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
3M CO COM 88579Y101 312 1,780 SH   SOLE   1,780 0 0
ALLERGAN PLC SHS G0177J108 48,684 210,673 SH   SOLE   210,673 0 0
ALPHABET INC CAP STK CL A 02079K305 35,735 50,794 SH   SOLE   50,794 0 0
ALPHABET INC CAP STK CL C 02079K107 2,098 3,031 SH   SOLE   3,031 0 0
AMAZON COM INC COM 023135106 222 310 SH   SOLE   310 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 28,466 538,208 SH   SOLE   538,208 0 0
AMERISOURCEBERGEN CORP COM 03073E105 556 7,010 SH   SOLE   7,010 0 0
APPLE INC COM 037833100 39,468 412,844 SH   SOLE   412,844 0 0
AT&T INC COM 00206R102 1,315 30,444 SH   SOLE   30,444 0 0
BANK AMER CORP COM 060505104 46,947 3,537,830 SH   SOLE   3,537,830 0 0
BANK HAWAII CORP COM 062540109 248 3,600 SH   SOLE   3,600 0 0
BANK NEW YORK MELLON CORP COM 064058100 38,706 996,294 SH   SOLE   996,294 0 0
BARD C R INC COM 067383109 21,886 93,068 SH   SOLE   93,068 0 0
BAXTER INTL INC COM 071813109 735 16,245 SH   SOLE   16,245 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 67,705 467,611 SH   SOLE   467,611 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 858 31,015 SH   SOLE   31,015 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 274 3,730 SH   SOLE   3,730 0 0
CATERPILLAR INC DEL COM 149123101 671 8,850 SH   SOLE   8,850 0 0
CHEVRON CORP NEW COM 166764100 1,331 12,698 SH   SOLE   12,698 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 265 4,575 SH   SOLE   4,575 0 0
CHUBB LIMITED COM H1467J104 638 4,878 SH   SOLE   4,878 0 0
CISCO SYS INC COM 17275R102 1,005 35,014 SH   SOLE   35,014 0 0
CITIGROUP INC COM NEW 172967424 32,654 770,325 SH   SOLE   770,325 0 0
COCA COLA CO COM 191216100 713 15,732 SH   SOLE   15,732 0 0
COLFAX CORP COM 194014106 15,773 596,115 SH   SOLE   596,115 0 0
CONSOLIDATED EDISON INC COM 209115104 847 10,525 SH   SOLE   10,525 0 0
DEERE & CO COM 244199105 22,999 283,797 SH   SOLE   283,797 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 19,185 169,959 SH   SOLE   169,959 0 0
DISNEY WALT CO COM DISNEY 254687106 303 3,099 SH   SOLE   3,099 0 0
DOW CHEM CO COM 260543103 574 11,550 SH   SOLE   11,550 0 0
EATON CORP PLC SHS G29183103 621 10,400 SH   SOLE   10,400 0 0
EMERSON ELEC CO COM 291011104 802 15,369 SH   SOLE   15,369 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 224 7,652 SH   SOLE   7,652 0 0
EOG RES INC COM 26875P101 501 6,000 SH   SOLE   6,000 0 0
ESSEX PPTY TR INC COM 297178105 365 1,599 SH   SOLE   1,599 0 0
EXELON CORP UNIT 99/99/9999 30161N127 1,096 22,215 SH   SOLE   22,215 0 0
EXXON MOBIL CORP COM 30231G102 2,066 22,037 SH   SOLE   22,037 0 0
FEDEX CORP COM 31428X106 25,984 171,196 SH   SOLE   171,196 0 0
FISERV INC COM 337738108 24,655 226,755 SH   SOLE   226,755 0 0
FLOWSERVE CORP COM 34354P105 53,696 1,188,749 SH   SOLE   1,188,749 0 0
GENERAL ELECTRIC CO COM 369604103 1,396 44,343 SH   SOLE   44,343 0 0
GENERAL MTRS CO COM 37045V100 26,572 938,945 SH   SOLE   938,945 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 623 14,380 SH   SOLE   14,380 0 0
GRAINGER W W INC COM 384802104 24,470 107,678 SH   SOLE   107,678 0 0
HALLIBURTON CO COM 406216101 248 5,480 SH   SOLE   5,480 0 0
HOME DEPOT INC COM 437076102 412 3,228 SH   SOLE   3,228 0 0
HOST HOTELS & RESORTS INC COM 44107P104 721 44,476 SH   SOLE   44,476 0 0
INTEL CORP COM 458140100 1,113 33,945 SH   SOLE   33,945 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 862 5,681 SH   SOLE   5,681 0 0
ISHARES TR 1-3 YR CR BD ETF 464288646 51,927 489,460 SH   SOLE   489,460 0 0
ISHARES TR CORE US AGGBD ET 464287226 35,218 312,732 SH   SOLE   312,732 0 0
ISHARES TR IBOXX INV CP ETF 464287242 25,487 207,661 SH   SOLE   207,661 0 0
ISHARES TR TIPS BD ETF 464287176 42,552 364,718 SH   SOLE   364,718 0 0
JOHNSON & JOHNSON COM 478160104 1,560 12,864 SH   SOLE   12,864 0 0
KIMBERLY CLARK CORP COM 494368103 826 6,010 SH   SOLE   6,010 0 0
LILLY ELI & CO COM 532457108 381 4,836 SH   SOLE   4,836 0 0
LOWES COS INC COM 548661107 660 8,337 SH   SOLE   8,337 0 0
M & T BK CORP COM 55261F104 565 4,780 SH   SOLE   4,780 0 0
MATTEL INC COM 577081102 699 22,355 SH   SOLE   22,355 0 0
MCDONALDS CORP COM 580135101 638 5,305 SH   SOLE   5,305 0 0
MCKESSON CORP COM 58155Q103 651 3,490 SH   SOLE   3,490 0 0
MEDTRONIC PLC SHS G5960L103 312 3,600 SH   SOLE   3,600 0 0
MICROSOFT CORP COM 594918104 46,637 911,413 SH   SOLE   911,413 0 0
MONDELEZ INTL INC CL A 609207105 39,761 873,670 SH   SOLE   873,670 0 0
OWENS ILL INC COM NEW 690768403 24,521 1,361,499 SH   SOLE   1,361,499 0 0
PAYCHEX INC COM 704326107 934 15,705 SH   SOLE   15,705 0 0
PEPSICO INC COM 713448108 14,771 139,425 SH   SOLE   139,425 0 0
PROCTER & GAMBLE CO COM 742718109 1,066 12,592 SH   SOLE   12,592 0 0
QUALCOMM INC COM 747525103 22,007 410,808 SH   SOLE   410,808 0 0
SCHLUMBERGER LTD COM 806857108 346 4,378 SH   SOLE   4,378 0 0
SOUTHERN CO COM 842587107 448 8,350 SH   SOLE   8,350 0 0
SYSCO CORP COM 871829107 1,125 22,170 SH   SOLE   22,170 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 275 5,475 SH   SOLE   5,475 0 0
TIME WARNER INC COM NEW 887317303 11,134 151,405 SH   SOLE   151,405 0 0
UNION PAC CORP COM 907818108 612 7,010 SH   SOLE   7,010 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,025 9,515 SH   SOLE   9,515 0 0
UNITED TECHNOLOGIES CORP COM 913017109 24,683 240,688 SH   SOLE   240,688 0 0
VENTAS INC COM 92276F100 263 3,618 SH   SOLE   3,618 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 891 15,948 SH   SOLE   15,948 0 0
WELLS FARGO & CO NEW COM 949746101 19,521 412,454 SH   SOLE   412,454 0 0
WELLS FARGO & CO NEW PERP PFD CNV A 949746804 952 733 SH   SOLE   733 0 0