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
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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
Adobe Systems, Inc. COM 00724F101 11,461 88,073 SH   SOLE 0 44,100 0 43,973
Aflac Inc. COM 001055102 10,135 139,945 SH   SOLE 0 70,025 0 69,920
Akamai Technologies, Inc. COM 00971T101 262 4,388 SH   SOLE 0 4,388 0 0
Alkermes PLC COM G01767105 267 4,562 SH   SOLE 0 4,562 0 0
Alliance Data Systems COM 018581108 11,188 44,930 SH   SOLE 0 22,475 0 22,455
Alphabet Inc. COM 02079K305 17,783 20,976 SH   SOLE 0 10,475 0 10,501
Amazon.com Inc. COM 023135106 12,197 13,758 SH   SOLE 0 6,896 0 6,862
Amgen Inc COM 031162100 9,242 56,327 SH   SOLE 0 28,225 0 28,102
Apple Inc. COM 037833100 24,666 171,694 SH   SOLE 0 85,923 0 85,771
Baxter International COM 071813109 11,613 223,928 SH   SOLE 0 115,314 0 108,614
Becton Dickinson & Co. COM 075887109 9,808 53,469 SH   SOLE 0 26,787 0 26,682
BioMarin Pharmaceutical COM 09061G101 6,789 77,345 SH   SOLE 0 40,372 0 36,973
Boeing Co COM 097023105 11,683 66,056 SH   SOLE 0 33,084 0 32,972
CBS Corp. - Cl. B COM 124857202 10,761 155,147 SH   SOLE 0 77,600 0 77,547
CSRA Inc. COM 12650T104 281 9,586 SH   SOLE 0 9,586 0 0
Cabot Oil & Gas Corp. COM 127097103 488 20,412 SH   SOLE 0 20,412 0 0
Campbell Soup Co. COM 134429109 9,192 160,595 SH   SOLE 0 80,300 0 80,295
CarMax Inc. COM 143130102 5,133 86,680 SH   SOLE 0 43,375 0 43,305
Cardinal Health Inc. COM 14149Y108 10,317 126,512 SH   SOLE 0 63,250 0 63,262
Celgene Corp. COM 151020104 10,557 84,845 SH   SOLE 0 42,450 0 42,395
CenturyLink, Inc. COM 156700106 8,817 374,096 SH   SOLE 0 187,125 0 186,971
Coca-Cola Co. COM 191216100 4,836 113,955 SH   SOLE 0 56,975 0 56,980
DAVITA HEALTHCARE PART COM COM 23918K108 312 4,588 SH   SOLE 0 4,588 0 0
Deere & Company COM 244199105 10,180 93,514 SH   SOLE 0 46,800 0 46,714
Dow Chemical Company COM 260543103 10,111 159,127 SH   SOLE 0 79,575 0 79,552
Edgewell Personal Care Co. COM 28035Q102 584 7,986 SH   SOLE 0 7,986 0 0
Electronic Arts, Inc. COM 285512109 9,894 110,525 SH   SOLE 0 55,325 0 55,200
FMC Corp. COM 302491303 414 5,950 SH   SOLE 0 5,950 0 0
Facebook, Inc. COM 30303M102 14,509 102,141 SH   SOLE 0 51,250 0 50,891
Fidelity National Info Srv COM 31620M106 9,327 117,142 SH   SOLE 0 58,700 0 58,442
FleetCor Technologies, Inc. COM 339041105 288 1,902 SH   SOLE 0 1,902 0 0
Harsco Corp COM 415864107 164 12,850 SH   SOLE 0 12,850 0 0
Hasbro Inc COM 418056107 387 3,879 SH   SOLE 0 3,879 0 0
Hilton Inc. COM 43300A203 7,611 130,193 SH   SOLE 0 65,139 0 65,054
Home Depot Inc COM 437076102 11,625 79,175 SH   SOLE 0 39,629 0 39,546
Illumina, Inc. COM 452327109 330 1,933 SH   SOLE 0 1,933 0 0
Investors Bancorp COM 46146L101 160 11,127 SH   SOLE 0 11,127 0 0
J.C. Penney Company Inc, COM 708160106 495 80,436 SH   SOLE 0 80,436 0 0
Juniper Networks Inc. COM 48203R104 9,771 351,093 SH   SOLE 0 175,650 0 175,443
Kansas City Southern COM 485170302 458 5,342 SH   SOLE 0 5,342 0 0
Kimberly-Clark Corp. COM 494368103 7,454 56,625 SH   SOLE 0 28,325 0 28,300
Kroger Co. COM 501044101 313 10,599 SH   SOLE 0 10,599 0 0
Liberty Global plc Cl. A COM G5480U104 458 12,776 SH   SOLE 0 12,776 0 0
Mallinckrodt plc COM G5785G107 215 4,819 SH   SOLE 0 4,819 0 0
Marathon Oil Corp. COM 565849106 4,874 308,483 SH   SOLE 0 154,275 0 154,208
Masco Corp. COM 574599106 9,786 287,916 SH   SOLE 0 144,025 0 143,891
Mattel Inc. COM 577081102 396 15,462 SH   SOLE 0 15,462 0 0
McDonald's Corp. COM 580135101 10,463 80,723 SH   SOLE 0 40,425 0 40,298
Microchip Technology COM 595017104 10,037 136,040 SH   SOLE 0 68,050 0 67,990
Microsoft Corp. COM 594918104 20,527 311,672 SH   SOLE 0 155,875 0 155,797
Molson Coors Brewing Co. COM 60871R209 459 4,791 SH   SOLE 0 4,791 0 0
Motorola Solutions, Inc. COM 620076307 5,420 62,868 SH   SOLE 0 31,475 0 31,393
Nike Inc. - Cl. B COM 654106103 10,032 180,002 SH   SOLE 0 90,025 0 89,977
Norwegian Cruise Line Holdings COM G66721104 275 5,428 SH   SOLE 0 5,428 0 0
PNC Financial Services COM 693475105 5,060 42,080 SH   SOLE 0 21,075 0 21,005
Parker-Hannifin Corp. COM 701094104 10,480 65,368 SH   SOLE 0 32,700 0 32,668
PayPal Holdings, Inc. COM 70450Y103 10,479 243,578 SH   SOLE 0 122,075 0 121,503
Perrigo Company COM G97822103 485 7,300 SH   SOLE 0 7,300 0 0
Proctor & Gamble Co. COM 742718109 8,572 95,399 SH   SOLE 0 47,775 0 47,624
Regeneron Pharmaceuticals COM 75886F107 472 1,217 SH   SOLE 0 1,217 0 0
Rite Aid Corp. COM 767754104 344 80,950 SH   SOLE 0 80,950 0 0
Ross Stores Inc. COM 778296103 10,223 155,197 SH   SOLE 0 77,692 0 77,505
Sealed Air COM 81211K100 276 6,339 SH   SOLE 0 6,339 0 0
Southwest Airlines COM 844741108 9,508 176,865 SH   SOLE 0 88,475 0 88,390
Southwestern Energy Co. COM 845467109 461 56,365 SH   SOLE 0 56,365 0 0
State Street Corp. COM 857477103 9,940 124,860 SH   SOLE 0 62,450 0 62,410
Tegna COM 87901J105 305 11,888 SH   SOLE 0 11,888 0 0
Tesoro Corp. COM 881609101 4,621 57,011 SH   SOLE 0 28,500 0 28,511
Texas Instruments, Inc. COM 882508104 10,815 134,246 SH   SOLE 0 67,200 0 67,046
Twenty-First Century Fox- Cl. COM 90130A101 5,280 163,000 SH   SOLE 0 81,525 0 81,475
Twitter, Inc. COM 90184L102 266 17,814 SH   SOLE 0 17,814 0 0
Tyson Foods Inc COM 902494103 4,681 75,850 SH   SOLE 0 37,925 0 37,925
Verisk Analytics, Inc COM 92345Y106 300 3,700 SH   SOLE 0 3,700 0 0
Viacom Inc Cl B COM 92553P201 10,379 222,625 SH   SOLE 0 111,325 0 111,300
W.R. Grace & Co. COM 38388F108 323 4,640 SH   SOLE 0 4,640 0 0
Walgreens Boots Alliance, Inc. COM 931427108 9,143 110,092 SH   SOLE 0 55,075 0 55,017
Yum! Brands Inc. COM 988498101 462 7,224 SH   SOLE 0 7,224 0 0
Zimmer Biomet Holdings COM 98956P102 10,565 86,521 SH   SOLE 0 44,536 0 41,985
Zoetis Inc. COM 98978V103 9,155 171,546 SH   SOLE 0 83,875 0 87,671
Extra Space Storage Inc. REIT 30225T102 321 4,310 SH   SOLE 0 4,310 0 0
Life Storage, Inc. REIT 53223X107 308 3,751 SH   SOLE 0 3,751 0 0
Simon Property Group REIT 828806109 7,325 42,577 SH   SOLE 0 21,300 0 21,277
Taubman Centers Inc. REIT 876664103 271 4,107 SH   SOLE 0 4,107 0 0
Ventas, Inc. REIT 92276F100 8,267 127,104 SH   SOLE 0 63,675 0 63,429