Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	JOHNSON&JOHNSON	213,878	$20.84M	6.8%	$86.62	—	com	47816010
—	PHILIP MORRIS IN	181,183	$14.53M	4.7%	$86.00	—	com	71817210
—	ALTRIA GROUP INC	245,290	$12M	3.9%	$35.02	—	com	02209S10
—	OXFORD INDS INC	133,681	$11.69M	3.8%	$62.40	—	com	69149730
—	MONDELEZ INTER-A	281,888	$11.6M	3.8%	$29.56	—	com	60920710
—	MCDONALDS CORP	112,046	$10.65M	3.5%	$96.70	—	com	58013510
—	PEPSICO INC	113,807	$10.62M	3.5%	$81.87	—	com	71344810
—	DIAGEO PLC-ADR	87,114	$10.11M	3.3%	$116.99	—	com	25243Q20
—	APPLE INC	76,412	$9.584M	3.1%	$136.30	—	com	03783310
—	EXXON MOBIL CORP	114,207	$9.502M	3.1%	$90.30	—	com	30231G10
—	LABORATORY CP	75,344	$9.133M	3.0%	$98.90	—	com	50540R40
—	REDWOOD TRUST	568,497	$8.925M	2.9%	$17.23	—	com	75807540
—	WALT DISNEY CO	74,891	$8.548M	2.8%	$63.15	—	com	25468710
—	HEINEKEN HLDG	120,148	$8.521M	2.8%	$69.25	—	com	022350277
—	ABBOTT LABS	168,284	$8.259M	2.7%	$35.83	—	com	00282410
—	KINDER MORGAN IN	214,271	$8.226M	2.7%	$37.70	—	com	49456B10
—	LOCKHEED MARTIN	43,155	$8.022M	2.6%	$108.46	—	com	53983010
—	IBM	47,090	$7.66M	2.5%	$178.43	—	com	45920010
—	JPMORGAN CHASE	112,135	$7.598M	2.5%	$53.67	—	com	46625H10
—	PHILLIPS 66	94,027	$7.575M	2.5%	$76.06	—	com	71854610
—	ORITANI FINANCIA	455,372	$7.309M	2.4%	$15.42	—	com	68633D10
—	BERKSHIRE HATH-B	49,422	$6.727M	2.2%	$112.84	—	com	08467070
—	WESTAMERICA BANC	121,721	$6.165M	2.0%	$45.32	—	com	95709010
—	COMPASS DIVERSIF	375,758	$6.162M	2.0%	$17.52	—	com	20451Q10
—	NATL OILWELL VAR	126,341	$6.1M	2.0%	$65.90	—	com	63707110
—	EQUITY ONE INC	249,880	$5.832M	1.9%	$22.76	—	com	29475210
—	TWENTY-FIRST - B	175,865	$5.666M	1.9%	$31.32	—	com	90130A20
—	BROWN-FORMAN -B	56,316	$5.642M	1.8%	$67.54	—	com	11563720
—	GRACO INC	59,615	$4.234M	1.4%	$63.20	—	com	38410910
—	BANK NY MELLON	99,124	$4.16M	1.4%	$28.59	—	com	06405810
—	DOMINION RES/VA	61,644	$4.122M	1.3%	$59.02	—	com	25746U10
—	NOW INC	191,964	$3.822M	1.2%	$26.47	—	com	67011P10
—	LIBERTY INTER-A	124,217	$3.447M	1.1%	$23.01	—	com	53071M10
—	NISOURCE INC W/I	196,514	$3.282M	1.1%	$16.70	—	com	65473P11
—	INNOSPEC INC	71,000	$3.198M	1.0%	$42.70	—	com	45768S10
—	ABBVIE INC	42,853	$2.879M	0.9%	$41.34	—	com	00287Y10
—	FRANKLIN RES INC	57,102	$2.8M	0.9%	$73.01	—	com	35461310
—	TRAVELERS COS IN	28,642	$2.769M	0.9%	$79.92	—	com	89417E10
—	DUKE ENERGY CORP	33,133	$2.34M	0.8%	$67.49	—	com	26441C20
—	SCRIPPS NET-CL A	34,681	$2.267M	0.7%	$66.60	—	com	81106510
—	GENERAL ELECTRIC	64,836	$1.723M	0.6%	$23.19	—	com	36960410
—	CATERPILLAR INC	19,998	$1.696M	0.6%	$82.48	—	com	14912310
—	CHEVRON CORP	15,796	$1.524M	0.5%	$118.53	—	com	16676410
—	GOLDMAN SACHS GP	67,469	$1.336M	0.4%	$21.70	—	com	38143Y66
—	BERKSHIRE HATH-A	5	$1.024M	0.3%	$168600.00	—	com	08467010
—	COCA-COLA CO/THE	22,245	$873K	0.3%	$40.10	—	com	19121610
—	ECOLAB INC	6,615	$748K	0.2%	$104.48	—	com	27886510
—	VISA INC-CLASS A	10,252	$688K	0.2%	$114.64	—	com	92826C83
—	TWENTY-FIRST C-A	20,679	$673K	0.2%	$38.40	—	com	90130A10
—	PRICELINE GROUP	434	$500K	0.2%	$1140.55	—	com	74150340
—	AON PLC	3,682	$367K	0.1%	$96.14	—	com	077204849
—	MASTERCARD INC-A	3,667	$343K	0.1%	$86.19	—	com	57636Q10
—	STARBUCKS CORP	6,228	$334K	0.1%	$67.92	—	com	85524410
—	GOOGLE INC-A	615	$332K	0.1%	$530.08	—	com	38259P50
—	SENSATA TECHNOLO	6,195	$327K	0.1%	$57.47	—	com	049581602
—	CANADIAN PACIFIC	2,030	$325K	0.1%	$192.62	—	com	13645T10
—	GOOGLE INC-C	616	$321K	0.1%	$526.83	—	com	38259P70
—	AT&T INC	8,434	$300K	0.1%	$35.57	—	com	00206R10
—	DUNKIN' BRANDS G	5,325	$293K	0.1%	$42.89	—	com	26550410