Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MA	MasterCard	61,510	$5.3M	4.0%	$70.66	+8.0%	COM	57636Q104
—	EMC Corporation	122,498	$3.643M	2.8%	$29.26	—	COM	268648102
—	Johnson Controls Inc.	73,670	$3.561M	2.7%	$37.86	—	COM	478366107
VTR	Ventas Inc.	47,400	$3.399M	2.6%	$42.70	+13.1%	COM	92276F100
NVS	Novartis A G Spon ADR	35,400	$3.28M	2.5%	$85.38	—	ADR	66987V109
—	Express Scripts Hldgs CO	38,550	$3.264M	2.5%	$70.84	—	COM	302182100
CNI	Canadian Natl Railway	45,800	$3.156M	2.4%	$46.04	+21.5%	ADR	136375102
—	Waste Management Inc.	60,300	$3.095M	2.4%	$47.53	—	COM	94196L109
—	Xerox Corporation	220,800	$3.06M	2.3%	$13.23	—	COM	984121103
—	Allergan Inc.	14,028	$2.982M	2.3%	$178.22	—	COM	018490102
PEP	PepsiCo Inc.	30,600	$2.894M	2.2%	$56.60	+21.2%	COM	713448108
ECL	Ecolab Inc.	27,000	$2.822M	2.1%	$75.00	+28.9%	COM	278865100
—	Stanley Black & Decker	28,100	$2.7M	2.1%	$96.09	—	COM	85402101
—	Pentair LTD	38,700	$2.57M	2.0%	$65.48	—	ADR	709631105
QCOM	Qualcomm Inc	34,550	$2.568M	2.0%	$47.37	+12.6%	COM	747525103
UNP	Union Pacific Corp.	20,750	$2.472M	1.9%	$68.21	+31.2%	COM	907818108
HAS	Hasbro Inc.	44,400	$2.442M	1.9%	$36.34	+7.9%	COM	418056107
—	Tiffany & Co.	22,800	$2.436M	1.9%	$82.77	—	COM	886547108
—	Thomson Reuters Corp	59,500	$2.4M	1.8%	$36.41	—	ADR	884903105
—	Tupperware Corp	37,350	$2.353M	1.8%	$69.05	—	COM	899896104
—	ACE Ltd.	20,300	$2.332M	1.8%	$114.88	—	ADR	G0070K103
TMO	Thermo Fisher Scientific	18,600	$2.33M	1.8%	$90.17	+30.3%	COM	883556102
CMI	Cummins Inc.	15,750	$2.271M	1.7%	$98.25	+6.4%	COM	231021106
OXY	Occidental Petroleum	27,420	$2.21M	1.7%	$66.18	-10.4%	COM	674599105
—	Seagate Technology	31,400	$2.088M	1.6%	$57.26	—	ADR	G7945M107
—	Bk. of Amer. Conv. Pfd.	1,789	$2.083M	1.6%	$1147.35	—	PFD	060505682
BA	Boeing Company	15,975	$2.076M	1.6%	$82.94	+33.4%	COM	097023105
JPM	J.P. Morgan Chase & Co.	33,050	$2.068M	1.6%	$37.41	+19.5%	COM	46625H100
PG	Procter & Gamble	22,650	$2.063M	1.6%	$55.69	+16.0%	COM	742718109
—	Plum Creek Timber Co	47,300	$2.024M	1.5%	$39.01	—	COM	729251108
IVZ	Invesco Ltd.	47,900	$1.893M	1.4%	$21.08	+14.9%	ADR	G491BT108
—	Davita Healthcare	23,600	$1.787M	1.4%	$75.72	—	COM	23918k108
—	Monsanto Co.	14,950	$1.786M	1.4%	$104.83	—	COM	61166W101
JNJ	Johnson & Johnson	16,999	$1.778M	1.4%	$63.71	+21.3%	COM	478160104
—	Fresh Market Inc.	42,800	$1.763M	1.3%	$34.92	—	COM	35804H106
TCBI	Texas Cap Bancshares Inc.	31,150	$1.692M	1.3%	$55.17	+2.8%	COM	88224Q107
—	Sinclair Broadcast Grp A	60,550	$1.657M	1.3%	$32.77	—	COM	829226109
UPS	United Parcel Service	14,585	$1.621M	1.2%	$70.31	+0.9%	COM	911312106
SLB	Schlumberger Ltd.	18,700	$1.597M	1.2%	$60.60	+11.1%	ADR	806857108
—	Textainer Group Hldgs	46,250	$1.587M	1.2%	$22.08	—	ADR	G8766E109
DE	Deere Company	17,450	$1.544M	1.2%	$68.27	+3.4%	COM	244199105
TD	Toronto Dominion Bank	30,700	$1.467M	1.1%	$51.90	-7.1%	ADR	891160509
—	Hess Corporation	19,750	$1.458M	1.1%	$69.68	—	COM	42809H107
—	Eaton Corporation	20,800	$1.414M	1.1%	$63.38	—	ADR	278058102
IDXX	Idexx Labs	9,500	$1.409M	1.1%	$53.03	+32.2%	COM	45168D104
PFE	Pfizer Inc.	43,800	$1.364M	1.0%	$17.05	+5.4%	COM	717081103
SAP	SAP AG	19,400	$1.351M	1.0%	$73.67	—	ADR	803054204
—	Dow Chemical Company	28,151	$1.284M	1.0%	$46.51	—	COM	260543103
WSM	Williams Sonoma	16,901	$1.279M	1.0%	$22.82	+17.1%	COM	969904101
VLO	Valero Energy Corp New	25,150	$1.245M	0.9%	$32.98	-4.5%	COM	91913Y100
SPY	SPDR S&P 500 Index	6,015	$1.236M	0.9%	$173.00	—	COM	78462F103
AKAM	Akamai Technologies	19,450	$1.225M	0.9%	$43.07	+40.0%	COM	00971T101
—	Dr. Pepper Snapple	14,750	$1.057M	0.8%	$64.30	—	COM	256131301
—	Cerner Corp	15,900	$1.028M	0.8%	$71.43	—	COM	156782104
PRU	Prudential Financial Inc.	10,375	$939K	0.7%	$54.95	-3.3%	COM	744320102
GIS	General Mills	17,500	$933K	0.7%	$35.46	-0.6%	COM	370334104
—	Google Inc Class A	1,750	$929K	0.7%	$576.04	—	COM	38259P706
—	Potash Corp.	26,200	$925K	0.7%	$34.56	—	COM	73755L107
STLD	Steel Dynamics, Inc.	46,500	$918K	0.7%	$17.12	-0.9%	COM	858119100
EBAY	Ebay, Inc.	16,250	$912K	0.7%	$19.80	+2.0%	COM	278642103
—	Cubist Pharmaceuticals	8,800	$886K	0.7%	$67.87	—	COM	229678107
—	Transcanada Corp.	17,650	$867K	0.7%	$49.12	—	ADR	89353D107
—	Blackrock Inc.	2,200	$787K	0.6%	$328.18	—	COM	09247X101
—	Triangle Capital	38,016	$771K	0.6%	$19.43	—	COM	895848109
TDC	Teradata Corp	15,250	$666K	0.5%	$43.02	-0.5%	COM	88076W103
—	Google Inc Class C	1,110	$584K	0.4%	$577.59	—	COM	38258P508
—	Total S.A.	10,700	$548K	0.4%	$64.44	—	ADR	286269105
—	Nielsen Holdings N V	12,152	$544K	0.4%	$44.31	—	ADR	N63218106
IJR	iShares S&P Smallcap 600	4,655	$531K	0.4%	$97.97	—	COM	464287804
UAA	Under Armour Inc.	5,500	$373K	0.3%	$22.34	+50.9%	COM	904311107
CVX	Chevrontexaco Corp	2,981	$334K	0.3%	$73.76	-4.4%	COM	166764100
AAPL	Apple Corp.	2,652	$293K	0.2%	$18.62	+29.3%	COM	037833100
VRA	Vera Bradley, Inc.	13,000	$265K	0.2%	$21.05	+2.2%	COM	92335C106
—	Ingersoll-Rand Company	3,800	$241K	0.2%	$56.67	—	COM	G47791101
—	Claymore Zachs Dividend ETF	10,200	$228K	0.2%	$24.31	—	COM	18383M506
VHT	Vanguard Health Care ETF	1,806	$227K	0.2%	$125.69	—	COM	92204A504
—	Avon Products Inc.	20,500	$192K	0.1%	$12.61	—	COM	054303102
—	Gogo Inc.	11,100	$183K	0.1%	$16.49	—	COM	38046c109