Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC.	78,805	$14.97M	5.6%	$18.48	+118.8%	COM	037833100
CVX	CHEVRON CORP	117,194	$14.44M	5.4%	$69.82	+25.3%	COM	166764100
XOM	EXXON MOBIL CORPORATION	161,756	$13.07M	4.9%	$53.75	+3.1%	COM	30231G102
MRK	MERCK & CO., INC.	134,470	$11.18M	4.2%	$35.76	+68.6%	COM	58933Y105
PM	PHILIP MORRIS INTERNATIONAL-AL	113,806	$10.06M	3.8%	$49.85	+12.5%	COM	718172109
JPM	JPMORGAN CHASE & CO.	81,134	$8.213M	3.1%	$38.96	+119.0%	COM	46625H100
KO	COCA-COLA CO	173,015	$8.107M	3.0%	$28.23	+33.8%	COM	191216100
PG	PROCTER & GAMBLE CO	74,414	$7.743M	2.9%	$55.13	+48.9%	COM	742718109
—	ROYAL DUTCH SHELL PLC - ADR A	120,270	$7.528M	2.8%	$60.31	—	COM	780259206
DEO	DIAGEO PLC ADR	45,840	$7.5M	2.8%	$113.73	—	COM	25243Q205
NKE	NIKE, INC. CL B	82,850	$6.977M	2.6%	$45.26	+66.5%	COM	654106103
BRK/A	BERKSHIRE HATHAWAY INC. CL A	18	$5.422M	2.0%	$165023.42	+83.5%	COM	084670108
PFE	PFIZER, INC.	124,472	$5.286M	2.0%	$16.46	+77.7%	COM	717081103
—	GENERAL MOTORS COMPANY	141,380	$5.245M	2.0%	$35.64	—	COM	37045v100
PEP	PEPSICO	42,409	$5.197M	1.9%	$56.00	+65.1%	COM	713448108
JNJ	JOHNSON & JOHNSON	37,110	$5.188M	1.9%	$59.66	+85.0%	COM	478160104
BA	BOEING COMPANY	13,525	$5.159M	1.9%	$206.13	+82.0%	COM	097023105
DIS	DISNEY WALT CO	45,583	$5.061M	1.9%	$88.70	+21.6%	COM	254687106
TGT	TARGET CORP-FRMLY DAYTON HUDSO	53,270	$4.275M	1.6%	$52.52	+15.6%	COM	87612E106
HD	HOME DEPOT	21,550	$4.135M	1.5%	$56.05	+176.0%	COM	437076102
—	BERKSHIRE HATHAWAY INC. CL B	20,018	$4.021M	1.5%	$111.92	—	COM	084670207
L	LOEWS CORP	77,917	$3.735M	1.4%	$42.08	+8.9%	COM	540424108
IBM	INTERNATIONAL BUSINESS MACHINE	25,292	$3.569M	1.3%	$117.65	-19.6%	COM	459200101
—	ZOETIS INC.	34,076	$3.43M	1.3%	$30.88	—	COM	98978v103
MO	ALTRIA GROUP INC.	51,206	$2.941M	1.1%	$16.28	+82.6%	COM	02209S103
RHHBY	ROCHE HOLDINGS LTD ADR	85,250	$2.932M	1.1%	$49.80	—	COM	771195104
INTC	INTEL CORP	54,500	$2.927M	1.1%	$17.18	+155.2%	COM	458140100
SPG	SIMON PROPERTY GROUP, INC. REI	15,700	$2.861M	1.1%	$104.77	+16.1%	COM	828806109
BMY	BRISTOL-MYERS SQUIBB CO	59,924	$2.859M	1.1%	$28.67	+33.6%	COM	110122108
GIS	GENERAL MILLS, INC.	54,500	$2.82M	1.1%	$33.68	+6.3%	COM	370334104
BPY 6.5 PERP A-1	BROOKFIELD PRPTY PTNRS LP 6.5	106,000	$2.632M	1.0%	$24.83	—	PREFERRED	G16249149
WMT	WALMART INC.	26,800	$2.614M	1.0%	$19.98	+46.3%	COM	931142103
T	AT&T INC.	83,138	$2.607M	1.0%	$15.44	-8.3%	COM	00206R102
MDLZ	MONDELEZ INTL INC.(FMRLY KRAFT	45,638	$2.278M	0.9%	$23.16	+67.4%	COM	609207105
META	FACEBOOK INC.	13,415	$2.236M	0.8%	$134.59	+17.3%	COM	30303M102
CB	CHUBB LIMITED (FRMLY ACE LIMIT	15,106	$2.116M	0.8%	$94.35	+25.6%	COM	H1467J104
—	PRUDENTIAL FINANCIAL INC 5.625	80,000	$2.056M	0.8%	$24.87	—	PREFERRED	744320805
—	AON PLC	11,618	$1.983M	0.7%	$64.38	—	COM	037389103
—	TOTAL SA SPON ADR	34,995	$1.947M	0.7%	$48.70	—	COM	89151E109
VZ	VERIZON COMMUNICATIONS INC.	31,592	$1.868M	0.7%	$28.13	+38.5%	COM	92343V104
—	UNITED TECHNOLOGIES CORP	14,400	$1.856M	0.7%	$92.92	—	COM	913017109
KMB	KIMBERLY-CLARK	14,800	$1.834M	0.7%	$64.11	+42.4%	COM	494368103
STZ	CONSTELLATION BRANDS, INC.	10,150	$1.78M	0.7%	$154.55	-2.6%	COM	21036P108
MSFT	MICROSOFT CORPORATION	13,800	$1.628M	0.6%	$27.11	+277.3%	COM	594918104
BAC	BANK OF AMERICA (NEW)	56,633	$1.563M	0.6%	$10.13	+135.8%	COM	060505104
KMI	KINDER MORGAN, INC.	77,450	$1.55M	0.6%	$12.10	+3.3%	COM	49456B101
—	BANK OF AMERICA CORP 6.000 CA	50,000	$1.296M	0.5%	$26.04	—	PREFERRED	060505260
UNP	UNION PACIFIC CORPORATION	7,700	$1.287M	0.5%	$72.17	+91.3%	COM	907818108
—	CONOCOPHILLIPS	19,200	$1.281M	0.5%	$60.51	—	COM	20825c104
NSRGY	NESTLE SA - SPON ADR	13,400	$1.277M	0.5%	$68.53	—	COM	641069406
SRE	SEMPRA ENERGY	10,000	$1.259M	0.5%	$35.44	+33.0%	COM	816851109
BOH	BANK OF HAWAII CORPORATION	15,000	$1.183M	0.4%	$31.53	+87.9%	COM	062540109
EPD	ENTERPRISE PRODUCTS PARTNERS L	39,840	$1.159M	0.4%	$50.88	—	COM	293792107
SWRAY	SINGAPORE AIRLINES	123,431	$1.115M	0.4%	$9.19	—	COM	870794302
TXN	TEXAS INSTRUMENTS INC.	10,000	$1.061M	0.4%	$25.31	+237.4%	COM	882508104
—	BROOKFIELD PPTY PTNRS LP(ACQUI	51,195	$1.053M	0.4%	$20.69	—	COM	G16249107
—	PUBLIC STORAGE 5.15 SER F CAL	42,000	$1.041M	0.4%	$24.97	—	PREFERRED	74460W685
—	IAC/INTERACTIVECORP	4,925	$1.035M	0.4%	$65.35	—	COM	44919p508
FOXA	FOX CORP CL A	28,108	$1.032M	0.4%	$35.41	0.0%	COM	35137L105
AVB	AVALONBAY COMMUNITIES, INC REI	5,000	$1.004M	0.4%	$87.72	+71.6%	COM	053484101
—	ENERGY TRANSFER OPER LP 7.375	40,000	$985K	0.4%	$25.00	—	PREFERRED	29278n301
—	ABBVIE INC.	12,200	$983K	0.4%	$46.09	—	COM	00287y109
—	ALLEGHANY CORP	1,594	$976K	0.4%	$383.31	—	COM	017175100
CI	CIGNA CORP (ACQUIRED EXPRESS S	5,940	$955K	0.4%	$190.77	-12.5%	COM	125523100
GOOG	ALPHABET INC. CL C	800	$939K	0.4%	$35.65	+56.2%	COM	02079K107
—	PUBLIC STORAGE SER W 5.2 CALL	38,000	$933K	0.3%	$23.56	—	PREFERRED	74460w875
CAT	CATERPILLAR INC.	6,800	$921K	0.3%	$111.50	+2.8%	COM	149123101
PSX	PHILLIPS 66	9,600	$914K	0.3%	$40.44	+77.9%	COM	718546104
ZBH	ZIMMER BIOMET HOLDINGS(FRMLY Z	6,728	$859K	0.3%	$67.30	+59.6%	COM	98956P102
—	TIFFANY & CO	8,000	$844K	0.3%	$72.89	—	COM	886547108
AEP	AMERICAN ELECTRIC POWER	10,000	$837K	0.3%	$30.44	+105.1%	COM	025537101
BXP	BOSTON PROPERTIES INC. REIT	6,000	$803K	0.3%	$64.00	+44.7%	COM	101121101
—	NOVARTIS AG - ADR	8,150	$784K	0.3%	$81.77	—	COM	66987v109
—	REXFORD INDUSTRIAL REALTY, INC	21,000	$752K	0.3%	$13.81	—	COM	76169c100
KHC	KRAFT HEINZ CO (THE)	22,909	$748K	0.3%	$47.86	-39.2%	COM	500754106
—	U.S. BANCORP (FORMERLY FIRST B	14,610	$704K	0.3%	$36.18	—	COM	902973106
ABT	ABBOTT LABORATORIES	8,700	$695K	0.3%	$28.85	+129.2%	COM	002824100
—	COCA-COLA EUROPEAN PARTNERS PL	13,000	$673K	0.3%	$45.85	—	COM	g25839104
AMZN	AMAZON.COM, INC.	376	$670K	0.3%	$83.14	+0.1%	COM	023135106
SYY	SYSCO CORP	10,000	$668K	0.3%	$24.40	+121.8%	COM	871829107
—	YUM BRANDS INC. (FORMERLY TRIC	6,500	$649K	0.2%	$69.32	—	COM	895953107
—	FIDELITY NATIONAL INFORMATION	5,364	$607K	0.2%	$42.88	—	COM	31620m106
—	EXPEDIA INC.(IAC/INTERACTIVECO	4,950	$589K	0.2%	$60.20	—	COM	30212p105
RIO	RIO TINTO PLC SPONSORED ADR	10,000	$588K	0.2%	$41.05	—	COM	767204100
BTI	BRITISH AMERICAN TOBACCO PLC -	13,763	$574K	0.2%	$41.71	—	COM	110448107
UPS	UNITED PARCEL SERVICE, INC. CL	5,100	$570K	0.2%	$67.80	+19.4%	COM	911312106
BP	BP PLC SPONS ADR	12,642	$553K	0.2%	$40.99	—	COM	055622104
—	NEW YORK COMMUNITY BANCORP, IN	47,300	$547K	0.2%	$14.04	—	COM	649445103
AAL	AMERICAN AIRLINES GROUP INC.	16,800	$534K	0.2%	$43.35	-23.6%	COM	02376R102
SKT	TANGER FACTORY OUTLET REIT	25,200	$529K	0.2%	$33.45	—	COM	875465106
—	JPMORGAN CHASE 6.125 CALLABLE	20,000	$520K	0.2%	$24.90	—	PREFERRED	48127r461
PSA	PUBLIC STORAGE - REIT	2,388	$520K	0.2%	$97.16	+61.8%	COM	74460D109
—	BANK OF AMERICA 6.20 PERP CAL	20,000	$518K	0.2%	$26.05	—	PREFERRED	060505286
EMR	EMERSON ELECTRIC CO	7,130	$488K	0.2%	$40.02	+40.0%	COM	291011104
—	TRAVELERS COMPANIES, INC.	3,311	$454K	0.2%	$80.04	—	COM	89417e109
—	HOWARD HUGHES CORP (THE)(SPINO	4,100	$451K	0.2%	$112.20	—	COM	44267d107
ADM	ARCHER-DANIELS-MIDLAND CORP	10,172	$439K	0.2%	$23.37	+49.4%	COM	039483102
BUD	ANHEUSER-BUSCH INBEV SA/NV - S	5,200	$437K	0.2%	$131.74	—	COM	03524A108
—	KKR & CO. INC.	18,000	$423K	0.2%	$27.28	—	COM	48251w104
BAX	BAXTER INT'L INC.	5,106	$415K	0.2%	$32.47	+97.3%	COM	071813109
—	RALPH LAUREN CORP (FMLY POLO R	3,000	$389K	0.1%	$173.67	—	COM	731572103
—	BLACKSTONE GROUP LP (THE)	11,000	$385K	0.1%	$28.07	—	COM	09253u108
—	FNF GROUP (FIDELITY NATL FINCL	10,458	$382K	0.1%	$27.73	—	COM	31620r303
DRI	DARDEN RESTAURANTS INC.	3,000	$364K	0.1%	$53.91	+68.1%	COM	237194105
AZN	ASTRAZENECA PLC-SPONS ADR	8,000	$323K	0.1%	$41.94	—	COM	046353108
—	CK HUTCHISON HOLDINGS(FRM CHEU	30,000	$315K	0.1%	$13.43	—	COM	166744201
DAL	DELTA AIR LINES INC.	6,000	$310K	0.1%	$38.40	+21.8%	COM	247361702
—	BANCO SANTANDER SA ADR	63,337	$293K	0.1%	$6.49	—	COM	05964h105
—	YUM CHINA HOLDINGS, INC.	6,387	$287K	0.1%	$39.49	—	COM	98850p109
WFC	WELLS FARGO & CO.	5,300	$256K	0.1%	$36.83	+10.7%	COM	949746101
EW	EDWARDS LIFESCIENCES CORP.	1,340	$256K	0.1%	$48.91	+16.7%	COM	28176E108
CDP	CORPORATE OFFICE PROPERTY TRUS	9,100	$248K	0.1%	$27.25	—	COM	22002T108
—	BROOKFIELD DTLA FD OFFICE TR P	10,000	$215K	0.1%	$26.50	—	PREFERRED	112714209
F	FORD MOTOR COMPANY	24,390	$214K	0.1%	$8.12	-25.1%	COM	345370860
TSM	TAIWAN SEMICONDUCTOR MFG CO LT	5,006	$205K	0.1%	$40.95	—	COM	874039100
—	CREDIT SUISSE GROUP AG - SPON	10,000	$116K	0.0%	$11.60	—	COM	225401108