Fulton Breakefield Broenniman d/b/a FBB Capital Partners

Fulton Breakefield Broenniman d/b/a FBB Capital Partners as of Dec. 31, 2011

Portfolio Holdings for Fulton Breakefield Broenniman d/b/a FBB Capital Partners

Fulton Breakefield Broenniman d/b/a FBB Capital Partners holds 0 positions in its portfolio as reported in the December 2011 quarterly 13F filing

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FORM 13F INFORMATION TABLE	TITLE OF		VALUE	SHARES/	SH/	PUT/	INVSTMT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	                CLASS	CUSIP   	(x$1000)PRN     AMT PRN	CALL	DSCRETN	MGRS	SOLE	SHARED	NONE
1/100th Berkshire Hathaway Inc	COM   	084670108	236	200			sole		200	0	0
3M Company                   	COM   	88579Y101	1533	17590			sole		17590	0	0
AAG Hldgs Pfd 7.25%          	PFD   	000336305	793	31480			sole		31480	0	0
ABB Ltd Sponsored ADR        	COM   	000375204	401	18670			sole		18670	0	0
Abbott Laboratories          	COM   	002824100	347	6298			sole		6298	0	0
ADVANCED CELL TECHNOLOGY  INC	COM   	00752K105	8	70000			sole		70000	0	0
Aflac Incorporated           	COM   	001055102	1078	22315			sole		22315	0	0
Air Products and Chemicals, In	COM   	009158106	1107	12245			sole		12245	0	0
Akamai Technologies          	COM   	00971T101	1218	31698			sole		31698	0	0
Allianz Pfd 8.375%           	PFD   	018805200	999	37773			sole		37773	0	0
Altria Group, Inc.           	COM   	02209S103	1627	55709			sole		55709	0	0
Amazon.com, Inc.             	COM   	023135106	304	1639			sole		1639	0	0
Amer Fin 7.125%              	PFD   	025932203	774	30635			sole		30635	0	0
American Electric Power Compan	COM   	025537101	652	16595			sole		16595	0	0
American Express Company     	COM   	025816109	953	18392			sole		18392	0	0
Amgen Inc.                   	COM   	031162100	3285	48764			sole		48764	0	0
Annaly Mtg Mgmt Inc          	COM   	035710409	1973	119290			sole		119290	0	0
Aon Corp.                    	COM   	037389103	499	10276			sole		10276	0	0
Apache Corporation           	COM   	037411105	2897	27561			sole		27561	0	0
Apple Computer, Inc.         	COM   	037833100	1398	2834			sole		2834	0	0
ASTRONICS CORP COM           	COM   	046433108	208	5892			sole		5892	0	0
AT^T Inc.                    	COM   	00206R102	3392	113682			sole		113682	0	0
Atmos Energy Corporation     	COM   	049560105	1104	34997			sole		34997	0	0
Bank Of Amer 7.25%           	PFD   	060505724	733	30840			sole		30840	0	0
Bank of America 7%           	PFD   	055188205	461	18950			sole		18950	0	0
Bank Of America Corporation  	COM   	060505104	1221	151250			sole		151250	0	0
Barclays Bank 7.75%          	PFD   	06739H511	399	15960			sole		15960	0	0
Barclays Bk 8.125%           	PFD   	06739H362	295	11700			sole		11700	0	0
Barclays Bk Plc 6.625%       	PFD   	06739f390	797	34265			sole		34265	0	0
BB^T Corporation             	COM   	054937107	242	8255			sole		8255	0	0
Berkshire Hathaway Inc. Class	COM   	084670702	4453	56523			sole		56523	0	0
BHP Billiton Limited         	COM   	088606108	2030	26330			sole		26330	0	0
BP Prudhoe Bay Rty Tr Unit Ben	COM   	055630107	2814	23934			sole		23934	0	0
Broadcom Corp Cl A           	COM   	111320107	1262	34117			sole		34117	0	0
C. R. Bard, Inc.             	COM   	067383109	1033	10798			sole		10798	0	0
Canon Inc ADR                	COM   	138006309	598	13689			sole		13689	0	0
Capital One 7.5% Pfd         	PFD   	14041L204	295	11550			sole		11550	0	0
Caterpillar Inc.             	COM   	149123101	4255	38078			sole		38078	0	0
CBIZ Inc                     	COM   	124805102	192	29241			sole		29241	0	0
Celgene Corp                 	COM   	151020104	811	11305			sole		11305	0	0
Charles Schwab Corporation   	COM   	808513105	292	23950			sole		23950	0	0
Chevron Corporation          	COM   	166764100	5102	48462			sole		48462	0	0
Church & Dwight Co., Inc.    	COM   	171340102	1617	34083			sole		34083	0	0
Cisco Systems, Inc.          	COM   	17275R102	3516	176713			sole		176713	0	0
Citigroup Cap 6.35%          	PFD   	17311H209	961	39880			sole		39880	0	0
Citigroup Cap 7.25%          	PFD   	17311U200	243	9600			sole		9600	0	0
CITIGROUP CAPITAL XVII PFD DIV	PFD   	17311H209	347	14392			sole		14392	0	0
Citigroup Captl VII 7.125%   	PFD   	17306N203	332	13400			sole		13400	0	0
Citigroup Inc.               	COM   	172967101	393	11941			sole		11941	0	0
Clorox Company               	COM   	189054109	4973	73410			sole		73410	0	0
Coca-Cola Company            	COM   	191216100	803	11817			sole		11817	0	0
Colgate-Palmolive Company    	COM   	194162103	301	3298			sole		3298	0	0
ConocoPhillips               	COM   	20825C104	5467	75664			sole		75664	0	0
Consolidated Edison, Inc.    	COM   	209115104	2040	34506			sole		34506	0	0
CROSSWIND RENEWABLE ENERGY COM	COM   	227692100	0	16000			sole		16000	0	0
Deere & Company              	COM   	244199105	1692	19329			sole		19329	0	0
Deutsche Bank 6.625%         	PFD   	25153Y206	1309	55919			sole		55919	0	0
Deutsche Bank 7.35%          	PFD   	25154D102	660	26955			sole		26955	0	0
Diageo Plc                   	COM   	25243Q205	776	8305			sole		8305	0	0
Dominion Res 8.375 Jr Sub Nts	PFD   	25746U604	828	28490			sole		28490	0	0
Dominion Resources, Inc.     	COM   	25746U109	4907	98308			sole		98308	0	0
Dow Chemical Company         	COM   	260543103	272	8015			sole		8015	0	0
Duke Energy Corporation      	COM   	26441C105	437	20332			sole		20332	0	0
Duke Realty 6.625%           	PFD   	264411778	1064	41995			sole		41995	0	0
E.I. du Pont De Nemours and Co	COM   	263534109	4282	83711			sole		83711	0	0
eBay Inc.                    	COM   	278642103	301	9110			sole		9110	0	0
El Paso Pipeline Ptnr Lp     	COM   	283702108	517	14490			sole		14490	0	0
Eli Lilly and Company        	COM   	532457108	290	7371			sole		7371	0	0
EMC Corporation              	COM   	268648102	3889	148429			sole		148429	0	0
Entergy Corporation          	COM   	29364G103	378	5578			sole		5578	0	0
Enterprise Prd Prtnrs LP     	COM   	293792107	1639	32659			sole		32659	0	0
Exelon Corporation           	COM   	30161N101	1942	48755			sole		48755	0	0
Express Scripts, Inc.        	COM   	302182100	849	16929			sole		16929	0	0
Exxon Mobil Corporation      	COM   	30231G102	4744	56617			sole		56617	0	0
Ford Motor Company           	COM   	345370860	163	13100			sole		13100	0	0
GE Capital 6.1%              	PFD   	369622519	825	32345			sole		32345	0	0
General Electric Company     	COM   	369604103	5499	291329			sole		291329	0	0
Genuine Parts Company        	COM   	372460105	3085	47535			sole		47535	0	0
Global Payments Inc          	COM   	37940X102	765	14867			sole		14867	0	0
Goldman Sachs 6.2%           	PFD   	38144x500	1659	66965			sole		66965	0	0
Google Inc. Class A          	COM   	38259P508	270	446			sole		446	0	0
HCP Inc.                     	COM   	421915109	2328	56268			sole		56268	0	0
Hewlett-Packard Company      	COM   	428236103	2949	102766			sole		102766	0	0
HNI Corporation              	COM   	404251100	325	12603			sole		12603	0	0
Honeywell International Inc. 	COM   	438516106	998	16825			sole		16825	0	0
HSBC Hldgs 6.2%              	PFD   	404280604	1130	45615			sole		45615	0	0
Intel Corporation            	COM   	458140100	2467	92426			sole		92426	0	0
International Business Machine	COM   	459200101	6148	31952			sole		31952	0	0
INTL DEV & ENVIRONMENTAL HLGS	COM   	45938K206	0	90000			sole		90000	0	0
iShares Barclays 3-7 Yr Treasu	COM   	464288661	1009	8254			sole		8254	0	0
iShares Barclays TIPS Bond Fun	COM   	464287176	9057	76463			sole		76463	0	0
iShares Cohen & Steers Realty	COM   	464287564	3194	42764			sole		42764	0	0
iShares Dow Jones US Utilities	COM   	464287697	375	4377			sole		4377	0	0
iShares Emerging Mkt Bond Fd 	COM   	464288281	4180	37668			sole		37668	0	0
iShares iBoxx High Yield Corp.	COM   	464288513	2377	26334			sole		26334	0	0
iShares MSCI Japan Index Fund	COM   	464286848	338	35144			sole		35144	0	0
iShares Nasdaq Biotechnology S	COM   	464287556	357	3007			sole		3007	0	0
iShares S^P Global Healthcare	COM   	464287325	286	4965			sole		4965	0	0
Ishares Tr S^P Global        	COM   	464287275	257	4645			sole		4645	0	0
iShares US Preferred Stock Ind	PFD   	464288687	3380	88040			sole		88040	0	0
Johnson & Johnson            	COM   	478160104	4987	77196			sole		77196	0	0
JP Morgan Chase & Co. Pfd 6.7%	PFD   	48125E207	945	36700			sole		36700	0	0
JPMorgan Chase & Co.         	COM   	46625H100	713	18953			sole		18953	0	0
JPMorgan Chase Cap J Tr 7%   	PFD   	46623D200	263	10345			sole		10345	0	0
Kimberly-Clark Corporation   	COM   	494368103	1175	16413			sole		16413	0	0
Kinder Morgan Energy Partners	COM   	494550106	2397	27307			sole		27307	0	0
Lowe's Companies, Inc.       	COM   	548661107	3289	121428			sole		121428	0	0
LYNAS CORP COM               	COM   	Q5683J103	25	17500			sole		17500	0	0
M & T Bank                   	COM   	55261F104	769	9638			sole		9638	0	0
M^T Capital Pfd 8.50%        	PFD   	55292C203	1123	42987			sole		33310	0	0
Magellan Midstream Partners, L	COM   	559080106	1130	16317			sole		16317	0	0
Markel Corp 7.5%             	PFD   	570535203	1462	57995			sole		57995	0	0
Marriott International, Inc. 	COM   	571903202	3831	107241			sole		107241	0	0
Marriott Vacations Worldwide 	COM   	57164Y107	214	9292			sole		9292	0	0
MBNA Capital  8.1%           	PFD   	55270B201	528	21190			sole		21190	0	0
McDonald's Corporation       	COM   	580135101	5574	56032			sole		56032	0	0
Merck & Co., Inc.            	COM   	589331107	304	8023			sole		8023	0	0
Metlife 6.5%                 	PFD   	59156R603	2068	80922			sole		80922	0	0
Micron Technology, Inc.      	COM   	595112103	1652	208948			sole		208948	0	0
Microsoft Corporation        	COM   	594918104	2910	95440			sole		95440	0	0
Midway Gold Corp. F          	COM   	598153104	19	10000			sole		10000	0	0
MLP Index ETN - Alerian/JPM  	COM   	46625H365	2335	57989			sole		57989	0	0
Monsanto Company             	COM   	61166W101	1583	20462			sole		20462	0	0
NextEra Energy 8.75          	PFD   	65339K506	391	13315			sole		13315	0	0
NextEra Energy Inc.          	COM   	65339F101	3069	50838			sole		50838	0	0
NIKE, Inc. Class B           	COM   	654106103	2030	19259			sole		19259	0	0
Novartis AG Sponsored ADR    	COM   	66987V109	1827	32685			sole		32685	0	0
Nstar                        	COM   	671698107	1286	27950			sole		27950	0	0
Nucor Corporation            	COM   	670346105	1658	37275			sole		37275	0	0
Nustar Energy LP             	COM   	67058H102	551	9614			sole		9614	0	0
Oracle Corporation           	COM   	68389X105	867	30413			sole		30413	0	0
Partner Re D 6.5%            	PFD   	G68603409	1196	47329			sole		47329	0	0
Partner Re Ltd Pfd C 6.75%   	PFD   	G6852T204	787	31130			sole		31130	0	0
PartnerRe Ltd.               	COM   	G6852T105	1583	23598			sole		23598	0	0
PepsiCo, Inc.                	COM   	713448108	3715	58092			sole		58092	0	0
Pfizer Inc.                  	COM   	717081103	5234	248667			sole		248667	0	0
Philip Morris Intl Inc       	COM   	718172109	1398	17375			sole		17375	0	0
Plains All American Pipeline,	COM   	726503105	232	2936			sole		2936	0	0
Plum Creek Timber Company, Inc	COM   	729251108	3103	79197			sole		79197	0	0
PNC Financial Services Group 	COM   	693475105	536	8984			sole		8984	0	0
Polymedix Inc                	COM   	73174C100	14	11600			sole		11600	0	0
Praxair, Inc.                	COM   	74005P104	2220	20713			sole		20713	0	0
Procter & Gamble Company     	COM   	742718109	2234	34977			sole		34977	0	0
Prologis Pfd 6.75%           	PFD   	74340W400	1202	48507			sole		48507	0	0
PS Bus Parks 6.45%           	PFD   	69360J719	424	16900			sole		16900	0	0
PS BUSINESS PARKS INC CUM PFD	PFD   	69360J719	403	16100			sole		16100	0	0
Public Storage 6.35%         	PFD   	74460D125	932	35100			sole		25600	0	0
Public Storage 7%            	PFD   	74460D190	261	10200			sole		10200	0	0
Qualcomm, Incorporated       	COM   	747525103	5420	87796			sole		87796	0	0
Regency Center 7.25%         	PFD   	758849400	319	12555			sole		12555	0	0
Roper Industries Inc.        	COM   	776696106	1413	15160			sole		15160	0	0
Select Sector SPDR Trust-Consu	COM   	81369Y308	268	8214			sole		8214	0	0
Select Sector SPDR Trust-Consu	COM   	81369Y407	1314	31058			sole		31058	0	0
Select Sector SPDR Trust-Energ	COM   	81369Y506	575	7879			sole		7879	0	0
Select Sector SPDR Trust-Mater	COM   	81369Y100	1979	53408			sole		53408	0	0
Select Sector SPDR Trust-Techn	COM   	81369y803	678	24192			sole		24192	0	0
Select Sector SPDR Trust-Utili	COM   	81369Y886	702	20182			sole		20182	0	0
Sherwin-Williams Company     	COM   	824348106	226	2297			sole		2297	0	0
Sirius Satellite Radio Inc.  	COM   	82966U103	31	14675			sole		14675	0	0
Solazyme Inc                 	COM   	83415T101	679	59075			sole		59075	0	0
Southern Company             	COM   	842587107	3376	75680			sole		75680	0	0
Starbucks Corporation        	COM   	855244109	215	4394			sole		4394	0	0
StreetTRACKS Gold ETF        	COM   	802176107	466	2790			sole		2790	0	0
Stryker Corporation          	COM   	863667101	474	8858			sole		8858	0	0
T. Rowe Price Group, Inc.    	COM   	74144T108	738	12475			sole		12475	0	0
Target Corporation           	COM   	87612E106	216	4129			sole		4129	0	0
TC Pipelines LP              	COM   	8723Q108	852	18738			sole		18738	0	0
Teva Pharmaceutical Industries	COM   	881624209	2659	60205			sole		60205	0	0
Tiffany & Co.                	COM   	886547108	255	3989			sole		3989	0	0
U.S. Bancorp                 	COM   	902973304	2219	76504			sole		76504	0	0
Unilever Plc ADR             	COM   	904767704	3946	121667			sole		121667	0	0
Union Pacific Corporation    	COM   	907818108	1740	15586			sole		15586	0	0
United Technologies Corporatio	COM   	913017109	3641	43603			sole		43603	0	0
US Cellular 6.95%            	PFD   	911684405	414	15730			sole		15730	0	0
V F Corp                     	COM   	918204108	3537	25079			sole		25079	0	0
Vanguard Emerging Market     	COM   	922042858	1073	24800			sole		24800	0	0
Ventas Inc                   	COM   	92276F100	362	6236			sole		6236	0	0
Verizon Communications Inc.  	COM   	92343V104	5013	133010			sole		133010	0	0
Vodafone Group Plc Sponsored A	COM   	92857W100	201	7330			sole		7330	0	0
Walgreen Co.                 	COM   	931422109	2681	77626			sole		77626	0	0
Wal-Mart Stores, Inc.        	COM   	931142103	1722	27823			sole		27823	0	0
Walt Disney Company          	COM   	254687106	438	10559			sole		10559	0	0
Washington Real Estate Investm	COM   	939653101	1769	58401			sole		58401	0	0
Waste Management, Inc        	COM   	94106L109	3044	86442			sole		86442	0	0
WellPoint, Inc.              	COM   	94973V107	1553	24202			sole		24202	0	0
Wells Fargo & Company        	COM   	949746101	3086	101979			sole		101979	0	0
Xcel Energy  7.6%            	PFD   	98389B886	1338	49567			sole		49567	0	0
Xcel Energy Inc.             	COM   	98389B100	3326	125522			sole		125522	0	0
Xilinx Inc                   	COM   	983919101	854	23499			sole		23499	0	0
YUM! Brands, Inc.            	COM   	988498101	2551	39398			sole		39398	0	0