0001398344-11-001176.txt : 20110516 0001398344-11-001176.hdr.sgml : 20110516 20110516171606 ACCESSION NUMBER: 0001398344-11-001176 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101231 FILED AS OF DATE: 20110516 DATE AS OF CHANGE: 20110516 EFFECTIVENESS DATE: 20110516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Financial Advantage, Inc. CENTRAL INDEX KEY: 0001518320 IRS NUMBER: 521534205 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14453 FILM NUMBER: 11848476 BUSINESS ADDRESS: STREET 1: 5950 SYMPHONY WOODS ROAD STREET 2: SUITE 100 CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: (410) 715-9200 MAIL ADDRESS: STREET 1: 5950 SYMPHONY WOODS ROAD STREET 2: SUITE 100 CITY: COLUMBIA STATE: MD ZIP: 21044 13F-HR 1 fp0002948_13fhr.txt 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, 2010 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: Financial Advantage, Inc. Address: 5950 Symphony Woods Road, Suite 100 Columbia, MD 21044 Form 13F File Number: 028-14453 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: Lyn Dippel Title: Vice President, CCO Phone: (410) 715-9200 Signature, Place, and Date of Signing: /s/ Lyn Dippel Columbia, MD 21044 05/16/2011 -------------- ------------------- ---------- [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).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ----------- Form 13F Information Table Entry Total: 200 ----------- Form 13F Information Table Value Total: $ 108,450 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the names(s) and Form 13F file numbers(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- -------- -------- SPDR Gold Shares Common Stock 78463V107 17,048 122,897 SH Sole 122,897 iShares S&P Tech-Software Nort Common Stock 464287515 9,142 156,482 SH Sole 156,482 Apache Corp Common Stock 037411105 6,929 58,114 SH Sole 58,114 The TJX Companies, Inc. Common Stock 872540109 6,467 145,693 SH Sole 145,693 HCC Insurance Holdings Inc. Common Stock 404132102 6,361 219,801 SH Sole 219,801 Plum Creek Timber Co. Inc. Common Stock 729251108 6,196 165,445 SH Sole 165,445 Kinder Morgan Management LLC Common Stock 49455U100 5,700 85,227 SH Sole 85,227 Northrop Grumman Common Stock 666807102 5,494 84,806 SH Sole 84,806 Cisco Systems Inc Common Stock 17275R102 4,989 246,626 SH Sole 246,626 Conagra Foods Inc Common Stock 205887102 4,964 219,820 SH Sole 219,820 Visa Inc Common Stock 92826C839 4,608 65,480 SH Sole 65,480 Enerplus Corp Common Stock 29274d604 4,428 143,586 SH Sole 143,586 Google Inc Common Stock 38259P508 3,940 6,634 SH Sole 6,634 Teva Pharm Inds Ltd ADR Common Stock 881624209 3,691 70,795 SH Sole 70,795 Duke Energy Corp Common Stock 26441C105 3,565 200,165 SH Sole 200,165 Exelon Corp Common Stock 30161N101 3,026 72,675 SH Sole 72,675 Cerner Corp Common Stock 156782104 2,367 24,981 SH Sole 24,981 Corporate Office Properties Tr Common Stock 22002T108 1,244 35,600 SH Sole 35,600 iShares S&P Tech-Multimd Ntwk Common Stock 464287531 1,000 29,830 SH Sole 29,830 United Healthcare Corp Common Stock 91324P102 466 12,903 SH Sole 12,903 Coca Cola Company Common Stock 191216100 408 6,200 SH Sole 6,200 T Rowe Price Assoc Inc Common Stock 74144T108 277 4,285 SH Sole 4,285 Exxon Mobil Corporation Common Stock 30231G102 216 2,949 SH Sole 2,949 Becton Dickinson & Co Common Stock 075887109 211 2,500 SH Sole 2,500 Conoco Phillips Common Stock 20825C104 210 3,078 SH Sole 3,078 Vanguard Short-Term Corp Bond Common Stock 92206C409 209 2,700 SH Sole 2,700 Merck & Co Inc Common Stock 58933Y105 203 5,642 SH Sole 5,642 Vanguard Interm-Term Corp Bond Common Stock 92206C870 201 2,560 SH Sole 2,560 Caterpillar Inc Common Stock 149123101 201 2,150 SH Sole 2,150 Micros Systems Inc Common Stock 594901100 177 4,028 SH Sole 4,028 Microsoft Corp Common Stock 594918104 154 5,509 SH Sole 5,509 Intl Business Machines Common Stock 459200101 145 985 SH Sole 985 Johnson & Johnson Common Stock 478160104 140 2,260 SH Sole 2,260 Procter & Gamble Co Common Stock 742718109 138 2,140 SH Sole 2,140 Aberdeen Asia-Pacific Income Common Stock 3009107 121 17,950 SH Sole 17,950 Dominion Resources Inc Common Stock 25746U109 117 2,730 SH Sole 2,730 Vanguard Total Bond Market Common Stock 921937835 113 1,410 SH Sole 1,410 Berkshire Hathaway Cl B Common Stock 084670702 106 1,325 SH Sole 1,325 Templeton Global Income Common Stock 880198106 105 9,850 SH Sole 9,850 General Electric Co Common Stock 369604103 98 5,366 SH Sole 5,366 United Technologies Corp Common Stock 913017109 98 1,240 SH Sole 1,240 Xcel Energy Inc Common Stock 98389B100 96 4,090 SH Sole 4,090 Abbott Laboratories Common Stock 002824100 90 1,885 SH Sole 1,885 Intuitive Surgical New Common Stock 46120E602 88 340 SH Sole 340 Eagle Bancorp Inc MD Common Stock 268948106 86 5,947 SH Sole 5,947 McCormick & Co Inc Common Stock 579780206 85 1,825 SH Sole 1,825 PPG Industries Inc Common Stock 693506107 84 1,000 SH Sole 1,000 Verizon Communications Common Stock 92343V104 77 2,155 SH Sole 2,155 Amer Electric Pwr Co Inc Common Stock 025537101 76 2,100 SH Sole 2,100 NextEra Energy, Inc Common Stock 65339F101 71 1,364 SH Sole 1,364 Consolidated Edison Inc Common Stock 209115104 67 1,351 SH Sole 1,351 Royal Dutch Shell PLC ADR A Common Stock 780259206 60 900 SH Sole 900 WGL Holdings Inc Common Stock 92924F106 60 1,666 SH Sole 1,666 SEI Investments Co Common Stock 784117103 59 2,500 SH Sole 2,500 Du Pont E I De Nemour&Co Common Stock 263534109 55 1,110 SH Sole 1,110 Anglo Platinum Ltd Adr Common Stock 35078104 53 3,000 SH Sole 3,000 Boulder Total Return Fd Common Stock 101541100 50 3,200 SH Sole 3,200 Qualcomm Inc Common Stock 747525103 49 1,000 SH Sole 1,000 Medtronic Inc Common Stock 585055106 48 1,290 SH Sole 1,290 Devon Energy Cp New Common Stock 25179M103 47 600 SH Sole 600 Nestle S A Reg B Adr Common Stock 641069406 47 800 SH Sole 800 The Bank of NY Mellon Corp Common Stock 064058100 47 1,550 SH Sole 1,550 Northwest Bancshares, Inc Common Stock 667340103 46 3,937 SH Sole 3,937 Archer-Daniels Midlnd Co Common Stock 039483102 46 1,534 SH Sole 1,534 Seabridge Gold Inc Common Stock 811916105 46 1,500 SH Sole 1,500 Canadian Natural Res Common Stock 136385101 44 1,000 SH Sole 1,000 Constellation Energy Co Common Stock 210371100 44 1,449 SH Sole 1,449 Nuveen NJ Prem Incm Muni Common Stock 67101N106 41 3,000 SH Sole 3,000 Apple Computer Inc Common Stock 037833100 40 125 SH Sole 125 Disney Walt Company Del Common Stock 254687106 39 1,050 SH Sole 1,050 American Express Company Common Stock 025816109 38 880 SH Sole 880 Martek Biosciences Corp Common Stock 572901106 38 1,200 SH Sole 1,200 BB&T Corporation Common Stock 054937107 37 1,400 SH Sole 1,400 Citrix Systems Inc Common Stock 177376100 34 500 SH Sole 500 Geneva Real Estate Fund Common Stock 2041872 33 1,220 SH Sole 1,220 CSX Corp Common Stock 126408103 32 500 SH Sole 500 PNC Fin Svcs Group Inc Common Stock 693475105 32 531 SH Sole 531 Harris Corporation Common Stock 413875105 32 700 SH Sole 700 Deere & Co Common Stock 244199105 30 365 SH Sole 365 United Parcel Service B Common Stock 911312106 30 407 SH Sole 407 Fulton Financial Corp Common Stock 360271100 29 2,800 SH Sole 2,800 Intel Corp Common Stock 458140100 28 1,310 SH Sole 1,310 National Fuel Gas Co Common Stock 636180101 26 390 SH Sole 390 Equitable Cos Inc Common Stock 26884L109 25 550 SH Sole 550 Wells Fargo & Company Common Stock 949746101 24 772 SH Sole 772 Valero Energy Corp New Common Stock 91913Y100 23 1,000 SH Sole 1,000 Emerson Electric Co Common Stock 291011104 23 400 SH Sole 400 Oracle Corp Common Stock 68389X105 22 700 SH Sole 700 Harley Davidson Inc Common Stock 412822108 22 629 SH Sole 629 Symantec Corp Common Stock 871503108 20 1,200 SH Sole 1,200 Spectra Energy Common Stock 847560109 20 800 SH Sole 800 Sigma Aldrich Corp Common Stock 826552101 20 300 SH Sole 300 3M Company Common Stock 88579Y101 19 225 SH Sole 225 Ford Motor Company New Common Stock 345370860 19 1,135 SH Sole 1,135 General Mills Inc Common Stock 370334104 19 520 SH Sole 520 Norfolk Southern Corp Common Stock 655844108 18 293 SH Sole 293 Myriad Genetics Inc Common Stock 62855J104 18 800 SH Sole 800 Pioneer SW Engy Ptnrs Lp Common Stock 72388B106 18 600 SH Sole 600 Annaly Capital Mgmt Common Stock 035710409 18 1,000 SH Sole 1,000 Netflix Inc Common Stock 64110L106 18 100 SH Sole 100 ProShares Short Regional Banki Common Stock 74347X476 17 300 SH Sole 300 Home Properties Inc Common Stock 437306103 17 300 SH Sole 300 Host Hotels & Resorts Inc. Common Stock 44107P104 16 909 SH Sole 909 JP Morgan Chase & Co Common Stock 46625H100 16 372 SH Sole 372 Medco Health Solutions Common Stock 58405U102 15 250 SH Sole 250 Polymet Mining Corp Common Stock 731916102 15 6,220 SH Sole 6,220 Eaton Vance Sr Fl Rt Tr Common Stock 27828Q105 15 915 SH Sole 915 SunTrust Banks, Inc. Common Stock 867914103 15 500 SH Sole 500 Allete Inc New Common Stock 18522300 15 393 SH Sole 393 Duluth Metals Ltd Common Stock 26443R100 15 5,000 SH Sole 5,000 ProShares UltraShort S&P 500 Common Stock 74347R883 14 600 SH Sole 600 Ensco International Inc Common Stock 29358Q109 13 250 SH Sole 250 Reservoir Capital Corp Common Stock 761125103 13 7,000 SH Sole 7,000 Uil Holdings Co Common Stock 902748102 12 416 SH Sole 416 Newmont Mining Corp Common Stock 651639106 12 200 SH Sole 200 Bristol-Myers Squibb Co Common Stock 110122108 12 450 SH Sole 450 Statoilhydro Asa Adr Common Stock 85771P102 12 500 SH Sole 500 Under Armour Inc Cl A Common Stock 904311107 12 210 SH Sole 210 Harsco Corporation Common Stock 415864107 11 400 SH Sole 400 iShares MSCI Brazil Indx Common Stock 464286400 11 139 SH Sole 139 Zimmer Holdings Inc Common Stock 98956P102 11 200 SH Sole 200 Kraft Foods Common Stock 50075N104 11 335 SH Sole 335 Brookfield Asset Mgmt Common Stock 112585104 10 300 SH Sole 300 Federal Realty Inv Tr Common Stock 313747206 10 124 SH Sole 124 Dow Chemical Company Common Stock 260543103 10 280 SH Sole 280 Kimberly Clark Corp Common Stock 494368103 9 150 SH Sole 150 iShares Silver TRUST Common Stock 46428Q109 9 300 SH Sole 300 Pepsico Incorporated Common Stock 713448108 9 135 SH Sole 135 CARBO Ceramics Inc. Common Stock 140781105 8 80 SH Sole 80 Kingold Jewelry Inc Common Stock 49579A204 8 2,000 SH Sole 2,000 Preferred Income Fd Inc Common Stock 338480106 8 700 SH Sole 700 ProShares UltraShort Dow30 Common Stock 74347R867 8 390 SH Sole 390 Pfizer Incorporated Common Stock 717081103 8 460 SH Sole 460 Walgreen Company Common Stock 931422109 8 200 SH Sole 200 Anadarko Petroleum Corp Common Stock 032511107 8 100 SH Sole 100 Barrick Gold Corp Common Stock 067901108 7 140 SH Sole 140 Market Vectors Gold Miners ETF Common Stock 57060U100 7 120 SH Sole 120 Costco Whsl Corp New Common Stock 22160K105 7 100 SH Sole 100 Human Genome Sciences Common Stock 444903108 7 300 SH Sole 300 Progress Energy Inc Common Stock 743263105 7 154 SH Sole 154 PowerShares Dynamic Biotech & Common Stock 73935X856 7 300 SH Sole 300 Mylan Laboratories Inc Common Stock 628530107 6 300 SH Sole 300 Hewlett-Packard Company Common Stock 428236103 6 150 SH Sole 150 Monsanto Co New Del Common Stock 61166W101 6 90 SH Sole 90 Take-Two Interactive Software Common Stock 874054109 6 500 SH Sole 500 A E S Corp Common Stock 00130H105 6 500 SH Sole 500 Target Corp Common Stock 87612E106 6 100 SH Sole 100 Celgene Corp Common Stock 151020104 6 100 SH Sole 100 Silver Wheaton Corp Common Stock 828336107 6 150 SH Sole 150 WisdomTree Japan Small cap Di Common Stock 97717W836 6 130 SH Sole 130 Pioneer Natural Res Co Common Stock 723787107 6 65 SH Sole 65 Applied Materials Inc Common Stock 038222105 6 400 SH Sole 400 Alcoa Inc Common Stock 013817101 6 360 SH Sole 360 First Tr Dow Jones Sel MicroCa Common Stock 33718M105 6 250 SH Sole 250 Dorchester Minerals LP Common Stock 25820R105 5 200 SH Sole 200 Fidelity National Financial, I Common Stock 31620R105 5 400 SH Sole 400 Sinopharm Group Co Ord Common Stock Y8008N107 5 1,500 SH Sole 1,500 Medifast Inc Common Stock 58470H101 5 180 SH Sole 180 ProShares UltraShort Euro Common Stock 74347W882 5 250 SH Sole 250 Frontier Communications Corp C Common Stock 35906A108 5 517 SH Sole 517 Chevrontexaco Corp Common Stock 166764100 5 54 SH Sole 54 Interoil Corp Common Stock 460951106 5 65 SH Sole 65 ProShares Short Dow 30 Common Stock 74347R701 4 100 SH Sole 100 Rowan Companies Inc Common Stock 779382100 4 125 SH Sole 125 Block H&R Incorporated Common Stock 093671105 4 364 SH Sole 364 Covidien Ltd Common Stock G2554F113 4 93 SH Sole 93 SAIC Inc Common Stock 78390X101 4 263 SH Sole 263 Cheesecake Factory Inc Common Stock 163072101 4 126 SH Sole 126 Tyco Intl Ltd New Common Stock H89128104 4 93 SH Sole 93 AT&T Corp Common Stock 00206R102 4 124 SH Sole 124 Nike Inc Class B Common Stock 654106103 3 40 SH Sole 40 Curtiss Wright Corp Common Stock 231561101 3 100 SH Sole 100 Nipsco Industries Inc Common Stock 65473P105 3 187 SH Sole 187 CarMax Inc. Common Stock 143130102 3 100 SH Sole 100 Piedmont Office Realty Trust Common Stock 720190503 3 150 SH Sole 150 Intl Rectifier Corp Common Stock 460254105 3 100 SH Sole 100 Boeing Co Common Stock 097023105 3 45 SH Sole 45 Goldman Sachs Group Inc Common Stock 38141G104 3 17 SH Sole 17 Ebay Common Stock 278642103 3 100 SH Sole 100 ProShares UltraShort Gold Common Stock 74347W700 3 100 SH Sole 100 Ciena Corp Common Stock 171779309 3 128 SH Sole 128 Arm Holdings Plc Adr Common Stock 42068106 3 125 SH Sole 125 Sears Holdings Corp Common Stock 812350106 3 35 SH Sole 35 Franconia Minerals Corp Common Stock 35186P205 3 3,000 SH Sole 3,000 BankAmerica Corp Common Stock 060505104 2 173 SH Sole 173 E M C Corp Mass Common Stock 268648102 2 100 SH Sole 100 Northeast Utilities Common Stock 664397106 2 71 SH Sole 71 Advanced Cell Technology Common Stock 00752K105 2 10,000 SH Sole 10,000 Chesapeake Energy Corp Common Stock 165167107 2 77 SH Sole 77 Mc Cormick & Co Inc Vtg Common Stock 579780107 2 40 SH Sole 40 Amazon Com Inc Common Stock 023135106 2 10 SH Sole 10 ThermoGenesis Corp Common Stock 883623308 2 500 SH Sole 500 Qinetiq Group Plc Adr Common Stock 74732F106 2 200 SH Sole 200 JM Smuckers Co New Common Stock 832696405 2 24 SH Sole 24 Owens Illinois Inc Common Stock 690768403 2 50 SH Sole 50 Deerfield Capital Corp Common Stock 244331104 1 230 SH Sole 230 Gold American Mining Corp Common Stock 380481101 1 5,500 SH Sole 5,500 Rite Aid Corporation Common Stock 767754104 1 1,500 SH Sole 1,500 Morgan Stanley Common Stock 617446448 1 45 SH Sole 45 Icon Income Fund Eight-B Common Stock 2234848 1 104 SH Sole 104