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
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 9,468 77,500 SH   SOLE   77,500 0 0
COCA COLA EUROPEAN PARTNERS SHS G25839104 678 17,000 SH   SOLE   17,000 0 0
EATON CORP PLC SHS G29183103 5,533 84,200 SH   SOLE   84,200 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 661 20,000 SH   SOLE   20,000 0 0
MEDTRONIC INC COM G5960L103 40,686 470,907 SH   SOLE   470,907 0 0
CHUBB CORP COM H1467J104 24,514 195,100 SH   SOLE   195,100 0 0
GARMIN LTD SHS H2906T109 3,223 67,000 SH   SOLE   67,000 0 0
TE CONNECTIVITY LTD REG SHS H84989104 1,751 27,200 SH   SOLE   27,200 0 0
INTERXION HOLDING N.V. SHS N47279109 6,157 170,000 SH   SOLE   170,000 0 0
ALLEGHANY CORP DEL COM 017175100 5,715 10,886 SH   SOLE   10,886 0 0
AMETEK INC NEW COM 031100100 17,564 367,600 SH   SOLE   367,600 0 0
AMGEN INC COM 031162100 36,740 220,250 SH   SOLE   220,250 0 0
ANADARKO PETE CORP COM 032511107 238 3,750 SH   SOLE   3,750 0 0
ANSYS INC COM 03662Q105 11,845 127,900 SH   SOLE   127,900 0 0
APACHE CORP COM 037411105 409 6,400 SH   SOLE   6,400 0 0
APPLE INC COM 037833100 399 3,530 SH   SOLE   3,530 0 0
ARRIS GROUP INC NEW COM 04270V106 8,782 310,000 SH   SOLE   310,000 0 0
ARROW ELECTRS INC COM 042735100 5,246 82,000 SH   SOLE   82,000 0 0
AVNET INC COM 053807103 3,285 80,000 SH   SOLE   80,000 0 0
BB&T CORP COM 054937107 16,088 426,500 SH   SOLE   426,500 0 0
BAKER HUGHES INC COM 057224107 4,769 94,500 SH   SOLE   94,500 0 0
BANK NEW YORK MELLON CORP COM 064058100 20,135 504,900 SH   SOLE   504,900 0 0
BARRICK GOLD CORP COM 067901108 354 20,000 SH   SOLE   20,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 865 4 SH   SOLE   4 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,405 9,725 SH   SOLE   9,725 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 739 21,000 SH   SOLE   21,000 0 0
CANADIAN NATL RY CO COM 136375102 1,177 18,000 SH   SOLE   18,000 0 0
CATERPILLAR INC DEL COM 149123101 355 4,000 SH   SOLE   4,000 0 0
CERNER CORP COM 156782104 12,041 195,000 SH   SOLE   195,000 0 0
CISCO SYS INC COM 17275R102 34,649 1,092,350 SH   SOLE   1,092,350 0 0
CITIGROUP INC COM NEW 172967424 1,882 39,850 SH   SOLE   39,850 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 9,602 201,250 SH   SOLE   201,250 0 0
COLFAX CORP COM 194014106 14,049 447,000 SH   SOLE   447,000 0 0
COPART INC COM 217204106 14,461 270,000 SH   SOLE   270,000 0 0
DANAHER CORP DEL COM 235851102 8,004 102,100 SH   SOLE   102,100 0 0
DEERE & CO COM 244199105 201 2,350 SH   SOLE   2,350 0 0
DEVON ENERGY CORP NEW COM 25179M103 348 7,900 SH   SOLE   7,900 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 31,215 269,000 SH   SOLE   269,000 0 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 14,860 552,000 SH   SOLE   552,000 0 0
DISCOVER FINL SVCS COM 254709108 12,209 215,900 SH   SOLE   215,900 0 0
DONALDSON INC COM 257651109 33,093 886,500 SH   SOLE   886,500 0 0
DOVER CORP COM 260003108 19,183 260,500 SH   SOLE   260,500 0 0
EMERSON ELEC CO COM 291011104 29,463 540,500 SH   SOLE   540,500 0 0
EQUINIX INC COM NEW 29444U700 7,296 20,253 SH   SOLE   20,253 0 0
EXPEDITORS INTL WASH INC COM 302130109 10,304 200,000 SH   SOLE   200,000 0 0
EXXON MOBIL CORP COM 30231G102 27,359 313,464 SH   SOLE   313,464 0 0
FMC TECHNOLOGIES INC COM 30249U101 2,225 75,000 SH   SOLE   75,000 0 0
FASTENAL CO COM 311900104 2,089 50,000 SH   SOLE   50,000 0 0
FEDERATED INVS INC PA CL B 314211103 1,562 52,700 SH   SOLE   52,700 0 0
FIFTH THIRD BANCORP COM 316773100 22,414 1,095,500 SH   SOLE   1,095,500 0 0
FLUOR CORP NEW COM 343412102 3,100 60,400 SH   SOLE   60,400 0 0
FORTIVE CORP COM 34959J108 2,598 51,050 SH   SOLE   51,050 0 0
FULLER H B CO COM 359694106 1,394 30,000 SH   SOLE   30,000 0 0
GENERAL DYNAMICS CORP COM 369550108 295 1,900 SH   SOLE   1,900 0 0
GENERAL ELECTRIC CO COM 369604103 467 15,750 SH   SOLE   15,750 0 0
GOLDCORP INC NEW COM 380956409 1,107 67,000 SH   SOLE   67,000 0 0
GRACO INC COM 384109104 30,129 407,150 SH   SOLE   407,150 0 0
GRAHAM HLDGS CO COM 384637104 4,429 9,200 SH   SOLE   9,200 0 0
GRAINGER W W INC COM 384802104 30,994 137,850 SH   SOLE   137,850 0 0
HALLIBURTON CO COM 406216101 21,352 475,750 SH   SOLE   475,750 0 0
HEICO CORP NEW CL A 422806208 6,051 100,000 SH   SOLE   100,000 0 0
HEWLETT PACKARD ENTERPRISE C COM 428236103 2,321 102,000 SH   SOLE   102,000 0 0
HUNTINGTON BANCSHARES INC COM 446150104 104 10,500 SH   SOLE   10,500 0 0
ILLINOIS TOOL WKS INC COM 452308109 19,318 161,200 SH   SOLE   161,200 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 214 1,500 SH   SOLE   1,500 0 0
I SHARES GOLD TRUST I SHARES 464285105 279 22,000 SH   SOLE   22,000 0 0
JOHNSON & JOHNSON COM 478160104 797 6,750 SH   SOLE   6,750 0 0
JOHNSON CTLS INC COM 478366107 23,413 503,174 SH   SOLE   503,174 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 1,421 48,008 SH   SOLE   48,008 0 0
KRAFT HEINZ CO COM 500754106 17,902 200,000 SH   SOLE   200,000 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 21,447 156,000 SH   SOLE   156,000 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 928 20,000 SH   SOLE   20,000 0 0
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 4,402 220,000 SH   SOLE   220,000 0 0
LOWES COS INC COM 548661107 37,296 516,500 SH   SOLE   516,500 0 0
MSC INDL DIRECT INC CL A 553530106 19,490 265,500 SH   SOLE   265,500 0 0
MASTERCARD INC CL A 57636Q104 11,134 109,400 SH   SOLE   109,400 0 0
MICROSOFT CORP COM 594918104 971 16,850 SH   SOLE   16,850 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 16,467 265,000 SH   SOLE   265,000 0 0
MOODYS CORP COM 615369105 16,783 155,000 SH   SOLE   155,000 0 0
NOBLE ENERGY INC COM 655044105 6,996 195,740 SH   SOLE   195,740 0 0
NORDSTROM INC COM 655664100 8,545 164,700 SH   SOLE   164,700 0 0
NORFOLK SOUTHERN CORP COM 655844108 24,663 254,100 SH   SOLE   254,100 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1,808 24,800 SH   SOLE   24,800 0 0
OMNICOM GROUP INC COM 681919106 44,328 521,500 SH   SOLE   521,500 0 0
PNC FINL SVCS GROUP INC COM 693475105 24,225 268,900 SH   SOLE   268,900 0 0
PNC FINL SVCS GROUP INC *W EXP 12/31/201 693475121 1,723 73,333 SH   SOLE   73,333 0 0
PAN AMERICAN SILVER CORP COM 697900108 617 35,000 SH   SOLE   35,000 0 0
PAYCHEX INC COM 704326107 243 4,200 SH   SOLE   4,200 0 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 2,076 256,000 SH   SOLE   256,000 0 0
PIONEER NAT RES CO COM 723787107 10,285 55,400 SH   SOLE   55,400 0 0
POLARIS INDS INC COM 731068102 33,299 430,000 SH   SOLE   430,000 0 0
PRAXAIR INC COM 74005P104 36,575 302,700 SH   SOLE   302,700 0 0
PRICELINE GRP INC COM NEW 741503403 3,679 2,500 SH   SOLE   2,500 0 0
PULTE GROUP INC COM 745867101 2,265 113,000 SH   SOLE   113,000 0 0
QUALCOMM INC COM 747525103 990 14,450 SH   SOLE   14,450 0 0
RANGE RES CORP COM 75281A109 405 10,450 SH   SOLE   10,450 0 0
REINSURANCE GROUP AMER INC COM NEW 759351604 5,181 48,000 SH   SOLE   48,000 0 0
ROCKWELL AUTOMATION INC COM 773903109 9,176 75,000 SH   SOLE   75,000 0 0
ROLLINS INC COM 775711104 2,928 100,000 SH   SOLE   100,000 0 0
ROPER TECHNOLOGIES INC COM 776696106 5,474 30,000 SH   SOLE   30,000 0 0
ROSS STORES INC COM 778296103 20,307 315,820 SH   SOLE   315,820 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 3,231 25,720 SH   SOLE   25,720 0 0
SALLY BEAUTY HLDGS INC COM 79546E104 5,734 223,300 SH   SOLE   223,300 0 0
SCHLUMBERGER LTD COM 806857108 35,315 449,075 SH   SOLE   449,075 0 0
SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 6,984 110,000 SH   SOLE   110,000 0 0
SERVICEMASTER GLOBAL HLDGS I COM 81761R109 3,031 90,000 SH   SOLE   90,000 0 0
SHIRE PLC SPONSORED ADR 82481R106 2,026 10,450 SH   SOLE   10,450 0 0
STRYKER CORP COM 863667101 361 3,100 SH   SOLE   3,100 0 0
TJX COS INC NEW COM 872540109 26,274 351,350 SH   SOLE   351,350 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 1,300 42,500 SH   SOLE   42,500 0 0
TEXAS INSTRS INC COM 882508104 2,927 41,700 SH   SOLE   41,700 0 0
TEXAS PAC LAND TR SUB CTF PROP I T 882610108 5,780 24,150 SH   SOLE   24,150 0 0
3M CO COM 88579Y101 28,831 163,600 SH   SOLE   163,600 0 0
TORO CO COM 891092108 3,279 70,000 SH   SOLE   70,000 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 1,230 10,600 SH   SOLE   10,600 0 0
TRACTOR SUPPLY CO COM 892356106 19,532 290,000 SH   SOLE   290,000 0 0
US BANCORP DEL COM NEW 902973304 19,476 454,100 SH   SOLE   454,100 0 0
UNICO AMERN CORP COM 904607108 5,127 469,945 SH   SOLE   469,945 0 0
UNITED PARCEL SERVICE INC CL B 911312106 39,069 357,250 SH   SOLE   357,250 0 0
V F CORP COM 918204108 39,465 704,100 SH   SOLE   704,100 0 0
VANECK VECTORS ETF TR COM 92189F106 326 12,350 SH   SOLE   12,350 0 0
VARIAN MED SYS INC COM 92220P105 16,223 163,000 SH   SOLE   163,000 0 0
WPP PLC NEW ADR 92937A102 942 8,000 SH   SOLE   8,000 0 0
WATERS CORP COM 941848103 3,265 20,600 SH   SOLE   20,600 0 0
WESTERN UN CO COM 959802109 5,288 254,000 SH   SOLE   254,000 0 0
WILLIAMS SONOMA INC COM 969904101 27,221 532,900 SH   SOLE   532,900 0 0
ZIMMER BIOMET HLDGS INC COM 98956P102 23,014 177,000 SH   SOLE   177,000 0 0