-----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, Gq37R/h4SUiUIEXWTjcHqqwTKBG1GLDHuyAUAHe+nk1HBN5RXIK421Hx123AOzdw cZgZ8ZroLus//1EPSBdLWw== 0001127544-10-000002.txt : 20100208 0001127544-10-000002.hdr.sgml : 20100208 20100208110136 ACCESSION NUMBER: 0001127544-10-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20091231 FILED AS OF DATE: 20100208 DATE AS OF CHANGE: 20100208 EFFECTIVENESS DATE: 20100208 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: 10579850 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 ks4q09.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: December 31, 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 February 4, 2010 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: 101 Form 13F Information Table Value Total: $126,264,000 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 739 14665 SH Sole 13415 1250 AllianceBernstein Holdings LP COM 01881g106 665 23650 SH Sole 22550 1100 Alpine Total Dynamic Fd COM 021060108 112 12500 SH Sole 12500 American Express COM 025816109 632 15600 SH Sole 15600 BHP Billiton Ltd COM 088606108 1149 15000 SH Sole 15000 BP PLC COM 055622104 1714 29570 SH Sole 29570 Berkshire Hathaway Inc. Cl B COM 084670207 2175 662 SH Sole 606 56 Bristol-Myers Squibb COM 110122108 798 31600 SH Sole 31600 Brookfield Asset Mgt COM 112585104 3334 150322 SH Sole 135622 14700 Brookfield Infrastru Prtnrs LP COM g16252102 1253 74692 SH Sole 69981 4711 Burlington Northern Santa Fe COM 12189t104 1050 10650 SH Sole 9700 950 CME Group Inc Cl A COM 167760107 336 1000 SH Sole 1000 CVS Caremark, Corp. COM 126650100 568 17636 SH Sole 17052 584 CapitalSource Inc. COM 14055X102 309 77888 SH Sole 72038 5850 Cenovus Energy, Inc. COM 15135U109 214 8500 SH Sole 8050 450 Charles Schwab COM 808513105 8576 455662 SH Sole 363732 91930 Chevron Corp. COM 166751107 1886 24500 SH Sole 21500 3000 CitiGroup Inc. COM 172967101 752 227191 SH Sole 194427 32764 Coca Cola Co. COM 191216100 1163 20400 SH Sole 18900 1500 Colgate-Palmolive COM 194162103 429 5225 SH Sole 5225 Comcast Cl A Special COM 200300200 1313 82035 SH Sole 73910 8125 Comcast Corp. Cl A COM 20030N101 270 16006 SH Sole 15020 986 ConocoPhillips COM 20825C104 1261 24687 SH Sole 24687 Copano Energy, LLC COM 217202100 1378 57641 SH Sole 54641 3000 Crystal River Capital COM 229393301 39 92525 SH Sole 83725 8800 Deere & Co. COM 244199105 649 12000 SH Sole 12000 DirectTV Group Inc. COM 25459L106 1071 32106 SH Sole 28723 3383 Duke Energy Corp. COM 26441c105 268 15600 SH Sole 15600 Duke Realty Corp COM 264411505 186 15306 SH Sole 14106 1200 Eastgroup Properties COM 277276101 507 13250 SH Sole 13250 EnCana Corp. COM 292505104 275 8500 SH Sole 8050 450 Enbridge Energy Management LLC COM 29250x103 2923 55021 SH Sole 52096 2925 Enstar Group LTD COM G3075P101 373 5110 SH Sole 4810 300 Ethan Allen Interiors COM 297602104 140 10468 SH Sole 10468 Evergreen Global Div FD COM 30024H101 128 12500 SH Sole 12500 Exxon Mobil Corp COM 30231G102 4380 64238 SH Sole 64238 FPL Group Inc. COM 302571104 749 14182 SH Sole 14182 First Nat'l of Nebraska, Inc. COM 335720108 2090 950 SH Sole 850 100 Forest City Ent. CL A COM 345550107 118 10000 SH Sole 9200 800 General Electric COM 369604103 2856 188768 SH Sole 174318 14450 HSBC Holdings PLC COM 404280406 1876 32866 SH Sole 32866 Hess Corp. COM 42809h107 949 15678 SH Sole 15678 Honeywell Intl. COM 438506107 706 18000 SH Sole 15000 3000 ITT Corp. COM 450911102 352 7075 SH Sole 5850 1225 Icici Bank LTD COM 45104G104 1095 29050 SH Sole 29050 Intl Bus Machines COM 459200101 387 2958 SH Sole 2958 JPMorgan Chase COM 46625H100 219 5261 SH Sole 5261 Johnson & Johnson COM 478160104 11937 185335 SH Sole 182835 2500 Kinder Morgan Energy Partners COM 494550106 598 9800 SH Sole 9800 Leucadia Natl Corp. COM 527288104 2935 123383 SH Sole 114283 9100 Level 3 Communications COM 52729N100 16 10500 SH Sole 10500 Liberty Global Cl A COM 530555101 640 29234 SH Sole 27242 1992 Liberty Global Ser C COM 530555309 1136 51945 SH Sole 46553 5392 Liberty Media Hldg COM 53071m104 335 30875 SH Sole 26635 4240 Lockheed Martin COM 539831099 397 5266 SH Sole 4589 677 Magellan Midstream Ptnrs LP COM 559080106 3551 81941 SH Sole 77736 4205 Manulife Financial Corp. COM 56501r106 220 12000 SH Sole 6000 6000 Markwest Energy Ptnr LP COM 570759100 1223 41770 SH Sole 35470 6300 Marriott Intl. Inc. COM 571903202 826 30327 SH Sole 30327 Martin Marietta Mtrl COM 573284106 586 6550 SH Sole 5875 675 McDonald's Corp. COM 580135101 234 3750 SH Sole 3350 400 Merck & Co. COM 589331107 5225 143000 SH Sole 143000 Microsoft Corp. COM 594918104 831 27250 SH Sole 27250 Monsanto Co. COM 61166w101 736 9000 SH Sole 9000 Montpelier Re Holdings LTD COM G62185106 762 44000 SH Sole 40300 3700 Nacco Inds Inc. CL A COM 652957910 539 10825 SH Sole 10115 710 National Aust Bank COM 632525408 567 23000 SH Sole 23000 News Corp LTD Cl A COM 65248e104 1613 117806 SH Sole 108056 9750 Nokia Corp. Spon ADR COM 654902209 133 10325 SH Sole 10325 Nuveen Govt Income Fund COM 67090N109 196 12750 SH Sole 12750 Oneok Partners LP COM 68268N103 2579 41400 SH Sole 36400 5000 Pfizer Inc. COM 717081103 2299 126406 SH Sole 120706 5700 Plum Creek Timber COM 729251108 257 6800 SH Sole 6800 Procter & Gamble Co COM 742718109 279 4600 SH Sole 2650 1950 Rayonier Inc COM 754907103 2988 70867 SH Sole 68767 2100 Royal Dutch Shell COM 780259206 1184 19700 SH Sole 19700 Shaw Communications COM 82082k200 329 16000 SH Sole 16000 Spectra Energy Corp. COM 847560109 447 21800 SH Sole 21800 St. Joe Co COM 790148100 1245 43110 SH Sole 37210 5900 Suncor Energy Inc. COM 867229106 318 9000 SH Sole 9000 Texas Instruments COM 882508104 1251 48000 SH Sole 48000 The Bank of New York Mellon COM 064057102 598 21379 SH Sole 13719 7660 Toronto-Dominion Bank COM 891160509 390 6213 SH Sole 6213 Travelers Companies Inc. COM 792860108 332 6650 SH Sole 6650 U S G Corp. COM 903293405 966 68775 SH Sole 59450 9325 U.S. Bancorp COM 902973304 1768 78545 SH Sole 78545 VistaPrint Limited COM G93762204 9663 170545 SH Sole 158545 12000 W.P. Carey & Co LLC COM 92930Y107 2571 92900 SH Sole 89825 3075 Walt Disney Co. COM 254687106 1178 36529 SH Sole 31729 4800 Waste Management, Inc. COM 94106L109 449 13275 SH Sole 12275 1000 Wells Fargo & Co. COM 949746101 2537 94000 SH Sole 86000 8000 Westpac Banking Corp (ADR) COM 961214301 509 4500 SH Sole 4500 White Mountains Insurance Grou COM G9618E107 535 1607 SH Sole 1482 125 Williams Companies COM 969457100 202 9600 SH Sole 8100 1500 Zimmer Holdings Inc. COM 98956p102 293 4960 SH Sole 4960 iShares S&P US PFD Fund 464288687 294 8000 SH Sole 8000 Fidelity Asset Manager 50% MUT 316069103 159 11472.5620 SH Sole 11472.5620 Longleaf Partners Internationa MUT 543069405 262 19159.6660 SH Sole 14910.0520 4249.6140 Putnam Health Sciences Trust MUT 746778109 285 6104.1060 SH Sole 6104.1060 Vanguard Inflation Protected S MUT 922031737 351 14253.2840 SH Sole 14253.2840 Vanguard U.S. Value Fund MUT 922020201 98 10836.3540 SH Sole 10836.3540 REPORT SUMMARY 101 DATA RECORDS 126264 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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