Dividend Assets Capital 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
3M CO	COM	88579Y101	346	2,244	SH		SOLE		2,244	0	0
ABBOTT LABS	COM	002824100	271	5,521	SH		SOLE		5,521	0	0
AFLAC INC	COM	001055102	747	12,015	SH		SOLE		12,015	0	0
AIR PRODS & CHEMS INC	COM	009158106	285	2,086	SH		SOLE		2,086	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	711	45,675	SH		SOLE		45,675	0	0
ALTRIA GROUP INC	COM	02209S103	13	275	SH		DFND		275	0	0
ALTRIA GROUP INC	COM	02209S103	245	5,000	SH		SOLE		5,000	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	488	7,900	SH		SOLE		7,900	0	0
APPLE INC	COM	037833100	78	625	SH		DFND		625	0	0
APPLE INC	COM	037833100	858	6,839	SH		SOLE		6,839	0	0
APTARGROUP INC	COM	038336103	244	3,830	SH		SOLE		3,830	0	0
AT&T INC	COM	00206R102	994	27,997	SH		SOLE		27,997	0	0
AT&T INC	COM	00206R102	4	102	SH		DFND		102	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	146	1,825	SH		DFND		1,825	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	87,567	1,091,455	SH		SOLE		1,091,455	0	0
BALL CORP	COM	058498106	825	11,760	SH		SOLE		11,760	0	0
BANK AMER CORP	COM	060505104	236	13,884	SH		SOLE		13,884	0	0
BANK OF THE OZARKS INC	COM	063904106	144	3,155	SH		DFND		3,155	0	0
BANK OF THE OZARKS INC	COM	063904106	42,239	923,263	SH		SOLE		923,263	0	0
BECTON DICKINSON & CO	COM	075887109	219	1,543	SH		SOLE		1,543	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	245	1,803	SH		SOLE		1,803	0	0
BOEING CO	COM	097023105	10	70	SH		DFND		70	0	0
BOEING CO	COM	097023105	871	6,280	SH		SOLE		6,280	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	295	4,436	SH		SOLE		4,436	0	0
CALUMET SPECIALTY PRODS PTNR	UT LTD PARTNER	131476103	1,393	54,718	SH		SOLE		54,718	0	0
CANADIAN NATL RY CO	COM	136375102	243	4,210	SH		DFND		4,210	0	0
CANADIAN NATL RY CO	COM	136375102	112,106	1,941,235	SH		SOLE		1,941,235	0	0
CARDINAL HEALTH INC	COM	14149Y108	120	1,440	SH		DFND		1,440	0	0
CARDINAL HEALTH INC	COM	14149Y108	126,977	1,517,954	SH		SOLE		1,517,954	0	0
CHEVRON CORP NEW	COM	166764100	1,240	12,858	SH		SOLE		12,858	0	0
CHURCH & DWIGHT INC	COM	171340102	224	2,765	SH		DFND		2,765	0	0
CHURCH & DWIGHT INC	COM	171340102	109,780	1,353,140	SH		SOLE		1,353,140	0	0
CITIGROUP INC	COM NEW	172967424	463	8,375	SH		SOLE		8,375	0	0
COCA COLA CO	COM	191216100	47	1,200	SH		DFND		1,200	0	0
COCA COLA CO	COM	191216100	711	18,123	SH		SOLE		18,123	0	0
COLGATE PALMOLIVE CO	COM	194162103	453	6,930	SH		SOLE		6,930	0	0
COLUMBIA PIPELINE PARTNERS L	COM UT REPSTG	198281107	7,831	310,740	SH		SOLE		310,740	0	0
CONOCOPHILLIPS	COM	20825C104	280	4,563	SH		SOLE		4,563	0	0
CVS HEALTH CORP	COM	126650100	155	1,475	SH		DFND		1,475	0	0
CVS HEALTH CORP	COM	126650100	113,479	1,081,986	SH		SOLE		1,081,986	0	0
DELEK LOGISTICS PARTNERS LP	COM UNT RP INT	24664T103	491	10,667	SH		SOLE		10,667	0	0
DISNEY WALT CO	COM DISNEY	254687106	5	48	SH		DFND		48	0	0
DISNEY WALT CO	COM DISNEY	254687106	567	4,964	SH		SOLE		4,964	0	0
DOMINION RES INC VA NEW	COM	25746U109	396	5,921	SH		SOLE		5,921	0	0
ECOLAB INC	COM	278865100	500	4,422	SH		DFND		4,422	0	0
ECOLAB INC	COM	278865100	128,436	1,135,896	SH		SOLE		1,135,896	0	0
EMERSON ELEC CO	COM	291011104	609	10,985	SH		SOLE		10,985	0	0
ENABLE MIDSTREAM PARTNERS LP	COM UNIT RP IN	292480100	31,879	1,994,944	SH		SOLE		1,994,944	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	53	1,600	SH		DFND		1,600	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	11,326	339,811	SH		SOLE		339,811	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	103,726	1,616,432	SH		SOLE		1,616,432	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	441	6,880	SH		DFND		6,880	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	12,053	230,907	SH		SOLE		230,907	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	157	3,008	SH		DFND		3,008	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	454	15,190	SH		DFND		15,190	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	88,430	2,958,513	SH		SOLE		2,958,513	0	0
EOG RES INC	COM	26875P101	26	300	SH		DFND		300	0	0
EOG RES INC	COM	26875P101	104,601	1,194,752	SH		SOLE		1,194,752	0	0
EQT CORP	COM	26884L109	355	4,370	SH		SOLE		4,370	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	14	175	SH		DFND		175	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	65,889	808,051	SH		SOLE		808,051	0	0
EXXON MOBIL CORP	COM	30231G102	17	200	SH		DFND		200	0	0
EXXON MOBIL CORP	COM	30231G102	3,323	39,942	SH		SOLE		39,942	0	0
FACTSET RESH SYS INC	COM	303075105	88,550	544,887	SH		SOLE		544,887	0	0
FACTSET RESH SYS INC	COM	303075105	88	540	SH		DFND		540	0	0
FIRST TR EXCHANGE TRADED FD	NO AMER ENERGY	33738D101	255	10,060	SH		SOLE		10,060	0	0
FRANKLIN RES INC	COM	354613101	73,449	1,498,039	SH		SOLE		1,498,039	0	0
FRANKLIN RES INC	COM	354613101	101	2,050	SH		DFND		2,050	0	0
GENERAL ELECTRIC CO	COM	369604103	169	6,358	SH		DFND		6,358	0	0
GENERAL ELECTRIC CO	COM	369604103	1,861	70,034	SH		SOLE		70,034	0	0
GENERAL MTRS CO	COM	37045V100	3	90	SH		DFND		90	0	0
GENERAL MTRS CO	COM	37045V100	358	10,728	SH		SOLE		10,728	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	13	300	SH		DFND		300	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	56,106	1,278,340	SH		SOLE		1,278,340	0	0
GILEAD SCIENCES INC	COM	375558103	410	3,500	SH		SOLE		3,500	0	0
GLOBAL X FDS	GLB X MLP ENRG I	37950E226	646	35,985	SH		SOLE		35,985	0	0
GRAINGER W W INC	COM	384802104	88,490	373,926	SH		SOLE		373,926	0	0
GRAINGER W W INC	COM	384802104	128	540	SH		DFND		540	0	0
HARRIS CORP DEL	COM	413875105	93,224	1,212,119	SH		SOLE		1,212,119	0	0
HARRIS CORP DEL	COM	413875105	129	1,675	SH		DFND		1,675	0	0
HCC INS HLDGS INC	COM	404132102	101	1,310	SH		DFND		1,310	0	0
HCC INS HLDGS INC	COM	404132102	125,967	1,639,340	SH		SOLE		1,639,340	0	0
HOLLY ENERGY PARTNERS L P	COM UT LTD PTN	435763107	1,258	35,810	SH		SOLE		35,810	0	0
HORMEL FOODS CORP	COM	440452100	51	910	SH		DFND		910	0	0
HORMEL FOODS CORP	COM	440452100	95,214	1,689,083	SH		SOLE		1,689,083	0	0
ILLINOIS TOOL WKS INC	COM	452308109	41	445	SH		DFND		445	0	0
ILLINOIS TOOL WKS INC	COM	452308109	320	3,486	SH		SOLE		3,486	0	0
INTEL CORP	COM	458140100	155	5,101	SH		DFND		5,101	0	0
INTEL CORP	COM	458140100	3,966	130,399	SH		SOLE		130,399	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	2,026	12,453	SH		SOLE		12,453	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	49	300	SH		DFND		300	0	0
ISHARES TR	CORE US AGGBD ET	464287226	607	5,580	SH		SOLE		5,580	0	0
ISHARES TR	TIPS BD ETF	464287176	593	5,290	SH		SOLE		5,290	0	0
JOHNSON & JOHNSON	COM	478160104	34	350	SH		DFND		350	0	0
JOHNSON & JOHNSON	COM	478160104	2,214	22,712	SH		SOLE		22,712	0	0
JPMORGAN CHASE & CO	ALERIAN ML ETN	46625H365	830	20,965	SH		SOLE		20,965	0	0
JPMORGAN CHASE & CO	COM	46625H100	1,349	19,904	SH		SOLE		19,904	0	0
KINDER MORGAN INC DEL	COM	49456B101	51	1,334	SH		DFND		1,334	0	0
KINDER MORGAN INC DEL	COM	49456B101	9,080	236,517	SH		SOLE		236,517	0	0
LEGACY RESVS LP	UNIT LP INT	524707304	163	19,024	SH		SOLE		19,024	0	0
LEGGETT & PLATT INC	COM	524660107	1,049	21,550	SH		SOLE		21,550	0	0
LINN ENERGY LLC	UNIT LTD LIAB	536020100	846	94,950	SH		SOLE		94,950	0	0
LOWES COS INC	COM	548661107	93	1,395	SH		DFND		1,395	0	0
LOWES COS INC	COM	548661107	124,881	1,864,730	SH		SOLE		1,864,730	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	114,916	1,566,038	SH		SOLE		1,566,038	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	863	11,760	SH		DFND		11,760	0	0
MARKEL CORP	COM	570535104	324	405	SH		SOLE		405	0	0
MARKWEST ENERGY PARTNERS L P	UNIT LTD PARTN	570759100	2	30	SH		DFND		30	0	0
MARKWEST ENERGY PARTNERS L P	UNIT LTD PARTN	570759100	51,238	908,797	SH		SOLE		908,797	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	4	50	SH		DFND		50	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	41,840	516,860	SH		SOLE		516,860	0	0
MCDONALDS CORP	COM	580135101	3,088	32,482	SH		SOLE		32,482	0	0
MEDTRONIC PLC	SHS	G5960L103	335	4,517	SH		SOLE		4,517	0	0
MERCK & CO INC NEW	COM	58933Y105	341	5,990	SH		SOLE		5,990	0	0
MICROSOFT CORP	COM	594918104	321	7,266	SH		SOLE		7,266	0	0
MONOGRAM RESIDENTIAL TR INC	COM	60979P105	96	10,691	SH		SOLE		10,691	0	0
MONSANTO CO NEW	COM	61166W101	103,387	969,954	SH		SOLE		969,954	0	0
MONSANTO CO NEW	COM	61166W101	14	130	SH		DFND		130	0	0
NATIONAL GRID PLC	SPON ADR NEW	636274300	213	3,295	SH		SOLE		3,295	0	0
NEW YORK REIT INC	COM	64976L109	648	65,169	SH		SOLE		65,169	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	22	740	SH		DFND		740	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	44,639	1,471,768	SH		SOLE		1,471,768	0	0
NIKE INC	CL B	654106103	87	805	SH		DFND		805	0	0
NIKE INC	CL B	654106103	132,632	1,227,850	SH		SOLE		1,227,850	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	327	3,323	SH		SOLE		3,323	0	0
NOVO-NORDISK A S	ADR	670100205	687	12,540	SH		DFND		12,540	0	0
NOVO-NORDISK A S	ADR	670100205	150,503	2,748,420	SH		SOLE		2,748,420	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	837	14,096	SH		SOLE		14,096	0	0
NUSTAR GP HOLDINGS LLC	UNIT RESTG LLC	67059L102	749	19,680	SH		SOLE		19,680	0	0
NUVEEN NY AMT FREE MUN INCOM	COM	670656107	157	12,542	SH		SOLE		12,542	0	0
ONEOK PARTNERS LP	UNIT LTD PARTN	68268N103	1,630	47,948	SH		SOLE		47,948	0	0
ORION ENERGY SYSTEMS INC	COM	686275108	31	12,500	SH		SOLE		12,500	0	0
PARK STERLING CORP	COM	70086Y105	1,117	155,095	SH		SOLE		155,095	0	0
PARKER HANNIFIN CORP	COM	701094104	110	948	SH		DFND		948	0	0
PARKER HANNIFIN CORP	COM	701094104	104,265	896,284	SH		SOLE		896,284	0	0
PEPSICO INC	COM	713448108	72	775	SH		DFND		775	0	0
PEPSICO INC	COM	713448108	112,121	1,201,211	SH		SOLE		1,201,211	0	0
PERRIGO CO PLC	SHS	G97822103	102	550	SH		DFND		550	0	0
PERRIGO CO PLC	SHS	G97822103	143,455	776,143	SH		SOLE		776,143	0	0
PFIZER INC	COM	717081103	352	10,503	SH		SOLE		10,503	0	0
PHILIP MORRIS INTL INC	COM	718172109	37	464	SH		DFND		464	0	0
PHILIP MORRIS INTL INC	COM	718172109	323	4,034	SH		SOLE		4,034	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	524	7,275	SH		SOLE		7,275	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	13	175	SH		DFND		175	0	0
PIMCO ETF TR	TTL RTN ACTV ETF	72201R775	409	3,820	SH		SOLE		3,820	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	80,901	1,856,801	SH		SOLE		1,856,801	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	102	2,340	SH		DFND		2,340	0	0
PNC FINL SVCS GROUP INC	COM	693475105	500	5,225	SH		SOLE		5,225	0	0
POLARIS INDS INC	COM	731068102	127	856	SH		DFND		856	0	0
POLARIS INDS INC	COM	731068102	121,758	822,075	SH		SOLE		822,075	0	0
PPG INDS INC	COM	693506107	482	4,200	SH		SOLE		4,200	0	0
PRAXAIR INC	COM	74005P104	143	1,195	SH		DFND		1,195	0	0
PRAXAIR INC	COM	74005P104	62,576	523,432	SH		SOLE		523,432	0	0
PRICE T ROWE GROUP INC	COM	74144T108	71	915	SH		DFND		915	0	0
PRICE T ROWE GROUP INC	COM	74144T108	99,181	1,275,965	SH		SOLE		1,275,965	0	0
PROCTER & GAMBLE CO	COM	742718109	2,175	27,802	SH		SOLE		27,802	0	0
PUBLIC SVC ENTERPRISE GROUP	COM	744573106	254	6,470	SH		SOLE		6,470	0	0
QUALCOMM INC	COM	747525103	105,892	1,690,748	SH		SOLE		1,690,748	0	0
QUALCOMM INC	COM	747525103	122	1,955	SH		DFND		1,955	0	0
ROPER TECHNOLOGIES INC	COM	776696106	295	1,710	SH		DFND		1,710	0	0
ROPER TECHNOLOGIES INC	COM	776696106	125,921	730,146	SH		SOLE		730,146	0	0
ROSS STORES INC	COM	778296103	392	8,070	SH		SOLE		8,070	0	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	526	8,605	SH		SOLE		8,605	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	222	3,899	SH		SOLE		3,899	0	0
SANOFI	SPONSORED ADR	80105N105	334	6,745	SH		SOLE		6,745	0	0
SCHLUMBERGER LTD	COM	806857108	2	26	SH		DFND		26	0	0
SCHLUMBERGER LTD	COM	806857108	351	4,071	SH		SOLE		4,071	0	0
SHERWIN WILLIAMS CO	COM	824348106	53	193	SH		DFND		193	0	0
SHERWIN WILLIAMS CO	COM	824348106	121,103	440,343	SH		SOLE		440,343	0	0
SILVERCREST ASSET MGMT GROUP	CL A	828359109	155	11,031	SH		SOLE		11,031	0	0
SUNCOR ENERGY INC NEW	COM	867224107	3	100	SH		DFND		100	0	0
SUNCOR ENERGY INC NEW	COM	867224107	32,540	1,182,397	SH		SOLE		1,182,397	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	315	8,280	SH		DFND		8,280	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	102,835	2,704,052	SH		SOLE		2,704,052	0	0
SUNTRUST BKS INC	COM	867914103	1,073	24,939	SH		SOLE		24,939	0	0
TALLGRASS ENERGY GP LP	SHS CL A	874696107	1,730	53,805	SH		SOLE		53,805	0	0
TALLGRASS ENERGY PARTNERS LP	COM UNIT	874697105	1,180	24,550	SH		SOLE		24,550	0	0
TELEFLEX INC	COM	879369106	1,187	8,760	SH		SOLE		8,760	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	7	125	SH		DFND		125	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	50,823	889,750	SH		SOLE		889,750	0	0
TIFFANY & CO NEW	COM	886547108	56	615	SH		DFND		615	0	0
TIFFANY & CO NEW	COM	886547108	111,880	1,218,735	SH		SOLE		1,218,735	0	0
TJX COS INC NEW	COM	872540109	131	1,978	SH		DFND		1,978	0	0
TJX COS INC NEW	COM	872540109	118,648	1,793,073	SH		SOLE		1,793,073	0	0
UNILEVER N V	N Y SHS NEW	904784709	400	9,550	SH		SOLE		9,550	0	0
UNION PAC CORP	COM	907818108	17	175	SH		DFND		175	0	0
UNION PAC CORP	COM	907818108	1,031	10,814	SH		SOLE		10,814	0	0
UNITED DEV FDG IV	COM	910187103	308	17,600	SH		SOLE		17,600	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	117	1,055	SH		DFND		1,055	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	91,415	824,080	SH		SOLE		824,080	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	419	3,435	SH		SOLE		3,435	0	0
US BANCORP DEL	COM NEW	902973304	87	2,000	SH		DFND		2,000	0	0
US BANCORP DEL	COM NEW	902973304	339	7,815	SH		SOLE		7,815	0	0
V F CORP	COM	918204108	282	4,040	SH		DFND		4,040	0	0
V F CORP	COM	918204108	125,519	1,799,812	SH		SOLE		1,799,812	0	0
VALSPAR CORP	COM	920355104	99	1,210	SH		DFND		1,210	0	0
VALSPAR CORP	COM	920355104	107,638	1,315,552	SH		SOLE		1,315,552	0	0
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	264	1,400	SH		SOLE		1,400	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	33	709	SH		DFND		709	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	321	6,881	SH		SOLE		6,881	0	0
W P CAREY INC	COM	92936U109	265	4,500	SH		SOLE		4,500	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	93	1,100	SH		DFND		1,100	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	533	6,314	SH		SOLE		6,314	0	0
WAL-MART STORES INC	COM	931142103	71	1,000	SH		DFND		1,000	0	0
WAL-MART STORES INC	COM	931142103	710	10,008	SH		SOLE		10,008	0	0
WELLS FARGO & CO NEW	COM	949746101	938	16,678	SH		SOLE		16,678	0	0
WESTERN GAS EQUITY PARTNERS	COMUNT LTD PT	95825R103	4,321	72,010	SH		SOLE		72,010	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	50,691	799,919	SH		SOLE		799,919	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	52,594	1,085,980	SH		SOLE		1,085,980	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	151	3,125	SH		DFND		3,125	0	0