Executive Director/CCO

0001058800-15-000001.txt : 20150224 0001058800-15-000001.hdr.sgml : 20150224 20150224132324 ACCESSION NUMBER: 0001058800-15-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141231 FILED AS OF DATE: 20150224 DATE AS OF CHANGE: 20150224 EFFECTIVENESS DATE: 20150224 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: 15642674 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 12-31-2014 12-31-2014 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 Executive Director/CCO 610-940-1111 Cheri Cecchin West Conshohocken PA 02-24-2015 0 179 1201599 false INFORMATION TABLE 2 December2014.xml DECEMBER 2014 13F AGL Resources COM 001204106 1390 25500 SH SOLE 0 0 25500 AT&T COM 00206r102 581 17292 SH SOLE 0 0 17292 AllianceBernstein Holdings, LP COM 01881g106 701 27128 SH SOLE 0 0 27128 Altas Energy L.P. COM 04930a104 1156 37098 SH SOLE 0 0 37098 Atlas Pipeline Partners LP COM 049392103 730 26785 SH SOLE 0 0 26785 Crestwood Equity Partners LP COM 226344109 294 36336 SH SOLE 0 0 36336 Crestwood Midstream Partners L COM 226378107 238 15698 SH SOLE 0 0 15698 DCP Midstream Partners, LP COM 23311P100 29306 645085 SH SOLE 0 0 645085 Dominion Resources COM 25746u109 258 3350 SH SOLE 0 0 3350 Duke Realty COM 264411505 1131 56000 SH SOLE 0 0 56000 Enbridge Energy Mgmt. COM 29250x103 1769 45602 SH SOLE 0 0 45602 Enbridge Energy Partners L.P. COM 29250R106 610 15300 SH SOLE 0 0 15300 Enbridge Inc. COM 29250n105 713 13860 SH SOLE 0 0 13860 Energy Transfer Equity LP COM 29273V100 56657 987398 SH SOLE 0 0 987398 Enterprise Prod Partners COM 293792107 67317 1863718 SH SOLE 0 0 1863718 Golar LNG Limited COM g9456a100 516 14146 SH SOLE 0 0 14146 Health Care Property Investors COM 40414l109 4599 104460 SH SOLE 0 0 104460 Health Care REIT Inc COM 42217K106 8697 114929 SH SOLE 0 0 114929 Kinder Morgan Inc. COM 49456b101 11944 282294 SH SOLE 0 0 282294 Liberty Property Tr COM 531172104 2948 78333 SH SOLE 0 0 78333 Magellan Midstream Partners, L COM 559080106 76910 930433 SH SOLE 0 0 930433 MarkWest Energy Partners LP COM 570759100 2567 38202 SH SOLE 0 0 38202 NextEra Energy COM 65339F101 6494 61096 SH SOLE 0 0 61096 Northstar Realty Finance Corp. COM 66704r704 1308 74400 SH SOLE 0 0 74400 Nustar GP Holdings LLC COM 67059l102 306 8900 SH SOLE 0 0 8900 Plains All American Pipeline L COM 726503105 42416 826500 SH SOLE 0 0 826500 Resource Capital COM 76120W302 4850 962371 SH SOLE 0 0 962371 SPDR Dow Jones REIT ETF COM 78464a607 869 9560 SH SOLE 0 0 9560 Spectra Energy COM 847560109 301 8300 SH SOLE 0 0 8300 StoneMor Partners LP COM 86183q100 587 22776 SH SOLE 0 0 22776 Surburban Propane Partners LP COM 864482104 606 14024 SH SOLE 0 0 14024 Teekay Corp. COM y8564w103 614 12060 SH SOLE 0 0 12060 Teekay LNG Partners COM y8564m105 206 4780 SH SOLE 0 0 4780 Two Harbors Investment Corp. COM 90187B101 600 59920 SH SOLE 0 0 59920 Verizon Comm COM 92343V104 3356 71742 SH SOLE 0 0 71742 Williams Companies Inc COM 969457100 997 22175 SH SOLE 0 0 22175 Williams Partners, LP COM 96949l105 656 14665 SH SOLE 0 0 14665 3M Company COM 88579y101 2462 14983 SH SOLE 0 0 14983 ABB Ltd. COM 000375204 531 25100 SH SOLE 0 0 25100 Abbott Laboratories COM 002824100 287 6368 SH SOLE 0 0 6368 Advance Auto Parts COM 00751Y106 17739 111369 SH SOLE 0 0 111369 Aegon COM 007924103 180 24000 SH SOLE 0 0 24000 Air Products COM 009158106 240 1661 SH SOLE 0 0 1661 Airgas Inc. COM 009363102 220 1907 SH SOLE 0 0 1907 Alaska Airlines COM 011659109 14031 234790 SH SOLE 0 0 234790 Alexion Pharmaceutical COM 015351109 12880 69610 SH SOLE 0 0 69610 American Airlines Group COM 02376r102 17295 322480 SH SOLE 0 0 322480 American Express COM 025816109 814 8754 SH SOLE 0 0 8754 American Intl. 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COM 191216100 849 20116 SH SOLE 0 0 20116 Colgate Palmolive COM 194162103 14922 215667 SH SOLE 0 0 215667 Comcast Cl A COM 20030N101 276 4762 SH SOLE 0 0 4762 ConocoPhillips COM 20825C104 3347 48462 SH SOLE 0 0 48462 Costco Wholesale COM 22160K105 3263 23017 SH SOLE 0 0 23017 DST Systems COM 233326107 908 9645 SH SOLE 0 0 9645 Deere & Co. COM 244199105 355 4008 SH SOLE 0 0 4008 Delta Airlines COM 247361702 16365 332680 SH SOLE 0 0 332680 Dentsply Intl COM 249030107 2538 47640 SH SOLE 0 0 47640 Diebold COM 253651103 1004 28984 SH SOLE 0 0 28984 DirectTV COM 25490a309 883 10182 SH SOLE 0 0 10182 Discovery Comm C COM 25470f302 1123 33290 SH SOLE 0 0 33290 Discovery Holding A COM 25470f104 369 10704 SH SOLE 0 0 10704 Dow Chemical COM 260543103 815 17870 SH SOLE 0 0 17870 Emerson Electric Co. COM 291011104 845 13687 SH SOLE 0 0 13687 Estee Lauder COM 518439104 625 8200 SH SOLE 0 0 8200 Exact Sciences Corporation COM 30063p105 464 16925 SH SOLE 0 0 16925 Exelon Corp. 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COM 580135101 467 4986 SH SOLE 0 0 4986 Medtronic COM G5960L103 12242 169559 SH SOLE 0 0 169559 Merck COM 58933y105 3170 55828 SH SOLE 0 0 55828 MetLife COM 59156R108 4000 73953 SH SOLE 0 0 73953 Micron Technology Inc. COM 595112103 15398 439831 SH SOLE 0 0 439831 Microsoft COM 594918104 32666 703259 SH SOLE 0 0 703259 Mondelez International Inc. COM 609207105 512 14083 SH SOLE 0 0 14083 Morgan Stanley COM 617446448 20198 520566 SH SOLE 0 0 520566 Nestle Spons ADR COM 641069406 34524 470257 SH SOLE 0 0 470257 Noble Energy COM 655044105 2473 52130 SH SOLE 0 0 52130 Novartis COM 66987V109 2469 26650 SH SOLE 0 0 26650 Occidental Petroleum COM 674599105 537 6665 SH SOLE 0 0 6665 Ohr Pharmaceutical Inc. COM 67778h200 293 35105 SH SOLE 0 0 35105 Oracle COM 68389X105 427 9495 SH SOLE 0 0 9495 Pepsico COM 713448108 3728 39428 SH SOLE 0 0 39428 Pfizer COM 717081103 3563 114392 SH SOLE 0 0 114392 Phillips 66 COM 718546104 1477 20601 SH SOLE 0 0 20601 Praxair COM 74005P104 3738 28851 SH SOLE 0 0 28851 Procter & Gamble COM 742718109 8993 98722 SH SOLE 0 0 98722 Qorvo Inc. 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COM 867224107 553 17400 SH SOLE 0 0 17400 Synaptics Incorporated COM 87157d109 450 6537 SH SOLE 0 0 6537 Sysco COM 871829107 1989 50118 SH SOLE 0 0 50118 Thermo Fisher Scientific COM 883556102 4183 33387 SH SOLE 0 0 33387 Tiffany & Co. COM 886547108 905 8469 SH SOLE 0 0 8469 Time Warner Cable, Inc. COM 88732j207 581 3818 SH SOLE 0 0 3818 Time Warner Inc. COM 887317303 2554 29899 SH SOLE 0 0 29899 Tronox Inc. COM Q9235V101 202 8460 SH SOLE 0 0 8460 Twenty-First Century Fox COM 90130A101 24878 647787 SH SOLE 0 0 647787 UBS Group AG COM H42097107 2220 130200 SH SOLE 0 0 130200 Unilever NV NY COM 904784709 4339 111145 SH SOLE 0 0 111145 Union Pacific COM 907818108 22291 187112 SH SOLE 0 0 187112 United Continental Holdings, I COM 910047109 32411 484540 SH SOLE 0 0 484540 United Parcel Service Inc. 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