13F-HR 1 fp0003591_13fhr.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: September 30, 2011 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: Baltimore-Washington Financial Advisors, Inc. Address: 5950 Symphony Woods Road Suite 600 Columbia, Maryland 21044 Form 13F File Number: 028-13116 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: Robert Cassel Title: Chief Compliance Officer Phone: 410-461-3900 Signature, Place, and Date of Signing: /s/ Robert Cassel Columbia, MD October 17, 2011 ----------------- ------------ ---------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ----------- Form 13F Information Table Entry Total: 174 ----------- Form 13F Information Table Value Total: $ 150,781 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the names(s) and Form 13F file numbers(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------------- -------- --------- ----------- -------------------- ---------- -------- ---------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------- -------- --------- ----------- ----------- --- ---- ---------- -------- ---- ------ ---- Apple Computer Inc Equities 037833100 388 1017 SH N/A Yes N/A Yes N/A N/A Aegon NV 6.50% Tr Pfd Equities 007924400 1,387 71410 SH N/A Yes N/A Yes N/A N/A AES TR III 6.75% Tr Pfd Conv Equities 00808N202 10 200 SH N/A Yes N/A Yes N/A N/A Amgen Equities 031162100 2,010 36575 SH N/A Yes N/A Yes N/A N/A Apache Corp. Equities 037411105 58 725 SH N/A Yes N/A Yes N/A N/A Accuray Inc COM Equities 004397105 1 164 SH N/A Yes N/A Yes N/A N/A Ares Capital Corp Equities 04010L103 1,403 101901 SH N/A Yes N/A Yes N/A N/A American Scientific Resources Equities 029441201 0 1085 SH N/A Yes N/A Yes N/A N/A Avon Products, Inc. Equities 054303102 2 100 SH N/A Yes N/A Yes N/A N/A American Express Co Equities 025816109 11 250 SH N/A Yes N/A Yes N/A N/A Boeing Equities 097023105 5 76 SH N/A Yes N/A Yes N/A N/A BankAmerica Corp Equities 060505104 263 42908 SH N/A Yes N/A Yes N/A N/A BAC Capital Trust II Prf Calla Equities 055188205 12 600 SH N/A Yes N/A Yes N/A N/A Bayer AG Equities 072730302 1,238 22580 SH N/A Yes N/A Yes N/A N/A Barclay's PCL 7.1% Pfd Equities 06739H776 2,396 113330 SH N/A Yes N/A Yes N/A N/A BHP Billiton Ltd. ADR Equities 088606108 40 600 SH N/A Yes N/A Yes N/A N/A Bank of New York Equities 064058100 11 566 SH N/A Yes N/A Yes N/A N/A Bristol Meyers Equities 110122108 3,973 126599 SH N/A Yes N/A Yes N/A N/A Buckeye Ptnrs LP Equities 118230101 3,599 57575 SH N/A Yes N/A Yes N/A N/A Berkshire Hathaway CL B Equities 084670207 82 1150 SH N/A Yes N/A Yes N/A N/A Citigroup Equities 172967101 36 1400 SH N/A Yes N/A Yes N/A N/A Cheesecake Factory INC Equities 163072101 37 1486 SH N/A Yes N/A Yes N/A N/A Cal-Maine Foods, Inc Equities 128030202 4,012 127663 SH N/A Yes N/A Yes N/A N/A Caterpillar Inc Equities 149123101 2,217 30028 SH N/A Yes N/A Yes N/A N/A Constellation Energy Equities 210371100 38 1000 SH N/A Yes N/A Yes N/A N/A Chesapeake Energy Corp Equities 165167107 91 3550 SH N/A Yes N/A Yes N/A N/A Colgate Palmolive Co Equities 194162103 3,766 42467 SH N/A Yes N/A Yes N/A N/A Comcast Corp-CL A Equities 20030N101 0 4 SH N/A Yes N/A Yes N/A N/A Rockwell Collins Inc Equities 774341101 16 304 SH N/A Yes N/A Yes N/A N/A ConocoPhillips Equities 20825C104 3,646 57587 SH N/A Yes N/A Yes N/A N/A Campbell Soup Co. Equities 134429109 1,710 52837 SH N/A Yes N/A Yes N/A N/A Calpine INC COM Equities 131347106 7 490 SH N/A Yes N/A Yes N/A N/A Citigroup Cap XX Pfd 7.875% Ca Equities 173085200 8 300 SH N/A Yes N/A Yes N/A N/A Copart, Inc. Equities 217204106 2,850 72850 SH N/A Yes N/A Yes N/A N/A Cisco Systems Equities 17275R102 2,118 136635 SH N/A Yes N/A Yes N/A N/A CoStar Group Inc Equities 22160N109 16 300 SH N/A Yes N/A Yes N/A N/A Chevron Texaco Corp Equities 166764100 49 530 SH N/A Yes N/A Yes N/A N/A Dominion Res Inc VA Equities 25746U109 5,162 101680 SH N/A Yes N/A Yes N/A N/A Du Pont E I De Nemours Equities 263534307 5 116 SH N/A Yes N/A Yes N/A N/A Dupont E I DE Nemours & CO $4. Equities 263534307 2 20 SH N/A Yes N/A Yes N/A N/A Diamonds Tr Ser. I Equities 252787106 5 50 SH N/A Yes N/A Yes N/A N/A Digital Realty Tr.,Inc Equities 253868103 2,502 45355 SH N/A Yes N/A Yes N/A N/A Dow Chemical Co Equities 260543103 1,991 88660 SH N/A Yes N/A Yes N/A N/A DirecTV Group Inc Equities 25459L106 8 195 SH N/A Yes N/A Yes N/A N/A Duke Energy Equities 26441C105 11 553 SH N/A Yes N/A Yes N/A N/A Devon Energy Corp Equities 25179M103 55 1000 SH N/A Yes N/A Yes N/A N/A Ishares Tr Dow Jones Sel Divid Equities 464287168 1,200 24873 SH N/A Yes N/A Yes N/A N/A Deutsche Bk Cont 6.55% Pfd Equities 25153X208 2,653 128455 SH N/A Yes N/A Yes N/A N/A Consolidated Edison Equities 209115104 838 14692 SH N/A Yes N/A Yes N/A N/A iShares MSCI EAFE Idx ETF ETF 464287465 0 1000 SH N/A Yes N/A Yes N/A N/A Efotoxpress Inc Equities 28224W100 4 350 SH N/A Yes N/A Yes N/A N/A Eagle Bancorp INC (MD) COM Equities 268948106 6 357 SH N/A Yes N/A Yes N/A N/A Templeton Emerging Mkts Equities 880191101 6 400 SH N/A Yes N/A Yes N/A N/A Gugggenheim Canadian Energy In Equities 18383Q606 1,206 32535 SH N/A Yes N/A Yes N/A N/A Express Scripts Cl A Equities 302182100 588 19745 SH N/A Yes N/A Yes N/A N/A iShrs Canada Indx Fd ETF ETF 464286509 3,445 80853 SH N/A Yes N/A Yes N/A N/A Corporate Executive Brd Equities 21988R102 38 3960 SH N/A Yes N/A Yes N/A N/A Exelon Corp Equities 30161N101 7,244 1051328 SH N/A Yes N/A Yes N/A N/A Ford Equities 345370860 52 1700 SH N/A Yes N/A Yes N/A N/A AberdeenAsia PacificPrime Equities 318653102 0 60 SH N/A Yes N/A Yes N/A N/A Freeport-McMoRan Copper & Gold Equities 35671D857 19 1000 SH N/A Yes N/A Yes N/A N/A Frontier Communications Corp Equities 35906A108 299 3075 SH N/A Yes N/A Yes N/A N/A Cedar Fair LP Equities 150185106 66 4341 SH N/A Yes N/A Yes N/A N/A Currency Shares Aus Dollar Tru Equities 23129U101 1,808 75180 SH N/A Yes N/A Yes N/A N/A General Electric Equities 369604103 44 85 SH N/A Yes N/A Yes N/A N/A SPDR Gold Shares ETF ETF 78463V107 4,342 86021 SH N/A Yes N/A Yes N/A N/A Gentex Corp Com Equities 371901109 0 8 SH N/A Yes N/A Yes N/A N/A Google, Inc. CL A Equities 38259P508 489 2795 SH N/A Yes N/A Yes N/A N/A Heinz HJ Co Equities 423074103 589 30830 SH N/A Yes N/A Yes N/A N/A H & R Block Equities 093671105 2 50 SH N/A Yes N/A Yes N/A N/A Int'l. Business Machines Equities 459200101 0 5000 SH N/A Yes N/A Yes N/A N/A iShrs Chn &Steers Rlty ETF ETF 464287564 9 400 SH N/A Yes N/A Yes N/A N/A ING Groep 7.375% NV Pfd Equities 456837707 2,850 133577 SH N/A Yes N/A Yes N/A N/A Ishares Euro 350 Index Fd Equities 464287861 99 1350 SH N/A Yes N/A Yes N/A N/A Integrated Health Services Equities 45812C106 2,502 94867 SH N/A Yes N/A Yes N/A N/A iShrs S&P Sm Cp 600 Idx ETF ETF 464287804 21 1000 SH N/A Yes N/A Yes N/A N/A iShrs S&P Sm Cp 600 VL ETF ETF 464287879 65 2151 SH N/A Yes N/A Yes N/A N/A Bank of America Corp 6.5% Equities 060505401 25 1000 SH N/A Yes N/A Yes N/A N/A Intel Corp Equities 458140100 51 750 SH N/A Yes N/A Yes N/A N/A iShrs Russell 100 Val ETF ETF 464287598 44 650 SH N/A Yes N/A Yes N/A N/A iShrs Rssl 2000 Idx Fd ETF ETF 464287655 2,074 42238 SH N/A Yes N/A Yes N/A N/A Ishrs Rusll 2000 SmCap Gr Idx Equities 464287648 1,783 22555 SH N/A Yes N/A Yes N/A N/A iShrs Russ MidCap Idx ETF ETF 464287499 12 169 SH N/A Yes N/A Yes N/A N/A iShrs Rusl MidCp VL Idx ETF ETF 464287473 27 351 SH N/A Yes N/A Yes N/A N/A Johnson Controls, Inc. Equities 478366107 0 42 SH N/A Yes N/A Yes N/A N/A John Hancock Investors Trust Equities 410142103 2 300 SH N/A Yes N/A Yes N/A N/A JP Morgan Equities 46625H100 5 300 SH N/A Yes N/A Yes N/A N/A JPMorgan Cap Tr 7% Pfd Equities 46623D200 50 571 SH N/A Yes N/A Yes N/A N/A Kinder Morgan Energy Prtnrs Equities 494550106 2,671 148248 SH N/A Yes N/A Yes N/A N/A Coca-Cola Equities 191216100 10 310 SH N/A Yes N/A Yes N/A N/A Kohl's Corp Equities 500255104 0 200 SH N/A Yes N/A Yes N/A N/A Lab Corp of America Equities 50540R409 3,810 82547 SH N/A Yes N/A Yes N/A N/A Lockheed Martin Corp Equities 539830109 16 350 SH N/A Yes N/A Yes N/A N/A LinkedIn Corp Com Equities 53578A108 2,658 37027 SH N/A Yes N/A Yes N/A N/A Level 3 Comm. INC Equities 52729N100 3 100 SH N/A Yes N/A Yes N/A N/A Live Nation Equities 538034109 1,533 56649 SH N/A Yes N/A Yes N/A N/A Main Stree Capital Corp. Equities 56035L104 16 500 SH N/A Yes N/A Yes N/A N/A McDonald's Equities 580135101 2,330 107972 SH N/A Yes N/A Yes N/A N/A Allscripts Hlthcare Sol Equities 01988P108 28 1120 SH N/A Yes N/A Yes N/A N/A Medtronic Inc. Equities 585055106 0 30 SH N/A Yes N/A Yes N/A N/A Medis Technologies Ltd Equities 58500P107 51 729 SH N/A Yes N/A Yes N/A N/A S&P Mid Cap 400 ETF ETF 78467Y107 21 800 SH N/A Yes N/A Yes N/A N/A McCormick Equities 579780206 1 1000 SH N/A Yes N/A Yes N/A N/A McCormick & Co Inc Voting Equities 579780107 1,791 105440 SH N/A Yes N/A Yes N/A N/A 3M Company Equities 88579Y101 1,863 69135 SH N/A Yes N/A Yes N/A N/A Altria Group Inc. Equities 02209S103 15 1036 SH N/A Yes N/A Yes N/A N/A Marathon Pete Corp COM Equities n/a 1,496 42778 SH N/A Yes N/A Yes N/A N/A Merck & Co Inc Equities 589331107 27 2000 SH N/A Yes N/A Yes N/A N/A Marathon Oil Equities 565849106 123 5646 SH N/A Yes N/A Yes N/A N/A Microsoft Equities 594918104 2,312 128381 SH N/A Yes N/A Yes N/A N/A Martha Stewart Liv Cl A Equities 573083102 38 4057 SH N/A Yes N/A Yes N/A N/A M&T Bank Corp. Equities 55261F104 24 825 SH N/A Yes N/A Yes N/A N/A M&T Cap Trust IV Pfd 8.5% Call Equities 55292C203 4,557 77350 SH N/A Yes N/A Yes N/A N/A Microvision Equities 594960106 35 1010 SH N/A Yes N/A Yes N/A N/A Mylan Labs Equities 628530107 4,307 69584 SH N/A Yes N/A Yes N/A N/A NII Holdings, Inc. Equities 62913F201 150 2370 SH N/A Yes N/A Yes N/A N/A Nuveen MD Prem Income Mun Fd Equities 67061Q107 6 100 SH N/A Yes N/A Yes N/A N/A Northern Trust Co Equities 665859104 48 1000 SH N/A Yes N/A Yes N/A N/A Nuveen MD Divi Ad Mun Fd Equities 67070V105 597 23840 SH N/A Yes N/A Yes N/A N/A Corporate Office Prptys. Equities 22002T108 0 40 SH N/A Yes N/A Yes N/A N/A Olin Corp. Equities 680665205 2 2000 SH N/A Yes N/A Yes N/A N/A Old Nat'l Bank Corp Ind Co Equities 680033107 108 8375 SH N/A Yes N/A Yes N/A N/A Oracle Corporation Equities 68389X105 2,627 46916 SH N/A Yes N/A Yes N/A N/A Plains All Amer Pipeline LP Equities 726503105 47 800 SH N/A Yes N/A Yes N/A N/A Plum Creek Timber Co Equities 729251108 3,341 90825 SH N/A Yes N/A Yes N/A N/A Pepsico Incorporated Equities 713448108 58 650 SH N/A Yes N/A Yes N/A N/A Proctor & Gamble Equities 742718109 4 2680 SH N/A Yes N/A Yes N/A N/A Philip Morris Equities 718172109 42 1000 SH N/A Yes N/A Yes N/A N/A PNC Bank Corp Equities 693475105 1,668 35950 SH N/A Yes N/A Yes N/A N/A Market Vectors Prerefunded Mun Equities 57060U738 30 267 SH N/A Yes N/A Yes N/A N/A NASDAQ 100 Tr ETF ETF 631100104 2,002 55317 SH N/A Yes N/A Yes N/A N/A Quantum Fuel Systems Tech Co Equities 74765E109 2,814 87497 SH N/A Yes N/A Yes N/A N/A Rite Aid Corp. Equities 767754104 2,973 63086 SH N/A Yes N/A Yes N/A N/A Cohen & Steers REIT & PIF Equities 19247X100 1,978 121330 SH N/A Yes N/A Yes N/A N/A Rockwell Automation Inc. Equities 773903109 4 150 SH N/A Yes N/A Yes N/A N/A Range Resources Corp Com Equities 75281A109 1,661 33875 SH N/A Yes N/A Yes N/A N/A Rayonier Inc. Equities 754907103 13 619 SH N/A Yes N/A Yes N/A N/A Siemens A.G. ADR Equities 826197501 3,083 115672 SH N/A Yes N/A Yes N/A N/A Sirius Satellite Radio Equities 82967N108 10 317 SH N/A Yes N/A Yes N/A N/A The Southern Company Equities 842587107 22 264 SH N/A Yes N/A Yes N/A N/A Suburban Propane Equities 864482104 2,308 32803 SH N/A Yes N/A Yes N/A N/A S & P Depository Recpts ETF 78462F103 7 102 SH N/A Yes N/A Yes N/A N/A St. Jude Medical, Inc. Equities 790849103 38 1545 SH N/A Yes N/A Yes N/A N/A State Street Boston Equities 857477103 3 133 SH N/A Yes N/A Yes N/A N/A Stryker Corp Equities 863667101 4 175 SH N/A Yes N/A Yes N/A N/A Symantec Corp Equities 871503108 9 250 SH N/A Yes N/A Yes N/A N/A AT&T Equities 00206R102 1,966 113625 SH N/A Yes N/A Yes N/A N/A Target Corp Equities 87612E106 447 18520 SH N/A Yes N/A Yes N/A N/A iShrs Lehman 20YR Trsy ETF ETF 464287432 7 265 SH N/A Yes N/A Yes N/A N/A Tower Bankcorp Inc. Equities 891709107 0 2 SH N/A Yes N/A Yes N/A N/A Texas Instruments Equities 882508104 53 1800 SH N/A Yes N/A Yes N/A N/A UIL Holdings Corp Equities 902748102 839 11549 SH N/A Yes N/A Yes N/A N/A Union Pacific Equities 907818108 3 1000 SH N/A Yes N/A Yes N/A N/A United Technologies Corp Equities 913017109 2 2101 SH N/A Yes N/A Yes N/A N/A Vanguard Materials Index Equities 92204A801 1,820 38097 SH N/A Yes N/A Yes N/A N/A Vgd Sm Cap Value ETF ETF 922908611 9 350 SH N/A Yes N/A Yes N/A N/A Vanguard Financials Index Equities 92204A405 47 300 SH N/A Yes N/A Yes N/A N/A Vornado Realty Trust PFD 6.625 Equities 929042877 164 2665 SH N/A Yes N/A Yes N/A N/A Vanguard Reit Index ETF ETF 922908553 25 425 SH N/A Yes N/A Yes N/A N/A Vanguard Mid Cap ETF ETF 922908629 7 110 SH N/A Yes N/A Yes N/A N/A Vodafone Group PLC ADS Equities 92857W100 24 425 SH N/A Yes N/A Yes N/A N/A Vanguard Lg Cap ETF ETF 922908637 8 118 SH N/A Yes N/A Yes N/A N/A Vanguard Lg Cap ETF ETF 922908637 434 4920 SH N/A Yes N/A Yes N/A N/A Vng'd Emerg Mkts Stk ETF ETF 922042858 158 4090 SH N/A Yes N/A Yes N/A N/A Verizon Communications Equities 92343V104 359 2523 SH N/A Yes N/A Yes N/A N/A Websense Inc. Equities 947684106 739 14077 SH N/A Yes N/A Yes N/A N/A Wells Fargo Equities 949746101 17 140 SH N/A Yes N/A Yes N/A N/A Washington Real Estate Equities 939653101 473 8513 SH N/A Yes N/A Yes N/A N/A Xcorporeal, Inc. Equities 98400P104 8 160 SH N/A Yes N/A Yes N/A N/A AMEX SPDR Consumer Staples Ind Equities 91369Y308 209 3207 SH N/A Yes N/A Yes N/A N/A AMEX Hlthcare Selct ETF ETF 81369Y209 2,143 41493 SH N/A Yes N/A Yes N/A N/A Exxon Mobil Corp Equities 30231G102 23 450 SH N/A Yes N/A Yes N/A N/A Zix Corporation COM Equities 98974P100 3,149 87895 SH N/A Yes N/A Yes N/A N/A G-REIT INC NSA Equities 36299C107 447 14090 SH N/A Yes N/A Yes N/A N/A