Instuitional Investor - Beach Investment Management, Llc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	China North East Petroleum Holdings Ltd	NEP	106,879	$4,596,000	15.96%
2.	Visa Inc.	V	14,506	$2,337,000	8.11%
3.	Enterprise Products Partners L.p.	EPD	158,640	$2,269,000	7.88%
4.	Magellan Midstream Partners L.p.	MMP	48,272	$1,761,000	6.11%
5.	Microsoft Corp	MSFT	9,022	$1,423,000	4.94%