TrueNorth

TrueNorth as of Dec. 31, 2012

Portfolio Holdings for TrueNorth

TrueNorth holds 176 positions in its portfolio as reported in the December 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares IBoxx $ Invest Grade Corp Bd (LQD) 8.4 $18M 144k 120.99
iShares S&P US Pref Stock Idx Fnd (PFF) 5.5 $11M 288k 39.62
iShares iBoxx $ High Yid Corp Bond (HYG) 2.7 $5.5M 59k 93.35
Bk Of America Corp 2.5 $5.2M 447k 11.61
Alerian Mlp Etf 2.4 $5.0M 311k 15.95
Exxon Mobil Corporation (XOM) 2.0 $4.1M 47k 86.56
Vanguard Total Stock Market ETF (VTI) 1.8 $3.7M 50k 73.29
iShares Russell 3000 Index (IWV) 1.8 $3.6M 43k 84.67
PowerShares High Yld. Dividend Achv 1.5 $3.2M 336k 9.41
iShares MSCI Mexico Inv. Mt. Idx. (EWW) 1.5 $3.1M 44k 70.52
iShares Dow Jones Select Dividend (DVY) 1.4 $2.9M 50k 57.23
Jp Morgan Alerian Mlp Index (AMJ) 1.4 $2.8M 74k 38.46
PowerShares Fin. Preferred Port. 1.4 $2.8M 153k 18.28
iShares FTSE NAREIT Mort. Plus Capp 1.3 $2.7M 199k 13.67
Schwab Strategic Tr cmn (SCHV) 1.3 $2.7M 85k 31.83
iShares S&P SmallCap 600 Index (IJR) 1.2 $2.6M 33k 78.09
Vanguard Health Care ETF (VHT) 1.2 $2.5M 36k 71.67
Vanguard REIT ETF (VNQ) 1.2 $2.5M 38k 65.81
Apple Computer 1.2 $2.5M 4.7k 532.21
At&t (T) 1.2 $2.4M 73k 33.71
Vanguard Total Bond Market ETF (BND) 1.2 $2.4M 29k 84.03
First Trust DJ Internet Index Fund (FDN) 1.1 $2.3M 59k 38.97
Rayonier (RYN) 1.1 $2.3M 44k 51.82
First Trust Materials AlphaDEX Fnd (FXZ) 1.1 $2.2M 84k 25.81
Royal Dutch Shell 1.0 $2.1M 31k 68.94
International Business Machines (IBM) 1.0 $2.0M 11k 191.53
iShares MSCI Pacific ex-Japan Idx (EPP) 0.9 $1.9M 40k 47.14
Eaton Vance Limited Duration Income Fund (EVV) 0.9 $1.9M 114k 16.66
iShares FTSE/Xinhua China 25 Index (FXI) 0.8 $1.7M 42k 40.45
Qualcomm (QCOM) 0.8 $1.6M 26k 61.85
Financial Select Sector SPDR (XLF) 0.8 $1.6M 98k 16.39
Vanguard FTSE All-World ex-US ETF (VEU) 0.8 $1.6M 35k 45.75
Windstream Corporation 0.8 $1.5M 187k 8.28
Google 0.7 $1.5M 2.1k 707.20
SPDR S&P Biotech (XBI) 0.7 $1.5M 17k 87.88
Vodafone 0.7 $1.4M 57k 25.20
Cliffs Natural Resources 0.7 $1.5M 38k 38.57
iShares MSCI Thailand Index Fund (THD) 0.7 $1.5M 18k 82.51
ConocoPhillips (COP) 0.7 $1.4M 24k 57.99
Verizon Communications (VZ) 0.7 $1.4M 32k 43.26
CenturyLink 0.7 $1.4M 35k 39.11
Celgene Corporation 0.7 $1.4M 18k 78.47
Annaly C 0.7 $1.4M 99k 14.04
Chubb Corporation 0.6 $1.3M 18k 75.33
Plum Creek Timber 0.6 $1.3M 30k 44.36
MasterCard Incorporated (MA) 0.6 $1.3M 2.7k 491.20
Continental Resources 0.6 $1.2M 17k 73.50
Biogen Idec (BIIB) 0.6 $1.2M 8.4k 146.38
JPMorgan Chase & Co. (JPM) 0.6 $1.2M 27k 43.97
Travelers Companies (TRV) 0.6 $1.2M 17k 71.82
Schwab U S Large Cap Growth ETF (SCHG) 0.6 $1.2M 34k 34.15
Deere & Company (DE) 0.6 $1.2M 13k 86.39
Abbott Laboratories 0.5 $1.1M 17k 65.49
Invesco Van Kampen Senior Income Trust (VVR) 0.5 $1.1M 206k 5.18
Microsoft Corporation (MSFT) 0.5 $1.0M 38k 26.71
Nextera Energy (NEE) 0.5 $1.0M 15k 69.22
United Technologies Corporation 0.5 $988k 12k 82.04
Vanguard Intermediate-Term Bond ETF (BIV) 0.5 $985k 11k 88.22
TJX Companies (TJX) 0.5 $970k 23k 42.43
Rogers Communications -cl B (RCI) 0.5 $964k 21k 45.54
McDonald's Corporation (MCD) 0.5 $960k 11k 88.24
V.F. Corporation (VFC) 0.5 $921k 6.1k 150.98
CF Industries Holdings (CF) 0.5 $933k 4.6k 203.27
iShares Lehman MBS Bond Fund (MBB) 0.5 $937k 8.7k 107.95
1/100 Berkshire Htwy Cl A 0.5 $938k 700.00 1340.00
Royal Gold (RGLD) 0.4 $907k 11k 81.35
ING Prime Rate Trust 0.4 $919k 148k 6.21
Lennar Corporation (LEN) 0.4 $893k 23k 38.67
Wynn Resorts (WYNN) 0.4 $899k 8.0k 112.45
Invesco Van Kampen Dyn Cr Opp Fund 0.4 $882k 71k 12.48
Honeywell International (HON) 0.4 $876k 14k 63.50
Target Corporation (TGT) 0.4 $861k 15k 59.20
Baxter Intl Inc Com Stk 0.4 $876k 13k 66.67
Vanguard Emerging Markets ETF (VWO) 0.4 $859k 19k 44.51
Powershares Senior Loan Portfo mf 0.4 $876k 35k 24.99
Computer Sciences Corporation 0.4 $838k 21k 40.04
Pepsi (PEP) 0.4 $819k 12k 68.44
Procter & Gamble Company (PG) 0.4 $834k 12k 67.87
Seaboard Corporation (SEB) 0.4 $837k 331.00 2528.70
D Automatic Data Proce Ssing Inc Common Stock 0 0.4 $821k 14k 56.90
Home Depot (HD) 0.4 $814k 13k 61.85
Chevron Corporation (CVX) 0.4 $800k 7.4k 108.12
Cummins (CMI) 0.4 $793k 7.3k 108.33
Bp Plc-spons 0.4 $784k 19k 41.65
Cognizant Technology Solutions (CTSH) 0.4 $756k 10k 73.86
Novartis (NVS) 0.4 $762k 12k 63.32
Valmont Industries (VMI) 0.4 $759k 5.6k 136.51
Cambrex Corporation 0.4 $759k 67k 11.38
Agco Corp Com Usd0.01 0.4 $766k 16k 49.15
Pfizer (PFE) 0.4 $735k 29k 25.06
Southern Copper Corporation (SCCO) 0.4 $742k 20k 37.87
iShares Cohen & Steers Realty Maj. (ICF) 0.4 $747k 9.5k 78.57
BECTON DICKINSON & CO Com Stk 0.3 $726k 9.3k 78.23
Fiduciary/Claymore MLP Opportunity Fund 0.3 $702k 32k 21.77
United Parcel Service (UPS) 0.3 $686k 9.3k 73.68
KLA-Tencor Corporation (KLAC) 0.3 $692k 15k 47.74
Monsanto Company 0.3 $665k 7.0k 94.59
Gold Fields (GFI) 0.3 $662k 53k 12.49
Eastman Chemical Company (EMN) 0.3 $671k 9.9k 68.09
NewMarket Corporation (NEU) 0.3 $665k 2.5k 262.33
Federated Investors (FHI) 0.3 $632k 31k 20.23
Olin Corporation (OLN) 0.3 $649k 30k 21.58
Berkshire Hath-cl B 0.3 $634k 7.1k 89.65
Hollyfrontier Corp 0.3 $637k 14k 46.52
Starbucks Corporation (SBUX) 0.3 $621k 12k 53.63
Kansas City Southern 0.3 $622k 7.5k 83.49
Silver Wheaton Corp 0.3 $614k 17k 36.08
Wells Fargo & Company (WFC) 0.3 $592k 17k 34.16
Tortoise Energy Infrastructure 0.3 $585k 15k 37.89
Northstar Realty Finance 0.3 $553k 79k 7.04
Nuveen Floating Rate Income Fund (JFR) 0.3 $555k 46k 12.19
Regeneron Pharmaceuticals (REGN) 0.3 $540k 3.2k 170.99
eBay (EBAY) 0.2 $515k 10k 50.99
Perrigo Company 0.2 $507k 4.9k 104.00
Market Vectors Junior Gold Miners ETF 0.2 $516k 26k 19.81
Wstrn Ast Clymr Infltn Lkd Opts & Inc (WIW) 0.2 $512k 39k 13.21
Phillips 66 (PSX) 0.2 $501k 9.4k 53.12
Fastenal Company (FAST) 0.2 $473k 10k 46.60
Peabody Energy Corporation 0.2 $465k 18k 26.60
Hatteras Financial 0.2 $457k 18k 24.80
American Capital Agency 0.2 $449k 16k 28.89
Gladstone Commercial Corporation (GOOD) 0.2 $438k 24k 17.95
CVR Energy (CVI) 0.2 $435k 8.9k 48.77
Inergy 0.2 $430k 24k 18.20
Valeant Pharmaceuticals Int 0.2 $434k 7.3k 59.78
Putnam Premier Income Trust (PPT) 0.2 $433k 79k 5.46
Safeway 0.2 $406k 22k 18.09
Church & Dwight (CHD) 0.2 $419k 7.8k 53.61
Fresh Market 0.2 $394k 8.2k 48.07
AMERICAN TOWER CORPORATION Cmn Class A 0.2 $396k 5.1k 77.34
Boardwalk Pipeline 0.2 $395k 16k 24.89
Cerner Corporation 0.2 $374k 4.8k 77.43
Borgwarner 0.2 $368k 5.1k 71.60
General Electric Company 0.2 $351k 17k 20.99
Bristol Myers Squibb (BMY) 0.2 $327k 10k 32.61
Intel Corporation (INTC) 0.2 $330k 16k 20.62
Oge Energy Corp (OGE) 0.2 $338k 6.0k 56.33
Oneok Partners 0.2 $326k 6.0k 53.97
Panera Bread Company 0.2 $331k 2.1k 159.06
SandRidge Energy 0.1 $318k 50k 6.36
Dcp Midstream Partners 0.1 $306k 7.3k 41.80
El Paso Pipeline Partners 0.1 $319k 8.6k 36.92
Plains All American Pipeline (PAA) 0.1 $309k 6.8k 45.31
Regency Energy Partners 0.1 $307k 14k 21.68
Holly Energy Partners 0.1 $308k 4.7k 65.88
Calamos Convertible & Hi Income Fund (CHY) 0.1 $318k 26k 12.13
BlackRock Ltd. Duration Income Trust (BLW) 0.1 $314k 17k 18.17
Enbridge Energy Partners 0.1 $292k 11k 27.94
Pimco Municipal Income Fund (PMF) 0.1 $298k 19k 15.68
CSX Corporation (CSX) 0.1 $266k 14k 19.73
Buckeye Partners 0.1 $277k 6.1k 45.34
Crosstex Energy 0.1 $269k 19k 14.54
Genesis Energy (GEL) 0.1 $262k 7.3k 35.69
Energy Transfer Partners 0.1 $272k 6.3k 42.94
Schlumberger (SLB) 0.1 $258k 3.7k 69.17
Sunoco Logistics Partners 0.1 $248k 5.0k 49.80
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.1 $252k 2.4k 105.66
Johnson & Johnson (JNJ) 0.1 $220k 3.1k 70.13
Boeing 0.1 $231k 3.1k 75.49
Consumer Staples Select Sect. SPDR (XLP) 0.1 $233k 6.7k 34.88
Atlas Pipeline Partners Lp unit l p int 0 0.1 $218k 6.9k 31.64
Via 0.1 $207k 3.9k 52.74
FirstEnergy (FE) 0.1 $209k 5.0k 41.80
3M Company (MMM) 0.1 $201k 2.2k 93.06
Union Pacific Corporation (UNP) 0.1 $209k 1.7k 125.90
Kinder Morgan Management 0.1 $215k 2.9k 75.41
American Express 0.1 $213k 3.7k 57.41
Kinder Morgan Energy Partners 0.1 $211k 2.6k 79.77
First Trust/Four Corners SFRI Fund II (FCT) 0.1 $182k 12k 15.21
Pimco Income Strategy Fund II (PFN) 0.1 $172k 16k 11.04
Wells Fargo Adv Multi-Sector Inco Fund (ERC) 0.1 $171k 11k 16.19
Frontier Communications 0.1 $143k 33k 4.28
Eaton Vance Senior Income Trust (EVF) 0.1 $137k 18k 7.56
Eagle Rock Energy Partners,L.P 0.1 $110k 13k 8.66
Portugal Telecom, SGPS 0.1 $110k 22k 5.00
Chimera Investment Corporation 0.0 $70k 27k 2.63