Noesis Capital Management Corp.

Noesis Capital Management as of June 30, 2011

Portfolio Holdings for Noesis Capital Management

Noesis Capital Management holds 93 positions in its portfolio as reported in the June 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Novartis (NVS) 4.1 $6.9M 112k 61.11
Caterpillar (CAT) 3.2 $5.4M 50k 106.46
American Express Company (AXP) 3.1 $5.1M 99k 51.70
Honda Motor (HMC) 2.9 $4.9M 127k 38.61
JPMorgan Chase & Co. (JPM) 2.7 $4.5M 109k 40.94
Wal-Mart Stores (WMT) 2.7 $4.4M 83k 53.13
United Parcel Service (UPS) 2.6 $4.3M 60k 72.93
East West Ban (EWBC) 2.5 $4.2M 206k 20.21
Nike (NKE) 2.4 $4.0M 45k 89.99
Pepsi (PEP) 2.4 $3.9M 56k 70.43
HSBC Holdings (HSBC) 2.3 $3.9M 78k 49.62
Praxair 2.3 $3.8M 35k 108.39
Stryker Corporation (SYK) 2.3 $3.8M 65k 58.69
C.R. Bard 2.3 $3.8M 34k 109.87
Amdocs Ltd ord (DOX) 2.1 $3.5M 114k 30.39
SPDR S&P International Small Cap (GWX) 2.1 $3.5M 109k 31.76
Walt Disney Company (DIS) 2.0 $3.4M 86k 39.04
Google 1.9 $3.1M 6.2k 506.45
Autodesk (ADSK) 1.8 $3.0M 79k 38.60
Cisco Systems (CSCO) 1.7 $2.8M 181k 15.61
Canadian Natl Ry (CNI) 1.7 $2.8M 35k 79.91
Baxter International (BAX) 1.6 $2.6M 44k 59.69
Johnson & Johnson (JNJ) 1.6 $2.6M 40k 66.52
Ecolab (ECL) 1.6 $2.6M 47k 56.38
iShares MSCI Taiwan Index 1.5 $2.6M 169k 15.18
Fluor Corporation (FLR) 1.5 $2.5M 39k 64.66
Staples 1.4 $2.4M 152k 15.80
Lowe's Companies (LOW) 1.2 $2.1M 89k 23.31
Energy Select Sector SPDR (XLE) 1.2 $2.0M 27k 75.36
Kayne Anderson MLP Investment (KYN) 1.2 $2.0M 65k 30.25
Sally Beauty Holdings (SBH) 1.2 $1.9M 113k 17.10
IPATH MSCI India Index Etn 1.1 $1.8M 26k 70.10
Apple (AAPL) 1.1 $1.8M 5.2k 335.63
SPDR S&P China (GXC) 1.0 $1.7M 22k 78.33
iShares MSCI Japan Index 1.0 $1.7M 162k 10.43
Express Scripts 0.9 $1.5M 29k 53.97
Bruker Corporation (BRKR) 0.9 $1.5M 75k 20.36
iShares iBoxx $ High Yid Corp Bond (HYG) 0.9 $1.5M 16k 91.29
Mettler-Toledo International (MTD) 0.9 $1.5M 8.7k 168.63
SPDR Gold Trust (GLD) 0.9 $1.5M 10k 145.98
Equity Residential (EQR) 0.9 $1.4M 24k 60.01
iShares Russell 2000 Index (IWM) 0.9 $1.4M 17k 82.77
Hsbc Hldgs Plc adr a 1/40pf a 0.9 $1.4M 59k 24.46
Altria (MO) 0.8 $1.4M 54k 26.41
Rent-A-Center (UPBD) 0.8 $1.3M 44k 30.55
Medtronic 0.8 $1.3M 35k 38.54
Suntech Power Holdings 0.8 $1.3M 168k 7.87
Occidental Petroleum Corporation (OXY) 0.8 $1.3M 12k 104.03
Tor Dom Bk Cad (TD) 0.8 $1.3M 15k 84.91
BP Prudhoe Bay Royalty Trust (BPT) 0.8 $1.2M 11k 111.66
Goodrich Corporation 0.7 $1.2M 13k 95.53
iShares S&P US Pref Stock Idx Fnd (PFF) 0.7 $1.2M 31k 39.67
TJX Companies (TJX) 0.7 $1.2M 23k 52.54
priceline.com Incorporated 0.7 $1.2M 2.3k 511.88
Protective Life 0.7 $1.1M 49k 23.14
Magellan Midstream Partners 0.7 $1.1M 19k 59.74
Microchip Technology (MCHP) 0.6 $1.1M 28k 37.91
Flaherty & Crumrine Pref. Income (PFD) 0.6 $1.0M 76k 13.46
Gartner (IT) 0.6 $1.0M 25k 40.31
Portfolio Recovery Associates 0.6 $1.0M 12k 84.77
Bce (BCE) 0.6 $992k 25k 39.27
MICROS Systems 0.6 $952k 19k 49.73
Taitron Components (TAIT) 0.6 $946k 808k 1.17
Freeport-McMoRan Copper & Gold (FCX) 0.6 $935k 18k 52.88
General Dynamics Corporation (GD) 0.6 $917k 12k 74.49
Sirona Dental Systems 0.6 $911k 17k 53.09
E.I. du Pont de Nemours & Company 0.5 $903k 17k 54.07
Alliance Data Systems Corporation (BFH) 0.5 $852k 9.1k 94.04
Emerson Electric (EMR) 0.5 $833k 15k 56.25
Enterprise Products Partners (EPD) 0.5 $806k 19k 43.21
WD-40 Company (WDFC) 0.4 $736k 19k 39.03
General Electric Company 0.4 $709k 38k 18.86
Pfizer (PFE) 0.4 $699k 34k 20.60
Nuveen Multi-Strategy Income & Growth (JPC) 0.4 $687k 78k 8.80
Energy Transfer Partners 0.4 $629k 13k 48.89
Avon Products 0.3 $580k 21k 28.02
Coca-Cola Company (KO) 0.3 $550k 8.2k 67.31
AECOM Technology Corporation (ACM) 0.3 $522k 19k 27.34
BlackRock MuniHolding Insured Investm 0.3 $499k 38k 13.31
At&t (T) 0.3 $437k 14k 31.43
Merck & Co (MRK) 0.2 $393k 11k 35.28
DNP Select Income Fund (DNP) 0.2 $403k 40k 10.00
Procter & Gamble Company (PG) 0.2 $373k 5.9k 63.52
Spdr S&p 500 Etf (SPY) 0.2 $353k 2.7k 132.11
Exxon Mobil Corporation (XOM) 0.2 $327k 4.0k 81.51
RF Micro Devices 0.2 $313k 51k 6.12
Suburban Propane Partners (SPH) 0.2 $261k 5.0k 52.20
Oracle Corporation (ORCL) 0.1 $248k 7.5k 32.87
Berkshire Hathaway (BRK.B) 0.1 $237k 3.1k 77.50
Berkshire Hathaway (BRK.A) 0.1 $232k 2.00 116000.00
International Business Machines (IBM) 0.1 $235k 1.4k 171.91
Provident Energy 0.1 $235k 26k 8.93
John Bean Technologies Corporation (JBT) 0.1 $204k 11k 19.33