Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EQIX	Equinix Inc	57,512	$15.72M	3.6%	$165.52	+30.0%	COM	29444U700
AJG	A. J. Gallagher & Co	361,099	$14.91M	3.4%	$35.27	+6.7%	COM	363576109
—	Spirit Aerosystems Hldgs	299,095	$14.46M	3.3%	$26.80	—	COM	848574109
PSX	Phillips 66	173,829	$13.36M	3.1%	$40.44	+33.6%	COM	718546104
GOOGL	Alphabet Inc. Class A	19,879	$12.69M	2.9%	$31.95	0.0%	COM	02079K305
EPD	Enterprise Products	481,692	$11.99M	2.7%	$51.30	—	COM	293792107
—	Time Warner Inc	167,106	$11.49M	2.6%	$61.86	—	COM	887317303
—	Dunkin Brands Group Inc	222,290	$10.89M	2.5%	$55.00	—	COM	265504100
BMY	Bristol-Myers Squibb	183,264	$10.85M	2.5%	$28.67	+55.4%	COM	110122108
GD	General Dynamics Corp	75,328	$10.39M	2.4%	$89.02	+29.7%	COM	369550108
—	Visteon Corp	101,871	$10.31M	2.4%	$106.86	—	COM	92839u206
ABBV	Abbvie Inc	184,831	$10.06M	2.3%	$32.12	+32.4%	COM	00287Y109
SBUX	Starbucks Co	171,319	$9.738M	2.2%	$38.52	+17.7%	COM	855244109
SJM	Smucker J M Co. New	83,558	$9.533M	2.2%	$80.68	+1.3%	COM	832696405
—	Avago Technologies	74,646	$9.331M	2.1%	$126.98	—	COM	y0486s104
FLEX	Flextronics Intl Ltd	874,678	$9.219M	2.1%	$8.12	+0.1%	COM	Y2573F102
SBNY	Signature Bank NY	65,529	$9.014M	2.1%	$146.40	—	COM	82669G104
SPY	SPDR S&P 500 ETF Trust	46,836	$8.975M	2.1%	$187.60	—	COM	78462F103
XLK	Technology Select Sector SPDR	226,476	$8.946M	2.0%	$37.32	—	COM	81369Y803
CAR	Avis Budget Car Group	204,052	$8.913M	2.0%	$56.01	-26.4%	COM	053774105
AEP	American Electric Power Inc	156,067	$8.874M	2.0%	$33.33	+15.4%	COM	025537101
—	First American Financial	222,033	$8.675M	2.0%	$23.88	—	COM	31847r102
—	Time Inc	436,094	$8.308M	1.9%	$24.60	—	COM	887228104
—	Novartis AG-Sponsored ADR	80,963	$7.442M	1.7%	$92.65	—	COM	66987v109
—	CB Richard Ellis Group	228,389	$7.308M	1.7%	$34.91	—	COM	12504l109
—	Northstar Realty Fin Corp	559,905	$6.915M	1.6%	$17.97	—	COM	66704R704
—	Sector Spdr Tr Ben Int Financi	303,987	$6.888M	1.6%	$22.24	—	COM	81369y605
APD	Air Products & Chemicals Inc	53,954	$6.883M	1.6%	$95.55	+3.0%	COM	009158106
—	Select Sector Spdr Fd Health C	101,744	$6.739M	1.5%	$58.53	—	COM	81369y209
—	HD Supply Hkdgs Inc	223,534	$6.398M	1.5%	$34.97	—	COM	40416M105
—	Duke Energy	88,594	$6.373M	1.5%	$67.50	—	COM	26441c204
—	Phillips 66 Partners LP	127,114	$6.263M	1.4%	$50.48	—	COM	718549207
—	Amerigas Partners Inc	149,132	$6.193M	1.4%	$49.43	—	COM	030975106
XLY	Select Sector Spdr Tr Consumer	82,766	$6.146M	1.4%	$66.74	—	COM	81369Y407
—	VCA, Inc.	111,542	$5.873M	1.3%	$26.65	—	COM	918194101
NOC	Northrop Grumman Corp	35,311	$5.86M	1.3%	$108.72	+30.2%	COM	666807102
MRSH	Marsh & McLennan Cos Inc	105,162	$5.492M	1.3%	$48.05	-2.7%	COM	571748102
AMZN	Amazon	10,057	$5.148M	1.2%	$25.28	0.0%	COM	023135106
—	Anadarko Petroleum	81,513	$4.923M	1.1%	$85.88	—	COM	032511107
—	Consumer Staples Select Sector	103,442	$4.881M	1.1%	$44.18	—	COM	81369y308
META	Facebook Inc	50,942	$4.58M	1.0%	$89.91	+1.4%	COM	30303M102
MDY	SPDR S&P Midcap 400 ETF Trust	17,318	$4.31M	1.0%	$253.12	—	COM	78467Y107
XLI	Select Sector Spdr Tr	85,141	$4.248M	1.0%	$52.54	—	COM	81369Y704
PEP	Pepsico	43,097	$4.064M	0.9%	$56.78	+22.4%	COM	713448108
—	Spirit Airlines Inc	71,287	$3.372M	0.8%	$75.58	—	COM	848577102
NFLX	Netflix	31,994	$3.304M	0.8%	$10.25	+4.8%	COM	64110L106
—	Spdr Ser Tr S&P 600 Small Cap	32,000	$3.121M	0.7%	$103.18	—	COM	78464A813
ACWX	Ishares Tr MSCI ACWI EX US Ind	78,060	$3.048M	0.7%	$46.39	—	COM	464288240
XEL	Xcel Energy Inc	85,007	$3.01M	0.7%	$19.78	+24.2%	COM	98389B100
—	Select Sector Spdr Tr Energy	47,173	$2.887M	0.7%	$88.10	—	COM	81369y506
—	Interxion Holdings	106,216	$2.876M	0.7%	$27.65	—	COM	n47279109
GOOG	Alphabet Class-C Share	4,659	$2.835M	0.6%	$30.50	0.0%	COM	02079K107
GIS	General Mills Inc	50,252	$2.821M	0.6%	$31.98	+25.0%	COM	370334104
TMO	Thermo Fisher Scientific	20,650	$2.525M	0.6%	$124.88	+1.2%	COM	883556102
—	Berry Plastics Group	81,435	$2.449M	0.6%	$30.07	—	COM	08579W103
JNJ	Johnson & Johnson	26,137	$2.44M	0.6%	$61.12	+18.6%	COM	478160104
—	Towers Watson & Co.	20,694	$2.429M	0.6%	$130.07	—	COM	891894107
CL	Colgate-Palmolive Co	37,812	$2.4M	0.5%	$44.64	+14.9%	COM	194162103
UNP	Union Pacific	27,101	$2.396M	0.5%	$65.16	+10.8%	COM	907818108
—	Wabco Holdings	20,980	$2.199M	0.5%	$122.89	—	COM	92927k102
—	Yahoo, Inc.	73,893	$2.136M	0.5%	$45.49	—	COM	984332106
SO	Southern Co	45,451	$2.032M	0.5%	$26.75	+5.9%	COM	842587107
—	General Electric	77,879	$1.964M	0.4%	$23.92	—	COM	369604103
KHC	Kraft Heinz Co	27,654	$1.952M	0.4%	$47.82	0.0%	COM	500754106
MDLZ	Mondelez Intl Inc	40,382	$1.691M	0.4%	$23.84	+42.8%	COM	609207105
—	Frontier Communications Corp	323,925	$1.539M	0.4%	$6.10	—	COM	35906A108
—	Sector Spdr Tr Utilities Index	35,139	$1.521M	0.3%	$39.59	—	COM	81369y886
SLB	Schlumberger Ltd	21,025	$1.45M	0.3%	$58.92	0.0%	COM	806857108
—	Select Sector Spdr Fd Material	28,336	$1.131M	0.3%	$47.02	—	COM	81369y100
CNI	Canadian National Railroad	19,522	$1.108M	0.3%	$41.81	+15.1%	COM	136375102
XTL	Spdr Ser Tr S&P Telecom ETF	17,444	$923K	0.2%	$56.28	—	COM	78464A540
DVY	Ishares Tr Dow Jones Select Di	9,984	$726K	0.2%	$76.91	—	COM	464287168
XOM	Exxon Mobil Corp	8,296	$617K	0.1%	$52.99	-7.4%	COM	30231G102
—	Dow Chemical Co	13,976	$593K	0.1%	$45.39	—	COM	260543103
IBM	Intl Business Machines	3,210	$465K	0.1%	$115.83	-17.7%	COM	459200101
NSC	Norfolk Southern	5,135	$392K	0.1%	$59.75	+9.0%	COM	655844108
T	A T & T Corp	10,472	$341K	0.1%	$11.55	+6.2%	COM	00206R102
CVX	Chevron Corp	3,900	$308K	0.1%	$71.41	-24.6%	COM	166764100
EFA	Ishares Tr Msci Eafe Index Fd	5,090	$292K	0.1%	$64.24	—	COM	464287465
—	Goldman Sachs Grp Inc	11,200	$287K	0.1%	$24.98	—	PFD	38144x500
—	Merck & Co	5,765	$285K	0.1%	$52.67	—	COM	58933y105
DEO	Diageo Corp	2,633	$284K	0.1%	$114.98	—	COM	25243Q205
—	United Technologies	2,915	$259K	0.1%	$95.78	—	COM	913017109
IJR	Ishares Tr S&P Smallcap 600 In	2,400	$256K	0.1%	$117.92	—	COM	464287804
TMUS	T-Mobile	5,450	$217K	0.0%	$38.55	0.0%	COM	872590104