Douglas Lane & 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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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	COMMON	88579Y101	1,392	7,965	SH		SOLE		0	0	7,965
ABBOTT LABS	COMMON	002824100	1,695	15,483	SH		SOLE		0	0	15,483
ABBVIE INC	COMMON	00287Y109	1,193	11,138	SH		SOLE		0	0	11,138
ACCENTURE PLC IRELAND SHS CLAS	COMMON	G1151C101	16,513	63,219	SH		SOLE		2,300	0	60,919
ACTIVISION BLIZZARD INC	COMMON	00507V109	221	2,376	SH		SOLE		0	0	2,376
ADOBE INC	COMMON	00724F101	2,531	5,060	SH		SOLE		0	0	5,060
AES CORP	COMMON	00130H105	66,889	2,846,344	SH		SOLE		247,930	0	2,598,414
AIR LEASE CORP CL A	COMMON	00912X302	60,508	1,362,177	SH		SOLE		119,719	0	1,242,458
AIR PRODUCTS & CHEMICALS INC	COMMON	009158106	2,440	8,931	SH		SOLE		0	0	8,931
AKAMAI TECHNOLOGIES INC	COMMON	00971T101	577	5,500	SH		SOLE		0	0	5,500
ALCON INC ORD SHS	COMMON	H01301128	2,257	34,206	SH		SOLE		0	0	34,206
ALIBABA GROUP HOLDING LTD SPON	COMMON	01609W102	61,500	264,256	SH		SOLE		35,600	0	228,656
ALPHABET INC CAP STK CL A	COMMON	02079K305	39,801	22,709	SH		SOLE		2,982	0	19,727
ALPHABET INC CAP STK CL C	COMMON	02079K107	102,765	58,660	SH		SOLE		5,220	0	53,440
AMAZON.COM INC	COMMON	023135106	41,651	12,789	SH		SOLE		690	0	12,099
AMERICAN AIRLINES GROUP INC	COMMON	02376R102	3,768	238,949	SH		SOLE		0	0	238,949
AMERICAN EXPRESS CO	COMMON	025816109	75,536	624,732	SH		SOLE		55,609	0	569,123
AMERICAN TOWER CORP NEW	COMMON	03027X100	60,487	269,478	SH		SOLE		29,500	0	239,978
AMGEN INC	COMMON	031162100	8,245	35,859	SH		SOLE		300	0	35,559
ANTHRACITE CAP INC	COMMON	037023108	0	13,772	SH		SOLE		0	0	13,772
APACHE CORP	COMMON	037411105	28,683	2,021,323	SH		SOLE		232,900	0	1,788,423
APPLE INC	COMMON	037833100	33,267	250,710	SH		SOLE		0	0	250,710
APTIV PLC SHS	COMMON	G6095L109	61,781	474,182	SH		SOLE		43,427	0	430,755
AT&T INC	COMMON	00206R102	41,860	1,455,487	SH		SOLE		161,670	0	1,293,817
AUTOMATIC DATA PROCESSING INC	COMMON	053015103	1,576	8,946	SH		SOLE		0	0	8,946
AUTOZONE INC	COMMON	053332102	302	255	SH		SOLE		0	0	255
AVALONBAY COMMUNITIES INC	COMMON	053484101	209	1,303	SH		SOLE		0	0	1,303
BANK OF AMERICA CORP	COMMON	060505104	80,799	2,665,749	SH		SOLE		221,403	0	2,444,346
BAXTER INTERNATIONAL INC	COMMON	071813109	263	3,280	SH		SOLE		0	0	3,280
BECTON DICKINSON & CO	COMMON	075887109	622	2,487	SH		SOLE		0	0	2,487
BEIJING ENTRPRS WATER GRP LTD	COMMON	G0957L109	34	84,000	SH		SOLE		0	0	84,000
BERKSHIRE HATHAWAY INC CL B NE	COMMON	084670702	4,239	18,280	SH		SOLE		0	0	18,280
BLACKROCK INC	COMMON	09247X101	322	446	SH		SOLE		0	0	446
BLACKSTONE GROUP INC	COMMON	09260D107	93,109	1,436,653	SH		SOLE		165,238	0	1,271,415
BOEING CO	COMMON	097023105	797	3,722	SH		SOLE		0	0	3,722
BRISTOL MYERS SQUIBB CO	COMMON	110122108	109,717	1,768,766	SH		SOLE		136,078	0	1,632,688
BRISTOL MYERS SQUIBB CONTINGEN	COMMON	110122157	361	523,445	SH		SOLE		59,197	0	464,248
BROADCOM INC	COMMON	11135F101	340	776	SH		SOLE		0	0	776
BROADRIDGE FINANCIAL SOLUTIONS	COMMON	11133T103	43,873	286,377	SH		SOLE		28,765	0	257,612
BROOKFIELD ASSET MGMT INC CL A	COMMON	112585104	340	8,250	SH		SOLE		0	0	8,250
BROWN FORMAN CORP CL B	COMMON	115637209	268	3,375	SH		SOLE		0	0	3,375
CATERPILLAR INC	COMMON	149123101	1,118	6,142	SH		SOLE		0	0	6,142
CERNER CORP	COMMON	156782104	9,245	117,807	SH		SOLE		0	0	117,807
CHARLES SCHWAB CORP NEW	COMMON	808513105	423	7,979	SH		SOLE		0	0	7,979
CHARTER COMMUNICATIONS INC NEW	COMMON	16119P108	25,073	37,901	SH		SOLE		1,475	0	36,426
CHEVRON CORP NEW	COMMON	166764100	35,002	414,469	SH		SOLE		32,300	0	382,169
CHINA EVERBRIGHT INTL LTD ORD	COMMON	Y14226107	43	76,000	SH		SOLE		0	0	76,000
CHUBB LIMITED	COMMON	H1467J104	37,379	242,845	SH		SOLE		29,400	0	213,445
CISCO SYSTEMS INC	COMMON	17275R102	20,950	468,155	SH		SOLE		0	0	468,155
CITIGROUP INC NEW	COMMON	172967424	46,625	756,170	SH		SOLE		10,000	0	746,170
COCA-COLA CO	COMMON	191216100	50,229	915,921	SH		SOLE		39,665	0	876,256
COGNIZANT TECHNOLOGY SOLUTIONS	COMMON	192446102	393	4,800	SH		SOLE		0	0	4,800
COLGATE PALMOLIVE CO	COMMON	194162103	2,032	23,763	SH		SOLE		0	0	23,763
COMCAST CORP NEW CL A	COMMON	20030N101	12,620	240,838	SH		SOLE		0	0	240,838
CONSOLIDATED EDISON INC	COMMON	209115104	333	4,615	SH		SOLE		0	0	4,615
CONSTELLATION BRANDS INC CL A	COMMON	21036P108	78,447	358,125	SH		SOLE		35,560	0	322,565
CORE LABORATORIES	COMMON	N22717107	17,691	667,322	SH		SOLE		0	0	667,322
COSTCO WHOLESALE CORP NEW	COMMON	22160K105	1,851	4,914	SH		SOLE		0	0	4,914
CSX CORP	COMMON	126408103	313	3,446	SH		SOLE		0	0	3,446
CVS HEALTH CORP	COMMON	126650100	37,212	544,824	SH		SOLE		64,545	0	480,279
DANAHER CORP	COMMON	235851102	110,121	495,729	SH		SOLE		54,372	0	441,357
DEERE & CO	COMMON	244199105	208	775	SH		SOLE		0	0	775
DELTA AIR LINES INC NEW	COMMON	247361702	84,425	2,099,604	SH		SOLE		156,017	0	1,943,587
DIAGEO P L C SPON ADR NEW	COMMON	25243Q205	72,762	458,170	SH		SOLE		24,583	0	433,587
DISCOVERY INC SER A	COMMON	25470F104	881	29,277	SH		SOLE		0	0	29,277
DISCOVERY INC SER C	COMMON	25470F302	35,840	1,368,465	SH		SOLE		165,794	0	1,202,671
DOMINION ENERGY INC	COMMON	25746U109	280	3,725	SH		SOLE		0	0	3,725
DOW INC	COMMON	260557103	203	3,649	SH		SOLE		0	0	3,649
DUKE ENERGY CORP NEW	COMMON	26441C204	372	4,067	SH		SOLE		0	0	4,067
DUPONT DE NEMOURS INC	COMMON	26614N102	230	3,229	SH		SOLE		0	0	3,229
ECOLAB INC	COMMON	278865100	10,141	46,871	SH		SOLE		1,400	0	45,471
ELANCO ANIMAL HEALTH INC	COMMON	28414H103	40,027	1,305,079	SH		SOLE		158,475	0	1,146,604
ELECTRONIC ARTS INC	COMMON	285512109	37,410	260,518	SH		SOLE		11,320	0	249,198
EMERSON ELECTRIC CO	COMMON	291011104	599	7,454	SH		SOLE		0	0	7,454
ENTERPRISE PRODUCTS PARTNERS L	COMMON	293792107	340	17,373	SH		SOLE		0	0	17,373
EOG RESOURCES INC	COMMON	26875P101	38,844	778,908	SH		SOLE		67,000	0	711,908
EQUINIX INC	COMMON	29444U700	98,339	137,695	SH		SOLE		11,475	0	126,220
EXPEDITORS INTL INC	COMMON	302130109	14,168	148,965	SH		SOLE		0	0	148,965
EXXON MOBIL CORP	COMMON	30231G102	1,510	36,625	SH		SOLE		0	0	36,625
FACEBOOK INC CL A	COMMON	30303M102	64,977	237,873	SH		SOLE		18,777	0	219,096
FEDEX CORP	COMMON	31428X106	2,454	9,451	SH		SOLE		0	0	9,451
FERRARI N V	COMMON	N3167Y103	1,613	7,028	SH		SOLE		0	0	7,028
FIRST REPUBLIC BANK	COMMON	33616C100	127,026	864,533	SH		SOLE		68,883	0	795,650
FLEETCOR TECHNOLOGIES INC	COMMON	339041105	36,583	134,088	SH		SOLE		7,910	0	126,178
FOCUS FINANCIAL PARTNERS INC C	COMMON	34417P100	312	7,163	SH		SOLE		0	0	7,163
FORD MOTOR CO	COMMON	345370860	32,062	3,647,521	SH		SOLE		0	0	3,647,521
FORTIVE CORP	COMMON	34959J108	37,184	525,053	SH		SOLE		77,025	0	448,028
FORTUNE BRANDS HOME & SECURITY	COMMON	34964C106	74,656	870,928	SH		SOLE		28,329	0	842,599
FULTON FINANCIAL CORP	COMMON	360271100	152	11,980	SH		SOLE		0	0	11,980
GENERAL ELECTRIC CO	COMMON	369604103	1,054	97,592	SH		SOLE		0	0	97,592
GENERAL MILLS INC	COMMON	370334104	7,435	126,447	SH		SOLE		0	0	126,447
GENERAL MOTORS CO	COMMON	37045V100	118,154	2,837,518	SH		SOLE		179,613	0	2,657,905
GILEAD SCIENCES INC	COMMON	375558103	264	4,524	SH		SOLE		0	0	4,524
GLAXOSMITHKLINE PLC SPONSORED	COMMON	37733W105	42,933	1,166,660	SH		SOLE		134,690	0	1,031,970
GODADDY INC CL A	COMMON	380237107	69,628	839,397	SH		SOLE		77,550	0	761,847
HARTCOURT COMPANIES INC NEW	COMMON	416187201	0	10,000	SH		SOLE		0	0	10,000
HERSHEY CO	COMMON	427866108	279	1,831	SH		SOLE		0	0	1,831
HOME DEPOT INC	COMMON	437076102	11,216	42,226	SH		SOLE		2,600	0	39,626
HONEYWELL INTERNATIONAL INC	COMMON	438516106	69,295	325,789	SH		SOLE		37,948	0	287,841
HUBBELL INC	COMMON	443510607	311	1,985	SH		SOLE		0	0	1,985
IHEARTMEDIA INC CL A	COMMON	45174J509	14,523	1,118,905	SH		SOLE		0	0	1,118,905
ILLINOIS TOOL WORKS INC	COMMON	452308109	17,859	87,596	SH		SOLE		500	0	87,096
ILLUMINA INC	COMMON	452327109	125,283	338,602	SH		SOLE		29,725	0	308,877
INGERSOLL-RAND PLC SHS	COMMON	45687V106	40,509	889,140	SH		SOLE		131,595	0	757,545
INTEL CORP	COMMON	458140100	7,633	153,213	SH		SOLE		7,000	0	146,213
INTERNATIONAL BUSINESS MACHINE	COMMON	459200101	44,498	353,496	SH		SOLE		36,478	0	317,018
INTERNATIONAL FLAVORS & FRAGRA	COMMON	459506101	31,795	292,130	SH		SOLE		14,300	0	277,830
INTUIT INC	COMMON	461202103	208	547	SH		SOLE		0	0	547
INTUITIVE SURGICAL INC NEW	COMMON	46120E602	5,948	7,270	SH		SOLE		2,500	0	4,770
ISTAR INC	COMMON	45031U101	1,486	100,100	SH		SOLE		0	0	100,100
JOHNSON & JOHNSON	COMMON	478160104	30,690	195,008	SH		SOLE		5,900	0	189,108
JPMORGAN CHASE & CO	COMMON	46625H100	118,641	933,667	SH		SOLE		67,653	0	866,014
KANSAS CITY SOUTHERN NEW	COMMON	485170302	32,236	157,919	SH		SOLE		2,675	0	155,244
KIMBERLY CLARK CORP	COMMON	494368103	361	2,681	SH		SOLE		0	0	2,681
KIMCO REALTY CORP	COMMON	49446R109	20,748	1,382,278	SH		SOLE		250	0	1,382,028
KKR & CO INC CL A	COMMON	48251W104	551	13,600	SH		SOLE		0	0	13,600
L BRANDS INC	COMMON	501797104	6,910	185,797	SH		SOLE		2,500	0	183,297
LAMAR ADVERTISING CO NEW CL A	COMMON	512816109	1,468	17,640	SH		SOLE		0	0	17,640
LAUDER ESTEE COS INC CL A	COMMON	518439104	17,195	64,598	SH		SOLE		5,850	0	58,748
LILLY ELI & CO	COMMON	532457108	789	4,675	SH		SOLE		0	0	4,675
LINDE PLC	COMMON	G5494J103	333	1,262	SH		SOLE		0	0	1,262
LOCKHEED MARTIN CORP	COMMON	539830109	271	762	SH		SOLE		0	0	762
LOWE'S COMPANIES INC	COMMON	548661107	92,509	576,345	SH		SOLE		43,690	0	532,655
MACYS INC	COMMON	55616P104	36,998	3,288,670	SH		SOLE		50,000	0	3,238,670
MARATHON PETROLEUM CORP	COMMON	56585A102	21,050	508,951	SH		SOLE		1,000	0	507,951
MARSH & MCLENNAN COS INC	COMMON	571748102	763	6,520	SH		SOLE		0	0	6,520
MARTIN MARIETTA MATERIALS INC	COMMON	573284106	14,118	49,716	SH		SOLE		820	0	48,896
MASCO CORP	COMMON	574599106	12,277	223,509	SH		SOLE		17,900	0	205,609
MASTERCARD INCORPORATED CL A	COMMON	57636Q104	106,282	297,757	SH		SOLE		28,373	0	269,384
MATCH GROUP INC NEW	COMMON	57667L107	218	1,441	SH		SOLE		0	0	1,441
MAXAR TECHNOLOGIES LTD	COMMON	57778K105	98,282	2,546,837	SH		SOLE		173,604	0	2,373,233
MCCORMICK & CO INC	COMMON	579780206	1,284	13,435	SH		SOLE		0	0	13,435
MCDONALDS CORP	COMMON	580135101	754	3,516	SH		SOLE		0	0	3,516
MEDTRONIC PLC SHS	COMMON	G5960L103	434	3,709	SH		SOLE		0	0	3,709
MERCK & COMPANY INC	COMMON	58933Y105	37,917	463,535	SH		SOLE		14,140	0	449,395
METLIFE INC	COMMON	59156R108	803	17,104	SH		SOLE		0	0	17,104
MICROCHIP TECHNOLOGY INC	COMMON	595017104	639	4,626	SH		SOLE		0	0	4,626
MICROSOFT CORP	COMMON	594918104	147,995	665,385	SH		SOLE		61,914	0	603,471
MONDELEZ INTL INC CL A	COMMON	609207105	708	12,109	SH		SOLE		0	0	12,109
MONSTER BEVERAGE CORP NEW	COMMON	61174X109	248	2,680	SH		SOLE		0	0	2,680
MORGAN STANLEY NEW	COMMON	617446448	80,920	1,180,800	SH		SOLE		96,300	0	1,084,500
MOTOROLA SOLUTIONS INC NEW	COMMON	620076307	204	1,200	SH		SOLE		0	0	1,200
NESTLE SA SPONSORED ADR	COMMON	641069406	73,808	625,765	SH		SOLE		31,537	0	594,228
NETFLIX INC	COMMON	64110L106	372	688	SH		SOLE		0	0	688
NEXTERA ENERGY INC	COMMON	65339F101	368	4,773	SH		SOLE		0	0	4,773
NICE LTD SPONSORED ADR	COMMON	653656108	227	800	SH		SOLE		0	0	800
NIKE INC CL B	COMMON	654106103	826	5,841	SH		SOLE		0	0	5,841
NORDSTROM INC	COMMON	655664100	49,460	1,584,747	SH		SOLE		0	0	1,584,747
NOVARTIS A G SPONSORED ADR	COMMON	66987V109	59,827	633,554	SH		SOLE		62,565	0	570,989
NOVO-NORDISK A S ADR	COMMON	670100205	273	3,904	SH		SOLE		0	0	3,904
NVIDIA CORP	COMMON	67066G104	113,299	216,965	SH		SOLE		24,904	0	192,061
ORACLE CORP	COMMON	68389X105	81,455	1,259,159	SH		SOLE		68,675	0	1,190,484
OTIS WORLDWIDE CORP	COMMON	68902V107	211	3,118	SH		SOLE		0	0	3,118
PAYCHEX INC	COMMON	704326107	327	3,504	SH		SOLE		0	0	3,504
PAYPAL HOLDINGS INC	COMMON	70450Y103	116,442	497,190	SH		SOLE		17,047	0	480,143
PEPSICO INC	COMMON	713448108	20,135	135,772	SH		SOLE		600	0	135,172
PFIZER INC	COMMON	717081103	1,877	51,003	SH		SOLE		0	0	51,003
PHILIP MORRIS INTERNATIONAL IN	COMMON	718172109	467	5,637	SH		SOLE		0	0	5,637
PIONEER NATURAL RESOURCES CO	COMMON	723787107	33,239	291,853	SH		SOLE		7,350	0	284,503
PNC FINANCIAL SERVICES GROUP I	COMMON	693475105	261	1,748	SH		SOLE		0	0	1,748
PROCTER AND GAMBLE CO	COMMON	742718109	3,824	27,480	SH		SOLE		0	0	27,480
PROGRESSIVE CORP OHIO	COMMON	743315103	208	2,104	SH		SOLE		0	0	2,104
PROLOGIS INC	COMMON	74340W103	494	4,958	SH		SOLE		0	0	4,958
PRUDENTIAL FINANCIAL INC	COMMON	744320102	86,443	1,107,252	SH		SOLE		87,569	0	1,019,683
QUALCOMM INC	COMMON	747525103	213,644	1,402,417	SH		SOLE		117,829	0	1,284,588
QUANTUM MATERIALS CORP	COMMON	74766A106	1	22,000	SH		SOLE		0	0	22,000
RAYTHEON TECHNOLOGIES CORP	COMMON	75513E101	807	11,290	SH		SOLE		0	0	11,290
REINSURANCE GROUP AMERICA INC	COMMON	759351604	52,386	451,997	SH		SOLE		37,975	0	414,022
ROPER TECHNOLOGIES INC	COMMON	776696106	27,589	63,998	SH		SOLE		8,775	0	55,223
ROYAL DUTCH SHELL PLC SPON ADR	COMMON	780259107	40,694	1,210,759	SH		SOLE		103,700	0	1,107,059
SCHLUMBERGER LTD	COMMON	806857108	25,652	1,175,061	SH		SOLE		114,800	0	1,060,261
SHOPIFY INC CL A	COMMON	82509L107	257	227	SH		SOLE		0	0	227
SIMON PROPERTY GROUP INC NEW	COMMON	828806109	17,502	205,231	SH		SOLE		25,000	0	180,231
SMUCKER J M CO NEW	COMMON	832696405	19,254	166,557	SH		SOLE		0	0	166,557
SOLUCORP INDUSTRIES LTD	COMMON	83437C102	0	17,000	SH		SOLE		0	0	17,000
SOUTHWEST AIRLINES CO	COMMON	844741108	4,504	96,625	SH		SOLE		1,200	0	95,425
SS&C TECHNOLOGIES HOLDINGS INC	COMMON	78467J100	73,926	1,016,164	SH		SOLE		99,812	0	916,352
STANLEY BLACK & DECKER INC	COMMON	854502101	45,870	256,889	SH		SOLE		28,010	0	228,879
STARBUCKS CORP	COMMON	855244109	2,464	23,032	SH		SOLE		0	0	23,032
STRATASYS LTD SHS	COMMON	M85548101	25,042	1,208,571	SH		SOLE		0	0	1,208,571
STRYKER CORP	COMMON	863667101	493	2,012	SH		SOLE		0	0	2,012
SVB FINANCIAL GROUP	COMMON	78486Q101	44,240	114,070	SH		SOLE		15,432	0	98,638
SYNCHRONY FINANCIAL	COMMON	87165B103	24,021	692,037	SH		SOLE		100,075	0	591,962
TARGET CORP	COMMON	87612E106	523	2,962	SH		SOLE		0	0	2,962
TEXAS INSTRUMENTS INC	COMMON	882508104	312	1,900	SH		SOLE		0	0	1,900
THERMO FISHER SCIENTIFIC INC	COMMON	883556102	123,173	264,444	SH		SOLE		21,134	0	243,310
TJX COS INC NEW	COMMON	872540109	254	3,719	SH		SOLE		0	0	3,719
TRANSDIGM GROUP INC	COMMON	893641100	3,924	6,341	SH		SOLE		700	0	5,641
TRAVELERS COMPANIES INC	COMMON	89417E109	209	1,490	SH		SOLE		0	0	1,490
TRUIST FINANCIAL CORP	COMMON	89832Q109	64,843	1,352,873	SH		SOLE		44,116	0	1,308,757
UBER TECHNOLOGIES INC	COMMON	90353T100	48,681	954,534	SH		SOLE		128,015	0	826,519
ULTA BEAUTY INC	COMMON	90384S303	34,125	118,837	SH		SOLE		13,610	0	105,227
UNILEVER PLC SPON ADR NEW	COMMON	904767704	2,176	36,050	SH		SOLE		0	0	36,050
UNION PACIFIC CORP	COMMON	907818108	1,017	4,886	SH		SOLE		0	0	4,886
UNITED AIRLINES HOLDINGS INC	COMMON	910047109	17,758	410,598	SH		SOLE		0	0	410,598
UNITED PARCEL SERVICE INC CL B	COMMON	911312106	720	4,275	SH		SOLE		0	0	4,275
UNITED RENTALS INC	COMMON	911363109	8,434	36,369	SH		SOLE		0	0	36,369
UNITEDHEALTH GROUP INC	COMMON	91324P102	34,117	97,287	SH		SOLE		13,625	0	83,662
US BANCORP NEW	COMMON	902973304	78,510	1,685,122	SH		SOLE		70,735	0	1,614,387
V F CORP	COMMON	918204108	395	4,625	SH		SOLE		0	0	4,625
VALERO ENERGY CORP NEW	COMMON	91913Y100	3,974	70,243	SH		SOLE		0	0	70,243
VERISIGN INC	COMMON	92343E102	13,394	61,896	SH		SOLE		3,825	0	58,071
VERISK ANALYTICS INC	COMMON	92345Y106	3,603	17,357	SH		SOLE		0	0	17,357
VERIZON COMMUNICATIONS INC	COMMON	92343V104	2,426	41,294	SH		SOLE		0	0	41,294
VISA INC CL A	COMMON	92826C839	116,624	533,185	SH		SOLE		46,289	0	486,896
VONTIER CORPORATION	COMMON	928881101	408	12,223	SH		SOLE		6,320	0	5,903
VULCAN MATERIALS CO	COMMON	929160109	29,577	199,424	SH		SOLE		31,260	0	168,164
WALMART INC	COMMON	931142103	1,829	12,687	SH		SOLE		0	0	12,687
WALT DISNEY CO	COMMON	254687106	90,541	499,731	SH		SOLE		46,700	0	453,031
WASTE MANAGEMENT INC	COMMON	94106L109	487	4,131	SH		SOLE		0	0	4,131
WELLS FARGO CO NEW	COMMON	949746101	361	11,946	SH		SOLE		0	0	11,946
XPO LOGISTICS INC	COMMON	983793100	98,192	823,761	SH		SOLE		69,520	0	754,241
YUM BRANDS INC	COMMON	988498101	432	3,976	SH		SOLE		0	0	3,976
ZIMMER BIOMET HOLDINGS INC	COMMON	98956P102	70,663	458,583	SH		SOLE		45,505	0	413,078
ZIONS BANCORPORATION N A	COMMON	989701107	3,120	71,825	SH		SOLE		0	0	71,825
ZOETIS INC CL A	COMMON	98978V103	5,377	32,490	SH		SOLE		1,400	0	31,090