Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ProLogis Inc	472,200	$17.8M	5.3%	$37.72	—	COM	74340w103
PG	Procter & Gamble	190,169	$15.93M	4.7%	$55.13	+8.3%	COM	742718109
WFC	Wells Fargo & Co.	305,348	$15.84M	4.7%	$27.36	+36.7%	COM	949746101
—	Merck & Co.	259,866	$15.4M	4.6%	$46.80	—	COM	58933y105
BK	Bank of NY Mellon	325,023	$12.59M	3.7%	$21.54	+36.6%	COM	064058100
MLM	Martin Marietta Materials	92,200	$11.89M	3.5%	$92.31	+27.4%	COM	573284106
SCHW	Charles Schwab	366,900	$10.78M	3.2%	$16.37	+50.9%	COM	808513105
—	General Electric	414,950	$10.63M	3.2%	$23.37	—	COM	369604103
—	Alcoa	657,500	$10.58M	3.1%	$7.88	—	COM	013817101
EXPD	Expeditors Int'l	258,501	$10.49M	3.1%	$32.21	+14.1%	COM	302130109
—	Calpine Corp	473,000	$10.26M	3.0%	$20.69	—	COM	131347304
BMY	Bristol-Myers Squibb	185,125	$9.475M	2.8%	$31.36	+9.1%	COM	110122108
CVX	Chevron Corp	79,280	$9.46M	2.8%	$71.40	+10.0%	COM	166764100
RHI	Robert Half Intl.	193,000	$9.457M	2.8%	$36.34	+36.3%	COM	770323103
INTC	Intel	264,406	$9.207M	2.7%	$17.35	+48.3%	COM	458140100
—	Google Cl A	15,470	$9.103M	2.7%	$879.67	—	COM	38259p508
—	Google Cl C	15,469	$8.931M	2.6%	$575.31	—	COM	38259p706
—	Apache Corp	91,500	$8.589M	2.5%	$84.04	—	COM	037411105
DKS	Dick's Sporting Goods	173,450	$7.611M	2.3%	$36.14	-7.8%	COM	253393102
—	Cisco Systems	296,758	$7.469M	2.2%	$24.34	—	COM	17275r102
—	Teradata Corp	167,700	$7.03M	2.1%	$44.30	—	COM	88076w103
MSFT	Microsoft	143,106	$6.634M	2.0%	$26.70	+41.0%	COM	594918104
—	Noble Corp.	279,183	$6.203M	1.8%	$33.96	—	COM	g65431101
JNJ	Johnson & Johnson	50,262	$5.357M	1.6%	$59.66	+26.7%	COM	478160104
VEU	Vanguard FTSE All-World ex-US	104,347	$5.138M	1.5%	$46.65	—	COM	922042775
—	Progressive Waste Solutions	193,500	$4.986M	1.5%	$22.37	—	COM	74339g101
SYY	Sysco Corp	119,750	$4.545M	1.3%	$24.40	+13.0%	COM	871829107
AMGN	Amgen Inc.	31,050	$4.361M	1.3%	$73.34	+28.9%	COM	031162100
WMT	Wal-Mart Stores	51,061	$3.905M	1.2%	$19.98	+1.6%	COM	931142103
—	Exxon Mobil	40,008	$3.763M	1.1%	$91.28	—	COM	30231g102
IJH	iShares S&P Mid Cap 400	21,719	$2.97M	0.9%	$118.76	—	COM	464287507
IJR	iShares S&P Small Cap 600	26,851	$2.801M	0.8%	$92.67	—	COM	464287804
PFE	Pfizer	84,364	$2.495M	0.7%	$16.46	+6.0%	COM	717081103
AXP	American Express	27,122	$2.374M	0.7%	$60.19	+27.1%	COM	025816109
DIS	Walt Disney	25,075	$2.232M	0.7%	$57.96	+36.8%	COM	254687106
—	Du Pont	26,612	$1.91M	0.6%	$52.77	—	COM	263534109
LOW	Lowe's Cos.	35,650	$1.887M	0.6%	$32.27	+27.7%	COM	548661107
XLK	Technology Sector SPDR	45,810	$1.828M	0.5%	$34.13	—	COM	81369Y803
KO	Coca Cola	41,758	$1.781M	0.5%	$27.86	+3.6%	COM	191216100
ALL	Allstate Corp.	28,848	$1.77M	0.5%	$37.43	+25.4%	COM	020002101
USB	U.S. Bancorp	41,558	$1.738M	0.5%	$22.44	+26.7%	COM	902973304
—	Dominion Resources	25,067	$1.732M	0.5%	$56.83	—	COM	25746u109
—	J.P. Morgan Chase	28,746	$1.732M	0.5%	$53.22	—	COM	46625h100
—	Verizon Comm.	32,826	$1.641M	0.5%	$50.07	—	COM	92343v104
DHR	Danaher Corp	21,334	$1.621M	0.5%	$25.55	+22.0%	COM	235851102
—	Hewlett Packard	41,167	$1.46M	0.4%	$24.95	—	COM	428236103
—	United Technologies	13,650	$1.441M	0.4%	$93.59	—	COM	913017109
XLY	Cons. Disc. Sector SPDR	21,415	$1.428M	0.4%	$57.86	—	COM	81369Y407
—	Covidien Ltd	16,266	$1.407M	0.4%	$66.25	—	COM	G2554F113
PEP	Pepsico	14,632	$1.362M	0.4%	$56.02	+15.8%	COM	713448108
—	Oracle	34,232	$1.31M	0.4%	$32.62	—	COM	68389x105
MCD	McDonald's	13,513	$1.281M	0.4%	$71.80	-0.8%	COM	580135101
HAL	Halliburton	18,750	$1.21M	0.4%	$35.39	+56.0%	COM	406216101
CAT	Caterpillar	11,034	$1.093M	0.3%	$61.56	+28.8%	COM	149123101
CME	CME Group, Inc.	13,525	$1.081M	0.3%	$47.90	0.0%	COM	12572Q105
TEVA	Teva Pharm Inds ADR	19,376	$1.041M	0.3%	$42.06	—	COM	881624209
—	National Oilwell Varco	13,098	$997K	0.3%	$71.15	—	COM	637071101
XLP	Consumer Staples Sector SPDR	22,000	$992K	0.3%	$40.13	—	COM	81369Y308
XLF	Financial Sector SPDR	40,180	$931K	0.3%	$21.43	—	COM	81369Y605
VTI	Vanguard Ttl Stk ETF	8,966	$908K	0.3%	$90.99	—	COM	922908769
VFC	V.F. Corp.	12,645	$835K	0.2%	$51.86	+15.3%	COM	918204108
GIS	General Mills Inc.	16,421	$828K	0.2%	$33.32	+6.4%	COM	370334104
EFA	iShares MSCI EAFE Fund	12,275	$787K	0.2%	$58.34	—	COM	464287465
PCAR	PACCAR, Inc.	13,675	$778K	0.2%	$26.67	+1.5%	COM	693718108
IBM	IBM	4,065	$772K	0.2%	$116.81	-2.1%	COM	459200101
XLB	Materials Sector SPDR	14,600	$724K	0.2%	$40.39	—	COM	81369Y100
CHKP	Check Point Software	10,450	$724K	0.2%	$53.49	+27.3%	COM	M22465104
BRK/B	Berkshire Hathaway B	5,147	$711K	0.2%	$111.35	+19.6%	COM	084670702
—	Xerox	51,290	$679K	0.2%	$9.07	—	COM	984121103
—	AT&T Inc.	19,225	$677K	0.2%	$35.36	—	COM	00206r102
—	AbbVie	11,520	$665K	0.2%	$44.91	—	COM	00287y109
XLI	Industrial Sector SPDR	12,450	$662K	0.2%	$52.45	—	COM	81369Y704
XLU	Utilities Sector SPDR	14,917	$628K	0.2%	$38.23	—	COM	81369Y886
AAPL	Apple Inc.	6,020	$607K	0.2%	$18.18	+18.9%	COM	037833100
ADP	Automatic Data Proc.	6,300	$523K	0.2%	$45.09	+24.8%	COM	053015103
XLE	Energy Select Sector SPDR	5,385	$488K	0.1%	$81.26	—	COM	81369Y506
ABT	Abbott Laboratories	11,521	$479K	0.1%	$29.47	+15.7%	COM	002824100
—	PG&E Corporation	10,533	$474K	0.1%	$45.89	—	COM	69331c108
VNQ	Vanguard REIT ETF	6,512	$468K	0.1%	$68.84	—	COM	922908553
—	Vanguard Info Tech ETF	4,200	$420K	0.1%	$73.91	—	COM	92204a702
—	3M Corp	2,956	$419K	0.1%	$122.28	—	COM	88579y101
UNP	Union Pacific	3,600	$390K	0.1%	$69.50	+15.6%	COM	907818108
XLV	Health Care Sector SPDR	5,775	$369K	0.1%	$62.19	—	COM	81369Y209
HD	Home Depot	3,981	$365K	0.1%	$60.11	+9.4%	COM	437076102
—	T. Rowe Price Group	3,600	$282K	0.1%	$73.33	—	COM	74144t108
—	iPath DJ-UBS Commodity Index	6,950	$239K	0.1%	$36.41	—	COM	06738c778
BXP	Boston Properties	2,000	$232K	0.1%	$64.00	+16.0%	COM	101121101
—	Chubb	2,299	$209K	0.1%	$84.65	—	COM	171232101
RWT	Redwood Trust Inc.	10,000	$166K	0.0%	$19.70	—	COM	758075402