Instuitional Investor - Kensington Investment Counsel, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Apple Inc.	AAPL	58,376	$12,967,121	5.76%
2.	Microsoft Corp	MSFT	28,481	$10,691,331	4.75%
3.	Watsco Inc	WSO; WSOB	19,149	$9,733,437	4.32%
4.	Abbvie Inc.	ABBV	34,384	$7,204,136	3.2%
5.	Williams Sonoma Inc	WSM	45,436	$7,183,468	3.19%