0000884314-11-000002.txt : 20110513
0000884314-11-000002.hdr.sgml : 20110513
20110513120748
ACCESSION NUMBER: 0000884314-11-000002
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110331
FILED AS OF DATE: 20110513
DATE AS OF CHANGE: 20110513
EFFECTIVENESS DATE: 20110513
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BLUESTEIN R H & CO
CENTRAL INDEX KEY: 0000884314
IRS NUMBER: 382953545
STATE OF INCORPORATION: MI
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-03073
FILM NUMBER: 11839101
BUSINESS ADDRESS:
STREET 1: 260 EAST BROWN STREET SUITE 100
CITY: BIRMINGHAM
STATE: MI
ZIP: 48009
BUSINESS PHONE: 2486464000
MAIL ADDRESS:
STREET 1: 260 EAST BROWN STREET SUITE 100
CITY: BIRMINGHAM
STATE: MI
ZIP: 48009
13F-HR
1
filing033111.txt
13F-HR FILING FOR MARCH 31, 2011
Main Page (1)
TYPE 13F-HR
PERIOD 03/31/11
FILER
CIK 0000884314
CCC oswv@o8w
SUBMISSION-CONTACT
NAME Michele Payment
PHONE 248-646-4000
The text of the document to be attached on the Documents Page includes
the following information in an ASCII text file:
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2011
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: R.H. Bluestein & Company
Address: 260 East Brown Street, Suite 100
Birmingham, MI 48009
13-F File Number: 28-3073
The institutional investment manager 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:
Name: Michele M. Payment
Title: Vice President & Controller
Phone: 248-646-4000
Signature, Place, and Date of Signing:
Michele M. Payment Birmingham, Michigan May 13, 2011
Report Type (Check only one.):
[x] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 340
Form 13F Information Table Value Total: $1,474,119
List of Other Included Managers:
NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3M Co COM 88579y101 264 2825 SH Sole 2825
A123 Systems Inc COM 03739t108 159 25000 SH Sole 25000
ABB Ltd ADR COM 000375204 1456 60200 SH Sole 60200
AES Corp COM 00130h105 477 36700 SH Sole 36700
AGCO Corp COM 001084102 275 5000 SH Sole 5000
AT&T Inc COM 00206R102 337 11013 SH Sole 11013
Abbott Laboratories COM 002824100 3733 76115 SH Sole 76115
Aerovironment Inc COM 008073108 6898 197250 SH Sole 197250
Agrium Inc COM 008916108 1153 12500 SH Sole 12500
Alcoa Inc COM 013817101 883 50000 SH Sole 50000
Allergan Inc COM 018490102 15745 221700 SH Sole 221700
Alliant Techsystems Inc COM 018804104 2049 29000 SH Sole 29000
Allscripts Healthcare Solution COM 01988p108 252 12025 SH Sole 12025
Alumina Ltd ADR COM 022205108 511 50000 SH Sole 50000
Aluminum Corp of China ADR COM 022276109 473 20000 SH Sole 20000
Amazon.com Inc COM 023135106 646 3585 SH Sole 3585
America Movil SAB de CV ADR COM 02364w105 1162 20000 SH Sole 20000
American Express Co COM 025816109 19137 423380 SH Sole 423380
American Water Works COM 030420103 14219 506910 SH Sole 506910
Anadarko Petroleum COM 032511107 430 5250 SH Sole 5250
AngloGold Ashanti ADR COM 035128206 664 13846 SH Sole 13846
Anheuser-Busch InBev ADR COM 03524a108 23489 410865 SH Sole 410865
Apple Inc COM 037833100 51453 147637 SH Sole 147637
Aqua America Inc COM 03836w103 458 20000 SH Sole 20000
ArcelorMittal NY Reg COM 03938L104 728 20150 SH Sole 20150
AstraZeneca PLC ADR COM 046353108 932 20200 SH Sole 20200
Athenahealth Inc COM 04685w103 298 6600 SH Sole 6600
Autoliv Inc COM 052800109 2535 34150 SH Sole 34150
BHP Billiton Ltd ADR COM 088606108 2468 25745 SH Sole 25745
BT Group PLC ADR COM 05577e101 602 20000 SH Sole 20000
Baidu Inc ADR COM 056752108 2474 17950 SH Sole 17950
Ballard Power Systems COM 058586108 524 225000 SH Sole 225000
Banco Bradesco ADR COM 059460303 830 40000 SH Sole 40000
Banco Santander SA ADR COM 05964h105 117 10000 SH Sole 10000
Bank of Montreal COM 063671101 520 8000 SH Sole 8000
Barclays PLC ADR COM 06738e204 916 50500 SH Sole 50500
Barrick Gold Corp COM 067901108 36358 700410 SH Sole 700410
Berkshire Hath Cl A COM 084670108 2381 19 SH Sole 19
Berkshire Hath Cl B COM 084670702 8387 100289 SH Sole 100289
Boeing Co COM 097023105 1238 16749 SH Sole 16749
BorgWarner Inc COM 099724106 398 5000 SH Sole 5000
Boston Properties Inc COM 101121101 14076 148400 SH Sole 148400
Brink's Co COM 109696104 497 15000 SH Sole 15000
Bristol-Myers Squibb COM 110122108 21458 811895 SH Sole 811895
British Am Tobacco ADR COM 110448107 324 4000 SH Sole 4000
Brookfield Asset Mgmt COM 112585104 487 15000 SH Sole 15000
CBL Assoc Ppty REIT COM 124830100 676 38800 SH Sole 38800
CNH Global NV COM N20935206 1223 25200 SH Sole 25200
CNOOC Ltd ADR COM 126132109 1784 7050 SH Sole 7050
Calgon Carbon Corp COM 129603106 254 16000 SH Sole 16000
Cameco Corp COM 13321L108 2943 97975 SH Sole 97975
Cameron Intl Corp COM 13342b105 371 6500 SH Sole 6500
Campbell Soup Co COM 134429109 12723 384250 SH Sole 384250
Canadian Natl Rwy Co COM 136375102 6962 92500 SH Sole 92500
Canadian Natural Res COM 136385101 741 15000 SH Sole 15000
Canadian Pacific Rwy Ltd COM 13645t100 1029 16000 SH Sole 16000
Canon Inc ADR COM 138006309 867 20000 SH Sole 20000
Caterpillar Inc COM 149123101 47705 428425 SH Sole 428425
Cavium Networks Inc COM 14965a101 584 13000 SH Sole 13000
Celgene Corp COM 151020104 814 14130 SH Sole 14130
Cemex SAB de CV ADR COM 151290889 546 61189 SH Sole 61189
Cenovus Energy Inc COM 15135u109 603 15300 SH Sole 15300
Cepheid Inc COM 15670r107 280 10000 SH Sole 10000
Ceradyne Inc COM 156710105 316 7000 SH Sole 7000
Cerner Corp COM 156782104 361 3250 SH Sole 3250
Check Point Software Tech COM M22465104 357 7000 SH Sole 7000
Checkpoint Systems Inc COM 162825103 225 10000 SH Sole 10000
Chicago Bridge & Iron COM 167250109 224 5500 SH Sole 5500
China Life Ins Co ADR COM 16939p106 348 6201 SH Sole 6201
China Mobile Ltd ADR COM 16941m109 796 17200 SH Sole 17200
China Petro & Chem Corp ADR COM 16941r108 603 6000 SH Sole 6000
China Telecom Corp ADR COM 169426103 732 12000 SH Sole 12000
Church & Dwight Co COM 171340102 341 4300 SH Sole 4300
Cia Saneamento Basico do Estad COM 20441a102 587 10000 SH Sole 10000
Cia de Bebidas das Americas AD COM 20441w203 871 30750 SH Sole 30750
Cisco Systems Inc COM 17275r102 8102 472424 SH Sole 472424
Citigroup Inc COM 172967424 784 177459 SH Sole 177459
Citrix Systems Inc COM 177376100 23241 316377 SH Sole 316377
Clean Harbors Inc COM 184496107 2688 27250 SH Sole 27250
Clorox Co COM 189054109 294 4200 SH Sole 4200
Coca Cola Co COM 191216100 29536 445225 SH Sole 445225
Coca Cola Femsa ADR COM 191241108 823 10696 SH Sole 10696
Comerica Inc COM 200340107 356 9700 SH Sole 9700
ConocoPhillips COM 20825c104 737 9230 SH Sole 9230
Consol Energy Inc COM 20854p109 1099 20500 SH Sole 20500
Consolidated Edison COM 209115104 410 8075 SH Sole 8075
Cooper Tire & Rubber COM 216831107 386 15000 SH Sole 15000
Corning Inc COM 219350105 23764 1151905 SH Sole 1151905
Cosan Ltd Cl A COM G25343107 1032 80000 SH Sole 80000
Costco Wholesale COM 22160k105 27243 371559 SH Sole 371559
Covanta Hldg Corp COM 22282e102 171 10000 SH Sole 10000
Curtiss-Wright Corp COM 231561101 246 7000 SH Sole 7000
DIRECTV Cl A COM 25490a101 26224 560350 SH Sole 560350
Danaher Corp COM 235851102 363 7000 SH Sole 7000
Deere & Co COM 244199105 37747 389590 SH Sole 389590
Delta Air Lines Inc COM 247361702 3320 338825 SH Sole 338825
Dendreon Corp COM 24823q107 293 7825 SH Sole 7825
Devon Energy Corp COM 25179m103 31086 338740 SH Sole 338740
Diageo PLC ADR COM 25243q205 1871 24550 SH Sole 24550
Diana Shipping Inc COM y2066g104 414 35000 SH Sole 35000
Dr Reddy's Lab ADR COM 256135203 1380 37000 SH Sole 37000
Dril-Quip Inc COM 262037104 277 3500 SH Sole 3500
DryShips Inc COM Y2109q101 497 100500 SH Sole 100500
Duke Energy Corp COM 26441C105 376 20700 SH Sole 20700
E I DuPont COM 263534109 1132 20600 SH Sole 20600
EMC Corp COM 268648102 2101 79100 SH Sole 79100
Eastman Chemical Co COM 277432100 298 3000 SH Sole 3000
Eastman Kodak Co COM 277461109 32 10000 SH Sole 10000
Edwards Lifesciences COM 28176e108 10707 123070 SH Sole 123070
Embraer SA ADR COM 29082a107 1281 38000 SH Sole 38000
Enbridge Inc COM 29250n105 1045 17000 SH Sole 17000
Encana Corp COM 292505104 901 26100 SH Sole 26100
Eni SPA ADR COM 26874r108 393 8000 SH Sole 8000
Ericsson LM Tele ADR COM 294821608 643 50000 SH Sole 50000
Exxon Mobil Corp COM 30231g102 43740 519911 SH Sole 519911
F5 Networks Inc COM 315616102 256 2500 SH Sole 2500
FMC Technologies COM 30249u101 38490 407384 SH Sole 407384
Factset Research Sys COM 303075105 209 2000 SH Sole 2000
Family Dollar Stores COM 307000109 257 5000 SH Sole 5000
FedEx Corp COM 31428x106 32147 343632 SH Sole 343632
First Solar Inc COM 336433107 747 4645 SH Sole 4645
Flir Systems Inc COM 302445101 242 7000 SH Sole 7000
Flowserve Corp COM 34354p105 2685 20850 SH Sole 20850
Fluor Corp COM 343412102 258 3500 SH Sole 3500
Ford Motor Company COM 345370860 62714 4206163 SH Sole 4206163
France Telecom SA ADR COM 35177q105 450 20000 SH Sole 20000
Freeport-McMoRan COM 35671d857 24634 443460 SH Sole 443460
Fresenius Med Care ADR COM 358029106 270 4000 SH Sole 4000
FuelCell Energy Inc COM 35952h106 43 20000 SH Sole 20000
General Cable Corp COM 369300108 303 7000 SH Sole 7000
General Dynamics COM 369550108 697 9100 SH Sole 9100
General Electric Co COM 369604103 3246 161904 SH Sole 161904
General Motors Co COM 37045v100 670 21600 SH Sole 21600
Genesee & Wyoming Inc Cl A COM 371559105 640 11000 SH Sole 11000
Given Imaging Ltd COM M52020100 3880 196850 SH Sole 196850
GlaxoSmithKline PLC ADR COM 37733w105 968 25200 SH Sole 25200
Gold Fields Ltd ADR COM 38059t106 541 31000 SH Sole 31000
Gold Trust COM 78463v107 3757 26866 SH Sole 26866
Goldcorp Inc COM 380956409 1255 25200 SH Sole 25200
Goodyear Tire & Rub COM 382550101 2846 190005 SH Sole 190005
Google Inc Cl A COM 38259p508 31689 54006 SH Sole 54006
Green Mountain Coffee Roasters COM 393122106 363 5625 SH Sole 5625
Halliburton Co COM 406216101 498 10000 SH Sole 10000
HSBC Hldgs PLC ADR COM 404280406 1042 20125 SH Sole 20125
Harry Winston Diamond Corp COM 41587b100 374 23100 SH Sole 23100
Heico Corp COM 422806109 1588 25400 SH Sole 25400
Herman Miller Inc COM 600544100 852 31000 SH Sole 31000
Hertz Global Hldgs Inc COM 42805t105 391 25000 SH Sole 25000
Hess Corp COM 42809h107 31904 374420 SH Sole 374420
Hitachi Ltd ADR COM 433578507 516 10000 SH Sole 10000
Home Depot Inc COM 437076102 1605 43300 SH Sole 43300
Honda Motor Co ADR COM 438128308 943 25150 SH Sole 25150
Honeywell Intl COM 438516106 3146 52685 SH Sole 52685
IBM Corp COM 459200101 19091 117075 SH Sole 117075
ICICI Bank Ltd ADR COM 45104g104 1012 20300 SH Sole 20300
ITC Holdings Corp COM 465685105 16807 240445 SH Sole 240445
ITT Corp COM 450911102 1802 30000 SH Sole 30000
Illumina Inc COM 452327109 631 9000 SH Sole 9000
Imperial Oil Ltd COM 453038408 1389 27200 SH Sole 27200
Infosys Tech Ltd ADR COM 456788108 538 7500 SH Sole 7500
Insituform Tech Cl A COM 457667103 321 12000 SH Sole 12000
Intel Corp COM 458140100 709 35140 SH Sole 35140
Intercontl Hotels Grp ADR COM 45857p301 518 25000 SH Sole 25000
Intuitive Surgical Inc COM 46120e602 267 800 SH Sole 800
Itron Inc COM 465741106 310 5500 SH Sole 5500
Ivanhoe Mines Ltd COM 46579n103 1877 68350 SH Sole 68350
JC Penney Co COM 708160106 348 9700 SH Sole 9700
JPMorgan Chase COM 46625h100 288 6254 SH Sole 6254
Jarden Corp COM 471109108 477 13421 SH Sole 13421
Jefferies Grp Inc COM 472319102 1661 66600 SH Sole 66600
JetBlue Airways Corp COM 477143101 376 60000 SH Sole 60000
Johnson & Johnson COM 478160104 2009 33904 SH Sole 33904
Johnson Controls COM 478366107 416 10000 SH Sole 10000
Joy Global Inc COM 481165108 593 6000 SH Sole 6000
Juniper Networks Inc COM 48203r104 210 5000 SH Sole 5000
KB Finl Grp ADR COM 48241a105 550 10538 SH Sole 10538
KBR Inc COM 48242w106 378 10000 SH Sole 10000
Kinross Gold Corp COM 496902404 473 30000 SH Sole 30000
Kirby Corp COM 497266106 917 16000 SH Sole 16000
Koninklijke Philips Elec NV COM 500472303 877 27250 SH Sole 27250
Kyocera Corp ADR COM 501556203 515 5100 SH Sole 5100
L-1 Identity Solutions COM 50212a106 353 30000 SH Sole 30000
L-3 Comm Hldgs COM 502424104 313 4000 SH Sole 4000
LG Display Co Ltd COM 50186v102 779 49500 SH Sole 49500
Leucadia Natl Corp COM 527288104 1122 29900 SH Sole 29900
Life Tech Corp COM 53217v109 210 4000 SH Sole 4000
Lindsay Corp COM 535555106 7250 91750 SH Sole 91750
Lockheed Martin Corp COM 539830109 8989 111800 SH Sole 111800
Loews Corp COM 540424108 931 21600 SH Sole 21600
LogMeIn Inc COM 54142L109 295 7000 SH Sole 7000
Lowe's Companies COM 548661107 1731 65500 SH Sole 65500
MGM Resorts Intl COM 552953101 158 12000 SH Sole 12000
Martin Marietta Mtls COM 573284106 229 2550 SH Sole 2550
Masco Corp COM 574599106 1434 103000 SH Sole 103000
McDonalds Corp COM 580135101 26270 345250 SH Sole 345250
Microsoft Corp COM 594918104 3452 135956 SH Sole 135956
Mitsubishi UFJ Finl Grp ADR COM 606822104 327 71000 SH Sole 71000
Mobile TeleSystems ADR COM 607409109 531 25000 SH Sole 25000
Molycorp Inc COM 608753109 24733 412075 SH Sole 412075
Monsanto Co COM 61166w101 43845 606770 SH Sole 606770
Mosaic Co COM 61945a107 34207 434380 SH Sole 434380
Mueller Water Prod Cl A COM 624758108 67 15000 SH Sole 15000
NTT DOCOMO ADR COM 62942m201 616 35000 SH Sole 35000
Nalco Holding Co COM 62985q101 507 18575 SH Sole 18575
National Oilwell Varco COM 637071101 797 10050 SH Sole 10050
Navistar Intl COM 63934e108 1109 16000 SH Sole 16000
Nestle SA ADR COM 641069406 13332 231945 SH Sole 231945
Netflix Inc COM 64110L106 17471 73474 SH Sole 73474
Newmont Mining COM 651639106 1130 20700 SH Sole 20700
Nexen Inc COM 65334h102 374 15000 SH Sole 15000
NextEra Energy Inc COM 65339f101 576 10450 SH Sole 10450
Nike Inc COM 654106103 2681 35414 SH Sole 35414
Nippon Teleg & Tele Corp ADR COM 654624105 450 20000 SH Sole 20000
Nissan Motor Co ADR COM 654744408 530 30000 SH Sole 30000
Nokia Corp ADR COM 654902204 171 20150 SH Sole 20150
Northrop Grumman COM 666807102 607 9675 SH Sole 9675
Novartis AG ADR COM 66987v109 1128 20750 SH Sole 20750
Novo Nordisk A/S ADR COM 670100205 1647 13150 SH Sole 13150
Nucor Corp COM 670346105 612 13295 SH Sole 13295
OSI Systems Inc COM 671044105 300 8000 SH Sole 8000
Omega Protein Corp COM 68210p107 135 10000 SH Sole 10000
Oshkosh Corp COM 688239201 962 27200 SH Sole 27200
Paccar Inc COM 693718108 838 16000 SH Sole 16000
Pall Corp COM 696429307 461 8000 SH Sole 8000
Panasonic Corp ADR COM 69832a205 633 50250 SH Sole 50250
Peabody Energy Corp COM 704549104 33799 469685 SH Sole 469685
Pearson PLC ADR COM 705015105 178 10000 SH Sole 10000
Penske Automotive Grp COM 70959w103 480 24000 SH Sole 24000
Pentair Inc COM 709631105 227 6000 SH Sole 6000
Perrigo Co COM 714290103 237 2975 SH Sole 2975
PetSmart Inc COM 716768106 491 12000 SH Sole 12000
PetroChina Co Ltd ADR COM 71646e100 1720 11300 SH Sole 11300
Petroleo Brasileiro ADR COM 71654v408 1639 40550 SH Sole 40550
Pfizer Inc COM 717081103 506 24937 SH Sole 24937
Pioneer Natural Rsrcs COM 723787107 591 5800 SH Sole 5800
Plum Creek Timber Co COM 729251108 2286 52425 SH Sole 52425
Polo Ralph Lauren Corp COM 731572103 408 3300 SH Sole 3300
Polypore Intl Inc COM 73179v103 576 10000 SH Sole 10000
Posco ADR COM 693483109 1726 15100 SH Sole 15100
Potash Corp COM 73755L107 2538 43068 SH Sole 43068
Precision Castparts Corp COM 740189105 294 2000 SH Sole 2000
Priceline.com Inc COM 741503403 1519 3000 SH Sole 3000
Procter & Gamble Co COM 742718109 14951 242705 SH Sole 242705
Prudential Finl Inc COM 744320102 619 10060 SH Sole 10060
Prudential PLC ADR COM 74435k204 568 25000 SH Sole 25000
Pulte Group Inc COM 745867101 1265 171000 SH Sole 171000
Qiagen NV COM N72482107 622 31000 SH Sole 31000
Quanta Services Inc COM 74762e102 258 11500 SH Sole 11500
Rayonier Inc COM 754907103 2595 41645 SH Sole 41645
Raytheon Co COM 755111507 407 8000 SH Sole 8000
Regal Beloit Corp COM 758750103 664 9000 SH Sole 9000
Reliance Steel & Alum COM 759509102 231 4000 SH Sole 4000
Repsol YPF SA ADR COM 76026t205 345 10000 SH Sole 10000
Republic Services Inc COM 760759100 13625 453555 SH Sole 453555
Research In Motion COM 760975102 1414 25000 SH Sole 25000
Rio Tinto PLC ADR COM 767204100 2194 30850 SH Sole 30850
Rockwood Hldgs Inc COM 774415103 492 10000 SH Sole 10000
Rogers Comm Cl B COM 775109200 543 15000 SH Sole 15000
Roper Industries Inc COM 776696106 432 5000 SH Sole 5000
Royal Bank of Canada COM 780087102 1004 16200 SH Sole 16200
Ryl Dutch Shell ADR A COM 780259206 1967 27000 SH Sole 27000
SAP AG ADR COM 803054204 1362 22200 SH Sole 22200
SK Telecom Co ADR COM 78440p108 282 15000 SH Sole 15000
SLM Corp COM 78442p106 352 23000 SH Sole 23000
SM Energy Co COM 78454L100 1484 20000 SH Sole 20000
SPDR S&P 500 ETF Tr COM 78462f103 283 2135 SH Sole 2135
Saks Inc COM 79377w108 1074 94954 SH Sole 94954
Salesforce.com Inc COM 79466L302 494 3700 SH Sole 3700
Sanofi ADR COM 80105n105 711 20200 SH Sole 20200
Sasol Ltd ADR COM 803866300 991 17100 SH Sole 17100
Schlumberger Ltd COM 806857108 34580 370790 SH Sole 370790
Sears Holdings Corp COM 812350106 450 5450 SH Sole 5450
Shanda Games ADR COM 81941u105 128 20100 SH Sole 20100
Sherwin Williams Co COM 824348106 1512 18000 SH Sole 18000
Siemens AG ADR COM 826197501 2287 16650 SH Sole 16650
Silver Wheaton Corp COM 828336107 1856 42800 SH Sole 42800
Sinopec Shanghai Petrochem ADR COM 82935m109 381 8000 SH Sole 8000
Smith & Nephew PLC ADR COM 83175m205 846 15000 SH Sole 15000
Smith & Wesson Hldg COM 831756101 39 11000 SH Sole 11000
Sociedad Quimica y Minera de C COM 833635105 1039 18800 SH Sole 18800
Sony Corp ADR COM 835699307 807 25350 SH Sole 25350
Sotheby's COM 835898107 263 5000 SH Sole 5000
Southern Copper Corp COM 84265v105 242 6000 SH Sole 6000
Southwest Airlines COM 844741108 189 15000 SH Sole 15000
St Joe Co COM 790148100 252 10050 SH Sole 10050
Starwood Hotels COM 85590a401 2618 45050 SH Sole 45050
State Street Corp COM 857477103 449 10000 SH Sole 10000
Statoil ASA ADR COM 85771p102 843 30503 SH Sole 30503
Steel Dynamics Inc COM 858119100 394 21000 SH Sole 21000
Stericycle Inc COM 858912108 443 5000 SH Sole 5000
Suncor Energy Inc COM 867224107 4513 100650 SH Sole 100650
Supervalu Inc COM 868536103 223 25000 SH Sole 25000
Syngenta AG ADR COM 87160a100 782 12000 SH Sole 12000
Synovus Finl Corp COM 87161c105 118 49000 SH Sole 49000
TJX Companies Inc COM 872540109 338 6800 SH Sole 6800
Taiwan Semicon Mfg Co ADR COM 874039100 853 70053 SH Sole 70053
Tata Motors Ltd ADR COM 876568502 1478 53200 SH Sole 53200
Teck Resources Ltd COM 878742204 2333 44000 SH Sole 44000
Telefonica SA ADR COM 879382208 681 27000 SH Sole 27000
Tenaris SA ADR COM 88031m109 297 6000 SH Sole 6000
Teva Pharm Ind ADR COM 881624209 15653 312000 SH Sole 312000
Thomson Reuters Corp COM 884903105 353 9000 SH Sole 9000
Thoratec Corp COM 885175307 233 9000 SH Sole 9000
Time Warner Inc COM 887317303 4516 126500 SH Sole 126500
Toronto Dominion Bank COM 891160509 469 5294 SH Sole 5294
Toyota Motor ADR COM 892331307 807 10050 SH Sole 10050
Transocean Ltd COM h8817h100 405 5200 SH Sole 5200
Trinity Industries COM 896522109 587 16000 SH Sole 16000
U S Bancorp COM 902973304 18242 690201 SH Sole 690201
UBS AG COM H89231338 473 26200 SH Sole 26200
UltraShort Lehman 20+ Yr Treas COM 74347r297 1441 38500 SH Sole 38500
Unilever NV (NY Shs) COM 904784709 637 20300 SH Sole 20300
Union Pacific Corp COM 907818108 43101 438333 SH Sole 438333
United Parcel Service COM 911312106 264 3558 SH Sole 3558
United States Steel COM 912909108 1816 33675 SH Sole 33675
United Technologies COM 913017109 23435 276850 SH Sole 276850
VMware Inc Cl A COM 928563402 245 3000 SH Sole 3000
Vale SA ADR COM 91912e105 3401 101975 SH Sole 101975
Valero Energy Corp COM 91913y100 466 15625 SH Sole 15625
Valmont Industries COM 920253101 313 3000 SH Sole 3000
Veolia Envrnmt ADR COM 92334n103 779 25000 SH Sole 25000
Verizon Comm COM 92343v104 309 8029 SH Sole 8029
Visa Inc Cl A COM 92826c839 1544 20975 SH Sole 20975
Vodafone Grp ADR COM 92857w209 1512 52575 SH Sole 52575
Wabash Natl Corp COM 929566107 1441 124450 SH Sole 124450
Walt Disney Co COM 254687106 39913 926270 SH Sole 926270
Waste Connections Inc COM 941053100 259 9000 SH Sole 9000
Waste Mgmt Inc COM 94106L109 336 9000 SH Sole 9000
Watts Water Tech Cl A COM 942749102 267 7000 SH Sole 7000
Wells Fargo & Co COM 949746101 4171 131542 SH Sole 131542
Weyerhaeuser Co REIT COM 962166104 405 16463 SH Sole 16463
Whirlpool Corp COM 963320106 2732 32000 SH Sole 32000
Whole Foods Mkt Inc COM 966837106 1244 18875 SH Sole 18875
Wipro Ltd ADR COM 97651m109 342 23333 SH Sole 23333
Yum! Brands Inc COM 988498101 3504 68200 SH Sole 68200
iShares Barclays US TIPS Fd COM 464287176 242 2216 SH Sole 2216
iShares FTSE China 25 COM 464287184 266 5925 SH Sole 5925
iShares MSCI Brazil COM 464286400 372 4800 SH Sole 4800
iShares MSCI EAFE Index COM 464287465 885 14733 SH Sole 14733
iShares MSCI Emerging Mkts Int COM 464287234 522 10720 SH Sole 10720