<SEC-DOCUMENT>0000909012-12-000415.txt : 20121025 <SEC-HEADER>0000909012-12-000415.hdr.sgml : 20121025 <ACCEPTANCE-DATETIME>20121025105919 ACCESSION NUMBER: 0000909012-12-000415 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120930 FILED AS OF DATE: 20121025 DATE AS OF CHANGE: 20121025 EFFECTIVENESS DATE: 20121025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: American Research & Management Co. CENTRAL INDEX KEY: 0001506796 IRS NUMBER: 132689952 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14133 FILM NUMBER: 121160551 BUSINESS ADDRESS: STREET 1: 145 FRONT STREET CITY: MARION STATE: MA ZIP: 02738 BUSINESS PHONE: 508-748-1665 MAIL ADDRESS: STREET 1: 145 FRONT STREET CITY: MARION STATE: MA ZIP: 02738 </SEC-HEADER> <DOCUMENT> <TYPE>13F-HR <SEQUENCE>1 <FILENAME>t306906.txt <DESCRIPTION>ARM <TEXT> UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F-HR FORM 13F COVER PAGE Report for the Calendar Year of Quarter Ended: September 30, 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: AMERICAN RESEARCH & MANAGEMENT CO. Address: 145 FRONT STREET, PO BOX 576 MARION, MA 02738 Form 13F File Number: 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: ERIC H. STRAND Title: PRESIDENT Phone: 508 748 1665 Signature, Place, and Date of Signing: /S/ ERIC H. STRAND MARION, MA ------------------- ------------- [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).) <PAGE> FORM 13F-HR SUMMARY PAGE Report Summary: Number of Other Included Managers: Form 13F Information Table Entry Total: 352 Form 13F Information Table Value Total: $197,812 (thousands) List of Other Included Managers: Eric H. Strand Andrew F. McIntire <PAGE> <TABLE> <CAPTION> MARKET TITLE VALUE SHARE/ OF (USD) PRN SHARE/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X 1000) AMOUNT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------- <S> <C> <C> <C> <C> <C> <C> <C> <C> <C> 3d Systems Corp com 88554D205 3 100 Sh sole 01 02 100 3M Company com 88579Y101 97 1045 Sh sole 01 02 1045 A G L Resources Inc com 001204106 16 400 Sh sole 01 02 400 Abb, Ltd ADR adr 000375204 41 2200 Sh sole 01 02 2200 Abbott Laboratories com 002824100 265 3870 Sh sole 01 02 3870 Accenture Ltd Cl A com G1150G111 39 558 Sh sole 01 02 558 Acco Brands Corp com 00081T108 27 4228 Sh sole 01 02 4228 Accuray Inc com 004397105 4 500 Sh sole 01 02 500 Adobe Systems com 00724F101 711 21920 Sh sole 01 02 21720 200 Adt Corp com 00101J106 13 362 Sh sole 01 02 362 AerCap Holdings N.V. com N00985106 13 1000 Sh sole 01 02 1000 Air Prod & Chemicals Inc com 009158106 4 50 Sh sole 01 02 50 Alcatel Lucent ADR adr 013904305 1 638 Sh sole 01 02 638 Alcoa com 013817101 3 300 Sh sole 01 02 300 Alliance Res Partners LP lp 01877R108 72 1200 Sh sole 01 02 1200 Allstate Corporation com 020002101 20 500 Sh sole 01 02 500 Altria Group Inc com 02209S103 3335 99869 Sh sole 01 02 97769 2100 American Ecology Cp New com 025533407 13 600 Sh sole 01 02 600 American Electric Power Co Inc com 025537101 5 120 Sh sole 01 02 120 Amerigas Partners Lp lp 030975106 13 300 Sh sole 01 02 300 Amgen com 031162100 663 7860 Sh sole 01 02 7860 Analog Devices com 032654105 6111 155985 Sh sole 01 02 154485 1500 Andersons Inc com 034164103 11 300 Sh sole 01 02 300 Anglo American PLC ADR adr 669947889 8 546 Sh sole 01 02 546 Annaly Capital Management Inc com 035710409 89 5282 Sh sole 01 02 5282 Apache Corp com 037411105 38 440 Sh sole 01 02 440 Apple Computer Inc com 037833100 193 289 Sh sole 01 02 289 Apt Invt & Mgmt A com 03748R101 13 500 Sh sole 01 02 500 Archer Daniels Midland Company com 039483102 23 830 Sh sole 01 02 830 AT&T Inc. com 00206R102 1247 33090 Sh sole 01 02 33090 Australia & New Zealand Bkg Gr com 052528304 13 500 Sh sole 01 02 500 Automatic Data Processing com 053015103 2183 37216 Sh sole 01 02 35216 2000 Avalonbay Cmntys Inc com 053484101 145 1068 Sh sole 01 02 1068 Ball Corporation com 058498106 68 1600 Sh sole 01 02 1600 Bank of America Corp com 060505104 230 26013 Sh sole 01 02 26013 Bank of New York Mellon Corp com 064058100 442 19556 Sh sole 01 02 19556 Barclays 1-3 year Credit Bd ET com 464288646 1182 11177 Sh sole 01 02 11177 Barclays High Yield Bond ETF-S com 78464A417 6 148 Sh sole 01 02 148 Beam Inc com 073730103 1878 32641 Sh sole 01 02 31641 1000 Becton Dickinson Co com 075887109 91 1157 Sh sole 01 02 1157 Bemis com 081437105 19 600 Sh sole 01 02 0 600 Berkshire Hathaway Cl B com 084670702 1442 16345 Sh sole 01 02 16345 BHP Billiton LTD ADR adr 088606108 240 3500 Sh sole 01 02 3500 Biogen Idec Inc com 09062X103 45 300 Sh sole 01 02 300 Boardwalk Pipeline Ptnrs LP lp 096627104 227 8125 Sh sole 01 02 7325 800 Boston Scientific Corp com 101137107 16 2839 Sh sole 01 02 2839 Boswell J G Co com 101205102 3420 3864 Sh sole 01 02 3264 600 BP PLC ADR adr 055622104 553 13061 Sh sole 01 02 13061 Bristol-Myers Squibb com 110122108 138 4098 Sh sole 01 02 4098 Broadridge Financial Solutions com 11133T103 1 39 Sh sole 01 02 39 C H Robinson Worldwide com 12541W209 24 410 Sh sole 01 02 410 Cambridge Bancorp com 132152103 270 7608 Sh sole 01 02 0 7608 Canada Bond Index ETF-Pimco com 72201R759 16 150 Sh sole 01 02 150 Canadian Dollar ETF-CurrencySh com 23129X105 15 150 Sh sole 01 02 150 Canadian Imperial Bank of Comm com 136069101 174 2220 Sh sole 01 02 2220 Canadian National Railroad com 136375102 13 145 Sh sole 01 02 145 Canadian Oil Sands New com 13642L100 9 400 Sh sole 01 02 400 Canadian Pacific Railway Ltd com 13645T100 223 2688 Sh sole 01 02 2688 Canadian Western Bank com 13677F101 183 6050 Sh sole 01 02 6050 Capella Education Co com 139594105 35 1000 Sh sole 01 02 1000 Carmax Inc com 143130102 37 1300 Sh sole 01 02 1300 Caterpillar com 149123101 40 460 Sh sole 01 02 460 Cenovus Energy Inc com 15135U109 5152 147825 Sh sole 01 02 145675 2150 Centurylink Inc com 156700106 4 104 Sh sole 01 02 104 Chesapeake Energy Corp com 165167107 17 900 Sh sole 01 02 900 ChevronTexaco com 166764100 4104 35208 Sh sole 01 02 34708 500 Chicago Mercantile Exchange com 167760107 363 6335 Sh sole 01 02 6335 Childrens Place Retail com 168905107 3 45 Sh sole 01 02 45 Chipotle Mexican Grill com 169656105 5 15 Sh sole 01 02 15 Church & Dwight com 171340102 4918 91097 Sh sole 01 02 89897 1200 Cisco Systems com 17275R102 268 14015 Sh sole 01 02 13015 1000 Citigroup com 172967101 1 40 Sh sole 01 02 40 Cleantech ETF-PowerShares com 73935X278 3 125 Sh sole 01 02 125 Clearwire Corp Cl A com 18538Q105 4 3000 Sh sole 01 02 3000 Cliffs Natural Res Inc com 18683K101 8 200 Sh sole 01 02 200 Coach Inc com 189754104 356 6360 Sh sole 01 02 6360 Coca Cola Company com 191216100 1458 38436 Sh sole 01 02 38436 Cohen & Steers Reit com 19247X100 16 900 Sh sole 01 02 900 Colgate-Palmolive Co com 194162103 37 345 Sh sole 01 02 345 Comcast Corp Class A com 20030N101 46 1273 Sh sole 01 02 1273 Comerica Incorporated com 200340107 23 750 Sh sole 01 02 750 Compania De Minas ADR adr 204448104 4 100 Sh sole 01 02 100 Conocophillips com 20825C104 242 4235 Sh sole 01 02 4235 Costar Grp Inc com 22160N109 1 11 Sh sole 01 02 11 Costco Whsl Corp New com 22160K105 10 100 Sh sole 01 02 100 Covidien LTD com G2552X108 43 725 Sh sole 01 02 725 Cree Inc com 225447101 94 3700 Sh sole 01 02 3700 CVS Corp Del com 126650100 16 325 Sh sole 01 02 325 D T E Energy Company com 233331107 6 100 Sh sole 01 02 100 Deere & Co com 244199105 854 10350 Sh sole 01 02 10350 Devon Energy Corp New com 25179M103 9 150 Sh sole 01 02 150 Diageo Plc New Adr adr 25243Q205 2 15 Sh sole 01 02 15 Dividend Ex Financials ETF-Wis com 97717W406 14 252 Sh sole 01 02 252 DJ-AIG Commodity Index ETN com 06738C778 203 4585 Sh sole 01 02 4585 Dominion Res Inc VA New com 25746U109 29 548 Sh sole 01 02 548 Dover com 260003108 5645 94897 Sh sole 01 02 92697 2200 Du Pont E I De Nemour com 263534109 1823 36260 Sh sole 01 02 35260 1000 Duke Energy New com 26441C105 99 1527 Sh sole 01 02 1527 Dunkin Brands Group Inc com 265504100 6 200 Sh sole 01 02 200 Dynamic Oil & Gas Services ETF com 73935X625 1 50 Sh sole 01 02 50 Dynex Capital Inc New com 26817Q506 11 1000 Sh sole 01 02 1000 Eastman Chemical Co com 277432100 17 300 Sh sole 01 02 300 Ecolab com 278865100 32 500 Sh sole 01 02 0 500 Electronic Arts Inc com 285512109 2 130 Sh sole 01 02 130 Eli Lilly & Company com 532457108 69 1450 Sh sole 01 02 1300 150 EMC Corp com 268648102 2688 98565 Sh sole 01 02 98265 300 Emer Mkts Lcl Curr Bd ETF-Mark com 57060U522 1768 66650 Sh sole 01 02 66650 Emerson Electric Co com 291011104 113 2345 Sh sole 01 02 2345 Enbridge Energy Partners LP lp 29250R106 24 800 Sh sole 01 02 800 Enbridge Inc com 29250N105 47 1200 Sh sole 01 02 1200 Encana com 292505104 4396 200541 Sh sole 01 02 197591 2950 Energy Transfer Partners LP lp 29273R109 1084 25470 Sh sole 01 02 24970 500 Enterprise Products Partners LP lp 293792107 38 700 Sh sole 01 02 700 Equifax Inc com 294429105 33 700 Sh sole 01 02 700 Exact Sciences Corp com 30063P105 8 700 Sh sole 01 02 700 Expeditors Intl Wash com 302130109 2361 64960 Sh sole 01 02 64510 450 Express Scripts Inc com 302182100 10 166 Sh sole 01 02 166 Exxon Mobil com 30231G102 10269 112288 Sh sole 01 02 103488 8800 F5 Networks Inc com 315616102 1718 16420 Sh sole 01 02 16420 Facebook, Inc. com 30303M102 37 1705 Sh sole 01 02 1705 Factset Research Systems com 303075105 14 150 Sh sole 01 02 150 Fast Retailing Co Ord com J1346E100 9 40 Sh sole 01 02 40 Fastenal Co com 311900104 19 440 Sh sole 01 02 440 Female Health Co Com com 314462102 7 1000 Sh sole 01 02 1000 Fidelity Natl Info Svcs com 31620M106 16 500 Sh sole 01 02 500 First Potomac Realty Tr com 33610F109 2393 185828 Sh sole 01 02 185828 Fiserv com 337738108 2680 36201 Sh sole 01 02 36001 200 Flowers Foods Inc com 343498101 202 10000 Sh sole 01 02 10000 Ford Motor Company New com 345370860 6 600 Sh sole 01 02 600 Forest Laboratories Inc com 345838106 8 216 Sh sole 01 02 216 Fortune Brands Home & Security com 34964C106 771 28540 Sh sole 01 02 28540 Freeport-McMoRan Copper & Gold com 35671D857 20 500 Sh sole 01 02 500 Frontier Communications Corp com 35906A108 6 1266 Sh sole 01 02 1266 Ftse China ETF-iShares com 464288190 4 100 Sh sole 01 02 100 Fusion-io Inc com 36112J107 1106 36535 Sh sole 01 02 36535 Gabelli Equity Trust com 362397101 6 1000 Sh sole 01 02 1000 Gabelli Utility Trust com 36240A101 6 800 Sh sole 01 02 800 General Electric com 369604103 3677 161932 Sh sole 01 02 161382 550 Gentex Corp com 371901109 1155 68000 Sh sole 01 02 67700 300 Glacier Bancorp Inc New com 37637Q105 2360 151361 Sh sole 01 02 150561 800 Glaxosmithkline PLC ADRF adr 37733W105 6 125 Sh sole 01 02 125 Global Water Portfolio ETF-Pow com 73936T623 1 70 Sh sole 01 02 70 Gold Miners ETF-Market Vectors com 57060U100 129 2400 Sh sole 01 02 2400 Gold Shares ETF-SPDR com 863307104 90 521 Sh sole 01 02 521 Goldman Sachs 6.20% Pfd com 38144X500 3384 133705 Sh sole 01 02 128855 4850 Goldman Sachs Group Inc com 38141G104 3 30 Sh sole 01 02 30 Google Inc Cl A com 38259P508 41 55 Sh sole 01 02 55 H C P Inc com 40414L109 39 866 Sh sole 01 02 866 Hawkins Inc com 420261109 145 3500 Sh sole 01 02 3500 Health Care Reit Inc com 42217K106 54 930 Sh sole 01 02 930 Hecla Mining Company com 422704106 119 18200 Sh sole 01 02 18200 Heinz H J Co com 423074103 11 200 Sh sole 01 02 200 Hershey Foods Corp com 427866108 39 550 Sh sole 01 02 550 Hewlett-Packard Company com 428236103 5 300 Sh sole 01 02 300 Hologic Inc com 436440101 8 400 Sh sole 01 02 400 Home Depot com 437076102 18 300 Sh sole 01 02 300 Home Properties Inc com 437306103 58 950 Sh sole 01 02 950 Honda Motor Co Ltd Adr adr 438128308 35 1125 Sh sole 01 02 1125 Hospitality Ppty com 44106M508 6 237 Sh sole 01 02 237 Hospitality Properties Trust com 44106M102 21 900 Sh sole 01 02 900 Host Hotels & Resorts Inc Com com 44107P104 1 45 Sh sole 01 02 45 Hudson Valley Holding Corp com 444172100 21 1252 Sh sole 01 02 1252 Huntington Bancshares com 446150104 62 8921 Sh sole 01 02 8921 Iboxx $ High Yield Corp Bd ETF com 464288513 859 9310 Sh sole 01 02 9310 Iboxx $ Inv Grade Corp Bd ETF- com 464287242 2836 23290 Sh sole 01 02 23290 Illinois Tool Works Inc com 452308109 2805 47170 Sh sole 01 02 46370 800 Illumina Inc com 452327109 17 350 Sh sole 01 02 350 Imperial Oil LTD Com New com 453038408 1072 23280 Sh sole 01 02 22580 700 Independent Bank (MA) Corporat com 453836108 66 2179 Sh sole 01 02 2179 Integrys Energy Group com 45822P105 7 125 Sh sole 01 02 125 Intel com 458140100 71 3142 Sh sole 01 02 3142 International Assets Hldg Corp com 459028106 876 45946 Sh sole 01 02 45946 International Business Machine com 459200101 5782 27874 Sh sole 01 02 26799 1075 International Flavors & Fragra com 459506101 60 1000 Sh sole 01 02 1000 Invesco Quality Municipal Inco com 61745P734 22 1461 Sh sole 01 02 1461 Investors Bancorp Inc com 46146P102 18 1000 Sh sole 01 02 1000 Iron Mountain Inc New com 462846106 20 600 Sh sole 01 02 0 600 ITT Corp com 450911201 9 429 Sh sole 01 02 429 J M Smuckers Co New com 832696405 10 113 Sh sole 01 02 113 J P Morgan Chase & Co com 46625H100 165 4067 Sh sole 01 02 4067 Jarden Corp com 471109108 12 225 Sh sole 01 02 225 Jardine Matheson Adr adr 471115402 8 135 Sh sole 01 02 135 Jefferies Group Inc com 472319102 936 68375 Sh sole 01 02 68375 Johnson & Johnson com 478160104 7079 102729 Sh sole 01 02 101379 1350 Joy Global Inc com 481165108 49 875 Sh sole 01 02 875 JP Morgan Chase Cap X Pfd 7% 0 com 46623D200 3424 133350 Sh sole 01 02 129250 4100 JP Morgan USD Emer Mkt Bd ETF- com 464288281 669 5520 Sh sole 01 02 5520 Kellogg Company com 487836108 8 150 Sh sole 01 02 150 Keweenaw Land Assn LTD com 493026108 535 6692 Sh sole 01 02 6692 Kimco Realty Corp com 49446R109 6 300 Sh sole 01 02 300 Kinder Morgan Energy Partners LP lp 494550106 891 10795 Sh sole 01 02 10445 350 Kraft Foods Inc com 50075N104 493 11913 Sh sole 01 02 11913 Leucadia National com 527288104 2032 89320 Sh sole 01 02 89320 Liberty Property Trust com 531172104 51 1400 Sh sole 01 02 1400 Lincoln National Corp com 534187109 36 1500 Sh sole 01 02 1500 Lindsay Corp Com com 535555106 6 80 Sh sole 01 02 80 Lionbridge Tech Inc com 536252109 11 3000 Sh sole 01 02 3000 Magellan Midstream Partners LP lp 559080106 962 11000 Sh sole 01 02 10200 800 Marathon Oil Corp com 565849106 21 705 Sh sole 01 02 705 Marathon Petroleum Corp com 56585A102 19 352 Sh sole 01 02 352 Marriott Intl Inc Cl A com 571903202 14 359 Sh sole 01 02 359 Marriott Vacations Worldwide C com 57164Y107 1 35 Sh sole 01 02 35 McDonalds Corp com 580135101 14 150 Sh sole 01 02 150 Mcewen Mining Inc com 58039P107 140 30595 Sh sole 01 02 30595 McGraw-Hill com 580645109 44 800 Sh sole 01 02 800 Meadwestvaco Corporation com 583334107 389 12700 Sh sole 01 02 12700 Medtronic com 585055106 56 1290 Sh sole 01 02 1290 Merck com 58933Y105 1814 40220 Sh sole 01 02 38870 1350 Metlife Inc com 59156R108 34 1000 Sh sole 01 02 1000 Microsoft com 594918104 1038 34890 Sh sole 01 02 34890 Mid Amer Apt Cmntys Inc com 59522J103 104 1600 Sh sole 01 02 1600 Monsanto Co New Del com 61166W101 7 80 Sh sole 01 02 80 Mosaic Company com 61945A107 943 16375 Sh sole 01 02 16125 250 MSC Industrial Direct com 553530106 621 9209 Sh sole 01 02 8034 1175 MSCI EAFE ETF-iShares com 464287465 5 100 Sh sole 01 02 100 MSCI EAFE ETF-Vanguard com 921943858 11 349 Sh sole 01 02 349 MSCI Emer Mkts ETF-iShares com 464287234 6 150 Sh sole 01 02 150 MSCI Emer Mkts ETF-Vanguard com 922042858 367 8793 Sh sole 01 02 8793 Mylan Laboratories Inc com 628530107 65 2687 Sh sole 01 02 2687 Natural Resource Ptnr LP lp 63900P103 397 19140 Sh sole 01 02 19140 Nestle S A Reg B ADR adr 641069406 2580 40819 Sh sole 01 02 40819 Newmont Mining Corp com 651639106 138 2462 Sh sole 01 02 2462 NextEra Energy, Inc. com 302571104 21 300 Sh sole 01 02 300 Norfolk Southern Corp com 655844108 38 600 Sh sole 01 02 600 Northeast Utilities com 664397106 46 1207 Sh sole 01 02 1207 Northern Dynasty Minerals LTD com 66510M204 42 9100 Sh sole 01 02 9100 Northern Oil & Gas Inc Nev com 665531109 216 12725 Sh sole 01 02 12725 Northrop Grumman Corp com 666807102 5 70 Sh sole 01 02 70 Novartis A G Spon ADR adr 66987V109 3658 59707 Sh sole 01 02 58907 800 Novo-Nordisk A-S Adr adr 670100205 1578 10000 Sh sole 01 02 10000 Nucor Corp com 670346105 3 80 Sh sole 01 02 80 Nvidia Corp com 67066G104 8 600 Sh sole 01 02 600 Nxp Semiconductors Nv com N6596X109 23 900 Sh sole 01 02 900 Occidental Pete Corp com 674599105 1058 12290 Sh sole 01 02 12140 150 Ocean Spray com 675022206 13 1323 Sh sole 01 02 1323 Odyssey Marine Exploration Inc com 676118102 1 225 Sh sole 01 02 225 Oracle 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Saskatchewan com 73755L107 777 17900 Sh sole 01 02 17650 250 Potlatch Corporation New com 737630103 146 3900 Sh sole 01 02 3900 Praxair Inc com 74005P104 19 180 Sh sole 01 02 180 Privatebancorp Cap Tr Iv Gtd com 74272L208 3152 120781 Sh sole 01 02 118581 2200 Privatebancorp Inc com 742962103 123 7700 Sh sole 01 02 7700 Procter & Gamble com 742718109 6033 86977 Sh sole 01 02 85187 1790 Prologis Inc New com 74340W103 2 50 Sh sole 01 02 50 Pub Svc Ent Group com 744573106 3 100 Sh sole 01 02 100 Qualcomm Inc com 747525103 161 2584 Sh sole 01 02 2584 Quest Diagnostic Inc com 74834L100 13 200 Sh sole 01 02 200 Rare Earth/Str Metals ETF-Mark com 57060U472 3 200 Sh sole 01 02 200 Rayonier Inc com 754907103 380 7750 Sh sole 01 02 7750 Realty Income Corp com 756109104 3049 74570 Sh sole 01 02 74020 550 REIT Index ETF-Vanguard com 922908553 8 116 Sh sole 01 02 116 Rio Tinto PLC ADR adr 204412209 142 3040 Sh sole 01 02 2640 400 Ritchie Bros Auctioneerf com 767744105 2 125 Sh sole 01 02 125 Robert Half International com 770323103 5 200 Sh sole 01 02 200 Roche Hldg Ltd Spon Adrf adr 771195104 11 240 Sh sole 01 02 240 Rockwell Automation Inc com 773903109 3 50 Sh sole 01 02 50 Royal Dutch Shell A Adrf adr 780259206 64 916 Sh sole 01 02 916 Royal Dutch Shell B Adrf adr 780259107 1888 26475 Sh sole 01 02 26475 RTI Intl Metals Inc com 74973W107 2 100 Sh sole 01 02 100 Russell Midcap Growth Index E com 464287481 9 142 Sh sole 01 02 142 Russell 1000 Growth ETF-iShare com 464287614 25 368 Sh sole 01 02 368 Russell 1000 Value Index ETF-i com 464287598 25 343 Sh sole 01 02 343 Russell 2000 Value Index ETF-i com 464287630 6 80 Sh sole 01 02 80 Russell Midcap ETF-iShares com 464287499 17 150 Sh sole 01 02 150 S A P Aktiengesell Adr adr 803054204 18 250 Sh sole 01 02 250 S&P 500 ETF-SPDR com 78462F103 37 260 Sh sole 01 02 260 S&P 500 ETF-Vanguard com 922908413 2 36 Sh sole 01 02 35 S&P Global Healthcare ETF-iSha com 464287325 4 62 Sh sole 01 02 62 S&P U.S. Pref Stock ETF-iShare com 464288687 12 300 Sh sole 01 02 300 Safeguard Scientific com 786449207 1307 83273 Sh sole 01 02 83273 Schlumberger LTD com 806857108 66 910 Sh sole 01 02 910 Seaboard Corp com 811543107 5 2 Sh sole 01 02 2 Seabridge Gold Inc com 811916105 31 1600 Sh sole 01 02 1600 Siemens Ag ADR adr 826197501 44 440 Sh sole 01 02 440 Smith & Wesson Hldg Corp com 831756101 18 1600 Sh sole 01 02 1600 Sonoco Prods Co com 835495102 43 1400 Sh sole 01 02 1400 Southern Copper Corp com 84265V105 35 1010 Sh sole 01 02 1010 Spectra Energy Corp com 847560109 19 650 Sh sole 01 02 650 St Mary Land & Expl Co com 792228108 103 1900 Sh sole 01 02 1900 Staples com 855030102 9 750 Sh sole 01 02 750 State Street Corp com 857477103 57 1355 Sh sole 01 02 1355 Stratasys Inc com 862685104 4 75 Sh sole 01 02 75 Stryker Corp com 863667101 1410 25340 Sh sole 01 02 25340 Sturm Ruger & Co Inc com 864159108 5 100 Sh sole 01 02 100 Suburban Propane Prt LP lp 864482104 8 200 Sh sole 01 02 200 Suncoke Energy Inc com 86722A103 8 477 Sh sole 01 02 477 Suntrust Banks Inc com 867914103 117 4150 Sh sole 01 02 4150 Sysco Corporation com 871829107 280 8945 Sh sole 01 02 8945 Target Corporation com 87612E106 13 200 Sh sole 01 02 200 Tata Motors Ltd Adr adr 876568502 4 150 Sh sole 01 02 150 Teleflex com 879369106 787 11433 Sh sole 01 02 11333 100 Tesla Motors, Inc com 88160R101 9 300 Sh sole 01 02 300 Tetra Tech Inc New com 88162G103 11 400 Sh sole 01 02 400 Teva Pharm Inds LTD ADRF adr 881624209 14 330 Sh sole 01 02 330 Texas Instruments com 882508104 10 350 Sh sole 01 02 0 350 Textron Incorporated com 883203101 10 400 Sh sole 01 02 400 The Charles Schwab Corp com 808513105 488 38200 Sh sole 01 02 38200 The Southern Company com 842587107 134 2911 Sh sole 01 02 2911 TJX Cos com 872540109 90 2000 Sh sole 01 02 2000 Toronto Dominion Bank com 891160509 1992 23902 Sh sole 01 02 23902 Total S A Adr adr 89151E109 44 874 Sh sole 01 02 874 Transcanada Corp com 89353D107 3203 70403 Sh sole 01 02 66303 4100 Travelers Companies Inc com 89417E109 2 22 Sh sole 01 02 22 Tyco Electronics LTD com G9144P105 25 725 Sh sole 01 02 725 Tyco Intl Ltd New com H89128104 41 725 Sh sole 01 02 725 U S Bancorp Del New com 902973304 240 7002 Sh sole 01 02 7002 U.S. Broad Market ETF-Schwab com 808524102 4 115 Sh sole 01 02 115 U-Blox Holding Ag Ord com H89210100 16 350 Sh sole 01 02 350 Unilever NV ADR adr 904784709 22 608 Sh sole 01 02 608 Union Pacific Corp com 907818108 12 100 Sh sole 01 02 100 United Parcel Service B com 911312106 17 235 Sh sole 01 02 235 United Technologies Corp com 913017109 414 5284 Sh sole 01 02 3934 1350 Unitedhealth Group Inc com 91324P102 11 200 Sh sole 01 02 200 Unitil Corp com 913259107 27 1000 Sh sole 01 02 0 1000 Verizon Communications com 92343V104 297 6509 Sh sole 01 02 6509 Vertex Pharmaceuticals com 92532F100 285 5100 Sh sole 01 02 5100 Vodafone Group PLC ADR adr 92857W209 74 2589 Sh sole 01 02 2589 Volkswagen AG Spon ADRF adr 928662303 20 600 Sh sole 01 02 600 Vornado Realty Trust com 929042109 71 879 Sh sole 01 02 879 Walgreen Company com 931422109 42 1150 Sh sole 01 02 1150 Wal-Mart com 931142103 30 400 Sh sole 01 02 400 Walt Disney Co com 254687106 318 6090 Sh sole 01 02 6090 Washington Trust Bancorp com 940610108 101 3836 Sh sole 01 02 3836 Water Resources Portfolio ETF- com 73935X575 1 70 Sh sole 01 02 70 Waterfurnace Renewable Energy com 9415EQ108 11 650 Sh sole 01 02 650 Waters Corp com 941848103 3641 43690 Sh sole 01 02 42890 800 Webmd Health Corp Cl A com 94770V102 1 90 Sh sole 01 02 90 Weingarten Rlty Investors com 948741103 77 2750 Sh sole 01 02 2750 Wells Fargo & Co New com 949746101 218 6322 Sh sole 01 02 5822 500 Wells Fargo Pref Stock ETF-SPD com 78464A292 3108 68150 Sh sole 01 02 66900 1250 Weyerhaeuser Co com 962166104 11 426 Sh sole 01 02 426 Whole Foods Market com 966837106 6 60 Sh sole 01 02 60 WilderHill Clean Energy ETF-Po com 73935X500 1 175 Sh sole 01 02 175 Wiley John & Son Cl A com 968223206 2615 56910 Sh sole 01 02 55310 1600 WW Grainger Inc com 384802104 63 300 Sh sole 01 02 0 300 Xcel Energy Inc com 98389B100 3 100 Sh sole 01 02 100 Yum Brands Inc com 988498101 10 150 Sh sole 01 02 150 </TABLE> </TEXT> </DOCUMENT> </SEC-DOCUMENT>