Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WU	Western Union Co	1,619,486	$28.08M	5.2%	$16.84	—	EQUITY	959802109
—	Broadridge Finl	593,148	$24.7M	4.5%	$32.88	—	EQUITY	11133t103
—	Legg Mason Inc	334,165	$17.15M	3.2%	$40.58	—	EQUITY	524901105
—	Willis Grp Hldgs PLC	368,213	$15.94M	2.9%	$43.68	—	EQUITY	g96666105
FHI	Federated Invs Inc	513,055	$15.86M	2.9%	$15.95	+8.4%	EQUITY	314211103
PG	Procter & Gamble Co	191,140	$15.02M	2.8%	$56.24	+3.6%	EQUITY	742718109
JNJ	Johnson & Johnson	130,960	$13.7M	2.5%	$61.22	+19.5%	EQUITY	478160104
SYY	Sysco Corp	363,479	$13.61M	2.5%	$24.86	+8.2%	EQUITY	871829107
—	Hillenbrand Inc	399,705	$13.04M	2.4%	$29.24	—	EQUITY	431571108
—	CH Robinson	200,782	$12.81M	2.4%	$54.56	—	EQUITY	12541w209
MKC	McCormick & Co Inc	178,068	$12.75M	2.3%	$26.95	+6.0%	EQUITY	579780206
MATW	Matthews Intl Cl A	299,935	$12.47M	2.3%	$30.65	+1.7%	EQUITY	577128101
PEP	PepsiCo Inc	138,687	$12.39M	2.3%	$56.66	+7.5%	EQUITY	713448108
CTAS	Cintas Corp	188,540	$11.98M	2.2%	$12.05	+9.5%	EQUITY	172908105
—	Patterson Co Inc	301,865	$11.93M	2.2%	$40.93	—	EQUITY	703395103
MSFT	Microsoft Corp	280,187	$11.68M	2.2%	$27.30	+24.4%	EQUITY	594918104
—	Omnicare Inc	161,628	$10.76M	2.0%	$55.86	—	EQUITY	681904108
—	General Electric Co	404,276	$10.62M	2.0%	$24.29	—	EQUITY	369604103
—	Mid-America Apt Comm	142,724	$10.43M	1.9%	$68.34	—	EQUITY	59522j103
GHC	Graham Hldgs Co	13,800	$9.91M	1.8%	$353.74	+4.1%	EQUITY	384637104
—	Dun & Bradstreet Corp	89,338	$9.845M	1.8%	$99.61	—	EQUITY	26483e100
MKL	Markel Corp	14,542	$9.534M	1.8%	$564.55	+11.6%	EQUITY	570535104
EFX	Equifax Inc	116,250	$8.433M	1.6%	$60.44	+3.6%	EQUITY	294429105
—	Cisco Systems Inc	333,743	$8.293M	1.5%	$24.01	—	EQUITY	17275r102
—	VCA Inc	232,110	$8.144M	1.5%	$31.14	—	EQUITY	918194101
LSTR	Landstar Systems	121,547	$7.779M	1.4%	$58.54	—	EQUITY	515098101
—	Exxon Mobil Corp	69,947	$7.042M	1.3%	$92.31	—	EQUITY	30231g102
INTC	Intel Corp	218,817	$6.762M	1.2%	$17.73	+16.7%	EQUITY	458140100
—	Linear Tech Corp	127,280	$5.991M	1.1%	$46.80	—	EQUITY	535678106
BRO	Brown & Brown Inc	192,010	$5.896M	1.1%	$13.44	0.0%	EQUITY	115236101
PFE	Pfizer Inc	190,570	$5.656M	1.0%	$16.79	+4.5%	EQUITY	717081103
USB	US Bancorp	126,748	$5.491M	1.0%	$23.20	+20.3%	EQUITY	902973304
—	Medtronic Inc	85,500	$5.451M	1.0%	$51.95	—	EQUITY	585055106
CRL	Charles River Labs Intl	100,095	$5.357M	1.0%	$51.10	+7.4%	EQUITY	159864107
WKC	World Fuel Services	108,453	$5.339M	1.0%	$42.95	+6.5%	EQUITY	981475106
SCHW	Schwab Charles Corp	191,955	$5.169M	1.0%	$15.92	+43.6%	EQUITY	808513105
WMT	Wal-Mart Stores Inc	68,408	$5.135M	0.9%	$20.02	+2.5%	EQUITY	931142103
—	Hittite Microwave Corp	63,348	$4.938M	0.9%	$63.05	—	EQUITY	43365y104
AAPL	Apple Inc	53,099	$4.934M	0.9%	$17.94	+4.0%	EQUITY	037833100
—	Capital One Finl Corp	57,401	$4.741M	0.9%	$65.64	—	EQUITY	14040h105
IBM	Intl Business Machines	25,097	$4.549M	0.8%	$112.05	+0.2%	EQUITY	459200101
UPS	United Parcel Service	44,092	$4.526M	0.8%	$57.31	+16.2%	EQUITY	911312106
WAT	Waters Corp	42,129	$4.4M	0.8%	$106.46	-1.2%	EQUITY	941848103
CLX	Clorox Co	45,640	$4.171M	0.8%	$62.07	+3.9%	EQUITY	189054109
MDLZ	Mondelez Intl	107,884	$4.058M	0.7%	$23.56	+20.1%	EQUITY	609207105
AXP	American Express Co	42,325	$4.015M	0.7%	$61.63	+24.0%	EQUITY	025816109
—	LabCorp of America	37,895	$3.881M	0.7%	$102.41	—	EQUITY	50540r409
EPD	Enterprise Product Ptnrs	45,483	$3.561M	0.7%	$69.37	—	EQUITY	293792107
EMR	Emerson Electric	53,665	$3.561M	0.7%	$43.42	+13.2%	EQUITY	291011104
—	Ritchie Bros Auction	142,403	$3.511M	0.6%	$23.01	—	EQUITY	767744105
—	Freeport-McMoRan	87,350	$3.188M	0.6%	$34.14	—	EQUITY	35671d857
—	WellPoint Inc	28,890	$3.109M	0.6%	$83.58	—	EQUITY	94973v107
WFC	Wells Fargo & Co	58,259	$3.062M	0.6%	$32.73	+10.9%	EQUITY	949746101
DIS	Disney Walt Co	35,276	$3.025M	0.6%	$56.80	+29.3%	EQUITY	254687106
PAYX	Paychex Inc	72,095	$2.996M	0.6%	$26.56	+8.4%	EQUITY	704326107
—	3M Co	19,680	$2.819M	0.5%	$112.43	—	EQUITY	88579y101
—	Anheuser-Busch Inbev	24,395	$2.804M	0.5%	$95.76	—	EQUITY	03524a108
WM	Waste Mgmt Inc	57,028	$2.551M	0.5%	$31.78	+8.0%	EQUITY	94106L109
—	Markwest Energy Ptnrs LP	35,000	$2.505M	0.5%	$65.51	—	EQUITY	570759100
CPB	Campbell Soup Co	52,245	$2.393M	0.4%	$30.43	+3.7%	EQUITY	134429109
BMY	Bristol-Myers Squibb Co	45,733	$2.219M	0.4%	$34.98	-4.2%	EQUITY	110122108
—	Sigma-Aldrich Corp	20,480	$2.078M	0.4%	$83.45	—	EQUITY	826552101
—	Kinder Morgan Energy Ptnrs LP	25,200	$2.072M	0.4%	$73.97	—	EQUITY	494550106
—	Mackinac Finl Corp	160,104	$2.066M	0.4%	$8.89	—	EQUITY	554571109
WDFC	WD-40 Co	27,050	$2.035M	0.4%	$59.93	+1.4%	EQUITY	929236107
—	Duke Energy Corp	26,900	$1.996M	0.4%	$70.68	—	EQUITY	26441c204
CHH	Choice Hotels Intl	41,800	$1.969M	0.4%	$42.23	-5.6%	EQUITY	169905106
MORN	Morningstar Inc	26,700	$1.917M	0.4%	$79.62	-8.2%	EQUITY	617700109
—	Holly Energy Ptnrs LP	50,000	$1.72M	0.3%	$33.18	—	EQUITY	435763107
BDX	Becton Dickinson & Co	13,565	$1.605M	0.3%	$80.01	+18.4%	EQUITY	075887109
F	Ford Motor Co	89,875	$1.549M	0.3%	$8.07	+9.9%	EQUITY	345370860
WLY	John Wiley & Sons	24,678	$1.495M	0.3%	$29.17	+38.7%	EQUITY	968223206
NUE	Nucor Corp	30,200	$1.487M	0.3%	$37.50	+3.0%	EQUITY	670346105
—	Verizon Comm	29,165	$1.427M	0.3%	$48.23	—	EQUITY	92343v104
—	ConocoPhillips	15,393	$1.32M	0.2%	$70.36	—	EQUITY	20825c104
—	Visa Inc	5,839	$1.23M	0.2%	$189.35	—	EQUITY	92826c839
PAA	Plains All American Pipeline LP	20,200	$1.213M	0.2%	$55.10	—	EQUITY	726503105
—	Du Pont EI deNemours	18,417	$1.205M	0.2%	$67.11	—	EQUITY	263534109
—	BCE Inc	25,000	$1.134M	0.2%	$43.16	—	EQUITY	05534b760
IP	Intl Paper Co	20,000	$1.009M	0.2%	$27.19	-0.5%	EQUITY	460146103
—	Seadrill Ltd	25,000	$999K	0.2%	$36.11	—	EQUITY	g7945e105
SO	Southern Co	22,000	$998K	0.2%	$25.43	+6.1%	EQUITY	842587107
PM	Philip Morris Intl	11,665	$983K	0.2%	$46.06	+4.7%	EQUITY	718172109
—	Mastercard Inc Cl A	13,260	$974K	0.2%	$128.23	—	EQUITY	57636q104
—	Northeast Utilities	20,000	$945K	0.2%	$45.50	—	EQUITY	664397106
KO	Coca Cola Co	21,676	$918K	0.2%	$27.85	+0.9%	EQUITY	191216100
—	Kraft Foods Grp	15,316	$918K	0.2%	$56.09	—	EQUITY	50076q106
—	Century Bancorp Cl A	25,000	$884K	0.2%	$34.12	—	EQUITY	156432106
MCD	McDonalds Corp	8,552	$862K	0.2%	$71.80	+4.2%	EQUITY	580135101
GGG	Graco Inc	9,913	$774K	0.1%	$17.30	+21.6%	EQUITY	384109104
—	Diageo PLC ADR	5,858	$746K	0.1%	$118.51	—	EQUITY	25243q205
—	El Paso Pipeln Ptnrs LP	20,000	$725K	0.1%	$30.40	—	EQUITY	283702108
—	BioMarin Pharma	11,493	$715K	0.1%	$71.28	—	EQUITY	09061g101
BHP	BHP Billiton Ltd	10,000	$685K	0.1%	$67.80	—	EQUITY	088606108
VEA	Vanguard FTSE Dev Mkt ETF	15,375	$655K	0.1%	$38.39	—	ETF	921943858
—	Vodafone Grp ADR	19,339	$646K	0.1%	$36.50	—	EQUITY	92857w308
VTR	Ventas Inc	10,000	$641K	0.1%	$41.21	+8.1%	EQUITY	92276F100
LLY	Lilly Eli & Co	10,200	$634K	0.1%	$44.54	+7.8%	EQUITY	532457108
—	Starwood Ppty Tr	25,000	$594K	0.1%	$23.60	—	EQUITY	85571b105
CAT	Caterpillar Inc	5,408	$588K	0.1%	$65.22	+19.6%	EQUITY	149123101
—	Energy Transfer Ptnrs	10,000	$580K	0.1%	$53.80	—	EQUITY	29273r109
—	Costco Wholesale	4,958	$571K	0.1%	$111.92	—	EQUITY	22160k105
SLB	Schlumberger Ltd	4,751	$560K	0.1%	$67.58	+10.8%	EQUITY	806857108
—	NextEra Energy Inc	5,200	$533K	0.1%	$95.58	—	EQUITY	65339f101
HD	Home Depot Inc	6,561	$531K	0.1%	$59.27	+1.4%	EQUITY	437076102
UNP	Union Pacific Corp	5,222	$521K	0.1%	$68.78	+8.7%	EQUITY	907818108
—	Google Inc Cl A	829	$485K	0.1%	$937.10	—	EQUITY	38259p508
—	Google Inc Cl C	839	$483K	0.1%	$575.69	—	EQUITY	38259p706
VO	Vanguard M/C ETF	3,823	$454K	0.1%	$97.54	—	ETF	922908629
CHD	Church & Dwight Co	6,205	$434K	0.1%	$27.77	+5.7%	EQUITY	171340102
—	Sotheby's	10,000	$420K	0.1%	$43.60	—	EQUITY	835898107
—	Brookfield Infr Ptnrs LP	10,000	$417K	0.1%	$39.50	—	EQUITY	g16252101
BA	Boeing Co	3,273	$416K	0.1%	$111.17	+1.3%	EQUITY	097023105
—	Qunar Cayman Islands ADR	13,600	$388K	0.1%	$26.54	—	EQUITY	74906p104
—	General Motors Co	10,495	$381K	0.1%	$34.49	—	EQUITY	37045v100
—	Gaming & Leisure Pptys	10,000	$340K	0.1%	$36.50	—	EQUITY	36467j108
VWO	Vanguard FTSE Emerging Mkts ETF	7,755	$335K	0.1%	$41.47	—	ETF	922042858
TXN	Texas Instruments	7,000	$335K	0.1%	$25.31	+34.4%	EQUITY	882508104
—	AT&T Inc	9,324	$330K	0.1%	$35.34	—	EQUITY	00206r102
VB	Vanguard S/C ETF	2,572	$301K	0.1%	$95.80	—	ETF	922908751
CPRT	Copart Inc	8,166	$294K	0.1%	$4.25	+6.0%	EQUITY	217204106
ECL	Ecolab Inc	2,600	$289K	0.1%	$91.92	+2.5%	EQUITY	278865100
BRK/B	Berkshire Hath Cl B	2,267	$287K	0.1%	$110.02	+15.0%	EQUITY	084670702
—	FedEx Corp	1,805	$273K	0.1%	$102.04	—	EQUITY	31428x106
—	ITC Hldgs Corp	6,619	$241K	0.0%	$56.16	—	EQUITY	465685105
SYK	Stryker Corp	2,636	$222K	0.0%	$56.92	+25.0%	EQUITY	863667101
FICO	Fair Isaac Corp	3,367	$215K	0.0%	$49.69	+14.7%	EQUITY	303250104
—	SPDR Gold Shs	1,600	$205K	0.0%	$123.43	—	ETF	78463v107
—	Chubb Corp	2,200	$203K	0.0%	$92.27	—	EQUITY	171232101
—	Peabody Energy Corp	10,000	$164K	0.0%	$16.40	—	EQUITY	704549104
—	Sharps Compliance Corp	13,500	$59,000	0.0%	$4.37	—	EQUITY	820017101
—	Body Central Corp	10,000	$9,000	0.0%	$1.10	—	EQUITY	09689u102