Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WMT	Wal-Mart Stores Inc	3,305,418	$250M	19.5%	$19.99	+10.2%	COM	931142103
KO	Coca-Cola Company	1,231,531	$55.23M	4.3%	$28.29	+19.0%	COM	191216100
AAPL	Apple Inc	259,025	$37.3M	2.9%	$28.63	+19.9%	COM	037833100
XOM	Exxon Mobil	417,062	$33.67M	2.6%	$55.47	+0.0%	COM	30231G102
META	Facebook Inc	221,400	$33.43M	2.6%	$102.91	+43.5%	COM	30303M102
PG	Procter & Gamble Co	317,203	$27.64M	2.2%	$56.18	+24.9%	COM	742718109
MSFT	Microsoft Corp	314,843	$21.7M	1.7%	$31.03	+100.8%	COM	594918104
JNJ	Johnson & Johnson	136,958	$18.12M	1.4%	$66.40	+51.2%	COM	478160104
PEP	PepsiCo	142,511	$16.46M	1.3%	$67.45	+30.7%	COM	713448108
UPS	United Parcel Service Inc Cl B	140,042	$15.49M	1.2%	$57.80	+33.8%	COM	911312106
AMGN	Amgen Inc	89,537	$15.42M	1.2%	$117.91	+6.3%	COM	031162100
SBUX	Starbucks Corp	262,505	$15.31M	1.2%	$41.48	+21.0%	COM	855244109
MRK	Merck & Company Inc	230,561	$14.78M	1.2%	$39.87	+16.7%	COM	58933Y105
PAYX	Paychex Inc	253,578	$14.44M	1.1%	$37.08	+22.5%	COM	704326107
VRTX	Vertex Pharmaceutical	108,868	$14.03M	1.1%	$114.22	+5.4%	COM	92532F100
—	Alphabet Class A	15,079	$14.02M	1.1%	$824.48	—	COM	38259P508
ABT	Abbott Laboratories	279,623	$13.59M	1.1%	$37.34	+4.2%	COM	002824100
MMM	3M Company	63,577	$13.24M	1.0%	$97.47	+27.9%	COM	88579Y101
SPGI	S&P Global Inc.	90,000	$13.14M	1.0%	$128.56	0.0%	COM	78409V104
QCOM	Qualcomm Inc	234,505	$12.95M	1.0%	$45.12	-1.9%	COM	747525103
CMCSA	Comcast Corp	316,113	$12.3M	1.0%	$25.30	+26.1%	COM	20030N101
LOW	Lowes Companies Inc	157,818	$12.24M	1.0%	$50.52	+38.0%	COM	548661107
—	General Electric Company	439,987	$11.88M	0.9%	$24.81	—	COM	369604103
USB	U S Bancorp	224,362	$11.65M	0.9%	$25.80	+43.3%	COM	902973304
CSCO	Cisco Systems Inc	364,395	$11.41M	0.9%	$20.35	+23.1%	COM	17275R102
—	SunTrust Banks	199,000	$11.29M	0.9%	$35.93	—	COM	867914103
JPM	J P Morgan Chase & Co	122,654	$11.21M	0.9%	$42.04	+63.0%	COM	46625H100
INTC	Intel Corp	328,245	$11.07M	0.9%	$25.67	+15.2%	COM	458140100
—	United Tech	90,087	$11M	0.9%	$102.33	—	COM	913017109
ORCL	Oracle Corp	219,150	$10.99M	0.9%	$34.01	+17.9%	COM	68389X105
PFE	Pfizer Inc	310,372	$10.43M	0.8%	$17.80	+21.3%	COM	717081103
JD	JD.com Inc ADS	265,500	$10.41M	0.8%	$29.32	—	COM	47215P106
DIS	Walt Disney Company	95,481	$10.14M	0.8%	$80.30	+27.6%	COM	254687106
—	B B & T Corp	222,773	$10.12M	0.8%	$39.15	—	COM	054937107
CVX	Chevron Corp	96,821	$10.1M	0.8%	$67.90	+7.8%	COM	166764100
AFL	AFLAC Inc	127,000	$9.865M	0.8%	$23.75	+29.4%	COM	001055102
—	Maxim Integrated Prod	214,501	$9.631M	0.7%	$30.98	—	COM	57772K101
SPY	SPDR S&P 500 Trust	39,636	$9.584M	0.7%	$206.75	—	COM	78462F103
TXN	Texas Instruments	123,800	$9.524M	0.7%	$31.65	+99.5%	COM	882508104
MDT	Medtronic Plc	106,052	$9.412M	0.7%	$58.16	+16.3%	COM	G5960L103
CVS	CVS Corp	115,170	$9.267M	0.7%	$58.06	+3.9%	COM	126650100
—	Monsanto	75,140	$8.894M	0.7%	$103.18	—	COM	61166W101
WFC	Wells Fargo & Co	157,064	$8.703M	0.7%	$39.89	+5.7%	COM	949746101
—	Celgene Corp	64,318	$8.353M	0.7%	$112.85	—	COM	151020104
HAS	Hasbro Inc	72,630	$8.099M	0.6%	$62.30	+22.8%	COM	418056107
PM	Philip Morris	67,306	$7.905M	0.6%	$58.99	+25.9%	COM	718172109
BMY	Bristol Myers Squibb Company	132,246	$7.369M	0.6%	$38.24	+4.3%	COM	110122108
CL	Colgate-Palmolive Company	97,290	$7.212M	0.6%	$50.03	+21.2%	COM	194162103
COF	Capital One Financial	84,995	$7.022M	0.5%	$64.53	+8.4%	COM	14040H105
VZ	Verizon Communications Inc	155,315	$6.936M	0.5%	$28.47	+3.7%	COM	92343V104
AXP	American Express Co	79,827	$6.725M	0.5%	$69.23	+1.5%	COM	025816109
VFC	V F Corp	115,623	$6.66M	0.5%	$61.09	-15.5%	COM	918204108
CME	CME Group	51,580	$6.46M	0.5%	$62.48	+40.1%	COM	12572Q105
YUM	YUM Brands	87,430	$6.449M	0.5%	$48.01	+24.2%	COM	988498101
PSX	Phillips 66	77,105	$6.376M	0.5%	$55.85	+0.8%	COM	718546104
SLB	Schlumberger Ltd	92,750	$6.107M	0.5%	$59.96	-6.9%	COM	806857108
MPC	Marathon Petroleum Corp	116,210	$6.081M	0.5%	$30.64	+29.0%	COM	56585A102
T	AT&T Inc	160,260	$6.047M	0.5%	$12.07	+31.9%	COM	00206R102
—	Johnson Controls Inc	131,900	$5.719M	0.4%	$39.82	—	COM	478366107
ADP	Automatic Data	54,540	$5.588M	0.4%	$68.17	+23.6%	COM	053015103
IVZ	Invesco PLC	158,300	$5.571M	0.4%	$21.15	+3.0%	COM	G491BT108
PYPL	PayPal Hldg Inc	103,430	$5.551M	0.4%	$37.15	+32.0%	COM	70450Y103
MA	Mastercard	45,195	$5.489M	0.4%	$84.08	+34.5%	COM	57636Q104
CRM	Salesforce.com Inc	63,170	$5.471M	0.4%	$78.15	+10.1%	COM	79466L302
OXY	Occidental Petr Corp	91,354	$5.469M	0.4%	$55.95	-13.3%	COM	674599105
PLD	ProLogis Inc	89,900	$5.272M	0.4%	$30.80	+42.0%	COM	74340W103
NKE	Nike Inc Cl B	87,930	$5.188M	0.4%	$43.89	+9.9%	COM	654106103
—	Cerner Corporation	76,130	$5.06M	0.4%	$54.66	—	COM	156782104
UNH	UnitedHealth	27,125	$5.03M	0.4%	$105.53	+44.7%	COM	91324P102
FTV	Fortive Corp	78,202	$4.954M	0.4%	$36.69	+3.5%	COM	34959J108
—	Anheuser-Busch Inbev	44,080	$4.865M	0.4%	$125.69	—	COM	035229103
—	Coach Inc	102,500	$4.852M	0.4%	$37.03	—	COM	189754104
FAST	Fastenal Company	111,351	$4.847M	0.4%	$8.66	+3.5%	COM	311900104
BYD	Boyd Gaming Corp	195,000	$4.838M	0.4%	$22.60	0.0%	COM	103304101
IBM	Intl Business Machines Corp	30,890	$4.752M	0.4%	$98.72	+5.1%	COM	459200101
—	Crown Castle	46,660	$4.674M	0.4%	$91.64	—	COM	228227104
—	Duke Energy Hldg	55,913	$4.674M	0.4%	$81.59	—	COM	26441C105
ADBE	Adobe	32,090	$4.539M	0.4%	$73.15	+87.2%	COM	00724F101
MET	Metlife Inc	81,100	$4.456M	0.3%	$31.59	+9.6%	COM	59156R108
TMO	Thermo Fisher Scientific	25,480	$4.445M	0.3%	$133.64	+22.8%	COM	883556102
SPG	Simon Property Group	27,242	$4.407M	0.3%	$112.94	-9.1%	COM	828806109
SCHW	Charles Schwab Corp	102,300	$4.395M	0.3%	$25.91	+38.0%	COM	808513105
UNP	Union Pacific Corp	39,130	$4.262M	0.3%	$71.10	+26.7%	COM	907818108
AMT	American Tower REIT	31,600	$4.181M	0.3%	$75.94	+35.5%	COM	03027X100
FISV	Fiserv	31,880	$3.9M	0.3%	$38.52	+57.0%	COM	337738108
ITW	Illinois Tool Works	26,210	$3.755M	0.3%	$72.29	+56.7%	COM	452308109
DE	Deere & Company	29,955	$3.702M	0.3%	$71.76	+43.2%	COM	244199105
—	Express Scripts	57,040	$3.641M	0.3%	$87.04	—	COM	302182100
PNC	PNC Finl	28,480	$3.556M	0.3%	$65.25	+38.4%	COM	693475105
HD	Home Depot	22,726	$3.486M	0.3%	$79.65	+56.3%	COM	437076102
SWK	Stanley Black & Decker	24,620	$3.465M	0.3%	$73.71	+47.5%	COM	854502101
—	Alphabet Class C	3,800	$3.453M	0.3%	$908.68	—	COM	38259P706
SNY	Sanofi	71,900	$3.445M	0.3%	$41.48	—	COM	80105N105
SO	Southern Co	69,001	$3.304M	0.3%	$30.06	+16.7%	COM	842587107
FDX	FedEx	15,135	$3.289M	0.3%	$144.27	+18.5%	COM	31428X106
BA	Boeing	16,471	$3.257M	0.3%	$127.45	+37.2%	COM	097023105
CSX	CSX Corp	58,855	$3.211M	0.3%	$7.88	+93.4%	COM	126408103
TROW	T Rowe Price Grp Inc	42,530	$3.156M	0.2%	$53.69	-3.4%	COM	74144T108
VLO	Valero Energy	46,350	$3.127M	0.2%	$43.31	+6.3%	COM	91913Y100
AMP	Ameriprise Financial	24,050	$3.061M	0.2%	$85.97	+24.8%	COM	03076C106
XYZ	Square Inc	129,800	$3.045M	0.2%	$16.66	+24.1%	COM	852234103
TRV	The Travelers Companies	23,316	$2.95M	0.2%	$89.57	+13.7%	COM	89417E109
DHR	Danaher Corp	33,855	$2.857M	0.2%	$40.81	+75.9%	COM	235851102
EPD	Enterprise Products Ptrs	105,410	$2.855M	0.2%	$29.50	—	COM	293792107
—	Yum China Holdings Inc	69,320	$2.733M	0.2%	$32.97	—	COM	95580P109
INTU	Intuit	20,505	$2.723M	0.2%	$85.62	+42.5%	COM	461202103
—	Praxair Inc	20,353	$2.698M	0.2%	$117.64	—	COM	74005P104
LLY	Lilly Eli & Company	31,967	$2.631M	0.2%	$69.71	+2.3%	COM	532457108
TJX	TJX Companies	35,050	$2.53M	0.2%	$30.95	+7.9%	COM	872540109
MAR	Marriott Intl New Class A	24,740	$2.482M	0.2%	$64.65	+43.7%	COM	571903202
CAT	Caterpillar	22,130	$2.378M	0.2%	$63.72	+31.9%	COM	149123101
AAP	Advance Auto Parts	18,500	$2.157M	0.2%	$135.43	-11.1%	COM	00751Y106
ACN	Accenture Ltd	16,775	$2.075M	0.2%	$107.12	0.0%	COM	G1151C101
HIG	Hartford Finl	37,900	$1.992M	0.2%	$34.43	+19.2%	COM	416515104
MO	Altria Group	26,685	$1.987M	0.2%	$26.55	+48.0%	COM	02209S103
D	Dominion Res	25,676	$1.968M	0.2%	$46.38	+15.9%	COM	25746U109
A	Agilent	33,150	$1.966M	0.2%	$39.09	+36.6%	COM	00846U101
EOG	EOG Resources	21,510	$1.947M	0.2%	$67.64	+1.5%	COM	26875P101
GS	Goldman Sachs	8,400	$1.864M	0.1%	$153.59	+20.2%	COM	38141G104
FITB	Fifth Third Bancorp	71,140	$1.847M	0.1%	$12.69	+42.0%	COM	316773100
HON	Honeywell	13,365	$1.781M	0.1%	$84.32	+17.1%	COM	438516106
FLR	Fluor	38,400	$1.758M	0.1%	$48.93	-8.8%	COM	343412102
ABBV	AbbVie Inc	23,670	$1.716M	0.1%	$39.57	+18.7%	COM	00287Y109
AEP	American Electric Power	23,600	$1.639M	0.1%	$46.80	+9.6%	COM	025537101
—	Cigna	9,700	$1.624M	0.1%	$76.42	—	COM	125509109
BAC	Bank Of America	64,843	$1.573M	0.1%	$13.93	+37.1%	COM	060505104
FDS	FactSet Research Systems	9,460	$1.572M	0.1%	$146.23	+2.4%	COM	303075105
COP	ConocoPhillips	34,800	$1.53M	0.1%	$37.97	-6.5%	COM	20825C104
AMZN	Amazon	1,500	$1.452M	0.1%	$22.68	+110.3%	COM	023135106
EBAY	eBay	40,300	$1.407M	0.1%	$20.74	+46.9%	COM	278642103
—	Barnes Group	24,000	$1.405M	0.1%	$35.47	—	COM	067861096
—	Aetna	8,850	$1.344M	0.1%	$112.96	—	COM	00817Y108
BRK/B	Berkshire Hathaway Cl B	7,929	$1.343M	0.1%	$145.26	+14.5%	COM	084670702
COST	Costco Wholesale Corp	8,195	$1.311M	0.1%	$125.26	+20.5%	COM	22160K105
IWM	iShares Russell 2000 ETF	9,290	$1.309M	0.1%	$120.18	—	COM	464287655
—	UBS AG	75,067	$1.275M	0.1%	$18.65	—	COM	H89231388
MCHP	Microchip	16,175	$1.248M	0.1%	$22.41	+49.6%	COM	595017104
—	Morgan Stanley Group	27,200	$1.212M	0.1%	$34.01	—	COM	59935P100
AMG	Affiliated Managers Group, Inc	6,947	$1.152M	0.1%	$153.31	+1.0%	COM	008252108
MDLZ	Mondelez Intl	26,160	$1.13M	0.1%	$33.46	+9.6%	COM	609207105
—	Tiffany & Co	12,000	$1.126M	0.1%	$84.78	—	COM	886547108
—	DuPont De Nemours & Co	13,200	$1.065M	0.1%	$57.44	—	COM	263534109
—	Iron Mountain	30,708	$1.055M	0.1%	$35.66	—	COM	462846106
PPL	PPL Corp	26,950	$1.042M	0.1%	$23.29	+12.8%	COM	69351T106
—	Flowserve Corp	22,050	$1.024M	0.1%	$44.96	—	COM	34354p105
NEE	NextEra Energy	7,200	$1.009M	0.1%	$19.72	+39.7%	COM	65339F101
NSC	Norfolk Southern	7,200	$876K	0.1%	$64.19	+53.9%	COM	655844108
APD	Air Products & Chemicals	5,700	$815K	0.1%	$105.76	+8.6%	COM	009158106
GILD	Gilead Sciences	11,250	$796K	0.1%	$70.27	-31.2%	COM	375558103
BP	BP PLC	22,710	$787K	0.1%	$33.49	—	COM	055622104
MCK	McKesson	4,700	$773K	0.1%	$166.54	-15.0%	COM	58155Q103
—	Time Warner Inc	7,700	$773K	0.1%	$84.43	—	COM	887315109
EMR	Emerson Electric Company	12,240	$730K	0.1%	$42.94	+11.8%	COM	291011104
—	Dow Chemical	11,500	$725K	0.1%	$38.04	—	COM	260543103
STT	State Street Corp	7,965	$715K	0.1%	$55.18	+16.4%	COM	857477103
KHC	Kraft Heinz Co	7,734	$662K	0.1%	$56.47	+7.6%	COM	500754106
MCD	McDonalds Corp	4,200	$643K	0.1%	$73.74	+59.9%	COM	580135101
NFLX	Netflix	4,200	$628K	0.0%	$10.07	+52.8%	COM	64110L106
—	GlaxoSmithkline	13,401	$578K	0.0%	$44.33	—	COM	37733W105
—	Intercontinental Exchange	8,600	$567K	0.0%	$91.82	—	COM	45865V100
—	Harris Corp	5,000	$545K	0.0%	$77.64	—	COM	413875105
—	Ford Motor	47,435	$531K	0.0%	$15.33	—	COM	345370100
EFA	iShares EAFE ETF	8,151	$531K	0.0%	$63.54	—	COM	464287465
BK	Bank of N.Y.	10,100	$515K	0.0%	$37.42	+1.4%	COM	064058100
—	Whole Foods Market	12,100	$510K	0.0%	$39.79	—	COM	966837106
ETN	Eaton Corp	6,526	$508K	0.0%	$51.21	+24.9%	COM	G29183103
ELV	Anthem Inc	2,700	$508K	0.0%	$117.28	+36.8%	COM	036752103
—	Ashland Inc	7,580	$500K	0.0%	$115.96	—	COM	044209104
FSLR	First Solar Inc	12,100	$483K	0.0%	$49.82	-31.8%	COM	336433107
—	W R Grace & Co	6,600	$475K	0.0%	$98.94	—	COM	38388F108
BABA	Alibaba Group Holding	3,200	$451K	0.0%	$107.81	—	COM	01609W102
SEE	Sealed Air	9,200	$412K	0.0%	$37.03	+2.3%	COM	81211K100
—	Bemis Co Inc	8,529	$394K	0.0%	$48.89	—	COM	081437105
BOH	Bank of Hawaii	4,587	$381K	0.0%	$49.30	+17.8%	COM	062540109
NOC	Northrop Grumman Corp	1,400	$359K	0.0%	$154.07	+41.2%	COM	666807102
—	Energy Transfer Ptrs LP	16,836	$343K	0.0%	$40.29	—	COM	29273R109
—	Ingersoll-Rand PLC	3,500	$320K	0.0%	$77.35	—	COM	G47791101
PRGS	Progress Software	10,230	$316K	0.0%	$26.46	+11.9%	COM	743312100
ADSK	Autodesk	3,000	$302K	0.0%	$58.41	+69.4%	COM	052769106
NVS	Novartis AG	3,600	$300K	0.0%	$90.76	—	COM	66987V109
—	Xilinx	4,550	$293K	0.0%	$41.29	—	COM	983919101
—	Marathon Oil	24,250	$287K	0.0%	$26.12	—	COM	565849106
—	Goldcorp	22,072	$285K	0.0%	$14.59	—	COM	380956409
NEU	Newmarket Corp	600	$276K	0.0%	$367.39	+5.7%	COM	651587107
EEM	IShares MSCI Emerging Mkts ETF	6,675	$276K	0.0%	$35.04	—	COM	464287234
SYK	Stryker	1,900	$264K	0.0%	$82.04	+52.1%	COM	863667101
CMI	Cummins	1,620	$263K	0.0%	$74.19	+66.8%	COM	231021106
KMB	Kimberly-Clark	2,000	$258K	0.0%	$76.78	+25.3%	COM	494368103
—	SPDR DJIA ETF Trust	1,200	$256K	0.0%	$177.69	—	COM	252787106
LMT	Lockheed Martin	900	$250K	0.0%	$165.21	+32.2%	COM	539830109
ED	Consolidated Edison	3,000	$242K	0.0%	$49.79	+19.1%	COM	209115104
—	Buckeye Partners LP	3,700	$237K	0.0%	$67.84	—	COM	118230101
ZBH	Zimmer Biomet Hldgs	1,800	$231K	0.0%	$78.60	+40.6%	COM	98956P102
SFM	Sprouts Farmers Market, Inc.	10,000	$227K	0.0%	$25.59	-9.5%	COM	85208M102
FBIN	Fortune Brands Home & Sec	3,200	$209K	0.0%	$47.60	0.0%	COM	34964C106
ALB	Albemarle Corp	1,900	$201K	0.0%	$86.27	+12.1%	COM	012653101
—	Intrexon Corporation	8,341	$201K	0.0%	$24.10	—	COM	46122T102
—	Southwestern Energy	11,100	$67,000	0.0%	$23.22	—	COM	845467109
QMDT	Quick-Med Technologics	100,577	$4,000	0.0%	$0.01	+335.7%	COM	74837Q106