Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WU	Western Union Co	1,743,814	$27.97M	4.8%	$16.78	—	EQUITY	959802109
—	Broadridge Finl	644,769	$26.84M	4.6%	$33.58	—	EQUITY	11133t103
—	Legg Mason Inc	341,767	$17.48M	3.0%	$40.81	—	EQUITY	524901105
PG	Procter & Gamble Co	207,341	$17.36M	3.0%	$56.52	+5.7%	EQUITY	742718109
—	Willis Grp Hldgs PLC	407,988	$16.89M	2.9%	$43.46	—	EQUITY	g96666105
FHI	Federated Invs Inc	530,447	$15.57M	2.7%	$16.01	+12.3%	EQUITY	314211103
SYY	Sysco Corp	396,769	$15.06M	2.6%	$25.09	+9.9%	EQUITY	871829107
JNJ	Johnson & Johnson	140,967	$15.03M	2.6%	$62.23	+21.4%	EQUITY	478160104
MATW	Matthews Intl Cl A	313,795	$13.77M	2.4%	$30.80	+10.8%	EQUITY	577128101
CTAS	Cintas Corp	194,260	$13.71M	2.4%	$12.12	+17.2%	EQUITY	172908105
MSFT	Microsoft Corp	295,042	$13.68M	2.4%	$27.83	+35.4%	EQUITY	594918104
—	CH Robinson	206,197	$13.68M	2.3%	$54.87	—	EQUITY	12541w209
PEP	PepsiCo Inc	146,776	$13.66M	2.3%	$57.11	+13.6%	EQUITY	713448108
—	Patterson Co Inc	318,365	$13.19M	2.3%	$40.95	—	EQUITY	703395103
—	Hillenbrand Inc	414,950	$12.82M	2.2%	$29.30	—	EQUITY	431571108
—	General Electric Co	492,420	$12.62M	2.2%	$24.53	—	EQUITY	369604103
MKC	McCormick & Co Inc	185,243	$12.39M	2.1%	$26.98	+2.6%	EQUITY	579780206
—	Dun & Bradstreet Corp	92,310	$10.84M	1.9%	$100.18	—	EQUITY	26483e100
MKL	Markel Corp	16,433	$10.45M	1.8%	$573.82	+12.4%	EQUITY	570535104
—	Omnicare Inc	167,045	$10.4M	1.8%	$56.07	—	EQUITY	681904108
BRO	Brown & Brown Inc	312,265	$10.04M	1.7%	$13.73	+3.4%	EQUITY	115236101
GHC	Graham Hldgs Co	14,328	$10.02M	1.7%	$354.77	+7.6%	EQUITY	384637104
—	Mid-America Apt Comm	142,724	$9.37M	1.6%	$68.34	—	EQUITY	59522j103
LSTR	Landstar Systems	128,612	$9.284M	1.6%	$59.29	—	EQUITY	515098101
EFX	EQUIFAX INC	122,570	$9.161M	1.6%	$60.84	+12.0%	EQUITY	294429105
—	Cisco Systems Inc	360,783	$9.081M	1.6%	$24.10	—	EQUITY	17275r102
INTC	Intel Corp	228,292	$7.949M	1.4%	$18.06	+42.5%	EQUITY	458140100
—	Exxon Mobil Corp	78,128	$7.348M	1.3%	$92.49	—	EQUITY	30231g102
—	VCA Inc	167,310	$6.58M	1.1%	$31.14	—	EQUITY	918194101
CRL	Charles River Labs Intl	106,660	$6.372M	1.1%	$51.47	+11.2%	EQUITY	159864107
WMT	Wal-Mart Stores Inc	83,078	$6.353M	1.1%	$20.07	+1.2%	EQUITY	931142103
PFE	Pfizer Inc	204,402	$6.044M	1.0%	$16.84	+3.6%	EQUITY	717081103
POST	Post Holdings	176,635	$5.861M	1.0%	$26.68	0.0%	EQUITY	737446104
—	Linear Tech Corp	130,780	$5.805M	1.0%	$46.73	—	EQUITY	535678106
USB	US Bancorp	138,003	$5.773M	1.0%	$23.63	+20.3%	EQUITY	902973304
—	Medtronic Inc	91,372	$5.66M	1.0%	$52.60	—	EQUITY	585055106
SCHW	Schwab Charles Corp	187,017	$5.496M	0.9%	$15.92	+55.2%	EQUITY	808513105
AAPL	Apple Inc	53,429	$5.383M	0.9%	$17.94	+20.5%	EQUITY	037833100
IBM	Intl Business Machines	28,037	$5.322M	0.9%	$112.29	+1.8%	EQUITY	459200101
CLX	Clorox Co	53,147	$5.104M	0.9%	$62.58	+4.9%	EQUITY	189054109
UPS	United Parcel Service	51,848	$5.096M	0.9%	$58.66	+13.1%	EQUITY	911312106
—	Capital One Finl Corp	60,021	$4.899M	0.8%	$66.34	—	EQUITY	14040h105
WAT	Waters Corp	45,769	$4.537M	0.8%	$106.19	-2.9%	EQUITY	941848103
WKC	World Fuel Services	112,783	$4.502M	0.8%	$43.02	+4.0%	EQUITY	981475106
—	LabCorp of America	41,760	$4.249M	0.7%	$102.35	—	EQUITY	50540r409
PAYX	Paychex Inc	91,428	$4.041M	0.7%	$27.23	+9.2%	EQUITY	704326107
AXP	American Express Co	44,730	$3.916M	0.7%	$62.43	+22.5%	EQUITY	025816109
MDLZ	Mondelez Intl	114,229	$3.914M	0.7%	$23.82	+18.9%	EQUITY	609207105
EPD	Enterprise Product Ptnrs	90,000	$3.627M	0.6%	$54.99	—	EQUITY	293792107
EMR	Emerson Electric	57,737	$3.613M	0.6%	$43.73	+9.2%	EQUITY	291011104
—	WellPoint Inc	29,020	$3.471M	0.6%	$83.58	—	EQUITY	94973v107
—	Ritchie Bros Auction	151,395	$3.39M	0.6%	$22.97	—	EQUITY	767744105
WFC	Wells Fargo & Co	64,045	$3.322M	0.6%	$33.15	+12.9%	EQUITY	949746101
DIS	Disney Walt Co	36,798	$3.276M	0.6%	$57.73	+37.4%	EQUITY	254687106
—	Sigma-Aldrich Corp	23,050	$3.135M	0.5%	$89.31	—	EQUITY	826552101
—	Anheuser-Busch Inbev	27,415	$3.039M	0.5%	$97.42	—	EQUITY	03524a108
—	3M Co	21,165	$2.999M	0.5%	$114.48	—	EQUITY	88579y101
WM	Waste Mgmt Inc	60,043	$2.854M	0.5%	$32.02	+13.8%	EQUITY	94106L109
—	Freeport-McMoRan	86,100	$2.811M	0.5%	$34.14	—	EQUITY	35671d857
—	Markwest Energy Ptnrs LP	35,000	$2.689M	0.5%	$65.51	—	EQUITY	570759100
CPB	Campbell Soup Co	61,635	$2.634M	0.5%	$30.48	+1.0%	EQUITY	134429109
—	Kinder Morgan Energy Ptnrs LP	25,200	$2.351M	0.4%	$73.97	—	EQUITY	494550106
BMY	Bristol-Myers Squibb Co	45,283	$2.318M	0.4%	$34.98	-2.2%	EQUITY	110122108
VOO	Vanguard S&P 500 ETF	12,540	$2.265M	0.4%	$180.62	—	ETF	922908363
CHH	Choice Hotels Intl	41,800	$2.174M	0.4%	$42.23	+6.2%	EQUITY	169905106
F	Ford Motor Co	139,715	$2.066M	0.4%	$8.54	+9.9%	EQUITY	345370860
—	Duke Energy Corp	26,700	$1.996M	0.3%	$70.68	—	EQUITY	26441c204
—	Mackinac Finl Corp	166,354	$1.88M	0.3%	$8.98	—	EQUITY	554571109
WDFC	WD-40 Co	27,050	$1.838M	0.3%	$59.93	-3.4%	EQUITY	929236107
—	Holly Energy Ptnrs LP	50,000	$1.82M	0.3%	$33.18	—	EQUITY	435763107
MORN	Morningstar Inc	26,700	$1.813M	0.3%	$79.62	-14.0%	EQUITY	617700109
NUE	Nucor Corp	30,200	$1.639M	0.3%	$37.50	+6.7%	EQUITY	670346105
WLY	John Wiley & Sons	29,008	$1.627M	0.3%	$31.18	+36.7%	EQUITY	968223206
—	Verizon Comm	30,762	$1.538M	0.3%	$48.32	—	EQUITY	92343v104
BDX	Becton Dickinson & Co	13,340	$1.518M	0.3%	$80.01	+19.6%	EQUITY	075887109
—	Du Pont EI deNemours	18,000	$1.292M	0.2%	$67.11	—	EQUITY	263534109
—	Visa Inc	5,737	$1.224M	0.2%	$189.35	—	EQUITY	92826c839
PAA	Plains All American Pipeline LP	20,200	$1.189M	0.2%	$55.10	—	EQUITY	726503105
—	ConocoPhillips	15,393	$1.178M	0.2%	$70.36	—	EQUITY	20825c104
—	BCE Inc	25,000	$1.069M	0.2%	$43.16	—	EQUITY	05534b760
—	Mastercard Inc Cl A	13,750	$1.016M	0.2%	$126.29	—	EQUITY	57636q104
PM	Philip Morris Intl	11,665	$973K	0.2%	$46.06	+4.0%	EQUITY	718172109
SO	Southern Co	22,000	$960K	0.2%	$25.43	+6.6%	EQUITY	842587107
IP	Intl Paper Co	20,000	$955K	0.2%	$27.19	+5.3%	EQUITY	460146103
KO	Coca Cola Co	20,959	$894K	0.2%	$27.85	+3.6%	EQUITY	191216100
—	Northeast Utilities	20,000	$886K	0.2%	$45.50	—	EQUITY	664397106
—	Century Bancorp Cl A	25,000	$866K	0.1%	$34.12	—	EQUITY	156432106
—	Kraft Foods Grp	15,316	$864K	0.1%	$56.09	—	EQUITY	50076q106
GGG	Graco Inc	11,788	$860K	0.1%	$17.99	+20.4%	EQUITY	384109104
—	El Paso Pipeln Ptnrs LP	20,000	$803K	0.1%	$30.40	—	EQUITY	283702108
MCD	McDonalds Corp	8,423	$799K	0.1%	$71.80	-0.8%	EQUITY	580135101
MGC	Vanguard MegaCap ETF	10,766	$727K	0.1%	$67.53	—	ETF	921910873
—	Seadrill Ltd	25,000	$669K	0.1%	$36.11	—	EQUITY	g7945e105
LLY	Lilly Eli & Co	10,200	$661K	0.1%	$44.54	+15.3%	EQUITY	532457108
—	Energy Transfer Ptnrs	10,000	$640K	0.1%	$53.80	—	EQUITY	29273r109
—	Costco Wholesale	5,100	$639K	0.1%	$112.29	—	EQUITY	22160k105
—	Vodafone Grp ADR	19,166	$630K	0.1%	$36.50	—	EQUITY	92857w308
VTR	Ventas Inc	10,000	$620K	0.1%	$41.21	+7.3%	EQUITY	92276F100
HD	Home Depot Inc	6,586	$604K	0.1%	$59.27	+10.9%	EQUITY	437076102
BHP	BHP Billiton Ltd	10,000	$589K	0.1%	$67.80	—	EQUITY	088606108
SLB	Schlumberger Ltd	5,721	$582K	0.1%	$69.60	+14.2%	EQUITY	806857108
CAT	Caterpillar Inc	5,604	$555K	0.1%	$65.71	+20.7%	EQUITY	149123101
—	Diageo PLC ADR	4,779	$551K	0.1%	$118.51	—	EQUITY	25243q205
—	Starwood Ppty Tr	25,000	$549K	0.1%	$23.60	—	EQUITY	85571b105
VO	Vanguard M/C ETF	4,577	$537K	0.1%	$100.80	—	ETF	922908629
VEA	Vanguard FTSE Dev Mkt ETF	13,037	$518K	0.1%	$38.39	—	ETF	921943858
—	Google Inc Cl C	864	$499K	0.1%	$575.74	—	EQUITY	38259p706
—	Google Inc Cl A	829	$488K	0.1%	$937.10	—	EQUITY	38259p508
—	NextEra Energy Inc	5,200	$488K	0.1%	$95.58	—	EQUITY	65339f101
BA	Boeing Co	3,248	$414K	0.1%	$111.17	-1.7%	EQUITY	097023105
—	Blackstone Mtg Tr Cl A	15,000	$407K	0.1%	$27.13	—	EQUITY	09257w100
—	Brookfield Infr Ptnrs LP	10,000	$380K	0.1%	$39.50	—	EQUITY	g16252101
—	Qunar Cayman Islands ADR	13,600	$376K	0.1%	$26.54	—	EQUITY	74906p104
VWO	Vanguard FTSE Emerging Mkts ETF	8,904	$371K	0.1%	$41.50	—	ETF	922042858
—	Sotheby's	10,000	$357K	0.1%	$43.60	—	EQUITY	835898107
UNP	Union Pacific Corp	3,215	$349K	0.1%	$68.78	+16.8%	EQUITY	907818108
VB	Vanguard S/C ETF	3,138	$347K	0.1%	$98.46	—	ETF	922908751
TXN	Texas Instruments	7,000	$334K	0.1%	$25.31	+38.8%	EQUITY	882508104
ECL	Ecolab Inc	2,900	$333K	0.1%	$92.68	+7.1%	EQUITY	278865100
—	General Motors Co	10,358	$331K	0.1%	$34.49	—	EQUITY	37045v100
BRK/B	Berkshire Hath Cl B	2,267	$313K	0.1%	$110.02	+21.1%	EQUITY	084670702
—	Gaming & Leisure Pptys	10,000	$309K	0.1%	$36.50	—	EQUITY	36467j108
—	AT&T Inc	8,674	$306K	0.1%	$35.34	—	EQUITY	00206r102
SUI	Sun Communities	6,000	$303K	0.1%	$50.50	—	EQUITY	866674104
TIP	iShares TIPS Bd ETF	2,655	$298K	0.1%	$112.24	—	ETF	464287176
—	Hess Corp	3,065	$289K	0.0%	$94.29	—	EQUITY	42809h107
—	FedEx Corp	1,780	$287K	0.0%	$102.04	—	EQUITY	31428x106
CHD	Church & Dwight Co	3,880	$272K	0.0%	$27.77	+5.2%	EQUITY	171340102
CPRT	Copart Inc	8,095	$253K	0.0%	$4.25	+0.3%	EQUITY	217204106
—	ITC Hldgs Corp	6,648	$237K	0.0%	$56.16	—	EQUITY	465685105
—	Monsanto Co	1,815	$204K	0.0%	$112.40	—	EQUITY	61166w101
—	Peabody Energy Corp	10,000	$124K	0.0%	$16.40	—	EQUITY	704549104
—	Sharps Compliance Corp	15,000	$66,000	0.0%	$4.37	—	EQUITY	820017101