Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MA	MasterCard	51,710	$5.339M	4.4%	$70.66	+39.1%	COM	57636Q104
CMI	Cummins Inc.	36,550	$4.995M	4.1%	$85.07	+23.8%	COM	231021106
—	Bk. of Amer. Conv. Pfd.	3,243	$3.784M	3.1%	$1149.44	—	PFD	060505682
JPM	J.P. Morgan Chase & Co.	43,150	$3.723M	3.0%	$39.47	+51.8%	COM	46625H100
VTR	Ventas Inc.	54,550	$3.41M	2.8%	$42.88	-0.7%	COM	92276F100
—	Dow Chemical Company	57,622	$3.297M	2.7%	$47.45	—	COM	260543103
UPS	United Parcel Service	27,843	$3.192M	2.6%	$69.59	+15.4%	COM	911312106
PEP	PepsiCo Inc.	27,700	$2.898M	2.4%	$56.60	+40.2%	COM	713448108
AAPL	Apple Corp.	24,900	$2.884M	2.4%	$22.26	+17.2%	COM	037833100
CNI	Canadian Natl Railway	42,050	$2.834M	2.3%	$46.04	+21.2%	ADR	136375102
BA	Boeing Company	18,080	$2.815M	2.3%	$87.29	+54.6%	COM	097023105
ECL	Ecolab Inc.	23,950	$2.807M	2.3%	$75.00	+41.3%	COM	278865100
SWK	Stanley Black & Decker	24,150	$2.77M	2.3%	$72.52	+29.0%	COM	854502101
SBUX	Starbucks Corporation	48,450	$2.69M	2.2%	$45.82	-0.5%	COM	855244109
RSG	Republic Services Inc Class A	43,900	$2.504M	2.0%	$43.88	+5.2%	COM	760759100
GOOGL	Alphabet Inc Class A Capital S	3,160	$2.504M	2.0%	$32.43	+22.4%	COM	02079K305
FISV	Fiserv Inc.	22,400	$2.381M	1.9%	$43.44	+18.2%	COM	337738108
—	Coach, Inc.	64,000	$2.241M	1.8%	$36.64	—	COM	189754104
CVS	CVS Health Corp.	27,750	$2.19M	1.8%	$72.39	-15.7%	COM	126650100
XLB	Materials SPDR ETF	43,034	$2.139M	1.7%	$49.70	—	COM	81369Y100
OXY	Occidental Petroleum	29,500	$2.101M	1.7%	$63.48	-13.4%	COM	674599105
IDXX	Idexx Labs	17,257	$2.024M	1.7%	$61.04	+86.9%	COM	45168D104
CRM	Salesforce.Com	28,800	$1.972M	1.6%	$68.04	+5.4%	COM	79466L302
GILD	Gilead Sciences Inc.	26,390	$1.89M	1.5%	$69.74	-23.7%	COM	375558103
UNP	Union Pacific Corp.	17,750	$1.84M	1.5%	$68.21	+17.8%	COM	907818108
TMO	Thermo Fisher Scientific	13,037	$1.84M	1.5%	$90.17	+59.4%	COM	883556102
VLO	Valero Energy Corp New	26,450	$1.807M	1.5%	$33.20	+28.8%	COM	91913Y100
—	Weyerhaeuser Company	58,680	$1.766M	1.4%	$30.98	—	COM	962166872
HP	Helmerich & Payne Inc	22,500	$1.742M	1.4%	$56.54	+25.6%	COM	423452101
IVZ	Invesco Ltd.	55,900	$1.696M	1.4%	$20.90	-3.4%	ADR	G491BT108
QCOM	Qualcomm Inc	25,900	$1.689M	1.4%	$47.25	+10.6%	COM	747525103
ALGN	Align Technology, Inc.	16,650	$1.601M	1.3%	$59.53	+56.0%	COM	016255101
PFE	Pfizer Inc.	48,800	$1.585M	1.3%	$17.75	+15.5%	COM	717081103
PG	Procter & Gamble	18,750	$1.577M	1.3%	$55.69	+19.9%	COM	742718109
FLO	Flowers Foods Inc.	77,200	$1.542M	1.3%	$12.00	-4.3%	COM	343498101
JNJ	Johnson & Johnson	12,850	$1.48M	1.2%	$63.71	+40.8%	COM	478160104
TCBI	Texas Cap Bancshares Inc.	17,900	$1.403M	1.1%	$54.34	+24.1%	COM	88224Q107
—	Akamai Technologies	19,300	$1.287M	1.1%	$55.96	—	COM	000971T10
SLB	Schlumberger Ltd.	15,100	$1.268M	1.0%	$60.60	+4.0%	ADR	806857108
DLTR	Dollar Tree Inc.	16,200	$1.25M	1.0%	$76.49	+5.2%	COM	256746108
—	Tiffany & Co.	15,700	$1.216M	1.0%	$82.69	—	COM	886547108
PANW	Palo Alto Networks	9,650	$1.207M	1.0%	$22.94	+4.5%	COM	697435105
DVA	Davita Healthcare	18,700	$1.201M	1.0%	$76.74	-18.8%	COM	23918K108
COP	Conocophillips Com	23,850	$1.196M	1.0%	$37.10	-6.3%	COM	20825C104
—	Diageo PLC ADR	11,200	$1.164M	1.0%	$112.04	—	ADR	386090302
PHM	PulteGroup Inc.	62,600	$1.151M	0.9%	$17.07	0.0%	COM	745867101
BOX	Box Inc.	78,100	$1.082M	0.9%	$12.48	+18.5%	COM	10316T104
FBIN	Fortune Brands Home & Security	20,100	$1.075M	0.9%	$35.36	+16.6%	COM	34964C106
—	Raytheon Co.	7,550	$1.072M	0.9%	$136.16	—	COM	755111507
SAP	SAP AG	12,200	$1.054M	0.9%	$73.51	—	ADR	803054204
NVS	Novartis A G Spon ADR	14,300	$1.042M	0.9%	$84.55	—	ADR	66987V109
—	Hess Corporation	16,600	$1.034M	0.8%	$69.47	—	COM	42809H107
—	Transcanada Corp.	22,800	$1.029M	0.8%	$45.21	—	ADR	89353D107
BAC	Bank of America	45,900	$1.014M	0.8%	$11.31	+38.7%	COM	060505104
CALM	Cal-Maine Foods Inc.	21,350	$943K	0.8%	$32.41	-6.5%	COM	128030202
CMG	Chipotle Mexican Grill	2,470	$932K	0.8%	$7.89	0.0%	COM	169656105
—	Waddell & Reed Finl	45,700	$892K	0.7%	$26.94	—	COM	930059100
—	Monsanto Co.	8,396	$883K	0.7%	$104.83	—	ADR	61166W101
—	Orbital ATK Inc.	9,500	$833K	0.7%	$76.91	—	COM	68557N103
WSM	Williams Sonoma	15,558	$753K	0.6%	$29.23	-29.7%	COM	969904101
—	Triangle Capital	39,960	$733K	0.6%	$20.08	—	COM	895848109
GOOG	Alphabet Inc Class C Capital S	860	$664K	0.5%	$30.50	+26.8%	COM	02079K107
ODFL	Old Dominion Freight Lines	7,600	$652K	0.5%	$21.76	+18.4%	COM	679580100
SPY	SPDR S&P 500 Index	2,809	$628K	0.5%	$174.53	—	COM	78462F103
—	Intrexon	24,900	$605K	0.5%	$31.75	—	COM	46122T102
—	Cerner Corp	12,600	$597K	0.5%	$71.40	—	COM	156782104
—	Textainer Group Hldgs	78,300	$583K	0.5%	$20.39	—	ADR	G8766E109
META	Facebook Inc Class A	4,200	$483K	0.4%	$115.63	+5.5%	COM	30303M102
—	First Defiance Financial	8,891	$451K	0.4%	$44.65	—	COM	32006W106
DIS	Walt Disney Company	4,000	$417K	0.3%	$90.71	0.0%	COM	254687106
XLY	Consumer Discret SPDR ETF	4,927	$401K	0.3%	$79.97	—	COM	81369Y407
XLP	Consumer Staples SPDR ETF	7,143	$369K	0.3%	$53.17	—	COM	81369Y308
CVX	Chevrontexaco Corp	1,965	$231K	0.2%	$68.48	+7.8%	COM	166764100
GOGO	Gogo Inc.	14,500	$134K	0.1%	$16.41	-39.8%	COM	38046C109