0001316617-14-000003.txt : 20140211 0001316617-14-000003.hdr.sgml : 20140211 20140210183803 ACCESSION NUMBER: 0001316617-14-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131231 FILED AS OF DATE: 20140211 DATE AS OF CHANGE: 20140210 EFFECTIVENESS DATE: 20140211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Saturna Capital CORP CENTRAL INDEX KEY: 0001316617 IRS NUMBER: 911454817 STATE OF INCORPORATION: WA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11042 FILM NUMBER: 14590750 BUSINESS ADDRESS: STREET 1: 1300 N. STATE ST. CITY: BELLINGHAM STATE: WA ZIP: 98225 BUSINESS PHONE: 360-734-9900 MAIL ADDRESS: STREET 1: 1300 N. STATE ST. CITY: BELLINGHAM STATE: WA ZIP: 98225 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001316617 XXXXXXXX 12-31-2013 12-31-2013 Saturna Capital CORP

1300 N. STATE ST. BELLINGHAM WA 98225

13F HOLDINGS REPORT 028-11042 N Jane Carten 360-734-9900 Jane K. Carten Bellingham WA 02-10-2014 0 369 3918 false INFORMATION TABLE 2 infotable_13f20131231.xml Q4 HOLDINGS REPORT - DECEMBER 31, 2013 21Vianet Group ADR ADR 90138A103 96 4096 SH SOLE 0 4096 0 0 3M Common Stock 88579Y101 36874 262917 SH SOLE 0 262917 0 0 Abbott Laboratories Common Stock 2824100 15698 409554 SH SOLE 0 409554 0 0 AbbVie Common Stock 00287Y109 20393 386163 SH SOLE 0 386163 0 0 Accenture Plc, Cl A Common Stock G1151C101 222 2700 SH SOLE 0 2700 0 0 Actavis PLC Common Stock G0083B108 20 119 SH SOLE 0 119 0 0 Adobe Systems Common Stock 00724F101 80026 1336455 SH SOLE 0 1336455 0 0 Agilent Technologies Common Stock 00846U101 52776 922822 SH SOLE 0 922822 0 0 Air Products & Chemicals Common Stock 9158106 27945 250000 SH SOLE 0 250000 0 0 Akamai Technologies Common Stock 00971T101 47480 1006354 SH SOLE 0 1006354 0 0 Alamos Gold Common Stock 11527959 394 32500 SH SOLE 0 32500 0 0 Alaska Air Common Stock 11659109 559 7625 SH SOLE 0 7625 0 0 Alcoa Common Stock 13817101 64 6055 SH SOLE 0 6055 0 0 Alere, perp pfd conv ser B Convt Prefrd Stock 01449J204 57 199 SH SOLE 0 199 0 0 America Movil ADR ADR 02364W105 42 1790 SH SOLE 0 1790 0 0 Amazon.com Common Stock 23135106 2078 5211 SH SOLE 0 5211 0 0 Ambev SA ADR 02319V103 74 10000 SH SOLE 0 10000 0 0 Ameren Common Stock 23608102 12 333 SH SOLE 0 333 0 0 American Electric Power Common Stock 25537101 6 120 SH SOLE 0 120 0 0 AmerisourceBergen Corp Common Stock 03073E105 8 110 SH SOLE 0 110 0 0 Amgen Common Stock 31162100 62503 547884 SH SOLE 0 547884 0 0 AmSurg Common Stock 03232P405 363 7895 SH SOLE 0 7895 0 0 Anadarko Petroleum Common Stock 32511107 127 1600 SH SOLE 0 1600 0 0 Analog Devices Common Stock 32654105 25 500 SH SOLE 0 500 0 0 Anglo American ADR ADR 03485P201 808 74223 SH SOLE 0 74223 0 0 Aon Corp Common Stock G0408V102 244 2912 SH SOLE 0 2912 0 0 Apache Common Stock 37411105 1150 13377 SH SOLE 0 13377 0 0 Apartment Investment & Management Common Stock 03748R101 19 743 SH SOLE 0 743 0 0 Apple Common Stock 37833100 67160 119710 SH SOLE 0 119710 0 0 ARM Holdings plc ADS ADR 42068106 79 1451 SH SOLE 0 1451 0 0 ASML Holding NV (New York) Common Stock N07059210 48701 519750 SH SOLE 0 519750 0 0 AstraZeneca ADS ADR 46353108 15614 263000 SH SOLE 0 263000 0 0 AT&T Common Stock 00206R102 720 20468 SH SOLE 0 20468 0 0 Atlas Pipeline Partners Common Stock 49392103 105 3000 SH SOLE 0 3000 0 0 Australia & New Zealand Banking ADS ADR 52528304 2438 84500 SH SOLE 0 84500 0 0 AutoNavi Holdings ADS ADR 05330F106 456 32000 SH SOLE 0 32000 0 0 Aviat Networks Common Stock 05366Y102 1 630 SH SOLE 0 630 0 0 Avista Common Stock 05379B107 273 9700 SH SOLE 0 9700 0 0 Baidu ADS ADR 56752108 889 5000 SH SOLE 0 5000 0 0 Banco Santander ADS ADR 05964H105 907 100000 SH SOLE 0 100000 0 0 Bank of America Common Stock 60505104 125 8000 SH SOLE 0 8000 0 0 BASF ADR ADR 55262505 19994 185492 SH SOLE 0 185492 0 0 BCE Common Stock 05534B760 3051 70469 SH SOLE 0 70469 0 0 Becton, Dickinson & Co. Common Stock 75887109 23203 210000 SH SOLE 0 210000 0 0 Bed Bath & Beyond Common Stock 75896100 814 10135 SH SOLE 0 10135 0 0 BG Group ADR ADR 55434203 1518 70000 SH SOLE 0 70000 0 0 BHP Billiton ADS ADR 88606108 2246 32928 SH SOLE 0 32928 0 0 BlackRock Common Stock 09247X101 32 100 SH SOLE 0 100 0 0 Boardwalk Pipeline Partners LP Common Stock 96627104 77 3000 SH SOLE 0 3000 0 0 Boeing Common Stock 97023105 763 5588 SH SOLE 0 5588 0 0 BP plc ADS ADR 55622104 121 2491 SH SOLE 0 2491 0 0 Brandywine Realty Trust Common Stock 105368203 6 397 SH SOLE 0 397 0 0 Bristol-Myers Squibb Common Stock 110122108 43227 813299 SH SOLE 0 813299 0 0 Canadian National Railway Common Stock 136375102 38637 677600 SH SOLE 0 677600 0 0 Canadian Oil Sands Ltd. Common Stock 13643E105 188 10000 SH SOLE 0 10000 0 0 Canon ADS ADR 138006309 418 13050 SH SOLE 0 13050 0 0 Carlisle Common Stock 142339100 36603 461000 SH SOLE 0 461000 0 0 Carmax Common Stock 143130102 79 1680 SH SOLE 0 1680 0 0 Carrefour S.A. ADS ADR 144430204 1340 170000 SH SOLE 0 170000 0 0 Celgene Common Stock 151020104 16897 100000 SH SOLE 0 100000 0 0 Cenovus Common Stock 15135U109 26079 910277 SH SOLE 0 910277 0 0 Charles River Laboratories Common Stock 159864107 79 1495 SH SOLE 0 1495 0 0 Chemtura Corp Common Stock 163893209 0 10 SH SOLE 0 10 0 0 Cheung Kong HLDG UNSP/ADR ADR 166744201 5 328 SH SOLE 0 328 0 0 Chevron Corporation Common Stock 166764100 588 4707 SH SOLE 0 4707 0 0 China Petroleum & Chemical ADS ADR 16941R108 85 1040 SH SOLE 0 1040 0 0 Chubb Common Stock 171232101 862 8925 SH SOLE 0 8925 0 0 Chunghwa Telecom ADS ADR 17133Q502 17632 569506 SH SOLE 0 569506 0 0 Church & Dwight Common Stock 171340102 53567 808200 SH SOLE 0 808200 0 0 Cisco Systems Common Stock 17275R102 46115 2055948 SH SOLE 0 2055948 0 0 Clorox Common Stock 189054109 44169 476165 SH SOLE 0 476165 0 0 CNOOC Ltd ADS ADR 126132109 469 2500 SH SOLE 0 2500 0 0 Coach Common Stock 189754104 494 8800 SH SOLE 0 8800 0 0 Coca-Cola Co Common Stock 191216100 55 1340 SH SOLE 0 1340 0 0 Coca-Cola Femsa ADS ADR 191241108 3663 30084 SH SOLE 0 30084 0 0 Coeur Mining Common Stock 192108504 109 10000 SH SOLE 0 10000 0 0 Colgate-Palmolive Common Stock 194162103 39811 610508 SH SOLE 0 610508 0 0 ConocoPhillips Common Stock 20825C104 24810 351172 SH SOLE 0 351172 0 0 Convergys Common Stock 212485106 14539 690700 SH SOLE 0 690700 0 0 Copa Holdings, Cl A Common Stock P31076105 4803 30000 SH SOLE 0 30000 0 0 Corning Common Stock 219350105 5 300 SH SOLE 0 300 0 0 Corp Office Props Trust CLASS H Preferred Stock 22002T603 24 1000 SH SOLE 0 1000 0 0 Costco Wholesale Common Stock 22160K105 357 3000 SH SOLE 0 3000 0 0 CPFL Energia ADS ADR 126153105 1729 108000 SH SOLE 0 108000 0 0 Crane Common Stock 224399105 20175 300000 SH SOLE 0 300000 0 0 CVS Caremark Common Stock 126650100 716 10000 SH SOLE 0 10000 0 0 Danaher Common Stock 235851102 31 400 SH SOLE 0 400 0 0 Danone ADS ADR 23636T100 571 39300 SH SOLE 0 39300 0 0 Dassault Systems ADR ADR 237545108 3729 30000 SH SOLE 0 30000 0 0 DealerTrack Holdings Common Stock 242309102 7 141 SH SOLE 0 141 0 0 Delta Air Lines Common Stock 247361702 1099 40000 SH SOLE 0 40000 0 0 Dentsply International Common Stock 249030107 32789 676340 SH SOLE 0 676340 0 0 Devon Energy Common Stock 25179M103 111 1800 SH SOLE 0 1800 0 0 Diebold Common Stock 253651103 26 800 SH SOLE 0 800 0 0 Disney (Walt) Common Stock 254687106 11 145 SH SOLE 0 145 0 0 Dominion Resources Inc./VA Common Stock 25746U109 8 120 SH SOLE 0 120 0 0 Donnelley (RR) & Sons Common Stock 257867101 171 8424 SH SOLE 0 8424 0 0 Dow Chemical Common Stock 260543103 82 1842 SH SOLE 0 1842 0 0 Dr. Reddy's Laboratories ADS ADR 256135203 615 15000 SH SOLE 0 15000 0 0 Dreamworks Animation Common Stock 26153C103 12 330 SH SOLE 0 330 0 0 Duke Energy Common Stock 26441C204 468 6783 SH SOLE 0 6783 0 0 Duke Realty Common Stock 264411505 134 8900 SH SOLE 0 8900 0 0 Dun & Bradstreet Common Stock 26483E100 18413 150000 SH SOLE 0 150000 0 0 E.I. du Pont de Nemours Common Stock 263534109 32774 504450 SH SOLE 0 504450 0 0 E.ON ADR ADR 268780103 111 6000 SH SOLE 0 6000 0 0 eBay Common Stock 278642103 1285 23413 SH SOLE 0 23413 0 0 Edison International Common Stock 281020107 50 1080 SH SOLE 0 1080 0 0 Eli Lilly Common Stock 532457108 65528 1284865 SH SOLE 0 1284865 0 0 Embraer SA ADR ADR 29082A107 148 4612 SH SOLE 0 4612 0 0 EMC Common Stock 268648102 640 25429 SH SOLE 0 25429 0 0 EMCOR Common Stock 29084Q100 29912 704798 SH SOLE 0 704798 0 0 Emerson Electric Common Stock 291011104 31581 450000 SH SOLE 0 450000 0 0 Enbridge Energy Partners LP Common Stock 29250R106 1002 33551 SH SOLE 0 33551 0 0 EnCana Common Stock 292505104 8149 451458 SH SOLE 0 451458 0 0 Enersis ADS ADR 29274F104 2024 135000 SH SOLE 0 135000 0 0 Eni SpA ADS ADR 26874R108 2425 50000 SH SOLE 0 50000 0 0 Entergy MISS 1st MTG Preferred Stock 29364N876 25 1000 SH SOLE 0 1000 0 0 EOG Resources Common Stock 26875P101 81 485 SH SOLE 0 485 0 0 Estee Lauder, Cl A Common Stock 518439104 48205 640000 SH SOLE 0 640000 0 0 Expedia Common Stock 30212P303 39 561 SH SOLE 0 561 0 0 Express Scripts Holding Common Stock 30219G108 46408 660713 SH SOLE 0 660713 0 0 Exxon Mobil Common Stock 30231G102 36480 360474 SH SOLE 0 360474 0 0 F5 Networks Common Stock 315616102 1199 13195 SH SOLE 0 13195 0 0 Facebook, Cl A Common Stock 30303M102 312 5712 SH SOLE 0 5712 0 0 Fastenal Common Stock 311900104 38187 803760 SH SOLE 0 803760 0 0 Fibria Celulose ADR ADR 31573A109 1752 150000 SH SOLE 0 150000 0 0 First Real Estate Investment Trust Common Stock Y2560E100 210 250000 SH SOLE 0 250000 0 0 First Solar Common Stock 336433107 219 4000 SH SOLE 0 4000 0 0 Fiserv Common Stock 337738108 53 900 SH SOLE 0 900 0 0 Flextronics International Common Stock Y2573F102 8 1000 SH SOLE 0 1000 0 0 Fomento Economico Mex ADS (FEMSA) ADR 344419106 2936 30000 SH SOLE 0 30000 0 0 Ford Motor Common Stock 345370860 664 43010 SH SOLE 0 43010 0 0 FPL Group Capital Trust I Preferred Stock 30257v207 27 1100 SH SOLE 0 1100 0 0 Freeport-McMoRan Copper & Gold Common Stock 35671D857 17935 475224 SH SOLE 0 475224 0 0 Frontier Communictions Common Stock 35906A108 0 70 SH SOLE 0 70 0 0 Furiex Pharmaceuticals Common Stock 36106P101 18 433 SH SOLE 0 433 0 0 Gartner Common Stock 366651107 21417 301441 SH SOLE 0 301441 0 0 GDF Suez ADS ADR 36160B105 88 3725 SH SOLE 0 3725 0 0 General Electric Common Stock 369604103 404 14400 SH SOLE 0 14400 0 0 General Mills Common Stock 370334104 30337 607838 SH SOLE 0 607838 0 0 Gentex Common Stock 371901109 23152 702000 SH SOLE 0 702000 0 0 Genuine Parts Common Stock 372460105 44131 530480 SH SOLE 0 530480 0 0 Georgia Power CO Cl A PFD 6.125% Preferred Stock 373334473 104 4000 SH SOLE 0 4000 0 0 Gilead Sciences Common Stock 375558103 240 3200 SH SOLE 0 3200 0 0 GlaxoSmithKline ADS ADR 37733W105 35502 664950 SH SOLE 0 664950 0 0 Global Payments Common Stock 37940X102 25 382 SH SOLE 0 382 0 0 Gold Fields Ltd ADS ADR 38059T106 96 30000 SH SOLE 0 30000 0 0 Google Common Stock 38259P508 97492 86991 SH SOLE 0 86991 0 0 Great Plains Energy Inc. Common Stock 391164100 5 197 SH SOLE 0 197 0 0 Hain Celestial Group Common Stock 405217100 481 5302 SH SOLE 0 5302 0 0 Harman International Industries Common Stock 413086109 180 2200 SH SOLE 0 2200 0 0 Harris Common Stock 413875105 28947 414660 SH SOLE 0 414660 0 0 HCP Common Stock 40414L109 14 381 SH SOLE 0 381 0 0 Health Care Property Common Stock 42217K106 16 302 SH SOLE 0 302 0 0 Hewlett-Packard Common Stock 428236103 14 500 SH SOLE 0 500 0 0 Hillshire Brands Common Stock 432589109 3 88 SH SOLE 0 88 0 0 Home Depot Common Stock 437076102 39 475 SH SOLE 0 475 0 0 Honeywell International Common Stock 438516106 39499 432295 SH SOLE 0 432295 0 0 Hong Kong & China Gas ADS ADR 438550303 464 200000 SH SOLE 0 200000 0 0 Hospira Common Stock 441060100 5 130 SH SOLE 0 130 0 0 HSN Common Stock 404303109 14 224 SH SOLE 0 224 0 0 Hudson Technologies Common Stock 444144109 30 8179 SH SOLE 0 8179 0 0 Humana Common Stock 444859102 31601 306153 SH SOLE 0 306153 0 0 Hutchison Whampoa ADR ADR 448415208 5 192 SH SOLE 0 192 0 0 IAC/InterActiveCorp Common Stock 44919P508 39 561 SH SOLE 0 561 0 0 Idacorp Common Stock 451107106 886 17100 SH SOLE 0 17100 0 0 Illinois Tool Works Common Stock 452308109 43211 513925 SH SOLE 0 513925 0 0 Impala Platinum ADR ADR 452553308 188 16000 SH SOLE 0 16000 0 0 Infosys ADS ADR 456788108 28300 500000 SH SOLE 0 500000 0 0 Integrated Device Technology Common Stock 458118106 41 4030 SH SOLE 0 4030 0 0 Intel Common Stock 458140100 47107 1814930 SH SOLE 0 1814930 0 0 International Business Machines Common Stock 459200101 45079 240333 SH SOLE 0 240333 0 0 Interval Leisure Group Common Stock 46113M108 7 224 SH SOLE 0 224 0 0 Intuit Common Stock 461202103 64334 842954 SH SOLE 0 842954 0 0 Invesco Common Stock G491BT108 591 16240 SH SOLE 0 16240 0 0 Iron Mountain Common Stock 462846106 15 496 SH SOLE 0 496 0 0 ishares Russell 2000 Common Stock 464287655 27 238 SH SOLE 0 238 0 0 Itau Unibanco Holding ADS ADR 465562106 90 6600 SH SOLE 0 6600 0 0 JM Smucker Common Stock 832696405 25940 250340 SH SOLE 0 250340 0 0 John Wiley & Sons, A Common Stock 968223206 3588 65000 SH SOLE 0 65000 0 0 Johnson & Johnson Common Stock 478160104 88132 962241 SH SOLE 0 962241 0 0 Johnson Controls Common Stock 478366107 30780 600000 SH SOLE 0 600000 0 0 JP Morgan Chase Common Stock 46625H100 154 2640 SH SOLE 0 2640 0 0 JPM Chase Capital, Pfd C 6.70% Preferred Stock 48125E207 127 5000 SH SOLE 0 5000 0 0 Kalbe Farma (ADS) Common Stock 69368A108 82 4000 SH SOLE 0 4000 0 0 Kellogg Common Stock 487836108 28483 466400 SH SOLE 0 466400 0 0 Key Common Stock 493267108 17 1272 SH SOLE 0 1272 0 0 Kimberly-Clark Common Stock 494368103 31654 303025 SH SOLE 0 303025 0 0 Kinder Morgan Energy Partners Common Stock 494550106 331 4100 SH SOLE 0 4100 0 0 Knight Transportation Common Stock 499064103 23 1237 SH SOLE 0 1237 0 0 Kohl's Common Stock 500255104 16 275 SH SOLE 0 275 0 0 Korea Electric Power ADS ADR 500631106 332 20000 SH SOLE 0 20000 0 0 LATAM Airlines ADS ADR 51817R106 3306 202721 SH SOLE 0 202721 0 0 Li & Fung Ltd. Common Stock G5485F169 10 8000 SH SOLE 0 8000 0 0 Life Technologies Common Stock 53217V109 28 363 SH SOLE 0 363 0 0 LifePoint Hospitals Common Stock 53219L109 31 581 SH SOLE 0 581 0 0 Lincoln Electric Holdings Common Stock 533900106 36669 514000 SH SOLE 0 514000 0 0 Lincoln National Common Stock 534187109 9 177 SH SOLE 0 177 0 0 Lowe's Common Stock 548661107 40197 811240 SH SOLE 0 811240 0 0 Mattel Common Stock 577081102 9999 210150 SH SOLE 0 210150 0 0 McCormick & Co Common Stock 579780206 20848 302500 SH SOLE 0 302500 0 0 Mead Johnson Nutrition Common Stock 582839106 1228 14664 SH SOLE 0 14664 0 0 Memorial Production Partners Common Stock 586048100 439 20000 SH SOLE 0 20000 0 0 MercadoLibre Common Stock 58733R102 1909 17714 SH SOLE 0 17714 0 0 Merck & Co Common Stock 58933Y105 222 4445 SH SOLE 0 4445 0 0 Methanex Common Stock 59151K108 19052 321600 SH SOLE 0 321600 0 0 Metso ADS ADR 592671101 733 17100 SH SOLE 0 17100 0 0 Microchip Technology Common Stock 595017104 28222 630655 SH SOLE 0 630655 0 0 Microsoft Common Stock 594918104 37993 1015579 SH SOLE 0 1015579 0 0 Middleby Common Stock 596278101 479 2000 SH SOLE 0 2000 0 0 Mindray Medical International ADS ADR 602675100 473 13000 SH SOLE 0 13000 0 0 Mitsubishi UFJ Financial ADS ADR 606822104 3340 500000 SH SOLE 0 500000 0 0 Monster Beverage Common Stock 611740101 25221 372150 SH SOLE 0 372150 0 0 Moody's Common Stock 615369105 601 7655 SH SOLE 0 7655 0 0 Morgan Stanley Cap Tr, Cum Pfd Preferred Stock 61750K208 109 4500 SH SOLE 0 4500 0 0 Morningstar Common Stock 617700109 78 1000 SH SOLE 0 1000 0 0 Motorola Solutions Common Stock 620076307 6 95 SH SOLE 0 95 0 0 MTN Group LTD - Spons ADR ADR 62474M108 251 12100 SH SOLE 0 12100 0 0 National Fuel Gas Common Stock 636180101 12138 170000 SH SOLE 0 170000 0 0 National Grid PLC ADS ADR 636274300 505 7735 SH SOLE 0 7735 0 0 Nestle's S.A. Common Stock 641069406 63 852 SH SOLE 0 852 0 0 News Corp. Cl A Common Stock 65249B109 1 82 SH SOLE 0 82 0 0 NextEra Energy Common Stock 65339F101 107 1250 SH SOLE 0 1250 0 0 Nextera Energy Capital Preferred Stock 65339K506 51 2000 SH SOLE 0 2000 0 0 Nice Systems ADS ADR 653656108 3277 80000 SH SOLE 0 80000 0 0 Nidec ADS ADR 654090109 660 26703 SH SOLE 0 26703 0 0 Nike, Cl B Common Stock 654106103 49152 625020 SH SOLE 0 625020 0 0 Nintendo ADR 654445303 1 86 SH SOLE 0 86 0 0 Nippon Indosari Corpindo Common Stock Y6276Y102 16 187500 SH SOLE 0 187500 0 0 NiSource Common Stock 65473P105 13 387 SH SOLE 0 387 0 0 Noble Common Stock G65431101 720 19212 SH SOLE 0 19212 0 0 Noble Energy Common Stock 655044105 30 436 SH SOLE 0 436 0 0 Nordstrom Common Stock 655664100 321 5200 SH SOLE 0 5200 0 0 Norfolk Southern Common Stock 655844108 47696 513800 SH SOLE 0 513800 0 0 Northern Trust Common Stock 665859104 62 1000 SH SOLE 0 1000 0 0 Novartis ADS ADR 66987V109 94997 1181853 SH SOLE 0 1181853 0 0 Novo Nordisk ADS ADR 670100205 45438 245930 SH SOLE 0 245930 0 0 Novozymes A/S ADR ADR 670108109 85 2000 SH SOLE 0 2000 0 0 NRG Energy Common Stock 629377508 86 3000 SH SOLE 0 3000 0 0 Nucor Common Stock 670346105 13583 254450 SH SOLE 0 254450 0 0 NY Community Bancorp Common Stock 649445103 118 7000 SH SOLE 0 7000 0 0 Oracle Common Stock 68389X105 32096 838888 SH SOLE 0 838888 0 0 Orange SA ADR 684060106 73 5900 SH SOLE 0 5900 0 0 Orient-Express Hotels, A Common Stock G67743107 4684 310000 SH SOLE 0 310000 0 0 PAREXEL International Common Stock 699462107 181 4000 SH SOLE 0 4000 0 0 Parker Hannifin Common Stock 701094104 35440 275500 SH SOLE 0 275500 0 0 Pearson ADS ADR 705015105 9047 403890 SH SOLE 0 403890 0 0 Pennsylvania REIT Common Stock 709102107 7 350 SH SOLE 0 350 0 0 PepsiCo Common Stock 713448108 84635 1020438 SH SOLE 0 1020438 0 0 Petroleo Brasileiro ADS ADR 71654V408 368 26700 SH SOLE 0 26700 0 0 PetSmart Common Stock 716768106 44855 616560 SH SOLE 0 616560 0 0 Pfizer Common Stock 717081103 38018 1241217 SH SOLE 0 1241217 0 0 Philippine Long Distance ADS ADR 718252604 252 4200 SH SOLE 0 4200 0 0 Phillips 66 Common Stock 718546104 17183 222779 SH SOLE 0 222779 0 0 Piedmont Natural Gas Common Stock 720186105 265 8000 SH SOLE 0 8000 0 0 PIMCO Commercial Mortgage Secs Common Stock 69323T101 6 500 SH SOLE 0 500 0 0 Pitney Bowes Common Stock 724479100 8 350 SH SOLE 0 350 0 0 Plum Creek Timber Common Stock 729251108 532 11443 SH SOLE 0 11443 0 0 PNC Bank Common Stock 693475105 105 1355 SH SOLE 0 1355 0 0 Portugal Telecom SGPS ADS ADR 737273102 73 17000 SH SOLE 0 17000 0 0 Potash Corp of Saskatchewan Common Stock 73755L107 41367 1255071 SH SOLE 0 1255071 0 0 Power Solutions International Common Stock 73933G202 504 6708 SH SOLE 0 6708 0 0 PPG Industries Common Stock 693506107 37932 200000 SH SOLE 0 200000 0 0 Prada S.p.A. ADR ADR 73942H100 132 7500 SH SOLE 0 7500 0 0 Praxair Common Stock 74005P104 28818 221625 SH SOLE 0 221625 0 0 Procter & Gamble Common Stock 742718109 33367 409862 SH SOLE 0 409862 0 0 Public Storage International Common Stock 74460D109 68 450 SH SOLE 0 450 0 0 Qualcomm Common Stock 747525103 61869 833259 SH SOLE 0 833259 0 0 Quimica y Minera Chile ADS ADR 833635105 1475 57000 SH SOLE 0 57000 0 0 Raymond James Financial Common Stock 754730109 291 5568 SH SOLE 0 5568 0 0 Raytheon Common Stock 755111507 40 444 SH SOLE 0 444 0 0 Regal-Beloit Common Stock 758750103 29753 403600 SH SOLE 0 403600 0 0 Regions Financial Common Stock 7591EP100 13 1329 SH SOLE 0 1329 0 0 Reitmans (Canada) Ltd. (Cl A) Common Stock 759404957 111 17400 SH SOLE 0 17400 0 0 Rio Tinto PLC ADS ADR 767204100 430 7628 SH SOLE 0 7628 0 0 Robinson Department Store PCL Fgn Common Stock Y7318V148 15 10800 SH SOLE 0 10800 0 0 Rockwell Automation Common Stock 773903109 38429 325230 SH SOLE 0 325230 0 0 Royal Dutch Shell ADS ADR 780259206 207 2900 SH SOLE 0 2900 0 0 RPM International Common Stock 749685103 7634 183900 SH SOLE 0 183900 0 0 Ryanair Holdings ADS ADR 783513104 939 20000 SH SOLE 0 20000 0 0 Sabana Shariah Comp Indl REIT Common Stock Y7368R104 837 978500 SH SOLE 0 978500 0 0 Salix Pharmaceuticals Common Stock 795435106 746 8292 SH SOLE 0 8292 0 0 SanDisk Common Stock 80004C101 26121 370300 SH SOLE 0 370300 0 0 Sanofi ADS ADR 80105N105 2807 52337 SH SOLE 0 52337 0 0 Santander 10.5% Pfd Series 10 Preferred Stock E8683R144 105 4000 SH SOLE 0 4000 0 0 SAP ADS ADR 803054204 56798 651800 SH SOLE 0 651800 0 0 Sasol ADS ADR 803866300 692 14000 SH SOLE 0 14000 0 0 Schlumberger Ltd Common Stock 806857108 274 3045 SH SOLE 0 3045 0 0 Sempra Energy Common Stock 816851109 731 8140 SH SOLE 0 8140 0 0 Semtech Common Stock 816850101 34 1330 SH SOLE 0 1330 0 0 Senior Housing PPTYS Trust Common Stock 81721M109 218 9800 SH SOLE 0 9800 0 0 Shire ADS ADR 82481r106 4521 32000 SH SOLE 0 32000 0 0 Sibanye Gold Ltd ADS ADR 825724206 96 20000 SH SOLE 0 20000 0 0 Simon Property Group Common Stock 828806109 156 1026 SH SOLE 0 1026 0 0 Singapore Telecom ADR ADR 82929R304 307 10600 SH SOLE 0 10600 0 0 SK Telecom ADS ADR 78440P108 891 36200 SH SOLE 0 36200 0 0 Southwest Airlines Common Stock 844741108 19 1000 SH SOLE 0 1000 0 0 SPDR Gold Trust GS Common Stock 78463V107 39 337 SH SOLE 0 337 0 0 SPDR S&P Midcap 400 ETF Common Stock 78467Y107 24 99 SH SOLE 0 99 0 0 Spectra Energy Common Stock 847560109 490 13758 SH SOLE 0 13758 0 0 Stage Stores Common Stock 85254C305 77 3487 SH SOLE 0 3487 0 0 Stanley Black & Decker Common Stock 854502101 8395 104046 SH SOLE 0 104046 0 0 Staples Common Stock 855030102 5 301 SH SOLE 0 301 0 0 State Street Common Stock 857477103 39 528 SH SOLE 0 528 0 0 Statoil ADS ADR 85771P102 1561 64703 SH SOLE 0 64703 0 0 Stericycle Common Stock 858912108 30 260 SH SOLE 0 260 0 0 Stryker Common Stock 863667101 22562 300270 SH SOLE 0 300270 0 0 Suburban Propane Partners LP Common Stock 864482104 305 6500 SH SOLE 0 6500 0 0 SunOpta Common Stock 8676EP108 56 5563 SH SOLE 0 5563 0 0 Swire Pac LTD ADR 870794302 2 169 SH SOLE 0 169 0 0 Synchronoss Technologies Common Stock 87157B103 466 15000 SH SOLE 0 15000 0 0 Taiwan Semiconductor ADS ADR 874039100 48651 2789597 SH SOLE 0 2789597 0 0 Target Common Stock 87612E106 19 300 SH SOLE 0 300 0 0 Tata Motors ADS ADR 876568502 183 5942 SH SOLE 0 5942 0 0 TCW Convertible Securities Fund Common Stock 872340104 2 375 SH SOLE 0 375 0 0 Teck Resources, Cl B Common Stock 878742204 2877 110600 SH SOLE 0 110600 0 0 Teekay LNG Partners LP Common Stock Y8564M105 562 13150 SH SOLE 0 13150 0 0 Telecom New Zealand ADS ADR 879278208 514 54266 SH SOLE 0 54266 0 0 Telefonica ADS ADR 879382208 3647 223196 SH SOLE 0 223196 0 0 Telefonica Brasil S.A. ADS ADR 87936R106 1264 65750 SH SOLE 0 65750 0 0 Telekom Austria AG ADR ADR 87943Q109 2 148 SH SOLE 0 148 0 0 Telekomunikasi Indonesia ADS ADR 715684106 954 26600 SH SOLE 0 26600 0 0 Telenor ASA ADR ADR 87944W105 122 1706 SH SOLE 0 1706 0 0 Telephone & Data Sys 6.625% Pfd Preferred Stock 879433852 48 2100 SH SOLE 0 2100 0 0 Telstra ADR ADR 87969N204 3704 158000 SH SOLE 0 158000 0 0 Telus Common Stock 87971M103 8817 256000 SH SOLE 0 256000 0 0 Tenaris ADR ADR 88031M109 5767 132000 SH SOLE 0 132000 0 0 Teva Pharmaceutical Industries ADS ADR 881624209 1603 40000 SH SOLE 0 40000 0 0 TJX Companies Common Stock 872540109 57647 904550 SH SOLE 0 904550 0 0 Toronto-Dominion Bank Common Stock 891160509 4389 46572 SH SOLE 0 46572 0 0 Total ADS ADR 89151E109 26156 426900 SH SOLE 0 426900 0 0 Toyota Motor ADS ADR 892331307 5208 42715 SH SOLE 0 42715 0 0 Transocean Common Stock H8817H100 4 78 SH SOLE 0 78 0 0 Trimble Navigation Common Stock 896239100 61200 1763678 SH SOLE 0 1763678 0 0 TripAdvisor, Cl A Common Stock 896945201 133 1600 SH SOLE 0 1600 0 0 Turkcell Iletisim Hizmetleri ADS ADR 900111204 1202 90000 SH SOLE 0 90000 0 0 Twenty-First Centy Fox Inc Common Stock 90130A101 12 330 SH SOLE 0 330 0 0 Ultralife Batteries Common Stock 903899102 36 10000 SH SOLE 0 10000 0 0 Unilever ADS ADR 904767704 17318 420350 SH SOLE 0 420350 0 0 Unilever N.V. Common Stock 904784709 567 14084 SH SOLE 0 14084 0 0 Union Pacific Common Stock 907818108 48352 287812 SH SOLE 0 287812 0 0 United Parcel Service Common Stock 911312106 86230 820612 SH SOLE 0 820612 0 0 United Technologies Common Stock 913017109 28654 251797 SH SOLE 0 251797 0 0 UnitedHealth Group Common Stock 91324P102 356 4730 SH SOLE 0 4730 0 0 Urban Outfitters Common Stock 917047102 13116 353532 SH SOLE 0 353532 0 0 Vale ADS ADR 91912E105 1106 72500 SH SOLE 0 72500 0 0 Valmont Industries Common Stock 920253101 891 5973 SH SOLE 0 5973 0 0 VCA Antech Common Stock 918194101 19722 628900 SH SOLE 0 628900 0 0 Vectura Group PLC Common Stock G9325J100 59 25500 SH SOLE 0 25500 0 0 Verizon Communications Common Stock 92343V104 14 295 SH SOLE 0 295 0 0 VF Corp Common Stock 918204108 748 12000 SH SOLE 0 12000 0 0 Vodafone Group ADS ADR 92857W209 15192 386479 SH SOLE 0 386479 0 0 W.W. Grainger Common Stock 384802104 38763 151760 SH SOLE 0 151760 0 0 Walgreen Common Stock 931422109 103 1794 SH SOLE 0 1794 0 0 Waste Connections Common Stock 941053100 22 496 SH SOLE 0 496 0 0 Weatherford International Common Stock H27013103 40 2580 SH SOLE 0 2580 0 0 Wells Fargo & Co Common Stock 949746101 105 2315 SH SOLE 0 2315 0 0 Western Digital Common Stock 958102105 1683 20059 SH SOLE 0 20059 0 0 Whistler Blackcomb Holdings Common Stock 96336D955 188 12000 SH SOLE 0 12000 0 0 Whiting Petroleum Common Stock 966387102 697 11270 SH SOLE 0 11270 0 0 Williams Companies Common Stock 969457100 135 3500 SH SOLE 0 3500 0 0 Wolverine World Wide Common Stock 978097103 35 1034 SH SOLE 0 1034 0 0 Worthington Industries Common Stock 981811102 63 1500 SH SOLE 0 1500 0 0 Wright Express Corp Common Stock 96208T104 32 322 SH SOLE 0 322 0 0 Xcel Energy Common Stock 98389B100 5 172 SH SOLE 0 172 0 0 Xilinx Common Stock 983919101 27552 600000 SH SOLE 0 600000 0 0 Zebra Technologies, Cl A Common Stock 989207105 44 817 SH SOLE 0 817 0 0 Zimmer Common Stock 98956P102 81 870 SH SOLE 0 870 0 0