0000950123-11-050830.txt : 20110516
0000950123-11-050830.hdr.sgml : 20110516
20110516164601
ACCESSION NUMBER: 0000950123-11-050830
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110331
FILED AS OF DATE: 20110516
DATE AS OF CHANGE: 20110516
EFFECTIVENESS DATE: 20110516
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: TCTC Holdings, LLC
CENTRAL INDEX KEY: 0001483870
IRS NUMBER: 800500233
STATE OF INCORPORATION: TX
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-13830
FILM NUMBER: 11847794
BUSINESS ADDRESS:
STREET 1: 2626 COLE AVENUE
STREET 2: SUITE 705
CITY: DALLAS
STATE: TX
ZIP: 75204
BUSINESS PHONE: 2144680104
MAIL ADDRESS:
STREET 1: 2626 COLE AVENUE
STREET 2: SUITE 705
CITY: DALLAS
STATE: TX
ZIP: 75204
13F-HR
1
c17015e13fvhr.txt
13F-HR
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: March 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: TCTC Holdings, LLC
Address: 2626 Cole Avenue
Suite 705
Dallas, Texas 75204
Form 13F File Number: 028-13830
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: R. Kevin Hardage
Title: Manager and Chief Compliance Officer
Phone: (214) 468-0104
Signature, Place, and Date of Signing:
/s/ R. Kevin Hardage Dallas, TX May 16, 2011
------------------------------------- ------------- ------------
(Signature) (City, State) (Date)
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting 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).)
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 225
Form 13F Information Table Value Total: 1,174,555 (thousands)
List of Other Included Managers:
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.
No. Form 13F File Number Name
--- -------------------- ----
1 028-12874 Turtle Creek Management, LLC
2 028-13831 Turtle Creek Trust Company
Explanatory Note:
Turtle Creek Management, LLC ("TCM") and Turtle Creek Trust Company ("TCT Co")
hereby advise that TCTC Holdings, LLC may be deemed to have investment
discretion for both TCM and TCT Co, for purposes of Rule 13f-1(b) of the
Securities Exchange Act of 1934, over certain 13(f) securities for which TCM and
TCT Co exercise direct control.
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
---------------------------- ---------------- --------- -------- ------------------ ---------- -------- ------------------------
VOTING AUTHORITY
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ------------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
---------------------------- ---------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ -------
3M CO COM 88579Y101 1,644 17,584 SH DEFINED 1 17,584
3M CO COM 88579Y101 9,350 100,000 SH DEFINED 2 100,000
ABBOTT LABS COM 002824100 2,844 57,973 SH DEFINED 1 57,973
ABBOTT LABS COM 002824100 1,452 29,600 SH DEFINED 2 29,600
ABM INDS INC COM 000957100 274 10,800 SH DEFINED 1 10,800
ADOBE SYS INC COM 00724F101 208 6,270 SH DEFINED 1 6,270
AFLAC INC COM 001055102 1,448 27,437 SH DEFINED 1 27,437
AFLAC INC COM 001055102 17,233 326,500 SH DEFINED 2 326,500
AIR PRODS & CHEMS INC COM 009158106 411 4,562 SH DEFINED 1 4,562
ALLERGAN INC COM 018490102 1,270 17,884 SH DEFINED 1 17,884
ALTRIA GROUP INC COM 02209S103 1,028 39,499 SH DEFINED 1 39,499
ALTRIA GROUP INC COM 02209S103 8,668 333,000 SH DEFINED 2 333,000
AMAZON COM INC COM 023135106 362 2,008 SH DEFINED 1 2,008
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 4,600 79,167 SH DEFINED 1 79,167
AMERICAN EXPRESS CO COM 025816109 239 5,290 SH DEFINED 1 5,290
AMERICAN INTL GROUP INC COM NEW 026874784 1 22 SH DEFINED 1 22
AMERICAN INTL GROUP INC COM NEW 026874784 264 7,500 SH DEFINED 2 7,500
AMGEN INC COM 031162100 957 17,900 SH DEFINED 1 17,900
ANADARKO PETE CORP COM 032511107 2,160 26,362 SH DEFINED 1 26,362
AON CORP COM 037389103 6,355 120,000 SH DEFINED 2 120,000
APACHE CORP COM 037411105 882 6,735 SH DEFINED 1 6,735
APPLE INC COM 037833100 803 2,304 SH DEFINED 1 2,304
AT&T INC COM 00206R102 4,092 133,668 SH DEFINED 1 133,668
AT&T INC COM 00206R102 6,306 206,000 SH DEFINED 2 206,000
ATMOS ENERGY CORP COM 049560105 413 12,100 SH DEFINED 1 12,100
AUTOMATIC DATA PROCESSING IN COM 053015103 3,317 64,646 SH DEFINED 1 64,646
AUTOMATIC DATA PROCESSING IN COM 053015103 1,970 38,400 SH DEFINED 2 38,400
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 125 10,400 SH DEFINED 1 10,400
BANK OF AMERICA CORPORATION COM 060505104 955 71,660 SH DEFINED 1 71,660
BANK OF AMERICA CORPORATION COM 060505104 5,199 390,000 SH DEFINED 2 390,000
BAYTEX ENERGY CORP COM 07317Q105 687 11,775 SH DEFINED 1 11,775
BECTON DICKINSON & CO COM 075887109 346 4,350 SH DEFINED 1 4,350
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 7,636 91,305 SH DEFINED 1 91,305
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4,236 50,650 SH DEFINED 2 50,650
BP PLC SPONSORED ADR 055622104 1,081 24,494 SH DEFINED 1 24,494
BP PLC SPONSORED ADR 055622104 221 5,000 SH DEFINED 2 5,000
BRISTOL MYERS SQUIBB CO COM 110122108 97 3,680 SH DEFINED 1 3,680
BRISTOL MYERS SQUIBB CO COM 110122108 7,929 300,000 SH DEFINED 2 300,000
CA INC COM 12673P105 10,156 420,000 SH DEFINED 2 420,000
CAMERON INTERNATIONAL CORP COM 13342B105 1,405 24,600 SH DEFINED 1 24,600
CAMERON INTERNATIONAL CORP COM 13342B105 3,590 62,880 SH DEFINED 2 62,880
CARBO CERAMICS INC COM 140781105 1,789 12,675 SH DEFINED 1 12,675
CHESAPEAKE ENERGY CORP COM 165167107 277 8,250 SH DEFINED 1 8,250
CHEVRON CORP NEW COM 166764100 599 5,575 SH DEFINED 1 5,575
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
---------------------------- ---------------- --------- -------- ------------------ ---------- -------- ------------------------
VOTING AUTHORITY
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ------------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
---------------------------- ---------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ -------
CHUBB CORP COM 171232101 2,523 41,144 SH DEFINED 1 41,144
CHUBB CORP COM 171232101 21,998 358,800 SH DEFINED 2 358,800
CISCO SYS INC COM 17275R102 3,609 210,452 SH DEFINED 1 210,452
CISCO SYS INC COM 17275R102 343 20,000 SH DEFINED 2 20,000
CITIGROUP INC COM 172967101 95 21,449 SH DEFINED 1 21,449
COCA COLA CO COM 191216100 943 14,222 SH DEFINED 1 14,222
COCA COLA CO COM 191216100 3,422 51,588 SH DEFINED 2 51,588
COLGATE PALMOLIVE CO COM 194162103 366 4,533 SH DEFINED 1 4,533
COMCAST CORP NEW CL A 20030N101 170 6,872 SH DEFINED 1 6,872
COMCAST CORP NEW CL A 20030N101 4,126 166,900 SH DEFINED 2 166,900
CONOCOPHILLIPS COM 20825C104 2,779 34,796 SH DEFINED 1 34,796
CONOCOPHILLIPS COM 20825C104 18,048 226,000 SH DEFINED 2 226,000
COSTCO WHSL CORP NEW COM 22160K105 1,672 22,810 SH DEFINED 1 22,810
COSTCO WHSL CORP NEW COM 22160K105 3,353 45,725 SH DEFINED 2 45,725
CULLEN FROST BANKERS INC COM 229899109 2,597 44,010 SH DEFINED 1 44,010
CULLEN FROST BANKERS INC COM 229899109 3,748 63,500 SH DEFINED 2 63,500
CUSHING MLP TOTAL RETURN FD COM SHS 231631102 4,417 407,084 SH DEFINED 1 407,084
CUSHING MLP TOTAL RETURN FD COM SHS 231631102 130 12,000 SH DEFINED 2 12,000
CVS CAREMARK CORPORATION COM 126650100 3,375 98,351 SH DEFINED 1 98,351
DELL INC COM 24702R101 539 37,130 SH DEFINED 1 37,130
DELL INC COM 24702R101 6,923 477,113 SH DEFINED 2 477,113
DEVON ENERGY CORP NEW COM 25179M103 6,027 65,674 SH DEFINED 1 65,674
DEVON ENERGY CORP NEW COM 25179M103 2,716 29,600 SH DEFINED 2 29,600
DIAGEO P L C SPON ADR NEW 25243Q205 1,177 15,440 SH DEFINED 1 15,440
DIAGEO P L C SPON ADR NEW 25243Q205 3,228 42,350 SH DEFINED 2 42,350
DIEBOLD INC COM 253651103 209 5,900 SH DEFINED 1 5,900
DISNEY WALT CO COM DISNEY 254687106 350 8,133 SH DEFINED 1 8,133
DOMINION RES INC VA NEW COM 25746U109 699 15,642 SH DEFINED 1 15,642
DOVER CORP COM 260003108 230 3,500 SH DEFINED 1 3,500
DR PEPPER SNAPPLE GROUP INC COM 26138E109 640 17,214 SH DEFINED 1 17,214
DUKE REALTY CORP COM NEW 264411505 832 59,354 SH DEFINED 1 59,354
E M C CORP MASS COM 268648102 215 8,100 SH DEFINED 1 8,100
EBAY INC COM 278642103 3,584 115,475 SH DEFINED 2 115,475
ECOLAB INC COM 278865100 1,013 19,850 SH DEFINED 2 19,850
EL PASO CORP COM 28336L109 261 14,507 SH DEFINED 1 14,507
EL PASO CORP COM 28336L109 6,480 360,000 SH DEFINED 2 360,000
EMERSON ELEC CO COM 291011104 4,776 81,741 SH DEFINED 1 81,741
EMERSON ELEC CO COM 291011104 117 2,000 SH DEFINED 2 2,000
ENDO PHARMACEUTICALS HLDGS I COM 29264F205 4,069 106,633 SH DEFINED 1 106,633
ENTERGY CORP NEW COM 29364G103 546 8,125 SH DEFINED 1 8,125
EOG RES INC COM 26875P101 438 3,700 SH DEFINED 2 3,700
EVEREST RE GROUP LTD COM G3223R108 317 3,600 SH DEFINED 1 3,600
EVEREST RE GROUP LTD COM G3223R108 5,361 60,800 SH DEFINED 2 60,800
EXXON MOBIL CORP COM 30231G102 9,157 108,838 SH DEFINED 1 108,838
EXXON MOBIL CORP COM 30231G102 3,395 40,359 SH DEFINED 2 40,359
FEI CO COM 30241L109 1,186 35,166 SH DEFINED 1 35,166
FLUOR CORP NEW COM 343412102 4,575 62,111 SH DEFINED 1 62,111
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
---------------------------- ---------------- --------- -------- ------------------ ---------- -------- ------------------------
VOTING AUTHORITY
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ------------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
---------------------------- ---------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ -------
FLUOR CORP NEW COM 343412102 7,403 100,500 SH DEFINED 2 100,500
FORD MTR CO DEL COM PAR $0.01 345370860 149 10,000 SH DEFINED 1 10,000
GENERAL DYNAMICS CORP COM 369550108 260 3,400 SH DEFINED 1 3,400
GENERAL ELECTRIC CO COM 369604103 3,300 164,576 SH DEFINED 1 164,576
GENERAL ELECTRIC CO COM 369604103 9,022 450,000 SH DEFINED 2 450,000
GENUINE PARTS CO COM 372460105 220 4,100 SH DEFINED 1 4,100
GOLDMAN SACHS GROUP INC COM 38141G104 448 2,825 SH DEFINED 1 2,825
GOOGLE INC CL A 38259P508 451 769 SH DEFINED 1 769
GRAINGER W W INC COM 384802104 76 550 SH DEFINED 1 550
GRAINGER W W INC COM 384802104 582 4,225 SH DEFINED 2 4,225
HEADWATERS INC COM 42210P102 373 63,173 SH DEFINED 1 63,173
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 4,060 236,034 SH DEFINED 1 236,034
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 705 41,000 SH DEFINED 2 41,000
HEWLETT PACKARD CO COM 428236103 632 15,434 SH DEFINED 1 15,434
HOLLY CORP COM PAR $0.01 435758305 28,029 461,300 SH DEFINED 1 461,300
HOLLY CORP COM PAR $0.01 435758305 434,887 7,157,449 SH DEFINED 2 7,157,449
ILLUMINA INC COM 452327109 202 2,880 SH DEFINED 1 2,880
INTEL CORP COM 458140100 3,579 177,348 SH DEFINED 1 177,348
INTEL CORP COM 458140100 7,695 381,300 SH DEFINED 2 381,300
INTERNATIONAL BUSINESS MACHS COM 459200101 3,090 18,950 SH DEFINED 1 18,950
INTERNATIONAL BUSINESS MACHS COM 459200101 58,200 356,900 SH DEFINED 2 356,900
INTUITIVE SURGICAL INC COM NEW 46120E602 248 745 SH DEFINED 1 745
ISHARES INC MSCI JAPAN 464286848 334 32,400 SH DEFINED 1 32,400
ISHARES INC MSCI PAC J IDX 464286665 2,404 49,763 SH DEFINED 1 49,763
ISHARES INC MSCI PAC J IDX 464286665 121 2,500 SH DEFINED 2 2,500
ISHARES TR BARCLYS 1-3YR CR 464288646 8,740 83,685 SH DEFINED 1 83,685
ISHARES TR BARCLYS 1-3YR CR 464288646 585 5,600 SH DEFINED 2 5,600
ISHARES TR BARCLYS TIPS BD 464287176 8,353 76,524 SH DEFINED 1 76,524
ISHARES TR BARCLYS TIPS BD 464287176 705 6,460 SH DEFINED 2 6,460
ISHARES TR RUSL 2000 VALU 464287630 456 6,052 SH DEFINED 1 6,052
ISHARES TR S&P MIDCAP 400 464287507 208 2,105 SH DEFINED 1 2,105
ISHARES TR S&P SMLCAP 600 464287804 438 5,960 SH DEFINED 1 5,960
ISHARES TR FTSE CHINA25 IDX 464287184 2,919 64,995 SH DEFINED 1 64,995
ISHARES TR FTSE CHINA25 IDX 464287184 45 1,000 SH DEFINED 2 1,000
ISHARES TR MSCI EAFE INDEX 464287465 609 10,133 SH DEFINED 1 10,133
ISHARES TR MSCI EMERG MKT 464287234 1,590 32,667 SH DEFINED 1 32,667
JOHNSON & JOHNSON COM 478160104 2,190 36,968 SH DEFINED 1 36,968
JOHNSON & JOHNSON COM 478160104 2,134 36,015 SH DEFINED 2 36,015
JOS A BANK CLOTHIERS INC COM 480838101 1,703 33,477 SH DEFINED 1 33,477
JPMORGAN CHASE & CO COM 46625H100 3,075 66,702 SH DEFINED 1 66,702
JPMORGAN CHASE & CO COM 46625H100 13,922 302,000 SH DEFINED 2 302,000
KAYNE ANDERSON MLP INVSMNT C COM 486606106 196 6,000 SH DEFINED 1 6,000
KAYNE ANDERSON MLP INVSMNT C COM 486606106 131 4,000 SH DEFINED 2 4,000
KIMBERLY CLARK CORP COM 494368103 257 3,935 SH DEFINED 1 3,935
KRAFT FOODS INC CL A 50075N104 628 20,041 SH DEFINED 1 20,041
KRAFT FOODS INC CL A 50075N104 5,701 181,798 SH DEFINED 2 181,798
L-3 COMMUNICATIONS HLDGS INC COM 502424104 1,642 20,974 SH DEFINED 1 20,974
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
---------------------------- ---------------- --------- -------- ------------------ ---------- -------- ------------------------
VOTING AUTHORITY
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ------------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
---------------------------- ---------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ -------
L-3 COMMUNICATIONS HLDGS INC COM 502424104 838 10,700 SH DEFINED 2 10,700
LIBERTY GLOBAL INC COM SER A 530555101 174 4,200 SH DEFINED 1 4,200
LIBERTY GLOBAL INC COM SER A 530555101 323 7,800 SH DEFINED 2 7,800
LIBERTY GLOBAL INC COM SER C 530555309 392 9,800 SH DEFINED 2 9,800
LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 60 3,750 SH DEFINED 1 3,750
LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 2,017 125,775 SH DEFINED 2 125,775
LOWES COS INC COM 548661107 4,610 174,428 SH DEFINED 1 174,428
LOWES COS INC COM 548661107 132 5,000 SH DEFINED 2 5,000
MAXIM INTEGRATED PRODS INC COM 57772K101 1,310 51,177 SH DEFINED 1 51,177
MCDONALDS CORP COM 580135101 255 3,356 SH DEFINED 1 3,356
MEDTRONIC INC COM 585055106 3,772 95,848 SH DEFINED 1 95,848
MERCK & CO INC NEW COM 58933Y105 623 18,867 SH DEFINED 1 18,867
MERCK & CO INC NEW COM 58933Y105 4,621 140,000 SH DEFINED 2 140,000
MICROSOFT CORP COM 594918104 3,868 152,362 SH DEFINED 1 152,362
MICROSOFT CORP COM 594918104 9,892 389,600 SH DEFINED 2 389,600
NATIONAL OILWELL VARCO INC COM 637071101 283 3,572 SH DEFINED 1 3,572
NEXTERA ENERGY INC COM 65339F101 3,690 66,950 SH DEFINED 1 66,950
NEXTERA ENERGY INC COM 65339F101 1,797 32,600 SH DEFINED 2 32,600
NOVARTIS A G SPONSORED ADR 66987V109 3,847 70,785 SH DEFINED 1 70,785
NOVARTIS A G SPONSORED ADR 66987V109 19,308 355,250 SH DEFINED 2 355,250
OCCIDENTAL PETE CORP DEL COM 674599105 4,884 46,739 SH DEFINED 1 46,739
OCCIDENTAL PETE CORP DEL COM 674599105 13,103 125,400 SH DEFINED 2 125,400
OLD REP INTL CORP COM 680223104 1,407 110,900 SH DEFINED 1 110,900
OLD REP INTL CORP COM 680223104 8,853 697,628 SH DEFINED 2 697,628
ONLINE RES CORP COM 68273G101 613 162,100 SH DEFINED 1 162,100
PEPSICO INC COM 713448108 3,794 58,906 SH DEFINED 1 58,906
PEPSICO INC COM 713448108 10,089 156,635 SH DEFINED 2 156,635
PFIZER INC COM 717081103 3,888 191,414 SH DEFINED 1 191,414
PFIZER INC COM 717081103 17,081 841,000 SH DEFINED 2 841,000
PHILIP MORRIS INTL INC COM 718172109 965 14,705 SH DEFINED 1 14,705
PHILIP MORRIS INTL INC COM 718172109 10,809 164,700 SH DEFINED 2 164,700
PLUM CREEK TIMBER CO INC COM 729251108 216 4,950 SH DEFINED 1 4,950
PRAXAIR INC COM 74005P104 3,657 35,998 SH DEFINED 1 35,998
PRAXAIR INC COM 74005P104 11,684 115,000 SH DEFINED 2 115,000
PRICE T ROWE GROUP INC COM 74144T108 4,137 62,291 SH DEFINED 1 62,291
PROCTER & GAMBLE CO COM 742718109 2,640 42,853 SH DEFINED 1 42,853
PROCTER & GAMBLE CO COM 742718109 702 11,391 SH DEFINED 2 11,391
PROSHARES TR PSHS ULTSH 20YRS 74347R297 247 6,600 SH DEFINED 1 6,600
QUALCOMM INC COM 747525103 291 5,305 SH DEFINED 1 5,305
REGIONS FINANCIAL CORP NEW COM 7591EP100 73 10,000 SH DEFINED 1 10,000
REGIONS FINANCIAL CORP NEW COM 7591EP100 868 119,610 SH DEFINED 2 119,610
RENAISSANCERE HOLDINGS LTD COM G7496G103 10,348 150,000 SH DEFINED 2 150,000
RETRACTABLE TECHNOLOGIES INC COM 76129W105 30 18,000 SH DEFINED 1 18,000
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 274 3,760 SH DEFINED 1 3,760
SALESFORCE COM INC COM 79466L302 328 2,455 SH DEFINED 1 2,455
SCHLUMBERGER LTD COM 806857108 1,757 18,841 SH DEFINED 1 18,841
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 333 4,180 SH DEFINED 1 4,180
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
---------------------------- ---------------- --------- -------- ------------------ ---------- -------- ------------------------
VOTING AUTHORITY
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ------------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
---------------------------- ---------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ -------
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 379 11,900 SH DEFINED 1 11,900
SERVICE CORP INTL COM 817565104 387 35,000 SH DEFINED 1 35,000
SONOCO PRODS CO COM 835495102 261 7,200 SH DEFINED 1 7,200
SOUTHERN CO COM 842587107 444 11,650 SH DEFINED 1 11,650
SOUTHWEST AIRLS CO COM 844741108 1,999 158,309 SH DEFINED 1 158,309
SOUTHWESTERN ENERGY CO COM 845467109 295 6,870 SH DEFINED 1 6,870
STRYKER CORP COM 863667101 1,202 19,767 SH DEFINED 1 19,767
SYSCO CORP COM 871829107 1,435 51,799 SH DEFINED 1 51,799
TARGET CORP COM 87612E106 2,065 41,282 SH DEFINED 1 41,282
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 5,234 104,330 SH DEFINED 1 104,330
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 1,440 28,700 SH DEFINED 2 28,700
TEXAS INSTRS INC COM 882508104 1,378 39,863 SH DEFINED 1 39,863
TEXAS INSTRS INC COM 882508104 242 7,000 SH DEFINED 2 7,000
TIFFANY & CO NEW COM 886547108 1,532 24,930 SH DEFINED 1 24,930
TYLER TECHNOLOGIES INC COM 902252105 237 10,000 SH DEFINED 1 10,000
UNITED PARCEL SERVICE INC CL B 911312106 1,295 17,422 SH DEFINED 1 17,422
UNITED TECHNOLOGIES CORP COM 913017109 2,034 24,030 SH DEFINED 1 24,030
US BANCORP DEL COM NEW 902973304 108 4,075 SH DEFINED 1 4,075
US BANCORP DEL COM NEW 902973304 2,304 87,190 SH DEFINED 2 87,190
VALERO ENERGY CORP NEW COM 91913Y100 271 9,075 SH DEFINED 1 9,075
VALERO ENERGY CORP NEW COM 91913Y100 895 30,000 SH DEFINED 2 30,000
VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 206 4,200 SH DEFINED 1 4,200
VERIZON COMMUNICATIONS INC COM 92343V104 795 20,617 SH DEFINED 1 20,617
VIACOM INC NEW CL B 92553P201 255 5,474 SH DEFINED 1 5,474
VISA INC COM CL A 92826C839 224 3,045 SH DEFINED 1 3,045
VULCAN MATLS CO COM 929160109 931 20,425 SH DEFINED 2 20,425
WAL MART STORES INC COM 931142103 2,307 44,324 SH DEFINED 1 44,324
WAL MART STORES INC COM 931142103 3,379 64,910 SH DEFINED 2 64,910
WALGREEN CO COM 931422109 180 4,475 SH DEFINED 1 4,475
WALGREEN CO COM 931422109 11,499 286,475 SH DEFINED 2 286,475
WASTE MGMT INC DEL COM 94106L109 4,905 131,350 SH DEFINED 1 131,350
WASTE MGMT INC DEL COM 94106L109 18,579 497,575 SH DEFINED 2 497,575
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 3,616 159,993 SH DEFINED 1 159,993
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 633 28,000 SH DEFINED 2 28,000
WELLS FARGO & CO NEW COM 949746101 232 7,325 SH DEFINED 1 7,325
WESTERN UN CO COM 959802109 2,092 100,715 SH DEFINED 1 100,715
WESTERN UN CO COM 959802109 6,231 300,000 SH DEFINED 2 300,000
WILLIAMS COS INC DEL COM 969457100 3,449 110,600 SH DEFINED 1 110,600
WILLIAMS COS INC DEL COM 969457100 19,749 633,400 SH DEFINED 2 633,400
ZIMMER HLDGS INC COM 98956P102 623 10,300 SH DEFINED 1 10,300