BEDELL INVESTMENT COUNSELLING Information

200 PRINGLE AVENUE SUITE 450, WALNUT CREEK, California, 94596, (925) 932-0344

Report Date: 12/31/2013

Position Statistics

Total Positions 64
New Positions 11
Increased Positions 27
Decreased Positions 34
Positions with Activity 61
Sold Out Positions 4
Total Mkt Value (in $ millions) 216

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 1.02%
Capital Goods 1.91%
Conglomerates
Consumer Cyclical 3.78%
Consumer/Non-Cyclical 4.7%
Energy 18.73%
Financial 20.9%
Healthcare 9.98%
Services 11.77%
Technology 23.86%
Transportation
Utilities 1.4%

64 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
AT&T INC COM 4,503 455 11.24 124,947
VERTEX PHARMACEUTICALS INC COM 4,303 34 .79 67,064
CHESAPEAKE ENERGY CORP COM 4,183 -65 (1.53) 148,500
NATIONAL OILWELL VARCO INC COM 4,123 -28 (0.68) 50,051
CARRIZO OIL & GAS INC COM 4,090 -459 (10.1) 75,480
US BANCORP DEL DEP SHS PFD F 4,024 -30 (0.74) 140,850
NESTLE S A SPONSORED ADR 4,017 -708 (14.99) 52,650
ALPS ETF TR ALERIAN MLP 4,017 1,106 37.99 222,305
PNC FINL SVCS GROUP INC DEPOSITARY SHS P 3,572 154 4.51 135,525
ABERDEEN ASIA PACIFIC INCOM FD COM 3,486 -6 (0.18) 565,025
CAPITAL ONE FINL CORP DEP SHS 1/40TH 3,321 -137 (3.95) 140,900
HASBRO INC COM 3,248 -27 (0.83) 59,475
KINDER MORGAN ENERGY PARTNERS UT LTD PARTNER 3,033 99 3.37 39,141
ISHARES MSCI BRZ CAP ETF 2,958 -733 (19.86) 62,265
FACEBOOK INC CL A 2,876 -26 (0.9) 48,794
FIFTH STREET FINANCE CORP COM 2,805 -70 (2.45) 298,725
CLIFFS NAT RES INC COM 2,211 2,211 New 118,550
MERRILL LYNCH CAP TR I GTD CAP 6.45% 2,197 68 3.20 87,200
BLUE CAP REINS HLDGS LTD COM 2,022 2,022 New 115,500
VERIZON COMMUNICATIONS INC COM 1,914 321 20.18 40,207