-----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, UjVSZbjsDs9uIjkPId1GnwVjKjMxZAg1LguQN1GV9orof2Mfq9Tf8yF+kgSYgeRf NnlOMIe5Ur1+mWsUqXh6JA== 0001316617-10-000004.txt : 20100512 0001316617-10-000004.hdr.sgml : 20100512 20100512170342 ACCESSION NUMBER: 0001316617-10-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100331 FILED AS OF DATE: 20100512 DATE AS OF CHANGE: 20100512 EFFECTIVENESS DATE: 20100512 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: 10825142 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 form13f20100331.txt SATURNA CAPITAL CORPORATION, Q1 HOLDINGS REPORT MARCH 2010 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F Form 13F Cover Page Report for the Quarter Ended: March 31, 2010 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: JANE CARTEN PRESIDENT (360) 734-9900 /s/ Jane Carten Bellingham, WA May 12, 2010 Report Type: 13F HOLDINGS REPORT FORM 13F SUMMARY PAGE Report Summary Number of other included managers: 0 Form 13F information table entry total: 442 Form 13F information table value total (thousands): $2,461 List of other included managers: None StName of Issuer Title of Class CUSIP Value*1000 Amount Type Discretion Other Man Voting Auth Calc. Price 3Com Common Stock 885535104 $479 "62,500" SH SOLE None 62500 7.67 3M Common Stock 88579Y101 "$16,862 " "201,767" SH SOLE None 201767 83.57 Abbott Laboratories Common Stock 2824100 "$20,741 " "393,716" SH SOLE None 393716 52.68 Accenture LTD-CL A Common Stock G1150G111 $122 "2,900" SH SOLE None 2900 41.95 Activision Common Stock 4930202 $173 "14,396" SH SOLE None 14396 12.05 Adobe Systems Common Stock 00724F101 "$21,962 " "620,920" SH SOLE None 620920 35.37 Advanced Micro Devices Common Stock 7903107 $185 "20,000" SH SOLE None 20000 9.27 Aegon NV Common Stock 7924103 $681 "100,000" SH SOLE None 100000 6.81 Agilent Technologies Common Stock 00846U101 "$26,619 " "774,022" SH SOLE None 774022 34.39 Air France-KLM ADR ADR 9119108 $391 "25,000" SH SOLE None 25000 15.65 Air Products & Chemicals Common Stock 9158106 "$14,790 " "200,000" SH SOLE None 200000 73.95 AK Steel Holding Common Stock 1547108 $229 "10,000" SH SOLE None 10000 22.86 Akamai Technologies Common Stock 00971T101 "$31,656 " "1,007,525" SH SOLE None 1007525 31.42 Alabama Power Co Common Stock 10392496 $126 "5,000" SH SOLE None 5000 25.25 Alabama Power Series JJ Preferred Stock 10392520 $26 "1,000" SH SOLE None 1000 26.47 Alaska Air Group Common Stock 11659109 $412 "10,000" SH SOLE None 10000 41.23 Alcatel-Lucent ADS ADR 13904305 $0 86 SH SOLE None 86 3.12 Alcoa Common Stock 13817101 $617 "43,355" SH SOLE None 43355 14.24 Allegiant Travel Common Stock 01748X102 $984 "17,000" SH SOLE None 17000 57.86 Amazon.com Common Stock 23135106 "$21,445 " "157,950" SH SOLE None 157950 135.77 Ameren Common Stock 23608102 $9 333 SH SOLE None 333 26.08 America Movil SAB de CV ADS ADR 02364W105 "$24,128 " "479,300" SH SOLE None 479300 50.34 American Eagle Outfitters Common Stock 2.55E+109 "$20,393 " "1,101,150" SH SOLE None 1101150 18.52 American Electric Power Common Stock 25537101 $4 120 SH SOLE None 120 34.18 American Oriental Bioengineering Common Stock 28731107 $432 "106,000" SH SOLE None 106000 4.08 AmerisourceBergen Corp Common Stock 3.07E+108 $3 110 SH SOLE None 110 28.92 Amgen Common Stock 31162100 "$24,291 " "405,944" SH SOLE None 405944 59.8375 AmSurg Common Stock 03232P405 $324 "15,000" SH SOLE None 15000 21.59 Anadarko Petroleum Common Stock 32511107 $123 "1,685" SH SOLE None 1685 72.83 Analog Devices Common Stock 32654105 $14 500 SH SOLE None 500 28.82 Anglo American PLC ADR ADR 03485P201 "$27,973 " "1,292,674" SH SOLE None 1292674 21.64 Aon Corp Common Stock 37389103 $178 "4,160" SH SOLE None 4160 42.71 Apache Common Stock 37411105 $54 532 SH SOLE None 532 101.5 Apartment Investment & Management Common Stock 03748R101 $110 "5,958" SH SOLE None 5958 18.41 Apartment Investment & Management Preferred Stock 03748r408 $28 "1,100" SH SOLE None 1100 25.41 Apple Common Stock 37833100 "$55,167 " "234,755" SH SOLE None 234755 235 Arch Coal Common Stock 39380100 "$14,898 " "652,000" SH SOLE None 652000 22.85 Archer-Daniels-Midland Common Stock 39483102 $4 125 SH SOLE None 125 28.9 Arkema ADS ADR 41232109 $1 17 SH SOLE None 17 37.08941176 ARM Holdings plc ADS ADR 42068106 $15 "1,451" SH SOLE None 1451 10.67 Asia Pacific Fund Common Stock 44901106 $8 757 SH SOLE None 757 9.95 AstraZeneca PLC ADS ADR 46353108 "$15,652 " "350,000" SH SOLE None 350000 44.72 AT&T Common Stock 00206R102 "$8,357 " "323,431" SH SOLE None 323431 25.84 Australia & New Zealand Banking ADS ADR 52528304 "$1,254 " "54,185" SH SOLE None 54185 23.14 Autodesk Common Stock 52769106 $24 800 SH SOLE None 800 29.38 Autoliv Common Stock 52800109 $8 153 SH SOLE None 153 51.53 Avery Dennison Common Stock 53611109 "$2,185 " "60,000" SH SOLE None 60000 36.41 Aviat Networks Common Stock 05366Y102 $5 793 SH SOLE None 793 6.63 Avista Common Stock 05379B107 $218 "10,550" SH SOLE None 10550 20.71 AXA SA ADS ADR 54536107 $397 "18,000" SH SOLE None 18000 22.04 Baidu.com ADR ADR 56752108 $60 100 SH SOLE None 100 597 Banco Bilbao Vizcaya Argentaria SA ADR 05946K101 $685 "50,000" SH SOLE None 50000 13.69 Banco Santander ADS ADR 05964H105 "$1,342 " "101,098" SH SOLE None 101098 13.27 Bank of America Common Stock 60505104 $30 "1,678" SH SOLE None 1678 17.85 Bank of East Asia S/ADR Common Stock 61874103 $0 39 SH SOLE None 39 3.683076923 Bank of New York Mellon Common Stock 64058100 $93 "3,018" SH SOLE None 3018 30.88 Banner Corporation Common Stock 06652V109 $192 "50,000" SH SOLE None 50000 3.84 Barrick Gold Common Stock 67901108 $959 "25,000" SH SOLE None 25000 38.34 BASF SE ADS ADR 55262505 "$8,999 " "144,450" SH SOLE None 144450 62.3 BCE Common Stock 05534B760 "$2,068 " "70,469" SH SOLE None 70469 29.35 "Becton, Dickinson & Co." Common Stock 75887109 "$16,533 " "210,000" SH SOLE None 210000 78.73 Bed Bath & Beyond Common Stock 75896100 "$11,435 " "261,319" SH SOLE None 261319 43.76 Best Buy Common Stock 86516101 "$34,492 " "810,817" SH SOLE None 810817 42.54 BG Group plc ADS ADR 55434203 "$1,215 " "14,000" SH SOLE None 14000 86.75 BHP Billiton ADS ADR 88606108 "$17,780 " "221,370" SH SOLE None 221370 80.32 Boston Scientific Common Stock 101137107 $3 400 SH SOLE None 400 7.22 BP PLC ADS ADR 55622104 "$24,150 " "423,159" SH SOLE None 423159 57.07 Brandywine Realty Trust Common Stock 105368203 $5 397 SH SOLE None 397 12.21 Bristol-Myers Squibb Common Stock 110122108 "$13,597 " "509,254" SH SOLE None 509254 26.7 Building Materials Common Stock 120113105 $0 "3,085" SH SOLE None 3085 0 Canadian National Railway Common Stock 136375102 "$21,619 " "356,800" SH SOLE None 356800 60.59 Canadian Pacific Railway Common Stock 13645T100 "$17,116 " "304,330" SH SOLE None 304330 56.24 Canon ADS ADR 138006309 "$19,733 " "427,030" SH SOLE None 427030 46.21 Capital One Financial Common Stock 14040H105 $4 100 SH SOLE None 100 41.41 Carlisle Common Stock 142339100 "$17,145 " "450,000" SH SOLE None 450000 38.1 Carmax Common Stock 143130102 $42 "1,680" SH SOLE None 1680 25.12 Caterpillar Common Stock 149123101 $41 660 SH SOLE None 660 62.85 Cenovus Energy Common Stock 15135U109 "$19,995 " "762,858" SH SOLE None 762858 26.21 Charles River Laboratories Common Stock 159864107 $59 "1,495" SH SOLE None 1495 39.31 Charles Schwab Common Stock 808513105 $467 "25,000" SH SOLE None 25000 18.69 Chemtura Common Stock 163893100 $1 465 SH SOLE None 465 1.37 Cheung Kong HLDG UNSP/ADR ADR 166744201 $4 328 SH SOLE None 328 12.8789939 ChevronTexaco Common Stock 166764100 $322 "4,247" SH SOLE None 4247 75.83 China Education Alliance Common Stock 16938Y207 $53 "10,000" SH SOLE None 10000 5.34 China Green Agriculture ADR 16943W105 $42 "3,000" SH SOLE None 3000 14.05 China Mobile ADS ADR 16941M109 "$26,081 " "542,000" SH SOLE None 542000 48.12 China Natural Gas Common Stock 168910206 $39 "4,000" SH SOLE None 4000 9.81 China Petroleum and Chemical ADR ADR 16941R108 $66 800 SH SOLE None 800 82.24 China Techfaith Wireless ADR ADR 169424108 $27 "10,000" SH SOLE None 10000 2.69 Chubb Common Stock 171232101 $402 "7,750" SH SOLE None 7750 51.85 Chunghwa Telecom ADR ADR 17133Q106 "$12,708 " "654,064" SH SOLE None 654064 19.43 Church & Dwight Common Stock 171340102 "$3,505 " "52,350" SH SOLE None 52350 66.95 Cia Paranaense de Energia -Copel ADR 20441B407 $31 "1,500" SH SOLE None 1500 20.48 Cisco Systems Common Stock 17275R102 "$28,987 " "1,113,588" SH SOLE None 1113588 26.03 Citigroup Common Stock 172967101 $2 500 SH SOLE None 500 4.05 Clorox Common Stock 189054109 "$24,053 " "375,000" SH SOLE None 375000 64.14 Coach Common Stock 189754104 "$28,249 " "714,800" SH SOLE None 714800 39.52 Coca-Cola Femsa SAB de CV ADS ADR 191241108 "$1,503 " "22,626" SH SOLE None 22626 66.45 Colgate-Palmolive Common Stock 194162103 "$17,137 " "201,000" SH SOLE None 201000 85.26 Comtech Communications Common Stock 205826209 $32 "1,000" SH SOLE None 1000 32.02 ConocoPhillips Common Stock 20825C104 "$15,922 " "311,152" SH SOLE None 311152 51.17 Consol Energy Common Stock 20854P109 "$23,463 " "550,000" SH SOLE None 550000 42.66 Convergys Common Stock 212485106 "$9,449 " "770,700" SH SOLE None 770700 12.26 Copa Holdings SA Common Stock P31076105 "$1,824 " "30,000" SH SOLE None 30000 60.8 Corning Common Stock 219350105 $6 300 SH SOLE None 300 20.21 Corp Office Props Trust CLASS H Preferred Stock 22002T603 $24 "1,000" SH SOLE None 1000 23.7 CORPORATE OFFICE PPTYS TR PFD SER J Preferred Stock 22002T702 $48 "2,000" SH SOLE None 2000 24 CPFL Energia S A ADR ADR 126153105 $914 "15,000" SH SOLE None 15000 60.94 Crane Common Stock 224399105 "$10,650 " "300,000" SH SOLE None 300000 35.50000003 Cree Common Stock 225447101 "$35,742 " "509,000" SH SOLE None 509000 70.22 CRH PLC ADS ADR 12626K203 $264 "10,600" SH SOLE None 10600 24.89 CVS Caremark Common Stock 126650100 "$25,958 " "710,000" SH SOLE None 710000 36.56 Danaher Common Stock 235851102 $29 360 SH SOLE None 360 79.91 DANONE ADS ADR 23636T100 "$4,908 " "410,674" SH SOLE None 410674 11.95 Dassault Systems SA ADR ADR 237545108 $296 "5,000" SH SOLE None 5000 59.2 DealerTrack Holdings Common Stock 242309102 $2 141 SH SOLE None 141 17.08 Dentsply International Common Stock 249030107 "$20,975 " "601,340" SH SOLE None 601340 34.88 Desarrolladora Homex ADR ADR HXM30W109 $23 800 SH SOLE None 800 28.28 Devon Energy Common Stock 25179M103 $451 "7,000" SH SOLE None 7000 64.43 Diebold Common Stock 253651103 $25 800 SH SOLE None 800 31.76 Disney (Walt) Common Stock 254687106 $9 260 SH SOLE None 260 34.91 Dominion Resources Inc./VA Common Stock 25746U109 $5 120 SH SOLE None 120 41.11 Donnelley (RR) & Sons Common Stock 257867101 $242 "11,337" SH SOLE None 11337 21.35 Dow Chemical Common Stock 260543103 $69 "2,342" SH SOLE None 2342 29.57 Dr Pepper Snapple Common Stock 2.61E+113 $563 "16,000" SH SOLE None 16000 35.17 Dr. Reddy's Laboratories ADR ADR 256135203 $85 "3,000" SH SOLE None 3000 28.23 Dreamworks Animation Common Stock 26153C103 $13 330 SH SOLE None 330 39.4 Duke Energy Common Stock 26441C105 $294 "18,017" SH SOLE None 18016.672 16.32000016 Duke Realty Common Stock 264411505 $303 "24,407" SH SOLE None 24407.222 12.39999989 Dun & Bradstreet Common Stock 2.65E+104 "$9,870 " "132,620" SH SOLE None 132620 74.42 E.ON AG ADS ADR 268780103 "$7,551 " "204,695" SH SOLE None 204695 36.89 E*TRADE Financial Common Stock 269246104 $248 "150,000" SH SOLE None 150000 1.6525 Earthlink Common Stock 270321102 $40 "4,700" SH SOLE None 4700 8.54 Edison International Common Stock 281020107 $37 "1,080" SH SOLE None 1080 34.17 EI Du Pont de Nemours Common Stock 263534109 "$8,995 " "241,550" SH SOLE None 241550 37.24 Eli Lilly Common Stock 532457108 "$32,681 " "902,300" SH SOLE None 902300 36.22 EMCOR Common Stock 29084Q100 "$14,778 " "600,000" SH SOLE None 600000 24.63 Emerson Electric Common Stock 291011104 "$17,619 " "350,000" SH SOLE None 350000 50.34 Empire District Electric Common Stock 291641108 $7 400 SH SOLE None 400 18.02 Empresa Brasileira de Aeronautica ADR 29081M102 $152 "6,342" SH SOLE None 6342 23.96 Emulex Common Stock 292475209 $13 "1,000" SH SOLE None 1000 13.28 Enbridge Energy Partners LP Common Stock 29250R106 $595 "11,760" SH SOLE None 11760 50.57 EnCana Common Stock 292505104 "$29,055 " "936,358" SH SOLE None 936358 31.03 Energen Common Stock 29265N108 "$9,306 " "200,000" SH SOLE None 200000 46.53 Enersis SA ADS ADR 29274F104 "$1,299 " "65,000" SH SOLE None 65000 19.99 "Entergy Arknsas Inc, Prf 6.70%" Preferred Stock 29364D811 $54 "2,000" SH SOLE None 2000 27 Entergy MISS 1st MTG Preferred Stock 29364N876 $25 "1,000" SH SOLE None 1000 25.31 Expedia Inc. - Cl A Common Stock 30212P105 $28 "1,122" SH SOLE None 1122 24.95 Express Scripts Common Stock 302182100 "$25,573 " "251,304" SH SOLE None 251304 101.76 Exxon Mobil Common Stock 30231G102 "$17,561 " "262,182" SH SOLE None 262182 66.98 Fair Issac & Co Common Stock 303250104 $46 "1,806" SH SOLE None 1806 25.34 FairPoint Communications Common Stock 305560104 $0 26 SH SOLE None 26 0.028846154 Fastenal Common Stock 311900104 "$7,564 " "157,620" SH SOLE None 157620 47.99 Fibria Celulose SA ADR 31573A109 $996 "45,500" SH SOLE None 45500 21.88 Fiserv Common Stock 337738108 $23 450 SH SOLE None 450 50.76 Flextronics International Common Stock 300999109 $8 "1,000" SH SOLE None 1000 7.84 FLIR Systems Common Stock 302445101 $56 "2,000" SH SOLE None 2000 28.18 Fomento Economico Mex ADS ADR 344419106 $951 "20,000" SH SOLE None 20000 47.53 FPL Common Stock 302571104 "$9,004 " "186,306" SH SOLE None 186306 48.33 FPL GROUP CAP INC GTD JR SUB DEB Preferred Stock 302570601 $58 "2,000" SH SOLE None 2000 28.89 FPL Group Capital Trust I Preferred Stock 30257v207 $28 "1,100" SH SOLE None 1100 25.07 Freeport-McMoRan Copper & Gold Common Stock 35671D857 "$9,787 " "117,151" SH SOLE None 117151 83.54 FTI Consulting Common Stock 302941109 $197 "5,000" SH SOLE None 5000 39.32 Furrs Restaurant Group Common Stock 361115603 $0 2 SH SOLE None 2 0 Gabelli Dividend & Income Trust Common Stock 36242H104 $14 "1,000" SH SOLE None 1000 13.76 Gartner Common Stock 366651107 "$3,368 " "151,441" SH SOLE None 151441 22.24 GDF Suez ADR 36160B105 $5 125 SH SOLE None 125 38.66904 General Electric Common Stock 369604103 $425 "23,367" SH SOLE None 23367 18.2 General Mills Common Stock 370334104 "$21,325 " "301,244" SH SOLE None 301244 70.79 Genpact Limited Common Stock G3922B107 $67 "4,000" SH SOLE None 4000 16.76 Gentex Common Stock 371901109 "$6,797 " "350,000" SH SOLE None 350000 19.42 Genuine Parts Common Stock 372460105 "$20,125 " "476,450" SH SOLE None 476450 42.24 Genzyme Common Stock 372917104 "$19,030 " "367,157" SH SOLE None 367157 51.83 Georgia Gulf Common Stock 373200203 $0 9 SH SOLE None 9 18.49 Georgia Power CO Cl A PFD 6.125% Preferred Stock 373334473 $100 "4,000" SH SOLE None 4000 25.12 Gilead Sciences Common Stock 375558103 $209 "4,600" SH SOLE None 4600 45.47 GlaxoSmithKline PLC ADS ADR 37733W105 "$14,898 " "386,748" SH SOLE None 386748 38.52 Global Payments Inc Common Stock 37940X102 $17 382 SH SOLE None 382 45.55 Google Common Stock 38259P508 "$25,543 " "45,040" SH SOLE None 45040 567.12 GPC May 40 Call "Option, equity" 3.72E+06 ($3) 11 CALL SOLE None 11 -280 Grainger (W.W) Common Stock 384802104 "$16,391 " "151,600" SH SOLE None 151600 108.12 Great Plains Energy Inc. Common Stock 391164100 $4 197 SH SOLE None 197 18.57 Green Mountain Coffee Roasters Common Stock 393122106 $160 "1,650" SH SOLE None 1650 96.87 Hain Celestial Group Common Stock 405217100 $83 "4,800" SH SOLE None 4800 17.38 Halliburton Common Stock 406216101 $4 120 SH SOLE None 120 30.13 Hanesbrands Common Stock 410345102 $2 55 SH SOLE None 55 27.82 Hansen Natural Common Stock 411310105 "$18,944 " "436,700" SH SOLE None 436700 43.38 Harman International Industries Common Stock 413086109 $103 "2,200" SH SOLE None 2200 46.78 Harris Common Stock 413875105 "$23,923 " "503,750" SH SOLE None 503750 47.49 Health Care Property Common Stock 42217K106 $14 302 SH SOLE None 302 45.23 Health Care Property Investors Common Stock 421915109 $13 381 SH SOLE None 381 33 Heinz (H.J.) Common Stock 423074103 $46 "1,000" SH SOLE None 1000 45.61 Hewlett-Packard Common Stock 428236103 "$31,870 " "599,630" SH SOLE None 599630 53.15 Home Depot Common Stock 437076102 $14 425 SH SOLE None 425 32.35 Honeywell International Common Stock 438516106 "$10,724 " "236,895" SH SOLE None 236895 45.27 Hospira Common Stock 441060100 $340 "6,006" SH SOLE None 6006 56.65 Hospitality Properties Trust Common Stock 44106M102 $23 950 SH SOLE None 950 23.95 HSBC Holdings plc ADS ADR 404280406 $57 "1,122" SH SOLE None 1122 50.69 HSN Common Stock 404303109 $7 224 SH SOLE None 224 29.44 Humana Common Stock 444859102 "$30,644 " "655,207" SH SOLE None 655207 46.77 Hutchison Whampoa ADR ADR 448415208 $3 77 SH SOLE None 77 36.57597403 IAC/InterActiveCorp Common Stock 44919P300 $13 561 SH SOLE None 561 22.78 ICICI Bank Ltd ADS ADR 45104G104 "$1,281 " "30,000" SH SOLE None 30000 42.7 Idacorp Common Stock 451107106 $791 "22,850" SH SOLE None 22850 34.62 Idearc INC Common Stock 451663108 $0 "1,000" SH SOLE None 1000 0 Illinois Tool Works Common Stock 452308109 "$14,426 " "304,600" SH SOLE None 304600 47.36 Impala Platinum Holdings ADS ADR 452553308 $44 "1,500" SH SOLE None 1500 29.15 Infosys ADS ADR 456788108 "$22,554 " "383,500" SH SOLE None 383500 58.81 ING Groep NV ADS ADR 456837103 $954 "95,820" SH SOLE None 95820 9.96 Integrated Device Technology Common Stock 458118106 $25 "4,030" SH SOLE None 4030 6.13 Intel Common Stock 458140100 "$40,171 " "1,802,220" SH SOLE None 1802220 22.29 International Business Machines Common Stock 459200101 "$30,617 " "238,727" SH SOLE None 238727 128.25 Interval Leisure Group Common Stock 46113M108 $3 224 SH SOLE None 224 14.56 Intuit Common Stock 461202103 "$25,137 " "732,424" SH SOLE None 732424 34.32 "Inverness Medical Innov, cv pfd B" Convt Prefrd Stock 46126P304 $50 187 SH SOLE None 187 267 Iron Mountain Common Stock 462846106 $12 442 SH SOLE None 442 27.4 ishares Russell 2000 Common Stock 464287655 $32 476 SH SOLE None 476 67.80298319 J.C. Penney Company Common Stock 708160106 $14 444 SH SOLE None 444 32.17 JAKKS Pacific Common Stock 4.70E+110 "$2,616 " "200,000" SH SOLE None 200000 13.08 JM Smucker Common Stock 832696405 "$15,066 " "250,010" SH SOLE None 250010 60.26 John Wiley & Sons Common Stock 968223206 "$4,674 " "108,000" SH SOLE None 108000 43.28 Johnson & Johnson Common Stock 478160104 "$43,175 " "662,195" SH SOLE None 662195 65.2 Johnson Controls Common Stock 478366107 "$16,495 " "500,000" SH SOLE None 500000 32.99 JP Morgan Chase & Co Common Stock 46625H100 $193 "4,322" SH SOLE None 4322 44.75 KB Home Common Stock 48666K109 $348 "20,775" SH SOLE None 20775 16.75 Kellogg Common Stock 487836108 "$14,760 " "276,250" SH SOLE None 276250 53.43 KeyCorp Common Stock 493267108 $10 "1,272" SH SOLE None 1272 7.75 Kimberly-Clark Common Stock 494368103 "$12,693 " "201,860" SH SOLE None 201860 62.88 Kinder Morgan Energy Partners Common Stock 494550106 $203 "3,100" SH SOLE None 3100 65.42 Knight Transportation Common Stock 499064103 $26 "1,237" SH SOLE None 1237 21.09 Kohl's Common Stock 500255104 $27 500 SH SOLE None 500 54.78 Korea Electric Power ADS ADR 500631106 $325 "20,000" SH SOLE None 20000 16.24 LaCrosse Footwear Common Stock 505688101 $77 "5,000" SH SOLE None 5000 15.35 LAN Airlines SA ADS ADR 501723100 "$8,993 " "509,500" SH SOLE None 509500 17.65 Life Technologies Common Stock 53217V109 $19 363 SH SOLE None 363 52.27 Lifepoint Hospitals Common Stock 53219L109 $21 581 SH SOLE None 581 36.82502582 Lihir Gold Limited ADS ADR 532349107 "$1,549 " "55,000" SH SOLE None 55000 28.16 Lincoln Electric Holdings Common Stock 533900106 "$11,116 " "204,600" SH SOLE None 204600 54.33 Lincoln National Common Stock 534187109 $5 177 SH SOLE None 177 30.7 Lockheed Martin Common Stock 539830109 $33 400 SH SOLE None 400 83.22 LoopNet Common Stock 543524300 $225 "20,000" SH SOLE None 20000 11.24 Lowe's Common Stock 548661107 "$17,400 " "717,828" SH SOLE None 717828 24.24 Manitowoc Common Stock 563571108 $8 600 SH SOLE None 600 13 McGraw-Hill Common Stock 580645109 "$25,859 " "725,356" SH SOLE None 725356 35.65 Mead Johnson Nutrition-A Common Stock 582839106 $375 "7,205" SH SOLE None 7205 52.03 Medco Health Solutions Common Stock 58405U102 $130 "2,014" SH SOLE None 2014 64.56 Medtronic Common Stock 585055106 "$6,944 " "154,200" SH SOLE None 154200 45.03 Merck & Co Common Stock 589331107 $288 "7,708" SH SOLE None 7708 37.35 Methanex Common Stock 59151K108 "$7,293 " "300,000" SH SOLE None 300000 24.31 Metso Oyj ADS ADR 592671101 $571 "17,100" SH SOLE None 17100 33.4 Microchip Technology Common Stock 595017104 "$11,464 " "407,100" SH SOLE None 407100 28.16 Microsoft Common Stock 594918104 "$17,754 " "606,209" SH SOLE None 606209 29.28750004 Millicom Intl Cellular SA Common Stock L6388F110 $54 603 SH SOLE None 603 89.15 Mindray Medical International ADR ADR 602675100 $55 "1,500" SH SOLE None 1500 36.42 Mitsubishi UFJ Financial ADR ADR 606822104 "$1,046 " "200,000" SH SOLE None 200000 5.23 Monsanto Common Stock 61166W101 $43 600 SH SOLE None 600 71.42 Moody's Common Stock 615369105 $300 "10,081" SH SOLE None 10081 29.75 Morningstar Common Stock 617700109 $48 "1,000" SH SOLE None 1000 48.09 Motorola Common Stock 620076109 $20 "2,873" SH SOLE None 2873 7.02 MS Structured Asset Preferred Stock 86360Y207 $179 "7,000" SH SOLE None 7000 25.51 MTN Group LTD Common Stock S6563206L $24 "1,600" SH SOLE None 1600 15.22491875 Mylan Laboratories Common Stock 628530107 $4 180 SH SOLE None 180 22.71 National Fuel Gas Common Stock 636180101 "$6,572 " "130,000" SH SOLE None 130000 50.55 National Grid PLC ADS ADR 636274102 $98 "2,000" SH SOLE None 2000 48.75 National Rural Utitlity Preferred Stock 637432709 $26 "1,000" SH SOLE None 1000 25.65 Nestle's S.A. Common Stock 641069406 $44 852 SH SOLE None 852 51.30400235 News Corporation Common Stock 6.52E+108 $5 330 SH SOLE None 330 14.41 Nidec ADR ADR 654090109 $348 "13,000" SH SOLE None 13000 26.79 Nike Common Stock 654106103 "$22,859 " "311,000" SH SOLE None 311000 73.5 Nintendo ADR 654445303 $712 "17,086" SH SOLE None 17086 41.65 NiSource Common Stock 65473P105 $6 387 SH SOLE None 387 15.8 Nissan Motor ADS ADR 654744408 $820 "47,700" SH SOLE None 47700 17.2 Noble Common Stock H5833N103 "$28,352 " "677,950" SH SOLE None 677950 41.82 Noble Energy Common Stock 655044105 $16 218 SH SOLE None 218 73 Nokia Corp ADS ADR 654902204 $2 100 SH SOLE None 100 15.54 Nomura Holdings ADR ADR 65535h208 $225 "30,700" SH SOLE None 30700 7.33 Nordstrom Common Stock 655664100 $212 "5,200" SH SOLE None 5200 40.85 Norfolk Southern Common Stock 655844108 "$19,981 " "357,500" SH SOLE None 357500 55.89 Norsk Hydro ASA ADS ADR 656531605 $15 "2,000" SH SOLE None 2000 7.45 Northern Trust Common Stock 665859104 $55 "1,000" SH SOLE None 1000 55.26 Novartis AG ADR ADR 66987V109 "$40,998 " "757,817" SH SOLE None 757817 54.1 Novo Nordisk A/S ADS ADR 670100205 "$16,800 " "217,839" SH SOLE None 217839 77.12 NRG Energy Common Stock 629377508 $234 "11,200" SH SOLE None 11200 20.9 Nucor Common Stock 670346105 "$6,604 " "145,530" SH SOLE None 145530 45.38 Old Dominion Freight Line Common Stock 679580100 $7 200 SH SOLE None 200 33.39 Omincom Group Common Stock 681919106 $4 100 SH SOLE None 100 38.81 Oracle Common Stock 68389X105 "$31,830 " "1,238,038" SH SOLE None 1238038 25.71 Orient-Express Hotels Common Stock G67743107 "$1,876 " "132,300" SH SOLE None 132300 14.18 Oshkosh Truck Common Stock 688239201 $24 600 SH SOLE None 600 40.34 Pacific Financial Common Stock 694275108 $13 "3,504" SH SOLE None 3504 3.6 PAREXEL International Common Stock 699462107 $93 "4,000" SH SOLE None 4000 23.31 Parker Hannifin Common Stock 701094104 "$17,842 " "275,600" SH SOLE None 275600 64.74 Patterson - UTI Energy Common Stock 703481101 $101 "7,200" SH SOLE None 7200 13.97 Patterson Companies Common Stock 703395103 $11 350 SH SOLE None 350 31.05 Peabody Energy Common Stock 704549104 $3 57 SH SOLE None 57 45.7 Pearson PLC ADS ADR 705015105 "$6,190 " "394,490" SH SOLE None 394490 15.69 Pennsylvania REIT Common Stock 709102107 $4 350 SH SOLE None 350 12.47 PepsiCo Common Stock 713448108 "$45,747 " "691,463" SH SOLE None 691463 66.16 Petroleo Brasileiro ADR ADR 71654V408 $191 "4,300" SH SOLE None 4300 44.5 PetSmart Common Stock 716768106 "$19,635 " "614,360" SH SOLE None 614360 31.96 Pfizer Common Stock 717081103 "$24,840 " "1,448,395" SH SOLE None 1448395 17.15000001 Pharmaceutical Product Development Common Stock 717124101 $502 "21,150" SH SOLE None 21150 23.74 Piedmont Natural Gas Common Stock 720186105 "$1,875 " "68,000" SH SOLE None 68000 27.58 PIMCO Commercial Mortgage Secs Common Stock 693388100 $10 "1,000" SH SOLE None 1000 9.55 Pitney Bowes Common Stock 724479100 $9 350 SH SOLE None 350 24.45 Plum Creek Timber Common Stock 729251108 "$2,413 " "62,007" SH SOLE None 62007 38.91 PNC Bank Common Stock 693475105 $42 705 SH SOLE None 705 59.7 Polycom Common Stock 73172K104 $50 "1,630" SH SOLE None 1630 30.58 Potash Corp of Saskatchewan Common Stock 73755L107 "$28,716 " "240,600" SH SOLE None 240600 119.35 PPG Industries Common Stock 693506107 "$6,540 " "100,000" SH SOLE None 100000 65.4 Praxair Common Stock 74005P104 "$18,362 " "221,225" SH SOLE None 221225 83 Precision Drilling Common Stock 74022D100 $23 "2,970" SH SOLE None 2970 7.67 Procter & Gamble Common Stock 742718109 "$19,633 " "310,302" SH SOLE None 310302 63.27 PT Indosat Tbk ADR ADR 744383100 $152 "5,000" SH SOLE None 5000 30.46 Public Storage International Common Stock 74460D109 $103 "1,119" SH SOLE None 1119 91.99 Qualcomm Common Stock 747525103 "$25,793 " "614,714" SH SOLE None 614714 41.96 Quest Diagnostics Common Stock 74834L100 $3 49 SH SOLE None 49 58.29 Quimica y Minera Chile S.A. ADS ADR 833635105 $34 900 SH SOLE None 900 37.39 Raymond James Financial Common Stock 754730109 $191 "7,138" SH SOLE None 7138 26.74 Raytheon Common Stock 755111507 $397 "6,944" SH SOLE None 6944 57.12 RealNetworks Common Stock 75605L104 $4 800 SH SOLE None 800 4.83 Red Lion Hotels Common Stock 756764106 $361 "50,000" SH SOLE None 50000 7.22 Regal-Beloit Common Stock 758750103 "$14,891 " "250,650" SH SOLE None 250650 59.41 Regions Financial Common Stock 7591EP100 $10 "1,329" SH SOLE None 1329 7.85 Repsol YPF SA ADS ADR 76026T205 "$1,585 " "66,638" SH SOLE None 66638 23.78 Rio Tinto PLC ADS ADR 767204100 "$21,231 " "358,744" SH SOLE None 358744 59.1825 Ritchie Bros Auctioneers Common Stock 767744105 "$5,016 " "233,000" SH SOLE None 233000 21.53 Rockwell Automation Common Stock 773903109 "$14,090 " "250,000" SH SOLE None 250000 56.36 Rogers Communications Common Stock 775109200 "$6,834 " "200,249" SH SOLE None 200249 34.13 Royal Dutch Shell PLC ADR 780259206 $58 "1,000" SH SOLE None 1000 57.86 RPM International Common Stock 749685103 "$3,863 " "181,000" SH SOLE None 181000 21.34 Ryanair Holdings plc ADS ADR 783513104 $543 "20,000" SH SOLE None 20000 27.17 SanDisk Common Stock 80004C101 "$4,675 " "135,000" SH SOLE None 135000 34.63 Sanmina Common Stock 800907107 $7 405 SH SOLE None 405 16.5 Sanofi-Aventis ADR ADR 80105N105 $14 363 SH SOLE None 363 37.36 SAP AG ADS ADR 803054204 "$7,804 " "162,000" SH SOLE None 162000 48.17 Sara Lee Common Stock 803111103 $6 444 SH SOLE None 444 13.93 Sasol Ltd ADS ADR 803866300 $41 "1,000" SH SOLE None 1000 41.27 "Saturn Goodrich, Series 2002 pfd" Preferred Stock 80410V206 $28 "1,100" SH SOLE None 1100 25.23 Saturns Dpl Inc Bkd Ser 2002 3 Tr. Preferred Stock 80410A202 $25 "1,000" SH SOLE None 1000 25.22 Saturns Hertz Corp Series 2003-8 Preferred Stock 804115202 $12 500 SH SOLE None 500 24.5 Schlumberger Ltd Common Stock 806857108 $150 "2,360" SH SOLE None 2360 63.46 SE April 22.5 Call "Option, equity" 1212039J0 ($1) 20 CALL SOLE None 20 -40 Seagate Technology Common Stock G7945J104 "$4,624 " "253,250" SH SOLE None 253250 18.26 Sempra Energy Common Stock 816851109 "$2,365 " "47,390" SH SOLE None 47390 49.9 Semtech Common Stock 816850101 $23 "1,330" SH SOLE None 1330 17.43 Shire PLC ADR ADR 82481r106 "$1,320 " "20,000" SH SOLE None 20000 66.01 Simon Property Group Common Stock 828806109 $96 "1,147" SH SOLE None 1147 83.9 Singapore Telecom ADR ADR 82929R304 $35 "1,555" SH SOLE None 1555 22.674 SK Telecom ADR ADR 78440P108 "$3,970 " "230,000" SH SOLE None 230000 17.26 Source Capital $2.40 pfd Preferred Stock 836144204 $9 260 SH SOLE None 260 34.035 Southern Copper Common Stock 84265V105 $63 "2,000" SH SOLE None 2000 31.67 Southwest Airlines Common Stock 844741108 $13 "1,000" SH SOLE None 1000 13.22 SPDR S&P Midcap 400 ETF Common Stock 78467Y107 $28 198 SH SOLE None 198 143.16 Spectra Energy Common Stock 847560109 $486 "21,558" SH SOLE None 21558 22.53 Stage Stores Common Stock 85254C305 $54 "3,487" SH SOLE None 3487 15.39 Stanley Black & Decker Common Stock 854502101 "$3,173 " "55,271" SH SOLE None 55271 57.41 Staples Common Stock 855030102 "$9,539 " "407,516" SH SOLE None 407516 23.4075 State Street Corp Common Stock 857477103 $17 377 SH SOLE None 377 45.14 StatoilHydro ASA ADS ADR 85771P102 $751 "32,176" SH SOLE None 32176 23.33 Stericycle Common Stock 858912108 $14 260 SH SOLE None 260 54.5 Sterlite Industries ADR ADR 859737207 $37 "2,000" SH SOLE None 2000 18.61 streetTRACKS Gold Trust Common Stock 863307104 $37 337 SH SOLE None 337 108.95 Stryker Common Stock 863667101 "$5,722 " "100,000" SH SOLE None 100000 57.22 Suburban Propane Partners LP Common Stock 864482104 $237 "5,000" SH SOLE None 5000 47.49 Suncor Energy Common Stock 867224107 "$14,721 " "452,400" SH SOLE None 452400 32.54 SunPower Common Stock 867652109 $20 "1,050" SH SOLE None 1050 18.77 Swire Pac LTD ADR 870794302 $2 169 SH SOLE None 169 12.02899408 Synchronoss Technologies Common Stock 87157B103 $290 "15,000" SH SOLE None 15000 19.34 T. Rowe Price Group Inc. Common Stock 74144T108 $58 "1,050" SH SOLE None 1050 54.97 Taiwan Semiconductor ADS ADR 874039100 "$17,522 " "1,670,397" SH SOLE None 1670397 10.49 Target Common Stock 8.76E+110 $32 600 SH SOLE None 600 52.6 Tata Motors Limited ADS ADR 876568502 $112 "6,042" SH SOLE None 6042 18.46 TCW Convertible Securities Fund Common Stock 872340104 $9 "1,875" SH SOLE None 1875 4.71 Teck Resources LTD Common Stock 878742204 "$8,712 " "200,000" SH SOLE None 200000 43.56 Teekay LNG Partners LP Common Stock Y8564M105 $213 "7,150" SH SOLE None 7150 29.85 Telecom New Zealand ADS ADR 879278208 $187 "24,266" SH SOLE None 24266 7.72 Telecommunicacoes de Sao Paulo ADR ADR 87929A102 $26 "1,200" SH SOLE None 1200 21.76 Telefonica SA ADS ADR 879382208 "$1,275 " "17,937" SH SOLE None 17937 71.1 Telefonos de Mexico SAB de CV ADS ADR 879403780 $605 "38,800" SH SOLE None 38800 15.6 Telekom Austria AG ADR ADR 87943Q109 $4 148 SH SOLE None 148 28.00898649 Telekomunikasi Indonesia ADS ADR 715684106 $36 "1,000" SH SOLE None 1000 35.76 Telemex International SAB de CV ADR Common Stock 879690105 $193 "10,000" SH SOLE None 10000 19.28 Telenor ASA ADR ADR 87944W105 $9 226 SH SOLE None 226 40.73699115 Telephone & Data Sys 6.625% Pfd Preferred Stock 879433852 $51 "2,100" SH SOLE None 2100 24.17 Telstra ADR ADR 87969N204 "$1,375 " "100,000" SH SOLE None 100000 13.75 Telus Common Stock 87971M103 $179 "5,000" SH SOLE None 5000 35.82 Telus Common Stock 87971M202 "$5,344 " "149,200" SH SOLE None 149200 35.82 Tenaris SA ADR ADR 88031M109 "$4,874 " "113,500" SH SOLE None 113500 42.94 Teva Pharmaceutical Industries ADS ADR 881624209 "$2,192 " "34,752" SH SOLE None 34752 63.08 TJX Companies Common Stock 872540109 "$10,630 " "250,000" SH SOLE None 250000 42.52 Tomkins PLC ADS ADR 890030208 "$1,435 " "100,750" SH SOLE None 100750 14.24 Toronto-Dominion Bank Common Stock 891160509 "$1,450 " "19,442" SH SOLE None 19442 74.58 Total SA ADS ADR 8.92E+113 "$19,245 " "331,700" SH SOLE None 331700 58.02 Toyota Motor ADS ADR 892331307 $72 890 SH SOLE None 890 80.42 Transocean Common Stock G90073100 $7 78 SH SOLE None 78 86.38 Travelcenters of America Common Stock 894174101 $0 95 SH SOLE None 95 3.54 Travelers Cos Inc Common Stock 8.94E+113 $2 28 SH SOLE None 28 53.94 Tree.com Common Stock 894675107 $0 37 SH SOLE None 37 9.15 Trimble Navigation Common Stock 896239100 "$23,759 " "827,270" SH SOLE None 827270 28.72 TSM April 2010 Call 10 "Option, equity" 8740399D0 ($3) 45 CALL SOLE None 45 -60 Turkcell Iletisim Hizmetleri ADR ADR 900111204 "$4,089 " "271,500" SH SOLE None 271500 15.06 Ultralife Batteries Common Stock S18978999 $40 "10,000" SH SOLE None 10000 4.01 Unilever N.V. Common Stock 904784501 $187 "6,184" SH SOLE None 6184 30.16 Unilever PLC ADS ADR 904767704 "$8,013 " "273,681" SH SOLE None 273681 29.28 United Parcel Service Common Stock 911312106 "$46,403 " "720,424" SH SOLE None 720424 64.41 United States Steel Common Stock 912909108 "$16,071 " "253,000" SH SOLE None 253000 63.52 United Technologies Common Stock 913017109 "$18,477 " "251,015" SH SOLE None 251015 73.61 UnitedHealth Common Stock 91324P102 $197 "6,025" SH SOLE None 6025 32.67 UPM-Kymmene Oyj ADS ADR 915436109 $46 "3,500" SH SOLE None 3500 13.17 US Bancorp Common Stock 902973304 $37 "1,430" SH SOLE None 1430 25.88 USEC Common Stock 9.03E+112 $19 "3,350" SH SOLE None 3350 5.77 USG Common Stock 903293405 $1 64 SH SOLE None 64 17.16 Vale SA-SP ADR ADR 9.19E+109 "$1,980 " "61,500" SH SOLE None 61500 32.19 Valero Energy Common Stock 91913Y100 $1 62 SH SOLE None 62 19.7 VCA Antech Common Stock 918194101 "$15,957 " "569,300" SH SOLE None 569300 28.03 Verigy Common Stock Y93691106 $12 "1,043" SH SOLE None 1043 11.18 Verizon Communications Common Stock 92343V104 $9 295 SH SOLE None 295 31.02 Viasystems Group Common Stock 92553H803 $5 226 SH SOLE None 226 21.73 Visa Common Stock 92826C839 $273 "3,000" SH SOLE None 3000 91.03 Vodafone Group PLC ADS ADR 92857W209 "$7,074 " "303,487" SH SOLE None 303487 23.31 Walgreen Common Stock 931422109 $64 "1,725" SH SOLE None 1725 37.09 Washington Banking Common Stock 937303105 $126 "10,000" SH SOLE None 10000 12.59 Waste Connections Common Stock 941053100 $11 331 SH SOLE None 331 33.96 Watson Pharmaceuticals Common Stock 942683103 $5 119 SH SOLE None 119 41.77 Weatherford International Common Stock 947074100 $41 "2,580" SH SOLE None 2580 15.86 Wells Fargo & Co Common Stock 949746101 $78 "2,514" SH SOLE None 2514 31.12 Western Digital Common Stock 958102105 $48 "1,220" SH SOLE None 1220 38.99 Weyerhaeuser Common Stock 962166104 $551 "12,175" SH SOLE None 12175 45.27 Whirlpool Common Stock 963320106 $6 72 SH SOLE None 72 87.25 Williams Companies Common Stock 969457100 $69 "3,000" SH SOLE None 3000 23.1 Williams Partners LP Common Stock 96950F104 $80 "2,000" SH SOLE None 2000 40.23 Wilmington Trust Corporation Common Stock 971807102 $22 "1,334" SH SOLE None 1334 16.57 Wolverine World Wide Common Stock 978097103 $15 517 SH SOLE None 517 29.16 WOR April 2010 Call 17.5 "Option, equity" 1212329H7 ($2) 30 CALL SOLE None 30 -60 Worthington Industries Common Stock 981811102 $65 "3,750" SH SOLE None 3750 17.29 Wright Express Corp Common Stock 98233Q105 $10 322 SH SOLE None 322 30.12 Xcel Energy Inc Common Stock 98389B100 $4 172 SH SOLE None 172 21.2 Xilinx Common Stock 983919101 "$12,750 " "500,000" SH SOLE None 500000 25.5 "Zebra Technologies, Cl A" Common Stock 989207105 $24 817 SH SOLE None 817 29.6 Zimmer Common Stock 98956P102 "$13,393 " "226,239" SH SOLE None 226239 59.2 ZON Multimedia Spon ADR 69366K207 $0 42 SH SOLE None 42 5.135952381 TOTAL "$2,461,534 "
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