-----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, Vq8Z93EnwkOlXzfnVg4aLtTA0NQZu8b6FLoPr6E7D8UMV1EUDkk5CRv6Eikhv9UI RpU5EKQmw6JKp0ZfXv1ZIQ== 0001316617-07-000002.txt : 20070125 0001316617-07-000002.hdr.sgml : 20070125 20070125160711 ACCESSION NUMBER: 0001316617-07-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20061231 FILED AS OF DATE: 20070125 DATE AS OF CHANGE: 20070125 EFFECTIVENESS DATE: 20070125 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: 07553132 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 form13f20061229.txt YE HOLDINGS REPORT, DECEMBER 29, 2006 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F Form 13F Cover Page Report for the Calendar Year Ended: December 31, 2006 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 January 24, 2007 Report Type: 13F HOLDINGS REPORT FORM 13F SUMMARY PAGE Report Summary Number of other included managers: 0 Form 13F information table entry total: 357 Form 13F information table value total: $520,510 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 $125 "30,300" SH SOLE None "30,300" 3M Common Stock 88579Y101 "$1,987" "25,500" SH SOLE None "25,500" 51job ADR ADR 316827104 $137 "8,000" SH SOLE None "8,000" Abbott Laboratories Common Stock 2824100 "$4,252" "87,293" SH SOLE None "87,293" Activision Common Stock 4930202 $124 "7,198" SH SOLE None "7,198" Adobe Systems Common Stock 00724F101 "$7,425" "180,570" SH SOLE None "180,570" Advanced Micro Devices Common Stock 7903107 "$4,782" "235,000" SH SOLE None "235,000" Aegon NV Common Stock 7924103 $95 "5,000" SH SOLE None "5,000" Agilent Technologies Common Stock 00846U101 "$5,106" "146,522" SH SOLE None "146,522" Air Products & Chemicals Common Stock 9158106 "$1,757" "25,000" SH SOLE None "25,000" Akamai Technologies Common Stock 00971T101 $139 "2,625" SH SOLE None "2,625" Alabama Power Series JJ Preferred Stock 10392520 $26 "1,000" SH SOLE None "1,000" Alcoa Common Stock 13817101 $328 "10,935" SH SOLE None "10,935" Amazon.com Common Stock 23135106 $213 "5,400" SH SOLE None "5,400" America Movil ADS Series L ADR 02364W105 "$5,851" "129,400" SH SOLE None "129,400" American Eagle Outfitters Common Stock 2.55E+109 "$6,320" "202,500" SH SOLE None "202,500" American Oriental Bioengineering Common Stock 28731107 $175 "15,000" SH SOLE None "15,000" Amgen Common Stock 31162100 "$4,860" "71,144" SH SOLE None "71,144" Analog Devices Common Stock 32654105 $16 500 SH SOLE None 500 Anglo-American plc ADR ADR 03485P102 "$6,283" "257,400" SH SOLE None "257,400" Aon Corp Common Stock 37389103 $88 "2,496" SH SOLE None "2,496" Apache Common Stock 37411105 $31 462 SH SOLE None 462 Apartment Investment & Management Common Stock 03748R101 $62 "1,100" SH SOLE None "1,100" Apartment Investment & Management Preferred Stock 03748r408 $45 "1,700" SH SOLE None "1,700" "Apollo Group, 'A'" Common Stock 37604105 $6 160 SH SOLE None 160 Apple Common Stock 37833100 "$13,161" "155,130" SH SOLE None "155,130" Applebee's International Common Stock 37899101 $52 "2,100" SH SOLE None "2,100" Applera Corp-Applied Biosystems Common Stock 38020103 $29 800 SH SOLE None 800 Archstone - Smith Trust Common Stock 39583109 $93 "1,602" SH SOLE None "1,602" Arkema ADS ADR 41232109 $4 82 SH SOLE None 82 ARM Holdings plc ADS ADR 42068106 $23 "3,111" SH SOLE None "3,111" Asia Pacific Fund Common Stock 44901106 $17 757 SH SOLE None 757 AT&T Common Stock 00206R102 "$2,024" "56,626" SH SOLE None "56,626" Audiocodes Ltd Common Stock 1082965 $75 "8,000" SH SOLE None "8,000" Australia & New Zealand Banking ADS ADR 52528304 $361 "3,237" SH SOLE None "3,237" Autodesk Common Stock 52769106 $45 "1,100" SH SOLE None "1,100" Autoliv Common Stock 52800109 $9 153 SH SOLE None 153 Avery Dennison Common Stock 53611109 "$1,494" "22,000" SH SOLE None "22,000" Avista Common Stock 05379B107 "$3,838" "151,650" SH SOLE None "151,650" AXA ADS ADR 54536107 $210 "5,200" SH SOLE None "5,200" Baker Hughes Common Stock 57224107 $14 182 SH SOLE None 182 Banco Bilbao Vizcaya Argentaria ADS ADR 05946K101 $180 "7,500" SH SOLE None "7,500" Bank of America Common Stock 60505104 $40 744 SH SOLE None 744 Bank of New York Common Stock 64057102 $126 "3,200" SH SOLE None "3,200" Barr Pharmaceuticals Common Stock 68306109 "$5,455" "108,839" SH SOLE None "108,839" BASF AG ADS ADR 55262505 "$2,207" "22,700" SH SOLE None "22,700" BCE Common Stock 05534B760 "$1,826" "67,619" SH SOLE None "67,619" Bed Bath & Beyond Common Stock 75896100 "$4,228" "110,969" SH SOLE None "110,969" Bell Aliant Regional Communications Unit 07786J103 $50 "2,175" SH SOLE None "2,175" BellSouth Common Stock 79860102 $61 "1,304" SH SOLE None "1,304" Best Buy Common Stock 86516101 "$5,373" "109,232" SH SOLE None "109,232" BHP Billiton Ltd ADS ADR 88606108 "$2,052" "51,620" SH SOLE None "51,620" Boston Scientific Common Stock 101137107 $9 530 SH SOLE None 530 BP plc ADS ADR 55622104 "$8,005" "119,296" SH SOLE None "119,296" Bristol-Myers Squibb Common Stock 110122108 "$1,644" "62,459" SH SOLE None "62,459" Build-A-Bear-Workshop Common Stock 120076104 $196 "7,000" SH SOLE None "7,000" Building Materials Holding Common Stock 120113105 "$2,321" "94,000" SH SOLE None "94,000" Burlington Northern Santa Fe Common Stock 12189T104 "$2,284" "30,950" SH SOLE None "30,950" Business Objects SA ADS ADR 12328X107 "$5,306" "134,500" SH SOLE None "134,500" Cadbury Schweppes plc ADR ADR 127209302 $107 "2,500" SH SOLE None "2,500" Canadian National Railways Common Stock 136375102 "$1,807" "42,000" SH SOLE None "42,000" Canadian Pacific Railway Ltd Common Stock 13645T100 "$5,279" "100,050" SH SOLE None "100,050" Canon ADS ADR 138006309 "$6,626" "117,080" SH SOLE None "117,080" Capital One Financial Common Stock 14040H105 $8 100 SH SOLE None 100 Caremark Rx Common Stock 141705103 "$5,482" "95,996" SH SOLE None "95,996" Caribou Coffee Common Stock 142042209 $427 "50,000" SH SOLE None "50,000" Carmax Common Stock 143130102 $45 840 SH SOLE None 840 Cascade Financial Common Stock 147357107 $128 "7,462" SH SOLE None "7,462" Cascade Natural Gas Common Stock 147339105 $4 163 SH SOLE None 163 Catalina Marketing Common Stock 148867104 $34 "1,253" SH SOLE None "1,253" Caterpillar Common Stock 149123101 $37 600 SH SOLE None 600 Ceridian Common Stock 156779100 $19 664 SH SOLE None 664 Charles River Laboratories Common Stock 159864107 $65 "1,495" SH SOLE None "1,495" ChevronTexaco Common Stock 166764100 $254 "3,459" SH SOLE None "3,459" Chicago Mercantile Exchange Common Stock 167760107 "$5,030" "9,868" SH SOLE None "9,868" Childrens Place Common Stock 168905107 $25 400 SH SOLE None 400 China Mobile (Hong Kong) Ltd ADR ADR 169428109 "$6,371" "147,400" SH SOLE None "147,400" Chubb Common Stock 171232101 $265 "5,000" SH SOLE None "5,000" Chunghwa Telecom ADR ADR 17133Q205 $987 "50,000" SH SOLE None "50,000" Cisco Systems Common Stock 17275R102 "$6,552" "239,723" SH SOLE None "239,723" Citigroup Common Stock 172967101 $56 999 SH SOLE None 999 Clorox Common Stock 189054109 "$4,170" "65,000" SH SOLE None "65,000" Coach Common Stock 189754104 "$6,392" "148,800" SH SOLE None "148,800" Coca-Cola Co Common Stock 191216100 $43 895 SH SOLE None 895 Coca-Cola Femsa ADS ADR 191241108 $263 "6,926" SH SOLE None "6,926" Colgate-Palmolive Common Stock 194162103 "$1,435" "22,000" SH SOLE None "22,000" Comtech Communications Common Stock 205826209 $38 "1,000" SH SOLE None "1,000" ConocoPhillips Common Stock 20825C104 "$2,606" "36,217" SH SOLE None "36,217" Convergys Common Stock 212485106 "$3,584" "150,700" SH SOLE None "150,700" Copa Holdings SA Common Stock P31076105 $233 "5,000" SH SOLE None "5,000" Corning Common Stock 219350105 $6 300 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 $21 400 SH SOLE None 400 Crane Common Stock 224399105 "$3,664" "100,000" SH SOLE None "100,000" Cree Research Common Stock 225447101 "$2,407" "139,000" SH SOLE None "139,000" CRH plc ADS ADR 12626K203 $170 "4,000" SH SOLE None "4,000" Danaher Common Stock 235851102 $26 360 SH SOLE None 360 Dassault Systems SA ADR ADR 237545108 $159 "3,000" SH SOLE None "3,000" DENTSPLY International Common Stock 249030107 "$4,517" "151,340" SH SOLE None "151,340" "Developers Drivers Realty Corp," Preferred Stock 251591871 $38 "1,500" SH SOLE None "1,500" Devon Energy Common Stock 25179M103 $201 "3,000" SH SOLE None "3,000" Diebold Common Stock 253651103 $37 800 SH SOLE None 800 Donnelley (RR) & Sons Common Stock 257867101 $207 "5,825" SH SOLE None "5,825" Dow Chemical Common Stock 260543103 $40 "1,000" SH SOLE None "1,000" Duke Energy Common Stock 26441C105 "$2,735" "82,361" SH SOLE None "82,361" Duke Realty Common Stock 264411505 "$2,704" "66,107" SH SOLE None "66,107" Dun & Bradstreet Common Stock 2.65E+104 $91 "1,098" SH SOLE None "1,098" duPont (EI) deNemours Common Stock 263534109 $8 165 SH SOLE None 165 Earthlink Common Stock 270321102 $50 "7,075" SH SOLE None "7,075" Edison International Common Stock 281020107 $45 "1,000" SH SOLE None "1,000" Electronic Data Systems Common Stock 285661104 $3 100 SH SOLE None 100 Embraer Aircraft ADR ADR 29081M102 $396 "9,547" SH SOLE None "9,547" EMCOR Group Common Stock 29084Q100 "$4,775" "84,000" SH SOLE None "84,000" Emulex Common Stock 292475209 $20 "1,000" SH SOLE None "1,000" Enbridge Energy Partners LP Common Stock 29250R106 $541 "10,960" SH SOLE None "10,960" EnCana Common Stock 292505104 "$8,857" "192,758" SH SOLE None "192,758" Enel SpA ADS ADR 29265W108 $93 "1,809" SH SOLE None "1,809" Enersis SA ADS ADR 29274F104 $144 "9,000" SH SOLE None "9,000" "Entergy Arknsas Inc, Prf 6.70%" Preferred Stock 29364D811 $75 "3,000" SH SOLE None "3,000" Entergy MISS 1st MTG Preferred Stock 29364N876 $25 "1,000" SH SOLE None "1,000" Epcos AG ADS ADR 29410P107 $150 "7,500" SH SOLE None "7,500" Expedia Inc. - Cl A Common Stock 30212P105 $24 "1,122" SH SOLE None "1,122" "Express Scripts, Cl A" Common Stock 302182100 $29 402 SH SOLE None 402 Exxon Mobil Common Stock 30231G102 "$3,139" "40,963" SH SOLE None "40,963" Fair Issac & Co Common Stock 303250104 $73 "1,806" SH SOLE None "1,806" Fannie Mae Common Stock 313586109 $71 "1,200" SH SOLE None "1,200" Fastenal Common Stock 311900104 "$4,041" "112,620" SH SOLE None "112,620" Fiserv Common Stock 337738108 $24 450 SH SOLE None 450 Flextronics International Common Stock 300999109 $15 "1,350" SH SOLE None "1,350" FLIR Systems Common Stock 302445101 $158 "4,960" SH SOLE None "4,960" Fording Canadian Coal Trust Common Stock 345425102 $86 "4,160" SH SOLE None "4,160" FPL Group Common Stock 302571104 "$4,432" "81,440" SH SOLE None "81,440" FPL Group Capital Trust I Preferred Stock 30257v207 $53 "2,200" SH SOLE None "2,200" Freddie Mac Common Stock 313400301 $20 300 SH SOLE None 300 "Freeport-McMoran Copper Gold, Cl B" Common Stock 35671D857 $11 204 SH SOLE None 204 Frontier Financial Common Stock 35907K105 $861 "29,458" SH SOLE None "29,458" Furrs Restaurant Group Common Stock 361115603 $0 2 SH SOLE None 2 Gabelli Dividend & Income Trust Common Stock 36242H104 $21 "1,000" SH SOLE None "1,000" Gannett Common Stock 364730101 $18 300 SH SOLE None 300 Gartner Group Common Stock 366651107 "$1,201" "60,700" SH SOLE None "60,700" Genentech Common Stock 368710406 "$5,245" "64,650" SH SOLE None "64,650" General Electric Common Stock 369604103 $747 "20,067" SH SOLE None "20,067" Gentex Common Stock 371901109 $11 736 SH SOLE None 736 Genuine Parts Common Stock 372460105 "$6,308" "133,000" SH SOLE None "133,000" Genzyme Common Stock 372917104 "$2,463" "40,000" SH SOLE None "40,000" Georgia Pwr Cap Trust V Preferred Stock 37333R308 $50 "2,000" SH SOLE None "2,000" Getty Images Common Stock 374276103 $10 236 SH SOLE None 236 GlaxoSmithKline plc ADR ADR 37733W105 "$1,794" "34,000" SH SOLE None "34,000" Global Payments Inc Common Stock 37940X102 $34 728 SH SOLE None 728 Groupe Danone ADS ADR 399449107 "$1,956" "60,000" SH SOLE None "60,000" Hain Celestial Group Common Stock 405217100 $78 "2,500" SH SOLE None "2,500" Hansen Natural Common Stock 411310105 "$3,402" "101,000" SH SOLE None "101,000" Hanson plc ADS ADR 411349103 "$2,846" "37,600" SH SOLE None "37,600" Harman International Industries Common Stock 413086109 "$4,206" "42,100" SH SOLE None "42,100" Harris Common Stock 413875105 "$5,620" "122,540" SH SOLE None "122,540" Hewlett-Packard Common Stock 428236103 "$8,031" "194,975" SH SOLE None "194,975" Home Depot Common Stock 437076102 $7 185 SH SOLE None 185 Honeywell International Common Stock 438516106 "$2,000" "44,205" SH SOLE None "44,205" Hospira Common Stock 441060100 $188 "5,596" SH SOLE None "5,596" Hospitality Properties Trust Common Stock 44106M102 $45 950 SH SOLE None 950 Hudson Highland Group Common Stock 443792106 $7 400 SH SOLE None 400 Humana Common Stock 444859102 "$5,448" "98,507" SH SOLE None "98,507" Hunt Transport Svcs(J B) Common Stock 445658107 "$1,039" "50,000" SH SOLE None "50,000" IAC/InterActiveCorp Common Stock 44919P300 $42 "1,122" SH SOLE None "1,122" IDACORP Common Stock 451107106 "$2,870" "74,250" SH SOLE None "74,250" IMS Health Common Stock 449934108 "$4,314" "156,990" SH SOLE None "156,990" Infineon Technologies AG ADR ADR 45662N103 $70 "5,000" SH SOLE None "5,000" ING Groep NV ADS ADR 456837103 $230 "5,200" SH SOLE None "5,200" Integrated Device Technology Common Stock 458118106 $62 "4,030" SH SOLE None "4,030" Intel Common Stock 458140100 $34 "1,670" SH SOLE None "1,670" International Business Machines Common Stock 459200101 "$5,440" "55,995" SH SOLE None "55,995" Intuit Common Stock 461202103 "$6,402" "209,824" SH SOLE None "209,824" Investors Financial Services Common Stock 461915100 $18 417 SH SOLE None 417 Iron Mountain Common Stock 462846106 $25 605 SH SOLE None 605 ishares Russell 2000 Common Stock 464287655 $37 476 SH SOLE None 476 James Hardie Inds NV ADS ADR 47030M106 $113 "3,000" SH SOLE None "3,000" Johnson & Johnson Common Stock 478160104 "$6,291" "95,282" SH SOLE None "95,282" JP Morgan Chase & Co Common Stock 46625H100 $109 "2,264" SH SOLE None "2,264" KB Home Common Stock 48666K109 $256 "5,000" SH SOLE None "5,000" Kellogg Common Stock 487836108 "$1,357" "27,100" SH SOLE None "27,100" KeyCorp Common Stock 493267108 $105 "2,772" SH SOLE None "2,772" Kimberly-Clark Common Stock 494368103 "$1,776" "26,135" SH SOLE None "26,135" Kinder Morgan Energy Partners Common Stock 494550106 $53 "1,100" SH SOLE None "1,100" Kindred Healthcare Common Stock 494580103 $4 140 SH SOLE None 140 Knight Transportation Common Stock 499064103 $21 "1,237" SH SOLE None "1,237" Kohl's Common Stock 500255104 $34 500 SH SOLE None 500 Korea Electric Power ADS ADR 500631106 $159 "7,000" SH SOLE None "7,000" LaCrosse Footwear Common Stock 505688101 $66 "5,000" SH SOLE None "5,000" LAN Airlines SA ADS ADR 501723100 "$2,963" "53,900" SH SOLE None "53,900" Lifepoint Hospitals Inc Common Stock 53219L109 $20 581 SH SOLE None 581 Ligand Pharmaceuticals Common Stock 53220K207 $110 "10,000" SH SOLE None "10,000" Lilly (Eli) Common Stock 532457108 "$3,647" "70,000" SH SOLE None "70,000" Lincoln Electric Holdings Common Stock 533900106 "$5,075" "84,000" SH SOLE None "84,000" Louisiana-Pacific Common Stock 546347105 $969 "45,000" SH SOLE None "45,000" Lowe's Companies Common Stock 548661107 "$3,988" "128,028" SH SOLE None "128,028" Manitowoc Common Stock 563571108 "$8,338" "140,300" SH SOLE None "140,300" MapInfo Common Stock 565105103 $104 "8,000" SH SOLE None "8,000" Matria Healthcare Common Stock 576817209 $60 "2,100" SH SOLE None "2,100" Maxim Integrated Products Common Stock 57772K101 $17 555 SH SOLE None 555 McGraw-Hill Common Stock 580645109 "$7,676" "112,856" SH SOLE None "112,856" Medco Health Solutions Common Stock 58405U102 $64 "1,191" SH SOLE None "1,191" Merck & Co Common Stock 589331107 $310 "7,121" SH SOLE None "7,121" Merck Serono SA ADR ADR 589345107 $111 "5,000" SH SOLE None "5,000" Merix Common Stock 590049102 $19 "2,020" SH SOLE None "2,020" Merrill Lynch Common Stock 590188108 $41 440 SH SOLE None 440 Metso ADS ADR 592671101 $359 "7,100" SH SOLE None "7,100" Microchip Technology Common Stock 595017104 "$1,102" "33,700" SH SOLE None "33,700" Microsoft Common Stock 594918104 "$1,666" "55,780" SH SOLE None "55,780" Mitsubishi OFJ Financial Group ADR ADR 606822104 $125 "10,000" SH SOLE None "10,000" Moody's Common Stock 615369105 $303 "4,392" SH SOLE None "4,392" Morningstar Common Stock 617700109 $45 "1,000" SH SOLE None "1,000" Motorola Common Stock 620076109 "$2,734" "132,986" SH SOLE None "132,986" MS Structured Asset Preferred Stock 86360Y207 $13 500 SH SOLE None 500 National City Common Stock 635405103 $98 "2,688" SH SOLE None "2,688" National Fuel Gas Common Stock 636180101 "$2,120" "55,000" SH SOLE None "55,000" National Rural Utitlity Preferred Stock 637432709 $26 "1,000" SH SOLE None "1,000" Neenah Paper Common Stock 640079109 $1 21 SH SOLE None 21 Nestle's S.A. ADS Common Stock 641069406 $22 250 SH SOLE None 250 "New York Times, Cl A" Common Stock 650111107 $4 144 SH SOLE None 144 Nidec ADR ADR 654090109 $97 "5,000" SH SOLE None "5,000" "Nike, Cl B" Common Stock 654106103 $995 "10,050" SH SOLE None "10,050" NiSource Common Stock 65473P105 $988 "41,000" SH SOLE None "41,000" Nissan Motor ADS ADR 654744408 $218 "9,000" SH SOLE None "9,000" Noble Common Stock 655042109 "$6,054" "79,500" SH SOLE None "79,500" Nomura Holdings ADR ADR 65535h208 $189 "10,000" SH SOLE None "10,000" Nordstrom Common Stock 655664100 $257 "5,200" SH SOLE None "5,200" Norfolk Southern Common Stock 655844108 "$5,280" "105,000" SH SOLE None "105,000" Norsk Hydro ADS ADR 656531605 $184 "6,000" SH SOLE None "6,000" Novartis AG ADR ADR 66987V109 "$5,358" "93,275" SH SOLE None "93,275" Novo-Nordisk A/S ADS ADR 670100205 "$5,185" "62,000" SH SOLE None "62,000" Nucor Common Stock 670346105 "$1,968" "36,000" SH SOLE None "36,000" Oakley Common Stock 673662102 "$2,475" "123,400" SH SOLE None "123,400" Office Depot Common Stock 676220106 $115 "3,000" SH SOLE None "3,000" Old Dominion Freight Line Common Stock 679580100 $5 200 SH SOLE None 200 Omincom Group Common Stock 681919106 $5 50 SH SOLE None 50 Oracle Common Stock 68389X105 $596 "34,787" SH SOLE None "34,787" "Orient-Express Hotels, Cl A" Common Stock 683699102 $166 "3,500" SH SOLE None "3,500" Oshkosh Truck Common Stock 688239201 $145 "3,000" SH SOLE None "3,000" Pacific Financial Common Stock 694275108 $54 "3,186" SH SOLE None "3,186" Parker-Hannifin Common Stock 701094104 "$1,930" "25,100" SH SOLE None "25,100" Patterson - UTI Energy Common Stock 703481101 $186 "8,000" SH SOLE None "8,000" Patterson Companies Common Stock 703395103 $12 350 SH SOLE None 350 PDF Solutions Common Stock 693282105 $16 "1,100" SH SOLE None "1,100" Pearson plc ADS ADR 705015105 "$1,637" "108,390" SH SOLE None "108,390" PepsiCo Common Stock 713448108 "$6,712" "107,307" SH SOLE None "107,307" Performance Food Group Common Stock 713755106 $147 "5,320" SH SOLE None "5,320" Petro-Canada Common Stock 7.16E+106 $82 "2,000" SH SOLE None "2,000" PETsMART Common Stock 716768106 "$5,237" "181,460" SH SOLE None "181,460" Pfizer Common Stock 717081103 "$2,500" "96,519" SH SOLE None "96,519" Pharmaceutical Product Development Common Stock 717124101 "$4,195" "130,200" SH SOLE None "130,200" Phelps Dodge Common Stock 717265102 "$4,328" "36,153" SH SOLE None "36,153" Piedmont Natural Gas Common Stock 720186105 "$1,605" "60,000" SH SOLE None "60,000" PIMCO Commercial Mortgage Secs Common Stock 693388100 $14 "1,000" SH SOLE None "1,000" Pitney Bowes Common Stock 724479100 $16 350 SH SOLE None 350 Plum Creek Timber Common Stock 729251108 "$2,451" "61,507" SH SOLE None "61,507" Polycom Common Stock 73172K104 $50 "1,630" SH SOLE None "1,630" Potash Corp of Saskatchewan Common Stock 73755L107 "$5,337" "37,200" SH SOLE None "37,200" Praxair Common Stock 74005P104 "$1,483" "25,000" SH SOLE None "25,000" Precision Drilling Common Stock 74022D100 $69 "2,970" SH SOLE None "2,970" Procter & Gamble Common Stock 742718109 "$2,307" "35,891" SH SOLE None "35,891" PT Indosat ADR ADR 715680104 $96 "2,500" SH SOLE None "2,500" Public Storage International Common Stock 74460D109 $245 "2,517" SH SOLE None "2,517" Qualcomm Common Stock 747525103 "$5,386" "142,514" SH SOLE None "142,514" Quantum Common Stock 747906204 $696 "300,000" SH SOLE None "300,000" Raymond James Financial Common Stock 754730109 $216 "7,138" SH SOLE None "7,138" RealNetworks Common Stock 75605L104 $9 800 SH SOLE None 800 Realty Income Corp 8.25% Preferred Stock 756109203 $37 "1,400" SH SOLE None "1,400" Red Lion Hotels Common Stock 95750P106 $267 "21,000" SH SOLE None "21,000" Regal-Beloit Common Stock 758750103 "$7,569" "144,150" SH SOLE None "144,150" Repsol YPF SA ADS ADR 76026T205 $522 "15,138" SH SOLE None "15,138" Restoration Hardware Common Stock 760981100 "$2,512" "295,203" SH SOLE None "295,203" Rio Tinto plc ADS ADR 767204100 "$7,138" "33,594" SH SOLE None "33,594" "Rochester Gas&Electric Corp," Preferred Stock 771367794 $76 "3,000" SH SOLE None "3,000" Rohm & Haas Common Stock 775371107 $8 165 SH SOLE None 165 Royal Dutch Shell PLC ADR 780259206 $71 "1,000" SH SOLE None "1,000" RPM Common Stock 749685103 "$1,358" "65,000" SH SOLE None "65,000" Ruby Tuesday Common Stock 781182100 $14 500 SH SOLE None 500 S & P Mid-Cap 400 SPDR's Common Stock S30821995 $29 198 SH SOLE None 198 Safeco Common Stock 786429100 $105 "1,678" SH SOLE None "1,678" Sanofi-Aventis ADR ADR 80105N105 $6 125 SH SOLE None 125 Santa Fe Energy Trust Common Stock 802013102 $26 900 SH SOLE None 900 "Saturn Goodrich Corp, Series 2002" Preferred Stock 80410V206 $45 "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 $23 "1,000" SH SOLE None "1,000" Satyam Computer Services ADS ADR 804098101 $144 "6,000" SH SOLE None "6,000" Schlumberger Ltd Common Stock 806857108 $149 "2,360" SH SOLE None "2,360" Schwab (Charles) Common Stock 808513105 $484 "25,000" SH SOLE None "25,000" Sempra Energy Common Stock 816851109 "$2,015" "35,950" SH SOLE None "35,950" Semtech Common Stock 816850101 $17 "1,330" SH SOLE None "1,330" Shire PLC ADR ADR 82481r106 $124 "2,000" SH SOLE None "2,000" Simon Property Group Common Stock 828806109 $111 "1,100" SH SOLE None "1,100" Sinopec ADR ADR 16941R108 $6 63 SH SOLE None 63 SK Telecom ADR ADR 78440P108 $132 "5,000" SH SOLE None "5,000" Sony ADS ADR 835699307 $128 "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 "$1,020" "38,000" SH SOLE None "38,000" St. Paul Companies Common Stock 792860108 $6 114 SH SOLE None 114 Stage Stores Common Stock 85254C305 $71 "2,325" SH SOLE None "2,325" Staples Common Stock 855030102 "$5,541" "207,516" SH SOLE None "207,516" Starbucks Common Stock 855244109 $71 "2,000" SH SOLE None "2,000" Stericycle Common Stock 858912108 $10 130 SH SOLE None 130 Suburban Propane Partners LP Common Stock 864482104 $8 200 SH SOLE None 200 SumTotal Systems Common Stock 866615107 $303 "50,000" SH SOLE None "50,000" Supreme Industries Common Stock 868607102 $104 "16,361" SH SOLE None "16,361" Symbol Technologies Common Stock 871508107 $151 "10,092" SH SOLE None "10,092" T. Rowe Price Group Inc. Common Stock 74144T108 $46 "1,050" SH SOLE None "1,050" Taiwan Semiconductor ADS ADR 874039100 "$5,328" "487,476" SH SOLE None "487,476" Target Common Stock 8.76E+110 $34 600 SH SOLE None 600 TCW Convertible Securities Fund Common Stock 872340104 $10 "1,875" SH SOLE None "1,875" Teekay LNG Partners LP Common Stock Y8564M105 $92 "2,750" SH SOLE None "2,750" Telecom Corp New Zealand ADS ADR 879278208 $571 "21,200" SH SOLE None "21,200" Telefonica SA ADS ADR 879382208 "$2,591" "40,642" SH SOLE None "40,642" "Telefonos de Mexico, Cl L ADS" ADR 879403780 $410 "14,500" SH SOLE None "14,500" Telephone & Data Sys 6.625% Pfd Preferred Stock 879433852 $54 "2,200" SH SOLE None "2,200" Telus Common Stock 87971M103 $230 "5,000" SH SOLE None "5,000" Telus Common Stock 87971M202 "$2,237" "50,075" SH SOLE None "50,075" Tenaris SA ADR ADR 88031M109 "$1,621" "32,500" SH SOLE None "32,500" Thoratec Common Stock 885175307 $59 "3,340" SH SOLE None "3,340" Toronto-Dominion Bank Common Stock 891160509 $419 "6,992" SH SOLE None "6,992" TOTAL SA ADS ADR 8.92E+113 $230 "3,200" SH SOLE None "3,200" Toyota Motor ADS ADR 892331307 "$5,519" "41,090" SH SOLE None "41,090" Transocean Sedco Forex Common Stock G90078109 $9 112 SH SOLE None 112 Transport de Gas del Sur S.A. ADS ADR 893870204 $12 "1,500" SH SOLE None "1,500" Trimble Navigation Common Stock 896239100 "$6,272" "123,635" SH SOLE None "123,635" UAL Corp Common Stock 902549807 $242 "5,500" SH SOLE None "5,500" Ultralife Batteries Common Stock S18978999 $110 "10,000" SH SOLE None "10,000" Unilever N.V. Common Stock 904784501 $95 "3,500" SH SOLE None "3,500" Unilever PLC ADS ADR 904767704 "$1,391" "50,000" SH SOLE None "50,000" "United Parcel Service, Cl B" Common Stock 911312106 "$8,258" "110,140" SH SOLE None "110,140" United States Steel Common Stock 912909108 "$2,414" "33,000" SH SOLE None "33,000" United Technologies Common Stock 913017109 "$1,726" "27,603" SH SOLE None "27,603" UnitedHealth Group Common Stock 91324P102 $148 "2,750" SH SOLE None "2,750" UPM-Kymmene Oyj ADS ADR 915436109 $88 "3,500" SH SOLE None "3,500" US Bancorp Common Stock 902973304 $52 "1,430" SH SOLE None "1,430" USEC Common Stock 9.03E+112 $118 "9,300" SH SOLE None "9,300" Valueclick Common Stock 92046N102 $13 550 SH SOLE None 550 Van Kampen Senior Income Trust Common Stock 920961109 $39 "4,389" SH SOLE None "4,389" VCA Antech Common Stock 918194101 "$3,274" "101,700" SH SOLE None "101,700" Verigy Ltd Common Stock Y93691106 "$1,350" "76,043" SH SOLE None "76,043" Vertical Communications Common Stock 924914104 $8 "10,000" SH SOLE None "10,000" Vodafone GRP ADS ADR 92857W209 "$2,007" "72,251" SH SOLE None "72,251" Votorantim Celulose ADS ADR 92906p106 $157 "8,000" SH SOLE None "8,000" Wachovia Corp Common Stock 929903102 $114 "2,000" SH SOLE None "2,000" Walgreen Common Stock 931422109 $157 "3,419" SH SOLE None "3,419" Washington Banking Company Common Stock 937303105 $105 "6,250" SH SOLE None "6,250" Washington Group Intl Common Stock 938862208 "$5,979" "100,000" SH SOLE None "100,000" Washington Mutual Common Stock 939322103 $683 "15,012" SH SOLE None "15,012" Weatherford International Common Stock 947074100 $52 "1,240" SH SOLE None "1,240" Wells Fargo & Co Common Stock 949746101 $40 "1,116" SH SOLE None "1,116" Weyerhaeuser Common Stock 962166104 "$2,005" "28,375" SH SOLE None "28,375" "Wiley (John) & Sons, Cl A" Common Stock 968223206 "$4,039" "105,000" SH SOLE None "105,000" Worthington Industries Common Stock 981811102 $492 "27,750" SH SOLE None "27,750" Wyeth Common Stock 983024100 "$4,733" "92,940" SH SOLE None "92,940" Yahoo! Common Stock 984332106 $31 "1,225" SH SOLE None "1,225" YRC Worldwide Common Stock 984249102 $2 60 SH SOLE None 60 "Zebra Technologies, Cl A" Common Stock 989207105 $28 817 SH SOLE None 817 Zimmer Holdings Common Stock 98956P102 "$5,589" "71,310" SH SOLE None "71,310" TOTAL "$520,510"
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