Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ADP	Automatic Data Processing	249,174	$19.93M	3.9%	$45.09	+49.9%	COMM	053015103
MA	MasterCard	189,668	$17.64M	3.4%	$70.99	+21.3%	COMM	57636Q104
ECL	Ecolab	153,750	$17.37M	3.4%	$74.34	+37.5%	COMM	278865100
XOM	ExxonMobil	197,883	$16.42M	3.2%	$53.77	+1.0%	COMM	30231G102
TJX	TJX Companies	237,045	$15.64M	3.0%	$21.22	+35.2%	COMM	872540109
CL	Colgate-Palmolive	229,687	$14.93M	2.9%	$44.45	+19.2%	COMM	194162103
NKE	NIKE 'B'	135,080	$14.59M	2.8%	$27.38	+63.6%	COMM	654106103
AAPL	Apple, Inc.	115,453	$14.43M	2.8%	$18.05	+58.1%	COMM	037833100
KO	Coca-Cola	340,939	$13.3M	2.6%	$27.85	+4.2%	COMM	191216100
JNJ	Johnson & Johnson	136,166	$13.21M	2.6%	$60.16	+23.8%	COMM	478160104
SYK	Stryker	126,272	$12.12M	2.4%	$59.05	+41.9%	COMM	863667101
—	Stericycle	82,112	$11M	2.1%	$111.95	—	COMM	858912108
—	United Technologies	98,661	$10.95M	2.1%	$94.07	—	COMM	913017109
CHD	Church & Dwight	135,155	$10.95M	2.1%	$26.40	+37.8%	COMM	171340102
ABT	Abbott Labs	223,294	$10.94M	2.1%	$28.85	+36.3%	COMM	002824100
—	Celgene	91,665	$10.63M	2.1%	$100.82	—	COMM	151020104
MKC	McCormick & Co.	126,750	$10.27M	2.0%	$28.25	+12.6%	COMM	579780206
ABBV	AbbVie	150,574	$10.09M	2.0%	$26.55	+59.4%	COMM	00287Y109
MCD	McDonald's	95,906	$9.111M	1.8%	$71.80	+3.3%	COMM	580135101
FISV	Fiserv	105,220	$8.733M	1.7%	$25.30	+58.9%	COMM	337738108
PG	Procter & Gamble	110,897	$8.65M	1.7%	$55.00	+9.0%	COMM	742718109
—	Walgreens Boots Alliance	95,933	$8.058M	1.6%	$76.00	—	COMM	931427108
PEP	PepsiCo	82,293	$7.653M	1.5%	$56.14	+23.5%	COMM	713448108
RHHBY	Roche Holding Ltd ADR	201,318	$7.046M	1.4%	$49.05	—	COMM	771195104
—	Praxair	52,619	$6.314M	1.2%	$116.25	—	COMM	74005P104
MSFT	Microsoft	138,967	$6.115M	1.2%	$26.70	+47.1%	COMM	594918104
INTU	Intuit	60,046	$6.065M	1.2%	$55.80	+68.1%	COMM	461202103
BF/B	Brown-Forman 'B'	59,267	$5.927M	1.1%	$23.35	+34.8%	COMM	115637209
FDS	FactSet Research Systems	36,275	$5.913M	1.1%	$85.01	+71.1%	COMM	303075105
EOG	EOG Resources	65,480	$5.762M	1.1%	$58.89	+15.2%	COMM	26875P101
QCOM	QUALCOMM	90,357	$5.692M	1.1%	$46.43	+8.4%	COMM	747525103
GILD	Gilead Sciences	48,070	$5.624M	1.1%	$52.37	+45.1%	COMM	375558103
ACN	Accenture Ltd 'A'	52,326	$5.076M	1.0%	$80.68	0.0%	COMM	G1151C101
UNP	Union Pacific	53,086	$5.043M	1.0%	$74.05	+10.7%	COMM	907818108
DHR	Danaher	57,970	$4.985M	1.0%	$25.28	+37.9%	COMM	235851102
—	Sigma-Aldrich	34,484	$4.793M	0.9%	$80.00	—	COMM	826552101
GWW	Grainger, W.W.	19,112	$4.53M	0.9%	$204.51	-0.1%	COMM	384802104
NVO	Novo Nordisk ADR	79,225	$4.357M	0.8%	$68.77	—	COMM	670100205
USB	US Bancorp	93,324	$4.013M	0.8%	$22.53	+32.7%	COMM	902973304
NEE	NextEra Energy	38,078	$3.732M	0.7%	$19.29	0.0%	COMM	65339F101
SYY	Sysco Corp.	102,180	$3.678M	0.7%	$24.40	+15.9%	COMM	871829107
LLY	Lilly, Eli	41,750	$3.465M	0.7%	$42.21	+49.7%	COMM	532457108
ITW	Illinois Tool Works	37,104	$3.414M	0.7%	$49.85	+48.4%	COMM	452308109
VZ	Verizon Communications	68,000	$3.196M	0.6%	$27.14	+4.4%	COMM	92343V104
SBUX	Starbucks	58,474	$3.158M	0.6%	$36.08	+13.4%	COMM	855244109
—	General Electric	115,894	$3.129M	0.6%	$23.10	—	COMM	369604103
IDXX	IDEXX Labs	48,780	$3.122M	0.6%	$60.12	+15.1%	COMM	45168D104
HAIN	Hain Celestial Group	44,890	$2.963M	0.6%	$59.65	+5.9%	COMM	405217100
MRK	Merck	51,269	$2.922M	0.6%	$40.23	0.0%	COMM	58933Y105
WMT	Wal-Mart Stores	40,225	$2.856M	0.6%	$19.98	+4.5%	COMM	931142103
—	CDK Global Inc.	52,398	$2.829M	0.5%	$53.99	—	COMM	12508E105
HP	Helmerich & Payne	38,872	$2.721M	0.5%	$62.73	+17.8%	COMM	423452101
—	PRA Group	43,595	$2.703M	0.5%	$71.10	—	COMM	73640Q105
APD	Air Products	19,207	$2.631M	0.5%	$61.75	+69.8%	COMM	009158106
IBM	IBM	15,876	$2.588M	0.5%	$118.94	-13.4%	COMM	459200101
PAYX	Paychex	53,675	$2.523M	0.5%	$25.34	+39.8%	COMM	704326107
T	AT&T	67,742	$2.439M	0.5%	$11.39	+7.3%	COMM	00206R102
EMR	Emerson Electric	42,861	$2.357M	0.5%	$40.02	+10.5%	COMM	291011104
AMT	American Tower 'A'	24,865	$2.312M	0.4%	$72.97	0.0%	COMM	03027X100
MMM	3M Company	14,691	$2.262M	0.4%	$64.82	+46.3%	COMM	88579Y101
WEX	WEX	19,800	$2.257M	0.4%	$94.18	+20.6%	COMM	96208T104
PFF	iShares S&P US Pfd	56,775	$2.214M	0.4%	$39.50	—	DEBT	464288687
PM	Philip Morris Int'l	26,744	$2.14M	0.4%	$49.57	-2.5%	COMM	718172109
CSCO	Cisco Systems	78,894	$2.13M	0.4%	$15.28	+35.0%	COMM	17275R102
CVS	CVS Health	20,075	$2.108M	0.4%	$41.56	+81.1%	COMM	126650100
PFE	Pfizer	59,942	$2.038M	0.4%	$16.45	+26.3%	COMM	717081103
LOW	Lowe's	29,775	$1.995M	0.4%	$32.88	+78.9%	COMM	548661107
AMGN	Amgen	12,765	$1.966M	0.4%	$73.61	+59.7%	COMM	031162100
FLO	Flowers Foods	92,800	$1.949M	0.4%	$13.95	+6.9%	COMM	343498101
INTC	Intel	64,493	$1.935M	0.4%	$17.32	+44.9%	COMM	458140100
BCPC	Balchem	34,485	$1.931M	0.4%	$47.07	+15.3%	COMM	057665200
FAST	Fastenal	45,400	$1.907M	0.4%	$8.79	-9.7%	COMM	311900104
MPC	Marathon Petroleum	32,388	$1.684M	0.3%	$32.14	+13.9%	COMM	56585A102
HD	Home Depot	14,050	$1.56M	0.3%	$56.37	+54.5%	COMM	437076102
BRK/B	Berkshire Hathaway 'B'	11,325	$1.54M	0.3%	$142.63	0.0%	COMM	084670702
TSCO	Tractor Supply Company	17,005	$1.53M	0.3%	$14.71	+3.1%	COMM	892356106
HSIC	Henry Schein	10,775	$1.53M	0.3%	$38.13	+45.0%	COMM	806407102
—	Dentsply Int'l	29,254	$1.521M	0.3%	$41.01	—	COMM	249030107
DE	Deere & Company	15,650	$1.518M	0.3%	$68.04	+10.8%	COMM	244199105
CTSH	Cognizant Technology	23,781	$1.451M	0.3%	$39.14	+42.2%	COMM	192446102
—	Tiffany	15,440	$1.42M	0.3%	$75.19	—	COMM	886547108
COP	ConocoPhillips	22,999	$1.403M	0.3%	$43.30	+7.1%	COMM	20825C104
SLB	Schlumberger	16,196	$1.393M	0.3%	$55.35	+20.6%	COMM	806857108
DIS	Disney, Walt	11,316	$1.279M	0.2%	$68.38	+46.2%	COMM	254687106
—	Johnson Controls	25,075	$1.254M	0.2%	$37.22	—	COMM	478366107
BDX	Becton, Dickinson	8,591	$1.22M	0.2%	$78.41	+49.7%	COMM	075887109
JKHY	Jack Henry & Associates	18,135	$1.179M	0.2%	$52.59	+10.9%	COMM	426281101
EXPD	Expeditors Int'l	25,400	$1.168M	0.2%	$31.69	+29.5%	COMM	302130109
—	Marathon Oil	41,389	$1.118M	0.2%	$35.68	—	COMM	565849106
—	Weingarten Realty	33,562	$1.108M	0.2%	$31.34	—	COMM	948741103
—	Kellogg	16,400	$1.033M	0.2%	$38.92	+5.7%	COMM	487836108
D	Dominion Resources	14,850	$995K	0.2%	$34.53	+29.1%	COMM	25746U109
—	Panera Bread	5,560	$973K	0.2%	$184.44	—	COMM	69840W108
BMY	Bristol-Myers Squibb	14,359	$948K	0.2%	$46.01	0.0%	COMM	110122108
—	Linear Technology	21,396	$941K	0.2%	$37.02	—	COMM	535678106
—	Monsanto	8,400	$899K	0.2%	$99.45	—	COMM	61166W101
AMZN	Amazon.com	2,050	$890K	0.2%	$13.43	+55.7%	COMM	023135106
CAT	Caterpillar	10,278	$874K	0.2%	$61.77	+6.6%	COMM	149123101
ROST	Ross Stores	17,340	$850K	0.2%	$36.81	+23.0%	COMM	778296103
—	Hewlett-Packard	27,700	$831K	0.2%	$25.00	—	COMM	428236103
BR	Broadridge Financial Solutions	16,380	$819K	0.2%	$20.36	+117.0%	COMM	11133T103
—	Dr. Pepper Snapple	10,575	$772K	0.1%	$47.32	—	COMM	26138E109
CVX	Chevron	7,817	$750K	0.1%	$71.33	-6.8%	COMM	166764100
EQR	Equity Residential Properties	10,720	$750K	0.1%	$31.42	+37.9%	COMM	29476L107
CMI	Cummins Inc.	5,645	$739K	0.1%	$84.55	+21.6%	COMM	231021106
BFS	Saul Centers	14,500	$711K	0.1%	$45.35	—	COMM	804395101
STT	State Street Corp.	8,954	$689K	0.1%	$57.63	0.0%	COMM	857477103
—	HCP Inc.	18,400	$662K	0.1%	$44.24	—	COMM	40414L109
GIS	General Mills	11,182	$626K	0.1%	$31.98	+21.3%	COMM	370334104
GPC	Genuine Parts	6,650	$599K	0.1%	$62.54	+8.3%	COMM	372460105
IRBTQ	iRobot	18,190	$582K	0.1%	$31.89	+2.8%	COMM	462726100
—	Bank of America	33,494	$569K	0.1%	$13.13	—	COMM	066050105
FCX	Freeport-McMoRan	29,715	$565K	0.1%	$24.94	-25.9%	COMM	35671D857
—	Roche Holdings AG Genusschein	2,000	$562K	0.1%	$249.00	—	COMM	012875495
TRMB	Trimble Navigation Limited	23,860	$549K	0.1%	$29.70	-17.7%	COMM	896239100
—	Kraft Foods Group	6,385	$543K	0.1%	$57.29	—	COMM	50076Q106
—	Kayne Anderson	18,079	$542K	0.1%	$38.92	—	COMM	486606106
—	Health Care REIT	8,200	$541K	0.1%	$66.88	—	COMM	42217K106
ISRG	Intuitive Surgical	1,020	$495K	0.1%	$54.33	+3.0%	COMM	46120E602
—	Noble Energy	11,400	$490K	0.1%	$60.00	—	COMM	655044105
WFC	Wells Fargo	7,960	$446K	0.1%	$28.51	+45.1%	COMM	949746101
HSY	Hershey Company	4,851	$432K	0.1%	$72.17	+1.3%	COMM	427866108
HCSG	Healthcare Services Group	12,700	$419K	0.1%	$24.06	+30.9%	COMM	421906108
JPM	JP Morgan Chase	6,168	$413K	0.1%	$37.19	+32.1%	COMM	46625H100
—	Bed Bath & Beyond	5,985	$413K	0.1%	$67.80	—	COMM	075896100
—	Royal Dutch Shell PLC 'A'	7,048	$402K	0.1%	$63.96	—	COMM	780259206
CSX	CSX Corp.	12,000	$396K	0.1%	$6.66	+47.5%	COMM	126408103
MDLZ	Mondelez Int'l	9,575	$393K	0.1%	$28.41	+8.6%	COMM	609207105
SU	Suncor Energy	13,750	$385K	0.1%	$20.73	0.0%	COMM	867224107
DUK	Duke Energy	5,197	$369K	0.1%	$41.93	+16.2%	COMM	26441C204
MO	Altria	7,150	$350K	0.1%	$23.76	+6.3%	COMM	02209S103
V	Visa	5,115	$343K	0.1%	$58.81	+7.0%	COMM	92826C839
SEIC	SEI Investments	7,000	$343K	0.1%	$26.47	+55.7%	COMM	784117103
—	Monster Beverage	2,400	$322K	0.1%	$92.08	—	COMM	611740101
NSC	Norfolk Southern	3,640	$317K	0.1%	$64.91	+19.3%	COMM	655844108
—	Time Warner New	3,610	$314K	0.1%	$86.98	—	COMM	887317303
NOC	Northrop Grumman	1,920	$305K	0.1%	$114.24	+17.8%	COMM	666807102
EL	Estee Lauder	3,448	$300K	0.1%	$58.25	+29.3%	COMM	518439104
TROW	T Rowe Price	3,850	$300K	0.1%	$47.67	+15.6%	COMM	74144T108
KIM	Kimco Realty	13,500	$297K	0.1%	$12.61	+15.6%	COMM	49446R109
ORCL	Oracle Corp.	6,819	$273K	0.1%	$27.96	+32.3%	COMM	68389X105
—	Aetna	2,000	$254K	0.0%	$127.00	—	COMM	00817Y108
—	Sirona Dental Systems	2,450	$245K	0.0%	$87.06	—	COMM	82966C103
INGR	Ingredion	3,000	$240K	0.0%	$80.34	0.0%	COMM	457187102
REGN	Regeneron Pharmaceuticals	455	$232K	0.0%	$422.88	+14.9%	COMM	75886F107
—	WGL Holdings	4,150	$224K	0.0%	$54.94	—	COMM	92924F106
—	DuPont	3,586	$219K	0.0%	$64.89	—	COMM	263534109
BRK/A	Berkshire Hathaway 'A'	1	$205K	0.0%	$214536.25	0.0%	COMM	084670108
UAA	Under Armour	2,425	$201K	0.0%	$40.45	0.0%	COMM	904311107