0001140361-12-008612.txt : 20120215 0001140361-12-008612.hdr.sgml : 20120215 20120215143153 ACCESSION NUMBER: 0001140361-12-008612 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120215 DATE AS OF CHANGE: 20120215 EFFECTIVENESS DATE: 20120215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: McAdams Wright Ragen, Inc. CENTRAL INDEX KEY: 0001456685 IRS NUMBER: 911920002 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13472 FILM NUMBER: 12615506 BUSINESS ADDRESS: STREET 1: 925 FOURTH AVENUE STREET 2: SUITE 3900 CITY: SEATTLE STATE: WA ZIP: 98103 BUSINESS PHONE: 206.664.8850 MAIL ADDRESS: STREET 1: 925 FOURTH AVENUE STREET 2: SUITE 3900 CITY: SEATTLE STATE: WA ZIP: 98103 13F-HR 1 form13fhr.txt NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2011 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: McAdams Wright Ragen, Inc. Address: 925 Fourth Avenue, Suite 3900 Seattle, WA 98104 Form 13F File Number: 028-13472 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 submission. Persons Signing this Report on Behalf of Reporting Manager: Name: Michelle E. Heyne Title: Chief Compliance Officer Phone: 206-664-8865 Signature, Place, and Date of Signing: /s/ Michelle Heyne Seattle, WA 2/14/2012 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [ ] 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).) [X] 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).) List of Other Managers Reporting for this Manager: 13F File Number Name 29-06910 Ken Roberts Investment Management Inc. --------------- --------------------------------------------------------------- 28-13411 Envestnet Asset Management Inc. --------------- --------------------------------------------------------------- Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 264 Form 13F Information Table Value Total: $ 776,867 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------- -------------- --------- -------- ----------------- ---------- -------- ------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ---- ------ ------- 3M COMPANY COM 88579Y101 13114 160450 SOLE 0 0 160450 ABB LTD SPONSORED ADR COM 375204 16691 886426 SOLE 0 0 886426 ABBOTT LABORATORIES COM 2824100 5806 103256 SOLE 0 0 103256 ADOBE SYS INC COM 00724F101 221 7816 SOLE 0 0 7816 AFLAC INC COM 1055102 252 5825 SOLE 0 0 5825 AKAMAI TECHNOLOGIES INC COM 00971T101 285 8830 SOLE 0 0 8830 ALLEGHENY TECHNOLOGIES INC COM 01741R102 607 12700 SOLE 0 0 12700 ALLIANCE BERNSTEIN INCOME FUND COM 1.88E+104 686 84950 SOLE 0 0 84950 ALTRIA GROUP INC COM 02209S103 832 28068 SOLE 0 0 28068 AMAZON.COM INC COM 23135106 2467 14253 SOLE 0 0 14253 AMBASSADORS GROUP INC COM 23177108 65 14390 SOLE 0 0 14390 AMGEN INC COM 31162100 3307 51504 SOLE 0 0 51504 ANTARES PHARMA INC COM 36642106 433 197000 SOLE 0 0 197000 APPLE INC COM 37833100 6842 16895 SOLE 0 0 16895 APPLIED MATERIALS INC COM 38222105 235 21963 SOLE 0 0 21963 ARMOUR RESIDENTIAL REITINC COM COM 42315101 81 11500 SOLE 0 0 11500 AT&T INC COM 00206R102 17210 569100 SOLE 0 0 569100 AUTOMATIC DATA PROCESSING INC COM 53015103 2602 48176 SOLE 0 0 48176 AVISTA CORP. COM 05379B107 386 15000 SOLE 0 0 15000 BANK OF AMERICA CORP COM 60505104 559 100506 SOLE 0 0 100506 BANK OF MONTREAL NPV COM 63671101 940 17155 SOLE 0 0 17155 BARRICK GOLD CORP COM COM 67901108 3512 77610 SOLE 0 0 77610 BAXTER INTL INC COM 71813109 303 6132 SOLE 0 0 6132 BECTON DICKINSON CO COM 75887109 1020 13653 SOLE 0 0 13653 BERKSHIRE HATHAWAY INC CL BCOM COM 84670702 3390 44430 SOLE 0 0 44430 BERKSHIRE HATHAWAY INCDEL CL ACOM COM 84670108 1033 9 SOLE 0 0 9 BEST BUY INC COM 86516101 4601 196882 SOLE 0 0 196882 BHP BILLITON LIMITED ADREACH RCOM COM 88606108 1308 18525 SOLE 0 0 18525 BLACK HILLS CORP COM 92113109 1158 34475 SOLE 0 0 34475 BOARDWALK PIPELINE PARTNERS L.P. 96627104 3738 135105 SOLE 0 0 135105 BOEING CO COM 97023105 5028 68544 SOLE 0 0 68544 BOSTON SCIENTIFIC CORP COM 101137107 223 41798 SOLE 0 0 41798 BP PLC ADR (CNV INTO 60RD US) COM 55622104 921 21557 SOLE 0 0 21557 BRIGGS & STRATTON CORP COM 109043109 639 41250 SOLE 0 0 41250 BRISTOL MYERS SQUIBB COM 110122108 2508 71156 SOLE 0 0 71156 BROWN FORMAN CORP CLA VTG COM 115637100 443 5585 SOLE 0 0 5585 BUNGE LIMITED COM G16962105 1086 18991 SOLE 0 0 18991 CAMPBELL SOUP CO COM 134429109 11268 339002 SOLE 0 0 339002 CANADIAN PACIFIC RAILWAYS COM 13645T100 2742 40525 SOLE 0 0 40525 CATERPILLAR INC COM 149123101 547 6036 SOLE 0 0 6036 CHEVRON CORP NEW COM 166764100 14051 132060 SOLE 0 0 132060 CHUBB CORP COM 171232101 4751 68642 SOLE 0 0 68642 CISCO SYS INC COM 17275R102 5435 300610 SOLE 0 0 300610 CITIGROUP INC COM 172967424 304 11563 SOLE 0 0 11563 CLEARWIRE CORP NEW CL A COM 18538Q105 42 21558 SOLE 0 0 21558 CLOROX CO DEL COM 189054109 357 5361 SOLE 0 0 5361 CLOUD PEAK ENERGY INC. COM 18911Q102 302 15610 SOLE 0 0 15610 COCA COLA CO COM 191216100 3156 45107 SOLE 0 0 45107 COLGATE-PALMOLIVE CO COM 194162103 386 4177 SOLE 0 0 4177 COLUMBIA BKG SYS INC COM 197236102 1883 97696 SOLE 0 0 97696 COMCAST CORP NEW CL A COM 20030N101 2405 101443 SOLE 0 0 101443 CONAGRA FOODS INC COM 205887102 818 30977 SOLE 0 0 30977 CONCUR TECHNOLOGIES INC COM 206708109 1081 21291 SOLE 0 0 21291 CONOCOPHILLIPS COM 20825C104 3867 53064 SOLE 0 0 53064 CONSOLIDATED EDISON HLDG CO IN COM 209115104 412 6646 SOLE 0 0 6646 CORNING INC COM 219350105 12180 938341 SOLE 0 0 938341 COSTCO WHOLESALE CORP COM 22160K105 5825 69908 SOLE 0 0 69908 CRAY INC COM NEW COM 225223304 2529 390893 SOLE 0 0 390893 DCT INDL TR INC COM 233153105 169 32950 SOLE 0 0 32950 DENDREON CORP COM 24823Q107 648 85275 SOLE 0 0 85275
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------- -------------- --------- -------- ----------------- ---------- -------- ------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ---- ------ ------- DIAGEO PLC ADR COM 25243Q205 2327 26619 SOLE 0 0 26619 DIAMOND HILL FINL TRENDS FD COM 25264C101 128 15500 SOLE 0 0 15500 DIAMOND OFFSHORE DRILLING INC COM 25271C102 300 5421 SOLE 0 0 5421 DISNEY WALT CO COM 254687106 398 10626 SOLE 0 0 10626 DOLLAR TREE INC COM 256746108 913 10984 SOLE 0 0 10984 DOW CHEMICAL CO COM 260543103 246 8539 SOLE 0 0 8539 DU PONT EI DE NEMOURS & CO COM 263534109 980 21415 SOLE 0 0 21415 DUKE ENERGY CORP COM 26441C105 539 24496 SOLE 0 0 24496 DUKE REALTY CORP NEW COM 264411505 190 15769 SOLE 0 0 15769 E M C CORP MASS COM 268648102 623 28919 SOLE 0 0 28919 EBAY INC COM 278642103 487 16050 SOLE 0 0 16050 EMERSON ELECTRIC CO COM 291011104 1120 24030 SOLE 0 0 24030 ENCANA CORP COM 292505104 3452 186290 SOLE 0 0 186290 ETFS GOLD TR SHS COM 26922Y105 296 1910 SOLE 0 0 1910 EXELIS INC COM COM 30162A108 211 23294 SOLE 0 0 23294 EXELON CORP COM 30161N101 6163 142098 SOLE 0 0 142098 EXPEDITORS INTL WASH INC COM 302130109 3897 95152 SOLE 0 0 95152 EXXON MOBIL CORP COM 30231G102 11038 130223 SOLE 0 0 130223 F5 NETWORKS INC COM 315616102 1068 10065 SOLE 0 0 10065 FEDERATED INVESTORS INC CL B COM 314211103 3114 205569 SOLE 0 0 205569 FEDEX CORP COM 31428X106 4845 58014 SOLE 0 0 58014 FEI COMPANY COM 30241L109 1334 32710 SOLE 0 0 32710 FIRST ENERGY COM 337932107 7919 178756 SOLE 0 0 178756 FLOW INTL CORP COM 343468104 83 23857 SOLE 0 0 23857 FORD MTR CO COM 345370860 742 68948 SOLE 0 0 68948 FREEPORT MCMORAN COPPER&GOLD COM 35671D857 230 6246 SOLE 0 0 6246 GABELLI HEALTHCARE & WELLNESS COM 36246K103 83 11600 SOLE 0 0 11600 GANNETT INC COM 364730101 378 28257 SOLE 0 0 28257 GENERAL ELECTRIC CO COM 369604103 6971 389202 SOLE 0 0 389202 GENERAL MOTORS CO COM 37045V100 1348 66493 SOLE 0 0 66493 GENTIVA HEALTH SVCS INC COM 37247A102 337 50000 SOLE 0 0 50000 GLAXOSMITHKLINE PLC SPON ADR COM 37733W105 4159 91141 SOLE 0 0 91141 GOLDMAN SACHS GROUP INC COM 38141G104 263 2909 SOLE 0 0 2909 GOOGLE INC CL A COM 38259P508 1319 2042 SOLE 0 0 2042 GUGGENHEIM SOLAR ETF COM 18383M621 28 11500 SOLE 0 0 11500 HANSEN NATURAL CORP COM 411310105 701 7610 SOLE 0 0 7610 HEALTH CARE REIT INC COM 42217K106 4580 83995 SOLE 0 0 83995 HEINZ H J CO COM 423074103 212 3925 SOLE 0 0 3925 HEWLETT-PACKARD CO. COM 428236103 514 19959 SOLE 0 0 19959 HOME DEPOT INC COM 437076102 2596 61751 SOLE 0 0 61751 HOME FED BANCORP INC COM 43710G105 209 20054 SOLE 0 0 20054 INTEL CORP COM 458140100 25312 1043809 SOLE 0 0 1043809 INTL BUSINESS MACH COM 459200101 7311 39761 SOLE 0 0 39761 INTL RECTIFIER CORP COM 460254105 993 51116 SOLE 0 0 51116 ISHARES GOLD TRUST COM 464285105 897 58888 SOLE 0 0 58888 ISHARES INC MSCI JAPAN INDEX COM 464286848 140 15400 SOLE 0 0 15400 ISHARES INC MSCI PACIFIC INDEX COM 464286665 391 10035 SOLE 0 0 10035 ISHARES MSCI EAFE INDEX FD COM 464287465 7531 152041 SOLE 0 0 152041 ISHARES NASDAQ BIOTECHNOLOGY COM 464287556 334 3200 SOLE 0 0 3200 ISHARES TR DOW JONES SELECT COM 464287168 334 6210 SOLE 0 0 6210 ISHARES TR MSCI EMERGING MKTS COM 464287234 2868 75580 SOLE 0 0 75580 ISHAARES TR S&P EUROPE 350 INDE COM 464287861 202 6000 SOLE 0 0 6000 ISHARES TR S&P MIDCAP400 INDEX COM 464287507 537 6134 SOLE 0 0 6134 ITT COPR COM 450911201 1058 54741 SOLE 0 0 54741 JOHNSON & JOHNSON COM 478160104 12055 183814 SOLE 0 0 183814 JP MORGAN CHASE & CO COM 46625H100 672 20215 SOLE 0 0 20215 KIMBERLY CLARK CORP COM 494368103 13224 179775 SOLE 0 0 179775 KRAFT FOODS INC CL A COM 50075N104 3623 96978 SOLE 0 0 96978 KROGER CO COM 501044101 3263 134720 SOLE 0 0 134720 LACROSSE FOOTWEAR INC COM 505688101 295 23336 SOLE 0 0 23336
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------- -------------- --------- -------- ----------------- ---------- -------- ------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ---- ------ ------- LAS VEGAS SANDS CORP COM 517834107 234 5470 SOLE 0 0 5470 LATTICE SEMICONDUCTOR CORP COM 518415104 112 18800 SOLE 0 0 18800 LILLY ELI & CO COM 532457108 6239 150110 SOLE 0 0 150110 LOUISIANA PACIFIC CORP COM 546347105 2528 313215 SOLE 0 0 313215 LOWES COMPANIES COM 548661107 209 8226 SOLE 0 0 8226 M&T BANK CORP COM 55261F104 9303 121861 SOLE 0 0 121861 M D U RES GROUP INC COM 552690109 1532 71408 SOLE 0 0 71408 MAGNA INTERNATIONAL INC COM 559222401 700 21005 SOLE 0 0 21005 MANNKIND CORP COM 56400P201 46 18500 SOLE 0 0 18500 MAP PHARMACEUTICALS INC COM 56509R108 132 10000 SOLE 0 0 10000 MARKET VECTORS ETF TR GOLD COM 57060U100 367 7127 SOLE 0 0 7127 MASTERCARD INC CL A COM 57636Q104 3877 10400 SOLE 0 0 10400 MCDONALDS CORP COM 580135101 1915 19084 SOLE 0 0 19084 MCGRAW HILL COS INC COM 580645109 270 6000 SOLE 0 0 6000 MEDTRONIC CORP COM 585055106 12719 332518 SOLE 0 0 332518 MERCK & CO INC NEW COM 58933Y105 5706 151353 SOLE 0 0 151353 MICRON TECHNOLOGY COM 595112103 1331 211557 SOLE 0 0 211557 MICROSOFT CORP COM 594918104 33964 1308317 SOLE 0 0 1308317 MOODYS CORP COM 615369105 517 15337 SOLE 0 0 15337 MORGAN STANLEY ASIA PACIFIC FD COM 61744U106 1791 136748 SOLE 0 0 136748 MORGAN STANLEY EMERG MKTS COM 617477104 154 10860 SOLE 0 0 10860 MOSAIC CO NEW COM 61945C103 2054 40731 SOLE 0 0 40731 MURPHY OIL CORP COM 626717102 2001 35901 SOLE 0 0 35901 NATIONAL PRESTO INDS INC COM 637215104 1417 15140 SOLE 0 0 15140 NEW YORK COMMUNITY BANK CORP COM 649445103 634 51250 SOLE 0 0 51250 NEWELL RUBBERMAID INC COM 651229106 774 47940 SOLE 0 0 47940 NEWMONT MNG CORP HLDG COM 651639106 3797 63280 SOLE 0 0 63280 NIKE INC CLASS B COM 654106103 2500 25938 SOLE 0 0 25938 NOKIA CORP ADR COM 654902204 12145 2519654 SOLE 0 0 2519654 NORDSTROM INC COM 655664100 3058 61526 SOLE 0 0 61526 NORTHERN TR CO COM 665859104 628 15830 SOLE 0 0 15830 NORTHROP GRUMMAN CORP HOLDING COM 666807102 284 4853 SOLE 0 0 4853 NORTHWEST PIPE CO COM 667746101 609 26635 SOLE 0 0 26635 NOVARTIS A G ADR COM 66987V109 278 4859 SOLE 0 0 4859 NOVO-NORDISK A S ADR COM 670100205 4213 36555 SOLE 0 0 36555 NUCOR CORP COM 670346105 990 25015 SOLE 0 0 25015 OLD REPUBLIC INTL CORP COM 680223104 139 14968 SOLE 0 0 14968 OMEROS CORP WASHINGTON COM 682143102 76 19250 SOLE 0 0 19250 ORACLE CORPORATION COM 68389X105 1795 69998 SOLE 0 0 69998 PACCAR INC COM 693718108 16095 429545 SOLE 0 0 429545 PACIFIC CONTL CORP COM 69412V108 360 40692 SOLE 0 0 40692 PAYCHEX INC COM 704326107 343 11394 SOLE 0 0 11394 PEABODY ENERGY CORP COM 704549104 1080 32632 SOLE 0 0 32632 PENN WEST PETROLEUM LTD COM 707887105 2257 114002 SOLE 0 0 114002 PENNYMAC MORTGAGE INVESTMENT COM 70931T103 981 59030 SOLE 0 0 59030 PEPSICO INC COM 713448108 20360 306850 SOLE 0 0 306850 PERRIGO CO COM 714290103 634 6515 SOLE 0 0 6515 PFIZER INC COM 717081103 21843 1009390 SOLE 0 0 1009390 PG&E CORP COM 69331C108 538 13052 SOLE 0 0 13052 PHILIP MORRIS INTL INC COM 718172109 2529 32225 SOLE 0 0 32225 PHILIPS ELECTRONICS(KONINKLI K COM 500472303 16475 786420 SOLE 0 0 786420 PIMCO INCOME OPPORTUNITY FD COM 72202B100 428 17015 SOLE 0 0 17015 PIMCO INCOME STRATEGY FD II COM 72201J104 180 19632 SOLE 0 0 19632 PINNACLE WEST CAP CP COM 723484101 345 7170 SOLE 0 0 7170 PLUM CREEK TIMBER CO INC COM 729251108 4385 119943 SOLE 0 0 119943 PORTLAND GEN ELEC CO COM 736508847 619 24487 SOLE 0 0 24487 POTLATCH CORP NEW COM 737630103 2521 81036 SOLE 0 0 81036 POWERSHARES OOO TR UNITSER 1 COM 73935A104 207 3702 SOLE 0 0 3702 PRECISION CASTPARTS CORP COM 740189105 261 1585 SOLE 0 0 1585 PROCTOR & GAMBLE CO COM 742718109 3773 56556 SOLE 0 0 56556
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------- -------------- --------- -------- ----------------- ---------- -------- ------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ---- ------ ------- PUBLIC STORAGE COM 74460D109 860 6396 SOLE 0 0 6396 QUALCOMM INC COM 747525103 1302 23811 SOLE 0 0 23811 RAYONIER INC COM 754907103 4691 105118 SOLE 0 0 105118 RAYTHEON CO COM 755111507 792 16370 SOLE 0 0 16370 RED LION HOTELS CORP COM 756764106 225 32400 SOLE 0 0 32400 REDWOOD TRUST INC COM 758075402 200 19650 SOLE 0 0 19650 REPUBLIC SERVICES INCCL A COM 760759100 1033 37500 SOLE 0 0 37500 ROYAL DUTCH SHELL SPON ADR B COM 780259107 6331 83288 SOLE 0 0 83288 ROYAL DUTCH SHELL SPON ADR A COM 780259206 857 11728 SOLE 0 0 11728 ROYAL GOLD INC COM 780287108 414 6147 SOLE 0 0 6147 ROYCE VALUE TR INC COM 780910105 140 11405 SOLE 0 0 11405 SAFEWAY INC NEW COM 786514208 1378 65475 SOLE 0 0 65475 SAN JUAN BASIN RTY TRUST COM 798241105 2532 111240 SOLE 0 0 111240 SCHLUMBERGER LIMITED COMSTK COM 806857108 615 9006 SOLE 0 0 9006 SEABRIGHT HOLDINGS INC COM 811656107 488 63774 SOLE 0 0 63774 SEAGATE TECHNOLOGY PLCCOM USD0 COM G7945M107 1179 71886 SOLE 0 0 71886 SEATTLE GENETICS INC COM 812578102 323 19295 SOLE 0 0 19295 SELECTSECTOR SPDRTR SHS BENINT COM 81369Y886 587 16310 SOLE 0 0 16310 SEMPRA ENERGY COM 816851109 8624 156795 SOLE 0 0 156795 SOUTHERN CO COM 842587107 3601 77785 SOLE 0 0 77785 SPDR TR GOLD COM 78463V107 2176 14314 SOLE 0 0 14314 SPDR S&P 500 ETF TRUST UNIT COM 78462F103 247 1972 SOLE 0 0 1972 SPDR S&P MIDCAP 400 ETFTR UNIT COM 78467Y107 222 1395 SOLE 0 0 1395 SPDR SER TR BARCLAYS CAPHIGH COM 78464A417 217 5645 SOLE 0 0 5645 SPRINT NEXTEL CORP COM 852061100 347 148118 SOLE 0 0 148118 STANCORP FINANCIAL CORP COM 852891100 1552 42238 SOLE 0 0 42238 STARBUCKS CORP COM 855244109 7264 157870 SOLE 0 0 157870 STRYKER CORP COM 863667101 203 4090 SOLE 0 0 4090 SUMMIT STATE BK SANTA ROSA CAL COM 866264203 132 25400 SOLE 0 0 25400 SYSCO CORP COM 871829107 8471 288814 SOLE 0 0 288814 TALBOTS INC COM 874161102 27 10000 SOLE 0 0 10000 TARGET CORP COM 8.76E+110 23326 455403 SOLE 0 0 455403 TELEFONICA S A ADR COM 879382208 1006 58541 SOLE 0 0 58541 TESLA MOTORS INC COM 88160R101 4254 148959 SOLE 0 0 148959 TEVA PHARMACEUTICAL INDS LTD COM 881624209 758 18789 SOLE 0 0 18789 TORTOISE ENERGY CAP CORP COM 89147U100 233 8671 SOLE 0 0 8671 TOTAL ADR EACH REP 1 ORDSHS EU COM 8.92E+113 3530 69060 SOLE 0 0 69060 TRANSOCEAN LIMITED COM H8817H100 8740 227654 SOLE 0 0 227654 TRIQUINT SEMICONDUCTORINC COM 89674K103 152 31175 SOLE 0 0 31175 TWO HARBORS INVESTMENT CORP COM 90187B101 130 14100 SOLE 0 0 14100 UMPQUA HLDGS CORP COM 904214103 249 20075 SOLE 0 0 20075 UNILEVER PLC ADS COM 904767704 1114 33245 SOLE 0 0 33245 UNION PACIFIC CORP COM 907818108 539 5090 SOLE 0 0 5090 UNITED PARCEL SVC INC CL B COM 911312106 1692 23119 SOLE 0 0 23119 UNITED TECHNOLOGIES CORP COM 913017109 391 5354 SOLE 0 0 5354 US BANCORP DEL COM 902973304 11339 419184 SOLE 0 0 419184 VALERO ENERGY CORP COM 91913Y100 1999 94966 SOLE 0 0 94966 VANGUARD INDEX FDS VANGUARDSMA COM 922908595 538 7052 SOLE 0 0 7052 VANGUARD INDEX FDS COM 922908769 763 11872 SOLE 0 0 11872 VANGUARD INTL EQUITY INDEX COM 922042858 1740 45529 SOLE 0 0 45529 VENTAS INC COM 92276F100 1338 24275 SOLE 0 0 24275 VERIZON COMMUNICATIONS COM 92343V104 3294 82107 SOLE 0 0 82107 VODAFONE GROUP SPON ADR COM 92857W209 3550 126637 SOLE 0 0 126637 WAL-MART STORES INC COM 931142103 1223 20463 SOLE 0 0 20463 WALGREEN CO COM 931422109 261 7885 SOLE 0 0 7885 WASHINGTON BANKING CO COM 937303105 273 22880 SOLE 0 0 22880 WASHINGTON FEDERAL INC COM 938824109 7564 540702 SOLE 0 0 540702 WASHINGTON REAL ESTATE INVT TR COM 939653101 19964 729950 SOLE 0 0 729950 WASTE MANAGEMENT INC COM 941061109 5550 169677 SOLE 0 0 169677 WEBMD HEALTH CORP CL A COM 94770V102 385 10250 SOLE 0 0 10250
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------- -------------- --------- -------- ----------------- ---------- -------- ------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ---- ------ ------- WEIS MARKETS INC COM 94884914 739 18510 SOLE 0 0 18510 WELLS FARGO & CO NEW COM 949746101 4441 161129 SOLE 0 0 161129 WEYERHAUSER CO COM 962166104 7183 384750 SOLE 0 0 384750 WHIRLPOOL CORP COM 963320106 828 17440 SOLE 0 0 17440 WINDSTREAM CORP COM COM 97381W104 946 80612 SOLE 0 0 80612 WISCONSIN ENERGY CP COM 976657106 388 11110 SOLE 0 0 11110 WISDONTREE EMERG MKTSEQUITY IN COM 97717W315 244 4754 SOLE 0 0 4754 WISDOMTREE TR LARGECAPDIVID FD COM 97717W307 362 7375 SOLE 0 0 7375 XCEL ENERGY INC COM 98389B100 530 19163 SOLE 0 0 19163 XEROX CORP COM 984121103 912 114579 SOLE 0 0 114579 XYLEM INC COM COM 98419M100 2813 109489 SOLE 0 0 109489 YAHOO INC COM 984332106 2719 168590 SOLE 0 0 168590 ZUMIEZ INC COM 989817101 5661 203943 SOLE 0 0 203943 HATTERAS FINL CORP COM 41902R103 1024 38835 SOLE 0 0 38835 BARCLAYS BANK PLC ADRSER 2 REPPFD PFD 06739F390 183 10000 SOLE 0 0 10000 GENERAL MOTORS CO PFD PFD 37045V209 437 12750 SOLE 0 0 12750 CALUMET SPECIALTY PRODSPARTNER 131476103 1089 54000 SOLE 0 0 54000 ENERGY TRANSFER PARTNERS L.P 29273R109 1227 26756 SOLE 0 0 26756 BUCKEYE PARTNERS LP LTD L.P. 118230101 2754 43038 SOLE 0 0 43038 EL PASO PIPELINE PARTNERS L.P. 283702108 5303 153180 SOLE 0 0 153180 ENBRIDGE ENERGY PARTNERS L.P. 29250R106 3650 109970 SOLE 0 0 109970 ENTERPRISE PRODUCTS PARTNERS L.P. 293792107 9491 204638 SOLE 0 0 204638 PENN VA RESOURCE PARTNERS L.P. 707884102 6361 249148 SOLE 0 0 249148 BARCLAYS BK PLC SPONSOREDADR P 06739H362 334 15000 SOLE 0 0 15000