Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft Corp.	197,372	$22.57M	5.1%	$31.94	+215.6%	COM	594918104
GOOG	Alphabet Inc. Cl C	15,501	$18.5M	4.2%	$38.54	+54.3%	CAP STK CL C	02079K107
AAPL	Apple Computer	77,955	$17.6M	4.0%	$22.16	+122.3%	COM	037833100
IWN	iShares Russell 2000 Value Ind	126,244	$16.79M	3.8%	$99.41	—	RUS 2000 VAL ETF	464287630
MA	MasterCard, Inc.	66,598	$14.82M	3.3%	$101.95	+96.5%	CL A	57636Q104
JNJ	Johnson & Johnson	101,024	$13.96M	3.1%	$66.36	+62.8%	COM	478160104
ABT	Abbott Laboratories	183,314	$13.45M	3.0%	$32.33	+78.9%	COM	002824100
TJX	TJX Companies Inc.	115,962	$12.99M	2.9%	$24.18	+92.2%	COM	872540109
CF	CF Industries Holdings, Inc.	225,916	$12.3M	2.8%	$20.76	+93.4%	COM	125269100
ROP	Roper Technologies	40,514	$12M	2.7%	$171.55	+64.6%	COM	776696106
—	Costco Wholesale	51,074	$12M	2.7%	$141.16	—	COM	22160k105
PNC	PNC Financial Services Group,	83,592	$11.38M	2.6%	$54.22	+101.9%	COM	693475105
—	Rockwell Collins Inc.	79,230	$11.13M	2.5%	$104.51	—	COM	774341101
BAC	Bank of America Corp.	362,597	$10.68M	2.4%	$18.13	+40.5%	COM	060505104
LLY	Lilly, Eli	99,335	$10.66M	2.4%	$69.44	+30.0%	COM	532457108
HON	Honeywell International	58,258	$9.694M	2.2%	$114.36	+6.3%	COM	438516106
DHR	Danaher Corp	89,060	$9.677M	2.2%	$80.35	+9.6%	COM	235851102
—	Accenture PLC - Cl A	56,042	$9.538M	2.2%	$155.17	—	SHS CLASS A	g1151c101
PEP	PepsiCo Inc.	83,297	$9.313M	2.1%	$64.39	+40.3%	COM	713448108
CVX	ChevronTexaco Corporation	71,445	$8.736M	2.0%	$72.58	+21.1%	COM	166764100
—	SunTrust Banks	128,836	$8.605M	1.9%	$41.70	—	COM	867914103
UNH	UnitedHealth Group Inc.	31,712	$8.437M	1.9%	$204.37	+12.9%	COM	91324P102
MDT	Medtronic PLC	83,582	$8.222M	1.9%	$68.00	+12.2%	SHS	G5960L103
DLTR	Dollar Tree Stores Inc.	99,525	$8.116M	1.8%	$84.40	+4.0%	COM	256746108
TXN	Texas Instruments	72,359	$7.763M	1.8%	$87.45	+3.2%	COM	882508104
—	DowDuPont Inc.	118,850	$7.643M	1.7%	$67.57	—	COM	26078J100
AMZN	Amazon.com Inc.	3,715	$7.441M	1.7%	$84.79	+10.9%	COM	023135106
SBUX	Starbucks Corporation	126,110	$7.168M	1.6%	$46.40	-2.9%	COM	855244109
—	Discover Financial Services	92,352	$7.06M	1.6%	$58.14	—	COM	254709108
QCOM	Qualcomm Inc.	96,208	$6.93M	1.6%	$50.75	+7.6%	COM	747525103
MKC	McCormick & Company	50,423	$6.643M	1.5%	$53.63	0.0%	COM NON VTG	579780206
—	Verizon Communications	124,049	$6.623M	1.5%	$49.85	—	COM	92343v104
GS	Goldman Sachs Group	29,152	$6.537M	1.5%	$200.25	-1.9%	COM	38141G104
CMG	Chipotle Mexican Grill, Inc.	14,040	$6.381M	1.4%	$8.55	+11.3%	COM	169656105
—	CME Group, Inc.	29,891	$5.088M	1.1%	$170.22	—	COM CL A	12572q105
XOM	Exxon Mobil Corp.	54,349	$4.621M	1.0%	$53.91	+7.9%	COM	30231G102
OXY	Occidental Petroleum	54,599	$4.486M	1.0%	$52.55	+28.9%	COM	674599105
SLB	Schlumberger Ltd	65,055	$3.963M	0.9%	$57.57	-9.6%	COM	806857108
EFA	iShares MSCI EAFE Index Fund	54,839	$3.729M	0.8%	$64.07	—	MSCI EAFE ETF	464287465
—	GMS Inc	120,000	$2.784M	0.6%	$36.58	—	COM	36251C103
PG	Procter & Gamble	29,519	$2.457M	0.6%	$57.14	+18.6%	COM	742718109
—	Liberty Property Trust	49,414	$2.088M	0.5%	$36.78	—	SH BEN INT	531172104
HD	Home Depot Inc.	7,934	$1.644M	0.4%	$106.58	+57.6%	COM	437076102
KEY	KeyCorp	77,105	$1.534M	0.3%	$6.67	+119.6%	COM	493267108
MRK	Merck & Co.	21,389	$1.517M	0.3%	$34.50	+46.8%	COM	58933Y105
PFE	Pfizer, Inc.	33,925	$1.495M	0.3%	$17.91	+54.4%	COM	717081103
IJR	iShares Core S&P Small-Cap ETF	17,005	$1.484M	0.3%	$85.18	—	CORE S&P SCP ETF	464287804
—	3M Co.	7,006	$1.476M	0.3%	$126.37	—	COM	88579y101
WPC	WP Carey Inc	20,275	$1.304M	0.3%	$59.85	—	COM	92936U109
ADP	Automatic Data Processing	8,451	$1.273M	0.3%	$48.76	+147.7%	COM	053015103
KELYA	Kelly Services Cl A	50,200	$1.206M	0.3%	$14.88	+47.6%	CL A	488152208
—	J.P. Morgan Chase	10,497	$1.184M	0.3%	$56.57	—	COM	46625h100
—	AT&T, Inc.	34,871	$1.171M	0.3%	$35.58	—	COM	00206r102
SUI	Sun Communities Inc.	10,798	$1.096M	0.2%	$50.23	—	COM	866674104
UNP	Union Pacific Corp.	6,435	$1.048M	0.2%	$66.62	+91.8%	COM	907818108
NSRGY	Nestle SA Spon ADR	12,594	$1.048M	0.2%	$79.02	—	COM	641069406
—	Energy Transfer Partners, L.P.	42,188	$939K	0.2%	$30.90	—	UNIT LTD PRT INT	29278n103
LMT	Lockheed Martin Corp	2,703	$935K	0.2%	$170.38	+55.1%	COM	539830109
PDER	Pardee Resources Company, Inc.	4,674	$883K	0.2%	$171.95	+10.1%	COM	699437109
BRK/B	Berkshire Hathaway Inc. Cl B	4,102	$878K	0.2%	$137.14	+49.6%	CL B NEW	084670702
MPC	Marathon Petroleum Corp.	10,898	$872K	0.2%	$62.52	0.0%	COM	56585A102
—	General Electric Company	74,000	$835K	0.2%	$24.79	—	COM	369604103
KMB	Kimberly-Clark Corp.	7,009	$797K	0.2%	$69.84	+23.9%	COM	494368103
—	Pinnacle Financial Partners In	12,700	$764K	0.2%	$65.14	—	COM	72346Q104
KO	Coca-Cola Co.	16,151	$746K	0.2%	$28.32	+28.2%	COM	191216100
BA	Boeing Co.	1,957	$728K	0.2%	$146.76	+131.0%	COM	097023105
PPL	PPL Corporation	24,764	$725K	0.2%	$17.86	+18.3%	COM	69351T106
—	Cisco Systems Inc.	14,765	$718K	0.2%	$31.07	—	COM	17275r102
QQQ	PowerShares QQQ Nasdaq 100	3,866	$718K	0.2%	$174.03	—	UNIT SER 1	46090E103
EEM	iShares MSCI Emerging Markets	16,526	$709K	0.2%	$42.70	—	MSCI EMG MKT ETF	464287234
IBM	International Business Machine	4,495	$680K	0.2%	$108.18	-6.4%	COM	459200101
DIS	Disney, Walt	5,676	$664K	0.1%	$64.80	+64.5%	COM DISNEY	254687106
TMO	Thermo Fisher Scientific, Inc.	2,699	$659K	0.1%	$167.38	+34.8%	COM	883556102
FITB	Fifth Third Bancorp	22,950	$641K	0.1%	$12.07	+82.3%	COM	316773100
FGD	First Trust Dow Jones Gbl Sele	24,875	$624K	0.1%	$25.26	—	DJ GLBL DIVID	33734X200
WELL	Welltower Inc.	9,643	$620K	0.1%	$45.03	+12.7%	COM	95040Q104
SHW	Sherwin Williams	1,333	$607K	0.1%	$57.96	+139.2%	COM	824348106
BSV	Vanguard Short-Term Bond Fund	7,511	$586K	0.1%	$78.37	—	SHORT TRM BOND	921937827
APD	Air Products & Chemicals Inc	3,404	$569K	0.1%	$86.26	+57.6%	COM	009158106
SYK	Stryker Corporation	3,110	$553K	0.1%	$80.65	+95.3%	COM	863667101
—	United Technologies	3,890	$544K	0.1%	$95.02	—	COM	913017109
CBU	Community Bank System Inc	8,825	$539K	0.1%	$23.84	+115.1%	COM	203607106
IWD	iShares Russell 1000 Value Ind	4,100	$519K	0.1%	$85.26	—	RUS 1000 VAL ETF	464287598
NEE	NextEra Energy, Inc.	3,042	$510K	0.1%	$18.58	+90.8%	COM	65339F101
—	Total System Services, Inc.	5,100	$504K	0.1%	$33.28	—	COM	891906109
WM	Waste Management Inc.	5,288	$478K	0.1%	$45.07	+73.6%	COM	94106L109
SYY	Sysco Corp.	6,471	$474K	0.1%	$25.71	+130.5%	COM	871829107
IQV	Iqvia Holdings Inc	3,635	$472K	0.1%	$101.69	+18.1%	COM	46266C105
IWR	iShares Russell Midcap Index F	2,000	$441K	0.1%	$133.02	—	RUS MID CAP ETF	464287499
—	BCE Inc.	10,728	$435K	0.1%	$41.84	—	COM NEW	05534b760
BMY	Bristol-Myers Squibb	6,971	$433K	0.1%	$32.10	+40.1%	COM	110122108
IJH	iShares Core S&P MidCap	2,139	$431K	0.1%	$175.11	—	CORE S&P MCP ETF	464287507
—	Celgene Corp.	4,409	$395K	0.1%	$112.74	—	COM	151020104
EMR	Emerson Electric Co	5,025	$385K	0.1%	$40.45	+53.1%	COM	291011104
—	Diageo PLC Spon ADR	2,667	$378K	0.1%	$114.76	—	SPON ADR NEW	25243q205
BDX	Becton Dickinson & Co.	1,421	$371K	0.1%	$172.41	+27.8%	COM	075887109
ITW	Illinois Tool Works	2,566	$362K	0.1%	$59.02	+99.0%	COM	452308109
—	Raytheon Company	1,736	$359K	0.1%	$112.28	—	COM NEW	755111507
—	SPDR Gold Trust	3,145	$355K	0.1%	$124.86	—	GOLD SHS	78463v107
—	Cerner Corporation	5,475	$353K	0.1%	$68.19	—	COM	156782104
HRL	Hormel Foods Corp.	8,150	$321K	0.1%	$31.58	0.0%	COM	440452100
—	Red Hat Inc.	2,345	$320K	0.1%	$134.82	—	COM	756577102
GOOGL	Alphabet Inc. Cl A	261	$315K	0.1%	$43.19	+39.1%	CAP STK CL A	02079K305
BIIB	Biogen Idec Inc.	865	$306K	0.1%	$322.08	+6.9%	COM	09062X103
SCHZ	Schwab US Aggregate Bond ETF	5,863	$295K	0.1%	$52.11	—	US AGGREGATE B	808524839
COP	ConocoPhillips	3,611	$279K	0.1%	$39.89	+41.3%	COM	20825C104
EL	Estee Lauder Cos Inc Cl A	1,915	$278K	0.1%	$126.44	0.0%	CL A	518439104
CSM	ProShares Large Cap Core Plus	3,710	$268K	0.1%	$60.39	—	PSHS LC COR PLUS	74347R248
IWM	iShares Russell 2000 Index Fun	1,580	$266K	0.1%	$102.08	—	RUSSELL 2000 ETF	464287655
TIP	iShares Barclays US TIPS Fund	2,345	$259K	0.1%	$115.77	—	TIPS BD ETF	464287176
VWO	Vanguard Emerging Markets	6,179	$253K	0.1%	$38.13	—	FTSE EMR MKT ETF	922042858
ICE	IntercontinentalExchange, Inc.	3,350	$251K	0.1%	$56.81	+20.3%	COM	45866F104
FTV	Fortive Corp Com	2,955	$249K	0.1%	$46.10	+7.9%	COM	34959J108
—	Buckeye Partners L P Unit Ltd	6,805	$243K	0.1%	$67.58	—	UNIT LTD PARTN	118230101
MCO	Moody's Corporation	1,449	$242K	0.1%	$121.93	+35.2%	COM	615369105
AFL	AFLAC Inc.	5,000	$235K	0.1%	$26.34	+46.1%	COM	001055102
SCHE	Schwab Emerging Markets Equity	9,087	$234K	0.1%	$25.31	—	EMRG MKTEQ ETF	808524706
AROW	Arrow Financial Corp.	6,334	$234K	0.1%	$21.16	+26.6%	COM	042744102
—	Praxair Inc.	1,440	$231K	0.1%	$132.67	—	COM	74005P104
—	Magellan Midstream Partners, L	3,350	$227K	0.1%	$69.00	—	COM UNIT RP LP	559080106
PAYX	Paychex Inc.	3,075	$226K	0.1%	$46.17	+25.5%	COM	704326107
SPY	SPDR S&P 500 ETF Trust	771	$224K	0.1%	$266.87	—	TR UNIT	78462F103
VMC	Vulcan Materials Co.	2,000	$222K	0.1%	$88.90	+22.2%	COM	929160109
SCHX	Schwab U.S. Large Cap ETF	3,150	$219K	0.0%	$64.89	—	US LRG CAP ETF	808524201
META	Facebook, Inc.	1,333	$219K	0.0%	$137.06	+31.2%	CL A	30303M102
—	Allergan PLC	1,130	$215K	0.0%	$291.89	—	SHS	G0177J108
SO	Southern Company	4,887	$213K	0.0%	$30.01	+14.2%	COM	842587107
NSC	Norfolk-Southern Corp.	1,175	$212K	0.0%	$147.16	0.0%	COM	655844108
—	AmTrust Financial Services	14,525	$211K	0.0%	$31.42	—	COM	032359309
AMG	Affiliated Managers Group, Inc	1,525	$208K	0.0%	$165.97	-13.1%	COM	008252108
VEU	Vanguard FTSE All-World Ex-US	3,965	$206K	0.0%	$54.33	—	ALLWRLD EX US	922042775
XYL	Xylem, Inc.	2,583	$206K	0.0%	$68.31	0.0%	COM	98419M100
ROK	Rockwell Automation, Inc.	1,097	$206K	0.0%	$156.22	0.0%	COM	773903109
F	Ford Motor Co.	15,506	$143K	0.0%	$8.05	-14.9%	COM PAR $0.01	345370860
—	Capstead Mortgage Corp.	14,980	$118K	0.0%	$11.92	—	COM NO PAR	14067E506