Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP COM	1,601,609	$65.11M	2.5%	$27.90	+33.5%	Common Stock	594918104
AAPL	APPLE COMPUTER INC COM	517,293	$64.37M	2.5%	$18.47	+45.4%	Common Stock	037833100
PFE	PFIZER INC COM	1,832,146	$63.74M	2.5%	$17.43	+15.3%	Common Stock	717081103
—	AETNA INC COM	573,631	$61.11M	2.4%	$63.54	—	Common Stock	00817Y108
—	BED BATH & BEYOND INC	784,805	$60.25M	2.3%	$64.22	—	Common Stock	075896100
—	GENERAL ELECTRIC	2,263,728	$56.16M	2.2%	$23.60	—	Common Stock	369604103
JPM	JP MORGAN CHASE & CO	914,719	$55.41M	2.2%	$36.75	+20.5%	Common Stock	46625H100
MRK	MERCK & CO INC COM	908,273	$52.21M	2.0%	$30.23	+33.3%	Common Stock	58933Y105
—	HOWARD HUGHES CORP	320,211	$49.64M	1.9%	$117.25	—	Common Stock	44267D107
DOX	AMDOCS LTD	888,556	$48.34M	1.9%	$31.82	+29.9%	Common Stock	G02602103
—	TE CONNECTIVITY LTD	669,271	$47.93M	1.9%	$53.70	—	Common Stock	H84989104
—	EMC CORP/MASS	1,852,165	$47.34M	1.8%	$26.38	—	Common Stock	268648102
MCD	MCDONALDS CORP COM	481,620	$46.93M	1.8%	$71.91	+0.3%	Common Stock	580135101
—	IAC/INTERACTIVECORP	692,816	$46.74M	1.8%	$59.81	—	Common Stock	44919P508
—	DISCOVERY COMMUNICATIONS C	1,573,263	$46.37M	1.8%	$31.37	—	Common Stock	25470F302
PNC	PNC BK CORP COM	481,223	$44.87M	1.7%	$47.73	+34.7%	Common Stock	693475105
ALL	ALLSTATE CORP COM	623,651	$44.38M	1.7%	$37.36	+49.1%	Common Stock	020002101
—	JOHNSON CONTROLS INC	860,683	$43.41M	1.7%	$36.59	—	Common Stock	478366107
AMGN	AMGEN INC COM	269,905	$43.14M	1.7%	$76.00	+51.4%	Common Stock	031162100
STT	STATE STREET CORP	582,635	$42.84M	1.7%	$45.26	+21.9%	Common Stock	857477103
ADM	ARCHER DANIELS MIDLAND	884,377	$41.92M	1.6%	$24.21	+42.9%	Common Stock	039483102
—	ALLEGHANY CORP	84,506	$41.15M	1.6%	$437.80	—	Common Stock	017175100
—	BUNGE LIMITED	481,235	$39.63M	1.5%	$74.12	—	Common Stock	G16962105
T	AT&T INC	1,210,726	$39.53M	1.5%	$11.42	+3.3%	Common Stock	00206R102
—	ROYAL DUTCH SHELL PLC ADR A	656,829	$39.18M	1.5%	$64.10	—	Common Stock	780259206
WMT	WAL MART STORES INC COM	475,581	$39.12M	1.5%	$20.06	+14.8%	Common Stock	931142103
WU	WESTERN UNION CO	1,834,344	$38.17M	1.5%	$16.32	—	Common Stock	959802109
MMM	3M CO	230,622	$38.04M	1.5%	$61.26	+58.1%	Common Stock	88579Y101
CSX	CSX CORP COM	1,140,543	$37.77M	1.5%	$8.83	+9.9%	Common Stock	126408103
LUV	SOUTHWEST AIRLINES	852,281	$37.76M	1.5%	$11.86	+225.4%	Common Stock	844741108
—	L-3 COMMUNICATIONS HLDS	298,202	$37.51M	1.5%	$96.35	—	Common Stock	502424104
COP	CONOCOPHILLIPS	593,149	$36.93M	1.4%	$40.63	+12.2%	Common Stock	20825C104
—	PLUM CREEK TIMBER CO INC	849,180	$36.9M	1.4%	$43.96	—	Common Stock	729251108
BDX	BECTON DICKINSON & COMPANY	252,042	$36.19M	1.4%	$81.63	+45.2%	Common Stock	075887109
—	VIACOM INC CL B	524,057	$35.79M	1.4%	$70.90	—	Common Stock	92553P201
ATI	ALLEGHENY TECHNOLOGIES INC	1,175,113	$35.27M	1.4%	$29.56	+0.8%	Common Stock	01741R102
MCK	MCKESSON CORP	155,709	$35.22M	1.4%	$101.46	+101.3%	Common Stock	58155Q103
—	LEUCADIA NATIONAL CORP	1,550,873	$34.57M	1.3%	$22.42	—	Common Stock	527288104
URBN	URBAN OUTFITTERS INC	750,075	$34.24M	1.3%	$32.41	+20.0%	Common Stock	917047102
—	CHUBB CORP COM	336,752	$34.05M	1.3%	$88.61	—	Common Stock	171232101
USB	US BANCORP	776,004	$33.89M	1.3%	$22.47	+32.6%	Common Stock	902973304
SLB	SCHLUMBERGER LTD COM	404,075	$33.72M	1.3%	$57.27	+7.1%	Common Stock	806857108
—	BLACKROCK INC	91,100	$33.33M	1.3%	$270.51	—	Common Stock	09247X101
CVX	CHEVRON CORP	312,471	$32.8M	1.3%	$71.98	-7.0%	Common Stock	166764100
TDC	TERADATA CORP	740,707	$32.7M	1.3%	$44.18	-1.0%	Common Stock	88076W103
AVT	AVNET INC COM	730,535	$32.51M	1.3%	$34.30	+1.3%	Common Stock	053807103
—	RAYTHEON COMPANY	295,749	$32.31M	1.3%	$66.12	—	Common Stock	755111507
MS	MORGAN STANLEY	904,284	$32.27M	1.3%	$17.60	+51.5%	Common Stock	617446448
AGCO	AGCO CORP	634,560	$30.23M	1.2%	$38.28	-2.7%	Common Stock	001084102
—	TIME WARNER INC	354,829	$29.96M	1.2%	$59.24	—	Common Stock	887317303
INTC	INTEL CORP COM	901,361	$28.19M	1.1%	$17.19	+51.3%	Common Stock	458140100
—	NATIONAL OILWELL VARCO INC	555,390	$27.76M	1.1%	$69.28	—	Common Stock	637071101
PSX	PHILLIPS 66	348,894	$27.42M	1.1%	$43.49	+13.3%	Common Stock	718546104
—	NOBLE ENERGY INC	508,958	$24.89M	1.0%	$48.90	—	Common Stock	655044105
—	BABCOCK & WILCOX	676,407	$21.71M	0.8%	$30.42	—	Common Stock	05615F102
—	BG GROUP PLC-SPON ADR	1,671,840	$20.66M	0.8%	$12.36	—	Common Stock	055434203
NEM	NEWMONT MINING CORP	940,750	$20.42M	0.8%	$18.26	0.0%	Common Stock	651639106
—	PIER 1 IMPORTS INC	1,439,440	$20.12M	0.8%	$13.98	—	Common Stock	720279108
VMI	VALMONT INDUSTRIES	162,088	$19.92M	0.8%	$136.48	-10.2%	Common Stock	920253101
EMR	EMERSON ELEC CO COM	338,865	$19.19M	0.7%	$40.38	+7.5%	Common Stock	291011104
MEOH	METHANEX CORP	296,016	$15.86M	0.6%	$54.45	-8.0%	Common Stock	59151K108
CTSH	COGNIZANT TECH SOLUTIONS	243,474	$15.19M	0.6%	$35.54	+47.1%	Common Stock	192446102
—	STAPLES INC	884,270	$14.4M	0.6%	$15.75	—	Common Stock	855030102
DVN	DEVON ENERGY CORP	222,590	$13.42M	0.5%	$37.37	+11.2%	Common Stock	25179M103
—	EPIQ SYSTEMS INC.	707,945	$12.69M	0.5%	$13.59	—	Common Stock	26882D109
GS	GOLDMAN SACHS GROUP INC	66,736	$12.54M	0.5%	$120.91	+23.9%	Common Stock	38141G104
GPN	GLOBAL PAYMENTS INC	135,341	$12.41M	0.5%	$22.94	+84.6%	Common Stock	37940X102
TRMB	TRIMBLE NAVIGATION LTD	485,150	$12.23M	0.5%	$25.65	0.0%	Common Stock	896239100
XEL	XCEL ENERGY INC	338,300	$11.78M	0.5%	$19.68	+28.7%	Common Stock	98389B100
GLW	CORNING INC	510,927	$11.59M	0.5%	$10.50	+69.8%	Common Stock	219350105
KEY	KEYCORP NEW COM	655,320	$9.279M	0.4%	$6.79	+31.8%	Common Stock	493267108
—	BROCADE COMMUNICATIONS SYS	743,261	$8.819M	0.3%	$5.76	—	Common Stock	111621306
NSRGY	NESTLE SA ADR	111,930	$8.419M	0.3%	$65.78	—	Common Stock	641069406
—	PEOPLES UNITED FINANCIAL	523,107	$7.951M	0.3%	$14.90	—	Common Stock	712704105
—	PRECISION CASTPARTS CP COM	34,338	$7.211M	0.3%	$226.00	—	Common Stock	740189105
COST	COSTCO WHOLESALE	40,255	$6.098M	0.2%	$86.56	+39.7%	Common Stock	22160K105
TDS	TELEPHONE AND DATA SYSTEMS	229,050	$5.703M	0.2%	$24.99	0.0%	Common Stock	879433829
FIBK	FIRST INTERSTATE BANCSYSTEM	198,430	$5.52M	0.2%	$11.68	+37.4%	Common Stock	32055Y201
JNJ	JOHNSON & JOHNSON COM	48,125	$4.841M	0.2%	$59.66	+25.9%	Common Stock	478160104
MRSH	MARSH & MCLENNAN COS	80,734	$4.528M	0.2%	$32.65	+43.0%	Common Stock	571748102
—	PACIFIC CONTINENTAL CORP	274,152	$3.624M	0.1%	$12.06	—	Common Stock	69412V108
—	WALGREEN BOOTS ALLIANCE, INC	29,730	$2.518M	0.1%	$76.20	—	Common Stock	931427108
XOM	EXXON MOBIL CORPORATION	27,401	$2.329M	0.1%	$54.44	+2.1%	Common Stock	30231G102
SPY	S&P 500 DEPOSITARY RECEIPT	9,957	$2.055M	0.1%	$160.44	—	Common Stock	78462F103
—	PIONEER NAT RES CO COM	9,972	$1.631M	0.1%	$144.79	—	Common Stock	723787107
UNP	UNION PAC CORP COM	12,025	$1.302M	0.1%	$68.65	+33.8%	Common Stock	907818108
—	STANCORP FINANCIAL GROUP	12,023	$825K	0.0%	$49.39	—	Common Stock	852891100
BA	BOEING CO COM	5,404	$811K	0.0%	$86.18	+48.3%	Common Stock	097023105
WFC	WELLS FARGO & CO NEW COM	14,671	$798K	0.0%	$27.78	+43.4%	Common Stock	949746101
FDX	FEDEX CORPORATION	4,727	$782K	0.0%	$81.95	+80.4%	Common Stock	31428X106
—	DIRECTV	8,444	$719K	0.0%	$61.84	—	Common Stock	25490A309
—	SIGMA ALDRICH CORPORATION	5,200	$719K	0.0%	$135.96	—	Common Stock	826552101
NWPX	NORTHWEST PIPE CO COM	29,214	$670K	0.0%	$27.10	-10.1%	Common Stock	667746101
PEP	PEPSICO INC COM	6,959	$665K	0.0%	$56.00	+24.5%	Common Stock	713448108
LLY	LILLY ELI & CO COM	8,942	$650K	0.0%	$42.21	+38.9%	Common Stock	532457108
HP	HELMERICH & PAYNE	9,118	$621K	0.0%	$61.68	+6.1%	Common Stock	423452101
IBM	INTERNATIONAL BUS MACH	3,773	$606K	0.0%	$118.85	-18.8%	Common Stock	459200101
FAST	FASTENAL CO	14,499	$601K	0.0%	$8.47	-4.4%	Common Stock	311900104
TTEK	TETRA TECH INC	23,965	$576K	0.0%	$5.25	-5.8%	Common Stock	88162G103
ORCL	ORACLE CORP COM	13,280	$573K	0.0%	$30.52	+20.7%	Common Stock	68389X105
—	UNITED TECHNOLOGIES CP COM	4,742	$556K	0.0%	$98.06	—	Common Stock	913017109
ABT	ABBOTT LABS COM	11,575	$536K	0.0%	$30.87	+21.2%	Common Stock	002824100
KR	KROGER CO	6,913	$530K	0.0%	$13.82	+109.2%	Common Stock	501044101
PRI	PRIMERICA INC	10,375	$528K	0.0%	$34.51	+50.5%	Common Stock	74164M108
PG	PROCTER & GAMBLE CO COM	6,400	$524K	0.0%	$55.23	+15.1%	Common Stock	742718109
VTV	VANGUARD VALUE ETF	5,739	$480K	0.0%	$81.02	—	Common Stock	922908744
PHG	KONINKLIJKE PHILIPS	16,075	$456K	0.0%	$27.19	—	Common Stock	500472303
SBUX	STARBUCKS CORP COM	4,766	$451K	0.0%	$26.70	+35.3%	Common Stock	855244109
ABBV	ABBVIE INC	6,855	$401K	0.0%	$28.70	+35.4%	Common Stock	00287Y109
CMA	COMERICA INC	8,285	$374K	0.0%	$24.17	+23.0%	Common Stock	200340107
CMI	CUMMINS INC COM	2,511	$348K	0.0%	$81.53	+28.6%	Common Stock	231021106
CSCO	CISCO SYS INC COM	12,594	$347K	0.0%	$15.68	+28.2%	Common Stock	17275R102
IWF	ISHARES RUSSELL 1000 GROWTH	3,375	$334K	0.0%	$91.28	—	Common Stock	464287614
PCAR	PACCAR INC COM	5,012	$316K	0.0%	$21.67	+30.1%	Common Stock	693718108
PM	PHILIP MORRIS INTL	4,029	$304K	0.0%	$49.81	-5.5%	Common Stock	718172109
—	GOOGLE INC CLASS A	523	$290K	0.0%	$872.58	—	Common Stock	38259P508
IWV	ISHARES RUSSELL 3000 INDEX	2,343	$290K	0.0%	$103.03	—	Common Stock	464287689
—	GOOGLE INC CLASS C	525	$288K	0.0%	$574.31	—	Common Stock	38259P706
VUG	VANGUARD GROWTH ETF	2,721	$285K	0.0%	$98.89	—	Common Stock	922908736
BMY	BRISTOL MYERS SQUIBB COM	4,387	$283K	0.0%	$34.23	+26.9%	Common Stock	110122108
MDT	MEDTRONIC PLC	3,614	$282K	0.0%	$58.10	0.0%	Common Stock	G5960L103
PPG	PPG INDS INC COM	1,234	$278K	0.0%	$60.44	+56.2%	Common Stock	693506107
BAC	BANK OF AMERICA CORP	17,845	$275K	0.0%	$10.79	+18.2%	Common Stock	060505104
NKE	NIKE INC CL B	2,661	$267K	0.0%	$28.52	+46.1%	Common Stock	654106103
HAL	HALLIBURTON CO COM	6,041	$265K	0.0%	$39.12	-13.6%	Common Stock	406216101
—	NORDSTROM INC COM	3,250	$261K	0.0%	$61.85	—	Common Stock	655664100
FAF	FIRST AMERICAN FINANCIAL	7,245	$259K	0.0%	$21.37	+14.3%	Common Stock	31847R102
CAG	CONAGRA FOODS INC	6,975	$255K	0.0%	$17.64	+7.7%	Common Stock	205887102
—	TRIUMPH GROUP INC	4,053	$242K	0.0%	$69.12	—	Common Stock	896818101
NVS	NOVARTIS AG ADR	2,412	$238K	0.0%	$86.10	—	Common Stock	66987V109
TEVA	TEVA PHARMACEUTICAL SP ADR	3,700	$231K	0.0%	$57.57	—	Common Stock	881624209
—	WISCONSIN ENERGY CORP COM	4,400	$218K	0.0%	$52.73	—	Common Stock	976657106
ES	EVERSOURCE ENERGY	4,300	$217K	0.0%	$36.21	0.0%	Common Stock	30040W108
KMB	KIMBERLY CLARK CORP COM	1,998	$214K	0.0%	$66.48	+14.8%	Common Stock	494368103
MUR	MURPHY OIL CORP	4,420	$206K	0.0%	$35.33	-9.3%	Common Stock	626717102
F	FORD MTR CO DEL COM	10,770	$174K	0.0%	$8.95	-1.4%	Common Stock	345370860
—	ALCOA INC COM	12,295	$159K	0.0%	$8.10	—	Common Stock	013817101
WEN	WENDY'S CO	14,025	$153K	0.0%	$8.19	+30.5%	Common Stock	95058W100
—	TESCO PLC SPONS ADR	13,094	$140K	0.0%	$16.57	—	Common Stock	881575302
—	CASCADE BANCORP COM	12,005	$58,000	0.0%	$4.83	—	Common Stock	147154207
—	RADISYS CORP COM	15,000	$32,000	0.0%	$2.13	—	Common Stock	750459109