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
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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
Adobe Systems Inc. COM 00724F101 2,639 41,475 SH   SOLE   41,475 0 0
Ameriprise Financial Inc. COM 03076C106 1,959 16,025 SH   SOLE   16,025 0 0
Blackrock Inc COM 09247X101 8,961 26,651 SH   SOLE   26,651 0 0
Bristol-Myers Squibb COM 110122108 360 6,374 SH   SOLE   6,374 0 0
Citigroup Inc. COM NEW 172967424 6,556 118,412 SH   SOLE   118,412 0 0
Cameron International Corp. COM 13342B105 1,267 20,025 SH   SOLE   20,025 0 0
Caterpillar Inc. COM 149123101 3,107 32,203 SH   SOLE   32,203 0 0
Chubb Corp. COM 171232101 6,240 60,775 SH   SOLE   60,775 0 0
Celgene Corp COM 151020104 4,901 27,300 SH   SOLE   27,300 0 0
Cerner Corp COM 156782104 811 13,700 SH   SOLE   13,700 0 0
Cobalt International Energy Inc. COM 19075F106 952 54,475 SH   SOLE   54,475 0 0
Colgate Palmolive Co. COM 194162103 5,557 80,199 SH   SOLE   80,199 0 0
Comcast Corp. Special Class A CL A 20030N200 2,650 50,000 SH   SOLE   50,000 0 0
Costamare Inc SHS Y1771G102 1,811 93,318 SH   SOLE   93,318 0 0
Capital One Financial Corp. COM 14040H105 4,243 52,125 SH   SOLE   52,125 0 0
ConocoPhillips COM 20825C104 6,850 91,256 SH   SOLE   91,256 0 0
Costco Wholesale Inc. COM 22160K105 3,354 26,525 SH   SOLE   26,525 0 0
Cisco Systems COM 17275R102 9,013 378,185 SH   SOLE   378,185 0 0
Citrix Systems COM 177376100 1,873 27,873 SH   SOLE   27,873 0 0
ChevronTexaco Corp. COM 166764100 10,903 82,152 SH   SOLE   82,152 0 0
Du Pont (EI) De Nemours COM 263534109 7,122 103,177 SH   SOLE   103,177 0 0
Deere & Co. COM 244199105 3,409 35,128 SH   SOLE   35,128 0 0
D R Horton Inc COM 23331A109 3,554 149,849 SH   SOLE   149,849 0 0
Walt Disney Co. COM 254687106 11,104 136,791 SH   SOLE   136,791 0 0
Dow Chemical Co. COM 260543103 3,374 71,525 SH   SOLE   71,525 0 0
Estee Lauder Companies Class A CL A 518439104 3,307 41,325 SH   SOLE   41,325 0 0
EMC Corp. COM 268648102 3,100 116,005 SH   SOLE   116,005 0 0
Express Scripts Holding Co. COM 30219G108 3,485 46,692 SH   SOLE   46,692 0 0
Ford Motor Co. COM PAR 345370860 3,980 242,786 SH   SOLE   242,786 0 0
Facebook Inc. CL A 30303M102 1,465 25,225 SH   SOLE   25,225 0 0
Twenty-First Century Fox Inc CL A 90130A101 3,548 94,950 SH   SOLE   94,950 0 0
General Electric COM 369604103 12,909 433,449 SH   SOLE   433,449 0 0
Gilead Sciences Inc. COM 375558103 6,298 78,925 SH   SOLE   78,925 0 0
Google Inc. CL A 38259P508 10,001 8,399 SH   SOLE   8,399 0 0
Goldman Sachs Group Inc. COM 38141G104 4,049 21,500 SH   SOLE   21,500 0 0
Halliburton Co. COM 406216101 7,107 131,800 SH   SOLE   131,800 0 0
Home Depot COM 437076102 10,624 121,436 SH   SOLE   121,436 0 0
Honeywell International COM 438516106 8,332 85,822 SH   SOLE   85,822 0 0
Hewlett-Packard COM 428236103 3,638 122,375 SH   SOLE   122,375 0 0
Hershey Foods Corp. COM 427866108 2,237 21,650 SH   SOLE   21,650 0 0
Humana Inc. COM 444859102 2,994 27,300 SH   SOLE   27,300 0 0
International Business Machines COM 459200101 4,567 22,918 SH   SOLE   22,918 0 0
Intel Corp. COM 458140100 9,321 338,078 SH   SOLE   338,078 0 0
Johnson & Johnson COM 478160104 5,368 55,157 SH   SOLE   55,157 0 0
JP Morgan Chase & Company COM 46625H100 13,986 225,084 SH   SOLE   225,084 0 0
Coca Cola Co. COM 191216100 6,371 145,149 SH   SOLE   145,149 0 0
Eli Lilly & Co. COM 532457108 5,489 101,300 SH   SOLE   101,300 0 0
Lockheed Martin Inc. COM 539830109 9,026 57,147 SH   SOLE   57,147 0 0
Macy's Inc. COM 55616P104 4,556 80,300 SH   SOLE   80,300 0 0
McDonald's Corp. COM 580135101 7,472 72,480 SH   SOLE   72,480 0 0
Medtronic Inc. COM 585055106 7,405 121,446 SH   SOLE   121,446 0 0
Medivation COM 58501N101 203 3,000 SH   SOLE   3,000 0 0
MetLife Inc. COM 59156R108 2,507 43,765 SH   SOLE   43,765 0 0
Marsh & McLennan COM 571748102 3,806 74,075 SH   SOLE   74,075 0 0
Altria Group Inc. COM 02209S103 213 5,214 SH   SOLE   5,214 0 0
Merck & Co. Inc. COM 58933Y105 7,813 146,925 SH   SOLE   146,925 0 0
Morgan Stanley COM NEW 617446448 3,950 118,562 SH   SOLE   118,562 0 0
Microsoft Corp. COM 594918104 15,074 379,231 SH   SOLE   379,231 0 0
NextEra Energy Inc. COM 65339F101 6,586 72,400 SH   SOLE   72,400 0 0
Nike Inc. CL B 654106103 3,718 44,500 SH   SOLE   44,500 0 0
News Corp - Class A CL A 65249B109 1,350 70,531 SH   SOLE   70,531 0 0
Oracle Corp. COM 68389X105 5,005 123,129 SH   SOLE   123,129 0 0
Occidental Petroluem Corp. COM 674599105 3,347 33,125 SH   SOLE   33,125 0 0
PG&E Corp. COM 69331C108 2,162 50,523 SH   SOLE   50,523 0 0
PepsiCo Inc. COM 713448108 9,373 106,367 SH   SOLE   106,367 0 0
Pfizer Inc. COM 717081103 12,001 368,769 SH   SOLE   368,769 0 0
Procter & Gamble COM 742718109 4,691 54,229 SH   SOLE   54,229 0 0
Philip Morris International Inc COM 718172109 9,547 103,125 SH   SOLE   103,125 0 0
Prudential Financial Inc. COM 744320102 7,154 73,012 SH   SOLE   73,012 0 0
Praxair Inc. COM 74005P104 5,284 38,250 SH   SOLE   38,250 0 0
Qualcomm Inc. COM 747525103 9,604 121,732 SH   SOLE   121,732 0 0
Regeneron Pharmaceut COM 75886F107 1,864 6,375 SH   SOLE   6,375 0 0
Raytheon Company COM NEW 755111507 3,595 37,300 SH   SOLE   37,300 0 0
Safe Bulkers Inc. COM Y7388L103 497 45,000 SH   SOLE   45,000 0 0
Starbucks Corp. COM 855244109 4,387 52,666 SH   SOLE   52,666 0 0
Schlumberger Ltd. COM 806857108 4,765 49,772 SH   SOLE   49,772 0 0
Sandisk Corp COM 80004C101 1,516 20,225 SH   SOLE   20,225 0 0
Southern Co. COM 842587107 4,089 93,625 SH   SOLE   93,625 0 0
State Street Corp. COM 857477103 232 2,974 SH   SOLE   2,974 0 0
AT&T Inc. COM 00206R102 7,857 210,325 SH   SOLE   210,325 0 0
T-Mobile US Inc. COM 872590104 2,379 66,549 SH   SOLE   66,549 0 0
The Travelers Companies Inc. COM 89417E109 3,432 35,675 SH   SOLE   35,675 0 0
Time Warner Cable Inc COM 88732J207 8,814 61,224 SH   SOLE   61,224 0 0
United Health Group Inc. COM 91324P102 3,874 48,425 SH   SOLE   48,425 0 0
Unum Group COM 91529Y106 3,070 82,358 SH   SOLE   82,358 0 0
United Parcel Service Class B CL B 911312106 9,532 85,374 SH   SOLE   85,374 0 0
US Bancorp Inc. COM NEW 902973304 315 7,328 SH   SOLE   7,328 0 0
United Technologies Corp. COM 913017109 336 2,775 SH   SOLE   2,775 0 0
Visa Inc-Class A CL A 92826C839 3,567 15,075 SH   SOLE   15,075 0 0
Viacom Inc. Class B CL B 92553P201 297 3,199 SH   SOLE   3,199 0 0
Valero Energy COM 91913Y100 3,670 68,527 SH   SOLE   68,527 0 0
Verizon Communications COM 92343V104 5,210 99,789 SH   SOLE   99,789 0 0
Walgreen Co. COM 931422109 8,839 144,825 SH   SOLE   144,825 0 0
Wells Fargo & Company COM 949746101 611 12,663 SH   SOLE   12,663 0 0
Exxon Mobil Corp. COM 30231G102 9,563 88,936 SH   SOLE   88,936 0 0