Capital Investment Services of America 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
SPDR BARCLAYS CAP ETF SHORT TE	ETF	78464a474	3,299	107,175	SH		SOLE		107,175	0	0
VANGUARD MUNI TAX-EXEMPT BOND	ETF	922907746	2,435	46,200	SH		SOLE		46,200	0	0
VANGUARD SHORT TERM CORPBOND E	ETF	92206C409	28,745	355,580	SH		SOLE		355,580	0	0
VANGUARD SHORT-TERM TIPS	ETF	922020805	371	7,500	SH		SOLE		7,500	0	0
VANGUARD TOTAL BOND MARKET	ETF	921937835	14,045	166,611	SH		SOLE		166,611	0	0
iSHARES 1-3 YR	ETF	464288646	14,885	140,310	SH		SOLE		140,310	0	0
iSHARES FLOATING RATE BOND ETF	ETF	46429B655	17,308	341,929	SH		SOLE		341,929	0	0
iSHARES TR S&P MUNI FUND	ETF	464288158	399	3,750	SH		SOLE		3,750	0	0
iSHARES TRUST S&P NATL AMT FRE	ETF	464288414	9,194	80,704	SH		SOLE		80,704	0	0
3M COMPANY	COM	88579y101	219	1,250	SH		SOLE		1,250	0	0
ABBVIE INC	COM	00287y109	219	3,536	SH		SOLE		3,536	0	0
ADOBE SYSTEMS INC	COM	00724F101	15,345	160,192	SH		SOLE		160,192	0	0
ALLEGIANT TRAVEL COMPANY	COM	01748x102	7,330	48,381	SH		SOLE		48,381	0	0
ALPHABET INC CLASS A	COM	02079K305	6,085	8,649	SH		SOLE		8,649	0	0
ALPHABET INC CLASS C	COM	02079k107	9,042	13,065	SH		SOLE		13,065	0	0
AMETEK INC NEW	COM	031100100	10,656	230,504	SH		SOLE		230,504	0	0
ANSYS INC	COM	03662Q105	12,754	140,534	SH		SOLE		140,534	0	0
APPLE INC	COM	037833100	207	2,170	SH		SOLE		2,170	0	0
AUTO DATA PROCESSING	COM	053015103	1,502	16,348	SH		SOLE		16,348	0	0
BALCHEM CORP	COM	057665200	8,568	143,632	SH		SOLE		143,632	0	0
BB&T CORP	COM	054937107	10,658	299,291	SH		SOLE		299,291	0	0
BERKSHIRE HATHAWAY B NEW CLASS	COM	084670702	434	3,000	SH		SOLE		3,000	0	0
CDK GLOBAL INC	COM	12508e101	405	7,302	SH		SOLE		7,302	0	0
CERNER CORP	COM	156782104	12,284	209,620	SH		SOLE		209,620	0	0
CHURCH & DWIGHT COMPAN	COM	171340102	11,196	108,813	SH		SOLE		108,813	0	0
DANAHER CORP	COM	235851102	18,035	178,563	SH		SOLE		178,563	0	0
EBAY INC	COM	278642103	5,734	244,935	SH		SOLE		244,935	0	0
ECOLAB INC	COM	278865100	14,839	125,116	SH		SOLE		125,116	0	0
EXXON MOBIL CORPORATION	COM	30231g102	482	5,141	SH		SOLE		5,141	0	0
FACTSET RESEARCH SYS INC	COM	303075105	8,727	54,061	SH		SOLE		54,061	0	0
FASTENAL COMPANY	COM	311900104	9,851	221,918	SH		SOLE		221,918	0	0
FISERV INC	COM	337738108	17,021	156,540	SH		SOLE		156,540	0	0
FLEETCOR TECHNOLOGIES, INC.	COM	339041105	6,845	47,827	SH		SOLE		47,827	0	0
GENERAL ELECTRIC COMPANY	COM	369604103	478	15,175	SH		SOLE		15,175	0	0
IDEXX LABORATORIES INC	COM	45168D104	11,697	125,965	SH		SOLE		125,965	0	0
ILLINOIS TOOL WORKS INC	COM	452308109	15,371	147,569	SH		SOLE		147,569	0	0
JOHNSON & JOHNSON	COM	478160104	1,480	12,204	SH		SOLE		12,204	0	0
LKQ CORPORATION	COM	501889208	9,496	299,545	SH		SOLE		299,545	0	0
MICROSOFT CORP	COM	594918104	12,356	241,468	SH		SOLE		241,468	0	0
MOHAWK INDUSTRIES INC	COM	608190104	5,699	30,035	SH		SOLE		30,035	0	0
ORACLE CORP	COM	68389X105	12,932	315,959	SH		SOLE		315,959	0	0
PAYPAL HOLDINGS INC	COM	70450y103	8,097	221,765	SH		SOLE		221,765	0	0
PEPSICO INCORPORATED	COM	713448108	561	5,300	SH		SOLE		5,300	0	0
PFIZER INCORPORATED	COM	717081103	429	12,172	SH		SOLE		12,172	0	0
POLARIS INDUSTRIES INC	COM	731068102	6,563	80,269	SH		SOLE		80,269	0	0
PRIVATEBANCORP INC	COM	742962103	17,093	388,223	SH		SOLE		388,223	0	0
PROCTER & GAMBLE	COM	742718109	584	6,900	SH		SOLE		6,900	0	0
PROTO LABS INC.	COM	743713109	9,947	172,807	SH		SOLE		172,807	0	0
PTC INC.	COM	69370c100	9,578	254,872	SH		SOLE		254,872	0	0
QUALCOMM INC	COM	747525103	6,892	128,650	SH		SOLE		128,650	0	0
RESMED INC	COM	761152107	14,325	226,556	SH		SOLE		226,556	0	0
ROPER TECHNOLOGIES	COM	776696106	10,266	60,188	SH		SOLE		60,188	0	0
SCHLUMBERGER LTD F	COM	806857108	599	7,575	SH		SOLE		7,575	0	0
SMITH A O	COM	831865209	7,058	80,101	SH		SOLE		80,101	0	0
STARBUCKS CORP	COM	855244109	13,417	234,886	SH		SOLE		234,886	0	0
STERICYCLE INC	COM	858912108	10,369	99,588	SH		SOLE		99,588	0	0
STRYKER CORP	COM	863667101	11,848	98,875	SH		SOLE		98,875	0	0
TJX COMPANIES INC	COM	872540109	13,862	179,493	SH		SOLE		179,493	0	0
TORCHMARK CORP	COM	891027104	214	3,455	SH		SOLE		3,455	0	0
TRACTOR SUPPLY CO	COM	892356106	11,676	128,057	SH		SOLE		128,057	0	0
UNION PACIFIC CORP	COM	907818108	9,953	114,077	SH		SOLE		114,077	0	0
US BANCORP	COM	902973304	1,430	35,460	SH		SOLE		35,460	0	0
VERIFONE HOLDINGS INC	COM	92342y109	4,775	257,565	SH		SOLE		257,565	0	0
WABTEC	COM	929740108	5,942	84,605	SH		SOLE		84,605	0	0
WALGREENS BOOTS ALLIANCE	COM	931427108	956	11,476	SH		SOLE		11,476	0	0