Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	General Elec Co	373,265	$9.261M	6.1%	$24.81	$23.28	—	COM	369604103
BRK/B	Berkshire Hathaway Inc Cl B	50,645	$7.309M	4.8%	$144.32	$111.50	+29.4%	COM	084670702
XOM	Exxon Mobil Corp	83,312	$7.082M	4.7%	$85.01 *	$53.88	-0.8%	COM	30231G102
MMM	3M Co	41,016	$6.766M	4.5%	$164.96 *	$61.26	+58.7%	COM	88579Y101
FDS	Factset Research Sys	42,294	$6.733M	4.4%	$159.20 *	$85.37	+66.7%	COM	303075105
AAPL	Apple Computer	53,517	$6.659M	4.4%	$124.43 *	$17.89	+54.8%	COM	037833100
BRK/A	Berkshire Hathaway Inc Cl A	30	$6.525M	4.3%	$217500.00	$165023.42	+31.8%	COM	084670108
NSRGY	Nestle Sa	85,640	$6.472M	4.3%	$75.57	$69.85	+7.7%	COM	641069406
PG	Procter And Gamble Co	73,066	$5.987M	3.9%	$81.94 *	$55.15	+10.1%	COM	742718109
ADP	Automatic Data Processing	69,845	$5.982M	3.9%	$85.65 *	$45.09	+50.4%	COM	053015103
PRGO	Perrigo Company	35,980	$5.956M	3.9%	$165.54	$151.62	+9.2%	COM	G97822103
HON	Honeywell International Inc	54,980	$5.735M	3.8%	$104.31 *	$54.26	+38.2%	COM	438516106
—	Google Inc Cl C	9,675	$5.302M	3.5%	$548.01	$1006.42	—	COM	38259P706
JNJ	Johnson & Johnson	52,632	$5.295M	3.5%	$100.60 *	$59.91	+24.5%	COM	478160104
—	Google Inc. Cl A	9,335	$5.178M	3.4%	$554.69	$580.15	—	COM	38259P508
NSC	Norfolk Southern Corp.	49,364	$5.081M	3.3%	$102.93 *	$57.83	+40.4%	COM	655844108
—	Actavis Plc Shs	16,878	$5.023M	3.3%	$297.61	$292.74	—	COM	G0083B108
SLB	Schlumberger	54,885	$4.58M	3.0%	$83.45 *	$53.46	+15.3%	COM	806857108
DEO	Diageo Plc	37,843	$4.184M	2.8%	$110.56	$120.93	-8.6%	COM	25243Q205
V	Visa Inc	63,120	$4.129M	2.7%	$65.42 *	$57.67	+5.2%	COM	92826C839
EMR	Emerson Elec Co	64,710	$3.664M	2.4%	$56.62 *	$40.02	+6.0%	COM	291011104
MDLZ	Mondelez Intl Inc Cl A	98,815	$3.566M	2.3%	$36.09 *	$24.10	+17.8%	COM	609207105
EBAY	Ebay Inc Com	57,925	$3.341M	2.2%	$57.68 *	$19.86	+8.8%	COM	278642103
—	Kraft Foods Group Inc Com	36,765	$3.203M	2.1%	$87.12	$61.68	—	COM	50076Q106
PEP	Pepsico Inc.	25,605	$2.448M	1.6%	$95.61 *	$56.09	+23.4%	COM	713448108
—	Southwestern Energy Co.	90,475	$2.098M	1.4%	$23.19	$35.96	—	COM	845467109
DE	Deere & Company	22,850	$2.004M	1.3%	$87.70 *	$68.41	+6.2%	COM	244199105
PFE	Pfizer Inc.	37,062	$1.289M	0.8%	$34.78 *	$16.47	+27.1%	COM	717081103
—	Bridgehampton National Bank	49,577	$1.281M	0.8%	$25.84	$22.49	—	COM	108035106
CAT	Caterpillar Inc.	12,825	$1.026M	0.7%	$80.00 *	$61.56	-1.1%	COM	149123101
—	Ei Dupont De Nemours & Co	12,620	$902K	0.6%	$71.47	$52.54	—	COM	263534109
DIS	Disney Walt Co	8,000	$839K	0.6%	$104.88 *	$56.11	+70.2%	COM	254687106
IBM	International Business Machine	5,135	$824K	0.5%	$160.47 *	$118.94	-17.7%	COM	459200101
HKHHF	Heineken Holding	9,125	$628K	0.4%	$68.82 *	$48.68	+15.5%	COM	N39338194
BMY	Bristol Myers	8,800	$568K	0.4%	$64.55 *	$28.67	+56.2%	COM	110122108
MA	Mastercard	6,250	$540K	0.4%	$86.40 *	$81.25	-0.4%	COM	57636Q104
ALL	Allstate Corp	7,556	$538K	0.4%	$71.20 *	$39.95	+40.9%	COM	020002101
KO	Coca-Cola	11,002	$446K	0.3%	$40.54 *	$27.88	+3.7%	COM	191216100
UNP	Union Pacific	4,100	$444K	0.3%	$108.29 *	$67.66	+25.6%	COM	907818108
T	AT&T Inc.	13,445	$439K	0.3%	$32.65 *	$11.40	+0.5%	COM	00206R102
—	Plum Creek Timber Co.	10,000	$435K	0.3%	$43.50	$46.70	—	COM	729251108
—	Laboratory Amer Hldgs Com New	3,200	$403K	0.3%	$125.94	$100.10	—	COM	50540R409
CVX	Chevron Corporation	3,824	$401K	0.3%	$104.86 *	$71.30	-7.3%	COM	166764100
VZ	Verizon Communications	8,033	$391K	0.3%	$48.67 *	$26.99	+3.2%	COM	92343V104
WFC	Wells Fargo & Co.	7,000	$381K	0.3%	$54.43 *	$27.36	+46.9%	COM	949746101
SJM	Smucker J M Company	2,200	$255K	0.2%	$115.91 *	$70.84	+18.7%	COM	832696405
—	Triangle Cap Corp Com	9,200	$210K	0.1%	$22.83	$22.83	—	COM	895848109
BYDDY	BYD Co Ltd ADR	11,000	$113K	0.1%	$10.27	$7.33	+39.5%	COM	05606L100