Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RHHBY	Roche Holding AG	737,606	$27.82B	2.9%	$20377.31	—	com	771195104
AAPL	Apple Computer	46,811	$25.13B	2.6%	$13.27	+24.9%	com	037833100
JNJ	Johnson & Johnson	248,239	$24.38B	2.6%	$60.05	+11.0%	com	478160104
—	DuPont	344,955	$23.15B	2.4%	$52.50	—	com	263534109
QCOM	Qualcomm	267,024	$21.06B	2.2%	$45.43	+18.9%	com	747525103
SLB	Schlumberger	212,731	$20.74B	2.2%	$54.52	+20.1%	com	806857108
—	Agilent Technologies	362,596	$20.28B	2.1%	$5560.16	—	com	00846u101
NSRGY	Nestle SA Spons ADR	257,363	$19.36B	2.0%	$14078.34	—	com	641069406
SPG	Simon Ppty Group New	115,641	$18.97B	2.0%	$85.10	-0.8%	com	828806109
—	Monsanto	165,638	$18.84B	2.0%	$43124.18	—	com	61166w101
CMI	Cummins	123,320	$18.37B	1.9%	$81.92	+23.6%	com	231021106
SBUX	Starbucks	248,324	$18.22B	1.9%	$25.60	+14.4%	com	855244109
—	National Oilwell Varco	232,259	$18.09B	1.9%	$12728.65	—	com	637071101
—	Altera	491,156	$17.8B	1.9%	$10494.25	—	com	021441100
—	EMC	599,925	$16.44B	1.7%	$3480.07	—	com	268648102
EBAY	eBay	297,475	$16.43B	1.7%	$20.14	+2.6%	com	278642103
PG	Procter & Gamble	199,279	$16.06B	1.7%	$55.02	+2.7%	com	742718109
—	Costco Wholesale	140,231	$15.66B	1.6%	$18169.17	—	com	22160k105
BMY	Bristol-Myers Squibb	300,924	$15.63B	1.6%	$35.87	+0.2%	com	110122108
—	Exxon Mobil	155,202	$15.16B	1.6%	$90.35	—	com	30231g102
—	Chicago Bridge & Iron	171,330	$14.93B	1.6%	$59.66	—	com	167250109
WFC	Wells Fargo	290,097	$14.43B	1.5%	$27.40	+21.9%	com	949746101
—	Google Cl A	12,374	$13.79B	1.4%	$133020.02	—	com	38259p508
SPY	Standard & Poors Depository Receipts	73,530	$13.75B	1.4%	$48219.49	—	com	78462F103
PII	Polaris Industries Inc.	92,567	$12.93B	1.4%	$100.90	+33.7%	com	731068102
BRKR	Bruker	550,972	$12.56B	1.3%	$16.64	+25.9%	com	116794108
FMC	FMC Corp	161,570	$12.37B	1.3%	$43.24	+16.9%	com	302491303
META	Facebook Inc Class A	201,671	$12.15B	1.3%	$25.44	+147.4%	com	30303M102
CSL	Carlisle Cos Inc	151,185	$12B	1.3%	$57.37	+16.8%	com	142339100
—	Cameron International	180,267	$11.14B	1.2%	$53133.90	—	com	13342B105
—	EOG Resources	55,127	$10.81B	1.1%	$18381.62	—	com	26875p101
—	Alere	294,761	$10.13B	1.1%	$4046.57	—	com	01449j105
HAL	Halliburton	170,236	$10.03B	1.1%	$33.21	+28.8%	com	406216101
—	Sovran Self Storage Inc.	134,042	$9.845B	1.0%	$1805.22	—	com	84610H108
—	BE Aerospace	112,779	$9.788B	1.0%	$63.08	—	com	073302101
BWA	BorgWarner	158,770	$9.76B	1.0%	$34.15	+25.9%	com	099724106
HXL	Hexcel	221,141	$9.628B	1.0%	$32.94	+32.5%	com	428291108
—	Novartis AG ADR	112,958	$9.604B	1.0%	$21932.30	—	com	66987v109
—	Dow Chemical	196,735	$9.559B	1.0%	$2354.59	—	com	260543103
—	Verizon	192,986	$9.18B	1.0%	$45507.79	—	com	92343v104
AVB	Avalonbay Cmntys Inc	67,720	$8.893B	0.9%	$87.41	-2.9%	com	053484101
MSFT	Microsoft	215,474	$8.832B	0.9%	$26.70	+17.1%	com	594918104
—	General Electric	339,403	$8.787B	0.9%	$24572.17	—	com	369604103
BXP	Boston Properties Inc	74,890	$8.577B	0.9%	$63.78	+5.0%	com	101121101
CPT	Camden Property Trust	122,592	$8.255B	0.9%	$42.12	-4.8%	com	133131102
KO	Coca Cola	208,766	$8.071B	0.8%	$27.85	-4.7%	com	191216100
OSK	Oshkosh Truck Corp	136,565	$8.04B	0.8%	$45.64	0.0%	com	688239201
CVS	CVS	106,990	$8.009B	0.8%	$41.46	+23.3%	com	126650100
EMR	Emerson Electric	118,250	$7.899B	0.8%	$40.69	+17.4%	com	291011104
GILD	Gilead Sciences	105,490	$7.475B	0.8%	$54.48	+0.0%	com	375558103
—	Goldman Sachs	45,168	$7.401B	0.8%	$29839.25	—	com	38141g104
—	Merck	129,356	$7.344B	0.8%	$6436.04	—	com	58933y105
MAC	Macerich Company	117,414	$7.318B	0.8%	$3861.02	—	com	554382101
VNO	Vornado Realty Trust	72,620	$7.157B	0.7%	$4302.65	—	com	929042109
—	American Tower Corp Cl A	87,129	$7.133B	0.7%	$11542.87	—	com	03027x100
—	Extra Space Storage Inc	144,575	$7.013B	0.7%	$9738.71	—	com	30225t102
WM	Waste Management	163,356	$6.872B	0.7%	$30.75	+6.5%	com	94106L109
WAT	Waters	61,604	$6.678B	0.7%	$97.03	+11.7%	com	941848103
TSCO	Tractor Supply	93,632	$6.613B	0.7%	$9.52	+25.6%	com	892356106
—	Keurig Green Mountain	61,938	$6.54B	0.7%	$105589.99	—	com	49271m100
—	Varian Medical Systems	70,102	$5.888B	0.6%	$6059.10	—	com	92220p105
EGP	Eastgroup Ppty MD Corp	90,999	$5.725B	0.6%	$10107.85	—	com	277276101
DEI	Douglas Emmett Inc	210,461	$5.712B	0.6%	$4932.03	—	com	25960P109
—	AmREIT Inc Cl B	331,210	$5.488B	0.6%	$3812.10	—	com	03216B208
UDR	UDR Inc Com	211,239	$5.456B	0.6%	$15.84	+3.9%	com	902653104
—	Taubman Centers Inc	76,482	$5.414B	0.6%	$13646.04	—	com	876664103
PEP	Pepsico	63,903	$5.336B	0.6%	$56.00	+1.5%	com	713448108
SRE	Sempra Energy	52,513	$5.081B	0.5%	$27.60	+16.7%	com	816851109
—	Starwood Htls & Resorts	60,957	$4.852B	0.5%	$63.19	—	com	85590A401
TMO	Thermo Fisher Scientific	37,273	$4.482B	0.5%	$81.74	+40.0%	com	883556102
CFR	Cullen Frost Bankers	53,670	$4.161B	0.4%	$43.57	+21.1%	com	229899109
—	Hersha Hospitality Trust	706,606	$4.12B	0.4%	$1222.84	—	com	427825104
ESS	Essex Property Trust	23,829	$4.052B	0.4%	$110.00	+0.4%	com	297178105
PLD	Prologis	98,984	$4.042B	0.4%	$27.47	+0.6%	com	74340W103
WMT	Wal-Mart	51,918	$3.968B	0.4%	$19.98	-0.4%	com	931142103
DLR	Digital Realty Trust Inc	72,716	$3.86B	0.4%	$36.59	-9.5%	com	253868103
—	Cree Inc Com	66,193	$3.744B	0.4%	$5268.20	—	com	225447101
—	Spirit Airlines Inc	60,610	$3.6B	0.4%	$59400.00	—	com	848577102
—	Weingarten Realty Investors	119,401	$3.582B	0.4%	$6287.99	—	com	948741103
—	Glimcher Realty Trust	350,905	$3.52B	0.4%	$1415.80	—	com	379302102
HST	Host Hotels & Resorts	168,506	$3.411B	0.4%	$11.17	+7.7%	com	44107P104
—	Coresite Realty Corp	106,731	$3.309B	0.3%	$5200.55	—	com	21870q105
—	Kite Realty Group Trust	544,320	$3.266B	0.3%	$1600.10	—	com	49803T102
SBR	Sabine Royalty Trust	65,020	$3.218B	0.3%	$49500.00	—	com	785688102
RCI	Rogers	74,122	$3.072B	0.3%	$46.12	-11.6%	com	775109200
—	Western Gas Partners LP	45,752	$3.028B	0.3%	$64.88	—	com	958254104
—	NuStar Energy LP	54,010	$2.968B	0.3%	$4617.15	—	com	67058h102
BAC	Bank of America	164,957	$2.837B	0.3%	$10.03	+32.2%	com	060505104
BND	Vanguard Bd Index Fd	32,356	$2.627B	0.3%	$27191.54	—	com	921937835
—	BB&T	61,752	$2.481B	0.3%	$38522.36	—	com	054937107
VXF	Vanguard Extended Market	28,810	$2.448B	0.3%	$20610.48	—	com	922908652
—	Health Care REIT Inc	40,664	$2.424B	0.3%	$67.03	—	com	42217K106
MMM	3M	17,172	$2.33B	0.2%	$61.26	+24.5%	com	88579Y101
SKT	Tanger Factory Outlet	65,863	$2.305B	0.2%	$32651.63	—	com	875465106
—	Terreno Realty Corp	116,775	$2.208B	0.2%	$2746.09	—	com	88146m101
—	Xilinx	39,630	$2.151B	0.2%	$2311.22	—	com	983919101
—	Cyberonics	32,515	$2.122B	0.2%	$51.96	—	com	23251P102
—	Hudson Pac Property Inc	86,135	$1.987B	0.2%	$23069.99	—	com	444097109
EPD	Enterprise Products Partners	28,287	$1.962B	0.2%	$62.15	—	com	293792107
EFA	IShares MSCI EAFE Index Fund	25,193	$1.693B	0.2%	$10376.13	—	com	464287465
—	Select Sector Spdr Health Care	25,979	$1.52B	0.2%	$14569.59	—	com	81369y209
—	Cousins Properties	130,575	$1.498B	0.2%	$11470.00	—	com	222795106
—	Duke Realty Invts	88,407	$1.492B	0.2%	$16880.00	—	com	264411505
—	Select Sector Spdr Industrial	28,129	$1.472B	0.2%	$13981.22	—	com	81369y704
—	Select Sector Spdr Financial	65,232	$1.457B	0.2%	$5940.59	—	com	81369y605
—	Select Sector Spdr Consumer Discretionary	22,180	$1.435B	0.2%	$12756.46	—	com	81369y407
—	Federal Rlty Invt Tr Sbi	12,413	$1.424B	0.1%	$114719.97	—	com	313747206
—	Select Sector Spdr Materials	29,839	$1.411B	0.1%	$13177.05	—	com	81369y100
—	Select Sector Spdr Technology	38,431	$1.397B	0.1%	$10380.26	—	com	81369y803
—	Select Sector Spdr Energy	15,148	$1.349B	0.1%	$25761.23	—	com	81369y506
—	Select Sector Spdr Consumer Staples	30,851	$1.328B	0.1%	$12598.02	—	com	81369y308
—	Select Sector Spdr Utilities	32,020	$1.328B	0.1%	$12059.72	—	com	81369y886
—	Magellan Midstream Partners LP	18,320	$1.278B	0.1%	$1258.12	—	com	559080106
—	Teco Energy	71,908	$1.233B	0.1%	$11862.41	—	com	872375100
BP	BP PLC ADR	25,146	$1.21B	0.1%	$41.73	—	com	055622104
HSY	Hershey	11,025	$1.151B	0.1%	$65.69	+17.5%	com	427866108
—	Cyrusone Inc	52,200	$1.087B	0.1%	$22330.00	—	com	23283R100
—	Diageo PLC-Sponsored ADR	8,550	$1.065B	0.1%	$114.97	—	com	25243q205
CVX	Chevron	8,464	$1.006B	0.1%	$71.32	-1.3%	com	166764100
—	Vodafone PLC ADR	25,618	$943M	0.1%	$36810.13	—	com	92857w308
PFE	Pfizer	26,390	$848M	0.1%	$16.46	+10.6%	com	717081103
PSA	Public Storage Inc	4,882	$823M	0.1%	$102.28	+0.1%	com	74460D109
PM	Philip Morris	10,040	$822M	0.1%	$49.85	-10.2%	com	718172109
VCIT	Vanguard Int-Term Corp Bond ETF	9,585	$815M	0.1%	$83.00	—	com	92206C870
EPR	EPR Properties	15,238	$814M	0.1%	$41184.58	—	com	26884U109
—	Royal Dutch Shell Cl-A ADR	10,966	$801M	0.1%	$63.79	—	com	780259206
—	JP Morgan Chase	10,977	$666M	0.1%	$52.81	—	com	46625h100
BRK/B	Berkshire Hathaway Inc Cl B	4,839	$605M	0.1%	$110.02	+6.2%	com	084670702
—	Nordic American Tanker Shipping	61,110	$601M	0.1%	$2032.10	—	com	g65773106
VWO	Vanguard Emerging Market	14,732	$598M	0.1%	$11344.60	—	com	922042858
BF/B	Brown-Forman Corp Class B	5,811	$521M	0.1%	$25.39	+5.4%	com	115637209
—	United Technologies	4,011	$469M	0.0%	$4458.94	—	com	913017109
NVO	Novo Nordisk A.S.	10,000	$457M	0.0%	$36551.00	—	com	670100205
SPIB	SPDR Barclays Cap I/T Corp Bond ETF	12,050	$410M	0.0%	$33.56	—	com	78464A375
—	Altria	10,645	$398M	0.0%	$34.98	—	com	02209s103
NWE	NorthWestern Corp	8,361	$397M	0.0%	$25.23	+10.9%	com	668074305
—	Unilever	9,210	$394M	0.0%	$40.50	—	com	904767704
APD	Air Products & Chemicals	3,304	$393M	0.0%	$61.55	+28.8%	com	009158106
—	CVR Partners LP	17,925	$380M	0.0%	$22.71	—	com	126633106
AXP	American Express	4,128	$372M	0.0%	$59.62	+26.6%	com	025816109
DIS	Disney	3,870	$310M	0.0%	$56.11	+24.2%	com	254687106
—	Mastercard Inc Cl A	4,090	$306M	0.0%	$67287.38	—	com	57636q104
—	AT&T	8,600	$302M	0.0%	$5782.05	—	com	00206r102
CL	Colgate Palmolive	4,338	$281M	0.0%	$44.38	+7.9%	com	194162103
CAT	Caterpillar	2,641	$262M	0.0%	$61.55	+13.2%	com	149123101
AMAT	Applied Materials	12,780	$261M	0.0%	$12.22	+29.0%	com	038222105
—	Globalstar Inc	95,000	$252M	0.0%	$1197.55	—	com	378973408
CAG	ConAgra Foods	7,750	$240M	0.0%	$17.69	-9.3%	com	205887102
DHR	Danaher	3,167	$238M	0.0%	$25.01	+23.1%	com	235851102
HD	Home Depot	2,948	$233M	0.0%	$56.10	+7.4%	com	437076102
BSV	Vanguard Bond Index Short Term	2,900	$232M	0.0%	$80.00	—	com	921937827
SHY	iShares 1-3 Yr Treasury Bd Fd	2,500	$211M	0.0%	$84.35	—	com	464287457
ORCL	Oracle Systems	5,111	$209M	0.0%	$27.58	+15.9%	com	68389X105
—	Transcanada	4,500	$205M	0.0%	$43.11	—	com	89353D107
—	Molycorp	27,000	$127M	0.0%	$6.20	—	com	608753109
—	Dendreon Corp	32,500	$97.17M	0.0%	$693.17	—	com	24823Q107
FOLGF	Falcon Oil & Gas	542,500	$91.03M	0.0%	$0.21	-20.0%	com	306071101
—	Sunesis Pharmaceuticals	10,000	$66.1M	0.0%	$5.20	—	com	867328601
—	Western Asset Mgd High Yld Income Fund	10,000	$57.3M	0.0%	$5660.00	—	com	95766L107