0001398344-11-001883.txt : 20110818 0001398344-11-001883.hdr.sgml : 20110818 20110818153603 ACCESSION NUMBER: 0001398344-11-001883 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110818 DATE AS OF CHANGE: 20110818 EFFECTIVENESS DATE: 20110818 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: 111044863 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 fp0003332_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: June 30, 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: 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 August 18, 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: 219 ----------- Form 13F Information Table Value Total: $ 92,179 ----------- (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 TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ------------------- NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------------------------- ---------------- --------- ----------- ----------- --- ---- ---------- -------- ---- ------ ------- SPDR GOLD TRUST GOLD SHS 78463V107 19,026 111,936 SH Sole 111,936 PLUM CREEK TIMBER CO INC COM 729251108 5,640 156,890 SH Sole 156,890 KINDER MORGAN MANAGEMENT LLC SHS 49455U100 5,184 86,315 SH Sole 86,315 VISA INC COM CL A 92826C839 4,882 58,235 SH Sole 58,235 CISCO SYS INC COM 17275R102 4,507 281,866 SH Sole 281,866 ISHARES TR S&P NA SOFTWR 464287515 4,486 84,462 SH Sole 84,462 HCC INS HLDGS INC COM 404132102 4,429 163,730 SH Sole 163,730 TJX COS INC NEW COM 872540109 4,352 80,753 SH Sole 80,753 NORTHROP GRUMMAN CORP COM 666807102 4,181 80,571 SH Sole 80,571 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 3,866 97,370 SH Sole 97,370 DUKE ENERGY CORP NEW COM 26441C105 3,370 189,105 SH Sole 189,105 GOOGLE INC CL A 38259P508 3,153 5,592 SH Sole 5,592 EXELON CORP COM 30161N101 2,860 70,245 SH Sole 70,245 ROYAL GOLD INC COM 780287108 2,836 41,520 SH Sole 41,520 APACHE CORP COM 37411105 2,812 27,253 SH Sole 27,253 ENERPLUS CORP COM 292766102 2,625 91,669 SH Sole 91,669 3M CO COM 88579Y101 2,088 25,300 SH Sole 25,300 DEVON ENERGY CORP NEW COM 25179M103 1,740 25,585 SH Sole 25,585 ISHARES GOLD TRUST ISHARES 464285105 1,555 91,280 SH Sole 91,280 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 902 28,510 SH Sole 28,510 UNITEDHEALTH GROUP INC COM 91324P102 578 12,903 SH Sole 12,903 COCA COLA CO COM 191216100 421 6,267 SH Sole 6,267 VANGUARD SCOTTSDALE FDS SHTRM GVT BD ETF 92206C409 403 5,120 SH Sole 5,120 CENTRAL GOLDTRUST TR UNIT 153546106 327 4,738 SH Sole 4,738 CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 320 12,600 SH Sole 12,600 EXXON MOBIL CORP COM 30231G102 213 2,952 SH Sole 2,952 PRICE T ROWE GROUP INC COM 74144T108 205 4,028 SH Sole 4,028 MCCORMICK & CO INC COM VTG 579780107 204 4,470 SH Sole 4,470 CONOCOPHILLIPS COM 20825C104 203 3,078 SH Sole 3,078 CATERPILLAR INC DEL COM 149123101 193 2,150 SH Sole 2,150 MCCORMICK & CO INC COM NON VTG 579780206 172 3,758 SH Sole 3,758 MICROS SYS INC COM 594901100 172 4,028 SH Sole 4,028 MERCK & CO INC NEW COM 58933Y105 171 5,442 SH Sole 5,442 JOHNSON & JOHNSON COM 478160104 157 2,474 SH Sole 2,474 INTERNATIONAL BUSINESS MACHS COM 459200101 150 890 SH Sole 890 BECTON DICKINSON & CO COM 075887109 149 1,850 SH Sole 1,850 VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 142 1,720 SH Sole 1,720 MICROSOFT CORP COM 594918104 139 5,535 SH Sole 5,535 PROCTER & GAMBLE CO COM 742718109 134 2,185 SH Sole 2,185 TEMPLETON GLOBAL INCOME FD COM 880198106 125 11,530 SH Sole 11,530 INTUITIVE SURGICAL INC COM NEW 46120E602 118 340 SH Sole 340 VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 118 1,410 SH Sole 1,410 AT&T INC COM 00206R102 117 4,157 SH Sole 4,157 BERKSHIRE HATHAWAY INC DEL CL B NEW 84670702 100 1,398 SH Sole 1,398 UNITED TECHNOLOGIES CORP COM 913017109 91 1,250 SH Sole 1,250 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 90 1,375 SH Sole 1,375 ABBOTT LABS COM 002824100 89 1,791 SH Sole 1,791 GENERAL ELECTRIC CO COM 369604103 88 5,566 SH Sole 5,566 ABERDEEN ASIA PACIFIC INCOM COM 003009107 79 10,500 SH Sole 10,500 AMERICAN ELEC PWR INC COM 025537101 75 2,100 SH Sole 2,100 PPG INDS INC COM 693506107 75 1,000 SH Sole 1,000 VERIZON COMMUNICATIONS INC COM 92343V104 74 2,155 SH Sole 2,155 NEXTERA ENERGY INC COM 65339F101 72 1,364 SH Sole 1,364 EAGLE BANCORP INC MD COM 268948106 71 5,947 SH Sole 5,947 DU PONT E I DE NEMOURS & CO COM 263534109 53 1,110 SH Sole 1,110 Nestle S A Reg B Adr not on list 641069406 51 800 SH Sole 800 QUALCOMM INC COM 747525103 51 1,000 SH Sole 1,000 SEABRIDGE GOLD INC COM 811916105 48 1,700 SH Sole 1,700 APPLE INC COM 037833100 47 125 SH Sole 125 BOULDER TOTAL RETURN FD INC COM 101541100 46 3,200 SH Sole 3,200 NORTHWEST BANCSHARES INC MD COM 667340103 45 3,937 SH Sole 3,937 ARCHER DANIELS MIDLAND CO COM 039483102 42 1,534 SH Sole 1,534 DISNEY WALT CO COM DISNEY 254687106 42 1,257 SH Sole 1,257 NUVEEN NJ PREM INCOME MUN FD COM 67101N106 41 3,000 SH Sole 3,000 AMERICAN EXPRESS CO COM 025816109 40 880 SH Sole 880 CONSTELLATION ENERGY GROUP I COM 210371100 38 1,075 SH Sole 1,075 Anglo Platinum Ltd Adr not on list 035078104 37 3,000 SH Sole 3,000 CANADIAN NAT RES LTD COM 136385101 37 1,000 SH Sole 1,000 PNC FINL SVCS GROUP INC COM 693475105 37 782 SH Sole 782 CSX CORP COM 126408103 34 1,502 SH Sole 1,502 WGL HLDGS INC COM 92924F106 31 833 SH Sole 833 BANK OF NEW YORK MELLON CORP COM 064058100 31 1,550 SH Sole 1,550 CITRIX SYS INC COM 177376100 30 500 SH Sole 500 EQT CORP COM 26884L109 30 550 SH Sole 550 SEI INVESTMENTS CO COM 784117103 29 1,700 SH Sole 1,700 BB&T CORP COM 054937107 29 1,400 SH Sole 1,400 INTEL CORP COM 458140100 27 1,317 SH Sole 1,317 UNITED PARCEL SERVICE INC CL B 911312106 27 407 SH Sole 407 HARRIS CORP DEL COM 413875105 26 700 SH Sole 700 DOMINION RES INC VA NEW COM 25746U109 25 530 SH Sole 530 NETFLIX INC COM 64110L106 24 100 SH Sole 100 FULTON FINL CORP PA COM 360271100 23 2,800 SH Sole 2,800 ISHARES SILVER TRUST ISHARES 46428Q109 23 600 SH Sole 600 PROSHARES TR SHT KBW REGBNK 74347X476 21 300 SH Sole 300 SYMANTEC CORP COM 871503108 20 1,200 SH Sole 1,200 NORFOLK SOUTHERN CORP COM 655844108 20 293 SH Sole 293 ORACLE CORP COM 68389X105 19 700 SH Sole 700 SIGMA ALDRICH CORP COM 826552101 19 300 SH Sole 300 HARLEY DAVIDSON INC COM 412822108 19 500 SH Sole 500 BAIDU INC SPON ADR REP A 56752108 19 125 SH Sole 125 HOME PROPERTIES INC COM 437306103 19 300 SH Sole 300 WELLS FARGO & CO NEW COM 949746101 19 772 SH Sole 772 EMERSON ELEC COM 291011104 19 400 SH Sole 400 ISHARES TR S&P GRWTH ALL 464289867 18 600 SH Sole 600 KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 18 250 SH Sole 250 NATIONAL FUEL GAS CO N J COM 636180101 17 296 SH Sole 296 Sunovia Energy Tech not on list 86770A104 17 525,000 SH Sole 525,000 BLACKROCK HEALTH SCIENCES TR COM 09250W107 17 680 SH Sole 680 MYRIAD GENETICS INC COM 62855J104 15 800 SH Sole 800 PEPSICO INC COM 713448108 15 235 SH Sole 235 SEADRILL LIMITED SHS G7945E105 15 500 SH Sole 500 CHEVRON CORP NEW COM 166764100 14 150 SH Sole 150 MEDCO HEALTH SOLUTIONS INC COM 58405U102 13 250 SH Sole 250 UNDER ARMOUR INC CL A 904311107 13 210 SH Sole 210 ISHARES TR S&P MODERATE 464289875 13 450 SH Sole 450 UIL HLDG CORP COM 902748102 13 416 SH Sole 416 BRISTOL MYERS SQUIBB CO COM 110122108 13 450 SH Sole 450 FORD MTR CO DEL COM PAR $0.01 345370860 13 1,135 SH Sole 1,135 ENSCO PLC SPONSORED ADR 29358Q109 12 250 SH Sole 250 KRAFT FOODS INC CL A 50075N104 12 335 SH Sole 335 NEWMONT MINING CORP COM 651639106 11 200 SH Sole 200 STATOIL ASA SPONSORED ADR 85771P102 11 500 SH Sole 500 ZIMMER HLDGS INC COM 98956P102 11 200 SH Sole 200 FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 11 124 SH Sole 124 KIMBERLY CLARK CORP COM 494368103 10 150 SH Sole 150 FLAHERTY & CRUMRINE PFD INC COM 338480106 9 700 SH Sole 700 JPMORGAN CHASE & CO COM 46625H100 9 252 SH Sole 252 BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 9 300 SH Sole 300 HARSCO CORP COM 415864107 9 400 SH Sole 400 MCDONALDS CORP COM 580135101 9 100 SH Sole 100 CORNING INC COM 219350105 9 600 SH Sole 600 DOW CHEM CO COM 260543103 8 280 SH Sole 280 PFIZER INC COM 717081103 8 460 SH Sole 460 COSTCO WHSL CORP NEW COM 22160K105 7 100 SH Sole 100 ANADARKO PETE CORP COM 032511107 7 100 SH Sole 100 CANADIAN NATL RY CO COM 136375102 7 100 SH Sole 100 WALGREEN CO COM 931422109 7 200 SH Sole 200 SARA LEE CORP COM 803111103 7 403 SH Sole 403 PROGRESS ENERGY INC COM 743263105 7 154 SH Sole 154 DENTSPLY INTL INC NEW COM 249030107 7 200 SH Sole 200 Canyon Services Group not on list 138873104 7 500 SH Sole 500 FIDELITY NATIONAL FINANCIAL CL A 31620R105 6 400 SH Sole 400 GENERAL MLS INC COM 370334104 6 160 SH Sole 160 MYLAN INC COM 628530107 6 300 SH Sole 300 CARBO CERAMICS INC COM 140781105 6 40 SH Sole 40 SILVER WHEATON CORP COM 828336107 6 150 SH Sole 150 CELGENE CORP COM 151020104 5 100 SH Sole 100 AES CORP COM 00130H105 5 500 SH Sole 500 PROSHARES TR PSHS ULTRA DOW30 74347R305 5 100 SH Sole 100 PROSHARES TR II ULTRASHRT EURO 74347W882 5 300 SH Sole 300 PIONEER NAT RES CO COM 723787107 5 65 SH Sole 65 BLOCK H & R INC COM 093671105 5 364 SH Sole 364 DORCHESTER MINERALS LP COM UNIT 25820R105 5 200 SH Sole 200 TARGET CORP COM 87612E106 5 100 SH Sole 100 HUMAN GENOME SCIENCES INC COM 444903108 5 300 SH Sole 300 COVIDIEN PLC SHS G2554F113 5 93 SH Sole 93 ALCOA INC COM 013817101 4 361 SH Sole 361 ROWAN COS INC COM 779382100 4 125 SH Sole 125 PROSHARES TR PSHS ULT S&P 500 74347R107 4 100 SH Sole 100 NEWPARK RES INC COM PAR $.01NEW 651718504 4 500 SH Sole 500 INTEROIL CORP COM 460951106 4 65 SH Sole 65 TYCO INTERNATIONAL LTD SHS H89128104 4 93 SH Sole 93 SAIC INC COM 78390X101 4 263 SH Sole 263 Pinetree Capital Ltd not on list 723330106 4 2,000 SH Sole 2,000 Sinopharm Group Co Ord not on list Y8008N107 4 1,500 SH Sole 1,500 Nintendo Ltd Adr not on list 654445303 4 200 SH Sole 200 FIRSTHAND TECH VALUE FD INC COM 33766Y100 3 191 SH Sole 191 CHEESECAKE FACTORY INC COM 163072101 3 126 SH Sole 126 NIKE INC CL B 654106103 3 40 SH Sole 40 GMX RES INC COM 38011M108 3 1,000 SH Sole 1,000 MEDIFAST INC COM 58470H101 3 180 SH Sole 180 Brownstone Energy Inc not on list 116141102 3 5,000 SH Sole 5,000 CURTISS WRIGHT CORP COM 231561101 3 100 SH Sole 100 BOEING CO COM 097023105 3 46 SH Sole 46 Sandstorm Gold Ltd not on list 80013R107 3 2,000 SH Sole 2,000 CHESAPEAKE ENERGY CORP COM 165167107 2 77 SH Sole 77 NORTHEAST UTILS COM 664397106 2 73 SH Sole 73 INTERNATIONAL RECTIFIER CORP COM 460254105 2 100 SH Sole 100 E M C CORP MASS COM 268648102 2 100 SH Sole 100 SEARS HLDGS CORP COM 812350106 2 35 SH Sole 35 AMAZON COM INC COM 023135106 2 10 SH Sole 10 GOLDMAN SACHS GROUP INC COM 38141G104 2 17 SH Sole 17 ARM HLDGS PLC SPONSORED ADR 042068106 2 75 SH Sole 75 SMUCKER J M CO COM NEW 832696405 2 24 SH Sole 24 Advanced Cell Technology not on list 00752K105 2 10,000 SH Sole 10,000 WESTERN UN CO COM 959802109 2 100 SH Sole 100 CIENA CORP COM NEW 171779309 2 128 SH Sole 128 RITE AID CORP COM 767754104 2 1,500 SH Sole 1,500 CAMPBELL SOUP CO COM 134429109 1 45 SH Sole 45 CIFC Corp not on list 12547R105 1 230 SH Sole 230 FRONTIER COMMUNICATIONS CORP COM 35906A108 1 181 SH Sole 181 BANK OF AMERICA CORPORATION COM 060505104 1 174 SH Sole 174 SIRIUS XM RADIO INC COM 82967N108 1 575 SH Sole 575 OWENS ILL INC COM NEW 690768403 1 50 SH Sole 50 CONTANGO OIL & GAS COMPANY COM NEW 21075N204 1 14 SH Sole 14 MORGAN STANLEY COM NEW 617446448 1 45 SH Sole 45 TERADATA CORP DEL COM 88076W103 1 12 SH Sole 12 CITIGROUP INC COM NEW 172967424 1 20 SH Sole 20 INFINERA CORPORATION COM 45667G103 1 85 SH Sole 85 MYREXIS INC COM 62856H107 1 200 SH Sole 200 WEST MARINE INC COM 954235107 1 60 SH Sole 60 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1 25 SH Sole 25 EAGLE BULK SHIPPING INC COM Y2187A101 1 280 SH Sole 280 ALCATEL-LUCENT SPONSORED ADR 013904305 1 136 SH Sole 136 RETAIL OPPORTUNITY INVTS COR COM 76131N101 0 45 SH Sole 45 BRIDGEPOINT ED INC COM 10807M105 0 20 SH Sole 20 SYNTROLEUM CORP COM 871630109 0 400 SH Sole 400 ACTIVISION BLIZZARD INC COM 00507V109 0 40 SH Sole 40 GIVEN IMAGING ORD SHS M52020100 0 25 SH Sole 25 P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 0 11 SH Sole 11 BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 0 12 SH Sole 12 ZIPCAR INC COM 98974X103 0 11 SH Sole 11 EATON VANCE SR FLTNG RTE TR COM 27828Q105 0 15 SH Sole 15 China Modern Agric Info Inc not on list 16951R105 0 400 SH Sole 400 NCR CORP NEW COM 62886E108 0 12 SH Sole 12 LAKELAND INDS INC COM 511795106 0 20 SH Sole 20 AMERICAN INTL GROUP INC COM NEW 026874784 0 5 SH Sole 5 LSI CORPORATION COM 502161102 0 10 SH Sole 10 NORTHSTAR RLTY FIN CORP COM 66704R100 0 17 SH Sole 17 Imaging Diagnostic Sys not on list 45244W100 0 2,000 SH Sole 2,000 EATON VANCE TAX MNG GBL DV E COM 27829F108 0 4 SH Sole 4 Muni Mtg & Equity L L C not on list 62624B101 0 315 SH Sole 315 EATON VANCE TX MGD DIV EQ IN COM 27828N102 0 3 SH Sole 3 Diadexus Inc not on list 25245P106 0 100 SH Sole 100 AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 0 2 SH Sole 2 Contango Ore Inc. not on list 21077F100 0 1 SH Sole 1 Composite Tech Corp not on list 20461S108 0 1,000 SH Sole 1,000 Nortel Networks Corp not on list 656568508 0 14 SH Sole 14 Freeport Mcmoran Res Lp not on list 356903104 0 14 SH Sole 14