Marshwinds Advisory

Marshwinds Advisory Company as of June 30, 2012

Portfolio Holdings for Marshwinds Advisory Company

Marshwinds Advisory Company holds 0 positions in its portfolio as reported in the June 2012 quarterly 13F filing

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                                                                  FORM 13F INFORMATION TABLE
                                                           VALUE   SHARES/  SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
        NAME OF ISSUER          TITLE OF CLASS    CUSIP   (x$1000) PRN AMT  PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3M Company (.94)               COM              88579Y101     2313    25812 SH       SOLE                                      25812
A T & T Corp (.62)             COM              001957505     5408   151649 SH       SOLE                                     151649
AFLAC Inc.                     COM              001055102      251     5900 SH       SOLE                                       5900
AGL Resources                  COM              654086107      914    23598 SH       SOLE                                      23598
Abbott Labs (.95)              COM              002824100     1549    24022 SH       SOLE                                      24022
Alcatel Lucent  (1.24)         COM                              19    11427 SH       SOLE                                      11427
Allergan, Inc. (1.57)          COM              018490102      296     3200 SH       SOLE                                       3200
Ameren Corp (.56)              COM              023608102      579    17275 SH       SOLE                                      17275
American Express Co. (1.32)    COM              025816109     1038    17825 SH       SOLE                                      17825
Amgen (.81)                    COM              031162100     2891    39652 SH       SOLE                                      39652
Analog Devices                 COM                            1074    28499 SH       SOLE                                      28499
Apple Computer                 COM              037833100      561      961 SH       SOLE                                        961
Applied Materials, Inc         COM                             703    61381 SH       SOLE                                      61381
Archer Daniel Midland (.64)    COM              039483102      451    15288 SH       SOLE                                      15288
Autodesk Inc (.78)             COM              052769106     1020    29155 SH       SOLE                                      29155
Automatic Data Processing (1.1 COM              053015103     1151    20676 SH       SOLE                                      20676
BB^T Corporation               COM              054937107      447    14480 SH       SOLE                                      14480
Bankamerica Corp               COM              060505104      471    57598 SH       SOLE                                      57598
Bemis Corp (1.25)              COM              081437105     1110    35405 SH       SOLE                                      35405
Bristol Myers Squibb (1.02)    COM              110122108     1878    52250 SH       SOLE                                      52250
CBS, Inc. (.87)                COM              023794098     1884    57460 SH       SOLE                                      57460
CSX                            COM              126408103      487    21796 SH       SOLE                                      21796
Cardinal Health Systems, Inc.  COM              14149Y108      690    16427 SH       SOLE                                      16427
Caterpillar, Inc.              COM              149123101      659     7756 SH       SOLE                                       7756
Centurylink, Inc.              COM                             621    15717 SH       SOLE                                      15717
Chevron Texaco (.53)           COM              166764100     2364    22409 SH       SOLE                                      22409
Cisco Systems (1.25)           COM              17275R102     1094    63728 SH       SOLE                                      63728
Coca Cola Company (1)          COM              191216100     6351    81227 SH       SOLE                                      81227
CoffeeCo                       COM                             262    24555 SH       SOLE                                      24555
Comerica Inc (1.147)           COM              200340107      540    17592 SH       SOLE                                      17592
Con Edison, Inc. (.67)         COM              209115104     2646    42548 SH       SOLE                                      42548
ConAgra                        COM              205887102      363    13998 SH       SOLE                                      13998
ConnocoPhillips Energy (.70)   COM              20825c104     3236    57902 SH       SOLE                                      57902
DTE Enterprise (.58)           COM              233331107     1203    20283 SH       SOLE                                      20283
Deere & Co (1)                 COM              244199105      809    10000 SH       SOLE                                      10000
Dell Computer Corp (.93)       COM              247025109     1234    98627 SH       SOLE                                      98627
DuPont de Nemours, Inc. (1.15) COM              263534109     3812    75386 SH       SOLE                                      75386
Duke Energy (.48)              COM              26441c105      730    31667 SH       SOLE                                      31667
Eaton Corp                     COM                            1048    26450 SH       SOLE                                      26450
Eli Lilly                      COM              532457108     1872    43635 SH       SOLE                                      43635
Emerson Electric (.76)         COM              291011104      700    15024 SH       SOLE                                      15024
Exxon Mobil (.66)              COM              30231G102     2811    32846 SH       SOLE                                      32846
Facebook, Inc                  COM                             669    21500 SH       SOLE                                      21500
Fidelity National Info Service COM              31620M106      203     5968 SH       SOLE                                       5968
Fidelity Natl Financial Corp   COM              316326107      542    28141 SH       SOLE                                      28141
Frontier Communication         COM              35906a108      261    68020 SH       SOLE                                      68020
Gannett Co  (.90)              COM              364730101      155    10535 SH       SOLE                                      10535
General Dynamics Corp          COM              369550108     1042    15800 SH       SOLE                                      15800
General Electric (1)           COM              369604103     4256   204226 SH       SOLE                                     204226
General Mills                  COM              370334104      231     5986 SH       SOLE                                       5986
Global Access Corp New         COM                               6    11948 SH       SOLE                                      11948
Google, Inc. Cl A              COM              38259p508      234      403 SH       SOLE                                        403
Great Plains Energy Inc (.77)  COM              391164100     1122    52425 SH       SOLE                                      52425
H. J. Heinz (.82)              COM              423074103      250     4600 SH       SOLE                                       4600
Hershey, Inc. (.65)            COM              427866108     1284    17825 SH       SOLE                                      17825
Home Depot (1.28)              COM              437076102     2015    38025 SH       SOLE                                      38025
Honeywell, Inc. (1.3)          COM              438516106      781    13983 SH       SOLE                                      13983
Hubbell Inc. Cl B (.63)        COM                             346     4433 SH       SOLE                                       4433
Huntington Ingalls Industries  COM              421939307      491    12193 SH       SOLE                                      12193
Ingersoll-Rand (1.26)          COM              G4776G101     1145    27150 SH       SOLE                                      27150
Integry Energy Group, Inc (.92 COM                             895    15740 SH       SOLE                                      15740
Intel (1.23)                   COM              458140100     3168   118890 SH       SOLE                                     118890
Intl Bus Mach                  COM              459200101     1409     7206 SH       SOLE                                       7206
Intl Flavors and Fragrences (. COM              459506101      699    12750 SH       SOLE                                      12750
Intl Paper Co (.68)            COM              460146103      236     8176 SH       SOLE                                       8176
Intuit (1.22)                  COM              461202103     1855    31253 SH       SOLE                                      31253
John & John                    COM              478160104     1547    22894 SH       SOLE                                      22894
Johnson Control Inc. (.92)     COM              478366107      413    14900 SH       SOLE                                      14900
Key Corp (.88)                 COM              493267108      229    29525 SH       SOLE                                      29525
Kimberly Clark                 COM              494368103      604     7205 SH       SOLE                                       7205
Kraft Foods, Inc. Class A (1)  COM              50075N104     5202   134701 SH       SOLE                                     134701
LRAD Corp                      COM                              21    17900 SH       SOLE                                      17900
Laclede Group Inc. New (.66)   COM              505597104      358     9000 SH       SOLE                                       9000
Lee Enterprises (.71)          COM              523768109       55    34030 SH       SOLE                                      34030
Masco Corp (.91)               COM              574599106      463    33380 SH       SOLE                                      33380
McClatchy Newspapers, Inc. (.8 COM              579489105       28    12882 SH       SOLE                                      12882
Medtronic Inc                  COM              585055106      881    22748 SH       SOLE                                      22748
Merck Drug Company (.99)       COM              589331107     3185    76280 SH       SOLE                                      76280
Microsoft (1.19)               COM              594918104     3148   102904 SH       SOLE                                     102904
Nestle SA - Spons Adr For Reg  COM                             282     4725 SH       SOLE                                       4725
Newell Rubbermaid,Inc. (.87)   COM              651229106      750    41325 SH       SOLE                                      41325
Norfolk & Southern             COM              655844108      334     4650 SH       SOLE                                       4650
Northrop Grunman Corp          COM              666807102     1100    17238 SH       SOLE                                      17238
Oklahoma Gas & Electric        COM              670837103      324     6250 SH       SOLE                                       6250
Oracle Corp (1.34)             COM              68389x105     4470   150497 SH       SOLE                                     150497
PNC Finl Services Gp Inc.      COM              693475105      250     4087 SH       SOLE                                       4087
PPG Industries (.90)           COM              693506107     1698    16005 SH       SOLE                                      16005
Park Electrochemical Corp (.86 COM                            1046    40413 SH       SOLE                                      40413
Paychex                        COM              704326107      862    27431 SH       SOLE                                      27431
Pentair Inc                    COM                            1723    45000 SH       SOLE                                      45000
Pepco Holdings (.48)           COM              737679100      227    11578 SH       SOLE                                      11578
Pepsico (.75)                  COM              713448108     1467    20758 SH       SOLE                                      20758
Pfizer, Inc. (1.04)            COM              717081103     3465   150640 SH       SOLE                                     150640
Phillip Morris International   COM                             840     9629 SH       SOLE                                       9629
Phillips 66 Corp               COM              743627101      953    28681 SH       SOLE                                      28681
Proctor & Gamble (.59)         COM              742718109     1947    31785 SH       SOLE                                      31785
Progress Energy Inc (.49)      COM              743263105     2149    35716 SH       SOLE                                      35716
Protective Life Corp. (.89)    COM              743674103      345    11719 SH       SOLE                                      11719
Quest Dianostics (1.0)         COM              74834L100      590     9850 SH       SOLE                                       9850
R. R. Donnelley (.77)          COM              257867101      712    60485 SH       SOLE                                      60485
Raytheon Corp (1.0)            COM              755111507     1546    27320 SH       SOLE                                      27320
Regions Financial              COM              7591EP100      255    37749 SH       SOLE                                      37749
SCANA (.63)                    COM              80589M102      253     5282 SH       SOLE                                       5282
Savannah BanCorp               COM              804748101       66    13559 SH       SOLE                                      13559
Sherwin Williams Co. Ohio (.91 COM              824348106      516     3900 SH       SOLE                                       3900
Snap On Tools (.82)            COM              833034101      472     7584 SH       SOLE                                       7584
Southern Company Inc. (.58)    COM              842587107      791    17085 SH       SOLE                                      17085
St. Jude Medical (1.08)        COM              790849103     2046    51273 SH       SOLE                                      51273
Stanley Black & Decker (1.05)  COM              854616109      727    11300 SH       SOLE                                      11300
Stryker Corp                   COM              863667101      888    16125 SH       SOLE                                      16125
Synovus Financial Corp.        COM              87161C105      167    84507 SH       SOLE                                      84507
Teleflex Inc                   COM              879369106      201     3300 SH       SOLE                                       3300
Tenet Healthcare Corp (.58)    COM              88033G100      179    34075 SH       SOLE                                      34075
Total Systems (.97)            COM              891906109     4797   200454 SH       SOLE                                     200454
U. S. Bancorp                  COM              902973304      434    13482 SH       SOLE                                      13482
UIL Holding Corp. (1.07)       COM              902748102      938    26148 SH       SOLE                                      26148
United Technology              COM              913017109      490     6487 SH       SOLE                                       6487
Universal Corp/VA (.88) (R2)   COM                             442     9550 SH       SOLE                                       9550
VF Corp (.90)                  COM              918204108      932     6983 SH       SOLE                                       6983
Valspar                        COM                             735    14003 SH       SOLE                                      14003
Verizon Communication (.70)    COM              92343V104     2655    59750 SH       SOLE                                      59750
Wal-Mart Stores (1.03)         COM              931142103      516     7396 SH       SOLE                                       7396
Walt Disney (.92)              COM              254687106     1158    23885 SH       SOLE                                      23885
Weyerhaeuser Co.               COM              962166104     1016    45453 SH       SOLE                                      45453
Mutual Shares - Z                                              322 15134.525SH       SOLE                                  15134.525