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
First Trust Senior Loan ETF COM 33738d309 242 5,000 SH   SOLE   5,000 0 0
IShares Core U S Aggregate Bon COM 464287226 1,783 16,281 SH   SOLE   16,281 0 0
IShares IBoxx Investment Grade COM 464287242 2,084 17,290 SH   SOLE   17,290 0 0
IShares Preferred Stock ETF COM 464288687 2,177 55,591 SH   SOLE   55,591 0 0
PowerShares Financial Preferre COM 73935x229 3,545 185,600 SH   SOLE   185,600 0 0
Powershares Preferred Portfoli COM 73936t565 2,012 133,130 SH   SOLE   133,130 0 0
American Tower Corp COM 03027X100 29,798 225,196 SH   SOLE   220,901 0 4,295
American Tower Corp COM 03027X100 6,321 47,773 SH   DFND 1 47,773 0 0
Crown Castle International Cor COM 22822V101 22,759 227,179 SH   SOLE   213,615 0 13,564
Crown Castle International Cor COM 22822V101 4,298 42,900 SH   DFND 1 42,900 0 0
Essex Property Trust Inc COM 297178105 1,104 4,291 SH   SOLE   4,291 0 0
UDR Inc COM 902653104 573 14,701 SH   SOLE   14,701 0 0
Washington Real Estate Investm COM 939653101 614 19,263 SH   SOLE   19,263 0 0
Weyerhaeuser Co COM 962166104 21,961 655,556 SH   SOLE   619,845 0 35,711
Weyerhaeuser Co COM 962166104 3,732 111,400 SH   DFND 1 111,400 0 0
BP PLC Sponsored ADR ADR 055622104 735 21,218 SH   SOLE   21,218 0 0
BP PLC Sponsored ADR ADR 055622104 520 15,000 SH   DFND 1 15,000 0 0
GlaxoSmithkline PLC ADR ADR 37733W105 13,221 306,621 SH   SOLE   303,296 0 3,325
GlaxoSmithkline PLC ADR ADR 37733W105 7,580 175,800 SH   DFND 1 175,800 0 0
HSBC Holdings PLC ADS ADR 404280406 204 4,405 SH   SOLE   4,405 0 0
National Grid PLC Sponsored AD ADR 636274409 262 4,170 SH   SOLE   4,170 0 0
Novartis AG Sponsored ADR ADR 66987V109 2,397 28,718 SH   SOLE   23,093 0 5,625
Novo Nordisk AS Sponsored ADR ADR 670100205 424 9,875 SH   SOLE   9,875 0 0
Royal Dutch Shell PLC Cl A Spo ADR 780259206 31,697 595,929 SH   SOLE   568,736 0 27,193
Royal Dutch Shell PLC Cl A Spo ADR 780259206 9,228 173,500 SH   DFND 1 173,500 0 0
SAP SE ADR ADR 803054204 23,781 227,195 SH   SOLE   226,996 0 199
SAP SE ADR ADR 803054204 4,752 45,400 SH   DFND 1 45,400 0 0
Siemens A G Sponsored ADR ADR 826197501 2,593 37,500 SH   SOLE   36,640 0 860
Teva Pharmaceutical Industries ADR 881624209 934 28,120 SH   SOLE   1,320 0 26,800
Vodafone Group Inc ADR 92857W308 9,784 340,540 SH   SOLE   295,020 0 45,520
WPP Group PLC Spon ADR ADR 92937A102 340 3,224 SH   SOLE   3,224 0 0
3M CO COM 88579Y101 49,701 238,727 SH   SOLE   238,727 0 0
3M CO COM 88579Y101 5,142 24,700 SH   DFND 1 24,700 0 0
A T & T Inc COM 00206R102 3,648 96,697 SH   SOLE   75,038 0 21,659
Abbott Laboratories COM 002824100 1,736 35,706 SH   SOLE   35,706 0 0
Abbvie Inc COM 00287Y109 1,512 20,850 SH   SOLE   20,850 0 0
Accenture Ltd Cl A COM G1151C101 410 3,314 SH   SOLE   3,314 0 0
Air Lease Corp COM 00912x302 27,814 744,499 SH   SOLE   695,507 0 48,992
Air Lease Corp COM 00912x302 6,523 174,600 SH   DFND 1 174,600 0 0
Air Products & Chemicals Inc COM 009158106 279 1,952 SH   SOLE   1,952 0 0
Alleghany Corp COM 017175100 905 1,521 SH   SOLE   1,521 0 0
Allergan PLC COM G0177J108 373 1,533 SH   SOLE   333 0 1,200
Allstate Corp COM 020002101 6,308 71,330 SH   SOLE   70,065 0 1,265
Alphabet Inc Cl A COM 02079k305 26,562 28,571 SH   SOLE   26,542 0 2,029
Alphabet Inc Cl A COM 02079k305 3,291 3,540 SH   DFND 1 3,540 0 0
Alphabet Inc Cl C COM 02079k107 27,036 29,751 SH   SOLE   27,778 0 1,973
Alphabet Inc Cl C COM 02079k107 3,220 3,543 SH   DFND 1 3,543 0 0
Altria Group Inc COM 02209S103 5,062 67,968 SH   SOLE   67,968 0 0
Amazon.Com Inc COM 023135106 24,568 25,380 SH   SOLE   22,345 0 3,035
Amazon.Com Inc COM 023135106 3,954 4,085 SH   DFND 1 4,085 0 0
American Electric Power Inc COM 025537101 275 3,965 SH   SOLE   3,965 0 0
American Express Co COM 025816109 20,319 241,203 SH   SOLE   240,928 0 275
American Express Co COM 025816109 11,153 132,400 SH   DFND 1 132,400 0 0
American International Group I COM 026874784 10,539 168,563 SH   SOLE   139,916 0 28,647
Ameriprise Financial Inc COM 03076C106 3,838 30,150 SH   SOLE   30,150 0 0
Ameriprise Financial Inc COM 03076C106 4,725 37,120 SH   DFND 1 37,120 0 0
Amgen Inc COM 031162100 464 2,692 SH   SOLE   2,692 0 0
Amphenol Corp Cl A COM 032095101 221 3,000 SH   SOLE   3,000 0 0
Anadarko Petroleum Corp COM 032511107 238 5,250 SH   SOLE   5,250 0 0
Apple Inc COM 037833100 33,663 233,741 SH   SOLE   210,617 0 23,124
Apple Inc COM 037833100 3,485 24,200 SH   DFND 1 24,200 0 0
Autoliv Inc COM 052800109 236 2,148 SH   SOLE   2,148 0 0
Automatic Data Processing Inc COM 053015103 455 4,436 SH   SOLE   4,436 0 0
Avangrid Inc COM 05351W103 221 4,999 SH   SOLE   4,999 0 0
Bank Of America Corp COM 060505104 5,308 218,777 SH   SOLE   173,286 0 45,491
Bank Of America Corp COM 060505104 2,208 91,000 SH   DFND 1 91,000 0 0
Bank Of Montreal COM 063671101 320 4,364 SH   SOLE   4,364 0 0
Bank Of New York Mellon Corp COM 064058100 7,916 155,155 SH   SOLE   154,830 0 325
Baxter International Inc COM 071813109 2,611 43,121 SH   SOLE   41,155 0 1,966
Becton Dickinson & Co COM 075887109 1,366 7,000 SH   SOLE   6,000 0 1,000
Bed Bath & Beyond Inc COM 075896100 220 7,230 SH   SOLE   7,230 0 0
Berkshire Hathaway Inc Cl A COM 084670108 2,802 11 SH   SOLE   11 0 0
Berkshire Hathaway Inc Cl A COM 084670108 509 2 SH   DFND 1 2 0 0
Berkshire Hathaway Inc Cl B COM 084670702 149,952 885,351 SH   SOLE   874,601 0 10,750
Berkshire Hathaway Inc Cl B COM 084670702 12,523 73,938 SH   DFND 1 73,938 0 0
Biogen Inc COM 09062X103 14,225 52,422 SH   SOLE   48,412 0 4,010
Biogen Inc COM 09062X103 2,313 8,525 SH   DFND 1 8,525 0 0
BlackRock Inc COM 09247x101 257 609 SH   SOLE   609 0 0
Blackstone Group LP COM 09253U108 285 8,535 SH   SOLE   2,035 0 6,500
Boeing Co COM 097023105 243 1,230 SH   SOLE   1,230 0 0
Bristol-Myers Squibb Co COM 110122108 4,330 77,716 SH   SOLE   72,981 0 4,735
Broadcom Ltd COM Y09827109 27,809 119,328 SH   SOLE   109,549 0 9,779
Broadcom Ltd COM Y09827109 5,258 22,560 SH   DFND 1 22,560 0 0
Brookfield Asset Management Cl COM 112585104 1,587 40,472 SH   SOLE   40,472 0 0
Buckeye Partners L P COM 118230101 353 5,525 SH   SOLE   5,525 0 0
Cabot Corp COM 127055101 256 4,800 SH   SOLE   4,800 0 0
Cabot Oil & Gas Corp COM 127097103 697 27,800 SH   SOLE   27,800 0 0
Carnival Corp COM 143658300 351 5,350 SH   SOLE   5,350 0 0
Caterpillar Inc COM 149123101 2,705 25,174 SH   SOLE   25,174 0 0
Celgene Corp COM 151020104 20,872 160,713 SH   SOLE   146,041 0 14,672
Celgene Corp COM 151020104 2,591 19,950 SH   DFND 1 19,950 0 0
Cenovus Energy Inc COM 15135U109 124 16,792 SH   SOLE   16,792 0 0
Cerner Corp COM 156782104 429 6,460 SH   SOLE   6,460 0 0
Chevron Corp COM 166764100 9,966 95,528 SH   SOLE   86,898 0 8,630
Chubb Ltd COM H1467J104 9,638 66,295 SH   SOLE   56,284 0 10,011
Cisco Systems Inc COM 17275R102 1,737 55,485 SH   SOLE   14,385 0 41,100
Citigroup Inc COM 172967424 1,268 18,965 SH   SOLE   1,965 0 17,000
Coca Cola Co COM 191216100 3,011 67,133 SH   SOLE   67,133 0 0
Coca Cola Co COM 191216100 22 500 SH   DFND 1 500 0 0
Colgate Palmolive Co COM 194162103 25,233 340,393 SH   SOLE   339,293 0 1,100
Colgate Palmolive Co COM 194162103 11,824 159,500 SH   DFND 1 159,500 0 0
Comcast Corp Cl A COM 20030N101 39,847 1,023,826 SH   SOLE   1,023,726 0 100
Comcast Corp Cl A COM 20030N101 19,379 497,924 SH   DFND 1 497,924 0 0
ConocoPhillips COM 20825C104 12,556 285,612 SH   SOLE   255,347 0 30,265
ConocoPhillips COM 20825C104 1,974 44,900 SH   DFND 1 44,900 0 0
Consolidated Edison Inc COM 209115104 317 3,920 SH   SOLE   3,920 0 0
Contrafect Corp COM 212326102 22 15,000 SH   SOLE   15,000 0 0
Corning Inc COM 219350105 496 16,506 SH   SOLE   16,506 0 0
Costco Wholesale Corp COM 22160K105 3,132 19,586 SH   SOLE   19,586 0 0
CVS Health Corp COM 126650100 17,520 217,743 SH   SOLE   200,153 0 17,590
CVS Health Corp COM 126650100 2,760 34,300 SH   DFND 1 34,300 0 0
Danaher Corp COM 235851102 283 3,355 SH   SOLE   3,355 0 0
Democrasoft Holdings Inc COM 24811V100 0 82,000 SH   SOLE   82,000 0 0
Dick's Sporting Goods Inc COM 253393102 2,382 59,810 SH   SOLE   59,510 0 300
Disney Walt Co COM 254687106 156,314 1,471,186 SH   SOLE   1,456,267 0 14,919
Disney Walt Co COM 254687106 59,184 557,025 SH   DFND 1 557,025 0 0
Dominion Energy Inc COM 25746U109 1,009 13,166 SH   SOLE   13,166 0 0
Dow Chemical Co COM 260543103 4,301 68,201 SH   SOLE   57,131 0 11,070
DTE Energy Company COM 233331107 217 2,050 SH   SOLE   2,050 0 0
Duke Energy Corp COM 26441C204 321 3,846 SH   SOLE   3,846 0 0
E I Du Pont De Nemours & Co COM 263534109 3,828 47,428 SH   SOLE   46,328 0 1,100
Eli Lilly & Co COM 532457108 17,871 217,141 SH   SOLE   217,141 0 0
Eli Lilly & Co COM 532457108 8,345 101,400 SH   DFND 1 101,400 0 0
Emerson Electric Co COM 291011104 1,091 18,297 SH   SOLE   11,257 0 7,040
Enterprise Products Partners L COM 293792107 467 17,238 SH   SOLE   17,238 0 0
Everest Re Group Ltd COM G3223R108 293 1,150 SH   SOLE   1,150 0 0
Exelixis Inc COM 30161Q104 222 9,000 SH   SOLE   9,000 0 0
Exelon Corp COM 30161N101 298 8,275 SH   SOLE   8,275 0 0
Express Scripts Holding Co COM 30219G108 1,937 30,342 SH   SOLE   18,547 0 11,795
Exxon Mobil Corp COM 30231G102 11,852 146,807 SH   SOLE   134,758 0 12,049
Exxon Mobil Corp COM 30231G102 81 1,000 SH   DFND 1 1,000 0 0
Facebook Inc Cl A COM 30303M102 24,847 164,574 SH   SOLE   153,227 0 11,347
Facebook Inc Cl A COM 30303M102 5,828 38,600 SH   DFND 1 38,600 0 0
Fedex Corp COM 31428X106 38,725 178,184 SH   SOLE   170,256 0 7,928
Fedex Corp COM 31428X106 6,133 28,220 SH   DFND 1 28,220 0 0
Fidelity National Financial Cl COM 31620R303 1,075 23,981 SH   SOLE   23,981 0 0
Fidelity National Information COM 31620M106 1,562 18,294 SH   SOLE   18,294 0 0
General Dynamics Corp COM 369550108 947 4,780 SH   SOLE   3,630 0 1,150
General Electric Co COM 369604103 33,159 1,227,674 SH   SOLE   1,224,887 0 2,787
General Electric Co COM 369604103 7,768 287,606 SH   DFND 1 287,606 0 0
Gilead Sciences Inc COM 375558103 8,187 115,663 SH   SOLE   114,753 0 910
Gilead Sciences Inc COM 375558103 2,060 29,100 SH   DFND 1 29,100 0 0
Goldman Sachs Group Inc COM 38141G104 830 3,742 SH   SOLE   274 0 3,468
Halliburton Co COM 406216101 851 19,925 SH   SOLE   19,925 0 0
Hartford Financial Services Gr COM 416515104 23,201 441,333 SH   SOLE   441,283 0 50
Hartford Financial Services Gr COM 416515104 5,760 109,570 SH   DFND 1 109,570 0 0
Hershey Foods Corp COM 427866108 291 2,706 SH   SOLE   2,706 0 0
Hess Corp COM 42809H107 20,669 471,136 SH   SOLE   441,211 0 29,925
Hess Corp COM 42809H107 6,013 137,058 SH   DFND 1 137,058 0 0
Home Depot Inc COM 437076102 3,722 24,261 SH   SOLE   17,861 0 6,400
Honeywell International Inc COM 438516106 44,717 335,489 SH   SOLE   321,335 0 14,154
Honeywell International Inc COM 438516106 4,412 33,100 SH   DFND 1 33,100 0 0
Illinois Tool Works COM 452308109 24,189 168,860 SH   SOLE   168,835 0 25
Illinois Tool Works COM 452308109 5,730 40,000 SH   DFND 1 40,000 0 0
Intel Corp COM 458140100 729 21,621 SH   SOLE   21,621 0 0
Intercontinental Exchange Inc COM 45866F104 1,297 19,675 SH   SOLE   3,400 0 16,275
International Business Machine COM 459200101 5,955 38,711 SH   SOLE   36,611 0 2,100
International Paper Co COM 460146103 1,981 35,000 SH   SOLE   35,000 0 0
International Paper Co COM 460146103 512 9,040 SH   DFND 1 9,040 0 0
InterXion Holding NV COM N47279109 1,328 29,000 SH   SOLE   0 0 29,000
J P Morgan Chase & Co COM 46625H100 15,912 174,097 SH   SOLE   155,745 0 18,352
Janus Henderson Group PLC COM G4474Y214 530 16,000 SH   SOLE   16,000 0 0
John Wiley & Sons Inc Cl A COM 968223206 1,469 27,839 SH   SOLE   27,839 0 0
Johnson & Johnson Co COM 478160104 110,157 832,696 SH   SOLE   821,294 0 11,402
Johnson & Johnson Co COM 478160104 13,275 100,350 SH   DFND 1 100,350 0 0
Kansas City Southern Industrie COM 485170302 23,645 225,948 SH   SOLE   225,883 0 65
Kansas City Southern Industrie COM 485170302 6,153 58,800 SH   DFND 1 58,800 0 0
Kimberly Clark Corp COM 494368103 348 2,694 SH   SOLE   2,694 0 0
Kraft Heinz Co COM 500754106 1,402 16,374 SH   SOLE   12,539 0 3,835
Laboratory Corp America Holdin COM 50540R409 28,146 182,599 SH   SOLE   173,543 0 9,056
Laboratory Corp America Holdin COM 50540R409 5,746 37,280 SH   DFND 1 37,280 0 0
Lexicon Genetics Inc COM 528872302 224 13,618 SH   SOLE   13,618 0 0
Lockheed Martin Corp COM 539830109 4,790 17,255 SH   SOLE   17,255 0 0
Loews Corp COM 540424108 976 20,850 SH   SOLE   20,850 0 0
Lowes Cos Inc COM 548661107 1,393 17,970 SH   SOLE   2,970 0 15,000
Maiden Holdings Ltd COM G5753U112 119 10,700 SH   SOLE   10,700 0 0
Marathon Petroleum Corp COM 56585A102 265 5,058 SH   SOLE   5,058 0 0
Mastercard Inc Class A COM 57636q104 2,512 20,680 SH   SOLE   5,470 0 15,210
McDermott International Inc COM 580037109 85 11,900 SH   SOLE   11,900 0 0
McDonalds Corp COM 580135101 1,958 12,787 SH   SOLE   12,707 0 80
Medtronic PLC COM G5960L103 27,550 310,419 SH   SOLE   293,595 0 16,824
Medtronic PLC COM G5960L103 5,432 61,200 SH   DFND 1 61,200 0 0
Merck & Co Inc COM 58933Y105 24,263 378,580 SH   SOLE   359,705 0 18,875
Merck & Co Inc COM 58933Y105 4,486 70,000 SH   DFND 1 70,000 0 0
Metlife Inc COM 59156R108 19,867 361,607 SH   SOLE   331,227 0 30,380
Metlife Inc COM 59156R108 2,000 36,400 SH   DFND 1 36,400 0 0
Microsoft Corp COM 594918104 6,643 96,370 SH   SOLE   85,550 0 10,820
Mobileye NV COM N51488117 357 5,685 SH   SOLE   5,685 0 0
Mondelez International Inc COM 609207105 3,792 87,802 SH   SOLE   79,302 0 8,500
Monsanto Co COM 61166W101 847 7,156 SH   SOLE   56 0 7,100
Morgan Stanley COM 617446448 1,172 26,300 SH   SOLE   6,300 0 20,000
Newell Brands Inc COM 651229106 26,119 487,108 SH   SOLE   449,610 0 37,498
Newell Brands Inc COM 651229106 3,936 73,400 SH   DFND 1 73,400 0 0
Newmont Mining Corp COM 651639106 16,964 523,740 SH   SOLE   512,976 0 10,764
Newmont Mining Corp COM 651639106 3,320 102,500 SH   DFND 1 102,500 0 0
News Corp New Cl A COM 65249B109 93 6,820 SH   SOLE   6,820 0 0
News Corp New Cl A COM 65249B109 93 6,820 SH   DFND 1 6,820 0 0
NextEra Energy Inc COM 65339F101 819 5,843 SH   SOLE   5,843 0 0
Nike Inc Cl B COM 654106103 5,639 95,583 SH   SOLE   70,903 0 24,680
Norfolk Southern Corp COM 655844108 6,830 56,121 SH   SOLE   49,721 0 6,400
Norfolk Southern Corp COM 655844108 4,162 34,200 SH   DFND 1 34,200 0 0
Northern Trust Corp COM 665859104 583 6,000 SH   SOLE   6,000 0 0
Occidental Petroleum Corp COM 674599105 357 5,970 SH   SOLE   5,970 0 0
Oracle Corp COM 68389X105 335 6,679 SH   SOLE   6,679 0 0
Palo Alto Networks Inc COM 697435105 14,018 104,760 SH   SOLE   95,112 0 9,648
Palo Alto Networks Inc COM 697435105 2,181 16,300 SH   DFND 1 16,300 0 0
PayPal Holdings Inc COM 70450Y103 28,385 528,881 SH   SOLE   499,801 0 29,080
PayPal Holdings Inc COM 70450Y103 4,814 89,700 SH   DFND 1 89,700 0 0
Pepsico Inc COM 713448108 113,809 985,441 SH   SOLE   970,120 0 15,321
Pepsico Inc COM 713448108 39,913 345,600 SH   DFND 1 345,600 0 0
Pfizer Inc COM 717081103 10,575 314,822 SH   SOLE   280,730 0 34,092
Philip Morris International In COM 718172109 5,829 49,626 SH   SOLE   49,626 0 0
Phillips 66 COM 718546104 236 2,858 SH   SOLE   2,858 0 0
PPL Corp COM 69351T106 487 12,600 SH   SOLE   12,600 0 0
Praxair Inc COM 74005P104 231 1,746 SH   SOLE   1,746 0 0
Procter & Gamble Co COM 742718109 35,172 403,579 SH   SOLE   389,240 0 14,339
Procter & Gamble Co COM 742718109 20,367 233,700 SH   DFND 1 233,700 0 0
QEP Resources Inc COM 74733V100 218 21,600 SH   SOLE   21,600 0 0
Qualcomm Inc COM 747525103 659 11,937 SH   SOLE   10,237 0 1,700
Quest Diagnostics Inc COM 74834L100 445 4,000 SH   SOLE   4,000 0 0
Raytheon Co COM 755111507 34,073 211,002 SH   SOLE   208,600 0 2,402
Raytheon Co COM 755111507 5,749 35,600 SH   DFND 1 35,600 0 0
Reynolds American Inc COM 761713106 338 5,200 SH   SOLE   5,200 0 0
Robert Half International Inc COM 770323103 474 9,885 SH   SOLE   8,010 0 1,875
Rockwell Collins Inc COM 774341101 22,588 214,963 SH   SOLE   208,283 0 6,680
Rockwell Collins Inc COM 774341101 5,485 52,200 SH   DFND 1 52,200 0 0
Royal Bank Of Canada COM 780087102 508 7,010 SH   SOLE   7,010 0 0
Schlumberger Ltd COM 806857108 23,276 353,526 SH   SOLE   337,116 0 16,410
Schlumberger Ltd COM 806857108 2,693 40,900 SH   DFND 1 40,900 0 0
Signature Bank COM 82669g104 276 1,925 SH   SOLE   1,925 0 0
Southern Co COM 842587107 444 9,278 SH   SOLE   9,278 0 0
Stanley Black & Decker Inc COM 854502101 231 1,643 SH   SOLE   143 0 1,500
Starbucks Corp COM 855244109 2,112 36,225 SH   SOLE   16,225 0 20,000
State Street Corp COM 857477103 241 2,687 SH   SOLE   2,687 0 0
SVB Financial Group COM 78486Q101 369 2,100 SH   SOLE   2,100 0 0
Synchrony Financial COM 87165b103 18,779 629,738 SH   SOLE   588,860 0 40,878
Synchrony Financial COM 87165b103 3,408 114,287 SH   DFND 1 114,287 0 0
Target Corp COM 87612E106 305 5,826 SH   SOLE   5,826 0 0
Thermo Fisher Scientific Inc COM 883556102 24,931 142,893 SH   SOLE   129,607 0 13,286
Thermo Fisher Scientific Inc COM 883556102 3,899 22,350 SH   DFND 1 22,350 0 0
Time Warner Inc COM 887317303 31,322 311,945 SH   SOLE   299,907 0 12,038
Time Warner Inc COM 887317303 5,593 55,700 SH   DFND 1 55,700 0 0
TJX Cos Inc COM 872540109 3,965 54,937 SH   SOLE   40,777 0 14,160
Torchmark Corp COM 891027104 5,509 72,009 SH   SOLE   72,009 0 0
Torchmark Corp COM 891027104 5,508 72,004 SH   DFND 1 72,004 0 0
Twenty-First Century Fox Inc C COM 90130A101 1,553 54,815 SH   SOLE   54,815 0 0
Twenty-First Century Fox Inc C COM 90130A101 773 27,280 SH   DFND 1 27,280 0 0
Union Pacific Corp COM 907818108 53,564 491,820 SH   SOLE   479,261 0 12,559
Union Pacific Corp COM 907818108 16,010 147,000 SH   DFND 1 147,000 0 0
United Parcel Service Inc Cl B COM 911312106 12,959 117,178 SH   SOLE   104,078 0 13,100
United Parcel Service Inc Cl B COM 911312106 1,095 9,900 SH   DFND 1 9,900 0 0
United Technologies Corp COM 913017109 33,105 271,112 SH   SOLE   261,992 0 9,120
United Technologies Corp COM 913017109 5,471 44,800 SH   DFND 1 44,800 0 0
US Bancorp COM 902973304 223 4,291 SH   SOLE   4,291 0 0
Varian Medical Systems Inc COM 92220P105 1,061 10,285 SH   SOLE   10,285 0 0
Verizon Communications COM 92343V104 1,270 28,448 SH   SOLE   28,448 0 0
Visa Inc Cl A COM 92826C839 2,171 23,145 SH   SOLE   1,225 0 21,920
Wal Mart Stores Inc COM 931142103 2,799 36,984 SH   SOLE   31,159 0 5,825
Walgreen Boots Alliance Inc COM 931427108 2,013 25,710 SH   SOLE   23,105 0 2,605
Wells Fargo & Co COM 949746101 3,333 60,144 SH   SOLE   60,144 0 0
White Mountains Insurance Grou COM G9618E107 689 793 SH   SOLE   793 0 0
Whole Foods Market Inc COM 966837106 242 5,750 SH   SOLE   5,750 0 0
Xilinx Inc COM 983919101 3,282 51,019 SH   SOLE   26,050 0 24,969
Yum Brands Inc COM 988498101 10,463 141,857 SH   SOLE   140,057 0 1,800
Yum Brands Inc COM 988498101 10,400 141,000 SH   DFND 1 141,000 0 0
Yum China Holdings Inc COM 98850P109 5,548 140,702 SH   SOLE   140,702 0 0
Yum China Holdings Inc COM 98850P109 5,560 141,000 SH   DFND 1 141,000 0 0
Financial Sector SPDR COM 81369Y605 442 17,922 SH   SOLE   17,902 0 20
IQ 50 Percent Hedged FTSE Euro COM 45409B552 307 16,000 SH   SOLE   16,000 0 0
IShares Dow Jones Select Divid COM 464287168 203 2,200 SH   SOLE   2,200 0 0
IShares Russell 1000 Growth ET COM 464287614 262 2,202 SH   SOLE   2,202 0 0
IShares Russell 2000 Growth ET COM 464287648 252 1,491 SH   SOLE   1,491 0 0
IShares S&P MidCap 400 Index F COM 464287507 211 1,211 SH   SOLE   1,211 0 0
IShares Trust MSCI EAFE ETF COM 464287465 735 11,280 SH   SOLE   11,280 0 0
IShares Trust Nasdaq Biotechno COM 464287556 264 850 SH   SOLE   850 0 0
Powershares QQQ Trust COM 73935A104 3,231 23,476 SH   SOLE   23,476 0 0
Schwab Emerging Markets Equity COM 808524706 345 13,901 SH   SOLE   13,901 0 0
Schwab International Equity ET COM 808524805 1,278 40,204 SH   SOLE   40,204 0 0
Schwab US Large Cap ETF COM 808524201 1,611 27,882 SH   SOLE   27,882 0 0
Schwab US Small Cap ETF COM 808524607 674 10,551 SH   SOLE   10,551 0 0
SPDR MSCI All Country World Ex COM 78463X848 1,505 42,211 SH   SOLE   42,211 0 0
SPDR S&P 500 ETF Trust COM 78462F103 15,668 64,797 SH   SOLE   64,780 0 17
Technology Sector SPDR COM 81369Y803 890 16,270 SH   SOLE   16,270 0 0
Van Eck Vectors Pharmaceutical COM 92189F692 224 3,800 SH   SOLE   3,800 0 0
Van Eck Vectors Semiconductor COM 92189F676 733 8,950 SH   SOLE   8,950 0 0
Vanguard Emerging Market Viper COM 922042858 483 11,832 SH   SOLE   11,832 0 0
Vanguard REIT ETF COM 922908553 280 3,367 SH   SOLE   3,367 0 0