0000763910-11-000004.txt : 20111114 0000763910-11-000004.hdr.sgml : 20111111 20111114151707 ACCESSION NUMBER: 0000763910-11-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111114 DATE AS OF CHANGE: 20111114 EFFECTIVENESS DATE: 20111114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRATTON MANAGEMENT CO CENTRAL INDEX KEY: 0000763910 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-01484 FILM NUMBER: 111201722 BUSINESS ADDRESS: STREET 1: 610 W GERMANTOWN PIKE STREET 2: STE 300 CITY: PLYMOUTH MEETING STATE: PA ZIP: 19462 BUSINESS PHONE: 6109410888 MAIL ADDRESS: STREET 1: 610 W GERMANTOWN PIKE STREET 2: STE 300 CITY: PLYMOUTH MEETING STATE: PA ZIP: 19462 13F-HR 1 inftable.txt STRATTON MANAGEMENT COMPANY 13F-HR AS OF 9/30/11 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 1842 30000 SH SOLE 30000 AMERICAN CAMPUS COMMUNITIES IN COM 024835100 4205 113000 SH SOLE 113000 APARTMENT INVT & MGMT CO COM 03748r101 1327 60000 SH SOLE 60000 AVALON BAY COMMUNITIES INC COM 053484101 2281 20000 SH SOLE 20000 BOSTON PROPERTIES INC COM 101121101 902 10125 SH SOLE 10125 BRANDYWINE REALTY TRUST SBI COM 105368203 1304 162800 SH SOLE 162800 CAMDEN PROPERTY TRUST COM 133131102 2210 40000 SH SOLE 40000 COLONIAL PROPERTIES TRUST COM 195872106 264 14525 SH SOLE 14525 DCT INDUSTRIAL TRUST INC COM 233153105 878 200000 SH SOLE 200000 DEVELOPERS DIVERSIFIED COM 251591103 722 66264 SH SOLE 66264 DIGITAL REALTY TRUST INC COM 253868103 2846 51600 SH SOLE 51600 EASTGROUP PROPERTIES SBI COM 277276101 2365 62000 SH SOLE 62000 EQUITY ONE INC COM 294752100 793 50000 SH SOLE 50000 EQUITY RESIDENTIAL COM 29476L107 2345 45200 SH SOLE 45200 FEDERAL REALTY INV. TRUST COM 313747206 1772 21500 SH SOLE 21500 GLIMCHER REALTY COM 379302102 1310 185000 SH SOLE 185000 HCP INC COM 40414l109 3583 102182 SH SOLE 102182 HEALTH CARE REIT COM 42217K106 3302 70550 SH SOLE 70550 HEALTHCARE REALTY TRUST COM 421946104 940 55800 SH SOLE 55800 HIGHWOODS PROPERTIES INC COM 431284108 10860 384300 SH SOLE 384300 HOME PROPERTIES OF NEW YORK COM 437306103 13957 245900 SH SOLE 245900 HOSPITALITY PROPERTIES TRUST COM 44106M102 2299 108300 SH SOLE 108300 HOST HOTELS & RESORTS INC COM 44107p104 930 85000 SH SOLE 85000 LASALLE HOTEL PROPERTIES COM 517942108 1632 85000 SH SOLE 85000 LEXINGTON REALTY TRUST COM 529043101 1770 270603 SH SOLE 270603 LIBERTY PROPERTY TRUST COM 531172104 4311 148100 SH SOLE 148100 MACERICH CO COM 554382101 1144 26832 SH SOLE 26832 MACK-CALI REALTY CORP COM 554489104 1605 60000 SH SOLE 60000 MEDICAL PROPERTIES TRUST INC COM 58463j304 11519 1287000 SH SOLE 1287000 MID-AMERICA APARTMENT COMMUNIT COM 59522J103 2409 40000 SH SOLE 40000 NATIONAL RETAIL PPTYS INC COM 637417106 2260 84100 SH SOLE 84100 OMEGA HEALTHCARE INVESTORS COM 681936100 956 60000 SH SOLE 60000 PROLOGIS INC COM 74340W103 8610 355051 SH SOLE 355051 SIMON PROPERTY GROUP INC COM 828806109 4628 42082 SH SOLE 42082 SL GREEN REALTY CORP COM 78440X101 12851 221000 SH SOLE 221000 SUNSTONE HOTEL INVESTORS INC COM 867892101 748 131414 SH SOLE 131414 TANGER FACTORY OUTLET CENTERS COM 875465106 1170 45000 SH SOLE 45000 TAUBMAN CENTERS COM 876664103 755 15000 SH SOLE 15000 UDR INC COM 902653104 3006 135770 SH SOLE 135770 UNIVERSAL HEALTH REALTY INCOME COM 91359E105 1791 53300 SH SOLE 53300 URSTADT BIDDLE PPTYS COM 917286205 1278 80000 SH SOLE 80000 VENTAS INC COM 92276F100 16558 335176 SH SOLE 335176 WASHINGTON REIT COM 939653101 1127 40000 SH SOLE 40000 WP CAREY & CO LLC COM 92930Y107 2047 56200 SH SOLE 56200 3M COMPANY COM 88579Y101 8815 122792 SH SOLE 122792 A T & T INC COM 00206R102 5048 177011 SH SOLE 177011 AARON'S INC COM 002535300 14828 587250 SH SOLE 587250 ABBOTT LABORATORIES COM 002824100 19006 371637 SH SOLE 371637 ACCENTURE PLC - CL A COM G1151C101 12176 231129 SH SOLE 231129 AFFILIATED MANAGERS GROUP INC COM 008252108 12860 164770 SH SOLE 164770 AFLAC INC COM 001055102 2856 81725 SH SOLE 81725 AGRIUM INC COM 008916108 5718 85775 SH SOLE 85775 AIR PRODUCTS & CHEMICALS INC COM 009158106 16830 220375 SH SOLE 220375 AIRGAS INC COM 009363102 2907 45550 SH SOLE 45550 ALCOA COM 013817101 215 22500 SH SOLE 22500 ALLEGHENY TECHNOLOGIES INC COM 01741R102 377 10200 SH SOLE 10200 ALLERGAN INC COM 018490102 626 7603 SH SOLE 7603 ALLSTATE CORPORATION COM 020002101 1478 62390 SH SOLE 62390 ALPHA NATURAL RESOURCES COM 02076x102 531 30000 SH SOLE 30000 ALTRIA GROUP INC COM 02209S103 2381 88800 SH SOLE 88800 AMERICAN ELECTRIC POWER CO COM 025537101 978 25734 SH SOLE 25734 AMERICAN EXPRESS COM 025816109 6704 149315 SH SOLE 149315 AMERICAN WATER WORKS CO INC COM 030420103 5607 185800 SH SOLE 185800 AMERIPRISE FINANCIAL INC COM 03076C106 5927 150585 SH SOLE 150585 AMGEN INC COM 031162100 730 13291 SH SOLE 13291 ANADARKO PETROLEUM CORP COM 032511107 2049 32500 SH SOLE 32500 ANIXTER INTERNATIONAL COM 035290105 12415 261700 SH SOLE 261700 AON CORPORATION COM 037389103 213 5081 SH SOLE 5081 APACHE CORP COM 037411105 7818 97429 SH SOLE 97429 APPLE INC COM 037833100 6477 16985 SH SOLE 16985 ARBITRON INCORPORATED COM 03875Q108 14175 428500 SH SOLE 428500 ARCHER DANIELS MIDLAND COM 039483102 358 14425 SH SOLE 14425 AUTOMATIC DATA PROCESSING INC COM 053015103 236 5000 SH SOLE 5000 AVAGO TECHNOLOGIES LTD COM Y0486S104 5190 158370 SH SOLE 158370 AVISTA CORP COM 05379B107 14429 605000 SH SOLE 605000 AVON PRODUCTS COM 054303102 4100 209201 SH SOLE 209201 BANK OF AMERICA CORP COM 060505104 254 41534 SH SOLE 41534 BAXTER INT'L COM 071813109 1359 24200 SH SOLE 24200 BECTON DICKINSON & CO COM 075887109 10203 139155 SH SOLE 139155 BELDEN CDT INC COM 077454106 11982 464600 SH SOLE 464600 BERKSHIRE HATHAWAY INC CLASS B COM 084670702 355 4998 SH SOLE 4998 BHP BILLITON LTD COM 088606108 266 4000 SH SOLE 4000 BLACK HILLS CORP COM 092113109 922 30100 SH SOLE 30100 BLUE COAT SYSTEMS INCORPORATED COM 09534T508 6510 469000 SH SOLE 469000 BMC SOFTWARE INC COM 055921100 771 20000 SH SOLE 20000 BP PLC COM 055622104 485 13457 SH SOLE 13457 BRINKER INTERNATIONAL INC COM 109641100 7719 369000 SH SOLE 369000 BRISTOL-MYERS SQUIBB COM 110122108 8599 274031 SH SOLE 274031 BUCKEYE PARTNERS L P UNIT LTD COM 118230101 878 14050 SH SOLE 14050 CABOT OIL & GAS CORP COM 127097103 10364 167400 SH SOLE 167400 CACI INTERNATIONAL INC - CL A COM 127190304 7791 156000 SH SOLE 156000 CAMPBELL SOUP COM 134429109 2389 73813 SH SOLE 73813 CANADIAN NATIONAL RAILWAY CO C COM 136375102 666 10000 SH SOLE 10000 CARRIZO OIL & GAS INC COM 144577103 6768 314000 SH SOLE 314000 CASCADE CORP COM 147195101 5893 176500 SH SOLE 176500 CASEYS GENERAL STORES INC COM 147528103 13414 307300 SH SOLE 307300 CATERPILLAR INC COM 149123101 5477 74176 SH SOLE 74176 CENTRAL FUND OF CANADA COM 153501101 538 26000 SH SOLE 26000 CENTURYLINK INC COM 156700106 2267 68439 SH SOLE 68439 CF INDUSTRIES HOLDINGS INC COM 125269100 4430 35900 SH SOLE 35900 CH ENERGY GROUP INC COM 12541M102 511 9800 SH SOLE 9800 CHESAPEAKE ENERGY CORP COM 165167107 278 10875 SH SOLE 10875 CHEVRON CORP COM 166764100 10468 113055 SH SOLE 113055 CHICAGO BRIDGE AND IRON COMPAN COM 167250109 14318 500100 SH SOLE 500100 CHURCH & DWIGHT INC COM 171340102 7902 178770 SH SOLE 178770 CIGNA CORPORATION COM 125509109 250 5950 SH SOLE 5950 CISCO SYSTEMS INC COM 17275R102 193 12450 SH SOLE 12450 COAST DISTRIBUTION SERVICES COM 190345108 34 13000 SH SOLE 13000 COCA-COLA COM 191216100 2282 33771 SH SOLE 33771 COLGATE PALMOLIVE CO COM 194162103 927 10451 SH SOLE 10451 COMMUNITY BANK SYSTEMS INC COM 203607106 7488 330000 SH SOLE 330000 COMPASS MINERALS INTERNATIONAL COM 20451n101 9683 145000 SH SOLE 145000 COMPLETE PRODUCTION SERVICES COM 20453E109 6417 340400 SH SOLE 340400 CONAGRA FOODS INC COM 205887102 257 10600 SH SOLE 10600 CONOCOPHILLIPS COM 20825C104 18176 287043 SH SOLE 287043 CONSOL ENERGY INC COM 20854P109 249 7350 SH SOLE 7350 CONSTELLATION BRANDS INC COM 21036P108 447 24850 SH SOLE 24850 CORNING INC COM 219350105 2199 177950 SH SOLE 177950 COSTCO WHOLESALE CORP COM 22160K105 263 3200 SH SOLE 3200 CRANE CO COM 224399105 12069 338150 SH SOLE 338150 CSX CORP COM 126408103 5182 277562 SH SOLE 277562 CVS CAREMARK CORP COM 126650100 9629 286650 SH SOLE 286650 DARDEN RESTAURANTS INC COM 237194105 7933 185565 SH SOLE 185565 DEERE & CO COM 244199105 8234 127520 SH SOLE 127520 DEVON ENERGY CORP COM 25179M103 5432 97977 SH SOLE 97977 DIAGEO PLC ADR COM 25243Q205 4476 58950 SH SOLE 58950 DIAMOND OFFSHORE DRILLING INC COM 25271C102 457 8350 SH SOLE 8350 DOLLAR GENERAL CORP COM 256677105 442 11700 SH SOLE 11700 DOMINION RESOURCES INC VA COM 25746U109 3018 59450 SH SOLE 59450 DONEGAL GROUP INC CL A COM 257701201 855 71013 SH SOLE 71013 DOVER CORP COM 260003108 4279 91815 SH SOLE 91815 DR PEPPER SNAPPLE GROUP INC COM 26138E109 264 6800 SH SOLE 6800 DU PONT EI DE NEMOURS COM 263534109 3789 94788 SH SOLE 94788 DUKE ENERGY CO COM 26441c105 4917 245987 SH SOLE 245987 EATON CORP COM 278058102 5277 148659 SH SOLE 148659 EL PASO ELECTRIC CO COM 283677854 17980 560300 SH SOLE 560300 ELI LILLY CO COM 532457108 5026 135949 SH SOLE 135949 EMERSON ELECTRIC COM 291011104 6163 149194 SH SOLE 149194 ENERGEN CORP COM 29265N108 1407 34400 SH SOLE 34400 ENERPLUS CORP COM 292766102 2222 90550 SH SOLE 90550 ENERSYS COM 29275Y102 10400 519500 SH SOLE 519500 ENSCO PLC COM 29358Q109 786 19450 SH SOLE 19450 ENTERPRISE PRODUCTS PARTNERS COM 293792107 213 5300 SH SOLE 5300 EXELON CORP COM 30161N101 804 18874 SH SOLE 18874 EXXON MOBIL CORPORATION COM 30231G102 15097 207864 SH SOLE 207864 FAMILY DOLLAR STORES COM 307000109 5027 98836 SH SOLE 98836 FEDEX CORPORATION COM 31428X106 301 4450 SH SOLE 4450 FERRO CORP COM 315405100 4397 715000 SH SOLE 715000 FIRST MIDWEST BANCORP INC COM 320867104 4130 564200 SH SOLE 564200 FIRST NIAGRA FINANCIAL GRP COM 33582v108 5289 578020 SH SOLE 578020 FORD MOTOR COMPANY COM 345370860 5570 575960 SH SOLE 575960 FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 10451 343206 SH SOLE 343206 FRONTIER COMMUNICATIONS CO COM 35906A108 138 22513 SH SOLE 22513 GENERAL ELECTRIC COM 369604103 18388 1208174 SH SOLE 1208174 GENERAL MILLS INC COM 370334104 643 16700 SH SOLE 16700 GENUINE PARTS CO COM 372460105 2210 43500 SH SOLE 43500 GLACIER BANCORP INC COM 37637q105 3561 380000 SH SOLE 380000 GLAXOSMITHKLINE PLC ADR COM 37733W105 670 16218 SH SOLE 16218 GOLDCORP INC COM 380956409 299 6550 SH SOLE 6550 GOOGLE INC CL A COM 38259P508 4138 8035 SH SOLE 8035 GRAFTECH INTERNATIONAL LTD COM 384313102 1206 95000 SH SOLE 95000 GRUBB & ELLIS CO COM 400095204 4 10000 SH SOLE 10000 H&R BLOCK INC COM 093671105 307 23054 SH SOLE 23054 HALLIBURTON CO COM 406216101 919 30125 SH SOLE 30125 HARRIS CORP COM 413875105 4835 141495 SH SOLE 141495 HARTFORD FINANCIAL SERVICES GR COM 416515104 550 34075 SH SOLE 34075 HECLA MINING CO COM 422704106 2948 550000 SH SOLE 550000 HEINZ HJ CO COM 423074103 449 8900 SH SOLE 8900 HESS CORP COM 42809H107 4139 78905 SH SOLE 78905 HEWLETT-PACKARD CO COM 428236103 2487 110767 SH SOLE 110767 HOME DEPOT INC COM 437076102 1029 31320 SH SOLE 31320 HONEYWELL INTL INC COM 438516106 5843 133070 SH SOLE 133070 HORMEL FOODS CORP COM 440452100 616 22800 SH SOLE 22800 HSBC HOLDINGS PLC SPONS COM G4634U169 125 16470 SH SOLE 16470 HUBBELL INC CL ""B"" COM 443510201 372 7500 SH SOLE 7500 HUDSON CITY BANCORP INC COM 443683107 970 171300 SH SOLE 171300 IBERIABANK CORP COM 450828108 7887 167600 SH SOLE 167600 ILLINOIS TOOL WORKS COM 452308109 1107 26616 SH SOLE 26616 INGERSOLL-RAND PLC COM G47791101 956 34050 SH SOLE 34050 INSITUFORM TECHNOLOGIES INC COM 457667103 262 22650 SH SOLE 22650 INT'L BUSINESS MACHINES CORP COM 459200101 22740 130037 SH SOLE 130037 INT'L FLAVORS & FRAGRANCES INC COM 459506101 1200 21336 SH SOLE 21336 INTEL CORP COM 458140100 918 43028 SH SOLE 43028 J.M. SMUCKER COM COM 832696405 533 7309 SH SOLE 7309 J.P. MORGAN CHASE & CO. COM 46625H100 4032 133863 SH SOLE 133863 JARDEN CORPORATION COM 471109108 12717 450000 SH SOLE 450000 JOHNSON & JOHNSON COM 478160104 14068 220889 SH SOLE 220889 JOS A BANK CLOTHIERS INC COM 480838101 15453 331400 SH SOLE 331400 KAYNE ANDERSON MLP INVT CO COM 486606106 3213 115500 SH SOLE 115500 KELLOGG CO COM 487836108 457 8600 SH SOLE 8600 KIMBERLY-CLARK CORP COM 494368103 12067 169929 SH SOLE 169929 KINDER MORGAN ENERGY PRTNRS COM 494550106 668 9775 SH SOLE 9775 KINETIC CONCEPTS INC COM 49460W208 15379 233400 SH SOLE 233400 KOHLS CORP WISC PV COM 500255104 1941 39525 SH SOLE 39525 KRAFT FOODS COM 50075N104 1550 46151 SH SOLE 46151 L-3 COMMUNICATIONS HLDGS INC COM 502424104 3418 55157 SH SOLE 55157 LABORATORY CORPORATION OF AMER COM 50540R409 810 10250 SH SOLE 10250 LOCKHEED MARTIN CORP COM 539830109 1012 13925 SH SOLE 13925 MACY'S INC COM 55616P104 1053 40000 SH SOLE 40000 MARATHON OIL CORP COM 565849106 935 43350 SH SOLE 43350 MARATHON PETROLEUM CORP COM 56585A102 475 17550 SH SOLE 17550 MARRIOTT INTERNATIONAL INC CL COM 571903202 1090 40000 SH SOLE 40000 MARSH & McLENNAN COM 571748102 212 8000 SH SOLE 8000 MASTEC INCORPORATED COM 576323109 16906 960000 SH SOLE 960000 MB FINANCIAL INC COM 55264u108 6280 426600 SH SOLE 426600 MEDCO HEALTH SOLUTIONS INC COM 58405U102 830 17709 SH SOLE 17709 MEDICIS PHARMACEUTICAL CL A COM 584690309 15322 420000 SH SOLE 420000 MERCK & CO INC/NJ COM 58933Y105 3786 115772 SH SOLE 115772 MET PRO CORP COM 590876306 1026 119564 SH SOLE 119564 METLIFE INC COM 59156R108 7866 280811 SH SOLE 280811 METRO PCS COMMUNICATIONS INC COM 591708102 3018 346745 SH SOLE 346745 MICROSOFT CORP COM 594918104 13048 524240 SH SOLE 524240 MINERALS TECHNOLIGIES INC COM 603158106 1281 26000 SH SOLE 26000 MITSUBISHI UFJ FINANCIAL GROUP COM 606822104 80 18000 SH SOLE 18000 MOOG INC COM 615394202 11806 361925 SH SOLE 361925 MURPHY OIL CORP COM 626717102 3408 77185 SH SOLE 77185 McCORMICK & CO INC NON VTG COM 579780206 1528 33100 SH SOLE 33100 McDONALDS CORP COM 580135101 12399 141184 SH SOLE 141184 NATIONAL OILWELL VARCO INC COM 637071101 6297 122950 SH SOLE 122950 NESTLE S A SPONS ADR COM 641069406 488 8850 SH SOLE 8850 NEW JERSEY RESOURCES COM 646025106 1628 38250 SH SOLE 38250 NEXTERA ENERGY INC COM 65339F101 4962 91848 SH SOLE 91848 NOBLE CORP COM H5833N103 1647 56125 SH SOLE 56125 NORFOLK SOUTHERN CORP COM 655844108 4898 80266 SH SOLE 80266 NORTHERN OIL & GAS INC COM 665531109 6690 345000 SH SOLE 345000 NORTHWEST BANCSHARES INC COM 667340103 8932 750000 SH SOLE 750000 NOVARTIS AG COM 66987v109 223 4000 SH SOLE 4000 NOVO-NORDISK ADR COM 670100205 6897 69300 SH SOLE 69300 NUANCE COMMUNICATIONS INC COM 67020Y100 997 49000 SH SOLE 49000 NYSE EURONEXT COM 629491101 6828 293790 SH SOLE 293790 OCCIDENTAL PETROLEUM CORP COM 674599105 10160 142102 SH SOLE 142102 OMNICOM GROUP INC COM 681919106 406 11020 SH SOLE 11020 ON SEMICONDUCTOR CORPORATION COM 682189105 9842 1370800 SH SOLE 1370800 ORACLE CORPORATION COM 68389X105 13108 456097 SH SOLE 456097 OWENS ILLINOIS INC COM 690768403 188 12450 SH SOLE 12450 PARAMETRIC TECH CORP COM 699173209 10997 715000 SH SOLE 715000 PAREXEL INTERNATIONAL COM 699462107 10790 570000 SH SOLE 570000 PARKER-HANNIFIN COM 701094104 2192 34724 SH SOLE 34724 PATRIOT COAL CORP COM 70336t104 4230 500000 SH SOLE 500000 PAYCHEX INC COM 704326107 493 18700 SH SOLE 18700 PENN VIRGINIA CORP COM 707882106 174 31300 SH SOLE 31300 PEPSICO INC COM 713448108 6118 98837 SH SOLE 98837 PETROLEO BRASILEIRO S.A.-ADR COM 71654V408 553 24650 SH SOLE 24650 PFIZER INC COM 717081103 3291 186143 SH SOLE 186143 PHILIP MORRIS INTERNATIONAL IN COM 718172109 2411 38650 SH SOLE 38650 PIEDMONT NATURAL GAS COM 720186105 3769 130466 SH SOLE 130466 PITNEY BOWES INC COM 724479100 365 19416 SH SOLE 19416 PNC FINANCIAL SERVICES GROUP COM 693475105 9327 193555 SH SOLE 193555 POLYONE CORP COM 73179P106 7990 746000 SH SOLE 746000 PORTLAND GENERAL ELECTRIC CO COM 736508847 8611 363500 SH SOLE 363500 POTASH CORP OF SASKATCHEWAN COM 73755L107 826 19104 SH SOLE 19104 PPG IND INC COM 693506107 6577 93075 SH SOLE 93075 PPL CORP COM 69351T106 2786 97626 SH SOLE 97626 PRAXAIR INC COM 74005P104 653 6985 SH SOLE 6985 PROCTER & GAMBLE COM 742718109 5633 89153 SH SOLE 89153 PRUDENTIAL FINANCIAL COM 744320102 7214 153950 SH SOLE 153950 PUBLIC SERVICE ENTERPRISE INC COM 744573106 766 22968 SH SOLE 22968 QUEST DIAGNOSTICS COM 74834L100 908 18398 SH SOLE 18398 QUEST SOFTWARE INCORPORATED COM 74834T103 8956 564000 SH SOLE 564000 R R DONNELLEY & SONS CO COM 257867101 597 42300 SH SOLE 42300 RALCORP HOLDINGS INC COM 751028101 11737 153000 SH SOLE 153000 RAYTHEON COM 755111507 2763 67615 SH SOLE 67615 RF MICRO DEVICES COM 749941100 9998 1577000 SH SOLE 1577000 RGC RESOURCES COM 74955l103 878 47332 SH SOLE 47332 ROYAL DUTCH SHELL PLC COM 780259206 1139 18518 SH SOLE 18518 RPM INC COM 749685103 4196 224378 SH SOLE 224378 RUDDICK CORP COM 781258108 15654 401500 SH SOLE 401500 SCHLUMBERGER LTD COM 806857108 2440 40857 SH SOLE 40857 SCHNITZER STEEL INDUSTRIES COM 806882106 1288 35000 SH SOLE 35000 SELECTIVE INSURANCE COM 816300107 6593 505200 SH SOLE 505200 SHAW GROUP INCORPORATED COM 820280105 8639 397400 SH SOLE 397400 SIGNATURE BANK COM 82669g104 11214 235000 SH SOLE 235000 SILGAN HOLDINGS INC COM 827048109 15357 418000 SH SOLE 418000 SOLERA HOLDINGS INC COM 83421A104 13635 270000 SH SOLE 270000 SOUTHERN CO COM 842587107 326 7700 SH SOLE 7700 SOUTHWEST GAS CORP COM 844895102 16276 450000 SH SOLE 450000 STARWOOD HOTELS RESORTS WORLDW COM 85590A401 970 25000 SH SOLE 25000 SUN LIFE FINANCIAL COM 866796105 1844 77500 SH SOLE 77500 SUPERIOR ENERGY SERVICES COM 868157108 8594 327500 SH SOLE 327500 SVB FINANCIAL GROUP COM 78486q101 8843 239000 SH SOLE 239000 SYSCO CORP COM 871829107 3118 120400 SH SOLE 120400 TARGET CORP COM 87612E106 5885 120000 SH SOLE 120000 TE CONNECTIVITY LTD COM H84989104 330 11725 SH SOLE 11725 TECK RESOURCES LTD CL B COM 878742204 289 9900 SH SOLE 9900 TELEFLEX INC COM 879369106 237 4400 SH SOLE 4400 TEXTRON INC COM COM 883203101 255 14475 SH SOLE 14475 THE MOSAIC CO COM 61945C103 5898 120450 SH SOLE 120450 THE TRAVELERS COMPANIES INC COM 89417e109 2181 44756 SH SOLE 44756 THERMO FISHER SCIENTIFIC INC COM 883556102 10416 205683 SH SOLE 205683 TORCHMARK CORP COM 891027104 1490 42750 SH SOLE 42750 TORONTO-DOMINION BANK COM 891160509 397 5593 SH SOLE 5593 TOTAL SA SPON ADR COM 89151E109 7368 167949 SH SOLE 167949 TRACTOR SUPPLY CO COM 892356106 1076 17200 SH SOLE 17200 TRANSOCEAN LTD COM H8817H100 7452 156086 SH SOLE 156086 TYCO INTERNATIONAL LTD COM H89128104 11944 293106 SH SOLE 293106 U.S. BANCORP COM 902973304 8124 345117 SH SOLE 345117 UGI CORP COM 902681105 3342 127199 SH SOLE 127199 UNION PACIFIC CORP COM 907818108 7240 88645 SH SOLE 88645 UNISOURCE ENERGY CORP COM 909205106 8131 225300 SH SOLE 225300 UNITED BANKSHARES COM 909907107 7052 351000 SH SOLE 351000 UNITED PARCEL SERVICE INC COM 911312106 13836 219105 SH SOLE 219105 UNITED RENTALS COM 911363109 6736 400000 SH SOLE 400000 UNITED TECHNOLOGIES CORP COM 913017109 2772 39392 SH SOLE 39392 V F CORP COM 918204108 11944 98290 SH SOLE 98290 VALERO ENERGY CORP COM 91913Y100 229 12877 SH SOLE 12877 VERIZON COMMUNICATIONS COM 92343V104 7914 215065 SH SOLE 215065 WALT DISNEY COMPANY COM 254687106 1041 34501 SH SOLE 34501 WARNER CHILCOTT PLC - CL A COM G94368100 4164 291185 SH SOLE 291185 WASTE MANAGEMENT INC COM 94106L109 10356 318066 SH SOLE 318066 WD-40 CO COM 929236107 3084 77400 SH SOLE 77400 WEBSTER FINANCIAL CORP COM 947890109 6405 418600 SH SOLE 418600 WELLS FARGO & CO COM 949746101 855 35444 SH SOLE 35444 WEST PHARMACEUTICAL SERVICES COM 955306105 11727 316100 SH SOLE 316100 WGL HOLDINGS COM 92924F106 774 19800 SH SOLE 19800 WHIRLPOOL CORP COM 963320106 203 4075 SH SOLE 4075 XCEL ENERGY INC COM 98389B100 328 13300 SH SOLE 13300 ZIMMER HOLDINGS INC COM 98956P102 4910 91803 SH SOLE 91803 ISHARES NASDAQ BIOTECH INDX COM 464287556 261 2800 SH SOLE 2800 SPDR GOLD TRUST GOLD SHS COM 78463V107 205 1300 SH SOLE 1300 SPDR S&P 500 ETF TRUST COM 78462F103 224 1980 SH SOLE 1980 ISHARES FTSE CHINA 25 INDEX FU COM 464287184 1599 51850 SH SOLE 51850 ISHARES MSCI EMERGING MKTS IND COM 464287234 5858 166905 SH SOLE 166905 ISHARES MSCI PACIFIC EX JAPAN COM 464286665 1506 40950 SH SOLE 40950 VANGUARD MSCI EMERGING MARKETS COM 922042858 2249 62775 SH SOLE 62775 SCHWAB S&P 500 FD - SELECT MF 808509855 189 10552.212SH SOLE 10552.212 VANGUARD INDEX TRUST 500 MF 922908108 279 2674.445 SH SOLE 2674.445 STRATTON MULTI-CAP FUND INC MF 863144101 2592 87984.716SH SOLE 87984.716 STRATTON REAL ESTATE FUND INC MF 863147104 1347 55527.904SH SOLE 55527.904 STRATTON SMALL-CAP VALUE FUND MF 863137105 12149 277124.946SH SOLE 277124.946 DNP SELECT INCOME FUND INC MF 23325P104 229 22900.000SH SOLE 22900.000