Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	JOHNSON&JOHNSON	201,753	$21.1M	6.9%	$85.86	—	com	47816010
—	PHILIP MORRIS IN	173,950	$14.17M	4.6%	$86.39	—	com	71817210
—	ALTRIA GROUP INC	242,616	$11.95M	3.9%	$35.02	—	com	02209S10
—	REDWOOD TRUST	548,417	$10.8M	3.5%	$17.29	—	com	75807540
—	PEPSICO INC	113,847	$10.77M	3.5%	$81.87	—	com	71344810
—	MCDONALDS CORP	109,759	$10.28M	3.4%	$96.71	—	com	58013510
—	EXXON MOBIL CORP	109,501	$10.12M	3.3%	$90.56	—	com	30231G10
—	MONDELEZ INTER-A	272,804	$9.91M	3.3%	$29.34	—	com	60920710
—	DIAGEO PLC-ADR	85,315	$9.734M	3.2%	$117.08	—	com	25243Q20
—	LOCKHEED MARTIN	49,697	$9.57M	3.1%	$108.46	—	com	53983010
—	KINDER MORGAN IN	207,989	$8.8M	2.9%	$37.68	—	com	49456B10
—	APPLE INC	78,103	$8.621M	2.8%	$136.30	—	com	03783310
—	OXFORD INDS INC	149,489	$8.253M	2.7%	$62.40	—	com	69149730
—	LABORATORY CP	74,004	$7.985M	2.6%	$98.50	—	com	50540R40
—	ABBOTT LABS	168,308	$7.577M	2.5%	$35.83	—	com	00282410
HKHHF	HEINEKEN HLDG	115,394	$7.326M	2.4%	$52.66	0.0%	com	N39338194
—	BERKSHIRE HATH-B	48,673	$7.308M	2.4%	$112.48	—	com	08467070
—	WALT DISNEY CO	75,618	$7.122M	2.3%	$63.15	—	com	25468710
—	JPMORGAN CHASE	105,471	$6.6M	2.2%	$53.14	—	com	46625H10
—	PHILLIPS 66	90,394	$6.481M	2.1%	$75.94	—	com	71854610
—	ORITANI FINANCIA	416,804	$6.419M	2.1%	$15.50	—	com	68633D10
—	TWENTY-FIRST - B	173,028	$6.383M	2.1%	$31.31	—	com	90130A20
—	EQUITY ONE INC	249,983	$6.34M	2.1%	$22.76	—	com	29475210
—	COMPASS DIVERSIF	364,870	$5.929M	1.9%	$17.53	—	com	20451Q10
—	INTEL CORP	158,597	$5.755M	1.9%	$24.20	—	com	45814010
—	GRACO INC	63,258	$5.072M	1.7%	$63.20	—	com	38410910
—	WESTAMERICA BANC	103,447	$5.071M	1.7%	$45.69	—	com	95709010
—	NATL OILWELL VAR	76,583	$5.018M	1.6%	$76.26	—	com	63707110
—	BROWN-FORMAN -B	56,381	$4.952M	1.6%	$67.54	—	com	11563720
—	NOW INC	185,216	$4.766M	1.6%	$26.65	—	com	67011P10
—	IBM	27,469	$4.407M	1.4%	$189.72	—	com	45920010
—	BANK NY MELLON	99,220	$4.025M	1.3%	$28.59	—	com	06405810
—	DOMINION RES/VA	49,676	$3.82M	1.3%	$56.82	—	com	25746U10
—	LIBERTY INTERA-A	125,348	$3.688M	1.2%	$23.01	—	com	53071M10
—	DUKE ENERGY CORP	41,205	$3.442M	1.1%	$67.49	—	com	26441C20
—	TRAVELERS COS IN	28,831	$3.052M	1.0%	$79.92	—	com	89417E10
—	FRANKLIN RES INC	54,741	$3.031M	1.0%	$74.02	—	com	35461310
—	INNOSPEC INC	70,513	$3.011M	1.0%	$42.70	—	com	45768S10
—	ABBVIE INC	42,885	$2.806M	0.9%	$41.34	—	com	00287Y10
—	SCRIPPS NET-CL A	31,031	$2.336M	0.8%	$66.75	—	com	81106510
—	NEUSTAR INC-CL A	66,410	$1.846M	0.6%	$26.02	—	com	64126X20
—	CATERPILLAR INC	19,998	$1.83M	0.6%	$82.48	—	com	14912310
—	CHEVRON CORP	16,186	$1.816M	0.6%	$118.53	—	com	16676410
—	GENERAL ELECTRIC	66,110	$1.671M	0.5%	$23.19	—	com	36960410
—	SYMETRA FINANCIA	66,423	$1.531M	0.5%	$15.99	—	com	87151Q10
—	GOLDMAN SACHS GP	70,684	$1.339M	0.4%	$21.70	—	com	38143Y66
—	BERKSHIRE HATH-A	5	$1.13M	0.4%	$168600.00	—	com	08467010
—	COCA-COLA CO/THE	22,478	$949K	0.3%	$40.10	—	com	19121610
—	TWENTY-FIRST C-A	20,679	$794K	0.3%	$38.40	—	com	90130A10
—	SOTHEBY'S	16,467	$711K	0.2%	$37.91	—	com	83589810
—	ECOLAB INC	6,748	$705K	0.2%	$104.48	—	com	27886510
—	VISA INC-CLASS A	2,563	$672K	0.2%	$262.19	—	com	92826C83
—	LIBERTY VENTUR-A	17,094	$645K	0.2%	$37.73	—	com	53071M88
—	MASTERCARD INC-A	7,333	$632K	0.2%	$86.19	—	com	57636Q10
—	PRICELINE GROUP	434	$495K	0.2%	$1140.55	—	com	74150340
—	FLEETCOR TECHNOL	2,744	$408K	0.1%	$148.69	—	com	33904110
—	FASTENAL CO	8,546	$406K	0.1%	$47.51	—	com	31190010
—	CANADIAN PACIFIC	2,087	$402K	0.1%	$192.62	—	com	13645T10
—	MICROSOFT CORP	7,635	$355K	0.1%	$46.50	—	com	59491810
—	AON PLC	3,682	$349K	0.1%	$94.79	—	com	G0408V102
—	GOOGLE INC-A	615	$326K	0.1%	$530.08	—	com	38259P50
—	SENSATA TECHNOLO	6,195	$325K	0.1%	$52.46	—	com	N7902X106
—	GOOGLE INC-C	615	$324K	0.1%	$526.83	—	com	38259P70
—	BANK OF AMER CRP	15,230	$307K	0.1%	$22.27	—	com	06050558
—	SALLY BEAUTY HOL	9,747	$300K	0.1%	$30.78	—	com	79546E10
—	STARBUCKS CORP	3,114	$256K	0.1%	$82.21	—	com	85524410
—	UNION PAC CORP	2,047	$244K	0.1%	$119.20	—	com	90781810
—	DUNKIN' BRANDS G	5,148	$220K	0.1%	$42.74	—	com	26550410