13F-HR 1 v184935_13fhra.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: March 31, 2010 ----------------- 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: Brown Brothers Harriman & Co. ------------------------------------------------- Address: 140 Broadway ------------------------------------------------- New York, NY 10005 ------------------------------------------------- Form 13F File Number: 28-00408 ----- 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: Scott Hill ------------------------------------------------- Title: Managing Director ------------------------------------------------- Phone: 212-483-1818 ------------------------------------------------- Signature, Place, and Date of Signing: /s/ Scott Hill New York, NY May 13, 2010 ----------------------------- ---------------------------- ----------------- [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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: NONE --------------- Form 13F Information Table Entry Total: 452 --------------- Form 13F Information Table Value Total: $7,189,539 --------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE
(SEC USE ONLY) FORM 13F NAME OF REPORTING MANAGER - BROWN BROTHERS HARRIMAN & CO FILE NUMBER 28-00408 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 TITLE OF CUSIP VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS NUMBER (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------- ------- --------- -------- -------- --- ---- ------- -------- ---- ------ ---- ABB LTD SPON ADR COMMON 000375204 714 32,700 SH SOLE NONE 0 0 32,700 ABBOTT LABORATORIES COMMON 002824100 22,633 429,625 SH SOLE NONE 0 0 429,625 ABIOMED INC /REST/ COMMON 003654100 186 18,000 SH SOLE NONE 0 0 18,000 ACCENTURE PLC-CL A /EUR; COMMON G1151C101 411 9,803 SH SOLE NONE 0 0 9,803 ACE LIMITED COMMON H0023R105 1,027 19,630 SH SOLE NONE 0 0 19,630 ADAPTEC INC COMMON 00651F108 33 10,000 SH SOLE NONE 0 0 10,000 ADOBE SYSTEMS INC COMMON 00724F101 1,033 29,200 SH SOLE NONE 0 0 29,200 ADVENT SOFTWARE INC COMMON 007974108 21,947 490,428 SH SOLE NONE 490,428 0 0 AEGON NV ORD AMER REG COMMON 007924103 110 16,129 SH SOLE NONE 0 0 16,129 AES CORP COMMON 00130H105 4,441 403,690 SH SOLE NONE 0 0 403,690 AFLAC INC COMMON 001055102 4,597 84,681 SH SOLE NONE 0 0 84,681 AGL RES INC COMMON 001204106 213 5,500 SH SOLE NONE 0 0 5,500 AGRIUM INC /EUR/ COMMON 008916108 758 10,732 SH SOLE NONE 0 0 10,732 AIR PRODUCTS & CHEMICALS COMMON 009158106 1,764 23,857 SH SOLE NONE 0 0 23,857 ALBEMARLE CORP COMMON 012653101 298 7,000 SH SOLE NONE 0 0 7,000 ALCATEL-LUCENT SPONSORED ADR COMMON 013904305 87 27,768 SH SOLE NONE 0 0 27,768 ALCOA INC /EUR/ COMMON 013817101 1,255 88,132 SH SOLE NONE 0 0 88,132 ALCON INC COMMON H01301102 517 3,200 SH SOLE NONE 0 0 3,200 ALEXANDRIA REAL ESTATE EQREIT COMMON 015271109 270 4,000 SH SOLE NONE 0 0 4,000 ALLERGAN INC COMMON 018490102 1,412 21,622 SH SOLE NONE 0 0 21,622 ALLIANCEBERNSTEIN HLDG L /REST COMMON 01881G106 714 23,300 SH SOLE NONE 0 0 23,300 ALLIANT TECHSYSTEMS INC COMMON 018804104 467 5,749 SH SOLE NONE 0 0 5,749 ALLSTATE CORP COMMON 020002101 1,695 52,470 SH SOLE NONE 0 0 52,470 ALTISOURCE PORT SOLUTIONS SA COMMON L0175J104 11,727 523,520 SH SOLE NONE 0 0 523,520 ALTRIA GROUP INC COMMON 02209S103 4,925 239,989 SH SOLE NONE 0 0 239,989 AMAZON COM INC /GBP/ COMMON 023135106 1,469 10,821 SH SOLE NONE 0 0 10,821 AMERICA MOVIL SAB DE CV SER L COMMON 02364W105 339 6,744 SH SOLE NONE 0 0 6,744 AMERICAN DENTAL PARTNERS INC COMMON 025353103 15,303 1,172,650 SH SOLE NONE 1,172,650 0 0 AMERICAN ELEC PWR INC COMMON 025537101 636 18,607 SH SOLE NONE 0 0 18,607 AMERICAN EXPRESS CO /GBP/ COMMON 025816109 6,531 158,296 SH SOLE NONE 0 0 158,296 AMERICAN INTERNATIONAL GROUP COMMON 026874784 282 8,265 SH SOLE NONE 0 0 8,265 AMERICAN SUPERCONDUCTOR /REST/ COMMON 030111108 434 15,000 SH SOLE NONE 0 0 15,000 AMERICAN WATER WORKS CO INC COMMON 030420103 218 10,000 SH SOLE NONE 0 0 10,000 AMERIPRISE FINANCIAL INC COMMON 03076C106 490 10,810 SH SOLE NONE 0 0 10,810 AMGEN INC /CAD/ COMMON 031162100 2,884 48,199 SH SOLE NONE 0 0 48,199 ANADARKO PETE CORP COMMON 032511107 3,891 53,427 SH SOLE NONE 0 0 53,427 ANALOG DEVICES INC COMMON 032654105 311 10,799 SH SOLE NONE 0 0 10,799 AON CORP COMMON 037389103 5,095 119,290 SH SOLE NONE 0 0 119,290 APACHE CORP COMMON 037411105 3,136 30,899 SH SOLE NONE 0 0 30,899 APOLLO INVT CORP COM COMMON 03761U106 244 19,200 SH SOLE NONE 0 0 19,200 APPLE INC /EUR/ COMMON 037833100 10,095 42,958 SH SOLE NONE 0 0 42,958 AQUA AMERICA INC COMMON 03836W103 182 10,375 SH SOLE NONE 0 0 10,375 ARTESIAN RESOURCES CORP CL A COMMON 043113208 269 15,250 SH SOLE NONE 0 0 15,250 ASPEN TECHNOLOGY INC COMMON 045327103 20,445 1,994,632 SH SOLE NONE 1,994,632 0 0 AT&T INC /EUR/ COMMON 00206R102 13,512 522,918 SH SOLE NONE 0 0 522,918 AU OPTRONICS CORP ADR SPON COMMON 002255107 212 18,670 SH SOLE NONE 0 0 18,670 AUTOMATIC DATA PROCESSING COMMON 053015103 126,923 2,854,122 SH SOLE NONE 59,364 0 2,794,758 AUTOZONE INC COMMON 053332102 692 4,000 SH SOLE NONE 0 0 4,000 AVIAT NETWORKS INC COMMON 05366Y102 232 35,006 SH SOLE NONE 0 0 35,006 AVON PRODUCTS COMMON 054303102 4,275 126,207 SH SOLE NONE 0 0 126,207 BAIDU INC SPON ADR COMMON 056752108 454 760 SH SOLE NONE 0 0 760 BANK NEW YORK MELLON CORP COMMON 064058100 1,770 57,309 SH SOLE NONE 0 0 57,309 BANK OF AMERICA CORP COMMON 060505104 7,219 404,435 SH SOLE NONE 0 0 404,435 BARCLAYS BANK PLC PREFERRED COMMON 06739H362 1,042 40,500 SH SOLE NONE 0 0 40,500 BAXTER INTL INC COMMON 071813109 912 15,676 SH SOLE NONE 0 0 15,676 BB&T CORPORATION COMMON 054937107 3,632 112,130 SH SOLE NONE 0 0 112,130 BECKMAN COULTER INC COMMON 075811109 694 11,050 SH SOLE NONE 0 0 11,050 BECTON DICKINSON & CO COMMON 075887109 1,927 24,470 SH SOLE NONE 0 0 24,470 BED BATH & BEYOND INC COMMON 075896100 8,508 194,420 SH SOLE NONE 0 0 194,420 BERKSHIRE HATHAWAY /DEL/ CL A COMMON 084670108 112,787 926 SH SOLE NONE 32 0 894 BERKSHIRE HATHAWAY C B CLASS B COMMON 084670702 293,227 3,608,056 SH SOLE NONE 53,700 0 3,554,356 BHP BILLITON LIMITED ADR COMMON 088606108 260 3,242 SH SOLE NONE 0 0 3,242 BHP BILLITON PLC - ADR COMMON 05545E209 1,120 16,364 SH SOLE NONE 0 0 16,364 BILL BARRETT CORP /REST/ COMMON 06846N104 750 24,431 SH SOLE NONE 0 0 24,431 BIOGEN IDEC INC COMMON 09062X103 246 4,295 SH SOLE NONE 0 0 4,295 BIOTECH HOLDERS TR DEP RCPTS COMMON 09067D201 206 2,000 SH SOLE NONE 0 0 2,000 BIOVAIL CORP COMMON 09067J109 270 16,100 SH SOLE NONE 0 0 16,100 BLACKROCK CREDIT ALLOCAT IN COMMON 09255J101 176 19,500 SH SOLE NONE 0 0 19,500 BLACKROCK ENHANCED GOVT FUND COMMON 09255K108 164 10,000 SH SOLE NONE 0 0 10,000 BLACKROCK LTD DURA INCOME TRST COMMON 09249W101 171 10,500 SH SOLE NONE 0 0 10,500 BLACKROCK SENIOR HIGH INCOME COMMON 09255T109 77 19,000 SH SOLE NONE 0 0 19,000 BLACKSTONE GROUP LP/THE COMMON 09253U108 270 19,275 SH SOLE NONE 0 0 19,275 BOEING CO COMMON 097023105 3,886 53,525 SH SOLE NONE 0 0 53,525 BORDERS GROUP INC COMMON 099709107 31 18,000 SH SOLE NONE 0 0 18,000 BOSTON SCIENTIFIC CORP/REST/ COMMON 101137107 356 49,333 SH SOLE NONE 0 0 49,333 BP PLC SPONSORED ADR COMMON 055622104 14,425 252,766 SH SOLE NONE 0 0 252,766 BRISTOL MYERS SQUIBB CO COMMON 110122108 8,606 322,313 SH SOLE NONE 0 0 322,313 BRITISH AMERICAN TOB SPON ADR COMMON 110448107 291 4,221 SH SOLE NONE 0 0 4,221 BROOKFIELD ASSET MGMT INC COMMON 112585104 245 9,637 SH SOLE NONE 0 0 9,637 BUCKEYE PARTNERS L P LTD PART COMMON 118230101 360 6,000 SH SOLE NONE 0 0 6,000 BUNGE LTD COMMON G16962105 1,130 18,340 SH SOLE NONE 0 0 18,340 CA INC COMMON 12673P105 446 18,992 SH SOLE NONE 0 0 18,992 CABLEVISION SYS CORP NY GRP A COMMON 12686C109 419 17,364 SH SOLE NONE 0 0 17,364 CABOT CORP COMMON 127055101 5,518 181,514 SH SOLE NONE 0 0 181,514 CABOT MICROELECTRONICS CORP COMMON 12709P103 1,216 32,133 SH SOLE NONE 0 0 32,133 CADENCE DESIGN SYS INC COMMON 127387108 115 17,286 SH SOLE NONE 0 0 17,286 CALGON CARBON CORP COMMON 129603106 171 10,000 SH SOLE NONE 0 0 10,000 CALPINE CORP COMMON 131347304 500 42,062 SH SOLE NONE 0 0 42,062 CAMERON INTERNATIONAL CORP COMMON 13342B105 11,092 258,799 SH SOLE NONE 0 0 258,799 CAMPBELL SOUP COMMON 134429109 1,620 45,828 SH SOLE NONE 0 0 45,828 CANADIAN SUPERIOR ENERGY INC COMMON 136644101 8 13,000 SH SOLE NONE 0 0 13,000 CARPENTER TECHNOLOGY COMMON 144285103 644 17,594 SH SOLE NONE 0 0 17,594 CASUALMALE RETAIL GROUP INC COMMON 148711302 77 20,000 SH SOLE NONE 0 0 20,000 CATERPILLAR INC COMMON 149123101 5,598 89,063 SH SOLE NONE 0 0 89,063 CBS CORP-CLASS B COMMON 124857202 335 23,997 SH SOLE NONE 0 0 23,997 CENOVUS ENERGY INC COMMON 15135U109 224 8,555 SH SOLE NONE 0 0 8,555 CENTERPOINT ENERGY INC COMMON 15189T107 1,397 97,300 SH SOLE NONE 0 0 97,300 CHEVRON CORP COMMON 166764100 33,028 435,556 SH SOLE NONE 0 0 435,556 CHUBB CORP COMMON 171232101 207,878 4,009,215 SH SOLE NONE 84,511 0 3,924,704 CHURCH & DWIGHT INC COMMON 171340102 699 10,440 SH SOLE NONE 0 0 10,440 CIGNA CORP COMMON 125509109 1,450 39,645 SH SOLE NONE 0 0 39,645 CIRCOR INTERNATIONAL INC COMMON 17273K109 515 15,497 SH SOLE NONE 0 0 15,497 CISCO SYSTEMS INC /CHF COMMON 17275R102 8,322 319,695 SH SOLE NONE 0 0 319,695 CITIGROUP INC COMMON 172967101 1,473 362,733 SH SOLE NONE 459 0 363,192 CMS ENERGY CORP COMMON 125896100 481 31,126 SH SOLE NONE 0 0 31,126 COACH INC COMMON 189754104 411 10,396 SH SOLE NONE 0 0 10,396 COCA-COLA CO COMMON 191216100 188,786 3,432,464 SH SOLE NONE 75,187 0 3,357,277 COLGATE PALMOLIVE /EUR/ COMMON 194162103 9,482 111,210 SH SOLE NONE 0 0 111,210 COMCAST CORPORATION CL A COMMON 20030N101 212,671 11,294,272 SH SOLE NONE 249,789 0 11,044,483 COMCAST CORPORATION SPL A COMMON 20030N200 2,253 125,399 SH SOLE NONE 4,600 0 120,799 COMMERCE BANCSHARES INC COMMON 200525103 1,883 45,768 SH SOLE NONE 0 0 45,768 CONAGRA FOODS INC COMMON 205887102 431 17,200 SH SOLE NONE 0 0 17,200 CONOCOPHILIIPS /EUR/ COMMON 20825C104 5,333 104,219 SH SOLE NONE 0 0 104,219 CORNING INC COMMON 219350105 926 45,831 SH SOLE NONE 0 0 45,831 COSTAR GROUP INC COMMON 22160N109 17,575 423,300 SH SOLE NONE 423,300 0 0 COSTCO WHOLESALE CORP COMMON 22160K105 185,225 3,102,081 SH SOLE NONE 68,942 0 3,033,139 COVIDIEN PLC /EUR/ COMMON G2554F105 1,204 23,950 SH SOLE NONE 0 0 23,950 CR BARD INC /RESTRICTED/ COMMON 067383109 2,432 28,071 SH SOLE NONE 0 0 28,071 CRAY INC COMMON 225223304 223 37,500 SH SOLE NONE 0 0 37,500 CSS INDUSTRIES INC /REST/ COMMON 125906107 3,092 153,840 SH SOLE NONE 0 0 153,840 CSX CORP COMMON 126408103 1,105 21,700 SH SOLE NONE 0 0 21,700 CVB FINANCIAL CORP COMMON 126600105 617 62,110 SH SOLE NONE 0 0 62,110 CVS CAREMARK CORPORATION COMMON 126650100 1,914 52,350 SH SOLE NONE 0 0 52,350 DANAHER CORP COMMON 235851102 1,021 12,782 SH SOLE NONE 0 0 12,782 DE LUXE CORP COMMON 248019101 227 11,700 SH SOLE NONE 0 0 11,700 DEERE AND CO COMMON 244199105 42,866 720,918 SH SOLE NONE 0 0 720,918 DELL INC COMMON 24702R101 126,812 8,442,856 SH SOLE NONE 218,281 0 8,224,575 DELTEK INC COMMON 24784L105 31,266 4,092,398 SH SOLE NONE 4,092,398 0 0 DENTSPLY INTL INC COMMON 249030107 129,899 3,724,175 SH SOLE NONE 85,709 0 3,638,466 DEVON ENERGY CORP COMMON 25179M103 1,059 16,430 SH SOLE NONE 0 0 16,430 DIAGEO PLC SPONSORED ADR COMMON 25243Q205 206,828 3,066,389 SH SOLE NONE 75,823 0 2,990,566 DIRECTV CLASS A COMMON 25490A101 529 15,661 SH SOLE NONE 0 0 15,661 DISCOVER FINANCIAL COMMON 254709108 541 36,282 SH SOLE NONE 0 0 36,282 DISNEY /THE WALT/ CO HLDG /CHF COMMON 254687106 4,451 127,507 SH SOLE NONE 0 0 127,507 DOMINION RESOURCES INC COMMON 25746U109 4,609 112,109 SH SOLE NONE 0 0 112,109 DOVER CORP /REST/ COMMON 260003108 3,265 69,842 SH SOLE NONE 0 0 69,842 DOW CHEM CO COMMON 260543103 2,788 94,280 SH SOLE NONE 0 0 94,280 DR PEPPER SNAPPLE GROUP COMMON 26138E109 533 15,144 SH SOLE NONE 0 0 15,144 DREAMWORKS ANIMATION SKG-A COMMON 26153C103 394 10,000 SH SOLE NONE 0 0 10,000 DU PONT (E.I) DE NEMOURS /EUR/ COMMON 263534109 6,200 166,493 SH SOLE NONE 0 0 166,493 DUKE ENERGY CORP COMMON 26441C105 1,920 117,625 SH SOLE NONE 0 0 117,625 DUN & BRADSTREET CORP COMMON 26483E100 1,265 17,000 SH SOLE NONE 0 0 17,000 EATON CORP COMMON 278058102 656 8,662 SH SOLE NONE 0 0 8,662 EBAY INC COMMON 278642103 161,992 6,006,805 SH SOLE NONE 138,250 0 5,868,555 ECOLAB INC COMMON 278865100 89,778 2,042,726 SH SOLE NONE 50,710 0 1,992,016 EDWARDS LIFESCIENCES CORP COMMON 28176E108 1,266 12,800 SH SOLE NONE 0 0 12,800 EL PASO CORPORATION COMMON 28336L109 1,755 161,880 SH SOLE NONE 0 0 161,880 ELECTRO-OPTICAL SCIENCES INC COMMON 285192100 77 10,400 SH SOLE NONE 0 0 10,400 ELI LILLY AND CO COMMON 532457108 929 25,647 SH SOLE NONE 0 0 25,647 EMC CORPORATION/MASS /EUR/ COMMON 268648102 669 37,068 SH SOLE NONE 0 0 37,068 EMERSON ELEC CO COMMON 291011104 14,816 294,320 SH SOLE NONE 0 0 294,320 ENBRIDGE ENERGY PARTNERS LP COMMON 29250R106 455 9,000 SH SOLE NONE 0 0 9,000 ENCANA CORP /EUR/ COMMON 292505104 265 8,555 SH SOLE NONE 0 0 8,555 ENNIS INC COMMON 293389102 366 22,500 SH SOLE NONE 0 0 22,500 ENTERGY CORP COMMON 29364G103 531 6,525 SH SOLE NONE 0 0 6,525 ENTERPRISE PRODUCTS PRTNS LP COMMON 293792107 1,163 33,642 SH SOLE NONE 0 0 33,642 EOG RESOURCES INC COMMON 26875P101 106,349 1,144,272 SH SOLE NONE 26,969 0 1,117,303 ESSA BANCORP INC COMMON 29667D104 439 35,000 SH SOLE NONE 0 0 35,000 EV ENERGY PARTNER LP COMMON 26926V107 1,596 50,000 SH SOLE NONE 0 0 50,000 EXELON CORPORATION COMMON 30161N101 771 17,592 SH SOLE NONE 0 0 17,592 EXXON MOBIL CORP /GBP/ COMMON 30231G102 87,029 1,299,335 SH SOLE NONE 0 0 1,299,335 F M C CORP COMMON 302491303 303 5,000 SH SOLE NONE 0 0 5,000 F P L GROUP INC COMMON 302571104 354 7,320 SH SOLE NONE 0 0 7,320 FEDEX CORPORATION COMMON 31428X106 1,192 12,765 SH SOLE NONE 0 0 12,765 FIFTH THIRD BANCORP COMMON 316773100 1,637 120,703 SH SOLE NONE 0 0 120,703 FISERV INC COMMON 337738108 664 13,079 SH SOLE NONE 0 0 13,079 FMC TECHNOLOGIES INC COMMON 30249U101 491 7,598 SH SOLE NONE 0 0 7,598 FOOT LOCKER INC COMMON 344849104 226 15,000 SH SOLE NONE 0 0 15,000 FORD MOTOR CV 6.5% 1/15/32 CONV PFD 345395206 407 8,780 SH SOLE NONE 0 0 8,780 FRANKLIN RESOURCES INC COMMON 354613101 1,003 9,047 SH SOLE NONE 0 0 9,047 FRONTLINE LIMITED /GBP/ COMMON G3682E127 306 10,000 SH SOLE NONE 0 0 10,000 FURNITURE BRANDS INTL INC COMMON 360921100 180 28,000 SH SOLE NONE 0 0 28,000 GALLAGHER ARTHUR J & CO COMMON 363576109 2,673 108,876 SH SOLE NONE 0 0 108,876 GEN DYNAMICS COMMON 369550108 1,048 13,578 SH SOLE NONE 0 0 13,578 GEN MILLS COMMON 370334104 5,881 83,079 SH SOLE NONE 0 0 83,079 GENERAL ELECTRIC COMPANY /EUR/ COMMON 369604103 27,798 1,527,381 SH SOLE NONE 0 0 1,527,381 GENERAL GROWTH PPTYS INC REIT COMMON 370021107 193 11,985 SH SOLE NONE 0 0 11,985 GENTEX CORP COMMON 371901109 240 12,368 SH SOLE NONE 0 0 12,368 GENUINE PARTS CO COMMON 372460105 672 15,900 SH SOLE NONE 0 0 15,900 GENWORTH FINANCIAL INC CLASS A COMMON 37247D106 1,834 100,000 SH SOLE NONE 0 0 100,000 GENZYME CORP COMMON 372917104 250 4,817 SH SOLE NONE 0 0 4,817 GERON CORP /REST/ COMMON 374163103 57 10,000 SH SOLE NONE 0 0 10,000 GFI GROUP INC /RESTRICTED/ COMMON 361652209 2,895 500,000 SH SOLE NONE 0 0 500,000 GILEAD SCIENCES INC COMMON 375558103 311 6,850 SH SOLE NONE 0 0 6,850 GLATFELTER COMMON 377316104 334 23,040 SH SOLE NONE 0 0 23,040 GLAXOSMITHKLINE PLC ADR COMMON 37733W105 637 16,548 SH SOLE NONE 0 0 16,548 GOLDMAN SACHS GROUP INC /EUR/ COMMON 38141G104 1,313 7,693 SH SOLE NONE 0 0 7,693 GOOGLE INC CL A /EUR/ COMMON 38259P508 4,784 8,435 SH SOLE NONE 0 0 8,435 GRAINGER /W W/ INC COMMON 384802104 129,176 1,194,750 SH SOLE NONE 24,996 0 1,169,754 HALLIBURTON CO HOLDING COMMON 406216101 738 24,490 SH SOLE NONE 0 0 24,490 HARRIS CORP /DEL/ COMMON 413875105 7,079 149,068 SH SOLE NONE 0 0 149,068 HARTE-HANKS INC COM COMMON 416196103 2,803 218,000 SH SOLE NONE 0 0 218,000 HEADWATERS INC COMMON 42210P102 46 10,000 SH SOLE NONE 0 0 10,000 HEINZ /H J/ CO COMMON 423074103 868 19,021 SH SOLE NONE 0 0 19,021 HELIOS MULTI SECTOR HIGH INC COMMON 42327Y202 51 10,240 SH SOLE NONE 0 0 10,240 HEWLETT PACKARD COMMON 428236103 15,089 283,891 SH SOLE NONE 0 0 283,891 HOME DEPOT INC COMMON 437076102 1,249 38,599 SH SOLE NONE 0 0 38,599 HONEYWELL INTL INC COMMON 438516106 25,540 564,175 SH SOLE NONE 0 0 564,175 HOSPIRA INC COMMON 441060100 522 9,223 SH SOLE NONE 0 0 9,223 HOVNANIAN ENTERPRISES INC CL A COMMON 442487203 87 20,000 SH SOLE NONE 0 0 20,000 I SHARES IBOXX H/Y CORP BOND COMMON 464288513 889 10,055 SH SOLE NONE 0 0 10,055 I SHARES MSCI BRAZIL INDEX COMMON 464286400 440 5,969 SH SOLE NONE 0 0 5,969 IBM INTL BUS MACHINE /CHF/ COMMON 459200101 73,741 574,976 SH SOLE NONE 0 0 574,976 IHS INC CLASS A COMMON 451734107 29,243 546,900 SH SOLE NONE 546,900 0 0 ILLINOIS TOOL WORKS COMMON 452308109 21,507 454,117 SH SOLE NONE 0 0 454,117 INGERSOLL-RAND PLC COMMON G47791101 262 7,525 SH SOLE NONE 0 0 7,525 INTEGRYS ENERGY GROUP INC COMMON 45822P105 478 10,093 SH SOLE NONE 0 0 10,093 INTEL CORPORATION /EUR/ COMMON 458140100 7,595 340,751 SH SOLE NONE 0 0 340,751 INTL FLAVORS & FRAGRANCES COMMON 459506101 243 5,108 SH SOLE NONE 0 0 5,108 INTUIT INC COMMON 461202103 198,563 5,785,637 SH SOLE NONE 496,122 0 5,289,515 ISHARES BARCLAYS TIPS BOND COMMON 464287176 923 8,880 SH SOLE NONE 0 0 8,880 ISHARES COMEX GOLD TRUST /GBP/ COMMON 464285105 277 2,545 SH SOLE NONE 0 0 2,545 ISHARES DJ US REAL ESTATE FUND COMMON 464287739 396 7,950 SH SOLE NONE 0 0 7,950 ISHARES MSCI ASIA EX-JAPAN COMMON 464288182 545 9,600 SH SOLE NONE 0 0 9,600 ISHARES MSCI CANADA INDX FD COMMON 464286509 349 12,505 SH SOLE NONE 0 0 12,505 ISHARES MSCI EAFE INDEX FUND COMMON 464287465 18,272 326,398 SH SOLE NONE 58,963 0 267,435 ISHARES MSCI EMERGING MKTS IND COMMON 464287234 4,787 113,651 SH SOLE NONE 0 0 113,651 ISHARES MSCI JAPAN INDEX FD COMMON 464286848 647 61,935 SH SOLE NONE 0 0 61,935 ISHARES MSCI MALAYSIA /FREE/ COMMON 464286830 158 13,522 SH SOLE NONE 0 0 13,522 ISHARES MSCI PACIFIC EX JPN COMMON 464286665 252 5,864 SH SOLE NONE 0 0 5,864 ISHARES RUSSELL MIDCAP GWTH FD COMMON 464287481 359 7,400 SH SOLE NONE 0 0 7,400 ISHARES RUSSELL MIDCAP INDEX COMMON 464287499 1,659 18,585 SH SOLE NONE 0 0 18,585 ISHARES RUSSELL MIDCAP VALUE COMMON 464287473 438 10,850 SH SOLE NONE 0 0 10,850 ISHARES RUSSELL 1000 GROWTH COMMON 464287614 7,113 136,927 SH SOLE NONE 0 0 136,927 ISHARES RUSSELL 1000 VALUE COMMON 464287598 3,430 56,158 SH SOLE NONE 0 0 56,158 ISHARES RUSSELL 2000 VALUE IDX COMMON 464287630 340 5,325 SH SOLE NONE 0 0 5,325 ISHARES S & P SMALLCAP 600/VAL COMMON 464287879 693 10,803 SH SOLE NONE 9,303 0 1,500 ISHARES S&P MIDCAP 400 IDX FD COMMON 464287507 1,904 24,189 SH SOLE NONE 0 0 24,189 ISHARES S&P MIDCAP 400 VALUE COMMON 464287705 602 8,442 SH SOLE NONE 8,442 0 0 ISHARES S&P SMALLCAP 600 INDEX COMMON 464287804 959 16,129 SH SOLE NONE 0 0 16,129 ISHARES S&P 100 INDEX FUND COMMON 464287101 6,162 115,000 SH SOLE NONE 115,000 0 0 ISHARES TR RUSSELL 100 COMMON 464287622 448 6,938 SH SOLE NONE 0 0 6,938 ISHARES TR RUSSELL 2000 GROWTH COMMON 464287648 710 9,693 SH SOLE NONE 0 0 9,693 ISHARES TRUST RUSSELL 2000 COMMON 464287655 3,090 45,567 SH SOLE NONE 0 0 45,567 ISHARES TRUST S & P 500 COMMON 464287200 15,640 133,285 SH SOLE NONE 11,887 0 121,398 ITT CORP COMMON 450911102 896 16,720 SH SOLE NONE 0 0 16,720 J CREW GROUP INC COMMON 46612H402 936 20,393 SH SOLE NONE 0 0 20,393 JOHNSON & JOHNSON COMMON 478160104 188,152 2,885,761 SH SOLE NONE 52,801 0 2,832,960 JPMORGAN CHASE & COMPANY COMMON 46625H100 9,902 221,266 SH SOLE NONE 0 0 221,266 JUNIPER NETWORKS INC COMMON 48203R104 1,411 46,000 SH SOLE NONE 0 0 46,000 KEITHLEY INSTRS INC COMMON 487584104 182 27,500 SH SOLE NONE 0 0 27,500 KELLOGG CO COMMON 487836108 3,365 62,971 SH SOLE NONE 0 0 62,971 KELLY SVCS INC CLASS A COMMON 488152208 248 14,900 SH SOLE NONE 0 0 14,900 KENNAMETAL INC /REST/ COMMON 489170100 349 12,408 SH SOLE NONE 0 0 12,408 KIMBERLY CLARK COMMON 494368103 6,102 97,037 SH SOLE NONE 0 0 97,037 KINDER MORGAN ENERGY PARTN LP COMMON 494550106 2,491 38,077 SH SOLE NONE 0 0 38,077 KKR FINANCIAL HOLDINGS LLC COMMON 48248A306 452 55,000 SH SOLE NONE 0 0 55,000 KRAFT FOODS INC CLASS A COMMON 50075N104 3,574 118,191 SH SOLE NONE 0 0 118,191 LABRANCHE & CO COMMON 505447102 200 38,000 SH SOLE NONE 0 0 38,000 LANCE INC COMMON 514606102 454 19,617 SH SOLE NONE 0 0 19,617 LAUDER ESTEE COS INC CL A COMMON 518439104 1,618 24,940 SH SOLE NONE 0 0 24,940 LEVEL 3 COMMUNICATIONS /REST/ COMMON 52729N100 273 168,262 SH SOLE NONE 0 0 168,262 LIBERTY GLOBAL INC-A COMMON 530555101 103,348 3,544,168 SH SOLE NONE 303,725 0 3,240,443 LIBERTY GLOBAL INC-C COMMON 530555309 11,768 407,330 SH SOLE NONE 106,562 0 300,768 LIBERTY MEDIA INTERACTIVE A COMMON 53071M104 126,910 8,294,764 SH SOLE NONE 223,971 0 8,070,793 LIFE TECHNOLOGIES CORP COMMON 53217V109 212 4,051 SH SOLE NONE 0 0 4,051 LIGAND PHARMACEUTICALS CL B COMMON 53220K207 21 12,246 SH SOLE NONE 0 0 12,246 LOCKHEED MARTIN CORP COMMON 539830109 280 3,369 SH SOLE NONE 0 0 3,369 LOEWS CORP COMMON 540424108 4,313 115,688 SH SOLE NONE 0 0 115,688 LORILLARD INC COMMON 544147101 946 12,568 SH SOLE NONE 0 0 12,568 LOWES COMPANIES INC COMMON 548661107 3,885 160,266 SH SOLE NONE 0 0 160,266 LUBRIZOL CORP COMMON 549271104 412 4,494 SH SOLE NONE 0 0 4,494 MARATHON OIL CORP COMMON 565849106 392 12,388 SH SOLE NONE 0 0 12,388 MARRIOTT INTL CL A COMMON 571903202 253 8,019 SH SOLE NONE 0 0 8,019 MARSH & MCLENNAN COS INC /REST COMMON 571748102 18,574 760,620 SH SOLE NONE 0 0 760,620 MASTERCARD INC COMMON 57636Q104 2,262 8,907 SH SOLE NONE 0 0 8,907 MB FINANCIAL INC COMMON 55264U108 237 10,509 SH SOLE NONE 0 0 10,509 MC DONALDS CORP COMMON 580135101 4,993 74,834 SH SOLE NONE 0 0 74,834 MC GRAW HILL COMPANIES INC COMMON 580645109 1,483 41,593 SH SOLE NONE 0 0 41,593 MCKESSON CORP COMMON 58155Q103 296 4,500 SH SOLE NONE 0 0 4,500 MEADWESTVACO CORP COMMON 583334107 387 15,142 SH SOLE NONE 0 0 15,142 MEDALLION FINL CORP COMMON 583928106 392 49,250 SH SOLE NONE 0 0 49,250 MEDCO HEALTH SOLUTIONS INC COMMON 58405U102 4,116 63,752 SH SOLE NONE 0 0 63,752 MEDTRONIC INC COMMON 585055106 7,881 175,011 SH SOLE NONE 0 0 175,011 MERCK CO INC /EUR/ COMMON 58933Y105 27,338 731,928 SH SOLE NONE 0 0 731,928 METLIFE INC COMMON 59156R108 2,508 57,879 SH SOLE NONE 0 0 57,879 MICROSEMI CORP COMMON 595137100 286 16,500 SH SOLE NONE 0 0 16,500 MICROSOFT CORP COMMON 594918104 135,096 4,612,686 SH SOLE NONE 77,826 0 4,534,860 MILLIPORE CORP COMMON 601073109 359 3,400 SH SOLE NONE 0 0 3,400 MODINE MFG CO COMMON 607828100 209 18,610 SH SOLE NONE 0 0 18,610 MONSANTO CO /EUR/ COMMON 61166W101 1,087 15,215 SH SOLE NONE 0 0 15,215 MOODYS CORPORATION COMMON 615369105 452 15,200 SH SOLE NONE 0 0 15,200 MORGAN STANLEY COMMON 617446448 1,045 35,680 SH SOLE NONE 0 0 35,680 MORGAN STANLEY ASIA PACIFIC FD COMMON 61744U106 252 16,539 SH SOLE NONE 0 0 16,539 NATIONAL HEALTHCARE CORP COMMON 635906100 19,661 555,700 SH SOLE NONE 0 0 555,700 NATIONAL RETAIL PROPERTIES INC COMMON 637417106 413 18,110 SH SOLE NONE 0 0 18,110 NATIONWIDE HEALTH PPTYS REIT COMMON 638620104 514 14,635 SH SOLE NONE 0 0 14,635 NESTLE S A SPDR ADR COMMON 641069406 312,034 6,094,420 SH SOLE NONE 139,975 0 5,954,445 NEWCASTLE INVESTMENT CORP COMMON 65105M108 32 10,000 SH SOLE NONE 0 0 10,000 NICE SYS LTD SPONSORED ADR COMMON 653656108 635 20,000 SH SOLE NONE 0 0 20,000 NIKE INC CLASS B COMMON 654106103 1,200 16,333 SH SOLE NONE 0 0 16,333 NOBLE ENERGY INC COMMON 655044105 1,069 14,650 SH SOLE NONE 0 0 14,650 NOKIA CORP SPNSORED ADR /EUR/ COMMON 654902204 784 50,437 SH SOLE NONE 0 0 50,437 NORDSTROM INC COMMON 655664100 224 5,495 SH SOLE NONE 0 0 5,495 NORFOLK SOUTHERN CORP COMMON 655844108 1,650 29,515 SH SOLE NONE 0 0 29,515 NORTHERN TRUST CORP COMMON 665859104 298 5,400 SH SOLE NONE 0 0 5,400 NOVARTIS AG SPON ADR COMMON 66987V109 199,686 3,691,056 SH SOLE NONE 83,106 0 3,607,950 NOVO-NORDISK A S ADR COMMON 670100205 268 3,470 SH SOLE NONE 0 0 3,470 NSTAR COMMON 67019E107 268 7,559 SH SOLE NONE 0 0 7,559 NUVEEN DVD ADVANTAGE MUNI FD COMMON 67066V101 224 16,000 SH SOLE NONE 0 0 16,000 NUVEEN N Y SELECT QUAL MUN FD COMMON 670976109 302 21,700 SH SOLE NONE 0 0 21,700 NV ENERGY INC COMMON 67073Y106 212 17,216 SH SOLE NONE 0 0 17,216 NYSE EURONEXT INC COMMON 629491101 207 7,000 SH SOLE NONE 0 0 7,000 OCCIDENTAL PETROLEUM COMMON 674599105 222,204 2,628,385 SH SOLE NONE 52,640 0 2,575,745 OCWEN FINANCIAL CORPORATION COMMON 675746309 16,852 1,519,564 SH SOLE NONE 0 0 1,519,564 OGE ENERGY CORP COMMON 670837103 434 11,150 SH SOLE NONE 0 0 11,150 OLIN CORP COMMON 680665205 589 30,000 SH SOLE NONE 0 0 30,000 ORACLE CORP /EUR/ COMMON 68389X105 1,992 77,490 SH SOLE NONE 0 0 77,490 OVERSEAS SHIPHOLDING GRP /DOM/ COMMON 690368105 11,748 299,476 SH SOLE NONE 0 0 299,476 OWENS CORNING SR B WT 10/31/13 COMMON 690742127 29 17,383 SH SOLE NONE 0 0 17,383 OXFORD INDS INC COMMON 691497309 2,461 121,042 SH SOLE NONE 0 0 121,042 P P G INDUSTRIES INC COMMON 693506107 6,212 94,981 SH SOLE NONE 0 0 94,981 PALL CORP COMMON 696429307 703 17,366 SH SOLE NONE 0 0 17,366 PENN REAL ESTATE INV TRST REIT COMMON 709102107 671 53,824 SH SOLE NONE 0 0 53,824 PENN WEST ENERGY TRUST /EUR/ COMMON 707885109 239 11,300 SH SOLE NONE 0 0 11,300 PEP BOYS MANNY MOE & JACK COMMON 713278109 6,592 655,954 SH SOLE NONE 0 0 655,954 PEPSICO INC COMMON 713448108 162,059 2,449,496 SH SOLE NONE 51,794 0 2,397,702 PETROCHINA CO LTD ADR COMMON 71646E100 580 4,950 SH SOLE NONE 0 0 4,950 PETROLEO BRASIL ADR /MXN/ COMMON 71654V408 344 7,735 SH SOLE NONE 0 0 7,735 PFIZER INC /EUR/ COMMON 717081103 18,829 1,097,923 SH SOLE NONE 0 0 1,097,923 PG & E CORP COMMON 69331C108 484 11,400 SH SOLE NONE 0 0 11,400 PHILIP MORRIS INTERNATIONAL COMMON 718172109 16,578 317,839 SH SOLE NONE 0 0 317,839 PIEDMONT NATURAL GAS COMMON 720186105 559 20,276 SH SOLE NONE 0 0 20,276 PIMCO INCOME STRATEGY FUND II COMMON 72201J104 217 22,500 SH SOLE NONE 0 0 22,500 PLANTRONICS INC COMMON 727493108 250 8,000 SH SOLE NONE 0 0 8,000 PLUM CREEK TIMBER CO INC REIT COMMON 729251108 540 13,875 SH SOLE NONE 0 0 13,875 PNC FINANCIAL SERVICES GROUP COMMON 693475105 3,061 51,278 SH SOLE NONE 0 0 51,278 POLO RALPH LAUREN CORP CL A COMMON 731572103 816 9,592 SH SOLE NONE 0 0 9,592 POLYCOM INC COMMON 73172K104 428 14,000 SH SOLE NONE 0 0 14,000 POTASH CORP OF SASKATCHEWAN COMMON 73755L107 1,762 14,762 SH SOLE NONE 0 0 14,762 POWERSHARES QQQ NASDAQ 100 COMMON 73935A104 374 7,757 SH SOLE NONE 0 0 7,757 POWERSHARES WATER RESOUR/REST/ COMMON 73935X575 479 27,500 SH SOLE NONE 0 0 27,500 PRAXAIR INC COMMON 74005P104 23,501 283,143 SH SOLE NONE 0 0 283,143 PRECISION CASTPARTS CORP COMMON 740189105 1,267 10,000 SH SOLE NONE 0 0 10,000 PRG GR /DE COMMON 742718109 61,940 978,982 SH SOLE NONE 0 0 978,982 PRICELINE.COM INC COMMON 741503403 345 1,351 SH SOLE NONE 0 0 1,351 PROGRESS ENERGY INC COMMON 743263105 767 19,480 SH SOLE NONE 0 0 19,480 PROGRESSIVE CORP /OHIO/ COMMON 743315103 181,084 9,485,799 SH SOLE NONE 248,706 0 9,237,093 PROSHARES ULTRA FINANCIALS COMMON 74347R743 105 15,450 SH SOLE NONE 0 0 15,450 PROSHARES ULTRA OIL & GAS COMMON 74347R719 720 21,000 SH SOLE NONE 0 0 21,000 PUBLIC SVC ENTERPRISE GRP INC COMMON 744573106 228 7,718 SH SOLE NONE 0 0 7,718 PULTE GROUP INC COMMON 745867101 340 30,230 SH SOLE NONE 0 0 30,230 QUALCOMM INC COMMON 747525103 1,608 38,323 SH SOLE NONE 0 0 38,323 QUEST DIAGNOSTICS INC COMMON 74834L100 321 5,502 SH SOLE NONE 0 0 5,502 RAYTHEON COMPANY COMMON 755111507 2,123 37,163 SH SOLE NONE 0 0 37,163 REPLIGEN CORP COMMON 759916109 45 11,000 SH SOLE NONE 0 0 11,000 REPUBLIC SERVICES INC_COM COMMON 760759100 5,870 202,260 SH SOLE NONE 0 0 202,260 RESEARCH IN MOTION COMMON 760975102 328 4,437 SH SOLE NONE 0 0 4,437 REYNOLDS AMERICAN INC COMMON 761713106 1,081 20,022 SH SOLE NONE 0 0 20,022 RLI CORP COMMON 749607107 640 11,230 SH SOLE NONE 0 0 11,230 ROCKWELL AUTOMATION INC COMMON 773903109 741 13,142 SH SOLE NONE 0 0 13,142 ROCKWELL COLLINS COMMON 774341101 1,473 23,531 SH SOLE NONE 0 0 23,531 ROCKWOOD HOLDINGS INC COMMON 774415103 1,065 40,014 SH SOLE NONE 0 0 40,014 ROYAL BK OF CANADA COMMON 780087102 2,010 34,442 SH SOLE NONE 0 0 34,442 ROYAL DUTCH SHELL PLC-ADR A COMMON 780259206 19,375 334,866 SH SOLE NONE 0 0 334,866 RUDDICK CORP /RESTRICTED/ COMMON 781258108 28,097 888,018 SH SOLE NONE 0 0 888,018 S & T BANCORP INC COMMON 783859101 574 27,460 SH SOLE NONE 0 0 27,460 SANDRIDGE ENERGY INC COMMON 80007P307 77 10,000 SH SOLE NONE 0 0 10,000 SARA LEE CORP COMMON 803111103 503 36,077 SH SOLE NONE 0 0 36,077 SCHLUMBERGER /EUR/ COMMON 806857108 6,239 98,309 SH SOLE NONE 0 0 98,309 SCHWAB /CHARLES/ CORP COMMON 808513105 1,084 58,020 SH SOLE NONE 0 0 58,020 SECTOR SPDR TR SBI INT UTILS COMMON 81369Y886 224 7,550 SH SOLE NONE 0 0 7,550 SENECA FOODS CORP CL A COMMON 817070501 221 7,600 SH SOLE NONE 0 0 7,600 SIEMENS AG ADR COMMON 826197501 1,799 18,000 SH SOLE NONE 0 0 18,000 SIGNATURE BANK COMMON 82669G104 18,525 500,000 SH SOLE NONE 500,000 0 0 SINCLAIR BROADCAST GROUP CL A COMMON 829226109 126 24,879 SH SOLE NONE 0 0 24,879 SL GREEN REALTY CORP REIT COMMON 78440X101 687 12,000 SH SOLE NONE 0 0 12,000 SMITHTOWN BANCORP INC COMMON 832449102 183 44,340 SH SOLE NONE 0 0 44,340 SONOCO PRODUCTS CO COMMON 835495102 18,143 589,261 SH SOLE NONE 0 0 589,261 SOUTHERN CO COMMON 842587107 1,139 34,363 SH SOLE NONE 0 0 34,363 SOUTHWEST AIRLINES COMMON 844741108 155 11,737 SH SOLE NONE 0 0 11,737 SOUTHWESTERN ENERGY CO COMMON 845467109 1,999 49,100 SH SOLE NONE 0 0 49,100 SPDR DOW JONES REIT ETF COMMON 78464A607 478 8,900 SH SOLE NONE 0 0 8,900 SPDR GOLD TRUST /EUR/ COMMON 78463V107 2,264 20,778 SH SOLE NONE 0 0 20,778 SPDR S&P MIDCAP 400 ETF TRUST COMMON 78467Y107 2,801 19,566 SH SOLE NONE 18,136 0 1,430 SPDR S&P 500 ETF TRUST COMMON 78462F103 36,794 314,478 SH SOLE NONE 0 0 314,478 SPECTRA ENERGY CORP COMMON 847560109 315 13,964 SH SOLE NONE 0 0 13,964 SPRINT NEXTEL CORP COMMON 852061100 84 22,051 SH SOLE NONE 0 0 22,051 STARBUCKS CORP COMMON 855244109 551 22,700 SH SOLE NONE 0 0 22,700 STATE STREET CORP COMMON 857477103 24,072 533,266 SH SOLE NONE 0 0 533,266 STEELCASE INC CL A COMMON 858155203 550 85,067 SH SOLE NONE 0 0 85,067 STRYKER CORP COMMON 863667101 610 10,657 SH SOLE NONE 0 0 10,657 SUCAMPO PHARMACEUT-CL A /REST/ COMMON 864909106 36 10,000 SH SOLE NONE 0 0 10,000 SUNCOR ENERGY INC /EUR/ COMMON 867224107 1,079 33,165 SH SOLE NONE 0 0 33,165 SUNTRUST BK INC COMMON 867914103 501 18,700 SH SOLE NONE 0 0 18,700 SWISS HELVETIA FUND INC COMMON 870875101 455 38,548 SH SOLE NONE 0 0 38,548 SXC HEALTH SOLUTIONS CORP COMMON 78505P100 308 4,579 SH SOLE NONE 0 0 4,579 SYSCO CORP COMMON 871829107 13,961 473,252 SH SOLE NONE 0 0 473,252 T ROWE PRICE GROUP INC COMMON 74144T108 2,590 47,112 SH SOLE NONE 0 0 47,112 TAIWAN SEMICONDUCTOR SPON ADR COMMON 874039100 349 33,280 SH SOLE NONE 0 0 33,280 TARGET CORP COMMON 87612E106 4,307 81,885 SH SOLE NONE 0 0 81,885 TASTY BAKING CO COMMON 876553306 94 13,186 SH SOLE NONE 0 0 13,186 TCW STRATEGIC INCOME FUND INC COMMON 872340104 47 10,000 SH SOLE NONE 0 0 10,000 TELEFLEX INC COMMON 879369106 413 6,450 SH SOLE NONE 0 0 6,450 TELEFONICA S A SPON ADR /REST/ COMMON 879382208 377 5,299 SH SOLE NONE 0 0 5,299 TELEKOMUNIKASI IND SPON ADR COMMON 715684106 715 20,000 SH SOLE NONE 0 0 20,000 TEVA PHARMAC INDS LTD SPON ADR COMMON 881624209 15,995 253,573 SH SOLE NONE 0 0 253,573 TEXAS INSTRUMENTS INC /GBP/ COMMON 882508104 412 16,856 SH SOLE NONE 0 0 16,856 TEXAS PAC LAND TR SUB SHS COMMON 882610108 224 8,000 SH SOLE NONE 0 0 8,000 THERMO FISHER SCIENTIFIC INC COMMON 883556102 1,455 28,279 SH SOLE NONE 0 0 28,279 THOMAS GROUP INC COMMON 884402108 65 100,000 SH SOLE NONE 0 0 100,000 TIFFANY & CO COMMON 886547108 678 14,274 SH SOLE NONE 0 0 14,274 TIME WARNER CABLE COMMON 88732J207 245 4,595 SH SOLE NONE 0 0 4,595 TIME WARNER INC COMMON 887317303 827 26,436 SH SOLE NONE 0 0 26,436 TORONTO DOMINION BANK COMMON 891160509 1,782 23,895 SH SOLE NONE 0 0 23,895 TOTAL SA SPON ADR COMMON 89151E109 1,749 30,143 SH SOLE NONE 0 0 30,143 TRANSOCEAN LTD /SEK/ COMMON H8817H100 2,414 27,946 SH SOLE NONE 0 0 27,946 TRAVELERS COS INC/THE COMMON 89417E109 3,445 63,869 SH SOLE NONE 0 0 63,869 TYCO INTERNATIONAL LTD NEW F COMMON H89128104 457 11,949 SH SOLE NONE 0 0 11,949 TYLER TECHNOLOGIES INC COMMON 902252105 66,246 3,535,013 SH SOLE NONE 3,535,013 0 0 ULTRA PETROLEUM CORP COMMON 903914109 618 13,259 SH SOLE NONE 0 0 13,259 UNILEVER N V NY SHS COMMON 904784709 272 9,006 SH SOLE NONE 0 0 9,006 UNION PACIFIC CORP COMMON 907818108 48,290 658,799 SH SOLE NONE 0 0 658,799 UNITED MICROELECTRONICS ADR COMMON 910873405 75 20,000 SH SOLE NONE 0 0 20,000 UNITED PARCEL SERVICE CL B COMMON 911312106 196,597 3,052,267 SH SOLE NONE 0 0 3,052,267 UNITED STS NAT GAS FD LP COMMON 912318102 145 21,000 SH SOLE NONE 0 0 21,000 UNITED TECHNOLOGIES CORP COMMON 913017109 16,985 230,739 SH SOLE NONE 0 0 230,739 UNITEDHEALTH GROUP INC COMMON 91324P102 1,027 31,446 SH SOLE NONE 1,740 0 29,706 US BANCORP COMMON 902973304 159,266 6,154,024 SH SOLE NONE 152,930 0 6,001,094 VAALCO ENERGY INC COMMON 91851C201 80 16,167 SH SOLE NONE 0 0 16,167 VANGUARD EMERGING MKTS ETF COMMON 922042858 3,219 76,377 SH SOLE NONE 63,487 0 12,890 VANGUARD MID-CAP ETF COMMON 922908629 1,473 22,620 SH SOLE NONE 0 0 22,620 VECTOR GROUP LTD COMMON 92240M108 162 10,473 SH SOLE NONE 0 0 10,473 VERIZON COMMUNICATIONS COMMON 92343V104 6,057 195,271 SH SOLE NONE 0 0 195,271 VERTEX PHARMACEUTICALS INC COMMON 92532F100 205 5,021 SH SOLE NONE 0 0 5,021 VIACOM INC-CLASS B COMMON 92553P201 513 14,909 SH SOLE NONE 0 0 14,909 VISA INC CLASS A SHARES COMMON 92826C839 1,141 12,537 SH SOLE NONE 0 0 12,537 VISION SCIENCES INC /REST/ COMMON 927912105 113 121,290 SH SOLE NONE 0 0 121,290 VODAFONE GROUP PLC COMMON 92857W209 925 39,662 SH SOLE NONE 0 0 39,662 VULCAN MATERIALS COMMON 929160109 168,411 3,565,013 SH SOLE NONE 83,028 0 3,481,985 WAL MART STORES INC /MXN/ COMMON 931142103 283,113 5,091,959 SH SOLE NONE 115,600 0 4,976,359 WALGREEN CO COMMON 931422109 143,359 3,865,175 SH SOLE NONE 61,068 0 3,804,107 WASHINGTON TR BANCORP INC COMMON 940610108 622 33,380 SH SOLE NONE 0 0 33,380 WASTE MANAGEMENT INC COMMON 94106L109 307,513 8,931,542 SH SOLE NONE 192,818 0 8,738,724 WATTS WATER TECHNOLOGIES CL A COMMON 942749102 2,795 90,000 SH SOLE NONE 0 0 90,000 WD 40 CO COMMON 929236107 337 10,250 SH SOLE NONE 0 0 10,250 WEATHERFORD INTL LTD COMMON H27013103 349 21,989 SH SOLE NONE 0 0 21,989 WELLS FARGO & COMPANY COMMON 949746101 7,859 252,537 SH SOLE NONE 0 0 252,537 WESTERN ALLIANCE BANCORP/REST/ COMMON 957638109 1,937 340,353 SH SOLE NONE 0 0 340,353 WESTERN UNION CO COMMON 959802109 1,429 84,244 SH SOLE NONE 0 0 84,244 WEYERHAEUSER CO COMMON 962166104 723 15,970 SH SOLE NONE 0 0 15,970 WHOLE FOODS MKT INC /REST/ COMMON 966837106 1,176 32,541 SH SOLE NONE 0 0 32,541 WILLIAMS COS INC COMMON 969457100 829 35,900 SH SOLE NONE 0 0 35,900 WISDOMTREE DIEFA FUND COMMON 97717W703 653 14,100 SH SOLE NONE 0 0 14,100 WOODWARD GOVERNOR CO COMMON 980745103 384 12,000 SH SOLE NONE 0 0 12,000 WYNDHAM WORLDWIDE CORPORATION COMMON 98310W108 657 25,521 SH SOLE NONE 0 0 25,521 XEROX CORP /EUR/ COMMON 984121103 498 51,099 SH SOLE NONE 0 0 51,099 XTO ENERGY INC COMMON 98385X106 158,350 3,356,289 SH SOLE NONE 77,040 0 3,279,249 YORK WATER CO COMMON 987184108 138 10,000 SH SOLE NONE 0 0 10,000 ZIMMER HOLDINGS INC COMMON 98956P102 797 13,463 SH SOLE NONE 0 0 13,463 ZOLL MEDICAL CORP COMMON 989922109 316 12,000 SH SOLE NONE 0 0 12,000 3M COMPANY COMMON 88579Y101 26,514 317,261 SH SOLE NONE 0 0 317,261 GRAND TOTALS 7,189,539