0000732857-12-000003.txt : 20120126
0000732857-12-000003.hdr.sgml : 20120126
20120126145840
ACCESSION NUMBER: 0000732857-12-000003
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111231
FILED AS OF DATE: 20120126
DATE AS OF CHANGE: 20120126
EFFECTIVENESS DATE: 20120126
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: GLICKENHAUS & CO
CENTRAL INDEX KEY: 0000732857
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 131936873
STATE OF INCORPORATION: NY
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-00654
FILM NUMBER: 12547379
BUSINESS ADDRESS:
STREET 1: 546 FIFTH AVENUE
STREET 2: 7TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10036-5000
BUSINESS PHONE: 212-953-7800
MAIL ADDRESS:
STREET 1: 546 FIFTH AVENUE
STREET 2: 7TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10036-5000
13F-HR
1
f123111.txt
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2011
Institutional Investment Manager Filing this Report:
NAME: Glickenhaus & Co.
ADDRESS: 546 Fifth Avenue
New York, NY 10036
13F File Number:
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: Linda Anderson
Title: Director and Principal
Phone: 212-953-7872
Signature, Place, and Date of Signing:
Linda Anderson New York, NY January 24, 2012
Report Type Type:
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 284
FORM 13F INFORMATION TABLE VALUE TOTAL: $811,142,000
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
100,000THS ENBRIDGE ENERGY MGT COM CKC50X106 0 181909 SH SOLE 0 0 181909
ABBOTT LABS COM 002824100 11512 204723 SH SOLE 168604 0 36119
AIG 4.250% 09/15/14 CORPORATE BONDS 026874CA3 1413 1455000 PRN DEFINED 975000 330000 150000
AL AG & MECH UNIV 5.000% 11/01 MUNICIPAL BONDS 010230KX7 359 350000 PRN SOLE 300000 0 50000
AL ST AG & MECH UNIV 5.000% 11 MUNICIPAL BONDS 010230KV1 311 300000 PRN SOLE 300000 0 0
ALCOA, INC. COM 013817101 8096 935948 SH DEFINED 808137 100 127711
AMERIGAS PART 6.25 08/20/19 CORPORATE BONDS 030981AG9 398 400000 PRN SOLE 400000 0 0
AMGEN INC COM 031162100 5599 87200 SH SOLE 66700 0 20500
AMR CORP DEL COM 001765106 29 84250 SH SOLE 80950 0 3300
ANADARKO PETE CODTD 09/19/0 5. CORPORATE BONDS 032511AX5 227 200000 PRN SOLE 200000 0 0
ANADARKO PETE CORP COM 032511107 4636 60740 SH DEFINED 51100 540 9100
ANADARKO PETRO 7.625% 03/15/14 CORPORATE BONDS 032511BD8 2116 1905000 PRN SOLE 1790000 0 115000
AON CORP COM COM 037389103 5639 120500 SH SOLE 90400 0 30100
APPLE COMPUTER INC COM 037833100 645 1593 SH SOLE 1560 0 33
ARCELORMITTAL STEEL 6.125% 06/ CORPORATE BONDS 03938LAF1 889 900000 PRN DEFINED 600000 200000 100000
ASSURED GUARANTY LTD COM COM G0585R106 158 12000 SH SOLE 0 0 12000
ATLANTA GA TAX ALLOC 5.000% 12 MUNICIPAL BONDS 047849CD4 215 200000 PRN SOLE 200000 0 0
AURORA OIL & GAS CORP COM COM 052036100 3 254700 SH SOLE 254700 0 0
AVERY DENNISON CORP COM 053611109 1087 37900 SH SOLE 35100 0 2800
AXIS CAPITAL HLDGS LTD COM G0692U109 7697 240840 SH SOLE 211442 0 29398
B A S F A G SPONSORED ADR COM 055262505 420 6000 SH SOLE 5800 0 200
BANK OF AMERICA COM 060505104 4623 831434 SH SOLE 741550 0 89884
BANK OF AMERICA CORPORATION 7. PREFERRED STOCKS 060505682 219 278 SH SOLE 18 0 260
BANK OF NEW YORK MELLON CORPOR COM 064058100 379 19057 SH SOLE 19057 0 0
BEAZER HOMES USA INC COM 07556Q105 79 31700 SH SOLE 31300 0 400
BELL CAL COP 5.00 09/01/23 MUNICIPAL BONDS 07786EBR4 245 245000 PRN SOLE 245000 0 0
BERKSHIRE HATHAWDTD 08/15/1 2. CORPORATE BONDS 084670BB3 515 500000 PRN DEFINED 0 500000 0
BLACK RAVEN WTS. @ 2.50 EXP.12 WARRANT AND RIGH 999999999 0 30469 SH SOLE 30469 0 0
BOARDWALK PIPELINE PART. COM 096627104 5274 190588 SH SOLE 177775 0 12813
BP P L C SPONSORED ADR COM 055622104 332 7765 SH DEFINED 125 3000 4640
BP PRUDHOE BAY RTY TR UNIT BEN COM 055630107 1339 11749 SH SOLE 5462 0 6287
CABOT OIL & GAS CORP COM 127097103 2728 35948 SH SOLE 21100 0 14848
CALUMET SPECIALTY PRODS PTNRUT COM 131476103 246 12200 SH SOLE 11500 0 700
CAPLEASE INC PFD SER A PREFERRED STOCKS 140288200 396 16500 SH SOLE 500 0 16000
CASE NEW HOLLAND 7.75 09/01/13 CORPORATE BONDS 147446AP3 319 300000 PRN SOLE 300000 0 0
CHEVRONTEXACO CORPORATION COM 166764100 1150 10808 SH DEFINED 7761 2900 147
CHINA AGRITECH INC COM NEW COM 16937A200 897 512341 SH SOLE 461541 0 50800
CHUBB CORP COM 171232101 1075 15523 SH SOLE 14575 0 948
CIT GROUP INC NEW SECD NT SER CORPORATE BONDS 125581FX1 201 200748 PRN SOLE 200748 0 0
CIT GRP 7.00 05/01/16 CORPORATE BONDS 125581FW3 1501 1500534 PRN DEFINED 1025534 150000 325000
CITIZENS PPTY FL 4.250% 06/01/ MUNICIPAL BONDS 176553EN1 203 190000 PRN SOLE 190000 0 0
CITIZENS PPTY INS FL 4.000% 06 MUNICIPAL BONDS 176553EM3 762 725000 PRN SOLE 600000 0 125000
CNOOC LTD SPONSORED ADR COM 126132109 384 2200 SH SOLE 2100 0 100
COMCAST CORP CL A SPL COM 20030N200 594 25192 SH SOLE 22950 0 2242
COMPTON CA REDEV 5.000% 08/01/ MUNICIPAL BONDS 204712HF3 298 300000 PRN SOLE 300000 0 0
CONOCOPHILLIPS COM COM 20825C104 544 7459 SH SOLE 5129 0 2330
CONSTELLATION ENERGY PARTNER COM 21038E101 100 51200 SH SOLE 49700 0 1500
CORNING INC COM 219350105 1691 130244 SH SOLE 82900 0 47344
COVANTA HLDG CORP COM 22282E102 1394 101800 SH SOLE 84800 0 17000
CT 5.000% 11/01/14 MUNICIPAL BONDS 20772GT73 280 250000 PRN SOLE 250000 0 0
CVR PARTNERS, LP COM 126633106 4701 189400 SH SOLE 171500 0 17900
D R HORTON INC COM 23331A109 1257 99652 SH SOLE 82779 0 16873
DELAWARE CNTY PA IDA PECO 4.00 MUNICIPAL BONDS 246015BL4 206 200000 PRN SOLE 200000 0 0
DENBURY RES INC COM 247916208 3114 206203 SH SOLE 184903 0 21300
DEVON ENERGY CORP COM 25179M103 14927 240755 SH SOLE 206400 0 34355
DHT MARITIME,INC COM Y2065G105 122 165244 SH SOLE 49582 0 115662
DIANA CONTAINERSHIPS INC COM COM Y2069P101 118 21795 SH SOLE 5676 0 16119
DIANA SHIPPING INC COM Y2066G104 1739 232488 SH SOLE 203450 0 29038
DOW CHEMICAL CORP COM 260543103 18508 643541 SH SOLE 543113 0 100428
DU PONT E I DE NEMOURS CO COM 263534109 1388 30325 SH SOLE 29700 0 625
DUKE ENERGY CORP COM 26441C105 1619 73608 SH SOLE 70008 0 3600
DUPONT FABROS TECHNOLOGY INC. COM 26613Q106 327 13500 SH SOLE 12400 0 1100
DUTCHESS CNTY NY IDA BARD C 5. MUNICIPAL BONDS 267041FT3 375 350000 PRN SOLE 250000 0 100000
EDGAR ONLINE INC COM COM 279765101 76 190604 SH SOLE 3500 0 187104
ENBRIDGE ENERGY PARTNERS L PCO COM 29250R106 5219 157256 SH SOLE 150456 0 6800
ENERGY TRANSFER PARTNERS COM 29273R109 25010 545470 SH SOLE 484060 0 61410
ENERPLUS CORPORATION COM 292766102 12130 479050 SH SOLE 432273 0 46777
ENSCO INTERNATIONAL SPONS ADR COM 29358Q109 5076 108179 SH SOLE 97479 0 10700
ENTERPRISE PRODS PART. COM 293792107 66275 1428956 SH DEFINED 1303935 400 124621
EOG RESOURCES INC. COM 26875P101 7428 75402 SH SOLE 64402 0 11000
EQUAL ENERGY LTD COM 29390Q109 316 70351 SH SOLE 68199 0 2152
ERIE CNTY NY 5.250% 04/01/16 MUNICIPAL BONDS 295084CN5 371 335000 PRN SOLE 200000 0 135000
ESCAMBIA CNTY FL HLTH BAPTI 5. MUNICIPAL BONDS 296110FN4 317 300000 PRN SOLE 300000 0 0
EVOLUTION PETROLEUM CORP COM COM 30049A107 197 24501 SH SOLE 24501 0 0
EXCEL MARITIME CARRIERS LTD CO COM V3267N107 528 364473 SH SOLE 275984 0 88489
EXXON CORPORATION COM 30231G102 1776 20957 SH DEFINED 7682 4200 9075
FIRST INTERSTATE BANK SYSTEMS COM 32055Y201 399 30600 SH SOLE 28300 0 2300
FL DEPT OF CHILD 5.00% 04/01/1 MUNICIPAL BONDS 34160EBQ6 252 250000 PRN SOLE 250000 0 0
FL MUN LN COUNCIL 5.250% 11/01 MUNICIPAL BONDS 342815GF8 207 205000 PRN SOLE 205000 0 0
FL MUN PWR 5.000% 10/01/13 MUNICIPAL BONDS 342816WP6 212 200000 PRN SOLE 200000 0 0
FORD MTR CO DEL COM PAR $0.00 COM 345370860 1555 144500 SH DEFINED 124300 800 19400
FOREST OIL CORP COM PAR $0.01 COM 346091705 136 10000 SH SOLE 10000 0 0
FORTESCUE METALS GROUP FOREIGN COMMON S Q39360104 18755 4284350 SH DEFINED 4003600 1600 279150
FREEPORT MCMORAN COPPER&GOLDCL COM 35671D857 1067 29000 SH SOLE 20400 0 8600
GENERAL ELEC CO COM 369604103 9460 528179 SH DEFINED 421331 3000 103848
GENERAL MARITIME COM Y2693R101 1 46900 SH SOLE 45560 0 1340
GIBRALTAR INDUSTRIES INC COM 374689107 1989 142511 SH SOLE 141111 0 1400
GLOBAL GEOPHYSICAL SERV. COM 37946S107 952 141612 SH SOLE 127912 0 13700
GLOBE SPECIALTY METALS INC COM COM 37954N206 228 17000 SH SOLE 17000 0 0
GRAFTECH INTL LTD COM COM 384313102 2393 175300 SH DEFINED 156700 200 18400
HARRIS CNTY TX MTA 4.000% 11/0 MUNICIPAL BONDS 41421NAH7 217 200000 PRN SOLE 200000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 1230 75700 SH SOLE 71800 0 3900
HEWLETT PACKARD CO COM 428236103 8303 322340 SH SOLE 267820 0 54520
HOLYOKE MA 5.000% 06/15/15 MUNICIPAL BONDS 4367043J7 217 200000 PRN SOLE 175000 0 25000
HONEYWELL INTERNATIONAL, INC. COM 438516106 505 9300 SH SOLE 8900 0 400
HUNTSVILLE AL PUB ED BLDG 5.65 MUNICIPAL BONDS 447156AK6 251 320000 PRN SOLE 320000 0 0
I B M COM 459200101 21407 116420 SH SOLE 92302 0 24118
ICAHN ENTERPRISES 8.000% 01/15 CORPORATE BONDS 451102AH0 1352 1300000 PRN SOLE 950000 0 350000
ILLINOIS FIN AUTH REV PROVE 5. MUNICIPAL BONDS 45200FT82 216 200000 PRN SOLE 200000 0 0
INDO MINES, LTD. FOREIGN COMMON S XR6068347 183 650000 SH SOLE 650000 0 0
INERGY L P COM 456615103 5565 227888 SH SOLE 218717 0 9171
INGERSOLL RAND 9.500% 04/15/14 CORPORATE BONDS 45687AAE2 546 470000 PRN SOLE 470000 0 0
INGERSOLL-RAND PLC COM G47791101 2681 88000 SH SOLE 80750 0 7250
INTERNATIONAL PAPER CO COM 460146103 4110 138845 SH SOLE 111555 0 27290
J.P. MORGAN CHASE & CO COM 46625H100 1332 40052 SH DEFINED 26771 2000 11281
JAX ELEC FL 4.000% 10/01/13 MUNICIPAL BONDS 46613QEJ9 259 245000 PRN SOLE 245000 0 0
JOHN DEERE CAP. 5.25 10/01/12 GOVERNMENT AGENC 24422EQW2 471 455000 PRN SOLE 400000 0 55000
JOHNSON & JOHNSON COM 478160104 1367 20844 SH SOLE 13869 0 6975
KANSAS CITY MO SPL OB 5.250% 0 MUNICIPAL BONDS 485106CB2 235 200000 PRN SOLE 200000 0 0
KINDER MORGAN EGY PTNS L P UT COM 494550106 425 5000 SH SOLE 5000 0 0
LA ST CIT PPY 5.000% 06/01/16 MUNICIPAL BONDS 546456AY0 391 365000 PRN SOLE 365000 0 0
LABORATORY CORP AMER HLDGS COM COM 50540R409 563 6550 SH SOLE 6350 0 200
LANCASTER CA REDEV TAX ALL 5.2 MUNICIPAL BONDS 513799QS8 399 400000 PRN SOLE 400000 0 0
LIBERTY MEDIA HLDG CORP INT CO COM 53071M104 245 15128 SH SOLE 14403 0 725
LINCOLN NATIONAL COM 534187109 1477 76055 SH SOLE 64155 0 11900
LONG ISLAND POWER 5.00% DUE 9/ MUNICIPAL BONDS 542690VC3 207 200000 PRN SOLE 200000 0 0
LYNAS CORPORATION LTD FOREIGN COMMON S Q5683J103 159 150000 SH SOLE 150000 0 0
MAGNA INTL INC CL A COM 559222401 516 15500 SH DEFINED 13300 200 2000
MARKWEST ENERGY PARTNERS L PUN COM 570759100 617 11200 SH SOLE 11100 0 100
MAS H & E COVENANT 5.000% 07/0 MUNICIPAL BONDS 57586DAJ2 279 260000 PRN SOLE 260000 0 0
MASS ED FIN AUTH 5.500% 01/01/ MUNICIPAL BONDS 57563RHK8 227 200000 PRN SOLE 200000 0 0
MASS HLTH & ED CAREGROUP 5.375 MUNICIPAL BONDS 57586C4F9 260 230000 PRN SOLE 115000 0 115000
MASS H&E SIMMONS COLL 6.000% 1 MUNICIPAL BONDS 57586EEB3 535 500000 PRN SOLE 400000 0 100000
MASS PORT 5.750% 07/01/12 MUNICIPAL BONDS 575895XR3 411 400000 PRN SOLE 200000 0 200000
MCDONALDS CORP COM 580135101 542 5399 SH SOLE 5399 0 0
METLIFE INC COM 59156R108 6830 219049 SH SOLE 186149 0 32900
MFS INTER INCOME TRUST SH BEN CORPORATE BOND F 55273C107 101 16034 SH SOLE 16034 0 0
MIAMI FL 5.000% 01/01/15 MUNICIPAL BONDS 5933885A5 396 375000 PRN SOLE 350000 0 25000
MIAMI FL GO 5.000% 01/01/19 MUNICIPAL BONDS 5933885F4 472 445000 PRN SOLE 445000 0 0
MICROSOFT CORP COM 594918104 234 9000 SH SOLE 5000 0 4000
MO JT ELEC 5.000% 01/01/16 MUNICIPAL BONDS 606092AE4 276 255000 PRN SOLE 255000 0 0
MOLY MINES, LTD. FOREIGN COMMON S Q6320J100 2352 8109192 SH DEFINED 7449092 10000 650100
MONMOUTH REAL ESTATE INVT COCL COM 609720107 109 11900 SH SOLE 2400 0 9500
MORGAN STANLY DN WTTR COM 617446448 4049 267600 SH SOLE 228150 0 39450
NAVIOS MARITIME ACQUIS CORP SH COM Y62159101 1163 432384 SH DEFINED 349584 2600 80200
NAVIOS MARITIME HOLDINGS COM Y62196103 25770 7218384 SH DEFINED 6752848 200 465336
NAVIOS MARITIME PART. COM Y62267102 32302 2191430 SH DEFINED 1955637 900 234893
NC EASTERN MUN PWR AGY 4.000% MUNICIPAL BONDS 658196Y20 274 250000 PRN SOLE 250000 0 0
NC PWR CATAWBA 5.250% 01/01/13 MUNICIPAL BONDS 658203G81 256 245000 PRN SOLE 245000 0 0
NC PWR CATAWBA 5.250% 01/10/18 MUNICIPAL BONDS 658203K52 302 250000 PRN SOLE 250000 0 0
NEW FLYER INDUSTRIES INC COM N COM 64438T401 1237 213290 SH SOLE 139290 0 74000
NEW HAMPSHIRE HLTH 5.00 07/01/ MUNICIPAL BONDS 644614TL3 219 200000 PRN SOLE 200000 0 0
NEW JERSEY HLTH HOLY NAME 4.25 MUNICIPAL BONDS 64579FJ20 256 250000 PRN SOLE 225000 0 25000
NEW YORK NY 5.00 08/01/19 MUNICIPAL BONDS 64966FV84 809 700000 PRN SOLE 275000 0 425000
NEW YORK NY 5.000% 09/01/19 MUNICIPAL BONDS 64966HAV2 509 425000 PRN SOLE 325000 0 100000
NEW YORK ST DORM AUTH REVS RFD MUNICIPAL BONDS 64983TY98 344 325000 PRN SOLE 175000 0 150000
NEW YORK STATE DORM AUTH 4.000 MUNICIPAL BONDS 649901LP8 307 300000 PRN SOLE 250000 0 50000
NEW YORK STATE DORM AUTH 4.200 MUNICIPAL BONDS 649901KK0 554 545000 PRN SOLE 545000 0 0
NEWMONT MNG CORP COM 651639106 240 4000 SH SOLE 4000 0 0
NH HEALTH & ED 3.250% 08/01/13 MUNICIPAL BONDS 644614YY9 355 345000 PRN SOLE 245000 0 100000
NIAGARA FALLS NY CSD 5.000% 06 MUNICIPAL BONDS 653424CJ8 337 320000 PRN SOLE 320000 0 0
NJ ED KEAN UNIV 5.000% 09/01/2 MUNICIPAL BONDS 646065ZS4 288 250000 PRN SOLE 100000 0 150000
NJ EDA 5.00 09/01/29 MND PUT 0 MUNICIPAL BONDS 645918LR2 216 200000 PRN SOLE 100000 0 100000
NJ EDA 5.000% 03/01/17 MUNICIPAL BONDS 645918PL1 641 550000 PRN SOLE 375000 0 175000
NJ EDA 5.875% 06/01/18 MUNICIPAL BONDS 64577HLE9 511 500000 PRN SOLE 500000 0 0
NJ HLTH CARE FAC 5.250% 10/01/ MUNICIPAL BONDS 64580AAK7 232 200000 PRN SOLE 200000 0 0
NJ HLTH CARE FAC 5.500% 10/01/ MUNICIPAL BONDS 64580AAL5 338 300000 PRN SOLE 300000 0 0
NJ HSG 6.375% 10/01/28 MUNICIPAL BONDS 6461292E5 212 195000 PRN SOLE 195000 0 0
NO. PALM BCH FL WTR CNTRL 4.00 MUNICIPAL BONDS 665588MH9 202 200000 PRN SOLE 200000 0 0
NOBLE CORPORATION BAAR NAMEN - COM H5833N103 375 12400 SH SOLE 11100 0 1300
NORTH BERGEN NJ BD OF ED 4.100 MUNICIPAL BONDS 65765NCF2 200 200000 PRN SOLE 100000 0 100000
NORTH TEXAS TOLL AUTH 6.000% 0 MUNICIPAL BONDS 66285WAM8 299 250000 PRN SOLE 250000 0 0
NORTH TEXAS TWY AUTH 6.250% 02 MUNICIPAL BONDS 66285WFR2 265 250000 PRN SOLE 250000 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 14132 249413 SH SOLE 248513 0 900
NUSTAR GP HOLDINGS COM 67059L102 15736 473268 SH SOLE 417936 0 55332
NV ENERGY INC COM COM 67073Y106 5604 342723 SH SOLE 331291 0 11432
NY ST DORM AUTH 5.100% 02/01/1 MUNICIPAL BONDS 649839H83 200 200000 PRN SOLE 0 0 200000
NYC IDA SPL NEEDS FAC 4.500% 0 MUNICIPAL BONDS 649710BT6 278 350000 PRN SOLE 350000 0 0
NYS DORM AUTH REVS SR B 5.250% MUNICIPAL BONDS 64983W8P4 254 250000 PRN SOLE 250000 0 0
NYS ENG 5.150% 11/01/25 MUNICIPAL BONDS 649845ED2 938 935000 PRN SOLE 720000 0 215000
NYS ENV 5.000% 03/15/18 MUNICIPAL BONDS 649849BK1 1101 1000000 PRN SOLE 600000 0 400000
NYS MTG AGY 5.000% 10/01/17 MUNICIPAL BONDS 649886ZP6 503 500000 PRN SOLE 200000 0 300000
NYS MUNI BOND BANK 5.250% 12/0 MUNICIPAL BONDS 64988TED6 1164 1100000 PRN SOLE 700000 0 400000
NYS TWY 5.250% 04/01/14 MUNICIPAL BONDS 650014EP4 264 240000 PRN SOLE 80000 0 160000
NYS TWY AUTH HWY & BRDG TR 4.0 MUNICIPAL BONDS 650013D77 202 200000 PRN SOLE 200000 0 0
NYSDA 4.000% 02/15/13 MUNICIPAL BONDS 64983M5J3 706 680000 PRN SOLE 680000 0 0
NYSDA 4.125% 02/15/14 MUNICIPAL BONDS 64983M6N3 1047 985000 PRN SOLE 785000 0 200000
NYSDA 5.250% 11/15/13 MUNICIPAL BONDS 649901MC6 521 500000 PRN SOLE 500000 0 0
NYSDA 5.50 07/01/23 MUNICIPAL BONDS 64983USF8 203 200000 PRN SOLE 100000 0 100000
NYSDA 5.500% 11/01/13 MUNICIPAL BONDS 649838A66 253 235000 PRN SOLE 0 0 235000
NYSDA 6.000% 07/01/14 MUNICIPAL BONDS 649834JB5 363 340000 PRN SOLE 340000 0 0
NYSDA 6.050% 02/01/26 MUNICIPAL BONDS 64983WYL4 341 340000 PRN SOLE 240000 0 100000
NYSDA 6.250% 07/01/20 MUNICIPAL BONDS 64983XKK9 693 690000 PRN SOLE 300000 0 390000
NYSDA ARC 4.000% 07/01/12 MUNICIPAL BONDS 649905HE9 253 250000 PRN SOLE 150000 0 100000
NYSDA CITY UNIV 5.000% 07/01/1 MUNICIPAL BONDS 64983M2A5 255 215000 PRN SOLE 215000 0 0
NYSDA CLD SVC 5.000% 06/01/18 MUNICIPAL BONDS 649903D57 585 500000 PRN SOLE 100000 0 400000
NYSDA FIT 5.250% 07/01/15 MUNICIPAL BONDS 64983TRW5 216 200000 PRN SOLE 200000 0 0
NYSDA MANHATTAN COLL 5.500% 07 MUNICIPAL BONDS 64983XQY3 303 300000 PRN SOLE 0 0 300000
NYSDA MENTAL 5.000% 02/15/19 MUNICIPAL BONDS 64983MGP7 285 250000 PRN SOLE 0 0 250000
NYSDA MT SINAI HSP 5.000% 07/0 MUNICIPAL BONDS 649905Q33 339 300000 PRN SOLE 100000 0 200000
NYSDA NORTH SHORE HSP 5.200% 1 MUNICIPAL BONDS 649903LZ2 281 280000 PRN SOLE 280000 0 0
NYSDA SO NASS COM HSP 5.250% 0 MUNICIPAL BONDS 64983XR63 354 350000 PRN SOLE 350000 0 0
OCCIDENTAL PETE COM 674599105 18138 193570 SH SOLE 168000 0 25570
ORLANDO FL REDEV TX 4.000% 09/ MUNICIPAL BONDS 686430EN5 268 250000 PRN SOLE 250000 0 0
ORLANDO FL TOURIST TAX 5.00 11 MUNICIPAL BONDS 686499AA2 260 250000 PRN SOLE 250000 0 0
OSHKOSH CORP 8.250% 03/01/17 CORPORATE BONDS 688225AB7 312 300000 PRN SOLE 300000 0 0
PA EDA EINSTEIN HLTH 6.250% 10 MUNICIPAL BONDS 70868WAJ2 322 300000 PRN SOLE 300000 0 0
PAA NATURAL GAS STORAGE LP COM 693139107 324 17300 SH SOLE 17000 0 300
PACKAGING CORP AMER COM 695156109 12045 477227 SH SOLE 401353 0 75874
PANAMA CITY BCH FL 4.250% 11/0 MUNICIPAL BONDS 698148AF0 365 350000 PRN SOLE 350000 0 0
PARAGON SHIPPING COM 69913R309 67 104800 SH SOLE 97900 0 6900
PATRIOT COAL CORP COM COM 70336T104 182 21498 SH SOLE 20152 0 1346
PEABODY ENERGY CORP COM 704549104 2969 89674 SH SOLE 83241 0 6433
PENGROTH ENERGY CORPORATION COM 70706P104 1070 101626 SH SOLE 85876 0 15750
PENN VIRGINIA RESOURCE PART COM 707884102 12310 482165 SH SOLE 448735 0 33430
PEPSICO INC COM 713448108 323 4871 SH SOLE 2871 0 2000
PFIZER INC COM 717081103 29267 1352441 SH DEFINED 1169899 1400 181142
PIONEER NAT RES COM 723787107 18919 211432 SH SOLE 173828 0 37604
PIONEER SW ENERGY LP COM 72388B106 10730 410153 SH SOLE 383519 0 26634
PLAINS ALL AMERN PIPELINE L UN COM 726503105 25837 351769 SH SOLE 314275 0 37494
POLK FL SCH BD 3.000% 01/01/15 MUNICIPAL BONDS 731125JU5 256 250000 PRN SOLE 250000 0 0
PORT AUTH NY & NJ CONS 85TH 5. MUNICIPAL BONDS 733580XZ2 236 200000 PRN SOLE 200000 0 0
PORT NY&NJ 5.250% 10/01/14 MUNICIPAL BONDS 733581RT1 702 700000 PRN SOLE 200000 0 500000
PUERTO RICO CMWLTH 5.000% 07/0 MUNICIPAL BONDS 7451458N5 244 240000 PRN SOLE 80000 0 160000
PULSE SEISMIC INC COM COM 74586Q109 43 25000 SH SOLE 0 0 25000
REGENCY ENERGY PART. COM 75885Y107 12946 520763 SH SOLE 458644 0 62119
REINSURANCE GROUP AMER COM 759351604 4036 77250 SH SOLE 68150 0 9100
RENSSELAER NY CSD 5.00 06/01/1 MUNICIPAL BONDS 760088AG9 589 565000 PRN SOLE 100000 0 465000
RHODE ISLAND EDA 5.000% 07/01/ MUNICIPAL BONDS 762237AE5 260 245000 PRN SOLE 245000 0 0
RIVERSIDE CNTY CA REDEV 6.50 1 MUNICIPAL BONDS 769123LM0 208 200000 PRN SOLE 200000 0 0
ROCKLAND CNTY NY SOLID WAST 5. MUNICIPAL BONDS 773562CJ0 206 200000 PRN SOLE 200000 0 0
ROWAN COS INC COM COM 779382100 7473 246387 SH SOLE 199387 0 47000
RYLAND GROUP INC COM COM 783764103 184 11700 SH SOLE 11700 0 0
SAFE BULKERS INC COM Y7388L103 8024 1339579 SH DEFINED 1219979 1200 118400
SALLIE MAE 5.00 04/15/15 CORPORATE BONDS 78442FAQ1 601 625000 PRN SOLE 525000 0 100000
SAN JOSE CA TAX ALL 5.000% 08/ MUNICIPAL BONDS 798147N34 256 260000 PRN SOLE 260000 0 0
SAN JOSE CAL REDEV 5.25 08/01/ MUNICIPAL BONDS 798147XW9 232 230000 PRN SOLE 230000 0 0
SARATOGA CNTY NY IDA 5.000% 12 MUNICIPAL BONDS 803482CH9 250 235000 PRN SOLE 235000 0 0
SEARS HLD CORP 6.625 10/15/18 CORPORATE BONDS 812350AE6 1934 2545000 PRN DEFINED 1695000 180000 670000
SEASPAN COM Y75638109 1611 117767 SH SOLE 115067 0 2700
SENIOR HSG PPTYS TR SH BEN INT COM 81721M109 19867 885358 SH DEFINED 796900 400 88058
SHIP FINANCE INTERNATIONAL COM G81075106 151 16115 SH SOLE 14232 0 1883
SIRIUS MINERALS PLC FOREIGN COMMON S G6768Q104 4525 12928551 SH DEFINED 12577505 11800 339246
SL GREEN RLTY CORP PFD C 7.625 PREFERRED STOCKS 78440X309 253 10100 SH SOLE 0 0 10100
SL GREEN RLTY CORP PFD D 7.875 PREFERRED STOCKS 78440X408 322 12675 SH SOLE 700 0 11975
SLM CORP DTD 01/14/1 6.250% 01 CORPORATE BONDS 78442FEK0 292 300000 PRN DEFINED 100000 100000 100000
SLM CORP DTD 09/24/0 5.000% 10 CORPORATE BONDS 78442FBG2 300 300000 PRN SOLE 200000 0 100000
SLM CORP PFD SER A 6.97% PREFERRED STOCKS 78442P205 283 7065 SH SOLE 475 0 6590
SM ENERGY COMPANY COM 78454L100 366 5000 SH SOLE 5000 0 0
SNOHOMISH WA HSP 5.000% 12/01/ MUNICIPAL BONDS 833096GJ3 215 200000 PRN SOLE 200000 0 0
SO JERSEY TRANS NJ 4.000% 11/0 MUNICIPAL BONDS 838536EA4 277 250000 PRN SOLE 150000 0 100000
SPDR UTILITIES SECTOR MUTUAL FUNDS 81369Y886 252 7000 SH SOLE 7000 0 0
SPRINT CORP COM 852061100 64 27431 SH SOLE 19786 0 7645
ST AUGUSTINE FL WTR 5.000% 10/ MUNICIPAL BONDS 787409FW6 339 330000 PRN SOLE 330000 0 0
STARWOOD PPTY TR INC COM COM 85571B105 3579 193350 SH SOLE 160150 0 33200
STONEMOR PARTNERS LP COM 86183Q100 587 25025 SH SOLE 22825 0 2200
SUFFOLK CNTY NY 4.125% 04/01/1 MUNICIPAL BONDS 864766VM9 222 220000 PRN SOLE 220000 0 0
SUNOCO INC DTD 12/14/0 5.750% CORPORATE BONDS 86764PAD1 1065 1060000 PRN SOLE 710000 0 350000
SUNOCO LOGISTICS PARTNERS LP COM 86764L108 13446 341275 SH SOLE 329977 0 11298
SYMS CORP COM COM 871551107 186 16950 SH SOLE 750 0 16200
TALISMAN ENERGY COM 87425E103 1200 94150 SH SOLE 84150 0 10000
TARGA NATURAL RES. LP COM 87611X105 5690 152625 SH SOLE 122325 0 30300
TEEKAY TANKERS COM Y8565N102 470 133559 SH SOLE 116888 0 16671
TESORO PETE CORP COM 881609101 311 13300 SH SOLE 13300 0 0
THE TRAVELERS CO. COM 89417E109 21763 367800 SH SOLE 313870 0 53930
TK LNG PARTNERS L.P. COM Y8564M105 1013 30548 SH SOLE 28548 0 2000
TORCHMARK CORP COM 891027104 25025 576751 SH SOLE 504648 0 72103
TRIBE 5.250% 01/01/18 MUNICIPAL BONDS 8960294X0 250 250000 PRN SOLE 250000 0 0
TRIBOROUGH BRDG & TUNL AUTH 5. MUNICIPAL BONDS 89602NBD5 286 275000 PRN SOLE 275000 0 0
TUPPER LAKE NY 4.000% 06/15/13 MUNICIPAL BONDS 899887DN0 253 250000 PRN SOLE 250000 0 0
U S TREAS BILLS DTD 05/05/11 0 GOVERNMENT OBLIG 9127953N9 200 200000 PRN SOLE 200000 0 0
ULTRAPETROL BAHAMAS LTD COM COM P94398107 56 18899 SH SOLE 14699 0 4200
UNION CNT NJ ED SVCS 4.30 06/1 MUNICIPAL BONDS 906345BL6 345 345000 PRN SOLE 345000 0 0
UNITED CONTL HLDGS INC COM COM 910047109 1665 88244 SH SOLE 70852 0 17392
UNUMPROVIDENT CORP COM 91529Y106 6374 302500 SH SOLE 243600 0 58900
US STEEL CORP 7.000% 02/01/18 CORPORATE BONDS 912656AG0 1040 1050000 PRN SOLE 450000 0 600000
VANGUARD NATURAL RESOURCES LCO COM 92205F106 11030 399195 SH SOLE 358060 0 41135
VARIAN MED SYS INC COM COM 92220P105 282 4200 SH DEFINED 0 4200 0
VERIZON COMMUNICATIONS COM 92343V104 291 7243 SH DEFINED 2565 750 3928
VERNON CA ELEC 5.125% 08/01/21 MUNICIPAL BONDS 924397CK6 299 295000 PRN SOLE 295000 0 0
VILLAGE CTR CDD FL 5.500% 11/0 MUNICIPAL BONDS 92706NBK8 1347 1270000 PRN SOLE 920000 0 350000
VOLUSIA CNTY FL SCH 5.500% 10/ MUNICIPAL BONDS 92884PAY8 501 470000 PRN SOLE 420000 0 50000
WAL MART STORES INC COM 931142103 17775 297448 SH SOLE 264600 0 32848
WANAQUE BORO NJ 3.000% 12/01/1 MUNICIPAL BONDS 933680CA6 206 200000 PRN SOLE 150000 0 50000
WESTCHESTER CNTY NY HEALTH 5.0 MUNICIPAL BONDS 957366CB1 430 390000 PRN SOLE 340000 0 50000
WESTCHESTER CNTY NY HLTH 4.000 MUNICIPAL BONDS 957366DG9 1008 1000000 PRN SOLE 700000 0 300000
WESTCHESTER CNTY NY HLTH 5.125 MUNICIPAL BONDS 957366CC9 509 460000 PRN SOLE 360000 0 100000
WESTCHESTER CNTY NY IDA PUR 5. MUNICIPAL BONDS 957368ED1 419 410000 PRN SOLE 410000 0 0
WESTERN GAS PARTNERS LP COM 958254104 664 16100 SH SOLE 13500 0 2600
WEYERHAUSER 7.375 10/01/19 CORPORATE BONDS 962166BV5 665 590000 PRN SOLE 290000 0 300000
XEROX CORP COM 984121103 9165 1151390 SH SOLE 973890 0 177500
YAHOO INC COM COM 984332106 218 13500 SH SOLE 0 0 13500
YONKERS NY GO 5.000% 10/01/22 MUNICIPAL BONDS 986082JE6 735 675000 PRN DEFINED 375000 100000 200000
YONKERS NY IDA SARAH LAWREN 5. MUNICIPAL BONDS 986083BZ5 218 200000 PRN SOLE 100000 0 100000
/TEXT
/DOCUMENT
/SUBMISSION