Systems Administrator

0000763910-13-000005.txt : 20131107 0000763910-13-000005.hdr.sgml : 20131107 20131107145803 ACCESSION NUMBER: 0000763910-13-000005 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130930 FILED AS OF DATE: 20131107 DATE AS OF CHANGE: 20131107 EFFECTIVENESS DATE: 20131107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRATTON MANAGEMENT CO CENTRAL INDEX KEY: 0000763910 IRS NUMBER: 262168189 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-01484 FILM NUMBER: 131200150 BUSINESS ADDRESS: STREET 1: 150 S. WARNER RD. STREET 2: STE 460 CITY: KING OF PRUSSIA STATE: PA ZIP: 19406 BUSINESS PHONE: 6109410888 MAIL ADDRESS: STREET 1: 150 S. WARNER RD. STREET 2: STE 460 CITY: KING OF PRUSSIA STATE: PA ZIP: 19406 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0000763910 XXXXXXXX 09-30-2013 09-30-2013 STRATTON MANAGEMENT CO

150 S. WARNER RD. STE 460 KING OF PRUSSIA PA 19406

13F HOLDINGS REPORT 028-01484 N William Chu Systems Administrator 610-260-0593 William Chu King Of Prussia PA 11-07-2013 0 337 1928667 false INFORMATION TABLE 2 inftablesmc.xml ACADIA REALTY TRUST COM 004239109 2159 87500 SH SOLE 0 0 87500 ALEXANDRIA REAL ESTATE EQUITIE COM 015271109 2570 40250 SH SOLE 0 0 40250 AMERICAN CAMPUS COMMUNITIES IN COM 024835100 3179 93100 SH SOLE 0 0 93100 ASHFORD HOSPITALITY TRUST COM 044103109 925 75000 SH SOLE 0 0 75000 AVALON BAY COMMUNITIES INC COM 053484101 1271 10000 SH SOLE 0 0 10000 BRANDYWINE REALTY TRUST SBI COM 105368203 1808 137200 SH SOLE 0 0 137200 CAMDEN PROPERTY TRUST COM 133131102 1991 32400 SH SOLE 0 0 32400 CHESAPEAKE LODGING TRUST COM 165240102 824 35000 SH SOLE 0 0 35000 CUBE SMART COM 229663109 2498 140000 SH SOLE 0 0 140000 DDR CORP COM 23317H102 1984 126264 SH SOLE 0 0 126264 DIGITAL REALTY TRUST INC COM 253868103 7390 139175 SH SOLE 0 0 139175 DUPONT FABROS TECHNOLOGY COM 26613Q106 1855 72000 SH SOLE 0 0 72000 EASTGROUP PROPERTIES SBI COM 277276101 3553 60000 SH SOLE 0 0 60000 EDUCATION REALTY TRUST INC COM 28140H104 1365 150000 SH SOLE 0 0 150000 EQUITY ONE INC COM 294752100 1093 50000 SH SOLE 0 0 50000 EQUITY RESIDENTIAL COM 29476L107 2154 40200 SH SOLE 0 0 40200 FEDERAL REALTY INV. TRUST COM 313747206 1775 17500 SH SOLE 0 0 17500 FIRST INDUSTRIAL REALTY TRUST COM 32054K103 2115 130000 SH SOLE 0 0 130000 GENERAL GROWTH PROPERTIES COM 370023103 2218 115000 SH SOLE 0 0 115000 GLIMCHER REALTY COM 379302102 1804 185000 SH SOLE 0 0 185000 HCP INC COM 40414l109 1028 25100 SH SOLE 0 0 25100 HEALTH CARE REIT COM 42217K106 4239 67950 SH SOLE 0 0 67950 HERSHA HOSPITALITY TRUST COM 427825104 1258 225000 SH SOLE 0 0 225000 HIGHWOODS PROPERTIES INC COM 431284108 16741 474114 SH SOLE 0 0 474114 HOME PROPERTIES OF NEW YORK COM 437306103 14364 248725 SH SOLE 0 0 248725 HOSPITALITY PROPERTIES TRUST COM 44106M102 448 15825 SH SOLE 0 0 15825 KIMCO REALTY CORP COM 49446R109 6680 331025 SH SOLE 0 0 331025 LASALLE HOTEL PROPERTIES COM 517942108 1283 45000 SH SOLE 0 0 45000 LIBERTY PROPERTY TRUST COM 531172104 2407 67605 SH SOLE 0 0 67605 MACERICH CO COM 554382101 2643 46832 SH SOLE 0 0 46832 MEDICAL PROPERTIES TRUST INC COM 58463j304 17287 1420430 SH SOLE 0 0 1420430 MID-AMERICA APARTMENT COMMUNIT COM 59522J103 312 5000 SH SOLE 0 0 5000 NATIONAL RETAIL PPTYS INC COM 637417106 1995 62700 SH SOLE 0 0 62700 OMEGA HEALTHCARE INVESTORS COM 681936100 1493 50000 SH SOLE 0 0 50000 POST PROPERTIES INC COM 737464107 1351 30000 SH SOLE 0 0 30000 RAYONIER INC COM 754907103 1391 25000 SH SOLE 0 0 25000 RLJ LODGING TRUST COM 74965L101 3333 141900 SH SOLE 0 0 141900 RYMAN HOSPITALITY PROPERTIES COM 78377T107 863 25000 SH SOLE 0 0 25000 SIMON PROPERTY GROUP INC COM 828806109 12192 82251 SH SOLE 0 0 82251 SL GREEN REALTY CORP COM 78440X101 19711 221875 SH SOLE 0 0 221875 SOVRAN SELF STORAGE INC COM 84610H108 2043 27000 SH SOLE 0 0 27000 SUNSTONE HOTEL INVESTORS INC COM 867892101 1674 131414 SH SOLE 0 0 131414 TANGER FACTORY OUTLET CENTERS COM 875465106 1959 60000 SH SOLE 0 0 60000 UDR INC COM 902653104 2775 117077 SH SOLE 0 0 117077 VENTAS INC COM 92276F100 2763 44933 SH SOLE 0 0 44933 W P CAREY INC COM 92936U109 4865 75195 SH SOLE 0 0 75195 3M COMPANY COM 88579Y101 9437 79033 SH SOLE 0 0 79033 A T & T INC COM 00206R102 4932 145838 SH SOLE 0 0 145838 AARON'S INC COM 002535300 12502 451350 SH SOLE 0 0 451350 ABBOTT LABORATORIES COM 002824100 6054 182402 SH SOLE 0 0 182402 ABBVIE INC COM 00287Y109 9222 206178 SH SOLE 0 0 206178 ACCENTURE PLC - CL A COM G1151C101 12205 165745 SH SOLE 0 0 165745 ACTUANT CORP - CL A COM 00508X203 20402 525275 SH SOLE 0 0 525275 ADR TOYOTA MOTOR CORP COM COM 892331307 218 1700 SH SOLE 0 0 1700 ADT CORP COM 00101J106 922 22675 SH SOLE 0 0 22675 ADVANCED SEMICONDUCTOR ADR COM 00756M404 118 24654 SH SOLE 0 0 24654 AEGION CORP COM 00770F104 478 20150 SH SOLE 0 0 20150 AFFILIATED MANAGERS GROUP INC COM 008252108 30494 166965 SH SOLE 0 0 166965 AFLAC INC COM 001055102 2019 32575 SH SOLE 0 0 32575 AGRIUM INC COM 008916108 3139 37350 SH SOLE 0 0 37350 AIR PRODUCTS & CHEMICALS INC COM 009158106 14245 133671 SH SOLE 0 0 133671 AIRGAS INC COM 009363102 2895 27300 SH SOLE 0 0 27300 ALLERGAN INC COM 018490102 452 5000 SH SOLE 0 0 5000 ALLSTATE CORPORATION COM 020002101 2011 39775 SH SOLE 0 0 39775 ALTRIA GROUP INC COM 02209S103 2630 76560 SH SOLE 0 0 76560 AMERICAN ELECTRIC POWER CO COM 025537101 312 7200 SH SOLE 0 0 7200 AMERICAN EXPRESS COM 025816109 1110 14700 SH SOLE 0 0 14700 AMERICAN WATER WORKS CO INC COM 030420103 5867 142135 SH SOLE 0 0 142135 AMERIPRISE FINANCIAL INC COM 03076C106 8572 94120 SH SOLE 0 0 94120 AMGEN INC COM 031162100 5787 51701 SH SOLE 0 0 51701 ANADARKO PETROLEUM CORP COM 032511107 1525 16400 SH SOLE 0 0 16400 ANIXTER INTERNATIONAL COM 035290105 23048 262925 SH SOLE 0 0 262925 ANN INC COM 035623107 14895 411248 SH SOLE 0 0 411248 AON PLC COM G0408V102 202 2719 SH SOLE 0 0 2719 APACHE CORP COM 037411105 1567 18400 SH SOLE 0 0 18400 APPLE INC COM 037833100 8039 16862 SH SOLE 0 0 16862 ARCHER DANIELS MIDLAND COM 039483102 335 9100 SH SOLE 0 0 9100 ATWOOD OCEANICS INC COM 050095108 264 4800 SH SOLE 0 0 4800 AVAGO TECHNOLOGIES LTD COM Y0486S104 1341 31125 SH SOLE 0 0 31125 AVERY DENNISON CORP COM 053611109 740 17000 SH SOLE 0 0 17000 AVISTA CORP COM 05379B107 12093 458086 SH SOLE 0 0 458086 BANK OF AMERICA CORP COM 060505104 162 11724 SH SOLE 0 0 11724 BAR HARBOR BANKSHARES COM 066849100 258 7000 SH SOLE 0 0 7000 BAXTER INT'L COM 071813109 1000 15220 SH SOLE 0 0 15220 BEACON ROOFING SUPPLY INC COM 073685109 15960 432875 SH SOLE 0 0 432875 BECTON DICKINSON & CO COM 075887109 5145 51440 SH SOLE 0 0 51440 BED BATH AND BEYOND INC COM 075896100 4920 63605 SH SOLE 0 0 63605 BELDEN CDT INC COM 077454106 29892 466700 SH SOLE 0 0 466700 BHP BILLITON LTD COM 088606108 465 7000 SH SOLE 0 0 7000 BLACK HILLS CORP COM 092113109 1526 30600 SH SOLE 0 0 30600 BOARDWALK PIPELINE PARTNERS COM 096627104 383 12600 SH SOLE 0 0 12600 BONANZA CREEK ENERGY INC COM 097793103 16036 332290 SH SOLE 0 0 332290 BRINKER INTERNATIONAL INC COM 109641100 16085 396855 SH SOLE 0 0 396855 BRISTOL-MYERS SQUIBB COM 110122108 10310 222768 SH SOLE 0 0 222768 BUCKEYE PARTNERS L P UNIT LTD COM 118230101 482 7350 SH SOLE 0 0 7350 CABELA'S INC COM 126804301 21237 336942 SH SOLE 0 0 336942 CABOT OIL & GAS CORP COM 127097103 20678 554070 SH SOLE 0 0 554070 CACI INTERNATIONAL INC - CL A COM 127190304 13262 191900 SH SOLE 0 0 191900 CAMERON INTERNATIONAL CORP COM 13342b105 759 13000 SH SOLE 0 0 13000 CAMPBELL SOUP COM 134429109 2862 70300 SH SOLE 0 0 70300 CANADIAN NATIONAL RAILWAY CO C COM 136375102 1409 13900 SH SOLE 0 0 13900 CAPITAL ONE FINANCIAL CORP VA COM 14040H105 4082 59390 SH SOLE 0 0 59390 CARDTRONICS INC COM 14161H108 15906 428605 SH SOLE 0 0 428605 CARRIZO OIL & GAS INC COM 144577103 15136 405910 SH SOLE 0 0 405910 CASEYS GENERAL STORES INC COM 147528103 23903 325700 SH SOLE 0 0 325700 CATERPILLAR INC COM 149123101 9042 108416 SH SOLE 0 0 108416 CECO ENVIRONMENTAL CORP COM 125141101 851 60468 SH SOLE 0 0 60468 CELGENE CORP COM COM 151020104 262 1700 SH SOLE 0 0 1700 CENTRAL FUND OF CANADA COM 153501101 382 26000 SH SOLE 0 0 26000 CENTURYLINK INC COM 156700106 1480 47159 SH SOLE 0 0 47159 CF INDUSTRIES HOLDINGS INC COM 125269100 1693 8030 SH SOLE 0 0 8030 CHEVRON CORP COM 166764100 9091 74827 SH SOLE 0 0 74827 CHICAGO BRIDGE AND IRON COMPAN COM 167250109 30849 455200 SH SOLE 0 0 455200 CHUBB CORP COM 171232101 208 2330 SH SOLE 0 0 2330 CHURCH & DWIGHT INC COM 171340102 8383 139600 SH SOLE 0 0 139600 CISCO SYSTEMS INC COM 17275R102 851 36336 SH SOLE 0 0 36336 COACH INC COM 189754104 907 16625 SH SOLE 0 0 16625 COAST DISTRIBUTION SERVICES COM 190345108 50 13000 SH SOLE 0 0 13000 COCA-COLA COM 191216100 1292 34106 SH SOLE 0 0 34106 COLGATE PALMOLIVE CO COM 194162103 396 6682 SH SOLE 0 0 6682 COMMUNITY BANK SYSTEMS INC COM 203607106 13422 393385 SH SOLE 0 0 393385 COMPASS MINERALS INTERNATIONAL COM 20451n101 8659 113525 SH SOLE 0 0 113525 CONAGRA FOODS INC COM 205887102 989 32600 SH SOLE 0 0 32600 CONOCOPHILLIPS COM 20825C104 11895 171121 SH SOLE 0 0 171121 CONTINENTAL RESOURCES INC COM 212015101 1555 14500 SH SOLE 0 0 14500 CORNING INC COM 219350105 422 28900 SH SOLE 0 0 28900 CRANE CO COM 224399105 20951 339725 SH SOLE 0 0 339725 CSX CORP COM 126408103 4655 180847 SH SOLE 0 0 180847 CVS CAREMARK CORP COM 126650100 7766 136840 SH SOLE 0 0 136840 DARDEN RESTAURANTS INC COM 237194105 4993 107860 SH SOLE 0 0 107860 DEAN FOODS CO COM 242370203 11627 602410 SH SOLE 0 0 602410 DEERE & CO COM 244199105 8269 101600 SH SOLE 0 0 101600 DEVON ENERGY CORP COM 25179M103 2793 48351 SH SOLE 0 0 48351 DIAGEO PLC ADR COM 25243Q205 5062 39836 SH SOLE 0 0 39836 DIAMOND OFFSHORE DRILLING INC COM 25271C102 745 11950 SH SOLE 0 0 11950 DIRECTV GROUP INC COM 25490A309 2738 45795 SH SOLE 0 0 45795 DOMINION RESOURCES INC VA COM 25746U109 3320 53145 SH SOLE 0 0 53145 DONEGAL GROUP INC CL A COM 257701201 525 37494 SH SOLE 0 0 37494 DOVER CORP COM 260003108 464 5163 SH SOLE 0 0 5163 DOW CHEMICAL CO COM 260543103 8209 213781 SH SOLE 0 0 213781 DR PEPPER SNAPPLE GROUP INC COM 26138E109 672 15000 SH SOLE 0 0 15000 DU PONT EI DE NEMOURS COM 263534109 4230 72233 SH SOLE 0 0 72233 DUKE ENERGY CO COM 26441C204 3586 53697 SH SOLE 0 0 53697 EAST WEST BANCORP INC COM 27579R104 1470 46000 SH SOLE 0 0 46000 EATON CORP PLC COM G29183103 14420 209470 SH SOLE 0 0 209470 EL PASO ELECTRIC CO COM 283677854 12960 388031 SH SOLE 0 0 388031 ELI LILLY CO COM 532457108 5475 108774 SH SOLE 0 0 108774 EMC CORP COM 268648102 319 12500 SH SOLE 0 0 12500 EMERSON ELECTRIC COM 291011104 8110 125348 SH SOLE 0 0 125348 ENERGEN CORP COM 29265N108 336 4400 SH SOLE 0 0 4400 ENERGIZER HOLDINGS INC COM 29266R108 1094 12000 SH SOLE 0 0 12000 ENERSYS COM 29275Y102 31635 521775 SH SOLE 0 0 521775 ENSCO PLC - CL A COM G3157S106 7587 141155 SH SOLE 0 0 141155 EXPRESS SCRIPTS HOLDING CO COM 30219G108 3632 58773 SH SOLE 0 0 58773 EXXON MOBIL CORPORATION COM 30231G102 11270 130988 SH SOLE 0 0 130988 FAMILY DOLLAR STORES COM 307000109 4580 63600 SH SOLE 0 0 63600 FEDEX CORPORATION COM 31428X106 3301 28930 SH SOLE 0 0 28930 FIRST MIDWEST BANCORP INC COM 320867104 4106 272275 SH SOLE 0 0 272275 FIRST REPUBLIC BANK/CA COM 33616C100 1306 28000 SH SOLE 0 0 28000 FISERV INC COM 337738108 5835 57745 SH SOLE 0 0 57745 FORD MOTOR COMPANY COM 345370860 4402 260925 SH SOLE 0 0 260925 FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 8952 270619 SH SOLE 0 0 270619 GENERAC HOLDINGS INC COM 368736104 11470 269000 SH SOLE 0 0 269000 GENERAL DYNAMICS CORP COM 369550108 431 4925 SH SOLE 0 0 4925 GENERAL ELECTRIC COM 369604103 14440 604432 SH SOLE 0 0 604432 GENERAL MILLS INC COM 370334104 825 17220 SH SOLE 0 0 17220 GENUINE PARTS CO COM 372460105 3151 38960 SH SOLE 0 0 38960 GLACIER BANCORP INC COM 37637q105 9422 381750 SH SOLE 0 0 381750 GLAXOSMITHKLINE PLC ADR COM 37733W105 799 15935 SH SOLE 0 0 15935 GOOGLE INC CL A COM 38259P508 2686 3067 SH SOLE 0 0 3067 GRAINGER W W INC COM 384802104 209 800 SH SOLE 0 0 800 H&R BLOCK INC COM 093671105 308 11550 SH SOLE 0 0 11550 HALLIBURTON CO COM 406216101 5475 113715 SH SOLE 0 0 113715 HARRIS CORP COM 413875105 3259 54950 SH SOLE 0 0 54950 HARTFORD FINANCIAL SERVICES GR COM 416515104 371 11921 SH SOLE 0 0 11921 HELMERICH & PAYNE INC COM 423452101 207 3000 SH SOLE 0 0 3000 HERSHEY FOODS COM 427866108 250 2700 SH SOLE 0 0 2700 HERTZ GLOBAL HOLDINGS COM 42805T105 3979 179565 SH SOLE 0 0 179565 HESS CORP COM 42809H107 936 12100 SH SOLE 0 0 12100 HOME DEPOT INC COM 437076102 1928 25422 SH SOLE 0 0 25422 HONEYWELL INTL INC COM 438516106 8535 102787 SH SOLE 0 0 102787 HORMEL FOODS CORP COM 440452100 695 16500 SH SOLE 0 0 16500 IBERIABANK CORP COM 450828108 11768 226705 SH SOLE 0 0 226705 ILLINOIS TOOL WORKS COM 452308109 1884 24701 SH SOLE 0 0 24701 INGERSOLL-RAND PLC COM G47791101 406 6250 SH SOLE 0 0 6250 INT'L BUSINESS MACHINES CORP COM 459200101 13381 72262 SH SOLE 0 0 72262 INT'L FLAVORS & FRAGRANCES INC COM 459506101 247 3000 SH SOLE 0 0 3000 INTEL CORP COM 458140100 4390 191534 SH SOLE 0 0 191534 J.M. SMUCKER COM COM 832696405 1193 11359 SH SOLE 0 0 11359 JARDEN CORPORATION COM 471109108 24071 497327 SH SOLE 0 0 497327 JOHNSON & JOHNSON COM 478160104 11100 128042 SH SOLE 0 0 128042 JPMORGAN CHASE & CO. COM 46625H100 8128 157246 SH SOLE 0 0 157246 KAYNE ANDERSON ENERGY DEVELOPM COM 48660Q102 243 8500 SH SOLE 0 0 8500 KAYNE ANDERSON MLP INVT CO COM 486606106 5692 158775 SH SOLE 0 0 158775 KELLOGG CO COM 487836108 373 6344 SH SOLE 0 0 6344 KIMBERLY-CLARK CORP COM 494368103 11725 124439 SH SOLE 0 0 124439 KINDER MORGAN ENERGY PRTNRS COM 494550106 541 6775 SH SOLE 0 0 6775 KODIAK OIL & GAS CORP COM 50015Q100 14070 1166640 SH SOLE 0 0 1166640 KOHLS CORP WISC PV COM 500255104 1413 27300 SH SOLE 0 0 27300 KRAFT FOODS GROUP INC COM 50076Q106 859 16375 SH SOLE 0 0 16375 L-3 COMMUNICATIONS HLDGS INC COM 502424104 1892 20025 SH SOLE 0 0 20025 LABORATORY CORPORATION OF AMER COM 50540R409 550 5550 SH SOLE 0 0 5550 LOCKHEED MARTIN CORP COM 539830109 1122 8800 SH SOLE 0 0 8800 LOWES COMPANIES INC COM 548661107 343 7200 SH SOLE 0 0 7200 LYONDELL BASELL INDUSTRIES - C COM N53745100 3902 53283 SH SOLE 0 0 53283 MACY'S INC COM 55616P104 4654 107550 SH SOLE 0 0 107550 MAGELLAN MIDSTREAM PARTNERS LL COM 559080106 331 5860 SH SOLE 0 0 5860 MARATHON OIL CORP COM 565849106 1257 36030 SH SOLE 0 0 36030 MARATHON PETROLEUM CORP COM 56585A102 584 9080 SH SOLE 0 0 9080 MARRIOTT INTERNATIONAL INC CL COM 571903202 1682 40000 SH SOLE 0 0 40000 MASTEC INCORPORATED COM 576323109 27251 899380 SH SOLE 0 0 899380 MB FINANCIAL INC COM 55264u108 12089 428525 SH SOLE 0 0 428525 MERCK & CO INC/NJ COM 58933Y105 4428 93017 SH SOLE 0 0 93017 MEREDITH CORP COM 589433101 826 17350 SH SOLE 0 0 17350 METLIFE INC COM 59156R108 5424 115531 SH SOLE 0 0 115531 MICROSOFT CORP COM 594918104 11307 339760 SH SOLE 0 0 339760 MITSUBISHI UFJ FINANCIAL GROUP COM 606822104 64 10000 SH SOLE 0 0 10000 MONDELEZ INTERNATIONAL INC COM 609207105 1465 46640 SH SOLE 0 0 46640 MOOG INC COM 615394202 22441 382500 SH SOLE 0 0 382500 MURPHY OIL CORP COM 626717102 685 11350 SH SOLE 0 0 11350 MYLAN INC COM 628530107 5554 145510 SH SOLE 0 0 145510 McCORMICK & CO INC NON VTG COM 579780206 2057 31800 SH SOLE 0 0 31800 McDONALDS CORP COM 580135101 9351 97193 SH SOLE 0 0 97193 NATIONAL OILWELL VARCO INC COM 637071101 1130 14470 SH SOLE 0 0 14470 NETAPP INC COM 64110D104 3637 85325 SH SOLE 0 0 85325 NETSCOUT SYSTEMS INC COM 64115T104 12827 502425 SH SOLE 0 0 502425 NEW JERSEY RESOURCES COM 646025106 1685 38250 SH SOLE 0 0 38250 NEWMONT MINING CORP COM 651639106 1637 58250 SH SOLE 0 0 58250 NEXTERA ENERGY INC COM 65339F101 4199 52380 SH SOLE 0 0 52380 NOBLE CORP COM H5833N103 1814 48030 SH SOLE 0 0 48030 NORFOLK SOUTHERN CORP COM 655844108 5229 67600 SH SOLE 0 0 67600 NORTHWEST BANCSHARES INC COM 667340103 12251 927426 SH SOLE 0 0 927426 NOVARTIS AG COM 66987v109 290 3775 SH SOLE 0 0 3775 NOVO-NORDISK ADR COM 670100205 9197 54350 SH SOLE 0 0 54350 NUANCE COMMUNICATIONS INC COM 67020Y100 1588 85025 SH SOLE 0 0 85025 NYSE EURONEXT COM 629491101 634 15100 SH SOLE 0 0 15100 OCCIDENTAL PETROLEUM CORP COM 674599105 8858 94694 SH SOLE 0 0 94694 ON SEMICONDUCTOR CORPORATION COM 682189105 11561 1581805 SH SOLE 0 0 1581805 ORACLE CORPORATION COM 68389X105 6418 193478 SH SOLE 0 0 193478 ORIX CORPORATION COM 686330101 245 3000 SH SOLE 0 0 3000 OSHKOSH TRUCK CORP COM 688239201 17816 363750 SH SOLE 0 0 363750 PAREXEL INTERNATIONAL COM 699462107 28746 572630 SH SOLE 0 0 572630 PARKER-HANNIFIN COM 701094104 3335 30675 SH SOLE 0 0 30675 PAYCHEX INC COM 704326107 786 19350 SH SOLE 0 0 19350 PENTAIR INC COM H6169Q108 2663 41014 SH SOLE 0 0 41014 PEPSICO INC COM 713448108 6154 77414 SH SOLE 0 0 77414 PERKINELMER INC COM 714046109 1095 29000 SH SOLE 0 0 29000 PFIZER INC COM 717081103 3862 134439 SH SOLE 0 0 134439 PHILIP MORRIS INTERNATIONAL IN COM 718172109 2964 34235 SH SOLE 0 0 34235 PHILLIPS 66 COM 718546104 7857 135887 SH SOLE 0 0 135887 PIEDMONT NATURAL GAS COM 720186105 4133 125686 SH SOLE 0 0 125686 PNC FINANCIAL SERVICES GROUP COM 693475105 6837 94375 SH SOLE 0 0 94375 POLYONE CORP COM 73179P106 26869 874940 SH SOLE 0 0 874940 PORTLAND GENERAL ELECTRIC CO COM 736508847 10306 365075 SH SOLE 0 0 365075 PPG INDUSTRIES INC COM 693506107 9422 56400 SH SOLE 0 0 56400 PPL CORP COM 69351T106 1534 50494 SH SOLE 0 0 50494 PRAXAIR INC COM 74005P104 996 8285 SH SOLE 0 0 8285 PROCTER & GAMBLE COM 742718109 5296 70063 SH SOLE 0 0 70063 PRUDENTIAL FINANCIAL COM 744320102 8037 103065 SH SOLE 0 0 103065 PTC INC COM 69370C100 21719 763155 SH SOLE 0 0 763155 PUBLIC SERVICE ENTERPRISE INC COM 744573106 589 17900 SH SOLE 0 0 17900 QUAKER CHEMICAL COM 747316107 511 7000 SH SOLE 0 0 7000 QUALCOMM INC COM 747525103 773 11483 SH SOLE 0 0 11483 QUEST DIAGNOSTICS COM 74834L100 630 10198 SH SOLE 0 0 10198 RAYTHEON COM 755111507 2908 37726 SH SOLE 0 0 37726 RF MICRO DEVICES COM 749941100 10186 1806110 SH SOLE 0 0 1806110 RGC RESOURCES COM 74955l103 679 35216 SH SOLE 0 0 35216 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 3342 87300 SH SOLE 0 0 87300 ROYAL DUTCH SHELL PLC COM 780259206 859 13085 SH SOLE 0 0 13085 RPM INC COM 749685103 6822 188448 SH SOLE 0 0 188448 SCHLUMBERGER LTD COM 806857108 3182 36014 SH SOLE 0 0 36014 SEADRILL LTD COM G7945E105 1005 22300 SH SOLE 0 0 22300 SELECTIVE INSURANCE COM 816300107 12433 507475 SH SOLE 0 0 507475 SIGNATURE BANK COM 82669g104 21603 236050 SH SOLE 0 0 236050 SILGAN HOLDINGS INC COM 827048109 19736 419925 SH SOLE 0 0 419925 SOLERA HOLDINGS INC COM 83421A104 14340 271225 SH SOLE 0 0 271225 SOUTHWEST GAS CORP COM 844895102 15067 301335 SH SOLE 0 0 301335 STANLEY BLACK DECKER INC COM 854502101 3533 39010 SH SOLE 0 0 39010 SUPERIOR ENERGY SERVICES COM 868157108 10493 419058 SH SOLE 0 0 419058 SVB FINANCIAL GROUP COM 78486q101 22374 259050 SH SOLE 0 0 259050 SYSCO CORP COM 871829107 3590 112800 SH SOLE 0 0 112800 TARGET CORP COM 87612E106 4259 66575 SH SOLE 0 0 66575 TECK RESOURCES LTD CL B COM 878742204 585 21800 SH SOLE 0 0 21800 TEVA PHARMACTCL INDS ADR COM 881624209 297 7850 SH SOLE 0 0 7850 THE JONES GRP INC COM 48020T101 9422 627715 SH SOLE 0 0 627715 THE MOSAIC CO COM 61945C103 2112 49100 SH SOLE 0 0 49100 THE TRAVELERS COMPANIES INC COM 89417e109 2754 32484 SH SOLE 0 0 32484 THERMO FISHER SCIENTIFIC INC COM 883556102 5697 61825 SH SOLE 0 0 61825 TORCHMARK CORP COM 891027104 3290 45475 SH SOLE 0 0 45475 TORONTO-DOMINION BANK COM 891160509 520 5778 SH SOLE 0 0 5778 TORTOISE ENERGY INFRASTRUCTURE COM 89147L100 443 9650 SH SOLE 0 0 9650 TOTAL SA SPON ADR COM 89151E109 6221 107410 SH SOLE 0 0 107410 TRACTOR SUPPLY CO COM 892356106 2176 32400 SH SOLE 0 0 32400 TRANSOCEAN LTD COM H8817H100 360 8089 SH SOLE 0 0 8089 TRINITY INDUSTRIES COM 896522109 12749 281130 SH SOLE 0 0 281130 TYCO INTERNATIONAL LTD COM H89128104 3497 99966 SH SOLE 0 0 99966 U.S. BANCORP COM 902973304 3462 94645 SH SOLE 0 0 94645 UGI CORP COM 902681105 3821 97650 SH SOLE 0 0 97650 UMPQUA HOLDINGS CORP COM 904214103 11628 716896 SH SOLE 0 0 716896 UNION PACIFIC CORP COM 907818108 6866 44200 SH SOLE 0 0 44200 UNITED BANKSHARES COM 909907107 10218 352575 SH SOLE 0 0 352575 UNITED PARCEL SERVICE INC COM 911312106 17835 195200 SH SOLE 0 0 195200 UNITED RENTALS COM 911363109 31013 532051 SH SOLE 0 0 532051 UNITED TECHNOLOGIES CORP COM 913017109 9474 87871 SH SOLE 0 0 87871 UNS ENERGY CORP COM 903119105 10552 226350 SH SOLE 0 0 226350 V F CORP COM 918204108 11562 58086 SH SOLE 0 0 58086 VALEANT PHARMACEUTICALS INTL COM 91911K102 250 2400 SH SOLE 0 0 2400 VALERO ENERGY CORP COM 91913Y100 301 8810 SH SOLE 0 0 8810 VALLEY NATL BANCORP COM COM 919794107 1144 115000 SH SOLE 0 0 115000 VERIZON COMMUNICATIONS COM 92343V104 8341 178700 SH SOLE 0 0 178700 WAL-MART STORES COM 931142103 274 3700 SH SOLE 0 0 3700 WALT DISNEY COMPANY COM 254687106 1587 24601 SH SOLE 0 0 24601 WASHINGTON TRUST BANCORP INC COM 940610108 204 6480 SH SOLE 0 0 6480 WASTE MANAGEMENT INC COM 94106L109 9743 236246 SH SOLE 0 0 236246 WD-40 CO COM 929236107 4021 61950 SH SOLE 0 0 61950 WEATHERFORD INTERNATIONAL COM H27013103 414 27000 SH SOLE 0 0 27000 WEBSTER FINANCIAL CORP COM 947890109 10533 412555 SH SOLE 0 0 412555 WELLS FARGO & CO COM 949746101 4353 105339 SH SOLE 0 0 105339 WESCO INTERNATIONAL INC COM 95082P105 918 12000 SH SOLE 0 0 12000 WEST PHARMACEUTICAL SERVICES COM 955306105 26130 635000 SH SOLE 0 0 635000 WESTLAKE CHEMICAL CORP COM 960413102 1219 11650 SH SOLE 0 0 11650 WGL HOLDINGS COM 92924F106 846 19800 SH SOLE 0 0 19800 WHIRLPOOL CORP COM 963320106 637 4350 SH SOLE 0 0 4350 WHITING PETROLEUM CORP COM 966387102 4444 74245 SH SOLE 0 0 74245 WINTRUST FINANCIAL CORP COM 97650W108 13287 323525 SH SOLE 0 0 323525 XCEL ENERGY INC COM 98389B100 262 9500 SH SOLE 0 0 9500 ZIMMER HOLDINGS INC COM 98956P102 4495 54725 SH SOLE 0 0 54725 VANGUARD LARGE-CAP ETF COM 922908637 830 10735 SH SOLE 0 0 10735 VANGUARD TOTAL STOCK MKT VIPER COM 922908769 210 2400 SH SOLE 0 0 2400 ISHARES CHINA LARGE CAP ETF COM 464287184 1910 51500 SH SOLE 0 0 51500 ISHARES MSCI EAFE ETF COM 464287465 200 3135 SH SOLE 0 0 3135 ISHARES MSCI EMERGING MKTS FD COM 464287234 4722 115875 SH SOLE 0 0 115875 ISHARES MSCI JAPAN INDEX FD COM 464286848 295 24745 SH SOLE 0 0 24745 ISHARES MSCI PACIFIC EX JAPAN COM 464286665 5437 114100 SH SOLE 0 0 114100 VANGUARD FTSE EMERGING MARKETS COM 922042858 4162 103693 SH SOLE 0 0 103693 VANGUARD TOTAL INTL STOCK ETF COM 921909768 311 6200 SH SOLE 0 0 6200 DNP SELECT INCOME FUND INC COM 23325P104 340 35400.00 SH SOLE 0 0 5400.000