13F-HR/A 1 dec312010tableacn.txt DECEMBER 31, 2010 13F REPORT - AMENDMENT #1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2010 Check here if Amendment [ X ]; Amendment Number: 1 This Amendment (Check only one.): [ X ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Pekin, Singer Strauss Asset Management, Inc. Address: 21 South Clark Street, Suite 3325 Chicago, Illinois 60603 13F File Number: 028-05740 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: William Schmidle Title: Chief Financial Officer Phone: 312-554-7526 Signature, Place, and Date of Signing: /s/ William Schmidle Chicago, Illinois January 27, 2011 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: 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: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 152 FORM 13F INFORMATION TABLE VALUE TOTAL: 382,457,000 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. NONE 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- TECH DATA CORP SR DEB CONV CONV 878237AE6 109 105000 PRN SOLE 105000 TRANSOCEAN INC 1.5%37F BONDS D CONV 893830av1 3955 3970000 PRN SOLE 3970000 TRANSOCEAN INC SR NT ISIN#US89 CONV 893830AW9 204 211000 PRN SOLE 211000 100,000THS KINDER MORGAN MGMT COM EKE55U103 0 64657 SH SOLE 64657 3DFX INTERACTIVE INC XXX REGIS COM 88553X103 0 21750 SH SOLE 21750 3M COMPANY COM 88579Y101 341 3947 SH SOLE 3947 ABBOTT LABS COM COM 002824100 841 17547 SH SOLE 17547 ACCO BRANDS CORP COM 00081T108 756 88720 SH SOLE 88720 ACE LIMITED SHS ISIN#CH0044328 COM H0023R105 433 6956 SH SOLE 6956 ADV AMER CASH ADV CENTER COM 00739W107 323 57200 SH SOLE 57200 ALBANY MOLECULR RESEARCH COM 012423109 7596 1351533 SH SOLE 1351533 ALCARD CHEMICALS GROUP INC COM COM 013775101 0 90000 SH SOLE 90000 ALLSTATE CORP COM 020002101 237 7424 SH SOLE 7424 ALTRIA GROUP INC COM 02209S103 523 21256 SH SOLE 21256 AMERICAN ELECTRIC POWER CO COM 025537101 340 9452 SH SOLE 9452 ANNALY CAPITAL MGMT REIT COM 035710409 19377 1081318 SH SOLE 1081318 APACHE CORP COM 037411105 250 2100 SH SOLE 2100 APPLE INC COM 037833100 1729 5360 SH SOLE 5360 AT&T INC COM COM 00206R102 837 28485 SH SOLE 28485 BANK OF AMERICA COM COM 060505104 464 34780 SH SOLE 34780 BANK OF NEW YORK MELLON CORP C COM 064058100 335 11082 SH SOLE 11082 BARRICK GOLD CORP COM ISIN#CA0 COM 067901108 201 3788 SH SOLE 3788 BAXTER INTL INC COM COM 071813109 405 7993 SH SOLE 7993 BECTON DICKINSON & CO COM 075887109 229 2715 SH SOLE 2715 BERKSHIRE HATHAWAY B NEW CLASS COM 084670702 662 8264 SH SOLE 8264 BERKSHIRE HATHAWAY INC DEL CL COM 084670108 241 2 SH SOLE 2 BP PLC ADR F SPONSORED ADR 1 A COM 055622104 10178 230417 SH SOLE 230417 BRISTOL MYERS SQUIBB CO COM COM 110122108 665 25132 SH SOLE 25132 CANADIAN NATL RY CO COM ISIN#C COM 136375102 3756 56511 SH SOLE 56511 CARNIVAL CORP PAIRED CTF 1 COM COM 143658300 357 7750 SH SOLE 7750 CATERPILLAR INC COM 149123101 329 3512 SH SOLE 3512 CBOE HLDGS INC COM COM 12503M108 1136 49687 SH SOLE 49687 CENTRAL FD CDA LTD CL A COM 153501101 265 12800 SH SOLE 12800 CENTRAL GOLDTRUST F TRUST UNIT COM 153546106 23069 424450 SH SOLE 424450 CHEVRON CORPORATION COM 166764100 2282 25009 SH SOLE 25009 CINTAS CORP COM 172908105 3042 108811 SH SOLE 108811 CISCO SYSTEMS INC COM 17275R102 346 17123 SH SOLE 17123 CITIGROUP INC COM COM 172967101 129 27361 SH SOLE 27361 CME GROUP INC COM COM 12572Q105 1356 4213 SH SOLE 4213 COCA COLA COMPANY COM 191216100 7951 120888 SH SOLE 120888 COHEN & STEERS INFRASTRUCTURE COM 19248A109 189 11500 SH SOLE 11500 CONOCOPHILLIPS COM COM 20825C104 1481 21753 SH SOLE 21753 COPYTELE INC COM 217721109 2 10000 SH SOLE 10000 COSTCO WHSL CORP NEW COM 22160K105 600 8305 SH SOLE 8305 DANAHER CORP COM COM 235851102 314 6660 SH SOLE 6660 DATATRAK INTL INC COM 238134100 9 11400 SH SOLE 11400 DELL INC COM 24702R101 2888 213114 SH SOLE 213114 DISNEY WALT CO COM 254687106 269 7161 SH SOLE 7161 DOMINION RES INC VA COM COM 25746U109 418 9778 SH SOLE 9778 DOW CHEM CO COM 260543103 249 7300 SH SOLE 7300 DTE ENERGY CO COM COM 233331107 93 2050 SH SOLE 2050 DU PONT E I DE NEMOURS & COMPA COM 263534109 279 5600 SH SOLE 5600 DUKE ENERGY CORP NEW COM COM 26441C105 289 16212 SH SOLE 16212 DUN & BRADSTREET CORP DEL NEW COM 26483E100 418 5097 SH SOLE 5097 DYADIC INTERNATIONAL INC COM 26745T101 237 111321 SH SOLE 111321 EMERSON ELECTRIC CO COM 291011104 1670 29218 SH SOLE 29218 ETFS GOLD TR SH COM 26922Y105 5694 40275 SH SOLE 40275 ETFS SILVER TR SILVER SHS ETF COM 26922X107 476 15500 SH SOLE 15500 EXELON CORP COM COM 30161N101 4509 108279 SH SOLE 108279 EXXON MOBIL CORPORATION COM 30231G102 6906 94453 SH SOLE 94453 FEDEX CORP COM COM 31428X106 212 2275 SH SOLE 2275 FEMALE HEALTH CO COM COM 314462102 214 37600 SH SOLE 37600 FOCUS ENHANCEMENTS INXXX BANKR COM 344159108 0 10000 SH SOLE 10000 FREEPORT MCMORAN COPPER & GOLD COM 35671D857 342 2849 SH SOLE 2849 GABELLI EQUITY TRUST INC COM 362397101 65 11530 SH SOLE 11530 GAIAM INC CL A COM 36268Q103 1315 170770 SH SOLE 170770 GATX CORP COM 361448103 279 7900 SH SOLE 7900 GENERAL DYNAMICS CORP COM COM 369550108 334 4700 SH SOLE 4700 GENERAL ELECTRIC COMPANY COM 369604103 3896 213022 SH SOLE 213022 GOOGLE INC CLASS A COM 38259P508 258 435 SH SOLE 435 HANESBRANDS INC COM 410345102 1786 70322 SH SOLE 70322 HOME DEPOT INC COM 437076102 767 21890 SH SOLE 21890 ILLINOIS TOOL WORKS INC COM COM 452308109 390 7300 SH SOLE 7300 IMAGEMAX INC COM 45245V101 0 28500 SH SOLE 28500 INDIGENOUS GLOBAL DEV CORP COM COM 45567W109 0 13300 SH SOLE 13300 INSTEEL INDUSTRIES INC COM 45774W108 1179 94400 SH SOLE 94400 INTEL CORP COM COM 458140100 325 15450 SH SOLE 15450 INTERNATIONAL BUSINESS MACHS C COM 459200101 1020 6947 SH SOLE 6947 IPASS INC COM ISIN#US46261V108 COM 46261V108 17 14000 SH SOLE 14000 ISHARES COMEX GOLD TR ISHARES COM 464285105 2377 171000 SH SOLE 171000 ISHARES SILVER TR ISHARES COM 46428Q109 438 14500 SH SOLE 14500 ITERIS INC NEW COM COM 46564T107 19 10635 SH SOLE 10635 JOHNSON & JOHNSON COM COM 478160104 17913 289616 SH SOLE 289616 JP MORGAN CHASE & CO COM ISIN# COM 46625H100 3963 93429 SH SOLE 93429 K SEA TRANSN PARTNERS LP COM 48268Y101 6426 1324948 SH SOLE 1324948 KIMBERLY CLARK CORP COM 494368103 3938 62461 SH SOLE 62461 KRAFT FOODS INC CL A COM 50075N104 484 15345 SH SOLE 15345 MANULIFE FINANCIAL CORPF COM 56501R106 527 30698 SH SOLE 30698 MARKET VECTORS ETF TRUST GOLD COM 57060U100 355 5775 SH SOLE 5775 MEDTRONIC INC COM 585055106 591 15927 SH SOLE 15927 MERCK & CO INC NEW COM 58933Y105 7319 203081 SH SOLE 203081 MHM SVCS INC COM NEW COM 55301L202 476 325 SH SOLE 325 MICROSOFT CORP COM 594918104 1291 46228 SH SOLE 46228 MOLEX INC COM COM 608554101 1271 55925 SH SOLE 55925 NESTLE S A 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PRECISION CASTPARTS CORP COM 740189105 209 1500 SH SOLE 1500 PRIVATEBANCORP INC COM COM 742962103 149 10350 SH SOLE 10350 PROCTER & GAMBLE CO COM COM 742718109 1472 22887 SH SOLE 22887 RADIO ONE INC CLASS D CLASS D COM 75040P405 221 197754 SH SOLE 197754 RSTK BIG DAWG HLDGS INC COM 089999601 0 14286 SH SOLE 14286 S P D R S&P 500 ETF TR EXPIRIN COM 78462F103 331 2630 SH SOLE 2630 SANFILIPPO JOHN B & SON COM 800422107 18777 1509398 SH SOLE 1509398 SCHLUMBERGER LTD COM ISIN#AN80 COM 806857108 359 4297 SH SOLE 4297 SEALED AIR CORP NEW COM 81211K100 13194 518409 SH SOLE 518409 SHELLCASE LIMITED F COM m82775103 0 23500 SH SOLE 23500 SPDR GOLD TRUST SPDR GOLD SHAR COM 78463V107 11491 82836 SH SOLE 82836 SPECTRA ENERGY CORP COM COM 847560109 241 9651 SH SOLE 9651 SPEIZMAN INDUSTRIES IXXX REGIS COM 847805108 0 35400 SH SOLE 35400 SPROTT PHYS GLD TR ETN F COM 85207H104 6652 538880 SH SOLE 538880 SPROTT PHYS SIL TR ETF F SPROT COM 85207K107 10877 773050 SH SOLE 773050 STARBUCKS CORP COM 855244109 203 6325 SH SOLE 6325 SUNCOR ENERGY INC NEW F COM 867224107 282 7360 SH SOLE 7360 SUPERVALU INC COM 868536103 160 16626 SH SOLE 16626 TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 472 9059 SH SOLE 9059 UNION PACIFIC CORP COM COM 907818108 353 3806 SH SOLE 3806 UNITED TECHNOLOGIES CORP COM 913017109 435 5527 SH SOLE 5527 VANGUARD EMERGING MARKET COM 922042858 1597 33168 SH SOLE 33168 VERIZON COMMUNICATIONS COM 92343V104 741 20709 SH SOLE 20709 WAL-MART STORES INC COM 931142103 14933 276897 SH SOLE 276897 WALGREEN CO COM 931422109 1247 32000 SH SOLE 32000 WASHINGTON POST CO CL B COM 939640108 2285 5198 SH SOLE 5198 WELLS FARGO & CO NEW COM COM 949746101 298 9603 SH SOLE 9603 WILLIS GROUP HLDGS PUBLIC LTD COM G96666105 16392 473335 SH SOLE 473335 WINTRUST FINL CORP COM COM 97650W108 268 8100 SH SOLE 8100 ZEBRA TECHNOLOGIES CL A COM 989207105 2635 69350 SH SOLE 69350 COMPANHIA DE BEBIDAS DAS AMERS ADR 20441W203 326 10500 SH SOLE 10500 GLAXOSMITHKLINE PLC SPONS ADR ADR 37733W105 246 6285 SH SOLE 6285 NOVARTIS A G SPON ADR F SPONSO ADR 66987V109 15132 256698 SH SOLE 256698 ROYAL DUTCH SHELL PLC SPONSORE ADR 780259206 726 10875 SH SOLE 10875 ALLIANCEBERNSTEIN HLDG UNIT LT LTD 01881G106 4477 191884 SH SOLE 191884 ENTERPRISE PRODS PARTNERS L P LTD 293792107 263 6315 SH SOLE 6315 *PIMCO COMMODITY REAL RETURN S 722005667 146 15666.648SH SOLE 15666.648 HEARTLAND VALUE PLUS FUND 422352500 239 8013.524 SH SOLE 8013.524 SELECTED AMERICAN SHARES CLASS 816221105 168 4047.881 SH SOLE 4047.881 T ROWE PRICE EMERGING MARKETS 77956H864 225 6391.693 SH SOLE 6391.693 VANGUARD 500 INDEX FUND INVEST 922908108 222 1921.035 SH SOLE 1921.035