Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
COST	COSTCO WHOLESALE	176,335	$19.69M	4.0%	$88.24	+3.5%	COMMON	22160K105
HON	HONEYWELL INTERNATIONAL INC.	203,257	$18.85M	3.8%	$55.37	+16.9%	COMMON	438516106
MMM	3M COMPANY	131,924	$17.9M	3.6%	$64.42	+18.4%	COMMON	88579Y101
JNJ	JOHNSON & JOHNSON	182,092	$17.89M	3.6%	$61.56	+8.2%	COMMON	478160104
—	ANADARKO PETROLEUM	207,874	$17.62M	3.6%	$86.65	—	COMMON	032511107
VZ	VERIZON COMMUNICATIONS	345,111	$16.42M	3.3%	$26.78	-3.4%	COMMON	92343V104
DIS	WALT DISNEY	197,800	$15.84M	3.2%	$56.75	+22.8%	COMMON	254687106
IBM	INTL BUSINESS MACHINES	79,018	$15.21M	3.1%	$116.36	-6.1%	COMMON	459200101
EMR	EMERSON ELECTRIC	212,167	$14.17M	2.9%	$41.69	+14.6%	COMMON	291011104
SLB	SCHLUMBERGER LIMITED	141,383	$13.79M	2.8%	$55.79	+17.4%	COMMON	806857108
PG	PROCTER & GAMBLE	158,900	$12.81M	2.6%	$55.35	+2.1%	COMMON	742718109
AWK	AMERICAN WATER WORKS	268,470	$12.19M	2.5%	$32.26	+5.6%	COMMON	030420103
AAPL	APPLE COMPUTER INC	22,313	$11.98M	2.4%	$13.42	+23.6%	COMMON	037833100
NSRGY	NESTLE SA REP RG SH ADR	156,887	$11.8M	2.4%	$66.13	—	COMMON	641069406
CAT	CATERPILLAR	116,637	$11.59M	2.4%	$63.03	+10.6%	COMMON	149123101
DVN	DEVON ENERGY CORPORATION	170,767	$11.43M	2.3%	$38.04	+9.6%	COMMON	25179M103
—	GOOGLE INC-CL C	9,592	$10.69M	2.2%	$1114.47	—	COMMON	38259P706
—	UNITED TECHNOLOGIES	87,630	$10.24M	2.1%	$95.14	—	COMMON	913017109
—	CRESCENT POINT ENERGY CORP	270,195	$9.865M	2.0%	$35.03	—	COMMON	22576C101
—	BUCKEYE PARTNERS LP	128,231	$9.624M	2.0%	$70.13	—	COMMON	118230101
—	UNILEVER N.V. NY SHRS	230,198	$9.466M	1.9%	$39.17	—	COMMON	904784709
ABBV	ABBVIE INC	175,475	$9.019M	1.8%	$26.60	+18.4%	COMMON	00287Y109
QCOM	QUALCOMM	113,995	$8.99M	1.8%	$45.10	+19.8%	COMMON	747525103
—	WESTAR ENERGY INC.	252,017	$8.86M	1.8%	$31.73	—	COMMON	95709T100
—	CHICAGO BRIDGE & IRON CO NV	96,701	$8.428M	1.7%	$63.89	—	COMMON	167250109
ABT	ABBOTT LABORATORIES	216,707	$8.345M	1.7%	$29.16	+5.4%	COMMON	002824100
CVX	CHEVRON CORP.	63,543	$7.556M	1.5%	$71.39	-1.4%	COMMON	166764100
—	GENERAL ELECTRIC	280,347	$7.258M	1.5%	$23.19	—	COMMON	369604103
—	GOLDCORP	282,417	$6.913M	1.4%	$24.85	—	COMMON	380956409
—	KINDER MORGAN ENERGY PRTNRS L.P.	91,695	$6.781M	1.4%	$84.18	—	COMMON	494550106
WMT	WAL-MART STORES	79,825	$6.101M	1.2%	$19.98	-0.4%	COMMON	931142103
TMO	THERMO FISHER SCIENTIFIC	50,173	$6.033M	1.2%	$84.53	+35.4%	COMMON	883556102
AEM	AGNICO-EAGLE MINES LTD	199,344	$6.03M	1.2%	$25.13	+2.2%	COMMON	008474108
PAA	PLAINS ALL AMER PIPELINE	103,268	$5.693M	1.2%	$55.09	—	COMMON	726503105
KMB	KIMBERLY CLARK	51,548	$5.683M	1.2%	$65.22	+6.4%	COMMON	494368103
—	BARRICK GOLD	314,920	$5.615M	1.1%	$16.32	—	COMMON	067901108
MRK	MERCK	88,744	$5.038M	1.0%	$30.02	+19.1%	COMMON	58933Y105
RRC	RANGE RESOURCES CORP	58,700	$4.87M	1.0%	$76.33	+11.5%	COMMON	75281A109
—	RAYTHEON	48,219	$4.763M	1.0%	$89.80	—	COMMON	755111507
—	ENCANA CORP.	217,224	$4.645M	0.9%	$18.13	—	COMMON	292505104
BA	BOEING	35,505	$4.455M	0.9%	$103.59	+7.8%	COMMON	097023105
—	BREITBURN ENERGY PARTNERS LP	209,700	$4.188M	0.9%	$20.01	—	COMMON	106776107
SIEGY	SIEMENS AG-SPONS ADR	30,035	$4.059M	0.8%	$130.85	—	COMMON	826197501
NFG	NATIONAL FUEL GAS CO	57,150	$4.003M	0.8%	$62.26	+17.5%	COMMON	636180101
ABBNY	ABB LTD-SPON ADR	138,830	$3.58M	0.7%	$25.79	—	COMMON	000375204
T	A T & T INC.	88,924	$3.118M	0.6%	$11.04	-1.7%	COMMON	00206R102
DUK	DUKE ENERGY CORP	40,607	$2.892M	0.6%	$41.48	+2.8%	COMMON	26441C204
CMI	CUMMINS	17,213	$2.564M	0.5%	$96.68	+4.8%	COMMON	231021106
—	ENERGY TRANSFER PARTNERS LP	47,650	$2.563M	0.5%	$53.55	—	COMMON	29273R109
—	MAGELLAN MIDSTREAM PARTNERS, LP.	35,489	$2.475M	0.5%	$59.38	—	COMMON	559080106
XOM	EXXON MOBIL	24,463	$2.39M	0.5%	$53.69	+8.2%	COMMON	30231G102
SO	SOUTHERN	50,083	$2.201M	0.4%	$25.57	-1.2%	COMMON	842587107
KGC	KINROSS GOLD CORP.	491,196	$2.033M	0.4%	$5.61	-14.5%	COMMON	496902404
—	PLUM CREEK TIMBER CO	45,504	$1.913M	0.4%	$42.90	—	COMMON	729251108
RIG	TRANSOCEAN LTD	38,635	$1.597M	0.3%	$46.00	-5.5%	COMMON	H8817H100
HAL	HALLIBURTON	24,123	$1.421M	0.3%	$34.95	+22.4%	COMMON	406216101
RYN	RAYONIER	27,216	$1.249M	0.3%	$45.89	—	COMMON	754907103
NOC	NORTHROP GRUMMAN	9,396	$1.159M	0.2%	$62.64	+55.1%	COMMON	666807102
BRK/A	BERKSHIRE HATHAWAY - CL A	6	$1.124M	0.2%	$165023.42	+6.4%	COMMON	084670108
KO	COCA COLA	27,978	$1.082M	0.2%	$27.85	-4.7%	COMMON	191216100
NEE	NEXTERA ENERGY, INC.	9,730	$931K	0.2%	$14.93	+10.9%	COMMON	65339F101
KMPR	KEMPER	23,160	$907K	0.2%	$32.74	+17.4%	COMMON	488401100
PBR	PETROLEO BRASILEIRO S.A.-ADR	65,288	$858K	0.2%	$13.56	—	COMMON	71654V408
EPD	ENTERPRISE PRODUCT PARTNERS L.P.	12,158	$843K	0.2%	$62.10	—	COMMON	293792107
PCH	POTLATCH CORP.	19,886	$769K	0.2%	$38.67	—	COMMON	737630103
AXP	AMERICAN EXPRESS	8,505	$766K	0.2%	$60.50	+24.8%	COMMON	025816109
—	SOVRAN SELF STORAGE INC	10,352	$760K	0.2%	$73.42	—	COMMON	84610H108
EOG	EOG RESOURCES INC	3,752	$736K	0.1%	$46.84	+38.4%	COMMON	26875P101
AMGN	AMGEN INC	5,614	$692K	0.1%	$76.59	+13.5%	COMMON	031162100
—	VALE SA-SP ADR	49,314	$682K	0.1%	$13.83	—	COMMON	91912E109
—	CELGENE	4,800	$670K	0.1%	$129.86	—	COMMON	151020104
—	SENIOR HOUSING PROP TRUST	29,016	$652K	0.1%	$22.83	—	COMMON	81721M109
NEM	NEWMONT MINING	27,360	$641K	0.1%	$25.34	-27.3%	COMMON	651639106
—	NATIONAL OILWELL VARCO	8,035	$626K	0.1%	$73.76	—	COMMON	637071101
PEP	PEPSICO	7,180	$600K	0.1%	$56.46	+0.7%	COMMON	713448108
BAC	BANK OF AMERICA CORP	33,025	$568K	0.1%	$10.03	+32.2%	COMMON	060505104
COP	CONOCOPHILLIPS	7,500	$528K	0.1%	$42.44	+7.0%	COMMON	20825C104
—	CAN REAL ESTATE INVEST TRUST	13,132	$527K	0.1%	$40.13	—	COMMON	13650J104
—	ALLERGAN	4,200	$521K	0.1%	$86.76	—	COMMON	001849010
—	ENBRIDGE ENERGY PARTNERS LP	18,680	$512K	0.1%	$30.51	—	COMMON	29250R106
—	INTEGRYS ENERGY GROUP INC	8,241	$492K	0.1%	$58.50	—	COMMON	45822P105
MSFT	MICROSOFT	11,770	$482K	0.1%	$26.85	+16.4%	COMMON	594918104
VTR	VENTAS INC	7,756	$470K	0.1%	$41.21	0.0%	COMMON	92276F100
—	CENTRAL GOLDTRUST	9,910	$448K	0.1%	$43.33	—	COMMON	153546106
SRE	SEMPRA ENERGY	4,555	$441K	0.1%	$27.60	+16.7%	COMMON	816851109
IEP	ICAHN ENTERPRISES LP	4,200	$431K	0.1%	$102.62	—	COMMON	451100101
MCK	McKESSON	2,400	$424K	0.1%	$160.13	0.0%	COMMON	58155Q103
—	H&R REAL ESTATE INV-REIT UTS	20,375	$423K	0.1%	$20.76	—	COMMON	404428203
—	ALLEGHENY TECH	11,146	$420K	0.1%	$26.29	—	COMMON	001741R10
CW	CURTISS-WRIGHT	6,016	$382K	0.1%	$32.35	+83.5%	COMMON	231561101
GS	GOLDMAN SACHS	2,300	$377K	0.1%	$130.68	+2.3%	COMMON	38141G104
BIDU	BAIDU INC - SPON ADR	2,365	$360K	0.1%	$152.22	—	COMMON	056752108
—	AQUA AMERICA INC.	14,338	$359K	0.1%	$29.12	—	COMMON	03836W103
BMY	BRISTOL-MYERS SQUIBB	6,704	$348K	0.1%	$34.85	+3.1%	COMMON	110122108
WFC	WELLS FARGO & CO.	6,834	$340K	0.1%	$27.36	+22.1%	COMMON	949746101
—	DU PONT (E.I.) DE NEMOURS	5,000	$336K	0.1%	$67.20	—	COMMON	263534109
OXY	OCCIDENTAL PETROLEUM	3,516	$335K	0.1%	$59.15	+5.6%	COMMON	674599105
—	APACHE	4,000	$332K	0.1%	$83.88	—	COMMON	037411105
PFE	PFIZER	9,886	$318K	0.1%	$16.46	+10.6%	COMMON	717081103
PSA	PUBLIC STORAGE INC.	1,850	$312K	0.1%	$100.16	+2.2%	COMMON	74460D109
—	TELEDYNE	3,184	$310K	0.1%	$77.26	—	COMMON	087936010
MCY	MERCURY GENERAL	6,750	$304K	0.1%	$42.98	+6.3%	COMMON	589400100
—	NEWFIELD EXPLORATION	9,703	$304K	0.1%	$31.33	—	COMMON	651290108
GILD	GILEAD SCIENCES INC	4,294	$304K	0.1%	$48.38	+12.6%	COMMON	375558103
LMT	LOCKHEED MARTIN	1,740	$284K	0.1%	$86.03	+31.8%	COMMON	539830109
BRK/B	BERKSHIRE HATHAWAY CLASS B	2,249	$281K	0.1%	$110.02	+6.2%	COMMON	084670702
PSX	PHILLIPS 66	3,625	$279K	0.1%	$49.82	0.0%	COMMON	718546104
ECL	ECOLAB	2,500	$270K	0.1%	$73.48	+25.1%	COMMON	278865100
BP	BP PLC ADR - SPONS ADR	5,550	$267K	0.1%	$41.71	—	COMMON	055622104
—	DOW CHEMICAL	5,150	$250K	0.1%	$48.54	—	COMMON	260543103
—	SOUTHERN CAL ED PFD E	10,667	$243K	0.0%	$24.19	—	PREFERRED	842400509
AMZN	AMAZON.COM	700	$235K	0.0%	$15.43	+20.3%	COMMON	023135106
WMMVY	WAL-MART DE MEXICO SA ADR	9,600	$227K	0.0%	$28.02	—	COMMON	93114W107
—	ROYAL DUTCH SHELL PLC-ADR A	3,040	$222K	0.0%	$71.38	—	COMMON	780259206
SJM	JM SMUCKER	2,227	$217K	0.0%	$70.84	-3.0%	COMMON	832696405
V	VISA INC CLASS A	1,000	$216K	0.0%	$51.12	0.0%	COMMON	92826C839
VIPS	VIPSHOP HOLDINGS LTD - ADS	1,400	$209K	0.0%	$149.29	—	COMMON	92763W103
HD	HOME DEPOT INC.	2,600	$206K	0.0%	$56.18	+7.2%	COMMON	437076102
SNY	SANOFI-AVENTIS-ADR	3,850	$201K	0.0%	$51.47	—	COMMON	80105N105
—	SPORT CHALET INC-CLASS A	49,152	$60,000	0.0%	$1.24	—	COMMON	849163209
—	IMMUNOCELLULAR THERAPEUTICS	28,000	$34,000	0.0%	$1.93	—	COMMON	452536105
—	STAR SCIENTIFIC INC	12,200	$10,000	0.0%	$1.39	—	COMMON	85517P101
KRED	KONARED CORP	11,500	$8,000	0.0%	$0.72	+17.0%	COMMON	50048Y104
—	PFF BANCORP INC	13,610	$0	0.0%	—	—	COMMON	69331W104
—	ROCK ENERGY RESOURCES INC	208,276	$0	0.0%	$0.01	—	COMMON	77208P102