Executive Director, CCO

0001058800-16-000007.txt : 20160204 0001058800-16-000007.hdr.sgml : 20160204 20160204100812 ACCESSION NUMBER: 0001058800-16-000007 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20151231 FILED AS OF DATE: 20160204 DATE AS OF CHANGE: 20160204 EFFECTIVENESS DATE: 20160204 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: 161387122 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 true 0001058800 XXXXXXXX 12-31-2015 12-31-2015 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 02-04-2016 0 167 883605 false INFORMATION TABLE 2 Dec2015.xml 8point3 Energy Partners, LP COM 282539105 6218 385239 SH SOLE 0 0 385239 AGL Resources COM 001204106 1430 22404 SH SOLE 0 0 22404 AT&T COM 00206r102 1060 30809 SH SOLE 0 0 30809 Abengoa Yield PLC COM g00349103 4433 229830 SH SOLE 0 0 229830 AllianceBernstein Holdings, LP COM 01881g106 647 27128 SH SOLE 0 0 27128 BioMed Realty Trust COM 09063H107 1593 67250 SH SOLE 0 0 67250 Brandywine Realty COM 105368203 13026 953620 SH SOLE 0 0 953620 Calumet Specialty Products Par COM 131476103 279 14004 SH SOLE 0 0 14004 DCP Midstream Partners, LP COM 23311P100 4544 184203 SH SOLE 0 0 184203 Dominion Resources COM 25746u109 220 3250 SH SOLE 0 0 3250 Duke Realty COM 264411505 996 47400 SH SOLE 0 0 47400 Enbridge Energy Mgmt. COM 29250x103 1092 48915 SH SOLE 0 0 48915 Enbridge Energy Partners L.P. COM 29250R106 353 15300 SH SOLE 0 0 15300 Energy Transfer Equity LP COM 29273V100 25331 1843616 SH SOLE 0 0 1843616 Energy Transfer Partners LP COM 29273R109 600 17800 SH SOLE 0 0 17800 Enterprise Prod Partners COM 293792107 44487 1739143 SH SOLE 0 0 1739143 Hersha Hospitality Trust Class COM 427825500 2158 99194 SH SOLE 0 0 99194 Kinder Morgan Inc. COM 49456b101 1693 113471 SH SOLE 0 0 113471 Kinder Morgan Inc. Mandatory C COM 49456b200 505 12535 SH SOLE 0 0 12535 Liberty Property Tr COM 531172104 13563 436796 SH SOLE 0 0 436796 MPLX LP COM 55336v100 1343 34145 SH SOLE 0 0 34145 Magellan Midstream Partners, L COM 559080106 56764 835741 SH SOLE 0 0 835741 NRG Yield, Inc.Class C COM 62942X405 9317 631205 SH SOLE 0 0 631205 Next Era Energy Partners COM 65341b106 37210 1246571 SH SOLE 0 0 1246571 NextEra Energy, Inc. COM 65339F101 21460 206566 SH SOLE 0 0 206566 Pattern Energy Group, Inc. Cla COM 70338p100 15792 755260 SH SOLE 0 0 755260 Plains All American Pipeline L COM 726503105 11021 477088 SH SOLE 0 0 477088 Plains GP Holdings LP COM 72651a108 628 66465 SH SOLE 0 0 66465 Resource Capital COM 76120W708 764 59899 SH SOLE 0 0 59899 SPDR Dow Jones REIT ETF COM 78464a607 438 4780 SH SOLE 0 0 4780 Sempra Energy COM 816851109 9392 99900 SH SOLE 0 0 99900 Spectra Energy COM 847560109 2558 106850 SH SOLE 0 0 106850 StoneMor Partners LP COM 86183q100 864 32316 SH SOLE 0 0 32316 Teekay LNG Partners COM y8564m105 334 25392 SH SOLE 0 0 25392 Two Harbors Investment Corp. COM 90187B101 485 59920 SH SOLE 0 0 59920 Verizon Comm COM 92343V104 4949 107072 SH SOLE 0 0 107072 Williams Companies Inc COM 969457100 5289 205783 SH SOLE 0 0 205783 Williams Partners, LP COM 96949l105 317 11369 SH SOLE 0 0 11369 3M Company COM 88579y101 2313 15353 SH SOLE 0 0 15353 ABB Ltd. COM 000375204 245 13800 SH SOLE 0 0 13800 AbbVie, Inc. COM 00287y109 452 7625 SH SOLE 0 0 7625 Abbott Laboratories COM 002824100 310 6893 SH SOLE 0 0 6893 Advance Auto Parts COM 00751Y106 1706 11338 SH SOLE 0 0 11338 Air Products COM 009158106 216 1661 SH SOLE 0 0 1661 Airgas Inc. COM 009363102 264 1907 SH SOLE 0 0 1907 Alaska Airlines COM 011659109 12741 158250 SH SOLE 0 0 158250 Alexion Pharmaceutical COM 015351109 5321 27895 SH SOLE 0 0 27895 Allergan Inc. COM G0177J108 38533 123305 SH SOLE 0 0 123305 Alphabet, Inc. Cl A COM 02079k305 10320 13265 SH SOLE 0 0 13265 Alphabet, Inc. Cl C COM 02079k107 224 295 SH SOLE 0 0 295 American Airlines Group COM 02376r102 13576 320574 SH SOLE 0 0 320574 American Express COM 025816109 598 8604 SH SOLE 0 0 8604 American Intl. 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COM H1467J104 1424 10735 SH SOLE 0 0 10735 Cisco Systems COM 17275R102 927 34144 SH SOLE 0 0 34144 Citigroup COM 172967424 5758 111267 SH SOLE 0 0 111267 Coca Cola Co. COM 191216100 755 17566 SH SOLE 0 0 17566 Colgate Palmolive COM 194162103 4481 67264 SH SOLE 0 0 67264 Comcast Cl A COM 20030N101 269 4762 SH SOLE 0 0 4762 ConocoPhillips COM 20825C104 2263 48462 SH SOLE 0 0 48462 Costco Wholesale COM 22160K105 3693 22867 SH SOLE 0 0 22867 DST Systems COM 233326107 1100 9645 SH SOLE 0 0 9645 Danaher Corp COM 235851102 9915 106750 SH SOLE 0 0 106750 Deere & Co. COM 244199105 296 3875 SH SOLE 0 0 3875 Delta Airlines COM 247361702 17144 338216 SH SOLE 0 0 338216 Dentsply Intl COM 249030107 2899 47640 SH SOLE 0 0 47640 Discovery Comm C COM 25470f302 840 33290 SH SOLE 0 0 33290 Discovery Holding A COM 25470f104 286 10704 SH SOLE 0 0 10704 Dow Chemical COM 260543103 396 7701 SH SOLE 0 0 7701 Eli Lilly COM 532457108 359 4260 SH SOLE 0 0 4260 Emerson Electric Co. 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COM 458140100 379 11004 SH SOLE 0 0 11004 Invesco COM G491BT108 1322 39496 SH SOLE 0 0 39496 J.P. Morgan Chase COM 46625h100 9165 138806 SH SOLE 0 0 138806 JPMorgan China Region Fund COM 48126T104 858 56009 SH SOLE 0 0 56009 Johnson & Johnson COM 478160104 36634 356642 SH SOLE 0 0 356642 KKR & Co. LP COM 48248M102 539 34600 SH SOLE 0 0 34600 Kimberly Clark COM 494368103 2510 19716 SH SOLE 0 0 19716 LKQ Corporation COM 501889208 2123 71650 SH SOLE 0 0 71650 Lehman Note COM 524ESC100 0 12800 SH SOLE 0 0 12800 Liberty Media Series C COM 531229300 282 7412 SH SOLE 0 0 7412 MasterCard Inc. COM 57636q104 16988 174485 SH SOLE 0 0 174485 McCormick & Co. COM 579780206 8512 99490 SH SOLE 0 0 99490 McDonald's Corp. COM 580135101 240 2035 SH SOLE 0 0 2035 Medtronic COM G5960L103 23676 307794 SH SOLE 0 0 307794 Merck COM 58933y105 3509 66428 SH SOLE 0 0 66428 MetLife COM 59156R108 1850 38378 SH SOLE 0 0 38378 Microsoft COM 594918104 10669 192300 SH SOLE 0 0 192300 Mondelez International Inc. COM 609207105 614 13683 SH SOLE 0 0 13683 NVR, Inc. COM 62944t105 9792 5960 SH SOLE 0 0 5960 Nestle Spons ADR COM 641069406 37682 505963 SH SOLE 0 0 505963 Nielsen Holdings PLC COM G6518L108 14577 312818 SH SOLE 0 0 312818 Noble Energy COM 655044105 1717 52130 SH SOLE 0 0 52130 Novartis COM 66987V109 2805 32600 SH SOLE 0 0 32600 Ohr Pharmaceutical Inc. COM 67778h200 318 51872 SH SOLE 0 0 51872 Oracle COM 68389X105 245 6700 SH SOLE 0 0 6700 Pepsico COM 713448108 3925 39278 SH SOLE 0 0 39278 Pfizer COM 717081103 3125 96804 SH SOLE 0 0 96804 Phillips 66 COM 718546104 1685 20601 SH SOLE 0 0 20601 Praxair COM 74005P104 4242 41426 SH SOLE 0 0 41426 Procter & Gamble COM 742718109 7786 98052 SH SOLE 0 0 98052 Resource America COM 761195205 2570 419203 SH SOLE 0 0 419203 Roche Holding AG COM 771195104 4701 136190 SH SOLE 0 0 136190 Royal Dutch Shell COM 780259206 1241 27112 SH SOLE 0 0 27112 SAB Miller PLC/GBP/ COM G77395104 1290 21499 SH SOLE 0 0 21499 SPDR Index Shs S&P China COM 78463X400 2550 34700 SH SOLE 0 0 34700 SPDR S&P 500 ETF COM 78462F103 2917 14310 SH SOLE 0 0 14310 Silicon Motion Technologies Co COM 82706c108 453 14435 SH SOLE 0 0 14435 Southwest Airlines COM 844741108 8950 207850 SH SOLE 0 0 207850 State Street Corp COM 857477103 442 6664 SH SOLE 0 0 6664 Stryker Corp COM 863667101 1288 13862 SH SOLE 0 0 13862 SunEdison Semiconductor, Inc. COM y8213l102 184 23423 SH SOLE 0 0 23423 Synaptics Incorporated COM 87157d109 584 7267 SH SOLE 0 0 7267 Sysco COM 871829107 1843 44962 SH SOLE 0 0 44962 Thermo Fisher Scientific COM 883556102 15388 108482 SH SOLE 0 0 108482 Tiffany & Co. COM 886547108 646 8469 SH SOLE 0 0 8469 Time Warner Inc. COM 887317303 2529 39099 SH SOLE 0 0 39099 Twenty-First Century Fox COM 90130A101 888 32697 SH SOLE 0 0 32697 UBS Group AG COM H42097107 3655 188700 SH SOLE 0 0 188700 Unilever NV NY COM 904784709 4802 110845 SH SOLE 0 0 110845 Union Pacific COM 907818108 1146 14656 SH SOLE 0 0 14656 United Continental Holdings, I COM 910047109 13139 229297 SH SOLE 0 0 229297 United Technologies COM 913017109 347 3608 SH SOLE 0 0 3608 UnitedHealth Group COM 91324P102 353 3000 SH SOLE 0 0 3000 Univest Corporation COM 915271100 372 17856 SH SOLE 0 0 17856 Viacom Class B COM 92553p201 334 8116 SH SOLE 0 0 8116 W. W. Grainger COM 384802104 413 2041 SH SOLE 0 0 2041 WPP Plc American Depository Sh COM 92937A102 2881 25105 SH SOLE 0 0 25105 Walt Disney COM 254687106 1430 13604 SH SOLE 0 0 13604 Wells Fargo COM 949746101 976 17956 SH SOLE 0 0 17956 WisdomTree Germany Hedged Equi COM 97717w448 1370 51450 SH SOLE 0 0 51450 Xinhua China 25 Index Fund COM 464287184 487 13792 SH SOLE 0 0 13792 iShares Russell 1000 Growth In COM 464287614 298 3000 SH SOLE 0 0 3000 iShares US Technology COM 464287721 460 4300 SH SOLE 0 0 4300