| 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 |
| AT&T Inc. (T) | COM | 00206R102 | 2,020,000 | 57,600 | SH | | SOLE | | 0 | 0 | 57,600 |
| Activision Blizzard (ATVI) | COM | 00507V109 | 8,472,000 | 414,500 | SH | | SOLE | | 149,000 | 0 | 265,500 |
| Altera Corporation (ALTR) | COM | 021441100 | 9,827,000 | 271,200 | SH | | SOLE | | 112,500 | 0 | 158,700 |
| American Waterworks (AWK) | COM | 030420103 | 7,271,000 | 160,150 | SH | | SOLE | | 63,400 | 0 | 96,750 |
| Ameriprise Financial Inc. (AMP) | COM | 03076C106 | 13,473,000 | 122,400 | SH | | SOLE | | 43,400 | 0 | 79,000 |
| Anadarko Petroleum Corp. (APC) | COM | 032511107 | 11,371,000 | 134,150 | SH | | SOLE | | 47,050 | 0 | 87,100 |
| Apple Computer Inc. (AAPL) | COM | 037833100 | 30,975,000 | 57,710 | SH | | SOLE | | 25,700 | 0 | 32,010 |
| AutoZone Inc. (AZO) | COM | 053332102 | 13,428,000 | 25,000 | SH | | SOLE | | 9,800 | 0 | 15,200 |
| BE Aerospace (BEAV) | COM | 073302101 | 9,130,000 | 105,200 | SH | | SOLE | | 40,850 | 0 | 64,350 |
| Berkshire Hathaway Inc. (BRK/B) | COM | 084670702 | 8,785,000 | 70,300 | SH | | SOLE | | 25,400 | 0 | 44,900 |
| Biogen Idec Inc. (BIIB) | COM | 09062X103 | 16,028,000 | 52,400 | SH | | SOLE | | 21,250 | 0 | 31,150 |
| Blackstone Group LP (BX) | COM UNIT LTD | 09253U108 | 7,674,000 | 230,800 | SH | | SOLE | | 80,700 | 0 | 150,100 |
| Borg Warner (BWA) | COM | 099724106 | 11,181,000 | 181,900 | SH | | SOLE | | 71,700 | 0 | 110,200 |
| Bristol-Myers Squibb Co. (BMY) | COM | 110122108 | 1,091,000 | 21,000 | SH | | SOLE | | 21,000 | 0 | 0 |
| CBS Corp (CBS) | COM | 124857202 | 11,275,000 | 182,450 | SH | | SOLE | | 73,500 | 0 | 108,950 |
| CME Group (CME) | COM | 12572Q105 | 7,742,000 | 104,600 | SH | | SOLE | | 37,000 | 0 | 67,600 |
| CVS / Caremark Corp (CVS) | COM | 126650100 | 18,355,000 | 245,195 | SH | | SOLE | | 97,005 | 0 | 148,190 |
| Cameron International (CAM) | COM | 13342B105 | 8,503,000 | 137,650 | SH | | SOLE | | 56,750 | 0 | 80,900 |
| Capital One Financial Corp. (COF) | CL B | 14040H105 | 11,917,000 | 154,450 | SH | | SOLE | | 58,750 | 0 | 95,700 |
| Cardinal Health Inc. (CAH) | COM | 14149Y108 | 896,000 | 12,800 | SH | | SOLE | | 12,800 | 0 | 0 |
| Cerner Corp (CERN) | COM | 156782104 | 13,787,000 | 245,100 | SH | | SOLE | | 99,750 | 0 | 145,350 |
| Citigroup Inc. (C) | COM | 172967424 | 16,436,000 | 345,300 | SH | | SOLE | | 122,550 | 0 | 222,750 |
| Colgate-Palmolive Co. (CL) | COM | 194162103 | 908,000 | 14,000 | SH | | SOLE | | 14,000 | 0 | 0 |
| Conoco Phillips (COP) | COM | 20825C104 | 9,075,000 | 129,000 | SH | | SOLE | | 55,500 | 0 | 73,500 |
| Danaher Corp (DHR) | COM | 235851102 | 11,603,000 | 154,700 | SH | | SOLE | | 62,100 | 0 | 92,600 |
| Dr. Pepper Snapple Group, Inc. (DPS) | COM | 26138E109 | 9,446,000 | 173,450 | SH | | SOLE | | 67,450 | 0 | 106,000 |
| Eagle Materials (EXP) | COM | 26969P108 | 10,817,000 | 122,000 | SH | | SOLE | | 50,800 | 0 | 71,200 |
| Eaton Corp. (ETN) | COM | G29183103 | 11,099,000 | 147,750 | SH | | SOLE | | 52,050 | 0 | 95,700 |
| Ecolab Inc (ECL) | COM | 278865100 | 7,830,000 | 72,510 | SH | | SOLE | | 30,710 | 0 | 41,800 |
| Electronic Arts (EA) | COM | 285512109 | 685,000 | 23,600 | SH | | SOLE | | 23,600 | 0 | 0 |
| Express Scripts Hldg Co (ESRX) | COM | 30219G108 | 13,843,000 | 184,350 | SH | | SOLE | | 83,450 | 0 | 100,900 |
| Exxon Mobil Corporation (XOM) | COM | 30231G102 | 19,621,000 | 200,870 | SH | | SOLE | | 84,270 | 0 | 116,600 |
| FleetCor Technologies Inc (FLT) | COM | 339041105 | 9,714,000 | 84,400 | SH | | SOLE | | 31,850 | 0 | 52,550 |
| Gilead Sciences Inc. (GILD) | COM | 375558103 | 18,526,000 | 261,450 | SH | | SOLE | | 110,650 | 0 | 150,800 |
| Google - A (GOOGL) | CL A | 38259P508 | 27,996,000 | 25,120 | SH | | SOLE | | 10,520 | 0 | 14,600 |
| Home Depot Inc. (HD) | COM | 437076102 | 11,304,000 | 142,850 | SH | | SOLE | | 61,600 | 0 | 81,250 |
| Honeywell International Inc. (HON) | CL A | 438516106 | 18,844,000 | 203,150 | SH | | SOLE | | 79,150 | 0 | 124,000 |
| Informatica (INFA) | COM | 45666Q102 | 7,099,000 | 187,900 | SH | | SOLE | | 81,000 | 0 | 106,900 |
| JDS Uniphase Corp. (JDSU) | COM PAR $0.001 | 46612J507 | 5,046,000 | 360,400 | SH | | SOLE | | 156,500 | 0 | 203,900 |
| JP Morgan Chase & Co. (JPM) | COM | 46625H100 | 23,143,000 | 381,200 | SH | | SOLE | | 133,900 | 0 | 247,300 |
| Jarden Corp. (JAH) | COM | 471109108 | 7,715,000 | 128,950 | SH | | SOLE | | 44,700 | 0 | 84,250 |
| Kimberly-Clark (KMB) | COM | 494368103 | 9,895,000 | 89,750 | SH | | SOLE | | 30,900 | 0 | 58,850 |
| Marathon Petroleum Corp (MPC) | COM | 56585A102 | 7,646,000 | 87,850 | SH | | SOLE | | 34,450 | 0 | 53,400 |
| McKesson Corp (MCK) | COM | 58155Q103 | 15,900,000 | 90,050 | SH | | SOLE | | 32,100 | 0 | 57,950 |
| Microchip Tech. (MCHP) | COM | 595017104 | 8,879,000 | 185,900 | SH | | SOLE | | 70,500 | 0 | 115,400 |
| Microsoft Corp. (MSFT) | COM | 594918104 | 24,492,000 | 597,500 | SH | | SOLE | | 229,400 | 0 | 368,100 |
| Occidental Petroleum Corporation (OXY) | COM | 674599105 | 8,476,000 | 88,950 | SH | | SOLE | | 44,800 | 0 | 44,150 |
| Oracle Corporation (ORCL) | COM | 68389X105 | 720,000 | 17,600 | SH | | SOLE | | 17,600 | 0 | 0 |
| Packaging Corp of America 695156109 (PKG) | COM | 695156109 | 8,515,000 | 121,000 | SH | | SOLE | | 51,200 | 0 | 69,800 |
| Pentair - Reg (PNR) | SHS | H6169Q108 | 9,156,000 | 115,400 | SH | | SOLE | | 45,100 | 0 | 70,300 |
| Pfizer Inc. (PFE) | COM | 717081103 | 24,616,000 | 766,380 | SH | | SOLE | | 318,530 | 0 | 447,850 |
| PriceLine.com Inc. (PCLN) | COM NEW | 741503403 | 16,269,000 | 13,650 | SH | | SOLE | | 5,650 | 0 | 8,000 |
| Procter & Gamble Co. (PG) | COM | 742718109 | 21,347,000 | 264,850 | SH | | SOLE | | 102,100 | 0 | 162,750 |
| Prudential Financial Inc. (PRU) | COM | 744320102 | 13,874,000 | 163,900 | SH | | SOLE | | 56,600 | 0 | 107,300 |
| Rockwood Holdings, Inc. (ROC) | COM | 774415103 | 7,838,000 | 105,350 | SH | | SOLE | | 41,300 | 0 | 64,050 |
| SPDR S&P Bank ETF (KBE) | S&P BK ETF | 78464A797 | 8,818,000 | 259,050 | SH | | SOLE | | 42,450 | 0 | 216,600 |
| SPDR Trust Series 1 Index Fund (SPY) | TR UNIT | 78462F103 | 43,527,000 | 232,750 | SH | | SOLE | | 23,150 | 0 | 209,600 |
| Sandisk Corp. (SNDK) | COM | 80004C101 | 12,576,000 | 154,900 | SH | | SOLE | | 67,700 | 0 | 87,200 |
| Schlumberger Ltd. (SLB) | COM | 806857108 | 18,540,000 | 190,150 | SH | | SOLE | | 74,550 | 0 | 115,600 |
| Skyworks Solutions Inc. (SWKS) | COM | 83088M102 | 1,051,000 | 28,000 | SH | | SOLE | | 28,000 | 0 | 0 |
| TJX Companies (TJX) | COM | 872540109 | 10,259,000 | 169,150 | SH | | SOLE | | 67,750 | 0 | 101,400 |
| Terex Corp. (TEX) | COM | 880779103 | 7,596,000 | 175,500 | SH | | SOLE | | 61,550 | 0 | 113,950 |
| Tesla Motors (TSLA) | COM | 88160R101 | 10,631,000 | 51,000 | SH | | SOLE | | 21,000 | 0 | 30,000 |
| The Walt Disney Co. (DIS) | COM DISNEY | 254687106 | 17,515,000 | 218,750 | SH | | SOLE | | 84,850 | 0 | 133,900 |
| United Rentals (URI) | COM | 911363109 | 9,684,000 | 102,000 | SH | | SOLE | | 36,500 | 0 | 65,500 |
| Utilities Select Sector SPDR (XLU) | SBI INT-UTILS | 81369Y886 | 11,534,000 | 278,200 | SH | | SOLE | | 95,800 | 0 | 182,400 |
| Verizon Communications (VZ) | COM | 92343V104 | 14,764,000 | 310,367 | SH | | SOLE | | 110,247 | 0 | 200,120 |
| Wells Fargo Company (WFC) | COM | 949746101 | 17,812,000 | 358,100 | SH | | SOLE | | 136,200 | 0 | 221,900 |
