0000950123-11-090108.txt : 20111014 0000950123-11-090108.hdr.sgml : 20111014 20111014155919 ACCESSION NUMBER: 0000950123-11-090108 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111014 DATE AS OF CHANGE: 20111014 EFFECTIVENESS DATE: 20111014 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHESLEY TAFT & ASSOCIATES LLC/IL CENTRAL INDEX KEY: 0001164632 IRS NUMBER: 364375532 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10082 FILM NUMBER: 111141915 BUSINESS ADDRESS: STREET 1: 10 S LASALLE ST STREET 2: SUITE 3250 CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 3128731260 MAIL ADDRESS: STREET 1: 10 S LASALLE ST STREET 2: SUITE 3250 CITY: CHICAGO STATE: IL ZIP: 60603 13F-HR 1 c23346e13fvhr.txt FORM 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, 2011 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: Chesley, Taft & Associates, LLC Address: 10 South LaSalle Street, Suite 3250 Chicago, Illinois 60603 Form 13F File Number: 28-10082 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: Faris F. Chesley Title: Manager Phone: 312/873-1260 Signature, Place, and Date of Signing: /s/ Faris F. Chesley Chicago, Illinois October 14, 2011 Report Type (Check only one.): [x] 13F HOLDINGS REPORT. (Check here if all holdings of this report manager are reported in this report.) [] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by OTHER reporting manager(s).) List of Other Managers Reporting for this Manager: NONE FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 195 Form 13F Information Table Value Total: 456406 (thousands) List of Other Included Managers: NONE Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, OTHER than the manager filing this report. FORM 13F INFORMATION TABLE
Voting Authority ----------------- Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ------------------------------ -------------- ------------ -------- --------- --- ---- ------- -------- -------- ------ --------- 3M Company COM 88579y101 2997 41750 SH Sole 6244 35506 Abbott Laboratories COM 002824100 3736 73056 SH Sole 23957 49099 Accenture PLC COM G1151C101 4057 77004 SH Sole 70704 6150 Ace Ltd Switzerland COM H0023R105 341 5625 SH Sole 5625 Aflac Inc. COM 001055102 211 6050 SH Sole 6050 Agilent Technologies Inc. COM 00846U101 1833 58651 SH Sole 56876 1275 Air Products & Chemicals Inc. COM 009158106 1801 23585 SH Sole 22690 650 Allergan, Inc. COM 018490102 466 5657 SH Sole 5657 500 Altria Group Inc. COM 02209s103 241 8998 SH Sole 8598 4400 Amazon.com, Inc. COM 023135106 3883 17958 SH Sole 16588 1275 American Growth Fund of Americ 399874403 894 33711.798 SH Sole 1140.881 32345.487 American New Perspective Fund 648018406 268 10843.811 SH Sole 4387.922 6455.889 Amgen, Inc. COM 031162100 211 3836 SH Sole 3836 Amphenol Corp CL A COM 032095101 5970 146441 SH Sole 59108 87483 Apache Corp COM 037411105 1460 18190 SH Sole 15215 2675 Apple Computer Inc. COM 037833100 11948 31334 SH Sole 17117 14087 Archer Daniels Midland COM 039483102 459 18500 SH Sole 13734 4514 AT&T Inc. COM 00206R102 2832 99286 SH Sole 66490 32616 Automatic Data Processing COM 053015103 548 11630 SH Sole 5630 6000 Baidu, Inc. COM 056752108 456 4268 SH Sole 4268 Bank of America Corporation COM 060505104 149 24284 SH Sole 24184 1000 Barclays Dow Jones UBS Commodi ETF 06738C778 3568 85485 SH Sole 77345 8140 Bed Bath & Beyond, Inc. COM 075896100 818 14275 SH Sole 11850 2425 Blackrock Inc COM 09247X101 1080 7300 SH Sole 6565 635 Bristol Myers Squibb Co COM 110122108 511 16298 SH Sole 14298 2000 Caterpillar Inc. COM 149123101 585 7924 SH Sole 5424 2500 CBOE Holdings, Inc. COM 12503m108 568 23200 SH Sole 22000 1000 CenterPoint Energy, Inc. COM 15189t107 306 15600 SH Sole 15600
Central Fund Canada Cl A ETF 153501101 328 15850 SH Sole 15850 CenturyLink, Inc. COM 156700106 692 20882 SH Sole 20242 640 Chevron Corp COM 166764100 11255 121556 SH Sole 45690 75916 Church & Dwight Company, Inc. COM 171340102 6763 153010 SH Sole 7850 145160 Cisco Systems Inc. COM 17275R102 1097 70775 SH Sole 49175 21600 Clorox Co COM 189054109 303 4562 SH Sole 4562 Coach, Inc. COM 189754104 496 9575 SH Sole 9525 50 Coca Cola Company COM 191216100 6983 103362 SH Sole 17892 85470 Cognizant Technology Solutions COM 192446102 7468 119110 SH Sole 72020 46755 Colgate Palmolive Company COM 194162103 1053 11875 SH Sole 8875 3000 ConocoPhillips COM 20825c104 284 4489 SH Sole 2789 1700 Consolidated Edison, Inc. COM 209115104 447 7838 SH Sole 7838 CSX Corp COM 126408103 243 13038 SH Sole 13038 Cummins Inc. COM 231021106 1531 18750 SH Sole 15700 3050 CVS Caremark Corp COM 126650100 262 7804 SH Sole 1804 6000 Danaher Corporation COM 235851102 3882 92554 SH Sole 52479 39125 Deere & Company COM 244199105 512 7930 SH Sole 5700 2230 Digital Realty Trust, Inc. COM 253868103 226 4100 SH Sole 4100 Dollar Tree Stores, Inc. COM 256746108 9337 124259 SH Sole 30790 93519 Dominion Resources COM 25746U109 614 12086 SH Sole 10186 1900 E I DuPont De Nemours & Co COM 263534109 1266 31667 SH Sole 27517 4000 Ecolab Inc. COM 278865100 5025 102790 SH Sole 85400 16640 Edwards Lifesciences Corp COM 28176E108 1778 24940 SH Sole 21440 3500 EMC Corporation COM 268648102 437 20843 SH Sole 20843 Emerson Electric Co. COM 291011104 1141 27630 SH Sole 27180 300 Exelon Corp COM 30161n101 213 5000 SH Sole 1000 4000 Express Scripts CL A COM 302182100 10131 273281 SH Sole 90266 182415 Exxon Mobil Corp COM 30231G102 15215 209485 SH Sole 77763 130922 F5 Networks Inc. COM 315616102 576 8105 SH Sole 7760 345 Family Dollar Stores, Inc. COM 307000109 1083 21300 SH Sole 1000 20300 FedEx Corp COM 31428x106 815 12035 SH Sole 11560 355 Fiserv Inc. COM 337738108 381 7500 SH Sole 7500 Fortune Brands COM 349631101 3647 67445 SH Sole 23575 43995 Franklin Resources COM 354613101 439 4590 SH Sole 4590 Freeport McMoran Copper & Gold COM 35671D857 343 11275 SH Sole 9900 1375 General Electric Corporation COM 369604103 2838 186482 SH Sole 160267 25315 General Mills Inc. COM 370334104 1584 41154 SH Sole 32954 8000 Genuine Parts Company COM 372460105 3630 71449 SH Sole 7829 63620
Gilead Sciences, Inc. COM 375558103 279 7200 SH Sole 6500 Google Inc Cl A COM 38259P508 1986 3856 SH Sole 2995 821 Grainger WW Inc COM 384802104 740 4950 SH Sole 950 4000 H.J. Heinz Co. COM 423074103 2366 46864 SH Sole 39689 7250 Health Care REIT, Inc. COM 42217k106 325 6945 SH Sole 6445 500 Hewlett Packard Co COM 428236103 460 20510 SH Sole 13510 7000 HMS Holdings Corporation COM 40425J101 887 36375 SH Sole 32625 3750 Honeywell International COM 438516106 6387 145453 SH Sole 56210 89043 HSBC Holdings PLC 8.125% PFD 404280703 211 8200 SH Sole 8200 Illinois Tool Works Inc. COM 452308109 5082 122175 SH Sole 54337 67588 Intel Corporation COM 458140100 1714 80325 SH Sole 12900 67300 IntercontinentalExchange Inc. COM 45865V100 3481 29435 SH Sole 27085 2200 Interiors, Inc. Cl A COM 458688108 0 879655 SH Sole 879655 International Business Machine COM 459200101 13710 78403 SH Sole 17627 60726 Intuit Inc. COM 461202103 361 7600 SH Sole 7600 iShares Barclays 7-10 Year Tre ETF 464287440 1886 17950 SH Sole 17950 iShares Barclays Aggregate Bon ETF 464287226 5146 46733 SH Sole 41558 5075 iShares Barclays US TIPS Fund ETF 464287176 3044 26636 SH Sole 23061 3200 iShares COMEX Gold Trust ETF 464285105 166 10500 SH Sole 10250 250 iShares Dow Jones US Oil Equip COM 464288844 468 10788 SH Sole 10038 750 iShares iBoxx $ Inv Grade Corp ETF 464287242 1387 12350 SH Sole 10100 2250 iShares JPMorgan Emerg Mrkts B ETF 464288281 901 8550 SH Sole 8550 iShares MSCI Canada Index ETF 464286509 4561 178947 SH Sole 36095 142752 iShares MSCI Emerging Markets ETF 464287234 10064 286755 SH Sole 94508 192147 iShares Nasdaq Biotechnology I COM 464287556 2219 23774 SH Sole 21429 2030 iShares Russell Midcap Index F ETF 464287499 687 7790 SH Sole 7790 iShares S&P 500 Index Fund ETF 464287200 404 3551 SH Sole 2751 800 iShares S&P MidCap 400 ETF 464287507 5866 75214 SH Sole 63651 11063 iShares S&P National AMT-Free ETF 464288414 485 4550 SH Sole 4050 500 iShares S&P SmallCap 600 ETF 464287804 6123 104600 SH Sole 93683 10917 iShares Tr Barclays 1-3 Year ETF 464288646 4796 46125 SH Sole 36075 10050 iShares Tr MSCI EAFE Index ETF 464287465 8632 180660 SH Sole 164328 16332 iShares Trust FTSE/Xinhua Chin ETF 464287184 203 6600 SH Sole 6600 Isle of Capri Casinos, Inc. COM 464592104 495 102172 SH Sole 102172 ITC Holdings Corporation COM 465685105 521 6725 SH Sole 6725 J P Morgan Chase & Co COM 46625H100 2845 94457 SH Sole 88712 6020 Jacobs Engineering Group Inc COM 469814107 2837 87853 SH Sole 80428 6650 Johnson & Johnson Co. COM 478160104 6752 106014 SH Sole 26146 79818
Johnson Controls, Inc. COM 478366107 537 20375 SH Sole 20175 JPMorgan Chase & Co Alerian ML ETF 46625H365 2910 85450 SH Sole 80788 4662 Kimberly-Clark Corp COM 494368103 623 8773 SH Sole 6923 1850 Kraft Foods Inc CL A COM 50075N104 2254 67133 SH Sole 51454 15979 Laboratory Corp Amer Hldgs COM 50540R409 5887 74476 SH Sole 3842 70634 Leggett & Platt Inc Com COM 524660107 200 10100 SH Sole 9925 175 Lowes Companies Inc. COM 548661107 422 21800 SH Sole 21700 Manitowoc Company, Inc. COM 563571108 80 11900 SH Sole 11900 Mattel Inc. COM 577081102 260 10050 SH Sole 10050 McDonalds Corp COM 580135101 2406 27397 SH Sole 21024 6973 Medco Health Solutions, Inc. COM 58405u102 645 13745 SH Sole 5589 8156 Medtronic Inc. COM 585055106 259 7800 SH Sole 4800 3000 Merck & Co., Inc. COM 589331107 605 18487 SH Sole 17487 1000 MetLife, Inc. COM 59156R108 1872 66850 SH Sole 63475 2575 Microchip Technology, Inc. COM 595017104 254 8170 SH Sole 7470 700 Microsoft Corp COM 594918104 4757 191129 SH Sole 36076 154053 National Fuel Gas Co COM 636180101 578 11868 SH Sole 38 11830 Nestle SA-Sponsored ADR COM 641069406 224 4064 SH Sole 995 3069 Nextera Energy Inc Com COM 65339F101 926 17150 SH Sole 15050 2200 Nike Inc COM 654106103 954 11162 SH Sole 10887 Northern Trust Corp COM 665859104 669 19114 SH Sole 7574 11440 Novartis AG COM 66987V109 6686 119878 SH Sole 32778 86650 O.T. Mining Corporation COM 671061109 12 30000 SH Sole 30000 Occidental Petroleum Corp COM 674599105 522 7294 SH Sole 7094 Omnicom Group Inc. COM 681919106 2093 56814 SH Sole 51634 5030 Oracle Systems Corporation COM 68389X105 11210 390034 SH Sole 174950 213634 O'Reilly Automotive, Inc. COM 67103H107 7126 106950 SH Sole 34355 72495 Pepsico Inc COM 713448108 11299 182538 SH Sole 67101 115137 Perma-Fix Enviornmental Servic COM 714157104 18 15000 SH Sole 15000 Perrigo Co. COM 714290103 520 5350 SH Sole 5100 250 Pfizer, Inc COM 717081103 1188 67214 SH Sole 42735 24479 Philip Morris International, I COM 718172109 8820 141398 SH Sole 25134 116164 Plum Creek Timber Company, Inc COM 729251108 597 17200 SH Sole 17100 Powershares Golden Dragon Halt ETF 73935X401 992 51335 SH Sole 2380 48955 Praxair Inc COM 74005P104 3169 33896 SH Sole 31106 2490 PrivateBancorp, Inc. COM 742962103 123 16300 SH Sole 16300 Procter & Gamble Co COM 742718109 6206 98228 SH Sole 74593 23350 Progress Energy, Inc. COM 743263105 336 6493 SH Sole 6493
Public Storage COM 74460D109 244 2190 SH Sole 2190 Qualcomm Inc. COM 747525103 5542 113968 SH Sole 94578 18400 Rackspace Hosting, Inc. COM 750086100 213 6225 SH Sole 6225 Rayonier, Inc. COM 754907103 241 6547 SH Sole 6547 Raytheon Co COM 755111507 221 5402 SH Sole 5402 Regeneron Pharmaceuticals, Inc COM 75886f107 1694 29100 SH Sole 700 28400 Republic Services, Inc. COM 760759100 224 8000 SH Sole 8000 Roper Industries Inc New COM 776696106 1444 20960 SH Sole 5760 15200 Royal Dutch Shell PLC ADR CL A COM 780259206 1099 17861 SH Sole 12811 4950 Salesforce Com Inc. COM 79466L302 340 2972 SH Sole 2972 Schlumberger Ltd COM 806857108 3686 61715 SH Sole 57200 4265 Seadrill Ltd. COM 238 8661 SH Sole 6661 2000 Southern Company COM 842587107 476 11236 SH Sole 10686 550 Southwestern Energy Co COM 845467109 330 9910 SH Sole 9910 SPDR Barclays Capital High Yie ETF 78464A417 2113 58375 SH Sole 58275 100 SPDR Financial Select Sector COM 81369Y605 319 27007 SH Sole 27007 SPDR Gold Trust ETF 78463V107 8261 52263 SH Sole 15748 36515 SPDR S&P 500 ETF Trust ETF 78462F103 4979 44000 SH Sole 38940 5060 SPDR S&P China ETF ETF 78463x400 2393 42875 SH Sole 2678 40147 SPDR S&P International SmallCa ETF 78463X871 683 27200 SH Sole 23575 3625 SPDR S&P Midcap 400 ETF TR ETF 78467Y107 3347 23551 SH Sole 23551 St. Jude Medical COM 790849103 1496 41330 SH Sole 36305 4825 Starbucks Corp COM 855244109 2434 65281 SH Sole 63751 1485 Stericycle Inc. COM 858912108 3288 40729 SH Sole 37419 3250 Stryker Corporation COM 863667101 946 20075 SH Sole 11975 8000 Sysco Corporation COM 871829107 1518 58614 SH Sole 39989 18625 Target Corp COM 87612E106 2551 52019 SH Sole 46919 4700 Teva Pharmaceutical Inds Ltd A COM 881624209 2911 78219 SH Sole 61469 16450 Texas Instruments Inc. COM 882508104 380 14250 SH Sole 14050 Thermo Fisher Scientific, Inc. COM 883556102 3450 68128 SH Sole 58178 9300 TJX Companies (New) COM 872540109 1435 25875 SH Sole 23150 2725 U.S. Rare Earth Minerals Inc. COM 903410108 2 30000 SH Sole 30000 Union Pacific Corp COM 907818108 6502 79612 SH Sole 32267 47270 United Technologies Corp COM 913017109 6361 90401 SH Sole 31711 58690 UnitedHealth Group, Inc. COM 91324p102 4834 104807 SH Sole 31087 73720 US Bancorp Del New COM 902973304 358 15203 SH Sole 15203 Vanguard 500 Index Fund Signal 922908496 209 2426.406 SH Sole 2426.406 Vanguard FTSE All-World Ex-US ETF 922042775 6769 174828 SH Sole 149888 23040
Vanguard REIT ETF 922908553 506 9950 SH Sole 9950 Vanguard Total Bond Market Fun ETF 921937835 2660 31761 SH Sole 15760 15901 Vanguard Total Stock Market In 922908488 230 8503.241 SH Sole 8503.241 Vanguard Total Stock Market VI ETF 922908769 2279 39489 SH Sole 38989 500 Vectren Corporation COM 92240g101 743 27425 SH Sole 27225 Verizon Communications COM 92343V104 986 26805 SH Sole 16681 10124 Videorec Technologies-Private COM 926990656 0 18438 SH Sole 18438 Visa Inc. COM 92826C839 814 9500 SH Sole 5500 4000 Vodafone Group PLC New COM 92857w209 1645 64090 SH Sole 28160 35750 Walgreen Co. COM 931422109 6128 186310 SH Sole 58403 126407 Walt Disney Co. COM 254687106 510 16915 SH Sole 11115 5800 Waste Management, Inc COM 94106L109 307 9416 SH Sole 8428 988 Watson Pharmaceuticals Inc. COM 942683103 495 7250 SH Sole 7250 Wells Fargo & Co. COM 949746101 2238 92790 SH Sole 82490 10450 Windstream Corp COM 97381W104 101 8700 SH Sole 7500 1200 REPORT SUMMARY 195 DATA RECORDS 456406 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED