0001310480-12-000001.txt : 20120214 0001310480-12-000001.hdr.sgml : 20120214 20120214092728 ACCESSION NUMBER: 0001310480-12-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 EFFECTIVENESS DATE: 20120214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Somerset Asset Management LLC CENTRAL INDEX KEY: 0001310480 IRS NUMBER: 411966252 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11104 FILM NUMBER: 12603019 BUSINESS ADDRESS: STREET 1: 90 SOUTH SEVENTH STREET STREET 2: SUITE 4300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 612-317-2199 MAIL ADDRESS: STREET 1: 90 SOUTH SEVENTH STREET STREET 2: SUITE 4300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 13F-HR 1 sam4q2011.txt SOMERSET ASSET MANAGEMENT LLC 13F 4Q2011 FILING 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, 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: Somerset Asset Management LLC Address: 90 South Seventh Street, Suite 4300 Minneapolis, MN 55402 13F File Number: 28-11104 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: M. Bret Rekas Title: Chief Operating Officer Phone: (612) 317-2143 Signature, Place and Date of Signing: _/s/M. Bret Rekas______ Minneapolis, Minnesota, Date: February 14, 2012 M. Bret Rekas 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 EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None Form 13F Information Table Entry Total: 359 Form 13F Information Table Value Total: $ 164,950 (in thousands) List of Other Included Managers: None 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 -------------------------------- -------------- --------- -------- --------- --- ---- ------- --------- -------- -------- --------- CALL ON USB 3/17/12 @ 27. COM 5SN99W647W (30) 20,000 CALL SOLE 20,000 CALL ON WFC 4/21/12 @ 27. COM 2SR991545W (4,980) 20,000 CALL SOLE 20,000 3M Company-MMM COM 88579Y101 16,416 200,862 SH SOLE 200,862 Abbott Laboratories-ABT COM 2824100 342 6,081 SH SOLE 6,081 Acacia Resh Acacia Tech-ACTG COM 3881307 404 11,054 SH SOLE 11,054 Adfitech Inc-ADFT COM 00687B105 15 5,000 SH SOLE 5,000 Aegean Marine Petro Incf-ANW COM Y0017S102 8 2,000 SH SOLE 2,000 Alcatel Lucent Adr-ALU COM 13904305 0 30 SH SOLE 30 ALERIAN MLP ETF-AMLP COM 00162Q866 2,329 140,126 SH SOLE 140,126 Allegro Biodiesel Corp-ABDS COM 17486101 0 100 SH SOLE 100 Allete Inc New-ALE COM 18522300 3 66 SH SOLE 66 Allscripts Misys Health-MDRX COM 01988P108 346 18,280 SH SOLE 18,280 ALTISOURCE PORTFOLIO SOL-ASPS COM L0175J104 10 200 SH SOLE 200 Altria Group Inc-MO COM 02209S103 44 1,500 SH SOLE 1,500 "Amazon.com, Inc.-AMZN COM 23135106 234 1,350 SH SOLE 1,350 Amer Electric Pwr Co Inc-AEP COM 25537101 241 5,831 SH SOLE 5,831 American Cap Agy Corp-AGNC COM 02503X105 7 250 SH SOLE 250 American Intl Group I-AIG/WS COM 26874156 0 23 SH SOLE 23 American Intl Group New-AIG COM 26874784 1 45 SH SOLE 45 AmerisourceBergen-ABC COM 3.07E+108 149 4,000 SH SOLE 4,000 Amerityre Corporation-AMTY COM 03073V107 0 1,000 SH SOLE 1,000 Amern Campus Communities-ACC COM 24835100 593 14,127 SH SOLE 14,127 ANGEION CORPORATION-ANGN COM 03462H404 10 2,000 SH SOLE 2,000 Annaly Capital Mgmt-NLY COM 35710409 253 15,845 SH SOLE 15,845 Apache Corp-APA COM 37411105 18 200 SH SOLE 200 Apple Inc.-AAPL COM 37833100 3,325 8,210 SH SOLE 8,210 Arch Coal Inc-ACI COM 39380100 200 13,780 SH SOLE 13,780 Archer-Daniels-Midlnd Co-ADM COM 39483102 14 500 SH SOLE 500 ARM HLDGS PLC A D R-ARMH COM 42068106 11 400 SH SOLE 400 Aruba Networks Inc-ARUN COM 43176106 555 29,976 SH SOLE 29,976 Ashland Inc New-ASH COM 44209104 0 2 SH SOLE 2 AT&T Inc.-T COM 00206R102 62 2,048 SH SOLE 2,048 Auto Data Processing-ADP COM 53015103 948 17,550 SH SOLE 17,550 Avon Prods Inc-AVP COM 54303102 0 10 SH SOLE 10 Baidu Inc-BIDU COM 56752108 6 50 SH SOLE 50 Bank Of America Corp-BAC COM 60505104 40 7,236 SH SOLE 7,236 Bemis Company-BMS COM 81437105 82 2,740 SH SOLE 2,740 Berkshire Hathaway B New-BRKB COM 84670702 168 2,200 SH SOLE 2,200 Berkshire Htwy B-BRK.B COM 84990175 28 365 SH SOLE 365 Best Buy Inc-BBY COM 86516101 7 300 SH SOLE 300 Boston Scientific Corp-BSX COM 101137107 138 25,831 SH SOLE 25,831 BP Plc Spons A D R-BP COM 55622104 1 30 SH SOLE 30 BP Prudhoe Bay Rty T UBI-BPT COM 55630107 9 75 SH SOLE 75 Bristol-Myers Squibb Co-BMY COM 110122108 24 680 SH SOLE 680 Broadcom Corporation-BRCM COM 111320107 40 1,370 SH SOLE 1,370 BUCKEYE PARTNERS-BPL COM 118230101 139 2,174 SH SOLE 2,174 C.H. Robinson Worldwide-CHRW COM 12541W209 23,444 335,977 SH SOLE 335,977 Capital One Financial Cp-COF COM 14040H105 577 13,647 SH SOLE 13,647 Carnival Corp New-CCL COM 143658300 3 100 SH SOLE 100 Caterpillar Inc-CAT COM 149123101 481 5,308 SH SOLE 5,308 Centurylink Inc-CTL COM 156700106 558 15,009 SH SOLE 15,009 Cerner Corporation-CERN COM 156782104 11 174 SH SOLE 174 Chevron Corporation-CVX COM 166764100 1,306 12,277 SH SOLE 12,277 Chipotle Mexican Grill-CMG COM 169656105 14 41 SH SOLE 41 Cisco Systems-CSCO COM 17275R102 57 3,179 SH SOLE 3,179 Citadel Broadcasting Cp-CTDBQ COM 17285T106 0 13 SH SOLE 13 Citigroup Inc-C COM 172967101 3 110 SH SOLE 110 Coca Cola Company-KO COM 191216100 176 2,518 SH SOLE 2,518 Colgate-Palmolive Co-CL COM 194162103 86 931 SH SOLE 931 Columbia Seligman Comm &-SLMCX COM 19766H429 14 349 SH SOLE 349 Commercial Vehicle Group-CVGI COM 202608105 72 8,000 SH SOLE 8,000 Comparator Sys Corp-IDID COM 20449420 0 15,000 SH SOLE 15,000 Conocophillips-COP COM 20825C104 480 6,589 SH SOLE 6,589 Copano Energy LLC-CPNO COM 217202100 15 425 SH SOLE 425 Corning Incorporated-GLW COM 219350105 18 1,350 SH SOLE 1,350 COSTCO WHSL CORP-COST COM 22160K105 333 4,000 SH SOLE 4,000 Crown Castle Intl Corp-CCI COM 228227104 3 63 SH SOLE 63 Cutera Inc-CUTR COM 232109108 22 3,000 SH SOLE 3,000 CYBERONICS INC-CYBX COM 23251P102 3 100 SH SOLE 100 Danaher Corp Del-DHR COM 235851102 23 492 SH SOLE 492 Davis Ny Venture Fd Cl B-NYVBX COM 239080203 17 539 SH SOLE 539 Deere & Co-DE COM 244199105 1,859 24,039 SH SOLE 24,039 Dell Inc.-DELL COM 24702R101 15 1,000 SH SOLE 1,000 Dendreon Corp-DNDN COM 24823Q107 15 2,000 SH SOLE 2,000 Digital Realty TRUST Inc-DLR COM 253868103 16 235 SH SOLE 235 Digital River Inc-DRIV COM 25388B104 679 45,193 SH SOLE 45,193 Dominion Resources-D COM 25746U109 1,725 32,494 SH SOLE 32,494 Dow Chemical Company-DOW COM 260543103 101 3,500 SH SOLE 3,500 DTE Energy Company-DTE COM 233331107 11 195 SH SOLE 195 Duke Energy Corp New-DUK COM 26441C105 33 1,500 SH SOLE 1,500 Eaton Vance Fl Rt In Tr-EFT COM 278279104 46 3,200 SH SOLE 3,200 Eaton Vance Tax Managed-ETY COM 27828N102 139 15,650 SH SOLE 15,650 EMC Corp Mass-EMC COM 268648102 213 9,895 SH SOLE 9,895 Emerson Electric Co-EMR COM 291011104 621 13,323 SH SOLE 13,323 Enbridge Energy Partners-EEP COM 29250R106 35 1,050 SH SOLE 1,050 Energy Transfer Partners-ETP COM 29273R109 341 7,435 SH SOLE 7,435 ENSCO PLC ADR-ESV COM 29358Q109 316 6,743 SH SOLE 6,743 Entergy Transfer Equity-ETE COM 29273V100 444 10,940 SH SOLE 10,940 Enterprise Prdts Prtn Lp-EPD COM 293792107 9 200 SH SOLE 200 Evercore Partners Inc A-EVR COM 29977A105 16 600 SH SOLE 600 Exelon Corporation-EXC COM 30161N101 8 176 SH SOLE 176 Exxon Mobil Corporation-XOM COM 30231G102 1,949 22,995 SH SOLE 22,995 F5 NETWORKS INC-FFIV COM 315616102 11 100 SH SOLE 100 Ferro Corp-FOE COM 315405100 10 2,000 SH SOLE 2,000 FIRST NIAGARA FINANCIAL GRP-FNFG COM 4 500 SH SOLE 500 First Tr Dj Internet Fd-FDN COM 3.37E+306 239 7,412 SH SOLE 7,412 First Tr Exch Traded Fd-FNX COM 33735B108 39 1,200 SH SOLE 1,200 First Tr Ise Cloud Comp-SKYY COM 33737X192 8 480 SH SOLE 480 First TRUST Ise Nat Gas-FCG COM 33734J102 16 855 SH SOLE 855 Ford Motor Company-F COM 345370860 1,692 157,295 SH SOLE 157,295 Forestar Group Inc.-FOR COM 346233109 83 5,500 SH SOLE 5,500 Freeport Mcmoran Copper-FCX COM 35671D857 174 4,736 SH SOLE 4,736 Frontier Communication Corp.-FTR COM 35906A108 1 168 SH SOLE 168 G & K Svcs Inc Cl A-GKSR COM 361268105 26 900 SH SOLE 900 Gaylord Entmt Co New-GET COM 367905106 24 1,000 SH SOLE 1,000 General Electric-GE COM 369604103 323 18,059 SH SOLE 18,059 General Mills-GIS COM 370334104 315 7,800 SH SOLE 7,800 GENERAL MOTORS CORPORATION-GM COM 37045V100 4 198 SH SOLE 198 GENETIC TECHNOLOGIES LIMI-GENE COM 37185R109 2 500 SH SOLE 500 Genmark Diagnostics Inc-GNMK COM 372309104 12 3,000 SH SOLE 3,000 Google Inc.-GOOG COM 38259P508 1,722 2,666 SH SOLE 2,666 Graco Incorporated-GGG COM 384109104 677 16,553 SH SOLE 16,553 Hansen Medical Inc-HNSN COM 411307101 0 7 SH SOLE 7 Harley Davidson Inc-HOG COM 412822108 44 1,142 SH SOLE 1,142 Hertz Global Hldgs Inc-HTZ COM 42805T105 11 950 SH SOLE 950 HMS Holdings Corp-HMSY COM 40425J101 1,718 53,723 SH SOLE 53,723 Honeywell International-HON COM 438516106 323 5,940 SH SOLE 5,940 HSBC Hldgs Plc Adr New-HBC COM 404280406 0 1 SH SOLE 1 Hydrogenics Corp New-HYGS COM 448883207 1 120 SH SOLE 120 INCYTE CORP-INCY COM 45337C102 3 200 SH SOLE 200 Inergy-NRGY COM 456615103 230 9,430 SH SOLE 9,430 Infosys Ltd Spon Adr-INFY COM 456788108 5 105 SH SOLE 105 Innodata Isogen Inc-INOD COM 457642205 1 350 SH SOLE 350 Insignia Systems Inc-ISIG COM 45765Y105 32 16,000 SH SOLE 16,000 Intel Corp-INTC COM 458140100 96 3,940 SH SOLE 3,940 Intl Business Machine-IBM COM 459200101 2,547 13,852 SH SOLE 13,852 International Textile GRO-ITXN COM 46048V10 0 1,257 SH SOLE 1,257 Intuitive Surgical New-ISRG COM 46120E602 1,970 4,254 SH SOLE 4,254 Invesco Constellation Fd-CSTSZ COM 1413202 6 261 SH SOLE 261 Invesco Van Kampen-ACSWX COM 00143M695 12 800 SH SOLE 800 ISHARES DJ US MED DEVICES-IHI COM 464288810 41 700 SH SOLE 700 iShares Dow Jones US Aerospa-ITA COM 464288760 2 27 SH SOLE 27 iShares Dow Jones US Technol-IYW COM 464287721 78 1,223 SH SOLE 1,223 Ishares Msci Pac Ex Japn-EPP COM 464286665 10 250 SH SOLE 250 iShares S&P Global Mat Secto-MXI COM 464288695 31 545 SH SOLE 545 iShares S&P NA Nat Re Sc Id-IGE COM 464287374 79 2,079 SH SOLE 2,079 iShares S&P NA Tech Sec Idx-IGM COM 464287549 238 4,000 SH SOLE 4,000 Ishares Tr Dj US Hlthcar-IYH COM 464287762 12 170 SH SOLE 170 Ishares Tr Dj US Indl-IYJ COM 464287754 17 275 SH SOLE 275 Janus Capital Group Inc-JNS COM 47102X105 160 25,320 SH SOLE 25,320 Johnson & Johnson-JNJ COM 478160104 846 12,896 SH SOLE 12,896 JPMorgan Alerian MLP Idx ETN-AMJ COM 46625H365 4,655 119,451 SH SOLE 119,451 JPMorgan Chase & Co.-JPM COM 46625H100 88 2,650 SH SOLE 2,650 Kayne Anderson Mlp Investmen-KYN COM 486606106 14 471 SH SOLE 471 Kimco Realty Corp-KIM COM 49446R109 0 12 SH SOLE 12 Kohls Corp-KSS COM 500255104 178 3,600 SH SOLE 3,600 Kraft Foods Inc-KFT COM 50075N104 17 460 SH SOLE 460 Lifetime Fitness-LTM COM 53217R207 144 3,070 SH SOLE 3,070 LSI Corporation-LSI COM 502161102 0 8 SH SOLE 8 Lululemon Athletica Inc-LULU COM 550021109 2,173 46,564 SH SOLE 46,564 Lyris Corp-LYRI COM 55235L104 0 54 SH SOLE 54 MAJESCO ENTERTAINMENT COM-COOL COM 560690208 49 20,000 SH SOLE 20,000 Marina Biotech Inc New-MRNAD COM 56804Q201 0 25 SH SOLE 25 Mattson Technology-MTSN COM 577223100 0 300 SH SOLE 300 McDonalds Corporation-MCD COM 580135101 1,706 17,005 SH SOLE 17,005 Medco Health Solutions In-MHS COM 58405U102 18 326 SH SOLE 326 Medtronic Inc-MDT COM 585055106 325 8,490 SH SOLE 8,490 Merck & Co Inc New-MRK COM 58933Y105 16 413 SH SOLE 413 Meritor Inc-MTOR COM 59001K100 11 2,000 SH SOLE 2,000 Micro Component Technolog-MCTIQ COM 59479Q10 0 7,000 SH SOLE 7,000 Modine Manufacturing Co-MOD COM 607828100 28 3,000 SH SOLE 3,000 Moneygram Intl Inc-MGI COM 60935Y109 8 473 SH SOLE 473 Moodys Corp-MCO COM 61536910 20 604 SH SOLE 604 Mosaic Company-MOS COM 61945A107 551 10,918 SH SOLE 10,918 NextEra Energy Inc-NEE COM 65339F101 1,156 18,996 SH SOLE 18,996 NII Holdings Inc New-NIHD COM 62913F201 532 24,970 SH SOLE 24,970 Nokia Corporation-NOK COM 654902204 1 200 SH SOLE 200 North Amer Expl Corp New-NAMX COM 65685520 0 61 SH SOLE 61 Northern Tr Corp-NTRS COM 665859104 337 8,500 SH SOLE 8,500 NRG Energy Inc-NRG COM 62937750 24 1,312 SH SOLE 1,312 NuStar GP Holdings-NSH COM 67059L10 118 3,550 SH SOLE 3,550 Nyse Euronext N V-NYX COM 629491101 20 750 SH SOLE 750 Oil Service Hldrs-OIH COM 678002106 23 200 SH SOLE 200 Oncothyreon Inc-ONTY COM 682324108 15 2,000 SH SOLE 2,000 Oppenheimer Discovery A-OPOCX COM 683921100 5 87 SH SOLE 87 Oracle Corporation-ORCL COM 68389X105 2,567 100,078 SH SOLE 100,078 Partner Re LTD-PRE COM G6852T10 10 400 SH SOLE 400 Pepsico-PEP COM 713448108 1,121 16,892 SH SOLE 16,892 Perrigo Co-PRGO COM 714290103 2,184 22,442 SH SOLE 22,442 Pfizer Incorporated-PFE COM 717081103 91 4,200 SH SOLE 4,200 Pinnacle West Capital Cp-PNW COM 723484101 14 296 SH SOLE 296 Plum Creek Timber Co Inc-PCL COM 729251108 8 230 SH SOLE 230 Potlatch Corporation New-PCH COM 737630103 94 3,015 SH SOLE 3,015 PowerShares Dynamic Energy E-PXE COM 73935X658 84 3,725 SH SOLE 3,725 PowerShares Dynamic Energy S-PXI COM 73935X385 27 715 SH SOLE 715 PowerShares Dynamic Oil & Ga-PXJ COM 73935X625 1 50 SH SOLE 50 Powerwave Tech Inc-PWAV COM 739363109 2 880 SH SOLE 880 Praxair Inc.-PX COM 74005P104 4 40 SH SOLE 40 Procter & Gamble Company-PG COM 742718109 2,373 35,567 SH SOLE 35,567 Prudential Financial Inc-PRU COM 744320102 4 85 SH SOLE 85 Prudential Jennison-PEEAX COM 74441C105 4 155 SH SOLE 155 Prudential Large Cap-PTMAX COM 74441J100 10 875 SH SOLE 875 Prudential Small Cap-PZVCZ COM 74440V708 9 695 SH SOLE 695 Purple Beverage Co Inc-PPBV COM 746387109 0 6,000 SH SOLE 6,000 Putnam Small Cap Value-PSLAX COM 746802610 6 581 SH SOLE 581 Putnam Voyager B-PVOBX COM 747012201 11 645 SH SOLE 645 Quest Diagnostic Inc-DGX COM 74834L100 19 326 SH SOLE 326 Raytheon Company-RTN COM 755111507 17 350 SH SOLE 350 RIVERBED TECHNOLOGY INC-RVBD COM 768573107 2 100 SH SOLE 100 ROSETTA RESOURCES INC-ROSE COM 777779307 7 150 SH SOLE 150 Salesforce Com-CRM COM 79466L302 1,822 17,962 SH SOLE 17,962 Sandisk Corp-SNDK COM 80004C101 74 1,500 SH SOLE 1,500 Sanmina SCI Corporation-SANM COM 800907206 197 21,202 SH SOLE 21,202 Sanofi Aventis Adr-SNY COM 80105N105 960 26,262 SH SOLE 26,262 Schlumberger Limited-SLB COM 806857108 156 2,289 SH SOLE 2,289 Sector Spdr Fincl Select-XLF COM 81369Y605 4 275 SH SOLE 275 Sector Spdr Indl Select-XLI COM 81369Y704 21 625 SH SOLE 625 SILVER WHEATON CORP-SLW COM 828336107 14 500 SH SOLE 500 Simon Property Group Inc-SPG COM 828806109 130 1,012 SH SOLE 1,012 SMTC Corporation New-SMTX COM 832682207 11 3,973 SH SOLE 3,973 Southern Company (The)-SO COM 84258710 1 11 SH SOLE 11 SOUTHERN COPPER CORP DEL-SCCO COM 84265V105 604 20,004 SH SOLE 20,004 Southwest Airlines Co-LUV COM 844741108 9 1,097 SH SOLE 1,097 SPDR Consumer Staples Slct S-XLP COM 81369Y308 97 2,996 SH SOLE 2,996 Spdr Dow Jones Reit-RWR COM 78464A607 15 232 SH SOLE 232 SPDR Energy Select Sector-XLE COM 81369Y506 607 8,779 SH SOLE 8,779 SPDR Health Fund-XLV COM 81369Y209 82 2,365 SH SOLE 2,365 SPDR Materials-XLB COM 81369Y100 35 1,040 SH SOLE 1,040 SPDR S&P Retail Etf-XRT COM 78464A714 244 4,639 SH SOLE 4,639 SPDR S&P Semiconductor-XSD COM 78464A862 2 35 SH SOLE 35 SPDR Utilities-XLU COM 81369Y886 323 8,980 SH SOLE 8,980 Spectrascience Inc New-SCIE COM 8.48E+305 0 3,000 SH SOLE 3,000 SPRINT NEXTEL COMPANY-S COM 852061100 4 1,536 SH SOLE 1,536 St Jude Medical Inc-STJ COM 790849103 838 24,438 SH SOLE 24,438 Starwood Hotels & Resorts-HOT COM 85590A40 2 50 SH SOLE 50 Stericycle Inc-SRCL COM 85891210 19 250 SH SOLE 250 Stryker Corporation-SYK COM 86366710 146 2,934 SH SOLE 2,934 Supervalu Inc-SVU COM 868536103 6 750 SH SOLE 750 Symantec Corp-SYMC COM 871503108 8 500 SH SOLE 500 Sysco Corporation-SYY COM 87182910 13 450 SH SOLE 450 Targa Resources Ptnr Lp-NGLS COM 87611X105 58 1,565 SH SOLE 1,565 Target Corporation-TGT COM 8.76E+110 1,077 21,025 SH SOLE 21,025 TCF Financial Corp-TCB COM 872275102 115 11,153 SH SOLE 11,153 Techne Corp Common-TECH COM 878377100 3 50 SH SOLE 50 TELEFONICA SPON ADR FSPONSOR-TEF COM 879382208 583 33,931 SH SOLE 33,931 Texas Instruments Inc-TXN COM 882508104 300 10,300 SH SOLE 10,300 Thermogenesis Cp Com New-KOOL COM 88362320 32 44,516 SH SOLE 44,516 Total SA ADR-TOT COM 8.92E+113 77 1,500 SH SOLE 1,500 Travelers Companies Inc-TRV COM 8.94E+113 2,393 40,435 SH SOLE 40,435 TRINITY BIOTECH PLC SPON-TRIB COM 896438306 3 250 SH SOLE 250 U.S. Bancorp-USB COM 902973304 9,663 357,243 SH SOLE 357,243 Under Armour Inc Cl A-UA COM 90431110 17 240 SH SOLE 240 Underground Sltns Inc-UGSI COM 904323102 36 260,263 SH SOLE 260,263 Unilever Plc Adr New-UL COM 904767704 75 2,240 SH SOLE 2,240 Union Pacific Corp-UNP COM 907818108 2,018 19,050 SH SOLE 19,050 United Technologies Corp-UTX COM 91301710 24 335 SH SOLE 335 Unitedhealth Group Incorpora-UNH COM 91324P10 37 730 SH SOLE 730 Uroplasty Inc New-UPI COM 917277204 2 498 SH SOLE 498 Vanguard REIT ETF-VNQ COM 922908553 2,839 48,945 SH SOLE 48,945 Varian Medical Systems-VAR COM 92220P105 651 9,692 SH SOLE 9,692 Ventas Inc-VTR COM 92276F100 3,152 57,182 SH SOLE 57,182 Verizon Communications-VZ COM 92343V104 50 1,252 SH SOLE 1,252 VF Corporation-VFC COM 918204108 21 163 SH SOLE 163 VMware, Inc-VMW COM 928563402 126 1,514 SH SOLE 1,514 Vodafone Group New Adr-VOD COM 92857W209 25 875 SH SOLE 875 VOYAGER OIL GAS INC-VOG COM 92911K100 24 9,500 SH SOLE 9,500 Wabash National Corp-WNC COM 929566107 78 10,000 SH SOLE 10,000 Wal-Mart Stores-WMT COM 931142103 41 685 SH SOLE 685 Watsco Inc-WSO COM 942622200 23 350 SH SOLE 350 Wells Fargo & Co New-WFC COM 949746101 2,520 91,448 SH SOLE 91,448 Weyerhaeuser Co-WY COM 96216610 2,075 111,161 SH SOLE 111,161 Whirlpool Corp-WHR COM 96332010 62 1,300 SH SOLE 1,300 WHOLE FOODS MKT INC-WFM COM 966837106 2,202 31,645 SH SOLE 31,645 Williams Companies-WMB COM 969457100 23 700 SH SOLE 700 Williams Partners L.P.-WPZ COM 96950F104 355 5,925 SH SOLE 5,925 Wisconsin Energy Corporation-WEC COM 976657106 9 252 SH SOLE 252 Xcel Energy Inc-XEL COM 98389B100 40 1,439 SH SOLE 1,439 Zimmer Holdings Inc-ZMH COM 98956P102 21 400 SH SOLE 400 FIRST MAJESTIC SILVER COR-AG ETF 32076V103 17 1,000 SH SOLE 1,000 First Tr Valu Line Divid-FVD ETF 33734H106 160 10,010 SH SOLE 10,010 iShares Dow Jones Select Div-DVY ETF 464287168 107 1,985 SH SOLE 1,985 iShares MSCI Brazil Index Fd-EWZ ETF 4642864000 14 240 SH SOLE 240 iShares MSCI Canada Index Fd-EWC ETF 464286509 35 1,300 SH SOLE 1,300 iShares MSCI EAFE Growth Idx-EFG ETF 464288885 1 10 SH SOLE 10 iShares MSCI EAFE Index Fund-EFA ETF 464287465 62 1,250 SH SOLE 1,250 iShares MSCI Emerging Market-EEM ETF 464287234 167 4,394 SH SOLE 4,394 iShares Russell 1000 Growth-IWF ETF 464287614 88 1,530 SH SOLE 1,530 iShares Russell 1000 Index-IWB ETF 464287622 175 2,527 SH SOLE 2,527 iShares Russell 1000 Value I-IWD ETF 464287598 13 200 SH SOLE 200 iShares S&P 100 Index-OEF ETF 464287101 11 200 SH SOLE 200 iShares S&P 500 Growth-IVW ETF 464287309 49 732 SH SOLE 732 iShares S&P Global 100 Index-IOO ETF 464287572 24 420 SH SOLE 420 Ishares S&P Gsci Cmdty-GSG ETF 46428R107 33 1,000 SH SOLE 1,000 iShares S&P Latin America 40-ILF ETF 464287390 18 422 SH SOLE 422 iShares S&P Mid Cap 400 Grow-IJK ETF 464287606 648 6,565 SH SOLE 6,565 iShares S&P SmallCap 600 Idx-IJR ETF 464287804 102 1,500 SH SOLE 1,500 iShares S&P US Pfd Stk Index-PFF ETF 464288687 871 24,442 SH SOLE 24,442 ISHARES SILVER TRUST-SLV ETF 899 33,371 SH SOLE 33,371 Level 3 Communications-LVLT ETF 52729N100 14 852 SH SOLE 852 Market Vectors Agribusiness-MOO ETF 57060U605 12 265 SH SOLE 265 NASDAQ 100 INDEX TRACKING ST-QQQ ETF 73935A104 1,363 24,409 SH SOLE 24,409 PIMCO Commodity Real Ret S-PCRAX ETF 722005584 0 10 SH SOLE 10 PowerShares DB Agriculture F-DBA ETF 73936B408 1,173 40,625 SH SOLE 40,625 PowerShares DB Com Indx Trkg-DBC ETF 73935S10 48 1,780 SH SOLE 1,780 PowerShares DWA Technical Ld-PDP ETF 73935X153 29 1,199 SH SOLE 1,199 PowerShares Dynamic Mid Cap-PWJ ETF 73935X807 66 3,243 SH SOLE 3,243 PowerShares Dynamic Software-PSJ ETF 73935X773 2 65 SH SOLE 65 PowerShares High Yld Dividen-PEY ETF 73935X302 0 3 SH SOLE 3 Rydex ETF Trust-RSP ETF 78355W106 1,713 37,007 SH SOLE 37,007 Sanofi 20rtsf-GCVRZ ETF 80105N113 0 200 SH SOLE 200 SILVER STD RES INC-SSRI ETF 82823L106 14 1,000 SH SOLE 1,000 SPDR Gold Trust-GLD ETF 78463V107 5,073 33,377 SH SOLE 33,377 SPDR S&P 500 ETF TR-SPY ETF 78462F103 103 820 SH SOLE 820 United States Oil Fund-USO ETF 91232N108 50 1,300 SH SOLE 1,300 Vanguard Mid-Cap ETF-VO ETF 92290862 0 5 SH SOLE 5 Vanguard Small Cap-VB ETF 922908751 423 6,076 SH SOLE 6,076 Vanguard Total Stock Mkt-VTI ETF 922908769 10 162 SH SOLE 162 WISDOM TREE DIV EX-DTN ETF 97717W406 22 420 SH SOLE 420 BlackRock Credit Alln Inc Tr-PSW ETF 09255J101 30 3,227 SH SOLE 3,227 BlackRock Muni Intermediate-MUI ETF 09253X102 250 16,325 SH SOLE 16,325 EATON VANCE NATL MUN OPPORT-EOT ETF 48 2,298 SH SOLE 2,298 ISHARE BARLCYS 20+ YR-TLT ETF 464287432 2,712 22,364 SH SOLE 22,364 iShares Barclays 1-3 Year Cr-CSJ ETF 464288646 302 2,900 SH SOLE 2,900 iShares Barclays 7-10 Yr Tre-IEF ETF 464287440 25 235 SH SOLE 235 iShares Barclays Aggregate B-AGG ETF 464287226 36 325 SH SOLE 325 iShares Barclays Intermed Cr-CIU ETF 464288638 314 2,930 SH SOLE 2,930 iShares Barclays MBS Bond-MBB ETF 464288588 11 100 SH SOLE 100 iShares IBoxx $ Invest Grade-LQD ETF 464287242 593 5,211 SH SOLE 5,211 iShares Iboxx$ High Yield-HYG ETF 464288513 129 1,440 SH SOLE 1,440 iShares Trust Barclays Tips-TIP ETF 464287176 8,340 71,475 SH SOLE 71,475 MARKET VECTORS HIGH YIELD MU-HYD ETF 358 12,000 SH SOLE 12,000 PIMCO 15 YR US TIPS INDX-LTPZ ETF 72201R304 522 8,007 SH SOLE 8,007 PIMCO ENHANCED SHORT MATU-MINT ETF 72201R833 84 840 SH SOLE 840 Powershares Insured National-PZA ETF 153 6,265 SH SOLE 6,265 SPDR Barclays Capital-JNK ETF 78464A417 3,389 88,153 SH SOLE 88,153 Vanguard Total Bond Mkt-BND ETF 921937835 343 4,100 SH SOLE 4,100 Aegon N V 6.5000%-AED PFD 7924400 457 23,070 SH SOLE 23,070 Aegon N V Cap 6.3750-AEH PFD 7924301 44 2,250 SH SOLE 2,250 Allianz SE-AZSEY PFD 18805200 46 1,800 SH SOLE 1,800 Bank of Amer Corp 8.2000%-BAC.Z PFD 05518T209 598 32,375 SH SOLE 32,375 Bank of Amer Corp 8.6250%-BML.Q PFD 60505559 439 20,000 SH SOLE 20,000 Bank of America Co 0.0000%-BML.H PFD 60505625 11 800 SH SOLE 800 Barclays Bank Plc 7.1000%-BCS.A PFD 06739H776 178 9,000 SH SOLE 9,000 Countrywide IV(BAC)6.7500%-CFC.A PFD 2.22E+210 30 1,500 SH SOLE 1,500 Credit Suisse-CRP PFD 225448208 10 400 SH SOLE 400 FPL Group CapI(NEE)5.8750%-NEE.C PFD 30257V207 15 600 SH SOLE 600 General Elec Cap 6.4500%-GER PFD 369622477 52 2,000 SH SOLE 2,000 Goldman Sachs GP 6.2000%-GS.B PFD 38144X500 239 9,964 SH SOLE 9,964 GOLDMAN SACHS GROUP INC DEP-GS1B PFD 30 1,250 SH SOLE 1,250 ING Groep NV-ISG PFD 456837509 147 9,025 SH SOLE 9,025 ING Group NV-INZ PFD 456837301 44 2,350 SH SOLE 2,350 ING Group NV 7.0500%-IND PFD 456837202 14 750 SH SOLE 750 JP Morgan Chase 7.0000%-JPM.J PFD 46623D200 64 2,515 SH SOLE 2,515 JPMorgan Chase 8.6250%-JPM.I PFD 46625H621 41 1,500 SH SOLE 1,500 Kimco Realty 6.6500%-KIM.F PFD 49446R869 28 1,100 SH SOLE 1,100 Merrill Lynch Cap-MER.D PFD 59021F206 12 593 SH SOLE 593 Merrill Lynch Depositor I PP-PYS PFD 73941X593 11 600 SH SOLE 600 Merrill Lynch Pfd Cap Tr-MER+PD PFD 59021F206 4 200 SH SOLE 200 MS Cap Trust VI-MSJ PFD 617461207 226 10,400 SH SOLE 10,400 PLC Cap Tr III 7.5000%-PL+S PFD 69340M204 19 734 SH SOLE 734 Preferred Plus 8.375% Pfd-PIY PFD 740434882 22 900 SH SOLE 900 Preferred Plus Tr Fr-I 7.400-PIJ PFD 740434600 6 230 SH SOLE 230 Prudential Plc-PUK.A PFD G7293H189 43 1,700 SH SOLE 1,700 Sears Roebuck A 7.4000%-8.12E+08 PFD 812404507 30 3,200 SH SOLE 3,200 US Bancorp 7.8750%-USB.L PFD 902973882 55 2,000 SH SOLE 2,000 USB Capital XII 6.3000%-USB.K PFD 903305209 12 465 SH SOLE 465 Wells Fargo Capit XII 7.8750-BWF PFD 94985V202 32 1,250 SH SOLE 1,250 Wells Fargo Co 8.0000%-WFC.J PFD 949746879 57 2,000 SH SOLE 2,000 Xcel Energy Inc 7.6000%-XCJ PFD 98389B886 76 2,785 SH SOLE 2,785