Executive Director/CCO

0001058800-15-000005.txt : 20150810 0001058800-15-000005.hdr.sgml : 20150810 20150810115146 ACCESSION NUMBER: 0001058800-15-000005 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150630 FILED AS OF DATE: 20150810 DATE AS OF CHANGE: 20150810 EFFECTIVENESS DATE: 20150810 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: 151039774 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 true 0001058800 XXXXXXXX 06-30-2015 06-30-2015 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 Executive Director/CCO 610-940-1111 Cheri Cecchin West Conshohocken PA 08-10-2015 0 181 1008073 false INFORMATION TABLE 2 June2015.xml AGL Resources COM 001204106 1155 24800 SH SOLE 0 0 24800 AT&T COM 00206r102 417 11742 SH SOLE 0 0 11742 AllianceBernstein Holdings, LP COM 01881g106 801 27128 SH SOLE 0 0 27128 BioMed Realty Trust COM 09063H107 1195 61800 SH SOLE 0 0 61800 Brandywine Realty COM 105368203 1934 145600 SH SOLE 0 0 145600 CONE Midstream Partners LP COM 206812109 677 38247 SH SOLE 0 0 38247 Calumet Specialty Products Par COM 131476103 269 10574 SH SOLE 0 0 10574 Crestwood Equity Partners LP COM 226344109 150 36336 SH SOLE 0 0 36336 Crestwood Midstream Partners L COM 226378107 176 15698 SH SOLE 0 0 15698 DCP Midstream Partners, LP COM 23311P100 15396 501667 SH SOLE 0 0 501667 Dominion Resources COM 25746u109 217 3250 SH SOLE 0 0 3250 Duke Realty COM 264411505 1003 54000 SH SOLE 0 0 54000 Enbridge Energy Mgmt. COM 29250x103 1551 46996 SH SOLE 0 0 46996 Enbridge Energy Partners L.P. COM 29250R106 510 15300 SH SOLE 0 0 15300 Enbridge Inc. COM 29250n105 3589 76703 SH SOLE 0 0 76703 Energy Transfer Equity LP COM 29273V100 63361 987398 SH SOLE 0 0 987398 Enterprise Prod Partners COM 293792107 55835 1868018 SH SOLE 0 0 1868018 Hersha Hospitality Trust Class COM 427825500 3797 148107 SH SOLE 0 0 148107 Kinder Morgan Inc. COM 49456b101 11033 287385 SH SOLE 0 0 287385 Liberty Property Tr COM 531172104 3486 108183 SH SOLE 0 0 108183 Magellan Midstream Partners, L COM 559080106 68266 930303 SH SOLE 0 0 930303 MarkWest Energy Partners LP COM 570759100 1780 31564 SH SOLE 0 0 31564 Next Era Energy Partners COM 65341b106 3318 83739 SH SOLE 0 0 83739 NextEra Energy, Inc. COM 65339F101 20199 206046 SH SOLE 0 0 206046 Northstar Realty Finance Corp. COM 66704r704 1614 101535 SH SOLE 0 0 101535 Nustar GP Holdings LLC COM 67059l102 497 13052 SH SOLE 0 0 13052 Plains All American Pipeline L COM 726503105 35406 812626 SH SOLE 0 0 812626 Resource Capital COM 76120W302 3724 962371 SH SOLE 0 0 962371 SPDR Dow Jones REIT ETF COM 78464a607 403 4780 SH SOLE 0 0 4780 Spectra Energy COM 847560109 271 8300 SH SOLE 0 0 8300 StoneMor Partners LP COM 86183q100 964 31966 SH SOLE 0 0 31966 Targa Resource Partners LP COM 87611x105 639 16547 SH SOLE 0 0 16547 Targa Resources Corp COM 87612g101 2438 27330 SH SOLE 0 0 27330 Teekay LNG Partners COM y8564m105 629 19530 SH SOLE 0 0 19530 Two Harbors Investment Corp. COM 90187B101 584 59920 SH SOLE 0 0 59920 Verizon Comm COM 92343V104 3619 77642 SH SOLE 0 0 77642 Williams Companies Inc COM 969457100 1355 23609 SH SOLE 0 0 23609 Williams Partners, LP COM 96949l105 620 12793 SH SOLE 0 0 12793 3M Company COM 88579y101 2377 15403 SH SOLE 0 0 15403 ABB Ltd. COM 000375204 507 24300 SH SOLE 0 0 24300 Abbott Laboratories COM 002824100 338 6893 SH SOLE 0 0 6893 Advance Auto Parts COM 00751Y106 8732 54819 SH SOLE 0 0 54819 Aegon COM 007924103 178 24000 SH SOLE 0 0 24000 Affiliated Managers Group, Inc COM 008252108 13892 63550 SH SOLE 0 0 63550 Air Products COM 009158106 227 1661 SH SOLE 0 0 1661 Airgas Inc. COM 009363102 202 1907 SH SOLE 0 0 1907 Alaska Airlines COM 011659109 15128 234790 SH SOLE 0 0 234790 Alexion Pharmaceutical COM 015351109 12916 71450 SH SOLE 0 0 71450 American Airlines Group COM 02376r102 10244 256521 SH SOLE 0 0 256521 American Express COM 025816109 669 8604 SH SOLE 0 0 8604 American Intl. Group COM 026874784 17937 290144 SH SOLE 0 0 290144 Anheuser-Busch InBev COM b5064a925 12256 100789 SH SOLE 0 0 100789 Anheuser-Busch Inbev ADR COM 03524A108 4821 39951 SH SOLE 0 0 39951 Apple Computer COM 037833100 49655 395895 SH SOLE 0 0 395895 Automatic Data Processing COM 053015103 1794 22360 SH SOLE 0 0 22360 Bancorp Inc COM 05969a105 6501 700509 SH SOLE 0 0 700509 Bayer AG COM 072730302 3847 27500 SH SOLE 0 0 27500 Becton Dickinson COM 075887109 1646 11618 SH SOLE 0 0 11618 Blackstone Group COM 09253U108 2258 55250 SH SOLE 0 0 55250 Boeing Company COM 097023105 329 2369 SH SOLE 0 0 2369 Breeze Eastern COM 106764103 135 11704 SH SOLE 0 0 11704 Brkshire Hathaway A COM 084670108 615 3 SH SOLE 0 0 3 Brkshire Hathaway B COM 084670702 3048 22395 SH SOLE 0 0 22395 CVS Health Corp COM 126650100 34295 326994 SH SOLE 0 0 326994 Capital One Financial COM 14040H105 2225 25298 SH SOLE 0 0 25298 Celgne Corp COM 151020104 14481 125120 SH SOLE 0 0 125120 Centurylink Inc COM 156700106 416 14144 SH SOLE 0 0 14144 Chevron COM 166764100 2787 28894 SH SOLE 0 0 28894 Chubb COM 171232101 1021 10735 SH SOLE 0 0 10735 Cisco Systems COM 17275R102 740 26959 SH SOLE 0 0 26959 Citigroup COM 172967424 22055 399260 SH SOLE 0 0 399260 Coca Cola Co. COM 191216100 701 17866 SH SOLE 0 0 17866 Colgate Palmolive COM 194162103 4449 68017 SH SOLE 0 0 68017 Comcast Cl A COM 20030N101 286 4762 SH SOLE 0 0 4762 ConocoPhillips COM 20825C104 2976 48462 SH SOLE 0 0 48462 Costco Wholesale COM 22160K105 3095 22917 SH SOLE 0 0 22917 DST Systems COM 233326107 1215 9645 SH SOLE 0 0 9645 Deere & Co. COM 244199105 389 4008 SH SOLE 0 0 4008 Delta Airlines COM 247361702 10371 252448 SH SOLE 0 0 252448 Dentsply Intl COM 249030107 2456 47640 SH SOLE 0 0 47640 Diageo PLC Spon ADR COM 25243q205 203 1753 SH SOLE 0 0 1753 Diebold COM 253651103 969 27684 SH SOLE 0 0 27684 DirectTV COM 25490a309 936 10082 SH SOLE 0 0 10082 Discovery Comm C COM 25470f302 1035 33290 SH SOLE 0 0 33290 Discovery Holding A COM 25470f104 356 10704 SH SOLE 0 0 10704 Dow Chemical COM 260543103 3965 77490 SH SOLE 0 0 77490 Eli Lilly COM 532457108 7091 84930 SH SOLE 0 0 84930 Emerson Electric Co. COM 291011104 759 13687 SH SOLE 0 0 13687 Estee Lauder COM 518439104 711 8200 SH SOLE 0 0 8200 Exact Sciences Corporation COM 30063p105 552 18575 SH SOLE 0 0 18575 Exelon Corp. COM 30161N101 719 22898 SH SOLE 0 0 22898 Exxon Mobil COM 30231G102 3057 36741 SH SOLE 0 0 36741 F M C Corp COM 302491303 267 5079 SH SOLE 0 0 5079 Facebook COM 30303M102 14334 167130 SH SOLE 0 0 167130 Ferro Corp COM 315405100 1013 60357 SH SOLE 0 0 60357 Fomento Economico Mexicano SA COM 344419106 3775 42370 SH SOLE 0 0 42370 Franklin Resources COM 354613101 1428 29130 SH SOLE 0 0 29130 Gamco Investors A COM 361438104 817 11888 SH SOLE 0 0 11888 General Electric COM 369604103 4770 179532 SH SOLE 0 0 179532 General Mills COM 370334104 253 4544 SH SOLE 0 0 4544 General Motors COM 37045v100 1273 38190 SH SOLE 0 0 38190 Genuine Parts COM 372460105 983 10977 SH SOLE 0 0 10977 Gilead Science COM 375558103 8875 75800 SH SOLE 0 0 75800 GlaxoSmithKline PLC COM 37733w105 737 17700 SH SOLE 0 0 17700 Henry Schein COM 806407102 4495 31625 SH SOLE 0 0 31625 IBM COM 459200101 2398 14744 SH SOLE 0 0 14744 Illinois Tool Works COM 452308109 602 6559 SH SOLE 0 0 6559 Intel Corp. COM 458140100 453 14904 SH SOLE 0 0 14904 Invesco COM G491BT108 1312 34996 SH SOLE 0 0 34996 J.P. Morgan Chase COM 46625h100 31561 465771 SH SOLE 0 0 465771 JPMorgan China Region Fund COM 48126T104 1055 56009 SH SOLE 0 0 56009 Johnson & Johnson COM 478160104 36792 377512 SH SOLE 0 0 377512 KKR & Co. LP COM 48248M102 1837 80400 SH SOLE 0 0 80400 Kimberly Clark COM 494368103 2105 19866 SH SOLE 0 0 19866 LKQ Corporation COM 501889208 2091 69150 SH SOLE 0 0 69150 Lehman Note COM 524ESC100 0 12800 SH SOLE 0 0 12800 Liberty Media Series C COM 531229300 266 7412 SH SOLE 0 0 7412 MFC Ishares TR MSCI Emerging M COM 464287234 255 6430 SH SOLE 0 0 6430 Marriott Intl Class A COM 571903202 5659 76070 SH SOLE 0 0 76070 MasterCard Inc. COM 57636q104 12563 134390 SH SOLE 0 0 134390 McCormick & Co. COM 579780206 11097 137080 SH SOLE 0 0 137080 McDonald's Corp. COM 580135101 391 4115 SH SOLE 0 0 4115 Medtronic COM G5960L103 33204 448099 SH SOLE 0 0 448099 Merck COM 58933y105 3378 59328 SH SOLE 0 0 59328 MetLife COM 59156R108 4158 74258 SH SOLE 0 0 74258 Microsoft COM 594918104 6462 146364 SH SOLE 0 0 146364 Mondelez International Inc. COM 609207105 563 13683 SH SOLE 0 0 13683 Morgan Stanley COM 617446448 8290 213706 SH SOLE 0 0 213706 NVR, Inc. COM 62944t105 3042 2270 SH SOLE 0 0 2270 Nestle Spons ADR COM 641069406 37956 525514 SH SOLE 0 0 525514 Nielsen, N.V. COM n63218106 10081 225163 SH SOLE 0 0 225163 Noble Energy COM 655044105 2225 52130 SH SOLE 0 0 52130 Novartis COM 66987V109 2621 26650 SH SOLE 0 0 26650 OM Group Inc. COM 670872100 715 21293 SH SOLE 0 0 21293 Occidental Petroleum COM 674599105 374 4809 SH SOLE 0 0 4809 Ohr Pharmaceutical Inc. COM 67778h200 64 25561 SH SOLE 0 0 25561 Oracle COM 68389X105 383 9495 SH SOLE 0 0 9495 Pepsico COM 713448108 3676 39378 SH SOLE 0 0 39378 Pfizer COM 717081103 3814 113757 SH SOLE 0 0 113757 Phillips 66 COM 718546104 1660 20601 SH SOLE 0 0 20601 Praxair COM 74005P104 3449 28851 SH SOLE 0 0 28851 Procter & Gamble COM 742718109 7750 99052 SH SOLE 0 0 99052 Qorvo Inc. COM 74736k101 671 8362 SH SOLE 0 0 8362 Resource America COM 761195205 6618 786879 SH SOLE 0 0 786879 Roche Holding AG COM 771195104 7923 226102 SH SOLE 0 0 226102 Royal Dutch Shell COM 780259206 1568 27512 SH SOLE 0 0 27512 SAB Miller PLC/GBP/ COM G77395104 1190 22899 SH SOLE 0 0 22899 SPDR Index Shs S&P China COM 78463X400 2935 33000 SH SOLE 0 0 33000 SPDR S&P 500 ETF COM 78462F103 2985 14500 SH SOLE 0 0 14500 Schlumberger COM 806857108 235 2722 SH SOLE 0 0 2722 Silicon Motion Technologies Co COM 82706c108 439 12675 SH SOLE 0 0 12675 Southwest Airlines COM 844741108 10683 322850 SH SOLE 0 0 322850 State Street Corp COM 857477103 521 6764 SH SOLE 0 0 6764 Stryker Corp COM 863667101 1325 13862 SH SOLE 0 0 13862 SunEdison Semiconductor, Inc. COM y8213l102 2014 116615 SH SOLE 0 0 116615 Suncor Energy Inc. COM 867224107 462 16800 SH SOLE 0 0 16800 Synaptics Incorporated COM 87157d109 631 7277 SH SOLE 0 0 7277 Sysco COM 871829107 1809 50118 SH SOLE 0 0 50118 Thermo Fisher Scientific COM 883556102 19964 153857 SH SOLE 0 0 153857 Tiffany & Co. COM 886547108 777 8469 SH SOLE 0 0 8469 Time Warner Inc. COM 887317303 2613 29899 SH SOLE 0 0 29899 Twenty-First Century Fox COM 90130A101 2223 68297 SH SOLE 0 0 68297 UBS Group AG COM H42097107 9772 460960 SH SOLE 0 0 460960 Unilever NV NY COM 904784709 7682 183605 SH SOLE 0 0 183605 Union Pacific COM 907818108 1369 14356 SH SOLE 0 0 14356 United Continental Holdings, I COM 910047109 10748 202762 SH SOLE 0 0 202762 United Technologies COM 913017109 400 3608 SH SOLE 0 0 3608 UnitedHealth Group COM 91324P102 366 3000 SH SOLE 0 0 3000 Univest Corporation COM 915271100 253 12422 SH SOLE 0 0 12422 Viacom Class B COM 92553p201 525 8116 SH SOLE 0 0 8116 Volkswagen AG Pref COM de0007664 4744 20690 SH SOLE 0 0 20690 W. W. Grainger COM 384802104 483 2041 SH SOLE 0 0 2041 Walt Disney COM 254687106 1553 13604 SH SOLE 0 0 13604 Wells Fargo COM 949746101 1010 17956 SH SOLE 0 0 17956 WisdomTree Germany Hedged Equi COM 97717w448 1339 47050 SH SOLE 0 0 47050 Xinhua China 25 Index Fund COM 464287184 636 13792 SH SOLE 0 0 13792 YUM Brands Inc. COM 988498101 214 2380 SH SOLE 0 0 2380 duPont COM 263534109 3586 56076 SH SOLE 0 0 56076 iShares Russell 1000 Growth In COM 464287614 314 3170 SH SOLE 0 0 3170 iShares Russell 2000 Value COM 464287630 212 2080 SH SOLE 0 0 2080 iShares US Technology COM 464287721 523 5000 SH SOLE 0 0 5000