0000902584-13-000002.txt : 20130214
0000902584-13-000002.hdr.sgml : 20130214
20130214155719
ACCESSION NUMBER: 0000902584-13-000002
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20121231
FILED AS OF DATE: 20130214
DATE AS OF CHANGE: 20130214
EFFECTIVENESS DATE: 20130214
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: ADVISORY RESEARCH INC
CENTRAL INDEX KEY: 0000902584
IRS NUMBER: 132831881
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-05637
FILM NUMBER: 13613376
BUSINESS ADDRESS:
STREET 1: 180 N. STETSON STREET
STREET 2: STE 5500
CITY: CHICAGO
STATE: IL
ZIP: 60601
BUSINESS PHONE: 3125651414
MAIL ADDRESS:
STREET 1: 180 N. STETSON STREET
STREET 2: SUITE 5780
CITY: CHICAGO
STATE: IL
ZIP: 60601
13F-HR
1
ari4q12.txt
ARI 13F HR 4Q12
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/2012
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: Advisory Research, Inc.
Address: 180 N. Stetson Ave., Suite 5500
Chicago, IL 60601
Form 13F File Number: 28-05030
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: Brien O'Brien
Phone: 312-565-1414
Signature, Place, and Date of Signing:
/s/Brien O'Brien Chicago, IL 02/14/2013
___________________________ _______________ __________
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 350
Form 13F Information Table Value Total: $7,889,046
(thousands)
List of Other Included Mangers:
No. Form 13F File # Name
02 028-11097 Guggenheim Funds Investment Advisors LLC
Title Value Shares/ InvstmtOtheVtg Auth
Name of Issuer of claCUSIP (x$1000) Prn Amt DscretnMgrsSole None
AGL RES INC COM 001204106 5317 133037 SOLE 133037
ADVANCED MICRO DEVIC COM 007903107 36 15196 SOLE 15196
AGREE REALTY CORP CO COM 008492100 1185 44250 SOLE 44250
AIR PRODS & CHEMS IN COM 009158106 16839 200421 SOLE 200421
ALAMO GROUP INC COM COM 011311107 1305 39990 SOLE 39990
ALCOA INC COM 013817101 245 28181 SOLE 28181
ALEXANDER & BALDWIN COM 014491104 83035 2827215 SOLE 2827215
AMERCO INC COM 023586100 52843 416711 SOLE 416711
AMERICAN EXPRESS CO COM 025816109 18102 314932 SOLE 314932
ANADARKO PETROLEUM COM 032511107 6994 94125 SOLE 94125
ANALOGIC CORP COM 032657207 31124 418895 SOLE 418895
ANDERSONS INC COM 034164103 40706 948868 SOLE 948868
ANNALY MTG MGMT INC COM 035710409 2431 173170 SOLE 173170
APOGEE ENTERPRISES I COM 037598109 13128 547667 SOLE 547667
APPLE INC COM 037833100 1016 1910 SOLE 1910
ASCENT MEDIA CORP CO COM 043632108 279 4500 SOLE 4500
ASSOCIATED BANC CORP COM 045487105 8063 614552 SOLE 614552
ASTEC INDS INC COM COM 046224101 1360 40760 SOLE 40760
ASTRAZENECA PLC SPON COM 046353108 2381 50370 SOLE 50370
ATLAS AIR WORLDWIDE COM 049164205 82900 1870481 SOLE 1870481
AVERY DENNISON CORP COM 053611109 30291 867441 SOLE 867441
AVNET INC COM 053807103 114696 3746995 SOLE 3746995
BANK OF AMERICA CORP 7.25%C 060505682 7667 6755 SOLE 6755
BBCN BANCORP INC COM COM 073295107 1443 124756 SOLE 124756
BECTON DICKINSON & C COM 075887109 13918 178005 SOLE 178005
BED BATH & BEYOND IN COM 075896100 15831 283159 SOLE 283159
BERKLEY W R CORP COM 084423102 48974 1297664 SOLE 1297664
BERKSHIRE HATHAWAY I COM 084670108 3754 28 SOLE 28
BERKSHIRE HATHAWAY I CLB 084670702 20561 229216 SOLE 229216
BEXIL CORP COM 088577101 4410 88200 SOLE 88200
BOSWELL J G CO COM 101205102 1210 1481 SOLE 1481
CIT GROUP INC COM 125581801 70379 1821411 SOLE 1821411
CABOT CORP COM 127055101 63811 1603698 SOLE 1603698
CABOT OIL & GAS CORP COM 127097103 275 5531 SOLE 5531
CAPITAL SOUTHWEST CO COM 140501107 2727 27373 SOLE 27373
CARRIZO OIL & GAS IN COM 144577103 62103 2968590 SOLE 2968590
CASCADE CORP COM COM 147195101 1044 16241 SOLE 16241
CASEYS GEN STORES IN COM 147528103 106878 2012769 SOLE 2012769
CATERPILLAR INC COM 149123101 23188 258767 SOLE 258767
CENTURYLINK INC. COM 156700106 2807 71758 SOLE 71758
CHEVRON CORPORATION COM 166764100 25799 238570 SOLE 238570
CHICAGO RIVET & MACH COM 168088102 1278 65700 SOLE 65700
CHICOS FAS INC COM 168615102 30877 1672627 SOLE 1672627
CHUBB CORP COM 171232101 1606 21322 SOLE 21322
COLGATE PALMOLIVE CO COM 194162103 608 5819 SOLE 5819
COMERICA INC COM 200340107 79187 2609999 SOLE 2609999
COMMONWEALTH REIT SH COM 203233101 396 25000 SOLE 25000
COMMONWEALTH REIT 6. 6.50% 203233408 1152 49900 SOLE 49900
COMMUNICATIONS SYS I COM 203900105 2028 194972 SOLE 194972
COPANO ENERGY LLC COM UN 217202100 76336 2413419 SOLE 2374304 39115
COPANO ENERGY LLC COM UN 217202100 24807 784287DEFINED02 784287
CORE MARK HOLDING CO COM 218681104 62880 1327977 SOLE 1327977
CROWN CASTLE INTL CO COM 228227104 325 4502 SOLE 4502
DEERE & CO COM 244199105 17307 200270 SOLE 200270
DELTIC TIMBER CORP COM 247850100 67136 950659 SOLE 950659
DENBURY RESOURCES IN COM 247916208 9725 600282 SOLE 600282
DISCOVER FINANCIAL S COM 254709108 69930 1813999 SOLE 1813999
EXCO RESOURCES INC C COM 269279402 181 26750 SOLE 26750
EASTERN INS HLDGS IN COM 276534104 4220 247052 SOLE 247052
EATON VANCE FLTING R COM 278279104 441 25870 SOLE 25870
EL PASO PIPELINE PARTCOM UN 283702108 54217 1466516 SOLE 1440841 25675
EL PASO PIPELINE PARTCOM UN 283702108 20834 563529DEFINED02 563529
EMERSON ELEC CO COM 291011104 21185 400019 SOLE 400019
ENCORE CAP GROUP INC COM 292554102 9470 309286 SOLE 309286
ENCORE WIRE CORP COM 292562105 92697 3058307 SOLE 3058307
ENTERPRISE PRODUCTS PCOM 293792107 175754 3509456 SOLE 3456726 52730
ENTERPRISE PRODUCTS PCOM 293792107 68305 1363925DEFINED02 1363925
ESPEY MFG & ELECTRS COM 296650104 3263 129482 SOLE 129482
FIFTH THIRD BANCORP COM 316773100 1761 115825 SOLE 115825
FIRST LONG IS CORP C COM 320734106 3444 121617 SOLE 121617
FOOT LOCKER INC COM 344849104 129133 4020318 SOLE 4020318
GATX CORP COM 361448103 47045 1086484 SOLE 1086484
GENERAL DYNAMICS COR COM 369550108 729 10524 SOLE 10524
GENESIS ENERGY LP UNIT L 371927104 86744 2428446 SOLE 2378066 50380
GENESIS ENERGY LP UNIT L 371927104 29955 838605DEFINED02 838605
GLATFELTER COM COM 377316104 47405 2711970 SOLE 2711970
GOODRICH PETE CORP C COM 382410405 543 58227 SOLE 58227
GREAT LAKES DREDGE & COM 390607109 219 24500 SOLE 24500
GREENBRIER COS INC C COM 393657101 167 10300 SOLE 10300
GREENE CNTY BANCORP COM 394357107 1000 47626 SOLE 47626
GULFPORT ENERGY CORP COM 402635304 15881 415523 SOLE 415523
HASBRO INC COM 418056107 2099 58481 SOLE 58481
HEALTHCARE SERVICES COM 421906108 47278 2035205 SOLE 2035205
HOLLY ENERGY PARTNERSCOM UT 435763107 10520 159920 SOLE 159920
HOLLY ENERGY PARTNERSCOM UT 435763107 10961 166625DEFINED02 166625
HORSEHEAD HLDG CORP COM 440694305 908 88960 SOLE 88960
HUMANA INC COM 444859102 9683 141090 SOLE 141090
HYATT HOTELS CORP CL CLA 448579102 66654 1728134 SOLE 1728134
INERGY LP UNIT L 456615103 68166 3747443 SOLE 3697213 50230
INERGY LP UNIT L 456615103 32373 1779726DEFINED02 1779726
I B M COM 459200101 18783 98059 SOLE 98059
ISHARES TR DJ SEL DI DJ SEL 464287168 2839 49600 SOLE 49600
ISHARES TR RUSSL 200 COM 464287630 1040 13772 SOLE 13772
ISHARES TR US PFD ST US PFD 464288687 2480 62593 SOLE 62593
JEFFERIES GROUP INC COM 472319102 20384 1097668 SOLE 1097668
JOHNSON & JOHNSON COM 478160104 25939 370035 SOLE 370035
KAISER ALUMINUM CORP COM 483007704 131177 2126383 SOLE 2126383
KEYCORP COM 493267108 42706 5071961 SOLE 5071961
KINDER MORGAN ENERGY UT LTD 494550106 4676 58612 SOLE 58612
LSB INDS INC COM COM 502160104 15989 451404 SOLE 451404
LAYNE CHRISTENSEN CO COM 521050104 1352 55725 SOLE 55725
LEUCADIA NATIONAL CO COM 527288104 130903 5502426 SOLE 5502426
LIMONEIRA CO COM 532746104 1552 80050 SOLE 80050
LINN CO LLC COM SH 535782106 76 2090 SOLE 2090
M D C HOLDINGS INC COM 552676108 109393 2975878 SOLE 2975878
MFS CHARTER INCOME T SH BEN 552727109 2415 238595 SOLE 238595
MFS MULTIMARKET INCO SH BEN 552737108 2486 341540 SOLE 341540
MAGELLAN MIDSTREAM PACOM UN 559080106 79643 1844018 SOLE 1812578 31440
MAGELLAN MIDSTREAM PACOM UN 559080106 43643 1010497DEFINED02 1010497
MAGELLAN PETE CORP COM 559091301 1581 1714566 SOLE 1714566
MARCUS CORP COM 566330106 26710 2141966 SOLE 2141966
MARKWEST ENERGY PARTNUNIT L 570759100 33051 647935 SOLE 647935
MARKWEST ENERGY PARTNUNIT L 570759100 19446 381225DEFINED02 381225
MATERIAL SCIENCES CO COM 576674105 1155 127870 SOLE 127870
MATERION CORP COM COM 576690101 31720 1230429 SOLE 1230429
MCDONALDS CORP COM 580135101 21005 238124 SOLE 238124
MCRAE INDS INC CL A CLA 582757209 2327 130161 SOLE 130161
MEDTRONIC INC COM 585055106 16886 411644 SOLE 411644
MENS WEARHOUSE INC COM 587118100 83598 2682871 SOLE 2682871
MEREDITH CORP COM 589433101 2850 82740 SOLE 82740
MICROSOFT CORP COM 594918104 17048 638262 SOLE 638262
MIDWESTONE FINL GROU COM 598511103 598 29160 SOLE 29160
MILLER INDS INC TENN COM 600551204 1156 75820 SOLE 75820
MOLEX INC CL A CLA 608554200 96426 4320166 SOLE 4320166
MOTOROLA SOLUTIONS I COM 620076307 17360 311778 SOLE 311778
NATIONAL FUEL & GAS COM 636180101 380 7500 SOLE 7500
NAVIGATORS GROUP INC COM 638904102 28969 567245 SOLE 567245
NEW ULM TELECOM INC COM 649060100 862 143640 SOLE 143640
NEWFIELD EXPL CO COM COM 651290108 603 22514 SOLE 22514
NORTHERN TR CORP COM 665859104 602 11995 SOLE 11995
NORTHROP GRUMMAN COR COM 666807102 8407 124397 SOLE 124397
NUVEEN PA INVT QUALI COM 670972108 158 10100 SOLE 10100
OCCIDENTAL PETROLEUM COM 674599105 4314 56310 SOLE 56310
OILTANKING PARTNERS LUNIT L 678049107 5318 140455 SOLE 140455
ONEOK INC. COM 682680103 8133 190255 SOLE 190255
OSHKOSH CORP COM COM 688239201 16317 550320 SOLE 550320
OWENS CORNING NEW CO COM 690742101 61938 1674454 SOLE 1674454
OXFORD RESOURCE PARTNCOM UN 691807101 3683 833175 SOLE 833175
OXFORD RESOURCE PARTNCOM UN 691807101 1613 365000DEFINED02 365000
PEP BOYS MANNY MOE & COM 713278109 1301 132300 SOLE 132300
PEPSICO INC COM 713448108 19661 287315 SOLE 287315
PHILIP MORRIS INTL I COM 718172109 244 2913 SOLE 2913
PHILLIPS 66 COM 718546104 7787 146645 SOLE 146645
PIONEER NATURAL RESO COM 723787107 98358 922774 SOLE 922774
PIPER JAFFRAY COMPAN COM 724078100 2646 82361 SOLE 82361
PLAINS ALL AMERICAN PUNIT L 726503105 206778 4570681 SOLE 4509606 61075
PLAINS ALL AMERICAN PUNIT L 726503105 72000 1591502DEFINED02 1591502
PLEXUS CORP COM COM 729132100 57686 2235898 SOLE 2235898
PLUM CREEK TIMBER CO COM 729251108 114794 2587193 SOLE 2587193
PROCTER & GAMBLE COM COM 742718109 1681 24754 SOLE 24754
RADISYS CORP COM COM 750459109 42 14250 SOLE 14250
RAYMOND JAMES FINANC COM 754730109 104628 2715493 SOLE 2715493
RAYTHEON CO COM 755111507 17616 306043 SOLE 306043
REGENCY AFFILIATES I COM 758847404 748 114215 SOLE 114215
RENTECH INC COM COM 760112102 117 44400 SOLE 44400
REX ENERGY CORPORATI COM 761565100 449 34500 SOLE 34500
RICHARDSON ELECTRS L COM 763165107 2843 251186 SOLE 251186
ROUSE PPTYS INC COM COM 779287101 1203 71125 SOLE 71125
SCANSOURCE INC COM COM 806037107 4242 133515 SOLE 133515
SCHEID VINEYARDS INC CLA 806403200 482 33210 SOLE 33210
SCHNITZER STL INDS I CLA 806882106 58457 1927361 SOLE 1927361
SEACOR HOLDINGS INC COM 811904101 47892 571500 SOLE 571500
SENECA FOODS CORP NE CLA 817070501 12561 413198 SOLE 413198
SMUCKER J M CO COM 832696405 8621 99966 SOLE 99966
SOUTHERN CO COM 842587107 3358 78440 SOLE 78440
SOUTHWESTERN ENERGY COM 845467109 437 13090 SOLE 13090
SPECTRA ENERGY CORP. COM 847560109 3363 122820 SOLE 122820
SPIRIT AEROSYSTEMS H CLA 848574109 31506 1856584 SOLE 1856584
STATE BK FINL CORP C COM 856190103 1104 69550 SOLE 69550
STEPAN CHEMICAL CO COM 858586100 300 5400 SOLE 5400
STIFEL FINANCIAL COR COM 860630102 206 6450 SOLE 6450
SUMMIT MIDSTREAM PARTCOM UN 866142102 3417 172300 SOLE 172300
SUMMIT MIDSTREAM PARTCOM UN 866142102 2199 110900DEFINED02 110900
SUPERIOR UNIFORM INC COM 868358102 4257 371829 SOLE 371829
SYSTEMAX INC COM COM 871851101 921 95487 SOLE 95487
TESSCO TECHNOLOGIES COM 872386107 982 44375 SOLE 44375
TANDY BRANDS ACCESSO COM 875378101 47 31569 SOLE 31569
TECH DATA CORP COM 878237106 30217 663679 SOLE 663679
TELETECH HOLDINGS IN COM 879939106 35521 1995584 SOLE 1995584
THIRD CENTY BANCORP COM 884120106 255 72797 SOLE 72797
TRANSDIGM GROUP INC COM 893641100 245 1800 SOLE 1800
TRINITY INDS INC COM 896522109 139907 3905822 SOLE 3905822
UNILEVER PLC SPON AD COM 904767704 19722 509341 SOLE 509341
UNITED TECHNOLOGIES COM 913017109 16777 204572 SOLE 204572
VULCAN INTL CORP COM 929136109 1446 50738 SOLE 50738
WABASH NATL CORP COM COM 929566107 118 13100 SOLE 13100
WAL MART STORES INC COM 931142103 26706 391415 SOLE 391415
WARWICK VALLEY TEL C COM 936750108 2566 245758 SOLE 245758
WELLS FARGO & CO COM 949746101 408 11931 SOLE 11931
WESTERN GAS PARTNERS COM UN 958254104 78160 1640993 SOLE 1609733 31260
WESTERN GAS PARTNERS COM UN 958254104 22864 480025DEFINED02 480025
WESTERN UNION CO COM 959802109 6916 508136 SOLE 508136
WILLIAMS COMPANIES COM 969457100 13430 410195 SOLE 410195
WINTHROP RLTY TR SH COM 976391300 2466 223125 SOLE 223125
UNIVERSAL AMERICAN S COM 91338E101 28341 3299318 SOLE 3299318
TARGET CORP COM 87612E106 18614 314588 SOLE 314588
A T & T INC (NEW) COM 00206R102 4257 126295 SOLE 126295
A V HOMES INC COM 00234P102 936 65833 SOLE 65833
ACCESS MIDSTREAM PARTUNIT 00434l109 39901 1189649 SOLE 1170194 19455
ACCESS MIDSTREAM PARTUNIT 00434l109 15880 473450DEFINED02 473450
ALLEGHENY TECHNOLOGI COM 01741R102 48175 1586788 SOLE 1586788
ALLIANCE HOLDINGS GP COM UN 01861G100 9381 197165 SOLE 197165
ALLIANCE HOLDINGS GP COM UN 01861G100 4758 100000DEFINED02 100000
ALLIANCE RESOURCE PARUT LTD 01877r108 7652 131800DEFINED02 131800
ALTRIA GROUP INC COM 02209S103 5190 165084 SOLE 165084
AMERICAN MIDSTREAM PACOM UN 02752p100 106 7800 7800
AMERICAN MIDSTREAM PACOM UN 02752p100 2844 208500DEFINED02 208500
AMERICAN RAILCAR IND COM 02916P103 49306 1553910 SOLE 1553910
AMERICAN TOWER REIT COM 03027X100 237 3070 SOLE 3070
AVALON HLDGS CORP CL CLA 05343P109 1435 375703 SOLE 375703
BANCO SANTANDER BRAS COM 05967A107 114 15720 SOLE 15720
BANKUNITED INC COM COM 06652K103 30209 1236059 SOLE 1236059
BILL BARRET CORP COM 06846N104 5644 317250 SOLE 317250
BOSS HLDGS INC COM 10011B200 533 65673 SOLE 65673
CAPITOL FEDERAL FINA COM 14057J101 208 17755 SOLE 17755
CAPSTEAD MTG CORP CO COM 14067E506 413 36000 SOLE 36000
CENTERPOINT ENERGY I COM 15189T107 474 24645 SOLE 24645
CHEVIOT FINANCIAL CO COM 16677X105 1809 194542 SOLE 194542
COMCAST CORP CL A CLA 20030N101 16742 448118 SOLE 448118
CRIMSON EXPLORATION COM 22662K207 1569 572613 SOLE 572613
DCP MIDSTREAM PARTNERCOM UT 23311p100 126536 3030805 SOLE 2980610 50195
DCP MIDSTREAM PARTNERCOM UT 23311p100 54835 1313414DEFINED02 1313414
DELEK LOGISTICS PARTNCOM UN 24664t103 2617 113790 SOLE 112005 1785
DELEK LOGISTICS PARTNCOM UN 24664t103 1587 68995DEFINED02 68995
DENNYS CORP COM COM 24869P104 200 41000 SOLE 41000
DUKE ENERGY CORPORAT COM 26441C204 2631 41234 SOLE 41234
EQT CORPORATION COM 26884l109 8486 143880 SOLE 143880
EV ENERGY PARTNER LP COM UN 26926V107 67044 1185369 SOLE 1174004 11365
EV ENERGY PARTNER LP COM UN 26926V107 26161 462537DEFINED02 462537
EATON VANCE SR FLTNG COM 27828Q105 418 26165 SOLE 26165
ENBRIDGE ENERGY PARTNCOM 29250R106 127467 4568718 SOLE 4490073 78645
ENBRIDGE ENERGY PARTNCOM 29250R106 47289 1694954DEFINED02 1694954
ENBRIDGE ENERGY MANAGSHS UN 29250x103 20179 698489 SOLE 698489
ENBRIDGE ENERGY MANAGSHS UN 29250x103 6888 238435DEFINED02 238435
ENERGY TRANSFER PARTNUNIT L 29273r109 1407 32775 SOLE 32775
ENERGY TRANSFER PARTNUNIT L 29273r109 14134 329237DEFINED02 329237
ENERGY TRANSFER EQUITCOM UT 29273V100 181553 3991937 SOLE 3934257 57680
ENERGY TRANSFER EQUITCOM UT 29273V100 74277 1633175DEFINED02 1633175
EVOLUTION PETROLEUM COM 30049A107 16367 2013183 SOLE 2013183
EXTERRAN PARTNERS LP COM UN 30225N105 1415 69806 SOLE 69806
EXTERRAN PARTNERS LP COM UN 30225N105 2747 135545DEFINED02 135545
EXTREME NETWORKS INC COM 30226D106 47 13000 SOLE 13000
EXXON MOBIL CORP COM 30231G102 453 5238 SOLE 5238
FIRSTCITY FINANCIAL COM 33761X107 1071 109997 SOLE 109997
FUELCELL ENERGY INC COM 35952H106 29 32000 SOLE 32000
GLAXOSMITHKLINE PLC COM 37733W105 2589 59560 SOLE 59560
GLOBAL PARTNERS LP COM UN 37946r109 103 4045 SOLE 4045
GOVERNMENT PPTYS INC COM 38376A103 3058 127570 SOLE 127570
HALCON RES CORP COM COM 40537Q209 6401 925000 SOLE 925000
JOHN HANCOCK PFD INC SH BEN 41013W108 2068 94406 SOLE 94406
HANCOCK JOHN PFD INC COM 41013X106 992 45800 SOLE 45800
HATTERAS FINL CORP C COM 41902R103 551 22200 SOLE 22200
HERITAGE FINANCIAL G COM 42726X102 3472 251790 SOLE 251790
HOME FEDERAL BANCORP COM 43710G105 4723 379944 SOLE 379944
INERGY MIDSTREAM, L.PU LTD 45671u106 6474 290950 SOLE 290950
INERGY MIDSTREAM, L.PU LTD 45671u106 14202 638310DEFINED02 638310
INTREPID POTASH INC COM 46121Y102 86408 4058604 SOLE 4058604
INVESTORS BANCORP IN COM 46146P102 104831 5896007 SOLE 5896007
IRIDIUM COMMUNICATIO COM 46269C102 100 14900 SOLE 14900
J.P. MORGAN CHASE & COM 46625H100 28365 645118 SOLE 645118
JPMORGAN ALERIAN MLP ALERIA 46625h365 379 9850 SOLE 9850
K12 INC COM COM 48273U102 204 10000 SOLE 10000
KINDER MORGAN MANAGEMSHS 49455U100 39371 521745 SOLE 495813 25932
KINDER MORGAN MANAGEMSHS 49455U100 58298 772572DEFINED02 772572
KINDER MORGAN INC. COM 49456b101 124555 3525486 SOLE 3511036 14450
KINDER MORGAN INC. COM 49456b101 16324 462055DEFINED02 462055
LRR ENERGY, L.P. COM 50214a104 1722 100160DEFINED02 100160
MPLX LP COM UN 55336v100 41093 1317495 SOLE 1276495 41000
MPLX LP COM UN 55336v100 10213 327455DEFINED02 327455
MARATHON PETROLEUM COCOM 56585a102 7973 126550 SOLE 126550
MASTERCARD INC CL A CLA 57636Q104 273 556 SOLE 556
MERCK & COMPANY COM 58933Y105 20224 493995 SOLE 493995
MERIDIAN INTERSTAT B COM 58964Q104 4158 247781 SOLE 247781
MFS INTERMARKET INCO SH BEN 59318R103 264 29986 SOLE 29986
NGL ENERGY PARTNERS LCOM UN 62913m107 2403 103043 SOLE 103043
NGL ENERGY PARTNERS LCOM UN 62913m107 1919 82284DEFINED02 82284
NATURAL RESOURCE PARTCOM UN 63900p103 3294 177645DEFINED02 177645
NEXTERA ENERGY INC COM 65339F101 202 2926 SOLE 2926
NICHOLAS FINANCIAL I COM 65373J209 1388 111960 SOLE 111960
NISOURCE COM 65473p105 4274 171725 SOLE 171725
NUSTAR ENERGY LP UNIT C 67058H102 90 2130 SOLE 2130
NUVEEN QUALITY PFD I COM 67071S101 111 12800 SOLE 12800
ONEOK PARTNERS LP UNIT L 68268N103 34810 644746 SOLE 644746
ONEOK PARTNERS LP UNIT L 68268N103 16652 308425DEFINED02 308425
ORIENTAL FINL GROUP COM 68618W100 2641 197853 SOLE 197853
ORITANI FINL CORP COM 68633D103 6105 398515 SOLE 398515
PDC ENERGY INC COM COM 69327R101 9012 271350 SOLE 271350
PACIFIC PREMIER BANC COM 69478X105 945 92297 SOLE 92297
PIMCO CORPORATE & IN COM 72200U100 9330 528594 SOLE 528594
PIMCO CORPORATE & IN COM 72201B101 7860 404950 SOLE 404950
PIMCO ETF TR 0-5 HIG 0-5 HI 72201R783 1229 11885 SOLE 11885
PIONEER SOUTHWEST ENEUNIT L 72388b106 10868 478775 SOLE 461135 17640
PIONEER SOUTHWEST ENEUNIT L 72388b106 9156 403356DEFINED02 403356
RANGE RES CORP COM 75281A109 51840 825084 SOLE 825084
REGENCY ENERGY PARTNECOM UN 75885y107 21212 978431 SOLE 952011 26420
REGENCY ENERGY PARTNECOM UN 75885y107 22999 1060858DEFINED02 1060858
RESOLUTE ENERGY CORP COM 76116A108 24998 3074766 SOLE 3074766
RYDEX ETF TRUST RUSS GUG RU 78355W585 898 27970 SOLE 27970
SL GREEN RLTY CORP COM 78440X101 42730 557471 SOLE 557471
SM ENERGY CO COM COM 78454L100 3133 60000 SOLE 60000
SHENANDOAH TELECOMMU COM 82312B106 3041 198655 SOLE 198655
SOUTHCROSS ENERGY PARCOM UN 84130c100 2706 113790 SOLE 112005 1785
SOUTHCROSS ENERGY PARCOM UN 84130c100 1641 68995DEFINED02 68995
SPECTRA ENERGY PARTNECOM 84756N109 14054 450001 SOLE 450001
STAGE STORES INC COM 85254C305 29415 1187052 SOLE 1187052
SUNOCO LOGISTICS PARTCOM UN 86764L108 21270 427710 SOLE 427710
SYMETRA FINL CORP COM 87151Q106 45022 3468589 SOLE 3468589
TC PIPELINES, LP UT COM 87233q108 37790 936321 SOLE 917326 18995
TC PIPELINES, LP UT COM 87233q108 21096 522690DEFINED02 522690
TARGA RESOURCES PARTNCOM UN 87611x105 31606 845521 SOLE 831541 13980
TARGA RESOURCES PARTNCOM UN 87611x105 13366 357570DEFINED02 357570
TARGA RESOURCES CORP.COM 87612G101 9809 185640 SOLE 185640
TERRITORIAL BANCORP COM 88145X108 1866 81660 SOLE 81660
TESORO LOGISTICS LP COM UN 88160T107 5340 121915 SOLE 121915
3M COMPANY COM 88579Y101 928 9995 SOLE 9995
TITAN MACHY INC COM COM 88830R101 17919 725484 SOLE 725484
TRANSCANADA CORPORATICOM 89353d107 7301 154285 SOLE 154285
TRANSMONTAIGNE PARTNECOM UN 89376V100 6209 163525 SOLE 163525
TRANSMONTAIGNE PARTNECOM UN 89376V100 8113 213675DEFINED02 213675
TWO HBRS INVT CORP C COM 90187B101 257 23220 SOLE 23220
UNITED FINANCIAL BAN COM 91030T109 424 26987 SOLE 26987
UNITEDHEALTH GROUP I COM 91324P102 21208 391002 SOLE 391002
VAIL RESORTS INC COM 91879Q109 137297 2538302 SOLE 2538302
VERIZON COMMUNICATIO COM 92343V104 2077 48009 SOLE 48009
VIAD CORP COM NEW COM 92552R406 16047 590829 SOLE 590829
VIEWPOINT FINL GROUP COM 92672A101 1309 62500 SOLE 62500
VISTEON CORP COM NEW COM 92839U206 70074 1302008 SOLE 1302008
VODAFONE GROUP PLC S COM 92857W209 2187 86830 SOLE 86830
WELLS FARGO ADVANTAG COM SH 94987D101 2282 141130 SOLE 141130
WESTERN GAS EQUITY PACOM UN 95825r103 8843 295270 SOLE 291235 4035
WESTERN GAS EQUITY PACOM UN 95825r103 4664 155740DEFINED02 155740
WESTFIELD FINANCIAL COM 96008P104 484 66943 SOLE 66943
WHITE RIVER CAPITAL COM 96445P105 1724 81138 SOLE 81138
WILLIAMS PARTNERS LP COM UN 96950F104 149227 3066733 SOLE 3022473 44260
WILLIAMS PARTNERS LP COM UN 96950F104 35789 735500DEFINED02 735500
ZIX CORP COM COM 98974P100 236 84600 SOLE 84600
AMERICAN SAFETY INS COM G02995101 1569 82935 SOLE 82935
ACCENTURE PLC IRELAN CLA G1151C101 1904 28625 SOLE 28625
CHINA YUCHAI INTL LT COM G21082105 3076 195056 SOLE 195056
COVIDIEN PLC COM G2554F113 325 5629 SOLE 5629
EATON CORP PLC SHS COM G29183103 230 4244 SOLE 4244
ENSTAR GROUP LIMITED COM G3075P101 51368 458729 SOLE 458729
ONEBEACON INSURANCE CLA G67742109 28307 2036463 SOLE 2036463
WHITE MOUNTAINS INSU COM G9618E107 80961 157206 SOLE 157206
BANCO LATINOAMERICAN COM P16994132 7741 359054 SOLE 359054
GOLAR LNG PARTNERS LPCOM y2745c102 4728 158390 SOLE 158390
SEADRILL PARTNERS LLCSHS y7545w109 1043 40670 SOLE 40670
SEADRILL PARTNERS LLCSHS y7545w109 692 26985DEFINED02 26985
TEEKAY OFFSHORE PARTNPARTNE y8565J101 47999 1845417 SOLE 1825257 20160
TEEKAY OFFSHORE PARTNPARTNE y8565J101 22204 853684DEFINED02 853684
7889046