Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ISRG	INTUITIVE SURGICAL INC NEW	48,518	$27.85M	6.5%	$102.20	+73.7%	COM	46120E602
OBT	ORANGE CNTY BANCORP INC	840,397	$24.25M	5.6%	$12.72	+15.2%	COM	68417L107
MSFT	MICROSOFT CORP	140,522	$16.07M	3.7%	$28.88	+249.1%	COM	594918104
MDT	MEDTRONIC PLC	149,602	$14.72M	3.4%	$58.35	+30.7%	COM	G5960L103
HD	HOME DEPOT INC	68,094	$14.11M	3.3%	$57.57	+191.7%	COM	437076102
AAPL	APPLE, INC.	46,902	$10.59M	2.5%	$26.55	+85.6%	COM	037833100
JPM	JP MORGAN CHASE & CO	93,565	$10.56M	2.4%	$39.84	+132.5%	COM	46625H100
TMO	THERMO FISHER SCIENTIFIC INC.	42,189	$10.3M	2.4%	$86.36	+161.2%	COM	883556102
JNJ	JOHNSON & JOHNSON	70,964	$9.805M	2.3%	$59.91	+80.3%	COM	478160104
BA	BOEING CO	26,028	$9.68M	2.2%	$110.41	+207.1%	COM	097023105
ADBE	ADOBE SYSTEMS INC	32,823	$8.861M	2.1%	$111.55	+131.2%	COM	00724F101
—	STERLING BANCORP DEL COM	363,251	$7.992M	1.9%	$13.37	—	COM	85917A100
XOM	EXXON MOBIL CORPORATION	92,401	$7.856M	1.8%	$54.19	+7.4%	COM	30231G102
RMD	RESMED INC	62,773	$7.798M	1.8%	$57.28	+78.4%	COM	761152107
PFE	PFIZER INCORPORATED	168,580	$7.429M	1.7%	$17.08	+61.9%	COM	717081103
PEP	PEPSICO INCORPORATED	60,690	$6.785M	1.6%	$67.28	+34.2%	COM	713448108
GOOG	ALPHABET INC CLASS C	5,443	$6.496M	1.5%	$58.44	+1.7%	COM	02079K107
UNH	UNITED HEALTHCARE CORP	24,351	$6.478M	1.5%	$131.84	+74.9%	COM	91324P102
LLY	ELI LILLY & COMPANY	57,935	$6.217M	1.4%	$59.84	+50.9%	COM	532457108
CSCO	CISCO SYSTEMS INC	125,734	$6.117M	1.4%	$15.78	+128.4%	COM	17275R102
INTC	INTEL CORP	122,863	$5.81M	1.3%	$17.68	+134.8%	COM	458140100
BAC	BANKAMERICA CORP	196,310	$5.783M	1.3%	$12.54	+103.2%	COM	060505104
VZ	VERIZON COMMUNICATIONS	107,533	$5.741M	1.3%	$27.38	+30.2%	COM	92343V104
META	FACEBOOK INC CL A	34,633	$5.696M	1.3%	$109.24	+64.6%	COM	30303M102
—	BROADCOM LTD	22,341	$5.512M	1.3%	$197.89	—	COM	Y09827109
CVX	CHEVRONTEXACO CORP	43,561	$5.327M	1.2%	$71.10	+23.6%	COM	166764100
PFF	ISHARES TR S&P US PFD STK INDE	126,928	$4.713M	1.1%	$39.08	—	COM	464288687
—	HARRIS CORP DEL	27,446	$4.644M	1.1%	$85.70	—	COM	413875105
—	RED HAT INC	34,067	$4.643M	1.1%	$83.71	—	COM	756577102
ADP	AUTO DATA PROCESSING	30,412	$4.582M	1.1%	$47.86	+152.4%	COM	053015103
—	DOWDUPONT INC	68,594	$4.411M	1.0%	$69.14	—	COM	26078J100
DIS	DISNEY WALT HOLDING CO	36,099	$4.221M	1.0%	$89.71	+18.8%	COM	254687106
—	SUNTRUST BANKS INC	63,143	$4.217M	1.0%	$44.10	—	COM	867914103
GS	GOLDMAN SACHS GROUP INC	18,363	$4.118M	1.0%	$138.74	+41.6%	COM	38141G104
NKE	NIKE INC CLASS B	48,180	$4.082M	0.9%	$49.39	+47.8%	COM	654106103
COP	CONOCOPHILLIPS	52,222	$4.042M	0.9%	$40.13	+40.4%	COM	20825C104
BK	THE BANK OF NY MELLON CORP	78,234	$3.989M	0.9%	$24.38	+75.2%	COM	064058100
FDX	FEDEX CORPORATION	14,998	$3.611M	0.8%	$170.38	+24.6%	COM	31428X106
EL	ESTEE LAUDER COMPANIES INC	23,050	$3.35M	0.8%	$102.50	+23.4%	COM	518439104
T	AT & T INC	92,883	$3.119M	0.7%	$12.24	+18.2%	COM	00206R102
MRSH	MARSH & MCLENNAN CO INC	37,393	$3.093M	0.7%	$58.47	+28.8%	COM	571748102
CVS	C V S CORP DEL	36,946	$2.908M	0.7%	$45.60	+23.9%	COM	126650100
—	BB&T CORP	59,656	$2.896M	0.7%	$49.97	—	COM	054937107
—	RAYTHEON COMPANY NEW	13,935	$2.88M	0.7%	$101.79	—	COM	755111507
ORCL	ORACLE CORPORATION	55,064	$2.839M	0.7%	$28.21	+54.5%	COM	68389X105
MRK	MERCK & CO INC	39,916	$2.832M	0.7%	$32.33	+56.7%	COM	58933Y105
PG	PROCTER & GAMBLE CO	33,249	$2.767M	0.6%	$55.27	+22.6%	COM	742718109
HON	HONEYWELL INTERNATIONAL	16,588	$2.76M	0.6%	$93.84	+29.6%	COM	438516106
GLW	CORNING INC	76,127	$2.687M	0.6%	$12.28	+115.7%	COM	219350105
PNC	PNC FINANCIAL SERVICES	19,537	$2.661M	0.6%	$59.15	+85.1%	COM	693475105
KHC	KRAFT HEINZ CO	47,953	$2.643M	0.6%	$49.27	-15.1%	COM	500754106
—	3M COMPANY	12,205	$2.572M	0.6%	$125.11	—	COM	885794101
AMGN	AMGEN INC COM	11,897	$2.466M	0.6%	$102.37	+53.7%	COM	031162100
MAS	MASCO CORP	65,582	$2.4M	0.6%	$25.03	+36.5%	COM	574599106
DUK	DUKE ENERGY CORPORATION	29,670	$2.374M	0.6%	$51.40	+16.8%	COM	26441C204
AMT	AMERN TOWER CORP CLASS A	15,989	$2.323M	0.5%	$90.04	+34.2%	COM	03027X100
CSX	C S X CORP	30,269	$2.241M	0.5%	$10.90	+98.0%	COM	126408103
WMT	WAL-MART STORES INC	22,933	$2.154M	0.5%	$20.56	+33.0%	COM	931142103
EMR	EMERSON ELECTRIC CO	26,876	$2.058M	0.5%	$40.33	+53.6%	COM	291011104
DG	DOLLAR GENERAL CORPORATION	18,322	$2.003M	0.5%	$71.09	+32.9%	COM	256677105
SYY	SYSCO CORPORATION	27,330	$2.002M	0.5%	$24.67	+140.2%	COM	871829107
SBUX	STARBUCKS CORP	35,080	$1.994M	0.5%	$45.37	-0.7%	COM	855244109
—	CELGENE CORP	21,898	$1.96M	0.5%	$112.57	—	COM	151020104
—	CHUBB CORPORATION	14,398	$1.924M	0.4%	$87.70	—	COM	171232101
PSX	PHILLIPS 66	16,867	$1.901M	0.4%	$42.30	+103.4%	COM	718546104
ENB	ENBRIDGE INC	58,113	$1.876M	0.4%	$24.53	-10.4%	COM	29250N105
—	EXPRESS SCRIPTS A	19,243	$1.828M	0.4%	$66.60	—	COM	30219G108
MS	MORGAN STANLEY	37,490	$1.746M	0.4%	$28.65	+35.9%	COM	617446448
IBM	INTL BUSINESS MACHINES	11,095	$1.678M	0.4%	$113.77	-11.0%	COM	459200101
ABT	ABBOTT LABORATORIES	22,876	$1.678M	0.4%	$32.24	+79.4%	COM	002824100
DHR	DANAHER CORP	15,275	$1.66M	0.4%	$84.37	+4.3%	COM	235851102
LECO	LINCOLN ELEC HLDGS INC	17,718	$1.656M	0.4%	$69.04	+34.0%	COM	533900106
BMY	BRISTOL-MYERS SQUIBB CO	26,057	$1.618M	0.4%	$29.88	+50.5%	COM	110122108
NOC	NORTHROP GRUMMAN CORP	5,072	$1.61M	0.4%	$66.01	+308.7%	COM	666807102
LYB	LYONDELLBASELL INDUSTRIES NV	15,119	$1.55M	0.4%	$52.45	+31.0%	COM	N53745100
RVTY	PERKINELMER INC	15,737	$1.531M	0.4%	$58.52	+44.1%	COM	714046109
—	ABBVIE INC COM	15,288	$1.446M	0.3%	$42.68	—	COM	002874109
OSK	OSHKOSH CORP	20,146	$1.435M	0.3%	$42.92	+48.8%	COM	688239201
—	BERKSHIRE BANCP INC DEL	108,320	$1.432M	0.3%	$7.97	—	COM	084597202
LMT	LOCKHEED MARTIN CORP	3,995	$1.382M	0.3%	$146.43	+80.5%	COM	539830109
TD	TORONTO DOMINION BK	22,185	$1.349M	0.3%	$45.25	+31.6%	COM	891160509
VLO	VALERO ENERGY CORP	11,425	$1.3M	0.3%	$36.72	+129.3%	COM	91913Y100
—	CITRIX SYSTEMS INC	11,630	$1.293M	0.3%	$60.37	—	COM	177376100
HAL	HALLIBURTON COMPANY	30,824	$1.249M	0.3%	$33.57	+6.0%	COM	406216101
—	GENERAL ELECTRIC COMPANY	93,309	$1.053M	0.2%	$23.94	—	COM	369604103
SHW	SHERWIN WILLIAMS CO	2,274	$1.035M	0.2%	$87.17	+59.0%	COM	824348106
LEN	LENNAR CORP	21,960	$1.025M	0.2%	$44.06	+4.9%	COM	526057104
V	VISA INC	6,475	$972K	0.2%	$135.08	0.0%	COM	92826C839
EBAY	EBAY INC COM	27,932	$922K	0.2%	$28.84	+7.0%	COM	278642103
MCD	MCDONALDS CORP	5,410	$905K	0.2%	$82.47	+63.5%	COM	580135101
MTB	M & T BANK CORP	5,441	$895K	0.2%	$119.04	+15.7%	COM	55261F104
KMX	CARMAX INC	11,718	$875K	0.2%	$64.82	+17.7%	COM	143130102
—	UNITED TECHNOLOGIES CORP	6,179	$864K	0.2%	$113.44	—	COM	913017109
—	ALLERGAN PLC	4,451	$848K	0.2%	$245.40	—	COM	G0177J108
MDLZ	MONDELEZ INTL INC CL A	18,814	$808K	0.2%	$23.72	+50.1%	COM	609207105
—	NEXTERA ENERGY INC.	4,804	$805K	0.2%	$82.80	—	COM	302571104
WFC	WELLS FARGO & CO NEW	15,032	$790K	0.2%	$31.77	+46.4%	COM	949746101
CAT	CATERPILLAR INC	4,984	$760K	0.2%	$67.61	+78.3%	COM	149123101
NSC	NORFOLK SOUTHERN CORP	3,750	$677K	0.2%	$79.99	+84.0%	COM	655844108
PPL	PPL CORPORATION	23,045	$674K	0.2%	$19.16	+10.3%	COM	69351T106
WMB	WILLIAMS COMPANIES	24,634	$670K	0.2%	$22.07	-12.9%	COM	969457100
BP	BP PLC ADR	14,241	$657K	0.2%	$40.32	—	COM	055622104
USB	US BANCORP DEL NEW	11,925	$630K	0.1%	$37.76	+3.6%	COM	902973304
—	ATRION CORP	900	$625K	0.1%	$467.78	—	COM	049904105
JFBC	JEFFERSONVILLE BANCORP	30,006	$600K	0.1%	$11.22	+66.6%	COM	47559A103
LOW	LOWES COMPANIES INC	5,202	$597K	0.1%	$35.50	+156.4%	COM	548661107
ITW	ILLINOIS TOOL WORKS INC	4,153	$586K	0.1%	$52.93	+121.8%	COM	452308109
—	ROYAL DUTCH SHELL SPON ADR	8,140	$555K	0.1%	$63.16	—	COM	780259206
IFF	INTL FLAVOR & FRAGRANCES	3,900	$543K	0.1%	$58.18	+86.2%	COM	459506101
MET	METLIFE INC	11,377	$532K	0.1%	$29.42	+20.8%	COM	59156R108
TAP	MOLSON COORS	8,603	$529K	0.1%	$66.89	-18.8%	COM	60871R209
CAH	CARDINAL HEALTH INC	9,540	$515K	0.1%	$32.61	+26.1%	COM	14149Y108
CMC	COMMERCIAL METALS CO	22,220	$456K	0.1%	$12.06	+56.3%	COM	201723103
SJM	SMUCKER J M CO	4,337	$445K	0.1%	$99.13	-13.2%	COM	832696405
BCPC	BALCHEM CORP	3,855	$432K	0.1%	$44.23	+127.7%	COM	057665200
SCHW	THE CHARLES SCHWAB CORP	8,466	$416K	0.1%	$18.94	+143.2%	COM	808513105
AES	AES CORP	29,010	$406K	0.1%	$8.79	+17.8%	COM	00130H105
MO	ALTRIA GROUP INC	6,433	$388K	0.1%	$19.83	+69.2%	COM	02209S103
TROW	PRICE T ROWE GROUP INC	3,450	$377K	0.1%	$51.69	+67.6%	COM	74144T108
—	ENERGEN CORPORATION	4,200	$362K	0.1%	$54.76	—	COM	29265N108
IYW	ISHARES DOW JONES U.S. TECHNOL	1,860	$361K	0.1%	$194.09	—	COM	464287721
QCOM	QUALCOMM INC	4,535	$327K	0.1%	$49.68	+10.0%	COM	747525103
SUN	SUNOCO INC	11,000	$325K	0.1%	$30.10	—	COM	86765K109
SO	THE SOUTHERN COMPANY	7,274	$317K	0.1%	$26.55	+29.1%	COM	842587107
CMCSA	COMCAST CORP NEW CL A	8,667	$307K	0.1%	$23.66	+24.0%	COM	20030N101
GOOGL	ALPHABET INC CLASS A	252	$304K	0.1%	$54.04	+11.2%	COM	02079K305
—	NUVEEN AMT FREE MUN INCOME FD	22,000	$279K	0.1%	$13.32	—	COM	670657105
GILD	GILEAD SCIENCES INC	3,280	$253K	0.1%	$71.89	-20.9%	COM	375558103
EPD	ENTERPRISE PRD PRTNRS LP	8,208	$236K	0.1%	$28.90	—	COM	293792107
BXMT	BLACKSTONE MTG TR INC	6,950	$233K	0.1%	$31.08	—	COM	09257W100
CSW	CSW INDUSTRIALS INC	4,132	$222K	0.1%	$52.60	0.0%	COM	126402106
ALB	ALBEMARLE CORP	2,150	$215K	0.0%	$87.32	0.0%	COM	012653101
—	ALPS ALERIAN MLP ETF	19,825	$212K	0.0%	$63.49	—	COM	00162Q866
IGM	ISHARES S&P NORTH AMERICAN TEC	1,000	$209K	0.0%	$209.00	—	COM	464287549
RITM	NEW RESIDENTIAL INVT	11,300	$201K	0.0%	$16.73	—	COM	64828T201
—	TWO HBRS INVT CORP COM	12,850	$192K	0.0%	$9.04	—	COM	90187B101
—	NUVEEN MUN HIGH INCOME OPP FD	10,000	$126K	0.0%	$12.50	—	COM	670682103
—	BLACKROCK MUNIENHANCED FD INC	11,400	$115K	0.0%	$10.61	—	COM	09253Y100
—	APOLLO INVT CORP	20,000	$109K	0.0%	$5.55	—	COM	03761U106
—	BLACKROCK CAPITAL INVESTMENT C	17,000	$100K	0.0%	$5.82	—	COM	092533108
—	ATHERSYS INC	22,500	$47,000	0.0%	$2.13	—	COM	04744L106
—	REXAHN PHARMACEUTICALS INC	20,000	$36,000	0.0%	$0.36	—	COM	761640101
—	BOREAL WATER COLLECTION INC CO	35,700	$36,000	0.0%	—	—	COM	09971P100
—	WOLDS INC	120,000	$30,000	0.0%	$0.08	—	COM	98159J101
—	WESTMONT RESOURCES INC	30,000	$30,000	0.0%	—	—	COM	96081P302
—	AIMGLOBAL TECHNOLOGIES INC	20,000	$20,000	0.0%	—	—	COM	00900N100
ASPR	ADSOUTH PARTNERS INC	10,001	$10,000	0.0%	$0.00	-90.0%	COM	00737M200