Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ProLogis Inc	472,200	$20.32M	5.8%	$37.72	—	COM	74340w103
PG	Procter & Gamble	190,106	$17.32M	4.9%	$55.13	+17.2%	COM	742718109
WFC	Wells Fargo & Co.	304,748	$16.71M	4.8%	$27.36	+41.7%	COM	949746101
EXPD	Expeditors Int'l	349,901	$15.61M	4.5%	$33.50	+10.9%	COM	302130109
—	Apache Corp	200,200	$12.55M	3.6%	$72.44	—	COM	037411105
RHI	Robert Half Intl.	203,075	$11.86M	3.4%	$37.23	+45.8%	COM	770323103
SCHW	Charles Schwab	387,400	$11.7M	3.3%	$16.81	+47.8%	COM	808513105
BMY	Bristol-Myers Squibb	190,825	$11.26M	3.2%	$31.59	+23.2%	COM	110122108
—	Alcoa	700,500	$11.06M	3.2%	$8.36	—	COM	013817101
—	Calpine Corp	494,000	$10.93M	3.1%	$20.75	—	COM	131347304
—	General Electric	429,750	$10.86M	3.1%	$23.44	—	COM	369604103
MLM	Martin Marietta Matls	96,300	$10.62M	3.0%	$92.98	+16.3%	COM	573284106
INTC	Intel	261,481	$9.489M	2.7%	$17.35	+53.4%	COM	458140100
—	Google Cl A	16,820	$8.926M	2.5%	$851.66	—	COM	38259p508
DKS	Dick's Sporting Goods	179,370	$8.906M	2.5%	$36.11	-2.7%	COM	253393102
CVX	Chevron Corp	79,330	$8.899M	2.5%	$71.40	-1.2%	COM	166764100
—	Google Cl C	16,819	$8.854M	2.5%	$571.38	—	COM	38259p706
—	Cisco Systems	294,032	$8.179M	2.3%	$24.34	—	COM	17275r102
—	Hewlett Packard	190,499	$7.645M	2.2%	$36.85	—	COM	428236103
—	Teradata Corp	174,950	$7.642M	2.2%	$44.27	—	COM	88076w103
MSFT	Microsoft	142,656	$6.626M	1.9%	$26.70	+49.3%	COM	594918104
—	Progressive Waste Sol.	207,500	$6.242M	1.8%	$22.89	—	COM	74339g101
SYY	Sysco Corp	135,750	$5.388M	1.5%	$24.93	+15.8%	COM	871829107
JNJ	Johnson & Johnson	50,262	$5.256M	1.5%	$59.66	+29.6%	COM	478160104
VEU	Vanguard FTSE All-World ex-US	111,475	$5.224M	1.5%	$46.66	—	COM	922042775
AMGN	Amgen Inc.	31,050	$4.946M	1.4%	$73.34	+54.5%	COM	031162100
BK	Bank of NY Mellon	119,423	$4.845M	1.4%	$21.54	+38.1%	COM	064058100
WMT	Wal-Mart Stores	51,061	$4.385M	1.3%	$19.98	+9.2%	COM	931142103
—	Merck & Co.	76,846	$4.364M	1.2%	$46.80	—	COM	58933y105
—	Exxon Mobil	39,942	$3.693M	1.1%	$91.28	—	COM	30231g102
IJH	iShares S&P Mid Cap	21,839	$3.162M	0.9%	$118.76	—	COM	464287507
IJR	iShares S&P Small Cap	27,001	$3.08M	0.9%	$92.67	—	COM	464287804
—	Noble Corp.	168,300	$2.789M	0.8%	$33.96	—	COM	g65431101
PFE	Pfizer	84,334	$2.627M	0.7%	$16.46	+9.2%	COM	717081103
AXP	American Express	27,122	$2.523M	0.7%	$60.19	+27.0%	COM	025816109
LOW	Lowe's Cos.	35,460	$2.44M	0.7%	$32.27	+52.0%	COM	548661107
DIS	Walt Disney	25,112	$2.365M	0.7%	$57.96	+40.3%	COM	254687106
ALL	Allstate Corp.	28,948	$2.034M	0.6%	$37.43	+38.1%	COM	020002101
—	Du Pont	26,487	$1.958M	0.6%	$52.77	—	COM	263534109
—	Dominion Resources	25,017	$1.924M	0.5%	$56.83	—	COM	25746u109
USB	U.S. Bancorp	41,558	$1.868M	0.5%	$22.44	+29.8%	COM	902973304
DHR	Danaher Corp	21,409	$1.835M	0.5%	$25.55	+28.8%	COM	235851102
—	J.P. Morgan Chase	28,471	$1.782M	0.5%	$53.22	—	COM	46625h100
KO	Coca Cola	41,983	$1.773M	0.5%	$27.86	+7.9%	COM	191216100
XLK	Technology Sector SPDR	42,585	$1.761M	0.5%	$34.13	—	COM	81369Y803
XLV	Health Care Sector SPDR	23,100	$1.58M	0.5%	$66.85	—	COM	81369Y209
—	United Technologies	13,605	$1.565M	0.4%	$93.59	—	COM	913017109
XLY	Cons. Disc. Sector SPDR	21,465	$1.549M	0.4%	$57.86	—	COM	81369Y407
—	Oracle	34,182	$1.537M	0.4%	$32.62	—	COM	68389x105
—	Verizon Comm.	32,776	$1.533M	0.4%	$50.07	—	COM	92343v104
PEP	Pepsico	14,332	$1.355M	0.4%	$56.02	+22.5%	COM	713448108
MCD	McDonald's	13,513	$1.266M	0.4%	$71.80	-1.7%	COM	580135101
CME	CME Group, Inc.	13,925	$1.234M	0.4%	$48.09	+12.9%	COM	12572Q105
TEVA	Teva Pharm Inds ADR	19,526	$1.123M	0.3%	$42.06	—	COM	881624209
XLP	Consumer Staples SPDR	22,125	$1.073M	0.3%	$40.13	—	COM	81369Y308
CAT	Caterpillar	11,034	$1.01M	0.3%	$61.56	+19.2%	COM	149123101
XLF	Financial Sector SPDR	40,255	$996K	0.3%	$21.43	—	COM	81369Y605
VTI	Vanguard Ttl Stk ETF	9,009	$955K	0.3%	$90.99	—	COM	922908769
VFC	V.F. Corp.	12,715	$952K	0.3%	$51.86	+27.5%	COM	918204108
PCAR	PACCAR, Inc.	13,700	$932K	0.3%	$26.67	+5.8%	COM	693718108
GIS	General Mills Inc.	16,646	$888K	0.3%	$33.34	+5.7%	COM	370334104
—	National Oilwell Varco	13,198	$865K	0.2%	$71.15	—	COM	637071101
CHKP	Check Point Software	10,525	$827K	0.2%	$53.49	+38.9%	COM	M22465104
BRK/B	Berkshire Hathaway B	5,147	$773K	0.2%	$111.35	+29.6%	COM	084670702
—	AbbVie	11,520	$754K	0.2%	$44.91	—	COM	00287y109
EFA	iShares MSCI EAFE Fund	12,275	$747K	0.2%	$58.34	—	COM	464287465
HAL	Halliburton	18,700	$735K	0.2%	$35.39	+11.0%	COM	406216101
—	Xerox	51,290	$711K	0.2%	$9.07	—	COM	984121103
XLI	Industrial Sector SPDR	12,550	$710K	0.2%	$52.45	—	COM	81369Y704
XLB	Materials Sector SPDR	14,565	$708K	0.2%	$40.39	—	COM	81369Y100
XLU	Utilities Sector SPDR	14,992	$708K	0.2%	$38.23	—	COM	81369Y886
AAPL	Apple Inc.	5,975	$660K	0.2%	$18.18	+32.5%	COM	037833100
EOG	EOG Resources, Inc.	7,105	$654K	0.2%	$68.05	0.0%	COM	26875P101
—	AT&T Inc.	19,225	$646K	0.2%	$35.36	—	COM	00206r102
CTSH	Cognizant Tech Solutions	11,675	$615K	0.2%	$44.29	0.0%	COM	192446102
IBM	IBM	3,643	$584K	0.2%	$116.81	-14.0%	COM	459200101
—	PG&E Corporation	10,533	$561K	0.2%	$45.89	—	COM	69331c108
VNQ	Vanguard REIT ETF	6,507	$527K	0.2%	$68.84	—	COM	922908553
ADP	Automatic Data Proc.	6,300	$525K	0.1%	$45.09	+40.9%	COM	053015103
ABT	Abbott Laboratories	11,521	$519K	0.1%	$29.47	+19.8%	COM	002824100
—	3M Corp	2,956	$486K	0.1%	$122.28	—	COM	88579y101
XLE	Energy Sector SPDR	5,435	$430K	0.1%	$81.26	—	COM	81369Y506
UNP	Union Pacific	3,600	$429K	0.1%	$69.50	+28.7%	COM	907818108
—	Vanguard Info Tech ETF	4,000	$418K	0.1%	$73.91	—	COM	92204a702
HD	Home Depot	3,981	$418K	0.1%	$60.11	+24.5%	COM	437076102
—	T. Rowe Price Group	3,600	$309K	0.1%	$73.33	—	COM	74144t108
BXP	Boston Properties	2,000	$257K	0.1%	$64.00	+23.8%	COM	101121101
—	Chubb	2,299	$238K	0.1%	$84.65	—	COM	171232101
—	Walgreens Boots Alliance	2,797	$213K	0.1%	$76.15	—	COM	931427108
REZ	iShares FTSE NAREIT Residentia	3,600	$212K	0.1%	$58.89	—	COM	464288562
—	iPath DJ-UBS Commodity Index	6,980	$209K	0.1%	$36.41	—	COM	06738c778
RWT	Redwood Trust Inc.	10,000	$197K	0.1%	$19.70	—	COM	758075402