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
ALPHABET INC- CL C COM 02079K107 91 100 SH   SOLE   100 0 0
ALPHABET INC-CL A COM 02079K305 93 100 SH   SOLE   100 0 0
ALTRIA GROUP COM 02209S103 31,663 425,184 SH   SOLE   425,184 0 0
AMEREN COM 023608102 284 5,200 SH   SOLE   5,200 0 0
AMERICAN ELECTRIC POWER COM 025537101 14,095 202,900 SH   SOLE   202,900 0 0
AMERIGAS PARTNERS-LP COM 030975106 51 1,120 SH   SOLE   1,120 0 0
AMGEN COM 031162100 14,441 83,850 SH   SOLE   83,850 0 0
ANHEUSER-BUSCH INBEV-SPN COM 03524A108 8,409 76,200 SH   SOLE   76,200 0 0
APPLE COM 037833100 202 1,400 SH   SOLE   1,400 0 0
ARTHUR J GALLAGHER & CO COM 363576109 10,339 180,600 SH   SOLE   180,600 0 0
AT&T COM 00206R102 10,987 291,200 SH   SOLE   291,200 0 0
BANK OF HAWAII COM 062540109 13,366 161,100 SH   SOLE   161,100 0 0
BB&T CORPORATION COM 054937107 9,713 213,900 SH   SOLE   213,900 0 0
BCE INC COM 05534B760 8,940 198,500 SH   SOLE   198,500 0 0
BERKSHIRE HATHAWAY COM 084670108 255 1 SH   SOLE   1 0 0
BERKSHIRE HATHAWAY-CL B COM 084670702 84 496 SH   SOLE   496 0 0
BOEING COM 097023105 14,495 73,300 SH   SOLE   73,300 0 0
BP ADR COM 055622104 16 459 SH   SOLE   459 0 0
CAPITAL ONE FINL COM 14040H105 163 1,969 SH   SOLE   1,969 0 0
CHARLES SCHWAB COM 808513105 113 2,633 SH   SOLE   2,633 0 0
CHEVRON COM 166764100 16,218 155,450 SH   SOLE   155,450 0 0
CHICAGO MERCANTILE EXCHANGE COM 12572Q105 18,035 144,000 SH   SOLE   144,000 0 0
CISCO SYSTEMS COM 17275R102 27,187 868,600 SH   SOLE   868,600 0 0
COCA-COLA COM 191216100 17,702 394,700 SH   SOLE   394,700 0 0
COLGATE-PALMOLIVE COM 194162103 44 600 SH   SOLE   600 0 0
CONOCOPHILLIPS COM 20825C104 13 300 SH   SOLE   300 0 0
CONSOLIDATED EDISON COM 209115104 14,944 184,900 SH   SOLE   184,900 0 0
CORESITE REALTY CORP COM 21870Q105 404 3,900 SH   SOLE   3,900 0 0
COSTCO WHOLESALE COM 22160K105 9,548 59,700 SH   SOLE   59,700 0 0
CROWN CASTLE INTL CORP COM 22822V101 9,377 93,600 SH   SOLE   93,600 0 0
CSX COM 126408103 82 1,500 SH   SOLE   1,500 0 0
DANAHER COM 235851102 51 600 SH   SOLE   600 0 0
DEERE & CO COM 244199105 62 500 SH   SOLE   500 0 0
DEVON ENERGY COM 25179M103 26 800 SH   SOLE   800 0 0
DIGITAL REALTY REIT COM 253868103 12,944 114,600 SH   SOLE   114,600 0 0
DOW CHEMICAL COM 260543103 12,545 198,900 SH   SOLE   198,900 0 0
DUKE ENERGY COM 26441C204 9,136 109,300 SH   SOLE   109,300 0 0
ECOLAB COM 278865100 119 900 SH   SOLE   900 0 0
EMERSON ELECTRIC COM 291011104 10,439 175,100 SH   SOLE   175,100 0 0
ENERGY TRANSFER PARTNERS LP COM 29278N103 76 3,710 SH   SOLE   3,710 0 0
ENTERPRISE PRODUCTS PARTNERS COM 293792107 18,758 692,700 SH   SOLE   692,700 0 0
EXXON MOBIL COM 30231G102 14,261 176,656 SH   SOLE   176,656 0 0
FORD MOTOR COM 345370860 7,889 705,000 SH   SOLE   705,000 0 0
FORTIVE CORP COM 34959J108 19 300 SH   SOLE   300 0 0
GENERAL ELECTRIC COM 369604103 3,149 116,602 SH   SOLE   116,602 0 0
GENERAL MILLS COM 370334104 10,886 196,500 SH   SOLE   196,500 0 0
GIGAMON INC COM 37518B102 50 1,270 SH   SOLE   1,270 0 0
GILEAD SCIENCES COM 375558103 99 1,400 SH   SOLE   1,400 0 0
ILLINOIS TOOL WORKS COM 452308109 57 400 SH   SOLE   400 0 0
INTEL COM 458140100 19,033 564,100 SH   SOLE   564,100 0 0
INTL BUSINESS MACHINES COM 459200101 22,228 144,500 SH   SOLE   144,500 0 0
INVESCO COM G491BT108 10,557 300,000 SH   SOLE   300,000 0 0
ISHA CURR HEDGED MSCI EAFE COM 46434V803 188 6,600 SH   SOLE   6,600 0 0
ISHARES 10-20 YEAR TREASURY COM 464288653 1,898 13,914 SH   SOLE   13,914 0 0
ISHARES BARCLAYS INTERMEDIATE COM 464288638 246 2,250 SH   SOLE   2,250 0 0
ISHARES MSCI EMERGING MARKETS COM 464287234 37 900 SH   SOLE   900 0 0
ISHARES RUSSELL 1000 GROWTH COM 464287614 119 1,000 SH   SOLE   1,000 0 0
ISHARES SELECT DIVIDEND ETF COM 464287168 138 1,500 SH   SOLE   1,500 0 0
ITT COM 45073V108 16 400 SH   SOLE   400 0 0
JACOBS ENGINEERING COM 469814107 38 700 SH   SOLE   700 0 0
JOHNSON & JOHNSON COM 478160104 21,656 163,700 SH   SOLE   163,700 0 0
JPMORGAN CHASE COM 46625H100 31,644 346,217 SH   SOLE   346,217 0 0
KIMBERLY-CLARK COM 494368103 16,836 130,400 SH   SOLE   130,400 0 0
KRAFT HEINZ CO COM 500754106 20,177 235,600 SH   SOLE   235,600 0 0
L-3 TECHNOLOGIES COM 502413107 50 300 SH   SOLE   300 0 0
LAS VEGAS SANDS COM 517834107 16,490 258,100 SH   SOLE   258,100 0 0
LOCKHEED MARTIN COM 539830109 31,231 112,500 SH   SOLE   112,500 0 0
LYONDELLBASELL INDUSTRIES-CL A COM N53745100 1,705 20,200 SH   SOLE   20,200 0 0
MAGELLAN MIDSTREAM PARTNERS COM 559080106 1,304 18,300 SH   SOLE   18,300 0 0
MARATHON PETROLEUM COM 56585A102 14,249 272,300 SH   SOLE   272,300 0 0
MATTEL COM 577081102 84 3,900 SH   SOLE   3,900 0 0
MAXIM INTEGRATED PRODUCTS COM 57772K101 19,877 442,700 SH   SOLE   442,700 0 0
MCDONALD'S COM 580135101 24,843 162,200 SH   SOLE   162,200 0 0
MERCK & CO COM 58933Y105 26,796 418,100 SH   SOLE   418,100 0 0
MICROCHIP TECHNOLOGY COM 595017104 13,530 175,300 SH   SOLE   175,300 0 0
MICROSOFT COM 594918104 23,553 341,700 SH   SOLE   341,700 0 0
MONSANTO COM 61166W101 24 200 SH   SOLE   200 0 0
MPLX LP COM 55336V100 44 1,308 SH   SOLE   1,308 0 0
NIKE-B COM 654106103 118 2,000 SH   SOLE   2,000 0 0
NOVARTIS-ADR COM 66987V109 73 876 SH   SOLE   876 0 0
OCCIDENTAL PETROLEUM COM 674599105 9,112 152,200 SH   SOLE   152,200 0 0
ONEOK PARTNERS COM 68268N103 9,576 187,500 SH   SOLE   187,500 0 0
ORACLE COM 68389X105 75 1,500 SH   SOLE   1,500 0 0
PAYCHEX COM 704326107 19,348 339,800 SH   SOLE   339,800 0 0
PEPSICO COM 713448108 173 1,500 SH   SOLE   1,500 0 0
PFIZER COM 717081103 18,652 555,290 SH   SOLE   555,290 0 0
PHILIP MORRIS COM 718172109 13,401 114,100 SH   SOLE   114,100 0 0
PHILLIPS 66 COM 718546104 11,295 136,600 SH   SOLE   136,600 0 0
PROCTER & GAMBLE COM 742718109 8,847 101,516 SH   SOLE   101,516 0 0
PROLOGIS COM 74340W103 10,520 179,400 SH   SOLE   179,400 0 0
PUBLIC STORAGE COM 74460D109 19,560 93,800 SH   SOLE   93,800 0 0
QUALCOMM COM 747525103 16,273 294,700 SH   SOLE   294,700 0 0
REGAL ENTERTAINMENT GROUP-A COM 758766109 12,753 623,300 SH   SOLE   623,300 0 0
REYNOLDS AMERICAN COM 761713106 26,261 403,771 SH   SOLE   403,771 0 0
S&P 500 DEPOSITARY RECEIPTS COM 78462F103 476 1,970 SH   SOLE   1,970 0 0
SIMON PROPERTY GROUP COM 828806109 495 3,060 SH   SOLE   3,060 0 0
SIX FLAGS ENTERTAINMENT COM 83001A102 22,056 370,000 SH   SOLE   370,000 0 0
SPDR EURO STOXX 50 ETF COM 78463X202 2,035 52,890 SH   SOLE   52,890 0 0
SPECTRA ENERGY PARTNERS COM 84756N109 10,476 244,200 SH   SOLE   244,200 0 0
STERICYCLE COM 858912108 92 1,200 SH   SOLE   1,200 0 0
TARGET COM 87612E106 13,533 258,800 SH   SOLE   258,800 0 0
THERMO FISHER SCIENTIFIC COM 883556102 122 700 SH   SOLE   700 0 0
TLT US 07/21/17 P120 PUT 464287432 86,333 6,900 SH Put SOLE   6,900 0 0
TLT US 07/28/17 P119 PUT 464287432 64,224 5,133 SH Put SOLE   5,133 0 0
UNITED PARCEL SERVICE COM 911312106 11,457 103,600 SH   SOLE   103,600 0 0
VERIZON COMMUNICATIONS COM 92343V104 13,505 302,400 SH   SOLE   302,400 0 0
WAL-MART STORES COM 931142103 10,710 141,520 SH   SOLE   141,520 0 0
WASTE MANAGEMENT COM 94106L109 16,562 225,800 SH   SOLE   225,800 0 0
WELLS FARGO COM 949746101 23,782 429,200 SH   SOLE   429,200 0 0
WILLIAMS PARTNERS COM 96949L105 9,394 234,200 SH   SOLE   234,200 0 0
YUM! BRANDS COM 988498101 11,942 161,900 SH   SOLE   161,900 0 0