Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MA	MasterCard	6,280	$5.247M	4.2%	$51.54	+34.0%	COM	57636Q104
—	Johnson Controls Inc.	75,100	$3.853M	3.1%	$35.79	—	COM	478366107
ECL	Ecolab Inc.	34,600	$3.608M	2.9%	$73.48	+23.8%	COM	278865100
—	EMC Corporation	124,048	$3.12M	2.5%	$23.62	—	COM	268648102
—	Pentair LTD	40,100	$3.115M	2.5%	$57.70	—	ADR	709631105
TMO	Thermo Fisher Scientific	26,600	$2.962M	2.4%	$79.76	+19.9%	COM	883556102
NVS	Novartis A G Spon ADR	36,500	$2.934M	2.4%	$70.90	—	ADR	66987V109
NSC	Norfolk Southern Corp	31,400	$2.915M	2.4%	$57.67	+13.9%	COM	655844108
—	Hess Corporation	32,750	$2.718M	2.2%	$66.50	—	COM	42809H107
—	Waste Management Inc.	59,700	$2.679M	2.2%	$40.33	—	COM	94196L109
—	Express Scripts Hldgs CO	37,750	$2.652M	2.1%	$61.73	—	COM	302182100
UNP	Union Pacific Corp.	15,725	$2.642M	2.1%	$57.06	+6.1%	COM	907818108
—	Xerox Corporation	216,800	$2.638M	2.1%	$9.07	—	COM	984121103
PEP	PepsiCo Inc.	31,000	$2.571M	2.1%	$56.00	+3.1%	COM	713448108
—	BB&T Corporation	68,700	$2.564M	2.1%	$33.88	—	COM	054937107
QCOM	Qualcomm Inc	34,250	$2.543M	2.1%	$45.08	+11.7%	COM	747525103
—	Blackrock Inc.	7,860	$2.487M	2.0%	$256.82	—	COM	09247X101
GIS	General Mills	49,500	$2.471M	2.0%	$31.98	+2.8%	COM	370334104
HAS	Hasbro Inc.	44,500	$2.448M	2.0%	$30.22	+14.1%	COM	418056107
—	Allergan Inc.	20,600	$2.288M	1.9%	$84.61	—	COM	018490102
—	Thomson Reuters Corp	59,750	$2.26M	1.8%	$32.58	—	ADR	884903105
CMI	Cummins Inc.	15,800	$2.227M	1.8%	$81.53	+18.1%	COM	231021106
BA	Boeing Company	15,900	$2.17M	1.8%	$80.37	+38.0%	COM	097023105
—	Monsanto	18,550	$2.162M	1.7%	$98.79	—	COM	61166W101
—	Tiffany & Co.	23,200	$2.152M	1.7%	$76.59	—	COM	886547108
—	ACE Ltd.	20,750	$2.148M	1.7%	$103.52	—	ADR	H0070K103
—	Stanley Black & Decker	26,250	$2.118M	1.7%	$84.39	—	COM	854582101
—	Plum Creek Timber Co	45,500	$2.116M	1.7%	$46.67	—	COM	729251108
SLB	Schlumberger Ltd.	22,600	$2.036M	1.6%	$52.90	+23.0%	ADR	806857108
—	Vodafone Grp Plc ADR	50,400	$1.981M	1.6%	$28.74	—	ADR	92857W100
JPM	J.P. Morgan Chase & Co.	32,350	$1.892M	1.5%	$36.24	+9.4%	COM	46625H100
PG	Procter & Gamble	22,350	$1.82M	1.5%	$55.00	+5.5%	COM	742718109
—	Tupperware Corp	19,250	$1.82M	1.5%	$77.86	—	COM	899896104
TD	Toronto Dominion Bank	19,150	$1.805M	1.5%	$40.27	+13.0%	ADR	891160509
—	Eaton Corporation	22,900	$1.743M	1.4%	$65.80	—	COM	278058102
—	Textainer Group Hldgs	42,250	$1.699M	1.4%	$38.36	—	ADR	G8766E109
DE	Deere Company	17,977	$1.642M	1.3%	$68.04	-0.9%	COM	244199105
JNJ	Johnson & Johnson	17,800	$1.63M	1.3%	$59.66	+10.2%	COM	478160104
DVA	Davita Healthcare	23,900	$1.515M	1.2%	$59.69	-1.7%	COM	23918K108
—	Sinclair Broadcast Grp A	42,100	$1.504M	1.2%	$35.72	—	COM	829226109
—	Bk. of Amer. Conv. Pfd.	1,414	$1.5M	1.2%	$1108.25	—	PFD	060505682
SAP	SAP AG	17,200	$1.499M	1.2%	$73.73	—	ADR	803054204
—	Dr. Pepper Snapple	29,500	$1.437M	1.2%	$45.92	—	COM	256131301
—	Google Inc Class A	1,190	$1.334M	1.1%	$880.24	—	COM	38259P508
—	Fresh Market Inc.	29,250	$1.185M	1.0%	$47.87	—	COM	35804H106
SPY	SPDR S&P 500 Index	5,719	$1.056M	0.9%	$160.79	—	COM	78462F103
IDXX	Idexx Labs	9,850	$1.048M	0.8%	$44.11	+19.3%	COM	45168D104
STLD	Steel Dynamics, Inc.	53,200	$1.04M	0.8%	$11.35	+24.1%	COM	858119100
—	Potash Corp.	28,400	$936K	0.8%	$38.13	—	ADR	73755L107
—	Cerner Corp	16,300	$909K	0.7%	$74.30	—	COM	156782104
AKAM	Akamai Technologies	19,000	$896K	0.7%	$41.83	+12.8%	COM	00971T101
WSM	Williams Sonoma	15,300	$892K	0.7%	$20.11	+4.9%	COM	969904101
EBAY	Ebay, Inc.	16,100	$883K	0.7%	$19.99	-1.4%	COM	278642103
HP	Helmerich & Payne Inc	10,250	$862K	0.7%	$61.57	+26.4%	COM	423452101
—	CBS Corp. Cl B	13,500	$860K	0.7%	$48.86	—	COM	124857202
PFE	Pfizer Inc.	27,800	$852K	0.7%	$16.45	+7.2%	COM	717081103
PRU	Prudential Financial Inc.	9,050	$835K	0.7%	$51.50	0.0%	COM	744320102
—	Apache Corp	9,500	$816K	0.7%	$85.89	—	COM	037411105
—	Total S.A.	13,150	$806K	0.7%	$48.67	—	ADR	286269105
—	Alerian MLP ETF	42,650	$759K	0.6%	$17.85	—	COM	00162Q866
—	CenturyLink	22,200	$707K	0.6%	$35.35	—	COM	156700106
—	Encana Corporation	37,200	$671K	0.5%	$16.93	—	ADR	292505104
LPX	Louisiana Pacific Corp	34,600	$640K	0.5%	$17.96	-5.3%	COM	546347105
—	Maxim Integrated Products, Inc	22,400	$625K	0.5%	$27.79	—	COM	57772K101
—	Atlas Air Worldwide	13,200	$543K	0.4%	$44.05	—	COM	049164205
TDC	Teradata Corp	11,500	$523K	0.4%	$57.44	-21.1%	COM	88076W103
IJR	iShares S&P Smallcap 600	4,708	$514K	0.4%	$90.89	—	COM	464287804
CLH	Clean Harbors Inc.	7,700	$462K	0.4%	$55.74	+3.4%	COM	184496107
VRA	Vera Bradley, Inc.	16,500	$397K	0.3%	$22.30	+2.8%	COM	92335C106
—	Claymore Zachs Dividend ETF	10,600	$263K	0.2%	$23.19	—	COM	18383M506
UAA	Under Armour Inc.	3,000	$262K	0.2%	$17.63	+16.2%	COM	904311107
CVX	Chevrontexaco Corp	1,965	$245K	0.2%	$71.30	+1.7%	COM	166764100
FISV	Fiserv Inc.	3,600	$213K	0.2%	$21.93	+23.0%	COM	337738108
—	Market Vectors Agribusiness ETF	3,800	$207K	0.2%	$51.25	—	COM	5706OU605
—	Kite Realty Group	14,000	$92,000	0.1%	$6.00	—	COM	49803T102