13F-HR 1 c56170e13fvhr.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: 12/31/2009 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: Howe Barnes Capital Management, Inc. Address: 222 South Riverside Plaza, 7th Floor Chicago, IL 60606 Form 13F File Number: 28- The 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 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: Ronald A. Sirt Title: Senior Vice President Phone: (312) 655-2906 Signature, Place, and Date of Signing: By: /s/ Ronald A. Sirt City: Chicago, IL 12/31/2009 Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 318 FORM 13F INFORMATION TABLE

TITLE VOTING AUTHORITY ~~TITLE~~ OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ------------------------------- NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE --------------~~----------------~~ -------- --------- -------- ----------- --- ---- ------- ------------ -------- -------- -- ----------- LIBERTY ALL STAR EQUITY ~~FUNDS~~FUND S 530158104 6667 15614.910 SH SOLE 15614.910 3M COMPANY COM 88579y101 ~~6286~~6962 ~~85188~~84216 SH SOLE ~~85188~~84216 1416 200 SH DEFINED 200 AARONS INC CLASS B COM 002535201 ~~295~~259 ~~11205~~9345 SH SOLE ~~11205~~9345 ~~ABB LTD ADR EACH REPR1 CHF2.50 COM 000375204 207 10350 SH SOLE 10350~~ ABBOTT LABORATORIES COM 002824100 ~~2608~~2731 ~~52727~~50600 SH SOLE ~~52727~~50600 ADAMS EXPRESS CO COM 006212104 ~~226~~237 ~~23149~~23498 SH SOLE ~~23149~~23498 ADOBE SYSTEMS INC DEL COM 00724F101 ~~991~~1092 ~~30016~~29716 SH SOLE ~~30016~~29716 AIR PRODUCTS&CHEM COM 009158106 ~~3314~~3435 ~~42719~~42381 SH SOLE ~~42719~~42381 ALLERGAN INC. COM 018490102 ~~383~~425 6750 SH SOLE 6750 ALLIANCE DATA SYSTEMS CORP COM 018581108 ~~269~~213 ~~4410~~3300 SH SOLE ~~4410~~3300 ALLIANCE DISTRS HLDG INC COM COM 01858P105 13 30000 SH SOLE 30000 ALLIANCEBERNSTEIN HLDGS L P UN COM 01881G106 ~~313~~295 ~~11500~~10500 SH SOLE ~~11500~~10500 ALTRIA GROUP INC COM 02209s103 ~~529~~1109 ~~29708~~56499 SH SOLE ~~29708~~56499 AMB PPTY CORP COM 00163t109 ~~542~~555 ~~23650~~21750 SH SOLE ~~23650~~21750 AMERICAN EXPRESS CO COM 025816109 ~~7571~~8485 ~~223353~~209418 SH SOLE ~~223353~~209418 2024 600 SH DEFINED 600 ~~AMERICANCAPITAL~~AMGEN ~~STRATEGIES~~INC ~~LTD~~ COM ~~024937104~~031162100 442591 ~~13912~~45816 SH SOLE ~~13912~~45816 ~~AMGEN~~AMISTAR ~~INC~~CORP COM ~~031162100~~031535107 ~~2686~~0 ~~44606~~44000 SH SOLE ~~44606~~44000 ~~AMISTAR~~AON CORP COM ~~031535107~~037389103 0427 ~~46000~~11149 SH SOLE ~~46000~~11149 ~~AMN~~APACHE ~~HEALTHCARE~~CORP ~~SERVICES~~COM 037411105 2261 21922 SH SOLE 21922 APPLE INC COM ~~001744101~~037833100 ~~110~~576 ~~11600~~2737 SH SOLE ~~11600~~2737 ~~AMSURG~~APPLIED ~~CORP~~MATERIALS INC COM ~~03232P405~~038222105 ~~248~~1402 ~~11700~~100595 SH SOLE ~~11700~~100595 ~~ANNALY~~AT& ~~CAPITAL~~T ~~MANAGEMENTINC~~INC C COM ~~035710409~~00206r102 ~~390~~3849 ~~21531~~137351 SH SOLE ~~21531~~137351 ~~AONCORP~~AUSTRAL PACIFIC ENERGY LTD COM ~~037389103~~052526100 ~~640~~0 ~~15749~~13000 SH SOLE ~~15749~~13000 ~~APACHE~~AUTOMATIC ~~CORP~~DATA PROCESSINGINC COM ~~037411105~~053015103 ~~2026~~483 ~~22072~~11301 SH SOLE ~~22072~~11301 ~~APPLE~~AUTOZONE INC NEV COM ~~037833100~~053332102 ~~772~~954 ~~4167~~6040 SH SOLE ~~4167~~6040 ~~APPLIED~~AVERY ~~MATERIALS~~DENNISON ~~INC~~CORP COM ~~038222105~~053611109 ~~1377~~1712 ~~102930~~46920 SH SOLE ~~102930~~46920 ~~AT&~~AVON TPRODUCTS INC COM ~~00206r102~~054303102 ~~3705~~265 ~~137184~~8425 SH SOLE ~~137184~~8425 ~~AUSTRAL~~BANCSHARES ~~PACIFIC~~HOLDING ~~ENERGY~~CORP ~~LTD~~ COM ~~052526100~~001272899 0 ~~13000~~124179 SH SOLE ~~13000~~124179 ~~AUTOMATIC~~BANK ~~DATA~~HAWAII ~~PROCESSINGINC~~CORP COM ~~053015103~~COM ~~444~~062540109 ~~11301~~381 8116 SH SOLE ~~11301~~8116 ~~AUTOZONE~~BANK ~~INC~~NEW ~~NEV~~YORK MELLONCORP COM ~~053332102~~064058100 ~~897~~729 ~~6140~~26098 SH SOLE ~~6140~~26098 ~~AVERY~~BANK ~~DENNISON~~OF AMERICA CORP COM ~~053611109~~060505104 ~~1725~~2196 ~~47920~~145826 SH SOLE ~~47920~~145826 ~~AVON~~BARCLAYS ~~PRODUCTS~~BANK ~~INC~~PLC PFD IPATH S& COM ~~054303102~~06740C527 ~~286~~718 ~~8425~~21095 SH SOLE ~~8425~~21095

BAXTER INTL INC COM 071813109 414 7071 SH SOLE 7071 BED BATH & BEYOND INC COM 075896100 1527 39572 SH SOLE 39572 BERKSHIRE HATHAWAY CLB COM 084670702 12332 3753 SH SOLE 3753 23 7 SH DEFINED 7 BERKSHIRE HATHAWAY INC DEL CL COM 084670108 5158 52 SH SOLE 52 BEST BUY COMPANY INC COM 086516101 244 6186 SH SOLE 6186 BLACKROCK SR HIGH INCOMEFD INC COM 09255t109 42 12004 SH SOLE 12004 BLACKSTONE GROUP LP COM 09253U108 223 17004 SH SOLE 17004 BOARDWALK PIPELINE PARTNERS LP COM 096627104 795 26500 SH SOLE 26500 BOEING CO COM 097023105 482 8920 SH SOLE 8920 BOSTON PRIVATE BANCORP INC CMN COM 101119105 86 15000 SH SOLE 15000 BP PLC ADR (CNV INTO 6ORD USD0 COM 055622104 2919 50360 SH SOLE 50360 BRE PPTYS INC MARYLAND AREIT COM 05564e106 764 23120 SH SOLE 23120 BRISTOL MYERS SQUIBB COM 110122108 638 25268 SH SOLE 25268 BROADRIDGE FINANCIALSOLUTIONS COM 11133t103 337 14965 SH SOLE 14965 BURLINGTON NORTHERN SANTAFE CO COM 12189t104 6853 69497 SH SOLE 69497 24 250 SH DEFINED 250 CAMPBELL SOUP CO COM 134429109 645 19100 SH SOLE 19100 CANON INC ADR COM 138006309 2892 68339 SH SOLE 68339 CARNIVALCORP PAIRED CTF 1 COM COM 143658300 758 23925 SH SOLE 23925 CASTLE A M & CO COM 148411101 284 20806 SH SOLE 20806 CATERPILLAR INC DEL COM 149123101 2854 50092 SH SOLE 50092 CENTRAL BANCSHARES INC TEX CMT COM 152424107 480 209 SH SOLE 209 CHESAPEAKE ENERGY CORP COM 165167107 745 28800 SH SOLE 28800 CHEVRON CORP COM 166764100 11869 154172 SH SOLE 154172 CHURCH& DWIGHT INC COM 171340102 382 6325 SH SOLE 6325 CISCO SYS INC COM 17275r102 8553 357272 SH SOLE 357272 CITIGROUP INC COM 172967101 82 24969 SH SOLE 24969 CLEARWATER PAPER CORP COM 18538R103 285 5200 SH SOLE 5200 CLOROX CO DEL COM COM 189054109 2778 45555 SH SOLE 45555 CLOUGH GLOBAL OPPORTUNITIES FU COM 18914E106 159 12420 SH SOLE 12420

CMEGROUP INC COM 12572q105 671 2000 SH SOLE 2000 COBRA ELECTRS CORP COM 191042100 16 10000 SH SOLE 10000 COCA COLA CO COM 191216100 1596 28009 SH SOLE 28009 COMCAST CORP NEW CLA COM 20030n101 1737 103028 SH SOLE 103028 COMCAST CORP NEW CLA SPL COM 20030n200 266 16620 SH SOLE 16620 CONOCOPHILLIPS COM 20825c104 3754 73514 SH SOLE 73514 COPART INC COM 217204106 499 13645 SH SOLE 13645 CORNING INC COM 219350105 416 21553 SH SOLE 21553 COSTCO WHOLESALE CORP COM 22160k105 3227 54545 SH SOLE 54545 CVS CAREMARK CORP COM 126650100 3310 102793 SH SOLE 102793 DIRECTV GROUP INC COM 25459l106 1629 48857 SH SOLE 48857 DISCOVER FINL SVCS COM 254709108 216 14700 SH SOLE 14700 DISNEY (WALT) CO COM STK COM 254687106 794 24640 SH SOLE 24640 DOMINION RESOURCES INCVA NEW COM 25746u109 377 9700 SH SOLE 9700 DOVER CORP COM 260003108 632 15200 SH SOLE 15200 DOW CHEMICAL CO COM 260543103 363 13148 SH SOLE 13148 DU PONT E I DE NEMOURS& CO COM 263534109 442 13141 SH SOLE 13141 DUKE ENERGY CORP NEW COM 26441c105 1439 83642 SH SOLE 83642 DYNEGY INC CL A COM COM 26817G102 63 35017 SH SOLE 35017 E M C CORP MASS COM 268648102 219 12559 SH SOLE 12559 EMERITUS CORP COM 291005106 234 12520 SH SOLE 12520 EMERSON ELECTRIC CO COM 291011104 532 12495 SH SOLE 12495 EMPLOYERS HOLDINGS INC COM COM 349 22757 SH SOLE 22757 ENERPLUS RES FD TR UNITSER G N COM 29274d604 223 9750 SH SOLE 9750 ENTERPRISE PRODUCTS PARTNERS COM 293792107 295 9403 SH SOLE 9403 EVIRONMENTAL OIL PROCESSING TE COM 29407q100 0 75000 SH SOLE 75000 EXCEL MARITIME CARRIERS LTD COM V3267N107 63 10300 SH SOLE 10300 EXELON CORP COM 30161n101 402 8239 SH SOLE 8239 EXXON MOBIL CORP COM COM 30231g102 4586 67258 SH SOLE 67258 FAMILY DOLLAR STORES COM 307000109 515 18524 SH SOLE 18524 FARMERS & MERCHANTS BANK LONG COM 308243104 603 159 SH SOLE 159 FEDEX CORP DELAWARE COM COM 31428x106 2952 35385 SH SOLE 35385

FIRST CASH FIN'L SVCS INC (FOR COM 31942D107 353 15920 SH SOLE 15920 FIRST MIDWEST BANCORP INC ILL. COM 320867104 253 23297 SH SOLE 23297 FIRSTENERGY CORP COM 337932107 236 5090 SH SOLE 5090 FMC CORP NEW COM 302491303 362 6500 SH SOLE 6500 FOAMEX INTERNATIONAL INC COM 344123203 0 50000 SH SOLE 50000 FORD MOTOR CO COM COM 345370860 248 24890 SH SOLE 24890 FORMATION METALS INC COM 34637V101 27 16428 SH SOLE 16428 FORTIS SPONS ADR NEW COM 34956J309 38 10000 SH SOLE 10000 FORTUNE BRANDS INC COM 349631101 535 12400 SH SOLE 12400 FRANKLIN RES INC COM 354613101 389 3700 SH SOLE 3700 FREEPRT-MCMRAN CPR & GLD COM 35671d857 1753 21845 SH SOLE 21845 GENERAL ELECTRIC COM 369604103 5568 368011 SH SOLE 368011 GENERAL MILLS COM 370334104 1289 18213 SH SOLE 18213 GENESIS LEASE LTD ADS COM 37183T107 1160 130000 SH SOLE 130000 GENZYME CORP COMFORMERLY COM-G COM 372917104 256 5236 SH SOLE 5236 GILEAD SCIENCES INC COM COM 375558103 2165 50041 SH SOLE 50041 GLADSTONE INVESTMENT CORP COM 376546107 131 28894 SH SOLE 28894 GLAXOSMITHKLINE PLC SPONSOREDA COM 37733w105 515 12200 SH SOLE 12200 GOLDMAN SACHS GROUP INC COM 38141g104 379 2249 SH SOLE 2249 GOOGLE INC CLA COM 38259p508 7705 12429 SH SOLE 12429 18 30 SH DEFINED 30 GP STRATEGIES CORP COM COM 36225V104 75 10000 SH SOLE 10000 GRAINGER W W INC COM 384802104 622 6430 SH SOLE 6430 GROWERS DIRECT COFFEE COM COM 399849108 0 12000 SH SOLE 12000 HAEMONETICS CORP MASS COM 204 3700 SH SOLE 3700 HANCOCK JOHN TAX ADVANTAGEDIVI COM 41013v100 365 28260 SH SOLE 28260 HCC INSURANCE HLDGS INC COM 404132102 265 9500 SH SOLE 9500 HENRY JACK & ASSOC INC COM 426281101 343 14840 SH SOLE 14840 HEWLETT-PACKARD CO DE COM 428236103 3341 64864 SH SOLE 64864 HOME DEPOT INC COM 437076102 860 29732 SH SOLE 29732 HONEYWELL INTL INC COM 438516106 372 9510 SH SOLE 9510

HORMEL FOODS CORP COM COM 256 6663 SH SOLE 6663 HOWE BARNES INVESTMENTS INC COM 355 17 SH SOLE 17 HSBC HOLDINGS PLC SPONS ADR COM 404280406 255 4472 SH SOLE 4472 ILLINOIS TOOL WORKS COM 452308109 437 9114 SH SOLE 9114 IMPERIAL OIL LTD COM NEW COM 204 5294 SH SOLE 5294 INGERSOLL-RAND PLC SHSUSD1 COM g47791101 1035 28964 SH SOLE 28964 INGGROEP NV ADR COM 456837103 1420 144754 SH SOLE 144754 INTEL CORP COM 458140100 4853 237939 SH SOLE 237939 INTERNATIONAL BUSINESS MACHS C COM 459200101 3771 28815 SH SOLE 28815 INTUIT INC COM 461202103 221 7200 SH SOLE 7200 ISHARES BARCLAYS 20+ YEAR TREA COM 464287432 257 2866 SH SOLE 2866 ISHARES MSCI ALL COUNTRY ASIA COM 464288182 4246 76220 SH SOLE 76220 JOHN BEAN TECHNOLOGIES CORP COM 477839104 217 12800 SH SOLE 12800 JOHNSON AND JOHNSON COM COM 478160104 6148 95458 SH SOLE 95458 JOHNSON CTLS INC COM 478366107 295 10839 SH SOLE 10839 JOY GLOBAL INC COM COM 481165108 412 8000 SH SOLE 8000 JPMORGAN CHASE & CO COM 46625h100 1542 37027 SH SOLE 37027 KELLOGG COMPANY COM 487836108 377 7104 SH SOLE 7104 KELSO TECHNOLOGIES INC COM 0 10000 SH SOLE 10000 KIMBERLY CLARK CORP COM 494368103 671 10535 SH SOLE 10535 KKR FINL HLDGS LLC COM 48248a306 70 12200 SH SOLE 12200 KRAFT FOODS INC CLA COM 50075n104 871 32056 SH SOLE 32056 LEGG MASON INC COM 524901105 414 13750 SH SOLE 13750 LEVEL 3 COMMUNICATIONS INC COM COM 52729N100 38 24990 SH SOLE 24990 LIBERTY MEDIA CORP STARZ.COM S COM 53071M708 224 4873 SH SOLE 4873 LIFE TIME FITNESS INC COM 53217R207 228 9150 SH SOLE 9150 LIFEPOINT HOSPS INC COM COM 53219L109 247 7600 SH SOLE 7600 LILLYELI & CO COM 532457108 422 11828 SH SOLE 11828 LKQ CORP COM COM 214 10940 SH SOLE 10940 MAGELLAN HEALTH SVCS INC COM 559079207 268 6600 SH SOLE 6600 MARKET VECTORS HARD ASSETS PRO COM 57060U795 3792 112527 SH SOLE 112527 MC GRAW HILL COMPANIES COM 580645109 562 16785 SH SOLE 16785

MCAFEE INC COM COM 579064106 4232 104338 SH SOLE 104338 8 200 SH DEFINED 200 MCDONALDS CORP COM 580135101 2023 32413 SH SOLE 32413 MCDONNELL DOUGLAS CORP COM 580169100 293 4885 SH SOLE 4885 MDS INC COM COM 313 41000 SH SOLE 41000 MEDCO HEALTH SOLUTIONSINC COM 58405u102 265 4155 SH SOLE 4155 MEDTRONIC INC COM 585055106 938 21337 SH SOLE 21337 MELCO PBL ENTMT MACAU LTD ADR COM 585464100 57 17000 SH SOLE 17000 MERCK & CO INC COM 58933Y105 627 17177 SH SOLE 17177 MERGE HEALTHCARE INC COM 589499102 120 36000 SH SOLE 36000 MFA MTG INVTS INC COM COM 55272X102 192 26165 SH SOLE 26165 MICROSOFT CORPCOM COM 594918104 6244 204869 SH SOLE 204869 MONSANTO CO NEW DEL COM COM 61166w101 2956 36160 SH SOLE 36160 MORGAN STANLEY COM 617446448 257 8710 SH SOLE 8710 MORGAN STANLEY EMERG MKTS FD I COM 61744G107 172 12371 SH SOLE 12371 MOSAIC CO COM 61945a107 467 7835 SH SOLE 7835 NASDAQ PREMIUM INCOME & GROWTH COM 63110R105 221 15396 SH SOLE 15396 NATIONAL LAMPOON INC COM 636637100 20 139700 SH SOLE 139700 NATIONAL PATENT DEV CORP NEW C COM 637132101 51 32000 SH SOLE 32000 NESTLE S A SPONSORED ADR REPST COM 641069406 378 7830 SH SOLE 7830 NICHOLAS APPLEGATE CONV& INCOM COM 65370f101 106 11500 SH SOLE 11500 NOKIA OYJ ADR EACH REPR1 ORD N COM 654902204 1458 113529 SH SOLE 113529 NORFOLK SOUTHERN CRP COM 655844108 222 4240 SH SOLE 4240 NOVARTIS AG ADR-EACH REPR1 CHF COM 66987v109 1321 24285 SH SOLE 24285 NOVATEL WIRELESS INC COM 66987m109 145 18200 SH SOLE 18200 NSTAR COM COM 67019E107 551 14976 SH SOLE 14976 NUVEEN MUNICIPAL VALUE FUND IN COM 670928100 189 19532 SH SOLE 19532 NUVEEN PREMIER INSD MUNI INCOM COM 670987106 145 10500 SH SOLE 10500 OMNICELL INC COM 68213N109 128 11000 SH SOLE 11000 ORACLE CORPORATION COM 68389x105 16100 656345 SH SOLE 656345 49 2000 SH DEFINED 2000

ORBITALSCIENCES CORP COM 685564106 175 11500 SH SOLE 11500 O'REILLY AUTOMOTIVE INC COM 686091109 544 14290 SH SOLE 14290 PACIFIC PREMIER BANCORP COM COM 69478X105 101 30000 SH SOLE 30000 PATTERSON COS INC COM 703395103 1978 70700 SH SOLE 70700 PEPSICO INC COM 713448108 3691 60721 SH SOLE 60721 PETROLEO BRASILEIRO SAPETROBRA COM 71654v408 277 5820 SH SOLE 5820 PFIZER INC DEL PV$0.05 COM 717081103 3491 191954 SH SOLE 191954 PG & E CORP COM 69331c108 215 4829 SH SOLE 4829 PHILIP MORRIS INTL INCCOM COM 718172109 1593 33062 SH SOLE 33062 PLUMAS BANCORP COM COM 729273102 53 17990 SH SOLE 17990 POWERSHS DB US DOLLAR DOLL IND COM 314 13638 SH SOLE 13638 PRE PAID LEGAL SVCS INC COM COM 740065107 1178 28700 SH SOLE 28700 PRIVATEBANCORP INC CMN COM 742962103 238 26643 SH SOLE 26643 PROCTER & GAMBLE CO COM 742718109 6443 106279 SH SOLE 106279 PSS WORLD MEDICAL INC COM 69366A100 206 9145 SH SOLE 9145 QUEST DIAGNOSTICS INC COM 74834l100 2045 33870 SH SOLE 33870 QUESTCOR PHARMACEUTICALS CORP COM 74835Y101 94 19963 SH SOLE 19963 READING INTL INC CL A COM 755408101 3996 986769 SH SOLE 986769 10 2700 SH DEFINED 2700 REALTY INCOME CORP COMMON STOC COM 756109104 233 9000 SH SOLE 9000 RESEARCH IN MOTION COMNPV ISIN COM 760975102 973 14411 SH SOLE 14411 RESOURCES CONNECTION INC COM 76122q105 209 9865 SH SOLE 9865 RITE AID CORP COM 767754104 31 20585 SH SOLE 20585 ROCKWELL MED TECH INC COM 774374102 595 77500 SH SOLE 77500 ROYAL DUTCH SHELL ADREA REP 2 COM 780259206 1612 26832 SH SOLE 26832 RYLAND OIL CORP COM 78376R102 7 15000 SH SOLE 15000 SAMSON OIL & GAS LTD ADR COM 796043107 0 410444 SH SOLE 410444 SANSWIRE CORP COM COM 801077108 1 14000 SH SOLE 14000 SARA LEE CORP COM 803111103 326 26829 SH SOLE 26829 SCHIMATIC TECH INC COM 806732103 0 10000 SH SOLE 10000 SCHLUMBERGER LIMITED COMSTK US COM 806857108 488 7500 SH SOLE 7500 SCHWAB CHARLES CP NEW COM COM 808513105 285 15147 SH SOLE 15147

SCOTTISH POWER PLC SPONSORED A COM 81013T705 94 10000 SH SOLE 10000 SEI INVESTMENTS CO COM COM 784117103 4297 245279 SH SOLE 245279 SERVICE MERCHANDISE ESCROW COM 8175879c4 0 25000 SH SOLE 25000 SHERWIN WILLIAMS CO COM 824348106 455 7393 SH SOLE 7393 SILICON LABORATORIES INC COM 826919102 419 8670 SH SOLE 8670 SKY WEST INC COM COM 830879102 191 11300 SH SOLE 11300 SOURCE CAP INC COM 836144105 4101 95583 SH SOLE 95583 12 300 SH DEFINED 300 SPECTRUM CONTROL INC COM 847615101 94 10000 SH SOLE 10000 SPRINT NEXTEL CORP COM FON COM 852061100 57 15580 SH SOLE 15580 ST JUDE MEDICAL INC COM 790849103 696 18939 SH SOLE 18939 STANDARD CHARTERED PLC COM G84228157 248 10000 SH SOLE 10000 STAPLES INC COM 855030102 5523 224615 SH SOLE 224615 STATE STREET CORP COM 857477103 566 13019 SH SOLE 13019 STERICYCLE INC COM 858912108 1165 21125 SH SOLE 21125 STORM EXPLORATION INC COM 86217p102 167 13500 SH SOLE 13500 SUN MICROSYSTEMS INC COMNEW COM 866810203 107 11525 SH SOLE 11525 SURETY CAPITAL CORP-NEW COM 868666207 0 16600 SH SOLE 16600 SYSCO CORP COM 871829107 1028 36808 SH SOLE 36808 TARGET CORP COM COM 87612e106 2711 56053 SH SOLE 56053 TELEDYNE TECHNOLOGIES INC COM COM 879360105 218 5700 SH SOLE 5700 TELLABSINC COM 879664100 139 24500 SH SOLE 24500 TEXAS INSTRUMENTS INC COM 882508104 1933 74200 SH SOLE 74200 THERMO FISHER SCIENTIFICINC COM 883556102 956 20048 SH SOLE 20048 THOMSON REUTERS CORP COM 884903105 287 8928 SH SOLE 8928 TORONTO DOMINION BK ONT COM NE COM 891160509 244 3894 SH SOLE 3894 TOTAL ADR EACH REP 1 ORDSHS EU COM 89151e109 285 4452 SH SOLE 4452 TYCO ELECTRONICS LTD COMCHF2.6 COM h8912p106 1209 49280 SH SOLE 49280 TYCO INTERNATIONAL LTD(SWITZER COM h89128104 1736 48663 SH SOLE 48663 UCBH HLDGS INC COM 90262t308 3 112600 SH SOLE 112600 ULTRA FINANCIAL PROSHRS COM 74347R743 281 50000 SH SOLE 50000

ULTRA PURE WATER TECH COM 90388Q105 6 135000 SH SOLE 135000 UNILEVER N V ISIN#US9047847093 COM 904784709 262 8130 SH SOLE 8130 UNION PACIFIC CORP COM 907818108 873 13663 SH SOLE 13663 UNITED PARCEL SVC INCCL B COM 911312106 221 3855 SH SOLE 3855 UNITED TECHS CORP COM COM 913017109 7792 112269 SH SOLE 112269 UNITEDHEALTH GROUP COM 91324p102 1208 39645 SH SOLE 39645 US BANCORP (NEW) COM 902973304 3231 143572 SH SOLE 143572 US NATURAL GAS FUND LP COM 912318102 114 11400 SH SOLE 11400 VAALCO ENERGY INC COM 91851C201 87 19300 SH SOLE 19300 VALASSIS COMMUNICATIONS INC COM 918866104 189 10400 SH SOLE 10400 VARIAN INC COM COM 922206107 311 6050 SH SOLE 6050 VASAMED INC - RESTRICTED COM 003721733 2 14233 SH SOLE 14233 VERISIGN INC COM 92343e102 641 26476 SH SOLE 26476 VERIZON COMMUNICATIONS COM 92343v104 873 26375 SH SOLE 26375 VIACOMINC NEW CL B COM 92553p201 599 20180 SH SOLE 20180 VIRAGEN INC COM 927638403 0 14800 SH SOLE 14800 WAL-MART STORES INC COM 931142103 806 15097 SH SOLE 15097 WALGREEN COMPANY COM 931422109 2271 61866 SH SOLE 61866 WD 40 CO COM 929236107 734 22700 SH SOLE 22700 WELLS FARGO & CO NEW DEL COM 949746101 12661 469118 SH SOLE 469118 WESTERN UNION CO COM COM 959802109 276 14651 SH SOLE 14651 WHITE ELECTRONIC DESIGNS CORP COM 963801105 66 14200 SH SOLE 14200 WILLIAMS PARTNERS LP COM 96950F104 264 8627 SH SOLE 8627 WILLIAMSCOS INC COM 969457100 386 18350 SH SOLE 18350 WINDSTREAMCORP COM COM 97381w104 148 13540 SH SOLE 13540 WING HANG BANK LTD SHS ISIN#HK COM Y9588K109 1402 150000 SH SOLE 150000 WORLD ACCEPTANCE CORP COM 981419104 207 5800 SH SOLE 5800 XEROXCORP COM 984121103 863 102090 SH SOLE 102090 ZEP INC COM 98944B108 202 11700 SH SOLE 11700 ZIMMER HLDGS INC COM 98956p102 2100 35531 SH SOLE 35531 BUCKEYE PARTNERS L.P LPUS 118230101 1007 18500.000 SH SOLE 18500.000 CEDAR FAIR, L.P.DEP UNIT LPUS 150185106 391 34333.000 SH SOLE 34333.000

ENBRIDGE ENERGY PARTNERSLP LPUS 29250r106 467 8700.000 SH SOLE 8700.000 KINDER MORGAN ENERGY PARTNERS LPUS 494550106 2022 33166.000 SH SOLE 33166.000 MAGNETIC PULSE INC PFD SER C PRD 558998951 12 12000 SH SOLE 12000 PRIVATEBANC CAP 9.50% TR I 12/ PRD 74268e200 885 39200 SH SOLE 39200 US BANCORP DEL PFD1/1000SER D PRD 225 8124 SH SOLE 8124 ICBA CAP MKT TR SER 1 CASH 00767p396 41 14327.0000 SH SOLE 14327.0000 ISHARES TR DOW JONES US ENERGY 464287796 204 6145.1500 SH SOLE 6145.1500 ISHARES TR DOW JONES US HEALTH 464287762 310 4866.8782 SH SOLE 4866.8782 ISHARES TR DOW JONES US INDL S 464287754 340 6415.7000 SH SOLE 6415.7000 ISHARES TR DOW JONES USTECHNOL 464287721 521 9058.8870 SH SOLE 9058.8870 ISHARES TR GOLDMAN SACHS NAT R 464287374 346 10111.0000 SH SOLE 10111.0000 ISHARES TR MSCIEAFE INDEX FD 464287465 900 16298.2115 SH SOLE 16298.2115 ISHARES TR MSCIEMERGING MKTS I 464287234 235 5682.2980 SH SOLE 5682.2980 ISHARES TR NASDAQ BIOTECHNOLOG 464287556 536 6560.1510 SH SOLE 6560.1510 ISHARES TR RUSSELL 1000GROWTH 464287614 245 4932.5700 SH SOLE 4932.5700 ISHARES TR RUSSELL 2000INDEX F 464287655 320 5136.7487 SH SOLE 5136.7487 ISHARES TR RUSSELL MIDCAPINDEX 464287499 396 4805.0392 SH SOLE 4805.0392 ISHARES TR S&P 500 INDEXFD 464287200 365 3270.6510 SH SOLE 3270.6510 ISHARES TR S&P EUROPE350 INDEX 464287861 273 7013.8670 SH SOLE 7013.8670 ISHARES TR S&P GLOBALCLEAN ENE 464288224 582 26150.0000 SH SOLE 26150.0000 ISHARES TR S&P500 GRW 234 4051.4290 SH SOLE 4051.4290 MARKET VECTOR GOLD MINERS 57060U100 286 6204.8260 SH SOLE 6204.8260 MUNICIPAL INVT TR FD UT MUN DE 62624v859 30 50265.0000 SH SOLE 50265.0000 S & P 500 DEPOSITORY RECEIPT 78462f103 1034 9283.0000 SH SOLE 9283.0000 SECTOR SPDR TR SHS BENINT FINA 81369y605 376 26127.1750 SH SOLE 26127.1750 SPDR GOLD TR GOLD SHS 78463v107 676 6304.0000 SH SOLE 6304.0000 SPDR SER TR S&PBIOTECH ETF 78464a870 2626 48966.0420 SH SOLE 1095.0000 47871.0420 VANGUARD EMERGING MKTSVIPERS 922042858 6748 164604.4660 SH SOLE 2044.0000 162560.4660 VANGUARD INDEX FDS FORMERLYVAN 922908553 2447 54699.3070 SH SOLE 4711.0000 49988.3070 VANGUARD INDEX FDS GROWTH ETF 922908736 209 3940.0000 SH SOLE 3940.0000 VANGUARD INDEX FDS VANGUARDMID 922908629 5912 98615.6560 SH SOLE 98615.6560

VANGUARD INDEX FDS VANGUARDSMA 922908751 3309 57706.6940 SH SOLE 57706.6940 VANGUARD INTL EQUITY INDEXFD I 922042775 13280 304536.9090 SH SOLE 304536.9090 VANGUARD SECTOR INDEXFDS CONSU 92204a108 3159 67547.1170 SH SOLE 67547.1170 VANGUARD SECTOR INDEXFDS CONSU 92204a207 3818 58125.0330 SH SOLE 58125.0330 VANGUARD SECTOR INDEXFDS VANGU 92204a306 3972 47652.0218 SH SOLE 47652.0218 VANGUARD SECTOR INDEXFDS VANGU 92204a405 3928 135284.7270 SH SOLE 135284.7270 VANGUARD SECTOR INDEXFDS VANGU 92204a504 4939 91153.3140 SH SOLE 91153.3140 VANGUARD SECTOR INDEXFDS VANGU 92204a603 4010 77747.9710 SH SOLE 77747.9710 VANGUARD SECTOR INDEXFDS VANGU 92204a702 5913 107774.2324 SH SOLE 107774.2324 VANGUARD SECTOR INDEXFDS VANGU 92204a801 1890 27875.6426 SH SOLE 27875.6426 VANGUARD WHITEHALL FDSHIGH DIV 921946406 397 10462.9780 SH SOLE 10462.9780

Filing Compare · Howe Barnes Capital Management, Inc.