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 2,229 10,711 SH   SOLE 10,711 0 0
ALPHABET INC CAP STK CL C 02079K107 2,449 2,696 SH   SOLE 2,696 0 0
ALPHABET INC CAP STK CL A 02079K305 251 270 SH   SOLE 270 0 0
AMERISOURCEBERGEN CORP COM 03073E105 563 5,960 SH   SOLE 5,960 0 0
AMGEN INC COM 031162100 237 1,378 SH   SOLE 1,378 0 0
APACHE CORP COM 037411105 1,551 32,365 SH   SOLE 32,365 0 0
APPLE INC COM 037833100 3,526 24,483 SH   SOLE 24,483 0 0
APPLIED MATLS INC COM 038222105 868 21,020 SH   SOLE 21,020 0 0
AUTOLIV INC COM 052800109 2,021 18,415 SH   SOLE 18,415 0 0
BANK AMER CORP COM 060505104 1,650 68,044 SH   SOLE 68,044 0 0
BANK NEW YORK MELLON CORP COM 064058100 5,351 104,896 SH   SOLE 104,896 0 0
BAXTER INTL INC COM 071813109 3,171 52,381 SH   SOLE 52,381 0 0
BEMIS INC COM 081437105 1,058 22,889 SH   SOLE 22,889 0 0
BERKLEY W R CORP COM 084423102 266 3,850 SH   SOLE 3,850 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 764 3 SH   SOLE 3 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4,685 27,663 SH   SOLE 27,663 0 0
BIOVERATIV INC COM 09075E100 497 8,270 SH   SOLE 8,270 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 903 16,223 SH   SOLE 16,223 0 0
CHESAPEAKE ENERGY CORP COM 165167107 533 107,382 SH   SOLE 107,382 0 0
CHEVRON CORP NEW COM 166764100 730 7,000 SH   SOLE 7,000 0 0
CISCO SYS INC COM 17275R102 635 20,288 SH   SOLE 20,288 0 0
CITIGROUP INC COM NEW 172967424 3,372 50,430 SH   SOLE 50,430 0 0
COCA COLA CO COM 191216100 1,264 28,199 SH   SOLE 28,199 0 0
COLGATE PALMOLIVE CO COM 194162103 2,153 29,055 SH   SOLE 29,055 0 0
CONSOL ENERGY INC COM 20854P109 548 36,700 SH   SOLE 36,700 0 0
COSTCO WHSL CORP NEW COM 22160K105 308 1,930 SH   SOLE 1,930 0 0
CUMMINS INC COM 231021106 1,992 12,280 SH   SOLE 12,280 0 0
DEVON ENERGY CORP NEW COM 25179M103 305 9,550 SH   SOLE 9,550 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 621 5,184 SH   SOLE 5,184 0 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 429 16,611 SH   SOLE 16,611 0 0
DISNEY WALT CO COM DISNEY 254687106 1,673 15,755 SH   SOLE 15,755 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 207 2,575 SH   SOLE 2,575 0 0
EMERSON ELEC CO COM 291011104 1,447 24,275 SH   SOLE 24,275 0 0
ENBRIDGE INC COM 29250N105 549 13,793 SH   SOLE 13,793 0 0
ENCANA CORP COM 292505104 88 10,070 SH   SOLE 10,070 0 0
EXXON MOBIL CORP COM 30231G102 2,257 27,958 SH   SOLE 27,958 0 0
FEDERATED INVS INC PA CL B 314211103 3,916 138,640 SH   SOLE 138,640 0 0
FLOWSERVE CORP COM 34354P105 2,173 46,805 SH   SOLE 46,805 0 0
GENERAL DYNAMICS CORP COM 369550108 417 2,109 SH   SOLE 2,109 0 0
GENERAL ELECTRIC CO COM 369604103 3,677 136,142 SH   SOLE 136,142 0 0
GENERAL MLS INC COM 370334104 1,895 34,222 SH   SOLE 34,222 0 0
HOME DEPOT INC COM 437076102 886 5,778 SH   SOLE 5,778 0 0
ILLINOIS TOOL WKS INC COM 452308109 248 1,735 SH   SOLE 1,735 0 0
INGERSOLL-RAND PLC SHS G47791101 301 3,300 SH   SOLE 3,300 0 0
INTEL CORP COM 458140100 4,078 120,889 SH   SOLE 120,889 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 918 5,972 SH   SOLE 5,972 0 0
JOHNSON & JOHNSON COM 478160104 2,781 21,025 SH   SOLE 21,025 0 0
KIMBERLY CLARK CORP COM 494368103 1,389 10,760 SH   SOLE 10,760 0 0
LAZARD LTD SHS A G54050102 3,261 70,395 SH   SOLE 70,395 0 0
LOWES COS INC COM 548661107 1,831 23,621 SH   SOLE 23,621 0 0
MARSH & MCLENNAN COS INC COM 571748102 550 7,065 SH   SOLE 7,065 0 0
MEDTRONIC PLC SHS G5960L103 5,016 56,522 SH   SOLE 56,522 0 0
MERCK & CO INC COM 58933Y105 707 11,033 SH   SOLE 11,033 0 0
MICROSOFT CORP COM 594918104 5,679 82,393 SH   SOLE 82,393 0 0
MONDELEZ INTL INC CL A 609207105 1,285 29,760 SH   SOLE 29,760 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,869 15,360 SH   SOLE 15,360 0 0
NORTHERN TR CORP COM 665859104 247 2,551 SH   SOLE 2,551 0 0
NORTHROP GRUMMAN CORP COM 666807102 207 810 SH   SOLE 810 0 0
PEPSICO INC COM 713448108 1,953 16,913 SH   SOLE 16,913 0 0
PFIZER INC COM 717081103 2,336 69,553 SH   SOLE 69,553 0 0
PHILLIPS 66 COM 718546104 3,587 43,379 SH   SOLE 43,379 0 0
PROCTER AND GAMBLE CO COM 742718109 3,508 40,258 SH   SOLE 40,258 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 705 12,969 SH   SOLE 12,969 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 434 8,174 SH   SOLE 8,174 0 0
SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 2,974 43,545 SH   SOLE 43,545 0 0
SURMODICS INC COM 868873100 1,815 64,500 SH   SOLE 64,500 0 0
TACTILE SYS TECHNOLOGY INC COM 87357P100 327 11,452 SH   SOLE 11,452 0 0
TARGET CORP COM 87612E106 1,611 30,828 SH   SOLE 30,828 0 0
TIME WARNER INC COM NEW 887317303 210 2,100 SH   SOLE 2,100 0 0
TJX COS INC NEW COM 872540109 331 4,600 SH   SOLE 4,600 0 0
TORO CO COM 891092108 932 13,463 SH   SOLE 13,463 0 0
TRAVELERS COMPANIES INC COM 89417E109 1,679 13,270 SH   SOLE 13,270 0 0
TRIBUNE MEDIA CO CL A 896047503 1,908 46,810 SH   SOLE 46,810 0 0
UNILEVER PLC SPON ADR NEW 904767704 324 5,995 SH   SOLE 5,995 0 0
UNION PAC CORP COM 907818108 2,506 23,010 SH   SOLE 23,010 0 0
UNITED PARCEL SERVICE INC CL B 911312106 2,109 19,075 SH   SOLE 19,075 0 0
UNITEDHEALTH GROUP INC COM 91324P102 1,831 9,877 SH   SOLE 9,877 0 0
US BANCORP DEL COM NEW 902973304 375 7,227 SH   SOLE 7,227 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 3,462 77,527 SH   SOLE 77,527 0 0
WAL-MART STORES INC COM 931142103 552 7,300 SH   SOLE 7,300 0 0
WELLS FARGO CO NEW COM 949746101 1,990 35,921 SH   SOLE 35,921 0 0
WEYERHAEUSER CO COM 962166104 3,447 102,920 SH   SOLE 102,920 0 0
WINMARK CORP COM 974250102 215 1,670 SH   SOLE 1,670 0 0