13F-HR 1 StJames1Q12.txt FORM 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2012 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: St. James Investment Company Address: 2716 Fairmount Street Dallas, Texas 75201 13F File Number: 028-14071 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Amy Burson Title: Chief Compliance Office Phone: 214-484-7250 Signature, Place, and Date of Signing: /s/ Amy Burson Dallas, Texas/USA April 20, 2012 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 38 Form 13F Information Table Value Total: $830,922 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M CO COM 88579Y101 257 2879 SH SOLE 2830 0 49 AUTOMATIC DATA PROCESSING IN COM 053015103 221 4000 SH SOLE 4000 0 0 BECTON DICKINSON & CO COM 075887109 39271 505743 SH SOLE 312649 0 193094 BERKLEY W R CORP COM 084423102 32794 907913 SH SOLE 597322 0 310591 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 605 7450 SH SOLE 6850 0 600 CAMPBELL SOUP CO COM 134429109 38491 1137106 SH SOLE 712849 0 424257 CENTRAL FD CDA LTD CL A 153501101 7731 352224 SH SOLE 92879 0 259345 CHEVRON CORP NEW COM 166764100 275 2567 SH SOLE 2500 0 67 CVS CAREMARK CORPORATION COM 126650100 32848 733208 SH SOLE 500231 0 232977 DIAGEO P L C SPON ADR NEW 25243Q205 207 2145 SH SOLE 2145 0 0 DORCHESTER MINERALS LP COM UNIT 25820R105 497 18947 SH SOLE 7855 0 11092 ENTERPRISE PRODS PARTNERS L COM 293792107 528 10456 SH SOLE 9936 0 520 EXELON CORP COM 30161N101 54255 1383699 SH SOLE 891621 0 492078 EXXON MOBIL CORP COM 30231G102 42931 494997 SH SOLE 307498 0 187499 FRANCE TELECOM SPONSORED ADR 35177Q105 833 56072 SH SOLE 820 0 55252 HUGOTON RTY TR TEX UNIT BEN INT 444717102 4173 284287 SH SOLE 172467 0 111820 ISHARES TR BARCLYS 1-3 YR 464287457 408 4835 SH SOLE 4835 0 0 JOHNSON & JOHNSON COM 478160104 55078 835015 SH SOLE 531328 0 303687 KRAFT FOODS INC CL A 50075N104 17527 461115 SH SOLE 305591 0 155524 MEDTRONIC INC COM 585055106 46828 1194899 SH SOLE 741991 0 452908 MICROSOFT CORP COM 594918104 61445 1904962 SH SOLE 1197370 0 707592 MOLSON COORS BREWING CO CL B 60871R209 41095 908171 SH SOLE 615993 0 292178 NOVARTIS A G SPONSORED ADR 66987V109 49690 896770 SH SOLE 569388 0 327382 PAYCHEX INC COM 704326107 34280 1106178 SH SOLE 703753 0 402425 PEOPLES UNITED FINANCIAL INC COM 712704105 914 69074 SH SOLE 11880 0 57194 PFIZER INC COM 717081103 298 13178 SH SOLE 12980 0 198 PROCTER & GAMBLE CO COM 742718109 56839 845688 SH SOLE 560839 0 284849 RESEARCH IN MOTION LTD COM 760975102 147 10000 SH SOLE 0 0 10000 SPECTRA ENERGY CORP COM 847560109 23002 729081 SH SOLE 507200 0 221881 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 22233 1539693 SH SOLE 1095943 0 443750 SYSCO CORP COM 871829107 37373 1251602 SH SOLE 778085 0 473517 TOTAL S A SPONSORED ADR 89151E109 37494 733456 SH SOLE 413457 0 319999 VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 409 5055 SH SOLE 5055 0 0 WAL MART STORES INC COM 931142103 41522 678470 SH SOLE 458279 0 220191 WASTE MGMT INC DEL COM 94106L109 237 6782 SH SOLE 6660 0 122 WESTERN UN CO COM 959802109 34585 1965039 SH SOLE 1288330 0 676709 WEYERHAEUSER CO COM 962166104 7802 355949 SH SOLE 257658 0 98291 XYLEM INC COM 98419M100 5799 208983 SH SOLE 170021 0 38962