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	13,596,646	117,965	SH		SOLE		117,965	0	0
ISHARES INTERMEDIATE GOVCREDIT	ETF	464288612	2,091,957	20,330	SH		SOLE		20,330	0	0
ISHARES LEHMAN 1-3 YR TREAS BO	ETF	464287457	13,504,279	166,555	SH		SOLE		166,555	0	0
ISHARES NATIONAL MUNI	ETF	464288414	6,927,204	64,904	SH		SOLE		64,904	0	0
ISHARES TR FLTG RATE NT ETF	ETF	46429B655	1,303,533	25,650	SH		SOLE		25,650	0	0
ISHARES TR S&P MUNI FUND	ETF	464288158	494,190	4,750	SH		SOLE		4,750	0	0
ISHARES TR SHORT-TERM CORP BD	ETF	464288646	6,974,934	139,026	SH		SOLE		139,026	0	0
SPDR SHORT-TERM CORP BOND	ETF	78464a474	1,715,557	58,273	SH		SOLE		58,273	0	0
VANGUARD INTER-TERM TREASURY I	ETF	92206c706	9,782,142	166,760	SH		SOLE		166,760	0	0
VANGUARD INTERMEDIATE BOND	ETF	921937819	2,457,388	32,665	SH		SOLE		32,665	0	0
VANGUARD SHORT TERM GOVT TREAS	ETF	92206c102	9,761,854	169,095	SH		SOLE		169,095	0	0
VANGUARD SHORT TERM TAX EXEMPT	ETF	921935870	2,532,096	25,200	SH		SOLE		25,200	0	0
VANGUARD SHORT-TERM CORPORATE	ETF	92206C409	34,467,208	455,554	SH		SOLE		455,554	0	0
VANGUARD SHORT-TERM TIPS	ETF	922020805	355,650	7,500	SH		SOLE		7,500	0	0
VANGUARD TAX-EXEMPT BOND INDEX	ETF	922907746	3,613,580	71,955	SH		SOLE		71,955	0	0
VANGUARD TOTAL BOND MKT	ETF	921937835	5,996,998	82,501	SH		SOLE		82,501	0	0
VANGUARD ULTRA SHORT BOND ETF	ETF	92203c303	5,071,346	103,160	SH		SOLE		103,160	0	0
ISHARES TRUST S&P 500 S&P 500	ETF	464287200	648,954	1,456	SH		SOLE		1,456	0	0
VANGUARD S&P 500 ETF NEW	ETF	922908363	287,132	705	SH		SOLE		705	0	0
VANGUARD TOTAL STOCK MKT	ETF	922908769	255,965	1,162	SH		SOLE		1,162	0	0
ABBOTT LABORATORIES	COM	002824100	475,109	4,358	SH		SOLE		4,358	0	0
ABBVIE INC	COM	00287y109	366,061	2,717	SH		SOLE		2,717	0	0
ADOBE INC	COM	00724F101	32,872,842	67,226	SH		SOLE		67,226	0	0
ALCON INC.	COM	h01301128	1,529,217	18,624	SH		SOLE		18,624	0	0
ALLEGIANT TRAVEL CO	COM	01748X102	11,788,869	93,355	SH		SOLE		93,355	0	0
ALPHABET INC CL A	COM	02079K305	7,636,860	63,800	SH		SOLE		63,800	0	0
ALPHABET INC CL C	COM	02079K107	28,765,093	237,787	SH		SOLE		237,787	0	0
AMAZON.COM INC	COM	023135106	20,343,851	156,059	SH		SOLE		156,059	0	0
AMETEK AEROSPACE PRODUCTS	COM	031100100	4,060,598	25,084	SH		SOLE		25,084	0	0
ANSYS INC	COM	03662Q105	25,173,510	76,221	SH		SOLE		76,221	0	0
APPLE INC	COM	037833100	1,880,588	9,695	SH		SOLE		9,695	0	0
AUTOMATIC DATA PROCESSING INC	COM	053015103	1,762,496	8,019	SH		SOLE		8,019	0	0
BERKSHIRE HATHAWAYINC DEL CL	COM	084670702	807,829	2,369	SH		SOLE		2,369	0	0
BOOKING HOLDINGS INC COM	COM	09857L108	18,011,201	6,670	SH		SOLE		6,670	0	0
CHURCH&DWIGHT CO INC	COM	171340102	203,467	2,030	SH		SOLE		2,030	0	0
COSTCO WHOLESALE CORP	COM	22160k105	216,429	402	SH		SOLE		402	0	0
DANAHER CORP	COM	235851102	32,240,880	134,337	SH		SOLE		134,337	0	0
ECOLAB INCORPORATED	COM	278865100	24,063,408	128,895	SH		SOLE		128,895	0	0
FACTSET RESEARCH SYSTEMS INC	COM	303075105	797,293	1,990	SH		SOLE		1,990	0	0
FASTENAL COMPANY	COM	311900104	4,545,105	77,049	SH		SOLE		77,049	0	0
FISERV INCORPORATED	COM	337738108	34,448,916	273,079	SH		SOLE		273,079	0	0
FLEETCOR TECHNOLOGIES INC	COM	339041105	21,792,740	86,796	SH		SOLE		86,796	0	0
FORTIVE CORP COM	COM	34959J108	23,074,669	308,609	SH		SOLE		308,609	0	0
HOME DEPOT INC	COM	437076102	221,704	714	SH		SOLE		714	0	0
IDEXX LAB INC	COM	45168d104	20,800,358	41,416	SH		SOLE		41,416	0	0
ILLINOIS TOOL WORKS INC	COM	452308109	25,795,886	103,118	SH		SOLE		103,118	0	0
ILLUMINA INC	COM	452327109	9,027,081	48,147	SH		SOLE		48,147	0	0
JOHNSON & JOHNSON	COM	478160104	1,171,526	7,078	SH		SOLE		7,078	0	0
MC DONALDS CORP	COM	580135101	342,372	1,147	SH		SOLE		1,147	0	0
MICROSOFT CORP	COM	594918104	46,192,272	135,644	SH		SOLE		135,644	0	0
NVIDIA CORP	COM	67066g104	36,864,078	87,145	SH		SOLE		87,145	0	0
ORACLE CORP	COM	68389X105	31,919,812	268,031	SH		SOLE		268,031	0	0
PAYPAL HOLDINGS INC	COM	70450Y103	14,481,878	217,022	SH		SOLE		217,022	0	0
PEPSICO INCORPORATED	COM	713448108	705,318	3,808	SH		SOLE		3,808	0	0
PTC INC	COM	69370C100	30,620,968	215,186	SH		SOLE		215,186	0	0
QUALCOMM INC	COM	747525103	21,720,038	182,460	SH		SOLE		182,460	0	0
RESMED INC	COM	761152107	25,433,618	116,401	SH		SOLE		116,401	0	0
ROPER TECHNOLOGIES INC	COM	776696106	24,698,696	51,370	SH		SOLE		51,370	0	0
SERVICENOW INC	COM	81762P102	26,703,128	47,517	SH		SOLE		47,517	0	0
SNOWFLAKE INC	COM	833445109	11,671,170	66,321	SH		SOLE		66,321	0	0
SOLAREDGE TECHNOLOGIES, INC.	COM	83417m104	14,630,939	54,380	SH		SOLE		54,380	0	0
SS&C TECHNOLOGIES HOLDINGS	COM	78467J100	19,129,602	315,670	SH		SOLE		315,670	0	0
STARBUCKS CORP	COM	855244109	20,814,340	210,119	SH		SOLE		210,119	0	0
STRYKER CORP	COM	863667101	25,882,920	84,837	SH		SOLE		84,837	0	0
TJX COMPANIES INC	COM	872540109	19,812,795	233,669	SH		SOLE		233,669	0	0
TYLER TECHNOLOGIES INC	COM	902252105	24,595,052	59,056	SH		SOLE		59,056	0	0
UNITEDHEALTH GROUP	COM	91324p102	370,093	770	SH		SOLE		770	0	0
VEEVA SYSTEMS	COM	922475108	11,412,976	57,720	SH		SOLE		57,720	0	0
WABTEC COM	COM	929740108	16,738,839	152,629	SH		SOLE		152,629	0	0
WISCONSIN EGY CP HLDG CO	COM	92939u106	245,837	2,786	SH		SOLE		2,786	0	0
ZEBRA TECHNOLOGIES CORP CL A	COM	989207105	15,605,920	52,753	SH		SOLE		52,753	0	0