0001144204-11-028871.txt : 20110513 0001144204-11-028871.hdr.sgml : 20110513 20110513114338 ACCESSION NUMBER: 0001144204-11-028871 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110513 DATE AS OF CHANGE: 20110513 EFFECTIVENESS DATE: 20110513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BROWN BROTHERS HARRIMAN & CO CENTRAL INDEX KEY: 0000014661 IRS NUMBER: 134973745 STATE OF INCORPORATION: NY FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-00408 FILM NUMBER: 11838941 BUSINESS ADDRESS: STREET 1: 140 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10005-1101 BUSINESS PHONE: 2124938200 MAIL ADDRESS: STREET 1: 140 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10005-1101 13F-HR 1 v222476_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: March 31, 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: 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 10, 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: 455 --------------- Form 13F Information Table Value Total: 9,850,736 --------------- (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 334 13,820 SH SOLE NONE 2,920 0 10,900 ABBOTT LABORATORIES COMMON 002824100 16,237 331,035 SH SOLE NONE 298,725 0 32,310 ABIOMED INC /REST/ COMMON 003654100 211 14,500 SH SOLE NONE 14,500 0 0 ACCENTURE PLC CL A /RESTRICTED COMMON G1151C101 209 3,803 SH SOLE NONE 2,403 0 1,400 ACE LIMITED COMMON H0023R105 870 13,450 SH SOLE NONE 0 0 13,450 ADOBE SYSTEMS INC COMMON 00724F101 1,226 36,965 SH SOLE NONE 1,665 0 35,300 AEGON NV ORD AMER REG COMMON 007924103 117 15,534 SH SOLE NONE 15,534 0 0 AFLAC INC COMMON 001055102 2,560 48,495 SH SOLE NONE 48,189 0 306 AGCO CORP COMMON 001084102 825 15,000 SH SOLE NONE 15,000 0 0 AGL RES INC COMMON 001204106 271 6,800 SH SOLE NONE 6,800 0 0 AIR PRODUCTS & CHEMICALS COMMON 009158106 1,544 17,122 SH SOLE NONE 17,122 0 0 ALBEMARLE CORP COMMON 012653101 418 7,000 SH SOLE NONE 7,000 0 0 ALCATEL LUCENT SPONS ADR /EUR COMMON 013904305 444 76,341 SH SOLE NONE 76,341 0 0 ALCOA INC /EUR/ COMMON 013817101 1,229 69,600 SH SOLE NONE 69,600 0 0 ALLERGAN INC COMMON 018490102 2,511 35,352 SH SOLE NONE 13,552 0 21,800 ALLIANT TECHSYSTEMS INC COMMON 018804104 482 6,820 SH SOLE NONE 6,820 0 0 ALLSTATE CORP COMMON 020002101 1,467 46,167 SH SOLE NONE 46,167 0 0 ALTISOURCE PORT SOLUTIONS SA COMMON L0175J104 15,874 517,420 SH SOLE NONE 517,420 0 0 ALTRIA GROUP INC COMMON 02209S103 5,670 217,820 SH SOLE NONE 217,820 0 0 AMAZON COM INC COMMON 023135106 665 3,690 SH SOLE NONE 3,690 0 0 AMERICA MOVIL SAB DE CV SER L COMMON 02364W105 264 4,550 SH SOLE NONE 4,550 0 0 AMERICAN DENTAL PARTNERS INC COMMON 025353103 15,385 1,172,650 SH SOLE NONE 1,172,650 0 0 AMERICAN ELEC PWR INC COMMON 025537101 498 14,167 SH SOLE NONE 14,167 0 0 AMERICAN EXPRESS COMPANY COMMON 025816109 5,679 125,633 SH SOLE NONE 123,083 0 2,550 AMERICAN INTERNATIONAL GROUP COMMON 026874784 263 7,494 SH SOLE NONE 7,494 0 0 AMERICAN SCIENCE & ENGINE INC COMMON 029429107 647 7,000 SH SOLE NONE 7,000 0 0 AMERICAN SUPERCONDUCTOR /REST COMMON 030111108 373 15,000 SH SOLE NONE 15,000 0 0 AMERICAN WATER WORKS CO INC COMMON 030420103 449 16,000 SH SOLE NONE 6,000 0 10,000 AMERIPRISE FINANCIAL INC COMMON 03076C106 892 14,610 SH SOLE NONE 14,610 0 0 AMERISOURCEBERGEN CORP CLASS A COMMON 03073E105 807 20,402 SH SOLE NONE 20,000 0 402 AMGEN INC COMMON 031162100 1,574 29,445 SH SOLE NONE 14,950 0 14,495 ANADARKO PETE CORP COMMON 032511107 3,831 46,760 SH SOLE NONE 46,760 0 0 ANALOG DEVICES INC COMMON 032654105 425 10,799 SH SOLE NONE 10,000 0 799 AON CORP COMMON 037389103 3,524 66,535 SH SOLE NONE 66,535 0 0 APACHE CORP COMMON 037411105 3,816 29,151 SH SOLE NONE 15,031 0 14,120 APOLLO GROUP INC CL A COMMON 037604105 1,237 29,652 SH SOLE NONE 252 0 29,400 APPLE INC /EUR/ COMMON 037833100 12,314 35,334 SH SOLE NONE 24,285 0 11,049 ARCH COAL INC COMMON 039380100 303 8,394 SH SOLE NONE 8,394 0 0 ARCHIPELAGO LEARNING INC COMMON 03956P102 17,739 2,074,736 SH SOLE NONE 2,074,736 0 0 ARTESIAN RESOURCES CORP CL A COMMON 043113208 297 15,225 SH SOLE NONE 15,225 0 0 ASPEN TECHNOLOGY INC COMMON 045327103 55,122 3,677,229 SH SOLE NONE 3,677,229 0 0 AT&T INC COMMON 00206R102 14,592 476,704 SH SOLE NONE 475,726 0 978 AU OPTRONICS CORP ADR SPON COMMON 002255107 163 18,572 SH SOLE NONE 18,572 0 0 AUTODESK INC COMMON 052769106 300 6,800 SH SOLE NONE 6,800 0 0 AUTOMATIC DATA PROCESSING COMMON 053015103 174,450 3,399,918 SH SOLE NONE 2,941,046 0 458,872 AUTOZONE INC COMMON 053332102 957 3,500 SH SOLE NONE 3,500 0 0 AVIAT NETWORKS INC COMMON 05366Y102 179 34,597 SH SOLE NONE 34,597 0 0 AVON PRODUCTS COMMON 054303102 2,072 76,643 SH SOLE NONE 71,643 0 5,000 BALLARD POWER SYSTEMS INC/EUR COMMON 058586108 47 20,300 SH SOLE NONE 20,300 0 0 BANK NEW YORK MELLON CORP COMMON 064058100 2,046 68,512 SH SOLE NONE 34,512 0 34,000 BANK OF AMERICA CORP COMMON 060505104 7,823 586,852 SH SOLE NONE 507,952 0 78,900 BARCLAYS BANK PLC PREFERRED COMMON 06739H362 1,065 40,500 SH SOLE NONE 40,500 0 0 BARD /C R/ INC COMMON 067383109 1,755 17,666 SH SOLE NONE 17,000 0 666 BAXTER INTL INC COMMON 071813109 341,693 6,354,721 SH SOLE NONE 5,503,511 0 851,210 BB&T CORPORATION COMMON 054937107 3,195 116,407 SH SOLE NONE 116,407 0 0 BECKMAN COULTER INC COMMON 075811109 856 10,300 SH SOLE NONE 10,300 0 0 BECTON DICKINSON & CO COMMON 075887109 14,661 184,137 SH SOLE NONE 180,362 0 3,775 BED BATH & BEYOND INC COMMON 075896100 918 19,024 SH SOLE NONE 18,225 0 799 BERKSHIRE HATHAWAY /DEL/ CL A COMMON 084670108 164,018 1,309 SH SOLE NONE 910 0 399 BERKSHIRE HATHAWAY C B CLASS B COMMON 084670702 356,521 4,263,071 SH SOLE NONE 4,051,346 0 211,725 BHP BILLITON LIMITED ADR COMMON 088606108 289 3,010 SH SOLE NONE 3,010 0 0 BILL BARRETT CORP /REST/ COMMON 06846N104 888 22,247 SH SOLE NONE 22,247 0 0 BIO RAD LABORATORIES INC CL A COMMON 090572207 74,141 617,119 SH SOLE NONE 617,119 0 0 BIOGEN IDEC INC COMMON 09062X103 411 5,595 SH SOLE NONE 5,595 0 0 BIOSANTE PHARMACEUTICALS COMMON 09065V203 40 20,000 SH SOLE NONE 20,000 0 0 BIOTECH HOLDERS TR DEP RCPTS COMMON 09067D201 213 2,000 SH SOLE NONE 2,000 0 0 BLACKROCK CREDIT ALLOCAT IN COMMON 09255J101 175 19,100 SH SOLE NONE 19,100 0 0 BLACKSTONE GROUP LP/THE COMMON 09253U108 358 20,000 SH SOLE NONE 20,000 0 0 BOEING CO COMMON 097023105 3,925 53,096 SH SOLE NONE 51,696 0 1,400 BOSTON SCIENTIFIC CORP COMMON 101137107 176 24,500 SH SOLE NONE 24,500 0 0 BP PLC SPONSORED ADR COMMON 055622104 1,963 44,461 SH SOLE NONE 40,461 0 4,000 BRISTOL MYERS SQUIBB CO COMMON 110122108 8,100 306,480 SH SOLE NONE 297,480 0 9,000 BRITISH AMERICAN TOB SPON ADR COMMON 110448107 401 4,951 SH SOLE NONE 4,951 0 0 BROADSOFT INC COMMON 11133B409 1,440 30,244 SH SOLE NONE 30,244 0 0 BROOKFIELD ASSET MGMT INC COMMON 112585104 396 12,200 SH SOLE NONE 3,200 0 9,000 BUCKEYE PARTNERS L P /REST/ COMMON 118230101 254 4,000 SH SOLE NONE 4,000 0 0 BUNGE LTD COMMON G16962105 1,302 18,000 SH SOLE NONE 18,000 0 0 CA INC COMMON 12673P105 361 14,915 SH SOLE NONE 14,915 0 0 CABLEVISION SYS CORP NY GRP A COMMON 12686C109 359 10,361 SH SOLE NONE 10,361 0 0 CABOT CORP COMMON 127055101 1,498 32,369 SH SOLE NONE 32,369 0 0 CABOT MICROELECTRONICS CORP COMMON 12709P103 1,034 19,786 SH SOLE NONE 17,786 0 2,000 CADENCE DESIGN SYS INC COMMON 127387108 159 16,350 SH SOLE NONE 16,350 0 0 CAMERON INTERNATIONAL CORP COMMON 13342B105 13,354 233,870 SH SOLE NONE 220,000 0 13,870 CAMPBELL SOUP COMMON 134429109 1,262 38,128 SH SOLE NONE 38,030 0 98 CARPENTER TECHNOLOGY COMMON 144285103 745 17,444 SH SOLE NONE 17,444 0 0 CASUALMALE RETAIL GROUP INC COMMON 148711302 98 20,000 SH SOLE NONE 20,000 0 0 CATERPILLAR INC /EUR/ COMMON 149123101 8,465 76,021 SH SOLE NONE 74,956 0 1,065 CBS CORP-CLASS B COMMON 124857202 615 24,558 SH SOLE NONE 4,558 0 20,000 CELANESE CORPORATION SER A COMMON 150870103 1,553 35,000 SH SOLE NONE 35,000 0 0 CENOVUS ENERGY INC COMMON 15135U109 264 6,700 SH SOLE NONE 6,700 0 0 CENTERPOINT ENERGY INC COMMON 15189T107 1,489 84,800 SH SOLE NONE 84,800 0 0 CHEVRON CORP COMMON 166764100 41,309 384,306 SH SOLE NONE 321,957 0 62,349 CHUBB CORP COMMON 171232101 305,921 4,989,745 SH SOLE NONE 4,352,513 0 637,232 CHURCH & DWIGHT INC COMMON 171340102 724 9,120 SH SOLE NONE 0 0 9,120 CIGNA CORP COMMON 125509109 1,755 39,645 SH SOLE NONE 39,645 0 0 CIRCOR INTERNATIONAL INC COMMON 17273K109 437 9,297 SH SOLE NONE 9,297 0 0 CISCO SYTEMS /EUR/ COMMON 17275R102 4,954 288,848 SH SOLE NONE 236,618 0 52,230 CITIGROUP INC /CHF COMMON 172967101 1,828 413,589 SH SOLE NONE 413,589 0 0 CME GROUP INC COMMON 12572Q105 1,076 3,568 SH SOLE NONE 43 0 3,525 CMS ENERGY CORP /REST/ COMMON 125896100 401 20,398 SH SOLE NONE 20,398 0 0 COACH INC COMMON 189754104 541 10,396 SH SOLE NONE 10,396 0 0 COCA COLA ENTERPRISES INC COMMON 19122T109 27,300 1,000,000 SH SOLE NONE 1,000,000 0 0 COCA-COLA CO COMMON 191216100 230,460 3,473,919 SH SOLE NONE 3,014,389 0 459,530 COLGATE PALMOLIVE COMMON 194162103 7,617 94,317 SH SOLE NONE 93,653 0 664 COMCAST CORPORATION CL A COMMON 20030N101 360,637 14,588,890 SH SOLE NONE 12,638,782 0 1,950,108 COMCAST CORPORATION SPL A COMMON 20030N200 3,103 133,614 SH SOLE NONE 60,552 0 73,062 COMMERCE BANCSHARES INC COMMON 200525103 803 19,864 SH SOLE NONE 19,864 0 0 CONOCOPHILLIPS COMMON 20825C104 9,793 122,622 SH SOLE NONE 116,772 0 5,850 CONSOL ENERGY INC COMMON 20854P109 858 16,000 SH SOLE NONE 16,000 0 0 CORELOGIC INC COMMON 21871D103 28,167 1,522,553 SH SOLE NONE 1,522,553 0 0 CORNING INC COMMON 219350105 453 21,970 SH SOLE NONE 21,970 0 0 COSTCO WHOLESALE CORP COMMON 22160K105 239,312 3,263,938 SH SOLE NONE 2,818,985 0 444,953 CRAY INC COMMON 225223304 242 37,500 SH SOLE NONE 37,500 0 0 CROWN CASTLE INTL CORP COMMON 228227104 1,640 38,544 SH SOLE NONE 0 0 38,544 CSS INDUSTRIES INC /REST/ COMMON 125906107 3,011 159,738 SH SOLE NONE 159,738 0 0 CSX CORP COMMON 126408103 1,689 21,483 SH SOLE NONE 4,580 0 16,903 CTRIP.COM INTERNATIONAL LTD COMMON 22943F100 896 21,600 SH SOLE NONE 0 0 21,600 CVS CAREMARK CORPORATION COMMON 126650100 1,562 45,502 SH SOLE NONE 11,652 0 33,850 DANAHER CORP COMMON 235851102 620 11,950 SH SOLE NONE 2,750 0 9,200 DE LUXE CORP COMMON 248019101 287 10,800 SH SOLE NONE 10,800 0 0 DEERE AND CO COMMON 244199105 56,490 583,034 SH SOLE NONE 582,909 0 125 DELL INC COMMON 24702R101 164,111 11,310,201 SH SOLE NONE 9,836,918 0 1,473,283 DELTEK INC COMMON 24784L105 71,463 9,403,020 SH SOLE NONE 9,403,020 0 0 DENTSPLY INTL INC COMMON 249030107 200,814 5,428,864 SH SOLE NONE 4,674,248 0 754,616 DEVON ENERGY CORP COMMON 25179M103 2,048 22,322 SH SOLE NONE 11,550 0 10,772 DIAGEO PLC SPONSORED ADR COMMON 25243Q205 286,674 3,761,136 SH SOLE NONE 3,249,239 0 511,897 DIRECTV CLASS A COMMON 25490A101 339 7,250 SH SOLE NONE 7,250 0 0 DISCOVER FINANCIAL COMMON 254709108 880 36,467 SH SOLE NONE 36,467 0 0 DISNEY /THE WALT/ CO HLDG CO COMMON 254687106 5,862 136,044 SH SOLE NONE 119,969 0 16,075 DOMINION RESOURCES INC COMMON 25746U109 3,627 81,149 SH SOLE NONE 70,149 0 11,000 DOVER CORP /REST/ COMMON 260003108 2,614 39,766 SH SOLE NONE 39,766 0 0 DOW CHEM CO COMMON 260543103 1,511 40,025 SH SOLE NONE 31,315 0 8,710 DR PEPPER SNAPPLE GROUP INC COMMON 26138E109 368 9,904 SH SOLE NONE 5,472 0 4,432 DREAMWORKS ANIMATION SKG-A COMMON 26153C103 279 10,000 SH SOLE NONE 10,000 0 0 DU PONT /E I/ DE NEMOURS & CO COMMON 263534109 9,487 172,576 SH SOLE NONE 169,336 0 3,240 DUKE ENERGY CORP COMMON 26441C105 1,922 105,900 SH SOLE NONE 103,716 0 2,184 DUN & BRADSTREET CORP COMMON 26483E100 618 7,700 SH SOLE NONE 6,900 0 800 EASTMAN KODAK COMMON 277461109 49 15,250 SH SOLE NONE 15,250 0 0 EATON CORP COMMON 278058102 863 15,574 SH SOLE NONE 15,574 0 0 EBAY INC COMMON 278642103 182,156 5,868,413 SH SOLE NONE 5,040,355 0 828,058 ECOLAB INC COMMON 278865100 138,985 2,724,119 SH SOLE NONE 2,357,010 0 367,109 EDWARDS LIFESCIENCES CORP COMMON 28176E108 1,427 16,400 SH SOLE NONE 16,400 0 0 EL PASO CORPORATION COMMON 28336L109 1,619 89,950 SH SOLE NONE 29,700 0 60,250 ELI LILLY & CO /EUR/ COMMON 532457108 806 22,907 SH SOLE NONE 22,907 0 0 EMERSON ELEC CO COMMON 291011104 14,973 256,260 SH SOLE NONE 236,560 0 19,700 ENBRIDGE ENERGY PARTNERS LP COMMON 29250R106 452 7,000 SH SOLE NONE 7,000 0 0 ENCANA CORP /EUR/ COMMON 292505104 291 8,428 SH SOLE NONE 8,428 0 0 ENNIS INC COMMON 293389102 383 22,500 SH SOLE NONE 22,500 0 0 ENTERPRISE PRODUCTS PRTNS LP COMMON 293792107 679 15,763 SH SOLE NONE 15,763 0 0 EOG RESOURCES INC COMMON 26875P101 288,717 2,436,225 SH SOLE NONE 2,085,049 0 351,176 EQUAL ENERGY LTD COMMON 29390Q109 165 20,000 SH SOLE NONE 20,000 0 0 ESSA BANCORP INC COMMON 29667D104 462 35,000 SH SOLE NONE 35,000 0 0 EXELIXIS INC COMMON 30161Q104 385 34,000 SH SOLE NONE 34,000 0 0 EXELON CORPORATION COMMON 30161N101 1,226 29,726 SH SOLE NONE 29,726 0 0 EXPEDITORS INTL WASH INC COMMON 302130109 988 19,700 SH SOLE NONE 0 0 19,700 EXXON MOBIL CORP COMMON 30231G102 116,759 1,387,837 SH SOLE NONE 1,340,143 0 47,694 F M C CORP COMMON 302491303 321 3,775 SH SOLE NONE 3,775 0 0 FEDEX CORPORATION COMMON 31428X106 253 2,700 SH SOLE NONE 2,700 0 0 FIFTH THIRD BANCORP COMMON 316773100 1,514 109,041 SH SOLE NONE 109,041 0 0 FIRST SOLAR INC COMMON 336433107 241 1,500 SH SOLE NONE 1,500 0 0 FISERV INC COMMON 337738108 505 8,050 SH SOLE NONE 8,050 0 0 FLEXTRONICS INTL LTD /REST/ COMMON Y2573F102 86 11,500 SH SOLE NONE 11,500 0 0 FMC TECHNOLOGIES INC COMMON 30249U101 501 5,298 SH SOLE NONE 5,298 0 0 FOOT LOCKER INC COMMON 344849104 296 15,000 SH SOLE NONE 15,000 0 0 FORD MOTOR CO DEL COMMON 345370860 559 37,474 SH SOLE NONE 37,474 0 0 FORTUNE BRANDS INC COMMON 349631101 210 3,388 SH SOLE NONE 2,388 0 1,000 FRANKLIN RESOURCES INC COMMON 354613101 1,121 8,959 SH SOLE NONE 8,959 0 0 FREEPORT-MCMORAN C & G COMMON COMMON 35671D857 954 17,166 SH SOLE NONE 2,816 0 14,350 FRONTIER COMMUNICATIONS CORP COMMON 35906A108 167 20,283 SH SOLE NONE 20,283 0 0 FRONTLINE LIMITED /GBP/ COMMON G3682E127 248 10,000 SH SOLE NONE 10,000 0 0 FUELCELL ENERGY INC COMMON 35952H106 43 20,100 SH SOLE NONE 20,100 0 0 FURNITURE BRANDS INTL INC COMMON 360921100 127 28,000 SH SOLE NONE 28,000 0 0 GALLAGHER ARTHUR J & CO COMMON 363576109 2,776 91,276 SH SOLE NONE 91,276 0 0 GEN MILLS COMMON 370334104 9,276 253,796 SH SOLE NONE 240,546 0 13,250 GENERAL ELECTRIC COMPANY /EUR COMMON 369604103 28,593 1,426,108 SH SOLE NONE 1,372,833 0 53,275 GENERAL GROWTH PROPERTIES INC COMMON 370023103 189 12,241 SH SOLE NONE 12,241 0 0 GENON ENERGY INC COMMON 37244E107 48 12,601 SH SOLE NONE 12,601 0 0 GENUINE PARTS CO COMMON 372460105 434 8,100 SH SOLE NONE 8,100 0 0 GERON CORP /REST/ COMMON 374163103 51 10,000 SH SOLE NONE 10,000 0 0 GFI GROUP INC /RESTRICTED/ COMMON 361652209 2,510 500,000 SH SOLE NONE 500,000 0 0 GILEAD SCIENCES INC COMMON 375558103 314 7,400 SH SOLE NONE 2,400 0 5,000 GLATFELTER COMMON 377316104 307 23,040 SH SOLE NONE 23,040 0 0 GLAXOSMITHKLINE PLC ADR COMMON 37733W105 441 11,478 SH SOLE NONE 11,478 0 0 GOLDMAN SACHS GROUP INC COMMON 38141G104 1,353 8,530 SH SOLE NONE 4,050 0 4,480 GOOGLE INC CLASS A COMMON 38259P508 5,741 9,784 SH SOLE NONE 6,309 0 3,475 GRAINGER /W W/ INC COMMON 384802104 135,059 980,963 SH SOLE NONE 844,174 0 136,789 HALLIBURTON CO HOLDING COMMON 406216101 1,276 25,600 SH SOLE NONE 2,000 0 23,600 HARRIS CORP /DEL/ COMMON 413875105 7,112 143,378 SH SOLE NONE 143,378 0 0 HARTE-HANKS INC COM COMMON 416196103 2,362 198,500 SH SOLE NONE 198,500 0 0 HEADWATERS INC COMMON 42210P102 118 20,000 SH SOLE NONE 20,000 0 0 HEINZ /H J/ CO COMMON 423074103 905 18,545 SH SOLE NONE 17,045 0 1,500 HEWLETT PACKARD COMMON 428236103 10,187 248,648 SH SOLE NONE 201,798 0 46,850 HOME DEPOT INC COMMON 437076102 914 24,658 SH SOLE NONE 24,658 0 0 HONEYWELL INTL INC COMMON 438516106 26,496 443,750 SH SOLE NONE 443,750 0 0 HOSPIRA INC COMMON 441060100 331 6,004 SH SOLE NONE 6,004 0 0 HOST HOTELS & RESORTS INC/REIT COMMON 44107P104 196 11,149 SH SOLE NONE 11,149 0 0 HOVNANIAN ENTERPRISES INC CL A COMMON 442487203 71 20,000 SH SOLE NONE 20,000 0 0 HUMAN GENOME SCIENCES INC COMMON 444903108 275 10,000 SH SOLE NONE 10,000 0 0 I SHARES IBOXX H/Y CORP BOND COMMON 464288513 883 9,600 SH SOLE NONE 9,600 0 0 I SHARES MSCI BRAZIL INDEX COMMON 464286400 1,078 13,912 SH SOLE NONE 13,512 0 400 IBM INTL BUS MACHINE /CHF/ COMMON 459200101 86,329 529,401 SH SOLE NONE 496,641 0 32,760 ILLINOIS TOOL WORKS COMMON 452308109 43,576 811,170 SH SOLE NONE 810,770 0 400 INGERSOLL RAND PLC COMMON G47791101 1,172 24,250 SH SOLE NONE 2,300 0 21,950 INTEGRYS ENERGY GROUP INC COMMON 45822P105 257 5,093 SH SOLE NONE 5,093 0 0 INTEL CORPORATION /EUR/ COMMON 458140100 8,755 433,847 SH SOLE NONE 410,747 0 23,100 INTERCONTINENTALEXCHANGE INC COMMON 45865V100 1,174 9,500 SH SOLE NONE 0 0 9,500 INTUIT INC COMMON 461202103 10,711 201,668 SH SOLE NONE 136,368 0 65,300 ISHARES BARCLAYS TIPS BOND COMMON 464287176 969 8,880 SH SOLE NONE 8,880 0 0 ISHARES DJ US REAL ESTATE FUND COMMON 464287739 802 13,505 SH SOLE NONE 12,215 0 1,290 ISHARES GOLD TRUST COMMON 464285105 402 28,650 SH SOLE NONE 28,650 0 0 ISHARES MSCI CANADA INDX FD COMMON 464286509 713 21,205 SH SOLE NONE 21,205 0 0 ISHARES MSCI EAFE INDEX FUND COMMON 464287465 16,606 276,399 SH SOLE NONE 263,658 0 12,741 ISHARES MSCI EMERGING MKTS IND COMMON 464287234 4,904 100,768 SH SOLE NONE 99,418 0 1,350 ISHARES MSCI PACIFIC EX JPN COMMON 464286665 576 11,931 SH SOLE NONE 11,931 0 0 ISHARES RUSSELL MIDCAP INDEX COMMON 464287499 2,003 18,377 SH SOLE NONE 18,377 0 0 ISHARES RUSSELL MIDCAP VALUE COMMON 464287473 313 6,500 SH SOLE NONE 6,500 0 0 ISHARES RUSSELL 1000 GROWTH COMMON 464287614 7,129 117,889 SH SOLE NONE 117,889 0 0 ISHARES RUSSELL 1000 VALUE COMMON 464287598 3,945 57,446 SH SOLE NONE 57,446 0 0 ISHARES RUSSELL 2000 VALUE IDEX COMMON 464287630 341 4,525 SH SOLE NONE 4,525 0 0 ISHARES S & P SMALLCAP 600/VAL COMMON 464287879 709 9,303 SH SOLE NONE 9,303 0 0 ISHARES S&P MIDCAP 400 IDX FD COMMON 464287507 2,161 21,889 SH SOLE NONE 19,749 0 2,140 ISHARES S&P MIDCAP 400 VALUE COMMON 464287705 728 8,442 SH SOLE NONE 8,442 0 0 ISHARES S&P S/T NATION MNI ETF COMMON 464288158 1,285 12,250 SH SOLE NONE 12,250 0 0 ISHARES S&P SMALLCAP 600 INDEX COMMON 464287804 570 7,753 SH SOLE NONE 6,514 0 1,239 ISHARES S&P 100 INDEX FUND COMMON 464287101 7,506 126,473 SH SOLE NONE 126,473 0 0 ISHARES SP NATL AMT FREE MUN COMMON 464288414 2,435 24,489 SH SOLE NONE 24,489 0 0 ISHARES TR RUSSELL 2000 GROWTH COMMON 464287648 962 10,088 SH SOLE NONE 10,088 0 0 ISHARES TRUST RUSSELL 2000 COMMON 464287655 3,182 37,802 SH SOLE NONE 37,802 0 0 ISHARES TRUST S & P 500 COMMON 464287200 16,435 123,560 SH SOLE NONE 92,489 0 31,071 JOHNSON & JOHNSON COMMON 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12,971 258,535 SH SOLE NONE 258,535 0 0 TEXAS INSTRUMENTS INC COMMON 882508104 353 10,200 SH SOLE NONE 7,800 0 2,400 TEXAS PAC LAND TR SUB SHS COMMON 882610108 357 8,000 SH SOLE NONE 8,000 0 0 THERMO FISHER SCIENTIFIC INC COMMON 883556102 1,212 21,822 SH SOLE NONE 7,537 0 14,285 THOMAS GROUP INC COMMON 884402207 190 140,000 SH SOLE NONE 140,000 0 0 TIME WARNER CABLE COMMON 88732J207 385 5,391 SH SOLE NONE 5,374 0 17 TIME WARNER INC COMMON 887317303 649 18,171 SH SOLE NONE 17,602 0 569 TJX COS INC /NEW/ COMMON 872540109 607 12,200 SH SOLE NONE 12,200 0 0 TORONTO DOMINION BANK COMMON 891160509 2,025 22,863 SH SOLE NONE 22,863 0 0 TOTAL SA SPON ADR COMMON 89151E109 1,849 30,330 SH SOLE NONE 30,330 0 0 TRANSOCEAN LTD COMMON H8817H100 627 8,042 SH SOLE NONE 7,766 0 276 TRAVELERS COS INC/THE COMMON 89417E109 3,973 66,791 SH SOLE NONE 66,791 0 0 TRIMERIS INC COMMON 896263100 38 15,000 SH SOLE NONE 15,000 0 0 TYCO INTERNATIONAL LTD NEW F COMMON H89128104 468 10,449 SH SOLE NONE 4,449 0 6,000 TYLER TECHNOLOGIES INC COMMON 902252105 92,114 3,885,013 SH SOLE NONE 3,885,013 0 0 UBS AG /EUR/ COMMON H89231338 1,625 90,000 SH SOLE NONE 90,000 0 0 ULTRA PETROLEUM CORP COMMON 903914109 653 13,259 SH SOLE NONE 13,259 0 0 UNION PACIFIC CORP COMMON 907818108 55,022 559,565 SH SOLE NONE 550,965 0 8,600 UNITED PARCEL SERVICE CL B COMMON 911312106 185,959 2,502,135 SH SOLE NONE 2,489,555 0 12,580 UNITED TECHNOLOGIES CORP/REST COMMON 913017109 13,371 157,952 SH SOLE NONE 132,450 0 25,502 UNITEDHEALTH GROUP INC COMMON 91324P102 1,361 30,106 SH SOLE NONE 9,106 0 21,000 URANIUM ENERGY CORP COMMON 916896103 60 15,000 SH SOLE NONE 15,000 0 0 US BANCORP COMMON 902973304 335,190 12,682,192 SH SOLE NONE 10,974,170 0 1,708,022 VAALCO ENERGY INC COMMON 91851C201 125 16,167 SH SOLE NONE 16,167 0 0 VALEANT PHARMACEUTICALS INTERN COMMON 91911K102 498 10,000 SH SOLE NONE 10,000 0 0 VANGUARD MID-CAP ETF COMMON 922908629 1,822 22,620 SH SOLE NONE 0 0 22,620 VANGUARD MSCI EMERGING MKTS COMMON 922042858 4,807 98,207 SH SOLE NONE 98,207 0 0 VERISIGN INC COMMON 92343E102 836 23,100 SH SOLE NONE 0 0 23,100 VERISK ANALYTICS INC-CL A COMMON 92345Y106 3,286 100,300 SH SOLE NONE 100,300 0 0 VERIZON COMMUNICATIONS COMMON 92343V104 6,750 175,138 SH SOLE NONE 173,138 0 2,000 VIACOM INC-CLASS B COMMON 92553P201 580 12,458 SH SOLE NONE 12,458 0 0 VISA INC CLASS A SHARES COMMON 92826C839 300,853 4,086,571 SH SOLE NONE 3,498,908 0 587,663 VISTAPRINT N V COMMON N93540107 15,572 300,034 SH SOLE NONE 300,034 0 0 VODAFONE GROUP PLC COMMON 92857W209 962 33,447 SH SOLE NONE 29,822 0 3,625 VULCAN MATERIALS COMMON 929160109 1,890 41,439 SH SOLE NONE 24,471 0 16,968 WAL-MART STORES INC COMMON 931142103 336,215 6,459,454 SH SOLE NONE 5,605,211 0 854,243 WALGREEN CO COMMON 931422109 210,522 5,244,696 SH SOLE NONE 4,527,352 0 717,344 WASHINGTON POST CO CL B COMMON 939640108 2,869 6,557 SH SOLE NONE 6,557 0 0 WASHINGTON TR BANCORP INC COMMON 940610108 792 33,380 SH SOLE NONE 33,380 0 0 WASTE MANAGEMENT INC 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SH SOLE NONE 7,573 0 0 ZOLL MEDICAL CORP COMMON 989922109 343 7,650 SH SOLE NONE 7,650 0 0 3M COMPANY COMMON 88579Y101 17,384 185,930 SH SOLE NONE 183,580 0 2,350 ------------------------------------------------------------------------------------------------------------------------------------ GRAND TOTALS 9,850,736 ------------------------------------------------------------------------------------------------------------------------------------