0001349138-12-000002.txt : 20120224 0001349138-12-000002.hdr.sgml : 20120224 20120223195620 ACCESSION NUMBER: 0001349138-12-000002 CONFORMED SUBMISSION TYPE: 13F-HR/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120224 DATE AS OF CHANGE: 20120223 EFFECTIVENESS DATE: 20120224 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Parsec Financial Management, Inc. CENTRAL INDEX KEY: 0001349138 IRS NUMBER: 561443390 STATE OF INCORPORATION: NC FISCAL YEAR END: 1205 FILING VALUES: FORM TYPE: 13F-HR/A SEC ACT: 1934 Act SEC FILE NUMBER: 028-11676 FILM NUMBER: 12635462 BUSINESS ADDRESS: STREET 1: 6 WALL STREET CITY: ASHEVILLE STATE: NC ZIP: 28801 BUSINESS PHONE: 8282550271 MAIL ADDRESS: STREET 1: PO BOX 2324 CITY: ASHEVILLE STATE: NC ZIP: 28802 13F-HR/A 1 inftable-amended.txt 13F-HR AMENDMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F-HR/A FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2011 Check Here if Amendment [X ]; Amendment Number: This Amendment (Check only one.): [ X] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: PARSEC FINANCIAL MANAGEMENT, INC. Address: 6 WALL STREET Asheville, NC 28801 13F File Number: 801-16359 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: Barbara A. Gray Title: Chief Compliance Officer Phone: 828-255-0271 Signature, Place, and Date of Signing: Barbara A. Gray Asheville, North Carolina February 23, 2012 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M COMPANY COM 88579y101 7280 89078.549SH SOLE 10281.000 78797.549 ABBOTT LABORATORIES COM 002824100 13787 245183.738SH SOLE 28180.000 217003.738 ACCENTURE LTD COM G1151C101 1811 34024.000SH SOLE 34024.000 AFFILIATED MANAGERS GROUP COM 008252108 943 9827.000 SH SOLE 3170.000 6657.000 AFLAC COM 001055102 3605 83323.000SH SOLE 15630.000 67693.000 ALTRIA GROUP, INC. COM 02209s103 229 7708.667 SH SOLE 7708.667 AMERIWEST ENERGY COM 030757108 0 20000.000SH SOLE 20000.000 AMGEN COM 031162100 5620 87518.738SH SOLE 9067.000 78451.738 APACHE COM 037411105 7818 86305.852SH SOLE 8594.000 77711.852 APPLE COMPUTER COM 037833100 9311 22991.000SH SOLE 3203.000 19788.000 APPLIED MATERIALS COM 038222105 5084 474659.616SH SOLE 82607.000 392052.616 AT&T COM 00206r102 11836 391403.724SH SOLE 42147.000 349256.724 AUTOMATIC DATA PROCESSING COM 053015103 16009 296402.729SH SOLE 28622.000 267780.729 BANK OF AMERICA COM 060505104 111 20037.131SH SOLE 20037.131 BASIC SANITATION CO OF THE ST COM 20441A102 245 4395.000 SH SOLE 2000.000 2395.000 BB&T COM 054937107 516 20484.000SH SOLE 20484.000 BED BATH & BEYOND COM 075896100 2161 37272.000SH SOLE 3745.000 33527.000 BERKSHIRE HATHAWAY CL B COM 084670702 422 5530.000 SH SOLE 5530.000 BHP BILLITON LTD COM 088606108 1554 21995.000SH SOLE 2600.000 19395.000 BLACKROCK COM 09247X101 7620 42752.000SH SOLE 4145.000 38607.000 BRISTOL MYERS SQUIBB CO COM 110122108 279 7930.000 SH SOLE 7930.000 CATERPILLAR INC COM 149123101 300 3310.000 SH SOLE 3310.000 CHARLES SCHWAB COM 808513105 7234 642495.000SH SOLE 94700.000 547795.000 CHEVRON COM 166764100 14383 135174.522SH SOLE 14156.000 121018.522 CISCO SYSTEMS COM 17275R102 5755 318291.213SH SOLE 25490.000 292801.213 COCA COLA COMPANY COM 191216100 5761 82329.958SH SOLE 2948.000 79381.958 COLGATE PALMOLIVE COM 194162103 7175 77660.771SH SOLE 10369.000 67264.771 COMMONWEALTH REIT COM 203233101 3086 185482.747SH SOLE 32697.500 152785.247 COPYTELE INC COM COM 217721109 3 25446.000SH SOLE 25446.000 CORNING COM 219350105 1765 135989.331SH SOLE 23110.000 112879.331 CVS/CAREMARK COM 126650100 10773 264169.280SH SOLE 25978.000 238191.280 CYTOMEDIX COM 23283B204 22 19600.000SH SOLE 19600.000 DISNEY (WALT) COM 254687106 12464 332360.205SH SOLE 33304.000 299056.205 DOMINION RESOURCES COM 25746u109 282 5304.012 SH SOLE 5304.012 DOVER COM 260003108 12616 217337.500SH SOLE 23471.000 193866.500 DUKE ENERGY COM 26441C105 444 20191.426SH SOLE 20191.426 E M C CORPORATION COM 268648102 3768 174944.000SH SOLE 25447.000 149497.000 EBAY COM 278642103 4411 145426.000SH SOLE 10925.000 134501.000 EMERSON ELECTRIC COM 291011104 8674 186166.999SH SOLE 13974.000 172192.999 ENSCO - ADR COM 29358Q109 7762 165421.000SH SOLE 27540.000 137881.000 EXTR@CT COM 302258108 0 258200.000SH SOLE 258200.000 EXXON MOBIL COM 30231g102 18839 222261.757SH SOLE 24018.000 198243.757 FIRST BANCORP OF INDIANA COM 31867T202 273 27296.000SH SOLE 27296.000 FLUOR COM 343412102 1429 28435.000SH SOLE 1840.000 26595.000 GENERAL DYNAMICS COM 369550108 4649 70011.483SH SOLE 14475.000 55536.483 GENERAL ELECTRIC COM 369604103 10045 560879.837SH SOLE 77504.000 483375.837 GENERAL MILLS COM 370334104 7205 178289.865SH SOLE 15665.000 162624.865 GILEAD SCIENCES COM 375558103 697 17030.000SH SOLE 1840.000 15190.000 GOOGLE COM 38259P508 4078 6314.000 SH SOLE 1049.000 5265.000 HALLIBURTON COMPANY COM 406216101 2983 86443.424SH SOLE 9630.000 76813.424 HEWLETT-PACKARD COM 428236103 4744 184178.232SH SOLE 33505.000 150673.232 HOME DEPOT COM 437076102 5698 135537.875SH SOLE 13331.000 122206.875 HUDSON CITY BANCORP COM 443683107 851 136195.045SH SOLE 13810.000 122385.045 ILLINOIS TOOL WORKS COM 452308109 7072 151401.906SH SOLE 21550.000 129851.906 INTEL COM 458140100 13737 566491.849SH SOLE 70941.000 495550.849 INTERNATIONAL BUSINESS MACHINE COM 459200101 14235 77415.961SH SOLE 6182.000 71233.961 J P MORGAN CHASE COM 46625H100 8286 249199.444SH SOLE 30208.000 218991.444 JOHNSON & JOHNSON COM 478160104 14504 221166.832SH SOLE 20342.000 200824.832 KIMBERLY-CLARK COM 494368103 4372 59436.195SH SOLE 11675.000 47761.195 KINDER MORGAN MANAGEMENT COM 49455U100 7337 93442.233SH SOLE 5274.275 88167.958 LABORATORY CORP OF AMERICA HOL COM 50540R409 3542 41198.000SH SOLE 3360.000 37838.000 LOWES COMPANIES COM 548661107 9339 367961.650SH SOLE 33728.000 334233.650 MCDONALDS CORPORATION COM 580135101 482 4809.000 SH SOLE 56.000 4753.000 MEDTRONIC COM 585055106 8896 232580.565SH SOLE 27846.000 204734.565 MERCK & COMPANY INC COM 58933Y105 419 11123.742SH SOLE 195.000 10928.742 MICROCHIP TECHNOLOGY COM 595017104 9014 246070.415SH SOLE 25064.000 221006.415 MICROSOFT COM 594918104 13241 510054.973SH SOLE 58575.000 451479.973 NEXTERA ENERGY COM 65339F101 16679 273966.620SH SOLE 27245.000 246721.620 NN INC COM 629337106 60 10000.000SH SOLE 10000.000 NORFOLK SOUTHERN CORP COM 655844108 259 3549.000 SH SOLE 3549.000 NUCOR CORP COM 670346105 1787 45171.000SH SOLE 2910.000 42261.000 ORACLE COM 68389X105 9653 376334.565SH SOLE 40602.000 335732.565 PEPSICO COM 713448108 9407 141782.218SH SOLE 17445.000 124337.218 PFIZER COM 717081103 258 11919.380SH SOLE 3644.000 8275.380 PHILIP MORRIS INTERNATIONAL COM 718172109 333 4237.526 SH SOLE 4237.526 PNC FINANCIAL SERVICES COM 693475105 6639 115120.127SH SOLE 10420.000 104700.127 POLARIS INDUSTRIES COM 731068102 1085 19380.000SH SOLE 656.000 18724.000 PROCTER & GAMBLE COM 742718109 13222 198197.458SH SOLE 18957.000 179240.458 PROGRESS ENERGY COM 743263105 439 7843.000 SH SOLE 7843.000 PRUDENTIAL FINANCIAL COM 744320102 4351 86812.147SH SOLE 13630.000 73182.147 PURESPECTRUM COM 74624D102 0 56150.000SH SOLE 56150.000 QUALCOMM COM 747525103 5497 100494.948SH SOLE 6080.000 94414.948 RAYTHEON COM 755111507 1689 34920.325SH SOLE 6665.000 28255.325 RIO TINTO - ADR COM 767204100 5991 122467.000SH SOLE 22045.000 100422.000 ROYAL BANK OF CANADA COM 780087102 311 6111.000 SH SOLE 6111.000 ROYAL DUTCH SHELL CL A ADRF COM 780259206 313 4285.000 SH SOLE 4285.000 SCANA CORP COM 80589m102 998 22139.000SH SOLE 22139.000 SEI INVESTMENTS COM 784117103 4266 245896.798SH SOLE 45034.000 200862.798 SOUTHERN CO COM 842587107 220 4755.516 SH SOLE 4755.516 SPECTRA ENERGY CORP COM 847560109 231 7524.000 SH SOLE 7524.000 ST JUDE MEDICAL COM 790849103 2839 82775.939SH SOLE 8240.000 74535.939 STAPLES COM 855030102 3728 268410.000SH SOLE 38470.000 229940.000 STRYKER COM 863667101 8622 173448.752SH SOLE 23534.000 149914.752 SYSCO COM 871829107 9902 337608.625SH SOLE 36302.000 301306.625 TAIWAN SEMICONDUCTOR SPONSORED COM 874039100 1943 150529.000SH SOLE 17650.000 132879.000 TD AMERITRADE HOLDING COM 87236Y108 3498 223510.000SH SOLE 33915.000 189595.000 TELEFONICA SA COM 879382208 4737 275563.000SH SOLE 41350.000 234213.000 TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 10291 254970.000SH SOLE 30807.000 224163.000 TEXAS INSTRUMENTS COM 882508104 3198 109869.328SH SOLE 14765.000 95104.328 THERMO FISHER SCIENTIFIC COM 883556102 980 21800.000SH SOLE 3060.000 18740.000 TIME WARNER COM 887317303 7203 199296.344SH SOLE 24715.000 174581.344 TJX COMPANIES COM 872540109 832 12888.455SH SOLE 2145.000 10743.455 TOTAL S.A. SPONSORED ADR COM 89151E109 4430 86671.000SH SOLE 11715.000 74956.000 UNITED PARCEL SERVICE - B COM 911312106 2445 33411.998SH SOLE 705.000 32706.998 UNITED TECHNOLOGIES COM 913017109 4331 59260.723SH SOLE 2161.000 57099.723 VERIZON COMMUNICATIONS COM 92343v104 249 6209.742 SH SOLE 6209.742 VISA COM 92826C839 5958 58684.412SH SOLE 3715.000 54969.412 VORNADO REALTY TRUST REIT COM 929042109 1958 25469.000SH SOLE 1830.000 23639.000 WAL-MART STORES COM 931142103 9335 156205.944SH SOLE 18149.000 138056.944 WALGREEN COM 931422109 1667 50427.598SH SOLE 4694.000 45733.598 WELLS FARGO COM 949746101 396 14371.081SH SOLE 14371.081 ZIMMER HOLDINGS COM 98956p102 3297 61727.001SH SOLE 8569.000 53158.001 ENERGY TRANSFER PARTNERS LP 29273R109 5053 110197.529SH SOLE 7240.000 102957.529 FORTRESS INVESTMENT GROUP LLC 34958B106 2819 833901.000SH SOLE 112160.000 721741.000 KINDER MORGAN ENERGY PARTNERS 494550106 1102 12972.116SH SOLE 12972.116 ISHARES DJ US FINANCIAL SECTOR UNIT TRUST (EQUI 464287788 667 13605.000SH SOLE 13605.000 ISHARES DOW JONES US TELECOM UNIT TRUST (EQUI 464287713 262 12457.000SH SOLE 4297.000 8160.000 ISHARES MSCI EAFE INDEX UNIT TRUST (EQUI 464287465 784 15822.813SH SOLE 3569.813 12253.000 ISHARES MSCI EMERGING MARKETS UNIT TRUST (EQUI 464287234 2357 62118.000SH SOLE 1950.000 60168.000 ISHARES RUSSELL 2000 INDEX UNIT TRUST (EQUI 464287655 1604 21746.439SH SOLE 1193.439 20553.000 ISHARES RUSSELL 2000 VALUE IND UNIT TRUST (EQUI 464287630 530 8073.000 SH SOLE 1005.000 7068.000 ISHARES RUSSELL MIDCAP INDEX UNIT TRUST (EQUI 464287499 1209 12281.000SH SOLE 12281.000 ISHARES S&P 500 INDEX UNIT TRUST (EQUI 464287200 568 4507.000 SH SOLE 4507.000 ISHARES S&P GLOBAL CLEAN ENERG UNIT TRUST (EQUI 464288224 133 15555.000SH SOLE 15555.000 ISHARES S&P GLOBAL TELECOMMUNI UNIT TRUST (EQUI 464287275 4756 85239.000SH SOLE 11584.000 73655.000 ISHARES S&P US PREFERRED STOCK UNIT TRUST (EQUI 464288687 572 16045.000SH SOLE 16045.000 MARKET VECTORS AGRIBUSINESS UNIT TRUST (EQUI 57060U605 311 6587.000 SH SOLE 6587.000 SPDR S&P BIOTECH UNIT TRUST (EQUI 78464A870 1726 25991.000SH SOLE 3760.000 22231.000 UTILITIES SELECT SECTOR SPDR UNIT TRUST (EQUI 81369y886 1847 51324.000SH SOLE 10500.000 40824.000 VANGUARD EMERGING MARKETS STOC UNIT TRUST (EQUI 922042858 1944 50876.014SH SOLE 6391.000 44485.014 VANGUARD TOTAL STOCK MARKET ET UNIT TRUST (EQUI 922908769 1459 22693.283SH SOLE 5835.000 16858.283 WISDOMTREE EMERGING MKTS EQUIT UNIT TRUST (EQUI 97717W315 1387 27049.844SH SOLE 1015.000 26034.844 WISDOMTREE EMERGING MKTS SMALL UNIT TRUST (EQUI 97717W281 3575 86472.226SH SOLE 15157.000 71315.226 WISDOMTREE INTL LARGE CAP DIVI UNIT TRUST (EQUI 97717W794 389 9722.000 SH SOLE 9722.000 WISDOMTREE MID CAP DIVIDEND UNIT TRUST (EQUI 97717W505 599 11509.000SH SOLE 270.000 11239.000 WISDOMTREE SMALL CAP DIVIDEND UNIT TRUST (EQUI 97717W604 1859 41416.596SH SOLE 550.000 40866.596 1/100000 WELLS FARGO PFD PFD KEK746889 0 61200.000SH SOLE 61200.000