0001316617-11-000006.txt : 20110812
0001316617-11-000006.hdr.sgml : 20110812
20110812140931
ACCESSION NUMBER: 0001316617-11-000006
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110630
FILED AS OF DATE: 20110812
DATE AS OF CHANGE: 20110812
EFFECTIVENESS DATE: 20110812
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: 111030657
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
form13f20110630.txt
Q2 HOLDINGS 06302011
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
Form 13F Cover Page
Report for the Calendar Year Ended: June 30, 2011
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 August 11, 2011
Report Type: 13F HOLDINGS REPORT
FORM 13F SUMMARY PAGE
Report Summary
Number of other included managers: 0
Form 13F information table entry total: 430
Form 13F information table value total (thousands): $3,520
List of other included managers: None
Name of Issuer Title of Class CUSIP Value*1000 Amount Type Discretion Other Man Voting Auth Calc. Price 6/30/11 Price Value
3D Systems Common Stock 88554D205 $237 "12,000" SH SOLE none "12,000" 19.71 19.71 236520
3M Common Stock 88579Y101 "$19,114" "201,517" SH SOLE none "201,517" 94.85 94.85 19113887.45
Abbott Laboratories Common Stock 2824100 "$20,386" "387,417" SH SOLE none "387,417" 52.62 52.62 20385882.54
Accenture LTD-CL A Common Stock G1151C101 $163 "2,700" SH SOLE none "2,700" 60.42 60.42 163134
Activision Blizzard Common Stock 00507V109 $168 "14,396" SH SOLE none "14,396" 11.68 11.68 168145.28
Adobe Systems Common Stock 00724F101 "$35,792" "1,138,055" SH SOLE none "1,138,055" 31.45 31.45 35791829.75
Advanced Micro Devices Common Stock 7903107 $140 "20,000" SH SOLE none "20,000" 6.99 6.99 139800
Aecom Technology Common Stock 00766T100 $273 "10,000" SH SOLE none "10,000" 27.34 27.34 273400
Agilent Technologies Common Stock 00846U101 "$47,227" "924,022" SH SOLE none "924,022" 51.11 51.11 47226764.42
Air Products & Chemicals Common Stock 9158106 "$23,895" "250,000" SH SOLE none "250,000" 95.58 95.58 23895000
Akamai Technologies Common Stock 00971T101 "$31,690" "1,006,975" SH SOLE none "1,006,975" 31.47 31.47 31689503.25
Alabama Power Co Common Stock 10392496 $129 "5,000" SH SOLE none "5,000" 25.86 25.86 129300
Alamos Gold Common Stock 11527108 $166 "10,000" SH SOLE none "10,000" 16.5587 16.5587 165587
Alaska Air Group Common Stock 11659109 $685 "10,000" SH SOLE none "10,000" 68.46 68.46 684600
Alcatel-Lucent ADS ADR 13904305 $0 86 SH SOLE none 86 5.77 5.77 496.22
Alcoa Common Stock 13817101 $893 "56,332" SH SOLE none "56,332" 15.86 15.86 893425.52
"Alere, perp pfd conv ser B" Convt Prefrd Stock 01449J204 $56 199 SH SOLE none 199 279 279 55521
Amazon.com Common Stock 23135106 "$42,487" "207,769" SH SOLE none "207,769" 204.49 204.49 42486682.81
Ameren Common Stock 23608102 $10 333 SH SOLE none 333 28.84 28.84 9603.72
America Movil SAB de CV ADS ADR 02364W105 "$32,650" "605,983" SH SOLE none "1,211,966" 53.88 53.88 32650364.04
American Eagle Outfitters Common Stock 02553 E106 "$10,940" "858,043" SH SOLE none "858,043" 12.75 12.75 10940048.25
American Electric Power Common Stock 25537101 $5 120 SH SOLE none 120 37.68 37.68 4521.6
AmerisourceBergen Corp Common Stock 03073 E105 $5 110 SH SOLE none 110 41.4 41.4 4554
Amgen Common Stock 31162100 "$35,357" "605,944" SH SOLE none "605,944" 58.35 58.35 35356832.4
AmSurg Common Stock 03232P405 $392 "15,000" SH SOLE none "15,000" 26.13 26.13 391950
Anadarko Petroleum Common Stock 32511107 $123 "1,600" SH SOLE none "1,600" 76.76 76.76 122816
Analog Devices Common Stock 32654105 $20 500 SH SOLE none 500 39.14 39.14 19570
Anglo American PLC ADR ADR 03485P201 "$35,564" "1,431,130" SH SOLE none "1,431,130" 24.85 24.85 35563580.5
Aon Corp Common Stock 37389103 $149 "2,912" SH SOLE none "2,912" 51.3 51.3 149385.6
Apache Common Stock 37411105 $66 532 SH SOLE none 532 123.39 123.39 65643.48
Apartment Investment & Management Common Stock 03748R101 $152 "5,958" SH SOLE none "5,958" 25.53 25.53 152107.74
Apple Common Stock 37833100 "$76,953" "229,252" SH SOLE none "229,252" 335.67 335.67 76953018.84
Arch Coal Common Stock 39380100 "$17,382" "652,000" SH SOLE none "652,000" 26.66 26.66 17382320
Arkema ADS ADR 41232109 $2 17 SH SOLE none 17 102.9241176 102.924 1749.71
ARM Holdings plc ADS ADR 42068106 $41 "1,451" SH SOLE none "1,451" 28.43 28.43 41251.93
ASML Holding NV Common Stock N07059186 "$17,556" "475,000" SH SOLE none "475,000" 36.96 36.96 17556000
AstraZeneca PLC ADS ADR 46353108 "$22,532" "450,000" SH SOLE none "450,000" 50.07 50.07 22531500
Asya Katilim Bankasi AS Common Stock SB13ZG00L $156 "100,000" SH SOLE none "100,000" 1.558715 1.558715 155871.5
AT&T Common Stock 00206R102 $520 "16,568" SH SOLE none "16,568" 31.41 31.41 520400.88
Australia & New Zealand Banking ADS ADR 52528304 "$2,257" "95,241" SH SOLE none "95,241" 23.7 23.7 2257211.7
Autodesk Common Stock 52769106 $21 540 SH SOLE none 540 38.6 38.6 20844
Autoliv Common Stock 52800109 $67 853 SH SOLE none 853 78.45 78.45 66917.85
Aviat Networks Common Stock 05366Y102 $3 793 SH SOLE none 793 3.94 3.94 3124.42
Avista Common Stock 05379B107 $249 "9,700" SH SOLE none "9,700" 25.69 25.69 249193
AXA SA ADS ADR 54536107 $410 "18,000" SH SOLE none "18,000" 22.78 22.78 410040
Baidu.com ADR ADR 56752108 $280 "2,000" SH SOLE none "2,000" 140.13 140.13 280260
Bank of America Common Stock 60505104 $103 "9,378" SH SOLE none "9,378" 10.96 10.96 102782.88
Bank of East Asia S/ADR Common Stock 61874103 $0 39 SH SOLE none 39 4.105897436 4.106 160.13
Bank of New York Mellon Common Stock 64058100 $17 670 SH SOLE none 670 25.62 25.62 17165.4
Barrick Gold Common Stock 67901108 "$2,717" "60,000" SH SOLE none "60,000" 45.29 45.29 2717400
BASF SE ADS ADR 55262505 "$16,283" "166,050" SH SOLE none "166,050" 98.06 98.06 16282863
BCE Common Stock 05534B760 "$2,769" "70,469" SH SOLE none "70,469" 39.29 39.29 2768727.01
"Becton, Dickinson & Co." Common Stock 75887109 "$18,096" "210,000" SH SOLE none "210,000" 86.17 86.17 18095700
Bed Bath & Beyond Common Stock 75896100 "$15,294" "262,010" SH SOLE none "262,010" 58.37 58.37 15293523.7
Best Buy Common Stock 86516101 "$25,449" "810,232" SH SOLE none "810,232" 31.41 31.41 25449387.12
BG Group plc ADS ADR 55434203 "$1,600" "14,000" SH SOLE none "14,000" 114.25 114.25 1599500
BHP Billiton ADS ADR 88606108 "$20,956" "221,448" SH SOLE none "221,448" 94.63 94.63 20955624.24
Boeing Common Stock 97023105 $222 "3,000" SH SOLE none "3,000" 73.93 73.93 221790
Boston Scientific Common Stock 101137107 $3 400 SH SOLE none 400 6.91 6.91 2764
BP plc ADS ADR 55622104 "$2,307" "52,091" SH SOLE none "52,091" 44.29 44.29 2307110.39
Brandywine Realty Trust Common Stock 105368203 $5 397 SH SOLE none 397 11.59 11.59 4601.23
Bristol-Myers Squibb Common Stock 110122108 "$23,501" "811,513" SH SOLE none "811,513" 28.96 28.96 23501416.48
Canadian National Railway Common Stock 136375102 "$28,508" "356,800" SH SOLE none "356,800" 79.9 79.9 28508320
Canadian Pacific Railway Common Stock 13645T100 "$18,990" "304,723" SH SOLE none "304,723" 62.32 62.32 18990337.36
Canon ADS ADR 138006309 "$31,991" "672,230" SH SOLE none "672,230" 47.59 47.59 31991425.7
Capital One Financial Common Stock 14040H105 $5 100 SH SOLE none 100 51.67 51.67 5167
Carlisle Common Stock 142339100 "$27,077" "550,000" SH SOLE none "550,000" 49.23 49.23 27076500
Carmax Common Stock 143130102 $56 "1,680" SH SOLE none "1,680" 33.07 33.07 55557.6
Caterpillar Common Stock 149123101 $64 600 SH SOLE none 600 106.46 106.46 63876
Cenovus Energy Common Stock 15135U109 "$41,201" "1,094,023" SH SOLE none "1,094,023" 37.66 37.66 41200906.18
Charles River Laboratories Common Stock 159864107 $61 "1,495" SH SOLE none "1,495" 40.65 40.65 60771.75
Charles Schwab Common Stock 808513105 $411 "25,000" SH SOLE none "25,000" 16.45 16.45 411250
Chemtura Corp Common Stock 163893209 $0 7 SH SOLE none 7 18.2 18.2 127.4
Chemtura COrporation Comm Common Stock 163ESC106 $0 465 SH SOLE none 465 0 0 0
Cheung Kong HLDG UNSP/ADR ADR 166744201 $5 328 SH SOLE none 328 14.625 14.625 4797
ChevronTexaco Common Stock 166764100 $512 "4,977" SH SOLE none "4,977" 102.84 102.84 511834.68
China Mobile ADS ADR 16941M109 "$25,479" "544,650" SH SOLE none "544,650" 46.78 46.78 25478727
China Petroleum and Chemical ADR ADR 16941R108 $81 800 SH SOLE none 800 101.44 101.44 81152
China Techfaith Wireless ADR ADR 169424108 $156 "40,000" SH SOLE none "40,000" 3.9 3.9 156000
Chubb Common Stock 171232101 $512 "8,175" SH SOLE none "8,175" 62.61 62.61 511836.75
Chunghwa Telecom ADR ADR 17133Q502 "$19,450" "562,944" SH SOLE none "562,944" 34.55 34.55 19449715.2
Church & Dwight Common Stock 171340102 "$24,583" "606,400" SH SOLE none "606,400" 40.54 40.54 24583456
Cia Paranaense de Energia -Copel ADR 20441B407 $136 "5,000" SH SOLE none "5,000" 27.16 27.16 135800
Cisco Systems Common Stock 17275R102 "$31,431" "2,013,498" SH SOLE none "2,013,498" 15.61 15.61 31430703.78
Clorox Common Stock 189054109 "$25,317" "375,405" SH SOLE none "375,405" 67.44 67.44 25317313.2
Coach Common Stock 189754104 "$55,446" "867,300" SH SOLE none "867,300" 63.93 63.93 55446489
Coca-Cola Co Common Stock 191216100 $45 670 SH SOLE none 670 67.29 67.29 45084.3
Coca-Cola Femsa SAB de CV ADS ADR 191241108 "$2,807" "30,183" SH SOLE none "30,183" 93.01 93.01 2807320.83
Colgate-Palmolive Common Stock 194162103 "$26,503" "303,200" SH SOLE none "303,200" 87.41 87.41 26502712
Companhia de Bebidas PR ADR ADR 20441W203 $34 "1,000" SH SOLE none "1,000" 33.73 33.73 33730
Companhia de Concessoes Rodoviarias Common Stock S2840970L $238 "8,000" SH SOLE none "8,000" 29.7824625 29.782462 238259.7
Comtech Communications Common Stock 205826209 $28 "1,000" SH SOLE none "1,000" 28.04 28.04 28040
ConocoPhillips Common Stock 20825C104 "$26,020" "346,057" SH SOLE none "346,057" 75.19 75.19 26020025.83
CONSOL Energy Common Stock 20854P109 "$31,512" "650,000" SH SOLE none "650,000" 48.48 48.48 31512000
Convergys Common Stock 212485106 "$9,967" "730,700" SH SOLE none "730,700" 13.64 13.64 9966748
"Copa Holdings SA, Class A" Common Stock P31076105 "$4,004" "60,000" SH SOLE none "60,000" 66.74 66.74 4004400
Corning Common Stock 219350105 "$5,450" "300,300" SH SOLE none "300,300" 18.15 18.15 5450445
Corp Office Props Trust CLASS H Preferred Stock 22002T603 $25 "1,000" SH SOLE none "1,000" 25.2 25.2 25200
CORPORATE OFFICE PPTYS TR PFD SER J Preferred Stock 22002T702 $51 "2,000" SH SOLE none "2,000" 25.5 25.5 51000
CPFL Energia S A ADR ADR 126153105 "$2,607" "30,000" SH SOLE none "90,000" 86.9 86.9 2607000
Crane Common Stock 224399105 "$14,823" "300,000" SH SOLE none "300,000" 49.41 49.41 14823000
Cree Common Stock 225447101 "$22,136" "659,000" SH SOLE none "659,000" 33.59 33.59 22135810
CRH PLC ADS ADR 12626K203 $14 600 SH SOLE none 600 22.52 22.52 13512
Ctrip.com Intl ADR ADR 22943F100 $95 "2,200" SH SOLE none "2,200" 43.08 43.08 94776
CVS Caremark Common Stock 126650100 $376 "10,000" SH SOLE none "10,000" 37.58 37.58 375800
Danaher Common Stock 235851102 $38 720 SH SOLE none 720 52.99 52.99 38152.8
DANONE ADS ADR 23636T100 "$6,409" "428,674" SH SOLE none "428,674" 14.95 14.95 6408676.3
Dassault Systems SA ADR ADR 237545108 "$2,140" "25,000" SH SOLE none "25,000" 85.6 85.6 2140000
DealerTrack Holdings Common Stock 242309102 $3 141 SH SOLE none 141 22.95 22.95 3235.95
Dentsply International Common Stock 249030107 "$22,899" "601,340" SH SOLE none "601,340" 38.08 38.08 22899027.2
Devon Energy Common Stock 25179M103 $567 "7,200" SH SOLE none "7,200" 78.81 78.81 567432
Diebold Common Stock 253651103 $25 800 SH SOLE none 800 31.01 31.01 24808
Disney (Walt) Common Stock 254687106 $6 145 SH SOLE none 145 39.04 39.04 5660.8
Dominion Resources Inc./VA Common Stock 25746U109 $6 120 SH SOLE none 120 48.27 48.27 5792.4
Donnelley (RR) & Sons Common Stock 257867101 $165 "8,424" SH SOLE none "8,424" 19.61 19.61 165194.64
Dow Chemical Common Stock 260543103 $66 "1,842" SH SOLE none "1,842" 36 36 66312
Dr Pepper Snapple Common Stock 26138 E109 $671 "16,000" SH SOLE none "16,000" 41.93 41.93 670880
Dr. Reddy's Laboratories ADR ADR 256135203 $275 "8,000" SH SOLE none "8,000" 34.33 34.33 274640
Dreamworks Animation Common Stock 26153C103 $7 330 SH SOLE none 330 20.1 20.1 6633
Duke Energy Common Stock 26441C105 $396 "21,017" SH SOLE none "21,017" 18.82999982 18.83 395743.93
Duke Realty Common Stock 264411505 $325 "23,207" SH SOLE none "23,207" 14.00999999 14.01 325133.18
Dun & Bradstreet Common Stock 26483 E100 "$15,260" "202,014" SH SOLE none "202,014" 75.54 75.54 15260137.56
E.I. du Pont de Nemours Common Stock 263534109 "$21,682" "401,150" SH SOLE none "401,150" 54.05 54.05 21682157.5
E.ON AG ADS ADR 268780103 "$8,829" "310,450" SH SOLE none "310,450" 28.44 28.44 8829198
E*TRADE Financial Common Stock 269246401 $345 "25,000" SH SOLE none "25,000" 13.8 13.8 345000
Edison International Common Stock 281020107 $42 "1,080" SH SOLE none "1,080" 38.75 38.75 41850
Eli Lilly Common Stock 532457108 "$50,977" "1,358,300" SH SOLE none "1,358,300" 37.53 37.53 50976999
Embraer SA ADR ADR 29082A107 $182 "5,902" SH SOLE none "5,902" 30.78 30.78 181663.56
EMC Common Stock 268648102 $63 "2,290" SH SOLE none "2,290" 27.55 27.55 63089.5
EMCOR Common Stock 29084Q100 "$20,517" "700,000" SH SOLE none "700,000" 29.31 29.31 20517000
Emerson Electric Common Stock 291011104 "$19,688" "350,000" SH SOLE none "350,000" 56.25 56.25 19687500
Emulex Common Stock 292475209 $9 "1,000" SH SOLE none "1,000" 8.6 8.6 8600
Enbridge Energy Partners LP Common Stock 29250R106 $982 "32,670" SH SOLE none "32,670" 30.07 30.07 982386.9
EnCana Common Stock 292505104 "$29,542" "959,458" SH SOLE none "959,458" 30.79 30.79 29541711.82
Energen Common Stock 29265N108 "$16,950" "300,000" SH SOLE none "300,000" 56.5 56.5 16950000
Enersis SA ADS ADR 29274F104 "$6,353" "275,000" SH SOLE none "275,000" 23.1 23.1 6352500
Entergy MISS 1st MTG Preferred Stock 29364N876 $25 "1,000" SH SOLE none "1,000" 25.47 25.47 25470
EOG Resources Common Stock 26875P101 $51 485 SH SOLE none 485 104.55 104.55 50706.75
Estee Lauder Common Stock 518439104 "$24,120" "229,297" SH SOLE none "229,297" 105.19 105.19 24119751.43
Expedia Inc. - Cl A Common Stock 30212P105 $33 "1,122" SH SOLE none "1,122" 28.99 28.99 32526.78
Express Scripts Common Stock 302182100 "$27,106" "502,152" SH SOLE none "502,152" 53.98 53.98 27106164.96
Exxon Mobil Common Stock 30231G102 "$29,389" "361,127" SH SOLE none "361,127" 81.38 81.38 29388515.26
Fair Issac & Co Common Stock 303250104 $55 "1,806" SH SOLE none "1,806" 30.2 30.2 54541.2
FairPoint Communications Common Stock 305560104 $0 1 SH SOLE none 1 0 0 0
Fastenal Common Stock 311900104 "$21,783" "605,240" SH SOLE none "605,240" 35.99 35.99 21782587.6
Fibria Celulose SA ADR 31573A109 "$1,979" "150,000" SH SOLE none "150,000" 13.19 13.19 1978500
Fiserv Common Stock 337738108 $28 450 SH SOLE none 450 62.63 62.63 28183.5
Flextronics International Common Stock Y2573F102 $6 "1,000" SH SOLE none "1,000" 6.42 6.42 6420
FLIR Systems Common Stock 302445101 $67 "2,000" SH SOLE none "2,000" 33.71 33.71 67420
Fomento Economico Mex ADS ADR 344419106 "$1,330" "20,000" SH SOLE none "20,000" 66.49 66.49 1329800
Ford Motor Common Stock 345370860 $414 "30,000" SH SOLE none "30,000" 13.79 13.79 413700
Ford Otomotiv Sanayi A.S. Common Stock SB03MSR5L $258 "30,000" SH SOLE none "30,000" 8.5941 8.5941 257823
FPL Group Capital Trust I Preferred Stock 30257v207 $28 "1,100" SH SOLE none "1,100" 25.07 25.07 27577
Freeport-McMoRan Copper & Gold Common Stock 35671D857 "$22,678" "428,702" SH SOLE none "428,702" 52.9 52.9 22678335.8
Frontier Communictions Corp Common Stock 35906A108 $1 70 SH SOLE none 70 8.07 8.07 524.3
Furiex Pharmaceuticals Inc. Common Stock 36106P101 $9 512 SH SOLE none 512 17.79 17.79 9108.48
Gabelli Dividend & Income Trust Common Stock 36242H104 $17 "1,000" SH SOLE none "1,000" 16.61 16.61 16610
Gartner Common Stock 366651107 "$6,102" "151,441" SH SOLE none "151,441" 40.29 40.29 6101557.89
GDF Suez ADR 36160B105 $5 125 SH SOLE none 125 36.58704 36.587 4573.38
General Electric Common Stock 369604103 $317 "16,800" SH SOLE none "16,800" 18.86 18.86 316848
General Mills Common Stock 370334104 "$22,425" "602,488" SH SOLE none "602,488" 37.22 37.22 22424603.36
Genpact Limited Common Stock G3922B107 $138 "8,000" SH SOLE none "8,000" 17.24 17.24 137920
Gentex Common Stock 371901109 "$13,604" "450,000" SH SOLE none "450,000" 30.23 30.23 13603500
Genuine Parts Common Stock 372460105 "$28,584" "525,450" SH SOLE none "525,450" 54.4 54.4 28584480
Georgia Power CO Cl A PFD 6.125% Preferred Stock 373334473 $102 "4,000" SH SOLE none "4,000" 25.3999 25.3999 101599.6
Gilead Sciences Common Stock 375558103 $178 "4,300" SH SOLE none "4,300" 41.41 41.41 178063
GlaxoSmithKline PLC ADS ADR 37733W105 "$24,223" "564,650" SH SOLE none "564,650" 42.9 42.9 24223485
Global Payments Inc Common Stock 37940X102 $19 382 SH SOLE none 382 51 51 19482
Google Common Stock 38259P508 "$28,660" "56,598" SH SOLE none "56,598" 506.38 506.38 28660095.24
Grainger (W.W) Common Stock 384802104 "$23,293" "151,600" SH SOLE none "151,600" 153.65 153.65 23293340
Great Plains Energy Inc. Common Stock 391164100 $4 197 SH SOLE none 197 20.73 20.73 4083.81
Green Mountain Coffee Roasters Common Stock 393122106 $348 "3,900" SH SOLE none "3,900" 89.26 89.26 348114
Guess? Common Stock 401617105 $336 "8,000" SH SOLE none "8,000" 42.06 42.06 336480
Hain Celestial Group Common Stock 405217100 $160 "4,800" SH SOLE none "4,800" 33.36 33.36 160128
Hanesbrands Common Stock 410345102 $2 55 SH SOLE none 55 28.55 28.55 1570.25
Hansen Natural Common Stock 411310105 "$41,349" "510,800" SH SOLE none "510,800" 80.95 80.95 41349260
Harman International Industries Common Stock 413086109 $100 "2,200" SH SOLE none "2,200" 45.57 45.57 100254
Harris Common Stock 413875105 "$31,788" "705,460" SH SOLE none "705,460" 45.06 45.06 31788027.6
HCP Common Stock 40414L109 $14 381 SH SOLE none 381 36.69 36.69 13978.89
Health Care Property Common Stock 42217K106 $16 302 SH SOLE none 302 52.43 52.43 15833.86
Heinz (H.J.) Common Stock 423074103 $80 "1,500" SH SOLE none "1,500" 53.28 53.28 79920
Hewlett-Packard Common Stock 428236103 "$32,194" "884,455" SH SOLE none "884,455" 36.4 36.4 32194162
Home Depot Common Stock 437076102 $10 275 SH SOLE none 275 36.22 36.22 9960.5
Honeywell International Common Stock 438516106 "$27,524" "461,895" SH SOLE none "461,895" 59.59 59.59 27524323.05
Hospira Common Stock 441060100 $325 "5,742" SH SOLE none "5,742" 56.66 56.66 325341.72
Hospitality Properties Trust Common Stock 44106M102 $23 950 SH SOLE none 950 24.25 24.25 23037.5
HSBC Holdings plc ADS ADR 404280406 $56 "1,122" SH SOLE none "1,122" 49.62 49.62 55673.64
HSN Common Stock 404303109 $7 224 SH SOLE none 224 32.92 32.92 7374.08
Human Genome Sciences Common Stock 444903108 $145 "5,900" SH SOLE none "5,900" 24.54 24.54 144786
Humana Common Stock 444859102 "$52,800" "655,574" SH SOLE none "655,574" 80.54 80.54 52799929.96
Hutchison Whampoa ADR ADR 448415208 $2 77 SH SOLE none 192 21.59038961 21.5904 1662.46
IAC/InterActiveCorp Common Stock 44919P508 $21 561 SH SOLE none 561 38.17 38.17 21413.37
ICICI Bank Ltd ADS ADR 45104G104 "$2,219" "45,000" SH SOLE none "45,000" 49.3 49.3 2218500
Idacorp Common Stock 451107106 "$1,272" "32,200" SH SOLE none "32,200" 39.5 39.5 1271900
Illinois Tool Works Common Stock 452308109 "$28,957" "512,600" SH SOLE none "512,600" 56.49 56.49 28956774
Impala Platinum Holdings ADS ADR 452553308 $107 "4,000" SH SOLE none "4,000" 26.81 26.81 107240
Infosys ADS ADR 456788108 "$36,170" "554,500" SH SOLE none "554,500" 65.23 65.23 36170035
ING Groep NV ADS ADR 456837103 "$2,104" "170,078" SH SOLE none "170,078" 12.37 12.37 2103864.86
Integrated Device Technology Common Stock 458118106 $32 "4,030" SH SOLE none "4,030" 7.86 7.86 31675.8
Intel Common Stock 458140100 "$64,616" "2,915,881" SH SOLE none "2,915,881" 22.16 22.16 64615922.96
International Business Machines Common Stock 459200101 "$44,501" "259,404" SH SOLE none "259,404" 171.55 171.55 44500756.2
Interval Leisure Group Common Stock 46113M108 $3 224 SH SOLE none 224 13.69 13.69 3066.56
Intuit Common Stock 461202103 "$48,376" "932,824" SH SOLE none "932,824" 51.86 51.86 48376252.64
IOI Corporation Bhd Common Stock SB1Y3WG1L $281 "160,000" SH SOLE none "160,000" 1.757086 1.757086 281133.76
Iron Mountain Common Stock 462846106 $15 442 SH SOLE none 442 34.09 34.09 15067.78
ishares Russell 2000 Common Stock 464287655 $20 238 SH SOLE none 238 82.8 82.8 19706.4
JAKKS Pacific Common Stock 47012 E106 "$3,682" "200,000" SH SOLE none "200,000" 18.41 18.41 3682000
JM Smucker Common Stock 832696405 "$19,111" "250,010" SH SOLE none "250,010" 76.44 76.44 19110764.4
John Wiley & Sons Common Stock 968223206 "$5,721" "110,000" SH SOLE none "110,000" 52.01 52.01 5721100
Johnson & Johnson Common Stock 478160104 "$62,692" "942,446" SH SOLE none "942,446" 66.52 66.52 62691507.92
Johnson Controls Common Stock 478366107 "$24,996" "600,000" SH SOLE none "600,000" 41.66 41.66 24996000
JP Morgan Chase & Co Common Stock 46625H100 $174 "4,257" SH SOLE none "4,257" 40.94 40.94 174281.58
Kalbe Farma Tbk PT Common Stock S6728102L $118 "300,000" SH SOLE none "300,000" 0.394595 0.394595 118378.5
KB Home Common Stock 48666K109 $147 "15,000" SH SOLE none "15,000" 9.78 9.78 146700
Kellogg Common Stock 487836108 "$22,438" "405,600" SH SOLE none "405,600" 55.32 55.32 22437792
KeyCorp Common Stock 493267108 $11 "1,272" SH SOLE none "1,272" 8.33 8.33 10595.76
Kimberly-Clark Common Stock 494368103 "$20,101" "301,995" SH SOLE none "301,995" 66.56 66.56 20100787.2
Kinder Morgan Energy Partners Common Stock 494550106 $334 "4,600" SH SOLE none "4,600" 72.6 72.6 333960
Knight Transportation Common Stock 499064103 $21 "1,237" SH SOLE none "1,237" 16.99 16.99 21016.63
Kohl's Common Stock 500255104 $25 500 SH SOLE none 500 50.01 50.01 25005
KOMATSU Ltd ADS ADR 500458401 "$1,570" "50,000" SH SOLE none "50,000" 31.4 31.4 1570000
Korea Electric Power ADS ADR 500631106 $265 "20,000" SH SOLE none "20,000" 13.27 13.27 265400
KPJ Healthcare Bhd Common Stock S64935850 $337 "220,000" SH SOLE none "220,000" 1.531937 1.531937 337026.14
LaCrosse Footwear Common Stock 505688101 $108 "7,500" SH SOLE none "7,500" 14.44 14.44 108300
LAN Airlines SA ADS ADR 501723100 "$22,209" "778,717" SH SOLE none "778,717" 28.52 28.52 22209008.84
Life Technologies Common Stock 53217V109 $19 363 SH SOLE none 363 52.07 52.07 18901.41
Lifepoint Hospitals Common Stock 53219L109 $23 581 SH SOLE none 581 39.08 39.08 22705.48
Lincoln Electric Holdings Common Stock 533900106 "$18,398" "513,200" SH SOLE none "513,200" 35.85 35.85 18398220
Lincoln National Common Stock 534187109 $5 177 SH SOLE none 177 28.49 28.49 5042.73
LoopNet Common Stock 543524300 $368 "20,000" SH SOLE none "20,000" 18.38 18.38 367600
Lowe's Common Stock 548661107 "$21,449" "920,146" SH SOLE none "920,146" 23.31 23.31 21448603.26
M&T Bank Corporation Common Stock 55261F104 $6 68 SH SOLE none 68 87.95 87.95 5980.6
McCormick & Co Common Stock 579780206 "$14,871" "300,000" SH SOLE none "300,000" 49.57 49.57 14871000
McGraw-Hill Common Stock 580645109 "$36,625" "873,906" SH SOLE none "873,906" 41.91 41.91 36625400.46
Mead Johnson Nutrition Common Stock 582839106 $799 "11,829" SH SOLE none "11,829" 67.55 67.55 799048.95
Medco Health Solutions Common Stock 58405U102 $70 "1,236" SH SOLE none "1,236" 56.52 56.52 69858.72
MercadoLibre Common Stock 58733R102 $254 "3,200" SH SOLE none "3,200" 79.34 79.34 253888
Merck & Co Common Stock 58933Y105 $157 "4,445" SH SOLE none "4,445" 35.29 35.29 156864.05
Methanex Common Stock 59151K108 "$9,414" "300,000" SH SOLE none "300,000" 31.38 31.38 9414000
Metso ADS ADR 592671101 $972 "17,100" SH SOLE none "17,100" 56.85 56.85 972135
Microchip Technology Common Stock 595017104 "$23,025" "607,350" SH SOLE none "607,350" 37.91 37.91 23024638.5
Microsoft Common Stock 594918104 "$26,239" "1,009,179" SH SOLE none "1,009,179" 26 26 26238654
Millicom Intl Cellular SA Common Stock L6388F110 $11 103 SH SOLE none 103 103.75 103.75 10686.25
Millicom SDB Common Stock SB002LM8L "$1,313" "12,500" SH SOLE none "12,500" 105.0209824 105.020983 1312762.28
Mindray Medical International ADR ADR 602675100 $112 "4,000" SH SOLE none "4,000" 28.05 28.05 112200
Mitsubishi UFJ Financial ADR ADR 606822104 "$1,932" "400,000" SH SOLE none "400,000" 4.83 4.83 1932000
Moody's Common Stock 615369105 $294 "7,655" SH SOLE none "7,655" 38.35 38.35 293569.25
Morningstar Common Stock 617700109 $61 "1,000" SH SOLE none "1,000" 60.78 60.78 60780
Motorola Mobility Holdings Common Stock 620097105 $6 280 SH SOLE none 280 22.04 22.04 6171.2
Motorola Solutions Common Stock 620076307 $15 322 SH SOLE none 322 46.04 46.04 14824.88
MRV Engenharia e Participacoes Common Stock SB235JN10 $251 "30,000" SH SOLE none "30,000" 8.381123333 8.381123 251433.7
MS Structured Asset Preferred Stock 86360Y207 $181 "7,000" SH SOLE none "7,000" 25.8849 25.8849 181194.3
MTN Group LTD Common Stock S6563206L $212 "10,000" SH SOLE none "10,000" 21.249816 21.249816 212498.16
National Fuel Gas Common Stock 636180101 "$9,464" "130,000" SH SOLE none "130,000" 72.8 72.8 9464000
National Grid PLC ADS ADR 636274300 $381 "7,700" SH SOLE none "7,700" 49.43 49.43 380611
Nestle's S.A. Common Stock 641069406 $53 852 SH SOLE none 852 62.05501174 62.055 52870.87
Newcrest Mining Ltd ADS ADR 651191108 "$2,726" "67,301" SH SOLE none "67,301" 40.5 40.5 2725690.5
Newmont Mining Common Stock 651639106 $18 325 SH SOLE none 325 53.97 53.97 17540.25
News Corporation Common Stock 65248 E104 $6 330 SH SOLE none 330 17.7 17.7 5841
NextEra Energy Common Stock 65339F101 "$10,578" "184,086" SH SOLE none "184,086" 57.46 57.46 10577581.56
Nextera Energy Cap Hldgs Inc. Preferred Stock 302570601 $58 "2,000" SH SOLE none "2,000" 28.79 28.79 57580
Nice Systems ADS ADR 653656108 "$2,182" "60,000" SH SOLE none "60,000" 36.36 36.36 2181600
NIDEC ADR ADR 654090109 $733 "31,395" SH SOLE none "31,395" 23.36 23.36 733387.2
Nike Common Stock 654106103 "$27,984" "311,000" SH SOLE none "311,000" 89.98 89.98 27983780
Nintendo ADR 654445303 $398 "17,086" SH SOLE none "17,086" 23.3 23.3 398103.8
NiSource Common Stock 65473P105 $8 387 SH SOLE none 387 20.25 20.25 7836.75
Nissan Motor ADS ADR 654744408 "$2,558" "121,500" SH SOLE none "121,500" 21.05 21.05 2557575
Noble Common Stock H5833N103 "$30,815" "781,912" SH SOLE none "781,912" 39.41 39.41 30815151.92
Noble Energy Common Stock 655044105 $20 218 SH SOLE none 218 89.63 89.63 19539.34
Nokia Corp ADS ADR 654902204 $1 100 SH SOLE none 100 6.42 6.42 642
Nomura Holdings ADR ADR 65535h208 $148 "30,000" SH SOLE none "30,000" 4.93 4.93 147900
Nordstrom Common Stock 655664100 $244 "5,200" SH SOLE none "5,200" 46.94 46.94 244088
Norfolk Southern Common Stock 655844108 "$38,403" "512,525" SH SOLE none "512,525" 74.93 74.93 38403498.25
Northern Trust Common Stock 665859104 $46 "1,000" SH SOLE none "1,000" 45.96 45.96 45960
Novartis AG ADR ADR 66987V109 "$71,866" "1,176,003" SH SOLE none "1,176,003" 61.11 61.11 71865543.33
Novo Nordisk A/S ADS ADR 670100205 "$28,293" "225,839" SH SOLE none "225,839" 125.28 125.28 28293109.92
NRG Energy Common Stock 629377508 $275 "11,200" SH SOLE none "11,200" 24.58 24.58 275296
Nucor Common Stock 670346105 "$8,469" "205,450" SH SOLE none "205,450" 41.22 41.22 8468649
Oracle Common Stock 68389X105 "$40,946" "1,244,188" SH SOLE none "1,244,188" 32.91 32.91 40946227.08
Orient-Express Hotels Common Stock G67743107 "$1,838" "171,000" SH SOLE none "171,000" 10.75 10.75 1838250
Pacific Financial Common Stock 694275108 $14 "3,504" SH SOLE none "3,504" 4.1 4.1 14366.4
Pacific Rubiales Common Stock 69480U206 $214 "8,000" SH SOLE none "8,000" 26.8028 26.8028 214422.4
PAREXEL International Common Stock 699462107 $94 "4,000" SH SOLE none "4,000" 23.56 23.56 94240
Parker Hannifin Common Stock 701094104 "$24,737" "275,650" SH SOLE none "275,650" 89.74 89.74 24736831
Patterson - UTI Energy Common Stock 703481101 $228 "7,200" SH SOLE none "7,200" 31.61 31.61 227592
Patterson Companies Common Stock 703395103 $12 350 SH SOLE none 350 32.89 32.89 11511.5
Peabody Energy Common Stock 704549104 $3 57 SH SOLE none 57 58.91 58.91 3357.87
Pearson PLC ADS ADR 705015105 "$7,499" "394,490" SH SOLE none "394,490" 19.01 19.01 7499254.9
Pennsylvania REIT Common Stock 709102107 $5 350 SH SOLE none 350 15.7 15.7 5495
PepsiCo Common Stock 713448108 "$71,834" "1,019,938" SH SOLE none "1,019,938" 70.43 70.43 71834233.34
Petroleo Brasileiro ADR ADR 71654V408 "$2,577" "76,100" SH SOLE none "76,100" 33.86 33.86 2576746
PetSmart Common Stock 716768106 "$27,796" "612,660" SH SOLE none "612,660" 45.37 45.37 27796384.2
Pfizer Common Stock 717081103 "$25,548" "1,240,183" SH SOLE none "1,240,183" 20.6 20.6 25547769.8
Pharmaceutical Product Development Common Stock 717124101 $568 "21,150" SH SOLE none "21,150" 26.84 26.84 567666
Piedmont Natural Gas Common Stock 720186105 $242 "8,000" SH SOLE none "8,000" 30.26 30.26 242080
PIMCO Commercial Mortgage Secs Common Stock 693388100 $11 "1,000" SH SOLE none "1,000" 11.4 11.4 11400
Pitney Bowes Common Stock 724479100 $8 350 SH SOLE none 350 22.99 22.99 8046.5
Plum Creek Timber Common Stock 729251108 $466 "11,507" SH SOLE none "11,507" 40.54 40.54 466493.78
PNC Bank Common Stock 693475105 $42 705 SH SOLE none 705 59.61 59.61 42025.05
Polycom Common Stock 73172K104 $52 "1,630" SH SOLE none "3,260" 32.15 32.15 52404.5
Potash Corp of Saskatchewan Common Stock 73755L107 "$51,663" "906,525" SH SOLE none "906,525" 56.99 56.99 51662859.75
PPG Industries Common Stock 693506107 "$15,888" "175,000" SH SOLE none "175,000" 90.79 90.79 15888250
Praxair Common Stock 74005P104 "$23,979" "221,225" SH SOLE none "221,225" 108.39 108.39 23978577.75
Precision Drilling Common Stock 74022D308 $43 "2,970" SH SOLE none "2,970" 14.36 14.36 42649.2
Procter & Gamble Common Stock 742718109 "$25,964" "408,432" SH SOLE none "408,432" 63.57 63.57 25964022.24
PT Indosat Tbk ADR ADR 744383100 $603 "20,000" SH SOLE none "20,000" 30.1699 30.1699 603398
PT Semen Gresik Tbk Common Stock S67952360 $224 "200,000" SH SOLE none "200,000" 1.121121 1.121121 224224.2
Public Storage International Common Stock 74460D109 $128 "1,119" SH SOLE none "1,119" 114.01 114.01 127577.19
Qualcomm Common Stock 747525103 "$46,929" "826,368" SH SOLE none "826,368" 56.79 56.79 46929438.72
Quest Diagnostics Common Stock 74834L100 $3 49 SH SOLE none 49 59.1 59.1 2895.9
Quimica y Minera Chile S.A. ADS ADR 833635105 $259 "4,000" SH SOLE none "4,000" 64.72 64.72 258880
Raymond James Financial Common Stock 754730109 $229 "7,138" SH SOLE none "7,138" 32.15 32.15 229486.7
Raytheon Common Stock 755111507 $346 "6,944" SH SOLE none "6,944" 49.85 49.85 346158.4
RealNetworks Common Stock 75605L104 $3 800 SH SOLE none 800 3.4 3.4 2720
Red Lion Hotels Common Stock 756764106 $395 "50,000" SH SOLE none "50,000" 7.9 7.9 395000
Regal-Beloit Common Stock 758750103 "$20,398" "305,500" SH SOLE none "305,500" 66.77 66.77 20398235
Regions Financial Common Stock 7591EP100 $8 "1,329" SH SOLE none "1,329" 6.2 6.2 8239.8
Repsol YPF SA ADS ADR 76026T205 "$3,185" "91,638" SH SOLE none "91,638" 34.76 34.76 3185336.88
Richter Gedeon Nyrt. Common Stock S4042387L $198 "1,000" SH SOLE none "1,000" 197.65971 197.659705 197659.71
Rio Tinto PLC ADS ADR 767204100 "$26,954" "372,703" SH SOLE none "372,703" 72.32 72.32 26953880.96
Ritchie Bros Auctioneers Common Stock 767744105 $907 "33,000" SH SOLE none "33,000" 27.49 27.49 907170
Rockwell Automation Common Stock 773903109 "$28,197" "325,000" SH SOLE none "325,000" 86.76 86.76 28197000
Rogers Communications Common Stock 775109200 "$7,914" "200,249" SH SOLE none "200,249" 39.52 39.52 7913840.48
Royal Dutch Shell PLC ADR 780259206 $71 "1,000" SH SOLE none "1,000" 71.13 71.13 71130
RPM International Common Stock 749685103 "$4,167" "181,000" SH SOLE none "181,000" 23.02 23.02 4166620
Ryanair Holdings plc ADS ADR 783513104 $587 "20,000" SH SOLE none "20,000" 29.34 29.34 586800
SanDisk Common Stock 80004C101 "$15,355" "370,000" SH SOLE none "370,000" 41.5 41.5 15355000
Sanmina Common Stock 800907206 $4 405 SH SOLE none 405 10.33 10.33 4183.65
Sanofi ADR ADR 80105N105 $52 "1,305" SH SOLE none "1,305" 40.17 40.17 52421.85
SAP AG ADS ADR 803054204 "$27,365" "451,200" SH SOLE none "451,200" 60.65 60.65 27365280
Sara Lee Common Stock 803111103 $8 444 SH SOLE none 444 18.99 18.99 8431.56
Sasol Ltd ADS ADR 803866300 $264 "5,000" SH SOLE none "5,000" 52.89 52.89 264450
Schlumberger Ltd Common Stock 806857108 $263 "3,045" SH SOLE none "3,045" 86.4 86.4 263088
Sempra Energy Common Stock 816851109 "$2,493" "47,140" SH SOLE none "47,140" 52.88 52.88 2492763.2
Semtech Common Stock 816850101 $36 "1,330" SH SOLE none "1,330" 27.34 27.34 36362.2
Senior Housing PPTYS Trust Common Stock 81721M109 $211 "9,000" SH SOLE none "9,000" 23.41 23.41 210690
Shire PLC ADR ADR 82481r106 "$3,015" "32,000" SH SOLE none "32,000" 94.21 94.21 3014720
Simon Property Group Common Stock 828806109 $133 "1,147" SH SOLE none "1,147" 116.23 116.23 133315.81
Singapore Telecom ADR ADR 82929R304 $102 "3,955" SH SOLE none "3,955" 25.74100126 25.741 101805.66
SK Telecom ADR ADR 78440P108 "$4,301" "230,000" SH SOLE none "230,000" 18.7 18.7 4301000
Source Capital $2.40 pfd Preferred Stock 836144204 $9 260 SH SOLE none 260 34.825 34.825 9054.5
Southern Copper Common Stock 84265V105 $131 "4,000" SH SOLE none "4,000" 32.87 32.87 131480
Southwest Airlines Common Stock 844741108 $11 "1,000" SH SOLE none "1,000" 11.42 11.42 11420
SPDR Gold Trust GS Common Stock 78463V107 $49 337 SH SOLE none 337 146.0010089 146.001 49202.34
SPDR S&P Midcap 400 ETF Common Stock 78467Y107 $18 99 SH SOLE none 99 177.45 177.45 17567.55
Spectra Energy Common Stock 847560109 $528 "19,258" SH SOLE none "19,258" 27.41 27.41 527861.78
St. Jude Medical Common Stock 790849103 $0 "1,775" SH SOLE none "1,775" 0 47.68 0
Stage Stores Common Stock 85254C305 $59 "3,487" SH SOLE none "3,487" 16.8 16.8 58581.6
Stanley Black & Decker Common Stock 854502101 "$7,453" "103,446" SH SOLE none "103,446" 72.05 72.05 7453284.3
Staples Common Stock 855030102 "$6,576" "416,216" SH SOLE none "416,216" 15.8 15.8 6576212.8
State Street Common Stock 857477103 $17 377 SH SOLE none 377 45.09 45.09 16998.93
Statoil ADS ADR 85771P102 $819 "32,176" SH SOLE none "32,176" 25.45 25.45 818879.2
Stericycle Common Stock 858912108 $23 260 SH SOLE none 260 89.12 89.12 23171.2
Sterlite Industries (India) ADR ADR 859737207 $30 "2,000" SH SOLE none "2,000" 15.05 15.05 30100
Stryker Common Stock 863667101 "$17,607" "300,000" SH SOLE none "300,000" 58.69 58.69 17607000
Suburban Propane Partners LP Common Stock 864482104 $314 "6,000" SH SOLE none "6,000" 52.28 52.28 313680
Suncor Energy Common Stock 867224107 "$27,370" "700,000" SH SOLE none "700,000" 39.1 39.1 27370000
Swire Pac LTD ADR 870794302 $2 169 SH SOLE none 169 14.68899408 14.689 2482.44
Synchronoss Technologies Common Stock 87157B103 $476 "15,000" SH SOLE none "15,000" 31.73 31.73 475950
T. Rowe Price Group Inc. Common Stock 74144T108 $63 "1,050" SH SOLE none "1,050" 60.34 60.34 63357
Taiwan Semiconductor ADS ADR 874039100 "$35,106" "2,783,958" SH SOLE none "2,783,958" 12.61 12.61 35105710.38
Target Common Stock 87612 E106 $14 300 SH SOLE none 300 46.91 46.91 14073
Tata Motors Limited ADS ADR 876568502 $125 "5,542" SH SOLE none "5,542" 22.51 22.51 124750.42
TCW Convertible Securities Fund Common Stock 872340104 $10 "1,875" SH SOLE none "1,875" 5.33 5.33 9993.75
Teck Resources LTD Common Stock 878742204 "$36,079" "711,050" SH SOLE none "711,050" 50.74 50.74 36078677
Teekay LNG Partners LP Common Stock Y8564M105 $450 "12,150" SH SOLE none "12,150" 37.0134 37.0134 449712.81
Telecom New Zealand ADS ADR 879278208 $245 "24,266" SH SOLE none "24,266" 10.1 10.1 245086.6
Telecomunicacoes de Sao Paulo ADR ADR 87929A102 "$1,723" "58,000" SH SOLE none "58,000" 29.7 29.7 1722600
Telefonica SA ADS ADR 879382208 "$2,493" "101,811" SH SOLE none "101,811" 24.49 24.49 2493351.39
Telefonos de Mexico SAB de CV ADS ADR 879403780 $634 "38,400" SH SOLE none "38,400" 16.5 16.5 633600
Telekom Austria AG ADR ADR 87943Q109 $4 148 SH SOLE none 148 25.51702703 25.517 3776.52
Telekomunik Indonesia ADS ADR 715684106 $242 "7,000" SH SOLE none "7,000" 34.5 34.5 241500
Telenor ASA ADR ADR 87944W105 $11 226 SH SOLE none 226 49.3989823 49.399 11164.17
Telephone & Data Sys 6.625% Pfd Preferred Stock 879433852 $52 "2,100" SH SOLE none "2,100" 24.85 24.85 52185
Telstra ADR ADR 87969N204 "$2,342" "150,000" SH SOLE none "150,000" 15.61 15.61 2341500
Telus Common Stock 87971M103 $275 "5,000" SH SOLE none "5,000" 55.0202 55.0202 275101
Telus Common Stock 87971M202 "$7,837" "149,000" SH SOLE none "149,000" 52.6 52.6 7837400
Tenaris SA ADR ADR 88031M109 "$5,350" "117,000" SH SOLE none "117,000" 45.73 45.73 5350410
Teva Pharmaceutical Industries ADS ADR 881624209 "$2,470" "51,216" SH SOLE none "51,216" 48.22 48.22 2469635.52
TJX Companies Common Stock 872540109 "$31,518" "600,000" SH SOLE none "600,000" 52.53 52.53 31518000
Toronto-Dominion Bank Common Stock 891160509 "$3,827" "45,072" SH SOLE none "45,072" 84.9 84.9 3826612.8
Total SA ADS ADR 89151 E109 "$24,391" "421,700" SH SOLE none "421,700" 57.84 57.84 24391128
Toyota Motor ADS ADR 892331307 "$1,711" "20,765" SH SOLE none "20,765" 82.42 82.42 1711451.3
Transocean Common Stock H8817H100 $5 78 SH SOLE none 78 64.56 64.56 5035.68
Travelcenters of America Common Stock 894174101 $1 95 SH SOLE none 95 5.45 5.45 517.75
Trimble Navigation Common Stock 896239100 "$32,793" "827,270" SH SOLE none "827,270" 39.64 39.64 32792982.8
Turkcell Iletisim Hizmetleri ADR ADR 900111204 "$2,344" "172,994" SH SOLE none "172,994" 13.55 13.55 2344068.7
Tyco International Common Stock H89128104 $49 "1,000" SH SOLE none "1,000" 49.43 49.43 49430
Ultralife Batteries Common Stock 903899102 $47 "10,000" SH SOLE none "10,000" 4.69 4.69 46900
Unilever N.V. Common Stock 904784709 $190 "5,784" SH SOLE none "5,784" 32.85 32.85 190004.4
Unilever PLC ADS ADR 904767704 "$11,234" "346,850" SH SOLE none "346,850" 32.39 32.39 11234471.5
Union Pacific Common Stock 907818108 $57 545 SH SOLE none 545 104.4 104.4 56898
United Parcel Service Common Stock 911312106 "$52,526" "720,224" SH SOLE none "720,224" 72.93 72.93 52525936.32
United States Steel Common Stock 912909108 "$11,648" "253,000" SH SOLE none "253,000" 46.04 46.04 11648120
United Technologies Common Stock 913017109 "$22,259" "251,485" SH SOLE none "251,485" 88.51 88.51 22258937.35
UnitedHealth Group Common Stock 91324P102 $345 "6,680" SH SOLE none "6,680" 51.58 51.58 344554.4
Urban Outfitters Common Stock 917047102 "$9,508" "337,747" SH SOLE none "337,747" 28.15 28.15 9507578.05
US Bancorp Common Stock 902973304 $36 "1,430" SH SOLE none "1,430" 25.51 25.51 36479.3
USEC Common Stock 90333 E108 $11 "3,350" SH SOLE none "3,350" 3.34 3.34 11189
USG Common Stock 903293405 $1 64 SH SOLE none 64 14.34 14.34 917.76
Vale SA-SP ADR ADR 91912 E105 "$2,157" "67,500" SH SOLE none "67,500" 31.95 31.95 2156625
Valero Energy Common Stock 91913Y100 $41 "1,610" SH SOLE none "1,610" 25.57 25.57 41167.7
VCA Antech Common Stock 918194101 "$12,107" "571,100" SH SOLE none "571,100" 21.2 21.2 12107320
Verigy Common Stock Y93691106 $15 "1,043" SH SOLE none "1,043" 14.12 14.12 14727.16
Verizon Communications Common Stock 92343V104 $11 295 SH SOLE none 295 37.23 37.23 10982.85
Vestas Wind Systems ADR ADR 925458101 $393 "50,000" SH SOLE none "50,000" 7.86 7.86 393000
VF Corp Common Stock 918204108 $217 "2,000" SH SOLE none "2,000" 108.56 108.56 217120
Viasystems Group Common Stock 92553H803 $5 226 SH SOLE none 226 22.49 22.49 5082.74
Visa Common Stock 92826C839 $51 600 SH SOLE none 600 84.26 84.26 50556
Vodafone Group PLC ADS ADR 92857W209 "$8,089" "302,744" SH SOLE none "302,744" 26.72 26.72 8089319.68
Walgreen Common Stock 931422109 $44 "1,025" SH SOLE none "1,025" 42.46 42.46 43521.5
Washington Banking Common Stock 937303105 $370 "28,000" SH SOLE none "28,000" 13.22 13.22 370160
Washington Federal Common Stock 938824109 $33 "2,000" SH SOLE none "2,000" 16.43 16.43 32860
Waste Connections Common Stock 941053100 $16 496 SH SOLE none 496 31.73 31.73 15738.08
Watson Pharmaceuticals Common Stock 942683103 $8 119 SH SOLE none 119 68.73 68.73 8178.87
Weatherford International Common Stock H27013103 $48 "2,580" SH SOLE none "2,580" 18.75 18.75 48375
Wells Fargo & Co Common Stock 949746101 $65 "2,315" SH SOLE none "2,315" 28.06 28.06 64958.9
Western Digital Common Stock 958102105 $109 "3,000" SH SOLE none "3,000" 36.38 36.38 109140
Weyerhaeuser Common Stock 962166104 $638 "29,176" SH SOLE none "29,176" 21.86 21.86 637787.36
Whirlpool Common Stock 963320106 $6 72 SH SOLE none 72 81.32 81.32 5855.04
Williams Companies Common Stock 969457100 $91 "3,000" SH SOLE none "3,000" 30.25 30.25 90750
Wolverine World Wide Common Stock 978097103 $22 517 SH SOLE none 517 41.75 41.75 21584.75
WOR Call July 16 2011 $20 "Option, equity" 99QAA7UV5 -$5 15 CALL SOLE none 15 -330 3.3 -4950
Worthington Industries Common Stock 981811102 $92 "4,000" SH SOLE none "4,000" 23.1 23.1 92400
Wright Express Corp Common Stock 98233Q105 $17 322 SH SOLE none 322 52.07 52.07 16766.54
Xcel Energy Common Stock 98389B100 $4 172 SH SOLE none 172 24.3 24.3 4179.6
Xilinx Common Stock 983919101 "$21,882" "600,000" SH SOLE none "600,000" 36.47 36.47 21882000
"Zebra Technologies, Cl A" Common Stock 989207105 $34 817 SH SOLE none 817 42.17 42.17 34452.89
Zimmer Common Stock 98956P102 "$14,316" "226,520" SH SOLE none "226,520" 63.2 63.2 14316064
ZON Multimedia Spon ADR 98977Q105 $0 42 SH SOLE none 42 4.640952381 4.641 194.92
TOTAL "$3,520,156"