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