13F-HR 1 sec13f123112.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2012 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement [ ] adds new holdings entries Institutional Investment Manager Filing this Report: Name: Trees Investment Counsel, LLC Address: 70 West Madison Street Suite 640 Chicago,IL 60602 13F File Number: 28-5659 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: M. Jay Trees Title: Chairman Phone: 312-368-1200 Signature, Place, and Date of Signing: M. Jay Trees, Chicago, 01/23/13 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 56 FORM 13F INFORMATION TABLE VALUE TOTAL: $116,217,704 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME FORM 13F INFORMATION TABLE AS OF DATE: 12/31/12 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M COMPANY COM COM 88579Y101 3372 36314 SH SOLE 1050 0 35264 AT&T INC (NEW) COM 00206R102 250 7421 SH SOLE 3600 0 3821 ABBOTT LABORATORIES COM 002824100 2149 32816 SH SOLE 0 0 32816 ACCENTURE PLC IRELAND COM G1151C101 3398 51104 SH SOLE 0 0 51104 AIR PRODUCTS & CHEMIC COM 009158106 1120 13334 SH SOLE 0 0 13334 ANGLO AMERN PLC ADR N COM 03485P201 1566 101756 SH SOLE 3700 0 98056 APACHE CORP COM 037411105 1911 24350 SH SOLE 800 0 23550 BERKSHIRE HATHAWAY IN COM 084670702 2861 31900 SH SOLE 950 0 30950 BLACKSTONE GROUP L P COM 09253U108 596 38233 SH SOLE 0 0 38233 BP PLC - ADR COM 055622104 559 13424 SH SOLE 0 0 13424 BUNGE LIMITED COM COM G16962105 1985 27301 SH SOLE 0 0 27301 CENTRICA PLC SHS COM G2018Z143 578 106550 SH SOLE 0 0 106550 CENTRICA PLC (NEW) COM 15639K300 789 36387 SH SOLE 0 0 36387 CISCO SYSTEMS, INC COM 17275R102 1757 89400 SH SOLE 3700 0 85700 COCA COLA CO COM 191216100 210 5800 SH SOLE 2000 0 3800 DEERE & COMPANY COM 244199105 2135 24700 SH SOLE 1000 0 23700 DISNEY, WALT, COMPANY COM 254687106 2540 51016 SH SOLE 1900 0 49116 ECOLAB INC COM 278865100 2728 37943 SH SOLE 1700 0 36243 EXXON MOBIL CORPORATI COM 30231G102 3380 39057 SH SOLE 2350 0 36707 GENERAL ELECTRIC COMP COM 369604103 4311 205360 SH SOLE 2500 0 202860 GOLDCORP INC NEW COM COM 380956409 2155 58716 SH SOLE 1600 0 57116 ILLINOIS TOOL WORKS I COM 452308109 2935 48265 SH SOLE 1800 0 46465 INTEL CORP COM 458140100 1726 83704 SH SOLE 3700 0 80004 ISHARES TR MSCI EMERG ETF 464287234 2384 53750 SH SOLE 0 0 53750 J.P. MORGAN CHASE & C COM 46625H100 2964 67403 SH SOLE 2500 0 64903 JOHNSON & JOHNSON COM 478160104 3063 43697 SH SOLE 1500 0 42197 MARKWEST ENERGY PARTN COM 570759100 2234 43800 SH SOLE 1600 0 42200 MDU RES GROUP INC COM COM 552690109 2329 109651 SH SOLE 4400 0 105251 MEDASSETS INC COM COM 584045108 218 13000 SH SOLE 0 0 13000 MERCK & COMPANY COM 58933Y105 692 16900 SH SOLE 0 0 16900 MICROSOFT CORP COM 594918104 618 23156 SH SOLE 4200 0 18956 NATIONAL OILWELL VARC COM 637071101 410 6000 SH SOLE 0 0 6000 NESTLE SA ADR COM 641069406 4043 62092 SH SOLE 1700 0 60392 NORTHERN EQUITY INDEX MUTUAL FUND 665130209 311 30084 SH SOLE 0 0 30084 NORTHERN EQUITY INDEX MUTUAL FUND 665130100 158 11993 SH SOLE 0 0 11993 NORTHERN FDS STK INDE MUTUAL FUND 665162772 345 19535 SH SOLE 0 0 19535 NORTHERN TRUST CORPOR COM 665859104 2789 55600 SH SOLE 0 0 55600 NOVARTIS AG - ADR COM 66987V109 2639 41684 SH SOLE 1700 0 39984 OCCIDENTAL PETROLEUM COM 674599105 2092 27310 SH SOLE 400 0 26910 OMNICOM GROUP COM 681919106 2587 51777 SH SOLE 1900 0 49877 ORACLE CORPORATION COM 68389X105 2517 75550 SH SOLE 1500 0 74050 PEPSICO INC COM 713448108 3274 47842 SH SOLE 667 0 47175 PFIZER INC COM 717081103 2067 82432 SH SOLE 5000 0 77432 QUALCOMM INC COM 747525103 3315 53583 SH SOLE 600 0 52983 RAYONIER INC COM COM 754907103 233 4500 SH SOLE 0 0 4500 ROCKWELL COLLINS INC COM 774341101 2648 45514 SH SOLE 1600 0 43914 SCHLUMBERGER, LTD. COM 806857108 5502 79400 SH SOLE 1200 0 78200 SPDR S&P BIOTECH ETF COM 78464A870 3383 38478 SH SOLE 1600 0 36878 TALISMAN ENERGY INC COM 87425E103 1242 109600 SH SOLE 1800 0 107800 TEVA PHARMACEUTICAL I COM 881624209 1651 44205 SH SOLE 2250 0 41955 VISA INC COM CL A COM 92826C839 3950 26056 SH SOLE 1150 0 24906 VODAFONE GROUP INC COM 92857W209 2677 106284 SH SOLE 0 0 106284 WAL MART STORES, INC. COM 931142103 343 5025 SH SOLE 2025 0 3000 WALGREEN CO COM 931422109 2248 60737 SH SOLE 1700 0 59037 WELLS FARGO NEW COM 949746101 3166 92615 SH SOLE 3200 0 89415 YUM BRANDS INC COM COM 988498101 3114 46905 SH SOLE 1700 0 45205