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	374	2,244	SH		SOLE		2,244	0	0
ABBOTT LABS	COM	002824100	293	7,001	SH		SOLE		7,001	0	0
ABBVIE INC	COM	00287Y109	272	4,756	SH		SOLE		4,756	0	0
AFLAC INC	COM	001055102	33	525	SH		DFND		525	0	0
AFLAC INC	COM	001055102	27,054	428,475	SH		SOLE		428,475	0	0
AIR PRODS & CHEMS INC	COM	009158106	342	2,376	SH		SOLE		2,376	0	0
AIRGAS INC	COM	009363102	212	1,500	SH		SOLE		1,500	0	0
ALPHABET INC	CAP STK CL C	02079K107	15	20	SH		DFND		20	0	0
ALPHABET INC	CAP STK CL C	02079K107	262	352	SH		SOLE		352	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	578	52,975	SH		SOLE		52,975	0	0
ALTRIA GROUP INC	COM	02209S103	17	275	SH		DFND		275	0	0
ALTRIA GROUP INC	COM	02209S103	454	7,250	SH		SOLE		7,250	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	585	10,825	SH		SOLE		10,825	0	0
APPLE INC	COM	037833100	74	675	SH		DFND		675	0	0
APPLE INC	COM	037833100	720	6,605	SH		SOLE		6,605	0	0
APTARGROUP INC	COM	038336103	281	3,580	SH		SOLE		3,580	0	0
AT&T INC	COM	00206R102	4	102	SH		DFND		102	0	0
AT&T INC	COM	00206R102	1,315	33,565	SH		SOLE		33,565	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	173	1,925	SH		DFND		1,925	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	99,569	1,109,895	SH		SOLE		1,109,895	0	0
BALL CORP	COM	058498106	838	11,760	SH		SOLE		11,760	0	0
BANK AMER CORP	COM	060505104	171	12,681	SH		SOLE		12,681	0	0
BANK OF THE OZARKS INC	COM	063904106	208	4,964	SH		DFND		4,964	0	0
BANK OF THE OZARKS INC	COM	063904106	54,922	1,308,611	SH		SOLE		1,308,611	0	0
BECTON DICKINSON & CO	COM	075887109	310	2,043	SH		SOLE		2,043	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	260	1,836	SH		SOLE		1,836	0	0
BOEING CO	COM	097023105	680	5,360	SH		SOLE		5,360	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	296	4,636	SH		SOLE		4,636	0	0
CALUMET SPECIALTY PRODS PTNR	UT LTD PARTNER	131476103	827	70,348	SH		SOLE		70,348	0	0
CANADIAN NATL RY CO	COM	136375102	263	4,210	SH		DFND		4,210	0	0
CANADIAN NATL RY CO	COM	136375102	96,022	1,537,334	SH		SOLE		1,537,334	0	0
CARDINAL HEALTH INC	COM	14149Y108	191	2,333	SH		DFND		2,333	0	0
CARDINAL HEALTH INC	COM	14149Y108	126,161	1,539,484	SH		SOLE		1,539,484	0	0
CHEVRON CORP NEW	COM	166764100	12	125	SH		DFND		125	0	0
CHEVRON CORP NEW	COM	166764100	1,164	12,200	SH		SOLE		12,200	0	0
CHUBB LIMITED	COM	H1467J104	164	1,376	SH		DFND		1,376	0	0
CHUBB LIMITED	COM	H1467J104	86,513	726,088	SH		SOLE		726,088	0	0
CHURCH & DWIGHT INC	COM	171340102	255	2,765	SH		DFND		2,765	0	0
CHURCH & DWIGHT INC	COM	171340102	90,507	981,851	SH		SOLE		981,851	0	0
CITIGROUP INC	COM NEW	172967424	390	9,350	SH		SOLE		9,350	0	0
COCA COLA CO	COM	191216100	56	1,200	SH		DFND		1,200	0	0
COCA COLA CO	COM	191216100	837	18,042	SH		SOLE		18,042	0	0
COLGATE PALMOLIVE CO	COM	194162103	544	7,705	SH		SOLE		7,705	0	0
COLUMBIA PIPELINE PARTNERS L	COM UT REPSTG	198281107	8	550	SH		DFND		550	0	0
COLUMBIA PIPELINE PARTNERS L	COM UT REPSTG	198281107	18,245	1,249,674	SH		SOLE		1,249,674	0	0
CVS HEALTH CORP	COM	126650100	304	2,931	SH		DFND		2,931	0	0
CVS HEALTH CORP	COM	126650100	120,399	1,160,700	SH		SOLE		1,160,700	0	0
DELEK LOGISTICS PARTNERS LP	COM UNT RP INT	24664T103	313	9,967	SH		SOLE		9,967	0	0
DISNEY WALT CO	COM DISNEY	254687106	5	48	SH		DFND		48	0	0
DISNEY WALT CO	COM DISNEY	254687106	289	2,913	SH		SOLE		2,913	0	0
DOMINION RES INC VA NEW	COM	25746U109	406	5,411	SH		SOLE		5,411	0	0
ECOLAB INC	COM	278865100	493	4,422	SH		DFND		4,422	0	0
ECOLAB INC	COM	278865100	125,803	1,128,078	SH		SOLE		1,128,078	0	0
EMERSON ELEC CO	COM	291011104	373	6,860	SH		SOLE		6,860	0	0
ENABLE MIDSTREAM PARTNERS LP	COM UNIT RP IN	292480100	17,319	2,023,254	SH		SOLE		2,023,254	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	18	1,000	SH		DFND		1,000	0	0
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	4,449	242,851	SH		SOLE		242,851	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	62	8,630	SH		DFND		8,630	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	26,045	3,652,818	SH		SOLE		3,652,818	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	94	2,911	SH		DFND		2,911	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	7,340	226,961	SH		SOLE		226,961	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	374	15,210	SH		DFND		15,210	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	69,687	2,830,487	SH		SOLE		2,830,487	0	0
EOG RES INC	COM	26875P101	7	100	SH		DFND		100	0	0
EOG RES INC	COM	26875P101	80,978	1,115,706	SH		SOLE		1,115,706	0	0
EQT CORP	COM	26884L109	294	4,370	SH		SOLE		4,370	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	16	210	SH		DFND		210	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	57,412	771,357	SH		SOLE		771,357	0	0
EXXON MOBIL CORP	COM	30231G102	3,085	36,904	SH		SOLE		36,904	0	0
EXXON MOBIL CORP	COM	30231G102	14	163	SH		DFND		163	0	0
FACTSET RESH SYS INC	COM	303075105	97	643	SH		DFND		643	0	0
FACTSET RESH SYS INC	COM	303075105	82,622	545,250	SH		SOLE		545,250	0	0
FIRST TR EXCHANGE TRADED FD	NO AMER ENERGY	33738D101	220	10,060	SH		SOLE		10,060	0	0
GENERAL ELECTRIC CO	COM	369604103	202	6,358	SH		DFND		6,358	0	0
GENERAL ELECTRIC CO	COM	369604103	2,086	65,618	SH		SOLE		65,618	0	0
GENERAL MTRS CO	COM	37045V100	3	90	SH		DFND		90	0	0
GENERAL MTRS CO	COM	37045V100	349	11,100	SH		SOLE		11,100	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	10	300	SH		DFND		300	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	53,782	1,691,795	SH		SOLE		1,691,795	0	0
GILEAD SCIENCES INC	COM	375558103	234	2,547	SH		SOLE		2,547	0	0
GILEAD SCIENCES INC	COM	375558103	10	105	SH		DFND		105	0	0
GLOBAL NET LEASE INC	COM	379378102	107	12,501	SH		SOLE		12,501	0	0
GLOBAL X FDS	GLB X MLP ENRG I	37950E226	338	29,435	SH		SOLE		29,435	0	0
HARRIS CORP DEL	COM	413875105	121	1,560	SH		DFND		1,560	0	0
HARRIS CORP DEL	COM	413875105	93,554	1,201,562	SH		SOLE		1,201,562	0	0
HENRY JACK & ASSOC INC	COM	426281101	12	145	SH		DFND		145	0	0
HENRY JACK & ASSOC INC	COM	426281101	38,566	456,019	SH		SOLE		456,019	0	0
HOLLY ENERGY PARTNERS L P	COM UT LTD PTN	435763107	1,039	30,710	SH		SOLE		30,710	0	0
HORMEL FOODS CORP	COM	440452100	42	980	SH		DFND		980	0	0
HORMEL FOODS CORP	COM	440452100	96,708	2,236,539	SH		SOLE		2,236,539	0	0
ILLINOIS TOOL WKS INC	COM	452308109	46	445	SH		DFND		445	0	0
ILLINOIS TOOL WKS INC	COM	452308109	81,424	794,846	SH		SOLE		794,846	0	0
INTEL CORP	COM	458140100	396	12,245	SH		SOLE		12,245	0	0
INTEL CORP	COM	458140100	165	5,101	SH		DFND		5,101	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	45	300	SH		DFND		300	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	914	6,035	SH		SOLE		6,035	0	0
ISHARES TR	CORE US AGGBD ET	464287226	440	3,970	SH		SOLE		3,970	0	0
ISHARES TR	RUS 1000 ETF	464287622	218	1,908	SH		SOLE		1,908	0	0
ISHARES TR	TIPS BD ETF	464287176	606	5,287	SH		SOLE		5,287	0	0
JARDEN CORP	COM	471109108	227	3,847	SH		SOLE		3,847	0	0
JOHNSON & JOHNSON	COM	478160104	38	350	SH		DFND		350	0	0
JOHNSON & JOHNSON	COM	478160104	2,522	23,305	SH		SOLE		23,305	0	0
JPMORGAN CHASE & CO	ALERIAN ML ETN	46625H365	405	14,958	SH		SOLE		14,958	0	0
JPMORGAN CHASE & CO	COM	46625H100	1,496	25,263	SH		SOLE		25,263	0	0
KINDER MORGAN INC DEL	COM	49456B101	223	12,500	SH		SOLE		12,500	0	0
LEGGETT & PLATT INC	COM	524660107	1,106	22,850	SH		SOLE		22,850	0	0
LOWES COS INC	COM	548661107	137,860	1,819,934	SH		SOLE		1,819,934	0	0
LOWES COS INC	COM	548661107	166	2,198	SH		DFND		2,198	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	595	8,650	SH		DFND		8,650	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	93,163	1,354,120	SH		SOLE		1,354,120	0	0
MARKEL CORP	COM	570535104	383	430	SH		SOLE		430	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	5	50	SH		DFND		50	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	590	5,935	SH		SOLE		5,935	0	0
MCDONALDS CORP	COM	580135101	1,864	14,835	SH		SOLE		14,835	0	0
MEDTRONIC PLC	SHS	G5960L103	375	4,994	SH		SOLE		4,994	0	0
MERCK & CO INC NEW	COM	58933Y105	227	4,285	SH		SOLE		4,285	0	0
MICROSOFT CORP	COM	594918104	6	105	SH		DFND		105	0	0
MICROSOFT CORP	COM	594918104	324	5,865	SH		SOLE		5,865	0	0
MONSANTO CO NEW	COM	61166W101	115	1,306	SH		DFND		1,306	0	0
MONSANTO CO NEW	COM	61166W101	55,112	628,128	SH		SOLE		628,128	0	0
MPLX LP	COM UNIT REP LTD	55336V100	606	20,403	SH		SOLE		20,403	0	0
NATIONAL GRID PLC	SPON ADR NEW	636274300	235	3,295	SH		SOLE		3,295	0	0
NEW YORK REIT INC	COM	64976L109	154	15,295	SH		SOLE		15,295	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	2	265	SH		DFND		265	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	13,188	1,753,703	SH		SOLE		1,753,703	0	0
NIKE INC	CL B	654106103	121	1,971	SH		DFND		1,971	0	0
NIKE INC	CL B	654106103	102,454	1,666,738	SH		SOLE		1,666,738	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	352	4,860	SH		SOLE		4,860	0	0
NOVO-NORDISK A S	ADR	670100205	552	10,182	SH		DFND		10,182	0	0
NOVO-NORDISK A S	ADR	670100205	142,025	2,620,865	SH		SOLE		2,620,865	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	415	10,271	SH		SOLE		10,271	0	0
NUSTAR GP HOLDINGS LLC	UNIT RESTG LLC	67059L102	284	13,700	SH		SOLE		13,700	0	0
NUVEEN NY AMT FREE MUN INCOM	COM	670656107	169	12,542	SH		SOLE		12,542	0	0
ONEOK PARTNERS LP	UNIT LTD PARTN	68268N103	958	30,513	SH		SOLE		30,513	0	0
ORACLE CORP	COM	68389X105	237	5,800	SH		SOLE		5,800	0	0
PARK STERLING CORP	COM	70086Y105	609	91,334	SH		SOLE		91,334	0	0
PARKER HANNIFIN CORP	COM	701094104	34	308	SH		DFND		308	0	0
PARKER HANNIFIN CORP	COM	701094104	48,677	438,212	SH		SOLE		438,212	0	0
PEPSICO INC	COM	713448108	85	825	SH		DFND		825	0	0
PEPSICO INC	COM	713448108	118,653	1,157,816	SH		SOLE		1,157,816	0	0
PERRIGO CO PLC	SHS	G97822103	122	952	SH		DFND		952	0	0
PERRIGO CO PLC	SHS	G97822103	116,121	907,693	SH		SOLE		907,693	0	0
PFIZER INC	COM	717081103	410	13,844	SH		SOLE		13,844	0	0
PHILIP MORRIS INTL INC	COM	718172109	46	464	SH		DFND		464	0	0
PHILIP MORRIS INTL INC	COM	718172109	636	6,484	SH		SOLE		6,484	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	11	175	SH		DFND		175	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	455	7,275	SH		SOLE		7,275	0	0
PIMCO ETF TR	TTL RTN ACTV ETF	72201R775	441	4,184	SH		SOLE		4,184	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	8,831	421,145	SH		SOLE		421,145	0	0
PNC FINL SVCS GROUP INC	COM	693475105	273	3,225	SH		SOLE		3,225	0	0
POLARIS INDS INC	COM	731068102	95	968	SH		DFND		968	0	0
POLARIS INDS INC	COM	731068102	87,489	888,392	SH		SOLE		888,392	0	0
PPG INDS INC	COM	693506107	468	4,200	SH		SOLE		4,200	0	0
PRAXAIR INC	COM	74005P104	43	375	SH		DFND		375	0	0
PRAXAIR INC	COM	74005P104	1,298	11,340	SH		SOLE		11,340	0	0
PRICE T ROWE GROUP INC	COM	74144T108	79	1,079	SH		DFND		1,079	0	0
PRICE T ROWE GROUP INC	COM	74144T108	44,303	603,086	SH		SOLE		603,086	0	0
PROCTER & GAMBLE CO	COM	742718109	2,331	28,317	SH		SOLE		28,317	0	0
PUBLIC SVC ENTERPRISE GROUP	COM	744573106	305	6,470	SH		SOLE		6,470	0	0
QUALCOMM INC	COM	747525103	1,158	22,640	SH		SOLE		22,640	0	0
REALTY INCOME CORP	COM	756109104	203	3,248	SH		SOLE		3,248	0	0
ROPER TECHNOLOGIES INC	COM	776696106	298	1,631	SH		DFND		1,631	0	0
ROPER TECHNOLOGIES INC	COM	776696106	107,947	590,619	SH		SOLE		590,619	0	0
ROSS STORES INC	COM	778296103	433	7,470	SH		SOLE		7,470	0	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	377	6,550	SH		SOLE		6,550	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	212	4,366	SH		SOLE		4,366	0	0
SANOFI	SPONSORED ADR	80105N105	290	7,225	SH		SOLE		7,225	0	0
SCHLUMBERGER LTD	COM	806857108	246	3,333	SH		SOLE		3,333	0	0
SHERWIN WILLIAMS CO	COM	824348106	101	356	SH		DFND		356	0	0
SHERWIN WILLIAMS CO	COM	824348106	100,627	353,486	SH		SOLE		353,486	0	0
SILVERCREST ASSET MGMT GROUP	CL A	828359109	144	11,265	SH		SOLE		11,265	0	0
SOUTHERN CO	COM	842587107	219	4,237	SH		SOLE		4,237	0	0
SUNCOR ENERGY INC NEW	COM	867224107	17	625	SH		DFND		625	0	0
SUNCOR ENERGY INC NEW	COM	867224107	56,198	2,020,799	SH		SOLE		2,020,799	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	208	8,295	SH		DFND		8,295	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	70,198	2,800,083	SH		SOLE		2,800,083	0	0
SUNTRUST BKS INC	COM	867914103	791	21,934	SH		SOLE		21,934	0	0
TALLGRASS ENERGY GP LP	SHS CL A	874696107	14	770	SH		DFND		770	0	0
TALLGRASS ENERGY GP LP	SHS CL A	874696107	21,962	1,188,415	SH		SOLE		1,188,415	0	0
TALLGRASS ENERGY PARTNERS LP	COM UNIT	874697105	17,727	462,610	SH		SOLE		462,610	0	0
TELEFLEX INC	COM	879369106	1,375	8,760	SH		SOLE		8,760	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	10	225	SH		DFND		225	0	0
TESORO LOGISTICS LP	COM UNIT LP	88160T107	40,462	886,168	SH		SOLE		886,168	0	0
TIFFANY & CO NEW	COM	886547108	97	1,316	SH		DFND		1,316	0	0
TIFFANY & CO NEW	COM	886547108	29,458	401,447	SH		SOLE		401,447	0	0
TJX COS INC NEW	COM	872540109	155	1,978	SH		DFND		1,978	0	0
TJX COS INC NEW	COM	872540109	141,126	1,801,220	SH		SOLE		1,801,220	0	0
UNILEVER N V	N Y SHS NEW	904784709	440	9,850	SH		SOLE		9,850	0	0
UNION PAC CORP	COM	907818108	14	175	SH		DFND		175	0	0
UNION PAC CORP	COM	907818108	813	10,214	SH		SOLE		10,214	0	0
UNITED DEV FDG IV	COM	910187103	56	17,600	SH		SOLE		17,600	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	92	915	SH		DFND		915	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	56,794	567,374	SH		SOLE		567,374	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	692	5,370	SH		SOLE		5,370	0	0
US BANCORP DEL	COM NEW	902973304	81	2,000	SH		DFND		2,000	0	0
US BANCORP DEL	COM NEW	902973304	321	7,915	SH		SOLE		7,915	0	0
V F CORP	COM	918204108	262	4,047	SH		DFND		4,047	0	0
V F CORP	COM	918204108	76,962	1,188,417	SH		SOLE		1,188,417	0	0
VALSPAR CORP	COM	920355104	135	1,264	SH		DFND		1,264	0	0
VALSPAR CORP	COM	920355104	122,948	1,148,832	SH		SOLE		1,148,832	0	0
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	1,037	5,500	SH		SOLE		5,500	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	245	2,337	SH		SOLE		2,337	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	38	709	SH		DFND		709	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	380	7,028	SH		SOLE		7,028	0	0
VISA INC	COM CL A	92826C839	193	2,528	SH		SOLE		2,528	0	0
VISA INC	COM CL A	92826C839	14	185	SH		DFND		185	0	0
W P CAREY INC	COM	92936U109	280	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	588	6,984	SH		SOLE		6,984	0	0
WAL-MART STORES INC	COM	931142103	68	1,000	SH		DFND		1,000	0	0
WAL-MART STORES INC	COM	931142103	239	3,493	SH		SOLE		3,493	0	0
WELLS FARGO & CO NEW	COM	949746101	830	17,170	SH		SOLE		17,170	0	0
WELLTOWER INC	COM	95040Q104	225	3,250	SH		SOLE		3,250	0	0
WESTERN GAS EQUITY PARTNERS	COMUNT LTD PT	95825R103	2,252	63,190	SH		SOLE		63,190	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	27,995	644,908	SH		SOLE		644,908	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	24,681	1,206,892	SH		SOLE		1,206,892	0	0
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	61	2,966	SH		DFND		2,966	0	0