0001494234-11-000002.txt : 20110214 0001494234-11-000002.hdr.sgml : 20110214 20110214153941 ACCESSION NUMBER: 0001494234-11-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101231 FILED AS OF DATE: 20110214 DATE AS OF CHANGE: 20110214 EFFECTIVENESS DATE: 20110214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hemenway Trust Co LLC CENTRAL INDEX KEY: 0001494234 IRS NUMBER: 272269963 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14337 FILM NUMBER: 11607156 BUSINESS ADDRESS: STREET 1: HEMENWAY TRUST COMPANY LLC STREET 2: ONE STILES ROAD, SUITE 204 CITY: SALEM STATE: NH ZIP: 03079 BUSINESS PHONE: 603-913-8022 MAIL ADDRESS: STREET 1: HEMENWAY TRUST COMPANY LLC STREET 2: ONE STILES ROAD, SUITE 204 CITY: SALEM STATE: NH ZIP: 03079 13F-HR 1 htc13f4thqtr2010final.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: December 31, 2010 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: Hemenway Trust Company LLC Address:One Stiles Road, Suite 204 Salem, NH 03079 Form 13F File Number: 28- 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: Sveta Y. Bartsch Title: Duly Authorized Phone: 617-557-9751 Signature, Place, and Date of Signing: Sveta Y. Bartsch Boston, MA February 14, 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: Form 13F File Number Name 28-_____ [Repeat as necessary.] Report Summary: Number of Other Included Managers: 3 Form 13F Information Table Entry Total: 163 Form 13F Information Table Value Total: 566999000 List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 1 28-06281 Michael B. Elefante (04)* 2 28-10379 Kurt F. Somerville (07)* 3 28-14138 Charles Fayerweather (10)* *Refers to manager member on attached detail in item 7. FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Common Stock 88579y101 5696 66000 SH Sole 66000 1709 19800 SH Other 04 19800 3883 45000 SH Other 07 45000 104 1200 SH Other 10 1200 ABB LTD SPON ADR Common Stock 000375204 4133 184096 SH Sole 184096 4115 183296 SH Other 07 183296 18 800 SH Other 10 800 ABBOTT LABS Common Stock 002824100 4963 103600 SH Sole 103600 2875 60000 SH Other 04 60000 1940 40500 SH Other 07 40500 149 3100 SH Other 10 3100 ADVANCED SEMICOND SPNADR Common Stock 00756m404 256 44553 SH Sole 44553 256 44553 SH Other 07 44553 AIXTRON AKTIENGESELLSCHAFT Common Stock 009606104 2232 60000 SH Sole 60000 2232 60000 SH Other 07 60000 AKBANK TURK SPON ADR REGANONIM Common Stock 009719501 211 18777 SH Sole 18777 211 18777 SH Other 07 18777 ALCATEL LUCENT SPD ADR Common Stock 013904305 87 29502 SH Sole 29502 87 29502 SH Other 07 29502 ALLERGAN INC Common Stock 018490102 2060 30000 SH Sole 30000 2060 30000 SH Other 04 30000 ALLSTATE Common Stock 020002101 1674 52500 SH Sole 52500 1674 52500 SH Other 04 52500 ALNYLAM PHARMACEUTICALS INC Common Stock 02043Q107 296 30000 SH Sole 30000 296 30000 SH Other 07 30000 AMERICA MOVIL SAB DE CV ADR Common Stock 02364w105 454 7912 SH Sole 7912 454 7912 SH Other 07 7912 ANADARKO PETE Common Stock 032511107 3884 51000 SH Sole 51000 2742 36000 SH Other 04 36000 1142 15000 SH Other 07 15000 ANALOG DEVICES Common Stock 032654105 1582 42000 SH Sole 42000 1582 42000 SH Other 07 42000 APPLE INC Common Stock 037833100 6699 20767 SH Sole 20767 4763 14767 SH Other 07 14767 1935 6000 SH Other 04 6000 APTARGROUP INC Common Stock 038336103 5880 123600 SH Sole 123600 2312 48600 SH Other 04 48600 3568 75000 SH Other 07 75000 ASTRAZENECA PLC SPND ADR Common Stock 046353108 237 5133 SH Sole 5133 237 5133 SH Other 07 5133 AT& T INC Common Stock 00206r102 1410 48000 SH Sole 48000 1322 45000 SH Other 04 45000 88 3000 SH Other 10 3000 AUTOMATIC DATA PROCESSING Common Stock 053015103 2772 59898 SH Sole 59898 1847 39900 SH Other 04 39900 926 19998 SH Other 07 19998 AVON PROD Common Stock 054303102 872 30000 SH Sole 30000 872 30000 SH Other 04 30000 AXIS CAPITAL HOLDINGS LTD Common Stock g0692u109 1474 41082 SH Sole 41082 1292 36000 SH Other 04 36000 182 5082 SH Other 07 5082 BANCO DO BRASIL SA-SPON Common Stock 059578104 396 20326 SH Sole 20326 396 20326 SH Other 07 20326 BANCO MACRO SA- ADR Common Stock 05961w105 273 5446 SH Sole 5446 273 5446 SH Other 07 5446 BANK MANDIRI TBK-UNSPON ADR Common Stock 69367u105 159 20951 SH Sole 20951 159 20951 SH Other 07 20951 BERKSHIRE HATHAWAY INC CL B Common Stock 084670702 1202 15000 SH Sole 15000 1202 15000 SH Other 04 15000 BOLLORE Common Stock F45727090 632 3000 SH Sole 3000 632 3000 SH Other 07 3000 BRISTOL MYERS SQUIBB Common Stock 110122108 1509 57000 SH Sole 57000 1509 57000 SH Other 07 57000 CANADIAN NATL RAILWAY CO Common Stock 136375102 5039 75810 SH Sole 75810 5039 75810 SH Other 07 75810 CARREFOUR SA SHS Common Stock 144430105 126 15048 SH Sole 15048 126 15048 SH Other 07 15048 CELANESE Common Stock 150870103 1853 45000 SH Sole 45000 1853 45000 SH Other 04 45000 CHEVRON CORP NEW Common Stock 166764100 6306 69104 SH Sole 69104 2199 24104 SH Other 07 24104 3832 42000 SH Other 04 42000 274 3000 SH Other 10 3000 CHINA CONSTRUCT UNSPN AD Common Stock 168919108 185 10132 SH Sole 10132 185 10132 SH Other 07 10132 CHUBB CORPORATION Common Stock 171232101 954 15996 SH Sole 15996 954 15996 SH Other 07 15996 CIELO SA Common Stock 171778103 509 59519 SH Sole 59519 509 59519 SH Other 07 59519 CISCO SYS INC Common Stock 17275r102 5170 255572 SH Sole 255572 3046 150572 SH Other 07 150572 2124 105000 SH Other 04 105000 COML INL BK SP ADR Common Stock 201712304 457 54862 SH Sole 54862 457 54862 SH Other 07 54862 COMP SIDER NACL SPNS ADR Common Stock 20440w105 320 19183 SH Sole 19183 320 19183 SH Other 07 19183 COMPANHIA D SNMNTO BSCO D ESTD Common Stock 20441a102 248 4683 SH Sole 4683 248 4683 SH Other 07 4683 COMPANHIA DE BEBIDAS DAS Common Stock 20441W203 268 8630 SH Sole 8630 268 8630 SH Other 07 8630 COMPANHIA ENERG DE ADR Common Stock 204409601 362 21843 SH Sole 21843 362 21843 SH Other 07 21843 COMPASS GROUP PLC ADR Common Stock 20449x203 149 15944 SH Sole 15944 149 15944 SH Other 07 15944 CONOCOPHILLIPS Common Stock 20825c104 1430 21000 SH Sole 21000 1430 21000 SH Other 04 21000 COVIDIEN PLC USD0.20 Common Stock g2554f105 3564 78047 SH Sole 78047 3564 78047 SH Other 07 78047 CREE INC Common Stock 225447101 998 15150 SH Sole 15150 998 15150 SH Other 07 15150 CREXUS INVT Common Stock 226553105 235 17970 SH Sole 17970 235 17970 SH Other 07 17970 CVS CAREMARK CORP Common Stock 126650100 4356 125275 SH Sole 125275 3688 106075 SH Other 07 106075 647 18600 SH Other 04 18600 21 600 SH Other 10 600 DAI NIPPON PRTG Common Stock 233806306 177 12918 SH Sole 12918 177 12918 SH Other 07 12918 DANONE SPONSORED ADR Common Stock 23636T100 2271 180000 SH Sole 180000 2271 180000 SH Other 07 180000 DEERE Common Stock 244199105 3804 45800 SH Sole 45800 3737 45000 SH Other 07 45000 66 800 SH Other 10 800 DEVON ENERGY CORP NEW Common Stock 25179m103 2367 30150 SH Sole 30150 2367 30150 SH Other 07 30150 DISNEY Common Stock 254687106 1688 45000 SH Sole 45000 1688 45000 SH Other 04 45000 E M C CORP MASS Common Stock 268648102 5839 255000 SH Sole 255000 1717 75000 SH Other 04 75000 4122 180000 SH Other 07 180000 ELEMENTS - ROGERS TR Common Stock 870297801 3396 367515 SH Sole 367515 3396 367515 SH Other 07 367515 ELEMENTS ROGERS AGRIC TRSV=123 Common Stock 870297603 667 62196 SH Sole 62196 667 62196 SH Other 07 62196 EMERSON ELECTRIC CO Common Stock 291011104 8293 145050 SH Sole 145050 5182 90650 SH Other 07 90650 3087 54000 SH Other 04 54000 23 400 SH Other 10 400 ENBRIDGE ENERGY PARTNERSL.P. Common Stock 29250r106 260 4170 SH Sole 4170 260 4170 SH Other 07 4170 ENCANA Common Stock 292505104 4848 166500 SH Sole 166500 2635 90500 SH Other 07 90500 29 1000 SH Other 10 1000 ENERGY TRANSFER PTNRS LP Common Stock 29273r109 253 4880 SH Sole 4880 253 4880 SH Other 07 4880 ENTERPRISE PRDTS PRTN LPL P Common Stock 293792107 237 5700 SH Sole 5700 237 5700 SH Other 07 5700 EXELON Common Stock 30161n101 1249 30000 SH Sole 30000 1249 30000 SH Other 04 30000 EXXON MOBIL CORP Common Stock 30231g102 1954 26727 SH Sole 26727 1771 24227 SH Other 07 24227 183 2500 SH Other 10 2500 FINMECCANICA SPA SHS Common Stock 318027208 110 19380 SH Sole 19380 110 19380 SH Other 07 19380 FOMENTO ECNMCO MEX SPADRSAB DE Common Stock 344419106 274 4897 SH Sole 4897 274 4897 SH Other 07 4897 FRANKLIN RES Common Stock 354613101 1001 9000 SH Sole 9000 1001 9000 SH Other 04 9000 GENERAL ELECTRIC CO Common Stock 369604103 1174 64173 SH Sole 64173 25 1373 SH Other 07 1373 1043 57000 SH Other 04 57000 106 5800 SH Other 10 5800 GLAXOSMITHKLINE PLC ADR Common Stock 37733w105 287 7319 SH Sole 7319 287 7319 SH Other 07 7319 GOLDMAN SACHS GROUP Common Stock 38141g104 1362 8100 SH Sole 8100 1362 8100 SH Other 04 8100 GRUPO TELEVISA SA ADR Common Stock 40049j206 315 12165 SH Sole 12165 315 12165 SH Other 07 12165 HELMERICH & PAYNE Common Stock 423452101 3394 70002 SH Sole 70002 3394 70002 SH Other 07 70002 HEWLETT PACKARD Common Stock 428236103 2147 51000 SH Sole 51000 2147 51000 SH Other 04 51000 HOME DEPOT INC Common Stock 437076102 3481 99300 SH Sole 99300 3481 99300 SH Other 07 99300 INFOSYS TECH LTD ADR Common Stock 456788108 345 4533 SH Sole 4533 345 4533 SH Other 07 4533 INTEL CORP Common Stock 458140100 7937 377405 SH Sole 377405 4130 196405 SH Other 07 196405 3785 180000 SH Other 04 180000 21 1000 SH Other 10 1000 INTL BUSINESS MACH Common Stock 459200101 891 6071 SH Sole 6071 10 71 SH Other 07 71 881 6000 SH Other 04 6000 ISHARES SILVER TR Common Stock 46428Q109 268 8868 SH Sole 8868 268 8868 SH Other 07 8868 ITRON INC Common Stock 465741106 3344 60300 SH Sole 60300 3344 60300 SH Other 07 60300 JC PENNEY COMPANY Common Stock 708160106 969 30000 SH Sole 30000 969 30000 SH Other 04 30000 JOHNSON & JOHNSON Common Stock 478160104 8204 132637 SH Sole 132637 4629 74837 SH Other 07 74837 3525 57000 SH Other 04 57000 49 800 SH Other 10 800 JPMORGAN CHASE Common Stock 46625h100 1909 45000 SH Sole 45000 1909 45000 SH Other 04 45000 KELLOGG COMPANY Common Stock 487836108 766 15000 SH Sole 15000 766 15000 SH Other 07 15000 KIMBERLY CLARK DE MX SABDE CV Common Stock 494386204 270 8754 SH Sole 8754 270 8754 SH Other 07 8754 KUMBA IRON ORE ADR Common Stock 50125n104 402 6162 SH Sole 6162 402 6162 SH Other 07 6162 LABORATORY CP AMER Common Stock 50540R409 3165 36000 SH Sole 36000 3165 36000 SH Other 07 36000 LIFE TECHNOLOGIES Common Stock 53217v109 1998 36000 SH Sole 36000 1998 36000 SH Other 07 36000 LOWES COMPANIES Common Stock 548661107 1662 66265 SH Sole 66265 7 265 SH Other 07 265 1655 66000 SH Other 04 66000 LUKOIL SPONSORED ADR Common Stock 677862104 242 4294 SH Sole 4294 242 4294 SH Other 07 4294 MAGELLAN MIDSTREAM PARTNE Common Stock 559080106 250 4420 SH Sole 4420 250 4420 SH Other 07 4420 MASSMART HOLDINGS LTD SHS Common Stock 576290100 245 5476 SH Sole 5476 245 5476 SH Other 07 5476 MASTERCARD INC CL A Common Stock 57636q104 2025 9035 SH Sole 9035 2025 9035 SH Other 07 9035 MAXWELL TECHNOLOGIES Common Stock 577767106 850 45000 SH Sole 45000 850 45000 SH Other 07 45000 MCDONALDS CORP Common Stock 580135101 1394 18156 SH Sole 18156 12 156 SH Other 07 156 1382 18000 SH Other 04 18000 MEDTRONIC Common Stock 585055106 1669 45000 SH Sole 45000 1669 45000 SH Other 04 45000 MERCK Common Stock 58933y105 2054 57000 SH Sole 57000 2054 57000 SH Other 07 57000 MICROSOFT CORP Common Stock 594918104 4543 162776 SH Sole 162776 1858 66576 SH Other 07 66576 2679 96000 SH Other 04 96000 6 200 SH Other 10 200 MITSUBISHI UFJ FINL GRP INC Common Stock 606822104 56 10296 SH Sole 10296 56 10296 SH Other 07 10296 MOBILE TELESYS OJSC ADR Common Stock 607409109 368 17648 SH Sole 17648 368 17648 SH Other 07 17648 MONSANTO Common Stock 61166w101 2507 36000 SH Sole 36000 2507 36000 SH Other 07 36000 MURRAY AND ROBERTS HOLDIN Common Stock 626805204 179 28941 SH Sole 28941 179 28941 SH Other 07 28941 NEDBANK GROUP LTD ADR Common Stock 63975k104 265 6574 SH Sole 6574 265 6574 SH Other 07 6574 NESTLE SA SPON ADR Common Stock 641069406 7151 121743 SH Sole 121743 5362 91293 SH Other 07 91293 26 450 SH Other 10 450 NETEASE.COM INC ADR Common Stock 64110w102 208 5747 SH Sole 5747 208 5747 SH Other 07 5747 NEXEN INC CANADA COM Common Stock 65334h102 262 11430 SH Sole 11430 262 11430 SH Other 07 11430 NEXTERA ENERGY INC COM Common Stock 65339f101 1601 30800 SH Sole 30800 10 200 SH Other 07 200 1560 30000 SH Other 04 30000 31 600 SH Other 10 600 NIKE INC CLASS B Common Stock 654106103 1550 18150 SH Sole 18150 13 150 SH Other 07 150 1538 18000 SH Other 04 18000 NIKO RESOURCES LTD Common Stock 653905109 1246 12000 SH Sole 12000 1246 12000 SH Other 07 12000 NIPPON TELG&TEL SPDN ADR Common Stock 654624105 202 8826 SH Sole 8826 202 8826 SH Other 07 8826 NOKIA CORP SPON ADR Common Stock 654902204 1116 108183 SH Sole 108183 12 1200 SH Other 10 1200 1104 106983 SH Other 07 106983 NORTHN TRUST CORP Common Stock 665859104 1330 24000 SH Sole 24000 1330 24000 SH Other 04 24000 NOVARTIS AG ADR Common Stock 66987V109 5404 91675 SH Sole 91675 5381 91275 SH Other 07 91275 24 400 SH Other 10 400 NOVOZYMES Common Stock K46585350 4067 29400 SH Sole 29400 4067 29400 SH Other 07 29400 OCCIDENTAL PETE Common Stock 674599105 736 7500 SH Sole 7500 736 7500 SH Other 04 7500 ORACLE Common Stock 68389x105 6103 195000 SH Sole 195000 3286 105000 SH Other 04 105000 2817 90000 SH Other 07 90000 ORIFLAME COSMETI SA-ADR ADR Common Stock 686194101 388 14488 SH Sole 14488 388 14488 SH Other 07 14488 PARKER HANNIFIN Common Stock 701094104 2071 24000 SH Sole 24000 2071 24000 SH Other 04 24000 PEMBINA PIPELINE CORP Common Stock 706327103 2605 120000 SH Sole 120000 2605 120000 SH Other 07 120000 PEPSICO INC Common Stock 713448108 7500 114800 SH Sole 114800 4906 75100 SH Other 07 75100 2548 39000 SH Other 04 39000 46 700 SH Other 10 700 PERRIGO CO Common Stock 714290103 950 15000 SH Sole 15000 950 15000 SH Other 07 15000 PFIZER Common Stock 717081103 2101 120000 SH Sole 120000 2101 120000 SH Other 04 120000 PHILPPNE L D TEL Common Stock 718252604 403 6916 SH Sole 6916 403 6916 SH Other 07 6916 PLAINS ALL AMERN PIPL LP Common Stock 726503105 242 3850 SH Sole 3850 242 3850 SH Other 07 3850 PORTLAND GEN ELEC CO COMNEW Common Stock 736508847 2971 136900 SH Sole 136900 2936 135300 SH Other 07 135300 35 1600 SH Other 10 1600 PRETORIA PRTLND CMNT ADR Common Stock 741372205 211 19462 SH Sole 19462 211 19462 SH Other 07 19462 PROCTER & GAMBLE CO Common Stock 742718109 7303 113527 SH Sole 113527 4662 72477 SH Other 07 72477 2547 39600 SH Other 04 39600 93 1450 SH Other 10 1450 PT UNITED TRACTORS TBK SHS Common Stock 69367t108 256 4807 SH Sole 4807 256 4807 SH Other 07 4807 SANLAM LTD SP ADR Common Stock 80104q208 257 11956 SH Sole 11956 257 11956 SH Other 07 11956 SCHLUMBERGER Common Stock 806857108 5010 60000 SH Sole 60000 2505 30000 SH Other 04 30000 2505 30000 SH Other 07 30000 SEMEN GRESIK-UNSPON ADR Common Stock 69367j100 391 7270 SH Sole 7270 391 7270 SH Other 07 7270 SHINHAN FINL GRP SP ADR Common Stock 824596100 386 4111 SH Sole 4111 386 4111 SH Other 07 4111 SHOPRITE HOLDINGS LTD (SHP) Common Stock 82510e100 244 7928 SH Sole 7928 244 7928 SH Other 07 7928 SIEMENS AG Common Stock 826197501 245 1971 SH Sole 1971 245 1971 SH Other 07 1971 SIMS METAL MGMT Common Stock 829160100 1649 75500 SH Sole 75500 1649 75500 SH Other 07 75500 SK TELECOM Common Stock 78440p108 299 16056 SH Sole 16056 299 16056 SH Other 07 16056 SMUCKER J M CO NEW Common Stock 832696405 1976 30100 SH Sole 30100 1976 30100 SH Other 07 30100 STANDARD BANK GROUP-UNSP Common Stock 853118107 256 7743 SH Sole 7743 256 7743 SH Other 07 7743 STAPLES Common Stock 855030102 1776 78000 SH Sole 78000 1776 78000 SH Other 04 78000 STARWOOD PPTY TR INC COMMON Common Stock 85571b105 240 11180 SH Sole 11180 240 11180 SH Other 07 11180 STATE STREET Common Stock 857477103 2919 63000 SH Sole 63000 1529 33000 SH Other 04 33000 1390 30000 SH Other 07 30000 STATOIL ASA SHS Common Stock 85771p102 240 10079 SH Sole 10079 240 10079 SH Other 07 10079 SUMITOMO TR & BKG SPDADR Common Stock 865625206 77 12138 SH Sole 12138 77 12138 SH Other 07 12138 SYSCO Common Stock 871829107 2131 72500 SH Sole 72500 2117 72000 SH Other 04 72000 15 500 SH Other 10 500 TAIWAN S MANUFCTRING ADR Common Stock 874039100 452 36029 SH Sole 36029 452 36029 SH Other 07 36029 TALISMAN ENERGY INC Common Stock 87425E103 1331 60000 SH Sole 60000 1331 60000 SH Other 07 60000 TARGET CORP Common Stock 87612e106 1276 21219 SH Sole 21219 13 219 SH Other 07 219 1263 21000 SH Other 04 21000 TELECOM ITALIA SPA ADR Common Stock 87927y201 139 12666 SH Sole 12666 139 12666 SH Other 07 12666 TELEKOMUNIKASI INDONESIASP ADR Common Stock 715684106 381 10676 SH Sole 10676 381 10676 SH Other 07 10676 TEXAS INSTRUMENTS Common Stock 882508104 780 24000 SH Sole 24000 780 24000 SH Other 04 24000 TIFFANY & CO Common Stock 886547108 1494 24000 SH Sole 24000 1494 24000 SH Other 04 24000 TIGER BRANDS LTD ADR Common Stock 88673m201 231 7833 SH Sole 7833 231 7833 SH Other 07 7833 TURKCELL ILETISIM ADR Common Stock 900111204 422 24616 SH Sole 24616 422 24616 SH Other 07 24616 TYCO INTERNATIONAL LTD Common Stock H89128104 746 18000 SH Sole 18000 ULTRAPAR PARTICPAC SPADR Common Stock 90400p101 227 3507 SH Sole 3507 227 3507 SH Other 07 3507 UNION PACIFIC Common Stock 907818108 1112 12000 SH Sole 12000 1112 12000 SH Other 07 12000 UNITED PARCEL SVC CL B Common Stock 911312106 1633 22500 SH Sole 22500 1633 22500 SH Other 04 22500 UNITED TECHNOLOGIES CORP Common Stock 913017109 2965 37667 SH Sole 37667 13 167 SH Other 07 167 2952 37500 SH Other 04 37500 US BANCORP Common Stock 902973304 2589 96000 SH Sole 96000 2589 96000 SH Other 04 96000 USIMINAS SP ADR REG S Common Stock 917302200 330 27368 SH Sole 27368 330 27368 SH Other 07 27368 VERIZON COMMUNICATIONS Common Stock 92343v104 1680 46966 SH Sole 46966 16 438 SH Other 07 438 1610 45000 SH Other 04 45000 55 1528 SH Other 10 1528 VESTAS WIND SYSTEMS Common Stock K59646511 1738 56000 SH Sole 56000 1738 56000 SH Other 07 56000 WAL-MART STORES INC Common Stock 931142103 756 14020 SH Sole 14020 28 520 SH Other 07 520 728 13500 SH Other 04 13500 WALGREEN Common Stock 931422109 1403 36000 SH Sole 36000 1403 36000 SH Other 04 36000 WELLS FARGO Common Stock 949746101 1996 64400 SH Sole 64400 1971 63600 SH Other 04 63600 25 800 SH Other 10 800 WEYERHAEUSER CO Common Stock 962166104 1420 75000 SH Sole 75000 1420 75000 SH Other 04 75000 YAMANA GOLD INC Common Stock 98462y100 130 10191 SH Sole 10191 130 10191 SH Other 07 10191 ZIMMER HOLDINGS Common Stock 98956P102 403 7500 SH Sole 7500 403 7500 SH Other 07 7500 ZURICH FINL SVCS SPN ADR Common Stock 98982m107 209 8070 SH Sole 8070 209 8070 SH Other 07 8070 SPDR SERIES TRUST DJ REIT Equity Mutual Fu 78464A607 1464 24000 SH Sole 24000