Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PEP	Pepsico Inc.	141,692	$13.4M	3.5%	$56.00	+22.5%	COM	713448108
EPD	Enterprise Products Partners L	328,441	$11.86M	3.1%	$51.23	—	PTP	293792107
TMO	Thermo Electron Corp	78,748	$9.866M	2.6%	$79.76	+47.3%	COM	883556102
UNH	United Health Group Inc.	97,017	$9.807M	2.5%	$50.94	+55.6%	COM	91324P102
JPM	JP Morgan Chase & Co	156,125	$9.77M	2.5%	$36.38	+22.9%	COM	46625H100
TEVA	Teva Pharmaceutical Industries	158,050	$9.089M	2.4%	$39.20	—	COM	881624209
SYK	Stryker Corp	91,700	$8.65M	2.2%	$56.92	+36.8%	COM	863667101
XOM	Exxon Mobil Corp	91,450	$8.455M	2.2%	$53.70	+8.0%	COM	30231G102
IBM	International Business Machine	51,851	$8.319M	2.2%	$118.25	-15.0%	COM	459200101
—	Anheuser-Busch Cos Inc	72,838	$8.181M	2.1%	$90.26	—	COM	035229103
NVS	Novartis AG ADR	86,418	$8.007M	2.1%	$70.71	—	COM	66987V109
ZBH	Zimmer Holdings Inc	70,200	$7.962M	2.1%	$67.30	+42.9%	COM	98956P102
—	General Electric Co.	314,415	$7.945M	2.1%	$23.19	—	COM	369604103
MMM	Minnesota Mining & Manufacturi	47,650	$7.83M	2.0%	$61.26	+46.4%	COM	88579Y101
SCHW	Charles Schwab Corp	243,686	$7.357M	1.9%	$15.92	+56.1%	COM	808513105
—	Tronox Ltd.	300,190	$7.169M	1.9%	$20.15	—	COM	897051306
—	Viacom CL B	94,160	$7.086M	1.8%	$70.16	—	COM	92553P201
—	Enbridge Energy Partners LP	169,676	$6.77M	1.8%	$30.49	—	PTP	29250R106
—	Energy Transfer Partners LP	102,533	$6.665M	1.7%	$50.54	—	PTP	29273R109
—	United Technologies Corp	57,510	$6.614M	1.7%	$92.94	—	COM	913017109
PG	Procter & Gamble Co	72,374	$6.593M	1.7%	$55.00	+17.5%	COM	742718109
—	EMC Corp/Massachusetts	219,840	$6.538M	1.7%	$23.64	—	COM	268648102
CSCO	Cisco Systems Inc	231,560	$6.441M	1.7%	$15.25	+20.0%	COM	17275R102
—	Buckeye Partners LP	84,584	$6.4M	1.7%	$70.16	—	PTP	118230101
JNJ	Johnson & Johnson	58,824	$6.151M	1.6%	$59.66	+29.6%	COM	478160104
ORCL	Oracle Corp	131,386	$5.908M	1.5%	$27.57	+25.1%	COM	68389X105
CVX	ChevronTexaco Corp	49,300	$5.53M	1.4%	$71.34	-1.1%	COM	166764100
—	Medtronic Inc	75,033	$5.417M	1.4%	$51.47	—	COM	585055106
PAA	Plains All American Pipeline (	98,862	$5.074M	1.3%	$55.81	—	PTP	726503105
—	Walgreens Boots Alliance Inc	66,550	$5.071M	1.3%	$76.20	—	COM	931427108
—	Thoratec Corp	149,865	$4.865M	1.3%	$31.31	—	COM	885175307
MCK	McKesson Corp	23,250	$4.826M	1.3%	$102.14	+83.0%	COM	58155Q103
AMAT	Applied Materials Inc	189,050	$4.711M	1.2%	$12.22	+60.9%	COM	038222105
—	Discovery Communications, Inc.	125,569	$4.326M	1.1%	$34.45	—	COM	039014718
—	Container Store Group	225,980	$4.323M	1.1%	$24.84	—	COM	210751103
—	Aetna Inc	47,700	$4.237M	1.1%	$63.54	—	COM	00817Y108
KSS	Kohls Corp	68,025	$4.152M	1.1%	$49.51	+16.7%	COM	500255104
—	Verifone Systems, Inc.	108,700	$4.044M	1.0%	$26.82	—	COM	92342y109
—	Chubb Corp	38,600	$3.994M	1.0%	$84.64	—	COM	171232101
SLB	Schlumberger Ltd	46,050	$3.933M	1.0%	$53.61	+25.6%	COM	806857108
CSX	CSX Corp	106,670	$3.865M	1.0%	$6.68	+47.2%	COM	126408103
—	Williams Partners LP	82,219	$3.679M	1.0%	$51.60	—	PTP	96950F104
—	Alter NRG Corp	1,525,687	$3.646M	0.9%	$0.37	—	COM	02145w101
—	GasLog Ltd.	177,999	$3.622M	0.9%	$20.35	—	COM	G37585109
MSFT	Microsoft Corp	77,873	$3.617M	0.9%	$26.70	+49.3%	COM	594918104
UNP	Union Pacific Corp	28,940	$3.448M	0.9%	$65.92	+35.7%	COM	907818108
—	American Water Works Co Inc	63,400	$3.379M	0.9%	$41.23	—	COM	030Y20103
NEE	NextEra Energy, Inc.	31,568	$3.355M	0.9%	$14.15	+33.5%	COM	65339F101
—	Magellan Midstream Partners (L	40,000	$3.306M	0.9%	$54.50	—	PTP	559080106
BK	Bank of New York Co Inc/The	78,356	$3.179M	0.8%	$21.22	+40.2%	COM	064058100
—	Nustar GP Holdings LLC	88,932	$3.061M	0.8%	$26.73	—	PTP	67059L102
PPG	PPG Industries Inc	13,200	$3.051M	0.8%	$59.61	+43.0%	COM	693506107
CME	CME Group, Inc.	33,790	$2.995M	0.8%	$39.16	+38.6%	COM	12572Q105
DE	Deere & Co	33,472	$2.961M	0.8%	$68.04	+3.8%	COM	244199105
YUM	Yum! Brands Inc.	39,944	$2.91M	0.8%	$38.97	+8.4%	COM	988498101
WFC	Wells Fargo & Co	49,010	$2.687M	0.7%	$27.91	+38.9%	COM	949746101
—	Mankind Corp.	503,000	$2.623M	0.7%	$5.91	—	COM	56400p201
—	Australia and New Zealand Bank	100,000	$2.6M	0.7%	$26.12	—	COM	052528304
—	Royal Dutch Petroleum Co	38,400	$2.571M	0.7%	$63.80	—	COM	780259206
—	Duke Energy Corp	29,791	$2.489M	0.6%	$67.45	—	COM	26441C105
—	Cleco Corp	40,000	$2.182M	0.6%	$46.42	—	COM	12561W105
PFE	Pfizer Inc	69,506	$2.165M	0.6%	$16.56	+8.5%	COM	717081103
—	Plum Creek Timber Co Inc (REIT	46,150	$1.975M	0.5%	$46.67	—	COM	729251108
EIX	Edison International	30,000	$1.964M	0.5%	$30.71	+31.2%	COM	281020107
—	OM Group Inc	65,167	$1.942M	0.5%	$30.92	—	COM	670872100
INTC	Intel Corp	48,159	$1.748M	0.5%	$17.18	+55.0%	COM	458140100
—	Time Warner Inc	20,254	$1.73M	0.4%	$57.82	—	COM	887317105
IVV	iShares S&P 500 Index Fund/US	7,979	$1.651M	0.4%	$163.22	—	COM	464287200
VTR	Ventas Inc (REIT)	22,223	$1.593M	0.4%	$49.18	-1.8%	COM	92276F100
CL	Colgate-Palmolive Co	20,000	$1.384M	0.4%	$44.54	+17.2%	COM	194162103
VZ	Verizon Communications Inc	29,458	$1.378M	0.4%	$27.39	+1.0%	COM	92343V104
COST	Costco Wholesale Corp	9,204	$1.305M	0.3%	$86.75	+26.1%	COM	22160K105
—	Enduro Royalty Trust	256,700	$1.237M	0.3%	$13.81	—	COM	29269k100
VWO	Vanguard MSCI Emerging Mkts	27,958	$1.119M	0.3%	$40.60	—	COM	922042858
INTU	Intuit Inc	11,630	$1.072M	0.3%	$54.39	+49.5%	COM	461202103
TXN	Texas Instruments Inc	19,400	$1.037M	0.3%	$25.54	+46.2%	COM	882508104
TGT	Target Corp	13,376	$1.015M	0.3%	$47.01	+3.4%	COM	87612E106
ALV	Autoliv Inc	9,500	$1.008M	0.3%	$40.38	+34.3%	COM	052800109
OXY	Occidental Petroleum Corp	12,024	$969K	0.3%	$57.83	+2.5%	COM	674599105
SO	Southern Co/The	19,000	$933K	0.2%	$26.74	+10.3%	COM	842587107
NI	NiSource Inc	21,200	$899K	0.2%	$7.81	+47.0%	COM	65473P105
BMY	Bristol-Myers Squibb Co	15,000	$885K	0.2%	$29.94	+30.0%	COM	110122108
—	Time Warner Cable	5,105	$776K	0.2%	$112.44	—	COM	88732J207
CLPHY	CLP Holdings Ltd	86,400	$746K	0.2%	$8.16	—	COM	18946Q101
—	Oneok Partners LP	18,400	$729K	0.2%	$49.54	—	PTP	68268N103
T	AT&T Corp	20,403	$685K	0.2%	$10.87	+8.7%	COM	00206R102
—	Source Capital Inc.	9,574	$684K	0.2%	$61.73	—	COM	836144105
—	Comcast Corp	11,811	$680K	0.2%	$39.71	—	COM	20030n200
—	AbbVie Inc.	10,038	$657K	0.2%	$41.34	—	COM	002874y10
DDEJF	Dundee Bancorp Inc.	58,111	$639K	0.2%	$22.10	-40.4%	COM	264901109
AMGN	Amgen Inc.	3,989	$635K	0.2%	$73.34	+54.5%	COM	031162100
MDU	MDU Resources Group Inc	26,324	$619K	0.2%	$6.58	+4.0%	COM	552690109
MA	Mastercard, Inc.	6,750	$582K	0.2%	$70.60	+8.1%	COM	57636Q104
EMR	Emerson Electric Co.	9,313	$575K	0.1%	$40.02	+16.0%	COM	291011104
SRE	Sempra Energy	4,400	$490K	0.1%	$27.84	+38.1%	COM	816851109
BP	BP PLC	12,832	$489K	0.1%	$41.77	—	COM	055622104
ABT	Abbott Laboratories	10,038	$452K	0.1%	$28.85	+22.4%	COM	002824100
—	United Parcel Service Inc	4,000	$445K	0.1%	$86.50	—	COM	013104104
BAX	Baxter International Inc	6,000	$440K	0.1%	$30.42	+6.2%	COM	071813109
—	Du Pont El de Nemours & Co.	5,951	$440K	0.1%	$52.46	—	COM	263534109
IWS	iShares Russell Midcap Value I	5,409	$399K	0.1%	$58.64	—	COM	464287473
—	Hewlett-Packard Co	9,869	$396K	0.1%	$24.83	—	COM	428236103
BAC	Bank of America Corp	21,668	$388K	0.1%	$10.03	+35.2%	COM	060505104
—	Dow Chemical Co	8,131	$371K	0.1%	$32.22	—	COM	260543103
IWP	iShares Russell Midcap Growth	3,920	$365K	0.1%	$71.84	—	COM	464287481
BCE	BCE Inc	7,918	$363K	0.1%	$22.29	+5.7%	COM	05534B760
MRK	Merck & Co Inc	5,967	$339K	0.1%	$30.02	+31.1%	COM	58933Y105
—	Spectra Energy	9,290	$337K	0.1%	$34.45	—	COM	847560109
HON	Honeywell International Inc	3,350	$335K	0.1%	$53.13	+28.5%	COM	438516106
—	Hospitality Properties Trust (	10,000	$310K	0.1%	$26.30	—	COM	44106M102
—	Ensco PLC	10,000	$299K	0.1%	$58.10	—	COM	29358Q109
IEV	iShares S&P Euro 350 Index	7,034	$299K	0.1%	$39.47	—	COM	464287861
—	Vodaphone Group Plc	8,627	$295K	0.1%	$28.76	—	COM	92857W100
KIM	Kimco Realty Corp (Reit)	11,738	$295K	0.1%	$12.61	+13.8%	COM	49446R109
—	Canadian Pacific Railway Ltd	1,500	$289K	0.1%	$151.33	—	COM	135923100
—	Healthsouth Corp	6,850	$263K	0.1%	$36.93	—	COM	421924101
—	Linear Technology Corp	5,516	$252K	0.1%	$36.84	—	COM	535678106
CAH	Cardinal Health Inc	3,108	$251K	0.1%	$44.20	+31.5%	COM	14149Y108
—	Praxair Inc	1,850	$240K	0.1%	$115.14	—	COM	74005P104
STT	State Street Corp	3,000	$235K	0.1%	$50.63	+8.8%	COM	857477103
—	Berkshire Hathaway, Inc. Class	100	$226K	0.1%	$2070.00	—	COM	084990175
USB	US Bancorp	5,000	$225K	0.1%	$25.38	+14.8%	COM	902973304
KRO	Kronos Worldwide Inc	15,700	$204K	0.1%	$8.24	-14.2%	COM	50105F105
PM	Phillip Morris International	2,500	$204K	0.1%	$49.85	-1.3%	COM	718172109
—	Starwood Hotels & Resorts Worl	2,481	$201K	0.1%	$81.02	—	COM	85590A203
ABR	Arbor Realty Trust (REIT)	11,100	$75,000	0.0%	$6.31	—	COM	038923108
DOMR	Dominion RES Black Warrior (LP	10,000	$57,000	0.0%	$4.20	—	PTP	25746Q108
—	Western Forest Products	13,000	$30,000	0.0%	$1.80	—	COM	958211203