Chief Compliance Officer

0001058800-14-000004.txt : 20140722 0001058800-14-000004.hdr.sgml : 20140722 20140721174303 ACCESSION NUMBER: 0001058800-14-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140630 FILED AS OF DATE: 20140722 DATE AS OF CHANGE: 20140721 EFFECTIVENESS DATE: 20140722 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEACH INVESTMENT COUNSEL INC/PA CENTRAL INDEX KEY: 0001058800 IRS NUMBER: 232845611 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03561 FILM NUMBER: 14985307 BUSINESS ADDRESS: STREET 1: FIVE TOWER BRIDGE STREET 2: 300 BARR HARBOR DRIVE SUITE 220 CITY: WEST CONSHOHOCKEN STATE: PA ZIP: 19428 BUSINESS PHONE: 6109401111 MAIL ADDRESS: STREET 1: FIVE TOWER BRIDGE STREET 2: 300 BARR HARBOR DRIVE SUITE 220 CITY: WEST CONSHOHOCKEN STATE: PA ZIP: 19428 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001058800 XXXXXXXX 06-30-2014 06-30-2014 BEACH INVESTMENT COUNSEL INC/PA

FIVE TOWER BRIDGE 300 BARR HARBOR DRIVE SUITE 220 WEST CONSHOHOCKEN PA 19428

13F HOLDINGS REPORT 028-03561 N Cheri Cecchin Chief Compliance Officer 610-940-1111 Cheri Cecchin West Conshohocken PA 07-21-2014 0 174 1125395 false INFORMATION TABLE 2 june2014.xml AGL Resources COM 001204106 1403 25500 SH SOLE 0 0 25500 AllianceBernstein Holdings, LP COM 01881g106 733 28328 SH SOLE 0 0 28328 Altas Energy L.P. COM 04930a104 871 19414 SH SOLE 0 0 19414 Atlas Pipeline Partners LP COM 049392103 921 26785 SH SOLE 0 0 26785 Crestwood Equity Partners LP COM 226344109 1026 69022 SH SOLE 0 0 69022 Crestwood Midstream Partners L COM 226378107 687 31112 SH SOLE 0 0 31112 DCP Midstream Partners, LP COM 23311P100 44200 775435 SH SOLE 0 0 775435 Dominion Resources COM 25746u109 240 3350 SH SOLE 0 0 3350 Duke Realty COM 264411505 1055 58100 SH SOLE 0 0 58100 Eagle Rock Energy Partners, LP COM 26985r104 250 50251 SH SOLE 0 0 50251 Enbridge Energy Mgmt. COM 29250x103 1836 52073 SH SOLE 0 0 52073 Enbridge Energy Partners L.P. COM 29250R106 565 15300 SH SOLE 0 0 15300 Enbridge Inc. COM 29250n105 919 19360 SH SOLE 0 0 19360 Energy Transfer Equity LP COM 29273V100 59477 1009108 SH SOLE 0 0 1009108 Enterprise Prod Partners COM 293792107 73058 933174 SH SOLE 0 0 933174 Golar LNG Partners LP COM y2745c102 477 12941 SH SOLE 0 0 12941 Kinder Morgan Mgmt COM 49455u100 3669 46484 SH SOLE 0 0 46484 Liberty Property Tr COM 531172104 2971 78333 SH SOLE 0 0 78333 Magellan Midstream Partners, L COM 559080106 77484 921986 SH SOLE 0 0 921986 MarkWest Energy Partners LP COM 570759100 2763 38594 SH SOLE 0 0 38594 NextEra Energy COM 65339F101 6312 61596 SH SOLE 0 0 61596 Nordic Offshore Ltd. COM y6366t112 1108 57911 SH SOLE 0 0 57911 Northstar Realty Finance Corp. COM 66704r100 2586 148800 SH SOLE 0 0 148800 Nustar GP Holdings LLC COM 67059l102 348 8900 SH SOLE 0 0 8900 Plains All American Pipeline L COM 726503105 53953 898474 SH SOLE 0 0 898474 Regency Energy Partners, LP COM 75885y107 602 18688 SH SOLE 0 0 18688 Resource Capital COM 76120W302 5333 947221 SH SOLE 0 0 947221 SPDR Dow Jones REIT ETF COM 78464a607 793 9560 SH SOLE 0 0 9560 Spectra Energy COM 847560109 353 8300 SH SOLE 0 0 8300 StoneMor Partners LP COM 86183q100 552 22776 SH SOLE 0 0 22776 Surburban Propane Partners LP COM 864482104 645 14024 SH SOLE 0 0 14024 Teekay LNG Partners COM y8564m105 221 4780 SH SOLE 0 0 4780 Teekay Offshore Partners, L.P. COM y8565j101 1971 54591 SH SOLE 0 0 54591 Two Harbors Investment Corp. COM 90187B101 1256 119850 SH SOLE 0 0 119850 WCI Communities, Inc. COM 92923c807 1230 63710 SH SOLE 0 0 63710 Williams Companies Inc COM 969457100 1291 22175 SH SOLE 0 0 22175 Williams Partners, LP COM 96950f104 796 14665 SH SOLE 0 0 14665 3M Company COM 88579y101 2103 14684 SH SOLE 0 0 14684 ABB Ltd. COM 000375204 670 29100 SH SOLE 0 0 29100 Abbott Laboratories COM 002824100 260 6368 SH SOLE 0 0 6368 Advance Auto Parts COM 00751Y106 1530 11338 SH SOLE 0 0 11338 Aegon COM 007924103 210 24000 SH SOLE 0 0 24000 Air Products COM 009158106 214 1661 SH SOLE 0 0 1661 Airgas Inc. COM 009363102 208 1907 SH SOLE 0 0 1907 American Airlines Group COM 02376r102 34241 797033 SH SOLE 0 0 797033 American Express COM 025816109 837 8821 SH SOLE 0 0 8821 American Intl. 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COM 30161N101 789 21632 SH SOLE 0 0 21632 Exxon Mobil COM 30231G102 3746 37209 SH SOLE 0 0 37209 F.N.B. Corp. COM 302520101 448 34968 SH SOLE 0 0 34968 Ferro Corp COM 315405100 2064 164343 SH SOLE 0 0 164343 Fomento Economico Mexicano SA COM 344419106 4071 43470 SH SOLE 0 0 43470 Franklin Resources COM 354613101 1879 32490 SH SOLE 0 0 32490 Gamco Investors A COM 361438104 1253 15088 SH SOLE 0 0 15088 General Electric COM 369604103 12276 467137 SH SOLE 0 0 467137 General Mills COM 370334104 249 4744 SH SOLE 0 0 4744 Genuine Parts COM 372460105 933 10627 SH SOLE 0 0 10627 Gilead Science COM 375558103 13615 164220 SH SOLE 0 0 164220 GlaxoSmithkline PLC COM 37733w105 1955 36550 SH SOLE 0 0 36550 Google Cl A COM 38259P508 19704 33701 SH SOLE 0 0 33701 Google Cl C COM 38259P706 11897 20681 SH SOLE 0 0 20681 Henry Schein COM 806407102 3859 32525 SH SOLE 0 0 32525 IBM COM 459200101 3602 19872 SH SOLE 0 0 19872 Illinois Tool Works COM 452308109 574 6559 SH SOLE 0 0 6559 Intel Corp. COM 458140100 473 15304 SH SOLE 0 0 15304 Invesco COM G491BT108 1295 34296 SH SOLE 0 0 34296 J.P. Morgan Chase COM 46625h100 11671 202547 SH SOLE 0 0 202547 JPMorgan China Region Fund COM 48126T104 850 56009 SH SOLE 0 0 56009 Jacobs Engineering Group COM 469814107 6734 126391 SH SOLE 0 0 126391 Johnson & Johnson COM 478160104 46414 443642 SH SOLE 0 0 443642 KKR & Co. LP COM 48248M102 13847 569150 SH SOLE 0 0 569150 Kimberly Clark COM 494368103 2135 19200 SH SOLE 0 0 19200 LKQ Corporation COM 501889208 806 30200 SH SOLE 0 0 30200 Lehman Note COM 524ESC100 0 12800 SH SOLE 0 0 12800 Liberty Media COM 531229102 507 3706 SH SOLE 0 0 3706 Marriott Intl Class A COM 571903202 8170 127460 SH SOLE 0 0 127460 McDonald's Corp. COM 580135101 543 5386 SH SOLE 0 0 5386 Medtronic COM 585055106 597 9369 SH SOLE 0 0 9369 Merck COM 58933y105 3235 55928 SH SOLE 0 0 55928 MetLife COM 59156R108 22782 410048 SH SOLE 0 0 410048 Micron Technology Inc. COM 595112103 6236 189263 SH SOLE 0 0 189263 Microsoft COM 594918104 483 11590 SH SOLE 0 0 11590 Mondelez International Inc. COM 609207105 530 14083 SH SOLE 0 0 14083 Morgan Stanley COM 617446448 8615 266456 SH SOLE 0 0 266456 Nestle Spons ADR COM 641069406 39942 515587 SH SOLE 0 0 515587 Noble Energy COM 655044105 4053 52330 SH SOLE 0 0 52330 Norfolk Southern COM 655844108 6356 61690 SH SOLE 0 0 61690 Novartis COM 66987V109 2422 26754 SH SOLE 0 0 26754 Occidental Petroleum COM 674599105 1566 15259 SH SOLE 0 0 15259 Oracle COM 68389X105 385 9495 SH SOLE 0 0 9495 Pepsico COM 713448108 3545 39685 SH SOLE 0 0 39685 Pfizer COM 717081103 3434 115693 SH SOLE 0 0 115693 Phillips 66 COM 718546104 1657 20600 SH SOLE 0 0 20600 Praxair COM 74005P104 3833 28851 SH SOLE 0 0 28851 ProShares UltrShort S&P 500 COM 74348a442 728 15301 SH SOLE 0 0 15301 ProShares UltraShort Russell 2 COM 74348a319 1068 24837 SH SOLE 0 0 24837 Procter & Gamble COM 742718109 7837 99722 SH SOLE 0 0 99722 Qualcomm COM 747525103 13328 168278 SH SOLE 0 0 168278 Republic Airways Holdings Inc. COM 760276105 3226 297630 SH SOLE 0 0 297630 Resource America COM 761195205 2681 286760 SH SOLE 0 0 286760 Roche Holding AG COM 771195104 23070 618783 SH SOLE 0 0 618783 Royal Dutch Shell COM 780259206 2233 27112 SH SOLE 0 0 27112 SAB Miller PLC/GBP/ COM G77395104 1327 22899 SH SOLE 0 0 22899 SPDR Index Shs S&P China COM 78463X400 2483 33000 SH SOLE 0 0 33000 SPDR S&P 500 ETF COM 78462F103 1832 9360 SH SOLE 0 0 9360 Schlumberger COM 806857108 15146 128410 SH SOLE 0 0 128410 Silicon Motion Technologies Co COM 82706c108 1779 87063 SH SOLE 0 0 87063 State Street Corp COM 857477103 589 8764 SH SOLE 0 0 8764 Stryker Corp COM 863667101 1131 13412 SH SOLE 0 0 13412 Suncor Energy Inc. COM 867224107 1784 41842 SH SOLE 0 0 41842 Sysco COM 871829107 1976 52768 SH SOLE 0 0 52768 Thermo Fisher Scientific COM 883556102 4003 33927 SH SOLE 0 0 33927 Tiffany & Co. COM 886547108 849 8469 SH SOLE 0 0 8469 Time Warner Cable, Inc. COM 88732j207 562 3818 SH SOLE 0 0 3818 Time Warner Inc. COM 887317303 2100 29899 SH SOLE 0 0 29899 TriQuint Semiconductor Inc. COM 89674k103 1106 69963 SH SOLE 0 0 69963 Tronox Inc. COM Q9235V101 634 23566 SH SOLE 0 0 23566 Twenty-First Century Fox COM 90130A101 2401 68297 SH SOLE 0 0 68297 UBS AG COM H89231338 4361 238040 SH SOLE 0 0 238040 Unilever NV NY COM 904784709 4886 111645 SH SOLE 0 0 111645 Union Pacific COM 907818108 14125 141602 SH SOLE 0 0 141602 United Continental Holdings, I COM 910047109 24541 597530 SH SOLE 0 0 597530 United Technologies COM 913017109 294 2550 SH SOLE 0 0 2550 UnitedHealth Group COM 91324P102 245 3000 SH SOLE 0 0 3000 Verizon Comm COM 92343V104 11031 225443 SH SOLE 0 0 225443 Viacom Class B COM 92553p201 704 8116 SH SOLE 0 0 8116 Volkswagen AG Pref COM d94523103 2159 8240 SH SOLE 0 0 8240 W. W. Grainger COM 384802104 525 2066 SH SOLE 0 0 2066 Walt Disney COM 254687106 1131 13194 SH SOLE 0 0 13194 Wells Fargo COM 949746101 15168 288586 SH SOLE 0 0 288586 Xinhua China 25 Index Fund COM 464287184 511 13792 SH SOLE 0 0 13792 duPont COM 263534109 3696 56476 SH SOLE 0 0 56476