Dark
Light
System
Institutional Investment Manager
BEACH INVESTMENT COUNSEL INC/PA
BEACH INVESTMENT COUNSEL INC/PA (CIK: 0001058800) incorporated in Pennsylvania, located at Five Tower Bridge, West Conshohocken, PA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q1)
Original 13F HR (0001058800-14-000003) filed in 2014.04.29
#
Name
Shares
Value ($)
%
Options
Notes
51 Volkswagen AG Pfd 14,770 3,853 0.35%
52 DU PONT E I DE NEMOURS & CO 56,326 3,779 0.34%
53 PRAXAIR INC 28,751 3,766 0.34%
54 Bayer AG SA ADR OTC 27,500 3,721 0.34%
55 PFIZER INC 115,037 3,695 0.33%
56 CHEVRON CORP NEW 31,069 3,694 0.33%
57 CONOCOPHILLIPS 51,792 3,644 0.33%
58 EXXON MOBIL CORP 37,236 3,637 0.33%
59 PEPSICO INC 41,287 3,447 0.31%
60 KINDER MORGAN MANAGEMENT LLC 45,650 3,272 0.29%
61 MERCK & CO INC 55,028 3,124 0.28%
62 LIBERTY PROP 78,333 2,895 0.26%
63 BERKSHIRE HATHAWAY INC DEL 21,895 2,736 0.25%
64 COSTCO WHSL CORP NEW 23,117 2,582 0.23%
65 RESOURCE AMERICA INC 286,760 2,458 0.22%
66 SPDR INDEX SHS FDS 33,000 2,399 0.22%
67 AUTOMATIC DATA PROCESSING IN 30,736 2,375 0.21%
68 NOVARTIS A G 26,979 2,294 0.21%
69 SYSCO CORP 62,912 2,273 0.20%
70 FERRO CORP 166,103 2,269 0.20%
71 MARKWEST ENERGY PARTNERS LP 34,475 2,252 0.20%
72 Dentsply Intl Inc 47,640 2,193 0.20%
73 ROYAL DUTCH SHELL PLC 29,312 2,142 0.19%
74 KIMBERLY CLARK CORP 19,200 2,117 0.19%
75 SPDR S&P 500 ETF TR 10,660 1,994 0.18%
76 3M Co 14,434 1,958 0.18%
77 GLAXOSMITHKLINE PLC SPONSOR 36,623 1,957 0.18%
78 TIME WARNER INC 29,899 1,953 0.18%
79 Teekay Offshore Partners 54,591 1,786 0.16%
80 FRANKLIN RESOURCES INC 32,490 1,760 0.16%
81 MICRON TECHNOLOGY INC 68,548 1,622 0.15%
82 PHILLIPS 66 20,486 1,579 0.14%
83 SUNCOR ENERGY INC NEW 41,842 1,463 0.13%
84 Silicon Motion Technology Corp 87,063 1,461 0.13%
85 OCCIDENTAL PETE CORP DEL 15,259 1,454 0.13%
86 Regency Energy Partners 53,036 1,444 0.13%
87 ADVANCE AUTO PARTS INC 11,338 1,434 0.13%
88 Enbridge Energy Management LLC 51,123 1,417 0.13%
89 ISHARES TR 38,194 1,367 0.12%
90 BECTON DICKINSON & CO 11,643 1,363 0.12%
91 INVESCO LTD 34,296 1,269 0.11%
92 WCI Communities Inc 63,710 1,259 0.11%
93 AGL Resources Inc 25,500 1,248 0.11%
94 TWO HBRS INVT CORP 119,850 1,228 0.11%
95 CHEMTURA CORP 48,348 1,223 0.11%
96 GGCP Holdings LLC 15,088 1,172 0.11%
97 DIEBOLD NXDF INC 28,984 1,156 0.10%
98 SABMILLER PLC 22,899 1,143 0.10%
99 TRONOX LTD SHS CL A 46,686 1,110 0.10%
100 STRYKER CORP 13,412 1,093 0.10%
Page 2 of 4