Needelman Asset Mgmt

Needelman Asset Mgmt as of Sept. 30, 2012

Portfolio Holdings for Needelman Asset Mgmt

Needelman Asset Mgmt holds 0 positions in its portfolio as reported in the September 2012 quarterly 13F filing

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                                                     MKT VAL TOTAL #         PUT/CALLINVSTMT  OTHER
NAME OF ISSUER                     CLASS   CUSIP NO  (x$1000 OF SHARE  SH            DSCRETN MANAGERS

                                                   MKT VALUE   TOTAL #    PUT/CALL INVSTMT    OTHER
NAME OF ISSUER                     CLASS  CUSIP NO  (x$1000)   OF SHARESH          DSCRETN   MANAGERS

AON PLC CLASS A                    COM   G0408V102     693       13,245SH          DEFINED      0
AT^T INC                           COM   00206R102     702       18,617SH          DEFINED      0
ABBOTT LABORATORIES                COM   002824100     817       11,922SH          DEFINED      0
BERKSHIRE HATHAWAY INC CLASS B     COM   084670702     724        8,205SH          DEFINED      0
BRISTOL-MYERS SQUIBB CO            COM   110122108     536       15,880SH          DEFINED      0
CHEVRON CORP NEW                   COM   166764100     723        6,200SH          DEFINED      0
CHUBB CORP                         COM   171232101     767       10,055SH          DEFINED      0
CLIFF NATURAL RESOURCES INC        COM   18683K101     773       19,755SH          DEFINED      0
DTE ENERGY CO                      COM   233331107     592        9,881SH          DEFINED      0
DIAGEO PLC - SPONSORED ADR         COM   25243Q205     928        8,234SH          DEFINED      0
EMERSON ELECTRIC COMPANY           COM   291011104     619       12,830SH          DEFINED      0
ENERGY TRANSFER PARTNERS LP        COM   29273R109     537       12,615SH          DEFINED      0
FLUOR CORP (NEW)                   COM   343412102     612       10,870SH          DEFINED      0
GENERAL ELECTRIC COMPANY           COM   369604103     692       30,458SH          DEFINED      0
HONEYWELL INTERNATIONAL INC        COM   438516106     776       12,980SH          DEFINED      0
INTEL CORPORATION                  COM   458140100     719       31,757SH          DEFINED      0
INTERNATIONAL BUSINESS MACHINE     COM   459200101     655        3,156SH          DEFINED      0
JPMORGAN CHASE & CO                COM   46625H100     745       18,398SH          DEFINED      0
JOHNSON & JOHNSON                  COM   478160104     851       12,345SH          DEFINED      0
KIMBERLY CLARK                     COM   494368103     755        8,798SH          DEFINED      0
KRAFT FOODS INC-A                  COM   50075N104     761       18,415SH          DEFINED      0
MERCK & CO. INC.                   COM   58933Y105     586       12,985SH          DEFINED      0
MICROSOFT CORP                     COM   594918104     539       18,112SH          DEFINED      0
NESTLE SA SPNSRD ADR REP RG SHS    COM   641069406     708       11,221SH          DEFINED      0
PFIZER INC                         COM   717081103     714       28,734SH          DEFINED      0
PROCTER AND GAMBLE COMPANY         COM   742718109     729       10,516SH          DEFINED      0
PUBLIC SVC ENTERPRISE GRP INC      COM   744573106     576       17,885SH          DEFINED      0
QUALCOMM INC                       COM   747525103     720       11,520SH          DEFINED      0
SYSCO CORP                         COM   871829107     495       15,841SH          DEFINED      0
TEVA PHARMACEUTICAL-SPONS ADR      COM   881624209     662       15,975SH          DEFINED      0
UNITEDHEALTH GROUP INC             COM   91324P102     782       14,105SH          DEFINED      0
VERIZON COMMUNICATIONS             COM   92343V104     682       14,969SH          DEFINED      0
VODAFONE GROUP PLC SPONS ADR       COM   92857W209     786       27,580SH          DEFINED      0
WELLPOINT INC                      COM   94973V107     510        8,795SH          DEFINED      0
WELLS FARGO & CO (NEW)             COM   949746101     486       14,071SH          DEFINED      0
YUM! BRANDS INC                    COM   988498101     786       11,855SH          DEFINED      0