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

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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 LABS	COM	002824100	3,306	68,005	SH		SOLE		68,005	0	0
ABBVIE INC	COM	00287Y109	4,390	60,538	SH		SOLE		60,538	0	0
AFLAC INC	COM	001055102	260	3,349	SH		SOLE		3,349	0	0
ALLERGAN PLC	SHS	G0177J108	3,715	15,284	SH		SOLE		15,284	0	0
ALLSTATE CORP	COM	020002101	358	4,047	SH		SOLE		4,047	0	0
ALPHABET INC	CAP STK CL C	02079K107	3,473	3,822	SH		SOLE		3,822	0	0
ALTRIA GROUP INC	COM	02209S103	372	4,994	SH		SOLE		4,994	0	0
AMAZON COM INC	COM	023135106	2,591	2,677	SH		SOLE		2,677	0	0
AMERICAN ELEC PWR INC	COM	025537101	121	1,747	SH		SOLE		1,747	0	0
AMERICAN EXPRESS CO	COM	025816109	1,100	13,055	SH		SOLE		13,055	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	2,614	41,809	SH		SOLE		41,809	0	0
AMETEK INC NEW	COM	031100100	2,375	39,206	SH		SOLE		39,206	0	0
AMGEN INC	COM	031162100	2,370	13,762	SH		SOLE		13,762	0	0
ANALOG DEVICES INC	COM	032654105	77	984	SH		SOLE		984	0	0
APPLE INC	COM	037833100	7,386	51,282	SH		SOLE		51,282	0	0
APTARGROUP INC	COM	038336103	245	2,818	SH		SOLE		2,818	0	0
AT&T INC	COM	00206R102	2,131	56,487	SH		SOLE		56,487	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	274	2,673	SH		SOLE		2,673	0	0
BABCOCK & WILCOX ENTERPRIS I	COM	05614L100	135	11,500	SH		SOLE		11,500	0	0
BANK AMER CORP	COM	060505104	278	11,467	SH		SOLE		11,467	0	0
BB&T CORP	COM	054937107	251	5,535	SH		SOLE		5,535	0	0
BERKLEY W R CORP	COM	084423102	253	3,658	SH		SOLE		3,658	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	7,230	42,686	SH		SOLE		42,686	0	0
BLACKROCK INC	COM	09247X101	51	120	SH		SOLE		120	0	0
BORGWARNER INC	COM	099724106	10	225	SH		SOLE		225	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	285	10,295	SH		SOLE		10,295	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	266	4,775	SH		SOLE		4,775	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	2,793	71,227	SH		SOLE		71,227	0	0
CATERPILLAR INC DEL	COM	149123101	767	7,140	SH		SOLE		7,140	0	0
CBRE GROUP INC	CL A	12504L109	227	6,238	SH		SOLE		6,238	0	0
CELGENE CORP	COM	151020104	69	528	SH		SOLE		528	0	0
CHEVRON CORP NEW	COM	166764100	1,739	16,667	SH		SOLE		16,667	0	0
CISCO SYS INC	COM	17275R102	5,524	176,477	SH		SOLE		176,477	0	0
CITIGROUP INC	COM NEW	172967424	220	3,290	SH		SOLE		3,290	0	0
COCA COLA CO	COM	191216100	41	919	SH		SOLE		919	0	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	3,417	51,458	SH		SOLE		51,458	0	0
COLGATE PALMOLIVE CO	COM	194162103	96	1,300	SH		SOLE		1,300	0	0
COMCAST CORP NEW	CL A	20030N101	306	7,861	SH		SOLE		7,861	0	0
COSTCO WHSL CORP NEW	COM	22160K105	4	25	SH		SOLE		25	0	0
CSX CORP	COM	126408103	66	1,218	SH		SOLE		1,218	0	0
CVS HEALTH CORP	COM	126650100	2,497	31,037	SH		SOLE		31,037	0	0
DIAGEO P L C	SPON ADR NEW	25243Q205	1,781	14,864	SH		SOLE		14,864	0	0
DISNEY WALT CO	COM DISNEY	254687106	2,044	19,235	SH		SOLE		19,235	0	0
DOMINION ENERGY INC	COM	25746U109	41	532	SH		SOLE		532	0	0
DOW CHEM CO	COM	260543103	2,764	43,828	SH		SOLE		43,828	0	0
DU PONT E I DE NEMOURS & CO	COM	263534109	2,439	30,224	SH		SOLE		30,224	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	2,283	27,309	SH		SOLE		27,309	0	0
EATON CORP PLC	SHS	G29183103	1,866	23,970	SH		SOLE		23,970	0	0
EMERSON ELEC CO	COM	291011104	2,170	36,405	SH		SOLE		36,405	0	0
ENBRIDGE INC	COM	29250N105	2,181	54,780	SH		SOLE		54,780	0	0
EOG RES INC	COM	26875P101	1,827	20,178	SH		SOLE		20,178	0	0
EQT CORP	COM	26884L109	1,772	30,245	SH		SOLE		30,245	0	0
EXXON MOBIL CORP	COM	30231G102	2,937	36,377	SH		SOLE		36,377	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,683	150,378	SH		SOLE		150,378	0	0
GAMESTOP CORP NEW	CL A	36467W109	1,318	60,981	SH		SOLE		60,981	0	0
GENERAL ELECTRIC CO	COM	369604103	3,952	146,314	SH		SOLE		146,314	0	0
GENERAL MLS INC	COM	370334104	15	268	SH		SOLE		268	0	0
GILEAD SCIENCES INC	COM	375558103	247	3,486	SH		SOLE		3,486	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	2,078	48,183	SH		SOLE		48,183	0	0
HANESBRANDS INC	COM	410345102	1,662	71,769	SH		SOLE		71,769	0	0
HARRIS CORP DEL	COM	413875105	457	4,188	SH		SOLE		4,188	0	0
HCP INC	COM	40414L109	1,597	49,966	SH		SOLE		49,966	0	0
HELEN OF TROY CORP LTD	COM	G4388N106	315	3,346	SH		SOLE		3,346	0	0
SCHEIN HENRY INC	COM	806407102	278	1,517	SH		SOLE		1,517	0	0
HONEYWELL INTL INC	COM	438516106	2,363	17,730	SH		SOLE		17,730	0	0
INGERSOLL-RAND PLC	SHS	G47791101	3,495	38,242	SH		SOLE		38,242	0	0
INTEL CORP	COM	458140100	1,689	50,066	SH		SOLE		50,066	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	517	3,359	SH		SOLE		3,359	0	0
JACOBS ENGR GROUP INC DEL	COM	469814107	210	3,867	SH		SOLE		3,867	0	0
SMUCKER J M CO	COM NEW	832696405	224	1,890	SH		SOLE		1,890	0	0
JOHNSON & JOHNSON	COM	478160104	4,936	37,311	SH		SOLE		37,311	0	0
JOHNSON CTLS INTL PLC	SHS	G51502105	2,815	64,925	SH		SOLE		64,925	0	0
JPMORGAN CHASE & CO	COM	46625H100	7,053	77,167	SH		SOLE		77,167	0	0
KIMBERLY CLARK CORP	COM	494368103	2,146	16,625	SH		SOLE		16,625	0	0
KINDER MORGAN INC DEL	COM	49456B101	39	2,058	SH		SOLE		2,058	0	0
KRAFT HEINZ CO	COM	500754106	26	300	SH		SOLE		300	0	0
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	3,190	20,698	SH		SOLE		20,698	0	0
LILLY ELI & CO	COM	532457108	33	400	SH		SOLE		400	0	0
LOWES COS INC	COM	548661107	791	10,200	SH		SOLE		10,200	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	3,717	44,043	SH		SOLE		44,043	0	0
MAGNA INTL INC	COM	559222401	1,879	40,557	SH		SOLE		40,557	0	0
MASTEC INC	COM	576323109	200	4,430	SH		SOLE		4,430	0	0
MASTERCARD INCORPORATED	CL A	57636Q104	3,819	31,441	SH		SOLE		31,441	0	0
MCDERMOTT INTL INC	COM	580037109	78	10,900	SH		SOLE		10,900	0	0
MCDONALDS CORP	COM	580135101	15	100	SH		SOLE		100	0	0
MDU RES GROUP INC	COM	552690109	2,077	79,272	SH		SOLE		79,272	0	0
MEDTRONIC PLC	SHS	G5960L103	509	5,735	SH		SOLE		5,735	0	0
MERCK & CO INC	COM	58933Y105	2,586	40,349	SH		SOLE		40,349	0	0
MFS INTER INCOME TR	SH BEN INT	55273C107	79	18,325	SH		SOLE		18,325	0	0
MICROSOFT CORP	COM	594918104	11,420	165,677	SH		SOLE		165,677	0	0
MONDELEZ INTL INC	CL A	609207105	26	608	SH		SOLE		608	0	0
MONSANTO CO NEW	COM	61166W101	24	200	SH		SOLE		200	0	0
NASDAQ INC	COM	631103108	316	4,426	SH		SOLE		4,426	0	0
NATIONAL GRID PLC	SPONSORED ADR NE	636274409	939	14,945	SH		SOLE		14,945	0	0
NEW YORK CMNTY BANCORP INC	COM	649445103	1,314	100,071	SH		SOLE		100,071	0	0
NIELSEN HLDGS PLC	SHS EUR	G6518L108	1,272	32,910	SH		SOLE		32,910	0	0
NORFOLK SOUTHERN CORP	COM	655844108	308	2,534	SH		SOLE		2,534	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	2,008	24,061	SH		SOLE		24,061	0	0
NVIDIA CORP	COM	67066G104	455	3,148	SH		SOLE		3,148	0	0
NXP SEMICONDUCTORS N V	COM	N6596X109	3,114	28,453	SH		SOLE		28,453	0	0
PEPSICO INC	COM	713448108	3,180	27,533	SH		SOLE		27,533	0	0
PERRIGO CO PLC	SHS	G97822103	1,526	20,205	SH		SOLE		20,205	0	0
PFIZER INC	COM	717081103	1,935	57,606	SH		SOLE		57,606	0	0
PHILIP MORRIS INTL INC	COM	718172109	95	806	SH		SOLE		806	0	0
PNC FINL SVCS GROUP INC	COM	693475105	4,914	39,351	SH		SOLE		39,351	0	0
PPG INDS INC	COM	693506107	275	2,500	SH		SOLE		2,500	0	0
PRICELINE GRP INC	COM NEW	741503403	1,885	1,008	SH		SOLE		1,008	0	0
PROCTER AND GAMBLE CO	COM	742718109	5,340	61,278	SH		SOLE		61,278	0	0
PULTE GROUP INC	COM	745867101	589	24,000	SH		SOLE		24,000	0	0
QUALCOMM INC	COM	747525103	2,148	38,892	SH		SOLE		38,892	0	0
ROBERT HALF INTL INC	COM	770323103	256	5,334	SH		SOLE		5,334	0	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	378	5,214	SH		SOLE		5,214	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	1,527	28,716	SH		SOLE		28,716	0	0
SCHLUMBERGER LTD	COM	806857108	2,360	35,845	SH		SOLE		35,845	0	0
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	1,495	38,569	SH		SOLE		38,569	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	236	2,456	SH		SOLE		2,456	0	0
SNAP ON INC	COM	833034101	2,017	12,765	SH		SOLE		12,765	0	0
ISHARES	MSCI STH KOR ETF	464286772	259	3,822	SH		SOLE		3,822	0	0
SOUTHERN CO	COM	842587107	1,297	27,090	SH		SOLE		27,090	0	0
SUNTRUST BKS INC	COM	867914103	291	5,139	SH		SOLE		5,139	0	0
SWISS HELVETIA FD INC	COM	870875101	176	13,828	SH		SOLE		13,828	0	0
SYNOPSYS INC	COM	871607107	348	4,775	SH		SOLE		4,775	0	0
SYSCO CORP	COM	871829107	39	765	SH		SOLE		765	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	2,624	101,013	SH		SOLE		101,013	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	2,539	14,553	SH		SOLE		14,553	0	0
TJX COS INC NEW	COM	872540109	4,315	59,789	SH		SOLE		59,789	0	0
TYSON FOODS INC	CL A	902494103	214	3,411	SH		SOLE		3,411	0	0
UNILEVER PLC	SPON ADR NEW	904767704	1,690	31,236	SH		SOLE		31,236	0	0
UNION PAC CORP	COM	907818108	3,031	27,835	SH		SOLE		27,835	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	4,346	35,589	SH		SOLE		35,589	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	1,618	36,219	SH		SOLE		36,219	0	0
V F CORP	COM	918204108	2,044	35,479	SH		SOLE		35,479	0	0
VISA INC	COM CL A	92826C839	3,111	33,177	SH		SOLE		33,177	0	0
VODAFONE GROUP PLC NEW	SPONSORED ADR	92857W308	6,058	210,858	SH		SOLE		210,858	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	19	240	SH		SOLE		240	0	0
WAL-MART STORES INC	COM	931142103	131	1,726	SH		SOLE		1,726	0	0
WELLS FARGO CO NEW	COM	949746101	4,539	81,923	SH		SOLE		81,923	0	0
WEYERHAEUSER CO	COM	962166104	927	27,670	SH		SOLE		27,670	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	1,330	14,835	SH		SOLE		14,835	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	1,098	19,986	SH		SOLE		19,986	0	0
ISHARES TR	MSCI EAFE ETF	464287465	165	2,529	SH		SOLE		2,529	0	0
VANGUARD WORLD FDS	ENERGY ETF	92204A306	622	7,029	SH		SOLE		7,029	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	2,062	83,568	SH		SOLE		83,568	0	0
ISHARES TR	GLOBAL MATER ETF	464288695	371	6,198	SH		SOLE		6,198	0	0
ISHARES TR	GLOB TELECOM ETF	464287275	228	3,894	SH		SOLE		3,894	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	1,975	24,930	SH		SOLE		24,930	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	1,793	26,328	SH		SOLE		26,328	0	0
ISHARES TR	1-3 YR CR BD ETF	464288646	204	1,933	SH		SOLE		1,933	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	133	1,104	SH		SOLE		1,104	0	0
ISHARES TR	RUSSELL 3000 ETF	464287689	979	6,795	SH		SOLE		6,795	0	0
ISHARES TR	CORE S&P SCP ETF	464287804	8	110	SH		SOLE		110	0	0
ISHARES TR	CORE US AGGBD ET	464287226	33	299	SH		SOLE		299	0	0
ISHARES TR	CORE HIGH DV ETF	46429B663	362	4,355	SH		SOLE		4,355	0	0
NUVEEN NORTH CAROLINA QLTY M	COM	67060P100	237	17,746	SH		SOLE		17,746	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	540	2,232	SH		SOLE		2,232	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	2,632	18,688	SH		SOLE		18,688	0	0
ABBOTT LABS	COM	002824100	2,724	56,029	SH		OTR	1	0	0	56,029
ABBVIE INC	COM	00287Y109	4,067	56,082	SH		OTR	1	0	0	56,082
ALLERGAN PLC	SHS	G0177J108	4,303	17,702	SH		OTR	1	0	0	17,702
ALPHABET INC	CAP STK CL C	02079K107	4,024	4,428	SH		OTR	1	0	0	4,428
ALTRIA GROUP INC	COM	02209S103	739	9,932	SH		OTR	1	0	0	9,932
AMAZON COM INC	COM	023135106	2,934	3,031	SH		OTR	1	0	0	3,031
AMERICAN ELEC PWR INC	COM	025537101	339	4,883	SH		OTR	1	0	0	4,883
AMERICAN INTL GROUP INC	COM NEW	026874784	3,172	50,736	SH		OTR	1	0	0	50,736
AMERICAN NATL BANKSHARES INC	COM	027745108	6,702	181,388	SH		OTR	1	0	0	181,388
AMETEK INC NEW	COM	031100100	2,117	34,956	SH		OTR	1	0	0	34,956
AMGEN INC	COM	031162100	994	5,767	SH		OTR	1	0	0	5,767
ANALOG DEVICES INC	COM	032654105	225	2,894	SH		OTR	1	0	0	2,894
APPLE INC	COM	037833100	8,067	56,012	SH		OTR	1	0	0	56,012
AT&T INC	COM	00206R102	1,564	41,462	SH		OTR	1	0	0	41,462
AUTODESK INC	COM	052769106	436	4,326	SH		OTR	1	0	0	4,326
BANK AMER CORP	COM	060505104	354	14,602	SH		OTR	1	0	0	14,602
BB&T CORP	COM	054937107	1,840	40,525	SH		OTR	1	0	0	40,525
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	255	1	SH		OTR	1	0	0	1
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	6,153	36,335	SH		OTR	1	0	0	36,335
BLACKROCK INC	COM	09247X101	965	2,285	SH		OTR	1	0	0	2,285
BORGWARNER INC	COM	099724106	906	21,387	SH		OTR	1	0	0	21,387
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	2,776	70,826	SH		OTR	1	0	0	70,826
CABELAS INC	COM	126804301	273	4,587	SH		OTR	1	0	0	4,587
CELGENE CORP	COM	151020104	1,990	15,319	SH		OTR	1	0	0	15,319
CHEVRON CORP NEW	COM	166764100	1,605	15,385	SH		OTR	1	0	0	15,385
CISCO SYS INC	COM	17275R102	4,395	140,465	SH		OTR	1	0	0	140,465
COCA COLA CO	COM	191216100	872	19,436	SH		OTR	1	0	0	19,436
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	3,105	46,757	SH		OTR	1	0	0	46,757
COLGATE PALMOLIVE CO	COM	194162103	1,510	20,373	SH		OTR	1	0	0	20,373
COSTCO WHSL CORP NEW	COM	22160K105	1,069	6,681	SH		OTR	1	0	0	6,681
CSX CORP	COM	126408103	355	6,509	SH		OTR	1	0	0	6,509
CVS HEALTH CORP	COM	126650100	1,976	24,555	SH		OTR	1	0	0	24,555
DARDEN RESTAURANTS INC	COM	237194105	213	2,357	SH		OTR	1	0	0	2,357
DIAGEO P L C	SPON ADR NEW	25243Q205	1,679	14,016	SH		OTR	1	0	0	14,016
DOMINION ENERGY INC	COM	25746U109	406	5,297	SH		OTR	1	0	0	5,297
DOW CHEM CO	COM	260543103	1,828	28,976	SH		OTR	1	0	0	28,976
DUKE ENERGY CORP NEW	COM NEW	26441C204	1,249	14,948	SH		OTR	1	0	0	14,948
EATON CORP PLC	SHS	G29183103	911	11,705	SH		OTR	1	0	0	11,705
DU PONT E I DE NEMOURS & CO	COM	263534109	2,921	36,197	SH		OTR	1	0	0	36,197
LILLY ELI & CO	COM	532457108	545	6,624	SH		OTR	1	0	0	6,624
EMERSON ELEC CO	COM	291011104	1,540	25,827	SH		OTR	1	0	0	25,827
ENBRIDGE INC	COM	29250N105	1,273	31,975	SH		OTR	1	0	0	31,975
EOG RES INC	COM	26875P101	2,080	22,983	SH		OTR	1	0	0	22,983
EQT CORP	COM	26884L109	2,072	35,364	SH		OTR	1	0	0	35,364
EXXON MOBIL CORP	COM	30231G102	3,634	45,015	SH		OTR	1	0	0	45,015
FIRST BANCORP N C	COM	318910106	3,528	112,894	SH		OTR	1	0	0	112,894
FORD MTR CO DEL	COM PAR $0.01	345370860	1,019	91,041	SH		OTR	1	0	0	91,041
GAMESTOP CORP NEW	CL A	36467W109	1,038	48,065	SH		OTR	1	0	0	48,065
GENERAL ELECTRIC CO	COM	369604103	4,450	164,821	SH		OTR	1	0	0	164,821
GENERAL MLS INC	COM	370334104	292	5,272	SH		OTR	1	0	0	5,272
GILEAD SCIENCES INC	COM	375558103	1,472	20,795	SH		OTR	1	0	0	20,795
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	1,181	27,394	SH		OTR	1	0	0	27,394
HANESBRANDS INC	COM	410345102	751	32,444	SH		OTR	1	0	0	32,444
HCP INC	COM	40414L109	923	28,892	SH		OTR	1	0	0	28,892
HONEYWELL INTL INC	COM	438516106	2,894	21,710	SH		OTR	1	0	0	21,710
HOOKER FURNITURE CORP	COM	439038100	350	8,500	SH		OTR	1	0	0	8,500
ILLUMINA INC	COM	452327109	384	2,214	SH		OTR	1	0	0	2,214
INGERSOLL-RAND PLC	SHS	G47791101	3,122	34,158	SH		OTR	1	0	0	34,158
INTEL CORP	COM	458140100	901	26,723	SH		OTR	1	0	0	26,723
INTERNATIONAL BUSINESS MACHS	COM	459200101	211	1,372	SH		OTR	1	0	0	1,372
INTUITIVE SURGICAL INC	COM NEW	46120E602	613	655	SH		OTR	1	0	0	655
JPMORGAN CHASE & CO	COM	46625H100	4,864	53,218	SH		OTR	1	0	0	53,218
JOHNSON & JOHNSON	COM	478160104	2,891	21,852	SH		OTR	1	0	0	21,852
JOHNSON CTLS INTL PLC	SHS	G51502105	3,040	70,102	SH		OTR	1	0	0	70,102
KIMBERLY CLARK CORP	COM	494368103	872	6,754	SH		OTR	1	0	0	6,754
KINDER MORGAN INC DEL	COM	49456B101	340	17,742	SH		OTR	1	0	0	17,742
KRAFT HEINZ CO	COM	500754106	285	3,321	SH		OTR	1	0	0	3,321
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	3,407	22,103	SH		OTR	1	0	0	22,103
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	2,909	34,477	SH		OTR	1	0	0	34,477
MAGNA INTL INC	COM	559222401	1,617	34,908	SH		OTR	1	0	0	34,908
MASTERCARD INCORPORATED	CL A	57636Q104	4,717	38,846	SH		OTR	1	0	0	38,846
MCDONALDS CORP	COM	580135101	242	1,585	SH		OTR	1	0	0	1,585
MDU RES GROUP INC	COM	552690109	1,070	40,830	SH		OTR	1	0	0	40,830
MERCK & CO INC	COM	58933Y105	3,320	51,798	SH		OTR	1	0	0	51,798
MICROSOFT CORP	COM	594918104	9,270	134,483	SH		OTR	1	0	0	134,483
MONDELEZ INTL INC	CL A	609207105	367	8,482	SH		OTR	1	0	0	8,482
MONSANTO CO NEW	COM	61166W101	457	3,864	SH		OTR	1	0	0	3,864
NATIONAL GRID PLC	SPONSORED ADR NE	636274409	648	10,318	SH		OTR	1	0	0	10,318
NEW YORK CMNTY BANCORP INC	COM	649445103	616	46,905	SH		OTR	1	0	0	46,905
NIELSEN HLDGS PLC	SHS EUR	G6518L108	421	10,901	SH		OTR	1	0	0	10,901
NORFOLK SOUTHERN CORP	COM	655844108	854	7,020	SH		OTR	1	0	0	7,020
NOVARTIS A G	SPONSORED ADR	66987V109	1,004	12,029	SH		OTR	1	0	0	12,029
NXP SEMICONDUCTORS N V	COM	N6596X109	3,604	32,921	SH		OTR	1	0	0	32,921
PEPSICO INC	COM	713448108	3,027	26,208	SH		OTR	1	0	0	26,208
PERRIGO CO PLC	SHS	G97822103	1,584	20,973	SH		OTR	1	0	0	20,973
PFIZER INC	COM	717081103	1,910	56,865	SH		OTR	1	0	0	56,865
PHILIP MORRIS INTL INC	COM	718172109	964	8,210	SH		OTR	1	0	0	8,210
PNC FINL SVCS GROUP INC	COM	693475105	4,338	34,739	SH		OTR	1	0	0	34,739
PRICELINE GRP INC	COM NEW	741503403	2,282	1,220	SH		OTR	1	0	0	1,220
PROCTER AND GAMBLE CO	COM	742718109	4,618	52,995	SH		OTR	1	0	0	52,995
QUALCOMM INC	COM	747525103	1,215	21,998	SH		OTR	1	0	0	21,998
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	932	17,538	SH		OTR	1	0	0	17,538
SCHLUMBERGER LTD	COM	806857108	2,544	38,629	SH		OTR	1	0	0	38,629
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	1,056	27,251	SH		OTR	1	0	0	27,251
SIRIUS XM HLDGS INC	COM	82968B103	109	20,000	SH		OTR	1	0	0	20,000
SNAP ON INC	COM	833034101	1,784	11,289	SH		OTR	1	0	0	11,289
SOUTHERN CO	COM	842587107	919	19,193	SH		OTR	1	0	0	19,193
SPDR S&P 500 ETF TR	TR UNIT	78462F103	9,252	38,265	SH		OTR	1	0	0	38,265
SYSCO CORP	COM	871829107	473	9,392	SH		OTR	1	0	0	9,392
PRICE T ROWE GROUP INC	COM	74144T108	300	4,042	SH		OTR	1	0	0	4,042
TANGER FACTORY OUTLET CTRS I	COM	875465106	1,306	50,289	SH		OTR	1	0	0	50,289
THERMO FISHER SCIENTIFIC INC	COM	883556102	2,250	12,896	SH		OTR	1	0	0	12,896
TJX COS INC NEW	COM	872540109	4,111	56,971	SH		OTR	1	0	0	56,971
TRACTOR SUPPLY CO	COM	892356106	314	5,785	SH		OTR	1	0	0	5,785
UNILEVER PLC	SPON ADR NEW	904767704	895	16,545	SH		OTR	1	0	0	16,545
UNION PAC CORP	COM	907818108	2,768	25,421	SH		OTR	1	0	0	25,421
UNITED TECHNOLOGIES CORP	COM	913017109	4,557	37,323	SH		OTR	1	0	0	37,323
V F CORP	COM	918204108	862	14,977	SH		OTR	1	0	0	14,977
VERIZON COMMUNICATIONS INC	COM	92343V104	1,195	26,774	SH		OTR	1	0	0	26,774
VISA INC	COM CL A	92826C839	2,968	31,650	SH		OTR	1	0	0	31,650
VODAFONE GROUP PLC NEW	SPONSORED ADR	92857W308	4,477	155,902	SH		OTR	1	0	0	155,902
WALGREENS BOOTS ALLIANCE INC	COM	931427108	1,144	14,615	SH		OTR	1	0	0	14,615
WAL-MART STORES INC	COM	931142103	238	3,147	SH		OTR	1	0	0	3,147
DISNEY WALT CO	COM DISNEY	254687106	2,589	24,360	SH		OTR	1	0	0	24,360
WELLS FARGO CO NEW	COM	949746101	3,805	68,674	SH		OTR	1	0	0	68,674
WEYERHAEUSER CO	COM	962166104	544	16,249	SH		OTR	1	0	0	16,249
WHIRLPOOL CORP	COM	963320106	287	1,500	SH		OTR	1	0	0	1,500
ISHARES TR	IBOXX INV CP ETF	464287242	1,066	8,844	SH		OTR	1	0	0	8,844
ISHARES TR	1-3 YR TR BD ETF	464287457	222	2,623	SH		OTR	1	0	0	2,623
ISHARES TR	CORE S&P SCP ETF	464287804	545	7,775	SH		OTR	1	0	0	7,775
ISHARES TR	CORE US AGGBD ET	464287226	4,274	39,028	SH		OTR	1	0	0	39,028
ISHARES TR	INTRM GOV/CR ETF	464288612	724	6,537	SH		OTR	1	0	0	6,537
ISHARES TR	MSCI EAFE ETF	464287465	4,272	65,518	SH		OTR	1	0	0	65,518