Instuitional Investor - Kensington Investment Counsel, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Apple Inc.	AAPL	52,634	$9,011,496	5.59%
2.	Microsoft Corp	MSFT	25,846	$8,160,747	5.06%
3.	Watsco Inc	WSO; WSOB	13,819	$5,219,713	3.24%
4.	Williams Sonoma Inc	WSM	57,188	$4,443,508	2.75%
5.	Mccormick & Co Inc	MKC	52,832	$3,996,212	2.48%