13F-HR 1 form13fhr.txt NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2011 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: 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 submission. 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 1/6/2012 --------------------------------- --------------------------------- ---------- [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 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: $ 120,980 -------------- (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 csCOM 037833100 ~~243~~267 ~~637~~660 SH SOLE N/A 0 n/a ~~637~~660 ABM Industries, Inc. csCOM 000957100 ~~248~~268 13,000 SH SOLE N/A 0 n/a 13,000 Automatic Data Proc csCOM 053015103 2,~~773~~912 5853,~~809~~909 SH SOLE N/A 0 n/a 5853,~~809~~909 Ameren Corp. csCOM 023608102 ~~833~~901 27,~~966~~186 SH SOLE N/A 0 n/a 27,~~966~~186 Amer Electric Power csCOM 025537101 1,~~298~~410 34,135 SH SOLE N/A 0 n/a 34,135 AFLAC Inc csCOM 001055102 1,~~325~~616 37,~~914~~364 SH SOLE N/A 0 n/a 37,~~914~~364 Amerigas Partners oa 030975106 1,~~114~~117 2524,323 SH SOLE N/A 0 n/a 2524,323 Ares Capital Corp. csCOM 04010L103 ~~320~~334 2321,~~209~~620 SH SOLE N/A 0 n/a 2321,~~209~~620 American Express csCOM 025816109 ~~564~~592 12,557 SH SOLE N/A 0 n/a 12,557 Boeing csCOM 097023105 2,~~399~~765 3937,~~650~~700 SH SOLE N/A 0 n/a 3937,~~650~~700 Bank America csCOM 060505104 ~~636~~515 ~~103~~92,~~884~~634 SH SOLE N/A 0 n/a ~~103~~92,~~884~~634 BP PLC ADR csCOM 055622104 2,~~051~~402 56,~~850~~200 SH SOLE N/A 0 n/a 56,~~850~~200 Conagra Foods Inc. csCOM 205887102 ~~576~~691 2326,~~765~~165 SH SOLE N/A 0 n/a 2326,~~765~~165 Caterpillar Inc. csCOM 149123101 2,~~260~~713 3029,~~600~~950 SH SOLE N/A 0 n/a 3029,~~600~~950 Mack Cali RealtyREIT oa 554489104 2,~~534~~213 9482,~~730~~905 SH SOLE N/A 0 n/a 9482,~~730~~905 Cisco Systems csCOM 17275R102 2,~~516~~902 ~~162~~160,~~344~~494 SH SOLE N/A 0 n/a ~~162~~160,~~344~~494 Capitalsource Inc csCOM 14055X102 ~~472~~458 7668,~~892~~292 SH SOLE N/A 0 n/a 7668,~~892~~292 Dominion Res Inc VA csCOM 25746U109 1,~~910~~912 3736,~~615~~015 SH SOLE N/A 0 n/a 3736,~~615~~015 Diebold Incorporated csCOM 253651103 1,~~400~~490 5049,~~900~~550 SH SOLE N/A 0 n/a 5049,~~900~~550 D T E Energy Company csCOM 233331107 ~~281~~312 5,725 SH SOLE N/A 0 n/a 5,725 Duke Power csCOM 26441C105 1,~~099~~209 54,967 SH SOLE N/A 0 n/a 54,967 I Shares Dow Div ut 464287168 34,~~853~~244 7978,~~869~~932 SH SOLE N/A 0 n/a 7978,~~869~~932 Consolidated Edison csCOM 209115104 2,~~001~~129 3534,~~097~~322 SH SOLE N/A 0 n/a 3534,~~097~~322 I Share Tr MSCI ut 464287465 2,~~059~~078 4341,~~083~~958 SH SOLE N/A 0 n/a 4341,~~083~~958 Emerson Electric Co csCOM 291011104 2,~~256~~541 54,~~600~~550 SH SOLE N/A 0 n/a 54,~~600~~550 General Electric csCOM 369604103 12,~~975~~248 ~~129~~125,~~733~~533 SH SOLE N/A 0 n/a ~~129~~125,~~733~~533 Great Plains Energy csCOM 391164100 1,~~671~~860 8685,~~604~~404 SH SOLE N/A 0 n/a 8685,~~604~~404 Health Care REIT oa 42217K106 ~~211~~246 4,507 SH SOLE N/A 0 n/a 4,507 HCP Inc. REIT oa 40414L109 3,~~062~~573 8786,~~338~~238 SH SOLE N/A 0 n/a 8786,~~338~~238 Hawaiian Elec Indus csCOM 419870100 ~~605~~627 2423,~~920~~670 SH SOLE N/A 0 n/a 2423,~~920~~670 Hospitality Pptys Tr oa 44106M102 1,~~577~~664 7472,~~275~~425 SH SOLE N/A 0 n/a 7472,~~275~~425 iShares iBoxx HY Cor csCOM 464288513 ~~237~~238 2,~~865~~665 SH SOLE N/A 0 n/a 2,~~865~~665 Intel csCOM 458140100 23,~~919~~280 ~~136~~135,~~812~~268 SH SOLE N/A 0 n/a ~~136~~135,~~812~~268 ISharesRussl1000Valu csCOM 464287598 1,~~132~~270 20,000 SH SOLE N/A 0 n/a 20,000 ISharesRussl 1000 Gr csCOM 464287614 1,~~338~~471 25,450 SH SOLE N/A 0 n/a 25,450 Johnson and Johnson csCOM 478160104 1,~~439~~482 22,593 SH SOLE N/A 0 n/a 22,593 JP Morgan Chase csCOM 46625H100 2,~~250~~442 7473,~~685~~435 SH SOLE N/A 0 n/a 7473,~~685~~435 Kraft Foods csCOM 50075N104 ~~250~~278 7,450 SH SOLE N/A 0 n/a 7,450 Kinder Morgan Hold csCOM 49455B101 1,~~165~~440 4544,~~000~~750 SH SOLE N/A 0 n/a 4544,~~000~~750 Kinder Morgan Energy oa 494550106 34,~~753~~560 5453,~~880~~680 SH SOLE N/A 0 n/a 5453,~~880~~680 Kinder Morgan Mgmt csCOM 49455U100 1,~~338~~822 2223,~~798~~199 SH SOLE N/A 0 n/a 2223,~~798~~199 Coca-Cola Co. csCOM 191216100 3,~~246~~341 4847,~~046~~746 SH SOLE N/A 0 n/a 4847,~~046~~746 Lincoln National csCOM 534187109 ~~576~~655 3633,~~867~~717 SH SOLE N/A 0 n/a 3633,~~867~~717 Herman Miller Inc csCOM 600544100 ~~189~~195 10,558 SH SOLE N/A 0 n/a 10,558 3M Company csCOM 88579Y101 2,~~630~~965 36,~~632~~282 SH SOLE N/A 0 n/a 36,~~632~~282 Altria Group Inc csCOM 02209S103 ~~458~~480 1716,~~075~~175 SH SOLE N/A 0 n/a 1716,~~075~~175 Marathon Pete Corp csCOM 56585A102 ~~914~~1,076 3332,~~770~~325 SH SOLE N/A 0 n/a 3332,~~770~~325 Marathon Oil Corp csCOM 565849106 1,~~408~~892 6564,~~250~~650 SH SOLE N/A 0 n/a 6564,~~250~~650 Nveen CA Mn Val Mf csCOM 67062C107 ~~879~~945 9799,~~132~~332 SH SOLE N/A 0 n/a 9799,~~132~~332 Nucor Corp csCOM 670346105 2,~~224~~562 7064,~~300~~750 SH SOLE N/A 0 n/a 7064,~~300~~750 O G E Energy Cp Hldg csCOM 670837103 ~~637~~755 13,320 SH SOLE N/A 0 n/a 13,320 Oracle csCOM 68389X105 21,~~107~~838 7371,650 SH SOLE N/A 0 n/a 71,650 Occidental Pet COM 674599105 216 2,300 SH SOLE N/A 0 n/a 732,300 Precision Castparts csCOM 740189105 6,~~639~~568 4239,~~708~~858 SH SOLE N/A 0 n/a 4239,~~708~~858 Pfizer csCOM 717081103 1,~~114~~430 6366,~~000~~100 SH SOLE N/A 0 n/a 6366,~~000~~100 Proctor and Gamble csCOM 742718109 3,~~312~~423 5251,~~416~~316 SH SOLE N/A 0 n/a 5251,~~416~~316 Progress Energy Inc csCOM 743263105 2,~~250~~379 4342,~~510~~460 SH SOLE N/A 0 n/a 4342,~~510~~460 Philip Morris Intnl csCOM 718172109 ~~934~~1,081 1413,~~975~~775 SH SOLE N/A 0 n/a 1413,~~975~~775 Pinnacle West csCOM 723484101 ~~933~~1,059 21,~~725~~975 SH SOLE N/A 0 n/a 21,~~725~~975 Penn West Pete Ltd csCOM 707887105 2,~~248~~953 ~~152~~149,~~167~~147 SH SOLE N/A 0 n/a ~~152~~149,~~167 Scana Corporation cs 80589M102 2,055 50,800 SH SOLE N/A 0 n/a 50,800~~147

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