Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MA	MasterCard	6,680	$3.838M	3.5%	$51.54	0.0%	COM	57636Q104
ECL	Ecolab Inc.	40,200	$3.425M	3.1%	$73.48	0.0%	COM	278865100
TD	Tiffany & Co.	44,200	$3.363M	3.0%	$40.27	0.0%	COM	891160509
—	EMC Corporation	129,848	$3.067M	2.8%	$23.62	—	COM	268648102
—	Johnson Controls Inc.	81,400	$2.913M	2.6%	$35.79	—	COM	478366107
FISV	Fiserv Inc.	32,650	$2.854M	2.6%	$21.93	0.0%	COM	337738108
PEP	PepsiCo Inc.	31,300	$2.56M	2.3%	$56.00	0.0%	COM	713448108
NVS	Novartis A G Spon ADR	35,750	$2.528M	2.3%	$70.71	—	ADR	66987V109
GIS	General Mills	51,200	$2.485M	2.2%	$31.98	0.0%	COM	370334104
—	Waste Management Inc.	61,500	$2.48M	2.2%	$40.33	—	COM	94196L109
—	Express Scripts Hldgs CO	39,850	$2.46M	2.2%	$61.73	—	COM	302182100
NSC	Norfolk Southern Corp	33,800	$2.456M	2.2%	$57.67	0.0%	COM	655844108
TMO	Thermo Fisher Scientific	28,700	$2.429M	2.2%	$79.76	0.0%	COM	883556102
UNP	Union Pacific Corp.	15,570	$2.402M	2.2%	$57.06	0.0%	COM	907818108
—	BB&T Corporation	70,700	$2.395M	2.2%	$33.88	—	COM	054937107
—	Pentair LTD	41,300	$2.383M	2.1%	$57.70	—	ADR	709631105
—	Hess Corporation	35,250	$2.344M	2.1%	$66.50	—	COM	42809H107
QCOM	Qualcomm Inc	36,950	$2.257M	2.0%	$45.06	0.0%	COM	747525103
—	Xerox Corporation	246,800	$2.238M	2.0%	$9.07	—	COM	984121103
—	Blackrock Inc.	8,360	$2.147M	1.9%	$256.82	—	COM	09247X101
HAS	Hasbro Inc.	47,500	$2.129M	1.9%	$30.22	0.0%	COM	418056107
—	Thomson Reuters Corp	63,850	$2.08M	1.9%	$32.58	—	COM	884903105
—	CBS Corp. Cl B	41,300	$2.018M	1.8%	$48.86	—	COM	124857202
—	ACE Ltd.	21,350	$1.91M	1.7%	$89.46	—	ADR	G0070K103
—	Monsanto	19,050	$1.882M	1.7%	$98.79	—	COM	61166W101
CMI	Cummins Inc.	17,000	$1.844M	1.7%	$81.53	0.0%	COM	231021106
JPM	J.P. Morgan Chase & Co.	33,950	$1.792M	1.6%	$36.24	0.0%	COM	46625H100
PG	Procter & Gamble	23,200	$1.786M	1.6%	$55.00	0.0%	COM	742718109
—	Plum Creek Timber Co	37,800	$1.764M	1.6%	$46.67	—	COM	729251108
BA	Boeing Company	17,200	$1.762M	1.6%	$80.37	0.0%	COM	097023105
—	Allergan Inc.	20,350	$1.714M	1.5%	$84.23	—	COM	018490102
SLB	Schlumberger Ltd.	22,700	$1.627M	1.5%	$52.90	0.0%	ADR	806857108
—	Potash Corp.	41,200	$1.571M	1.4%	$38.13	—	ADR	73755L107
DE	Deere Company	19,277	$1.566M	1.4%	$68.04	0.0%	COM	244199105
JNJ	Johnson & Johnson	17,800	$1.528M	1.4%	$59.66	0.0%	COM	478160104
—	Eaton Corporation	23,100	$1.52M	1.4%	$65.80	—	ADR	278058102
—	Bk. of Amer. Conv. Pfd.	1,364	$1.513M	1.4%	$1109.24	—	PFD	060505682
—	Vodafone Grp Plc ADR	52,400	$1.506M	1.4%	$28.74	—	ADR	92857W100
—	Tupperware Corp	18,950	$1.472M	1.3%	$77.68	—	COM	899896104
—	Dr. Pepper Snapple	31,900	$1.465M	1.3%	$45.92	—	COM	256131301
DVA	Davita Healthcare	11,850	$1.431M	1.3%	$62.44	0.0%	COM	23918K108
—	CenturyLink	34,600	$1.223M	1.1%	$35.35	—	COM	156700106
—	Google Inc Class A	1,320	$1.162M	1.0%	$880.30	—	COM	38259P508
—	Fresh Market Inc.	22,950	$1.141M	1.0%	$49.72	—	COM	35804H106
SAP	SAP AG	15,200	$1.107M	1.0%	$72.83	—	ADR	803054204
—	Encana Corporation	62,300	$1.055M	0.9%	$16.93	—	ADR	292505104
IDXX	Idexx Labs	10,450	$937K	0.8%	$43.69	0.0%	COM	45168D104
—	Cerner Corp	9,650	$927K	0.8%	$96.06	—	COM	156782104
AKAM	Akamai Technologies	21,200	$902K	0.8%	$41.83	0.0%	COM	00971T101
SPY	SPDR S&P 500 Index	5,582	$895K	0.8%	$160.34	—	COM	78462F103
WSM	Williams Sonoma	15,300	$855K	0.8%	$20.11	0.0%	COM	969904101
—	Apache Corp	10,200	$855K	0.8%	$83.82	—	COM	037411105
STLD	Steel Dynamics, Inc.	56,600	$844K	0.8%	$11.35	0.0%	COM	858119100
—	Alerian MLP ETF	45,950	$820K	0.7%	$17.85	—	COM	00162Q866
HP	Helmerich & Payne Inc	12,150	$759K	0.7%	$61.57	0.0%	COM	423452101
—	Zions Bancorp Pfd C	29,500	$749K	0.7%	$25.39	—	PFD	989701503
PFE	Pfizer Inc.	24,200	$678K	0.6%	$16.46	0.0%	COM	717081103
—	Maxim Integrated Products	23,100	$642K	0.6%	$27.79	—	COM	57772K101
—	Total S.A.	13,150	$640K	0.6%	$48.67	—	ADR	286269105
—	Raytheon Co.	9,350	$618K	0.6%	$66.10	—	COM	755111507
SWK	Stanley Black & Decker	7,800	$603K	0.5%	$56.98	0.0%	COM	854502101
—	Textainer Group Hldgs	14,700	$565K	0.5%	$38.44	—	ADR	G8766E109
—	Atlas Air Worldwide	12,300	$538K	0.5%	$43.74	—	COM	049164205
EBAY	Ebay, Inc.	9,400	$486K	0.4%	$20.18	0.0%	COM	278642103
—	Teradata Corp	9,100	$457K	0.4%	$50.22	—	COM	88976W103
LPX	Louisiana Pacific Corp	30,900	$457K	0.4%	$18.15	0.0%	COM	546347105
IJR	iShares S&P Smallcap 600	4,530	$409K	0.4%	$90.29	—	COM	464287804
CLH	Clean Harbors Inc.	6,700	$339K	0.3%	$55.73	0.0%	COM	184496107
VRA	Vera Bradley, Inc.	14,000	$303K	0.3%	$22.25	0.0%	COM	92335C106
—	Claymore Zachs Dividend	11,600	$269K	0.2%	$23.19	—	COM	18383M506
—	Midcap S&P SPDR	1,270	$267K	0.2%	$210.24	—	COM	595635103
CVX	Chevrontexaco Corp	2,115	$250K	0.2%	$71.30	0.0%	COM	166764100
—	Esterline Technology	2,900	$210K	0.2%	$72.41	—	COM	297425100
—	Market Vectors Agribusiness	4,000	$205K	0.2%	$51.25	—	COM	5706OU605
—	Kite Realty Group	14,000	$84,000	0.1%	$6.00	—	COM	49803T102