Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MA	MasterCard	61,800	$4.616M	3.8%	$70.56	+3.1%	COM	57636Q104
—	Johnson Controls Inc.	73,500	$3.478M	2.9%	$35.79	—	COM	478366107
—	EMC Corporation	123,998	$3.399M	2.8%	$23.62	—	COM	268648102
ECL	Ecolab Inc.	31,400	$3.391M	2.8%	$73.48	+25.1%	COM	278865100
—	Pentair LTD	39,200	$3.11M	2.6%	$57.70	—	ADR	709631105
NVS	Novartis A G Spon ADR	36,500	$3.103M	2.5%	$70.90	—	ADR	66987V109
UNP	Union Pacific Corp.	15,225	$2.857M	2.3%	$57.06	+19.6%	COM	907818108
—	BB&T Corporation	69,500	$2.792M	2.3%	$33.95	—	COM	054937107
—	Express Scripts Hldgs CO	36,950	$2.775M	2.3%	$61.73	—	COM	302182100
—	Hess Corporation	33,050	$2.739M	2.2%	$66.50	—	COM	42809H107
QCOM	Qualcomm Inc	34,550	$2.725M	2.2%	$45.08	+19.8%	COM	747525103
PEP	PepsiCo Inc.	31,800	$2.655M	2.2%	$56.02	+1.5%	COM	713448108
GIS	General Mills	51,100	$2.648M	2.2%	$32.01	+3.0%	COM	370334104
—	Waste Management Inc.	60,800	$2.558M	2.1%	$40.36	—	COM	94196L109
—	Allergan Inc.	20,600	$2.556M	2.1%	$84.61	—	COM	018490102
HAS	Hasbro Inc.	44,500	$2.475M	2.0%	$30.22	+19.8%	COM	418056107
TMO	Thermo Fisher Scientific	19,300	$2.321M	1.9%	$79.76	+43.5%	COM	883556102
CMI	Cummins Inc.	15,500	$2.309M	1.9%	$81.53	+24.2%	COM	231021106
SWK	Stanley Black & Decker	27,050	$2.198M	1.8%	$59.39	0.0%	COM	854502101
SLB	Schlumberger Ltd.	22,300	$2.174M	1.8%	$52.90	+23.8%	ADR	806857108
—	Monsanto	18,550	$2.11M	1.7%	$98.79	—	COM	61166W101
—	ACE Ltd.	21,050	$2.085M	1.7%	$99.05	—	ADR	G0070K103
—	Thomson Reuters Corp	59,950	$2.05M	1.7%	$32.58	—	ADR	884903105
—	Plum Creek Timber Co	48,600	$2.043M	1.7%	$46.38	—	COM	729251108
BA	Boeing Company	15,900	$1.995M	1.6%	$80.37	+39.0%	COM	097023105
—	Tiffany & Co.	22,600	$1.947M	1.6%	$76.59	—	COM	886547108
JPM	J.P. Morgan Chase & Co.	32,050	$1.946M	1.6%	$36.24	+16.1%	COM	46625H100
CNI	Canadian Natl Railway	34,500	$1.94M	1.6%	$44.56	0.0%	COM	136375102
PG	Procter & Gamble	22,550	$1.818M	1.5%	$55.00	+2.7%	COM	742718109
TD	Toronto Dominion Bank	38,600	$1.812M	1.5%	$42.69	+5.6%	ADR	891160509
—	Textainer Group Hldgs	46,050	$1.762M	1.4%	$38.35	—	ADR	G8766E109
IVZ	Invesco Ltd.	47,600	$1.761M	1.4%	$20.87	0.0%	ADR	G491BT108
JNJ	Johnson & Johnson	17,800	$1.748M	1.4%	$59.66	+11.7%	COM	478160104
—	Bk. of Amer. Conv. Pfd.	1,514	$1.732M	1.4%	$1110.61	—	PFD	060505682
—	Eaton Corporation	22,700	$1.705M	1.4%	$65.80	—	ADR	278058102
DE	Deere Company	18,177	$1.651M	1.4%	$68.07	+3.0%	COM	244199105
SAP	SAP Ag	19,900	$1.618M	1.3%	$74.76	—	ADR	803054204
VTR	Ventas Inc.	26,650	$1.614M	1.3%	$41.21	0.0%	COM	92276F100
—	Tupperware Corp	19,250	$1.612M	1.3%	$77.86	—	COM	899896104
—	Dr. Pepper Snapple	29,150	$1.588M	1.3%	$45.92	—	COM	256131301
—	Sinclair Broadcast Grp A	58,050	$1.573M	1.3%	$33.35	—	COM	829226109
DVA	Davita Healthcare	22,700	$1.563M	1.3%	$59.69	+11.3%	COM	23918K108
—	Fresh Market Inc.	42,050	$1.413M	1.2%	$43.53	—	COM	35804H106
PFE	Pfizer Inc.	40,900	$1.314M	1.1%	$17.01	+7.0%	COM	717081103
—	Google Inc Class A	1,160	$1.293M	1.1%	$1114.66	—	COM	38259P706
IDXX	Idexx Labs	9,550	$1.159M	1.0%	$44.11	+35.1%	COM	45168D104
VLO	Valero Energy Corp New	21,700	$1.152M	0.9%	$32.81	0.0%	COM	91913Y100
AKAM	Akamai Technologies	19,450	$1.132M	0.9%	$42.14	+31.0%	COM	00971T101
SPY	SPDR S&P 500 Index	5,719	$1.07M	0.9%	$160.79	—	COM	78462F103
NSC	Norfolk Southern Corp	11,000	$1.069M	0.9%	$57.67	+23.8%	COM	655844108
—	Potash Corp.	28,400	$1.029M	0.8%	$38.13	—	ADR	73755L107
WSM	Williams Sonoma	15,300	$1.02M	0.8%	$20.11	+9.9%	COM	969904101
EBAY	Ebay, Inc.	16,350	$903K	0.7%	$20.00	+3.4%	COM	278642103
—	Cerner Corp	15,900	$894K	0.7%	$74.30	—	COM	156782104
PRU	Prudential Financial Inc.	10,250	$868K	0.7%	$51.59	+1.3%	COM	744320102
—	Total S.A.	13,150	$863K	0.7%	$48.67	—	ADR	286269105
STLD	Steel Dynamics, Inc.	45,300	$806K	0.7%	$11.35	+19.3%	COM	858119100
—	Blackrock Inc.	2,350	$739K	0.6%	$256.82	—	COM	09247X101
—	Maxim Integrated Products, Inc	22,000	$729K	0.6%	$27.79	—	COM	57772K101
—	Apache Corp	8,700	$722K	0.6%	$85.89	—	COM	037411105
—	Encana Corporation	30,700	$656K	0.5%	$16.93	—	ADR	292505104
TDC	Teradata Corp	11,800	$580K	0.5%	$57.13	-21.1%	COM	88076W103
IJR	iShares S&P Smallcap 600	5,108	$563K	0.5%	$92.40	—	COM	464287804
—	Alerian MLP ETF	31,850	$562K	0.5%	$17.85	—	COM	00162Q866
LPX	Louisiana Pacific Corp	33,200	$560K	0.5%	$17.96	-2.3%	COM	546347105
—	Atlas Air Worldwide	13,700	$483K	0.4%	$43.73	—	COM	049164205
CLH	Clean Harbors Inc.	7,500	$411K	0.3%	$55.74	-2.2%	COM	184496107
—	Nielsen Holdings B V	8,800	$393K	0.3%	$44.66	—	ADR	N63218106
VRA	Vera Bradley, Inc.	14,300	$386K	0.3%	$22.30	+14.9%	COM	92335C106
—	Vodafone Grp Plc ADR	9,864	$363K	0.3%	$28.74	—	ADR	92857W100
—	Cubist Pharmaceuticals	4,350	$318K	0.3%	$73.10	—	COM	229678107
—	Cliffs Natural Res Inc.	14,600	$299K	0.2%	$20.48	—	COM	18683K101
UAA	Under Armour Inc.	2,500	$287K	0.2%	$17.63	+48.2%	COM	904311107
—	Claymore Zachs Dividend ETF	10,600	$266K	0.2%	$23.19	—	COM	18383M506
CVX	Chevrontexaco Corp	1,965	$234K	0.2%	$71.30	-1.3%	COM	166764100
VZ	Verizon Communications	4,755	$226K	0.2%	$25.87	0.0%	COM	92343V104
AAPL	Apple Corp.	402	$216K	0.2%	$16.58	0.0%	COM	037833100
—	Market Vectors Agribusiness ET	3,700	$201K	0.2%	$51.25	—	COM	5706OU605
—	Kite Realty Group	14,000	$84,000	0.1%	$6.00	—	COM	49803T102