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
ISHARES 3-7 YEAR TREASURY BOND	ETF	464288661	7,120	55,335	SH		SOLE		55,335	0	0
ISHARES INTERMEDIATE GOVCREDIT	ETF	464288612	2,590	22,765	SH		SOLE		22,765	0	0
ISHARES LEHMAN 1-3 YR TREAS BO	ETF	464287457	30,936	361,654	SH		SOLE		361,654	0	0
ISHARES NATIONAL MUNI	ETF	464288414	8,634	74,254	SH		SOLE		74,254	0	0
ISHARES TR FLTG RATE NT ETF	ETF	46429B655	2,827	55,725	SH		SOLE		55,725	0	0
ISHARES TR S&P MUNI FUND	ETF	464288158	564	5,250	SH		SOLE		5,250	0	0
ISHARES TR SHORT-TERM CORP BD	ETF	464288646	10,604	196,814	SH		SOLE		196,814	0	0
ISHARES TRUST SHORT TREAS BOND	ETF	464288679	243	2,200	SH		SOLE		2,200	0	0
SPDR SHORT-TERM CORP BOND	ETF	78464a474	2,347	75,777	SH		SOLE		75,777	0	0
VANGUARD INTER-TERM TREASURY I	ETF	92206c706	8,278	124,537	SH		SOLE		124,537	0	0
VANGUARD INTERMEDIATE BOND	ETF	921937819	3,419	39,025	SH		SOLE		39,025	0	0
VANGUARD SHORT TERM GOVT TREAS	ETF	92206c102	2,185	35,916	SH		SOLE		35,916	0	0
VANGUARD SHORT-TERM CORPORATE	ETF	92206C409	52,305	643,675	SH		SOLE		643,675	0	0
VANGUARD SHORT-TERM TIPS	ETF	922020805	385	7,500	SH		SOLE		7,500	0	0
VANGUARD TAX-EXEMPT BOND INDEX	ETF	922907746	5,928	107,955	SH		SOLE		107,955	0	0
VANGUARD TOTAL BOND MKT	ETF	921937835	8,503	100,327	SH		SOLE		100,327	0	0
VANGUARD ULTRA SHORT BOND ETF	ETF	92203c303	15,338	307,073	SH		SOLE		307,073	0	0
ISHARES TRUST S&P 500 S&P 500	ETF	464287200	212	444	SH		SOLE		444	0	0
VANECK VECTORS MORNINGSTAR WID	ETF	92189F643	278	3,650	SH		SOLE		3,650	0	0
VANGUARD S&P 500 ETF NEW	ETF	922908363	552	1,264	SH		SOLE		1,264	0	0
ABBOTT LABORATORIES	COM	002824100	615	4,373	SH		SOLE		4,373	0	0
ABBVIE INC	COM	00287y109	468	3,453	SH		SOLE		3,453	0	0
ADOBE INC	COM	00724F101	37,676	66,441	SH		SOLE		66,441	0	0
ALCON INC.	COM	h01301128	19,293	221,451	SH		SOLE		221,451	0	0
ALLEGIANT TRAVEL CO	COM	01748X102	16,875	90,220	SH		SOLE		90,220	0	0
ALPHABET INC CL A	COM	02079K305	10,163	3,508	SH		SOLE		3,508	0	0
ALPHABET INC CL C	COM	02079K107	33,299	11,508	SH		SOLE		11,508	0	0
AMAZON.COM INC	COM	023135106	23,577	7,071	SH		SOLE		7,071	0	0
AMETEK AEROSPACE PRODUCTS	COM	031100100	3,778	25,695	SH		SOLE		25,695	0	0
AMGEN INC	COM	031162100	257	1,142	SH		SOLE		1,142	0	0
ANSYS INC	COM	03662Q105	30,722	76,591	SH		SOLE		76,591	0	0
APPLE INC	COM	037833100	1,638	9,223	SH	��	SOLE		9,223	0	0
AUTOMATIC DATA PROCESSING INC	COM	053015103	1,996	8,094	SH		SOLE		8,094	0	0
AVALARA INC	COM	05338g106	6,389	49,483	SH		SOLE		49,483	0	0
BERKSHIRE HATHAWAYINC DEL CL	COM	084670702	635	2,125	SH		SOLE		2,125	0	0
BOOKING HOLDINGS INC COM	COM	09857L108	18,013	7,508	SH		SOLE		7,508	0	0
BROADCOM INC	COM	11135f101	233	350	SH		SOLE		350	0	0
CERNER CORPORATION	COM	156782104	23,170	249,484	SH		SOLE		249,484	0	0
CHURCH&DWIGHT CO INC	COM	171340102	659	6,430	SH		SOLE		6,430	0	0
COLGATE-PALMOLIVE CO	COM	194162103	212	2,485	SH		SOLE		2,485	0	0
COSTCO WHOLESALE CORP	COM	22160k105	227	400	SH		SOLE		400	0	0
DANAHER CORP	COM	235851102	48,877	148,558	SH		SOLE		148,558	0	0
DISNEY WALT CO	COM	254687106	337	2,176	SH		SOLE		2,176	0	0
ECOLAB INCORPORATED	COM	278865100	28,069	119,651	SH		SOLE		119,651	0	0
EDWARDS LIFESCIENCES CORP	COM	28176e108	278	2,148	SH		SOLE		2,148	0	0
FACTSET RESEARCH SYSTEMS INC	COM	303075105	1,652	3,400	SH		SOLE		3,400	0	0
FASTENAL COMPANY	COM	311900104	22,572	352,363	SH		SOLE		352,363	0	0
FISERV INCORPORATED	COM	337738108	29,200	281,338	SH		SOLE		281,338	0	0
FLEETCOR TECHNOLOGIES INC	COM	339041105	17,496	78,165	SH		SOLE		78,165	0	0
FORTIVE CORP COM	COM	34959J108	24,264	318,046	SH		SOLE		318,046	0	0
HOME DEPOT INC	COM	437076102	442	1,065	SH		SOLE		1,065	0	0
IDEXX LAB INC	COM	45168d104	26,760	40,640	SH		SOLE		40,640	0	0
ILLINOIS TOOL WORKS INC	COM	452308109	29,032	117,635	SH		SOLE		117,635	0	0
ILLUMINA INC	COM	452327109	20,120	52,885	SH		SOLE		52,885	0	0
JOHNSON & JOHNSON	COM	478160104	1,507	8,808	SH		SOLE		8,808	0	0
JPMORGAN CHASE & CO	COM	46625h100	238	1,501	SH		SOLE		1,501	0	0
MASTERCARD INC	COM	57636q104	284	790	SH		SOLE		790	0	0
MC DONALDS CORP	COM	580135101	297	1,107	SH		SOLE		1,107	0	0
MERCK & CO INC NEW	COM	589331107	204	2,668	SH		SOLE		2,668	0	0
MICROSOFT CORP	COM	594918104	52,008	154,639	SH		SOLE		154,639	0	0
NVIDIA CORP	COM	67066g104	30,684	104,328	SH		SOLE		104,328	0	0
ORACLE CORP	COM	68389X105	27,800	318,772	SH		SOLE		318,772	0	0
PAYCHEX INC	COM	704326107	218	1,600	SH		SOLE		1,600	0	0
PAYPAL HOLDINGS INC	COM	70450Y103	28,110	149,059	SH		SOLE		149,059	0	0
PEPSICO INCORPORATED	COM	713448108	646	3,720	SH		SOLE		3,720	0	0
PFIZER INCORPORATED	COM	717081103	249	4,219	SH		SOLE		4,219	0	0
PROCTER & GAMBLE COMPANY	COM	742718109	213	1,300	SH		SOLE		1,300	0	0
PROTO LABS INC	COM	743713109	4,285	83,440	SH		SOLE		83,440	0	0
PTC INC	COM	69370C100	26,529	218,980	SH		SOLE		218,980	0	0
QUALCOMM INC	COM	747525103	34,247	187,276	SH		SOLE		187,276	0	0
RESMED INC	COM	761152107	35,048	134,553	SH		SOLE		134,553	0	0
ROPER TECHNOLOGIES INC	COM	776696106	26,998	54,890	SH		SOLE		54,890	0	0
SERVICENOW INC	COM	81762P102	32,097	49,447	SH		SOLE		49,447	0	0
SS&C TECHNOLOGIES HOLDINGS	COM	78467J100	25,521	311,311	SH		SOLE		311,311	0	0
STARBUCKS CORP	COM	855244109	26,267	224,561	SH		SOLE		224,561	0	0
STRYKER CORP	COM	863667101	25,645	95,896	SH		SOLE		95,896	0	0
TJX COMPANIES INC	COM	872540109	27,459	361,679	SH		SOLE		361,679	0	0
TYLER TECHNOLOGIES INC	COM	902252105	31,418	58,403	SH		SOLE		58,403	0	0
UNITEDHEALTH GROUP	COM	91324p102	444	885	SH		SOLE		885	0	0
US BANCORP	COM	902973304	729	12,977	SH		SOLE		12,977	0	0
VEEVA SYSTEMS	COM	922475108	6,973	27,293	SH		SOLE		27,293	0	0
WABTEC COM	COM	929740108	14,850	161,223	SH		SOLE		161,223	0	0
WISCONSIN EGY CP HLDG CO	COM	92939u106	203	2,094	SH		SOLE		2,094	0	0
OAKMARK FUND	ETF	413838103	219	1,837	SH		SOLE		1,837	0	0