Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EPD	Enterprise Products Partners L	164,538	$12.88M	3.3%	$62.15	—	PTP	293792107
PEP	Pepsico Inc.	143,392	$12.81M	3.3%	$56.00	+8.8%	COM	713448108
IBM	International Business Machine	51,851	$9.399M	2.4%	$118.25	-5.0%	COM	459200101
TMO	Thermo Electron Corp	78,623	$9.278M	2.4%	$79.76	+42.2%	COM	883556102
XOM	Exxon Mobil Corp	91,450	$9.207M	2.4%	$53.70	+15.2%	COM	30231G102
JPM	JP Morgan Chase & Co	156,125	$8.996M	2.3%	$36.38	+13.2%	COM	46625H100
—	Anheuser-Busch Cos Inc	73,338	$8.429M	2.2%	$90.26	—	COM	035229103
TEVA	Teva Pharmaceutical Industries	158,050	$8.285M	2.1%	$39.20	—	COM	881624209
—	General Electric Co.	314,415	$8.263M	2.1%	$23.19	—	COM	369604103
—	Tronox Ltd.	300,190	$8.075M	2.1%	$20.15	—	COM	897051306
UNH	United Health Group Inc.	97,217	$7.947M	2.1%	$50.94	+28.0%	COM	91324P102
NVS	Novartis AG ADR	86,418	$7.823M	2.0%	$70.71	—	COM	66987V109
SYK	Stryker Corp	91,700	$7.732M	2.0%	$56.92	+25.0%	COM	863667101
ZBH	Zimmer Holdings Inc	70,200	$7.291M	1.9%	$67.30	+31.7%	COM	98956P102
—	Buckeye Partners LP	84,584	$7.026M	1.8%	$70.16	—	PTP	118230101
AAPL	Apple Computer Inc	73,465	$6.827M	1.8%	$17.86	+4.4%	COM	037833100
MMM	Minnesota Mining & Manufacturi	47,650	$6.825M	1.8%	$61.26	+32.3%	COM	88579Y101
—	United Technologies Corp	57,110	$6.593M	1.7%	$92.94	—	COM	913017109
SCHW	Charles Schwab Corp	243,686	$6.562M	1.7%	$15.92	+43.6%	COM	808513105
CVX	ChevronTexaco Corp	49,300	$6.436M	1.7%	$71.34	+6.4%	COM	166764100
—	Enbridge Energy Partners LP	169,676	$6.266M	1.6%	$30.49	—	PTP	29250R106
JNJ	Johnson & Johnson	58,824	$6.154M	1.6%	$59.66	+22.6%	COM	478160104
—	Enduro Royalty Trust	433,953	$6.002M	1.5%	$13.81	—	COM	29269k100
—	Energy Transfer Partners LP	102,533	$5.944M	1.5%	$50.54	—	PTP	29273R109
PAA	Plains All American Pipeline (	98,862	$5.937M	1.5%	$55.81	—	PTP	726503105
—	EMC Corp/Massachusetts	219,840	$5.791M	1.5%	$23.64	—	COM	268648102
—	Viacom CL B	66,385	$5.758M	1.5%	$68.03	—	COM	92553P201
CSCO	Cisco Systems Inc	231,560	$5.754M	1.5%	$15.25	+9.1%	COM	17275R102
PG	Procter & Gamble Co	72,374	$5.688M	1.5%	$55.00	+6.0%	COM	742718109
SLB	Schlumberger Ltd	46,050	$5.432M	1.4%	$53.61	+39.6%	COM	806857108
ORCL	Oracle Corp	131,386	$5.325M	1.4%	$27.57	+25.7%	COM	68389X105
—	Thoratec Corp	149,665	$5.217M	1.3%	$31.31	—	COM	885175307
—	Medtronic Inc	78,150	$4.983M	1.3%	$51.47	—	COM	585055106
—	Alter NRG Corp	1,523,438	$4.739M	1.2%	$0.37	—	COM	02145w101
TXN	Texas Instruments Inc	93,200	$4.454M	1.1%	$25.54	+33.1%	COM	882508104
—	Williams Partners LP	81,969	$4.45M	1.1%	$51.60	—	PTP	96950F104
MCK	McKesson Corp	23,250	$4.329M	1.1%	$102.14	+59.8%	COM	58155Q103
AMAT	Applied Materials Inc	189,050	$4.263M	1.1%	$12.22	+43.9%	COM	038222105
—	Container Store Group	149,015	$4.14M	1.1%	$27.78	—	COM	210751103
—	OM Group Inc	127,580	$4.137M	1.1%	$30.92	—	COM	670872100
—	Verifone Systems, Inc.	108,700	$3.995M	1.0%	$26.82	—	COM	92342y109
—	Aetna Inc	47,700	$3.868M	1.0%	$63.54	—	COM	00817Y108
—	General Motors Corp	101,800	$3.695M	1.0%	$33.33	—	COM	370442105
KSS	Kohls Corp	68,025	$3.584M	0.9%	$49.51	+9.4%	COM	500255104
—	Chubb Corp	38,600	$3.558M	0.9%	$84.64	—	COM	171232101
—	Nustar GP Holdings LLC	88,932	$3.478M	0.9%	$26.73	—	PTP	67059L102
—	Magellan Midstream Partners (L	40,000	$3.362M	0.9%	$54.50	—	PTP	559080106
CSX	CSX Corp	106,670	$3.287M	0.8%	$6.68	+21.2%	COM	126408103
MSFT	Microsoft Corp	77,873	$3.247M	0.8%	$26.70	+27.2%	COM	594918104
YUM	Yum! Brands Inc.	39,944	$3.243M	0.8%	$38.97	+14.6%	COM	988498101
NEE	NextEra Energy, Inc.	31,568	$3.235M	0.8%	$14.15	+26.6%	COM	65339F101
—	Royal Dutch Petroleum Co	38,400	$3.163M	0.8%	$63.80	—	COM	780259206
—	Australia and New Zealand Bank	100,000	$3.145M	0.8%	$26.12	—	COM	052528304
—	American Water Works Co Inc	63,400	$3.135M	0.8%	$41.23	—	COM	030Y20103
DE	Deere & Co	33,472	$3.031M	0.8%	$68.04	+8.9%	COM	244199105
EIX	Edison International	51,800	$3.01M	0.8%	$30.71	+16.8%	COM	281020107
BK	Bank of New York Co Inc/The	78,356	$2.937M	0.8%	$21.22	+22.9%	COM	064058100
UNP	Union Pacific Corp	28,940	$2.887M	0.7%	$65.92	+13.4%	COM	907818108
PPG	PPG Industries Inc	13,200	$2.774M	0.7%	$59.61	+35.8%	COM	693506107
WFC	Wells Fargo & Co	49,010	$2.576M	0.7%	$27.91	+30.1%	COM	949746101
—	Kinder Morgan Energy Partners	29,250	$2.405M	0.6%	$85.39	—	PTP	494550106
CME	CME Group, Inc.	33,790	$2.397M	0.6%	$39.16	+13.5%	COM	12572Q105
—	Cleco Corp	40,000	$2.358M	0.6%	$46.42	—	COM	12561W105
—	Duke Energy Corp	29,791	$2.21M	0.6%	$67.45	—	COM	26441C105
—	Plum Creek Timber Co Inc (REIT	46,150	$2.081M	0.5%	$46.67	—	COM	729251108
PFE	Pfizer Inc	69,506	$2.063M	0.5%	$16.56	+6.0%	COM	717081103
IVV	iShares S&P 500 Index Fund/US	8,179	$1.611M	0.4%	$163.22	—	COM	464287200
INTC	Intel Corp	48,159	$1.488M	0.4%	$17.18	+20.4%	COM	458140100
VTR	Ventas Inc (REIT)	22,223	$1.424M	0.4%	$49.18	-9.5%	COM	92276F100
—	Time Warner Inc	20,254	$1.423M	0.4%	$57.82	—	COM	887317105
CL	Colgate-Palmolive Co	20,000	$1.364M	0.4%	$44.54	+15.0%	COM	194162103
OXY	Occidental Petroleum Corp	12,024	$1.234M	0.3%	$57.83	+14.4%	COM	674599105
VWO	Vanguard MSCI Emerging Mkts	28,095	$1.212M	0.3%	$40.60	—	COM	922042858
—	Oneok Partners LP	18,400	$1.078M	0.3%	$49.54	—	PTP	68268N103
COST	Costco Wholesale Corp	9,204	$1.06M	0.3%	$86.75	+5.8%	COM	22160K105
ALV	Autoliv Inc	9,500	$1.013M	0.3%	$40.38	+41.8%	COM	052800109
—	Linear Technology Corp	20,416	$961K	0.2%	$36.84	—	COM	535678106
DDEJF	Dundee Bancorp Inc.	58,111	$938K	0.2%	$22.10	-31.0%	COM	264901109
INTU	Intuit Inc	11,630	$937K	0.2%	$54.39	+29.0%	COM	461202103
MDU	MDU Resources Group Inc	26,324	$924K	0.2%	$6.58	+39.1%	COM	552690109
SO	Southern Co/The	19,000	$862K	0.2%	$26.74	+0.8%	COM	842587107
—	Dream Unlimited Corp	58,111	$844K	0.2%	$10.55	—	COM	26153M200
NI	NiSource Inc	21,200	$834K	0.2%	$7.81	+28.8%	COM	65473P105
TGT	Target Corp	13,376	$775K	0.2%	$47.01	-11.4%	COM	87612E106
—	Time Warner Cable	5,105	$752K	0.2%	$112.44	—	COM	88732J207
BMY	Bristol-Myers Squibb Co	15,000	$728K	0.2%	$29.94	+11.9%	COM	110122108
T	AT&T Corp	20,103	$711K	0.2%	$10.85	+8.5%	COM	00206R102
CLPHY	CLP Holdings Ltd	86,400	$707K	0.2%	$8.16	—	COM	18946Q101
BP	BP PLC	12,832	$677K	0.2%	$41.77	—	COM	055622104
—	Source Capital Inc.	9,574	$670K	0.2%	$61.73	—	COM	836144105
—	Comcast Corp	11,811	$630K	0.2%	$39.71	—	COM	20030n200
EMR	Emerson Electric Co.	9,313	$618K	0.2%	$40.02	+22.8%	COM	291011104
—	AbbVie Inc.	10,038	$567K	0.1%	$41.34	—	COM	002874y10
—	Ensco PLC	10,000	$556K	0.1%	$58.10	—	COM	29358Q109
MA	Mastercard, Inc.	6,750	$496K	0.1%	$70.60	-1.9%	COM	57636Q104
—	Walgreen Co	6,550	$486K	0.1%	$44.27	—	COM	931422109
AMGN	Amgen Inc.	3,989	$472K	0.1%	$73.34	+13.7%	COM	031162100
SRE	Sempra Energy	4,400	$461K	0.1%	$27.84	+24.3%	COM	816851109
BAX	Baxter International Inc	6,000	$434K	0.1%	$30.42	+7.5%	COM	071813109
—	Dow Chemical Co	8,131	$418K	0.1%	$32.22	—	COM	260543103
ABT	Abbott Laboratories	10,038	$411K	0.1%	$28.85	+9.2%	COM	002824100
—	United Parcel Service Inc	4,000	$411K	0.1%	$86.50	—	COM	013104104
IWS	iShares Russell Midcap Value I	5,510	$400K	0.1%	$58.64	—	COM	464287473
—	Spectra Energy	9,290	$395K	0.1%	$34.45	—	COM	847560109
—	Du Pont El de Nemours & Co.	5,951	$389K	0.1%	$52.46	—	COM	263534109
IEV	iShares S&P Euro 350 Index	7,570	$368K	0.1%	$39.47	—	COM	464287861
IWP	iShares Russell Midcap Growth	4,013	$359K	0.1%	$71.84	—	COM	464287481
BCE	BCE Inc	7,918	$359K	0.1%	$22.29	+3.4%	COM	05534B760
MRK	Merck & Co Inc	5,967	$345K	0.1%	$30.02	+26.5%	COM	58933Y105
BAC	Bank of America Corp	21,668	$333K	0.1%	$10.03	+22.1%	COM	060505104
—	Hewlett-Packard Co	9,869	$332K	0.1%	$24.83	—	COM	428236103
HON	Honeywell International Inc	3,350	$311K	0.1%	$53.13	+23.7%	COM	438516106
—	Hospitality Properties Trust (	10,000	$304K	0.1%	$26.30	—	COM	44106M102
—	Safeway Inc.	8,591	$295K	0.1%	$23.63	—	COM	786514208
—	Vodaphone Group Plc	8,626	$288K	0.1%	$28.76	—	COM	92857W100
—	Canadian Pacific Railway Ltd	1,500	$272K	0.1%	$151.33	—	COM	135923100
KIM	Kimco Realty Corp (Reit)	11,738	$270K	0.1%	$12.61	+3.5%	COM	49446R109
KRO	Kronos Worldwide Inc	15,700	$246K	0.1%	$8.24	+0.0%	COM	50105F105
—	Praxair Inc	1,850	$246K	0.1%	$115.14	—	COM	74005P104
VZ	Verizon Communications Inc	4,458	$218K	0.1%	$25.87	+3.6%	COM	92343V104
USB	US Bancorp	5,000	$217K	0.1%	$25.38	+10.0%	COM	902973304
CAH	Cardinal Health Inc	3,108	$213K	0.1%	$44.20	+12.3%	COM	14149Y108
PM	Phillip Morris International	2,500	$211K	0.1%	$49.85	-3.2%	COM	718172109
STT	State Street Corp	3,000	$202K	0.1%	$50.63	-5.4%	COM	857477103
—	Starwood Hotels & Resorts Worl	2,481	$201K	0.1%	$81.02	—	COM	85590A203
ABR	Arbor Realty Trust (REIT)	11,100	$77,000	0.0%	$6.31	—	COM	038923108
PMTYF	Playmates Toys	173,000	$66,000	0.0%	$0.06	+223.6%	COM	G7147S100
DOMR	Dominion RES Black Warrior (LP	10,000	$60,000	0.0%	$4.20	—	PTP	25746Q108
—	Western Forest Products	13,000	$27,000	0.0%	$1.80	—	COM	958211203