-----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, Q81e+Oa5zWW/NXrt9DgOzYwbBKUEqnuaEdNOQ+TxOMdsymqT5G4NOKo8FJGkE0nm V58dtAJAr6wbre3vegjRGw== 0001316617-08-000007.txt : 20080807 0001316617-08-000007.hdr.sgml : 20080807 20080807153828 ACCESSION NUMBER: 0001316617-08-000007 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080630 FILED AS OF DATE: 20080807 DATE AS OF CHANGE: 20080807 EFFECTIVENESS DATE: 20080807 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 SEC ACT: 1934 Act SEC FILE NUMBER: 028-11042 FILM NUMBER: 08998365 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 1 form13f20080630.txt Q2 HOLDINGS, JUNE 30, 2008 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F Form 13F Cover Page Report for the Quarter Ended: June 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 August 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: 503 Form 13F information table value total: $1,136,012 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 64 30300 SH SOLE None 30300 3M Common Stock 88579Y101 8079 116100 SH SOLE None 116100 51job ADR ADR 316827104 147 8000 SH SOLE None 8000 Abbott Laboratories Common Stock 2824100 11236 212115 SH SOLE None 212115 Accenture LTD-CL A Common Stock G1150G111 126 3100 SH SOLE None 3100 Activision Common Stock 4930202 245 7198 SH SOLE None 7198 Adobe Systems Common Stock 00724F101 15018 381270 SH SOLE None 381270 Advanced Micro Devices Common Stock 7903107 58 10000 SH SOLE None 10000 Aegon NV Common Stock 7924103 70 5361 SH SOLE None 5361 Agilent Technologies Common Stock 00846U101 7695 216522 SH SOLE None 216522 Air France-KLM ADR ADR 9119108 143 6000 SH SOLE None 6000 Air Products & Chemicals Common Stock 9158106 7433 75184 SH SOLE None 75184 Airgas Common Stock 9363102 13 223 SH SOLE None 223 Akamai Technologies Common Stock 00971T101 5706 164000 SH SOLE None 164000 Alabama Power Co Common Stock 10392496 148 6000 SH SOLE None 6000 Alabama Power Series JJ Preferred Stock 10392520 26 1000 SH SOLE None 1000 Alcoa Common Stock 13817101 6016 168890 SH SOLE None 168890 Amazon.com Common Stock 23135106 7729 105400 SH SOLE None 105400 America Movil SAB de CV ADS ADR 02364W105 13459 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 6151 451300 SH SOLE None 451300 American Electric Power Common Stock 25537101 5 120 SH SOLE None 120 American Oriental Bioengineering Common Stock 28731107 148 15000 SH SOLE None 15000 American Tower Class A Common Stock 29912201 2535 60000 SH SOLE None 60000 AmerisourceBergen Corp Common Stock 3.07E+108 2 55 SH SOLE None 55 Amgen Common Stock 31162100 7119 150944 SH SOLE None 150944 Anadarko Petroleum Common Stock 32511107 35 474 SH SOLE None 474 Analog Devices Common Stock 32654105 16 500 SH SOLE None 500 Anglo American PLC ADR ADR 03485P201 13034 367681 SH SOLE None 367681 Aon Corp Common Stock 37389103 115 2496 SH SOLE None 2496 Apache Common Stock 37411105 74 532 SH SOLE None 532 Apartment Investment & Management Common Stock 03748R101 142 4173 SH SOLE None 4173 Apartment Investment & Management Preferred Stock 03748r408 39 1600 SH SOLE None 1600 Apple Common Stock 37833100 32397 193485 SH SOLE None 193485 Applera Corp-Applied Biosystems Common Stock 38020103 27 800 SH SOLE None 800 Arch Coal Common Stock 39380100 17 224 SH SOLE None 224 Archer-Daniels-Midland Common Stock 39483102 2704 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 14 757 SH SOLE None 757 AstraZeneca PLC ADS ADR 46353108 5529 130000 SH SOLE None 130000 AT&T Common Stock 00206R102 7886 234076 SH SOLE None 234076 ATC Healthcare Common Stock 00209C102 0 2659 SH SOLE None 2659 AudioCodes Ltd. Common Stock 1082965 29 8000 SH SOLE None 8000 Australia & New Zealand Banking ADR 52528304 322 17935 SH SOLE None 17935 Autodesk Common Stock 52769106 30 900 SH SOLE None 900 Autoliv Common Stock 52800109 2804 60153 SH SOLE None 60153 Avery Dennison Common Stock 53611109 2636 60000 SH SOLE None 60000 Avista Common Stock 05379B107 250 11650 SH SOLE None 11650 AXA ADS ADR 54536107 153 5200 SH SOLE None 5200 Banco Bilbao Vizcaya Argentaria SA ADR 05946K101 142 7500 SH SOLE None 7500 Bank of America Common Stock 60505104 31 1300 SH SOLE None 1300 Bank of New York Mellon Common Stock 64058100 114 3018 SH SOLE None 3018 Barr Pharmaceuticals Common Stock 68306109 7961 176589 SH SOLE None 176589 BASF AG ADS ADR 55262505 3702 53850 SH SOLE None 53850 BCE Common Stock 05534B760 5661 162619 SH SOLE None 162619 Bed Bath & Beyond Common Stock 75896100 4497 160019 SH SOLE None 160019 Best Buy Common Stock 86516101 8705 219817 SH SOLE None 219817 BHP Billiton Ltd. ADS ADR 88606108 7435 87270 SH SOLE None 87270 Black & Decker Corp. Common Stock 91797100 2493 43350 SH SOLE None 43350 Boston Scientific Common Stock 101137107 18 1450 SH SOLE None 1450 BP PLC ADS ADR 55622104 14436 207502 SH SOLE None 207502 Brandywine Realty Trust Common Stock 105368203 6 397 SH SOLE None 397 Bristol-Myers Squibb Common Stock 110122108 281 13689 SH SOLE None 13689 "Bucyrus International, A" Common Stock 118759109 12 164 SH SOLE None 164 Building Materials Holding Common Stock 120113105 122 68913 SH SOLE None 68913 Bunge Limited Common Stock 13317810 5 50 SH SOLE None 50 Burlington Northern Santa Fe Corp. Common Stock 12189T104 6832 68400 SH SOLE None 68400 Cadbury Schweppes PLC ADS ADR 1.27E+106 129 2560 SH SOLE None 2560 Cadence Design Systems Common Stock 127387108 1 134 SH SOLE None 134 CAE Common Stock 124765108 4 335 SH SOLE None 335 Canadian National Railway Common Stock 136375102 5616 116800 SH SOLE None 116800 Canadian Pacific Railway Ltd. Common Stock 13645T100 18306 276780 SH SOLE None 276780 Canon ADS ADR 138006309 10858 212030 SH SOLE None 212030 Capital One Financial Common Stock 14040H105 4 100 SH SOLE None 100 Carlisle Companies Common Stock 142339100 4930 170000 SH SOLE None 170000 Carmax Common Stock 143130102 24 1680 SH SOLE None 1680 Caterpillar Common Stock 149123101 49 660 SH SOLE None 660 Charles River Laboratories Common Stock 159864107 96 1495 SH SOLE None 1495 Charles Schwab Common Stock 808513105 514 25000 SH SOLE None 25000 Chattem Common Stock 162456107 6 95 SH SOLE None 95 Check Point Software Tech Ltd Common Stock 1082411 8 346 SH SOLE None 346 Chemtura Common Stock 163893100 3 465 SH SOLE None 465 Cheung Kong HLDG UNSP/ADR ADR 166744201 4 328 SH SOLE None 328 ChevronTexaco Common Stock 166764100 332 3354 SH SOLE None 3354 China Mobile ADS ADR 16941M109 4660 69600 SH SOLE None 69600 China Telecom ADR ADR 169426103 2 40 SH SOLE None 40 Chubb Common Stock 171232101 282 5750 SH SOLE None 5750 Chunghwa Telecom Co. Ltd. ADR ADR 17133Q304 5441 214462 SH SOLE None 214462 Cisco Systems Inc. Common Stock 17275R102 9632 414098 SH SOLE None 414098 Citigroup Common Stock 172967101 17 999 SH SOLE None 999 Clorox Co. Common Stock 189054109 9135 175000 SH SOLE None 175000 Coach Inc. Common Stock 189754104 7240 250700 SH SOLE None 250700 Coca-Cola Co Common Stock 191216100 56 1080 SH SOLE None 1080 Coca-Cola Femsa SAB de CV ADS ADR 191241108 391 6926 SH SOLE None 6926 Colgate-Palmolive Co. Common Stock 194162103 6219 90000 SH SOLE None 90000 Companhia Vale do Rio Doce ADR ADR 204412209 215 6000 SH SOLE None 6000 Comtech Communications Common Stock 205826209 49 1000 SH SOLE None 1000 Concho Resources Common Stock 20605P101 16 422 SH SOLE None 422 ConocoPhillips Common Stock 20825C104 9161 97057 SH SOLE None 97057 Convergys Common Stock 212485106 4468 300700 SH SOLE None 300700 Copa Holdings SA Common Stock P31076105 141 5000 SH SOLE None 5000 Corning Common Stock 219350105 7 300 SH SOLE None 300 Corp Office Props Trust CLASS H Preferred Stock 22002T603 22 1000 SH SOLE None 1000 Costco Wholesale Common Stock 22160K105 28 400 SH SOLE None 400 Covidien LTD Common Stock G2552X108 11 238 SH SOLE None 238 Crane Common Stock 224399105 8091 210000 SH SOLE None 210000 Cree Common Stock 225447101 3855 169000 SH SOLE None 169000 CRH PLC ADS ADR 12626K203 131 4600 SH SOLE None 4600 CVS/Caremark Common Stock 126650100 3962 100125 SH SOLE None 100125 Danaher Common Stock 235851102 28 360 SH SOLE None 360 Dassault Systems SA ADR ADR 237545108 182 3000 SH SOLE None 3000 DD Call: JUL 2008 50.00 "Option, equity" 2635349G6 0 2 CALL SOLE None 2 DealerTrack Holdings Common Stock 242309102 2 141 SH SOLE None 141 DENTSPLY International Inc. Common Stock 249030107 9249 251340 SH SOLE None 251340 Devon Energy Common Stock 25179M103 360 3000 SH SOLE None 3000 Diebold Common Stock 253651103 28 800 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 Dominion Resources Inc./VA Common Stock 25746U109 6 120 SH SOLE None 120 Donnelley (RR) & Sons Common Stock 257867101 173 5825 SH SOLE None 5825 Dow Chemical Common Stock 260543103 41 1175 SH SOLE None 1175 Dr. Pepper Snapple Group Common Stock 2.61E+113 2203 105000 SH SOLE None 105000 DRE Call: JUl 2008 25.00 "Option, equity" 2644119G6 -1 40 CALL SOLE None 40 Dreamworks Animation Common Stock 26153C103 10 330 SH SOLE None 330 DTE Energy Common Stock 233331107 6 137 SH SOLE None 137 Duke Energy Common Stock 26441C105 1588 91360.672 SH SOLE None 91360.672 Duke Realty Common Stock 264411505 2818 125507.222 SH SOLE None 125507.222 Dun & Bradstreet Common Stock 2.65E+104 96 1098 SH SOLE None 1098 duPont (EI) de Nemours Common Stock 263534109 6181 144115 SH SOLE None 144115 E.ON AG AGS ADR 268780103 6051 90045 SH SOLE None 90045 Earthlink Common Stock 270321102 50 5775 SH SOLE None 5775 ECA Jul 2008 100 Call "Option, equity" 2925059G1 0 1 CALL SOLE None 1 Edison International Common Stock 281020107 55 1080 SH SOLE None 1080 El Paso Corporation Common Stock 28336L109 8 353 SH SOLE None 353 Electronic Data Systems Common Stock 285661104 2 100 SH SOLE None 100 Eli Lilly Common Stock 532457108 9001 195000 SH SOLE None 195000 EMCOR Group Common Stock 29084Q100 7846 275000 SH SOLE None 275000 Emerson Electric Common Stock 291011104 6923 140000 SH SOLE None 140000 Empresa Brasileira de Aeronautica ADR 29081M102 285 10742 SH SOLE None 10742 Emulex Common Stock 292475209 12 1000 SH SOLE None 1000 Enbridge Energy Partners LP Common Stock 29250R106 607 12060 SH SOLE None 12060 EnCana Common Stock 292505104 24997 274908 SH SOLE None 274908 Endurance Specialty Holdings Common Stock G30397106 9 294 SH SOLE None 294 Enersis SA ADS ADR 29274F104 140 9000 SH SOLE None 9000 Ente Nazionale Idrocarburi SpA ADR 26874R108 9 121 SH SOLE None 121 Entergy Common Stock 29364G103 4 35 SH SOLE None 35 "Entergy Arknsas Inc, Prf 6.70%" Preferred Stock 29364D811 75 3000 SH SOLE None 3000 Entergy MISS 1st MTG Preferred Stock 29364N876 25 1000 SH SOLE None 1000 Epcos AG ADS ADR 29410P107 122 7500 SH SOLE None 7500 Exar Common Stock 300645108 2 285 SH SOLE None 285 Exelon Corp Common Stock 30161N101 14 161 SH SOLE None 161 Expedia Inc. - Cl A Common Stock 30212P105 21 1122 SH SOLE None 1122 "Express Scripts, Cl A" Common Stock 302182100 50 804 SH SOLE None 804 Exxon Mobil Common Stock 30231G102 8006 90848 SH SOLE None 90848 Fair Issac & Co Common Stock 303250104 38 1806 SH SOLE None 1806 Fairpoint Communications Inc. Common Stock 305560104 0 1 SH SOLE None 1 Fannie Mae Common Stock 313586109 23 1200 SH SOLE None 1200 Fastenal Common Stock 311900104 6803 157620 SH SOLE None 157620 Fedex Common Stock 31428X106 32 400 SH SOLE None 400 Fiserv Common Stock 337738108 20 450 SH SOLE None 450 Flextronics International Common Stock 300999109 23 2394 SH SOLE None 2394 FLIR Systems Common Stock 302445101 81 2000 SH SOLE None 2000 Fording Canadian Coal Trust Common Stock 345425102 398 4159.61 SH SOLE None 4159.61 FPL Group Common Stock 302571104 12141 185140 SH SOLE None 185140 FPL Group Capital Trust I Preferred Stock 30257v207 50 2100 SH SOLE None 2100 France Telecom ADS ADR 35177Q105 9 295 SH SOLE None 295 Freddie Mac Common Stock 313400301 5 300 SH SOLE None 300 "Freeport-McMoRan Copper & Gold," Common Stock 35671D857 8438 72001 SH SOLE None 72001 Frontier Financial Common Stock 35907K105 291 34208 SH SOLE None 34208 Fuji Photo Film ADR ADR 35958N107 7 200 SH SOLE None 200 Furrs Restaurant Group Common Stock 361115603 0 2 SH SOLE None 2 Gabelli Dividend & Income Trust Common Stock 36242H104 18 1000 SH SOLE None 1000 Gartner Common Stock 366651107 2087 100700 SH SOLE None 100700 Gazprom Common Stock 368287207 3 59 SH SOLE None 59 Genentech Common Stock 368710406 10829 142675 SH SOLE None 142675 General Electric Common Stock 369604103 536 20067 SH SOLE None 20067 General Mills Common Stock 370334104 6745 111000 SH SOLE None 111000 Gentex Common Stock 371901109 11 736 SH SOLE None 736 Genuine Parts Common Stock 372460105 10521 265135 SH SOLE None 265135 Genzyme Common Stock 372917104 9399 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 97 4000 SH SOLE None 4000 Getty Images Common Stock 374276103 8 236 SH SOLE None 236 Gilead Sciences Common Stock 375558103 265 5000 SH SOLE None 5000 GlaxoSmithKline PLC ADS ADR 37733W105 3084 69748 SH SOLE None 69748 Global Payments Inc Common Stock 37940X102 34 728 SH SOLE None 728 Google Common Stock 38259P508 21 40 SH SOLE None 40 Great Plains Energy Inc. Common Stock 391164100 5 197 SH SOLE None 197 Green Mountain Coffee Roasters Common Stock 393122106 75 2000 SH SOLE None 2000 Groupe Danone ADS ADR 399449107 5340 380000 SH SOLE None 380000 Haemonetics Common Stock 405024100 11 206 SH SOLE None 206 Hain Celestial Group Common Stock 405217100 117 5000 SH SOLE None 5000 Halliburton Common Stock 406216101 6 120 SH SOLE None 120 Hansen Natural Common Stock 411310105 9704 336700 SH SOLE None 336700 Harman International Industries Common Stock 413086109 2239 54100 SH SOLE None 54100 Harris Common Stock 413875105 7763 153750 SH SOLE None 153750 Hasbro Common Stock 418056107 13 357 SH SOLE None 357 Health Care Property Common Stock 42217K106 13 302 SH SOLE None 302 Health Care Property Investors Common Stock 421915109 12 381 SH SOLE None 381 Healthextras Common Stock 422211102 8 263 SH SOLE None 263 Healthways Common Stock 422245100 6 217 SH SOLE None 217 Henry Schein Common Stock 806407102 14 271 SH SOLE None 271 Hercules Offshore Common Stock 427093109 10 272 SH SOLE None 272 Hewlett-Packard Common Stock 428236103 13052 295230 SH SOLE None 295230 Hittite Microwave Common Stock 43365Y104 10 273 SH SOLE None 273 Home Depot Common Stock 437076102 12 510 SH SOLE None 510 Honeywell International Common Stock 438516106 5825 115850 SH SOLE None 115850 Hospira Common Stock 441060100 243 6049 SH SOLE None 6049 Hospitality Properties Trust Common Stock 44106M102 23 950 SH SOLE None 950 Hudson Highland Group Common Stock 443792106 4 400 SH SOLE None 400 Humana Common Stock 444859102 10156 255357 SH SOLE None 255357 Huntsman Corp. Common Stock 447011107 2 185 SH SOLE None 185 Hutchison Telecom Intl ADR ADR 44841T107 6 306 SH SOLE None 306 Hutchison Whampoa ADR ADR 448415208 4 77 SH SOLE None 77 IAC/InterActiveCorp Common Stock 44919P300 22 1122 SH SOLE None 1122 IDACORP Common Stock 451107106 3182 110150 SH SOLE None 110150 IDEX Common Stock 45167R104 10 263 SH SOLE None 263 IDEXX Laboratories Common Stock 45168D104 6 116 SH SOLE None 116 Illinois Tool Works Common Stock 452308109 4751 100000 SH SOLE None 100000 IMS Health Common Stock 449934108 5083 218140 SH SOLE None 218140 Infineon Technologies AG ADR ADR 45662N103 43 5000 SH SOLE None 5000 Informatica Common Stock 45666Q102 6 410 SH SOLE None 410 ING Groep NV ADS ADR 456837103 177 5600 SH SOLE None 5600 Integrated Device Technology Common Stock 458118106 40 4030 SH SOLE None 4030 Intel Common Stock 458140100 9753 454040 SH SOLE None 454040 International Business Machines Common Stock 459200101 11178 94305 SH SOLE None 94305 Intevac Common Stock 461148108 2 195 SH SOLE None 195 Intuit Common Stock 461202103 11830 429074 SH SOLE None 429074 "Inverness Medical Innov, cv pfd B" Convt Prefrd Stock 46126P304 40 170 SH SOLE None 170 Iron Mountain Common Stock 462846106 24 907 SH SOLE None 907 ishares Russell 2000 Common Stock 464287655 33 476 SH SOLE None 476 Ivanhoe Mines Common Stock 46579N103 6 574 SH SOLE None 574 J.M. Smucker Common Stock 832696405 3251 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 3 160 SH SOLE None 160 James Hardie Industries NV ADS ADR 47030M106 60 3000 SH SOLE None 3000 "John Wiley & Sons, Class A" Common Stock 968223206 4728 105000 SH SOLE None 105000 Johnson & Johnson Common Stock 478160104 18517 287795 SH SOLE None 287795 Johnson Controls Common Stock 478366107 1 45 SH SOLE None 45 JP Morgan Chase & Co Common Stock 46625H100 78 2264 SH SOLE None 2264 KB Home Common Stock 48666K109 98 5775 SH SOLE None 5775 Kellogg Common Stock 487836108 6908 143850 SH SOLE None 143850 KeyCorp Common Stock 493267108 30 2772 SH SOLE None 2772 Kimberly-Clark Common Stock 494368103 7883 131860 SH SOLE None 131860 Kinder Morgan Energy Partners Common Stock 494550106 117 2100 SH SOLE None 2100 Kindred Healthcare Common Stock 494580103 4 140 SH SOLE None 140 Knight Transportation Common Stock 499064103 31 1699 SH SOLE None 1699 Kohl's Common Stock 500255104 20 500 SH SOLE None 500 Korea Electric Power ADS ADR 500631106 148 10155 SH SOLE None 10155 L S I Logic Common Stock 502161102 5 763 SH SOLE None 763 LaCrosse Footwear Common Stock 505688101 73 5000 SH SOLE None 5000 LAN Airlines SA ADS ADR 501723100 3917 382500 SH SOLE None 382500 Lifepoint Hospitals Common Stock 53219L109 16 581 SH SOLE None 581 Ligand Pharmaceuticals Common Stock 53220K207 26 10000 SH SOLE None 10000 Lincoln Electric Holdings Common Stock 533900106 7957 101100 SH SOLE None 101100 LKQ Common Stock 501889208 14 780 SH SOLE None 780 Lowe's Companies Common Stock 548661107 4854 233928 SH SOLE None 233928 Manitowoc Common Stock 563571108 14658 450600 SH SOLE None 450600 Maxim Integrated Products Common Stock 57772K101 12 555 SH SOLE None 555 McGraw-Hill Common Stock 580645109 15067 375556 SH SOLE None 375556 Medco Health Solutions Common Stock 58405U102 112 2370 SH SOLE None 2370 Merck & Co Common Stock 589331107 275 7303 SH SOLE None 7303 Merix Common Stock 590049102 5 2020 SH SOLE None 2020 Merrill Lynch Common Stock 590188108 14 440 SH SOLE None 440 Methanex Common Stock 591515101 4203 150000 SH SOLE None 150000 Metso ADS ADR 592671101 324 7100 SH SOLE None 7100 Microchip Technology Common Stock 595017104 3274 107200 SH SOLE None 107200 MICROS Systems Common Stock 594901100 10 332 SH SOLE None 332 Microsemi Common Stock 595137100 8 336 SH SOLE None 336 Microsoft Common Stock 594918104 101 3689 SH SOLE None 3689 Middleby Common Stock 596278101 8 174 SH SOLE None 174 Millicom Intl Cellular SA Common Stock 3870573 28 275 SH SOLE None 275 Mitsubishi UFJ Financial Group ADR ADR 606822104 88 10000 SH SOLE None 10000 Moody's Common Stock 615369105 151 4392 SH SOLE None 4392 "Moog, Cl A" Common Stock 615394202 9 250 SH SOLE None 250 Morningstar Common Stock 617700109 72 1000 SH SOLE None 1000 Motorola Common Stock 620076109 19 2606 SH SOLE None 2606 MS Structured Asset Preferred Stock 86360Y207 143 6000 SH SOLE None 6000 MWI Vterinary Supply Common Stock 55402X105 7 217 SH SOLE None 217 Mylan Laboratories Common Stock 628530107 2 180 SH SOLE None 180 National City Common Stock 635405103 13 2688 SH SOLE None 2688 National Fuel Gas Common Stock 636180101 7732 130000 SH SOLE None 130000 National Rural Utitlity Preferred Stock 637432709 24 1000 SH SOLE None 1000 Nestle's S.A. Common Stock 641069406 39 341 SH SOLE None 341 "New York Times, Cl A" Common Stock 650111107 2 144 SH SOLE None 144 News Corporation Common Stock 6.52E+108 5 330 SH SOLE None 330 Nidec ADR ADR 654090109 83 5000 SH SOLE None 5000 "Nike, Class B" Common Stock 654106103 9001 151000 SH SOLE None 151000 Nintendo Common Stock 654445303 6 86 SH SOLE None 86 NiSource Common Stock 65473P105 724 40387 SH SOLE None 40387 Nissan Motor Ltd. ADS ADR 654744408 148 9000 SH SOLE None 9000 Noble Common Stock G65422100 14304 220200 SH SOLE None 220200 Noble Energy Common Stock 655044105 22 218 SH SOLE None 218 Nokia Corp ADS ADR 654902204 2 100 SH SOLE None 100 Nomura Holdings ADR ADR 65535h208 158 10700 SH SOLE None 10700 Nordstrom Common Stock 655664100 158 5200 SH SOLE None 5200 Norfolk Southern Common Stock 655844108 14101 225000 SH SOLE None 225000 Norsk Hydro ASA ADS ADR 656531605 117 8000 SH SOLE None 8000 Novartis AG ADR ADR 66987V109 13783 250417 SH SOLE None 250417 Novo Nordisk A/S ADS ADR 670100205 8210 124400 SH SOLE None 124400 Nucor Common Stock 670346105 5266 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 2 255 SH SOLE None 255 Oracle Common Stock 68389X105 12356 588383 SH SOLE None 588383 Orbital Sciences Common Stock 685564106 10 425 SH SOLE None 425 "Orient-Express Hotels Ltd., Class A" Common Stock 683699102 261 6000 SH SOLE None 6000 Oshkosh Truck Common Stock 688239201 74 3600 SH SOLE None 3600 Pacific Financial Common Stock 694275108 40 3186 SH SOLE None 3186 Palomar Medical Tech Common Stock 697529303 3 261 SH SOLE None 261 PAREXEL International Common Stock 699462107 105 4000 SH SOLE None 4000 Parker Hannifin Common Stock 701094104 5748 80600 SH SOLE None 80600 Patterson - UTI Energy Common Stock 703481101 260 7200 SH SOLE None 7200 Patterson Companies Common Stock 703395103 10 350 SH SOLE None 350 PDF Solutions Common Stock 693282105 7 1100 SH SOLE None 1100 Peabody Energy Corp Common Stock 704549104 13 152 SH SOLE None 152 Pearson PLC ADS ADR 705015105 2885 235490 SH SOLE None 235490 Pentair Common Stock 709631105 12 341 SH SOLE None 341 PepsiCo Common Stock 713448108 19728 310238 SH SOLE None 310238 Petro-Canada Common Stock 7.16E+106 4683 84000 SH SOLE None 84000 Petrohawk Energy Common Stock 716495106 35 755 SH SOLE None 755 Petroleo Brasileiro ADR ADR 71654V408 120 1700 SH SOLE None 1700 PetSmart Common Stock 716768106 4707 235960 SH SOLE None 235960 Pfizer Common Stock 717081103 7447 426296 SH SOLE None 426296 Pharmaceutical Product Development Common Stock 717124101 8629 201150 SH SOLE None 201150 Pharmerica Corp Common Stock 71714F104 1 51 SH SOLE None 51 Philips Electronics N.V. ADR 718337504 6 168 SH SOLE None 168 Piedmont Natural Gas Common Stock 720186105 1570 60000 SH SOLE None 60000 PIMCO Commercial Mortgage Secs Common Stock 693388100 10 1000 SH SOLE None 1000 Pioneer Natural Resource Common Stock 723787107 20 253 SH SOLE None 253 Pitney Bowes Common Stock 724479100 12 350 SH SOLE None 350 Plum Creek Timber Common Stock 729251108 2648 62007 SH SOLE None 62007 Polycom Common Stock 73172K104 40 1630 SH SOLE None 1630 Portugal Telecom SGPS ADS ADR 737273102 3 304 SH SOLE None 304 Potash Corp. of Saskatchewan Common Stock 73755L107 32366 141600 SH SOLE None 141600 Praxair Common Stock 74005P104 8126 86225 SH SOLE None 86225 Precision Drilling Common Stock 74022D100 81 2970 SH SOLE None 2970 Procter & Gamble Common Stock 742718109 7710 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 715680104 91 2500 SH SOLE None 2500 Public Storage International Common Stock 74460D109 170 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 9982 224964 SH SOLE None 224964 Quanta Services Common Stock 7.48E+106 13 376 SH SOLE None 376 Quantum Common Stock 747906204 540 400000 SH SOLE None 400000 Quest Diagnostics Common Stock 74834L100 2 49 SH SOLE None 49 Questar Common Stock 748356102 3 40 SH SOLE None 40 Raymond James Financial Common Stock 754730109 188 7138 SH SOLE None 7138 Raytheon Company Common Stock 755111507 169 3000 SH SOLE None 3000 RealNetworks Common Stock 75605L104 5 800 SH SOLE None 800 Realty Income Corp 8.25% Preferred Stock 756109203 181 7200 SH SOLE None 7200 Red Lion Hotels Common Stock 95750P106 167 21000 SH SOLE None 21000 Reed Elsevier NV ADS ADR 758204101 6 192 SH SOLE None 192 Regal-Beloit Common Stock 758750103 10590 250650 SH SOLE None 250650 Rentokil Initl PLC ADR 760125104 2 156 SH SOLE None 156 Repsol YPF ADS ADR 76026T205 600 15282 SH SOLE None 15282 Rio Tinto PLC ADS ADR 767204100 24996 50496 SH SOLE None 50496 Ritchie Bros. Auctioneers Common Stock 767744105 326 12000 SH SOLE None 12000 Rockwell Automation Common Stock 773903109 4810 110000 SH SOLE None 110000 Rockwell Collins Common Stock 774341101 38 800 SH SOLE None 800 Rogers Communications Cl B Common Stock 775109200 6195 160249 SH SOLE None 160249 Rohm & Haas Common Stock 775371107 8 165 SH SOLE None 165 Rowan Cos. Common Stock 779382100 15 319 SH SOLE None 319 Royal Dutch Shell Class B ADR 780259107 8 99 SH SOLE None 99 Royal Dutch Shell PLC ADR 780259206 82 1000 SH SOLE None 1000 RPM International Common Stock 749685103 3729 181000 SH SOLE None 181000 S & P Mid-Cap 400 SPDR's Common Stock S30821995 29 198 SH SOLE None 198 Safeco Common Stock 786429100 113 1678 SH SOLE None 1678 SanDisk Common Stock 80004C101 2525 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 5 105 SH SOLE None 105 "Saturn Goodrich, Series 2002 pfd" Preferred Stock 80410V206 39 1600 SH SOLE None 1600 Saturns Dpl Inc Bkd Ser 2002 3 Tr. Preferred Stock 80410A202 36 1500 SH SOLE None 1500 Saturns Hertz Corp Series 2003-8 Preferred Stock 804115202 18 1000 SH SOLE None 1000 Satyam Computer Services ADR ADR 804098101 147 6000 SH SOLE None 6000 Schlumberger Ltd Common Stock 806857108 254 2360 SH SOLE None 2360 Sciele Pharma Common Stock 808627103 6 332 SH SOLE None 332 Seagate Technology Common Stock G7945J104 3888 203250 SH SOLE None 203250 Sealed Air Common Stock 81211K100 2 80 SH SOLE None 80 Sempra Energy Common Stock 816851109 2548 45144 SH SOLE None 45144 Semtech Common Stock 816850101 19 1330 SH SOLE None 1330 Shire PLC ADR ADR 82481r106 98 2000 SH SOLE None 2000 Silver Standard Resources Common Stock 82823L106 8 274 SH SOLE None 274 Simon Property Group Common Stock 828806109 99 1100 SH SOLE None 1100 Singapore Telecom ADR ADR 82929R304 49 1855 SH SOLE None 1855 Sinopec ADR ADR 16941R108 6 63 SH SOLE None 63 Sirona Dental Systems Common Stock 82966C103 3 131 SH SOLE None 131 SK Telecom Ltd. ADR ADR 78440P108 1206 58060 SH SOLE None 58060 Sony ADS ADR 835699307 5511 126000 SH SOLE None 126000 Southwest Airlines Common Stock 844741108 13 1000 SH SOLE None 1000 Southwestern Energy Common Stock 845467109 32 674 SH SOLE None 674 Spectra Energy Common Stock 847560109 1350 46980 SH SOLE None 46980 Stage Stores Common Stock 85254C305 41 3487 SH SOLE None 3487 Staples Common Stock 855030102 6116 257516 SH SOLE None 257516 State Street Corp Common Stock 857477103 24 377 SH SOLE None 377 StatoilHydo ASA ADS ADR 85771P102 216 5776 SH SOLE None 5776 Stericycle Common Stock 858912108 25 488 SH SOLE None 488 Stora Enso Oyj ADS ADR 86210M106 5 501 SH SOLE None 501 streetTRACKS Gold Trust Common Stock 863307104 31 337 SH SOLE None 337 Suburban Propane Partners LP Common Stock 864482104 153 4000 SH SOLE None 4000 Suez-ADR ADR 864686100 9 131 SH SOLE None 131 SumTotal Systems Common Stock 866615107 253 54250 SH SOLE None 54250 Sun Microsystems Common Stock 866810104 680 62500 SH SOLE None 62500 SunPower Common Stock 867652109 86 1200 SH SOLE None 1200 Superior Well Services Common Stock 86837X105 13 416 SH SOLE None 416 Swire Pac LTD ADR 870794302 2 169 SH SOLE None 169 Synchronoss Technologies Common Stock 87157B103 135 15000 SH SOLE None 15000 Syntel Common Stock 87162H103 4 130 SH SOLE None 130 T Call: Jul 2008 40.00 "Option, equity" 00206R9G9 0 20 CALL SOLE None 20 T. Rowe Price Group Inc. Common Stock 74144T108 59 1050 SH SOLE None 1050 Taiwan Semiconductor ADS ADR 874039100 12341 1136949 SH SOLE None 1136949 Target Common Stock 8.76E+110 28 600 SH SOLE None 600 Tata Motors Limited ADS ADR 876568502 76 7542 SH SOLE None 7542 TCW Convertible Securities Fund Common Stock 872340104 7 1875 SH SOLE None 1875 Technology Research Corp Common Stock 878727304 2 855 SH SOLE None 855 Teekay LNG Partners LP Common Stock Y8564M105 162 6150 SH SOLE None 6150 Telecom Corp. New Zealand Ltd. ADS ADR 879278208 106 7821 SH SOLE None 7821 Teleflex Common Stock 879369106 3335 60000 SH SOLE None 60000 Telefonica SA ADS ADR 879382208 5341 67109 SH SOLE None 67109 "Telefonos de Mexico, Class L ADS" ADR 879403780 373 15761 SH SOLE None 15761 Telekom Austria AG ADR ADR 87943Q109 6 148 SH SOLE None 148 Telemex International Common Stock 879690105 254 15761 SH SOLE None 15761 Telenor ASA ADR ADR 87944W105 13 226 SH SOLE None 226 Telephone & Data Sys 6.625% Pfd Preferred Stock 879433852 42 2100 SH SOLE None 2100 Telephone & Data Systems Special Sh Common Stock 879433860 12 276 SH SOLE None 276 Telstra ADR ADR 87969N204 2034 100000 SH SOLE None 100000 Telus Common Stock 87971M103 210 5000 SH SOLE None 5000 Telus Common Stock 87971M202 3142 77900 SH SOLE None 77900 Tenaris SA ADR ADR 88031M109 3911 52500 SH SOLE None 52500 Tenet Healthcare Common Stock 88033G100 7 1170 SH SOLE None 1170 Textron Common Stock 883203101 10 216 SH SOLE None 216 Thomas Group Common Stock 884402108 1 435 SH SOLE None 435 Tomkins PLC ADS ADR 890030208 1219 100750 SH SOLE None 100750 Toronto-Dominion Bank Common Stock 891160509 470 7542 SH SOLE None 7542 TOTAL SA ADS ADR 8.92E+113 282 3307 SH SOLE None 3307 Tower Group Common Stock 891777104 5 234 SH SOLE None 234 Toyota Motor ADS ADR 892331307 9512 101190 SH SOLE None 101190 Transocean Common Stock G90073100 12 78 SH SOLE None 78 Transportadora de Gas del Sur SA ADR 893870204 5 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 Trimble Navigation Ltd. Common Stock 896239100 15254 427270 SH SOLE None 427270 TSM Call: Jul 2008 10.00 "Option, equity" 8740399G7 -1 10 CALL SOLE None 10 Turkcell Iletisim Hizmetleri ADR ADR 900111105 58 3967 SH SOLE None 3967 Tyco Electronics LTD Common Stock G9144P105 2 64 SH SOLE None 64 U S Cellular Common Stock 911684108 13 228 SH SOLE None 228 UAL Common Stock 902549807 29 5500 SH SOLE None 5500 Ultra Petroleum Common Stock 903914109 11 115 SH SOLE None 115 Ultralife Batteries Common Stock S18978999 107 10000 SH SOLE None 10000 Unilever N.V. Common Stock 904784501 183 6434 SH SOLE None 6434 Unilever PLC ADS ADR 904767704 4307 151600 SH SOLE None 151600 United Online Common Stock 911268100 3 300 SH SOLE None 300 "United Parcel Service, Class B" Common Stock 911312106 20468 332974 SH SOLE None 332974 United States Steel Common Stock 912909108 11641 63000 SH SOLE None 63000 United Technologies Common Stock 913017109 4723 76540 SH SOLE None 76540 UnitedHealth Group Common Stock 91324P102 145 5525 SH SOLE None 5525 UPM-Kymmene Oyj ADS ADR 915436109 57 3500 SH SOLE None 3500 US Bancorp Common Stock 902973304 40 1430 SH SOLE None 1430 USEC Common Stock 9.03E+112 37 6100 SH SOLE None 6100 USG Common Stock 903293405 3 102 SH SOLE None 102 Utstarcom Common Stock 918076100 2 285 SH SOLE None 285 Valero Energy Common Stock 91913Y100 3 62 SH SOLE None 62 Valspar Common Stock 920355104 756 40000 SH SOLE None 40000 Valueclick Common Stock 92046N102 8 550 SH SOLE None 550 Van Kampen Senior Income Trust Common Stock 920961109 25 4389 SH SOLE None 4389 VCA Antech Common Stock 918194101 8637 310900 SH SOLE None 310900 Verigy Ltd. Common Stock Y93691106 4111 181043 SH SOLE None 181043 Verizon Communications Common Stock 92343V104 10 295 SH SOLE None 295 Vertical Communications Common Stock 924914104 1 10000 SH SOLE None 10000 Visteon Corp Common Stock 92839U107 1 310 SH SOLE None 310 Vodafone Group PLC ADS ADR 92857W209 4493 152495 SH SOLE None 152495 Votorantim Celulose e Papel SA ADS ADR 92906p106 214 8000 SH SOLE None 8000 Wachovia Corp Common Stock 929903102 31 2000 SH SOLE None 2000 Walgreen Common Stock 931422109 110 3389 SH SOLE None 3389 Washington Banking Common Stock 937303105 49 6250 SH SOLE None 6250 Washington Mutual Common Stock 939322103 6 1287 SH SOLE None 1287 "Washington Mutual, 7.75% cv pfd R" Convt Prefrd Stock 939322814 27 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 136 2748 SH SOLE None 2748 Wells Fargo & Co Common Stock 949746101 27 1116 SH SOLE None 1116 Western Digital Common Stock 958102105 8 220 SH SOLE None 220 Weyerhaeuser Common Stock 962166104 1451 28375 SH SOLE None 28375 Whirlpool Common Stock 963320106 4 72 SH SOLE None 72 Wolverine World Wide Common Stock 978097103 14 517 SH SOLE None 517 WOR Call: Jul 2008 17.50 "Option, equity" 9818119G9 -3 8 CALL SOLE None 8 Worthington Industries Common Stock 981811102 32 1550 SH SOLE None 1550 Wright Express Corp Common Stock 98233Q105 8 322 SH SOLE None 322 Wyeth Common Stock 983024100 16221 338210 SH SOLE None 338210 Xcel Energy Inc Common Stock 98389B100 11 524 SH SOLE None 524 Xerox Common Stock 984121103 6 415 SH SOLE None 415 Xilinx Common Stock 983919101 5050 200000 SH SOLE None 200000 Yahoo! Common Stock 984332106 51 2475 SH SOLE None 2475 YRC Worldwide Common Stock 984249102 1 60 SH SOLE None 60 "Zebra Technologies, Cl A" Common Stock 989207105 27 817 SH SOLE None 817 Zimmer Holdings Common Stock 98956P102 10286 151150 SH SOLE None 151150 ZON Multimedia Spon ADR 69366K207 0 42 SH SOLE None 42 TOTAL 1136012
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