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 2,010 747,000 PRN   SOLE   747,000 0 0
ISHARES BARCLAYS 1-3 YR CREDIT 1-3 YR CR BD ETF 464288646 18,786 178,612 SH   SOLE   160,812 0 17,800
ISHARES BARCLAYS TIPS BOND FUN TIPS BD ETF 464287176 10,543 94,126 SH   SOLE   79,426 0 14,700
ISHARES CORE TOTAL U.S. BOND M CORE TOTUSBD ETF 464287226 2,797 25,400 SH   SOLE   25,400 0 0
ISHARES NATIONAL AMT-FREE MUNI NAT AMT FREE BD 464288414 3,674 33,300 SH   SOLE   33,300 0 0
ISHARES TR HIGH YIELD CORP IBOXX HI YD ETF 464288513 14,936 166,698 SH   SOLE   148,498 0 18,200
POWERSHARES GLOBAL ETF SOVEREI SOVEREIGN DEBT 73936T573 15,578 553,183 SH   SOLE   492,783 0 60,400
SPDR BARCLAYS INT'L TB ETF BRCLYS INTL ETF 78464A516 8,163 147,532 SH   SOLE   133,982 0 13,550
ABBOTT LABS COM 002824100 218 4,833 SH   SOLE   4,833 0 0
ABBVIE INC COM 00287Y109 310 4,733 SH   SOLE   4,733 0 0
AMERICAN TOWER REIT INC COM 03027X100 10,838 109,638 SH   SOLE   102,868 0 6,770
AMERISOURCEBERGEN CORP COM COM 03073E105 1,764 19,570 SH   SOLE   19,570 0 0
APPLE COMPUTER INC COM 037833100 1,325 12,006 SH   SOLE   12,006 0 0
AUTO DATA PROCESS INC COM 053015103 1,409 16,903 SH   SOLE   16,628 0 275
BANK OF HAWAII COM 062540109 878 14,808 SH   SOLE   14,808 0 0
BARD CR INC COM 067383109 1,189 7,138 SH   SOLE   7,138 0 0
BCE INC COM COM 05534B760 1,171 25,535 SH   SOLE   25,535 0 0
BECTON DICKINSON & CO COM 075887109 1,110 7,977 SH   SOLE   7,977 0 0
BERKSHIRE HATHAWAY CL A CL A 084670108 226 1 SH   SOLE   1 0 0
BERKSHIRE HATHAWAY CL B CL B NEW 084670702 255 1,700 SH   SOLE   1,700 0 0
BROADCASTER INC COM 11132B202 0 20,500 SH   SOLE   20,500 0 0
CATERPILLAR COM 149123101 580 6,334 SH   SOLE   6,334 0 0
CHENIERE ENERGY INC COM 16411R208 140,580 1,996,875 SH   SOLE   1,996,875 0 0
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 12,502 390,675 SH   SOLE   390,675 0 0
CHEVRON CORP COM 166764100 17,947 159,988 SH   SOLE   150,688 0 9,300
CINTAS CORP COM 172908105 30,614 390,282 SH   SOLE   369,582 0 20,700
COLGATE PALMOLIVE CO COM 194162103 1,653 23,890 SH   SOLE   23,600 0 290
COMCAST CORP CL A CL A SPL 20030N200 267 4,634 SH   SOLE   4,634 0 0
CONOCOPHILLIPS COM 20825c104 680 9,847 SH   SOLE   9,847 0 0
CROWN CASTLE INTL CORP COM 22822V101 27,251 346,268 SH   SOLE   331,500 0 14,768
DISCOVERY COMMUNICATIONS INC COM SER C 25470f302 76,017 2,254,346 SH   SOLE   2,233,146 0 21,200
DISCOVERY HOLDING COMPANY COM SER A 25470F104 1,637 47,516 SH   SOLE   36,916 0 10,600
ELECTR FOR IMAGING INC COM 286082102 28,918 675,180 SH   SOLE   643,280 0 31,900
EMERSON ELEC CO COM 291011104 550 8,912 SH   SOLE   8,912 0 0
EXXON MOBIL CORP COM 30231G102 19,979 216,111 SH   SOLE   203,606 0 12,505
FLUOR CORP COM 343412102 22,931 378,205 SH   SOLE   359,455 0 18,750
GASLOG LTD SHS G37585109 20,849 1,024,526 SH   SOLE   1,024,526 0 0
GENERAL ELEC CO COM 369604103 1,356 53,644 SH   SOLE   53,644 0 0
INT'L BUSINESS MACHINES COM 459200101 1,040 6,480 SH   SOLE   6,480 0 0
INTEL CORP COM 458140100 30,309 835,180 SH   SOLE   786,680 0 48,500
JOHNSON & JOHNSON COM 478160104 28,746 274,893 SH   SOLE   260,808 0 14,085
KINDER MORGAN COM 49456b101 259 6,129 SH   SOLE   6,129 0 0
LAMAR ADVERTISING CO-CL A CL A 512816109 86,397 1,610,690 SH   SOLE   1,585,390 0 25,300
LIBERTY TRIPADVISOR COM SER A 531465102 356 13,246 SH   SOLE   13,246 0 0
LIBERTY VENTURES A LBT VENT COM A 53071M880 4,004 106,142 SH   SOLE   100,038 0 6,104
LPL FINANCIAL HOLDINGS INC COM 50212V100 152,077 3,413,624 SH   SOLE   3,383,424 0 30,200
MAGELLAN MIDSTREAM PARTNERS COM UNIT RP LP 559080106 29,847 361,085 SH   SOLE   361,085 0 0
MASTERCARD INC COM 57636Q104 2,307 26,777 SH   SOLE   26,777 0 0
MICROSOFT CORP COM 594918104 1,263 27,189 SH   SOLE   27,189 0 0
MORGAN J P & CO INC COM 46625H100 265 4,237 SH   SOLE   4,237 0 0
NORTHERN TRUST CORP COM 665859104 25,531 378,801 SH   SOLE   357,201 0 21,600
NOVO-NORDISK ADR ADR 670100205 355 8,390 SH   SOLE   8,390 0 0
PEPSICO INC COM 713448108 1,474 15,590 SH   SOLE   15,590 0 0
PFIZER INC COM 717081103 1,437 46,122 SH   SOLE   45,522 0 600
PPG INDUSTRIES COM 693506107 201 870 SH   SOLE   870 0 0
PROCTER & GAMBLE COM 742718109 25,698 282,115 SH   SOLE   267,865 0 14,250
PROGRESSIVE WASTE SOLU COM COM 74339G101 82,720 2,750,000 SH   SOLE   2,750,000 0 0
QVC GROUP COM 53071m104 20,912 710,813 SH   SOLE   667,860 0 42,953
SAFE BULKERS INC COM Y7388L103 59 15,000 SH   SOLE   15,000 0 0
SBA COMMUNICATIONS CORP CL A COM 78388j106 42,247 381,425 SH   SOLE   381,425 0 0
SEASPAN CORP SHS Y75638109 51,224 2,842,604 SH   SOLE   2,775,611 0 66,993
SOVRAN SELF STORAGE INC COM 84610H108 262 3,000 SH   SOLE   3,000 0 0
SYSCO CORP COM 871829107 30,011 756,129 SH   SOLE   716,059 0 40,070
TELEFLEX INC COM 879369106 28,014 243,980 SH   SOLE   229,430 0 14,550
TRANSCANADA CORP COM COM 89353D107 206 4,200 SH   SOLE   4,200 0 0
UNILEVER NV N Y SHS NEW 904784709 462 11,838 SH   SOLE   11,838 0 0
UNION PACIFIC CORP COM 907818108 208 1,744 SH   SOLE   1,744 0 0
UNITED PARCEL SERVICE COM 911312106 27,527 247,608 SH   SOLE   234,463 0 13,145
WAL-MART STORES INC COM 931142103 26,902 313,255 SH   SOLE   304,455 0 8,800
WELLS FARGO & CO NEW COM 949746101 760 13,856 SH   SOLE   13,856 0 0
WESTAR ENERGY INC COM 95709T100 825 20,000 SH   SOLE   20,000 0 0
ALPS ETF ALERIAN MLP ALERIAN MLP 00162Q866 8,960 511,425 SH   SOLE   450,425 0 61,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,475 7,174 SH   SOLE   7,174 0 0
VANGUARD INTL EQUITY INDEX ETF ALLWRLD EX US 922042775 351 7,500 SH   SOLE   7,500 0 0
VANGUARD MSCI EAFE ETF FTSE DEV MKT ETF 921943858 5,654 149,272 SH   SOLE   145,372 0 3,900
VANGUARD MSCI EMERGING MKT ETF FTSE EMR MKT ETF 922042858 16,314 407,642 SH   SOLE   377,392 0 30,250
VANGUARD TOTAL STOCK VIPERS TOTAL STK MKT 922908769 539 5,086 SH   SOLE   5,086 0 0
POWERSHARES DB CMDTY IDX UNIT UNIT BEN INT 73935S105 1,717 93,044 SH   SOLE   89,444 0 3,600
SPDR DOW JONES INT'L REAL ESTA DJ INTL RL ETF 78463X863 3,306 79,529 SH   SOLE   78,229 0 1,300
SPDR GOLD TRUST SHS GOLD SHS 78463V107 2,049 18,036 SH   SOLE   17,586 0 450
VANGUARD REIT INDEX ETF REIT ETF 922908553 1,629 20,113 SH   SOLE   19,063 0 1,050