Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WU	WESTERN UN CO	6,540,752	$142M	6.8%	$1732.54	—	COM	959802109
—	WILLIS TOWERS WATSON PUB LTD	942,816	$115M	5.5%	$85323.68	—	SHS	g96629103
BRO	BROWN & BROWN INC	2,337,575	$105M	5.0%	$14.90	+26.4%	COM	115236101
—	LPL FINL HLDGS INC	2,901,850	$102M	4.9%	$15816.92	—	COM	50212v100
—	LEGG MASON INC	3,016,575	$90.23M	4.3%	$12473.56	—	COM	524901105
—	BROADRIDGE FINL SOLUTIONS IN	1,319,422	$87.48M	4.2%	$2260.08	—	COM	11133t103
WLY	WILEY JOHN & SONS INC	1,521,965	$82.95M	3.9%	$35.97	+11.7%	CL A	968223206
MATW	MATTHEWS INTL CORP	1,074,228	$82.55M	3.9%	$38.24	+37.8%	CL A	577128101
—	HILLENBRAND INC	2,073,966	$79.54M	3.8%	$4027.19	—	COM	431571108
—	C H ROBINSON WORLDWIDE INC	883,626	$64.73M	3.1%	$63.80	—	COM NEW	12541w209
—	ACTUANT CORP	2,223,200	$57.69M	2.7%	$934.66	—	CL A NEW	00508x203
LSTR	LANDSTAR SYS INC	666,049	$56.81M	2.7%	$1365.60	—	COM	515098101
FAST	FASTENAL CO	977,480	$45.92M	2.2%	$8.39	+3.0%	COM	311900104
SYY	SYSCO CORP	819,688	$45.39M	2.2%	$27.65	+48.1%	COM	871829107
—	GENERAL ELECTRIC CO	1,366,219	$43.17M	2.1%	$643.39	—	COM	369604103
—	STERICYCLE INC	514,755	$39.66M	1.9%	$79.91	—	COM	858912108
MSFT	MICROSOFT CORP	634,133	$39.41M	1.9%	$34.44	+56.6%	COM	594918104
MKL	MARKEL CORP	42,073	$38.05M	1.8%	$752.29	+18.5%	COM	570535104
PG	PROCTER AND GAMBLE CO	435,282	$36.6M	1.7%	$59.86	+11.5%	COM	742718109
—	NOW INC	1,752,420	$35.87M	1.7%	$857.99	—	COM	67011p100
JNJ	JOHNSON & JOHNSON	305,852	$35.24M	1.7%	$69.41	+29.2%	COM	478160104
CTAS	CINTAS CORP	301,770	$34.87M	1.7%	$15.84	+61.6%	COM	172908105
MKC	MCCORMICK & CO INC	359,576	$33.56M	1.6%	$31.35	+25.1%	COM NON VTG	579780206
POST	POST HLDGS INC	416,683	$33.5M	1.6%	$34.08	+48.2%	COM	737446104
PEP	PEPSICO INC	316,415	$33.11M	1.6%	$64.66	+22.7%	COM	713448108
GGG	GRACO INC	379,502	$31.53M	1.5%	$20.76	+12.6%	COM	384109104
WAT	WATERS CORP	232,523	$31.25M	1.5%	$125.63	+13.6%	COM	941848103
—	IHS MARKIT LTD	880,399	$31.18M	1.5%	$37.55	—	SHS	g47567105
AXP	AMERICAN EXPRESS CO	402,138	$29.79M	1.4%	$61.21	-0.4%	COM	025816109
—	CISCO SYS INC	890,850	$26.92M	1.3%	$1565.26	—	COM	17275r102
—	CAPITAL ONE FINL CORP	302,213	$26.36M	1.3%	$8145.24	—	COM	14040h105
EFX	EQUIFAX INC	220,156	$26.03M	1.2%	$77.05	+45.7%	COM	294429105
IBM	INTERNATIONAL BUSINESS MACHS	144,500	$23.99M	1.1%	$98.32	+4.8%	COM	459200101
—	DIAGEO P L C	219,608	$22.83M	1.1%	$2719.19	—	SPON ADR NEW	25243q205
WMT	WAL-MART STORES INC	329,952	$22.81M	1.1%	$19.62	+1.5%	COM	931142103
USB	US BANCORP DEL	422,182	$21.69M	1.0%	$27.64	+22.2%	COM NEW	902973304
EMR	EMERSON ELEC CO	371,101	$20.69M	1.0%	$38.48	+11.4%	COM	291011104
SCHW	SCHWAB CHARLES CORP NEW	518,378	$20.46M	1.0%	$21.95	+44.8%	COM	808513105
UPS	UNITED PARCEL SERVICE INC	177,944	$20.4M	1.0%	$66.21	+21.2%	CL B	911312106
MDLZ	MONDELEZ INTL INC	442,089	$19.6M	0.9%	$28.63	+21.3%	CL A	609207105
—	MID AMER APT CMNTYS INC	156,956	$15.37M	0.7%	$69.48	—	COM	59522j103
—	CABLE ONE INC	19,427	$12.08M	0.6%	$424.52	—	COM	12685j105
ELV	ANTHEM INC	78,309	$11.26M	0.5%	$114.94	+3.2%	COM	036752103
—	MASTERCARD INCORPORATED	91,520	$9.449M	0.4%	$3243.48	—	CL A	57636q104
PAYX	PAYCHEX INC	152,606	$9.291M	0.4%	$32.06	+37.0%	COM	704326107
—	ANHEUSER BUSCH INBEV SA/NV	87,139	$9.188M	0.4%	$2123.86	—	SPONSORED ADR	03524a108
DIS	DISNEY WALT CO	85,718	$8.934M	0.4%	$76.45	+18.7%	COM DISNEY	254687106
—	MEDTRONIC PLC	117,598	$8.377M	0.4%	$78.27	—	SHS	g5960L103
PFE	PFIZER INC	189,296	$6.148M	0.3%	$18.46	+11.0%	COM	717081103
AAPL	APPLE INC	47,043	$5.449M	0.3%	$22.80	+14.4%	COM	037833100
—	3M CO	29,651	$5.295M	0.3%	$9121.74	—	COM	88579y101
—	AMERISOURCEBERGEN CORP	64,518	$5.045M	0.2%	$78.20	—	COM	03073e105
—	MCKESSON CORP	35,050	$4.923M	0.2%	$140.46	—	COM	58155q103
VOO	VANGUARD INDEX FDS	15,258	$3.133M	0.1%	$2210.60	—	S&P 500 ETF SHS	922908363
WFC	WELLS FARGO & CO NEW	54,150	$2.984M	0.1%	$33.30	+17.2%	COM	949746101
EPD	ENTERPRISE PRODS PARTNERS L	100,000	$2.704M	0.1%	$295.30	—	COM	293792107
BMY	BRISTOL MYERS SQUIBB CO	34,600	$2.022M	0.1%	$35.74	+10.6%	COM	110122108
CAT	CATERPILLAR INC DEL	20,900	$1.938M	0.1%	$55.94	+31.8%	COM	149123101
—	HOLLY ENERGY PARTNERS L P	60,000	$1.924M	0.1%	$32.84	—	COM UT LTD PTN	435763107
NUE	NUCOR CORP	31,200	$1.857M	0.1%	$37.35	+22.2%	COM	670346105
—	DUKE ENERGY CORP NEW	20,267	$1.573M	0.1%	$70.83	—	COM NEW	26441c204
—	MPLX LP	45,000	$1.558M	0.1%	$39.33	—	COM UNIT REP LTD	55336v100
—	DU PONT E I DE NEMOURS & CO	20,673	$1.517M	0.1%	$64.78	—	COM	263534109
PM	PHILIP MORRIS INTL INC	15,012	$1.373M	0.1%	$50.10	+16.2%	COM	718172109
BA	BOEING CO	8,000	$1.245M	0.1%	$121.04	+11.5%	COM	097023105
—	MACQUARIE INFRASTRUCTURE COR	15,000	$1.226M	0.1%	$79.54	—	COM	55608b105
—	VERIZON COMMUNICATIONS INC	22,806	$1.217M	0.1%	$51.84	—	COM	92343v104
—	NEXTERA ENERGY INC	10,000	$1.195M	0.1%	$57656.64	—	COM	65339f101
MGC	VANGUARD WORLD FD	15,203	$1.161M	0.1%	$1384.27	—	MEGA CAP INDEX	921910873
—	MACKINAC FINL CORP	82,691	$1.114M	0.1%	$10.20	—	COM	554571109
—	EVERSOURCE ENERGY	20,000	$1.105M	0.1%	$50.50	—	COM	30040w108
—	STARWOOD PPTY TR INC	50,000	$1.098M	0.1%	$22.52	—	COM	85571b105
—	METLIFE INC	20,000	$1.078M	0.1%	$32966.11	—	COM	59156r108
—	AT&T INC	24,689	$1.05M	0.0%	$42.53	—	COM	00206r102
MCD	MCDONALDS CORP	8,324	$1.013M	0.0%	$73.72	+27.9%	COM	580135101
—	BLACKSTONE MTG TR INC	30,000	$902K	0.0%	$27.51	—	COM CL A	09257w100
IP	INTL PAPER CO	16,930	$898K	0.0%	$26.73	+16.9%	COM	460146103
—	EXXON MOBIL CORP	9,626	$869K	0.0%	$88.06	—	COM	30231g102
VO	VANGUARD INDEX FDS	6,491	$854K	0.0%	$3219.34	—	MID CAP ETF	922908629
VEA	VANGUARD TAX MANAGED INTL FD	22,887	$836K	0.0%	$38.23	—	FTSE DEV MKT ETF	921943858
—	BLACKSTONE GROUP L P	29,900	$808K	0.0%	$406.65	—	COM UNIT LTD	09253u108
PAA	PLAINS ALL AMERN PIPELINE L	25,000	$807K	0.0%	$50.54	—	UNIT LTD PARTN	726503105
F	FORD MTR CO DEL	63,853	$775K	0.0%	$8.42	-11.2%	COM PAR $0.01	345370860
LLY	LILLY ELI & CO	10,000	$736K	0.0%	$45.97	+39.7%	COM	532457108
WY	WEYERHAEUSER CO	24,000	$722K	0.0%	$18.15	+19.4%	COM	962166104
—	ENERGY TRANSFER PRTNRS L P	20,000	$716K	0.0%	$44.28	—	UNIT LTD PARTN	29273r109
OXY	OCCIDENTAL PETE CORP DEL	10,000	$712K	0.0%	$57.39	-4.2%	COM	674599105
SO	SOUTHERN CO	12,580	$619K	0.0%	$33.63	-0.2%	COM	842587107
—	CYPRESS ENERGY PARTNERS LP	55,000	$580K	0.0%	$2999.00	—	LTD PARTNER INT	232751107
VB	VANGUARD INDEX FDS	4,492	$579K	0.0%	$5168.00	—	SMALL CP ETF	922908751
VWO	VANGUARD INTL EQUITY INDEX F	15,734	$563K	0.0%	$1500.19	—	FTSE EMR MKT ETF	922042858
CMA	COMERICA INC	8,195	$558K	0.0%	$29.72	+35.8%	COM	200340107
—	SUNTRUST BKS INC	10,000	$549K	0.0%	$18061.40	—	COM	867914103
LVS	LAS VEGAS SANDS CORP	10,000	$534K	0.0%	$46.83	0.0%	COM	517834107
—	VISA INC	6,505	$508K	0.0%	$105.11	—	COM CL A	92826c839
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,075	$501K	0.0%	$122.91	+25.3%	CL B NEW	084670702
SYK	STRYKER CORP	4,136	$496K	0.0%	$79.85	+30.1%	COM	863667101
DTE	DTE ENERGY CO	5,023	$495K	0.0%	$56.09	+5.7%	COM	233331107
—	DAVITA INC	6,954	$446K	0.0%	$81.25	—	COM	23918k108
—	COSTCO WHSL CORP NEW	2,545	$407K	0.0%	$115.62	—	COM	22160k105
KO	COCA COLA CO	9,692	$402K	0.0%	$28.57	+9.2%	COM	191216100
TXN	TEXAS INSTRS INC	5,000	$365K	0.0%	$25.31	+119.2%	COM	882508104
CPRT	COPART INC	5,732	$318K	0.0%	$4.62	+47.1%	COM	217204106
—	GAMING & LEISURE PPTYS INC	10,000	$306K	0.0%	$36.50	—	COM	36467j108
HD	HOME DEPOT INC	2,254	$302K	0.0%	$59.27	+74.4%	COM	437076102
—	ORACLE CORP	7,148	$275K	0.0%	$43.10	—	COM	68389x105
—	DISCOVERY COMMUNICATNS NEW	10,150	$272K	0.0%	$11093.16	—	COM SER C	25470f302
—	ALPHABET INC	342	$271K	0.0%	$777.81	—	CAP STK CL A	02079k305
—	ALPHABET INC	323	$249K	0.0%	$522233.20	—	CAP STK CL C	02079k107
—	VODAFONE GROUP PLC NEW	10,123	$247K	0.0%	$34.84	—	SPNSR ADR	92857w308
—	CONE MIDSTREAM PARTNERS LP	10,000	$236K	0.0%	$9.90	—	COM UNIT REPST	206812109
SCHB	SCHWAB STRATEGIC TR	4,079	$221K	0.0%	$52.30	—	US BRD MKT ETF	808524102
CVS	CVS HEALTH CORP	2,712	$214K	0.0%	$72.61	-15.9%	COM	126650100
—	O REILLY AUTOMOTIVE INC NEW	765	$213K	0.0%	$273660.12	—	COM	67103h107
—	COLFAX CORP	5,710	$205K	0.0%	$28590.01	—	COM	194014106
—	CLIFFS NAT RES INC	17,008	$143K	0.0%	$1.60	—	COM	18683k101
—	GLOBALSTAR INC	15,000	$24,000	0.0%	$1.60	—	COM	378973408
—	NEVADA GOLD & CASINOS INC	10,000	$19,000	0.0%	$1.80	—	COM NEW	64126q206