Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft Corp.	201,784	$18.42M	4.6%	$31.94	+164.0%	COM	594918104
IWN	iShares Russell 2000 Value Ind	124,817	$15.21M	3.8%	$98.75	—	RUS 2000 VAL ETF	464287630
GOOG	Alphabet Inc. Cl C	14,327	$14.78M	3.7%	$37.40	+46.5%	CAP STK CL C	02079K107
AAPL	Apple Computer	77,915	$13.07M	3.3%	$21.87	+84.8%	COM	037833100
JNJ	Johnson & Johnson	101,906	$13.06M	3.3%	$65.97	+64.3%	COM	478160104
PNC	PNC Financial Services Group,	84,658	$12.8M	3.2%	$54.22	+118.0%	COM	693475105
—	Costco Wholesale	59,096	$11.14M	2.8%	$141.16	—	COM	22160k105
—	Rockwell Collins Inc.	82,215	$11.09M	2.8%	$104.51	—	COM	774341101
MA	MasterCard, Inc.	62,413	$10.93M	2.7%	$95.62	+71.2%	CL A	57636Q104
ABT	Abbott Laboratories	181,437	$10.87M	2.7%	$31.77	+65.5%	COM	002824100
ROP	Roper Technologies	38,683	$10.86M	2.7%	$165.14	+59.5%	COM	776696106
BAC	Bank of America Corp.	352,547	$10.57M	2.6%	$17.88	+45.8%	COM	060505104
—	SunTrust Banks	152,714	$10.39M	2.6%	$41.70	—	COM	867914103
CF	CF Industries Holdings, Inc.	259,231	$9.781M	2.4%	$20.76	+60.9%	COM	125269100
TJX	TJX Companies Inc.	114,129	$9.308M	2.3%	$23.93	+48.3%	COM	872540109
DHR	Danaher Corp	87,580	$8.575M	2.1%	$80.25	+5.0%	COM	235851102
DLTR	Dollar Tree Stores Inc.	87,492	$8.303M	2.1%	$83.70	+25.2%	COM	256746108
PEP	PepsiCo Inc.	73,632	$8.037M	2.0%	$61.33	+45.5%	COM	713448108
CVX	ChevronTexaco Corporation	69,855	$7.966M	2.0%	$72.22	+17.7%	COM	166764100
HON	Honeywell International	53,826	$7.778M	1.9%	$114.32	+2.8%	COM	438516106
LLY	Lilly, Eli	99,438	$7.694M	1.9%	$69.44	+3.3%	COM	532457108
—	Accenture PLC - Cl A	48,825	$7.495M	1.9%	$153.51	—	SHS CLASS A	g1151c101
—	Discover Financial Services	97,935	$7.044M	1.8%	$58.14	—	COM	254709108
SBUX	Starbucks Corporation	120,585	$6.981M	1.7%	$46.25	+5.3%	COM	855244109
FITB	Fifth Third Bancorp	219,793	$6.978M	1.7%	$12.07	+100.4%	COM	316773100
—	DowDuPont Inc.	106,850	$6.807M	1.7%	$67.82	—	COM	26078J100
NSRGY	Nestle SA Spon ADR	79,996	$6.324M	1.6%	$79.02	—	COM	641069406
PAYX	Paychex Inc.	94,656	$5.83M	1.5%	$46.17	+13.4%	COM	704326107
—	Verizon Communications	119,608	$5.72M	1.4%	$49.79	—	COM	92343v104
QCOM	Qualcomm Inc.	100,322	$5.559M	1.4%	$50.49	+2.8%	COM	747525103
UNH	UnitedHealth Group Inc.	25,617	$5.482M	1.4%	$201.13	0.0%	COM	91324P102
CMG	Chipotle Mexican Grill, Inc.	14,744	$4.764M	1.2%	$8.55	-26.3%	COM	169656105
SLB	Schlumberger Ltd	69,651	$4.512M	1.1%	$57.61	-3.2%	COM	806857108
OXY	Occidental Petroleum	68,356	$4.44M	1.1%	$52.55	+9.3%	COM	674599105
XOM	Exxon Mobil Corp.	54,829	$4.091M	1.0%	$53.86	+3.5%	COM	30231G102
PPL	PPL Corporation	143,059	$4.047M	1.0%	$17.86	+16.9%	COM	69351T106
—	Allergan PLC	21,797	$3.668M	0.9%	$291.89	—	SHS	G0177J108
—	GMS Inc	120,000	$3.667M	0.9%	$36.58	—	COM	36251C103
EFA	iShares MSCI EAFE Index Fund	51,727	$3.604M	0.9%	$63.43	—	MSCI EAFE ETF	464287465
MDT	Medtronic PLC	44,218	$3.547M	0.9%	$66.96	+0.5%	SHS	G5960L103
TXN	Texas Instruments	33,984	$3.531M	0.9%	$86.84	0.0%	COM	882508104
CVS	CVS Health Corp.	43,213	$2.688M	0.7%	$62.30	-10.4%	COM	126650100
—	General Electric Company	194,109	$2.617M	0.7%	$24.79	—	COM	369604103
PG	Procter & Gamble	32,183	$2.551M	0.6%	$57.14	+18.8%	COM	742718109
KEY	KeyCorp	127,655	$2.496M	0.6%	$6.67	+119.0%	COM	493267108
—	Liberty Property Trust	55,839	$2.218M	0.6%	$36.78	—	SH BEN INT	531172104
APD	Air Products & Chemicals Inc	10,493	$1.669M	0.4%	$86.26	+57.4%	COM	009158106
—	3M Co.	7,194	$1.579M	0.4%	$126.37	—	COM	88579y101
IJR	iShares Core S&P Small-Cap ETF	19,805	$1.525M	0.4%	$84.83	—	CORE S&P SCP ETF	464287804
MRK	Merck & Co.	27,239	$1.484M	0.4%	$34.50	+22.5%	COM	58933Y105
WPC	WP Carey Inc	23,875	$1.48M	0.4%	$59.85	—	COM	92936U109
—	AT&T, Inc.	41,496	$1.479M	0.4%	$35.58	—	COM	00206r102
KELYA	Kelly Services Cl A	50,200	$1.458M	0.4%	$14.88	+76.1%	CL A	488152208
PFE	Pfizer, Inc.	39,543	$1.403M	0.3%	$17.91	+35.4%	COM	717081103
—	J.P. Morgan Chase	12,590	$1.385M	0.3%	$56.57	—	COM	46625h100
SUI	Sun Communities Inc.	14,623	$1.336M	0.3%	$50.23	—	COM	866674104
LMT	Lockheed Martin Corp	3,568	$1.206M	0.3%	$170.38	+61.7%	COM	539830109
ADP	Automatic Data Processing	10,576	$1.2M	0.3%	$48.76	+102.2%	COM	053015103
KMB	Kimberly-Clark Corp.	10,762	$1.185M	0.3%	$69.84	+23.4%	COM	494368103
BRK/B	Berkshire Hathaway Inc. Cl B	5,687	$1.134M	0.3%	$137.14	+49.7%	CL B NEW	084670702
—	Energy Transfer Partners, L.P.	67,766	$1.099M	0.3%	$30.90	—	UNIT LTD PRT INT	29278n103
HD	Home Depot Inc.	5,970	$1.064M	0.3%	$87.35	+77.1%	COM	437076102
UNP	Union Pacific Corp.	7,743	$1.041M	0.3%	$66.62	+69.7%	COM	907818108
AMZN	Amazon.com Inc.	658	$952K	0.2%	$41.84	+70.9%	COM	023135106
PDER	Pardee Resources Company, Inc.	4,674	$863K	0.2%	$171.95	+10.0%	COM	699437109
—	BCE Inc.	19,862	$855K	0.2%	$41.84	—	COM NEW	05534b760
—	Pinnacle Financial Partners In	13,000	$835K	0.2%	$65.14	—	COM	72346Q104
—	Cerner Corporation	14,015	$813K	0.2%	$68.19	—	COM	156782104
TMO	Thermo Fisher Scientific, Inc.	3,904	$806K	0.2%	$167.38	+22.8%	COM	883556102
CBU	Community Bank System Inc	14,650	$785K	0.2%	$23.84	+81.7%	COM	203607106
IBM	International Business Machine	4,792	$735K	0.2%	$108.18	-0.8%	COM	459200101
KO	Coca-Cola Co.	16,520	$717K	0.2%	$28.32	+23.8%	COM	191216100
SPGI	S&P Global Inc	3,727	$712K	0.2%	$96.34	+78.8%	COM	78409V104
WM	Waste Management Inc.	8,338	$701K	0.2%	$45.07	+66.2%	COM	94106L109
EEM	iShares MSCI Emerging Markets	13,876	$670K	0.2%	$42.65	—	MSCI EMG MKT ETF	464287234
WELL	Welltower Inc.	11,155	$607K	0.2%	$45.03	-4.6%	COM	95040Q104
—	Cisco Systems Inc.	14,002	$601K	0.1%	$30.27	—	COM	17275r102
DIS	Disney, Walt	5,835	$586K	0.1%	$64.80	+55.8%	COM DISNEY	254687106
BA	Boeing Co.	1,767	$579K	0.1%	$120.78	+167.3%	COM	097023105
BGS	B&G Foods, Inc.	24,334	$577K	0.1%	$15.57	-1.5%	COM	05508R106
—	Celgene Corp.	6,099	$544K	0.1%	$112.74	—	COM	151020104
IQV	Iqvia Holdings Inc	5,410	$531K	0.1%	$101.69	-0.6%	COM	46266C105
SHW	Sherwin Williams	1,348	$529K	0.1%	$57.96	+119.3%	COM	824348106
SYK	Stryker Corporation	3,210	$517K	0.1%	$80.65	+83.4%	COM	863667101
FGD	First Trust Dow Jones Gbl Sele	19,900	$509K	0.1%	$25.36	—	DJ GLBL DIVID	33734X200
—	United Technologies	4,015	$505K	0.1%	$95.02	—	COM	913017109
NEE	NextEra Energy, Inc.	3,042	$497K	0.1%	$18.58	+70.6%	COM	65339F101
IWD	iShares Russell 1000 Value Ind	4,100	$492K	0.1%	$85.26	—	RUS 1000 VAL ETF	464287598
BDX	Becton Dickinson & Co.	2,271	$492K	0.1%	$172.41	+12.9%	COM	075887109
BSV	Vanguard Short-Term Bond Fund	6,236	$489K	0.1%	$78.42	—	SHORT TRM BOND	921937827
—	PowerShares QQQ Nasdaq 100	2,916	$467K	0.1%	$138.05	—	UNIT SER 1	73935a104
—	SPDR Gold Trust	3,685	$464K	0.1%	$124.86	—	GOLD SHS	78463v107
BMY	Bristol-Myers Squibb	6,981	$442K	0.1%	$32.10	+49.8%	COM	110122108
IWR	iShares Russell Midcap Index F	2,142	$442K	0.1%	$133.02	—	RUS MID CAP ETF	464287499
—	Total System Services, Inc.	5,100	$440K	0.1%	$33.28	—	COM	891906109
ITW	Illinois Tool Works	2,741	$429K	0.1%	$59.02	+131.9%	COM	452308109
IJH	iShares Core S&P MidCap	2,210	$415K	0.1%	$174.72	—	CORE S&P MCP ETF	464287507
AMG	Affiliated Managers Group, Inc	2,150	$408K	0.1%	$165.97	+14.3%	COM	008252108
CSM	ProShares Large Cap Core Plus	6,115	$407K	0.1%	$60.39	—	PSHS LC COR PLUS	74347R248
—	Buckeye Partners L P Unit Ltd	10,780	$403K	0.1%	$67.58	—	UNIT LTD PARTN	118230101
SYY	Sysco Corp.	6,471	$388K	0.1%	$25.71	+91.6%	COM	871829107
—	Raytheon Company	1,790	$386K	0.1%	$112.28	—	COM NEW	755111507
ICE	IntercontinentalExchange, Inc.	5,250	$381K	0.1%	$56.81	+16.2%	COM	45866F104
EMR	Emerson Electric Co	5,475	$374K	0.1%	$40.45	+45.8%	COM	291011104
—	Diageo PLC Spon ADR	2,720	$368K	0.1%	$114.76	—	SPON ADR NEW	25243q205
SCHE	Schwab Emerging Markets Equity	11,831	$340K	0.1%	$25.31	—	EMRG MKTEQ ETF	808524706
HAIN	Hain Celestial Group Inc.	10,330	$331K	0.1%	$38.78	-6.3%	COM	405217100
EPD	Enterprise Products Partners L	13,180	$323K	0.1%	$46.28	—	COM	293792107
SO	Southern Company	7,086	$316K	0.1%	$30.01	+7.2%	COM	842587107
GOOGL	Alphabet Inc. Cl A	286	$297K	0.1%	$43.19	+27.4%	CAP STK CL A	02079K305
VWO	Vanguard Emerging Markets	6,179	$290K	0.1%	$38.08	—	FTSE EMR MKT ETF	922042858
—	AmTrust Financial Services	23,285	$287K	0.1%	$31.42	—	COM	032359309
META	Facebook, Inc.	1,719	$275K	0.1%	$137.06	+30.1%	CL A	30303M102
SCHZ	Schwab US Aggregate Bond ETF	5,282	$269K	0.1%	$52.27	—	US AGGREGATE B	808524839
—	CYS Investments Inc	38,900	$261K	0.1%	$8.14	—	COM	12673a108
—	Quanta Services, Inc.	7,612	$261K	0.1%	$36.76	—	COM	74762e102
AFL	AFLAC Inc.	5,800	$254K	0.1%	$26.34	+39.6%	COM	001055102
IWM	iShares Russell 2000 Index Fun	1,650	$251K	0.1%	$102.08	—	RUSSELL 2000 ETF	464287655
IP	International Paper	4,571	$244K	0.1%	$36.54	+7.3%	COM	460146103
BIIB	Biogen Idec Inc.	884	$242K	0.1%	$322.08	-3.6%	COM	09062X103
TIP	iShares Barclays US TIPS Fund	2,135	$241K	0.1%	$116.22	—	TIPS BD ETF	464287176
—	Comcast Corp. Cl A	7,050	$241K	0.1%	$34.18	—	CL A	20030n101
MCO	Moody's Corporation	1,449	$234K	0.1%	$121.93	+23.8%	COM	615369105
VMC	Vulcan Materials Co.	2,000	$228K	0.1%	$88.90	+32.1%	COM	929160109
CHKP	Check Point Software	2,250	$224K	0.1%	$70.03	+47.1%	ORD	M22465104
SPY	SPDR S&P 500 ETF Trust	836	$220K	0.1%	$266.87	—	TR UNIT	78462F103
—	Praxair Inc.	1,515	$219K	0.1%	$132.67	—	COM	74005P104
VEU	Vanguard FTSE All-World Ex-US	3,965	$216K	0.1%	$54.48	—	ALLWRLD EX US	922042775
NKE	NIKE, Inc. Cl B	3,240	$215K	0.1%	$59.62	0.0%	CL B	654106103
FTV	Fortive Corp Com	2,755	$214K	0.1%	$46.09	0.0%	COM	34959J108
—	Magellan Midstream Partners, L	3,650	$213K	0.1%	$69.00	—	COM UNIT RP LP	559080106
AROW	Arrow Financial Corp.	6,283	$213K	0.1%	$21.16	+8.3%	COM	042744102
COP	ConocoPhillips	3,561	$211K	0.1%	$39.65	+10.3%	COM	20825C104
F	Ford Motor Co.	15,526	$172K	0.0%	$8.05	-7.0%	COM PAR $0.01	345370860
—	Capstead Mortgage Corp.	19,430	$168K	0.0%	$11.92	—	COM NO PAR	14067E506
—	VIVUS, Inc.	24,500	$9,000	0.0%	$10.77	—	COM	928551100
—	U.S. Rare Earth Minerals Inc.	25,000	$1,000	0.0%	$0.04	—	COM	903410207