-----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, Rou210RiENxw40M1X0T/2MFMnQpC67UhIDdOkMDbo0DRoOE1wmU+Z0ScZATcCazq U0XccHJnqTxthUCYBbYHtQ== 0001127544-10-000004.txt : 20100507 0001127544-10-000004.hdr.sgml : 20100507 20100507132122 ACCESSION NUMBER: 0001127544-10-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100331 FILED AS OF DATE: 20100507 DATE AS OF CHANGE: 20100507 EFFECTIVENESS DATE: 20100507 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: 10811329 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 ks1q10.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: March 31, 2010 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 May 5, 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: 106 Form 13F Information Table Value Total: $133,998,000 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 767 14665 SH Sole 13415 1250 AllianceBernstein Holdings LP COM 01881g106 725 23650 SH Sole 22550 1100 Alpine Total Dynamic Fd COM 021060108 113 12500 SH Sole 12500 American Express COM 025816109 644 15600 SH Sole 15600 BHP Billiton Ltd COM 088606108 1205 15000 SH Sole 15000 BP PLC COM 055622104 1688 29570 SH Sole 29570 Berkshire Hathaway Inc. CL A COM 084670108 365 3 SH Sole 3 Berkshire Hathaway Inc. Cl B COM 084670207 3079 37892 SH Sole 34534 3358 Boeing Co. COM 097023105 234 3218 SH Sole 3218 Bristol-Myers Squibb COM 110122108 844 31600 SH Sole 31600 Brookfield Asset Mgt COM 112585104 4101 161322 SH Sole 146622 14700 Brookfield Infrastru Prtnrs LP COM g16252102 1578 89692 SH Sole 84981 4711 CME Group Inc Cl A COM 167760107 316 1000 SH Sole 1000 CVS Caremark, Corp. COM 126650100 645 17636 SH Sole 17052 584 CapitalSource Inc. COM 14055X102 435 77888 SH Sole 72038 5850 Cenovus Energy, Inc. COM 15135U109 223 8500 SH Sole 8050 450 Charles Schwab COM 808513105 7640 408800 SH Sole 316950 91850 Chevron Corp. COM 166751107 1737 22900 SH Sole 19900 3000 CitiGroup Inc. COM 172967101 917 226442 SH Sole 193678 32764 Coca Cola Co. COM 191216100 1122 20400 SH Sole 18900 1500 Colgate-Palmolive COM 194162103 445 5225 SH Sole 5225 Comcast Cl A Special COM 200300200 1474 82035 SH Sole 73910 8125 Comcast Corp. Cl A COM 20030N101 301 16006 SH Sole 15020 986 ConocoPhillips COM 20825C104 1621 31687 SH Sole 31687 Copano Energy, LLC COM 217202100 1395 57641 SH Sole 54641 3000 Crystal River Capital COM 229393301 61 92525 SH Sole 83725 8800 Deere & Co. COM 244199105 714 12000 SH Sole 12000 DirectTV Group Inc. COM 25459L106 1086 32106 SH Sole 28723 3383 Duke Energy Corp. COM 26441c105 255 15600 SH Sole 15600 Duke Realty Corp COM 264411505 190 15306 SH Sole 14106 1200 Eastgroup Properties COM 277276101 500 13250 SH Sole 13250 EnCana Corp. COM 292505104 264 8500 SH Sole 8050 450 Enbridge Energy Management LLC COM 29250x103 2862 56065 SH Sole 53085 2979 Enstar Group LTD COM G3075P101 353 5110 SH Sole 4810 300 Ethan Allen Interiors COM 297602104 216 10468 SH Sole 10468 Evergreen Global Div FD COM 30024H101 130 12500 SH Sole 12500 Exxon Mobil Corp COM 30231G102 4202 62738 SH Sole 62738 FPL Group Inc. COM 302571104 685 14182 SH Sole 14182 First Nat'l of Nebraska, Inc. COM 335720108 2670 950 SH Sole 850 100 Forest City Ent. CL A COM 345550107 144 10000 SH Sole 9200 800 General Electric COM 369604103 3436 188773 SH Sole 174323 14450 HSBC Holdings PLC COM 404280406 1666 32866 SH Sole 32866 Hess Corp. COM 42809h107 981 15678 SH Sole 15678 Honeywell Intl. COM 438506107 815 18000 SH Sole 15000 3000 ITT Corp. COM 450911102 379 7075 SH Sole 5850 1225 Icici Bank LTD COM 45104G104 1240 29050 SH Sole 29050 Intl Bus Machines COM 459200101 376 2933 SH Sole 2933 JPMorgan Chase COM 46625H100 235 5261 SH Sole 5261 Johnson & Johnson COM 478160104 12084 185335 SH Sole 182835 2500 Kinder Morgan Energy Partners COM 494550106 641 9800 SH Sole 9800 Leucadia Natl Corp. COM 527288104 3061 123383 SH Sole 114283 9100 Level 3 Communications COM 52729N100 17 10500 SH Sole 10500 Liberty Capital Ser A COM 53071m302 220 6041 SH Sole 5410 631 Liberty Global Cl A COM 530555101 852 29234 SH Sole 27242 1992 Liberty Global Ser C COM 530555309 1501 51945 SH Sole 46553 5392 Liberty Media Hldg COM 53071m104 472 30875 SH Sole 26635 4240 Lockheed Martin COM 539831099 438 5266 SH Sole 4589 677 Magellan Midstream Ptnrs LP COM 559080106 3895 81941 SH Sole 77736 4205 Manulife Financial Corp. COM 56501r106 236 12000 SH Sole 6000 6000 Markwest Energy Ptnr LP COM 570759100 1280 41770 SH Sole 35470 6300 Marriott Intl. Inc. COM 571903202 956 30327 SH Sole 30327 Martin Marietta Mtrl COM 573284106 547 6550 SH Sole 5875 675 McDonald's Corp. COM 580135101 250 3750 SH Sole 3350 400 Merck & Co. COM 589331107 5341 143000 SH Sole 143000 Microsoft Corp. COM 594918104 798 27250 SH Sole 27250 Monsanto Co. COM 61166w101 643 9000 SH Sole 9000 Montpelier Re Holdings LTD COM G62185106 740 44000 SH Sole 40300 3700 Nacco Inds Inc. CL A COM 652957910 803 10825 SH Sole 10115 710 National Aust Bank COM 632525408 581 23000 SH Sole 23000 News Corp LTD Cl A COM 65248e104 1698 117806 SH Sole 108056 9750 Nokia Corp. Spon ADR COM 654902209 160 10325 SH Sole 10325 Nuveen Govt Income Fund COM 67090N109 193 12750 SH Sole 12750 Oneok Partners LP COM 68268N103 2537 41400 SH Sole 36400 5000 Pfizer Inc. COM 717081103 2168 126406 SH Sole 120706 5700 Philip Morris Intl Inc COM 718172109 496 9500 SH Sole 9500 Plum Creek Timber COM 729251108 265 6800 SH Sole 6800 Procter & Gamble Co COM 742718109 291 4600 SH Sole 2650 1950 Rayonier Inc COM 754907103 3219 70867 SH Sole 68767 2100 Royal Dutch Shell COM 780259206 1140 19700 SH Sole 19700 Shaw Communications COM 82082k200 318 16000 SH Sole 16000 Spectra Energy Corp. COM 847560109 491 21800 SH Sole 21800 St. Joe Co COM 790148100 1750 54085 SH Sole 47210 6875 Suncor Energy Inc. COM 867229106 293 9000 SH Sole 9000 Texas Instruments COM 882508104 1175 48000 SH Sole 48000 The Bank of New York Mellon COM 064057102 660 21379 SH Sole 13719 7660 Toronto-Dominion Bank COM 891160509 463 6213 SH Sole 6213 Travelers Companies Inc. COM 792860108 359 6650 SH Sole 6650 U S G Corp. COM 903293405 1180 68775 SH Sole 59450 9325 U.S. Bancorp COM 902973304 2033 78545 SH Sole 78545 VistaPrint Limited COM G93762204 9511 165800 SH Sole 153800 12000 W.P. Carey & Co LLC COM 92930Y107 2729 92900 SH Sole 89825 3075 Wal-Mart Stores COM 931142103 512 9200 SH Sole 9200 Walt Disney Co. COM 254687106 1275 36529 SH Sole 31729 4800 Waste Management, Inc. COM 94106L109 457 13275 SH Sole 12275 1000 Wells Fargo & Co. COM 949746101 2925 94000 SH Sole 86000 8000 Westpac Banking Corp (ADR) COM 961214301 572 4500 SH Sole 4500 White Mountains Insurance Grou COM G9618E107 553 1557 SH Sole 1432 125 Williams Companies COM 969457100 222 9600 SH Sole 8100 1500 Zimmer Holdings Inc. COM 98956p102 294 4960 SH Sole 4960 iShares S&P US PFD Fund 464288687 310 8000 SH Sole 8000 Fidelity Asset Manager 50% MUT 316069103 165 11472.5620 SH Sole 11472.5620 Longleaf Partners Internationa MUT 543069405 267 19159.6660 SH Sole 14910.0520 4249.6140 Putnam Health Sciences Trust MUT 746778109 229 4655.1310 SH Sole 4655.1310 T Rowe Price Growth Stock Fd I MUT 741479109 204 7101.7380 SH Sole 7101.7380 Vanguard Inflation Protected S MUT 922031737 353 14331.9510 SH Sole 14331.9510 Vanguard U.S. Value Fund MUT 922020201 104 10836.3540 SH Sole 10836.3540 REPORT SUMMARY 106 DATA RECORDS 133998 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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