Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UNH	United Health Group Inc.	97,545	$13.66M	3.8%	$50.94	+136.6%	COM	91324P102
TMO	Thermo Electron Corp	79,320	$12.62M	3.5%	$79.76	+88.2%	COM	883556102
PEP	Pepsico Inc.	112,160	$12.2M	3.4%	$56.00	+44.8%	COM	713448108
SYK	Stryker Corp	92,400	$10.76M	3.0%	$56.92	+84.3%	COM	863667101
JPM	JP Morgan Chase & Co	157,820	$10.51M	2.9%	$36.38	+39.8%	COM	46625H100
ZBH	Zimmer Holdings Inc	80,730	$10.5M	2.9%	$72.18	+58.5%	COM	98956P102
EPD	Enterprise Products Partners L	370,891	$10.25M	2.9%	$48.50	—	PTP	293792107
—	Anheuser-Busch Cos Inc	73,158	$9.614M	2.7%	$90.26	—	COM	035229103
—	General Electric Co.	318,965	$9.448M	2.6%	$23.28	—	COM	369604103
MMM	Minnesota Mining & Manufacturi	48,500	$8.547M	2.4%	$62.10	+75.8%	COM	88579Y101
XOM	Exxon Mobil Corp	90,150	$7.868M	2.2%	$53.77	+8.9%	COM	30231G102
SCHW	Charles Schwab Corp	245,436	$7.748M	2.2%	$15.92	+63.5%	COM	808513105
IBM	International Business Machine	47,962	$7.619M	2.1%	$118.25	-13.9%	COM	459200101
CSCO	Cisco Systems Inc	228,971	$7.263M	2.0%	$15.25	+51.2%	COM	17275R102
TEVA	Teva Pharmaceutical Industries	157,700	$7.256M	2.0%	$39.53	—	COM	881624209
JNJ	Johnson & Johnson	59,174	$6.99M	2.0%	$59.66	+56.9%	COM	478160104
—	United Technologies Corp	66,098	$6.716M	1.9%	$92.74	—	COM	913017109
NVS	Novartis AG ADR	84,968	$6.709M	1.9%	$70.71	—	COM	66987V109
PG	Procter & Gamble Co	73,764	$6.62M	1.9%	$55.24	+22.2%	COM	742718109
MCK	McKesson Corp	37,880	$6.316M	1.8%	$129.54	+33.6%	COM	58155Q103
—	Buckeye Partners LP	86,334	$6.182M	1.7%	$70.19	—	PTP	118230101
—	Medtronic PLC	70,013	$6.049M	1.7%	$52.84	—	COM	585055106
—	Walgreens Boots Alliance Inc	74,650	$6.018M	1.7%	$76.92	—	COM	931427108
AMAT	Applied Materials Inc	192,450	$5.802M	1.6%	$12.48	+101.3%	COM	038222105
SLB	Schlumberger Ltd	71,250	$5.603M	1.6%	$55.52	+9.3%	COM	806857108
—	Aetna Inc	48,050	$5.547M	1.6%	$63.54	—	COM	00817Y108
—	GasLog Ltd.	369,160	$5.371M	1.5%	$13.94	—	COM	G37585109
—	Cotiviti Holdings Inc.	157,411	$5.278M	1.5%	$22.29	—	COM	22164k101
—	Discovery Communications, Inc.	195,956	$5.275M	1.5%	$31.85	—	COM	039014718
ORCL	Oracle Corp	125,627	$4.935M	1.4%	$27.57	+28.5%	COM	68389X105
CVX	ChevronTexaco Corp	44,402	$4.57M	1.3%	$71.28	-3.9%	COM	166764100
MSFT	Microsoft Corp	78,223	$4.506M	1.3%	$26.70	+88.3%	COM	594918104
—	Enbridge Energy Partners LP	157,976	$4.017M	1.1%	$30.49	—	PTP	29250R106
NEE	NextEra Energy, Inc.	31,818	$3.892M	1.1%	$14.15	+75.4%	COM	65339F101
—	Energy Transfer Partners LP	102,533	$3.794M	1.1%	$50.54	—	PTP	29273R109
CME	CME Group, Inc.	34,040	$3.558M	1.0%	$39.16	+86.9%	COM	12572Q105
—	Berry Plastics Group Inc	78,290	$3.433M	1.0%	$43.85	—	COM	08579w103
CSX	CSX Corp	106,320	$3.243M	0.9%	$6.68	+24.0%	COM	126408103
POST	Post Holdings Inc.	42,000	$3.241M	0.9%	$31.22	+75.8%	COM	737446104
BK	Bank of New York Co Inc/The	78,356	$3.125M	0.9%	$21.22	+47.5%	COM	064058100
PAA	Plains All American Pipeline (	98,862	$3.105M	0.9%	$55.81	—	PTP	726503105
LVS	Las Vegas Sands Corp	53,770	$3.094M	0.9%	$40.73	+0.4%	COM	517834107
UNP	Union Pacific Corp	29,469	$2.874M	0.8%	$66.07	+14.9%	COM	907818108
—	Magellan Midstream Partners (L	40,000	$2.83M	0.8%	$54.50	—	PTP	559080106
—	Williams Partners LP	71,361	$2.654M	0.7%	$51.60	—	PTP	96950F104
—	Viacom CL B	69,285	$2.64M	0.7%	$69.49	—	COM	92553P201
—	Duke Energy Corp	30,441	$2.436M	0.7%	$67.64	—	COM	26441C105
WY	Weyerhaeuser Co	73,840	$2.358M	0.7%	$21.11	+3.9%	COM	962166104
PFE	Pfizer Inc	69,506	$2.354M	0.7%	$16.56	+34.4%	COM	717081103
WFC	Wells Fargo & Co	51,810	$2.294M	0.6%	$28.39	+29.7%	COM	949746101
WMB	Williams Cos Inc.	72,650	$2.233M	0.6%	$19.42	-16.5%	COM	969457100
DE	Deere & Co	25,734	$2.196M	0.6%	$68.04	+3.4%	COM	244199105
EIX	Edison International	30,000	$2.167M	0.6%	$30.71	+66.2%	COM	281020107
—	Australia and New Zealand Bank	100,000	$2.125M	0.6%	$26.12	—	COM	052528304
—	Royal Dutch Petroleum Co	38,400	$1.923M	0.5%	$63.80	—	COM	780259206
YUM	Yum! Brands Inc.	19,950	$1.812M	0.5%	$38.97	+38.2%	COM	988498101
INTC	Intel Corp	47,346	$1.787M	0.5%	$17.18	+66.6%	COM	458140100
IVV	iShares S&P 500 Index Fund/US	8,181	$1.78M	0.5%	$163.22	—	COM	464287200
—	Time Warner Inc	21,354	$1.7M	0.5%	$58.62	—	COM	887317105
VZ	Verizon Communications Inc	30,935	$1.608M	0.5%	$27.61	+19.2%	COM	92343V104
VTR	Ventas Inc (REIT)	22,223	$1.57M	0.4%	$49.18	-1.7%	COM	92276F100
—	Carrols Restaurant Group Inc.	116,400	$1.538M	0.4%	$13.21	—	COM	14574x104
—	Verifone Systems, Inc.	95,461	$1.503M	0.4%	$26.82	—	COM	92342y109
CL	Colgate-Palmolive Co	20,000	$1.483M	0.4%	$44.54	+33.3%	COM	194162103
COST	Costco Wholesale Corp	9,204	$1.404M	0.4%	$86.75	+57.9%	COM	22160K105
ET	Energy Transfer Equity LP	82,100	$1.378M	0.4%	$18.29	—	PTP	29273V100
INTU	Intuit Inc	11,980	$1.318M	0.4%	$55.85	+86.7%	COM	461202103
—	Wynn Resorts Ltd.	13,155	$1.282M	0.4%	$98.67	—	COM	983143410
VWO	Vanguard MSCI Emerging Mkts	29,845	$1.123M	0.3%	$39.38	—	COM	922042858
—	Dell Technologies Inc - CL V	23,362	$1.117M	0.3%	$47.81	—	COM	24703L103
—	Nustar GP Holdings LLC	41,775	$1.069M	0.3%	$26.73	—	PTP	67059L102
M	Macy's Inc	26,428	$979K	0.3%	$64.73	-44.0%	COM	55616P104
SO	Southern Co/The	19,000	$975K	0.3%	$26.74	+33.1%	COM	842587107
TGT	Target Corp	13,376	$919K	0.3%	$47.01	+15.6%	COM	87612E106
CLPHY	CLP Holdings Ltd	86,400	$905K	0.3%	$8.16	—	COM	18946Q101
OXY	Occidental Petroleum Corp	12,024	$877K	0.2%	$57.83	-0.8%	COM	674599105
T	AT&T Corp	20,340	$826K	0.2%	$10.93	+49.1%	COM	00206R102
BMY	Bristol-Myers Squibb Co	15,000	$809K	0.2%	$29.94	+54.1%	COM	110122108
—	Comcast Corp Cl A	11,811	$784K	0.2%	$56.39	—	COM	20030n101
—	Oneok Partners LP	18,400	$735K	0.2%	$49.54	—	PTP	68268N103
MA	Mastercard, Inc.	6,900	$702K	0.2%	$71.04	+27.9%	COM	57636Q104
CHTR	Charter Communications Inc	2,486	$671K	0.2%	$214.89	+17.6%	COM	16119P108
MDU	MDU Resources Group Inc	26,324	$670K	0.2%	$6.58	+5.1%	COM	552690109
AMGN	Amgen Inc.	3,989	$665K	0.2%	$73.34	+74.1%	COM	031162100
PPG	PPG Industries Inc	6,400	$662K	0.2%	$77.00	+14.7%	COM	693506107
—	AbbVie Inc.	10,038	$633K	0.2%	$41.34	—	COM	002874y10
NI	NiSource Inc	21,200	$511K	0.1%	$7.81	+137.5%	COM	65473P105
EMR	Emerson Electric Co.	9,313	$508K	0.1%	$40.02	+5.7%	COM	291011104
—	Container Store Group	94,450	$474K	0.1%	$24.64	—	COM	210751103
—	Dow Chemical Co	9,131	$473K	0.1%	$34.14	—	COM	260543103
SRE	Sempra Energy	4,400	$472K	0.1%	$27.84	+44.9%	COM	816851109
—	United Parcel Service Inc	4,250	$465K	0.1%	$87.85	—	COM	013104104
IWS	iShares Russell Midcap Value I	5,551	$426K	0.1%	$58.64	—	COM	464287473
—	Du Pont El de Nemours & Co.	6,351	$425K	0.1%	$53.37	—	COM	263534109
ABT	Abbott Laboratories	10,038	$425K	0.1%	$28.85	+25.3%	COM	002824100
—	Spectra Energy	9,290	$397K	0.1%	$34.45	—	COM	847560109
—	WageWorks, Inc.	6,498	$396K	0.1%	$59.86	—	COM	930427109
HON	Honeywell International Inc	3,350	$391K	0.1%	$53.13	+61.9%	COM	438516106
IWP	iShares Russell Midcap Growth	3,969	$386K	0.1%	$71.84	—	COM	464287481
AMZN	Amazon.com Inc	460	$385K	0.1%	$28.11	+36.2%	COM	023135106
MRK	Merck & Co Inc	5,967	$372K	0.1%	$30.02	+45.7%	COM	58933Y105
BCE	BCE Inc	7,918	$366K	0.1%	$22.29	+21.1%	COM	05534B760
—	Source Capital Inc.	9,574	$352K	0.1%	$61.73	—	COM	836144105
BP	BP PLC	9,832	$346K	0.1%	$41.77	—	COM	055622104
KIM	Kimco Realty Corp (Reit)	11,738	$340K	0.1%	$12.61	+51.2%	COM	49446R109
—	Linear Technology Corp	5,516	$327K	0.1%	$36.84	—	COM	535678106
DDEJF	Dundee Bancorp Inc.	58,111	$302K	0.1%	$22.10	-76.7%	COM	264901109
IEV	iShares S&P Euro 350 Index	7,639	$301K	0.1%	$39.50	—	COM	464287861
—	Hospitality Properties Trust (	10,000	$297K	0.1%	$26.30	—	COM	44106M102
BAX	Baxter International Inc	6,000	$286K	0.1%	$31.05	+30.2%	COM	071813109
—	Vodaphone Group Plc	9,527	$278K	0.1%	$28.80	—	COM	92857W100
—	Ally Financial Inc.	12,663	$247K	0.1%	$17.06	—	COM	02005n100
CAH	Cardinal Health Inc	3,108	$241K	0.1%	$44.20	+39.1%	COM	14149Y108
—	Canadian Pacific Railway Ltd	1,500	$229K	0.1%	$152.67	—	COM	135923100
—	Praxair Inc	1,850	$224K	0.1%	$112.43	—	COM	74005P104
—	Berkshire Hathaway, Inc. Class	100	$216K	0.1%	$2170.00	—	COM	084990175
USB	US Bancorp	5,000	$214K	0.1%	$25.38	+18.1%	COM	902973304
STT	State Street Corp	3,000	$209K	0.1%	$49.69	0.0%	COM	857477103
—	Bigen Idec Ltd.	650	$203K	0.1%	$312.31	—	COM	09062x103
—	Rite Aid Corp	26,103	$201K	0.1%	$6.86	—	COM	767754104
—	Ensco PLC	10,000	$85,000	0.0%	$58.10	—	COM	29358Q109
—	Enduro Royalty Trust	12,452	$44,000	0.0%	$13.81	—	COM	29269k100
—	JG Wentworth Co	115,633	$39,000	0.0%	$0.25	—	COM	46618D108
—	Western Forest Products	13,000	$21,000	0.0%	$1.80	—	COM	958211203
—	Neptune Tech & Bioresources	14,232	$15,000	0.0%	$1.12	—	COM	64077p108
PMTYF	Playmates Toys	88,000	$13,000	0.0%	$0.14	-23.0%	COM	G7147S100
—	SunEdison, Inc.	20,408	$1,000	0.0%	$0.15	—	COM	86732y109
DOMR	Dominion Resources Black Warri	10,000	$0	0.0%	$4.20	—	COM	25746Q108