WMS Partners 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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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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
3-D SYS CORP DEL	COM NEW	88554D205	728	16,582	SH		SOLE		0	0	16,582
3M CO	COM	88579Y101	3,302	30,190	SH		SOLE		0	0	30,190
ABBOTT LABS	COM	002824100	2,923	83,815	SH		SOLE		0	0	83,815
ABBVIE INC	COM	00287Y109	3,141	75,960	SH		SOLE		0	0	75,960
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	657	9,130	SH		SOLE		0	0	9,130
ACTAVIS INC	COM	00507K103	251	1,990	SH		SOLE		0	0	1,990
AFFILIATED MANAGERS GROUP	COM	008252108	352	2,148	SH		SOLE		0	0	2,148
AFLAC INC	COM	001055102	543	9,338	SH		SOLE		0	0	9,338
AG MTG INVT TR INC	COM	001228105	188	10,000	SH		SOLE		0	0	10,000
ALCOA INC	COM	013817101	196	25,000	SH		SOLE		0	0	25,000
ALLIED NEVADA GOLD CORP	COM	019344100	269	41,500	SH		SOLE		0	0	41,500
ALTRIA GROUP INC	COM	02209S103	532	15,198	SH		SOLE		0	0	15,198
AMERICA MOVIL SAB DE CV	SPON ADR L SHS	02364W105	244	11,238	SH		SOLE		0	0	11,238
AMERICAN EXPRESS CO	COM	025816109	799	10,695	SH		SOLE		0	0	10,695
AMETEK INC NEW	COM	031100100	305	7,215	SH		SOLE		0	0	7,215
AMGEN INC	COM	031162100	596	6,042	SH		SOLE		0	0	6,042
ANSYS INC	COM	03662Q105	1,170	16,004	SH		SOLE		0	0	16,004
APACHE CORP	COM	037411105	219	2,620	SH		SOLE		0	0	2,620
APPLE INC	COM	037833100	10,912	27,520	SH		SOLE		0	0	27,520
ARCH CAP GROUP LTD	ORD	G0450A105	386	7,500	SH		SOLE		0	0	7,500
ASHFORD HOSPITALITY TR INC	COM SHS	044103109	2,450	214,000	SH		SOLE		0	0	214,000
ASHLAND INC NEW	COM	044209104	218	2,610	SH		SOLE		0	0	2,610
AT&T INC	COM	00206R102	219	6,200	SH		SOLE		0	0	6,200
BANK OF AMERICA CORPORATION	COM	060505104	223	17,313	SH		SOLE		0	0	17,313
BARRETT BILL CORP	NOTE 5.000% 3/1	06846NAA2	290	289,000	PRN		SOLE		0	0	289,000
BECTON DICKINSON & CO	COM	075887109	1,334	13,493	SH		SOLE		0	0	13,493
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,027	9,174	SH		SOLE		0	0	9,174
BORGWARNER INC	COM	099724106	224	2,600	SH		SOLE		0	0	2,600
BRISTOL MYERS SQUIBB CO	COM	110122108	536	11,984	SH		SOLE		0	0	11,984
BROADCOM CORP	CL A	111320107	359	10,603	SH		SOLE		0	0	10,603
CANADIAN NATL RY CO	COM	136375102	1,900	19,527	SH		SOLE		0	0	19,527
CANADIAN PAC RY LTD	COM	13645T100	6,445	53,100	SH		SOLE		0	0	53,100
CAPITAL ONE FINL CORP	COM	14040H105	9,450	150,457	SH		SOLE		0	0	150,457
CARROLLTON BANCORP	COM	145282109	290	60,315	SH		SOLE		0	0	60,315
CARTER INC	COM	146229109	418	5,650	SH		SOLE		0	0	5,650
CATERPILLAR INC DEL	COM	149123101	5,215	63,230	SH		SOLE		0	0	63,230
CBS CORP NEW	CL B	124857202	289	5,898	SH		SOLE		0	0	5,898
CELGENE CORP	COM	151020104	813	6,950	SH		SOLE		0	0	6,950
CEL-SCI CORP	COM NEW	150837409	11	53,400	SH		SOLE		0	0	53,400
CEPHEID	COM	15670R107	9,207	267,502	SH		SOLE		0	0	267,502
CHEVRON CORP NEW	COM	166764100	3,735	31,561	SH		SOLE		0	0	31,561
CHURCH & DWIGHT INC	COM	171340102	390	6,311	SH		SOLE		0	0	6,311
CISCO SYS INC	COM	17275R102	12,292	505,102	SH		SOLE		0	0	505,102
CITRIX SYS INC	COM	177376100	372	6,174	SH		SOLE		0	0	6,174
CLEAN HARBORS INC	COM	184496107	248	4,904	SH		SOLE		0	0	4,904
COCA COLA CO	COM	191216100	999	24,909	SH		SOLE		0	0	24,909
COGENT COMM GROUP INC	NOTE 1.000% 6/1	19239VAB0	223	227,000	PRN		SOLE		0	0	227,000
COLGATE PALMOLIVE CO	COM	194162103	366	6,388	SH		SOLE		0	0	6,388
CONCHO RES INC	COM	20605P101	578	6,900	SH		SOLE		0	0	6,900
CONCUR TECHNOLOGIES INC	COM	206708109	444	5,450	SH		SOLE		0	0	5,450
CONOCOPHILLIPS	COM	20825C104	446	7,373	SH		SOLE		0	0	7,373
COSTAR GROUP INC	COM	22160N109	581	4,500	SH		SOLE		0	0	4,500
COSTCO WHSL CORP NEW	COM	22160K105	499	4,515	SH		SOLE		0	0	4,515
CREDIT SUISSE GROUP	SPONSORED ADR	225401108	407	15,365	SH		SOLE		0	0	15,365
CVS CAREMARK CORPORATION	COM	126650100	1,325	23,174	SH		SOLE		0	0	23,174
DANAHER CORP DEL	COM	235851102	943	14,905	SH		SOLE		0	0	14,905
DEALERTRACK TECHNOLOGIES INC	COM	242309102	430	12,150	SH		SOLE		0	0	12,150
DEERE & CO	COM	244199105	215	2,647	SH		SOLE		0	0	2,647
DIAGEO P L C	SPON ADR NEW	25243Q205	4,869	42,360	SH		SOLE		0	0	42,360
DISNEY WALT CO	COM DISNEY	254687106	1,154	18,267	SH		SOLE		0	0	18,267
DOMINION RES INC VA NEW	COM	25746U109	1,715	30,190	SH		SOLE		0	0	30,190
DONALDSON INC	COM	257651109	11,233	314,996	SH		SOLE		0	0	314,996
DU PONT E I DE NEMOURS & CO	COM	263534109	215	4,100	SH		SOLE		0	0	4,100
E M C CORP MASS	COM	268648102	441	18,644	SH		SOLE		0	0	18,644
EBAY INC	COM	278642103	471	9,116	SH		SOLE		0	0	9,116
ECOLAB INC	COM	278865100	17,790	208,826	SH		SOLE		0	0	208,826
EMERSON ELEC CO	COM	291011104	291	5,340	SH		SOLE		0	0	5,340
ENTEGRIS INC	COM	29362U104	129	13,696	SH		SOLE		0	0	13,696
ENTERPRISE PRODS PARTNERS L	COM	293792107	11,786	189,631	SH		SOLE		0	0	189,631
EQT CORP	COM	26884L109	214	2,700	SH		SOLE		0	0	2,700
EXAMWORKS GROUP INC	COM	30066A105	346	16,300	SH		SOLE		0	0	16,300
EXPEDITORS INTL WASH INC	COM	302130109	1,095	28,795	SH		SOLE		0	0	28,795
EXXON MOBIL CORP	COM	30231G102	9,051	100,173	SH		SOLE		0	0	100,173
F5 NETWORKS INC	COM	315616102	843	12,248	SH		SOLE		0	0	12,248
FASTENAL CO	COM	311900104	1,466	32,017	SH		SOLE		0	0	32,017
FIDUCIARY CLAYMORE MLP OPP F	COM	31647Q106	675	24,730	SH		SOLE		0	0	24,730
FINANCIAL ENGINES INC	COM	317485100	802	17,582	SH		SOLE		0	0	17,582
FREEPORT-MCMORAN COPPER & GO	COM	35671D857	419	15,200	SH		SOLE		0	0	15,200
FRONTLINE LTD	SHS	G3682E127	19	11,000	SH		SOLE		0	0	11,000
GENERAL ELECTRIC CO	COM	369604103	2,425	104,589	SH		SOLE		0	0	104,589
GENERAL MLS INC	COM	370334104	311	6,400	SH		SOLE		0	0	6,400
GENWORTH FINL INC	COM CL A	37247D106	148	13,000	SH		SOLE		0	0	13,000
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	247	4,941	SH		SOLE		0	0	4,941
GOLDMAN SACHS GROUP INC	COM	38141G104	882	5,834	SH		SOLE		0	0	5,834
GOOGLE INC	CL A	38259P508	13,631	15,483	SH		SOLE		0	0	15,483
GRACE W R & CO DEL NEW	COM	38388F108	227	2,700	SH		SOLE		0	0	2,700
GREEN MTN COFFEE ROASTERS IN	COM	393122106	202	2,690	SH		SOLE		0	0	2,690
ILLINOIS TOOL WKS INC	COM	452308109	204	2,955	SH		SOLE		0	0	2,955
ILLUMINA INC	COM	452327109	419	5,600	SH		SOLE		0	0	5,600
INTEL CORP	COM	458140100	11,368	469,193	SH		SOLE		0	0	469,193
INTERCONTINENTALEXCHANGE INC	COM	45865V100	206	1,160	SH		SOLE		0	0	1,160
INTERNATIONAL BUSINESS MACHS	COM	459200101	6,822	35,693	SH		SOLE		0	0	35,693
INTUITIVE SURGICAL INC	COM NEW	46120E602	397	784	SH		SOLE		0	0	784
INVESCO LTD	SHS	G491BT108	204	6,400	SH		SOLE		0	0	6,400
IPG PHOTONICS CORP	COM	44980X109	330	5,441	SH		SOLE		0	0	5,441
ISHARES GOLD TRUST	ISHARES	464285105	133	11,058	SH		SOLE		0	0	11,058
ISHARES INC	MSCI AUSTRALIA	464286103	8,500	376,450	SH		SOLE		0	0	376,450
ISHARES TR	CORE S&P500 ETF	464287200	2,222	13,809	SH		SOLE		0	0	13,809
ISHARES TR	MSCI EMERG MKT	464287234	246	6,390	SH		SOLE		0	0	6,390
ISHARES TR	S&P500 GRW	464287309	3,000	35,711	SH		SOLE		0	0	35,711
ISHARES TR	S&P 500 VALUE	464287408	2,473	32,639	SH		SOLE		0	0	32,639
ISHARES TR	BARCLYS 1-3 YR	464287457	370	4,395	SH		SOLE		0	0	4,395
ISHARES TR	MSCI EAFE INDEX	464287465	315	5,500	SH		SOLE		0	0	5,500
ISHARES TR	NASDQ BIO INDX	464287556	200	1,150	SH		SOLE		0	0	1,150
ISHARES TR	RUSSELL1000VAL	464287598	236	2,818	SH		SOLE		0	0	2,818
ISHARES TR	S&P MC 400 GRW	464287606	428	3,325	SH		SOLE		0	0	3,325
ISHARES TR	RUSSELL1000GRW	464287614	445	6,122	SH		SOLE		0	0	6,122
ISHARES TR	RUSSELL 1000	464287622	1,504	16,719	SH		SOLE		0	0	16,719
ISHARES TR	BARCLYS INTER CR	464288638	749	6,950	SH		SOLE		0	0	6,950
JACOBS ENGR GROUP INC DEL	COM	469814107	760	13,785	SH		SOLE		0	0	13,785
JOHNSON & JOHNSON	COM	478160104	15,902	185,205	SH		SOLE		0	0	185,205
JPMORGAN CHASE & CO	COM	46625H100	1,083	20,532	SH		SOLE		0	0	20,532
KIMBERLY CLARK CORP	COM	494368103	452	4,651	SH		SOLE		0	0	4,651
KINDER MORGAN ENERGY PARTNER	UT LTD PARTNER	494550106	9,348	109,459	SH		SOLE		0	0	109,459
LAUDER ESTEE COS INC	CL A	518439104	395	6,000	SH		SOLE		0	0	6,000
LEGG MASON INC	COM	524901105	4,017	129,544	SH		SOLE		0	0	129,544
LILLY ELI & CO	COM	532457108	236	4,795	SH		SOLE		0	0	4,795
LIVE NATION ENTERTAINMENT IN	NOTE 2.875% 7/1	538034AB5	17	17,000	PRN		SOLE		0	0	17,000
LKQ CORP	COM	501889208	781	30,330	SH		SOLE		0	0	30,330
LULULEMON ATHLETICA INC	COM	550021109	262	3,987	SH		SOLE		0	0	3,987
MANHATTAN ASSOCS INC	COM	562750109	232	3,011	SH		SOLE		0	0	3,011
MANULIFE FINL CORP	COM	56501R106	385	24,018	SH		SOLE		0	0	24,018
MARKEL CORP	COM	570535104	564	1,070	SH		SOLE		0	0	1,070
MARKET VECTORS ETF TR	AGRIBUS ETF	57060U605	4,126	80,615	SH		SOLE		0	0	80,615
MASTERCARD INC	CL A	57636Q104	921	1,602	SH		SOLE		0	0	1,602
MCCORMICK & CO INC	COM VTG	579780107	3,423	48,553	SH		SOLE		0	0	48,553
MCCORMICK & CO INC	COM NON VTG	579780206	3,487	49,558	SH		SOLE		0	0	49,558
MCDONALDS CORP	COM	580135101	5,878	59,378	SH		SOLE		0	0	59,378
MERCK & CO INC NEW	COM	58933Y105	341	7,347	SH		SOLE		0	0	7,347
MERRIMACK PHARMACEUTICALS IN	COM	590328100	173	25,600	SH		SOLE		0	0	25,600
MICROSOFT CORP	COM	594918104	21,652	626,798	SH		SOLE		0	0	626,798
MIMEDX GROUP INC	COM	602496101	257	36,440	SH		SOLE		0	0	36,440
MORGAN STANLEY	COM NEW	617446448	287	11,767	SH		SOLE		0	0	11,767
NATIONAL OILWELL VARCO INC	COM	637071101	300	4,360	SH		SOLE		0	0	4,360
NEOGEN CORP	COM	640491106	19,098	343,733	SH		SOLE		0	0	343,733
NETAPP INC	COM	64110D104	389	10,300	SH		SOLE		0	0	10,300
NOBLE ENERGY INC	COM	655044105	8,060	134,234	SH		SOLE		0	0	134,234
NORDSTROM INC	COM	655664100	260	4,335	SH		SOLE		0	0	4,335
NORFOLK SOUTHERN CORP	COM	655844108	5,093	70,100	SH		SOLE		0	0	70,100
NOVO-NORDISK A S	ADR	670100205	291	1,876	SH		SOLE		0	0	1,876
NYMOX PHARMACEUTICAL CORP	COM	67076P102	311	61,350	SH		SOLE		0	0	61,350
OMEGA HEALTHCARE INVS INC	COM	681936100	16,760	540,294	SH		SOLE		0	0	540,294
ONEOK INC NEW	COM	682680103	204	4,936	SH		SOLE		0	0	4,936
ORACLE CORP	COM	68389X105	4,487	146,088	SH		SOLE		0	0	146,088
PATRIOT TRANSN HLDG INC	COM	70337B102	669	22,266	SH		SOLE		0	0	22,266
PEPSICO INC	COM	713448108	3,759	45,961	SH		SOLE		0	0	45,961
PERRIGO CO	COM	714290103	328	2,711	SH		SOLE		0	0	2,711
PFIZER INC	COM	717081103	1,630	58,209	SH		SOLE		0	0	58,209
PFIZER INC	PUT	717081953	840	30,000	SH	Put	SOLE		0	0	30,000
PHILIP MORRIS INTL INC	COM	718172109	2,145	24,769	SH		SOLE		0	0	24,769
PIMCO ETF TR	TOTL RETN ETF	72201R775	853	8,088	SH		SOLE		0	0	8,088
PLUM CREEK TIMBER CO INC	COM	729251108	9,097	194,930	SH		SOLE		0	0	194,930
PNC FINL SVCS GROUP INC	COM	693475105	358	4,903	SH		SOLE		0	0	4,903
POTASH CORP SASK INC	COM	73755L107	590	15,480	SH		SOLE		0	0	15,480
POWERSHS DB US DOLLAR INDEX	DOLL INDX BEAR	73936D206	278	10,700	SH		SOLE		0	0	10,700
PRAXAIR INC	COM	74005P104	279	2,418	SH		SOLE		0	0	2,418
PRICE T ROWE GROUP INC	COM	74144T108	5,558	75,916	SH		SOLE		0	0	75,916
PRICESMART INC	COM	741511109	342	3,900	SH		SOLE		0	0	3,900
PROCTER & GAMBLE CO	COM	742718109	5,061	65,737	SH		SOLE		0	0	65,737
PVH CORP	COM	693656100	273	2,186	SH		SOLE		0	0	2,186
QLIK TECHNOLOGIES INC	COM	74733T105	6,240	220,725	SH		SOLE		0	0	220,725
QUALCOMM INC	COM	747525103	1,815	29,704	SH		SOLE		0	0	29,704
QUANTA SVCS INC	COM	74762E102	10,383	392,400	SH		SOLE		0	0	392,400
RAMBUS INC DEL	NOTE 5.000% 6/1	750917AC0	135	131,000	PRN		SOLE		0	0	131,000
RANGE RES CORP	COM	75281A109	773	10,000	SH		SOLE		0	0	10,000
RAYMOND JAMES FINANCIAL INC	COM	754730109	229	5,320	SH		SOLE		0	0	5,320
RED HAT INC	COM	756577102	291	6,075	SH		SOLE		0	0	6,075
REPUBLIC SVCS INC	COM	760759100	329	9,700	SH		SOLE		0	0	9,700
RESMED INC	COM	761152107	494	10,950	SH		SOLE		0	0	10,950
ROPER INDS INC NEW	COM	776696106	371	2,988	SH		SOLE		0	0	2,988
SCHLUMBERGER LTD	COM	806857108	834	11,646	SH		SOLE		0	0	11,646
SCRIPPS NETWORKS INTERACT IN	CL A COM	811065101	434	6,498	SH		SOLE		0	0	6,498
SEI INVESTMENTS CO	COM	784117103	536	18,850	SH		SOLE		0	0	18,850
SERVICENOW INC	COM	81762P102	285	7,067	SH		SOLE		0	0	7,067
SOUTHERN CO	COM	842587107	369	8,367	SH		SOLE		0	0	8,367
SOUTHWESTERN ENERGY CO	COM	845467109	294	8,050	SH		SOLE		0	0	8,050
SPDR GOLD TRUST	GOLD SHS	78463V107	34,393	288,744	SH		SOLE		0	0	288,744
SPDR S&P 500 ETF TR	TR UNIT	78462F103	345	2,152	SH		SOLE		0	0	2,152
SPDR S&P 500 ETF TR	PUT	78462F953	1,091	6,800	SH	Put	SOLE		0	0	6,800
SPDR SERIES TRUST	NUVN BR SHT MUNI	78464A425	837	35,010	SH		SOLE		0	0	35,010
STANLEY BLACK & DECKER INC	COM	854502101	218	2,819	SH		SOLE		0	0	2,819
STARWOOD PPTY TR INC	COM	85571B105	13,074	528,245	SH		SOLE		0	0	528,245
STATE STR CORP	COM	857477103	320	4,900	SH		SOLE		0	0	4,900
STERICYCLE INC	COM	858912108	462	4,180	SH		SOLE		0	0	4,180
STUDENT TRANSN INC	COM	86388A108	3,938	644,500	SH		SOLE		0	0	644,500
SVB FINL GROUP	COM	78486Q101	202	2,420	SH		SOLE		0	0	2,420
SWISHER HYGIENE INC	COM	870808102	24	27,750	SH		SOLE		0	0	27,750
SYSCO CORP	COM	871829107	245	7,175	SH		SOLE		0	0	7,175
TARGET CORP	COM	87612E106	10,873	157,900	SH		SOLE		0	0	157,900
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	288	7,333	SH		SOLE		0	0	7,333
THE ADT CORPORATION	COM	00101J106	4,419	110,899	SH		SOLE		0	0	110,899
THOMPSON CREEK METALS CO INC	COM	884768102	367	121,000	SH		SOLE		0	0	121,000
TIM HORTONS INC	COM	88706M103	248	4,586	SH		SOLE		0	0	4,586
TJX COS INC NEW	COM	872540109	353	7,060	SH		SOLE		0	0	7,060
TORTOISE ENERGY CAP CORP	COM	89147U100	1,260	36,407	SH		SOLE		0	0	36,407
TRIMBLE NAVIGATION LTD	COM	896239100	810	31,154	SH		SOLE		0	0	31,154
TYCO INTERNATIONAL LTD	SHS	H89128104	7,316	222,025	SH		SOLE		0	0	222,025
UBS AG	SHS NEW	H89231338	309	18,250	SH		SOLE		0	0	18,250
UNDER ARMOUR INC	CL A	904311107	303	5,070	SH		SOLE		0	0	5,070
UNION PAC CORP	COM	907818108	308	2,001	SH		SOLE		0	0	2,001
UNITED PARCEL SERVICE INC	CL B	911312106	16,067	185,795	SH		SOLE		0	0	185,795
UNITED TECHNOLOGIES CORP	COM	913017109	3,739	40,233	SH		SOLE		0	0	40,233
UNITEDHEALTH GROUP INC	COM	91324P102	477	7,288	SH		SOLE		0	0	7,288
V F CORP	COM	918204108	444	2,300	SH		SOLE		0	0	2,300
VALASSIS COMMUNICATIONS INC	COM	918866104	219	8,900	SH		SOLE		0	0	8,900
VALMONT INDS INC	COM	920253101	358	2,500	SH		SOLE		0	0	2,500
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	1,110	13,857	SH		SOLE		0	0	13,857
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	864	10,677	SH		SOLE		0	0	10,677
VANGUARD INDEX FDS	REIT ETF	922908553	362	5,273	SH		SOLE		0	0	5,273
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	243	2,900	SH		SOLE		0	0	2,900
VANGUARD INDEX FDS	MID CAP ETF	922908629	914	9,603	SH		SOLE		0	0	9,603
VANGUARD INDEX FDS	GROWTH ETF	922908736	2,240	28,662	SH		SOLE		0	0	28,662
VANGUARD INDEX FDS	VALUE ETF	922908744	2,038	30,142	SH		SOLE		0	0	30,142
VANGUARD INDEX FDS	SMALL CP ETF	922908751	529	5,646	SH		SOLE		0	0	5,646
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	416	5,033	SH		SOLE		0	0	5,033
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	1,484	33,561	SH		SOLE		0	0	33,561
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	1,072	27,612	SH		SOLE		0	0	27,612
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	336	4,245	SH		SOLE		0	0	4,245
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	12,205	184,366	SH		SOLE		0	0	184,366
VARIAN MED SYS INC	COM	92220P105	459	6,810	SH		SOLE		0	0	6,810
VERIZON COMMUNICATIONS INC	COM	92343V104	284	5,628	SH		SOLE		0	0	5,628
VISA INC	COM CL A	92826C839	3,624	19,824	SH		SOLE		0	0	19,824
WAL-MART STORES INC	COM	931142103	736	9,875	SH		SOLE		0	0	9,875
WALTER INVT MGMT CORP	COM	93317W102	270	8,000	SH		SOLE		0	0	8,000
WASTE CONNECTIONS INC	COM	941053100	581	14,130	SH		SOLE		0	0	14,130
WEINGARTEN RLTY INVS	SH BEN INT	948741103	3,863	125,540	SH		SOLE		0	0	125,540
WELLS FARGO & CO NEW	COM	949746101	8,095	196,144	SH		SOLE		0	0	196,144
WHITE MTNS INS GROUP LTD	COM	G9618E107	566	984	SH		SOLE		0	0	984
WILLIAMS COS INC DEL	COM	969457100	217	6,700	SH		SOLE		0	0	6,700
WYNN RESORTS LTD	COM	983134107	209	1,634	SH		SOLE		0	0	1,634
YUM BRANDS INC	COM	988498101	366	5,280	SH		SOLE		0	0	5,280