Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EPD	Enterprise Products	441,231	$34.54M	5.3%	$62.15	—	COM	293792107
PSX	Phillips 66	336,408	$27.06M	4.2%	$40.44	+34.0%	COM	718546104
SLB	Schlumberger Ltd	215,411	$25.41M	3.9%	$74.85	0.0%	COM	806857108
TMUS	T-Mobile	702,225	$23.61M	3.7%	$19.37	+61.2%	COM	872590104
—	Anadarko Petroleum	215,283	$23.57M	3.6%	$85.93	—	COM	032511107
—	Sandisk Corp	221,457	$23.13M	3.6%	$76.27	—	COM	80004C101
—	Spirit Aerosystems Hldgs	667,289	$22.49M	3.5%	$26.14	—	COM	848574109
—	Noble Energy	266,220	$20.62M	3.2%	$71.04	—	COM	655044105
—	Interxion Holdings	730,245	$19.99M	3.1%	$24.83	—	COM	n47279109
—	ITT Industries Inc	412,661	$19.85M	3.1%	$31.84	—	COM	450911201
—	Phillips 66 Partners LP	262,325	$19.82M	3.1%	$50.22	—	COM	718549207
TRN	Trinity Inds Inc	427,071	$18.67M	2.9%	$20.13	0.0%	COM	896522109
—	Spectra Energy Corp	392,300	$16.66M	2.6%	$35.04	—	COM	847560109
AJG	A. J. Gallagher & Co	351,054	$16.36M	2.5%	$34.98	+4.0%	COM	363576109
—	Sodastream Intl Ltd	439,022	$14.75M	2.3%	$48.91	—	COM	M9068e105
—	VCA, Inc.	417,113	$14.64M	2.3%	$26.65	—	COM	918194101
PWR	Quanta Services Inc	415,581	$14.37M	2.2%	$33.24	+2.1%	COM	74762E102
VC	Visteon Corp	138,827	$13.47M	2.1%	$49.07	+6.6%	COM	92839U206
CVX	Chevron Corp	97,325	$12.71M	2.0%	$71.30	+6.5%	COM	166764100
OII	Oceaneering Intl	145,482	$11.37M	1.8%	$72.85	+0.7%	COM	675232102
—	Time Warner Inc	156,506	$10.99M	1.7%	$58.15	—	COM	887317303
BMY	Bristol-Myers Squibb	203,243	$9.859M	1.5%	$28.67	+16.9%	COM	110122108
—	First American Financial	349,618	$9.716M	1.5%	$23.88	—	COM	31847r102
—	Hertz Global Hldgs	322,103	$9.029M	1.4%	$23.80	—	COM	42805t105
GD	General Dynamics Corp	75,622	$8.814M	1.4%	$88.53	0.0%	COM	369550108
NSC	Norfolk Southern	85,420	$8.801M	1.4%	$57.67	+31.8%	COM	655844108
NVS	Novartis AG-Sponsored ADR	91,904	$8.32M	1.3%	$73.40	—	COM	66987V109
SPY	SPDR S&P 500 ETF Trust	41,523	$8.127M	1.3%	$185.73	—	COM	78462F103
—	Google Inc Cl A	13,473	$7.877M	1.2%	$584.65	—	COM	38259p508
—	Merck & Co	131,746	$7.622M	1.2%	$46.45	—	COM	58933y105
—	Duke Energy	101,373	$7.521M	1.2%	$67.50	—	COM	26441c204
—	Amerigas Partners Inc	159,339	$7.232M	1.1%	$49.43	—	COM	030975106
—	Google Inc CL C - Non-Voting	12,283	$7.066M	1.1%	$575.27	—	COM	38259P706
ABBV	Abbvie Inc	122,049	$6.888M	1.1%	$26.55	+24.2%	COM	00287Y109
XLK	Technology Select Sector SPDR	176,326	$6.762M	1.0%	$36.04	—	COM	81369Y803
—	Sector Spdr Tr Ben Int Financi	295,673	$6.724M	1.0%	$22.05	—	COM	81369y605
—	Apache Corp	65,294	$6.57M	1.0%	$100.62	—	COM	037411105
AEP	American Electric Power Inc	116,050	$6.472M	1.0%	$30.44	+14.6%	COM	025537101
—	Breitburn Energy Partners	266,550	$5.896M	0.9%	$18.25	—	COM	106776107
—	Ellie Mae Inc	176,874	$5.506M	0.9%	$31.54	—	COM	28849p100
—	Select Sector Spdr Fd Health C	90,473	$5.503M	0.9%	$56.56	—	COM	81369y209
—	Realogy Holgs	143,638	$5.417M	0.8%	$43.45	—	COM	75605y106
XLY	Select Sector Spdr Tr Consumer	78,427	$5.234M	0.8%	$66.11	—	COM	81369Y407
—	Select Sector Spdr Tr Energy	46,980	$4.703M	0.7%	$89.11	—	COM	81369y506
XLI	Select Sector Spdr Tr	86,292	$4.665M	0.7%	$52.34	—	COM	81369Y704
—	Teekay Offshore Partners	114,947	$4.15M	0.6%	$32.47	—	COM	y8565j101
—	Wabco Holdings	38,473	$4.11M	0.6%	$75.81	—	COM	92927k102
ACWX	Ishares Tr MSCI ACWI EX US Ind	85,204	$4.091M	0.6%	$46.69	—	COM	464288240
—	Ctrip Com Intl	63,291	$4.053M	0.6%	$32.63	—	COM	22943f100
PEP	Pepsico	43,737	$3.907M	0.6%	$56.40	+8.0%	COM	713448108
—	Range Resources Corp	43,420	$3.775M	0.6%	$76.44	—	COM	75281a109
CL	Colgate-Palmolive Co	54,451	$3.712M	0.6%	$44.38	+15.4%	COM	194162103
—	Consumer Staples Select Sector	82,988	$3.703M	0.6%	$43.07	—	COM	81369y308
MDY	SPDR S&P Midcap 400 ETF Trust	13,106	$3.415M	0.5%	$246.41	—	COM	78467Y107
—	Spdr Ser Tr S&P 600 Small Cap	31,268	$3.288M	0.5%	$103.24	—	COM	78464A813
JNJ	Johnson & Johnson	31,350	$3.28M	0.5%	$59.66	+22.6%	COM	478160104
UNP	Union Pacific	32,440	$3.236M	0.5%	$65.16	+14.8%	COM	907818108
GIS	General Mills Inc	60,412	$3.174M	0.5%	$31.98	+11.9%	COM	370334104
XEL	Xcel Energy Inc	96,732	$3.118M	0.5%	$19.78	+7.9%	COM	98389B100
SO	Southern Co	54,608	$2.478M	0.4%	$26.74	+0.8%	COM	842587107
—	Kinder Morgan Energy Partners	25,835	$2.124M	0.3%	$85.40	—	COM	494550106
—	Energy Transfer Part LP	28,000	$1.623M	0.3%	$50.54	—	COM	29273r109
—	General Electric	59,748	$1.57M	0.2%	$23.19	—	COM	369604103
—	Sector Spdr Tr Utilities Index	31,967	$1.415M	0.2%	$39.38	—	COM	81369y886
MDLZ	Mondelez Intl Inc	37,029	$1.393M	0.2%	$23.38	+21.1%	COM	609207105
CNI	Canadian National Railroad	21,092	$1.371M	0.2%	$41.81	+15.5%	COM	136375102
—	Select Sector Spdr Fd Material	25,817	$1.282M	0.2%	$46.80	—	COM	81369y100
—	Kraft Foods Group	17,647	$1.058M	0.2%	$55.94	—	COM	50076Q106
XOM	Exxon Mobil Corp	9,344	$941K	0.1%	$53.69	+15.2%	COM	30231G102
XTL	Spdr Ser Tr S&P Telecom ETF	16,142	$916K	0.1%	$56.21	—	COM	78464A540
OXY	Occidental Petroleum	6,035	$619K	0.1%	$66.18	0.0%	COM	674599105
—	United Technologies	4,695	$542K	0.1%	$93.31	—	COM	913017109
—	Goldman Sachs Grp Inc	19,450	$484K	0.1%	$24.98	—	PFD	38144x500
IBM	Intl Business Machines	2,585	$469K	0.1%	$118.94	-5.6%	COM	459200101
—	Time Inc	19,200	$465K	0.1%	$24.22	—	COM	887228104
DEO	Diageo Corp	3,468	$441K	0.1%	$114.98	—	COM	25243Q205
—	Integrys Energy Group Inc	5,600	$398K	0.1%	$58.55	—	COM	45822p105
T	A T & T Corp	9,828	$348K	0.1%	$11.37	+3.6%	COM	00206R102
ED	Con Edison Co Of NY	4,325	$250K	0.0%	$37.50	-2.9%	COM	209115104
—	South Jersey Industries	4,100	$248K	0.0%	$57.46	—	COM	838518108