0001193125-12-055070.txt : 20120213 0001193125-12-055070.hdr.sgml : 20120213 20120213110659 ACCESSION NUMBER: 0001193125-12-055070 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120213 DATE AS OF CHANGE: 20120213 EFFECTIVENESS DATE: 20120213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TDAM USA INC. CENTRAL INDEX KEY: 0001115941 IRS NUMBER: 133849588 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05929 FILM NUMBER: 12596202 BUSINESS ADDRESS: STREET 1: CANADA TRUST TOWER, BCE PLACE STREET 2: 161 BAY STREET, 35TH, FLOOR CITY: TORONTO STATE: A6 ZIP: M5J 2T2 BUSINESS PHONE: 416-308-5346 MAIL ADDRESS: STREET 1: CANADA TRUST TOWER, BCE PLACE STREET 2: 161 BAY STREET, 35TH, FLOOR CITY: TORONTO STATE: A6 ZIP: M5J 2T2 FORMER COMPANY: FORMER CONFORMED NAME: TD ASSET MANAGEMENT USA INC. DATE OF NAME CHANGE: 20051114 FORMER COMPANY: FORMER CONFORMED NAME: WATERHOUSE ASSET MANAGEMENT INC DATE OF NAME CHANGE: 20040323 FORMER COMPANY: FORMER CONFORMED NAME: TD WATERHOUSE ASSET MANAGEMENT INC DATE OF NAME CHANGE: 20000531 13F-HR 1 d299902d13fhr.txt FORM 13F-HR ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 30th, 2011 Check here if Amendment [ ]: Amendment Number _______ This Amendment (Check only one): [_] is a restatement. [_] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: TDAM USA Inc. Address: Canada Trust Tower, BCE Place, 161 Bay Street, 35/th/ Floor, Toronto, Ontario, M5J 2T2 -------------------------------------------------------------------------------- Form 13F File Number: 28-05929 This institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Barbara Callbeck Title: Managing Director Phone: 416-308-5346 Signature, Place, and Date of Signing: 'Barbara Callbeck' Toronto, Ontario February 10th, 2012 [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report) [_] 13F NOTICE (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion is reported by other reporting manager(s).) ================================================================================ FORM 13F SUMMARY PAGE Report summary: Number of Other Included Managers: Two (1) Form 13F Information Table Entry Total: 342 Form 13F Information Table Value Total: US$ 1,701,992 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name No. Form 13F File Number Name 1 28-04365 TD Bank N.A

FAIR AMOUNT MARKET OF VOTING AUTHORITY VALUE SECURITY INVESTMENT OTHER ---------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) (SH) DISCRETION MANAGERS SOLE SHARE NONE -------------- -------------- --------- -------- --------- ---------- -------- ---- --------- ------- 3M CO COM 88579Y101 28,750 351,768 Defined 1 330,899 20,869 ABBOTT LABS COM 002824100 36,856 655,445 Defined 1 613,359 42,086 ABBOTT LABS COM 002824100 586 10,418 Sole ACE LTD SHS H0023R105 15,135 215,840 Defined 1 203,455 12,385 ACTIVISION BLIZZARD INC COM 00507V109 345 27,986 Sole ADOBE SYS INC COM 00724F101 317 11,215 Defined 1 10,715 500 ADVANCED SEMICONDUCTOR ENGR SPONSORED ADR 00756M404 22 13,503 Sole AFLAC INC COM 001055102 4,061 93,882 Defined 1 86,761 7,121 AIR PRODS & CHEMS INC COM 009158106 564 6,621 Defined 1 6,421 200 ALCOA INC COM 013817101 146 16,880 Defined 1 15,780 1,100 ALLERGAN INC COM 018490102 234 2,672 Defined 1 2,672 -- ALLSTATE CORP COM 020002101 394 14,374 Sole ALTRIA GROUP INC COM 02209S103 974 32,861 Defined 1 25,304 7,557 AMAZON COM INC COM 023135106 400 2,310 Sole AMAZON COM INC COM 023135106 215 1,240 Defined 1 1,240 -- AMERICAN CAP LTD COM 02503Y103 78 11,610 Sole AMERICAN EXPRESS CO COM 025816109 23,727 503,013 Defined 1 471,707 31,306 AMERICAN EXPRESS CO COM 025816109 304 6,442 Sole AMERICAN FINL GROUP INC OHIO COM 025932104 215 5,833 Defined 1 5,833 -- AMERICAN INTL GROUP INC COM NEW 026874784 251 10,825 Sole AMERICAN SCIENCE & ENGR INC COM 029429107 395 5,800 Defined 1 5,800 -- AMERICAN TOWER CORP CL A 029912201 9,220 153,647 Defined 1 145,567 8,080 AMGEN INC COM 031162100 735 11,446 Defined 1 9,500 1,946 AMGEN INC COM 031162100 348 5,426 Sole ANADARKO PETE CORP COM 032511107 701 9,183 Defined 1 4,124 5,059 ANALOG DEVICES INC COM 032654105 5,429 151,743 Defined 1 131,856 19,887 ANNALY CAP MGMT INC COM 035710409 231 14,460 Defined 1 14,460 -- APACHE CORP COM 037411105 17,846 197,016 Defined 1 188,195 8,821 APPLE INC COM 037833100 3,206 7,915 Defined 1 6,995 920 APPLE INC COM 037833100 1,773 4,377 Sole APPLIED MATLS INC COM 038222105 193 18,000 Defined 1 17,500 500 ARCHER DANIELS MIDLAND CO COM 039483102 8,997 314,568 Defined 1 298,198 16,370 AT&T INC COM 00206R102 19,470 643,833 Defined 1 606,013 37,820 AT&T INC COM 00206R102 1,029 34,029 Sole AU OPTRONICS CORP SPONSORED ADR 002255107 114 11,200 Sole AUTODESK INC COM 052769106 4,481 147,750 Defined 1 134,691 13,059 AUTOMATIC DATA PROCESSING IN COM 053015103 8,987 166,392 Defined 1 144,086 22,306 AVALONBAY CMNTYS INC COM 053484101 298 2,280 Sole AVON PRODS INC COM 054303102 488 27,923 Defined 1 25,273 2,650 BANCORP NEW JERSEY INC NEW COM 059915108 219 23,000 Defined 1 23,000 -- BANK NOVA SCOTIA HALIFAX COM 064149107 258 5,180 Defined 1 4,680 500 BANK OF AMERICA CORPORATION COM 060505104 909 163,417 Defined 1 151,736 11,681 BANK OF AMERICA CORPORATION COM 060505104 347 62,385 Sole BANK OF NEW YORK MELLON CORP COM 064058100 3,297 165,589 Defined 1 157,635 7,954 BARD C R INC COM 067383109 893 10,450 Defined 1 9,710 740 BAXTER INTL INC COM 071813109 3,381 68,338 Defined 1 66,683 1,655 BB&T CORP COM 054937107 399 15,840 Defined 1 15,840 -- BEAM INC COM 073730103 402 7,845 Defined 1 4,645 3,200 BEBE STORES INC COM 075571109 84 10,062 Sole BECTON DICKINSON & CO COM 075887109 1,747 23,376 Defined 1 23,376 -- BED BATH & BEYOND INC COM 075896100 9,582 165,294 Defined 1 156,754 8,540 BEMIS INC COM 081437105 621 20,637 Defined 1 16,137 4,500 BERKSHIRE HATHAWAY INC DEL CL A 084670108 19,164 167 Defined 1 167 -- BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 7,203 94,400 Defined 1 90,330 4,070 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,270 16,628 Sole BHP BILLITON LTD SPONSORED ADR 088606108 345 4,885 Defined 1 4,575 310 BOEING CO COM 097023105 1,858 25,333 Defined 1 24,054 1,279 BOSTON PRIVATE FINL HLDGS IN COM 101119105 97 12,174 Sole BOSTON PROPERTIES INC COM 101121101 355 3,566 Sole BP PLC SPONSORED ADR 055622104 342 8,004 Defined 1 8,004 -- BRISTOL MYERS SQUIBB CO COM 110122108 7,229 205,125 Defined 1 201,115 4,010 BRISTOL MYERS SQUIBB CO COM 110122108 321 9,100 Sole CAMERON INTERNATIONAL CORP COM 13342B105 292 5,937 Sole CANADIAN NATL RY CO COM 136375102 201 2,554 Defined 1 2,554 -- CAPITAL ONE FINL CORP COM 14040H105 12,410 293,458 Defined 1 277,328 16,130 CAPSTONE TURBINE CORP COM 14067D102 17 15,000 Defined 1 15,000 -- CARDINAL HEALTH INC COM 14149Y108 358 8,812 Sole CATERPILLAR INC DEL COM 149123101 2,267 25,025 Defined 1 24,275 750 CATERPILLAR INC DEL COM 149123101 305 3,363 Sole CELGENE CORP COM 151020104 10,496 155,268 Defined 1 147,158 8,110 CENTERPOINT ENERGY INC COM 15189T107 214 10,637 Sole CHECK POINT SOFTWARE TECH LT ORD M22465104 16,122 306,852 Defined 1 290,197 16,655 CHEVRON CORP NEW COM 166764100 50,204 471,840 Defined 1 436,809 35,031 CHEVRON CORP NEW COM 166764100 1,126 10,587 Sole CHURCH & DWIGHT INC COM 171340102 1,125 24,576 Defined 1 19,896 4,680 CIGNA CORPORATION COM 125509109 756 17,990 Defined 1 17,990 -- CIMAREX ENERGY CO COM 171798101 358 5,779 Defined 1 5,634 145 CISCO SYS INC COM 17275R102 22,563 1,247,944 Defined 1 1,170,063 77,881 CISCO SYS INC COM 17275R102 593 32,758 Sole CITIGROUP INC COM NEW 172967424 429 16,319 Sole CITIGROUP INC COM NEW 172967424 377 14,315 Defined 1 13,260 1,055 CLOROX CO DEL COM 189054109 544 8,178 Defined 1 6,563 1,615 COACH INC COM 189754104 323 5,298 Defined 1 2,798 2,500 COCA COLA CO COM 191216100 9,792 139,944 Defined 1 136,714 3,230 COCA COLA CO COM 191216100 879 12,567 Sole COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 1,638 25,473 Defined 1 25,018 455 COLGATE PALMOLIVE CO COM 194162103 28,486 308,318 Defined 1 284,940 23,378 COMCAST CORP NEW CL A 20030N101 411 17,340 Sole CONOCOPHILLIPS COM 20825C104 12,178 167,118 Defined 1 153,692 13,426 CONOCOPHILLIPS COM 20825C104 564 7,736 Sole CONSOLIDATED EDISON INC COM 209115104 670 10,800 Defined 1 7,800 3,000 CORNING INC COM 219350105 168 12,949 Defined 1 9,299 3,650 COSTCO WHSL CORP NEW COM 22160K105 218 2,613 Defined 1 2,413 200 CSX CORP COM 126408103 542 25,722 Defined 1 25,722 -- CVS CAREMARK CORPORATION COM 126650100 1,366 33,496 Defined 1 33,496 -- CVS CAREMARK CORPORATION COM 126650100 369 9,038 Sole DANAHER CORP DEL COM 235851102 15,069 320,336 Defined 1 304,371 15,965 DEERE & CO COM 244199105 1,171 15,145 Defined 1 12,333 2,812 DELTEK INC COM 24784L105 99 10,062 Sole DENTSPLY INTL INC NEW COM 249030107 606 17,315 Defined 1 17,315 -- DIAGEO P L C SPON ADR NEW 25243Q205 19,939 228,081 Defined 1 214,997 13,084 DIAMOND OFFSHORE DRILLING IN COM 25271C102 288 5,210 Defined 1 5,210 -- DISH NETWORK CORP CL A 25470M109 300 10,537 Sole DISNEY WALT CO COM DISNEY 254687106 21,602 576,048 Defined 1 539,496 36,552 DISNEY WALT CO COM DISNEY 254687106 396 10,557 Sole DOMINION RES INC VA NEW COM 25746U109 634 11,953 Defined 1 11,953 -- DOW CHEM CO COM 260543103 489 16,996 Defined 1 15,651 1,345 DR REDDYS LABS LTD ADR 256135203 949 800 Sole DU PONT E I DE NEMOURS & CO COM 263534109 3,480 76,020 Defined 1 68,640 7,380 DU PONT E I DE NEMOURS & CO COM 263534109 224 4,887 Sole DUKE ENERGY CORP NEW COM 26441C105 3,762 171,009 Defined 1 162,869 8,140 E M C CORP MASS COM 268648102 21,968 1,019,867 Defined 1 954,460 65,407 EATON VANCE CORP COM NON VTG 278265103 317 13,418 Defined 1 7,518 5,900 ECOLAB INC COM 278865100 20,597 356,282 Defined 1 335,998 20,284 EDAC TECHNOLOGIES CORP COM 279285100 5,373 486,251 Defined 1 -- 486,251 EL PASO CORP COM 28336L109 527 19,837 Sole EMERSON ELEC CO COM 291011104 11,315 242,867 Defined 1 220,724 22,143 ENTERPRISE PRODS PARTNERS L COM 293792107 308 6,635 Defined 1 1,685 4,950 EXELON CORP COM 30161N101 18,497 426,482 Defined 1 401,167 25,315 EXPEDITORS INTL WASH INC COM 302130109 608 14,855 Defined 1 14,675 180 EXPRESS SCRIPTS INC COM 302182100 2,264 50,666 Defined 1 50,666 -- EXXON MOBIL CORP COM 30231G102 77,281 911,765 Defined 1 843,644 68,121

FAIR AMOUNT MARKET OF VOTING AUTHORITY VALUE SECURITY INVESTMENT OTHER --------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) (SH) DISCRETION MANAGERS SOLE SHARE NONE -------------- ---------------- --------- -------- --------- ---------- -------- ---- --------- ------ EXXON MOBIL CORP COM 30231G102 2,242 26,455 Sole FASTENAL CO COM 311900104 484 11,094 Defined 1 10,966 128 FEDEX CORP COM 31428X106 966 11,572 Defined 1 11,522 50 FLOWSERVE CORP COM 34354P105 289 2,905 Defined 1 2,905 -- FORD MTR CO DEL COM PAR $0.01 345370860 232 21,599 Sole FRANKLIN RES INC COM 354613101 452 4,703 Defined 1 4,703 -- FREEPORT-MCMORAN COPPER & GO COM 35671D857 473 12,846 Defined 1 12,478 368 GALLAGHER ARTHUR J & CO COM 363576109 546 16,317 Defined 1 11,495 4,822 GENERAL CABLE CORP DEL NEW COM 369300108 320 12,780 Defined 1 12,780 -- GENERAL DYNAMICS CORP COM 369550108 306 4,605 Defined 1 4,605 -- GENERAL ELECTRIC CO COM 369604103 17,367 969,687 Defined 1 910,028 59,659 GENERAL ELECTRIC CO COM 369604103 1,048 58,520 Sole GENERAL MLS INC COM 370334104 490 12,120 Defined 1 12,120 -- GERON CORP COM 374163103 28 18,687 Sole GILEAD SCIENCES INC COM 375558103 14,248 348,103 Defined 1 330,548 17,555 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 459 10,050 Defined 1 10,050 -- GOLDMAN SACHS GROUP INC COM 38141G104 374 4,140 Defined 1 4,030 110 GOLDMAN SACHS GROUP INC COM 38141G104 262 2,894 Sole GOOGLE INC CL A 38259P508 958 1,483 Sole GOOGLE INC CL A 38259P508 886 1,371 Defined 1 811 560 GRAINGER W W INC COM 384802104 227 1,215 Defined 1 1,215 -- GREEN MTN COFFEE ROASTERS IN COM 393122106 415 9,245 Defined 1 9,245 -- GREENHAVEN CONT CMDTY INDEX UNIT BEN INT 395258106 233 7,800 Defined 1 7,800 -- HARTFORD FINL SVCS GROUP INC COM 416515104 170 10,490 Defined 1 10,490 -- HCP INC COM 40414L109 437 10,537 Sole HEINZ H J CO COM 423074103 748 13,846 Defined 1 12,596 1,250 HESS CORP COM 42809H107 307 5,413 Defined 1 5,413 -- HEWLETT PACKARD CO COM 428236103 13,629 529,057 Defined 1 496,231 32,826 HEWLETT PACKARD CO COM 428236103 339 13,175 Sole HOME DEPOT INC COM 437076102 33,829 804,682 Defined 1 754,453 50,229 HONEYWELL INTL INC COM 438516106 4,718 86,811 Defined 1 77,181 9,630 HUMANA INC COM 444859102 387 4,412 Sole ILLINOIS TOOL WKS INC COM 452308109 19,547 418,472 Defined 1 388,610 29,862 INGERSOLL-RAND PLC SHS G47791101 284 9,333 Sole INTEL CORP COM 458140100 14,858 612,687 Defined 1 580,710 31,977 INTEL CORP COM 458140100 690 28,440 Sole INTERNATIONAL BUSINESS MACHS COM 459200101 42,892 233,263 Defined 1 220,510 12,753 INTERNATIONAL BUSINESS MACHS COM 459200101 1,101 5,987 Sole INTERNATIONAL FLAVORS&FRAGRA COM 459506101 717 13,680 Defined 1 12,320 1,360 INTUITIVE SURGICAL INC COM NEW 46120E602 399 862 Sole INVESCO VAN KAMP DYN CRDT OP COM 46132R104 159 15,000 Defined 1 -- 15,000 ISHARES INC MSCI EMU INDEX 464286608 537 19,250 Defined 1 19,250 -- ISHARES TR MSCI EAFE INDEX 464287465 25,190 508,588 Defined 1 455,316 53,272 ISHARES TR IBOXX INV CPBD 464287242 12,282 107,960 Defined 1 95,237 12,723 ISHARES TR BARCLYS TIPS BD 464287176 10,575 90,621 Defined 1 80,421 10,200 ISHARES TR BARCLYS 7-10 YR 464287440 8,342 79,022 Defined 1 71,920 7,102 ISHARES TR BARCLYS 1-3 YR 464287457 7,364 87,144 Defined 1 81,283 5,861 ISHARES TR S&P500 GRW 464287309 6,281 93,155 Defined 1 87,845 5,310 ISHARES TR HIGH YLD CORP 464288513 6,208 69,413 Defined 1 65,168 4,245 ISHARES TR COHEN&ST RLTY 464287564 4,634 65,990 Defined 1 63,907 2,083 ISHARES TR S&P 100 IDX FD 464287101 3,232 56,665 Defined 1 55,193 1,472 ISHARES TR MSCI EMERG MKT 464287234 1,887 49,738 Defined 1 39,600 10,138 ISHARES TR S&P MIDCP VALU 464287705 1,855 24,417 Defined 1 21,636 2,781 ISHARES TR S&P MC 400 GRW 464287606 1,708 17,301 Defined 1 15,090 2,211 ISHARES TR S&P SMLCP VALU 464287879 1,672 23,975 Defined 1 20,805 3,170 ISHARES TR S&P SMLCP GROW 464287887 1,353 18,164 Defined 1 15,266 2,898 ISHARES TR RUSSELL MCP GR 464287481 1,224 22,232 Defined 1 20,886 1,346 ISHARES TR S&P GBL INF 464287291 1,113 18,958 Defined 1 18,658 300 ISHARES TR RUSL 2000 GROW 464287648 981 11,646 Defined 1 11,022 624 ISHARES TR RUSSELL MCP VL 464287473 575 13,247 Defined 1 12,561 686 ISHARES TR BARCLY USAGG B 464287226 522 4,736 Defined 1 4,736 -- ISHARES TR BARCLYS 1-3YR CR 464288646 472 4,525 Defined 1 4,525 -- ISHARES TR RUSL 2000 VALU 464287630 358 5,452 Defined 1 5,239 213 ISHARES TR S&P SMLCAP 600 464287804 325 4,756 Defined 1 4,756 -- ISHARES TR RUSSELL 2000 464287655 289 3,913 Defined 1 1,043 2,870 ISHARES TR S&P 500 INDEX 464287200 254 2,013 Defined 1 2,013 -- ISHARES TR S&P MIDCAP 400 464287507 240 2,736 Defined 1 2,736 -- JACOBS ENGR GROUP INC DEL COM 469814107 308 7,600 Defined 1 7,600 -- JOHNSON & JOHNSON COM 478160104 39,149 596,964 Defined 1 559,740 37,224 JOHNSON & JOHNSON COM 478160104 1,102 16,792 Sole JOHNSON CTLS INC COM 478366107 927 29,641 Defined 1 29,641 -- JPMORGAN CHASE & CO COM 46625H100 24,945 750,233 Defined 1 703,832 46,401 JPMORGAN CHASE & CO COM 46625H100 752 22,607 Sole KELLOGG CO COM 487836108 227 4,488 Defined 1 4,413 75 KIMBERLY CLARK CORP COM 494368103 2,590 35,209 Defined 1 32,159 3,050 KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 401 4,720 Defined 1 4,720 -- KOHLS CORP COM 500255104 341 6,900 Sole KRAFT FOODS INC CL A 50075N104 3,690 98,776 Defined 1 93,052 5,724 KRAFT FOODS INC CL A 50075N104 353 9,454 Sole L-3 COMMUNICATIONS HLDGS INC COM 502424104 8,147 122,177 Defined 1 115,892 6,285 LAKELAND BANCORP INC COM 511637100 850 98,611 Defined 1 98,611 -- LEXICON PHARMACEUTICALS INC COM 528872104 56 43,611 Sole LILLY ELI & CO COM 532457108 466 11,224 Defined 1 10,974 250 LINCOLN ELEC HLDGS INC COM 533900106 360 9,210 Defined 1 9,210 -- LINCOLN NATL CORP IND COM 534187109 206 10,594 Defined 1 9,958 636 LINEAR TECHNOLOGY CORP COM 535678106 323 10,740 Defined 1 9,480 1,260 LOCKHEED MARTIN CORP COM 539830109 3,224 39,849 Defined 1 38,429 1,420 LORILLARD INC COM 544147101 3,429 30,078 Defined 1 29,068 1,010 LOWES COS INC COM 548661107 674 26,550 Defined 1 26,100 450 MANNKIND CORP COM 56400P201 52 20,987 Sole MARATHON OIL CORP COM 565849106 22,285 761,376 Defined 1 721,896 39,480 MARATHON PETE CORP COM 56585A102 2,232 67,038 Defined 1 65,323 1,715 MASCO CORP COM 574599106 129 12,280 Defined 1 12,280 -- MASTERCARD INC CL A 57636Q104 220 591 Sole MCCORMICK & CO INC COM NON VTG 579780206 1,085 21,528 Defined 1 20,353 1,175 MCDONALDS CORP COM 580135101 16,193 161,394 Defined 1 147,573 13,821 MCDONALDS CORP COM 580135101 569 5,668 Sole MEDCO HEALTH SOLUTIONS INC COM 58405U102 2,365 42,307 Defined 1 37,829 4,478 MEDTRONIC INC COM 585055106 4,955 129,555 Defined 1 118,827 10,728 MERCK & CO INC NEW COM 58933Y105 23,945 635,158 Defined 1 569,224 65,934 MERCK & CO INC NEW COM 58933Y105 709 18,810 Sole METLIFE INC COM 59156R108 508 16,288 Defined 1 16,288 -- MFA FINANCIAL INC COM 55272X102 77 11,428 Sole MICROMET INC COM 59509C105 90 12,462 Sole MICROSOFT CORP COM 594918104 34,686 1,336,136 Defined 1 1,252,480 83,656 MICROSOFT CORP COM 594918104 1,149 44,274 Sole

FAIR AMOUNT MARKET OF VOTING AUTHORITY VALUE SECURITY INVESTMENT OTHER -------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) (SH) DISCRETION MANAGERS SOLE SHARE NONE -------------- ---------------- --------- --------- -------- ---------- -------- ---- ------- ------- MOHAWK INDS INC COM 608190104 286 4,779 Defined 1 4,650 129 MONSANTO CO NEW COM 61166W101 3,128 44,647 Defined 1 41,513 3,134 MOTOROLA SOLUTIONS INC COM NEW 620076307 430 9,300 Sole NATIONAL FUEL GAS CO N J COM 636180101 278 5,000 Defined 1 5,000 -- NATIONAL OILWELL VARCO INC COM 637071101 555 8,162 Defined 1 7,562 600 NEW YORK TIMES CO CL A 650111107 114 14,800 Defined 1 14,800 -- NEWS CORP CL A 65248E104 194 10,892 Sole NEXTERA ENERGY INC COM 65339F101 4,468 73,389 Defined 1 70,829 2,560 NIKE INC CL B 654106103 3,886 40,322 Defined 1 37,067 3,255 NIKE INC CL B 654106103 244 2,537 Sole NORFOLK SOUTHERN CORP COM 655844108 4,134 56,744 Defined 1 49,563 7,181 NOVARTIS A G SPONSORED ADR 66987V109 1,310 22,920 Defined 1 14,640 8,280 NOVO-NORDISK A S ADR 670100205 938 8,135 Defined 1 7,135 1,000 NUCOR CORP COM 670346105 435 10,993 Defined 1 10,193 800 ORACLE CORP COM 68389X105 18,246 711,334 Defined 1 673,869 37,465 ORACLE CORP COM 68389X105 743 28,949 Sole PALL CORP COM 696429307 325 5,690 Defined 1 5,690 -- PAYCHEX INC COM 704326107 267 8,858 Defined 1 7,298 1,560 PEABODY ENERGY CORP COM 704549104 219 6,604 Sole PENNICHUCK CORP COM NEW 708254206 2,046 70,964 Defined 1 26,522 44,442 PEOPLES UNITED FINANCIAL INC COM 712704105 445 34,593 Defined 1 23,107 11,486 PEPSICO INC COM 713448108 17,493 263,646 Defined 1 246,828 16,818 PFIZER INC COM 717081103 12,698 586,780 Defined 1 528,179 58,601 PFIZER INC COM 717081103 1,045 48,283 Sole PG&E CORP COM 69331C108 542 13,150 Defined 1 11,925 1,225 PHARMASSET INC COM 71715N106 253 1,975 Sole PHILIP MORRIS INTL INC COM 718172109 18,972 241,745 Defined 1 228,863 12,882 PIMCO CORPORATE OPP FD COM 72201B101 174 10,000 Defined 1 -- 10,000 PIMCO INCOME STRATEGY FUND I COM 72201J104 98 10,760 Defined 1 300 10,460 PNC FINL SVCS GROUP INC COM 693475105 6,761 117,242 Defined 1 111,272 5,970 POWERSHARES ETF TRUST DWA TECH LDRS 73935X153 323 13,545 Defined 1 -- 13,545 PRAXAIR INC COM 74005P104 2,459 23,002 Defined 1 18,533 4,469 PRECISION CASTPARTS CORP COM 740189105 330 2,005 Defined 1 2,005 -- PRICE T ROWE GROUP INC COM 74144T108 704 12,356 Defined 1 12,231 125 PRICE T ROWE GROUP INC COM 74144T108 379 6,653 Sole PROCTER & GAMBLE CO COM 742718109 43,062 645,517 Defined 1 615,147 30,370 PROCTER & GAMBLE CO COM 742718109 1,033 15,481 Sole PROGRESS ENERGY INC COM 743263105 344 6,135 Defined 1 6,135 -- PRUDENTIAL FINL INC COM 744320102 222 4,436 Defined 1 4,361 75 PUBLIC SVC ENTERPRISE GROUP COM 744573106 283 8,565 Defined 1 5,365 3,200 QUALCOMM INC COM 747525103 14,411 263,453 Defined 1 249,603 13,850 QUALCOMM INC COM 747525103 493 9,012 Sole QUEST DIAGNOSTICS INC COM 74834L100 4,114 70,850 Defined 1 64,099 6,751 REPUBLIC SVCS INC COM 760759100 280 10,181 Sole ROCKVILLE FINL INC NEW COM 774188106 295 28,438 Defined 1 28,438 -- ROCKWELL AUTOMATION INC COM 773903109 395 5,382 Defined 1 5,317 65 ROYAL BK CDA MONTREAL QUE COM 780087102 333 6,530 Defined 1 6,530 -- ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 1,511 20,673 Defined 1 15,135 5,538 SCANA CORP NEW COM 80589M102 256 5,672 Defined 1 4,472 1,200 SCHLUMBERGER LTD COM 806857108 3,252 47,607 Defined 1 44,943 2,664 SCHLUMBERGER LTD COM 806857108 496 7,254 Sole SCORPIO TANKERS INC SHS Y7542C106 173 35,467 Defined 1 12,467 23,000 SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1,303 51,200 Defined 1 16,200 35,000 SEMPRA ENERGY COM 816851109 5,014 91,171 Defined 1 84,684 6,487 SHERWIN WILLIAMS CO COM 824348106 549 6,148 Defined 1 6,148 -- SIGMA ALDRICH CORP COM 826552101 4,958 79,377 Defined 1 73,738 5,639 SILICON IMAGE INC COM 82705T102 55 11,699 Sole SMUCKER J M CO COM NEW 832696405 247 3,162 Sole SOUTHERN CO COM 842587107 11,172 241,352 Defined 1 227,600 13,752 SOUTHERN CO COM 842587107 206 4,454 Sole SOUTHWESTERN ENERGY CO COM 845467109 251 7,853 Sole SPDR GOLD TRUST GOLD SHS 78463V107 64,353 423,404 Defined 1 398,801 24,603 SPDR S&P 500 ETF TR TR UNIT 78462F103 47,540 378,804 Defined 1 323,794 55,010 SPECTRA ENERGY CORP COM 847560109 8,251 268,320 Defined 1 253,890 14,430 SPRINT NEXTEL CORP COM SER 1 852061100 181 77,347 Sole ST JUDE MED INC COM 790849103 436 12,699 Defined 1 12,699 -- STANLEY BLACK & DECKER INC COM 854502101 291 4,312 Sole STAPLES INC COM 855030102 568 40,868 Defined 1 40,668 200 STARBUCKS CORP COM 855244109 14,535 315,914 Defined 1 298,374 17,540 STATE STR CORP COM 857477103 4,325 107,286 Defined 1 98,097 9,189 STRYKER CORP COM 863667101 2,107 42,382 Defined 1 39,027 3,355 SYNGENTA AG SPONSORED ADR 87160A100 1,090 18,487 Defined 1 14,087 4,400 SYSCO CORP COM 871829107 9,883 336,969 Defined 1 320,844 16,125 TALISMAN ENERGY INC COM 87425E103 206 16,191 Defined 1 16,191 -- TARGET CORP COM 87612E106 20,738 404,877 Defined 1 383,046 21,831 TECHNE CORP COM 878377100 606 8,874 Defined 1 6,784 2,090 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 630 15,619 Defined 1 14,744 875 TEXAS INSTRS INC COM 882508104 655 22,511 Defined 1 21,661 850 THERMO FISHER SCIENTIFIC INC COM 883556102 499 11,102 Defined 1 10,932 170 TIME WARNER INC COM NEW 887317303 218 6,040 Sole TJX COS INC NEW COM 872540109 202 3,123 Defined 1 2,623 500 TORONTO DOMINION BK ONT COM NEW 891160509 10,970 146,637 Defined 1 16,369 130,268 TRANSOCEAN LTD REG SHS H8817H100 212 5,517 Defined 1 1,087 4,430 TUPPERWARE BRANDS CORP COM 899896104 358 6,390 Defined 1 6,390 -- TYCO INTERNATIONAL LTD SHS H89128104 267 5,706 Defined 1 5,706 -- UGI CORP NEW COM 902681105 1,434 48,792 Defined 1 48,792 -- ULTRA PETROLEUM CORP COM 903914109 1,850 62,432 Defined 1 59,919 2,513 UNION PAC CORP COM 907818108 8,807 83,136 Defined 1 77,173 5,963 UNITED MICROELECTRONICS CORP SPON ADR NEW 910873405 43 20,000 Sole UNITED ONLINE INC COM 911268100 68 12,462 Sole UNITED PARCEL SERVICE INC CL B 911312106 9,335 127,550 Defined 1 87,035 40,515 UNITED PARCEL SERVICE INC CL B 911312106 380 5,197 Sole UNITED TECHNOLOGIES CORP COM 913017109 29,986 410,255 Defined 1 387,923 22,332 UNITEDHEALTH GROUP INC COM 91324P102 7,251 143,081 Defined 1 131,408 11,673 UNITEDHEALTH GROUP INC COM 91324P102 299 5,906 Sole US BANCORP DEL COM NEW 902973304 17,150 633,993 Defined 1 599,691 34,302 VALERO ENERGY CORP NEW COM 91913Y100 11,466 544,701 Defined 1 515,121 29,580 VALLEY NATL BANCORP COM 919794107 148 11,986 Defined 1 11,986 -- VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 777 20,329 Defined 1 6,829 13,500 VANGUARD WORLD FDS FINANCIALS ETF 92204A405 971 35,144 Defined 1 20,694 14,450 VANTAGE DRILLING COMPANY ORD SHS G93205113 50 43,036 Sole VERIZON COMMUNICATIONS INC COM 92343V104 24,774 617,503 Defined 1 569,081 48,422 VERIZON COMMUNICATIONS INC COM 92343V104 608 15,151 Sole VISA INC COM CL A 92826C839 405 3,985 Sole VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 563 20,076 Defined 1 17,561 2,515 WAL MART STORES INC COM 931142103 5,894 98,636 Defined 1 90,446 8,190 WAL MART STORES INC COM 931142103 1,150 19,240 Sole WALGREEN CO COM 931422109 925 27,983 Defined 1 23,915 4,068 WELLS FARGO & CO NEW COM 949746101 20,242 734,459 Defined 1 689,170 45,289 WELLS FARGO & CO NEW COM 949746101 828 30,016 Sole WEYERHAEUSER CO COM 962166104 257 13,774 Sole XEROX CORP COM 984121103 284 35,616 Sole YUM BRANDS INC COM 988498101 16,762 284,055 Defined 1 265,067 18,988 ZIMMER HLDGS INC COM 98956P102 4,526 84,724 Defined 1 75,938 8,786 ---------------- --------- --------- ------- ------- - --- ------- ------- 342 1,701,992