0000763910-12-000004.txt : 20121106
0000763910-12-000004.hdr.sgml : 20121106
20121106152222
ACCESSION NUMBER: 0000763910-12-000004
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120930
FILED AS OF DATE: 20121106
DATE AS OF CHANGE: 20121106
EFFECTIVENESS DATE: 20121106
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: 121183017
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
inftableSMC_093012.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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ACADIA REALTY TRUST COM 004239109 2172 87500 SH SOLE 87500
ALEXANDRIA REAL ESTATE EQUITIE COM 015271109 2206 30000 SH SOLE 30000
AMERICAN CAMPUS COMMUNITIES IN COM 024835100 4612 105100 SH SOLE 105100
AVALON BAY COMMUNITIES INC COM 053484101 1360 10000 SH SOLE 10000
BOSTON PROPERTIES INC COM 101121101 1106 10000 SH SOLE 10000
BRANDYWINE REALTY TRUST SBI COM 105368203 1271 104250 SH SOLE 104250
CAMDEN PROPERTY TRUST COM 133131102 1935 30000 SH SOLE 30000
CUBE SMART COM 229663109 1802 140000 SH SOLE 140000
DDR CORP COM 23317H102 1939 126264 SH SOLE 126264
DIGITAL REALTY TRUST INC COM 253868103 3964 56750 SH SOLE 56750
DUPONT FABROS TECHNOLOGY COM 26613Q106 1818 72000 SH SOLE 72000
EASTGROUP PROPERTIES SBI COM 277276101 3192 60000 SH SOLE 60000
EDUCATION REALTY TRUST INC COM 28140H104 1635 150000 SH SOLE 150000
EQUITY ONE INC COM 294752100 1053 50000 SH SOLE 50000
EQUITY RESIDENTIAL COM 29476L107 299 5200 SH SOLE 5200
FEDERAL REALTY INV. TRUST COM 313747206 2264 21500 SH SOLE 21500
FIRST INDUSTRIAL REALTY TRUST COM 32054K103 1708 130000 SH SOLE 130000
GENERAL GROWTH PROPERTIES COM 370023103 1851 95000 SH SOLE 95000
GLIMCHER REALTY COM 379302102 1955 185000 SH SOLE 185000
HCP INC COM 40414l109 2647 59500 SH SOLE 59500
HEALTH CARE REIT COM 42217K106 3889 67350 SH SOLE 67350
HEALTHCARE REALTY TRUST COM 421946104 1286 55800 SH SOLE 55800
HIGHWOODS PROPERTIES INC COM 431284108 14365 440364 SH SOLE 440364
HOME PROPERTIES OF NEW YORK COM 437306103 15158 247400 SH SOLE 247400
HOSPITALITY PROPERTIES TRUST COM 44106M102 347 14600 SH SOLE 14600
HOST HOTELS & RESORTS INC COM 44107p104 1605 100000 SH SOLE 100000
KIMCO REALTY CORP COM 49446R109 7112 350880 SH SOLE 350880
LASALLE HOTEL PROPERTIES COM 517942108 1201 45000 SH SOLE 45000
LEXINGTON REALTY TRUST COM 529043101 2565 265552 SH SOLE 265552
LIBERTY PROPERTY TRUST COM 531172104 2602 71800 SH SOLE 71800
MACERICH CO COM 554382101 1536 26832 SH SOLE 26832
MEDICAL PROPERTIES TRUST INC COM 58463j304 14109 1350100 SH SOLE 1350100
MID-AMERICA APARTMENT COMMUNIT COM 59522J103 1959 30000 SH SOLE 30000
NATIONAL RETAIL PPTYS INC COM 637417106 2599 85200 SH SOLE 85200
OMEGA HEALTHCARE INVESTORS COM 681936100 1136 50000 SH SOLE 50000
REGENCY CENTERS CORP COM 758849103 1218 25000 SH SOLE 25000
RLJ LODGING TRUST COM 74965L101 1891 100000 SH SOLE 100000
SIMON PROPERTY GROUP INC COM 828806109 7090 46700 SH SOLE 46700
SL GREEN REALTY CORP COM 78440X101 17736 221500 SH SOLE 221500
SUNSTONE HOTEL INVESTORS INC COM 867892101 1446 131414 SH SOLE 131414
TANGER FACTORY OUTLET CENTERS COM 875465106 1940 60000 SH SOLE 60000
TAUBMAN CENTERS COM 876664103 2302 30000 SH SOLE 30000
UDR INC COM 902653104 2816 113452 SH SOLE 113452
UNIVERSAL HEALTH REALTY INCOME COM 91359E105 2451 53300 SH SOLE 53300
VENTAS INC COM 92276F100 15637 251202 SH SOLE 251202
3M COMPANY COM 88579Y101 7807 84475 SH SOLE 84475
A T & T INC COM 00206R102 5164 136987 SH SOLE 136987
AARON'S INC COM 002535300 15314 550650 SH SOLE 550650
ABBOTT LABORATORIES COM 002824100 17889 260931 SH SOLE 260931
ACCENTURE PLC - CL A COM G1151C101 12055 172140 SH SOLE 172140
ACTUANT CORP - CL A COM 00508X203 15005 524300 SH SOLE 524300
ADVANCED SEMICONDUCTOR ADR COM 00756M404 81 21629 SH SOLE 21629
AEGION CORP COM 00770F104 434 22650 SH SOLE 22650
AFFILIATED MANAGERS GROUP INC COM 008252108 19344 157270 SH SOLE 157270
AFLAC INC COM 001055102 1549 32350 SH SOLE 32350
AGRIUM INC COM 008916108 2442 23600 SH SOLE 23600
AIR PRODUCTS & CHEMICALS INC COM 009158106 10391 125641 SH SOLE 125641
AIRGAS INC COM 009363102 2288 27800 SH SOLE 27800
ALCOA COM 013817101 102 11500 SH SOLE 11500
ALLERGAN INC COM 018490102 549 6000 SH SOLE 6000
ALLSTATE CORPORATION COM 020002101 1910 48225 SH SOLE 48225
ALTRIA GROUP INC COM 02209S103 2483 74360 SH SOLE 74360
AMERICAN ELECTRIC POWER CO COM 025537101 316 7200 SH SOLE 7200
AMERICAN EXPRESS COM 025816109 4351 76530 SH SOLE 76530
AMERICAN WATER WORKS CO INC COM 030420103 5764 155525 SH SOLE 155525
AMERIPRISE FINANCIAL INC COM 03076C106 6107 107720 SH SOLE 107720
AMGEN INC COM 031162100 5948 70566 SH SOLE 70566
ANADARKO PETROLEUM CORP COM 032511107 1416 20250 SH SOLE 20250
ANIXTER INTERNATIONAL COM 035290105 15078 262400 SH SOLE 262400
ANN INC COM 035623107 17601 466498 SH SOLE 466498
APACHE CORP COM 037411105 5931 68585 SH SOLE 68585
APPLE INC COM 037833100 6816 10218 SH SOLE 10218
ARBITRON INCORPORATED COM 03875Q108 15789 416600 SH SOLE 416600
ARCHER DANIELS MIDLAND COM 039483102 271 9975 SH SOLE 9975
AVAGO TECHNOLOGIES LTD COM Y0486S104 3772 108200 SH SOLE 108200
AVISTA CORP COM 05379B107 11768 457186 SH SOLE 457186
BANK OF AMERICA CORP COM 060505104 119 13454 SH SOLE 13454
BAR HARBOR BANKSHARES COM 066849100 250 7000 SH SOLE 7000
BAXTER INT'L COM 071813109 759 12600 SH SOLE 12600
BEACON ROOFING SUPPLY INC COM 073685109 10880 382000 SH SOLE 382000
BECTON DICKINSON & CO COM 075887109 4049 51540 SH SOLE 51540
BELDEN CDT INC COM 077454106 17179 465800 SH SOLE 465800
BHP BILLITON LTD COM 088606108 403 5870 SH SOLE 5870
BLACK HILLS CORP COM 092113109 1117 31400 SH SOLE 31400
BOARDWALK PIPELINE PARTNERS COM 096627104 273 9800 SH SOLE 9800
BRINKER INTERNATIONAL INC COM 109641100 15927 451200 SH SOLE 451200
BRISTOL-MYERS SQUIBB COM 110122108 7954 235670 SH SOLE 235670
BUCKEYE PARTNERS L P UNIT LTD COM 118230101 353 7350 SH SOLE 7350
CABELA'S INC COM 126804301 21726 397322 SH SOLE 397322
CABOT OIL & GAS CORP COM 127097103 15073 335700 SH SOLE 335700
CACI INTERNATIONAL INC - CL A COM 127190304 8100 156400 SH SOLE 156400
CAMPBELL SOUP COM 134429109 2521 72400 SH SOLE 72400
CANADIAN NATIONAL RAILWAY CO C COM 136375102 441 5000 SH SOLE 5000
CAPITAL ONE FINANCIAL CORP VA COM 14040H105 3068 53810 SH SOLE 53810
CARDTRONICS INC COM 14161H108 9065 304600 SH SOLE 304600
CARRIZO OIL & GAS INC COM 144577103 9504 380000 SH SOLE 380000
CASCADE CORP COM 147195101 9689 177000 SH SOLE 177000
CASEYS GENERAL STORES INC COM 147528103 17605 308100 SH SOLE 308100
CATERPILLAR INC COM 149123101 6978 81106 SH SOLE 81106
CENTRAL FUND OF CANADA COM 153501101 619 26000 SH SOLE 26000
CENTURYLINK INC COM 156700106 1941 48046 SH SOLE 48046
CF INDUSTRIES HOLDINGS INC COM 125269100 4041 18185 SH SOLE 18185
CH ENERGY GROUP INC COM 12541M102 639 9800 SH SOLE 9800
CHEVRON CORP COM 166764100 9170 78669 SH SOLE 78669
CHICAGO BRIDGE AND IRON COMPAN COM 167250109 20161 529300 SH SOLE 529300
CHURCH & DWIGHT INC COM 171340102 7769 143900 SH SOLE 143900
CISCO SYSTEMS INC COM 17275R102 683 35754 SH SOLE 35754
COAST DISTRIBUTION SERVICES COM 190345108 27 13000 SH SOLE 13000
COCA-COLA COM 191216100 1305 34402 SH SOLE 34402
COLGATE PALMOLIVE CO COM 194162103 343 3201 SH SOLE 3201
COMMUNITY BANK SYSTEMS INC COM 203607106 9325 330800 SH SOLE 330800
COMPASS MINERALS INTERNATIONAL COM 20451n101 8451 113300 SH SOLE 113300
CONAGRA FOODS INC COM 205887102 243 8800 SH SOLE 8800
CONOCOPHILLIPS COM 20825C104 9518 166451 SH SOLE 166451
COPA HOLDINGS SA CLASS A COM P31076105 203 2500 SH SOLE 2500
CORNING INC COM 219350105 616 46875 SH SOLE 46875
CRANE CO COM 224399105 13538 339050 SH SOLE 339050
CREDICORP LIMITED COM g2519y108 213 1700 SH SOLE 1700
CSX CORP COM 126408103 3608 173887 SH SOLE 173887
CVS CAREMARK CORP COM 126650100 8143 168175 SH SOLE 168175
DARDEN RESTAURANTS INC COM 237194105 8885 159375 SH SOLE 159375
DEERE & CO COM 244199105 9444 114520 SH SOLE 114520
DEVON ENERGY CORP COM 25179M103 1060 17516 SH SOLE 17516
DIAGEO PLC ADR COM 25243Q205 4686 41565 SH SOLE 41565
DIAMOND OFFSHORE DRILLING INC COM 25271C102 734 11150 SH SOLE 11150
DOMINION RESOURCES INC VA COM 25746U109 2860 54025 SH SOLE 54025
DONEGAL GROUP INC CL A COM 257701201 515 36694 SH SOLE 36694
DOVER CORP COM 260003108 2923 49130 SH SOLE 49130
DR PEPPER SNAPPLE GROUP INC COM 26138E109 458 10275 SH SOLE 10275
DU PONT EI DE NEMOURS COM 263534109 2998 59633 SH SOLE 59633
DUKE ENERGY CO COM 26441C204 3553 54843 SH SOLE 54843
EATON CORP COM 278058102 11387 240900 SH SOLE 240900
EL PASO ELECTRIC CO COM 283677854 13264 387281 SH SOLE 387281
ELI LILLY CO COM 532457108 5162 108874 SH SOLE 108874
EMC CORP COM 268648102 215 7900 SH SOLE 7900
EMERSON ELECTRIC COM 291011104 6149 127388 SH SOLE 127388
ENERGEN CORP COM 29265N108 1122 21400 SH SOLE 21400
ENERPLUS CORP COM 292766102 831 50050 SH SOLE 50050
ENERSYS COM 29275Y102 18379 520800 SH SOLE 520800
ENSCO PLC - CL A COM G3157S106 4708 86295 SH SOLE 86295
EXELON CORP COM 30161N101 272 7642 SH SOLE 7642
EXPRESS SCRIPTS HOLDING CO COM 30219G108 999 15958 SH SOLE 15958
EXXON MOBIL CORPORATION COM 30231G102 12045 131708 SH SOLE 131708
FAMILY DOLLAR STORES COM 307000109 4144 62500 SH SOLE 62500
FEDEX CORPORATION COM 31428X106 2931 34640 SH SOLE 34640
FIRST MIDWEST BANCORP INC COM 320867104 6537 520500 SH SOLE 520500
FIRST NIAGRA FINANCIAL GRP COM 33582v108 4676 579448 SH SOLE 579448
FISERV INC COM 337738108 4500 60780 SH SOLE 60780
FLEXTRONICS INTERNATIONAL LIMI COM Y2573F102 120 20000 SH SOLE 20000
FORD MOTOR COMPANY COM 345370860 1494 151525 SH SOLE 151525
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 11301 285514 SH SOLE 285514
GENERAL ELECTRIC COM 369604103 18682 822617 SH SOLE 822617
GENERAL MILLS INC COM 370334104 618 15500 SH SOLE 15500
GENUINE PARTS CO COM 372460105 2561 41960 SH SOLE 41960
GLACIER BANCORP INC COM 37637q105 5940 381000 SH SOLE 381000
GLAXOSMITHKLINE PLC ADR COM 37733W105 483 10455 SH SOLE 10455
GOLDCORP INC COM 380956409 346 7550 SH SOLE 7550
GOOGLE INC CL A COM 38259P508 5183 6870 SH SOLE 6870
H&R BLOCK INC COM 093671105 200 11550 SH SOLE 11550
HALLIBURTON CO COM 406216101 4880 144840 SH SOLE 144840
HARRIS CORP COM 413875105 3439 67150 SH SOLE 67150
HARRIS TEETER SUPERMARKETS I COM 414585109 15633 402500 SH SOLE 402500
HEINZ HJ CO COM 423074103 464 8300 SH SOLE 8300
HESS CORP COM 42809H107 720 13400 SH SOLE 13400
HEWLETT-PACKARD CO COM 428236103 698 40925 SH SOLE 40925
HOME DEPOT INC COM 437076102 1693 28050 SH SOLE 28050
HONEYWELL INTL INC COM 438516106 5739 96050 SH SOLE 96050
HORMEL FOODS CORP COM 440452100 643 22000 SH SOLE 22000
IBERIABANK CORP COM 450828108 7694 168000 SH SOLE 168000
ILLINOIS TOOL WORKS COM 452308109 1469 24701 SH SOLE 24701
INGERSOLL-RAND PLC COM G47791101 374 8350 SH SOLE 8350
INT'L BUSINESS MACHINES CORP COM 459200101 17202 82921 SH SOLE 82921
INTEL CORP COM 458140100 3336 147254 SH SOLE 147254
J.M. SMUCKER COM COM 832696405 1057 12244 SH SOLE 12244
JARDEN CORPORATION COM 471109108 23841 451200 SH SOLE 451200
JOHNSON & JOHNSON COM 478160104 8850 128427 SH SOLE 128427
JOS A BANK CLOTHIERS INC COM 480838101 14016 289100 SH SOLE 289100
JPMORGAN CHASE & CO. COM 46625H100 8763 216468 SH SOLE 216468
KAYNE ANDERSON ENERGY DEVELOPM COM 48660Q102 226 8500 SH SOLE 8500
KAYNE ANDERSON MLP INVT CO COM 486606106 4897 156750 SH SOLE 156750
KELLOGG CO COM 487836108 318 6147 SH SOLE 6147
KIMBERLY-CLARK CORP COM 494368103 11105 129454 SH SOLE 129454
KINDER MORGAN ENERGY PRTNRS COM 494550106 551 6675 SH SOLE 6675
KODIAK OIL & GAS CORP COM 50015Q100 10779 1151650 SH SOLE 1151650
KOHLS CORP WISC PV COM 500255104 738 14400 SH SOLE 14400
KRAFT FOODS COM 1862 45040 SH SOLE 45040
L-3 COMMUNICATIONS HLDGS INC COM 502424104 1486 20725 SH SOLE 20725
LABORATORY CORPORATION OF AMER COM 50540R409 680 7350 SH SOLE 7350
LOCKHEED MARTIN CORP COM 539830109 710 7600 SH SOLE 7600
LOWES COMPANIES INC COM 548661107 201 6650 SH SOLE 6650
MACY'S INC COM 55616P104 4428 117705 SH SOLE 117705
MAGELLAN MIDSTREAM PARTNERS LL COM 559080106 256 2930 SH SOLE 2930
MARATHON OIL CORP COM 565849106 696 23550 SH SOLE 23550
MARATHON PETROLEUM CORP COM 56585A102 494 9050 SH SOLE 9050
MARRIOTT INTERNATIONAL INC CL COM 571903202 1564 40000 SH SOLE 40000
MASTEC INCORPORATED COM 576323109 20143 1022500 SH SOLE 1022500
MB FINANCIAL INC COM 55264u108 8447 427700 SH SOLE 427700
MCMORAN EXPLORATION CO COM 582411104 502 42750 SH SOLE 42750
MEDICIS PHARMACEUTICAL CL A COM 584690309 19476 450100 SH SOLE 450100
MERCK & CO INC/NJ COM 58933Y105 4132 91622 SH SOLE 91622
MEREDITH CORP COM 589433101 593 16950 SH SOLE 16950
MET PRO CORP COM 590876306 715 79837 SH SOLE 79837
METLIFE INC COM 59156R108 3737 108459 SH SOLE 108459
MICROSOFT CORP COM 594918104 12849 431755 SH SOLE 431755
MITSUBISHI UFJ FINANCIAL GROUP COM 606822104 84 18000 SH SOLE 18000
MOOG INC COM 615394202 14460 381825 SH SOLE 381825
MURPHY OIL CORP COM 626717102 654 12175 SH SOLE 12175
McCORMICK & CO INC NON VTG COM 579780206 1985 32000 SH SOLE 32000
McDONALDS CORP COM 580135101 8789 95788 SH SOLE 95788
NATIONAL OILWELL VARCO INC COM 637071101 5938 74125 SH SOLE 74125
NEW JERSEY RESOURCES COM 646025106 1749 38250 SH SOLE 38250
NEWMONT MINING CORP COM 651639106 277 4950 SH SOLE 4950
NEXTERA ENERGY INC COM 65339F101 3887 55270 SH SOLE 55270
NOBLE CORP COM H5833N103 1303 36430 SH SOLE 36430
NORFOLK SOUTHERN CORP COM 655844108 4310 67741 SH SOLE 67741
NORTHERN OIL & GAS INC COM 665531109 7886 464150 SH SOLE 464150
NORTHWEST BANCSHARES INC COM 667340103 11320 925621 SH SOLE 925621
NOVO-NORDISK ADR COM 670100205 8577 54350 SH SOLE 54350
NUANCE COMMUNICATIONS INC COM 67020Y100 1651 66350 SH SOLE 66350
NYSE EURONEXT COM 629491101 1353 54900 SH SOLE 54900
OCCIDENTAL PETROLEUM CORP COM 674599105 7810 90755 SH SOLE 90755
OMNICOM GROUP INC COM 681919106 284 5500 SH SOLE 5500
ON SEMICONDUCTOR CORPORATION COM 682189105 8931 1446300 SH SOLE 1446300
ORACLE CORPORATION COM 68389X105 9446 300258 SH SOLE 300258
OSHKOSH TRUCK CORP COM 688239201 8256 301000 SH SOLE 301000
PARAMETRIC TECH CORP COM 699173209 15605 716800 SH SOLE 716800
PAREXEL INTERNATIONAL COM 699462107 17579 571500 SH SOLE 571500
PARKER-HANNIFIN COM 701094104 2259 27025 SH SOLE 27025
PAYCHEX INC COM 704326107 621 18650 SH SOLE 18650
PEPSICO INC COM 713448108 5525 78073 SH SOLE 78073
PFIZER INC COM 717081103 3249 130750 SH SOLE 130750
PHILIP MORRIS INTERNATIONAL IN COM 718172109 2865 31860 SH SOLE 31860
PHILLIPS 66 COM 718546104 9776 210820 SH SOLE 210820
PIEDMONT NATURAL GAS COM 720186105 4004 123286 SH SOLE 123286
PNC FINANCIAL SERVICES GROUP COM 693475105 10603 168035 SH SOLE 168035
POLYONE CORP COM 73179P106 14470 873250 SH SOLE 873250
PORTLAND GENERAL ELECTRIC CO COM 736508847 9853 364400 SH SOLE 364400
POTASH CORP OF SASKATCHEWAN COM 73755L107 239 5500 SH SOLE 5500
PPG IND INC COM 693506107 8139 70875 SH SOLE 70875
PPL CORP COM 69351T106 1810 62300 SH SOLE 62300
PRAXAIR INC COM 74005P104 867 8345 SH SOLE 8345
PROCTER & GAMBLE COM 742718109 5238 75518 SH SOLE 75518
PRUDENTIAL FINANCIAL COM 744320102 2287 41950 SH SOLE 41950
PUBLIC SERVICE ENTERPRISE INC COM 744573106 576 17900 SH SOLE 17900
QUAKER CHEMICAL COM 747316107 350 7500 SH SOLE 7500
QUEST DIAGNOSTICS COM 74834L100 875 13798 SH SOLE 13798
R R DONNELLEY & SONS CO COM 257867101 277 26100 SH SOLE 26100
RALCORP HOLDINGS INC COM 751028101 11198 153400 SH SOLE 153400
RAYTHEON COM 755111507 2815 49251 SH SOLE 49251
RF MICRO DEVICES COM 749941100 8017 2032200 SH SOLE 2032200
RGC RESOURCES COM 74955l103 641 35516 SH SOLE 35516
ROYAL DUTCH SHELL PLC COM 780259206 815 11735 SH SOLE 11735
RPM INC COM 749685103 5386 188728 SH SOLE 188728
SCHLUMBERGER LTD COM 806857108 2605 36014 SH SOLE 36014
SCHNITZER STEEL INDUSTRIES COM 806882106 704 25000 SH SOLE 25000
SEADRILL LTD COM G7945E105 826 21050 SH SOLE 21050
SELECTIVE INSURANCE COM 816300107 9623 506500 SH SOLE 506500
SIGNATURE BANK COM 82669g104 15804 235600 SH SOLE 235600
SILGAN HOLDINGS INC COM 827048109 18235 419100 SH SOLE 419100
SOLERA HOLDINGS INC COM 83421A104 11876 270700 SH SOLE 270700
SOUTHWEST GAS CORP COM 844895102 13163 297810 SH SOLE 297810
SUPERIOR ENERGY SERVICES COM 868157108 7130 347478 SH SOLE 347478
SVB FINANCIAL GROUP COM 78486q101 15333 253600 SH SOLE 253600
SYSCO CORP COM 871829107 3114 99600 SH SOLE 99600
TALISMAN ENERGY COM 87425E103 176 13200 SH SOLE 13200
TARGET CORP COM 87612E106 5148 81105 SH SOLE 81105
TECK RESOURCES LTD CL B COM 878742204 648 22000 SH SOLE 22000
THE JONES GRP INC COM 48020T101 8064 626550 SH SOLE 626550
THE MOSAIC CO COM 61945C103 2679 46500 SH SOLE 46500
THE TRAVELERS COMPANIES INC COM 89417e109 2254 33025 SH SOLE 33025
THERMO FISHER SCIENTIFIC INC COM 883556102 7467 126927 SH SOLE 126927
TITAN INTERNATIONAL INC COM 88830m102 5319 301200 SH SOLE 301200
TORCHMARK CORP COM 891027104 2512 48925 SH SOLE 48925
TORONTO-DOMINION BANK COM 891160509 482 5778 SH SOLE 5778
TOTAL SA SPON ADR COM 89151E109 7135 142410 SH SOLE 142410
TRANSOCEAN LTD COM H8817H100 372 8289 SH SOLE 8289
TYCO INTERNATIONAL LTD COM H89128104 5356 95200 SH SOLE 95200
U.S. BANCORP COM 902973304 7444 217020 SH SOLE 217020
UGI CORP COM 902681105 3353 105600 SH SOLE 105600
UMPQUA HOLDINGS CORP COM 904214103 9231 715541 SH SOLE 715541
UNION PACIFIC CORP COM 907818108 6368 53650 SH SOLE 53650
UNITED BANKSHARES COM 909907107 8766 351900 SH SOLE 351900
UNITED PARCEL SERVICE INC COM 911312106 14746 206034 SH SOLE 206034
UNITED RENTALS COM 911363109 16775 512841 SH SOLE 512841
UNITED TECHNOLOGIES CORP COM 913017109 6632 84710 SH SOLE 84710
UNS ENERGY CORP COM 903119105 9456 225900 SH SOLE 225900
V F CORP COM 918204108 7138 44790 SH SOLE 44790
VALE S.A. COMMON NEW COM 91912E105 216 12050 SH SOLE 12050
VALERO ENERGY CORP COM 91913Y100 288 9100 SH SOLE 9100
VERIZON COMMUNICATIONS COM 92343V104 7606 166900 SH SOLE 166900
WAL-MART STORES COM 931142103 280 3800 SH SOLE 3800
WALT DISNEY COMPANY COM 254687106 1265 24201 SH SOLE 24201
WASTE MANAGEMENT INC COM 94106L109 8847 275771 SH SOLE 275771
WD-40 CO COM 929236107 3379 64200 SH SOLE 64200
WEATHERFORD INTERNATIONAL COM H27013103 3475 274045 SH SOLE 274045
WEBSTER FINANCIAL CORP COM 947890109 8568 361500 SH SOLE 361500
WELLS FARGO & CO COM 949746101 4419 127985 SH SOLE 127985
WEST PHARMACEUTICAL SERVICES COM 955306105 16818 316900 SH SOLE 316900
WESTLAKE CHEMICAL CORP COM 960413102 804 11000 SH SOLE 11000
WGL HOLDINGS COM 92924F106 797 19800 SH SOLE 19800
WHIRLPOOL CORP COM 963320106 601 7250 SH SOLE 7250
WINTRUST FINANCIAL CORP COM 97650W108 10546 280700 SH SOLE 280700
WIPRO LTD-ADR COM 97651M109 107 12000 SH SOLE 12000
XCEL ENERGY INC COM 98389B100 263 9500 SH SOLE 9500
ZIMMER HOLDINGS INC COM 98956P102 4049 59885 SH SOLE 59885
ISHARES FTSE CHINA 25 INDEX FU COM 464287184 2029 58650 SH SOLE 58650
ISHARES MSCI EMERGING MKTS IND COM 464287234 4846 117275 SH SOLE 117275
ISHARES MSCI PACIFIC EX JAPAN COM 464286665 4150 93075 SH SOLE 93075
VANGUARD MSCI EMERGING MARKETS COM 922042858 4053 97150 SH SOLE 97150
DNP SELECT INCOME FUND INC COM 23325P104 315 31900.000SH SOLE 31900.000
DNP SELECT INCOME FD RIGHTS COM 23325P112 2 31904 SH SOLE 31904