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 COMMON 88579Y101 13,628 82,620 SH   SOLE   1,900 0 80,720
ABBOTT LABORATORIES COMMON 002824100 16,958 366,035 SH   SOLE   0 0 366,035
ABBVIE INC COMMON 00287Y109 1,454 24,838 SH   SOLE   0 0 24,838
ACCENTURE PLC IRELAND SHS CLAS COMMON G1151C101 22,490 240,051 SH   SOLE   14,400 0 225,651
ADOBE SYSTEMS, INC COMMON 00724F101 6,212 84,010 SH   SOLE   0 0 84,010
ADVISORY BOARD CO COMMON 00762W107 21,886 410,782 SH   SOLE   35,000 0 375,782
AGRITEK HLDGS INC COM COMMON 00856J103 0 20,000 SH   SOLE   0 0 20,000
AIR LEASE CORP CL A COMMON 00912X302 49,486 1,311,242 SH   SOLE   92,000 0 1,219,242
AIR PRODUCTS & CHEMICALS INC COMMON 009158106 28,483 188,283 SH   SOLE   6,200 0 182,083
ALCOA INC COMMON 013817101 62,063 4,803,653 SH   SOLE   306,000 0 4,497,653
ALTRIA GROUP INC COMMON 02209S103 944 18,877 SH   SOLE   0 0 18,877
AMAZON.COM INC COMMON 023135106 373 1,003 SH   SOLE   0 0 1,003
AMERICAN AIRLINES GROUP INC COMMON 02376R102 18,384 348,311 SH   SOLE   56,500 0 291,811
AMERICAN EXPRESS CO COMMON 025816109 23,958 306,683 SH   SOLE   40,500 0 266,183
AMERICAN INTL GROUP NEW COMMON 026874784 4,001 73,023 SH   SOLE   0 0 73,023
AMERICAN TOWER CORP REIT COMMON 03027X100 31,088 330,193 SH   SOLE   9,000 0 321,193
AMERISOURCEBERGEN CORP COMMON 03073E105 206 1,808 SH   SOLE   0 0 1,808
AMGEN, INC COMMON 031162100 59,004 369,124 SH   SOLE   20,300 0 348,824
ANADARKO PETROLEUM CORP COMMON 032511107 328 3,957 SH   SOLE   0 0 3,957
ANTHRACITE CAP INC COMMON 037023108 0 13,772 SH   SOLE   0 0 13,772
APACHE CORP COMMON 037411105 1,043 17,289 SH   SOLE   0 0 17,289
APPLE INC COMMON 037833100 17,808 143,116 SH   SOLE   4,620 0 138,496
ARTIFICIAL LIFE INC COMMON 04314Q105 1 40,000 SH   SOLE   0 0 40,000
AT&T INC COMMON 00206R102 1,071 32,789 SH   SOLE   0 0 32,789
AUTOMATIC DATA PROCESSING COMMON 053015103 3,856 45,027 SH   SOLE   6,200 0 38,827
AVALONBAY COMMUNITIES INC COMMON 053484101 18,748 107,590 SH   SOLE   750 0 106,840
BANK OF AMERICA CORP COMMON 060505104 549 35,701 SH   SOLE   0 0 35,701
BANK OF NEW YORK MELLON CORP COMMON 064058100 461 11,448 SH   SOLE   0 0 11,448
BANKUNITED INC COMMON 06652K103 3,205 97,900 SH   SOLE   4,000 0 93,900
BECTON DICKINSON & CO COMMON 075887109 454 3,160 SH   SOLE   0 0 3,160
BED BATH & BEYOND INC COMMON 075896100 221 2,881 SH   SOLE   0 0 2,881
BERKSHIRE HATHAWAY INC CL B NE COMMON 084670702 1,379 9,554 SH   SOLE   0 0 9,554
BIOGEN INC COM COMMON 09062X103 519 1,230 SH   SOLE   0 0 1,230
BITCOIN SHOP INC COM COMMON 09173J100 2 10,000 SH   SOLE   0 0 10,000
BLACKROCK INC COMMON 09247X101 247 675 SH   SOLE   0 0 675
BLACKSTONE GROUP L P UNIT LTD COMMON 09253U108 24,694 634,959 SH   SOLE   91,500 0 543,459
BOEING CO COMMON 097023105 751 5,006 SH   SOLE   0 0 5,006
BORG WARNER INC COMMON 099724106 69,113 1,142,748 SH   SOLE   69,500 0 1,073,248
BRISTOL-MYERS SQUIBB CO COMMON 110122108 29,330 454,721 SH   SOLE   7,900 0 446,821
CAMBRIDGE HEART INC COMMON 131910101 0 302,350 SH   SOLE   0 0 302,350
CAMERON INTERNATIONAL CORP COMMON 13342B105 248 5,503 SH   SOLE   0 0 5,503
CANNABIS SCIENCE INC COM COMMON 137648101 3 60,000 SH   SOLE   0 0 60,000
CARPENTER TECHNOLOGY CORP COMMON 144285103 3,781 97,241 SH   SOLE   0 0 97,241
CATERPILLAR INC COMMON 149123101 857 10,710 SH   SOLE   0 0 10,710
CDK GLOBAL INC COMMON 12508E101 227 4,844 SH   SOLE   0 0 4,844
CELGENE CORP COMMON 151020104 39,922 346,302 SH   SOLE   39,700 0 306,602
CENTURYLINK INC COMMON 156700106 770 22,278 SH   SOLE   0 0 22,278
CERNER CORP COMMON 156782104 50,828 693,804 SH   SOLE   55,800 0 638,004
CHARLES SCHWAB CORP NEW COMMON 808513105 226 7,440 SH   SOLE   0 0 7,440
CHESAPEAKE ENERGY CORP COMMON 165167107 241 17,009 SH   SOLE   0 0 17,009
CHEVRON CORP NEW COMMON 166764100 8,604 81,959 SH   SOLE   0 0 81,959
CHINANET ONLINE HOLDINGS COMMON 16949H102 32 20,000 SH   SOLE   0 0 20,000
CHUBB CORP COMMON 171232101 822 8,134 SH   SOLE   0 0 8,134
CISCO SYSTEMS INC COMMON 17275R102 64,256 2,334,467 SH   SOLE   133,710 0 2,200,757
CITIGROUP INC NEW COMMON 172967424 398 7,724 SH   SOLE   0 0 7,724
CLOROX CO COMMON 189054109 210 1,902 SH   SOLE   0 0 1,902
COACH INC COMMON 189754104 2,584 62,363 SH   SOLE   0 0 62,363
COCA-COLA CO COMMON 191216100 10,184 251,136 SH   SOLE   0 0 251,136
COLGATE PALMOLIVE CO COMMON 194162103 14,027 202,295 SH   SOLE   1,000 0 201,295
COMCAST CORP CL A COMMON 20030N101 3,275 57,988 SH   SOLE   37,290 0 20,698
COMCAST CORP SPL CL A (NON VOT COMMON 20030N200 19,021 339,274 SH   SOLE   9,500 0 329,774
CONOCOPHILLIPS COMMON 20825C104 273 4,380 SH   SOLE   0 0 4,380
CONSOLIDATED EDISON INC COMMON 209115104 419 6,869 SH   SOLE   0 0 6,869
CORE LABORATORIES N V COMMON N22717107 9,282 88,833 SH   SOLE   12,300 0 76,533
CORNING INC COMMON 219350105 41,419 1,826,243 SH   SOLE   126,000 0 1,700,243
COSTCO WHOLESALE CORP NEW COMMON 22160K105 1,149 7,582 SH   SOLE   1,990 0 5,592
CROWN CASTLE INTL CORP COMMON 22822V101 210 2,550 SH   SOLE   0 0 2,550
CVS HEALTH CORP COMMON 126650100 643 6,230 SH   SOLE   0 0 6,230
DANAHER CORP DEL COMMON 235851102 49,922 588,006 SH   SOLE   49,700 0 538,306
DANONE SPONSORED ADR COMMON 23636T100 9,269 689,078 SH   SOLE   88,100 0 600,978
DEERE & CO COMMON 244199105 375 4,279 SH   SOLE   0 0 4,279
DELPHI AUTOMOTIVE PLC SHS COMMON G27823106 57,837 725,321 SH   SOLE   51,500 0 673,821
DELTA AIR LINES, INC COMMON 247361702 112,736 2,507,479 SH   SOLE   145,000 0 2,362,479
DENTSPLY INTL INC NEW COMMON 249030107 32,368 636,043 SH   SOLE   10,000 0 626,043
DIAGEO PLC ADR COMMON 25243Q205 41,450 374,871 SH   SOLE   28,200 0 346,671
DIGITALGLOBE INC NEW COMMON 25389M877 31,149 914,275 SH   SOLE   75,000 0 839,275
DISCOVERY COMMUNICATIONS NEW S COMMON 25470F104 927 30,134 SH   SOLE   0 0 30,134
DISCOVERY COMMUNICATIONS NEW S COMMON 25470F302 5,879 199,447 SH   SOLE   0 0 199,447
DISNEY (WALT) CO COMMON 254687106 20,011 190,779 SH   SOLE   0 0 190,779
DOLLAR TREE INC COMMON 256746108 210 2,594 SH   SOLE   0 0 2,594
DOMINION RESOURCES INC COMMON 25746U109 244 3,441 SH   SOLE   0 0 3,441
DOW CHEMICAL CO COMMON 260543103 2,351 48,992 SH   SOLE   0 0 48,992
DU PONT, (E.I.) COMMON 263534109 530 7,422 SH   SOLE   0 0 7,422
DUKE ENERGY CORP NEW COMMON 26441C204 231 3,012 SH   SOLE   0 0 3,012
DUNKIN BRANDS GROUP INC COMMON 265504100 32,349 680,169 SH   SOLE   55,500 0 624,669
E M C CORP COMMON 268648102 370 14,473 SH   SOLE   0 0 14,473
EATON CORP PLC SHS COMMON G29183103 27,293 401,725 SH   SOLE   22,807 0 378,918
EBAY INC COMMON 278642103 29,491 511,290 SH   SOLE   17,000 0 494,290
ECOLAB INC COMMON 278865100 38,386 335,597 SH   SOLE   12,200 0 323,397
EMERSON ELECTRIC CO COMMON 291011104 8,420 148,715 SH   SOLE   0 0 148,715
ENTERPRISE PRODUCTS PARTNERS COMMON 293792107 686 20,839 SH   SOLE   0 0 20,839
EOG RESOURCES INC COMMON 26875P101 386 4,214 SH   SOLE   0 0 4,214
EQUINIX INC COMMON 29444U700 47,247 202,909 SH   SOLE   16,550 0 186,359
EXPEDITORS INTL OF WASHINGTON COMMON 302130109 22,570 468,459 SH   SOLE   9,600 0 458,859
EXPRESS SCRIPTS HOLDING CO COMMON 30219G108 1,078 12,419 SH   SOLE   0 0 12,419
EXXON MOBIL CORP COMMON 30231G102 6,209 73,047 SH   SOLE   0 0 73,047
FACEBOOK INC CL A COMMON 30303M102 9,328 113,455 SH   SOLE   1,500 0 111,955
FASTENAL CO COMMON 311900104 10,930 263,791 SH   SOLE   3,000 0 260,791
FEDEX CORP COMMON 31428X106 4,458 26,946 SH   SOLE   0 0 26,946
FORD MOTOR CO COMMON 345370860 62,183 3,852,697 SH   SOLE   104,400 0 3,748,297
GANNETT CO, INC COMMON 364730101 37,025 998,508 SH   SOLE   65,000 0 933,508
GENERAL ELECTRIC CO COMMON 369604103 70,443 2,839,304 SH   SOLE   138,920 0 2,700,384
GENERAL MOTORS CO COMMON 37045V100 75,070 2,001,880 SH   SOLE   112,100 0 1,889,780
GILEAD SCIENCES INC COMMON 375558103 1,390 14,166 SH   SOLE   0 0 14,166
GOLDMAN SACHS GROUP COMMON 38141G104 209 1,113 SH   SOLE   0 0 1,113
GOOGLE INC CL A COMMON 38259P508 24,807 44,721 SH   SOLE   3,700 0 41,021
GOOGLE INC CL C COMMON 38259P706 36,087 65,852 SH   SOLE   4,550 0 61,302
GRACO INC COMMON 384109104 334 4,634 SH   SOLE   0 0 4,634
GRAINGER (W.W.), INC COMMON 384802104 414 1,756 SH   SOLE   1,200 0 556
HAIN CELESTIAL GROUP INC COMMON 405217100 22,981 358,791 SH   SOLE   12,800 0 345,991
HARMAN INTERNATIONAL INDS INC COMMON 413086109 75,381 564,105 SH   SOLE   24,000 0 540,105
HARTCOURT COMPANIES INC NEW COMMON 416187201 0 10,000 SH   SOLE   0 0 10,000
HCA HOLDINGS INC COMMON 40412C101 226 3,000 SH   SOLE   0 0 3,000
HERSHEY CO COMMON 427866108 488 4,837 SH   SOLE   0 0 4,837
HERTZ GLOBAL HOLDINGS INC COMMON 42805T105 501 23,125 SH   SOLE   0 0 23,125
HEWLETT PACKARD CO COMMON 428236103 277 8,898 SH   SOLE   0 0 8,898
HOLLYFRONTIER CORP COMMON 436106108 29,196 725,009 SH   SOLE   52,000 0 673,009
HOME DEPOT INC COMMON 437076102 832 7,324 SH   SOLE   0 0 7,324
HONEYWELL INTL INC COMMON 438516106 16,015 153,537 SH   SOLE   11,300 0 142,237
HUBBELL, INC CL A COMMON 443510102 890 8,407 SH   SOLE   0 0 8,407
HUBBELL, INC CL B COMMON 443510201 1,453 13,256 SH   SOLE   0 0 13,256
HUDSONS BAY CO NEW COMMON 444218101 32,904 1,590,162 SH   SOLE   117,000 0 1,473,162
HUNTINGTON BANCSHARES COMMON 446150104 207 18,701 SH   SOLE   0 0 18,701
IHS INC CL A COMMON 451734107 27,535 242,048 SH   SOLE   24,800 0 217,248
ILLINOIS TOOL WORKS INC COMMON 452308109 20,093 206,845 SH   SOLE   4,000 0 202,845
ILLUMINA INC COMMON 452327109 79,106 426,125 SH   SOLE   21,500 0 404,625
INTEL CORP COMMON 458140100 29,996 959,258 SH   SOLE   25,710 0 933,548
INTERNATIONAL BUSINESS MACHINE COMMON 459200101 8,046 50,133 SH   SOLE   1,890 0 48,243
INTERNATIONAL PAPER CO COMMON 460146103 235 4,228 SH   SOLE   0 0 4,228
ISTAR FINANCIAL INC COMMON 45031U101 3,117 239,755 SH   SOLE   0 0 239,755
JETBLUE AIRWAYS CORP COMMON 477143101 193 10,000 SH   SOLE   0 0 10,000
JOHNSON & JOHNSON COMMON 478160104 10,780 107,161 SH   SOLE   0 0 107,161
JOHNSON CONTROLS INC COMMON 478366107 534 10,589 SH   SOLE   0 0 10,589
JPMORGAN CHASE & CO COMMON 46625H100 25,238 416,606 SH   SOLE   14,000 0 402,606
KEYCORP NEW COMMON 493267108 184 13,000 SH   SOLE   0 0 13,000
KIMBERLY CLARK CORP COMMON 494368103 604 5,637 SH   SOLE   0 0 5,637
KINDER MORGAN INC COMMON 49456B101 1,116 26,529 SH   SOLE   0 0 26,529
KRAFT FOODS GROUP INC COMMON 50076Q106 683 7,838 SH   SOLE   0 0 7,838
L BRANDS INC COMMON 501797104 2,844 30,164 SH   SOLE   0 0 30,164
LAMAR ADVERTISING CO N CL A COMMON 512816109 16,931 285,653 SH   SOLE   0 0 285,653
LAUDER ESTEE COS INC CL A COMMON 518439104 6,362 76,498 SH   SOLE   6,500 0 69,998
LEE ENTERPRISES INC COMMON 523768109 32 10,000 SH   SOLE   0 0 10,000
LENNAR CORP CL A COMMON 526057104 245 4,720 SH   SOLE   0 0 4,720
LEVEL 3 COMMUNICATIONS NEW COMMON 52729N308 13,569 252,027 SH   SOLE   1,500 0 250,527
LIBERTY GLOBAL PLC SHS CL C COMMON G5480U120 591 11,858 SH   SOLE   0 0 11,858
LIBERTY INTERACTIVE CORP SER A COMMON 53071M104 245 8,400 SH   SOLE   0 0 8,400
LILLY ELI & CO COMMON 532457108 379 5,220 SH   SOLE   0 0 5,220
LINEAR TECHNOLOGY CORP COMMON 535678106 8,365 178,748 SH   SOLE   0 0 178,748
LUXOTTICA GROUP S P A SPON ADR COMMON 55068R202 19,152 305,312 SH   SOLE   40,000 0 265,312
MACYS INC COMMON 55616P104 13,897 214,103 SH   SOLE   9,500 0 204,603
MAGELLAN MIDSTREAM PARTNERS UN COMMON 559080106 384 5,000 SH   SOLE   0 0 5,000
MANHATTAN ASSOCIATES INC COMMON 562750109 15,878 313,737 SH   SOLE   37,000 0 276,737
MARATHON PETROLEUM CORP COMMON 56585A102 29,093 284,142 SH   SOLE   20,500 0 263,642
MARSH & MCLENNAN COMPANIES, IN COMMON 571748102 558 9,950 SH   SOLE   0 0 9,950
MARTIN MARIETTA MATERIALS INC COMMON 573284106 308 2,201 SH   SOLE   0 0 2,201
MASCO CORP COMMON 574599106 320 12,000 SH   SOLE   0 0 12,000
MASTERCARD INC CL A COMMON 57636Q104 54,936 635,906 SH   SOLE   49,750 0 586,156
MCCLATCHY CO CL A COMMON 579489105 18 10,000 SH   SOLE   0 0 10,000
MCCORMICK & CO INC COMMON 579780206 1,946 25,239 SH   SOLE   0 0 25,239
MCDONALD'S CORP COMMON 580135101 465 4,776 SH   SOLE   0 0 4,776
MEDICAL MARIJUANA INC COM COMMON 58463A105 5 50,000 SH   SOLE   0 0 50,000
MERCK & CO INC NEW COMMON 58933Y105 39,967 695,322 SH   SOLE   19,700 0 675,622
MEREDITH CORP COMMON 589433101 223 4,000 SH   SOLE   0 0 4,000
METLIFE INC COMMON 59156R108 38,689 765,363 SH   SOLE   58,500 0 706,863
MICROCHIP TECHNOLOGY INC COMMON 595017104 39,425 806,228 SH   SOLE   7,200 0 799,028
MICROSOFT CORP COMMON 594918104 53,369 1,312,717 SH   SOLE   82,000 0 1,230,717
MONDELEZ INTL INC CL A COMMON 609207105 16,724 463,389 SH   SOLE   0 0 463,389
MONSTER BEVERAGE CORP COMMON 611740101 432 3,125 SH   SOLE   0 0 3,125
MORGAN STANLEY NEW COMMON 617446448 227 6,354 SH   SOLE   0 0 6,354
NCR CORP COMMON 62886E108 37,364 1,266,159 SH   SOLE   72,000 0 1,194,159
NESTLE S A SPON ADR COMMON 641069406 39,472 522,327 SH   SOLE   36,100 0 486,227
NEXTERA ENERGY INC COMMON 65339F101 218 2,096 SH   SOLE   0 0 2,096
NIELSEN N V COMMON N63218106 18,422 413,321 SH   SOLE   18,000 0 395,321
NIKE INC CL B COMMON 654106103 455 4,531 SH   SOLE   0 0 4,531
NOKIA CORP SPON ADR COMMON 654902204 244 32,208 SH   SOLE   0 0 32,208
NORDSTROM, INC COMMON 655664100 5,323 66,268 SH   SOLE   7,000 0 59,268
NOVARTIS A G SPON ADR COMMON 66987V109 54,003 547,643 SH   SOLE   22,500 0 525,143
NOVO-NORDISK A S ADR COMMON 670100205 19,777 370,421 SH   SOLE   18,500 0 351,921
OLD DOMINION FREIGHT LINE COMMON 679580100 385 4,975 SH   SOLE   0 0 4,975
OPKO HEALTH INC COMMON 68375N103 425 30,000 SH   SOLE   0 0 30,000
ORACLE CORP COMMON 68389X105 584 13,527 SH   SOLE   0 0 13,527
PAYCHEX INC COMMON 704326107 212 4,282 SH   SOLE   0 0 4,282
PENTAIR PLC SHS COMMON G7S00T104 9,569 152,156 SH   SOLE   1,500 0 150,656
PEPSICO INC COMMON 713448108 37,836 395,689 SH   SOLE   23,800 0 371,889
PERRIGO CO PCL SHS COMMON G97822103 9,075 54,818 SH   SOLE   5,900 0 48,918
PFIZER INC COMMON 717081103 2,989 85,925 SH   SOLE   0 0 85,925
PHILIP MORRIS INTL INC COMMON 718172109 1,006 13,356 SH   SOLE   0 0 13,356
PRAXAIR INC COMMON 74005P104 29,472 244,096 SH   SOLE   22,600 0 221,496
PRECISION CASTPARTS CORP COMMON 740189105 220 1,048 SH   SOLE   0 0 1,048
PREMIER INC CL A COMMON 74051N102 12,418 330,455 SH   SOLE   15,500 0 314,955
PROCTER & GAMBLE CO COMMON 742718109 7,583 92,546 SH   SOLE   0 0 92,546
PROLOGIS INC COMMON 74340W103 36,988 849,135 SH   SOLE   73,500 0 775,635
QIAGEN NV ORD COMMON N72482107 49,738 1,973,740 SH   SOLE   109,000 0 1,864,740
QUALCOMM INC COMMON 747525103 69,435 1,001,364 SH   SOLE   54,900 0 946,464
SANOFI SPONSORED ADR COMMON 80105N105 21,132 427,430 SH   SOLE   23,000 0 404,430
SCHLUMBERGER LTD COMMON 806857108 16,778 201,080 SH   SOLE   14,400 0 186,680
SEACO LTD SHS COMMON G79441104 0 25,328 SH   SOLE   0 0 25,328
SOLUCORP INDUSTRIES LTD COMMON 83437C102 0 17,000 SH   SOLE   0 0 17,000
SONOCO PRODUCTS CO COMMON 835495102 337 7,419 SH   SOLE   0 0 7,419
SOUTHWEST AIRLINES CO COMMON 844741108 64,728 1,461,127 SH   SOLE   5,000 0 1,456,127
STANLEY BLACK & DECKER COMMON 854502101 11,442 119,990 SH   SOLE   30,550 0 89,440
STARBUCKS CORP COMMON 855244109 12,326 130,159 SH   SOLE   16,160 0 113,999
STERICYCLE INC COMMON 858912108 46,003 327,587 SH   SOLE   16,800 0 310,787
STRATASYS LTD SHS COMMON M85548101 31,414 595,189 SH   SOLE   32,900 0 562,289
SYMANTEC CORP COMMON 871503108 1,171 50,111 SH   SOLE   0 0 50,111
SYNCHRONY FINANCIAL COMMON 87165B103 1,797 59,220 SH   SOLE   14,000 0 45,220
TARGET CORP COMMON 87612E106 395 4,810 SH   SOLE   0 0 4,810
TELUS CORP COMMON 87971M103 5,839 175,658 SH   SOLE   0 0 175,658
TEREX CORP NEW COMMON 880779103 302 11,353 SH   SOLE   0 0 11,353
TEXTRON INC COMMON 883203101 299 6,740 SH   SOLE   0 0 6,740
THERMO FISHER SCIENTIFIC COMMON 883556102 50,412 375,258 SH   SOLE   34,700 0 340,558
THOMSON REUTERS CORP COMMON 884903105 26,170 645,223 SH   SOLE   0 0 645,223
TIME WARNER INC NEW COMMON 887317303 827 9,792 SH   SOLE   0 0 9,792
TRANSDIGM GROUP INC COMMON 893641100 690 3,156 SH   SOLE   0 0 3,156
TRUSTCO BK CORP N Y COMMON 898349105 172 25,000 SH   SOLE   0 0 25,000
TWENTY FIRST CENTURY FOX CL A COMMON 90130A101 376 11,104 SH   SOLE   0 0 11,104
ULTRA PETROLEUM CORP COMMON 903914109 156 10,000 SH   SOLE   0 0 10,000
UNDERGROUND SOLUTIONS COMMON 904323102 1 10,000 SH   SOLE   0 0 10,000
UNILEVER N.V. (NY SHS) COMMON 904784709 17,104 409,589 SH   SOLE   48,000 0 361,589
UNILEVER PLC SPON ADR NEW COMMON 904767704 429 10,290 SH   SOLE   0 0 10,290
UNION PACIFIC CORP COMMON 907818108 327 3,019 SH   SOLE   0 0 3,019
UNITED CONTINENTAL HOLDINGS IN COMMON 910047109 109,538 1,628,816 SH   SOLE   75,500 0 1,553,316
UNITED PARCEL SERVICE CL B COMMON 911312106 3,358 34,640 SH   SOLE   0 0 34,640
UNITED TECHNOLOGIES CORP COMMON 913017109 4,894 41,756 SH   SOLE   0 0 41,756
UNITEDHEALTH GROUP INC COMMON 91324P102 485 4,102 SH   SOLE   0 0 4,102
US BANCORP DEL NEW COMMON 902973304 7,644 175,035 SH   SOLE   0 0 175,035
V F CORP COMMON 918204108 15,997 212,410 SH   SOLE   10,000 0 202,410
VALERO ENERGY CORP COMMON 91913Y100 36,495 573,645 SH   SOLE   38,700 0 534,945
VENTAS INC COMMON 92276F100 37,543 514,143 SH   SOLE   40,500 0 473,643
VERIFONE SYSTEMS INC COMMON 92342Y109 36,094 1,034,498 SH   SOLE   25,500 0 1,008,998
VERISK ANALYTICS INC CL A COMMON 92345Y106 44,406 621,931 SH   SOLE   53,500 0 568,431
VERIZON COMMUNICATIONS INC COMMON 92343V104 16,034 329,718 SH   SOLE   0 0 329,718
VISA INC CL A COMMON 92826C839 67,978 1,039,264 SH   SOLE   80,400 0 958,864
VISTEON CORP NEW COMMON 92839U206 17,029 176,647 SH   SOLE   0 0 176,647
VODAFONE GROUP PLC NEW SPNSR A COMMON 92857W308 5,753 176,036 SH   SOLE   0 0 176,036
VULCAN MATERIALS CO COMMON 929160109 6,273 74,413 SH   SOLE   1,200 0 73,213
WABCO HOLDINGS INC COMMON 92927K102 569 4,630 SH   SOLE   0 0 4,630
WAL-MART STORES INC COMMON 931142103 256 3,112 SH   SOLE   0 0 3,112
WASTE MANAGEMENT INC COMMON 94106L109 3,642 67,153 SH   SOLE   0 0 67,153
WELLS FARGO & CO NEW COMMON 949746101 2,342 43,052 SH   SOLE   0 0 43,052
WHITEWAVE FOODS CO CL A COMMON 966244105 214 4,820 SH   SOLE   0 0 4,820
WHOLE FOODS MARKET INC COMMON 966837106 17,800 341,782 SH   SOLE   43,500 0 298,282
XPO LOGISTICS INC COMMON 983793100 33,110 728,175 SH   SOLE   74,000 0 654,175
YAHOO INC COMMON 984332106 23,566 530,358 SH   SOLE   4,000 0 526,358
YUM BRANDS INC COMMON 988498101 58,017 737,002 SH   SOLE   47,700 0 689,302
ZIMMER HOLDINGS INC COMMON 98956P102 521 4,437 SH   SOLE   0 0 4,437
ZOETIS INC CL A COMMON 98978V103 17,633 380,924 SH   SOLE   10,000 0 370,924