Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AAPL	APPLE COMPUTER INC	166,447	$17.52M	5.3%	$105.26 *	$19.01	+35.3%	COMMON	037833100
COST	COSTCO WHOLESALE	99,124	$16.01M	4.8%	$161.49 *	$88.98	+49.3%	COMMON	22160K105
HON	HONEYWELL INTERNATIONAL INC.	136,303	$14.12M	4.3%	$103.57 *	$56.26	+32.0%	COMMON	438516106
MMM	3M COMPANY	79,498	$11.97M	3.6%	$150.63 *	$65.70	+40.2%	COMMON	88579Y101
DIS	WALT DISNEY	111,043	$11.67M	3.5%	$105.08 *	$61.02	+67.5%	COMMON	254687106
JNJ	JOHNSON & JOHNSON	103,353	$10.62M	3.2%	$102.72 *	$61.73	+23.0%	COMMON	478160104
VZ	VERIZON COMMUNICATIONS	218,458	$10.1M	3.0%	$46.22 *	$26.79	+0.5%	COMMON	92343V104
SLB	SCHLUMBERGER LIMITED	139,948	$9.761M	2.9%	$69.75 *	$56.30	-0.4%	COMMON	806857108
EMR	EMERSON ELECTRIC	195,549	$9.353M	2.8%	$47.83 *	$41.45	-11.9%	COMMON	291011104
—	UNITED TECHNOLOGIES	86,750	$8.334M	2.5%	$96.07	$97.09	—	COMMON	913017109
GOOGL	ALPHABET INC-CL A	10,646	$8.283M	2.5%	$778.04 *	$36.73	0.0%	COMMON	02079K305
AWK	AMERICAN WATER WORKS	133,885	$8M	2.4%	$59.75 *	$32.91	+44.1%	COMMON	030420103
IBM	INTL BUSINESS MACHINES	53,494	$7.362M	2.2%	$137.62 *	$116.36	-24.8%	COMMON	459200101
CAT	CATERPILLAR	107,817	$7.327M	2.2%	$67.96 *	$63.03	-13.4%	COMMON	149123101
TMO	THERMO FISHER SCIENTIFIC	49,073	$6.961M	2.1%	$141.85 *	$87.68	+47.7%	COMMON	883556102
GOOG	ALPHABET INC-CL C	9,082	$6.892M	2.1%	$758.86 *	$35.61	0.0%	COMMON	02079K107
KMB	KIMBERLY CLARK	50,357	$6.411M	1.9%	$127.31 *	$65.34	+30.1%	COMMON	494368103
—	ANADARKO PETROLEUM	127,544	$6.196M	1.9%	$48.58	$87.03	—	COMMON	032511107
PG	PROCTER & GAMBLE	77,224	$6.132M	1.9%	$79.41 *	$55.35	+4.7%	COMMON	742718109
—	RAYTHEON	45,669	$5.687M	1.7%	$124.53	$90.46	—	COMMON	755111507
—	UNILEVER N.V. NY SHRS	128,835	$5.581M	1.7%	$43.32	$39.66	—	COMMON	904784709
EOG	EOG RESOURCES INC	78,210	$5.536M	1.7%	$70.78 *	$61.52	-2.8%	COMMON	26875P101
VOD	VODAFONE GROUP PLC SP ADR	165,091	$5.326M	1.6%	$32.26	$32.04	—	COMMON	92857W308
BA	BOEING	36,274	$5.245M	1.6%	$144.59 *	$104.85	+22.9%	COMMON	097023105
—	GENERAL ELECTRIC	163,372	$5.089M	1.5%	$31.15	$23.21	—	COMMON	369604103
AMGN	AMGEN INC	31,297	$5.081M	1.5%	$162.35 *	$111.61	+4.4%	COMMON	031162100
CVX	CHEVRON CORP.	55,190	$4.965M	1.5%	$89.96 *	$64.64	-9.6%	COMMON	166764100
—	ROYAL DUTCH SHELL PLC-ADR	105,572	$4.861M	1.5%	$46.04	$51.95	—	COMMON	780259107
WMT	WAL-MART STORES	77,875	$4.774M	1.4%	$61.30 *	$19.97	-16.7%	COMMON	931142103
—	WESTAR ENERGY INC.	110,347	$4.68M	1.4%	$42.41	$31.92	—	COMMON	95709T100
KMI	KINDER MORGAN INC	273,941	$4.087M	1.2%	$14.92 *	$21.48	-33.5%	COMMON	49456B101
—	BUCKEYE PARTNERS LP	57,486	$3.792M	1.1%	$65.96	$70.12	—	COMMON	118230101
ABT	ABBOTT LABORATORIES	82,078	$3.686M	1.1%	$44.91 *	$29.16	+25.3%	COMMON	002824100
—	ENERGY TRANSFER PARTNERS LP	98,325	$3.317M	1.0%	$33.74	$48.38	—	COMMON	29273R109
QCOM	QUALCOMM	65,500	$3.274M	1.0%	$49.98 *	$46.10	-13.2%	COMMON	747525103
PFE	PFIZER	94,802	$3.06M	0.9%	$32.28 *	$20.09	+1.4%	COMMON	717081103
CMI	CUMMINS	31,608	$2.782M	0.8%	$88.02 *	$98.87	-23.3%	COMMON	231021106
ABBNY	ABB LTD-SPON ADR	152,580	$2.705M	0.8%	$17.73	$25.16	—	COMMON	000375204
PAA	PLAINS ALL AMER PIPELINE	112,683	$2.603M	0.8%	$23.10	$52.79	—	COMMON	726503105
NFG	NATIONAL FUEL GAS CO	57,150	$2.443M	0.7%	$42.75 *	$62.26	-23.7%	COMMON	636180101
T	A T & T INC.	69,410	$2.388M	0.7%	$34.40 *	$11.06	+12.4%	COMMON	00206R102
—	MAGELLAN MIDSTREAM PARTNERS, LP.	34,971	$2.375M	0.7%	$67.91	$59.38	—	COMMON	559080106
COP	CONOCOPHILLIPS	49,778	$2.324M	0.7%	$46.69 *	$38.37	0.0%	COMMON	20825C104
DVN	DEVON ENERGY CORPORATION	72,438	$2.318M	0.7%	$32.00 *	$38.04	-25.4%	COMMON	25179M103
SO	SOUTHERN	46,683	$2.184M	0.7%	$46.78 *	$25.57	+15.8%	COMMON	842587107
AEM	AGNICO-EAGLE MINES LTD	80,844	$2.125M	0.6%	$26.29 *	$25.13	-9.7%	COMMON	008474108
NOC	NORTHROP GRUMMAN	9,960	$1.88M	0.6%	$188.76 *	$69.61	+123.6%	COMMON	666807102
—	PLUM CREEK TIMBER CO	37,382	$1.784M	0.5%	$47.72	$42.90	—	COMMON	729251108
—	GOLDCORP	136,383	$1.577M	0.5%	$11.56	$24.85	—	COMMON	380956409
—	DU PONT (E.I.) DE NEMOURS	23,000	$1.532M	0.5%	$66.61	$50.98	—	COMMON	263534109
XOM	EXXON MOBIL	18,897	$1.473M	0.4%	$77.95 *	$53.86	-4.6%	COMMON	30231G102
—	ALLERGAN PLC	4,104	$1.283M	0.4%	$312.62	$303.56	—	COMMON	G0177J108
ROK	ROCKWELL AUTOMATION	11,955	$1.227M	0.4%	$102.63 *	$95.87	-10.2%	COMMON	773903109
BIIB	BIOGEN IDEC	3,700	$1.133M	0.3%	$306.22 *	$327.13	-12.2%	COMMON	09062X103
—	SOVRAN SELF STORAGE INC	10,352	$1.111M	0.3%	$107.32	$73.42	—	COMMON	84610H108
NEE	NEXTERA ENERGY, INC.	9,270	$963K	0.3%	$103.88 *	$14.93	+30.6%	COMMON	65339F101
HAL	HALLIBURTON	28,223	$961K	0.3%	$34.05 *	$36.46	-15.0%	COMMON	406216101
KMPR	KEMPER	23,160	$863K	0.3%	$37.26 *	$32.74	+17.2%	COMMON	488401100
BRK/A	BERKSHIRE HATHAWAY - CL A	4	$791K	0.2%	$197750.00	$165023.42	+22.0%	COMMON	084670108
—	CRESCENT POINT ENERGY CORP	65,370	$761K	0.2%	$11.64	$35.56	—	COMMON	22576C101
KO	COCA COLA	16,416	$705K	0.2%	$42.95 *	$27.85	+10.7%	COMMON	191216100
AMZN	AMAZON.COM	1,004	$679K	0.2%	$676.29 *	$31.52	0.0%	COMMON	023135106
MRK	MERCK	12,485	$659K	0.2%	$52.78 *	$31.76	+15.8%	COMMON	58933Y105
WFC	WELLS FARGO & CO.	11,945	$649K	0.2%	$54.33 *	$34.76	+17.5%	COMMON	949746101
—	NICHOLAS FINANCIAL INC	54,553	$636K	0.2%	$11.66	$12.67	—	COMMON	65373J209
FSBW	FS BANCORP INC	24,343	$633K	0.2%	$26.00 *	$8.50	+19.7%	COMMON	30263Y104
EPD	ENTERPRISE PRODUCT PARTNERS L.P.	24,116	$617K	0.2%	$25.58	$50.73	—	COMMON	293792107
RYN	RAYONIER	27,216	$604K	0.2%	$22.19	$45.89	—	COMMON	754907103
PCH	POTLATCH CORP.	19,886	$601K	0.2%	$30.22	$38.67	—	COMMON	737630103
DGICA	DONEGAL GROUP INC-CL A	42,263	$595K	0.2%	$14.08 *	$9.59	-4.9%	COMMON	257701201
PEP	PEPSICO	5,800	$580K	0.2%	$100.00 *	$60.44	+21.6%	COMMON	713448108
—	BARRICK GOLD	77,791	$574K	0.2%	$7.38	$16.32	—	COMMON	067901108
BAC	BANK OF AMERICA CORP	33,225	$559K	0.2%	$16.82 *	$10.90	+24.4%	COMMON	060505104
BABA	ALIBABA GROUP HOLDING-SP ADR	6,750	$549K	0.2%	$81.33	$96.92	—	COMMON	01609W102
HUM	HUMANA INC	2,700	$482K	0.1%	$178.52 *	$170.85	-5.4%	COMMON	444859102
—	AIR TRANSPORT SERVICES GROUP	46,204	$466K	0.1%	$10.09	$10.17	—	COMMON	00922R105
UHAL	AMERCO	1,192	$464K	0.1%	$389.26 *	$32.68	+23.7%	COMMON	023586100
MSFT	MICROSOFT	8,152	$452K	0.1%	$55.45 *	$30.27	+51.7%	COMMON	594918104
AXP	AMERICAN EXPRESS	6,471	$450K	0.1%	$69.54 *	$61.27	+2.6%	COMMON	025816109
—	NEWFIELD EXPLORATION	13,750	$448K	0.1%	$32.58	$37.90	—	COMMON	651290108
DUK	DUKE ENERGY CORP	6,251	$446K	0.1%	$71.35 *	$41.48	+11.8%	COMMON	26441C204
GILD	GILEAD SCIENCES INC	4,394	$445K	0.1%	$101.27 *	$62.42	+16.8%	COMMON	375558103
VTR	VENTAS INC	7,756	$438K	0.1%	$56.47 *	$41.21	-15.3%	COMMON	92276F100
—	CTRIP.COM INTERNATIONAL-ADR	9,400	$436K	0.1%	$46.38	$45.96	—	COMMON	22943F100
SRE	SEMPRA ENERGY	4,555	$428K	0.1%	$93.96 *	$27.60	+29.8%	COMMON	816851109
—	OHA INVESTMENT CORP	112,311	$427K	0.1%	$3.80	$5.00	—	COMMON	67091U102
—	AQUA AMERICA INC.	14,338	$427K	0.1%	$29.78	$29.12	—	COMMON	03836W103
WEC	WEC ENERGY GROUP	8,247	$423K	0.1%	$51.29 *	$33.96	+8.3%	COMMON	92939U106
SOHO	SOTHERLY HOTELS INC	68,006	$419K	0.1%	$6.16	$7.02	—	COMMON	83600C103
AHRT	ARMADA HOFFLER PROPERTIES IN	40,011	$419K	0.1%	$10.47	$9.98	—	COMMON	04208T108
CW	CURTISS-WRIGHT	6,016	$412K	0.1%	$68.48 *	$32.35	+100.4%	COMMON	231561101
LMT	LOCKHEED MARTIN	1,815	$394K	0.1%	$217.08 *	$95.59	+73.0%	COMMON	539830109
FFIV	F5 NETWORKS INC	4,000	$388K	0.1%	$97.00 *	$115.29	-6.2%	COMMON	315616102
GLDD	GREAT LAKES DREDGE & DOCK CO	97,972	$388K	0.1%	$3.96 *	$5.81	-23.8%	COMMON	390607109
INTC	INTEL CORP	10,786	$372K	0.1%	$34.49 *	$25.75	+3.5%	COMMON	458140100
IEP	ICAHN ENTERPRISES LP	6,000	$368K	0.1%	$61.33	$101.44	—	COMMON	451100101
—	GRAMERCY PROPERTY TRUST INC	47,107	$364K	0.1%	$7.73	$7.73	—	COMMON	385002100
GS	GOLDMAN SACHS	2,000	$360K	0.1%	$180.00 *	$158.11	-4.4%	COMMON	38141G104
OXY	OCCIDENTAL PETROLEUM	5,200	$352K	0.1%	$67.69 *	$63.52	-15.9%	COMMON	674599105
PANW	PALO ALTO NETWORKS INC	2,000	$352K	0.1%	$176.00 *	$29.50	-2.2%	COMMON	697435105
KINS	KINGSTONE COS INC	38,500	$347K	0.1%	$9.01 *	$6.29	+21.0%	COMMON	496719105
—	MARINE HARVEST ASA- SPON ADR	25,050	$330K	0.1%	$13.17	$14.06	—	COMMON	56824R205
MCY	MERCURY GENERAL	7,050	$328K	0.1%	$46.52 *	$43.15	+17.4%	COMMON	589400100
BIDU	BAIDU INC - SPON ADR	1,715	$324K	0.1%	$188.92	$182.36	—	COMMON	056752108
MCK	McKESSON	1,600	$316K	0.1%	$197.50 *	$179.33	-2.7%	COMMON	58155Q103
PBHC	PATHFINDER BANCORP INC	24,112	$311K	0.1%	$12.90 *	$8.95	+7.2%	COMMON	70319R109
SWKS	SKYWORKS SOLUTIONS	4,000	$307K	0.1%	$76.75 *	$80.77	-19.6%	COMMON	83088M102
NRIM	NORTHRIM BANCORP INC	11,508	$306K	0.1%	$26.59 *	$4.29	+14.4%	COMMON	666762109
—	ENBRIDGE ENERGY PARTNERS LP	13,180	$304K	0.1%	$23.07	$30.98	—	COMMON	29250R106
HD	HOME DEPOT INC.	2,300	$304K	0.1%	$132.17 *	$86.16	+16.0%	COMMON	437076102
—	CHICAGO BRIDGE & IRON CO NV	7,775	$303K	0.1%	$38.97	$62.28	—	COMMON	167250109
BRK/B	BERKSHIRE HATHAWAY CLASS B	2,249	$297K	0.1%	$132.06	$110.02	+22.0%	COMMON	084670702
TIPT	TIPTREE FINANCIAL INC - A	48,248	$296K	0.1%	$6.13 *	$6.52	+3.2%	COMMON	88822Q103
META	FACEBOOK INC-A	2,700	$283K	0.1%	$104.81 *	$91.13	+11.9%	COMMON	30303M102
ABBV	ABBVIE INC	4,762	$282K	0.1%	$59.22 *	$30.17	+25.8%	COMMON	00287Y109
—	ENCANA CORP.	55,077	$280K	0.1%	$5.08	$18.13	—	COMMON	292505104
MCBK	MADISON COUNTY FINANCIAL INC	13,093	$278K	0.1%	$21.23 *	$18.15	-2.8%	COMMON	556777100
RIG	TRANSOCEAN LTD	22,371	$277K	0.1%	$12.38 *	$46.00	-68.6%	COMMON	H8817H100
—	FIRST DEFIANCE FINL CORP	7,303	$276K	0.1%	$37.79	$37.37	—	COMMON	32006W106
—	WALGREENS BOOTS ALLIANCE INC	3,200	$272K	0.1%	$85.00	$85.00	—	COMMON	931427108
SJM	JM SMUCKER	2,155	$266K	0.1%	$123.43 *	$71.16	+23.5%	COMMON	832696405
KGC	KINROSS GOLD CORP.	144,807	$264K	0.1%	$1.82 *	$5.35	-63.1%	COMMON	496902404
M	MACY'S INC	7,500	$262K	0.1%	$34.93 *	$43.33	0.0%	COMMON	55616P104
UAA	UNDER ARMOUR INC-CLASS A	3,200	$258K	0.1%	$80.63 *	$42.07	+8.4%	COMMON	904311107
—	ZAIS FINANCIAL CORP	16,482	$249K	0.1%	$15.11	$15.11	—	COMMON	98886K108
—	SENIOR HOUSING PROP TRUST	16,516	$245K	0.1%	$14.83	$21.76	—	COMMON	81721M109
PBR	PETROLEO BRASILEIRO S.A.-ADR	56,383	$243K	0.1%	$4.31	$13.56	—	COMMON	71654V408
—	CELGENE	2,000	$240K	0.1%	$120.00	$98.98	—	COMMON	151020104
BMY	BRISTOL-MYERS SQUIBB	3,435	$236K	0.1%	$68.70 *	$34.21	+36.5%	COMMON	110122108
—	ANNALY CAPITAL MANAGEMENT IN	24,500	$230K	0.1%	$9.39	$9.88	—	COMMON	035710409
LULU	LULULEMON ATHLETICA INC	4,000	$210K	0.1%	$52.50 *	$60.95	-17.3%	COMMON	550021109
DHR	DANAHER CORPORATION	2,170	$202K	0.1%	$93.09 *	$38.22	0.0%	COMMON	235851102
—	NEVADA GOLD & CASINOS INC	85,848	$193K	0.1%	$2.25	$1.55	—	COMMON	64126Q206
—	SIZMEK INC	22,682	$83,000	0.0%	$3.66	$7.10	—	COMMON	83013P105
—	IMMUNOCELLULAR THERAPEUTICS	28,000	$10,000	0.0%	$0.36	$1.93	—	COMMON	452536105