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
Actuant Corporation CL A 00508X203 5,737 174,003 SH   SOLE NONE 174,003 0 0
Administradora de Fondos de Pensiones Provida SA ADR 00709P108 930 10,900 SH   SOLE NONE 10,900 0 0
Aflac Inc COM 001055102 11,516 198,140 SH   SOLE NONE 198,140 0 0
Air Products & Chemicals Inc. COM 009158106 21,508 234,876 SH   SOLE NONE 234,876 0 0
AMETEK Inc COM 031100100 37,457 885,517 SH   SOLE NONE 885,517 0 0
Amtrust Financial Services COM 032359309 91,845 2,572,700 SH   SOLE NONE 2,572,700 0 0
Anheuser-Busch InBev ADR 03524A108 14,407 160,265 SH   SOLE NONE 160,265 0 0
AON PLC CL A G0408V102 89,487 1,389,462 SH   SOLE NONE 1,389,462 0 0
Aspen Insurance Holdings Ltd SHS G05384105 52,460 1,415,078 SH   SOLE NONE 1,415,078 0 0
Becton Dickinson and Co COM 075887109 74,928 759,095 SH   SOLE NONE 759,095 0 0
BHP Billiton Ltd ADR 088606108 3,200 55,319 SH   SOLE NONE 55,319 0 0
BHP Billiton PLC ADR 05545E209 41,602 810,931 SH   SOLE NONE 810,931 0 0
Blackrock Inc COM 09247X101 58,728 228,646 SH   SOLE NONE 228,646 0 0
Canon Inc ADR 138006309 58,805 1,786,120 SH   SOLE NONE 1,786,120 0 0
Chevron Corp COM 166764100 68,439 578,108 SH   SOLE NONE 578,108 0 0
Cisco Systems Inc COM 17275R102 17,742 729,091 SH   SOLE NONE 729,091 0 0
CME Group Inc COM 12572Q105 31,544 415,330 SH   SOLE NONE 415,330 0 0
Coach Inc COM 189754104 21,869 383,066 SH   SOLE NONE 383,066 0 0
Community Bank Systems Inc COM 203607106 1,182 38,300 SH   SOLE NONE 38,300 0 0
Copart Inc COM 217204106 30,754 996,240 SH   SOLE NONE 996,240 0 0
Costco Wholesale Corp COM 22160K105 3,833 34,670 SH   SOLE NONE 34,670 0 0
Credit Acceptance Corp. COM 225310101 1,797 17,110 SH   SOLE NONE 17,110 0 0
Dentsply International Inc COM 249030107 24,007 586,120 SH   SOLE NONE 586,120 0 0
Donaldson Co Inc COM 257651109 18,002 504,825 SH   SOLE NONE 504,825 0 0
Dover Corporation COM 260003108 17,263 222,295 SH   SOLE NONE 222,295 0 0
E.I du Pont de Nemours COM 263534109 55,161 1,050,079 SH   SOLE NONE 1,050,079 0 0
Emerson Electric Co COM 291011104 19,684 359,870 SH   SOLE NONE 359,870 0 0
Exxon Mobil Corp COM 30231G102 67,867 751,184 SH   SOLE NONE 751,184 0 0
Gazit-Globe Ltd. (US Listed) SHS M4793C102 24,183 1,828,397 SH   SOLE NONE 1,828,397 0 0
General Electric Co COM 369604103 45,418 1,958,504 SH   SOLE NONE 1,958,504 0 0
GlaxoSmithKline PLC ADR 37733W105 14,867 296,875 SH   SOLE NONE 296,875 0 0
Google Inc CL A 38259P508 67,395 76,561 SH   SOLE NONE 76,561 0 0
Graco Inc COM 384109104 18,959 299,930 SH   SOLE NONE 299,930 0 0
HCC Insurance Holdings Inc. COM 404132102 9,295 215,621 SH   SOLE NONE 215,621 0 0
Honda Motor Co Ltd AMERN SHS 438128308 23,460 628,644 SH   SOLE NONE 628,644 0 0
HSBC Holdings PLC ADR 404280406 67,230 1,294,096 SH   SOLE NONE 1,294,096 0 0
Illinois Tool Works Inc COM 452308109 54,083 781,739 SH   SOLE NONE 781,739 0 0
International Business Machines Corp COM 459200101 70,968 371,059 SH   SOLE NONE 371,059 0 0
John Wiley & Sons Inc CL A 968223206 50,800 1,267,144 SH   SOLE NONE 1,267,144 0 0
Johnson & Johnson COM 478160104 54,785 637,496 SH   SOLE NONE 637,496 0 0
JPMorgan Chase & Co COM 46625H100 68,779 1,302,786 SH   SOLE NONE 1,302,786 0 0
Kraft Foods Group Inc COM 50076Q106 23,196 415,180 SH   SOLE NONE 415,180 0 0
Lowes Cos Inc COM 548661107 11,189 273,572 SH   SOLE NONE 273,572 0 0
Marsh & McLennan Cos Inc COM 571748102 31,981 801,138 SH   SOLE NONE 801,138 0 0
McGraw-Hill Companies COM 580645109 41,788 785,635 SH   SOLE NONE 785,635 0 0
Mesa Laboratories Inc COM 59064R109 4,384 80,997 SH   SOLE NONE 80,997 0 0
Microsoft Corp COM 594918104 7,899 228,650 SH   SOLE NONE 228,650 0 0
Mondelez International Inc CL A 609207105 28,317 992,520 SH   SOLE NONE 992,520 0 0
National Beverage Corp. COM 635017106 1,038 59,394 SH   SOLE NONE 59,394 0 0
Newmarket Corp COM 651587107 6,301 24,000 SH   SOLE NONE 24,000 0 0
NIKE Inc CL B 654106103 37,872 597,263 SH   SOLE NONE 597,263 0 0
Novartis AG ADR 66987V109 67,135 949,763 SH   SOLE NONE 949,763 0 0
Oracle Corp COM 68389X105 56,769 1,851,267 SH   SOLE NONE 1,851,267 0 0
Patterson Cos Inc COM 703395103 18,370 488,575 SH   SOLE NONE 488,575 0 0
Paychex Inc COM 704326107 25,208 689,484 SH   SOLE NONE 689,484 0 0
PepsiCo Inc/NC COM 713448108 42,893 524,587 SH   SOLE NONE 524,587 0 0
ProAssurance Corporation COM 74267C106 11,094 212,685 SH   SOLE NONE 212,685 0 0
Procter & Gamble Co COM 742718109 38,694 501,469 SH   SOLE NONE 501,469 0 0
Royal Dutch Shell PLC ADR 780259206 68,825 1,078,769 SH   SOLE NONE 1,078,769 0 0
RPM International Inc. COM 749685103 31,164 975,705 SH   SOLE NONE 975,705 0 0
Sasol Ltd ADR 803866300 6,602 153,874 SH   SOLE NONE 153,874 0 0
Sherwin-Williams Co/The COM 824348106 5,152 29,176 SH   SOLE NONE 29,176 0 0
Smith & Nephew PLC ADR 83175M205 18,107 322,899 SH   SOLE NONE 322,899 0 0
State Street Corp COM 857477103 51,331 786,419 SH   SOLE NONE 786,419 0 0
SYNNEX Corp COM 87162W100 32,572 770,399 SH   SOLE NONE 770,399 0 0
Sysco Corp COM 871829107 23,835 697,751 SH   SOLE NONE 697,751 0 0
T Rowe Price Group Inc COM 74144T108 24,384 332,582 SH   SOLE NONE 332,582 0 0
Total SA ADR 89151E109 59,170 1,216,227 SH   SOLE NONE 1,216,227 0 0
Tower Group International Ltd. COM G8988C105 1,687 82,261 SH   SOLE NONE 82,261 0 0
UFP Technologies Inc COM 902673102 4,902 250,370 SH   SOLE NONE 250,370 0 0
Unilever PLC ADR 904767704 73,052 1,806,116 SH   SOLE NONE 1,806,116 0 0
United Technologies Corporation COM 913017109 29,198 314,165 SH   SOLE NONE 314,165 0 0
VCA Antech Inc COM 918194101 12,874 493,435 SH   SOLE NONE 493,435 0 0
Visa Inc CL A 92826C839 21,468 117,470 SH   SOLE NONE 117,470 0 0
Vodafone Group PLC ADR 92857W209 92,566 3,221,876 SH   SOLE NONE 3,221,876 0 0
Vulcan Materials Co COM 929160109 4,447 91,860 SH   SOLE NONE 91,860 0 0
Walgreen Co COM 931422109 30,810 696,440 SH   SOLE NONE 696,440 0 0
Wells Fargo & Co COM 949746101 78,590 1,904,291 SH   SOLE NONE 1,904,291 0 0
Westwood Holdings Group Inc COM 961765104 4,473 104,215 SH   SOLE NONE 104,215 0 0
WEX Inc. COM 96208T104 42,981 560,380 SH   SOLE NONE 560,380 0 0