Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CNI	CANADIAN NATL RAILWAY	49,774	$4.529M	4.0%	$90.99	—	Common Stock	136375102
NSRGY	NESTLE SA ADR	68,864	$4.487M	3.9%	$65.16	—	Common Stock	641069406
JNJ	JOHNSON & JOHNSON	60,538	$4.245M	3.7%	$70.12	—	Common Stock	478160104
EMR	EMERSON ELECTRIC	76,720	$4.064M	3.6%	$52.97	—	Common Stock	291011104
NVS	NOVARTIS AG ADR	64,008	$4.052M	3.6%	$63.30	—	Common Stock	66987V109
—	3M	43,494	$4.037M	3.5%	$92.82	—	Common Stock	88579y101
PG	PROCTER & GAMBLE	58,448	$3.969M	3.5%	$67.91	—	Common Stock	742718109
—	EXXON MOBIL	45,340	$3.925M	3.4%	$86.57	—	Common Stock	30231g102
CVS	CVS CAREMARK	78,044	$3.775M	3.3%	$48.37	—	Common Stock	126650100
PEP	PEPSICO	50,883	$3.483M	3.1%	$68.45	—	Common Stock	713448108
—	E M C CORP MASS	131,642	$3.33M	2.9%	$25.30	—	Common Stock	268648102
DE	DEERE	38,185	$3.3M	2.9%	$86.42	—	Common Stock	244199105
ATR	APTARGROUP	66,942	$3.196M	2.8%	$47.74	—	Common Stock	038336103
CVX	CHEVRON CORP NEW	29,080	$3.145M	2.8%	$108.15	—	Common Stock	166764100
ADP	AUTOMATIC DATA PROCESSING	53,512	$3.047M	2.7%	$56.94	—	Common Stock	053015103
HD	HOME DEPOT	48,276	$2.986M	2.6%	$61.85	—	Common Stock	437076102
—	ORACLE	89,113	$2.969M	2.6%	$33.32	—	Common Stock	68389x105
—	COVIDIEN	49,713	$2.871M	2.5%	$57.75	—	Common Stock	G2554F113
INTC	INTEL CORP	138,323	$2.851M	2.5%	$20.61	—	Common Stock	458140100
POR	PORTLAND GENL	92,689	$2.536M	2.2%	$27.36	—	Common Stock	736508847
—	NOVOZYMES A S DKK 2.0	89,125	$2.506M	2.2%	$28.12	—	Common Stock	B798FW902
GAUAX	GABELLI UTILITES FUND CLASS A	453,782	$2.487M	2.2%	$5.48	—	Equity Mutual Fu	36240E202
PBA	PEMBINA PIPELINE CO	66,550	$1.906M	1.7%	$28.64	—	Common Stock	706327103
—	ENCANA	93,450	$1.847M	1.6%	$19.76	—	Common Stock	292505104
—	UNITED TECHNOLOGIES	22,119	$1.814M	1.6%	$82.01	—	Common Stock	913017109
SLB	SCHLUMBERGER	23,824	$1.651M	1.4%	$69.30	—	Common Stock	806857108
RHHBY	ROCHE HLDG LTD ADR	32,381	$1.635M	1.4%	$50.49	—	Common Stock	771195104
ABBNY	ABB LTD SPON ADR	76,760	$1.596M	1.4%	$20.79	—	Common Stock	000375204
—	PERRIGO CO	15,162	$1.577M	1.4%	$104.01	—	Common Stock	714290103
MSFT	MICROSOFT CORP	55,530	$1.484M	1.3%	$26.72	—	Common Stock	594918104
—	MASTERCARD	2,999	$1.473M	1.3%	$491.16	—	Common Stock	57636q104
—	CISCO SYS INC	70,628	$1.389M	1.2%	$19.67	—	Common Stock	17275r102
—	GENERAL ELECTRIC	65,190	$1.369M	1.2%	$21.00	—	Common Stock	369604103
—	LIFE TECHNOLOGIES	26,533	$1.301M	1.1%	$49.03	—	Common Stock	53217v109
TEVA	TEVA PHARMACEUTICAL	34,111	$1.274M	1.1%	$37.35	—	Common Stock	881624209
—	DEVON ENERGY	22,314	$1.162M	1.0%	$52.07	—	Common Stock	25179m103
HP	HELMERICH & PAYNE	20,704	$1.159M	1.0%	$55.98	—	Common Stock	423452101
—	MONSANTO	11,705	$1.108M	1.0%	$94.66	—	Common Stock	61166w101
SU	SUNCOR ENERGY	30,470	$1.005M	0.9%	$32.98	—	Common Stock	867224107
—	APOLLO RESIDENTIAL MORTGAGE IN	49,100	$991K	0.9%	$20.18	—	Common Stock	03763V102
—	LABORATORY CORP AMER	11,000	$953K	0.8%	$86.64	—	Common Stock	50540R409
—	NATIONAL GRID PLC	15,100	$867K	0.8%	$57.42	—	Common Stock	636274300
—	XILINX	20,000	$717K	0.6%	$35.85	—	Common Stock	983919101
—	CENOVUS ENERGY	18,350	$615K	0.5%	$33.51	—	Common Stock	15135u109
—	JOHNSON CONTROLS INC	19,947	$611K	0.5%	$30.63	—	Common Stock	478366107
NXPI	NXP SEMICONDUCTORS	22,825	$601K	0.5%	$26.33	—	Common Stock	N6596X109
AEMGX	ACADIAN EMERGING MARKET INSTL	29,020	$557K	0.5%	$19.19	—	Equity Mutual Fu	00758M162
ABT	ABBOTT LABS	8,302	$543K	0.5%	$65.41	—	Common Stock	002824100
—	TWO HARBORS INVESTMENT CORP	47,900	$531K	0.5%	$11.09	—	Common Stock	90187B101
AAPL	APPLE INC	918	$488K	0.4%	$531.59	—	Common Stock	037833100
—	ARMOUR RESIDENTIAL REIT INC	72,730	$471K	0.4%	$6.48	—	Common Stock	042315101
QCOM	QUALCOMM	7,292	$451K	0.4%	$61.85	—	Common Stock	747525103
—	CYS INVESTMENTS INC	36,310	$429K	0.4%	$11.81	—	Common Stock	12673A108
—	ANNALY CAPITAL MGMT	30,500	$428K	0.4%	$14.03	—	Common Stock	035710409
KO	COCA COLA	11,371	$412K	0.4%	$36.23	—	Common Stock	191216100
STT	STATE STREET	8,684	$409K	0.4%	$47.10	—	Common Stock	857477103
ALNY	ALNYLAM PHARMA	20,150	$368K	0.3%	$18.26	—	Common Stock	02043Q107
GLW	CORNING INC	25,600	$324K	0.3%	$12.66	—	Common Stock	219350105
—	ABERDEEN ASIA-PACIFIC (EX-JAPA	25,899	$312K	0.3%	$12.05	—	Equity Mutual Fu	003021698
UNP	UNION PACIFIC	2,418	$304K	0.3%	$125.72	—	Common Stock	907818108
—	BARRICK GOLD	8,000	$280K	0.2%	$35.00	—	Common Stock	067901108
—	DOMINION RES INC	4,920	$255K	0.2%	$51.83	—	Common Stock	25746u109
NVO	NOVO NORDISK A S ADR	1,552	$254K	0.2%	$163.66	—	Common Stock	670100205
IBM	INTL BUSINESS MACH	1,304	$250K	0.2%	$191.72	—	Common Stock	459200101
—	MERCK	5,973	$244K	0.2%	$40.85	—	Common Stock	58933y105
PAAIX	PIMCO ALL ASSEST FD INSTITUTIO	19,365	$244K	0.2%	$12.60	—	Equity Mutual Fu	722005626
—	SCHOONER GROWTH & INCOME FUND	10,940	$240K	0.2%	$21.94	—	Equity Mutual Fu	89833W725
—	QUAKER EVENT ARBITRAGE FUND CL	16,636	$202K	0.2%	$12.14	—	Equity Mutual Fu	746935170