-----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, J88YIM5GNX44JvDRSV1kiP0H/N014pTgDc0AYAH8rzbk2btL/TgkZ/pZE7WSx7dQ SEXr7KF3YWmDOdyWwBLmOQ== 0001316617-07-000010.txt : 20071004 0001316617-07-000010.hdr.sgml : 20071004 20071004162025 ACCESSION NUMBER: 0001316617-07-000010 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070930 FILED AS OF DATE: 20071004 DATE AS OF CHANGE: 20071004 EFFECTIVENESS DATE: 20071004 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: 071157007 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 form13f20070928.txt Q3 HOLDINGS REPORT- SEPTEMBER 30, 2007 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F Form 13F Cover Page Report for the Quarter Ended: September 30, 2007 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 October 4, 2007 Report Type: 13F HOLDINGS REPORT FORM 13F SUMMARY PAGE Report Summary Number of other included managers: 0 Form 13F information table entry total: 363 Form 13F information table value total: $889,773 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 148 "30,300" SH SOLE None 30300 3M Common Stock 88579Y101 "4,820" "50,875" SH SOLE None 50875 51job ADR ADR 316827104 165 "8,000" SH SOLE None 8000 Abbott Laboratories Common Stock 2824100 "5,735" "103,870" SH SOLE None 103870 Accenture LTD-CL A Common Stock G1150G111 137 "3,400" SH SOLE None 3400 Activision Common Stock 4930202 155 "7,198" SH SOLE None 7198 Adobe Systems Common Stock 00724F101 "9,859" "224,070" SH SOLE None 224070 Advanced Micro Devices Common Stock 7903107 "4,763" "360,000" SH SOLE None 360000 Aegon NV Common Stock 7924103 100 "5,204" SH SOLE None 5204 Agilent Technologies Common Stock 00846U101 "8,013" "216,522" SH SOLE None 216522 Air France-KLM ADR ADR 9119108 156 "4,000" SH SOLE None 4000 Air Products & Chemicals Common Stock 9158106 "4,943" "50,000" SH SOLE None 50000 Akamai Technologies Common Stock 00971T101 146 "5,075" SH SOLE None 5075 Alabama Power Co Common Stock 10392496 145 "6,000" SH SOLE None 6000 Alabama Power Series JJ Preferred Stock 10392520 26 "1,000" SH SOLE None 1000 Alcoa Common Stock 13817101 "4,204" "107,385" SH SOLE None 107385 Amazon.com Common Stock 23135106 504 "5,400" SH SOLE None 5400 America Movil ADS Series L ADR 02364W105 "11,218" "170,800" SH SOLE None 170800 American Eagle Outfitters Common Stock 2.55E+109 "7,788" "301,150" SH SOLE None 301150 American Oriental Bioengineering Common Stock 28731107 172 "15,000" SH SOLE None 15000 Amgen Common Stock 31162100 "8,597" "152,394" SH SOLE None 152394 Analog Devices Common Stock 32654105 18 500 SH SOLE None 500 Anglo American PLC ADR ADR 03485P201 "12,652" "368,773" SH SOLE None 368773 Aon Corp Common Stock 37389103 112 "2,496" SH SOLE None 2496 Apache Common Stock 37411105 42 462 SH SOLE None 462 Apartment Investment & Management Common Stock 03748R101 50 "1,100" SH SOLE None 1100 Apartment Investment & Management Preferred Stock 03748r408 68 "2,700" SH SOLE None 2700 Apple Common Stock 37833100 "30,585" "195,630" SH SOLE None 195630 Applebee's International Common Stock 37899101 52 "2,100" SH SOLE None 2100 Applera Corp-Applied Biosystems Common Stock 38020103 28 800 SH SOLE None 800 Archstone - Smith Trust Common Stock 39583109 96 "1,602" SH SOLE None 1602 Arkema ADS ADR 41232109 1 17 SH SOLE None 17 ARM Holdings plc ADS ADR 42068106 29 "3,111" SH SOLE None 3111 Asia Pacific Fund Common Stock 44901106 25 757 SH SOLE None 757 AstraZeneca PLC ADS ADR 46353108 "2,893" "57,000" SH SOLE None 57000 AT&T Common Stock 00206R102 "5,387" "127,566" SH SOLE None 127566 Audiocodes Ltd Common Stock 1082965 46 "8,000" SH SOLE None 8000 Australia & New Zealand Banking ADR 52528304 477 "3,587" SH SOLE None 3587 Autodesk Common Stock 52769106 55 "1,100" SH SOLE None 1100 Autoliv Common Stock 52800109 "2,428" "40,153" SH SOLE None 40153 Avery Dennison Common Stock 53611109 "2,318" "40,000" SH SOLE None 40000 Avista Common Stock 05379B107 "3,132" "151,650" SH SOLE None 151650 AXA ADS ADR 54536107 235 "5,200" SH SOLE None 5200 Banco Bilbao Vizcaya Argentaria ADS ADR 05946K101 177 "7,500" SH SOLE None 7500 Bank of America Common Stock 60505104 37 744 SH SOLE None 744 Bank of New York Mellon Common Stock 64058100 133 "3,018" SH SOLE None 3018 Barr Pharmaceuticals Common Stock 68306109 "9,215" "160,989" SH SOLE None 160989 BASF AG ADS ADR 55262505 "3,742" "26,900" SH SOLE None 26900 BCE Common Stock 05534B760 "2,721" "67,619" SH SOLE None 67619 Bed Bath & Beyond Common Stock 75896100 "5,572" "160,119" SH SOLE None 160119 Best Buy Common Stock 86516101 "7,967" "169,732" SH SOLE None 169732 BHP Billiton Ltd ADS ADR 88606108 "5,917" "72,270" SH SOLE None 72270 Black & Decker Common Stock 91797100 "3,114" "37,350" SH SOLE None 37350 Boston Scientific Common Stock 101137107 7 530 SH SOLE None 530 BP plc ADS ADR 55622104 "10,949" "157,296" SH SOLE None 157296 Bristol-Myers Squibb Common Stock 110122108 460 "15,959" SH SOLE None 15959 Building Materials Holding Common Stock 120113105 "1,081" "93,900" SH SOLE None 93900 Burlington Northern Santa Fe Common Stock 12189T104 "4,839" "58,500" SH SOLE None 58500 Business Objects SA ADS ADR 12328X107 "9,861" "214,500" SH SOLE None 214500 Cadbury Schweppes plc ADR ADR 127209302 188 "4,000" SH SOLE None 4000 Canadian National Railways Common Stock 136375102 "3,997" "69,800" SH SOLE None 69800 Canadian Pacific Railway Ltd Common Stock 13645T100 "14,109" "196,750" SH SOLE None 196750 Canon ADS ADR 138006309 "9,268" "169,580" SH SOLE None 169580 Capital One Financial Common Stock 14040H105 7 100 SH SOLE None 100 Caribou Coffee Common Stock 142042209 67 "10,000" SH SOLE None 10000 Carmax Common Stock 143130102 34 "1,680" SH SOLE None 1680 Cascade Financial Common Stock 147357107 114 "7,462" SH SOLE None 7462 Catalina Marketing Common Stock 148867104 41 "1,253" SH SOLE None 1253 Caterpillar Common Stock 149123101 47 600 SH SOLE None 600 Ceridian Common Stock 156779100 23 664 SH SOLE None 664 Charles River Laboratories Common Stock 159864107 84 "1,495" SH SOLE None 1495 ChevronTexaco Common Stock 166764100 324 "3,459" SH SOLE None 3459 China Mobile (Hong Kong) Ltd ADR ADR 16941M109 "14,480" "170,450" SH SOLE None 170450 Chubb Common Stock 171232101 311 "5,750" SH SOLE None 5750 Chunghwa Telecom ADR ADR 17133Q205 "3,578" "190,825" SH SOLE None 190825 Cisco Systems Common Stock 17275R102 "8,728" "264,573" SH SOLE None 264573 Citigroup Common Stock 172967101 47 999 SH SOLE None 999 Clorox Common Stock 189054109 "7,649" "125,000" SH SOLE None 125000 Coach Common Stock 189754104 "8,035" "170,700" SH SOLE None 170700 Coca-Cola Co Common Stock 191216100 51 895 SH SOLE None 895 Coca-Cola Femsa ADS ADR 191241108 305 "6,926" SH SOLE None 6926 Colgate-Palmolive Common Stock 194162103 "3,721" "52,000" SH SOLE None 52000 Companhia Vale do Rio Doce ADR ADR 204412209 217 "6,000" SH SOLE None 6000 Comtech Communications Common Stock 205826209 53 "1,000" SH SOLE None 1000 ConocoPhillips Common Stock 20825C104 "4,192" "47,967" SH SOLE None 47967 Convergys Common Stock 212485106 "5,331" "300,700" SH SOLE None 300700 Copa Holdings SA Common Stock P31076105 199 "5,000" SH SOLE None 5000 Corning Common Stock 219350105 7 300 SH SOLE None 300 Corp Office Props Trust CLASS H Preferred Stock 22002T603 24 "1,000" SH SOLE None 1000 Costco Wholesale Common Stock 22160K105 25 400 SH SOLE None 400 Crane Common Stock 224399105 "8,203" "170,000" SH SOLE None 170000 Cree Research Common Stock 225447101 "5,420" "169,000" SH SOLE None 169000 CRH plc ADS ADR 12626K203 189 "4,600" SH SOLE None 4600 Danaher Common Stock 235851102 30 360 SH SOLE None 360 Dassault Systems SA ADR ADR 237545108 203 "3,000" SH SOLE None 3000 DENTSPLY International Common Stock 249030107 "9,506" "226,340" SH SOLE None 226340 Devon Energy Common Stock 25179M103 254 "3,000" SH SOLE None 3000 Diebold Common Stock 253651103 36 800 SH SOLE None 800 Donnelley (RR) & Sons Common Stock 257867101 213 "5,825" SH SOLE None 5825 Dow Chemical Common Stock 260543103 43 "1,000" SH SOLE None 1000 Duke Energy Common Stock 26441C105 "1,739" "91,361" SH SOLE None 91360.672 Duke Realty Common Stock 264411505 "3,377" "99,907" SH SOLE None 99907.222 Dun & Bradstreet Common Stock 2.65E+104 108 "1,098" SH SOLE None 1098 duPont (EI) deNemours Common Stock 263534109 8 165 SH SOLE None 165 E. ON AG AGS ADR 268780103 "5,493" "89,900" SH SOLE None 89900 Earthlink Common Stock 270321102 45 "5,575" SH SOLE None 5575 Edison International Common Stock 281020107 55 "1,000" SH SOLE None 1000 Electronic Data Systems Common Stock 285661104 2 100 SH SOLE None 100 Embraer Aircraft ADR ADR 29081M102 434 "9,547" SH SOLE None 9547 EMCOR Group Common Stock 29084Q100 "5,292" "168,000" SH SOLE None 168000 Emerson Electric Common Stock 291011104 "4,314" "80,000" SH SOLE None 80000 Emulex Common Stock 292475209 19 "1,000" SH SOLE None 1000 Enbridge Energy Partners LP Common Stock 29250R106 584 "11,960" SH SOLE None 11960 EnCana Common Stock 292505104 "15,417" "245,658" SH SOLE None 245658 Enel SpA ADS ADR 29265W108 120 "2,109" SH SOLE None 2109 Enersis SA ADS ADR 29274F104 165 "9,000" SH SOLE None 9000 "Entergy Arknsas Inc, Prf 6.70%" Preferred Stock 29364D811 98 "3,900" SH SOLE None 3900 Entergy MISS 1st MTG Preferred Stock 29364N876 24 "1,000" SH SOLE None 1000 Epcos AG ADS ADR 29410P107 147 "7,500" SH SOLE None 7500 Expedia Inc. - Cl A Common Stock 30212P105 36 "1,122" SH SOLE None 1122 "Express Scripts, Cl A" Common Stock 302182100 45 804 SH SOLE None 804 Exxon Mobil Common Stock 30231G102 "5,727" "60,963" SH SOLE None 60963 Fair Issac & Co Common Stock 303250104 65 "1,806" SH SOLE None 1806 Fannie Mae Common Stock 313586109 73 "1,200" SH SOLE None 1200 Fastenal Common Stock 311900104 "7,221" "157,620" SH SOLE None 157620 Fedex Common Stock 31428X106 42 400 SH SOLE None 400 Fiserv Common Stock 337738108 23 450 SH SOLE None 450 Flextronics International Common Stock 300999109 15 "1,350" SH SOLE None 1350 FLIR Systems Common Stock 302445101 239 "4,314" SH SOLE None 4314 Fording Canadian Coal Trust Common Stock 345425102 159 "4,160" SH SOLE None 4159.61 FPL Group Common Stock 302571104 "6,846" "109,990" SH SOLE None 109990 FPL Group Capital Trust I Preferred Stock 30257v207 72 "3,200" SH SOLE None 3200 Freddie Mac Common Stock 313400301 18 300 SH SOLE None 300 "Freeport-McMoran Copper Gold, Cl B" Common Stock 35671D857 "8,041" "72,326" SH SOLE None 72326 Frontier Financial Common Stock 35907K105 746 "30,658" SH SOLE None 30658 Furrs Restaurant Group Common Stock 361115603 0 2 SH SOLE None 2 Gabelli Dividend & Income Trust Common Stock 36242H104 22 "1,000" SH SOLE None 1000 Gartner Group Common Stock 366651107 "1,534" "60,700" SH SOLE None 60700 Genentech Common Stock 368710406 "8,456" "108,250" SH SOLE None 108250 General Electric Common Stock 369604103 831 "20,067" SH SOLE None 20067 General Mills Common Stock 370334104 "2,949" "50,650" SH SOLE None 50650 Gentex Common Stock 371901109 16 736 SH SOLE None 736 Genuine Parts Common Stock 372460105 "9,625" "190,000" SH SOLE None 190000 Genzyme Common Stock 372917104 "6,776" "105,520" SH SOLE None 105520 Georgia Power CO Cl A PFD 6.125% Preferred Stock 373334473 103 "4,000" SH SOLE None 4000 Getty Images Common Stock 374276103 7 236 SH SOLE None 236 GlaxoSmithKline plc ADR ADR 37733W105 "3,725" "69,300" SH SOLE None 69300 Global Payments Inc Common Stock 37940X102 32 728 SH SOLE None 728 Green Mountain Coffee Roasters Common Stock 393122106 40 "1,200" SH SOLE None 1200 Groupe Danone ADS ADR 399449107 "5,947" "380,000" SH SOLE None 380000 Hain Celestial Group Common Stock 405217100 164 "5,100" SH SOLE None 5100 Hansen Natural Common Stock 411310105 "10,082" "175,800" SH SOLE None 175800 Harman International Industries Common Stock 413086109 "4,662" "54,100" SH SOLE None 54100 Harris Common Stock 413875105 "9,179" "153,750" SH SOLE None 153750 Hewlett-Packard Common Stock 428236103 "11,515" "225,875" SH SOLE None 225875 Home Depot Common Stock 437076102 6 185 SH SOLE None 185 Honeywell International Common Stock 438516106 "5,153" "84,805" SH SOLE None 84805 Hospira Common Stock 441060100 246 "5,926" SH SOLE None 5926 Hospitality Properties Trust Common Stock 44106M102 39 950 SH SOLE None 950 Hudson Highland Group Common Stock 443792106 5 400 SH SOLE None 400 Humana Common Stock 444859102 "11,082" "155,607" SH SOLE None 155607 IAC/InterActiveCorp Common Stock 44919P300 33 "1,122" SH SOLE None 1122 IDACORP Common Stock 451107106 "3,692" "110,150" SH SOLE None 110150 IMS Health Common Stock 449934108 "6,869" "218,140" SH SOLE None 218140 Infineon Technologies AG ADR ADR 45662N103 86 "5,000" SH SOLE None 5000 ING Groep NV ADS ADR 456837103 253 "5,600" SH SOLE None 5600 Integrated Device Technology Common Stock 458118106 62 "4,030" SH SOLE None 4030 Intel Common Stock 458140100 "5,384" "204,170" SH SOLE None 204170 International Business Machines Common Stock 459200101 "11,148" "93,655" SH SOLE None 93655 Intuit Common Stock 461202103 "7,763" "249,224" SH SOLE None 249224 Iron Mountain Common Stock 462846106 28 907 SH SOLE None 907 ishares Russell 2000 Common Stock 464287655 38 476 SH SOLE None 476 James Hardie Inds NV ADS ADR 47030M106 99 "3,000" SH SOLE None 3000 Johnson & Johnson Common Stock 478160104 "7,228" "109,282" SH SOLE None 109282 JP Morgan Chase & Co Common Stock 46625H100 104 "2,264" SH SOLE None 2264 KB Home Common Stock 48666K109 150 "5,775" SH SOLE None 5775 Kellogg Common Stock 487836108 "3,583" "64,050" SH SOLE None 64050 KeyCorp Common Stock 493267108 90 "2,772" SH SOLE None 2772 Kimberly-Clark Common Stock 494368103 "4,461" "63,560" SH SOLE None 63560 Kinder Morgan Energy Partners Common Stock 494550106 104 "2,100" SH SOLE None 2100 Kindred Healthcare Common Stock 494580103 3 140 SH SOLE None 140 Knight Transportation Common Stock 499064103 21 "1,237" SH SOLE None 1237 Kohl's Common Stock 500255104 29 500 SH SOLE None 500 Korea Electric Power ADS ADR 500631106 235 "10,000" SH SOLE None 10000 LaCrosse Footwear Common Stock 505688101 89 "5,000" SH SOLE None 5000 LAN Airlines SA ADS ADR 501723100 "5,959" "371,500" SH SOLE None 371500 Lifepoint Hospitals Inc Common Stock 53219L109 17 581 SH SOLE None 581 Ligand Pharmaceuticals Common Stock 53220K207 55 "10,000" SH SOLE None 10000 Lilly (Eli) Common Stock 532457108 "6,100" "104,650" SH SOLE None 104650 Lincoln Electric Holdings Common Stock 533900106 "7,762" "100,500" SH SOLE None 100500 Lowe's Companies Common Stock 548661107 "5,279" "183,928" SH SOLE None 183928 Manitowoc Common Stock 563571108 "16,478" "350,600" SH SOLE None 350600 Matria Healthcare Common Stock 576817209 55 "2,100" SH SOLE None 2100 Maxim Integrated Products Common Stock 57772K101 16 555 SH SOLE None 555 McGraw-Hill Common Stock 580645109 "10,922" "210,006" SH SOLE None 210006 Medco Health Solutions Common Stock 58405U102 107 "1,185" SH SOLE None 1185 Merck & Co Common Stock 589331107 368 "7,121" SH SOLE None 7121 Merix Common Stock 590049102 11 "2,020" SH SOLE None 2020 Merrill Lynch Common Stock 590188108 31 440 SH SOLE None 440 Methanex Common Stock 591515101 "2,179" "80,000" SH SOLE None 80000 Metso ADS ADR 592671101 493 "7,100" SH SOLE None 7100 Microchip Technology Common Stock 595017104 "2,811" "76,150" SH SOLE None 76150 Microsoft Common Stock 594918104 169 "5,680" SH SOLE None 5680 Mitsubishi OFJ Financial Group ADR ADR 606822104 93 "10,000" SH SOLE None 10000 Moody's Common Stock 615369105 221 "4,392" SH SOLE None 4392 Morningstar Common Stock 617700109 61 "1,000" SH SOLE None 1000 Motorola Common Stock 620076109 "2,482" "132,186" SH SOLE None 132186 MS Structured Asset Preferred Stock 86360Y207 153 "6,000" SH SOLE None 6000 National City Common Stock 635405103 67 "2,688" SH SOLE None 2688 National Fuel Gas Common Stock 636180101 "4,264" "90,000" SH SOLE None 90000 National Rural Utitlity Preferred Stock 637432709 24 "1,000" SH SOLE None 1000 Neenah Paper Common Stock 640079109 1 18 SH SOLE None 18 Nestle's S.A. Common Stock 641069406 28 250 SH SOLE None 250 "New York Times, Cl A" Common Stock 650111107 3 144 SH SOLE None 144 Nidec ADR ADR 654090109 86 "5,000" SH SOLE None 5000 "Nike, Cl B" Common Stock 654106103 "3,896" "65,600" SH SOLE None 65600 NiSource Common Stock 65473P105 801 "41,000" SH SOLE None 41000 Nissan Motor ADS ADR 654744408 182 "9,000" SH SOLE None 9000 Noble Common Stock G65422100 "7,915" "159,800" SH SOLE None 159800 Nomura Holdings ADR ADR 65535h208 180 "10,700" SH SOLE None 10700 Nordstrom Common Stock 655664100 244 "5,200" SH SOLE None 5200 Norfolk Southern Common Stock 655844108 "8,088" "155,000" SH SOLE None 155000 Norsk Hydro ADS ADR 656531605 295 "6,700" SH SOLE None 6700 Novartis AG ADR ADR 66987V109 "7,339" "133,025" SH SOLE None 133025 Novo-Nordisk A/S ADS ADR 670100205 "7,702" "62,200" SH SOLE None 62200 Nucor Common Stock 670346105 "3,365" "57,450" SH SOLE None 57450 Oakley Common Stock 673662102 "3,586" "123,400" SH SOLE None 123400 Old Dominion Freight Line Common Stock 679580100 5 200 SH SOLE None 200 Omincom Group Common Stock 681919106 5 100 SH SOLE None 100 Oracle Common Stock 68389X105 "7,494" "341,087" SH SOLE None 341087 "Orient-Express Hotels, Cl A" Common Stock 683699102 181 "3,500" SH SOLE None 3500 Oshkosh Truck Common Stock 688239201 223 "3,600" SH SOLE None 3600 Pacific Financial Common Stock 694275108 49 "3,186" SH SOLE None 3186 Parker-Hannifin Common Stock 701094104 "4,272" "37,400" SH SOLE None 37400 Patterson - UTI Energy Common Stock 703481101 163 "7,200" SH SOLE None 7200 Patterson Companies Common Stock 703395103 14 350 SH SOLE None 350 PDF Solutions Common Stock 693282105 11 "1,100" SH SOLE None 1100 Pearson plc ADS ADR 705015105 "2,675" "174,490" SH SOLE None 174490 PepsiCo Common Stock 713448108 "9,237" "124,807" SH SOLE None 124807 Performance Food Group Common Stock 713755106 161 "5,320" SH SOLE None 5320 Petro-Canada Common Stock 7.16E+106 "2,511" "44,000" SH SOLE None 44000 PETsMART Common Stock 716768106 "7,747" "239,460" SH SOLE None 239460 Pfizer Common Stock 717081103 "5,773" "232,319" SH SOLE None 232319 Pharmaceutical Product Development Common Stock 717124101 "5,343" "151,150" SH SOLE None 151150 Pharmerica Corp Common Stock 71714F104 1 51 SH SOLE None 51 Piedmont Natural Gas Common Stock 720186105 "1,544" "60,000" SH SOLE None 60000 PIMCO Commercial Mortgage Secs Common Stock 693388100 11 "1,000" SH SOLE None 1000 Pitney Bowes Common Stock 724479100 16 350 SH SOLE None 350 Plum Creek Timber Common Stock 729251108 "2,809" "62,507" SH SOLE None 62507 Polycom Common Stock 73172K104 44 "1,630" SH SOLE None 1630 Potash Corp of Saskatchewan Common Stock 73755L107 "15,570" "141,600" SH SOLE None 141600 Praxair Common Stock 74005P104 "4,727" "56,225" SH SOLE None 56225 Precision Drilling Common Stock 74022D100 57 "2,970" SH SOLE None 2970 Procter & Gamble Common Stock 742718109 "5,428" "76,541" SH SOLE None 76541 PT Indosat ADR ADR 715680104 122 "2,500" SH SOLE None 2500 Public Storage International Common Stock 74460D109 165 "2,103" SH SOLE None 2103.278 Qualcomm Common Stock 747525103 "6,941" "164,914" SH SOLE None 164914 Quantum Common Stock 747906204 "1,416" "400,000" SH SOLE None 400000 Raymond James Financial Common Stock 754730109 234 "7,138" SH SOLE None 7138 RealNetworks Common Stock 75605L104 5 800 SH SOLE None 800 Realty Income Corp 8.25% Preferred Stock 756109203 195 "7,600" SH SOLE None 7600 Red Lion Hotels Common Stock 95750P106 225 "21,000" SH SOLE None 21000 Regal-Beloit Common Stock 758750103 "9,734" "199,150" SH SOLE None 199150 Repsol YPF SA ADS ADR 76026T205 540 "15,138" SH SOLE None 15138 Rio Tinto plc ADS ADR 767204100 "17,218" "48,094" SH SOLE None 48094 Ritchie Bros. Auctioneers Common Stock 767744105 200 "3,000" SH SOLE None 3000 Rockwell Automation Common Stock 773903109 "3,763" "53,000" SH SOLE None 53000 Rockwell Collins Common Stock 774341101 30 400 SH SOLE None 400 Rohm & Haas Common Stock 775371107 9 165 SH SOLE None 165 Royal Dutch Shell PLC ADR 780259206 82 "1,000" SH SOLE None 1000 RPM Common Stock 749685103 "1,607" "66,000" SH SOLE None 66000 Ruby Tuesday Common Stock 781182100 9 500 SH SOLE None 500 S & P Mid-Cap 400 SPDR's Common Stock S30821995 32 198 SH SOLE None 198 Safeco Common Stock 786429100 103 "1,678" SH SOLE None 1678 SanDisk Common Stock 80004C101 "7,436" "135,000" SH SOLE None 135000 Sanofi-Aventis ADR ADR 80105N105 5 125 SH SOLE None 125 Santa Fe Energy Trust Common Stock 802013102 22 900 SH SOLE None 900 "Saturn Goodrich Corp, Series 2002" Preferred Stock 80410V206 43 "1,700" SH SOLE None 1700 Saturns Dpl Inc Bkd Ser 2002 3 Tr. Preferred Stock 80410A202 37 "1,500" SH SOLE None 1500 Saturns Hertz Corp Series 2003-8 Preferred Stock 804115202 24 "1,000" SH SOLE None 1000 Satyam Computer Services ADS ADR 804098101 159 "6,000" SH SOLE None 6000 Schlumberger Ltd Common Stock 806857108 248 "2,360" SH SOLE None 2360 Schwab (Charles) Common Stock 808513105 560 "25,000" SH SOLE None 25000 Seagate Technology Common Stock G7945J104 "2,763" "103,750" SH SOLE None 103750 Sempra Energy Common Stock 816851109 "2,120" "35,950" SH SOLE None 35950 Semtech Common Stock 816850101 27 "1,330" SH SOLE None 1330 Shire PLC ADR ADR 82481r106 148 "2,000" SH SOLE None 2000 Simon Property Group Common Stock 828806109 110 "1,100" SH SOLE None 1100 Singapore Telecom ADR NEW ADR 82929R304 43 "1,600" SH SOLE None 1600 Sinopec ADR ADR 16941R108 8 63 SH SOLE None 63 SK Telecom ADR ADR 78440P108 150 "5,000" SH SOLE None 5000 Smucker (J.M.) Common Stock 832696405 "1,881" "35,000" SH SOLE None 35000 Sony ADS ADR 835699307 148 "3,000" SH SOLE None 3000 Southwest Airlines Common Stock 844741108 15 "1,000" SH SOLE None 1000 Spectra Energy Common Stock 847560109 "1,090" "43,480" SH SOLE None 43480 Stage Stores Common Stock 85254C305 64 "3,487" SH SOLE None 3487 Staples Common Stock 855030102 "5,637" "257,516" SH SOLE None 257516 Starbucks Common Stock 855244109 52 "2,000" SH SOLE None 2000 State Street Corp Common Stock 857477103 26 377 SH SOLE None 377 Stericycle Common Stock 858912108 15 260 SH SOLE None 260 Suburban Propane Partners LP Common Stock 864482104 222 "5,000" SH SOLE None 5000 SumTotal Systems Common Stock 866615107 318 "54,250" SH SOLE None 54250 SunPower Common Stock 867652109 166 "2,000" SH SOLE None 2000 T. Rowe Price Group Inc. Common Stock 74144T108 58 "1,050" SH SOLE None 1050 Taiwan Semiconductor ADS ADR 874039100 "8,654" "829,767" SH SOLE None 829767 Target Common Stock 8.76E+110 38 600 SH SOLE None 600 TCW Convertible Securities Fund Common Stock 872340104 8 "1,875" SH SOLE None 1875 Teekay LNG Partners LP Common Stock Y8564M105 228 "6,750" SH SOLE None 6750 Telecom Corp New Zealand ADS ADR 879278208 126 "7,255" SH SOLE None 7255 Teleflex Common Stock 879369106 "2,346" "30,000" SH SOLE None 30000 Telefonica SA ADS ADR 879382208 "3,500" "41,892" SH SOLE None 41892 "Telefonos de Mexico, Cl L ADS" ADR 879403780 525 "15,400" SH SOLE None 15400 Telephone & Data Sys 6.625% Pfd Preferred Stock 879433852 67 "3,200" SH SOLE None 3200 Telstra ADR ADR 87969N204 "1,548" "80,000" SH SOLE None 80000 Telus Common Stock 87971M103 289 "5,000" SH SOLE None 5000 Telus Common Stock 87971M202 "4,359" "76,900" SH SOLE None 76900 Tenaris SA ADR ADR 88031M109 "2,874" "52,500" SH SOLE None 52500 Thoratec Common Stock 885175307 70 "3,340" SH SOLE None 3340 Tomkins plc ADS ADR 890030208 "1,880" "100,750" SH SOLE None 100750 Toronto-Dominion Bank Common Stock 891160509 565 "7,342" SH SOLE None 7342 TOTAL SA ADS ADR 8.92E+113 259 "3,200" SH SOLE None 3200 Toyota Motor ADS ADR 892331307 "4,891" "41,190" SH SOLE None 41190 Transocean Sedco Forex Common Stock G90078109 13 112 SH SOLE None 112 Transport de Gas del Sur S.A. ADS ADR 893870204 11 "1,500" SH SOLE None 1500 Travelcenters of America Common Stock 894174101 3 95 SH SOLE None 95 Travelers Cos Inc Common Stock 8.94E+113 6 114 SH SOLE None 114 Trimble Navigation Common Stock 896239100 "11,482" "287,270" SH SOLE None 287270 Turkcell Iletisim Hizmetleri ADR ADR 900111105 181 "8,500" SH SOLE None 8500 UAL Corp Common Stock 902549807 263 "5,500" SH SOLE None 5500 Ultralife Batteries Common Stock S18978999 128 "10,000" SH SOLE None 10000 Unilever N.V. Common Stock 904784501 167 "5,400" SH SOLE None 5400 Unilever PLC ADS ADR 904767704 "3,570" "111,000" SH SOLE None 111000 "United Parcel Service, Cl B" Common Stock 911312106 "10,504" "138,390" SH SOLE None 138390 United States Steel Common Stock 912909108 "4,828" "45,000" SH SOLE None 45000 United Technologies Common Stock 913017109 "4,624" "56,340" SH SOLE None 56340 UnitedHealth Group Common Stock 91324P102 123 "2,550" SH SOLE None 2550 UPM-Kymmene Oyj ADS ADR 915436109 85 "3,500" SH SOLE None 3500 US Bancorp Common Stock 902973304 47 "1,430" SH SOLE None 1430 USEC Common Stock 9.03E+112 92 "9,100" SH SOLE None 9100 Valspar Common Stock 920355104 "1,084" "40,000" SH SOLE None 40000 Valueclick Common Stock 92046N102 12 550 SH SOLE None 550 Van Kampen Senior Income Trust Common Stock 920961109 35 "4,389" SH SOLE None 4389 VCA Antech Common Stock 918194101 "8,868" "211,700" SH SOLE None 211700 Verigy Ltd Common Stock Y93691106 "4,501" "181,043" SH SOLE None 181043 Verizon New England Tel. Convertible Bond 92344RAB8 122 "129,000" PRN SOLE None 129000 Vertical Communications Common Stock 924914104 8 "10,000" SH SOLE None 10000 Vodafone GRP ADS ADR 92857W209 "4,498" "122,251" SH SOLE None 122251 Votorantim Celulose ADS ADR 92906p106 237 "8,000" SH SOLE None 8000 Wachovia Corp Common Stock 929903102 100 "2,000" SH SOLE None 2000 Walgreen Common Stock 931422109 157 "3,319" SH SOLE None 3319 Washington Banking Company Common Stock 937303105 127 "6,250" SH SOLE None 6250 Washington Group Intl Common Stock 938862208 "9,136" "100,400" SH SOLE None 100400 Washington Mutual Common Stock 939322103 536 "15,012" SH SOLE None 15012 Weatherford International Common Stock 947074100 83 "1,240" SH SOLE None 1240 Wells Fargo & Co Common Stock 949746101 40 "1,116" SH SOLE None 1116 Weyerhaeuser Common Stock 962166104 "2,109" "28,375" SH SOLE None 28375 "Wiley (John) & Sons, Cl A" Common Stock 968223206 "4,709" "105,000" SH SOLE None 105000 Worthington Industries Common Stock 981811102 67 "2,750" SH SOLE None 2750 Wyeth Common Stock 983024100 "6,957" "153,140" SH SOLE None 153140 Yahoo! Common Stock 984332106 151 "5,625" SH SOLE None 5625 YRC Worldwide Common Stock 984249102 2 60 SH SOLE None 60 "Zebra Technologies, Cl A" Common Stock 989207105 30 817 SH SOLE None 817 Zimmer Holdings Common Stock 98956P102 "7,441" "91,310" SH SOLE None 91310 TOTAL "889,773"
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