-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S+qvy5amTU4iKoACBUrafnuGJrLtcZn/S5PCGvsHwQ6Hi7oMyXIBNpntYDmGWB+V mRTzYw6ceG7JoTBtl7rsXg== 0001085146-09-003332.txt : 20091016 0001085146-09-003332.hdr.sgml : 20091016 20091016140616 ACCESSION NUMBER: 0001085146-09-003332 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090930 FILED AS OF DATE: 20091016 DATE AS OF CHANGE: 20091016 EFFECTIVENESS DATE: 20091016 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELCH & FORBES LLC CENTRAL INDEX KEY: 0000105495 IRS NUMBER: 3573806 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-00262 FILM NUMBER: 091123135 BUSINESS ADDRESS: STREET 1: 45 SCHOOL ST STREET 2: JAMES E. RUSSELL CITY: BOSTON STATE: MA ZIP: 02108 BUSINESS PHONE: 6175231635 MAIL ADDRESS: STREET 1: 45 SCHOOL STREET CITY: BOSTON STATE: MA ZIP: 02108 FORMER COMPANY: FORMER CONFORMED NAME: WELCH & FORBES INC DATE OF NAME CHANGE: 19970304 13F-HR 1 welc3q09.txt WELCH & FORBES LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2009 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: Welch & Forbes LLC Address: 45 School Street Boston, MA 02108 13F File Number: 28-00262 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: James. E. Russell Title: Secretary Phone: (617) 523-1635 Signature, Place, and Date of Signing: /s/ James. E. Russell Boston, MA October 12, 2009 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form13F Information Table Entry Total: 348 Form13F Information Table Value Total: $1,981,041 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. No. 13F File Number Name 01 28-06476 William A. Lowell 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 29851 404488 SH SOLE 404488 0 0 3M CO COM 88579Y101 207 2800 SH OTHER 01 2800 0 0 ABB LTD SPONSORED ADR 000375204 3347 167025 SH SOLE 167025 0 0 ABBOTT LABS COM 002824100 208 4200 SH OTHER 01 4200 0 0 ABBOTT LABS COM 002824100 31613 639023 SH SOLE 639023 0 0 AFFILIATED MANAGERS GROUP COM 008252108 241 3700 SH SOLE 3700 0 0 AFLAC INC COM 001055102 769 18000 SH OTHER 01 18000 0 0 AFLAC INC COM 001055102 26052 609548 SH SOLE 609548 0 0 AIR PRODS & CHEMS INC COM 009158106 5041 64974 SH SOLE 64974 0 0 ALLERGAN INC COM 018490102 1580 27840 SH SOLE 27840 0 0 ALLIANT ENERGY CORP COM 018802108 1072 38498 SH SOLE 38498 0 0 ALLSTATE CORP COM 020002101 436 14240 SH SOLE 14240 0 0 ALTRIA GROUP INC COM 02209S103 1008 56578 SH SOLE 56578 0 0 AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 243 5550 SH SOLE 5550 0 0 AMERICAN ELEC PWR INC COM 025537101 219 7073 SH SOLE 7073 0 0 AMERICAN EXPRESS CO COM 025816109 1927 56850 SH SOLE 56850 0 0 AMERIPRISE FINL INC COM 03076C106 3781 104066 SH SOLE 104066 0 0 AMGEN INC COM 031162100 3851 63943 SH SOLE 63943 0 0 ANADARKO PETE CORP COM 032511107 7709 122885 SH SOLE 122885 0 0 ANALOG DEVICES INC COM 032654105 792 28715 SH SOLE 28715 0 0 ANSYS INC COM 03662Q105 20181 539310 SH SOLE 539310 0 0 ANSYS INC COM 03662Q105 337 9000 SH OTHER 01 9000 0 0 APACHE CORP COM 037411105 826 9000 SH OTHER 01 9000 0 0 APACHE CORP COM 037411105 21833 237752 SH SOLE 237752 0 0 APPLE INC COM 037833100 2188 11803 SH SOLE 11803 0 0 APPLIED MATLS INC COM 038222105 134 10040 SH SOLE 10040 0 0 AQUA AMERICA INC COM 03836W103 390 22097 SH SOLE 22097 0 0 AT&T INC COM 00206R102 644 23850 SH OTHER 01 23850 0 0 AT&T INC COM 00206R102 13491 499468 SH SOLE 499468 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 11121 282975 SH SOLE 282975 0 0 BANK OF AMERICA CORPORATION COM 060505104 1865 110234 SH SOLE 110234 0 0 BANK OF NEW YORK MELLON CORP COM 064058100 224 7715 SH SOLE 7715 0 0 BARCLAYS BANK PLC ADS7.75%PFD S4 06739H511 1480 61950 SH SOLE 61950 0 0 BARRICK GOLD CORP COM 067901108 23589 622404 SH SOLE 622404 0 0 BAXTER INTL INC COM 071813109 1300 22800 SH SOLE 22800 0 0 BB&T CORP COM 054937107 312 11463 SH SOLE 11463 0 0 BECKMAN COULTER INC COM 075811109 654 9481 SH SOLE 9481 0 0 BECTON DICKINSON & CO COM 075887109 3247 46550 SH SOLE 46550 0 0 BED BATH & BEYOND INC COM 075896100 387 10305 SH SOLE 10305 0 0 BELO CORP COM SER A 080555105 201 37104 SH SOLE 37104 0 0 BEMIS INC COM 081437105 579 22329 SH SOLE 22329 0 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 909 9 SH SOLE 9 0 0 BERKSHIRE HATHAWAY INC DEL CL B 084670207 8510 2561 SH SOLE 2561 0 0 BLACK & DECKER CORP COM 091797100 1671 36096 SH SOLE 36096 0 0 BLACKROCK MUNI INTER DR FD I COM 09253X102 1964 144000 SH SOLE 144000 0 0 BOEING CO COM 097023105 410 7571 SH SOLE 7571 0 0 BOSTON PRIVATE FINL HLDGS IN COM 101119105 176 27305 SH SOLE 27305 0 0 BP PLC SPONSORED ADR 055622104 24314 456782 SH SOLE 456782 0 0 BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 343 4600 SH SOLE 4600 0 0 BRIDGELINE SOFTWARE INC COM 10807Q205 32 26667 SH SOLE 26667 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 8109 360074 SH SOLE 360074 0 0 BURLINGTON NORTHN SANTA FE C COM 12189T104 585 7334 SH SOLE 7334 0 0 CAMPBELL SOUP CO COM 134429109 1783 54680 SH SOLE 54680 0 0 CARDINAL HEALTH INC COM 14149Y108 410 15306 SH SOLE 15306 0 0 CARMAX INC COM 143130102 17987 860625 SH SOLE 860625 0 0 CATERPILLAR INC DEL COM 149123101 5680 110654 SH SOLE 110654 0 0 CENTRAL FD CDA LTD CL A 153501101 174 13100 SH SOLE 13100 0 0 CHEVRON CORP NEW COM 166764100 20789 295171 SH SOLE 295171 0 0 CHUBB CORP COM 171232101 1452 28798 SH SOLE 28798 0 0 CIGNA CORP COM 125509109 864 30750 SH SOLE 30750 0 0 CINTAS CORP COM 172908105 2750 90714 SH SOLE 90714 0 0 CISCO SYS INC COM 17275R102 22461 954150 SH SOLE 954150 0 0 CITIGROUP INC COM 172967101 1354 279748 SH SOLE 279748 0 0 COCA COLA CO COM 191216100 10107 188193 SH SOLE 188193 0 0 COGNEX CORP COM 192422103 3322 202748 SH SOLE 202748 0 0 COLGATE PALMOLIVE CO COM 194162103 4108 53864 SH SOLE 53864 0 0 COMCAST CORP NEW CL A 20030N101 316 18744 SH SOLE 18744 0 0 COMCAST CORP NEW CL A SPL 20030N200 1196 74375 SH SOLE 74375 0 0 CONOCOPHILLIPS COM 20825C104 6562 145294 SH SOLE 145294 0 0 CONSTANT CONTACT INC COM 210313102 10841 563168 SH SOLE 563168 0 0 CORNING INC COM 219350105 891 58206 SH SOLE 58206 0 0 COSTCO WHSL CORP NEW COM 22160K105 7483 132733 SH SOLE 132733 0 0 COVIDIEN PLC SHS G2554F105 377 8701 SH SOLE 8701 0 0 CVS CAREMARK CORPORATION COM 126650100 19212 537550 SH SOLE 537550 0 0 DANAHER CORP DEL COM 235851102 22892 340046 SH SOLE 340046 0 0 DANAHER CORP DEL COM 235851102 741 11000 SH OTHER 01 11000 0 0 DEERE & CO COM 244199105 279 6490 SH SOLE 6490 0 0 DENTSPLY INTL INC NEW COM 249030107 13688 396284 SH SOLE 396284 0 0 DENTSPLY INTL INC NEW COM 249030107 622 18000 SH OTHER 01 18000 0 0 DISNEY WALT CO COM DISNEY 254687106 3058 111387 SH SOLE 111387 0 0 DNP SELECT INCOME FD COM 23325P104 114 12768 SH SOLE 12768 0 0 DOMINION RES INC VA NEW COM 25746U109 345 9998 SH SOLE 9998 0 0 DORCHESTER MINERALS LP COM UNIT 25820R105 677 30000 SH SOLE 30000 0 0 DOVER CORP COM 260003108 10557 272376 SH SOLE 272376 0 0 DOW CHEM CO COM 260543103 1355 51969 SH SOLE 51969 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 2803 87213 SH SOLE 87213 0 0 DUKE ENERGY CORP NEW COM 26441C105 376 23869 SH SOLE 23869 0 0 DUN & BRADSTREET CORP DEL NE COM 26483E100 2514 33384 SH SOLE 33384 0 0 DYNAMIC MATLS CORP COM 267888105 5091 255055 SH SOLE 255055 0 0 E M C CORP MASS COM 268648102 1068 62675 SH SOLE 62675 0 0 EATON VANCE CORP COM NON VTG 278265103 737 26330 SH OTHER 01 26330 0 0 EATON VANCE CORP COM NON VTG 278265103 2410 86101 SH SOLE 86101 0 0 EATON VANCE TAX MNG GBL DV E COM 27829F108 144 11700 SH SOLE 11700 0 0 EBAY INC COM 278642103 417 17653 SH SOLE 17653 0 0 ECOLAB INC COM 278865100 888 19200 SH OTHER 01 19200 0 0 ECOLAB INC COM 278865100 17595 380596 SH SOLE 380596 0 0 EDWARDS LIFESCIENCES CORP COM 28176E108 7857 112382 SH SOLE 112382 0 0 EMERSON ELEC CO COM 291011104 23081 575886 SH SOLE 575886 0 0 ENCANA CORP COM 292505104 27748 481654 SH SOLE 481654 0 0 ENCANA CORP COM 292505104 864 15000 SH OTHER 01 15000 0 0 ENERGY FOCUS INC COM 29268T102 655 667945 SH SOLE 667945 0 0 ENTEGRIS INC COM 29362U104 70 14122 SH SOLE 14122 0 0 EXELON CORP COM 30161N101 11345 228637 SH SOLE 228637 0 0 EXPEDITORS INTL WASH INC COM 302130109 562 16000 SH OTHER 01 16000 0 0 EXPEDITORS INTL WASH INC COM 302130109 36032 1025057 SH SOLE 1025057 0 0 EXXON MOBIL CORP COM 30231G102 1066 15531 SH OTHER 01 15531 0 0 EXXON MOBIL CORP COM 30231G102 115911 1689406 SH SOLE 1689406 0 0 FAMILY DLR STORES INC COM 307000109 252 9550 SH SOLE 9550 0 0 FIRST SOLAR INC COM 336433107 3159 20670 SH SOLE 20670 0 0 FISERV INC COM 337738108 964 20000 SH OTHER 01 20000 0 0 FISERV INC COM 337738108 8399 174250 SH SOLE 174250 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 84 11708 SH SOLE 11708 0 0 FOREST LABS INC COM 345838106 206 7000 SH SOLE 7000 0 0 FPL GROUP INC COM 302571104 1161 21018 SH SOLE 21018 0 0 FRANKLIN RES INC COM 354613101 583 5800 SH SOLE 5800 0 0 GARTNER INC COM 366651107 252 13800 SH SOLE 13800 0 0 GENERAL DYNAMICS CORP COM 369550108 417 6450 SH SOLE 6450 0 0 GENERAL ELECTRIC CO COM 369604103 38599 2350694 SH SOLE 2350694 0 0 GENERAL ELECTRIC CO COM 369604103 287 17500 SH OTHER 01 17500 0 0 GENERAL MLS INC COM 370334104 4873 75694 SH SOLE 75694 0 0 GENZYME CORP COM 372917104 32920 580298 SH SOLE 580298 0 0 GENZYME CORP COM 372917104 964 17000 SH OTHER 01 17000 0 0 GEOPETRO RESOURCES CO COM 37248H304 232 305918 SH SOLE 305918 0 0 GILEAD SCIENCES INC COM 375558103 4364 93855 SH SOLE 93855 0 0 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 18453 467047 SH SOLE 467047 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 369 2000 SH OTHER 01 2000 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 4453 24155 SH SOLE 24155 0 0 GOOGLE INC CL A 38259P508 1609 3245 SH SOLE 3245 0 0 GRAINGER W W INC COM 384802104 439 4908 SH SOLE 4908 0 0 GSI GROUP INC CDA COM 36229U102 11 15000 SH SOLE 15000 0 0 HALLIBURTON CO COM 406216101 378 13930 SH SOLE 13930 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 420 15834 SH SOLE 15834 0 0 HEINZ H J CO COM 423074103 281 7080 SH SOLE 7080 0 0 HELMERICH & PAYNE INC COM 423452101 227 5732 SH SOLE 5732 0 0 HESS CORP COM 42809H107 513 9600 SH SOLE 9600 0 0 HEWLETT PACKARD CO COM 428236103 22257 471451 SH SOLE 471451 0 0 HOME DEPOT INC COM 437076102 11879 445879 SH SOLE 445879 0 0 HOSPIRA INC COM 441060100 309 6938 SH SOLE 6938 0 0 HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 1463 71815 SH SOLE 71815 0 0 HUBBELL INC CL B 443510201 546 13001 SH SOLE 13001 0 0 HUGOTON RTY TR TEX UNIT BEN INT 444717102 2025 113048 SH SOLE 113048 0 0 HYPERDYNAMICS CORP COM 448954107 34 23000 SH SOLE 23000 0 0 ICON PUB LTD CO SPONSORED ADR 45103T107 7366 300765 SH SOLE 300765 0 0 IDEXX LABS INC COM 45168D104 8300 165995 SH SOLE 165995 0 0 ILLINOIS TOOL WKS INC COM 452308109 996 23333 SH SOLE 23333 0 0 IMS HEALTH INC COM 449934108 2349 153000 SH SOLE 153000 0 0 INDIA FD INC COM 454089103 1032 35500 SH SOLE 35500 0 0 INTEL CORP COM 458140100 352 18000 SH OTHER 01 18000 0 0 INTEL CORP COM 458140100 23740 1213061 SH SOLE 1213061 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 1017 8500 SH OTHER 01 8500 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 32822 274414 SH SOLE 274414 0 0 INTUITIVE SURGICAL INC COM NEW 46120E602 223 850 SH SOLE 850 0 0 IRON MTN INC COM 462846106 37202 1395396 SH SOLE 1395396 0 0 IRON MTN INC COM 462846106 780 29250 SH OTHER 01 29250 0 0 ISHARES COMEX GOLD TR ISHARES 464285105 851 8605 SH SOLE 8605 0 0 ISHARES INC MSCI BRAZIL 464286400 1848 27320 SH SOLE 27320 0 0 ISHARES INC MSCI CDA INDEX 464286509 2108 82737 SH SOLE 82737 0 0 ISHARES INC MSCI PAC J IDX 464286665 370 9150 SH SOLE 9150 0 0 ISHARES INC MSCI S KOREA 464286772 604 12750 SH SOLE 12750 0 0 ISHARES INC MSCI JAPAN 464286848 493 49613 SH SOLE 49613 0 0 ISHARES TR INDEX BARCLY USAGG B 464287226 238 2275 SH SOLE 2275 0 0 ISHARES TR INDEX RUSSELL 2000 464287655 1348 22382 SH SOLE 22382 0 0 ISHARES TR INDEX MSCI EAFE IDX 464287465 5023 91873 SH SOLE 91873 0 0 ISHARES TR INDEX MSCI EMERG MKT 464287234 8593 220847 SH SOLE 220847 0 0 ISHARES TR INDEX S&P 500 INDEX 464287200 223 2106 SH SOLE 2106 0 0 ISHARES TR INDEX FTSE XNHUA IDX 464287184 3328 81305 SH SOLE 81305 0 0 ISHARES TR INDEX S&P 100 IDX FD 464287101 791 16219 SH SOLE 16219 0 0 ISHARES TR INDEX IBOXX INV CPBD 464287242 18290 171450 SH SOLE 171450 0 0 ITT CORP NEW COM 450911102 1170 22450 SH SOLE 22450 0 0 JOHNSON & JOHNSON COM 478160104 731 12000 SH OTHER 01 12000 0 0 JOHNSON & JOHNSON COM 478160104 47567 781179 SH SOLE 781179 0 0 JOHNSON CTLS INC COM 478366107 27769 1086429 SH SOLE 1086429 0 0 JPMORGAN CHASE & CO COM 46625H100 394 9000 SH OTHER 01 9000 0 0 JPMORGAN CHASE & CO COM 46625H100 15959 364192 SH SOLE 364192 0 0 KELLOGG CO COM 487836108 405 8234 SH SOLE 8234 0 0 KIMBERLY CLARK CORP COM 494368103 4327 73357 SH SOLE 73357 0 0 KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 492 9100 SH SOLE 9100 0 0 KRAFT FOODS INC CL A 50075N104 1043 39707 SH SOLE 39707 0 0 LENNAR CORP CL A 526057104 143 10000 SH SOLE 10000 0 0 LIFE TIME FITNESS INC COM 53217R207 4462 159120 SH SOLE 159120 0 0 LILLY ELI & CO COM 532457108 5641 170790 SH SOLE 170790 0 0 LINCOLN ELEC HLDGS INC COM 533900106 523 11040 SH SOLE 11040 0 0 LINCOLN NATL CORP IND COM 534187109 259 10000 SH SOLE 10000 0 0 LINEAR TECHNOLOGY CORP COM 535678106 11960 432834 SH SOLE 432834 0 0 LOWES COS INC COM 548661107 973 46463 SH SOLE 46463 0 0 M & T BK CORP COM 55261F104 495 7950 SH SOLE 7950 0 0 MANPOWER INC COM 56418H100 250 4402 SH SOLE 4402 0 0 MANULIFE FINL CORP COM 56501R106 460 21957 SH SOLE 21957 0 0 MARATHON OIL CORP COM 565849106 905 28375 SH SOLE 28375 0 0 MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 425 11000 SH SOLE 11000 0 0 MARSH & MCLENNAN COS INC COM 571748102 804 32513 SH SOLE 32513 0 0 MASCO CORP COM 574599106 2300 178023 SH SOLE 178023 0 0 MCDONALDS CORP COM 580135101 514 9000 SH OTHER 01 9000 0 0 MCDONALDS CORP COM 580135101 11401 199760 SH SOLE 199760 0 0 MCGRAW HILL COS INC COM 580645109 342 13600 SH SOLE 13600 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 3867 69916 SH SOLE 69916 0 0 MEDTRONIC INC COM 585055106 4746 128959 SH SOLE 128959 0 0 MERCK & CO INC COM 589331107 19267 609144 SH SOLE 609144 0 0 MICROSOFT CORP COM 594918104 32205 1252160 SH SOLE 1252160 0 0 MICROSOFT CORP COM 594918104 532 20700 SH OTHER 01 20700 0 0 MIDCAP SPDR TR UNIT SER 1 595635103 6098 48675 SH SOLE 48675 0 0 MILLIPORE CORP COM 601073109 3425 48705 SH SOLE 48705 0 0 MONSANTO CO NEW COM 61166W101 320 4141 SH SOLE 4141 0 0 MOODYS CORP COM 615369105 912 44595 SH SOLE 44595 0 0 MORNINGSTAR INC COM 617700109 3147 64820 SH SOLE 64820 0 0 MOTOROLA INC COM 620076109 88 10200 SH SOLE 10200 0 0 MTS SYS CORP COM 553777103 467 16000 SH SOLE 16000 0 0 NEWELL RUBBERMAID INC COM 651229106 5379 342800 SH SOLE 342800 0 0 NEWMONT MINING CORP COM 651639106 1912 43428 SH SOLE 43428 0 0 NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 15059 396705 SH SOLE 396705 0 0 NOBLE ENERGY INC COM 655044105 2141 32452 SH SOLE 32452 0 0 NOKIA CORP SPONSORED ADR 654902204 526 36000 SH OTHER 01 36000 0 0 NOKIA CORP SPONSORED ADR 654902204 7696 526336 SH SOLE 526336 0 0 NORDSTROM INC COM 655664100 638 20900 SH SOLE 20900 0 0 NORTHERN TR CORP COM 665859104 727 12500 SH OTHER 01 12500 0 0 NORTHERN TR CORP COM 665859104 1862 32023 SH SOLE 32023 0 0 NORTHROP GRUMMAN CORP COM 666807102 1008 19470 SH SOLE 19470 0 0 NORTHWEST NAT GAS CO COM 667655104 1770 42500 SH SOLE 42500 0 0 NOVARTIS A G SPONSORED ADR 66987V109 1783 35402 SH SOLE 35402 0 0 NSTAR COM 67019E107 229 7204 SH SOLE 7204 0 0 NUVEEN VA DIV ADV MUNI FD 2 COM 67071C106 225 15000 SH SOLE 15000 0 0 O REILLY AUTOMOTIVE INC COM 686091109 1301 36000 SH OTHER 01 36000 0 0 O REILLY AUTOMOTIVE INC COM 686091109 24284 671957 SH SOLE 671957 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 218 2785 SH SOLE 2785 0 0 OIL SVC HOLDRS TR DEPOSTRY RCPT 678002106 317 2700 SH SOLE 2700 0 0 ORACLE CORP COM 68389X105 1412 67720 SH SOLE 67720 0 0 PANERA BREAD CO CL A 69840W108 263 4790 SH SOLE 4790 0 0 PAYCHEX INC COM 704326107 291 10000 SH OTHER 01 10000 0 0 PAYCHEX INC COM 704326107 28939 996153 SH SOLE 996153 0 0 PENNEY J C INC COM 708160106 311 9200 SH SOLE 9200 0 0 PEOPLES UNITED FINANCIAL INC COM 712704105 187 12000 SH SOLE 12000 0 0 PEPCO HOLDINGS INC COM 713291102 301 20200 SH SOLE 20200 0 0 PEPSICO INC COM 713448108 1232 21000 SH OTHER 01 21000 0 0 PEPSICO INC COM 713448108 37784 644113 SH SOLE 644113 0 0 PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 5741 146050 SH SOLE 146050 0 0 PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 2534 55205 SH SOLE 55205 0 0 PFIZER INC COM 717081103 579 35000 SH OTHER 01 35000 0 0 PFIZER INC COM 717081103 19010 1148600 SH SOLE 1148600 0 0 PHILIP MORRIS INTL INC COM 718172109 2816 57788 SH SOLE 57788 0 0 PITNEY BOWES INC COM 724479100 504 20296 SH SOLE 20296 0 0 PLUM CREEK TIMBER CO INC COM 729251108 1524 49739 SH SOLE 49739 0 0 PNC FINL SVCS GROUP INC COM 693475105 324 6677 SH SOLE 6677 0 0 POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 600 27175 SH SOLE 27175 0 0 POWERSHARES ETF TRUST WATER RESOURCE 73935X575 277 16550 SH SOLE 16550 0 0 POWERSHARES QQQ TRUST UNIT SER 1 73935A104 628 14875 SH SOLE 14875 0 0 POWERSHS DB MULTI SECT COMM DB AGRICULT FD 73936B408 1405 55150 SH SOLE 55150 0 0 PPG INDS INC COM 693506107 202 3464 SH SOLE 3464 0 0 PRAXAIR INC COM 74005P104 327 4000 SH OTHER 01 4000 0 0 PRAXAIR INC COM 74005P104 23831 291722 SH SOLE 291722 0 0 PROCTER & GAMBLE CO COM 742718109 81863 1413363 SH SOLE 1413363 0 0 PROCTER & GAMBLE CO COM 742718109 1425 24600 SH OTHER 01 24600 0 0 PROGRESS ENERGY INC COM 743263105 5232 133927 SH SOLE 133927 0 0 PROGRESSIVE CORP OHIO COM 743315103 2295 138414 SH SOLE 138414 0 0 PROSHARES TR PSHS ULSHT SP500 74347R883 274 6775 SH SOLE 6775 0 0 PROVIDENCE & WORCESTER RR CO COM 743737108 123 12000 SH SOLE 12000 0 0 QUALCOMM INC COM 747525103 270 6000 SH OTHER 01 6000 0 0 QUALCOMM INC COM 747525103 15187 337624 SH SOLE 337624 0 0 RAYTHEON CO COM NEW 755111507 2023 42172 SH SOLE 42172 0 0 RESMED INC COM 761152107 8368 185130 SH SOLE 185130 0 0 ROYAL BK SCOTLAND GROUP PLC SPON ADR SER H 780097879 386 32000 SH SOLE 32000 0 0 ROYAL BK SCOTLAND GROUP PLC SP ADR L RP PF 780097788 1628 154435 SH SOLE 154435 0 0 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 2099 36704 SH SOLE 36704 0 0 SABINE ROYALTY TR UNIT BEN INT 785688102 852 21100 SH SOLE 21100 0 0 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 889 49250 SH SOLE 49250 0 0 SARA LEE CORP COM 803111103 179 16064 SH SOLE 16064 0 0 SATCON TECHNOLOGY CORP COM 803893106 17 10000 SH SOLE 10000 0 0 SCHERING PLOUGH CORP COM 806605101 1534 54318 SH SOLE 54318 0 0 SCHLUMBERGER LTD COM 806857108 870 14600 SH OTHER 01 14600 0 0 SCHLUMBERGER LTD COM 806857108 32301 541962 SH SOLE 541962 0 0 SEALED AIR CORP NEW COM 81211K100 793 40400 SH SOLE 40400 0 0 SEI INVESTMENTS CO COM 784117103 266 13500 SH SOLE 13500 0 0 SHERWIN WILLIAMS CO COM 824348106 2371 39404 SH SOLE 39404 0 0 SIGMA ALDRICH CORP COM 826552101 1437 26630 SH SOLE 26630 0 0 SOUTHERN CO COM 842587107 784 24769 SH SOLE 24769 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 656 6635 SH SOLE 6635 0 0 SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 1077 18425 SH SOLE 18425 0 0 SPDR TR UNIT SER 1 78462F103 932 8823 SH SOLE 8823 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 88 22336 SH SOLE 22336 0 0 ST MARY LD & EXPL CO COM 792228108 477 14700 SH SOLE 14700 0 0 STAPLES INC COM 855030102 1045 45000 SH OTHER 01 45000 0 0 STAPLES INC COM 855030102 27085 1166469 SH SOLE 1166469 0 0 STARBUCKS CORP COM 855244109 1197 57950 SH SOLE 57950 0 0 STATE STR CORP COM 857477103 31049 590288 SH SOLE 590288 0 0 STATE STR CORP COM 857477103 473 9000 SH OTHER 01 9000 0 0 STERICYCLE INC COM 858912108 1066 22000 SH OTHER 01 22000 0 0 STERICYCLE INC COM 858912108 30744 634682 SH SOLE 634682 0 0 STRYKER CORP COM 863667101 545 12000 SH OTHER 01 12000 0 0 STRYKER CORP COM 863667101 23789 523651 SH SOLE 523651 0 0 SUN LIFE FINL INC COM 866796105 275 8801 SH SOLE 8801 0 0 SUN MICROSYSTEMS INC COM NEW 866810203 136 14975 SH SOLE 14975 0 0 SUNTECH PWR HLDGS CO LTD ADR 86800C104 470 30890 SH SOLE 30890 0 0 SUNTRUST BKS INC COM 867914103 2101 93176 SH SOLE 93176 0 0 SYSCO CORP COM 871829107 6377 256633 SH SOLE 256633 0 0 TARGET CORP COM 87612E106 565 12100 SH SOLE 12100 0 0 TELLABS INC COM 879664100 176 25432 SH SOLE 25432 0 0 TEMPLE INLAND INC COM 879868107 164 10000 SH SOLE 10000 0 0 TERADYNE INC COM 880770102 416 45000 SH SOLE 45000 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 566 11200 SH OTHER 01 11200 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 19629 388252 SH SOLE 388252 0 0 TEXAS INSTRS INC COM 882508104 1210 51050 SH SOLE 51050 0 0 THERMO FISHER SCIENTIFIC INC COM 883556102 320 7325 SH SOLE 7325 0 0 TIFFANY & CO NEW COM 886547108 2081 54000 SH SOLE 54000 0 0 TIME WARNER INC COM NEW 887317303 566 19666 SH SOLE 19666 0 0 TJX COS INC NEW COM 872540109 1498 40330 SH SOLE 40330 0 0 TORONTO DOMINION BK ONT COM NEW 891160509 451 7000 SH OTHER 01 7000 0 0 TORONTO DOMINION BK ONT COM NEW 891160509 8351 129568 SH SOLE 129568 0 0 TRACTOR SUPPLY CO COM 892356106 817 16866 SH SOLE 16866 0 0 TRANSOCEAN LTD REG SHS H8817H100 428 5000 SH OTHER 01 5000 0 0 TRANSOCEAN LTD REG SHS H8817H100 5980 69923 SH SOLE 69923 0 0 TRAVELERS COMPANIES INC COM 89417E109 561 11405 SH SOLE 11405 0 0 UNILEVER N V N Y SHS NEW 904784709 519 18000 SH SOLE 18000 0 0 UNION PAC CORP COM 907818108 1410 24172 SH SOLE 24172 0 0 UNITED PARCEL SERVICE INC CL B 911312106 8215 145474 SH SOLE 145474 0 0 UNITED TECHNOLOGIES CORP COM 913017109 58066 952995 SH SOLE 952995 0 0 UNITED TECHNOLOGIES CORP COM 913017109 1548 25400 SH OTHER 01 25400 0 0 US BANCORP DEL COM NEW 902973304 6244 285589 SH SOLE 285589 0 0 VANGUARD BD INDEX FD INC INTERMED TERM 921937819 8734 108410 SH SOLE 108410 0 0 VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 4840 112047 SH SOLE 112047 0 0 VANGUARD INTL EQUITY INDEX F EMR MKT ETF 922042858 2217 57555 SH SOLE 57555 0 0 VARIAN INC COM 922206107 371 7258 SH SOLE 7258 0 0 VARIAN MED SYS INC COM 92220P105 1264 30001 SH SOLE 30001 0 0 VARIAN SEMICONDUCTOR EQUIPMN COM 922207105 889 27075 SH SOLE 27075 0 0 VCA ANTECH INC COM 918194101 2268 84350 SH SOLE 84350 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 9370 309528 SH SOLE 309528 0 0 VERTEX PHARMACEUTICALS INC COM 92532F100 8776 231550 SH SOLE 231550 0 0 VICOR CORP COM 925815102 105 13610 SH SOLE 13610 0 0 VISA INC COM CL A 92826C839 6159 89115 SH SOLE 89115 0 0 VISA INC COM CL A 92826C839 553 8000 SH OTHER 01 8000 0 0 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 1031 45820 SH SOLE 45820 0 0 VORNADO RLTY TR SH BEN INT 929042109 2461 38211 SH SOLE 38211 0 0 WAL MART STORES INC COM 931142103 5780 117739 SH SOLE 117739 0 0 WALGREEN CO COM 931422109 749 20000 SH OTHER 01 20000 0 0 WALGREEN CO COM 931422109 7472 199437 SH SOLE 199437 0 0 WASHINGTON POST CO CL B 939640108 344 734 SH SOLE 734 0 0 WASTE MGMT INC DEL COM 94106L109 875 29350 SH SOLE 29350 0 0 WATERS CORP COM 941848103 299 5350 SH SOLE 5350 0 0 WEINGARTEN RLTY INVS SH BEN INT 948741103 359 18000 SH OTHER 01 18000 0 0 WELLS FARGO & CO NEW COM 949746101 282 10000 SH OTHER 01 10000 0 0 WELLS FARGO & CO NEW COM 949746101 19379 687667 SH SOLE 687667 0 0 WEYERHAEUSER CO COM 962166104 235 6390 SH SOLE 6390 0 0 WHITE MTNS INS GROUP LTD COM G9618E107 329 1071 SH SOLE 1071 0 0 WHOLE FOODS MKT INC COM 966837106 383 12572 SH SOLE 12572 0 0 WILEY JOHN & SONS INC CL A 968223206 828 23800 SH SOLE 23800 0 0 WILEY JOHN & SONS INC CL B 968223305 275 8000 SH SOLE 8000 0 0 WINDSTREAM CORP COM 97381W104 434 42821 SH SOLE 42821 0 0 WISCONSIN ENERGY CORP COM 976657106 790 17500 SH SOLE 17500 0 0 WYETH COM 983024100 10179 209517 SH SOLE 209517 0 0 ZIMMER HLDGS INC COM 98956P102 5994 112132 SH SOLE 112132 0 0
-----END PRIVACY-ENHANCED MESSAGE-----