Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UNH	United Health Group Inc.	65,914	$16.17M	3.7%	$50.94	+316.4%	COM	91324P102
TMO	Thermo Electron Corp	77,895	$16.14M	3.7%	$79.76	+160.8%	COM	883556102
SYK	Stryker Corp	91,535	$15.46M	3.6%	$56.92	+171.9%	COM	863667101
JPM	JP Morgan Chase & Co	132,945	$13.85M	3.2%	$36.38	+144.7%	COM	46625H100
PEP	Pepsico Inc.	111,180	$12.1M	2.8%	$56.00	+45.9%	COM	713448108
SCHW	Charles Schwab Corp	234,096	$11.96M	2.8%	$15.92	+213.1%	COM	808513105
EPD	Enterprise Products Partners L	371,977	$10.29M	2.4%	$48.50	—	PTP	293792107
CSCO	Cisco Systems Inc	232,633	$10.01M	2.3%	$15.35	+126.4%	COM	17275R102
MMM	Minnesota Mining & Manufacturi	48,670	$9.574M	2.2%	$62.10	+109.6%	COM	88579Y101
—	Constellation Brands Inc	41,071	$8.989M	2.1%	$153.30	—	COM	20136p108
AMAT	Applied Materials Inc	193,750	$8.949M	2.1%	$12.48	+278.6%	COM	038222105
—	Aetna Inc	47,580	$8.731M	2.0%	$63.54	—	COM	00817Y108
—	United Technologies Corp	65,998	$8.252M	1.9%	$92.74	—	COM	913017109
ZBH	Zimmer Holdings Inc	73,052	$8.141M	1.9%	$72.18	+41.6%	COM	98956P102
MSFT	Microsoft Corp	78,066	$7.698M	1.8%	$26.70	+236.1%	COM	594918104
POST	Post Holdings Inc.	83,470	$7.18M	1.7%	$41.05	+27.2%	COM	737446104
—	Cotiviti Holdings Inc.	161,223	$7.115M	1.6%	$22.58	—	COM	22164k101
JNJ	Johnson & Johnson	58,017	$7.04M	1.6%	$59.66	+68.8%	COM	478160104
CSX	CSX Corp	102,812	$6.557M	1.5%	$6.68	+178.2%	COM	126408103
IBM	International Business Machine	46,717	$6.526M	1.5%	$118.25	-15.5%	COM	459200101
—	GasLog Ltd.	336,738	$6.432M	1.5%	$13.94	—	COM	G37585109
NVS	Novartis AG ADR	84,213	$6.361M	1.5%	$70.71	—	COM	66987V109
—	Anheuser-Busch Cos Inc	59,650	$6.01M	1.4%	$90.26	—	COM	035229103
—	Medtronic PLC	68,333	$5.85M	1.4%	$52.84	—	COM	585055106
PG	Procter & Gamble Co	73,244	$5.717M	1.3%	$55.24	+11.9%	COM	742718109
CVX	ChevronTexaco Corp	44,492	$5.625M	1.3%	$71.40	+24.8%	COM	166764100
CME	CME Group, Inc.	33,640	$5.514M	1.3%	$39.16	+218.6%	COM	12572Q105
ORCL	Oracle Corp	124,389	$5.481M	1.3%	$27.57	+49.3%	COM	68389X105
HRTX	Heron Therapeutics Inc	140,710	$5.467M	1.3%	$22.68	+40.3%	COM	427746102
LVS	Las Vegas Sands Corp	68,860	$5.258M	1.2%	$41.51	+58.2%	COM	517834107
NEE	NextEra Energy, Inc.	31,118	$5.198M	1.2%	$14.15	+136.1%	COM	65339F101
—	Caesars Entertainment Corp	435,783	$4.663M	1.1%	$10.63	—	COM	127686103
—	Berry Plastics Group Inc	99,174	$4.556M	1.1%	$44.86	—	COM	08579w103
—	Walgreens Boots Alliance Inc	74,560	$4.475M	1.0%	$76.92	—	COM	931427108
MCK	McKesson Corp	31,722	$4.232M	1.0%	$129.68	+6.2%	COM	58155Q103
BK	Bank of New York Co Inc/The	78,356	$4.226M	1.0%	$21.22	+110.0%	COM	064058100
—	General Electric Co.	309,215	$4.208M	1.0%	$23.28	—	COM	369604103
SLB	Schlumberger Ltd	60,031	$4.024M	0.9%	$55.52	-0.8%	COM	806857108
—	Buckeye Partners LP	112,474	$3.953M	0.9%	$67.07	—	PTP	118230101
UNP	Union Pacific Corp	25,846	$3.662M	0.8%	$66.07	+78.2%	COM	907818108
—	Dollar Tree Stores Inc.	41,725	$3.547M	0.8%	$81.26	—	COM	256747106
DE	Deere & Co	25,024	$3.498M	0.8%	$68.04	+93.0%	COM	244199105
—	Alphabet Inc. Class C	3,041	$3.434M	0.8%	$1040.79	—	COM	38259p508
TCEHY	Tencent Holdings Ltd	66,303	$3.332M	0.8%	$51.93	—	COM	88032Q109
SPOT	Spotify Technology SA	19,180	$3.227M	0.7%	$164.89	-3.0%	COM	L8681T102
—	Constellium NV	300,770	$3.098M	0.7%	$11.15	—	COM	n22035104
—	Herc Holdings Inc	54,550	$3.073M	0.7%	$51.60	—	COM	42704l104
—	Energy Transfer Partners LP	153,800	$2.928M	0.7%	$40.49	—	PTP	29273R109
—	Carrols Restaurant Group Inc.	196,674	$2.921M	0.7%	$14.25	—	COM	14574x104
—	Williams Partners LP	71,361	$2.897M	0.7%	$51.60	—	PTP	96950F104
XOM	Exxon Mobil Corp	34,660	$2.867M	0.7%	$53.81	+4.3%	COM	30231G102
—	Magnachip Semiconductor	276,637	$2.836M	0.7%	$10.74	—	COM	55933j203
WFC	Wells Fargo & Co	50,610	$2.806M	0.6%	$28.39	+52.7%	COM	949746101
—	Magellan Midstream Partners (L	40,000	$2.763M	0.6%	$54.50	—	PTP	559080106
—	Discovery Communications, Inc.	99,807	$2.745M	0.6%	$31.85	—	COM	039014718
WY	Weyerhaeuser Co	73,840	$2.692M	0.6%	$21.11	+28.2%	COM	962166104
PFE	Pfizer Inc	69,506	$2.522M	0.6%	$16.56	+46.8%	COM	717081103
—	Royal Dutch Petroleum Co	35,700	$2.472M	0.6%	$63.44	—	COM	780259206
INTC	Intel Corp	48,486	$2.41M	0.6%	$17.38	+159.1%	COM	458140100
—	Duke Energy Corp	30,471	$2.41M	0.6%	$67.80	—	COM	26441C105
PAA	Plains All American Pipeline (	98,862	$2.337M	0.5%	$55.81	—	PTP	726503105
IVV	iShares S&P 500 Index Fund/US	8,358	$2.282M	0.5%	$163.22	—	COM	464287200
VZ	Verizon Communications Inc	42,865	$2.157M	0.5%	$28.19	+14.2%	COM	92343V104
CNDT	Conduent Inc	117,565	$2.136M	0.5%	$16.38	+17.9%	COM	206787103
—	Australia and New Zealand Bank	100,000	$2.099M	0.5%	$26.12	—	COM	052528304
—	Despegar.com Corp	97,610	$2.047M	0.5%	$20.97	—	COM	G27358103
INTU	Intuit Inc	9,980	$2.039M	0.5%	$55.85	+226.3%	COM	461202103
—	Wynn Resorts Ltd.	11,570	$1.936M	0.4%	$98.67	—	COM	983143410
COST	Costco Wholesale Corp	9,204	$1.923M	0.4%	$86.75	+104.9%	COM	22160K105
EIX	Edison International	30,380	$1.922M	0.4%	$30.86	+45.1%	COM	281020107
—	Dell Technologies Inc - CL V	22,589	$1.911M	0.4%	$47.81	—	COM	24703L103
SNNAQ	Sienna Biopharmaceuticals Inc	115,420	$1.753M	0.4%	$17.47	-2.8%	COM	82622H108
—	Enbridge Energy Partners LP	157,976	$1.727M	0.4%	$30.49	—	PTP	29250R106
T	AT&T Corp	50,167	$1.611M	0.4%	$13.10	+10.9%	COM	00206R102
—	Nasdaq-100 Index Tracking Stoc	9,172	$1.574M	0.4%	$145.44	—	COM	73935a104
YUM	Yum! Brands Inc.	19,950	$1.56M	0.4%	$38.97	+86.2%	COM	988498101
WMB	Williams Cos Inc.	53,400	$1.448M	0.3%	$19.40	-11.0%	COM	969457100
ET	Energy Transfer Equity LP	82,100	$1.416M	0.3%	$18.29	—	PTP	29273V100
—	DXC Technology Company	17,305	$1.395M	0.3%	$85.81	—	COM	23355l106
MA	Mastercard, Inc.	6,900	$1.356M	0.3%	$71.04	+153.8%	COM	57636Q104
IWV	iShares Russell 3000 ETF	8,080	$1.311M	0.3%	$162.25	—	ETF	464287689
—	Viacom CL B	43,080	$1.299M	0.3%	$69.49	—	COM	92553P201
CL	Colgate-Palmolive Co	20,000	$1.296M	0.3%	$44.54	+22.6%	COM	194162103
VTR	Ventas Inc (REIT)	22,713	$1.294M	0.3%	$48.94	-22.5%	COM	92276F100
AMZN	Amazon.com Inc	675	$1.147M	0.3%	$35.85	+121.4%	COM	023135106
—	DowDuPont Inc.	16,620	$1.096M	0.3%	$69.15	—	COM	26078j100
VWO	Vanguard MSCI Emerging Mkts	25,401	$1.072M	0.2%	$39.59	—	COM	922042858
TGT	Target Corp	13,376	$1.018M	0.2%	$47.01	+26.9%	COM	87612E106
—	NuStar Energy LP	41,775	$946K	0.2%	$22.65	—	PTP	67058H102
CLPHY	CLP Holdings Ltd	86,400	$931K	0.2%	$8.16	—	COM	18946Q101
—	AbbVie Inc.	10,038	$930K	0.2%	$41.34	—	COM	002874y10
—	iShares Core MSCI Emerging	17,220	$904K	0.2%	$52.50	—	ETF	46434g103
SO	Southern Co/The	19,000	$880K	0.2%	$26.74	+22.9%	COM	842587107
M	Macy's Inc	23,068	$863K	0.2%	$64.73	-48.2%	COM	55616P104
PLAY	Dave & Buster's Entertainment	18,125	$863K	0.2%	$59.48	-25.6%	COM	238337109
BMY	Bristol-Myers Squibb Co	15,000	$830K	0.2%	$29.94	+35.7%	COM	110122108
—	Goldman Sachs Middle Market Le	42,949	$824K	0.2%	$19.20	—	COM	9EQ4GKU01
OKE	Oneok Inc	11,714	$818K	0.2%	$32.05	+24.1%	COM	682680103
—	Comcast Corp Cl A	23,622	$775K	0.2%	$46.99	—	COM	20030n101
—	Yum China Holdings Inc	19,950	$767K	0.2%	$26.12	—	COM	98850p109
MDU	MDU Resources Group Inc	26,324	$755K	0.2%	$6.58	+29.1%	COM	552690109
AMGN	Amgen Inc.	3,989	$736K	0.2%	$73.34	+91.2%	COM	031162100
CHTR	Charter Communications Inc	2,486	$729K	0.2%	$214.89	+33.7%	COM	16119P108
PPG	PPG Industries Inc	6,600	$685K	0.2%	$77.45	+18.3%	COM	693506107
EMR	Emerson Electric Co.	9,313	$644K	0.1%	$40.02	+46.5%	COM	291011104
ABT	Abbott Laboratories	10,038	$612K	0.1%	$28.85	+84.3%	COM	002824100
NI	NiSource Inc	21,200	$557K	0.1%	$7.81	+144.9%	COM	65473P105
SRE	Sempra Energy	4,400	$511K	0.1%	$27.84	+53.3%	COM	816851109
IWP	iShares Russell Midcap Growth	4,013	$509K	0.1%	$71.84	—	COM	464287481
IWS	iShares Russell Midcap Value I	5,688	$503K	0.1%	$58.64	—	COM	464287473
HON	Honeywell International Inc	3,350	$483K	0.1%	$53.13	+113.8%	COM	438516106
—	WageWorks, Inc.	9,441	$472K	0.1%	$62.14	—	COM	930427109
—	United Parcel Service Inc	4,250	$451K	0.1%	$88.36	—	COM	013104104
BP	BP PLC	9,832	$449K	0.1%	$41.77	—	COM	055622104
AAPL	Apple Computer Inc	2,408	$446K	0.1%	$30.44	+40.4%	COM	037833100
BAX	Baxter International Inc	6,000	$443K	0.1%	$31.05	+98.2%	COM	071813109
IEV	iShares S&P Euro 350 Index	8,581	$384K	0.1%	$39.95	—	COM	464287861
—	Source Capital Inc.	9,574	$381K	0.1%	$61.73	—	COM	836144105
MRK	Merck & Co Inc	5,967	$362K	0.1%	$30.02	+48.3%	COM	58933Y105
BA	Boeing Co	1,080	$362K	0.1%	$158.76	+108.1%	COM	097023105
—	Enbridge Inc.	9,140	$326K	0.1%	$41.79	—	COM	29250n105
BCE	BCE Inc	7,918	$321K	0.1%	$22.29	+16.8%	COM	05534B760
—	Alphabet Inc. Class A	280	$312K	0.1%	$869.90	—	COM	38259p706
—	Praxair Inc	1,850	$293K	0.1%	$112.43	—	COM	74005P104
—	Hospitality Properties Trust (	10,000	$286K	0.1%	$26.30	—	COM	44106M102
—	Berkshire Hathaway, Inc. Class	100	$282K	0.1%	$2170.00	—	COM	084990175
STT	State Street Corp	3,000	$279K	0.1%	$49.69	+56.7%	COM	857477103
—	Canadian Pacific Railway Ltd	1,500	$275K	0.1%	$152.67	—	COM	135923100
MAR	Marriot International Inc	2,064	$261K	0.1%	$80.37	+58.9%	COM	571903202
BIO	Bio-Rad	900	$260K	0.1%	$242.32	+13.9%	COM	090572207
USB	US Bancorp	5,000	$250K	0.1%	$25.38	+46.8%	COM	902973304
NUE	Nucor Corp	3,794	$237K	0.1%	$50.16	+7.9%	COM	670346105
FDX	FedEx Corp	1,040	$236K	0.1%	$169.58	+27.6%	COM	31428X106
BRK/B	Berkshire Hathaway	1,249	$233K	0.1%	$153.96	+26.6%	COM	084670702
GILD	Gilead Sciences	3,100	$220K	0.1%	$52.72	0.0%	COM	375558103
PFLC	Pacific Financial Corp	10,570	$125K	0.0%	$6.69	+19.6%	COM	694275108
—	Rite Aid Corp	45,367	$78,000	0.0%	$4.81	—	COM	767754104
—	Ensco PLC	10,000	$73,000	0.0%	$58.10	—	COM	29358Q109
DDEJF	Dundee Bancorp Inc.	58,111	$71,000	0.0%	$22.10	-93.6%	COM	264901109
—	Tahoe Resources Inc	13,000	$64,000	0.0%	$5.19	—	COM	873868103
—	Oaktree Specialty Lending Corp	12,000	$57,000	0.0%	$4.92	—	COM	67401p108
—	Enduro Royalty Trust	10,652	$39,000	0.0%	$13.81	—	COM	29269k100
BNDSF	Banco de Sabadell SA	10,000	$17,000	0.0%	$1.43	+1.2%	COM	E15819191
PMTYF	Playmates Toys	88,000	$9,000	0.0%	$0.14	-47.4%	COM	G7147S100
—	SunEdison, Inc.	20,408	$0	0.0%	$0.15	—	COM	86732y109