-----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, HXQPHV1sovLPZMUb9j/z/FynwlSo9+OEqUCJsn4cXrRFPwKQ0Vo2owGlJ4DLQs6d oKxEkE6xRgyPZgo++L/Zfg== 0001316617-08-000011.txt : 20081110 0001316617-08-000011.hdr.sgml : 20081110 20081107180313 ACCESSION NUMBER: 0001316617-08-000011 CONFORMED SUBMISSION TYPE: 13F-HR/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081110 DATE AS OF CHANGE: 20081107 EFFECTIVENESS DATE: 20081110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Saturna Capital CORP CENTRAL INDEX KEY: 0001316617 IRS NUMBER: 911454817 STATE OF INCORPORATION: WA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 13F-HR/A SEC ACT: 1934 Act SEC FILE NUMBER: 028-11042 FILM NUMBER: 081172881 BUSINESS ADDRESS: STREET 1: 1300 N. STATE ST. CITY: BELLINGHAM STATE: WA ZIP: 98225 BUSINESS PHONE: 360-734-9900 MAIL ADDRESS: STREET 1: 1300 N. STATE ST. CITY: BELLINGHAM STATE: WA ZIP: 98225 13F-HR/A 1 form13f20080930a.txt DATA CORRECTED- Q3 MANAGED POSITIONS, SEPTEMBER 30, 2008 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F Form 13F Cover Page Report for the Quarter Ended: September 30, 2008 Institutional Investment Manager Filing this Report: SATURNA CAPITAL CORPORATION 1300 N. STATE ST. BELLINGHAM, WA 98225 Form 13F File Number: 28-11042 The institutional investment manger 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: NICHOLAS KAISER PRESIDENT (360) 734-9900 /s/ Nicholas Kaiser Bellingham, WA November 7, 2008 Report Type: 13F HOLDINGS REPORT FORM 13F SUMMARY PAGE Report Summary Number of other included managers: 0 Form 13F information table entry total: 514 Form 13F information table value total: $1,007,558 List of other included managers: None Name of Issuer Title of Class CUSIP Value*1000 Amount Type Discretion Other Man Voting Auth 3Com Common Stock 885535104 $71 30300 SH SOLE None 30300 3M Common Stock 88579Y101 "$7,931" 116100 SH SOLE None 116100 51job ADR ADR 316827104 $74 8000 SH SOLE None 8000 Abbott Laboratories Common Stock 2824100 "$12,127" 210615 SH SOLE None 210615 ABT Call: OCT 2008 60.00 "Option, equity" 0028249J1 -$1 15 CALL SOLE None 15 Accenture LTD-CL A Common Stock G1150G111 $118 3100 SH SOLE None 3100 Activision Common Stock 4930202 $222 14396 SH SOLE None 14396 Adobe Systems Common Stock 00724F101 "$15,049" 381270 SH SOLE None 381270 Advanced Micro Devices Common Stock 7903107 $53 10000 SH SOLE None 10000 Aegon NV Common Stock 7924103 $49 5559 SH SOLE None 5559 Agilent Technologies Common Stock 00846U101 "$6,422" 216522 SH SOLE None 216522 Air France-KLM ADR ADR 9119108 $137 6000 SH SOLE None 6000 Air Products & Chemicals Common Stock 9158106 "$5,149" 75184 SH SOLE None 75184 Airgas Common Stock 9363102 $11 223 SH SOLE None 223 Akamai Technologies Common Stock 00971T101 "$3,558" 204000 SH SOLE None 204000 Alabama Power Co Common Stock 10392496 $124 6000 SH SOLE None 6000 Alabama Power Series JJ Preferred Stock 10392520 $23 1000 SH SOLE None 1000 Alcoa Common Stock 13817101 "$3,814" 168890 SH SOLE None 168890 Amazon.com Common Stock 23135106 "$7,669" 105400 SH SOLE None 105400 America Movil SAB de CV ADS ADR 02364W105 "$11,829" 255150 SH SOLE None 255150 American Axle and MFG Holdings Common Stock 24061103 $1 105 SH SOLE None 105 American Eagle Outfitters Common Stock 2.55E+109 "$6,882" 451300 SH SOLE None 451300 American Electric Power Common Stock 25537101 $4 120 SH SOLE None 120 American Oriental Bioengineering Common Stock 28731107 $97 15000 SH SOLE None 15000 American Tower Class A Common Stock 29912201 "$2,158" 60000 SH SOLE None 60000 AmerisourceBergen Corp Common Stock 3.07E+108 $2 55 SH SOLE None 55 Amgen Common Stock 31162100 "$8,946" 150944 SH SOLE None 150944 Anadarko Petroleum Common Stock 32511107 $23 474 SH SOLE None 474 Analog Devices Common Stock 32654105 $13 500 SH SOLE None 500 Anglo American PLC ADR ADR 03485P201 "$6,151" 367681 SH SOLE None 367681 Aon Corp Common Stock 37389103 $112 2496 SH SOLE None 2496 Apache Common Stock 37411105 $55 532 SH SOLE None 532 Apartment Investment & Management Common Stock 03748R101 $158 4521 SH SOLE None 4521 Apartment Investment & Management Preferred Stock 03748r408 $34 1600 SH SOLE None 1600 Apple Common Stock 37833100 "$21,878" 192485 SH SOLE None 192485 Applera Corp-Applied Biosystems Common Stock 38020103 $27 800 SH SOLE None 800 Arch Coal Common Stock 39380100 $7 224 SH SOLE None 224 Archer-Daniels-Midland Common Stock 39483102 "$1,756" 80125 SH SOLE None 80125 Arkema ADS ADR 41232109 $1 17 SH SOLE None 17 ARM Holdings plc ADS ADR 42068106 $16 3111 SH SOLE None 3111 Asia Pacific Fund Common Stock 44901106 $10 757 SH SOLE None 757 AstraZeneca PLC ADS ADR 46353108 "$5,704" 130000 SH SOLE None 130000 AT&T Common Stock 00206R102 "$6,535" 234076 SH SOLE None 234076 ATC Healthcare Common Stock 00209C102 $0 2659 SH SOLE None 2659 AudioCodes Ltd. Common Stock M15342104 $20 8000 SH SOLE None 8000 Australia & New Zealand Banking ADR 52528304 $265 17935 SH SOLE None 17935 Autodesk Common Stock 52769106 $30 900 SH SOLE None 900 Autoliv Common Stock 52800109 "$2,030" 60153 SH SOLE None 60153 Avery Dennison Common Stock 53611109 "$2,669" 60000 SH SOLE None 60000 Avista Common Stock 05379B107 $253 11650 SH SOLE None 11650 AXA ADS ADR 54536107 $170 5200 SH SOLE None 5200 Banco Bilbao Vizcaya Argentaria SA ADR 05946K101 $121 7500 SH SOLE None 7500 Bank of America Common Stock 60505104 $46 1300 SH SOLE None 1300 Bank of New York Mellon Common Stock 64058100 $98 3018 SH SOLE None 3018 Barr Pharmaceuticals Common Stock 68306109 "$11,531" 176589 SH SOLE None 176589 Barr Pharmaceuticals call:Oct 65 "Option, equity" 0683069J0 -$2 12 CALL SOLE None 12 BASF AG ADS ADR 55262505 "$2,613" 54450 SH SOLE None 54450 BCE Common Stock 05534B760 "$5,645" 162619 SH SOLE None 162619 Bed Bath & Beyond Common Stock 75896100 "$5,026" 160019 SH SOLE None 160019 Best Buy Common Stock 86516101 "$9,556" 254817 SH SOLE None 254817 BHP Billiton Ltd. ADS ADR 88606108 "$4,537" 87270 SH SOLE None 87270 Black & Decker Corp. Common Stock 91797100 "$2,634" 43350 SH SOLE None 43350 Boston Scientific Common Stock 101137107 $18 1450 SH SOLE None 1450 BP PLC ADS ADR 55622104 "$10,390" 207102 SH SOLE None 207102 Brandywine Realty Trust Common Stock 105368203 $6 397 SH SOLE None 397 Bristol-Myers Squibb Common Stock 110122108 $285 13689 SH SOLE None 13689 "Bucyrus International, A" Common Stock 118759109 $7 164 SH SOLE None 164 Building Materials Holding Common Stock 120113105 $7 14185 SH SOLE None 14185 Bunge Limited Common Stock 13317810 $3 50 SH SOLE None 50 Burlington Northern Santa Fe Corp. Common Stock 12189T104 "$6,322" 68400 SH SOLE None 68400 Cadbury Schweppes PLC ADS ADR 1.27E+106 $105 2560 SH SOLE None 2560 Cadence Design Systems Common Stock 127387108 $1 134 SH SOLE None 134 CAE Common Stock 124765108 $3 335 SH SOLE None 335 Canadian National Railway Common Stock 136375102 "$5,587" 116800 SH SOLE None 116800 Canadian Pacific Railway Ltd. Common Stock 13645T100 "$14,907" 276780 SH SOLE None 276780 Canon ADS ADR 138006309 "$9,137" 242030 SH SOLE None 242030 Capital One Financial Common Stock 14040H105 $5 100 SH SOLE None 100 Carlisle Companies Common Stock 142339100 "$5,095" 170000 SH SOLE None 170000 Carmax Common Stock 143130102 $24 1680 SH SOLE None 1680 Caterpillar Common Stock 149123101 $39 660 SH SOLE None 660 Charles River Laboratories Common Stock 159864107 $83 1495 SH SOLE None 1495 Charles Schwab Common Stock 808513105 $650 25000 SH SOLE None 25000 Chattem Common Stock 162456107 $7 95 SH SOLE None 95 Check Point Software Tech Ltd Common Stock 1082411 $8 346 SH SOLE None 346 Chemtura Common Stock 163893100 $2 465 SH SOLE None 465 Cheung Kong HLDG UNSP/ADR ADR 166744201 $4 328 SH SOLE None 328 ChevronTexaco Common Stock 166764100 $277 3354 SH SOLE None 3354 China Mobile ADS ADR 16941M109 "$5,990" 119600 SH SOLE None 119600 China Telecom ADR ADR 169426103 $2 40 SH SOLE None 40 Chubb Common Stock 171232101 $316 5750 SH SOLE None 5750 Chunghwa Telecom Co. Ltd. ADR ADR 17133Q304 "$5,076" 256462 SH SOLE None 256462 Cisco Systems Inc. Common Stock 17275R102 "$9,342" 414098 SH SOLE None 414098 Citigroup Common Stock 172967101 $20 999 SH SOLE None 999 Clorox Co. Common Stock 189054109 "$10,971" 175000 SH SOLE None 175000 Coach Inc. Common Stock 189754104 "$6,278" 250700 SH SOLE None 250700 Coca-Cola Co Common Stock 191216100 $57 1080 SH SOLE None 1080 Coca-Cola Femsa SAB de CV ADS ADR 191241108 $349 6926 SH SOLE None 6926 Colgate-Palmolive Co. Common Stock 194162103 "$6,782" 90000 SH SOLE None 90000 Companhia Vale do Rio Doce ADR ADR 204412209 $115 6000 SH SOLE None 6000 Comtech Communications Common Stock 205826209 $49 1000 SH SOLE None 1000 Concho Resources Common Stock 20605P101 $12 422 SH SOLE None 422 ConocoPhillips Common Stock 20825C104 "$7,109" 97057 SH SOLE None 97057 Convergys Common Stock 212485106 "$4,444" 300700 SH SOLE None 300700 Copa Holdings SA Common Stock P31076105 $163 5000 SH SOLE None 5000 Corning Common Stock 219350105 $5 300 SH SOLE None 300 Corp Office Props Trust CLASS H Preferred Stock 22002T603 $20 1000 SH SOLE None 1000 Costco Wholesale Common Stock 22160K105 $26 400 SH SOLE None 400 Covidien LTD Common Stock G2552X108 $13 238 SH SOLE None 238 Crane Common Stock 224399105 "$6,239" 210000 SH SOLE None 210000 Cree Common Stock 225447101 "$3,850" 169000 SH SOLE None 169000 CRH PLC ADS ADR 12626K203 $98 4600 SH SOLE None 4600 CVS/Caremark Common Stock 126650100 "$3,370" 100125 SH SOLE None 100125 Danaher Common Stock 235851102 $25 360 SH SOLE None 360 Dassault Systems SA ADR ADR 237545108 $161 3000 SH SOLE None 3000 DealerTrack Holdings Common Stock 242309102 $2 141 SH SOLE None 141 DENTSPLY International Inc. Common Stock 249030107 "$9,435" 251340 SH SOLE None 251340 Devon Energy Common Stock 25179M103 $274 3000 SH SOLE None 3000 Diebold Common Stock 253651103 $26 800 SH SOLE None 800 Dillards Inc Common Stock 254067101 $1 90 SH SOLE None 90 DirectTV Group Common Stock 25459L106 $8 297 SH SOLE None 297 Disney (Walt) Common Stock 254687106 $8 260 SH SOLE None 260 DNA Call: OCT 2008 100.00 "Option, equity" 3687109J0 $0 1 CALL SOLE None 1 Dominion Resources Inc./VA Common Stock 25746U109 $5 120 SH SOLE None 120 Donnelley (RR) & Sons Common Stock 257867101 $143 5825 SH SOLE None 5825 Dow Chemical Common Stock 260543103 $37 1175 SH SOLE None 1175 Dr. Pepper Snapple Group Common Stock 2.61E+113 "$2,780" 105000 SH SOLE None 105000 Dreamworks Animation Common Stock 26153C103 $10 330 SH SOLE None 330 DTE Energy Common Stock 233331107 $5 137 SH SOLE None 137 "Du Pont: call, Oct 45" "Option, equity" 2635349J0 -$1 20 CALL SOLE None 20 Duke Energy Common Stock 26441C105 "$1,592" 91360.672 SH SOLE None 91360.672 Duke Realty Common Stock 264411505 "$3,083" 125407.222 SH SOLE None 125407.222 Duke Realty Corp call;Oct 25 "Option, equity" 2644119J0 -$5 61 CALL SOLE None 61 Dun & Bradstreet Common Stock 2.65E+104 $104 1098 SH SOLE None 1098 duPont (EI) de Nemours Common Stock 263534109 "$5,808" 144115 SH SOLE None 144115 E.ON AG AGS ADR 268780103 "$4,541" 90045 SH SOLE None 90045 Earthlink Common Stock 270321102 $49 5775 SH SOLE None 5775 Edison International Common Stock 281020107 $43 1080 SH SOLE None 1080 El Paso Corporation Common Stock 28336L109 $5 353 SH SOLE None 353 Eli Lilly Common Stock 532457108 "$8,586" 195000 SH SOLE None 195000 EMCOR Group Common Stock 29084Q100 "$7,238" 275000 SH SOLE None 275000 Emerson Electric Common Stock 291011104 "$5,711" 140000 SH SOLE None 140000 Empresa Brasileira de Aeronautica ADR 29081M102 $290 10742 SH SOLE None 10742 Emulex Common Stock 292475209 $11 1000 SH SOLE None 1000 Enbridge Energy Partners LP Common Stock 29250R106 $480 12060 SH SOLE None 12060 EnCana Common Stock 292505104 "$18,201" 276908 SH SOLE None 276908 Endurance Specialty Holdings Common Stock G30397106 $9 294 SH SOLE None 294 Enersis SA ADS ADR 29274F104 $147 9000 SH SOLE None 9000 Ente Nazionale Idrocarburi SpA ADR 26874R108 $6 121 SH SOLE None 121 Entergy Common Stock 29364G103 $3 35 SH SOLE None 35 "Entergy Arknsas Inc, Prf 6.70%" Preferred Stock 29364D811 $70 3000 SH SOLE None 3000 Entergy MISS 1st MTG Preferred Stock 29364N876 $20 1000 SH SOLE None 1000 Epcos AG ADS ADR 29410P107 $188 7500 SH SOLE None 7500 Exar Common Stock 300645108 $2 285 SH SOLE None 285 Exelon Corp Common Stock 30161N101 $10 161 SH SOLE None 161 Expedia Inc. - Cl A Common Stock 30212P105 $17 1122 SH SOLE None 1122 "Express Scripts, Cl A" Common Stock 302182100 $59 804 SH SOLE None 804 Exxon Mobil Common Stock 30231G102 "$7,055" 90848 SH SOLE None 90848 Fair Issac & Co Common Stock 303250104 $42 1806 SH SOLE None 1806 Fairpoint Communications Inc. Common Stock 305560104 $0 1 SH SOLE None 1 Fannie Mae Common Stock 313586109 $2 1200 SH SOLE None 1200 Fastenal Common Stock 311900104 "$7,785" 157620 SH SOLE None 157620 FCX Call: OCT 2008 85.00 "Option, equity" 35671D9J6 $0 13 CALL SOLE None 13 Fedex Common Stock 31428X106 $32 400 SH SOLE None 400 Fiserv Common Stock 337738108 $21 450 SH SOLE None 450 Flextronics International Common Stock 300999109 $17 2394 SH SOLE None 2394 FLIR Systems Common Stock 302445101 $77 2000 SH SOLE None 2000 Fording Canadian Coal Trust Common Stock 345425102 $345 4159.61 SH SOLE None 4159.61 FPL Group Common Stock 302571104 "$9,313" 185140 SH SOLE None 185140 FPL Group Capital Trust I Preferred Stock 30257v207 $44 2100 SH SOLE None 2100 France Telecom ADS ADR 35177Q105 $8 295 SH SOLE None 295 Freddie Mac Common Stock 313400301 $1 300 SH SOLE None 300 "Freeport-McMoRan Copper & Gold," Common Stock 35671D857 "$4,093" 72001 SH SOLE None 72001 Frontier Financial Common Stock 35907K105 $419 31208 SH SOLE None 31208 Fuji Photo Film ADR ADR 35958N107 $5 200 SH SOLE None 200 Furrs Restaurant Group Common Stock 361115603 $0 2 SH SOLE None 2 Gabelli Dividend & Income Trust Common Stock 36242H104 $14 1000 SH SOLE None 1000 Gartner Common Stock 366651107 "$2,284" 100700 SH SOLE None 100700 Gazprom Common Stock 368287207 $2 59 SH SOLE None 59 GDF Suez ADR 36160B105 $6 125 SH SOLE None 125 Genentech Common Stock 368710406 "$12,652" 142675 SH SOLE None 142675 General Electric Common Stock 369604103 $512 20067 SH SOLE None 20067 General Mills Common Stock 370334104 "$7,628" 111000 SH SOLE None 111000 Gentex Common Stock 371901109 $11 736 SH SOLE None 736 Genuine Parts Common Stock 372460105 "$10,661" 265135 SH SOLE None 265135 Genzyme Common Stock 372917104 "$10,577" 130757 SH SOLE None 130757 Georgia Gulf Common Stock 373200203 $1 225 SH SOLE None 225 Georgia Power CO Cl A PFD 6.125% Preferred Stock 373334473 $101 4000 SH SOLE None 4000 Gilead Sciences Common Stock 375558103 $228 5000 SH SOLE None 5000 GlaxoSmithKline PLC ADS ADR 37733W105 "$3,031" 69748 SH SOLE None 69748 Global Payments Inc Common Stock 37940X102 $33 728 SH SOLE None 728 GMCR Call: OCT 2008 40.00 "Option, equity" 3931229J7 -$2 8 CALL SOLE None 8 Google Common Stock 38259P508 $16 40 SH SOLE None 40 Great Plains Energy Inc. Common Stock 391164100 $4 197 SH SOLE None 197 Green Mountain Coffee Roasters Common Stock 393122106 $79 2000 SH SOLE None 2000 Groupe Danone ADS ADR 399449107 "$5,338" 380000 SH SOLE None 380000 Haemonetics Common Stock 405024100 $13 206 SH SOLE None 206 Hain Celestial Group Common Stock 405217100 $138 5000 SH SOLE None 5000 Halliburton Common Stock 406216101 $4 120 SH SOLE None 120 Hansen Natural Common Stock 411310105 "$10,185" 336700 SH SOLE None 336700 Harman International Industries Common Stock 413086109 "$1,843" 54100 SH SOLE None 54100 Harris Common Stock 413875105 "$7,103" 153750 SH SOLE None 153750 Hasbro Common Stock 418056107 $12 357 SH SOLE None 357 Health Care Property Common Stock 42217K106 $16 302 SH SOLE None 302 Health Care Property Investors Common Stock 421915109 $15 381 SH SOLE None 381 Healthextras Common Stock 422211102 $7 263 SH SOLE None 263 Healthways Common Stock 422245100 $4 217 SH SOLE None 217 Henry Schein Common Stock 806407102 $15 271 SH SOLE None 271 Hercules Offshore Common Stock 427093109 $4 272 SH SOLE None 272 Hewlett-Packard Common Stock 428236103 "$13,651" 295230 SH SOLE None 295230 Hittite Microwave Common Stock 43365Y104 $9 273 SH SOLE None 273 Home Depot Common Stock 437076102 $13 510 SH SOLE None 510 Honeywell International Common Stock 438516106 "$4,814" 115850 SH SOLE None 115850 Hospira Common Stock 441060100 $231 6049 SH SOLE None 6049 Hospitality Properties Trust Common Stock 44106M102 $19 950 SH SOLE None 950 HSN Common Stock 404303109 $2 224 SH SOLE None 224 Hudson Highland Group Common Stock 443792106 $3 400 SH SOLE None 400 HUM Call: OCT 2008 40.00 "Option, equity" 4448599J3 -$2 11 CALL SOLE None 11 Humana Common Stock 444859102 "$10,521" 255357 SH SOLE None 255357 Huntsman Corp. Common Stock 447011107 $2 185 SH SOLE None 185 Hutchison Telecom Intl ADR ADR 44841T107 $5 306 SH SOLE None 306 Hutchison Whampoa ADR ADR 448415208 $3 77 SH SOLE None 77 IAC/InterActiveCorp Common Stock 44919P300 $10 561 SH SOLE None 561 IDACORP Common Stock 451107106 "$3,204" 110150 SH SOLE None 110150 IDEX Common Stock 45167R104 $8 263 SH SOLE None 263 IDEXX Laboratories Common Stock 45168D104 $6 116 SH SOLE None 116 Illinois Tool Works Common Stock 452308109 "$4,445" 100000 SH SOLE None 100000 IMS Health Common Stock 449934108 "$4,125" 218140 SH SOLE None 218140 Infineon Technologies AG ADR ADR 45662N103 $28 5000 SH SOLE None 5000 Informatica Common Stock 45666Q102 $5 410 SH SOLE None 410 ING Groep NV ADS ADR 456837103 $120 5600 SH SOLE None 5600 INTC Call: OCT 2008 20.00 "Option, equity" 4581409J1 $0 10 CALL SOLE None 10 Integrated Device Technology Common Stock 458118106 $31 4030 SH SOLE None 4030 Intel Common Stock 458140100 "$8,504" 454040 SH SOLE None 454040 International Business Machines Common Stock 459200101 "$11,030" 94305 SH SOLE None 94305 Interval Leisure Group Common Stock 46113M108 $2 224 SH SOLE None 224 Intevac Common Stock 461148108 $2 195 SH SOLE None 195 Intuit Common Stock 461202103 "$13,563" 429074 SH SOLE None 429074 "Inverness Medical Innov, cv pfd B" Convt Prefrd Stock 46126P304 $32 170 SH SOLE None 170 Iron Mountain Common Stock 462846106 $22 907 SH SOLE None 907 ishares Russell 2000 Common Stock 464287655 $32 476 SH SOLE None 476 Ivanhoe Mines Common Stock 46579N103 $3 574 SH SOLE None 574 J.M. Smucker Common Stock 832696405 "$4,055" 80000 SH SOLE None 80000 J2 Global Communications Common Stock 4.66E+209 $9 378 SH SOLE None 378 JAKKS Pacific Common Stock 4.70E+110 $4 160 SH SOLE None 160 James Hardie Industries NV ADS ADR 47030M106 $63 3000 SH SOLE None 3000 JNJ Call: OCT 2008 70.00 "Option, equity" 4781609J5 -$1 12 CALL SOLE None 12 "John Wiley & Sons, Class A" Common Stock 968223206 "$4,247" 105000 SH SOLE None 105000 Johnson & Johnson Common Stock 478160104 "$19,938" 287795 SH SOLE None 287795 Johnson Controls Common Stock 478366107 $1 45 SH SOLE None 45 JP Morgan Chase & Co Common Stock 46625H100 $131 2814 SH SOLE None 2814 KB Home Common Stock 48666K109 $114 5775 SH SOLE None 5775 Kellogg Common Stock 487836108 "$8,070" 143850 SH SOLE None 143850 KeyCorp Common Stock 493267108 $33 2772 SH SOLE None 2772 Kimberly-Clark Common Stock 494368103 "$8,550" 131860 SH SOLE None 131860 Kinder Morgan Energy Partners Common Stock 494550106 $109 2100 SH SOLE None 2100 Kindred Healthcare Common Stock 494580103 $4 140 SH SOLE None 140 Knight Transportation Common Stock 499064103 $29 1699 SH SOLE None 1699 Kohl's Common Stock 500255104 $23 500 SH SOLE None 500 Korea Electric Power ADS ADR 500631106 $126 10155 SH SOLE None 10155 L S I Logic Common Stock 502161102 $4 763 SH SOLE None 763 LaCrosse Footwear Common Stock 505688101 $84 5000 SH SOLE None 5000 LAN Airlines SA ADS ADR 501723100 "$4,532" 397500 SH SOLE None 397500 Lifepoint Hospitals Common Stock 53219L109 $19 581 SH SOLE None 581 Ligand Pharmaceuticals Common Stock 53220K207 $30 10000 SH SOLE None 10000 Lincoln Electric Holdings Common Stock 533900106 "$6,502" 101100 SH SOLE None 101100 LKQ Common Stock 501889208 $13 780 SH SOLE None 780 Lockheed Martin Common Stock 539830109 $33 300 SH SOLE None 300 Lowe's Companies Common Stock 548661107 "$5,542" 233928 SH SOLE None 233928 Manitowoc Common Stock 563571108 "$7,007" 450600 SH SOLE None 450600 Maxim Integrated Products Common Stock 57772K101 $10 555 SH SOLE None 555 McGraw-Hill Common Stock 580645109 "$11,871" 375556 SH SOLE None 375556 Medco Health Solutions Common Stock 58405U102 $107 2370 SH SOLE None 2370 Merck & Co Common Stock 589331107 $230 7303 SH SOLE None 7303 Merix Common Stock 590049102 $3 2020 SH SOLE None 2020 Merrill Lynch Common Stock 590188108 $11 440 SH SOLE None 440 Methanex Common Stock 59151K108 "$2,984" 150000 SH SOLE None 150000 Metso ADS ADR 592671101 $170 7100 SH SOLE None 7100 Microchip Technology Common Stock 595017104 "$3,155" 107200 SH SOLE None 107200 MICROS Systems Common Stock 594901100 $9 332 SH SOLE None 332 Microsemi Common Stock 595137100 $9 336 SH SOLE None 336 Microsoft Common Stock 594918104 $98 3689 SH SOLE None 3689 Middleby Common Stock 596278101 $9 174 SH SOLE None 174 Millicom Intl Cellular SA Common Stock 3870573 $19 275 SH SOLE None 275 Mitsubishi UFJ Financial Group ADR ADR 606822104 $87 10000 SH SOLE None 10000 Moody's Common Stock 615369105 $149 4392 SH SOLE None 4392 "Moog, Cl A" Common Stock 615394202 $11 250 SH SOLE None 250 Morningstar Common Stock 617700109 $55 1000 SH SOLE None 1000 Motorola Common Stock 620076109 $19 2606 SH SOLE None 2606 MS Structured Asset Preferred Stock 86360Y207 $141 6000 SH SOLE None 6000 MWI Vterinary Supply Common Stock 55402X105 $9 217 SH SOLE None 217 Mylan Laboratories Common Stock 628530107 $2 180 SH SOLE None 180 National City Common Stock 635405103 $5 2688 SH SOLE None 2688 National Fuel Gas Common Stock 636180101 "$5,483" 130000 SH SOLE None 130000 National Rural Utitlity Preferred Stock 637432709 $19 1000 SH SOLE None 1000 Nestle's S.A. Common Stock 641069406 $37 852 SH SOLE None 852 "New York Times, Cl A" Common Stock 650111107 $2 144 SH SOLE None 144 News Corporation Common Stock 6.52E+108 $4 330 SH SOLE None 330 Nidec ADR ADR 654090109 $76 5000 SH SOLE None 5000 "Nike, Class B" Common Stock 654106103 "$10,102" 151000 SH SOLE None 151000 Nintendo Common Stock 654445303 $4 86 SH SOLE None 86 NiSource Common Stock 65473P105 $596 40387 SH SOLE None 40387 Nissan Motor Ltd. ADS ADR 654744408 $122 9000 SH SOLE None 9000 Noble Common Stock G65422100 "$9,667" 220200 SH SOLE None 220200 Noble Energy Common Stock 655044105 $12 218 SH SOLE None 218 Nokia Corp ADS ADR 654902204 $2 100 SH SOLE None 100 Nomura Holdings ADR ADR 65535h208 $140 10700 SH SOLE None 10700 Nordstrom Common Stock 655664100 $150 5200 SH SOLE None 5200 Norfolk Southern Common Stock 655844108 "$14,897" 225000 SH SOLE None 225000 Norsk Hydro ASA ADS ADR 656531605 $52 8000 SH SOLE None 8000 Novartis AG ADR ADR 66987V109 "$13,232" 250417 SH SOLE None 250417 Novo Nordisk A/S ADS ADR 670100205 "$6,369" 124400 SH SOLE None 124400 Nucor Common Stock 670346105 "$2,786" 70530 SH SOLE None 70530 Old Dominion Freight Line Common Stock 679580100 $6 200 SH SOLE None 200 Omincom Group Common Stock 681919106 $4 100 SH SOLE None 100 Omrix Biopharmaceuticals Common Stock 681989109 $5 288 SH SOLE None 288 Oplink Communications Common Stock 68375Q403 $3 255 SH SOLE None 255 Oracle Common Stock 68389X105 "$11,950" 588383 SH SOLE None 588383 Orbital Sciences Common Stock 685564106 $10 425 SH SOLE None 425 "Orient-Express Hotels Ltd., Class A" Common Stock G67743107 $145 6000 SH SOLE None 6000 Oshkosh Truck Common Stock 688239201 $47 3600 SH SOLE None 3600 Pacific Financial Common Stock 694275108 $28 3186 SH SOLE None 3186 Palomar Medical Tech Common Stock 697529303 $4 261 SH SOLE None 261 PAREXEL International Common Stock 699462107 $115 4000 SH SOLE None 4000 Parker Hannifin Common Stock 701094104 "$4,272" 80600 SH SOLE None 80600 Patterson - UTI Energy Common Stock 703481101 $144 7200 SH SOLE None 7200 Patterson Companies Common Stock 703395103 $11 350 SH SOLE None 350 PDF Solutions Common Stock 693282105 $6 1100 SH SOLE None 1100 Peabody Energy Corp Common Stock 704549104 $7 152 SH SOLE None 152 Pearson PLC ADS ADR 705015105 "$2,567" 235490 SH SOLE None 235490 Pentair Common Stock 709631105 $12 341 SH SOLE None 341 PepsiCo Common Stock 713448108 "$22,111" 310238 SH SOLE None 310238 Petro-Canada Common Stock 7.16E+106 "$2,775" 83200 SH SOLE None 83200 Petrohawk Energy Common Stock 716495106 $16 755 SH SOLE None 755 Petroleo Brasileiro ADR ADR 71654V408 $75 1700 SH SOLE None 1700 PetSmart Common Stock 716768106 "$5,831" 235960 SH SOLE None 235960 PFE Call: OCT 2008 20.00 "Option, equity" 7170819J4 $0 10 CALL SOLE None 10 Pfizer Common Stock 717081103 "$7,907" 428796 SH SOLE None 428796 Pharmaceutical Product Development Common Stock 717124101 "$8,318" 201150 SH SOLE None 201150 Pharmerica Corp Common Stock 71714F104 $1 51 SH SOLE None 51 Philips Electronics N.V. ADR 718337504 $5 168 SH SOLE None 168 Piedmont Natural Gas Common Stock 720186105 "$1,918" 60000 SH SOLE None 60000 PIMCO Commercial Mortgage Secs Common Stock 693388100 $8 1000 SH SOLE None 1000 Pioneer Natural Resource Common Stock 723787107 $13 253 SH SOLE None 253 Pitney Bowes Common Stock 724479100 $12 350 SH SOLE None 350 Plum Creek Timber Common Stock 729251108 "$3,092" 62007 SH SOLE None 62007 PNC Bank Common Stock 693475105 $45 600 SH SOLE None 600 Polycom Common Stock 73172K104 $38 1630 SH SOLE None 1630 Portugal Telecom SGPS ADS ADR 737273102 $3 304 SH SOLE None 304 Potash Corp. of Saskatchewan Common Stock 73755L107 "$18,693" 141600 SH SOLE None 141600 Praxair Common Stock 74005P104 "$6,186" 86225 SH SOLE None 86225 Precision Drilling Common Stock 74022D100 $49 2970 SH SOLE None 2970 Procter & Gamble Common Stock 742718109 "$8,836" 126791 SH SOLE None 126791 Progress Energy Inc Common Stock 743263105 $12 284 SH SOLE None 284 Psychiatric Solutions Common Stock 74439H108 $10 275 SH SOLE None 275 PT Indosat Tbk. ADR ADR 744383100 $82 2500 SH SOLE None 2500 Public Storage International Common Stock 74460D109 $208 2103 SH SOLE None 2103 QIAGEN N.V. Common Stock N72482107 $7 336 SH SOLE None 336 Qiao Xing Universal Telephone Common Stock G7303A109 $1 310 SH SOLE None 310 Qualcomm Common Stock 747525103 "$9,667" 224964 SH SOLE None 224964 Quanta Services Common Stock 7.48E+106 $10 376 SH SOLE None 376 Quantum Common Stock 747906204 $420 400000 SH SOLE None 400000 Quest Diagnostics Common Stock 74834L100 $3 49 SH SOLE None 49 Questar Common Stock 748356102 $2 40 SH SOLE None 40 Raymond James Financial Common Stock 754730109 $235 7138 SH SOLE None 7138 Raytheon Company Common Stock 755111507 $161 3000 SH SOLE None 3000 RealNetworks Common Stock 75605L104 $4 800 SH SOLE None 800 Realty Income Corp 8.25% Preferred Stock 756109203 $179 7200 SH SOLE None 7200 Red Lion Hotels Common Stock 756764106 $168 21000 SH SOLE None 21000 Reed Elsevier NV ADS ADR 758204101 $6 192 SH SOLE None 192 Regal-Beloit Common Stock 758750103 "$10,658" 250650 SH SOLE None 250650 Rentokil Initl PLC ADR 760125104 $1 156 SH SOLE None 156 Repsol YPF ADS ADR 76026T205 $453 15282 SH SOLE None 15282 Rio Tinto PLC ADS ADR 767204100 "$12,599" 50496 SH SOLE None 50496 Ritchie Bros. Auctioneers Common Stock 767744105 $280 12000 SH SOLE None 12000 Rockwell Automation Common Stock 773903109 "$4,107" 110000 SH SOLE None 110000 Rockwell Collins Common Stock 774341101 $38 800 SH SOLE None 800 Rogers Communications Cl B Common Stock 775109200 "$5,327" 160249 SH SOLE None 160249 Rohm & Haas Common Stock 775371107 $12 165 SH SOLE None 165 Rowan Cos. Common Stock 779382100 $10 319 SH SOLE None 319 Royal Dutch Shell Class B ADR 780259107 $6 99 SH SOLE None 99 Royal Dutch Shell PLC ADR 780259206 $59 1000 SH SOLE None 1000 RPM International Common Stock 749685103 "$3,501" 181000 SH SOLE None 181000 S & P Mid-Cap 400 SPDR's Common Stock S30821995 $26 198 SH SOLE None 198 SanDisk Common Stock 80004C101 "$2,639" 135000 SH SOLE None 135000 Sanmina Common Stock 800907107 $3 2430 SH SOLE None 2430 Sanofi-Aventis ADR ADR 80105N105 $12 363 SH SOLE None 363 SAP AG ADS ADR 803054204 $6 105 SH SOLE None 105 "Saturn Goodrich, Series 2002 pfd" Preferred Stock 80410V206 $33 1600 SH SOLE None 1600 Saturns Dpl Inc Bkd Ser 2002 3 Tr. Preferred Stock 80410A202 $35 1500 SH SOLE None 1500 Saturns Hertz Corp Series 2003-8 Preferred Stock 804115202 $14 1000 SH SOLE None 1000 Satyam Computer Services ADR ADR 804098101 $97 6000 SH SOLE None 6000 Schlumberger Ltd Common Stock 806857108 $184 2360 SH SOLE None 2360 Sciele Pharma Common Stock 808627103 $10 332 SH SOLE None 332 Seagate Technology Common Stock G7945J104 "$2,463" 203250 SH SOLE None 203250 Sealed Air Common Stock 81211K100 $2 80 SH SOLE None 80 Sempra Energy Common Stock 816851109 "$2,278" 45144 SH SOLE None 45144 Semtech Common Stock 816850101 $19 1330 SH SOLE None 1330 Shire PLC ADR ADR 82481r106 $96 2000 SH SOLE None 2000 Silver Standard Resources Common Stock 82823L106 $5 274 SH SOLE None 274 Simon Property Group Common Stock 828806109 $107 1100 SH SOLE None 1100 Singapore Telecom ADR ADR 82929R304 $42 1855 SH SOLE None 1855 Sinopec ADR ADR 16941R108 $5 63 SH SOLE None 63 Sirona Dental Systems Common Stock 82966C103 $3 131 SH SOLE None 131 SK Telecom Ltd. ADR ADR 78440P108 "$1,093" 58060 SH SOLE None 58060 Sony ADS ADR 835699307 "$3,890" 126000 SH SOLE None 126000 Southwest Airlines Common Stock 844741108 $15 1000 SH SOLE None 1000 Southwestern Energy Common Stock 845467109 $21 674 SH SOLE None 674 Spectra Energy Common Stock 847560109 "$1,118" 46980 SH SOLE None 46980 SPWR Call: OCT 2008 105.00 "Option, equity" 8676529J0 $0 6 CALL SOLE None 6 Stage Stores Common Stock 85254C305 $48 3487 SH SOLE None 3487 Staples Common Stock 855030102 "$5,794" 257516 SH SOLE None 257516 State Street Corp Common Stock 857477103 $21 377 SH SOLE None 377 StatoilHydo ASA ADS ADR 85771P102 $137 5776 SH SOLE None 5776 Stericycle Common Stock 858912108 $29 488 SH SOLE None 488 Stora Enso Oyj ADS ADR 86210M106 $5 501 SH SOLE None 501 streetTRACKS Gold Trust Common Stock 863307104 $29 337 SH SOLE None 337 Suburban Propane Partners LP Common Stock 864482104 $134 4000 SH SOLE None 4000 SumTotal Systems Common Stock 866615107 $222 54250 SH SOLE None 54250 Sun Microsystems Common Stock 866810203 $475 62500 SH SOLE None 62500 SunPower Common Stock 867652109 $85 1200 SH SOLE None 1200 Superior Well Services Common Stock 86837X105 $11 416 SH SOLE None 416 Swire Pac LTD ADR 870794302 $1 169 SH SOLE None 169 Synchronoss Technologies Common Stock 87157B103 $141 15000 SH SOLE None 15000 Syntel Common Stock 87162H103 $3 130 SH SOLE None 130 T Call: OCT 2008 31.00 "Option, equity" 00206R9J3 -$1 50 CALL SOLE None 50 T. Rowe Price Group Inc. Common Stock 74144T108 $56 1050 SH SOLE None 1050 Taiwan Semiconductor ADS ADR 874039100 "$10,653" 1136882 SH SOLE None 1136882 Target Common Stock 8.76E+110 $29 600 SH SOLE None 600 Tata Motors Limited ADS ADR 876568502 $58 7542 SH SOLE None 7542 TCW Convertible Securities Fund Common Stock 872340104 $5 1875 SH SOLE None 1875 Technology Research Corp Common Stock 878727304 $2 855 SH SOLE None 855 Teekay LNG Partners LP Common Stock Y8564M105 $97 6150 SH SOLE None 6150 Telecom Corp. New Zealand Ltd. ADS ADR 879278208 $72 7821 SH SOLE None 7821 Teleflex Common Stock 879369106 "$3,809" 60000 SH SOLE None 60000 Telefonica SA ADS ADR 879382208 "$4,798" 67109 SH SOLE None 67109 "Telefonos de Mexico, Class L ADS" ADR 879403780 $406 15761 SH SOLE None 15761 Telekom Austria AG ADR ADR 87943Q109 $5 148 SH SOLE None 148 Telemex International Common Stock 879690105 $205 15761 SH SOLE None 15761 Telenor ASA ADR ADR 87944W105 $8 226 SH SOLE None 226 Telephone & Data Sys 6.625% Pfd Preferred Stock 879433852 $34 2100 SH SOLE None 2100 Telephone & Data Systems Special Sh Common Stock 879433860 $10 276 SH SOLE None 276 Telstra ADR ADR 87969N204 "$1,649" 100000 SH SOLE None 100000 Telus Common Stock 87971M103 $183 5000 SH SOLE None 5000 Telus Common Stock 87971M202 "$2,770" 77900 SH SOLE None 77900 Tenaris SA ADR ADR 88031M109 "$1,958" 52500 SH SOLE None 52500 Tenet Healthcare Common Stock 88033G100 $6 1170 SH SOLE None 1170 Textron Common Stock 883203101 $6 216 SH SOLE None 216 Thomas Group Common Stock 884402108 $1 435 SH SOLE None 435 Ticketmaster Common Stock 88633P302 $2 224 SH SOLE None 224 Tomkins PLC ADS ADR 890030208 "$1,115" 100750 SH SOLE None 100750 Toronto-Dominion Bank Common Stock 891160509 $460 7542 SH SOLE None 7542 TOTAL SA ADS ADR 8.92E+113 $201 3307 SH SOLE None 3307 Tower Group Common Stock 891777104 $6 234 SH SOLE None 234 Toyota Motor ADS ADR 892331307 "$8,682" 101190 SH SOLE None 101190 Transocean Common Stock G90073100 $9 78 SH SOLE None 78 Transportadora de Gas del Sur SA ADR 893870204 $4 1500 SH SOLE None 1500 Travelcenters of America Common Stock 894174101 $0 95 SH SOLE None 95 Travelers Cos Inc Common Stock 8.94E+113 $1 28 SH SOLE None 28 Tree.com Common Stock 894675107 $0 37 SH SOLE None 37 Trimble Navigation Ltd. Common Stock 896239100 "$11,049" 427270 SH SOLE None 427270 TSM Call: OCT 2008 10.00 "Option, equity" 87403B9J6 -$1 60 CALL SOLE None 60 Turkcell Iletisim Hizmetleri ADR ADR 900111105 $59 3967 SH SOLE None 3967 Tyco Electronics LTD Common Stock G9144P105 $2 64 SH SOLE None 64 U S Cellular Common Stock 911684108 $11 228 SH SOLE None 228 UAL Common Stock 902549807 $48 5500 SH SOLE None 5500 Ultra Petroleum Common Stock 903914109 $6 115 SH SOLE None 115 Ultralife Batteries Common Stock S18978999 $78 10000 SH SOLE None 10000 Unilever N.V. Common Stock 904784501 $181 6434 SH SOLE None 6434 Unilever PLC ADS ADR 904767704 "$4,125" 151600 SH SOLE None 151600 United Online Common Stock 911268100 $3 300 SH SOLE None 300 "United Parcel Service, Class B" Common Stock 911312106 "$20,941" 332974 SH SOLE None 332974 United States Steel Common Stock 912909108 "$4,889" 63000 SH SOLE None 63000 United Technologies Common Stock 913017109 "$4,597" 76540 SH SOLE None 76540 UnitedHealth Group Common Stock 91324P102 $140 5525 SH SOLE None 5525 UPM-Kymmene Oyj ADS ADR 915436109 $54 3500 SH SOLE None 3500 US Bancorp Common Stock 902973304 $52 1430 SH SOLE None 1430 USEC Common Stock 9.03E+112 $33 6100 SH SOLE None 6100 USG Common Stock 903293405 $3 102 SH SOLE None 102 Utstarcom Common Stock 918076100 $1 285 SH SOLE None 285 Valero Energy Common Stock 91913Y100 $2 62 SH SOLE None 62 Valspar Common Stock 920355104 $892 40000 SH SOLE None 40000 Valueclick Common Stock 92046N102 $6 550 SH SOLE None 550 Van Kampen Senior Income Trust Common Stock 920961109 $18 4389 SH SOLE None 4389 VCA Antech Common Stock 918194101 "$9,162" 310900 SH SOLE None 310900 Verigy Ltd. Common Stock Y93691106 "$2,947" 181043 SH SOLE None 181043 Verizon Communications Common Stock 92343V104 $9 295 SH SOLE None 295 Visteon Corp Common Stock 92839U107 $1 310 SH SOLE None 310 Vodafone Group PLC ADS ADR 92857W209 "$3,370" 152495 SH SOLE None 152495 Votorantim Celulose e Papel SA ADS ADR 92906p106 $123 8000 SH SOLE None 8000 Wachovia Corp Common Stock 929903102 $7 2000 SH SOLE None 2000 Walgreen Common Stock 931422109 $105 3389 SH SOLE None 3389 Washington Banking Common Stock 937303105 $57 6250 SH SOLE None 6250 Washington Mutual Common Stock 939322103 $0 1287 SH SOLE None 1287 "Washington Mutual, 7.75% cv pfd R" Convt Prefrd Stock 939322814 $0 45 SH SOLE None 45 Waste Connections Common Stock 941053100 $11 331 SH SOLE None 331 Watson Pharmaceuticals Common Stock 942683103 $3 119 SH SOLE None 119 Weatherford International Common Stock 947074100 $69 2748 SH SOLE None 2748 Wells Fargo & Co Common Stock 949746101 $42 1116 SH SOLE None 1116 Western Digital Common Stock 958102105 $5 220 SH SOLE None 220 Weyerhaeuser Common Stock 962166104 "$1,719" 28375 SH SOLE None 28375 Whirlpool Common Stock 963320106 $6 72 SH SOLE None 72 Wolverine World Wide Common Stock 978097103 $14 517 SH SOLE None 517 Worthington Inds;call Oct 17 1/2 "Option, equity" 9818119J0 $0 8 CALL SOLE None 8 Worthington Industries Common Stock 981811102 $23 1550 SH SOLE None 1550 Wright Express Corp Common Stock 98233Q105 $10 322 SH SOLE None 322 Wyeth Common Stock 983024100 "$12,493" 338210 SH SOLE None 338210 Xcel Energy Inc Common Stock 98389B100 $10 524 SH SOLE None 524 Xerox Common Stock 984121103 $5 415 SH SOLE None 415 Xilinx Common Stock 983919101 "$4,690" 200000 SH SOLE None 200000 Yahoo! Common Stock 984332106 $43 2475 SH SOLE None 2475 YRC Worldwide Common Stock 984249102 $1 60 SH SOLE None 60 "Zebra Technologies, Cl A" Common Stock 989207105 $23 817 SH SOLE None 817 Zimmer Holdings Common Stock 98956P102 "$9,758" 151150 SH SOLE None 151150 ZON Multimedia Spon ADR 69366K207 $0 42 SH SOLE None 42 TOTAL "$1,007,558"
-----END PRIVACY-ENHANCED MESSAGE-----