Fma Advisory

FMA Advisory as of Dec. 31, 2005

Portfolio Holdings for FMA Advisory

FMA Advisory holds 116 positions in its portfolio as reported in the December 2005 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Pennsylvania Commerce 10.5 $16M 491k 31.85
Bank of America Corporation (BAC) 3.7 $5.6M 121k 46.15
Chevron Corporation (CVX) 3.1 $4.6M 81k 56.77
Citi 3.0 $4.4M 91k 48.53
Medtronic 2.9 $4.2M 74k 57.57
Exxon Mobil Corporation (XOM) 2.8 $4.2M 74k 56.16
Pepsi (PEP) 2.5 $3.8M 64k 59.07
Mbna Corp 2.4 $3.5M 130k 27.15
Washington Mutual 2.0 $3.0M 68k 43.49
General Electric Company 2.0 $2.9M 84k 35.05
American Intl Group 1.8 $2.6M 38k 68.22
ConocoPhillips (COP) 1.7 $2.6M 44k 58.19
Tyco Intl 1.7 $2.5M 86k 28.86
Johnson & Johnson (JNJ) 1.5 $2.2M 37k 60.10
T. Rowe Price (TROW) 1.4 $2.1M 30k 72.02
Pfizer (PFE) 1.4 $2.1M 89k 23.32
Automatic Data Processing (ADP) 1.4 $2.1M 45k 45.90
AmerisourceBergen (COR) 1.2 $1.8M 44k 41.39
Mylan 1.2 $1.8M 92k 19.96
United Technologies Corporation 1.2 $1.8M 33k 55.92
Altria (MO) 1.2 $1.8M 24k 74.70
Zimmer Holdings (ZBH) 1.2 $1.8M 27k 67.44
Ingersoll Rand 1.2 $1.8M 45k 40.37
FedEx Corporation (FDX) 1.2 $1.7M 17k 103.41
New York Community Ban (NYCB) 1.1 $1.7M 103k 16.52
Brandywine Realty Trust (BDN) 1.1 $1.7M 60k 27.92
Procter & Gamble Company (PG) 1.1 $1.7M 29k 57.89
Dominion Resources (D) 1.1 $1.6M 21k 77.22
Kinder Morgan Energy Partners 1.1 $1.6M 33k 47.81
Duke Energy Corp 1.0 $1.5M 56k 27.46
Microsoft Corporation (MSFT) 1.0 $1.4M 55k 26.15
Home Depot (HD) 0.9 $1.3M 31k 40.47
Suntrust Banks Inc $1.00 Par Cmn 0.8 $1.3M 17k 72.76
Commerce Bancorp 0.8 $1.2M 36k 34.41
Praxair 0.8 $1.2M 23k 52.96
Chubb Corporation 0.8 $1.2M 12k 97.66
Masco Corporation (MAS) 0.8 $1.2M 40k 30.19
Intel Corporation (INTC) 0.8 $1.2M 47k 24.97
HCC Insurance Holdings 0.8 $1.2M 40k 29.68
Barr Pharmaceuticals 0.8 $1.1M 18k 62.27
WellPoint 0.8 $1.1M 14k 79.82
JPMorgan Chase & Co. (JPM) 0.8 $1.1M 28k 39.67
McKesson Corporation (MCK) 0.8 $1.1M 22k 51.59
UGI Corporation (UGI) 0.7 $1.1M 53k 20.59
Sealed Air (SEE) 0.7 $1.1M 19k 56.17
Verizon Communications (VZ) 0.7 $1.0M 34k 30.13
Walgreen Company 0.7 $1.0M 23k 44.26
Quest Diagnostics Incorporated (DGX) 0.7 $1.0M 20k 51.47
Dell 0.7 $998k 33k 29.95
StarTek 0.7 $991k 55k 18.00
Teva Pharmaceutical Industries (TEVA) 0.7 $985k 23k 43.01
Alltel Corporation 0.7 $980k 16k 63.07
Target Corporation (TGT) 0.7 $983k 18k 54.99
Moog (MOG.A) 0.7 $988k 35k 28.39
Duquesne Light Holdings 0.6 $953k 58k 16.32
iShares MSCI Canada Index (EWC) 0.6 $955k 44k 21.89
Illinois Tool Works (ITW) 0.6 $916k 10k 87.97
Abbott Laboratories (ABT) 0.6 $911k 23k 39.44
Air Products & Chemicals (APD) 0.6 $867k 15k 59.17
Cisco Systems (CSCO) 0.6 $811k 47k 17.11
Stryker Corporation (SYK) 0.6 $822k 19k 44.42
Harte-Hanks 0.6 $820k 31k 26.38
Astoria Financial Corporation 0.5 $787k 27k 29.41
Cohen & Steers REIT/P (RNP) 0.5 $786k 30k 25.85
Legg Mason 0.5 $743k 6.2k 119.62
Colgate-Palmolive Company (CL) 0.5 $739k 14k 54.86
Loews Corporation (L) 0.5 $709k 11k 66.68
SYSCO Corporation (SYY) 0.5 $711k 23k 31.06
Fortune Brands 0.5 $710k 9.1k 78.03
First Data Corp 0.5 $697k 16k 43.01
Caterpillar (CAT) 0.5 $686k 12k 57.77
Vornado Realty Trust (VNO) 0.5 $682k 8.2k 83.44
American Express Company (AXP) 0.4 $657k 13k 51.46
Bear Stearns Companies 0.4 $631k 3.1k 202.16
Rite Aid Corporation 0.4 $630k 181k 3.48
Rbc Cad (RY) 0.4 $631k 8.1k 78.02
Texas Instruments Incorporated (TXN) 0.4 $593k 19k 32.07
Whole Foods Market 0.4 $594k 7.7k 77.41
Honeywell International (HON) 0.4 $578k 16k 37.22
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.4 $571k 7.7k 74.49
PPL Corporation (PPL) 0.4 $571k 19k 29.39
International Business Machines (IBM) 0.4 $555k 6.7k 82.23
Hershey Company (HSY) 0.4 $543k 9.8k 55.30
Thermo Fisher Scientific (TMO) 0.4 $535k 18k 30.14
Forest Laboratories 0.4 $539k 13k 40.71
Flextronics International Ltd Com Stk (FLEX) 0.4 $535k 51k 10.44
Kimberly-Clark Corporation (KMB) 0.3 $516k 8.6k 59.71
Manitowoc Company 0.3 $446k 8.9k 50.18
Electronic Arts (EA) 0.3 $399k 7.6k 52.33
International Rectifier Corporation 0.3 $388k 12k 31.93
Fulton Financial (FULT) 0.2 $369k 21k 17.61
Costco Wholesale Corporation (COST) 0.2 $350k 7.1k 49.50
Marsh & McLennan Companies (MMC) 0.2 $362k 11k 31.80
Wal-Mart Stores (WMT) 0.2 $346k 7.4k 46.77
Federal National Mortgage Association (FNMA) 0.2 $339k 7.0k 48.75
American Locker Group Incorporated (ALGI) 0.2 $341k 58k 5.92
Comcast Corporation 0.2 $330k 13k 25.68
United Parcel Service (UPS) 0.2 $329k 4.4k 75.20
Mack-Cali Realty (VRE) 0.2 $314k 7.3k 43.16
American Power Conversion Corp 0.2 $291k 13k 21.98
Sprint Nextel Corporation 0.2 $300k 13k 23.39
PROVIDENT BANKSHARES CORP COM Stk 0.2 $298k 8.8k 33.77
BP (BP) 0.2 $284k 4.4k 64.17
Ubs 0.2 $287k 3.0k 94.78
Nokia Corporation (NOK) 0.2 $262k 14k 18.31
Wachovia Corp 0.2 $269k 5.1k 52.85
Wells Fargo & Company (WFC) 0.2 $259k 4.1k 62.72
Family Dollar Stores 0.2 $240k 9.7k 24.77
Kinder Morgan 0.2 $240k 2.6k 91.87
Harley-davidson 0.2 $243k 4.7k 51.49
3M Company (MMM) 0.1 $229k 3.0k 77.60
L-3 Communications Holdings 0.1 $218k 2.9k 74.28
Thornburg Mtg 0.1 $216k 8.3k 26.09
Community Bks Inc Pa 0.1 $224k 8.0k 28.00
H.J. Heinz Company 0.1 $202k 6.0k 33.67
Sirius Satellite Radio 0.1 $101k 15k 6.71