Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Dow Chemical Company	241,511	$12.01M	4.3%	$45.87	—	COM	260543103
MRK	Merck & Co Inc	157,492	$9.073M	3.2%	$31.64	+24.8%	COM	58933Y105
AAPL	Apple Computer Inc	94,032	$8.989M	3.2%	$18.75	+20.6%	COM	037833100
—	General Electric Com	266,607	$8.393M	3.0%	$27.85	—	COM	369604103
JNJ	Johnson & Johnson	67,184	$8.149M	2.9%	$66.28	+31.3%	COM	478160104
DIS	Disney Walt Hldg Co	78,433	$7.672M	2.7%	$64.48	+43.0%	COM DISNEY	254687106
MSFT	Microsoft Corp	145,734	$7.457M	2.7%	$30.03	+53.1%	COM	594918104
ERIE	Erie Indemnity Co Cl	67,801	$6.735M	2.4%	$53.36	+44.9%	COM	29530P102
MMM	Minnesota Mining & M	35,269	$6.176M	2.2%	$84.74	+20.9%	COM	88579Y101
INTC	Intel Corp	182,293	$5.979M	2.1%	$17.94	+40.0%	COM	458140100
XOM	Exxon Mobil Corporat	63,350	$5.938M	2.1%	$54.77	+5.6%	COM	30231G102
MCD	Mc Donalds Corp	39,643	$4.771M	1.7%	$70.08	+41.5%	COM	580135101
CSCO	Cisco Systems Inc	164,565	$4.721M	1.7%	$15.38	+35.6%	COM	17275R102
PG	Procter & Gamble Co	54,822	$4.642M	1.7%	$58.25	+8.7%	COM	742718109
CVX	Chevrontexaco Corp	43,656	$4.576M	1.6%	$69.38	-3.8%	COM	166764100
BRK/B	Berkshire Hathaway Inc Del	30,436	$4.407M	1.6%	$116.94	+22.2%	CL B NEW	084670702
NKE	Nike Inc Class B	79,144	$4.369M	1.6%	$44.20	+13.8%	CL B	654106103
HD	Home Depot Inc	32,403	$4.137M	1.5%	$59.66	+76.0%	COM	437076102
IBM	Intl Business Machin	25,198	$3.825M	1.4%	$99.65	-4.5%	COM	459200101
EMR	Emerson Electric Co	72,696	$3.792M	1.4%	$43.73	-5.0%	CL A	291011104
KO	Coca Cola Company	82,770	$3.752M	1.3%	$27.34	+21.8%	COM	191216100
PFE	Pfizer Incorporated	99,910	$3.518M	1.3%	$17.70	+19.0%	COM	717081103
SBUX	Starbucks Corp	60,370	$3.448M	1.2%	$35.72	+30.0%	COM	855244109
V	Visa	46,247	$3.43M	1.2%	$58.33	+25.5%	COM CL A	92826C839
T	AT&T Inc	77,919	$3.367M	1.2%	$11.44	+32.1%	COM	00206R102
VZ	Verizon Communicatio	58,798	$3.283M	1.2%	$26.73	+17.8%	COM	92343V104
PEP	Pepsico Incorporated	29,138	$3.087M	1.1%	$57.72	+33.5%	COM	713448108
AMZN	Amazon Com Inc	4,281	$3.063M	1.1%	$16.70	+102.6%	COM	023135106
AMGN	Amgen Incorporated	19,574	$2.978M	1.1%	$87.79	+32.9%	COM	031162100
—	Alphabet Inc Class A	4,176	$2.938M	1.0%	$986.66	—	CL A	38259P508
CAT	Caterpillar Inc	38,241	$2.899M	1.0%	$62.24	-3.9%	COM	149123101
QCOM	Qualcomm Inc	53,614	$2.872M	1.0%	$47.45	-15.1%	COM	747525103
SYK	Stryker Corp	23,781	$2.85M	1.0%	$63.53	+57.9%	COM	863667101
F	Ford Motor Company	223,201	$2.806M	1.0%	$8.86	-10.5%	COM PAR $0.01	345370860
GM	General Motors Corp	95,065	$2.69M	1.0%	$27.22	-8.9%	COM	37045V100
BA	Boeing Co	20,462	$2.657M	0.9%	$112.76	+5.1%	COM	097023105
—	Alphabet Inc Class C	3,817	$2.642M	0.9%	$570.51	—	CL C	38259P706
UNP	Union Pacific Corp	29,078	$2.537M	0.9%	$68.85	-0.9%	COM	907818108
—	Time Warner Incorpor	33,626	$2.473M	0.9%	$71.65	—	COM NEW	887317303
UPS	United Parcel Servic	22,692	$2.444M	0.9%	$65.69	+11.3%	CL B	911312106
JPM	Morgan J P & Co Inc	37,908	$2.356M	0.8%	$41.90	+15.3%	COM	46625H100
BUD	Anheuser Busch Co In	17,777	$2.341M	0.8%	$121.88	—	SPONSORED ADR	03524A108
—	Genl Amern Invs	19,125	$2.134M	0.8%	$26.02	—	COM	368802104
MAT	Mattel Incorporated	67,280	$2.105M	0.7%	$28.12	+12.8%	COM	577081102
AXP	American Express Com	34,075	$2.07M	0.7%	$59.65	-7.4%	COM	025816109
TGT	Target Corporation	28,421	$1.984M	0.7%	$43.77	+28.2%	COM	87612E106
HON	Honeywell Internatio	16,657	$1.937M	0.7%	$64.14	+31.3%	COM	438516106
—	Royal Dutch Shell A	33,028	$1.824M	0.6%	$67.60	—	SPONS ADR A	780259206
ABBV	Abbvie Inc	27,498	$1.702M	0.6%	$30.66	+33.6%	COM	00287Y109
GLW	Corning Inc	80,695	$1.653M	0.6%	$12.33	+25.8%	COM	219350105
C	Citigroup Inc	38,575	$1.635M	0.6%	$38.14	-13.2%	COM	172967424
—	Medtronic Inc	18,596	$1.613M	0.6%	$57.61	—	COM	585055106
SO	The Southern Company	28,932	$1.552M	0.6%	$25.92	+29.7%	COM	842587107
WFC	Wells Fargo & Co New	31,913	$1.51M	0.5%	$32.65	+14.0%	COM	949746101
INGN	Inogen Inc	29,465	$1.485M	0.5%	$17.03	+180.1%	COM	45780L104
ITW	Illinois Tool Works	14,135	$1.472M	0.5%	$59.45	+40.1%	COM	452308109
AEP	Amer Electric Pwr Co	19,274	$1.351M	0.5%	$30.31	+53.8%	COM	025537101
ORCL	Oracle Corporation	32,480	$1.329M	0.5%	$28.79	+20.1%	COM	68389X105
—	Whole Foods Market I	40,853	$1.308M	0.5%	$36.27	—	COM	966837106
—	Harman Intl Inds Inc	18,015	$1.294M	0.5%	$90.66	—	COM	413086109
BMY	Bristol-Myers Squibb	17,369	$1.277M	0.5%	$34.16	+47.8%	COM	110122108
MO	Altria (Phillip Morr	17,095	$1.179M	0.4%	$19.08	+74.1%	COM	02209S103
—	United Technologies	11,480	$1.177M	0.4%	$113.76	—	COM	913017109
COP	Conocophillips	26,695	$1.164M	0.4%	$48.28	-32.1%	COM	20825C104
SPY	SPDR S&P 500 ETF TR	5,529	$1.158M	0.4%	$209.44	—	TR UNIT	78462F103
—	Express Scripts Inc	14,614	$1.108M	0.4%	$70.54	—	COM	30219G108
DUK	Duke Energy Corporat	12,788	$1.097M	0.4%	$43.57	+23.5%	COM NEW	26441C204
SONY	Sony Corp Adr New	36,890	$1.083M	0.4%	$18.22	—	ADR NEW	835699307
RL	Polo Ralph Lauren Cl	12,016	$1.077M	0.4%	$109.81	-30.4%	CL A	751212101
GIS	General Mills Inc	14,698	$1.048M	0.4%	$33.68	+35.0%	COM	370334104
DEO	Diageo Plc New Adr	9,286	$1.048M	0.4%	$131.11	—	SPON ADR NEW	25243Q205
—	Kraft Heinz Company	11,641	$1.03M	0.4%	$54.16	—	COM	50076Q106
ADBE	Adobe Sys Inc	10,540	$1.01M	0.4%	$90.83	+5.7%	COM	00724F101
SLB	Schlumberger Ltd	12,752	$1.008M	0.4%	$64.63	-9.9%	COM	806857108
—	Waste Management	14,835	$983K	0.4%	$42.07	—	COM	941053100
—	Du Pont E I De Nemou	14,772	$957K	0.3%	$65.00	—	COM	263534109
SYY	Sysco Corporation	18,395	$933K	0.3%	$24.47	+54.0%	COM	871829107
—	Walgreens Boots Alli	11,076	$922K	0.3%	$71.92	—	COM	931422109
CLX	Clorox Company	6,660	$922K	0.3%	$63.88	+54.5%	COM	189054109
BAC	Bank Amer Corp	68,626	$911K	0.3%	$11.77	-3.6%	COM	060505104
MDLZ	Mondelez Intl Inc Cl	19,160	$872K	0.3%	$25.52	+36.5%	CL A	609207105
WYNN	Wynn Resorts	9,450	$856K	0.3%	$105.84	-20.2%	COM	983134107
CVS	C V S Corp Del	8,742	$837K	0.3%	$57.56	+29.4%	COM	126650100
WDC	Western Digital Corp	17,385	$822K	0.3%	$28.61	0.0%	COM	958102105
PSX	Phillips	10,039	$796K	0.3%	$49.42	+14.8%	COM	718546104
PM	Philip Morris Intl I	7,789	$792K	0.3%	$49.50	+24.0%	COM	718172109
AIG	American Intl Group	14,717	$778K	0.3%	$39.62	+9.3%	COM NEW	026874784
IP	Intl Paper CO	17,720	$751K	0.3%	$22.81	+15.3%	COM	460146103
—	Kellogg Company	9,118	$744K	0.3%	$37.92	+34.3%	COM	487836108
RCI	Rogers Commun Inc Cl	17,820	$720K	0.3%	$40.77	-4.8%	CL B	775109200
—	Tribune Media Co	17,280	$677K	0.2%	$34.58	—	CL A	896047503
FDX	Fedex Corp	4,389	$666K	0.2%	$139.21	0.0%	COM	31428X106
OXY	Occidental Pete Corp	8,678	$656K	0.2%	$57.94	-2.1%	COM	674599105
EBAY	Ebay Inc	27,957	$654K	0.2%	$19.70	+9.0%	COM	278642103
ABT	Abbott Laboratories	16,425	$646K	0.2%	$29.56	+12.9%	COM	002824100
—	Chicago Bridge & Iro	17,945	$621K	0.2%	$56.25	—	COM	167250109
—	Celgene Corp	6,269	$618K	0.2%	$132.70	—	ORD	151020104
GPC	Genuine Parts Co	6,072	$615K	0.2%	$57.45	+27.7%	COM	372460105
GILD	Gilead Sciences Inc	7,365	$614K	0.2%	$51.76	+21.2%	COM	375558103
VAC	Marriott	9,175	$610K	0.2%	$62.62	0.0%	COM	57164Y107
KMI	Kinder Morgan Inc	31,963	$598K	0.2%	$16.03	-31.9%	COM	49456B101
COST	Costco Whsl Corp New	3,725	$585K	0.2%	$97.01	+32.0%	COM	22160K105
CL	Colgate-Palmolive Co	7,890	$577K	0.2%	$48.40	+17.5%	COM	194162103
—	Dr Pepper Snapple Gr	5,859	$566K	0.2%	$48.75	—	COM	26138E109
—	Glaxosmithkline Plc	13,042	$565K	0.2%	$49.33	—	SPONSORED ADR	37733W105
PII	Polaris Inds Inc	6,685	$546K	0.2%	$86.74	+2.2%	COM	731068102
—	B/E Aerospace Inc	11,650	$538K	0.2%	$46.05	—	COM	073302101
LLY	Lilly Eli & Company	6,766	$533K	0.2%	$39.86	+60.8%	COM	532457108
WU	Western Union Compan	27,450	$526K	0.2%	$17.25	—	COM	959802109
—	Unilever Plc Adr New	10,747	$515K	0.2%	$41.67	—	SPON ADR NEW	904767704
WMT	Wal-Mart Stores Inc	6,978	$509K	0.2%	$19.94	-2.1%	COM	931142103
KMB	Kimberly-Clark Corp	3,666	$504K	0.2%	$66.36	+41.6%	COM	494368103
—	Itc Holdings Corp	10,550	$494K	0.2%	$54.05	—	COM	465685105
BWA	Borgwarner	16,625	$491K	0.2%	$25.69	+1.5%	COM	099724106
LZB	La-Z-Boy Inc	17,282	$481K	0.2%	$25.44	+2.9%	COM	505336107
HPE	Hewlett Packard Enterprise C	25,612	$468K	0.2%	$7.76	0.0%	COM	42824C109
VOD	Vodafone Airtouch Ad	14,858	$459K	0.2%	$35.56	—	SPNSR ADR NO PAR	92857W308
ED	Consolidated Edison	5,685	$457K	0.2%	$35.92	+48.0%	COM	209115104
—	Macquarie Infrastruc	6,175	$457K	0.2%	$75.95	—	COM	55608B105
HSY	Hershey Company	3,988	$453K	0.2%	$72.20	+3.0%	COM	427866108
WPC	W P Carey	6,415	$445K	0.2%	$69.37	—	COM	92936U109
CTSH	Cognizant Tech Sol C	7,550	$432K	0.2%	$42.37	+26.5%	COM	192446102
HAS	Hasbro Inc	4,725	$397K	0.1%	$38.15	+60.6%	COM	418056107
—	Electronic Arts Inc	5,114	$387K	0.1%	$68.22	—	UNIT LTD PARTN	285512AA7
MCHP	Microchip Technology	7,633	$387K	0.1%	$16.17	+28.3%	COM	595017104
CMI	Cummins Inc	3,400	$382K	0.1%	$74.19	+18.2%	COM	231021106
BP	BP Plc	10,710	$380K	0.1%	$35.48	—	SPONSORED ADR	055622104
DE	Deere & Co	4,655	$377K	0.1%	$68.60	+2.0%	COM	244199105
CMG	Chipotle Mexican Grill Inc	933	$376K	0.1%	$9.51	-8.6%	COM	169656105
MAS	Masco Corp	12,000	$371K	0.1%	$15.53	+75.9%	COM	574599106
—	Alcoa Inc	38,392	$356K	0.1%	$11.75	—	COM	013817101
DECK	Deckers Outdoor Corp	6,100	$351K	0.1%	$12.22	-24.4%	COM	243537107
NFG	Nestle S A Reg B Adr	4,510	$349K	0.1%	$69.92	-22.8%	COM	636180101
—	Spectra Energy Partners LP	9,541	$349K	0.1%	$41.15	—	COM	84756N109
—	Energy Transfer Prtnrs LP	8,525	$324K	0.1%	$38.01	—	UNIT LTD PARTN	29273R109
—	Magellan Midstream Prtnrs Lp	4,260	$324K	0.1%	$70.25	—	COM	559080106
DTE	D T E Energy Company	3,181	$315K	0.1%	$42.92	+30.7%	COM	233331107
—	Cedar Fair	5,407	$313K	0.1%	$57.89	—	DEPOSITRY UNIT	150185106
—	Guggenheim ETF 2016	13,811	$304K	0.1%	$22.07	—	GUGG CRP BD 2016	18383M555
—	Goldman Sachs Group	2,043	$303K	0.1%	$148.31	—	SPONSORED ADR	37733W106
O	Realty Income Corp	4,275	$296K	0.1%	$38.59	0.0%	COM	756109104
BIIB	Biogen Inc	1,205	$291K	0.1%	$263.54	0.0%	COM	09062X103
WAT	Waters Corp	2,056	$289K	0.1%	$100.80	+34.2%	COM	941848103
—	Nordstrom Inc	7,448	$283K	0.1%	$49.82	—	COM	644664100
GT	Goodyear Tire & Rubb	10,720	$275K	0.1%	$26.72	+7.4%	COM	382550101
SNY	Sanofi Aventis Adr	6,323	$265K	0.1%	$53.18	—	SPONSORED ADR	80105N105
—	Teco Energy Inc	9,565	$264K	0.1%	$17.29	—	COM	872375100
ADP	Auto Data Processing	2,814	$258K	0.1%	$53.49	+34.2%	COM	053015103
UAA	Under Armour Inc Cl	6,411	$257K	0.1%	$25.08	+59.2%	CL A	904311107
CHKP	Check Pt Software Te	3,225	$257K	0.1%	$79.89	+4.8%	COM	M22465104
VFC	V F Corporation	4,160	$256K	0.1%	$52.98	+11.6%	COM	918204108
LUV	Southwest Airlines C	6,500	$255K	0.1%	$15.26	+149.9%	COM	844741108
ETN	Eaton Corporation	4,275	$255K	0.1%	$46.51	+7.0%	SHS	G29183103
SEE	Sealed Air Corp New	5,425	$249K	0.1%	$24.99	+61.9%	COM	81211K100
MHK	Mohawk Industries	1,284	$244K	0.1%	$194.62	0.0%	COM	608190104
—	Apache	4,345	$242K	0.1%	$70.38	—	COM	037411105
NOK	Nokia Corp	42,232	$240K	0.1%	$5.68	—	CL B	654902204
—	Total S A Adr	4,830	$232K	0.1%	$60.65	—	ADR	89151E109
NUE	Nucor Corp	4,655	$230K	0.1%	$32.43	+20.7%	COM	670346105
ONB	Old Natl bancorp Ind	18,000	$225K	0.1%	$11.79	+7.3%	COM	680033107
ACN	Accenture Ltd Cl A	1,950	$221K	0.1%	$80.68	+23.8%	SHS CLASS A	G1151C101
ABBNY	Abb Ltd Adr	10,720	$212K	0.1%	$24.96	—	SPONSORED ADR	000375204
GD	General Dynamics Cor	1,525	$212K	0.1%	$108.10	+4.6%	COM	369550108
—	Alexion Pharma Inc	1,780	$208K	0.1%	$132.98	—	COM	015351109
PAYX	Paychex Inc	3,460	$206K	0.1%	$29.42	+36.5%	COM	704326107
—	U S X-Marathon Group	12,788	$192K	0.1%	$25.96	—	COM	565849106
—	Invesco Value Muni I	10,000	$177K	0.1%	$13.50	—	COM	46132P108
FCX	Freeport Mcmorn Cp&G	14,214	$158K	0.1%	$18.64	-46.1%	COM	35671D857
—	Credit Suisse Asset Mgmt	40,000	$117K	0.0%	$2.77	—	COM	224916106
TRAK	Park City Group Inc	12,402	$111K	0.0%	$12.25	-25.3%	COM NEW	700215304
—	Xerox Corp	11,661	$111K	0.0%	$12.12	—	COM	984121103
—	Monogram Residential	10,000	$102K	0.0%	$10.20	—	COM	60979P105
—	Nuveen PFD Income Opprtny fd	10,000	$100K	0.0%	$9.10	—	COM	67073B106
—	Putnam Premier Inc Tr	20,000	$94,000	0.0%	$4.95	—	SH BEN INT	746853100
—	Nuveen Quality PFD Income Fd	10,000	$92,000	0.0%	$9.10	—	COM	67071S101
CRNT	Ceragon Networks Ltd	17,700	$28,000	0.0%	$1.35	+8.1%	ORD	M22013102
—	Violin Memory Inc	11,100	$10,000	0.0%	$1.35	—	COM	92763A101