Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WMT	Wal-Mart Stores Inc	3,384,037	$244M	20.9%	$19.99	+3.1%	COM	931142103
KO	Coca-Cola Company	1,155,302	$48.89M	4.2%	$28.05	+16.0%	COM	191216100
PG	Procter & Gamble Co	349,167	$31.34M	2.7%	$56.01	+20.5%	COM	742718109
XOM	Exxon Mobil	350,724	$30.61M	2.6%	$55.47	+5.5%	COM	30231G102
UPS	United Parcel Service Inc Cl B	257,552	$28.17M	2.4%	$57.80	+33.6%	COM	911312106
AAPL	Apple Inc	196,464	$22.21M	1.9%	$25.92	-6.5%	COM	037833100
AFL	AFLAC Inc	270,800	$19.46M	1.7%	$23.64	+23.7%	COM	001055102
MSFT	Microsoft Corp	328,259	$18.91M	1.6%	$31.03	+62.1%	COM	594918104
JNJ	Johnson & Johnson	152,070	$17.96M	1.5%	$66.40	+40.9%	COM	478160104
META	Facebook Inc	130,101	$16.69M	1.4%	$81.18	+51.9%	COM	30303M102
PEP	PepsiCo	146,336	$15.92M	1.4%	$67.19	+20.7%	COM	713448108
CL	Colgate-Palmolive Company	210,313	$15.59M	1.3%	$50.03	+18.7%	COM	194162103
MRK	Merck & Company Inc	220,061	$13.73M	1.2%	$39.61	+10.4%	COM	58933Y105
PAYX	Paychex Inc	232,042	$13.43M	1.1%	$36.29	+24.9%	COM	704326107
—	General Electric Company	445,366	$13.19M	1.1%	$24.81	—	COM	369604103
ABT	Abbott Laboratories	278,300	$11.77M	1.0%	$37.34	-3.2%	COM	002824100
AMGN	Amgen Inc	69,605	$11.61M	1.0%	$115.23	+10.8%	COM	031162100
INTC	Intel Corp	297,923	$11.25M	1.0%	$25.26	+13.3%	COM	458140100
VRTX	Vertex Pharmaceutical	128,010	$11.16M	1.0%	$112.68	-16.1%	COM	92532F100
PFE	Pfizer Inc	328,553	$11.13M	1.0%	$17.51	+27.1%	COM	717081103
JPM	J P Morgan Chase & Co	163,664	$10.9M	0.9%	$41.39	+22.9%	COM	46625H100
MMM	3M Company	59,140	$10.42M	0.9%	$96.05	+13.7%	COM	88579Y101
USB	U S Bancorp	241,500	$10.36M	0.9%	$25.80	+16.2%	COM	902973304
CVX	Chevron Corp	100,348	$10.33M	0.9%	$66.94	+2.3%	COM	166764100
CSCO	Cisco Systems Inc	323,800	$10.27M	0.9%	$19.93	+15.7%	COM	17275R102
CMCSA	Comcast Corp	152,822	$10.14M	0.9%	$20.10	+32.4%	COM	20030N101
SBUX	Starbucks Corp	185,650	$10.05M	0.9%	$38.98	+17.6%	COM	855244109
LOW	Lowes Companies Inc	137,122	$9.902M	0.8%	$44.20	+48.0%	COM	548661107
MDT	Medtronic Plc	108,696	$9.391M	0.8%	$58.09	+18.4%	COM	G5960L103
—	SunTrust Banks	206,200	$9.032M	0.8%	$35.93	—	COM	867914103
DIS	Walt Disney Company	96,166	$8.93M	0.8%	$78.75	+12.9%	COM	254687106
TXN	Texas Instruments	126,275	$8.862M	0.8%	$31.25	+68.5%	COM	882508104
—	B B & T Corp	231,355	$8.727M	0.7%	$38.81	—	COM	054937107
—	Maxim Integrated Prod	217,800	$8.697M	0.7%	$30.85	—	COM	57772K101
SPY	SPDR S&P 500 Trust	39,043	$8.445M	0.7%	$205.92	—	COM	78462F103
VFC	V F Corp	146,055	$8.186M	0.7%	$61.45	-6.0%	COM	918204108
—	Monsanto	77,310	$7.901M	0.7%	$103.18	—	COM	61166W101
WFC	Wells Fargo & Co	177,700	$7.869M	0.7%	$39.89	-7.7%	COM	949746101
PLD	ProLogis Inc	134,700	$7.212M	0.6%	$30.80	+31.2%	COM	74340W103
ABBV	AbbVie Inc	113,700	$7.171M	0.6%	$39.51	+11.2%	COM	00287Y109
DE	Deere & Company	81,920	$6.992M	0.6%	$71.76	-2.0%	COM	244199105
MCD	McDonalds Corp	58,400	$6.737M	0.6%	$72.15	+31.0%	COM	580135101
OXY	Occidental Petr Corp	91,265	$6.655M	0.6%	$56.04	+2.4%	COM	674599105
ORCL	Oracle Corp	167,900	$6.595M	0.6%	$32.32	+9.6%	COM	68389X105
COF	Capital One Financial	90,730	$6.517M	0.6%	$64.53	-9.7%	COM	14040H105
—	Celgene Corp	62,065	$6.488M	0.6%	$112.13	—	COM	151020104
HD	Home Depot	49,200	$6.331M	0.5%	$77.17	+37.8%	COM	437076102
T	AT&T Inc	151,402	$6.148M	0.5%	$11.90	+36.9%	COM	00206R102
CME	CME Group	58,655	$6.131M	0.5%	$62.48	+17.1%	COM	12572Q105
VZ	Verizon Communications Inc	117,937	$6.13M	0.5%	$27.34	+20.3%	COM	92343V104
YUM	YUM Brands	67,150	$6.098M	0.5%	$44.60	+20.8%	COM	988498101
JD	JD.com Inc ADS	230,000	$6.001M	0.5%	$31.01	—	COM	47215P106
SPG	Simon Property Group	28,742	$5.95M	0.5%	$113.13	+17.5%	COM	828806109
UNP	Union Pacific Corp	60,220	$5.873M	0.5%	$70.24	+8.1%	COM	907818108
NEE	NextEra Energy	47,485	$5.808M	0.5%	$19.72	+25.9%	COM	65339F101
BP	BP PLC	164,910	$5.798M	0.5%	$33.28	—	COM	055622104
MO	Altria Group	89,600	$5.665M	0.5%	$24.87	+39.8%	COM	02209S103
ADBE	Adobe	51,520	$5.592M	0.5%	$73.15	+37.2%	COM	00724F101
MA	Mastercard	54,860	$5.583M	0.5%	$83.74	+8.5%	COM	57636Q104
—	Johnson Controls Inc	117,181	$5.452M	0.5%	$39.63	—	COM	478366107
—	United Tech	53,282	$5.413M	0.5%	$95.67	—	COM	913017109
—	Harris Corp	57,200	$5.24M	0.4%	$77.64	—	COM	413875105
MPC	Marathon Petroleum Corp	125,070	$5.077M	0.4%	$30.54	-0.7%	COM	56585A102
ADSK	Autodesk	69,300	$5.012M	0.4%	$58.41	+7.9%	COM	052769106
ADP	Automatic Data	55,990	$4.938M	0.4%	$67.95	+9.0%	COM	053015103
IBM	Intl Business Machines Corp	31,001	$4.925M	0.4%	$96.47	+5.5%	COM	459200101
PSX	Phillips 66	61,137	$4.925M	0.4%	$55.14	-1.3%	COM	718546104
CVS	CVS Corp	55,230	$4.915M	0.4%	$55.40	+28.0%	COM	126650100
AXP	American Express Co	75,912	$4.861M	0.4%	$69.37	-18.8%	COM	025816109
BMY	Bristol Myers Squibb Company	89,096	$4.804M	0.4%	$37.57	+22.8%	COM	110122108
—	Crown Castle	50,965	$4.801M	0.4%	$91.64	—	COM	228227104
—	Alphabet Class A	5,820	$4.68M	0.4%	$705.33	—	COM	38259P508
—	Express Scripts	65,980	$4.654M	0.4%	$87.04	—	COM	302182100
IVZ	Invesco PLC	145,650	$4.554M	0.4%	$21.15	-9.7%	COM	G491BT108
UNH	UnitedHealth	32,387	$4.534M	0.4%	$102.85	+17.2%	COM	91324P102
SLB	Schlumberger Ltd	57,099	$4.49M	0.4%	$58.22	+4.2%	COM	806857108
COST	Costco Wholesale Corp	29,325	$4.472M	0.4%	$125.26	+9.3%	COM	22160K105
—	Anheuser-Busch Inbev	32,875	$4.32M	0.4%	$131.42	—	COM	035229103
AMT	American Tower REIT	35,600	$4.035M	0.3%	$74.98	+20.5%	COM	03027X100
GILD	Gilead Sciences	50,842	$4.023M	0.3%	$70.27	-17.8%	COM	375558103
MET	Metlife Inc	90,505	$4.021M	0.3%	$31.51	-13.1%	COM	59156R108
TGT	Target Corp	56,300	$3.867M	0.3%	$55.74	-2.5%	COM	87612E106
ITW	Illinois Tool Works	31,630	$3.791M	0.3%	$72.29	+28.5%	COM	452308109
NKE	Nike Inc Cl B	70,710	$3.723M	0.3%	$42.77	+16.9%	COM	654106103
PYPL	PayPal Hldg Inc	89,800	$3.679M	0.3%	$35.92	+6.8%	COM	70450Y103
PNC	PNC Finl	40,830	$3.678M	0.3%	$64.34	-1.6%	COM	693475105
BA	Boeing	27,751	$3.656M	0.3%	$127.45	-5.2%	COM	097023105
SO	Southern Co	69,500	$3.565M	0.3%	$30.06	+18.4%	COM	842587107
SCHW	Charles Schwab Corp	112,200	$3.542M	0.3%	$25.22	+3.2%	COM	808513105
VLO	Valero Energy	66,480	$3.523M	0.3%	$43.31	-15.2%	COM	91913Y100
TMO	Thermo Fisher Scientific	21,780	$3.464M	0.3%	$129.21	+16.2%	COM	883556102
PPL	PPL Corp	99,620	$3.444M	0.3%	$23.29	+1.5%	COM	69351T106
ZBH	Zimmer Biomet Hldgs	25,280	$3.287M	0.3%	$77.12	+48.4%	COM	98956P102
EPD	Enterprise Products Ptrs	112,710	$3.114M	0.3%	$29.50	—	COM	293792107
AAP	Advance Auto Parts	20,700	$3.087M	0.3%	$135.43	+3.4%	COM	00751Y106
AMP	Ameriprise Financial	30,850	$3.078M	0.3%	$85.97	-6.9%	COM	03076C106
SWK	Stanley Black & Decker	24,620	$3.028M	0.3%	$73.71	+28.0%	COM	854502101
FDX	FedEx	17,235	$3.011M	0.3%	$144.27	-2.3%	COM	31428X106
TROW	T Rowe Price Grp Inc	44,530	$2.961M	0.3%	$53.73	-8.0%	COM	74144T108
TJX	TJX Companies	38,350	$2.868M	0.2%	$30.89	+11.0%	COM	872540109
—	Praxair Inc	22,293	$2.694M	0.2%	$117.64	—	COM	74005P104
CSX	CSX Corp	87,779	$2.677M	0.2%	$7.88	+5.2%	COM	126408103
QCOM	Qualcomm Inc	38,993	$2.671M	0.2%	$46.11	+1.7%	COM	747525103
FISV	Fiserv	26,590	$2.645M	0.2%	$35.13	+49.3%	COM	337738108
LLY	Lilly Eli & Company	32,367	$2.598M	0.2%	$69.71	-1.6%	COM	532457108
BRK/B	Berkshire Hathaway Cl B	17,460	$2.522M	0.2%	$145.26	+0.7%	COM	084670702
DHR	Danaher Corp	31,525	$2.471M	0.2%	$35.59	+89.0%	COM	235851102
FAST	Fastenal Company	58,100	$2.427M	0.2%	$8.30	+0.2%	COM	311900104
HAS	Hasbro Inc	30,100	$2.388M	0.2%	$53.58	+10.4%	COM	418056107
VMC	Vulcan Materials	19,800	$2.252M	0.2%	$74.80	+45.3%	COM	929160109
TRV	The Travelers Companies	19,016	$2.178M	0.2%	$86.95	+9.6%	COM	89417E109
CAT	Caterpillar	21,830	$1.938M	0.2%	$62.75	+5.2%	COM	149123101
A	Agilent	39,550	$1.862M	0.2%	$36.91	+17.6%	COM	00846U101
MAR	Marriott Intl New Class A	27,500	$1.852M	0.2%	$64.65	0.0%	COM	571903202
CRM	Salesforce.com Inc	25,790	$1.84M	0.2%	$68.63	+12.3%	COM	79466L302
HIG	Hartford Finl	41,940	$1.796M	0.2%	$34.43	-0.8%	COM	416515104
PM	Philip Morris	17,975	$1.748M	0.1%	$47.83	+30.2%	COM	718172109
EBAY	eBay	50,700	$1.668M	0.1%	$20.74	+29.6%	COM	278642103
INTU	Intuit	15,150	$1.667M	0.1%	$70.15	+48.7%	COM	461202103
—	Duke Energy Hldg	20,600	$1.649M	0.1%	$80.05	—	COM	26441C105
FLR	Fluor	31,600	$1.622M	0.1%	$49.71	-4.4%	COM	343412102
—	Stericycle	20,185	$1.618M	0.1%	$125.20	—	COM	858912108
FITB	Fifth Third Bancorp	78,540	$1.607M	0.1%	$12.69	+9.0%	COM	316773100
D	Dominion Res	20,278	$1.506M	0.1%	$45.42	+11.5%	COM	25746U109
—	Coach Inc	36,000	$1.316M	0.1%	$39.32	—	COM	189754104
—	Cigna	9,900	$1.29M	0.1%	$76.42	—	COM	125509109
IWM	iShares Russell 2000 ETF	10,245	$1.273M	0.1%	$120.18	—	COM	464287655
EOG	EOG Resources	12,660	$1.224M	0.1%	$63.94	+1.9%	COM	26875P101
BAC	Bank Of America	77,800	$1.218M	0.1%	$12.66	-4.7%	COM	060505104
MCK	McKesson	7,250	$1.209M	0.1%	$166.54	+3.9%	COM	58155Q103
GS	Goldman Sachs	7,200	$1.161M	0.1%	$143.25	-6.6%	COM	38141G104
—	Aetna	10,000	$1.154M	0.1%	$112.96	—	COM	00817Y108
—	Barnes Group	27,500	$1.115M	0.1%	$35.47	—	COM	067861096
APD	Air Products & Chemicals	7,400	$1.113M	0.1%	$105.76	+3.9%	COM	009158106
AMZN	Amazon	1,300	$1.089M	0.1%	$18.83	+103.2%	COM	023135106
HON	Honeywell	9,245	$1.078M	0.1%	$73.59	+16.9%	COM	438516106
—	Tiffany & Co	14,800	$1.075M	0.1%	$84.78	—	COM	886547108
—	Flowserve Corp	21,250	$1.025M	0.1%	$44.87	—	COM	34354p105
FDS	FactSet Research Systems	6,260	$1.015M	0.1%	$145.12	+7.8%	COM	303075105
EMR	Emerson Electric Company	17,667	$963K	0.1%	$42.94	-1.5%	COM	291011104
—	Morgan Stanley Group	29,750	$954K	0.1%	$33.26	—	COM	59935P100
—	DuPont De Nemours & Co	13,200	$884K	0.1%	$57.07	—	COM	263534109
—	Ashland Inc	7,580	$879K	0.1%	$115.96	—	COM	044209104
MCHP	Microchip	13,950	$867K	0.1%	$20.75	+17.6%	COM	595017104
—	UBS AG	61,700	$840K	0.1%	$19.22	—	COM	H89231388
FTV	Fortive Corp	15,762	$802K	0.1%	$30.87	0.0%	COM	34959J108
ELV	Anthem Inc	6,378	$799K	0.1%	$117.28	-3.0%	COM	036752103
NSC	Norfolk Southern	8,050	$781K	0.1%	$64.19	+17.1%	COM	655844108
—	GlaxoSmithkline	16,771	$723K	0.1%	$44.59	—	COM	37733W105
—	Dow Chemical	13,300	$689K	0.1%	$38.04	—	COM	260543103
—	Whole Foods Market	23,500	$666K	0.1%	$39.98	—	COM	966837106
—	Time Warner Inc	8,200	$653K	0.1%	$84.43	—	COM	887315109
—	Ford Motor	48,435	$585K	0.1%	$15.33	—	COM	345370100
STT	State Street Corp	8,265	$575K	0.0%	$55.18	-9.9%	COM	857477103
ETN	Eaton Corp	8,631	$567K	0.0%	$50.75	+4.2%	COM	G29183103
—	Apache	8,800	$562K	0.0%	$40.50	—	COM	037411105
COP	ConocoPhillips	12,900	$561K	0.0%	$41.21	-24.5%	COM	20825C104
EFA	iShares MSCI EAFE ETF	9,051	$535K	0.0%	$63.55	—	COM	464287465
NOC	Northrop Grumman Corp	2,487	$532K	0.0%	$154.07	+20.9%	COM	666807102
XYZ	Square Inc	45,208	$527K	0.0%	$10.92	0.0%	COM	852234103
—	Dell Technologies class V	10,981	$525K	0.0%	$47.81	—	COM	24703L103
PRGS	Progress Software	18,850	$513K	0.0%	$26.46	+8.0%	COM	743312100
—	W R Grace & Co	6,600	$487K	0.0%	$98.94	—	COM	38388F108
—	Intercontinental Exchange	1,800	$485K	0.0%	$233.33	—	COM	45865V100
FSLR	First Solar Inc	12,100	$478K	0.0%	$51.35	-19.4%	COM	336433107
SEE	Sealed Air	9,200	$422K	0.0%	$37.03	+7.9%	COM	81211K100
—	Energy Transfer Ptrs LP	11,224	$415K	0.0%	$50.25	—	COM	29273R109
NFLX	Netflix	4,200	$414K	0.0%	$10.07	-5.2%	COM	64110L106
—	Reynolds American	8,528	$402K	0.0%	$56.93	—	COM	761713106
—	Marathon Oil	25,050	$396K	0.0%	$26.12	—	COM	565849106
TD	Toronto-Dominion Bank	8,600	$382K	0.0%	$42.97	+2.0%	COM	891160509
HAL	Halliburton	8,500	$381K	0.0%	$50.09	-27.4%	COM	406216101
AEP	American Electric Power	5,500	$353K	0.0%	$40.21	+20.2%	COM	025537101
—	Xilinx	6,250	$340K	0.0%	$41.29	—	COM	983919101
SYY	Sysco Corp	6,700	$328K	0.0%	$26.34	+52.8%	COM	871829107
BOH	Bank of Hawaii	4,115	$299K	0.0%	$48.33	+2.6%	COM	062540109
HSY	Hershey Company	3,100	$296K	0.0%	$78.03	+8.5%	COM	427866108
SJM	J M Smucker Co	2,100	$285K	0.0%	$81.72	+34.5%	COM	832696405
NVS	Novartis AG	3,600	$284K	0.0%	$90.76	—	COM	66987V109
—	SPDR S&P MidCap 400 ETF	946	$267K	0.0%	$277.12	—	COM	595635103
KMB	Kimberly-Clark	2,100	$265K	0.0%	$76.78	+21.8%	COM	494368103
—	Buckeye Partners LP	3,700	$265K	0.0%	$67.84	—	COM	118230101
LMT	Lockheed Martin	1,100	$264K	0.0%	$165.21	+17.9%	COM	539830109
IP	Intl Paper	5,471	$262K	0.0%	$22.81	+29.4%	COM	460146103
MDLZ	Mondelez Intl	5,919	$260K	0.0%	$28.46	+23.7%	COM	609207105
NEU	Newmarket Corp	600	$258K	0.0%	$367.39	-3.5%	COM	651587107
GM	General Motors Company	8,100	$257K	0.0%	$25.74	+0.5%	COM	37045V100
EEM	IShares MSCI Emerging Mkts ETF	6,730	$252K	0.0%	$34.33	—	COM	464287234
—	SPDR DJIA ETF Trust	1,300	$238K	0.0%	$177.69	—	COM	252787106
ED	Consolidated Edison	3,000	$226K	0.0%	$49.79	+11.4%	COM	209115104
KMI	Kinder Morgan	9,747	$225K	0.0%	$10.91	+19.7%	COM	49456B101
SYK	Stryker	1,900	$221K	0.0%	$82.04	+27.9%	COM	863667101
—	Blackstone Group	8,500	$217K	0.0%	$29.29	—	COM	09253U108
—	Amer Capital Strategies LTD	12,747	$216K	0.0%	$14.83	—	COM	024937104
CMI	Cummins	1,620	$208K	0.0%	$74.19	+27.7%	COM	231021106
—	Bed Bath & Beyond	4,800	$207K	0.0%	$67.71	—	COM	075896100
SFM	Sprouts Farmers Market, Inc.	10,000	$206K	0.0%	$25.59	-13.3%	COM	85208M102
—	Southwestern Energy	11,100	$154K	0.0%	$23.22	—	COM	845467109
—	America Movil S.A.B.	10,000	$114K	0.0%	$20.50	—	COM	02364W105
QMDT	Quick-Med Technologics	100,577	$1,000	0.0%	$0.01	+0.8%	COM	74837Q106