STRATTON MANAGEMENT CO

13F filer, CIK 763910, KING OF PRUSSIA, PA

STRATTON MANAGEMENT CO reported $2,215,887,000 across 327 holdings for the quarter ended 2014-09-30, in a 13F-HR filed 2014-11-12. Its ten largest share positions make up 15.38% of the portfolio.

Filed 2014-11-12 (acceptance time not in the bulk data set), ingested 2026-10-07 19:26:03 UTC13F-HR 0000763910-14-000006

Period: 2014-09-30
Reported value: $2.22B
Holdings: 327
Top 10 weight: 15.38%
New: 11
Sold out: 29

Largest buys vs the previous quarter

Security	Shares change	Approx. value
ICONIX BRAND GROUP INCnew	+445,000	$16.4M
CALLON PETE CO DELnew	+1,500,000	$13.2M
WORadded	+179,279	$6.67M
WYnew	+172,310	$5.49M
GLIMCHER RLTY TRadded	+400,000	$5.42M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
UNS ENERGY CORPexited	-226,350	-$13.7M
UPSreduced	-71,081	-$6.99M
URIreduced	-50,901	-$5.66M
CATreduced	-49,113	-$4.86M
VFCreduced	-72,331	-$4.78M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2014

Share positions as resolved from 13F-HR 0000763910-14-000006, largest first. % of portfolio is the value over $2,215,887,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
URIUNITED RENTALS INC	432,881	$48.1M	2.17%	-50,901	Timeline
PAREXEL INTL CORPPAREXEL INTL CORP	622,850	$39.3M	1.77%	-2,630
TRNTRINITY INDS INC	805,300	$37.6M	1.7%	-1,930	Timeline
ENSENERSYS	540,150	$31.7M	1.43%	-2,275	Timeline
WSTWEST PHARMACEUTICAL SVSC INC	700,100	$31.3M	1.41%	-2,800	Timeline
POLYONE CORPPOLYONE CORP	871,000	$31M	1.4%	-3,940
AMGAFFILIATED MANAGERS GROUP	154,050	$30.9M	1.39%	-4,438	Timeline
MTZMASTEC INC	1,000,350	$30.6M	1.38%	-4,380	Timeline
NTCTNETSCOUT SYS INC	667,150	$30.6M	1.38%	-2,570	Timeline
JARDEN CORPJARDEN CORP	495,000	$29.8M	1.34%	-2,327
BDCBELDEN INC	464,600	$29.7M	1.34%	-2,100	Timeline
MOG-AMOOG INC	418,725	$28.6M	1.29%	-5,275	Timeline
SVB FINANCIAL GROUPSVB FINANCIAL GROUP	255,100	$28.6M	1.29%	-1,050
PTCPTC INC	730,350	$26.9M	1.22%	-3,155	Timeline
CASYCASEYS GEN STORES INC	371,400	$26.6M	1.2%	-1,400	Timeline
SBNYSIGNATURE BANK	235,000	$26.3M	1.19%	-1,050	Timeline
BONANZA CREEK ENERGY INCBONANZA CREEK ENERGY INC	454,150	$25.8M	1.17%	-2,850
ANIXTER INTL INCANIXTER INTL INC	290,500	$24.6M	1.11%	-1,225
GLIMCHER RLTY TRGLIMCHER RLTY TR	1,785,000	$24.2M	1.09%	+400,000
CARRIZO OIL & GAS INCCARRIZO OIL & GAS INC	447,350	$24.1M	1.09%	-1,910
RF MICRODEVICES INCRF MICRODEVICES INC	2,082,000	$24M	1.08%	-9,110
CRANE COCRANE CO	376,500	$23.8M	1.07%	-1,575
EATBRINKER INTL INC	446,700	$22.7M	1.02%	-1,855	Timeline
SLGNSILGAN HLDGS INC	471,600	$22.2M	1%	-1,925	Timeline
SL GREEN REALTY CORPSL GREEN REALTY CORP	217,000	$22M	0.99%	-4,875
GNRCGENERAC HLDGS INC	537,000	$21.8M	0.98%	-1,940	Timeline
CABELAS INCCABELAS INC	365,489	$21.5M	0.97%	+797
HIWHIGHWOODS PPTYS INC	551,064	$21.4M	0.97%	-1,750	Timeline
CHICAGO BRIDGE & IRON CO NVCHICAGO BRIDGE & IRON CO NV	364,050	$21.1M	0.95%	-58,688
MPTMEDICAL PROPERTIES TRUST INC	1,669,250	$20.5M	0.92%	-5,430	Timeline
ANN INCANN INC	480,448	$19.8M	0.89%	-1,750
RHPRYMAN HOSPITALITY PPTYS INC	414,000	$19.6M	0.88%	+31,960	Timeline
KODIAK OIL & GAS CORPKODIAK OIL & GAS CORP	1,377,550	$18.7M	0.84%	-4,640
OSKOSHKOSH CORP	409,700	$18.1M	0.82%	-1,750	Timeline
SWXSOUTHWEST GAS HLDGS INC	367,160	$17.8M	0.8%	-1,225	Timeline
WBSWEBSTER FINL CORP	605,900	$17.7M	0.8%	+118,045	Timeline
WORWORTHINGTON ENTERPRISES INC	467,000	$17.4M	0.78%	+179,279	Timeline
CARDTRONICS INCCARDTRONICS INC	479,975	$16.9M	0.76%	-2,030
WTFCWINTRUST FINL CORP	374,000	$16.7M	0.75%	-1,525	Timeline
ICONIX BRAND GROUP INCICONIX BRAND GROUP INC	445,000	$16.4M	0.74%	new
EL PASO ELECTRIC COEL PASO ELECTRIC CO	448,931	$16.4M	0.74%	-1,750
IBERIABANK CORPIBERIABANK CORP	260,950	$16.3M	0.74%	-1,105
AVAAVISTA CORP	530,986	$16.2M	0.73%	-2,100	Timeline
CTRACOTERRA ENERGY INC	492,800	$16.1M	0.73%	-2,470	Timeline
CACICACI INTL INC	224,300	$16M	0.72%	-900	Timeline
ACTUANT CORPACTUANT CORP	514,650	$15.7M	0.71%	-44,375
ONON SEMICONDUCTOR CORP	1,751,550	$15.7M	0.71%	-7,005	Timeline
GBCIGLACIER BANCORP INC NEW	599,100	$15.5M	0.7%	+137,250	Timeline
UMPQUA HOLDINGSUMPQUA HOLDINGS	940,591	$15.5M	0.7%	+94,345
UBSIUNITED BANKSHARES INC WEST V	500,450	$15.5M	0.7%	+76,925	Timeline
CBUCOMMUNITY FINANCIAL SYSTEM I	457,050	$15.4M	0.69%	-1,885	Timeline
SOLERA HOLDINGS INCSOLERA HOLDINGS INC	270,000	$15.2M	0.69%	-1,225
HOME PROPERTIES INCHOME PROPERTIES INC	253,450	$14.8M	0.67%	-1,925
MB FINANCIAL INCMB FINANCIAL INC	508,850	$14.1M	0.64%	-1,925
APDAIR PRODUCTS AND CHEMICALS I	107,534	$14M	0.63%	-13,600	Timeline
SUPERIOR ENERGY SVCS INCSUPERIOR ENERGY SVCS INC	423,378	$13.9M	0.63%	+1,320
PORPORTLAND GEN ELEC CO	432,450	$13.9M	0.63%	-1,575	Timeline
DEAN FOODS CO NEWDEAN FOODS CO NEW	1,038,750	$13.8M	0.62%	-2,410
NWBINORTHWEST BANCSHARES INC	1,108,221	$13.4M	0.61%	-4,205	Timeline
IBMINTERNATIONAL BUSINESS MACHS	70,017	$13.3M	0.6%	-11,261	Timeline
SIGISELECTIVE INS GROUP INC	597,250	$13.2M	0.6%	-2,275	Timeline
CALLON PETE CO DELCALLON PETE CO DEL	1,500,000	$13.2M	0.6%	new
VZVERIZON COMMUNICATIONS INC	263,420	$13.2M	0.59%	-25,382	Timeline
GENERAL ELEC COGENERAL ELEC CO	505,311	$12.9M	0.58%	-65,300
SPGSIMON PPTY GROUP INC NEW	78,631	$12.9M	0.58%	-4,391	Timeline
JNJJOHNSON & JOHNSON	119,349	$12.7M	0.57%	-4,939	Timeline
MSFTMICROSOFT CORP	271,392	$12.6M	0.57%	-50,620	Timeline
ETNEATON CORP PLC	190,525	$12.1M	0.54%	-15,968	Timeline
KMBKIMBERLY-CLARK CORP	111,331	$12M	0.54%	-9,633	Timeline
UPSUNITED PARCEL SVCS INC	117,939	$11.6M	0.52%	-71,081	Timeline
CMPCOMPASS MINERALS INTL INC	137,200	$11.6M	0.52%	-525	Timeline
UNITED TECHNOLOGIES CORPUNITED TECHNOLOGIES CORP	109,406	$11.6M	0.52%	+21,270
FIRST MIDWEST BANCORP INC/ILFIRST MIDWEST BANCORP INC/IL	700,762	$11.3M	0.51%	+313,237
XOMEXXON MOBIL CORP	118,815	$11.2M	0.5%	-5,820	Timeline
ABBVABBVIE INC	191,991	$11.1M	0.5%	-20,879	Timeline
BEACON ROOFING SUPPLY INCBEACON ROOFING SUPPLY INC	424,100	$10.8M	0.49%	-41,675
MMM3M CO	73,128	$10.4M	0.47%	-1,430	Timeline
NVONOVO-NORDISK A S	214,300	$10.2M	0.46%	-22,000	Timeline
WMWASTE MGMT INC DEL	212,022	$10.1M	0.45%	-20,814	Timeline
PSXPHILLIPS 66	122,589	$9.97M	0.45%	-21,927	Timeline
COPCONOCOPHILLIPS	129,046	$9.88M	0.45%	-26,502	Timeline
NSCNORFOLK SOUTHN CORP	85,405	$9.53M	0.43%	+17,314	Timeline
ACNACCENTURE PLC IRELAND	117,163	$9.53M	0.43%	-7,291	Timeline
CHDCHURCH & DWIGHT CO INC	134,250	$9.42M	0.43%	-2,300	Timeline
PPGPPG INDS INC	46,050	$9.06M	0.41%	-3,190	Timeline
Dow Chemical CompanyDow Chemical Company	170,366	$8.93M	0.4%	-37,633
AMPAMERIPRISE FINL INC	72,160	$8.9M	0.4%	-14,669	Timeline
BMYBRISTOL-MYERS SQUIBB CO	170,298	$8.72M	0.39%	-15,940	Timeline
HONHONEYWELL INTL INC	93,587	$8.71M	0.39%	-8,514	Timeline
JPMJPMORGAN CHASE & CO	143,665	$8.65M	0.39%	-7,044	Timeline
SWKSSKYWORKS SOLUTIONS INC	147,900	$8.59M	0.39%	-12,210	Timeline
VFCV F CORP	129,892	$8.58M	0.39%	-72,331	Timeline
CVSCVS HEALTH CORP	105,970	$8.43M	0.38%	-18,084	Timeline
RPMRPM INTL INC	181,006	$8.29M	0.37%	-6,610	Timeline
PRUPRUDENTIAL FINL INC	91,125	$8.01M	0.36%	-12,291	Timeline
AMGNAMGEN INC	55,966	$7.86M	0.35%	-10,543	Timeline
MCDMCDONALDS CORP	81,258	$7.7M	0.35%	-13,127	Timeline
QCOMQUALCOMM INC	101,530	$7.59M	0.34%	-5,844	Timeline
EMREMERSON ELEC CO	120,098	$7.52M	0.34%	+100	Timeline
CVXCHEVRON CORPORATION	61,473	$7.33M	0.33%	-8,840	Timeline
PNCPNC FINL SVCS GROUP INC	85,125	$7.29M	0.33%	-9,560	Timeline
ABTABBOTT LABORATORIES	172,570	$7.18M	0.32%	-21,089	Timeline
LLYELI LILLY & CO	106,024	$6.88M	0.31%	-1,900	Timeline
UNPUNION PAC CORP	62,870	$6.82M	0.31%	-9,044	Timeline
OXYOCCIDENTAL PETE CORP	70,345	$6.76M	0.31%	-24,588	Timeline
AWKAMERICAN WTR WKS CO INC NEW	140,085	$6.76M	0.3%	-1,475	Timeline
ACTAVIS PLCACTAVIS PLC	27,369	$6.6M	0.3%	-1,561
FFORD MTR CO	445,575	$6.59M	0.3%	-82,343	Timeline
TRVTRAVELERS COMPANIES INC	70,143	$6.59M	0.3%	-5,903	Timeline
PEPPEPSICO INC	69,967	$6.51M	0.29%	-6,224	Timeline
METMETLIFE INC	119,741	$6.43M	0.29%	-20,643	Timeline
ORCLORACLE CORP	159,989	$6.12M	0.28%	-29,898	Timeline
KYNKAYNE ANDERSON ENERGY INFRST	145,567	$5.95M	0.27%	-16,108	Timeline
TOTALENERGIES SETOTALENERGIES SE	91,363	$5.89M	0.27%	-5,401
CATCATERPILLAR INC	58,211	$5.76M	0.26%	-49,113	Timeline
MYLAN INCMYLAN INC	126,585	$5.76M	0.26%	-14,739
TMOTHERMO FISHER SCIENTIFIC INC	46,025	$5.6M	0.25%	-11,825	Timeline
BDXBECTON DICKINSON & CO	49,140	$5.59M	0.25%	-3,987	Timeline
MMACYS INC	95,255	$5.54M	0.25%	-13,036	Timeline
WYWEYERHAEUSER CO	172,310	$5.49M	0.25%	new	Timeline
PGPROCTER & GAMBLE CO	61,344	$5.14M	0.23%	-3,395	Timeline
DLRDIGITAL RLTY TR INC	81,465	$5.08M	0.23%	-64,606	Timeline
ZBHZIMMER BIOMET HOLDINGS INC	50,035	$5.03M	0.23%	-5,920	Timeline
CSXCSX CORP	155,487	$4.99M	0.22%	-15,670	Timeline
WHRWHIRLPOOL CORP	33,875	$4.93M	0.22%	+3,180	Timeline
RCLROYAL CARIBBEAN GROUP	71,465	$4.81M	0.22%	-18,166	Timeline
EPPISHARES INC	104,200	$4.8M	0.22%	-19,450	Timeline
SWKSTANLEY BLACK & DECKER INC	53,010	$4.71M	0.21%	-10,059	Timeline
WPCWP CAREY INC	73,728	$4.7M	0.21%	-7,827	Timeline
AAPLAPPLE INC	45,620	$4.6M	0.21%	-20,746	Timeline
DU PONT E I DE NEMOURS & CODU PONT E I DE NEMOURS & CO	63,133	$4.53M	0.2%	-10,408
DEDEERE & CO	54,750	$4.49M	0.2%	-11,445	Timeline
MACMACERICH CO	68,132	$4.35M	0.2%	0	Timeline
TAT&T INC	123,103	$4.34M	0.2%	-10,509	Timeline
LYBLYONDELLBASELL INDUSTRIES NV	39,920	$4.34M	0.2%	-19,115	Timeline
NEENEXTERA ENERGY INC	44,905	$4.22M	0.19%	-3,233	Timeline
MRKMERCK & CO INC	70,662	$4.19M	0.19%	-39,278	Timeline
WDFCWD 40 CO	61,050	$4.15M	0.19%	0	Timeline
PIEDMONT NATURAL GAS COPIEDMONT NATURAL GAS CO	120,386	$4.04M	0.18%	-1,300
EXPRESS SCRIPTS HLDG COEXPRESS SCRIPTS HLDG CO	56,799	$4.01M	0.18%	-18,648
UGIUGI CORP NEW	116,800	$3.98M	0.18%	+22,250	Timeline
DEODIAGEO PLC	34,495	$3.98M	0.18%	-5,141	Timeline
FDXFEDEX CORP	24,625	$3.98M	0.18%	-2,425	Timeline
EGPEASTGROUP PPTYS INC	65,100	$3.94M	0.18%	0	Timeline
INTCINTEL CORP	113,245	$3.94M	0.18%	-35,189	Timeline
TDTORONTO DOMINION BK ONT	79,561	$3.93M	0.18%	-14,825	Timeline
COFCAPITAL ONE FINL CORP	48,075	$3.92M	0.18%	-7,014	Timeline
TYCO INTERNATIONAL LTDTYCO INTERNATIONAL LTD	87,166	$3.88M	0.18%	-10,750
HALHALLIBURTON CO	60,060	$3.87M	0.17%	-41,394	Timeline
RLJRLJ LODGING TR	134,400	$3.83M	0.17%	0	Timeline
DVNDEVON ENERGY CORP NEW	55,571	$3.79M	0.17%	-8,418	Timeline
USBUS BANCORP	89,655	$3.75M	0.17%	-4,150	Timeline
PFEPFIZER INC	126,675	$3.75M	0.17%	-800	Timeline
RAYTHEON CORAYTHEON CO	36,344	$3.69M	0.17%	-150
FCXFREEPORT MCMORAN INC	112,909	$3.69M	0.17%	-122,086	Timeline
WHITING PETE CORP NEWWHITING PETE CORP NEW	46,925	$3.64M	0.16%	-7,575
TORCHMARK CORPTORCHMARK CORP	69,186	$3.62M	0.16%	+18,811
SLBSLB LIMITED	35,014	$3.56M	0.16%	-1,199	Timeline
DDR CORPDDR CORP	206,864	$3.46M	0.16%	0
GPCGENUINE PARTS CO	38,960	$3.42M	0.15%	0	Timeline
WELLTOWER INCWELLTOWER INC	51,850	$3.23M	0.15%	-3,300
UDRUDR INC	115,477	$3.15M	0.14%	-1,200	Timeline
PHPARKER-HANNIFIN CORP	27,240	$3.11M	0.14%	-2,605	Timeline
DDOMINION ENERGY INC	44,675	$3.09M	0.14%	-4,240	Timeline
MOALTRIA GROUP INC	66,650	$3.06M	0.14%	-8,238	Timeline
CPBTHE CAMPBELLS COMPANY	70,300	$3M	0.14%	0	Timeline
KIMKIMCO REALTY CORP	136,225	$2.98M	0.13%	-35,750	Timeline
CFCF INDUSTRIES HOLD	10,580	$2.95M	0.13%	+225	Timeline
DUKDUKE ENERGY CORP NEW	39,308	$2.94M	0.13%	-6,374	Timeline
HARRIS CORP INCHARRIS CORP INC	43,475	$2.89M	0.13%	-4,950
DHID R HORTON INC	140,475	$2.88M	0.13%	new	Timeline
MARMARRIOTT INTL INC NEW	40,000	$2.8M	0.13%	0	Timeline
SMSM ENERGY COMPANY	35,735	$2.79M	0.13%	new	Timeline
AALAMERICAN AIRLINES GROUP INC	76,815	$2.73M	0.12%	new	Timeline
GENERAL GROWTH PPTYS INC NEWGENERAL GROWTH PPTYS INC NEW	115,000	$2.71M	0.12%	0
AMERICAN CAMPUS COMMUNITIESAMERICAN CAMPUS COMMUNITIES	73,350	$2.67M	0.12%	-1,650
AREALEXANDRIA REAL ESTATE EQ IN	36,250	$2.67M	0.12%	-1,950	Timeline
PMPHILIP MORRIS INTL INC	31,010	$2.59M	0.12%	-3,025	Timeline
ENSCO PLCENSCO PLC	61,000	$2.52M	0.11%	-97,513
AKRACADIA RLTY TR	91,200	$2.52M	0.11%	+3,700	Timeline
VMRKVIVMARK RESIDENTIAL	40,200	$2.48M	0.11%	0	Timeline
FISVFISERV INC	38,200	$2.47M	0.11%	-14,648	Timeline
ESSESSEX PPTY TR INC	13,500	$2.41M	0.11%	-275	Timeline
EEMISHARES TR	56,475	$2.35M	0.11%	-46,304	Timeline
CPTCAMDEN PPTY TR	34,250	$2.35M	0.11%	+2,000	Timeline
L-3 COMMUNICATIONS HLDGS INCL-3 COMMUNICATIONS HLDGS INC	18,725	$2.23M	0.1%	-600
PNRPENTAIR PLC	33,453	$2.19M	0.1%	-4,668	Timeline
MHKMOHAWK INDS INC	16,200	$2.18M	0.1%	0	Timeline
VWOVANGUARD INTL EQUITY INDEX F	51,800	$2.16M	0.1%	-59,214	Timeline
NNNNNN REIT INC	61,900	$2.14M	0.1%	-800	Timeline
HERTZ GLOBAL HLDGS INC NHERTZ GLOBAL HLDGS INC N	84,300	$2.14M	0.1%	-145,036
KEYKEYCORP	159,400	$2.12M	0.1%	0	Timeline
AFGAMERICAN FINANCIAL GROUP INC	36,400	$2.11M	0.1%	0	Timeline
MKCMCCORMICK & CO INC	31,500	$2.11M	0.1%	0	Timeline
ICLRICON PUB LTD CO	36,800	$2.11M	0.1%	0	Timeline
EWBCEAST WEST BANCORP INC	61,300	$2.08M	0.09%	0	Timeline
DISDISNEY WALT CO	23,301	$2.07M	0.09%	-1,787	Timeline
FEDERAL REALTY INVESTMENT T…FEDERAL REALTY INVESTMENT TRUS	17,500	$2.07M	0.09%	0
LIBERTY PROPERTY TRUSTLIBERTY PROPERTY TRUST	61,300	$2.04M	0.09%	-2,645
ITWILLINOIS TOOL WKS INC	24,035	$2.03M	0.09%	-333	Timeline
RVTYREVVITY INC	46,200	$2.01M	0.09%	0	Timeline
Broadcom IncBroadcom Inc	23,150	$2.01M	0.09%	-5,350
Crown CastleCrown Castle	25,000	$2.01M	0.09%	new
SOVRAN SELF STORAGE INCSOVRAN SELF STORAGE INC	27,000	$2.01M	0.09%	0
NJRNEW JERSEY RES CORP	38,250	$1.93M	0.09%	0	Timeline
WLKWESTLAKE CORPORATION	22,300	$1.93M	0.09%	-4,500	Timeline
TE CONNECTIVITY LTDTE CONNECTIVITY LTD	34,685	$1.92M	0.09%	-2,775
VTRVENTAS INC	30,933	$1.92M	0.09%	0	Timeline
ACTVISION BLIZZARD INCACTVISION BLIZZARD INC	92,100	$1.92M	0.09%	0
FAMILY DLR STORES INCFAMILY DLR STORES INC	24,600	$1.9M	0.09%	-25,000
CHESAPEAKE LODGING TRCHESAPEAKE LODGING TR	65,000	$1.9M	0.09%	0
ALLALLSTATE CORP	30,525	$1.87M	0.08%	-150	Timeline
AVYAVERY DENNISON CORP	41,400	$1.85M	0.08%	0	Timeline
FRCBFIRST REP BK SAN FRANCISCO CAL	36,500	$1.8M	0.08%	0	Timeline
SYYSYSCO CORP	46,750	$1.77M	0.08%	-23,084	Timeline
OHIOMEGA HEALTHCARE INVS INC	50,000	$1.71M	0.08%	0	Timeline
AFLAFLAC INC	28,650	$1.67M	0.08%	-3,425	Timeline
ENERGIZER HLDGS INCENERGIZER HLDGS INC	13,200	$1.63M	0.07%	0
CUBECUBESMART	90,000	$1.62M	0.07%	0	Timeline
MGAMAGNA INTL INC	16,800	$1.59M	0.07%	new	Timeline
LASALLE HOTEL PROPERTIESLASALLE HOTEL PROPERTIES	46,400	$1.59M	0.07%	+1,400
WCCWESCO INTL INC	20,200	$1.58M	0.07%	0	Timeline
ARWARROW ELECTRS INC	27,800	$1.54M	0.07%	new	Timeline
BDNBRANDYWINE RLTY TR	107,200	$1.51M	0.07%	-30,000	Timeline
BAXBAXTER INTL INC	20,520	$1.47M	0.07%	-3,801	Timeline
SKTTANGER INC	45,000	$1.47M	0.07%	0	Timeline
TGTTARGET CORP	23,475	$1.47M	0.07%	-3,990	Timeline
CENTURYLINK INCCENTURYLINK INC	35,257	$1.44M	0.07%	-548
HERSHA HOSPITALITY TR REITHERSHA HOSPITALITY TR REIT	225,000	$1.43M	0.06%	0
CONTINENTAL RES INCCONTINENTAL RES INC	21,400	$1.42M	0.06%	+10,200
BKHBLACK HILLS CORP	29,050	$1.39M	0.06%	-250	Timeline
HDHOME DEPOT INC	15,075	$1.38M	0.06%	-4,040	Timeline
HPPHUDSON PAC PPTYS INC	55,000	$1.36M	0.06%	0	Timeline
FRFIRST INDL RLTY TR INC	80,000	$1.35M	0.06%	0	Timeline
KOCOCA COLA CO	31,002	$1.32M	0.06%	-6,404	Timeline
LMTLOCKHEED MARTIN CORP	7,150	$1.31M	0.06%	-150	Timeline
KSSKOHLS CORP	20,700	$1.26M	0.06%	-6,100	Timeline
MOSMOSAIC CO	26,650	$1.18M	0.05%	-17,511	Timeline
PPLPPL CORP	34,550	$1.14M	0.05%	-4,424	Timeline
SHOSUNSTONE HOTEL INVS INC NEW	81,414	$1.12M	0.05%	0	Timeline
MDLZMONDELEZ INTL INC	31,184	$1.07M	0.05%	-13,556	Timeline
CAGCONAGRA BRANDS INC	31,975	$1.06M	0.05%	-21,096	Timeline
AXPAMERICAN EXPRESS CO	12,050	$1.05M	0.05%	-1,450	Timeline
AIRGAS INCAIRGAS INC	9,500	$1.05M	0.05%	-17,900
NATIONAL OILWELL VARCO INCNATIONAL OILWELL VARCO INC	13,525	$1.03M	0.05%	-550
DRIDARDEN RESTAURANTS INC	19,950	$1.03M	0.05%	-17,300	Timeline
VNOVORNADO RLTY TR	10,000	$1M	0.05%	0	Timeline
SJMSMUCKER J M CO	10,009	$991K	0.04%	-1,350	Timeline
PRAXAIR INCPRAXAIR INC	7,450	$961K	0.04%	-380
DR PEPPER SNAPPLE GROUP INCDR PEPPER SNAPPLE GROUP INC	14,900	$958K	0.04%	-100
HCP INCHCP INC	23,800	$945K	0.04%	-2,350
TRADE STR RESIDENTIAL INCTRADE STR RESIDENTIAL INC	125,000	$892K	0.04%	+55,800
CSCOCISCO SYS INC	34,954	$880K	0.04%	-3,174	Timeline
ROYAL DUTCH SHELL PLC SPN A…ROYAL DUTCH SHELL PLC SPN ADR	11,435	$871K	0.04%	-550
WFCWELLS FARGO & CO	16,474	$855K	0.04%	-10,392	Timeline
PAYXPAYCHEX INC	19,350	$855K	0.04%	-974	Timeline
HRLHORMEL FOODS CORP	16,500	$848K	0.04%	0	Timeline
WGL HLDGS INCWGL HLDGS INC	19,800	$834K	0.04%	0
RYNRAYONIER INC	25,000	$778K	0.04%	0	Timeline
NOBLE CORP PLCNOBLE CORP PLC	33,055	$734K	0.03%	-19,375
HESS CORPHESS CORP	7,675	$724K	0.03%	-1,700
AGRIUM INCAGRIUM INC	7,875	$701K	0.03%	-20,350
RGCORGC RES INC	35,116	$699K	0.03%	0	Timeline
MEREDITH CORPMEREDITH CORP	16,250	$695K	0.03%	-200
APACHE CORPAPACHE CORP	7,225	$678K	0.03%	-3,550
KRAFT FOODS GROUP INCKRAFT FOODS GROUP INC	11,859	$669K	0.03%	-4,152
GLAXOSMITHKLINE PLC-ADRGLAXOSMITHKLINE PLC-ADR	14,105	$648K	0.03%	-1,600
MARATHON OIL CORPMARATHON OIL CORP	15,900	$598K	0.03%	-17,940
BUCKEYE PARTNERS LP (BPL)BUCKEYE PARTNERS LP (BPL)	7,350	$585K	0.03%	0
PEGPUBLIC SVC ENTERPRISE GROUP	15,100	$562K	0.03%	-2,000	Timeline
ANADARKO PETROLEUM CORPANADARKO PETROLEUM CORP	5,400	$548K	0.02%	-7,600
VTIVANGUARD INDEX FDS	5,200	$526K	0.02%	0	Timeline
GDGENERAL DYNAMICS CORP	4,125	$524K	0.02%	0	Timeline
HRBBLOCK H & R INC	16,400	$509K	0.02%	-5,500	Timeline
MURMURPHY OIL CORP	8,950	$509K	0.02%	-3,725	Timeline
TORTOISE ENERGY INFRA CORPTORTOISE ENERGY INFRA CORP	10,450	$503K	0.02%	+400
NUANCE COMMUNICATIONS INCNUANCE COMMUNICATIONS INC	32,500	$501K	0.02%	-14,350
MPCMARATHON PETE CORP	5,750	$487K	0.02%	-2,140	Timeline
AEGION CORPAEGION CORP	21,650	$482K	0.02%	0
DGICADONEGAL GROUP INC	30,083	$462K	0.02%	-933	Timeline
DGXQUEST DIAGNOSTICS INC	7,548	$458K	0.02%	-2,348	Timeline
KINDER MORGAN ENERGY PARTNERKINDER MORGAN ENERGY PARTNER	4,900	$457K	0.02%	-1,800
CAMPUS CREST COMMUNITIES ICAMPUS CREST COMMUNITIES I	70,000	$448K	0.02%	new
ADMARCHER DANIELS MIDLAND CO	8,600	$439K	0.02%	-500	Timeline
BED BATH & BEYOND INCBED BATH & BEYOND INC	6,500	$428K	0.02%	-1,225
CELGENE CORPCELGENE CORP	4,470	$424K	0.02%	-550
ALLERGAN INCALLERGAN INC	2,250	$401K	0.02%	-2,000
VXUSVANGUARD STAR FDS	7,800	$398K	0.02%	0	Timeline
CECOCECO ENVIRONMENTAL CORP	29,317	$393K	0.02%	-7,225	Timeline
HOSPITALITY PROPERTIES TRUSTHOSPITALITY PROPERTIES TRUST	14,525	$390K	0.02%	-2,150
GISGENERAL MILLS INC	7,600	$383K	0.02%	-3,940	Timeline
KKELLANOVA	6,106	$376K	0.02%	0	Timeline
DNPDNP SELECT INCOME FD INC	35,900	$363K	0.02%	0	Timeline
WEATHERFORD INTL INC ORD SHSWEATHERFORD INTL INC ORD SHS	17,000	$354K	0.02%	new
CLCOLGATE PALMOLIVE CO	5,402	$352K	0.02%	-960	Timeline
SPROTT PHYSICAL GOLD SILVERSPROTT PHYSICAL GOLD SILVER	27,500	$339K	0.02%	0
INGERSOLL-RAND PLCINGERSOLL-RAND PLC	5,950	$335K	0.02%	+2,100
LABORATORY CORP OF AMERICALABORATORY CORP OF AMERICA	3,200	$326K	0.01%	-1,350
GLWCORNING INC	16,800	$325K	0.01%	-300	Timeline
KAYNE ANDERSON ENERGY DEV COKAYNE ANDERSON ENERGY DEV CO	8,500	$311K	0.01%	0
DOVDOVER CORP	3,775	$303K	0.01%	-412	Timeline
AEPAMERICAN ELEC PWR CO INC	5,700	$298K	0.01%	-1,600	Timeline
FXIISHARES TR	7,700	$295K	0.01%	-41,500	Timeline
EFAISHARES TR	4,375	$281K	0.01%	-7,400	Timeline
GoogleGoogle	465	$274K	0.01%	+15
DIAMOND OFFSHORE DRILLING INDIAMOND OFFSHORE DRILLING IN	7,800	$267K	0.01%	-2,025
VLOVALERO ENERGY CORP	5,650	$261K	0.01%	-2,750	Timeline
NVSNOVARTIS AG	2,750	$259K	0.01%	-1,825	Timeline
XELXCEL ENERGY INC	8,500	$258K	0.01%	-1,000	Timeline
HSYHERSHEY CO	2,700	$258K	0.01%	0	Timeline
LORILLARD INCLORILLARD INC	4,275	$256K	0.01%	+400
BOARDWALK PIPELINE PARTNERSBOARDWALK PIPELINE PARTNERS	13,350	$250K	0.01%	0
NTAPNETAPP INC	5,650	$243K	0.01%	-1,450	Timeline
RIGTRANSOCEAN LTD	7,614	$243K	0.01%	-1,700	Timeline
ISHARESISHARES	20,300	$239K	0.01%	-4,445
MAAMID-AMER APT CMNTYS INC	3,480	$228K	0.01%	0	Timeline
BHPBHP BILLITON LIMITED	3,800	$224K	0.01%	-4,000	Timeline
GOOGLE INCGOOGLE INC	385	$222K	0.01%	-65
NEMNEWMONT CORP	9,600	$221K	0.01%	-11,700	Timeline
WASHWASHINGTON TR BANCORP INC	6,480	$214K	0.01%	0	Timeline
TAL INTERNATIONAL GROUPTAL INTERNATIONAL GROUP	5,175	$213K	0.01%	+250
COACH INCCOACH INC	5,725	$204K	0.01%	-5,850
GWWWW GRAINGER INC	800	$201K	0.01%	0	Timeline
HIGHARTFORD INSURANCE GROUP INC	5,401	$201K	0.01%	-6,200	Timeline
Washington Prime GroupWashington Prime Group	11,065	$193K	0.01%	-7,251
MUFGMITSUBISHI UFJ FINANCIAL GRO	10,000	$56K	<0.01%	0	Timeline
COAST DISTR SYSCOAST DISTR SYS	13,000	$43K	<0.01%	0

Sold out in Q3 2014

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
UNS ENERGY CORPUNS ENERGY CORP	226,350	$13.7M	shares
CNICANADIAN NATL RY CO	27,800	$1.81M	shares
VVVANGUARD INDEX FDS	19,535	$1.76M	shares
EDUCATION RLTY TR INCEDUCATION RLTY TR INC	150,000	$1.61M	shares
POST PPTYS INCPOST PPTYS INC	30,000	$1.6M	shares
TSCOTRACTOR SUPPLY CO	25,900	$1.56M	shares
SEADRILL ORDSEADRILL ORD	21,200	$847K	shares
KWRQUAKER HOUGHTON	7,000	$538K	shares
MAGELLAN MIDSTREAM PARTNERS…MAGELLAN MIDSTREAM PARTNERS, L	5,800	$487K	shares
TEVATEVA PHARMACEUTICAL INDS LTD	7,500	$393K	shares
LOWLOWES COS INC	6,759	$324K	shares
VALEANT PHARMACEUTICALS INTLVALEANT PHARMACEUTICALS INTL	2,400	$303K	shares
BHBBAR HBR BANKSHARES	10,500	$293K	shares
BACBANK OF AMER CORP	17,824	$274K	shares
AON PLCAON PLC	2,719	$245K	shares
ETENERGY TRANSFER L P	4,100	$242K	shares
SOSOUTHERN CO	5,300	$241K	shares
WMTWALMART INC	3,125	$235K	shares
EPDENTERPRISE PRODS PARTNERS L	3,000	$235K	shares
SPECTRA ENERGY CORPSPECTRA ENERGY CORP	5,500	$234K	shares
TFXTELEFLEX INCORPORATED	2,200	$232K	shares
HPHELMERICH & PAYNE INC	2,000	$232K	shares
ICEINTERCONTINENTAL EXCHANGE IN	1,123	$212K	shares
THE ADT CORPORATIONTHE ADT CORPORATION	6,025	$211K	shares
OMCOMNICOM GROUP INC	2,900	$207K	shares
PUKPRUDENTIAL PLC	4,500	$206K	shares
TMTOYOTA MOTOR CORP	1,700	$203K	shares
SIEGYSIEMENS AG-SPONS ADR	1,535	$203K	shares
VLYVALLEY NATL BANCORP	10,000	$99K	shares

How Q3 2014 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0000763910-14-000006	base		2014-11-12	acceptance time not in the bulk data set	2026-10-07 19:26:03 UTC