The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
WESCO INTL INC DBCV 6.000% 9/1 95082PAH8 2,087 747,000 PRN   SOLE   747,000 0 0
ISHARES BARCLAYS 1-3 YR CREDIT 1-3 YR CR BD ETF 464288646 19,436 184,611 SH   SOLE   166,811 0 17,800
ISHARES BARCLAYS TIPS BOND FUN TIPS BD ETF 464287176 10,739 95,826 SH   SOLE   81,126 0 14,700
ISHARES CORE TOTAL U.S. BOND M CORE TOTUSBD ETF 464287226 1,451 13,300 SH   SOLE   13,300 0 0
ISHARES NATIONAL AMT-FREE MUNI NAT AMT FREE BD 464288414 3,531 32,200 SH   SOLE   32,200 0 0
ISHARES TR HIGH YIELD CORP IBOXX HI YD ETF 464288513 16,243 176,648 SH   SOLE   159,448 0 17,200
POWERSHARES GLOBAL ETF SOVEREI SOVEREIGN DEBT 73936T573 16,267 571,583 SH   SOLE   513,183 0 58,400
SPDR BARCLAYS INT'L TB ETF BRCLYS INTL ETF 78464A516 9,359 163,132 SH   SOLE   149,582 0 13,550
ABBOTT LABS COM 002824100 213 5,133 SH   SOLE   5,133 0 0
ABBVIE INC COM 00287Y109 291 5,033 SH   SOLE   5,033 0 0
AMERICAN TOWER REIT INC COM 03027X100 10,326 110,288 SH   SOLE   103,518 0 6,770
AMERISOURCEBERGEN CORP COM COM 03073E105 1,536 19,870 SH   SOLE   19,870 0 0
APPLE COMPUTER INC COM 037833100 1,210 12,006 SH   SOLE   12,006 0 0
AUTO DATA PROCESS INC COM 053015103 1,238 16,988 SH   SOLE   16,713 0 275
BANK OF HAWAII COM 062540109 841 14,808 SH   SOLE   14,808 0 0
BARD CR INC COM 067383109 1,036 7,258 SH   SOLE   7,258 0 0
BCE INC COM COM 05534B760 1,092 25,535 SH   SOLE   25,535 0 0
BECTON DICKINSON & CO COM 075887109 915 8,042 SH   SOLE   8,042 0 0
BERKSHIRE HATHAWAY CL A COM 084670108 207 1 SH   SOLE   1 0 0
BERKSHIRE HATHAWAY CL B COM 084670702 235 1,700 SH   SOLE   1,700 0 0
CATERPILLAR COM 149123101 638 6,441 SH   SOLE   6,441 0 0
CHENIERE ENERGY INC COM 16411R208 160,060 2,000,000 SH   SOLE   2,000,000 0 0
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 7,514 229,650 SH   SOLE   229,650 0 0
CHEVRON CORP COM 166764100 18,875 158,188 SH   SOLE   148,388 0 9,800
CINTAS CORP COM 172908105 27,786 393,632 SH   SOLE   372,132 0 21,500
COLGATE PALMOLIVE CO COM 194162103 1,558 23,890 SH   SOLE   23,600 0 290
COMCAST CORP CL A CL A SPL 20030N200 258 4,825 SH   SOLE   4,825 0 0
CONOCOPHILLIPS COM 20825c104 753 9,847 SH   SOLE   9,847 0 0
CROWN CASTLE INTL CORP COM 228227104 72,646 902,102 SH   SOLE   886,584 0 15,518
DISCOVERY COMMUNICATIONS INC COM 25470f302 98,769 2,649,396 SH   SOLE   2,626,396 0 23,000
DISCOVERY HOLDING COMPANY COM 25470F104 1,807 47,806 SH   SOLE   37,206 0 10,600
ELECTR FOR IMAGING INC COM 286082102 30,099 681,445 SH   SOLE   648,445 0 33,000
EMERSON ELEC CO COM 291011104 558 8,912 SH   SOLE   8,912 0 0
EXXON MOBIL CORP COM 30231G102 20,647 219,531 SH   SOLE   206,526 0 13,005
FLUOR CORP COM 343412102 22,948 343,580 SH   SOLE   324,680 0 18,900
GENERAL ELEC CO COM 369604103 1,387 54,144 SH   SOLE   54,144 0 0
INT'L BUSINESS MACHINES COM 459200101 1,281 6,749 SH   SOLE   6,749 0 0
INTEL CORP COM 458140100 28,984 832,405 SH   SOLE   782,105 0 50,300
JOHNSON & JOHNSON COM 478160104 29,338 275,243 SH   SOLE   260,708 0 14,535
LAMAR ADVERTISING CO-CL A COM 512815101 78,125 1,586,290 SH   SOLE   1,559,890 0 26,400
LIBERTY MEDIA INTERACTIVE A INT COM SER A 53071m104 21,200 743,328 SH   SOLE   699,525 0 43,803
LIBERTY TRIPADVISOR COM SER A 531465102 521 15,366 SH   SOLE   15,366 0 0
LIBERTY VENTURES A LBT VENT COM A 53071M880 583 15,366 SH   SOLE   15,366 0 0
LPL FINANCIAL HOLDINGS INC COM 50212V100 141,080 3,063,624 SH   SOLE   3,033,124 0 30,500
MAGELLAN MIDSTREAM PARTNERS COM UNIT RP LP 559080106 30,616 363,702 SH   SOLE   363,702 0 0
MASTERCARD INC COM 57636Q104 2,026 27,410 SH   SOLE   27,410 0 0
MICROSOFT CORP COM 594918104 1,260 27,189 SH   SOLE   27,189 0 0
MORGAN J P & CO INC COM 46625H100 255 4,237 SH   SOLE   4,237 0 0
NESTLE S A ADRS COM 641069406 369 5,017 SH   SOLE   5,017 0 0
NORTHERN TRUST CORP COM 665859104 25,336 372,426 SH   SOLE   350,026 0 22,400
NOVO-NORDISK ADR COM 670100205 400 8,390 SH   SOLE   8,390 0 0
PEPSICO INC COM 713448108 1,451 15,590 SH   SOLE   15,590 0 0
PFIZER INC COM 717081103 1,396 47,222 SH   SOLE   46,622 0 600
PROCTER & GAMBLE COM 742718109 23,639 282,290 SH   SOLE   267,390 0 14,900
PROGRESSIVE WASTE SOLU COM COM 74339G101 70,868 2,750,000 SH   SOLE   2,750,000 0 0
SEASPAN CORP COM Y75638109 58,465 2,719,308 SH   SOLE   2,656,565 0 62,743
SYSCO CORP COM 871829107 28,654 755,054 SH   SOLE   713,384 0 41,670
TELEFLEX INC COM 879369106 26,144 248,900 SH   SOLE   233,900 0 15,000
TRANSCANADA CORP COM COM 89353D107 216 4,200 SH   SOLE   4,200 0 0
UNILEVER NV N Y SHS NEW 904784709 470 11,838 SH   SOLE   11,838 0 0
UNITED PARCEL SERVICE COM 911312106 24,350 247,733 SH   SOLE   233,963 0 13,770
WAL-MART STORES INC COM 931142103 23,784 311,030 SH   SOLE   301,430 0 9,600
WELLS FARGO & CO NEW COM 949746101 719 13,856 SH   SOLE   13,856 0 0
WESTAR ENERGY INC COM 95709T100 682 20,000 SH   SOLE   20,000 0 0
WILLIAMS COS INC DEL COM 969457100 210 3,800 SH   SOLE   3,800 0 0
ALPS ETF ALERIAN MLP ALERIAN MLP 00162Q866 10,975 572,525 SH   SOLE   509,025 0 63,500
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,399 12,174 SH   SOLE   12,174 0 0
VANGUARD MSCI EAFE ETF FTSE DEV MKT ETF 921943858 6,983 175,672 SH   SOLE   171,772 0 3,900
VANGUARD MSCI EMERGING MKT ETF FTSE EMR MKT ETF 922042858 17,451 418,392 SH   SOLE   386,942 0 31,450
VANGUARD TOTAL STOCK VIPERS TOTAL STK MKT 922908769 323 3,186 SH   SOLE   3,186 0 0
POWERSHARES DB CMDTY IDX UNIT UNIT BEN INT 73935S105 3,031 130,544 SH   SOLE   127,544 0 3,000
SPDR DOW JONES INT'L REAL ESTA DJ INTL RL ETF 78463X863 3,343 80,729 SH   SOLE   79,429 0 1,300
SPDR GOLD TRUST SHS GOLD SHS 78463V107 2,201 18,936 SH   SOLE   18,486 0 450
VANGUARD REIT INDEX ETF REIT ETF 922908553 1,553 21,613 SH   SOLE   20,563 0 1,050