Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	Apple Computer	322,846	$30M	2.9%	$17.88	+4.4%	COM	037833100
RHHBY	Roche Holding AG	729,210	$27.2M	2.7%	$20377.31	—	COM	771195104
JNJ	Johnson & Johnson	242,841	$25.41M	2.5%	$60.05	+21.8%	COM	478160104
SLB	Schlumberger	194,728	$22.97M	2.2%	$54.52	+37.3%	COM	806857108
—	DuPont	337,812	$22.11M	2.2%	$52.50	—	COM	263534109
—	Agilent Technologies	368,528	$21.17M	2.1%	$5471.59	—	COM	00846u101
CMI	Cummins	136,900	$21.12M	2.1%	$84.77	+30.6%	COM	231021106
QCOM	Qualcomm	262,905	$20.82M	2.0%	$45.43	+26.1%	COM	747525103
SPG	Simon Ppty Group New	124,966	$20.78M	2.0%	$85.70	+8.8%	COM	828806109
—	Monsanto	165,517	$20.65M	2.0%	$43124.18	—	COM	61166w101
SBUX	Starbucks	248,738	$19.25M	1.9%	$25.60	+12.8%	COM	855244109
—	National Oilwell Varco	228,295	$18.8M	1.8%	$12728.65	—	COM	637071101
NSRGY	Nestle SA Spons ADR	231,475	$17.98M	1.8%	$14078.34	—	COM	641069406
—	Altera	492,725	$17.13M	1.7%	$10494.25	—	COM	021441100
—	Chilton Realty Income & Growth	1,475,552	$17.06M	1.7%	$11.56	—	COM	46141P420
BMY	Bristol-Myers Squibb	343,350	$16.66M	1.6%	$35.58	-5.8%	COM	110122108
—	Chicago Bridge & Iron	235,729	$16.08M	1.6%	$61.99	—	COM	167250109
—	Costco Wholesale	139,205	$16.03M	1.6%	$18169.17	—	COM	22160k105
—	Exxon Mobil	154,244	$15.53M	1.5%	$90.35	—	COM	30231g102
WFC	Wells Fargo	289,452	$15.21M	1.5%	$27.40	+32.5%	COM	949746101
PG	Procter & Gamble	188,216	$14.79M	1.4%	$55.02	+5.9%	COM	742718109
EBAY	eBay	294,321	$14.73M	1.4%	$20.14	-3.7%	COM	278642103
SPY	Standard & Poors Depository Re	75,234	$14.72M	1.4%	$47131.79	—	COM	78462F103
META	Facebook Inc Class A	197,361	$13.28M	1.3%	$25.44	+140.1%	COM	30303M102
BRKR	Bruker	540,907	$13.13M	1.3%	$16.64	+25.3%	COM	116794108
CSL	Carlisle Cos Inc	148,705	$12.88M	1.3%	$57.37	+25.2%	COM	142339100
—	EOG Resources	109,383	$12.78M	1.2%	$9321.96	—	COM	26875p101
HXL	Hexcel	302,621	$12.38M	1.2%	$35.27	+18.0%	COM	428291108
PII	Polaris Industries Inc.	93,835	$12.22M	1.2%	$101.33	+30.7%	COM	731068102
FMC	FMC Corp	169,825	$12.09M	1.2%	$43.61	+16.7%	COM	302491303
—	Cameron International	177,533	$12.02M	1.2%	$53133.90	—	COM	13342B105
—	Alere	294,811	$11.03M	1.1%	$4046.57	—	COM	01449j105
—	Sovran Self Storage Inc.	141,903	$10.96M	1.1%	$1709.50	—	COM	84610H108
AVB	Avalonbay Cmntys Inc	75,367	$10.72M	1.0%	$88.06	+6.6%	COM	053484101
—	Verizon	217,921	$10.66M	1.0%	$40306.29	—	COM	92343v104
—	Novartis AG ADR	115,763	$10.48M	1.0%	$21403.06	—	COM	66987v109
—	Dow Chemical	194,852	$10.03M	1.0%	$2354.59	—	COM	260543103
CPT	Camden Property Trust	137,460	$9.78M	1.0%	$42.33	+4.2%	COM	133131102
BXP	Boston Properties Inc	82,458	$9.745M	1.0%	$64.62	+12.8%	COM	101121101
BWA	BorgWarner	147,357	$9.606M	0.9%	$34.15	+36.1%	COM	099724106
EL	Estee Lauder	126,310	$9.38M	0.9%	$63.41	0.0%	COM	518439104
GILD	Gilead Sciences	110,765	$9.184M	0.9%	$54.46	-0.7%	COM	375558103
—	General Electric	348,188	$9.15M	0.9%	$23952.86	—	COM	369604103
MAC	Macerich Company	131,629	$8.786M	0.9%	$3451.27	—	COM	554382101
MSFT	Microsoft	208,633	$8.7M	0.8%	$26.70	+27.2%	COM	594918104
VNO	Vornado Realty Trust	79,187	$8.452M	0.8%	$3954.69	—	COM	929042109
—	American Tower Corp Cl A	93,585	$8.42M	0.8%	$10752.78	—	COM	03027x100
HAL	Halliburton	116,883	$8.3M	0.8%	$33.21	+55.0%	COM	406216101
—	Cerner	160,245	$8.265M	0.8%	$51.58	—	COM	156782104
—	Extra Space Storage Inc	153,808	$8.19M	0.8%	$9157.30	—	COM	30225t102
—	Google Cl C	13,980	$8.042M	0.8%	$575.25	—	COM	38259p706
CVS	CVS	103,301	$7.786M	0.8%	$41.46	+32.4%	COM	126650100
—	Spirit Airlines Inc	121,695	$7.696M	0.8%	$29615.82	—	COM	848577102
EMR	Emerson Electric	115,941	$7.694M	0.8%	$40.69	+20.7%	COM	291011104
ESS	Essex Property Trust	40,209	$7.435M	0.7%	$114.83	+6.1%	COM	297178105
OSK	Oshkosh Truck Corp	133,380	$7.407M	0.7%	$45.64	+1.0%	COM	688239201
—	Goldman Sachs	43,213	$7.236M	0.7%	$29839.25	—	COM	38141g104
WM	Waste Management	161,046	$7.204M	0.7%	$30.75	+11.6%	COM	94106L109
—	Google Cl A	12,243	$7.158M	0.7%	$133020.02	—	COM	38259p508
—	AmREIT Inc Cl B	374,875	$6.86M	0.7%	$3370.20	—	COM	03216B208
—	Hersha Hospitality Trust	1,022,126	$6.858M	0.7%	$847.43	—	COM	427825104
DEI	Douglas Emmett Inc	240,989	$6.801M	0.7%	$4310.82	—	COM	25960P109
EGP	Eastgroup Ppty MD Corp	105,101	$6.751M	0.7%	$8760.25	—	COM	277276101
KO	Coca Cola	159,207	$6.744M	0.7%	$27.85	+0.9%	COM	191216100
UDR	UDR Inc Com	235,029	$6.729M	0.7%	$16.05	+11.4%	COM	902653104
—	Taubman Centers Inc	82,797	$6.277M	0.6%	$12611.03	—	COM	876664103
—	Merck	106,539	$6.163M	0.6%	$6436.04	—	COM	58933y105
—	Starwood Htls & Resorts	69,507	$5.617M	0.5%	$65.35	—	COM	85590A401
TSCO	Tractor Supply	91,747	$5.542M	0.5%	$9.52	+16.6%	COM	892356106
PEP	Pepsico	61,631	$5.506M	0.5%	$56.00	+8.8%	COM	713448108
SRE	Sempra Energy	51,345	$5.376M	0.5%	$27.60	+25.4%	COM	816851109
—	Varian Medical Systems	64,285	$5.345M	0.5%	$6059.10	—	COM	92220p105
PLD	Prologis	116,080	$4.77M	0.5%	$27.71	+4.9%	COM	74340W103
TMO	Thermo Fisher Scientific	39,800	$4.696M	0.5%	$83.75	+35.5%	COM	883556102
—	Coresite Realty Corp	134,527	$4.449M	0.4%	$4132.85	—	COM	21870q105
—	Weingarten Realty Investors	133,030	$4.369M	0.4%	$5647.14	—	COM	948741103
DLR	Digital Realty Trust Inc	74,520	$4.346M	0.4%	$36.58	-1.0%	COM	253868103
—	BE Aerospace	46,909	$4.339M	0.4%	$63.08	—	COM	073302101
CFR	Cullen Frost Bankers	52,645	$4.181M	0.4%	$43.57	+25.7%	COM	229899109
—	Glimcher Realty Trust	378,585	$4.1M	0.4%	$1313.07	—	COM	379302102
HST	Host Hotels & Resorts	186,021	$4.094M	0.4%	$11.39	+18.2%	COM	44107P104
SBR	Sabine Royalty Trust	66,990	$4.06M	0.4%	$48046.12	—	COM	785688102
WAT	Waters	37,938	$3.962M	0.4%	$97.03	+8.4%	COM	941848103
—	Kite Realty Group Trust	633,745	$3.891M	0.4%	$1375.19	—	COM	49803T102
WMT	Wal-Mart	48,920	$3.672M	0.4%	$19.98	+2.7%	COM	931142103
—	Western Gas Partners LP	45,662	$3.492M	0.3%	$64.88	—	COM	958254104
—	Hudson Pac Property Inc	135,050	$3.422M	0.3%	$14723.24	—	COM	444097109
—	BB&T	83,610	$3.297M	0.3%	$28461.84	—	COM	054937107
—	NuStar Energy LP	52,875	$3.279M	0.3%	$4617.15	—	COM	67058h102
—	Cyrusone Inc	130,870	$3.259M	0.3%	$8921.72	—	COM	23283R100
—	Cree Inc Com	63,068	$3.15M	0.3%	$5268.20	—	COM	225447101
BAC	Bank of America	203,278	$3.124M	0.3%	$10.44	+17.2%	COM	060505104
ELME	Washington Real Estate Inv Tru	115,425	$2.999M	0.3%	$25.98	—	COM	939653101
SKT	Tanger Factory Outlet	84,708	$2.962M	0.3%	$25395.39	—	COM	875465106
—	Duke Realty Invts	158,970	$2.887M	0.3%	$9395.43	—	COM	264411505
EPD	Enterprise Products Partners	35,019	$2.742M	0.3%	$65.26	—	COM	293792107
RCI	Rogers	65,716	$2.645M	0.3%	$46.12	-12.2%	COM	775109200
VXF	Vanguard Extended Market	30,034	$2.635M	0.3%	$19774.10	—	COM	922908652
—	General Growth Pptys	110,985	$2.615M	0.3%	$23.56	—	COM	370023103
—	Cousins Properties	205,030	$2.553M	0.2%	$7309.28	—	COM	222795106
MMM	3M	17,307	$2.479M	0.2%	$61.26	+32.3%	COM	88579Y101
—	Cyberonics	32,395	$2.023M	0.2%	$51.96	—	COM	23251P102
EFA	IShares MSCI EAFE Index Fund	28,272	$1.933M	0.2%	$9253.55	—	COM	464287465
—	Xilinx	38,775	$1.834M	0.2%	$2311.22	—	COM	983919101
—	Select Sector Spdr Health Care	27,424	$1.668M	0.2%	$13805.10	—	COM	81369y209
HSY	Hershey	16,750	$1.631M	0.2%	$68.66	+8.3%	COM	427866108
—	Select Sector Spdr Energy	16,068	$1.608M	0.2%	$24291.96	—	COM	81369y506
—	Select Sector Spdr Industrial	29,721	$1.607M	0.2%	$13235.21	—	COM	81369y704
—	Magellan Midstream Partners LP	18,940	$1.592M	0.2%	$1219.69	—	COM	559080106
—	Select Sector Spdr Financial	68,992	$1.569M	0.2%	$5618.07	—	COM	81369y605
—	Select Sector Spdr Materials	31,603	$1.569M	0.2%	$12444.31	—	COM	81369y100
—	Select Sector Spdr Consumer Di	23,468	$1.566M	0.2%	$12060.01	—	COM	81369y407
—	Select Sector Spdr Technology	40,722	$1.562M	0.2%	$9798.43	—	COM	81369y803
—	Select Sector Spdr Utilities	33,989	$1.504M	0.1%	$11363.65	—	COM	81369y886
—	Select Sector Spdr Consumer St	32,762	$1.462M	0.1%	$11865.78	—	COM	81369y308
BP	BP PLC ADR	25,711	$1.356M	0.1%	$41.97	—	COM	055622104
—	Teco Energy	72,844	$1.346M	0.1%	$11710.22	—	COM	872375100
CVX	Chevron	8,644	$1.128M	0.1%	$71.41	+6.3%	COM	166764100
—	United Technologies	9,747	$1.125M	0.1%	$1902.83	—	COM	913017109
—	Diageo PLC-Sponsored ADR	8,300	$1.056M	0.1%	$114.97	—	COM	25243q205
—	Washington Prime Group Inc	55,630	$1.043M	0.1%	$18.75	—	COM	939647103
—	Health Care REIT Inc	16,576	$1.039M	0.1%	$67.03	—	COM	42217K106
—	Vodafone PLC ADR	29,513	$985K	0.1%	$31956.49	—	COM	92857w308
—	Royal Dutch Shell Cl-A ADR	11,366	$936K	0.1%	$64.45	—	COM	780259206
PM	Philip Morris	10,216	$861K	0.1%	$49.82	-3.2%	COM	718172109
BRK/B	Berkshire Hathaway Inc Cl B	6,709	$849K	0.1%	$114.63	+10.4%	COM	084670702
—	JP Morgan Chase	14,253	$821K	0.1%	$53.91	—	COM	46625h100
VWO	Vanguard Emerging Market	18,438	$795K	0.1%	$9073.03	—	COM	922042858
—	Nordic American Tanker Shippin	79,110	$754K	0.1%	$1571.90	—	COM	g65773106
PFE	Pfizer	25,096	$745K	0.1%	$16.46	+6.6%	COM	717081103
—	Laboratory Crp of Amer	7,000	$717K	0.1%	$102.43	—	COM	50540r409
—	Globalstar Inc	130,000	$553K	0.1%	$876.28	—	COM	378973408
—	Unilever	11,460	$519K	0.1%	$41.44	—	COM	904767704
BF/B	Brown-Forman Corp Class B	4,991	$470K	0.0%	$25.39	+18.0%	COM	115637209
NVO	Novo Nordisk A.S.	10,000	$462K	0.0%	$36551.00	—	COM	670100205
—	Altria	10,795	$453K	0.0%	$35.08	—	COM	02209s103
APD	Air Products & Chemicals	3,304	$425K	0.0%	$61.55	+36.3%	COM	009158106
SO	The Southern Co.	8,777	$398K	0.0%	$26.97	0.0%	COM	842587107
—	Canadian Oil Sands	17,307	$393K	0.0%	$22.71	—	COM	13643e105
AXP	American Express	4,128	$392K	0.0%	$59.62	+28.1%	COM	025816109
NWE	NorthWestern Corp	7,431	$388K	0.0%	$25.23	+19.0%	COM	668074305
EPR	EPR Properties	6,420	$359K	0.0%	$41184.58	—	COM	26884U109
—	CVR Partners LP	17,675	$330K	0.0%	$22.71	—	COM	126633106
—	AT&T	8,600	$304K	0.0%	$5782.05	—	COM	00206r102
—	Mastercard Inc Cl A	4,090	$300K	0.0%	$67287.38	—	COM	57636q104
DHR	Danaher	3,167	$249K	0.0%	$25.01	+24.4%	COM	235851102
CAT	Caterpillar	2,262	$246K	0.0%	$61.55	+26.8%	COM	149123101
DIS	Disney	2,783	$239K	0.0%	$56.11	+30.9%	COM	254687106
OXY	Occidental Petroleum	2,317	$238K	0.0%	$66.18	0.0%	COM	674599105
—	Hilton Worldwide Holdings	10,000	$233K	0.0%	$23.30	—	COM	43300a104
CAG	ConAgra Foods	7,750	$230K	0.0%	$17.69	-7.8%	COM	205887102
PAA	Plains All American Pipeline L	3,646	$219K	0.0%	$60.07	—	COM	726503105
—	Kinder Morgan Energy Prtnrs LP	2,666	$219K	0.0%	$82.15	—	COM	494550106
—	Transcanada	4,500	$215K	0.0%	$43.11	—	COM	89353D107
MS	Morgan Stanley	6,400	$207K	0.0%	$22.71	0.0%	COM	617446448
ORCL	Oracle Systems	5,111	$207K	0.0%	$27.58	+25.7%	COM	68389X105
NKE	Nike Cl B	2,634	$204K	0.0%	$32.14	0.0%	COM	654106103
—	FS Investment Corp	14,954	$159K	0.0%	$10.63	—	COM	302635107
FOLGF	Falcon Oil & Gas	557,500	$93,000	0.0%	$0.21	-27.9%	COM	306071101
—	Dendreon Corp	35,000	$81,000	0.0%	$643.82	—	COM	24823Q107
—	Molycorp	27,000	$69,000	0.0%	$6.20	—	COM	608753109
—	Sunesis Pharmaceuticals	10,000	$65,000	0.0%	$5.20	—	COM	867328601
—	Western Asset Mgd High Yld Inc	10,000	$58,000	0.0%	$5660.00	—	COM	95766L107
—	Resaca Eploitation Inc	136,628	$0	0.0%	—	—	COM	76083g302