Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ADBE	ADOBE SYS INC COM	185,647	$17.44M	5.6%	$49.08	+83.1%	COM	00724F101
CDW	CDW CORP COM	392,048	$16.48M	5.2%	$20.42	+89.3%	COM	12514G108
ZTS	ZOETIS INC CL A	309,672	$14.84M	4.7%	$28.62	+45.9%	COM	98978V103
MTN	VAIL RESORTS INC COM	115,804	$14.82M	4.7%	$66.45	+76.9%	COM	91879Q109
HAIN	HAIN CELESTIAL GROUP INC COM	351,443	$14.2M	4.5%	$45.35	0.0%	COM	405217100
FMC	F M C CORP COM	358,259	$14.02M	4.5%	$30.53	-11.1%	COM	302491303
—	NOW INC	864,904	$13.68M	4.4%	$18.63	—	COM	67011p100
—	SNYDERS-LANCE INC COM	391,723	$13.44M	4.3%	$29.04	—	COM	833551104
—	CHICAGO BRIDGE &IRON F ADR 1 A	335,987	$13.1M	4.2%	$48.54	—	COM	167250109
BIDU	BAIDU COM INC SPONS ADR REPSTG	68,229	$12.9M	4.1%	$108.42	—	COM	056752108
CRS	CARPENTER TECHNOLOGY CORP COM	419,455	$12.7M	4.0%	$29.70	-7.1%	COM	144285103
—	DIPLOMAT PHARMACY INC COM	369,262	$12.64M	4.0%	$31.45	—	COM	25456K101
—	GENESEE & WYO INC CL A	223,585	$12M	3.8%	$68.48	—	COM	371559105
—	MEAD JOHNSON NUTRITION CO COM	148,886	$11.76M	3.7%	$82.97	—	COM	582839106
—	CIMAREX ENERGY CO	130,598	$11.67M	3.7%	$82.97	—	COM	171798101
PSMT	PRICESMART INC COM	138,190	$11.47M	3.7%	$75.57	+1.3%	COM	741511109
MUSA	MURPHY USA INC COM	180,859	$10.98M	3.5%	$42.30	+37.4%	COM	626755102
LVS	LAS VEGAS SANDS CORP COM	231,333	$10.14M	3.2%	$40.37	-14.5%	COM	517834107
—	CTRIP COM INTL LTD AMERICAN DE	217,671	$10.09M	3.2%	$39.57	—	COM	22943F100
—	CANTEL MED CORP COM	161,751	$10.05M	3.2%	$38.58	—	COM	138098108
IDXX	IDEXX LABS INC COM	129,155	$9.418M	3.0%	$71.33	0.0%	COM	45168D104
—	COMPASS MINERALS INT	112,659	$8.48M	2.7%	$93.91	—	COM	20451n101
MS	MORGAN STANLEY COM	207,082	$6.587M	2.1%	$18.85	+32.7%	COM	617446448
JPM	JP MORGAN CHASE & CO COM	21,133	$1.395M	0.4%	$42.22	+17.7%	COM	46625H100
—	EQT CORP	20,067	$1.046M	0.3%	$82.63	—	COM	26884l109
MMM	3M CO COM	5,917	$891K	0.3%	$68.84	+33.8%	COM	88579Y101
JNJ	JOHNSON & JOHNSON COM	8,028	$825K	0.3%	$66.67	+13.9%	COM	478160104
TRV	THE TRAVELERS COMPANIES INC CO	7,127	$804K	0.3%	$68.13	+30.5%	COM	89417E109
PAYX	PAYCHEX INC COM	14,936	$790K	0.3%	$27.61	+39.6%	COM	704326107
ADP	AUTOMATIC DATA PROCESSING INC	8,831	$748K	0.2%	$48.61	+42.2%	COM	053015103
WM	WASTE MANAGEMENT INC COM	13,993	$747K	0.2%	$33.61	+30.6%	COM	94106L109
CTRA	CABOT OIL & GAS CORP COM	40,597	$718K	0.2%	$25.96	-43.8%	COM	127097103
—	CORE LABORATORIES F	6,513	$708K	0.2%	$104.79	—	COM	n22717107
CL	COLGATE PALMOLIVE CO COM	10,306	$687K	0.2%	$47.35	+10.9%	COM	194162103
PFE	PFIZER INC COM	21,171	$683K	0.2%	$16.82	+21.2%	COM	717081103
—	PDC ENERGY INC	12,737	$680K	0.2%	$41.86	—	COM	69327r101
INTC	INTEL CORP COM	18,988	$654K	0.2%	$17.95	+48.4%	COM	458140100
—	DU PONT E I DE NEMOURS & CO CO	9,612	$640K	0.2%	$55.31	—	COM	263534109
CAT	CATERPILLAR INC COM	9,364	$636K	0.2%	$59.70	-8.6%	COM	149123101
MRK	MERCK & CO INC NEW COM	11,651	$615K	0.2%	$30.99	+18.6%	COM	58933Y105
NFG	NATIONAL FUEL GAS CO N J COM	14,094	$603K	0.2%	$61.66	-23.0%	COM	636180101
AAPL	APPLE INC COM	5,696	$600K	0.2%	$18.46	+39.4%	COM	037833100
HD	HOME DEPOT INC COM	4,428	$586K	0.2%	$57.70	+73.3%	COM	437076102
IBM	INTL BUSINESS MACHINES COM	4,125	$568K	0.2%	$115.08	-23.9%	COM	459200101
—	REYNOLDS AMERICAN INC COM	12,286	$567K	0.2%	$47.81	—	COM	761713106
BA	BOEING CO COM	3,917	$566K	0.2%	$83.44	+54.4%	COM	097023105
MCD	MCDONALDS CORP COM	4,649	$549K	0.2%	$71.80	+21.5%	COM	580135101
IEX	IDEX CORP COM	7,157	$548K	0.2%	$66.48	+1.3%	COM	45167R104
VMC	VULCAN MATERIALS COM	5,761	$547K	0.2%	$52.38	+69.7%	COM	929160109
—	EOG RESOURCES INC	7,477	$529K	0.2%	$72.80	—	COM	26875p101
—	RANGE RESOURCES CORP	20,674	$509K	0.2%	$71.93	—	COM	75281a109
PG	PROCTER GAMBLE CO COM	6,318	$502K	0.2%	$56.56	+2.4%	COM	742718109
SEB	SEABOARD CORP	169	$489K	0.2%	$2761.11	+10.9%	COM	811543107
SYY	SYSCO CORP COM	11,729	$481K	0.2%	$26.21	+20.1%	COM	871829107
T	AT&T INC COM	13,840	$476K	0.2%	$11.53	+7.9%	COM	00206R102
CVX	CHEVRON CORP COM	5,270	$474K	0.2%	$72.20	-19.1%	COM	166764100
KO	COCA COLA CO COM	11,024	$474K	0.2%	$27.87	+10.7%	COM	191216100
MO	ALTRIA GROUP INC COM	7,970	$464K	0.1%	$17.46	+68.7%	COM	02209S103
AXP	AMERICAN EXPRESS CO CM	6,534	$454K	0.1%	$63.16	-0.5%	COM	025816109
XOM	EXXON MOBIL CORPORATION COM	5,824	$454K	0.1%	$56.80	-9.5%	COM	30231G102
VZ	VERIZON COMMUNICATIONS COM	9,749	$451K	0.1%	$26.98	-0.2%	COM	92343V104
DIS	WALT DISNEY CO COM	4,205	$442K	0.1%	$58.98	+73.3%	COM	254687106
—	SPDR GOLD SHARES ETF	4,302	$436K	0.1%	$118.85	—	COM	78463v107
MDLZ	MONDELEZ INTL INC COM	9,713	$436K	0.1%	$24.03	+47.6%	COM	609207105
ABBNY	ABB LTD ADR	24,119	$428K	0.1%	$21.86	—	COM	000375204
ANDE	ANDERSONS INC	13,324	$421K	0.1%	$37.54	-26.0%	COM	034164103
DVN	DEVON ENERGY CORPORATION COMMO	13,049	$418K	0.1%	$37.46	-24.3%	COM	25179M103
—	CAMECO CORP F	32,603	$402K	0.1%	$13.85	—	COM	13321l108
KHC	KRAFT HEINZ CO COM STK	5,518	$401K	0.1%	$47.80	-1.6%	COM	500754106
—	HCP INC COM	10,454	$400K	0.1%	$42.41	—	COM	40414L109
PAAS	PAN AMERICAN SILVER CP F	57,974	$377K	0.1%	$10.30	-30.1%	COM	697900108
MLM	MARTIN MARIETTA MATR	2,656	$363K	0.1%	$95.92	+46.3%	COM	573284106
—	MOSAIC CO	12,783	$353K	0.1%	$46.60	—	COM	61945c103
—	WHITING PETROLEUM CO	34,361	$324K	0.1%	$31.87	—	COM	966387102
CAG	CONAGRA FOODS INC COM	7,680	$324K	0.1%	$17.70	+26.7%	COM	205887102
—	RANDGOLD RES LTD F ADR 1 ADR R	4,893	$303K	0.1%	$61.93	—	COM	752344309
—	CARRIZO OIL & GAS	10,125	$299K	0.1%	$41.33	—	COM	144577103
—	SILVER WHEATON CORP F	22,766	$283K	0.1%	$23.33	—	COM	828336107
—	STILLWATER MINING CO	31,311	$268K	0.1%	$14.65	—	COM	86074q102
—	CA INCORPORATED COM	7,580	$216K	0.1%	$28.64	—	COM	12673P105
—	NATIONAL OILWELL VARCO INC	6,174	$207K	0.1%	$38.32	—	COM	637071101