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)
390

Sector Weighting

Basic Materials 11.43%
Capital Goods 8.16%
Conglomerates
Consumer Cyclical 0.64%
Consumer/Non-Cyclical 3.19%
Energy 10.11%
Financial 22.2%
Healthcare 5.69%
Services 22.77%
Technology 10.53%
Transportation 1.25%
Utilities 3.32%

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

57 INCREASED Positions as of 03/31/2013

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
COACH INC COM 13,016 2,737 26.63 222,952
CITIGROUP INC COM NEW 10,554 3,057 40.78 208,535
FREEPORT-MCMORAN COPPER & GOLD COM 7,395 705 10.53 230,820
STARWOOD PPTY TR INC COM 5,928 157 2.72 216,895
ALEXANDER & BALDWIN INC NEW COM 5,699 175 3.16 163,870
GALLAGHER ARTHUR J & CO COM 5,674 148 2.68 124,557
APPLE INC COM 5,583 133 2.43 12,848
COLONY FINL INC COM 4,593 2,451 114.48 197,030
WISDOMTREE TRUST JAPN HEDGE EQT 4,500 4,500 New 88,070
LITTELFUSE INC COM 4,367 10 .22 59,678
EXPRESS SCRIPTS HLDG CO COM 4,186 28 .68 68,956
SCHLUMBERGER LTD COM 3,658 586 19.07 48,598
PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN 3,581 639 21.70 61,971
JPMORGAN CHASE & CO COM 2,789 4 .16 54,710
HSBC HLDGS PLC SPON ADR NEW 2,787 68 2.51 48,774
NEW RESIDENTIAL INVT CORP COM 2,766 237 9.36 395,160
TIME WARNER INC COM NEW 2,745 2,745 New 45,215
BAYTEX ENERGY CORP COM 2,720 146 5.66 70,532
HONEYWELL INTL INC COM 2,555 2,531 10,716.33 32,449
ENTERPRISE PRODS PARTNERS L P COM 2,424 15 .62 39,738