Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WU	Western Union Co	1,448,541	$23.7M	4.7%	$16.78	—	EQUITY	959802109
—	Broadridge Finl	592,533	$22.01M	4.4%	$32.88	—	EQUITY	11133t103
—	Legg Mason Inc	361,295	$17.72M	3.5%	$40.58	—	EQUITY	524901105
FHI	Federated Invs Inc	512,035	$15.64M	3.1%	$15.95	+3.6%	EQUITY	314211103
MKC	McCormick & Co Inc	179,195	$12.86M	2.6%	$26.95	-0.6%	EQUITY	579780206
JNJ	Johnson & Johnson	128,775	$12.65M	2.5%	$61.01	+9.2%	EQUITY	478160104
—	Willis Grp Hldgs PLC	275,042	$12.14M	2.4%	$43.81	—	EQUITY	g96666105
—	Hillenbrand Inc	372,860	$12.05M	2.4%	$29.00	—	EQUITY	431571108
—	Patterson Co Inc	287,020	$11.99M	2.4%	$41.00	—	EQUITY	703395103
SYY	Sysco Corp	322,117	$11.64M	2.3%	$24.60	+6.1%	EQUITY	871829107
CTAS	CINTAS CORP	187,325	$11.17M	2.2%	$12.05	+6.9%	EQUITY	172908105
MSFT	Microsoft Corp	270,730	$11.1M	2.2%	$27.07	+15.5%	EQUITY	594918104
PG	Procter & Gamble Co	135,447	$10.92M	2.2%	$55.41	+2.0%	EQUITY	742718109
PEP	PepsiCo Inc	128,482	$10.73M	2.1%	$56.32	+1.0%	EQUITY	713448108
GHC	Graham Hldgs Co	14,289	$10.06M	2.0%	$353.74	+1.6%	EQUITY	384637104
—	Omnicare Inc	165,393	$9.869M	2.0%	$55.86	—	EQUITY	681904108
—	Mid-America Apt Comm	140,521	$9.593M	1.9%	$68.27	—	EQUITY	59522j103
—	General Electric Co	363,233	$9.404M	1.9%	$24.07	—	EQUITY	369604103
—	Dun & Bradstreet Corp	93,886	$9.327M	1.9%	$99.61	—	EQUITY	26483e100
MATW	Matthews Intl Cl A	222,160	$9.067M	1.8%	$30.47	+3.0%	EQUITY	577128101
—	CH Robinson WW Inc	169,542	$8.882M	1.8%	$52.86	—	EQUITY	12541w209
MKL	Markel Corp	14,206	$8.468M	1.7%	$563.00	+1.2%	EQUITY	570535104
—	VCA Antech Inc	238,385	$7.683M	1.5%	$31.14	—	EQUITY	918194101
EFX	EQUIFAX INC	112,805	$7.674M	1.5%	$60.37	+3.0%	EQUITY	294429105
LSTR	Landstar Systems	127,225	$7.534M	1.5%	$58.54	—	EQUITY	515098101
—	Cisco Systems Inc	305,919	$6.857M	1.4%	$23.94	—	EQUITY	17275r102
—	Exxon Mobil Corp	65,775	$6.425M	1.3%	$91.78	—	EQUITY	30231g102
CRL	Charles River Labs Intl	101,985	$6.154M	1.2%	$51.10	+14.1%	EQUITY	159864107
—	Medtronic Inc	98,833	$6.082M	1.2%	$51.95	—	EQUITY	585055106
—	Linear Tech Corp	123,930	$6.034M	1.2%	$46.79	—	EQUITY	535678106
PFE	Pfizer Inc	181,404	$5.827M	1.2%	$16.75	+8.7%	EQUITY	717081103
ZBRA	Zebra Tech Cl A	82,200	$5.705M	1.1%	$54.42	+12.7%	EQUITY	989207105
SCHW	Schwab Charles Corp	197,294	$5.392M	1.1%	$15.92	+42.6%	EQUITY	808513105
AAPL	Apple Inc	9,668	$5.189M	1.0%	$14.73	+12.6%	EQUITY	037833100
USB	US Bancorp	117,993	$5.057M	1.0%	$22.85	+19.6%	EQUITY	902973304
WKC	World Fuel Services	114,393	$5.045M	1.0%	$42.95	+2.9%	EQUITY	981475106
INTC	Intel Corp	193,578	$4.997M	1.0%	$17.35	+7.6%	EQUITY	458140100
WAT	Waters Corp	40,364	$4.376M	0.9%	$106.52	+1.8%	EQUITY	941848103
WMT	Wal-Mart Stores Inc	56,623	$4.328M	0.9%	$19.91	-0.1%	EQUITY	931142103
UPS	United Parcel Service	42,419	$4.131M	0.8%	$56.94	+12.7%	EQUITY	911312106
—	Capital One Finl Corp	52,151	$4.024M	0.8%	$63.94	—	EQUITY	14040h105
—	Hittite Microwave Corp	63,698	$4.016M	0.8%	$63.05	—	EQUITY	43365y104
—	Ritchie Bros Auction	152,528	$3.681M	0.7%	$23.01	—	EQUITY	767744105
AXP	American Express Co	40,580	$3.653M	0.7%	$60.99	+23.8%	EQUITY	025816109
MDLZ	Mondelez Intl	105,059	$3.63M	0.7%	$23.43	+12.5%	EQUITY	609207105
IBM	Intl Business Machines	18,187	$3.501M	0.7%	$111.96	-2.4%	EQUITY	459200101
CLX	Clorox Co	36,817	$3.24M	0.6%	$61.49	+2.0%	EQUITY	189054109
—	WellPoint Inc	32,024	$3.188M	0.6%	$83.58	—	EQUITY	94973v107
EPD	Enterprise Product Ptnrs	45,483	$3.155M	0.6%	$69.37	—	EQUITY	293792107
WFC	Wells Fargo & Co	57,959	$2.883M	0.6%	$32.73	+2.1%	EQUITY	949746101
DIS	Disney Walt Co	35,206	$2.819M	0.6%	$56.80	+22.7%	EQUITY	254687106
—	Forward Air Corp	60,205	$2.776M	0.6%	$44.78	—	EQUITY	349853101
—	3M Co	19,425	$2.635M	0.5%	$112.03	—	EQUITY	88579y101
EMR	Emerson Electric	38,071	$2.543M	0.5%	$41.08	+16.3%	EQUITY	291011104
BMY	Bristol-Myers Squibb Co	47,883	$2.488M	0.5%	$34.98	+2.7%	EQUITY	110122108
—	Anheuser-Busch Inbev	23,090	$2.431M	0.5%	$94.68	—	EQUITY	03524a108
WDFC	WD-40 Co	30,850	$2.393M	0.5%	$59.93	+0.4%	EQUITY	929236107
PAYX	Paychex Inc	54,849	$2.337M	0.5%	$25.86	+14.0%	EQUITY	704326107
MORN	Morningstar Inc	29,000	$2.292M	0.5%	$79.62	+0.0%	EQUITY	617700109
—	Markwest Energy Ptnrs LP	35,000	$2.286M	0.5%	$65.51	—	EQUITY	570759100
BIDU	Baidu Inc ADS	15,000	$2.284M	0.5%	$94.61	—	EQUITY	056752108
WM	Waste Mgmt Inc	52,996	$2.23M	0.4%	$31.59	+3.7%	EQUITY	94106L109
CPB	Campbell Soup Co	47,130	$2.115M	0.4%	$30.30	-2.0%	EQUITY	134429109
CHH	Choice Hotels Intl	45,200	$2.079M	0.4%	$42.23	+0.6%	EQUITY	169905106
—	Mackinac Finl Corp	160,104	$2.008M	0.4%	$8.89	—	EQUITY	554571109
—	Freeport-McMoRan	60,000	$1.984M	0.4%	$33.07	—	EQUITY	35671d857
—	Duke Energy Corp	26,900	$1.916M	0.4%	$70.68	—	EQUITY	26441c204
VOO	Vanguard S&P 500 ETF	11,170	$1.914M	0.4%	$169.15	—	ETF	922908363
—	Kinder Morgan Energy Ptnrs LP	25,200	$1.864M	0.4%	$73.97	—	EQUITY	494550106
—	Sigma-Aldrich Corp	19,945	$1.862M	0.4%	$82.97	—	EQUITY	826552101
—	Holly Energy Ptnrs LP	50,000	$1.659M	0.3%	$33.18	—	EQUITY	435763107
BDX	Becton Dickinson & Co	13,075	$1.531M	0.3%	$79.46	+15.1%	EQUITY	075887109
NUE	Nucor Corp	30,200	$1.526M	0.3%	$37.50	0.0%	EQUITY	670346105
WLY	John Wiley & Sons	26,273	$1.514M	0.3%	$29.17	+35.1%	EQUITY	968223206
—	Verizon Comm	31,765	$1.511M	0.3%	$48.23	—	EQUITY	92343v104
—	Google Inc Cl A	1,329	$1.481M	0.3%	$937.10	—	EQUITY	38259p508
AJG	Arthur J Gallagher & Co	29,355	$1.397M	0.3%	$34.13	+8.4%	EQUITY	363576109
—	Visa Inc	5,769	$1.245M	0.2%	$189.10	—	EQUITY	92826c839
—	Du Pont EI deNemours	18,417	$1.236M	0.2%	$67.11	—	EQUITY	263534109
F	Ford Motor Co	71,981	$1.123M	0.2%	$7.87	+6.3%	EQUITY	345370860
PAA	Plains All American Pipeline LP	20,200	$1.113M	0.2%	$55.10	—	EQUITY	726503105
—	ConocoPhillips	15,393	$1.083M	0.2%	$70.36	—	EQUITY	20825c104
—	BCE Inc	25,000	$1.079M	0.2%	$43.16	—	EQUITY	05534b760
—	Mastercard Inc Cl A	13,135	$981K	0.2%	$128.23	—	EQUITY	57636q104
—	Northeast Utilities	20,000	$910K	0.2%	$45.50	—	EQUITY	664397106
SO	Southern Co	20,000	$879K	0.2%	$25.27	0.0%	EQUITY	842587107
MCD	McDonalds Corp	8,916	$874K	0.2%	$71.80	-2.1%	EQUITY	580135101
—	Kraft Foods Grp	15,349	$861K	0.2%	$56.09	—	EQUITY	50076q106
KO	Coca Cola Co	22,234	$860K	0.2%	$27.85	-4.7%	EQUITY	191216100
—	Century Bancorp Cl A	25,000	$853K	0.2%	$34.12	—	EQUITY	156432106
—	Diageo PLC ADR	5,933	$739K	0.1%	$118.51	—	EQUITY	25243q205
—	Costco Wholesale	6,433	$718K	0.1%	$111.92	—	EQUITY	22160k105
GGG	Graco Inc	9,608	$718K	0.1%	$17.18	+23.6%	EQUITY	384109104
—	BioMarin Pharma	10,493	$716K	0.1%	$72.14	—	EQUITY	09061g101
—	Seadrill Ltd	20,000	$703K	0.1%	$35.15	—	EQUITY	g7945e105
IP	Intl Paper Co	15,000	$688K	0.1%	$27.24	0.0%	EQUITY	460146103
BHP	BHP Billiton Ltd	10,000	$678K	0.1%	$67.80	—	EQUITY	088606108
—	Vodafone Grp ADR	17,694	$651K	0.1%	$36.79	—	EQUITY	92857w308
—	El Paso Pipeln Ptnrs LP	20,000	$608K	0.1%	$30.40	—	EQUITY	283702108
VTR	Ventas Inc	10,000	$606K	0.1%	$41.21	0.0%	EQUITY	92276F100
LLY	Lilly Eli & Co	10,200	$600K	0.1%	$44.54	0.0%	EQUITY	532457108
VEA	Vanguard FTSE Dev Mkt ETF	14,455	$596K	0.1%	$38.12	—	ETF	921943858
PM	Philip Morris Intl	7,265	$595K	0.1%	$44.74	0.0%	EQUITY	718172109
—	Starwood Ppty Tr	25,000	$590K	0.1%	$23.60	—	EQUITY	85571b105
MGC	Vanguard MegaCap ETF	8,598	$549K	0.1%	$55.66	—	ETF	921910873
—	Energy Transfer Ptnrs	10,000	$538K	0.1%	$53.80	—	EQUITY	29273r109
CAT	Caterpillar Inc	5,133	$510K	0.1%	$64.53	+8.0%	EQUITY	149123101
HD	Home Depot Inc	6,336	$501K	0.1%	$59.24	+1.7%	EQUITY	437076102
—	NextEra Energy Inc	5,200	$497K	0.1%	$95.58	—	EQUITY	65339f101
—	Sotheby's	10,000	$436K	0.1%	$43.60	—	EQUITY	835898107
UNP	Union Pacific Corp	2,261	$424K	0.1%	$60.94	+12.0%	EQUITY	907818108
—	Qunar Cayman Islands ADR	13,600	$416K	0.1%	$26.54	—	EQUITY	74906p104
VO	Vanguard M/C ETF	3,658	$415K	0.1%	$96.58	—	ETF	922908629
BA	Boeing Co	3,198	$401K	0.1%	$111.14	+0.5%	EQUITY	097023105
—	Brookfield Infras Ptnrs LP	10,000	$395K	0.1%	$39.50	—	EQUITY	g16252101
CHD	Church & Dwight Co	5,530	$382K	0.1%	$27.58	+2.2%	EQUITY	171340102
—	Gaming & Leisure Pptys	10,000	$365K	0.1%	$36.50	—	EQUITY	36467j108
SLB	Schlumberger Ltd	3,687	$359K	0.1%	$65.48	0.0%	EQUITY	806857108
—	General Motors Co	10,358	$357K	0.1%	$34.47	—	EQUITY	37045v100
TR	Tootsie Roll Industries	11,845	$355K	0.1%	$23.69	-4.4%	EQUITY	890516107
RLI	RLI Corp	8,000	$354K	0.1%	$14.22	-3.0%	EQUITY	749607107
—	Valspar Corp	4,810	$347K	0.1%	$65.10	—	EQUITY	920355104
SCSC	ScanSource Inc	8,500	$347K	0.1%	$39.45	-0.2%	EQUITY	806037107
—	AT&T Inc	9,745	$342K	0.1%	$35.34	—	EQUITY	00206r102
ECL	Ecolab Inc	3,150	$340K	0.1%	$91.92	0.0%	EQUITY	278865100
TXN	Texas Instruments	7,063	$333K	0.1%	$25.31	+26.2%	EQUITY	882508104
—	Monsanto Co	2,640	$300K	0.1%	$116.58	—	EQUITY	61166w101
CPRT	Copart Inc	8,166	$297K	0.1%	$4.25	+4.3%	EQUITY	217204106
BRK/B	Berkshire Hath Cl B	2,267	$283K	0.1%	$110.02	+6.2%	EQUITY	084670702
POST	Post Holdings	5,000	$276K	0.1%	$29.44	+21.9%	EQUITY	737446104
VB	Vanguard S/C ETF	2,436	$275K	0.1%	$94.61	—	ETF	922908751
SUI	Sun Communities	6,000	$271K	0.1%	$48.88	—	EQUITY	866674104
—	LyondellBasell Inds NV	3,000	$267K	0.1%	$89.00	—	EQUITY	n53745100
TIP	iShares TIPS Bd ETF	2,355	$264K	0.1%	$109.98	—	ETF	464287176
SYK	Stryker Corp	3,236	$264K	0.1%	$56.92	+21.3%	EQUITY	863667101
VWO	Vanguard FTSE Emerging Mkts ETF	6,475	$263K	0.1%	$41.13	—	ETF	922042858
—	FedEx Corp	1,905	$253K	0.1%	$102.04	—	EQUITY	31428x106
—	ITC Hldgs Corp	6,593	$246K	0.0%	$56.16	—	EQUITY	465685105
FICO	Fair Isaac Corp	4,100	$227K	0.0%	$49.69	+10.9%	EQUITY	303250104
—	Techne Corp	2,600	$222K	0.0%	$94.62	—	EQUITY	878377100
ACH	Owens & Minor Inc	6,200	$217K	0.0%	$30.32	-3.2%	EQUITY	690732102
—	SPDR Gold Shares	1,750	$216K	0.0%	$123.43	—	ETF	78463v107
WY	Weyerhaeuser Co	6,865	$201K	0.0%	$18.73	+1.6%	EQUITY	962166104
—	Body Central Corp	10,000	$11,000	0.0%	$1.10	—	EQUITY	09689u102