L & S Advisors

L & S Advisors as of March 31, 2011

Portfolio Holdings for L & S Advisors

L & S Advisors holds 86 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Enterprise Products Partners (EPD) 5.1 $11M 244k 43.06
Seadrill 4.5 $9.3M 259k 36.07
Exxon Mobil Corporation (XOM) 4.5 $9.3M 110k 84.13
National Fuel Gas (NFG) 4.0 $8.3M 113k 74.00
Kinder Morgan Energy Partners 4.0 $8.3M 112k 74.09
Newfield Exploration 3.9 $8.0M 106k 76.01
Occidental Petroleum Corporation (OXY) 3.8 $7.8M 74k 104.50
Apple (AAPL) 3.7 $7.6M 22k 348.52
Plains All American Pipeline (PAA) 3.4 $7.0M 110k 63.73
Apache Corporation 3.3 $6.9M 53k 130.93
Energy Transfer Partners 2.7 $5.6M 108k 51.76
MarkWest Energy Partners 2.6 $5.4M 112k 48.47
Peabody Energy Corporation 2.4 $4.9M 69k 71.96
Penn Virginia Resource Partners 2.4 $5.0M 179k 27.70
Linn Energy 2.4 $4.9M 125k 38.93
Magellan Midstream Partners 2.4 $4.9M 81k 59.86
Enbridge Energy Partners 2.2 $4.6M 71k 64.61
National-Oilwell Var 2.2 $4.5M 57k 79.28
El Paso Pipeline Partners 2.1 $4.3M 119k 36.23
DISH Network 2.1 $4.3M 176k 24.36
Verizon Communications (VZ) 1.9 $3.8M 99k 38.54
Deere & Company (DE) 1.8 $3.8M 39k 96.90
Eastman Chemical Company (EMN) 1.8 $3.7M 37k 99.33
Vale (VALE) 1.8 $3.7M 111k 33.35
Freeport-McMoRan Copper & Gold (FCX) 1.8 $3.7M 67k 55.56
Ford Motor Company (F) 1.8 $3.6M 243k 14.91
KNIGHTSBRIDGE TANKERS LTD COM Stk 1.7 $3.6M 143k 25.04
Tesoro Corporation 1.6 $3.4M 125k 26.83
Silver Wheaton Corp 1.5 $3.2M 73k 43.36
Oneok Partners 1.5 $3.1M 38k 82.36
Targa Resources Partners 1.5 $3.0M 88k 34.68
Atlas Pipeline Partners 1.4 $3.0M 87k 34.50
Mosaic Company 1.4 $2.9M 36k 78.76
Vanguard Natural Resources 1.3 $2.7M 84k 31.79
Chesapeake Midstream Partners 0.7 $1.5M 52k 28.83
Dorchester Minerals (DMLP) 0.7 $1.4M 50k 29.24
Kayne Anderson MLP Investment (KYN) 0.5 $962k 30k 32.67
Schlumberger (SLB) 0.5 $942k 10k 93.27
Caterpillar (CAT) 0.4 $852k 7.7k 111.37
Noble Energy 0.4 $855k 8.9k 96.61
ETFS Physical Palladium Shares 0.4 $825k 11k 76.04
Kayne Anderson Energy Total Return Fund 0.4 $807k 26k 31.65
Cummins (CMI) 0.4 $745k 6.8k 109.56
BlackRock Real Asset Trust 0.4 $751k 48k 15.65
Curtiss-Wright (CW) 0.3 $713k 20k 35.12
ConocoPhillips (COP) 0.3 $731k 9.2k 79.89
Echostar Corporation (SATS) 0.3 $702k 19k 37.85
Potash Corp. Of Saskatchewan I 0.3 $687k 12k 58.97
iShares MSCI Brazil Index (EWZ) 0.3 $659k 8.5k 77.53
CVR Energy (CVI) 0.3 $614k 27k 23.17
Biotech HOLDRs 0.3 $623k 5.9k 106.22
Marathon Oil Corporation (MRO) 0.3 $570k 11k 53.27
Fiduciary/Claymore MLP Opportunity Fund 0.3 $544k 25k 22.20
Golar Lng (GLNG) 0.2 $512k 20k 25.60
iShares MSCI South Korea Index Fund (EWY) 0.2 $508k 7.9k 64.30
Cabot Oil & Gas Corporation (CTRA) 0.2 $493k 9.3k 53.01
Eaton Corporation 0.2 $499k 9.0k 55.44
Honeywell International (HON) 0.2 $505k 8.5k 59.76
Cushing MLP Total Return Fund 0.2 $497k 46k 10.84
Credit Suisse Nassau Brh Etn Lkd 30mlp etf 0.2 $486k 19k 25.25
FMC Corporation (FMC) 0.2 $480k 5.7k 84.96
Clearbridge Energy M 0.2 $475k 21k 22.62
Norfolk Southern (NSC) 0.2 $464k 6.7k 69.25
Canadian Natural Resources (CNQ) 0.2 $457k 9.3k 49.41
Teledyne Technologies Incorporated (TDY) 0.2 $453k 8.8k 51.68
Teck Resources Ltd cl b (TECK) 0.2 $461k 8.7k 52.99
Barclays Bk Plc etn djubs copr37 (JJCTF) 0.2 $441k 7.8k 56.90
General Mtrs Co jr pfd cnv srb 0.2 $415k 8.6k 48.26
CSX Corporation (CSX) 0.2 $397k 5.1k 78.61
ARGO GROUP INTERNATIONAL Holdi Com Stk 0.2 $396k 12k 33.00
Terra Nitrogen Company 0.2 $397k 3.4k 116.76
EV Energy Partners 0.1 $302k 5.6k 53.93
General Growth Properties 0.1 $319k 21k 15.47
Eca Marcellus Trust I (ECTM) 0.1 $314k 10k 31.40
Navios Maritime Partners 0.1 $284k 14k 20.36
Teekay Lng Partners 0.1 $293k 7.2k 40.98
Bce (BCE) 0.1 $267k 7.4k 36.33
BP Prudhoe Bay Royalty Trust (BPT) 0.1 $258k 2.2k 120.00
Dominion Resources Black Warrior Trust (DOMR) 0.1 $271k 20k 13.86
Putnam Premier Income Trust (PPT) 0.1 $241k 37k 6.49
Teva Pharmaceutical Industries (TEVA) 0.1 $232k 4.6k 50.15
Legacy Reserves 0.1 $227k 7.3k 31.31
Pioneer Natural Resources (PXD) 0.1 $204k 2.0k 102.00
Great Plains Energy Inc unit 06/15/2042 0.1 $200k 3.1k 64.52
SPDR Barclays Capital High Yield B 0.1 $215k 5.3k 40.57
Call Apple Inc May 280 0.1 $210k 30.00 7000.00