Clifford Swan Investment Counsel 13F-HR Quarterly holdings report by institutional manager

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

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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
First Trust Low Duration Oppor	ETF	33739q200	2,290	44,857	SH		SOLE		36,732	0	8,125
Flaherty & Crumrine Preferred	ETF	33848E106	132	12,500	SH		SOLE		12,500	0	0
iShares iBoxx $ Inv Grade Corp	ETF	464287242	287	2,545	SH		SOLE		1,595	0	950
iShares S&P U.S. Preferred Sto	ETF	464288687	678	19,798	SH		SOLE		1,985	0	17,813
IShares Short-Term Corp Bond E	ETF	464288646	387	7,490	SH		SOLE		4,550	0	2,940
Nuveen Preferred & Income Secu	ETF	67072C105	177	21,381	SH		SOLE		21,381	0	0
PIMCO Enhanced Short Maturity	ETF	72201R833	3,637	36,025	SH		SOLE		32,975	0	3,050
PIMCO High Income Fund	ETF	722014107	356	44,500	SH		SOLE		44,500	0	0
Schwab U.S. TIPS ETF	ETF	808524870	736	13,818	SH		SOLE		13,818	0	0
SPDR DoubleLine Total Return T	ETF	78467v848	2,819	59,500	SH		SOLE		41,000	0	18,500
SPDR Wells Fargo Preferred Sto	ETF	78464a292	234	5,913	SH		SOLE		0	0	5,913
Vanguard Int Term Corp Bond ET	ETF	92206C870	250	3,015	SH		SOLE		1,540	0	1,475
Vanguard Short Term Bond ETF	ETF	921937827	561	7,139	SH		SOLE		5,094	0	2,045
Vanguard Short Term Corp Bond	ETF	92206C409	8,126	104,254	SH		SOLE		70,312	0	33,942
Western Asset High Income Oppo	ETF	95766K109	107	24,395	SH		SOLE		24,395	0	0
Western Asset Income Fund	ETF	95766T100	1,262	95,609	SH		SOLE		78,709	0	16,900
iShares MSCI EAFE Growth Index	ETF	464288885	204	2,951	SH		SOLE		2,951	0	0
iShares MSCI EAFE Index Fund	ETF	464287465	709	12,066	SH		SOLE		11,233	0	833
iShares MSCI Emerging Markets	ETF	464287234	1,107	28,351	SH		SOLE		27,092	0	1,259
Vanguard FTSE All World ex US	ETF	922042775	354	7,775	SH		SOLE		6,375	0	1,400
Vanguard FTSE Emerging Markets	ETF	922042858	264	6,928	SH		SOLE		6,928	0	0
Vanguard MSCI EAFE ETF	ETF	921943858	1,292	34,837	SH		SOLE		34,837	0	0
Health Care Select Sector SPDR	ETF	81369Y209	457	5,284	SH		SOLE		5,284	0	0
iShares Core S&P 500 ETF	ETF	464287200	1,716	6,819	SH		SOLE		6,819	0	0
iShares Core S&P Mid-Cap ETF	ETF	464287507	1,026	6,180	SH		SOLE		6,085	0	95
iShares Core S&P Small-Cap ETF	ETF	464287804	1,527	22,032	SH		SOLE		21,818	0	214
iShares DJ Select Dividend Ind	ETF	464287168	403	4,511	SH		SOLE		4,211	0	300
iShares DJ U.S. Technology Sec	ETF	464287721	800	5,000	SH		SOLE		5,000	0	0
iShares DJ US Housing	ETF	464288752	506	16,850	SH		SOLE		16,850	0	0
iShares North American Tech	ETF	464287549	489	2,850	SH		SOLE		2,600	0	250
iShares Russell 2000 Index	ETF	464287655	2,249	16,793	SH		SOLE		16,183	0	610
iShares Tr Index Fd Russell 10	ETF	464287622	276	1,991	SH		SOLE		1,906	0	85
iShares Tr S&P 100	ETF	464287101	270	2,425	SH		SOLE		2,425	0	0
Kayne Anderson MLP Inv Com	ETF	486606106	340	24,700	SH		SOLE		24,700	0	0
PowerShares QQQ Trust Ser 1	ETF	46090e103	907	5,883	SH		SOLE		5,478	0	405
Schwab US Large-Cap Growth ETF	ETF	808524300	252	3,660	SH		SOLE		2,495	0	1,165
Select Sector SPDR Technology	ETF	81369Y803	2,245	36,215	SH		SOLE		36,215	0	0
Select Sector SPDR Utilities	ETF	81369Y886	312	5,900	SH		SOLE		5,900	0	0
SPDR Dow Jones Industrial Avg	ETF	78467X109	309	1,325	SH		SOLE		725	0	600
SPDR S&P 500 ETF	ETF	78462F103	12,628	50,527	SH		SOLE		49,347	0	1,180
SPDR S&P Dividend ETF	ETF	78464A763	398	4,448	SH		SOLE		3,348	0	1,100
SPDR S&P MidCap 400 ETF	ETF	78467Y107	624	2,063	SH		SOLE		1,933	0	130
Vanguard High Dividend Yield I	ETF	921946406	285	3,660	SH		SOLE		3,660	0	0
Vanguard Mid-Cap ETF	ETF	922908629	208	1,505	SH		SOLE		1,505	0	0
Vanguard REIT ETF	ETF	922908553	270	3,616	SH		SOLE		3,506	0	110
Vanguard S&P 500 ETF	ETF	922908363	239	1,038	SH		SOLE		1,038	0	0
Vanguard Small Cap ETF	ETF	922908751	868	6,574	SH		SOLE		6,574	0	0
Vanguard Total Stock Market ET	ETF	922908769	419	3,286	SH		SOLE		3,286	0	0
Vanguard World Fds Inf Tech ET	ETF	92204A702	500	3,000	SH		SOLE		3,000	0	0
21st Century Fox Class A	COM	90130a101	965	20,058	SH		SOLE		20,058	0	0
3M Company	COM	88579Y101	13,179	69,165	SH		SOLE		53,365	0	15,800
Abbott Labs	COM	002824100	22,738	314,361	SH		SOLE		275,961	0	38,400
AbbVie Inc.	COM	00287Y109	16,222	175,966	SH		SOLE		158,825	0	17,141
Accenture PLC	COM	G1151C101	32,488	230,398	SH		SOLE		208,306	0	22,092
Adobe Systems	COM	00724F101	459	2,029	SH		SOLE		1,829	0	200
Agilent Technologies Inc.	COM	00846U101	14,924	221,223	SH		SOLE		219,001	0	2,222
Akamai Technologies Inc.	COM	00971T101	4,079	66,785	SH		SOLE		51,735	0	15,050
Albemarle Corp.	COM	012653101	11,243	145,875	SH		SOLE		143,760	0	2,115
Alibaba Group Holding - SP ADR	COM	01609w102	653	4,763	SH		SOLE		4,760	0	3
Allegion Plc	COM	G0176J109	225	2,825	SH		SOLE		2,142	0	683
Allergan Inc	COM	G0177J108	6,135	45,898	SH		SOLE		37,660	0	8,238
Allstate Corp.	COM	020002101	318	3,844	SH		SOLE		3,844	0	0
Alphabet Inc Class A	COM	02079K305	19,185	18,360	SH		SOLE		17,421	0	939
Alphabet Inc Class C	COM	02079K107	8,110	7,831	SH		SOLE		6,995	0	836
Altria Group, Inc.	COM	02209S103	6,698	135,621	SH		SOLE		96,132	0	39,489
Amazon Com Inc	COM	023135106	11,410	7,597	SH		SOLE		7,350	0	247
America Movil S.A. de C.V. Ser	COM	02364W105	214	15,010	SH		SOLE		15,010	0	0
American Elec Pwr Inc.	COM	025537101	314	4,202	SH		SOLE		2,576	0	1,626
American Express Co.	COM	025816109	6,437	67,533	SH		SOLE		59,858	0	7,675
American Wtr Wks Inc.	COM	030420103	862	9,501	SH		SOLE		380	0	9,121
Ameriprise Financial, Inc.	COM	03076C106	274	2,622	SH		SOLE		2,322	0	300
Amgen, Inc.	COM	031162100	11,365	58,383	SH		SOLE		45,318	0	13,065
ANSYS, Inc.	COM	03662Q105	207	1,450	SH		SOLE		1,450	0	0
Apache Corp	COM	037411105	2,421	92,233	SH		SOLE		81,251	0	10,982
Apple Inc.	COM	037833100	50,403	319,533	SH		SOLE		288,978	0	30,555
Aptevo Therapeutics Inc.	COM	03835L108	35	27,200	SH		SOLE		27,200	0	0
Arrowhead Pharmaceuticals Inc	COM	04280a100	514	41,408	SH		SOLE		41,408	0	0
Arthur J. Gallagher & Co.	COM	363576109	309	4,197	SH		SOLE		1,547	0	2,650
Astrazeneca PLC - Spons ADR	COM	046353108	457	12,029	SH		SOLE		6,183	0	5,846
AT&T Inc.	COM	00206R102	6,787	237,823	SH		SOLE		214,183	0	23,640
Automatic Data Proc.	COM	053015103	9,067	69,152	SH		SOLE		52,754	0	16,398
Bank of America Corp	COM	060505104	1,828	74,178	SH		SOLE		73,668	0	510
Bank of New York Mellon Corp.	COM	064058100	18,277	388,296	SH		SOLE		359,746	0	28,549
Baxter International Inc	COM	071813109	919	13,957	SH		SOLE		12,947	0	1,010
Becton Dickinson & Co.	COM	075887109	4,719	20,944	SH		SOLE		14,344	0	6,600
Bed Bath & Beyond	COM	075896100	145	12,800	SH		SOLE		12,800	0	0
Berkshire Hathaway (100=1 Clas	COM	084990175	1,530	500	SH		SOLE		500	0	0
Berkshire Hathaway A	COM	084670108	6,120	20	SH		SOLE		17	0	3
Berkshire Hathaway B	COM	084670702	48,131	235,726	SH		SOLE		210,593	0	25,133
BlockRock Capital Investment C	COM	092533108	277	52,400	SH		SOLE		0	0	52,400
Boeing Co.	COM	097023105	27,897	86,501	SH		SOLE		81,121	0	5,380
BP PLC - Spons ADR	COM	055622104	6,941	183,049	SH		SOLE		144,292	0	38,757
Bristol-Myers Squibb Co.	COM	110122108	23,713	456,193	SH		SOLE		399,309	0	56,885
British American Tobacco PLC A	COM	110448107	262	8,238	SH		SOLE		838	0	7,400
Broadcom Ltd. Ordinary	COM	11135f101	476	1,870	SH		SOLE		1,750	0	120
Campbell Soup Co.	COM	134429109	306	9,263	SH		SOLE		9,263	0	0
Carmax, Inc.	COM	143130102	865	13,791	SH		SOLE		9,416	0	4,375
Casey's General Stores	COM	147528103	1,422	11,100	SH		SOLE		9,650	0	1,450
Caterpillar Inc.	COM	149123101	7,015	55,207	SH		SOLE		48,350	0	6,857
Cathay Intl Hld	COM	G1965E103	2	19,000	SH		SOLE		19,000	0	0
CDK Global Inc.	COM	12508e101	233	4,870	SH		SOLE		2,918	0	1,952
Cerner	COM	156782104	7,308	139,361	SH		SOLE		111,256	0	28,105
Chevron Corp.	COM	166764100	27,396	251,828	SH		SOLE		213,644	0	38,183
Chubb LTD	COM	H1467J104	235	1,821	SH		SOLE		1,744	0	77
Cigna Corp.	COM	125523100	279	1,471	SH		SOLE		1,452	0	19
Cisco Systems, Inc.	COM	17275R102	18,746	432,623	SH		SOLE		384,642	0	47,981
Clorox Company	COM	189054109	2,671	17,329	SH		SOLE		12,460	0	4,869
CME Group Inc.	COM	12572Q105	595	3,161	SH		SOLE		300	0	2,861
Coca-Cola Company	COM	191216100	4,636	97,917	SH		SOLE		91,625	0	6,292
Colgate-Palmolive Co.	COM	194162103	19,333	324,807	SH		SOLE		300,602	0	24,205
Comcast Corp. Class A	COM	20030N101	568	16,693	SH		SOLE		15,269	0	1,424
Conagra Inc.	COM	205887102	561	26,266	SH		SOLE		26,266	0	0
ConocoPhillips	COM	20825C104	12,331	197,774	SH		SOLE		184,948	0	12,827
Consolidated Edison Inc.	COM	209115104	1,552	20,300	SH		SOLE		17,900	0	2,400
Corning Inc.	COM	219350105	270	8,938	SH		SOLE		8,938	0	0
Costco Wholesale Corp.	COM	22160K105	38,011	186,592	SH		SOLE		167,430	0	19,162
CSX Corporation	COM	126408103	797	12,829	SH		SOLE		12,829	0	0
Cummins Inc	COM	231021106	2,794	20,906	SH		SOLE		8,167	0	12,739
CVB Financial	COM	126600105	592	29,281	SH		SOLE		29,281	0	0
CVS Health Corp.	COM	126650100	783	11,947	SH		SOLE		10,347	0	1,600
Danaher Corp.	COM	235851102	531	5,149	SH		SOLE		5,014	0	135
DCP Midstream, LP	COM	23311p100	566	21,383	SH		SOLE		786	0	20,597
Deere & Co.	COM	244199105	1,208	8,099	SH		SOLE		7,699	0	400
Discovery Inc.	COM	25470F302	13,181	571,106	SH		SOLE		485,038	0	86,068
Dominion Resources Inc.	COM	25746U109	421	5,895	SH		SOLE		5,895	0	0
DowDuPont Inc.	COM	26078j100	8,323	155,634	SH		SOLE		123,023	0	32,611
DTE Energy Company	COM	233331107	323	2,932	SH		SOLE		2,932	0	0
Duke Energy Corp. New	COM	26441C204	700	8,106	SH		SOLE		2,754	0	5,352
Duke Realty Corp	COM	264411505	431	16,622	SH		SOLE		3,100	0	13,522
DXC Technology Co	COM	23355L106	5,826	109,578	SH		SOLE		108,149	0	1,429
Eaton Corp. PLC	COM	G29183103	738	10,755	SH		SOLE		10,755	0	0
eBay Inc.	COM	278642103	6,821	243,011	SH		SOLE		197,590	0	45,421
Ecolab, Inc.	COM	278865100	2,014	13,665	SH		SOLE		12,740	0	925
Edgewell Personal Care Co	COM	28035Q102	7,350	196,787	SH		SOLE		196,787	0	0
Edison International	COM	281020107	437	7,705	SH		SOLE		7,705	0	0
Edwards Lifesciences Corp.	COM	28176E108	17,342	113,221	SH		SOLE		110,006	0	3,215
Electronic Arts	COM	285512109	247	3,125	SH		SOLE		3,125	0	0
Emerson Electric Co.	COM	291011104	20,318	340,054	SH		SOLE		275,036	0	65,018
Enbridge Inc.	COM	29250N105	393	12,650	SH		SOLE		8,300	0	4,350
Energizer Holdings Inc New	COM	29272W109	9,432	208,906	SH		SOLE		208,906	0	0
Energy Transfer LP	COM	29273v100	381	28,839	SH		SOLE		8,684	0	20,155
Enterprise Products Partners L	COM	293792107	1,474	59,945	SH		SOLE		20,031	0	39,914
Equity Residential	COM	29476L107	426	6,450	SH		SOLE		4,450	0	2,000
Essex Property Trust	COM	297178105	2,748	11,207	SH		SOLE		9,476	0	1,731
Eversource Energy	COM	30040w108	296	4,555	SH		SOLE		1,705	0	2,850
Exelon Corp	COM	30161N101	232	5,138	SH		SOLE		5,138	0	0
Expeditors Int'l Of Washington	COM	302130109	1,123	16,488	SH		SOLE		15,063	0	1,425
ExxonMobil Corporation	COM	30231G102	32,607	478,172	SH		SOLE		408,496	0	69,676
Facebook Inc	COM	30303M102	1,125	8,582	SH		SOLE		8,257	0	325
Farmers and Merchants Bank	COM	308243104	408	53	SH		SOLE		43	0	10
Fastenal Co.	COM	311900104	14,867	284,323	SH		SOLE		253,243	0	31,080
Flex Ltd.	COM	Y2573F102	765	100,502	SH		SOLE		86,723	0	13,779
Ford Motor Co.	COM	345370860	131	17,147	SH		SOLE		6,625	0	10,522
Franklin Resources Inc	COM	354613101	6,300	212,402	SH		SOLE		173,234	0	39,168
Gap Inc. Del	COM	364760108	2,249	87,290	SH		SOLE		72,490	0	14,800
GC International, Inc.	COM	361559107	10	77,500	SH		SOLE		77,500	0	0
General Electric	COM	369604103	9,872	1,304,091	SH		SOLE		1,100,708	0	203,383
General Mills Inc.	COM	370334104	3,568	91,617	SH		SOLE		63,941	0	27,676
Genuine Parts Co.	COM	372460105	384	4,000	SH		SOLE		4,000	0	0
Gilead Sciences Inc	COM	375558103	7,312	116,893	SH		SOLE		94,150	0	22,743
Goldman Sachs Group Inc.	COM	38141G104	3,363	20,133	SH		SOLE		18,883	0	1,250
Grainger Inc., W.W.	COM	384802104	310	1,098	SH		SOLE		478	0	620
Hewlett Packard Enterprise Co	COM	42824C109	16,453	1,245,471	SH		SOLE		1,231,127	0	14,344
Home Depot, Inc.	COM	437076102	8,259	48,070	SH		SOLE		38,058	0	10,012
Honeywell Int'l Inc.	COM	438516106	11,797	89,288	SH		SOLE		88,388	0	900
HP Inc.	COM	40434L105	24,827	1,213,418	SH		SOLE		1,201,934	0	11,484
ICON Public Limited Company	COM	G4705A100	304	2,349	SH		SOLE		2,349	0	0
Illinois Tool Works Inc.	COM	452308109	5,447	42,995	SH		SOLE		38,085	0	4,910
Ingersoll-Rand PLC	COM	G47791101	1,448	15,873	SH		SOLE		13,183	0	2,690
Intel Corp.	COM	458140100	27,905	594,612	SH		SOLE		539,333	0	55,280
Intercontinental Exchange	COM	45866f104	272	3,610	SH		SOLE		3,610	0	0
International Bus Mach	COM	459200101	14,886	130,954	SH		SOLE		104,845	0	26,110
Intuit Inc.	COM	461202103	11,650	59,182	SH		SOLE		51,455	0	7,727
Intuitive Surgical Inc.	COM	46120E602	455	951	SH		SOLE		951	0	0
Jacobs Engineering Group Inc.	COM	469814107	5,541	94,782	SH		SOLE		85,681	0	9,101
Johnson & Johnson	COM	478160104	39,503	306,108	SH		SOLE		259,784	0	46,324
Johnson Controls International	COM	G51502105	9,268	312,567	SH		SOLE		251,920	0	60,646
JPMorgan Chase & Co.	COM	46625H100	22,100	226,392	SH		SOLE		189,021	0	37,371
Kellogg Co.	COM	487836108	891	15,630	SH		SOLE		2,550	0	13,080
Keysight Technologies, Inc.	COM	49338L103	6,163	99,279	SH		SOLE		98,635	0	644
Kimberly-Clark Corp.	COM	494368103	1,437	12,616	SH		SOLE		12,298	0	318
Kraft Heinz Co Com	COM	500754106	1,451	33,710	SH		SOLE		28,064	0	5,646
Kroger Co.	COM	501044101	323	11,763	SH		SOLE		10,909	0	854
Laboratory Corp. of America	COM	50540R409	2,931	23,197	SH		SOLE		21,847	0	1,350
Lamb Weston Holdings, Inc	COM	513272104	637	8,665	SH		SOLE		8,665	0	0
Las Vegas Sands	COM	517834107	693	13,315	SH		SOLE		7,725	0	5,590
Life Storage Inc.	COM	53223X107	293	3,150	SH		SOLE		3,150	0	0
Lilly Eli & Co.	COM	532457108	789	6,820	SH		SOLE		2,755	0	4,065
Lincoln National Corp.	COM	534187109	466	9,074	SH		SOLE		8,781	0	293
Lockheed Martin Corp.	COM	539830109	4,283	16,359	SH		SOLE		16,359	0	0
Lowe's Companies	COM	548661107	27,778	300,759	SH		SOLE		266,504	0	34,255
Magellan Midstream Partners	COM	559080106	1,935	33,904	SH		SOLE		27,704	0	6,200
Marriott Int'l, Inc.	COM	571903202	230	2,122	SH		SOLE		2,122	0	0
Marsh & McLennan Companies	COM	571748102	1,405	17,622	SH		SOLE		3,365	0	14,257
Mastercard Inc-Cl A	COM	57636Q104	213	1,130	SH		SOLE		1,130	0	0
McCormick & Co	COM	579780206	627	4,500	SH		SOLE		4,500	0	0
McDonald's Corp.	COM	580135101	19,405	109,279	SH		SOLE		90,797	0	18,482
McKesson Corp.	COM	58155Q103	7,679	69,515	SH		SOLE		61,211	0	8,304
Medtronic Plc.	COM	g5960l103	1,603	17,627	SH		SOLE		14,662	0	2,965
Merck & Co., Inc. New	COM	58933Y105	6,965	91,151	SH		SOLE		80,276	0	10,875
Mercury General Ins	COM	589400100	380	7,350	SH		SOLE		6,850	0	500
Meredith Corp.	COM	589433101	710	13,675	SH		SOLE		2,400	0	11,275
Micro Focus International PLC	COM	594837304	1,437	83,517	SH		SOLE		82,869	0	648
Microsoft Corp.	COM	594918104	41,746	411,005	SH		SOLE		336,776	0	74,229
Minerals Technologies Inc.	COM	603158106	569	11,077	SH		SOLE		9,977	0	1,100
Mondelez International	COM	609207105	10,046	250,954	SH		SOLE		212,098	0	38,855
Monster Beverage Corp.	COM	611740101	227	4,603	SH		SOLE		4,603	0	0
Moody's Corporation	COM	615369105	573	4,095	SH		SOLE		4,095	0	0
MSA Safety Inc.	COM	553498106	259	2,743	SH		SOLE		2,743	0	0
Nestle Sponsored ADR	COM	641069406	1,029	12,716	SH		SOLE		10,546	0	2,170
Netapp, Inc	COM	64110D104	2,852	47,800	SH		SOLE		47,600	0	200
Netflix	COM	64110L106	223	835	SH		SOLE		835	0	0
NewMarket Corp	COM	651587107	3,297	8,000	SH		SOLE		8,000	0	0
NextEra Energy Inc.	COM	65339F101	1,503	8,644	SH		SOLE		8,644	0	0
Nike, Inc.	COM	654106103	17,379	234,404	SH		SOLE		181,324	0	53,080
Nordstrom Inc.	COM	655664100	6,977	149,697	SH		SOLE		134,282	0	15,415
Norfolk Southern Corp.	COM	655844108	1,122	7,501	SH		SOLE		5,200	0	2,301
Northrop Grumman Corp.	COM	666807102	6,078	24,818	SH		SOLE		24,818	0	0
Novartis AG ADS	COM	66987V109	11,401	132,865	SH		SOLE		121,391	0	11,474
Novo Nordisk ADR	COM	670100205	8,025	174,186	SH		SOLE		157,976	0	16,210
Nucor Corp.	COM	670346105	1,846	35,624	SH		SOLE		31,928	0	3,696
Oaktree Capital Group LLC	COM	674001201	366	9,200	SH		SOLE		0	0	9,200
Occidental Petroleum	COM	674599105	1,062	17,310	SH		SOLE		17,310	0	0
Old Republic International Cor	COM	680223104	263	12,781	SH		SOLE		0	0	12,781
Oneok Inc	COM	682680103	2,663	49,367	SH		SOLE		43,212	0	6,155
Oracle Systems	COM	68389X105	20,625	456,803	SH		SOLE		422,982	0	33,821
Parker Hannifin Corp.	COM	701094104	4,029	27,017	SH		SOLE		5,375	0	21,642
Paychex Inc	COM	704326107	429	6,580	SH		SOLE		3,550	0	3,030
Paypal Hldgs Inc Com	COM	70450Y103	23,784	282,836	SH		SOLE		253,246	0	29,590
PepsiCo Inc.	COM	713448108	15,503	140,328	SH		SOLE		112,150	0	28,178
Perspecta Inc.	COM	715347100	898	52,131	SH		SOLE		51,608	0	523
Pfizer, Inc.	COM	717081103	20,338	465,942	SH		SOLE		413,605	0	52,337
Philip Morris Intl	COM	718172109	8,660	129,715	SH		SOLE		103,534	0	26,181
Phillips 66	COM	718546104	1,779	20,645	SH		SOLE		16,765	0	3,880
Plains All American Pipeline L	COM	726503105	1,344	67,055	SH		SOLE		40,791	0	26,264
Polaris Industries Inc.	COM	731068102	297	3,870	SH		SOLE		100	0	3,770
Post Holdings, Inc.	COM	737446104	3,279	36,786	SH		SOLE		28,786	0	8,000
PPG Industries, Inc.	COM	693506107	628	6,147	SH		SOLE		4,815	0	1,332
Procter & Gamble Co.	COM	742718109	24,474	266,256	SH		SOLE		219,682	0	46,574
Profile technologies - NO No	COM	743164105	0	13,500	SH		SOLE		13,500	0	0
PS Business Parks Inc	COM	69360J107	636	4,854	SH		SOLE		4,854	0	0
Public Storage	COM	74460D109	6,580	32,510	SH		SOLE		30,376	0	2,134
Qualcomm, Inc	COM	747525103	15,728	276,365	SH		SOLE		223,305	0	53,060
Quanta Services, Inc.	COM	74762e102	512	17,000	SH		SOLE		0	0	17,000
Raytheon Company	COM	755111507	252	1,644	SH		SOLE		1,544	0	100
Realty Income Corp.	COM	756109104	1,524	24,171	SH		SOLE		23,071	0	1,100
Red Hat Inc.	COM	756577102	425	2,418	SH		SOLE		2,418	0	0
Resideo Technologies, Inc.	COM	76118y104	306	14,878	SH		SOLE		14,728	0	150
Roche Dividend Right Cert	COM	771192895	248	1,000	SH		SOLE		1,000	0	0
Roche Holdings Ltd-Spons ADR	COM	771195104	211	6,800	SH		SOLE		6,800	0	0
Rockwell Automation, Inc.	COM	773903109	340	2,260	SH		SOLE		2,060	0	200
Royal Dutch Shell PLC-ADR A	COM	780259206	1,272	21,837	SH		SOLE		21,137	0	700
S&P Global Inc	COM	78409V104	360	2,120	SH		SOLE		1,630	0	490
Sanofi-Aventis ADR	COM	80105N105	371	8,540	SH		SOLE		8,540	0	0
Schlumberger Ltd	COM	806857108	14,664	406,442	SH		SOLE		342,535	0	63,907
Sempra Energy	COM	816851109	782	7,224	SH		SOLE		5,324	0	1,900
Simpson Manufacturing Co	COM	829073105	1,272	23,506	SH		SOLE		23,506	0	0
Southern Company	COM	842587107	658	14,991	SH		SOLE		7,716	0	7,275
Starbucks Corp.	COM	855244109	1,805	28,032	SH		SOLE		22,728	0	5,304
Starwood Property Trust Inc. R	COM	85571b105	226	11,459	SH		SOLE		0	0	11,459
Stericycle, Inc.	COM	858912108	6,278	171,111	SH		SOLE		139,244	0	31,867
Stryker Corporation	COM	863667101	22,126	141,154	SH		SOLE		127,346	0	13,808
Sysco Corp.	COM	871829107	12,165	194,138	SH		SOLE		152,212	0	41,926
T. Rowe Price Group	COM	74144T108	279	3,020	SH		SOLE		3,020	0	0
Tapestry Inc.	COM	876030107	5,686	168,463	SH		SOLE		143,050	0	25,413
Target Corp	COM	87612E106	4,036	61,069	SH		SOLE		53,636	0	7,433
Teva Pharmaceutical Industries	COM	881624209	1,969	127,698	SH		SOLE		116,268	0	11,430
Texas Instruments	COM	882508104	4,710	49,843	SH		SOLE		41,050	0	8,793
The Charles Schwab Corporation	COM	808513105	593	14,277	SH		SOLE		14,277	0	0
The Walt Disney Company	COM	254687106	24,174	220,463	SH		SOLE		190,201	0	30,262
Thermo Electron Corp.	COM	883556102	385	1,720	SH		SOLE		1,360	0	360
TJX Companies	COM	872540109	3,267	73,026	SH		SOLE		71,148	0	1,878
Toro Co.	COM	891092108	573	10,255	SH		SOLE		0	0	10,255
Tractor Supply Company	COM	892356106	21,878	262,203	SH		SOLE		230,820	0	31,382
Transocean Ltd.	COM	H8817H100	1,420	204,679	SH		SOLE		184,184	0	20,495
Tredegar Corporation	COM	894650100	254	16,000	SH		SOLE		16,000	0	0
U.S. Bancorp	COM	902973304	635	13,897	SH		SOLE		10,897	0	3,000
Unilever N V	COM	904784709	512	9,521	SH		SOLE		9,521	0	0
Union Pacific	COM	907818108	9,773	70,701	SH		SOLE		66,749	0	3,952
United Parcel Service	COM	911312106	50,052	513,201	SH		SOLE		487,728	0	25,473
United Technologies	COM	913017109	14,922	140,135	SH		SOLE		133,270	0	6,865
UnitedHealth Group Inc.	COM	91324P102	2,083	8,361	SH		SOLE		8,275	0	86
Verizon Comm.	COM	92343V104	11,222	199,617	SH		SOLE		168,053	0	31,564
Visa Inc.	COM	92826C839	648	4,909	SH		SOLE		4,328	0	581
Vodafone Group PLC New	COM	92857w308	5,327	276,301	SH		SOLE		234,961	0	41,340
Wal-Mart Stores, Inc.	COM	931142103	9,125	97,958	SH		SOLE		89,235	0	8,723
Walgreens Boots Alliance Inc.	COM	931427108	12,382	181,206	SH		SOLE		151,110	0	30,096
Wec Energy Group Inc	COM	92939U106	771	11,126	SH		SOLE		564	0	10,562
Wells Fargo & Co.	COM	949746101	36,282	787,375	SH		SOLE		729,771	0	57,604
Weyerhaeuser Co.	COM	962166104	2,707	123,847	SH		SOLE		123,847	0	0
WisdomTree Investments Inc	COM	97717p104	145	21,806	SH		SOLE		0	0	21,806
Xilinx Inc	COM	983919101	329	3,860	SH		SOLE		225	0	3,635
Zimmer Biomet Hldgs Inc Com	COM	98956P102	640	6,172	SH		SOLE		5,672	0	500
iPath Dow Jones UBS Commodity	AA	06738C778	308	14,500	SH		SOLE		14,500	0	0
iShares Gold Trust	AA	464285105	219	17,860	SH		SOLE		17,860	0	0
SPDR Gold Trust	AA	78463V107	2,538	20,933	SH		SOLE		19,533	0	1,400
Sprott Physical Gold Trust ETV	AA	85207h104	217	21,000	SH		SOLE		21,000	0	0