January 27, 2010 Salve Lucrum Portfolio

January 27, 2010 Portfolio Update


Ticker           Name                   % OF               %+/-


AAPL          Apple Inc.             10.8%               7.9%
CASH                                        10.1%
INTC            Intel Corp.            9.3%                0.05%
RIG             TransOcean          6.4%                  -1.2%
CVX            Chevron                6.2%                  5.9%
GIS              General Mills         6.0%                12.8%
ARMH         ARM Holdgs           5.0%                 26.9%
GME           Game Stop            4.2%                -14.3%
IBM                IBM                    3.9%                 13.8%
AMT          American Tower     3.5%                 9.8%
GLD            Gold (ETF)            3.3%                  2.9%
VZ             Verizon                  3.1%                -4.6%
GD           General Dynamics    2.8%                .58%
VOD           Vodaphone             2.3%               -3.3%
RHHBY     Roche Holdngs         2.3%                18.6%
NEWN        New Energy            1.7%               -1.7%
GSK          Glaxo S & K              1.7%              11.9%
WU          Western Union          1.5%                -2.9%
VXX*         Barclay's VIX            1.3%                 8.3%
TSCDY      Tesco PLC                 1.3%                 4.1%
FLIR         Flir Systems               1.2%                 5.0%





The balance of the portfolio is made up of various options and 30 GMAC Smartnote 6% Bonds representing about 4.4% of the entire portfolio. Total realized gains for 2009 amounted to 6.7% 
*New since last post.