Karpas Strategies

Karpas Strategies as of Dec. 31, 2010

Portfolio Holdings for Karpas Strategies

Karpas Strategies holds 105 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Johnson & Johnson (JNJ) 8.1 $11M 178k 61.85
Charles Schwab Corporation (SCHW) 5.1 $7.0M 409k 17.11
Vistaprint 4.7 $6.4M 138k 46.00
Brookfield Asset Management 3.8 $5.2M 156k 33.29
Merck & Co 3.8 $5.2M 143k 36.04
Magellan Midstream Partners 3.4 $4.6M 82k 56.50
Exxon Mobil Corporation (XOM) 3.1 $4.3M 59k 73.12
Enbridge Energy Management 2.7 $3.6M 57k 63.85
Rayonier (RYN) 2.6 $3.5M 67k 52.52
Leucadia National 2.4 $3.3M 113k 29.18
Oneok Partners 2.4 $3.3M 41k 79.49
General Electric Company 2.4 $3.3M 179k 18.29
Wells Fargo & Company (WFC) 2.1 $2.9M 94k 30.99
W. P. Carey & Co 2.1 $2.9M 92k 31.29
First Nat'l Of Nebraska (FINN) 2.0 $2.8M 950.00 2900.00
Berkshire Hathaway (BRK.B) 2.0 $2.7M 34k 80.11
Brookfield Infrastru Prtnrs 1.6 $2.2M 104k 21.05
U.S. Bancorp (USB) 1.6 $2.1M 79k 26.97
Chevrontexaco 1.5 $2.1M 23k 91.27
Pfizer (PFE) 1.4 $1.9M 111k 17.51
Copano Energy 1.4 $1.9M 58k 33.74
ConocoPhillips (COP) 1.4 $1.9M 28k 68.12
MarkWest Energy Partners 1.3 $1.8M 42k 43.31
Liberty Global 1.3 $1.8M 52k 33.88
News Corporation 1.3 $1.7M 118k 14.56
Comcast Corporation 1.2 $1.7M 81k 20.81
HSBC Holdings (HSBC) 1.2 $1.7M 33k 51.03
Texas Instruments Incorporated (TXN) 1.1 $1.6M 48k 32.50
Citi 1.0 $1.4M 299k 4.73
Walt Disney Company (DIS) 1.0 $1.4M 37k 37.50
Royal Dutch Shell 1.0 $1.3M 20k 66.80
Marriott International (MAR) 0.9 $1.3M 30k 41.55
USG Corporation 0.9 $1.2M 73k 16.83
Directv 0.9 $1.2M 30k 39.94
Hess (HES) 0.9 $1.2M 16k 76.54
St. Joe Company (JOE) 0.9 $1.2M 54k 21.85
BP (BP) 0.9 $1.2M 27k 44.19
Nacco Inds Inc. Cl A 0.9 $1.2M 11k 108.36
ICICI Bank (IBN) 0.8 $1.2M 23k 50.66
BHP Billiton (BHP) 0.8 $1.1M 12k 92.92
Liberty Global 0.8 $1.0M 29k 35.36
Coca-Cola Company (KO) 0.7 $1.0M 15k 65.78
Honeywell Intl. 0.7 $957k 18k 53.17
Ace Ltd Com Stk 0.7 $897k 14k 62.23
Montpelier Re Holdings/mrh 0.6 $877k 44k 19.93
Bristol Myers Squibb (BMY) 0.6 $837k 32k 26.49
Microsoft Corporation (MSFT) 0.6 $761k 27k 27.93
Nextera Energy (NEE) 0.5 $737k 14k 51.97
Deere & Company (DE) 0.5 $706k 8.5k 83.06
Kinder Morgan Energy Partners 0.5 $689k 9.8k 70.31
American Express Company (AXP) 0.5 $670k 16k 42.95
Bank Of New York 0.5 $631k 21k 30.22
CVS Caremark Corporation (CVS) 0.5 $613k 18k 34.76
Martin Marietta Materials (MLM) 0.4 $604k 6.6k 92.21
CapitalSource 0.4 $567k 80k 7.10
Philip Morris International (PM) 0.4 $556k 9.5k 58.53
AllianceBernstein Holding (AB) 0.4 $552k 24k 23.34
EastGroup Properties (EGP) 0.4 $561k 13k 42.34
National Australia Bank (NABZY) 0.4 $559k 23k 24.30
Spectra Energy 0.4 $545k 22k 25.00
White Mountains Insurance Gp (WTM) 0.4 $523k 1.6k 335.90
Liberty Media 0.3 $470k 30k 15.77
Tor Dom Bk Cad (TD) 0.3 $462k 6.2k 74.36
Waste Management (WM) 0.3 $431k 12k 36.84
Enstar Group (ESGR) 0.3 $432k 5.1k 84.54
Colgate-Palmolive Company (CL) 0.3 $420k 5.2k 80.38
International Business Machines (IBM) 0.3 $420k 2.9k 146.70
Liberty Media 0.3 $378k 6.0k 62.57
St Paul Travelers Cos 0.3 $370k 6.7k 55.64
ITT Corporation 0.3 $369k 7.1k 52.16
Lockheed Martin 0.3 $368k 5.3k 69.88
Berkshire Hathaway (BRK.A) 0.3 $361k 3.00 120333.33
Suncor Energy Inc Cad 0.2 $345k 9.0k 38.33
Shaw Communications 0.2 $342k 16k 21.38
Chicago Mercantile Hldgs Inc cl a 0.2 $322k 1.0k 322.00
Monsanto Company 0.2 $313k 4.5k 69.56
Wal-Mart Stores (WMT) 0.2 $307k 5.7k 53.86
iShares S&P US Pref Stock Idx Fnd (PFF) 0.2 $310k 8.0k 38.75
Procter & Gamble Company (PG) 0.2 $296k 4.6k 64.35
Comcast Corporation (CMCSA) 0.2 $286k 13k 21.99
McDonald's Corporation (MCD) 0.2 $288k 3.8k 76.80
Cenovus Energy (CVE) 0.2 $283k 8.5k 33.29
Westpac Banking Corporation 0.2 $286k 2.5k 114.40
Longleaf Partners Internationa mut (LLINX) 0.2 $281k 18k 15.34
Duke Energy Corporation 0.2 $278k 16k 17.82
Zimmer Holdings (ZBH) 0.2 $266k 5.0k 53.63
Plum Creek Timber 0.2 $255k 6.8k 37.50
Encana Corp 0.2 $248k 8.5k 29.18
Williams Companies (WMB) 0.2 $237k 9.6k 24.69
T. Rowe Price Growth Stock Fun (PRGFX) 0.2 $228k 7.1k 32.09
JPMorgan Chase & Co. (JPM) 0.2 $223k 5.3k 42.39
Udr (UDR) 0.2 $215k 9.1k 23.51
Putnam Global Healthcare Fund mut (PHSTX) 0.2 $222k 5.0k 44.75
Boeing Company (BA) 0.1 $210k 3.2k 65.26
Ethan Allen Interiors (ETD) 0.1 $209k 11k 19.97
Manulife Finl Corp (MFC) 0.1 $206k 12k 17.17
Nustar Energy 0.1 $210k 3.0k 69.47
Duke Realty Corporation 0.1 $191k 15k 12.48
Nuveen Mult Curr St Gv Incm 0.1 $176k 13k 13.80
Fidelity Asset Manager 50% mut (FASMX) 0.1 $180k 12k 15.39
Forest City Enterprises 0.1 $167k 10k 16.70
Wells Fargo Adv Global Div Opp 0.1 $119k 13k 9.52
Nokia Corp 0.1 $107k 10k 10.36
Vanguard U.s. Value Fund mut 0.1 $111k 11k 10.07
Level 3 Communications 0.0 $10k 11k 0.95