13F-HR 1 form13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2010 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: AKJ Asset Management, LLC Address: 1180 Harker Avenue Palo Alto, CA 94301 Form 13F File Number: 28-10308 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 required items, statements, schedules, lists, and tables, are considered integral parts of this form. Persons Signing this Report on Behalf of Reporting Manager: Name: Kenneth R. Bilodeau, Jr. Title: Manager Phone: 650-326-9090 Signature, Place, and Date of Signing: /s/ Kenneth R. Bilodeau, Jr. Palo Alto, CA 1/12/2011 --------------------------------- --------------------------------- ---------- [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 are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 72 Form 13F Information Table Value Total: $ 118,220 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------ -------------- --------- -------- ----------------- ---------- -------- ------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------ -------------- --------- -------- -------- --- ---- ---------- -------- ---- ------ ------- Apple Computer cs 037833100 230 713 SH SOLE N/A 0 n/a 713 ABM Industries, Inc. cs 000957100 ~~313~~368 ~~14500~~14,000 SH SOLE N/A 0 n/a ~~14500~~14,000 Automatic Data Proc cs 053015103 2,~~539~~807 60,~~409~~659 SH SOLE N/A 0 n/a 60,~~409~~659 Ameren Corp. cs 023608102 ~~944~~807 3328,~~236~~616 SH SOLE N/A 0 n/a 3328,~~236~~616 Amer Electric Power cs 025537101 1,~~140~~121 31,~~460~~160 SH SOLE N/A 0 n/a 31,~~460~~160 AFLAC Inc cs 001055102 2,~~082~~244 4039,~~264~~764 ~~SOLE~~SH ~~N/A 0 n/a 40,264 Agrium Inc F cs 008916108 1,241 16,555~~ SOLE N/A 0 n/a 1639,~~555~~764 Amerigas Partners oa 030975106 1,~~004~~094 22,410 SH SOLE N/A 0 n/a 22,410 Ares Capital Corp. cs 04010L103 ~~450~~402 2824,~~748~~392 SH SOLE N/A 0 n/a 2824,~~748~~392 American Express cs 025816109 ~~683~~689 16,~~257~~057 SH SOLE N/A 0 n/a 16,~~257~~057 Boeing cs 097023105 2,~~678~~627 40,250 SH SOLE N/A 0 n/a 40,250 Bank America cs 060505104 1,~~531~~482 ~~116~~111,~~829~~129 SH SOLE N/A 0 n/a ~~116~~111,~~829~~129 Bristol Myers cs 110122108 2,~~079~~011 7675,~~682~~932 SH SOLE N/A 0 n/a 7675,~~682~~932 CFMack ~~Industries~~Cali ~~Holdng~~RealtyREIT csoa ~~125269100~~554489104 2,~~045~~969 2189,~~415~~800 SH SOLE N/A 0 n/a 2189,~~415~~800 Cisco Systems cs 17275R102 23,~~994~~265 ~~136~~161,~~694~~414 SH SOLE N/A 0 n/a ~~136~~161,~~694~~414 Capitalsource Inc cs 14055X102 ~~458~~572 8580,~~792~~592 SH SOLE N/A 0 n/a 8580,~~792~~592 Chevron Texaco cs 166764100 ~~800~~882 9,~~866~~666 SH SOLE N/A 0 n/a 9,~~866~~666 Dominion Res Inc VA cs 25746U109 1,~~606~~558 36,~~785~~465 SH SOLE N/A 0 n/a 36,~~785~~465 Diebold Incorporated cs 253651103 1,~~606~~655 51,650 SH SOLE N/A 0 n/a 51,650 ~~Du Pont EI De Nemour cs 263534109 2,602 58,325 SOLE N/A 0 n/a 58,325~~ D T E Energy Company cs 233331107 ~~263~~259 5,725 SH SOLE N/A 0 n/a 5,725 Duke Power cs 26441C105 1,~~034~~057 5859,367 SH SOLE N/A 0 n/a 5859,367 I Shares Dow Div ut 464287168 3,~~396~~647 7273,~~508~~149 SH SOLE N/A 0 n/a 7273,~~508~~149 Consolidated Edison cs 209115104 1,~~808~~802 3736,~~497~~347 SH SOLE N/A 0 n/a 3736,~~497~~347 I Share Tr MSCI ut 464287465 2,~~137~~340 3840,~~905~~185 SH SOLE N/A 0 n/a 3840,~~905~~185 Emerson Electric Co cs 291011104 1,~~572~~678 29,~~850~~350 SH SOLE N/A 0 n/a 29,~~850~~350 Nicor Inc. cs 654086107 1,~~464~~563 31,~~961~~306 SH SOLE N/A 0 n/a 31,~~961~~306 General Electric cs 369604103 2,~~145~~372 ~~132~~129,~~002~~683 SH SOLE N/A 0 n/a ~~132~~129,~~002~~683 Great Plains Energy cs 391164100 1,~~456~~479 7776,~~029~~254 SH SOLE N/A 0 n/a 7776,~~029~~254 Health Care REIT oa 42217K106 ~~213~~215 4,507 SH SOLE N/A 0 n/a 4,507 HCP Inc. REIT oa 40414L109 3,~~068~~125 8584,~~283~~938 SH SOLE N/A 0 n/a 8584,~~283~~938 Hawaiian Elec Indus cs 419870100 ~~577~~588 25,~~595~~795 SH SOLE N/A 0 n/a 25,~~595~~795 Hewlett-Packard Co cs 428236103 ~~214~~256 56,082 SH SOLE N/A 0 n/a 56,082 Hospitality Pptys Tr oa 44106M102 1,~~626~~622 7270,~~800~~400 SH SOLE N/A 0 n/a 7270,~~800~~400 Intel cs 458140100 2,~~703~~938 ~~140~~139,~~762~~712 SH SOLE N/A 0 n/a ~~140~~139,~~762~~712 ISharesRussl1000Valu cs 464287598 1,~~180~~297 20,000 SH SOLE N/A 0 n/a 20,000 ISharesRussl 1000 Gr cs 464287614 1,~~307~~457 25,450 SH SOLE N/A 0 n/a 25,450 Johnson and Johnson cs 478160104 1,~~412~~410 22,793 SH SOLE N/A 0 n/a 22,793 JP Morgan Chase cs 46625H100 23,~~955~~266 7776,~~635~~985 SH SOLE N/A 0 n/a 7776,~~635~~985 Kraft Foods cs 50075N104 ~~228~~245 7,~~375~~775 SH SOLE N/A 0 n/a 7,~~375~~775 Kimberly Clark cs 494368103 1,~~826~~716 2827,~~066~~216 SH SOLE N/A 0 n/a 2827,~~066~~216 Kinder Morgan Energy oa 494550106 3,~~903~~961 56,~~980~~380 SH SOLE N/A 0 n/a 56,~~980~~380 Kinder Morgan Mgmt cs 49455U100 1,~~330~~447 2221,~~078~~642 SH SOLE N/A 0 n/a 2221,~~078~~642 Coca-Cola Co. cs 191216100 23,~~999~~226 5149,~~246~~046 SH SOLE N/A 0 n/a 5149,~~246~~046 Lincoln National cs 534187109 1,~~068~~109 4439,~~667~~867 SH SOLE N/A 0 n/a 4439,~~667~~867 Herman Miller Inc cs 600544100 ~~208~~267 10,558 SH SOLE N/A 0 n/a 10,558 3M Company cs 88579Y101 3,~~337~~217 3837,~~482~~282 SH SOLE N/A 0 n/a 3837,~~482~~282 Altria Group Inc cs 02209S103 ~~464~~458 1918,~~320~~600 SH SOLE N/A 0 n/a 1918,~~320~~600 Monsanto Co New Del cs 61166W101 1,~~253~~821 26,150 SH SOLE N/A 0 n/a 26,150 Nveen CA Mn Val Mf cs 67062C107 ~~431~~276 4531,~~532~~932 SH SOLE N/A 0 n/a 4531,~~532~~932 Nucor Corp cs 670346105 2,~~630~~995 68,~~850~~350 SH SOLE N/A 0 n/a 68,~~850~~350 Oracle cs 68389X105 12,~~984~~313 73,900 SH SOLE N/A 0 n/a 73,900 Occidental Pet cs 674599105 226 2,300 SH SOLE N/A 0 n/a 2,300 Paccar cs 693718108 ~~726~~864 15,068 SH SOLE N/A 0 n/a 15,068 Precision Castparts cs 740189105 56,~~862~~332 4645,~~033~~483 SH SOLE N/A 0 n/a 4645,~~033~~483 Pfizer cs 717081103 ~~676~~705 3940,~~390~~290 SH SOLE N/A 0 n/a 3940,~~390~~290 Proctor and Gamble cs 742718109 23,~~976~~184 49,~~617~~491 SH SOLE N/A 0 n/a 49,~~617~~491 Progress Energy Inc cs 743263105 21,~~016~~945 4544,~~385~~735 SH SOLE N/A 0 n/a 4544,~~385~~735 Philip Morris Intnl cs 718172109 ~~1,012~~986 1816,~~070~~850 SH SOLE N/A 0 n/a 1816,~~070~~850 Pinnacle West cs 723484101 ~~820~~853 1920,~~875~~575 SH SOLE N/A 0 n/a 1920,~~875~~575 ~~Patient~~Penn ~~Portal~~West ~~Tech~~Energy Tr cs ~~70322M105~~707885109 43,739 51156,~~600~~307 SH SOLE N/A 0 n/a 51156,~~600~~307 ~~Penn~~Schlumberger ~~West Energy Tr~~ cs ~~707885109~~806857108 ~~3,165~~245 ~~157~~2,~~707~~939 SH SOLE N/A 0 n/a ~~157~~2,~~707~~939

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