Somerset Asset Management

Somerset Asset Management as of Dec. 31, 2010

Portfolio Holdings for Somerset Asset Management

Somerset Asset Management holds 225 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
U.S. Bancorp (USB) 10.5 $10M 383k 26.97
iShares Barclays TIPS Bond Fund (TIP) 8.7 $8.6M 80k 107.52
iShares MSCI Emerging Markets Indx (EEM) 6.4 $6.3M 132k 47.64
Apple (AAPL) 6.1 $6.0M 19k 322.58
Ford Motor Company (F) 3.6 $3.5M 209k 16.79
General Mills (GIS) 3.3 $3.3M 92k 35.59
Vanguard REIT ETF (VNQ) 3.3 $3.2M 58k 55.38
General Electric Company 3.1 $3.1M 167k 18.29
Wells Fargo & Company (WFC) 2.9 $2.9M 93k 30.99
Procter & Gamble Company (PG) 2.9 $2.8M 44k 64.33
Pepsi (PEP) 2.5 $2.5M 38k 65.34
McDonald's Corporation (MCD) 2.5 $2.4M 32k 76.77
Deere & Company (DE) 2.5 $2.4M 29k 83.04
iShares Dow Jones US Technology (IYW) 2.5 $2.4M 37k 64.38
Nike (NKE) 2.4 $2.4M 28k 85.41
Corning Incorporated (GLW) 2.2 $2.2M 112k 19.32
Bemis Company 2.2 $2.1M 66k 32.66
Chevron Corporation (CVX) 2.1 $2.1M 23k 91.25
Johnson & Johnson (JNJ) 1.4 $1.3M 22k 61.86
Oil Service HOLDRs 1.2 $1.2M 8.3k 140.48
Schlumberger (SLB) 1.1 $1.1M 13k 83.49
Automatic Data Processing (ADP) 1.0 $992k 21k 46.28
Honeywell International (HON) 1.0 $970k 18k 53.18
Medtronic 1.0 $958k 26k 37.10
Citi 1.0 $947k 200k 4.73
Vanguard Small-Cap ETF (VB) 0.9 $872k 12k 72.66
Nokia Corporation (NOK) 0.8 $817k 79k 10.32
VMware 0.8 $768k 8.6k 88.93
Unilever (UL) 0.7 $686k 22k 30.88
Gra (GGG) 0.7 $653k 17k 39.45
Telefonica (TEF) 0.7 $639k 9.3k 68.46
iShares S&P MidCap 400 Growth (IJK) 0.6 $616k 6.1k 100.75
American Campus Communities 0.6 $575k 18k 31.77
International Business Machines (IBM) 0.6 $566k 3.9k 146.86
Caterpillar (CAT) 0.5 $535k 5.7k 93.73
Intel Corporation (INTC) 0.5 $532k 25k 21.02
Sociedad Quimica y Minera (SQM) 0.5 $501k 8.6k 58.43
Northern Trust Corporation (NTRS) 0.5 $504k 9.1k 55.38
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.5 $487k 4.5k 108.49
Emerson Electric (EMR) 0.5 $458k 8.0k 57.20
Vanguard Total Bond Market ETF (BND) 0.5 $460k 5.7k 80.35
Coach 0.4 $432k 7.8k 55.37
Texas Instruments Incorporated (TXN) 0.4 $433k 13k 32.53
Lululemon Athletica (LULU) 0.4 $433k 6.3k 68.47
iShares S&P Latin America 40 Index (ILF) 0.4 $398k 7.4k 53.86
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.4 $373k 4.0k 94.00
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.4 $361k 3.8k 93.86
American Tower Corporation 0.3 $333k 6.4k 51.70
iShares S&P NA Tech. Sec. Idx (IGM) 0.3 $331k 5.5k 60.46
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.3 $308k 2.9k 105.12
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.3 $302k 2.9k 104.14
Potlatch Corporation (PCH) 0.3 $294k 9.0k 32.54
United Parcel Service (UPS) 0.3 $285k 3.9k 72.65
Research In Motion 0.3 $280k 4.8k 58.19
Watsco, Incorporated (WSO) 0.3 $268k 4.2k 63.13
V.F. Corporation (VFC) 0.3 $255k 3.0k 86.12
Sanmina-SCI Corporation 0.2 $243k 21k 11.46
Acacia Research Corporation (ACTG) 0.2 $246k 9.5k 25.92
Kohl's Corporation (KSS) 0.2 $213k 3.9k 54.41
Northrop Grumman Corporation (NOC) 0.2 $202k 3.1k 64.64
Coca-Cola Company (KO) 0.2 $196k 3.0k 65.93
Inergy 0.2 $188k 4.8k 39.33
URS Corporation 0.2 $180k 4.3k 41.55
iShares Russell 1000 Index (IWB) 0.2 $170k 2.4k 69.84
Arch Coal 0.2 $156k 4.4k 35.10
Green Mountain Coffee Roasters 0.2 $155k 4.7k 32.93
Cree 0.2 $159k 2.4k 65.92
Berkshire Hathaway (BRK.B) 0.1 $148k 1.9k 80.00
Buckeye Partners 0.1 $145k 2.2k 66.70
iShares Dow Jones US Oil Equip. (IEZ) 0.1 $137k 2.4k 56.47
iShares S&P NA Nat. Re. Sc. Idx (IGE) 0.1 $137k 3.3k 41.55
Bank of America Corporation (BAC) 0.1 $123k 9.2k 13.32
Dow Chemical Company 0.1 $129k 3.8k 34.04
Pfizer (PFE) 0.1 $113k 6.4k 17.54
AFLAC Incorporated (AFL) 0.1 $122k 2.2k 56.43
Best Buy (BBY) 0.1 $120k 3.5k 34.23
Boston Scientific Corporation (BSX) 0.1 $108k 14k 7.59
Occidental Petroleum Corporation (OXY) 0.1 $109k 1.1k 98.02
Express Scripts 0.1 $111k 2.1k 53.88
Forestar 0.1 $106k 5.5k 19.27
iShares S&P 500 Growth Index (IVW) 0.1 $109k 1.7k 65.54
Kimberly-Clark Corporation (KMB) 0.1 $102k 1.6k 63.16
Colgate-Palmolive Company (CL) 0.1 $95k 1.2k 80.58
Wisconsin Energy Corporation 0.1 $95k 1.6k 58.61
iShares Russell 2000 Index (IWM) 0.1 $101k 1.3k 77.99
Intuit (INTU) 0.1 $100k 2.0k 49.46
iShares S&P SmallCap 600 Index (IJR) 0.1 $103k 1.5k 68.67
Raytheon Company 0.1 $92k 2.0k 46.28
Xerox Corporation 0.1 $90k 7.8k 11.54
Humana (HUM) 0.1 $88k 1.6k 54.49
iShares Russell 1000 Growth Index (IWF) 0.1 $91k 1.6k 57.16
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.1 $88k 1.1k 83.81
iShares S&P US Pref Stock Idx Fnd (PFF) 0.1 $84k 2.2k 38.62
E.I. du Pont de Nemours & Company 0.1 $80k 1.6k 50.00
iShares iBoxx $ High Yid Corp Bond (HYG) 0.1 $80k 890.00 89.89
iShares S&P Global Mat. Sector Inde (MXI) 0.1 $74k 1.0k 72.91
TCF Financial Corporation 0.1 $69k 4.7k 14.77
Broadcom Corporation 0.1 $65k 1.5k 43.42
iShares Dow Jones US Aerospace & Def.ETF (ITA) 0.1 $71k 1.2k 58.92
First Solar (FSLR) 0.1 $62k 477.00 129.98
Abb (ABBNY) 0.1 $61k 2.7k 22.59
Annaly Capital Management 0.1 $49k 2.8k 17.82
Wal-Mart Stores (WMT) 0.1 $48k 885.00 54.24
Hanesbrands (HBI) 0.1 $46k 1.8k 25.51
Halliburton Company (HAL) 0.1 $52k 1.3k 40.69
Qualcomm (QCOM) 0.1 $46k 920.00 50.00
Sap (SAP) 0.1 $51k 1.0k 51.00
Chipotle Mexican Grill (CMG) 0.1 $51k 241.00 211.62
St. Jude Medical 0.1 $45k 1.0k 43.10
iShares Russell 2000 Growth Index (IWO) 0.1 $52k 600.00 86.67
Calamos Strategic Total Return Fund (CSQ) 0.1 $53k 5.7k 9.29
iShares Morningstar Large Core Idx (ILCB) 0.1 $53k 750.00 70.67
iShares Dow Jones US Reg Banks Ind. (IAT) 0.1 $48k 1.9k 24.90
Walt Disney Company (DIS) 0.0 $44k 1.2k 37.29
Harley-Davidson (HOG) 0.0 $37k 1.1k 34.91
Clorox Company (CLX) 0.0 $38k 600.00 63.33
Gaylord Entertainment Company 0.0 $36k 1.0k 36.00
TiVo 0.0 $44k 5.1k 8.71
iShares Dow Jones US Tele (IYZ) 0.0 $36k 1.5k 23.36
iShares Dow Jones US Brok-Dea. Ind.ETF (IAI) 0.0 $35k 1.2k 28.81
Kayne Anderson MLP Investment (KYN) 0.0 $42k 1.3k 31.58
Cit 0.0 $25k 521.00 47.98
Xilinx 0.0 $29k 1.0k 29.00
Hewlett-Packard Company 0.0 $27k 647.00 41.73
G&K Services 0.0 $28k 900.00 31.11
Conexant Systems 0.0 $31k 19k 1.63
iShares Lehman Aggregate Bond (AGG) 0.0 $30k 282.00 106.38
Constant Contact 0.0 $25k 810.00 30.86
Vanguard Total Stock Market ETF (VTI) 0.0 $27k 412.00 65.53
iShares S&P Global Telecommunicat. (IXP) 0.0 $25k 429.00 58.28
iShares S&P NA Tec.-SW. Idx. Fund (IGV) 0.0 $26k 452.00 57.52
iShares FTSE/Xinhua China 25 Index (FXI) 0.0 $18k 418.00 43.06
Bristol Myers Squibb (BMY) 0.0 $24k 909.00 26.40
Apache Corporation 0.0 $24k 200.00 120.00
Arrow Electronics (ARW) 0.0 $17k 500.00 34.00
Motorola 0.0 $22k 2.4k 9.17
Symantec Corporation 0.0 $17k 1.0k 17.00
Danaher Corporation (DHR) 0.0 $23k 492.00 46.75
Williams Companies (WMB) 0.0 $17k 700.00 24.29
Kellogg Company (K) 0.0 $16k 322.00 49.69
Lorillard 0.0 $16k 200.00 80.00
Banco Itau Holding Financeira (ITUB) 0.0 $24k 1.0k 24.00
Alliant Techsystems 0.0 $24k 320.00 75.00
Mesabi Trust (MSB) 0.0 $15k 400.00 37.50
Kinder Morgan Energy Partners 0.0 $20k 285.00 70.18
Gleacher & Company 0.0 $24k 10k 2.40
Uroplasty 0.0 $18k 4.5k 4.00
iShares Dow Jones Select Dividend (DVY) 0.0 $22k 434.00 50.69
iShares Lehman Short Treasury Bond (SHV) 0.0 $22k 200.00 110.00
iShares Dow Jones US Oil & Gas Exp. (IEO) 0.0 $16k 250.00 64.00
Putnam Municipal Opportunities Trust (PMO) 0.0 $15k 1.4k 11.11
Schwab Emerging Markets Equity ETF (SCHE) 0.0 $15k 500.00 30.00
Schwab Strategic Tr us lrg cap etf (SCHX) 0.0 $18k 600.00 30.00
BMC Software 0.0 $5.0k 100.00 50.00
Cerner Corporation 0.0 $8.0k 87.00 91.95
Hologic (HOLX) 0.0 $8.0k 400.00 20.00
Nucor Corporation (NUE) 0.0 $11k 255.00 43.14
Supervalu 0.0 $5.0k 500.00 10.00
AstraZeneca (AZN) 0.0 $5.0k 100.00 50.00
Plum Creek Timber 0.0 $9.0k 230.00 39.13
Amgen (AMGN) 0.0 $14k 250.00 56.00
American Electric Power Company (AEP) 0.0 $5.0k 131.00 38.17
iShares Russell 1000 Value Index (IWD) 0.0 $13k 200.00 65.00
iShares MSCI EAFE Index Fund (EFA) 0.0 $6.0k 100.00 60.00
Gilead Sciences (GILD) 0.0 $8.0k 230.00 34.78
Prudential Financial (PRU) 0.0 $5.0k 85.00 58.82
ConAgra Foods (CAG) 0.0 $7.0k 300.00 23.33
Genzyme Corporation 0.0 $14k 200.00 70.00
Toro Company (TTC) 0.0 $12k 200.00 60.00
Baidu (BIDU) 0.0 $10k 100.00 100.00
Enterprise Products Partners (EPD) 0.0 $8.0k 200.00 40.00
Graphic Packaging Holding Company (GPK) 0.0 $8.0k 2.0k 4.00
iShares MSCI Japan Index 0.0 $5.0k 485.00 10.31
Banco de Chile (BCH) 0.0 $9.0k 100.00 90.00
DTE Energy Company (DTE) 0.0 $9.0k 195.00 46.15
Grupo Financiero Galicia (GGAL) 0.0 $11k 750.00 14.67
L-3 Communications Holdings 0.0 $5.0k 73.00 68.49
Southwest Airlines (LUV) 0.0 $12k 893.00 13.44
Spreadtrum Communications 0.0 $9.0k 500.00 18.00
BP Prudhoe Bay Royalty Trust (BPT) 0.0 $9.0k 75.00 120.00
Copano Energy 0.0 $12k 350.00 34.29
Worthington Industries (WOR) 0.0 $14k 750.00 18.67
iShares S&P 100 Index (OEF) 0.0 $11k 200.00 55.00
iShares S&P 500 Value Index (IVE) 0.0 $13k 215.00 60.47
iShares Russell Midcap Value Index (IWS) 0.0 $10k 225.00 44.44
Pinnacle West Capital Corporation (PNW) 0.0 $12k 296.00 40.54
HeartWare International 0.0 $13k 150.00 86.67
iShares S&P SmallCap 600 Growth (IJT) 0.0 $5.0k 70.00 71.43
American Select Portfolio 0.0 $8.0k 800.00 10.00
iShares Lehman MBS Bond Fund (MBB) 0.0 $11k 100.00 110.00
iShares Morningstar Large Value (ILCV) 0.0 $9.0k 151.00 59.60
iShares S&P Global Healthcare Sect. (IXJ) 0.0 $9.0k 170.00 52.94
Putnam Managed Municipal Income Trust (PMM) 0.0 $14k 2.0k 7.00
Schwab Strategic Tr 0 (SCHP) 0.0 $5.0k 90.00 55.56
SMTC Corporation 0.0 $14k 4.5k 3.13
BP (BP) 0.0 $999.900000 30.00 33.33
HSBC Holdings (HSBC) 0.0 $57.240000 1.00 57.24
Bank of New York Mellon Corporation (BK) 0.0 $2.0k 70.00 28.57
Abbott Laboratories (ABT) 0.0 $1.0k 11.00 90.91
Avon Products 0.0 $294.500000 10.00 29.45
Constellation Energy 0.0 $3.0k 100.00 30.00
RPM International (RPM) 0.0 $2.0k 95.00 21.05
Liz Claiborne 0.0 $2.0k 306.00 6.54
Waddell & Reed Financial 0.0 $4.0k 125.00 32.00
Allstate Corporation (ALL) 0.0 $2.0k 52.00 38.46
LSI Corporation 0.0 $12.960000 2.00 6.48
EMC Corporation 0.0 $4.0k 160.00 25.00
Qwest Communications International 0.0 $252.246000 34.00 7.42
Petrohawk Energy Corporation 0.0 $3.0k 187.00 16.04
ION Geophysical Corporation 0.0 $145.350000 15.00 9.69
Tata Motors 0.0 $3.0k 100.00 30.00
AK Steel Holding Corporation 0.0 $3.0k 200.00 15.00
Ashland 0.0 $116.820000 2.00 58.41
Allete (ALE) 0.0 $2.0k 66.00 30.30
Presstek 0.0 $1.0k 500.00 2.00
Alcatel-Lucent 0.0 $65.660000 14.00 4.69
Innodata Isogen (INOD) 0.0 $1.0k 350.00 2.86
American International (AIG) 0.0 $3.0k 45.00 66.67
Hansen Medical 0.0 $14.560000 7.00 2.08
iShares Dow Jones US Real Estate (IYR) 0.0 $4.0k 69.00 57.97
Trinity Biotech (TRIB) 0.0 $2.0k 250.00 8.00
iShares MSCI EAFE Growth Index (EFG) 0.0 $1.0k 10.00 100.00
iShares MSCI Sweden Index (EWD) 0.0 $3.0k 109.00 27.52
Magic Software Enterprises (MGIC) 0.0 $3.0k 500.00 6.00
Luna Innovations Incorporated (LUNA) 0.0 $997.500000 750.00 1.33