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
21st Cent Fox Cl A COM 90130A101 6,056 172,185 SH   SOLE   0 0 172,185
3m Company COM 88579y101 337 2,400 SH   SOLE   0 0 2,400
Abbott Laboratories COM 002824100 511 13,334 SH   SOLE   0 0 13,334
Abbvie Inc COM 00287y109 704 13,334 SH   SOLE   0 0 13,334
American Express Company COM 025816109 5,196 57,274 SH   SOLE   0 0 57,274
American Intl Group New COM 026874784 2,396 46,940 SH   SOLE   0 0 46,940
Apple Inc COM 037833100 1,045 1,863 SH   SOLE   0 0 1,863
Atlas Resource Partners COM 04941A101 205 10,014 SH   SOLE   0 0 10,014
Auto Data Processing COM 053015103 267 3,300 SH   SOLE   0 0 3,300
Axiall Corp COM 05463D100 1,899 40,040 SH   SOLE   0 0 40,040
Borg Warner Inc COM 099724106 685 12,250 SH   SOLE   0 0 12,250
Capital One Financial Cp COM 14040h105 2,390 31,200 SH   SOLE   0 0 31,200
Chevron Corporation COM 166764100 371 2,970 SH   SOLE   0 0 2,970
Coca Cola Company COM 191216100 352 8,510 SH   SOLE   0 0 8,510
Cogent Commun Group New COM 19239V302 2,692 66,625 SH   SOLE   0 0 66,625
Costco Whsl Corp New COM 22160K105 7,663 64,388 SH   SOLE   0 0 64,388
Covanta Holding Corp COM 22282e102 323 18,170 SH   SOLE   0 0 18,170
Crimson Wine Group COM 22662X100 645 72,918 SH   SOLE   0 0 72,918
Deere & Co COM 244199105 5,899 64,591 SH   SOLE   0 0 64,591
Directv COM 25490A309 8,358 121,030 SH   SOLE   0 0 121,030
Education Holdings 1 Xxx Bankr COM 28141c104 0 18,550 SH   SOLE   0 0 18,550
Enterprise Prd Prtnrs Lp COM 293792107 3,905 58,898 SH   SOLE   0 0 58,898
Equifax Inc COM 294429105 221 3,200 SH   SOLE   0 0 3,200
Exxon Mobil Corporation COM 30231g102 1,142 11,289 SH   SOLE   0 0 11,289
Fidelity Natl Info Svcs COM 31620m106 202 3,762 SH   SOLE   0 0 3,762
Ford Motor Company New COM 345370860 209 13,543 SH   SOLE   0 0 13,543
Gaslog Ltd F COM g37585109 718 42,000 SH   SOLE   0 0 42,000
General Electric Company COM 369604103 867 30,921 SH   SOLE   0 0 30,921
Google Inc Class A COM 38259P508 2,236 1,995 SH   SOLE   0 0 1,995
Heineken N V Adr F Sponsored A COM 423012301 594 17,590 SH   SOLE   0 0 17,590
Hospira COM 441060100 4,197 101,675 SH   SOLE   0 0 101,675
Howard Hughes Corp COM 44267D107 1,658 13,807 SH   SOLE   0 0 13,807
Ing U S Inc COM 45685e106 2,023 57,540 SH   SOLE   0 0 57,540
Intl Business Machines COM 459200101 6,078 32,404 SH   SOLE   0 0 32,404
J M Smucker Co New COM 832696405 3,962 38,233 SH   SOLE   0 0 38,233
Johnson & Johnson COM 478160104 763 8,336 SH   SOLE   0 0 8,336
Kirby Corporation COM 497266106 397 4,000 SH   SOLE   0 0 4,000
Kkr & Co Lp COM 48248M102 4,495 184,675 SH   SOLE   0 0 184,675
Kratos Def & Sec Sol New COM 50077b207 1,968 256,205 SH   SOLE   0 0 256,205
Lockheed Martin Corp COM 539830109 652 4,388 SH   SOLE   0 0 4,388
Mastercard Inc COM 57636q104 1,692 2,025 SH   SOLE   0 0 2,025
Mfc Industrial Ltd F COM 55278T105 321 40,225 SH   SOLE   0 0 40,225
Mine Safety Appliance Co COM 602720104 5,000 97,642 SH   SOLE   0 0 97,642
National Oilwell Varco COM 637071101 5,017 63,085 SH   SOLE   0 0 63,085
Norfolk Southern Corp COM 655844108 687 7,400 SH   SOLE   0 0 7,400
Novo-Nordisk A-S Adr F 1 Adr R COM 670100205 3,112 16,846 SH   SOLE   0 0 16,846
Pepsico Incorporated COM 713448108 868 10,461 SH   SOLE   0 0 10,461
Pfizer Incorporated COM 717081103 303 9,890 SH   SOLE   0 0 9,890
Phillips 66 COM 718546104 4,116 53,370 SH   SOLE   0 0 53,370
Procter & Gamble COM 742718109 994 12,206 SH   SOLE   0 0 12,206
R A I T Financial Tr New COM 749227609 396 44,192 SH   SOLE   0 0 44,192
Resource Amer Inc Cl A COM 761195205 575 61,475 SH   SOLE   0 0 61,475
Royal Dutch Shell Plc Adr COM 780259206 330 4,631 SH   SOLE   0 0 4,631
Saul Centers Inc COM 804395101 1,226 25,680 SH   SOLE   0 0 25,680
Semgroup Corp COM 81663a105 755 11,580 SH   SOLE   0 0 11,580
Starbucks Corp COM 855244109 4,117 52,517 SH   SOLE   0 0 52,517
Suncor Energy Inc New F COM 867224107 4,028 114,910 SH   SOLE   0 0 114,910
Teva Pharm Inds Ltd Adrf Spons COM 881624209 4,276 106,679 SH   SOLE   0 0 106,679
Titan International Inc COM 88830m102 672 37,350 SH   SOLE   0 0 37,350
Tribune Co New Class A COM 896047503 3,617 46,730 SH   SOLE   0 0 46,730
United Technologies Corp COM 913017109 448 3,940 SH   SOLE   0 0 3,940
Viacom Inc Cl B New COM 92553P201 6,786 77,695 SH   SOLE   0 0 77,695
Visa Inc Cl A Class A COM 92826C839 14,484 65,044 SH   SOLE   0 0 65,044
Wal-Mart Stores Inc COM 931142103 249 3,167 SH   SOLE   0 0 3,167