Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PEP	Pepsico Inc.	141,692	$13.23M	3.4%	$56.00	+23.8%	COM	713448108
UNH	United Health Group Inc.	96,933	$11.83M	3.0%	$50.94	+95.5%	COM	91324P102
JPM	JP Morgan Chase & Co	156,125	$10.58M	2.7%	$36.38	+35.1%	COM	46625H100
TMO	Thermo Electron Corp	78,748	$10.22M	2.6%	$79.76	+58.3%	COM	883556102
EPD	Enterprise Products Partners L	330,211	$9.87M	2.5%	$51.23	—	PTP	293792107
TEVA	Teva Pharmaceutical Industries	158,050	$9.341M	2.4%	$39.20	—	COM	881624209
—	Anheuser-Busch Cos Inc	72,838	$8.789M	2.3%	$90.26	—	COM	035229103
SYK	Stryker Corp	91,700	$8.764M	2.3%	$56.92	+47.2%	COM	863667101
NVS	Novartis AG ADR	85,968	$8.454M	2.2%	$70.71	—	COM	66987V109
IBM	International Business Machine	51,851	$8.434M	2.2%	$118.25	-12.9%	COM	459200101
—	General Electric Co.	314,415	$8.354M	2.2%	$23.19	—	COM	369604103
SCHW	Charles Schwab Corp	243,686	$7.956M	2.1%	$15.92	+74.3%	COM	808513105
ZBH	Zimmer Holdings Inc	70,200	$7.668M	2.0%	$67.30	+50.8%	COM	98956P102
XOM	Exxon Mobil Corp	91,450	$7.609M	2.0%	$53.70	+1.1%	COM	30231G102
MMM	Minnesota Mining & Manufacturi	47,650	$7.352M	1.9%	$61.26	+54.8%	COM	88579Y101
—	Thoratec Corp	149,865	$6.679M	1.7%	$31.31	—	COM	885175307
—	United Technologies Corp	57,510	$6.38M	1.6%	$92.94	—	COM	913017109
CSCO	Cisco Systems Inc	231,560	$6.359M	1.6%	$15.25	+35.3%	COM	17275R102
—	Buckeye Partners LP	84,584	$6.253M	1.6%	$70.16	—	PTP	118230101
—	Viacom CL B	95,360	$6.164M	1.6%	$70.14	—	COM	92553P201
—	Aetna Inc	47,700	$6.08M	1.6%	$63.54	—	COM	00817Y108
—	EMC Corp/Massachusetts	219,840	$5.802M	1.5%	$23.64	—	COM	268648102
JNJ	Johnson & Johnson	58,824	$5.733M	1.5%	$59.66	+24.9%	COM	478160104
PG	Procter & Gamble Co	72,374	$5.663M	1.5%	$55.00	+9.0%	COM	742718109
—	Enbridge Energy Partners LP	169,676	$5.655M	1.5%	$30.49	—	PTP	29250R106
—	Discovery Communications, Inc.	168,969	$5.62M	1.4%	$33.50	—	COM	039014718
—	Walgreens Boots Alliance Inc	66,550	$5.619M	1.4%	$76.20	—	COM	931427108
—	Medtronic PLC	74,866	$5.548M	1.4%	$51.47	—	COM	585055106
—	Alter NRG Corp	1,525,687	$5.508M	1.4%	$3.61	—	COM	02145w309
—	Energy Transfer Partners LP	102,533	$5.352M	1.4%	$50.54	—	PTP	29273R109
ORCL	Oracle Corp	131,386	$5.295M	1.4%	$27.57	+34.2%	COM	68389X105
MCK	McKesson Corp	23,250	$5.227M	1.3%	$102.14	+108.7%	COM	58155Q103
M	Macy's Inc	74,230	$5.008M	1.3%	$64.77	+4.3%	COM	55616P104
CVX	ChevronTexaco Corp	49,490	$4.774M	1.2%	$71.34	-6.9%	COM	166764100
—	Tronox Ltd.	300,190	$4.392M	1.1%	$20.15	—	COM	897051306
PAA	Plains All American Pipeline (	98,862	$4.307M	1.1%	$55.81	—	PTP	726503105
SLB	Schlumberger Ltd	46,050	$3.969M	1.0%	$53.61	+24.5%	COM	806857108
—	Container Store Group	233,980	$3.947M	1.0%	$24.64	—	COM	210751103
—	Verifone Systems, Inc.	108,700	$3.691M	1.0%	$26.82	—	COM	92342y109
—	Chubb Corp	38,600	$3.672M	0.9%	$84.64	—	COM	171232101
AMAT	Applied Materials Inc	189,050	$3.634M	0.9%	$12.22	+47.5%	COM	038222105
YUM	Yum! Brands Inc.	39,944	$3.598M	0.9%	$38.97	+33.4%	COM	988498101
—	GasLog Ltd.	177,999	$3.551M	0.9%	$20.35	—	COM	G37585109
CSX	CSX Corp	106,670	$3.483M	0.9%	$6.68	+47.0%	COM	126408103
—	Williams Partners LP	71,261	$3.451M	0.9%	$51.60	—	PTP	96950F104
MSFT	Microsoft Corp	77,873	$3.438M	0.9%	$26.70	+47.1%	COM	594918104
—	Nustar GP Holdings LLC	88,932	$3.385M	0.9%	$26.73	—	PTP	67059L102
BK	Bank of New York Co Inc/The	78,356	$3.289M	0.8%	$21.22	+54.0%	COM	064058100
DE	Deere & Co	33,472	$3.248M	0.8%	$68.04	+10.8%	COM	244199105
—	Hertz Global Hldings Inc	175,211	$3.175M	0.8%	$18.72	—	COM	42805t105
CME	CME Group, Inc.	33,790	$3.144M	0.8%	$39.16	+57.3%	COM	12572Q105
NEE	NextEra Energy, Inc.	31,568	$3.095M	0.8%	$14.15	+36.3%	COM	65339F101
—	American Water Works Co Inc	63,400	$3.083M	0.8%	$41.23	—	COM	030Y20103
PPG	PPG Industries Inc	26,400	$3.029M	0.8%	$77.00	+22.6%	COM	693506107
—	Magellan Midstream Partners (L	40,000	$2.935M	0.8%	$54.50	—	PTP	559080106
LVS	Las Vegas Sands Corp	53,410	$2.808M	0.7%	$40.73	-3.1%	COM	517834107
UNP	Union Pacific Corp	29,019	$2.768M	0.7%	$65.92	+24.4%	COM	907818108
WFC	Wells Fargo & Co	49,010	$2.756M	0.7%	$27.91	+48.3%	COM	949746101
—	Australia and New Zealand Bank	100,000	$2.476M	0.6%	$26.12	—	COM	052528304
—	JGWPT Holdings Inc	260,456	$2.396M	0.6%	$9.20	—	COM	46618d108
PFE	Pfizer Inc	69,506	$2.331M	0.6%	$16.56	+25.5%	COM	717081103
POST	Post Holdings Inc.	41,373	$2.231M	0.6%	$30.86	0.0%	COM	737446104
—	Royal Dutch Petroleum Co	38,400	$2.189M	0.6%	$63.80	—	COM	780259206
—	Cleco Corp	40,000	$2.154M	0.6%	$46.42	—	COM	12561W105
—	Duke Energy Corp	29,791	$2.104M	0.5%	$67.45	—	COM	26441C105
—	Plum Creek Timber Co Inc (REIT	46,150	$1.872M	0.5%	$46.67	—	COM	729251108
—	Time Warner Inc	20,254	$1.77M	0.5%	$57.82	—	COM	887317105
IVV	iShares S&P 500 Index Fund/US	8,044	$1.667M	0.4%	$163.22	—	COM	464287200
EIX	Edison International	30,000	$1.667M	0.4%	$30.71	+28.5%	COM	281020107
INTC	Intel Corp	48,159	$1.465M	0.4%	$17.18	+46.1%	COM	458140100
VZ	Verizon Communications Inc	29,708	$1.385M	0.4%	$27.39	+3.4%	COM	92343V104
VTR	Ventas Inc (REIT)	22,223	$1.38M	0.4%	$49.18	-0.5%	COM	92276F100
—	Wynn Resorts Ltd.	13,662	$1.348M	0.3%	$98.67	—	COM	983143410
CL	Colgate-Palmolive Co	20,000	$1.308M	0.3%	$44.54	+18.9%	COM	194162103
COST	Costco Wholesale Corp	9,204	$1.243M	0.3%	$86.75	+38.6%	COM	22160K105
INTU	Intuit Inc	11,630	$1.172M	0.3%	$54.39	+72.5%	COM	461202103
VWO	Vanguard MSCI Emerging Mkts	27,959	$1.143M	0.3%	$40.60	—	COM	922042858
ALV	Autoliv Inc	9,500	$1.109M	0.3%	$40.38	+70.4%	COM	052800109
TGT	Target Corp	13,376	$1.092M	0.3%	$47.01	+25.6%	COM	87612E106
—	Enduro Royalty Trust	256,700	$1.076M	0.3%	$13.81	—	COM	29269k100
BMY	Bristol-Myers Squibb Co	15,000	$998K	0.3%	$29.94	+53.7%	COM	110122108
NI	NiSource Inc	21,200	$967K	0.2%	$7.81	+62.6%	COM	65473P105
OXY	Occidental Petroleum Corp	12,024	$935K	0.2%	$57.83	-1.7%	COM	674599105
TXN	Texas Instruments Inc	17,800	$917K	0.2%	$25.54	+61.5%	COM	882508104
—	Time Warner Cable	5,105	$910K	0.2%	$112.44	—	COM	88732J207
SO	Southern Co/The	19,000	$796K	0.2%	$26.74	+3.9%	COM	842587107
CLPHY	CLP Holdings Ltd	86,400	$740K	0.2%	$8.16	—	COM	18946Q101
T	AT&T Corp	20,113	$714K	0.2%	$10.87	+12.4%	COM	00206R102
—	Comcast Corp	11,811	$708K	0.2%	$39.71	—	COM	20030n200
—	Source Capital Inc.	9,574	$696K	0.2%	$61.73	—	COM	836144105
—	AbbVie Inc.	10,038	$674K	0.2%	$41.34	—	COM	002874y10
MA	Mastercard, Inc.	6,750	$631K	0.2%	$70.60	+22.0%	COM	57636Q104
—	Oneok Partners LP	18,400	$626K	0.2%	$49.54	—	PTP	68268N103
AMGN	Amgen Inc.	3,989	$612K	0.2%	$73.34	+60.3%	COM	031162100
DDEJF	Dundee Bancorp Inc.	58,111	$584K	0.2%	$22.10	-56.9%	COM	264901109
EMR	Emerson Electric Co.	9,313	$516K	0.1%	$40.02	+10.5%	COM	291011104
MDU	MDU Resources Group Inc	26,324	$514K	0.1%	$6.58	-12.0%	COM	552690109
BP	BP PLC	12,832	$513K	0.1%	$41.77	—	COM	055622104
ABT	Abbott Laboratories	10,038	$493K	0.1%	$28.85	+36.4%	COM	002824100
SRE	Sempra Energy	4,400	$435K	0.1%	$27.84	+35.9%	COM	816851109
BAX	Baxter International Inc	6,000	$420K	0.1%	$30.42	+3.5%	COM	071813109
—	Dow Chemical Co	8,131	$416K	0.1%	$32.22	—	COM	260543103
IWS	iShares Russell Midcap Value I	5,446	$402K	0.1%	$58.64	—	COM	464287473
—	United Parcel Service Inc	4,000	$388K	0.1%	$86.50	—	COM	013104104
IWP	iShares Russell Midcap Growth	3,934	$381K	0.1%	$71.84	—	COM	464287481
—	Du Pont El de Nemours & Co.	5,951	$381K	0.1%	$52.46	—	COM	263534109
BAC	Bank of America Corp	21,668	$369K	0.1%	$10.03	+31.0%	COM	060505104
HON	Honeywell International Inc	3,350	$342K	0.1%	$53.13	+40.7%	COM	438516106
MRK	Merck & Co Inc	5,967	$340K	0.1%	$30.02	+34.0%	COM	58933Y105
BCE	BCE Inc	7,918	$337K	0.1%	$22.29	+5.9%	COM	05534B760
—	Vodaphone Group Plc	8,627	$314K	0.1%	$28.76	—	COM	92857W100
IEV	iShares S&P Euro 350 Index	7,161	$313K	0.1%	$39.55	—	COM	464287861
—	Spectra Energy	9,290	$303K	0.1%	$34.45	—	COM	847560109
—	Hewlett-Packard Co	9,869	$296K	0.1%	$24.83	—	COM	428236103
—	Hospitality Properties Trust (	10,000	$288K	0.1%	$26.30	—	COM	44106M102
KIM	Kimco Realty Corp (Reit)	11,738	$265K	0.1%	$12.61	+15.6%	COM	49446R109
CAH	Cardinal Health Inc	3,108	$260K	0.1%	$44.20	+48.3%	COM	14149Y108
—	Linear Technology Corp	5,516	$244K	0.1%	$36.84	—	COM	535678106
—	Canadian Pacific Railway Ltd	1,500	$240K	0.1%	$151.33	—	COM	135923100
STT	State Street Corp	3,000	$231K	0.1%	$50.63	+13.8%	COM	857477103
—	Ensco PLC	10,000	$223K	0.1%	$58.10	—	COM	29358Q109
—	Praxair Inc	1,850	$221K	0.1%	$115.14	—	COM	74005P104
USB	US Bancorp	5,000	$217K	0.1%	$25.38	+17.9%	COM	902973304
—	Berkshire Hathaway, Inc. Class	100	$205K	0.1%	$2070.00	—	COM	084990175
—	Starwood Hotels & Resorts Worl	2,481	$201K	0.1%	$81.02	—	COM	85590A203
PM	Phillip Morris International	2,500	$200K	0.1%	$48.32	0.0%	COM	718172109
ET	Energy Transfer Equity LP	3,000	$193K	0.0%	$63.33	—	PTP	29273V100
KRO	Kronos Worldwide Inc	15,700	$172K	0.0%	$8.24	-15.2%	COM	50105F105
GILD	Gilead Sciences	1,400	$164K	0.0%	$75.98	0.0%	COM	375558103
ABR	Arbor Realty Trust (REIT)	11,100	$75,000	0.0%	$6.31	—	COM	038923108
DOMR	Dominion RES Black Warrior (LP	10,000	$35,000	0.0%	$4.20	—	PTP	25746Q108
—	Western Forest Products	13,000	$23,000	0.0%	$1.80	—	COM	958211203