-----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, Ez9WpRAHUFAwl60m448MlNvEH50agUUIoVxBH0KoP8uoeaC5MsvvUE8OnHaJ0zHV 64ah1OhIkWeEWa1Gu5bVlw== 0001316617-07-000007.txt : 20070718 0001316617-07-000007.hdr.sgml : 20070718 20070718135451 ACCESSION NUMBER: 0001316617-07-000007 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070630 FILED AS OF DATE: 20070718 DATE AS OF CHANGE: 20070718 EFFECTIVENESS DATE: 20070718 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: 07986177 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 form13f20070629.txt Q2 HOLDINGS REPORT- JUNE 30, 2007 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F Form 13F Cover Page Report for the Quarter Ended: June 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 July 18, 2007 Report Type: 13F HOLDINGS REPORT FORM 13F SUMMARY PAGE Report Summary Number of other included managers: 0 Form 13F information table entry total: 365 Form 13F information table value total: $818,449 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 129 "30,300" SH SOLE None "30,300" 3M Common Stock 88579Y101 "4,417" "50,875" SH SOLE None "50,875" 51job ADR ADR 316827104 158 "8,000" SH SOLE None "8,000" Abbott Laboratories Common Stock 2824100 "4,813" "89,870" SH SOLE None "89,870" Accenture LTD-CL A Common Stock G1150G111 146 "3,400" SH SOLE None "3,400" Activision Common Stock 4930202 134 "7,198" SH SOLE None "7,198" Adobe Systems Common Stock 00724F101 "8,892" "221,270" SH SOLE None "221,270" Advanced Micro Devices Common Stock 7903107 "5,162" "360,000" SH SOLE None "360,000" Aegon NV Common Stock 7924103 100 "5,096" SH SOLE None "5,096" Agilent Technologies Common Stock 00846U101 "8,334" "216,522" SH SOLE None "216,522" Air France-KLM ADR ADR 9119108 187 "4,000" SH SOLE None "4,000" Air Products & Chemicals Common Stock 9158106 "4,019" "50,000" SH SOLE None "50,000" Akamai Technologies Common Stock 00971T101 111 "2,275" SH SOLE None "2,275" Alabama Power Co Common Stock 10392496 140 "6,000" SH SOLE None "6,000" Alabama Power Series JJ Preferred Stock 10392520 26 "1,000" SH SOLE None "1,000" Alcoa Common Stock 13817101 "4,396" "107,385" SH SOLE None "107,385" Amazon.com Common Stock 23135106 396 "5,400" SH SOLE None "5,400" America Movil ADS Series L ADR 02364W105 "10,553" "169,400" SH SOLE None "169,400" American Eagle Outfitters Common Stock 2.55E+109 "7,728" "301,150" SH SOLE None "301,150" American Oriental Bioengineering Common Stock 28731107 132 "15,000" SH SOLE None "15,000" Amgen Common Stock 31162100 "8,434" "152,494" SH SOLE None "152,494" Analog Devices Common Stock 32654105 19 500 SH SOLE None 500 Anglo-American plc ADR ADR 03485P102 "10,887" "370,300" SH SOLE None "370,300" Aon Corp Common Stock 37389103 106 "2,496" SH SOLE None "2,496" Apache Common Stock 37411105 38 462 SH SOLE None 462 Apartment Investment & Management Common Stock 03748R101 55 "1,100" SH SOLE None "1,100" Apartment Investment & Management Preferred Stock 03748r408 69 "2,700" SH SOLE None "2,700" Apple Common Stock 37833100 "23,997" "195,530" SH SOLE None "195,530" Applebee's International Common Stock 37899101 51 "2,100" SH SOLE None "2,100" Applera Corp-Applied Biosystems Common Stock 38020103 24 800 SH SOLE None 800 Archstone - Smith Trust Common Stock 39583109 95 "1,602" SH SOLE None "1,602" Arkema ADS ADR 41232109 1 17 SH SOLE None 17 ARM Holdings plc ADS ADR 42068106 27 "3,111" SH SOLE None "3,111" Asia Pacific Fund Common Stock 44901106 19 757 SH SOLE None 757 AstraZeneca PLC ADS ADR 46353108 "3,048" "57,000" SH SOLE None "57,000" AT&T Common Stock 00206R102 "5,272" "127,066" SH SOLE None "127,066" Audiocodes Ltd Common Stock 1082965 48 "8,000" SH SOLE None "8,000" Australia & New Zealand Banking ADS ADR 52528304 423 "3,387" SH SOLE None "3,387" Autodesk Common Stock 52769106 52 "1,100" SH SOLE None "1,100" Autoliv Common Stock 52800109 "2,284" "40,153" SH SOLE None "40,153" Avery Dennison Common Stock 53611109 "2,659" "40,000" SH SOLE None "40,000" Avista Common Stock 05379B107 "3,268" "151,650" SH SOLE None "151,650" AXA ADS ADR 54536107 231 "5,200" SH SOLE None "5,200" Banco Bilbao Vizcaya Argentaria ADS ADR 05946K101 189 "7,500" SH SOLE None "7,500" Bank of America Common Stock 60505104 36 744 SH SOLE None 744 Bank of New York Common Stock 64057102 133 "3,200" SH SOLE None "3,200" Barr Pharmaceuticals Common Stock 68306109 "6,846" "136,114" SH SOLE None "136,114" BASF AG ADS ADR 55262505 "3,527" "26,900" SH SOLE None "26,900" BCE Common Stock 05534B760 "2,563" "67,619" SH SOLE None "67,619" Bed Bath & Beyond Common Stock 75896100 "5,768" "160,269" SH SOLE None "160,269" Best Buy Common Stock 86516101 "7,923" "169,732" SH SOLE None "169,732" BHP Billiton Ltd ADS ADR 88606108 "4,323" "72,270" SH SOLE None "72,270" Black & Decker Common Stock 91797100 "3,301" "37,350" SH SOLE None "37,350" Boston Scientific Common Stock 101137107 8 530 SH SOLE None 530 BP plc ADS ADR 55622104 "11,347" "157,296" SH SOLE None "157,296" Bristol-Myers Squibb Common Stock 110122108 393 "12,459" SH SOLE None "12,459" Build-A-Bear-Workshop Common Stock 120076104 179 "7,000" SH SOLE None "7,000" Building Materials Holding Common Stock 120113105 "1,334" "94,000" SH SOLE None "94,000" Burlington Northern Santa Fe Common Stock 12189T104 "3,725" "43,750" SH SOLE None "43,750" Business Objects SA ADS ADR 12328X107 "8,350" "214,500" SH SOLE None "214,500" Cadbury Schweppes plc ADR ADR 127209302 213 "4,000" SH SOLE None "4,000" Canadian National Railways Common Stock 136375102 "3,544" "69,550" SH SOLE None "69,550" Canadian Pacific Railway Ltd Common Stock 13645T100 "10,808" "156,750" SH SOLE None "156,750" Canon ADS ADR 138006309 "9,944" "169,580" SH SOLE None "169,580" Capital One Financial Common Stock 14040H105 8 100 SH SOLE None 100 Caribou Coffee Common Stock 142042209 70 "10,000" SH SOLE None "10,000" Carmax Common Stock 143130102 43 "1,680" SH SOLE None "1,680" Cascade Financial Common Stock 147357107 118 "7,462" SH SOLE None "7,462" Cascade Natural Gas Common Stock 147339105 4 163 SH SOLE None 163 Catalina Marketing Common Stock 148867104 39 "1,253" SH SOLE None "1,253" 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 77 "1,495" SH SOLE None "1,495" ChevronTexaco Common Stock 166764100 291 "3,459" SH SOLE None "3,459" China Mobile (Hong Kong) Ltd ADR ADR 16941M109 "9,199" "170,200" SH SOLE None "170,200" Chubb Common Stock 171232101 306 "5,750" SH SOLE None "5,750" Chunghwa Telecom ADR ADR 17133Q205 "3,258" "172,750" SH SOLE None "172,750" Cisco Systems Common Stock 17275R102 "7,370" "264,623" SH SOLE None "264,623" Citigroup Common Stock 172967101 51 999 SH SOLE None 999 Clorox Common Stock 189054109 "7,763" "125,000" SH SOLE None "125,000" Coach Common Stock 189754104 "8,099" "170,900" SH SOLE None "170,900" Coca-Cola Co Common Stock 191216100 47 895 SH SOLE None 895 Coca-Cola Femsa ADS ADR 191241108 320 "6,926" SH SOLE None "6,926" Colgate-Palmolive Common Stock 194162103 "3,372" "52,000" SH SOLE None "52,000" Comtech Communications Common Stock 205826209 46 "1,000" SH SOLE None "1,000" ConocoPhillips Common Stock 20825C104 "3,750" "47,717" SH SOLE None "47,717" Convergys Common Stock 212485106 "7,289" "300,700" SH SOLE None "300,700" Copa Holdings SA Common Stock P31076105 310 "5,000" SH SOLE None "5,000" Corning Common Stock 219350105 8 300 SH SOLE None 300 Corp Office Props Trust CLASS H Preferred Stock 22002T603 25 "1,000" SH SOLE None "1,000" Costco Wholesale Common Stock 22160K105 23 400 SH SOLE None 400 Crane Common Stock 224399105 "7,727" "170,000" SH SOLE None "170,000" Cree Research Common Stock 225447101 "3,593" "139,000" SH SOLE None "139,000" CRH plc ADS ADR 12626K203 236 "4,600" SH SOLE None "4,600" Danaher Common Stock 235851102 27 360 SH SOLE None 360 Dassault Systems SA ADR ADR 237545108 191 "3,000" SH SOLE None "3,000" DENTSPLY International Common Stock 249030107 "6,747" "176,340" SH SOLE None "176,340" Devon Energy Common Stock 25179M103 237 "3,000" SH SOLE None "3,000" Diebold Common Stock 253651103 42 800 SH SOLE None 800 Donnelley (RR) & Sons Common Stock 257867101 253 "5,825" SH SOLE None "5,825" Dow Chemical Common Stock 260543103 44 "1,000" SH SOLE None "1,000" Duke Energy Common Stock 26441C105 "1,669" "91,361" SH SOLE None "91,361" Duke Realty Common Stock 264411505 "3,571" "100,107" SH SOLE None "100,107" Dun & Bradstreet Common Stock 2.65E+104 113 "1,098" SH SOLE None "1,098" duPont (EI) deNemours Common Stock 263534109 8 165 SH SOLE None 165 E. ON AG AGS ADR 268780103 "5,002" "89,900" SH SOLE None "89,900" Earthlink Common Stock 270321102 45 "6,075" SH SOLE None "6,075" Edison International Common Stock 281020107 56 "1,000" SH SOLE None "1,000" Electronic Data Systems Common Stock 285661104 3 100 SH SOLE None 100 Embraer Aircraft ADR ADR 29081M102 459 "9,547" SH SOLE None "9,547" EMCOR Group Common Stock 29084Q100 "6,124" "168,000" SH SOLE None "168,000" Emerson Electric Common Stock 291011104 "3,744" "80,000" SH SOLE None "80,000" Emulex Common Stock 292475209 22 "1,000" SH SOLE None "1,000" Enbridge Energy Partners LP Common Stock 29250R106 664 "11,960" SH SOLE None "11,960" EnCana Common Stock 292505104 "15,106" "245,758" SH SOLE None "245,758" Enel SpA ADS ADR 29265W108 115 "2,109" SH SOLE None "2,109" Enersis SA ADS ADR 29274F104 173 "9,000" SH SOLE None "9,000" "Entergy Arknsas Inc, Prf 6.70%" Preferred Stock 29364D811 97 "3,900" SH SOLE None "3,900" Entergy MISS 1st MTG Preferred Stock 29364N876 24 "1,000" SH SOLE None "1,000" Epcos AG ADS ADR 29410P107 153 "7,500" SH SOLE None "7,500" Expedia Inc. - Cl A Common Stock 30212P105 33 "1,122" SH SOLE None "1,122" "Express Scripts, Cl A" Common Stock 302182100 40 804 SH SOLE None 804 Exxon Mobil Common Stock 30231G102 "5,114" "60,963" SH SOLE None "60,963" Fair Issac & Co Common Stock 303250104 72 "1,806" SH SOLE None "1,806" Fannie Mae Common Stock 313586109 78 "1,200" SH SOLE None "1,200" Fastenal Common Stock 311900104 "6,598" "157,620" SH SOLE None "157,620" Fedex Common Stock 31428X106 46 400 SH SOLE None 400 Fiserv Common Stock 337738108 26 450 SH SOLE None 450 Flextronics International Common Stock 300999109 15 "1,350" SH SOLE None "1,350" FLIR Systems Common Stock 302445101 208 "4,500" SH SOLE None "4,500" Fording Canadian Coal Trust Common Stock 345425102 136 "4,160" SH SOLE None "4,160" FPL Group Common Stock 302571104 "6,079" "107,040" SH SOLE None "107,040" FPL Group Capital Trust I Preferred Stock 30257v207 72 "3,200" SH SOLE None "3,200" Freddie Mac Common Stock 313400301 18 300 SH SOLE None 300 "Freeport-McMoran Copper Gold, Cl B" Common Stock 35671D857 "6,025" "72,326" SH SOLE None "72,326" Frontier Financial Common Stock 35907K105 671 "30,658" SH SOLE None "30,658" 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 "1,000" Gartner Group Common Stock 366651107 "1,493" "60,700" SH SOLE None "60,700" Genentech Common Stock 368710406 "8,194" "108,300" SH SOLE None "108,300" General Electric Common Stock 369604103 768 "20,067" SH SOLE None "20,067" General Mills Common Stock 370334104 "2,947" "50,450" SH SOLE None "50,450" Gentex Common Stock 371901109 14 736 SH SOLE None 736 Genuine Parts Common Stock 372460105 "9,424" "190,000" SH SOLE None "190,000" Genzyme Common Stock 372917104 "6,795" "105,520" SH SOLE None "105,520" Georgia Power CO Cl A PFD 6.125% Preferred Stock 373334473 105 "4,000" SH SOLE None "4,000" Getty Images Common Stock 374276103 11 236 SH SOLE None 236 GlaxoSmithKline plc ADR ADR 37733W105 "3,633" "69,300" SH SOLE None "69,300" Global Payments Inc Common Stock 37940X102 29 728 SH SOLE None 728 Green Mountain Coffee Roasters Common Stock 393122106 24 300 SH SOLE None 300 Groupe Danone ADS ADR 399449107 "6,179" "380,000" SH SOLE None "380,000" Hain Celestial Group Common Stock 405217100 119 "4,400" SH SOLE None "4,400" Hansen Natural Common Stock 411310105 "5,411" "125,900" SH SOLE None "125,900" Hanson plc ADS ADR 411349103 "4,044" "37,475" SH SOLE None "37,475" Harman International Industries Common Stock 413086109 "6,319" "54,100" SH SOLE None "54,100" Harris Common Stock 413875105 "8,388" "153,750" SH SOLE None "153,750" Hewlett-Packard Common Stock 428236103 "10,106" "225,975" SH SOLE None "225,975" Home Depot Common Stock 437076102 7 185 SH SOLE None 185 Honeywell International Common Stock 438516106 "4,791" "84,805" SH SOLE None "84,805" Hospira Common Stock 441060100 231 "5,926" SH SOLE None "5,926" Hospitality Properties Trust Common Stock 44106M102 39 950 SH SOLE None 950 Hudson Highland Group Common Stock 443792106 9 400 SH SOLE None 400 Humana Common Stock 444859102 "7,322" "120,207" SH SOLE None "120,207" IAC/InterActiveCorp Common Stock 44919P300 39 "1,122" SH SOLE None "1,122" IDACORP Common Stock 451107106 "3,523" "110,150" SH SOLE None "110,150" IMS Health Common Stock 449934108 "7,009" "218,140" SH SOLE None "218,140" Infineon Technologies AG ADR ADR 45662N103 92 "5,000" SH SOLE None "5,000" ING Groep NV ADS ADR 456837103 253 "5,600" SH SOLE None "5,600" Integrated Device Technology Common Stock 458118106 62 "4,030" SH SOLE None "4,030" Intel Common Stock 458140100 "4,847" "204,170" SH SOLE None "204,170" International Business Machines Common Stock 459200101 "9,868" "93,755" SH SOLE None "93,755" Intuit Common Stock 461202103 "7,497" "249,224" SH SOLE None "249,224" Investors Financial Services Common Stock 461915100 26 417 SH SOLE None 417 Iron Mountain Common Stock 462846106 24 907 SH SOLE None 907 ishares Russell 2000 Common Stock 464287655 39 476 SH SOLE None 476 James Hardie Inds NV ADS ADR 47030M106 117 "3,000" SH SOLE None "3,000" Johnson & Johnson Common Stock 478160104 "6,673" "108,282" SH SOLE None "108,282" JP Morgan Chase & Co Common Stock 46625H100 110 "2,264" SH SOLE None "2,264" KB Home Common Stock 48666K109 215 "5,775" SH SOLE None "5,775" Kellogg Common Stock 487836108 "3,239" "62,550" SH SOLE None "62,550" KeyCorp Common Stock 493267108 95 "2,772" SH SOLE None "2,772" Kimberly-Clark Common Stock 494368103 "4,252" "63,560" SH SOLE None "63,560" Kinder Morgan Energy Partners Common Stock 494550106 116 "2,100" SH SOLE None "2,100" Kindred Healthcare Common Stock 494580103 4 140 SH SOLE None 140 Knight Transportation Common Stock 499064103 24 "1,237" SH SOLE None "1,237" Kohl's Common Stock 500255104 36 500 SH SOLE None 500 Korea Electric Power ADS ADR 500631106 253 "10,000" SH SOLE None "10,000" LaCrosse Footwear Common Stock 505688101 90 "5,000" SH SOLE None "5,000" LAN Airlines SA ADS ADR 501723100 "5,819" "69,100" SH SOLE None "69,100" Lifepoint Hospitals Inc Common Stock 53219L109 22 581 SH SOLE None 581 Ligand Pharmaceuticals Common Stock 53220K207 69 "10,000" SH SOLE None "10,000" Lilly (Eli) Common Stock 532457108 "5,852" "104,650" SH SOLE None "104,650" Lincoln Electric Holdings Common Stock 533900106 "7,467" "100,500" SH SOLE None "100,500" Lowe's Companies Common Stock 548661107 "5,641" "183,928" SH SOLE None "183,928" Manitowoc Common Stock 563571108 "14,091" "175,300" SH SOLE None "175,300" Matria Healthcare Common Stock 576817209 64 "2,100" SH SOLE None "2,100" Maxim Integrated Products Common Stock 57772K101 19 555 SH SOLE None 555 McGraw-Hill Common Stock 580645109 "10,908" "160,256" SH SOLE None "160,256" Medco Health Solutions Common Stock 58405U102 92 "1,185" SH SOLE None "1,185" Merck & Co Common Stock 589331107 355 "7,121" SH SOLE None "7,121" Merix Common Stock 590049102 16 "2,020" SH SOLE None "2,020" Merrill Lynch Common Stock 590188108 37 440 SH SOLE None 440 Methanex Common Stock 591515101 "2,011" "80,000" SH SOLE None "80,000" Metso ADS ADR 592671101 430 "7,100" SH SOLE None "7,100" Microchip Technology Common Stock 595017104 "2,797" "75,500" SH SOLE None "75,500" Microsoft Common Stock 594918104 170 "5,780" SH SOLE None "5,780" Mitsubishi OFJ Financial Group ADR ADR 606822104 112 "10,000" SH SOLE None "10,000" Moody's Common Stock 615369105 273 "4,392" SH SOLE None "4,392" Morningstar Common Stock 617700109 47 "1,000" SH SOLE None "1,000" Motorola Common Stock 620076109 "2,341" "132,286" SH SOLE None "132,286" MS Structured Asset Preferred Stock 86360Y207 23 900 SH SOLE None 900 National City Common Stock 635405103 90 "2,688" SH SOLE None "2,688" National Fuel Gas Common Stock 636180101 "3,898" "90,000" SH SOLE None "90,000" National Rural Utitlity Preferred Stock 637432709 25 "1,000" SH SOLE None "1,000" Neenah Paper Common Stock 640079109 1 18 SH SOLE None 18 Nestle's S.A. Common Stock 641069406 24 250 SH SOLE None 250 "New York Times, Cl A" Common Stock 650111107 4 144 SH SOLE None 144 Nidec ADR ADR 654090109 74 "5,000" SH SOLE None "5,000" "Nike, Cl B" Common Stock 654106103 "3,824" "65,600" SH SOLE None "65,600" NiSource Common Stock 65473P105 849 "41,000" SH SOLE None "41,000" Nissan Motor ADS ADR 654744408 195 "9,000" SH SOLE None "9,000" Noble Common Stock G65422100 "7,804" "79,900" SH SOLE None "79,900" Nomura Holdings ADR ADR 65535h208 195 "10,700" SH SOLE None "10,700" Nordstrom Common Stock 655664100 266 "5,200" SH SOLE None "5,200" Norfolk Southern Common Stock 655844108 "8,167" "155,000" SH SOLE None "155,000" Norsk Hydro ADS ADR 656531605 286 "6,700" SH SOLE None "6,700" Novartis AG ADR ADR 66987V109 "7,474" "133,325" SH SOLE None "133,325" Novo-Nordisk A/S ADS ADR 670100205 "6,753" "62,200" SH SOLE None "62,200" Nucor Common Stock 670346105 "3,330" "56,500" SH SOLE None "56,500" Oakley Common Stock 673662102 "3,505" "123,400" SH SOLE None "123,400" Office Depot Common Stock 676220106 0 "2,500" SH SOLE None "2,500" Old Dominion Freight Line Common Stock 679580100 6 200 SH SOLE None 200 Omincom Group Common Stock 681919106 5 100 SH SOLE None 100 Oracle Common Stock 68389X105 "5,617" "284,587" SH SOLE None "284,587" "Orient-Express Hotels, Cl A" Common Stock 683699102 197 "3,500" SH SOLE None "3,500" Oshkosh Truck Common Stock 688239201 228 "3,600" SH SOLE None "3,600" Pacific Financial Common Stock 694275108 52 "3,186" SH SOLE None "3,186" Parker-Hannifin Common Stock 701094104 "3,664" "37,400" SH SOLE None "37,400" Patterson - UTI Energy Common Stock 703481101 189 "7,200" SH SOLE None "7,200" Patterson Companies Common Stock 703395103 13 350 SH SOLE None 350 PDF Solutions Common Stock 693282105 13 "1,100" SH SOLE None "1,100" Pearson plc ADS ADR 705015105 "2,940" "174,490" SH SOLE None "174,490" PepsiCo Common Stock 713448108 "8,066" "124,207" SH SOLE None "124,207" Performance Food Group Common Stock 713755106 175 "5,320" SH SOLE None "5,320" Petro-Canada Common Stock 7.16E+106 138 "2,400" SH SOLE None "2,400" PETsMART Common Stock 716768106 "7,770" "239,460" SH SOLE None "239,460" Pfizer Common Stock 717081103 "4,394" "171,819" SH SOLE None "171,819" Pharmaceutical Product Development Common Stock 717124101 "5,783" "151,150" SH SOLE None "151,150" Piedmont Natural Gas Common Stock 720186105 "1,479" "60,000" SH SOLE None "60,000" PIMCO Commercial Mortgage Secs Common Stock 693388100 11 "1,000" SH SOLE None "1,000" Pitney Bowes Common Stock 724479100 16 350 SH SOLE None 350 Plum Creek Timber Common Stock 729251108 "2,604" "62,507" SH SOLE None "62,507" Polycom Common Stock 73172K104 55 "1,630" SH SOLE None "1,630" Potash Corp of Saskatchewan Common Stock 73755L107 "11,059" "141,600" SH SOLE None "141,600" Praxair Common Stock 74005P104 "4,050" "56,225" SH SOLE None "56,225" Precision Drilling Common Stock 74022D100 73 "2,970" SH SOLE None "2,970" Procter & Gamble Common Stock 742718109 "4,685" "76,541" SH SOLE None "76,541" PT Indosat ADR ADR 715680104 106 "2,500" SH SOLE None "2,500" Public Storage International Common Stock 74460D109 162 "2,103" SH SOLE None "2,103" Qualcomm Common Stock 747525103 "7,177" "165,414" SH SOLE None "165,414" Quantum Common Stock 747906204 "1,268" "400,000" SH SOLE None "400,000" Raymond James Financial Common Stock 754730109 221 "7,138" SH SOLE None "7,138" RealNetworks Common Stock 75605L104 7 800 SH SOLE None 800 Realty Income Corp 8.25% Preferred Stock 756109203 196 "7,600" SH SOLE None "7,600" Red Lion Hotels Common Stock 95750P106 264 "21,000" SH SOLE None "21,000" Regal-Beloit Common Stock 758750103 "9,296" "199,150" SH SOLE None "199,150" Repsol YPF SA ADS ADR 76026T205 591 "15,138" SH SOLE None "15,138" Restoration Hardware Common Stock 760981100 "1,541" "277,179" SH SOLE None "277,179" Rio Tinto plc ADS ADR 767204100 "14,719" "48,094" SH SOLE None "48,094" Ritchie Bros. Auctioneers Common Stock 767744105 199 "3,000" SH SOLE None "3,000" "Rochester Gas&Electric Corp," Preferred Stock 771367794 113 "4,500" SH SOLE None "4,500" Rockwell Automation Common Stock 773903109 "3,680" "53,000" SH SOLE None "53,000" Rockwell Collins Common Stock 774341101 29 400 SH SOLE None 400 Rohm & Haas Common Stock 775371107 9 165 SH SOLE None 165 Royal Dutch Shell PLC ADR 780259206 81 "1,000" SH SOLE None "1,000" RPM Common Stock 749685103 "1,526" "66,000" SH SOLE None "66,000" Ruby Tuesday Common Stock 781182100 13 500 SH SOLE None 500 S & P Mid-Cap 400 SPDR's Common Stock S30821995 32 198 SH SOLE None 198 Safeco Common Stock 786429100 104 "1,678" SH SOLE None "1,678" SanDisk Common Stock 80004C101 "4,894" "100,000" SH SOLE None "100,000" 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 "1,700" Saturns Dpl Inc Bkd Ser 2002 3 Tr. Preferred Stock 80410A202 38 "1,500" SH SOLE None "1,500" Saturns Hertz Corp Series 2003-8 Preferred Stock 804115202 24 "1,000" SH SOLE None "1,000" Satyam Computer Services ADS ADR 804098101 159 "6,000" SH SOLE None "6,000" Schlumberger Ltd Common Stock 806857108 200 "2,360" SH SOLE None "2,360" Schwab (Charles) Common Stock 808513105 556 "25,000" SH SOLE None "25,000" Sempra Energy Common Stock 816851109 "2,127" "35,950" SH SOLE None "35,950" Semtech Common Stock 816850101 23 "1,330" SH SOLE None "1,330" Shire PLC ADR ADR 82481r106 152 "2,000" SH SOLE None "2,000" Simon Property Group Common Stock 828806109 102 "1,100" SH SOLE None "1,100" Singapore Telecom ADR NEW ADR 82929R304 36 "1,600" SH SOLE None "1,600" Sinopec ADR ADR 16941R108 7 63 SH SOLE None 63 SK Telecom ADR ADR 78440P108 147 "5,000" SH SOLE None "5,000" Smucker (J.M.) Common Stock 832696405 "2,228" "35,000" SH SOLE None "35,000" Sony ADS ADR 835699307 157 "3,000" SH SOLE None "3,000" Southwest Airlines Common Stock 844741108 15 "1,000" SH SOLE None "1,000" Spectra Energy Common Stock 847560109 "1,130" "43,480" SH SOLE None "43,480" Stage Stores Common Stock 85254C305 73 "3,487" SH SOLE None "3,487" Staples Common Stock 855030102 "6,116" "257,516" SH SOLE None "257,516" Starbucks Common Stock 855244109 52 "2,000" SH SOLE None "2,000" Stericycle Common Stock 858912108 12 260 SH SOLE None 260 Suburban Propane Partners LP Common Stock 864482104 239 "5,000" SH SOLE None "5,000" SumTotal Systems Common Stock 866615107 425 "54,250" SH SOLE None "54,250" SunPower Common Stock 867652109 132 "2,100" SH SOLE None "2,100" T. Rowe Price Group Inc. Common Stock 74144T108 54 "1,050" SH SOLE None "1,050" Taiwan Semiconductor ADS ADR 874039100 "9,204" "827,055" SH SOLE None "827,055" Target Common Stock 8.76E+110 38 600 SH SOLE None 600 TCW Convertible Securities Fund Common Stock 872340104 9 "1,875" SH SOLE None "1,875" Teekay LNG Partners LP Common Stock Y8564M105 243 "6,750" SH SOLE None "6,750" Telecom Corp New Zealand ADS ADR 879278208 177 "6,200" SH SOLE None "6,200" Teleflex Common Stock 879369106 "2,453" "30,000" SH SOLE None "30,000" Telefonica SA ADS ADR 879382208 "2,812" "41,892" SH SOLE None "41,892" "Telefonos de Mexico, Cl L ADS" ADR 879403780 586 "15,400" SH SOLE None "15,400" Telephone & Data Sys 6.625% Pfd Preferred Stock 879433852 70 "3,200" SH SOLE None "3,200" Telstra ADR ADR 87969N204 "1,536" "80,000" SH SOLE None "80,000" Telus Common Stock 87971M103 300 "5,000" SH SOLE None "5,000" Telus Common Stock 87971M202 "3,649" "61,900" SH SOLE None "61,900" Tenaris SA ADR ADR 88031M109 "2,573" "52,500" SH SOLE None "52,500" Thoratec Common Stock 885175307 61 "3,340" SH SOLE None "3,340" Tomkins plc ADS ADR 890030208 "2,093" "100,750" SH SOLE None "100,750" Toronto-Dominion Bank Common Stock 891160509 506 "7,342" SH SOLE None "7,342" TOTAL SA ADS ADR 8.92E+113 270 "3,200" SH SOLE None "3,200" Toyota Motor ADS ADR 892331307 "5,198" "41,290" SH SOLE None "41,290" Transocean Sedco Forex Common Stock G90078109 12 112 SH SOLE None 112 Transport de Gas del Sur S.A. ADS ADR 893870204 12 "1,500" SH SOLE None "1,500" Travelcenters of America Common Stock 894174101 4 95 SH SOLE None 95 Travelers Cos Inc Common Stock 8.94E+113 6 114 SH SOLE None 114 Trimble Navigation Common Stock 896239100 "9,279" "287,270" SH SOLE None "287,270" Turkcell Iletisim Hizmetleri ADR ADR 900111105 117 "7,000" SH SOLE None "7,000" UAL Corp Common Stock 902549807 245 "5,500" SH SOLE None "5,500" Ultralife Batteries Common Stock S18978999 105 "10,000" SH SOLE None "10,000" Unilever N.V. Common Stock 904784501 168 "5,400" SH SOLE None "5,400" Unilever PLC ADS ADR 904767704 "3,565" "110,500" SH SOLE None "110,500" "United Parcel Service, Cl B" Common Stock 911312106 "10,072" "137,890" SH SOLE None "137,890" United States Steel Common Stock 912909108 "3,589" "33,000" SH SOLE None "33,000" United Technologies Common Stock 913017109 "3,998" "56,340" SH SOLE None "56,340" UnitedHealth Group Common Stock 91324P102 138 "2,700" SH SOLE None "2,700" UPM-Kymmene Oyj ADS ADR 915436109 89 "3,500" SH SOLE None "3,500" US Bancorp Common Stock 902973304 47 "1,430" SH SOLE None "1,430" USEC Common Stock 9.03E+112 200 "9,100" SH SOLE None "9,100" Valspar Common Stock 920355104 "1,136" "40,000" SH SOLE None "40,000" Valueclick Common Stock 92046N102 16 550 SH SOLE None 550 Van Kampen Senior Income Trust Common Stock 920961109 38 "4,389" SH SOLE None "4,389" VCA Antech Common Stock 918194101 "7,981" "211,700" SH SOLE None "211,700" Verigy Ltd Common Stock Y93691106 "5,180" "181,043" SH SOLE None "181,043" Vertical Communications Common Stock 924914104 6 "10,000" SH SOLE None "10,000" Vodafone GRP ADS ADR 92857W209 "4,111" "122,251" SH SOLE None "122,251" Votorantim Celulose ADS ADR 92906p106 217 "8,000" SH SOLE None "8,000" Wachovia Corp Common Stock 929903102 103 "2,000" SH SOLE None "2,000" Walgreen Common Stock 931422109 145 "3,319" SH SOLE None "3,319" Washington Banking Company Common Stock 937303105 94 "6,250" SH SOLE None "6,250" Washington Group Intl Common Stock 938862208 "8,034" "100,400" SH SOLE None "100,400" Washington Mutual Common Stock 939322103 639 "15,012" SH SOLE None "15,012" Weatherford International Common Stock 947074100 68 "1,240" SH SOLE None "1,240" Wells Fargo & Co Common Stock 949746101 39 "1,116" SH SOLE None "1,116" Weyerhaeuser Common Stock 962166104 "2,250" "28,375" SH SOLE None "28,375" "Wiley (John) & Sons, Cl A" Common Stock 968223206 "5,064" "105,000" SH SOLE None "105,000" Worthington Industries Common Stock 981811102 60 "2,750" SH SOLE None "2,750" Wyeth Common Stock 983024100 "8,804" "153,540" SH SOLE None "153,540" Yahoo! Common Stock 984332106 158 "5,825" SH SOLE None "5,825" YRC Worldwide Common Stock 984249102 2 60 SH SOLE None 60 "Zebra Technologies, Cl A" Common Stock 989207105 32 817 SH SOLE None 817 Zimmer Holdings Common Stock 98956P102 "7,751" "91,310" SH SOLE None "91,310" TOTAL "818,449"
-----END PRIVACY-ENHANCED MESSAGE-----