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	318	2,244	SH		SOLE		2,244	0	0
ABBOTT LABS	COM	002824100	226	5,631	SH		SOLE		5,631	0	0
ACE LTD	SHS	H0023R105	81	786	SH		DFND		786	0	0
ACE LTD	SHS	H0023R105	45,337	438,465	SH		SOLE		438,465	0	0
AFLAC INC	COM	001055102	693	11,915	SH		SOLE		11,915	0	0
AIR PRODS & CHEMS INC	COM	009158106	263	2,061	SH		SOLE		2,061	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	494	39,575	SH		SOLE		39,575	0	0
ALTRIA GROUP INC	COM	02209S103	15	275	SH		DFND		275	0	0
ALTRIA GROUP INC	COM	02209S103	394	7,250	SH		SOLE		7,250	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	449	7,900	SH		SOLE		7,900	0	0
APPLE INC	COM	037833100	74	675	SH		DFND		675	0	0
APPLE INC	COM	037833100	703	6,369	SH		SOLE		6,369	0	0
APTARGROUP INC	COM	038336103	253	3,830	SH		SOLE		3,830	0	0
AT&T INC	COM	00206R102	3	102	SH		DFND		102	0	0
AT&T INC	COM	00206R102	897	27,527	SH		SOLE		27,527	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	155	1,925	SH		DFND		1,925	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	89,904	1,118,760	SH		SOLE		1,118,760	0	0
BALL CORP	COM	058498106	731	11,760	SH		SOLE		11,760	0	0
BANK AMER CORP	COM	060505104	193	12,384	SH		SOLE		12,384	0	0
BANK OF THE OZARKS INC	COM	063904106	149	3,394	SH		DFND		3,394	0	0
BANK OF THE OZARKS INC	COM	063904106	39,618	905,345	SH		SOLE		905,345	0	0
BECTON DICKINSON & CO	COM	075887109	205	1,543	SH		SOLE		1,543	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	246	1,883	SH		SOLE		1,883	0	0
BOEING CO	COM	097023105	9	70	SH		DFND		70	0	0
BOEING CO	COM	097023105	829	6,330	SH		SOLE		6,330	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	263	4,436	SH		SOLE		4,436	0	0
CALUMET SPECIALTY PRODS PTNR	UT LTD PARTNER	131476103	1,872	77,103	SH		SOLE		77,103	0	0
CANADIAN NATL RY CO	COM	136375102	239	4,210	SH		DFND		4,210	0	0
CANADIAN NATL RY CO	COM	136375102	111,326	1,961,338	SH		SOLE		1,961,338	0	0
CARDINAL HEALTH INC	COM	14149Y108	173	2,252	SH		DFND		2,252	0	0
CARDINAL HEALTH INC	COM	14149Y108	117,281	1,526,693	SH		SOLE		1,526,693	0	0
CHEVRON CORP NEW	COM	166764100	968	12,276	SH		SOLE		12,276	0	0
CHURCH & DWIGHT INC	COM	171340102	232	2,765	SH		DFND		2,765	0	0
CHURCH & DWIGHT INC	COM	171340102	113,356	1,351,079	SH		SOLE		1,351,079	0	0
CITIGROUP INC	COM NEW	172967424	411	8,275	SH		SOLE		8,275	0	0
COCA COLA CO	COM	191216100	48	1,200	SH		DFND		1,200	0	0
COCA COLA CO	COM	191216100	691	17,213	SH		SOLE		17,213	0	0
COLGATE PALMOLIVE CO	COM	194162103	440	6,930	SH		SOLE		6,930	0	0
COLUMBIA PIPELINE PARTNERS L	COM UT REPSTG	198281107	12,299	971,489	SH		SOLE		971,489	0	0
CONOCOPHILLIPS	COM	20825C104	238	4,963	SH		SOLE		4,963	0	0
CVS HEALTH CORP	COM	126650100	106,631	1,105,217	SH		SOLE		1,105,217	0	0
CVS HEALTH CORP	COM	126650100	194	2,015	SH		DFND		2,015	0	0
DELEK LOGISTICS PARTNERS LP	COM UNT RP INT	24664T103	322	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	540	5,284	SH		SOLE		5,284	0	0
DOMINION RES INC VA NEW	COM	25746U109	417	5,921	SH		SOLE		5,921	0	0
ECOLAB INC	COM	278865100	485	4,422	SH		DFND		4,422	0	0
ECOLAB INC	COM	278865100	124,444	1,134,199	SH		SOLE		1,134,199	0	0
EMERSON ELEC CO	COM	291011104	485	10,985	SH		SOLE		10,985	0	0
ENABLE MIDSTREAM PARTNERS LP	COM UNIT RP IN	292480100	26,162	2,069,741	SH		SOLE		2,069,741	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	8,202	331,814	SH		SOLE		331,814	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	40	1,600	SH		DFND		1,600	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	64,707	3,109,409	SH		SOLE		3,109,409	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	286	13,760	SH		DFND		13,760	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	124	3,008	SH		DFND		3,008	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	9,094	221,421	SH		SOLE		221,421	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	379	15,210	SH		DFND		15,210	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	71,502	2,871,569	SH		SOLE		2,871,569	0	0
EOG RES INC	COM	26875P101	22	300	SH		DFND		300	0	0
EOG RES INC	COM	26875P101	81,259	1,116,189	SH		SOLE		1,116,189	0	0
EQT CORP	COM	26884L109	283	4,370	SH		SOLE		4,370	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	12	175	SH		DFND		175	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	50,098	755,282	SH		SOLE		755,282	0	0
EXXON MOBIL CORP	COM	30231G102	2,911	39,153	SH		SOLE		39,153	0	0
EXXON MOBIL CORP	COM	30231G102	28	380	SH		DFND		380	0	0
FACTSET RESH SYS INC	COM	303075105	94	590	SH		DFND		590	0	0
FACTSET RESH SYS INC	COM	303075105	87,403	546,917	SH		SOLE		546,917	0	0
FIRST TR EXCHANGE TRADED FD	NO AMER ENERGY	33738D101	220	10,060	SH		SOLE		10,060	0	0
FRANKLIN RES INC	COM	354613101	15	390	SH		DFND		390	0	0
FRANKLIN RES INC	COM	354613101	606	16,255	SH		SOLE		16,255	0	0
GENERAL ELECTRIC CO	COM	369604103	160	6,358	SH		DFND		6,358	0	0
GENERAL ELECTRIC CO	COM	369604103	1,765	69,971	SH		SOLE		69,971	0	0
GENERAL MTRS CO	COM	37045V100	3	90	SH		DFND		90	0	0
GENERAL MTRS CO	COM	37045V100	322	10,728	SH		SOLE		10,728	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	12	300	SH		DFND		300	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	53,288	1,389,885	SH		SOLE		1,389,885	0	0
GILEAD SCIENCES INC	COM	375558103	363	3,702	SH		SOLE		3,702	0	0
GLOBAL NET LEASE INC	COM	379378102	115	12,501	SH		SOLE		12,501	0	0
GLOBAL X FDS	GLB X MLP ENRG I	37950E226	395	29,135	SH		SOLE		29,135	0	0
HARRIS CORP DEL	COM	413875105	123	1,675	SH		DFND		1,675	0	0
HARRIS CORP DEL	COM	413875105	88,946	1,215,943	SH		SOLE		1,215,943	0	0
HCC INS HLDGS INC	COM	404132102	101	1,310	SH		DFND		1,310	0	0
HCC INS HLDGS INC	COM	404132102	114,228	1,474,486	SH		SOLE		1,474,486	0	0
HENRY JACK & ASSOC INC	COM	426281101	10	145	SH		DFND		145	0	0
HENRY JACK & ASSOC INC	COM	426281101	19,131	274,834	SH		SOLE		274,834	0	0
HOLLY ENERGY PARTNERS L P	COM UT LTD PTN	435763107	1,034	35,610	SH		SOLE		35,610	0	0
HORMEL FOODS CORP	COM	440452100	58	910	SH		DFND		910	0	0
HORMEL FOODS CORP	COM	440452100	107,459	1,697,349	SH		SOLE		1,697,349	0	0
ILLINOIS TOOL WKS INC	COM	452308109	37	445	SH		DFND		445	0	0
ILLINOIS TOOL WKS INC	COM	452308109	52,308	635,505	SH		SOLE		635,505	0	0
INTEL CORP	COM	458140100	154	5,101	SH		DFND		5,101	0	0
INTEL CORP	COM	458140100	978	32,435	SH		SOLE		32,435	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	1,540	10,623	SH		SOLE		10,623	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	43	300	SH		DFND		300	0	0
ISHARES TR	CORE US AGGBD ET	464287226	638	5,820	SH		SOLE		5,820	0	0
ISHARES TR	TIPS BD ETF	464287176	586	5,290	SH		SOLE		5,290	0	0
JOHNSON & JOHNSON	COM	478160104	33	350	SH		DFND		350	0	0
JOHNSON & JOHNSON	COM	478160104	2,204	23,607	SH		SOLE		23,607	0	0
JPMORGAN CHASE & CO	ALERIAN ML ETN	46625H365	475	15,615	SH		SOLE		15,615	0	0
JPMORGAN CHASE & CO	COM	46625H100	1,234	20,237	SH		SOLE		20,237	0	0
KINDER MORGAN INC DEL	COM	49456B101	37	1,334	SH		DFND		1,334	0	0
KINDER MORGAN INC DEL	COM	49456B101	6,448	232,941	SH		SOLE		232,941	0	0
LEGGETT & PLATT INC	COM	524660107	881	21,350	SH		SOLE		21,350	0	0
LINN ENERGY LLC	UNIT LTD LIAB	536020100	208	77,300	SH		SOLE		77,300	0	0
LOWES COS INC	COM	548661107	131,650	1,910,187	SH		SOLE		1,910,187	0	0
LOWES COS INC	COM	548661107	126	1,823	SH		DFND		1,823	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	707	11,760	SH		DFND		11,760	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	86,563	1,440,074	SH		SOLE		1,440,074	0	0
MARKEL CORP	COM	570535104	325	405	SH		SOLE		405	0	0
MARKWEST ENERGY PARTNERS L P	UNIT LTD PARTN	570759100	1	30	SH		DFND		30	0	0
MARKWEST ENERGY PARTNERS L P	UNIT LTD PARTN	570759100	40,643	947,170	SH		SOLE		947,170	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	4	50	SH		DFND		50	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	42,032	511,460	SH		SOLE		511,460	0	0
MCDONALDS CORP	COM	580135101	1,828	18,552	SH		SOLE		18,552	0	0
MEDTRONIC PLC	SHS	G5960L103	311	4,644	SH		SOLE		4,644	0	0
MERCK & CO INC NEW	COM	58933Y105	296	5,990	SH		SOLE		5,990	0	0
MICROSOFT CORP	COM	594918104	328	7,416	SH		SOLE		7,416	0	0
MONSANTO CO NEW	COM	61166W101	74	862	SH		DFND		862	0	0
MONSANTO CO NEW	COM	61166W101	86,935	1,018,694	SH		SOLE		1,018,694	0	0
NATIONAL GRID PLC	SPON ADR NEW	636274300	229	3,295	SH		SOLE		3,295	0	0
NEW YORK REIT INC	COM	64976L109	300	29,864	SH		SOLE		29,864	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	15	740	SH		DFND		740	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	34,540	1,729,578	SH		SOLE		1,729,578	0	0
NIKE INC	CL B	654106103	45	368	SH		DFND		368	0	0
NIKE INC	CL B	654106103	147,771	1,201,681	SH		SOLE		1,201,681	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	305	3,323	SH		SOLE		3,323	0	0
NOVO-NORDISK A S	ADR	670100205	697	12,845	SH		DFND		12,845	0	0
NOVO-NORDISK A S	ADR	670100205	149,024	2,747,499	SH		SOLE		2,747,499	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	496	11,071	SH		SOLE		11,071	0	0
NUSTAR GP HOLDINGS LLC	UNIT RESTG LLC	67059L102	524	19,600	SH		SOLE		19,600	0	0
NUVEEN NY AMT FREE MUN INCOM	COM	670656107	158	12,542	SH		SOLE		12,542	0	0
ONEOK PARTNERS LP	UNIT LTD PARTN	68268N103	1,287	43,998	SH		SOLE		43,998	0	0
PARK STERLING CORP	COM	70086Y105	1,055	155,095	SH		SOLE		155,095	0	0
PARKER HANNIFIN CORP	COM	701094104	92	948	SH		DFND		948	0	0
PARKER HANNIFIN CORP	COM	701094104	87,089	895,055	SH		SOLE		895,055	0	0
PEPSICO INC	COM	713448108	73	775	SH		DFND		775	0	0
PEPSICO INC	COM	713448108	117,194	1,242,776	SH		SOLE		1,242,776	0	0
PERRIGO CO PLC	SHS	G97822103	116	735	SH		DFND		735	0	0
PERRIGO CO PLC	SHS	G97822103	122,774	780,655	SH		SOLE		780,655	0	0
PFIZER INC	COM	717081103	336	10,713	SH		SOLE		10,713	0	0
PHILIP MORRIS INTL INC	COM	718172109	37	464	SH		DFND		464	0	0
PHILIP MORRIS INTL INC	COM	718172109	499	6,284	SH		SOLE		6,284	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	358	7,275	SH		SOLE		7,275	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	9	175	SH		DFND		175	0	0
PIMCO ETF TR	TTL RTN ACTV ETF	72201R775	387	3,670	SH		SOLE		3,670	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	61,781	2,033,597	SH		SOLE		2,033,597	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	71	2,340	SH		DFND		2,340	0	0
PNC FINL SVCS GROUP INC	COM	693475105	466	5,225	SH		SOLE		5,225	0	0
POLARIS INDS INC	COM	731068102	119	995	SH		DFND		995	0	0
POLARIS INDS INC	COM	731068102	102,051	851,344	SH		SOLE		851,344	0	0
PPG INDS INC	COM	693506107	368	4,200	SH		SOLE		4,200	0	0
PRAXAIR INC	COM	74005P104	38	375	SH		DFND		375	0	0
PRAXAIR INC	COM	74005P104	1,829	17,955	SH		SOLE		17,955	0	0
PRICE T ROWE GROUP INC	COM	74144T108	75	1,079	SH		DFND		1,079	0	0
PRICE T ROWE GROUP INC	COM	74144T108	88,350	1,271,226	SH		SOLE		1,271,226	0	0
PROCTER & GAMBLE CO	COM	742718109	1,986	27,612	SH		SOLE		27,612	0	0
PUBLIC SVC ENTERPRISE GROUP	COM	744573106	273	6,470	SH		SOLE		6,470	0	0
QUALCOMM INC	COM	747525103	58	1,085	SH		DFND		1,085	0	0
QUALCOMM INC	COM	747525103	42,202	785,442	SH		SOLE		785,442	0	0
ROPER TECHNOLOGIES INC	COM	776696106	268	1,710	SH		DFND		1,710	0	0
ROPER TECHNOLOGIES INC	COM	776696106	114,216	728,882	SH		SOLE		728,882	0	0
ROSS STORES INC	COM	778296103	391	8,070	SH		SOLE		8,070	0	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	475	8,605	SH		SOLE		8,605	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	220	4,632	SH		SOLE		4,632	0	0
SANOFI	SPONSORED ADR	80105N105	277	5,825	SH		SOLE		5,825	0	0
SCHLUMBERGER LTD	COM	806857108	2	26	SH		DFND		26	0	0
SCHLUMBERGER LTD	COM	806857108	281	4,071	SH		SOLE		4,071	0	0
SHERWIN WILLIAMS CO	COM	824348106	79	356	SH		DFND		356	0	0
SHERWIN WILLIAMS CO	COM	824348106	99,432	446,323	SH		SOLE		446,323	0	0
SILVERCREST ASSET MGMT GROUP	CL A	828359109	119	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	43,644	1,633,400	SH		SOLE		1,633,400	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	83,143	2,900,995	SH		SOLE		2,900,995	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	238	8,295	SH		DFND		8,295	0	0
SUNTRUST BKS INC	COM	867914103	954	24,939	SH		SOLE		24,939	0	0
TALLGRASS ENERGY GP LP	SHS CL A	874696107	1	60	SH		DFND		60	0	0
TALLGRASS ENERGY GP LP	SHS CL A	874696107	11,556	581,563	SH		SOLE		581,563	0	0
TALLGRASS ENERGY PARTNERS LP	COM UNIT	874697105	15,172	386,150	SH		SOLE		386,150	0	0
TELEFLEX INC	COM	879369106	1,088	8,760	SH		SOLE		8,760	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	6	125	SH		DFND		125	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	39,970	888,216	SH		SOLE		888,216	0	0
TIFFANY & CO NEW	COM	886547108	86	1,116	SH		DFND		1,116	0	0
TIFFANY & CO NEW	COM	886547108	75,789	981,474	SH		SOLE		981,474	0	0
TJX COS INC NEW	COM	872540109	141	1,978	SH		DFND		1,978	0	0
TJX COS INC NEW	COM	872540109	128,066	1,793,135	SH		SOLE		1,793,135	0	0
UNILEVER N V	N Y SHS NEW	904784709	384	9,550	SH		SOLE		9,550	0	0
UNION PAC CORP	COM	907818108	15	175	SH		DFND		175	0	0
UNION PAC CORP	COM	907818108	954	10,794	SH		SOLE		10,794	0	0
UNITED DEV FDG IV	COM	910187103	310	17,600	SH		SOLE		17,600	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	40	450	SH		DFND		450	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	51,112	574,353	SH		SOLE		574,353	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	415	3,575	SH		SOLE		3,575	0	0
US BANCORP DEL	COM NEW	902973304	82	2,000	SH		DFND		2,000	0	0
US BANCORP DEL	COM NEW	902973304	320	7,815	SH		SOLE		7,815	0	0
V F CORP	COM	918204108	268	3,926	SH		DFND		3,926	0	0
V F CORP	COM	918204108	121,161	1,776,298	SH		SOLE		1,776,298	0	0
VALSPAR CORP	COM	920355104	139	1,934	SH		DFND		1,934	0	0
VALSPAR CORP	COM	920355104	95,271	1,325,413	SH		SOLE		1,325,413	0	0
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	246	1,400	SH		SOLE		1,400	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	31	709	SH		DFND		709	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	305	7,003	SH		SOLE		7,003	0	0
W P CAREY INC	COM	92936U109	260	4,500	SH		SOLE		4,500	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	91	1,100	SH		DFND		1,100	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	522	6,279	SH		SOLE		6,279	0	0
WAL-MART STORES INC	COM	931142103	65	1,000	SH		DFND		1,000	0	0
WAL-MART STORES INC	COM	931142103	628	9,692	SH		SOLE		9,692	0	0
WELLS FARGO & CO NEW	COM	949746101	861	16,758	SH		SOLE		16,758	0	0
WESTERN GAS EQUITY PARTNERS	COMUNT LTD PT	95825R103	2,848	72,235	SH		SOLE		72,235	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	30,194	644,898	SH		SOLE		644,898	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	33,787	1,058,503	SH		SOLE		1,058,503	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	100	3,125	SH		DFND		3,125	0	0