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
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 2,617 13,736 SH   SOLE   0 0 13,736
ABBOTT LABS COMMON 002824100 1,750 24,193 SH   SOLE   0 0 24,193
ABBVIE INC COMMON 00287Y109 1,490 16,166 SH   SOLE   0 0 16,166
ACCENTURE PLC IRELAND SHS CLAS COMMON G1151C101 13,650 96,798 SH   SOLE   2,300 0 94,498
ADOBE INC COMMON 00724F101 3,147 13,908 SH   SOLE   0 0 13,908
AIR LEASE CORP CL A COMMON 00912X302 38,660 1,279,721 SH   SOLE   104,088 0 1,175,633
AIR PRODUCTS & CHEMICALS INC COMMON 009158106 2,361 14,749 SH   SOLE   0 0 14,749
AKAMAI TECHNOLOGIES INC COMMON 00971T101 476 7,797 SH   SOLE   0 0 7,797
ALIBABA GROUP HOLDING LTD SPON COMMON 01609W102 13,106 95,618 SH   SOLE   10,700 0 84,918
ALPHABET INC CAP STK CL A COMMON 02079K305 31,568 30,210 SH   SOLE   3,647 0 26,563
ALPHABET INC CAP STK CL C COMMON 02079K107 69,110 66,733 SH   SOLE   6,210 0 60,523
ALTABA INC COMMON 021346101 16,250 280,463 SH   SOLE   4,020 0 276,443
ALTRIA GROUP INC COMMON 02209S103 741 15,002 SH   SOLE   0 0 15,002
AMAZON.COM INC COMMON 023135106 2,525 1,681 SH   SOLE   150 0 1,531
AMERICAN AIRLINES GROUP INC COMMON 02376R102 10,918 340,028 SH   SOLE   59,750 0 280,278
AMERICAN EXPRESS CO COMMON 025816109 56,616 593,953 SH   SOLE   68,109 0 525,844
AMERICAN INTL GROUP INC NEW COMMON 026874784 1,321 33,514 SH   SOLE   0 0 33,514
AMERICAN TOWER CORP NEW COMMON 03027X100 37,423 236,567 SH   SOLE   25,270 0 211,297
AMGEN INC COMMON 031162100 16,380 84,145 SH   SOLE   6,400 0 77,745
ANADARKO PETROLEUM CORP COMMON 032511107 3,185 72,648 SH   SOLE   0 0 72,648
ANTHRACITE CAP INC COMMON 037023108 0 13,772 SH   SOLE   0 0 13,772
APACHE CORP COMMON 037411105 9,219 351,218 SH   SOLE   18,149 0 333,069
APPLE INC COMMON 037833100 11,757 74,534 SH   SOLE   800 0 73,734
APTIV PLC SHS COMMON G6095L109 54,018 877,348 SH   SOLE   91,026 0 786,322
ARCONIC INC COMMON 03965L100 10,004 593,354 SH   SOLE   142,333 0 451,021
AT&T INC COMMON 00206R102 6,002 210,301 SH   SOLE   6,000 0 204,301
AUTOMATIC DATA PROCESSING INC COMMON 053015103 1,371 10,454 SH   SOLE   0 0 10,454
AUTOZONE INC COMMON 053332102 386 460 SH   SOLE   0 0 460
AVALONBAY COMMUNITIES INC COMMON 053484101 726 4,170 SH   SOLE   0 0 4,170
BANK AMERICA CORP COMMON 060505104 50,704 2,057,773 SH   SOLE   165,843 0 1,891,930
BANKUNITED INC COMMON 06652K103 52,564 1,755,648 SH   SOLE   158,491 0 1,597,157
BB&T CORP COMMON 054937107 60,134 1,388,127 SH   SOLE   75,130 0 1,312,997
BECTON DICKINSON & CO COMMON 075887109 568 2,519 SH   SOLE   0 0 2,519
BEIJING ENTRPRS WATER GRP LTD COMMON G0957L109 62 120,000 SH   SOLE   0 0 120,000
BERKSHIRE HATHAWAY INC CL B NE COMMON 084670702 3,972 19,453 SH   SOLE   0 0 19,453
BIOGEN INC COMMON 09062X103 218 726 SH   SOLE   0 0 726
BLACKROCK INC COMMON 09247X101 243 618 SH   SOLE   0 0 618
BLACKSTONE GROUP L P COMMON 09253U108 37,598 1,261,250 SH   SOLE   163,016 0 1,098,234
BOEING CO COMMON 097023105 2,310 7,164 SH   SOLE   0 0 7,164
BORGWARNER INC COMMON 099724106 40,045 1,152,704 SH   SOLE   50,621 0 1,102,083
BRISTOL MYERS SQUIBB CO COMMON 110122108 65,059 1,251,624 SH   SOLE   91,632 0 1,159,992
BROOKFIELD ASSET MGMT INC CL A COMMON 112585104 211 5,500 SH   SOLE   0 0 5,500
CAMBRIDGE HEART INC COMMON 131910101 0 302,350 SH   SOLE   0 0 302,350
CAS MEDICAL SYSTEM INC COMMON 124769209 54 33,774 SH   SOLE   0 0 33,774
CATERPILLAR INC COMMON 149123101 766 6,025 SH   SOLE   0 0 6,025
CELGENE CORP COMMON 151020104 55,067 859,214 SH   SOLE   80,368 0 778,846
CERNER CORP COMMON 156782104 47,727 910,127 SH   SOLE   84,829 0 825,298
CHARLES SCHWAB CORP NEW COMMON 808513105 19,179 461,820 SH   SOLE   11,204 0 450,616
CHEMBIO DIAGNOSTICS INC NEW COMMON 163572209 80 14,055 SH   SOLE   0 0 14,055
CHEVRON CORP NEW COMMON 166764100 11,731 107,836 SH   SOLE   5,300 0 102,536
CHINA EVERBRIGHT INTL LTD ORD COMMON Y14226107 115 131,000 SH   SOLE   0 0 131,000
CHUBB LIMITED COMMON H1467J104 4,038 31,261 SH   SOLE   3,500 0 27,761
CISCO SYSTEMS INC COMMON 17275R102 65,802 1,518,627 SH   SOLE   75,171 0 1,443,456
CITIGROUP INC NEW COMMON 172967424 24,499 470,596 SH   SOLE   10,000 0 460,596
COCA-COLA CO COMMON 191216100 14,402 304,167 SH   SOLE   0 0 304,167
COGNIZANT TECHNOLOGY SOLUTIONS COMMON 192446102 730 11,494 SH   SOLE   0 0 11,494
COLGATE PALMOLIVE CO COMMON 194162103 2,171 36,471 SH   SOLE   0 0 36,471
COMCAST CORP NEW CL A COMMON 20030N101 13,817 405,793 SH   SOLE   13,580 0 392,213
CONOCOPHILLIPS COMMON 20825C104 203 3,249 SH   SOLE   0 0 3,249
CONSOLIDATED EDISON INC COMMON 209115104 285 3,726 SH   SOLE   0 0 3,726
CONSTELLATION BRANDS INC CL A COMMON 21036P108 11,042 68,660 SH   SOLE   4,000 0 64,660
CORE LABORATORIES COMMON N22717107 3,460 58,002 SH   SOLE   0 0 58,002
CORNING INC COMMON 219350105 289 9,560 SH   SOLE   0 0 9,560
COSTCO WHOLESALE CORP NEW COMMON 22160K105 944 4,634 SH   SOLE   0 0 4,634
CVS HEALTH CORP COMMON 126650100 257 3,920 SH   SOLE   0 0 3,920
DANAHER CORP COMMON 235851102 59,294 575,001 SH   SOLE   68,683 0 506,318
DANONE SPONSORED ADR COMMON 23636T100 171 12,166 SH   SOLE   0 0 12,166
DEERE & CO COMMON 244199105 229 1,534 SH   SOLE   0 0 1,534
DELL TECHNOLOGIES INC CL C COMMON 24703L202 740 15,148 SH   SOLE   0 0 15,148
DELPHI TECHNOLOGIES PLC SHS COMMON G2709G107 1,178 82,264 SH   SOLE   5,000 0 77,264
DELTA AIR LINES INC NEW COMMON 247361702 98,864 1,981,240 SH   SOLE   173,286 0 1,807,954
DENTSPLY SIRONA INC COMMON 24906P109 54,065 1,452,976 SH   SOLE   167,885 0 1,285,091
DIAGEO P L C SPON ADR NEW COMMON 25243Q205 65,316 460,617 SH   SOLE   39,648 0 420,969
DISCOVERY INC SER A COMMON 25470F104 1,727 69,817 SH   SOLE   5,000 0 64,817
DISCOVERY INC SER C COMMON 25470F302 58,442 2,532,130 SH   SOLE   245,173 0 2,286,957
DOWDUPONT INC COMMON 26078J100 1,106 20,688 SH   SOLE   0 0 20,688
EBAY INC COMMON 278642103 923 32,879 SH   SOLE   0 0 32,879
ECOLAB INC COMMON 278865100 27,484 186,524 SH   SOLE   14,600 0 171,924
EISAI CO LTD ORD COMMON J12852117 210 2,750 SH   SOLE   0 0 2,750
EMERSON ELECTRIC CO COMMON 291011104 499 8,350 SH   SOLE   0 0 8,350
ENTERPRISE PRODUCTS PARTNERS L COMMON 293792107 526 21,405 SH   SOLE   0 0 21,405
EOG RESOURCES INC COMMON 26875P101 14,564 166,995 SH   SOLE   5,778 0 161,217
EQUINIX INC COMMON 29444U700 60,897 172,727 SH   SOLE   18,144 0 154,583
ERIN ENERGY CORP COMMON 295625107 0 124,244 SH   SOLE   0 0 124,244
EXPEDIA GROUP INC NEW COMMON 30212P303 34,131 302,978 SH   SOLE   43,752 0 259,226
EXPEDITORS INTL INC COMMON 302130109 12,681 186,243 SH   SOLE   0 0 186,243
EXXON MOBIL CORP COMMON 30231G102 3,139 46,038 SH   SOLE   0 0 46,038
FACEBOOK INC CL A COMMON 30303M102 40,443 308,517 SH   SOLE   42,477 0 266,040
FEDEX CORP COMMON 31428X106 2,610 16,180 SH   SOLE   0 0 16,180
FIRST REPUBLIC BANK COMMON 33616C100 76,113 875,870 SH   SOLE   79,533 0 796,337
FORD MOTOR CO COMMON 345370860 21,176 2,768,117 SH   SOLE   0 0 2,768,117
FORTIVE CORP COMMON 34959J108 31,408 464,197 SH   SOLE   71,849 0 392,348
FORTUNE BRANDS HOME & SECURITY COMMON 34964C106 45,597 1,200,230 SH   SOLE   75,981 0 1,124,249
GENERAL ELECTRIC CO COMMON 369604103 480 63,447 SH   SOLE   0 0 63,447
GENERAL MOTORS CO COMMON 37045V100 87,215 2,607,326 SH   SOLE   212,123 0 2,395,203
GILEAD SCIENCES INC COMMON 375558103 683 10,920 SH   SOLE   0 0 10,920
GROWLIFE INC COMMON 39985X104 1 75,000 SH   SOLE   0 0 75,000
HARTCOURT COMPANIES INC NEW COMMON 416187201 0 10,000 SH   SOLE   0 0 10,000
HERSHEY CO COMMON 427866108 217 2,023 SH   SOLE   0 0 2,023
HOLLYFRONTIER CORP COMMON 436106108 573 11,205 SH   SOLE   0 0 11,205
HOME DEPOT INC COMMON 437076102 1,868 10,871 SH   SOLE   700 0 10,171
HONEYWELL INTERNATIONAL INC COMMON 438516106 38,430 290,871 SH   SOLE   41,048 0 249,823
HP INC COMMON 40434L105 555 27,141 SH   SOLE   0 0 27,141
HUBBELL INC COMMON 443510607 204 2,050 SH   SOLE   0 0 2,050
HUDSONS BAY CO NEW COMMON 444218101 52,471 9,771,070 SH   SOLE   688,081 0 9,082,989
IAC/INTERACTIVE CORP COMMON 44919P508 89,304 487,894 SH   SOLE   49,648 0 438,246
ILLINOIS TOOL WORKS INC COMMON 452308109 14,708 116,094 SH   SOLE   3,000 0 113,094
ILLUMINA INC COMMON 452327109 114,932 383,198 SH   SOLE   34,246 0 348,952
INNOVATIVE SOLUTIONS & SUPPORT COMMON 45769N105 28 12,184 SH   SOLE   0 0 12,184
INTEL CORP COMMON 458140100 19,760 421,050 SH   SOLE   7,000 0 414,050
INTERNATIONAL BUSINESS MACHINE COMMON 459200101 34,920 307,208 SH   SOLE   36,239 0 270,969
ISTAR INC COMMON 45031U101 1,121 122,298 SH   SOLE   0 0 122,298
JOHNSON & JOHNSON COMMON 478160104 8,424 65,274 SH   SOLE   0 0 65,274
JPMORGAN CHASE & CO COMMON 46625H100 82,242 842,473 SH   SOLE   68,669 0 773,804
KANSAS CITY SOUTHERN NEW COMMON 485170302 22,245 233,053 SH   SOLE   10,649 0 222,404
KIMBERLY CLARK CORP COMMON 494368103 376 3,300 SH   SOLE   0 0 3,300
KKR & CO INC CL A COMMON 48251W104 376 19,171 SH   SOLE   0 0 19,171
KRAFT HEINZ CO COMMON 500754106 204 4,730 SH   SOLE   0 0 4,730
L BRANDS INC COMMON 501797104 34,944 1,361,261 SH   SOLE   143,302 0 1,217,959
LAMAR ADVERTISING CO NEW CL A COMMON 512816109 1,499 21,665 SH   SOLE   0 0 21,665
LAUDER ESTEE COS INC CL A COMMON 518439104 9,428 72,471 SH   SOLE   9,500 0 62,971
LILLY ELI & CO COMMON 532457108 659 5,699 SH   SOLE   0 0 5,699
LINDE PLC COMMON G5494J103 18,170 116,444 SH   SOLE   6,474 0 109,970
LOCKHEED MARTIN CORP COMMON 539830109 235 896 SH   SOLE   300 0 596
LOWE'S COMPANIES INC COMMON 548661107 58,703 635,584 SH   SOLE   26,821 0 608,763
M & T BANK CORP COMMON 55261F104 934 6,528 SH   SOLE   0 0 6,528
MACYS INC COMMON 55616P104 49,888 1,675,215 SH   SOLE   157,246 0 1,517,969
MAGELLAN MIDSTREAM PARTNERS LP COMMON 559080106 382 6,700 SH   SOLE   0 0 6,700
MANHATTAN ASSOCIATES INC COMMON 562750109 12,422 293,189 SH   SOLE   0 0 293,189
MARATHON PETROLEUM CORP COMMON 56585A102 39,418 667,994 SH   SOLE   70,229 0 597,765
MARSH & MCLENNAN COS INC COMMON 571748102 587 7,363 SH   SOLE   0 0 7,363
MARTIN MARIETTA MATERIALS INC COMMON 573284106 1,611 9,375 SH   SOLE   0 0 9,375
MASCO CORP COMMON 574599106 44,192 1,511,364 SH   SOLE   136,035 0 1,375,329
MASTERCARD INCORPORATED CL A COMMON 57636Q104 77,291 409,705 SH   SOLE   42,058 0 367,647
MAXAR TECHNOLOGIES LTD COMMON 57778L103 33,694 2,817,211 SH   SOLE   236,133 0 2,581,078
MCCORMICK & CO INC COMMON 579780206 1,364 9,795 SH   SOLE   0 0 9,795
MCDONALDS CORP COMMON 580135101 494 2,780 SH   SOLE   0 0 2,780
MEDTRONIC PLC SHS COMMON G5960L103 428 4,705 SH   SOLE   0 0 4,705
MERCK & COMPANY INC COMMON 58933Y105 38,789 507,642 SH   SOLE   21,055 0 486,587
METLIFE INC COMMON 59156R108 52,722 1,284,022 SH   SOLE   55,711 0 1,228,311
MICROCHIP TECHNOLOGY INC COMMON 595017104 637 8,859 SH   SOLE   0 0 8,859
MICROSOFT CORP COMMON 594918104 95,516 940,395 SH   SOLE   88,088 0 852,307
MONDELEZ INTL INC CL A COMMON 609207105 819 20,469 SH   SOLE   0 0 20,469
MONSTER BEVERAGE CORP NEW COMMON 61174X109 334 6,796 SH   SOLE   0 0 6,796
MORGAN STANLEY NEW COMMON 617446448 36,238 913,945 SH   SOLE   88,799 0 825,146
NAUTILUS INC COMMON 63910B102 121 11,113 SH   SOLE   0 0 11,113
NESTLE SA SPONSORED ADR COMMON 641069406 53,596 662,087 SH   SOLE   33,662 0 628,425
NIELSEN HOLDINGS PLC SHS EUR COMMON G6518L108 727 31,165 SH   SOLE   0 0 31,165
NIKE INC CL B COMMON 654106103 532 7,178 SH   SOLE   0 0 7,178
NORDSTROM INC COMMON 655664100 19,074 409,222 SH   SOLE   0 0 409,222
NOVARTIS A G SPONSORED ADR COMMON 66987V109 28,392 330,866 SH   SOLE   46,000 0 284,866
NOVO-NORDISK A S ADR COMMON 670100205 378 8,203 SH   SOLE   0 0 8,203
NVIDIA CORP COMMON 67066G104 39,847 298,478 SH   SOLE   41,699 0 256,779
OPKO HEALTH INC COMMON 68375N103 42 14,000 SH   SOLE   0 0 14,000
ORACLE CORP COMMON 68389X105 67,505 1,495,138 SH   SOLE   145,485 0 1,349,653
ORBCOMM INC COMMON 68555P100 760 92,025 SH   SOLE   0 0 92,025
PAYCHEX INC COMMON 704326107 220 3,369 SH   SOLE   0 0 3,369
PAYPAL HOLDINGS INC COMMON 70450Y103 55,334 658,038 SH   SOLE   29,797 0 628,241
PEPSICO INC COMMON 713448108 16,551 149,811 SH   SOLE   1,156 0 148,655
PFIZER INC COMMON 717081103 2,781 63,706 SH   SOLE   0 0 63,706
PHILIP MORRIS INTERNATIONAL IN COMMON 718172109 498 7,465 SH   SOLE   0 0 7,465
PING AN INSURANCE CO LTD SHS H COMMON Y69790106 165 19,000 SH   SOLE   0 0 19,000
PIONEER NATURAL RESOURCES CO COMMON 723787107 7,975 60,640 SH   SOLE   1,986 0 58,654
PNC FINANCIAL SERVICES GROUP I COMMON 693475105 321 2,743 SH   SOLE   0 0 2,743
PREMIER INC CL A COMMON 74051N102 4,929 131,958 SH   SOLE   10,000 0 121,958
PROCTER AND GAMBLE CO COMMON 742718109 2,866 31,175 SH   SOLE   0 0 31,175
PROLOGIS INC COMMON 74340W103 394 6,718 SH   SOLE   0 0 6,718
PRUDENTIAL FINANCIAL INC COMMON 744320102 72,144 884,662 SH   SOLE   71,100 0 813,562
QUALCOMM INC COMMON 747525103 92,709 1,629,038 SH   SOLE   147,926 0 1,481,112
QUANTUM MATERIALS CORP COMMON 74766A106 1 22,000 SH   SOLE   0 0 22,000
RAYTHEON CO NEW COMMON 755111507 254 1,658 SH   SOLE   0 0 1,658
REINSURANCE GROUP AMERICA INC COMMON 759351604 33,154 236,424 SH   SOLE   32,261 0 204,163
RESIDEO TECHNOLOGIES INC COMMON 76118Y104 301 14,627 SH   SOLE   3,748 0 10,879
ROYAL DUTCH SHELL PLC SPON ADR COMMON 780259107 14,000 233,561 SH   SOLE   24,893 0 208,668
ROYAL DUTCH SHELL PLC SPONS AD COMMON 780259206 203 3,485 SH   SOLE   0 0 3,485
ROYAL NICKEL CORP COMMON 780357109 69 190,000 SH   SOLE   0 0 190,000
SCHLUMBERGER LTD COMMON 806857108 3,054 84,641 SH   SOLE   0 0 84,641
SERVICE CORP INTERNATIONAL COMMON 817565104 250 6,200 SH   SOLE   0 0 6,200
SIMON PROPERTY GROUP INC NEW COMMON 828806109 39,461 234,902 SH   SOLE   29,024 0 205,878
SMUCKER J M CO NEW COMMON 832696405 27,945 298,907 SH   SOLE   35,763 0 263,144
SOLUCORP INDUSTRIES LTD COMMON 83437C102 0 17,000 SH   SOLE   0 0 17,000
SOUTHWEST AIRLINES CO COMMON 844741108 25,798 555,028 SH   SOLE   21,200 0 533,828
SS&C TECHNOLOGIES HOLDINGS INC COMMON 78467J100 41,042 909,817 SH   SOLE   108,706 0 801,111
STANLEY BLACK & DECKER INC COMMON 854502101 14,231 118,851 SH   SOLE   5,410 0 113,441
STARBUCKS CORP COMMON 855244109 1,652 25,654 SH   SOLE   0 0 25,654
STRATASYS LTD SHS COMMON M85548101 18,283 1,015,135 SH   SOLE   93,952 0 921,183
STRYKER CORP COMMON 863667101 287 1,831 SH   SOLE   0 0 1,831
SUN CUMMUNITIES INC COMMON 866674104 305 3,000 SH   SOLE   0 0 3,000
SVB FINANCIAL GROUP COMMON 78486Q101 10,788 56,804 SH   SOLE   3,132 0 53,672
SYNCHRONY FINANCIAL COMMON 87165B103 46,072 1,963,854 SH   SOLE   182,475 0 1,781,379
TARGET CORP COMMON 87612E106 204 3,082 SH   SOLE   0 0 3,082
TD AMERITRADE HOLDING CORP COMMON 87236Y108 10,429 213,005 SH   SOLE   8,000 0 205,005
TELUS CORP COMMON 87971M103 265 8,000 SH   SOLE   0 0 8,000
THERMO FISHER SCIENTIFIC INC COMMON 883556102 77,531 346,445 SH   SOLE   34,005 0 312,440
TIREX CORP COMMON 88823T106 0 12,000 SH   SOLE   0 0 12,000
TJX COS INC NEW COMMON 872540109 207 4,616 SH   SOLE   0 0 4,616
TRANSDIGM GROUP INC COMMON 893641100 741 2,180 SH   SOLE   0 0 2,180
TRAVELERS COMPANIES INC COMMON 89417E109 269 2,246 SH   SOLE   0 0 2,246
TRUSTCO BANK CORP NY COMMON 898349105 82 12,000 SH   SOLE   0 0 12,000
ULTA BEAUTY INC COMMON 90384S303 11,359 46,393 SH   SOLE   6,100 0 40,293
UNILEVER N V N Y SHS NEW COMMON 904784709 3,062 56,914 SH   SOLE   0 0 56,914
UNION PACIFIC CORP COMMON 907818108 905 6,544 SH   SOLE   1,100 0 5,444
UNITED CONTINENTAL HOLDINGS IN COMMON 910047109 86,205 1,029,556 SH   SOLE   84,230 0 945,326
UNITED PARCEL SERVICE INC CL B COMMON 911312106 741 7,593 SH   SOLE   0 0 7,593
UNITED RENTALS INC COMMON 911363109 1,892 18,453 SH   SOLE   0 0 18,453
UNITED TECHNOLOGIES CORP COMMON 913017109 1,422 13,358 SH   SOLE   0 0 13,358
UNITEDHEALTH GROUP INC COMMON 91324P102 849 3,409 SH   SOLE   0 0 3,409
US BANCORP NEW COMMON 902973304 69,902 1,529,583 SH   SOLE   121,145 0 1,408,438
V F CORP COMMON 918204108 34,315 481,006 SH   SOLE   25,141 0 455,865
VALERO ENERGY CORP NEW COMMON 91913Y100 6,519 86,960 SH   SOLE   0 0 86,960
VERISK ANALYTICS INC COMMON 92345Y106 42,426 389,090 SH   SOLE   43,818 0 345,272
VERIZON COMMUNICATIONS INC COMMON 92343V104 1,965 34,957 SH   SOLE   0 0 34,957
VISA INC CL A COMMON 92826C839 89,835 680,879 SH   SOLE   69,204 0 611,675
VODAFONE GROUP PLC NEW SPONSOR COMMON 92857W308 204 10,580 SH   SOLE   0 0 10,580
VULCAN MATERIALS CO COMMON 929160109 6,989 70,735 SH   SOLE   2,290 0 68,445
WALMART INC COMMON 931142103 992 10,649 SH   SOLE   0 0 10,649
WALT DISNEY CO COMMON 254687106 34,938 318,632 SH   SOLE   24,563 0 294,069
WASTE MANAGEMENT INC COMMON 94106L109 636 7,145 SH   SOLE   0 0 7,145
WELLS FARGO CO NEW COMMON 949746101 1,699 36,865 SH   SOLE   0 0 36,865
XPO LOGISTICS INC COMMON 983793100 52,633 922,733 SH   SOLE   101,307 0 821,426
YELP INC CL A COMMON 985817105 26,708 763,310 SH   SOLE   48,667 0 714,643
YUM BRANDS INC COMMON 988498101 10,705 116,455 SH   SOLE   4,000 0 112,455
YUM CHINA HOLDINGS INC COMMON 98850P109 456 13,605 SH   SOLE   0 0 13,605
ZIONS BANCORPORATION N A COMMON 989701107 9,434 231,571 SH   SOLE   8,112 0 223,459
ZOETIS INC CL A COMMON 98978V103 4,212 49,235 SH   SOLE   0 0 49,235