Stack Financial Management 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
SPDR S&P 500 ETF TR	TR UNIT	78462F103	267	1,295	SH		SOLE		1,295	0	0
Select Sector SPDR TR	TECHNOLOGY	81369Y803	308	7,440	SH		SOLE		7,440	0	0
Accenture plc IRELAND	SHS CLASS A	G1151C101	14,228	151,865	SH		SOLE		150,715	0	1,150
Allstate Corp.	COM	020002101	13,538	190,222	SH		SOLE		189,882	0	340
Amazon Com Inc.	COM	023135106	396	1,063	SH		SOLE		1,063	0	0
AmerisourceBergen Corp.	COM	03073E105	18,146	159,635	SH		SOLE		159,335	0	300
Amphenol Corp.	CL A	032095101	14,426	244,805	SH		SOLE		244,365	0	440
Anthem, Inc.	COM	036752103	16,478	106,716	SH		SOLE		106,516	0	200
BB&T Corp.	COM	054937107	20,089	515,238	SH		SOLE		510,888	0	4,350
CVS Health Corp.	COM	126650100	29,519	286,011	SH		SOLE		283,731	0	2,280
Chevron Corp.	COM	166764100	15,303	145,771	SH		SOLE		144,671	0	1,100
Coca-Cola Company	COM	191216100	12,892	317,928	SH		SOLE		317,288	0	640
ConocoPhillips	COM	20825C104	13,283	213,347	SH		SOLE		212,947	0	400
Crown Holdings, Inc.	COM	228368106	15,396	285,013	SH		SOLE		282,653	0	2,360
Danaher Corp.	COM	235851102	21,570	254,060	SH		SOLE		251,845	0	2,215
Devon Energy Corp.	COM	25179M103	14,997	248,670	SH		SOLE		246,380	0	2,290
EMC Corp.	COM	268648102	17,824	697,327	SH		SOLE		691,632	0	5,695
Express Scripts Holding Co.	COM	30219G108	27,905	321,597	SH		SOLE		318,967	0	2,630
Fidelity Nat'l Info Services,	COM	31620M106	14,175	208,267	SH		SOLE		207,867	0	400
General Mills, Inc.	COM	370334104	21,128	373,288	SH		SOLE		370,378	0	2,910
Illinois Tool Works Inc.	COM	452308109	13,492	138,891	SH		SOLE		138,631	0	260
Interpublic Group of Cos, Inc.	COM	460690100	16,933	765,488	SH		SOLE		758,948	0	6,540
Johnson & Johnson	COM	478160104	16,219	161,227	SH		SOLE		160,897	0	330
Kellogg Company	COM	487836108	11,946	181,131	SH		SOLE		180,791	0	340
Kinder Morgan, Inc.	COM	49456B101	13,951	331,691	SH		SOLE		331,026	0	665
Laboratory Corp. of America Hl	COM NEW	50540R409	22,823	181,009	SH		SOLE		179,574	0	1,435
Marathon Oil Corp.	COM	565849106	13,432	514,425	SH		SOLE		510,420	0	4,005
Markel Corp.	COM	570535104	24,377	31,701	SH		SOLE		31,431	0	270
Medtronic, Inc.	COM	G5960L103	12,971	166,313	SH		SOLE		165,993	0	320
MetLife Inc.	COM	59156R108	11,845	234,330	SH		SOLE		233,880	0	450
Microsoft Corp.	COM	594918104	35,734	878,946	SH		SOLE		873,226	0	5,720
Mondelez International, Inc.	CL A	609207105	13,408	371,510	SH		SOLE		368,470	0	3,040
Nielsen N.V.	COM	N63218106	13,051	292,820	SH		SOLE		292,255	0	565
Omnicom Group Inc.	COM	681919106	9,003	115,450	SH		SOLE		115,200	0	250
Oracle Corp.	COM	68389X105	36,788	852,563	SH		SOLE		847,493	0	5,070
PepsiCo, Inc.	COM	713448108	20,604	215,478	SH		SOLE		213,728	0	1,750
Procter & Gamble Company	COM	742718109	7,893	96,331	SH		SOLE		96,141	0	190
Qualcomm Inc.	COM	747525103	29,025	418,591	SH		SOLE		416,076	0	2,515
ResMed Inc.	COM	761152107	16,625	231,613	SH		SOLE		231,108	0	505
Royal Dutch Shell plc	SPONS ADR A	780259206	8,772	147,065	SH		SOLE		146,795	0	270
Sigma-Aldrich Corp.	COM	826552101	1,092	7,899	SH		SOLE		7,899	0	0
Spectra Energy Corp.	COM	847560109	15,293	422,808	SH		SOLE		419,123	0	3,685
Stryker Corp.	COM	863667101	21,613	234,286	SH		SOLE		232,266	0	2,020
TJX Companies, Inc.	COM	872540109	19,962	284,969	SH		SOLE		282,634	0	2,335
United Technologies Corp.	COM	913017109	37,375	318,895	SH		SOLE		316,910	0	1,985
Viacom Inc. Class B	CL B	92553P201	9,909	145,082	SH		SOLE		144,832	0	250
Wal-Mart Stores, Inc.	COM	931142103	13,703	166,606	SH		SOLE		166,296	0	310
Walt Disney Company	COM DISNEY	254687106	18,618	177,497	SH		SOLE		176,007	0	1,490
Waters Corp.	COM	941848103	14,734	118,513	SH		SOLE		117,553	0	960
Zoetis Inc.	CL A	98978V103	27,158	586,701	SH		SOLE		581,881	0	4,820