Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	EXXON MOBIL	96,492	$8.35M	5.9%	$86.54	—	Common Stock	30231g102
PG	PROCTER & GAMBLE	108,307	$7.353M	5.2%	$67.89	—	Common Stock	742718109
JNJ	JOHNSON & JOHNSON	92,168	$6.46M	4.6%	$70.09	—	Common Stock	478160104
CNI	CANADIAN NATL RAILWAY	58,463	$5.321M	3.8%	$91.01	—	Common Stock	136375102
EMR	EMERSON ELECTRIC	91,461	$4.844M	3.4%	$52.96	—	Common Stock	291011104
CVX	CHEVRON CORP NEW	44,670	$4.831M	3.4%	$108.15	—	Common Stock	166764100
NSRGY	NESTLE SA ADR	73,624	$4.798M	3.4%	$65.17	—	Common Stock	641069406
—	3M	50,709	$4.708M	3.3%	$92.84	—	Common Stock	88579y101
NVS	NOVARTIS AG ADR	70,704	$4.476M	3.2%	$63.31	—	Common Stock	66987V109
ATR	APTARGROUP	85,516	$4.082M	2.9%	$47.73	—	Common Stock	038336103
HD	HOME DEPOT	64,985	$4.019M	2.8%	$61.85	—	Common Stock	437076102
ADP	AUTOMATIC DATA PROCESSING	67,315	$3.832M	2.7%	$56.93	—	Common Stock	053015103
INTC	INTEL CORP	167,263	$3.45M	2.4%	$20.63	—	Common Stock	458140100
CVS	CVS CAREMARK	71,332	$3.449M	2.4%	$48.35	—	Common Stock	126650100
DE	DEERE	37,450	$3.236M	2.3%	$86.41	—	Common Stock	244199105
—	E M C CORP MASS	127,400	$3.224M	2.3%	$25.31	—	Common Stock	268648102
PEP	PEPSICO	45,370	$3.105M	2.2%	$68.44	—	Common Stock	713448108
—	ORACLE	89,805	$2.992M	2.1%	$33.32	—	Common Stock	68389x105
RHHBY	ROCHE HLDG LTD ADR	52,910	$2.671M	1.9%	$50.48	—	Common Stock	771195104
—	GENERAL ELECTRIC	114,354	$2.401M	1.7%	$21.00	—	Common Stock	369604103
PBA	PEMBINA PIPELINE CO	83,496	$2.393M	1.7%	$28.66	—	Common Stock	706327103
ABBNY	ABB LTD SPON ADR	108,735	$2.261M	1.6%	$20.79	—	Common Stock	000375204
IRWD	IRONWOOD PHARMACEUTICALS	202,975	$2.249M	1.6%	$11.08	—	Common Stock	46333X108
—	ENCANA	113,057	$2.234M	1.6%	$19.76	—	Common Stock	292505104
ABT	ABBOTT LABS	33,800	$2.214M	1.6%	$65.50	—	Common Stock	002824100
—	COVIDIEN	38,180	$2.204M	1.6%	$57.73	—	Common Stock	G2554F113
—	NOVOZYMES A S DKK 2.0	77,881	$2.19M	1.6%	$28.12	—	Common Stock	B798FW902
HP	HELMERICH & PAYNE	28,950	$1.622M	1.1%	$56.03	—	Common Stock	423452101
—	UNITED TECHNOLOGIES	19,330	$1.585M	1.1%	$82.00	—	Common Stock	913017109
AAPL	APPLE INC	2,827	$1.505M	1.1%	$532.37	—	Common Stock	037833100
—	CENOVUS ENERGY	43,080	$1.444M	1.0%	$33.52	—	Common Stock	15135u109
—	MERCK	34,974	$1.432M	1.0%	$40.94	—	Common Stock	58933y105
TEVA	TEVA PHARMACEUTICAL	37,110	$1.386M	1.0%	$37.35	—	Common Stock	881624209
—	CISCO SYS INC	68,372	$1.343M	1.0%	$19.64	—	Common Stock	17275r102
UNP	UNION PACIFIC	10,367	$1.303M	0.9%	$125.69	—	Common Stock	907818108
MSFT	MICROSOFT CORP	48,645	$1.3M	0.9%	$26.72	—	Common Stock	594918104
IBM	INTL BUSINESS MACH	6,152	$1.178M	0.8%	$191.48	—	Common Stock	459200101
HON	HONEYWELL INTL	18,192	$1.155M	0.8%	$63.49	—	Common Stock	438516106
—	DEVON ENERGY	21,280	$1.108M	0.8%	$52.07	—	Common Stock	25179m103
—	PERRIGO CO	10,395	$1.082M	0.8%	$104.09	—	Common Stock	714290103
—	NATIONAL GRID PLC	17,910	$1.028M	0.7%	$57.40	—	Common Stock	636274300
SLB	SCHLUMBERGER	14,033	$972K	0.7%	$69.27	—	Common Stock	806857108
KO	COCA COLA	26,215	$950K	0.7%	$36.24	—	Common Stock	191216100
—	DU PONT	20,151	$906K	0.6%	$44.96	—	Common Stock	263534109
—	SIGMA ALDRICH CORP	12,010	$883K	0.6%	$73.52	—	Common Stock	826552101
—	LIFE TECHNOLOGIES	17,285	$848K	0.6%	$49.06	—	Common Stock	53217v109
VFC	V F CORPORATION	5,560	$839K	0.6%	$150.90	—	Common Stock	918204108
NXPI	NXP SEMICONDUCTORS	31,745	$836K	0.6%	$26.33	—	Common Stock	N6596X109
BMY	BRISTOL MYERS SQUIBB	25,200	$821K	0.6%	$32.58	—	Common Stock	110122108
POR	PORTLAND GENL	29,910	$819K	0.6%	$27.38	—	Common Stock	736508847
—	MONSANTO	8,222	$778K	0.6%	$94.62	—	Common Stock	61166w101
—	CONOCOPHILLIPS	13,309	$771K	0.5%	$57.93	—	Common Stock	20825c104
ROK	ROCKWELL AUTOMATION	8,129	$683K	0.5%	$84.02	—	Common Stock	773903109
—	MASTERCARD	1,386	$682K	0.5%	$492.06	—	Common Stock	57636q104
—	LABORATORY CORP AMER	7,255	$629K	0.4%	$86.70	—	Common Stock	50540R409
MCD	MCDONALDS CORP	6,320	$557K	0.4%	$88.13	—	Common Stock	580135101
—	NEXTERA ENERGY	7,548	$523K	0.4%	$69.29	—	Common Stock	65339f101
—	INGERSOLL RAND PLC	10,040	$482K	0.3%	$48.01	—	Common Stock	g47791101
FISV	FISERV	5,680	$449K	0.3%	$79.05	—	Common Stock	337738108
—	MUNICH RE GROUP	2,400	$430K	0.3%	$179.17	—	Common Stock	529412900
PFE	PFIZER	17,130	$428K	0.3%	$24.99	—	Common Stock	717081103
BAX	BAXTER INTERNTL	5,438	$362K	0.3%	$66.57	—	Common Stock	071813109
—	CIGNA	6,561	$351K	0.2%	$53.50	—	Common Stock	125509109
PSX	PHILLIPS 66	6,468	$343K	0.2%	$53.03	—	Common Stock	718546104
KMB	KIMBERLY CLARK	4,030	$340K	0.2%	$84.37	—	Common Stock	494368103
—	CANADIAN OIL SANDS	15,800	$321K	0.2%	$20.32	—	Common Stock	13643E105
STT	STATE STREET	6,512	$306K	0.2%	$46.99	—	Common Stock	857477103
CAT	CATERPILLAR	3,024	$271K	0.2%	$89.62	—	Common Stock	149123101
—	SMART BALANCE	20,500	$265K	0.2%	$12.93	—	Common Stock	83169Y108
SJT	SAN JUAN BASIN ROYALTY	19,550	$263K	0.2%	$13.45	—	Common Stock	798241105
—	AT& T INC	7,675	$259K	0.2%	$33.75	—	Common Stock	00206r102
GIS	GENERAL MILLS	6,288	$254K	0.2%	$40.39	—	Common Stock	370334104
CSX	CSX	12,500	$246K	0.2%	$19.68	—	Common Stock	126408103
LLY	ELI LILLY & CO	4,800	$236K	0.2%	$49.17	—	Common Stock	532457108
—	ANADARKO PETE	3,040	$226K	0.2%	$74.34	—	Common Stock	032511107
ALNY	ALNYLAM PHARMA	11,893	$217K	0.2%	$18.25	—	Common Stock	02043Q107
—	CREE INC	6,410	$217K	0.2%	$33.85	—	Common Stock	225447101
ECTM	ECA MARCELLUS TRUST 1	12,200	$187K	0.1%	$15.33	—	Common Stock	26827L109
ACAZF	ACADIAN TIMBER	11,700	$172K	0.1%	$14.70	—	Common Stock	004272100
—	PENN WEST PETE LTD	10,300	$112K	0.1%	$10.87	—	Common Stock	707887105
—	FRONTIER COMMUNICATIONS	13,002	$56,000	0.0%	$4.31	—	Common Stock	35906A108