0000763910-13-000004.txt : 20130730 0000763910-13-000004.hdr.sgml : 20130730 20130730150513 ACCESSION NUMBER: 0000763910-13-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130630 FILED AS OF DATE: 20130730 DATE AS OF CHANGE: 20130730 EFFECTIVENESS DATE: 20130730 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRATTON MANAGEMENT CO CENTRAL INDEX KEY: 0000763910 IRS NUMBER: 262168189 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-01484 FILM NUMBER: 13995558 BUSINESS ADDRESS: STREET 1: 150 S. WARNER RD. STREET 2: STE 460 CITY: KING OF PRUSSIA STATE: PA ZIP: 19406 BUSINESS PHONE: 6109410888 MAIL ADDRESS: STREET 1: 150 S. WARNER RD. STREET 2: STE 460 CITY: KING OF PRUSSIA STATE: PA ZIP: 19406 13F-HR 1 primary_doc.xml 13F-HR LIVE false false true 0000763910 XXXXXXXX 06-30-2013 06-30-2013 STRATTON MANAGEMENT CO
150 S. WARNER RD. STE 460 KING OF PRUSSIA PA 19406
13F HOLDINGS REPORT 028-01484 N
William Chu Systems Administrator 610-260-0593 William Chu King of Prussia PA 07-30-2013 0 316 1724718 false
INFORMATION TABLE 2 SMC_13f_063013_1.xml ACADIA REALTY TRUST COM 004239109 2160 87500 SH SOLE 0 0 0 87500 ALEXANDRIA REAL ESTATE EQUITIE COM 015271109 2451 37300 SH SOLE 0 0 0 37300 AMERICAN CAMPUS COMMUNITIES IN COM 024835100 3724 91600 SH SOLE 0 0 0 91600 ASHFORD HOSPITALITY TRUST COM 044103109 859 75000 SH SOLE 0 0 0 75000 AVALON BAY COMMUNITIES INC COM 053484101 1349 10000 SH SOLE 0 0 0 10000 BRANDYWINE REALTY TRUST SBI COM 105368203 1399 103500 SH SOLE 0 0 0 103500 CAMDEN PROPERTY TRUST COM 133131102 2240 32400 SH SOLE 0 0 0 32400 CUBE SMART COM 229663109 2237 140000 SH SOLE 0 0 0 140000 DDR CORP COM 23317H102 2102 126264 SH SOLE 0 0 0 126264 DIGITAL REALTY TRUST INC COM 253868103 6730 110335 SH SOLE 0 0 0 110335 DUPONT FABROS TECHNOLOGY COM 26613Q106 1739 72000 SH SOLE 0 0 0 72000 EASTGROUP PROPERTIES SBI COM 277276101 3376 60000 SH SOLE 0 0 0 60000 EDUCATION REALTY TRUST INC COM 28140H104 1534 150000 SH SOLE 0 0 0 150000 EQUITY ONE INC COM 294752100 1131 50000 SH SOLE 0 0 0 50000 EQUITY RESIDENTIAL COM 29476L107 2334 40200 SH SOLE 0 0 0 40200 FEDERAL REALTY INV. TRUST COM 313747206 1814 17500 SH SOLE 0 0 0 17500 FIRST INDUSTRIAL REALTY TRUST COM 32054K103 1972 130000 SH SOLE 0 0 0 130000 GENERAL GROWTH PROPERTIES COM 370023103 1888 95000 SH SOLE 0 0 0 95000 GLIMCHER REALTY COM 379302102 2020 185000 SH SOLE 0 0 0 185000 HCP INC COM 40414l109 1104 24300 SH SOLE 0 0 0 24300 HEALTH CARE REIT COM 42217K106 4421 65950 SH SOLE 0 0 0 65950 HEALTHCARE REALTY TRUST COM 421946104 1423 55800 SH SOLE 0 0 0 55800 HERSHA HOSPITALITY TRUST COM 427825104 987 175000 SH SOLE 0 0 0 175000 HIGHWOODS PROPERTIES INC COM 431284108 16821 472364 SH SOLE 0 0 0 472364 HOME PROPERTIES OF NEW YORK COM 437306103 16189 247650 SH SOLE 0 0 0 247650 HOSPITALITY PROPERTIES TRUST COM 44106M102 382 14525 SH SOLE 0 0 0 14525 KIMCO REALTY CORP COM 49446R109 8298 387215 SH SOLE 0 0 0 387215 LASALLE HOTEL PROPERTIES COM 517942108 1111 45000 SH SOLE 0 0 0 45000 LIBERTY PROPERTY TRUST COM 531172104 2477 67025 SH SOLE 0 0 0 67025 MACERICH CO COM 554382101 2368 38832 SH SOLE 0 0 0 38832 MEDICAL PROPERTIES TRUST INC COM 58463j304 20263 1415000 SH SOLE 0 0 0 1415000 MID-AMERICA APARTMENT COMMUNIT COM 59522J103 339 5000 SH SOLE 0 0 0 5000 NATIONAL RETAIL PPTYS INC COM 637417106 2129 61900 SH SOLE 0 0 0 61900 OMEGA HEALTHCARE INVESTORS COM 681936100 1551 50000 SH SOLE 0 0 0 50000 POST PROPERTIES INC COM 737464107 1485 30000 SH SOLE 0 0 0 30000 RAYONIER INC COM 754907103 1385 25000 SH SOLE 0 0 0 25000 RLJ LODGING TRUST COM 74965L101 3191 141900 SH SOLE 0 0 0 141900 RYMAN HOSPITALITY PROPERTIES COM 78377T107 780 20000 SH SOLE 0 0 0 20000 SIMON PROPERTY GROUP INC COM 828806109 7077 44813 SH SOLE 0 0 0 44813 SL GREEN REALTY CORP COM 78440X101 19490 221000 SH SOLE 0 0 0 221000 SOVRAN SELF STORAGE INC COM 84610H108 1749 27000 SH SOLE 0 0 0 27000 SUNSTONE HOTEL INVESTORS INC COM 867892101 1587 131414 SH SOLE 0 0 0 131414 TANGER FACTORY OUTLET CENTERS COM 875465106 2008 60000 SH SOLE 0 0 0 60000 TAUBMAN CENTERS COM 876664103 1503 20000 SH SOLE 0 0 0 20000 UDR INC COM 902653104 2944 115477 SH SOLE 0 0 0 115477 UNIVERSAL HEALTH REALTY INCOME COM 91359E105 487 11300 SH SOLE 0 0 0 11300 VENTAS INC COM 92276F100 3121 44933 SH SOLE 0 0 0 44933 W P CAREY INC COM 92936U109 4652 70300 SH SOLE 0 0 0 70300 3M COMPANY COM 88579Y101 8900 81389 SH SOLE 0 0 0 81389 A T & T INC COM 00206R102 4636 130966 SH SOLE 0 0 0 130966 AARON'S INC COM 002535300 12583 449250 SH SOLE 0 0 0 449250 ABBOTT LABORATORIES COM 002824100 5844 167546 SH SOLE 0 0 0 167546 ABBVIE INC COM 00287Y109 7866 190271 SH SOLE 0 0 0 190271 ACCENTURE PLC - CL A COM G1151C101 11603 161248 SH SOLE 0 0 0 161248 ACTAVIS INC COM 00507K103 4322 34240 SH SOLE 0 0 0 34240 ACTUANT CORP - CL A COM 00508X203 17243 523000 SH SOLE 0 0 0 523000 ADT CORP COM 00101J106 937 23525 SH SOLE 0 0 0 23525 AEGION CORP COM 00770F104 454 20150 SH SOLE 0 0 0 20150 AFFILIATED MANAGERS GROUP INC COM 008252108 26807 163515 SH SOLE 0 0 0 163515 AFLAC INC COM 001055102 1729 29750 SH SOLE 0 0 0 29750 AGRIUM INC COM 008916108 1739 20000 SH SOLE 0 0 0 20000 AIR PRODUCTS & CHEMICALS INC COM 009158106 13509 147531 SH SOLE 0 0 0 147531 AIRGAS INC COM 009363102 1112 11650 SH SOLE 0 0 0 11650 ALLERGAN INC COM 018490102 337 4000 SH SOLE 0 0 0 4000 ALLSTATE CORPORATION COM 020002101 1928 40075 SH SOLE 0 0 0 40075 ALTRIA GROUP INC COM 02209S103 2455 70160 SH SOLE 0 0 0 70160 AMERICAN ELECTRIC POWER CO COM 025537101 278 6200 SH SOLE 0 0 0 6200 AMERICAN EXPRESS COM 025816109 998 13350 SH SOLE 0 0 0 13350 AMERICAN WATER WORKS CO INC COM 030420103 5840 141635 SH SOLE 0 0 0 141635 AMERIPRISE FINANCIAL INC COM 03076C106 7724 95500 SH SOLE 0 0 0 95500 AMGEN INC COM 031162100 4813 48786 SH SOLE 0 0 0 48786 ANADARKO PETROLEUM CORP COM 032511107 554 6450 SH SOLE 0 0 0 6450 ANIXTER INTERNATIONAL COM 035290105 19839 261700 SH SOLE 0 0 0 261700 ANN INC COM 035623107 13595 409498 SH SOLE 0 0 0 409498 APACHE CORP COM 037411105 1085 12946 SH SOLE 0 0 0 12946 APPLE INC COM 037833100 5135 12951 SH SOLE 0 0 0 12951 ARBITRON INCORPORATED COM 03875Q108 13710 295148 SH SOLE 0 0 0 295148 ARCHER DANIELS MIDLAND COM 039483102 292 8600 SH SOLE 0 0 0 8600 ATWOOD OCEANICS INC COM 050095108 502 9650 SH SOLE 0 0 0 9650 AVAGO TECHNOLOGIES LTD COM Y0486S104 1011 27050 SH SOLE 0 0 0 27050 AVISTA CORP COM 05379B107 12321 455986 SH SOLE 0 0 0 455986 BAXTER INT'L COM 071813109 817 11800 SH SOLE 0 0 0 11800 BEACON ROOFING SUPPLY INC COM 073685109 16326 431000 SH SOLE 0 0 0 431000 BECTON DICKINSON & CO COM 075887109 4728 47840 SH SOLE 0 0 0 47840 BED BATH AND BEYOND INC COM 075896100 5303 74740 SH SOLE 0 0 0 74740 BELDEN CDT INC COM 077454106 23197 464600 SH SOLE 0 0 0 464600 BHP BILLITON LTD COM 088606108 202 3500 SH SOLE 0 0 0 3500 BLACK HILLS CORP COM 092113109 1582 32450 SH SOLE 0 0 0 32450 BOARDWALK PIPELINE PARTNERS COM 096627104 359 11900 SH SOLE 0 0 0 11900 BONANZA CREEK ENERGY INC COM 097793103 10626 299650 SH SOLE 0 0 0 299650 BRINKER INTERNATIONAL INC COM 109641100 15575 395000 SH SOLE 0 0 0 395000 BRISTOL-MYERS SQUIBB COM 110122108 9519 213010 SH SOLE 0 0 0 213010 BUCKEYE PARTNERS L P UNIT LTD COM 118230101 516 7350 SH SOLE 0 0 0 7350 CABELA'S INC COM 126804301 21723 335439 SH SOLE 0 0 0 335439 CABOT OIL & GAS CORP COM 127097103 19587 275800 SH SOLE 0 0 0 275800 CACI INTERNATIONAL INC - CL A COM 127190304 12127 191000 SH SOLE 0 0 0 191000 CAMERON INTERNATIONAL CORP COM 13342b105 795 13000 SH SOLE 0 0 0 13000 CAMPBELL SOUP COM 134429109 3149 70300 SH SOLE 0 0 0 70300 CAPITAL ONE FINANCIAL CORP VA COM 14040H105 3402 54165 SH SOLE 0 0 0 54165 CARDTRONICS INC COM 14161H108 11773 426575 SH SOLE 0 0 0 426575 CARRIZO OIL & GAS INC COM 144577103 11445 404000 SH SOLE 0 0 0 404000 CASEYS GENERAL STORES INC COM 147528103 19510 324300 SH SOLE 0 0 0 324300 CATERPILLAR INC COM 149123101 7522 91181 SH SOLE 0 0 0 91181 CENTRAL FUND OF CANADA COM 153501101 354 26000 SH SOLE 0 0 0 26000 CENTURYLINK INC COM 156700106 1662 47009 SH SOLE 0 0 0 47009 CF INDUSTRIES HOLDINGS INC COM 125269100 1356 7905 SH SOLE 0 0 0 7905 CH ENERGY GROUP INC COM 12541M102 637 9800 SH SOLE 0 0 0 9800 CHEVRON CORP COM 166764100 8200 69295 SH SOLE 0 0 0 69295 CHICAGO BRIDGE AND IRON COMPAN COM 167250109 25898 434100 SH SOLE 0 0 0 434100 CHURCH & DWIGHT INC COM 171340102 8553 138600 SH SOLE 0 0 0 138600 CISCO SYSTEMS INC COM 17275R102 851 34954 SH SOLE 0 0 0 34954 COACH INC COM 189754104 208 3650 SH SOLE 0 0 0 3650 COAST DISTRIBUTION SERVICES COM 190345108 45 13000 SH SOLE 0 0 0 13000 COCA-COLA COM 191216100 1420 35402 SH SOLE 0 0 0 35402 COLGATE PALMOLIVE CO COM 194162103 367 6402 SH SOLE 0 0 0 6402 COMMUNITY BANK SYSTEMS INC COM 203607106 10180 330000 SH SOLE 0 0 0 330000 COMPASS MINERALS INTERNATIONAL COM 20451n101 9552 113000 SH SOLE 0 0 0 113000 CONAGRA FOODS INC COM 205887102 545 15600 SH SOLE 0 0 0 15600 CONOCOPHILLIPS COM 20825C104 8525 140912 SH SOLE 0 0 0 140912 CONTINENTAL RESOURCES INC COM 212015101 1205 14000 SH SOLE 0 0 0 14000 CORNING INC COM 219350105 440 30900 SH SOLE 0 0 0 30900 CRANE CO COM 224399105 20262 338150 SH SOLE 0 0 0 338150 CSX CORP COM 126408103 3630 156537 SH SOLE 0 0 0 156537 CVS CAREMARK CORP COM 126650100 7201 125935 SH SOLE 0 0 0 125935 DARDEN RESTAURANTS INC COM 237194105 5056 100160 SH SOLE 0 0 0 100160 DEERE & CO COM 244199105 7434 91500 SH SOLE 0 0 0 91500 DEVON ENERGY CORP COM 25179M103 569 10966 SH SOLE 0 0 0 10966 DIAGEO PLC ADR COM 25243Q205 4335 37715 SH SOLE 0 0 0 37715 DIAMOND OFFSHORE DRILLING INC COM 25271C102 764 11100 SH SOLE 0 0 0 11100 DIRECTV GROUP INC COM 25490A309 2675 43400 SH SOLE 0 0 0 43400 DOMINION RESOURCES INC VA COM 25746U109 2740 48225 SH SOLE 0 0 0 48225 DONEGAL GROUP INC CL A COM 257701201 471 33694 SH SOLE 0 0 0 33694 DOVER CORP COM 260003108 386 4975 SH SOLE 0 0 0 4975 DOW CHEMICAL CO COM 260543103 5147 159981 SH SOLE 0 0 0 159981 DR PEPPER SNAPPLE GROUP INC COM 26138E109 689 15000 SH SOLE 0 0 0 15000 DU PONT EI DE NEMOURS COM 263534109 3325 63333 SH SOLE 0 0 0 63333 DUKE ENERGY CO COM 26441C204 3193 47297 SH SOLE 0 0 0 47297 EAST WEST BANCORP INC COM 27579R104 1265 46000 SH SOLE 0 0 0 46000 EATON CORP PLC COM G29183103 13172 200155 SH SOLE 0 0 0 200155 EL PASO ELECTRIC CO COM 283677854 13640 386281 SH SOLE 0 0 0 386281 ELI LILLY CO COM 532457108 5301 107924 SH SOLE 0 0 0 107924 EMC CORP COM 268648102 331 14000 SH SOLE 0 0 0 14000 EMERSON ELECTRIC COM 291011104 6744 123648 SH SOLE 0 0 0 123648 ENERGEN CORP COM 29265N108 418 8000 SH SOLE 0 0 0 8000 ENERGIZER HOLDINGS INC COM 29266R108 1206 12000 SH SOLE 0 0 0 12000 ENERPLUS CORP COM 292766102 160 10850 SH SOLE 0 0 0 10850 ENERSYS COM 29275Y102 25476 519500 SH SOLE 0 0 0 519500 ENSCO PLC - CL A COM G3157S106 6695 115185 SH SOLE 0 0 0 115185 EXPRESS SCRIPTS HOLDING CO COM 30219G108 434 7027 SH SOLE 0 0 0 7027 EXXON MOBIL CORPORATION COM 30231G102 11451 126738 SH SOLE 0 0 0 126738 FAMILY DOLLAR STORES COM 307000109 3312 53150 SH SOLE 0 0 0 53150 FEDEX CORPORATION COM 31428X106 2703 27420 SH SOLE 0 0 0 27420 FIRST MIDWEST BANCORP INC COM 320867104 3704 270000 SH SOLE 0 0 0 270000 FIRST REPUBLIC BANK/CA COM 33616C100 1077 28000 SH SOLE 0 0 0 28000 FISERV INC COM 337738108 4600 52620 SH SOLE 0 0 0 52620 FORD MOTOR COMPANY COM 345370860 3130 202325 SH SOLE 0 0 0 202325 FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 6102 221009 SH SOLE 0 0 0 221009 GENERAL DYNAMICS CORP COM 369550108 386 4925 SH SOLE 0 0 0 4925 GENERAL ELECTRIC COM 369604103 13068 563510 SH SOLE 0 0 0 563510 GENERAL MILLS INC COM 370334104 621 12800 SH SOLE 0 0 0 12800 GENUINE PARTS CO COM 372460105 3151 40360 SH SOLE 0 0 0 40360 GLACIER BANCORP INC COM 37637q105 8432 380000 SH SOLE 0 0 0 380000 GLAXOSMITHKLINE PLC ADR COM 37733W105 667 13355 SH SOLE 0 0 0 13355 GOOGLE INC CL A COM 38259P508 3592 4080 SH SOLE 0 0 0 4080 GRAINGER W W INC COM 384802104 202 800 SH SOLE 0 0 0 800 H&R BLOCK INC COM 093671105 301 10850 SH SOLE 0 0 0 10850 HALLIBURTON CO COM 406216101 3887 93165 SH SOLE 0 0 0 93165 HARRIS CORP COM 413875105 2637 53550 SH SOLE 0 0 0 53550 HARRIS TEETER SUPERMARKETS I COM 414585109 18814 401500 SH SOLE 0 0 0 401500 HARTFORD FINANCIAL SERVICES GR COM 416515104 228 7382 SH SOLE 0 0 0 7382 HERSHEY FOODS COM 427866108 241 2700 SH SOLE 0 0 0 2700 HERTZ GLOBAL HOLDINGS COM 42805T105 4047 163190 SH SOLE 0 0 0 163190 HESS CORP COM 42809H107 545 8200 SH SOLE 0 0 0 8200 HOME DEPOT INC COM 437076102 1662 21450 SH SOLE 0 0 0 21450 HONEYWELL INTL INC COM 438516106 6784 85500 SH SOLE 0 0 0 85500 HORMEL FOODS CORP COM 440452100 637 16500 SH SOLE 0 0 0 16500 IBERIABANK CORP COM 450828108 8985 167600 SH SOLE 0 0 0 167600 ILLINOIS TOOL WORKS COM 452308109 1709 24701 SH SOLE 0 0 0 24701 INGERSOLL-RAND PLC COM G47791101 353 6350 SH SOLE 0 0 0 6350 INT'L BUSINESS MACHINES CORP COM 459200101 12337 64556 SH SOLE 0 0 0 64556 INTEL CORP COM 458140100 3287 135667 SH SOLE 0 0 0 135667 J.M. SMUCKER COM COM 832696405 1032 10009 SH SOLE 0 0 0 10009 JARDEN CORPORATION COM 471109108 21656 495000 SH SOLE 0 0 0 495000 JOHNSON & JOHNSON COM 478160104 10685 124449 SH SOLE 0 0 0 124449 JPMORGAN CHASE & CO. COM 46625H100 8215 155611 SH SOLE 0 0 0 155611 KAYNE ANDERSON ENERGY DEVELOPM COM 48660Q102 218 8500 SH SOLE 0 0 0 8500 KAYNE ANDERSON MLP INVT CO COM 486606106 5915 152100 SH SOLE 0 0 0 152100 KELLOGG CO COM 487836108 407 6344 SH SOLE 0 0 0 6344 KIMBERLY-CLARK CORP COM 494368103 11244 115752 SH SOLE 0 0 0 115752 KINDER MORGAN ENERGY PRTNRS COM 494550106 423 4950 SH SOLE 0 0 0 4950 KODIAK OIL & GAS CORP COM 50015Q100 10330 1162000 SH SOLE 0 0 0 1162000 KOHLS CORP WISC PV COM 500255104 1086 21500 SH SOLE 0 0 0 21500 KRAFT FOODS GROUP INC COM 50076Q106 894 16010 SH SOLE 0 0 0 16010 L-3 COMMUNICATIONS HLDGS INC COM 502424104 1605 18725 SH SOLE 0 0 0 18725 LABORATORY CORPORATION OF AMER COM 50540R409 626 6250 SH SOLE 0 0 0 6250 LOCKHEED MARTIN CORP COM 539830109 808 7450 SH SOLE 0 0 0 7450 LYONDELL BASELL INDUSTRIES - C COM N53745100 3059 46165 SH SOLE 0 0 0 46165 MACY'S INC COM 55616P104 4733 98600 SH SOLE 0 0 0 98600 MARATHON OIL CORP COM 565849106 571 16500 SH SOLE 0 0 0 16500 MARATHON PETROLEUM CORP COM 56585A102 462 6500 SH SOLE 0 0 0 6500 MARRIOTT INTERNATIONAL INC CL COM 571903202 1615 40000 SH SOLE 0 0 0 40000 MASTEC INCORPORATED COM 576323109 29445 895000 SH SOLE 0 0 0 895000 MB FINANCIAL INC COM 55264u108 11433 426600 SH SOLE 0 0 0 426600 MERCK & CO INC/NJ COM 58933Y105 2901 62464 SH SOLE 0 0 0 62464 MEREDITH CORP COM 589433101 828 17350 SH SOLE 0 0 0 17350 MET PRO CORP COM 590876306 928 69037 SH SOLE 0 0 0 69037 METLIFE INC COM 59156R108 4814 105198 SH SOLE 0 0 0 105198 MICROSOFT CORP COM 594918104 13415 388330 SH SOLE 0 0 0 388330 MITSUBISHI UFJ FINANCIAL GROUP COM 606822104 124 20000 SH SOLE 0 0 0 20000 MONDELEZ INTERNATIONAL INC COM 609207105 1276 44740 SH SOLE 0 0 0 44740 MOOG INC COM 615394202 19629 380925 SH SOLE 0 0 0 380925 MURPHY OIL CORP COM 626717102 607 9975 SH SOLE 0 0 0 9975 MYLAN INC COM 628530107 4111 132500 SH SOLE 0 0 0 132500 McCORMICK & CO INC NON VTG COM 579780206 2216 31500 SH SOLE 0 0 0 31500 McDONALDS CORP COM 580135101 8614 87008 SH SOLE 0 0 0 87008 NATIONAL OILWELL VARCO INC COM 637071101 1015 14725 SH SOLE 0 0 0 14725 NETAPP INC COM 64110D104 756 20000 SH SOLE 0 0 0 20000 NETSCOUT SYSTEMS INC COM 64115T104 9336 400000 SH SOLE 0 0 0 400000 NEW JERSEY RESOURCES COM 646025106 1589 38250 SH SOLE 0 0 0 38250 NEWMONT MINING CORP COM 651639106 969 32350 SH SOLE 0 0 0 32350 NEXTERA ENERGY INC COM 65339F101 4093 50230 SH SOLE 0 0 0 50230 NOBLE CORP COM H5833N103 1403 37330 SH SOLE 0 0 0 37330 NORFOLK SOUTHERN CORP COM 655844108 4468 61500 SH SOLE 0 0 0 61500 NORTHWEST BANCSHARES INC COM 667340103 12473 923221 SH SOLE 0 0 0 923221 NOVO-NORDISK ADR COM 670100205 8283 53450 SH SOLE 0 0 0 53450 NUANCE COMMUNICATIONS INC COM 67020Y100 925 50275 SH SOLE 0 0 0 50275 NYSE EURONEXT COM 629491101 650 15700 SH SOLE 0 0 0 15700 OCCIDENTAL PETROLEUM CORP COM 674599105 6617 74160 SH SOLE 0 0 0 74160 ON SEMICONDUCTOR CORPORATION COM 682189105 12724 1574800 SH SOLE 0 0 0 1574800 ORACLE CORPORATION COM 68389X105 5418 176438 SH SOLE 0 0 0 176438 OSHKOSH TRUCK CORP COM 688239201 13745 362000 SH SOLE 0 0 0 362000 PAREXEL INTERNATIONAL COM 699462107 26203 570000 SH SOLE 0 0 0 570000 PARKER-HANNIFIN COM 701094104 2852 29900 SH SOLE 0 0 0 29900 PAYCHEX INC COM 704326107 706 19350 SH SOLE 0 0 0 19350 PENTAIR INC COM H6169Q108 1995 34589 SH SOLE 0 0 0 34589 PEPSICO INC COM 713448108 5885 71952 SH SOLE 0 0 0 71952 PERKINELMER INC COM 714046109 942 29000 SH SOLE 0 0 0 29000 PFIZER INC COM 717081103 3827 136626 SH SOLE 0 0 0 136626 PHILIP MORRIS INTERNATIONAL IN COM 718172109 2643 30510 SH SOLE 0 0 0 30510 PHILLIPS 66 COM 718546104 6833 115996 SH SOLE 0 0 0 115996 PIEDMONT NATURAL GAS COM 720186105 4342 128686 SH SOLE 0 0 0 128686 PNC FINANCIAL SERVICES GROUP COM 693475105 6236 85525 SH SOLE 0 0 0 85525 POLYONE CORP COM 73179P106 21583 871000 SH SOLE 0 0 0 871000 PORTLAND GENERAL ELECTRIC CO COM 736508847 11119 363500 SH SOLE 0 0 0 363500 PPG INDUSTRIES INC COM 693506107 8594 58700 SH SOLE 0 0 0 58700 PPL CORP COM 69351T106 1475 48750 SH SOLE 0 0 0 48750 PRAXAIR INC COM 74005P104 961 8345 SH SOLE 0 0 0 8345 PROCTER & GAMBLE COM 742718109 5363 69654 SH SOLE 0 0 0 69654 PRUDENTIAL FINANCIAL COM 744320102 6801 93130 SH SOLE 0 0 0 93130 PTC INC COM 69370C100 18643 760000 SH SOLE 0 0 0 760000 PUBLIC SERVICE ENTERPRISE INC COM 744573106 585 17900 SH SOLE 0 0 0 17900 QUALCOMM INC COM 747525103 513 8395 SH SOLE 0 0 0 8395 QUEST DIAGNOSTICS COM 74834L100 715 11798 SH SOLE 0 0 0 11798 RAYTHEON COM 755111507 2589 39151 SH SOLE 0 0 0 39151 RF MICRO DEVICES COM 749941100 9605 1797000 SH SOLE 0 0 0 1797000 RGC RESOURCES COM 74955l103 713 35216 SH SOLE 0 0 0 35216 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 2467 73995 SH SOLE 0 0 0 73995 ROYAL DUTCH SHELL PLC COM 780259206 835 13085 SH SOLE 0 0 0 13085 RPM INC COM 749685103 5951 186321 SH SOLE 0 0 0 186321 SCHLUMBERGER LTD COM 806857108 2509 35014 SH SOLE 0 0 0 35014 SEADRILL LTD COM G7945E105 888 21800 SH SOLE 0 0 0 21800 SELECTIVE INSURANCE COM 816300107 11630 505200 SH SOLE 0 0 0 505200 SIGNATURE BANK COM 82669g104 19510 235000 SH SOLE 0 0 0 235000 SILGAN HOLDINGS INC COM 827048109 19629 418000 SH SOLE 0 0 0 418000 SOLERA HOLDINGS INC COM 83421A104 15025 270000 SH SOLE 0 0 0 270000 SOUTHWEST GAS CORP COM 844895102 14042 300110 SH SOLE 0 0 0 300110 SUPERIOR ENERGY SERVICES COM 868157108 10803 416478 SH SOLE 0 0 0 416478 SVB FINANCIAL GROUP COM 78486q101 21497 258000 SH SOLE 0 0 0 258000 SYSCO CORP COM 871829107 3425 100250 SH SOLE 0 0 0 100250 TARGET CORP COM 87612E106 4128 59945 SH SOLE 0 0 0 59945 THE JONES GRP INC COM 48020T101 8594 625000 SH SOLE 0 0 0 625000 THE MOSAIC CO COM 61945C103 1325 24625 SH SOLE 0 0 0 24625 THE TRAVELERS COMPANIES INC COM 89417e109 2400 30025 SH SOLE 0 0 0 30025 THERMO FISHER SCIENTIFIC INC COM 883556102 7420 87670 SH SOLE 0 0 0 87670 TITAN INTERNATIONAL INC COM 88830m102 9532 565000 SH SOLE 0 0 0 565000 TORCHMARK CORP COM 891027104 2764 42425 SH SOLE 0 0 0 42425 TORONTO-DOMINION BANK COM 891160509 231 2878 SH SOLE 0 0 0 2878 TORTOISE ENERGY INFRASTRUCTURE COM 89147L100 421 9050 SH SOLE 0 0 0 9050 TOTAL SA SPON ADR COM 89151E109 5986 122910 SH SOLE 0 0 0 122910 TRANSOCEAN LTD COM H8817H100 299 6239 SH SOLE 0 0 0 6239 TRINITY INDUSTRIES COM 896522109 884 23000 SH SOLE 0 0 0 23000 TYCO INTERNATIONAL LTD COM H89128104 3142 95366 SH SOLE 0 0 0 95366 U.S. BANCORP COM 902973304 3293 91105 SH SOLE 0 0 0 91105 UGI CORP COM 902681105 3180 81300 SH SOLE 0 0 0 81300 UMPQUA HOLDINGS CORP COM 904214103 10713 713741 SH SOLE 0 0 0 713741 UNION PACIFIC CORP COM 907818108 6934 44945 SH SOLE 0 0 0 44945 UNITED BANKSHARES COM 909907107 9284 351000 SH SOLE 0 0 0 351000 UNITED PARCEL SERVICE INC COM 911312106 9777 113053 SH SOLE 0 0 0 113053 UNITED RENTALS COM 911363109 23769 476241 SH SOLE 0 0 0 476241 UNITED TECHNOLOGIES CORP COM 913017109 7582 81580 SH SOLE 0 0 0 81580 UNS ENERGY CORP COM 903119105 10078 225300 SH SOLE 0 0 0 225300 V F CORP COM 918204108 10526 54520 SH SOLE 0 0 0 54520 VALERO ENERGY CORP COM 91913Y100 203 5850 SH SOLE 0 0 0 5850 VERIZON COMMUNICATIONS COM 92343V104 8471 168275 SH SOLE 0 0 0 168275 WALT DISNEY COMPANY COM 254687106 1484 23501 SH SOLE 0 0 0 23501 WASTE MANAGEMENT INC COM 94106L109 8842 219242 SH SOLE 0 0 0 219242 WD-40 CO COM 929236107 3451 63350 SH SOLE 0 0 0 63350 WEATHERFORD INTERNATIONAL COM H27013103 233 17000 SH SOLE 0 0 0 17000 WEBSTER FINANCIAL CORP COM 947890109 10544 410600 SH SOLE 0 0 0 410600 WELLS FARGO & CO COM 949746101 4035 97780 SH SOLE 0 0 0 97780 WESCO INTERNATIONAL INC COM 95082P105 816 12000 SH SOLE 0 0 0 12000 WEST PHARMACEUTICAL SERVICES COM 955306105 22209 316100 SH SOLE 0 0 0 316100 WESTLAKE CHEMICAL CORP COM 960413102 1061 11000 SH SOLE 0 0 0 11000 WGL HOLDINGS COM 92924F106 856 19800 SH SOLE 0 0 0 19800 WHIRLPOOL CORP COM 963320106 406 3550 SH SOLE 0 0 0 3550 WHITING PETROLEUM CORP COM 966387102 3133 67970 SH SOLE 0 0 0 67970 WINTRUST FINANCIAL CORP COM 97650W108 10718 280000 SH SOLE 0 0 0 280000 XCEL ENERGY INC COM 98389B100 269 9500 SH SOLE 0 0 0 9500 ZIMMER HOLDINGS INC COM 98956P102 3894 51960 SH SOLE 0 0 0 51960 ISHARES CHINA LARGE CAP ETF COM 464287184 520 16000 SH SOLE 0 0 0 16000 ISHARES MSCI EMERGING MKTS FD COM 464287234 2852 74075 SH SOLE 0 0 0 74075 ISHARES MSCI JAPAN INDEX FD COM 464286848 228 20300 SH SOLE 0 0 0 20300 ISHARES MSCI PACIFIC EX JAPAN COM 464286665 4277 99400 SH SOLE 0 0 0 99400 VANGUARD FTSE EMERGING MARKETS COM 922042858 1854 47800 SH SOLE 0 0 0 47800 VANGUARD TOTAL INTL STOCK ETF COM 921909768 215 4700 SH SOLE 0 0 0 4700 DNP SELECT INCOME FUND INC COM 23325P104 328 33400 SH SOLE 0 0 0 33400