Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (n-q)
May 21 2013 - 3:30PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number [
811-00515]
The Wall Street Fund, Inc.
(Exact name of registrant as specified in charter)
55 E. 52
nd
Street, 23rd Floor
New York, NY 10055
(Address of principal executive offices) (Zip code)
Robert P. Morse, President
The Wall Street Fund, Inc.
55 E. 52
nd
Street, 23rd Floor
New York, NY 10055
(Name and address of agent for service)
(212) 497-0845
Registrant's telephone number, including area code
Date of fiscal year end:
December 31, 2013
Date of reporting period:
March 31, 2013
Item 1. Schedule of Investments.
The Wall Street Fund, Inc.
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Schedule of Investments
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March 31, 2013 (Unaudited)
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Shares
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Value
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COMMON STOCKS - 99.3%
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Aerospace - 0.4%
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United Technologies Corp.
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2,500
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$
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233,575
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Beverages - 2.5%
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Beam, Inc.
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25,000
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1,588,500
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Biotechnology - 5.0%
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Alexion Pharmaceuticals, Inc. (a)
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9,000
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829,260
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Celgene Corp. (a)
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10,000
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1,159,100
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Gilead Sciences, Inc. (a)
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25,000
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1,223,250
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3,211,610
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Building & Construction - 2.9%
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D.R. Horton, Inc.
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77,000
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1,871,100
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Chemicals - 2.4%
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Celanese Corp.
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35,000
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1,541,750
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Containers & Packaging - 1.8%
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Rock-Tenn Co.
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12,500
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1,159,875
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Diversified - 1.2%
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3M Co.
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7,000
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744,170
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Drugs - 1.9%
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Actavis, Inc. (a)
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11,000
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1,013,210
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Allergan, Inc.
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2,000
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223,260
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1,236,470
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Electrical Equipment - 1.3%
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Roper Industries, Inc.
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6,500
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827,515
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Energy - 6.7%
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Chevron Corp.
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12,000
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1,425,840
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Marathon Oil Corp.
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46,000
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1,551,120
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Whiting Petroleum Corp. (a)
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7,500
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381,300
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Williams Companies, Inc.
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26,000
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973,960
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4,332,220
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Energy Equipment & Services - 5.3%
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Noble Corp. (b)
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37,000
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1,411,550
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Oil States International, Inc. (a)
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11,000
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897,270
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Schlumberger Ltd. (b)
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14,500
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1,085,905
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3,394,725
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Financial Services - 8.2%
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American Express Co.
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26,000
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1,753,960
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Mastercard, Inc.
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3,400
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1,839,842
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The Blackstone Group LP
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85,000
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1,681,300
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5,275,102
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Food Services - 1.8%
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Yum Brands, Inc.
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16,000
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1,151,040
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Forest Products - 2.4%
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Weyerhaeuser Co. - REIT
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50,000
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1,569,000
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Health Care Services - 2.5%
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UnitedHealth Group, Inc.
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28,000
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1,601,880
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Insurance - 2.3%
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ACE Ltd. (b)
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17,000
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1,512,490
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Leisure - 0.3%
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Las Vegas Sands Corp.
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4,000
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225,400
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Machinery - 2.1%
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Caterpillar, Inc.
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5,000
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434,850
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Cummins, Inc.
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8,000
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926,480
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1,361,330
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Media - 5.4%
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DIRECTV (a)
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33,000
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1,868,130
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Walt Disney Co.
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28,000
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1,590,400
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3,458,530
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Office Equipment - 5.3%
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Apple, Inc.
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2,050
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907,391
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EMC Corp. (a)
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28,000
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668,920
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Western Digital Corp.
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37,000
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1,860,360
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3,436,671
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Retail - 2.5%
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TJX Companies, Inc.
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34,000
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1,589,500
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Semiconductors - 4.5%
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Intel Corp.
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35,000
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764,750
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KLA-Tencor Corp.
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3,000
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158,220
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NXP Semiconductors NV (a)(b)
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65,000
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1,966,900
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2,889,870
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Services - 9.8%
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Accenture PLC - Class A (b)
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22,000
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1,671,340
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Amazon.com, Inc. (a)
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5,700
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1,518,993
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Demand Media, Inc. (a)
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60,000
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517,800
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Google, Inc. - Class A (a)
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2,500
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1,985,075
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Rackspace Hosting, Inc. (a)
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12,000
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605,760
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6,298,968
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Software - 4.8%
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Ansys, Inc. (a)
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9,000
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732,780
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Microsoft Corp.
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32,000
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915,520
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Oracle Corp.
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45,000
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1,455,300
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3,103,600
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Specialty Retail - 8.9%
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AutoZone, Inc. (a)
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4,500
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1,785,465
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Home Depot, Inc.
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25,000
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1,744,500
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Michael Kors Holdings Ltd. (a)(b)
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25,000
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1,419,750
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VF Corp.
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4,500
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754,875
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5,704,590
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Telecommunications - 2.9%
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American Tower Corp. - REIT
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11,000
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846,120
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QUALCOMM, Inc.
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15,000
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1,004,250
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1,850,370
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Transportation - 4.2%
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J.B. Hunt Transport Services, Inc.
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13,500
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1,005,480
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Union Pacific Corp.
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12,000
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1,708,920
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2,714,400
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TOTAL COMMON STOCKS (Cost $49,879,416)
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$
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63,884,251
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SHORT TERM INVESTMENT - 0.7%
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Money Market Fund - 0.7%
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First American Prime Obligations Fund, Class Z, 0.018% (c)
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469,684
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469,684
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TOTAL SHORT TERM INVESTMENTS (Cost $469,684)
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$
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469,684
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Total Investments (Cost $50,349,100) - 100.0%
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$
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64,353,935
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Liabilities in Excess of Other Assets - 0.0%
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(7,171
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TOTAL NET ASSETS - 100.0%
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$
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64,346,764
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Percentages are stated as a percent of net assets.
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(a) Non-income producing security
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(b) Foreign Domiciled
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(c) Variable Rate Security - the rate shown is the annualized seven-day effective yield as of March 31, 2013.
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REIT - Real Estate Investment Trust
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On March 31, 2013, the cost of investments for federal income tax purposes was approximately $50,349,100. The aggregate gross unrealized appreciation and depreciation of investments, based on this cost, was as follows*:
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Unrealized appreciation
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$
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14,212,989
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Unrealized depreciation
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(208,154
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Net unrealized appreciation
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$
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14,004,835
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*Because tax adjustments are calculated annually, the above table does not reflect tax adjustments. For the previous fiscal year's federal income tax information, please refer to the Notes to Financial Statements section in the Fund's most recent semi-annual or annual report.
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Generally accepted accounting principles require disclosures regarding the valuation inputs and techniques used to measure fair value and any changes in such valuation inputs and techniques. The various inputs used in determining the value of each of the Fund's investments are summarized in the following three broad categories:
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Level 1 - Quoted prices in active markets for identical securities.
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Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
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Level 3 - Significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments.)
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The valuation levels are not necessarily an indication of the risk associated with investing in these investments. As of March 31, 2013, the Fund's investments were classified as follows:
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Level 1
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Level 2
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Level 3
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Common Stocks
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$
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63,884,251
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$
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-
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$
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-
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$
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63,884,251
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Short-Term Investments
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469,684
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-
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-
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469,684
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Total Investments
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$
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64,353,935
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$
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-
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$
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-
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$
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64,353,935
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Please see above for further industry breakout. The Fund did not hold any Level 3 assets during the period. Transfers between levels
are recognized at the end of the reporting period. During the period ended March 31, 2013, the Fund did not recognize any transfers
between valuation levels.
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Item 2. Controls and Procedures.
(a)
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The Registrant’s President/Chief Executive Officer and Treasurer/Chief Financial Officer have concluded that the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”))
(17 CFR
270.30a-3(c))
are effective as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act
(17 CFR 270.30a-3(b))
and Rule 13a-15(b) or Rule 15d-15(b) under the Securities Exchange Act of 1934, as amended
(17 CFR 240.13a-15(b) or 240.15d-15(d))
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(b)
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There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act)
(17 CFR 270.30a-3(d))
that occurred during the Registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.
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Item 3. Exhibits.
Separate certifications for each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)).
Filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant)
The Wall Street Fund, Inc.
By (Signature and Title)*
/s/ Robert P. Morse
Robert P. Morse President
Date ________________________________________
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)*
/s/ Robert P. Morse
Robert P. Morse, President
Date ________________________________________
By (Signature and Title)*
/s/ John J. Rendinaro
John J. Rendinaro, Treasurer
Date ________________________________________
* Print the name and title of each signing officer under his or her signature.