Smith, Salley & Associates 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
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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
Abbott Laboratories	COM	002824100	2,635	68,613	SH		SOLE		68,613	0	0
Abbvie Inc	COM	00287Y109	3,957	63,192	SH		SOLE		63,192	0	0
Aflac Inc	COM	001055102	222	3,195	SH		SOLE		3,195	0	0
Allergan PLC	COM	G0177J108	3,188	15,180	SH		SOLE		15,180	0	0
Allstate Corp	COM	020002101	314	4,243	SH		SOLE		4,243	0	0
Alphabet Inc Class C	COM	02079K107	3,024	3,918	SH		SOLE		3,918	0	0
Altria Group Inc	COM	02209S103	514	7,605	SH		SOLE		7,605	0	0
Amazon.Com Inc	COM	023135106	2,028	2,704	SH		SOLE		2,704	0	0
American Elec Pwr Co	COM	025537101	122	1,934	SH		SOLE		1,934	0	0
American Express	COM	025816109	989	13,355	SH		SOLE		13,355	0	0
American Intl Group Inc	COM	026874784	5,560	85,134	SH		SOLE		85,134	0	0
Amgen Inc	COM	031162100	411	2,812	SH		SOLE		2,812	0	0
Analog Devices Inc	COM	032654105	1,242	17,097	SH		SOLE		17,097	0	0
Apple Inc	COM	037833100	6,291	54,321	SH		SOLE		54,321	0	0
AT&T	COM	00206R102	2,245	52,787	SH		SOLE		52,787	0	0
Automatic Data Processing Inc	COM	053015103	225	2,186	SH		SOLE		2,186	0	0
Bank of America	COM	060505104	324	14,667	SH		SOLE		14,667	0	0
BB&T Corp	COM	054937107	280	5,952	SH		SOLE		5,952	0	0
Berkley W R Corp	COM	084423102	220	3,310	SH		SOLE		3,310	0	0
Berkshire Hathaway Cl B	COM	084670702	7,195	44,145	SH		SOLE		44,145	0	0
Blackrock Inc	COM	09247X101	8	20	SH		SOLE		20	0	0
Borgwarner Inc	COM	099724106	4	100	SH		SOLE		100	0	0
Bristol Myers Squibb	COM	110122108	2,082	35,620	SH		SOLE		35,620	0	0
C & F Finl Corp	COM	12466Q104	260	5,220	SH		SOLE		5,220	0	0
Caterpillar Inc	COM	149123101	662	7,140	SH		SOLE		7,140	0	0
Chemed Corp	COM	16359R103	259	1,615	SH		SOLE		1,615	0	0
Chevron Corp	COM	166764100	1,789	15,203	SH		SOLE		15,203	0	0
Cisco Systems	COM	17275R102	4,543	150,320	SH		SOLE		150,320	0	0
Coca Cola	COM	191216100	1,251	30,168	SH		SOLE		30,168	0	0
Cognizant Tech Solutions	COM	192446102	2,156	38,475	SH		SOLE		38,475	0	0
Colgate-Palmolive Co	COM	194162103	56	862	SH		SOLE		862	0	0
Comcast Corp Cl A	COM	20030N101	265	3,833	SH		SOLE		3,833	0	0
ConocoPhillips	COM	20825C104	1,411	28,132	SH		SOLE		28,132	0	0
Costco Wholesale Corp	COM	22160K105	4	25	SH		SOLE		25	0	0
CSX Corp	COM	126408103	2,973	82,746	SH		SOLE		82,746	0	0
Cullen Frost Bankersinc	COM	229899109	1,610	18,244	SH		SOLE		18,244	0	0
CVS Corp	COM	126650100	2,542	32,218	SH		SOLE		32,218	0	0
Diageo Plc	COM	25243Q205	1,565	15,055	SH		SOLE		15,055	0	0
Disney	COM	254687106	5,201	49,900	SH		SOLE		49,900	0	0
Dominion Resources Inc Va Ne	COM	25746U109	25	325	SH		SOLE		325	0	0
Dow Chemical Co	COM	260543103	2,360	41,237	SH		SOLE		41,237	0	0
Du Pont E.I. De Nemours & Co	COM	263534109	2,260	30,786	SH		SOLE		30,786	0	0
Duke Energy	COM	26441C204	1,342	17,284	SH		SOLE		17,284	0	0
Emerson Electric Co	COM	291011104	1,955	35,069	SH		SOLE		35,069	0	0
Ensco Intl	COM	G3157S106	111	11,420	SH		SOLE		11,420	0	0
EOG Resources Inc	COM	26875P101	2,085	20,622	SH		SOLE		20,622	0	0
EQT Corp	COM	26884L109	2,015	30,808	SH		SOLE		30,808	0	0
Express Scripts	COM	30219G108	2,597	37,756	SH		SOLE		37,756	0	0
Exxon Mobil	COM	30231G102	3,664	40,597	SH		SOLE		40,597	0	0
First Citizens Bancshares CL A	COM	31946M103	355	1,000	SH		SOLE		1,000	0	0
Ford Motor Co.	COM	345370860	1,683	138,770	SH		SOLE		138,770	0	0
Gamestop	COM	36467W109	1,617	63,996	SH		SOLE		63,996	0	0
General Electric	COM	369604103	4,587	145,164	SH		SOLE		145,164	0	0
General Mills Inc	COM	370334104	2	25	SH		SOLE		25	0	0
Gilead Sciences	COM	375558103	100	1,401	SH		SOLE		1,401	0	0
Glaxosmithkline ADR	COM	37733W105	1,647	42,776	SH		SOLE		42,776	0	0
Goldman Sachs Group Inc	COM	38141G104	229	955	SH		SOLE		955	0	0
Hanesbrands Inc Com	COM	410345102	212	9,806	SH		SOLE		9,806	0	0
Harris	COM	413875105	441	4,306	SH		SOLE		4,306	0	0
HCP Inc	COM	40414L109	1,432	48,169	SH		SOLE		48,169	0	0
Helen of Troy	COM	G4388N106	240	2,837	SH		SOLE		2,837	0	0
Henry Schein Inc	COM	806407102	219	1,441	SH		SOLE		1,441	0	0
Honeywell Intl Inc	COM	438516106	2,097	18,098	SH		SOLE		18,098	0	0
Ingersoll Rand	COM	G47791101	2,962	39,478	SH		SOLE		39,478	0	0
Intel	COM	458140100	1,756	48,428	SH		SOLE		48,428	0	0
Int'l Business Machines	COM	459200101	536	3,228	SH		SOLE		3,228	0	0
Jacobs Engineering Group	COM	469814107	239	4,196	SH		SOLE		4,196	0	0
JM Smucker Co	COM	832696405	222	1,733	SH		SOLE		1,733	0	0
Johnson & Johnson	COM	478160104	4,245	36,844	SH		SOLE		36,844	0	0
JP Morgan Chase & Co	COM	46625H100	6,592	76,399	SH		SOLE		76,399	0	0
Kimberly Clark	COM	494368103	1,369	11,996	SH		SOLE		11,996	0	0
Kinder Morgan Inc	COM	49456B101	4,834	233,395	SH		SOLE		233,395	0	0
Kraft Heinz Co Com	COM	500754106	14	166	SH		SOLE		166	0	0
Laboratory Corp of America	COM	50540R409	2,723	21,211	SH		SOLE		21,211	0	0
Lilly Eli & Co	COM	532457108	14	190	SH		SOLE		190	0	0
Lowes Companies	COM	548661107	1,070	15,038	SH		SOLE		15,038	0	0
LyondellBasell Industries	COM	N53745100	3,572	41,640	SH		SOLE		41,640	0	0
Magna Intl Inc	COM	559222401	1,760	40,550	SH		SOLE		40,550	0	0
Mastercard Inc Cl A	COM	57636Q104	3,297	31,933	SH		SOLE		31,933	0	0
McDermott Intl	COM	580037109	81	10,900	SH		SOLE		10,900	0	0
MDU Resources Group	COM	552690109	2,155	74,919	SH		SOLE		74,919	0	0
Medtronic	COM	G5960L103	407	5,712	SH		SOLE		5,712	0	0
Merck & Co Inc	COM	58933Y105	2,391	40,622	SH		SOLE		40,622	0	0
Microsoft	COM	594918104	10,442	168,041	SH		SOLE		168,041	0	0
Mondelez Intl Inc Com	COM	609207105	22	505	SH		SOLE		505	0	0
NASDAQ OMX Group	COM	631103108	284	4,228	SH		SOLE		4,228	0	0
National Grid Adr	COM	636274300	838	14,366	SH		SOLE		14,366	0	0
Norfolk Southern Crp	COM	655844108	2,264	20,949	SH		SOLE		20,949	0	0
Novartis (ADR)	COM	66987V109	1,556	21,368	SH		SOLE		21,368	0	0
Nvidia Corp	COM	67066G104	738	6,910	SH		SOLE		6,910	0	0
NXP Semiconductors N V	COM	N6596X109	2,868	29,264	SH		SOLE		29,264	0	0
Pepsico Inc	COM	713448108	2,945	28,147	SH		SOLE		28,147	0	0
Perrigo Co	COM	G97822103	1,690	20,307	SH		SOLE		20,307	0	0
Pfizer	COM	717081103	1,720	52,969	SH		SOLE		52,969	0	0
Philip Morris Intl	COM	718172109	60	656	SH		SOLE		656	0	0
PNC Finl Svcs Group	COM	693475105	4,827	41,271	SH		SOLE		41,271	0	0
Ppg Industries	COM	693506107	284	3,000	SH		SOLE		3,000	0	0
Priceline Inc	COM	741503403	2,529	1,725	SH		SOLE		1,725	0	0
Procter & Gamble	COM	742718109	5,147	61,213	SH		SOLE		61,213	0	0
Pulte Homes Inc	COM	745867101	643	35,000	SH		SOLE		35,000	0	0
Robert Half Intl Inc	COM	770323103	252	5,163	SH		SOLE		5,163	0	0
Royal Dutch Shell A	COM	780259206	11	200	SH		SOLE		200	0	0
Royal Dutch Shell ADR	COM	780259206	1,486	27,322	SH		SOLE		27,322	0	0
Schlumberger Ltd	COM	806857108	3,014	35,905	SH		SOLE		35,905	0	0
Seagate Technology	COM	G7945M107	1,398	36,624	SH		SOLE		36,624	0	0
Southern Co	COM	842587107	1,227	24,943	SH		SOLE		24,943	0	0
Spectra Energy	COM	847560109	2,157	52,495	SH		SOLE		52,495	0	0
Swiss Helvetia Index Fund	COM	870875101	144	14,140	SH		SOLE		14,140	0	0
Synopsys Inc	COM	871607107	238	4,046	SH		SOLE		4,046	0	0
Sysco Corp	COM	871829107	83	1,498	SH		SOLE		1,498	0	0
Tanger Factory Outlet Ctrs Inc	COM	875465106	1,386	38,747	SH		SOLE		38,747	0	0
Thermo Fisher Scientific	COM	883556102	264	1,874	SH		SOLE		1,874	0	0
TJX Companies	COM	872540109	4,654	61,944	SH		SOLE		61,944	0	0
Toyota Mtrs Corp Spon Adr	COM	892331307	227	1,938	SH		SOLE		1,938	0	0
Tyson Foods Inc Cl Afrmly Com	COM	902494103	222	3,600	SH		SOLE		3,600	0	0
Unilever Plc New Spons Adr	COM	904767704	1,133	27,841	SH		SOLE		27,841	0	0
Union Pacific Corp	COM	907818108	474	4,574	SH		SOLE		4,574	0	0
United Technologies	COM	913017109	4,032	36,779	SH		SOLE		36,779	0	0
Verizon Communications	COM	92343V104	6,033	113,011	SH		SOLE		113,011	0	0
VF Corp	COM	918204108	237	4,433	SH		SOLE		4,433	0	0
Visa Inc Cl A	COM	92826C839	2,598	33,296	SH		SOLE		33,296	0	0
Vodafone Group (ADR)	COM	92857W308	1,442	59,020	SH		SOLE		59,020	0	0
Walgreens Boots Alliance	COM	931427108	2	20	SH		SOLE		20	0	0
Wal-Mart Stores	COM	931142103	3,385	48,980	SH		SOLE		48,980	0	0
Wells Fargo	COM	949746101	4,418	80,165	SH		SOLE		80,165	0	0
Weyerhaeuser Co	COM	962166104	1,113	36,975	SH		SOLE		36,975	0	0
Global Telecom (ishares)	ETF	464287275	237	4,035	SH		SOLE		4,035	0	0
EAFE Index (Dev Int'l)	ETF	464287465	103	1,780	SH		SOLE		1,780	0	0
iShares Russell 3000 Index	ETF	464287689	772	5,806	SH		SOLE		5,806	0	0
iShares S&P Smallcap 600	ETF	464287804	11	78	SH		SOLE		78	0	0
Global Materials (ishares)	ETF	464288695	202	3,684	SH		SOLE		3,684	0	0
S&P 500	ETF	78462F103	373	1,669	SH		SOLE		1,669	0	0
Health Care (SPDR)	ETF	81369Y209	1,739	25,225	SH		SOLE		25,225	0	0
Consumer Staples (SPDR)	ETF	81369Y308	1,035	20,015	SH		SOLE		20,015	0	0
Consumer Discretionary (SPDR)	ETF	81369Y407	1,210	14,863	SH		SOLE		14,863	0	0
Financials (SPDR)	ETF	81369Y605	1,987	85,477	SH		SOLE		85,477	0	0
Industrials (SPDR)	ETF	81369Y704	1,354	21,765	SH		SOLE		21,765	0	0
Energy (Vanguard)	ETF	92204A306	1,284	12,262	SH		SOLE		12,262	0	0
Technology (Vanguard)	ETF	92204A702	2,320	19,096	SH		SOLE		19,096	0	0
ABBOTT LABORATORIES	COM	002824100	2,124	55,316	SH		OTR	1	0	0	55,316
AMAZON.COM INC	COM	023135106	2,279	3,039	SH		OTR	1	0	0	3,039
AMERICAN ELECTRIC POWER CO	COM	025537101	307	4,883	SH		OTR	1	0	0	4,883
AMERICAN INTERNATIONAL GROUP	COM	026874784	5,535	84,740	SH		OTR	1	0	0	84,740
AMERICAN NATL BANKSHARES INCCOM	COM	027745108	6,425	184,684	SH		OTR	1	0	0	184,684
ANALOG DEVICES INC	COM	032654105	874	12,037	SH		OTR	1	0	0	12,037
APPLE INC	COM	037833100	7,895	68,170	SH		OTR	1	0	0	68,170
AUTODESK INC	COM	052769106	326	4,399	SH		OTR	1	0	0	4,399
BB&T CORP	COM	054937107	1,969	41,893	SH		OTR	1	0	0	41,893
BANK OF AMERICA CORP	COM	060505104	268	12,124	SH		OTR	1	0	0	12,124
BERKSHIRE HATHAWAY INC DEL CL A	COM	084670108	244	1	SH		OTR	1	0	0	1
BERKSHIRE HATHAWAY INC DEL CL B NEW	COM	084670702	6,391	39,216	SH		OTR	1	0	0	39,216
BORG WARNER INC	COM	099724106	963	24,434	SH		OTR	1	0	0	24,434
BRISTOL-MYERS SQUIBB	COM	110122108	1,422	24,330	SH		OTR	1	0	0	24,330
CSX CORP COM	COM	126408103	3,154	87,781	SH		OTR	1	0	0	87,781
CVS HEALTH CORPORATION	COM	126650100	1,947	24,675	SH		OTR	1	0	0	24,675
CABELAS	COM	126804301	315	5,386	SH		OTR	1	0	0	5,386
CAMPBELL SOUP COMPANY	COM	134429109	224	3,701	SH		OTR	1	0	0	3,701
CAROLINA BANK HOLDINGS GREENSBORO	COM	143785103	3,515	136,149	SH		OTR	1	0	0	136,149
CELGENE CORPORATION	COM	151020104	2,193	18,947	SH		OTR	1	0	0	18,947
CHEVRON CORPORATION	COM	166764100	1,883	16,000	SH		OTR	1	0	0	16,000
COCA COLA CO COM	COM	191216100	1,510	36,429	SH		OTR	1	0	0	36,429
COGNIZANT TECH SOLUTIONS CORP CL A	COM	192446102	1,980	35,342	SH		OTR	1	0	0	35,342
COLGATE PALMOLIVE COMPANY	COM	194162103	1,405	21,472	SH		OTR	1	0	0	21,472
CULLEN FROST BANKERS INC	COM	229899109	1,038	11,764	SH		OTR	1	0	0	11,764
DARDEN RESTAURANTS INC	COM	237194105	210	2,882	SH		OTR	1	0	0	2,882
WALT DISNEY CO	COM	254687106	4,894	46,954	SH		OTR	1	0	0	46,954
DOW CHEMICAL CO	COM	260543103	1,711	29,918	SH		OTR	1	0	0	29,918
EI DU PONT DE NEMOURS & CO.	COM	263534109	2,777	37,834	SH		OTR	1	0	0	37,834
EMERSON ELECTRIC CO	COM	291011104	1,535	27,536	SH		OTR	1	0	0	27,536
FORD MOTOR COMPANY	COM	345370860	986	81,287	SH		OTR	1	0	0	81,287
GENERAL ELECTRIC COMPANY	COM	369604103	5,481	173,507	SH		OTR	1	0	0	173,507
GENERAL MILLS INC	COM	370334104	338	5,473	SH		OTR	1	0	0	5,473
GILEAD SCIENCES INC	COM	375558103	1,706	23,816	SH		OTR	1	0	0	23,816
HONEYWELL INTL INC COM	COM	438516106	2,570	22,192	SH		OTR	1	0	0	22,192
HOOKER FURNITURE CORP	COM	439038100	323	8,500	SH		OTR	1	0	0	8,500
ILLUMINA INC	COM	452327109	466	3,643	SH		OTR	1	0	0	3,643
INTEL CORPORATION	COM	458140100	917	25,262	SH		OTR	1	0	0	25,262
INTERNATIONAL BUSINESS MACHSCOM	COM	459200101	249	1,504	SH		OTR	1	0	0	1,504
ISHARES CORE U.S. AGGREGATE BOND ETF	ETF	464287226	4,191	38,779	SH		OTR	1	0	0	38,779
ETF ISHS IBOXX $INVEST GRADECOPR BD FUND	ETF	464287242	953	8,136	SH		OTR	1	0	0	8,136
ISHARES MSCI EAFE ETF	ETF	464287465	3,649	63,214	SH		OTR	1	0	0	63,214
ISHARES CORE S&P SMALLCAP	ETF	464287804	659	4,793	SH		OTR	1	0	0	4,793
ISHARES INTERMED GOVT/CREDITBOND	ETF	464288612	1,095	9,968	SH		OTR	1	0	0	9,968
JOHNSON & JOHNSON COM	COM	478160104	2,501	21,710	SH		OTR	1	0	0	21,710
KIMBERLY CLARK CORPORATION	COM	494368103	480	4,203	SH		OTR	1	0	0	4,203
KRAFT HEINZ CO	COM	500754106	264	3,031	SH		OTR	1	0	0	3,031
ELI LILLY & CO	COM	532457108	506	6,892	SH		OTR	1	0	0	6,892
MDU RES GROUP INC COM	COM	552690109	1,274	44,296	SH		OTR	1	0	0	44,296
MAGNA INTL INC	COM	559222401	1,690	38,934	SH		OTR	1	0	0	38,934
MICROSOFT CORPORATION	COM	594918104	8,709	140,180	SH		OTR	1	0	0	140,180
MONDELEZ INTERNATIONAL INC.	COM	609207105	323	7,273	SH		OTR	1	0	0	7,273
NATIONAL GRID PLC ADR	COM	636274300	610	10,453	SH		OTR	1	0	0	10,453
NORFOLK SOUTHERN CORP	COM	655844108	1,713	15,849	SH		OTR	1	0	0	15,849
PNC BANK CORP	COM	693475105	4,235	36,208	SH		OTR	1	0	0	36,208
PEPSICO INC COM	COM	713448108	2,813	26,888	SH		OTR	1	0	0	26,888
PFIZER INC COM	COM	717081103	1,749	53,869	SH		OTR	1	0	0	53,869
PHILLIP MORRIS INTL INC	COM	718172109	592	6,469	SH		OTR	1	0	0	6,469
PRICELINE GROUP INC	COM	741503403	2,841	1,938	SH		OTR	1	0	0	1,938
PROCTER & GAMBLE CO COM	COM	742718109	4,651	55,315	SH		OTR	1	0	0	55,315
ROYAL DUTCH SHELL PLC A SHARES	COM	780259206	953	17,517	SH		OTR	1	0	0	17,517
SCHLUMBERGER LTD	COM	806857108	3,294	39,244	SH		OTR	1	0	0	39,244
SOUTHERN COMPANY COM	COM	842587107	1,037	21,079	SH		OTR	1	0	0	21,079
SPECTRA ENERGY CORP	COM	847560109	1,452	35,323	SH		OTR	1	0	0	35,323
SYSCO CORPORATION	COM	871829107	619	11,185	SH		OTR	1	0	0	11,185
TJX COMPANIES INC	COM	872540109	4,351	57,918	SH		OTR	1	0	0	57,918
TANGER FACTORY OUTLET	COM	875465106	898	25,100	SH		OTR	1	0	0	25,100
TRACTOR SUPPLY CO	COM	892356106	450	5,930	SH		OTR	1	0	0	5,930
UNILEVER PLC ADR	COM	904767704	677	16,625	SH		OTR	1	0	0	16,625
UNION PACIFIC CORP	COM	907818108	200	1,930	SH		OTR	1	0	0	1,930
UNITED TECHNOLOGIES CORP COM	COM	913017109	4,372	39,882	SH		OTR	1	0	0	39,882
WAL-MART STORES	COM	931142103	2,914	42,160	SH		OTR	1	0	0	42,160
WALGREENS BOOTS ALLIANCE	COM	931427108	1,484	17,928	SH		OTR	1	0	0	17,928
WELLS FARGO & CO NEW	COM	949746101	3,778	68,549	SH		OTR	1	0	0	68,549
WEYERHAEUSER CO	COM	962166104	755	25,109	SH		OTR	1	0	0	25,109
WHIRLPOOL	COM	963320106	273	1,500	SH		OTR	1	0	0	1,500
AT&T INC	COM	00206R102	1,789	42,077	SH		OTR	1	0	0	42,077
ABBVIE INC	COM	00287Y109	3,582	57,200	SH		OTR	1	0	0	57,200
ALPHABET INC.	COM	02079K107	3,476	4,504	SH		OTR	1	0	0	4,504
ALTRIA GROUP INC	COM	02209S103	582	8,607	SH		OTR	1	0	0	8,607
BLACKROCK INC.	COM	09247X101	1,161	3,050	SH		OTR	1	0	0	3,050
CISCO SYSTEMS INC	COM	17275R102	4,208	139,293	SH		OTR	1	0	0	139,293
CONOCOPHILLIPS COM	COM	20825C104	931	18,573	SH		OTR	1	0	0	18,573
COSTCO WHOLESALE CORP	COM	22160K105	1,313	8,202	SH		OTR	1	0	0	8,202
DIAGEO PLC SPON ADR NEW	COM	25243Q205	1,514	14,571	SH		OTR	1	0	0	14,571
DOMINION RES INC VA NEW	COM	25746U109	421	5,497	SH		OTR	1	0	0	5,497
DUKE ENERGY CORP NEW	COM	26441C204	1,253	16,153	SH		OTR	1	0	0	16,153
EOG RESOURCES INC	COM	26875P101	2,509	24,819	SH		OTR	1	0	0	24,819
EQT CORP	COM	26884L109	2,417	36,949	SH		OTR	1	0	0	36,949
EXPRESS SCRIPTS HLDG CO	COM	30219G108	2,648	38,497	SH		OTR	1	0	0	38,497
EXXON MOBIL CORP COM	COM	30231G102	4,236	46,928	SH		OTR	1	0	0	46,928
GAMESTOP CORP NEW CL A	COM	36467W109	1,228	48,624	SH		OTR	1	0	0	48,624
GLAXOSMITHKLINE PLC SPONSORED ADR	COM	37733W105	1,094	28,438	SH		OTR	1	0	0	28,438
HCP INC	COM	40414L109	777	26,161	SH		OTR	1	0	0	26,161
INTUITIVE SURGICAL INC.	COM	46120E602	508	801	SH		OTR	1	0	0	801
J P MORGAN CHASE & CO	COM	46625H100	4,615	53,488	SH		OTR	1	0	0	53,488
KINDER MORGAN INC DEL COM	COM	49456B101	4,616	222,991	SH		OTR	1	0	0	222,991
LABORATORY CORP OF AMERICA HLDGS	COM	50540R409	3,016	23,492	SH		OTR	1	0	0	23,492
MASTERCARD INC	COM	57636Q104	4,240	41,070	SH		OTR	1	0	0	41,070
MERCK & CO NEW	COM	58933Y105	3,154	53,571	SH		OTR	1	0	0	53,571
MONSANTO COMPANY	COM	61166W101	486	4,619	SH		OTR	1	0	0	4,619
NOVARTIS AG ADR	COM	66987V109	882	12,105	SH		OTR	1	0	0	12,105
T ROWE PRICE INC	COM	74144T108	479	6,366	SH		OTR	1	0	0	6,366
SPDR S&P 500 ETF TR TR UNIT	ETF	78462F103	9,950	44,515	SH		OTR	1	0	0	44,515
SIRIUS XM HOLDINGS INC	COM	82968B103	89	20,000	SH		OTR	1	0	0	20,000
VERIZON COMMUNICATIONS INC	COM	92343V104	4,670	87,498	SH		OTR	1	0	0	87,498
VISA INC COM CL A	COM	92826C839	2,347	30,073	SH		OTR	1	0	0	30,073
VODAFONE GROUP PLC NEW ADR	COM	92857W308	839	34,354	SH		OTR	1	0	0	34,354
ALLERGAN PLC	COM	G0177J108	3,820	18,188	SH		OTR	1	0	0	18,188
INGERSOLL-RAND PLC	COM	G47791101	2,714	36,166	SH		OTR	1	0	0	36,166
SEAGATE TECHNOLOGY PLC	COM	G7945M107	1,075	28,161	SH		OTR	1	0	0	28,161
PERRIGO CO LTD	COM	G97822103	1,779	21,384	SH		OTR	1	0	0	21,384
LYONDELLBASELL INDUSTRIES	COM	N53745100	2,947	34,354	SH		OTR	1	0	0	34,354
NXP SEMICONDUCTORS	COM	N6596X109	3,316	33,836	SH		OTR	1	0	0	33,836