UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 90549
Form 13F
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: March 31, 2013
Check here if Amendment [ x ]; Amendment Number: 1
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Gamble Jones Investment Counsel
Address: 301 E. Colorado Blvd. #802
Pasadena, CA 91101
13F File Number: 028-04501
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: Ashley J. Guerra
Title: Compliance Officer
Phone: 626-795-7583
Signature, Place and Date of Signing
Ashley J. Guerra Pasadena, CA 04/22/2013
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: 189
Form 13F Information Table Value Total: 553,020 (in 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
Goldman Sachs PREF 38144g804 1009 42553 SH Sole ? ? ?
Goldman Sachs 6.2 % Pfd. PREF 38144x500 984 38450 SH Sole 38450
United Tech Corp PREF 913017117 272 4550 SH Sole ? ?
US Bancorp 6% Pfd. PREF 902973817 1986 71325 SH Sole 71325
Annaly Capital Mgmt. REIT 035710409 415 26142 SH Sole 26142
Realty Income REIT 756109104 876 19319 SH Sole 19319
6 132 SH ? ? ? ?
iShares Barclays Aggregate Bo ETF 464287226 575 5192 SH Sole 5192
iShares Barclays MBS Bond ETF 464288588 500 4629 SH Sole 4629
iShares Barclays US TIPS ETF 464287176 4531 37362 SH Sole 37362
iShares DJ Select Divid ETF 464287168 317 4996 SH Sole 4996
iShares Emerg Mkts Index ETF 464287234 1349 31548 SH Sole ? ? ?
iShares Floating Rate Note ETF 46429B655 240 4745 SH Sole 4745
iShares FTSE/Xinhua China 25 I ETF 464287184 486 13171 SH Sole ? ? ?
iShares MSCI Canada Index ETF 464286509 216 7586 SH Sole 7586
iShares MSCI EAFE Index ETF 464287465 215 3650 SH Sole 3650
iShares Russell 2000 Index ETF 464287655 514 5443 SH Sole ? ? ?
iShares S&P MidCap 400 Index ETF 464287507 645 5603 SH Sole ? ? ?
iShares S&P US Pfd Stock ETF 464288687 1309 32304 SH Sole 32304
MKT Vectors Biotech ETF ETF 57060U183 390 6000 SH Sole ? ? ?
Powershares QQQ Trust ETF 73935A104 871 12625 SH Sole ? ? ?
SPDR Dow Jones Ind Average ETF 78467X109 1089 7496 SH Sole ? ? ?
SPDR Gold Trust ETF 78463V107 1900 12299 SH Sole 12299
SPDR S&P 500 ETF 78462F103 557 3558 SH Sole ? ? ?
16 100 SH ? ? ? ?
SPDR S&P Dividend ETF 78464A763 561 8504 SH Sole 8504
Vanguard Div. Appreciation ETF 921908844 359 5465 SH Sole 5465
Vanguard Emerging Market ETF 922042858 1646 38370 SH Sole ? ? ?
Vanguard Intermediate-Term Bon ETF 921937819 438 4977 SH Sole ? ? ?
Vanguard Intl Eqty Index ETF 922042775 364 7852 SH Sole 7852
5 115 SH ? 115
Vanguard IT Corp Bond ETF 92206C870 1166 13350 SH Sole ? ? ?
Vanguard MSCI EAFE ETF 921943858 451 12381 SH Sole ? ? ?
Vanguard REIT ETF 922908553 235 3327 SH Sole ? ? ?
Vanguard Short-Term Bond ETF 921937827 2331 28781 SH Sole 28781
Vanguard Short-Term Corporate ETF 92206C409 1248 15538 SH Sole 15538
Vanguard Short Term ETF 922020805 2048 40675 SH Sole ? ? ?
Vanguard Small Cap Value ETF 922908611 392 4770 SH Sole 4770
Vanguard Total Bond Market ETF 921937835 780 9331 SH Sole ? ? ?
Vanguard Total Stock Market ETF 922908769 5151 63630 SH Sole ? ? ?
26 325 SH ? ? ? ?
3M Company COM 88579Y101 14652 137819 SH Sole ? ? ?
21 200 SH ? ? ? ?
Abbott Laboratories COM 002824100 11644 329680 SH Sole ? ? ?
570 16134 SH ? ? ? ?
AbbVie COM 00287Y109 13296 326051 SH Sole ? ? ?
658 16134 SH ? ? ? ?
AFLAC Corp. COM 001055102 908 17462 SH Sole ? ? ?
Allergan, Inc. COM 018490102 470 4214 SH Sole ? ? ?
Allstate Corp. COM 020002101 470 9581 SH Sole 9581
Altria Group Inc. COM 02209S103 2633 76550 SH Sole 76550
6 164 SH ? ? ? ?
Amazon COM 023135106 1295 4858 SH Sole 4858
America Movil SA ADR COM 02364W105 408 19459 SH Sole 19459
American Electric Power COM 025537101 764 15708 SH Sole 15708
13 263 SH ? ? ? ?
American Express COM 025816109 1179 17475 SH Sole ? ?
American Tower Corporation COM 03027X100 546 7100 SH Sole 7100
Amgen Inc COM 031162100 7587 74010 SH Sole ? ? ?
26 250 SH ? ? ? ?
Apple Inc. COM 037833100 15006 33899 SH Sole ? ? ?
60 135 SH ? ? ? ?
Applied Materials Inc. COM 038222105 290 21546 SH Sole 21546
ARM Holdings Plc Spon ADR COM 042068106 403 9500 SH Sole 9500
AT&T Inc COM 00206R102 2679 73028 SH Sole ? ? ?
25 679 SH ? ? ? ?
Automatic Data Processing COM 053015103 1339 20592 SH Sole 20592
Autozone COM 053332102 386 973 SH Sole 973
4 11 SH ? ? ? ?
Bank of America Corp COM 060505104 227 18612 SH Sole ? ?
Baxter International COM 071813109 203 2788 SH Sole 2788
BB&T Corp COM 054937107 685 21813 SH Sole 21813
BCE Inc. COM 05534B760 233 5000 SH Sole 5000
Becton Dickinson COM 075887109 1757 18380 SH Sole ? ? ?
Berkshire Hathaway COM 084670108 1250 8 SH Sole 8
Berkshire Hathaway B COM 084670702 10766 103321 SH Sole ? ? ?
37 359 SH ? ? ? ?
Black Hills Corp COM 092113109 370 8400 SH Sole 8400
Boeing COM 097023105 1779 20725 SH Sole ? ? ?
BP Plc ADR COM 055622104 751 17726 SH Sole 17726
Bristol-Myers Squibb COM 110122108 6659 161658 SH Sole ? ? ?
C V B Financial Corp COM 126600105 539 47846 SH Sole 47846
Campbell Soup COM 134429109 1118 24641 SH Sole 24641
Canadian Natural Res Ltd COM 136385101 1063 33073 SH Sole 33073
6 191 SH ? ? ? ?
Canadian Pacific Railway Limit COM 13645T100 1524 11682 SH Sole 11682
10 75 SH ? ? ? ?
Caterpillar Tractor COM 149123101 6012 69125 SH Sole ? ? ?
52 600 SH ? ? ? ?
Charles Schwab COM 808513105 567 32058 SH Sole 32058
2 138 SH ? ? ? ?
Chevron Corporation COM 166764100 13373 112546 SH Sole ? ? ?
CIGNA Corp COM 125509109 377 6044 SH Sole 6044
Cisco Systems COM 17275R102 4966 237682 SH Sole ? ? ?
60 2884 SH ? ? ? ?
Clorox COM 189054109 2450 27677 SH Sole 27677
Coca Cola Co. COM 191216100 7258 179482 SH Sole ? ? ?
69 1700 SH ? ? ? ?
Colgate-Palmolive COM 194162103 2024 17152 SH Sole ? ? ?
Conagra Foods Inc. COM 205887102 555 15497 SH Sole 15497
ConocoPhillips COM 20825C104 2829 47071 SH Sole 47071
60 1000 SH ? ? ? ?
Consolidated Edison COM 209115104 266 4364 SH Sole 4364
Costco Wholesale Corp COM 22160K105 3441 32432 SH Sole ? ? ?
Cree Inc COM 225447101 298 5450 SH Sole ? ? ?
CSX Corp COM 126408103 373 15163 SH Sole 15163
64 2600 SH ? ? ? ?
Cummins Inc COM 231021106 407 3517 SH Sole ? ? ?
Deere & Company COM 244199105 4116 47872 SH Sole ? ? ?
52 600 SH ? ? ? ?
Diageo PLC COM 25243Q205 1240 9855 SH Sole ? ? ?
Direct TV Group Inc COM 25490A309 648 11448 SH Sole ? ? ?
3 58 SH ? ? ? ?
Dollar Tree Stores COM 256746108 1366 28215 SH Sole ? ? ?
21 426 SH ? ? ? ?
Dominion Resources COM 25746U109 314 5400 SH Sole ? ?
Dow Chemical COM 260543103 1292 40563 SH Sole ? ? ?
Du Pont Co. COM 263534109 1652 33596 SH Sole ? ? ?
Duke Energy COM 26441C204 291 4015 SH Sole 4015
Ecolab Inc COM 278865100 202 2522 SH Sole 2522
Edison International COM 281020107 599 11901 SH Sole 11901
Emerson Elec. COM 291011104 8345 149370 SH Sole ? ? ?
28 510 SH ? ? ? ?
Encana Corporation COM 292505104 596 30626 SH Sole ? ? ?
4 200 SH ? ? ? ?
Energy Transfer Partners LP COM 29273R109 261 5144 SH Sole ? ? ?
Enterprise Products Partners L COM 293792107 642 10641 SH Sole 10641
Exelon Corp COM 30161N101 562 16308 SH Sole ? ? ?
7 213 SH ? 213
Expeditors Intl Wash Inc. COM 302130109 419 11720 SH Sole ? ? ?
Express Scripts Inc COM 30219G108 254 4405 SH Sole 4405
9 162 SH ? ? ? ?
Exxon Mobil COM 30231G102 28066 311459 SH Sole ? ? ?
107 1186 SH ? ? ? ?
Fedex Corp COM 31428X106 542 5522 SH Sole 5522
FEI Co. COM 30241L109 1430 22150 SH Sole 22150
First Energy Corp COM 337932107 517 12255 SH Sole 12255
Fiserv COM 337738108 1474 16772 SH Sole 16772
10 115 SH ? ? ? ?
Ford Motor Co. COM 345370860 566 43024 SH Sole 43024
Freeport McMoran Copper & Gold COM 35671D857 535 16167 SH Sole 16167
General Dynamics COM 369550108 242 3436 SH Sole ? ?
General Electric COM 369604103 13409 579987 SH Sole ? ? ?
98 4223 SH ? ? ? ?
General Mills COM 370334104 1607 32583 SH Sole ? ?
10 200 SH ? ? ? ?
Genuine Parts COM 372460105 1000 12816 SH Sole 12816
Gilead Sciences Inc COM 375558103 419 8554 SH Sole ? ? ?
21 422 SH ? 422
Givot Olam Oil Expl LP COM 047775795 0 10000 SH Sole 10000
GlaxoSmithKline COM 37733W105 2257 48120 SH Sole ? ?
Goldman Sachs Group Inc. COM 38141G104 751 5106 SH Sole ? ? ?
Google Inc COM 38259P508 5448 6860 SH Sole ? ? ?
38 48 SH ? ? ? ?
Harsco Corp COM 415864107 669 27000 SH Sole 27000
Heinz, H.J. COM 423074103 2501 34602 SH Sole 34602
Hershey Foods COM 427866108 1157 13213 SH Sole ? ?
9 100 SH ? ? ? ?
Hewlett-Packard COM 428236103 750 31463 SH Sole 31463
Home Depot COM 437076102 1462 20952 SH Sole 20952
Honeywell International, Inc. COM 438516106 2292 30413 SH Sole 30413
Illinois Tool Works COM 452308109 466 7648 SH Sole 7648
Intel Corp COM 458140100 7899 361774 SH Sole ? ? ?
57 2600 SH ? ? ? ?
Intl Business Machines COM 459200101 14965 70161 SH Sole ? ? ?
J M Smucker COM 832696405 3078 31045 SH Sole 31045
10 100 SH ? ? ? ?
J.P. Morgan Chase & Co COM 46625H100 1426 30039 SH Sole ? ? ?
223 4708 SH ? ? ? ?
Johnson & Johnson COM 478160104 24069 295215 SH Sole ? ? ?
130 1595 SH ? ? ? ?
Kimberly Clark COM 494368103 3376 34451 SH Sole ? ?
Kinder Morgan Energy Partners COM 494550106 1233 13739 SH Sole 13739
18 200 SH ? ? ? ?
Kinder Morgan Inc COM 49456B101 1066 27565 SH Sole ? ? ?
8 200 SH ? ? ? ?
Kinder Morgan Mgmt LLC COM 49455U100 3180 36196 SH Sole ? ? ?
6 73 SH ? ? ? ?
Kraft Foods Group,Inc COM 50076Q106 1475 28628 SH Sole ? ?
32 626 SH ? ? ? ?
Laboratory Corp of America COM 50540R409 791 8772 SH Sole 8772
5 51 SH ? ? ? ?
Leucadia National Corp COM 527288104 520 18975 SH Sole ? ? ?
Lilly, Eli & Co COM 532457108 1610 28348 SH Sole ? ?
Linn Energy, LLC. COM 536020100 1318 34715 SH Sole 34715
Lockheed Martin COM 539830109 843 8737 SH Sole 8737
Lowes Companies COM 548661107 1677 44236 SH Sole ? ? ?
Marathon Petroleum Corporation COM 56585A102 391 4360 SH Sole ? ?
Mastercard Inc. COM 57636Q104 1852 3423 SH Sole 3423
3 5 SH ? ? ? ?
McDonalds Corp COM 580135101 6300 63200 SH Sole ? ? ?
114 1146 SH ? ? ? ?
McKesson Corp COM 58155Q103 230 2132 SH Sole 2132
Medtronic Inc. COM 585055106 602 12814 SH Sole 12814
Merck COM 58933Y105 990 22406 SH Sole 22406
Microsoft Corp. COM 594918104 6903 241329 SH Sole ? ? ?
31 1098 SH ? ? ? ?
Mondelez COM 609207105 2661 86904 SH Sole ? ?
37 1200 SH ? ? ? ?
Monsanto Co. New COM 61166W101 549 5196 SH Sole ? ?
16 150 SH ? ? ? ?
Mosaic Company COM 61945C103 856 14360 SH Sole ? ? ?
Murphy Oil Corp COM 626717102 470 7375 SH Sole ? ? ?
National Oilwell Varco, Inc. COM 637071101 249 3521 SH Sole 3521
2 29 SH ? ? ? ?
Natural Resource Partners LP COM 63900P103 2749 117494 SH Sole ? ? ?
6 250 SH ? ? ? ?
Nestle ADR COM 641069406 6406 88399 SH Sole ? ? ?
99 1365 SH ? ? ? ?
NextEra Energy, Inc COM 65339F101 302 3886 SH Sole 3886
Nike Inc. Cl B COM 654106103 253 4294 SH Sole 4294
Nordstrom COM 655664100 663 12000 SH Sole 12000
Norfolk Southern Corp COM 655844108 1725 22379 SH Sole ? ? ?
Northrop Grumann Corp COM 666807102 544 7752 SH Sole 7752
Novartis A G Spon ADR COM 66987V109 6538 91779 SH Sole ? ? ?
59 826 SH ? ? ? ?
Nucor Corp COM 670346105 150 3252 SH Sole 3252
55 1200 SH ? ? ? ?
O'Reilly Automotive COM 67103H107 236 2305 SH Sole 2305
3 27 SH ? ? ? ?
Oracle Corp. COM 68389X105 988 30563 SH Sole 30563
PACCAR, Inc. COM 693718108 790 15620 SH Sole ? ?
Paychex COM 704326107 1166 33252 SH Sole ? ? ?
Pepsico Inc COM 713448108 11086 140130 SH Sole ? ? ?
42 537 SH ? ? ? ?
Pfizer, Inc COM 717081103 15139 524562 SH Sole ? ? ?
291 10076 SH ? ? ? ?
PG&E Corp COM 69331C108 368 8275 SH Sole 8275
Philip Morris International COM 718172109 9015 97238 SH Sole ? ? ?
94 1010 SH ? ? ? ?
Phillips 66 COM 718546104 1020 14573 SH Sole 14573
Plains All American Pipeline L COM 726503105 192 3400 SH Sole 3400
34 600 SH ? ? ? ?
Plum Creek Timber LP COM 729251108 3011 57679 SH Sole ? ? ?
21 400 SH ? ? ? ?
Potash Corp Sask COM 73755L107 576 14680 SH Sole ? ? ?
PPG Industries COM 693506107 1572 11733 SH Sole ? ? ?
Praxair COM 74005P104 1928 17282 SH Sole ? ? ?
Procter & Gamble COM 742718109 244471 3172477 SH Sole ? ? ?
268 3484 SH ? ? ? ?
PVR Partners LP COM 693665101 1865 77350 SH Sole 77350
7 300 SH ? ? ? ?
Qualcomm Inc. COM 747525103 8234 123013 SH Sole ? ? ?
14 204 SH ? 204
Rayonier COM 754907103 490 8208 SH Sole 8208
Raytheon Co COM 755111507 564 9601 SH Sole 9601
Rio Tinto Plc COM 767204100 219 4651 SH Sole 4651
Roche Holding AG COM 771195104 210 3592 SH Sole 3592
Ross Stores Inc COM 778296103 833 13741 SH Sole 13741
4 65 SH ? ? ? ?
Royal Dutch Shell A COM 780259206 4169 63979 SH Sole ? ? ?
7 100 SH ? ? ? ?
Royal Dutch Shell B COM 780259107 4352 65131 SH Sole ? ? ?
78 1173 SH ? ? ? ?
Schlumberger Ltd COM 806857108 5956 79525 SH Sole ? ? ?
34 452 SH ? ? ? ?
Sempra COM 816851109 248 3104 SH Sole 3104
Sigma Aldrich Corp. COM 826552101 291 3750 SH Sole 3750
Solucorp Industries COM 83437C102 1 17000 SH Sole 17000
Southern Company COM 842587107 419 8930 SH Sole ? ?
52 1100 SH ? ? ? ?
Southern Copper Corp. COM 84265V105 411 10945 SH Sole ? ? ?
11 288 SH ? ? ? ?
Starbucks Corp. COM 855244109 295 5173 SH Sole 5173
State Street Corp COM 857477103 922 15608 SH Sole 15608
Synopsys Inc COM 871607107 4617 128690 SH Sole 128690
Sysco Corp COM 871829107 3930 111755 SH Sole ? ? ?
79 2250 SH ? ? ? ?
Target Corp. COM 87612E106 697 10178 SH Sole 10178
7 100 SH ? ? ? ?
Telefonos De Mexico COM p90413132 13 28000 SH Sole 28000
Teva Pharmaceutical COM 881624209 1192 30039 SH Sole ? ? ?
Texas Instruments COM 882508104 1402 39505 SH Sole ? ? ?
4 100 SH ? ? ? ?
Thomson Reuters PLC ADS COM 884903105 247 7596 SH Sole 7596
32 996 SH ? ? ? ?
TJX Cos. COM 872540109 536 11459 SH Sole ? ? ?
Transocean Co. New COM 406746677 755 14537 SH Sole ? ? ?
Unilever New York Shares COM 904784709 2196 53565 SH Sole 53565
Unilever PLC COM 904767704 373 8838 SH Sole ? ? ?
Union Pacific COM 907818108 432 3035 SH Sole 3035
United Parcel Service COM 911312106 4923 57310 SH Sole ? ? ?
69 800 SH ? ? ? ?
United Technologies Corp. COM 913017109 5814 62229 SH Sole ? ? ?
56 600 SH ? ? ? ?
UnitedHealthcare Group COM 91324P102 1515 26484 SH Sole ? ? ?
Valeant Pharm Intl New COM 91911K102 1521 20279 SH Sole 20279
10 134 SH ? ? ? ?
Verizon Communications COM 92343V104 5363 109113 SH Sole ? ?
14 275 SH ? ? ? ?
Visa Inc. COM 92826C839 3364 19808 SH Sole ? ? ?
31 185 SH ? ? ? ?
Vodafone Group Plc COM 92857W209 3748 131978 SH Sole 580 131398
42 1480 SH ? ? ? ?
Wal Mart Stores Inc COM 931142103 2332 31159 SH Sole 31159
Walgreen COM 931422109 2002 41989 SH Sole ? ? ?
26 551 SH ? ? ? ?
Walt Disney Company COM 254687106 3588 63174 SH Sole ? ? ?
23 400 SH ? ? ? ?
Waste Management COM 94106L109 3144 80172 SH Sole ? ? ?
99 2530 SH ? ? ? ?
Wells Fargo COM 949746101 4254 115007 SH Sole ? ? ?
Weyerhaeuser COM 962166104 903 28764 SH Sole 28764
Wolverine World Wide COM 978097103 222 5015 SH Sole 5015
Zimmer Holdings Inc COM 98956P102 941 12512 SH Sole ? ? ?