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 |
| Intel Corp., 2.95 percent, due 12/15/2035 | CONVERTIBLE | 458140AD2 | 980 | 750,000 | PRN | SOLE | 750,000 | 0 | 0 | ||
| Allergan plc, 5.50 percent, 03/01/2018 | PREFERRED STOCK | G0177J116 | 2,517 | 2,900 | SH | SOLE | 2,900 | 0 | 0 | ||
| Public Storage, 5.15 percent, due 06/02/2022 | PREFERRED STOCK | 74460W685 | 3,005 | 120,000 | SH | SOLE | 120,000 | 0 | 0 | ||
| Air Lease Corp. | COMMON STOCK | 00912X302 | 17,484 | 468,000 | SH | SOLE | 468,000 | 0 | 0 | ||
| Alibaba Group Holding Ltd. (ADR) | COMMON STOCK | 01609W102 | 352 | 2,500 | SH | SOLE | 2,500 | 0 | 0 | ||
| Allergan plc | COMMON STOCK | G0177J108 | 831,932 | 3,422,321 | SH | SOLE | 3,340,901 | 0 | 81,420 | ||
| Alliance Data Systems Corp. | COMMON STOCK | 018581108 | 179,683 | 700,000 | SH | SOLE | 700,000 | 0 | 0 | ||
| Alphabet Inc., Class A | COMMON STOCK | 02079K305 | 481,049 | 517,435 | SH | SOLE | 506,032 | 0 | 11,403 | ||
| Alphabet Inc., Class C | COMMON STOCK | 02079K107 | 505,317 | 556,069 | SH | SOLE | 537,344 | 0 | 18,725 | ||
| American Express Co. | COMMON STOCK | 025816109 | 193,752 | 2,300,000 | SH | SOLE | 2,300,000 | 0 | 0 | ||
| Anthem Inc. | COMMON STOCK | 036752103 | 112,878 | 600,000 | SH | SOLE | 600,000 | 0 | 0 | ||
| Apple Inc. | COMMON STOCK | 037833100 | 520,031 | 3,610,824 | SH | SOLE | 3,495,977 | 0 | 114,847 | ||
| Applied Materials Inc. | COMMON STOCK | 038222105 | 8,262 | 200,000 | SH | SOLE | 200,000 | 0 | 0 | ||
| Autodesk Inc. | COMMON STOCK | 052769106 | 155,172 | 1,539,100 | SH | SOLE | 1,539,100 | 0 | 0 | ||
| Axalta Coating Systems Ltd. | COMMON STOCK | G0750C108 | 61,677 | 1,925,000 | SH | SOLE | 1,925,000 | 0 | 0 | ||
| Belmond Ltd. | COMMON STOCK | G1154H107 | 13,300 | 1,000,000 | SH | SOLE | 1,000,000 | 0 | 0 | ||
| Capital One Financial Corp. | COMMON STOCK | 14040H105 | 74,358 | 900,000 | SH | SOLE | 900,000 | 0 | 0 | ||
| Cardinal Health Inc. | COMMON STOCK | 14149Y108 | 91,556 | 1,175,000 | SH | SOLE | 1,175,000 | 0 | 0 | ||
| Charles Schwab Corp. | COMMON STOCK | 808513105 | 617,111 | 14,364,782 | SH | SOLE | 14,043,814 | 0 | 320,968 | ||
| Ciena Corp. | COMMON STOCK | 171779309 | 67,554 | 2,700,000 | SH | SOLE | 2,700,000 | 0 | 0 | ||
| The Clorox Company | COMMON STOCK | 189054109 | 582,914 | 4,374,914 | SH | SOLE | 4,250,617 | 0 | 124,297 | ||
| Cognizant Tech Solutions - Class A | COMMON STOCK | 192446102 | 26,826 | 404,000 | SH | SOLE | 404,000 | 0 | 0 | ||
| Compass Minerals International Inc. | COMMON STOCK | 20451N101 | 205,506 | 3,147,101 | SH | SOLE | 3,067,946 | 0 | 79,155 | ||
| Cummins Inc. | COMMON STOCK | 231021106 | 56,777 | 350,000 | SH | SOLE | 350,000 | 0 | 0 | ||
| CVS Health Corp. | COMMON STOCK | 126650100 | 586,033 | 7,283,532 | SH | SOLE | 7,044,434 | 0 | 239,098 | ||
| Danaher Corp. | COMMON STOCK | 235851102 | 824,254 | 9,767,203 | SH | SOLE | 9,441,928 | 0 | 325,275 | ||
| Deere & Co. | COMMON STOCK | 244199105 | 46,717 | 378,000 | SH | SOLE | 378,000 | 0 | 0 | ||
| Dentsply Sirona Inc. | COMMON STOCK | 24906P109 | 84,292 | 1,300,000 | SH | SOLE | 1,300,000 | 0 | 0 | ||
| eBay Inc. | COMMON STOCK | 278642103 | 97,078 | 2,780,000 | SH | SOLE | 2,780,000 | 0 | 0 | ||
| Ecolab Inc. | COMMON STOCK | 278865100 | 54,428 | 410,000 | SH | SOLE | 410,000 | 0 | 0 | ||
| Equifax Inc. | COMMON STOCK | 294429105 | 61,495 | 447,500 | SH | SOLE | 447,500 | 0 | 0 | ||
| Essent Group Ltd. | COMMON STOCK | G3198U102 | 15,970 | 430,000 | SH | SOLE | 430,000 | 0 | 0 | ||
| Expeditors International of Washington Inc. | COMMON STOCK | 302130109 | 123,352 | 2,184,000 | SH | SOLE | 2,184,000 | 0 | 0 | ||
| FedEx Corp. | COMMON STOCK | 31428X106 | 27,166 | 125,000 | SH | SOLE | 125,000 | 0 | 0 | ||
| First American Financial Corp. | COMMON STOCK | 31847R102 | 21,004 | 470,000 | SH | SOLE | 470,000 | 0 | 0 | ||
| First Horizon National Corp. | COMMON STOCK | 320517105 | 90,730 | 5,208,394 | SH | SOLE | 5,208,394 | 0 | 0 | ||
| Fiserv Inc. | COMMON STOCK | 337738108 | 79,521 | 650,000 | SH | SOLE | 650,000 | 0 | 0 | ||
| Fortive Corp. | COMMON STOCK | 34959J108 | 63,997 | 1,010,211 | SH | SOLE | 1,010,211 | 0 | 0 | ||
| Gilead Sciences Inc. | COMMON STOCK | 375558103 | 1,377,693 | 19,464,445 | SH | SOLE | 19,084,413 | 0 | 380,032 | ||
| Hanesbrands Inc. | COMMON STOCK | 410345102 | 76,348 | 3,296,544 | SH | SOLE | 3,296,544 | 0 | 0 | ||
| Hannon Armstrong Sustainable Infrastructue Capital Inc. | COMMON STOCK | 41068X100 | 10,406 | 455,000 | SH | SOLE | 455,000 | 0 | 0 | ||
| Intel Corp. | COMMON STOCK | 458140100 | 861,352 | 25,529,105 | SH | SOLE | 24,851,881 | 0 | 677,224 | ||
| International Business Machines Corp. | COMMON STOCK | 459200101 | 247,974 | 1,612,000 | SH | SOLE | 1,612,000 | 0 | 0 | ||
| Iron Mountain Inc. | COMMON STOCK | 46284V101 | 425,193 | 12,374,647 | SH | SOLE | 12,041,241 | 0 | 333,406 | ||
| Keysight Technologies Inc. | COMMON STOCK | 49338L103 | 311 | 8,000 | SH | SOLE | 8,000 | 0 | 0 | ||
| KLA-Tencor Corporation | COMMON STOCK | 482480100 | 317,014 | 3,464,252 | SH | SOLE | 3,376,337 | 0 | 87,915 | ||
| Lam Research Corp. | COMMON STOCK | 512807108 | 7,072 | 50,000 | SH | SOLE | 50,000 | 0 | 0 | ||
| Mastercard Incorporated | COMMON STOCK | 57636Q104 | 387,621 | 3,191,613 | SH | SOLE | 3,082,581 | 0 | 109,032 | ||
| Mattel Inc. | COMMON STOCK | 577081102 | 179,668 | 8,345,000 | SH | SOLE | 8,345,000 | 0 | 0 | ||
| McCormick & Co. | COMMON STOCK | 579780206 | 248,677 | 2,550,267 | SH | SOLE | 2,488,275 | 0 | 61,992 | ||
| McKesson Corp. | COMMON STOCK | 58155Q103 | 728,721 | 4,428,838 | SH | SOLE | 4,334,987 | 0 | 93,851 | ||
| MDU Resources Group Inc. | COMMON STOCK | 552690109 | 403,265 | 15,391,782 | SH | SOLE | 14,959,516 | 0 | 432,266 | ||
| Micron Technology Inc. | COMMON STOCK | 595112103 | 202,302 | 6,775,000 | SH | SOLE | 6,775,000 | 0 | 0 | ||
| Mondelez International Inc., Class A | COMMON STOCK | 609207105 | 498,571 | 11,543,661 | SH | SOLE | 11,185,807 | 0 | 357,854 | ||
| Motorola Solutions Inc. | COMMON STOCK | 620076307 | 486,441 | 5,608,041 | SH | SOLE | 5,477,564 | 0 | 130,477 | ||
| National Oilwell Varco Inc. | COMMON STOCK | 637071101 | 207,270 | 6,292,348 | SH | SOLE | 6,130,300 | 0 | 162,048 | ||
| Northwest Natural Gas Co. | COMMON STOCK | 667655104 | 23,790 | 397,500 | SH | SOLE | 397,500 | 0 | 0 | ||
| Novartis AG (ADR) | COMMON STOCK | 66987V109 | 665,310 | 7,970,649 | SH | SOLE | 7,790,746 | 0 | 179,903 | ||
| Patterson Companies Inc. | COMMON STOCK | 703395103 | 414,361 | 8,825,571 | SH | SOLE | 8,616,011 | 0 | 209,560 | ||
| PayPal Holdings Inc. | COMMON STOCK | 70450Y103 | 273,709 | 5,099,842 | SH | SOLE | 4,937,928 | 0 | 161,914 | ||
| Pentair plc | COMMON STOCK | G7S00T104 | 616,376 | 9,263,244 | SH | SOLE | 9,009,843 | 0 | 253,401 | ||
| Perrigo Co. plc | COMMON STOCK | G97822103 | 159,121 | 2,107,000 | SH | SOLE | 2,107,000 | 0 | 0 | ||
| Potash Corporation of Saskatchewan Inc. | COMMON STOCK | 73755L107 | 27,710 | 1,700,000 | SH | SOLE | 1,700,000 | 0 | 0 | ||
| PPG Industries Inc. | COMMON STOCK | 693506107 | 259,991 | 2,364,410 | SH | SOLE | 2,288,549 | 0 | 75,861 | ||
| Praxair Inc. | COMMON STOCK | 74005P104 | 849,879 | 6,411,764 | SH | SOLE | 6,232,244 | 0 | 179,520 | ||
| Procter & Gamble Co. | COMMON STOCK | 742718109 | 320,286 | 3,675,107 | SH | SOLE | 3,552,695 | 0 | 122,412 | ||
| Progressive Corp. | COMMON STOCK | 743315103 | 37,477 | 850,000 | SH | SOLE | 850,000 | 0 | 0 | ||
| Public Storage | COMMON STOCK | 74460D109 | 339,977 | 1,630,350 | SH | SOLE | 1,579,494 | 0 | 50,856 | ||
| QUALCOMM Inc. | COMMON STOCK | 747525103 | 265,553 | 4,809,000 | SH | SOLE | 4,809,000 | 0 | 0 | ||
| Redwood Trust Inc. | COMMON STOCK | 758075402 | 18,744 | 1,100,000 | SH | SOLE | 1,100,000 | 0 | 0 | ||
| SEI Investments Co. | COMMON STOCK | 784117103 | 61,963 | 1,152,153 | SH | SOLE | 1,152,153 | 0 | 0 | ||
| Sempra Energy | COMMON STOCK | 816851109 | 376,158 | 3,336,210 | SH | SOLE | 3,239,735 | 0 | 96,475 | ||
| Shaw Communications Inc., Class B | COMMON STOCK | 82028K200 | 86,071 | 3,950,000 | SH | SOLE | 3,950,000 | 0 | 0 | ||
| Sysco Corp. | COMMON STOCK | 871829107 | 310,053 | 6,160,396 | SH | SOLE | 5,971,843 | 0 | 188,553 | ||
| Taiwan Semiconductor Manufacturing Co., Ltd. (ADR) | COMMON STOCK | 874039100 | 262 | 7,500 | SH | SOLE | 7,500 | 0 | 0 | ||
| Teleflex Inc. | COMMON STOCK | 879369106 | 78,949 | 380,000 | SH | SOLE | 380,000 | 0 | 0 | ||
| The Walt Disney Co. | COMMON STOCK | 254687106 | 618,075 | 5,817,181 | SH | SOLE | 5,621,056 | 0 | 196,125 | ||
| Thomson Reuters Corp. | COMMON STOCK | 884903105 | 375,375 | 8,109,196 | SH | SOLE | 7,879,241 | 0 | 229,955 | ||
| Trimble Inc. | COMMON STOCK | 896239100 | 19,619 | 550,000 | SH | SOLE | 550,000 | 0 | 0 | ||
| United Parcel Service Inc., Class B | COMMON STOCK | 911312106 | 712,853 | 6,445,904 | SH | SOLE | 6,293,089 | 0 | 152,815 | ||
| Verisk Analytics Inc. | COMMON STOCK | 92345Y106 | 534,772 | 6,338,417 | SH | SOLE | 6,163,179 | 0 | 175,238 | ||
| VF Corp. | COMMON STOCK | 918204108 | 808,175 | 14,030,812 | SH | SOLE | 13,723,033 | 0 | 307,779 | ||
| Waste Management Inc. | COMMON STOCK | 94106L109 | 397,221 | 5,415,420 | SH | SOLE | 5,243,653 | 0 | 171,767 | ||
| WD-40 Co. | COMMON STOCK | 929236107 | 144,584 | 1,310,233 | SH | SOLE | 1,266,806 | 0 | 43,427 | ||
| Wells Fargo & Co. | COMMON STOCK | 949746101 | 801,602 | 14,466,744 | SH | SOLE | 14,090,497 | 0 | 376,247 | ||
| Whole Foods Market Inc. | COMMON STOCK | 966837106 | 121,698 | 2,890,000 | SH | SOLE | 2,890,000 | 0 | 0 | ||
| Xylem Inc. | COMMON STOCK | 98419M100 | 348,155 | 6,280,991 | SH | SOLE | 6,125,933 | 0 | 155,058 | ||