Chief Compliance Officer

0001058800-14-000003.txt : 20140429 0001058800-14-000003.hdr.sgml : 20140429 20140429115143 ACCESSION NUMBER: 0001058800-14-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140331 FILED AS OF DATE: 20140429 DATE AS OF CHANGE: 20140429 EFFECTIVENESS DATE: 20140429 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: 14792309 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 03-31-2014 03-31-2014 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 Chief Compliance Officer 610-940-1111 Cheri Cecchin West Conshohocken PA 04-29-2014 0 168 1110694 false INFORMATION TABLE 2 march2014.xml AGL Resources COM 001204106 1248 25500 SH SOLE 0 0 25500 AllianceBernstein Holdings, LP COM 01881g106 707 28328 SH SOLE 0 0 28328 Altas Energy L.P. COM 04930a104 836 19414 SH SOLE 0 0 19414 Atlas Pipeline Partners LP COM 049392103 860 26785 SH SOLE 0 0 26785 Costamare Inc. COM y1771g102 370 17206 SH SOLE 0 0 17206 Crestwood Equity Partners LP COM 226344109 966 69802 SH SOLE 0 0 69802 Crestwood Midstream Partners L COM 226378107 679 30142 SH SOLE 0 0 30142 DCP Midstream Partners, LP COM 23311P100 38395 766365 SH SOLE 0 0 766365 Dominion Resources COM 25746u109 373 5250 SH SOLE 0 0 5250 Duke Realty COM 264411505 981 58100 SH SOLE 0 0 58100 Eagle Rock Energy Partners, LP COM 26985r104 294 55874 SH SOLE 0 0 55874 Enbridge Energy Mgmt. COM 29250x103 1417 51123 SH SOLE 0 0 51123 Enbridge Energy Partners L.P. COM 29250R106 419 15300 SH SOLE 0 0 15300 Enbridge Inc. COM 29250n105 881 19360 SH SOLE 0 0 19360 Energy Transfer Equity LP COM 29273V100 47176 1009108 SH SOLE 0 0 1009108 Enterprise Prod Partners COM 293792107 64725 933174 SH SOLE 0 0 933174 Golar LNG Partners LP COM y2745c102 387 12941 SH SOLE 0 0 12941 Kinder Morgan Mgmt COM 49455u100 3272 45650 SH SOLE 0 0 45650 Liberty Property Tr COM 531172104 2895 78333 SH SOLE 0 0 78333 Magellan Midstream Partners, L COM 559080106 64299 921986 SH SOLE 0 0 921986 MarkWest Energy Partners LP COM 570759100 2252 34475 SH SOLE 0 0 34475 NextEra Energy COM 65339F101 5928 61996 SH SOLE 0 0 61996 Northstar Realty Finance Corp. COM 66704r100 6149 381000 SH SOLE 0 0 381000 Nustar GP Holdings LLC COM 67059l102 371 10900 SH SOLE 0 0 10900 Plains All American Pipeline L COM 726503105 49524 898474 SH SOLE 0 0 898474 Regency Energy Partners, LP COM 75885y107 1444 53036 SH SOLE 0 0 53036 Resource Capital COM 76120W302 5276 947221 SH SOLE 0 0 947221 SPDR Dow Jones REIT ETF COM 78464a607 746 9560 SH SOLE 0 0 9560 Spectra Energy COM 847560109 307 8300 SH SOLE 0 0 8300 StoneMor Partners LP COM 86183q100 549 21841 SH SOLE 0 0 21841 Surburban Propane Partners LP COM 864482104 611 14697 SH SOLE 0 0 14697 Teekay Offshore Partners, L.P. COM y8565j101 1786 54591 SH SOLE 0 0 54591 Two Harbors Investment Corp. COM 90187B101 1228 119850 SH SOLE 0 0 119850 Vodafone Group PLC COM 92857w308 437 11882 SH SOLE 0 0 11882 WCI Communities, Inc. COM 92923c807 1259 63710 SH SOLE 0 0 63710 Williams Companies Inc COM 969457100 904 22275 SH SOLE 0 0 22275 Williams Partners, LP COM 96950f104 747 14665 SH SOLE 0 0 14665 3M Company COM 88579y101 1958 14434 SH SOLE 0 0 14434 ABB Ltd. COM 000375204 750 29100 SH SOLE 0 0 29100 Abbott Laboratories COM 002824100 245 6368 SH SOLE 0 0 6368 Advance Auto Parts COM 00751Y106 1434 11338 SH SOLE 0 0 11338 Aegon COM 007924103 221 24000 SH SOLE 0 0 24000 Airgas Inc. COM 009363102 203 1907 SH SOLE 0 0 1907 Amazon.com Inc. COM 023135106 5059 15040 SH SOLE 0 0 15040 American Airlines Group COM 02376r102 31750 867490 SH SOLE 0 0 867490 American Express COM 025816109 776 8621 SH SOLE 0 0 8621 American Intl. 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COM 191216100 1080 27933 SH SOLE 0 0 27933 Colgate Palmolive COM 194162103 4548 70117 SH SOLE 0 0 70117 Comcast Cl A COM 20030N101 238 4762 SH SOLE 0 0 4762 ConocoPhillips COM 20825C104 3644 51792 SH SOLE 0 0 51792 Costco Wholesale COM 22160K105 2582 23117 SH SOLE 0 0 23117 DST Systems COM 233326107 914 9645 SH SOLE 0 0 9645 Deere & Co. COM 244199105 337 3709 SH SOLE 0 0 3709 Delta Airlines COM 247361702 46042 1328784 SH SOLE 0 0 1328784 Dentsply Intl COM 249030107 2193 47640 SH SOLE 0 0 47640 Diebold COM 253651103 1156 28984 SH SOLE 0 0 28984 DirectTV COM 25490a309 778 10182 SH SOLE 0 0 10182 Discovery Comm C COM 25470f302 870 11293 SH SOLE 0 0 11293 Discovery Holding A COM 25470f104 885 10704 SH SOLE 0 0 10704 Dow Chemical COM 260543103 853 17560 SH SOLE 0 0 17560 Emerson Electric Co. COM 291011104 731 10949 SH SOLE 0 0 10949 Estee Lauder COM 518439104 548 8200 SH SOLE 0 0 8200 Exelon Corp. COM 30161N101 719 21432 SH SOLE 0 0 21432 Exxon Mobil COM 30231G102 3637 37236 SH SOLE 0 0 37236 F.N.B. Corp. COM 302520101 469 34968 SH SOLE 0 0 34968 Ferro Corp COM 315405100 2269 166103 SH SOLE 0 0 166103 Fomento Economico Mexicano SA COM 344419106 4053 43470 SH SOLE 0 0 43470 Franklin Resources COM 354613101 1760 32490 SH SOLE 0 0 32490 Gamco Investors A COM 361438104 1172 15088 SH SOLE 0 0 15088 General Electric COM 369604103 21381 825841 SH SOLE 0 0 825841 General Mills COM 370334104 246 4744 SH SOLE 0 0 4744 Genuine Parts COM 372460105 923 10627 SH SOLE 0 0 10627 Gilead Science COM 375558103 5189 73225 SH SOLE 0 0 73225 GlaxoSmithkline PLC COM 37733w105 1957 36623 SH SOLE 0 0 36623 Google Cl C COM 38259P706 37522 33667 SH SOLE 0 0 33667 Henry Schein COM 806407102 3883 32525 SH SOLE 0 0 32525 Home Depot COM 437076102 15096 190774 SH SOLE 0 0 190774 IBM COM 459200101 3936 20446 SH SOLE 0 0 20446 Illinois Tool Works COM 452308109 533 6559 SH SOLE 0 0 6559 Intel Corp. COM 458140100 503 19504 SH SOLE 0 0 19504 Invesco COM G491BT108 1269 34296 SH SOLE 0 0 34296 J.P. Morgan Chase COM 46625h100 34182 563042 SH SOLE 0 0 563042 JPMorgan China Region Fund COM 48126T104 1081 75909 SH SOLE 0 0 75909 Jacobs Engineering Group COM 469814107 13484 212351 SH SOLE 0 0 212351 Johnson & Johnson COM 478160104 43874 446642 SH SOLE 0 0 446642 KKR & Co. LP COM 48248M102 1048 45900 SH SOLE 0 0 45900 Kimberly Clark COM 494368103 2117 19200 SH SOLE 0 0 19200 LKQ Corporation COM 501889208 796 30200 SH SOLE 0 0 30200 Lehman Note COM 524ESC100 0 12800 SH SOLE 0 0 12800 Liberty Media COM 531229102 484 3706 SH SOLE 0 0 3706 MasterCard Inc. COM 57636q104 15870 212446 SH SOLE 0 0 212446 McDonald's Corp. COM 580135101 511 5210 SH SOLE 0 0 5210 Medtronic COM 585055106 577 9369 SH SOLE 0 0 9369 Merck COM 58933y105 3124 55028 SH SOLE 0 0 55028 MetLife COM 59156R108 21333 404033 SH SOLE 0 0 404033 Micron Technology Inc. COM 595112103 1622 68548 SH SOLE 0 0 68548 Microsoft COM 594918104 526 12840 SH SOLE 0 0 12840 Mondelez International Inc. COM 609207105 466 13483 SH SOLE 0 0 13483 Morgan Stanley COM 617446448 4739 152036 SH SOLE 0 0 152036 Nestle Spons ADR COM 641069406 29313 389087 SH SOLE 0 0 389087 Noble Energy COM 655044105 3938 55430 SH SOLE 0 0 55430 Norfolk Southern COM 655844108 5970 61440 SH SOLE 0 0 61440 Novartis COM 66987V109 2294 26979 SH SOLE 0 0 26979 Occidental Petroleum COM 674599105 1454 15259 SH SOLE 0 0 15259 Oracle COM 68389X105 388 9495 SH SOLE 0 0 9495 Pepsico COM 713448108 3447 41287 SH SOLE 0 0 41287 Pfizer COM 717081103 3695 115037 SH SOLE 0 0 115037 Phillips 66 COM 718546104 1579 20486 SH SOLE 0 0 20486 Praxair COM 74005P104 3766 28751 SH SOLE 0 0 28751 Procter & Gamble COM 742718109 8057 99967 SH SOLE 0 0 99967 Qualcomm COM 747525103 18895 239598 SH SOLE 0 0 239598 Resource America COM 761195205 2458 286760 SH SOLE 0 0 286760 Roche Holding AG COM 771195104 32419 864532 SH SOLE 0 0 864532 Royal Dutch Shell COM 780259206 2142 29312 SH SOLE 0 0 29312 SAB Miller PLC/GBP/ COM G77395104 1143 22899 SH SOLE 0 0 22899 SPDR Index Shs S&P China COM 78463X400 2399 33000 SH SOLE 0 0 33000 SPDR S&P 500 ETF COM 78462F103 1994 10660 SH SOLE 0 0 10660 Schlumberger COM 806857108 16976 174110 SH SOLE 0 0 174110 Silicon Motion Technologies Co COM 82706c108 1461 87063 SH SOLE 0 0 87063 State Street Corp COM 857477103 610 8764 SH SOLE 0 0 8764 Stryker Corp COM 863667101 1093 13412 SH SOLE 0 0 13412 Suncor Energy Inc. COM 867224107 1463 41842 SH SOLE 0 0 41842 Sysco COM 871829107 2273 62912 SH SOLE 0 0 62912 Thermo Fisher Scientific COM 883556102 4079 33927 SH SOLE 0 0 33927 Tiffany & Co. COM 886547108 730 8469 SH SOLE 0 0 8469 Time Warner Cable, Inc. COM 88732j207 524 3818 SH SOLE 0 0 3818 Time Warner Inc. COM 887317303 1953 29899 SH SOLE 0 0 29899 TriQuint Semiconductor Inc. COM 89674k103 992 74053 SH SOLE 0 0 74053 Tronox Inc. COM Q9235V101 1110 46686 SH SOLE 0 0 46686 Unilever NV NY COM 904784709 4591 111645 SH SOLE 0 0 111645 Union Pacific COM 907818108 12445 66316 SH SOLE 0 0 66316 United Continental Holdings, I COM 910047109 21070 472100 SH SOLE 0 0 472100 United Technologies COM 913017109 298 2550 SH SOLE 0 0 2550 UnitedHealth Group COM 91324P102 246 3000 SH SOLE 0 0 3000 Verizon Comm COM 92343V104 369 7759 SH SOLE 0 0 7759 Viacom Class B COM 92553p201 690 8116 SH SOLE 0 0 8116 Visa COM 92826c839 19958 92460 SH SOLE 0 0 92460 Volkswagen AG Pref COM d94523103 3853 14770 SH SOLE 0 0 14770 W. W. Grainger COM 384802104 522 2066 SH SOLE 0 0 2066 Walgreen COM 931422109 215 3258 SH SOLE 0 0 3258 Walt Disney COM 254687106 1056 13194 SH SOLE 0 0 13194 Wells Fargo COM 949746101 14138 284246 SH SOLE 0 0 284246 Xinhua China 25 Index Fund COM 464287184 1367 38194 SH SOLE 0 0 38194 duPont COM 263534109 3779 56326 SH SOLE 0 0 56326