Trees Investment Counsel

Trees Investment Counsel as of March 31, 2011

Portfolio Holdings for Trees Investment Counsel

Trees Investment Counsel holds 60 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Schlumberger (SLB) 5.7 $8.1M 86k 93.26
Talisman Energy Inc Com Stk 4.3 $6.1M 248k 24.70
JPMorgan Chase & Co. (JPM) 4.2 $5.9M 128k 46.10
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 3.6 $5.1M 88k 57.55
General Electric Company 3.4 $4.8M 241k 20.05
Exxon Mobil Corporation (XOM) 3.4 $4.8M 57k 84.12
Northern Trust Corporation (NTRS) 3.2 $4.5M 88k 50.75
Rockwell Collins 3.0 $4.3M 66k 64.83
Pepsi (PEP) 2.9 $4.0M 63k 64.42
Wells Fargo & Company (WFC) 2.6 $3.6M 114k 31.71
Qualcomm (QCOM) 2.5 $3.5M 65k 54.83
Vodafone 2.5 $3.5M 122k 28.75
Accenture (ACN) 2.5 $3.5M 63k 54.96
Occidental Petroleum Corporation (OXY) 2.4 $3.4M 33k 104.48
Goldcorp 2.4 $3.4M 69k 49.80
Walgreen Company 2.4 $3.4M 84k 40.14
Omni (OMC) 2.4 $3.4M 68k 49.06
Anglo American 2.4 $3.3M 130k 25.70
Illinois Tool Works (ITW) 2.3 $3.2M 60k 53.72
SPDR S&P Biotech (XBI) 2.2 $3.2M 47k 66.76
Yum! Brands (YUM) 2.2 $3.1M 61k 51.37
Johnson & Johnson (JNJ) 2.2 $3.1M 52k 59.25
iShares MSCI Emerging Markets Indx (EEM) 2.1 $3.1M 63k 48.67
Verizon Communications (VZ) 2.1 $3.0M 77k 38.54
Banco Santander (SAN) 2.0 $2.8M 237k 11.71
Novartis (NVS) 1.9 $2.8M 51k 54.35
MDU Resources (MDU) 1.8 $2.6M 113k 22.97
Visa (V) 1.8 $2.5M 34k 73.62
Ecolab (ECL) 1.7 $2.4M 48k 51.02
Abbott Laboratories (ABT) 1.7 $2.4M 49k 49.05
Bunge 1.6 $2.3M 32k 72.32
Teva Pharmaceutical Industries (TEVA) 1.5 $2.2M 44k 50.17
SYSCO Corporation (SYY) 1.5 $2.2M 79k 27.70
Vanguard Pacific ETF (VPL) 1.5 $2.2M 39k 55.83
Pfizer (PFE) 1.4 $2.0M 100k 20.31
Cemex SAB de CV (CX) 1.4 $2.0M 225k 8.93
Intel Corporation (INTC) 1.4 $1.9M 95k 20.18
Cisco Systems (CSCO) 1.3 $1.8M 106k 17.15
Medtronic 1.2 $1.7M 43k 39.34
Air Products & Chemicals (APD) 0.8 $1.2M 13k 90.15
Microsoft Corporation (MSFT) 0.8 $1.1M 44k 25.40
Centrica (CPYYY) 0.7 $934k 45k 20.87
BP (BP) 0.6 $910k 21k 44.13
Blackstone 0.6 $856k 48k 17.87
Centrica 0.5 $710k 136k 5.21
Progressive Corporation (PGR) 0.4 $539k 26k 21.14
Merck & Co (MRK) 0.4 $541k 16k 32.99
Wal-Mart Stores (WMT) 0.3 $418k 8.0k 52.09
Berkshire Hathaway (BRK.B) 0.3 $414k 5.0k 83.64
Eli Lilly & Co. (LLY) 0.3 $417k 12k 35.18
International Business Machines (IBM) 0.3 $380k 2.3k 162.88
MedAssets 0.3 $381k 25k 15.24
Transocean (RIG) 0.2 $312k 4.0k 78.00
Coca-Cola Company (KO) 0.2 $251k 3.8k 66.38
Transatlantic Holdings 0.2 $243k 5.0k 48.60
Bank of New York Mellon Corporation (BK) 0.2 $227k 7.6k 29.87
At&t (T) 0.2 $227k 7.4k 30.59
United Technologies Corporation 0.2 $220k 2.6k 84.62
iShares MSCI EAFE Index Fund (EFA) 0.1 $218k 3.6k 60.06
Bank of America Corporation (BAC) 0.1 $136k 10k 13.29