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	742	2,551	SH		SOLE		2,551	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	201	2,669	SH		SOLE		2,669	0	0
AbbVie, Inc.	COM	00287Y109	8,494	89,810	SH		SOLE		89,810	0	0
Accenture plc Ireland	SHS CLASS A	G1151C101	33,244	195,324	SH		SOLE		195,229	0	95
Agnico Eagle Mines Ltd.	COM	008474108	10,571	309,097	SH		SOLE		308,827	0	270
Amazon Com Inc.	COM	023135106	1,769	883	SH		SOLE		883	0	0
Automatic Data Processing, Inc	COM	053015103	31,461	208,820	SH		SOLE		208,680	0	140
Becton, Dickinson & Co.	COM	075887109	18,802	72,039	SH		SOLE		72,039	0	0
Berkshire Hathaway, Inc.	CL B NEW	084670702	28,495	133,087	SH		SOLE		132,992	0	95
CVS Health Corp.	COM	126650100	20,841	264,753	SH		SOLE		264,553	0	200
Charles Schwab Corp.	COM	808513105	20,321	413,453	SH		SOLE		413,178	0	275
Chevron Corp.	COM	166764100	16,984	138,896	SH		SOLE		138,776	0	120
Cisco Systems, Inc.	COM	17275R102	48,083	988,340	SH		SOLE		987,840	0	500
Coca-Cola Company	COM	191216100	15,171	328,452	SH		SOLE		328,452	0	0
Cognizant Tech Solutions Corp.	CL A	192446102	14,654	189,941	SH		SOLE		189,806	0	135
Comcast Corp.	CL A	20030N101	14,206	401,178	SH		SOLE		401,178	0	0
ConocoPhillips	COM	20825C104	15,542	200,799	SH		SOLE		200,799	0	0
Danaher Corp.	COM	235851102	26,123	240,411	SH		SOLE		240,256	0	155
Fidelity Nat'l Info Services,	COM	31620M106	10,156	93,116	SH		SOLE		93,116	0	0
Fortive Corp.	COM	34959J108	21,878	259,833	SH		SOLE		259,658	0	175
Goldcorp, Inc.	COM	380956409	6,589	645,982	SH		SOLE		645,982	0	0
Hershey Company	COM	427866108	12,248	120,083	SH		SOLE		120,083	0	0
Illinois Tool Works, Inc.	COM	452308109	7,695	54,530	SH		SOLE		54,530	0	0
Infosys Limited, Inc.	SPONSORED ADR	456788108	9,135	898,260	SH		SOLE		898,260	0	0
Ingersoll-Rand plc	SHS	G47791101	10,371	101,374	SH		SOLE		101,374	0	0
Johnson & Johnson	COM	478160104	12,081	87,439	SH		SOLE		87,439	0	0
LKQ Corp.	COM	501889208	15,812	499,280	SH		SOLE		498,930	0	350
Laboratory Corp. of America Hl	COM NEW	50540R409	19,614	112,929	SH		SOLE		112,844	0	85
Lowe's Companies, Inc.	COM	548661107	210	1,825	SH		SOLE		1,825	0	0
Martin Marietta Materials, Inc	COM	573284106	13,403	73,663	SH		SOLE		73,608	0	55
MasTec, Inc.	COM	576323109	10,431	233,624	SH		SOLE		233,459	0	165
Medtronic plc	SHS	G5960L103	16,235	165,036	SH		SOLE		165,036	0	0
MetLife, Inc.	COM	59156R108	11,600	248,289	SH		SOLE		248,289	0	0
Microsoft Corp.	COM	594918104	61,309	536,057	SH		SOLE		535,827	0	230
Mondelez International, Inc.	CL A	609207105	15,466	360,010	SH		SOLE		359,765	0	245
Nike, Inc.	CL B	654106103	18,110	213,763	SH		SOLE		213,763	0	0
Occidental Petroleum Corp.	COM	674599105	12,718	154,779	SH		SOLE		154,779	0	0
Oracle Corp.	COM	68389X105	43,570	845,029	SH		SOLE		844,659	0	370
PPG Industries, Inc.	COM	693506107	12,625	115,684	SH		SOLE		115,684	0	0
PepsiCo, Inc.	COM	713448108	24,077	215,360	SH		SOLE		215,190	0	170
Procter & Gamble Company	COM	742718109	8,173	98,195	SH		SOLE		98,195	0	0
Schlumberger Ltd.	COM	806857108	23,899	392,295	SH		SOLE		392,095	0	200
Stanley Black & Decker, Inc.	COM	854502101	20,001	136,581	SH		SOLE		136,481	0	100
Starbucks Corp.	COM	855244109	23,948	421,325	SH		SOLE		421,135	0	190
Stryker Corp.	COM	863667101	25,987	146,256	SH		SOLE		146,156	0	100
United Technologies Corp.	COM	913017109	44,945	321,475	SH		SOLE		321,330	0	145
Walt Disney Company	COM DISNEY	254687106	19,622	167,795	SH		SOLE		167,670	0	125
Waters Corp.	COM	941848103	14,786	75,950	SH		SOLE		75,900	0	50
Xcel Energy, Inc.	COM	98389B100	8,945	189,475	SH		SOLE		189,475	0	0
Zimmer Biomet Holdings, Inc.	COM	98956P102	9,146	69,566	SH		SOLE		69,566	0	0
Zoetis, Inc.	CL A	98978V103	29,286	319,851	SH		SOLE		319,646	0	205