Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AMZN	Amazon.com Inc.	11,244	$20.02M	6.6%	$1780.77 *	$39.50	+110.7%	COM	023135106
MSFT	Microsoft Corporation	157,950	$18.63M	6.2%	$117.94 *	$31.77	+221.9%	COM	594918104
LOW	Lowes Companies Inc.	109,336	$11.97M	4.0%	$109.47 *	$39.86	+120.9%	COM	548661107
ADM	Archer Daniels Midland	261,237	$11.27M	3.7%	$43.13 *	$25.77	+35.4%	COM	039483102
JPM	JPMorgan Chase & Co	109,629	$11.1M	3.7%	$101.23 *	$89.02	-4.1%	COM	46625H100
GOOG	Alphabet Inc. Class C	9,343	$10.96M	3.6%	$1173.39 *	$53.63	+3.8%	COM	02079K107
AAPL	Apple Inc.	56,122	$10.66M	3.5%	$189.94 *	$31.88	+26.8%	COM	037833100
TSM	Taiwan Semiconductor	207,158	$8.485M	2.8%	$40.96	$17.46	—	COM	874039100
ORCL	Oracle Corporation	151,234	$8.123M	2.7%	$53.71 *	$41.17	+11.9%	COM	68389X105
NVS	Novartis AG	78,153	$7.514M	2.5%	$96.14	$75.49	—	COM	66987V109
RY	Royal Bank of Canada	93,278	$7.047M	2.3%	$75.55	$58.56	+29.2%	COM	780087102
SJM	JM Smucker Co.	51,435	$5.992M	2.0%	$116.50 *	$77.71	+7.6%	COM	832696405
JNJ	Johnson & Johnson	42,630	$5.96M	2.0%	$139.81 *	$74.50	+48.1%	COM	478160104
PEP	PepsiCo, Inc.	48,128	$5.898M	2.0%	$122.55 *	$63.22	+46.2%	COM	713448108
WMT	Wal-Mart Stores, Inc.	58,599	$5.715M	1.9%	$97.53 *	$20.05	+45.8%	COM	931142103
—	Laboratory Corp of America	37,345	$5.713M	1.9%	$152.98	$112.66	—	COM	50540R409
AMGN	Amgen Inc.	24,677	$5.647M	1.9%	$228.84 *	$112.37	+37.6%	COM	031162100
CVX	Chevron Corp	42,531	$5.239M	1.7%	$123.18 *	$70.95	+23.3%	COM	166764100
ILMN	Illumina Inc	15,948	$4.955M	1.6%	$310.70 *	$156.73	+86.1%	COM	452327109
UNP	Union Pacific Corp.	28,060	$4.692M	1.6%	$167.21 *	$93.38	+47.9%	COM	907818108
BAC	Bank of America Corp	29,499	$4.404M	1.5%	$149.29 *	$15.09	+58.3%	COM	060505104
NEOG	Neogen Corporation	72,241	$4.146M	1.4%	$57.39 *	$19.45	+55.5%	COM	640491106
PM	Philip Morris Intl	44,497	$3.933M	1.3%	$88.39 *	$48.34	+16.0%	COM	718172109
MCD	McDonald's Corp.	20,586	$3.909M	1.3%	$189.89 *	$75.70	+104.2%	COM	580135101
CHD	Church & Dwight Co., Inc,	52,736	$3.756M	1.2%	$71.22 *	$37.51	+61.6%	COM	171340102
NOK	Nokia Corp	614,700	$3.517M	1.2%	$5.72	$5.66	—	COM	654902204
LLY	Eli Lilly & Co.	24,650	$3.199M	1.1%	$129.78 *	$69.30	+60.1%	COM	532457108
GOOGL	Alphabet Inc. Class A	2,192	$2.58M	0.9%	$1177.01 *	$46.42	+20.7%	COM	02079K305
NKE	Nike Inc Cl B	29,500	$2.484M	0.8%	$84.20 *	$59.62	+26.4%	COM	654106103
IFF	International Flavors&Frag.	18,594	$2.395M	0.8%	$128.80 *	$90.87	+21.5%	COM	459506101
HSY	Hershey Co.	20,000	$2.297M	0.8%	$114.85 *	$70.38	+31.9%	COM	427866108
TCEHY	Tencent Hldgs Ltd ADR	49,030	$2.254M	0.7%	$45.97	$50.04	—	COM	88032Q109
NVO	Novo-Nordisk A/S	41,730	$2.183M	0.7%	$52.31	$51.61	—	COM	670100205
—	Super Micro Computer, Inc.	100,501	$2.123M	0.7%	$21.12	$15.72	—	COM	86800U104
ET	Energy Transfer LP	137,744	$2.117M	0.7%	$15.37	$13.21	—	COM	29273V100
XYZ	Square, Inc. CL A	27,050	$2.026M	0.7%	$74.90 *	$66.88	+8.4%	COM	852234103
T	AT&T Inc.	64,336	$2.018M	0.7%	$31.37 *	$14.53	-2.5%	COM	00206R102
QCOM	Qualcomm Inc.	33,826	$1.929M	0.6%	$57.03 *	$47.82	-4.4%	COM	747525103
DIS	Walt Disney Company	17,277	$1.918M	0.6%	$111.01 *	$97.56	+10.6%	COM	254687106
ADBE	Adobe Systems Inc.	6,840	$1.823M	0.6%	$266.52 *	$254.05	-0.8%	COM	00724F101
CSCO	Cisco Systems Inc.	32,092	$1.733M	0.6%	$54.00 *	$31.40	+25.8%	COM	17275R102
XOM	Exxon Mobil Corporation	21,444	$1.732M	0.6%	$80.77 *	$54.39	+1.9%	COM	30231G102
NVDA	NVIDIA Corp	9,500	$1.706M	0.6%	$179.58 *	$3.56	+8.0%	COM	67066G104
BIIB	Biogen Inc.	7,000	$1.655M	0.5%	$236.43 *	$287.35	+9.6%	COM	09062X103
RHHBY	Roche Holdings Ltd	47,502	$1.634M	0.5%	$34.40	$41.81	—	COM	771195104
—	Celgene Corp.	17,210	$1.624M	0.5%	$94.36	$104.75	—	COM	151020104
—	Urstadt Biddle Prop cl A	76,774	$1.585M	0.5%	$20.65	$20.00	—	COM	917286205
NFLX	Netflix Inc	4,160	$1.483M	0.5%	$356.49 *	$29.93	+15.8%	COM	64110L106
HON	Honeywell Intl Inc	9,279	$1.475M	0.5%	$158.96 *	$77.94	+55.4%	COM	438516106
—	Xilinx Inc.	11,572	$1.467M	0.5%	$126.77	$52.47	—	COM	983919101
MMM	3M Company	6,966	$1.447M	0.5%	$207.72 *	$96.23	+36.2%	COM	88579Y101
FDX	FedEx Corp	7,865	$1.427M	0.5%	$181.44 *	$197.28	-21.0%	COM	31428X106
PFE	Pfizer Inc.	30,914	$1.313M	0.4%	$42.47 *	$21.23	+37.7%	COM	717081103
MRK	Merck & Co. Inc.	14,268	$1.187M	0.4%	$83.19 *	$39.61	+52.2%	COM	58933Y105
AXP	American Express Co.	10,465	$1.144M	0.4%	$109.32 *	$62.43	+53.5%	COM	025816109
IBM	IBM Corp	7,975	$1.125M	0.4%	$141.07 *	$95.45	-0.9%	COM	459200101
VTI	Vanguard Total Market ETF	7,588	$1.098M	0.4%	$144.70	$131.84	—	COM	922908769
LMT	Lockheed Martin Corp.	3,595	$1.079M	0.4%	$300.14 *	$178.87	+36.2%	COM	539830109
CSX	CSX Corporation	14,400	$1.078M	0.4%	$74.86 *	$9.20	+129.4%	COM	126408103
—	Splunk Inc.	8,500	$1.059M	0.4%	$124.59	$58.83	—	COM	848637104
WRB	W.R. Berkley Corp	12,263	$1.039M	0.3%	$84.73 *	$10.93	+85.4%	COM	084423102
EMR	Emerson Electric Co.	15,170	$1.039M	0.3%	$68.49 *	$41.93	+33.6%	COM	291011104
GNTX	Gentex Corporation	49,972	$1.033M	0.3%	$20.67	$17.11	+22.1%	COM	371901109
VZ	Verizon Communications, Inc.	16,735	$990K	0.3%	$59.16 *	$32.78	+18.8%	COM	92343V104
TWLO	Twilio Inc.	7,500	$969K	0.3%	$129.20 *	$29.98	+275.7%	COM	90138F102
USB	U.S. Bancorp	20,090	$968K	0.3%	$48.18 *	$26.25	+43.2%	COM	902973304
—	Ensco plc cl A	240,321	$944K	0.3%	$3.93	$3.93	—	COM	00BJVJZD6
ADSK	Autodesk Inc.	6,000	$935K	0.3%	$155.83 *	$83.68	+78.6%	COM	052769106
—	Red Hat, Inc.	5,000	$914K	0.3%	$182.80	$82.80	—	COM	756577102
FIS	Fidelity National Info Srv	8,018	$907K	0.3%	$113.12 *	$34.36	+172.0%	COM	31620M106
GNRC	Generac Holdings Inc.	17,639	$904K	0.3%	$51.25	$40.66	+28.3%	COM	368736104
—	Seattle Genetics, Inc.	11,900	$872K	0.3%	$73.28	$41.28	—	COM	812578102
CAT	Caterpillar Inc	6,000	$813K	0.3%	$135.50 *	$65.81	+74.2%	COM	149123101
PG	Procter & Gamble Co.	7,664	$797K	0.3%	$103.99 *	$57.19	+43.5%	COM	742718109
KO	Coca-Cola Company	16,903	$792K	0.3%	$46.86 *	$30.66	+23.2%	COM	191216100
CMI	Cummins Inc.	5,000	$789K	0.3%	$157.80 *	$75.80	+65.9%	COM	231021106
PAYX	Paychex, Inc.	9,600	$770K	0.3%	$80.21 *	$37.06	+63.1%	COM	704326107
FITB	Fifth Third Bancorp	30,034	$757K	0.3%	$25.20 *	$14.80	+37.0%	COM	316773100
BHP	BHP Billiton Limited	13,457	$736K	0.2%	$54.69	$40.75	—	COM	088606108
ETN	Eaton Corporation, plc	8,630	$695K	0.2%	$80.53 *	$45.44	+46.3%	COM	G29183103
CL	Colgate-Palmolive Co	10,000	$685K	0.2%	$68.50 *	$52.34	+5.1%	COM	194162103
XPO	XPO Logistics, Inc.	12,645	$680K	0.2%	$53.78 *	$15.95	+20.4%	COM	983793100
—	Royal Dutch Shell PLC ADR Cl A	10,363	$649K	0.2%	$62.63	$55.60	—	COM	780259206
MPLX	MPLX LP	19,658	$647K	0.2%	$32.91	$39.13	—	COM	55336V100
ZBH	Zimmer Biomet Holdings, Inc.	5,056	$646K	0.2%	$127.77 *	$89.62	+19.9%	COM	98956P102
NSC	Norfolk Southern Corp	3,441	$643K	0.2%	$186.86 *	$66.36	+126.8%	COM	655844108
STT	State Street Corp	9,445	$622K	0.2%	$65.85 *	$53.54	+3.5%	COM	857477103
BMY	Bristol-Myers Squibb Co.	12,999	$620K	0.2%	$47.70 *	$38.25	+0.1%	COM	110122108
CMCSA	Comcast cl A	14,729	$589K	0.2%	$39.99 *	$31.65	-0.4%	COM	20030N101
SBR	Sabine Royalty Trust	11,594	$538K	0.2%	$46.40	$47.33	—	COM	785688102
WPC	W.P. Carey Inc. REIT	6,800	$533K	0.2%	$78.38	$64.26	—	COM	92936U109
DUK	Duke Energy Corp	5,838	$525K	0.2%	$89.93 *	$46.55	+43.7%	COM	26441C204
NTR	Nutrien Ltd.	9,882	$521K	0.2%	$52.72 *	$38.36	+7.4%	COM	67077M108
MA	Mastercard Inc.	2,155	$507K	0.2%	$235.27 *	$111.06	+86.6%	COM	57636Q104
WFC	Wells Fargo & Co	10,407	$503K	0.2%	$48.33 *	$31.65	+28.8%	COM	949746101
PANW	Palo Alto Networks, Inc.	2,010	$488K	0.2%	$242.79 *	$24.33	+52.5%	COM	697435105
—	Cree Inc.	8,508	$487K	0.2%	$57.24	$48.72	—	COM	225447101
—	Blackstone Group LP	13,600	$476K	0.2%	$35.00	$34.62	—	COM	09253U108
—	Nektar Therapeutics	14,100	$474K	0.2%	$33.62	$25.43	—	COM	640268108
SHY	iShares 1-3 Year Treas Bond ET	5,450	$458K	0.2%	$84.04	$84.42	—	COM	464287457
GLD	SPDR Gold Shares ETF	3,685	$450K	0.1%	$122.12	$119.05	—	COM	78463V107
KMB	Kimberly-Clark Corp.	3,535	$438K	0.1%	$123.90 *	$76.31	+19.7%	COM	494368103
—	Blackrock Inc.	1,000	$427K	0.1%	$427.00	$340.50	—	COM	09247X101
—	Cloudera Inc.	38,124	$417K	0.1%	$10.94	$10.94	—	COM	18914U100
VFH	Vanguard Financials ETF	6,412	$414K	0.1%	$64.57	$67.97	—	COM	92204A405
INTU	Intuit Inc.	1,498	$392K	0.1%	$261.68 *	$55.84	+295.8%	COM	461202103
INTC	Intel Corporation	7,132	$383K	0.1%	$53.70 *	$35.22	+24.4%	COM	458140100
GILD	Gilead Sciences Inc.	5,802	$377K	0.1%	$64.98 *	$67.86	-25.1%	COM	375558103
—	United Technologies Corp	2,927	$377K	0.1%	$128.80	$106.55	—	COM	913017109
TIP	iShares TIPS Bond ETF	3,210	$363K	0.1%	$113.08	$112.91	—	COM	464287176
AVY	Avery Dennison Corp.	3,000	$339K	0.1%	$113.00 *	$53.99	+69.6%	COM	053611109
FTS	Fortis Inc.	9,024	$334K	0.1%	$37.01 *	$22.16	+23.6%	COM	349553107
GWW	W.W. Grainger Inc.	1,090	$328K	0.1%	$300.92 *	$182.07	+49.2%	COM	384802104
EFA	iShares MSCI EAFE ETF	5,050	$328K	0.1%	$64.95	$69.65	—	COM	464287465
BA	Boeing Company	855	$326K	0.1%	$381.29	$271.41	+38.2%	COM	097023105
—	Australia & NZ Bank	17,528	$325K	0.1%	$18.54	$25.38	—	COM	052528304
AES	AES Corporation	17,751	$321K	0.1%	$18.08 *	$8.78	+50.0%	COM	00130H105
BK	Bank of New York Mellon Corp.	6,264	$316K	0.1%	$50.45 *	$23.10	+83.2%	COM	064058100
—	VISA Inc. Cl A	2,000	$312K	0.1%	$156.00	$105.00	—	COM	92826c839
—	iShares MSCI China ETF	5,000	$312K	0.1%	$62.40	$68.60	—	COM	46429b671
MBIN	Merchants Bancorp Indiana	14,425	$310K	0.1%	$21.49 *	$11.33	+12.1%	COM	58844R108
EEM	iShares MSCI Emerging Mkts	6,800	$292K	0.1%	$42.94	$37.32	—	COM	464287234
TROW	T Rowe Price Group Inc	2,901	$290K	0.1%	$99.97 *	$48.07	+52.3%	COM	74144T108
ADP	Automatic Data Processing Inc.	1,800	$288K	0.1%	$160.00 *	$48.51	+158.6%	COM	053015103
MO	Altria Group Inc	4,906	$282K	0.1%	$57.48 *	$16.76	+77.3%	COM	02209S103
IJH	iShares Core S&P Mid-Cap ETF	1,470	$278K	0.1%	$189.12	$184.58	—	COM	464287507
AVGO	Broadcom Limited	913	$275K	0.1%	$301.20 *	$19.38	+16.1%	COM	11135F101
TMO	Thermo Fisher Scientific, Inc.	1,000	$274K	0.1%	$274.00 *	$205.54	+18.9%	COM	883556102
MET	MetLife, Inc.	6,000	$255K	0.1%	$42.50 *	$28.54	+22.8%	COM	59156R108
ITW	Illinois Tool Works Inc.	1,740	$250K	0.1%	$143.68 *	$51.35	+127.9%	COM	452308109
BRK/B	Berkshire Hathaway CL B	1,225	$246K	0.1%	$200.82	$122.15	+65.2%	COM	084670702
—	CenturyLink	20,400	$245K	0.1%	$12.01	$15.95	—	COM	156700106
ALL	Allstate Corporation	2,596	$244K	0.1%	$93.99 *	$64.52	+19.2%	COM	020002101
JCI	Johnson Controls, Inc.	6,267	$232K	0.1%	$37.02 *	$29.58	0.0%	COM	G51502105
—	Symantec Corporation	10,000	$230K	0.1%	$23.00	$18.90	—	COM	871503108
—	Goldman Sachs Gr Pfd	11,567	$223K	0.1%	$19.28	$21.00	—	COM	38144G804
BABA	Alibaba Group Hldg Ltd Spon AD	1,210	$221K	0.1%	$182.64	$137.05	—	COM	01609W102
VO	Vanguard Mid-Cap ETF	1,328	$213K	0.1%	$160.39	$138.28	—	COM	922908629
GTX	Garrett Motion Inc.	14,494	$213K	0.1%	$14.70 *	$15.07	0.0%	COM	366505105
FISV	Fiserv Inc.	2,400	$212K	0.1%	$88.33 *	$82.51	0.0%	COM	337738108
—	Invesco Ultra Short Duration E	4,200	$211K	0.1%	$50.24	$50.24	—	COM	46090a887
MDU	MDU Resources Group	8,064	$208K	0.1%	$25.79 *	$7.90	0.0%	COM	552690109
AMT	American Tower Corporation	1,034	$204K	0.1%	$197.29 *	$146.03	0.0%	COM	03027X100
VOD	Vodafone Group PLC ADS	11,171	$203K	0.1%	$18.17	$21.66	—	COM	92857W308
TRV	The Travelers Companies	1,483	$203K	0.1%	$136.88 *	$110.26	0.0%	COM	89417E109
—	Carrizo Oil & Gas Inc.	10,925	$136K	0.0%	$12.45	$12.45	—	COM	144577103
CRT	Cross Timbers Royalty	10,496	$120K	0.0%	$11.43	$29.71	—	COM	22757R109
FKINX	Franklin Income Fund Cl A	16,057	$37,000	0.0%	$2.30	$2.30	—	COM	353496300