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