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
0,375% AMGEN 01.02.2013 NOTE 031162AQ3 3,017 3,000,000 PRN   SOLE NONE 0 0 0
0,625% GILEAD SCIENCES 01.05.2013 NOTE 375558AH6 1,637 1,500,000 PRN   SOLE NONE 0 0 0
0,875% ARCHER DANIELS 15.02.2014 NOTE 039483AW2 775 750,000 PRN   SOLE NONE 0 0 0
1% SYMANTEC 15.06.2013 NOTE 871503AF5 5,124 4,500,000 PRN   SOLE NONE 0 0 0
1,250% NEWMONT MINING 15.07.2014 NOTE 651639AH9 5,802 4,000,000 PRN   SOLE NONE 0 0 0
1,625% MEDTRONIC 15.04.2013 NOTE 585055AM8 4,046 4,000,000 PRN   SOLE NONE 0 0 0
2,000% ARRIS GROUP 15.11.2026 NOTE 04269QAC4 2,066 2,000,000 PRN   SOLE NONE 0 0 0
2,000% HOLOGIC 15.12.2037 NOTE 436440AA9 2,841 3,000,000 PRN   SOLE NONE 0 0 0
2,125% CACI INTL 01.05.2014 NOTE 127190AD8 3,452 3,000,000 PRN   SOLE NONE 0 0 0
2,250% BEST BUY 15.01.2022 NOTE 086516AF8 4,682 4,500,000 PRN   SOLE NONE 0 0 0
2,500% MOLSON COORS 30.07.2013 NOTE 60871RAA8 6,489 5,500,000 PRN   SOLE NONE 0 0 0
3,000% L-3 COMMUNICATIONS 01.08.2035 NOTE 502413AW7 2,544 2,500,000 PRN   SOLE NONE 0 0 0
3M COM 88579Y101 19,435 225,200 SH   SOLE NONE 109,000 0 116,200
ABBOTT LABORATORIES COM 002824100 12,306 256,850 SH   SOLE NONE 150,000 0 106,850
AEROPOSTALE COM 007865108 8,836 358,600 SH   SOLE NONE 353,600 0 5,000
ALTRIA GROUP COM 02209S103 2,462 100,000 SH   SOLE NONE 0 0 100,000
AMGEN COM 031162100 3,256 59,300 SH   SOLE NONE 59,300 0 0
APPLE COM 037833100 194 600 SH   SOLE NONE 0 0 600
AT & T COM 00206R102 152 5,180 SH   SOLE NONE 0 0 5,180
BAXTER INTERNATIONAL COM 071813109 3,442 68,000 SH   SOLE NONE 58,000 0 10,000
BECTON DICKINSON COM 075887109 5,156 61,000 SH   SOLE NONE 40,000 0 21,000
BERKSHIRE HATHAWAY A COM 084670108 120 1 SH   SOLE NONE 0 0 1
BERKSHIRE HATHAWAY B COM 084670702 148 1,850 SH   SOLE NONE 0 0 1,850
BEST BUY COM 086516101 2,999 87,450 SH   SOLE NONE 30,000 0 57,450
BOSTON SCIENTIFIC COM 101137107 71 9,420 SH   SOLE NONE 0 0 9,420
BRISTOL-MYERS SQUIBB COM 110122108 146 5,500 SH   SOLE NONE 0 0 5,500
CAMPBELL SOUP COM 134429109 1,738 50,000 SH   SOLE NONE 0 0 50,000
CISCO SYSTEMS COM 17275R102 22,331 1,103,850 SH   SOLE NONE 594,300 0 509,550
COCA-COLA COM 191216100 5,611 85,310 SH   SOLE NONE 35,000 0 50,310
COLGATE-PALMOLIVE COM 194162103 6,737 83,820 SH   SOLE NONE 40,000 0 43,820
COLGATE-PALMOLIVE CALL COM 194162903 4,019 500 SH Call SOLE NONE 0 0 0
CONOCOPHILLIPS COM 20825C104 127 1,860 SH   SOLE NONE 0 0 1,860
CORNING COM 219350105 145 7,500 SH   SOLE NONE 0 0 7,500
EXELON COM 30161N101 88 2,120 SH   SOLE NONE 0 0 2,120
EXXON MOBIL COM 30231G102 15,154 207,250 SH   SOLE NONE 117,800 0 89,450
GENERAL DYNAMICS COM 369550108 14,431 203,370 SH   SOLE NONE 100,000 0 103,370
GOOGLE - CLASS A COM 38259P508 8,283 13,945 SH   SOLE NONE 9,900 0 4,045
HESS COM 42809H107 1,936 25,300 SH   SOLE NONE 0 0 25,300
HEWLETT-PACKARD COM 428236103 11,161 265,100 SH   SOLE NONE 138,300 0 126,800
IBM COM 459200101 59 400 SH   SOLE NONE 0 0 400
INTEL COM 458140100 10,215 485,730 SH   SOLE NONE 250,000 0 235,730
INTEL CALL COM 458140900 2,103 1,000 SH Call SOLE NONE 0 0 0
ITT COM 450911102 6,493 124,600 SH   SOLE NONE 0 0 124,600
JOHNSON & JOHNSON COM 478160104 13,250 214,235 SH   SOLE NONE 95,100 0 119,135
JOHNSON & JOHNSON CALL COM 478160904 8,041 1,300 SH Call SOLE NONE 0 0 0
KRAFT FOODS COM 50075N104 204 6,470 SH   SOLE NONE 0 0 6,470
L-3 COMMUNICATIONS HOLDINGS COM 502424104 5,235 74,263 SH   SOLE NONE 50,000 0 24,263
MARATHON OIL COM 565849106 124 3,360 SH   SOLE NONE 0 0 3,360
MEDTRONIC COM 585055106 5,322 143,500 SH   SOLE NONE 100,000 0 43,500
MICROSOFT COM 594918104 30,629 1,097,430 SH   SOLE NONE 673,500 0 423,930
MOLSON COORS COM 60871R209 3,162 63,000 SH   SOLE NONE 63,000 0 0
NASDAQ OMX GROUP COM 631103108 94 3,950 SH   SOLE NONE 0 0 3,950
OCCIDENTAL PETROLEUM COM 674599105 196 2,000 SH   SOLE NONE 0 0 2,000
PEPSICO COM 713448108 5,389 82,485 SH   SOLE NONE 30,000 0 52,485
PFIZER COM 717081103 10,242 584,900 SH   SOLE NONE 348,400 0 236,500
PHILIP MORRIS INTL. COM 718172109 5,294 90,450 SH   SOLE NONE 30,000 0 60,450
PITNEY BOWES COM 724479100 1,257 52,000 SH   SOLE NONE 52,000 0 0
PPL COM 69351T106 84 3,210 SH   SOLE NONE 0 0 3,210
PROCTER & GAMBLE COM 742718109 8,616 133,930 SH   SOLE NONE 40,000 0 93,930
QUALCOMM COM 747525103 3,400 68,700 SH   SOLE NONE 65,300 0 3,400
RAYTHEON COM 755111507 6,835 147,500 SH   SOLE NONE 63,000 0 84,500
RAYTHEON CALL COM 755111907 1,344 290 SH Call SOLE NONE 0 0 0
SARA LEE COM 803111103 60 3,410 SH   SOLE NONE 0 0 3,410
STRYKER COM 863667101 11,579 215,620 SH   SOLE NONE 170,000 0 45,620
SYMANTEC COM 871503108 5,774 344,930 SH   SOLE NONE 150,000 0 194,930
THERMO FISHER SCIENTIFIC COM 883556102 6,465 116,790 SH   SOLE NONE 75,000 0 41,790
UNITED TECHNOLOGIES COM 913017109 1,771 22,500 SH   SOLE NONE 20,500 0 2,000
WAL-MART STORES COM 931142103 13,612 252,405 SH   SOLE NONE 100,000 0 152,405
ZIMMER HOLDINGS COM 98956P102 7,886 146,900 SH   SOLE NONE 103,300 0 43,600