-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FJ1LdODLrlvW14bASh9IEeH5n0CEj7gZKTXY6K30XFEnVIj+YdpvEuj4mnyh/94d S+E67/wReqlgy1Q4dl0hhg== 0001109228-08-000002.txt : 20080514 0001109228-08-000002.hdr.sgml : 20080514 20080514150244 ACCESSION NUMBER: 0001109228-08-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080331 FILED AS OF DATE: 20080514 DATE AS OF CHANGE: 20080514 EFFECTIVENESS DATE: 20080514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KCM INVESTMENT ADVISORS LLC CENTRAL INDEX KEY: 0001109228 IRS NUMBER: 911756649 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05651 FILM NUMBER: 08831327 BUSINESS ADDRESS: STREET 1: 750 LINDARO STREET STREET 2: SUITE 250 CITY: SAN RAFAEL STATE: CA ZIP: 94901 BUSINESS PHONE: 415-461-7788 MAIL ADDRESS: STREET 1: 750 LINDARO STREET STREET 2: SUITE 250 CITY: SAN RAFAEL STATE: CA ZIP: 94901 FORMER COMPANY: FORMER CONFORMED NAME: KCM INVESTMENT ADVISORS/CA DATE OF NAME CHANGE: 20000413 13F-HR 1 kcm13f03312008.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Quarter Ended: March 31, 2008 Institutional Investment Manager Filing this Report: Name: KCM Investment Advisors LLC Address 750 Lindaro Street Suite 250 San Rafael, CA 94901 13F File Number: 28-99999 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager Name: William L. Prince Title: CCO and COO Phone: (415) 461-7788 Signature, Place, and Date of Signing: William L. Prince San Rafael, CA May 14, 2008 Report Type (Check only one.): [ x ] 13F Holdings Report [ ] 13F Notice [ ] 13F Combination Report List of Other Managers Reporting for this Manager: None I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES AND EXCHANGE ACT OF 1934 FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 1/100 Berkshire Hathaway A (10 COM 084670991 267 200.00 SH SOLE 200.00 3M Co COM 88579y101 1745 22042.25 SH SOLE 22042.25 AT&T Inc COM 00206r102 4616 120517.93SH SOLE 120517.93 Abbott Laboratories COM 002824100 13291 240992.00SH SOLE 240992.00 Abercrombie & Fitch Co-Cl A COM 002896207 221 3028.00 SH SOLE 3028.00 Adobe Systems Inc COM 00724f101 5013 140844.00SH SOLE 140844.00 Aetna Inc COM 00817Y108 667 15849.00 SH SOLE 15849.00 Air Products & Chemicals Inc COM 009158106 940 10215.00 SH SOLE 10215.00 Airgas Inc COM 009363102 317 6965.00 SH SOLE 6965.00 Akamai Technologies COM 00971t101 5630 199918.00SH SOLE 199918.00 Alexander & Baldwin Inc COM 014482103 292 6775.00 SH SOLE 6775.00 Allstate Corp COM 020002101 505 10505.00 SH SOLE 10505.00 Altria Group Inc COM 02209s103 4167 187692.79SH SOLE 187692.79 America Movil-Adr Series L COM 02364w105 145 2270.00 SH SOLE 2270.00 American Eagle Outfitters COM 02553e106 263 15000.00 SH SOLE 15000.00 American Express Co COM 025816109 315 7207.76 SH SOLE 7207.76 American International Group COM 026874107 8139 188191.00SH SOLE 188116.00 Amgen Inc COM 031162100 1261 30176.00 SH SOLE 30176.00 Amphenol Corp-Cl A COM 032095101 4566 122588.00SH SOLE 122588.00 Anheuser-Busch Cos Inc. COM 035229103 612 12903.00 SH SOLE 12903.00 Anixter International Inc COM 035290105 3629 56662.00 SH SOLE 56662.00 Apache Corp COM 037411105 633 5236.00 SH SOLE 5236.00 Apple Inc COM 037833100 21971 153111.00SH SOLE 153111.00 AquaCell Technologies Inc COM 03840n107 7 23500.00 SH SOLE 23500.00 Aquacell Water Inc COM 03841f103 6 50000.00 SH SOLE 50000.00 Archer-Daniels-Midland Co COM 039483102 260 6315.00 SH SOLE 6315.00 Avon Products Inc COM 054303102 436 11021.00 SH SOLE 11021.00 BP PLC-Spons ADR COM 055622104 721 11894.48 SH SOLE 11894.48 Baker Hughes Inc COM 057224107 487 7115.00 SH SOLE 7115.00 Bank Of America Corp COM 060505104 3015 79540.12 SH SOLE 79540.12 Bank Of Marin Bancorp/CA COM 063425102 7 224.20 SH SOLE 224.20 Barr Pharmaceuticals Inc COM 068306109 719 14890.00 SH SOLE 14890.00 Baxter International Inc. COM 071813109 11043 190986.00SH SOLE 190986.00 Becton Dickinson & Co COM 075887109 612 7125.00 SH SOLE 7125.00 Beijing Capital Intl Airpo-H COM b06ml17 14 15000.00 SH SOLE 15000.00 Berkshire Hathaway Inc-Cl B COM 084670207 756 169.00 SH SOLE 169.00 Best Buy Co Inc COM 086516101 388 9370.00 SH SOLE 9370.00 Biogen Idec Inc COM 09062x103 697 11300.00 SH SOLE 11300.00 Boeing Co COM 097023105 766 10300.73 SH SOLE 10300.73 Bristol-Myers Squibb Co COM 110122108 428 20087.85 SH SOLE 20087.85 Burlington Northern Santa Fe COM 12189t104 208 2260.00 SH SOLE 2260.00 CVS Caremark Corp COM 126650100 25676 633817.00SH SOLE 633817.00 Cameron International Corp COM 13342b105 18075 434076.00SH SOLE 434076.00 Cardinal Health Inc COM 14149Y108 164 3125.00 SH SOLE 3065.00 Caterpillar Inc COM 149123101 5484 70042.00 SH SOLE 70042.00 Celgene Corp COM 151020104 18408 300345.00SH SOLE 300345.00 Centerpoint Energy Inc COM 15189t107 145 10145.00 SH SOLE 10145.00 Cerus Corp COM 157085101 58 10000.00 SH SOLE 10000.00 Charles River Laboratories COM 159864107 263 4455.00 SH SOLE 4455.00 Charter Communications, Inc. COM 16117m107 9 10000.00 SH SOLE 10000.00 Checkpoint Systems Inc COM 162825103 267 9950.00 SH SOLE 9950.00 Chesapeake Energy Corp COM 165167107 1571 34035.00 SH SOLE 34035.00 Chevron Corp COM 166764100 6830 80017.75 SH SOLE 80017.75 Chicago Bridge & Iron-NY Shr COM 167250109 10991 280091.00SH SOLE 280091.00 Chubb Corp COM 171232101 997 20144.00 SH SOLE 20144.00 Cisco Systems Inc COM 17275R102 13729 569924.00SH SOLE 569924.00 Citigroup Inc COM 172967101 559 26108.38 SH SOLE 26108.38 Citizens Utilities Co-Cl B COM 177342201 213 20350.00 SH SOLE 20350.00 Clorox Company COM 189054109 324 5720.00 SH SOLE 5720.00 Coca-Cola Co/The COM 191216100 1392 22861.32 SH SOLE 22861.32 Colgate-Palmolive Co COM 194162103 684 8783.00 SH SOLE 8783.00 Comcast Corp-Cl A COM 20030n101 365 18874.00 SH SOLE 18874.00 Conocophillips COM 20825C104 12827 168308.31SH SOLE 168308.31 Consolidated Edison Inc COM 209115104 598 15059.52 SH SOLE 15059.52 Consumer Discretionary Selt COM 81369y407 1734 56456.00 SH SOLE 56456.00 Consumer Staples SPDR COM 81369y308 1586 56922.00 SH SOLE 56922.00 Corning Inc COM 219350105 258 10738.00 SH SOLE 10738.00 Costco Wholesale Corp COM 22160K105 2747 42277.33 SH SOLE 42277.33 Covance Inc COM 222816100 13251 159703.00SH SOLE 159703.00 CurrencyShares Japanese Yen Tr COM 23130a102 301 3000.00 SH SOLE 3000.00 DRS Technologies Inc COM 23330X100 601 10320.00 SH SOLE 10255.00 DTE Energy Company COM 233331107 209 5381.00 SH SOLE 5381.00 Danaher Corp COM 235851102 10527 138453.78SH SOLE 138453.78 Deere & Co COM 244199105 281 3492.56 SH SOLE 3492.56 Dell Inc COM 24702r101 204 10228.00 SH SOLE 10228.00 Devon Energy Corporation COM 25179m103 277 2657.00 SH SOLE 2657.00 Diageo Plc-Sponsored ADR COM 25243q205 291 3580.00 SH SOLE 3580.00 Diamonds Trust Series I COM 252787106 1129 9223.00 SH SOLE 9223.00 Disney Co./Walt The COM 254687106 1696 54050.70 SH SOLE 54050.70 Dolby Laboratories Inc COM 25659t107 290 8005.00 SH SOLE 7925.00 Dominion Resources Inc/Va COM 25746u109 586 14358.00 SH SOLE 14358.00 Dow Chemical COM 260543103 328 8904.19 SH SOLE 8904.19 Du Pont (e.I.) De Nemours COM 263534109 1013 21672.00 SH SOLE 21672.00 Duke Energy Corp COM 26441c105 1450 81241.00 SH SOLE 81241.00 Edison International COM 281020107 841 17154.79 SH SOLE 17154.79 Eli Lilly & Co COM 532457108 268 5190.00 SH SOLE 5190.00 Emerson Electric Co COM 291011104 1846 35876.00 SH SOLE 35876.00 Encounter.Com Inc COM 29256n109 0 60000.00 SH SOLE 60000.00 Energen Corp COM 29265n108 436 7000.00 SH SOLE 7000.00 Energy Select Sector SPDR COM 81369y506 919 12411.00 SH SOLE 12411.00 Exelon Corp COM 30161n101 1046 12866.27 SH SOLE 12866.27 Express Scripts Inc COM 302182100 11152 173387.00SH SOLE 173387.00 Exxon Mobil Corp COM 30231G102 6660 78736.97 SH SOLE 78736.97 FPL Group Inc COM 302571104 908 14475.00 SH SOLE 14375.00 Financial Select Sector SPDR COM 81369y605 1818 73102.00 SH SOLE 73102.00 FirstEnergy Corp COM 337932107 266 3873.00 SH SOLE 3873.00 Flextronics Intl Ltd COM Y2573f102 373 39766.00 SH SOLE 39766.00 Franklin Resources Inc COM 354613101 224 2307.84 SH SOLE 2307.84 Freeport-MacMoran Copper-B COM 35671d857 501 5205.00 SH SOLE 5130.00 Genentech Inc COM 368710406 12130 149415.00SH SOLE 149415.00 General Cable Corp COM 369300108 4647 78661.00 SH SOLE 78661.00 General Dynamics Corp COM 369550108 7258 87054.00 SH SOLE 87054.00 General Electric Co COM 369604103 19881 537165.74SH SOLE 537045.74 General Growth Properties COM 370021107 625 16379.00 SH SOLE 16379.00 Genzyme Corp COM 372917104 8764 117581.00SH SOLE 117581.00 Gilead Sciences Inc COM 375558103 458 8880.00 SH SOLE 8880.00 GlaxoSmithKline Plc-Adr COM 37733w105 900 21222.00 SH SOLE 21222.00 Goldman Sachs Group Inc COM 38141G104 19211 116153.00SH SOLE 116153.00 Google Inc-Cl A COM 38259P508 10290 23361.00 SH SOLE 23361.00 HJ Heinz Co COM 423074103 201 4275.00 SH SOLE 4275.00 HSBC Holdings Plc-Spons ADR COM 404280406 729 8853.00 SH SOLE 8853.00 Halliburton Co COM 406216101 944 23999.00 SH SOLE 23999.00 Harris Corp COM 413875105 3068 63213.00 SH SOLE 63213.00 Hartford Financial Svcs Grp COM 416515104 288 3800.00 SH SOLE 3800.00 Health Care Select Sector COM 81369y209 874 28028.00 SH SOLE 28028.00 Hess Corp COM 42809h107 2469 28000.00 SH SOLE 28000.00 Hewlett-Packard Co COM 428236103 5033 110220.42SH SOLE 110220.42 Home Depot Inc COM 437076102 1451 51870.00 SH SOLE 51870.00 Honda Motor Co Ltd -Spon ADR COM 438128308 405 14070.00 SH SOLE 14070.00 Honeywell International Inc COM 438516106 1403 24870.00 SH SOLE 24870.00 ING Group N.V.-Sponsored ADR COM 456837103 1576 42170.00 SH SOLE 42170.00 ITT Corp COM 450911102 16158 311862.00SH SOLE 311862.00 India Fund Inc COM 454089103 534 11740.00 SH SOLE 11740.00 Industrial Select Sect SPDR COM 81369y704 1805 48271.00 SH SOLE 48271.00 Intel Corp COM 458140100 11287 532906.65SH SOLE 532906.65 Internet Infrastructure Hold COM 46059v104 99 18400.00 SH SOLE 18400.00 Intl Business Machines Corp COM 459200101 2742 23815.47 SH SOLE 23815.47 Intl Flavors & Fragrances COM 459506101 514 11675.00 SH SOLE 11675.00 Invesco Limited COM 46127u104 4072 167149.00SH SOLE 167149.00 Ivanhoe Nickel Plat F** Privat COM 0 20239.00 SH SOLE 20239.00 J Crew Group Inc COM 46612h402 335 7590.00 SH SOLE 7590.00 J.C. Penney Co Inc COM 708160106 234 6195.00 SH SOLE 6195.00 JPMorgan Chase & Co COM 46625h100 16269 378781.05SH SOLE 378781.05 Jacobs Engineering Group Inc COM 469814107 6683 90812.00 SH SOLE 90812.00 Johnson & Johnson COM 478160104 4733 72955.45 SH SOLE 72955.45 Johnson Controls Inc COM 478366107 829 24513.00 SH SOLE 24513.00 Kinder Morgan Energy Prtnrs COM 494550106 527 9635.00 SH SOLE 9635.00 Kraft Foods Inc-A COM 50075n104 355 11463.60 SH SOLE 11463.60 L-3 Communications Holdings COM 502424104 16289 148978.00SH SOLE 148978.00 Laboratory Crp Of Amer Hldgs COM 50540r409 21628 293536.00SH SOLE 293536.00 Lazard Ltd-Cl A COM G54050102 3167 82895.00 SH SOLE 82895.00 Lehman Brothers Holdings Inc COM 524908100 2223 59072.00 SH SOLE 59072.00 Lowe's Cos Inc COM 548661107 1185 51670.50 SH SOLE 51450.50 MDU Resources Group Inc COM 552690109 212 8622.00 SH SOLE 8622.00 MEMC Electronic Materials COM 552715104 12198 172045.00SH SOLE 172045.00 Manulife Financial Corp COM 56501r106 1099 28932.00 SH SOLE 28932.00 Marathon Oil Corp COM 568491062 262 5746.00 SH SOLE 5746.00 Materials Select Sector SPDR COM 81369y100 416 10355.00 SH SOLE 10355.00 McDermott Intl Inc COM 580037109 4443 81040.00 SH SOLE 81040.00 McDonald's Corp COM 580135101 1534 27504.25 SH SOLE 27504.25 McGraw-Hill Companies Inc COM 580645109 780 21105.00 SH SOLE 21105.00 Medco Health Solutions Inc COM 58405u102 209 4774.00 SH SOLE 4774.00 Medtronic Inc COM 585055106 667 13785.00 SH SOLE 13785.00 Merck & Co. Inc. COM 589331107 998 26293.28 SH SOLE 26293.28 Merrill Lynch & Co Inc COM 590188108 158 3872.00 SH SOLE 3872.00 Metro-Goldwin-Mayer Inc COM 552953101 2969 50525.00 SH SOLE 50525.00 Microsoft Corp COM 594918104 20354 717195.42SH SOLE 717195.42 Midcap SPDR Trust Series 1 COM 595635103 4136 29303.28 SH SOLE 29303.28 Morgan Stanley COM 617446448 2253 49302.00 SH SOLE 49302.00 National Oilwell Varco Inc COM 637071101 5673 97167.00 SH SOLE 97167.00 Nestle Sa-Spons ADR For Reg COM 641069406 43 339.00 SH SOLE 339.00 News Corp Ltd-Spons ADR COM 65248e203 651 34170.00 SH SOLE 34170.00 Nike Inc -Cl B COM 654106103 556 8174.76 SH SOLE 8174.76 Noble Corp COM g65422100 428 8616.00 SH SOLE 8616.00 Nokia Corp-Spon ADR COM 654902204 1280 40209.00 SH SOLE 40209.00 Nordstrom Inc COM 655664100 10988 337042.00SH SOLE 337042.00 Occidental Petroleum Corp COM 674599105 970 13255.00 SH SOLE 13255.00 Oil Service HOLDRs Trust COM 678002106 999 5650.00 SH SOLE 5650.00 Oracle Corp COM 68389x105 1429 73038.00 SH SOLE 73038.00 Ormat Technologies Inc COM 686688102 474 11020.00 SH SOLE 10930.00 Owens-Illinois Inc COM 690768403 453 8025.00 SH SOLE 8025.00 P G & E Corp COM 69331c108 284 7716.00 SH SOLE 7716.00 Pepsico Inc COM 713448108 15054 208499.14SH SOLE 208499.14 Pfizer Inc COM 717081103 1161 55484.07 SH SOLE 55484.07 Pharmaceutical Product Devel COM 717124101 626 14950.00 SH SOLE 14950.00 Philip Morris International COM 718172109 9490 187617.79SH SOLE 187617.79 Powershares DB Commodity Index COM 240225102 215 6000.00 SH SOLE 6000.00 Powershares Dynamic Biotechnol COM 73935x856 649 38680.00 SH SOLE 38680.00 Powershares QQQ Nasdaq 100 COM 73935a104 2114 48361.38 SH SOLE 48361.38 Powershares Wilderhill Clean E COM 73935x500 1169 59645.00 SH SOLE 59645.00 Praxair Inc COM 74005p104 833 9889.00 SH SOLE 9889.00 Procter & Gamble Co COM 742718109 9980 142430.56SH SOLE 142430.56 Psychiatric Solutions Inc COM 74439h108 12774 376590.00SH SOLE 376590.00 Qualcomm Inc COM 747525103 382 9322.44 SH SOLE 9322.44 Quest Diagnostics COM 74834l100 612 13510.00 SH SOLE 13510.00 Royal Dutch Shell Plc-Adr A COM 780259206 312 4520.00 SH SOLE 4520.00 Rydex S&P Equal Weight ETF COM 78355w106 871 20340.00 SH SOLE 20340.00 SPDR S&P RETAIL ETF COM 78464a714 693 21845.00 SH SOLE 21845.00 SPDR Trust Series 1 COM 78462f103 3554 26932.85 SH SOLE 26932.85 Safeway Inc COM 786514208 372 12682.00 SH SOLE 12682.00 Schering-Plough Corp COM 806605101 252 17496.72 SH SOLE 17496.72 Schlumberger Ltd COM 806857108 3362 38641.00 SH SOLE 38641.00 Schwab (Charles) Corp COM 808513105 406 21553.74 SH SOLE 21553.74 Sempra Energy COM 816851109 738 13848.00 SH SOLE 13848.00 Southern Co COM 842587107 448 12589.61 SH SOLE 12589.61 Spectra Energy Corp COM 847560109 1752 76991.00 SH SOLE 76991.00 Spectral Diagnostics Inc COM 847574100 5 10000.00 SH SOLE 10000.00 St Jude Medical Inc COM 790849103 5632 130402.00SH SOLE 130402.00 State Street Corp COM 857477103 211 2667.00 SH SOLE 2667.00 Statoil Asa-Spon ADR COM 85771p102 284 9494.00 SH SOLE 9494.00 StreetTracks Gold Trust COM 863307104 301 3332.00 SH SOLE 3332.00 Streettracks SPDR Homebuilders COM 78464a888 5163 238030.00SH SOLE 238030.00 Stryker Corp COM 863667101 486 7465.00 SH SOLE 7465.00 Sunoco Inc COM 86764p109 830 15825.00 SH SOLE 15825.00 Sysco Corp COM 871829107 447 15407.37 SH SOLE 15407.37 Target Corp COM 87612e106 16851 332505.69SH SOLE 332505.69 Technology Select Sect SPDR COM 81369y803 1919 85666.00 SH SOLE 85666.00 Teco Energy Inc COM 872375100 192 12025.00 SH SOLE 12025.00 Terex Corp COM 880779103 7974 127584.00SH SOLE 127584.00 Teva Pharmaceutical-Sp ADR COM 881624209 594 12859.00 SH SOLE 12859.00 Texas Instruments Inc COM 882508104 448 15840.00 SH SOLE 15840.00 Thermo Fisher Scientific Inc COM 883556102 18171 319685.00SH SOLE 319685.00 Thermo Tech Technologies COM 88360h101 0 10000.00 SH SOLE 10000.00 Thomas & Betts Corp COM 884315102 638 17550.00 SH SOLE 17440.00 Time Warner Inc COM 887317105 190 13559.00 SH SOLE 13559.00 Toyota Motor Corp -Spon ADR COM 892331307 1003 9942.00 SH SOLE 9942.00 US Bancorp COM 902973304 227 7010.00 SH SOLE 7010.00 Unilever Plc-Sponsored ADR COM 904767704 1237 36681.00 SH SOLE 36681.00 United Natural Foods Inc COM 911163103 211 11255.00 SH SOLE 11255.00 United Parcel Service-Cl B COM 911312106 2710 37116.42 SH SOLE 37116.42 United Technologies Corp COM 913017109 19502 283371.55SH SOLE 283371.55 UnitedHealth Group Inc COM 91324P102 1695 49340.00 SH SOLE 49340.00 Utilities Select Sector SPDR COM 81369y886 5306 139853.00SH SOLE 139853.00 Valero Energy Corp COM 91913Y100 1777 36191.00 SH SOLE 36191.00 Vanguard Total Stock Mk Vipers COM 922908769 349 2665.00 SH SOLE 2665.00 Varian Semiconductor Equip COM 922207105 2825 100343.00SH SOLE 100343.00 Verizon Communications Inc COM 92343v104 1520 41704.65 SH SOLE 41704.65 Vodaphone Group Plc-Sp ADR COM 92857w209 416 14080.00 SH SOLE 14080.00 Wachovia Corp COM 929903102 231 8567.00 SH SOLE 8567.00 Wal-Mart Stores Inc COM 931142103 605 11477.00 SH SOLE 11477.00 Walgreen Co COM 931422109 332 8719.00 SH SOLE 8719.00 Weatherford Intl Ltd COM g95089101 18449 254572.00SH SOLE 254572.00 Wellpoint Inc COM 94973V107 9428 213642.00SH SOLE 213642.00 Wells Fargo & Company COM 949746101 12668 435324.81SH SOLE 435324.81 Westamerica Bancorporation COM 957090103 44 837.00 SH SOLE 837.00 Williams Cos Inc COM 969457100 869 26355.00 SH SOLE 26355.00 Wyeth COM 983024100 1108 26530.75 SH SOLE 26530.75 XTO Energy Inc COM 98385X106 303 4900.00 SH SOLE 4900.00 Zimmer Holdings Inc COM 98956p102 243 3126.00 SH SOLE 3126.00 Zions Bancorporation COM 989701107 595 13055.00 SH SOLE 13005.00 eBay Inc COM 278642103 261 8748.00 SH SOLE 8748.00 iShares DJ Select Dividend Ind COM 464287168 1994 34460.00 SH SOLE 34460.00 iShares DJ US Energy Sector COM 464287796 210 1635.09 SH SOLE 1635.09 iShares DJ US Financial Sect COM 464287788 1583 19385.00 SH SOLE 19385.00 iShares DJ US Health Car Pro COM 464288828 1334 28355.00 SH SOLE 28355.00 iShares DJ US Industrial Sec COM 464287754 217 3175.00 SH SOLE 3175.00 iShares DJ US Telecommunicat COM 464287713 362 15487.00 SH SOLE 15487.00 iShares Ftse/Xinhua China 25 COM 464287184 904 6686.00 SH SOLE 6686.00 iShares Global Industrials COM 464288729 2173 36390.00 SH SOLE 36390.00 iShares Goldman Sachs Tech I COM 464287721 574 10930.00 SH SOLE 10930.00 iShares MSCI EAFE Index Fund COM 464287465 3843 53445.50 SH SOLE 53445.50 iShares MSCI Emerging Markets COM 464287234 1085 8074.00 SH SOLE 8074.00 iShares MSCI Japan Index COM 464286848 833 67323.00 SH SOLE 67323.00 iShares Russell 1000 Growth COM 464287614 470 8630.00 SH SOLE 8630.00 iShares Russell 2000 Index Fun COM 464287655 1995 29207.00 SH SOLE 29207.00 iShares S&P 100 Index Fund COM 464287101 1820 29674.00 SH SOLE 29424.00 iShares S&P 500 Index Fund COM 464287200 508 3838.66 SH SOLE 3838.66 iShares S&P 500/Bara Growth COM 464287309 387 6180.00 SH SOLE 5960.00 iShares S&P 500/Barra Value COM 464287408 415 5997.71 SH SOLE 5777.71 iShares S&P Europe 350 COM 464287861 2163 20595.00 SH SOLE 20595.00 iShares S&P Glbl Telecomm Se COM 464287275 5263 78528.00 SH SOLE 78528.00 iShares S&P Global 100 COM 464287572 1183 16231.00 SH SOLE 16231.00 iShares S&P Global Financials COM 464287333 1257 17940.00 SH SOLE 17940.00 iShares S&P Global Materials COM 464288695 273 3600.00 SH SOLE 3600.00 iShares S&P Latin American 40 COM 464287390 674 2670.00 SH SOLE 2670.00 iShares S&P Midcap 400/Value COM 464287705 198 2710.00 SH SOLE 2710.00 1/100 Berkshire Hathaway A (10 846701084 5736 4300.00 SH SOLE 4300.00 3M Co 88579y101 353 4462.09 SH SOLE 4462.09 AT&T Inc 00206r102 929 24254.85 SH SOLE 24254.85 Acusphere Inc 00511r870 48 100000.00SH SOLE 100000.00 Airspan Networks Inc 00950h102 47 50000.00 SH SOLE 50000.00 Alexza Pharmaceuticals, Inc. 015384100 482 70000.00 SH SOLE 70000.00 Allon Therapeutics Inc 019774108 18 20000.00 SH SOLE 20000.00 American Capital Strategies 024937104 376 11000.00 SH SOLE 11000.00 American River Bankshrs (CA) 029392610 264 16247.00 SH SOLE 16247.00 Autoliv Inc 052800109 351 7000.00 SH SOLE 7000.00 Bank Of America Corp 060505104 938 24751.53 SH SOLE 24751.53 Bank of Marin Bancorp/CA 063425102 1149 38313.00 SH SOLE 38313.00 Berkshire Hathaway Inc-CL B 846702074 1011 226.00 SH SOLE 226.00 Boeing Co 097023105 436 5858.80 SH SOLE 5858.80 Capital Trust, Inc. 14052h506 404 15000.00 SH SOLE 15000.00 Capstone Turbine Corp 14067d102 106 50000.00 SH SOLE 50000.00 Cardica Inc 14141r101 129 17500.00 SH SOLE 17500.00 Ceragon Networks Ltd 236 25000.00 SH SOLE 25000.00 Chevron Corp 166764100 4581 53661.97 SH SOLE 53661.97 Chipotle Mexican Gri-Class B 169656204 874 9000.00 SH SOLE 9000.00 Cisco Systems Inc 17275R102 2795 116003.00SH SOLE 116003.00 Cypress Bioscience Inc 232674507 179 25000.00 SH SOLE 25000.00 Divx INC 255413106 140 20000.00 SH SOLE 20000.00 Dot Hill Systems Corp 25848t109 195 65000.00 SH SOLE 65000.00 EMC Corp/Mass 268648102 222 15500.00 SH SOLE 15500.00 Elixir Gaming Technologies 28661g105 79 40500.00 SH SOLE 40500.00 Enliven Marketing Technologies 92672p108 37 50000.00 SH SOLE 50000.00 Exxon Mobil Corp 30231G102 2159 25523.60 SH SOLE 25523.60 FiberTower Corp 31567r100 88 50000.00 SH SOLE 50000.00 Genentech Inc 368710406 1017 12533.00 SH SOLE 12533.00 General Electric Co 369604103 1184 31978.53 SH SOLE 31978.53 Genius Products Inc 37229r206 46 65000.00 SH SOLE 65000.00 Geopetro Resources 37248h304 226 81667.00 SH SOLE 81667.00 Golfsmith International Hold 38168y103 22 10273.00 SH SOLE 10273.00 Hewlett-Packard Co 428236103 1070 23430.10 SH SOLE 23430.10 Huntington Bancshares Inc 446150104 121 11215.00 SH SOLE 11215.00 IShare DJ Select Dividend 464287168 302 5220.43 SH SOLE 5220.43 Intel Corp 458140100 797 37615.95 SH SOLE 37615.95 Intl Business Machines Corp 459200101 559 4858.05 SH SOLE 4858.05 Intuit Inc 461202103 267 9900.00 SH SOLE 9900.00 Johnson & Johnson 478160104 789 12169.46 SH SOLE 12169.46 Li & Fung Ltd Ord New 2294 618831.00SH SOLE 618831.00 LiveDeal Inc 538144106 50 15000.00 SH SOLE 15000.00 Magma Design Automation 559181102 96 10000.00 SH SOLE 10000.00 Microsoft Corp 594918104 782 27548.61 SH SOLE 27548.61 National Fuel Gas Co 636180101 283 6000.00 SH SOLE 6000.00 Nokia Corp-SPON ADR 654902204 356 11200.00 SH SOLE 11200.00 NorthStar Realty Finance Cor 66704r100 102 12500.00 SH SOLE 12500.00 Nutrition 21 Inc 67069v108 57 130000.00SH SOLE 130000.00 OpenTV Corporation 89 75000.00 SH SOLE 75000.00 Oracle Corp 68389x105 196 10020.00 SH SOLE 10020.00 P G & E Corp 69331c108 204 5531.43 SH SOLE 5531.43 PC-Tel Inc 69325q105 238 35000.00 SH SOLE 35000.00 Plumas Bancorp 729273102 211 16200.00 SH SOLE 16200.00 Powershares QQQ Nasdaq 100 73935a104 236 5405.68 SH SOLE 5405.68 Procter & Gamble Co 742718109 367 5234.02 SH SOLE 5234.02 Rohm and Haas Co 775371107 409 7570.00 SH SOLE 7570.00 SPDR Trust Series 1 78462f103 611 4630.00 SH SOLE 4630.00 Safeway Inc 786514208 338 11523.46 SH SOLE 11523.46 Schwab (Charles) Corp 808513105 1876 99612.73 SH SOLE 99612.73 Sempra Energy 816851109 899 16864.07 SH SOLE 16864.07 SourceForge Inc 83616w101 80 40000.00 SH SOLE 40000.00 Sourcefire Inc 83616t108 179 30000.00 SH SOLE 30000.00 Sulphco Inc 865378103 167 40000.00 SH SOLE 40000.00 Summit State Bank 866264203 144 18101.00 SH SOLE 18101.00 Sumtotal Systems Inc 866615107 167 40000.00 SH SOLE 40000.00 Suncor Energy inc 867229106 462 4800.00 SH SOLE 4800.00 Surewest Communications 868733106 299 19372.29 SH SOLE 19372.29 TLC Vision Corp 872549100 40 35000.00 SH SOLE 35000.00 Towerstream Corp 892000100 133 110000.00SH SOLE 110000.00 US Bancorp 902973304 207 6400.00 SH SOLE 6400.00 United Bankshares Inc 909907107 456 17100.00 SH SOLE 17100.00 Vanguard European VIPERS 922042874 1066 15500.00 SH SOLE 15500.00 Vanguard Extended Market Viper 922908652 419 4400.00 SH SOLE 4400.00 Wachovia Corp 929903102 519 19229.15 SH SOLE 19229.15 Website Pros Inc 94769v105 295 30000.00 SH SOLE 30000.00 Wells Fargo & Company 949746101 551 18930.00 SH SOLE 18930.00 WesternZagros Resources Ltd 960008100 95 40000.00 SH SOLE 40000.00 Wind River Systems Inc 973149107 155 20000.00 SH SOLE 20000.00 Xcel Energy Inc 98389b100 205 10300.00 SH SOLE 10300.00 eLoyalty Corp 290151307 81 10000.00 SH SOLE 10000.00 eSat Inc. 296054109 0 80000.00 SH SOLE 80000.00 iShares MSCI EAFE Index Fund 464287465 431 6000.00 SH SOLE 6000.00 iShares MSCI Pacific Ex Japan 464286665 264 1950.00 SH SOLE 1950.00 iShares Russell 3000 Index 1841 24160.00 SH SOLE 24160.00 iShares S&P 500 Index Fund 464287200 1622 12263.09 SH SOLE 12263.09 REPORT SUMMARY 353 DATA RECORDS 870731 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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