13F-HR 1 f093012.txt FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2012 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 November 6, 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: 217 FORM 13F INFORMATION TABLE VALUE TOTAL: $697,679,000 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 598720 SH SOLE 0 0 598720 ABBOTT LABS COM 002824100 2612 38100 SH SOLE 32900 0 5200 AFLAC INS 2.65 02/15/17 CORPORATE BONDS 001055AH5 210 200000 PRN DEFINED 0 200000 0 AIG 4.250% 09/15/14 CORPORATE BONDS 026874CA3 1035 980000 PRN DEFINED 375000 405000 200000 AL ST AG & MECH UNIV 5.000% 11 MUNICIPAL BONDS 010230KV1 215 200000 PRN SOLE 200000 0 0 ALCOA, INC. COM 013817101 5286 596898 SH SOLE 506187 0 90711 ALLIANT TECHSYSTEMS INC COM COM 018804104 266 5300 SH SOLE 5300 0 0 ALLSTATE CORP COM 020002101 4381 110600 SH SOLE 88600 0 22000 ALON REFINING 13.50 10/15/14 CORPORATE BONDS 02051PAC2 1154 1081000 PRN DEFINED 846000 135000 100000 AMERIGAS PART 6.25 08/20/19 CORPORATE BONDS 030981AG9 312 300000 PRN SOLE 300000 0 0 AMR CORP DEL COM 001765106 23 63750 SH SOLE 60450 0 3300 ANADARKO PETE CODTD 09/19/0 5. CORPORATE BONDS 032511AX5 232 200000 PRN SOLE 200000 0 0 ANADARKO PETE CORP COM 032511107 4890 69940 SH DEFINED 59300 540 10100 ANADARKO PETRO 7.625% 03/15/14 CORPORATE BONDS 032511BD8 1918 1755000 PRN SOLE 1665000 0 90000 AON PLC SHS CL A COM G0408V102 9134 174672 SH SOLE 147172 0 27500 APPLE COMPUTER INC COM 037833100 996 1493 SH SOLE 1460 0 33 APRIA HEALTHCARE GRP 12.375% 1 CORPORATE BONDS 037933AG3 1619 1660000 PRN DEFINED 1460000 50000 150000 ARCELORMITTAL STEEL 6.125% 06/ CORPORATE BONDS 03938LAF1 497 500000 PRN SOLE 500000 0 0 ASSURED GUARANTY LTD COM COM G0585R106 218 16000 SH SOLE 0 0 16000 AURORA OIL & GAS CORP COM COM 052036100 1 63500 SH SOLE 63500 0 0 AVERY DENNISON CORP COM 053611109 932 29300 SH SOLE 26500 0 2800 AXIS CAPITAL HLDGS LTD COM G0692U109 6204 177657 SH SOLE 152459 0 25198 B A S F A G SPONSORED ADR COM 055262505 456 5400 SH SOLE 5200 0 200 BANK OF AMERICA COM 060505104 4553 515634 SH SOLE 461450 0 54184 BANK OF AMERICA CORPORATION 7. PREFERRED STOCKS 060505682 299 275 SH SOLE 15 0 260 BANK OF NEW YORK MELLON CORPOR COM 064058100 431 19057 SH SOLE 19057 0 0 BAXTER INTL INC COM 071813109 8055 133650 SH SOLE 110950 0 22700 BEAZER HOMES USA INC COM 07556Q105 112 31500 SH SOLE 31100 0 400 BERKSHIRE HATHAWAY 3.40 01/31/ CORPORATE BONDS 084670BF4 214 200000 PRN DEFINED 0 200000 0 BERKSHIRE HATHAWDTD 08/15/1 2. CORPORATE BONDS 084670BB3 525 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 3886 139288 SH SOLE 127675 0 11613 BP P L C SPONSORED ADR COM 055622104 364 8600 SH DEFINED 1000 3000 4600 BP PRUDHOE BAY RTY TR UNIT BEN COM 055630107 962 10249 SH SOLE 4362 0 5887 BUCKEYE PARTNERS L P COM 118230101 213 4440 SH SOLE 4200 0 240 BUFFALO & ERIE IDA ENTERPRI 6. MUNICIPAL BONDS 11943KAH5 288 260000 PRN SOLE 160000 0 100000 CABOT OIL & GAS CORP COM 127097103 11117 247596 SH SOLE 191900 0 55696 CALUMET SPECIALTY PRODS PTNRUT COM 131476103 230 7200 SH SOLE 6500 0 700 CAMDEN CNTY NJ HLTH COOPER 5.2 MUNICIPAL BONDS 13281QAX3 208 200000 PRN SOLE 0 0 200000 CAPLEASE INC PFD SER A PREFERRED STOCKS 140288200 398 15900 SH SOLE 500 0 15400 CARDINAL HEALTH INC COM COM 14149Y108 2299 59000 SH SOLE 52100 0 6900 CASE NEW HOLLAND 7.75 09/01/13 CORPORATE BONDS 147446AP3 209 200000 PRN SOLE 200000 0 0 CHECKPOINT SYS INC COM COM 162825103 124 15000 SH SOLE 0 0 15000 CHEVRONTEXACO CORPORATION COM 166764100 1376 11808 SH DEFINED 8761 2900 147 CHINA AGRITECH INC COM NEW COM 16937A200 143 493927 SH DEFINED 422827 3000 68100 CHUBB CORP COM 171232101 1131 14823 SH SOLE 13875 0 948 CITIZENS PPTY INS FL 3.000% 06 MUNICIPAL BONDS 176553GF6 312 300000 PRN DEFINED 0 300000 0 CITIZENS PPTY INS FL 4.000% 06 MUNICIPAL BONDS 176553EM3 437 400000 PRN SOLE 275000 0 125000 CNOOC LTD SPONSORED ADR COM 126132109 345 1700 SH SOLE 1600 0 100 COMCAST CORP CL A SPL COM 20030N200 350 10042 SH SOLE 7800 0 2242 CONOCOPHILLIPS COM COM 20825C104 394 6882 SH SOLE 4552 0 2330 CONSTELLATION ENERGY PARTNER COM 21038E101 56 44400 SH SOLE 42900 0 1500 CORAL CANYON UT GO 5.900% 07/1 MUNICIPAL BONDS 217762AL7 360 360000 PRN SOLE 360000 0 0 CORNING INC COM 219350105 4013 305144 SH SOLE 230700 0 74444 COVANTA HLDG CORP COM 22282E102 432 25201 SH SOLE 19001 0 6200 CVR PARTNERS, LP COM 126633106 3821 145500 SH SOLE 129500 0 16000 D R HORTON INC COM 23331A109 1786 86589 SH SOLE 70216 0 16373 DEAN FOODS 7.00 06/01/16 CORPORATE BONDS 242370AA2 459 425000 PRN SOLE 400000 0 25000 DENBURY RES INC COM 247916208 3492 216095 SH SOLE 209795 0 6300 DEVON ENERGY CORP COM 25179M103 16943 280055 SH SOLE 238695 0 41360 DIANA CONTAINERSHIPS INC COM COM Y2069P101 91 16225 SH SOLE 4106 0 12119 DIANA SHIPPING INC COM Y2066G104 1096 169638 SH SOLE 142700 0 26938 DOW CHEMICAL CORP COM 260543103 1364 47122 SH SOLE 43612 0 3510 DU PONT E I DE NEMOURS CO COM 263534109 1524 30325 SH SOLE 29700 0 625 DUKE ENERGY CORPORATION COM NE COM 26441C204 1198 18495 SH SOLE 17363 0 1132 DUTCHESS CNTY NY IDA BARD C 5. MUNICIPAL BONDS 267041FT3 269 250000 PRN SOLE 250000 0 0 EMPIRE BLDR TAX FREE BD FD SH MUNICIPAL BOND F 291626208 251 14064 SH SOLE 14064 0 0 ENBRIDGE ENERGY PARTNERS L PCO COM 29250R106 3924 133300 SH SOLE 128700 0 4600 ENERGY TRANSFER PARTNERS COM 29273R109 18383 431838 SH SOLE 378828 0 53010 ENERPLUS CORPORATION COM 292766102 6871 413679 SH SOLE 372979 0 40700 ENTERPRISE PRODS PART. COM 293792107 64964 1212020 SH DEFINED 1107999 200 103821 EOG RESOURCES INC. COM 26875P101 7267 64852 SH SOLE 55352 0 9500 EQUAL ENERGY LTD COM 29390Q109 157 45582 SH SOLE 43430 0 2152 EXCEL MARITIME CARRIERS LTD CO COM V3267N107 199 285937 SH SOLE 209358 0 76579 EXXON CORPORATION COM 30231G102 1780 19466 SH DEFINED 9331 4200 5935 FEDEX CORP COM 31428X106 6571 77650 SH SOLE 62150 0 15500 FIRST INTERSTATE BANK SYSTEMS COM 32055Y201 419 28000 SH SOLE 25700 0 2300 FL ST MUNI LN 5.250% 12/01/16 MUNICIPAL BONDS 342815MY0 262 250000 PRN SOLE 250000 0 0 FORD MTR CO DEL COM PAR $0.00 COM 345370860 9671 980800 SH DEFINED 890200 1000 89600 FORTESCUE METALS GROUP FOREIGN COMMON S Q39360104 13406 3693950 SH DEFINED 3513200 1600 179150 FREEPORT MCMORAN COPPER&GOLDCL COM 35671D857 902 22800 SH SOLE 16200 0 6600 GENERAL ELEC CO COM 369604103 8275 364393 SH DEFINED 285945 3000 75448 GENERAL MARITIME COM Y2693R101 0 26800 SH SOLE 26800 0 0 GIBRALTAR INDUSTRIES INC COM 374689107 1813 141437 SH SOLE 141437 0 0 GLAXOSMITHKLINE DTD 05/09/1 2. CORPORATE BONDS 377373AD7 415 400000 PRN DEFINED 0 400000 0 GLOBAL GEOPHYSICAL SERV. COM 37946S107 693 125823 SH SOLE 115023 0 10800 GRAFTECH INTL LTD COM COM 384313102 1354 150625 SH DEFINED 132100 200 18325 HARTFORD FINL SVCS GROUP INC COM 416515104 692 35600 SH SOLE 35100 0 500 HEWLETT PACKARD CO COM 428236103 261 15317 SH SOLE 2770 0 12547 HI-CRUSH PARTNERS LP COM 428337109 2116 96200 SH SOLE 93700 0 2500 HONEYWELL INTERNATIONAL, INC. COM 438516106 472 7900 SH SOLE 7500 0 400 HUNTSVILLE AL PUB ED BLDG 5.65 MUNICIPAL BONDS 447156AK6 254 300000 PRN SOLE 300000 0 0 I B M COM 459200101 17858 86085 SH SOLE 68430 0 17655 ICAHN ENTERPRISES 8.000% 01/15 CORPORATE BONDS 451102AH0 644 600000 PRN SOLE 600000 0 0 INDO MINES, LTD. FOREIGN COMMON S XR6068347 91 650000 SH SOLE 650000 0 0 INERGY L P COM 456615103 4101 215482 SH SOLE 208211 0 7271 INGERSOLL RAND 9.500% 04/15/14 CORPORATE BONDS 45687AAE2 428 380000 PRN SOLE 380000 0 0 INTERNATIONAL PAPER CO COM 460146103 4160 114545 SH SOLE 94555 0 19990 J.P. MORGAN CHASE & CO COM 46625H100 566 13987 SH DEFINED 8814 2000 3173 JOHN DEERE CAP. 5.25 10/01/12 GOVERNMENT AGENC 24422EQW2 430 430000 PRN SOLE 400000 0 30000 JOHNSON & JOHNSON COM 478160104 1179 17107 SH SOLE 12632 0 4475 LA ST CIT PPY 5.000% 06/01/16 MUNICIPAL BONDS 546456AY0 227 200000 PRN SOLE 200000 0 0 LABORATORY CORP AMER HLDGS COM COM 50540R409 569 6150 SH SOLE 5950 0 200 LENNAR CORP COM 526057104 209 6000 SH SOLE 0 0 6000 LYNAS CORPORATION LTD FOREIGN COMMON S Q5683J103 41 50000 SH SOLE 50000 0 0 MAGNA INTL INC CL A COM 559222401 411 9500 SH DEFINED 8300 200 1000 MARKWEST ENERGY PARTNERS L PUN COM 570759100 403 7400 SH SOLE 7300 0 100 MAS H & E COVENANT 5.000% 07/0 MUNICIPAL BONDS 57586DAJ2 280 260000 PRN SOLE 260000 0 0 MASS ED FIN AUTH 5.500% 01/01/ MUNICIPAL BONDS 57563RHK8 232 200000 PRN SOLE 200000 0 0 MASS HLTH & ED COVNENANT HL 5. MUNICIPAL BONDS 57586DAU7 411 375000 PRN SOLE 375000 0 0 MASS H&E SIMMONS COLL 6.000% 1 MUNICIPAL BONDS 57586EEB3 211 200000 PRN SOLE 200000 0 0 METLIFE INC COM 59156R108 6063 175949 SH SOLE 152749 0 23200 MFS INTER INCOME TRUST SH BEN CORPORATE BOND F 55273C107 103 16034 SH SOLE 16034 0 0 MICROSOFT CORP COM 594918104 3238 108800 SH SOLE 86300 0 22500 MO JT ELEC 5.000% 01/01/16 MUNICIPAL BONDS 606092AE4 278 255000 PRN SOLE 255000 0 0 MOLY MINES, LTD. FOREIGN COMMON S Q6320J100 1000 6248832 SH DEFINED 5680732 10000 558100 MONMOUTH REAL ESTATE INVT COCL COM 609720107 112 10000 SH SOLE 2000 0 8000 MORGAN STANLY DN WTTR COM 617446448 3217 192175 SH SOLE 175575 0 16600 MOTOROLA INC 3.750% 05/15/22 CORPORATE BONDS 620076BB4 312 300000 PRN DEFINED 0 300000 0 NAVIOS MARITIME ACQUIS CORP SH COM Y62159101 1032 386684 SH DEFINED 303984 2600 80100 NAVIOS MARITIME HOLDINGS COM Y62196103 23214 6448219 SH SOLE 6052916 0 395303 NAVIOS MARITIME PART. COM Y62267102 28416 1917429 SH DEFINED 1721071 900 195458 NEW FLYER INDUSTRIES INC COM N COM 64438T401 1405 181290 SH SOLE 117890 0 63400 NEW YORK NY 5.00 08/01/19 MUNICIPAL BONDS 64966FV84 259 225000 PRN SOLE 125000 0 100000 NEW YORK NY 5.000% 09/01/19 MUNICIPAL BONDS 64966HAV2 515 425000 PRN SOLE 325000 0 100000 NEW YORK STATE DORM AUTH 4.000 MUNICIPAL BONDS 649901LP8 301 300000 PRN SOLE 250000 0 50000 NEWMONT MNG CORP COM 651639106 224 4000 SH SOLE 4000 0 0 NH HEALTH & ED 3.250% 08/01/13 MUNICIPAL BONDS 644614YY9 351 345000 PRN SOLE 245000 0 100000 NIAGARA FALLS NY CSD 5.000% 06 MUNICIPAL BONDS 653424CJ8 337 320000 PRN SOLE 320000 0 0 NJ EDA 5.000% 03/01/17 MUNICIPAL BONDS 645918PL1 408 350000 PRN SOLE 175000 0 175000 NOBLE CORPORATION BAAR NAMEN - COM H5833N103 1238 34600 SH DEFINED 29800 300 4500 NORTH ADIRONDACK NY CSD 3.000% MUNICIPAL BONDS 664728CE0 203 200000 PRN DEFINED 0 200000 0 NRG ENERGY 7.625% 05/15/19 CORPORATE BONDS 629377BR2 663 625000 PRN DEFINED 600000 25000 0 NUSTAR ENERGY LP UNIT COM 67058H102 12756 250713 SH SOLE 250413 0 300 NUSTAR GP HOLDINGS COM 67059L102 12340 387557 SH SOLE 336125 0 51432 NV ENERGY INC COM COM 67073Y106 4891 271582 SH SOLE 263350 0 8232 NYC IDA SPL NEEDS FAC 4.500% 0 MUNICIPAL BONDS 649710BT6 320 350000 PRN SOLE 350000 0 0 NYS ENG 5.150% 11/01/25 MUNICIPAL BONDS 649845ED2 366 365000 PRN SOLE 365000 0 0 NYS ENV 5.000% 03/15/18 MUNICIPAL BONDS 649849BK1 480 450000 PRN SOLE 350000 0 100000 NYS MUNI BOND BANK 5.250% 12/0 MUNICIPAL BONDS 64988TED6 775 750000 PRN SOLE 600000 0 150000 NYSDA 4.000% 02/15/13 MUNICIPAL BONDS 64983M5J3 395 390000 PRN SOLE 390000 0 0 NYSDA 4.125% 02/15/14 MUNICIPAL BONDS 64983M6N3 666 635000 PRN SOLE 635000 0 0 NYSDA 5.250% 11/15/13 MUNICIPAL BONDS 649901MC6 503 500000 PRN SOLE 500000 0 0 NYSDA 5.50 07/01/23 MUNICIPAL BONDS 64983USF8 203 200000 PRN SOLE 100000 0 100000 NYSDA 6.050% 02/01/26 MUNICIPAL BONDS 64983WYL4 241 240000 PRN SOLE 140000 0 100000 NYSDA 6.250% 07/01/20 MUNICIPAL BONDS 64983XKK9 367 365000 PRN SOLE 275000 0 90000 NYSDA CITY UNIV 5.000% 07/01/1 MUNICIPAL BONDS 64983M2A5 256 215000 PRN SOLE 215000 0 0 NYSDA CLD SVC 5.000% 06/01/18 MUNICIPAL BONDS 649903D57 233 200000 PRN SOLE 0 0 200000 NYSDA MENTAL 5.000% 02/15/19 MUNICIPAL BONDS 64983MGP7 288 250000 PRN SOLE 0 0 250000 OCCIDENTAL PETE COM 674599105 13899 161500 SH SOLE 142600 0 18900 OSHKOSH CORP 8.250% 03/01/17 CORPORATE BONDS 688225AB7 220 200000 PRN SOLE 200000 0 0 PACKAGING CORP AMER COM 695156109 13995 385527 SH SOLE 328253 0 57274 PARAGON SHIPPING COM 69913R309 38 89400 SH SOLE 82500 0 6900 PATRIOT COAL CORP COM COM 70336T104 2 15610 SH SOLE 14604 0 1006 PEABODY ENERGY CORP COM 704549104 1723 77299 SH SOLE 72566 0 4733 PENGROTH ENERGY CORPORATION COM 70706P104 653 96926 SH SOLE 84676 0 12250 PFIZER INC COM 717081103 27269 1097346 SH DEFINED 955579 1400 140367 PIONEER NAT RES COM 723787107 18999 181978 SH SOLE 151678 0 30300 PIONEER SW ENERGY LP COM 72388B106 9225 358522 SH SOLE 338288 0 20234 PITNEY BOWES INC 5.60 03/15/18 CORPORATE BONDS 72447XAD9 547 500000 PRN DEFINED 0 500000 0 PLAINS ALL AMERN PIPELINE L UN COM 726503105 22977 521012 SH SOLE 455072 0 65940 PORT AUTH NY & NJ CONS 85TH 5. MUNICIPAL BONDS 733580XZ2 234 200000 PRN SOLE 200000 0 0 POTASH CORP SASK INC COM 73755L107 4095 94300 SH SOLE 75500 0 18800 PULSE SEISMIC INC COM COM 74586Q109 65 25000 SH SOLE 0 0 25000 PVR PARTNERS LP COM UNIT REPTG COM 693665101 1109 43700 SH SOLE 39000 0 4700 RADIOSHACK CORP 6.750% 05/15/1 CORPORATE BONDS 750438AE3 1124 1905000 PRN DEFINED 1570000 150000 185000 REGENCY ENERGY PART. COM 75885Y107 10529 451500 SH SOLE 391981 0 59519 REINSURANCE GROUP AMER COM 759351604 3397 58700 SH SOLE 51800 0 6900 RENSSELAER NY CSD 5.00 06/01/1 MUNICIPAL BONDS 760088AG9 279 265000 PRN SOLE 100000 0 165000 RHODE ISLAND EDA 5.000% 07/01/ MUNICIPAL BONDS 762237AE5 266 245000 PRN SOLE 245000 0 0 RIVERSIDE CNTY CA REDEV 6.50 1 MUNICIPAL BONDS 769123LM0 223 200000 PRN SOLE 200000 0 0 ROCKLAND CNTY NY SOLID WAST 5. MUNICIPAL BONDS 773562CJ0 204 200000 PRN SOLE 200000 0 0 ROWAN COMPANIES PLC SHS CL A COM G7665A101 6898 204250 SH SOLE 168250 0 36000 RYLAND GROUP INC COM COM 783764103 351 11700 SH SOLE 11700 0 0 SAFE BULKERS INC COM Y7388L103 7257 1251210 SH DEFINED 1133810 1800 115600 SAN JOSE CA REDEV 4.25 08/01/2 MUNICIPAL BONDS 798147B45 239 250000 PRN SOLE 50000 0 200000 SEARS HLD CORP 6.625 10/15/18 CORPORATE BONDS 812350AE6 1804 1935000 PRN DEFINED 1460000 155000 320000 SEASPAN COM Y75638109 773 49014 SH SOLE 47868 0 1146 SENIOR HSG PPTYS TR SH BEN INT COM 81721M109 14983 687902 SH DEFINED 627644 400 59858 SHIP FINANCE INTERNATIONAL COM G81075106 194 12330 SH SOLE 11447 0 883 SIRIUS MINERALS PLC FOREIGN COMMON S G6768Q104 13076 35340281 SH DEFINED 33385035 45400 1909846 SLM CORP PFD SER A 6.97% PREFERRED STOCKS 78442P205 334 6990 SH SOLE 400 0 6590 SPRINT CORP COM 852061100 77 14012 SH SOLE 7000 0 7012 ST AUGUSTINE FL WTR 5.000% 10/ MUNICIPAL BONDS 787409FW6 330 330000 PRN SOLE 330000 0 0 STAR BULK CARRIERS CORP COM COM Y8162K105 9 14304 SH SOLE 14304 0 0 STARWOOD PPTY TR INC COM COM 85571B105 3154 135550 SH SOLE 115950 0 19600 STONEMOR PARTNERS LP COM 86183Q100 418 17775 SH SOLE 15875 0 1900 SUBURBAN PROPANE PARTNERS LPUT UNITS 864482104 986 23848 SH SOLE 23067 0 781 SUNOCO LOGISTICS PARTNERS LP COM 86764L108 12801 274400 SH SOLE 267002 0 7398 TALISMAN ENERGY COM 87425E103 675 50650 SH SOLE 50250 0 400 TARGA NATURAL RES. LP COM 87611X105 4887 113980 SH SOLE 91280 0 22700 TEEKAY TANKERS COM Y8565N102 392 104757 SH SOLE 89686 0 15071 TEMPE AZ IDA AZ ST UNIV 5.000% MUNICIPAL BONDS 87972FAS6 227 225000 PRN SOLE 225000 0 0 TESORO PETE CORP COM 881609101 557 13300 SH SOLE 13300 0 0 THE TRAVELERS CO. COM 89417E109 20750 303978 SH SOLE 261666 0 42312 TK LNG PARTNERS L.P. COM Y8564M105 713 18948 SH SOLE 17148 0 1800 TORCHMARK CORP COM 891027104 10586 206149 SH SOLE 188299 0 17850 TRIBOROUGH BRDG & TUNL AUTH 5. MUNICIPAL BONDS 89602NBD5 251 250000 PRN SOLE 250000 0 0 TRINITY PLACE HOLDINGS INC COM COM 89656D101 57 16450 SH SOLE 750 0 15700 ULTRAPETROL BAHAMAS LTD COM COM P94398107 14 10000 SH SOLE 10000 0 0 UNION CNT NJ ED SVCS 4.30 06/1 MUNICIPAL BONDS 906345BL6 203 200000 PRN SOLE 200000 0 0 UNITED CONTL HLDGS INC COM COM 910047109 1546 79280 SH SOLE 58308 0 20972 UNUM GROUP COM 91529Y106 4909 255400 SH SOLE 209100 0 46300 VANGUARD NATURAL RESOURCES LCO COM 92205F106 9592 331442 SH SOLE 292782 0 38660 VARIAN MED SYS INC COM COM 92220P105 302 5000 SH DEFINED 800 4200 0 VERIZON COMMUNICATIONS COM 92343V104 239 5243 SH DEFINED 3193 750 1300 VIACOM INC NEW CL B COM 92553P201 10673 199154 SH SOLE 168754 0 30400 VILLAGE CTR CDD FL 5.500% 11/0 MUNICIPAL BONDS 92706NBK8 628 600000 PRN SOLE 400000 0 200000 WAL MART STORES INC COM 931142103 17878 242248 SH SOLE 212400 0 29848 WESTCHESTER CNTY NY HLTH 4.000 MUNICIPAL BONDS 957366DG9 324 300000 PRN SOLE 300000 0 0 WESTCHESTER CNTY NY HLTH 5.125 MUNICIPAL BONDS 957366CC9 428 360000 PRN SOLE 260000 0 100000 WESTCHESTER CNTY NY IDA PUR 5. MUNICIPAL BONDS 957368ED1 332 325000 PRN SOLE 325000 0 0 WESTERN GAS PARTNERS LP COM 958254104 776 15400 SH SOLE 12800 0 2600 WEYERHAUSER 7.375 10/01/19 CORPORATE BONDS 962166BV5 372 300000 PRN SOLE 200000 0 100000 XEROX CORP COM 984121103 4565 621990 SH SOLE 564390 0 57600 YAHOO INC COM COM 984332106 272 17000 SH SOLE 0 0 17000 YONKERS NY GO 5.000% 10/01/22 MUNICIPAL BONDS 986082JE6 513 450000 PRN DEFINED 250000 100000 100000
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