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
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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
Goldman Sachs Grp Inc PFD 38144x500 379 14,950 SH   SOLE   0 0 14,950
A T & T Corp COM 00206R102 298 8,872 SH   SOLE   0 0 8,872
A. J. Gallagher & Co COM 363576109 18,510 393,169 SH   SOLE   0 0 393,169
Abbvie Inc COM 00287Y109 11,737 179,358 SH   SOLE   0 0 179,358
Air Products & Chemicals Inc COM 009158106 9,220 63,923 SH   SOLE   0 0 63,923
Alibaba COM 01609w102 2,062 19,835 SH   SOLE   0 0 19,835
American Electric Power Inc COM 025537101 6,785 111,745 SH   SOLE   0 0 111,745
Amerigas Partners Inc COM 030975106 7,575 158,074 SH   SOLE   0 0 158,074
Anadarko Petroleum COM 032511107 17,140 207,755 SH   SOLE   0 0 207,755
Applied Materials Inc COM 038222105 12,237 491,032 SH   SOLE   0 0 491,032
Avis Budget Car Group COM 053774105 14,704 221,687 SH   SOLE   0 0 221,687
Bristol-Myers Squibb COM 110122108 11,864 200,978 SH   SOLE   0 0 200,978
Canadian National Railroad COM 136375102 1,387 20,122 SH   SOLE   0 0 20,122
Canadian Pacific Ltd COM 13645t100 7,766 40,301 SH   SOLE   0 0 40,301
CB Richard Ellis Group COM 12504l109 6,350 185,406 SH   SOLE   0 0 185,406
Chevron Corp COM 166764100 914 8,150 SH   SOLE   0 0 8,150
Colgate-Palmolive Co COM 194162103 3,729 53,901 SH   SOLE   0 0 53,901
Con Edison Co Of NY COM 209115104 239 3,625 SH   SOLE   0 0 3,625
Consumer Staples Select Sector COM 81369y308 4,308 88,836 SH   SOLE   0 0 88,836
Ctrip Com Intl COM 22943f100 2,031 44,633 SH   SOLE   0 0 44,633
Diageo Corp COM 25243Q205 314 2,756 SH   SOLE   0 0 2,756
Dow Chemical Co COM 260543103 458 10,045 SH   SOLE   0 0 10,045
Duke Energy COM 26441c204 8,102 96,986 SH   SOLE   0 0 96,986
Ellie Mae Inc COM 28849p100 5,792 143,654 SH   SOLE   0 0 143,654
Energy Transfer Part LP COM 29273r109 1,820 28,000 SH   SOLE   0 0 28,000
Enterprise Products COM 293792107 25,715 711,927 SH   SOLE   0 0 711,927
Equinix Inc COM 29444U700 19,395 85,541 SH   SOLE   0 0 85,541
Exxon Mobil Corp COM 30231G102 744 8,044 SH   SOLE   0 0 8,044
Facebook Inc COM 30303M102 230 2,950 SH   SOLE   0 0 2,950
First American Financial COM 31847r102 8,193 241,674 SH   SOLE   0 0 241,674
Flextronics Intl Ltd COM Y2573F102 10,218 913,911 SH   SOLE   0 0 913,911
General Dynamics Corp COM 369550108 11,308 82,169 SH   SOLE   0 0 82,169
General Electric COM 369604103 1,468 58,081 SH   SOLE   0 0 58,081
General Mills Inc COM 370334104 3,009 56,427 SH   SOLE   0 0 56,427
Google Inc Cl A COM 38259p508 7,523 14,176 SH   SOLE   0 0 14,176
Google Inc CL C - Non-Voting COM 38259p706 5,789 10,998 SH   SOLE   0 0 10,998
Integrys Energy Group Inc COM 45822p105 391 5,025 SH   SOLE   0 0 5,025
Interxion Holdings COM n47279109 13,804 504,896 SH   SOLE   0 0 504,896
Intl Business Machines COM 459200101 495 3,085 SH   SOLE   0 0 3,085
Ishares Tr MSCI ACWI EX US Ind COM 464288240 4,042 93,963 SH   SOLE   0 0 93,963
ITT Industries Inc COM 450911201 15,886 392,636 SH   SOLE   0 0 392,636
Johnson & Johnson COM 478160104 3,644 34,845 SH   SOLE   0 0 34,845
Kinder Morgan Inc COM 49456B101 1,856 43,869 SH   SOLE   0 0 43,869
Kraft Foods Group COM 50076Q106 1,123 17,923 SH   SOLE   0 0 17,923
Merck & Co COM 58933y105 14,156 249,264 SH   SOLE   0 0 249,264
Mondelez Intl Inc COM 609207105 1,379 37,953 SH   SOLE   0 0 37,953
Norfolk Southern COM 655844108 9,374 85,520 SH   SOLE   0 0 85,520
Northrop Grumman Corp COM 666807102 4,721 32,030 SH   SOLE   0 0 32,030
Novartis AG-Sponsored ADR COM 66987v109 8,331 89,906 SH   SOLE   0 0 89,906
Pepsico COM 713448108 4,304 45,512 SH   SOLE   0 0 45,512
Phillips 66 COM 718546104 23,063 321,660 SH   SOLE   0 0 321,660
Phillips 66 Partners LP COM 718549207 15,428 223,825 SH   SOLE   0 0 223,825
Quanta Services Inc COM 74762e102 13,787 485,632 SH   SOLE   0 0 485,632
Sandisk Corp COM 80004c101 20,204 206,207 SH   SOLE   0 0 206,207
Schlumberger Ltd COM 806857108 5,831 68,268 SH   SOLE   0 0 68,268
Sector Spdr Tr Ben Int Financi COM 81369y605 7,780 314,614 SH   SOLE   0 0 314,614
Sector Spdr Tr Utilities Index COM 81369y886 1,570 33,242 SH   SOLE   0 0 33,242
Select Sector Spdr Fd Health C COM 81369y209 6,407 93,696 SH   SOLE   0 0 93,696
Select Sector Spdr Fd Material COM 81369y100 1,346 27,704 SH   SOLE   0 0 27,704
Select Sector Spdr Tr COM 81369Y704 5,206 92,017 SH   SOLE   0 0 92,017
Select Sector Spdr Tr Consumer COM 81369Y407 6,071 84,150 SH   SOLE   0 0 84,150
Select Sector Spdr Tr Energy COM 81369y506 4,000 50,530 SH   SOLE   0 0 50,530
Skyworks Solutions Inc COM 83088m102 8,224 113,113 SH   SOLE   0 0 113,113
South Jersey Industries COM 838518108 230 3,900 SH   SOLE   0 0 3,900
Southern Co COM 842587107 2,569 52,313 SH   SOLE   0 0 52,313
SPDR S&P 500 ETF Trust COM 78462F103 9,538 46,406 SH   SOLE   0 0 46,406
SPDR S&P Midcap 400 ETF Trust COM 78467Y107 3,722 14,101 SH   SOLE   0 0 14,101
Spdr Ser Tr S&P 600 Small Cap COM 78464A813 3,591 34,357 SH   SOLE   0 0 34,357
Spdr Ser Tr S&P Telecom ETF COM 78464A540 1,009 17,475 SH   SOLE   0 0 17,475
Spectra Energy Corp COM 847560109 8,118 223,627 SH   SOLE   0 0 223,627
Spirit Aerosystems Hldgs COM 848574109 14,152 328,816 SH   SOLE   0 0 328,816
Spirit Airlines Inc COM 848577102 6,133 81,148 SH   SOLE   0 0 81,148
T-Mobile COM 872590104 345 12,788 SH   SOLE   0 0 12,788
Technology Select Sector SPDR COM 81369Y803 7,618 184,243 SH   SOLE   0 0 184,243
Teekay Offshore Partners COM y8565j101 2,946 109,972 SH   SOLE   0 0 109,972
Time Inc COM 887228104 12,047 489,506 SH   SOLE   0 0 489,506
Time Warner Inc COM 887317303 15,584 182,442 SH   SOLE   0 0 182,442
Trinity Inds Inc COM 896522109 11,410 407,346 SH   SOLE   0 0 407,346
Union Pacific COM 907818108 3,786 31,780 SH   SOLE   0 0 31,780
United Technologies COM 913017109 270 2,350 SH   SOLE   0 0 2,350
VCA, Inc. COM 918194101 9,887 202,724 SH   SOLE   0 0 202,724
Visteon Corp COM 92839u206 19,450 182,018 SH   SOLE   0 0 182,018
Xcel Energy Inc COM 98389B100 3,397 94,582 SH   SOLE   0 0 94,582
Yahoo, Inc. COM 984332106 660 13,075 SH   SOLE   0 0 13,075