13F-HR 1 inftable.txt 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ALEXANDRIA REAL ESTATE EQUITIE COM 015271109 1901 30000 SH SOLE 30000 AMB PROPERTY CORP COM 00163T109 8370 353000 SH SOLE 353000 AMERICAN CAMPUS COMMUNITIES IN COM 024835100 2841 104100 SH SOLE 104100 APARTMENT INVT & MGMT CO COM 03748r101 1162 60000 SH SOLE 60000 AVALON BAY COMMUNITIES INC COM 053484101 1886 20200 SH SOLE 20200 BOSTON PROPERTIES INC COM 101121101 1436 20125 SH SOLE 20125 BRANDYWINE REALTY TRUST SBI COM 105368203 2347 218300 SH SOLE 218300 CAMDEN PROPERTY TRUST COM 133131102 1634 40000 SH SOLE 40000 COLONIAL PROPERTIES TRUST COM 195872106 226 15525 SH SOLE 15525 DCT INDUSTRIAL TRUST INC COM 233153105 904 200000 SH SOLE 200000 DEVELOPERS DIVERSIFIED COM 251591103 701 70848 SH SOLE 70848 DIGITAL REALTY TRUST INC COM 253868103 1730 30000 SH SOLE 30000 EASTGROUP PROPERTIES SBI COM 277276101 2206 62000 SH SOLE 62000 EQUITY ONE INC COM 294752100 780 50000 SH SOLE 50000 EQUITY RESIDENTIAL COM 29476L107 1882 45200 SH SOLE 45200 FEDERAL REALTY INV. TRUST COM 313747206 2235 31800 SH SOLE 31800 GLIMCHER REALTY COM 379302102 1106 185000 SH SOLE 185000 HCP INC COM 40414l109 3307 102532 SH SOLE 102532 HEALTH CARE REIT COM 42217K106 2908 69050 SH SOLE 69050 HEALTHCARE REALTY TRUST COM 421946104 2215 100800 SH SOLE 100800 HIGHWOODS PROPERTIES INC COM 431284108 9511 342600 SH SOLE 342600 HOME PROPERTIES OF NEW YORK COM 437306103 9960 221000 SH SOLE 221000 HOSPITALITY PROPERTIES TRUST COM 44106M102 2285 108300 SH SOLE 108300 LEXINGTON REALTY TRUST COM 529043101 1626 270603 SH SOLE 270603 LIBERTY PROPERTY TRUST COM 531172104 4812 166800 SH SOLE 166800 MACERICH CO COM 554382101 1934 51832 SH SOLE 51832 MACK-CALI REALTY CORP COM 554489104 1932 65000 SH SOLE 65000 MEDICAL PROPERTIES TRUST INC COM 58463j304 12149 1287000 SH SOLE 1287000 MID-AMERICA APARTMENT COMMUNIT COM 59522J103 2573 50000 SH SOLE 50000 NATIONAL RETAIL PPTYS INC COM 637417106 2725 127100 SH SOLE 127100 NATIONWIDE HEALTH PROPERTIES COM 638620104 15202 425000 SH SOLE 425000 OMEGA HEALTHCARE INVESTORS COM 681936100 1196 60000 SH SOLE 60000 PENNSYLVANIA REIT COM 709102107 285 23300 SH SOLE 23300 SIMON PROPERTY GROUP INC COM 828806109 4020 49783 SH SOLE 49783 SL GREEN REALTY CORP COM 78440X101 13375 243000 SH SOLE 243000 STARWOOD HOTELS RESORTS WORLDW COM 85590A401 621 15000 SH SOLE 15000 SUNSTONE HOTEL INVESTORS INC COM 867892101 1305 131414 SH SOLE 131414 UDR INC COM 902653104 3659 191265 SH SOLE 191265 UNIVERSAL HEALTH REALTY INCOME COM 91359E105 2249 70000 SH SOLE 70000 URSTADT BIDDLE PPTYS COM 917286205 1290 80000 SH SOLE 80000 VENTAS INC COM 92276F100 2207 47000 SH SOLE 47000 WP CAREY & CO LLC COM 92930Y107 1548 56000 SH SOLE 56000 3M COMPANY COM 88579Y101 10121 128127 SH SOLE 128127 A T & T INC COM 00206R102 4634 191586 SH SOLE 191586 AARON'S INC COM 002535201 11509 674250 SH SOLE 674250 ABBOTT LABORATORIES COM 002824100 19279 412126 SH SOLE 412126 ACCENTURE PLC - CL A COM G1151C101 12156 314504 SH SOLE 314504 AFFILIATED MANAGERS GROUP INC COM 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035290105 10083 236700 SH SOLE 236700 AON CORPORATION COM 037389103 733 19756 SH SOLE 19756 APACHE CORP COM 037411105 2381 28279 SH SOLE 28279 APPLE COMPUTER COM 037833100 379 1505 SH SOLE 1505 ARBITRON INCORPORATED COM 03875Q108 12059 470500 SH SOLE 470500 ARCHER DANIELS MIDLAND COM 039483102 588 22780 SH SOLE 22780 ARGON ST INC COM 040149106 278 8100 SH SOLE 8100 ASTORIA FINL CORP COM COM 046265104 7183 522000 SH SOLE 522000 AUTOMATIC DATA PROCESSING INC COM 053015103 576 14300 SH SOLE 14300 AVISTA CORP COM 05379B107 11816 605000 SH SOLE 605000 AVON PRODUCTS COM 054303102 3053 115193 SH SOLE 115193 BANCORP SOUTH INC COM 059692103 5382 301000 SH SOLE 301000 BANK NEW YORK MELLON CORP COM 064058100 217 8800 SH SOLE 8800 BANK OF AMERICA CORP COM 060505104 1405 97766 SH SOLE 97766 BAXTER INT'L COM 071813109 827 20360 SH SOLE 20360 BB&T CORPORATION COM 054937107 204 7740 SH SOLE 7740 BECTON DICKINSON & CO COM 075887109 9296 137475 SH SOLE 137475 BELDEN CDT INC COM 077454106 10221 464600 SH SOLE 464600 BERKSHIRE HATHAWAY INC CLASS B COM 084670702 497 6239 SH SOLE 6239 BEST BUY COMPANY INC COM 086516101 444 13100 SH SOLE 13100 BLACK HILLS CORP COM 092113109 885 31100 SH SOLE 31100 BLUE COAT SYSTEMS INCORPORATED COM 09534T508 9582 469000 SH SOLE 469000 BP PLC COM 055622104 621 21499 SH SOLE 21499 BRISTOL-MYERS SQUIBB COM 110122108 7442 298397 SH SOLE 298397 BUCKEYE PARTNERS L P UNIT LTD COM 118230101 812 13750 SH SOLE 13750 CABOT OIL & GAS CORP COM 127097103 9189 293400 SH SOLE 293400 CACI INTERNATIONAL INC - CL A COM 127190304 6627 156000 SH SOLE 156000 CAMPBELL SOUP COM 134429109 2645 73813 SH SOLE 73813 CARRIZO OIL & GAS INC COM 144577103 8293 534000 SH SOLE 534000 CASCADE CORP COM 147195101 6285 176500 SH SOLE 176500 CASEYS GENERAL STORES INC COM 147528103 12658 362700 SH SOLE 362700 CATERPILLAR INC COM 149123101 5152 85771 SH SOLE 85771 CENTRAL FUND OF CANADA COM 153501101 392 26000 SH SOLE 26000 CENTURYLINK INC COM 156700106 2321 69668 SH SOLE 69668 CF INDUSTRIES HOLDINGS INC COM 125269100 3572 56300 SH SOLE 56300 CH ENERGY GROUP INC COM 12541M102 385 9800 SH SOLE 9800 CHESAPEAKE ENERGY CORP COM 165167107 510 24325 SH SOLE 24325 CHEVRON CORP COM 166764100 7355 108379 SH SOLE 108379 CHICAGO BRIDGE AND IRON COMPAN COM 167250109 11634 618500 SH SOLE 618500 CHURCH & DWIGHT INC COM 171340102 5715 91135 SH SOLE 91135 CIGNA CORP COM 125509109 379 12200 SH SOLE 12200 CISCO SYSTEMS INC COM 17275R102 282 13247 SH SOLE 13247 COAST DISTRIBUTION SERVICES COM 190345108 52 13000 SH SOLE 13000 COCA-COLA COM 191216100 1137 22681 SH SOLE 22681 COLGATE PALMOLIVE CO COM 194162103 870 11051 SH SOLE 11051 COMMSCOPE COM 203372107 11600 488005 SH SOLE 488005 COMMUNITY BANK SYSTEMS INC COM 203607106 7270 330000 SH SOLE 330000 COMPASS MINERALS INTERNATIONAL COM 20451n101 11596 165000 SH SOLE 165000 CONOCOPHILLIPS COM 20825C104 9648 196534 SH SOLE 196534 CONSOL ENERGY INC COM 20854P109 279 8250 SH SOLE 8250 CONSTELLATION BRANDS INC COM 21036P108 1117 71525 SH SOLE 71525 CORINTHIAN COLLEGES INCORPORAT COM 218868107 4629 470000 SH SOLE 470000 CORNING INC COM 219350105 10095 625090 SH SOLE 625090 COVENTRY HEALTH CARE INC COM 222862104 229 12950 SH SOLE 12950 CRANE CO COM 224399105 12519 414400 SH SOLE 414400 CSX CORP COM 126408103 8958 180489 SH SOLE 180489 CVS CAREMARK CORP COM 126650100 9030 307985 SH SOLE 307985 DEERE & CO COM 244199105 3073 55185 SH SOLE 55185 DEVON ENERGY CORP COM 25179M103 7200 118182 SH SOLE 118182 DIAGEO PLC ADR COM 25243Q205 3252 51825 SH SOLE 51825 DIAMOND OFFSHORE DRILLING INC COM 25271C102 465 7475 SH SOLE 7475 DOMINION RESOURCES INC VA COM 25746U109 2389 61655 SH SOLE 61655 DONEGAL GROUP INC CL A COM 257701201 910 74046 SH SOLE 74046 DOVER CORP COM 260003108 251 6000 SH SOLE 6000 DU PONT EI DE NEMOURS COM 263534109 3253 94032 SH SOLE 94032 DUKE ENERGY CO COM 26441c105 4885 305342 SH SOLE 305342 EATON CORP COM 278058102 724 11062 SH SOLE 11062 EL PASO ELECTRIC CO COM 283677854 12365 639000 SH SOLE 639000 ELI LILLY CO COM 532457108 10810 322694 SH SOLE 322694 EMERSON ELECTRIC COM 291011104 6575 150492 SH SOLE 150492 ENERGEN CORP COM 29265N108 1968 44400 SH SOLE 44400 ENERPLUS RESOURCES FUND COM 29274D604 1907 88400 SH SOLE 88400 ENERSYS COM 29275Y102 10877 509000 SH SOLE 509000 ENSCO PLC COM 29358Q109 796 20260 SH SOLE 20260 ENTERGY CORP COM 29364G103 931 13000 SH SOLE 13000 EOG RESOURCES INC COM 26875P101 374 3800 SH SOLE 3800 EXELON CORP COM 30161N101 815 21474 SH SOLE 21474 EXXON MOBIL CORPORATION COM 30231G102 12728 223018 SH SOLE 223018 FAMILY DOLLAR STORES COM 307000109 7318 194150 SH SOLE 194150 FEDEX CORPORATION COM 31428X106 228 3250 SH SOLE 3250 FIRST MIDWEST BANCORP INC COM 320867104 6861 564200 SH SOLE 564200 FIRST NIAGRA FINANCIAL GRP COM 33582v108 7243 578020 SH SOLE 578020 FORD MOTOR COMPANY COM 345370860 7404 734500 SH SOLE 734500 FORTUNE BRANDS INC COM 349631101 296 7550 SH SOLE 7550 FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 9331 157801 SH SOLE 157801 GENERAL ELECTRIC COM 369604103 17766 1232051 SH SOLE 1232051 GENERAL MILLS INC COM 370334104 575 16200 SH SOLE 16200 GENUINE PARTS CO COM 372460105 1748 44300 SH SOLE 44300 GLACIER BANCORP INC COM 37637q105 5575 380000 SH SOLE 380000 GLAXOSMITHKLINE PLC ADR COM 37733W105 663 19485 SH SOLE 19485 GOLDCORP INC COM 380956409 287 6550 SH SOLE 6550 GOLDMAN SACHS GROUP COM 38141G104 226 1725 SH SOLE 1725 GRAFTECH INTERNATIONAL LTD COM 384313102 1681 115000 SH SOLE 115000 GRUBB & ELLIS CO COM 400095204 10 10000 SH SOLE 10000 GYMBOREE CORP COM 403777105 11070 259200 SH SOLE 259200 H&R BLOCK INC COM 093671105 555 35392 SH SOLE 35392 HALLIBURTON CO COM 406216101 1098 44740 SH SOLE 44740 HARRIS CORP COM 413875105 13770 330613 SH SOLE 330613 HARTFORD FINANCIAL SERVICES GR COM 416515104 987 44600 SH SOLE 44600 HEINZ HJ CO COM 423074103 428 9900 SH SOLE 9900 HESS CORP COM 42809H107 4789 95140 SH SOLE 95140 HEWLETT-PACKARD CO COM 428236103 13308 307486 SH SOLE 307486 HILLENBRAND INC COM 431571108 345 16114 SH SOLE 16114 HOME DEPOT INC COM 437076102 1323 47119 SH SOLE 47119 HONEYWELL INC COM 438516106 831 21300 SH SOLE 21300 HORMEL FOODS CORP COM 440452100 461 11400 SH SOLE 11400 HSBC HOLDINGS PLC COM 404280406 415 9108 SH SOLE 9108 HSBC HOLDINGS PLC SPONS COM G4634U169 111 12322 SH SOLE 12322 HUBBELL INC CL ""B"" COM 443510201 298 7500 SH SOLE 7500 HUDSON CITY BANCORP INC COM 443683107 11996 979230 SH SOLE 979230 IBERIABANK CORP COM 450828108 6281 122000 SH SOLE 122000 ILLINOIS TOOL WORKS COM 452308109 1218 29516 SH SOLE 29516 IMPALA PLATINUM HLDGS SPONSORE COM 452553308 909 39000 SH SOLE 39000 INGERSOLL RAND CO COM COM G47791101 262 7600 SH SOLE 7600 INSITUFORM TECHNOLOGIES INC COM 457667103 464 22650 SH SOLE 22650 INT'L BUSINESS MACHINES CORP COM 459200101 20941 169589 SH SOLE 169589 INTEL CORP COM 458140100 814 41831 SH SOLE 41831 INTERACTIVE BROKERS GROUP INC COM 45841N107 7619 459000 SH SOLE 459000 J.M. SMUCKER COM COM 832696405 440 7309 SH SOLE 7309 J.P. MORGAN CHASE & CO. COM 46625H100 10304 281461 SH SOLE 281461 JARDEN CORPORATION COM 471109108 12091 450000 SH SOLE 450000 JOHNSON & JOHNSON COM 478160104 14627 247667 SH SOLE 247667 JOS A BANK CLOTHIERS INC COM 480838101 12396 229600 SH SOLE 229600 KAYNE ANDERSON MLP INVT CO COM 486606106 2771 105900 SH SOLE 105900 KELLOGG CO COM 487836108 382 7600 SH SOLE 7600 KIMBERLY-CLARK CORP COM 494368103 19040 314029 SH SOLE 314029 KINDER MORGAN ENERGY PRTNRS COM 494550106 610 9375 SH SOLE 9375 KINETIC CONCEPTS INC COM 49460W208 11866 325000 SH SOLE 325000 KOHLS CORP WISC PV COM 500255104 3425 72105 SH SOLE 72105 KRAFT FOODS COM 50075N104 483 17251 SH SOLE 17251 L-3 COMMUNICATIONS HLDGS INC COM 502424104 9232 130325 SH SOLE 130325 LABORATORY CORPORATION OF AMER COM 50540R409 1085 14400 SH SOLE 14400 LINCOLN NATIONAL COM 534187109 249 10248 SH SOLE 10248 LOCKHEED MARTIN CORP COM 539830109 1217 16335 SH SOLE 16335 MARATHON OIL CORP COM 565849106 1725 55500 SH SOLE 55500 MASTEC INCORPORATED COM 576323109 8648 920000 SH SOLE 920000 MB FINANCIAL INC COM 55264u108 7029 382200 SH SOLE 382200 MEDCO HEALTH SOLUTIONS INC COM 58405U102 1423 25831 SH SOLE 25831 MEDTRONIC INC COM 585055106 817 22532 SH SOLE 22532 MERCK & CO INC/NJ COM 58933Y105 4636 132572 SH SOLE 132572 MET PRO CORP COM 590876306 1313 122030 SH SOLE 122030 METLIFE INC COM 59156R108 12590 333411 SH SOLE 333411 MICROSOFT CORP COM 594918104 1637 71149 SH SOLE 71149 MILLIPORE CORP COM 601073109 2816 26400 SH SOLE 26400 MITSUBISHI UFJ FINANCIAL GROUP COM 606822104 55 12000 SH SOLE 12000 MOOG INC COM 615394202 11665 361925 SH SOLE 361925 McCORMICK & CO INC NON VTG COM 579780206 1256 33100 SH SOLE 33100 McDONALDS CORP COM 580135101 15457 234665 SH SOLE 234665 NATIONAL OILWELL VARCO INC COM 637071101 6373 192720 SH SOLE 192720 NATIONAL PENN BANCSHARES COM 637138108 4717 784935 SH SOLE 784935 NEW JERSEY RESOURCES COM 646025106 1346 38250 SH SOLE 38250 NEXTERA ENERGY INC COM 65339F101 4159 85298 SH SOLE 85298 NOBLE CORP COM H5833N103 3050 98665 SH SOLE 98665 NORFOLK SOUTHERN CORP COM 655844108 4186 78904 SH SOLE 78904 NORTHERN OIL & GAS INC COM 665531109 2183 170000 SH SOLE 170000 NOVO-NORDISK ADR COM 670100205 6182 76300 SH SOLE 76300 NUANCE COMMUNICATIONS INC COM 67020Y100 866 57900 SH SOLE 57900 NYSE EURONEXT COM 629491101 9125 330250 SH SOLE 330250 OCCIDENTAL PETROLEUM CORP COM 674599105 12786 165727 SH SOLE 165727 OMNICOM GROUP INC COM 681919106 433 12620 SH SOLE 12620 ON SEMICONDUCTOR CORPORATION COM 682189105 9224 1445800 SH SOLE 1445800 ORACLE CORPORATION COM 68389X105 14303 666505 SH SOLE 666505 OSHKOSH TRUCK CORP COM 688239201 231 7400 SH SOLE 7400 OWENS ILLINOIS INC COM 690768403 9544 360825 SH SOLE 360825 PARAMETRIC TECH CORP COM 699173209 11988 765000 SH SOLE 765000 PAREXEL INTERNATIONAL COM 699462107 13658 630000 SH SOLE 630000 PARKER-HANNIFIN COM 701094104 2001 36074 SH SOLE 36074 PAYCHEX INC COM 704326107 504 19400 SH SOLE 19400 PENN VIRGINIA CORP COM 707882106 11436 568688 SH SOLE 568688 PEPSICO INC COM 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61197 SH SOLE 61197 THERMO FISHER SCIENTIFIC INC COM 883556102 12411 253028 SH SOLE 253028 TORCHMARK CORP COM 891027104 9447 190812 SH SOLE 190812 TOTAL SA SPON ADR COM 89151E109 10451 234119 SH SOLE 234119 TRANSOCEAN LTD COM H8817H100 1466 31641 SH SOLE 31641 TYCO ELECTRONICS LTD COM H8912P106 346 13625 SH SOLE 13625 TYCO INTERNATIONAL LTD COM H89128104 15719 446196 SH SOLE 446196 U.S. BANCORP DEL COM 902973304 814 36422 SH SOLE 36422 UGI CORP COM 902681105 3676 144499 SH SOLE 144499 UNION PACIFIC CORP COM 907818108 6706 96480 SH SOLE 96480 UNISOURCE ENERGY CORP COM 909205106 6036 200000 SH SOLE 200000 UNITED BANKSHARES COM 909907107 8403 351000 SH SOLE 351000 UNITED PARCEL SERVICE INC COM 911312106 8815 154955 SH SOLE 154955 UNITED TECHNOLOGIES CORP COM 913017109 2751 42376 SH SOLE 42376 V F CORP COM 918204108 5390 75725 SH SOLE 75725 VALERO ENERGY CORP COM 91913Y100 251 13977 SH SOLE 13977 VERIZON COMMUNICATIONS COM 92343V104 5809 207299 SH SOLE 207299 WAL-MART STORES COM 931142103 222 4622 SH SOLE 4622 WALT DISNEY COMPANY COM 254687106 1103 35001 SH SOLE 35001 WASTE MANAGEMENT INC COM 94106L109 12388 395900 SH SOLE 395900 WD-40 CO COM 929236107 2602 77900 SH SOLE 77900 WEBSTER FINANCIAL CORP COM 947890109 7510 418600 SH SOLE 418600 WELLS FARGO & CO COM 949746101 912 35640 SH SOLE 35640 WEST PHARMACEUTICAL SERVICES COM 955306105 11534 316100 SH SOLE 316100 WGL HOLDINGS COM 92924F106 674 19800 SH SOLE 19800 WILMINGTON TRUST CORP COM 971807102 243 21928 SH SOLE 21928 XCEL ENERGY INC COM 98389B100 291 14100 SH SOLE 14100 ISHARES NASDAQ BIOTECH INDX COM 464287556 217 2800 SH SOLE 2800 ISHARES FTSE/XINHUA CHINA COM 464287184 1853 47350 SH SOLE 47350 ISHARES MSCI BRAZIL COM 464286400 238 3850 SH SOLE 3850 ISHARES MSCI EAFE INDEX FD COM 464287465 1039 22350 SH SOLE 22350 ISHARES MSCI EMERGING MKTS IND COM 464287234 5617 150505 SH SOLE 150505 ISHARES MSCI PACIFIC EX JAPAN COM 464286665 443 12400 SH SOLE 12400 VANGUARD EMERGING MARKETS ETF COM 922042858 1493 39300 SH SOLE 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