Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CTBI	COMMUNITY TRUST BANCORP INC	1,806,067	$60.74M	8.9%	$20.31	+12.5%	COM	204149108
JNJ	JOHNSON & JOHNSON	263,557	$28.09M	4.1%	$64.92	+16.4%	COM	478160104
JPM	JP MORGAN CHASE & CO	399,430	$24.06M	3.5%	$36.97	+16.7%	COM	46625H100
C	CITIGROUP INC	417,292	$21.62M	3.2%	$36.43	+2.7%	COM	172967424
—	AMERICAN INTERNATIONAL GROUP	379,476	$20.5M	3.0%	$50.97	—	COM	26874784
—	GENERAL ELECTRIC CORP	789,103	$20.22M	3.0%	$23.73	—	COM	369604103
MSFT	MICROSOFT CORP	435,810	$20.2M	2.9%	$27.75	+35.7%	COM	594918104
PG	PROCTER & GAMBLE COMPANY	233,776	$19.58M	2.9%	$55.74	+7.2%	COM	742718109
PHG	KONINKLIJKE PHILIPS NV-ADR	586,888	$18.61M	2.7%	$28.66	—	COM	500472303
GM	GENERAL MOTORS CO	570,078	$18.21M	2.7%	$24.21	+9.4%	COM	37045V100
XOM	EXXON MOBIL CORP	192,872	$18.14M	2.6%	$56.01	+9.8%	COM	30231G102
SNY	SANOFI SPONS ADR	318,094	$17.95M	2.6%	$52.19	—	COM	80105N105
KO	COCA COLA CO	414,015	$17.66M	2.6%	$27.24	+5.9%	COM	191216100
T	AT & T INC	499,841	$17.61M	2.6%	$11.15	+6.7%	COM	00206R102
—	UNILEVER N V -NY SHARES	442,271	$17.55M	2.6%	$39.83	—	COM	904784709
UNH	UNITEDHEALTH GROUP INC COM	198,979	$17.16M	2.5%	$53.36	+31.8%	COM	91324P102
—	APACHE CORP	176,441	$16.56M	2.4%	$86.05	—	COM	37411105
—	TOTAL S.A. SPONS ADR	256,665	$16.54M	2.4%	$52.05	—	COM	89151E109
WFC	WELLS FARGO & CO	308,991	$16.03M	2.3%	$29.07	+28.7%	COM	949746101
NVS	NOVARTIS AG SPONSORED ADR	154,983	$14.59M	2.1%	$72.39	—	COM	66987V109
—	ROYAL DUTCH-ADR A	191,432	$14.57M	2.1%	$65.63	—	COM	780259206
—	MEDTRONIC INC	233,592	$14.47M	2.1%	$55.84	—	COM	585055106
—	APPLE INC	137,303	$13.83M	2.0%	$108.15	—	COM	37833100
NTAP	NETAPP INC	315,515	$13.55M	2.0%	$30.14	0.0%	COM	64110D104
TGT	TARGET CORP	193,995	$12.16M	1.8%	$42.05	+2.8%	COM	87612E106
DGS	WISDOMTREE EMERGING MKTS S/C D	262,143	$12.12M	1.8%	$46.26	—	OTR	97717W281
MKL	MARKEL CORPORATION	18,793	$11.96M	1.7%	$547.99	+17.7%	COM	570535104
PVH	PVH CORP	97,655	$11.83M	1.7%	$115.28	0.0%	COM	693656100
EEMV	ISHA MSCI EMERG MKT MIN VOL ET	196,624	$11.76M	1.7%	$57.58	—	OTR	464286533
DKS	DICKS SPORTING GOODS INC	262,820	$11.53M	1.7%	$34.66	-3.9%	COM	253393102
—	POTASH CORP SASK INC	329,950	$11.4M	1.7%	$32.72	—	COM	73755L107
FMC	FMC CORP	198,748	$11.37M	1.7%	$44.36	0.0%	COM	302491303
PEP	PEPSICO INC	121,270	$11.29M	1.6%	$58.10	+11.7%	COM	713448108
—	TRONOX LTD	300,422	$7.826M	1.1%	$21.24	—	COM	Q9235V101
—	BERKSHIRE HATHAWAY INC-CL B	48,270	$6.668M	1.0%	$127.40	—	COM	84670702
NXPI	NXP SEMICONDUCTORS	96,775	$6.622M	1.0%	$59.11	0.0%	COM	N6596X109
UPS	UNITED PARCEL SVC INC CL B	61,254	$6.021M	0.9%	$55.38	+19.8%	COM	911312106
—	ENERGY XXI BERMUDA	506,595	$5.75M	0.8%	$23.56	—	COM	G10082140
SAMG	SILVERCREST ASSET MANAGEMENT G	397,331	$5.412M	0.8%	$13.41	+19.4%	COM	828359109
—	VALEANT PHARMACEUTICALS INTL	25,095	$3.292M	0.5%	$126.12	—	COM	91911K102
—	FIRST SECURITY GROUP INC	1,459,340	$2.89M	0.4%	$2.16	—	COM	336312202
PFE	PFIZER INC	76,992	$2.277M	0.3%	$17.67	-1.3%	COM	717081103
MDLZ	MONDELEZ INTERNATIONAL INC	60,000	$2.056M	0.3%	$28.30	+0.1%	COM	609207105
FCNCA	FIRST CTZNS BANCSHARES INC CL	9,475	$2.052M	0.3%	$182.75	+18.5%	COM	31946M103
CVX	CHEVRON CORPORATION	14,032	$1.674M	0.2%	$74.61	+5.2%	COM	166764100
—	SPECTRA ENERGY CORP WI	40,000	$1.57M	0.2%	$42.48	—	COM	847560109
TEVA	TEVA PHARMACEUTICAL INDS LTD A	28,135	$1.512M	0.2%	$52.45	—	COM	881624209
—	BERKSHIRE HATHAWAY INC CLASS A	7	$1.448M	0.2%	$189857.14	—	COM	84670108
FDX	FEDEX CORPORATION	8,634	$1.394M	0.2%	$129.06	0.0%	COM	31428X106
—	GOOGLE INC CL A	2,321	$1.366M	0.2%	$811.15	—	COM	38259P508
—	GOOGLE INC CLASS C	2,287	$1.321M	0.2%	$575.38	—	COM	38259P706
—	WALGREEN COMPANY COM	21,533	$1.277M	0.2%	$74.15	—	COM	931422109
GLW	CORNING INC COM	64,225	$1.242M	0.2%	$15.67	-1.3%	COM	219350105
—	KRAFT FOODS GROUP INC	21,849	$1.232M	0.2%	$59.96	—	COM	50076Q106
WMT	WALMART STORES INC	16,035	$1.226M	0.2%	$20.41	-0.5%	COM	931142103
—	ASHLAND INC	11,650	$1.213M	0.2%	$98.80	—	COM	44209104
—	BANK AMER CORP	64,500	$1.1M	0.2%	$16.26	—	COM	60505104
KMB	KIMBERLY-CLARK CORP	10,000	$1.076M	0.2%	$71.75	-1.3%	COM	494368103
VZ	VERIZON COMMUNICATIONS	20,899	$1.045M	0.2%	$27.05	+2.8%	COM	92343V104
SYK	STRYKER CORP	12,225	$987K	0.1%	$71.15	+1.1%	COM	863667101
EMR	EMERSON ELECTRIC	15,400	$964K	0.1%	$46.92	+1.8%	COM	291011104
CLX	CLOROX COMPANY	10,000	$960K	0.1%	$64.50	+1.8%	COM	189054109
HAL	HALLIBURTON CO	14,592	$941K	0.1%	$51.48	+7.2%	COM	406216101
COP	CONOCOPHILLIPS	12,214	$935K	0.1%	$42.72	+32.7%	COM	20825C104
F	FORD MOTOR CO DEL	61,300	$907K	0.1%	$8.37	+12.1%	COM	345370860
FISV	FISERV INC	12,950	$837K	0.1%	$29.64	+6.6%	COM	337738108
—	UNITED TECHNOLOGIES CORP	7,800	$823K	0.1%	$115.45	—	COM	913017109
CAT	CATERPILLAR INC	8,100	$802K	0.1%	$78.02	+1.6%	COM	149123101
—	DOW CHEM COMPANY	14,750	$773K	0.1%	$45.67	—	COM	260543103
—	AMERICAN EXPRESS CO	8,500	$744K	0.1%	$93.18	—	COM	25816109
—	AFFILIATED MANAGERS GROUP INC	3,550	$711K	0.1%	$204.29	—	COM	8252108
OMC	OMNICOM GROUP	10,050	$692K	0.1%	$47.35	+3.1%	COM	681919106
NKE	NIKE INC-CLASS B	7,750	$691K	0.1%	$32.64	+5.3%	COM	654106103
GAMI	GAMCO INVESTORS INC CL A	9,750	$690K	0.1%	$31.34	+0.9%	COM	361438104
RIO	RIO TINTO PLC SPONS ADR	13,830	$680K	0.1%	$54.30	—	COM	767204100
DIA	SPDR DJIA TRUST	3,900	$663K	0.1%	$167.95	—	OTR	78467X109
FAST	FASTENAL CO	14,700	$660K	0.1%	$9.11	-7.1%	COM	311900104
IBM	INTERNATIONAL BUSINESS MACHINE	3,452	$656K	0.1%	$112.28	+1.8%	COM	459200101
—	CITY NATIONAL CORP	8,500	$643K	0.1%	$75.68	—	COM	178566105
V	VISA INC	2,972	$634K	0.1%	$42.76	+16.0%	COM	92826C839
GS	GOLDMAN SACHS GROUP INC	3,450	$633K	0.1%	$131.29	+7.1%	COM	38141G104
—	ENSTAR GROUP LTD	4,500	$613K	0.1%	$147.60	—	COM	G3075P101
WYNN	WYNN RESORTS LTD	3,250	$608K	0.1%	$172.07	-3.2%	COM	983134107
SLB	SCHLUMBERGER LTD	5,750	$585K	0.1%	$75.62	+5.1%	COM	806857108
LEA	LEAR CORP	6,604	$571K	0.1%	$46.85	+69.4%	COM	521865204
—	PRECISION CASTPARTS CORP	2,375	$563K	0.1%	$252.21	—	COM	740189105
—	BB & T CORP	14,175	$527K	0.1%	$37.32	—	COM	54937107
—	LEUCADIA NATIONAL CORP	22,000	$524K	0.1%	$25.69	—	COM	527288104
VNO	VORNADO REALTY TRUST REIT	5,200	$520K	0.1%	$105.19	—	OTR	929042109
—	TIFFANY & CO	5,250	$506K	0.1%	$99.33	—	COM	886547108
—	WHOLE FOODS MKT INC	13,000	$495K	0.1%	$38.08	—	COM	966837106
BMY	BRISTOL MYERS SQUIBB CO	9,610	$492K	0.1%	$28.67	+19.4%	COM	110122108
BIIB	BIOGEN IDEC INC	1,426	$472K	0.1%	$300.97	+9.6%	COM	09062X103
—	BROOKFIELD ASSET MANAGE-CL A	10,500	$472K	0.1%	$44.23	—	COM	112585104
YUM	YUM! BRANDS INC	6,480	$466K	0.1%	$42.91	0.0%	COM	988498101
EPD	ENTERPRISE PRODS PARTNERS LP	10,800	$435K	0.1%	$51.63	—	COM	293792107
BF/A	BROWN FORMAN CORP CL A	4,760	$425K	0.1%	$17.20	+29.6%	COM	115637100
DEI	DOUGLAS EMMETT INC REIT	16,000	$411K	0.1%	$27.68	—	OTR	25960P109
—	KINDER MORGAN ENERGY PARTNERS	4,000	$373K	0.1%	$85.50	—	COM	494550106
CL	COLGATE PALMOLIVE	5,700	$372K	0.1%	$51.23	-1.1%	COM	194162103
EL	LAUDER ESTEE COS CL-A	4,900	$366K	0.1%	$63.79	+2.1%	COM	518439104
—	BP PLC SPONS ADR	7,735	$340K	0.0%	$43.96	—	COM	55622104
—	ANNALY CAPITAL MANAGEMENT REIT	29,000	$310K	0.0%	$11.26	—	COM	35710409
RF	REGIONS FINANCIAL CORP	30,402	$305K	0.0%	$7.08	-2.3%	COM	7591EP100
GLPI	GAMING AND LEISURE PROPERTIES	9,565	$296K	0.0%	$33.25	—	OTR	36467J108
DHR	DANAHER CORP	3,900	$296K	0.0%	$31.10	+0.2%	COM	235851102
HD	HOME DEPOT INC	3,090	$284K	0.0%	$56.09	+17.2%	COM	437076102
—	WELLPOINT INC	2,328	$278K	0.0%	$99.66	—	COM	94973V107
—	DU PONT E I DE NEMOURS & CO	3,745	$269K	0.0%	$67.09	—	COM	263534109
—	AMGEN INC	1,815	$255K	0.0%	$118.46	—	COM	31162100
LVS	LAS VEGAS SANDS CORP	4,000	$249K	0.0%	$49.32	0.0%	COM	517834107
—	PLUM CREEK TIMBER CO INC COM	6,022	$235K	0.0%	$46.66	—	COM	729251108
USB	US BANCORP NEW	5,360	$224K	0.0%	$23.02	+23.4%	COM	902973304
—	NATURAL RESOURCE PARTNERS LP	16,069	$210K	0.0%	$20.08	—	COM	63900P103
—	ENERGY TRANSFER PARTNERS LP	3,200	$205K	0.0%	$64.06	—	COM	29273R109
—	POAGE BANKSHARES INC	13,250	$199K	0.0%	$15.02	—	COM	730206109
—	ALPHA NATURAL RESOURCES, INC.	57,900	$144K	0.0%	$5.24	—	COM	02076X102
LYG	LLOYDS BANKING GROUP PLC-SPONS	11,412	$58,000	0.0%	$3.82	—	COM	539439109