L & S Advisors

L & S Advisors as of Dec. 31, 2011

Portfolio Holdings for L & S Advisors

L & S Advisors holds 75 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Exxon Mobil Corporation (XOM) 7.7 $8.9M 105k 84.76
Blackrock Build America Bond Trust (BBN) 4.9 $5.7M 265k 21.35
DISH Network 4.3 $5.0M 176k 28.48
Apple (AAPL) 4.2 $4.8M 12k 404.97
Occidental Petroleum Corporation (OXY) 3.2 $3.7M 40k 93.71
Seadrill 3.2 $3.6M 110k 33.18
Apache Corporation 3.0 $3.5M 39k 90.57
iShares Dow Jones US Real Estate (IYR) 3.0 $3.5M 61k 56.82
Consolidated Edison (ED) 3.0 $3.5M 56k 62.03
Pioneer Natural Resources 3.0 $3.5M 39k 89.49
Noble Energy 3.0 $3.4M 36k 94.38
Anadarko Petroleum Corporation 3.0 $3.4M 45k 76.33
Udr (UDR) 2.9 $3.4M 135k 25.10
Coca-Cola Company (KO) 2.9 $3.4M 48k 69.98
Pfizer (PFE) 2.9 $3.4M 156k 21.64
Vodafone 2.8 $3.2M 114k 28.03
Altria (MO) 2.6 $3.0M 102k 29.65
Reynolds American 2.6 $3.0M 71k 41.42
Procter & Gamble Company (PG) 2.0 $2.3M 35k 66.71
Pepsi (PEP) 1.9 $2.2M 33k 66.35
Chevron Corporation (CVX) 1.8 $2.1M 20k 106.42
Kimberly-Clark Corporation (KMB) 1.8 $2.1M 29k 73.54
Merck & Co (MRK) 1.8 $2.1M 55k 37.71
Eli Lilly & Co. (LLY) 1.8 $2.1M 49k 41.56
Bristol Myers Squibb (BMY) 1.7 $1.9M 55k 35.23
Colgate-Palmolive Company (CL) 1.6 $1.9M 21k 92.41
CMS Energy Corporation (CMS) 1.3 $1.5M 70k 22.08
PG&E Corporation (PCG) 1.3 $1.5M 37k 41.23
FirstEnergy (FE) 1.3 $1.5M 34k 44.30
Kraft Foods 1.3 $1.5M 40k 37.35
Southern Company (SO) 1.3 $1.5M 32k 46.29
PPL Corporation (PPL) 1.3 $1.5M 50k 29.41
Duke Energy Corporation 1.2 $1.4M 62k 21.99
Targa Res Corp (TRGP) 0.7 $758k 19k 40.70
Curtiss-Wright (CW) 0.6 $717k 20k 35.32
Biotech HOLDRs 0.6 $641k 5.9k 109.29
Energy Select Sector SPDR (XLE) 0.5 $600k 8.7k 69.12
BlackRock Real Asset Trust 0.5 $515k 48k 10.67
Teledyne Technologies Incorporated (TDY) 0.4 $481k 8.8k 54.88
CurrencyShares Canadian Dollar Trust 0.4 $488k 5.0k 97.60
El Paso Corporation 0.4 $462k 17k 26.55
International Business Machines (IBM) 0.4 $451k 2.5k 184.08
Google 0.4 $452k 700.00 645.71
Qualcomm (QCOM) 0.4 $435k 8.0k 54.72
Xcel Energy (XEL) 0.4 $439k 16k 27.61
Golar Lng (GLNG) 0.4 $436k 9.8k 44.49
Portland General Electric Company (POR) 0.4 $426k 17k 25.28
Airgas 0.4 $422k 5.4k 78.15
Ross Stores (ROST) 0.4 $421k 8.9k 47.57
Dollar Tree (DLTR) 0.4 $428k 5.2k 83.11
Black Hills Corporation (BKH) 0.4 $426k 13k 33.54
Pinnacle West Capital Corporation (PNW) 0.4 $426k 8.9k 48.14
Delphi Automotive 0.4 $428k 20k 21.56
Nuance Communications 0.4 $413k 16k 25.18
SanDisk Corporation 0.4 $418k 8.5k 49.18
Put Currency Shres Euro Jan $1 0.4 $420k 100.00 4200.00
Echostar Corporation (SATS) 0.3 $388k 19k 20.92
SPDR S&P Oil & Gas Equipt & Servs. 0.3 $396k 11k 34.62
EOG Resources (EOG) 0.3 $374k 3.8k 98.42
Bce (BCE) 0.3 $360k 8.7k 41.62
Flaherty & Crumrine/Claymore Preferred S (FFC) 0.3 $362k 21k 17.48
ARGO GROUP INTERNATIONAL Holdi Com Stk 0.3 $348k 12k 29.00
Technology SPDR (XLK) 0.3 $344k 14k 25.48
Seaspan Corp Pfd C 9.5% p 0.3 $326k 12k 27.28
Ppl Corporation 8.75% pfd cv 0.3 $318k 5.8k 55.30
CenturyLink 0.2 $281k 7.6k 37.22
Schlumberger (SLB) 0.2 $253k 3.7k 68.38
Great Plains Energy Inc unit 06/15/2042 0.2 $245k 3.7k 66.22
Oneok (OKE) 0.2 $225k 2.6k 86.54
Kinder Morgan (KMI) 0.2 $236k 7.4k 32.11
Norfolk Southern (NSC) 0.2 $215k 3.0k 72.88
Williams Companies (WMB) 0.2 $218k 6.6k 33.03
Dominion Resources Black Warrior Trust (DOMR) 0.1 $156k 20k 7.98
Ford Motor Company (F) 0.1 $110k 10k 10.73
DNP Select Income Fund (DNP) 0.1 $120k 11k 10.91