TrueNorth

TrueNorth as of June 30, 2012

Portfolio Holdings for TrueNorth

TrueNorth holds 152 positions in its portfolio as reported in the June 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares IBoxx $ Invest Grade Corp Bd (LQD) 9.2 $13M 113k 117.59
iShares S&P US Pref Stock Idx Fnd (PFF) 5.9 $8.5M 217k 39.03
Apple Computer 3.6 $5.2M 8.8k 583.96
Exxon Mobil Corporation (XOM) 2.7 $3.9M 46k 85.58
Vanguard Total Stock Market ETF (VTI) 2.4 $3.5M 50k 69.70
iShares Russell 3000 Index (IWV) 2.4 $3.4M 43k 80.39
Spdr S&p 500 Etf (SPY) 2.4 $3.4M 25k 136.11
iShares Cohen & Steers Realty Maj. (ICF) 2.1 $3.1M 39k 78.63
Bk Of America Corp 1.8 $2.5M 309k 8.18
Vanguard Total Bond Market ETF (BND) 1.7 $2.4M 29k 84.38
iShares Dow Jones Select Dividend (DVY) 1.7 $2.4M 43k 56.18
Starbucks Corporation (SBUX) 1.7 $2.4M 45k 53.31
Vanguard Health Care ETF (VHT) 1.5 $2.2M 32k 68.90
Vanguard REIT ETF (VNQ) 1.5 $2.2M 33k 65.42
iShares S&P SmallCap 600 Index (IJR) 1.5 $2.1M 29k 73.27
iShares MSCI Mexico Inv. Mt. Idx. (EWW) 1.4 $2.1M 34k 61.45
International Business Machines (IBM) 1.4 $2.0M 10k 195.61
Vanguard Mid-Cap ETF (VO) 1.4 $2.0M 26k 77.19
Tupperware Brands Corporation (TUP) 1.1 $1.6M 30k 54.76
Market Vectors Gold Miners ETF 1.0 $1.5M 33k 44.78
McDonald's Corporation (MCD) 1.0 $1.4M 16k 88.51
TJX Companies (TJX) 1.0 $1.4M 32k 42.92
CF Industries Holdings (CF) 0.9 $1.3M 6.9k 193.81
Chubb Corporation 0.9 $1.3M 18k 72.80
iShares iBoxx $ High Yid Corp Bond (HYG) 0.9 $1.3M 14k 91.29
MasterCard Incorporated (MA) 0.8 $1.2M 2.8k 430.15
Honeywell International (HON) 0.8 $1.2M 21k 55.86
Cerner Corporation 0.7 $1.1M 13k 82.66
Nike (NKE) 0.7 $1.0M 12k 87.78
Bristol Myers Squibb (BMY) 0.7 $1.0M 29k 35.94
Google 0.7 $1.0M 1.8k 580.12
CSX Corporation (CSX) 0.7 $1.0M 46k 22.35
At&t (T) 0.7 $1.0M 29k 35.66
Nextera Energy (NEE) 0.7 $1.0M 15k 68.82
Intel Corporation (INTC) 0.7 $1.0M 38k 26.65
Travelers Companies (TRV) 0.7 $961k 15k 63.85
iShares Lehman MBS Bond Fund (MBB) 0.7 $941k 8.7k 108.41
Invesco Van Kampen Senior Income Trust (VVR) 0.7 $945k 195k 4.86
Wynn Resorts (WYNN) 0.7 $937k 9.0k 103.77
SPDR S&P Biotech (XBI) 0.7 $929k 11k 88.48
Core Laboratories 0.6 $922k 8.0k 115.84
United Technologies Corporation 0.6 $914k 12k 75.52
Eaton Vance Limited Duration Income Fund (EVV) 0.6 $922k 57k 16.30
Biogen Idec (BIIB) 0.6 $883k 6.1k 144.40
Perrigo Company 0.6 $883k 7.5k 117.89
Qualcomm (QCOM) 0.6 $878k 16k 55.71
Celgene Corporation 0.6 $876k 14k 64.13
1/100 Berkshire Htwy Cl A 0.6 $875k 700.00 1250.00
Pfizer (PFE) 0.6 $825k 36k 23.00
Continental Resources 0.6 $827k 12k 66.59
Pepsi (PEP) 0.6 $826k 12k 70.65
UnitedHealth (UNH) 0.6 $831k 14k 58.47
D Automatic Data Proce Ssing Inc Common Stock 0 0.6 $827k 15k 55.64
Procter & Gamble Company (PG) 0.6 $815k 13k 61.22
PowerShares Fin. Preferred Port. 0.6 $816k 45k 18.01
V.F. Corporation (VFC) 0.6 $803k 6.0k 133.39
Target Corporation (TGT) 0.6 $791k 14k 58.16
Under Armour (UAA) 0.5 $775k 8.2k 94.51
Rogers Communications -cl B (RCI) 0.5 $758k 21k 36.22
JPMorgan Chase & Co. (JPM) 0.5 $748k 21k 35.72
NewMarket Corporation (NEU) 0.5 $748k 3.5k 216.50
Questcor Pharmaceuticals 0.5 $751k 14k 53.26
BECTON DICKINSON & CO Com Stk 0.5 $750k 10k 74.70
Rayonier (RYN) 0.5 $712k 16k 44.89
Chevron Corporation (CVX) 0.5 $696k 6.6k 105.47
Deere & Company (DE) 0.5 $701k 8.7k 80.87
Microsoft Corporation (MSFT) 0.5 $670k 22k 30.57
priceline.com Incorporated 0.5 $663k 998.00 664.33
Church & Dwight (CHD) 0.5 $662k 12k 55.49
SPDR S&P MidCap 400 ETF (MDY) 0.5 $666k 42k 15.99
Kansas City Southern 0.4 $637k 9.2k 69.54
Vodafone 0.4 $610k 22k 28.17
Tortoise Energy Infrastructure 0.4 $616k 15k 39.90
eBay (EBAY) 0.4 $602k 14k 42.04
PowerShares High Yld. Dividend Achv 0.4 $601k 64k 9.37
Annaly C 0.4 $595k 36k 16.77
Wstrn Ast Clymr Infltn Lkd Opts & Inc (WIW) 0.4 $607k 47k 13.05
Berkshire Hath-cl B 0.4 $602k 7.2k 83.36
BlackRock Ltd. Duration Income Trust (BLW) 0.4 $572k 32k 17.72
Verizon Communications (VZ) 0.4 $545k 12k 44.41
Fresh Market 0.4 $546k 10k 53.63
AMERICAN TOWER CORPORATION Cmn Class A 0.4 $538k 7.7k 69.96
Clean Harbors (CLH) 0.4 $515k 9.1k 56.41
Fiduciary/Claymore MLP Opportunity Fund 0.4 $519k 23k 22.22
VMware 0.3 $508k 5.6k 91.04
Home Depot (HD) 0.3 $479k 9.0k 53.02
Valeant Pharmaceuticals Int 0.3 $469k 11k 44.79
Windstream Corporation 0.3 $440k 46k 9.65
Panera Bread Company 0.3 $439k 3.1k 139.59
CHECK POINT SOFTWARE Technolog Com Stk (CHKP) 0.3 $443k 8.9k 49.64
Seaboard Corporation (SEB) 0.3 $446k 209.00 2133.97
Blackrock Defined Opprty Cr 0.3 $443k 33k 13.64
Abbott Laboratories 0.3 $425k 6.6k 64.53
Putnam Premier Income Trust (PPT) 0.3 $425k 79k 5.35
Borgwarner 0.3 $426k 6.5k 65.64
Inergy 0.3 $413k 22k 18.60
Las Vegas Sands (LVS) 0.3 $404k 9.3k 43.49
CenturyLink 0.3 $407k 10k 39.50
Boeing 0.3 $386k 5.2k 74.33
Concho Resources 0.3 $390k 4.6k 85.06
General Electric Company 0.2 $341k 16k 20.85
Northrop Grumman Corporation (NOC) 0.2 $351k 5.5k 63.75
First Trust/Four Corners SFRI Fund II (FCT) 0.2 $339k 23k 14.69
SandRidge Energy 0.2 $335k 50k 6.70
Oneok Partners 0.2 $325k 6.0k 53.81
Calamos Convertible & Hi Income Fund (CHY) 0.2 $329k 26k 12.55
Enbridge Energy Partners 0.2 $322k 11k 30.81
Oge Energy Corp (OGE) 0.2 $311k 6.0k 51.83
BlackRock Senior High Income Fund 0.2 $310k 76k 4.10
iShares MSCI Malaysia Index Fund 0.2 $297k 21k 14.27
iShares MSCI South Africa Index (EZA) 0.2 $304k 4.8k 64.00
Eaton Vance Short Duration Diversified I (EVG) 0.2 $301k 18k 16.67
Eaton Vance Senior Income Trust (EVF) 0.2 $295k 42k 7.02
LMP Corporate Loan Fund 0.2 $301k 25k 12.08
Nuveen Floating Rate Income Fund (JFR) 0.2 $298k 26k 11.57
Pimco Income Strategy Fund II (PFN) 0.2 $301k 29k 10.48
Boardwalk Pipeline 0.2 $300k 11k 27.60
Western Gas Partners 0.2 $287k 6.6k 43.62
El Paso Pipeline Partners 0.2 $292k 8.6k 33.80
Valmont Industries (VMI) 0.2 $284k 2.4k 120.85
Eaton Vance Senior Floating Rate Fund (EFR) 0.2 $292k 19k 15.30
Pimco Municipal Income Fund (PMF) 0.2 $292k 19k 15.37
Blackrock Fl Rate Ome Stra I 0.2 $282k 22k 13.12
Wells Fargo Adv Multi-Sector Inco Fund (ERC) 0.2 $275k 18k 15.23
Phillips 66 (PSX) 0.2 $276k 8.3k 33.29
Cree 0.2 $257k 10k 25.70
Western Asset Vrble Rate Strtgc Fnd 0.2 $261k 16k 16.70
Agco Corp Com Usd0.01 0.2 $260k 5.7k 45.81
FirstEnergy (FE) 0.2 $246k 5.0k 49.20
Cambrex Corporation 0.2 $238k 25k 9.39
Johnson & Johnson (JNJ) 0.2 $229k 3.4k 67.61
SYSCO Corporation (SYY) 0.2 $236k 7.9k 29.85
Computer Sciences Corporation 0.2 $232k 9.4k 24.79
Cognizant Technology Solutions (CTSH) 0.1 $215k 3.6k 60.14
Waste Management (WM) 0.1 $218k 6.5k 33.46
Freeport-McMoRan Copper & Gold (FCX) 0.1 $217k 6.4k 34.07
Dcp Midstream Partners 0.1 $210k 5.0k 42.17
Genesis Energy (GEL) 0.1 $213k 7.3k 29.02
Atlas Pipeline Partners Lp unit l p int 0 0.1 $215k 6.9k 31.20
Family Dollar Stores 0.1 $207k 3.1k 66.47
Kinder Morgan Management 0.1 $203k 2.8k 73.47
Novartis (NVS) 0.1 $205k 3.7k 55.86
Buckeye Partners 0.1 $202k 3.9k 52.06
BlackRock Floating Rate Income Strat. Fn (FRA) 0.1 $203k 14k 14.38
Crosstex Energy 0.1 $184k 11k 16.43
Frontier Communications 0.1 $128k 33k 3.83
Northstar Realty Finance 0.1 $128k 25k 5.22
Enerplus Corp (ERF) 0.1 $129k 10k 12.90
Pengrowth Energy Corp 0.1 $127k 20k 6.35
Two Harbors Investment 0.1 $104k 10k 10.40
Chimera Investment Corporation 0.1 $65k 28k 2.34
Sprint Nextel Corporation 0.0 $33k 10k 3.30