13F File No.: Name:

13F File No.: Name: portfolio companies for quarter ending December 2011

Ticker Name Portfolio Weight Share Count Price Last Trade
Reckitt Benckiser Group Gbp Pa 0.04 6549887 49.41 0.00
AEE Ameren Corporation 0.02 4902241 33.13 36.28
Tyco International Ltd S hs 0.02 2366337 46.71 0.00
BUD Anheuser-Busch InBev NV 0.02 2043835 60.99 96.37
Skf Frueher Ab Svenska 0.02 5334665 21.25 0.00
AXP American Express Company 0.01 1757173 47.17 73.32
ABT Abbott Laboratories 0.01 801377 56.23 36.59
AAPL Apple 0.01 140625 405.00 433.26
Accenture 0.01 1686438 53.23 0.00
ATU Actuant Corporation 0.01 1679617 22.69 33.95
AREX Approach Resources 0.01 1892087 29.41 26.50
Mitsubishi Tanabe Pharma 0.01 2564000 15.82 0.00
* America Movil Sab De Cv spon adr l shs 0.00 11867 22.58 0.00
Avatar Hldgs Inc note 4.500% 4/0 0.00 2162000 1.00 0.00
AON Aon Corporation 0.00 254160 46.80 66.29
AMP Ameriprise Financial 0.00 43008 49.62 81.69
AGL AGL Resources 0.00 229179 42.26 0.00
T AT&T; 0.00 110917 30.24 37.44
AEO American Eagle Outfitters 0.00 68200 15.28 20.05
APA Apache Corporation 0.00 13389 90.52 81.30
Willis Group Holdings 0.00 78476 38.79 0.00
ADBE Adobe Systems Incorporated 0.00 496920 28.27 44.61
Transocean 0.00 15425 38.38 0.00
ADP Automatic Data Processing 0.00 62551 54.00 71.99
AVY Avery Dennison Corporation 0.00 154475 28.68 44.28
ADI Analog Devices 0.00 56350 35.78 47.02
Agrium 0.00 340094 67.11 0.00
AZN AstraZeneca 0.00 439994 46.29 51.56
AET Aetna 0.00 10843 42.15 60.04
APD Air Products & Chemicals 0.00 17635 85.17 94.33
ARW Arrow Electronics 0.00 27600 37.39 39.86
AA Alcoa 0.00 10030 8.57 8.61
ALL Allstate Corporation 0.00 62083 27.40 50.00
MO Altria 0.00 1073121 29.65 37.44
AMGN Amgen 0.00 382450 64.21 105.63
APC Anadarko Petroleum Corporation 0.00 23470 76.31 90.03
BBT BB&T; Corporation 0.00 14927 25.12 32.55
Y Alleghany Corporation 0.00 7836 285.22 401.70
Agilent Technologies Inc C ommon 0.00 78130 34.93 0.00
Brookfield Infrastructure Part 0.00 917783 27.70 0.00
AZO AutoZone 0.00 79621 324.96 411.29
ASCMA Ascent Media Corporation 0.00 25380 50.71 74.02
AMAT Applied Materials 0.00 32749 10.69 14.96
ATR Aptar 0.00 9230 52.11 57.07
AMZN Amazon 0.00 1245 172.69 269.90
CAR Avis Budget 0.00 180100 10.72 32.03
Amdocs Ltd ord 0.00 347984 28.53 0.00
AVTR Avatar Holdings 0.00 1177763 7.18 0.00
AGYS Agilysys 0.00 16850 7.89 11.72
ARP American Reprographics Company 0.00 933960 4.59 24.13
ACO AMCOL International Corporation 0.00 114364 26.84 32.05
Ingersoll-rand Co Ltd-cl A 0.00 242415 30.47 0.00
Seaspan 0.00 55700 13.66 0.00
ABB ABB 0.00 135450 18.83 22.32
AMSC American Superconductor Corporation 0.00 25025 3.68 2.52
ARLP Alliance Resource Partners 0.00 12480 75.56 74.53
Foster Wheeler Ltd Com Stk 0.00 15100 19.14 0.00
Teekay Lng Partners 0.00 78400 33.16 0.00
WTR Aqua America 0.00 178802 22.05 32.62
Agni 0.00 45405 36.32 0.00
ANCX Access National Corporation 0.00 198296 8.80 12.86
AME AMETEK 0.00 4977 41.99 43.36
AZZ AZZ Incorporated 0.00 252350 45.44 43.17
ATI Allegheny Technologies Incorporated 0.00 129550 47.80 29.77
GOLAR LNG 0.00 130300 44.44 0.00
CONSOLIDATED WATER CO Inc Com Stk 0.00 30600 8.56 0.00
American Safety Ins Hldgs Lt ord 0.00 322666 21.75 0.00
Asa Limited shs 0.00 57000 26.18 0.00
Nabors Industries Ltd shs 0.00 31556 17.33 0.00
Baltic Trading 0.00 17900 4.75 0.00
Stealthgas Inc shs 0.00 30000 3.83 0.00
ARKR Ark Restaurants 0.00 40350 13.38 21.35
BGS B&G; Foods 0.00 37425 24.05 31.25
Weatherford International Lt reg 0.00 409500 14.64 0.00
ACMTA ACMAT Corporation 0.00 42850 24.25 22.50
China Yuchai Intl 0.00 35800 13.77 0.00
AIG American International 0.00 82118 23.20 45.23
ALX Alexander's 0.00 1117 369.74 317.01
Alexco Resource 0.00 10000 6.80 0.00
ACU Acme United Corporation 0.00 20159 9.47 12.86
AKR Acadia Realty Trust 0.00 75546 20.13 28.90
Mind C T I 0.00 20000 1.85 0.00
ACG AllianceBernstein Income Fund 0.00 140700 8.07 8.25
ARTNA Artesian Resources Corporation 0.00 248325 18.83 22.65
Investor Ab 'b' ord 0.00 13700 18.69 0.00
BCSB BCSB Ban 0.00 12500 10.72 16.60
Eurogas Intl 0.00 30830 0.00 0.00
Arch Capital Group Pfd A pfd 0.00 97900 25.46 0.00
Arch Capital Group Pfd B pfd 0.00 40100 25.39 0.00
Magal Security Sys Ltd ord 0.00 14000 3.71 0.00
ADVR Advanced Viral Research 0.00 36000 0.00 0.00
Noble 0.00 231784 0.87 0.00
ABVA Alliance Bankshares Corporation 0.00 15800 3.42 0.00
Sichuan Expressway Co H C ommon stock 0.00 18620 0.38 0.00
Roche Hldgs Ag Genusscheine Np 0.00 49287 169.58 0.00
Covidien 0.00 306513 45.01 0.00
Te Connectivity Ltd for 0.00 7880 30.71 0.00
Utilico Emerging Mkts Ut Gsp 0.00 159558 2.31 0.00
Vinda International Holdings 0.00 92397 1.28 0.00
Givot Olam Oil Exp. 0.00 700000 0.01 0.00
Avatar Hldgs Inc note 7.500% 2/1 0.00 5763000 0.90 0.00
Rhj International 0.00 2204733 4.56 0.00
Alpine 0.00 709746 0.40 0.00
Smiths 0.00 250000 14.89 0.00
America Movil S.a.b. De C.v. 0.00 45236 1.13 0.00
Automated Media Services 0.00 100000 2.50 0.00
Almirall Sa Shs 0.00 319332 6.88 0.00
F M First Hong Kong 0.00 10000000 1.00 0.00
Acencia Debt Strategies 0.00 786806 1.27 0.00
Geiger Counter Ltd Shs 0.00 87700 0.79 0.00
Intercontinental Hotels 0.00 289100 17.98 0.00
Mccarthy Corporation 0.00 19526 0.00 0.00
Samson Holding Ltd Shs 0.00 325000 0.11 0.00
Socam Development Ltd Shs 0.00 192300 0.92 0.00
Tysan Holdings Ltd Shs 0.00 861100 0.18 0.00
Vectura Group Plc Shs 0.00 1521887 0.87 0.00
Vostok Gas Ltd Investment 0.00 10500 0.00 0.00
Nobel Biocare Hldg Ag 0.00 233954 11.63 0.00
Petroplus Holdings Ag 0.00 150825 1.86 0.00
Jp Morgan Margin Asset 0.00 18630000 1.00 0.00
Nippon Shinyaku 0.00 2516400 12.35 0.00
Mjp Large Cap Fund 0.00 6795 171.16 0.00
Mjp Small Cap Fund 0.00 5587 166.10 0.00
Mjp International Fund 0.00 10582 91.85 0.00
Ca Muni Cash Trust 0.00 16853 0.95 0.00
Mitsubishi Tanabe Pharma Call 0.00 750000 0.12 0.00
Mitsubishi Tanabe Pharma 0.00 750000 0.08 0.00
Mtp 1803 Call Exp 8-9-13 0.00 375000 0.09 0.00
Mtp 1816 Call Exp 8-9-13 0.00 375000 0.09 0.00
Pampa Holding Sa Shs 1 Vote 0.00 150000 0.45 0.00
Fortescue Metal Group Ltd Shs 0.00 59000 4.37 0.00
Mirabela Nickel Ltd Shs 0.00 280250 1.15 0.00
Northern Manganese Ltd Shs 0.00 10000 0.00 0.00
Sp Ausnet Stapled Security 0.00 12000 0.92 0.00
Abg Sundal Collier Asa Shs 0.00 25600 0.59 0.00
Us Savings Bond Series E 0.00 138 2768.12 0.00
Sandvik Ab Shs 0.00 1825065 12.32 0.00
Nokia A B Ser A 0.00 13900 4.89 0.00
York Select 0.00 61875 10.29 0.00
China Agri Industries Hldgs 0.00 15000 0.73 0.00
Frasers Centrepoint Trust Shs 0.00 100000 1.11 0.00
K Green Trust Units 0.00 122800 0.69 0.00
Singapore Post Ltd Shs 0.00 21000 0.71 0.00
Aet And D Hold No 1 Pty 0.00 3328266 0.00 0.00
Alliance Bernstein Wealth Fd 0.00 10552 10.71 0.00