The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3-D SYSTEMS CORP NEW COMMON 88554D205 6,214 715,043 SH   SOLE   3,000 0 712,043
3M CO COMMON 88579Y101 6,788 45,062 SH   SOLE   0 0 45,062
ABBOTT LABORATORIES COMMON 002824100 4,913 109,399 SH   SOLE   0 0 109,399
ABBVIE INC COMMON 00287Y109 1,348 22,757 SH   SOLE   0 0 22,757
ACCENTURE PLC IRELAND SHS CLAS COMMON G1151C101 23,068 220,747 SH   SOLE   8,200 0 212,547
ADOBE SYSTEMS, INC COMMON 00724F101 7,496 79,796 SH   SOLE   0 0 79,796
ADVISORY BOARD CO COMMON 00762W107 23,045 464,514 SH   SOLE   34,000 0 430,514
AIR LEASE CORP CL A COMMON 00912X302 47,635 1,422,777 SH   SOLE   90,000 0 1,332,777
AIR PRODUCTS & CHEMICALS INC COMMON 009158106 22,781 175,089 SH   SOLE   2,400 0 172,689
AKORN INC COMMON 009728106 224 6,000 SH   SOLE   0 0 6,000
ALCOA INC COMMON 013817101 59,497 6,028,099 SH   SOLE   275,000 0 5,753,099
ALLERGAN PLC SHS COMMON G0177J108 215 689 SH   SOLE   0 0 689
ALPHABET INC CAP STK CL A COMMON 02079K305 33,436 42,976 SH   SOLE   2,962 0 40,014
ALPHABET INC CAP STK CL C COMMON 02079K107 50,969 67,164 SH   SOLE   3,720 0 63,444
ALTRIA GROUP INC COMMON 02209S103 1,177 20,223 SH   SOLE   0 0 20,223
AMAZON.COM INC COMMON 023135106 759 1,123 SH   SOLE   0 0 1,123
AMERICAN AIRLINES GROUP INC COMMON 02376R102 17,527 413,870 SH   SOLE   51,500 0 362,370
AMERICAN EXPRESS CO COMMON 025816109 36,522 525,114 SH   SOLE   38,000 0 487,114
AMERICAN INTL GROUP NEW COMMON 026874784 4,514 72,843 SH   SOLE   0 0 72,843
AMERICAN TOWER CORP REIT COMMON 03027X100 20,143 207,764 SH   SOLE   7,500 0 200,264
AMGEN, INC COMMON 031162100 56,228 346,380 SH   SOLE   16,000 0 330,380
ANADARKO PETROLEUM CORP COMMON 032511107 216 4,445 SH   SOLE   0 0 4,445
ANTHRACITE CAP INC COMMON 037023108 0 13,772 SH   SOLE   0 0 13,772
APACHE CORP COMMON 037411105 609 13,690 SH   SOLE   0 0 13,690
APPLE INC COMMON 037833100 9,457 89,845 SH   SOLE   4,620 0 85,225
AT&T INC COMMON 00206R102 1,518 44,122 SH   SOLE   0 0 44,122
AUTOMATIC DATA PROCESSING COMMON 053015103 3,002 35,434 SH   SOLE   0 0 35,434
AVALONBAY COMMUNITIES INC COMMON 053484101 11,884 64,540 SH   SOLE   375 0 64,165
BANK OF AMERICA CORP COMMON 060505104 604 35,881 SH   SOLE   0 0 35,881
BANK OF NEW YORK MELLON CORP COMMON 064058100 235 5,701 SH   SOLE   0 0 5,701
BANKUNITED INC COMMON 06652K103 29,264 811,523 SH   SOLE   65,500 0 746,023
BB&T CORP COMMON 054937107 22,662 599,364 SH   SOLE   17,500 0 581,864
BECTON DICKINSON & CO COMMON 075887109 512 3,322 SH   SOLE   0 0 3,322
BERKSHIRE HATHAWAY INC CL B NE COMMON 084670702 1,372 10,388 SH   SOLE   0 0 10,388
BIOGEN INC COMMON 09062X103 294 960 SH   SOLE   0 0 960
BJS RESTAURANTS INC COMMON 09180C106 217 5,000 SH   SOLE   0 0 5,000
BLACKSTONE GROUP L P UNIT LTD COMMON 09253U108 17,935 613,357 SH   SOLE   70,750 0 542,607
BLUEKNIGHT ENERGY PART UNIT COMMON 09625U109 57 10,192 SH   SOLE   0 0 10,192
BOEING CO COMMON 097023105 480 3,321 SH   SOLE   0 0 3,321
BORG WARNER INC COMMON 099724106 59,512 1,376,648 SH   SOLE   57,200 0 1,319,448
BRISTOL-MYERS SQUIBB CO COMMON 110122108 28,000 407,029 SH   SOLE   0 0 407,029
CAMBRIDGE HEART INC COMMON 131910101 0 302,350 SH   SOLE   0 0 302,350
CARE CAPITAL PROPERTIES INC COMMON 141624106 271 8,861 SH   SOLE   0 0 8,861
CARPENTER TECHNOLOGY CORP COMMON 144285103 1,338 44,210 SH   SOLE   0 0 44,210
CATERPILLAR INC COMMON 149123101 651 9,580 SH   SOLE   0 0 9,580
CELGENE CORP COMMON 151020104 38,678 322,963 SH   SOLE   32,500 0 290,463
CERNER CORP COMMON 156782104 48,419 804,705 SH   SOLE   45,200 0 759,505
CHARLES SCHWAB CORP NEW COMMON 808513105 263 7,982 SH   SOLE   0 0 7,982
CHEVRON CORP NEW COMMON 166764100 7,581 84,265 SH   SOLE   0 0 84,265
CHINANET ONLINE HOLDINGS COMMON 16949H102 17 20,000 SH   SOLE   0 0 20,000
CHUBB CORP COMMON 171232101 1,070 8,064 SH   SOLE   0 0 8,064
CISCO SYSTEMS INC COMMON 17275R102 62,639 2,306,725 SH   SOLE   105,710 0 2,201,015
CITIGROUP INC NEW COMMON 172967424 543 10,487 SH   SOLE   0 0 10,487
CLOROX CO COMMON 189054109 279 2,202 SH   SOLE   0 0 2,202
COACH INC COMMON 189754104 372 11,360 SH   SOLE   0 0 11,360
COCA-COLA CO COMMON 191216100 5,541 128,986 SH   SOLE   0 0 128,986
COLGATE PALMOLIVE CO COMMON 194162103 12,504 187,698 SH   SOLE   0 0 187,698
COMCAST CORP CL A COMMON 20030N101 19,308 342,156 SH   SOLE   37,290 0 304,866
CONSOLIDATED EDISON INC COMMON 209115104 259 4,034 SH   SOLE   0 0 4,034
CORE LABORATORIES N V COMMON N22717107 6,496 59,735 SH   SOLE   9,500 0 50,235
CORNING INC COMMON 219350105 30,574 1,672,522 SH   SOLE   14,500 0 1,658,022
COSTCO WHOLESALE CORP NEW COMMON 22160K105 1,329 8,231 SH   SOLE   1,990 0 6,241
CVS HEALTH CORP COMMON 126650100 895 9,152 SH   SOLE   0 0 9,152
DANAHER CORP DEL COMMON 235851102 53,250 573,321 SH   SOLE   40,000 0 533,321
DANONE SPONSORED ADR COMMON 23636T100 7,166 529,576 SH   SOLE   0 0 529,576
DEERE & CO COMMON 244199105 267 3,499 SH   SOLE   0 0 3,499
DELPHI AUTOMOTIVE PLC SHS COMMON G27823106 67,258 784,532 SH   SOLE   40,500 0 744,032
DELTA AIR LINES, INC COMMON 247361702 114,522 2,259,269 SH   SOLE   111,000 0 2,148,269
DENTSPLY INTL INC NEW COMMON 249030107 37,527 616,712 SH   SOLE   10,000 0 606,712
DIAGEO PLC ADR COMMON 25243Q205 45,971 421,485 SH   SOLE   23,700 0 397,785
DIGITALGLOBE INC NEW COMMON 25389M877 27,116 1,731,555 SH   SOLE   97,500 0 1,634,055
DISCOVERY COMMUNICATIONS NEW S COMMON 25470F104 721 27,020 SH   SOLE   0 0 27,020
DISCOVERY COMMUNICATIONS NEW S COMMON 25470F302 5,919 234,678 SH   SOLE   0 0 234,678
DISNEY (WALT) CO COMMON 254687106 16,061 152,849 SH   SOLE   0 0 152,849
DOMINION RESOURCES INC COMMON 25746U109 219 3,234 SH   SOLE   0 0 3,234
DOW CHEMICAL CO COMMON 260543103 1,559 30,289 SH   SOLE   0 0 30,289
DU PONT, (E.I.) COMMON 263534109 331 4,972 SH   SOLE   0 0 4,972
DUNKIN BRANDS GROUP INC COMMON 265504100 29,066 682,453 SH   SOLE   54,000 0 628,453
E M C CORP COMMON 268648102 323 12,563 SH   SOLE   0 0 12,563
EATON CORP PLC SHS COMMON G29183103 18,161 348,980 SH   SOLE   12,757 0 336,223
EBAY INC COMMON 278642103 8,896 323,709 SH   SOLE   14,500 0 309,209
ECOLAB INC COMMON 278865100 36,898 322,590 SH   SOLE   7,600 0 314,990
EMERSON ELECTRIC CO COMMON 291011104 2,627 54,920 SH   SOLE   0 0 54,920
ENTERPRISE PRODUCTS PARTNERS COMMON 293792107 247 9,648 SH   SOLE   0 0 9,648
EQUINIX INC COMMON 29444U700 60,059 198,609 SH   SOLE   13,611 0 184,998
EXPEDITORS INTL OF WASHINGTON COMMON 302130109 15,941 353,458 SH   SOLE   0 0 353,458
EXPRESS SCRIPTS HOLDING CO COMMON 30219G108 833 9,534 SH   SOLE   0 0 9,534
EXXON MOBIL CORP COMMON 30231G102 5,997 76,931 SH   SOLE   0 0 76,931
FACEBOOK INC CL A COMMON 30303M102 14,436 137,931 SH   SOLE   2,750 0 135,181
FASTENAL CO COMMON 311900104 13,268 325,029 SH   SOLE   1,500 0 323,529
FEDEX CORP COMMON 31428X106 3,686 24,741 SH   SOLE   0 0 24,741
FIRST REPUBLIC BANK, INC COMMON 33616C100 7,375 111,643 SH   SOLE   4,000 0 107,643
FORD MOTOR CO COMMON 345370860 56,354 3,999,544 SH   SOLE   54,000 0 3,945,544
GANNETT SPINCO INC (NEW) COMMON 36473H104 6,381 391,724 SH   SOLE   0 0 391,724
GENERAL ELECTRIC CO COMMON 369604103 62,997 2,022,389 SH   SOLE   76,560 0 1,945,829
GENERAL MOTORS CO COMMON 37045V100 71,450 2,100,848 SH   SOLE   91,000 0 2,009,848
GILEAD SCIENCES INC COMMON 375558103 1,288 12,725 SH   SOLE   0 0 12,725
GRACO INC COMMON 384109104 215 2,984 SH   SOLE   0 0 2,984
GRAINGER (W.W.), INC COMMON 384802104 308 1,520 SH   SOLE   1,200 0 320
HAIN CELESTIAL GROUP INC COMMON 405217100 18,855 466,830 SH   SOLE   11,800 0 455,030
HARMAN INTERNATIONAL INDS INC COMMON 413086109 54,875 582,476 SH   SOLE   24,000 0 558,476
HARTCOURT COMPANIES INC NEW COMMON 416187201 0 10,000 SH   SOLE   0 0 10,000
HERSHEY CO COMMON 427866108 367 4,115 SH   SOLE   0 0 4,115
HERTZ GLOBAL HOLDINGS INC COMMON 42805T105 164 11,525 SH   SOLE   0 0 11,525
HOLLYFRONTIER CORP COMMON 436106108 29,160 731,006 SH   SOLE   50,500 0 680,506
HOME DEPOT INC COMMON 437076102 1,079 8,160 SH   SOLE   0 0 8,160
HONEYWELL INTL INC COMMON 438516106 20,257 195,584 SH   SOLE   6,600 0 188,984
HP INC COMMON 40434L105 2,227 188,069 SH   SOLE   0 0 188,069
HUBBELL INC COMMON 443510607 1,051 10,403 SH   SOLE   0 0 10,403
HUDSONS BAY CO NEW COMMON 444218101 34,848 2,672,425 SH   SOLE   144,000 0 2,528,425
IHS INC CL A COMMON 451734107 27,065 228,535 SH   SOLE   23,900 0 204,635
ILLINOIS TOOL WORKS INC COMMON 452308109 17,127 184,795 SH   SOLE   3,500 0 181,295
ILLUMINA INC COMMON 452327109 81,923 426,806 SH   SOLE   20,300 0 406,506
INTEL CORP COMMON 458140100 33,559 974,125 SH   SOLE   17,510 0 956,615
INTERNATIONAL BUSINESS MACHINE COMMON 459200101 6,618 48,086 SH   SOLE   1,890 0 46,196
ISTAR INC COMMON 45031U101 2,521 214,935 SH   SOLE   0 0 214,935
JOHNSON & JOHNSON COMMON 478160104 8,851 86,162 SH   SOLE   0 0 86,162
JOHNSON CONTROLS INC COMMON 478366107 211 5,340 SH   SOLE   0 0 5,340
JPMORGAN CHASE & CO COMMON 46625H100 27,153 411,216 SH   SOLE   13,000 0 398,216
KIMBERLY CLARK CORP COMMON 494368103 738 5,800 SH   SOLE   0 0 5,800
KRAFT HEINZ CO COMMON 500754106 447 6,148 SH   SOLE   0 0 6,148
L BRANDS INC COMMON 501797104 2,717 28,351 SH   SOLE   0 0 28,351
LAMAR ADVERTISING CO N CL A COMMON 512816109 6,784 113,111 SH   SOLE   0 0 113,111
LAUDER ESTEE COS INC CL A COMMON 518439104 5,635 63,994 SH   SOLE   6,500 0 57,494
LEVEL 3 COMMUNICATIONS NEW COMMON 52729N308 13,863 255,017 SH   SOLE   750 0 254,267
LIBERTY GLOBAL PLC SHS CL C COMMON G5480U120 330 8,100 SH   SOLE   0 0 8,100
LIBERTY INTERACTIVE CORP SER A COMMON 53071M104 203 7,419 SH   SOLE   0 0 7,419
LILLY ELI & CO COMMON 532457108 656 7,790 SH   SOLE   0 0 7,790
LINEAR TECHNOLOGY CORP COMMON 535678106 391 9,210 SH   SOLE   0 0 9,210
LUXOTTICA GROUP S P A SPON ADR COMMON 55068R202 10,216 157,501 SH   SOLE   0 0 157,501
MACYS INC COMMON 55616P104 29,869 853,889 SH   SOLE   63,200 0 790,689
MANHATTAN ASSOCIATES INC COMMON 562750109 20,680 312,522 SH   SOLE   36,000 0 276,522
MARATHON PETROLEUM CORP COMMON 56585A102 28,624 552,169 SH   SOLE   32,200 0 519,969
MARSH & MCLENNAN COMPANIES, IN COMMON 571748102 378 6,809 SH   SOLE   0 0 6,809
MARTIN MARIETTA MATERIALS INC COMMON 573284106 570 4,177 SH   SOLE   0 0 4,177
MASTERCARD INC CL A COMMON 57636Q104 60,157 617,877 SH   SOLE   40,250 0 577,627
MCCORMICK & CO INC COMMON 579780206 1,558 18,210 SH   SOLE   0 0 18,210
MCDONALD'S CORP COMMON 580135101 525 4,442 SH   SOLE   0 0 4,442
MERCK & CO INC NEW COMMON 58933Y105 27,196 514,876 SH   SOLE   12,000 0 502,876
METLIFE INC COMMON 59156R108 50,681 1,051,264 SH   SOLE   59,000 0 992,264
MICROCHIP TECHNOLOGY INC COMMON 595017104 10,506 225,742 SH   SOLE   0 0 225,742
MICROSOFT CORP COMMON 594918104 71,541 1,289,497 SH   SOLE   64,000 0 1,225,497
MONDELEZ INTL INC CL A COMMON 609207105 6,067 135,311 SH   SOLE   0 0 135,311
MONSTER BEVERAGE CORP COMMON 61174X109 430 2,885 SH   SOLE   0 0 2,885
NCR CORP COMMON 62886E108 18,221 744,925 SH   SOLE   30,500 0 714,425
NESTLE S A SPON ADR COMMON 641069406 41,805 561,325 SH   SOLE   29,700 0 531,625
NEXTERA ENERGY INC COMMON 65339F101 373 3,592 SH   SOLE   0 0 3,592
NIELSEN HOLDINGS PLC COMMON G6518L108 19,086 409,571 SH   SOLE   18,000 0 391,571
NIKE INC CL B COMMON 654106103 469 7,500 SH   SOLE   0 0 7,500
NORDSTROM, INC COMMON 655664100 22,099 443,657 SH   SOLE   8,700 0 434,957
NOVARTIS A G SPON ADR COMMON 66987V109 45,664 530,725 SH   SOLE   21,750 0 508,975
NOVO-NORDISK A S ADR COMMON 670100205 19,886 342,392 SH   SOLE   8,000 0 334,392
NVIDIA CORP COMMON 67066G104 7,126 216,198 SH   SOLE   40,000 0 176,198
ONCONOVA THERAPEUTICS COMMON 68232V108 67 69,964 SH   SOLE   0 0 69,964
OPKO HEALTH INC COMMON 68375N103 151 15,000 SH   SOLE   0 0 15,000
ORACLE CORP COMMON 68389X105 414 11,339 SH   SOLE   0 0 11,339
PAYCHEX INC COMMON 704326107 218 4,113 SH   SOLE   0 0 4,113
PAYPAL HOLDINGS INC COMMON 70450Y103 17,753 490,413 SH   SOLE   15,750 0 474,663
PENTAIR PLC SHS COMMON G7S00T104 7,194 145,243 SH   SOLE   750 0 144,493
PEPSICO INC COMMON 713448108 36,955 369,841 SH   SOLE   3,300 0 366,541
PERRIGO CO PCL SHS COMMON G97822103 7,773 53,716 SH   SOLE   2,900 0 50,816
PFIZER INC COMMON 717081103 2,917 90,361 SH   SOLE   0 0 90,361
PHILIP MORRIS INTL INC COMMON 718172109 1,163 13,232 SH   SOLE   0 0 13,232
PJT PARTNERS INC CL A COMMON 69343T107 234 8,282 SH   SOLE   0 0 8,282
PRAXAIR INC COMMON 74005P104 28,358 276,932 SH   SOLE   21,500 0 255,432
PRECISION CASTPARTS CORP COMMON 740189105 3,156 13,602 SH   SOLE   0 0 13,602
PREMIER INC CL A COMMON 74051N102 14,437 409,325 SH   SOLE   14,250 0 395,075
PROCTER & GAMBLE CO COMMON 742718109 4,933 62,125 SH   SOLE   0 0 62,125
PROLOGIS INC COMMON 74340W103 2,887 67,258 SH   SOLE   0 0 67,258
PRUDENTIAL FINANCIAL INC COMMON 744320102 33,070 406,216 SH   SOLE   29,200 0 377,016
QIAGEN NV ORD COMMON N72482107 53,042 1,918,338 SH   SOLE   106,000 0 1,812,338
QUALCOMM INC COMMON 747525103 58,208 1,164,503 SH   SOLE   50,300 0 1,114,203
REXNORD CORP NEW COMMON 76169B102 1,966 108,515 SH   SOLE   0 0 108,515
REYNOLDS AMERICAN INC COMMON 761713106 387 8,394 SH   SOLE   0 0 8,394
SALEM MEDIA GROUP INC CL A COMMON 794093104 75 15,000 SH   SOLE   0 0 15,000
SANOFI SPONSORED ADR COMMON 80105N105 14,829 347,699 SH   SOLE   12,000 0 335,699
SCHLUMBERGER LTD COMMON 806857108 11,887 170,423 SH   SOLE   12,000 0 158,423
SMUCKER J M CO NEW COMMON 832696405 14,047 113,890 SH   SOLE   0 0 113,890
SOLUCORP INDUSTRIES LTD COMMON 83437C102 0 17,000 SH   SOLE   0 0 17,000
SOUTHWEST AIRLINES CO COMMON 844741108 49,590 1,151,648 SH   SOLE   2,500 0 1,149,148
STANLEY BLACK & DECKER COMMON 854502101 11,693 109,553 SH   SOLE   20,125 0 89,428
STARBUCKS CORP COMMON 855244109 13,668 227,680 SH   SOLE   18,320 0 209,360
STERICYCLE INC COMMON 858912108 38,957 323,026 SH   SOLE   16,400 0 306,626
STRATASYS LTD SHS COMMON M85548101 27,181 1,157,619 SH   SOLE   53,700 0 1,103,919
SYNCHRONY FINANCIAL COMMON 87165B103 45,228 1,487,262 SH   SOLE   64,824 0 1,422,438
TARGET CORP COMMON 87612E106 362 4,992 SH   SOLE   0 0 4,992
TD AMERITRADE HOLDING CORP COMMON 87236Y108 8,844 254,785 SH   SOLE   2,000 0 252,785
TEGNA INC COMMON 87901J105 23,701 928,720 SH   SOLE   40,000 0 888,720
TELUS CORP COMMON 87971M103 3,127 113,090 SH   SOLE   0 0 113,090
TEVA PHARMACEUTICAL INDUSTRIES COMMON 881624209 211 3,221 SH   SOLE   0 0 3,221
THERMO FISHER SCIENTIFIC COMMON 883556102 54,834 386,565 SH   SOLE   28,250 0 358,315
THOMSON REUTERS CORP COMMON 884903105 22,050 582,557 SH   SOLE   0 0 582,557
TIME WARNER INC NEW COMMON 887317303 570 8,808 SH   SOLE   0 0 8,808
TRANSDIGM GROUP INC COMMON 893641100 656 2,873 SH   SOLE   0 0 2,873
TRAVELERS COMPANIES INC COMMON 89417E109 236 2,087 SH   SOLE   0 0 2,087
TRUSTCO BK CORP N Y COMMON 898349105 123 20,000 SH   SOLE   0 0 20,000
ULTRA PETROLEUM CORP COMMON 903914109 25 10,000 SH   SOLE   0 0 10,000
UNDERGROUND SOLUTIONS COMMON 904323102 1 10,000 SH   SOLE   0 0 10,000
UNILEVER N.V. (NY SHS) COMMON 904784709 12,547 289,640 SH   SOLE   10,000 0 279,640
UNILEVER PLC SPON ADR NEW COMMON 904767704 311 7,220 SH   SOLE   0 0 7,220
UNION PACIFIC CORP COMMON 907818108 312 3,990 SH   SOLE   0 0 3,990
UNITED CONTINENTAL HOLDINGS IN COMMON 910047109 85,556 1,493,128 SH   SOLE   60,500 0 1,432,628
UNITED PARCEL SERVICE CL B COMMON 911312106 2,870 29,829 SH   SOLE   0 0 29,829
UNITED RENTALS INC COMMON 911363109 1,031 14,213 SH   SOLE   0 0 14,213
UNITED TECHNOLOGIES CORP COMMON 913017109 2,964 30,848 SH   SOLE   0 0 30,848
UNITEDHEALTH GROUP INC COMMON 91324P102 522 4,439 SH   SOLE   0 0 4,439
US BANCORP DEL NEW COMMON 902973304 32,454 760,589 SH   SOLE   51,500 0 709,089
V F CORP COMMON 918204108 30,108 483,659 SH   SOLE   10,500 0 473,159
VALERO ENERGY CORP COMMON 91913Y100 39,254 555,141 SH   SOLE   28,350 0 526,791
VENTAS INC COMMON 92276F100 16,128 285,812 SH   SOLE   25,000 0 260,812
VERIFONE SYSTEMS INC COMMON 92342Y109 18,169 648,434 SH   SOLE   22,000 0 626,434
VERISK ANALYTICS INC COMMON 92345Y106 46,272 601,868 SH   SOLE   43,250 0 558,618
VERIZON COMMUNICATIONS INC COMMON 92343V104 11,232 243,022 SH   SOLE   0 0 243,022
VISA INC CL A COMMON 92826C839 77,720 1,002,192 SH   SOLE   67,200 0 934,992
VISTEON CORP NEW COMMON 92839U206 920 8,035 SH   SOLE   0 0 8,035
VODAFONE GROUP PLC NEW SPNSR A COMMON 92857W308 4,615 143,067 SH   SOLE   0 0 143,067
VULCAN MATERIALS CO COMMON 929160109 11,321 119,211 SH   SOLE   600 0 118,611
WABCO HOLDINGS INC COMMON 92927K102 297 2,900 SH   SOLE   0 0 2,900
WALGREENS BOOTS ALLIANCE INC COMMON 931427108 205 2,405 SH   SOLE   0 0 2,405
WASTE MANAGEMENT INC COMMON 94106L109 898 16,830 SH   SOLE   0 0 16,830
WELLS FARGO & CO NEW COMMON 949746101 2,429 44,679 SH   SOLE   0 0 44,679
WHOLE FOODS MARKET INC COMMON 966837106 17,366 518,390 SH   SOLE   42,000 0 476,390
XPO LOGISTICS INC COMMON 983793100 29,210 1,071,914 SH   SOLE   83,000 0 988,914
YAHOO INC COMMON 984332106 19,670 591,412 SH   SOLE   4,000 0 587,412
YUM BRANDS INC COMMON 988498101 54,551 746,760 SH   SOLE   38,750 0 708,010
ZIMMER BIOMET HOLDINGS INc COMMON 98956P102 447 4,359 SH   SOLE   0 0 4,359
ZOETIS INC CL A COMMON 98978V103 17,488 364,943 SH   SOLE   10,000 0 354,943