Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PEP	Pepsico Inc.	143,392	$11.97M	3.2%	$56.00	+1.5%	COM	713448108
EPD	Enterprise Products Partners L	164,538	$11.41M	3.1%	$62.15	—	PTP	293792107
IBM	International Business Machine	51,781	$9.967M	2.7%	$118.25	-7.6%	COM	459200101
JPM	JP Morgan Chase & Co	159,882	$9.706M	2.6%	$36.38	+15.7%	COM	46625H100
TMO	Thermo Electron Corp	78,618	$9.453M	2.5%	$79.76	+43.5%	COM	883556102
XOM	Exxon Mobil Corp	91,958	$8.982M	2.4%	$53.70	+8.1%	COM	30231G102
TEVA	Teva Pharmaceutical Industries	158,050	$8.351M	2.3%	$39.20	—	COM	881624209
—	General Electric Co.	314,415	$8.14M	2.2%	$23.19	—	COM	369604103
UNH	United Health Group Inc.	98,787	$8.1M	2.2%	$50.94	+22.0%	COM	91324P102
—	Anheuser-Busch Cos Inc	73,338	$7.722M	2.1%	$90.26	—	COM	035229103
SYK	Stryker Corp	91,650	$7.467M	2.0%	$56.92	+21.3%	COM	863667101
NVS	Novartis AG ADR	86,418	$7.347M	2.0%	$70.71	—	COM	66987V109
—	Tronox Ltd.	300,190	$7.136M	1.9%	$20.15	—	COM	897051306
ZBH	Zimmer Holdings Inc	70,595	$6.677M	1.8%	$67.30	+24.2%	COM	98956P102
—	United Technologies Corp	57,110	$6.673M	1.8%	$92.94	—	COM	913017109
SCHW	Charles Schwab Corp	243,686	$6.66M	1.8%	$15.92	+42.6%	COM	808513105
MMM	Minnesota Mining & Manufacturi	47,650	$6.464M	1.7%	$61.26	+24.5%	COM	88579Y101
—	Buckeye Partners LP	84,584	$6.348M	1.7%	$70.16	—	PTP	118230101
—	EMC Corp/Massachusetts	219,840	$6.026M	1.6%	$23.64	—	COM	268648102
CVX	ChevronTexaco Corp	49,300	$5.862M	1.6%	$71.34	-1.4%	COM	166764100
PG	Procter & Gamble Co	72,374	$5.833M	1.6%	$55.00	+2.7%	COM	742718109
JNJ	Johnson & Johnson	59,101	$5.805M	1.6%	$59.66	+11.7%	COM	478160104
AAPL	Apple Computer Inc	10,595	$5.687M	1.5%	$13.16	+26.0%	COM	037833100
—	Alter NRG Corp	6,084,750	$5.659M	1.5%	$0.37	—	COM	02145w101
—	Viacom CL B	66,385	$5.642M	1.5%	$68.03	—	COM	92553P201
—	Energy Transfer Partners LP	102,533	$5.515M	1.5%	$50.54	—	PTP	29273R109
PAA	Plains All American Pipeline (	98,862	$5.449M	1.5%	$55.81	—	PTP	726503105
—	Enduro Royalty Trust	433,953	$5.437M	1.5%	$13.81	—	COM	29269k100
ORCL	Oracle Corp	131,386	$5.375M	1.4%	$27.57	+16.0%	COM	68389X105
—	Thoratec Corp	148,465	$5.317M	1.4%	$31.31	—	COM	885175307
CSCO	Cisco Systems Inc	233,537	$5.235M	1.4%	$15.25	+0.3%	COM	17275R102
—	Medtronic Inc	78,150	$4.809M	1.3%	$51.47	—	COM	585055106
SLB	Schlumberger Ltd	48,808	$4.759M	1.3%	$53.61	+22.1%	COM	806857108
—	Enbridge Energy Partners LP	169,676	$4.651M	1.3%	$30.49	—	PTP	29250R106
TXN	Texas Instruments Inc	96,565	$4.554M	1.2%	$25.54	+25.0%	COM	882508104
—	OM Group Inc	127,580	$4.238M	1.1%	$30.92	—	COM	670872100
—	Williams Partners LP	81,969	$4.176M	1.1%	$51.60	—	PTP	96950F104
MCK	McKesson Corp	23,522	$4.153M	1.1%	$102.14	+56.8%	COM	58155Q103
KSS	Kohls Corp	68,025	$3.864M	1.0%	$49.51	+8.3%	COM	500255104
AMAT	Applied Materials Inc	189,050	$3.859M	1.0%	$12.22	+29.0%	COM	038222105
—	Verifone Systems, Inc.	108,700	$3.676M	1.0%	$26.82	—	COM	92342y109
—	Aetna Inc	47,700	$3.576M	1.0%	$63.54	—	COM	00817Y108
—	General Motors Corp	101,800	$3.504M	0.9%	$33.33	—	COM	370442105
—	Chubb Corp	38,600	$3.447M	0.9%	$84.64	—	COM	171232101
MSFT	Microsoft Corp	77,873	$3.192M	0.9%	$26.70	+17.1%	COM	594918104
—	Australia and New Zealand Bank	100,000	$3.055M	0.8%	$26.12	—	COM	052528304
CSX	CSX Corp	105,170	$3.047M	0.8%	$6.66	+15.1%	COM	126408103
DE	Deere & Co	33,472	$3.039M	0.8%	$68.04	+3.0%	COM	244199105
—	Nustar GP Holdings LLC	88,932	$3.027M	0.8%	$26.73	—	PTP	67059L102
NEE	NextEra Energy, Inc.	31,568	$3.019M	0.8%	$14.15	+17.1%	COM	65339F101
YUM	Yum! Brands Inc.	39,944	$3.011M	0.8%	$38.97	+7.9%	COM	988498101
EIX	Edison International	51,800	$2.932M	0.8%	$30.71	+3.1%	COM	281020107
—	American Water Works Co Inc	63,400	$2.878M	0.8%	$41.23	—	COM	030Y20103
—	Royal Dutch Petroleum Co	38,400	$2.806M	0.8%	$63.80	—	COM	780259206
—	Magellan Midstream Partners (L	40,000	$2.79M	0.8%	$54.50	—	PTP	559080106
—	Coach Inc	55,840	$2.773M	0.7%	$55.07	—	COM	189754104
BK	Bank of New York Co Inc/The	78,356	$2.765M	0.7%	$21.22	+16.7%	COM	064058100
UNP	Union Pacific Corp	14,470	$2.715M	0.7%	$57.06	+19.6%	COM	907818108
WFC	Wells Fargo & Co	53,844	$2.678M	0.7%	$27.91	+19.7%	COM	949746101
PPG	PPG Industries Inc	13,200	$2.554M	0.7%	$59.61	+29.5%	COM	693506107
CME	CME Group, Inc.	33,790	$2.501M	0.7%	$39.16	+20.9%	COM	12572Q105
PFE	Pfizer Inc	73,658	$2.366M	0.6%	$16.56	+9.9%	COM	717081103
—	Kinder Morgan Energy Partners	29,250	$2.163M	0.6%	$85.39	—	PTP	494550106
—	Duke Energy Corp	29,791	$2.122M	0.6%	$67.45	—	COM	26441C105
—	Cleco Corp	40,000	$2.023M	0.5%	$46.42	—	COM	12561W105
—	Plum Creek Timber Co Inc (REIT	46,150	$1.94M	0.5%	$46.67	—	COM	729251108
IVV	iShares S&P 500 Index Fund/US	7,644	$1.438M	0.4%	$160.86	—	COM	464287200
CL	Colgate-Palmolive Co	20,929	$1.358M	0.4%	$44.54	+7.6%	COM	194162103
VTR	Ventas Inc (REIT)	22,223	$1.346M	0.4%	$49.18	-16.2%	COM	92276F100
—	Time Warner Inc	20,254	$1.323M	0.4%	$57.82	—	COM	887317105
INTC	Intel Corp	49,438	$1.276M	0.3%	$17.18	+8.7%	COM	458140100
OXY	Occidental Petroleum Corp	12,024	$1.146M	0.3%	$57.83	+8.0%	COM	674599105
VWO	Vanguard MSCI Emerging Mkts	26,936	$1.093M	0.3%	$40.49	—	COM	922042858
COST	Costco Wholesale Corp	9,597	$1.072M	0.3%	$86.75	+5.2%	COM	22160K105
—	Linear Technology Corp	20,416	$994K	0.3%	$36.84	—	COM	535678106
—	Oneok Partners LP	18,400	$985K	0.3%	$49.54	—	PTP	68268N103
ALV	Autoliv Inc	9,500	$953K	0.3%	$40.38	+27.6%	COM	052800109
BMY	Bristol-Myers Squibb Co	18,195	$945K	0.3%	$29.94	+20.0%	COM	110122108
INTU	Intuit Inc	11,630	$904K	0.2%	$54.39	+27.3%	COM	461202103
MDU	MDU Resources Group Inc	26,324	$903K	0.2%	$6.58	+31.6%	COM	552690109
SO	Southern Co/The	19,000	$835K	0.2%	$26.74	-5.5%	COM	842587107
DDEJF	Dundee Bancorp Inc.	58,111	$832K	0.2%	$22.10	-27.6%	COM	264901109
TGT	Target Corp	13,376	$809K	0.2%	$47.01	-11.4%	COM	87612E106
—	Dream Unlimited Corp	58,111	$794K	0.2%	$10.55	—	COM	26153M200
NI	NiSource Inc	21,200	$753K	0.2%	$7.81	+19.6%	COM	65473P105
T	AT&T Corp	20,103	$705K	0.2%	$10.85	0.0%	COM	00206R102
—	Time Warner Cable	5,105	$700K	0.2%	$112.44	—	COM	88732J207
—	Source Capital Inc.	9,574	$658K	0.2%	$61.73	—	COM	836144105
CLPHY	CLP Holdings Ltd	86,400	$651K	0.2%	$8.16	—	COM	18946Q101
EMR	Emerson Electric Co.	9,313	$622K	0.2%	$40.02	+19.4%	COM	291011104
BP	BP PLC	12,832	$617K	0.2%	$41.77	—	COM	055622104
—	Comcast Corp	11,811	$576K	0.2%	$39.71	—	COM	20030n200
—	Ensco PLC	10,000	$528K	0.1%	$58.10	—	COM	29358Q109
—	AbbVie Inc.	10,038	$516K	0.1%	$41.34	—	COM	002874y10
MA	Mastercard, Inc.	6,750	$504K	0.1%	$70.60	+3.0%	COM	57636Q104
AMGN	Amgen Inc.	3,989	$492K	0.1%	$73.34	+18.5%	COM	031162100
SRE	Sempra Energy	4,648	$450K	0.1%	$27.84	+15.6%	COM	816851109
BAX	Baxter International Inc	6,000	$441K	0.1%	$30.42	-0.3%	COM	071813109
—	Walgreen Co	6,550	$432K	0.1%	$44.27	—	COM	931422109
—	Du Pont El de Nemours & Co.	5,951	$399K	0.1%	$52.46	—	COM	263534109
—	Dow Chemical Co	8,131	$395K	0.1%	$32.22	—	COM	260543103
—	United Parcel Service Inc	4,000	$390K	0.1%	$86.50	—	COM	013104104
ABT	Abbott Laboratories	10,038	$387K	0.1%	$28.85	+6.5%	COM	002824100
BAC	Bank of America Corp	21,668	$373K	0.1%	$10.03	+32.2%	COM	060505104
IWS	iShares Russell Midcap Value I	5,215	$358K	0.1%	$57.85	—	COM	464287473
IWP	iShares Russell Midcap Growth	4,007	$344K	0.1%	$71.84	—	COM	464287481
—	Spectra Energy	9,290	$343K	0.1%	$34.45	—	COM	847560109
BCE	BCE Inc	7,918	$342K	0.1%	$22.29	-3.5%	COM	05534B760
MRK	Merck & Co Inc	5,967	$339K	0.1%	$30.02	+19.1%	COM	58933Y105
IEV	iShares S&P Euro 350 Index	6,979	$337K	0.1%	$38.69	—	COM	464287861
—	Bigen Idec Ltd.	1,074	$329K	0.1%	$306.33	—	COM	09062x103
—	Vodaphone Group Plc	8,816	$325K	0.1%	$28.76	—	COM	92857W100
—	Hewlett-Packard Co	9,869	$319K	0.1%	$24.83	—	COM	428236103
—	Safeway Inc.	8,591	$317K	0.1%	$23.63	—	COM	786514208
HON	Honeywell International Inc	3,350	$311K	0.1%	$53.13	+21.8%	COM	438516106
—	Hospitality Properties Trust (	10,000	$287K	0.1%	$26.30	—	COM	44106M102
—	HollyFrontier Corp	5,965	$284K	0.1%	$47.61	—	COM	064393472
KRO	Kronos Worldwide Inc	15,700	$262K	0.1%	$8.24	+3.1%	COM	50105F105
KIM	Kimco Realty Corp (Reit)	11,738	$257K	0.1%	$12.61	-4.0%	COM	49446R109
—	Praxair Inc	1,850	$242K	0.1%	$115.14	—	COM	74005P104
BEN	Franklin Resources Inc.	4,292	$233K	0.1%	$32.15	0.0%	COM	354613101
BA	Boeing Co	1,832	$230K	0.1%	$111.68	0.0%	COM	097023105
—	Canadian Pacific Railway Ltd	1,500	$226K	0.1%	$151.33	—	COM	135923100
FDX	FedEx Corp	1,706	$226K	0.1%	$115.12	0.0%	COM	31428X106
CAH	Cardinal Health Inc	3,108	$217K	0.1%	$44.20	+14.2%	COM	14149Y108
VZ	Verizon Communications Inc	4,549	$216K	0.1%	$25.87	0.0%	COM	92343V104
USB	US Bancorp	5,000	$214K	0.1%	$25.38	+7.7%	COM	902973304
STT	State Street Corp	3,000	$209K	0.1%	$50.63	-0.9%	COM	857477103
PM	Phillip Morris International	2,500	$205K	0.1%	$49.85	-10.2%	COM	718172109
PMTYF	Playmates Toys	400,000	$188K	0.1%	$0.06	+295.7%	COM	G7147S100
ABR	Arbor Realty Trust (REIT)	11,100	$77,000	0.0%	$6.31	—	COM	038923108
DOMR	Dominion RES Black Warrior (LP	10,000	$68,000	0.0%	$4.20	—	PTP	25746Q108
—	Western Forest Products	13,000	$28,000	0.0%	$1.80	—	COM	958211203