0001127544-11-000007.txt : 20110726 0001127544-11-000007.hdr.sgml : 20110726 20110726143716 ACCESSION NUMBER: 0001127544-11-000007 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110726 DATE AS OF CHANGE: 20110726 EFFECTIVENESS DATE: 20110726 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KARPAS STRATEGIES LLC CENTRAL INDEX KEY: 0001127544 IRS NUMBER: 134074234 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06347 FILM NUMBER: 11987002 BUSINESS ADDRESS: STREET 1: 488 MADISON AVENUE STREET 2: 17TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2122237280 MAIL ADDRESS: STREET 1: 488 MADISON AVENUE STREET 2: 17TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 13F-HR 1 ks2q11.txt 13F United States Securities and Exchange Commission Washington, D.C. 20549 Form 13F Form 13F Cover Page Report for the Calendar Year or Quarter Ended: June 30, 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Karpas Strategies, LLC Address: 488 Madison Avenue, 17th Floor New York, NY 10022 13F File Number: 028-06347 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: Kitty Lee Title: Administrator Telephone: 212-223-7280 Signature, Place, and Date of Signing Kitty Lee New York, New York July 26, 2011 Report Type (Check only one.): [X] 13F Holdings Report. [ ] 13F Notice. [ ] 13F Combination Report. List of Other Managers Reporting for this Manager: 0 I am signing this report as required by the Securities Exchange Act of 1934. Form 13F Summary Page Report Summary: Number of Other Included Managers: Form 13F Information Table Entry Total: 103 Form 13F Information Table Value Total: $141,331,000 List of Other Included Managers: 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Ace Limited COM G0070K103 988 15015 SH Sole 14265 750 AllianceBernstein Holdings LP COM 01881g106 453 23318 SH Sole 22218 1100 American Express COM 025816109 807 15600 SH Sole 15600 BHP Billiton Ltd COM 088606108 1041 11000 SH Sole 11000 BP PLC COM 055622104 1177 26570 SH Sole 26570 Berkshire Hathaway Inc. CL A COM 084670108 348 3 SH Sole 3 Berkshire Hathaway Inc. Cl B COM 084670702 2565 33145 SH Sole 30337 2808 Boeing Co. COM 097023105 238 3218 SH Sole 3218 Bristol-Myers Squibb COM 110122108 915 31600 SH Sole 31600 Brookfield Asset Mgt COM 112585104 5046 152122 SH Sole 139322 12800 Brookfield Infrastru Prtnrs LP COM g16252102 2687 107252 SH Sole 102217 5035 CME Group Inc Cl A COM 167760107 292 1000 SH Sole 1000 CVS Caremark, Corp. COM 126650100 641 17052 SH Sole 17052 CapitalSource Inc. COM 14055X102 486 75338 SH Sole 71088 4250 Cenovus Energy, Inc. COM 15135U109 320 8500 SH Sole 8050 450 Charles Schwab COM 808513105 6725 408800 SH Sole 316950 91850 Chevron Corp. COM 166751107 2355 22900 SH Sole 19900 3000 CitiGroup Inc. COM 172967101 1173 28162 SH Sole 24748 3414 Coca Cola Co. COM 191216100 1036 15400 SH Sole 13900 1500 Colgate-Palmolive COM 194162103 457 5225 SH Sole 5225 Comcast Cl A Special COM 20030N200 1910 78835 SH Sole 71510 7325 Comcast Corp. Cl A COM 20030N101 319 12585 SH Sole 12020 565 ConocoPhillips COM 20825C104 2119 28187 SH Sole 28187 Copano Energy, LLC COM 217202100 1972 57641 SH Sole 54641 3000 Deere & Co. COM 244199105 701 8500 SH Sole 8500 DirectTV Group Inc. COM 25490A101 1527 30039 SH Sole 27826 2213 Duke Energy Corp. COM 26441c105 294 15600 SH Sole 15600 Duke Realty Corp COM 264411505 214 15306 SH Sole 14106 1200 Eastgroup Properties COM 277276101 563 13250 SH Sole 13250 EnCana Corp. COM 292505104 262 8500 SH Sole 8050 450 Enbridge Energy Management LLC COM 29250X103 3580 115866 SH Sole 110144 5722 Enstar Group LTD COM G3075P101 534 5110 SH Sole 4810 300 Ethan Allen Interiors COM 297602104 223 10468 SH Sole 10468 Exxon Mobil Corp COM 30231G102 4780 58738 SH Sole 58738 First Nat'l of Nebraska, Inc. COM 335720108 3059 950 SH Sole 850 100 General Electric COM 369604103 3368 178600 SH Sole 164150 14450 HSBC Holdings PLC COM 404280406 1631 32866 SH Sole 32866 Hess Corp. COM 42809h107 1172 15678 SH Sole 15678 Honeywell Intl. COM 438506107 1073 18000 SH Sole 15000 3000 ITT Corp. COM 450911102 429 7275 SH Sole 5850 1425 Icici Bank LTD COM 45104G104 1062 21550 SH Sole 21550 Intl Bus Machines COM 459200101 491 2863 SH Sole 2863 JPMorgan Chase COM 46625H100 215 5261 SH Sole 5261 Johnson & Johnson COM 478160104 10939 164440 SH Sole 161940 2500 Kinder Morgan Energy Partners COM 494550106 711 9800 SH Sole 9800 Leucadia Natl Corp. COM 527288104 3706 108683 SH Sole 100183 8500 Level 3 Communications COM 52729N100 26 10500 SH Sole 10500 Liberty Capital Ser A COM 53071m302 499 5814 SH Sole 5260 554 Liberty Global Cl A COM 530555101 1219 27055 SH Sole 25484 1571 Liberty Global Ser C COM 530555309 2143 50186 SH Sole 45215 4971 Liberty Media Hldg COM 53071M104 481 28659 SH Sole 25885 2774 Liberty Starz COM 53071m708 223 2965 SH Sole 2745 220 Lockheed Martin COM 539831099 426 5266 SH Sole 4589 677 Magellan Midstream Ptnrs LP COM 559080106 4894 81941 SH Sole 77736 4205 Manulife Financial Corp. COM 56501r106 212 12000 SH Sole 6000 6000 Markwest Energy Ptnr LP COM 570759100 2086 43250 SH Sole 36950 6300 Marriott Intl. Inc. COM 571903202 1076 30327 SH Sole 30327 Martin Marietta Mtrl COM 573284106 524 6550 SH Sole 5875 675 McDonald's Corp. COM 580135101 282 3350 SH Sole 3350 Merck & Co. COM 589331107 5046 143000 SH Sole 143000 Microsoft Corp. COM 594918104 709 27250 SH Sole 27250 Monsanto Co. COM 61166w101 326 4500 SH Sole 4500 Montpelier Re Holdings LTD COM G62185106 792 44000 SH Sole 40300 3700 Nacco Inds Inc. CL A COM 652957910 1029 10625 SH Sole 10015 610 National Aust Bank COM 632525408 631 23000 SH Sole 23000 News Corp LTD Cl A COM 65248e104 1998 112856 SH Sole 104856 8000 Nextera Engergy, Inc. COM 65339F101 815 14182 SH Sole 14182 Nokia Corp. Spon ADR COM 654902209 66 10325 SH Sole 10325 Nuveen Govt Income Fund COM 67090N109 189 12750 SH Sole 12750 Oneok Partners LP COM 68268N103 3531 41400 SH Sole 36400 5000 Pfizer Inc. COM 717081103 2285 110906 SH Sole 105206 5700 Philip Morris Intl Inc COM 718172109 634 9500 SH Sole 9500 Plum Creek Timber COM 729251108 276 6800 SH Sole 6800 Procter & Gamble Co COM 742718109 292 4600 SH Sole 2650 1950 Rayonier Inc COM 754907103 4386 67117 SH Sole 65017 2100 Royal Dutch Shell COM 780259206 1401 19700 SH Sole 19700 Shaw Communications COM 82082k200 365 16000 SH Sole 16000 Spectra Energy Corp. COM 847560109 598 21800 SH Sole 21800 St. Joe Co COM 790148100 1119 53685 SH Sole 46810 6875 Suncor Energy Inc. COM 867229106 352 9000 SH Sole 9000 Texas Instruments COM 882508104 1576 48000 SH Sole 48000 The Bank of New York Mellon COM 064057102 535 20879 SH Sole 13719 7160 Toronto-Dominion Bank COM 891160509 527 6213 SH Sole 6213 Travelers Companies Inc. COM 792860108 388 6650 SH Sole 6650 U S G Corp. COM 903293405 1017 70955 SH Sole 61330 9625 U.S. Bancorp COM 902973304 2004 78545 SH Sole 78545 UDR, Inc. COM 902653104 225 9145 SH Sole 6645 2500 VistaPrint Limited COM G93762204 5984 125050 SH Sole 113050 12000 W.P. Carey & Co LLC COM 92930Y107 3713 91700 SH Sole 88625 3075 Wal-Mart Stores COM 931142103 303 5700 SH Sole 5700 Walt Disney Co. COM 254687106 1426 36529 SH Sole 31729 4800 Waste Management, Inc. COM 94106L109 436 11700 SH Sole 10700 1000 Wells Fargo & Co. COM 949746101 2638 94000 SH Sole 86000 8000 Wells Fargo Adv Global Div Opp COM 30024H101 125 12500 SH Sole 12500 Westpac Banking Corp (ADR) COM 961214301 300 2500 SH Sole 2500 White Mountains Insurance Grou COM G9618E107 646 1537 SH Sole 1412 125 Williams Companies COM 969457100 290 9600 SH Sole 8100 1500 Zimmer Holdings Inc. COM 98956p102 313 4960 SH Sole 4960 iShares S&P US PFD Fund COM 464288687 381 9600 SH Sole 9000 600 Fidelity Asset Manager 50% MUT 316069103 187 11731.4830 SH Sole 11731.4830 Longleaf Partners Internationa MUT 543069405 291 18315.1960 SH Sole 14013.0830 4302.1130 Putnam Global Healthcare Fund MUT 746778109 249 4961.1160 SH Sole 4961.1160 T Rowe Price Growth Stock Fd I MUT 741479109 240 7105.5010 SH Sole 7105.5010 REPORT SUMMARY 103 DATA RECORDS 141331 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED