Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PEP	Pepsico Inc.	143,392	$11.89M	3.4%	$56.00	+3.1%	COM	713448108
EPD	Enterprise Products Partners L	164,483	$10.9M	3.1%	$62.15	—	PTP	293792107
IBM	International Business Machine	51,781	$9.713M	2.7%	$118.25	-10.0%	COM	459200101
XOM	Exxon Mobil Corp	91,450	$9.255M	2.6%	$53.70	+4.2%	COM	30231G102
JPM	JP Morgan Chase & Co	156,125	$9.13M	2.6%	$36.24	+9.4%	COM	46625H100
—	General Electric Co.	314,415	$8.813M	2.5%	$23.19	—	COM	369604103
TMO	Thermo Electron Corp	78,618	$8.754M	2.5%	$79.76	+19.9%	COM	883556102
—	Anheuser-Busch Cos Inc	73,338	$7.808M	2.2%	$90.26	—	COM	035229103
UNH	United Health Group Inc.	97,144	$7.315M	2.1%	$50.75	+16.4%	COM	91324P102
NVS	Novartis AG ADR	86,418	$6.946M	2.0%	$70.71	—	COM	66987V109
—	Tronox Ltd.	300,190	$6.925M	2.0%	$20.15	—	COM	897051306
SYK	Stryker Corp	91,650	$6.887M	1.9%	$56.92	+10.8%	COM	863667101
MMM	Minnesota Mining & Manufacturi	47,650	$6.683M	1.9%	$61.26	+18.6%	COM	88579Y101
ZBH	Zimmer Holdings Inc	70,200	$6.542M	1.8%	$67.30	+16.3%	COM	98956P102
—	United Technologies Corp	57,110	$6.499M	1.8%	$92.94	—	COM	913017109
SCHW	Charles Schwab Corp	244,116	$6.347M	1.8%	$15.92	+29.8%	COM	808513105
TEVA	Teva Pharmaceutical Industries	158,050	$6.335M	1.8%	$39.20	—	COM	881624209
CVX	ChevronTexaco Corp	49,300	$6.158M	1.7%	$71.34	+1.6%	COM	166764100
—	Buckeye Partners LP	84,584	$6.006M	1.7%	$70.16	—	PTP	118230101
AAPL	Apple Computer Inc	10,595	$5.944M	1.7%	$13.16	+24.4%	COM	037833100
PG	Procter & Gamble Co	72,374	$5.892M	1.7%	$55.00	+5.5%	COM	742718109
—	Energy Transfer Partners LP	102,533	$5.87M	1.7%	$50.54	—	PTP	29273R109
—	Viacom CL B	66,385	$5.798M	1.6%	$68.03	—	COM	92553P201
—	EMC Corp/Massachusetts	219,840	$5.529M	1.6%	$23.64	—	COM	268648102
—	Thoratec Corp	148,465	$5.434M	1.5%	$31.31	—	COM	885175307
JNJ	Johnson & Johnson	58,824	$5.388M	1.5%	$59.66	+10.2%	COM	478160104
—	Enduro Royalty Trust	433,953	$5.246M	1.5%	$13.81	—	COM	29269k100
PAA	Plains All American Pipeline (	98,862	$5.118M	1.4%	$55.81	—	PTP	726503105
—	Enbridge Energy Partners LP	169,676	$5.068M	1.4%	$30.49	—	PTP	29250R106
ORCL	Oracle Corp	131,386	$5.027M	1.4%	$27.57	+4.4%	COM	68389X105
—	OM Group Inc	127,580	$4.645M	1.3%	$30.92	—	COM	670872100
—	Medtronic Inc	78,150	$4.485M	1.3%	$51.47	—	COM	585055106
—	Alter NRG Corp	6,081,000	$4.46M	1.3%	$0.37	—	COM	02145w101
—	Williams Partners LP	81,969	$4.169M	1.2%	$51.60	—	PTP	96950F104
SLB	Schlumberger Ltd	46,050	$4.15M	1.2%	$52.90	+23.0%	COM	806857108
CSCO	Cisco Systems Inc	184,722	$4.143M	1.2%	$15.24	-0.2%	COM	17275R102
—	General Motors Corp	100,300	$4.099M	1.2%	$33.31	—	COM	370442105
TXN	Texas Instruments Inc	93,200	$4.092M	1.2%	$25.31	+18.8%	COM	882508104
KSS	Kohls Corp	68,025	$3.86M	1.1%	$49.51	+10.7%	COM	500255104
MCK	McKesson Corp	23,250	$3.753M	1.1%	$101.46	+38.5%	COM	58155Q103
—	Chubb Corp	38,600	$3.73M	1.1%	$84.64	—	COM	171232101
AMAT	Applied Materials Inc	189,050	$3.342M	0.9%	$12.22	+21.6%	COM	038222105
—	Aetna Inc	47,700	$3.272M	0.9%	$63.54	—	COM	00817Y108
—	Coach Inc	55,840	$3.134M	0.9%	$55.07	—	COM	189754104
DE	Deere & Co	33,472	$3.057M	0.9%	$68.04	-0.9%	COM	244199105
CSX	CSX Corp	105,170	$3.026M	0.9%	$6.66	+10.6%	COM	126408103
YUM	Yum! Brands Inc.	39,944	$3.02M	0.9%	$38.97	+4.9%	COM	988498101
—	Verifone Systems, Inc.	108,700	$2.915M	0.8%	$26.82	—	COM	92342y109
MSFT	Microsoft Corp	77,873	$2.913M	0.8%	$26.70	+12.4%	COM	594918104
—	Australia and New Zealand Bank	100,000	$2.885M	0.8%	$26.12	—	COM	052528304
BK	Bank of New York Co Inc/The	78,356	$2.738M	0.8%	$21.22	+14.5%	COM	064058100
—	Royal Dutch Petroleum Co	38,400	$2.737M	0.8%	$63.80	—	COM	780259206
NEE	NextEra Energy, Inc.	31,568	$2.703M	0.8%	$14.15	+8.1%	COM	65339F101
—	American Water Works Co Inc	63,400	$2.679M	0.8%	$41.23	—	COM	030Y20103
CME	CME Group, Inc.	33,790	$2.651M	0.7%	$39.16	+21.1%	COM	12572Q105
—	Magellan Midstream Partners (L	40,000	$2.531M	0.7%	$54.50	—	PTP	559080106
PPG	PPG Industries Inc	13,200	$2.504M	0.7%	$59.61	+22.5%	COM	693506107
—	Nustar GP Holdings LLC	88,932	$2.498M	0.7%	$26.73	—	PTP	67059L102
UNP	Union Pacific Corp	14,470	$2.431M	0.7%	$57.06	+6.1%	COM	907818108
EIX	Edison International	51,800	$2.398M	0.7%	$30.71	-2.9%	COM	281020107
—	Kinder Morgan Energy Partners	29,250	$2.359M	0.7%	$85.39	—	PTP	494550106
WFC	Wells Fargo & Co	49,010	$2.225M	0.6%	$27.36	+12.4%	COM	949746101
—	Plum Creek Timber Co Inc (REIT	46,150	$2.146M	0.6%	$46.67	—	COM	729251108
PFE	Pfizer Inc	69,506	$2.129M	0.6%	$16.46	+7.1%	COM	717081103
—	Duke Energy Corp	29,791	$2.056M	0.6%	$67.45	—	COM	26441C105
—	Cleco Corp	40,000	$1.865M	0.5%	$46.42	—	COM	12561W105
IVV	iShares S&P 500 Index Fund/US	7,644	$1.419M	0.4%	$160.86	—	COM	464287200
—	Time Warner Inc	20,254	$1.412M	0.4%	$57.82	—	COM	887317105
INTC	Intel Corp	50,499	$1.311M	0.4%	$17.18	+4.4%	COM	458140100
CL	Colgate-Palmolive Co	20,000	$1.304M	0.4%	$44.38	+9.1%	COM	194162103
VTR	Ventas Inc (REIT)	22,223	$1.273M	0.4%	$49.18	-17.5%	COM	92276F100
OXY	Occidental Petroleum Corp	12,024	$1.143M	0.3%	$57.83	+9.6%	COM	674599105
COST	Costco Wholesale Corp	9,204	$1.095M	0.3%	$86.56	+9.9%	COM	22160K105
DDEJF	Dundee Bancorp Inc.	58,111	$1.024M	0.3%	$22.10	-17.3%	COM	264901109
—	Oneok Partners LP	18,400	$969K	0.3%	$49.54	—	PTP	68268N103
—	Linear Technology Corp	20,416	$930K	0.3%	$36.84	—	COM	535678106
—	Dream Unlimited Corp	58,111	$922K	0.3%	$10.55	—	COM	26153M200
INTU	Intuit Inc	11,630	$888K	0.3%	$54.39	+19.5%	COM	461202103
ALV	Autoliv Inc	9,500	$872K	0.2%	$40.38	+22.5%	COM	052800109
MDU	MDU Resources Group Inc	26,324	$804K	0.2%	$6.58	+18.6%	COM	552690109
BMY	Bristol-Myers Squibb Co	15,000	$797K	0.2%	$28.67	+19.2%	COM	110122108
SO	Southern Co/The	19,000	$781K	0.2%	$26.74	-8.1%	COM	842587107
TGT	Target Corp	11,376	$720K	0.2%	$47.95	-7.0%	COM	87612E106
NI	NiSource Inc	21,200	$697K	0.2%	$7.81	+8.9%	COM	65473P105
—	Time Warner Cable	5,105	$692K	0.2%	$112.44	—	COM	88732J207
CLPHY	CLP Holdings Ltd	86,400	$677K	0.2%	$8.16	—	COM	18946Q101
EMR	Emerson Electric Co.	9,313	$654K	0.2%	$40.02	+20.4%	COM	291011104
—	Source Capital Inc.	9,574	$642K	0.2%	$61.73	—	COM	836144105
BP	BP PLC	12,832	$624K	0.2%	$41.77	—	COM	055622104
—	Vodaphone Group Plc	15,819	$622K	0.2%	$28.76	—	COM	92857W100
—	Comcast Corp	11,811	$589K	0.2%	$39.71	—	COM	20030n200
—	Ensco PLC	10,000	$572K	0.2%	$58.10	—	COM	29358Q109
MA	Mastercard, Inc.	675	$564K	0.2%	$51.54	+34.0%	COM	57636Q104
—	AbbVie Inc.	10,038	$530K	0.1%	$41.34	—	COM	002874y10
AMGN	Amgen Inc.	3,989	$455K	0.1%	$73.34	+10.6%	COM	031162100
—	United Parcel Service Inc	4,000	$420K	0.1%	$86.50	—	COM	013104104
BAX	Baxter International Inc	6,000	$417K	0.1%	$30.42	-3.9%	COM	071813109
SRE	Sempra Energy	4,400	$395K	0.1%	$27.60	+10.6%	COM	816851109
—	Du Pont El de Nemours & Co.	5,951	$387K	0.1%	$52.46	—	COM	263534109
ABT	Abbott Laboratories	10,038	$385K	0.1%	$28.85	+1.3%	COM	002824100
—	Walgreen Co	6,550	$376K	0.1%	$44.27	—	COM	931422109
—	Dow Chemical Co	8,131	$361K	0.1%	$32.22	—	COM	260543103
BCE	BCE Inc	7,918	$343K	0.1%	$22.29	-2.7%	COM	05534B760
IWS	iShares Russell Midcap Value I	5,215	$343K	0.1%	$57.85	—	COM	464287473
IWP	iShares Russell Midcap Growth	4,007	$338K	0.1%	$71.84	—	COM	464287481
BAC	Bank of America Corp	21,668	$337K	0.1%	$10.03	+16.5%	COM	060505104
—	Spectra Energy	9,290	$331K	0.1%	$34.45	—	COM	847560109
IEV	iShares S&P Euro 350 Index	6,979	$331K	0.1%	$38.69	—	COM	464287861
HON	Honeywell International Inc	3,350	$306K	0.1%	$53.13	+14.5%	COM	438516106
KRO	Kronos Worldwide Inc	15,700	$299K	0.1%	$8.24	+0.2%	COM	50105F105
MRK	Merck & Co Inc	5,967	$299K	0.1%	$30.02	+4.2%	COM	58933Y105
—	Safeway Inc.	8,591	$280K	0.1%	$23.63	—	COM	786514208
—	Hewlett-Packard Co	9,869	$276K	0.1%	$24.83	—	COM	428236103
—	Hospitality Properties Trust (	10,000	$270K	0.1%	$26.30	—	COM	44106M102
VWO	Vanguard MSCI Emerging Mkts	6,000	$247K	0.1%	$40.17	—	COM	922042858
—	Praxair Inc	1,850	$241K	0.1%	$115.14	—	COM	74005P104
KIM	Kimco Realty Corp (Reit)	11,738	$232K	0.1%	$12.61	-7.8%	COM	49446R109
—	Canadian Pacific Railway Ltd	1,500	$227K	0.1%	$151.33	—	COM	135923100
STT	State Street Corp	3,000	$220K	0.1%	$50.63	0.0%	COM	857477103
PM	Phillip Morris International	2,500	$218K	0.1%	$49.85	-4.0%	COM	718172109
CAH	Cardinal Health Inc	3,108	$208K	0.1%	$44.20	0.0%	COM	14149Y108
USB	US Bancorp	5,000	$202K	0.1%	$25.38	0.0%	COM	902973304
PMTYF	Playmates Toys	400,000	$188K	0.1%	$0.06	+232.9%	COM	G7147S100
ABR	Arbor Realty Trust (REIT)	11,100	$74,000	0.0%	$6.31	—	COM	038923108
DOMR	Dominion RES Black Warrior (LP	10,000	$56,000	0.0%	$4.20	—	PTP	25746Q108
—	Western Forest Products	25,000	$45,000	0.0%	$1.80	—	COM	958211203