Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PEP	Pepsico Inc.	141,692	$13.36M	4.0%	$56.00	+24.1%	COM	713448108
UNH	United Health Group Inc.	96,933	$11.24M	3.4%	$50.94	+98.7%	COM	91324P102
TMO	Thermo Electron Corp	78,748	$9.629M	2.9%	$79.76	+58.4%	COM	883556102
JPM	JP Morgan Chase & Co	156,125	$9.519M	2.8%	$36.38	+36.4%	COM	46625H100
—	Thoratec Corp	147,465	$9.329M	2.8%	$31.31	—	COM	885175307
TEVA	Teva Pharmaceutical Industries	158,050	$8.924M	2.7%	$39.20	—	COM	881624209
EPD	Enterprise Products Partners L	354,711	$8.832M	2.6%	$49.41	—	PTP	293792107
SYK	Stryker Corp	91,700	$8.629M	2.6%	$56.92	+54.4%	COM	863667101
—	General Electric Co.	314,415	$7.93M	2.4%	$23.19	—	COM	369604103
NVS	Novartis AG ADR	85,968	$7.902M	2.4%	$70.71	—	COM	66987V109
—	Anheuser-Busch Cos Inc	72,838	$7.744M	2.3%	$90.26	—	COM	035229103
IBM	International Business Machine	48,927	$7.093M	2.1%	$118.25	-19.4%	COM	459200101
SCHW	Charles Schwab Corp	243,686	$6.96M	2.1%	$15.92	+77.3%	COM	808513105
MMM	Minnesota Mining & Manufacturi	47,650	$6.755M	2.0%	$61.26	+42.8%	COM	88579Y101
ZBH	Zimmer Holdings Inc	70,630	$6.634M	2.0%	$67.30	+36.7%	COM	98956P102
XOM	Exxon Mobil Corp	88,900	$6.61M	2.0%	$53.70	-8.6%	COM	30231G102
CSCO	Cisco Systems Inc	231,560	$6.078M	1.8%	$15.25	+28.4%	COM	17275R102
—	United Technologies Corp	64,460	$5.736M	1.7%	$92.52	—	COM	913017109
—	Walgreens Boots Alliance Inc	66,550	$5.53M	1.7%	$76.20	—	COM	931427108
JNJ	Johnson & Johnson	58,824	$5.491M	1.6%	$59.66	+21.5%	COM	478160104
—	Discovery Communications, Inc.	204,469	$5.322M	1.6%	$32.20	—	COM	039014718
—	EMC Corp/Massachusetts	219,840	$5.311M	1.6%	$23.64	—	COM	268648102
—	Medtronic PLC	78,766	$5.273M	1.6%	$52.23	—	COM	585055106
—	Aetna Inc	47,700	$5.219M	1.6%	$63.54	—	COM	00817Y108
PG	Procter & Gamble Co	72,374	$5.207M	1.6%	$55.00	+2.4%	COM	742718109
—	Buckeye Partners LP	84,584	$5.013M	1.5%	$70.16	—	PTP	118230101
SLB	Schlumberger Ltd	71,900	$4.959M	1.5%	$55.52	+6.1%	COM	806857108
ORCL	Oracle Corp	131,386	$4.746M	1.4%	$27.57	+19.4%	COM	68389X105
MCK	McKesson Corp	23,250	$4.302M	1.3%	$102.14	+91.5%	COM	58155Q103
—	GasLog Ltd.	442,191	$4.254M	1.3%	$13.94	—	COM	G37585109
—	Energy Transfer Partners LP	102,533	$4.211M	1.3%	$50.54	—	PTP	29273R109
—	Viacom CL B	95,360	$4.115M	1.2%	$70.14	—	COM	92553P201
—	Enbridge Energy Partners LP	157,976	$3.905M	1.2%	$30.49	—	PTP	29250R106
M	Macy's Inc	75,530	$3.876M	1.2%	$64.73	-3.1%	COM	55616P104
CVX	ChevronTexaco Corp	44,432	$3.505M	1.0%	$71.34	-24.5%	COM	166764100
—	American Water Works Co Inc	63,400	$3.492M	1.0%	$41.23	—	COM	030Y20103
MSFT	Microsoft Corp	77,873	$3.447M	1.0%	$26.70	+45.8%	COM	594918104
YUM	Yum! Brands Inc.	39,944	$3.194M	1.0%	$38.97	+27.9%	COM	988498101
CME	CME Group, Inc.	33,790	$3.134M	0.9%	$39.16	+61.1%	COM	12572Q105
NEE	NextEra Energy, Inc.	31,568	$3.079M	0.9%	$14.15	+37.4%	COM	65339F101
BK	Bank of New York Co Inc/The	78,356	$3.068M	0.9%	$21.22	+50.8%	COM	064058100
—	Verifone Systems, Inc.	108,700	$3.014M	0.9%	$26.82	—	COM	92342y109
PAA	Plains All American Pipeline (	98,862	$3.003M	0.9%	$55.81	—	PTP	726503105
—	Hertz Global Hldings Inc	175,711	$2.94M	0.9%	$18.72	—	COM	42805t105
CSX	CSX Corp	106,670	$2.869M	0.9%	$6.68	+25.2%	COM	126408103
AMAT	Applied Materials Inc	189,050	$2.777M	0.8%	$12.22	+20.7%	COM	038222105
UNP	Union Pacific Corp	29,019	$2.566M	0.8%	$65.92	+9.5%	COM	907818108
WFC	Wells Fargo & Co	49,010	$2.517M	0.8%	$27.91	+47.2%	COM	949746101
POST	Post Holdings Inc.	41,373	$2.445M	0.7%	$30.86	+27.2%	COM	737446104
—	Magellan Midstream Partners (L	40,000	$2.404M	0.7%	$54.50	—	PTP	559080106
—	Nustar GP Holdings LLC	88,932	$2.377M	0.7%	$26.73	—	PTP	67059L102
—	Williams Partners LP	71,261	$2.275M	0.7%	$51.60	—	PTP	96950F104
PFE	Pfizer Inc	69,506	$2.183M	0.7%	$16.56	+24.4%	COM	717081103
—	Container Store Group	153,780	$2.165M	0.6%	$24.64	—	COM	210751103
—	Duke Energy Corp	29,791	$2.143M	0.6%	$67.45	—	COM	26441C105
—	Cleco Corp	40,000	$2.13M	0.6%	$46.42	—	COM	12561W105
LVS	Las Vegas Sands Corp	53,410	$2.028M	0.6%	$40.73	-7.3%	COM	517834107
—	Australia and New Zealand Bank	100,000	$1.905M	0.6%	$26.12	—	COM	052528304
EIX	Edison International	30,000	$1.892M	0.6%	$30.71	+27.9%	COM	281020107
DE	Deere & Co	25,484	$1.886M	0.6%	$68.04	+7.8%	COM	244199105
—	Plum Creek Timber Co Inc (REIT	46,150	$1.823M	0.5%	$46.67	—	COM	729251108
—	Royal Dutch Petroleum Co	38,400	$1.82M	0.5%	$63.80	—	COM	780259206
—	JGWPT Holdings Inc	317,668	$1.566M	0.5%	$8.43	—	COM	46618d108
IVV	iShares S&P 500 Index Fund/US	8,081	$1.557M	0.5%	$163.22	—	COM	464287200
INTC	Intel Corp	48,159	$1.452M	0.4%	$17.18	+31.7%	COM	458140100
—	Time Warner Inc	20,254	$1.392M	0.4%	$57.82	—	COM	887317105
COST	Costco Wholesale Corp	9,204	$1.331M	0.4%	$86.75	+37.9%	COM	22160K105
—	Tronox Ltd.	300,190	$1.312M	0.4%	$20.15	—	COM	897051306
VZ	Verizon Communications Inc	29,708	$1.293M	0.4%	$27.39	-1.4%	COM	92343V104
CL	Colgate-Palmolive Co	20,000	$1.269M	0.4%	$44.54	+15.2%	COM	194162103
VTR	Ventas Inc (REIT)	22,223	$1.246M	0.4%	$49.18	-15.5%	COM	92276F100
TGT	Target Corp	13,376	$1.052M	0.3%	$47.01	+24.7%	COM	87612E106
ALV	Autoliv Inc	9,500	$1.036M	0.3%	$40.38	+47.1%	COM	052800109
INTU	Intuit Inc	11,630	$1.032M	0.3%	$54.39	+64.4%	COM	461202103
—	Time Warner Cable	5,105	$916K	0.3%	$112.44	—	COM	88732J207
BMY	Bristol-Myers Squibb Co	15,000	$888K	0.3%	$29.94	+48.8%	COM	110122108
SO	Southern Co/The	19,000	$849K	0.3%	$26.74	+5.9%	COM	842587107
OXY	Occidental Petroleum Corp	12,024	$795K	0.2%	$57.83	-11.3%	COM	674599105
CLPHY	CLP Holdings Ltd	86,400	$746K	0.2%	$8.16	—	COM	18946Q101
VWO	Vanguard MSCI Emerging Mkts	21,967	$727K	0.2%	$40.60	—	COM	922042858
—	Wynn Resorts Ltd.	13,662	$726K	0.2%	$98.67	—	COM	983143410
ET	Energy Transfer Equity LP	32,800	$683K	0.2%	$24.71	—	PTP	29273V100
—	Comcast Corp	11,811	$676K	0.2%	$39.71	—	COM	20030n200
T	AT&T Corp	20,113	$655K	0.2%	$10.87	+12.9%	COM	00206R102
—	Source Capital Inc.	9,574	$649K	0.2%	$61.73	—	COM	836144105
MA	Mastercard, Inc.	6,750	$608K	0.2%	$70.60	+25.1%	COM	57636Q104
PPG	PPG Industries Inc	6,400	$561K	0.2%	$77.00	+9.6%	COM	693506107
AMGN	Amgen Inc.	3,989	$552K	0.2%	$73.34	+58.5%	COM	031162100
—	AbbVie Inc.	10,038	$546K	0.2%	$41.34	—	COM	002874y10
—	Oneok Partners LP	18,400	$538K	0.2%	$49.54	—	PTP	68268N103
MDU	MDU Resources Group Inc	26,324	$453K	0.1%	$6.58	-24.7%	COM	552690109
SRE	Sempra Energy	4,400	$426K	0.1%	$27.84	+27.3%	COM	816851109
EMR	Emerson Electric Co.	9,313	$411K	0.1%	$40.02	-6.7%	COM	291011104
ABT	Abbott Laboratories	10,038	$404K	0.1%	$28.85	+34.5%	COM	002824100
—	United Parcel Service Inc	4,000	$395K	0.1%	$86.50	—	COM	013104104
NI	NiSource Inc	21,200	$393K	0.1%	$7.81	+57.5%	COM	65473P105
BP	BP PLC	12,832	$392K	0.1%	$41.77	—	COM	055622104
—	Columbia Pipeline Group	21,200	$388K	0.1%	$18.30	—	COM	198280109
DDEJF	Dundee Bancorp Inc.	58,111	$376K	0.1%	$22.10	-64.6%	COM	264901109
IWS	iShares Russell Midcap Value I	5,467	$367K	0.1%	$58.64	—	COM	464287473
IWP	iShares Russell Midcap Growth	3,940	$349K	0.1%	$71.84	—	COM	464287481
—	Dow Chemical Co	8,131	$345K	0.1%	$32.22	—	COM	260543103
BAC	Bank of America Corp	21,668	$338K	0.1%	$10.03	+34.1%	COM	060505104
BCE	BCE Inc	7,918	$324K	0.1%	$22.29	+0.1%	COM	05534B760
HON	Honeywell International Inc	3,350	$317K	0.1%	$53.13	+38.0%	COM	438516106
MRK	Merck & Co Inc	5,967	$295K	0.1%	$30.02	+27.9%	COM	58933Y105
IEV	iShares S&P Euro 350 Index	7,287	$290K	0.1%	$39.56	—	COM	464287861
KIM	Kimco Realty Corp (Reit)	11,738	$287K	0.1%	$12.61	+14.9%	COM	49446R109
—	Du Pont El de Nemours & Co.	5,951	$287K	0.1%	$52.46	—	COM	263534109
—	Vodaphone Group Plc	8,627	$274K	0.1%	$28.76	—	COM	92857W100
—	Hospitality Properties Trust (	10,000	$256K	0.1%	$26.30	—	COM	44106M102
—	Hewlett-Packard Co	9,869	$253K	0.1%	$24.83	—	COM	428236103
—	Enduro Royalty Trust	95,316	$253K	0.1%	$13.81	—	COM	29269k100
—	Spectra Energy	9,290	$244K	0.1%	$34.45	—	COM	847560109
CAH	Cardinal Health Inc	3,108	$239K	0.1%	$44.20	+41.0%	COM	14149Y108
—	Linear Technology Corp	5,516	$223K	0.1%	$36.84	—	COM	535678106
—	Canadian Pacific Railway Ltd	1,500	$215K	0.1%	$151.33	—	COM	135923100
USB	US Bancorp	5,000	$205K	0.1%	$25.38	+17.5%	COM	902973304
STT	State Street Corp	3,000	$202K	0.1%	$50.63	+9.2%	COM	857477103
AMZN	Amazon.com Inc	360	$184K	0.1%	$25.28	0.0%	COM	023135106
—	Ensco PLC	10,000	$141K	0.0%	$58.10	—	COM	29358Q109
—	Rite Aid Corp	13,371	$81,000	0.0%	$6.06	—	COM	767754104
—	Western Forest Products	13,000	$17,000	0.0%	$1.80	—	COM	958211203
—	Neptune Tech & Bioresources	14,232	$16,000	0.0%	$1.12	—	COM	64077p108
DOMR	Dominion RES Black Warrior (LP	10,000	$14,000	0.0%	$4.20	—	PTP	25746Q108