Executive Director

0001390965-13-000004.txt : 20130808 0001390965-13-000004.hdr.sgml : 20130808 20130808130329 ACCESSION NUMBER: 0001390965-13-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130630 FILED AS OF DATE: 20130808 DATE AS OF CHANGE: 20130808 EFFECTIVENESS DATE: 20130808 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: 131020993 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 true false 0001058800 XXXXXXXX 06-30-2013 06-30-2013 BEACH INVESTMENT COUNSEL INC/PA

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

13F HOLDINGS REPORT 028-03561 N Michael Dewey Executive Director 610-940-1111 Michael M. Dewey West Conshohocken PA 08-08-2013 0 184 936288 false INFORMATION TABLE 2 inftable.xml 2Q 2013 13F AGL Resources COM 001204106 1107 25824 SH SOLE 0 0 25824 AllianceBernstein Holdings, LP COM 01881g106 493 23702 SH SOLE 0 0 23702 Atlas Pipeline Partners LP COM 049392103 389 10194 SH SOLE 0 0 10194 Costamare Inc. COM y1771g102 454 26339 SH SOLE 0 0 26339 Crestwood Midstream Partners L COM 226372100 370 14819 SH SOLE 0 0 14819 DCP Midstream Partners, LP COM 23311P100 39884 737234 SH SOLE 0 0 737234 Dominion Resources COM 25746u109 304 5350 SH SOLE 0 0 5350 Duke Realty COM 264411505 949 60850 SH SOLE 0 0 60850 Eagle Rock Energy Partners, LP COM 26985r104 365 46421 SH SOLE 0 0 46421 Enbridge Energy Mgmt. COM 29250x103 1486 49077 SH SOLE 0 0 49077 Enbridge Energy Partners L.P. COM 29250R106 479 15700 SH SOLE 0 0 15700 Energy Transfer Equity LP COM 29273V100 30616 511795 SH SOLE 0 0 511795 Enterprise Prod Partners COM 293792107 60990 981334 SH SOLE 0 0 981334 Golar LNG Partners LP COM y2745c102 424 12441 SH SOLE 0 0 12441 Inergy L.P. COM 456615103 1118 69802 SH SOLE 0 0 69802 Inergy Midstream LP COM 45671u106 670 30140 SH SOLE 0 0 30140 Kinder Morgan Energy Partners COM 494550106 283 3315 SH SOLE 0 0 3315 Kinder Morgan Mgmt COM 49455u100 4082 48839 SH SOLE 0 0 48839 Liberty Property Tr COM 531172104 2690 72783 SH SOLE 0 0 72783 Magellan Midstream Partners, L COM 559080106 54994 1009070 SH SOLE 0 0 1009070 MarkWest Energy Partners LP COM 570759100 2227 33318 SH SOLE 0 0 33318 NextEra Energy COM 65339F101 5246 64388 SH SOLE 0 0 64388 Northstar Realty Finance Corp. COM 66704r100 3467 381000 SH SOLE 0 0 381000 Nustar Energy LP COM 67058H102 413 9050 SH SOLE 0 0 9050 Nustar GP Holdings LLC COM 67059l102 1251 46820 SH SOLE 0 0 46820 PVR Partners LP COM 693665101 1162 42558 SH SOLE 0 0 42558 Pioneer Southwest Energy Partn COM 72388B106 4114 120005 SH SOLE 0 0 120005 Plains All American Pipeline L COM 726503105 48883 875888 SH SOLE 0 0 875888 Resource Capital COM 76120W302 4953 805331 SH SOLE 0 0 805331 Spectra Energy COM 847560109 286 8300 SH SOLE 0 0 8300 StoneMor Partners LP COM 86183q100 427 16966 SH SOLE 0 0 16966 Surburban Propane Partners LP COM 864482104 683 14697 SH SOLE 0 0 14697 Teekay LNG Partners COM y8564m105 209 4780 SH SOLE 0 0 4780 Teekay Offshore Partners, L.P. COM y8565j101 1773 54591 SH SOLE 0 0 54591 Two Harbors Investment Corp. COM 90187B101 1228 119850 SH SOLE 0 0 119850 Vodafone Group PLC COM 92857w209 4835 168190 SH SOLE 0 0 168190 Williams Partners, LP COM 96950f104 694 13456 SH SOLE 0 0 13456 3M Company COM 88579y101 1679 15356 SH SOLE 0 0 15356 ABB Ltd. COM 000375204 635 29300 SH SOLE 0 0 29300 AbbVie, Inc. COM 00287y109 305 7380 SH SOLE 0 0 7380 Abbott Laboratories COM 002824100 7945 227788 SH SOLE 0 0 227788 Advance Auto Parts COM 00751Y106 920 11338 SH SOLE 0 0 11338 Aegon COM 007924103 162 24000 SH SOLE 0 0 24000 Airgas Inc. COM 009363102 330 3457 SH SOLE 0 0 3457 Allergan Inc. COM 018490102 11609 137810 SH SOLE 0 0 137810 Amazon.com Inc. COM 023135106 476 1715 SH SOLE 0 0 1715 American Express COM 025816109 684 9150 SH SOLE 0 0 9150 American Intl. Group COM 026874784 42478 950297 SH SOLE 0 0 950297 Anadarko Petroleum COM 032511107 245 2850 SH SOLE 0 0 2850 Anheuser-Busch InBev COM b5064a925 12259 135464 SH SOLE 0 0 135464 Anheuser-Busch Inbev ADR COM 03524A108 12815 141980 SH SOLE 0 0 141980 Apple Computer COM 037833100 3581 9031 SH SOLE 0 0 9031 Arch Capital Group COM g0450a105 231 4500 SH SOLE 0 0 4500 Automatic Data Processing COM 053015103 2258 32786 SH SOLE 0 0 32786 Bancorp Inc COM 05969a105 10092 673248 SH SOLE 0 0 673248 Bank of America COM 060505104 13896 1080560 SH SOLE 0 0 1080560 Becton Dickinson COM 075887109 1170 11843 SH SOLE 0 0 11843 Biogen Idec Inc. COM 09062X103 603 2800 SH SOLE 0 0 2800 BlackRock, Inc. COM 09247x101 17396 67730 SH SOLE 0 0 67730 Boeing Company COM 097023105 576 5623 SH SOLE 0 0 5623 Brkshire Hathaway A COM 084670108 506 3 SH SOLE 0 0 3 Brkshire Hathaway B COM 084670702 2523 22541 SH SOLE 0 0 22541 CVS/Caremark COM 126650100 19444 340047 SH SOLE 0 0 340047 Canadian Oil Sands Trust Ltd COM 13643E105 1845 99406 SH SOLE 0 0 99406 Capital One Financial COM 14040H105 9523 151620 SH SOLE 0 0 151620 Celgne Corp COM 151020104 222 1900 SH SOLE 0 0 1900 Chevron COM 166764100 4229 35733 SH SOLE 0 0 35733 Chubb COM 171232101 963 11374 SH SOLE 0 0 11374 Cisco Systems COM 17275R102 418 17157 SH SOLE 0 0 17157 Citigroup COM 172967424 45009 938265 SH SOLE 0 0 938265 Coca Cola Co. COM 191216100 1503 37476 SH SOLE 0 0 37476 Colgate Palmolive COM 194162103 4619 80628 SH SOLE 0 0 80628 Comcast Cl A COM 20030N101 593 14213 SH SOLE 0 0 14213 Comerica Inc. COM 200340107 497 12480 SH SOLE 0 0 12480 ConocoPhillips COM 20825C104 3776 62412 SH SOLE 0 0 62412 Costco Wholesale COM 22160K105 2556 23117 SH SOLE 0 0 23117 Covidien Ltd. COM g2554f113 402 6400 SH SOLE 0 0 6400 Crown Holdings Inc . COM 228368106 8083 196521 SH SOLE 0 0 196521 Cummins Inc. COM 231021106 370 3410 SH SOLE 0 0 3410 DST Systems COM 233326107 630 9645 SH SOLE 0 0 9645 Deere & Co. COM 244199105 301 3709 SH SOLE 0 0 3709 Delta Airlines COM 247361702 23588 1260690 SH SOLE 0 0 1260690 Dentsply Intl COM 249030107 2013 49140 SH SOLE 0 0 49140 DirectTV COM 25490a309 645 10465 SH SOLE 0 0 10465 Discovery Comm C COM 25470f302 801 11479 SH SOLE 0 0 11479 Discovery Holding A COM 25470f104 841 10890 SH SOLE 0 0 10890 Eastern Insurance Holdings COM 276534104 826 44032 SH SOLE 0 0 44032 Edwards Lifesciences COM 28176E108 393 5850 SH SOLE 0 0 5850 Emerson Electric Co. COM 291011104 679 12450 SH SOLE 0 0 12450 Estee Lauder COM 518439104 926 14080 SH SOLE 0 0 14080 Express Scripts Holding COM 30219G108 218 3532 SH SOLE 0 0 3532 Exxon Mobil COM 30231G102 3775 41787 SH SOLE 0 0 41787 F.N.B. Corp. COM 302520101 422 34968 SH SOLE 0 0 34968 Fedex COM 31428x106 263 2663 SH SOLE 0 0 2663 Ferro Corp COM 315405100 1749 251673 SH SOLE 0 0 251673 Fifth Third Bancorp COM 316773100 253 14010 SH SOLE 0 0 14010 Fomento Economico Mexicano SA COM 344419106 4718 45720 SH SOLE 0 0 45720 Ford Motor Co. COM 345370860 10096 652600 SH SOLE 0 0 652600 Franklin Resources COM 354613101 1516 11143 SH SOLE 0 0 11143 Gamco Investors A COM 361438104 836 15088 SH SOLE 0 0 15088 General Electric COM 369604103 9030 389387 SH SOLE 0 0 389387 General Mills COM 370334104 230 4744 SH SOLE 0 0 4744 Genuine Parts COM 372460105 830 10627 SH SOLE 0 0 10627 Gilead Science COM 375558103 655 12780 SH SOLE 0 0 12780 Goldman Sachs Inc. COM 38141G104 12581 83180 SH SOLE 0 0 83180 Google COM 38259P508 26248 29815 SH SOLE 0 0 29815 Henry Schein COM 806407102 3583 37425 SH SOLE 0 0 37425 IBM COM 459200101 6613 34603 SH SOLE 0 0 34603 Illinois Tool Works COM 452308109 474 6859 SH SOLE 0 0 6859 Intel Corp. COM 458140100 473 19504 SH SOLE 0 0 19504 Invesco COM G491BT108 979 30796 SH SOLE 0 0 30796 J.P. Morgan Chase COM 46625h100 26747 506673 SH SOLE 0 0 506673 JF China Region Fund COM 46614T107 1053 79909 SH SOLE 0 0 79909 Jabil Circuits Inc. COM 466313103 373 18299 SH SOLE 0 0 18299 Johnson & Johnson COM 478160104 48260 562081 SH SOLE 0 0 562081 KKR & Co. LP COM 48248M102 885 45000 SH SOLE 0 0 45000 Kimberly Clark COM 494368103 1909 19648 SH SOLE 0 0 19648 Kraft Foods Group, Inc. COM 50076q106 405 7248 SH SOLE 0 0 7248 Kunlun Energy COM g5320c108 800 476000 SH SOLE 0 0 476000 LKQ Corporation COM 501889208 677 26300 SH SOLE 0 0 26300 Lehman Note COM 524ESC100 0 12800 SH SOLE 0 0 12800 Liberty Media COM 531229102 479 3782 SH SOLE 0 0 3782 LinkedIn COM 53578A108 797 4470 SH SOLE 0 0 4470 MasterCard Inc. COM 57636q104 9649 16795 SH SOLE 0 0 16795 McCormick & Co. COM 579780206 714 10150 SH SOLE 0 0 10150 McDonald's Corp. COM 580135101 540 5457 SH SOLE 0 0 5457 Medtronic COM 585055106 526 10219 SH SOLE 0 0 10219 Merck COM 58933y105 2869 61763 SH SOLE 0 0 61763 MetLife COM 59156R108 462 10100 SH SOLE 0 0 10100 Micron Technology Inc. COM 595112103 1030 71888 SH SOLE 0 0 71888 Microsoft COM 594918104 444 12840 SH SOLE 0 0 12840 Mondelez International Inc. COM 609207105 5001 175282 SH SOLE 0 0 175282 Monsanto COM 61166W101 476 4820 SH SOLE 0 0 4820 Nestle Spons ADR COM 641069406 22406 342209 SH SOLE 0 0 342209 Noble Energy COM 655044105 3928 65430 SH SOLE 0 0 65430 Novartis COM 66987V109 2329 32934 SH SOLE 0 0 32934 Occidental Petroleum COM 674599105 1705 19110 SH SOLE 0 0 19110 Oracle COM 68389X105 606 19745 SH SOLE 0 0 19745 Pepsico COM 713448108 3431 41954 SH SOLE 0 0 41954 Pfizer COM 717081103 4114 146888 SH SOLE 0 0 146888 Philip Morris COM 718172109 9104 105100 SH SOLE 0 0 105100 Phillips 66 COM 718546104 1738 29495 SH SOLE 0 0 29495 Praxair COM 74005P104 3311 28751 SH SOLE 0 0 28751 Precision Castparts COM 740189105 723 3200 SH SOLE 0 0 3200 Procter & Gamble COM 742718109 8418 109334 SH SOLE 0 0 109334 Qualcomm COM 747525103 327 5350 SH SOLE 0 0 5350 Range Resources Corp. COM 75281a109 703 9090 SH SOLE 0 0 9090 Resource America COM 761195205 2438 286765 SH SOLE 0 0 286765 Roche Holding AG COM 771195104 19548 314815 SH SOLE 0 0 314815 Rockwell International COM 773903109 492 5920 SH SOLE 0 0 5920 Royal Dutch Shell COM 780259206 1905 29862 SH SOLE 0 0 29862 SAB Miller PLC/GBP/ COM G77395104 1134 23719 SH SOLE 0 0 23719 SPDR Index Shs S&P China COM 78463X400 1833 28600 SH SOLE 0 0 28600 SPDR S&P 500 ETF COM 78462F103 1710 10660 SH SOLE 0 0 10660 Schlumberger COM 806857108 334 4662 SH SOLE 0 0 4662 Silicon Motion Technologies Co COM 82706c108 588 55481 SH SOLE 0 0 55481 Staples COM 855030102 931 58659 SH SOLE 0 0 58659 Starbucks Corp. COM 855244109 458 6990 SH SOLE 0 0 6990 State Street Corp COM 857477103 382 5864 SH SOLE 0 0 5864 Stryker Corp COM 863667101 867 13412 SH SOLE 0 0 13412 Suncor Energy Inc. COM 867224107 1268 43012 SH SOLE 0 0 43012 Sysco COM 871829107 3354 98191 SH SOLE 0 0 98191 Tellabs COM 879664100 30 15200 SH SOLE 0 0 15200 Thermo Fisher Scientific COM 883556102 2936 34697 SH SOLE 0 0 34697 Tiffany & Co. COM 886547108 631 8669 SH SOLE 0 0 8669 Time Warner Cable, Inc. COM 88732j207 446 3968 SH SOLE 0 0 3968 Time Warner Inc. COM 887317303 1694 29299 SH SOLE 0 0 29299 Tronox Inc. COM Q9235V101 2039 101206 SH SOLE 0 0 101206 Tyco International COM h89128104 217 6600 SH SOLE 0 0 6600 Unilever NV NY COM 904784709 4792 121909 SH SOLE 0 0 121909 Union Pacific COM 907818108 895 5803 SH SOLE 0 0 5803 United Continental Holdings, I COM 910047109 23539 752280 SH SOLE 0 0 752280 United Technologies COM 913017109 441 4745 SH SOLE 0 0 4745 UnitedHealth Group COM 91324P102 853 13020 SH SOLE 0 0 13020 Vanguard FTSE Emerging Markets COM 922042858 398 10254 SH SOLE 0 0 10254 Viacom Class B COM 92553p201 552 8116 SH SOLE 0 0 8116 Visa COM 92826c839 17137 93775 SH SOLE 0 0 93775 W. W. Grainger COM 384802104 534 2116 SH SOLE 0 0 2116 Walt Disney COM 254687106 833 13194 SH SOLE 0 0 13194 Wells Fargo COM 949746101 18365 444996 SH SOLE 0 0 444996 Williams Companies Inc COM 969457100 250 7702 SH SOLE 0 0 7702 Xinhua China 25 Index Fund COM 464287184 1484 45624 SH SOLE 0 0 45624 ZAGG Inc. COM 98884u108 397 74257 SH SOLE 0 0 74257 duPont COM 263534109 3027 57649 SH SOLE 0 0 57649