Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	AT&T Inc	584,004	$20.65M	6.1%	$35.17	—	COM	00206r102
ADP	Auto Data Processing	201,743	$15.99M	4.7%	$45.38	+16.5%	COM	053015103
—	Roche Holdings Switzerland	45,795	$13.66M	4.0%	$298.26	—	COM	h69293217
EMR	Emerson Elec Co	185,146	$12.29M	3.6%	$40.81	+20.4%	COM	291011104
UPS	United Parcel Svc Cl B	118,855	$12.2M	3.6%	$56.23	+18.4%	COM	911312106
—	Westpac Banking Spn Adrf Spons	319,550	$10.26M	3.0%	$32.78	—	COM	961214301
TJX	Tjx Cos Inc New	170,579	$9.066M	2.7%	$22.09	+10.1%	COM	872540109
—	Seven & I Holdings Ltd 3382 JP	193,800	$8.165M	2.4%	$36.61	—	COM	j7165h108
ABT	Abbott Laboratories	184,758	$7.557M	2.2%	$28.77	+9.4%	COM	002824100
—	Denbury Resources	397,652	$7.341M	2.2%	$18.18	—	COM	247916208
—	Tupperware Inc.	87,466	$7.321M	2.2%	$78.53	—	COM	899896104
—	Softbank Corp SEDOL B01JCG5 00	96,515	$7.186M	2.1%	$75.74	—	COM	j75963108
INTC	Intel Corp	214,020	$6.613M	1.9%	$17.49	+18.3%	COM	458140100
QCOM	Qualcomm Inc.	81,682	$6.469M	1.9%	$46.08	+24.3%	COM	747525103
HD	Home Depot Inc	78,771	$6.377M	1.9%	$60.23	-0.2%	COM	437076102
—	Tiffany & Co.	61,030	$6.118M	1.8%	$74.80	—	COM	886547108
FMX	Fomento Economico Mexicano Sa	65,155	$6.102M	1.8%	$93.65	—	COM	344419106
TM	Toyota Motor Adr	49,607	$5.936M	1.7%	$127.69	—	COM	892331307
SBUX	Starbucks Corp	73,975	$5.724M	1.7%	$28.87	0.0%	COM	855244109
FSLR	First Solar Inc	74,160	$5.27M	1.6%	$49.62	+33.4%	COM	336433107
—	Bce Inc	111,560	$5.06M	1.5%	$45.36	—	COM	05534b760
DIS	Walt Disney Company	58,062	$4.978M	1.5%	$73.44	0.0%	COM	254687106
IBM	Int'l Business Machines Corp	24,918	$4.517M	1.3%	$118.73	-5.4%	COM	459200101
—	Mercadolibre Inc.	46,010	$4.389M	1.3%	$110.28	—	COM	58733r102
—	AbbVie Inc.	76,549	$4.32M	1.3%	$46.89	—	COM	00287y109
WWW	Wolverine World Wide	160,440	$4.181M	1.2%	$22.67	-3.9%	COM	978097103
—	Telstra Ltd sedol 6087289AU	844,734	$4.154M	1.2%	$4.37	—	COM	6087289au
PHG	Koninklijke Philips NV	126,853	$4.029M	1.2%	$27.24	—	COM	500472303
—	Copa Holdings S A Cl A	27,112	$3.865M	1.1%	$131.46	—	COM	p31076105
—	Comm Bank of Austr. sedol 6215	49,455	$3.775M	1.1%	$71.78	—	COM	q26915100
WAB	Westinghouse Air Brake Tech. C	44,415	$3.668M	1.1%	$51.31	+41.0%	COM	929740108
—	Breville - sedol 6158709AU	472,000	$3.613M	1.1%	$7.65	—	COM	6158709
—	Aust&New Zealnd Bkg Ordf Sedol	114,250	$3.595M	1.1%	$30.68	—	COM	q09504137
OC	Owens Corning Inc	90,510	$3.501M	1.0%	$38.36	+7.2%	COM	690742101
TSCO	Tractor Supply Company	57,650	$3.482M	1.0%	$9.99	+11.1%	COM	892356106
—	Grupo Aero. del Sureste 263934	255,327	$3.246M	1.0%	$11.07	—	COM	p4950y100
ADI	Analog Devices Inc Com	59,761	$3.231M	1.0%	$35.22	+17.8%	COM	032654105
—	Hubbell Inc Cl B Par .01	26,040	$3.207M	0.9%	$98.99	—	COM	443510201
BEN	Franklin Res Inc	54,878	$3.174M	0.9%	$29.80	+9.9%	COM	354613101
JNJ	Johnson And Johnson Com	29,028	$3.037M	0.9%	$61.78	+18.4%	COM	478160104
VMI	Valmont Industries Inc	19,729	$2.998M	0.9%	$146.68	+4.9%	COM	920253101
—	Citrix Systems Inc.	47,397	$2.965M	0.9%	$62.95	—	COM	177376100
GWW	Grainger Ww Inc.	11,488	$2.921M	0.9%	$202.81	+4.2%	COM	384802104
ULTA	Ulta Beauty	31,310	$2.862M	0.8%	$90.08	-0.1%	COM	90384S303
CL	Colgate Palmolive	39,546	$2.696M	0.8%	$44.44	+15.3%	COM	194162103
NVO	Novo-Nordisk A-S Adr F 1 Adr R	54,845	$2.533M	0.7%	$67.70	—	COM	670100205
—	Exxon Mobil Corp Com	21,779	$2.193M	0.6%	$90.35	—	COM	30231g102
—	Google Inc Cl A	3,719	$2.174M	0.6%	$1052.96	—	COM	38259p508
—	Sigma Aldrich Corp	21,335	$2.165M	0.6%	$80.43	—	COM	826552101
—	Swiss RE AG	24,240	$2.157M	0.6%	$88.99	—	COM	h8431b109
—	Fanuc 6954 sedol# 6356934 JP	12,500	$2.156M	0.6%	$144.75	—	COM	j13440102
TMHC	Taylor Morrison Home Corp	95,445	$2.14M	0.6%	$21.60	+0.1%	COM	87724P106
PHM	PulteGroup Inc	105,720	$2.131M	0.6%	$15.39	+7.7%	COM	745867101
—	Google Inc Cl C	3,664	$2.108M	0.6%	$575.33	—	COM	38259p706
—	Novo-Nordisk A/S Sedol# 707752	43,625	$2.008M	0.6%	$73.36	—	COM	k72807132
—	Praxair Inc	15,009	$1.994M	0.6%	$116.16	—	COM	74005p104
—	Fast Retailing -Japan	5,700	$1.875M	0.6%	$336.72	—	COM	6332439JP
—	Statoil Asa Shs	59,733	$1.842M	0.5%	$25.50	—	COM	85771p102
—	Oracle Corp	45,045	$1.826M	0.5%	$31.15	—	COM	68389x105
—	Jasa Marga (JSMR IJ) sedol B28	3,542,000	$1.785M	0.5%	$0.61	—	COM	y71285103
PG	Procter & Gamble Co	22,446	$1.764M	0.5%	$55.55	+4.9%	COM	742718109
RHHBY	Roche Holdings Adr	45,040	$1.68M	0.5%	$37.30	—	COM	771195104
—	3m Company Com	10,204	$1.462M	0.4%	$109.35	—	COM	88579y101
—	Airgas Inc.	11,640	$1.268M	0.4%	$95.47	—	COM	009363102
—	Volkswagen Ag Preferred sedol#	4,165	$1.09M	0.3%	$202.44	—	COM	d94523103
NSRGY	Nestle S A Reg B Adr F 1 Adr R	13,569	$1.054M	0.3%	$74.42	—	COM	641069406
COST	Costco Whsl Corp New	9,129	$1.051M	0.3%	$87.96	+4.4%	COM	22160K105
ITW	Illinois Tool Works Inc	11,214	$982K	0.3%	$49.85	+31.3%	COM	452308109
—	Du Pont Ie De Nours	14,970	$980K	0.3%	$52.51	—	COM	263534109
AAPL	Apple Inc	10,141	$942K	0.3%	$18.27	+2.1%	COM	037833100
CVX	Chevron Corporation	7,097	$927K	0.3%	$71.30	+6.5%	COM	166764100
PEP	Pepsico Incorporated	9,328	$833K	0.2%	$57.05	+6.8%	COM	713448108
SYY	Sysco Corp Com	19,400	$727K	0.2%	$24.40	+10.2%	COM	871829107
APD	Air Products & Chemicals Inc	5,275	$678K	0.2%	$78.73	+6.5%	COM	009158106
—	Grupo Aeroportunario del Sures	4,954	$629K	0.2%	$110.82	—	COM	40051e202
DCI	Donaldson Company Inc	14,108	$597K	0.2%	$29.49	+16.5%	COM	257651109
BRK/B	Berkshire Hathawayinc Del Cl	4,709	$596K	0.2%	$110.02	+15.0%	COM	084670702
—	Novartis Adr	6,505	$589K	0.2%	$90.55	—	COM	66987v109
NKE	Nike Inc	7,400	$574K	0.2%	$26.53	+21.2%	COM	654106103
CSCO	Cisco Systems Inc	22,613	$562K	0.2%	$16.64	0.0%	COM	17275R102
GIS	General Mills Inc	10,139	$533K	0.2%	$31.98	+11.9%	COM	370334104
BDX	Becton Dickinson & Co	4,471	$529K	0.2%	$80.23	+18.1%	COM	075887109
FANUY	Fanuc Ltd Japan	18,319	$528K	0.2%	$24.37	—	COM	307305102
EBAY	Ebay Inc Com	10,250	$513K	0.2%	$19.70	-1.6%	COM	278642103
—	Cameron Intl Corp	7,534	$510K	0.2%	$61.19	—	COM	13342B105
—	Fuji Heavy Industries B01DH73	18,000	$490K	0.1%	$21.83	—	COM	j14406136
TXN	Texas Instruments Inc	10,056	$481K	0.1%	$34.00	0.0%	COM	882508104
—	Rowe T Price Group Inc	5,647	$477K	0.1%	$73.14	—	COM	74144t108
MCD	Mc Donalds Corp	4,522	$456K	0.1%	$71.80	+4.2%	COM	580135101
—	Fedex Corp	2,916	$441K	0.1%	$151.23	—	COM	31428x106
AMGN	Amgen Inc Com	3,700	$438K	0.1%	$73.34	+13.7%	COM	031162100
—	Merck & Co Inc New	7,540	$436K	0.1%	$46.42	—	COM	58933y105
—	Canadian Pacific Railway LTD	2,396	$434K	0.1%	$181.14	—	COM	13645t100
AXP	American Express Co.	4,537	$430K	0.1%	$76.40	0.0%	COM	025816109
UNP	Union Pacific	4,126	$412K	0.1%	$74.77	0.0%	COM	907818108
SLASX	Selected Amer Shares Inc	7,763	$411K	0.1%	$47.75	—	MF	816221105
—	Comcast Corp	7,354	$395K	0.1%	$53.71	—	COM	20030n101
GILD	Gilead Sciences Inc.	4,650	$386K	0.1%	$36.21	+49.3%	COM	375558103
VWIAX	Vanguard Wellesley Income Fund	6,029	$378K	0.1%	$61.31	—	MF	921938205
—	Scottish & Southern Energy PLC	13,330	$357K	0.1%	$23.11	—	COM	0790873gb
—	Roche Holdings Switzerland	1,190	$355K	0.1%	$248.74	—	COM	711038901
—	Core Laboratories Nv	2,075	$347K	0.1%	$151.81	—	COM	n22717107
—	Unilever N V Ny Shs Newf N Y R	7,900	$346K	0.1%	$39.26	—	COM	904784709
—	Astellas Pharma Japan sedol 69	26,000	$342K	0.1%	$21.37	—	COM	j03393105
—	Spectra Energy	7,725	$328K	0.1%	$34.44	—	COM	847560109
—	Groupe Danone	21,182	$315K	0.1%	$14.87	—	COM	23636t100
PFE	Pfizer Incorporated	10,161	$302K	0.1%	$16.46	+6.6%	COM	717081103
COP	Conocophillips	3,475	$298K	0.1%	$39.96	+33.5%	COM	20825C104
—	Walgreen Company	3,970	$294K	0.1%	$53.90	—	COM	931422109
ADBE	Adobe Systems Inc	4,041	$292K	0.1%	$64.50	0.0%	COM	00724F101
AMZN	Amazon Com Inc	897	$291K	0.1%	$15.82	0.0%	COM	023135106
CNP	CenterPoint Energy Inc.	11,250	$287K	0.1%	$15.38	+5.1%	COM	15189T107
—	Bard C R Incorporated	2,000	$286K	0.1%	$108.50	—	COM	067383109
—	Unilever Plc	6,319	$286K	0.1%	$40.51	—	COM	904767704
BP	Bp Plc Spon Adr	5,121	$270K	0.1%	$41.67	—	COM	055622104
ATR	Aptar Group	4,000	$268K	0.1%	$46.93	+20.2%	COM	038336103
—	Chubb Corporation	2,839	$262K	0.1%	$84.54	—	COM	171232101
—	Kellogg Company	3,950	$260K	0.1%	$38.95	+7.2%	COM	487836108
PGR	Progressive Corp Ohio	10,009	$254K	0.1%	$17.77	0.0%	COM	743315103
—	Electrolux AB sedol B1KKBX6	10,065	$254K	0.1%	$24.45	—	COM	w24713120
—	Varian Med Sys Inc	3,000	$249K	0.1%	$67.33	—	COM	92220p105
MSFT	Microsoft Corp	5,818	$243K	0.1%	$30.02	+13.1%	COM	594918104
—	Walden Small Cap Innovation Fu	11,750	$242K	0.1%	$18.81	—	MF	101156206
—	Petrobras Cl A F	15,262	$239K	0.1%	$15.66	—	COM	71654v101
CINF	Cincinnati Financial Corporati	4,975	$239K	0.1%	$32.92	+5.6%	COM	172062101
—	Textainer Group	5,671	$219K	0.1%	$38.62	—	COM	g8766e109
WAMFX	Walden Mid Cap Fund	15,000	$217K	0.1%	$12.20	—	MF	101156800
VZ	Verizon Communications	4,340	$212K	0.1%	$27.04	-0.9%	COM	92343V104
DE	Deere & Co	2,250	$204K	0.1%	$67.46	+9.9%	COM	244199105
—	Facebook Inc.	2,978	$200K	0.1%	$67.16	—	COM	30303m102
PCARX	Pimco Credit Absolute Return	17,732	$191K	0.1%	$10.61	—	MF	72201W394
—	Cra Qualified Investment Fund	15,430	$165K	0.0%	$10.70	—	MF	204029102
—	Oppenheimer Intl Bond Fund	22,166	$137K	0.0%	$6.05	—	MF	68380t301
—	Semen Gresik TBK	90,500	$115K	0.0%	$1.72	—	COM	y7142g168
—	Centrica Plc	20,560	$110K	0.0%	$5.45	—	COM	b033f2900
—	Singapore Telecom LTD	32,000	$99,000	0.0%	$2.97	—	COM	b02py2901
—	Sandisk Corp	10,000	$20,000	0.0%	$1.30	—	CONV	80004CAD3
—	Trinity Industries	10,000	$19,000	0.0%	$1.20	—	CONV	896522AF6
—	Wright Medical Group	15,000	$15,000	0.0%	$1.00	—	CONV	98235TAA5
—	Yeuxiu Real Estate	20,000	$10,000	0.0%	$0.55	—	COM	y9865d109
—	James River Coal	15,000	$1,000	0.0%	$0.47	—	CONV	470355AF5