13F-HR 1 stjames2q12.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: June 30, 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 August 01, 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: 34 Form 13F Information Table Value Total: $992,903 (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 260 2902 SH SOLE 2853 0 49 AUTOMATIC DATA PROCESSING IN COM 053015103 223 4000 SH SOLE 4000 0 0 BECTON DICKINSON & CO COM 075887109 41754 558581 SH SOLE 347550 0 211031 BERKLEY W R CORP COM 084423102 36284 932259 SH SOLE 609052 0 323207 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 533 6400 SH SOLE 5800 0 600 CAMPBELL SOUP CO COM 134429109 45932 1376035 SH SOLE 853207 0 522828 CHEVRON CORP NEW COM 166764100 264 2500 SH SOLE 2500 0 0 CVS CAREMARK CORPORATION COM 126650100 32985 705855 SH SOLE 487157 0 218698 DORCHESTER MINERALS LP COM UNIT 25820R105 248 11314 SH SOLE 0 0 11314 ENTERPRISE PRODS PARTNERS L COM 293792107 334 6527 SH SOLE 6000 0 527 EXELON CORP COM 30161N101 59468 1580755 SH SOLE 1020366 0 560389 EXXON MOBIL CORP COM 30231G102 41406 483884 SH SOLE 309862 0 174022 FRANCE TELECOM SPONSORED ADR 35177Q105 15064 1149066 SH SOLE 746885 0 402181 JOHNSON & JOHNSON COM 478160104 57917 857268 SH SOLE 538827 0 318441 KRAFT FOODS INC CL A 50075N104 10730 277842 SH SOLE 154375 0 123467 MEDTRONIC INC COM 585055106 48344 1248233 SH SOLE 764954 0 483279 MICROSOFT CORP COM 594918104 58714 1919381 SH SOLE 1208434 0 710947 MOLSON COORS BREWING CO CL B 60871R209 48899 1175171 SH SOLE 773885 0 401286 NEWMONT MINING CORP COM 651639106 41056 846342 SH SOLE 580573 0 265769 NOVARTIS A G SPONSORED ADR 66987V109 71387 1277056 SH SOLE 830071 0 446985 PAYCHEX INC COM 704326107 37059 1179851 SH SOLE 745256 0 434595 PEOPLES UNITED FINANCIAL INC COM 712704105 13989 1204944 SH SOLE 799266 0 405678 PFIZER INC COM 717081103 299 12988 SH SOLE 12790 0 198 PROCTER & GAMBLE CO COM 742718109 56760 926694 SH SOLE 616373 0 310321 SPECTRA ENERGY CORP COM 847560109 23880 821739 SH SOLE 546141 0 275598 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 68739 4984673 SH SOLE 3105195 0 1879478 SYSCO CORP COM 871829107 47577 1596007 SH SOLE 981924 0 614083 TOTAL S A SPONSORED ADR 89151E109 43980 978428 SH SOLE 623016 0 355412 VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 464 5724 SH SOLE 5724 0 0 WAL-MART STORES INC COM 931142103 32482 465888 SH SOLE 277247 0 188641 WASTE MGMT INC DEL COM 94106L109 205 6127 SH SOLE 6005 0 122 WESTERN UN CO COM 959802109 37825 2246116 SH SOLE 1431580 0 814536 WEYERHAEUSER CO COM 962166104 8614 385259 SH SOLE 266022 0 119237 XYLEM INC COM 98419M100 9228 366626 SH SOLE 247922 0 118704