Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	63,166	$17.81M	6.2%	$281.92 *	$65.48	+315.9%	COM	594918104
AAPL	APPLE,INC.	123,526	$17.48M	6.1%	$141.50 *	$85.57	+61.7%	COM	037833100
V	VISA INC.	66,405	$14.79M	5.2%	$222.75 *	$65.80	+227.9%	COM	92826C839
BRK/B	BERKSHIRE HATHAWAY - CL B	53,483	$14.6M	5.1%	$272.95	$120.85	+125.8%	COM	084670702
ABT	ABBOTT LABORATORIES	108,797	$12.85M	4.5%	$118.13 *	$64.57	+69.1%	COM	002824100
AMZN	AMAZON.COM INC.	3,434	$11.28M	3.9%	$3285.09 *	$125.05	+31.4%	COM	023135106
JNJ	JOHNSON & JOHNSON	65,116	$10.52M	3.7%	$161.50 *	$84.71	+68.5%	COM	478160104
PEP	PEPSICO INC COM	68,539	$10.31M	3.6%	$150.41 *	$96.28	+36.9%	COM	713448108
PG	PROCTER & GAMBLE CO	67,027	$9.37M	3.3%	$139.79 *	$104.29	+20.5%	COM	742718109
UPS	UNITED PARCEL SERVICE INC COM	50,735	$9.239M	3.2%	$182.10 *	$104.92	+43.5%	COM	911312106
HD	THE HOME DEPOT	24,691	$8.105M	2.8%	$328.26 *	$239.32	+23.5%	COM	437076102
PGR	PROGRESSIVE CORP	82,605	$7.467M	2.6%	$90.39 *	$60.59	+33.6%	COM	743315103
APH	AMPHENOL CORP COM CL A	101,840	$7.458M	2.6%	$73.23 *	$31.12	+13.1%	COM	032095101
COST	COSTCO WHOLESALE CORP	15,198	$6.829M	2.4%	$449.34 *	$298.11	+43.5%	COM	22160K105
PNR	PENTAIR PLC	81,420	$5.914M	2.1%	$72.64 *	$68.39	+0.4%	COM	G7S00T104
APD	AIR PRODUCTS & CHEMICALS INC	22,742	$5.824M	2.0%	$256.09 *	$156.61	+46.8%	COM	009158106
PSX	PHILLIPS 66	83,127	$5.821M	2.0%	$70.03 *	$56.32	+5.9%	COM	718546104
EOG	EOG RESOURCES, INC.	68,210	$5.475M	1.9%	$80.27 *	$62.78	+3.5%	COM	26875P101
WMT	WAL-MART STORES INC	39,202	$5.464M	1.9%	$139.38 *	$41.41	+6.1%	COM	931142103
NSRGY	NESTLE S A REP RG SH ADR	44,656	$5.368M	1.9%	$120.21	$76.61	+56.9%	COM	641069406
AZO	AUTOZONE, INC.	3,140	$5.332M	1.9%	$1698.09	$1250.95	+35.7%	COM	053332102
CVX	CHEVRON CORP.	51,853	$5.26M	1.8%	$101.44 *	$83.32	+2.4%	COM	166764100
DG	DOLLAR GENERAL CORP	24,304	$5.156M	1.8%	$212.15 *	$150.02	+31.9%	COM	256677105
TROW	T ROWE PRICE GROUP,INC.	23,875	$4.696M	1.6%	$196.69 *	$62.98	+159.0%	COM	74144T108
PNW	PINNACLE WEST CAPITAL	61,750	$4.468M	1.6%	$72.36 *	$59.18	+1.0%	COM	723484101
EXPD	EXPEDITORS INT'L OF WASHINGTON	37,160	$4.427M	1.5%	$119.13 *	$86.84	+30.2%	COM	302130109
UNP	UNION PACIFIC CORP COM	21,762	$4.266M	1.5%	$196.03 *	$102.55	+73.3%	COM	907818108
SYK	STRYKER CORP COM	15,885	$4.189M	1.5%	$263.71 *	$147.13	+71.5%	COM	863667101
DOW	DOW INC.	69,900	$4.023M	1.4%	$57.55 *	$45.81	-1.2%	COM	260557103
IFF	INTERNATIONAL FLAVORS & FRAGRA	28,719	$3.84M	1.3%	$133.71 *	$83.06	+43.2%	COM	459506101
MRK	MERCK & CO.,INC.	50,119	$3.764M	1.3%	$75.10 *	$46.56	+41.3%	COM	58933Y105
NEM	NEWMONT MINING CORP	66,465	$3.609M	1.3%	$54.30 *	$51.26	-7.1%	COM	651639106
—	KANSAS CITY SOUTHERN	12,985	$3.514M	1.2%	$270.62	$180.83	—	COM	485170302
PM	PHILIP MORRIS INTERNATIONAL,IN	36,053	$3.417M	1.2%	$94.78 *	$54.40	+42.1%	COM	718172109
BF/B	BROWN FORMAN CL B	50,863	$3.408M	1.2%	$67.00 *	$32.59	+88.0%	COM	115637209
AMAT	APPLIED MATERIALS	21,845	$2.812M	1.0%	$128.73 *	$51.49	+140.7%	COM	038222105
—	LAM RESEARCH CORP	4,742	$2.699M	0.9%	$569.17	$569.17	—	COM	512807108
JPM	J.P. MORGAN CHASE	14,571	$2.385M	0.8%	$163.68 *	$57.62	+154.2%	COM	46625H100
DIS	DISNEY WALT CO	10,130	$1.714M	0.6%	$169.20 *	$70.76	+133.6%	COM	254687106
ADBE	ADOBE SYSTEMS INC DELAWARE	2,590	$1.491M	0.5%	$575.68	$237.60	+142.3%	COM	00724F101
GLW	CORNING INC COM	38,766	$1.415M	0.5%	$36.50 *	$11.70	+176.6%	COM	219350105
HSY	HERSHEY COMPANY COM	7,562	$1.28M	0.4%	$169.27 *	$147.85	+3.2%	COM	427866108
HOLX	HOLOGIC, INC.	16,830	$1.242M	0.4%	$73.80	$74.99	-1.6%	COM	436440101
WM	WASTE MANAGEMENT INC COM	7,740	$1.156M	0.4%	$149.35 *	$104.00	+34.4%	COM	94106L109
PPG	PPG INDS INC	7,830	$1.12M	0.4%	$143.04 *	$131.06	-0.1%	COM	693506107
ALL	ALLSTATE CORP	8,245	$1.05M	0.4%	$127.35 *	$99.87	+14.9%	COM	020002101
KO	COCA COLA CO	19,641	$1.031M	0.4%	$52.49 *	$33.76	+36.9%	COM	191216100
XOM	EXXONMOBIL CORP	16,242	$955K	0.3%	$58.80 *	$52.20	-3.5%	COM	30231G102
SBUX	STARBUCKS CORPORATION	8,541	$942K	0.3%	$110.29 *	$35.59	+180.3%	COM	855244109
MO	ALTRIA GROUP, INC	14,368	$654K	0.2%	$45.52 *	$32.29	+0.7%	COM	02209S103
BDX	BECTON,DICKINSON & COMPANY	2,608	$641K	0.2%	$245.78 *	$178.87	+25.0%	COM	075887109
UNH	UNITEDHEALTH GROUP	1,633	$638K	0.2%	$390.69 *	$281.21	+29.5%	COM	91324P102
—	UNILEVER PLC ADR SPONSORED	11,035	$598K	0.2%	$54.19	$55.73	—	COM	904767704
MDT	MEDTRONIC Plc	4,508	$565K	0.2%	$125.33 *	$113.45	-2.7%	COM	G5960L103
TJX	TJX COS INC COM	8,320	$549K	0.2%	$65.99 *	$36.46	+69.9%	COM	872540109
LMT	LOCKHEED MARTIN CORP.	1,483	$512K	0.2%	$345.25 *	$329.03	-6.6%	COM	539830109
CMI	CUMMINS INC COM	2,105	$473K	0.2%	$224.70 *	$176.63	+14.5%	COM	231021106
MA	MASTERCARD INC.	1,325	$461K	0.2%	$347.92 *	$315.67	+7.5%	COM	57636Q104
INTC	INTEL CORP	8,629	$460K	0.2%	$53.31 *	$47.32	+3.7%	COM	458140100
BRK/A	BERKSHIRE HATHAWAY - CL A	1	$411K	0.1%	$411000.00	$306852.94	+34.1%	COM	084670108
NSC	NORFOLK SOUTHERN CORP	1,625	$389K	0.1%	$239.38 *	$62.40	+249.6%	COM	655844108
CL	COLGATE PALMOLIVE CO	4,976	$376K	0.1%	$75.56 *	$46.14	+48.0%	COM	194162103
NKE	NIKE, INC. - CLASS B	2,520	$366K	0.1%	$145.24 *	$49.78	+173.2%	COM	654106103
AMGN	AMGEN,INC.	1,631	$347K	0.1%	$212.75 *	$209.54	-11.4%	COM	031162100
TXN	TEXAS INSTRUMENTS INC	1,800	$346K	0.1%	$192.22 *	$63.59	+166.7%	COM	882508104
GILD	GILEAD SCIENCES INC	4,617	$322K	0.1%	$69.74 *	$68.94	-13.7%	COM	375558103
AZN	ASTRAZENECA ADR	5,000	$300K	0.1%	$60.00	$54.78	—	COM	046353108
HRL	HORMEL FOODS CORPORATION	6,500	$267K	0.1%	$41.08 *	$43.07	-16.6%	COM	440452100
NVDA	NVIDIA CORP	1,276	$264K	0.1%	$206.90 *	$19.54	+5.8%	COM	67066G104
COP	CONOCOPHILLIPS COM	3,694	$250K	0.1%	$67.68 *	$47.24	+22.8%	COM	20825C104
UGI	UGI CORP.	5,140	$219K	0.1%	$42.61	$45.69	-6.7%	COM	902681105
DE	DEERE AND COMPANY	600	$201K	0.1%	$335.00 *	$232.12	+36.3%	COM	244199105