SEABRIDGE INVESTMENT ADVISORS LLC Information

450 SPRINGFIELD AVENUE, SUITE 301, SUMMIT, New Jersey, 07901-2610, (908) 273-5085

Report Date: 03/31/2013

Position Statistics:

Total Positions 260
New Positions 22
Increased Positions 57
Decreased Positions 136
Positions with Activity 193
Sold Out Positions 31
Total Mkt Value
(in $ millions)
394

Sector Weighting

Basic Materials 11.44%
Capital Goods 8.2%
Conglomerates
Consumer Cyclical 0.64%
Consumer/Non-Cyclical 3.13%
Energy 10.13%
Financial 22.17%
Healthcare 5.65%
Services 22.85%
Technology 10.55%
Transportation 1.24%
Utilities 3.32%

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

260 Positions as of 03/31/2013

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
BERKSHIRE HATHAWAY INC DEL CL A 16,940 New 100
COACH INC COM 13,205 2,777 26.63 222,952
CITIGROUP INC COM NEW 10,729 3,108 40.78 208,535
THERMO FISHER SCIENTIFIC INC COM 10,682 -492 (4.4) 123,826
HOWARD HUGHES CORP COM 8,344 -801 (8.76) 75,400
FREEPORT-MCMORAN COPPER & GOLD COM 7,543 719 10.53 230,820
BROOKFIELD RESIDENTIAL PPTYS I COM 7,505 -2,618 (25.87) 319,073
WILLIAMS COS INC DEL COM 7,495 -116 (1.52) 201,415
GOOGLE INC CL A 7,056 -243 (3.33) 7,761
RPM INTL INC COM 6,131 -402 (6.15) 181,110
STARWOOD PPTY TR INC COM 5,945 158 2.72 216,895
SPX CORP COM 5,882 -1,953 (24.92) 73,935
PLUM CREEK TIMBER CO INC COM 5,837 -552 (8.64) 108,020
ALEXANDER & BALDWIN INC NEW COM 5,785 177 3.16 163,870
COMPASS MINERALS INTL INC COM 5,756 -209 (3.51) 64,150
GALLAGHER ARTHUR J & CO COM 5,670 148 2.68 124,557
APPLE INC COM 5,567 132 2.43 12,848
REGIONS FINL CORP NEW COM 5,459 -442 (7.49) 603,200
SENIOR HSG PPTYS TR SH BEN INT 5,453 -464 (7.84) 185,595
BROOKFIELD OFFICE PPTYS INC COM 5,378 -357 (6.23) 287,140