Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MA	MASTERCARD	53,890	$12M	4.1%	$142.19	+40.9%	COM	57636Q104
AAPL	APPLE INC	49,319	$11.13M	3.8%	$44.88	+9.8%	COM	037833100
ADP	AUTOMATIC DATA PROCESSING	65,470	$9.865M	3.3%	$57.63	+109.6%	COM	053015103
CNI	CANADIAN NATL RAILWAY	106,325	$9.547M	3.2%	$66.09	+15.0%	COM	136375102
JNJ	JOHNSON & JOHNSON	68,856	$9.513M	3.2%	$71.58	+50.9%	COM	478160104
ATR	APTARGROUP	84,026	$9.052M	3.1%	$50.41	+85.1%	COM	038336103
ABT	ABBOTT LABS	119,798	$8.789M	3.0%	$43.57	+32.7%	COM	002824100
GOOGL	ALPHABET INC CL A	7,230	$8.727M	3.0%	$34.72	+73.1%	COM	02079K305
HD	HOME DEPOT	41,935	$8.688M	2.9%	$62.45	+168.9%	COM	437076102
FISV	FISERV	102,655	$8.457M	2.9%	$52.64	+49.1%	COM	337738108
MMM	3M	39,977	$8.424M	2.9%	$95.44	+38.5%	COM	88579Y101
NSRGY	NESTLE SA ADR	95,168	$7.917M	2.7%	$67.08	—	COM	641069406
NVS	NOVARTIS AG ADR	91,529	$7.887M	2.7%	$68.17	—	COM	66987V109
XOM	EXXON MOBIL	92,255	$7.844M	2.7%	$52.23	+11.4%	COM	30231G102
DHR	DANAHER CORP	69,333	$7.533M	2.6%	$58.53	+50.4%	COM	235851102
PG	PROCTER & GAMBLE	88,704	$7.382M	2.5%	$66.55	+1.9%	COM	742718109
—	UNITED TECHNOLOGIES	52,785	$7.379M	2.5%	$105.79	—	COM	913017109
ADI	ANALOG DEVICES	70,138	$6.485M	2.2%	$63.00	+33.0%	COM	032654105
MSFT	MICROSOFT CORP	56,107	$6.417M	2.2%	$40.13	+151.2%	COM	594918104
ROK	ROCKWELL AUTOMATION	33,843	$6.346M	2.2%	$84.90	+84.0%	COM	773903109
CB	CHUBB LIMITED	47,476	$6.344M	2.2%	$104.15	+14.5%	COM	H1467J104
INTC	INTEL CORP	132,644	$6.273M	2.1%	$20.76	+99.9%	COM	458140100
IRWD	IRONWOOD PHARMACEUTICALS	329,233	$6.078M	2.1%	$12.47	+26.7%	COM	46333X108
—	NOVOZYMES A S DKK 2.0	108,202	$5.921M	2.0%	$32.57	—	COM	B798FW902
—	XILINX	68,115	$5.46M	1.9%	$44.90	—	COM	983919101
CVS	CVS HEALTH	66,926	$5.268M	1.8%	$49.93	+13.1%	COM	126650100
ILMN	ILLUMINA	13,136	$4.821M	1.6%	$156.27	+105.1%	COM	452327109
XYL	XYLEM INC	55,055	$4.398M	1.5%	$34.02	+100.8%	COM	98419M100
FTV	FORTIVE CORP	52,030	$4.381M	1.5%	$38.73	+28.4%	COM	34959J108
—	UNILEVER PLC NEW ADR	74,714	$4.106M	1.4%	$47.53	—	COM	904767704
EOG	EOG RESOURCES	30,370	$3.875M	1.3%	$71.77	+27.4%	COM	26875P101
—	AQR MULTI STRGY ALTERNATIVE CL	458,736	$3.73M	1.3%	$9.45	—	Equity Mutual Fu	00203H792
RHHBY	ROCHE HLDG LTD ADR	123,253	$3.716M	1.3%	$40.48	—	COM	771195104
PEP	PEPSICO	32,615	$3.646M	1.2%	$68.43	+32.0%	COM	713448108
FPACX	FPA CRESCENT FUND	101,471	$3.631M	1.2%	$34.41	—	Equity Mutual Fu	30254T759
BPIRX	ROBECO BOSTON PARTNERS LONG SH	203,608	$3.421M	1.2%	$16.22	—	Equity Mutual Fu	74925K581
NLSIX	NEUBERGER BERMAN ALTERN LONG S	214,320	$3.256M	1.1%	$14.18	—	Equity Mutual Fu	64128R608
HLMEX	HARDING LOEVNER INSTL EMERGING	155,959	$3.192M	1.1%	$20.53	—	Equity Mutual Fu	412295701
NVDA	NVIDIA CORP	9,987	$2.805M	1.0%	$1.93	+234.0%	COM	67066G104
ORCL	ORACLE	51,156	$2.638M	0.9%	$43.49	+0.2%	COM	68389X105
CSCO	CISCO SYS INC	52,045	$2.531M	0.9%	$27.97	+28.9%	COM	17275R102
PYPL	PAYPAL HOLDINGS	27,168	$2.387M	0.8%	$79.78	+10.1%	COM	70450Y103
UNP	UNION PACIFIC	14,599	$2.378M	0.8%	$99.79	+28.1%	COM	907818108
HON	HONEYWELL INTL	11,895	$1.956M	0.7%	$65.95	+84.4%	COM	438516106
ABBV	ABBVIE	20,455	$1.934M	0.7%	$25.47	+171.6%	COM	00287Y109
—	CELGENE CORP	21,574	$1.932M	0.7%	$92.19	—	COM	151020104
VFC	V F CORP	20,500	$1.916M	0.6%	$76.81	+11.1%	COM	918204108
CVX	CHEVRON	13,960	$1.708M	0.6%	$103.36	-14.9%	COM	166764100
IPGP	IPG PHOTONICS	10,820	$1.689M	0.6%	$66.54	+178.9%	COM	44980X109
SPTM	SPDR RUSSELL 3000 ETF	45,000	$1.629M	0.6%	$54.80	—	COM	78464A805
—	DOWDUPONT INC	23,984	$1.542M	0.5%	$69.23	—	COM	26078J100
MRK	MERCK	19,496	$1.384M	0.5%	$36.03	+40.6%	COM	58933Y105
HP	HELMERICH & PAYNE	16,104	$1.108M	0.4%	$62.98	+1.4%	COM	423452101
KO	COCA COLA	19,800	$914K	0.3%	$33.69	+7.7%	COM	191216100
BMY	BRISTOL-MYERS SQUIBB	13,545	$840K	0.3%	$35.04	+28.4%	COM	110122108
PBA	PEMBINA PIPELINE CO	23,875	$812K	0.3%	$27.75	-16.6%	COM	706327103
—	GENERAL ELECTRIC	66,615	$752K	0.3%	$21.45	—	COM	369604103
—	CIGNA	3,500	$729K	0.2%	$53.50	—	COM	125509109
GILD	GILEAD SCIENCES	8,735	$675K	0.2%	$61.87	-8.1%	COM	375558103
WELL	WELLTOWER	10,000	$643K	0.2%	$50.40	+0.7%	COM	95040Q104
SJM	SMUCKER J M	5,720	$586K	0.2%	$98.28	-12.5%	COM	832696405
IBM	INTL BUSINESS MACH	3,832	$580K	0.2%	$134.18	-24.5%	COM	459200101
—	INGERSOLL RAND PLC	5,645	$578K	0.2%	$63.39	—	COM	G47791101
COP	CONOCOPHILLIPS	6,838	$530K	0.2%	$29.50	+91.0%	COM	20825C104
—	TEXAS PACIFIC LAND TRUST	598	$516K	0.2%	$565.34	—	COM	882610108
CAT	CATERPILLAR	3,024	$461K	0.2%	$54.58	+120.8%	COM	149123101
KMB	KIMBERLY CLARK	4,030	$458K	0.2%	$83.06	+4.2%	COM	494368103
CSX	CSX	6,100	$451K	0.2%	$19.02	+13.4%	COM	126408103
LLY	ELI LILLY & CO	4,148	$446K	0.2%	$59.29	+52.3%	COM	532457108
PSX	PHILLIPS 66	3,727	$420K	0.1%	$55.59	+54.8%	COM	718546104
BAX	BAXTER INTERNTL	4,638	$358K	0.1%	$63.39	+2.4%	COM	071813109
PFE	PFIZER	7,340	$323K	0.1%	$22.57	+22.5%	COM	717081103
SLB	SCHLUMBERGER	4,804	$293K	0.1%	$60.91	-14.6%	COM	806857108
TMO	THERMO FISHER SCIENTIFIC	1,156	$282K	0.1%	$118.97	+89.6%	COM	883556102
EMR	EMERSON ELECTRIC	3,675	$282K	0.1%	$51.36	+20.6%	COM	291011104
—	CRANE CO	2,701	$266K	0.1%	$74.79	—	COM	224399105
MCD	MCDONALDS CORP	1,550	$260K	0.1%	$88.13	+53.0%	COM	580135101
NEE	NEXTERA ENERGY	1,490	$250K	0.1%	$21.98	+61.3%	COM	65339F101
NVO	NOVO NORDISK A S ADR	5,140	$242K	0.1%	$54.17	—	COM	670100205
STT	STATE STREET	2,823	$237K	0.1%	$74.42	-6.9%	COM	857477103
MO	ALTRIA GROUP	3,921	$236K	0.1%	$36.64	-8.4%	COM	02209S103
RY	ROYAL BANK CANADA	2,900	$233K	0.1%	$64.82	+21.0%	COM	780087102
JPM	JPMORGAN CHASE	1,948	$220K	0.1%	$81.33	+13.9%	COM	46625H100
DE	DEERE & CO	1,430	$215K	0.1%	$128.61	0.0%	COM	244199105
BKH	BLACK HILLS CORP	3,474	$202K	0.1%	$42.43	+6.6%	COM	092113109
FRMO	FRMO CORP	13,400	$106K	0.0%	$7.68	-0.4%	COM	30262F205