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
Estimated average burden
hours per response: 23.8
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
3M CO COM 88579Y101 297 1,800 SH   SOLE   1,800 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 35,846 654,242 SH   SOLE   654,242 0 0
APPLE INC COM 037833100 28,286 227,326 SH   SOLE   227,326 0 0
AT&T INC COM 00206R102 344 10,550 SH   SOLE   10,550 0 0
BANK AMER CORP COM 060505104 43,270 2,811,584 SH   SOLE   2,811,584 0 0
BANK HAWAII CORP COM 062540109 202 3,300 SH   SOLE   3,300 0 0
BANK NEW YORK MELLON CORP COM 064058100 38,948 967,897 SH   SOLE   967,897 0 0
BARD C R INC COM 067383109 17,239 103,014 SH   SOLE   103,014 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 39,082 270,799 SH   SOLE   270,799 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 286 10,090 SH   SOLE   10,090 0 0
BP PLC SPONSORED ADR 055622104 281 7,180 SH   SOLE   7,180 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 277 4,300 SH   SOLE   4,300 0 0
CHEVRON CORP NEW COM 166764100 684 6,520 SH   SOLE   6,520 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 232 3,575 SH   SOLE   3,575 0 0
CHUBB CORP COM 171232101 821 8,125 SH   SOLE   8,125 0 0
CISCO SYS INC COM 17275R102 544 19,765 SH   SOLE   19,765 0 0
CITIGROUP INC COM NEW 172967424 36,964 717,475 SH   SOLE   717,475 0 0
COCA COLA CO COM 191216100 22,760 561,271 SH   SOLE   561,271 0 0
DEERE & CO COM 244199105 22,242 253,639 SH   SOLE   253,639 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 17,056 154,259 SH   SOLE   154,259 0 0
DISNEY WALT CO COM DISNEY 254687106 238 2,269 SH   SOLE   2,269 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 209 9,200 SH   SOLE   9,200 0 0
EBAY INC COM 278642103 26,775 464,200 SH   SOLE   464,200 0 0
EMERSON ELEC CO COM 291011104 326 5,750 SH   SOLE   5,750 0 0
EOG RES INC COM 26875P101 550 6,000 SH   SOLE   6,000 0 0
ESSEX PPTY TR INC COM 297178105 724 3,149 SH   SOLE   3,149 0 0
EXXON MOBIL CORP COM 30231G102 1,610 18,939 SH   SOLE   18,939 0 0
FEDEX CORP COM 31428X106 17,601 106,382 SH   SOLE   106,382 0 0
FISERV INC COM 337738108 29,168 367,351 SH   SOLE   367,351 0 0
FLOWSERVE CORP COM 34354P105 29,989 530,870 SH   SOLE   530,870 0 0
GENERAL ELECTRIC CO COM 369604103 30,025 1,210,189 SH   SOLE   1,210,189 0 0
GENERAL MTRS CO COM 37045V100 28,661 764,282 SH   SOLE   764,282 0 0
GOOGLE INC CL A 38259P508 29,912 53,924 SH   SOLE   53,924 0 0
GOOGLE INC CL C 38259P706 9,209 16,804 SH   SOLE   16,804 0 0
GRAINGER W W INC COM 384802104 23,923 101,450 SH   SOLE   101,450 0 0
HANESBRANDS INC COM 410345102 916 27,344 SH   SOLE   27,344 0 0
HOME DEPOT INC COM 437076102 798 7,025 SH   SOLE   7,025 0 0
INTEL CORP COM 458140100 423 13,538 SH   SOLE   13,538 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 409 2,550 SH   SOLE   2,550 0 0
ISHARES 1-3 YR CR BD ETF 464288646 47,325 448,447 SH   SOLE   448,447 0 0
ISHARES TR CORE US AGGBD ET 464287226 32,831 294,634 SH   SOLE   294,634 0 0
ISHARES TR IBOXX INV CP ETF 464287242 22,769 187,074 SH   SOLE   187,074 0 0
ISHARES TR TIPS BD ETF 464287176 39,905 351,308 SH   SOLE   351,308 0 0
JOHNSON & JOHNSON COM 478160104 753 7,490 SH   SOLE   7,490 0 0
LILLY ELI & CO COM 532457108 351 4,836 SH   SOLE   4,836 0 0
LOWES COS INC COM 548661107 617 8,300 SH   SOLE   8,300 0 0
MEDTRONIC PLC SHS G5960L103 281 3,600 SH   SOLE   3,600 0 0
MICROSOFT CORP COM 594918104 38,798 954,334 SH   SOLE   954,334 0 0
NATIONAL OILWELL VARCO INC COM 637071101 15,203 304,112 SH   SOLE   304,112 0 0
OWENS ILL INC COM NEW 690768403 20,445 876,704 SH   SOLE   876,704 0 0
PAYCHEX INC COM 704326107 243 4,900 SH   SOLE   4,900 0 0
PEPSICO INC COM 713448108 12,465 130,356 SH   SOLE   130,356 0 0
PROCTER & GAMBLE CO COM 742718109 857 10,464 SH   SOLE   10,464 0 0
QUALCOMM INC COM 747525103 30,530 440,296 SH   SOLE   440,296 0 0
SCHLUMBERGER LTD COM 806857108 255 3,057 SH   SOLE   3,057 0 0
SIMON PPTY GROUP INC NEW COM 828806109 566 2,895 SH   SOLE   2,895 0 0
SOUTHERN CO COM 842587107 578 13,050 SH   SOLE   13,050 0 0
SYSCO CORP COM 871829107 355 9,410 SH   SOLE   9,410 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 16,444 263,949 SH   SOLE   263,949 0 0
U.S. Bancorp Series G Pfd COM NEW 902973817 261 9,542 SH   SOLE   9,542 0 0
UNILEVER N V N Y SHS NEW 904784709 230 5,500 SH   SOLE   5,500 0 0
UNION PAC CORP COM 907818108 758 7,000 SH   SOLE   7,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,222 12,605 SH   SOLE   12,605 0 0
UNITED TECHNOLOGIES CORP COM 913017109 11,501 98,132 SH   SOLE   98,132 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 327 6,715 SH   SOLE   6,715 0 0
WAL-MART STORES INC COM 931142103 222 2,700 SH   SOLE   2,700 0 0
WELLS FARGO & CO NEW COM 949746101 22,047 405,269 SH   SOLE   405,269 0 0