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
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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
3M Company COM 88579Y101 17,594 83,498 SH   SOLE   83,498 0 0
AT&T Inc. COM 00206R102 45,936 1,367,945 SH   SOLE   1,367,945 0 0
Activision Blizzard COM 00507V109 17,782 213,757 SH   SOLE   213,757 0 0
Albemarle Corp. COM 012653101 8,325 83,437 SH   SOLE   83,437 0 0
Alphabet Inc - C W/I COM 02079K107 15,979 13,389 SH   SOLE   13,389 0 0
Alphabet Inc. Class A COM 02079K305 21,030 17,422 SH   SOLE   17,422 0 0
Amazon.com, Inc. COM 023135106 33,674 16,812 SH   SOLE   16,812 0 0
Apple Inc. COM 037833100 22,935 101,599 SH   SOLE   101,599 0 0
Baker Hughes A GE Co. COM 05722G100 11,098 328,046 SH   SOLE   328,046 0 0
Berkshire Hathaway Inc. COM 084670702 8,069 37,685 SH   SOLE   37,685 0 0
Biogen Idec Inc. COM 09062X103 16,765 47,451 SH   SOLE   47,451 0 0
Booking Holdings Inc. COM 09857L108 813 410 SH   SOLE   410 0 0
Boston Scientific Corp. COM 101137107 12,694 329,717 SH   SOLE   329,717 0 0
Broadcom Ltd. COM US11135F1 23,794 96,437 SH   SOLE   96,437 0 0
Cadiz Inc. ( COM 127537207 1,550 139,030 SH   SOLE   139,030 0 0
Charles Schwab Corp. COM 808513105 3,269 66,503 SH   SOLE   66,503 0 0
Cheniere Energy Inc. COM 16411R208 7,073 101,779 SH   SOLE   101,779 0 0
Chevron Corp. COM 166764100 19,029 155,618 SH   SOLE   155,618 0 0
Chubb Corp. COM CH0044328 14,995 112,201 SH   SOLE   112,201 0 0
Cigna Group COM 125509109 25,681 123,317 SH   SOLE   123,317 0 0
Citigroup Inc. COM 172967424 15,324 213,604 SH   SOLE   213,604 0 0
Citizens Financial Group COM 174610105 14,179 367,626 SH   SOLE   367,626 0 0
Coca-Cola Company COM 191216100 24,987 540,971 SH   SOLE   540,971 0 0
Community Healthcare Trust COM 20369C106 4,158 134,200 SH   SOLE   134,200 0 0
D.R. Horton Inc. COM 23331A109 8,201 194,427 SH   SOLE   194,427 0 0
Danaher Corp COM 235851102 2,095 19,279 SH   SOLE   19,279 0 0
Devon Energy Corp. COM 25179M103 11,409 285,655 SH   SOLE   285,655 0 0
Digital Realty 25386 COM 253868103 22,031 195,870 SH   SOLE   195,870 0 0
Discover Financial Services COM 254709108 15,143 198,078 SH   SOLE   198,078 0 0
Dominion Resources COM 25746U109 17,922 255,007 SH   SOLE   255,007 0 0
EOG Resources Inc. COM 26875P101 1,150 9,017 SH   SOLE   9,017 0 0
Eagle Materials COM 26969P108 11,654 136,715 SH   SOLE   136,715 0 0
Evolus Inc. COM 30052C107 931 50,000 SH   SOLE   50,000 0 0
Facebook 30303 COM 30303M102 37,080 225,468 SH   SOLE   225,468 0 0
Gilead Sciences Inc. COM 375558103 25,335 328,125 SH   SOLE   328,125 0 0
Goldman Sachs Group COM 38141G104 10,094 45,014 SH   SOLE   45,014 0 0
Halliburton COM 406216101 500 12,335 SH   SOLE   12,335 0 0
Home Depot Inc. COM 437076102 31,099 150,127 SH   SOLE   150,127 0 0
Honeywell International Inc. COM 438516106 29,825 179,235 SH   SOLE   179,235 0 0
Humana Inc. COM 444859102 17,820 52,642 SH   SOLE   52,642 0 0
Illumina Inc. COM 452327109 12,374 33,712 SH   SOLE   33,712 0 0
Jefferies Financial Group Inc COM 47233W109 10,690 486,796 SH   SOLE   486,796 0 0
Kansas City Southern COM 485170302 17,760 156,783 SH   SOLE   156,783 0 0
Laboratory Corp of America Hol COM 50540R409 15,889 91,482 SH   SOLE   91,482 0 0
Laredo Petroleum Inc. COM 516806106 4,040 494,443 SH   SOLE   494,443 0 0
Lennar Corp.-CL A COM 526057104 10,995 235,490 SH   SOLE   235,490 0 0
Lennar Corp.-CL B COM 526057302 3,956 102,752 SH   SOLE   102,752 0 0
M & T Bank Corp. COM 55261F104 19,362 117,671 SH   SOLE   117,671 0 0
Marsh & McLennan Co. COM 571748102 19,042 230,200 SH   SOLE   230,200 0 0
Martin Marietta Mat COM 573284106 8,697 47,800 SH   SOLE   47,800 0 0
Medtronic Plc COM IE00BTN1Y 1,606 16,329 SH   SOLE   16,329 0 0
Merck & Co. Inc. COM 58933Y105 27,405 386,312 SH   SOLE   386,312 0 0
Micron Technology COM 595112103 24,156 534,077 SH   SOLE   534,077 0 0
Microsoft Corp. COM 594918104 64,388 562,980 SH   SOLE   562,980 0 0
Mondelez International INC-A COM 609207105 32,977 767,630 SH   SOLE   767,630 0 0
Netflix COM 64110L106 7,501 20,050 SH   SOLE   20,050 0 0
Nextera Energy Inc. COM 65339F101 7,324 43,700 SH   SOLE   43,700 0 0
Nike Inc. COM 654106103 14,327 169,112 SH   SOLE   169,112 0 0
Nisource Inc. COM 65473P105 13,229 530,861 SH   SOLE   530,861 0 0
Nomad Foods Ltd. COM VGG6564A1 9,892 488,234 SH   SOLE   488,234 0 0
Palo Alto Networks Inc. COM 697435105 12,210 54,205 SH   SOLE   54,205 0 0
Pepsico Inc. COM 713448108 14,655 131,078 SH   SOLE   131,078 0 0
Pfizer Inc. COM 717081103 2,250 51,051 SH   SOLE   51,051 0 0
Procter & Gamble Co. COM 742718109 9,720 116,779 SH   SOLE   116,779 0 0
Quanta Services Inc. COM 74762E102 14,016 419,878 SH   SOLE   419,878 0 0
S&P Global Inc. COM 78409V104 1,929 9,872 SH   SOLE   9,872 0 0
SPDR S&P 500 ETF TRUST COM 78462F103 967,882 3,329,258 SH   SOLE   3,329,258 0 0
Saratoga Resources, Inc. ( COM 803521103 16 780,483 SH   SOLE   780,483 0 0
Schlumberger Ltd. COM 806857108 7,479 122,763 SH   SOLE   122,763 0 0
Splunk Inc. COM 848637104 8,383 69,334 SH   SOLE   69,334 0 0
Stryker Corp. COM 863667101 356 2,004 SH   SOLE   2,004 0 0
T-Mobile US Inc COM 872590104 9,824 139,981 SH   SOLE   139,981 0 0
TJX Companies COM 872540109 29,633 264,532 SH   SOLE   264,532 0 0
Thermo Fisher Scientific Inc COM 883556102 21,416 87,741 SH   SOLE   87,741 0 0
Ulta Beauty Inc. COM 90384S303 5,317 18,845 SH   SOLE   18,845 0 0
United Technologies Corp. COM 913017109 16,592 118,673 SH   SOLE   118,673 0 0
Vanguard Developed Markets ETF COM 921943858 606,601 14,018,976 SH   SOLE   14,018,976 0 0
Vanguard Emerging Markets ETF COM 922042858 215,520 5,256,581 SH   SOLE   5,256,581 0 0
Visa Inc 'A' COM 92826C839 11,832 78,834 SH   SOLE   78,834 0 0
Wabco Holdings Inc. COM 92927K102 7,045 59,731 SH   SOLE   59,731 0 0
Wal-Mart Stores Inc. COM 931142103 460 4,896 SH   SOLE   4,896 0 0
Alibaba Group Holding Ltd 0160 GDR 01609W102 6,889 41,811 SH   SOLE   41,811 0 0
Samsung Electronics GDR 796050 GDR 796050888 2,687 2,566 SH   SOLE   2,566 0 0
Sogou Inc. (S GDR 83409V104 2,144 288,569 SH   SOLE   288,569 0 0
Taiwan Semiconductor ADR 87403 GDR 874039100 1,929 43,688 SH   SOLE   43,688 0 0