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
WESCO INTL INC DBCV 6.000% 9/1 95082PAH8 2,422 747,000 PRN   SOLE   747,000 0 0
ISHARES BARCLAYS 1-3 YR CREDIT 1-3 YR CR BD ETF 464288646 22,775 215,961 SH   SOLE   196,861 0 19,100
ISHARES BARCLAYS TIPS BOND FUN TIPS BD ETF 464287176 9,261 84,264 SH   SOLE   71,964 0 12,300
ISHARES NATIONAL AMT-FREE MUNI NAT AMT FREE BD 464288414 1,743 16,800 SH   SOLE   16,800 0 0
ISHARES TR HIGH YIELD CORP IBOXX HI YD ETF 464288513 16,091 173,250 SH   SOLE   157,150 0 16,100
POWERSHARES GLOBAL ETF SOVEREI SOVEREIGN DEBT 73936T573 14,764 546,817 SH   SOLE   497,617 0 49,200
SPDR BARCLAYS INT'L TB ETF BRCLYS INTL ETF 78464A516 9,571 165,766 SH   SOLE   152,216 0 13,550
ABBOTT LABS COM 002824100 208 5,433 SH   SOLE   5,433 0 0
ABBVIE INC COM 00287Y109 287 5,433 SH   SOLE   5,433 0 0
AMERICAN TOWER REIT INC COM 03027X100 8,889 111,359 SH   SOLE   104,589 0 6,770
AMERISOURCEBERGEN CORP COM COM 03073E105 1,476 20,990 SH   SOLE   20,990 0 0
APPLE COMPUTER INC COM 037833100 993 1,770 SH   SOLE   1,770 0 0
AUTO DATA PROCESS INC COM 053015103 1,535 19,003 SH   SOLE   18,728 0 275
BANK OF HAWAII COM 062540109 876 14,808 SH   SOLE   14,808 0 0
BARD CR INC COM 067383109 1,041 7,775 SH   SOLE   7,775 0 0
BCE INC COM COM 05534B760 1,189 27,465 SH   SOLE   27,465 0 0
BECTON DICKINSON & CO COM 075887109 927 8,392 SH   SOLE   8,392 0 0
CATERPILLAR COM 149123101 585 6,441 SH   SOLE   6,441 0 0
CHENIERE ENERGY INC COM 16411R208 110,742 2,568,219 SH   SOLE   2,568,219 0 0
CHEVRON CORP COM 166764100 18,011 144,192 SH   SOLE   135,292 0 8,900
CINTAS CORP COM 172908105 23,198 389,300 SH   SOLE   366,500 0 22,800
COCA COLA CO COM 191216100 248 6,010 SH   SOLE   6,010 0 0
COLGATE PALMOLIVE CO COM 194162103 1,605 24,620 SH   SOLE   24,330 0 290
COMCAST CORP CL A CL A SPL 20030N200 266 5,325 SH   SOLE   5,325 0 0
CONOCOPHILLIPS COM 20825c104 978 13,845 SH   SOLE   13,845 0 0
CROWN CASTLE INTL CORP COM 228227104 61,289 834,655 SH   SOLE   820,237 0 14,418
DISCOVERY COMMUNICATIONS INC COM 25470f302 82,251 980,810 SH   SOLE   977,910 0 2,900
DISCOVERY HOLDING COMPANY COM 25470F104 4,288 47,424 SH   SOLE   38,124 0 9,300
ELECTR FOR IMAGING INC COM 286082102 27,333 705,735 SH   SOLE   672,435 0 33,300
EMERSON ELEC CO COM 291011104 734 10,462 SH   SOLE   10,462 0 0
EXXON MOBIL CORP COM 30231G102 20,897 206,494 SH   SOLE   194,059 0 12,435
FLUOR CORP COM 343412102 23,728 295,525 SH   SOLE   277,825 0 17,700
GENERAL ELEC CO COM 369604103 4,408 157,251 SH   SOLE   157,251 0 0
INT'L BUSINESS MACHINES COM 459200101 1,550 8,263 SH   SOLE   8,163 0 100
INTEL CORP COM 458140100 19,185 739,156 SH   SOLE   688,856 0 50,300
JOHNSON & JOHNSON COM 478160104 24,449 266,939 SH   SOLE   252,504 0 14,435
LAMAR ADVERTISING CO-CL A CL A 512815101 73,451 1,405,756 SH   SOLE   1,382,056 0 23,700
LIBERTY MEDIA INTERACTIVE A INT COM SER A 53071m104 49,861 1,698,826 SH   SOLE   1,652,123 0 46,703
LIBERTY VENTURES A LBT VENT COM A 53071M880 1,570 12,809 SH   SOLE   12,809 0 0
LPL FINANCIAL HOLDINGS INC COM 50212V100 114,008 2,423,124 SH   SOLE   2,389,124 0 34,000
MAGELLAN MIDSTREAM PARTNERS COM UNIT RP LP 559080106 22,864 361,378 SH   SOLE   360,678 0 700
MASTERCARD INC. COM 57636Q104 2,298 2,751 SH   SOLE   2,751 0 0
MICROSOFT CORP COM 594918104 1,129 30,168 SH   SOLE   30,168 0 0
NATIONAL CINEMEDIA INC COM 635309107 25,711 1,288,150 SH   SOLE   1,226,250 0 61,900
NORTHERN TRUST CORP COM 665859104 21,528 347,850 SH   SOLE   325,550 0 22,300
NOVO-NORDISK ADR ADR 670100205 304 1,643 SH   SOLE   1,643 0 0
PEPSICO INC COM 713448108 1,319 15,898 SH   SOLE   15,898 0 0
PFIZER INC COM 717081103 1,657 54,095 SH   SOLE   53,495 0 600
PROCTER & GAMBLE COM 742718109 20,559 252,536 SH   SOLE   238,436 0 14,100
PROGRESSIVE WASTE SOLU COM COM 74339G101 44,683 1,805,354 SH   SOLE   1,805,354 0 0
SEASPAN CORP COM Y75638109 61,074 2,661,177 SH   SOLE   2,598,534 0 62,643
SYSCO CORP COM 871829107 25,561 708,052 SH   SOLE   665,582 0 42,470
TELEFLEX INC COM 879369106 22,395 238,600 SH   SOLE   223,100 0 15,500
TRANSCANADA CORP COM COM 89353D107 274 6,000 SH   SOLE   6,000 0 0
UNILEVER NV N Y SHS NEW 904784709 1,266 31,471 SH   SOLE   31,471 0 0
UNITED PARCEL SERVICE COM 911312106 23,747 225,992 SH   SOLE   213,072 0 12,920
VIASAT COM 92552V100 44,549 711,079 SH   SOLE   707,879 0 3,200
WAL-MART STORES INC COM 931142103 20,441 259,764 SH   SOLE   250,564 0 9,200
WELLS FARGO & CO NEW COM 949746101 508 11,186 SH   SOLE   11,186 0 0
WESTAR ENERGY INC COM 95709T100 643 20,000 SH   SOLE   20,000 0 0
ALPS ETF ALERIAN MLP ALERIAN MLP 00162Q866 10,437 586,651 SH   SOLE   528,151 0 58,500
VANGUARD MSCI EAFE ETF FTSE DEV MKT ETF 921943858 6,849 164,322 SH   SOLE   160,422 0 3,900
VANGUARD MSCI EMERGING MKT ETF FTSE EMR MKT ETF 922042858 16,378 398,110 SH   SOLE   367,810 0 30,300
VANGUARD TOTAL STOCK VIPERS TOTAL STK MKT 922908769 325 3,386 SH   SOLE   3,386 0 0
POWERSHARES DB CMDTY IDX UNIT UNIT BEN INT 73935S105 3,384 131,894 SH   SOLE   128,894 0 3,000
SPDR DOW JONES INT'L REAL ESTA DJ INTL RL ETF 78463X863 3,194 77,529 SH   SOLE   76,229 0 1,300
SPDR GOLD TRUST SHS GOLD SHS 78463V107 2,179 18,761 SH   SOLE   18,311 0 450
VANGUARD REIT INDEX ETF REIT ETF 922908553 1,189 18,413 SH   SOLE   17,563 0 850