Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ISRG	INTUITIVE SURGICAL INC NEW	45,715	$26.08M	6.3%	$102.20	+73.9%	COM	46120E602
OBT	ORANGE CNTY BANCORP INC	832,897	$22.28M	5.4%	$12.73	+7.5%	COM	68417L107
MSFT	MICROSOFT CORP	134,523	$15.87M	3.8%	$37.11	+175.6%	COM	594918104
MDT	MEDTRONIC PLC	148,900	$13.56M	3.3%	$59.01	+26.0%	COM	G5960L103
HD	HOME DEPOT INC	63,379	$12.16M	2.9%	$68.41	+126.1%	COM	437076102
TMO	THERMO FISHER SCIENTIFIC INC.	38,994	$10.67M	2.6%	$103.95	+135.1%	COM	883556102
JPM	JP MORGAN CHASE & CO	89,318	$9.042M	2.2%	$46.48	+83.6%	COM	46625H100
BA	BOEING CO	22,332	$8.518M	2.1%	$129.30	+190.2%	COM	097023105
ADBE	ADOBE SYSTEMS INC	31,069	$8.28M	2.0%	$126.41	+99.4%	COM	00724F101
AAPL	APPLE, INC.	43,414	$8.246M	2.0%	$28.22	+43.3%	COM	037833100
LLY	ELI LILLY & COMPANY	59,288	$7.693M	1.9%	$60.80	+82.5%	COM	532457108
PEP	PEPSICO INCORPORATED	61,792	$7.573M	1.8%	$71.45	+29.4%	COM	713448108
VZ	VERIZON COMMUNICATIONS	126,411	$7.475M	1.8%	$30.37	+28.2%	COM	92343V104
PFE	PFIZER INCORPORATED	161,098	$6.842M	1.7%	$18.86	+55.0%	COM	717081103
GOOG	ALPHABET INC CLASS C	5,734	$6.728M	1.6%	$58.20	-4.3%	COM	02079K107
—	STERLING BANCORP DEL COM	353,076	$6.578M	1.6%	$14.33	—	COM	85917A100
CSCO	CISCO SYSTEMS INC	114,462	$6.18M	1.5%	$18.32	+115.6%	COM	17275R102
META	FACEBOOK INC CL A	35,846	$5.975M	1.4%	$117.08	+34.9%	COM	30303M102
UNH	UNITED HEALTHCARE CORP	23,758	$5.874M	1.4%	$151.31	+50.4%	COM	91324P102
XOM	EXXON MOBIL CORPORATION	72,165	$5.831M	1.4%	$54.19	+2.3%	COM	30231G102
INTC	INTEL CORP	108,306	$5.816M	1.4%	$19.76	+121.8%	COM	458140100
JNJ	JOHNSON & JOHNSON	41,361	$5.782M	1.4%	$59.91	+84.2%	COM	478160104
—	BROADCOM LTD	18,814	$5.658M	1.4%	$206.01	—	COM	Y09827109
AMT	AMERN TOWER CORP CLASS A	25,991	$5.122M	1.2%	$108.92	+34.1%	COM	03027X100
DIS	DISNEY WALT HOLDING CO	45,139	$5.012M	1.2%	$95.72	+12.7%	COM	254687106
RMD	ROYAL CARIBBEAN CRUISES LTD	45,074	$4.905M	1.2%	$57.28	+69.4%	COM	761152107
AMZN	AMAZON COM INC	2,699	$4.806M	1.2%	$83.14	+0.1%	COM	023135106
CMCSA	COMCAST CORP NEW CL A	117,807	$4.71M	1.1%	$29.94	+5.3%	COM	20030N101
V	VISA INC	28,837	$4.504M	1.1%	$132.46	+3.7%	COM	92826C839
ADP	AUTO DATA PROCESSING	28,087	$4.487M	1.1%	$57.45	+118.3%	COM	053015103
—	XILINX INC	35,289	$4.474M	1.1%	$86.72	—	COM	983919101
NKE	NIKE INC CLASS B	52,781	$4.445M	1.1%	$54.11	+39.3%	COM	654106103
CRM	SALESFORCE COM	27,035	$4.282M	1.0%	$138.68	+10.4%	COM	79466L302
CVX	CHEVRONTEXACO CORP	34,757	$4.281M	1.0%	$71.48	+22.3%	COM	166764100
COP	CONOCOPHILLIPS	63,967	$4.269M	1.0%	$44.44	+19.2%	COM	20825C104
PFF	ISHARES TR S&P US PFD STK INDE	116,544	$4.26M	1.0%	$39.08	—	COM	464288687
MRSH	MARSH & MCLENNAN CO INC	44,460	$4.175M	1.0%	$63.21	+25.5%	COM	571748102
DUK	DUKE ENERGY CORPORATION	44,752	$4.028M	1.0%	$56.58	+18.3%	COM	26441C204
ILMN	ILLUMINA INC	12,812	$3.981M	1.0%	$308.94	-5.6%	COM	452327109
BAC	BANKAMERICA CORP	139,583	$3.851M	0.9%	$12.90	+85.2%	COM	060505104
CSX	C S X CORP	49,763	$3.723M	0.9%	$15.12	+39.6%	COM	126408103
EL	ESTEE LAUDER COMPANIES INC	22,016	$3.645M	0.9%	$105.52	+27.5%	COM	518439104
MRK	MERCK & CO INC	42,920	$3.57M	0.9%	$36.71	+64.2%	COM	58933Y105
DHR	DANAHER CORP	24,946	$3.293M	0.8%	$85.92	+15.7%	COM	235851102
PG	PROCTER & GAMBLE CO	30,405	$3.164M	0.8%	$57.60	+42.5%	COM	742718109
WMT	WAL-MART STORES INC	31,148	$3.038M	0.7%	$23.68	+23.5%	COM	931142103
HON	HONEYWELL INTERNATIONAL	19,076	$3.032M	0.7%	$100.84	+20.2%	COM	438516106
—	SUNTRUST BANKS INC	50,598	$2.998M	0.7%	$44.79	—	COM	867914103
SHW	SHERWIN WILLIAMS CO	6,739	$2.903M	0.7%	$115.22	+13.6%	COM	824348106
ORCL	ORACLE CORPORATION	50,832	$2.73M	0.7%	$30.52	+50.9%	COM	68389X105
SBUX	STARBUCKS CORP	35,706	$2.654M	0.6%	$46.65	+27.0%	COM	855244109
BK	THE BANK OF NY MELLON CORP	45,179	$2.278M	0.6%	$24.38	+73.6%	COM	064058100
DG	DOLLAR GENERAL CORPORATION	18,902	$2.255M	0.5%	$77.58	+37.0%	COM	256677105
—	RAYTHEON COMPANY NEW	12,306	$2.241M	0.5%	$110.54	—	COM	755111507
PNC	PNC FINANCIAL SERVICES	18,201	$2.233M	0.5%	$68.06	+42.2%	COM	693475105
T	AT & T INC	68,502	$2.148M	0.5%	$12.24	+15.7%	COM	00206R102
AMGN	AMGEN INC COM	11,004	$2.091M	0.5%	$113.82	+35.9%	COM	031162100
FDX	FEDEX CORPORATION	10,868	$1.972M	0.5%	$170.38	-8.5%	COM	31428X106
SYY	SYSCO CORPORATION	27,975	$1.868M	0.5%	$31.79	+70.3%	COM	871829107
—	DOWDUPONT INC	33,974	$1.811M	0.4%	$69.14	—	COM	26078J100
GLW	CORNING INC	54,612	$1.808M	0.4%	$12.28	+120.3%	COM	219350105
ENB	ENBRIDGE INC	48,544	$1.76M	0.4%	$24.53	-6.7%	COM	29250N105
RVTY	PERKINELMER INC	18,150	$1.749M	0.4%	$61.88	+43.2%	COM	714046109
AES	AES CORP	96,367	$1.742M	0.4%	$10.80	+21.9%	COM	00130H105
—	RED HAT INC	9,503	$1.736M	0.4%	$83.71	—	COM	756577102
ABT	ABBOTT LABORATORIES	21,501	$1.719M	0.4%	$32.24	+105.0%	COM	002824100
EMR	EMERSON ELECTRIC CO	25,088	$1.718M	0.4%	$42.56	+31.6%	COM	291011104
—	3M COMPANY	8,224	$1.709M	0.4%	$125.11	—	COM	885794101
IBM	INTL BUSINESS MACHINES	11,699	$1.651M	0.4%	$109.10	-13.3%	COM	459200101
MS	MORGAN STANLEY	38,085	$1.607M	0.4%	$29.09	+16.9%	COM	617446448
—	BB&T CORP	33,405	$1.554M	0.4%	$49.97	—	COM	054937107
—	CHUBB CORPORATION	10,947	$1.533M	0.4%	$87.70	—	COM	171232101
PSX	PHILLIPS 66	14,433	$1.374M	0.3%	$47.67	+50.9%	COM	718546104
LECO	LINCOLN ELEC HLDGS INC	16,259	$1.364M	0.3%	$70.63	+20.1%	COM	533900106
CVS	C V S CORP DEL	24,661	$1.33M	0.3%	$45.60	+8.5%	COM	126650100
MDLZ	MONDELEZ INTL INC CL A	26,594	$1.328M	0.3%	$27.91	+38.9%	COM	609207105
VLO	VALERO ENERGY CORP	14,520	$1.232M	0.3%	$48.22	+29.4%	COM	91913Y100
LMT	LOCKHEED MARTIN CORP	4,024	$1.208M	0.3%	$163.79	+48.7%	COM	539830109
—	ABBVIE INC COM	14,458	$1.165M	0.3%	$42.68	—	COM	002874109
—	CITRIX SYSTEMS INC	10,895	$1.086M	0.3%	$67.04	—	COM	177376100
GS	GOLDMAN SACHS GROUP INC	5,587	$1.073M	0.3%	$138.74	+18.3%	COM	38141G104
NOC	NORTHROP GRUMMAN CORP	3,917	$1.056M	0.3%	$89.27	+172.9%	COM	666807102
BMY	BRISTOL-MYERS SQUIBB CO	22,075	$1.053M	0.3%	$30.52	+25.5%	COM	110122108
MCD	MCDONALDS CORP	5,526	$1.049M	0.3%	$90.49	+70.8%	COM	580135101
AZO	AUTOZONE INC	1,013	$1.037M	0.3%	$801.55	+12.0%	COM	053332102
TD	TORONTO DOMINION BK	18,689	$1.015M	0.2%	$46.93	+17.8%	COM	891160509
CTRA	CABOT OIL & GAS CORP	35,950	$938K	0.2%	$18.18	+2.5%	COM	127097103
OSK	OSHKOSH CORP	12,391	$931K	0.2%	$42.92	+53.7%	COM	688239201
—	CELGENE CORP	9,366	$884K	0.2%	$112.57	—	COM	151020104
—	NEXTERA ENERGY INC.	4,421	$855K	0.2%	$95.68	—	COM	302571104
MTB	M & T BANK CORP	5,366	$843K	0.2%	$119.04	+10.8%	COM	55261F104
PLD	PROLOGICS INC.	11,417	$821K	0.2%	$54.81	+2.8%	COM	74340W103
—	UNITED TECHNOLOGIES CORP	5,934	$765K	0.2%	$112.07	—	COM	913017109
—	HARRIS CORP DEL	4,753	$759K	0.2%	$85.70	—	COM	413875105
KMX	CARMAX INC	10,514	$734K	0.2%	$64.82	-4.9%	COM	143130102
HAL	HALLIBURTON COMPANY	24,981	$732K	0.2%	$32.70	-19.8%	COM	406216101
SPG	SIMON PPTY GROUP	3,995	$728K	0.2%	$120.90	+0.6%	COM	828806109
WMB	WILLIAMS COMPANIES	24,285	$697K	0.2%	$22.00	-17.0%	COM	969457100
NSC	NORFOLK SOUTHERN CORP	3,525	$659K	0.2%	$81.21	+85.3%	COM	655844108
LEN	LENNAR CORP	12,506	$614K	0.1%	$44.06	-5.6%	COM	526057104
CAT	CATERPILLAR INC	4,419	$599K	0.1%	$67.61	+69.5%	COM	149123101
ITW	ILLINOIS TOOL WORKS INC	3,760	$540K	0.1%	$52.93	+121.1%	COM	452308109
CHEF	RSTK CHEFS WHSE INC	17,180	$533K	0.1%	$32.77	0.0%	COM	163086101
PPL	PPL CORPORATION	16,520	$524K	0.1%	$19.16	+20.6%	COM	69351T106
USB	US BANCORP DEL NEW	10,825	$522K	0.1%	$37.76	-0.4%	COM	902973304
CI	CIGNA CORP	3,248	$522K	0.1%	$190.77	-12.5%	COM	125523100
KHC	KRAFT HEINZ CO	15,978	$522K	0.1%	$49.27	-41.0%	COM	500754106
JFBC	JEFFERSONVILLE BANCORP	30,006	$521K	0.1%	$11.43	+57.3%	COM	47559A103
—	ROYAL DUTCH SHELL SPON ADR	7,890	$494K	0.1%	$62.46	—	COM	780259206
BP	BP PLC ADR	10,741	$470K	0.1%	$40.24	—	COM	055622104
IFF	INTL FLAVOR & FRAGRANCES	3,595	$463K	0.1%	$70.32	+57.0%	COM	459506101
—	ALLERGAN PLC	3,126	$458K	0.1%	$245.40	—	COM	G0177J108
WFC	WELLS FARGO & CO NEW	9,086	$439K	0.1%	$32.67	+24.8%	COM	949746101
LOW	LOWES COMPANIES INC	3,938	$431K	0.1%	$44.30	+98.8%	COM	548661107
—	GENERAL ELECTRIC COMPANY	40,677	$406K	0.1%	$23.94	—	COM	369604103
CAH	CARDINAL HEALTH INC	8,115	$391K	0.1%	$33.44	+22.7%	COM	14149Y108
KO	COCA COLA COMPANY	7,975	$374K	0.1%	$38.39	-1.6%	COM	191216100
MET	METLIFE INC	8,647	$368K	0.1%	$29.57	+18.5%	COM	59156R108
BCPC	BALCHEM CORP	3,855	$358K	0.1%	$47.98	+73.3%	COM	057665200
IYW	ISHARES DOW JONES U.S. TECHNOL	1,860	$355K	0.1%	$190.86	—	COM	464287721
MO	ALTRIA GROUP INC	6,133	$352K	0.1%	$21.30	+39.5%	COM	02209S103
SUN	SUNOCO INC	11,000	$343K	0.1%	$30.10	—	COM	86765K109
COST	COSTCO WHSL CORP NEW	1,386	$336K	0.1%	$201.55	-1.6%	COM	22160K105
GOOGL	ALPHABET INC CLASS A	276	$325K	0.1%	$53.69	+4.4%	COM	02079K305
TROW	PRICE T ROWE GROUP INC	3,225	$323K	0.1%	$51.69	+41.6%	COM	74144T108
DRI	DARDEN RESTAURANTS INC	2,595	$315K	0.1%	$87.79	+3.3%	COM	237194105
KMB	KIMBERLY-CLARK CORP	2,540	$315K	0.1%	$86.40	+5.7%	COM	494368103
—	NUVEEN AMT FREE MUN INCOME FD	22,000	$294K	0.1%	$13.32	—	COM	670657105
CMC	COMMERCIAL METALS CO	16,055	$274K	0.1%	$13.96	+4.9%	COM	201723103
SO	THE SOUTHERN COMPANY	5,289	$273K	0.1%	$26.55	+40.9%	COM	842587107
TAP	MOLSON COORS	4,414	$263K	0.1%	$66.89	-23.3%	COM	60871R209
QCOM	QUALCOMM INC	4,375	$250K	0.1%	$49.78	-8.1%	COM	747525103
LYB	LYONDELLBASELL INDUSTRIES NV	2,961	$249K	0.1%	$52.45	+5.8%	COM	N53745100
BXMT	BLACKSTONE MTG TR INC	6,950	$240K	0.1%	$31.08	—	COM	09257W100
EPD	ENTERPRISE PRD PRTNRS LP	8,117	$236K	0.1%	$27.52	—	COM	293792107
MAS	MASCO CORP	5,990	$235K	0.1%	$25.03	+27.5%	COM	574599106
—	MAXIM INTEGRATED PRODS	4,200	$223K	0.1%	$50.79	—	COM	57772K101
SCHW	THE CHARLES SCHWAB CORP	5,191	$222K	0.1%	$20.88	+96.1%	COM	808513105
—	GLAXOSMITHKLINE PLC ADR	5,083	$212K	0.1%	$38.15	—	COM	37733W105
—	LIFE STORAGE INC	2,135	$208K	0.1%	$97.42	—	COM	53223X107
ED	CONSOLIDATED EDISON INC	2,452	$208K	0.1%	$60.48	+3.2%	COM	209115104
IGM	ISHARES TR EXPANDED TECH SECTOR ETF	1,000	$206K	0.0%	$206.00	—	COM	464287549
BALL	BALL CORP	3,500	$203K	0.0%	$49.32	0.0%	COM	058498106
—	ALPS ALERIAN MLP ETF	19,375	$194K	0.0%	$43.55	—	COM	00162Q866
RITM	NEW RESIDENTIAL INVT	11,300	$191K	0.0%	$16.73	—	COM	64828T201
ECC	EAGLE POINT CREDIT CO	10,500	$175K	0.0%	$14.19	—	COM	269808101
—	TWO HBRS INVT CORP COM	12,850	$174K	0.0%	$9.04	—	COM	90187B101
—	NUVEEN MUNICIPAL CREDIT INCOME FD	10,500	$159K	0.0%	$15.14	—	COM	67071L106
—	NUVEEN MUNICIPAL CR INCOME FD	10,500	$158K	0.0%	$13.43	—	COM	67070X101
—	NUVEEN MUN HIGH INCOME OPP FD	11,500	$156K	0.0%	$12.65	—	COM	670682103
—	ANNALY MTG MANAGEMENT	13,200	$132K	0.0%	$9.85	—	COM	035710409
—	BLACKROCK CAPITAL INVESTMENT C	21,500	$129K	0.0%	$5.71	—	COM	092533108
—	ASHFORD HOSPITALITY TR INC	12,000	$57,000	0.0%	$4.00	—	COM	044103109
—	BOREAL WATER COLLECTION INC CO	35,700	$36,000	0.0%	—	—	COM	09971P100
—	ATHERSYS INC	22,500	$34,000	0.0%	$2.13	—	COM	04744L106
—	WESTMONT RESOURCES INC	30,000	$30,000	0.0%	—	—	COM	96081P302
—	WOLDS INC	120,000	$26,000	0.0%	$0.08	—	COM	98159J101
—	AIMGLOBAL TECHNOLOGIES INC	20,000	$20,000	0.0%	—	—	COM	00900N100
—	REXAHN PHARMACEUTICALS INC	20,000	$10,000	0.0%	$0.50	—	COM	761640200
ASPR	ADSOUTH PARTNERS INC	10,001	$0	0.0%	$0.00	-90.0%	COM	00737M200