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	13,030	251,537	SH		SOLE		204,092	0	47,445
Flaherty & Crumrine Preferred	ETF	33848E106	154	12,500	SH		SOLE		12,500	0	0
iShares iBoxx $ Inv Grade Corp	ETF	464287242	326	2,545	SH		SOLE		1,595	0	950
IShares Intermediate-Term Corp	ETF	464288638	725	12,508	SH		SOLE		12,508	0	0
iShares S&P U.S. Preferred Sto	ETF	464288687	620	16,494	SH		SOLE		6,561	0	9,933
IShares Short-Term Corp Bond E	ETF	464288646	386	7,190	SH		SOLE		4,250	0	2,940
Nuveen Preferred & Income Secu	ETF	67072C105	192	19,166	SH		SOLE		19,166	0	0
PIMCO Dynamic Credit and Mortg	ETF	72202D106	202	8,000	SH		SOLE		5,000	0	3,000
PIMCO Enhanced Short Maturity	ETF	72201R833	2,097	20,646	SH		SOLE		17,073	0	3,573
PIMCO High Income Fund	ETF	722014107	334	44,500	SH		SOLE		44,500	0	0
Schwab U.S. TIPS ETF	ETF	808524870	737	13,020	SH		SOLE		13,020	0	0
SPDR DoubleLine Total Return T	ETF	78467V848	2,618	53,430	SH		SOLE		33,400	0	20,030
SPDR Wells Fargo Preferred Sto	ETF	78464A292	260	5,913	SH		SOLE		0	0	5,913
Vanguard Int Term Bond ETF	ETF	921937819	217	2,492	SH		SOLE		892	0	1,600
Vanguard Int Term Corp Bond ET	ETF	92206C870	283	3,096	SH		SOLE		1,621	0	1,475
Vanguard Short Term Bond ETF	ETF	921937827	568	7,052	SH		SOLE		5,007	0	2,045
Vanguard Short Term Corp Bond	ETF	92206C409	8,323	102,718	SH		SOLE		62,706	0	40,012
Vertical Capital Income Fund	ETF	92535C104	122	11,743	SH		SOLE		10,212	0	1,531
Western Asset Income Fund	ETF	95766T100	1,427	91,965	SH		SOLE		72,065	0	19,900
iShares MSCI EAFE Growth Index	ETF	464288885	255	2,951	SH		SOLE		2,951	0	0
iShares MSCI EAFE Index Fund	ETF	464287465	838	12,066	SH		SOLE		11,233	0	833
iShares MSCI Emerging Markets	ETF	464287234	1,223	27,251	SH		SOLE		26,292	0	959
Vanguard FTSE All World ex US	ETF	922042775	418	7,775	SH		SOLE		6,375	0	1,400
Vanguard FTSE Emerging Markets	ETF	922042858	442	9,935	SH		SOLE		9,935	0	0
Vanguard MSCI EAFE ETF	ETF	921943858	1,355	30,747	SH		SOLE		30,747	0	0
Global X S&P 500 Catholic Valu	ETF	37954Y889	2,158	54,750	SH		SOLE		54,750	0	0
Health Care Select Sector SPDR	ETF	81369Y209	564	5,534	SH		SOLE		5,534	0	0
iShares Core S&P 500 ETF	ETF	464287200	2,369	7,329	SH		SOLE		7,329	0	0
iShares Core S&P Mid-Cap ETF	ETF	464287507	1,299	6,312	SH		SOLE		6,217	0	95
iShares Core S&P Small-Cap ETF	ETF	464287804	2,341	27,924	SH		SOLE		27,924	0	0
iShares Core S&P Total US Stoc	ETF	464287150	750	10,314	SH		SOLE		10,314	0	0
iShares DJ Select Dividend Ind	ETF	464287168	433	4,101	SH		SOLE		3,801	0	300
iShares DJ U.S. Technology Sec	ETF	464287721	1,163	5,000	SH		SOLE		5,000	0	0
iShares DJ US Housing	ETF	464288752	708	15,930	SH		SOLE		15,930	0	0
iShares Goldman Sachs Cons Svc	ETF	464287580	228	1,000	SH		SOLE		1,000	0	0
iShares Goldman Sachs Health C	ETF	464287762	216	1,000	SH		SOLE		1,000	0	0
iShares North American Tech	ETF	464287549	690	2,850	SH		SOLE		2,600	0	250
iShares Russell 1000 Growth	ETF	464287614	284	1,614	SH		SOLE		1,614	0	0
iShares Russell 2000 Index	ETF	464287655	2,852	17,213	SH		SOLE		16,603	0	610
iShares S&P Midcap 400/Barra	ETF	464287705	258	1,514	SH		SOLE		1,514	0	0
iShares Tr Index Fd Russell 10	ETF	464287622	452	2,531	SH		SOLE		2,446	0	85
iShares Tr Russell 1000 Value	ETF	464287598	224	1,640	SH		SOLE		1,640	0	0
iShares Tr S&P 100	ETF	464287101	349	2,425	SH		SOLE		2,425	0	0
Kayne Anderson MLP Inv Com	ETF	486606106	344	24,700	SH		SOLE		24,700	0	0
PowerShares QQQ Trust Ser 1	ETF	46090E103	1,251	5,883	SH		SOLE		5,478	0	405
PowerShares S&P 500 Equal Wt P	ETF	46137V357	206	1,782	SH		SOLE		1,782	0	0
Schwab US Large-Cap Growth ETF	ETF	808524300	340	3,660	SH		SOLE		2,495	0	1,165
Select Sector SPDR Technology	ETF	81369Y803	3,366	36,715	SH		SOLE		36,715	0	0
Select Sector SPDR Utilities	ETF	81369Y886	381	5,900	SH		SOLE		5,900	0	0
SPDR Dow Jones Industrial Avg	ETF	78467X109	321	1,125	SH		SOLE		525	0	600
SPDR S&P 500 ETF	ETF	78462F103	6,225	19,342	SH		SOLE		18,462	0	880
SPDR S&P 600 Small Cap ETF	ETF	78464A813	217	3,000	SH		SOLE		3,000	0	0
SPDR S&P Dividend ETF	ETF	78464A763	474	4,408	SH		SOLE		3,348	0	1,060
SPDR S&P MidCap 400 ETF	ETF	78467Y107	929	2,476	SH		SOLE		2,346	0	130
Vanguard Dividend Apprec Fd	ETF	921908844	209	1,674	SH		SOLE		1,674	0	0
Vanguard High Dividend Yield I	ETF	921946406	355	3,792	SH		SOLE		3,792	0	0
Vanguard Mid-Cap ETF	ETF	922908629	212	1,187	SH		SOLE		1,187	0	0
Vanguard REIT ETF	ETF	922908553	1,848	19,911	SH		SOLE		19,801	0	110
Vanguard S&P 500 ETF	ETF	922908363	266	900	SH		SOLE		900	0	0
Vanguard Small Cap ETF	ETF	922908751	843	5,089	SH		SOLE		5,089	0	0
Vanguard Total Stock Market ET	ETF	922908769	529	3,232	SH		SOLE		3,232	0	0
Vanguard World Fds Inf Tech ET	ETF	92204A702	765	3,125	SH		SOLE		3,125	0	0
3M Company	COM	88579Y101	11,810	66,940	SH		SOLE		51,688	0	15,252
Abbott Labs	COM	002824100	24,365	280,513	SH		SOLE		241,989	0	38,524
AbbVie Inc.	COM	00287Y109	21,409	241,802	SH		SOLE		219,032	0	22,770
Accenture PLC	COM	G1151C101	47,090	223,632	SH		SOLE		201,430	0	22,202
Adobe Systems	COM	00724F101	719	2,179	SH		SOLE		1,979	0	200
Agilent Technologies Inc.	COM	00846U101	17,448	204,523	SH		SOLE		200,751	0	3,772
Akamai Technologies Inc.	COM	00971T101	5,728	66,310	SH		SOLE		51,510	0	14,800
Albemarle Corp.	COM	012653101	15,121	207,027	SH		SOLE		200,252	0	6,775
Alcon, Inc.	COM	H01301128	341	6,028	SH		SOLE		5,442	0	586
Alibaba Group Holding - SP ADR	COM	01609W102	1,082	5,102	SH		SOLE		5,102	0	0
Allegion Plc	COM	G0176J109	328	2,634	SH		SOLE		1,951	0	683
Allergan Inc	COM	G0177J108	6,168	32,262	SH		SOLE		28,597	0	3,665
Allstate Corp.	COM	020002101	432	3,844	SH		SOLE		3,844	0	0
Alphabet Inc Class A	COM	02079K305	29,438	21,979	SH		SOLE		20,694	0	1,285
Alphabet Inc Class C	COM	02079K107	11,505	8,605	SH		SOLE		7,700	0	905
Altria Group, Inc.	COM	02209S103	6,618	132,602	SH		SOLE		92,318	0	40,284
Amazon Com Inc	COM	023135106	14,953	8,092	SH		SOLE		7,815	0	277
Amcor PLC	COM	G0250X107	207	19,135	SH		SOLE		19,135	0	0
Ameren Corp.	COM	023608102	211	2,750	SH		SOLE		2,750	0	0
America Movil S.A. de C.V. Ser	COM	02364W105	240	15,010	SH		SOLE		15,010	0	0
American Elec Pwr Inc.	COM	025537101	374	3,952	SH		SOLE		2,326	0	1,626
American Express Co.	COM	025816109	8,693	69,832	SH		SOLE		62,802	0	7,030
American Wtr Wks Inc.	COM	030420103	1,145	9,321	SH		SOLE		200	0	9,121
Ameriprise Financial, Inc.	COM	03076C106	448	2,689	SH		SOLE		2,539	0	150
Amgen, Inc.	COM	031162100	13,203	54,767	SH		SOLE		42,312	0	12,455
ANSYS, Inc.	COM	03662Q105	348	1,350	SH		SOLE		1,350	0	0
Apache Corp	COM	037411105	1,944	75,966	SH		SOLE		64,593	0	11,373
Apple Inc.	COM	037833100	86,668	295,141	SH		SOLE		269,725	0	25,415
Aptevo Therapeutics Inc.	COM	03835L108	18	27,200	SH		SOLE		27,200	0	0
Arista Networks Inc.	COM	040413106	10,838	53,286	SH		SOLE		45,307	0	7,979
Arrowhead Pharmaceuticals Inc	COM	04280A100	1,358	21,408	SH		SOLE		21,408	0	0
Arthur J. Gallagher & Co.	COM	363576109	338	3,550	SH		SOLE		900	0	2,650
AT&T Inc.	COM	00206R102	8,068	206,459	SH		SOLE		182,172	0	24,287
Automatic Data Proc.	COM	053015103	11,304	66,302	SH		SOLE		49,044	0	17,258
Bank of America Corp	COM	060505104	1,863	52,897	SH		SOLE		52,387	0	510
Bank of New York Mellon Corp.	COM	064058100	17,741	352,485	SH		SOLE		326,343	0	26,141
Baxter International Inc	COM	071813109	1,164	13,917	SH		SOLE		12,947	0	970
Becton Dickinson & Co.	COM	075887109	4,454	16,378	SH		SOLE		11,193	0	5,185
Berkshire Hathaway (100=1 Clas	COM	084990175	2,038	600	SH		SOLE		600	0	0
Berkshire Hathaway A	COM	084670108	5,773	17	SH		SOLE		16	0	1
Berkshire Hathaway B	COM	084670702	53,641	236,824	SH		SOLE		211,177	0	25,647
Blackrock 2001	COM	09247X101	265	527	SH		SOLE		527	0	0
Blackstone Group Ord Shs Class	COM	09260D107	529	9,454	SH		SOLE		7,554	0	1,900
BlockRock Capital Investment C	COM	092533108	260	52,400	SH		SOLE		0	0	52,400
Boeing Co.	COM	097023105	25,932	79,603	SH		SOLE		74,585	0	5,018
Boswell J G Co	COM	101205102	2,652	4,420	SH		SOLE		4,420	0	0
BP PLC - Spons ADR	COM	055622104	8,436	223,535	SH		SOLE		186,516	0	37,019
Bristol-Myers Squibb Co.	COM	110122108	34,713	540,780	SH		SOLE		470,475	0	70,306
British American Tobacco PLC A	COM	110448107	383	9,027	SH		SOLE		1,627	0	7,400
Broadcom Ltd. Ordinary	COM	11135F101	566	1,792	SH		SOLE		1,672	0	120
Campbell Soup Co.	COM	134429109	445	9,003	SH		SOLE		9,003	0	0
Carmax, Inc.	COM	143130102	4,745	54,126	SH		SOLE		42,921	0	11,205
Casey's General Stores	COM	147528103	1,553	9,765	SH		SOLE		8,315	0	1,450
Caterpillar Inc.	COM	149123101	9,585	64,907	SH		SOLE		59,150	0	5,757
Cathay Intl Hld (London Exchan	COM	G1965E103	1	19,000	SH		SOLE		19,000	0	0
CDK Global Inc.	COM	12508E101	218	3,985	SH		SOLE		1,955	0	2,030
Cerner	COM	156782104	12,060	164,332	SH		SOLE		135,767	0	28,565
Chevron Corp.	COM	166764100	31,395	260,519	SH		SOLE		221,596	0	38,923
Chubb LTD	COM	H1467J104	243	1,558	SH		SOLE		1,481	0	77
Cintas Corp.	COM	172908105	237	880	SH		SOLE		730	0	150
Cisco Systems, Inc.	COM	17275R102	20,306	423,396	SH		SOLE		373,195	0	50,201
Clorox Company	COM	189054109	2,626	17,104	SH		SOLE		12,260	0	4,844
CME Group Inc.	COM	12572Q105	568	2,831	SH		SOLE		370	0	2,461
Coca-Cola Company	COM	191216100	4,730	85,452	SH		SOLE		79,660	0	5,792
Colgate-Palmolive Co.	COM	194162103	21,923	318,458	SH		SOLE		296,373	0	22,085
Comcast Corp. Class A	COM	20030N101	781	17,372	SH		SOLE		15,948	0	1,424
Conagra Inc.	COM	205887102	557	16,266	SH		SOLE		16,266	0	0
ConocoPhillips	COM	20825C104	14,208	218,478	SH		SOLE		206,167	0	12,312
Consolidated Edison Inc.	COM	209115104	1,810	20,005	SH		SOLE		16,805	0	3,200
Corning Inc.	COM	219350105	274	9,400	SH		SOLE		9,400	0	0
Corteva, Inc.	COM	22052L104	12,034	407,110	SH		SOLE		355,659	0	51,451
Costco Wholesale Corp.	COM	22160K105	51,961	176,785	SH		SOLE		158,133	0	18,652
CSX Corporation	COM	126408103	928	12,829	SH		SOLE		12,829	0	0
Cummins Inc	COM	231021106	3,670	20,510	SH		SOLE		7,856	0	12,654
CVS Health Corp.	COM	126650100	337	4,531	SH		SOLE		3,831	0	700
Danaher Corp.	COM	235851102	290	1,887	SH		SOLE		1,752	0	135
DCP Midstream, LP	COM	23311P100	504	20,597	SH		SOLE		0	0	20,597
Deere & Co.	COM	244199105	1,402	8,090	SH		SOLE		7,690	0	400
Discovery Inc.	COM	25470F302	20,622	676,363	SH		SOLE		571,283	0	105,080
Dominion Resources Inc.	COM	25746U109	449	5,425	SH		SOLE		5,425	0	0
Dow Inc.	COM	260557103	1,522	27,801	SH		SOLE		21,349	0	6,452
DTE Energy Company	COM	233331107	351	2,700	SH		SOLE		2,700	0	0
Ducommun Inc	COM	264147109	212	4,200	SH		SOLE		4,200	0	0
Duke Energy Corp. New	COM	26441C204	751	8,237	SH		SOLE		2,370	0	5,867
DuPont De Nemours Inc.	COM	26614N102	11,094	172,799	SH		SOLE		146,218	0	26,581
DXC Technology Co	COM	23355L106	4,021	106,965	SH		SOLE		105,630	0	1,335
Eaton Corp. PLC	COM	G29183103	987	10,415	SH		SOLE		10,415	0	0
eBay Inc.	COM	278642103	7,766	215,064	SH		SOLE		172,751	0	42,313
Ecolab, Inc.	COM	278865100	2,342	12,136	SH		SOLE		11,211	0	925
Edgewell Personal Care Co	COM	28035Q102	5,548	179,187	SH		SOLE		179,187	0	0
Edison International	COM	281020107	539	7,147	SH		SOLE		7,147	0	0
Edwards Lifesciences Corp.	COM	28176E108	24,702	105,885	SH		SOLE		102,675	0	3,210
Electronic Arts	COM	285512109	336	3,125	SH		SOLE		3,125	0	0
Emerson Electric Co.	COM	291011104	30,002	393,416	SH		SOLE		324,303	0	69,113
Enbridge Inc.	COM	29250N105	499	12,542	SH		SOLE		8,761	0	3,781
Energizer Holdings Inc New	COM	29272W109	10,491	208,906	SH		SOLE		208,906	0	0
Energy Transfer LP	COM	29273V100	443	34,500	SH		SOLE		15,271	0	19,229
Enterprise Products Partners L	COM	293792107	1,854	65,843	SH		SOLE		25,929	0	39,914
Equity Residential	COM	29476L107	522	6,450	SH		SOLE		4,450	0	2,000
Essex Property Trust	COM	297178105	3,173	10,548	SH		SOLE		9,084	0	1,464
Eversource Energy	COM	30040W108	362	4,250	SH		SOLE		1,400	0	2,850
Expeditors Int'l Of Washington	COM	302130109	1,485	19,038	SH		SOLE		15,813	0	3,225
ExxonMobil Corporation	COM	30231G102	31,525	451,782	SH		SOLE		385,361	0	66,421
Facebook Inc	COM	30303M102	1,778	8,665	SH		SOLE		8,198	0	467
Farmers and Merchants Bank	COM	308243104	369	47	SH		SOLE		47	0	0
Fastenal Co.	COM	311900104	21,007	568,528	SH		SOLE		504,998	0	63,530
FirstEnergy Corp.	COM	337932107	226	4,650	SH		SOLE		4,650	0	0
Ford Motor Co.	COM	345370860	132	14,142	SH		SOLE		3,820	0	10,322
Fox Corporation	COM	35137L105	253	6,816	SH		SOLE		6,684	0	132
Franklin Resources Inc	COM	354613101	1,998	76,901	SH		SOLE		65,201	0	11,700
Gap Inc. Del	COM	364760108	2,268	128,293	SH		SOLE		108,183	0	20,110
GC International, Inc.	COM	361559107	8	77,500	SH		SOLE		77,500	0	0
General Electric	COM	369604103	9,481	849,557	SH		SOLE		737,259	0	112,298
General Mills Inc.	COM	370334104	4,920	91,867	SH		SOLE		64,191	0	27,676
Genuine Parts Co.	COM	372460105	425	4,000	SH		SOLE		4,000	0	0
Gilead Sciences Inc	COM	375558103	6,420	98,799	SH		SOLE		78,401	0	20,398
GlaxoSmithKline PLC-ADR	COM	37733W105	228	4,860	SH		SOLE		4,255	0	605
Goldman Sachs Group Inc.	COM	38141G104	5,625	24,464	SH		SOLE		22,913	0	1,551
Grainger Inc., W.W.	COM	384802104	372	1,098	SH		SOLE		478	0	620
Hewlett Packard Enterprise Co	COM	42824C109	17,257	1,088,085	SH		SOLE		1,074,330	0	13,755
Home Depot, Inc.	COM	437076102	10,375	47,511	SH		SOLE		37,204	0	10,307
Honeywell Int'l Inc.	COM	438516106	13,188	74,509	SH		SOLE		73,759	0	750
HP Inc.	COM	40434L105	24,154	1,175,395	SH		SOLE		1,158,276	0	17,119
ICON Public Limited Company	COM	G4705A100	338	1,960	SH		SOLE		1,960	0	0
Illinois Tool Works Inc.	COM	452308109	7,480	41,640	SH		SOLE		36,730	0	4,910
Ingersoll-Rand PLC	COM	G47791101	1,946	14,638	SH		SOLE		12,048	0	2,590
Intel Corp.	COM	458140100	37,467	626,019	SH		SOLE		570,818	0	55,202
Intercontinental Exchange	COM	45866F104	268	2,900	SH		SOLE		2,900	0	0
International Bus Mach	COM	459200101	15,456	115,306	SH		SOLE		90,153	0	25,154
Intuit Inc.	COM	461202103	14,386	54,922	SH		SOLE		49,595	0	5,327
Intuitive Surgical Inc.	COM	46120E602	569	962	SH		SOLE		961	0	1
Jacobs Engineering Group Inc.	COM	469814107	7,768	86,469	SH		SOLE		77,108	0	9,361
Johnson & Johnson	COM	478160104	43,119	295,602	SH		SOLE		249,330	0	46,271
Johnson Controls International	COM	G51502105	11,627	285,606	SH		SOLE		227,887	0	57,719
JPMorgan Chase & Co.	COM	46625H100	31,406	225,294	SH		SOLE		189,588	0	35,706
Kellogg Co.	COM	487836108	1,046	15,130	SH		SOLE		2,050	0	13,080
Keysight Technologies, Inc.	COM	49338L103	9,721	94,718	SH		SOLE		93,299	0	1,419
Kimberly-Clark Corp.	COM	494368103	1,660	12,066	SH		SOLE		11,748	0	318
Kraft Heinz Co Com	COM	500754106	836	26,023	SH		SOLE		22,747	0	3,276
L3Harris Technologies Inc.	COM	502431109	261	1,317	SH		SOLE		862	0	455
Laboratory Corp. of America	COM	50540R409	7,654	45,247	SH		SOLE		42,037	0	3,210
Lam Research Corp	COM	512807108	617	2,110	SH		SOLE		2,110	0	0
Lamb Weston Holdings, Inc	COM	513272104	477	5,549	SH		SOLE		5,549	0	0
Las Vegas Sands	COM	517834107	554	8,025	SH		SOLE		5,725	0	2,300
Life Storage Inc.	COM	53223X107	330	3,050	SH		SOLE		3,050	0	0
Lilly Eli & Co.	COM	532457108	686	5,219	SH		SOLE		1,649	0	3,570
Lincoln National Corp.	COM	534187109	468	7,923	SH		SOLE		7,630	0	293
Linde Public Limited Company	COM	186297610	237	1,114	SH		SOLE		950	0	164
Lockheed Martin Corp.	COM	539830109	6,210	15,949	SH		SOLE		15,949	0	0
Lowe's Companies	COM	548661107	34,187	285,465	SH		SOLE		252,039	0	33,426
Magellan Midstream Partners	COM	559080106	2,396	38,104	SH		SOLE		32,404	0	5,700
Marriott Int'l, Inc.	COM	571903202	321	2,122	SH		SOLE		2,122	0	0
Marsh & McLennan Companies	COM	571748102	1,686	15,137	SH		SOLE		3,280	0	11,857
Mastercard Inc-Cl A	COM	57636Q104	246	824	SH		SOLE		824	0	0
McCormick & Co	COM	579780206	764	4,500	SH		SOLE		4,500	0	0
McDonald's Corp.	COM	580135101	20,788	105,199	SH		SOLE		87,382	0	17,817
McKesson Corp.	COM	58155Q103	10,405	75,227	SH		SOLE		69,877	0	5,350
Medtronic Plc.	COM	G5960L103	1,864	16,431	SH		SOLE		13,162	0	3,269
Merck & Co., Inc. New	COM	58933Y105	8,160	89,715	SH		SOLE		79,640	0	10,075
Meredith Corp.	COM	589433101	444	13,675	SH		SOLE		2,400	0	11,275
Microsoft Corp.	COM	594918104	63,268	401,190	SH		SOLE		326,792	0	74,398
Minerals Technologies Inc.	COM	603158106	636	11,032	SH		SOLE		9,932	0	1,100
Mondelez International	COM	609207105	13,772	250,044	SH		SOLE		216,628	0	33,415
Monster Beverage Corp.	COM	611740101	270	4,256	SH		SOLE		4,256	0	0
Nestle Sponsored ADR	COM	641069406	1,292	11,938	SH		SOLE		9,720	0	2,218
Netapp, Inc	COM	64110D104	940	15,105	SH		SOLE		14,525	0	580
Netflix	COM	64110L106	272	840	SH		SOLE		840	0	0
NewMarket Corp	COM	651587107	3,892	8,000	SH		SOLE		8,000	0	0
NextEra Energy Inc.	COM	65339F101	1,984	8,194	SH		SOLE		8,194	0	0
Nike, Inc.	COM	654106103	23,665	233,585	SH		SOLE		182,205	0	51,380
Nordstrom Inc.	COM	655664100	17,683	432,026	SH		SOLE		375,429	0	56,597
Norfolk Southern Corp.	COM	655844108	1,453	7,486	SH		SOLE		5,185	0	2,301
Northrop Grumman Corp.	COM	666807102	8,208	23,863	SH		SOLE		23,863	0	0
Novartis AG ADS	COM	66987V109	10,195	107,663	SH		SOLE		99,794	0	7,869
Novo Nordisk ADR	COM	670100205	7,557	130,555	SH		SOLE		120,495	0	10,060
Nucor Corp.	COM	670346105	1,602	28,466	SH		SOLE		26,145	0	2,321
NVIDA Corp.	COM	67066G104	284	1,205	SH		SOLE		1,205	0	0
Occidental Petroleum	COM	674599105	5,142	124,783	SH		SOLE		99,646	0	25,137
Old Republic International Cor	COM	680223104	286	12,781	SH		SOLE		0	0	12,781
Oneok Inc	COM	682680103	3,619	47,823	SH		SOLE		40,485	0	7,338
Oracle Systems	COM	68389X105	22,516	424,984	SH		SOLE		391,853	0	33,131
Parker Hannifin Corp.	COM	701094104	5,561	27,017	SH		SOLE		5,375	0	21,642
Paychex Inc	COM	704326107	543	6,380	SH		SOLE		3,350	0	3,030
Paypal Hldgs Inc Com	COM	70450Y103	28,069	259,493	SH		SOLE		233,220	0	26,273
PepsiCo Inc.	COM	713448108	18,442	134,941	SH		SOLE		105,863	0	29,078
Perspecta Inc.	COM	715347100	1,320	49,910	SH		SOLE		49,481	0	429
Pfizer, Inc.	COM	717081103	18,171	463,786	SH		SOLE		418,665	0	45,121
Philip Morris Intl	COM	718172109	10,751	126,343	SH		SOLE		100,718	0	25,625
Phillips 66	COM	718546104	2,240	20,108	SH		SOLE		16,228	0	3,880
Plains All American Pipeline L	COM	726503105	1,379	74,998	SH		SOLE		48,240	0	26,758
PNC Financial Corp.	COM	693475105	224	1,401	SH		SOLE		1,312	0	89
Polaris Industries Inc.	COM	731068102	394	3,870	SH		SOLE		100	0	3,770
Post Holdings, Inc.	COM	737446104	4,013	36,786	SH		SOLE		28,786	0	8,000
PPG Industries, Inc.	COM	693506107	671	5,028	SH		SOLE		3,696	0	1,332
Procter & Gamble Co.	COM	742718109	27,891	223,308	SH		SOLE		186,137	0	37,171
Profile technologies - NO No	COM	743164105	0	13,500	SH		SOLE		13,500	0	0
PS Business Parks Inc	COM	69360J107	800	4,854	SH		SOLE		4,854	0	0
Public Storage	COM	74460D109	6,071	28,510	SH		SOLE		26,376	0	2,134
Qualcomm, Inc	COM	747525103	23,222	263,195	SH		SOLE		211,015	0	52,180
Quanta Services, Inc.	COM	74762E102	692	17,000	SH		SOLE		0	0	17,000
Raytheon Company	COM	755111507	357	1,624	SH		SOLE		1,524	0	100
Realty Income Corp.	COM	756109104	1,613	21,913	SH		SOLE		20,813	0	1,100
Reliance Steel & Aluminum Co.	COM	759509102	240	2,000	SH		SOLE		2,000	0	0
Resideo Technologies, Inc.	COM	76118Y104	173	14,515	SH		SOLE		14,415	0	100
Roche Dividend Right Cert	COM	771192895	323	1,000	SH		SOLE		1,000	0	0
Roche Holdings Ltd-Spons ADR	COM	771195104	252	6,200	SH		SOLE		6,200	0	0
Rockwell Automation, Inc.	COM	773903109	341	1,685	SH		SOLE		1,685	0	0
Royal Caribbean Cruise	COM	V7780T103	267	2,000	SH		SOLE		2,000	0	0
Royal Dutch Shell PLC-ADR A	COM	780259206	1,068	18,102	SH		SOLE		17,402	0	700
S&P Global Inc	COM	78409V104	571	2,090	SH		SOLE		1,600	0	490
Sanofi-Aventis ADR	COM	80105N105	402	8,000	SH		SOLE		8,000	0	0
Schlumberger Ltd	COM	806857108	17,858	444,230	SH		SOLE		387,561	0	56,669
Sempra Energy	COM	816851109	1,064	7,024	SH		SOLE		5,124	0	1,900
Simpson Manufacturing Co	COM	829073105	1,778	22,156	SH		SOLE		22,156	0	0
Southern Company	COM	842587107	1,092	17,142	SH		SOLE		9,057	0	8,085
Stanley Black and Decker Corp.	COM	854502101	910	5,490	SH		SOLE		5,490	0	0
Starbucks Corp.	COM	855244109	2,481	28,214	SH		SOLE		22,640	0	5,574
Starwood Property Trust Inc. R	COM	85571B105	299	12,032	SH		SOLE		0	0	12,032
Stericycle, Inc.	COM	858912108	4,411	69,130	SH		SOLE		61,631	0	7,499
Stryker Corporation	COM	863667101	28,210	134,371	SH		SOLE		120,598	0	13,773
Sysco Corp.	COM	871829107	15,804	184,752	SH		SOLE		144,186	0	40,566
T. Rowe Price Group	COM	74144T108	368	3,020	SH		SOLE		3,020	0	0
Taiwan Semiconductor Manuf. Co	COM	874039100	247	4,250	SH		SOLE		250	0	4,000
Tapestry Inc.	COM	876030107	10,512	389,781	SH		SOLE		345,055	0	44,726
Target Corp	COM	87612E106	6,972	54,377	SH		SOLE		47,144	0	7,233
Teva Pharmaceutical Industries	COM	881624209	127	13,000	SH		SOLE		12,600	0	400
Texas Instruments	COM	882508104	6,179	48,162	SH		SOLE		39,264	0	8,898
The Charles Schwab Corporation	COM	808513105	679	14,277	SH		SOLE		14,277	0	0
The Walt Disney Company	COM	254687106	32,038	221,520	SH		SOLE		192,111	0	29,409
Thermo Electron Corp.	COM	883556102	559	1,719	SH		SOLE		1,359	0	360
TJX Companies	COM	872540109	2,796	45,786	SH		SOLE		43,908	0	1,878
Toro Co.	COM	891092108	817	10,255	SH		SOLE		0	0	10,255
Tractor Supply Company	COM	892356106	20,260	216,826	SH		SOLE		189,903	0	26,922
Transocean Ltd.	COM	H8817H100	1,768	256,939	SH		SOLE		233,283	0	23,656
Tredegar Corporation	COM	894650100	358	16,000	SH		SOLE		16,000	0	0
U.S. Bancorp	COM	902973304	906	15,274	SH		SOLE		11,274	0	4,000
Unilever N V	COM	904784709	547	9,521	SH		SOLE		9,521	0	0
Union Pacific	COM	907818108	11,899	65,817	SH		SOLE		61,810	0	4,007
United Parcel Service	COM	911312106	62,091	530,418	SH		SOLE		503,055	0	27,363
United Technologies	COM	913017109	21,610	144,294	SH		SOLE		137,223	0	7,071
UnitedHealth Group Inc.	COM	91324P102	10,301	35,039	SH		SOLE		33,929	0	1,110
Vereit, Inc REIT	COM	92339v100	113	12,200	SH		SOLE		0	0	12,200
Verizon Comm.	COM	92343V104	12,059	196,401	SH		SOLE		164,053	0	32,348
Visa Inc.	COM	92826C839	901	4,795	SH		SOLE		4,213	0	581
VMware, Inc.	COM	928563402	2,039	13,435	SH		SOLE		9,185	0	4,250
Vodafone Group PLC New	COM	92857W308	5,881	304,222	SH		SOLE		281,398	0	22,824
Wal-Mart Stores, Inc.	COM	931142103	10,787	90,766	SH		SOLE		81,183	0	9,583
Walgreens Boots Alliance Inc.	COM	931427108	14,391	244,087	SH		SOLE		204,469	0	39,618
Waste Management Inc.	COM	94106L109	271	2,377	SH		SOLE		2,202	0	175
Wec Energy Group Inc	COM	92939U106	949	10,292	SH		SOLE		280	0	10,012
Wells Fargo & Co.	COM	949746101	43,837	814,814	SH		SOLE		753,415	0	61,399
Weyerhaeuser Co.	COM	962166104	3,740	123,847	SH		SOLE		123,847	0	0
Xilinx Inc	COM	983919101	364	3,725	SH		SOLE		225	0	3,500
Zimmer Biomet Hldgs Inc Com	COM	98956P102	892	5,962	SH		SOLE		5,472	0	490
iPath Dow Jones UBS Commodity	AA	06738C778	331	14,500	SH		SOLE		14,500	0	0
iShares Gold Trust	AA	464285105	259	17,860	SH		SOLE		17,860	0	0
SPDR Gold Trust	AA	78463V107	3,608	25,246	SH		SOLE		23,846	0	1,400
Sprott Physical Gold Trust ETV	AA	85207H104	256	21,000	SH		SOLE		21,000	0	0