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
BED BATH & BEYOND INC COM 075896100 71,801 928,136 SH   SOLE   928,136 0 0
CARDINAL HEALTH INC COM 14149Y108 35,828 687,020 SH   SOLE   687,020 0 0
COMCAST CORP NEW CL A 20030N101 50,008 1,108,451 SH   SOLE   1,108,451 0 0
DELL INC COM 24702r101 756 55,000 SH   SOLE   55,000 0 0
ECOLAB INC COM 278865100 81,143 821,621 SH   SOLE   821,621 0 0
EXPEDITORS INTL WASH INC COM 302130109 74,075 1,681,222 SH   SOLE   1,681,222 0 0
MICROSOFT CORP COM 594918104 51,078 1,534,810 SH   SOLE   1,534,810 0 0
NEKTAR THERAPEUTICS COM 640268108 188 18,000 SH   SOLE   18,000 0 0
NIKE INC CL B 654106103 115,100 1,584,525 SH   SOLE   1,584,525 0 0
PAYCHEX INC COM 704326107 82,130 2,020,907 SH   SOLE   2,020,907 0 0
PROGRESSIVE CORP OHIO COM 743315103 81,153 2,980,292 SH   SOLE   2,980,292 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347b201 1,073 14,250 SH   SOLE   14,250 0 0
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 251 3,850 SH   SOLE   3,850 0 0
SOURCEFIRE INC COM 83616T108 334 4,400 SH   SOLE   4,400 0 0
UNITED PARCEL SERVICE INC CL B 911312106 22,264 243,667 SH   SOLE   243,667 0 0
US BANCORP DEL COM NEW 902973304 353 9,649 SH   SOLE   9,649 0 0
WATERS CORP COM 941848103 26,617 250,610 SH   SOLE   250,610 0 0
WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 842 60,000 SH   SOLE   60,000 0 0
WELLS FARGO & CO NEW COM 949746101 78,162 1,891,622 SH   SOLE   1,891,622 0 0