Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WU	Western Union Co	1,803,436	$32.3M	4.9%	$16.82	—	EQUITY	959802109
—	Broadridge Finl	652,015	$30.11M	4.6%	$33.72	—	EQUITY	11133t103
—	Willis Grp Hldgs PLC	502,716	$22.53M	3.4%	$43.71	—	EQUITY	g96666105
PG	Procter & Gamble Co	209,827	$19.11M	2.9%	$56.61	+14.1%	EQUITY	742718109
FHI	Federated Invs Inc	543,817	$17.91M	2.7%	$16.08	+16.4%	EQUITY	314211103
SYY	Sysco Corp	409,029	$16.23M	2.5%	$25.20	+14.5%	EQUITY	871829107
MATW	Matthews Intl Cl A	322,700	$15.71M	2.4%	$30.92	+13.3%	EQUITY	577128101
—	Patterson Co Inc	326,005	$15.68M	2.4%	$41.12	—	EQUITY	703395103
—	CH Robinson	205,567	$15.39M	2.3%	$54.87	—	EQUITY	12541w209
JNJ	Johnson & Johnson	141,916	$14.84M	2.2%	$62.23	+24.2%	EQUITY	478160104
—	Hillenbrand Inc	429,710	$14.82M	2.2%	$29.48	—	EQUITY	431571108
PEP	PepsiCo Inc	149,491	$14.14M	2.1%	$57.32	+19.7%	EQUITY	713448108
MKC	McCormick & Co Inc	189,288	$14.06M	2.1%	$27.02	+7.1%	EQUITY	579780206
—	General Electric Co	545,846	$13.79M	2.1%	$24.60	—	EQUITY	369604103
—	Legg Mason Inc	258,262	$13.78M	2.1%	$40.81	—	EQUITY	524901105
GHC	Graham Hldgs Co	14,802	$12.78M	1.9%	$357.46	+22.7%	EQUITY	384637104
—	Omnicare Inc	170,650	$12.45M	1.9%	$56.42	—	EQUITY	681904108
MSFT	Microsoft Corp	266,932	$12.4M	1.9%	$27.83	+43.3%	EQUITY	594918104
CTAS	Cintas Corp	156,320	$12.26M	1.9%	$12.12	+32.1%	EQUITY	172908105
MKL	Markel Corp	17,000	$11.61M	1.8%	$577.30	+17.5%	EQUITY	570535104
—	Mid-America Apt Comm	150,242	$11.22M	1.7%	$68.66	—	EQUITY	59522j103
BRO	Brown & Brown Inc	332,745	$10.95M	1.7%	$13.78	+5.0%	EQUITY	115236101
—	Cisco Systems Inc	372,683	$10.37M	1.6%	$24.22	—	EQUITY	17275r102
EFX	Equifax Inc	125,720	$10.17M	1.5%	$61.05	+13.8%	EQUITY	294429105
LSTR	Landstar Systems	131,332	$9.526M	1.4%	$59.56	—	EQUITY	515098101
—	Now Inc	333,750	$8.588M	1.3%	$25.73	—	EQUITY	67011p100
—	Exxon Mobil Corp	86,674	$8.013M	1.2%	$92.49	—	EQUITY	30231g102
—	VCA Inc	163,010	$7.95M	1.2%	$31.14	—	EQUITY	918194101
POST	Post Holdings	184,595	$7.733M	1.2%	$26.60	-7.2%	EQUITY	737446104
WMT	Wal-Mart Stores Inc	88,983	$7.642M	1.2%	$20.19	+8.1%	EQUITY	931142103
INTC	INTEL CORP	202,202	$7.338M	1.1%	$18.06	+47.4%	EQUITY	458140100
CRL	Charles River Labs Intl	108,685	$6.917M	1.0%	$51.68	+21.3%	EQUITY	159864107
PFE	Pfizer Inc	214,272	$6.675M	1.0%	$16.89	+6.4%	EQUITY	717081103
USB	US Bancorp	145,708	$6.55M	1.0%	$23.92	+21.8%	EQUITY	902973304
—	Medtronic Inc	89,688	$6.475M	1.0%	$52.60	—	EQUITY	585055106
—	Linear Tech Corp	138,740	$6.327M	1.0%	$46.67	—	EQUITY	535678106
UPS	United Parcel Service	55,728	$6.195M	0.9%	$59.51	+19.2%	EQUITY	911312106
AAPL	Apple Inc	52,909	$5.84M	0.9%	$17.94	+34.2%	EQUITY	037833100
SCHW	Schwab Charles Corp	192,175	$5.802M	0.9%	$16.16	+53.8%	EQUITY	808513105
CLX	Clorox Co	53,422	$5.567M	0.8%	$62.58	+16.8%	EQUITY	189054109
WAT	Waters Corp	48,489	$5.466M	0.8%	$106.38	+3.0%	EQUITY	941848103
WKC	World Fuel Services	113,068	$5.306M	0.8%	$43.02	+0.6%	EQUITY	981475106
IBM	Intl Business Machines	32,152	$5.158M	0.8%	$110.77	-9.3%	EQUITY	459200101
—	Capital One Finl Corp	60,981	$5.034M	0.8%	$66.60	—	EQUITY	14040h105
MDLZ	Mondelez Intl	126,939	$4.611M	0.7%	$24.28	+17.0%	EQUITY	609207105
AXP	American Express Co	46,845	$4.358M	0.7%	$63.06	+21.2%	EQUITY	025816109
PAYX	Paychex Inc	91,188	$4.21M	0.6%	$27.23	+21.0%	EQUITY	704326107
—	Ritchie Bros Auction	154,845	$4.164M	0.6%	$23.06	—	EQUITY	767744105
—	3M Co	22,500	$3.697M	0.6%	$117.44	—	EQUITY	88579y101
EMR	Emerson Electric	59,677	$3.684M	0.6%	$43.82	+5.9%	EQUITY	291011104
DIS	Disney Walt Co	38,750	$3.65M	0.6%	$58.92	+38.0%	EQUITY	254687106
WFC	Wells Fargo & Co	62,945	$3.451M	0.5%	$33.15	+17.0%	EQUITY	949746101
ELV	Anthem Inc	26,915	$3.382M	0.5%	$105.54	0.0%	EQUITY	036752103
—	Diageo PLC ADR	28,961	$3.304M	0.5%	$114.81	—	EQUITY	25243q205
—	Kinder Morgan Inc	77,157	$3.265M	0.5%	$42.32	—	EQUITY	49456b101
EPD	Enterprise Product Ptnrs	90,000	$3.251M	0.5%	$54.99	—	EQUITY	293792107
—	Anheuser-Busch Inbev	28,725	$3.226M	0.5%	$98.10	—	EQUITY	03524a108
WM	Waste Mgmt Inc	60,048	$3.082M	0.5%	$32.02	+22.0%	EQUITY	94106L109
CPB	Campbell Soup Co	65,655	$2.889M	0.4%	$30.51	+1.5%	EQUITY	134429109
—	Sigma-Aldrich Corp	20,717	$2.844M	0.4%	$89.31	—	EQUITY	826552101
BMY	Bristol-Myers Squibb Co	44,958	$2.654M	0.4%	$34.98	+11.2%	EQUITY	110122108
DE	Deere & Co	29,427	$2.603M	0.4%	$70.62	0.0%	EQUITY	244199105
VOO	Vanguard S&P 500 ETF	12,987	$2.447M	0.4%	$180.89	—	ETF	922908363
CHH	Choice Hotels Intl	42,200	$2.364M	0.4%	$42.23	+13.5%	EQUITY	169905106
—	Markwest Energy LP	35,000	$2.352M	0.4%	$65.51	—	EQUITY	570759100
WDFC	WD-40 Co	27,500	$2.34M	0.4%	$59.99	+6.3%	EQUITY	929236107
—	Duke Energy Corp	26,000	$2.172M	0.3%	$70.68	—	EQUITY	26441c204
F	Ford Motor Co	133,995	$2.077M	0.3%	$8.54	-4.4%	EQUITY	345370860
—	Mackinac Finl Corp	172,934	$2.049M	0.3%	$9.09	—	EQUITY	554571109
WLY	John Wiley & Sons	30,436	$1.803M	0.3%	$31.66	+30.7%	EQUITY	968223206
MORN	Morningstar Inc	26,700	$1.728M	0.3%	$79.62	-16.8%	EQUITY	617700109
SKYW	SkyWest Inc	128,966	$1.713M	0.3%	$10.77	0.0%	EQUITY	830879102
—	Visa Inc	5,822	$1.527M	0.2%	$190.42	—	EQUITY	92826c839
—	Holly Energy Ptnrs LP	50,000	$1.496M	0.2%	$33.18	—	EQUITY	435763107
NUE	Nucor Corp	30,200	$1.481M	0.2%	$37.50	+6.0%	EQUITY	670346105
—	Verizon Comm	29,921	$1.4M	0.2%	$48.32	—	EQUITY	92343v104
—	Du Pont EI deNemours	18,000	$1.331M	0.2%	$67.11	—	EQUITY	263534109
GGG	Graco Inc	16,373	$1.313M	0.2%	$19.14	+15.4%	EQUITY	384109104
—	Dean Foods Co	65,285	$1.265M	0.2%	$19.38	—	EQUITY	242370203
—	Ingram Micro Cl A	45,499	$1.258M	0.2%	$27.65	—	EQUITY	457153104
—	Mastercard Inc Cl A	14,375	$1.239M	0.2%	$124.55	—	EQUITY	57636q104
—	Axis Capital Hldgs	23,234	$1.187M	0.2%	$51.09	—	EQUITY	g0692u109
—	BCE Inc	25,000	$1.147M	0.2%	$43.16	—	EQUITY	05534b760
BIDU	Baidu Inc ADS	5,000	$1.14M	0.2%	$228.00	—	EQUITY	056752108
—	Endurance Specialty Hldgs	18,221	$1.09M	0.2%	$59.82	—	EQUITY	g30397106
SO	Southern Co	22,000	$1.08M	0.2%	$25.43	+16.0%	EQUITY	842587107
IP	Intl Paper Co	20,000	$1.072M	0.2%	$27.19	+12.8%	EQUITY	460146103
—	Northeast Utilities	20,000	$1.07M	0.2%	$45.50	—	EQUITY	664397106
—	ConocoPhillips	15,393	$1.063M	0.2%	$70.36	—	EQUITY	20825c104
CNA	CNA Finl Corp	27,175	$1.052M	0.2%	$16.80	0.0%	EQUITY	126117100
PAA	Plains All American Pipeline LP	20,200	$1.037M	0.2%	$55.10	—	EQUITY	726503105
—	Tech Data Corp	15,518	$981K	0.1%	$63.22	—	EQUITY	878237106
INGR	Ingredion Inc	11,274	$956K	0.1%	$79.53	0.0%	EQUITY	457187102
PM	Philip Morris Intl	11,665	$950K	0.1%	$46.06	+6.9%	EQUITY	718172109
—	Triumph Grp Inc	14,061	$945K	0.1%	$67.21	—	EQUITY	896818101
—	Bunge Ltd	10,219	$929K	0.1%	$90.91	—	EQUITY	g16962105
—	Agrium Inc	9,615	$911K	0.1%	$94.75	—	EQUITY	008916108
GT	Goodyear Tire & Rubber	31,819	$909K	0.1%	$24.75	0.0%	EQUITY	382550101
—	Time Inc	34,420	$847K	0.1%	$24.61	—	EQUITY	887228104
—	Ally Finl Inc	34,610	$817K	0.1%	$23.61	—	EQUITY	02005n100
KO	Coca Cola Co	19,157	$809K	0.1%	$27.85	+7.9%	EQUITY	191216100
MGC	Vanguard MegaCap ETF	11,297	$794K	0.1%	$67.66	—	ETF	921910873
MCD	McDonalds Corp	8,012	$751K	0.1%	$71.80	-1.7%	EQUITY	580135101
—	AES Corp	52,731	$726K	0.1%	$13.77	—	EQUITY	00130h105
—	Impax Labs	22,781	$722K	0.1%	$31.69	—	EQUITY	45256b101
—	Sykes Enterprises Inc	30,659	$720K	0.1%	$23.48	—	EQUITY	871237103
—	Allscripts Healthcare Solutions	56,150	$717K	0.1%	$12.77	—	EQUITY	01988p108
VTR	Ventas Inc	10,000	$717K	0.1%	$41.21	+17.2%	EQUITY	92276F100
—	Costco Wholesale	4,975	$705K	0.1%	$112.29	—	EQUITY	22160k105
LLY	Lilly Eli & Co	10,200	$704K	0.1%	$44.54	+23.9%	EQUITY	532457108
—	CIT Grp	14,707	$703K	0.1%	$47.80	—	EQUITY	125581801
—	KBR Inc	41,480	$703K	0.1%	$16.95	—	EQUITY	48242w106
—	Vodafone Grp ADR	20,241	$692K	0.1%	$36.38	—	EQUITY	92857w308
HD	Home Depot Inc	6,486	$681K	0.1%	$59.27	+26.2%	EQUITY	437076102
—	Magnachip Semicon	51,683	$671K	0.1%	$12.98	—	EQUITY	55933j203
—	DSW Inc Cl A	17,678	$659K	0.1%	$37.28	—	EQUITY	23334L102
—	Energy Transfer Ptnrs	10,000	$650K	0.1%	$53.80	—	EQUITY	29273r109
CFG	Citizens Finl Grp	25,528	$635K	0.1%	$16.18	0.0%	EQUITY	174610105
FE	FirstEnergy Corp	16,041	$625K	0.1%	$23.07	0.0%	EQUITY	337932107
—	Century Bancorp Cl A	15,000	$601K	0.1%	$34.12	—	EQUITY	156432106
VO	Vanguard M/C ETF	4,839	$598K	0.1%	$102.03	—	ETF	922908629
—	Arctic Cat Inc	16,508	$586K	0.1%	$35.50	—	EQUITY	039670104
—	Starwood Ppty Tr	25,000	$581K	0.1%	$23.60	—	EQUITY	85571b105
—	Symantec Corp	22,182	$569K	0.1%	$25.65	—	EQUITY	871503108
BBY	Best Buy Co Inc	14,518	$566K	0.1%	$23.44	0.0%	EQUITY	086516101
LULU	Lululemon Athletica	10,015	$559K	0.1%	$45.62	0.0%	EQUITY	550021109
—	Manpowergroup Inc	8,197	$559K	0.1%	$68.20	—	EQUITY	56418h100
—	NextEra Energy Inc	5,200	$553K	0.1%	$95.58	—	EQUITY	65339f101
—	Aegon NV	72,434	$543K	0.1%	$7.50	—	EQUITY	007924103
BA	Boeing Co	4,178	$543K	0.1%	$111.06	-0.4%	EQUITY	097023105
—	Leucadia Natl Corp	23,851	$535K	0.1%	$22.43	—	EQUITY	527288104
VEA	Vanguard FTSE Dev Mkt ETF	13,796	$523K	0.1%	$38.36	—	ETF	921943858
CTRA	Cabot Oil & Gas Corp	17,437	$516K	0.1%	$22.79	0.0%	EQUITY	127097103
—	Turquoise Hill Res	163,260	$506K	0.1%	$3.10	—	EQUITY	900435108
—	Peabody Energy Corp	64,240	$497K	0.1%	$9.09	—	EQUITY	704549104
—	Infoblox Inc	24,117	$487K	0.1%	$20.19	—	EQUITY	45672h104
—	Superior Energy Services Inc	23,958	$483K	0.1%	$20.16	—	EQUITY	868157108
—	KB Finl Grp ADR	14,522	$474K	0.1%	$32.64	—	EQUITY	48241a105
—	Silver Standard Res	94,478	$473K	0.1%	$5.01	—	EQUITY	82823L106
SLB	Schlumberger Ltd	5,321	$454K	0.1%	$69.60	-3.3%	EQUITY	806857108
—	Google Inc Cl A	829	$440K	0.1%	$937.10	—	EQUITY	38259p508
—	Ruby Tuesday	63,971	$438K	0.1%	$6.85	—	EQUITY	781182100
—	Blackstone Mtg Tr Cl A	15,000	$437K	0.1%	$27.13	—	EQUITY	09257w100
—	Sotheby's	10,000	$432K	0.1%	$43.60	—	EQUITY	835898107
—	KT Corp ADR	30,542	$431K	0.1%	$14.11	—	EQUITY	48268k101
BDX	Becton Dickinson & Co	3,050	$424K	0.1%	$80.01	+34.8%	EQUITY	075887109
—	Brookfield Infr Ptnrs LP	10,000	$419K	0.1%	$39.50	—	EQUITY	g16252101
—	Flextronics Intl Ltd	36,300	$406K	0.1%	$11.18	—	EQUITY	y2573f102
—	FedEx Corp	2,280	$396K	0.1%	$117.75	—	EQUITY	31428x106
VB	Vanguard S/C ETF	3,323	$388K	0.1%	$99.48	—	ETF	922908751
—	Qunar Cayman Islands ADR	13,600	$387K	0.1%	$26.54	—	EQUITY	74906p104
CBZ	CBIZ Inc	44,298	$379K	0.1%	$8.63	0.0%	EQUITY	124805102
—	Fresh Del Monte Produce	11,227	$377K	0.1%	$33.58	—	EQUITY	g36738105
VWO	Vanguard FTSE Emerging Mkts ETF	9,394	$376K	0.1%	$41.42	—	ETF	922042858
TXN	Texas Instruments	7,000	$374K	0.1%	$25.31	+47.6%	EQUITY	882508104
—	Facebook Inc Cl A	4,773	$372K	0.1%	$77.94	—	EQUITY	30303m102
ORI	Old Republic Intl Co	24,942	$365K	0.1%	$6.63	0.0%	EQUITY	680223104
SUI	Sun Communities	6,000	$363K	0.1%	$50.50	—	EQUITY	866674104
TSN	Tyson Foods Inc Cl A	9,025	$362K	0.1%	$31.47	0.0%	EQUITY	902494103
UNP	Union Pacific Corp	2,965	$353K	0.1%	$68.78	+30.1%	EQUITY	907818108
—	General Motors Co	10,000	$349K	0.1%	$34.49	—	EQUITY	37045v100
—	Interpublic Grp of Co	16,556	$344K	0.1%	$12.87	0.0%	EQUITY	460690100
BRK/B	Berkshire Hath Cl B	2,267	$340K	0.1%	$110.02	+31.2%	EQUITY	084670702
—	Google Inc Cl C	609	$321K	0.0%	$575.74	—	EQUITY	38259p706
CAT	Caterpillar Inc	3,254	$298K	0.0%	$65.71	+11.6%	EQUITY	149123101
—	Gaming & Leisure Pptys	10,000	$293K	0.0%	$36.50	—	EQUITY	36467j108
CPRT	Copart Inc	8,012	$292K	0.0%	$4.25	+0.8%	EQUITY	217204106
TIP	iShares TIPS Bd ETF	2,555	$286K	0.0%	$112.24	—	ETF	464287176
CHD	Church & Dwight Co	3,530	$278K	0.0%	$27.77	+14.6%	EQUITY	171340102
—	ITC Hldgs Corp	6,676	$270K	0.0%	$56.16	—	EQUITY	465685105
—	Eletrobras SA	91,789	$263K	0.0%	$2.87	—	EQUITY	15234q108
—	AT&T Inc	6,901	$232K	0.0%	$35.34	—	EQUITY	00206r102
—	Monsanto Co	1,815	$217K	0.0%	$112.40	—	EQUITY	61166w101
—	Chubb Corp	2,050	$212K	0.0%	$103.41	—	EQUITY	171232101
SYK	Stryker Corp	2,136	$201K	0.0%	$77.85	0.0%	EQUITY	863667101
CRESY	Cresud SA ADR	17,548	$177K	0.0%	$10.09	—	EQUITY	226406106
—	Petrobras Argentina ADR	31,301	$155K	0.0%	$4.95	—	EQUITY	71646j109
—	Pernix Therapeutics	15,000	$141K	0.0%	$9.40	—	EQUITY	71426v108
—	Sharps Compliance Corp	20,000	$85,000	0.0%	$4.34	—	EQUITY	820017101