Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	Amazon.com Inc.	10,718	$20.3M	6.9%	$39.50	+135.8%	COM	023135106
MSFT	Microsoft Corporation	148,267	$19.86M	6.8%	$31.77	+276.2%	COM	594918104
JPM	JPMorgan Chase & Co	100,981	$11.29M	3.8%	$89.02	+3.4%	COM	46625H100
AAPL	Apple Inc.	54,347	$10.76M	3.7%	$31.88	+46.2%	COM	037833100
ADM	Archer Daniels Midland	261,534	$10.67M	3.6%	$25.77	+32.3%	COM	039483102
LOW	Lowes Companies Inc.	97,582	$9.847M	3.4%	$39.86	+134.5%	COM	548661107
GOOG	Alphabet Inc. Class C	8,263	$8.931M	3.0%	$53.63	+6.8%	COM	02079K107
ORCL	Oracle Corporation	140,700	$8.016M	2.7%	$41.17	+19.4%	COM	68389X105
TSM	Taiwan Semiconductor	192,887	$7.555M	2.6%	$17.46	—	COM	874039100
RY	Royal Bank of Canada	85,314	$6.774M	2.3%	$58.56	+33.5%	COM	780087102
NVS	Novartis AG	71,081	$6.49M	2.2%	$75.49	—	COM	66987V109
WMT	Wal-Mart Stores, Inc.	56,115	$6.2M	2.1%	$20.05	+56.1%	COM	931142103
PEP	PepsiCo, Inc.	44,436	$5.827M	2.0%	$63.22	+65.7%	COM	713448108
ILMN	Illumina Inc	15,561	$5.729M	2.0%	$156.73	+101.5%	COM	452327109
JNJ	Johnson & Johnson	40,862	$5.692M	1.9%	$74.50	+54.0%	COM	478160104
—	Laboratory Corp of America	32,170	$5.562M	1.9%	$112.66	—	COM	50540R409
SJM	JM Smucker Co.	46,892	$5.402M	1.8%	$77.71	+26.6%	COM	832696405
CVX	Chevron Corp	40,029	$4.981M	1.7%	$70.95	+27.2%	COM	166764100
AMGN	Amgen Inc.	24,777	$4.566M	1.6%	$112.37	+30.1%	COM	031162100
MCD	McDonald's Corp.	20,586	$4.275M	1.5%	$75.70	+124.3%	COM	580135101
UNP	Union Pacific Corp.	24,310	$4.111M	1.4%	$93.38	+58.2%	COM	907818108
NEOG	Neogen Corporation	64,069	$3.979M	1.4%	$19.45	+51.5%	COM	640491106
CHD	Church & Dwight Co., Inc,	52,136	$3.809M	1.3%	$37.51	+83.2%	COM	171340102
TCEHY	Tencent Hldgs Ltd ADR	81,636	$3.695M	1.3%	$48.13	—	COM	88032Q109
PM	Philip Morris Intl	41,705	$3.275M	1.1%	$48.34	+20.5%	COM	718172109
NOK	Nokia Corp	602,065	$3.016M	1.0%	$5.66	—	COM	654902204
LLY	Eli Lilly & Co.	24,650	$2.731M	0.9%	$69.30	+55.9%	COM	532457108
IFF	International Flavors&Frag.	18,594	$2.698M	0.9%	$90.87	+28.0%	COM	459506101
HSY	Hershey Co.	20,000	$2.681M	0.9%	$70.38	+54.8%	COM	427866108
DIS	Walt Disney Company	18,007	$2.515M	0.9%	$98.80	+29.6%	COM	254687106
NKE	Nike Inc Cl B	29,500	$2.477M	0.8%	$59.62	+29.3%	COM	654106103
GOOGL	Alphabet Inc. Class A	2,192	$2.373M	0.8%	$46.42	+23.8%	COM	02079K305
T	AT&T Inc.	66,488	$2.228M	0.8%	$14.55	+3.7%	COM	00206R102
QCOM	Qualcomm Inc.	28,944	$2.202M	0.8%	$47.82	+31.1%	COM	747525103
NVO	Novo-Nordisk A/S	42,940	$2.192M	0.7%	$51.60	—	COM	670100205
HON	Honeywell Intl Inc	12,079	$2.109M	0.7%	$92.01	+50.7%	COM	438516106
XYZ	Square, Inc. CL A	26,600	$1.929M	0.7%	$66.88	+4.5%	COM	852234103
ADBE	Adobe Systems Inc.	6,375	$1.878M	0.6%	$254.05	+9.3%	COM	00724F101
ET	Energy Transfer LP	132,313	$1.863M	0.6%	$13.21	—	COM	29273V100
—	Super Micro Computer, Inc.	93,696	$1.813M	0.6%	$15.72	—	COM	86800U104
—	Xilinx Inc.	15,187	$1.791M	0.6%	$68.06	—	COM	983919101
CSCO	Cisco Systems Inc.	32,092	$1.756M	0.6%	$31.40	+43.9%	COM	17275R102
BABA	Alibaba Group Hldg Ltd Spon AD	9,665	$1.638M	0.6%	$165.42	—	COM	01609W102
BIIB	Biogen Inc.	7,000	$1.637M	0.6%	$287.35	-19.6%	COM	09062X103
—	Urstadt Biddle Prop cl A	76,590	$1.608M	0.5%	$20.00	—	COM	917286205
RHHBY	Roche Holdings Ltd	45,362	$1.592M	0.5%	$41.81	—	COM	771195104
NVDA	NVIDIA Corp	9,500	$1.56M	0.5%	$3.56	+15.4%	COM	67066G104
XOM	Exxon Mobil Corporation	20,102	$1.54M	0.5%	$54.39	+4.6%	COM	30231G102
—	Celgene Corp.	15,265	$1.411M	0.5%	$104.75	—	COM	151020104
MRK	Merck & Co. Inc.	16,468	$1.381M	0.5%	$42.62	+45.8%	COM	58933Y105
NFLX	Netflix Inc	3,625	$1.331M	0.5%	$29.93	+20.6%	COM	64110L106
PFE	Pfizer Inc.	30,532	$1.323M	0.5%	$21.23	+37.6%	COM	717081103
AXP	American Express Co.	10,365	$1.279M	0.4%	$62.43	+72.2%	COM	025816109
LMT	Lockheed Martin Corp.	3,495	$1.271M	0.4%	$178.87	+56.4%	COM	539830109
MMM	3M Company	7,141	$1.238M	0.4%	$96.83	+24.6%	COM	88579Y101
IBM	IBM Corp	8,175	$1.127M	0.4%	$95.53	+3.2%	COM	459200101
CSX	CSX Corporation	14,400	$1.114M	0.4%	$9.20	+156.0%	COM	126408103
GNTX	Gentex Corporation	44,972	$1.107M	0.4%	$17.11	+32.3%	COM	371901109
VTI	Vanguard Total Market ETF	7,289	$1.094M	0.4%	$131.84	—	COM	922908769
WRB	W.R. Berkley Corp	16,391	$1.081M	0.4%	$14.12	+67.1%	COM	084423102
—	Splunk Inc.	8,500	$1.069M	0.4%	$58.83	—	COM	848637104
GNRC	Generac Holdings Inc.	15,363	$1.066M	0.4%	$40.66	+43.7%	COM	368736104
USB	U.S. Bancorp	20,090	$1.053M	0.4%	$26.25	+48.3%	COM	902973304
TWLO	Twilio Inc.	7,500	$1.023M	0.3%	$29.98	+344.1%	COM	90138F102
EMR	Emerson Electric Co.	15,070	$1.005M	0.3%	$41.93	+37.1%	COM	291011104
FIS	Fidelity National Info Srv	8,018	$984K	0.3%	$34.36	+200.6%	COM	31620M106
ADSK	Autodesk Inc.	6,000	$977K	0.3%	$83.68	+100.9%	COM	052769106
VZ	Verizon Communications, Inc.	16,735	$956K	0.3%	$32.78	+22.1%	COM	92343V104
—	Red Hat, Inc.	5,000	$939K	0.3%	$82.80	—	COM	756577102
KO	Coca-Cola Company	16,903	$861K	0.3%	$30.66	+30.2%	COM	191216100
FITB	Fifth Third Bancorp	30,834	$860K	0.3%	$14.97	+40.7%	COM	316773100
CMI	Cummins Inc.	5,000	$857K	0.3%	$75.80	+82.3%	COM	231021106
BAC	Bank of America Corp	28,999	$841K	0.3%	$15.09	+62.3%	COM	060505104
CAT	Caterpillar Inc	6,000	$818K	0.3%	$65.81	+74.3%	COM	149123101
PAYX	Paychex, Inc.	9,750	$802K	0.3%	$37.56	+85.2%	COM	704326107
—	Alcon, Inc.	12,863	$798K	0.3%	$62.04	—	COM	H01301102
—	Seattle Genetics, Inc.	11,500	$796K	0.3%	$41.28	—	COM	812578102
PG	Procter & Gamble Co.	7,024	$770K	0.3%	$57.19	+58.2%	COM	742718109
XPO	XPO Logistics, Inc.	12,545	$725K	0.2%	$15.95	+27.7%	COM	983793100
CL	Colgate-Palmolive Co	10,000	$717K	0.2%	$52.34	+16.2%	COM	194162103
NSC	Norfolk Southern Corp	3,591	$716K	0.2%	$70.83	+144.7%	COM	655844108
—	Royal Dutch Shell PLC ADR Cl A	10,863	$707K	0.2%	$56.04	—	COM	780259206
BHP	BHP Billiton Limited	11,657	$677K	0.2%	$40.75	—	COM	088606108
ETN	Eaton Corporation, plc	8,000	$666K	0.2%	$45.44	+57.1%	COM	G29183103
MPLX	MPLX LP	19,658	$633K	0.2%	$39.13	—	COM	55336V100
—	Ensco plc cl A	71,458	$610K	0.2%	$3.93	—	COM	00BJVJZD6
ZBH	Zimmer Biomet Holdings, Inc.	5,056	$595K	0.2%	$89.62	+23.8%	COM	98956P102
BMY	Bristol-Myers Squibb Co.	12,849	$583K	0.2%	$38.25	-5.6%	COM	110122108
CMCSA	Comcast cl A	13,589	$575K	0.2%	$31.65	+12.3%	COM	20030N101
STT	State Street Corp	10,210	$572K	0.2%	$53.28	-6.1%	COM	857477103
FDX	FedEx Corp	3,365	$552K	0.2%	$197.28	-21.5%	COM	31428X106
NTR	Nutrien Ltd.	9,882	$528K	0.2%	$38.36	+8.6%	COM	67077M108
—	Blackstone Group LP	11,700	$520K	0.2%	$34.62	—	COM	09253U108
DUK	Duke Energy Corp	5,838	$515K	0.2%	$46.55	+45.6%	COM	26441C204
—	Nektar Therapeutics	14,100	$502K	0.2%	$25.43	—	COM	640268108
GLD	SPDR Gold Shares ETF	3,735	$498K	0.2%	$119.24	—	COM	78463V107
MA	Mastercard Inc.	1,855	$491K	0.2%	$111.06	+117.3%	COM	57636Q104
—	Blackrock Inc.	1,000	$469K	0.2%	$340.50	—	COM	09247X101
—	Cree Inc.	8,308	$467K	0.2%	$48.72	—	COM	225447101
SBR	Sabine Royalty Trust	9,594	$464K	0.2%	$47.33	—	COM	785688102
SHY	iShares 1-3 Year Treas Bond ET	5,450	$462K	0.2%	$84.42	—	COM	464287457
WPC	W.P. Carey Inc. REIT	5,500	$446K	0.2%	$64.26	—	COM	92936U109
VFH	Vanguard Financials ETF	6,412	$442K	0.2%	$67.97	—	COM	92204A405
WFC	Wells Fargo & Co	9,330	$441K	0.2%	$31.65	+23.5%	COM	949746101
PANW	Palo Alto Networks, Inc.	2,010	$410K	0.1%	$24.33	+53.8%	COM	697435105
KMB	Kimberly-Clark Corp.	3,045	$406K	0.1%	$76.31	+33.9%	COM	494368103
GILD	Gilead Sciences Inc.	5,819	$393K	0.1%	$67.86	-25.1%	COM	375558103
INTU	Intuit Inc.	1,498	$391K	0.1%	$55.84	+336.0%	COM	461202103
AES	AES Corporation	22,751	$381K	0.1%	$9.79	+36.6%	COM	00130H105
TIP	iShares TIPS Bond ETF	3,218	$372K	0.1%	$112.91	—	COM	464287176
FTS	Fortis Inc.	9,024	$356K	0.1%	$22.16	+32.8%	COM	349553107
—	Australia & NZ Bank	17,528	$348K	0.1%	$25.38	—	COM	052528304
AVY	Avery Dennison Corp.	3,000	$347K	0.1%	$53.99	+80.5%	COM	053611109
—	VISA Inc. Cl A	2,000	$347K	0.1%	$105.00	—	COM	92826c839
—	Invesco Ultra Short Duration E	6,860	$346K	0.1%	$50.32	—	COM	46090a887
EFA	iShares MSCI EAFE ETF	5,050	$332K	0.1%	$69.65	—	COM	464287465
TROW	T Rowe Price Group Inc	2,901	$318K	0.1%	$48.07	+67.4%	COM	74144T108
INTC	Intel Corporation	6,632	$317K	0.1%	$35.22	+22.4%	COM	458140100
MET	MetLife, Inc.	6,000	$298K	0.1%	$28.54	+31.7%	COM	59156R108
—	iShares MSCI China ETF	5,000	$297K	0.1%	$68.60	—	COM	46429b671
TMO	Thermo Fisher Scientific, Inc.	1,000	$294K	0.1%	$205.54	+31.7%	COM	883556102
GWW	W.W. Grainger Inc.	1,090	$292K	0.1%	$182.07	+41.5%	COM	384802104
EEM	iShares MSCI Emerging Mkts	6,800	$292K	0.1%	$37.32	—	COM	464287234
IJH	iShares Core S&P Mid-Cap ETF	1,470	$286K	0.1%	$184.58	—	COM	464287507
BRK/B	Berkshire Hathaway CL B	1,325	$282K	0.1%	$128.55	+61.0%	COM	084670702
GTX	Garrett Motion Inc.	18,069	$277K	0.1%	$15.45	+9.9%	COM	366505105
—	United Technologies Corp	2,127	$277K	0.1%	$106.55	—	COM	913017109
BK	Bank of New York Mellon Corp.	6,264	$277K	0.1%	$23.10	+67.9%	COM	064058100
ALL	Allstate Corporation	2,596	$264K	0.1%	$64.52	+29.4%	COM	020002101
AVGO	Broadcom Limited	913	$263K	0.1%	$19.38	+25.8%	COM	11135F101
ITW	Illinois Tool Works Inc.	1,740	$262K	0.1%	$51.35	+150.4%	COM	452308109
JCI	Johnson Controls, Inc.	6,267	$259K	0.1%	$29.58	+12.9%	COM	G51502105
—	CenturyLink	21,800	$256K	0.1%	$15.68	—	COM	156700106
—	Carrizo Oil & Gas Inc.	23,825	$239K	0.1%	$11.14	—	COM	144577103
MO	Altria Group Inc	4,906	$232K	0.1%	$16.76	+84.5%	COM	02209S103
VO	Vanguard Mid-Cap ETF	1,328	$222K	0.1%	$138.28	—	COM	922908629
TRV	The Travelers Companies	1,483	$222K	0.1%	$110.26	+13.4%	COM	89417E109
—	Symantec Corporation	10,000	$218K	0.1%	$18.90	—	COM	871503108
ADP	Automatic Data Processing Inc.	1,300	$215K	0.1%	$48.51	+190.6%	COM	053015103
AMT	American Tower Corporation	1,034	$211K	0.1%	$146.03	+15.2%	COM	03027X100
ADDYY	Adidas Salomon AG ADR	1,360	$210K	0.1%	$154.41	—	COM	00687A107
—	L-3 Communications	835	$205K	0.1%	$245.51	—	COM	502413107
MDU	MDU Resources Group	7,839	$202K	0.1%	$7.90	+1.1%	COM	552690109
—	Cloudera Inc.	37,563	$198K	0.1%	$10.94	—	COM	18914U100
MBIN	Merchants Bancorp Indiana	11,592	$197K	0.1%	$11.33	+11.7%	COM	58844R108
VOD	Vodafone Group PLC ADS	11,171	$182K	0.1%	$21.66	—	COM	92857W308
EVER	EverQuote, Inc.	10,000	$130K	0.0%	$10.40	0.0%	COM	30041R108
CRT	Cross Timbers Royalty	10,200	$129K	0.0%	$29.71	—	COM	22757R109
FKINX	Franklin Income Fund Cl A	16,268	$38,000	0.0%	$2.30	—	COM	353496300