Beach Investment Counsel

Beach Investment Counsel as of Dec. 31, 2012

Portfolio Holdings for Beach Investment Counsel

Beach Investment Counsel holds 179 positions in its portfolio as reported in the December 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Enterprise Products Partners (EPD) 6.5 $49M 972k 50.08
Magellan Midstream Partners 5.7 $43M 984k 43.19
Johnson & Johnson (JNJ) 5.1 $38M 548k 70.10
Plains All American Pipeline (PAA) 5.1 $38M 844k 45.24
Citigroup (C) 4.7 $35M 894k 39.56
Anheuser-Busch InBev NV (BUD) 3.7 $28M 319k 87.41
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 3.5 $26M 402k 65.11
American International (AIG) 3.4 $25M 713k 35.30
Dcp Midstream Partners 3.3 $25M 587k 41.75
Energy Transfer Equity (ET) 3.0 $22M 491k 45.48
CVS Caremark Corporation (CVS) 2.4 $18M 379k 48.35
Coca-Cola Company (KO) 2.4 $18M 503k 36.25
Roche Holding (RHHBY) 2.3 $17M 345k 50.25
Google 2.2 $16M 23k 707.38
Philip Morris International (PM) 2.1 $16M 185k 83.64
Abbott Laboratories (ABT) 1.8 $14M 207k 65.50
Allergan 1.6 $12M 130k 91.73
Anheuser-busch Inbev 1.6 $12M 136k 87.24
Apple (AAPL) 1.5 $11M 21k 532.16
Wells Fargo & Company (WFC) 1.4 $11M 307k 34.18
Bank of America Corporation (BAC) 1.4 $10M 900k 11.61
International Business Machines (IBM) 1.4 $10M 54k 191.54
Visa (V) 1.3 $9.9M 65k 151.59
iShares MSCI Emerging Markets Indx (EEM) 1.2 $9.1M 205k 44.35
Wal-Mart Stores (WMT) 1.1 $8.6M 125k 68.23
Ford Motor Company (F) 1.1 $8.2M 636k 12.95
Mondelez Int (MDLZ) 1.0 $7.6M 299k 25.45
Procter & Gamble Company (PG) 1.0 $7.5M 111k 67.89
Ban (TBBK) 1.0 $7.4M 674k 10.97
MasterCard Incorporated (MA) 0.9 $7.1M 15k 491.26
Fomento Economico Mexicano SAB (FMX) 0.7 $5.0M 50k 100.70
Resource Capital 0.6 $4.7M 833k 5.60
Unilever 0.6 $4.6M 120k 38.30
Crown Holdings (CCK) 0.6 $4.4M 120k 36.81
Nextera Energy (NEE) 0.6 $4.4M 64k 69.19
Colgate-Palmolive Company (CL) 0.6 $4.2M 40k 104.53
Vodafone 0.6 $4.2M 168k 25.19
Morgan Stanley (MS) 0.5 $4.0M 211k 19.12
General Electric Company 0.5 $4.0M 190k 20.99
Chevron Corporation (CVX) 0.5 $3.9M 36k 108.14
ConocoPhillips (COP) 0.5 $3.8M 66k 57.99
Goldman Sachs (GS) 0.5 $3.8M 30k 127.55
JPMorgan Chase & Co. (JPM) 0.5 $3.6M 82k 43.96
Pfizer (PFE) 0.5 $3.6M 144k 25.08
Exxon Mobil Corporation (XOM) 0.5 $3.6M 41k 86.54
Kinder Morgan Management 0.5 $3.6M 47k 75.46
Henry Schein (HSIC) 0.5 $3.4M 43k 80.43
Noble Energy 0.4 $3.3M 32k 101.75
Praxair 0.4 $3.1M 29k 109.46
SYSCO Corporation (SYY) 0.4 $3.1M 97k 31.66
Pepsi (PEP) 0.4 $2.9M 42k 68.42
Northstar Realty Finance 0.4 $2.7M 381k 7.04
Tor Dom Bk Cad (TD) 0.4 $2.7M 32k 84.33
Pioneer Southwest Energy Partners 0.3 $2.6M 117k 22.70
Liberty Property Trust 0.3 $2.6M 72k 35.79
E.I. du Pont de Nemours & Company 0.3 $2.5M 55k 44.99
Merck & Co (MRK) 0.3 $2.5M 61k 40.94
Berkshire Hathaway (BRK.B) 0.3 $2.3M 25k 89.72
Costco Wholesale Corporation (COST) 0.3 $2.3M 23k 98.72
Thermo Fisher Scientific (TMO) 0.3 $2.2M 35k 63.78
Tronox 0.3 $2.2M 120k 18.25
Novartis (NVS) 0.3 $2.1M 33k 63.30
Teekay Shipping Marshall Isl (TK) 0.3 $2.1M 64k 32.10
Teekay Offshore Partners 0.3 $2.1M 80k 26.01
Royal Dutch Shell 0.3 $2.1M 30k 68.95
DENTSPLY International 0.3 $1.9M 49k 39.60
Canadian Oil Sands (COS) 0.3 $2.0M 98k 20.34
Resource America 0.2 $1.9M 287k 6.67
SPDR S&P China (GXC) 0.2 $1.8M 25k 74.10
iShares FTSE/Xinhua China 25 Index (FXI) 0.2 $1.8M 45k 40.45
Kimberly-Clark Corporation (KMB) 0.2 $1.8M 22k 84.44
Automatic Data Processing (ADP) 0.2 $1.8M 32k 56.94
MarkWest Energy Partners 0.2 $1.7M 33k 51.02
Franklin Resources (BEN) 0.2 $1.7M 13k 125.67
Phillips 66 (PSX) 0.2 $1.5M 29k 53.11
Spdr S&p 500 Etf (SPY) 0.2 $1.5M 11k 142.40
3M Company (MMM) 0.2 $1.4M 15k 92.86
Time Warner 0.2 $1.4M 29k 47.82
Two Harbors Investment 0.2 $1.3M 120k 11.08
Enbridge Energy Management 0.2 $1.4M 47k 28.89
NuStar GP Holdings 0.2 $1.3M 47k 27.69
Inergy 0.2 $1.3M 70k 18.19
AGL Resources 0.1 $1.0M 26k 39.96
Occidental Petroleum Corporation (OXY) 0.1 $1.0M 13k 76.64
JF China Region Fund 0.1 $1.1M 78k 14.00
Sabmiller 0.1 $1.0M 23k 45.93
Suburban Propane Partners (SPH) 0.1 $1.0M 26k 38.84
Tompkins Financial Corporation (TMP) 0.1 $940k 24k 39.63
Kunlun Energy 0.1 $990k 476k 2.08
Becton, Dickinson and (BDX) 0.1 $926k 12k 78.19
Chubb Corporation 0.1 $857k 11k 75.35
Advance Auto Parts (AAP) 0.1 $820k 11k 72.32
Estee Lauder Companies (EL) 0.1 $843k 14k 59.87
Gamco Investors (GAMI) 0.1 $801k 15k 53.09
Duke Realty Corporation 0.1 $844k 61k 13.87
Eastern Insurance Holdings 0.1 $821k 48k 17.08
SABMiller (SBMRY) 0.1 $860k 19k 45.92
Union Pacific Corporation (UNP) 0.1 $730k 5.8k 125.80
Stryker Corporation (SYK) 0.1 $735k 13k 54.80
Invesco (IVZ) 0.1 $759k 29k 26.08
NuStar Energy (NS) 0.1 $722k 17k 42.46
Pvr Partners 0.1 $733k 28k 25.97
Emerson Electric (EMR) 0.1 $659k 13k 52.93
UnitedHealth (UNH) 0.1 $706k 13k 54.22
Discovery Communications 0.1 $672k 12k 58.52
Discovery Communications 0.1 $692k 11k 63.52
Oracle Corporation (ORCL) 0.1 $658k 20k 33.32
Williams Partners 0.1 $655k 14k 48.68
DST Systems 0.1 $584k 9.6k 60.55
Walt Disney Company (DIS) 0.1 $615k 12k 49.77
Genuine Parts Company (GPC) 0.1 $632k 9.9k 63.59
Precision Castparts 0.1 $606k 3.2k 189.38
Abb (ABBNY) 0.1 $609k 29k 20.78
Comcast Corporation (CMCSA) 0.1 $531k 14k 37.36
American Express Company (AXP) 0.1 $526k 9.2k 57.49
McDonald's Corporation (MCD) 0.1 $499k 5.7k 88.13
Edwards Lifesciences (EW) 0.1 $527k 5.9k 90.09
Rockwell Automation (ROK) 0.1 $497k 5.9k 83.95
Suncor Energy (SU) 0.1 $534k 16k 32.96
Apache Corp. 6% Mandatory Conv pfd cv 0.1 $561k 12k 45.74
Linkedin Corp 0.1 $513k 4.5k 114.77
Directv 0.1 $525k 11k 50.16
Bajaj Holdings 0.1 $523k 29k 18.03
Time Warner Cable 0.1 $417k 4.3k 97.09
Monsanto Company 0.1 $456k 4.8k 94.61
Via 0.1 $428k 8.1k 52.74
W.W. Grainger (GWW) 0.1 $428k 2.1k 202.27
Airgas 0.1 $413k 4.5k 91.33
Boeing Company (BA) 0.1 $413k 5.5k 75.39
Medtronic 0.1 $419k 10k 41.00
Tiffany & Co. 0.1 $468k 8.2k 57.35
Gilead Sciences (GILD) 0.1 $469k 6.4k 73.40
Illinois Tool Works (ITW) 0.1 $417k 6.9k 60.80
Amazon (AMZN) 0.1 $430k 1.7k 250.73
Enbridge Energy Partners 0.1 $438k 16k 27.90
McCormick & Company, Incorporated (MKC) 0.1 $445k 7.0k 63.57
Vanguard Emerging Markets ETF (VWO) 0.1 $457k 10k 44.57
Liberty Media Corp lcpad 0.1 $439k 3.8k 115.98
Cummins (CMI) 0.1 $369k 3.4k 108.21
Northrop Grumman Corporation (NOC) 0.1 $341k 5.0k 67.54
Intel Corporation (INTC) 0.1 $340k 17k 20.62
Comerica Incorporated (CMA) 0.1 $379k 13k 30.37
Berkshire Hathaway (BRK.A) 0.1 $402k 3.00 134000.00
United Technologies Corporation 0.1 $389k 4.7k 81.98
Qualcomm (QCOM) 0.1 $349k 5.6k 61.93
Biogen Idec (BIIB) 0.1 $410k 2.8k 146.43
Starbucks Corporation (SBUX) 0.1 $375k 7.0k 53.65
Eagle Rock Energy Partners,L.P 0.1 $343k 40k 8.65
StoneMor Partners 0.1 $353k 17k 20.81
AllianceBernstein Holding (AB) 0.1 $408k 23k 17.44
Jabil Circuit (JBL) 0.1 $353k 18k 19.29
Kronos Worldwide (KRO) 0.1 $399k 21k 19.48
Costamare (CMRE) 0.1 $367k 26k 13.93
Ubs Pfd Tr Iv equs 0.1 $352k 24k 14.85
Covidien 0.1 $370k 6.4k 57.81
State Street Corporation (STT) 0.0 $276k 5.9k 47.07
Dominion Resources (D) 0.0 $277k 5.4k 51.78
Cisco Systems (CSCO) 0.0 $309k 16k 19.63
Deere & Company (DE) 0.0 $309k 3.6k 86.43
Schlumberger (SLB) 0.0 $323k 4.7k 69.28
Staples 0.0 $266k 23k 11.39
Total (TTE) 0.0 $306k 5.9k 51.96
H.J. Heinz Company 0.0 $306k 5.3k 57.74
MetLife (MET) 0.0 $333k 10k 32.97
F.N.B. Corporation (FNB) 0.0 $326k 31k 10.61
Crestwood Midstream Partners 0.0 $319k 15k 21.53
Kraft Foods 0.0 $308k 6.8k 45.54
Proshares Ultrashort 20+y Tr etf (TBT) 0.0 $310k 4.9k 63.52
Microsoft Corporation (MSFT) 0.0 $250k 9.4k 26.66
Caterpillar (CAT) 0.0 $211k 2.4k 89.79
FedEx Corporation (FDX) 0.0 $244k 2.7k 91.63
Anadarko Petroleum Corporation 0.0 $212k 2.9k 74.39
General Mills (GIS) 0.0 $204k 5.1k 40.37
Williams Companies (WMB) 0.0 $211k 6.5k 32.69
EMC Corporation 0.0 $204k 8.1k 25.34
Fifth Third Ban (FITB) 0.0 $213k 14k 15.20
EV Energy Partners 0.0 $241k 4.3k 56.64
Kinder Morgan Energy Partners 0.0 $255k 3.2k 79.69
Tellabs 0.0 $35k 15k 2.30