TrueNorth

TrueNorth as of Sept. 30, 2012

Portfolio Holdings for TrueNorth

TrueNorth holds 185 positions in its portfolio as reported in the September 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares IBoxx $ Invest Grade Corp Bd (LQD) 8.2 $18M 144k 121.77
iShares S&P US Pref Stock Idx Fnd (PFF) 5.2 $11M 280k 39.86
Apple Computer 3.1 $6.8M 10k 667.13
SPDR S&P MidCap 400 ETF (MDY) 2.4 $5.1M 308k 16.57
Exxon Mobil Corporation (XOM) 2.2 $4.7M 51k 91.44
iShares Russell 3000 Index (IWV) 1.8 $3.8M 45k 84.84
iShares Dow Jones Select Dividend (DVY) 1.7 $3.7M 64k 57.67
Vanguard Total Stock Market ETF (VTI) 1.7 $3.7M 50k 73.65
iShares iBoxx $ High Yid Corp Bond (HYG) 1.7 $3.6M 39k 92.30
Vanguard Health Care ETF (VHT) 1.6 $3.5M 48k 73.21
iShares S&P SmallCap 600 Index (IJR) 1.6 $3.4M 45k 77.06
iShares MSCI Mexico Inv. Mt. Idx. (EWW) 1.6 $3.4M 52k 65.39
Vanguard REIT ETF (VNQ) 1.5 $3.3M 50k 64.97
International Business Machines (IBM) 1.4 $2.9M 14k 207.47
Jp Morgan Alerian Mlp Index (AMJ) 1.3 $2.9M 71k 40.45
Bk Of America Corp 1.3 $2.7M 309k 8.83
PowerShares High Yld. Dividend Achv 1.3 $2.7M 280k 9.67
Schwab Strategic Tr cmn (SCHV) 1.3 $2.7M 85k 31.97
At&t (T) 1.1 $2.4M 65k 37.70
Vanguard Total Bond Market ETF (BND) 1.1 $2.4M 29k 85.14
First Trust DJ Internet Index Fund (FDN) 1.1 $2.4M 62k 37.92
First Trust Materials AlphaDEX Fnd (FXZ) 1.0 $2.2M 89k 24.36
Eaton Vance Limited Duration Income Fund (EVV) 1.0 $2.1M 121k 16.98
Invesco Van Kampen Senior Income Trust (VVR) 1.0 $2.1M 412k 5.01
Financial Select Sector SPDR (XLF) 0.9 $2.1M 132k 15.59
Vodafone 0.9 $2.0M 71k 28.50
Verizon Communications (VZ) 0.9 $2.0M 44k 45.58
Rayonier (RYN) 0.9 $2.0M 41k 49.02
Windstream Corporation 0.9 $1.9M 187k 10.09
Tupperware Brands Corporation (TUP) 0.9 $1.9M 35k 53.58
CenturyLink 0.8 $1.8M 44k 40.40
Starbucks Corporation (SBUX) 0.8 $1.8M 35k 50.70
Qualcomm (QCOM) 0.8 $1.7M 28k 62.49
Annaly C 0.8 $1.7M 101k 16.84
JPMorgan Chase & Co. (JPM) 0.8 $1.6M 40k 40.49
iShares Cohen & Steers Realty Maj. (ICF) 0.7 $1.6M 20k 77.85
Travelers Companies (TRV) 0.7 $1.5M 23k 68.26
Vanguard FTSE All-World ex-US ETF (VEU) 0.7 $1.5M 35k 42.97
Core Laboratories 0.7 $1.4M 12k 121.48
McDonald's Corporation (MCD) 0.6 $1.4M 15k 91.72
CF Industries Holdings (CF) 0.6 $1.4M 6.2k 222.20
Pfizer (PFE) 0.6 $1.4M 55k 24.86
V.F. Corporation (VFC) 0.6 $1.4M 8.5k 159.41
Plum Creek Timber 0.6 $1.3M 30k 43.83
Honeywell International (HON) 0.6 $1.3M 22k 59.77
Target Corporation (TGT) 0.6 $1.3M 20k 63.45
TJX Companies (TJX) 0.6 $1.3M 29k 44.80
D Automatic Data Proce Ssing Inc Common Stock 0 0.6 $1.3M 22k 58.67
Chubb Corporation 0.6 $1.3M 17k 76.26
Google 0.6 $1.3M 1.7k 754.64
Procter & Gamble Company (PG) 0.6 $1.2M 18k 69.35
United Technologies Corporation 0.6 $1.2M 16k 78.32
Royal Gold (RGLD) 0.6 $1.2M 12k 99.84
Rogers Communications -cl B (RCI) 0.6 $1.2M 30k 40.40
Abbott Laboratories 0.5 $1.1M 16k 68.56
BECTON DICKINSON & CO Com Stk 0.5 $1.1M 14k 78.53
Lennar Corporation (LEN) 0.5 $1.1M 31k 34.76
PowerShares Fin. Preferred Port. 0.5 $1.1M 59k 18.46
Chevron Corporation (CVX) 0.5 $1.1M 9.3k 116.53
Vanguard Mid-Cap ETF (VO) 0.5 $1.1M 13k 81.18
Nuveen Floating Rate Income Fund (JFR) 0.5 $1.0M 82k 12.50
MasterCard Incorporated (MA) 0.5 $1.0M 2.2k 451.31
Vanguard Intermediate-Term Bond ETF (BIV) 0.5 $1.0M 11k 90.28
UMB Financial Corporation (UMBF) 0.5 $1.0M 21k 48.69
Wynn Resorts (WYNN) 0.5 $981k 8.5k 115.41
Nextera Energy (NEE) 0.5 $961k 14k 70.30
Pepsi (PEP) 0.5 $965k 14k 70.74
Celgene Corporation 0.4 $939k 12k 76.37
iShares Lehman MBS Bond Fund (MBB) 0.4 $948k 8.7k 109.22
Continental Resources 0.4 $934k 12k 76.94
ING Prime Rate Trust 0.4 $916k 148k 6.19
1/100 Berkshire Htwy Cl A 0.4 $929k 700.00 1327.14
Cerner Corporation 0.4 $907k 12k 77.36
Invesco Van Kampen Dyn Cr Opp Fund 0.4 $896k 71k 12.68
Royal Dutch Shell 0.4 $885k 13k 69.41
SPDR S&P Biotech (XBI) 0.4 $885k 9.5k 93.45
Monsanto Company 0.4 $867k 9.5k 91.07
Under Armour (UAA) 0.4 $841k 15k 55.81
Biogen Idec (BIIB) 0.4 $812k 5.4k 149.13
NewMarket Corporation (NEU) 0.4 $812k 3.3k 246.43
Bp Plc-spons 0.4 $802k 19k 42.34
Perrigo Company 0.4 $788k 6.8k 116.14
Silver Wheaton Corp 0.3 $756k 19k 39.69
Hollyfrontier Corp 0.3 $745k 18k 41.29
Deere & Company (DE) 0.3 $715k 8.7k 82.49
Kansas City Southern 0.3 $699k 9.2k 75.81
Market Vectors Junior Gold Miners ETF 0.3 $710k 29k 24.72
Bristol Myers Squibb (BMY) 0.3 $683k 20k 33.77
Fiduciary/Claymore MLP Opportunity Fund 0.3 $692k 30k 22.94
SYSCO Corporation (SYY) 0.3 $661k 21k 31.26
eBay (EBAY) 0.3 $660k 14k 48.39
Novartis (NVS) 0.3 $641k 11k 61.22
Berkshire Hath-cl B 0.3 $637k 7.2k 88.20
Northstar Realty Finance 0.3 $613k 96k 6.36
Tortoise Energy Infrastructure 0.3 $625k 15k 40.48
Wstrn Ast Clymr Infltn Lkd Opts & Inc (WIW) 0.3 $625k 47k 13.44
Eastman Chemical Company (EMN) 0.3 $608k 11k 56.98
Fastenal Company (FAST) 0.3 $600k 14k 42.98
BlackRock Ltd. Duration Income Trust (BLW) 0.3 $601k 32k 18.62
CSX Corporation (CSX) 0.3 $570k 28k 20.73
Church & Dwight (CHD) 0.3 $587k 11k 54.03
Microsoft Corporation (MSFT) 0.3 $549k 19k 29.75
Eaton Corporation 0.3 $554k 12k 47.27
Gladstone Commercial Corporation (GOOD) 0.3 $554k 30k 18.25
Concho Resources 0.3 $565k 6.0k 94.72
KLA-Tencor Corporation (KLAC) 0.3 $564k 12k 47.70
Southern Copper Corporation (SCCO) 0.3 $568k 17k 34.37
Fresh Market 0.3 $552k 9.2k 59.93
Home Depot (HD) 0.2 $545k 9.0k 60.32
United Parcel Service (UPS) 0.2 $545k 7.6k 71.62
priceline.com Incorporated 0.2 $540k 873.00 618.56
American Capital Agency 0.2 $538k 16k 34.62
Valeant Pharmaceuticals Int 0.2 $529k 9.6k 55.28
Hatteras Financial 0.2 $523k 19k 28.17
Air Prod & Chem 0.2 $520k 6.3k 82.67
VMware 0.2 $494k 5.1k 96.67
AMERICAN TOWER CORPORATION Cmn Class A 0.2 $501k 7.0k 71.42
Panera Bread Company 0.2 $483k 2.8k 170.97
Seaboard Corporation (SEB) 0.2 $472k 209.00 2258.37
Oge Energy Corp (OGE) 0.2 $444k 8.0k 55.50
Inergy 0.2 $449k 24k 19.01
Putnam Premier Income Trust (PPT) 0.2 $455k 79k 5.73
Blackrock Defined Opprty Cr 0.2 $456k 33k 14.04
Peabody Energy Corporation 0.2 $401k 18k 22.31
Clean Harbors (CLH) 0.2 $386k 7.9k 48.86
General Electric Company 0.2 $380k 17k 22.73
Wells Fargo & Company (WFC) 0.2 $397k 12k 34.52
Boeing 0.2 $378k 5.4k 69.61
Boardwalk Pipeline 0.2 $387k 14k 27.90
Borgwarner 0.2 $397k 5.7k 69.16
Phillips 66 (PSX) 0.2 $385k 8.3k 46.43
Oneok Partners 0.2 $359k 6.0k 59.44
First Trust/Four Corners SFRI Fund II (FCT) 0.2 $364k 23k 15.77
Intel Corporation (INTC) 0.2 $334k 15k 22.62
Nike (NKE) 0.2 $351k 3.7k 94.86
SandRidge Energy 0.2 $349k 50k 6.98
LMP Corporate Loan Fund 0.2 $334k 25k 13.40
El Paso Pipeline Partners 0.1 $322k 8.6k 37.27
Regency Energy Partners 0.1 $330k 14k 23.31
iShares MSCI South Africa Index (EZA) 0.1 $317k 4.8k 66.74
Calamos Convertible & Hi Income Fund (CHY) 0.1 $332k 26k 12.67
Eaton Vance Short Duration Diversified I (EVG) 0.1 $318k 18k 17.61
Eaton Vance Senior Floating Rate Fund (EFR) 0.1 $317k 19k 16.61
Pimco Municipal Income Fund (PMF) 0.1 $314k 19k 16.53
Eaton Vance Senior Income Trust (EVF) 0.1 $319k 42k 7.60
Pimco Income Strategy Fund II (PFN) 0.1 $328k 29k 11.42
Computer Sciences Corporation 0.1 $301k 9.4k 32.16
Buckeye Partners 0.1 $293k 6.1k 47.95
Enbridge Energy Partners 0.1 $308k 11k 29.47
Valmont Industries (VMI) 0.1 $309k 2.4k 131.49
Cambrex Corporation 0.1 $297k 25k 11.72
iShares MSCI Malaysia Index Fund 0.1 $303k 21k 14.55
Blackrock Fl Rate Ome Stra I 0.1 $295k 22k 13.73
Wells Fargo Adv Multi-Sector Inco Fund (ERC) 0.1 $295k 18k 16.33
Cummins (CMI) 0.1 $277k 3.0k 92.33
Crosstex Energy 0.1 $285k 19k 15.41
Western Asset Vrble Rate Strtgc Fnd 0.1 $288k 16k 18.43
Agco Corp Com Usd0.01 0.1 $269k 5.7k 47.40
Cognizant Technology Solutions (CTSH) 0.1 $250k 3.6k 69.93
Schlumberger (SLB) 0.1 $265k 3.7k 72.21
Freeport-McMoRan Copper & Gold (FCX) 0.1 $252k 6.4k 39.56
American Express 0.1 $251k 4.4k 56.79
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.1 $252k 2.4k 105.66
Via 0.1 $245k 4.6k 53.55
Johnson & Johnson (JNJ) 0.1 $233k 3.4k 68.79
Linn Energy 0.1 $226k 5.5k 41.17
Dcp Midstream Partners 0.1 $231k 5.0k 46.39
Genesis Energy (GEL) 0.1 $247k 7.3k 33.65
Sunoco Logistics Partners 0.1 $232k 5.0k 46.59
Consumer Staples Select Sect. SPDR (XLP) 0.1 $246k 6.9k 35.76
Atlas Pipeline Partners Lp unit l p int 0 0.1 $235k 6.9k 34.11
FirstEnergy (FE) 0.1 $221k 5.0k 44.20
Family Dollar Stores 0.1 $206k 3.1k 66.15
Kinder Morgan Management 0.1 $214k 2.8k 76.27
Exelon Corporation (EXC) 0.1 $213k 6.0k 35.50
MarkWest Energy Partners 0.1 $209k 3.8k 54.43
BreitBurn Energy Partners 0.1 $208k 11k 19.44
Targa Resources Partners 0.1 $224k 5.2k 42.87
Holly Energy Partners 0.1 $205k 3.1k 66.45
BlackRock Floating Rate Income Strat. Fn (FRA) 0.1 $213k 14k 15.08
Northrop Grumman Corporation (NOC) 0.1 $201k 3.0k 66.42
Frontier Communications 0.1 $164k 33k 4.91
Eagle Rock Energy Partners,L.P 0.1 $121k 13k 9.53
Portugal Telecom, SGPS 0.1 $109k 22k 4.95
Chimera Investment Corporation 0.0 $75k 28k 2.70