-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OHWHiH/qOoVwDJ2hXYEOVKkhv2J5EHBZNNPD5QVyJuAkdAYrDMFNIeLFs5pP/9R+ 0Hrw7ihWoyT0zucMGRLpWQ== 0001172661-05-000142.txt : 20050509 0001172661-05-000142.hdr.sgml : 20050509 20050509145221 ACCESSION NUMBER: 0001172661-05-000142 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050331 FILED AS OF DATE: 20050509 DATE AS OF CHANGE: 20050509 EFFECTIVENESS DATE: 20050509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Veritable, L.P. CENTRAL INDEX KEY: 0001300311 IRS NUMBER: 200836286 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10942 FILM NUMBER: 05811256 BUSINESS ADDRESS: STREET 1: 6022 WEST CHESTER PIKE CITY: NEWTOWN SQUARE STATE: PA ZIP: 19073 BUSINESS PHONE: 610-640-9551 MAIL ADDRESS: STREET 1: 6022 WEST CHESTER PIKE CITY: NEWTOWN SQUARE STATE: PA ZIP: 19073 13F-HR 1 ver1q05.txt FORM 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2005 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Veritable, LP Address: 6022 West Chester Pike Newtown Square, PA 19073 13F File Number: 28-10942 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Charles Keates Title: General Counsel Phone: 610-640-9551 Signature, Place, and Date of Signing: Charles Keates Newtown Square, PA May 09, 2005 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 665 Form13F Information Table Value Total: $3,434,399 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE 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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M CO COM 88579Y101 2546 29716 Sole 0 0 29716 ABBOTT LABS COM 002824100 5380 115396 Sole 0 0 115396 ABERCROMBIE & FITCH CO CL A 002896207 297 5200 Sole 0 0 5200 ACXIOM CORP COM 005125109 336 16050 Sole 0 0 16050 AEGON N V ORD AMER REG 007924103 466 34587 Sole 0 0 34587 AES CORP COM 00130H105 547 33411 Sole 0 0 33411 AFFILIATED MANAGERS GROUP NOTE 5/0 008252AC2 602 550000 Sole 0 0 550000 AFLAC INC COM 001055102 282 7570 Sole 0 0 7570 AGILENT TECHNOLOGIES INC COM 00846U101 204 9197 Sole 0 0 9197 AKZO NOBEL NV SPONSORED ADR 010199305 825 17940 Sole 0 0 17940 ALBERTSONS INC COM 013104104 2135 103390 Sole 0 0 103390 ALCAN INC COM 013716105 216 5700 Sole 0 0 5700 ALCATEL SPONSORED ADR 013904305 126 10430 Sole 0 0 10430 ALCOA INC COM 013817101 1256 41318 Sole 0 0 41318 ALLERGAN INC COM 018490102 216 3115 Sole 0 0 3115 ALLIED CAP CORP NEW COM 01903Q108 211 8083 Sole 0 0 8083 ALLIED IRISH BKS P L C SPON ADR ORD 019228402 428 10260 Sole 0 0 10260 ALLSTATE CORP COM 020002101 2843 52601 Sole 0 0 52601 ALLTEL CORP COM 020039103 1158 21110 Sole 0 0 21110 ALTRIA GROUP INC COM 02209S103 7054 107870 Sole 0 0 107870 ALZA CORP SDCV 7/2 02261WAB5 1122 1200000 Sole 0 0 1200000 AMB PROPERTY CORP COM 00163t109 401 10600 Sole 0 0 10600 AMBASSADORS GROUP INC COM 023177108 301 9000 Sole 0 0 9000 AMBASSADORS INTL INC COM 023178106 168 12000 Sole 0 0 12000 AMDL INC COM PAR $0.001 00167k401 17 22400 Sole 0 0 22400 AMERADA HESS CORP COM 023551104 3850 40013 Sole 0 0 40013 AMERIANA BANCORP COM 023613102 145 10868 Sole 0 0 10868 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 304 10284 Sole 0 0 10284 AMERICAN ELEC PWR INC COM 025537101 369 10840 Sole 0 0 10840 AMERICAN EXPRESS CO DBCV 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Sole 0 0 40273 BALL CORP COM 058498106 1315 31700 Sole 0 0 31700 BANCORP INC DEL COM 05969A105 498 35600 Sole 0 0 35600 BANCROFT CONV FD INC COM 059695106 1536 87000 Sole 0 0 87000 BANK NEW YORK INC COM 064057102 448 15395 Sole 0 0 15395 BANK OF AMERICA CORPORATION COM 060505104 7367 167042 Sole 0 0 167042 BANK OF WILMINGTON COM 065824104 112 10000 Sole 0 0 10000 BANKATLANTIC BANCORP CL A 065908501 522 30000 Sole 0 0 30000 BARD C R INC COM 067383109 963 14140 Sole 0 0 14140 BARRICK GOLD CORP COM 067901108 294 12250 Sole 0 0 12250 BAXTER INTL INC COM 071813109 705 20754 Sole 0 0 20754 BB&T CORP COM 054937107 1044 26709 Sole 0 0 26709 BEA SYS INC NOTE 4.000%12/1 073325AD4 200 200000 Sole 0 0 200000 BECKMAN COULTER INC COM 075811109 389 5850 Sole 0 0 5850 BECTON DICKINSON & CO COM 075887109 386 6610 Sole 0 0 6610 BED BATH & BEYOND INC COM 075896100 979 26782 Sole 0 0 26782 BELLSOUTH CORP COM 079860102 2680 101918 Sole 0 0 101918 BERKSHIRE HATHAWAY INC DEL CL B 084670207 1688 591 Sole 0 0 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GRANT PRIDECO INC COM 38821G101 208 8640 Sole 0 0 8640 GREATER BAY BANCORP COM 391648102 439 18000 Sole 0 0 18000 GROUPE DANONE SPONSORED ADR 399449107 361 18100 Sole 0 0 18100 GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049j206 206 3500 Sole 0 0 3500 GSI COMMERCE INC COM 36238g102 135 10000 Sole 0 0 10000 GUIDANT CORP COM 401698105 1558 21080 Sole 0 0 21080 HALLIBURTON CO COM 406216101 1143 26429 Sole 0 0 26429 HALLIBURTON CO NOTE 3.125% 7/1 406216AM3 837 680000 Sole 0 0 680000 HARLEY DAVIDSON INC COM 412822108 308 5330 Sole 0 0 5330 HARRAHS ENTMT INC COM 413619107 281 4360 Sole 0 0 4360 HARRIS CORP DEL COM 413875105 259 7930 Sole 0 0 7930 HASBRO INC COM 418056107 1049 51300 Sole 0 0 51300 HCA INC COM 404119109 1605 29964 Sole 0 0 29964 HEINZ H J CO COM 423074103 759 20586 Sole 0 0 20586 HERCULES INC COM 427056106 341 23500 Sole 0 0 23500 HERSHEY FOODS CORP COM 427866108 239 3952 Sole 0 0 3952 HEWLETT PACKARD CO COM 428236103 3256 148377 Sole 0 0 148377 HILLENBRAND INDS INC COM 431573104 224 4035 Sole 0 0 4035 HILTON HOTELS CORP COM 432848109 241 10789 Sole 0 0 10789 HINES HORTICULTURE INC COM 433245107 51 12000 Sole 0 0 12000 HITACHI LIMITED ADR 10 COM 433578507 751 12080 Sole 0 0 12080 HMS HLDGS CORP COM 40425J101 120 16200 Sole 0 0 16200 HOME DEPOT INC COM 437076102 2976 77801 Sole 0 0 77801 HONEYWELL INTL INC COM 438516106 663 17825 Sole 0 0 17825 HOST MARRIOTT CORP NEW COM 44107P104 643 38800 Sole 0 0 38800 HUDSON UNITED BANCORP COM 444165104 588 16689 Sole 0 0 16689 HUNT J B TRANS SVCS INC COM 445658107 255 5820 Sole 0 0 5820 IAC INTERACTIVECORP COM 44919p102 372 16700 Sole 0 0 16700 IGATE CORP COM 45169U105 49485 13266791 Sole 0 0 13266791 ILLINOIS TOOL WKS INC COM 452308109 2242 25044 Sole 0 0 25044 IMPAX LABORATORIES INC COM 45256b101 258 16100 Sole 0 0 16100 IMPLANT SCIENCES CORP COM 45320r108 59 10000 Sole 0 0 10000 INDEPENDENT BANK CORP MASS COM 453836108 322 11100 Sole 0 0 11100 INGERSOLL-RAND COMPANY LTD CL A G4776G101 3335 41873 Sole 0 0 41873 INTEGRAL SYS INC MD COM 45810h107 344 15000 Sole 0 0 15000 INTEL CORP COM 458140100 9462 407315 Sole 0 0 407315 INTERNATIONAL BUSINESS MACHS COM 459200101 6607 72305 Sole 0 0 72305 INTERNATIONAL SPEEDWAY CORP CL A 460335201 1021 18827 Sole 0 0 18827 INTERPUBLIC GROUP COS INC NOTE 4.500% 3/1 460690AT7 775 650000 Sole 0 0 650000 INTERSTATE HOTELS & RESRTS I COM 46088S106 106 22000 Sole 0 0 22000 INTERVEST BANCSHARES CORP CL A 460927106 293 16300 Sole 0 0 16300 INTL PAPER CO COM 460146103 752 20443 Sole 0 0 20443 INVESTORS FINL SERVICES CORP COM 461915100 662 13540 Sole 0 0 13540 ISHARES INC MSCI JAPAN 464286848 670 63882 Sole 0 0 63882 ISHARES TR S&P 100 IDX FD 464287101 4053 72344 Sole 0 0 72344 ISHARES TR DJ SEL DIV INX 464287168 809 13500 Sole 0 0 13500 ISHARES TR US TIPS BD FD 464287176 369 3500 Sole 0 0 3500 ISHARES TR S&P 500 INDEX 464287200 5404 45869 Sole 0 0 45869 ISHARES TR COHEN&ST RLTY 464287564 2848 22789 Sole 0 0 22789 ISHARES TR S&P500/BAR VAL 464287408 1939 31805 Sole 0 0 31805 ISHARES TR RUSSELL 2000 464287655 37120 303892 CALL Sole 0 0 303892 ISHARES TR RUSSELL MIDCAP 464287499 2969 37701 Sole 0 0 37701 ISHARES TR MSCI EAFE IDX 464287465 20393 128363 Sole 0 0 128363 ISHARES TR S&P SMLCP VALU 464287879 885 7500 Sole 0 0 7500 ISHARES TR DJ US ENERGY 464287796 359 4770 Sole 0 0 4770 ISHARES TR S&P MIDCP VALU 464287705 17377 136585 Sole 0 0 136585 ISHARES TR RUSSELL 2000 464287655 37120 303892 Sole 0 0 303892 ISHARES TR RUSSELL 2000 464287655 37120 303892 CALL Sole 0 0 303892 ISHARES TR RUSSELL 2000 464287655 37120 303892 CALL Sole 0 0 303892 ISHARES TR RUSSELL 2000 464287655 37120 303892 CALL Sole 0 0 303892 ISHARES TR RUSSELL 2000 464287655 37120 303892 CALL Sole 0 0 303892 ISHARES TR RUSL 2000 VALU 464287630 487 2644 Sole 0 0 2644 ISHARES TR RUSSELL 1000 464287622 47153 742928 Sole 0 0 742928 ISHARES TR RUSSELL1000GRW 464287614 5401 115240 Sole 0 0 115240 ISHARES TR RUSSELL1000VAL 464287598 5641 85711 Sole 0 0 85711 ISHARES TR S&P MIDCAP 400 464287507 9948 75659 Sole 0 0 75659 ISHARES TR RUSSELL 2000 464287655 37120 303892 CALL Sole 0 0 303892 ISTAR FINL INC COM 45031u101 412 10000 Sole 0 0 10000 ITT INDS INC IND COM 450911102 1437 15924 Sole 0 0 15924 JDS UNIPHASE CORP COM 46612J101 69 41100 Sole 0 0 41100 JOHNSON & JOHNSON COM 478160104 19563 291286 Sole 0 0 291286 JOHNSON CTLS INC COM 478366107 395 7080 Sole 0 0 7080 JPMORGAN & CHASE & CO COM 46625H100 2884 83350 Sole 0 0 83350 K V PHARMACEUTICAL CO CL A 482740206 374 16100 Sole 0 0 16100 KAMAN CORP CL A 483548103 187 15000 Sole 0 0 15000 KELLOGG CO COM 487836108 372 8586 Sole 0 0 8586 KENSEY NASH CORP COM 490057106 214 7900 Sole 0 0 7900 KERR MCGEE CORP COM 492386107 958 12225 Sole 0 0 12225 KEYCORP NEW COM 493267108 595 18340 Sole 0 0 18340 KIMBERLY CLARK CORP COM 494368103 906 13780 Sole 0 0 13780 KINDER MORGAN INC KANS COM 49455P101 809 10695 Sole 0 0 10695 KNIGHT RIDDER INC COM 499040103 260 3860 Sole 0 0 3860 KONINKLIJKE AHOLD N V SPON ADR NEW 500467303 115 13880 Sole 0 0 13880 KRAFT FOODS INC CL A 50075N104 1261 38150 Sole 0 0 38150 KROGER CO COM 501044101 2549 158972 Sole 0 0 158972 KT CORP SPONSORED ADR 48268K101 1164 54620 Sole 0 0 54620 L-3 COMMUNICATIONS HLDGS INC COM 502424104 494 6955 Sole 0 0 6955 LAM RESEARCH CORP COM 512807108 253 8770 Sole 0 0 8770 LANCASTER COLONY CORP COM 513847103 232 5455 Sole 0 0 5455 LAUDER ESTEE COS INC CL A 518439104 386 8570 Sole 0 0 8570 LEAPFROG ENTERPRISES INC CL A 52186n106 121 10635 Sole 0 0 10635 LEESPORT FINANCIAL CORP COM 524477106 248 10500 Sole 0 0 10500 LEGG MASON INC COM 524901105 1934 24751 Sole 0 0 24751 LEHMAN BROS HLDGS INC COM 524908100 2030 21559 Sole 0 0 21559 LEVEL 3 COMMUNICATIONS INC COM 52729n100 330 160000 Sole 0 0 160000 LEVEL 3 COMMUNICATIONS INC NOTE 6.000% 3/1 52729nas9 5 10000 Sole 0 0 10000 LEXMARK INTL NEW CL A 529771107 426 5330 Sole 0 0 5330 LIBERTY MEDIA CORP NEW COM SER A 530718105 16659 1606517 Sole 0 0 1606517 LIBERTY MEDIA CORP NEW DEB 0.750% 3/3 530718AF2 868 800000 Sole 0 0 800000 LIBERTY MEDIA INTL INC COM SER A 530719103 4943 113005 Sole 0 0 113005 LIBERTY PPTY TR SH BEN INT 531172104 387 9900 Sole 0 0 9900 LILLY ELI & CO COM 532457108 1086 20849 Sole 0 0 20849 LINEAR TECHNOLOGY CORP COM 535678106 1498 39110 Sole 0 0 39110 LIZ CLAIBORNE INC COM 539320101 841 20964 Sole 0 0 20964 LODGIAN INC COM PAR $.01 54021P403 171 16677 Sole 0 0 16677 LOEWS CORP COM 540424108 1643 22340 Sole 0 0 22340 LOEWS CORP NOTE 3.125% 9/1 540424AL2 10 10000 Sole 0 0 10000 LOUISIANA PAC CORP COM 546347105 469 18651 Sole 0 0 18651 LOWES COS INC COM 548661107 1710 29954 Sole 0 0 29954 LOWES COS INC NOTE 2/1 548661CF2 605 650000 Sole 0 0 650000 LUCENT TECHNOLOGIES INC COM 549463107 178 64516 Sole 0 0 64516 LUCENT TECHNOLOGIES INC COM 549463107 7 10733 Sole 0 0 10733 M & T BK CORP COM 55261F104 499 4893 Sole 0 0 4893 MACERICH CO COM 554382101 405 7600 Sole 0 0 7600 MAGUIRE PPTYS INC COM 559775101 363 15200 Sole 0 0 15200 MANDALAY RESORT GROUP COM 562567107 236 3340 Sole 0 0 3340 MANULIFE FINL CORP COM 56501R106 1754 36595 Sole 0 0 36595 MARATHON OIL CORP COM 565849106 1028 21908 Sole 0 0 21908 MARKEL CORP COM 570535104 259 750 Sole 0 0 750 MARRIOTT INTL INC NEW CL A 571903202 4006 59918 Sole 0 0 59918 MARTIN MARIETTA MATLS INC COM 573284106 1569 28050 Sole 0 0 28050 MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 811 21150 Sole 0 0 21150 MASCO CORP COM 574599106 524 15108 Sole 0 0 15108 MASSMUTUAL CORPORATE INVS IN COM 576292106 461 17219 Sole 0 0 17219 MATRIXX INITIATIVES INC COM 57685L105 125 11000 Sole 0 0 11000 MATSUSHITA ELEC INDL ADR 576879209 700 47540 Sole 0 0 47540 MATTHEWS INTL CORP CL A 577128101 217 6626 Sole 0 0 6626 MAXIM INTEGRATED PRODS INC COM 57772k101 983 24065 Sole 0 0 24065 MAY DEPT STORES CO COM 577778103 876 23672 Sole 0 0 23672 MBNA CORP COM 55262l100 3610 147055 Sole 0 0 147055 MCCLATCHY CO CL A 579489105 1353 18250 Sole 0 0 18250 MCCORMICK & CO INC COM NON VTG 579780206 1481 43006 Sole 0 0 43006 MCDONALDS CORP COM 580135101 1407 45167 Sole 0 0 45167 MCGRAW HILL COS INC COM 580645109 1737 19906 Sole 0 0 19906 MEDCO HEALTH SOLUTIONS INC COM 58405u102 465 9379 Sole 0 0 9379 MEDIA GEN INC CL A 584404107 204 3300 Sole 0 0 3300 MEDICIS PHARMACEUTICAL CORP CL A NEW 584690309 319 10645 Sole 0 0 10645 MEDTRONIC INC COM 585055106 3184 62490 Sole 0 0 62490 MELLON FINL CORP COM 58551A108 392 13740 Sole 0 0 13740 MERCK & CO INC COM 589331107 5804 179289 Sole 0 0 179289 MERRILL LYNCH & CO INC COM 590188108 2503 44230 Sole 0 0 44230 MICHAELS STORES INC COM 594087108 223 6140 Sole 0 0 6140 MICRON TECHNOLOGY INC COM 595112103 1675 162015 Sole 0 0 162015 MICROSOFT CORP COM 594918104 10607 438823 Sole 0 0 438823 MIDCAP SPDR TR UNIT SER 1 595635103 256515 2130523 CALL Sole 0 0 2130523 MIDCAP SPDR TR UNIT SER 1 595635103 256515 2130523 Sole 0 0 2130523 MILLENNIUM BANKSHARES CORP COM 60037b106 255 30000 Sole 0 0 30000 MILLER INDS INC TENN COM NEW 600551204 168 13000 Sole 0 0 13000 MILLS CORP COM 601148109 582 11000 Sole 0 0 11000 MIPS TECHNOLOGIES INC COM 604567107 166 14400 Sole 0 0 14400 MODINE MFG CO COM 607828100 235 8000 Sole 0 0 8000 MOLEX INC CL A 608554200 301 12735 Sole 0 0 12735 MOODYS CORP COM 615369105 2155 26650 Sole 0 0 26650 MORGAN STANLEY COM NEW 617446448 3411 59583 Sole 0 0 59583 MOTOROLA INC COM 620076109 774 51680 Sole 0 0 51680 MURPHY OIL CORP COM 626717102 345 3490 Sole 0 0 3490 NABORS INDUSTRIES LTD SHS G6359F103 530 8968 Sole 0 0 8968 NASDAQ 100 TR UNIT SER 1 631100104 965 26396 Sole 0 0 26396 NATIONAL AUSTRALIA BK LTD CAP UTS EXCHBL 632525309 466 12700 Sole 0 0 12700 NATIONAL CITY CORP COM 635405103 729 21765 Sole 0 0 21765 NATIONAL OILWELL VARCO INC COM 637071101 269 5753 Sole 0 0 5753 NBTY INC COM 628782104 26877 1071206 Sole 0 0 1071206 NCR CORP NEW COM 62886E108 346 10244 Sole 0 0 10244 NEIMAN MARCUS GROUP INC CL B 640204301 467 5176 Sole 0 0 5176 NEW YORK CMNTY BANCORP INC COM 649445103 462 25425 Sole 0 0 25425 NEWFIELD EXPL CO COM 651290108 375 5050 Sole 0 0 5050 NEWMONT MINING CORP COM 651639106 460 10905 Sole 0 0 10905 NEWS CORP CL A 65248E104 1200 70958 Sole 0 0 70958 NEWS CORP CL B 65248E203 1799 102140 Sole 0 0 102140 NEXTEL COMMUNICATIONS INC CL A 65332V103 2722 95750 Sole 0 0 95750 NIC INC COM 62914b100 156 32700 Sole 0 0 32700 NIKE INC CL B 654106103 750 9001 Sole 0 0 9001 NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 712 32601 Sole 0 0 32601 NOBEL LEARNING CMNTYS INC COM 654889104 379 43950 Sole 0 0 43950 NOBLE CORPORATION SHS G65422100 420 7476 Sole 0 0 7476 NOKIA CORP SPONSORED ADR 654902204 424 27480 Sole 0 0 27480 NORSK HYDRO A S SPONSORED ADR 656531605 2570 30786 Sole 0 0 30786 NORTH FORK BANCORPORATION NY COM 659424105 823 29654 Sole 0 0 29654 NORTHEAST UTILS COM 664397106 231 12000 Sole 0 0 12000 NORTHROP GRUMMAN CORP COM 666807102 211 3916 Sole 0 0 3916 NUTRI SYS INC NEW COM 67069d108 472 75000 Sole 0 0 75000 NUVEEN MUN VALUE FD INC COM 670928100 153 16650 Sole 0 0 16650 NVR INC COM 62944T105 339 432 Sole 0 0 432 OCCIDENTAL PETE CORP DEL COM 674599105 2824 39683 Sole 0 0 39683 OLD REP INTL CORP COM 680223104 288 12345 Sole 0 0 12345 OMNICOM GROUP INC COM 681919106 1072 12110 Sole 0 0 12110 OMNICOM GROUP INC NOTE 6/1 681919AR7 827 850000 Sole 0 0 850000 ONEOK INC NEW COM 682680103 250 8100 Sole 0 0 8100 ORACLE CORP COM 68389X105 1042 83501 Sole 0 0 83501 OSCIENT PHARMACEUTICALS CORP COM 68812R105 172 73500 Sole 0 0 73500 PALL CORP COM 696429307 263 9710 Sole 0 0 9710 PAN PACIFIC RETAIL PPTYS INC COM 69806L104 352 6200 Sole 0 0 6200 PARKER HANNIFIN CORP COM 701094104 659 10820 Sole 0 0 10820 PATTERSON COMPANIES INC COM 703395103 262 5240 Sole 0 0 5240 PATTERSON UTI ENERGY INC COM 703481101 343 13690 Sole 0 0 13690 PAYCHEX INC COM 704326107 452 13777 Sole 0 0 13777 PEABODY ENERGY CORP COM 704549104 231 4980 Sole 0 0 4980 PEDIATRIC SVCS OF AMERICA COM 705323103 132 10700 Sole 0 0 10700 PENGROWTH ENERGY TR TRUST UNIT A 706902301 251 12560 Sole 0 0 12560 PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 867 21504 Sole 0 0 21504 PEPSIAMERICAS INC COM 71343P200 311 13731 Sole 0 0 13731 PEPSICO INC COM 713448108 5760 108625 Sole 0 0 108625 PETRO-CDA COM 71644e102 231 3990 Sole 0 0 3990 PETSMART INC COM 716768106 931 32390 Sole 0 0 32390 PFIZER INC COM 717081103 8701 331203 Sole 0 0 331203 PHOTOMEDEX INC COM 719358103 302 112100 Sole 0 0 112100 PITNEY BOWES INC COM 724479100 1675 37125 Sole 0 0 37125 PLACER DOME INC COM 725906101 191 11720 Sole 0 0 11720 PLACER DOME INC DBCV 2.750%10/1 725906AK7 161 150000 Sole 0 0 150000 PLAINS EXPL& PRODTN CO COM 726505100 395 11315 Sole 0 0 11315 PLANTRONICS INC NEW COM 727493108 207 5420 Sole 0 0 5420 PLUM CREEK TIMBER CO INC COM 729251108 913 25573 Sole 0 0 25573 PLUMTREE SOFTWARE INC COM 72940q104 108 21800 Sole 0 0 21800 PNC FINL SVCS GROUP INC COM 693475105 1899 36881 Sole 0 0 36881 PORTUGAL TELECOM SGPS S A SPONSORED ADR 737273102 1079 91540 Sole 0 0 91540 PPG INDS INC COM 693506107 221 3088 Sole 0 0 3088 PRAXAIR INC COM 74005P104 442 9240 Sole 0 0 9240 PRECISION CASTPARTS CORP COM 740189105 719 9339 Sole 0 0 9339 PRENTISS PPTYS TR SH BEN INT 740706106 243 7100 Sole 0 0 7100 PRICE T ROWE GROUP INC COM 74144T108 562 9459 Sole 0 0 9459 PRIMEDIA INC COM 74157k101 43 10000 Sole 0 0 10000 PROCTER & GAMBLE CO COM 742718109 34646 653707 Sole 0 0 653707 PROGRESSIVE CORP OHIO COM 743315103 544 5930 Sole 0 0 5930 PROLOGIS SH BEN INT 743410102 1127 30375 Sole 0 0 30375 PROVIDENT BANKSHARES CORP COM 743859100 494 15000 Sole 0 0 15000 PROVIDENT ENERGY TR TR UNIT 74386K104 122 12360 Sole 0 0 12360 PROVIDIAN FINL CORP NOTE 3.250% 8/1 74406AAA0 197 200000 Sole 0 0 200000 PUBLIC STORAGE INC COM 74460D109 604 10600 Sole 0 0 10600 PUBLIC SVC ENTERPRISE GROUP COM 744573106 238 4370 Sole 0 0 4370 QUALCOMM INC COM 747525103 2676 73038 Sole 0 0 73038 QUEST DIAGNOSTICS INC COM 74834L100 503 4781 Sole 0 0 4781 QUESTAR CORP COM 748356102 443 7470 Sole 0 0 7470 RAYTHEON CO COM NEW 755111507 876 22639 Sole 0 0 22639 RECKSON ASSOCS RLTY CORP COM 75621k106 322 10500 Sole 0 0 10500 REGENCY CTRS CORP COM 758849103 324 6800 Sole 0 0 6800 REPUBLIC FIRST BANCORP INC COM 760416107 531 36960 Sole 0 0 36960 RESPIRONICS INC COM 761230101 277 4750 Sole 0 0 4750 RIO TINTO PLC SPONSORED ADR 767204100 454 3500 Sole 0 0 3500 ROHM & HAAS CO COM 775371107 370 7700 Sole 0 0 7700 ROLLINS INC COM 775711104 281 15090 Sole 0 0 15090 ROWAN COS INC COM 779382100 298 9960 Sole 0 0 9960 ROYAL DUTCH PETE CO NY REG EUR .56 780257804 10538 175509 Sole 0 0 175509 SAFECO CORP COM 786429100 737 15140 Sole 0 0 15140 SAFEGUARD SCIENTIFICS INC COM 786449108 72 51000 Sole 0 0 51000 SAFENET INC COM 78645r107 352 12000 Sole 0 0 12000 SAFEWAY INC COM NEW 786514208 2408 129950 Sole 0 0 129950 SANDISK CORP COM 80004c101 259 9300 Sole 0 0 9300 SARA LEE CORP COM 803111103 369 16664 Sole 0 0 16664 SBA COMMUNICATIONS CORP COM 78388J106 249 27250 Sole 0 0 27250 SBC COMMUNICATIONS INC COM 78387G103 2539 107179 Sole 0 0 107179 SCHERING PLOUGH CORP COM 806605101 3849 212075 Sole 0 0 212075 SCHLUMBERGER LTD COM 806857108 3649 51779 Sole 0 0 51779 SCHWAB CHARLES CORP NEW COM 808513105 629 59852 Sole 0 0 59852 SCHWEITZER-MAUDUIT INTL INC COM 808541106 1079 32170 Sole 0 0 32170 SCRIPPS E W CO OHIO CL A 811054204 2253 46225 Sole 0 0 46225 SEGUE SOFTWARE INC COM 815807102 133 25000 Sole 0 0 25000 SEI INVESTMENTS CO COM 784117103 452 12510 Sole 0 0 12510 SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 22163 516973 Sole 0 0 516973 SELECT SECTOR SPDR TR SBI INT-TECH 81369Y803 1724 88140 Sole 0 0 88140 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 908 31975 Sole 0 0 31975 SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 362 10930 Sole 0 0 10930 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 615 20586 Sole 0 0 20586 SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 302 9940 Sole 0 0 9940 SEMPRA ENERGY COM 816851109 231 5775 Sole 0 0 5775 SERACARE LIFE SCIENCES INC COM 81747q100 295 24000 Sole 0 0 24000 SERVICE CORP INTL COM 817565104 500 66900 Sole 0 0 66900 SHELL TRANS & TRADING PLC ADR NY SHS NEW 822703609 2707 49797 Sole 0 0 49797 SHERWIN WILLIAMS CO COM 824348106 241 5480 Sole 0 0 5480 SHURGARD STORAGE CTRS INC COM 82567D104 205 4999 Sole 0 0 4999 SILICON VY BANCSHARES COM 827064106 388 8820 Sole 0 0 8820 SILICON VY BANCSHARES NOTE 6/1 827064AC0 999 750000 Sole 0 0 750000 SIMON PPTY GROUP INC NEW COM 828806109 3683 60790 Sole 0 0 60790 SIRIUS SATELLITE RADIO INC COM 82966u103 246 43750 Sole 0 0 43750 SKY FINL GROUP INC COM 83080p103 483 18000 Sole 0 0 18000 SKYWORKS SOLUTIONS INC COM 83088m102 127 20000 Sole 0 0 20000 SL GREEN RLTY CORP COM 78440x101 963 17130 Sole 0 0 17130 SMITH INTL INC COM 832110100 1413 22517 Sole 0 0 22517 SMUCKER J M CO COM NEW 832696405 373 7408 Sole 0 0 7408 SONY CORP ADR NEW 835699307 778 19430 Sole 0 0 19430 SOUTHERN CO COM 842587107 723 22717 Sole 0 0 22717 SOVEREIGN BANCORP INC COM 845905108 762 34400 Sole 0 0 34400 SPDR TR UNIT SER 1 78462F103 234388 1987013 Sole 0 0 1987013 SPECTRASITE INC COM 84761m104 510 8802 Sole 0 0 8802 SPRINT CORP COM FON 852061100 1237 54370 Sole 0 0 54370 ST PAUL TRAVELERS INC COM 792860108 752 20469 Sole 0 0 20469 STAPLES INC COM 855030102 528 16797 Sole 0 0 16797 STARBUCKS CORP COM 855244109 395 7650 Sole 0 0 7650 STARWOOD HOTELS&RESORTS WRLD PAIRED CTF 85590A203 861 14350 Sole 0 0 14350 STATE STR CORP COM 857477103 879 20118 Sole 0 0 20118 STOLT OFFSHORE S A SP ADR REG COM 861567105 109 13800 Sole 0 0 13800 STREETTRACKS GOLD TR GOLD SHS 863307104 505 11800 Sole 0 0 11800 STRYKER CORP COM 863667101 2747 61572 Sole 0 0 61572 SUN MICROSYSTEMS INC COM 866810104 109 27100 Sole 0 0 27100 SUNCOR ENERGY INC COM 867229106 697 17345 Sole 0 0 17345 SUNGARD DATA SYS INC COM 867363103 581 16840 Sole 0 0 16840 SUNOCO INC COM 86764p109 442 4275 Sole 0 0 4275 SUNTRUST BKS INC COM 867914103 737 10227 Sole 0 0 10227 SYMANTEC CORP COM 871503108 381 17866 Sole 0 0 17866 SYSCO CORP COM 871829107 2029 56679 Sole 0 0 56679 TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 99 11694 Sole 0 0 11694 TALISMAN ENERGY INC COM 87425E103 201 5880 Sole 0 0 5880 TARGET CORP COM 87612E106 2584 51650 Sole 0 0 51650 TCF FINL CORP COM 872275102 595 21897 Sole 0 0 21897 TELE NORTE LESTE PART S A SPON ADR PFD 879246106 975 63054 Sole 0 0 63054 TELEFLEX INC COM 879369106 341 6667 Sole 0 0 6667 TELEFONICA S A SPONSORED ADR 879382208 467 8985 Sole 0 0 8985 TELEFONOS DE MEXICO S A SPON ADR ORD L 879403780 1108 32100 Sole 0 0 32100 TELEPHONE & DATA SYS INC COM 879433100 400 4903 Sole 0 0 4903 TENET HEALTHCARE CORP COM 88033G100 1331 115450 Sole 0 0 115450 TERADYNE INC COM 880770102 221 15164 Sole 0 0 15164 TEVA PHARMACEUTICAL FIN II L DBCV 0.250% 2/0 88164RAB3 843 850000 Sole 0 0 850000 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 708 22832 Sole 0 0 22832 TEXAS INSTRS INC COM 882508104 1522 59716 Sole 0 0 59716 TEXTRON INC COM 883203101 2403 32200 Sole 0 0 32200 THERMO ELECTRON CORP COM 883556102 236 9330 Sole 0 0 9330 THOMAS & BETTS CORP COM 884315102 300 9283 Sole 0 0 9283 TIME WARNER INC COM 887317105 2597 148000 Sole 0 0 148000 TJX COS INC NEW COM 872540109 904 36718 Sole 0 0 36718 TOLL BROTHERS INC COM 889478103 4221 53536 Sole 0 0 53536 TOTAL S A SPONSORED ADR 89151E109 2422 20661 Sole 0 0 20661 TOYS R US INC COM 892335100 942 36560 Sole 0 0 36560 TRANSOCEAN INC ORD G90078109 908 17642 Sole 0 0 17642 TRIBUNE CO NEW COM 896047107 338 8485 Sole 0 0 8485 TRIZEC PROPERTIES INC COM 89687p107 439 23100 Sole 0 0 23100 TYCO INTL LTD NEW COM 902124106 2053 60761 Sole 0 0 60761 UNILEVER N V N Y SHS NEW 904784709 3339 48798 Sole 0 0 48798 UNION PAC CORP COM 907818108 902 12940 Sole 0 0 12940 UNISYS CORP COM 909214108 358 50701 Sole 0 0 50701 UNITED BANKSHARES INC WEST V COM 909907107 306 9240 Sole 0 0 9240 UNITED DOMINION REALTY TR IN COM 910197102 444 21280 Sole 0 0 21280 UNITED PARCEL SERVICE INC CL B 911312106 764 10505 Sole 0 0 10505 UNITED STATES CELLULAR CORP COM 911684108 228 5000 Sole 0 0 5000 UNITED TECHNOLOGIES CORP COM 913017109 6107 60075 Sole 0 0 60075 UNITEDHEALTH GROUP INC COM 91324P102 3809 39935 Sole 0 0 39935 UNITIL CORP COM 913259107 575 22271 Sole 0 0 22271 UNIVERSAL HLTH SVCS INC DBCV 0.426% 6/2 913903AL4 798 1300000 Sole 0 0 1300000 UNIVERSAL HLTH SVCS INC CL B 913903100 382 7281 Sole 0 0 7281 UNIVEST CORP PA COM 915271100 486 12200 Sole 0 0 12200 UNOCAL CORP COM 915289102 2280 36959 Sole 0 0 36959 UNUMPROVIDENT CORP COM 91529Y106 291 17100 Sole 0 0 17100 URBAN OUTFITTERS INC COM 917047102 283 5900 Sole 0 0 5900 US BANCORP DEL COM NEW 902973304 8328 288968 Sole 0 0 288968 UST INC COM 902911106 2466 47710 Sole 0 0 47710 V F CORP COM 918204108 273 4620 Sole 0 0 4620 VALERO ENERGY CORP NEW COM 91913y100 612 8352 Sole 0 0 8352 VARIAN MED SYS INC COM 92220P105 959 27980 Sole 0 0 27980 VARSITY GROUP INC COM 922281100 112 16000 Sole 0 0 16000 VERITAS SOFTWARE CO COM 923436109 740 31852 Sole 0 0 31852 VERIZON COMMUNICATIONS COM 92343V104 2754 77575 Sole 0 0 77575 VERTRUE INC COM 92534n101 213 6000 Sole 0 0 6000 VIACOM INC CL B 925524308 2002 57484 Sole 0 0 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237 3500 Sole 0 0 3500 WHOLE FOODS MKT INC COM 966837106 515 5040 Sole 0 0 5040 WILLIAMS COS INC DEL COM 969457100 368 19560 Sole 0 0 19560 WIRELESS FACILITIES INC COM 97653a103 202 32260 Sole 0 0 32260 WORTHINGTON INDS INC COM 981811102 319 16540 Sole 0 0 16540 WRIGLEY WM JR CO COM 982526105 1892 28858 Sole 0 0 28858 WYETH COM 983024100 3734 88506 Sole 0 0 88506 XATA CORP COM NEW 983882309 50 10300 Sole 0 0 10300 XEROX CORP COM 984121103 1568 103500 Sole 0 0 103500 XILINX INC COM 983919101 908 31065 Sole 0 0 31065 XTO ENERGY INC COM 98385X106 336 10238 Sole 0 0 10238 YAHOO INC COM 984332106 773 22794 Sole 0 0 22794 ZIMMER HLDGS INC COM 98956P102 8413 108122 Sole 0 0 108122 ZIONS BANCORPORATION COM 989701107 492 7130 Sole 0 0 7130
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