0001058800-13-000003.txt : 20130529 0001058800-13-000003.hdr.sgml : 20130529 20130529162326 ACCESSION NUMBER: 0001058800-13-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130331 FILED AS OF DATE: 20130529 DATE AS OF CHANGE: 20130529 EFFECTIVENESS DATE: 20130529 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEACH INVESTMENT COUNSEL INC/PA CENTRAL INDEX KEY: 0001058800 IRS NUMBER: 232845611 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03561 FILM NUMBER: 13878591 BUSINESS ADDRESS: STREET 1: FIVE TOWER BRIDGE STREET 2: 300 BARR HARBOR DRIVE SUITE 220 CITY: WEST CONSHOHOCKEN STATE: PA ZIP: 19428 BUSINESS PHONE: 6109401111 MAIL ADDRESS: STREET 1: FIVE TOWER BRIDGE STREET 2: 300 BARR HARBOR DRIVE SUITE 220 CITY: WEST CONSHOHOCKEN STATE: PA ZIP: 19428 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001058800 XXXXXXXX 03-31-2013 03-31-2013 BEACH INVESTMENT COUNSEL INC/PA

FIVE TOWER BRIDGE 300 BARR HARBOR DRIVE SUITE 220 WEST CONSHOHOCKEN PA 19428

13F HOLDINGS REPORT 028-03561 N Cheri Cecchin 610-940-1111 cheri cecchin West Conshohocken PA 05-29-2013 0 199 932326 false INFORMATION TABLE 2 inftable.xml AGL Resources COM 001204106 1083 25825 SH SOLE 0 0 25825 AllianceBernstein Holdings, LP COM 01881g106 512 23400 SH SOLE 0 0 23400 Costamare Inc. COM y1771g102 419 26339 SH SOLE 0 0 26339 Crestwood Midstream Partners L COM 226372100 353 14819 SH SOLE 0 0 14819 DCP Midstream Partners, LP COM 23311P100 32935 706604 SH SOLE 0 0 706604 Dominion Resources COM 25746u109 311 5350 SH SOLE 0 0 5350 Duke Realty COM 264411505 1033 60850 SH SOLE 0 0 60850 EV Energy Partners COM 26926v107 232 4255 SH SOLE 0 0 4255 Eagle Rock Energy Partners, LP COM 26985r104 456 46421 SH SOLE 0 0 46421 Enbridge Energy Mgmt. COM 29250x103 1456 48190 SH SOLE 0 0 48190 Enbridge Energy Partners L.P. COM 29250R106 473 15700 SH SOLE 0 0 15700 Energy Transfer Equity LP COM 29273V100 28758 491755 SH SOLE 0 0 491755 Enterprise Prod Partners COM 293792107 58392 968524 SH SOLE 0 0 968524 Golar LNG Partners LP COM y2745c102 411 12441 SH SOLE 0 0 12441 Inergy L.P. COM 456615103 1426 69802 SH SOLE 0 0 69802 Kinder Morgan Energy Partners COM 494550106 287 3200 SH SOLE 0 0 3200 Kinder Morgan Mgmt COM 49455u100 4231 48158 SH SOLE 0 0 48158 Liberty Property Tr COM 531172104 2893 72783 SH SOLE 0 0 72783 Magellan Midstream Partners, L COM 559080106 52136 975790 SH SOLE 0 0 975790 MarkWest Energy Partners LP COM 570759100 2025 33340 SH SOLE 0 0 33340 NextEra Energy COM 65339F101 4992 64258 SH SOLE 0 0 64258 Northstar Realty Finance Corp. COM 66704r100 3612 381000 SH SOLE 0 0 381000 Nustar Energy LP COM 67058H102 907 17006 SH SOLE 0 0 17006 Nustar GP Holdings LLC COM 67059l102 1528 47020 SH SOLE 0 0 47020 PVR Partners LP COM 693665101 1028 42618 SH SOLE 0 0 42618 Pioneer Southwest Energy Partn COM 72388B106 2895 118505 SH SOLE 0 0 118505 Plains All American Pipeline L COM 726503105 48304 855238 SH SOLE 0 0 855238 Resource Capital COM 76120W302 5504 832731 SH SOLE 0 0 832731 StoneMor Partners LP COM 86183q100 426 16966 SH SOLE 0 0 16966 Surburban Propane Partners LP COM 864482104 1151 25873 SH SOLE 0 0 25873 Teekay Offshore Partners, L.P. COM y8565j101 1648 54591 SH SOLE 0 0 54591 Two Harbors Investment Corp. COM 90187B101 1511 119850 SH SOLE 0 0 119850 Vodafone Group PLC COM 92857w209 4777 168190 SH SOLE 0 0 168190 Williams Partners, LP COM 96950f104 697 13456 SH SOLE 0 0 13456 3M Company COM 88579y101 1632 15356 SH SOLE 0 0 15356 ABB Ltd. COM 000375204 667 29300 SH SOLE 0 0 29300 AbbVie, Inc. COM 00287y109 301 7380 SH SOLE 0 0 7380 Abbott Laboratories COM 002824100 7365 208508 SH SOLE 0 0 208508 Advance Auto Parts COM 00751Y106 937 11338 SH SOLE 0 0 11338 Airgas Inc. COM 009363102 448 4522 SH SOLE 0 0 4522 Allergan Inc. COM 018490102 9760 87430 SH SOLE 0 0 87430 Amazon.com Inc. COM 023135106 457 1715 SH SOLE 0 0 1715 American Express COM 025816109 617 9150 SH SOLE 0 0 9150 American Intl. Group COM 026874784 41096 1058637 SH SOLE 0 0 1058637 Anadarko Petroleum COM 032511107 249 2850 SH SOLE 0 0 2850 Anheuser-Busch InBev COM b5064a925 13599 137014 SH SOLE 0 0 137014 Anheuser-Busch Inbev ADR COM 03524A108 31383 315250 SH SOLE 0 0 315250 Apple Computer COM 037833100 3901 8813 SH SOLE 0 0 8813 Arch Capital Group COM g0450a105 237 4500 SH SOLE 0 0 4500 Automatic Data Processing COM 053015103 2132 32786 SH SOLE 0 0 32786 Bancorp Inc COM 05969a105 9329 673548 SH SOLE 0 0 673548 Bank of America COM 060505104 9957 817500 SH SOLE 0 0 817500 Baxter Intl. COM 071813109 209 2880 SH SOLE 0 0 2880 Becton Dickinson COM 075887109 1132 11843 SH SOLE 0 0 11843 Biogen Idec Inc. COM 09062X103 539 2800 SH SOLE 0 0 2800 Boeing Company COM 097023105 470 5478 SH SOLE 0 0 5478 Brkshire Hathaway A COM 084670108 469 3 SH SOLE 0 0 3 Brkshire Hathaway B COM 084670702 2615 25095 SH SOLE 0 0 25095 CVS/Caremark COM 126650100 20850 379157 SH SOLE 0 0 379157 Canadian Oil Sands Trust Ltd COM 13643E105 2049 99406 SH SOLE 0 0 99406 Caterpillar COM 149123101 204 2350 SH SOLE 0 0 2350 Celgne Corp COM 151020104 220 1900 SH SOLE 0 0 1900 Chevron COM 166764100 4234 35630 SH SOLE 0 0 35630 Chubb COM 171232101 996 11374 SH SOLE 0 0 11374 Cisco Systems COM 17275R102 358 17157 SH SOLE 0 0 17157 Citigroup COM 172967424 39666 896600 SH SOLE 0 0 896600 Coca Cola Co. COM 191216100 1520 37576 SH SOLE 0 0 37576 Colgate Palmolive COM 194162103 4758 40314 SH SOLE 0 0 40314 Comcast Cl A COM 20030N101 597 14213 SH SOLE 0 0 14213 Comerica Inc. COM 200340107 449 12480 SH SOLE 0 0 12480 ConocoPhillips COM 20825C104 3743 62285 SH SOLE 0 0 62285 Costco Wholesale COM 22160K105 2453 23117 SH SOLE 0 0 23117 Covidien Ltd. COM g2554f113 434 6400 SH SOLE 0 0 6400 Crown Holdings Inc . COM 228368106 8140 195621 SH SOLE 0 0 195621 Cummins Inc. COM 231021106 395 3410 SH SOLE 0 0 3410 DST Systems COM 233326107 687 9645 SH SOLE 0 0 9645 Deere & Co. COM 244199105 307 3575 SH SOLE 0 0 3575 Delta Airlines COM 247361702 19889 1204690 SH SOLE 0 0 1204690 Dentsply Intl COM 249030107 2086 49140 SH SOLE 0 0 49140 DirectTV COM 25490a309 592 10466 SH SOLE 0 0 10466 Discovery Comm C COM 25470f302 799 11483 SH SOLE 0 0 11483 Discovery Holding A COM 25470f104 858 10894 SH SOLE 0 0 10894 Eastern Insurance Holdings COM 276534104 826 44032 SH SOLE 0 0 44032 Edwards Lifesciences COM 28176E108 481 5850 SH SOLE 0 0 5850 Emerson Electric Co. COM 291011104 696 12450 SH SOLE 0 0 12450 Estee Lauder COM 518439104 902 14080 SH SOLE 0 0 14080 Express Scripts Holding COM 30219G108 204 3532 SH SOLE 0 0 3532 Exxon Mobil COM 30231G102 3689 40944 SH SOLE 0 0 40944 F.N.B. Corp. COM 302520101 423 34968 SH SOLE 0 0 34968 Fedex COM 31428x106 262 2663 SH SOLE 0 0 2663 Fifth Third Bancorp COM 316773100 229 14010 SH SOLE 0 0 14010 Fomento Economico Mexicano SA COM 344419106 5652 49800 SH SOLE 0 0 49800 Ford Motor Co. COM 345370860 4192 318820 SH SOLE 0 0 318820 Franklin Resources COM 354613101 1982 13143 SH SOLE 0 0 13143 Gamco Investors A COM 361438104 801 15088 SH SOLE 0 0 15088 General Electric COM 369604103 18230 788484 SH SOLE 0 0 788484 General Mills COM 370334104 234 4744 SH SOLE 0 0 4744 Genuine Parts COM 372460105 800 10261 SH SOLE 0 0 10261 Gilead Science COM 375558103 625 12780 SH SOLE 0 0 12780 Goldman Sachs Inc. COM 38141G104 12169 82700 SH SOLE 0 0 82700 Google COM 38259P508 21121 26595 SH SOLE 0 0 26595 H. J. Heinz COM 423074103 383 5300 SH SOLE 0 0 5300 Henry Schein COM 806407102 3948 42660 SH SOLE 0 0 42660 IBM COM 459200101 7381 34603 SH SOLE 0 0 34603 Illinois Tool Works COM 452308109 418 6859 SH SOLE 0 0 6859 Intel Corp. COM 458140100 426 19504 SH SOLE 0 0 19504 Invesco COM G491BT108 892 30796 SH SOLE 0 0 30796 Itau Unibanco Holding S.A. COM 465562106 6556 368310 SH SOLE 0 0 368310 J.P. Morgan Chase COM 46625h100 17743 373859 SH SOLE 0 0 373859 JF China Region Fund COM 46614T107 1151 79909 SH SOLE 0 0 79909 Jabil Circuits Inc. COM 466313103 338 18299 SH SOLE 0 0 18299 Johnson & Johnson COM 478160104 44305 543422 SH SOLE 0 0 543422 Kimberly Clark COM 494368103 2121 21648 SH SOLE 0 0 21648 Kraft Foods Group, Inc. COM 50076q106 373 7248 SH SOLE 0 0 7248 Kunlun Energy COM g5320c108 995 476000 SH SOLE 0 0 476000 LKQ Corporation COM 501889208 572 26300 SH SOLE 0 0 26300 Lehman Note COM 524ESC100 0 12800 SH SOLE 0 0 12800 Liberty Media COM 531229102 423 3785 SH SOLE 0 0 3785 LinkedIn COM 53578A108 787 4470 SH SOLE 0 0 4470 MasterCard Inc. COM 57636q104 8466 15645 SH SOLE 0 0 15645 McCormick & Co. COM 579780206 515 7000 SH SOLE 0 0 7000 McDonald's Corp. COM 580135101 544 5457 SH SOLE 0 0 5457 Medtronic COM 585055106 480 10219 SH SOLE 0 0 10219 Merck COM 58933y105 2730 61763 SH SOLE 0 0 61763 MetLife COM 59156R108 384 10100 SH SOLE 0 0 10100 Micron Technology Inc. COM 595112103 405 40639 SH SOLE 0 0 40639 Microsoft COM 594918104 367 12840 SH SOLE 0 0 12840 Mondelez International Inc. COM 609207105 9219 301122 SH SOLE 0 0 301122 Monsanto COM 61166W101 509 4820 SH SOLE 0 0 4820 Morgan Stanley COM 617446448 12972 590180 SH SOLE 0 0 590180 Nestle Spons ADR COM 641069406 33149 457249 SH SOLE 0 0 457249 Noble Energy COM 655044105 3784 32715 SH SOLE 0 0 32715 Northrup Grumman COM 666807102 341 4858 SH SOLE 0 0 4858 Novartis COM 66987V109 2346 32936 SH SOLE 0 0 32936 Occidental Petroleum COM 674599105 1466 18710 SH SOLE 0 0 18710 Oracle COM 68389X105 638 19745 SH SOLE 0 0 19745 Pepsico COM 713448108 3326 42046 SH SOLE 0 0 42046 Pfizer COM 717081103 4193 145295 SH SOLE 0 0 145295 Philip Morris COM 718172109 17648 190360 SH SOLE 0 0 190360 Phillips 66 COM 718546104 2059 29432 SH SOLE 0 0 29432 Praxair COM 74005P104 3207 28751 SH SOLE 0 0 28751 Precision Castparts COM 740189105 607 3200 SH SOLE 0 0 3200 ProShares UltraShort 20+ Year COM 74347B201 321 4880 SH SOLE 0 0 4880 Procter & Gamble COM 742718109 8571 111228 SH SOLE 0 0 111228 Qualcomm COM 747525103 358 5350 SH SOLE 0 0 5350 Resource America COM 761195205 2856 286765 SH SOLE 0 0 286765 Roche Holding AG COM 771195104 22330 382715 SH SOLE 0 0 382715 Rockwell International COM 773903109 511 5920 SH SOLE 0 0 5920 Royal Dutch Shell COM 780259206 2377 36482 SH SOLE 0 0 36482 SAB Miller ADR COM 78572M105 985 18730 SH SOLE 0 0 18730 SAB Miller PLC/GBP/ COM G77395104 1248 23719 SH SOLE 0 0 23719 SPDR Index Shs S&P China COM 78463X400 1882 26900 SH SOLE 0 0 26900 SPDR S&P 500 ETF COM 78462F103 1670 10660 SH SOLE 0 0 10660 Schlumberger COM 806857108 349 4662 SH SOLE 0 0 4662 Silicon Motion Technologies Co COM 82706c108 552 47118 SH SOLE 0 0 47118 Staples COM 855030102 787 58659 SH SOLE 0 0 58659 Starbucks Corp. COM 855244109 398 6990 SH SOLE 0 0 6990 State Street Corp COM 857477103 347 5864 SH SOLE 0 0 5864 Stryker Corp COM 863667101 875 13412 SH SOLE 0 0 13412 Suncor Energy Inc. COM 867224107 486 16200 SH SOLE 0 0 16200 Sysco COM 871829107 3453 98191 SH SOLE 0 0 98191 Tellabs COM 879664100 32 15200 SH SOLE 0 0 15200 Thermo Fisher Scientific COM 883556102 2654 34697 SH SOLE 0 0 34697 Tiffany & Co. COM 886547108 603 8669 SH SOLE 0 0 8669 Time Warner Cable, Inc. COM 88732j207 413 4295 SH SOLE 0 0 4295 Time Warner Inc. COM 887317303 1688 29299 SH SOLE 0 0 29299 Tompkins Financial Corp COM 890110109 305 7203 SH SOLE 0 0 7203 Toronto Dominion Bank COM 891160509 2657 31910 SH SOLE 0 0 31910 Total SA COM 89151e109 346 7209 SH SOLE 0 0 7209 Tronox Inc. COM Q9235V101 2373 119766 SH SOLE 0 0 119766 Tyco International COM h89128104 211 6600 SH SOLE 0 0 6600 Unilever NV NY COM 904784709 4998 121910 SH SOLE 0 0 121910 Union Pacific COM 907818108 5428 38113 SH SOLE 0 0 38113 United Continental Holdings, I COM 910047109 18175 567790 SH SOLE 0 0 567790 United Technologies COM 913017109 443 4745 SH SOLE 0 0 4745 UnitedHealth Group COM 91324P102 745 13020 SH SOLE 0 0 13020 Vanguard FTSE Emerging Markets COM 922042858 440 10254 SH SOLE 0 0 10254 Viacom Class B COM 92553p201 499 8116 SH SOLE 0 0 8116 Visa COM 92826c839 11051 65065 SH SOLE 0 0 65065 W. W. Grainger COM 384802104 476 2116 SH SOLE 0 0 2116 Walgreen COM 931422109 205 4300 SH SOLE 0 0 4300 Walt Disney COM 254687106 749 13194 SH SOLE 0 0 13194 Wells Fargo COM 949746101 12269 331696 SH SOLE 0 0 331696 Williams Companies Inc COM 969457100 253 6762 SH SOLE 0 0 6762 Xinhua China 25 Index Fund COM 464287184 1685 45624 SH SOLE 0 0 45624 ZAGG Inc. COM 98884u108 554 76145 SH SOLE 0 0 76145 duPont COM 263534109 2746 55849 SH SOLE 0 0 55849 iShr MSCI Emerg Mkts ET COM 464287234 11990 280340 SH SOLE 0 0 280340