Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT	7,296,135	$243M	7.5%	$26.60	+1.5%	COM	594918104
QCOM	QUALCOMM	3,594,452	$242M	7.4%	$51.94	-10.4%	COM	747525103
MCD	MCDONALDS	1,968,965	$189M	5.8%	$82.13	-14.1%	COM	580135101
KO	COCA-COLA	4,998,000	$189M	5.8%	$33.09	-19.1%	COM	191216100
ORCL	ORACLE	4,496,003	$149M	4.6%	$28.64	-5.5%	COM	68389X105
XOM	EXXON MOBIL	1,629,574	$140M	4.3%	$57.07	-5.1%	COM	30231G102
—	NATIONAL OILWELL VARCO	1,724,956	$135M	4.1%	$69.55	—	COM	637071101
CSCO	CISCO SYSTEMS	5,748,000	$135M	4.1%	$17.77	-4.7%	COM	17275R102
PFE	PFIZER	4,593,270	$132M	4.1%	$19.52	-16.2%	COM	717081103
—	EMC	5,046,580	$129M	4.0%	$24.92	—	COM	268648102
ABT	ABBOTT LABORATORIES	3,470,386	$115M	3.5%	$37.36	-25.8%	COM	002824100
WMT	WAL-MART STORES	1,353,020	$100M	3.1%	$24.38	-18.9%	COM	931142103
JNJ	JOHNSON & JOHNSON	1,119,186	$97.02M	3.0%	$64.46	-1.4%	COM	478160104
EMR	EMERSON ELECTRIC	1,385,620	$89.65M	2.8%	$44.01	-0.4%	COM	291011104
—	XEROX	8,332,766	$85.74M	2.6%	$9.50	—	COM	984121103
—	KELLOGG	1,328,350	$78.01M	2.4%	$38.94	-0.3%	COM	487836108
IBM	IBM	359,120	$66.5M	2.0%	$111.62	-0.1%	COM	459200101
MMM	3M	431,450	$51.52M	1.6%	$86.67	-23.9%	COM	88579Y101
—	MEDTRONIC	928,050	$49.42M	1.5%	$41.62	—	COM	585055106
NEM	NEWMONT MINING	1,756,000	$49.34M	1.5%	$27.56	-18.0%	COM	651639106
ABBV	ABBVIE	1,068,200	$47.78M	1.5%	$22.34	+21.6%	COM	00287Y109
CVX	CHEVRON	375,921	$45.67M	1.4%	$72.13	+1.3%	COM	166764100
AAPL	APPLE	93,370	$44.51M	1.4%	$185.69	-92.3%	COM	037833100
AMGN	AMGEN	394,390	$44.14M	1.4%	$66.36	+16.0%	COM	031162100
MO	ALTRIA GROUP	1,239,500	$42.58M	1.3%	$19.55	-17.3%	COM	02209S103
—	COACH	753,650	$41.1M	1.3%	$51.08	—	COM	189754104
PM	PHILIP MORRIS INTL.	466,633	$40.41M	1.2%	$56.47	-16.1%	COM	718172109
—	PETSMART	524,650	$40.01M	1.2%	$63.55	—	COM	716768106
—	LORILLARD	889,544	$39.83M	1.2%	$56.23	—	COM	544147101
WU	WESTERN UNION	1,889,580	$35.26M	1.1%	$14.05	—	COM	959802109
MDLZ	MONDELEZ INT.	1,106,060	$34.75M	1.1%	$23.20	+2.2%	COM	609207105
PEP	PEPSICO	370,800	$29.48M	0.9%	$65.50	-13.4%	COM	713448108
—	GOOGLE - CLASS A	26,675	$23.36M	0.7%	$646.41	—	COM	38259P508
—	CR BARD	194,906	$22.45M	0.7%	$105.10	—	COM	067383109
BDX	BECTON DICKINSON	223,100	$22.31M	0.7%	$76.41	+5.5%	COM	075887109
—	2,750% NUANCE 01.11.2031	21,450,000	$21.91M	0.7%	$1.04	—	NOTE	67020YAF7
PG	PROCTER & GAMBLE	271,860	$20.55M	0.6%	$57.38	-2.0%	COM	742718109
YUM	YUM! BRANDS	285,170	$20.36M	0.6%	$57.10	-28.2%	COM	988498101
SYK	STRYKER	219,400	$14.83M	0.5%	$54.47	+9.1%	COM	863667101
UNP	UNION PACIFIC	88,000	$13.67M	0.4%	$82.10	-26.8%	COM	907818108
ZBH	ZIMMER HOLDINGS	150,450	$12.36M	0.4%	$54.55	+30.2%	COM	98956P102
COP	CONOCOPHILLIPS	176,860	$12.29M	0.4%	$62.46	-28.8%	COM	20825C104
GLD	SPDR GOLD TRUST	86,150	$11.04M	0.3%	$139.15	—	Gold SHS	78463V107
—	COCA COLA CALL	2,500	$9.47M	0.3%	—	—	Call	191216900
—	1,625% NEWMONT MINING 15.07.2017	8,500,000	$9.432M	0.3%	$1.36	—	NOTE	651639AJ5
TMO	THERMO FISHER SCIENTIFIC	84,170	$7.756M	0.2%	$52.42	+65.6%	COM	883556102
—	2,950% INTEL 15.12.2035	6,000,000	$6.559M	0.2%	$1.08	—	NOTE	458140AD2
—	0,250% TEVA PHARMA FIN 01.02.2026	5,500,000	$5.722M	0.2%	$1.02	—	NOTE	88163VAE9
—	SYMANTEC	230,000	$5.693M	0.2%	$15.99	—	COM	871503108
—	1,625% RTI INTL METALS 15.10.2019	5,000,000	$5.22M	0.2%	$0.94	—	NOTE	74973WAB3
—	HEWLETT-PACKARD	230,000	$4.828M	0.1%	$27.33	—	COM	428236103
—	2,250% TIBCO SOFTWARE 01.05.2032	4,500,000	$4.618M	0.1%	$0.98	—	NOTE	88632QAB9
—	2,000% HOLOGIC 01.03.2042	4,500,000	$4.543M	0.1%	$1.03	—	NOTE	436440AC5
—	UNITED TECHNOLOGIES	41,650	$4.491M	0.1%	$80.50	—	COM	913017109
TAP	MOLSON COORS	85,800	$4.301M	0.1%	$44.36	-16.0%	COM	60871R209
—	HESS	55,000	$4.254M	0.1%	$60.98	—	COM	42809H107
WDC	WESTERN DIGITAL	65,000	$4.121M	0.1%	$40.38	0.0%	COM	958102105
—	LIFE TECHNOLOGIES	54,000	$4.041M	0.1%	$45.91	—	COM	53217V109
—	1,250% LAM RESEARCH 15.05.2018	3,000,000	$3.659M	0.1%	$1.02	—	NOTE	512807AL2
—	NUANCE COMMUNICATIONS	185,000	$3.456M	0.1%	$18.40	—	COM	67020Y100
—	DIAMOND OFFSH. DRILLING	50,000	$3.116M	0.1%	$68.32	—	COM	25271C102
—	BROADCOM	100,000	$2.602M	0.1%	$27.32	—	COM	111320107
—	2,000% HOLOGIC 15.12.2037	2,000,000	$2.267M	0.1%	$1.11	—	NOTE	436440AB7
—	1,250% NEWMONT MINING 15.07.2014	2,000,000	$2.024M	0.1%	$1.45	—	NOTE	651639AH9
PSX	PHILLIPS 66	30,000	$1.735M	0.1%	$33.24	+12.8%	COM	718546104
PH	PARKER HANNIFIN	13,500	$1.468M	0.0%	$76.76	+9.1%	COM	701094104
INTC	INTEL	45,900	$1.052M	0.0%	$17.76	-4.8%	COM	458140100
BAX	BAXTER INTERNATIONAL	13,000	$854K	0.0%	$37.71	-17.7%	COM	071813109
—	MEAD JOHNSON NUTRITION	9,500	$705K	0.0%	$74.21	—	COM	582839106
OXY	OCCIDENTAL PETROLEUM	6,500	$608K	0.0%	$88.89	-33.4%	COM	674599105
SLB	SCHLUMBERGER	6,500	$574K	0.0%	$64.57	-8.7%	COM	806857108
SYY	SYSCO	15,000	$477K	0.0%	$27.82	-13.8%	COM	871829107
CL	COLGATE-PALMOLIVE	4,640	$275K	0.0%	$62.47	-28.7%	COM	194162103
—	BAKER HUGHES	3,500	$172K	0.0%	$41.37	—	COM	057224107
BRK/A	BERKSHIRE HATHAWAY A	1	$170K	0.0%	$134000.00	+29.1%	COM	084670108
—	STAPLES	10,620	$156K	0.0%	$13.94	—	COM	855030102
—	ALCOA	19,270	$156K	0.0%	$8.94	—	COM	013817101
MRK	MERCK & CO.	2,700	$129K	0.0%	$32.72	-5.3%	COM	58933Y105
—	LEGG MASON	3,550	$119K	0.0%	$32.11	—	COM	524901105
EXC	EXELON	3,830	$114K	0.0%	$36.27	-61.3%	COM	30161N101
—	KRAFT FOODS GROUP	2,150	$113K	0.0%	$52.56	—	COM	50076Q106
KSS	KOHL`S	2,050	$106K	0.0%	$52.24	0.0%	COM	500255104
—	WALGREEN	1,515	$82,000	0.0%	$33.05	—	COM	931422109
NDAQ	NASDAQ OMX GROUP	2,120	$68,000	0.0%	$23.80	-63.2%	COM	631103108
BRK/B	BERKSHIRE HATHAWAY B	300	$34,000	0.0%	$80.00	+44.2%	COM	084670702