-----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, IbVGawOHL6LOz95SB3B8Ez0Jckrnev2nRROS9TcwjPlnGaOMwvyc4Q+ISaoY7biR jDSLtwQLngtsfPBnxlnSnA== 0001316617-08-000005.txt : 20080506 0001316617-08-000005.hdr.sgml : 20080506 20080505192755 ACCESSION NUMBER: 0001316617-08-000005 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080331 FILED AS OF DATE: 20080506 DATE AS OF CHANGE: 20080505 EFFECTIVENESS DATE: 20080506 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: 08804278 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 form13f20080331.txt Q1 HOLDINGS REPORT, MARCH 31, 2008 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F Form 13F Cover Page Report for the Quarter Ended: March 31, 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 May 5, 2008 Report Type: 13F HOLDINGS REPORT FORM 13F SUMMARY PAGE Report Summary Number of other included managers: 0 Form 13F information table entry total: 515 Form 13F information table value total: $860,413 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 69 30300 SH SOLE None 30300 3M Common Stock 88579Y101 5628 71100 SH SOLE None 71100 51job ADR ADR 316827104 130 8000 SH SOLE None 8000 Abbott Laboratories Common Stock 2824100 6790 123117 SH SOLE None 123117 Accenture LTD-CL A Common Stock G1150G111 109 3100 SH SOLE None 3100 Activision Common Stock 4930202 197 7198 SH SOLE None 7198 Adobe Systems Common Stock 00724F101 7950 223370 SH SOLE None 223370 Advanced Medical Optics Common Stock 00763M108 3 140 SH SOLE None 140 Advanced Micro Devices Common Stock 7903107 2120 360000 SH SOLE None 360000 Aegon NV Common Stock 7924103 76 5204 SH SOLE None 5204 Affiliated Computer Services Common Stock 8190100 8 152 SH SOLE None 152 Agilent Technologies Common Stock 00846U101 6459 216522 SH SOLE None 216522 Air France-KLM ADR ADR 9119108 113 4000 SH SOLE None 4000 Air Products & Chemicals Common Stock 9158106 4617 50184 SH SOLE None 50184 Airgas Common Stock 9363102 10 223 SH SOLE None 223 Akamai Technologies Common Stock 00971T101 1802 64000 SH SOLE None 64000 Alabama Power Co Common Stock 10392496 148 6000 SH SOLE None 6000 Alabama Power Series JJ Preferred Stock 10392520 27 1000 SH SOLE None 1000 Alaska Air Group Common Stock 11659109 3 140 SH SOLE None 140 Alcoa Common Stock 13817101 6090 168890 SH SOLE None 168890 Allegiant Travel Common Stock 01748X102 0 10000 SH SOLE None 10000 Amazon.com Common Stock 23135106 3950 55400 SH SOLE None 55400 Ameren Common Stock 23608102 8 188 SH SOLE None 188 America Movil SAB de CV ADS ADR 02364W105 10869 170650 SH SOLE None 170650 American Axle and MFG Holdings Common Stock 24061103 2 105 SH SOLE None 105 American Eagle Outfitters Common Stock 2.55E+109 5276 301300 SH SOLE None 301300 American Electric Power Common Stock 25537101 5 120 SH SOLE None 120 American Oriental Bioengineering Common Stock 28731107 122 15000 SH SOLE None 15000 AmerisourceBergen Corp Common Stock 3.07E+108 2 55 SH SOLE None 55 Amgen Common Stock 31162100 6491 155359 SH SOLE None 155359 Anadarko Petroleum Common Stock 32511107 30 474 SH SOLE None 474 Analog Devices Common Stock 32654105 15 500 SH SOLE None 500 Anglo American PLC ADR ADR 03485P201 10946 367681 SH SOLE None 367681 Aon Corp Common Stock 37389103 100 2496 SH SOLE None 2496 Apache Common Stock 37411105 64 532 SH SOLE None 532 Apartment Investment & Management Common Stock 03748R101 149 4173 SH SOLE None 4173 Apartment Investment & Management Preferred Stock 03748r408 39 1600 SH SOLE None 1600 Apple Common Stock 37833100 27704 193060 SH SOLE None 193060 Applera Corp-Applied Biosystems Common Stock 38020103 26 800 SH SOLE None 800 Arch Coal Common Stock 39380100 10 224 SH SOLE None 224 Archer-Daniels-Midland Common Stock 39483102 5 125 SH SOLE None 125 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 15 757 SH SOLE None 757 AstraZeneca PLC ADS ADR 46353108 3305 87000 SH SOLE None 87000 AT&T Common Stock 00206R102 6598 172276 SH SOLE None 172276 AudioCodes Ltd. Common Stock 1082965 32 8000 SH SOLE None 8000 Australia & New Zealand Banking ADR 52528304 369 3587 SH SOLE None 3587 Autodesk Common Stock 52769106 28 900 SH SOLE None 900 Autoliv Common Stock 52800109 3020 60153 SH SOLE None 60153 Avery Dennison Common Stock 53611109 2955 60000 SH SOLE None 60000 Avista Common Stock 05379B107 2966 151650 SH SOLE None 151650 AXA ADS ADR 54536107 188 5200 SH SOLE None 5200 Banco Bilbao Vizcaya Argentaria SA ADR 05946K101 165 7500 SH SOLE None 7500 Bank of America Common Stock 60505104 49 1300 SH SOLE None 1300 Bank of New York Mellon Common Stock 64058100 126 3018 SH SOLE None 3018 Barr Pharmaceuticals Common Stock 68306109 7758 160589 SH SOLE None 160589 BASF AG ADS ADR 55262505 3612 26925 SH SOLE None 26925 BCE Common Stock 05534B760 4136 122619 SH SOLE None 122619 Bed Bath & Beyond Common Stock 75896100 4721 160019 SH SOLE None 160019 Benchmark Electronics Common Stock 08160H101 3 190 SH SOLE None 190 Best Buy Common Stock 86516101 7041 169817 SH SOLE None 169817 BHP Billiton Ltd. ADS ADR 88606108 4759 72270 SH SOLE None 72270 Black & Decker Corp. Common Stock 91797100 2865 43350 SH SOLE None 43350 Boston Scientific Common Stock 101137107 19 1450 SH SOLE None 1450 BP PLC ADS ADR 55622104 9552 157502 SH SOLE None 157502 Brandywine Realty Trust Common Stock 105368203 7 397 SH SOLE None 397 Bristol-Myers Squibb Common Stock 110122108 317 14889 SH SOLE None 14889 "Bucyrus International, A" Common Stock 118759109 8 82 SH SOLE None 82 Building Materials Holding Common Stock 120113105 413 94185 SH SOLE None 94185 Bunge Limited Common Stock 13317810 4 50 SH SOLE None 50 Burlington Northern Santa Fe Corp. Common Stock 12189T104 5386 58400 SH SOLE None 58400 Cadbury Schweppes PLC ADS ADR 127209302 177 4000 SH SOLE None 4000 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 4677 96800 SH SOLE None 96800 Canadian Pacific Railway Ltd. Common Stock 13645T100 16508 256780 SH SOLE None 256780 Canon ADS ADR 138006309 9739 210030 SH SOLE None 210030 Capital One Financial Common Stock 14040H105 5 100 SH SOLE None 100 Carmax Common Stock 143130102 33 1680 SH SOLE None 1680 Cascade Financial Common Stock 147357107 91 7462 SH SOLE None 7462 Caterpillar Common Stock 149123101 52 660 SH SOLE None 660 Charles River Laboratories Common Stock 159864107 88 1495 SH SOLE None 1495 Charles Schwab Common Stock 808513105 471 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 5 328 SH SOLE None 328 ChevronTexaco Common Stock 166764100 286 3354 SH SOLE None 3354 China Mobile ADS ADR 16941M109 5221 69600 SH SOLE None 69600 China Telecom ADR ADR 169426103 3 40 SH SOLE None 40 Chubb Common Stock 171232101 285 5750 SH SOLE None 5750 Chunghwa Telecom CALL: May 30 "Option, equity" 17133Q9E8 -1 20 CALL SOLE None 20 Chunghwa Telecom Co. Ltd. ADR ADR 17133Q304 4540 174462 SH SOLE None 174462 Cintas Common Stock 172908105 9 299 SH SOLE None 299 Cisco Systems Inc. Common Stock 17275R102 8771 364098 SH SOLE None 364098 Citigroup Common Stock 172967101 21 999 SH SOLE None 999 Clorox Co. Common Stock 189054109 7080 125000 SH SOLE None 125000 Coach Inc. Common Stock 189754104 5147 170700 SH SOLE None 170700 Coca-Cola Co Common Stock 191216100 66 1080 SH SOLE None 1080 Coca-Cola Femsa SAB de CV ADS ADR 191241108 390 6926 SH SOLE None 6926 Colgate-Palmolive Co. Common Stock 194162103 4986 64000 SH SOLE None 64000 Companhia Vale do Rio Doce ADR ADR 204412209 208 6000 SH SOLE None 6000 Comtech Communications Common Stock 205826209 39 1000 SH SOLE None 1000 Concho Resources Common Stock 20605P101 11 422 SH SOLE None 422 ConocoPhillips Common Stock 20825C104 5110 67057 SH SOLE None 67057 Convergys Common Stock 212485106 4529 300700 SH SOLE None 300700 Copa Holdings SA Common Stock P31076105 191 5000 SH SOLE None 5000 Corning Common Stock 219350105 7 300 SH SOLE None 300 Corp Office Props Trust CLASS H Preferred Stock 22002T603 24 1000 SH SOLE None 1000 Costco Wholesale Common Stock 22160K105 26 400 SH SOLE None 400 Covidien LTD Common Stock G2552X108 11 238 SH SOLE None 238 Crane Common Stock 224399105 6860 170000 SH SOLE None 170000 Cree Common Stock 225447101 4725 169000 SH SOLE None 169000 CRH PLC ADS ADR 12626K203 176 4600 SH SOLE None 4600 CVS/Caremark Common Stock 126650100 5 125 SH SOLE None 125 Danaher Common Stock 235851102 27 360 SH SOLE None 360 Dassault Systems SA ADR ADR 237545108 174 3000 SH SOLE None 3000 Dataram Common Stock 238108203 3 900 SH SOLE None 900 DealerTrack Holdings Common Stock 242309102 3 141 SH SOLE None 141 Dell Common Stock 24702R101 4 225 SH SOLE None 225 Delphi Automotive Systems Common Stock 247126105 0 1380 SH SOLE None 1380 DENTSPLY International Inc. Common Stock 249030107 9702 251340 SH SOLE None 251340 Devon Energy Common Stock 25179M103 313 3000 SH SOLE None 3000 Diebold Common Stock 253651103 30 800 SH SOLE None 800 Dillards Inc Common Stock 254067101 2 90 SH SOLE None 90 DirectTV Group Common Stock 25459L106 7 297 SH SOLE None 297 Disney (Walt) Common Stock 254687106 8 260 SH SOLE None 260 Dominion Resources Inc./VA Common Stock 25746U109 5 120 SH SOLE None 120 Donnelley (RR) & Sons Common Stock 257867101 177 5825 SH SOLE None 5825 Dow Chemical Common Stock 260543103 43 1175 SH SOLE None 1175 Dreamworks Animation Common Stock 26153C103 9 330 SH SOLE None 330 Duke Energy Common Stock 26441C105 1631 91360.672 SH SOLE None 91360.672 Duke Realty Common Stock 264411505 2352 103107.222 SH SOLE None 103107.222 Dun & Bradstreet Common Stock 2.65E+104 89 1098 SH SOLE None 1098 duPont (EI) deNemours Common Stock 263534109 3515 75165 SH SOLE None 75165 E.ON AG AGS ADR 268780103 5574 90045 SH SOLE None 90045 Earthlink Common Stock 270321102 44 5775 SH SOLE None 5775 Edison International Common Stock 281020107 53 1080 SH SOLE None 1080 El Paso Corporation Common Stock 28336L109 6 353 SH SOLE None 353 Electronic Data Systems Common Stock 285661104 6 386 SH SOLE None 386 Eli Lilly Common Stock 532457108 8494 164650 SH SOLE None 164650 EMCOR Group Inc. Common Stock 29084Q100 3731 168000 SH SOLE None 168000 Emerson Electric Common Stock 291011104 5146 100000 SH SOLE None 100000 Empresa Brasileira de Aeronautica ADR 29081M102 424 10742 SH SOLE None 10742 Emulex Common Stock 292475209 16 1000 SH SOLE None 1000 Enbridge Energy Partners LP Common Stock 29250R106 573 12060 SH SOLE None 12060 EnCana Common Stock 292505104 19491 257308 SH SOLE None 257308 Endurance Specialty Holdings Common Stock G30397106 11 294 SH SOLE None 294 Energy Group PLC ADS Common Stock 292691102 12 263 SH SOLE None 263 Enersis SA ADS ADR 29274F104 159 9000 SH SOLE None 9000 Ente Nazionale Idrocarburi SpA ADR 26874R108 8 121 SH SOLE None 121 Entergy Common Stock 29364G103 4 35 SH SOLE None 35 "Entergy Arknsas Inc, Prf 6.70%" Preferred Stock 29364D811 77 3000 SH SOLE None 3000 Entergy MISS 1st MTG Preferred Stock 29364N876 25 1000 SH SOLE None 1000 Epcos AG ADS ADR 29410P107 112 7500 SH SOLE None 7500 ESCALADE INC Common Stock S11665999 4 425 SH SOLE None 425 Exar Common Stock 300645108 2 285 SH SOLE None 285 Expedia Inc. - Cl A Common Stock 30212P105 25 1122 SH SOLE None 1122 "Express Scripts, Cl A" Common Stock 302182100 52 804 SH SOLE None 804 Exxon Mobil Common Stock 30231G102 5147 60848 SH SOLE None 60848 Fair Issac & Co Common Stock 303250104 39 1806 SH SOLE None 1806 Fannie Mae Common Stock 313586109 32 1200 SH SOLE None 1200 Fastenal Common Stock 311900104 7239 157620 SH SOLE None 157620 Fedex Common Stock 31428X106 37 400 SH SOLE None 400 Fiserv Common Stock 337738108 22 450 SH SOLE None 450 Flanders Common Stock 338494107 4 625 SH SOLE None 625 Flextronics International Common Stock 300999109 22 2394 SH SOLE None 2394 FLIR Systems Common Stock 302445101 260 8628 SH SOLE None 8628 Fording Canadian Coal Trust Common Stock 345425102 217 4159.61 SH SOLE None 4159.61 FPL Group Common Stock 302571104 9733 155140 SH SOLE None 155140 FPL Group Capital Trust I Preferred Stock 30257v207 50 2100 SH SOLE None 2100 France Telecom ADS ADR 35177Q105 10 295 SH SOLE None 295 Freddie Mac Common Stock 313400301 8 300 SH SOLE None 300 "Freeport-McMoRan Copper & Gold," Common Stock 35671D857 6928 72001 SH SOLE None 72001 Frontier Financial Common Stock 35907K105 592 33458 SH SOLE None 33458 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 1174 60700 SH SOLE None 60700 Gazprom Common Stock 368287207 3 59 SH SOLE None 59 Genentech Common Stock 368710406 8741 107675 SH SOLE None 107675 General Electric Common Stock 369604103 743 20067 SH SOLE None 20067 General Mills Common Stock 370334104 5748 96000 SH SOLE None 96000 Gentex Common Stock 371901109 13 736 SH SOLE None 736 Genuine Parts Common Stock 372460105 8653 215135 SH SOLE None 215135 Genzyme Common Stock 372917104 9747 130757 SH SOLE None 130757 Georgia Gulf Common Stock 373200203 2 225 SH SOLE None 225 Georgia Power CO Cl A PFD 6.125% Preferred Stock 373334473 100 4000 SH SOLE None 4000 Getty Images Common Stock 374276103 8 236 SH SOLE None 236 GlaxoSmithKline PLC ADS ADR 37733W105 2959 69748 SH SOLE None 69748 Global Payments Inc Common Stock 37940X102 30 728 SH SOLE None 728 Google Common Stock 38259P508 18 40 SH SOLE None 40 Great Plains Energy Inc. Common Stock 391164100 8 314 SH SOLE None 314 Green Mountain Coffee Roasters Common Stock 393122106 28 900 SH SOLE None 900 Groupe Danone ADS ADR 399449107 6798 380000 SH SOLE None 380000 Haemonetics Common Stock 405024100 12 206 SH SOLE None 206 Hain Celestial Group Common Stock 405217100 148 5000 SH SOLE None 5000 Halliburton Common Stock 406216101 5 120 SH SOLE None 120 Hansen Natural Common Stock 411310105 6206 175800 SH SOLE None 175800 Harman International Industries Common Stock 413086109 2356 54100 SH SOLE None 54100 Harris Common Stock 413875105 7461 153750 SH SOLE None 153750 Hasbro Common Stock 418056107 10 357 SH SOLE None 357 Health Care Property Common Stock 42217K106 14 302 SH SOLE None 302 Health Care Property Investors Common Stock 421915109 13 381 SH SOLE None 381 Healthextras Common Stock 422211102 7 263 SH SOLE None 263 Healthways Common Stock 422245100 8 217 SH SOLE None 217 Henry Schein Common Stock 806407102 16 271 SH SOLE None 271 Hercules Offshore Common Stock 427093109 7 272 SH SOLE None 272 Hewlett-Packard Common Stock 428236103 10284 225230 SH SOLE None 225230 Hittite Microwave Common Stock 43365Y104 10 273 SH SOLE None 273 Home Depot Common Stock 437076102 14 510 SH SOLE None 510 Honeywell International Common Stock 438516106 4804 85150 SH SOLE None 85150 Hospira Common Stock 441060100 253 5926 SH SOLE None 5926 Hospitality Properties Trust Common Stock 44106M102 32 950 SH SOLE None 950 Hudson Highland Group Common Stock 443792106 3 400 SH SOLE None 400 Humana Common Stock 444859102 6969 155357 SH SOLE None 155357 Huntsman Corp. Common Stock 447011107 4 185 SH SOLE None 185 Hutchison Telecom Intl ADR ADR 44841T107 10 488 SH SOLE None 488 Hutchison Whampoa ADR ADR 448415208 4 77 SH SOLE None 77 IAC/InterActiveCorp Common Stock 44919P300 23 1122 SH SOLE None 1122 Iconix Brand Group Common Stock 451055107 10 575 SH SOLE None 575 IDACORP Common Stock 451107106 3537 110150 SH SOLE None 110150 Idearc INC Common Stock 451663108 0 109 SH SOLE None 109 IDEX Common Stock 45167R104 8 263 SH SOLE None 263 IDEXX Laboratories Common Stock 45168D104 6 116 SH SOLE None 116 IMS Health Common Stock 449934108 4583 218140 SH SOLE None 218140 Infineon Technologies AG ADR ADR 45662N103 35 5000 SH SOLE None 5000 Informatica Common Stock 45666Q102 7 410 SH SOLE None 410 ING Groep NV ADS ADR 456837103 209 5600 SH SOLE None 5600 Integrated Device Technology Common Stock 458118106 36 4030 SH SOLE None 4030 Intel Common Stock 458140100 8028 379040 SH SOLE None 379040 International Business Machines Common Stock 459200101 10858 94305 SH SOLE None 94305 Intevac Common Stock 461148108 3 195 SH SOLE None 195 Intuit Common Stock 461202103 8888 329074 SH SOLE None 329074 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 9 915 SH SOLE None 915 J.M. Smucker Common Stock 832696405 1771 35000 SH SOLE None 35000 J2 Global Communications Common Stock 4.66E+209 8 378 SH SOLE None 378 JAKKS Pacific Common Stock 4.70E+110 4 160 SH SOLE None 160 James Hardie Industries NV ADS ADR 47030M106 86 3000 SH SOLE None 3000 "John Wiley & Sons, Class A" Common Stock 968223206 4169 105000 SH SOLE None 105000 Johnson & Johnson Common Stock 478160104 9613 148182 SH SOLE None 148182 Johnson Controls Common Stock 478366107 2 45 SH SOLE None 45 JP Morgan Chase & Co Common Stock 46625H100 97 2264 SH SOLE None 2264 KB Home Common Stock 48666K109 143 5775 SH SOLE None 5775 Kellogg Common Stock 487836108 5721 108850 SH SOLE None 108850 KeyCorp Common Stock 493267108 61 2772 SH SOLE None 2772 Kimberly-Clark Common Stock 494368103 5930 91860 SH SOLE None 91860 Kinder Morgan Energy Partners Common Stock 494550106 115 2100 SH SOLE None 2100 Kindred Healthcare Common Stock 494580103 3 140 SH SOLE None 140 Knight Transportation Common Stock 499064103 28 1699 SH SOLE None 1699 Kohl's Common Stock 500255104 21 500 SH SOLE None 500 Korea Electric Power ADS ADR 500631106 153 10155 SH SOLE None 10155 L S I Logic Common Stock 502161102 4 763 SH SOLE None 763 LaCrosse Footwear Common Stock 505688101 79 5000 SH SOLE None 5000 LAN Airlines SA ADS ADR 501723100 5401 382500 SH SOLE None 382500 Lear Common Stock 521865105 3 120 SH SOLE None 120 Lifepoint Hospitals Inc Common Stock 53219L109 16 581 SH SOLE None 581 Ligand Pharmaceuticals Common Stock 53220K207 40 10000 SH SOLE None 10000 Lincoln Electric Holdings Common Stock 533900106 6520 101100 SH SOLE None 101100 LKQ Common Stock 501889208 18 780 SH SOLE None 780 Lowe's Companies Common Stock 548661107 5366 233928 SH SOLE None 233928 Manitowoc Common Stock 563571108 14304 350600 SH SOLE None 350600 Matria Healthcare Common Stock 576817209 47 2100 SH SOLE None 2100 Mattel Common Stock 577081102 7 330 SH SOLE None 330 Maxim Integrated Products Common Stock 57772K101 11 555 SH SOLE None 555 McClatchy Company Common Stock 579489105 4 340 SH SOLE None 340 McGraw-Hill Common Stock 580645109 12214 330556 SH SOLE None 330556 Medco Health Solutions Common Stock 58405U102 104 2370 SH SOLE None 2370 Mediaset Spa ADR 584469407 7 234 SH SOLE None 234 Merck & Co Common Stock 589331107 277 7303 SH SOLE None 7303 Merix Common Stock 590049102 4 2020 SH SOLE None 2020 Merrill Lynch Common Stock 590188108 18 440 SH SOLE None 440 Methanex Common Stock 591515101 2094 80000 SH SOLE None 80000 Metso ADS ADR 592671101 384 7100 SH SOLE None 7100 Microchip Technology Common Stock 595017104 2406 73500 SH SOLE None 73500 Micron Technology Common Stock 595112103 6 965 SH SOLE None 965 MICROS Systems Common Stock 594901100 11 332 SH SOLE None 332 Microsemi Common Stock 595137100 8 336 SH SOLE None 336 Microsoft Common Stock 594918104 105 3689 SH SOLE None 3689 Middleby Common Stock 596278101 11 174 SH SOLE None 174 Millicom Intl Cellular SA Common Stock 3870573 26 275 SH SOLE None 275 Mitsubishi UFJ Financial Group ADR ADR 606822104 87 10000 SH SOLE None 10000 Moody's Common Stock 615369105 153 4392 SH SOLE None 4392 "Moog, Cl A" Common Stock 615394202 11 250 SH SOLE None 250 Morningstar Common Stock 617700109 61 1000 SH SOLE None 1000 Motorola Common Stock 620076109 24 2606 SH SOLE None 2606 MS Structured Asset Preferred Stock 86360Y207 149 6000 SH SOLE None 6000 MWI Vterinary Supply Common Stock 55402X105 8 217 SH SOLE None 217 Mylan Laboratories Common Stock 628530107 2 180 SH SOLE None 180 National City Common Stock 635405103 27 2688 SH SOLE None 2688 National Fuel Gas Common Stock 636180101 4249 90000 SH SOLE None 90000 National Rural Utitlity Preferred Stock 637432709 24 1000 SH SOLE None 1000 Nestle's S.A. Common Stock 641069406 43 341 SH SOLE None 341 New Motion Common Stock 64754V105 2 463 SH SOLE None 463 "New York Times, Cl A" Common Stock 650111107 3 144 SH SOLE None 144 News Corporation Common Stock 6.52E+108 6 330 SH SOLE None 330 Nidec ADR ADR 654090109 77 5000 SH SOLE None 5000 "Nike, Class B" Common Stock 654106103 4488 66000 SH SOLE None 66000 Nintendo Common Stock 654445303 6 86 SH SOLE None 86 NiSource Common Stock 65473P105 700 40617 SH SOLE None 40617 Nissan Motor Ltd. ADS ADR 654744408 150 9000 SH SOLE None 9000 Noble Common Stock G65422100 7937 159800 SH SOLE None 159800 Noble Energy Common Stock 655044105 16 218 SH SOLE None 218 Nokia Corp ADS ADR 654902204 3 100 SH SOLE None 100 Nomura Holdings ADR ADR 65535h208 161 10700 SH SOLE None 10700 Nordstrom Common Stock 655664100 170 5200 SH SOLE None 5200 Norfolk Southern Common Stock 655844108 8420 155000 SH SOLE None 155000 Norsk Hydro ASA ADS ADR 656531605 117 8000 SH SOLE None 8000 Novartis AG ADR ADR 66987V109 6681 130417 SH SOLE None 130417 Novo Nordisk A/S ADS ADR 670100205 8613 124400 SH SOLE None 124400 Nucor Common Stock 670346105 4778 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 4 288 SH SOLE None 288 Oplink Communications Common Stock 68375Q403 2 255 SH SOLE None 255 Oracle Common Stock 68389X105 11550 590475 SH SOLE None 590475 Orbital Sciences Common Stock 685564106 10 425 SH SOLE None 425 "Orient-Express Hotels Ltd., Class A" Common Stock 683699102 259 6000 SH SOLE None 6000 Oshkosh Truck Common Stock 688239201 131 3600 SH SOLE None 3600 Pacific Financial Common Stock 694275108 46 3186 SH SOLE None 3186 Palomar Medical Tech Common Stock 697529303 4 261 SH SOLE None 261 PAREXEL International Common Stock 699462107 104 4000 SH SOLE None 4000 Parker Hannifin Common Stock 701094104 3886 56100 SH SOLE None 56100 Patterson - UTI Energy Common Stock 703481101 188 7200 SH SOLE None 7200 Patterson Companies Common Stock 703395103 13 350 SH SOLE None 350 PDF Solutions Common Stock 693282105 6 1100 SH SOLE None 1100 Peabody Energy Corp Common Stock 704549104 8 152 SH SOLE None 152 Pearson PLC ADS ADR 705015105 2858 210490 SH SOLE None 210490 Pentair Common Stock 709631105 11 341 SH SOLE None 341 PepsiCo Common Stock 713448108 12284 170138 SH SOLE None 170138 Performance Food Group Common Stock 713755106 174 5320 SH SOLE None 5320 Petro-Canada Common Stock 7.16E+106 1910 44000 SH SOLE None 44000 Petrohawk Energy Common Stock 716495106 15 755 SH SOLE None 755 Petroleo Brasileiro ADR ADR 71654V408 87 850 SH SOLE None 850 PetSmart Common Stock 716768106 4823 235960 SH SOLE None 235960 Pfizer Common Stock 717081103 6829 326296 SH SOLE None 326296 Pharmaceutical Product Development Common Stock 717124101 6333 151150 SH SOLE None 151150 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 1576 60000 SH SOLE None 60000 PIMCO Commercial Mortgage Secs Common Stock 693388100 10 1000 SH SOLE None 1000 Pioneer Natural Resource Common Stock 723787107 12 253 SH SOLE None 253 Pitney Bowes Common Stock 724479100 12 350 SH SOLE None 350 Plum Creek Timber Common Stock 729251108 2524 62507 SH SOLE None 62507 Polycom Common Stock 73172K104 37 1630 SH SOLE None 1630 Portugal Telecom SGPS ADS ADR 737273102 4 304 SH SOLE None 304 Potash Corp. of Saskatchewan Common Stock 73755L107 21978 141600 SH SOLE None 141600 Praxair Common Stock 74005P104 4736 56225 SH SOLE None 56225 Precision Drilling Common Stock 74022D100 69 2970 SH SOLE None 2970 Procter & Gamble Common Stock 742718109 5381 76791 SH SOLE None 76791 Progress Energy Inc Common Stock 743263105 12 284 SH SOLE None 284 Psychiatric Solutions Common Stock 74439H108 9 275 SH SOLE None 275 PT Indosat Tbk. ADR ADR 715680104 96 2500 SH SOLE None 2500 Public Storage International Common Stock 74460D109 186 2103 SH SOLE None 2103 QIAGEN N.V. Common Stock N72482107 7 336 SH SOLE None 336 Qiao Xing Universal Telephone Common Stock G7303A109 2 310 SH SOLE None 310 Qualcomm Common Stock 747525103 9224 224964 SH SOLE None 224964 Quanta Services Common Stock 7.48E+106 9 376 SH SOLE None 376 Quantum Common Stock 747906204 856 400000 SH SOLE None 400000 Quest Diagnostics Common Stock 74834L100 2 49 SH SOLE None 49 Questar Common Stock 748356102 2 40 SH SOLE None 40 Raymond James Financial Common Stock 754730109 164 7138 SH SOLE None 7138 RealNetworks Common Stock 75605L104 5 800 SH SOLE None 800 Realty Income Corp 8.25% Preferred Stock 756109203 184 7200 SH SOLE None 7200 Red Lion Hotels Common Stock 95750P106 180 21000 SH SOLE None 21000 Reed Elsevier NV ADS ADR 758204101 7 192 SH SOLE None 192 Regal-Beloit Common Stock 758750103 7295 199150 SH SOLE None 199150 Rentokil Initl PLC ADR 760125104 2 156 SH SOLE None 156 Repsol YPF ADS ADR 76026T205 526 15282 SH SOLE None 15282 Rio Tinto PLC ADS ADR 767204100 20840 50601 SH SOLE None 50601 Ritchie Bros. Auctioneers Common Stock 767744105 328 12000 SH SOLE None 12000 Rockwell Automation Common Stock 773903109 3445 60000 SH SOLE None 60000 Rockwell Collins Common Stock 774341101 23 400 SH SOLE None 400 Rogers Communications Cl B Common Stock 775109200 2164 60249 SH SOLE None 60249 Rohm & Haas Common Stock 775371107 9 165 SH SOLE None 165 Rowan Cos. Common Stock 779382100 13 319 SH SOLE None 319 Royal Dutch Shell Class B ADR 780259107 7 99 SH SOLE None 99 Royal Dutch Shell PLC ADR 780259206 69 1000 SH SOLE None 1000 RPM International Common Stock 749685103 1382 66000 SH SOLE None 66000 S & P Mid-Cap 400 SPDR's Common Stock S30821995 28 198 SH SOLE None 198 Safeco Common Stock 786429100 74 1678 SH SOLE None 1678 SanDisk Common Stock 80004C101 3047 135000 SH SOLE None 135000 Sanmina Common Stock 800907107 4 2430 SH SOLE None 2430 Sanofi-Aventis ADR ADR 80105N105 14 363 SH SOLE None 363 SAP AG ADS ADR 803054204 5 105 SH SOLE None 105 "Saturn Goodrich Corp, Series 2002" Preferred Stock 80410V206 39 1600 SH SOLE None 1600 Saturns Dpl Inc Bkd Ser 2002 3 Tr. Preferred Stock 80410A202 37 1500 SH SOLE None 1500 Saturns Hertz Corp Series 2003-8 Preferred Stock 804115202 20 1000 SH SOLE None 1000 Satyam Computer Services ADR ADR 804098101 136 6000 SH SOLE None 6000 Schlumberger Ltd Common Stock 806857108 205 2360 SH SOLE None 2360 Sciele Pharma Common Stock 808627103 6 332 SH SOLE None 332 Seagate Technology Common Stock G7945J104 4256 203250 SH SOLE None 203250 Sealed Air Common Stock 81211K100 2 80 SH SOLE None 80 Sempra Energy Common Stock 816851109 2405 45144 SH SOLE None 45144 Semtech Common Stock 816850101 19 1330 SH SOLE None 1330 Shire PLC ADR ADR 82481r106 116 2000 SH SOLE None 2000 Silver Standard Resources Common Stock 82823L106 8 274 SH SOLE None 274 Simon Property Group Common Stock 828806109 102 1100 SH SOLE None 1100 Singapore Telecom ADR NEW ADR 82929R304 53 1855 SH SOLE None 1855 Sinopec ADR ADR 16941R108 5 63 SH SOLE None 63 Sirona Dental Systems Common Stock 82966C103 4 131 SH SOLE None 131 SK Telecom Ltd. ADR ADR 78440P108 109 5060 SH SOLE None 5060 Sony ADS ADR 835699307 120 3000 SH SOLE None 3000 Southwest Airlines Common Stock 844741108 12 1000 SH SOLE None 1000 Southwestern Energy Common Stock 845467109 23 674 SH SOLE None 674 Spectra Energy Common Stock 847560109 1069 46980 SH SOLE None 46980 Stage Stores Common Stock 85254C305 56 3487 SH SOLE None 3487 Staples Common Stock 855030102 5694 257516 SH SOLE None 257516 Starbucks Common Stock 855244109 35 2000 SH SOLE None 2000 State Street Corp Common Stock 857477103 30 377 SH SOLE None 377 StatoilHydo ASA ADS ADR 85771P102 173 5776 SH SOLE None 5776 Stericycle Common Stock 858912108 25 488 SH SOLE None 488 Stora Enso Oyj ADS ADR 86210M106 6 501 SH SOLE None 501 streetTRACKS Gold Trust Common Stock 863307104 30 337 SH SOLE None 337 Suburban Propane Partners LP Common Stock 864482104 155 4000 SH SOLE None 4000 Suez-ADR ADR 864686100 9 131 SH SOLE None 131 SumTotal Systems Common Stock 866615107 226 54250 SH SOLE None 54250 Sun Microsystems Common Stock 866810104 971 62500 SH SOLE None 62500 SunPower Common Stock 867652109 67 900 SH SOLE None 900 Superior Well Services Common Stock 86837X105 9 416 SH SOLE None 416 Swire Pac LTD ADR 870794302 2 169 SH SOLE None 169 Syntel Common Stock 87162H103 3 130 SH SOLE None 130 T. Rowe Price Group Inc. Common Stock 74144T108 53 1050 SH SOLE None 1050 Taiwan Semiconductor ADS ADR 874039100 8536 831192 SH SOLE None 831192 Target Common Stock 8.76E+110 30 600 SH SOLE None 600 Tata Motors Limited ADS ADR 876568502 118 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 177 6150 SH SOLE None 6150 Telecom Corp. New Zealand Ltd. ADS ADR 879278208 116 7821 SH SOLE None 7821 Teleflex Common Stock 879369106 1431 30000 SH SOLE None 30000 Telefonica SA ADS ADR 879382208 4266 49314 SH SOLE None 49314 Telefonos de Mexico, Class L ADS ADR 879403780 593 15761 SH SOLE None 15761 Telekom Austria AG ADR ADR 87943Q109 6 148 SH SOLE None 148 Telenor ASA ADR ADR 87944W105 13 226 SH SOLE None 226 Telephone & Data Sys 6.625% Pfd Preferred Stock 879433852 41 2100 SH SOLE None 2100 Telephone & Data Systems Common Stock 879433100 2 54 SH SOLE None 54 Telephone & Data Systems Special Sh Common Stock 879433860 10 276 SH SOLE None 276 Telstra ADR ADR 87969N204 1993 100000 SH SOLE None 100000 Telus Common Stock 87971M103 226 5000 SH SOLE None 5000 Telus Common Stock 87971M202 3260 77900 SH SOLE None 77900 Tenaris SA ADR ADR 88031M109 2617 52500 SH SOLE None 52500 Tenet Healthcare Common Stock 88033G100 7 1170 SH SOLE None 1170 Textron Common Stock 883203101 12 216 SH SOLE None 216 Thomas Group Common Stock 884402108 1 435 SH SOLE None 435 Thomson ADS ADR 885118109 2 278 SH SOLE None 278 Thoratec Common Stock 885175307 48 3340 SH SOLE None 3340 THQ Inc. Common Stock 872443403 6 297 SH SOLE None 297 Tomkins PLC ADS ADR 890030208 1433 100750 SH SOLE None 100750 Toronto-Dominion Bank Common Stock 891160509 463 7542 SH SOLE None 7542 TOTAL SA ADS ADR 8.92E+113 245 3307 SH SOLE None 3307 Tower Group Common Stock 891777104 6 234 SH SOLE None 234 Toyota Motor ADS ADR 892331307 4156 41190 SH SOLE None 41190 Transocean Common Stock G90073100 11 78 SH SOLE None 78 Transportadora de Gas del Sur SA ADR 893870204 7 1500 SH SOLE None 1500 Travelcenters of America Common Stock 894174101 1 95 SH SOLE None 95 Travelers Cos Inc Common Stock 8.94E+113 5 114 SH SOLE None 114 Trimble Navigation Ltd. Common Stock 896239100 9643 337270 SH SOLE None 337270 Turkcell Iletisim Hizmetleri ADR ADR 900111105 104 4967 SH SOLE None 4967 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 118 5500 SH SOLE None 5500 Ultra Petroleum Common Stock 903914109 9 115 SH SOLE None 115 Ultralife Batteries Common Stock S18978999 118 10000 SH SOLE None 10000 Unilever N.V. Common Stock 904784501 190 5634 SH SOLE None 5634 Unilever PLC ADS ADR 904767704 3763 111600 SH SOLE None 111600 Unisys Common Stock 909214108 4 810 SH SOLE None 810 United Online Common Stock 911268100 3 300 SH SOLE None 300 "United Parcel Service, Class B" Common Stock 911312106 13397 183474 SH SOLE None 183474 United States Steel Common Stock 912909108 5709 45000 SH SOLE None 45000 United Technologies Common Stock 913017109 5267 76540 SH SOLE None 76540 UnitedHealth Group Common Stock 91324P102 176 5125 SH SOLE None 5125 UPM-Kymmene Oyj ADS ADR 915436109 62 3500 SH SOLE None 3500 US Bancorp Common Stock 902973304 46 1430 SH SOLE None 1430 USEC Common Stock 9.03E+112 23 8600 SH SOLE None 8600 USG Common Stock 903293405 4 102 SH SOLE None 102 Utstarcom Common Stock 918076100 1 285 SH SOLE None 285 Valero Energy Common Stock 91913Y100 3 62 SH SOLE None 62 Valspar Common Stock 920355104 794 40000 SH SOLE None 40000 Valueclick Common Stock 92046N102 9 550 SH SOLE None 550 Van Kampen Senior Income Trust Common Stock 920961109 26 4389 SH SOLE None 4389 VCA Antech Common Stock 918194101 5768 210900 SH SOLE None 210900 Verigy Ltd. Common Stock Y93691106 3411 181043 SH SOLE None 181043 Verizon Communications Common Stock 92343V104 11 295 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 4500 152495 SH SOLE None 152495 Votorantim Celulose e Papel SA ADS ADR 92906p106 228 8000 SH SOLE None 8000 Wachovia Corp Common Stock 929903102 54 2000 SH SOLE None 2000 Walgreen Common Stock 931422109 129 3389 SH SOLE None 3389 Washington Banking Common Stock 937303105 99 6250 SH SOLE None 6250 Washington Mutual Common Stock 939322103 136 13212 SH SOLE None 13212 "Washington Mutual, 7.75% cv pfd R" Convt Prefrd Stock 939322814 32 45 SH SOLE None 45 Waste Connections Common Stock 941053100 10 331 SH SOLE None 331 Watson Pharmaceuticals Common Stock 942683103 3 119 SH SOLE None 119 Weatherford International Common Stock 947074100 100 1374 SH SOLE None 1374 Wells Fargo & Co Common Stock 949746101 32 1116 SH SOLE None 1116 Western Digital Common Stock 958102105 6 220 SH SOLE None 220 Weyerhaeuser Common Stock 962166104 1846 28375 SH SOLE None 28375 Whirlpool Common Stock 963320106 6 72 SH SOLE None 72 Wolverine World Wide Common Stock 978097103 15 517 SH SOLE None 517 WOR Call: April 2008 17.50 "Option, equity" 9818119D6 0 10 CALL SOLE None 10 Worthington Industries Common Stock 981811102 30 1750 SH SOLE None 1750 Wright Express Corp Common Stock 98233Q105 10 322 SH SOLE None 322 Wyeth Common Stock 983024100 7024 168210 SH SOLE None 168210 Xcel Energy Inc Common Stock 98389B100 10 524 SH SOLE None 524 Xerox Common Stock 984121103 6 415 SH SOLE None 415 Yahoo! Common Stock 984332106 72 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 7109 91310 SH SOLE None 91310 ZON Multimedia Spon ADR 69366K207 0 42 SH SOLE None 42 TOTAL 860413
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