-----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, Bt1zdZqB6Gi2P8bdw6d7gZqlwd4l0plVoAa63tE7yuy5kkqIA++VO0ssBirD+DK8 6UeFUDpnkfPIpsT+a32GCw== 0001127544-09-000011.txt : 20091112 0001127544-09-000011.hdr.sgml : 20091111 20091112100423 ACCESSION NUMBER: 0001127544-09-000011 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090930 FILED AS OF DATE: 20091112 DATE AS OF CHANGE: 20091112 EFFECTIVENESS DATE: 20091112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KARPAS STRATEGIES LLC CENTRAL INDEX KEY: 0001127544 IRS NUMBER: 134074234 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06347 FILM NUMBER: 091174834 BUSINESS ADDRESS: STREET 1: 488 MADISON AVENUE STREET 2: 17TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2122237280 MAIL ADDRESS: STREET 1: 488 MADISON AVENUE STREET 2: 17TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 13F-HR 1 ks3q09.txt 13F United States Securities and Exchange Commission Washington, D.C. 20549 Form 13F Form 13F Cover Page Report for the Calendar Year or Quarter Ended: September 30, 2009 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Karpas Strategies, LLC Address: 488 Madison Avenue, 17th Floor New York, NY 10022 13F File Number: 028-06347 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: Kitty Lee Title: Administrator Telephone: 212-223-7280 Signature, Place, and Date of Signing Kitty Lee New York, New York November 11, 2009 Report Type (Check only one.): [X] 13F Holdings Report. [ ] 13F Notice. [ ] 13F Combination Report. List of Other Managers Reporting for this Manager: 0 I am signing this report as required by the Securities Exchange Act of 1934. Form 13F Summary Page Report Summary: Number of Other Included Managers: Form 13F Information Table Entry Total: 102 Form 13F Information Table Value Total: $123,247,000 List of Other Included Managers: 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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Ace Limited COM G0070K103 784 14665 SH Sole 13415 1250 AllianceBernstein Holdings LP COM 01881g106 645 23650 SH Sole 22550 1100 Alpine Total Dynamic Fd COM 021060108 112 12500 SH Sole 12500 American Express COM 025816109 529 15600 SH Sole 15600 BHP Billiton Ltd COM 088606108 990 15000 SH Sole 15000 BP PLC COM 055622104 1574 29570 SH Sole 29570 Berkshire Hathaway Inc. CL A COM 084670108 202 2 SH Sole 2 Berkshire Hathaway Inc. Cl B COM 084670207 2266 682 SH Sole 626 56 Bristol-Myers Squibb COM 110122108 712 31600 SH Sole 31600 Brookfield Asset Mgt COM 112585104 3652 160822 SH Sole 147122 13700 Brookfield Infrastru Prtnrs LP COM g16252102 1476 89692 SH Sole 84981 4711 Burlington Northern Santa Fe COM 12189t104 850 10650 SH Sole 9700 950 CME Group Inc Cl A COM 167760107 308 1000 SH Sole 1000 CVS Caremark, Corp. COM 126650100 630 17636 SH Sole 17052 584 CapitalSource Inc. COM 14055X102 338 77888 SH Sole 72038 5850 Charles Schwab COM 808513105 8726 455662 SH Sole 363732 91930 Chevron Corp. COM 166751107 1824 25900 SH Sole 22900 3000 CitiGroup Inc. COM 172967101 1139 235366 SH Sole 202602 32764 Coca Cola Co. COM 191216100 921 17150 SH Sole 15650 1500 Colgate-Palmolive COM 194162103 399 5225 SH Sole 5225 Comcast Cl A Special COM 200300200 1319 82035 SH Sole 73910 8125 Comcast Corp. Cl A COM 20030N101 283 16781 SH Sole 15020 1761 ConocoPhillips COM 20825C104 1454 32187 SH Sole 32187 Copano Energy, LLC COM 217202100 1049 57641 SH Sole 54641 3000 Crystal River Capital COM 229393301 129 106825 SH Sole 93025 13800 Deere & Co. COM 244199105 515 12000 SH Sole 12000 Duke Energy Corp. COM 26441c105 246 15600 SH Sole 15600 Duke Realty Corp COM 264411505 184 15306 SH Sole 14106 1200 Eastgroup Properties COM 277276101 506 13250 SH Sole 13250 EnCana Corp. COM 292505104 490 8500 SH Sole 8050 450 Enbridge Energy Management LLC COM 29250x103 2430 53895 SH Sole 51028 2867 Enstar Group LTD COM G3075P101 293 4710 SH Sole 4410 300 Ethan Allen Interiors COM 297602104 173 10468 SH Sole 10468 Evergreen Global Div FD COM 30024H101 128 12500 SH Sole 12500 Exxon Mobil Corp COM 30231G102 4476 65238 SH Sole 65238 FPL Group Inc. COM 302571104 783 14182 SH Sole 14182 First Nat'l of Nebraska, Inc. COM 335720108 2423 950 SH Sole 850 100 Forest City Ent. CL A COM 345550107 134 10000 SH Sole 9200 800 General Electric COM 369604103 3099 188762 SH Sole 174312 14450 HSBC Holdings PLC COM 404280406 1885 32866 SH Sole 32866 Hess Corp. COM 42809h107 838 15678 SH Sole 15678 Honeywell Intl. COM 438506107 669 18000 SH Sole 15000 3000 ITT Corp. COM 450911102 369 7075 SH Sole 5850 1225 Icici Bank LTD COM 45104G104 1120 29050 SH Sole 29050 Intl Bus Machines COM 459200101 354 2958 SH Sole 2958 JPMorgan Chase COM 46625H100 231 5261 SH Sole 5261 Johnson & Johnson COM 478160104 11285 185335 SH Sole 182835 2500 Kinder Morgan Energy Partners COM 494550106 529 9800 SH Sole 9800 Leucadia Natl Corp. COM 527288104 3050 123383 SH Sole 114283 9100 Level 3 Communications COM 52729N100 15 10500 SH Sole 10500 Liberty Global Cl A COM 530555101 665 29444 SH Sole 27452 1992 Liberty Global Ser C COM 530555309 1166 51895 SH Sole 46503 5392 Liberty Media Ent A COM 53071M500 1009 32436 SH Sole 29048 3388 Liberty Media Hldg COM 53071m104 339 30875 SH Sole 26635 4240 Lockheed Martin COM 539831099 411 5266 SH Sole 4589 677 Magellan Midstream Ptnrs LP COM 559080106 3081 81941 SH Sole 77736 4205 Manulife Financial Corp. COM 56501r106 251 12000 SH Sole 6000 6000 Markwest Energy Ptnr LP COM 570759100 987 41770 SH Sole 35470 6300 Marriott Intl. Inc. COM 571903202 834 30224 SH Sole 30224 Martin Marietta Mtrl COM 573284106 603 6550 SH Sole 5875 675 McDonald's Corp. COM 580135101 214 3750 SH Sole 3350 400 Merck & Co. COM 589331107 4523 143000 SH Sole 143000 Microsoft Corp. COM 594918104 701 27250 SH Sole 27250 Monsanto Co. COM 61166w101 697 9000 SH Sole 9000 Montpelier Re Holdings LTD COM G62185106 718 44000 SH Sole 40300 3700 Nacco Inds Inc. CL A COM 652957910 650 10825 SH Sole 10115 710 National Aust Bank COM 632525408 624 23000 SH Sole 23000 News Corp LTD Cl A COM 65248e104 1408 117686 SH Sole 107936 9750 Nokia Corp. Spon ADR COM 654902209 151 10325 SH Sole 10325 Nuveen Govt Income Fund COM 67090N109 214 12750 SH Sole 12750 Oneok Partners LP COM 68268N103 2190 41400 SH Sole 36400 5000 Pfizer Inc. COM 717081103 1305 78865 SH Sole 73665 5200 Philip Morris Intl Inc COM 718172109 478 9800 SH Sole 9800 Plum Creek Timber COM 729251108 208 6800 SH Sole 6800 Procter & Gamble Co COM 742718109 266 4600 SH Sole 2650 1950 Rayonier Inc COM 754907103 2899 70867 SH Sole 68767 2100 Royal Dutch Shell COM 780259206 1127 19700 SH Sole 19700 Shaw Communications COM 82082k200 288 16000 SH Sole 16000 Spectra Energy Corp. COM 847560109 489 25800 SH Sole 25800 St. Joe Co COM 790148100 1484 50950 SH Sole 47050 3900 Suncor Energy Inc. COM 867229106 311 9000 SH Sole 9000 Texas Instruments COM 882508104 1137 48000 SH Sole 48000 The Bank of New York Mellon COM 064057102 620 21379 SH Sole 13719 7660 Toronto-Dominion Bank COM 891160509 400 6213 SH Sole 6213 Travelers Companies Inc. COM 792860108 327 6650 SH Sole 6650 U S G Corp. COM 903293405 1056 61475 SH Sole 53650 7825 U.S. Bancorp COM 902973304 1717 78545 SH Sole 78545 VistaPrint Limited COM G93762204 8655 170545 SH Sole 158545 12000 W.P. Carey & Co LLC COM 92930Y107 2630 92900 SH Sole 89825 3075 Wal-Mart Stores COM 931142103 437 8900 SH Sole 8900 Walt Disney Co. COM 254687106 1003 36529 SH Sole 31729 4800 Waste Management, Inc. COM 94106L109 396 13275 SH Sole 12275 1000 Wells Fargo & Co. COM 949746101 2649 94000 SH Sole 86000 8000 Westpac Banking Corp (ADR) COM 961214301 519 4500 SH Sole 4500 White Mountains Insurance Grou COM G9618E107 493 1607 SH Sole 1482 125 Wyeth COM 026609107 1049 21600 SH Sole 21600 Zimmer Holdings Inc. COM 98956p102 265 4960 SH Sole 4960 iShares S&P US PFD Fund 464288687 290 8000 SH Sole 8000 Fidelity Asset Manager 50% MUT 316069103 153 11354.7360 SH Sole 11354.7360 Longleaf Partners Internationa MUT 543069405 258 19159.6660 SH Sole 14910.0520 4249.6140 Putnam Health Sciences Trust MUT 746778109 271 6084.1410 SH Sole 6084.1410 Vanguard U.S. Value Fund MUT 922020201 94 10622.9470 SH Sole 10622.9470 REPORT SUMMARY 102 DATA RECORDS 123247 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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