Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ADP	Automatic Data Processing	251,999	$20.92M	4.4%	$45.09	+24.8%	COMM	053015103
XOM	ExxonMobil	199,245	$18.73M	3.9%	$53.70	+14.5%	COMM	30231G102
ECL	Ecolab	147,775	$16.99M	3.5%	$73.60	+34.9%	COMM	278865100
CL	Colgate-Palmolive	229,584	$14.92M	3.1%	$44.45	+14.0%	COMM	194162103
KO	Coca-Cola	344,539	$14.81M	3.1%	$27.85	+3.6%	COMM	191216100
JNJ	Johnson & Johnson	133,513	$14.29M	3.0%	$59.77	+26.4%	COMM	478160104
—	Sigma-Aldrich	101,743	$13.84M	2.9%	$80.00	—	COMM	826552101
TJX	TJX Companies	231,992	$13.69M	2.9%	$21.05	+14.6%	COMM	872540109
MA	MasterCard	181,518	$13.43M	2.8%	$70.69	+0.6%	COMM	57636Q104
NKE	NIKE 'B'	128,905	$11.47M	2.4%	$26.83	+28.2%	COMM	654106103
AAPL	Apple, Inc.	112,705	$11.38M	2.4%	$17.96	+20.4%	COMM	037833100
—	United Technologies	94,411	$10.01M	2.1%	$93.35	—	COMM	913017109
MCD	McDonald's	101,698	$9.661M	2.0%	$71.80	-0.8%	COMM	580135101
PG	Procter & Gamble	114,397	$9.609M	2.0%	$55.00	+8.6%	COMM	742718109
CHD	Church & Dwight	135,430	$9.48M	2.0%	$26.31	+11.1%	COMM	171340102
SYK	Stryker	115,282	$9.338M	1.9%	$56.92	+26.4%	COMM	863667101
ABT	Abbott Labs	221,735	$9.313M	1.9%	$28.85	+18.2%	COMM	002824100
—	Stericycle	76,650	$8.968M	1.9%	$110.33	—	COMM	858912108
ABBV	AbbVie	154,234	$8.946M	1.9%	$26.55	+32.5%	COMM	00287Y109
QCOM	QUALCOMM	117,732	$8.83M	1.8%	$46.43	+19.4%	COMM	747525103
—	Celgene	90,540	$8.601M	1.8%	$100.47	—	COMM	151020104
MKC	McCormick & Co.	122,425	$8.202M	1.7%	$28.19	-1.8%	COMM	579780206
PEP	PepsiCo	81,683	$7.597M	1.6%	$56.00	+15.9%	COMM	713448108
RHHBY	Roche Holding Ltd ADR	202,502	$7.493M	1.6%	$49.20	—	COMM	771195104
—	Praxair	53,424	$6.892M	1.4%	$116.20	—	COMM	74005P104
FISV	Fiserv	99,695	$6.48M	1.4%	$24.80	+27.4%	COMM	337738108
EOG	EOG Resources	65,160	$6.451M	1.3%	$58.78	+35.0%	COMM	26875P101
MSFT	Microsoft	139,361	$6.411M	1.3%	$26.70	+41.0%	COMM	594918104
—	Walgreen	96,133	$5.672M	1.2%	$44.00	—	COMM	931422109
INTU	Intuit	61,571	$5.418M	1.1%	$55.80	+35.7%	COMM	461202103
BF/B	Brown-Forman 'B'	55,065	$4.956M	1.0%	$22.83	+32.2%	COMM	115637209
GWW	Grainger, W.W.	19,537	$4.923M	1.0%	$204.42	-0.3%	COMM	384802104
UNP	Union Pacific	43,306	$4.677M	1.0%	$71.17	+12.8%	COMM	907818108
IBM	IBM	23,321	$4.431M	0.9%	$118.94	-3.9%	COMM	459200101
DHR	Danaher	58,143	$4.419M	0.9%	$25.28	+23.3%	COMM	235851102
—	Accenture Ltd 'A'	53,540	$4.337M	0.9%	$72.00	—	COMM	G1150G111
FDS	FactSet Research Systems	35,275	$4.304M	0.9%	$84.34	+30.0%	COMM	303075105
SYY	Sysco Corp.	103,780	$3.944M	0.8%	$24.40	+13.0%	COMM	871829107
USB	US Bancorp	91,891	$3.859M	0.8%	$22.44	+26.6%	COMM	902973304
NVO	Novo Nordisk ADR	78,250	$3.756M	0.8%	$68.77	—	COMM	670100205
HP	Helmerich & Payne	36,822	$3.609M	0.8%	$61.62	+72.5%	COMM	423452101
WMT	Wal-Mart Stores	46,353	$3.523M	0.7%	$19.98	+1.6%	COMM	931142103
—	NextEra Energy	35,999	$3.384M	0.7%	$81.39	—	COMM	302571104
GILD	Gilead Sciences	29,890	$3.168M	0.7%	$40.69	+67.2%	COMM	375558103
ITW	Illinois Tool Works	37,054	$3.113M	0.6%	$49.85	+32.8%	COMM	452308109
—	General Electric	114,494	$2.977M	0.6%	$23.08	—	COMM	369604103
—	Merck	47,233	$2.787M	0.6%	$46.42	—	COMM	589331107
EMR	Emerson Electric	43,161	$2.719M	0.6%	$40.02	+19.4%	COMM	291011104
LLY	Lilly, Eli	41,750	$2.714M	0.6%	$42.21	+21.7%	COMM	532457108
—	Panera Bread	16,503	$2.69M	0.6%	$184.44	—	COMM	69840W108
VZ	Verizon Communications	53,028	$2.651M	0.6%	$26.99	+3.0%	COMM	92343V104
T	A T & T	75,482	$2.642M	0.6%	$11.39	+4.5%	COMM	00206R102
APD	Air Products	19,207	$2.497M	0.5%	$61.75	+49.7%	COMM	009158106
PAYX	Paychex	51,625	$2.272M	0.5%	$25.09	+18.5%	COMM	704326107
INTC	Intel	64,372	$2.253M	0.5%	$17.32	+48.6%	COMM	458140100
IDXX	IDEXX Labs	17,455	$2.06M	0.4%	$43.86	+44.1%	COMM	45168D104
DE	Deere & Company	24,810	$2.034M	0.4%	$68.04	+2.0%	COMM	244199105
CSCO	Cisco Systems	80,144	$2.004M	0.4%	$15.28	+15.8%	COMM	17275R102
PM	Philip Morris Int'l	23,839	$1.979M	0.4%	$49.63	-3.5%	COMM	718172109
FAST	Fastenal	42,850	$1.928M	0.4%	$8.84	-4.2%	COMM	311900104
WEX	WEX	17,385	$1.912M	0.4%	$92.79	+18.4%	COMM	96208T104
MMM	3M Company	13,166	$1.87M	0.4%	$61.99	+34.7%	COMM	88579Y101
AMGN	Amgen	12,865	$1.801M	0.4%	$73.61	+28.4%	COMM	031162100
PFE	Pfizer	60,042	$1.801M	0.4%	$16.45	+6.0%	COMM	717081103
FLO	Flowers Foods	94,825	$1.707M	0.4%	$13.95	-8.8%	COMM	343498101
COP	ConocoPhillips	21,711	$1.672M	0.3%	$42.76	+32.6%	COMM	20825C104
CVS	CVS Health	20,875	$1.67M	0.3%	$41.56	+38.3%	COMM	126650100
—	Berkshire Hathaway 'B'	11,790	$1.627M	0.3%	$112.01	—	COMM	084670207
SLB	Schlumberger	15,709	$1.602M	0.3%	$54.50	+45.9%	COMM	806857108
LOW	Lowe's	29,775	$1.578M	0.3%	$32.88	+25.3%	COMM	548661107
—	Marathon Oil	41,389	$1.573M	0.3%	$35.68	—	COMM	565849106
—	Portfolio Recovery Associates	29,955	$1.558M	0.3%	$76.90	—	COMM	73640Q105
TRMB	Trimble Navigation Limited	47,310	$1.467M	0.3%	$29.70	+9.4%	COMM	896239100
—	Dentsply Int'l	30,254	$1.392M	0.3%	$41.01	—	COMM	249030107
—	Tiffany	14,440	$1.386M	0.3%	$72.99	—	COMM	886547108
MPC	Marathon Petroleum	15,726	$1.337M	0.3%	$27.55	+9.1%	COMM	56585A102
HD	Home Depot	13,930	$1.282M	0.3%	$56.37	+16.6%	COMM	437076102
BCPC	Balchem	21,350	$1.217M	0.3%	$42.43	+17.9%	COMM	057665200
EXPD	Expeditors Int'l	27,950	$1.146M	0.2%	$31.69	+16.0%	COMM	302130109
HSIC	Henry Schein	9,725	$1.128M	0.2%	$36.80	+25.9%	COMM	806407102
—	Johnson Controls	25,075	$1.103M	0.2%	$37.22	—	COMM	478366107
D	Dominion Resources	15,100	$1.042M	0.2%	$34.53	+23.4%	COMM	25746U109
—	Weingarten Realty	32,112	$1.028M	0.2%	$31.20	—	COMM	948741103
BDX	Becton, Dickinson	8,963	$1.022M	0.2%	$78.41	+22.0%	COMM	075887109
—	Kellogg	16,400	$1.017M	0.2%	$38.92	+4.1%	COMM	487836108
CAT	Caterpillar	10,228	$1.013M	0.2%	$61.77	+28.4%	COMM	149123101
—	Monsanto	8,850	$1M	0.2%	$99.22	—	COMM	61166W101
—	Hewlett-Packard	27,700	$970K	0.2%	$25.00	—	COMM	428236103
CTSH	Cognizant Technology	21,509	$968K	0.2%	$37.72	+10.6%	COMM	192446102
—	Linear Technology	21,864	$962K	0.2%	$37.02	—	COMM	535678106
IRBTQ	iRobot	31,590	$948K	0.2%	$31.89	+7.4%	COMM	462726100
FCX	Freeport-McMoRan	28,215	$931K	0.2%	$25.01	+26.5%	COMM	35671D857
CVX	Chevron	7,533	$896K	0.2%	$71.38	+10.0%	COMM	166764100
—	American Tower 'A'	9,465	$890K	0.2%	$94.03	—	COMM	029912201
SBUX	Starbucks	11,807	$886K	0.2%	$28.36	+8.8%	COMM	855244109
—	Noble Energy	11,400	$775K	0.2%	$60.00	—	COMM	655044105
—	Bristol-Myers Squibb	15,049	$767K	0.2%	$45.02	—	COMM	110097102
—	Kayne Anderson	17,579	$721K	0.2%	$38.95	—	COMM	486606106
—	State Street Corp.	9,704	$718K	0.1%	$65.00	—	COMM	857473102
AMZN	Amazon.com	2,219	$715K	0.1%	$13.43	+23.9%	COMM	023135106
PFF	iShares S&P US Pfd	17,875	$715K	0.1%	$40.00	—	DEBT	464288687
BR	Broadridge Financial Solutions	16,380	$688K	0.1%	$20.36	+66.4%	COMM	11133T103
CMI	Cummins Inc.	5,195	$686K	0.1%	$82.62	+28.4%	COMM	231021106
EQR	Equity Residential Properties	10,720	$665K	0.1%	$31.42	+17.5%	COMM	29476L107
—	Dr. Pepper Snapple	10,375	$664K	0.1%	$46.85	—	COMM	26138E109
ROST	Ross Stores	8,600	$654K	0.1%	$28.26	+10.2%	COMM	778296103
—	HCP Inc.	15,900	$636K	0.1%	$44.28	—	COMM	40414L109
BFS	Saul Centers	13,000	$611K	0.1%	$44.00	—	COMM	804395101
—	Roche Holdings AG Genusschein	2,000	$590K	0.1%	$249.00	—	COMM	012875495
DIS	Disney, Walt	6,391	$569K	0.1%	$57.54	+37.8%	COMM	254687106
—	Bank of America	33,294	$566K	0.1%	$13.13	—	COMM	066050105
GIS	General Mills	11,282	$564K	0.1%	$31.98	+10.9%	COMM	370334104
—	Royal Dutch Shell PLC 'A'	7,048	$536K	0.1%	$63.96	—	COMM	780259206
—	Health Care REIT	8,200	$508K	0.1%	$66.88	—	COMM	42217K106
—	Suncor Energy	13,750	$495K	0.1%	$29.59	—	COMM	867229106
ISRG	Intuitive Surgical	1,030	$476K	0.1%	$54.33	-8.6%	COMM	46120E602
WFC	Wells Fargo	7,960	$414K	0.1%	$28.51	+31.2%	COMM	949746101
—	Bed Bath & Beyond	6,110	$403K	0.1%	$67.66	—	COMM	075896100
DUK	Duke Energy	5,116	$384K	0.1%	$41.78	+9.2%	COMM	26441C204
CSX	CSX Corp.	12,000	$384K	0.1%	$6.66	+29.4%	COMM	126408103
JPM	JP Morgan Chase	6,168	$370K	0.1%	$37.19	+16.0%	COMM	46625H100
HCSG	Healthcare Services Group	12,700	$368K	0.1%	$24.06	+15.6%	COMM	421906108
JKHY	Jack Henry & Associates	6,150	$344K	0.1%	$50.60	0.0%	COMM	426281101
—	Kraft Foods Group	5,385	$302K	0.1%	$55.68	—	COMM	50076Q106
TROW	T Rowe Price	3,850	$300K	0.1%	$47.67	+10.3%	COMM	74144T108
KIM	Kimco Realty	13,500	$297K	0.1%	$12.61	+5.5%	COMM	49446R109
NSC	Norfolk Southern	2,640	$296K	0.1%	$56.99	+45.0%	COMM	655844108
EL	Estee Lauder	3,657	$274K	0.1%	$58.25	+11.8%	COMM	518439104
—	Time Warner New	3,610	$271K	0.1%	$57.89	—	COMM	887317105
ORCL	Oracle Corp.	7,019	$267K	0.1%	$27.96	+22.4%	COMM	68389X105
V	Visa	1,215	$259K	0.1%	$51.06	-2.8%	COMM	92826C839
—	DuPont	3,586	$258K	0.1%	$64.89	—	COMM	263534109
GPC	Genuine Parts	2,875	$253K	0.1%	$55.09	+13.6%	COMM	372460105
SEIC	SEI Investments	7,000	$252K	0.1%	$26.47	+17.2%	COMM	784117103
—	Ingredion	3,000	$228K	0.0%	$68.00	—	COMM	011549250
HSY	Hershey Company	2,351	$223K	0.0%	$69.69	+1.3%	COMM	427866108
—	Monster Beverage	2,400	$221K	0.0%	$92.08	—	COMM	611740101
—	Berkshire Hathaway 'A'	1	$207K	0.0%	$207000.00	—	COMM	084670206