Q3 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GE | Sell | General Electric | $5,205,000 | -29.0% | 217,886 | -31.1% | 3.11% | -7.1% |
| JPM | Sell | JPMorgan Chase & Co. | $5,150,000 | -29.9% | 99,631 | -28.4% | 3.08% | -8.3% |
| VZ | Sell | Verizon Communications | $4,902,000 | -33.4% | 105,033 | -28.2% | 2.93% | -12.9% |
| MMM | Sell | 3M Co. | $4,844,000 | -24.8% | 40,570 | -31.2% | 2.90% | -1.6% |
| MSFT | Sell | Microsoft Corp. | $4,764,000 | -23.8% | 143,150 | -20.9% | 2.85% | -0.4% |
| CMI | Sell | Cummins Inc. | $4,757,000 | -2.4% | 35,800 | -20.4% | 2.84% | +27.7% |
| DOW | Sell | Dow Chemical | $4,674,000 | -17.2% | 121,710 | -30.7% | 2.79% | +8.3% |
| MYL | Sell | Mylan Inc. | $4,597,000 | -42.7% | 120,442 | -53.4% | 2.75% | -25.0% |
| SYK | Sell | Stryker Corp. | $4,578,000 | -24.9% | 67,737 | -28.1% | 2.74% | -1.7% |
| SNY | New | Sanofi-Aventis ADR | $4,547,000 | – | 89,805 | – | 2.72% | – |
| SYMC | Sell | Symantec Corp. | $4,404,000 | -23.2% | 177,930 | -30.2% | 2.63% | +0.6% |
| COF | Sell | Capital One Financial Corp. | $4,294,000 | -27.1% | 62,470 | -33.4% | 2.57% | -4.6% |
| CVS | New | CVS Corp. | $4,261,000 | – | 75,085 | – | 2.55% | – |
| T | Sell | AT&T | $4,203,000 | -32.8% | 124,265 | -29.6% | 2.51% | -12.0% |
| APC | Sell | Anadarko Petroleum Corp. | $4,147,000 | -30.1% | 44,600 | -35.4% | 2.48% | -8.5% |
| ALV | Sell | Autoliv, Inc. | $4,138,000 | -23.9% | 47,350 | -32.6% | 2.47% | -0.4% |
| UNH | Sell | United Health Group Inc. | $3,974,000 | -31.9% | 55,495 | -37.7% | 2.38% | -10.8% |
| CMCSA | New | Comcast Corp. Class A | $3,940,000 | – | 87,329 | – | 2.36% | – |
| CSCO | Sell | Cisco Systems Inc. | $3,845,000 | -53.1% | 164,095 | -51.2% | 2.30% | -38.6% |
| AAPL | Sell | Apple Inc. | $3,813,000 | +13.5% | 7,997 | -5.6% | 2.28% | +48.6% |
| ORCL | Sell | Oracle Corp. | $3,739,000 | -28.3% | 112,720 | -33.6% | 2.24% | -6.1% |
| BAC | Sell | Bank of America Corp. | $3,683,000 | -28.5% | 266,880 | -33.4% | 2.20% | -6.4% |
| CAG | Sell | Conagra Foods Inc. | $3,682,000 | -37.6% | 121,345 | -28.1% | 2.20% | -18.3% |
| USB | Sell | U.S. Bancorp | $3,622,000 | -30.4% | 99,025 | -31.2% | 2.16% | -9.0% |
| RDSB | Sell | Royal Dutch Shell PLC Cl B-ADR | $3,548,000 | -28.7% | 51,530 | -31.3% | 2.12% | -6.7% |
| KSS | Sell | Kohl's Corp. | $3,540,000 | -30.4% | 68,400 | -32.1% | 2.12% | -8.9% |
| CVX | Sell | Chevron Corp. | $3,512,000 | -38.9% | 28,908 | -40.5% | 2.10% | -20.1% |
| INTC | Sell | Intel Corp. | $3,495,000 | -31.9% | 152,480 | -28.0% | 2.09% | -10.9% |
| HTZ | New | Hertz Global Holdings, Inc. | $3,480,000 | – | 157,060 | – | 2.08% | – |
| FB | New | Facebook Inc.-A | $3,472,000 | – | 69,125 | – | 2.08% | – |
| KEY | Sell | Keycorp New | $3,315,000 | -29.8% | 290,815 | -32.0% | 1.98% | -8.2% |
| AFL | Sell | Aflac, Inc. | $3,234,000 | -23.5% | 52,170 | -28.3% | 1.93% | +0.1% |
| ABBV | Sell | AbbVie Inc. | $3,169,000 | -16.2% | 70,850 | -22.5% | 1.89% | +9.7% |
| SLB | New | Schlumberger | $3,083,000 | – | 34,892 | – | 1.84% | – |
| EMC | Sell | EMC Corp. | $3,034,000 | +3.7% | 118,720 | -4.1% | 1.81% | +35.7% |
| MS | Sell | Morgan Stanley | $2,853,000 | -21.4% | 105,875 | -28.7% | 1.70% | +2.9% |
| ESV | Sell | Ensco International, Inc. | $2,644,000 | -35.2% | 49,200 | -29.9% | 1.58% | -15.2% |
| IBM | Sell | IBM | $2,446,000 | -5.9% | 13,207 | -2.9% | 1.46% | +23.2% |
| XOM | Sell | Exxon Mobil Corp. | $1,883,000 | -5.2% | 21,882 | -0.5% | 1.12% | +24.0% |
| PHM | New | PulteGroup Inc. | $1,755,000 | – | 106,385 | – | 1.05% | – |
| NEM | Sell | Newmont Mining Corp. | $1,391,000 | -12.7% | 49,485 | -7.0% | 0.83% | +14.1% |
| MMC | Sell | Marsh & McLennan | $1,328,000 | -58.7% | 30,490 | -62.1% | 0.79% | -45.9% |
| GOLD | Sell | Barrick Gold Corp. | $964,000 | -43.5% | 51,795 | -52.3% | 0.58% | -26.2% |
| GWW | Sell | Grainger W.W. | $923,000 | -1.7% | 3,525 | -5.4% | 0.55% | +28.7% |
| WRB | Sell | W.R. Berkley Corp. | $914,000 | -63.8% | 21,315 | -65.5% | 0.55% | -52.7% |
| KO | Sell | Coca-Cola Company | $886,000 | -76.2% | 23,390 | -74.8% | 0.53% | -68.8% |
| BRKB | Sell | Berkshire Hathaway Cl B | $579,000 | -4.1% | 5,100 | -5.6% | 0.35% | +25.4% |
| RDSA | Buy | Royal Dutch Shell PLC - Class | $562,000 | +4.7% | 8,554 | +1.7% | 0.34% | +37.1% |
| MRK | Sell | Merck & Company | $393,000 | 0.0% | 8,260 | -2.4% | 0.24% | +31.3% |
| WMT | Sell | WalMart Stores | $365,000 | -93.5% | 4,932 | -93.4% | 0.22% | -91.5% |
| STO | Buy | Statoil ASA-Spon Adr | $281,000 | +13.3% | 12,370 | +3.1% | 0.17% | +48.7% |
| CMA | Sell | Comerica Inc | $230,000 | -5.3% | 5,850 | -4.1% | 0.14% | +23.4% |
| SDRL | Sell | Seadrill Ltd. | $225,000 | -11.4% | 5,000 | -19.7% | 0.13% | +15.5% |
| NYCB | New | New York Community Bancorp, In | $151,000 | – | 10,000 | – | 0.09% | – |
| SILU | Exit | Sprott Resource Lending Corp. | $0 | – | -10,000 | – | -0.01% | – |
| ABT | Exit | Abbott Laboratories | $0 | – | -5,890 | – | -0.09% | – |
| EPD | Exit | Enterprise Products Prtns LP | $0 | – | -3,474 | – | -0.10% | – |
| APA | Exit | Apache Corp. | $0 | – | -32,445 | – | -1.24% | – |
| FDX | Exit | FedEx Corp. | $0 | – | -57,510 | – | -2.59% | – |
| NWSA | Exit | News Corporation | $0 | – | -203,020 | – | -3.02% | – |
Q2 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CSCO | New | Cisco Systems Inc. | $8,190,000 | – | 336,540 | – | 3.74% | – |
| MYL | New | Mylan Inc. | $8,017,000 | – | 258,367 | – | 3.66% | – |
| VZ | New | Verizon Communications | $7,363,000 | – | 146,268 | – | 3.36% | – |
| JPM | New | JPMorgan Chase & Co. | $7,347,000 | – | 139,166 | – | 3.36% | – |
| GE | New | General Electric | $7,330,000 | – | 316,066 | – | 3.35% | – |
| NWSA | New | News Corporation | $6,614,000 | – | 203,020 | – | 3.02% | – |
| MMM | New | 3M Co. | $6,445,000 | – | 58,940 | – | 2.94% | – |
| MSFT | New | Microsoft Corp. | $6,255,000 | – | 181,075 | – | 2.86% | – |
| T | New | AT&T | $6,253,000 | – | 176,635 | – | 2.86% | – |
| SYK | New | Stryker Corp. | $6,094,000 | – | 94,212 | – | 2.78% | – |
| APC | New | Anadarko Petroleum Corp. | $5,932,000 | – | 69,029 | – | 2.71% | – |
| CAG | New | Conagra Foods Inc. | $5,899,000 | – | 168,870 | – | 2.69% | – |
| COF | New | Capital One Financial Corp. | $5,890,000 | – | 93,770 | – | 2.69% | – |
| UNH | New | United Health Group Inc. | $5,832,000 | – | 89,070 | – | 2.66% | – |
| CVX | New | Chevron Corp. | $5,750,000 | – | 48,588 | – | 2.63% | – |
| SYMC | New | Symantec Corp. | $5,731,000 | – | 254,955 | – | 2.62% | – |
| FDX | New | FedEx Corp. | $5,669,000 | – | 57,510 | – | 2.59% | – |
| DOW | New | Dow Chemical | $5,648,000 | – | 175,555 | – | 2.58% | – |
| WMT | New | WalMart Stores | $5,605,000 | – | 75,247 | – | 2.56% | – |
| ALV | New | Autoliv, Inc. | $5,435,000 | – | 70,225 | – | 2.48% | – |
| ORCL | New | Oracle Corp. | $5,213,000 | – | 169,762 | – | 2.38% | – |
| USB | New | U.S. Bancorp | $5,206,000 | – | 144,000 | – | 2.38% | – |
| BAC | New | Bank of America Corp. | $5,151,000 | – | 400,570 | – | 2.35% | – |
| INTC | New | Intel Corp. | $5,135,000 | – | 211,908 | – | 2.34% | – |
| KSS | New | Kohl's Corp. | $5,087,000 | – | 100,710 | – | 2.32% | – |
| RDSB | New | Royal Dutch Shell PLC Cl B-ADR | $4,974,000 | – | 75,060 | – | 2.27% | – |
| CMI | New | Cummins Inc. | $4,876,000 | – | 44,955 | – | 2.23% | – |
| KEY | New | Keycorp New | $4,723,000 | – | 427,845 | – | 2.16% | – |
| AFL | New | Aflac, Inc. | $4,229,000 | – | 72,770 | – | 1.93% | – |
| ESV | New | Ensco International, Inc. | $4,081,000 | – | 70,220 | – | 1.86% | – |
| ABBV | New | AbbVie Inc. | $3,780,000 | – | 91,440 | – | 1.73% | – |
| KO | New | Coca-Cola Company | $3,724,000 | – | 92,850 | – | 1.70% | – |
| MS | New | Morgan Stanley | $3,628,000 | – | 148,490 | – | 1.66% | – |
| AAPL | New | Apple Inc. | $3,358,000 | – | 8,468 | – | 1.53% | – |
| MMC | New | Marsh & McLennan | $3,213,000 | – | 80,490 | – | 1.47% | – |
| EMC | New | EMC Corp. | $2,925,000 | – | 123,820 | – | 1.34% | – |
| APA | New | Apache Corp. | $2,720,000 | – | 32,445 | – | 1.24% | – |
| IBM | New | IBM | $2,599,000 | – | 13,602 | – | 1.19% | – |
| WRB | New | W.R. Berkley Corp. | $2,526,000 | – | 61,830 | – | 1.15% | – |
| XOM | New | Exxon Mobil Corp. | $1,987,000 | – | 21,987 | – | 0.91% | – |
| GOLD | New | Barrick Gold Corp. | $1,707,000 | – | 108,480 | – | 0.78% | – |
| NEM | New | Newmont Mining Corp. | $1,593,000 | – | 53,205 | – | 0.73% | – |
| GWW | New | Grainger W.W. | $939,000 | – | 3,725 | – | 0.43% | – |
| MCD | New | McDonalds Corp. | $742,000 | – | 7,500 | – | 0.34% | – |
| PFE | New | Pfizer | $698,000 | – | 24,915 | – | 0.32% | – |
| GG | New | Goldcorp, Inc. | $643,000 | – | 26,000 | – | 0.29% | – |
| BRKB | New | Berkshire Hathaway Cl B | $604,000 | – | 5,400 | – | 0.28% | – |
| RDSA | New | Royal Dutch Shell PLC - Class | $537,000 | – | 8,414 | – | 0.24% | – |
| CL | New | Colgate Palmolive | $430,000 | – | 7,500 | – | 0.20% | – |
| MRK | New | Merck & Company | $393,000 | – | 8,460 | – | 0.18% | – |
| BCR | New | Bard, C.R. | $294,000 | – | 2,708 | – | 0.13% | – |
| K | New | Kellogg Company | $270,000 | – | 4,200 | – | 0.12% | – |
| SDRL | New | Seadrill Ltd. | $254,000 | – | 6,230 | – | 0.12% | – |
| HON | New | Honeywell International, Inc. | $254,000 | – | 3,200 | – | 0.12% | – |
| DD | New | Dupont | $250,000 | – | 4,760 | – | 0.11% | – |
| STO | New | Statoil ASA-Spon Adr | $248,000 | – | 12,000 | – | 0.11% | – |
| CMA | New | Comerica Inc | $243,000 | – | 6,100 | – | 0.11% | – |
| DIS | New | Disney Co | $240,000 | – | 3,800 | – | 0.11% | – |
| EMR | New | Emerson Electric Company | $240,000 | – | 4,400 | – | 0.11% | – |
| NGD | New | New Gold Inc. | $225,000 | – | 35,000 | – | 0.10% | – |
| EPD | New | Enterprise Products Prtns LP | $216,000 | – | 3,474 | – | 0.10% | – |
| ABT | New | Abbott Laboratories | $205,000 | – | 5,890 | – | 0.09% | – |
| SLW | New | Silver Wheaton Corp. | $197,000 | – | 10,000 | – | 0.09% | – |
| CEF | New | Central Fund of Canada Ltd | $178,000 | – | 13,100 | – | 0.08% | – |
| KOG | New | Kodiak Oil & Gas Corp. | $178,000 | – | 20,000 | – | 0.08% | – |
| HBAN | New | Huntington Bancshares Inc. | $99,000 | – | 12,589 | – | 0.04% | – |
| PGHEF | New | Pengrowth Energy Corp | $89,000 | – | 18,000 | – | 0.04% | – |
| HL | New | Hecla Mining Co. | $89,000 | – | 29,976 | – | 0.04% | – |
| SVM | New | Silvercorp Metals Inc. | $76,000 | – | 27,000 | – | 0.04% | – |
| EXK | New | Endeavour Silver Corp. | $69,000 | – | 20,000 | – | 0.03% | – |
| AXAS | New | Abraxas Petroleum Corp. | $52,000 | – | 25,000 | – | 0.02% | – |
| IAG | New | IAMGOLD Corporation | $52,000 | – | 12,000 | – | 0.02% | – |
| SGU | New | Star Gas Partners, L.P. | $49,000 | – | 10,000 | – | 0.02% | – |
| TGB | New | Taseko Mines Ltd. | $28,000 | – | 15,000 | – | 0.01% | – |
| AXU | New | Alexco Resource Corp. | $18,000 | – | 16,000 | – | 0.01% | – |
| GPL | New | Great Panther Silver Ltd. | $15,000 | – | 20,000 | – | 0.01% | – |
| DEJ | New | Dejour Enterprise Ltd. | $15,000 | – | 75,000 | – | 0.01% | – |
| SILU | New | Sprott Resource Lending Corp. | $13,000 | – | 10,000 | – | 0.01% | – |
| MAUXF | New | Mart Resources, Inc. | $14,000 | – | 10,000 | – | 0.01% | – |
| DNN | New | Denison Mines Corp. | $12,000 | – | 10,000 | – | 0.01% | – |
| New | Dynacor Gold Mines, Inc. | $10,000 | – | 10,000 | – | 0.01% | – | |
| USGIF | New | US Silver & Gold Inc. | $8,000 | – | 13,400 | – | 0.00% | – |
| New | Kaminak Gold Corp. | $8,000 | – | 10,000 | – | 0.00% | – | |
| New | Prophecy Coal Corp. | $9,000 | – | 80,000 | – | 0.00% | – | |
| PLG | New | Platinum Group Metals Ltd. | $9,000 | – | 10,000 | – | 0.00% | – |
| PNIKF | New | Prophecy Platinum Corp. | $7,000 | – | 13,000 | – | 0.00% | – |
| EFRFF | New | Energy Fuels Inc. | $2,000 | – | 11,060 | – | 0.00% | – |
| New | Rye Patch Gold Corp | $3,000 | – | 15,000 | – | 0.00% | – | |
| CLGRF | New | Claude Resources, Inc. | $3,000 | – | 15,000 | – | 0.00% | – |