Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UNH	United Health Group Inc.	87,294	$19.25M	4.5%	$50.94	+265.3%	COM	91324P102
JPM	JP Morgan Chase & Co	153,145	$16.38M	3.8%	$36.38	+123.6%	COM	46625H100
TMO	Thermo Electron Corp	77,815	$14.78M	3.4%	$79.76	+135.0%	COM	883556102
SYK	Stryker Corp	91,325	$14.14M	3.3%	$56.92	+145.2%	COM	863667101
PEP	Pepsico Inc.	111,060	$13.32M	3.1%	$56.00	+58.9%	COM	713448108
SCHW	Charles Schwab Corp	243,516	$12.51M	2.9%	$15.92	+164.6%	COM	808513105
MMM	Minnesota Mining & Manufacturi	48,510	$11.42M	2.7%	$62.10	+133.4%	COM	88579Y101
AMAT	Applied Materials Inc	193,255	$9.879M	2.3%	$12.48	+296.1%	COM	038222105
EPD	Enterprise Products Partners L	371,977	$9.861M	2.3%	$48.50	—	PTP	293792107
ZBH	Zimmer Holdings Inc	79,170	$9.553M	2.2%	$72.18	+46.5%	COM	98956P102
—	Constellation Brands Inc	40,896	$9.348M	2.2%	$153.30	—	COM	20136p108
CSCO	Cisco Systems Inc	232,068	$8.888M	2.1%	$15.35	+82.2%	COM	17275R102
—	Aetna Inc	47,350	$8.541M	2.0%	$63.54	—	COM	00817Y108
—	United Technologies Corp	65,848	$8.4M	2.0%	$92.74	—	COM	913017109
JNJ	Johnson & Johnson	57,774	$8.072M	1.9%	$59.66	+86.0%	COM	478160104
—	Anheuser-Busch Cos Inc	71,478	$7.974M	1.9%	$90.26	—	COM	035229103
—	GasLog Ltd.	337,178	$7.502M	1.7%	$13.94	—	COM	G37585109
IBM	International Business Machine	47,372	$7.268M	1.7%	$118.25	-13.7%	COM	459200101
NVS	Novartis AG ADR	83,843	$7.039M	1.6%	$70.71	—	COM	66987V109
PG	Procter & Gamble Co	73,064	$6.713M	1.6%	$55.24	+31.5%	COM	742718109
MSFT	Microsoft Corp	77,823	$6.657M	1.5%	$26.70	+181.8%	COM	594918104
MCK	McKesson Corp	38,602	$6.02M	1.4%	$129.68	+7.1%	COM	58155Q103
ORCL	Oracle Corp	124,959	$5.908M	1.4%	$27.57	+57.7%	COM	68389X105
—	Berry Plastics Group Inc	98,530	$5.781M	1.3%	$44.86	—	COM	08579w103
POST	Post Holdings Inc.	72,920	$5.777M	1.3%	$39.74	+33.9%	COM	737446104
CSX	CSX Corp	104,420	$5.744M	1.3%	$6.68	+137.4%	COM	126408103
—	Buckeye Partners LP	112,184	$5.559M	1.3%	$67.07	—	PTP	118230101
CVX	ChevronTexaco Corp	44,202	$5.534M	1.3%	$71.40	+17.0%	COM	166764100
—	General Electric Co.	316,765	$5.528M	1.3%	$23.28	—	COM	369604103
—	Medtronic PLC	68,163	$5.504M	1.3%	$52.84	—	COM	585055106
—	Caesars Entertainment Corp	434,023	$5.49M	1.3%	$10.63	—	COM	127686103
—	Walgreens Boots Alliance Inc	74,300	$5.396M	1.3%	$76.92	—	COM	931427108
—	Cotiviti Holdings Inc.	160,833	$5.18M	1.2%	$22.58	—	COM	22164k101
CME	CME Group, Inc.	33,640	$4.913M	1.1%	$39.16	+169.3%	COM	12572Q105
NEE	NextEra Energy, Inc.	30,918	$4.829M	1.1%	$14.15	+122.8%	COM	65339F101
SLB	Schlumberger Ltd	71,550	$4.822M	1.1%	$55.52	-7.7%	COM	806857108
LVS	Las Vegas Sands Corp	68,590	$4.766M	1.1%	$41.51	+35.4%	COM	517834107
BK	Bank of New York Co Inc/The	78,356	$4.22M	1.0%	$21.22	+101.0%	COM	064058100
DE	Deere & Co	24,984	$3.91M	0.9%	$68.04	+81.9%	COM	244199105
UNP	Union Pacific Corp	28,144	$3.774M	0.9%	$66.07	+52.5%	COM	907818108
TCEHY	Tencent Holdings Ltd	66,133	$3.434M	0.8%	$51.93	—	COM	88032Q109
—	Constellium NV	300,200	$3.347M	0.8%	$11.15	—	COM	n22035104
—	Carrols Restaurant Group Inc.	273,384	$3.322M	0.8%	$14.25	—	COM	14574x104
—	Dollar Tree Stores Inc.	29,407	$3.156M	0.7%	$74.10	—	COM	256747106
WFC	Wells Fargo & Co	50,610	$3.071M	0.7%	$28.39	+58.8%	COM	949746101
XOM	Exxon Mobil Corp	34,660	$2.899M	0.7%	$53.81	+6.1%	COM	30231G102
—	Magellan Midstream Partners (L	40,000	$2.838M	0.7%	$54.50	—	PTP	559080106
—	Williams Partners LP	71,361	$2.767M	0.6%	$51.60	—	PTP	96950F104
—	Energy Transfer Partners LP	153,799	$2.756M	0.6%	$40.49	—	PTP	29273R109
—	Magnachip Semiconduct	275,026	$2.737M	0.6%	$10.74	—	COM	55933j203
WY	Weyerhaeuser Co	73,840	$2.604M	0.6%	$21.11	+21.9%	COM	962166104
—	Duke Energy Corp	30,041	$2.527M	0.6%	$67.64	—	COM	26441C105
PFE	Pfizer Inc	69,506	$2.518M	0.6%	$16.56	+43.8%	COM	717081103
—	Royal Dutch Petroleum Co	35,700	$2.382M	0.6%	$63.44	—	COM	780259206
VZ	Verizon Communications Inc	42,435	$2.246M	0.5%	$28.15	+13.5%	COM	92343V104
IVV	iShares S&P 500 Index Fund/US	8,332	$2.24M	0.5%	$163.22	—	COM	464287200
—	Australia and New Zealand Bank	100,000	$2.234M	0.5%	$26.12	—	COM	052528304
—	Discovery Communications, Inc.	99,807	$2.234M	0.5%	$31.85	—	COM	039014718
INTC	Intel Corp	48,146	$2.222M	0.5%	$17.38	+110.3%	COM	458140100
WMB	Williams Cos Inc.	72,200	$2.201M	0.5%	$19.40	-4.2%	COM	969457100
—	Enbridge Energy Partners LP	157,976	$2.182M	0.5%	$30.49	—	PTP	29250R106
—	Micro Focus International PLC	63,300	$2.126M	0.5%	$31.90	—	COM	594837304
PAA	Plains All American Pipeline (	98,862	$2.041M	0.5%	$55.81	—	PTP	726503105
—	Wynn Resorts Ltd.	12,081	$2.037M	0.5%	$98.67	—	COM	983143410
—	Time Warner Inc	21,054	$1.926M	0.4%	$58.62	—	COM	887317105
CNDT	Conduent Inc	118,000	$1.907M	0.4%	$16.38	-4.4%	COM	206787103
INTU	Intuit Inc	12,075	$1.905M	0.4%	$55.85	+158.1%	COM	461202103
EIX	Edison International	30,000	$1.897M	0.4%	$30.71	+74.9%	COM	281020107
—	Dell Technologies Inc - CL V	22,589	$1.836M	0.4%	$47.81	—	COM	24703L103
COST	Costco Wholesale Corp	9,204	$1.713M	0.4%	$86.75	+78.0%	COM	22160K105
YUM	Yum! Brands Inc.	19,950	$1.628M	0.4%	$38.97	+75.1%	COM	988498101
—	DXC Technology Company	17,095	$1.622M	0.4%	$85.87	—	COM	23355l106
CL	Colgate-Palmolive Co	20,000	$1.509M	0.4%	$44.54	+35.4%	COM	194162103
—	Nasdaq-100 Index Tracking Stoc	9,172	$1.429M	0.3%	$145.44	—	COM	73935a104
ET	Energy Transfer Equity LP	82,100	$1.417M	0.3%	$18.29	—	PTP	29273V100
—	Viacom CL B	44,549	$1.373M	0.3%	$69.49	—	COM	92553P201
VTR	Ventas Inc (REIT)	22,223	$1.334M	0.3%	$49.18	-9.5%	COM	92276F100
—	DowDuPont Inc.	16,270	$1.159M	0.3%	$69.21	—	COM	26078j100
VWO	Vanguard MSCI Emerging Mkts	25,127	$1.154M	0.3%	$39.53	—	COM	922042858
MA	Mastercard, Inc.	6,900	$1.044M	0.2%	$71.04	+100.2%	COM	57636Q104
PLAY	Dave & Buster's Entertainment	18,080	$997K	0.2%	$59.48	-14.3%	COM	238337109
—	AbbVie Inc.	10,038	$971K	0.2%	$41.34	—	COM	002874y10
—	Comcast Corp Cl A	23,622	$946K	0.2%	$46.99	—	COM	20030n101
BMY	Bristol-Myers Squibb Co	15,000	$919K	0.2%	$29.94	+55.2%	COM	110122108
SO	Southern Co/The	19,000	$914K	0.2%	$26.74	+36.3%	COM	842587107
CLPHY	CLP Holdings Ltd	86,400	$891K	0.2%	$8.16	—	COM	18946Q101
TGT	Target Corp	13,376	$873K	0.2%	$47.01	+2.2%	COM	87612E106
CHTR	Charter Communications Inc	2,486	$835K	0.2%	$214.89	+58.1%	COM	16119P108
—	Yum China Holdings Inc	19,950	$798K	0.2%	$26.12	—	COM	98850p109
T	AT&T Corp	19,915	$774K	0.2%	$10.93	+39.6%	COM	00206R102
AMZN	Amazon.com Inc	655	$766K	0.2%	$34.52	+59.4%	COM	023135106
OKE	Oneok Inc	14,123	$755K	0.2%	$32.05	+0.0%	COM	682680103
PPG	PPG Industries Inc	6,400	$748K	0.2%	$77.00	+28.6%	COM	693506107
MDU	MDU Resources Group Inc	26,324	$708K	0.2%	$6.58	+22.2%	COM	552690109
AMGN	Amgen Inc.	3,989	$694K	0.2%	$73.34	+88.4%	COM	031162100
—	Goldman Sachs Middle Market Le	35,133	$674K	0.2%	$19.20	—	COM	9EQ4GKU01
—	Nustar GP Holdings LLC	41,775	$656K	0.2%	$26.73	—	PTP	67059L102
EMR	Emerson Electric Co.	9,313	$649K	0.2%	$40.02	+33.1%	COM	291011104
—	WageWorks, Inc.	9,441	$585K	0.1%	$62.14	—	COM	930427109
M	Macy's Inc	23,068	$581K	0.1%	$64.73	-66.1%	COM	55616P104
ABT	Abbott Laboratories	10,038	$573K	0.1%	$28.85	+66.8%	COM	002824100
NI	NiSource Inc	21,200	$544K	0.1%	$7.81	+161.0%	COM	65473P105
HON	Honeywell International Inc	3,350	$514K	0.1%	$53.13	+113.4%	COM	438516106
IWS	iShares Russell Midcap Value I	5,672	$506K	0.1%	$58.64	—	COM	464287473
—	United Parcel Service Inc	4,250	$506K	0.1%	$88.36	—	COM	013104104
IWP	iShares Russell Midcap Growth	4,007	$483K	0.1%	$71.84	—	COM	464287481
SRE	Sempra Energy	4,400	$470K	0.1%	$27.84	+60.0%	COM	816851109
BP	BP PLC	9,832	$413K	0.1%	$41.77	—	COM	055622104
AAPL	Apple Computer Inc	2,408	$408K	0.1%	$30.44	+28.4%	COM	037833100
IEV	iShares S&P Euro 350 Index	8,356	$395K	0.1%	$39.78	—	COM	464287861
—	Source Capital Inc.	9,574	$390K	0.1%	$61.73	—	COM	836144105
BAX	Baxter International Inc	6,000	$388K	0.1%	$31.05	+79.6%	COM	071813109
BCE	BCE Inc	7,918	$380K	0.1%	$22.29	+29.1%	COM	05534B760
—	Enbridge Inc.	9,140	$357K	0.1%	$41.79	—	COM	29250n105
MRK	Merck & Co Inc	5,967	$336K	0.1%	$30.02	+43.2%	COM	58933Y105
BA	Boeing Co	1,080	$319K	0.1%	$158.76	+62.1%	COM	097023105
—	Hospitality Properties Trust (	10,000	$298K	0.1%	$26.30	—	COM	44106M102
—	Berkshire Hathaway, Inc. Class	100	$298K	0.1%	$2170.00	—	COM	084990175
STT	State Street Corp	3,000	$293K	0.1%	$49.69	+49.8%	COM	857477103
—	Praxair Inc	1,850	$286K	0.1%	$112.43	—	COM	74005P104
MAR	Marriot International Inc	2,064	$280K	0.1%	$80.37	+42.7%	COM	571903202
—	Canadian Pacific Railway Ltd	1,500	$274K	0.1%	$152.67	—	COM	135923100
USB	US Bancorp	5,000	$268K	0.1%	$25.38	+53.9%	COM	902973304
—	Alphabet Inc. Class A	240	$251K	0.1%	$829.17	—	COM	38259p706
BRK/B	Berkshire Hathaway	1,249	$248K	0.1%	$153.96	+23.3%	COM	084670702
NUE	Nucor Corp	3,794	$241K	0.1%	$50.16	-2.3%	COM	670346105
FDX	FedEx Corp	950	$237K	0.1%	$165.14	+20.5%	COM	31428X106
BIO	Bio-Rad	900	$215K	0.1%	$242.32	0.0%	COM	090572207
—	Vodaphone Group Plc	6,418	$205K	0.0%	$31.94	—	COM	92857W100
DDEJF	Dundee Bancorp Inc.	58,111	$117K	0.0%	$22.10	-89.5%	COM	264901109
PFLC	Pacific Financial Corp	10,570	$109K	0.0%	$6.69	0.0%	COM	694275108
—	Rite Aid Corp	42,435	$84,000	0.0%	$5.02	—	COM	767754104
—	Oaktree Specialty Lending Corp	12,000	$59,000	0.0%	$4.92	—	COM	67401p108
—	Ensco PLC	10,000	$59,000	0.0%	$58.10	—	COM	29358Q109
—	Tahoe Resources Inc	10,500	$50,000	0.0%	$5.24	—	COM	873868103
—	Neptune Tech & Bioresources	14,232	$34,000	0.0%	$1.12	—	COM	64077p108
—	Enduro Royalty Trust	10,652	$34,000	0.0%	$13.81	—	COM	29269k100
BNDSF	Banco de Sabadell SA	10,000	$20,000	0.0%	$1.43	+0.8%	COM	E15819191
PMTYF	Playmates Toys	88,000	$13,000	0.0%	$0.14	-29.5%	COM	G7147S100
—	SunEdison, Inc.	20,408	$0	0.0%	$0.15	—	COM	86732y109