Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TMO	Thermo Electron Corp	73,975	$24.03M	5.2%	$79.76	+274.1%	COM	883556102
UNH	United Health Group Inc.	66,114	$19.44M	4.2%	$50.94	+364.5%	COM	91324P102
SYK	Stryker Corp	91,323	$19.17M	4.2%	$56.92	+241.2%	COM	863667101
JPM	JP Morgan Chase & Co	130,265	$18.16M	3.9%	$36.38	+198.7%	COM	46625H100
PEP	Pepsico Inc.	109,577	$14.98M	3.2%	$56.00	+101.4%	COM	713448108
MSFT	Microsoft Corp	78,396	$12.36M	2.7%	$26.70	+421.4%	COM	594918104
SCHW	Charles Schwab Corp	234,476	$11.15M	2.4%	$15.92	+154.4%	COM	808513105
CSCO	Cisco Systems Inc	227,457	$10.91M	2.4%	$15.35	+151.2%	COM	17275R102
EPD	Enterprise Products Partners L	370,798	$10.44M	2.3%	$48.50	—	PTP	293792107
—	United Technologies Corp	66,048	$9.891M	2.1%	$92.74	—	COM	913017109
AMAT	Applied Materials Inc	161,300	$9.846M	2.1%	$12.48	+324.8%	COM	038222105
PG	Procter & Gamble Co	71,804	$8.968M	1.9%	$55.24	+90.5%	COM	742718109
POST	Post Holdings Inc.	81,139	$8.852M	1.9%	$41.05	+66.7%	COM	737446104
—	Constellation Brands Inc	45,707	$8.673M	1.9%	$154.77	—	COM	20136p108
MMM	Minnesota Mining & Manufacturi	48,207	$8.505M	1.8%	$62.10	+80.0%	COM	88579Y101
JNJ	Johnson & Johnson	57,124	$8.333M	1.8%	$59.66	+91.3%	COM	478160104
CVS	CVS Corp	107,254	$7.968M	1.7%	$53.17	+8.7%	COM	126650100
NVS	Novartis AG ADR	82,783	$7.839M	1.7%	$70.71	—	COM	66987V109
NEE	NextEra Energy, Inc.	31,358	$7.594M	1.6%	$14.15	+254.5%	COM	65339F101
CSX	CSX Corp	102,547	$7.42M	1.6%	$6.68	+225.8%	COM	126408103
ZBH	Zimmer Holdings Inc	46,892	$7.019M	1.5%	$72.18	+81.8%	COM	98956P102
CME	CME Group, Inc.	33,640	$6.752M	1.5%	$39.16	+313.7%	COM	12572Q105
IBM	International Business Machine	49,341	$6.614M	1.4%	$117.09	-14.7%	COM	459200101
ORCL	Oracle Corp	122,319	$6.48M	1.4%	$27.57	+82.9%	COM	68389X105
—	Berry Plastics Group Inc	128,225	$6.089M	1.3%	$44.11	—	COM	08579w103
CVX	ChevronTexaco Corp	49,230	$5.933M	1.3%	$73.28	+22.4%	COM	166764100
DE	Deere & Co	33,112	$5.737M	1.2%	$85.75	+84.2%	COM	244199105
V	Visa, Inc	26,760	$5.028M	1.1%	$137.63	+25.4%	COM	92826C839
AMZN	Amazon.com Inc	2,670	$4.934M	1.1%	$75.22	+17.7%	COM	023135106
—	GasLog Ltd.	491,450	$4.811M	1.0%	$12.59	—	COM	G37585109
UNP	Union Pacific Corp	25,692	$4.645M	1.0%	$66.07	+126.1%	COM	907818108
LVS	Las Vegas Sands Corp	67,092	$4.632M	1.0%	$41.51	+39.5%	COM	517834107
—	Anheuser-Busch Cos Inc	54,410	$4.464M	1.0%	$90.26	—	COM	035229103
—	Alphabet Inc. Class C	3,164	$4.238M	0.9%	$1047.92	—	COM	38259p508
MCK	McKesson Corp	30,400	$4.205M	0.9%	$129.68	+4.5%	COM	58155Q103
—	Magnachip Semiconductor	339,560	$3.942M	0.9%	$10.00	—	COM	55933j203
—	Constellium NV	292,112	$3.914M	0.8%	$11.13	—	COM	n22035104
WMB	Williams Cos Inc.	155,616	$3.691M	0.8%	$19.29	-15.7%	COM	969457100
—	Activision Blizzard	61,024	$3.626M	0.8%	$49.21	—	COM	00507v109
ET	Energy Transfer Equity LP	278,964	$3.579M	0.8%	$14.71	—	PTP	29273V100
PPG	PPG Industries Inc	26,630	$3.555M	0.8%	$94.64	+18.9%	COM	693506107
PAGS	Pagseguro Digital LTD	102,820	$3.512M	0.8%	$25.77	+39.7%	COM	G68707101
—	Medtronic PLC	30,357	$3.444M	0.7%	$52.84	—	COM	585055106
HRTX	Heron Therapeutics Inc	142,330	$3.345M	0.7%	$22.68	-2.5%	COM	427746102
—	New Relic Inc	49,011	$3.221M	0.7%	$63.15	—	COM	64829b100
—	WW International, Inc	83,870	$3.205M	0.7%	$38.21	—	COM	98262p101
—	Discovery Communications, Inc.	96,241	$3.151M	0.7%	$31.85	—	COM	039014718
TCEHY	Tencent Holdings Ltd	65,403	$3.14M	0.7%	$51.85	—	COM	88032Q109
INTC	Intel Corp	49,586	$2.968M	0.6%	$18.18	+171.0%	COM	458140100
XOM	Exxon Mobil Corp	41,460	$2.893M	0.6%	$54.32	-4.1%	COM	30231G102
—	Duke Energy Corp	30,971	$2.825M	0.6%	$68.10	—	COM	26441C105
SPOT	Spotify Technology SA	18,505	$2.767M	0.6%	$164.62	-16.6%	COM	L8681T102
—	Alibaba Group Holding-SP	13,036	$2.765M	0.6%	$167.96	—	COM	01609w102
PFE	Pfizer Inc	69,506	$2.723M	0.6%	$16.56	+61.3%	COM	717081103
COST	Costco Wholesale Corp	9,134	$2.685M	0.6%	$86.75	+213.0%	COM	22160K105
INTU	Intuit Inc	9,980	$2.614M	0.6%	$55.85	+350.3%	COM	461202103
IVV	iShares S&P 500 Index Fund/US	8,047	$2.601M	0.6%	$163.22	—	COM	464287200
—	Magellan Midstream Partners (L	41,000	$2.578M	0.6%	$54.56	—	PTP	559080106
CAG	ConAgra Foods Inc.	73,463	$2.515M	0.5%	$22.21	+1.2%	COM	205887102
—	Despegar.com Corp	178,933	$2.412M	0.5%	$17.50	—	COM	G27358103
EIX	Edison International	30,980	$2.336M	0.5%	$31.15	+72.5%	COM	281020107
—	Lyft	54,192	$2.331M	0.5%	$40.84	—	COM	55087p104
PLAY	Dave & Buster's Entertainment	56,693	$2.277M	0.5%	$46.32	-13.6%	COM	238337109
WY	Weyerhaeuser Co	73,840	$2.23M	0.5%	$21.11	+9.5%	COM	962166104
—	Royal Dutch Petroleum Co	35,700	$2.106M	0.5%	$63.44	—	COM	780259206
MA	Mastercard, Inc.	6,850	$2.045M	0.4%	$71.04	+283.7%	COM	57636Q104
YUM	Yum! Brands Inc.	19,950	$2.01M	0.4%	$38.97	+137.0%	COM	988498101
T	AT&T Corp	50,109	$1.958M	0.4%	$13.10	+44.0%	COM	00206R102
—	Nasdaq-100 Index Tracking Stoc	9,172	$1.95M	0.4%	$145.44	—	COM	73935a104
BK	Bank of New York Co Inc/The	38,486	$1.937M	0.4%	$21.22	+88.2%	COM	064058100
SLB	Schlumberger Ltd	45,040	$1.811M	0.4%	$55.52	-44.7%	COM	806857108
PAA	Plains All American Pipeline (	96,937	$1.783M	0.4%	$55.81	—	PTP	726503105
TGT	Target Corp	13,376	$1.715M	0.4%	$47.01	+112.3%	COM	87612E106
FDX	FedEx Corp	11,161	$1.688M	0.4%	$183.69	-25.1%	COM	31428X106
—	Wynn Resorts Ltd.	11,720	$1.628M	0.4%	$98.67	—	COM	983143410
—	Australia and New Zealand Bank	91,370	$1.574M	0.3%	$26.12	—	COM	052528304
ZTS	Zoetis	11,074	$1.466M	0.3%	$85.91	+37.5%	COM	98978V103
CL	Colgate-Palmolive Co	20,000	$1.377M	0.3%	$44.54	+32.7%	COM	194162103
VTR	Ventas Inc (REIT)	23,833	$1.376M	0.3%	$48.82	+0.7%	COM	92276F100
—	Goldman Sachs Middle Market Le	73,288	$1.372M	0.3%	$19.13	—	COM	9EQ4GKU01
SO	Southern Co/The	19,000	$1.21M	0.3%	$26.74	+82.9%	COM	842587107
CHTR	Charter Communications Inc	2,483	$1.204M	0.3%	$214.89	+114.2%	COM	16119P108
VWO	Vanguard MSCI Emerging Mkts	24,622	$1.095M	0.2%	$39.59	—	COM	922042858
—	ViacomCBS, Inc- Class B	25,475	$1.069M	0.2%	$41.96	—	COM	92556h206
PZZA	Papa John's Intl Inc	16,902	$1.067M	0.2%	$50.69	0.0%	COM	698813102
—	Comcast Corp Cl A	23,622	$1.062M	0.2%	$46.99	—	COM	20030n101
BMY	Bristol-Myers Squibb Co	15,040	$965K	0.2%	$29.94	+50.9%	COM	110122108
AMGN	Amgen Inc.	3,989	$962K	0.2%	$73.34	+149.1%	COM	031162100
—	Yum China Holdings Inc	19,950	$958K	0.2%	$26.12	—	COM	98850p109
—	Harvest	290,683	$917K	0.2%	$9.01	—	COM	41755M102
CLPHY	CLP Holdings Ltd	86,400	$901K	0.2%	$8.16	—	COM	18946Q101
—	AbbVie Inc.	10,038	$889K	0.2%	$41.34	—	COM	002874y10
ABT	Abbott Laboratories	10,038	$872K	0.2%	$28.85	+161.0%	COM	002824100
OKE	Oneok Inc	10,835	$820K	0.2%	$32.05	+48.8%	COM	682680103
MDU	MDU Resources Group Inc	26,324	$782K	0.2%	$6.58	+38.3%	COM	552690109
AAPL	Apple Computer Inc	2,458	$722K	0.2%	$30.84	+101.1%	COM	037833100
EMR	Emerson Electric Co.	9,313	$710K	0.2%	$40.02	+57.0%	COM	291011104
SRE	Sempra Energy	4,400	$667K	0.1%	$27.84	+115.3%	COM	816851109
HON	Honeywell International Inc	3,350	$593K	0.1%	$53.13	+170.9%	COM	438516106
NI	NiSource Inc	21,200	$590K	0.1%	$7.81	+186.1%	COM	65473P105
IWP	iShares Russell Midcap Growth	3,805	$581K	0.1%	$71.84	—	COM	464287481
CNDT	Conduent Inc	88,946	$551K	0.1%	$16.37	-61.8%	COM	206787103
—	General Electric Co.	49,055	$547K	0.1%	$23.28	—	COM	369604103
MRK	Merck & Co Inc	5,967	$543K	0.1%	$30.02	+125.0%	COM	58933Y105
—	NuStar Energy LP	20,527	$531K	0.1%	$22.65	—	PTP	67058H102
IWS	iShares Russell Midcap Value I	5,367	$509K	0.1%	$58.64	—	COM	464287473
BAX	Baxter International Inc	6,000	$502K	0.1%	$31.05	+136.3%	COM	071813109
—	United Parcel Service Inc	4,250	$498K	0.1%	$88.36	—	COM	013104104
—	Alphabet Inc. Class A	340	$455K	0.1%	$901.75	—	COM	38259p706
WFC	Wells Fargo & Co	8,274	$445K	0.1%	$28.39	+57.5%	COM	949746101
—	Herc Holdings Inc	8,752	$428K	0.1%	$51.42	—	COM	42704l104
—	Linde PLC	1,850	$394K	0.1%	$156.22	—	COM	IE00BZ12W
—	Canadian Pacific Railway Ltd	1,500	$382K	0.1%	$152.67	—	COM	135923100
BP	BP PLC	9,832	$371K	0.1%	$41.77	—	COM	055622104
—	Source Capital Inc.	9,574	$370K	0.1%	$61.73	—	COM	836144105
BCE	BCE Inc	7,918	$367K	0.1%	$22.29	+42.4%	COM	05534B760
—	DuPont de Nemours, Inc.	5,627	$361K	0.1%	$71.26	—	COM	26614n102
BA	Boeing Co	1,080	$352K	0.1%	$158.76	+121.1%	COM	097023105
IEV	iShares S&P Euro 350 Index	7,338	$345K	0.1%	$40.09	—	COM	464287861
—	Berkshire Hathaway, Inc. Class	100	$340K	0.1%	$2170.00	—	COM	084990175
BIO	Bio-Rad	850	$315K	0.1%	$242.32	+45.5%	COM	090572207
MAR	Marriot International Inc	2,064	$313K	0.1%	$80.37	+59.8%	COM	571903202
—	Dow Chemical Co	5,535	$303K	0.1%	$49.23	—	COM	260543103
USB	US Bancorp	5,000	$296K	0.1%	$25.38	+74.7%	COM	902973304
BRK/B	Berkshire Hathaway	1,269	$287K	0.1%	$154.95	+40.2%	COM	084670702
—	Service Properties Trust	10,000	$243K	0.1%	$25.60	—	COM	81761l102
LOW	Lowe's Cos	2,000	$240K	0.1%	$88.06	+16.2%	COM	548661107
STT	State Street Corp	3,000	$237K	0.1%	$57.64	0.0%	COM	857477103
GILD	Gilead Sciences	3,600	$234K	0.1%	$52.48	-2.3%	COM	375558103
KLAC	Kla-Tencor Corp	1,250	$223K	0.0%	$155.73	0.0%	COM	482480100
PM	Phillip Morris International	2,600	$221K	0.0%	$60.01	0.0%	COM	718172109
BAC	Bank of America Corp	5,910	$208K	0.0%	$27.79	0.0%	COM	060505104
—	Bigen Idec Ltd.	660	$196K	0.0%	$296.97	—	COM	09062x103
PFLC	Pacific Financial Corp	10,570	$135K	0.0%	$6.69	+32.6%	COM	694275108
BSX	Boston Scientific Corp.	2,375	$107K	0.0%	$41.84	0.0%	COM	101137107
—	Oaktree Specialty Lending Corp	12,000	$66,000	0.0%	$4.92	—	COM	67401p108
DDEJF	Dundee Bancorp Inc.	58,111	$53,000	0.0%	$22.10	-96.6%	COM	264901109
—	Oncternal Therapeutics, Inc	13,046	$52,000	0.0%	$6.67	—	COM	68236p107
—	Strata Skin Sciences, Inc	10,020	$21,000	0.0%	$2.10	—	COM	86272a206
BNDSF	Banco de Sabadell SA	10,151	$12,000	0.0%	$1.42	-40.5%	COM	E15819191
PAASF	Pan American Warrants Exp 2/22	10,000	$6,000	0.0%	—	—	WT	697900132
PMTYF	Playmates Toys	88,000	$5,000	0.0%	$0.14	-72.2%	COM	G7147S100