The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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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 |
| Exelixis Inc., 4.25%, due 08/15/2019 | CONVERTIBLE | 30161QAC8 | 645 | 550,000 | PRN | SOLE | 550,000 | 0 | 0 | ||
| Intel Corp., 2.95%, due 12/15/2035 | CONVERTIBLE | 458140AD2 | 1,599 | 1,250,000 | PRN | SOLE | 1,250,000 | 0 | 0 | ||
| Microchip Tech., 1.63%, due 02/15/2025 | CONVERTIBLE | 595017AC8 | 994 | 1,000,000 | PRN | SOLE | 1,000,000 | 0 | 0 | ||
| Apple Inc. | COMMON STOCK | 037833100 | 365,052 | 3,468,097 | SH | SOLE | 3,326,297 | 0 | 141,800 | ||
| Autodesk Inc. | COMMON STOCK | 052769106 | 72,409 | 1,188,391 | SH | SOLE | 1,188,391 | 0 | 0 | ||
| Allergan plc | COMMON STOCK | G0177J108 | 299,978 | 959,931 | SH | SOLE | 920,568 | 0 | 39,363 | ||
| Air Lease Corp. | COMMON STOCK | 00912X302 | 30,484 | 910,500 | SH | SOLE | 910,500 | 0 | 0 | ||
| Applied Materials Inc. | COMMON STOCK | 038222105 | 453,465 | 24,288,440 | SH | SOLE | 23,554,548 | 0 | 733,892 | ||
| American Express Co. | COMMON STOCK | 025816109 | 97,370 | 1,400,000 | SH | SOLE | 1,400,000 | 0 | 0 | ||
| Axalta Coating Systems Ltd. | COMMON STOCK | G0750C108 | 25,273 | 948,337 | SH | SOLE | 948,337 | 0 | 0 | ||
| Alibaba Group Holding Ltd. (ADR) | COMMON STOCK | 01609W102 | 488 | 6,000 | SH | SOLE | 6,000 | 0 | 0 | ||
| Belmond Ltd. | COMMON STOCK | G1154H107 | 4,750 | 500,000 | SH | SOLE | 500,000 | 0 | 0 | ||
| Cardinal Health Inc. | COMMON STOCK | 14149Y108 | 19,639 | 220,000 | SH | SOLE | 220,000 | 0 | 0 | ||
| Cameron International Corp. | COMMON STOCK | 13342B105 | 9,986 | 158,000 | SH | SOLE | 158,000 | 0 | 0 | ||
| Calgon Carbon Corp. | COMMON STOCK | 129603106 | 14,020 | 812,759 | SH | SOLE | 812,759 | 0 | 0 | ||
| C.H. Robinson Worldwide Inc. | COMMON STOCK | 12541W209 | 24,808 | 400,000 | SH | SOLE | 400,000 | 0 | 0 | ||
| Ciena Corp. | COMMON STOCK | 171779309 | 101,381 | 4,900,000 | SH | SOLE | 4,900,000 | 0 | 0 | ||
| Cummins Inc. | COMMON STOCK | 231021106 | 88,010 | 1,000,000 | SH | SOLE | 1,000,000 | 0 | 0 | ||
| Compass Minerals International Inc. | COMMON STOCK | 20451N101 | 176,655 | 2,433,135 | SH | SOLE | 2,346,947 | 0 | 86,188 | ||
| Capital One Financial Corp. | COMMON STOCK | 14040H105 | 20,923 | 200,000 | SH | SOLE | 200,000 | 0 | 0 | ||
| Citrix Systems Inc. | COMMON STOCK | 177376100 | 68,085 | 900,000 | SH | SOLE | 900,000 | 0 | 0 | ||
| CVS Health Corp. | COMMON STOCK | 126650100 | 355,125 | 3,791,426 | SH | SOLE | 3,632,248 | 0 | 159,178 | ||
| Deere & Co. | COMMON STOCK | 244199105 | 259,512 | 3,283,700 | SH | SOLE | 3,198,492 | 0 | 85,208 | ||
| Danaher Corp. | COMMON STOCK | 235851102 | 586,523 | 6,510,862 | SH | SOLE | 6,244,877 | 0 | 265,985 | ||
| eBay Inc. | COMMON STOCK | 278642103 | 286,408 | 9,928,203 | SH | SOLE | 9,523,410 | 0 | 404,793 | ||
| Ecolab Inc. | COMMON STOCK | 278865100 | 13,526 | 21,000 | SH | SOLE | 21,000 | 0 | 0 | ||
| Equifax Inc. | COMMON STOCK | 294429105 | 7,796 | 70,000 | SH | SOLE | 70,000 | 0 | 0 | ||
| Energen Corp. | COMMON STOCK | 29265N108 | 4,015 | 97,956 | SH | SOLE | 97,956 | 0 | 0 | ||
| Essent Group Ltd. | COMMON STOCK | G3198U102 | 26,049 | 1,190,000 | SH | SOLE | 1,190,000 | 0 | 0 | ||
| Expeditors International of Washington Inc. | COMMON STOCK | 302130109 | 61,201 | 1,357,000 | SH | SOLE | 1,357,000 | 0 | 0 | ||
| First American Financial Corp. | COMMON STOCK | 31847R102 | 8,796 | 245,000 | SH | SOLE | 245,000 | 0 | 0 | ||
| FedEx Corp. | COMMON STOCK | 31428X106 | 9,684 | 65,000 | SH | SOLE | 65,000 | 0 | 0 | ||
| First Horizon National Corp. | COMMON STOCK | 320517105 | 34,630 | 2,385,000 | SH | SOLE | 2,385,000 | 0 | 0 | ||
| Fiserv Inc. | COMMON STOCK | 337738108 | 17,377 | 190,000 | SH | SOLE | 190,000 | 0 | 0 | ||
| AGL Resources Inc. | COMMON STOCK | 001204106 | 57,128 | 895,281 | SH | SOLE | 857,949 | 0 | 37,332 | ||
| Gilead Sciences Inc. | COMMON STOCK | 375558103 | 428,917 | 4,238,731 | SH | SOLE | 4,081,856 | 0 | 156,875 | ||
| Alphabet Inc., Class C | COMMON STOCK | 02079K107 | 390,896 | 515,096 | SH | SOLE | 493,453 | 0 | 21,643 | ||
| Alphabet Inc., Class A | COMMON STOCK | 02079K305 | 238,139 | 306,087 | SH | SOLE | 295,807 | 0 | 10,280 | ||
| Genesee & Wyoming Inc., Class A | COMMON STOCK | 371559105 | 5,369 | 100,000 | SH | SOLE | 100,000 | 0 | 0 | ||
| W.W. Grainger Inc. | COMMON STOCK | 384802104 | 42,544 | 210,000 | SH | SOLE | 210,000 | 0 | 0 | ||
| International Business Machines Corp. | COMMON STOCK | 459200101 | 97,710 | 710,000 | SH | SOLE | 710,000 | 0 | 0 | ||
| Intel Corp. | COMMON STOCK | 458140100 | 563,305 | 16,351,372 | SH | SOLE | 15,784,410 | 0 | 566,962 | ||
| Intuit Inc. | COMMON STOCK | 461202103 | 1,857 | 19,243 | SH | SOLE | 19,243 | 0 | 0 | ||
| Iron Mountain Inc. | COMMON STOCK | 46284V101 | 321,106 | 11,888,395 | SH | SOLE | 11,417,308 | 0 | 471,087 | ||
| Linear Technology Corp. | COMMON STOCK | 535678106 | 340 | 8,000 | SH | SOLE | 8,000 | 0 | 0 | ||
| Lam Research Corp. | COMMON STOCK | 512807108 | 37,725 | 475,000 | SH | SOLE | 475,000 | 0 | 0 | ||
| MasterCard Inc., Class A | COMMON STOCK | 57636Q104 | 286,769 | 2,945,445 | SH | SOLE | 2,821,381 | 0 | 124,064 | ||
| McKesson Corp. | COMMON STOCK | 58155Q103 | 15,778 | 80,000 | SH | SOLE | 80,000 | 0 | 0 | ||
| Mondelez International Inc., Class A | COMMON STOCK | 609207105 | 529,823 | 11,815,851 | SH | SOLE | 11,342,612 | 0 | 473,239 | ||
| MDU Resources Group Inc. | COMMON STOCK | 552690109 | 259,805 | 14,181,493 | SH | SOLE | 13,664,457 | 0 | 517,036 | ||
| McCormick & Co. | COMMON STOCK | 579780206 | 240,064 | 2,805,798 | SH | SOLE | 2,693,503 | 0 | 112,295 | ||
| Motorola Solutions Inc. | COMMON STOCK | 620076307 | 591,998 | 8,648,618 | SH | SOLE | 8,313,623 | 0 | 334,995 | ||
| Micron Technology Inc. | COMMON STOCK | 595112103 | 28,745 | 2,030,000 | SH | SOLE | 2,030,000 | 0 | 0 | ||
| National Oilwell Varco Inc. | COMMON STOCK | 637071101 | 322,763 | 9,637,606 | SH | SOLE | 9,252,383 | 0 | 385,223 | ||
| Insperity Inc. | COMMON STOCK | 45778Q107 | 15,215 | 316,000 | SH | SOLE | 316,000 | 0 | 0 | ||
| Novartis AG (ADR) | COMMON STOCK | 66987V109 | 192,752 | 2,240,255 | SH | SOLE | 2,149,372 | 0 | 90,883 | ||
| Northwest Natural Gas Co. | COMMON STOCK | 667655104 | 136,200 | 2,691,177 | SH | SOLE | 2,582,844 | 0 | 108,333 | ||
| Patterson Companies Inc. | COMMON STOCK | 703395103 | 276,945 | 6,125,744 | SH | SOLE | 5,902,938 | 0 | 222,806 | ||
| PepsiCo Inc. | COMMON STOCK | 713448108 | 348,756 | 3,490,354 | SH | SOLE | 3,349,708 | 0 | 140,646 | ||
| Procter & Gamble Co. | COMMON STOCK | 742718109 | 471,166 | 5,933,334 | SH | SOLE | 5,688,825 | 0 | 244,509 | ||
| Progressive Corp. | COMMON STOCK | 743315103 | 15,900 | 500,000 | SH | SOLE | 500,000 | 0 | 0 | ||
| Plantronics Inc. | COMMON STOCK | 727493108 | 32,009 | 675,000 | SH | SOLE | 675,000 | 0 | 0 | ||
| Pentair plc | COMMON STOCK | G7S00T104 | 372,617 | 7,523,057 | SH | SOLE | 7,232,486 | 0 | 290,571 | ||
| Potash Corporation of Saskatchewan Inc. | COMMON STOCK | 73755L107 | 18,832 | 1,100,000 | SH | SOLE | 1,100,000 | 0 | 0 | ||
| Perrigo Co. plc | COMMON STOCK | G97822103 | 321,022 | 2,218,534 | SH | SOLE | 2,141,994 | 0 | 76,540 | ||
| Praxair Inc. | COMMON STOCK | 74005P104 | 377,731 | 3,688,780 | SH | SOLE | 3,538,979 | 0 | 149,801 | ||
| PayPal Holdings Inc. | COMMON STOCK | 70450Y103 | 327,846 | 9,056,517 | SH | SOLE | 8,710,538 | 0 | 345,979 | ||
| QUALCOMM Inc. | COMMON STOCK | 747525103 | 71,579 | 1,432,000 | SH | SOLE | 1,432,000 | 0 | 0 | ||
| Roche Holdings Ltd. (ADR) | COMMON STOCK | 771195104 | 25,853 | 750,000 | SH | SOLE | 750,000 | 0 | 0 | ||
| Redwood Trust Inc. | COMMON STOCK | 758075402 | 14,520 | 1,100,000 | SH | SOLE | 1,100,000 | 0 | 0 | ||
| Charles Schwab Corp. | COMMON STOCK | 808513105 | 423,436 | 12,858,674 | SH | SOLE | 12,408,890 | 0 | 449,784 | ||
| SEI Investments Co. | COMMON STOCK | 784117103 | 18,602 | 355,000 | SH | SOLE | 355,000 | 0 | 0 | ||
| Shaw Communications Inc., Class B | COMMON STOCK | 82028K200 | 232,241 | 13,510,237 | SH | SOLE | 12,976,102 | 0 | 534,135 | ||
| SanDisk Corp. | COMMON STOCK | 80004C101 | 110,186 | 1,450,000 | SH | SOLE | 1,450,000 | 0 | 0 | ||
| Questar Corp. | COMMON STOCK | 748356102 | 276,935 | 14,216,376 | SH | SOLE | 13,700,699 | 0 | 515,677 | ||
| Sysco Corp. | COMMON STOCK | 871829107 | 362,639 | 8,844,854 | SH | SOLE | 8,494,163 | 0 | 350,691 | ||
| Teleflex Inc. | COMMON STOCK | 879369106 | 7,558 | 57,500 | SH | SOLE | 57,500 | 0 | 0 | ||
| Thomson Reuters Corp. | COMMON STOCK | 884903105 | 336,098 | 8,879,744 | SH | SOLE | 8,554,749 | 0 | 324,995 | ||
| Trimble Navigation Ltd. | COMMON STOCK | 896239100 | 19,305 | 900,000 | SH | SOLE | 900,000 | 0 | 0 | ||
| Taiwan Semiconductor Manufacturing Co., Ltd. (ADR) | COMMON STOCK | 874039100 | 228 | 10,000 | SH | SOLE | 10,000 | 0 | 0 | ||
| United Parcel Service Inc., Class B | COMMON STOCK | 911312106 | 392,197 | 4,075,624 | SH | SOLE | 3,907,064 | 0 | 168,560 | ||
| VF Corp. | COMMON STOCK | 918204108 | 387,013 | 6,217,073 | SH | SOLE | 5,971,435 | 0 | 245,638 | ||
| Verisk Analytics Inc. | COMMON STOCK | 92345Y106 | 332,467 | 4,324,492 | SH | SOLE | 4,150,513 | 0 | 173,979 | ||
| WD-40 Co. | COMMON STOCK | 929236107 | 129,586 | 1,313,598 | SH | SOLE | 1,253,923 | 0 | 59,675 | ||
| Wells Fargo & Co. | COMMON STOCK | 949746101 | 51,642 | 950,000 | SH | SOLE | 950,000 | 0 | 0 | ||
| Whole Foods Market Inc. | COMMON STOCK | 966837106 | 108,875 | 3,250,000 | SH | SOLE | 3,250,000 | 0 | 0 | ||
| Waste Management Inc. | COMMON STOCK | 94106L109 | 268,194 | 5,025,190 | SH | SOLE | 4,827,003 | 0 | 198,187 | ||
| DENTSPLY International Inc. | COMMON STOCK | 249030107 | 17,729 | 291,348 | SH | SOLE | 291,348 | 0 | 0 | ||
| Xylem Inc. | COMMON STOCK | 98419M100 | 407,550 | 11,165,761 | SH | SOLE | 10,723,328 | 0 | 442,433 | ||