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 2,121 11,086 SH   SOLE 11,086 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 241 2,016 SH   SOLE 2,016 0 0
ALPHABET INC CAP STK CL C 02079K107 2,236 2,696 SH   SOLE 2,696 0 0
ALPHABET INC CAP STK CL A 02079K305 228 270 SH   SOLE 270 0 0
AMERISOURCEBERGEN CORP COM 03073E105 527 5,960 SH   SOLE 5,960 0 0
AMGEN INC COM 031162100 226 1,378 SH   SOLE 1,378 0 0
APACHE CORP COM 037411105 1,092 21,265 SH   SOLE 21,265 0 0
APPLE INC COM 037833100 3,545 24,683 SH   SOLE 24,683 0 0
APPLIED MATLS INC COM 038222105 936 24,070 SH   SOLE 24,070 0 0
AUTOLIV INC COM 052800109 1,975 19,315 SH   SOLE 19,315 0 0
BANK AMER CORP COM 060505104 1,350 57,269 SH   SOLE 57,269 0 0
BANK NEW YORK MELLON CORP COM 064058100 4,921 104,206 SH   SOLE 104,206 0 0
BAXTER INTL INC COM 071813109 3,075 59,297 SH   SOLE 59,297 0 0
BEMIS INC COM 081437105 1,118 22,889 SH   SOLE 22,889 0 0
BERKLEY W R CORP COM 084423102 271 3,850 SH   SOLE 3,850 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 749 3 SH   SOLE 3 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4,610 27,663 SH   SOLE 27,663 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 994 18,288 SH   SOLE 18,288 0 0
CHESAPEAKE ENERGY CORP COM 165167107 590 99,382 SH   SOLE 99,382 0 0
CHEVRON CORP NEW COM 166764100 751 7,000 SH   SOLE 7,000 0 0
CISCO SYS INC COM 17275R102 769 22,753 SH   SOLE 22,753 0 0
CITIGROUP INC COM NEW 172967424 2,990 49,995 SH   SOLE 49,995 0 0
COCA COLA CO COM 191216100 1,196 28,199 SH   SOLE 28,199 0 0
COLGATE PALMOLIVE CO COM 194162103 2,126 29,055 SH   SOLE 29,055 0 0
CONSOL ENERGY INC COM 20854P109 590 35,200 SH   SOLE 35,200 0 0
COSTCO WHSL CORP NEW COM 22160K105 323 1,930 SH   SOLE 1,930 0 0
CUMMINS INC COM 231021106 1,856 12,280 SH   SOLE 12,280 0 0
DEVON ENERGY CORP NEW COM 25179M103 348 8,350 SH   SOLE 8,350 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 601 5,204 SH   SOLE 5,204 0 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 483 16,611 SH   SOLE 16,611 0 0
DISNEY WALT CO COM DISNEY 254687106 1,770 15,610 SH   SOLE 15,610 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 206 2,575 SH   SOLE 2,575 0 0
EMERSON ELEC CO COM 291011104 1,444 24,135 SH   SOLE 24,135 0 0
ENBRIDGE INC COM 29250N105 577 13,793 SH   SOLE 13,793 0 0
ENCANA CORP COM 292505104 117 10,070 SH   SOLE 10,070 0 0
EXXON MOBIL CORP COM 30231G102 2,280 27,803 SH   SOLE 27,803 0 0
FEDERATED INVS INC PA CL B 314211103 3,388 128,660 SH   SOLE 128,660 0 0
FLOWSERVE CORP COM 34354P105 2,266 46,805 SH   SOLE 46,805 0 0
GENERAL DYNAMICS CORP COM 369550108 423 2,264 SH   SOLE 2,264 0 0
GENERAL ELECTRIC CO COM 369604103 3,364 112,907 SH   SOLE 112,907 0 0
GENERAL MLS INC COM 370334104 1,390 23,568 SH   SOLE 23,568 0 0
HOME DEPOT INC COM 437076102 848 5,778 SH   SOLE 5,778 0 0
ILLINOIS TOOL WKS INC COM 452308109 229 1,735 SH   SOLE 1,735 0 0
INGERSOLL-RAND PLC SHS G47791101 268 3,300 SH   SOLE 3,300 0 0
INTEL CORP COM 458140100 3,771 104,549 SH   SOLE 104,549 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,621 9,312 SH   SOLE 9,312 0 0
JOHNSON & JOHNSON COM 478160104 2,951 23,700 SH   SOLE 23,700 0 0
KIMBERLY CLARK CORP COM 494368103 1,416 10,760 SH   SOLE 10,760 0 0
LAZARD LTD SHS A G54050102 3,237 70,395 SH   SOLE 70,395 0 0
LEGG MASON INC COM 524901105 249 6,900 SH   SOLE 6,900 0 0
LOWES COS INC COM 548661107 1,939 23,596 SH   SOLE 23,596 0 0
MARSH & MCLENNAN COS INC COM 571748102 522 7,065 SH   SOLE 7,065 0 0
MEDTRONIC PLC SHS G5960L103 4,479 55,602 SH   SOLE 55,602 0 0
MERCK & CO INC COM 58933Y105 701 11,033 SH   SOLE 11,033 0 0
MICROSOFT CORP COM 594918104 5,465 82,993 SH   SOLE 82,993 0 0
MONDELEZ INTL INC CL A 609207105 1,262 29,310 SH   SOLE 29,310 0 0
NATIONAL OILWELL VARCO INC COM 637071101 203 5,088 SH   SOLE 5,088 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,719 15,360 SH   SOLE 15,360 0 0
NORTHERN TR CORP COM 665859104 220 2,551 SH   SOLE 2,551 0 0
PEPSICO INC COM 713448108 1,891 16,913 SH   SOLE 16,913 0 0
PFIZER INC COM 717081103 2,556 74,742 SH   SOLE 74,742 0 0
PHILLIPS 66 COM 718546104 3,234 40,834 SH   SOLE 40,834 0 0
PROCTER AND GAMBLE CO COM 742718109 3,617 40,258 SH   SOLE 40,258 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 556 9,959 SH   SOLE 9,959 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 402 7,624 SH   SOLE 7,624 0 0
SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 2,881 36,765 SH   SOLE 36,765 0 0
SURMODICS INC COM 868873100 1,542 64,150 SH   SOLE 64,150 0 0
TACTILE SYS TECHNOLOGY INC COM 87357P100 340 17,972 SH   SOLE 17,972 0 0
TARGET CORP COM 87612E106 2,091 37,888 SH   SOLE 37,888 0 0
TIME WARNER INC COM NEW 887317303 2,021 20,690 SH   SOLE 20,690 0 0
TJX COS INC NEW COM 872540109 363 4,600 SH   SOLE 4,600 0 0
TORO CO COM 891092108 1,500 24,022 SH   SOLE 24,022 0 0
TRAVELERS COMPANIES INC COM 89417E109 1,641 13,620 SH   SOLE 13,620 0 0
TRIBUNE MEDIA CO CL A 896047503 2,489 66,790 SH   SOLE 66,790 0 0
UNILEVER PLC SPON ADR NEW 904767704 428 8,680 SH   SOLE 8,680 0 0
UNION PAC CORP COM 907818108 2,432 22,970 SH   SOLE 22,970 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,998 18,625 SH   SOLE 18,625 0 0
UNITEDHEALTH GROUP INC COM 91324P102 1,683 10,262 SH   SOLE 10,262 0 0
US BANCORP DEL COM NEW 902973304 378 7,352 SH   SOLE 7,352 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 3,790 77,747 SH   SOLE 77,747 0 0
WAL-MART STORES INC COM 931142103 526 7,300 SH   SOLE 7,300 0 0
WELLS FARGO & CO NEW COM 949746101 1,887 33,916 SH   SOLE 33,916 0 0
WEYERHAEUSER CO COM 962166104 3,497 102,920 SH   SOLE 102,920 0 0
WINMARK CORP COM 974250102 482 4,270 SH   SOLE 4,270 0 0