Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ProLogis Inc	472,200	$20.57M	6.0%	$37.72	—	COM	74340w103
EXPD	Expeditors Int'l	349,901	$16.86M	4.9%	$33.50	+19.3%	COM	302130109
WFC	Wells Fargo & Co.	302,698	$16.47M	4.8%	$27.36	+45.6%	COM	949746101
PG	Procter & Gamble	190,176	$15.58M	4.6%	$55.13	+15.3%	COM	742718109
MLM	Martin Marietta Matls	96,300	$13.46M	3.9%	$92.98	+26.9%	COM	573284106
BMY	Bristol-Myers Squibb	190,750	$12.3M	3.6%	$31.59	+37.6%	COM	110122108
—	Apache Corp	200,200	$12.08M	3.5%	$72.44	—	COM	037411105
SCHW	Charles Schwab	387,400	$11.79M	3.5%	$16.81	+51.1%	COM	808513105
—	Calpine Corp	494,000	$11.3M	3.3%	$20.75	—	COM	131347304
RHI	Robert Half Intl.	180,500	$10.92M	3.2%	$37.23	+61.5%	COM	770323103
—	General Electric	428,050	$10.62M	3.1%	$23.44	—	COM	369604103
DKS	Dick's Sporting Goods	179,120	$10.21M	3.0%	$36.11	+14.3%	COM	253393102
—	Google Cl A	16,805	$9.322M	2.7%	$851.66	—	COM	38259p508
—	Google Cl C	16,804	$9.209M	2.7%	$571.38	—	COM	38259p706
—	Alcoa	700,500	$9.05M	2.7%	$8.36	—	COM	013817101
CVX	Chevron Corp	79,430	$8.339M	2.4%	$71.40	-6.3%	COM	166764100
INTC	Intel	260,481	$8.145M	2.4%	$17.35	+49.8%	COM	458140100
—	Cisco Systems	294,132	$8.096M	2.4%	$24.34	—	COM	17275r102
—	Teradata Corp	174,750	$7.713M	2.3%	$44.27	—	COM	88076w103
—	Progressive Waste Sol.	207,500	$6.096M	1.8%	$22.89	—	COM	74339g101
MSFT	Microsoft	142,656	$5.8M	1.7%	$26.70	+39.5%	COM	594918104
VEU	Vanguard FTSE All-World ex-US	110,320	$5.376M	1.6%	$46.66	—	COM	922042775
SYY	Sysco Corp	135,750	$5.122M	1.5%	$24.93	+18.5%	COM	871829107
JNJ	Johnson & Johnson	49,412	$4.971M	1.5%	$59.66	+25.9%	COM	478160104
AMGN	Amgen Inc.	31,050	$4.963M	1.5%	$73.34	+56.9%	COM	031162100
BK	Bank of NY Mellon	119,423	$4.806M	1.4%	$21.54	+38.1%	COM	064058100
—	Merck & Co.	76,096	$4.374M	1.3%	$46.80	—	COM	58933y105
WMT	Wal-Mart Stores	48,728	$4.008M	1.2%	$19.98	+15.3%	COM	931142103
—	Exxon Mobil	38,342	$3.259M	1.0%	$91.28	—	COM	30231g102
IJH	iShares S&P Mid Cap	21,439	$3.258M	1.0%	$118.76	—	COM	464287507
IJR	iShares S&P Small Cap	26,476	$3.125M	0.9%	$92.67	—	COM	464287804
PFE	Pfizer	83,134	$2.892M	0.8%	$16.46	+22.1%	COM	717081103
LOW	Lowe's Cos.	34,810	$2.59M	0.8%	$32.27	+82.7%	COM	548661107
DIS	Walt Disney	24,162	$2.534M	0.7%	$57.96	+58.5%	COM	254687106
—	Noble Corp.	168,300	$2.403M	0.7%	$33.96	—	COM	g65431101
AXP	American Express	27,122	$2.119M	0.6%	$60.19	+18.0%	COM	025816109
ALL	Allstate Corp.	28,498	$2.028M	0.6%	$37.43	+48.8%	COM	020002101
DHR	Danaher Corp	22,134	$1.879M	0.6%	$25.86	+34.8%	COM	235851102
USB	U.S. Bancorp	41,558	$1.815M	0.5%	$22.44	+32.8%	COM	902973304
—	Dominion Resources	24,217	$1.716M	0.5%	$56.83	—	COM	25746u109
KO	Coca Cola	41,583	$1.686M	0.5%	$27.86	+6.3%	COM	191216100
—	J.P. Morgan Chase	27,821	$1.685M	0.5%	$53.22	—	COM	46625h100
CAT	Caterpillar	21,034	$1.683M	0.5%	$62.30	+1.3%	COM	149123101
XLK	Technology Sector SPDR	40,160	$1.664M	0.5%	$34.13	—	COM	81369Y803
XLV	Health Care Sector SPDR	22,750	$1.649M	0.5%	$66.85	—	COM	81369Y209
—	United Technologies	13,605	$1.595M	0.5%	$93.59	—	COM	913017109
—	Du Pont	22,262	$1.591M	0.5%	$52.77	—	COM	263534109
—	Verizon Comm.	32,376	$1.574M	0.5%	$50.07	—	COM	92343v104
XLY	Cons. Disc. Sector SPDR	20,665	$1.557M	0.5%	$57.86	—	COM	81369Y407
—	Oracle	33,732	$1.456M	0.4%	$32.62	—	COM	68389x105
MCD	McDonald's	13,513	$1.317M	0.4%	$71.80	+0.5%	COM	580135101
PEP	Pepsico	13,682	$1.308M	0.4%	$56.02	+24.4%	COM	713448108
CME	CME Group, Inc.	13,600	$1.288M	0.4%	$48.09	+26.6%	COM	12572Q105
TEVA	Teva Pharm Inds ADR	18,776	$1.17M	0.3%	$42.06	—	COM	881624209
XLP	Consumer Staples SPDR	22,175	$1.081M	0.3%	$40.13	—	COM	81369Y308
VTI	Vanguard Ttl Stk ETF	9,260	$993K	0.3%	$91.43	—	COM	922908769
PCAR	PACCAR, Inc.	14,850	$938K	0.3%	$26.79	+5.3%	COM	693718108
XLF	Financial Sector SPDR	38,855	$937K	0.3%	$21.43	—	COM	81369Y605
VFC	V.F. Corp.	12,415	$935K	0.3%	$51.86	+33.5%	COM	918204108
GIS	General Mills Inc.	16,446	$931K	0.3%	$33.34	+9.9%	COM	370334104
CHKP	Check Point Software	10,275	$842K	0.2%	$53.49	+51.0%	COM	M22465104
HAL	Halliburton	18,800	$825K	0.2%	$35.39	-4.5%	COM	406216101
EFA	iShares MSCI EAFE Fund	12,275	$788K	0.2%	$58.34	—	COM	464287465
BRK/B	Berkshire Hathaway B	5,147	$743K	0.2%	$111.35	+32.1%	COM	084670702
AAPL	Apple Inc.	5,885	$732K	0.2%	$18.18	+47.6%	COM	037833100
CTSH	Cognizant Tech Solutions	11,275	$703K	0.2%	$44.29	+18.0%	COM	192446102
XLI	Industrial Sector SPDR	12,350	$689K	0.2%	$52.45	—	COM	81369Y704
EOG	EOG Resources, Inc.	7,395	$678K	0.2%	$67.98	-2.6%	COM	26875P101
—	AbbVie	11,520	$674K	0.2%	$44.91	—	COM	00287y109
—	National Oilwell Varco	13,398	$670K	0.2%	$70.84	—	COM	637071101
—	Xerox	51,290	$659K	0.2%	$9.07	—	COM	984121103
XLU	Utilities Sector SPDR	14,717	$654K	0.2%	$38.23	—	COM	81369Y886
NUE	Nucor Corp.	13,625	$648K	0.2%	$35.94	0.0%	COM	670346105
—	AT&T Inc.	19,225	$628K	0.2%	$35.36	—	COM	00206r102
—	PG&E Corporation	10,533	$559K	0.2%	$45.89	—	COM	69331c108
VNQ	Vanguard REIT ETF	6,507	$549K	0.2%	$68.84	—	COM	922908553
ADP	Automatic Data Proc.	6,300	$540K	0.2%	$45.09	+50.6%	COM	053015103
IBM	IBM	3,343	$537K	0.2%	$116.81	-17.4%	COM	459200101
ABT	Abbott Laboratories	11,521	$534K	0.2%	$29.47	+27.0%	COM	002824100
XLB	Materials Sector SPDR	10,530	$514K	0.2%	$40.39	—	COM	81369Y100
—	3M Corp	2,956	$488K	0.1%	$122.28	—	COM	88579y101
XLE	Energy Sector SPDR	5,835	$453K	0.1%	$81.01	—	COM	81369Y506
HD	Home Depot	3,981	$452K	0.1%	$60.11	+42.0%	COM	437076102
—	Vanguard Info Tech ETF	4,000	$426K	0.1%	$73.91	—	COM	92204a702
UNP	Union Pacific	3,600	$390K	0.1%	$69.50	+32.2%	COM	907818108
—	T. Rowe Price Group	3,600	$292K	0.1%	$73.33	—	COM	74144t108
BXP	Boston Properties	2,000	$281K	0.1%	$64.00	+41.6%	COM	101121101
—	Walgreens Boots Alliance	2,797	$237K	0.1%	$76.15	—	COM	931427108
—	Chubb	2,299	$232K	0.1%	$84.65	—	COM	171232101
REZ	iShares FTSE NAREIT Residentia	3,600	$224K	0.1%	$58.89	—	COM	464288562
MCO	Moody's Corp	1,941	$201K	0.1%	$86.54	0.0%	COM	615369105
RWT	Redwood Trust Inc.	10,000	$179K	0.1%	$19.70	—	COM	758075402