Value		Shares		↓ Weighting
OCBI	New	ORANGE CNTY BANCORP INC	$23,885,000	–	829,346	–	5.87%	–
ISRG	New	INTUITIVE SURGICAL INC NEW	$23,215,000	–	48,518	–	5.71%	–
MSFT	New	MICROSOFT CORP	$13,940,000	–	141,366	–	3.43%	–
HD	New	HOME DEPOT INC	$13,407,000	–	68,719	–	3.30%	–
MDT	New	MEDTRONIC PLC	$12,750,000	–	148,930	–	3.13%	–
JPM	New	JP MORGAN CHASE & CO	$9,822,000	–	94,266	–	2.42%	–
TMO	New	THERMO FISHER SCIENTIFIC INC.	$8,945,000	–	43,186	–	2.20%	–
BA	New	BOEING CO	$8,946,000	–	26,663	–	2.20%	–
JNJ	New	JOHNSON & JOHNSON	$8,847,000	–	72,912	–	2.18%	–
AAPL	New	APPLE, INC.	$8,693,000	–	46,962	–	2.14%	–
STL	New	STERLING BANCORP DEL COM	$8,542,000	–	363,491	–	2.10%	–
ADBE	New	ADOBE SYSTEMS INC	$8,069,000	–	33,095	–	1.98%	–
XOM	New	EXXON MOBIL CORPORATION	$7,727,000	–	93,405	–	1.90%	–
PEP	New	PEPSICO INCORPORATED	$7,143,000	–	65,615	–	1.76%	–
FB	New	FACEBOOK INC CL A	$6,600,000	–	33,963	–	1.62%	–
RMD	New	ROYAL CARIBBEAN CRUISES LTD	$6,316,000	–	60,974	–	1.55%	–
AMLP	New	ALPS ALERIAN MLP ETF	$6,304,000	–	25,345	–	1.55%	–
INTC	New	INTEL CORP	$6,221,000	–	125,148	–	1.53%	–
PFE	New	PFIZER INCORPORATED	$6,134,000	–	169,073	–	1.51%	–
UNH	New	UNITED HEALTHCARE CORP	$6,047,000	–	24,645	–	1.49%	–
AVGO	New	BROADCOM LTD	$6,031,000	–	24,854	–	1.48%	–
BAC	New	BANKAMERICA CORP	$5,596,000	–	198,495	–	1.38%	–
CVX	New	CHEVRONTEXACO CORP	$5,574,000	–	44,088	–	1.37%	–
CSCO	New	CISCO SYSTEMS INC	$5,517,000	–	128,214	–	1.36%	–
VZ	New	VERIZON COMMUNICATIONS	$5,419,000	–	107,717	–	1.33%	–
LLY	New	ELI LILLY & COMPANY	$4,932,000	–	57,803	–	1.21%	–
PFF	New	ISHARES TR S&P US PFD STK INDE	$4,820,000	–	127,820	–	1.18%	–
DWDP	New	DOWDUPONT INC	$4,624,000	–	70,140	–	1.14%	–
RHT	New	RED HAT INC	$4,563,000	–	33,960	–	1.12%	–
BK	New	THE BANK OF NY MELLON CORP	$4,295,000	–	79,649	–	1.06%	–
STI	New	SUNTRUST BANKS INC	$4,182,000	–	63,339	–	1.03%	–
GS	New	GOLDMAN SACHS GROUP INC	$4,139,000	–	18,763	–	1.02%	–
ADP	New	AUTO DATA PROCESSING	$4,138,000	–	30,852	–	1.02%	–
HRS	New	HARRIS CORP DEL	$4,036,000	–	27,926	–	0.99%	–
NKE	New	NIKE INC CLASS B	$3,932,000	–	49,350	–	0.97%	–
DIS	New	DISNEY WALT HOLDING CO	$3,880,000	–	37,018	–	0.95%	–
COP	New	CONOCOPHILLIPS	$3,569,000	–	51,260	–	0.88%	–
FDX	New	FEDEX CORPORATION	$3,387,000	–	14,916	–	0.83%	–
EL	New	ESTEE LAUDER COMPANIES INC	$3,308,000	–	23,180	–	0.81%	–
MMC	New	MARSH & MCLENNAN CO INC	$3,053,000	–	37,248	–	0.75%	–
AMT	New	AMERN TOWER CORP CLASS A	$3,047,000	–	21,137	–	0.75%	–
T	New	AT & T INC	$3,033,000	–	94,443	–	0.75%	–
KHC	New	KRAFT HEINZ CO	$3,021,000	–	48,090	–	0.74%	–
RTN	New	RAYTHEON COMPANY NEW	$2,775,000	–	14,365	–	0.68%	–
PG	New	PROCTER & GAMBLE CO	$2,691,000	–	34,474	–	0.66%	–
PNC	New	PNC FINANCIAL SERVICES	$2,655,000	–	19,652	–	0.65%	–
ORCL	New	ORACLE CORPORATION	$2,503,000	–	56,814	–	0.62%	–
	New	3M COMPANY	$2,494,000	–	12,678	–	0.61%	–
MAS	New	MASCO CORP	$2,465,000	–	65,882	–	0.61%	–
HON	New	HONEYWELL INTERNATIONAL	$2,461,000	–	17,084	–	0.60%	–
CSX	New	C S X CORP	$2,422,000	–	37,976	–	0.60%	–
MRK	New	MERCK & CO INC	$2,416,000	–	39,801	–	0.59%	–
GLW	New	CORNING INC	$2,337,000	–	84,962	–	0.58%	–
DUK	New	DUKE ENERGY CORPORATION	$2,299,000	–	29,070	–	0.56%	–
BBT	New	BB&T CORP	$2,270,000	–	45,008	–	0.56%	–
AMGN	New	AMGEN INC COM	$2,246,000	–	12,166	–	0.55%	–
CB	New	CHUBB CORPORATION	$2,032,000	–	15,998	–	0.50%	–
WMT	New	WAL-MART STORES INC	$2,016,000	–	23,536	–	0.50%	–
ENB	New	ENBRIDGE INC	$1,993,000	–	55,850	–	0.49%	–
PSX	New	PHILLIPS 66	$1,970,000	–	17,542	–	0.48%	–
CVS	New	C V S CORP DEL	$1,909,000	–	29,663	–	0.47%	–
SYY	New	SYSCO CORPORATION	$1,895,000	–	27,755	–	0.47%	–
SBUX	New	STARBUCKS CORP	$1,884,000	–	38,575	–	0.46%	–
EMR	New	EMERSON ELECTRIC CO	$1,881,000	–	27,212	–	0.46%	–
DRI	New	DARDEN RESTAURANTS INC	$1,809,000	–	18,060	–	0.44%	–
MS	New	MORGAN STANLEY	$1,754,000	–	37,007	–	0.43%	–
CELG	New	CELGENE CORP	$1,740,000	–	21,903	–	0.43%	–
LYB	New	LYONDELLBASELL INDUSTRIES NV	$1,641,000	–	14,936	–	0.40%	–
WFC	New	WELLS FARGO & CO NEW	$1,585,000	–	28,581	–	0.39%	–
NOC	New	NORTHROP GRUMMAN CORP	$1,584,000	–	5,147	–	0.39%	–
IBM	New	INTL BUSINESS MACHINES	$1,571,000	–	11,245	–	0.39%	–
DG	New	DOLLAR GENERAL CORPORATION	$1,565,000	–	15,877	–	0.38%	–
LECO	New	LINCOLN ELEC HLDGS INC	$1,546,000	–	17,618	–	0.38%	–
ESRX	New	EXPRESS SCRIPTS A	$1,540,000	–	19,943	–	0.38%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,463,000	–	26,428	–	0.36%	–
HAL	New	HALLIBURTON COMPANY	$1,435,000	–	31,849	–	0.35%	–
	New	ABBVIE INC COM	$1,423,000	–	15,363	–	0.35%	–
BERK	New	BERKSHIRE BANCP INC DEL	$1,408,000	–	108,320	–	0.35%	–
ABT	New	ABBOTT LABORATORIES	$1,395,000	–	22,876	–	0.34%	–
OSK	New	OSHKOSH CORP	$1,374,000	–	19,536	–	0.34%	–
TD	New	TORONTO DOMINION BK	$1,358,000	–	23,472	–	0.33%	–
VLO	New	VALERO ENERGY CORP	$1,275,000	–	11,505	–	0.31%	–
CTXS	New	CITRIX SYSTEMS INC	$1,272,000	–	12,130	–	0.31%	–
GE	New	GENERAL ELECTRIC COMPANY	$1,266,000	–	93,038	–	0.31%	–
LMT	New	LOCKHEED MARTIN CORP	$1,235,000	–	4,180	–	0.30%	–
LEN	New	LENNAR CORP	$1,137,000	–	21,665	–	0.28%	–
PKI	New	PERKINELMER INC	$1,131,000	–	15,442	–	0.28%	–
EBAY	New	EBAY INC COM	$1,096,000	–	30,222	–	0.27%	–
SHW	New	SHERWIN WILLIAMS CO	$933,000	–	2,288	–	0.23%	–
MDLZ	New	MONDELEZ INTL INC CL A	$872,000	–	21,267	–	0.21%	–
KMX	New	CARMAX INC	$855,000	–	11,733	–	0.21%	–
MCD	New	MCDONALDS CORP	$848,000	–	5,410	–	0.21%	–
FPL	New	NEXTERA ENERGY INC.	$802,000	–	4,803	–	0.20%	–
UTX	New	UNITED TECHNOLOGIES CORP	$799,000	–	6,394	–	0.20%	–
CAT	New	CATERPILLAR INC	$744,000	–	5,484	–	0.18%	–
GOOGL	New	ALPHABET INC CLASS A	$746,000	–	4,476	–	0.18%	–
BP	New	BP PLC ADR	$691,000	–	15,141	–	0.17%	–
PPL	New	PPL CORPORATION	$668,000	–	23,381	–	0.16%	–
USB	New	US BANCORP DEL NEW	$627,000	–	12,525	–	0.15%	–
WMB	New	WILLIAMS COMPANIES	$627,000	–	23,138	–	0.15%	–
ITW	New	ILLINOIS TOOL WORKS INC	$596,000	–	4,303	–	0.15%	–
RDSA	New	ROYAL DUTCH SHELL SPON ADR	$579,000	–	8,365	–	0.14%	–
TAP	New	MOLSON COORS	$561,000	–	8,248	–	0.14%	–
ATRI	New	ATRION CORP	$539,000	–	900	–	0.13%	–
MET	New	METLIFE INC	$535,000	–	12,267	–	0.13%	–
NSC	New	NORFOLK SOUTHERN CORP	$536,000	–	3,550	–	0.13%	–
JFBC	New	JEFFERSONVILLE BANCORP	$527,000	–	30,006	–	0.13%	–
MO	New	ALTRIA GROUP INC	$525,000	–	9,243	–	0.13%	–
IFF	New	INTL FLAVOR & FRAGRANCES	$514,000	–	4,150	–	0.13%	–
CAH	New	CARDINAL HEALTH INC	$502,000	–	10,290	–	0.12%	–
LOW	New	LOWES COMPANIES INC	$497,000	–	5,202	–	0.12%	–
CMC	New	COMMERCIAL METALS CO	$469,000	–	22,220	–	0.12%	–
SJM	New	SMUCKER J M CO	$446,000	–	4,145	–	0.11%	–
SCHW	New	THE CHARLES SCHWAB CORP	$433,000	–	8,466	–	0.11%	–
TROW	New	PRICE T ROWE GROUP INC	$401,000	–	3,450	–	0.10%	–
BCPC	New	BALCHEM CORP	$378,000	–	3,855	–	0.09%	–
AZO	New	AUTOZONE INC	$378,000	–	564	–	0.09%	–
KO	New	COCA COLA COMPANY	$353,000	–	8,049	–	0.09%	–
SO	New	THE SOUTHERN COMPANY	$355,000	–	7,674	–	0.09%	–
AES	New	AES CORP	$348,000	–	25,971	–	0.09%	–
EGN	New	ENERGEN CORPORATION	$306,000	–	4,200	–	0.08%	–
KMB	New	KIMBERLY-CLARK CORP	$304,000	–	2,885	–	0.08%	–
CL	New	COLGATE-PALMOLIVE CO	$297,000	–	4,588	–	0.07%	–
CMCSA	New	COMCAST CORP NEW CL A	$297,000	–	9,042	–	0.07%	–
NEA	New	NUVEEN AMT FREE MUN INCOME FD	$286,000	–	22,000	–	0.07%	–
GOOG	New	ALPHABET INC CLASS C	$285,000	–	252	–	0.07%	–
SUN	New	SUNOCO INC	$275,000	–	11,000	–	0.07%	–
MTB	New	M & T BANK CORP	$271,000	–	1,595	–	0.07%	–
QCOM	New	QUALCOMM INC	$255,000	–	4,535	–	0.06%	–
MXIM	New	MAXIM INTEGRATED PRODS	$258,000	–	4,400	–	0.06%	–
ED	New	CONSOLIDATED EDISON INC	$237,000	–	3,037	–	0.06%	–
GILD	New	GILEAD SCIENCES INC	$232,000	–	3,280	–	0.06%	–
AMZN	New	AMAZON COM INC	$231,000	–	136	–	0.06%	–
EPD	New	ENTERPRISE PRD PRTNRS LP	$228,000	–	8,244	–	0.06%	–
PM	New	PHILIP MORRIS INTL INC	$218,000	–	2,700	–	0.05%	–
BXMT	New	BLACKSTONE MTG TR INC	$218,000	–	6,950	–	0.05%	–
DHR	New	DANAHER CORP	$218,000	–	4,132	–	0.05%	–
LSI	New	LIFE STORAGE INC	$208,000	–	2,135	–	0.05%	–
GSK	New	GLAXOSMITHKLINE PLC ADR	$207,000	–	5,136	–	0.05%	–
EQT	New	EQT CORPORATION	$207,000	–	3,750	–	0.05%	–
AGN	New	ALLERGAN PLC	$203,000	–	2,150	–	0.05%	–
TWO	New	TWO HBRS INVT CORP COM	$203,000	–	12,850	–	0.05%	–
NRZ	New	NEW RESIDENTIAL INVT	$198,000	–	11,300	–	0.05%	–
NMZ	New	NUVEEN MUN HIGH INCOME OPP FD	$127,000	–	10,000	–	0.03%	–
MEN	New	BLACKROCK MUNIENHANCED FD INC	$120,000	–	11,400	–	0.03%	–
AINV	New	APOLLO INVT CORP	$111,000	–	20,000	–	0.03%	–
BKCC	New	BLACKROCK CAPITAL INVESTMENT C	$99,000	–	17,000	–	0.02%	–
ATHX	New	ATHERSYS INC	$44,000	–	22,500	–	0.01%	–
WDDD	New	WOLDS INC	$35,000	–	120,000	–	0.01%	–
RNN	New	REXAHN PHARMACEUTICALS INC	$28,000	–	20,000	–	0.01%	–
AIMG	New	AIMGLOBAL TECHNOLOGIES INC	$20,000	–	20,000	–	0.01%	–
ASPR	New	ADSOUTH PARTNERS INC	$0	–	10,001	–	0.00%	–
WMNS	New	WESTMONT RESOURCES INC	$0	–	30,000	–	0.00%	–
BRWC	New	BOREAL WATER COLLECTION INC CO	$0	–	35,700	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
ASPR	Exit	ADSOUTH PARTNERS INC	$0	–	-10,001	–	0.00%	–
CBI	Exit	CHIMERA ENERGY CORP COM	$0	–	-16,600	–	0.00%	–
WDDD	Exit	WOLDS INC	$0	–	-600,000	–	-0.01%	–
WMNS	Exit	WESTMONT RESOURCES INC	$0	–	-30,000	–	-0.01%	–
BRWC	Exit	BOREAL WATER COLLECTION INC CO	$0	–	-35,700	–	-0.01%	–
AIMG	Exit	AIMGLOBAL TECHNOLOGIES INC	$0	–	-41,000	–	-0.01%	–
RNN	Exit	REXAHN PHARMACEUTICALS INC	$0	–	-20,000	–	-0.01%	–
ATHX	Exit	ATHERSYS INC	$0	–	-22,500	–	-0.01%	–
NRZ	Exit	NEW RESIDENTIAL INVT	$0	–	-11,300	–	-0.05%	–
AES	Exit	AES CORP	$0	–	-19,105	–	-0.06%	–
BXMT	Exit	BLACKSTONE MTG TR INC	$0	–	-6,950	–	-0.06%	–
JCI	Exit	JOHNSON CONTROLS INTERNATIONAL	$0	–	-5,666	–	-0.06%	–
AMLP	Exit	ALPS ALERIAN MLP ETF	$0	–	-20,125	–	-0.06%	–
EGN	Exit	ENERGEN CORPORATION	$0	–	-4,200	–	-0.06%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-2,880	–	-0.06%	–
GSK	Exit	GLAXOSMITHKLINE PLC ADR	$0	–	-5,883	–	-0.06%	–
EPD	Exit	ENTERPRISE PRD PRTNRS LP	$0	–	-9,366	–	-0.06%	–
EQT	Exit	EQT CORPORATION	$0	–	-3,750	–	-0.06%	–
	Exit	GREATER HUDSON BANK NA	$0	–	-7,473	–	-0.06%	–
MXIM	Exit	MAXIM INTEGRATED PRODS	$0	–	-5,200	–	-0.06%	–
QCOM	Exit	QUALCOMM INC	$0	–	-4,753	–	-0.06%	–
MTB	Exit	M & T BANK CORP	$0	–	-1,645	–	-0.07%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-2,150	–	-0.08%	–
AZO	Exit	AUTOZONE INC	$0	–	-493	–	-0.08%	–
SUN	Exit	SUNOCO INC	$0	–	-9,700	–	-0.08%	–
NEA	Exit	NUVEEN AMT FREE MUN INCOME FD	$0	–	-22,000	–	-0.08%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-3,875	–	-0.08%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,739	–	-0.08%	–
BCPC	Exit	BALCHEM CORP	$0	–	-4,080	–	-0.09%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-3,700	–	-0.09%	–
IYW	Exit	ISHARES TR DOW JONES US TECH S	$0	–	-2,225	–	-0.09%	–
TWO	Exit	TWO HBRS INVT CORP COM	$0	–	-35,700	–	-0.09%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-5,263	–	-0.10%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-9,942	–	-0.10%	–
WMB	Exit	WILLIAMS COMPANIES	$0	–	-13,208	–	-0.10%	–
SCHW	Exit	THE CHARLES SCHWAB CORP	$0	–	-9,196	–	-0.10%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-3,470	–	-0.11%	–
SO	Exit	THE SOUTHERN COMPANY	$0	–	-8,464	–	-0.11%	–
KO	Exit	COCA COLA COMPANY	$0	–	-9,288	–	-0.11%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-5,315	–	-0.11%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-3,250	–	-0.11%	–
JFBC	Exit	JEFFERSONVILLE BANCORP	$0	–	-30,006	–	-0.12%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-24,295	–	-0.12%	–
RDSA	Exit	ROYAL DUTCH SHELL SPON ADR	$0	–	-8,915	–	-0.14%	–
BP	Exit	BP PLC ADR	$0	–	-14,454	–	-0.14%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-6,920	–	-0.14%	–
TAP	Exit	MOLSON COORS	$0	–	-7,260	–	-0.15%	–
ATRI	Exit	ATRION CORP	$0	–	-900	–	-0.16%	–
CAT	Exit	CATERPILLAR INC	$0	–	-5,239	–	-0.17%	–
IFF	Exit	INTL FLAVOR & FRAGRANCES	$0	–	-4,605	–	-0.17%	–
EBAY	Exit	EBAY INC COM	$0	–	-17,788	–	-0.18%	–
PPL	Exit	PPL CORPORATION	$0	–	-18,079	–	-0.18%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-6,074	–	-0.18%	–
KMX	Exit	CARMAX INC	$0	–	-9,393	–	-0.18%	–
FPL	Exit	NEXTERA ENERGY INC.	$0	–	-4,844	–	-0.18%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-4,963	–	-0.19%	–
MET	Exit	METLIFE INC	$0	–	-14,093	–	-0.19%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-2,089	–	-0.19%	–
DHR	Exit	DANAHER CORP	$0	–	-8,881	–	-0.20%	–
USB	Exit	US BANCORP DEL NEW	$0	–	-14,500	–	-0.20%	–
PKI	Exit	PERKINELMER INC	$0	–	-11,227	–	-0.20%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-11,700	–	-0.20%	–
LEN	Exit	LENNAR CORP	$0	–	-16,355	–	-0.22%	–
MCD	Exit	MCDONALDS CORP	$0	–	-5,629	–	-0.23%	–
MDLZ	Exit	MONDELEZ INTL INC CL A	$0	–	-23,215	–	-0.24%	–
PCN	Exit	PIMCO CORPORATE INCOME STRAT	$0	–	-8,155	–	-0.25%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-12,915	–	-0.26%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-13,550	–	-0.27%	–
EL	Exit	ESTEE LAUDER COMPANIES INC	$0	–	-9,975	–	-0.28%	–
	Exit	TIME WARNER INC	$0	–	-11,074	–	-0.29%	–
SJM	Exit	SMUCKER J M CO	$0	–	-11,178	–	-0.30%	–
DG	Exit	DOLLAR GENERAL CORPORATION	$0	–	-15,233	–	-0.32%	–
BERK	Exit	BERKSHIRE BANCP INC DEL	$0	–	-108,320	–	-0.32%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-13,680	–	-0.32%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-20,240	–	-0.33%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-24,323	–	-0.34%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES NV	$0	–	-13,345	–	-0.34%	–
ESRX	Exit	EXPRESS SCRIPTS A	$0	–	-21,410	–	-0.35%	–
OSK	Exit	OSHKOSH CORP	$0	–	-16,683	–	-0.36%	–
TD	Exit	TORONTO DOMINION BK	$0	–	-25,201	–	-0.37%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-4,597	–	-0.37%	–
	Exit	ABBVIE INC COM	$0	–	-16,467	–	-0.38%	–
MS	Exit	MORGAN STANLEY	$0	–	-30,954	–	-0.39%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-5,225	–	-0.39%	–
HAL	Exit	HALLIBURTON COMPANY	$0	–	-33,649	–	-0.40%	–
CSX	Exit	C S X CORP	$0	–	-29,636	–	-0.42%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-11,127	–	-0.42%	–
AGN	Exit	ALLERGAN PLC	$0	–	-7,912	–	-0.42%	–
PSX	Exit	PHILLIPS 66	$0	–	-17,727	–	-0.42%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-30,990	–	-0.43%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-22,593	–	-0.46%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-28,227	–	-0.46%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-28,818	–	-0.48%	–
HON	Exit	HONEYWELL INTERNATIONAL	$0	–	-13,210	–	-0.48%	–
PNC	Exit	PNC FINANCIAL SERVICES	$0	–	-19,212	–	-0.52%	–
AMGN	Exit	AMGEN INC COM	$0	–	-10,972	–	-0.53%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-41,242	–	-0.54%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-24,977	–	-0.54%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-42,150	–	-0.59%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-46,062	–	-0.62%	–
AMT	Exit	AMERN TOWER CORP CLASS A	$0	–	-18,336	–	-0.65%	–
MAS	Exit	MASCO CORP	$0	–	-65,082	–	-0.66%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-11,440	–	-0.67%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-15,270	–	-0.74%	–
MMC	Exit	MARSH & MCLENNAN CO INC	$0	–	-33,991	–	-0.74%	–
	Exit	3M COMPANY	$0	–	-16,878	–	-0.74%	–
ENB	Exit	ENBRIDGE INC	$0	–	-69,430	–	-0.75%	–
CVS	Exit	C V S CORP DEL	$0	–	-35,783	–	-0.75%	–
GLW	Exit	CORNING INC	$0	–	-97,827	–	-0.76%	–
CB	Exit	CHUBB CORPORATION	$0	–	-20,742	–	-0.77%	–
RHT	Exit	RED HAT INC	$0	–	-29,260	–	-0.84%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-69,288	–	-0.87%	–
T	Exit	AT & T INC	$0	–	-85,672	–	-0.87%	–
CELG	Exit	CELGENE CORP	$0	–	-23,571	–	-0.89%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-26,413	–	-0.90%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-32,222	–	-0.91%	–
DIS	Exit	DISNEY WALT HOLDING CO	$0	–	-36,939	–	-0.94%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-40,264	–	-0.95%	–
STI	Exit	SUNTRUST BANKS INC	$0	–	-61,594	–	-0.95%	–
PFF	Exit	ISHARES TR S&P US PFD STK INDE	$0	–	-102,028	–	-1.03%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-20,615	–	-1.05%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-17,200	–	-1.06%	–
MRK	Exit	MERCK & CO INC	$0	–	-64,852	–	-1.08%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-54,687	–	-1.10%	–
BK	Exit	THE BANK OF NY MELLON CORP	$0	–	-81,596	–	-1.12%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-30,136	–	-1.16%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-4,718	–	-1.17%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-188,929	–	-1.18%	–
BAC	Exit	BANKAMERICA CORP	$0	–	-182,847	–	-1.20%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-138,625	–	-1.21%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-69,060	–	-1.24%	–
LLY	Exit	ELI LILLY & COMPANY	$0	–	-55,948	–	-1.24%	–
AVGO	Exit	BROADCOM LTD	$0	–	-20,704	–	-1.30%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-103,261	–	-1.32%	–
INTC	Exit	INTEL CORP	$0	–	-137,593	–	-1.36%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-97,230	–	-1.39%	–
FB	Exit	FACEBOOK INC CL A	$0	–	-32,058	–	-1.42%	–
CVX	Exit	CHEVRONTEXACO CORP	$0	–	-47,839	–	-1.46%	–
RMD	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-57,764	–	-1.50%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-168,161	–	-1.56%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-63,598	–	-1.84%	–
AAPL	Exit	APPLE, INC.	$0	–	-47,163	–	-1.88%	–
BA	Exit	BOEING CO	$0	–	-29,383	–	-1.94%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-93,343	–	-1.98%	–
TMO	Exit	THERMO ELECTRON CORP	$0	–	-42,638	–	-2.09%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-96,314	–	-2.38%	–
STL	Exit	STERLING BANCORP DEL COM	$0	–	-382,190	–	-2.44%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-77,577	–	-2.61%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-145,137	–	-2.80%	–
HD	Exit	HOME DEPOT INC	$0	–	-70,237	–	-2.98%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-162,636	–	-3.28%	–
ISRG	Exit	INTUITIVE SURGICAL INC NEW	$0	–	-17,330	–	-4.70%	–
OCBI	Exit	ORANGE CNTY BANCORP INC	$0	–	-479,871	–	-6.69%	–

Q3 2017

			Value		Shares		↓ Weighting
ISRG	Sell	INTUITIVE SURGICAL INC NEW	$18,125,000	+8.1%	17,330	-3.3%	4.70%	+1.6%
MDT	Sell	MEDTRONIC PLC	$12,648,000	-13.4%	162,636	-1.1%	3.28%	-18.5%
HD	Buy	HOME DEPOT INC	$11,488,000	+7.1%	70,237	+0.5%	2.98%	+0.7%
MSFT	Sell	MICROSOFT CORP	$10,811,000	+7.9%	145,137	-0.2%	2.80%	+1.5%
JNJ	Sell	JOHNSON & JOHNSON	$10,086,000	-3.8%	77,577	-2.1%	2.61%	-9.5%
STL	Sell	STERLING BANCORP DEL COM	$9,421,000	+5.6%	382,190	-0.4%	2.44%	-0.7%
JPM	Buy	JP MORGAN CHASE & CO	$9,199,000	+5.1%	96,314	+0.5%	2.38%	-1.2%
TMO	Sell	THERMO ELECTRON CORP	$8,067,000	+5.9%	42,638	-2.3%	2.09%	-0.4%
XOM	Sell	EXXON MOBIL CORPORATION	$7,652,000	+1.1%	93,343	-0.4%	1.98%	-4.9%
BA	Buy	BOEING CO	$7,470,000	+54.6%	29,383	+20.3%	1.94%	+45.4%
AAPL	Buy	APPLE, INC.	$7,269,000	+39.7%	47,163	+30.5%	1.88%	+31.4%
PEP	Buy	PEPSICO INCORPORATED	$7,087,000	+32.8%	63,598	+37.6%	1.84%	+24.9%
PFE	Sell	PFIZER INCORPORATED	$6,003,000	+4.5%	168,161	-1.7%	1.56%	-1.7%
RMD	Sell	ROYAL CARIBBEAN CRUISES LTD	$5,778,000	+4.2%	57,764	-1.4%	1.50%	-2.0%
CVX	Sell	CHEVRONTEXACO CORP	$5,621,000	+12.0%	47,839	-0.5%	1.46%	+5.4%
FB	Buy	FACEBOOK INC CL A	$5,478,000	+14.4%	32,058	+1.1%	1.42%	+7.6%
WFC	Sell	WELLS FARGO & CO NEW	$5,362,000	-1.4%	97,230	-0.9%	1.39%	-7.3%
INTC	Sell	INTEL CORP	$5,240,000	+0.9%	137,593	-10.6%	1.36%	-5.1%
VZ	Buy	VERIZON COMMUNICATIONS	$5,110,000	+11.4%	103,261	+0.5%	1.32%	+4.8%
AVGO	Buy	BROADCOM LTD	$5,022,000	+46.8%	20,704	+41.0%	1.30%	+38.1%
LLY	Buy	ELI LILLY & COMPANY	$4,786,000	+4.7%	55,948	+0.7%	1.24%	-1.5%
DWDP	New	DOWDUPONT INC	$4,781,000	–	69,060	–	1.24%	–
CSCO	Sell	CISCO SYSTEMS INC	$4,662,000	+3.2%	138,625	-3.9%	1.21%	-2.9%
BAC	Buy	BANKAMERICA CORP	$4,633,000	+7.0%	182,847	+2.5%	1.20%	+0.7%
GE	Sell	GENERAL ELECTRIC COMPANY	$4,568,000	-24.7%	188,929	-15.9%	1.18%	-29.2%
GOOG	Buy	ALPHABET INC CLASS C	$4,525,000	+6.9%	4,718	+1.3%	1.17%	+0.5%
ADBE	Buy	ADOBE SYSTEMS INC	$4,496,000	+7.1%	30,136	+1.6%	1.16%	+0.8%
BK	Sell	THE BANK OF NY MELLON CORP	$4,326,000	+3.1%	81,596	-0.7%	1.12%	-2.9%
KHC	Buy	KRAFT HEINZ CO	$4,241,000	-7.9%	54,687	+1.7%	1.10%	-13.3%
MRK	Sell	MERCK & CO INC	$4,152,000	-2.8%	64,852	-2.7%	1.08%	-8.5%
GS	Sell	GOLDMAN SACHS GROUP INC	$4,080,000	+4.3%	17,200	-2.4%	1.06%	-1.9%
UNH	Buy	UNITED HEALTHCARE CORP	$4,037,000	+7.6%	20,615	+1.8%	1.05%	+1.2%
PFF	Buy	ISHARES TR S&P US PFD STK INDE	$3,960,000	+13.3%	102,028	+14.4%	1.03%	+6.7%
STI	Sell	SUNTRUST BANKS INC	$3,681,000	+5.1%	61,594	-0.2%	0.95%	-1.0%
PG	Sell	PROCTER & GAMBLE CO	$3,663,000	+2.2%	40,264	-2.1%	0.95%	-3.9%
DIS	Buy	DISNEY WALT HOLDING CO	$3,641,000	-6.7%	36,939	+0.6%	0.94%	-12.2%
ADP	Sell	AUTO DATA PROCESSING	$3,523,000	+6.1%	32,222	-0.6%	0.91%	-0.2%
HRS	Buy	HARRIS CORP DEL	$3,478,000	+23.6%	26,413	+2.4%	0.90%	+16.3%
CELG	Buy	CELGENE CORP	$3,437,000	+15.8%	23,571	+3.1%	0.89%	+8.8%
T	Buy	AT & T INC	$3,356,000	+5.2%	85,672	+1.4%	0.87%	-1.0%
ORCL	Sell	ORACLE CORPORATION	$3,350,000	-4.7%	69,288	-1.2%	0.87%	-10.3%
RHT	Sell	RED HAT INC	$3,244,000	+14.1%	29,260	-1.4%	0.84%	+7.3%
CB	Sell	CHUBB CORPORATION	$2,957,000	-2.8%	20,742	-0.8%	0.77%	-8.6%
GLW	Sell	CORNING INC	$2,927,000	-2.5%	97,827	-2.1%	0.76%	-8.3%
CVS	Sell	C V S CORP DEL	$2,910,000	-9.6%	35,783	-10.6%	0.75%	-15.0%
ENB	Sell	ENBRIDGE INC	$2,905,000	+4.7%	69,430	-0.4%	0.75%	-1.4%
	Buy	3M COMPANY	$2,855,000	+4.4%	16,878	+28.5%	0.74%	-1.7%
RTN	Buy	RAYTHEON COMPANY NEW	$2,849,000	+17.6%	15,270	+1.8%	0.74%	+10.6%
MMC	Buy	MARSH & MCLENNAN CO INC	$2,849,000	+11.0%	33,991	+3.2%	0.74%	+4.4%
FDX	Buy	FEDEX CORPORATION	$2,581,000	+9.4%	11,440	+5.3%	0.67%	+2.9%
MAS	Buy	MASCO CORP	$2,539,000	+3.7%	65,082	+1.5%	0.66%	-2.5%
AMT	Buy	AMERN TOWER CORP CLASS A	$2,506,000	+7.1%	18,336	+3.7%	0.65%	+0.8%
NKE	Buy	NIKE INC CLASS B	$2,388,000	-9.1%	46,062	+3.4%	0.62%	-14.5%
SBUX	Sell	STARBUCKS CORP	$2,264,000	-10.3%	42,150	-2.6%	0.59%	-15.7%
DUK	Buy	DUKE ENERGY CORPORATION	$2,096,000	+4.6%	24,977	+4.2%	0.54%	-1.6%
COP	Sell	CONOCOPHILLIPS	$2,064,000	+13.7%	41,242	-0.2%	0.54%	+7.0%
AMGN	Buy	AMGEN INC COM	$2,046,000	+8.4%	10,972	+0.1%	0.53%	+1.9%
PNC	Sell	PNC FINANCIAL SERVICES	$2,013,000	-20.3%	19,212	-5.0%	0.52%	-25.1%
HON	Buy	HONEYWELL INTERNATIONAL	$1,872,000	+32.1%	13,210	+24.3%	0.48%	+24.4%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$1,837,000	+21.1%	28,818	+5.9%	0.48%	+13.9%
EMR	Sell	EMERSON ELECTRIC CO	$1,774,000	+5.2%	28,227	-0.3%	0.46%	-1.1%
WMT	Buy	WAL-MART STORES INC	$1,765,000	+5.3%	22,593	+2.0%	0.46%	-1.1%
SYY	Sell	SYSCO CORPORATION	$1,672,000	-4.2%	30,990	-10.6%	0.43%	-10.0%
PSX	Buy	PHILLIPS 66	$1,624,000	+10.9%	17,727	+0.1%	0.42%	+4.5%
AGN	Sell	ALLERGAN PLC	$1,622,000	-23.1%	7,912	-8.8%	0.42%	-27.7%
IBM	Buy	INTL BUSINESS MACHINES	$1,614,000	-0.9%	11,127	+5.1%	0.42%	-6.7%
CSX	Sell	C S X CORP	$1,608,000	-3.4%	29,636	-2.8%	0.42%	-9.0%
HAL	Sell	HALLIBURTON COMPANY	$1,549,000	+6.0%	33,649	-1.7%	0.40%	-0.5%
NOC	Sell	NORTHROP GRUMMAN CORP	$1,503,000	+11.8%	5,225	-0.2%	0.39%	+5.1%
MS	Buy	MORGAN STANLEY	$1,491,000	+9.6%	30,954	+1.4%	0.39%	+2.9%
	Sell	ABBVIE INC COM	$1,463,000	+21.0%	16,467	-1.3%	0.38%	+13.8%
LMT	Buy	LOCKHEED MARTIN CORP	$1,426,000	+11.8%	4,597	+0.1%	0.37%	+5.1%
OSK	Sell	OSHKOSH CORP	$1,377,000	+15.6%	16,683	-3.6%	0.36%	+8.8%
ESRX	Sell	EXPRESS SCRIPTS A	$1,356,000	-9.9%	21,410	-9.2%	0.35%	-15.4%
LYB	Buy	LYONDELLBASELL INDUSTRIES NV	$1,322,000	+64.0%	13,345	+39.8%	0.34%	+54.1%
MO	Sell	ALTRIA GROUP INC	$1,284,000	-18.8%	20,240	-4.7%	0.33%	-23.6%
LECO	Buy	LINCOLN ELEC HLDGS INC	$1,254,000	+0.2%	13,680	+0.6%	0.32%	-5.8%
BERK	Sell	BERKSHIRE BANCP INC DEL	$1,251,000	+11.7%	108,320	-1.8%	0.32%	+5.2%
DG	Sell	DOLLAR GENERAL CORPORATION	$1,235,000	+3.2%	15,233	-8.2%	0.32%	-3.0%
SJM	Sell	SMUCKER J M CO	$1,173,000	-28.5%	11,178	-19.4%	0.30%	-32.7%
	Sell	TIME WARNER INC	$1,135,000	-0.2%	11,074	-2.2%	0.29%	-6.1%
EL	Buy	ESTEE LAUDER COMPANIES INC	$1,076,000	+20.6%	9,975	+7.4%	0.28%	+13.4%
CTXS	Sell	CITRIX SYSTEMS INC	$1,041,000	-6.6%	13,550	-3.2%	0.27%	-12.1%
VLO	Sell	VALERO ENERGY CORP	$994,000	+13.9%	12,915	-0.2%	0.26%	+7.1%
PCN	New	PIMCO CORPORATE INCOME STRAT	$982,000	–	8,155	–	0.25%	–
MDLZ	Sell	MONDELEZ INTL INC CL A	$944,000	-11.4%	23,215	-5.9%	0.24%	-16.4%
MCD	Buy	MCDONALDS CORP	$882,000	+14.8%	5,629	+12.3%	0.23%	+7.5%
LEN	Buy	LENNAR CORP	$864,000	+0.5%	16,355	+1.4%	0.22%	-5.5%
CAH	Sell	CARDINAL HEALTH INC	$783,000	-19.3%	11,700	-6.0%	0.20%	-24.0%
USB	New	US BANCORP DEL NEW	$777,000	–	14,500	–	0.20%	–
PKI	Buy	PERKINELMER INC	$774,000	+5.2%	11,227	+3.9%	0.20%	-1.0%
DHR	Buy	DANAHER CORP	$762,000	+9.3%	8,881	+7.6%	0.20%	+2.6%
SHW	Sell	SHERWIN WILLIAMS CO	$748,000	-2.3%	2,089	-4.3%	0.19%	-8.1%
MET	Sell	METLIFE INC	$732,000	-11.4%	14,093	-6.3%	0.19%	-16.7%
ITW	Sell	ILLINOIS TOOL WORKS INC	$734,000	+1.2%	4,963	-2.0%	0.19%	-5.0%
FPL	Buy	NEXTERA ENERGY INC.	$710,000	+4.6%	4,844	+0.0%	0.18%	-1.6%
KMX	Buy	CARMAX INC	$712,000	+20.9%	9,393	+0.5%	0.18%	+13.6%
PPL	Sell	PPL CORPORATION	$686,000	-26.9%	18,079	-25.6%	0.18%	-31.3%
EBAY	Buy	EBAY INC COM	$684,000	+19.4%	17,788	+8.5%	0.18%	+12.0%
IFF	Sell	INTL FLAVOR & FRAGRANCES	$658,000	+4.8%	4,605	-1.0%	0.17%	-1.7%
CAT	Sell	CATERPILLAR INC	$653,000	+12.8%	5,239	-2.8%	0.17%	+6.3%
TAP	Buy	MOLSON COORS	$593,000	-1.2%	7,260	+4.5%	0.15%	-6.7%
GILD	Sell	GILEAD SCIENCES INC	$561,000	+5.3%	6,920	-8.2%	0.14%	-1.4%
BP	Buy	BP PLC ADR	$555,000	+24.4%	14,454	+12.2%	0.14%	+17.1%
RDSA	Sell	ROYAL DUTCH SHELL SPON ADR	$540,000	+12.5%	8,915	-1.3%	0.14%	+6.1%
NSC	Buy	NORFOLK SOUTHERN CORP	$430,000	+14.1%	3,250	+4.8%	0.11%	+6.7%
LOW	Sell	LOWES COMPANIES INC	$425,000	-26.7%	5,315	-28.9%	0.11%	-31.2%
WMB	Sell	WILLIAMS COMPANIES	$396,000	-3.2%	13,208	-2.1%	0.10%	-8.8%
CMCSA	Sell	COMCAST CORP NEW CL A	$383,000	-2.8%	9,942	-1.7%	0.10%	-9.2%
TWO	Buy	TWO HBRS INVT CORP COM	$360,000	+4.7%	35,700	+2.9%	0.09%	-2.1%
TROW	Sell	PRICE T ROWE GROUP INC	$335,000	+13.6%	3,700	-6.8%	0.09%	+7.4%
DRI	Sell	DARDEN RESTAURANTS INC	$305,000	-14.1%	3,875	-1.3%	0.08%	-19.4%
SUN	Buy	SUNOCO INC	$302,000	+23.3%	9,700	+21.2%	0.08%	+16.4%
AZO	Sell	AUTOZONE INC	$293,000	-17.5%	493	-20.7%	0.08%	-22.4%
	Sell	GREATER HUDSON BANK NA	$248,000	+376.9%	7,473	-32.1%	0.06%	+357.1%
MXIM	Sell	MAXIM INTEGRATED PRODS	$248,000	+1.6%	5,200	-4.1%	0.06%	-4.5%
QCOM	Sell	QUALCOMM INC	$246,000	-13.4%	4,753	-7.5%	0.06%	-17.9%
EPD	Buy	ENTERPRISE PRD PRTNRS LP	$244,000	-3.2%	9,366	+0.7%	0.06%	-8.7%
EGN	New	ENERGEN CORPORATION	$230,000	–	4,200	–	0.06%	–
JCI	Sell	JOHNSON CONTROLS INTERNATIONAL	$228,000	-16.5%	5,666	-9.9%	0.06%	-21.3%
AMLP	Sell	ALPS ALERIAN MLP ETF	$226,000	-6.6%	20,125	-0.7%	0.06%	-11.9%
BXMT	New	BLACKSTONE MTG TR INC	$216,000	–	6,950	–	0.06%	–
AES	Buy	AES CORP	$211,000	+3.4%	19,105	+4.1%	0.06%	-1.8%
NRZ	New	NEW RESIDENTIAL INVT	$189,000	–	11,300	–	0.05%	–
PPHM	Exit	PEREGINE PHARMACEUTICALS INC N	$0	–	-16,900	–	-0.00%	–
INT	Exit	WORLD FUEL SERVICES CORP	$0	–	-5,381	–	-0.06%	–
DD	Exit	DU PONT E I DE NEMOUR&CO	$0	–	-10,051	–	-0.22%	–
DOW	Exit	DOW CHEMICAL COMPANY	$0	–	-57,059	–	-0.99%	–

Q2 2017

			Value		Shares		↓ Weighting
OCBI	New	ORANGE CNTY BANCORP INC	$22,266,000	–	479,871	–	6.13%	–
ISRG	New	INTUITIVE SURGICAL INC NEW	$16,771,000	–	17,930	–	4.62%	–
MDT	New	MEDTRONIC PLC	$14,597,000	–	164,471	–	4.02%	–
HD	New	HOME DEPOT INC	$10,724,000	–	69,909	–	2.95%	–
JNJ	New	JOHNSON & JOHNSON	$10,484,000	–	79,247	–	2.89%	–
MSFT	New	MICROSOFT CORP	$10,022,000	–	145,395	–	2.76%	–
STL	New	STERLING BANCORP DEL COM	$8,921,000	–	383,690	–	2.46%	–
JPM	New	JP MORGAN CHASE & CO	$8,756,000	–	95,795	–	2.41%	–
TMO	New	THERMO ELECTRON CORP	$7,617,000	–	43,656	–	2.10%	–
XOM	New	EXXON MOBIL CORPORATION	$7,567,000	–	93,735	–	2.08%	–
GE	New	GENERAL ELECTRIC COMPANY	$6,066,000	–	224,599	–	1.67%	–
PFE	New	PFIZER INCORPORATED	$5,744,000	–	170,989	–	1.58%	–
RMD	New	ROYAL CARIBBEAN CRUISES LTD	$5,547,000	–	58,564	–	1.53%	–
WFC	New	WELLS FARGO & CO NEW	$5,438,000	–	98,145	–	1.50%	–
PEP	New	PEPSICO INCORPORATED	$5,337,000	–	46,215	–	1.47%	–
AAPL	New	APPLE, INC.	$5,203,000	–	36,130	–	1.43%	–
INTC	New	INTEL CORP	$5,193,000	–	153,905	–	1.43%	–
CVX	New	CHEVRONTEXACO CORP	$5,017,000	–	48,092	–	1.38%	–
BA	New	BOEING CO	$4,831,000	–	24,430	–	1.33%	–
FB	New	FACEBOOK INC CL A	$4,789,000	–	31,717	–	1.32%	–
KHC	New	KRAFT HEINZ CO	$4,605,000	–	53,768	–	1.27%	–
VZ	New	VERIZON COMMUNICATIONS	$4,587,000	–	102,702	–	1.26%	–
LLY	New	ELI LILLY & COMPANY	$4,572,000	–	55,558	–	1.26%	–
CSCO	New	CISCO SYSTEMS INC	$4,516,000	–	144,275	–	1.24%	–
BAC	New	BANKAMERICA CORP	$4,329,000	–	178,435	–	1.19%	–
MRK	New	MERCK & CO INC	$4,271,000	–	66,647	–	1.18%	–
GOOG	New	ALPHABET INC CLASS C	$4,232,000	–	4,657	–	1.17%	–
ADBE	New	ADOBE SYSTEMS INC	$4,196,000	–	29,668	–	1.16%	–
BK	New	THE BANK OF NY MELLON CORP	$4,194,000	–	82,203	–	1.16%	–
GS	New	GOLDMAN SACHS GROUP INC	$3,911,000	–	17,625	–	1.08%	–
DIS	New	DISNEY WALT HOLDING CO	$3,901,000	–	36,719	–	1.07%	–
UNH	New	UNITED HEALTHCARE CORP	$3,753,000	–	20,242	–	1.03%	–
DOW	New	DOW CHEMICAL COMPANY	$3,599,000	–	57,059	–	0.99%	–
PG	New	PROCTER & GAMBLE CO	$3,584,000	–	41,119	–	0.99%	–
ORCL	New	ORACLE CORPORATION	$3,516,000	–	70,118	–	0.97%	–
STI	New	SUNTRUST BANKS INC	$3,501,000	–	61,718	–	0.96%	–
PFF	New	ISHARES TR S&P US PFD STK INDE	$3,494,000	–	89,200	–	0.96%	–
AVGO	New	BROADCOM LTD	$3,421,000	–	14,681	–	0.94%	–
ADP	New	AUTO DATA PROCESSING	$3,322,000	–	32,422	–	0.92%	–
CVS	New	C V S CORP DEL	$3,219,000	–	40,008	–	0.89%	–
T	New	AT & T INC	$3,189,000	–	84,516	–	0.88%	–
CB	New	CHUBB CORPORATION	$3,041,000	–	20,916	–	0.84%	–
GLW	New	CORNING INC	$3,002,000	–	99,902	–	0.83%	–
CELG	New	CELGENE CORP	$2,969,000	–	22,861	–	0.82%	–
RHT	New	RED HAT INC	$2,842,000	–	29,680	–	0.78%	–
HRS	New	HARRIS CORP DEL	$2,814,000	–	25,802	–	0.78%	–
ENB	New	ENBRIDGE INC	$2,775,000	–	69,698	–	0.76%	–
	New	3M COMPANY	$2,734,000	–	13,131	–	0.75%	–
NKE	New	NIKE INC CLASS B	$2,628,000	–	44,537	–	0.72%	–
MMC	New	MARSH & MCLENNAN CO INC	$2,567,000	–	32,923	–	0.71%	–
PNC	New	PNC FINANCIAL SERVICES	$2,526,000	–	20,232	–	0.70%	–
SBUX	New	STARBUCKS CORP	$2,523,000	–	43,265	–	0.70%	–
MAS	New	MASCO CORP	$2,449,000	–	64,102	–	0.68%	–
RTN	New	RAYTHEON COMPANY NEW	$2,422,000	–	15,000	–	0.67%	–
FDX	New	FEDEX CORPORATION	$2,360,000	–	10,860	–	0.65%	–
AMT	New	AMERN TOWER CORP CLASS A	$2,339,000	–	17,676	–	0.64%	–
AGN	New	ALLERGAN PLC	$2,108,000	–	8,672	–	0.58%	–
DUK	New	DUKE ENERGY CORPORATION	$2,004,000	–	23,977	–	0.55%	–
AMGN	New	AMGEN INC COM	$1,887,000	–	10,956	–	0.52%	–
COP	New	CONOCOPHILLIPS	$1,816,000	–	41,317	–	0.50%	–
SYY	New	SYSCO CORPORATION	$1,745,000	–	34,680	–	0.48%	–
EMR	New	EMERSON ELECTRIC CO	$1,687,000	–	28,301	–	0.46%	–
WMT	New	WAL-MART STORES INC	$1,676,000	–	22,150	–	0.46%	–
CSX	New	C S X CORP	$1,664,000	–	30,492	–	0.46%	–
SJM	New	SMUCKER J M CO	$1,640,000	–	13,863	–	0.45%	–
IBM	New	INTL BUSINESS MACHINES	$1,628,000	–	10,586	–	0.45%	–
MO	New	ALTRIA GROUP INC	$1,582,000	–	21,240	–	0.44%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,517,000	–	27,217	–	0.42%	–
ESRX	New	EXPRESS SCRIPTS A	$1,505,000	–	23,573	–	0.42%	–
HAL	New	HALLIBURTON COMPANY	$1,462,000	–	34,224	–	0.40%	–
PSX	New	PHILLIPS 66	$1,464,000	–	17,702	–	0.40%	–
HON	New	HONEYWELL INTERNATIONAL	$1,417,000	–	10,630	–	0.39%	–
MS	New	MORGAN STANLEY	$1,360,000	–	30,522	–	0.38%	–
NOC	New	NORTHROP GRUMMAN CORP	$1,344,000	–	5,235	–	0.37%	–
LMT	New	LOCKHEED MARTIN CORP	$1,275,000	–	4,592	–	0.35%	–
TD	New	TORONTO DOMINION BK	$1,270,000	–	25,201	–	0.35%	–
LECO	New	LINCOLN ELEC HLDGS INC	$1,252,000	–	13,600	–	0.34%	–
	New	ABBVIE INC COM	$1,209,000	–	16,677	–	0.33%	–
DG	New	DOLLAR GENERAL CORPORATION	$1,197,000	–	16,598	–	0.33%	–
OSK	New	OSHKOSH CORP	$1,191,000	–	17,298	–	0.33%	–
ABT	New	ABBOTT LABORATORIES	$1,182,000	–	24,323	–	0.33%	–
	New	TIME WARNER INC	$1,137,000	–	11,324	–	0.31%	–
BERK	New	BERKSHIRE BANCP INC DEL	$1,120,000	–	110,320	–	0.31%	–
CTXS	New	CITRIX SYSTEMS INC	$1,115,000	–	14,005	–	0.31%	–
MDLZ	New	MONDELEZ INTL INC CL A	$1,065,000	–	24,670	–	0.29%	–
CAH	New	CARDINAL HEALTH INC	$970,000	–	12,450	–	0.27%	–
PPL	New	PPL CORPORATION	$939,000	–	24,284	–	0.26%	–
EL	New	ESTEE LAUDER COMPANIES INC	$892,000	–	9,291	–	0.25%	–
VLO	New	VALERO ENERGY CORP	$873,000	–	12,940	–	0.24%	–
LEN	New	LENNAR CORP	$860,000	–	16,125	–	0.24%	–
MET	New	METLIFE INC	$826,000	–	15,043	–	0.23%	–
DD	New	DU PONT E I DE NEMOUR&CO	$811,000	–	10,051	–	0.22%	–
LYB	New	LYONDELLBASELL INDUSTRIES NV	$806,000	–	9,545	–	0.22%	–
MCD	New	MCDONALDS CORP	$768,000	–	5,014	–	0.21%	–
SHW	New	SHERWIN WILLIAMS CO	$766,000	–	2,182	–	0.21%	–
UTX	New	UNITED TECHNOLOGIES CORP	$742,000	–	6,074	–	0.20%	–
PKI	New	PERKINELMER INC	$736,000	–	10,804	–	0.20%	–
ITW	New	ILLINOIS TOOL WORKS INC	$725,000	–	5,063	–	0.20%	–
DHR	New	DANAHER CORP	$697,000	–	8,255	–	0.19%	–
FPL	New	NEXTERA ENERGY INC.	$679,000	–	4,842	–	0.19%	–
IFF	New	INTL FLAVOR & FRAGRANCES	$628,000	–	4,650	–	0.17%	–
TAP	New	MOLSON COORS	$600,000	–	6,950	–	0.16%	–
KMX	New	CARMAX INC	$589,000	–	9,348	–	0.16%	–
LOW	New	LOWES COMPANIES INC	$580,000	–	7,475	–	0.16%	–
ATRI	New	ATRION CORP	$579,000	–	900	–	0.16%	–
CAT	New	CATERPILLAR INC	$579,000	–	5,389	–	0.16%	–
EBAY	New	EBAY INC COM	$573,000	–	16,398	–	0.16%	–
GILD	New	GILEAD SCIENCES INC	$533,000	–	7,535	–	0.15%	–
RDSA	New	ROYAL DUTCH SHELL SPON ADR	$480,000	–	9,030	–	0.13%	–
CMC	New	COMMERCIAL METALS CO	$472,000	–	24,295	–	0.13%	–
JFBC	New	JEFFERSONVILLE BANCORP	$452,000	–	30,006	–	0.12%	–
KMB	New	KIMBERLY-CLARK CORP	$448,000	–	3,470	–	0.12%	–
BP	New	BP PLC ADR	$446,000	–	12,879	–	0.12%	–
KO	New	COCA COLA COMPANY	$417,000	–	9,288	–	0.12%	–
WMB	New	WILLIAMS COMPANIES	$409,000	–	13,498	–	0.11%	–
SO	New	THE SOUTHERN COMPANY	$405,000	–	8,464	–	0.11%	–
SCHW	New	THE CHARLES SCHWAB CORP	$395,000	–	9,196	–	0.11%	–
CMCSA	New	COMCAST CORP NEW CL A	$394,000	–	10,112	–	0.11%	–
CL	New	COLGATE-PALMOLIVE CO	$390,000	–	5,263	–	0.11%	–
NSC	New	NORFOLK SOUTHERN CORP	$377,000	–	3,100	–	0.10%	–
AZO	New	AUTOZONE INC	$355,000	–	622	–	0.10%	–
DRI	New	DARDEN RESTAURANTS INC	$355,000	–	3,925	–	0.10%	–
TWO	New	TWO HBRS INVT CORP COM	$344,000	–	34,700	–	0.10%	–
PM	New	PHILIP MORRIS INTL INC	$322,000	–	2,739	–	0.09%	–
BCPC	New	BALCHEM CORP	$317,000	–	4,080	–	0.09%	–
IYW	New	ISHARES TR DOW JONES US TECH S	$311,000	–	2,225	–	0.09%	–
NEA	New	NUVEEN AMT FREE MUN INCOME FD	$301,000	–	22,000	–	0.08%	–
TROW	New	PRICE T ROWE GROUP INC	$295,000	–	3,970	–	0.08%	–
QCOM	New	QUALCOMM INC	$284,000	–	5,141	–	0.08%	–
JCI	New	JOHNSON CONTROLS INTERNATIONAL	$273,000	–	6,291	–	0.08%	–
MTB	New	M & T BANK CORP	$266,000	–	1,645	–	0.07%	–
GSK	New	GLAXOSMITHKLINE PLC ADR	$254,000	–	5,883	–	0.07%	–
EPD	New	ENTERPRISE PRD PRTNRS LP	$252,000	–	9,301	–	0.07%	–
AMLP	New	ALPS ALERIAN MLP ETF	$242,000	–	20,275	–	0.07%	–
MXIM	New	MAXIM INTEGRATED PRODS	$244,000	–	5,425	–	0.07%	–
SUN	New	SUNOCO INC	$245,000	–	8,000	–	0.07%	–
ED	New	CONSOLIDATED EDISON INC	$233,000	–	2,880	–	0.06%	–
ALB	New	ALBEMARLE CORP	$227,000	–	2,150	–	0.06%	–
EQT	New	EQT CORPORATION	$220,000	–	3,750	–	0.06%	–
INT	New	WORLD FUEL SERVICES CORP	$207,000	–	5,381	–	0.06%	–
AES	New	AES CORP	$204,000	–	18,359	–	0.06%	–
RNN	New	REXAHN PHARMACEUTICALS INC	$57,000	–	20,000	–	0.02%	–
	New	GREATER HUDSON BANK NA	$52,000	–	11,000	–	0.01%	–
ATHX	New	ATHERSYS INC	$34,000	–	22,500	–	0.01%	–
WDDD	New	WOLDS INC	$18,000	–	600,000	–	0.01%	–
PPHM	New	PEREGINE PHARMACEUTICALS INC N	$10,000	–	16,900	–	0.00%	–
ASPR	New	ADSOUTH PARTNERS INC	$0	–	10,001	–	0.00%	–
AIMG	New	AIMGLOBAL TECHNOLOGIES INC	$0	–	41,000	–	0.00%	–
BRWC	New	BOREAL WATER COLLECTION INC CO	$0	–	35,700	–	0.00%	–
WMNS	New	WESTMONT RESOURCES INC	$0	–	30,000	–	0.00%	–
CBI	New	CHIMERA ENERGY CORP COM	$0	–	16,600	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
WMNS	Exit	WESTMONT RESOURCES INC	$0	–	-30,000	–	0.00%	–
AIMG	Exit	AIMGLOBAL TECHNOLOGIES INC	$0	–	-41,000	–	0.00%	–
ASPR	Exit	ADSOUTH PARTNERS INC	$0	–	-10,001	–	0.00%	–
BRWC	Exit	BOREAL WATER COLLECTION INC CO	$0	–	-35,700	–	0.00%	–
CBI	Exit	CHIMERA ENERGY CORP COM	$0	–	-16,600	–	0.00%	–
WORX	Exit	WORLDS ONLINE INC	$0	–	-193,167	–	-0.01%	–
WDDD	Exit	WOLDS INC	$0	–	-650,000	–	-0.01%	–
RNN	Exit	REXAHN PHARMACEUTICALS INC	$0	–	-200,000	–	-0.01%	–
ATHX	Exit	ATHERSYS INC	$0	–	-22,500	–	-0.02%	–
TWO	Exit	TWO HBRS INVT CORP COM	$0	–	-13,000	–	-0.03%	–
AMLP	Exit	ALPS ALERIAN MLP ETF	$0	–	-12,850	–	-0.05%	–
EPD	Exit	ENTERPRISE PRD PRTNRS LP	$0	–	-7,660	–	-0.07%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-1,600	–	-0.07%	–
MTB	Exit	M & T BANK CORP	$0	–	-1,881	–	-0.07%	–
MXIM	Exit	MAXIM INTEGRATED PRODS	$0	–	-5,800	–	-0.07%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-3,850	–	-0.07%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-3,130	–	-0.07%	–
EGN	Exit	ENERGEN CORPORATION	$0	–	-4,200	–	-0.08%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-2,920	–	-0.08%	–
INT	Exit	WORLD FUEL SERVICES CORP	$0	–	-5,500	–	-0.08%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-5,575	–	-0.08%	–
SKX	Exit	SKECHERS USA INC	$0	–	-11,600	–	-0.08%	–
AZO	Exit	AUTOZONE INC	$0	–	-346	–	-0.08%	–
EQT	Exit	EQT CORPORATION	$0	–	-3,750	–	-0.08%	–
ARIA	Exit	ARIAD PHARMACEUTICALS INC	$0	–	-20,000	–	-0.08%	–
IYW	Exit	ISHARES TR DOW JONES US TECH S	$0	–	-2,450	–	-0.09%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-3,150	–	-0.10%	–
	Exit	TEVA PHARM INDS LTD ADRF	$0	–	-6,786	–	-0.10%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES NV	$0	–	-3,936	–	-0.10%	–
EBAY	Exit	EBAY INC COM	$0	–	-9,535	–	-0.10%	–
BP	Exit	BP PLC ADR	$0	–	-9,104	–	-0.10%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-5,056	–	-0.10%	–
WMB	Exit	WILLIAMS COMPANIES	$0	–	-11,397	–	-0.11%	–
BCPC	Exit	BALCHEM CORP	$0	–	-4,527	–	-0.11%	–
SCHW	Exit	THE CHARLES SCHWAB CORP	$0	–	-11,771	–	-0.12%	–
M	Exit	MACYS INC	$0	–	-10,050	–	-0.12%	–
PKI	Exit	PERKINELMER INC	$0	–	-6,734	–	-0.12%	–
RDSA	Exit	ROYAL DUTCH SHELL SPON ADR	$0	–	-7,500	–	-0.12%	–
ATRI	Exit	ATRION CORP	$0	–	-900	–	-0.12%	–
KMX	Exit	CARMAX INC	$0	–	-7,416	–	-0.12%	–
QCOM	Exit	QUALCOMM INC	$0	–	-5,843	–	-0.12%	–
KO	Exit	COCA COLA COMPANY	$0	–	-9,750	–	-0.13%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-1,525	–	-0.13%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-5,888	–	-0.14%	–
JFBC	Exit	JEFFERSONVILLE BANCORP	$0	–	-30,006	–	-0.14%	–
SO	Exit	THE SOUTHERN COMPANY	$0	–	-8,951	–	-0.14%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-3,750	–	-0.15%	–
CAT	Exit	CATERPILLAR INC	$0	–	-5,489	–	-0.15%	–
TAP	Exit	MOLSON COORS	$0	–	-4,445	–	-0.15%	–
LEN	Exit	LENNAR CORP	$0	–	-11,688	–	-0.15%	–
AMT	Exit	AMERN TOWER CORP CLASS A	$0	–	-4,430	–	-0.16%	–
HON	Exit	HONEYWELL INTERNATIONAL	$0	–	-4,375	–	-0.16%	–
MET	Exit	METLIFE INC	$0	–	-12,422	–	-0.17%	–
MCD	Exit	MCDONALDS CORP	$0	–	-4,905	–	-0.18%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-9,928	–	-0.19%	–
CSX	Exit	C S X CORP	$0	–	-20,387	–	-0.19%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-8,785	–	-0.20%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-5,373	–	-0.20%	–
USB	Exit	US BANCORP DEL NEW	$0	–	-15,150	–	-0.20%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-6,464	–	-0.20%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-15,749	–	-0.21%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-41,978	–	-0.21%	–
FPL	Exit	NEXTERA ENERGY INC.	$0	–	-5,653	–	-0.22%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-13,300	–	-0.22%	–
MS	Exit	MORGAN STANLEY	$0	–	-22,450	–	-0.22%	–
DD	Exit	DU PONT E I DE NEMOUR&CO	$0	–	-10,951	–	-0.23%	–
IFF	Exit	INTL FLAVOR & FRAGRANCES	$0	–	-5,150	–	-0.23%	–
EL	Exit	ESTEE LAUDER COMPANIES INC	$0	–	-9,049	–	-0.25%	–
OSK	Exit	OSHKOSH CORP	$0	–	-14,552	–	-0.25%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-4,904	–	-0.27%	–
PPL	Exit	PPL CORPORATION	$0	–	-24,887	–	-0.27%	–
STJ	Exit	ST JUDE MEDICAL INC	$0	–	-11,750	–	-0.29%	–
BERK	Exit	BERKSHIRE BANCP INC DEL	$0	–	-121,929	–	-0.30%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-22,895	–	-0.31%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-4,216	–	-0.31%	–
MMC	Exit	MARSH & MCLENNAN CO INC	$0	–	-15,182	–	-0.32%	–
TD	Exit	TORONTO DOMINION BK	$0	–	-23,505	–	-0.32%	–
MDLZ	Exit	MONDELEZ INTL INC CL A	$0	–	-24,660	–	-0.34%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-5,135	–	-0.34%	–
	Exit	ABBVIE INC COM	$0	–	-17,922	–	-0.35%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-14,575	–	-0.35%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-24,584	–	-0.36%	–
	Exit	TIME WARNER INC	$0	–	-14,373	–	-0.36%	–
DG	Exit	DOLLAR GENERAL CORPORATION	$0	–	-17,662	–	-0.38%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-19,915	–	-0.39%	–
PSX	Exit	PHILLIPS 66	$0	–	-15,989	–	-0.40%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-17,161	–	-0.43%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-21,610	–	-0.45%	–
AMGN	Exit	AMGEN INC COM	$0	–	-8,789	–	-0.46%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-19,130	–	-0.47%	–
CELG	Exit	CELGENE CORP	$0	–	-14,508	–	-0.47%	–
SJM	Exit	SMUCKER J M CO	$0	–	-11,549	–	-0.49%	–
HAL	Exit	HALLIBURTON COMPANY	$0	–	-34,873	–	-0.49%	–
PNC	Exit	PNC FINANCIAL SERVICES	$0	–	-17,662	–	-0.49%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-29,822	–	-0.50%	–
MAS	Exit	MASCO CORP	$0	–	-48,444	–	-0.52%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-23,554	–	-0.53%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-13,245	–	-0.56%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-36,778	–	-0.56%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-16,626	–	-0.56%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-34,445	–	-0.56%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-11,464	–	-0.57%	–
RHT	Exit	RED HAT INC	$0	–	-23,995	–	-0.60%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-35,995	–	-0.60%	–
AVGO	Exit	BROADCOM LTD	$0	–	-11,377	–	-0.61%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-23,435	–	-0.62%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-22,429	–	-0.64%	–
STI	Exit	SUNTRUST BANKS INC	$0	–	-48,713	–	-0.66%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-15,834	–	-0.69%	–
	Exit	3M COMPANY	$0	–	-12,936	–	-0.71%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-53,980	–	-0.72%	–
BAC	Exit	BANKAMERICA CORP	$0	–	-150,179	–	-0.73%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-15,793	–	-0.79%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-47,377	–	-0.79%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-3,332	–	-0.80%	–
DOW	Exit	DOW CHEMICAL COMPANY	$0	–	-50,772	–	-0.82%	–
GLW	Exit	CORNING INC	$0	–	-114,529	–	-0.84%	–
CB	Exit	CHUBB CORPORATION	$0	–	-21,623	–	-0.84%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-31,517	–	-0.86%	–
PFF	Exit	ISHARES TR S&P US PFD STK INDE	$0	–	-70,800	–	-0.87%	–
AGN	Exit	ALLERGAN INC	$0	–	-12,477	–	-0.89%	–
BK	Exit	THE BANK OF NY MELLON CORP	$0	–	-72,877	–	-0.90%	–
DIS	Exit	DISNEY WALT HOLDING CO	$0	–	-31,347	–	-0.90%	–
T	Exit	AT & T INC	$0	–	-81,168	–	-1.02%	–
FB	Exit	FACEBOOK INC CL A	$0	–	-26,506	–	-1.06%	–
ESRX	Exit	EXPRESS SCRIPTS A	$0	–	-52,899	–	-1.16%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-42,065	–	-1.17%	–
MRK	Exit	MERCK & CO INC	$0	–	-61,450	–	-1.19%	–
BA	Exit	BOEING CO	$0	–	-30,507	–	-1.25%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-103,067	–	-1.26%	–
RMD	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-58,000	–	-1.26%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-92,180	–	-1.27%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-46,663	–	-1.30%	–
LLY	Exit	ELI LILLY & COMPANY	$0	–	-55,935	–	-1.39%	–
CVX	Exit	CHEVRONTEXACO CORP	$0	–	-48,346	–	-1.54%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-47,206	–	-1.66%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-168,417	–	-1.66%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-102,821	–	-1.66%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-162,323	–	-1.71%	–
CVS	Exit	C V S CORP DEL	$0	–	-65,234	–	-1.80%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-88,862	–	-1.84%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-58,150	–	-1.96%	–
INTC	Exit	INTEL CORP	$0	–	-168,545	–	-1.98%	–
TMO	Exit	THERMO ELECTRON CORP	$0	–	-41,353	–	-2.04%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-245,890	–	-2.26%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-87,812	–	-2.38%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-141,241	–	-2.53%	–
HD	Exit	HOME DEPOT INC	$0	–	-69,451	–	-2.78%	–
STL	Exit	STERLING BANCORP DEL COM	$0	–	-540,540	–	-2.94%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-82,554	–	-3.03%	–
ISRG	Exit	INTUITIVE SURGICAL INC NEW	$0	–	-19,080	–	-4.30%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-171,075	–	-4.59%	–
OCBI	Exit	ORANGE CNTY BANCORP INC	$0	–	-467,723	–	-6.28%	–

Q3 2016

			Value		Shares		↓ Weighting
MDT	Buy	MEDTRONIC PLC	$14,781,000	-0.3%	171,075	+0.2%	4.59%	-3.4%
ISRG	Sell	INTUITIVE SURGICAL INC NEW	$13,830,000	+7.5%	19,080	-2.0%	4.30%	+4.0%
JNJ	Sell	JOHNSON & JOHNSON	$9,752,000	-2.8%	82,554	-0.2%	3.03%	-5.9%
STL	Sell	STERLING BANCORP DEL COM	$9,459,000	+10.9%	540,540	-0.5%	2.94%	+7.4%
HD	Buy	HOME DEPOT INC	$8,937,000	+2.5%	69,451	+1.7%	2.78%	-0.8%
MSFT	Buy	MICROSOFT CORP	$8,136,000	+15.7%	141,241	+2.7%	2.53%	+12.0%
XOM	Buy	EXXON MOBIL CORPORATION	$7,664,000	-3.9%	87,812	+3.2%	2.38%	-7.0%
GE	Buy	GENERAL ELECTRIC COMPANY	$7,283,000	+2.0%	245,890	+8.4%	2.26%	-1.2%
TMO	Sell	THERMO ELECTRON CORP	$6,578,000	+5.9%	41,353	-1.7%	2.04%	+2.5%
INTC	Buy	INTEL CORP	$6,363,000	+17.1%	168,545	+1.7%	1.98%	+13.4%
PEP	Buy	PEPSICO INCORPORATED	$6,325,000	+4.3%	58,150	+1.6%	1.96%	+1.0%
JPM	Buy	JP MORGAN CHASE & CO	$5,917,000	+10.1%	88,862	+2.8%	1.84%	+6.6%
CVS	Sell	C V S CORP DEL	$5,805,000	-7.5%	65,234	-0.4%	1.80%	-10.4%
PFE	Buy	PFIZER INCORPORATED	$5,498,000	-1.3%	162,323	+2.6%	1.71%	-4.5%
VZ	Buy	VERIZON COMMUNICATIONS	$5,345,000	-5.1%	102,821	+2.0%	1.66%	-8.1%
CSCO	Buy	CISCO SYSTEMS INC	$5,342,000	+11.8%	168,417	+1.1%	1.66%	+8.2%
AAPL	Buy	APPLE COMPUTER INC	$5,337,000	+42.2%	47,206	+20.3%	1.66%	+37.6%
CVX	Buy	CHEVRONTEXACO CORP	$4,976,000	-0.0%	48,346	+1.8%	1.54%	-3.3%
LLY	Buy	ELI LILLY & COMPANY	$4,489,000	+3.0%	55,935	+1.1%	1.39%	-0.3%
KHC	Buy	KRAFT HEINZ CO	$4,177,000	+2.2%	46,663	+1.0%	1.30%	-1.1%
WFC	Buy	WELLS FARGO & CO NEW	$4,082,000	-3.9%	92,180	+2.7%	1.27%	-7.0%
RMD	Buy	ROYAL CARIBBEAN CRUISES LTD	$4,062,000	+8.5%	58,000	+1.1%	1.26%	+5.0%
ORCL	Sell	ORACLE CORPORATION	$4,048,000	-7.0%	103,067	-3.1%	1.26%	-10.0%
BA	Buy	BOEING CO	$4,019,000	+2.9%	30,507	+1.5%	1.25%	-0.4%
MRK	Buy	MERCK & CO INC	$3,835,000	+9.7%	61,450	+1.3%	1.19%	+6.2%
PG	Buy	PROCTER & GAMBLE CO	$3,775,000	+7.0%	42,065	+1.0%	1.17%	+3.6%
ESRX	Buy	EXPRESS SCRIPTS A	$3,731,000	-3.7%	52,899	+3.5%	1.16%	-6.8%
FB	Buy	FACEBOOK INC CL A	$3,400,000	+31.4%	26,506	+17.1%	1.06%	+27.2%
T	Sell	AT & T INC	$3,296,000	-6.3%	81,168	-0.3%	1.02%	-9.2%
DIS	Buy	DISNEY WALT HOLDING CO	$2,911,000	+1.9%	31,347	+7.3%	0.90%	-1.3%
BK	Buy	THE BANK OF NY MELLON CORP	$2,906,000	+6.6%	72,877	+3.8%	0.90%	+3.2%
AGN	Sell	ALLERGAN INC	$2,874,000	-3.2%	12,477	-2.8%	0.89%	-6.2%
PFF	Buy	ISHARES TR S&P US PFD STK INDE	$2,797,000	+19.8%	70,800	+21.0%	0.87%	+16.0%
ADP	Buy	AUTO DATA PROCESSING	$2,780,000	-3.2%	31,517	+0.8%	0.86%	-6.3%
CB	Buy	CHUBB CORPORATION	$2,717,000	-2.2%	21,623	+1.7%	0.84%	-5.3%
GLW	Buy	CORNING INC	$2,709,000	+16.2%	114,529	+0.6%	0.84%	+12.4%
DOW	Buy	DOW CHEMICAL COMPANY	$2,632,000	+9.0%	50,772	+4.6%	0.82%	+5.6%
GOOG	Buy	ALPHABET INC CLASS C	$2,590,000	+32.5%	3,332	+17.9%	0.80%	+28.2%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$2,555,000	-30.0%	47,377	-4.5%	0.79%	-32.3%
GS	Sell	GOLDMAN SACHS GROUP INC	$2,547,000	+5.4%	15,793	-2.9%	0.79%	+2.1%
BAC	Sell	BANKAMERICA CORP	$2,350,000	-1.9%	150,179	-16.8%	0.73%	-4.9%
SE	Buy	SPECTRA ENERGY CORP	$2,308,000	+30.2%	53,980	+11.5%	0.72%	+26.0%
	Sell	3M COMPANY	$2,280,000	-1.0%	12,936	-1.7%	0.71%	-4.2%
UNH	Buy	UNITED HEALTHCARE CORP	$2,217,000	+931.2%	15,834	+213.9%	0.69%	+898.6%
STI	Buy	SUNTRUST BANKS INC	$2,134,000	+13.1%	48,713	+6.1%	0.66%	+9.6%
HRS	Buy	HARRIS CORP DEL	$2,055,000	+16.5%	22,429	+6.1%	0.64%	+12.7%
CTXS	Buy	CITRIX SYSTEMS INC	$1,997,000	+6.6%	23,435	+0.2%	0.62%	+3.2%
AVGO	Buy	BROADCOM LTD	$1,963,000	+26.2%	11,377	+13.7%	0.61%	+22.2%
SBUX	Buy	STARBUCKS CORP	$1,949,000	+1.6%	35,995	+7.2%	0.60%	-1.6%
RHT	Buy	RED HAT INC	$1,940,000	+26.9%	23,995	+13.9%	0.60%	+22.9%
IBM	Buy	INTL BUSINESS MACHINES	$1,821,000	+6.1%	11,464	+1.3%	0.57%	+2.7%
NKE	Buy	NIKE INC CLASS B	$1,814,000	+11.7%	34,445	+17.1%	0.56%	+8.1%
ADBE	Buy	ADOBE SYSTEMS INC	$1,805,000	+31.0%	16,626	+15.6%	0.56%	+26.9%
RTN	Buy	RAYTHEON COMPANY NEW	$1,803,000	+3.6%	13,245	+3.4%	0.56%	+0.4%
SYY	Sell	SYSCO CORPORATION	$1,802,000	-6.5%	36,778	-3.2%	0.56%	-9.4%
WMT	Buy	WAL-MART STORES INC	$1,699,000	-1.1%	23,554	+0.1%	0.53%	-4.2%
MAS	Buy	MASCO CORP	$1,662,000	+17.0%	48,444	+5.5%	0.52%	+13.2%
EMR	Sell	EMERSON ELECTRIC CO	$1,626,000	+3.8%	29,822	-0.7%	0.50%	+0.4%
PNC	Buy	PNC FINANCIAL SERVICES	$1,591,000	+12.9%	17,662	+2.0%	0.49%	+9.3%
HAL	Sell	HALLIBURTON COMPANY	$1,565,000	-7.3%	34,873	-6.5%	0.49%	-10.3%
SJM	Buy	SMUCKER J M CO	$1,565,000	-3.9%	11,549	+8.1%	0.49%	-7.1%
CELG	Buy	CELGENE CORP	$1,517,000	+29.0%	14,508	+21.7%	0.47%	+24.9%
GILD	Buy	GILEAD SCIENCES INC	$1,514,000	-1.8%	19,130	+3.5%	0.47%	-5.1%
AMGN	Buy	AMGEN INC COM	$1,466,000	+13.8%	8,789	+3.9%	0.46%	+10.2%
TROW	Sell	PRICE T ROWE GROUP INC	$1,437,000	-16.9%	21,610	-8.8%	0.45%	-19.6%
DUK	Buy	DUKE ENERGY CORPORATION	$1,374,000	+7.1%	17,161	+14.7%	0.43%	+3.6%
PSX	Buy	PHILLIPS 66	$1,288,000	+2.1%	15,989	+0.5%	0.40%	-1.2%
MO	Sell	ALTRIA GROUP INC	$1,259,000	-8.4%	19,915	-0.1%	0.39%	-11.3%
DG	Buy	DOLLAR GENERAL CORPORATION	$1,236,000	-6.9%	17,662	+25.1%	0.38%	-9.9%
JCI	Sell	JOHNSON CONTROLS INC	$1,144,000	+1.7%	24,584	-3.3%	0.36%	-1.7%
	Sell	TIME WARNER INC	$1,144,000	-0.3%	14,373	-7.9%	0.36%	-3.5%
CAH	Sell	CARDINAL HEALTH INC	$1,132,000	-5.4%	14,575	-4.9%	0.35%	-8.3%
	Sell	ABBVIE INC COM	$1,130,000	+1.0%	17,922	-0.8%	0.35%	-2.2%
NOC	Sell	NORTHROP GRUMMAN CORP	$1,099,000	-4.1%	5,135	-0.4%	0.34%	-7.3%
MDLZ	Sell	MONDELEZ INTL INC CL A	$1,083,000	-6.9%	24,660	-3.5%	0.34%	-9.9%
TD	Sell	TORONTO DOMINION BK	$1,044,000	+2.7%	23,505	-0.8%	0.32%	-0.6%
MMC	Buy	MARSH & MCLENNAN CO INC	$1,021,000	+11.2%	15,182	+13.2%	0.32%	+7.8%
LMT	Buy	LOCKHEED MARTIN CORP	$1,011,000	-2.2%	4,216	+1.2%	0.31%	-5.4%
COP	Sell	CONOCOPHILLIPS	$995,000	-26.1%	22,895	-25.9%	0.31%	-28.5%
BERK	Sell	BERKSHIRE BANCP INC DEL	$966,000	+2.1%	121,929	-0.1%	0.30%	-1.0%
PPL	Buy	PPL CORPORATION	$860,000	-6.6%	24,887	+2.1%	0.27%	-9.5%
FDX	Sell	FEDEX CORPORATION	$857,000	+4.9%	4,904	-8.9%	0.27%	+1.5%
OSK	Buy	OSHKOSH CORP	$815,000	+25.6%	14,552	+7.0%	0.25%	+21.6%
EL	Buy	ESTEE LAUDER COMPANIES INC	$801,000	+4.4%	9,049	+7.4%	0.25%	+1.2%
DD	Buy	DU PONT E I DE NEMOUR&CO	$733,000	+5.2%	10,951	+1.9%	0.23%	+1.8%
MS	Sell	MORGAN STANLEY	$720,000	+22.2%	22,450	-1.1%	0.22%	+18.5%
VLO	Sell	VALERO ENERGY CORP	$705,000	+2.9%	13,300	-0.9%	0.22%	-0.5%
FPL	Sell	NEXTERA ENERGY INC.	$692,000	-10.6%	5,653	-4.7%	0.22%	-13.3%
CMC	Buy	COMMERCIAL METALS CO	$680,000	+53.8%	41,978	+60.4%	0.21%	+48.6%
UTX	Sell	UNITED TECHNOLOGIES CORP	$657,000	-76.3%	6,464	-70.0%	0.20%	-77.0%
USB	Sell	US BANCORP DEL NEW	$650,000	+5.3%	15,150	-1.0%	0.20%	+2.0%
ITW	Sell	ILLINOIS TOOL WORKS INC	$644,000	+13.2%	5,373	-1.6%	0.20%	+9.3%
LOW	Sell	LOWES COMPANIES INC	$634,000	-9.3%	8,785	-0.5%	0.20%	-12.1%
LECO	Buy	LINCOLN ELEC HLDGS INC	$622,000	+15.8%	9,928	+9.3%	0.19%	+12.2%
CSX	Sell	C S X CORP	$622,000	+4.5%	20,387	-10.7%	0.19%	+1.0%
MET	Sell	METLIFE INC	$552,000	-4.8%	12,422	-14.7%	0.17%	-8.1%
HON	Buy	HONEYWELL INTERNATIONAL	$510,000	+22.6%	4,375	+22.2%	0.16%	+18.8%
AMT	Buy	AMERN TOWER CORP CLASS A	$502,000	+25.2%	4,430	+25.5%	0.16%	+20.9%
LEN	Buy	LENNAR CORP	$495,000	+10.0%	11,688	+19.6%	0.15%	+6.9%
TAP	Buy	MOLSON COORS	$488,000	+19.6%	4,445	+10.1%	0.15%	+16.0%
CAT	Buy	CATERPILLAR INC	$487,000	+20.8%	5,489	+3.3%	0.15%	+17.1%
KMB	Buy	KIMBERLY-CLARK CORP	$473,000	-5.0%	3,750	+3.4%	0.15%	-8.1%
SO	Sell	THE SOUTHERN COMPANY	$459,000	-11.0%	8,951	-6.9%	0.14%	-13.9%
CL	Sell	COLGATE-PALMOLIVE CO	$437,000	+0.9%	5,888	-0.4%	0.14%	-2.2%
SHW	Buy	SHERWIN WILLIAMS CO	$422,000	+29.1%	1,525	+37.1%	0.13%	+24.8%
KO	Sell	COCA COLA COMPANY	$413,000	-7.2%	9,750	-0.8%	0.13%	-10.5%
QCOM	Sell	QUALCOMM INC	$400,000	+19.0%	5,843	-6.8%	0.12%	+14.8%
KMX	Sell	CARMAX INC	$396,000	-12.0%	7,416	-19.3%	0.12%	-14.6%
RDSA	Sell	ROYAL DUTCH SHELL SPON ADR	$376,000	-13.0%	7,500	-4.2%	0.12%	-15.8%
PKI	Buy	PERKINELMER INC	$378,000	+30.3%	6,734	+21.6%	0.12%	+25.8%
SCHW	Sell	THE CHARLES SCHWAB CORP	$372,000	-1.6%	11,771	-21.1%	0.12%	-4.1%
M	Buy	MACYS INC	$372,000	+17.0%	10,050	+6.1%	0.12%	+13.7%
BCPC	Buy	BALCHEM CORP	$351,000	+33.5%	4,527	+2.8%	0.11%	+29.8%
WMB	Sell	WILLIAMS COMPANIES	$350,000	+40.6%	11,397	-1.0%	0.11%	+36.2%
CMCSA	Buy	COMCAST CORP NEW CL A	$335,000	+5.7%	5,056	+4.1%	0.10%	+2.0%
BP	Buy	BP PLC ADR	$320,000	-0.6%	9,104	+0.6%	0.10%	-3.9%
LYB	Buy	LYONDELLBASELL INDUSTRIES NV	$317,000	+23.8%	3,936	+14.2%	0.10%	+19.5%
EBAY	Buy	EBAY INC COM	$314,000	+56.2%	9,535	+11.1%	0.10%	+53.1%
	New	TEVA PHARM INDS LTD ADRF	$312,000	–	6,786	–	0.10%	–
NSC	Sell	NORFOLK SOUTHERN CORP	$306,000	+7.4%	3,150	-6.0%	0.10%	+4.4%
AZO	New	AUTOZONE INC	$266,000	–	346	–	0.08%	–
SKX	Buy	SKECHERS USA INC	$266,000	-13.9%	11,600	+11.5%	0.08%	-16.2%
DRI	Sell	DARDEN RESTAURANTS INC	$236,000	-7.5%	3,850	-4.3%	0.07%	-11.0%
XEC	New	CIMAREX ENERGY CO	$215,000	–	1,600	–	0.07%	–
EPD	Buy	ENTERPRISE PRD PRTNRS LP	$212,000	-5.4%	7,660	+0.2%	0.07%	-8.3%
ATHX	New	ATHERSYS INC	$48,000	–	22,500	–	0.02%	–
WORX	Sell	WORLDS ONLINE INC	$24,000	+4.3%	193,167	-6.5%	0.01%	0.0%
SSS	Exit	SOVRAN SELF STORAGE INC	$0	–	-2,135	–	-0.07%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-3,590	–	-0.10%	–
TEVA	Exit	TEVA PHARM INDS LTD ADRF	$0	–	-6,886	–	-0.11%	–
EMC	Exit	E M C CORP MASS	$0	–	-25,150	–	-0.22%	–

Q2 2016

			Value		Shares		↓ Weighting
OCBI	New	ORANGE CNTY BANCORP INC	$21,679,000	–	467,723	–	6.95%	–
MDT	New	MEDTRONIC PLC	$14,821,000	–	170,812	–	4.75%	–
ISRG	New	INTUITIVE SURGICAL INC NEW	$12,871,000	–	19,460	–	4.13%	–
JNJ	New	JOHNSON & JOHNSON	$10,037,000	–	82,746	–	3.22%	–
HD	New	HOME DEPOT INC	$8,718,000	–	68,272	–	2.80%	–
STL	New	STERLING BANCORP DEL COM	$8,528,000	–	543,190	–	2.74%	–
XOM	New	EXXON MOBIL CORPORATION	$7,978,000	–	85,106	–	2.56%	–
GE	New	GENERAL ELECTRIC COMPANY	$7,139,000	–	226,774	–	2.29%	–
MSFT	New	MICROSOFT CORP	$7,035,000	–	137,491	–	2.26%	–
CVS	New	C V S CORP DEL	$6,273,000	–	65,524	–	2.01%	–
TMO	New	THERMO ELECTRON CORP	$6,213,000	–	42,050	–	1.99%	–
PEP	New	PEPSICO INCORPORATED	$6,063,000	–	57,229	–	1.94%	–
VZ	New	VERIZON COMMUNICATIONS	$5,631,000	–	100,848	–	1.81%	–
PFE	New	PFIZER INCORPORATED	$5,572,000	–	158,243	–	1.79%	–
INTC	New	INTEL CORP	$5,435,000	–	165,703	–	1.74%	–
JPM	New	JP MORGAN CHASE & CO	$5,374,000	–	86,475	–	1.72%	–
CVX	New	CHEVRONTEXACO CORP	$4,977,000	–	47,472	–	1.60%	–
CSCO	New	CISCO SYSTEMS INC	$4,778,000	–	166,541	–	1.53%	–
LLY	New	ELI LILLY & COMPANY	$4,359,000	–	55,350	–	1.40%	–
ORCL	New	ORACLE CORPORATION	$4,353,000	–	106,362	–	1.40%	–
WFC	New	WELLS FARGO & CO NEW	$4,248,000	–	89,742	–	1.36%	–
KHC	New	KRAFT HEINZ CO	$4,089,000	–	46,211	–	1.31%	–
BA	New	BOEING CO	$3,905,000	–	30,067	–	1.25%	–
ESRX	New	EXPRESS SCRIPTS A	$3,875,000	–	51,126	–	1.24%	–
AAPL	New	APPLE COMPUTER INC	$3,752,000	–	39,248	–	1.20%	–
RMD	New	ROYAL CARIBBEAN CRUISES LTD	$3,744,000	–	57,391	–	1.20%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$3,649,000	–	49,614	–	1.17%	–
PG	New	PROCTER & GAMBLE CO	$3,527,000	–	41,655	–	1.13%	–
T	New	AT & T INC	$3,517,000	–	81,401	–	1.13%	–
MRK	New	MERCK & CO INC	$3,495,000	–	60,660	–	1.12%	–
AGN	New	ALLERGAN INC	$2,968,000	–	12,842	–	0.95%	–
ADP	New	AUTO DATA PROCESSING	$2,872,000	–	31,267	–	0.92%	–
DIS	New	DISNEY WALT HOLDING CO	$2,857,000	–	29,210	–	0.92%	–
CB	New	CHUBB CORPORATION	$2,778,000	–	21,256	–	0.89%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,769,000	–	21,572	–	0.89%	–
BK	New	THE BANK OF NY MELLON CORP	$2,726,000	–	70,180	–	0.87%	–
FB	New	FACEBOOK INC CL A	$2,587,000	–	22,638	–	0.83%	–
GS	New	GOLDMAN SACHS GROUP INC	$2,416,000	–	16,262	–	0.78%	–
DOW	New	DOW CHEMICAL COMPANY	$2,414,000	–	48,552	–	0.77%	–
BAC	New	BANKAMERICA CORP	$2,395,000	–	180,478	–	0.77%	–
PFF	New	ISHARES TR S&P US PFD STK INDE	$2,334,000	–	58,500	–	0.75%	–
GLW	New	CORNING INC	$2,331,000	–	113,807	–	0.75%	–
	New	3M COMPANY	$2,304,000	–	13,159	–	0.74%	–
GOOG	New	ALPHABET INC CLASS C	$1,955,000	–	2,825	–	0.63%	–
SYY	New	SYSCO CORPORATION	$1,927,000	–	37,977	–	0.62%	–
SBUX	New	STARBUCKS CORP	$1,918,000	–	33,580	–	0.62%	–
STI	New	SUNTRUST BANKS INC	$1,886,000	–	45,915	–	0.60%	–
CTXS	New	CITRIX SYSTEMS INC	$1,873,000	–	23,385	–	0.60%	–
SE	New	SPECTRA ENERGY CORP	$1,773,000	–	48,412	–	0.57%	–
HRS	New	HARRIS CORP DEL	$1,764,000	–	21,135	–	0.57%	–
RTN	New	RAYTHEON COMPANY NEW	$1,741,000	–	12,805	–	0.56%	–
TROW	New	PRICE T ROWE GROUP INC	$1,730,000	–	23,703	–	0.56%	–
WMT	New	WAL-MART STORES INC	$1,718,000	–	23,523	–	0.55%	–
IBM	New	INTL BUSINESS MACHINES	$1,717,000	–	11,314	–	0.55%	–
HAL	New	HALLIBURTON COMPANY	$1,689,000	–	37,301	–	0.54%	–
SJM	New	SMUCKER J M CO	$1,629,000	–	10,687	–	0.52%	–
NKE	New	NIKE INC CLASS B	$1,624,000	–	29,420	–	0.52%	–
EMR	New	EMERSON ELECTRIC CO	$1,567,000	–	30,046	–	0.50%	–
AVGO	New	BROADCOM LTD	$1,555,000	–	10,004	–	0.50%	–
GILD	New	GILEAD SCIENCES INC	$1,542,000	–	18,485	–	0.50%	–
RHT	New	RED HAT INC	$1,529,000	–	21,065	–	0.49%	–
MAS	New	MASCO CORP	$1,421,000	–	45,912	–	0.46%	–
PNC	New	PNC FINANCIAL SERVICES	$1,409,000	–	17,312	–	0.45%	–
ADBE	New	ADOBE SYSTEMS INC	$1,378,000	–	14,386	–	0.44%	–
MO	New	ALTRIA GROUP INC	$1,375,000	–	19,935	–	0.44%	–
COP	New	CONOCOPHILLIPS	$1,347,000	–	30,885	–	0.43%	–
DG	New	DOLLAR GENERAL CORPORATION	$1,327,000	–	14,120	–	0.43%	–
AMGN	New	AMGEN INC COM	$1,288,000	–	8,463	–	0.41%	–
DUK	New	DUKE ENERGY CORPORATION	$1,283,000	–	14,956	–	0.41%	–
PSX	New	PHILLIPS 66	$1,262,000	–	15,905	–	0.40%	–
CAH	New	CARDINAL HEALTH INC	$1,196,000	–	15,325	–	0.38%	–
CELG	New	CELGENE CORP	$1,176,000	–	11,922	–	0.38%	–
MDLZ	New	MONDELEZ INTL INC CL A	$1,163,000	–	25,560	–	0.37%	–
	New	TIME WARNER INC	$1,147,000	–	15,598	–	0.37%	–
NOC	New	NORTHROP GRUMMAN CORP	$1,146,000	–	5,155	–	0.37%	–
JCI	New	JOHNSON CONTROLS INC	$1,125,000	–	25,415	–	0.36%	–
	New	ABBVIE INC COM	$1,119,000	–	18,072	–	0.36%	–
LMT	New	LOCKHEED MARTIN CORP	$1,034,000	–	4,166	–	0.33%	–
TD	New	TORONTO DOMINION BK	$1,017,000	–	23,700	–	0.33%	–
BERK	New	BERKSHIRE BANCP INC DEL	$946,000	–	122,009	–	0.30%	–
PPL	New	PPL CORPORATION	$921,000	–	24,387	–	0.30%	–
MMC	New	MARSH & MCLENNAN CO INC	$918,000	–	13,416	–	0.29%	–
STJ	New	ST JUDE MEDICAL INC	$916,000	–	11,750	–	0.29%	–
FDX	New	FEDEX CORPORATION	$817,000	–	5,385	–	0.26%	–
FPL	New	NEXTERA ENERGY INC.	$774,000	–	5,932	–	0.25%	–
EL	New	ESTEE LAUDER COMPANIES INC	$767,000	–	8,424	–	0.25%	–
LOW	New	LOWES COMPANIES INC	$699,000	–	8,825	–	0.22%	–
DD	New	DU PONT E I DE NEMOUR&CO	$697,000	–	10,751	–	0.22%	–
VLO	New	VALERO ENERGY CORP	$685,000	–	13,425	–	0.22%	–
EMC	New	E M C CORP MASS	$683,000	–	25,150	–	0.22%	–
OSK	New	OSHKOSH CORP	$649,000	–	13,605	–	0.21%	–
IFF	New	INTL FLAVOR & FRAGRANCES	$649,000	–	5,150	–	0.21%	–
ABT	New	ABBOTT LABORATORIES	$619,000	–	15,749	–	0.20%	–
USB	New	US BANCORP DEL NEW	$617,000	–	15,300	–	0.20%	–
CSX	New	C S X CORP	$595,000	–	22,830	–	0.19%	–
MCD	New	MCDONALDS CORP	$590,000	–	4,905	–	0.19%	–
MS	New	MORGAN STANLEY	$589,000	–	22,690	–	0.19%	–
MET	New	METLIFE INC	$580,000	–	14,562	–	0.19%	–
ITW	New	ILLINOIS TOOL WORKS INC	$569,000	–	5,463	–	0.18%	–
LECO	New	LINCOLN ELEC HLDGS INC	$537,000	–	9,085	–	0.17%	–
SO	New	THE SOUTHERN COMPANY	$516,000	–	9,616	–	0.17%	–
KMB	New	KIMBERLY-CLARK CORP	$498,000	–	3,625	–	0.16%	–
KMX	New	CARMAX INC	$450,000	–	9,185	–	0.14%	–
LEN	New	LENNAR CORP	$450,000	–	9,769	–	0.14%	–
KO	New	COCA COLA COMPANY	$445,000	–	9,825	–	0.14%	–
CMC	New	COMMERCIAL METALS CO	$442,000	–	26,166	–	0.14%	–
RDSA	New	ROYAL DUTCH SHELL SPON ADR	$432,000	–	7,825	–	0.14%	–
CL	New	COLGATE-PALMOLIVE CO	$433,000	–	5,913	–	0.14%	–
HON	New	HONEYWELL INTERNATIONAL	$416,000	–	3,580	–	0.13%	–
TAP	New	MOLSON COORS	$408,000	–	4,037	–	0.13%	–
JFBC	New	JEFFERSONVILLE BANCORP	$402,000	–	30,006	–	0.13%	–
CAT	New	CATERPILLAR INC	$403,000	–	5,314	–	0.13%	–
AMT	New	AMERN TOWER CORP CLASS A	$401,000	–	3,530	–	0.13%	–
ATRI	New	ATRION CORP	$385,000	–	900	–	0.12%	–
SCHW	New	THE CHARLES SCHWAB CORP	$378,000	–	14,921	–	0.12%	–
TEVA	New	TEVA PHARM INDS LTD ADRF	$346,000	–	6,886	–	0.11%	–
QCOM	New	QUALCOMM INC	$336,000	–	6,268	–	0.11%	–
SHW	New	SHERWIN WILLIAMS CO	$327,000	–	1,112	–	0.10%	–
BP	New	BP PLC ADR	$322,000	–	9,054	–	0.10%	–
CMCSA	New	COMCAST CORP NEW CL A	$317,000	–	4,856	–	0.10%	–
M	New	MACYS INC	$318,000	–	9,475	–	0.10%	–
SKX	New	SKECHERS USA INC	$309,000	–	10,403	–	0.10%	–
NVS	New	NOVARTIS A G SPON ADR	$296,000	–	3,590	–	0.10%	–
PKI	New	PERKINELMER INC	$290,000	–	5,540	–	0.09%	–
EQT	New	EQT CORPORATION	$290,000	–	3,750	–	0.09%	–
NSC	New	NORFOLK SOUTHERN CORP	$285,000	–	3,350	–	0.09%	–
CAG	New	CONAGRA FOODS INC	$267,000	–	5,575	–	0.09%	–
INT	New	WORLD FUEL SERVICES CORP	$261,000	–	5,500	–	0.08%	–
BCPC	New	BALCHEM CORP	$263,000	–	4,405	–	0.08%	–
IYW	New	ISHARES TR DOW JONES US TECH S	$258,000	–	2,450	–	0.08%	–
LYB	New	LYONDELLBASELL INDUSTRIES NV	$256,000	–	3,446	–	0.08%	–
DRI	New	DARDEN RESTAURANTS INC	$255,000	–	4,025	–	0.08%	–
ED	New	CONSOLIDATED EDISON INC	$252,000	–	3,130	–	0.08%	–
WMB	New	WILLIAMS COMPANIES	$249,000	–	11,512	–	0.08%	–
ALB	New	ALBEMARLE CORP	$232,000	–	2,920	–	0.07%	–
SSS	New	SOVRAN SELF STORAGE INC	$224,000	–	2,135	–	0.07%	–
EPD	New	ENTERPRISE PRD PRTNRS LP	$224,000	–	7,647	–	0.07%	–
MTB	New	M & T BANK CORP	$222,000	–	1,881	–	0.07%	–
UNH	New	UNITED HEALTHCARE CORP	$215,000	–	5,044	–	0.07%	–
MXIM	New	MAXIM INTEGRATED PRODS	$207,000	–	5,800	–	0.07%	–
EGN	New	ENERGEN CORPORATION	$202,000	–	4,200	–	0.06%	–
EBAY	New	EBAY INC COM	$201,000	–	8,580	–	0.06%	–
AMLP	New	ALPS ALERIAN MLP ETF	$163,000	–	12,850	–	0.05%	–
ARIA	New	ARIAD PHARMACEUTICALS INC	$148,000	–	20,000	–	0.05%	–
TWO	New	TWO HBRS INVT CORP COM	$111,000	–	13,000	–	0.04%	–
RNN	New	REXAHN PHARMACEUTICALS INC	$50,000	–	200,000	–	0.02%	–
WORX	New	WORLDS ONLINE INC	$23,000	–	206,667	–	0.01%	–
WDDD	New	WOLDS INC	$8,000	–	650,000	–	0.00%	–
CBI	New	CHIMERA ENERGY CORP COM	$0	–	16,600	–	0.00%	–
WMNS	New	WESTMONT RESOURCES INC	$0	–	30,000	–	0.00%	–
BRWC	New	BOREAL WATER COLLECTION INC CO	$0	–	35,700	–	0.00%	–
ASPR	New	ADSOUTH PARTNERS INC	$0	–	10,001	–	0.00%	–
AIMG	New	AIMGLOBAL TECHNOLOGIES INC	$0	–	41,000	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
DSCVF	Exit	DISCOVERY CORP ENTERPRISES INC	$0	–	-34,000	–	0.00%	–
ASPR	Exit	ADSOUTH PARTNERS INC	$0	–	-10,001	–	0.00%	–
BRWC	Exit	BOREAL WATER COLLECTION INC CO	$0	–	-35,700	–	0.00%	–
AIMG	Exit	AIMGLOBAL TECHNOLOGIES INC	$0	–	-41,000	–	0.00%	–
CBI	Exit	CHIMERA ENERGY CORP COM	$0	–	-16,600	–	0.00%	–
ATHX	Exit	ATHERSYS INC	$0	–	-22,500	–	-0.01%	–
WORX	Exit	WORLDS ONLINE INC	$0	–	-206,667	–	-0.01%	–
WDDD	Exit	WOLDS INC	$0	–	-650,000	–	-0.01%	–
NYNY	Exit	EMPIRE RESORTS INC CO NEW	$0	–	-11,570	–	-0.02%	–
TWO	Exit	TWO HBRS INVT CORP COM	$0	–	-13,000	–	-0.04%	–
ARIA	Exit	ARIAD PHARMACEUTICALS INC	$0	–	-20,000	–	-0.04%	–
AMLP	Exit	ALPS ALERIAN MLP ETF	$0	–	-14,150	–	-0.06%	–
MDU	Exit	M D U RESOURCES GROUP	$0	–	-11,946	–	-0.07%	–
XLY	Exit	SELECT SECTOR CONSUMER DIS SPD	$0	–	-2,767	–	-0.07%	–
YUM	Exit	YUM! BRANDS, INC.	$0	–	-2,571	–	-0.07%	–
EPD	Exit	ENTERPRISE PRD PRTNRS LP	$0	–	-8,258	–	-0.07%	–
EGN	Exit	ENERGEN CORPORATION	$0	–	-4,200	–	-0.07%	–
MXIM	Exit	MAXIM INTEGRATED PRODS	$0	–	-4,085	–	-0.07%	–
BRCM	Exit	BROADCOM CORP CL A	$0	–	-4,225	–	-0.07%	–
MTB	Exit	M & T BANK CORP	$0	–	-1,806	–	-0.07%	–
TYC	Exit	TYCO INTL LTD NEW	$0	–	-6,680	–	-0.07%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-5,775	–	-0.08%	–
MON	Exit	MONSANTO CO NEW DEL	$0	–	-2,772	–	-0.08%	–
ADBE	Exit	ADOBE SYSTEMS INC	$0	–	-2,925	–	-0.08%	–
ALCO	Exit	ALICO INC	$0	–	-5,952	–	-0.08%	–
IYW	Exit	ISHARES TR DOW JONES US TECH S	$0	–	-2,450	–	-0.08%	–
XLV	Exit	SELECT SECTOR SPDR FD HEALTH C	$0	–	-3,692	–	-0.08%	–
EQT	Exit	EQT CORPORATION	$0	–	-3,750	–	-0.08%	–
LEN	Exit	LENNAR CORP	$0	–	-5,275	–	-0.08%	–
XLF	Exit	SELECT SECTOR SPDR TR FINANCIA	$0	–	-11,319	–	-0.08%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-5,015	–	-0.08%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-3,925	–	-0.09%	–
TAP	Exit	MOLSON COORS	$0	–	-3,380	–	-0.09%	–
HON	Exit	HONEYWELL INTERNATIONAL	$0	–	-3,035	–	-0.09%	–
BCPC	Exit	BALCHEM CORP	$0	–	-4,905	–	-0.10%	–
SJM	Exit	J M SMUCKERS CO NEW	$0	–	-2,650	–	-0.10%	–
EL	Exit	ESTEE LAUDER COMPANIES INC	$0	–	-4,265	–	-0.11%	–
MS	Exit	MORGAN STANLEY	$0	–	-11,085	–	-0.11%	–
AMT	Exit	AMERN TOWER CORP CLASS A	$0	–	-4,175	–	-0.12%	–
DG	Exit	DOLLAR GENERAL CORPORATION	$0	–	-5,140	–	-0.12%	–
BP	Exit	BP PLC ADR	$0	–	-13,040	–	-0.13%	–
JFBC	Exit	JEFFERSONVILLE BANCORP	$0	–	-30,006	–	-0.13%	–
CAT	Exit	CATERPILLAR INC	$0	–	-6,294	–	-0.13%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-7,389	–	-0.14%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-3,975	–	-0.14%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-7,013	–	-0.14%	–
SCHW	Exit	THE CHARLES SCHWAB CORP	$0	–	-15,546	–	-0.14%	–
WMB	Exit	WILLIAMS COMPANIES	$0	–	-12,095	–	-0.14%	–
BLK	Exit	BLACKROCK INC	$0	–	-1,532	–	-0.15%	–
TEVA	Exit	TEVA PHARM INDS LTD ADRF	$0	–	-8,736	–	-0.16%	–
MMC	Exit	MARSH & MCLENNAN CO INC	$0	–	-9,490	–	-0.16%	–
SO	Exit	THE SOUTHERN COMPANY	$0	–	-11,203	–	-0.16%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-6,113	–	-0.16%	–
OSK	Exit	OSHKOSH CORP	$0	–	-13,975	–	-0.16%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,515	–	-0.17%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-22,633	–	-0.19%	–
MCD	Exit	MCDONALDS CORP	$0	–	-6,085	–	-0.20%	–
RDSA	Exit	ROYAL DUTCH SHELL SPON ADR	$0	–	-13,045	–	-0.20%	–
CSX	Exit	C S X CORP	$0	–	-23,225	–	-0.20%	–
USB	Exit	US BANCORP DEL NEW	$0	–	-15,325	–	-0.20%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-8,515	–	-0.21%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-9,700	–	-0.22%	–
FPL	Exit	NEXTERA ENERGY INC.	$0	–	-6,853	–	-0.22%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-16,724	–	-0.22%	–
DD	Exit	DU PONT E I DE NEMOUR&CO	$0	–	-13,974	–	-0.22%	–
KMX	Exit	CARMAX INC	$0	–	-11,465	–	-0.22%	–
MAS	Exit	MASCO CORP	$0	–	-27,065	–	-0.22%	–
RHT	Exit	RED HAT INC	$0	–	-9,690	–	-0.23%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-4,980	–	-0.23%	–
QCOM	Exit	QUALCOMM INC	$0	–	-13,485	–	-0.24%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-12,390	–	-0.24%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-8,140	–	-0.24%	–
CELG	Exit	CELGENE CORP	$0	–	-6,975	–	-0.24%	–
IFF	Exit	INTL FLAVOR & FRAGRANCES	$0	–	-7,540	–	-0.25%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-57,978	–	-0.26%	–
PPL	Exit	PPL CORPORATION	$0	–	-24,555	–	-0.26%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-9,394	–	-0.27%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-11,766	–	-0.27%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-5,570	–	-0.30%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-13,007	–	-0.31%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-9,675	–	-0.31%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-4,320	–	-0.32%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-24,770	–	-0.33%	–
BERK	Exit	BERKSHIRE BANCP INC DEL	$0	–	-132,549	–	-0.33%	–
STI	Exit	SUNTRUST BANKS INC	$0	–	-27,195	–	-0.34%	–
GOOG	Exit	ALPHABET INC CLASS C	$0	–	-1,750	–	-0.34%	–
	Exit	ABBVIE INC COM	$0	–	-19,665	–	-0.35%	–
ATRI	Exit	ATRION CORP	$0	–	-3,000	–	-0.36%	–
UNH	Exit	UNITED HEALTHCARE CORP	$0	–	-10,220	–	-0.38%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-9,685	–	-0.39%	–
NVEC	Exit	NVE CORP	$0	–	-25,000	–	-0.39%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-22,350	–	-0.39%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-17,660	–	-0.40%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-11,265	–	-0.40%	–
TD	Exit	TORONTO DOMINION BK	$0	–	-31,550	–	-0.40%	–
MDLZ	Exit	MONDELEZ INTL INC CL A	$0	–	-29,760	–	-0.40%	–
PSX	Exit	PHILLIPS 66	$0	–	-16,488	–	-0.41%	–
AMGN	Exit	AMGEN INC COM	$0	–	-9,216	–	-0.41%	–
FB	Exit	FACEBOOK INC CL A	$0	–	-15,488	–	-0.45%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-24,605	–	-0.45%	–
EMC	Exit	E M C CORP MASS	$0	–	-59,446	–	-0.47%	–
MET	Exit	METLIFE INC	$0	–	-32,818	–	-0.50%	–
PNC	Exit	PNC FINANCIAL SERVICES	$0	–	-17,837	–	-0.52%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-36,806	–	-0.53%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-21,530	–	-0.54%	–
STJ	Exit	ST JUDE MEDICAL INC	$0	–	-27,000	–	-0.55%	–
	Exit	TIME WARNER INC	$0	–	-26,179	–	-0.58%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-46,574	–	-0.59%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-13,431	–	-0.63%	–
GLW	Exit	CORNING INC	$0	–	-116,546	–	-0.65%	–
PFF	Exit	ISHARES TR S&P US PFD STK INDE	$0	–	-51,900	–	-0.65%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-29,755	–	-0.67%	–
	Exit	3M COMPANY	$0	–	-14,734	–	-0.68%	–
DOW	Exit	DOW CHEMICAL COMPANY	$0	–	-49,614	–	-0.68%	–
DIS	Exit	DISNEY WALT HOLDING CO	$0	–	-21,843	–	-0.72%	–
HAL	Exit	HALLIBURTON COMPANY	$0	–	-68,399	–	-0.78%	–
KO	Exit	COCA COLA COMPANY	$0	–	-62,170	–	-0.81%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-32,372	–	-0.84%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-55,518	–	-0.86%	–
T	Exit	AT & T INC	$0	–	-83,640	–	-0.88%	–
BK	Exit	THE BANK OF NY MELLON CORP	$0	–	-69,985	–	-0.89%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-16,310	–	-0.92%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-44,417	–	-0.93%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-41,397	–	-0.95%	–
MRK	Exit	MERCK & CO INC	$0	–	-62,960	–	-1.01%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-54,783	–	-1.05%	–
BAC	Exit	BANKAMERICA CORP	$0	–	-213,607	–	-1.08%	–
AGN	Exit	ALLERGAN INC	$0	–	-12,502	–	-1.10%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-31,128	–	-1.11%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-47,728	–	-1.11%	–
RMD	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-64,360	–	-1.24%	–
ESRX	Exit	EXPRESS SCRIPTS A	$0	–	-47,583	–	-1.25%	–
BA	Exit	BOEING CO	$0	–	-29,975	–	-1.27%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-77,240	–	-1.29%	–
CB	Exit	CHUBB CORPORATION	$0	–	-32,491	–	-1.29%	–
CVX	Exit	CHEVRONTEXACO CORP	$0	–	-50,589	–	-1.29%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-164,388	–	-1.40%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-99,630	–	-1.40%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-130,411	–	-1.53%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-157,044	–	-1.60%	–
TMO	Exit	THERMO ELECTRON CORP	$0	–	-41,716	–	-1.65%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-84,074	–	-1.66%	–
INTC	Exit	INTEL CORP	$0	–	-173,918	–	-1.70%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-57,553	–	-1.76%	–
LLY	Exit	ELI LILLY & COMPANY	$0	–	-66,248	–	-1.80%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-80,082	–	-1.93%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-137,389	–	-1.97%	–
CVS	Exit	C V S CORP DEL	$0	–	-64,738	–	-2.02%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-251,385	–	-2.06%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-85,779	–	-2.60%	–
HD	Exit	HOME DEPOT INC	$0	–	-70,986	–	-2.66%	–
RSG	Exit	REPUBLIC SERVICES INC	$0	–	-204,170	–	-2.73%	–
STL	Exit	STERLING BANCORP DEL COM	$0	–	-570,600	–	-2.75%	–
ISRG	Exit	INTUITIVE SURGICAL INC NEW	$0	–	-33,310	–	-4.96%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-238,633	–	-5.18%	–
OCBI	Exit	ORANGE CNTY BANCORP INC	$0	–	-473,673	–	-7.52%	–

Q3 2015

			Value		Shares		↓ Weighting
OCBI	Sell	ORANGE CNTY BANCORP INC	$23,210,000	+4.4%	473,673	-0.9%	7.52%	+8.4%
MDT	Sell	MEDTRONIC PLC	$15,974,000	-9.9%	238,633	-0.2%	5.18%	-6.4%
STL	Sell	STERLING BANCORP DEL COM	$8,485,000	+0.6%	570,600	-0.6%	2.75%	+4.4%
RSG	New	REPUBLIC SERVICES INC	$8,412,000	–	204,170	–	2.73%	–
HD	Sell	HOME DEPOT INC	$8,198,000	+2.1%	70,986	-1.8%	2.66%	+6.0%
JNJ	Sell	JOHNSON & JOHNSON	$8,007,000	-8.3%	85,779	-4.3%	2.60%	-4.8%
GE	Sell	GENERAL ELECTRIC COMPANY	$6,340,000	-7.4%	251,385	-2.4%	2.06%	-3.8%
CVS	Buy	C V S CORP DEL	$6,246,000	-7.1%	64,738	+1.0%	2.02%	-3.5%
MSFT	Sell	MICROSOFT CORP	$6,081,000	-1.5%	137,389	-1.7%	1.97%	+2.4%
XOM	Buy	EXXON MOBIL CORPORATION	$5,954,000	-10.3%	80,082	+0.4%	1.93%	-6.8%
LLY	Sell	ELI LILLY & COMPANY	$5,544,000	-0.1%	66,248	-0.3%	1.80%	+3.8%
PEP	Buy	PEPSICO INCORPORATED	$5,427,000	+1.1%	57,553	+0.1%	1.76%	+5.1%
INTC	Sell	INTEL CORP	$5,242,000	-8.0%	173,918	-7.2%	1.70%	-4.4%
JPM	Buy	JP MORGAN CHASE & CO	$5,126,000	-9.6%	84,074	+0.5%	1.66%	-6.1%
TMO	Sell	THERMO ELECTRON CORP	$5,101,000	-6.8%	41,716	-1.1%	1.65%	-3.2%
PFE	Sell	PFIZER INCORPORATED	$4,933,000	-7.7%	157,044	-1.5%	1.60%	-4.1%
ORCL	Sell	ORACLE CORPORATION	$4,710,000	-13.1%	130,411	-3.1%	1.53%	-9.8%
VZ	Buy	VERIZON COMMUNICATIONS	$4,335,000	+11.5%	99,630	+19.4%	1.40%	+15.7%
CSCO	Buy	CISCO SYSTEMS INC	$4,315,000	-3.6%	164,388	+0.9%	1.40%	+0.1%
CVX	Sell	CHEVRONTEXACO CORP	$3,990,000	-22.2%	50,589	-4.9%	1.29%	-19.2%
CB	Sell	CHUBB CORPORATION	$3,985,000	+14.7%	32,491	-11.0%	1.29%	+19.2%
WFC	Buy	WELLS FARGO & CO NEW	$3,966,000	-7.4%	77,240	+1.4%	1.29%	-3.8%
BA	Sell	BOEING CO	$3,925,000	-6.3%	29,975	-0.7%	1.27%	-2.6%
ESRX	Buy	EXPRESS SCRIPTS A	$3,852,000	-8.0%	47,583	+1.1%	1.25%	-4.4%
RMD	Buy	ROYAL CARIBBEAN CRUISES LTD	$3,827,000	+18.7%	64,360	+16.7%	1.24%	+23.4%
AAPL	Sell	APPLE COMPUTER INC	$3,433,000	-18.8%	31,128	-7.6%	1.11%	-15.6%
PG	Sell	PROCTER & GAMBLE CO	$3,434,000	-20.9%	47,728	-14.0%	1.11%	-17.9%
AGN	Sell	ALLERGAN INC	$3,398,000	-19.0%	12,502	-9.5%	1.10%	-15.8%
BAC	Buy	BANKAMERICA CORP	$3,328,000	-8.4%	213,607	+0.1%	1.08%	-4.9%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$3,243,000	-14.0%	54,783	-3.3%	1.05%	-10.6%
MRK	Buy	MERCK & CO INC	$3,110,000	-10.7%	62,960	+2.9%	1.01%	-7.4%
KHC	New	KRAFT HEINZ CO	$2,922,000	–	41,397	–	0.95%	–
WMT	Sell	WAL-MART STORES INC	$2,880,000	-23.5%	44,417	-16.4%	0.93%	-20.6%
GS	Buy	GOLDMAN SACHS GROUP INC	$2,834,000	-11.8%	16,310	+6.0%	0.92%	-8.4%
BK	Buy	THE BANK OF NY MELLON CORP	$2,740,000	-5.2%	69,985	+1.6%	0.89%	-1.6%
T	Sell	AT & T INC	$2,725,000	-18.7%	83,640	-11.3%	0.88%	-15.6%
COP	Sell	CONOCOPHILLIPS	$2,663,000	-26.2%	55,518	-5.5%	0.86%	-23.4%
ADP	Sell	AUTO DATA PROCESSING	$2,601,000	-6.0%	32,372	-6.2%	0.84%	-2.4%
KO	Sell	COCA COLA COMPANY	$2,494,000	-0.4%	62,170	-2.6%	0.81%	+3.5%
HAL	Sell	HALLIBURTON COMPANY	$2,418,000	-32.0%	68,399	-17.2%	0.78%	-29.4%
DIS	Buy	DISNEY WALT HOLDING CO	$2,232,000	+11.3%	21,843	+24.3%	0.72%	+15.7%
DOW	Sell	DOW CHEMICAL COMPANY	$2,104,000	-19.8%	49,614	-3.3%	0.68%	-16.7%
	Sell	3M COMPANY	$2,089,000	-19.4%	14,734	-12.3%	0.68%	-16.3%
CTXS	Sell	CITRIX SYSTEMS INC	$2,061,000	-9.1%	29,755	-8.0%	0.67%	-5.6%
PFF	Buy	ISHARES TR S&P US PFD STK INDE	$2,003,000	+0.3%	51,900	+1.8%	0.65%	+4.2%
GLW	Buy	CORNING INC	$1,995,000	-2.1%	116,546	+12.9%	0.65%	+1.7%
IBM	Sell	INTL BUSINESS MACHINES	$1,947,000	-15.3%	13,431	-5.0%	0.63%	-12.1%
SYY	Sell	SYSCO CORPORATION	$1,815,000	+1.9%	46,574	-5.7%	0.59%	+5.8%
	Sell	TIME WARNER INC	$1,800,000	-28.4%	26,179	-8.9%	0.58%	-25.5%
CAH	Sell	CARDINAL HEALTH INC	$1,654,000	-21.5%	21,530	-14.5%	0.54%	-18.4%
EMR	Sell	EMERSON ELECTRIC CO	$1,626,000	-41.7%	36,806	-26.9%	0.53%	-39.5%
PNC	Sell	PNC FINANCIAL SERVICES	$1,591,000	-20.8%	17,837	-15.1%	0.52%	-17.7%
MET	Sell	METLIFE INC	$1,547,000	-23.2%	32,818	-8.8%	0.50%	-20.2%
EMC	Sell	E M C CORP MASS	$1,436,000	-27.9%	59,446	-21.3%	0.47%	-25.1%
SBUX	Buy	STARBUCKS CORP	$1,399,000	+54.6%	24,605	+45.7%	0.45%	+61.0%
FB	Buy	FACEBOOK INC CL A	$1,392,000	+218.5%	15,488	+204.0%	0.45%	+231.6%
AMGN	Buy	AMGEN INC COM	$1,275,000	-9.3%	9,216	+0.7%	0.41%	-5.9%
PSX	Sell	PHILLIPS 66	$1,267,000	-20.3%	16,488	-16.4%	0.41%	-17.1%
MDLZ	Sell	MONDELEZ INTL INC CL A	$1,246,000	-10.2%	29,760	-11.7%	0.40%	-6.7%
TD	Sell	TORONTO DOMINION BK	$1,244,000	-17.7%	31,550	-11.3%	0.40%	-14.6%
RTN	Sell	RAYTHEON COMPANY NEW	$1,231,000	+10.5%	11,265	-3.2%	0.40%	+14.7%
TROW	Buy	PRICE T ROWE GROUP INC	$1,227,000	+247.6%	17,660	+289.0%	0.40%	+261.8%
MO	Sell	ALTRIA GROUP INC	$1,216,000	+3.3%	22,350	-7.1%	0.39%	+7.4%
NKE	Sell	NIKE INC CLASS B	$1,191,000	+10.9%	9,685	-2.6%	0.39%	+15.2%
UNH	Buy	UNITED HEALTHCARE CORP	$1,186,000	+77.8%	10,220	+86.8%	0.38%	+85.1%
	Sell	ABBVIE INC COM	$1,070,000	-22.9%	19,665	-4.8%	0.35%	-19.9%
GOOG	New	ALPHABET INC CLASS C	$1,065,000	–	1,750	–	0.34%	–
STI	Buy	SUNTRUST BANKS INC	$1,040,000	+98.1%	27,195	+122.9%	0.34%	+105.5%
JCI	Buy	JOHNSON CONTROLS INC	$1,024,000	+286.4%	24,770	+363.4%	0.33%	+300.0%
PCP	Sell	PRECISION CASTPARTS CORP	$992,000	-25.0%	4,320	-34.7%	0.32%	-22.0%
HRS	Buy	HARRIS CORP DEL	$951,000	+103.2%	13,007	+113.7%	0.31%	+111.0%
GILD	Buy	GILEAD SCIENCES INC	$950,000	+120.4%	9,675	+162.8%	0.31%	+128.1%
NOC	Sell	NORTHROP GRUMMAN CORP	$924,000	-14.4%	5,570	-18.1%	0.30%	-11.0%
DUK	Buy	DUKE ENERGY CORPORATION	$846,000	+25.1%	11,766	+23.0%	0.27%	+29.9%
UTX	Sell	UNITED TECHNOLOGIES CORP	$836,000	-23.7%	9,394	-4.8%	0.27%	-20.8%
PPL	Buy	PPL CORPORATION	$808,000	+12.1%	24,555	+0.4%	0.26%	+16.4%
IFF	Sell	INTL FLAVOR & FRAGRANCES	$779,000	-13.5%	7,540	-8.5%	0.25%	-10.0%
CELG	Buy	CELGENE CORP	$754,000	+13.4%	6,975	+21.3%	0.24%	+17.3%
NVS	Sell	NOVARTIS A G SPON ADR	$748,000	-11.2%	8,140	-5.0%	0.24%	-7.6%
VLO	Sell	VALERO ENERGY CORP	$745,000	-50.5%	12,390	-48.5%	0.24%	-48.5%
QCOM	Sell	QUALCOMM INC	$725,000	-58.3%	13,485	-51.4%	0.24%	-56.7%
FDX	Buy	FEDEX CORPORATION	$717,000	+16.6%	4,980	+38.0%	0.23%	+20.8%
RHT	New	RED HAT INC	$697,000	–	9,690	–	0.23%	–
MAS	New	MASCO CORP	$681,000	–	27,065	–	0.22%	–
KMX	Buy	CARMAX INC	$680,000	+10.2%	11,465	+23.0%	0.22%	+14.0%
DD	Sell	DU PONT E I DE NEMOUR&CO	$674,000	-28.9%	13,974	-5.7%	0.22%	-26.0%
ABT	Sell	ABBOTT LABORATORIES	$673,000	-19.7%	16,724	-2.0%	0.22%	-16.8%
LOW	Sell	LOWES COMPANIES INC	$669,000	-8.1%	9,700	-10.8%	0.22%	-4.4%
FPL	Sell	NEXTERA ENERGY INC.	$668,000	-1.9%	6,853	-1.4%	0.22%	+1.9%
NSC	Sell	NORFOLK SOUTHERN CORP	$651,000	-31.1%	8,515	-21.3%	0.21%	-28.5%
USB	Sell	US BANCORP DEL NEW	$628,000	-9.1%	15,325	-3.8%	0.20%	-5.6%
CSX	Buy	C S X CORP	$625,000	+116.3%	23,225	+162.4%	0.20%	+125.6%
RDSA	Sell	ROYAL DUTCH SHELL SPON ADR	$618,000	-54.6%	13,045	-45.3%	0.20%	-52.9%
MCD	Sell	MCDONALDS CORP	$600,000	-14.2%	6,085	-17.3%	0.20%	-10.6%
SE	Buy	SPECTRA ENERGY CORP	$595,000	+8.4%	22,633	+34.5%	0.19%	+12.9%
LMT	Sell	LOCKHEED MARTIN CORP	$521,000	+3.2%	2,515	-7.4%	0.17%	+7.0%
OSK	New	OSHKOSH CORP	$508,000	–	13,975	–	0.16%	–
ITW	Sell	ILLINOIS TOOL WORKS INC	$503,000	-18.1%	6,113	-8.6%	0.16%	-15.1%
SO	Sell	THE SOUTHERN COMPANY	$501,000	-2.5%	11,203	-8.8%	0.16%	+1.2%
MMC	New	MARSH & MCLENNAN CO INC	$496,000	–	9,490	–	0.16%	–
TEVA	Sell	TEVA PHARM INDS LTD ADRF	$493,000	-11.6%	8,736	-7.4%	0.16%	-8.0%
BLK	Sell	BLACKROCK INC	$456,000	-19.6%	1,532	-6.5%	0.15%	-16.4%
WMB	Buy	WILLIAMS COMPANIES	$446,000	+23.9%	12,095	+92.7%	0.14%	+29.5%
SCHW	Sell	THE CHARLES SCHWAB CORP	$444,000	-14.0%	15,546	-1.6%	0.14%	-10.6%
CL	Sell	COLGATE-PALMOLIVE CO	$445,000	-14.6%	7,013	-11.9%	0.14%	-11.7%
KMB	Sell	KIMBERLY-CLARK CORP	$433,000	+0.2%	3,975	-2.5%	0.14%	+3.7%
CMCSA	Sell	COMCAST CORP NEW CL A	$420,000	-20.6%	7,389	-15.9%	0.14%	-17.6%
CAT	Sell	CATERPILLAR INC	$411,000	-61.0%	6,294	-49.3%	0.13%	-59.6%
BP	Sell	BP PLC ADR	$399,000	-39.6%	13,040	-21.1%	0.13%	-37.4%
DG	Buy	DOLLAR GENERAL CORPORATION	$372,000	+40.4%	5,140	+50.5%	0.12%	+45.8%
AMT	Sell	AMERN TOWER CORP CLASS A	$367,000	-11.1%	4,175	-5.6%	0.12%	-7.8%
MS	New	MORGAN STANLEY	$349,000	–	11,085	–	0.11%	–
EL	New	ESTEE LAUDER COMPANIES INC	$344,000	–	4,265	–	0.11%	–
SJM	New	J M SMUCKERS CO NEW	$302,000	–	2,650	–	0.10%	–
BCPC	Sell	BALCHEM CORP	$298,000	-11.3%	4,905	-18.7%	0.10%	-7.6%
HON	Sell	HONEYWELL INTERNATIONAL	$287,000	-19.2%	3,035	-12.9%	0.09%	-16.2%
TAP	New	MOLSON COORS	$281,000	–	3,380	–	0.09%	–
DRI	Sell	DARDEN RESTAURANTS INC	$269,000	-14.3%	3,925	-11.1%	0.09%	-11.2%
LECO	New	LINCOLN ELEC HLDGS INC	$263,000	–	5,015	–	0.08%	–
XLF	New	SELECT SECTOR SPDR TR FINANCIA	$256,000	–	11,319	–	0.08%	–
LEN	New	LENNAR CORP	$254,000	–	5,275	–	0.08%	–
XLV	New	SELECT SECTOR SPDR FD HEALTH C	$245,000	–	3,692	–	0.08%	–
ADBE	New	ADOBE SYSTEMS INC	$240,000	–	2,925	–	0.08%	–
MON	Sell	MONSANTO CO NEW DEL	$237,000	-24.5%	2,772	-5.9%	0.08%	-21.4%
CAG	Sell	CONAGRA FOODS INC	$234,000	-8.6%	5,775	-1.3%	0.08%	-5.0%
TYC	Sell	TYCO INTL LTD NEW	$224,000	-37.1%	6,680	-27.8%	0.07%	-34.2%
MTB	Sell	M & T BANK CORP	$220,000	-8.7%	1,806	-6.5%	0.07%	-5.3%
BRCM	New	BROADCOM CORP CL A	$217,000	–	4,225	–	0.07%	–
MXIM	Sell	MAXIM INTEGRATED PRODS	$210,000	-17.0%	4,085	-44.2%	0.07%	-13.9%
EPD	Buy	ENTERPRISE PRD PRTNRS LP	$206,000	-16.3%	8,258	+0.1%	0.07%	-13.0%
XLY	New	SELECT SECTOR CONSUMER DIS SPD	$205,000	–	2,767	–	0.07%	–
AMLP	Buy	ALPS ALERIAN MLP ETF	$177,000	-17.7%	14,150	+2.5%	0.06%	-14.9%
TWO	New	TWO HBRS INVT CORP COM	$115,000	–	13,000	–	0.04%	–
NYNY	New	EMPIRE RESORTS INC CO NEW	$49,000	–	11,570	–	0.02%	–
WDDD	Buy	WOLDS INC	$42,000	+600.0%	650,000	+1200.0%	0.01%	+600.0%
WORX	New	WORLDS ONLINE INC	$29,000	–	206,667	–	0.01%	–
ATHX	New	ATHERSYS INC	$25,000	–	22,500	–	0.01%	–
BCYP	Exit	BLUE CALYPSO INC	$0	–	-60,000	–	-0.00%	–
RNN	Exit	REXAHN PHARMACEUTICALS INC	$0	–	-200,000	–	-0.04%	–
4945SC	Exit	KINDER MORGAN ENERGY LP	$0	–	-5,291	–	-0.06%	–
AZN	Exit	ASTRAZENECA PLC ADR	$0	–	-3,188	–	-0.06%	–
CSWC	Exit	CAPITAL SOUTHWEST CORP	$0	–	-4,132	–	-0.06%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-2,631	–	-0.06%	–
UPS	Exit	UNITED PARCEL SERVICE B	$0	–	-2,306	–	-0.07%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-3,215	–	-0.08%	–
AXP	Exit	AMERICAN EXPRESS COMPANY	$0	–	-3,270	–	-0.08%	–
INT	Exit	WORLD FUEL SERVICES CORP	$0	–	-5,585	–	-0.08%	–
GOOG	Exit	GOOGLE INC CLASS C	$0	–	-626	–	-0.10%	–
TTE	Exit	TOTAL FINA ELF S A ADR	$0	–	-8,763	–	-0.14%	–
JAZZ	Exit	JAZZ PHARMACEUTICALS	$0	–	-5,000	–	-0.28%	–
KFT	Exit	KRAFT FOODS GROUP INC COM	$0	–	-41,835	–	-1.11%	–

Q2 2015

			Value		Shares		↓ Weighting
OCBI	New	ORANGE CNTY BANCORP INC	$22,230,000	–	478,073	–	6.94%	–
MDT	New	MEDTRONIC PLC	$17,722,000	–	239,158	–	5.53%	–
ISRG	New	INTUITIVE SURGICAL INC NEW	$16,139,000	–	33,310	–	5.04%	–
JNJ	New	JOHNSON & JOHNSON	$8,734,000	–	89,615	–	2.73%	–
STL	New	STERLING BANCORP DEL COM	$8,438,000	–	573,999	–	2.63%	–
HD	New	HOME DEPOT INC	$8,033,000	–	72,285	–	2.51%	–
GE	New	GENERAL ELECTRIC COMPANY	$6,845,000	–	257,638	–	2.14%	–
CVS	New	C V S CORP DEL	$6,725,000	–	64,122	–	2.10%	–
XOM	New	EXXON MOBIL CORPORATION	$6,636,000	–	79,762	–	2.07%	–
MSFT	New	MICROSOFT CORP	$6,171,000	–	139,764	–	1.93%	–
INTC	New	INTEL CORP	$5,698,000	–	187,358	–	1.78%	–
JPM	New	JP MORGAN CHASE & CO	$5,670,000	–	83,676	–	1.77%	–
LLY	New	ELI LILLY & COMPANY	$5,547,000	–	66,435	–	1.73%	–
TMO	New	THERMO ELECTRON CORP	$5,475,000	–	42,196	–	1.71%	–
ORCL	New	ORACLE CORPORATION	$5,423,000	–	134,570	–	1.69%	–
PEP	New	PEPSICO INCORPORATED	$5,366,000	–	57,488	–	1.68%	–
PFE	New	PFIZER INCORPORATED	$5,344,000	–	159,391	–	1.67%	–
CVX	New	CHEVRONTEXACO CORP	$5,130,000	–	53,177	–	1.60%	–
CSCO	New	CISCO SYSTEMS INC	$4,476,000	–	162,993	–	1.40%	–
PG	New	PROCTER & GAMBLE CO	$4,344,000	–	55,528	–	1.36%	–
WFC	New	WELLS FARGO & CO NEW	$4,282,000	–	76,144	–	1.34%	–
AAPL	New	APPLE COMPUTER INC	$4,226,000	–	33,694	–	1.32%	–
AGN	New	ALLERGAN INC	$4,194,000	–	13,819	–	1.31%	–
ESRX	New	EXPRESS SCRIPTS A	$4,186,000	–	47,068	–	1.31%	–
BA	New	BOEING CO	$4,187,000	–	30,184	–	1.31%	–
VZ	New	VERIZON COMMUNICATIONS	$3,889,000	–	83,431	–	1.21%	–
WMT	New	WAL-MART STORES INC	$3,766,000	–	53,102	–	1.18%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$3,769,000	–	56,646	–	1.18%	–
BAC	New	BANKAMERICA CORP	$3,633,000	–	213,456	–	1.13%	–
COP	New	CONOCOPHILLIPS	$3,607,000	–	58,738	–	1.13%	–
KFT	New	KRAFT FOODS GROUP INC COM	$3,562,000	–	41,835	–	1.11%	–
HAL	New	HALLIBURTON COMPANY	$3,556,000	–	82,574	–	1.11%	–
MRK	New	MERCK & CO INC	$3,484,000	–	61,205	–	1.09%	–
CB	New	CHUBB CORPORATION	$3,473,000	–	36,506	–	1.08%	–
T	New	AT & T INC	$3,351,000	–	94,338	–	1.05%	–
RMD	New	ROYAL CARIBBEAN CRUISES LTD	$3,223,000	–	55,150	–	1.01%	–
GS	New	GOLDMAN SACHS GROUP INC	$3,213,000	–	15,390	–	1.00%	–
BK	New	THE BANK OF NY MELLON CORP	$2,891,000	–	68,873	–	0.90%	–
EMR	New	EMERSON ELECTRIC CO	$2,789,000	–	50,319	–	0.87%	–
ADP	New	AUTO DATA PROCESSING	$2,768,000	–	34,497	–	0.86%	–
DOW	New	DOW CHEMICAL COMPANY	$2,625,000	–	51,299	–	0.82%	–
	New	3M COMPANY	$2,592,000	–	16,800	–	0.81%	–
	New	TIME WARNER INC	$2,513,000	–	28,745	–	0.78%	–
KO	New	COCA COLA COMPANY	$2,505,000	–	63,845	–	0.78%	–
IBM	New	INTL BUSINESS MACHINES	$2,299,000	–	14,136	–	0.72%	–
CTXS	New	CITRIX SYSTEMS INC	$2,268,000	–	32,330	–	0.71%	–
CAH	New	CARDINAL HEALTH INC	$2,106,000	–	25,180	–	0.66%	–
GLW	New	CORNING INC	$2,037,000	–	103,265	–	0.64%	–
MET	New	METLIFE INC	$2,014,000	–	35,969	–	0.63%	–
PNC	New	PNC FINANCIAL SERVICES	$2,010,000	–	21,009	–	0.63%	–
DIS	New	DISNEY WALT HOLDING CO	$2,006,000	–	17,578	–	0.63%	–
PFF	New	ISHARES TR S&P US PFD STK INDE	$1,997,000	–	50,987	–	0.62%	–
EMC	New	E M C CORP MASS	$1,993,000	–	75,515	–	0.62%	–
STJ	New	ST JUDE MEDICAL INC	$1,973,000	–	27,000	–	0.62%	–
NVEC	New	NVE CORP	$1,960,000	–	25,000	–	0.61%	–
SYY	New	SYSCO CORPORATION	$1,782,000	–	49,373	–	0.56%	–
QCOM	New	QUALCOMM INC	$1,740,000	–	27,774	–	0.54%	–
PSX	New	PHILLIPS 66	$1,589,000	–	19,725	–	0.50%	–
TD	New	TORONTO DOMINION BK	$1,511,000	–	35,550	–	0.47%	–
VLO	New	VALERO ENERGY CORP	$1,506,000	–	24,055	–	0.47%	–
AMGN	New	AMGEN INC COM	$1,405,000	–	9,151	–	0.44%	–
	New	ABBVIE INC COM	$1,388,000	–	20,665	–	0.43%	–
MDLZ	New	MONDELEZ INTL INC CL A	$1,387,000	–	33,710	–	0.43%	–
RDSA	New	ROYAL DUTCH SHELL SPON ADR	$1,361,000	–	23,868	–	0.42%	–
PCP	New	PRECISION CASTPARTS CORP	$1,323,000	–	6,620	–	0.41%	–
MO	New	ALTRIA GROUP INC	$1,177,000	–	24,057	–	0.37%	–
ATRI	New	ATRION CORP	$1,177,000	–	3,000	–	0.37%	–
RTN	New	RAYTHEON COMPANY NEW	$1,114,000	–	11,640	–	0.35%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,095,000	–	9,869	–	0.34%	–
NOC	New	NORTHROP GRUMMAN CORP	$1,079,000	–	6,805	–	0.34%	–
NKE	New	NIKE INC CLASS B	$1,074,000	–	9,940	–	0.34%	–
CAT	New	CATERPILLAR INC	$1,054,000	–	12,422	–	0.33%	–
BERK	New	BERKSHIRE BANCP INC DEL	$1,027,000	–	132,549	–	0.32%	–
DD	New	DU PONT E I DE NEMOUR&CO	$948,000	–	14,824	–	0.30%	–
NSC	New	NORFOLK SOUTHERN CORP	$945,000	–	10,817	–	0.30%	–
CMC	New	COMMERCIAL METALS CO	$932,000	–	57,978	–	0.29%	–
SBUX	New	STARBUCKS CORP	$905,000	–	16,885	–	0.28%	–
IFF	New	INTL FLAVOR & FRAGRANCES	$901,000	–	8,240	–	0.28%	–
JAZZ	New	JAZZ PHARMACEUTICALS	$880,000	–	5,000	–	0.28%	–
NVS	New	NOVARTIS A G SPON ADR	$842,000	–	8,565	–	0.26%	–
ABT	New	ABBOTT LABORATORIES	$838,000	–	17,074	–	0.26%	–
LOW	New	LOWES COMPANIES INC	$728,000	–	10,875	–	0.23%	–
PPL	New	PPL CORPORATION	$721,000	–	24,455	–	0.22%	–
MCD	New	MCDONALDS CORP	$699,000	–	7,355	–	0.22%	–
USB	New	US BANCORP DEL NEW	$691,000	–	15,925	–	0.22%	–
FPL	New	NEXTERA ENERGY INC.	$681,000	–	6,951	–	0.21%	–
DUK	New	DUKE ENERGY CORPORATION	$676,000	–	9,566	–	0.21%	–
UNH	New	UNITED HEALTHCARE CORP	$667,000	–	5,470	–	0.21%	–
CELG	New	CELGENE CORP	$665,000	–	5,750	–	0.21%	–
BP	New	BP PLC ADR	$661,000	–	16,534	–	0.21%	–
KMX	New	CARMAX INC	$617,000	–	9,319	–	0.19%	–
FDX	New	FEDEX CORPORATION	$615,000	–	3,609	–	0.19%	–
ITW	New	ILLINOIS TOOL WORKS INC	$614,000	–	6,688	–	0.19%	–
BLK	New	BLACKROCK INC	$567,000	–	1,638	–	0.18%	–
TEVA	New	TEVA PHARM INDS LTD ADRF	$558,000	–	9,436	–	0.17%	–
SE	New	SPECTRA ENERGY CORP	$549,000	–	16,833	–	0.17%	–
CMCSA	New	COMCAST CORP NEW CL A	$529,000	–	8,789	–	0.16%	–
STI	New	SUNTRUST BANKS INC	$525,000	–	12,200	–	0.16%	–
CL	New	COLGATE-PALMOLIVE CO	$521,000	–	7,963	–	0.16%	–
SCHW	New	THE CHARLES SCHWAB CORP	$516,000	–	15,796	–	0.16%	–
SO	New	THE SOUTHERN COMPANY	$514,000	–	12,278	–	0.16%	–
LMT	New	LOCKHEED MARTIN CORP	$505,000	–	2,715	–	0.16%	–
HRS	New	HARRIS CORP DEL	$468,000	–	6,087	–	0.15%	–
FB	New	FACEBOOK INC CL A	$437,000	–	5,095	–	0.14%	–
TTE	New	TOTAL FINA ELF S A ADR	$431,000	–	8,763	–	0.14%	–
GILD	New	GILEAD SCIENCES INC	$431,000	–	3,681	–	0.14%	–
KMB	New	KIMBERLY-CLARK CORP	$432,000	–	4,075	–	0.14%	–
JFBC	New	JEFFERSONVILLE BANCORP	$419,000	–	30,006	–	0.13%	–
AMT	New	AMERN TOWER CORP CLASS A	$413,000	–	4,425	–	0.13%	–
WMB	New	WILLIAMS COMPANIES	$360,000	–	6,275	–	0.11%	–
HON	New	HONEYWELL INTERNATIONAL	$355,000	–	3,485	–	0.11%	–
TYC	New	TYCO INTL LTD NEW	$356,000	–	9,248	–	0.11%	–
TROW	New	PRICE T ROWE GROUP INC	$353,000	–	4,540	–	0.11%	–
BCPC	New	BALCHEM CORP	$336,000	–	6,030	–	0.10%	–
GOOG	New	GOOGLE INC CLASS C	$326,000	–	626	–	0.10%	–
DRI	New	DARDEN RESTAURANTS INC	$314,000	–	4,415	–	0.10%	–
MON	New	MONSANTO CO NEW DEL	$314,000	–	2,947	–	0.10%	–
EQT	New	EQT CORPORATION	$305,000	–	3,750	–	0.10%	–
EGN	New	ENERGEN CORPORATION	$287,000	–	4,200	–	0.09%	–
CSX	New	C S X CORP	$289,000	–	8,850	–	0.09%	–
INT	New	WORLD FUEL SERVICES CORP	$268,000	–	5,585	–	0.08%	–
ALCO	New	ALICO INC	$270,000	–	5,952	–	0.08%	–
DG	New	DOLLAR GENERAL CORPORATION	$265,000	–	3,415	–	0.08%	–
JCI	New	JOHNSON CONTROLS INC	$265,000	–	5,345	–	0.08%	–
IYW	New	ISHARES TR DOW JONES US TECH S	$256,000	–	2,450	–	0.08%	–
CAG	New	CONAGRA FOODS INC	$256,000	–	5,850	–	0.08%	–
AXP	New	AMERICAN EXPRESS COMPANY	$254,000	–	3,270	–	0.08%	–
MXIM	New	MAXIM INTEGRATED PRODS	$253,000	–	7,325	–	0.08%	–
APC	New	ANADARKO PETROLEUM CORP	$251,000	–	3,215	–	0.08%	–
EPD	New	ENTERPRISE PRD PRTNRS LP	$246,000	–	8,247	–	0.08%	–
MTB	New	M & T BANK CORP	$241,000	–	1,931	–	0.08%	–
MDU	New	M D U RESOURCES GROUP	$233,000	–	11,946	–	0.07%	–
YUM	New	YUM! BRANDS, INC.	$232,000	–	2,571	–	0.07%	–
UPS	New	UNITED PARCEL SERVICE B	$223,000	–	2,306	–	0.07%	–
AMLP	New	ALPS ALERIAN MLP ETF	$215,000	–	13,800	–	0.07%	–
OXY	New	OCCIDENTAL PETE CORP	$205,000	–	2,631	–	0.06%	–
CSWC	New	CAPITAL SOUTHWEST CORP	$206,000	–	4,132	–	0.06%	–
4945SC	New	KINDER MORGAN ENERGY LP	$203,000	–	5,291	–	0.06%	–
AZN	New	ASTRAZENECA PLC ADR	$203,000	–	3,188	–	0.06%	–
ARIA	New	ARIAD PHARMACEUTICALS INC	$165,000	–	20,000	–	0.05%	–
RNN	New	REXAHN PHARMACEUTICALS INC	$122,000	–	200,000	–	0.04%	–
WDDD	New	WOLDS INC	$6,000	–	50,000	–	0.00%	–
BCYP	New	BLUE CALYPSO INC	$7,000	–	60,000	–	0.00%	–
DSCVF	New	DISCOVERY CORP ENTERPRISES INC	$2,000	–	34,000	–	0.00%	–
BRWC	New	BOREAL WATER COLLECTION INC CO	$0	–	35,700	–	0.00%	–
CBI	New	CHIMERA ENERGY CORP COM	$0	–	16,600	–	0.00%	–
AIMG	New	AIMGLOBAL TECHNOLOGIES INC	$0	–	41,000	–	0.00%	–
ASPR	New	ADSOUTH PARTNERS INC	$0	–	10,001	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
	Exit	TRANZBYTE CORP COM	$0	–	-40,000	–	0.00%	–
WMNS	Exit	WESTMONT RESOURCES INC COM PAR	$0	–	-147,750	–	0.00%	–
ASPR	Exit	ADSOUTH PARTNERS INC	$0	–	-10,001	–	0.00%	–
VNTA	Exit	VENTANA BIOTECH INC	$0	–	-10,000	–	0.00%	–
CBI	Exit	CHIMERA ENERGY CORP COM	$0	–	-16,600	–	0.00%	–
BRWC	Exit	BOREAL WATER COLLECTION INC CO	$0	–	-35,700	–	0.00%	–
DSCVF	Exit	DISCOVERY CORP ENTERPRISES INC	$0	–	-34,000	–	-0.00%	–
BCYP	Exit	BLUE CALYPSO INC	$0	–	-60,000	–	-0.00%	–
WDDD	Exit	WOLDS INC	$0	–	-50,000	–	-0.01%	–
TWO	Exit	TWO HBRS INVT CORP COM	$0	–	-12,000	–	-0.05%	–
PNR	Exit	PENTAIR INC	$0	–	-3,067	–	-0.08%	–
XEC	Exit	CIMAREX ENERGY CO	$0	–	-1,600	–	-0.09%	–
AXP	Exit	AMERICAN EXPRESS COMPANY	$0	–	-2,392	–	-0.09%	–
RIG	Exit	TRANSOCEAN SEDCO FOREX	$0	–	-6,820	–	-0.09%	–
FB	Exit	FACEBOOK INC	$0	–	-2,780	–	-0.09%	–
NYCB	Exit	NEW YORK COMNTY BANCORP	$0	–	-13,856	–	-0.09%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,648	–	-0.09%	–
YUM	Exit	YUM! BRANDS, INC.	$0	–	-3,077	–	-0.09%	–
ALCO	Exit	ALICO INC	$0	–	-5,952	–	-0.10%	–
INT	Exit	WORLD FUEL SERVICES CORP	$0	–	-5,624	–	-0.10%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-4,940	–	-0.10%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-4,151	–	-0.10%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-7,350	–	-0.10%	–
ALTV	Exit	ALTEVA COM	$0	–	-35,132	–	-0.10%	–
NBR	Exit	NABORS INDS INC	$0	–	-11,050	–	-0.11%	–
MTB	Exit	M & T BANK CORP	$0	–	-2,076	–	-0.11%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-2,731	–	-0.11%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-2,655	–	-0.11%	–
4945SC	Exit	KINDER MORGAN ENERGY LP	$0	–	-2,990	–	-0.12%	–
SLB	Exit	SCHLUMBERGER LTD F	$0	–	-2,772	–	-0.12%	–
ADT	Exit	ADT CORP COM	$0	–	-7,959	–	-0.12%	–
SNY	Exit	SANOFI AVENTIS ADR	$0	–	-5,075	–	-0.12%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-2,775	–	-0.13%	–
EGN	Exit	ENERGEN CORPORATION	$0	–	-4,200	–	-0.13%	–
AZN	Exit	ASTRAZENECA PLC	$0	–	-4,275	–	-0.13%	–
MON	Exit	MONSANTO CO NEW DEL	$0	–	-2,858	–	-0.14%	–
MDU	Exit	M D U RESOURCES GROUP	$0	–	-11,946	–	-0.14%	–
TEVA	Exit	TEVA PHARM INDS LTD ADRF	$0	–	-6,336	–	-0.14%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,900	–	-0.15%	–
HON	Exit	HONEYWELL INTERNATIONAL	$0	–	-3,735	–	-0.15%	–
JFBC	Exit	JEFFERSONVILLE BANCORP	$0	–	-30,006	–	-0.15%	–
SCHW	Exit	THE CHARLES SCHWAB CORP	$0	–	-12,606	–	-0.16%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-4,190	–	-0.16%	–
USB	Exit	US BANCORP DEL NEW	$0	–	-9,015	–	-0.16%	–
BCPC	Exit	BALCHEM CORP	$0	–	-6,930	–	-0.17%	–
EQT	Exit	EQT CORPORATION	$0	–	-4,450	–	-0.17%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-4,450	–	-0.18%	–
RSG	Exit	REPUBLIC SERVICES INC	$0	–	-10,865	–	-0.18%	–
LLY	Exit	ELI LILLY & COMPANY	$0	–	-6,662	–	-0.18%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-7,558	–	-0.21%	–
SO	Exit	THE SOUTHERN COMPANY	$0	–	-11,253	–	-0.21%	–
DRI	Exit	DAVITA INC	$0	–	-8,250	–	-0.21%	–
DIS	Exit	DISNEY WALT HOLDING CO	$0	–	-5,689	–	-0.22%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-9,645	–	-0.22%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-10,105	–	-0.23%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-7,173	–	-0.23%	–
BLK	Exit	BLACKROCK INC	$0	–	-1,659	–	-0.23%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-14,371	–	-0.24%	–
TTE	Exit	TOTAL FINA ELF S A ADR	$0	–	-8,875	–	-0.24%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-7,350	–	-0.26%	–
BP	Exit	BP PLC ADR	$0	–	-14,179	–	-0.26%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-6,162	–	-0.27%	–
FPL	Exit	NEXTERA ENERGY INC.	$0	–	-6,852	–	-0.27%	–
PPL	Exit	PPL CORPORATION	$0	–	-19,835	–	-0.28%	–
PFF	Exit	ISHARES TR S&P US PFD STK INDE	$0	–	-16,625	–	-0.28%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-6,252	–	-0.30%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-7,129	–	-0.32%	–
AMGN	Exit	AMGEN INC COM	$0	–	-5,659	–	-0.34%	–
TYC	Exit	TYCO INTL LTD NEW	$0	–	-18,098	–	-0.34%	–
KO	Exit	COCA COLA COMPANY	$0	–	-18,940	–	-0.34%	–
TD	Exit	TORONTO DOMINION BK	$0	–	-17,025	–	-0.36%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-20,757	–	-0.37%	–
DD	Exit	DU PONT E I DE NEMOUR&CO	$0	–	-12,501	–	-0.38%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-20,921	–	-0.41%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-58,418	–	-0.42%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-7,625	–	-0.43%	–
IFF	Exit	INTL FLAVOR & FRAGRANCES	$0	–	-11,125	–	-0.45%	–
CAT	Exit	CATERPILLAR INC	$0	–	-10,889	–	-0.46%	–
BERK	Exit	BERKSHIRE BANCP INC DEL	$0	–	-134,116	–	-0.48%	–
MCD	Exit	MCDONALDS CORP	$0	–	-13,035	–	-0.52%	–
	Exit	ABBVIE INC COM	$0	–	-21,660	–	-0.53%	–
MET	Exit	METLIFE INC	$0	–	-24,019	–	-0.55%	–
PNC	Exit	PNC FINANCIAL SERVICES	$0	–	-15,229	–	-0.55%	–
QCOM	Exit	QUALCOMM INC	$0	–	-18,606	–	-0.59%	–
GLW	Exit	CORNING INC	$0	–	-80,731	–	-0.66%	–
MDLZ	Exit	MONDELEZ INTL INC CL A	$0	–	-45,819	–	-0.67%	–
EMC	Exit	E M C CORP MASS	$0	–	-55,795	–	-0.69%	–
PSX	Exit	PHILLIPS 66	$0	–	-20,249	–	-0.70%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-7,215	–	-0.73%	–
COV	Exit	COVIDIEN LTD	$0	–	-20,515	–	-0.75%	–
KFT	Exit	KRAFT FOODS GROUP INC COM	$0	–	-34,948	–	-0.84%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-20,407	–	-0.87%	–
RDSA	Exit	ROYAL DUTCH SHELL SPON ADR	$0	–	-27,770	–	-0.90%	–
	Exit	TIME WARNER INC	$0	–	-28,667	–	-0.92%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-57,246	–	-0.92%	–
DOW	Exit	DOW CHEMICAL COMPANY	$0	–	-41,479	–	-0.92%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-30,850	–	-0.98%	–
	Exit	3M COMPANY	$0	–	-17,429	–	-1.05%	–
BK	Exit	THE BANK OF NY MELLON CORP	$0	–	-64,820	–	-1.07%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-14,350	–	-1.12%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-39,225	–	-1.19%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-54,951	–	-1.20%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-34,172	–	-1.21%	–
ESRX	Exit	EXPRESS SCRIPTS A	$0	–	-41,561	–	-1.25%	–
CB	Exit	CHUBB CORPORATION	$0	–	-33,545	–	-1.30%	–
OCBI	Exit	ORANGE CNTY BANCORP INC	$0	–	-79,643	–	-1.35%	–
ACT	Exit	ACTAVIS PLC	$0	–	-13,689	–	-1.40%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-64,269	–	-1.42%	–
T	Exit	AT & T INC	$0	–	-96,010	–	-1.44%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-17,996	–	-1.45%	–
BA	Exit	BOEING CO	$0	–	-27,038	–	-1.46%	–
BAC	Exit	BANKAMERICA CORP	$0	–	-205,452	–	-1.49%	–
MRK	Exit	MERCK & CO INC	$0	–	-59,938	–	-1.51%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-154,491	–	-1.65%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-64,081	–	-1.70%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-54,108	–	-1.76%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-56,071	–	-1.82%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-156,645	–	-1.97%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-78,069	–	-2.00%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-95,607	–	-2.03%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-59,401	–	-2.11%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-56,568	–	-2.24%	–
HAL	Exit	HALLIBURTON COMPANY	$0	–	-82,387	–	-2.26%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-138,898	–	-2.26%	–
CVS	Exit	C V S CORP DEL	$0	–	-68,321	–	-2.31%	–
TMO	Exit	THERMO ELECTRON CORP	$0	–	-44,766	–	-2.32%	–
CVX	Exit	CHEVRONTEXACO CORP	$0	–	-51,879	–	-2.63%	–
INTC	Exit	INTEL CORP	$0	–	-182,670	–	-2.70%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-138,033	–	-2.72%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-263,429	–	-2.87%	–
HD	Exit	HOME DEPOT INC	$0	–	-76,293	–	-2.97%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-87,347	–	-3.49%	–
STL	Exit	STERLING BANCORP DEL COM	$0	–	-669,269	–	-3.64%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-92,005	–	-4.17%	–

Q3 2014

			Value		Shares		↓ Weighting
JNJ	Buy	JOHNSON & JOHNSON	$9,807,000	+2.4%	92,005	+0.5%	4.17%	-0.3%
STL	Sell	STERLING BANCORP DEL COM	$8,560,000	+3.1%	669,269	-3.3%	3.64%	+0.4%
XOM	Sell	EXXON MOBIL CORPORATION	$8,215,000	-7.1%	87,347	-0.5%	3.49%	-9.5%
HD	Sell	HOME DEPOT INC	$6,999,000	+13.2%	76,293	-0.1%	2.97%	+10.3%
GE	Buy	GENERAL ELECTRIC COMPANY	$6,749,000	+0.3%	263,429	+2.9%	2.87%	-2.3%
MSFT	Buy	MICROSOFT CORP	$6,399,000	+11.8%	138,033	+0.6%	2.72%	+8.9%
INTC	Buy	INTEL CORP	$6,361,000	+13.7%	182,670	+0.9%	2.70%	+10.7%
CVX	Buy	CHEVRONTEXACO CORP	$6,190,000	-8.1%	51,879	+0.5%	2.63%	-10.5%
TMO	Sell	THERMO ELECTRON CORP	$5,448,000	+1.8%	44,766	-1.3%	2.32%	-0.8%
CVS	Sell	C V S CORP DEL	$5,438,000	+4.4%	68,321	-1.1%	2.31%	+1.8%
ORCL	Buy	ORACLE CORPORATION	$5,317,000	-4.8%	138,898	+0.8%	2.26%	-7.2%
HAL	Buy	HALLIBURTON COMPANY	$5,315,000	-8.8%	82,387	+0.4%	2.26%	-11.1%
PEP	Buy	PEPSICO INCORPORATED	$5,266,000	+6.5%	56,568	+2.2%	2.24%	+3.8%
PG	Sell	PROCTER & GAMBLE CO	$4,974,000	+6.4%	59,401	-0.2%	2.11%	+3.6%
VZ	Buy	VERIZON COMMUNICATIONS	$4,779,000	+4.7%	95,607	+2.4%	2.03%	+2.0%
JPM	Buy	JP MORGAN CHASE & CO	$4,703,000	+7.4%	78,069	+2.7%	2.00%	+4.6%
PFE	Buy	PFIZER INCORPORATED	$4,632,000	+3.0%	156,645	+3.4%	1.97%	+0.4%
WMT	Buy	WAL-MART STORES INC	$4,288,000	+4.9%	56,071	+3.0%	1.82%	+2.2%
COP	Buy	CONOCOPHILLIPS	$4,140,000	-9.5%	54,108	+1.4%	1.76%	-11.8%
EMR	Sell	EMERSON ELECTRIC CO	$4,010,000	-8.1%	64,081	-2.5%	1.70%	-10.5%
CSCO	Buy	CISCO SYSTEMS INC	$3,889,000	+2.7%	154,491	+1.4%	1.65%	+0.1%
MRK	Buy	MERCK & CO INC	$3,553,000	+3.6%	59,938	+1.1%	1.51%	+0.9%
BAC	Buy	BANKAMERICA CORP	$3,503,000	+15.3%	205,452	+4.0%	1.49%	+12.4%
BA	Buy	BOEING CO	$3,444,000	+4.9%	27,038	+4.7%	1.46%	+2.2%
IBM	Sell	INTL BUSINESS MACHINES	$3,416,000	+1.6%	17,996	-3.0%	1.45%	-1.0%
T	Buy	AT & T INC	$3,383,000	+1.0%	96,010	+1.4%	1.44%	-1.5%
WFC	Buy	WELLS FARGO & CO NEW	$3,334,000	+2.6%	64,269	+3.9%	1.42%	-0.1%
ACT	Sell	ACTAVIS PLC	$3,303,000	+6.6%	13,689	-1.4%	1.40%	+3.9%
OCBI	Buy	ORANGE CNTY BANCORP INC	$3,186,000	+6.7%	79,643	+6.1%	1.35%	+3.9%
CB	Buy	CHUBB CORPORATION	$3,055,000	+2.3%	33,545	+3.5%	1.30%	-0.3%
ESRX	Buy	EXPRESS SCRIPTS A	$2,935,000	+6.0%	41,561	+4.1%	1.25%	+3.3%
ADP	Sell	AUTO DATA PROCESSING	$2,839,000	+3.6%	34,172	-1.2%	1.21%	+0.8%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$2,812,000	+6.6%	54,951	+1.1%	1.20%	+3.9%
CTXS	Buy	CITRIX SYSTEMS INC	$2,798,000	+15.7%	39,225	+1.5%	1.19%	+12.7%
GS	Buy	GOLDMAN SACHS GROUP INC	$2,634,000	+11.4%	14,350	+1.6%	1.12%	+8.4%
BK	Buy	THE BANK OF NY MELLON CORP	$2,510,000	+7.7%	64,820	+4.3%	1.07%	+5.0%
	Buy	3M COMPANY	$2,469,000	+1.0%	17,429	+2.1%	1.05%	-1.6%
CAH	Sell	CARDINAL HEALTH INC	$2,311,000	+8.9%	30,850	-0.3%	0.98%	+6.0%
DOW	Sell	DOW CHEMICAL COMPANY	$2,175,000	+1.8%	41,479	-0.1%	0.92%	-0.9%
SYY	Buy	SYSCO CORPORATION	$2,172,000	+3.8%	57,246	+2.5%	0.92%	+1.1%
	Buy	TIME WARNER INC	$2,156,000	+8.3%	28,667	+1.2%	0.92%	+5.5%
RDSA	Buy	ROYAL DUTCH SHELL SPON ADR	$2,114,000	-3.1%	27,770	+4.8%	0.90%	-5.7%
AAPL	Buy	APPLE COMPUTER INC	$2,056,000	+15.4%	20,407	+6.5%	0.87%	+12.5%
KFT	Buy	KRAFT FOODS GROUP INC COM	$1,971,000	+0.3%	34,948	+6.6%	0.84%	-2.3%
COV	Sell	COVIDIEN LTD	$1,775,000	-4.1%	20,515	-0.1%	0.75%	-6.6%
PCP	Sell	PRECISION CASTPARTS CORP	$1,709,000	-7.9%	7,215	-1.8%	0.73%	-10.3%
PSX	Sell	PHILLIPS 66	$1,646,000	-5.3%	20,249	-6.3%	0.70%	-7.8%
EMC	Buy	E M C CORP MASS	$1,633,000	+16.7%	55,795	+5.1%	0.69%	+13.8%
MDLZ	Buy	MONDELEZ INTL INC CL A	$1,570,000	-8.5%	45,819	+0.4%	0.67%	-10.9%
GLW	Buy	CORNING INC	$1,561,000	-9.0%	80,731	+3.3%	0.66%	-11.4%
QCOM	Buy	QUALCOMM INC	$1,391,000	+27.8%	18,606	+35.5%	0.59%	+24.4%
PNC	Buy	PNC FINANCIAL SERVICES	$1,303,000	0.0%	15,229	+4.1%	0.55%	-2.5%
MET	Buy	METLIFE INC	$1,290,000	+9.9%	24,019	+13.6%	0.55%	+7.0%
	Sell	ABBVIE INC COM	$1,251,000	+1.8%	21,660	-0.6%	0.53%	-0.7%
MCD	Sell	MCDONALDS CORP	$1,236,000	-13.0%	13,035	-7.6%	0.52%	-15.2%
CAT	Buy	CATERPILLAR INC	$1,078,000	-2.8%	10,889	+6.7%	0.46%	-5.4%
IFF	Sell	INTL FLAVOR & FRAGRANCES	$1,067,000	-8.6%	11,125	-0.7%	0.45%	-11.0%
NOC	Sell	NORTHROP GRUMMAN CORP	$1,005,000	+10.0%	7,625	-0.2%	0.43%	+7.0%
MO	Buy	ALTRIA GROUP INC	$961,000	+24.8%	20,921	+13.9%	0.41%	+21.4%
DD	Sell	DU PONT E I DE NEMOUR&CO	$897,000	+9.4%	12,501	-0.2%	0.38%	+6.4%
ABT	Buy	ABBOTT LABORATORIES	$863,000	+4.0%	20,757	+2.2%	0.37%	+1.4%
TD	Buy	TORONTO DOMINION BK	$841,000	+10.5%	17,025	+15.0%	0.36%	+7.5%
KO	Sell	COCA COLA COMPANY	$808,000	-1.7%	18,940	-2.4%	0.34%	-4.5%
TYC	Buy	TYCO INTL LTD NEW	$807,000	+0.1%	18,098	+2.3%	0.34%	-2.6%
AMGN	Buy	AMGEN INC COM	$795,000	+27.2%	5,659	+7.1%	0.34%	+23.8%
UTX	Buy	UNITED TECHNOLOGIES CORP	$753,000	-3.5%	7,129	+5.6%	0.32%	-5.9%
NSC	Buy	NORFOLK SOUTHERN CORP	$698,000	+8.7%	6,252	+0.4%	0.30%	+6.1%
PFF	Buy	ISHARES TR S&P US PFD STK INDE	$657,000	+11.0%	16,625	+12.1%	0.28%	+8.1%
PPL	Buy	PPL CORPORATION	$651,000	+2.2%	19,835	+10.6%	0.28%	-0.4%
FPL	Buy	NEXTERA ENERGY INC.	$643,000	-5.9%	6,852	+2.7%	0.27%	-8.4%
RTN	Buy	RAYTHEON COMPANY NEW	$626,000	+29.6%	6,162	+17.7%	0.27%	+26.1%
BP	Buy	BP PLC ADR	$623,000	+11.6%	14,179	+34.2%	0.26%	+9.1%
ITW	Sell	ILLINOIS TOOL WORKS INC	$620,000	-12.8%	7,350	-9.5%	0.26%	-15.2%
TTE	Buy	TOTAL FINA ELF S A ADR	$572,000	-9.5%	8,875	+1.4%	0.24%	-12.0%
SE	Buy	SPECTRA ENERGY CORP	$564,000	-4.6%	14,371	+3.2%	0.24%	-7.0%
BLK	Buy	BLACKROCK INC	$545,000	+5.4%	1,659	+2.6%	0.23%	+2.7%
DUK	Buy	DUKE ENERGY CORPORATION	$536,000	+9.2%	7,173	+8.3%	0.23%	+6.5%
LOW	Buy	LOWES COMPANIES INC	$535,000	+24.4%	10,105	+12.7%	0.23%	+20.7%
CMCSA	Buy	COMCAST CORP NEW CL A	$519,000	+4.4%	9,645	+4.2%	0.22%	+1.8%
DIS	Buy	DISNEY WALT HOLDING CO	$506,000	+15.5%	5,689	+11.2%	0.22%	+12.6%
SO	Buy	THE SOUTHERN COMPANY	$491,000	+27.2%	11,253	+32.2%	0.21%	+24.4%
DRI	Buy	DAVITA INC	$491,000	+108.1%	8,250	+62.0%	0.21%	+102.9%
CL	Sell	COLGATE-PALMOLIVE CO	$493,000	-9.7%	7,558	-5.7%	0.21%	-12.2%
LLY	Buy	ELI LILLY & COMPANY	$432,000	+16.1%	6,662	+11.5%	0.18%	+13.6%
RSG	Sell	REPUBLIC SERVICES INC	$424,000	+2.4%	10,865	-0.4%	0.18%	-0.6%
NVS	Sell	NOVARTIS A G SPON ADR	$419,000	-4.1%	4,450	-7.8%	0.18%	-6.8%
BCPC	Buy	BALCHEM CORP	$392,000	+37.5%	6,930	+30.0%	0.17%	+34.7%
USB	Buy	US BANCORP DEL NEW	$377,000	+6.2%	9,015	+10.1%	0.16%	+3.2%
NKE	Buy	NIKE INC CLASS B	$374,000	+40.6%	4,190	+22.0%	0.16%	+37.1%
SCHW	Buy	THE CHARLES SCHWAB CORP	$370,000	+24.2%	12,606	+14.1%	0.16%	+20.8%
HON	Sell	HONEYWELL INTERNATIONAL	$348,000	-5.4%	3,735	-5.7%	0.15%	-8.1%
LMT	Buy	LOCKHEED MARTIN CORP	$347,000	+30.5%	1,900	+14.9%	0.15%	+26.7%
MON	Buy	MONSANTO CO NEW DEL	$322,000	+1.9%	2,858	+12.9%	0.14%	-0.7%
AZN	Sell	ASTRAZENECA PLC	$305,000	-20.8%	4,275	-17.6%	0.13%	-22.6%
KMB	Buy	KIMBERLY-CLARK CORP	$299,000	+8.7%	2,775	+12.1%	0.13%	+5.8%
SNY	Sell	SANOFI AVENTIS ADR	$286,000	-3.1%	5,075	-8.6%	0.12%	-5.4%
ADT	Sell	ADT CORP COM	$282,000	-0.4%	7,959	-1.8%	0.12%	-2.4%
SLB	Sell	SCHLUMBERGER LTD F	$282,000	-25.8%	2,772	-14.0%	0.12%	-27.7%
4945SC	Sell	KINDER MORGAN ENERGY LP	$279,000	-6.7%	2,990	-17.9%	0.12%	-8.5%
APC	Buy	ANADARKO PETROLEUM CORP	$269,000	-1.8%	2,655	+6.0%	0.11%	-5.0%
MTB	Sell	M & T BANK CORP	$256,000	-6.2%	2,076	-5.7%	0.11%	-8.4%
NBR	Sell	NABORS INDS INC	$251,000	-23.2%	11,050	-0.7%	0.11%	-25.2%
ALTV	Sell	ALTEVA COM	$248,000	-9.2%	35,132	-11.3%	0.10%	-11.8%
CAG	Sell	CONAGRA FOODS INC	$243,000	-22.4%	7,350	-30.3%	0.10%	-24.8%
ED	Buy	CONSOLIDATED EDISON INC	$235,000	-1.7%	4,151	+0.4%	0.10%	-3.8%
VLO	New	VALERO ENERGY CORP	$229,000	–	4,940	–	0.10%	–
INT	New	WORLD FUEL SERVICES CORP	$225,000	–	5,624	–	0.10%	–
YUM	Sell	YUM! BRANDS, INC.	$221,000	-25.6%	3,077	-15.7%	0.09%	-27.7%
PM	Buy	PHILIP MORRIS INTL INC	$221,000	+8.9%	2,648	+10.0%	0.09%	+5.6%
RIG	Buy	TRANSOCEAN SEDCO FOREX	$218,000	-27.3%	6,820	+2.2%	0.09%	-29.0%
NYCB	Buy	NEW YORK COMNTY BANCORP	$220,000	+11.7%	13,856	+12.1%	0.09%	+8.1%
FB	New	FACEBOOK INC	$220,000	–	2,780	–	0.09%	–
AXP	New	AMERICAN EXPRESS COMPANY	$209,000	–	2,392	–	0.09%	–
PNR	Sell	PENTAIR INC	$201,000	-10.3%	3,067	-1.3%	0.08%	-13.3%
WDDD	New	WOLDS INC	$11,000	–	50,000	–	0.01%	–
BCYP	New	BLUE CALYPSO INC	$7,000	–	60,000	–	0.00%	–
DE	Exit	DEERE & CO	$0	–	-2,265	–	-0.09%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-3,054	–	-0.10%	–
DVA	Exit	DAVITA INC	$0	–	-3,150	–	-0.10%	–
CHMR	Exit	CHICAGO BRIDGE & IRON NY	$0	–	-3,948	–	-0.12%	–

Q2 2014

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$9,578,000	–	91,554	–	4.18%	–
XOM	New	EXXON MOBIL CORPORATION	$8,842,000	–	87,821	–	3.86%	–
STL	New	STERLING BANCORP DEL COM	$8,305,000	–	692,094	–	3.62%	–
CVX	New	CHEVRONTEXACO CORP	$6,737,000	–	51,604	–	2.94%	–
GE	New	GENERAL ELECTRIC COMPANY	$6,730,000	–	256,072	–	2.94%	–
HD	New	HOME DEPOT INC	$6,184,000	–	76,377	–	2.70%	–
HAL	New	HALLIBURTON COMPANY	$5,826,000	–	82,047	–	2.54%	–
MSFT	New	MICROSOFT CORP	$5,723,000	–	137,236	–	2.50%	–
INTC	New	INTEL CORP	$5,596,000	–	181,104	–	2.44%	–
ORCL	New	ORACLE CORPORATION	$5,583,000	–	137,748	–	2.44%	–
TMO	New	THERMO ELECTRON CORP	$5,351,000	–	45,351	–	2.33%	–
CVS	New	C V S CORP DEL	$5,207,000	–	69,086	–	2.27%	–
PEP	New	PEPSICO INCORPORATED	$4,945,000	–	55,352	–	2.16%	–
PG	New	PROCTER & GAMBLE CO	$4,676,000	–	59,501	–	2.04%	–
COP	New	CONOCOPHILLIPS	$4,573,000	–	53,344	–	2.00%	–
VZ	New	VERIZON COMMUNICATIONS	$4,566,000	–	93,323	–	1.99%	–
PFE	New	PFIZER INCORPORATED	$4,496,000	–	151,491	–	1.96%	–
JPM	New	JP MORGAN CHASE & CO	$4,380,000	–	76,023	–	1.91%	–
EMR	New	EMERSON ELECTRIC CO	$4,363,000	–	65,755	–	1.90%	–
WMT	New	WAL-MART STORES INC	$4,087,000	–	54,438	–	1.78%	–
CSCO	New	CISCO SYSTEMS INC	$3,787,000	–	152,379	–	1.65%	–
MRK	New	MERCK & CO INC	$3,429,000	–	59,279	–	1.50%	–
IBM	New	INTL BUSINESS MACHINES	$3,363,000	–	18,554	–	1.47%	–
T	New	AT & T INC	$3,348,000	–	94,691	–	1.46%	–
BA	New	BOEING CO	$3,284,000	–	25,813	–	1.43%	–
WFC	New	WELLS FARGO & CO NEW	$3,251,000	–	61,849	–	1.42%	–
ACT	New	ACTAVIS PLC	$3,098,000	–	13,889	–	1.35%	–
BAC	New	BANKAMERICA CORP	$3,037,000	–	197,578	–	1.32%	–
OCBI	New	ORANGE CNTY BANCORP INC	$2,987,000	–	75,043	–	1.30%	–
CB	New	CHUBB CORPORATION	$2,986,000	–	32,395	–	1.30%	–
ESRX	New	EXPRESS SCRIPTS A	$2,768,000	–	39,929	–	1.21%	–
ADP	New	AUTO DATA PROCESSING	$2,741,000	–	34,577	–	1.20%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,637,000	–	54,361	–	1.15%	–
	New	3M COMPANY	$2,445,000	–	17,068	–	1.07%	–
CTXS	New	CITRIX SYSTEMS INC	$2,418,000	–	38,650	–	1.06%	–
GS	New	GOLDMAN SACHS GROUP INC	$2,365,000	–	14,125	–	1.03%	–
BK	New	THE BANK OF NY MELLON CORP	$2,330,000	–	62,170	–	1.02%	–
RDSA	New	ROYAL DUTCH SHELL SPON ADR	$2,182,000	–	26,495	–	0.95%	–
DOW	New	DOW CHEMICAL COMPANY	$2,136,000	–	41,504	–	0.93%	–
CAH	New	CARDINAL HEALTH INC	$2,122,000	–	30,950	–	0.93%	–
SYY	New	SYSCO CORPORATION	$2,092,000	–	55,867	–	0.91%	–
	New	TIME WARNER INC	$1,990,000	–	28,329	–	0.87%	–
KFT	New	KRAFT FOODS GROUP INC COM	$1,966,000	–	32,790	–	0.86%	–
PCP	New	PRECISION CASTPARTS CORP	$1,855,000	–	7,350	–	0.81%	–
COV	New	COVIDIEN LTD	$1,851,000	–	20,527	–	0.81%	–
AAPL	New	APPLE COMPUTER INC	$1,781,000	–	19,163	–	0.78%	–
PSX	New	PHILLIPS 66	$1,738,000	–	21,615	–	0.76%	–
MDLZ	New	MONDELEZ INTL INC CL A	$1,716,000	–	45,637	–	0.75%	–
GLW	New	CORNING INC	$1,715,000	–	78,149	–	0.75%	–
MCD	New	MCDONALDS CORP	$1,420,000	–	14,100	–	0.62%	–
EMC	New	E M C CORP MASS	$1,399,000	–	53,104	–	0.61%	–
PNC	New	PNC FINANCIAL SERVICES	$1,303,000	–	14,629	–	0.57%	–
	New	ABBVIE INC COM	$1,229,000	–	21,780	–	0.54%	–
MET	New	METLIFE INC	$1,174,000	–	21,139	–	0.51%	–
IFF	New	INTL FLAVOR & FRAGRANCES	$1,168,000	–	11,200	–	0.51%	–
CAT	New	CATERPILLAR INC	$1,109,000	–	10,204	–	0.48%	–
QCOM	New	QUALCOMM INC	$1,088,000	–	13,735	–	0.48%	–
BERK	New	BERKSHIRE BANCP INC DEL	$1,026,000	–	134,116	–	0.45%	–
CMC	New	COMMERCIAL METALS CO	$1,011,000	–	58,418	–	0.44%	–
NOC	New	NORTHROP GRUMMAN CORP	$914,000	–	7,640	–	0.40%	–
ABT	New	ABBOTT LABORATORIES	$830,000	–	20,302	–	0.36%	–
KO	New	COCA COLA COMPANY	$822,000	–	19,413	–	0.36%	–
DD	New	DU PONT E I DE NEMOUR&CO	$820,000	–	12,528	–	0.36%	–
TYC	New	TYCO INTL LTD NEW	$806,000	–	17,685	–	0.35%	–
UTX	New	UNITED TECHNOLOGIES CORP	$780,000	–	6,754	–	0.34%	–
MO	New	ALTRIA GROUP INC	$770,000	–	18,369	–	0.34%	–
TD	New	TORONTO DOMINION BK	$761,000	–	14,810	–	0.33%	–
ITW	New	ILLINOIS TOOL WORKS INC	$711,000	–	8,125	–	0.31%	–
FPL	New	NEXTERA ENERGY INC.	$683,000	–	6,669	–	0.30%	–
NSC	New	NORFOLK SOUTHERN CORP	$642,000	–	6,227	–	0.28%	–
PPL	New	PPL CORPORATION	$637,000	–	17,935	–	0.28%	–
TTE	New	TOTAL FINA ELF S A ADR	$632,000	–	8,750	–	0.28%	–
AMGN	New	AMGEN INC COM	$625,000	–	5,284	–	0.27%	–
PFF	New	ISHARES TR S&P US PFD STK INDE	$592,000	–	14,825	–	0.26%	–
SE	New	SPECTRA ENERGY CORP	$591,000	–	13,919	–	0.26%	–
BP	New	BP PLC ADR	$558,000	–	10,569	–	0.24%	–
CL	New	COLGATE-PALMOLIVE CO	$546,000	–	8,013	–	0.24%	–
BLK	New	BLACKROCK INC	$517,000	–	1,617	–	0.23%	–
CMCSA	New	COMCAST CORP NEW CL A	$497,000	–	9,259	–	0.22%	–
DUK	New	DUKE ENERGY CORPORATION	$491,000	–	6,623	–	0.21%	–
RTN	New	RAYTHEON COMPANY NEW	$483,000	–	5,237	–	0.21%	–
EQT	New	EQT CORPORATION	$476,000	–	4,450	–	0.21%	–
DIS	New	DISNEY WALT HOLDING CO	$438,000	–	5,114	–	0.19%	–
NVS	New	NOVARTIS A G SPON ADR	$437,000	–	4,825	–	0.19%	–
LOW	New	LOWES COMPANIES INC	$430,000	–	8,970	–	0.19%	–
MDU	New	M D U RESOURCES GROUP	$419,000	–	11,946	–	0.18%	–
RSG	New	REPUBLIC SERVICES INC	$414,000	–	10,910	–	0.18%	–
SO	New	THE SOUTHERN COMPANY	$386,000	–	8,514	–	0.17%	–
AZN	New	ASTRAZENECA PLC ADR	$385,000	–	5,185	–	0.17%	–
SLB	New	SCHLUMBERGER LTD F	$380,000	–	3,222	–	0.17%	–
EGN	New	ENERGEN CORPORATION	$373,000	–	4,200	–	0.16%	–
LLY	New	ELI LILLY & COMPANY	$372,000	–	5,976	–	0.16%	–
HON	New	HONEYWELL INTERNATIONAL	$368,000	–	3,960	–	0.16%	–
JFBC	New	JEFFERSONVILLE BANCORP	$368,000	–	30,006	–	0.16%	–
USB	New	US BANCORP DEL NEW	$355,000	–	8,190	–	0.16%	–
TEVA	New	TEVA PHARM INDS LTD ADRF	$332,000	–	6,336	–	0.14%	–
NBR	New	NABORS INDS INC	$327,000	–	11,125	–	0.14%	–
MON	New	MONSANTO CO NEW DEL	$316,000	–	2,532	–	0.14%	–
CAG	New	CONAGRA FOODS INC	$313,000	–	10,550	–	0.14%	–
RIG	New	TRANSOCEAN SEDCO FOREX	$300,000	–	6,670	–	0.13%	–
4945SC	New	KINDER MORGAN ENERGY LP	$299,000	–	3,640	–	0.13%	–
YUM	New	YUM! BRANDS, INC.	$297,000	–	3,652	–	0.13%	–
SCHW	New	THE CHARLES SCHWAB CORP	$298,000	–	11,049	–	0.13%	–
SNY	New	SANOFI AVENTIS ADR	$295,000	–	5,550	–	0.13%	–
BCPC	New	BALCHEM CORP	$285,000	–	5,330	–	0.12%	–
ADT	New	ADT CORP COM	$283,000	–	8,107	–	0.12%	–
OXY	New	OCCIDENTAL PETE CORP	$280,000	–	2,731	–	0.12%	–
APC	New	ANADARKO PETROLEUM CORP	$274,000	–	2,505	–	0.12%	–
KMB	New	KIMBERLY-CLARK CORP	$275,000	–	2,475	–	0.12%	–
ALTV	New	ALTEVA COM	$273,000	–	39,599	–	0.12%	–
MTB	New	M & T BANK CORP	$273,000	–	2,201	–	0.12%	–
CHMR	New	CHICAGO BRIDGE & IRON NY	$269,000	–	3,948	–	0.12%	–
LMT	New	LOCKHEED MARTIN CORP	$266,000	–	1,653	–	0.12%	–
NKE	New	NIKE INC CLASS B	$266,000	–	3,435	–	0.12%	–
ED	New	CONSOLIDATED EDISON INC	$239,000	–	4,136	–	0.10%	–
DRI	New	DARDEN RESTAURANTS INC	$236,000	–	5,094	–	0.10%	–
XEC	New	CIMAREX ENERGY CO	$230,000	–	1,600	–	0.10%	–
DVA	New	DAVITA INC	$228,000	–	3,150	–	0.10%	–
PNR	New	PENTAIR INC	$224,000	–	3,106	–	0.10%	–
ALCO	New	ALICO INC	$223,000	–	5,952	–	0.10%	–
ALB	New	ALBEMARLE CORP	$218,000	–	3,054	–	0.10%	–
PM	New	PHILIP MORRIS INTL INC	$203,000	–	2,408	–	0.09%	–
DE	New	DEERE & CO	$205,000	–	2,265	–	0.09%	–
NYCB	New	NEW YORK COMNTY BANCORP	$197,000	–	12,356	–	0.09%	–
TWO	New	TWO HBRS INVT CORP COM	$126,000	–	12,000	–	0.06%	–
DSCVF	New	DISCOVERY CORP ENTERPRISES INC	$2,000	–	34,000	–	0.00%	–
WMNS	New	WESTMONT RESOURCES INC COM PAR	$0	–	147,750	–	0.00%	–
VNTA	New	VENTANA BIOTECH INC	$0	–	10,000	–	0.00%	–
ASPR	New	ADSOUTH PARTNERS INC	$0	–	10,001	–	0.00%	–
	New	TRANZBYTE CORP COM	$1,000	–	40,000	–	0.00%	–
CBI	New	CHIMERA ENERGY CORP COM	$0	–	16,600	–	0.00%	–
BRWC	New	BOREAL WATER COLLECTION INC CO	$0	–	35,700	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
BRWC	Exit	BOREAL WATER COLLECTION INC CO	$0	–	-35,700	–	0.00%	–
ASPR	Exit	ADSOUTH PARTNERS INC	$0	–	-10,001	–	0.00%	–
VNTA	Exit	VENTANA BIOTECH INC	$0	–	-10,000	–	0.00%	–
	Exit	RSTK INTERLINK US NETWORKS	$0	–	-20,000	–	0.00%	–
WMNS	Exit	WESTMONT RESOURCES INC COM PAR	$0	–	-445,350	–	0.00%	–
DSCVF	Exit	DISCOVERY CORP ENTERPRISES INC	$0	–	-34,000	–	-0.00%	–
WEN	Exit	WENDYS INTL INC COM	$0	–	-12,200	–	-0.05%	–
TWO	Exit	TWO HBRS INVT CORP COM	$0	–	-12,000	–	-0.06%	–
NYCB	Exit	NEW YORK COMNTY BANCORP	$0	–	-12,356	–	-0.09%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-2,225	–	-0.10%	–
VOD	Exit	VODAFONE AIRTOUCH ADR	$0	–	-6,034	–	-0.10%	–
NKE	Exit	NIKE INC CLASS B	$0	–	-2,922	–	-0.10%	–
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	-2,290	–	-0.10%	–
GLD	Exit	STREETRACKS GOLD TRUST	$0	–	-1,767	–	-0.11%	–
NBR	Exit	NABORS INDS INC	$0	–	-14,425	–	-0.11%	–
SCHW	Exit	THE CHARLES SCHWAB CORP	$0	–	-10,981	–	-0.11%	–
GOOGL	Exit	GOOGLE INC CLASS A	$0	–	-274	–	-0.12%	–
ALCO	Exit	ALICO INC	$0	–	-5,952	–	-0.12%	–
MON	Exit	MONSANTO CO NEW DEL	$0	–	-2,338	–	-0.12%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-4,561	–	-0.12%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,948	–	-0.12%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-2,731	–	-0.12%	–
PNR	Exit	PENTAIR INC	$0	–	-4,278	–	-0.14%	–
SO	Exit	THE SOUTHERN COMPANY	$0	–	-6,833	–	-0.14%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-6,175	–	-0.14%	–
SLB	Exit	SCHLUMBERGER LTD F	$0	–	-3,335	–	-0.14%	–
USB	Exit	US BANCORP DEL NEW	$0	–	-8,415	–	-0.15%	–
LLY	Exit	ELI LILLY & COMPANY	$0	–	-6,170	–	-0.15%	–
DIS	Exit	DISNEY WALT HOLDING CO	$0	–	-4,938	–	-0.16%	–
EGN	Exit	ENERGEN CORPORATION	$0	–	-4,200	–	-0.16%	–
HON	Exit	HONEYWELL INTERNATIONAL	$0	–	-3,860	–	-0.16%	–
MDU	Exit	M D U RESOURCES GROUP	$0	–	-11,946	–	-0.16%	–
TEVA	Exit	TEVA PHARM INDS LTD ADRF	$0	–	-8,986	–	-0.16%	–
SNY	Exit	SANOFI AVENTIS ADR	$0	–	-6,825	–	-0.17%	–
AZN	Exit	ASTRAZENECA PLC ADR	$0	–	-6,680	–	-0.17%	–
MTB	Exit	M & T BANK CORP	$0	–	-3,281	–	-0.18%	–
ADT	Exit	ADT CORP COM	$0	–	-9,333	–	-0.18%	–
4945SC	Exit	KINDER MORGAN ENERGY LP	$0	–	-4,797	–	-0.19%	–
BP	Exit	BP PLC ADR	$0	–	-9,104	–	-0.19%	–
JFBC	Exit	JEFFERSONVILLE BANCORP	$0	–	-36,342	–	-0.19%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-6,714	–	-0.19%	–
RSG	Exit	REPUBLIC SERVICES INC	$0	–	-11,990	–	-0.20%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-8,509	–	-0.20%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-13,600	–	-0.20%	–
RTN	Exit	RAYTHEON COMPANY NEW	$0	–	-5,530	–	-0.21%	–
BLK	Exit	BLACKROCK INC	$0	–	-1,579	–	-0.21%	–
ALTV	Exit	ALTEVA COM	$0	–	-55,038	–	-0.21%	–
EQT	Exit	EQT CORPORATION	$0	–	-4,850	–	-0.21%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-12,518	–	-0.21%	–
DUK	Exit	DUKE ENERGY CORPORATION	$0	–	-6,721	–	-0.22%	–
LSE	Exit	CAPLEASE INC	$0	–	-53,400	–	-0.22%	–
BCPC	Exit	BALCHEM CORP	$0	–	-9,360	–	-0.24%	–
CMCSA	Exit	COMCAST CORP NEW CL A	$0	–	-10,844	–	-0.24%	–
PPL	Exit	PPL CORPORATION	$0	–	-16,180	–	-0.24%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-6,402	–	-0.24%	–
AMGN	Exit	AMGEN INC COM	$0	–	-4,617	–	-0.25%	–
FPL	Exit	NEXTERA ENERGY INC.	$0	–	-6,567	–	-0.26%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-7,050	–	-0.26%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-16,397	–	-0.27%	–
NVS	Exit	NOVARTIS A G SPON ADR	$0	–	-7,800	–	-0.29%	–
TD	Exit	TORONTO DOMINION BK	$0	–	-6,865	–	-0.30%	–
TTE	Exit	TOTAL FINA ELF S A ADR	$0	–	-11,480	–	-0.32%	–
TYC	Exit	TYCO INTL LTD NEW	$0	–	-19,460	–	-0.33%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-7,265	–	-0.34%	–
PFF	Exit	ISHARES TR S&P US PFD STK INDE	$0	–	-18,925	–	-0.35%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-21,707	–	-0.35%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-6,700	–	-0.35%	–
CAT	Exit	CATERPILLAR INC	$0	–	-8,870	–	-0.36%	–
KO	Exit	COCA COLA COMPANY	$0	–	-19,999	–	-0.37%	–
DD	Exit	DU PONT E I DE NEMOUR&CO	$0	–	-14,345	–	-0.41%	–
MET	Exit	METLIFE INC	$0	–	-18,365	–	-0.42%	–
	Exit	ABBVIE INC COM	$0	–	-20,807	–	-0.45%	–
QCOM	Exit	QUALCOMM INC	$0	–	-14,535	–	-0.48%	–
IFF	Exit	INTL FLAVOR & FRAGRANCES	$0	–	-11,950	–	-0.48%	–
CMC	Exit	COMMERCIAL METALS CO	$0	–	-58,418	–	-0.48%	–
BERK	Exit	BERKSHIRE BANCP INC DEL	$0	–	-134,116	–	-0.52%	–
PNC	Exit	PNC FINANCIAL SERVICES	$0	–	-15,404	–	-0.54%	–
GLW	Exit	CORNING INC	$0	–	-77,235	–	-0.55%	–
EMC	Exit	E M C CORP MASS	$0	–	-46,301	–	-0.58%	–
COV	Exit	COVIDIEN LTD	$0	–	-19,564	–	-0.58%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-3,038	–	-0.70%	–
MCD	Exit	MCDONALDS CORP	$0	–	-15,300	–	-0.72%	–
PSX	Exit	PHILLIPS 66	$0	–	-25,540	–	-0.72%	–
KFT	Exit	KRAFT FOODS GROUP INC COM	$0	–	-29,324	–	-0.75%	–
MDLZ	Exit	MONDELEZ INTL INC CL A	$0	–	-52,725	–	-0.81%	–
DOW	Exit	DOW CHEMICAL COMPANY	$0	–	-43,344	–	-0.81%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-33,700	–	-0.85%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-7,750	–	-0.86%	–
RDSA	Exit	ROYAL DUTCH SHELL SPON ADR	$0	–	-26,791	–	-0.86%	–
SYY	Exit	SYSCO CORPORATION	$0	–	-55,982	–	-0.87%	–
	Exit	TIME WARNER INC	$0	–	-28,275	–	-0.90%	–
BK	Exit	THE BANK OF NY MELLON CORP	$0	–	-61,910	–	-0.91%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-13,179	–	-1.01%	–
ESRX	Exit	EXPRESS SCRIPTS A	$0	–	-34,387	–	-1.03%	–
	Exit	3M COMPANY	$0	–	-18,246	–	-1.06%	–
ADP	Exit	AUTO DATA PROCESSING	$0	–	-34,592	–	-1.22%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-54,567	–	-1.23%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-63,303	–	-1.27%	–
BAC	Exit	BANKAMERICA CORP	$0	–	-193,564	–	-1.30%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-38,402	–	-1.32%	–
CB	Exit	CHUBB CORPORATION	$0	–	-31,449	–	-1.36%	–
MRK	Exit	MERCK & CO INC	$0	–	-61,835	–	-1.43%	–
BA	Exit	BOEING CO	$0	–	-25,660	–	-1.47%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-140,356	–	-1.60%	–
T	Exit	AT & T INC	$0	–	-103,437	–	-1.70%	–
IBM	Exit	INTL BUSINESS MACHINES	$0	–	-19,126	–	-1.72%	–
CVS	Exit	C V S CORP DEL	$0	–	-68,810	–	-1.90%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-56,475	–	-1.91%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-76,388	–	-1.92%	–
HAL	Exit	HALLIBURTON COMPANY	$0	–	-83,921	–	-1.96%	–
INTC	Exit	INTEL CORP	$0	–	-179,002	–	-2.00%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-55,826	–	-2.01%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-149,404	–	-2.09%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-67,485	–	-2.12%	–
ACT	Exit	ACTAVIS PLC	$0	–	-30,350	–	-2.12%	–
TMO	Exit	THERMO ELECTRON CORP	$0	–	-47,766	–	-2.14%	–
OCBI	Exit	ORANGE CNTY BANCORP INC	$0	–	-111,734	–	-2.14%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-56,095	–	-2.17%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-95,688	–	-2.17%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-137,427	–	-2.22%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-137,453	–	-2.22%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-60,867	–	-2.24%	–
HD	Exit	HOME DEPOT INC	$0	–	-77,938	–	-2.88%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-261,326	–	-3.04%	–
CVX	Exit	CHEVRONTEXACO CORP	$0	–	-53,215	–	-3.14%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-90,542	–	-3.79%	–
PBNY	Exit	PROVIDENT NEW YORK BANCP	$0	–	-717,325	–	-3.80%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-91,322	–	-3.85%	–

Q3 2013

			Value		Shares		↓ Weighting
JNJ	Sell	JOHNSON & JOHNSON	$7,917,000	-4.5%	91,322	-5.4%	3.85%	-2.9%
PBNY	Sell	PROVIDENT NEW YORK BANCP	$7,812,000	+13.0%	717,325	-3.1%	3.80%	+14.8%
XOM	Buy	EXXON MOBIL CORPORATION	$7,790,000	-2.2%	90,542	+2.7%	3.79%	-0.6%
CVX	Sell	CHEVRONTEXACO CORP	$6,466,000	+2.6%	53,215	-0.1%	3.14%	+4.3%
GE	Buy	GENERAL ELECTRIC COMPANY	$6,243,000	+7.6%	261,326	+4.4%	3.04%	+9.4%
HD	Sell	HOME DEPOT INC	$5,912,000	-2.8%	77,938	-0.8%	2.88%	-1.2%
PG	Sell	PROCTER & GAMBLE CO	$4,601,000	-6.8%	60,867	-5.1%	2.24%	-5.2%
MSFT	Buy	MICROSOFT CORP	$4,574,000	-2.6%	137,453	+1.2%	2.22%	-0.9%
ORCL	Sell	ORACLE CORPORATION	$4,558,000	+6.7%	137,427	-1.2%	2.22%	+8.5%
VZ	Buy	VERIZON COMMUNICATIONS	$4,466,000	-4.5%	95,688	+3.0%	2.17%	-2.9%
PEP	Sell	PEPSICO INCORPORATED	$4,460,000	-5.2%	56,095	-2.5%	2.17%	-3.7%
OCBI	Buy	ORANGE CNTY BANCORP INC	$4,402,000	+6.8%	111,734	+7.1%	2.14%	+8.6%
ACT	Sell	ACTAVIS PLC	$4,370,000	+13.4%	30,350	-0.6%	2.12%	+15.3%
EMR	Sell	EMERSON ELECTRIC CO	$4,366,000	+18.4%	67,485	-0.1%	2.12%	+20.4%
PFE	Sell	PFIZER INCORPORATED	$4,292,000	-0.6%	149,404	-3.1%	2.09%	+1.1%
WMT	Buy	WAL-MART STORES INC	$4,129,000	+3.2%	55,826	+3.9%	2.01%	+4.9%
INTC	Buy	INTEL CORP	$4,103,000	-0.4%	179,002	+5.3%	2.00%	+1.3%
HAL	Buy	HALLIBURTON COMPANY	$4,041,000	+17.2%	83,921	+1.5%	1.96%	+19.1%
JPM	Buy	JP MORGAN CHASE & CO	$3,948,000	+6.9%	76,388	+9.2%	1.92%	+8.7%
COP	Sell	CONOCOPHILLIPS	$3,926,000	+13.8%	56,475	-1.0%	1.91%	+15.6%
CVS	Buy	C V S CORP DEL	$3,905,000	+2.9%	68,810	+3.7%	1.90%	+4.6%
IBM	Buy	INTL BUSINESS MACHINES	$3,542,000	-1.1%	19,126	+2.0%	1.72%	+0.5%
T	Buy	AT & T INC	$3,498,000	+4.3%	103,437	+9.2%	1.70%	+6.0%
CSCO	Buy	CISCO SYSTEMS INC	$3,289,000	-0.3%	140,356	+3.6%	1.60%	+1.3%
BA	Sell	BOEING CO	$3,015,000	+14.0%	25,660	-0.6%	1.47%	+15.9%
MRK	Sell	MERCK & CO INC	$2,944,000	-1.5%	61,835	-3.9%	1.43%	+0.1%
CB	Sell	CHUBB CORPORATION	$2,807,000	+2.7%	31,449	-2.6%	1.36%	+4.4%
CTXS	Buy	CITRIX SYSTEMS INC	$2,712,000	+17.5%	38,402	+0.4%	1.32%	+19.5%
BAC	Buy	BANKAMERICA CORP	$2,671,000	+9.3%	193,564	+1.8%	1.30%	+11.1%
WFC	Buy	WELLS FARGO & CO NEW	$2,616,000	+12.5%	63,303	+12.4%	1.27%	+14.4%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$2,525,000	+1.8%	54,567	-1.7%	1.23%	+3.5%
ADP	Buy	AUTO DATA PROCESSING	$2,504,000	+5.6%	34,592	+0.4%	1.22%	+7.3%
	Buy	3M COMPANY	$2,179,000	+9.2%	18,246	+0.0%	1.06%	+11.1%
ESRX	Buy	EXPRESS SCRIPTS A	$2,125,000	+9.8%	34,387	+9.6%	1.03%	+11.6%
GS	Buy	GOLDMAN SACHS GROUP INC	$2,085,000	+5.7%	13,179	+1.0%	1.01%	+7.4%
BK	Buy	THE BANK OF NY MELLON CORP	$1,869,000	+10.3%	61,910	+2.4%	0.91%	+12.1%
	Sell	TIME WARNER INC	$1,861,000	+13.6%	28,275	-0.2%	0.90%	+15.4%
SYY	Buy	SYSCO CORPORATION	$1,782,000	-3.0%	55,982	+4.1%	0.87%	-1.4%
PCP	Sell	PRECISION CASTPARTS CORP	$1,761,000	+0.2%	7,750	-0.3%	0.86%	+1.9%
RDSA	Buy	ROYAL DUTCH SHELL SPON ADR	$1,760,000	+20.5%	26,791	+17.1%	0.86%	+22.6%
CAH	Sell	CARDINAL HEALTH INC	$1,757,000	+8.5%	33,700	-1.7%	0.85%	+10.3%
DOW	Buy	DOW CHEMICAL COMPANY	$1,664,000	+23.2%	43,344	+3.2%	0.81%	+25.2%
MDLZ	Sell	MONDELEZ INTL INC CL A	$1,657,000	+8.0%	52,725	-1.9%	0.81%	+9.8%
KFT	Buy	KRAFT FOODS GROUP INC COM	$1,539,000	+3.4%	29,324	+10.1%	0.75%	+5.1%
PSX	Sell	PHILLIPS 66	$1,477,000	-7.3%	25,540	-5.5%	0.72%	-5.8%
MCD	Sell	MCDONALDS CORP	$1,472,000	-4.7%	15,300	-1.9%	0.72%	-3.1%
AAPL	Buy	APPLE COMPUTER INC	$1,448,000	+95.9%	3,038	+63.0%	0.70%	+98.9%
COV	Buy	COVIDIEN LTD	$1,192,000	+4.9%	19,564	+8.2%	0.58%	+6.8%
EMC	Buy	E M C CORP MASS	$1,183,000	+13.4%	46,301	+4.9%	0.58%	+15.2%
GLW	Buy	CORNING INC	$1,127,000	+13.3%	77,235	+10.4%	0.55%	+15.1%
PNC	Buy	PNC FINANCIAL SERVICES	$1,116,000	+7.4%	15,404	+8.1%	0.54%	+9.3%
BERK	Sell	BERKSHIRE BANCP INC DEL	$1,076,000	-0.5%	134,116	-1.4%	0.52%	+1.2%
CMC	Sell	COMMERCIAL METALS CO	$990,000	+14.6%	58,418	-0.2%	0.48%	+16.5%
IFF	Sell	INTL FLAVOR & FRAGRANCES	$983,000	+6.4%	11,950	-2.8%	0.48%	+8.1%
QCOM	Buy	QUALCOMM INC	$978,000	+16.3%	14,535	+5.5%	0.48%	+18.4%
	Sell	ABBVIE INC COM	$931,000	-2.2%	20,807	-9.7%	0.45%	-0.4%
MET	Buy	METLIFE INC	$862,000	+5.6%	18,365	+3.0%	0.42%	+7.4%
DD	Buy	DU PONT E I DE NEMOUR&CO	$840,000	+45.1%	14,345	+30.0%	0.41%	+47.7%
KO	Buy	COCA COLA COMPANY	$758,000	+3.0%	19,999	+8.9%	0.37%	+4.8%
CAT	Buy	CATERPILLAR INC	$740,000	+113.9%	8,870	+111.4%	0.36%	+116.9%
UTX	Sell	UNITED TECHNOLOGIES CORP	$722,000	-0.4%	6,700	-14.2%	0.35%	+1.2%
ABT	Sell	ABBOTT LABORATORIES	$720,000	-13.5%	21,707	-9.0%	0.35%	-12.1%
PFF	Sell	ISHARES TR S&P US PFD STK INDE	$719,000	-7.2%	18,925	-4.1%	0.35%	-5.7%
NOC	Sell	NORTHROP GRUMMAN CORP	$692,000	+14.6%	7,265	-0.3%	0.34%	+16.6%
TYC	Sell	TYCO INTL LTD NEW	$681,000	+5.6%	19,460	-0.6%	0.33%	+7.1%
TTE	Buy	TOTAL FINA ELF S A ADR	$665,000	+27.4%	11,480	+7.0%	0.32%	+29.2%
TD	Buy	TORONTO DOMINION BK	$618,000	+58.1%	6,865	+41.0%	0.30%	+61.0%
NVS	Buy	NOVARTIS A G SPON ADR	$598,000	+15.9%	7,800	+6.8%	0.29%	+17.8%
MO	Sell	ALTRIA GROUP INC	$563,000	-50.0%	16,397	-49.0%	0.27%	-49.1%
ITW	Buy	ILLINOIS TOOL WORKS INC	$538,000	+30.6%	7,050	+18.5%	0.26%	+33.0%
FPL	Buy	NEXTERA ENERGY INC.	$526,000	+15.1%	6,567	+17.0%	0.26%	+16.9%
AMGN	Sell	AMGEN INC COM	$517,000	+2.0%	4,617	-10.2%	0.25%	+3.3%
NSC	Buy	NORFOLK SOUTHERN CORP	$495,000	+25.0%	6,402	+17.4%	0.24%	+27.5%
PPL	Sell	PPL CORPORATION	$492,000	-3.3%	16,180	-3.7%	0.24%	-1.6%
CMCSA	New	COMCAST CORP NEW CL A	$489,000	–	10,844	–	0.24%	–
BCPC	Sell	BALCHEM CORP	$484,000	+12.0%	9,360	-3.1%	0.24%	+13.5%
DUK	Buy	DUKE ENERGY CORPORATION	$449,000	+24.7%	6,721	+26.0%	0.22%	+26.7%
SE	Sell	SPECTRA ENERGY CORP	$429,000	-18.0%	12,518	-17.5%	0.21%	-16.4%
ALTV	Sell	ALTEVA COM	$428,000	-46.6%	55,038	-32.2%	0.21%	-45.8%
BLK	Sell	BLACKROCK INC	$427,000	+0.9%	1,579	-4.2%	0.21%	+3.0%
RTN	Buy	RAYTHEON COMPANY NEW	$426,000	+34.8%	5,530	+15.7%	0.21%	+37.1%
CAG	Sell	CONAGRA FOODS INC	$413,000	-15.2%	13,600	-2.5%	0.20%	-13.7%
LOW	Buy	LOWES COMPANIES INC	$405,000	+16.7%	8,509	+0.4%	0.20%	+18.7%
CL	Buy	COLGATE-PALMOLIVE CO	$398,000	+25.9%	6,714	+21.8%	0.19%	+28.5%
BP	Buy	BP PLC ADR	$383,000	+23.5%	9,104	+22.5%	0.19%	+25.7%
4945SC	Sell	KINDER MORGAN ENERGY LP	$383,000	-20.2%	4,797	-14.7%	0.19%	-19.1%
ADT	Sell	ADT CORP COM	$379,000	+1.6%	9,333	-0.3%	0.18%	+3.4%
MTB	Buy	M & T BANK CORP	$367,000	+10.2%	3,281	+10.1%	0.18%	+11.9%
SNY	Buy	SANOFI AVENTIS ADR	$346,000	+5.5%	6,825	+7.1%	0.17%	+7.0%
TEVA	Sell	TEVA PHARM INDS LTD ADRF	$339,000	-17.9%	8,986	-14.7%	0.16%	-16.7%
HON	Buy	HONEYWELL INTERNATIONAL	$321,000	+19.3%	3,860	+14.0%	0.16%	+20.9%
EGN	New	ENERGEN CORPORATION	$321,000	–	4,200	–	0.16%	–
DIS	Buy	DISNEY WALT HOLDING CO	$318,000	+3.6%	4,938	+1.7%	0.16%	+5.4%
LLY	Sell	ELI LILLY & COMPANY	$311,000	-17.9%	6,170	-20.0%	0.15%	-16.6%
USB	Buy	US BANCORP DEL NEW	$308,000	+28.3%	8,415	+26.7%	0.15%	+30.4%
SLB	Sell	SCHLUMBERGER LTD F	$295,000	+10.5%	3,335	-10.5%	0.14%	+11.7%
DRI	Buy	DARDEN RESTAURANTS INC	$286,000	+27.7%	6,175	+39.2%	0.14%	+29.9%
SO	Buy	THE SOUTHERN COMPANY	$281,000	+32.5%	6,833	+42.3%	0.14%	+35.6%
PNR	Sell	PENTAIR INC	$278,000	+12.1%	4,278	-0.3%	0.14%	+13.4%
PM	Sell	PHILIP MORRIS INTL INC	$255,000	-68.9%	2,948	-68.9%	0.12%	-68.4%
OXY	Sell	OCCIDENTAL PETE CORP	$255,000	+3.7%	2,731	-1.1%	0.12%	+5.1%
ED	Sell	CONSOLIDATED EDISON INC	$251,000	-24.6%	4,561	-20.2%	0.12%	-23.3%
MON	New	MONSANTO CO NEW DEL	$244,000	–	2,338	–	0.12%	–
GOOGL	Sell	GOOGLE INC CLASS A	$240,000	-13.0%	274	-12.5%	0.12%	-11.4%
SCHW	Sell	THE CHARLES SCHWAB CORP	$232,000	-4.1%	10,981	-3.6%	0.11%	-2.6%
NBR	Sell	NABORS INDS INC	$232,000	+2.7%	14,425	-2.2%	0.11%	+4.6%
GLD	Sell	STREETRACKS GOLD TRUST	$226,000	-27.1%	1,767	-32.1%	0.11%	-25.7%
APC	New	ANADARKO PETROLEUM CORP	$213,000	–	2,290	–	0.10%	–
NKE	New	NIKE INC CLASS B	$212,000	–	2,922	–	0.10%	–
VOD	New	VODAFONE AIRTOUCH ADR	$212,000	–	6,034	–	0.10%	–
KMB	New	KIMBERLY-CLARK CORP	$210,000	–	2,225	–	0.10%	–
TWO	New	TWO HBRS INVT CORP COM	$117,000	–	12,000	–	0.06%	–
WMNS	Buy	WESTMONT RESOURCES INC COM PAR	$0	–	445,350	+201.4%	0.00%	–
	Sell	RSTK INTERLINK US NETWORKS	$0	–	20,000	-55.6%	0.00%	–
CHMR	Exit	CHIMERA ENERGY CORP	$0	–	-16,600	–	0.00%	–
ZLCS	Exit	ZALICUS INC	$0	–	-11,000	–	-0.00%	–
CHDX	Exit	CHINDEX INTERNATIONAL INC COM	$0	–	-10,000	–	-0.08%	–
STJ	Exit	ST JUDE MEDICAL INC	$0	–	-4,900	–	-0.11%	–
RMD	Exit	RESMED INC	$0	–	-9,000	–	-0.19%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-12,600	–	-3.05%	–
MDT	Exit	MEDTRONIC INC	$0	–	-129,191	–	-3.18%	–

Q2 2013

			Value		Shares		↓ Weighting
JNJ	New	JOHNSON & JOHNSON	$8,287,000	–	96,520	–	3.96%	–
XOM	New	EXXON MOBIL CORPORATION	$7,969,000	–	88,200	–	3.81%	–
PBNY	New	PROVIDENT NEW YORK BANCORP COM	$6,915,000	–	740,340	–	3.31%	–
MDT	New	MEDTRONIC INC	$6,649,000	–	129,191	–	3.18%	–
ISRG	New	INTUITIVE SURGICAL INC	$6,377,000	–	12,600	–	3.05%	–
CVX	New	CHEVRONTEXACO CORP	$6,302,000	–	53,256	–	3.02%	–
HD	New	HOME DEPOT INC	$6,084,000	–	78,563	–	2.91%	–
GE	New	GENERAL ELECTRIC COMPANY COM	$5,803,000	–	250,237	–	2.78%	–
PG	New	PROCTER & GAMBLE CO	$4,935,000	–	64,105	–	2.36%	–
PEP	New	PEPSICO INCORPORATED	$4,707,000	–	57,555	–	2.25%	–
MSFT	New	MICROSOFT CORP	$4,694,000	–	135,890	–	2.24%	–
VZ	New	VERIZON COMMUNICATIONS	$4,677,000	–	92,910	–	2.24%	–
PFE	New	PFIZER INCORPORATED	$4,317,000	–	154,106	–	2.06%	–
ORCL	New	ORACLE CORPORATION	$4,270,000	–	139,026	–	2.04%	–
OCBI	New	ORANGE COUNTY BANCORP INC COM	$4,121,000	–	104,330	–	1.97%	–
INTC	New	INTEL CORP	$4,119,000	–	170,013	–	1.97%	–
TMO	New	THERMO ELECTRON CORP	$4,042,000	–	47,766	–	1.93%	–
WMT	New	WAL-MART STORES INC	$4,001,000	–	53,710	–	1.91%	–
ACT	New	ACTAVIS INC	$3,853,000	–	30,525	–	1.84%	–
CVS	New	C V S CORP DEL	$3,795,000	–	66,374	–	1.82%	–
JPM	New	JP MORGAN CHASE & CO	$3,694,000	–	69,979	–	1.77%	–
EMR	New	EMERSON ELECTRIC CO	$3,686,000	–	67,576	–	1.76%	–
IBM	New	INTL BUSINESS MACHINES	$3,582,000	–	18,742	–	1.71%	–
COP	New	CONOCOPHILLIPS	$3,451,000	–	57,049	–	1.65%	–
HAL	New	HALLIBURTON COMPANY	$3,449,000	–	82,671	–	1.65%	–
T	New	AT & T INC	$3,354,000	–	94,739	–	1.60%	–
CSCO	New	CISCO SYSTEMS INC	$3,298,000	–	135,532	–	1.58%	–
MRK	New	MERCK & CO INC	$2,989,000	–	64,354	–	1.43%	–
CB	New	CHUBB CORPORATION	$2,733,000	–	32,281	–	1.31%	–
BA	New	BOEING CO	$2,645,000	–	25,822	–	1.26%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,480,000	–	55,495	–	1.19%	–
BAC	New	BANK AMERICA CORP	$2,444,000	–	190,069	–	1.17%	–
ADP	New	AUTO DATA PROCESSING	$2,372,000	–	34,442	–	1.14%	–
WFC	New	WELLS FARGO & CO NEW	$2,325,000	–	56,330	–	1.11%	–
CTXS	New	CITRIX SYSTEMS INC	$2,308,000	–	38,241	–	1.10%	–
	New	3M COMPANY	$1,995,000	–	18,245	–	0.95%	–
GS	New	GOLDMAN SACHS GROUP INC	$1,973,000	–	13,045	–	0.94%	–
ESRX	New	EXPRESS SCRIPTS A	$1,936,000	–	31,365	–	0.93%	–
SYY	New	SYSCO CORPORATION	$1,837,000	–	53,775	–	0.88%	–
PCP	New	PRECISION CASTPARTS CORP COM	$1,757,000	–	7,775	–	0.84%	–
BK	New	THE BANK OF NY MELLON CORP	$1,695,000	–	60,431	–	0.81%	–
	New	TIME WARNER INC	$1,638,000	–	28,324	–	0.78%	–
CAH	New	CARDINAL HEALTH INC	$1,619,000	–	34,300	–	0.77%	–
PSX	New	PHILLIPS 66	$1,593,000	–	27,035	–	0.76%	–
MCD	New	MCDONALDS CORPORATION	$1,545,000	–	15,602	–	0.74%	–
MDLZ	New	MONDELIZ INTL INC	$1,534,000	–	53,755	–	0.73%	–
KFT	New	KRAFT FOODS INC	$1,488,000	–	26,634	–	0.71%	–
RDSA	New	ROYAL DUTCH SHELL SPON ADR COM	$1,460,000	–	22,880	–	0.70%	–
DOW	New	DOW CHEMICAL COMPANY	$1,351,000	–	41,994	–	0.65%	–
COV	New	COVIDIEN LTD	$1,136,000	–	18,076	–	0.54%	–
MO	New	ALTRIA GROUP INC	$1,125,000	–	32,146	–	0.54%	–
BERK	New	BERKSHIRE BANCP INC DEL	$1,081,000	–	135,991	–	0.52%	–
EMC	New	E M C CORP MASS	$1,043,000	–	44,141	–	0.50%	–
PNC	New	PNC FINANCIAL SERVICES	$1,039,000	–	14,254	–	0.50%	–
GLW	New	CORNING INC	$995,000	–	69,957	–	0.48%	–
	New	ABBVIE INC	$952,000	–	23,032	–	0.46%	–
IFF	New	INTL FLAVOR & FRAGRANCES COM	$924,000	–	12,300	–	0.44%	–
CMC	New	COMMERCIAL METALS CO	$864,000	–	58,518	–	0.41%	–
QCOM	New	QUALCOMM INC	$841,000	–	13,775	–	0.40%	–
ABT	New	ABBOTT LABORATORIES	$832,000	–	23,857	–	0.40%	–
PM	New	PHILIP MORRIS INTL INC	$820,000	–	9,469	–	0.39%	–
MET	New	METLIFE INC	$816,000	–	17,829	–	0.39%	–
ALTV	New	ALTEVA	$802,000	–	81,176	–	0.38%	–
PFF	New	ISHARES TR S&P US PFD	$775,000	–	19,725	–	0.37%	–
AAPL	New	APPLE COMPUTER INC	$739,000	–	1,864	–	0.35%	–
KO	New	COCA COLA COMPANY	$736,000	–	18,358	–	0.35%	–
UTX	New	UNITED TECHNOLOGIES CORP COM	$725,000	–	7,806	–	0.35%	–
TYC	New	TYCO INTL LTD NEW	$645,000	–	19,572	–	0.31%	–
NOC	New	NORTHROP GRUMMAN CORP	$604,000	–	7,290	–	0.29%	–
DD	New	DU PONT E I DO NEMOUR	$579,000	–	11,033	–	0.28%	–
SE	New	SPECTRA ENERGY CORP	$523,000	–	15,166	–	0.25%	–
TTE	New	TOTAL S A ADR	$522,000	–	10,725	–	0.25%	–
NVS	New	NOVARTIS AG ADR	$516,000	–	7,300	–	0.25%	–
PPL	New	PPL CORPORATION	$509,000	–	16,805	–	0.24%	–
AMGN	New	AMGEN INC	$507,000	–	5,142	–	0.24%	–
CAG	New	CONAGRA FOODS INC	$487,000	–	13,950	–	0.23%	–
4945SC	New	KINDER MORGAN ENERGY LP	$480,000	–	5,622	–	0.23%	–
FPL	New	NEXTRA ENERGY INC.	$457,000	–	5,614	–	0.22%	–
LSE	New	CAPLEASE INC	$451,000	–	53,400	–	0.22%	–
BCPC	New	BALCHEM CORP	$432,000	–	9,660	–	0.21%	–
BLK	New	BLACKROCK INC	$423,000	–	1,648	–	0.20%	–
TEVA	New	TEVA PHARM INDS LTD ADRF COM	$413,000	–	10,536	–	0.20%	–
ITW	New	ILLINOIS TOOL WORKS INC	$412,000	–	5,950	–	0.20%	–
RSG	New	REPUBLIC SERVICES INC	$407,000	–	11,990	–	0.20%	–
RMD	New	RESMED INC	$406,000	–	9,000	–	0.19%	–
JFBC	New	JEFFERSONVILLE BANCORP	$395,000	–	36,342	–	0.19%	–
NSC	New	NORFOLK SOUTHERN CORP	$396,000	–	5,452	–	0.19%	–
TD	New	TORONTO DOMINION BK	$391,000	–	4,870	–	0.19%	–
EQT	New	EQT CORPORATION	$385,000	–	4,850	–	0.18%	–
LLY	New	ELI LILLY & COMPANY	$379,000	–	7,712	–	0.18%	–
ADT	New	ADT CORPORATION	$373,000	–	9,364	–	0.18%	–
DUK	New	DUKE ENERGY CORPORATION	$360,000	–	5,335	–	0.17%	–
LOW	New	LOWES COMPANIES INC	$347,000	–	8,479	–	0.17%	–
CAT	New	CATERPILLAR INC	$346,000	–	4,195	–	0.17%	–
ED	New	CONSOLIDATED ENDISON INC COM	$333,000	–	5,719	–	0.16%	–
MTB	New	M & T BANK CORP	$333,000	–	2,981	–	0.16%	–
SNY	New	SANOFI AVENTIS	$328,000	–	6,375	–	0.16%	–
RTN	New	RAYTHEON COMPANY NEW	$316,000	–	4,780	–	0.15%	–
CL	New	COLGATE-PALMOVILE CO	$316,000	–	5,513	–	0.15%	–
AZN	New	ASTRAZENECA PLC	$316,000	–	6,680	–	0.15%	–
GLD	New	STREETRACKS GOLD TRUST	$310,000	–	2,602	–	0.15%	–
BP	New	BP PLC ADR	$310,000	–	7,429	–	0.15%	–
MDU	New	M D U RESOURCES GROUP INC COM	$310,000	–	11,946	–	0.15%	–
DIS	New	DISNEY WALT HOLDING CO	$307,000	–	4,857	–	0.15%	–
GOOGL	New	GOOGLE INC CLASS A	$276,000	–	313	–	0.13%	–
HON	New	HONEYWELL INTERNATIONAL	$269,000	–	3,385	–	0.13%	–
SLB	New	SCHLUMBERGER LTD	$267,000	–	3,727	–	0.13%	–
PNR	New	PENTAIR INC	$248,000	–	4,292	–	0.12%	–
OXY	New	OCCIDENTAL PETE CORP	$246,000	–	2,761	–	0.12%	–
SCHW	New	THE CHARLES SCHWAB CORP	$242,000	–	11,395	–	0.12%	–
USB	New	US BANCORP DEL NEW	$240,000	–	6,640	–	0.12%	–
ALCO	New	ALICO INC	$239,000	–	5,952	–	0.11%	–
NBR	New	NABORS INDS INC	$226,000	–	14,750	–	0.11%	–
DRI	New	DARDEN RESTAURANTS INC	$224,000	–	4,436	–	0.11%	–
STJ	New	ST JUDE MEDICAL INC	$224,000	–	4,900	–	0.11%	–
SO	New	THE SOUTHERN COMPANY	$212,000	–	4,801	–	0.10%	–
NYCB	New	NEW YORK COMNTY BANCORP	$173,000	–	12,356	–	0.08%	–
CHDX	New	CHINDEX INTERNATIONAL INC COM	$162,000	–	10,000	–	0.08%	–
WEN	New	WENDYS CO	$71,000	–	12,200	–	0.03%	–
ZLCS	New	ZALICUS INC	$6,000	–	11,000	–	0.00%	–
DSCVF	New	DISCOVERY CORP ENTERPRISES INC COM	$2,000	–	34,000	–	0.00%	–
BRWC	New	BOREAL WATER COLLECTION INC COM	$0	–	35,700	–	0.00%	–
VNTA	New	VENTANA BIOTECH INC	$0	–	10,000	–	0.00%	–
CHMR	New	CHIMERA ENERGY CORP	$0	–	16,600	–	0.00%	–
ASPR	New	ADSOUTH PARTNERS INC	$0	–	10,001	–	0.00%	–
WMNS	New	WESTMONT RESOURCES INC	$0	–	147,750	–	0.00%	–
	New	RSTK INTERLINK US NETWORKS COM	$0	–	45,000	–	0.00%	–

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