The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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 MANAGER SOLE SHARED NONE
3M Company COM 88579Y101 1,017 7,254 SH   SOLE   0 0 7,254
A T & T Corp New COM 00206R102 1,543 43,891 SH   SOLE   0 0 43,891
Abbott Laboratories COM 002824100 14,045 366,436 SH   SOLE   0 0 366,436
AbbVie Inc. COM 00287Y109 13,277 251,416 SH   SOLE   0 0 251,416
Accenture PLC Cl A COM G1151C101 1,847 22,464 SH   SOLE   0 0 22,464
Ace Limited COM H0023R105 11,043 106,667 SH   SOLE   0 0 106,667
Adobe Systems COM 00724F101 1,589 26,545 SH   SOLE   0 0 26,545
Affiliated Managers COM 008252108 683 3,150 SH   SOLE   0 0 3,150
Air Products & Chemicals Inc COM 009158106 396 3,540 SH   SOLE   0 0 3,540
Akamai Tech COM 00971T101 1,141 24,181 SH   SOLE   0 0 24,181
Albemarle Corp COM 012653101 791 12,480 SH   SOLE   0 0 12,480
Alexandria Real Estate Equitie COM 015271109 226 3,545 SH   SOLE   0 0 3,545
Allegheny Tech COM 01741R102 238 6,689 SH   SOLE   0 0 6,689
Alliance Data Systems COM 018581108 689 2,620 SH   SOLE   0 0 2,620
Allstate Corp COM 020002101 344 6,301 SH   SOLE   0 0 6,301
Alstom SA COM 021244207 53 14,463 SH   SOLE   0 0 14,463
Altria Group Inc. COM 02209S103 382 9,946 SH   SOLE   0 0 9,946
America Movil SA de CV ADR Ser COM 02364W105 1,514 64,800 SH   SOLE   0 0 64,800
American Campus Communities COM 024835100 217 6,745 SH   SOLE   0 0 6,745
American Eagle Outfitters Inc. COM 02553E106 173 12,002 SH   SOLE   0 0 12,002
American Express COM 025816109 226 2,487 SH   SOLE   0 0 2,487
American International Group COM 026874784 211 4,135 SH   SOLE   0 0 4,135
American Tower COM 03027X100 1,474 18,470 SH   SOLE   0 0 18,470
Ameriprise Financial Inc COM 03076C106 353 3,066 SH   SOLE   0 0 3,066
Amerisource Bergen Corp. COM 03073E105 252 3,591 SH   SOLE   0 0 3,591
Ametek Inc COM 031100100 1,351 25,647 SH   SOLE   0 0 25,647
Amgen Inc COM 031162100 461 4,042 SH   SOLE   0 0 4,042
Amphenol Corp COM 032095101 444 4,975 SH   SOLE   0 0 4,975
Anadarko Pete Co. COM 032511107 222 2,805 SH   SOLE   0 0 2,805
Annaly Capital Management Inc COM 035710409 3,210 321,930 SH   SOLE   0 0 321,930
Ansys Inc COM 03662Q105 856 9,819 SH   SOLE   0 0 9,819
Apache Corporation COM 037411105 759 8,836 SH   SOLE   0 0 8,836
Apple Inc COM 037833100 11,424 20,363 SH   SOLE   0 0 20,363
Applied Industrial Technologie COM 03820C105 1,501 30,573 SH   SOLE   0 0 30,573
AptarGroup Inc COM 038336103 217 3,200 SH   SOLE   0 0 3,200
Archer Daniels Midland Co. COM 039483102 14,341 330,435 SH   SOLE   0 0 330,435
Autodesk COM 052769106 252 5,000 SH   SOLE   0 0 5,000
Avalon Rare Metals Inc COM 053470100 237 430,900 SH   SOLE   0 0 430,900
Baidu ADR COM 056752108 3,270 18,385 SH   SOLE   0 0 18,385
Bank Mutual Corp COM 063750103 355 50,621 SH   SOLE   0 0 50,621
Bank of America Corp COM 060505104 465 29,866 SH   SOLE   0 0 29,866
Baxter International COM 071813109 1,011 14,540 SH   SOLE   0 0 14,540
Berkshire Hathaway COM 084670108 356 2 SH   SOLE   0 0 2
Berkshire Hathaway Class B COM 084670702 1,008 8,506 SH   SOLE   0 0 8,506
BHP Billiton Limited COM 088606108 234 3,431 SH   SOLE   0 0 3,431
BNP Paribas ADR COM 05565A202 305 7,811 SH   SOLE   0 0 7,811
Boeing Company COM 097023105 11,441 83,825 SH   SOLE   0 0 83,825
BP Amoco PLC ADR COM 055622104 256 5,259 SH   SOLE   0 0 5,259
Bristol-Myers Squibb COM 110122108 937 17,637 SH   SOLE   0 0 17,637
Buckle Inc COM 118440106 473 8,995 SH   SOLE   0 0 8,995
Cablevision New Cl A COM 12686C109 286 15,954 SH   SOLE   0 0 15,954
Cadence Design Systems COM 127387108 242 17,248 SH   SOLE   0 0 17,248
Cadomin Capital Corporation COM 127608107 0 20,000 SH   SOLE   0 0 20,000
Camden Property Trust COM 133131102 333 5,855 SH   SOLE   0 0 5,855
Cameron International COM 13342B105 3,949 66,344 SH   SOLE   0 0 66,344
Capital One Financial COM 14040H105 208 2,715 SH   SOLE   0 0 2,715
CareFusion Corp COM 14170T101 303 7,614 SH   SOLE   0 0 7,614
Carter's Inc COM 146229109 484 6,740 SH   SOLE   0 0 6,740
Celgene Corp. COM 151020104 521 3,082 SH   SOLE   0 0 3,082
Charles River Laboratories Int COM 159864107 213 4,021 SH   SOLE   0 0 4,021
Charles Schwab COM 808513105 575 22,122 SH   SOLE   0 0 22,122
Chart Industries COM 16115Q308 1,193 12,478 SH   SOLE   0 0 12,478
Chesapeake Energy Corp. COM 165167107 5,149 189,732 SH   SOLE   0 0 189,732
Chevron Corporation COM 166764100 13,233 105,937 SH   SOLE   0 0 105,937
Chimera Investments COM 16934Q109 31 10,000 SH   SOLE   0 0 10,000
China Mobile ADR COM 16941M109 11,872 227,049 SH   SOLE   0 0 227,049
Chubb Corporation COM 171232101 12,657 130,980 SH   SOLE   0 0 130,980
Church & Dwight Co COM 171340102 628 9,470 SH   SOLE   0 0 9,470
Cintas Inc. COM 172908105 813 13,648 SH   SOLE   0 0 13,648
Cisco Systems COM 17275R102 698 31,106 SH   SOLE   0 0 31,106
CIT Group COM 125581801 228 4,370 SH   SOLE   0 0 4,370
Citrix Systems Inc COM 177376100 3,091 48,876 SH   SOLE   0 0 48,876
Clean Harbors Inc COM 184496107 228 3,801 SH   SOLE   0 0 3,801
Coach Inc. COM 189754104 348 6,208 SH   SOLE   0 0 6,208
Coca-Cola Co. COM 191216100 2,632 63,705 SH   SOLE   0 0 63,705
Cognizant Technology Solutions COM 192446102 2,408 23,844 SH   SOLE   0 0 23,844
Colgate Palmolive COM 194162103 1,368 20,972 SH   SOLE   0 0 20,972
Comcast Corp Class A Special COM 20030N200 1,460 29,278 SH   SOLE   0 0 29,278
Comcast Corp. Cl A COM 20030N101 1,753 33,736 SH   SOLE   0 0 33,736
Companhia de Saneamento Basico COM 20441A102 170 15,000 SH   SOLE   0 0 15,000
Compania de Minas Buenaventura COM 204448104 1,329 118,436 SH   SOLE   0 0 118,436
ConocoPhillips COM 20825C104 1,831 25,922 SH   SOLE   0 0 25,922
Consolidated Edison Co of NY COM 209115104 207 3,742 SH   SOLE   0 0 3,742
Cooper Companies COM 216648402 707 5,706 SH   SOLE   0 0 5,706
Core Laboratories N.V. COM N22717107 1,144 5,991 SH   SOLE   0 0 5,991
Corning, Inc. COM 219350105 335 18,800 SH   SOLE   0 0 18,800
Costco Wholesale Corp COM 22160K105 2,047 17,203 SH   SOLE   0 0 17,203
Covance Inc COM 222816100 404 4,589 SH   SOLE   0 0 4,589
Covidien PLC COM G2554F113 10,419 152,993 SH   SOLE   0 0 152,993
Credit Agricole SA COM 225313105 94 14,641 SH   SOLE   0 0 14,641
CVS/Caremark Corp. COM 126650100 3,025 42,273 SH   SOLE   0 0 42,273
D R Horton Inc COM 23331A109 1,667 74,694 SH   SOLE   0 0 74,694
Danaher Corp. COM 235851102 1,628 21,089 SH   SOLE   0 0 21,089
Darling International COM 237266101 239 11,430 SH   SOLE   0 0 11,430
DaVita Healthcare Partners Inc COM 23918K108 387 6,110 SH   SOLE   0 0 6,110
Deere & Co COM 244199105 1,213 13,278 SH   SOLE   0 0 13,278
Dentsplay International COM 249030107 211 4,350 SH   SOLE   0 0 4,350
Diageo PLC ADR COM 25243Q205 10,764 81,285 SH   SOLE   0 0 81,285
Diebold Inc. COM 253651103 204 6,176 SH   SOLE   0 0 6,176
DirectTV Group Inc COM 25490A309 1,511 21,885 SH   SOLE   0 0 21,885
Discover Financial COM 254709108 695 12,417 SH   SOLE   0 0 12,417
Discovery Communications COM 25470F104 473 5,232 SH   SOLE   0 0 5,232
Disney, Walt Co. COM 254687106 285 3,735 SH   SOLE   0 0 3,735
DNB Financial Corp COM 233237106 384 18,510 SH   SOLE   0 0 18,510
Donaldson Co, Inc. COM 257651109 528 12,145 SH   SOLE   0 0 12,145
Dover Corp. COM 260003108 232 2,398 SH   SOLE   0 0 2,398
Dow Chemical COM 260543103 879 19,789 SH   SOLE   0 0 19,789
Du Pont (EI) de Nemours COM 263534109 1,194 18,371 SH   SOLE   0 0 18,371
E M C Corporation COM 268648102 6,449 256,431 SH   SOLE   0 0 256,431
Eaton Corporation COM G29183103 1,227 16,123 SH   SOLE   0 0 16,123
Ebay COM 278642103 3,088 56,277 SH   SOLE   0 0 56,277
Ecolabs Inc. COM 278865100 436 4,178 SH   SOLE   0 0 4,178
Emerson Electric COM 291011104 245 3,495 SH   SOLE   0 0 3,495
Empire Industries Ltd COM 291738102 5 62,700 SH   SOLE   0 0 62,700
Endurance Specialty Holdings L COM G30397106 202 3,446 SH   SOLE   0 0 3,446
Enerplus Corp COM 292766102 218 12,004 SH   SOLE   0 0 12,004
EQT Corp COM 26884L109 345 3,842 SH   SOLE   0 0 3,842
Equifax Inc. COM 294429105 757 10,960 SH   SOLE   0 0 10,960
Ericsson LM Tel Co. ADR Cl B COM 294821608 142 11,608 SH   SOLE   0 0 11,608
Estee Lauder COM 518439104 556 7,385 SH   SOLE   0 0 7,385
Express Scripts Holding Co. COM 30219G108 4,458 63,466 SH   SOLE   0 0 63,466
Exxon Mobil Corp COM 30231G102 6,384 63,078 SH   SOLE   0 0 63,078
F.N.B. Corp COM 302520101 1,032 81,736 SH   SOLE   0 0 81,736
Facebook COM 30303M102 441 8,062 SH   SOLE   0 0 8,062
Fedex COM 31428X106 249 1,733 SH   SOLE   0 0 1,733
FEI Company COM 30241L109 696 7,785 SH   SOLE   0 0 7,785
Fidelity National Information COM 31620M106 256 4,764 SH   SOLE   0 0 4,764
Fifth Third Bancorp. COM 316773100 332 15,768 SH   SOLE   0 0 15,768
First NBC Bank Holding Company COM 32115D106 6,787 210,119 SH   SOLE   0 0 210,119
First Solar Inc COM 336433107 1,093 20,011 SH   SOLE   0 0 20,011
Fluor Corp. COM 343412102 959 11,939 SH   SOLE   0 0 11,939
FMC Corp COM 302491303 742 9,834 SH   SOLE   0 0 9,834
FMC Technologies Inc. COM 30249U101 698 13,363 SH   SOLE   0 0 13,363
Ford Motor Company COM 345370860 1,260 81,664 SH   SOLE   0 0 81,664
Fossil Group, Inc. COM 34988V106 316 2,633 SH   SOLE   0 0 2,633
Freeport McMoRan Copper & Gold COM 35671D857 1,073 28,419 SH   SOLE   0 0 28,419
General Dynamics COM 369550108 431 4,513 SH   SOLE   0 0 4,513
General Electric Company COM 369604103 17,745 633,065 SH   SOLE   0 0 633,065
General Growth Properties Inc COM 370023103 305 15,188 SH   SOLE   0 0 15,188
General Mills Inc COM 370334104 216 4,323 SH   SOLE   0 0 4,323
Genpact Ltd COM G3922B107 272 14,787 SH   SOLE   0 0 14,787
Gentex Corp COM 371901109 209 6,335 SH   SOLE   0 0 6,335
Gilead Sciences Inc COM 375558103 479 6,372 SH   SOLE   0 0 6,372
GlaxoSmithKline PLC COM 37733W105 11,693 219,005 SH   SOLE   0 0 219,005
Glencore International PLC COM G39420107 1,035 199,776 SH   SOLE   0 0 199,776
GNC Holdings COM 36191G107 543 9,286 SH   SOLE   0 0 9,286
Golar LNG Limited COM G9456A100 9,202 253,578 SH   SOLE   0 0 253,578
Google Inc COM 38259P508 8,889 7,932 SH   SOLE   0 0 7,932
Grand Central Silver Mines COM 384906202 0 17,000 SH   SOLE   0 0 17,000
Great Plains Energy Inc. COM 391164100 307 12,670 SH   SOLE   0 0 12,670
Grupo Financiero Banorte S.A.B COM P49501201 628 90,000 SH   SOLE   0 0 90,000
Hain Celestial Group COM 405217100 732 8,065 SH   SOLE   0 0 8,065
Halliburton Company COM 406216101 238 4,690 SH   SOLE   0 0 4,690
Hammond Power Solutions Inc. COM 408549103 106 16,100 SH   SOLE   0 0 16,100
Harley Davidson Inc. COM 412822108 1,270 18,345 SH   SOLE   0 0 18,345
Hartford Financial Services Gr COM 416515104 516 14,234 SH   SOLE   0 0 14,234
Healthwatch Inc COM 422214809 0 10,000 SH   SOLE   0 0 10,000
Henry Jack and Associates Inc COM 426281101 716 12,088 SH   SOLE   0 0 12,088
Henry Schein COM 806407102 624 5,465 SH   SOLE   0 0 5,465
Hercules Offshore COM 427093109 130 20,000 SH   SOLE   0 0 20,000
Heritage Commerce Corp COM 426927109 360 43,716 SH   SOLE   0 0 43,716
Hexcel Corp COM 428291108 722 16,145 SH   SOLE   0 0 16,145
Home Depot, Inc. COM 437076102 10,890 132,252 SH   SOLE   0 0 132,252
Honeywell International, Inc. COM 438516106 11,497 125,825 SH   SOLE   0 0 125,825
Host Hotels and Resorts COM 44107P104 213 10,965 SH   SOLE   0 0 10,965
Hubbell Inc. Class B COM 443510201 579 5,320 SH   SOLE   0 0 5,320
Huntington Bancshares COM 446150104 120 12,400 SH   SOLE   0 0 12,400
Icahn Enterprises COM 451100101 361 3,300 SH   SOLE   0 0 3,300
IDEXX Laboratories COM 45168D104 499 4,695 SH   SOLE   0 0 4,695
Illinois Tool Works COM 452308109 278 3,303 SH   SOLE   0 0 3,303
Imperial Metals Corp. COM 452892102 451 30,000 SH   SOLE   0 0 30,000
Informatica Corp COM 45666Q102 885 21,337 SH   SOLE   0 0 21,337
ING Groep NV ADS COM 456837103 191 13,642 SH   SOLE   0 0 13,642
Ingredion Inc COM 457187102 609 8,892 SH   SOLE   0 0 8,892
Int'l Business Machines Corp. COM 459200101 12,095 64,482 SH   SOLE   0 0 64,482
Intel Corp COM 458140100 510 19,638 SH   SOLE   0 0 19,638
Intercontinental Exchange Grou COM 45866f104 268 1,192 SH   SOLE   0 0 1,192
International Power Group Ltd COM 46018A100 0 20,000 SH   SOLE   0 0 20,000
Intuitive Surgical Inc COM 46120E602 499 1,298 SH   SOLE   0 0 1,298
J B Hunt Transport Services In COM 445658107 582 7,525 SH   SOLE   0 0 7,525
Jacobs Engineering COM 469814107 445 7,069 SH   SOLE   0 0 7,069
Jarden Corp COM 471109108 715 11,653 SH   SOLE   0 0 11,653
Johnson & Johnson COM 478160104 15,625 170,595 SH   SOLE   0 0 170,595
Johnson Controls Inc COM 478366107 210 4,090 SH   SOLE   0 0 4,090
JPMorgan Chase & Co. COM 46625H100 16,663 284,939 SH   SOLE   0 0 284,939
KeyCorp COM 493267108 460 34,295 SH   SOLE   0 0 34,295
Kimberly-Clark COM 494368103 329 3,154 SH   SOLE   0 0 3,154
Kinder Morgan, Inc. COM 49456B101 10,655 295,960 SH   SOLE   0 0 295,960
Kingfisher ADR COM 495724403 162 12,691 SH   SOLE   0 0 12,691
Kroger Co COM 501044101 380 9,613 SH   SOLE   0 0 9,613
L-3 Communications COM 502424104 214 2,000 SH   SOLE   0 0 2,000
Lazard Ltd. COM G54050102 12,016 265,133 SH   SOLE   0 0 265,133
Lennar Corp COM 526057104 1,794 45,357 SH   SOLE   0 0 45,357
Liberty Global PLC Cl A COM G5480U104 815 9,155 SH   SOLE   0 0 9,155
Liberty Global PLC Cl C COM G5480U120 461 5,472 SH   SOLE   0 0 5,472
Liberty Media Holding Corp. Ca COM 531229102 1,312 8,970 SH   SOLE   0 0 8,970
Life Technologies Corp COM 53217V109 639 8,424 SH   SOLE   0 0 8,424
LifeLock, Inc COM 53224V100 1,767 107,672 SH   SOLE   0 0 107,672
Lilly, Eli Co COM 532457108 288 5,638 SH   SOLE   0 0 5,638
Lloyds TSB Group PLC COM 539439109 144 27,099 SH   SOLE   0 0 27,099
LNB Bancorp Inc. COM 502100100 100 10,000 SH   SOLE   0 0 10,000
Lockheed Martin COM 539830109 249 1,675 SH   SOLE   0 0 1,675
Loews Corp COM 540424108 212 4,393 SH   SOLE   0 0 4,393
LSB Industries Inc. COM 502160104 410 10,000 SH   SOLE   0 0 10,000
Mattel, Inc. COM 577081102 424 8,905 SH   SOLE   0 0 8,905
McDermott Intl COM 580037109 121 13,195 SH   SOLE   0 0 13,195
McDonalds Corp COM 580135101 852 8,778 SH   SOLE   0 0 8,778
McKesson HBOC Corp. COM 58155Q103 915 5,671 SH   SOLE   0 0 5,671
Mead Johnson Nutrition COM 582839106 505 6,029 SH   SOLE   0 0 6,029
Medtronic Inc. COM 585055106 10,992 191,532 SH   SOLE   0 0 191,532
Mellanox Technologies Ltd COM M51363113 1,966 49,182 SH   SOLE   0 0 49,182
Merck & Co COM 58933Y105 738 14,753 SH   SOLE   0 0 14,753
Metlife Inc. COM 59156R108 2,869 53,211 SH   SOLE   0 0 53,211
Micro Systems Inc COM 594901100 549 9,570 SH   SOLE   0 0 9,570
Microchip Technology COM 595017104 244 5,459 SH   SOLE   0 0 5,459
Microsoft Corporation COM 594918104 1,591 42,540 SH   SOLE   0 0 42,540
Modelez Intl Inc Com COM 609207105 356 10,074 SH   SOLE   0 0 10,074
Molson Coors Brewing Co COM 60871R209 338 6,011 SH   SOLE   0 0 6,011
Monsanto Co. COM 61166W101 635 5,450 SH   SOLE   0 0 5,450
Mylan Laboratories Inc. COM 628530107 658 15,160 SH   SOLE   0 0 15,160
Nabors Industries COM G6359F103 588 34,621 SH   SOLE   0 0 34,621
National Instruments Corp COM 636518102 256 7,983 SH   SOLE   0 0 7,983
National Oilwell Varco Inc COM 637071101 3,570 44,888 SH   SOLE   0 0 44,888
Nestle SA (REG) ADR COM 641069406 699 9,526 SH   SOLE   0 0 9,526
Netapp Inc COM 64110D104 344 8,357 SH   SOLE   0 0 8,357
Newell Rubbermaid Company COM 651229106 211 6,514 SH   SOLE   0 0 6,514
Newmont Mining COM 651639106 288 12,508 SH   SOLE   0 0 12,508
NextEra Energy (formerly FPL) COM 65339F101 626 7,313 SH   SOLE   0 0 7,313
Nice Systems ADR COM 653656108 545 13,316 SH   SOLE   0 0 13,316
Nicor Incorporated COM 001204106 207 4,373 SH   SOLE   0 0 4,373
Nike Inc. COM 654106103 1,911 24,298 SH   SOLE   0 0 24,298
Norfolk Southern COM 655844108 485 5,221 SH   SOLE   0 0 5,221
Nucor Corporation COM 670346105 407 7,621 SH   SOLE   0 0 7,621
Nvidia Corp. COM 67066G104 481 30,053 SH   SOLE   0 0 30,053
O'Reilly Automotive Inc COM 67103H107 615 4,775 SH   SOLE   0 0 4,775
Occidental Petroleum COM 674599105 3,057 32,143 SH   SOLE   0 0 32,143
Oceaneering International Inc COM 675232102 588 7,450 SH   SOLE   0 0 7,450
Omnicom Group COM 681919106 1,254 16,868 SH   SOLE   0 0 16,868
Oracle Corp COM 68389X105 2,688 70,259 SH   SOLE   0 0 70,259
Owens-Illinois Inc COM 690768403 340 9,504 SH   SOLE   0 0 9,504
Palo Alto Networks Inc. COM 697435105 3,961 68,929 SH   SOLE   0 0 68,929
Parker-Hannifin COM 701094104 1,263 9,818 SH   SOLE   0 0 9,818
PartnerRe Ltd COM G6852T105 212 2,009 SH   SOLE   0 0 2,009
Patterson Companies Inc. COM 703395103 253 6,139 SH   SOLE   0 0 6,139
PepsiCo, Inc. COM 713448108 2,984 35,975 SH   SOLE   0 0 35,975
PetroQuest Energy COM 716748108 87 20,068 SH   SOLE   0 0 20,068
Petsmart Inc COM 716768106 610 8,391 SH   SOLE   0 0 8,391
Pfizer Inc COM 717081103 2,119 69,188 SH   SOLE   0 0 69,188
Philip Morris Int'l COM 718172109 3,397 38,985 SH   SOLE   0 0 38,985
Phillips 66 COM 718546104 525 6,802 SH   SOLE   0 0 6,802
Pioneer Natural Resources COM 723787107 213 1,158 SH   SOLE   0 0 1,158
Portfolio Recovery Associates COM 73640Q105 616 11,649 SH   SOLE   0 0 11,649
Portland General Electric Co COM 736508847 230 7,630 SH   SOLE   0 0 7,630
Potash Corp COM 73755L107 658 19,949 SH   SOLE   0 0 19,949
PPG Industries COM 693506107 360 1,900 SH   SOLE   0 0 1,900
Preferred Bank COM 740367404 327 16,297 SH   SOLE   0 0 16,297
Priceline.com Inc. COM 741503403 699 601 SH   SOLE   0 0 601
Procera Networks Inc COM 74269U203 198 13,165 SH   SOLE   0 0 13,165
Procter & Gamble COM 742718109 2,287 28,088 SH   SOLE   0 0 28,088
Progressive Corp COM 743315103 370 13,560 SH   SOLE   0 0 13,560
PulteGroup Inc COM 745867101 2,317 113,766 SH   SOLE   0 0 113,766
Qualcomm Incorporated COM 747525103 18,443 248,392 SH   SOLE   0 0 248,392
Quanta Services Inc. COM 74762E102 2,409 76,339 SH   SOLE   0 0 76,339
Quest Diagnostics Inc COM 74834L100 261 4,866 SH   SOLE   0 0 4,866
Range Resources Corp. COM 75281A109 235 2,790 SH   SOLE   0 0 2,790
Raymond James Financial COM 754730109 540 10,345 SH   SOLE   0 0 10,345
Raytheon Company COM 755111507 339 3,735 SH   SOLE   0 0 3,735
RDM Corp COM 748934106 566 310,000 SH   SOLE   0 0 310,000
Regal-Beloit Corp COM 758750103 214 2,898 SH   SOLE   0 0 2,898
Reinsurance Group of America I COM 759351604 264 3,408 SH   SOLE   0 0 3,408
Roche Holding Adr COM 771195104 218 3,106 SH   SOLE   0 0 3,106
Roper Industries COM 776696106 2,055 14,820 SH   SOLE   0 0 14,820
Ross Stores Inc COM 778296103 522 6,960 SH   SOLE   0 0 6,960
Royal D S M NV ADR COM 780249108 197 10,000 SH   SOLE   0 0 10,000
Royal Dutch Shell Plc Spon ADR COM 780259107 210 2,790 SH   SOLE   0 0 2,790
Royal Dutch Shell Plc Spon ADR COM 780259206 11,059 155,164 SH   SOLE   0 0 155,164
Salesforce.com COM 79466L302 469 8,490 SH   SOLE   0 0 8,490
Sally Beauty Holding COM 79546E104 231 7,637 SH   SOLE   0 0 7,637
SCB Bancorp Inc CMT Shs COM 78388h100 773 3,091 SH   SOLE   0 0 3,091
Schlumberger Limited COM 806857108 12,166 135,009 SH   SOLE   0 0 135,009
Sherwin Williams Company COM 824348106 3,288 17,920 SH   SOLE   0 0 17,920
Sigma-Aldrich Corp. COM 826552101 725 7,710 SH   SOLE   0 0 7,710
Signature Bank NY COM 82669G104 738 6,870 SH   SOLE   0 0 6,870
Silver Wheaton Corp COM 828336107 1,679 83,176 SH   SOLE   0 0 83,176
Skyworks Solutions Inc. COM 83088M102 488 17,075 SH   SOLE   0 0 17,075
Smith AO Corp COM 831865209 675 12,510 SH   SOLE   0 0 12,510
Southern Company COM 842587107 431 10,473 SH   SOLE   0 0 10,473
Spectra Energy COM 847560109 325 9,131 SH   SOLE   0 0 9,131
Spirit Aerosystems COM 848574109 239 7,000 SH   SOLE   0 0 7,000
Stanley Black & Decker COM 854502101 338 4,184 SH   SOLE   0 0 4,184
Starbucks Corp COM 855244109 819 10,446 SH   SOLE   0 0 10,446
Starz Liberty Cap Com Ser A COM 85571Q102 255 8,710 SH   SOLE   0 0 8,710
State Street Corp. COM 857477103 2,174 29,617 SH   SOLE   0 0 29,617
Stericycle Inc COM 858912108 434 3,737 SH   SOLE   0 0 3,737
Stryker Corp. COM 863667101 485 6,450 SH   SOLE   0 0 6,450
SunTrust Banks COM 867914103 307 8,331 SH   SOLE   0 0 8,331
Symantec Corporation COM 871503108 251 10,656 SH   SOLE   0 0 10,656
Synopsys Inc COM 871607107 260 6,407 SH   SOLE   0 0 6,407
Sysco Corp COM 871829107 225 6,237 SH   SOLE   0 0 6,237
T. Rowe Price Associates Inc COM 74144T108 1,707 20,375 SH   SOLE   0 0 20,375
Target COM 87612E106 1,121 17,722 SH   SOLE   0 0 17,722
Teva Pharmaceutical Inds COM 881624209 822 20,511 SH   SOLE   0 0 20,511
Texas Roadhouse COM 882681109 654 23,525 SH   SOLE   0 0 23,525
The Wendy's Company COM 95058W100 154 17,700 SH   SOLE   0 0 17,700
Thermo Fisher Scientific Inc COM 883556102 238 2,139 SH   SOLE   0 0 2,139
Tibco Software Inc. COM 88632Q103 478 21,270 SH   SOLE   0 0 21,270
Time Warner Cable COM 88732J207 1,694 12,505 SH   SOLE   0 0 12,505
Time Warner Inc COM 887317303 1,600 22,948 SH   SOLE   0 0 22,948
TNT Express NV ADR COM 87262N109 140 15,085 SH   SOLE   0 0 15,085
Travelers Companies Inc COM 89417E109 782 8,634 SH   SOLE   0 0 8,634
U S Bancorp new COM 902973304 248 6,141 SH   SOLE   0 0 6,141
UDR Inc COM 902653104 202 8,646 SH   SOLE   0 0 8,646
Union Pacific Corp COM 907818108 545 3,246 SH   SOLE   0 0 3,246
United Technologies COM 913017109 1,736 15,254 SH   SOLE   0 0 15,254
United Therapeutics COM 91307C102 850 7,515 SH   SOLE   0 0 7,515
UnitedHealth Group Inc COM 91324P102 3,927 52,145 SH   SOLE   0 0 52,145
Vaalco Energy COM 91851C201 138 20,000 SH   SOLE   0 0 20,000
Verizon Communications COM 92343V104 2,040 41,506 SH   SOLE   0 0 41,506
Viacom, Inc. COM 92553P201 453 5,183 SH   SOLE   0 0 5,183
Visa Inc Cl A COM 92826C839 2,999 13,467 SH   SOLE   0 0 13,467
Vodafone Group PLC COM 92857W209 16,129 410,310 SH   SOLE   0 0 410,310
Vulcan Materials COM 929160109 336 5,655 SH   SOLE   0 0 5,655
W. W. Grainger Inc COM 384802104 567 2,220 SH   SOLE   0 0 2,220
Wabtec COM 929740108 731 9,840 SH   SOLE   0 0 9,840
Wal-Mart Stores Inc COM 931142103 307 3,898 SH   SOLE   0 0 3,898
Walgreen Co. COM 931422109 10,606 184,649 SH   SOLE   0 0 184,649
Walter Investment Management C COM 93317W102 3,450 97,582 SH   SOLE   0 0 97,582
Watsco COM 942622200 221 2,300 SH   SOLE   0 0 2,300
Weatherford Int'l Inc COM H27013103 547 35,289 SH   SOLE   0 0 35,289
WellPoint Inc. COM 94973V107 237 2,560 SH   SOLE   0 0 2,560
Wells Fargo & Company COM 949746101 14,640 322,474 SH   SOLE   0 0 322,474
Whirlpool Corp. COM 963320106 9,429 60,113 SH   SOLE   0 0 60,113
Whole Foods Market Inc COM 966837106 448 7,742 SH   SOLE   0 0 7,742
Williams-Sonoma COM 969904101 532 9,130 SH   SOLE   0 0 9,130
Williams Companies, Inc. COM 969457100 12,272 318,167 SH   SOLE   0 0 318,167
Willis Group Holdings COM G96666105 205 4,573 SH   SOLE   0 0 4,573
Wolverine World Wide COM 978097103 654 19,260 SH   SOLE   0 0 19,260
Xcel Energy Inc. COM 98389B100 232 8,298 SH   SOLE   0 0 8,298
Xylem Inc COM 98419M100 250 7,217 SH   SOLE   0 0 7,217
Yadkin Financial Corp COM 984305102 386 22,643 SH   SOLE   0 0 22,643
Yum! Brands Inc. COM 988498101 1,569 20,755 SH   SOLE   0 0 20,755
Zions Bancorp COM 989701107 223 7,439 SH   SOLE   0 0 7,439
Alpine International Real Esta REUS 020940409 229 9,890 SH   SOLE   0 0 9,890
Cedar Realty Trust Inc REUS 150602209 69 11,013 SH   SOLE   0 0 11,013
Heathcare Tr America Inc Cl A REUS 42225P105 385 39,118 SH   SOLE   0 0 39,118
iShs Dow Jones US Real Est Ind REUS 464287739 1,794 28,444 SH   SOLE   0 0 28,444
Northern Funds Global Real Est REUS 665162541 113 12,487 SH   SOLE   0 0 12,487
NorthStar Realty Finance Corp REUS 66704R100 18,072 1,343,657 SH   SOLE   0 0 1,343,657
Vanguard REIT Viper Index Seri REUS 922908553 381 5,906 SH   SOLE   0 0 5,906
Kinder Morgan Wt Exp 2/15/17 WT 49456b119 1,180 290,677 SH   SOLE   0 0 290,677
Barclays EEM Note due 9-22-14 SEUS 06741tgm3 4,642 4,450,000 SH   SOLE   0 0 4,450,000
Barclays S&P 500 Note due 06-0 SEUS 06741t2h9 13,162 13,050,000 SH   SOLE   0 0 13,050,000
Barclays S&P 500 Note due 1-16 SEUS 06741tkn6 6,692 5,750,000 SH   SOLE   0 0 5,750,000
Credit Suisse EEM Note due 05- SEUS 22547w3c5 13,364 13,305,000 SH   SOLE   0 0 13,305,000
Credit Suisse Note due 10-27-1 SEUS 22546td81 55 50,000 SH   SOLE   0 0 50,000
Credit Suisse XLE note due 9-2 SEUS 22546tzn4 4,465 3,915,000 SH   SOLE   0 0 3,915,000
CS Euro Stoxx 50 due 9-29-14 SEUS 22546tzs3 4,340 3,450,000 SH   SOLE   0 0 3,450,000
GS EAFE Note due 06-03-16 SEUS 38147qw69 12,360 12,370,000 SH   SOLE   0 0 12,370,000
GS Euro 50 Note due 11-18-14 SEUS 38141gja3 7,118 5,800,000 SH   SOLE   0 0 5,800,000
GS Russell 2000 Note due 11-17 SEUS 38141gts3 5,885 5,102,000 SH   SOLE   0 0 5,102,000
MS EEM Note due 03-13-17 SEUS 61761jll1 2,845 2,740,000 SH   SOLE   0 0 2,740,000
Access Midstream Partners LP COM 00434L109 14,687 259,571 SH   SOLE   0 0 259,571
Boardwalk Pipeline LP COM 096627104 2,075 81,322 SH   SOLE   0 0 81,322
DCP Midstream Ptnrs COM 23311P100 5,467 108,584 SH   SOLE   0 0 108,584
El Paso Pipeline COM 283702108 3,368 93,553 SH   SOLE   0 0 93,553
Enbridge Energy COM 29250R106 1,126 37,686 SH   SOLE   0 0 37,686
Energy Transfer Equity LP COM 29273V100 11,423 139,743 SH   SOLE   0 0 139,743
Energy Transfer Ptnrs LP COM 29273R109 1,950 34,054 SH   SOLE   0 0 34,054
Enterprise Products Ptnrs COM 293792107 14,101 212,689 SH   SOLE   0 0 212,689
EQT Midstream Partners, LP COM 26885B100 8,710 148,155 SH   SOLE   0 0 148,155
Genesis Energy LP COM 371927104 3,844 73,123 SH   SOLE   0 0 73,123
JPMorgan Alerian MLP Index COM 46625H365 41,541 896,251 SH   SOLE   0 0 896,251
Kinder Morgan Energy Ptnrs COM 494550106 2,545 31,547 SH   SOLE   0 0 31,547
Kinder Morgan Mgmt LLC COM 49455U100 768 10,152 SH   SOLE   0 0 10,152
Magellan Midstream Ptnrs LP COM 559080106 12,113 191,449 SH   SOLE   0 0 191,449
Markwest Energy Partners LP COM 570759100 3,261 49,308 SH   SOLE   0 0 49,308
NuStar Energy COM 67058H102 759 14,888 SH   SOLE   0 0 14,888
ONEOK Inc COM 682680103 3,835 61,683 SH   SOLE   0 0 61,683
Oneok Partners LP COM 68268N103 632 12,001 SH   SOLE   0 0 12,001
Oppenheimer SteelPath MLP Sele COM 858268204 129 10,465 SH   SOLE   0 0 10,465
Plains All Amern Pipeline COM 726503105 5,783 111,711 SH   SOLE   0 0 111,711
Plains Group Holdings, L.P. Cl COM 72651a108 4,371 163,278 SH   SOLE   0 0 163,278
Spectra Energy Prtns COM 84756N109 3,171 69,922 SH   SOLE   0 0 69,922
Sunoco Logistics Ptnrs COM 86764L108 10,752 142,447 SH   SOLE   0 0 142,447
T C Pipelines COM 87233Q108 1,349 27,854 SH   SOLE   0 0 27,854
Targa Resources Prtns Com St COM 87612G101 9,420 106,837 SH   SOLE   0 0 106,837
Tesoro Logistics LP COM 88160T107 4,607 88,020 SH   SOLE   0 0 88,020
UBS E-TRACS Alerian MLP Infras COM 902641646 2,326 58,984 SH   SOLE   0 0 58,984
Western Gas Equity Partners LP COM 95825R103 3,758 95,124 SH   SOLE   0 0 95,124
Western Gas Partners COM 958254104 7,000 113,467 SH   SOLE   0 0 113,467
Williams Partners COM 96950F104 8,179 160,810 SH   SOLE   0 0 160,810