Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MA	MasterCard	54,910	$5.346M	4.6%	$70.66	+30.5%	COM	57636Q104
—	Express Scripts Hldgs CO	37,122	$3.245M	2.8%	$70.84	—	COM	302182100
—	Dow Chemical Company	60,610	$3.12M	2.7%	$47.39	—	COM	260543103
PEP	PepsiCo Inc.	30,100	$3.008M	2.6%	$56.60	+29.8%	COM	713448108
ECL	Ecolab Inc.	26,000	$2.974M	2.6%	$75.00	+40.3%	COM	278865100
HAS	Hasbro Inc.	42,650	$2.873M	2.5%	$36.34	+44.1%	COM	418056107
SWK	Stanley Black & Decker	26,800	$2.86M	2.5%	$72.52	+11.9%	COM	854502101
VTR	Ventas Inc.	50,300	$2.838M	2.4%	$42.91	-18.6%	COM	92276F100
—	Johnson Controls Inc.	69,840	$2.758M	2.4%	$37.86	—	COM	478366107
UPS	United Parcel Service	27,089	$2.607M	2.3%	$69.69	+1.3%	COM	911312106
—	Bk. of Amer. Conv. Pfd.	2,335	$2.553M	2.2%	$1077.40	—	PFD	60505682
CNI	Canadian Natl Railway	44,250	$2.473M	2.1%	$46.04	+5.5%	ADR	136375102
—	Plum Creek Timber Co	51,100	$2.438M	2.1%	$39.39	—	COM	729251108
JPM	J.P. Morgan Chase & Co.	36,750	$2.427M	2.1%	$38.41	+29.3%	COM	46625H100
TMO	Thermo Fisher Scientific	16,937	$2.403M	2.1%	$90.17	+43.6%	COM	883556102
—	EMC Corporation	88,600	$2.275M	2.0%	$29.26	—	COM	268648102
BA	Boeing Company	15,577	$2.252M	1.9%	$82.94	+55.4%	COM	097023105
GOOGL	Alphabet Inc Class A Capital S	2,890	$2.248M	1.9%	$31.95	+15.0%	COM	02079K305
—	ACE Ltd.	18,285	$2.137M	1.8%	$114.88	—	ADR	G0070K103
OXY	Occidental Petroleum	30,950	$2.093M	1.8%	$63.48	-15.8%	COM	674599105
FISV	Fiserv Inc.	22,000	$2.012M	1.7%	$43.32	+8.4%	COM	337738108
GILD	Gilead Sciences Inc.	19,300	$1.953M	1.7%	$73.61	-1.0%	COM	375558103
IVZ	Invesco Ltd.	57,000	$1.908M	1.6%	$21.10	-2.0%	ADR	G491BT108
—	Pentair LTD	38,000	$1.882M	1.6%	$65.48	—	ADR	709631105
—	Sinclair Broadcast Grp A	56,050	$1.824M	1.6%	$32.77	—	COM	829226109
VLO	Valero Energy Corp New	25,650	$1.814M	1.6%	$33.12	+37.4%	COM	91913Y100
QCOM	Qualcomm Inc	35,700	$1.784M	1.5%	$47.25	-15.4%	COM	747525103
—	Coach, Inc.	53,650	$1.756M	1.5%	$36.39	—	COM	189754104
—	Tiffany & Co.	22,850	$1.743M	1.5%	$82.69	—	COM	886547108
SAP	SAP AG	21,500	$1.701M	1.5%	$73.51	—	ADR	803054204
PG	Procter & Gamble	21,150	$1.68M	1.4%	$55.69	+4.0%	COM	742718109
DVA	Davita Healthcare	24,000	$1.673M	1.4%	$76.74	-4.5%	COM	23918K108
JNJ	Johnson & Johnson	15,550	$1.597M	1.4%	$63.71	+19.2%	COM	478160104
—	Textainer Group Hldgs	112,900	$1.593M	1.4%	$20.39	—	ADR	G8766E109
CMI	Cummins Inc.	17,650	$1.553M	1.3%	$97.12	-21.9%	COM	231021106
—	Tupperware Corp	27,750	$1.544M	1.3%	$69.04	—	COM	899896104
UNP	Union Pacific Corp.	19,150	$1.498M	1.3%	$68.21	+0.1%	COM	907818108
PFE	Pfizer Inc.	43,300	$1.398M	1.2%	$17.22	+18.3%	COM	717081103
IDXX	Idexx Labs	18,100	$1.32M	1.1%	$61.04	+16.9%	COM	45168D104
DE	Deere Company	17,150	$1.308M	1.1%	$68.47	-5.0%	COM	244199105
CVS	CVS Health Corp.	13,250	$1.295M	1.1%	$74.46	-2.5%	COM	126650100
HP	Helmerich & Payne Inc	23,450	$1.256M	1.1%	$56.21	-1.6%	COM	423452101
COP	Conocophillips Com	26,500	$1.237M	1.1%	$37.47	+2.4%	COM	20825C104
PRU	Prudential Financial Inc.	14,750	$1.201M	1.0%	$53.83	-2.3%	COM	744320102
—	Waddell & Reed Finl	41,700	$1.195M	1.0%	$28.66	—	COM	930059100
NVS	Novartis A G Spon ADR	13,250	$1.14M	1.0%	$85.38	—	ADR	66987V109
ALGN	Align Technology, Inc.	17,100	$1.126M	1.0%	$59.16	+8.4%	COM	016255101
SLB	Schlumberger Ltd.	15,700	$1.095M	0.9%	$60.60	-7.4%	ADR	806857108
—	Towers Watson & Company	8,100	$1.041M	0.9%	$125.81	—	COM	891894107
—	Seagate Technology	27,650	$1.014M	0.9%	$56.17	—	ADR	G7945M107
—	Monsanto Co.	9,950	$980K	0.8%	$104.83	—	COM	61166W101
AKAM	Akamai Technologies	18,450	$971K	0.8%	$43.07	+42.7%	COM	00971T101
—	Cerner Corp	16,100	$969K	0.8%	$71.40	—	COM	156782104
—	Eaton Corporation	18,200	$947K	0.8%	$63.38	—	ADR	278058102
—	Triangle Capital	49,491	$946K	0.8%	$20.08	—	COM	895848109
TCBI	Texas Cap Bancshares Inc.	18,600	$919K	0.8%	$55.08	-1.0%	COM	88224Q107
—	Hess Corporation	18,900	$916K	0.8%	$69.65	—	COM	42809H107
SPY	SPDR S&P 500 Index	4,399	$897K	0.8%	$173.28	—	COM	78462F103
—	Fresh Market Inc.	36,050	$844K	0.7%	$34.11	—	COM	35804H106
—	Transcanada Corp.	24,850	$810K	0.7%	$45.21	—	ADR	89353D107
FBIN	Fortune Brands Home & Security	12,850	$713K	0.6%	$34.16	+14.5%	COM	34964C106
GOOG	Alphabet Inc Class C Capital S	920	$698K	0.6%	$30.50	+16.8%	COM	02079K107
WSM	Williams Sonoma	11,903	$695K	0.6%	$31.78	-15.5%	COM	969904101
DLTR	Dollar Tree Inc.	7,350	$568K	0.5%	$69.93	0.0%	COM	256746108
BOX	Box Inc.	37,500	$524K	0.5%	$13.67	-4.0%	COM	10316T104
FELE	Franklin Electric	19,100	$516K	0.4%	$29.65	-8.7%	COM	353514102
IJR	iShares S&P Smallcap 600	4,285	$472K	0.4%	$98.17	—	COM	464287804
ODFL	Old Dominion Freight Lines	7,650	$452K	0.4%	$21.76	-8.4%	COM	679580100
UAA	Under Armour Inc.	5,500	$443K	0.4%	$22.34	+104.2%	COM	904311107
GOGO	Gogo Inc.	21,700	$386K	0.3%	$17.22	-1.2%	COM	38046C109
AAPL	Apple Corp.	3,389	$357K	0.3%	$20.27	+26.9%	COM	037833100
—	Tumi Holdings Inc	18,000	$299K	0.3%	$22.36	—	COM	89969Q104
VHT	Vanguard Health Care ETF	1,882	$250K	0.2%	$125.79	—	COM	92204A504
—	Potash Corp.	13,000	$223K	0.2%	$34.56	—	ADR	73755L107