Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	JOHNSON&JOHNSON	209,064	$21.03M	6.9%	$86.37	—	com	47816010
—	PHILIP MORRIS IN	178,980	$13.48M	4.4%	$86.08	—	com	71817210
—	ALTRIA GROUP INC	244,693	$12.24M	4.0%	$35.02	—	com	02209S10
—	OXFORD INDS INC	149,816	$11.3M	3.7%	$62.40	—	com	69149730
—	PEPSICO INC	113,847	$10.89M	3.6%	$81.87	—	com	71344810
—	MCDONALDS CORP	110,919	$10.81M	3.6%	$96.71	—	com	58013510
—	MONDELEZ INTER-A	282,022	$10.18M	3.4%	$29.56	—	com	60920710
—	REDWOOD TRUST	548,417	$9.8M	3.2%	$17.29	—	com	75807540
—	DIAGEO PLC-ADR	86,525	$9.567M	3.1%	$116.99	—	com	25243Q20
—	APPLE INC	76,746	$9.55M	3.1%	$136.30	—	com	03783310
—	EXXON MOBIL CORP	112,280	$9.544M	3.1%	$90.42	—	com	30231G10
—	LABORATORY CP	74,004	$9.331M	3.1%	$98.50	—	com	50540R40
—	KINDER MORGAN IN	209,935	$8.83M	2.9%	$37.68	—	com	49456B10
—	LOCKHEED MARTIN	43,283	$8.785M	2.9%	$108.46	—	com	53983010
—	HEINEKEN HLDG	120,214	$8.325M	2.7%	$69.25	—	com	022350277
—	WALT DISNEY CO	75,062	$7.873M	2.6%	$63.15	—	com	25468710
—	ABBOTT LABS	168,396	$7.802M	2.6%	$35.83	—	com	00282410
—	PHILLIPS 66	92,934	$7.305M	2.4%	$76.01	—	com	71854610
—	BERKSHIRE HATH-B	48,672	$7.024M	2.3%	$112.48	—	com	08467070
—	JPMORGAN CHASE	110,743	$6.709M	2.2%	$53.49	—	com	46625H10
—	EQUITY ONE INC	249,983	$6.672M	2.2%	$22.76	—	com	29475210
—	ORITANI FINANCIA	455,718	$6.631M	2.2%	$15.42	—	com	68633D10
—	COMPASS DIVERSIF	375,268	$6.417M	2.1%	$17.52	—	com	20451Q10
—	NATL OILWELL VAR	125,047	$6.251M	2.1%	$66.08	—	com	63707110
—	TWENTY-FIRST - B	173,514	$5.705M	1.9%	$31.31	—	com	90130A20
—	WESTAMERICA BANC	121,668	$5.257M	1.7%	$45.32	—	com	95709010
—	BROWN-FORMAN -B	56,381	$5.094M	1.7%	$67.54	—	com	11563720
—	INTEL CORP	155,766	$4.871M	1.6%	$24.20	—	com	45814010
—	IBM	27,434	$4.403M	1.4%	$189.72	—	com	45920010
—	GRACO INC	59,928	$4.324M	1.4%	$63.20	—	com	38410910
—	NOW INC	186,845	$4.043M	1.3%	$26.65	—	com	67011P10
—	BANK NY MELLON	99,220	$3.993M	1.3%	$28.59	—	com	06405810
—	DOMINION RES/VA	53,452	$3.788M	1.2%	$57.81	—	com	25746U10
—	LIBERTY INTERA-A	125,209	$3.655M	1.2%	$23.01	—	com	53071M10
—	INNOSPEC INC	71,115	$3.299M	1.1%	$42.70	—	com	45768S10
—	TRAVELERS COS IN	28,971	$3.133M	1.0%	$79.92	—	com	89417E10
—	DUKE ENERGY CORP	37,522	$2.881M	0.9%	$67.49	—	com	26441C20
—	FRANKLIN RES INC	55,324	$2.839M	0.9%	$73.78	—	com	35461310
—	ABBVIE INC	42,853	$2.509M	0.8%	$41.34	—	com	00287Y10
—	SCRIPPS NET-CL A	30,983	$2.124M	0.7%	$66.75	—	com	81106510
—	CHEVRON CORP	15,796	$1.658M	0.5%	$118.53	—	com	16676410
—	GENERAL ELECTRIC	66,110	$1.64M	0.5%	$23.19	—	com	36960410
—	NEUSTAR INC-CL A	66,410	$1.635M	0.5%	$26.02	—	com	64126X20
—	CATERPILLAR INC	19,998	$1.6M	0.5%	$82.48	—	com	14912310
—	GOLDMAN SACHS GP	69,611	$1.394M	0.5%	$21.70	—	com	38143Y66
—	BERKSHIRE HATH-A	5	$1.088M	0.4%	$168600.00	—	com	08467010
—	COCA-COLA CO/THE	22,747	$922K	0.3%	$40.10	—	com	19121610
—	ECOLAB INC	6,615	$757K	0.2%	$104.48	—	com	27886510
—	TWENTY-FIRST C-A	20,679	$700K	0.2%	$38.40	—	com	90130A10
—	VISA INC-CLASS A	10,252	$671K	0.2%	$114.64	—	com	92826C83
—	MASTERCARD INC-A	7,333	$633K	0.2%	$86.19	—	com	57636Q10
—	PRICELINE GROUP	434	$505K	0.2%	$1140.55	—	com	74150340
—	CANADIAN PACIFIC	2,087	$381K	0.1%	$192.62	—	com	13645T10
—	SENSATA TECHNOLO	6,195	$356K	0.1%	$57.47	—	com	049581602
—	AON PLC	3,682	$354K	0.1%	$96.14	—	com	077204849
—	GOOGLE INC-A	615	$341K	0.1%	$530.08	—	com	38259P50
—	GOOGLE INC-C	615	$336K	0.1%	$526.83	—	com	38259P70
—	STARBUCKS CORP	3,114	$295K	0.1%	$82.21	—	com	85524410
—	DUNKIN' BRANDS G	5,325	$253K	0.1%	$42.89	—	com	26550410