Cutter & CO Brokerage

Cutter & CO Brokerage as of Dec. 31, 2012

Portfolio Holdings for Cutter & CO Brokerage

Cutter & CO Brokerage holds 0 positions in its portfolio as reported in the December 2012 quarterly 13F filing

                {C}					{C}
      NAME OF      	TITLE OF         	Value 	Shares/Prn           	Invstm  Other  	 Sole
      ISSUER        	CLASS    CUSIP  	x$1000   Amt Sh/Prn	Put/Ca	Dscret Managers	Voting


AGL RESOURCES INC	COM	001204106	2386	59702	SH		SOLE		NONE
AT T INC		COM	00206R102	358	10633	SH		SOLE		NONE
ABBOTT LABORTIES	COM	002824100	317	4835	SH		SOLE		NONE
ACORN ENERGY INC	COM	004848107	1344	172107	SH		SOLE		NONE
AEROVIRONMENT INC	COM	008073108	669	30755	SH		SOLE		NONE
AES TR III 6.75 PFD	COM	00808N202	615	12389	SH		SOLE		NONE
ALLETE INC		COM	018522300	3097	75584	SH		SOLE		NONE
ALLIANT ENERGY CORP	COM	018802108	1372	31246	SH		SOLE		NONE
ALTRIA GROUP INC	COM	02209S103	601	19109	SH		SOLE		NONE
AMEREN CORP		COM	023608102	311	10115	SH		SOLE		NONE
AMER GREETINGS CORP CL	COM	026375105	1549	91717	SH		SOLE		NONE
AMERICAN STATES WATER	COM	029899101	2350	48983	SH		SOLE		NONE
AMERICAN WATER WORKS	COM	030420103	3662	98621	SH		SOLE		NONE
AQUA AMERICA		COM	03836W103	4144	163026	SH		SOLE		NONE
ARCHER DANIELS MIDLAND	COM	039483102	775	28310	SH		SOLE		NONE
ARTESIAN RESOURCES	COM	043113208	2546	113509	SH		SOLE		NONE
ATMOS ENERGY CORP	COM	049560105	1712	48746	SH		SOLE		NONE
AVISTA CORP		COM	05379B107	1854	76902	SH		SOLE		NONE
BERKSHIRE HATHAWAY INC	COM	084670702	5386	60045	SH		SOLE		NONE
BIODELIVERY SCIENCE	COM	09060J106	134	31060	SH		SOLE		NONE
BLACK HILLS CORPORATION	COM	092113109	254	7001	SH		SOLE		NONE
BLCKRCK CR ALLOC INCM	COM	092508100	297	21647	SH		SOLE		NONE
BLCKRCK MUNIYLD QLTY	COM	09254E103	211	13795	SH		SOLE		NONE
BLACKROCK MUNIYIELD	COM	09254F100	320	18157	SH		SOLE		NONE
BLACKROCK CORPOR H/Y F	COM	09255N102	168	13379	SH		SOLE		NONE
BRISTOL MYERS SQUIBB	COM	110122108	483	14824	SH		SOLE		NONE
BUCKEYE PARTNERS	COM	118230101	260	5730	SH		SOLE		NONE
CBRE CLARION GLBL REAL	COM	12504G100	234	26400	SH		SOLE		NONE
CSX CORP		COM	126408103	200	10150	SH		SOLE		NONE
CALIFORNIA WTR SVC GRP	COM	130788102	552	30089	SH		SOLE		NONE
CAMAC ENERGY INC	COM	131745101	55	93200	SH		SOLE		NONE
CAMCO FINANCIAL CORP	COM	132618109	169	82982	SH		SOLE		NONE
CAPSTONE TURBINE CORP	COM	14067D102	16	18500	SH		SOLE		NONE
CAREFUSION CORP		COM	14170T101	928	32480	SH		SOLE		NONE
CEL-SCI CORP COM NEW	COM	150837409	6	24000	SH		SOLE		NONE
CEMEX SAB DE C.V. ADR	COM	151290889	152	15356	SH		SOLE		NONE
CENTERPOINT ENERGY INC	COM	15189T107	1504	78106	SH		SOLE		NONE
CENTERSTATE BANKS INC	COM	15201P109	446	52300	SH		SOLE		NONE
CENTRAL FEDERAL CORP	COM	15346Q202	117	80500	SH		SOLE		NONE
CENTURYLINK INC		COM	156700106	295	7531	SH		SOLE		NONE
CHESAPEAKE UTILS CORP	COM	165303108	3390	74675	SH		SOLE		NONE
CHEVRON CORPORATION	COM	166764100	213	1973	SH		SOLE		NONE
CHICAGO BRIDGE IRON NY	COM	167250109	306	6600	SH		SOLE		NONE
CHINA XD PLASTICS CO LTDCOM	16948F107	50	13050	SH		SOLE		NONE
COCA COLA COMPANY	COM	191216100	212	5842	SH		SOLE		NONE
CODEXIS INC		COM	192005106	82	37200	SH		SOLE		NONE
COHEN STEERS GLOBAL	COM	19248M103	803	77815	SH		SOLE		NONE
COMPASS DIVERSIFIED	COM	20451Q104	3606	245148	SH		SOLE		NONE
COMSTOCK RES INC	COM	205768203	394	26037	SH		SOLE		NONE
CONCORD MEDICAL SVCS	COM	206277105	803	194409	SH		SOLE		NONE
CONNECTICUT WTR SVC	COM	207797101	2376	79787	SH		SOLE		NONE
CONOCOPHILLIPS		COM	20825C104	966	16651	SH		SOLE		NONE
COWEN GROUP INC NEW	COM	223622101	76	31200	SH		SOLE		NONE
CUBIC CORPORATION	COM	229669106	1333	27790	SH		SOLE		NONE
DNP SELECT INCOME	COM	23325P104	784	82800	SH		SOLE		NONE
DELL INC		COM	24702R101	238	23490	SH		SOLE		NONE
DELTA NATURAL GAS INC	COM	247748106	3558	182014	SH		SOLE		NONE
DIAGEO PLC		COM	25243Q205	2201	18877	SH		SOLE		NONE
DIRECTV CL A		COM	25490A309	242	4830	SH		SOLE		NONE
DOVER CORP COMMON	COM	260003108	726	11044	SH		SOLE		NONE
DUKE ENERGY CORP	COM	26441C204	313	4906	SH		SOLE		NONE
EQT CORP		COM	26884L109	493	8351	SH		SOLE		NONE
ETFS PHYSICAL PRECS ETF	COM	26922W109	937	10100	SH		SOLE		NONE
EXCO RESOURCES INC	COM	269279402	68	10032	SH		SOLE		NONE
EATON VANCE TAQX-MAN	COM	27828Y108	375	30021	SH		SOLE		NONE
ENBRIDGE ENERGY MNGT	COM	29250X103	3945	136558	SH		SOLE		NONE
ENERGEN CORP		COM	29265N108	1712	37978	SH		SOLE		NONE
ENERGY TRANSFER PARTNER	COM	29273R109	303	7059	SH		SOLE		NONE
ENTERGY CORP NEW	COM	29364G103	416	6533	SH		SOLE		NONE
ENTERPRISE PRODUCTS	COM	293792107	968	19323	SH		SOLE		NONE
ESCO TECHNOLOGIES INC	COM	296315104	942	25181	SH		SOLE		NONE
EXPRESS SCRIPTS HLDG CO	COM	30219G108	249	4620	SH		SOLE		NONE
EXXON MOBIL CORP	COM	30231G102	1166	13471	SH		SOLE		NONE
FMC CORP NEW		COM	302491303	927	15841	SH		SOLE		NONE
FACEBOOK INC CL A	COM	30303M102	413	15500	SH		SOLE		NONE
FIRST TR ENERGY INCM FD	COM	33738G104	2732	89127	SH		SOLE		NONE
FIRSTENERGY CORP	COM	337932107	1267	30338	SH		SOLE		NONE
FOREST OIL CORP NEW	COM	346091705	168	25100	SH		SOLE		NONE
FRANCE TELECOM		COM	35177Q105	188	17034	SH		SOLE		NONE
FRISCHS RESTAURANTS INC	COM	358748101	274	14800	SH		SOLE		NONE
GABELLI DIVIDEND	COM	36242H104	227	14018	SH		SOLE		NONE
GENERAL ELECTRIC CO	COM	369604103	427	20354	SH		SOLE		NONE
GUANGSHEN RY LTD	COM	40065W107	335	16990	SH		SOLE		NONE
HCP INC			COM	40414L109	546	12095	SH		SOLE		NONE
HANCOCK JOHN PFD INCM	COM	41013X106	408	18847	SH		SOLE		NONE
HARRIS CORP DEL		COM	413875105	731	14921	SH		SOLE		NONE
HAVERTY	FURNITURE	COM	419596101	289	17700	SH		SOLE		NONE
HAWKINS INC		COM	420261109	285	7366	SH		SOLE		NONE
HECKMANN CORP		COM	422680108	1709	424175	SH		SOLE		NONE
HEINZ H J CO COMMON	COM	423074103	421	7300	SH		SOLE		NONE
HOSPIRA INC		COM	441060100	686	21975	SH		SOLE		NONE
INTEL CORP		COM	458140100	432	20965	SH		SOLE		NONE
INTELLICHECK MOBILISA	COM	45817G102	7	11500	SH		SOLE		NONE
INTL BUSINESS MACH CORP	COM	459200101	214	1118	SH		SOLE		NONE
INVENTURE FOODS INC	COM	461212102	836	128800	SH		SOLE		NONE
INVESCO TR INVT GRD MUN	COM	46131M106	197	12914	SH		SOLE		NONE
ISHARES TR MSCI EMG ETF	COM	464287234	239	5383	SH		SOLE		NONE
ISHARES MSCI EAFE INDEX	COM	464287465	259	4561	SH		SOLE		NONE
ITC HOLDINGS CORP	COM	465685105	1023	13295	SH		SOLE		NONE
JOHNSON JOHNSON		COM	478160104	1424	20320	SH		SOLE		NONE
KANSAS CITY SOUTHERN	COM	485170302	1565	18749	SH		SOLE		NONE
KEATING CAP INC		COM	48722R106	94	15055	SH		SOLE		NONE
KINDER MORGAN ENERGY	COM	494550106	543	6801	SH		SOLE		NONE
KINDER MORGAN MGMT LLC	COM	49455U100	2615	34656	SH		SOLE		NONE
KINDER MORGAN INC DEL	COM	49456B101	1286	36391	SH		SOLE		NONE
KINDER MORGAN WTS W/I	COM	49456B119	181	47958	SH		SOLE		NONE
LCNB CORP		COM	50181P100	572	41732	SH		SOLE		NONE
LACELEDE GROUP INC	COM	505597104	2508	64961	SH		SOLE		NONE
LANDEC CORP DE		COM	514766104	301	31700	SH		SOLE		NONE
LAYNE CHRISTENSON CO	COM	521050104	2159	88965	SH		SOLE		NONE
LEGGETT & PLATT INC	COM	524660107	256	9400	SH		SOLE		NONE
LEUCADIA NATL CORP	COM	527288104	1629	68478	SH		SOLE		NONE
LIBERTY MEDIA CORP NEW	COM	530322106	355	3057	SH		SOLE		NONE
LIMONEIRA CO		COM	532746104	783	40360	SH		SOLE		NONE
LINN CO LLC		COM	535782106	295	8150	SH		SOLE		NONE
LINN ENERGY LLC UNITS	COM	536020100	242	6857	SH		SOLE		NONE
LONE PINE RESOURCES INC	COM	54222A106	27	21902	SH		SOLE		NONE
MDU RES GROUP INC	COM 	552690109	1832	86270	SH		SOLE		NONE
MFA FINANCIAL INC	COM	55272X102	151	18607	SH		SOLE		NONE
MGE ENERGY INC		COM	55277P104	800	15700	SH		SOLE		NONE
MELA SCIENCES INC	COM	55277R100	58	32300	SH		SOLE		NONE
MFC INDUSTRIAL LTD	COM	55278T105	1596	186618	SH		SOLE		NONE
MAGELLAN MIDSTREAM PR	COM	559080106	433	10020	SH		SOLE		NONE
MCDONALDS CORP		COM	580135101	333	3770	SH		SOLE		NONE
MEDTRONIC INC		COM	585055106	1531	37335	SH		SOLE		NONE
MEREDITH CORP		COM	589433101	334	9700	SH		SOLE		NONE
MESA LABS INC		COM	59064R109	791	15791	SH		SOLE		NONE
METHANEX CORP		COM	59151K108	841	26403	SH		SOLE		NONE
MICROSOFT CORP		COM	594918104	272	10197	SH		SOLE		NONE
MIDDLESEX WATER CO	COM	596680108	1121	57288	SH		SOLE		NONE
MOLSON COORS BREWING-B	COM	60871R209	667	15577	SH		SOLE		NONE
MONMOUTH REAL EST CLA	COM	609720107	576	55576	SH		SOLE		NONE
MONSANTO CO NEW		COM	61166W101	218	2306	SH		SOLE		NONE
MURPHY OIL CORP		COM	626717102	792	13303	SH		SOLE		NONE
NII HLDGS INC CL B	COM	62913F201	89	12525	SH		SOLE		NONE
NRG ENERGY INC		COM	629377508	294	12802	SH		SOLE		NONE
NATL FUEL GAS CO	COM	636180101	3646	71921	SH		SOLE		NONE
NEUBERGER BERMAN HIGH	COM	64128C106	397	28527	SH		SOLE		NONE
NEWFIELD EXPL COMPANY	COM	651290108	544	20325	SH		SOLE		NONE
NEXTERA ENERGY INC	COM	65339F101	1024	14804	SH		SOLE		NONE
NORFOLK SOLUTHERN CORP	COM	655844108	215	3480	SH		SOLE		NONE
NOVO NORDISK A S ADR	COM	670100205	2245	13757	SH		SOLE		NONE
NUVEEN EQUITY PREMIUM	COM	6706ER101	380	32150	SH		SOLE		NONE
NUVEEN PREFERRED INCOME	COM	67073B106	175	18036	SH		SOLE		NONE
NUBEEN ENERGY INC	COM	67073Y106	1030	56760	SH		SOLE		NONE
NUVEEN MUN OPPTY FD INC	COM	670984103	214	13984	SH		SOLE		NONE
OMNICARE INC		COM	681904108	233	6450	SH		SOLE		NONE
PG E CORPORATION	COM	69331C108	315	7842	SH		SOLE		NONE
PEPCO HOLDINGS INC	COM	713291102	463	23622	SH		SOLE		NONE
PEPSICO INCORPORATED	COM	713448108	2061	30113	SH		SOLE		NONE
PFIZER INCORPORATED	COM	717081103	1069	42606	SH		SOLE		NONE
PHILIP MORRIS INTL INC	COM	718172109	341	4075	SH		SOLE		NONE
PIKE ELECTRIC CORP	COM	721283109	722	75600	SH		SOLE		NONE
PITNEY BOWES INC	COM	724479100	117	11005	SH		SOLE		NONE
PORTLAND GENERAL ELEC	COM	736508847	1647	60187	SH		SOLE		NONE
PWRSHR PREFERED PROT	COM	73936T565	3730	254100	SH		SOLE		NONE
PROCTER GAMBLE CO	COM	742718109	264	3895	SH		SOLE		NONE
PROSPECT CAPITAL CORP	COM	74348T102	126	11625	SH		SOLE		NONE
PROVIDENCE & WORCESTER	COM	743737108	1023	73288	SH		SOLE		NONE
PUTNAM MNGD MUNI INCM	COM	746823103	139	17193	SH		SOLE		NONE
QC HOLDINGS INC		COM	74729T101	84	26000	SH		SOLE		NONE
QEP RESOURCES INC	COM	74733V100	1634	53986	SH		SOLE		NONE
QUESTAR CORP		COM	748356102	2139	108229	SH		SOLE		NONE
RGC RESOURCES INC	COM	74955L103	1662	90079	SH		SOLE		NONE
RAYTHEON COMPANY	COM	755111507	467	8108	SH		SOLE		NONE
REYNOLDS AMERICAN INC	COM	761713106	324	7823	SH		SOLE		NONE
ROCHESTER MEDICAL CORP	COM	771497104	899	89200	SH		SOLE		NONE
RURBAN FINANCIAL CORP	COM	78176P108	116	17800	SH		SOLE		NONE
S J W CORP		COM	784305104	3824	143752	SH		SOLE		NONE
SANFILIPPO JOHN B SON	COM	800422107	314	17250	SH		SOLE		NONE
SEADRILL LTD		COM	G7945E105	210	5702	SH		SOLE		NONE
SEMPRA ENERGY		COM	816851109	1069	15067	SH		SOLE		NONE
SO JERSEY IND INC	COM	838518108	2405	47789	SH		SOLE		NONE
SOUTHERN COMPANY	COM	842587107	259	6061	SH		SOLE		NONE
SPECTRA ENERGY CORP	COM	847560109	1044	38114	SH		SOLE		NONE
STATOIL ASA		COM	85771P102	1262	50410	SH		SOLE		NONE
SUNCOR ENERGY INC NEW	COM	867224107	692	20975	SH		SOLE		NONE
SUNOCO LOGISTICS PART	COM	86764L108	397	7993	SH		SOLE		NONE
SWISS HELVETIA FUND INC	COM	870875101	1391	123235	SH		SOLE		NONE
TANGER FACTRY OUTLET CT	COM	875465106	294	8600	SH		SOLE		NONE
TELEFONICA SA		COM	879382208	476	35303	SH		SOLE		NONE
TEMPLETON EMERG MKTS	COM	880192109	218	12569	SH		SOLE		NONE
TEMPLETON GLOBAL INCOME	COM	880198106	332	35120	SH		SOLE		NONE
THERMO FISHER SCI INC	COM	883556102	492	7715	SH		SOLE		NONE
THOMPSON CREEK METALS	COM	884768102	147	35500	SH		SOLE		NONE
TIANYIN PHARMACETICAL 	COM	88630M104	67	111400	SH		SOLE		NONE
TORTOISE ENERGY INFRA	COM	89147L100	993	26196	SH		SOLE		NONE
TOTAL S.A. SPONS ADR	COM	89151E109	1085	20859	SH		SOLE		NONE
TRANSALTA CORP		COM	89346D107	435	28530	SH		SOLE		NONE
UGI CORP NEW		COM	902681105	1283	39230	SH		SOLE		NONE
UMH PROPERTIES INC	COM	903002103	252	24400	SH		SOLE		NONE
UQM TECHNOLOGIES INC	COM	903213106	10	13000	SH		SOLE		NONE
ULTRA PETROLEUM CORP	COM	903914109	530	29260	SH		SOLE		NONE
UNITIL CORP		COM	913259107	2219	85598	SH		SOLE		NONE
VEOLIA ENVIRONMENT	COM	92334N103	331	27050	SH		SOLE		NONE
VERIZON COMMUNICATIONS	COM	92343V104	574	13263	SH		SOLE		NONE
VERSAR INC		COM	925297103	433	112200	SH		SOLE		NONE
VILLAGE SUPER MKT INC	COM	927107409	519	15794	SH		SOLE		NONE
VODAFONE GROUP SPONS	COM	92857W209	1866	74083	SH		SOLE		NONE
WAL-MART STORES INC	COM	931142103	373	5460	SH		SOLE		NONE
WALLGREEN COMPANY	COM	931422109	1353	36549	SH		SOLE		NONE
WALTER ENERGY INC	COM	93317Q105	783	21834	SH		SOLE		NONE
WESTRN ASSET HIGH INC	COM	95766H106	145	15408	SH		SOLE		NONE
WILEY & SONS INC CLA	COM	968223206	1096	28164	SH		SOLE		NONE
WILLI G FOOD INTL LTD 	COM	M52523103	119	24950	SH		SOLE		NONE
WILLIAMS COMPANIE INC	COM	969457100	999	30518	SH		SOLE		NONE
WPX ENERGY INC		COM	98212B103	253	17025	SH		SOLE		NONE
XEROX CORP		COM	984121103	246	36073	SH		SOLE		NONE
XYLEM INC		COM	98419M100	2884	106402	SH		SOLE		NONE
YORK WATER COMPANY	COM	987184108	644	36659	SH		SOLE		NONE