13F-HR 1 v211412_13f-hr.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, 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 February 14, 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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: NONE --------------- Form 13F Information Table Entry Total: 430 --------------- Form 13F Information Table Value Total: 8,607,038 --------------- (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 375204 388 17,270 SH SOLE NONE 6,370 0 10,900 ABBOTT LABORATORIES COMMON 2824100 16,586 346,188 SH SOLE NONE 314,128 0 32,060 ABIOMED INC /REST/ COMMON 3654100 139 14,500 SH SOLE NONE 14,500 0 0 ACE LIMITED COMMON H0023R105 837 13,450 SH SOLE NONE 0 0 13,450 ADOBE SYSTEMS INC COMMON 00724F101 1,165 37,865 SH SOLE NONE 2,565 0 35,300 AEGON NV ORD AMER REG COMMON 7924103 95 15,534 SH SOLE NONE 15,534 0 0 AFLAC INC /JPY/ COMMON 1055102 3,175 56,268 SH SOLE NONE 55,962 0 306 AIR PRODUCTS & CHEMICALS COMMON 9158106 1,682 18,497 SH SOLE NONE 18,497 0 0 ALBEMARLE CORP COMMON 12653101 390 7,000 SH SOLE NONE 7,000 0 0 ALCATEL LUCENT SPONS ADR /EUR/ COMMON 13904305 79 26,804 SH SOLE NONE 26,804 0 0 ALCOA INC /EUR/ COMMON 13817101 971 63,100 SH SOLE NONE 63,100 0 0 ALEXANDRIA REAL ESTATE EQREIT COMMON 15271109 293 4,000 SH SOLE NONE 4,000 0 0 ALLERGAN INC COMMON 18490102 2,487 36,222 SH SOLE NONE 15,222 0 21,000 ALLIANCEBERNSTEIN HLDG L /REST COMMON 01881G106 205 8,800 SH SOLE NONE 8,800 0 0 ALLIANT TECHSYSTEMS INC COMMON 18804104 508 6,820 SH SOLE NONE 6,820 0 0 ALLSTATE CORP COMMON 20002101 1,492 46,805 SH SOLE NONE 46,805 0 0 ALTISOURCE PORT SOLUTIONS SA COMMON L0175J104 14,950 520,720 SH SOLE NONE 520,720 0 0 ALTRIA GROUP INC COMMON 02209S103 6,184 251,170 SH SOLE NONE 251,170 0 0 AMAZON COM INC COMMON 23135106 664 3,690 SH SOLE NONE 3,690 0 0 AMERICA MOVIL SAB DE CV SER L COMMON 02364W105 261 4,550 SH SOLE NONE 4,550 0 0 AMERICAN DENTAL PARTNERS INC COMMON 25353103 15,843 1,172,650 SH SOLE NONE 1,172,650 0 0 AMERICAN ELEC PWR INC COMMON 25537101 549 15,247 SH SOLE NONE 15,247 0 0 AMERICAN EXPRESS COMPANY COMMON 25816109 5,422 126,333 SH SOLE NONE 123,783 0 2,550 AMERICAN INTERNATIONAL GROUP COMMON 26874784 433 7,513 SH SOLE NONE 7,513 0 0 AMERICAN SCIENCE & ENGINE INC COMMON 29429107 602 7,058 SH SOLE NONE 7,058 0 0 AMERICAN SUPERCONDUCTOR /REST/ COMMON 30111108 429 15,000 SH SOLE NONE 15,000 0 0 AMERICAN WATER WORKS CO INC COMMON 30420103 405 16,000 SH SOLE NONE 6,000 0 10,000 AMERIPRISE FINANCIAL INC COMMON 03076C106 582 10,110 SH SOLE NONE 10,110 0 0 AMGEN INC /CAD/ COMMON 31162100 1,574 28,668 SH SOLE NONE 14,173 0 14,495 ANADARKO PETE CORP COMMON 32511107 2,673 35,100 SH SOLE NONE 35,100 0 0 ANALOG DEVICES INC COMMON 32654105 407 10,799 SH SOLE NONE 10,000 0 799 AON CORP COMMON 37389103 4,687 101,860 SH SOLE NONE 101,860 0 0 APACHE CORP COMMON 37411105 3,109 26,079 SH SOLE NONE 16,009 0 10,070 APOLLO GROUP INC CL A COMMON 37604105 1,064 26,952 SH SOLE NONE 252 0 26,700 APPLE INC /EUR/ COMMON 37833100 11,769 36,485 SH SOLE NONE 25,426 0 11,059 AQUA AMERICA INC COMMON 03836W103 233 10,375 SH SOLE NONE 10,375 0 0 ARCH COAL INC COMMON 39380100 294 8,394 SH SOLE NONE 8,394 0 0 ARCHIPELAGO LEARNING INC COMMON 03956P102 17,011 1,734,025 SH SOLE NONE 1,734,025 0 0 ARTESIAN RESOURCES CORP CL A COMMON 43113208 199 10,500 SH SOLE NONE 10,500 0 0 ASPEN TECHNOLOGY INC COMMON 45327103 46,701 3,677,229 SH SOLE NONE 3,677,229 0 0 AT&T INC /EUR/ COMMON 00206R102 13,629 463,881 SH SOLE NONE 462,903 0 978 AU OPTRONICS CORP ADR SPON COMMON 2255107 194 18,572 SH SOLE NONE 18,572 0 0 AUTODESK INC COMMON 52769106 260 6,800 SH SOLE NONE 6,800 0 0 AUTOMATIC DATA PROCESSING COMMON 53015103 141,215 3,051,311 SH SOLE NONE 2,601,969 0 449,342 AUTOZONE INC COMMON 53332102 1,131 4,148 SH SOLE NONE 4,148 0 0 AVIAT NETWORKS INC COMMON 05366Y102 175 34,597 SH SOLE NONE 34,597 0 0 AVON PRODUCTS COMMON 54303102 2,410 82,937 SH SOLE NONE 76,187 0 6,750 BANK NEW YORK MELLON CORP COMMON 64058100 2,076 68,737 SH SOLE NONE 34,737 0 34,000 BANK OF AMERICA CORP COMMON 60505104 7,970 597,457 SH SOLE NONE 518,557 0 78,900 BARCLAYS BANK PLC PREFERRED COMMON 06739H362 1,041 40,500 SH SOLE NONE 40,500 0 0 BARD /C R/ INC COMMON 67383109 1,713 18,666 SH SOLE NONE 18,000 0 666 BAXTER INTL INC COMMON 71813109 250,645 4,951,497 SH SOLE NONE 4,221,472 0 730,025 BB&T CORPORATION COMMON 54937107 3,057 116,261 SH SOLE NONE 116,261 0 0 BECKMAN COULTER INC COMMON 75811109 775 10,300 SH SOLE NONE 10,300 0 0 BECTON DICKINSON & CO COMMON 75887109 1,709 20,225 SH SOLE NONE 16,775 0 3,450 BED BATH & BEYOND INC COMMON 75896100 1,302 26,494 SH SOLE NONE 26,195 0 299 BERKSHIRE HATHAWAY /DEL/ CL A COMMON 84670108 131,411 1,091 SH SOLE NONE 708 0 383 BERKSHIRE HATHAWAY C B CLASS B COMMON 84670702 314,024 3,919,910 SH SOLE NONE 3,695,675 0 224,235 BHP BILLITON LIMITED ADR COMMON 88606108 280 3,010 SH SOLE NONE 3,010 0 0 BILL BARRETT CORP /REST/ COMMON 06846N104 915 22,247 SH SOLE NONE 22,247 0 0 BIO RAD LABORATORIES INC CL A COMMON 90572207 64,088 617,119 SH SOLE NONE 617,119 0 0 BIOGEN IDEC INC COMMON 09062X103 375 5,595 SH SOLE NONE 5,595 0 0 BIOTECH HOLDERS TR DEP RCPTS COMMON 09067D201 199 2,000 SH SOLE NONE 2,000 0 0 BLACKSTONE GROUP LP/THE COMMON 09253U108 269 19,000 SH SOLE NONE 19,000 0 0 BOEING CO COMMON 97023105 3,521 53,946 SH SOLE NONE 52,546 0 1,400 BOSTON SCIENTIFIC CORP/REST/ COMMON 101137107 185 24,500 SH SOLE NONE 24,500 0 0 BP PLC SPONSORED ADR COMMON 55622104 2,412 54,596 SH SOLE NONE 49,596 0 5,000 BRISTOL MYERS SQUIBB CO COMMON 110122108 7,672 289,735 SH SOLE NONE 280,735 0 9,000 BRITISH AMERICAN TOB SPON ADR COMMON 110448107 346 4,451 SH SOLE NONE 4,451 0 0 BROADCOM CORP CL A COMMON 111320107 318 7,300 SH SOLE NONE 7,300 0 0 BROADSOFT INC COMMON 11133B409 597 25,000 SH SOLE NONE 25,000 0 0 BROOKFIELD ASSET MGMT INC COMMON 112585104 406 12,200 SH SOLE NONE 3,200 0 9,000 BUCKEYE PARTNERS L P LTD PART COMMON 118230101 267 4,000 SH SOLE NONE 4,000 0 0 BUNGE LTD COMMON G16962105 1,179 18,000 SH SOLE NONE 18,000 0 0 CA INC COMMON 12673P105 406 16,602 SH SOLE NONE 16,602 0 0 CABLEVISION SYS CORP NY GRP A COMMON 12686C109 266 7,861 SH SOLE NONE 7,861 0 0 CABOT CORP COMMON 127055101 1,507 40,030 SH SOLE NONE 40,030 0 0 CABOT MICROELECTRONICS CORP COMMON 12709P103 991 23,898 SH SOLE NONE 23,898 0 0 CADENCE DESIGN SYS INC COMMON 127387108 140 16,950 SH SOLE NONE 16,950 0 0 CALPINE CORP COMMON 131347304 714 53,546 SH SOLE NONE 53,546 0 0 CAMERON INTERNATIONAL CORP COMMON 13342B105 12,879 253,870 SH SOLE NONE 240,000 0 13,870 CAMPBELL SOUP COMMON 134429109 1,353 38,928 SH SOLE NONE 38,830 0 98 CARNIVAL CORP /RESTRICTED/ COMMON 143658300 295 6,402 SH SOLE NONE 6,402 0 0 CARPENTER TECHNOLOGY COMMON 144285103 702 17,444 SH SOLE NONE 17,444 0 0 CASUALMALE RETAIL GROUP INC COMMON 148711302 95 20,000 SH SOLE NONE 20,000 0 0 CATERPILLAR INC COMMON 149123101 7,617 81,326 SH SOLE NONE 80,261 0 1,065 CBS CORP-CLASS B COMMON 124857202 411 21,598 SH SOLE NONE 1,598 0 20,000 CENOVUS ENERGY INC COMMON 15135U109 223 6,700 SH SOLE NONE 6,700 0 0 CENTERPOINT ENERGY INC COMMON 15189T107 1,280 81,400 SH SOLE NONE 81,400 0 0 CHEVRON CORP COMMON 166764100 37,237 408,073 SH SOLE NONE 342,084 0 65,989 CHUBB CORP COMMON 171232101 265,147 4,445,790 SH SOLE NONE 3,820,373 0 625,417 CHURCH & DWIGHT INC COMMON 171340102 629 9,120 SH SOLE NONE 0 0 9,120 CIGNA CORP COMMON 125509109 1,453 39,645 SH SOLE NONE 39,645 0 0 CIRCOR INTERNATIONAL INC COMMON 17273K109 655 15,497 SH SOLE NONE 15,497 0 0 CISCO SYTEMS /EUR/ COMMON 17275R102 5,105 252,362 SH SOLE NONE 210,132 0 42,230 CITIGROUP INC /CHF COMMON 172967101 1,850 391,173 SH SOLE NONE 391,173 0 0 CME GROUP INC COMMON 12572Q105 1,148 3,568 SH SOLE NONE 43 0 3,525 CMS ENERGY CORP COMMON 125896100 1,195 64,222 SH SOLE NONE 64,222 0 0 COACH INC COMMON 189754104 575 10,396 SH SOLE NONE 10,396 0 0 COCA-COLA CO COMMON 191216100 196,463 2,987,119 SH SOLE NONE 2,577,364 0 409,755 COLGATE PALMOLIVE COMMON 194162103 8,123 101,072 SH SOLE NONE 98,408 0 2,664 COMCAST CORPORATION CL A COMMON 20030N101 282,706 12,867,810 SH SOLE NONE 10,972,002 0 1,895,808 COMCAST CORPORATION SPL A COMMON 20030N200 2,788 133,989 SH SOLE NONE 60,927 0 73,062 COMMERCE BANCSHARES INC COMMON 200525103 1,745 43,908 SH SOLE NONE 43,908 0 0 CONOCOPHILLIPS COMMON 20825C104 7,649 112,317 SH SOLE NONE 106,467 0 5,850 CORN PRODUCTS INTL INC COMMON 219023108 256 5,560 SH SOLE NONE 5,560 0 0 CORNING INC COMMON 219350105 424 21,970 SH SOLE NONE 21,970 0 0 COSTCO WHOLESALE CORP COMMON 22160K105 269,162 3,727,488 SH SOLE NONE 3,161,818 0 565,670 COVIDIEN PLC /GBP/ COMMON G2554F105 1,241 27,185 SH SOLE NONE 4,999 0 22,186 CRAY INC COMMON 225223304 269 37,500 SH SOLE NONE 37,500 0 0 CROWN CASTLE INTL CORP COMMON 228227104 1,615 36,851 SH SOLE NONE 2,807 0 34,044 CSS INDUSTRIES INC /REST/ COMMON 125906107 3,294 159,840 SH SOLE NONE 159,738 0 102 CSX CORP COMMON 126408103 1,475 22,833 SH SOLE NONE 5,930 0 16,903 CVS CAREMARK CORPORATION COMMON 126650100 1,495 43,002 SH SOLE NONE 9,152 0 33,850 DANAHER CORP COMMON 235851102 564 11,950 SH SOLE NONE 2,750 0 9,200 DEERE AND CO COMMON 244199105 59,751 719,459 SH SOLE NONE 719,334 0 125 DELL INC COMMON 24702R101 132,007 9,742,206 SH SOLE NONE 8,315,373 0 1,426,833 DELTEK INC COMMON 24784L105 51,033 7,029,347 SH SOLE NONE 7,029,347 0 0 DENTSPLY INTL INC COMMON 249030107 165,908 4,855,376 SH SOLE NONE 4,116,085 0 739,291 DEVON ENERGY CORP COMMON 25179M103 1,244 15,851 SH SOLE NONE 3,631 0 12,220 DIAGEO PLC SPONSORED ADR COMMON 25243Q205 265,722 3,574,900 SH SOLE NONE 3,076,983 0 497,917 DIRECTV CLASS A COMMON 25490A101 289 7,250 SH SOLE NONE 7,250 0 0 DISCOVER FINANCIAL COMMON 254709108 672 36,282 SH SOLE NONE 36,282 0 0 DISNEY /THE WALT/ CO HLDG /CHF COMMON 254687106 4,832 128,822 SH SOLE NONE 112,747 0 16,075 DOMINION RESOURCES INC COMMON 25746U109 3,585 83,917 SH SOLE NONE 71,117 0 12,800 DOVER CORP /REST/ COMMON 260003108 2,765 47,307 SH SOLE NONE 47,307 0 0 DOW CHEM CO COMMON 260543103 1,359 39,805 SH SOLE NONE 31,095 0 8,710 DR PEPPER SNAPPLE GROUP INC COMMON 2.61E+113 348 9,904 SH SOLE NONE 5,472 0 4,432 DREAMWORKS ANIMATION SKG-A COMMON 26153C103 295 10,000 SH SOLE NONE 10,000 0 0 DU PONT (E.I) DE NEMOURS /EUR/ COMMON 263534109 6,850 137,334 SH SOLE NONE 133,594 0 3,740 DUKE ENERGY CORP COMMON 26441C105 1,678 94,234 SH SOLE NONE 92,050 0 2,184 DUN & BRADSTREET CORP COMMON 2.65E+104 566 6,900 SH SOLE NONE 6,900 0 0 EATON CORP COMMON 278058102 879 8,662 SH SOLE NONE 8,662 0 0 EBAY INC COMMON 278642103 151,192 5,432,702 SH SOLE NONE 4,587,424 0 845,278 ECOLAB INC COMMON 278865100 119,896 2,377,950 SH SOLE NONE 2,023,246 0 354,704 EDWARDS LIFESCIENCES CORP COMMON 2.82E+112 1,326 16,400 SH SOLE NONE 16,400 0 0 EL PASO CORPORATION COMMON 28336L109 2,260 164,238 SH SOLE NONE 87,768 0 76,470 ELI LILLY & CO /EUR/ COMMON 532457108 831 23,707 SH SOLE NONE 23,707 0 0 EMERSON ELEC CO COMMON 291011104 14,307 250,259 SH SOLE NONE 230,559 0 19,700 ENBRIDGE ENERGY PARTNERS LP COMMON 29250R106 437 7,000 SH SOLE NONE 7,000 0 0 ENNIS INC COMMON 293389102 385 22,500 SH SOLE NONE 22,500 0 0 ENTERGY CORP COMMON 29364G103 200 2,825 SH SOLE NONE 2,825 0 0 ENTERPRISE PRODUCTS PRTNS LP COMMON 293792107 593 14,263 SH SOLE NONE 14,263 0 0 EOG RESOURCES INC COMMON 26875P101 216,064 2,363,680 SH SOLE NONE 1,981,362 0 382,318 ESSA BANCORP INC COMMON 29667D104 463 35,000 SH SOLE NONE 35,000 0 0 EV ENERGY PARTNER LP COMMON 26926V107 1,963 50,000 SH SOLE NONE 50,000 0 0 EXELIXIS INC COMMON 30161Q104 205 25,000 SH SOLE NONE 25,000 0 0 EXELON CORPORATION COMMON 30161N101 1,092 26,226 SH SOLE NONE 26,226 0 0 EXPEDITORS INTL WASH INC COMMON 302130109 1,076 19,700 SH SOLE NONE 0 0 19,700 EXXON MOBIL CORP COMMON 30231G102 104,249 1,425,721 SH SOLE NONE 1,378,027 0 47,694 F M C CORP COMMON 302491303 399 5,000 SH SOLE NONE 5,000 0 0 FEDEX CORPORATION COMMON 31428X106 279 3,000 SH SOLE NONE 3,000 0 0 FIFTH THIRD BANCORP COMMON 316773100 1,610 109,669 SH SOLE NONE 109,532 0 137 FISERV INC COMMON 337738108 471 8,050 SH SOLE NONE 8,050 0 0 FMC TECHNOLOGIES INC COMMON 30249U101 587 6,598 SH SOLE NONE 6,598 0 0 FOOT LOCKER INC COMMON 344849104 294 15,000 SH SOLE NONE 15,000 0 0 FORD MOTOR CO DEL COMMON 345370860 988 58,844 SH SOLE NONE 30,724 0 28,120 FORD MOTOR CV 6.5% 1/15/32 CONV PFD 345395206 456 8,780 SH SOLE NONE 8,780 0 0 FORTUNE BRANDS INC COMMON 349631101 204 3,388 SH SOLE NONE 2,388 0 1,000 FRANKLIN RESOURCES INC COMMON 354613101 1,003 9,018 SH SOLE NONE 9,018 0 0 FREEPORT-MCMORAN C & G COMMON COMMON 35671D857 789 6,568 SH SOLE NONE 3,688 0 2,880 FRONTIER COMMUNICATIONS CORP COMMON 35906A108 221 22,754 SH SOLE NONE 22,754 0 0 FRONTLINE LIMITED /GBP/ COMMON G3682E127 254 10,000 SH SOLE NONE 10,000 0 0 FURNITURE BRANDS INTL INC COMMON 360921100 144 28,000 SH SOLE NONE 28,000 0 0 GALLAGHER ARTHUR J & CO COMMON 363576109 2,654 91,276 SH SOLE NONE 91,276 0 0 GEN MILLS COMMON 370334104 7,925 222,661 SH SOLE NONE 211,161 0 11,500 GENERAL ELECTRIC COMPANY /EUR/ COMMON 369604103 26,813 1,465,989 SH SOLE NONE 1,412,139 0 53,850 GENERAL GROWTH PROPERTIES INC COMMON 370023103 186 11,985 SH SOLE NONE 11,985 0 0 GENUINE PARTS CO COMMON 372460105 416 8,100 SH SOLE NONE 8,100 0 0 GENZYME CORP COMMON 372917104 226 3,177 SH SOLE NONE 3,177 0 0 GERON CORP /REST/ COMMON 374163103 52 10,000 SH SOLE NONE 10,000 0 0 GFI GROUP INC /RESTRICTED/ COMMON 361652209 2,345 500,000 SH SOLE NONE 500,000 0 0 GILEAD SCIENCES INC COMMON 375558103 272 7,517 SH SOLE NONE 2,517 0 5,000 GLATFELTER COMMON 377316104 283 23,040 SH SOLE NONE 23,040 0 0 GLAXOSMITHKLINE PLC ADR COMMON 37733W105 450 11,478 SH SOLE NONE 11,478 0 0 GLOBALSTAR INC COMMON 378973408 26 18,000 SH SOLE NONE 18,000 0 0 GOLDMAN SACHS GROUP INC /EUR/ COMMON 38141G104 1,108 6,590 SH SOLE NONE 2,110 0 4,480 GOOGLE INC CLASS A COMMON 38259P508 5,779 9,729 SH SOLE NONE 6,204 0 3,525 GRAINGER /W W/ INC COMMON 384802104 172,535 1,249,256 SH SOLE NONE 1,064,449 0 184,807 HALLIBURTON CO HOLDING COMMON 406216101 950 23,257 SH SOLE NONE 117 0 23,140 HARRIS CORP /DEL/ COMMON 413875105 6,495 143,378 SH SOLE NONE 143,378 0 0 HARTE-HANKS INC COM COMMON 416196103 2,535 198,500 SH SOLE NONE 198,500 0 0 HEINZ /H J/ CO COMMON 423074103 1,029 20,795 SH SOLE NONE 19,295 0 1,500 HEWLETT PACKARD COMMON 428236103 10,912 259,204 SH SOLE NONE 214,354 0 44,850 HOME DEPOT INC COMMON 437076102 945 26,949 SH SOLE NONE 26,949 0 0 HONEYWELL INTL INC COMMON 438516106 23,273 437,800 SH SOLE NONE 437,800 0 0 HOSPIRA INC COMMON 441060100 420 7,545 SH SOLE NONE 7,545 0 0 HOVNANIAN ENTERPRISES INC CL A COMMON 442487203 82 20,000 SH SOLE NONE 20,000 0 0 I SHARES IBOXX H/Y CORP BOND COMMON 464288513 867 9,600 SH SOLE NONE 9,600 0 0 I SHARES MSCI BRAZIL INDEX COMMON 464286400 1,040 13,433 SH SOLE NONE 12,833 0 600 IBM INTL BUS MACHINE /CHF/ COMMON 459200101 79,180 539,518 SH SOLE NONE 506,033 0 33,485 ILLINOIS TOOL WORKS COMMON 452308109 44,151 826,800 SH SOLE NONE 826,400 0 400 INGERSOLL RAND PLC COMMON G47791101 1,180 25,050 SH SOLE NONE 3,100 0 21,950 INTEGRYS ENERGY GROUP INC COMMON 45822P105 247 5,093 SH SOLE NONE 5,093 0 0 INTEL CORPORATION /EUR/ COMMON 458140100 6,974 331,637 SH SOLE NONE 308,537 0 23,100 INTERCONTINENTALEXCHANGE INC COMMON 45865V100 1,132 9,500 SH SOLE NONE 0 0 9,500 INTUIT INC COMMON 461202103 13,566 275,163 SH SOLE NONE 193,488 0 81,675 ISHARES BARCLAYS TIPS BOND COMMON 464287176 955 8,880 SH SOLE NONE 8,880 0 0 ISHARES DJ US REAL ESTATE FUND COMMON 464287739 611 10,925 SH SOLE NONE 10,925 0 0 ISHARES GOLD TRUST /GBP/ COMMON 464285105 398 28,650 SH SOLE NONE 28,650 0 0 ISHARES MSCI CANADA INDX FD COMMON 464286509 556 17,930 SH SOLE NONE 17,930 0 0 ISHARES MSCI EAFE INDEX FUND COMMON 464287465 16,463 282,775 SH SOLE NONE 267,399 0 15,376 ISHARES MSCI EMERGING MKTS IND COMMON 464287234 4,827 101,318 SH SOLE NONE 99,968 0 1,350 ISHARES MSCI PACIFIC EX JPN COMMON 464286665 494 10,523 SH SOLE NONE 10,523 0 0 ISHARES RUSSELL MIDCAP INDEX COMMON 464287499 1,810 17,785 SH SOLE NONE 17,785 0 0 ISHARES RUSSELL MIDCAP VALUE COMMON 464287473 293 6,500 SH SOLE NONE 6,500 0 0 ISHARES RUSSELL 1000 GROWTH COMMON 464287614 6,750 117,889 SH SOLE NONE 117,889 0 0 ISHARES RUSSELL 1000 VALUE COMMON 464287598 3,727 57,446 SH SOLE NONE 57,446 0 0 ISHARES RUSSELL 2000 VALUE IDX COMMON 464287630 322 4,525 SH SOLE NONE 4,525 0 0 ISHARES S & P SMALLCAP 600/VAL COMMON 464287879 669 9,303 SH SOLE NONE 9,303 0 0 ISHARES S&P MIDCAP 400 IDX FD COMMON 464287507 1,881 20,739 SH SOLE NONE 19,724 0 1,015 ISHARES S&P MIDCAP 400 VALUE COMMON 464287705 671 8,442 SH SOLE NONE 8,442 0 0 ISHARES S&P S/T NATION MNI ETF COMMON 464288158 1,275 12,250 SH SOLE NONE 12,250 0 0 ISHARES S&P SMALLCAP 600 INDEX COMMON 464287804 663 9,679 SH SOLE NONE 8,440 0 1,239 ISHARES S&P 100 INDEX FUND COMMON 464287101 7,030 124,050 SH SOLE NONE 124,050 0 0 ISHARES SP NATL AMT FREE MUN COMMON 464288414 2,541 25,620 SH SOLE NONE 25,620 0 0 ISHARES TR RUSSELL 2000 GROWTH COMMON 464287648 882 10,088 SH SOLE NONE 10,088 0 0 ISHARES TRUST RUSSELL 2000 COMMON 464287655 3,271 41,802 SH SOLE NONE 41,802 0 0 ISHARES TRUST S & P 500 COMMON 464287200 15,755 124,795 SH SOLE NONE 93,924 0 30,871 JOHNSON & JOHNSON COMMON 478160104 203,022 3,282,483 SH SOLE NONE 2,845,452 0 437,031 JOHNSON CONTROLS INC COMMON 478366107 237 6,200 SH SOLE NONE 4,600 0 1,600 JPMORGAN CHASE & COMPANY COMMON 46625H100 8,798 207,410 SH SOLE NONE 174,117 0 33,293 JUNIPER NETWORKS INC COMMON 48203R104 1,624 44,000 SH SOLE NONE 44,000 0 0 KELLOGG CO COMMON 487836108 3,317 64,941 SH SOLE NONE 58,941 0 6,000 KELLY SVCS INC CLASS A COMMON 488152208 280 14,900 SH SOLE NONE 14,900 0 0 KENNAMETAL INC /REST/ COMMON 489170100 490 12,408 SH SOLE NONE 12,408 0 0 KIMBERLY CLARK COMMON 494368103 5,947 94,337 SH SOLE NONE 93,637 0 700 KINDER MORGAN ENERGY PARTN LP COMMON 494550106 1,496 21,292 SH SOLE NONE 21,292 0 0 KKR FINANCIAL HOLDINGS LLC COMMON 48248A306 512 55,000 SH SOLE NONE 55,000 0 0 KRAFT FOODS INC /CHF/ COMMON 50075N104 3,677 116,685 SH SOLE NONE 102,641 0 14,044 LABRANCHE & CO COMMON 505447102 79 22,000 SH SOLE NONE 22,000 0 0 LAUDER ESTEE COS INC CL A COMMON 518439104 1,867 23,140 SH SOLE NONE 23,140 0 0 LEUCADIA NATL CORP COMMON 527288104 353 12,100 SH SOLE NONE 12,100 0 0 LEVEL 3 COMMUNICATIONS /REST/ COMMON 52729N100 392 399,841 SH SOLE NONE 399,841 0 0 LIBERTY GLOBAL INC-A COMMON 530555101 133,612 3,776,484 SH SOLE NONE 3,507,136 0 269,348 LIBERTY GLOBAL INC-C COMMON 530555309 14,624 431,506 SH SOLE NONE 73,768 0 357,738 LIBERTY MEDIA INTERACTIVE A COMMON 53071M104 159,125 10,090,356 SH SOLE NONE 8,526,535 0 1,563,821 LIFE TECHNOLOGIES CORP COMMON 53217V109 222 4,006 SH SOLE NONE 4,006 0 0 LINCOLN NATL CORP IND COMMON 534187109 225 8,080 SH SOLE NONE 8,080 0 0 LOCKHEED MARTIN CORP COMMON 539830109 224 3,209 SH SOLE NONE 3,209 0 0 LOEWS CORP COMMON 540424108 4,501 115,688 SH SOLE NONE 115,688 0 0 LORILLARD INC COMMON 544147101 1,031 12,568 SH SOLE NONE 12,568 0 0 LOWES COMPANIES INC COMMON 548661107 4,722 188,296 SH SOLE 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337 5,860 SH SOLE NONE 5,860 0 0 VERISIGN INC COMMON 9.23E+106 1,001 30,630 SH SOLE NONE 430 0 30,200 VERIZON COMMUNICATIONS COMMON 92343V104 6,415 179,297 SH SOLE NONE 177,297 0 2,000 VIACOM INC-CLASS B COMMON 92553P201 416 10,498 SH SOLE NONE 10,498 0 0 VISA INC CLASS A SHARES COMMON 92826C839 202,969 2,883,908 SH SOLE NONE 2,391,608 0 492,300 VISTAPRINT N V COMMON N93540107 13,802 300,034 SH SOLE NONE 300,034 0 0 VODAFONE GROUP PLC COMMON 92857W209 911 34,447 SH SOLE NONE 29,822 0 4,625 VULCAN MATERIALS COMMON 929160109 3,173 71,526 SH SOLE NONE 56,358 0 15,168 WAL-MART STORES INC COMMON 931142103 306,260 5,678,852 SH SOLE NONE 4,852,509 0 826,343 WALGREEN CO COMMON 931422109 272,993 7,007,002 SH SOLE NONE 5,925,719 0 1,081,283 WASHINGTON POST CO CL B COMMON 939640108 3,277 7,457 SH SOLE NONE 7,457 0 0 WASHINGTON TR BANCORP INC COMMON 940610108 730 33,380 SH SOLE NONE 33,380 0 0 WASTE MANAGEMENT INC COMMON 94106L109 369,992 10,035,047 SH SOLE NONE 8,636,244 0 1,398,803 WATTS WATER 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SOLE NONE 10,000 0 0 ZIMMER HOLDINGS INC COMMON 98956P102 632 11,773 SH SOLE NONE 8,573 0 3,200 ZOLL MEDICAL CORP COMMON 989922109 285 7,650 SH SOLE NONE 7,650 0 0 3M COMPANY COMMON 88579Y101 16,226 188,017 SH SOLE NONE 185,667 0 2,350 ------------------------------------------------------------------------------------------------------------------------------------ GRAND TOTALS 8,607,038 ------------------------------------------------------------------------------------------------------------------------------------