Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL CL	466,542	$52.96M	6.1%	$113.51	$110.11	+4.8%	COM	084670702
XOM	EXXON MOBIL CORP	480,660	$41.36M	4.8%	$86.04 *	$53.69	+0.9%	COM	30231G102
NSRGY	NESTLE SA SPON ADR REPSTG REG	457,299	$31.83M	3.7%	$69.60	$65.93	—	COM	641069406
IBM	INTERNATIONAL BUSINESS MACHINE	152,796	$28.3M	3.3%	$185.18 *	$118.21	-5.6%	COM	459200101
MA	MASTERCARD INC-CLASS A	39,134	$26.33M	3.1%	$672.79 *	$51.61	+13.0%	COM	57636Q104
KO	COCA - COLA CO	665,122	$25.2M	2.9%	$37.88 *	$27.82	-3.8%	COM	191216100
MKL	MARKEL CORP	48,245	$24.98M	2.9%	$517.77	$523.67	+0.3%	COM	570535104
EMR	EMERSON ELECTRIC CO	377,570	$24.43M	2.8%	$64.70 *	$40.02	+9.5%	COM	291011104
AXP	AMERICAN EXPRESS CO	314,692	$23.77M	2.8%	$75.52 *	$59.66	+6.0%	COM	025816109
BDX	BECTON DICKINSON & CO	227,314	$22.74M	2.6%	$100.02 *	$78.14	+3.1%	COM	075887109
DEO	DIAGEO PLC SPONSORED ADR NEW	174,352	$22.16M	2.6%	$127.08	$115.24	—	COM	25243Q205
DE	DEERE & CO	260,862	$21.23M	2.5%	$81.39 *	$67.99	-3.0%	COM	244199105
SJM	SMUCKER J M CO	198,131	$20.81M	2.4%	$105.04 *	$70.96	+6.7%	COM	832696405
NVS	NOVARTIS AG-ADR	270,745	$20.77M	2.4%	$76.71	$70.86	—	COM	66987V109
BF/B	BROWN FORMAN CORP CL B	298,196	$20.32M	2.4%	$68.13 *	$22.68	+0.6%	COM	115637209
—	GOOGLE INC - CL A	22,764	$19.94M	2.3%	$875.90	$879.95	—	COM	38259P508
CL	COLGATE-PALMOLIVE CO	336,130	$19.93M	2.3%	$59.30 *	$44.39	+0.4%	COM	194162103
L	LOEWS CORP	423,272	$19.78M	2.3%	$46.74 *	$42.24	+2.4%	COM	540424108
CNI	CANADIAN NATIONAL RAILWAY CO	194,570	$19.72M	2.3%	$101.37 *	$39.41	+0.5%	COM	136375102
KMI	KINDER MORGAN INC	534,180	$19M	2.2%	$35.57 *	$20.66	-2.3%	COM	49456B101
SLB	SCHLUMBERGER LTD	196,557	$17.37M	2.0%	$88.36 *	$53.63	+10.0%	COM	806857108
HEINY	HEINEKEN NV-SPN ADR	457,048	$16.2M	1.9%	$35.45	$31.96	—	COM	423012301
MRK	MERCK & CO INC	312,871	$14.89M	1.7%	$47.61 *	$30.09	+2.9%	COM	58933Y105
—	PRAXAIR INC	120,815	$14.52M	1.7%	$120.21	$115.34	—	COM	74005P104
WMT	WAL MART STORES INC	195,454	$14.46M	1.7%	$73.96 *	$19.98	-1.0%	COM	931142103
—	LABORATORY CORP AMER HLDGS	141,970	$14.07M	1.6%	$99.14	$100.07	—	COM	50540R409
—	TIFFANY & CO NEW	175,192	$13.42M	1.6%	$76.62	$72.92	—	COM	886547108
JNJ	JOHNSON & JOHNSON	151,768	$13.16M	1.5%	$86.69 *	$59.66	+6.5%	COM	478160104
MTB	M & T BK CORP	115,543	$12.93M	1.5%	$111.92 *	$73.46	+12.1%	COM	55261F104
—	DIRECTV	208,485	$12.46M	1.4%	$59.78	$60.80	—	COM	25490A309
PG	PROCTER & GAMBLE CO	135,139	$10.21M	1.2%	$75.59 *	$55.00	+2.2%	COM	742718109
CVX	CHEVRON CORPORATION	83,021	$10.09M	1.2%	$121.50 *	$71.32	+2.5%	COM	166764100
VRSK	VERISK ANALYTICS INC-CLASS A	152,060	$9.878M	1.1%	$64.96 *	$57.16	+5.4%	COM	92345Y106
BRK/A	BERKSHIRE HATHAWAY INC DEL CL	55	$9.373M	1.1%	$170418.18	$165023.42	+4.8%	COM	084670108
MSFT	MICROSOFT CORPORATION	249,334	$8.298M	1.0%	$33.28 *	$26.70	+1.1%	COM	594918104
AAPL	APPLE INC	15,568	$7.422M	0.9%	$476.75 *	$13.22	+8.0%	COM	037833100
—	LEUCADIA NATL CORP	265,365	$7.229M	0.8%	$27.24	$26.29	—	COM	527288104
ADP	AUTOMATIC DATA PROCESSING INC	82,772	$5.991M	0.7%	$72.38 *	$45.09	+7.2%	COM	053015103
PM	PHILIP MORRIS INTERNAT	68,226	$5.908M	0.7%	$86.59 *	$49.85	-5.0%	COM	718172109
—	SIGMA ALDRICH CORP	60,963	$5.2M	0.6%	$85.30	$80.47	—	COM	826552101
COP	CONOCOPHILLIPS	66,607	$4.63M	0.5%	$69.51 *	$39.96	+11.3%	COM	20825C104
—	GENERAL ELECTRIC COMPANY	191,836	$4.583M	0.5%	$23.89	$23.20	—	COM	369604103
MMM	3M CO	37,250	$4.448M	0.5%	$119.41 *	$61.26	+7.7%	COM	88579Y101
MCD	MC DONALD'S CORPORATION	44,579	$4.289M	0.5%	$96.21 *	$71.80	-1.7%	COM	580135101
T	AT&T INC	115,711	$3.913M	0.5%	$33.82 *	$11.39	-3.8%	COM	00206R102
—	KINDER MORGAN ENERGY PARTNERS	47,760	$3.813M	0.4%	$79.84	$85.40	—	COM	494550106
JPM	JP MORGAN CHASE & CO	69,467	$3.591M	0.4%	$51.69 *	$36.29	+6.2%	COM	46625H100
TKR	TIMKEN CO	57,774	$3.49M	0.4%	$60.41 *	$39.57	+8.3%	COM	887389104
—	UNITED TECHNOLOGIES CORP	32,358	$3.489M	0.4%	$107.82	$92.93	—	COM	913017109
PEP	PEPSICO INC	40,385	$3.211M	0.4%	$79.51 *	$56.01	+1.3%	COM	713448108
ROK	ROCKWELL AUTOMATION, INC.	26,896	$2.876M	0.3%	$106.93 *	$67.33	+13.5%	COM	773903109
NSC	NORFOLK SOUTHERN CORP	37,149	$2.873M	0.3%	$77.34 *	$57.67	-1.2%	COM	655844108
COST	COSTCO WHOLESALE CORP NEW	24,800	$2.856M	0.3%	$115.16 *	$86.56	+5.9%	COM	22160K105
—	CHUBB CORP	31,619	$2.822M	0.3%	$89.25	$84.78	—	COM	171232101
NKE	NIKE INC-CLASS B	38,840	$2.821M	0.3%	$72.63 *	$26.53	+5.3%	COM	654106103
CAT	CATERPILLAR INC	32,304	$2.694M	0.3%	$83.40 *	$61.55	+0.1%	COM	149123101
SYY	SYSCO CORP	81,705	$2.601M	0.3%	$31.83 *	$24.40	-1.7%	COM	871829107
MLM	MARTIN MARIETTA MATLS INC	25,620	$2.515M	0.3%	$98.17 *	$93.00	-3.9%	COM	573284106
RYN	RAYONIER INC REIT	38,209	$2.126M	0.2%	$55.64	$55.40	—	COM	754907103
REGN	REGENERON PHARMACEUTICALS INC	6,550	$2.049M	0.2%	$312.82 *	$231.58	+13.0%	COM	75886F107
KEY	KEYCORP NEW	172,881	$1.971M	0.2%	$11.40 *	$6.48	+16.8%	COM	493267108
DOV	DOVER CORP	20,545	$1.846M	0.2%	$89.85 *	$39.99	+15.6%	COM	260003108
HD	HOME DEPOT INC	23,830	$1.808M	0.2%	$75.87 *	$56.05	+3.2%	COM	437076102
BMY	BRISTOL-MYERS SQUIBB CO	37,357	$1.729M	0.2%	$46.28 *	$28.72	+1.7%	COM	110122108
—	URSTADT BIDDLE PROPERTIES INC	85,093	$1.692M	0.2%	$19.88	$20.16	—	COM	917286205
VZ	VERIZON COMMUNICATIONS INC	33,157	$1.548M	0.2%	$46.69 *	$26.99	-3.2%	COM	92343V104
PFE	PFIZER INC	52,164	$1.498M	0.2%	$28.72 *	$16.45	-0.6%	COM	717081103
WFC	WELLS FARGO & COMPANY	34,268	$1.416M	0.2%	$41.32 *	$27.55	+9.6%	COM	949746101
—	GOODRICH PETE CORP NEW	57,200	$1.389M	0.2%	$24.28	$12.80	—	COM	382410405
MUR	MURPHY OIL CORPORATION	22,648	$1.366M	0.2%	$60.31 *	$34.50	+9.4%	COM	626717102
GILD	GILEAD SCIENCES INC	20,339	$1.279M	0.1%	$62.88 *	$36.21	+14.7%	COM	375558103
—	DU PONT E I DE NEMOURS AND CO	20,510	$1.201M	0.1%	$58.56	$52.50	—	COM	263534109
NEE	NEXTERA ENERGY INC COM	14,409	$1.155M	0.1%	$80.16 *	$14.15	+4.9%	COM	65339F101
—	ASHLAND INC NEW COM	12,190	$1.127M	0.1%	$92.45	$83.64	—	COM	044209104
PAA	PLAINS ALL AMERICAN PIPELINE L	20,760	$1.093M	0.1%	$52.65	$55.83	—	COM	726503105
EPD	ENTERPRISE PRODS PARTNERS L P	17,195	$1.05M	0.1%	$61.06	$62.17	—	COM	293792107
DIS	WALT DISNEY CO/THE	16,173	$1.043M	0.1%	$64.49 *	$56.15	+1.4%	COM	254687106
TGT	TARGET CORP	16,123	$1.032M	0.1%	$64.01 *	$47.95	-1.6%	COM	87612E106
FDX	FEDEX CORPORATION	9,000	$1.027M	0.1%	$114.11 *	$81.95	+11.4%	COM	31428X106
BP	BP PLC SPONS ADR	24,155	$1.015M	0.1%	$42.02	$41.75	—	COM	055622104
—	ROCKWELL COLLINS	14,429	$979K	0.1%	$67.85	$63.41	—	COM	774341101
AMGN	AMGEN INC COM	8,356	$935K	0.1%	$111.90 *	$73.34	+5.0%	COM	031162100
—	DOW CHEMICAL CO	23,723	$911K	0.1%	$38.40	$32.32	—	COM	260543103
CMCSA	COMCAST CORP CL A	20,071	$906K	0.1%	$45.14 *	$15.65	+5.7%	COM	20030N101
NTRS	NORTHERN TRUST CORP	16,070	$874K	0.1%	$54.39 *	$40.35	+3.3%	COM	665859104
—	TIDEWATER, INC.	14,350	$852K	0.1%	$59.37	$56.97	—	COM	886423102
—	ROYAL DUTCH PLC ADR	12,850	$844K	0.1%	$65.68	$63.83	—	COM	780259206
BK	BANK OF NEW YORK MELLON CORP	25,195	$761K	0.1%	$30.20 *	$21.22	+7.3%	COM	064058100
—	LIBERTY MEDIA CORP	5,060	$745K	0.1%	$147.23	$126.68	—	COM	531229102
GD	GENERAL DYNAMICS CORP COMMON	8,400	$735K	0.1%	$87.50 *	$56.44	+15.0%	COM	369550108
—	EXPRESS SCRIPTS HLDG CO COM	11,780	$728K	0.1%	$61.80	$61.76	—	COM	30219G108
—	ANADARKO PETE CORP COM	7,650	$711K	0.1%	$92.94	$86.26	—	COM	032511107
BIIB	BIOGEN IDEC INC COM	2,950	$710K	0.1%	$240.68 *	$213.68	+4.7%	COM	09062X103
DVN	DEVON ENERGY CORP NEW COM	12,000	$693K	0.1%	$57.75 *	$37.00	+3.0%	COM	25179M103
CVS	CVS CAREMARK CORP	12,140	$689K	0.1%	$56.75 *	$41.48	+3.1%	COM	126650100
—	VODAFONE GROUP PLC-SP ADR	19,512	$686K	0.1%	$35.16	$28.86	—	COM	92857W209
BA	BOEING CO	5,776	$679K	0.1%	$117.56 *	$80.49	+13.7%	COM	097023105
PSX	PHILLIPS 66	11,694	$676K	0.1%	$57.81 *	$40.36	-7.1%	COM	718546104
VLO	VALERO ENERGY CORP NEW COM	19,220	$656K	0.1%	$34.13 *	$24.01	-6.7%	COM	91913Y100
KMB	KIMBERLY CLARK CORP	6,456	$608K	0.1%	$94.18 *	$63.06	-3.1%	COM	494368103
CAH	CARDINAL HEALTH INC COM	11,645	$607K	0.1%	$52.13 *	$32.61	+11.9%	COM	14149Y108
—	KRAFT FOODS GROUP INC	11,250	$590K	0.1%	$52.44	$55.84	—	COM	50076Q106
MDLZ	MONDELEZ INTERNATIONAL	17,474	$549K	0.1%	$31.42 *	$23.17	+2.4%	COM	609207105
INTC	INTEL CORP COM	23,781	$545K	0.1%	$22.92 *	$17.18	-1.6%	COM	458140100
—	MCGRAW HILL FINANCIAL INC	8,300	$544K	0.1%	$65.54	$53.13	—	COM	580645109
—	ACE LIMITED SHS ISIN#CH0044328	5,733	$536K	0.1%	$93.49	$89.80	—	COM	H0023R105
AMZN	AMAZON COM INC	1,698	$531K	0.1%	$312.72 *	$13.64	+9.3%	COM	023135106
TRV	TRAVELERS COS INC COM	6,251	$530K	0.1%	$84.79 *	$63.44	-1.0%	COM	89417E109
DUK	DUKE ENERGY CORP	7,820	$522K	0.1%	$66.75 *	$41.83	-2.4%	COM	26441C204
—	ENERGY TRANSFER PARTNERS L P U	9,969	$519K	0.1%	$52.06	$50.56	—	COM	29273R109
UNP	UNION PACIFIC CORP	3,060	$475K	0.1%	$155.23 *	$57.06	+5.4%	COM	907818108
COR	AMERISOURCE BERGEN CORP COM	7,740	$473K	0.1%	$61.11 *	$39.12	+7.6%	COM	03073E105
—	FOREST CITY ENTERPRISES--CLASS	24,750	$469K	0.1%	$18.95	$17.90	—	COM	345550107
BEN	FRANKLIN RESOURCES INC	9,000	$455K	0.1%	$50.56 *	$29.22	-1.7%	COM	354613101
—	SPECTRA ENERGY CORP	13,220	$453K	0.1%	$34.27	$34.44	—	COM	847560109
LLY	LILLY ELI AND CO	8,669	$436K	0.1%	$50.29 *	$42.13	-2.7%	COM	532457108
—	SIRIUS XM RADIO INC COM	110,780	$429K	0.0%	$3.87	$3.35	—	COM	82967N108
HAL	HALLIBURTON CO COM	8,860	$427K	0.0%	$48.19 *	$33.44	+11.6%	COM	406216101
BOKF	BOK FINANCIAL CORP	6,698	$424K	0.0%	$63.30 *	$46.03	+4.4%	COM	05561Q201
SBUX	STARBUCKS CORP	5,296	$408K	0.0%	$77.04 *	$24.37	+16.0%	COM	855244109
QCOM	QUALCOMM INC	5,925	$399K	0.0%	$67.34 *	$45.35	+2.7%	COM	747525103
—	CELGENE CORP	2,520	$388K	0.0%	$153.97	$117.06	—	COM	151020104
BIDU	BAIDU INC SPONS ADR	2,450	$380K	0.0%	$155.10	$99.15	—	COM	056752108
ORCL	ORACLE CORP COM	11,426	$379K	0.0%	$33.17 *	$27.56	-1.8%	COM	68389X105
—	TYCO INTERNATIONAL LTD	10,789	$377K	0.0%	$34.94	$32.90	—	COM	H89128104
GAP	GAP INC	9,250	$373K	0.0%	$40.32 *	$26.00	+9.9%	COM	364760108
BAX	BAXTER INTERNATIONAL INC	5,650	$371K	0.0%	$65.66 *	$30.46	+1.9%	COM	071813109
SM	SM ENERGY CO COM	4,775	$369K	0.0%	$77.28 *	$54.11	+13.5%	COM	78454L100
—	SUNTRUST BANKS INC	11,169	$362K	0.0%	$32.41	$31.56	—	COM	867914103
—	CBS CORP NEW CL B	6,400	$353K	0.0%	$55.16	$48.91	—	COM	124857202
D	DOMINION RES INC VA COM	5,540	$346K	0.0%	$62.45 *	$34.76	+1.6%	COM	25746U109
RL	RALPH LAUREN CORPORATION	2,000	$329K	0.0%	$164.50 *	$138.80	-0.9%	COM	751212101
—	COMCAST CORP CL A (SP)	7,500	$325K	0.0%	$43.33	$39.73	—	COM	20030N200
TIP	ISHARES TIPS BOND ETF	2,867	$323K	0.0%	$112.66	$112.10	—	COM	464287176
EIX	EDISON INTERNATIONAL	7,000	$322K	0.0%	$46.00 *	$30.71	-3.5%	COM	281020107
—	KAYNE ANDERSON MLP INVT CO COM	8,750	$314K	0.0%	$35.89	$38.86	—	COM	486606106
—	NEKTAR THERAPEUTICS COM	30,000	$313K	0.0%	$10.43	$11.51	—	COM	640268108
—	URSTADT BIDDLE PPTYS INC	18,050	$310K	0.0%	$17.17	$18.23	—	COM	917286106
GIS	GENERAL MILLS INC	6,423	$308K	0.0%	$47.95 *	$31.98	+2.9%	COM	370334104
USB	US BANCORP	8,386	$307K	0.0%	$36.61 *	$22.46	+8.4%	COM	902973304
FAST	FASTENAL CO	6,000	$301K	0.0%	$50.17 *	$8.84	-2.8%	COM	311900104
LVS	LAS VEGAS SANDS CORP COM	4,450	$296K	0.0%	$66.52 *	$38.99	+4.3%	COM	517834107
AEP	AMERICAN ELECTRIC POWER CO	6,720	$291K	0.0%	$43.30 *	$30.44	-6.4%	COM	025537101
—	SEADRILL LIMTED SHS ISIN#BMG79	6,300	$284K	0.0%	$45.08	$40.79	—	COM	G7945E105
ABBV	ABBVIE INC.	6,272	$281K	0.0%	$44.80 *	$26.60	+2.1%	COM	00287Y109
MKC	MCCORMICK AND CO INC NON VTG	4,200	$272K	0.0%	$64.76 *	$28.19	-2.1%	COM	579780206
—	ALTERA CORP	7,300	$271K	0.0%	$37.12	$33.01	—	COM	021441100
LUV	SOUTHWEST AIRLS CO COM	18,560	$270K	0.0%	$14.55 *	$11.86	+0.2%	COM	844741108
CAG	CONAGRA FOODS INC COM	8,600	$261K	0.0%	$30.35 *	$17.69	+0.4%	COM	205887102
MO	ALTRIA GROUP INC	7,600	$261K	0.0%	$34.34 *	$16.28	-0.7%	COM	02209S103
—	TIME WARNER CABLE INC COM	2,240	$250K	0.0%	$111.61	$112.50	—	COM	88732J207
EQT	EQT CORPORATION COM	2,800	$248K	0.0%	$88.57 *	$37.67	+12.9%	COM	26884L109
SO	SOUTHERN CO	6,000	$247K	0.0%	$41.17 *	$26.74	-5.3%	COM	842587107
SYK	STRYKER CORP	3,650	$247K	0.0%	$67.67 *	$56.99	+4.3%	COM	863667101
UNH	UNITEDHEALTH GROUP INC	3,450	$247K	0.0%	$71.59 *	$50.75	+15.5%	COM	91324P102
FDS	FACTSET RESEARCH SYSTEMS INC	2,216	$242K	0.0%	$109.21 *	$83.78	+12.9%	COM	303075105
—	NEW YORK COMMUNITY BANCORP	15,800	$239K	0.0%	$15.13	$13.99	—	COM	649445103
CSCO	CISCO SYSTEMS INC	10,175	$238K	0.0%	$23.39 *	$16.93	0.0%	COM	17275R102
ZBH	ZIMMER HLDGS INC COM	2,862	$235K	0.0%	$82.11 *	$71.05	0.0%	COM	98956P102
MUSA	MURPHY USA	5,662	$229K	0.0%	$40.45 *	$38.02	0.0%	COM	626755102
—	INTEGRYS ENERGY GRP INC COM	4,000	$224K	0.0%	$56.00	$58.50	—	COM	45822P105
—	SOUTH STREET SECURITIES HOLDIN	8,000	$224K	0.0%	$28.00	$39.38	—	COM	189758204
FRCB	FIRST REPUBLIC BANK/SAN FRAN	4,769	$222K	0.0%	$46.55 *	$40.61	0.0%	COM	33616C100
ABT	ABBOTT LABS COM	6,672	$221K	0.0%	$33.12 *	$28.79	-3.8%	COM	002824100
—	A D T CORP	5,394	$219K	0.0%	$40.60	$39.82	—	COM	00101J106
—	AMERICA MOVIL-ADR SERIES L	10,964	$217K	0.0%	$19.79	$21.71	—	COM	02364W105
NUE	NUCOR CORP	4,400	$216K	0.0%	$49.09 *	$34.54	0.0%	COM	670346105
NOC	NORTHROP GRUMMAN CORP COM	2,200	$210K	0.0%	$95.45 *	$74.87	0.0%	COM	666807102
AFL	AFLAC INC COM	3,263	$202K	0.0%	$61.91 *	$22.45	0.0%	COM	001055102
APD	AIR PRODS & CHEMS INC COM	1,900	$202K	0.0%	$106.32 *	$70.09	0.0%	COM	009158106
—	COVIDIEN PLC	3,288	$200K	0.0%	$60.83	$62.96	—	COM	G2554F113
—	KINDER MORGAN INC DEL 5	33,840	$168K	0.0%	$4.96	$4.96	—	WT	49456b119
—	EDUCATION REALTY TRUST INC	16,600	$151K	0.0%	$9.10	$10.24	—	COM	28140H104
BAC	BANK AMER CORP COM	10,702	$148K	0.0%	$13.83 *	$10.06	+11.6%	COM	060505104
SAN	BANCO SANTANDER SA	15,324	$125K	0.0%	$8.16	$8.16	—	COM	05964H105
NTIP	NETWORK-1 SECURITY SOLUTIONS	15,100	$25,000	0.0%	$1.66 *	$1.60	+7.5%	COM	64121N109
SRCH	SEARCHLIGHT MINERALS CORP COM	30,000	$11,000	0.0%	$0.37	$0.39	+4.7%	COM	812224202
—	PATRIOT SCIENTIFIC CORP COM	10,000	$1,000	0.0%	$0.10	$0.10	—	COM	70336N107
—	TASKER PRODUCTS	24,800	$0	0.0%	$0.00	—	—	COM	87652D109