13F-HR 1 c62818e13fvhr.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2010 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: Howe Barnes Capital Management, Inc. Address: 222 South Riverside Plaza, 7th Floor Chicago: IL 60606 Form 13F File Number: 28- 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 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: Ronald A. Sirt Title: Senior Vice President Phone: (312) 655-2906 Signature, Place, and Date of Signing: By: /s/ Ronald A. Sirt City: Chicago, IL 12/31/2010 Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 240 FORM 13F INFORMATION TABLE

CHEVRON CORP COM 166764100 13847 151757 SH SOLE 151757 11 125 SH DEFINED 125 CHINA NORTH EAST PETROLEUM COM 16941G102 86 15000 SH SOLE 15000 CHURCH& DWIGHT INC COM 171340102 296 4300 SH SOLE 4300 CISCO SYS INC COM 17275r102 9443 466821 SH SOLE 466821 CITIGROUP INC COM 172967101 322 68111 SH SOLE 68111 CLAYMORE NATURAL GAS ETF COMMO COM 18384H100 49 17950 SH SOLE 17950 CLOROX CO DEL COM COM 189054109 3808 60188 SH SOLE 60188 9 150 SH DEFINED 150 COCA COLA CO COM 191216100 1568 23852 SH SOLE 23852 COMCAST CORP NEW CLA COM 20030n101 2313 105317 SH SOLE 105317 COMCAST CORP NEW CLA SPL COM 20030n200 315 15165 SH SOLE 15165 CONOCOPHILLIPS COM 20825c104 5560 81650 SH SOLE 81650 10 150 SH DEFINED 150 COPART INC COM 217204106 68 1840 SH SOLE 1840 CORINTHIAN COLLEGES INC COM 218868107 60 11600 SH SOLE 11600 CORNING INC COM 219350105 395 20450 SH SOLE 20450 COSTCO WHOLESALE CORP COM 22160k105 3596 49804 SH SOLE 49804 CREE INC COM 225447101 250 3800 SH SOLE 3800 CVS CAREMARK CORP COM 126650100 3226 92799 SH SOLE 92799 DIRECTV GROUP INC COM 25459l106 0 12 SH SOLE 12 DISNEY (WALT) CO COM STK COM 254687106 539 14395 SH SOLE 14395 DNP SELECT INCOME FD COM 23325P104 91 10037 SH SOLE 10037 DOW 30 ENHANCED PREMIUM & INCO COM 260537105 311 30020 SH SOLE 30020 DOW CHEMICAL CO COM 260543103 144 4222 SH SOLE 4222 DU PONT E I DE NEMOURS& CO COM 263534109 734 14733 SH SOLE 14733 DUKE ENERGY CORP NEW COM 26441c105 2278 127929 SH SOLE 127929 14 800 SH DEFINED 800 E M C CORP MASS COM 268648102 416 18174 SH SOLE 18174 EMERSON ELECTRIC CO COM 291011104 180 3150 SH SOLE 3150 EMPLOYERS HOLDINGS INC COM COM 425 24357 SH SOLE 24357 EVIRONMENTAL OIL PROCESSING TE COM 29407q100 0 75000 SH SOLE 75000 EXXON MOBIL CORP COM COM 30231g102 3159 43208 SH SOLE 43208 FAMILY DOLLAR STORES COM 307000109 920 18524 SH SOLE 18524 FARMERS & MERCHANTS BANK LONG COM 308243104 547 138 SH SOLE 138 FEDEX CORP DELAWARE COM COM 31428x106 2635 28335 SH SOLE 28335 FORD MOTOR CO COM COM 345370860 243 14515 SH SOLE 14515 FORTUNE BRANDS INC COM 349631101 599 9950 SH SOLE 9950 FRANKLIN RES INC COM 354613101 311 2800 SH SOLE 2800 FREEPRT-MCMRAN CPR & GLD COM 35671d857 1829 15235 SH SOLE 15235 FRONTIER COMMUNICATIONSCORP CO COM 35906a108 1579 162382 SH SOLE 162382 14 1500 SH DEFINED 1500 GENERAL ELECTRIC COM 369604103 6020 329183 SH SOLE 329183 GENERAL MILLS COM 370334104 2883 81011 SH SOLE 81011 GILEAD SCIENCES INC COM COM 375558103 1486 41015 SH SOLE 41015 GOLDMAN SACHS GROUP INC COM 38141g104 780 4642 SH SOLE 4642 GOOGLE INC CLA COM 38259p508 6647 11191 SH SOLE 11191 17 30 SH DEFINED 30 GRAINGER W W INC COM 384802104 867 6280 SH SOLE 6280 HANCOCK JOHN TAX ADVANTAGEDIVI COM 41013v100 406 27260 SH SOLE 27260 HEWLETT-PACKARD CO DE COM 428236103 4301 102164 SH SOLE 102164 HOME DEPOT INC COM 437076102 215 6134 SH SOLE 6134 HORMEL FOODS CORP COM COM 12 250 SH SOLE 250 HOWE BARNES INV - RESTRICTED COM 002304869 220 10 SH SOLE 10 HSBC HOLDINGS PLC SPONS ADR COM 404280406 204 4000 SH SOLE 4000

ILLINOIS TOOL WORKS COM 452308109 62 1164 SH SOLE 1164 INGERSOLL-RAND PLC SHSUSD1 COM g47791101 983 20875 SH SOLE 20875 INTEGRATED DEVICE TECH INC COM 458118106 12 1925 SH SOLE 1925 INTEL CORP COM 458140100 2788 132580 SH SOLE 132580 INTERNATIONAL BUSINESS MACHS C COM 459200101 3197 21785 SH SOLE 21785 INTUIT INC COM 461202103 354 7200 SH SOLE 7200 IRON MTN INC PA COM COM 462846106 916 36625 SH SOLE 36625 ISHARES BARCLAYS 20+ YEAR TREA COM 464287432 730 7763 SH SOLE 7763 ISHARES MSCI ALL COUNTRY ASIA COM 464288182 4681 73493 SH SOLE 73493 ISHARES SILVER TR ISHARES COM 46428q109 241 8000 SH SOLE 8000 JOHNSON AND JOHNSON COM COM 478160104 6340 102509 SH SOLE 102509 21 350 SH DEFINED 350 JOHNSON CTLS INC COM 478366107 35 940 SH SOLE 940 JPMORGAN CHASE & CO COM 46625h100 846 19964 SH SOLE 19964 KELLOGG COMPANY COM 487836108 18 360 SH SOLE 360 KIMBERLY CLARK CORP COM 494368103 471 7475 SH SOLE 7475 KRAFT FOODS INC CLA COM 50075n104 842 26733 SH SOLE 26733 LEVEL 3 COMMUNICATIONS INC COM COM 52729N100 1 1500 SH SOLE 1500 LILLYELI & CO COM 532457108 208 5940 SH SOLE 5940 LIMELIGHT NETWORKS INC COM 53261M104 92 16000 SH SOLE 16000 MARATHON OIL CORP ISIN#US56584 COM 565849106 91 2484 SH SOLE 2484 MARKET VECTORS HARD ASSETS PRO COM 57060U795 4047 103906 SH SOLE 103906 MC GRAW HILL COMPANIES COM 580645109 414 11380 SH SOLE 11380 MCAFEE INC COM COM 579064106 5024 108493 SH SOLE 108493 MCDONALDS CORP COM 580135101 1072 13975 SH SOLE 13975 MEDCO HEALTH SOLUTIONSINC COM 58405u102 302 4932 SH SOLE 4932 MEDTRONIC INC COM 585055106 515 13892 SH SOLE 13892 MERCK & CO INC COM 58933Y105 1677 46550 SH SOLE 46550 18 500 SH DEFINED 500 MICROSOFT CORPCOM COM 594918104 3041 108970 SH SOLE 108970 MONSANTO CO NEW DEL COM COM 61166w101 1603 23028 SH SOLE 23028 MORGAN STANLEY COM 617446448 76 2800 SH SOLE 2800 NASDAQ PREMIUM INCOME & GROWTH COM 63110R105 146 10396 SH SOLE 10396 NATIONAL PATENT DEV CORP NEW C COM 637132101 43 27000 SH SOLE 27000 NESTLE S A SPONSORED ADR REPST COM 641069406 355 6049 SH SOLE 6049 NOKIA OYJ ADR EACH REPR1 ORD N COM 654902204 678 65777 SH SOLE 65777 NOVARTIS AG ADR-EACH REPR1 CHF COM 66987v109 1263 21440 SH SOLE 21440 NSTAR COM COM 67019E107 499 11844 SH SOLE 11844 NUVEEN BUILD AMER BD FD COM 67074C103 80 4400 SH SOLE 4400 ORACLE CORPORATION COM 68389x105 16007 511408 SH SOLE 511408 21 700 SH DEFINED 700 PACIFIC PREMIER BANCORP COM COM 69478X105 1566 241765 SH SOLE 241765 19 3000 SH DEFINED 3000 PATTERSON COS INC COM 703395103 2165 70700 SH SOLE 70700 PEPSICO INC COM 713448108 3925 60089 SH SOLE 60089 6 100 SH DEFINED 100 PFIZER INC DEL PV$0.05 COM 717081103 2056 117463 SH SOLE 117463 PHILIP MORRIS INTL INCCOM COM 718172109 1069 18265 SH SOLE 18265 PLUMAS BANCORP COM COM 729273102 42 17990 SH SOLE 17990 POWER INTEGRATIONS INC COM 739276103 13 340 SH SOLE 340 POWERSHARES QQQ TRUST UNIT SER COM 21 400 SH SOLE 400 PRE PAID LEGAL SVCS INC COM COM 740065107 1094 18160 SH SOLE 18160 PROCTER & GAMBLE CO COM 742718109 4825 75018 SH SOLE 75018 PROSPECT CAPITAL CORP COM 74348T102 216 20000 SH SOLE 20000 QUEST DIAGNOSTICS INC COM 74834l100 1498 27770 SH SOLE 27770

QUESTCOR PHARMACEUTICALS CORP COM 74835Y101 18 1263 SH SOLE 1263 READING INTL INC CL A COM 755408101 4470 885343 SH SOLE 885343 13 2700 SH DEFINED 2700 REALTY INCOME CORP COMMON STOC COM 756109104 245 7175 SH SOLE 7175 REGAL BELOIT CORP COM 758750103 9 145 SH SOLE 145 REGIONS FINL CORP COM 7591ep100 129 18500 SH SOLE 18500 ROYAL DUTCH SHELL ADREA REP 2 COM 780259206 1559 23357 SH SOLE 23357 SANSWIRE CORP COM COM 801077108 1 14000 SH SOLE 14000 SANTA FE GOLD CORP COM 80201E108 91 70000 SH SOLE 70000 SARA LEE CORP COM 803111103 344 19659 SH SOLE 19659 SCHLUMBERGER LIMITED COMSTK US COM 806857108 434 5205 SH SOLE 5205 SEI INVESTMENTS CO COM COM 784117103 4556 191513 SH SOLE 191513 SHERWIN WILLIAMS CO COM 824348106 305 3650 SH SOLE 3650 SIEMENS A G SPONADR ISIN#US826 COM 826197501 226 1825 SH SOLE 1825 SOURCE CAP INC COM 836144105 4460 83960 SH SOLE 83960 15 300 SH DEFINED 300 SOUTHERN CO COM COM 842587107 51 1343 SH SOLE 1343 ST JUDE MEDICAL INC COM 790849103 776 18172 SH SOLE 18172 STANDARD CHARTERED PLC COM G84228157 268 10000 SH SOLE 10000 STAPLES INC COM 855030102 4996 219429 SH SOLE 219429 STATE STREET CORP COM 857477103 709 15300 SH SOLE 15300 STERICYCLE INC COM 858912108 1108 13700 SH SOLE 13700 STERLITE INDUSTRIES INDIA LTD COM 859737207 248 15000 SH SOLE 15000 SURETY CAPITAL CORP-NEW COM 868666207 0 17600 SH SOLE 17600 SYMANTEC CORP COM 871503108 201 12025 SH SOLE 12025 SYSCO CORP COM 871829107 513 17449 SH SOLE 17449 TARGET CORP COM COM 87612e106 2738 45535 SH SOLE 45535 TELLABSINC COM 879664100 3 500 SH SOLE 500 TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 1667 31996 SH SOLE 31996 TEXAS INSTRUMENTS INC COM 882508104 451 13900 SH SOLE 13900 THERMO FISHER SCIENTIFICINC COM 883556102 1076 19438 SH SOLE 19438 THOMSON REUTERS CORP COM 884903105 332 8928 SH SOLE 8928 TOTAL ADR EACH REP 1 ORDSHS EU COM 89151e109 504 9442 SH SOLE 9442 TRANSOCEAN INC NEW SHS ISIN#KY COM g90073100 208 3000 SH SOLE 3000 TYCO ELECTRONICS LTD COMCHF2.6 COM h8912p106 17 500 SH SOLE 500 TYCO INTERNATIONAL LTD(SWITZER COM h89128104 20 500 SH SOLE 500 UNION PACIFIC CORP COM 907818108 196 2116 SH SOLE 2116 UNITED TECHS CORP COM COM 913017109 8499 107969 SH SOLE 107969 UNITEDHEALTH GROUP COM 91324p102 386 10695 SH SOLE 10695 US BANCORP (NEW) COM 902973304 1427 52934 SH SOLE 52934 US NATURAL GAS FUND LP COM 912318102 64 10700 SH SOLE 10700 VERISIGN INC COM 92343e102 678 20773 SH SOLE 20773 VERIZON COMMUNICATIONS COM 92343v104 3015 84274 SH SOLE 84274 25 700 SH DEFINED 700 VIACOMINC NEW CL B COM 92553p201 3 77 SH SOLE 77 VISA INC COM CL A COM 92826c839 925 13145 SH SOLE 13145 WAL-MART STORES INC COM 931142103 429 7966 SH SOLE 7966 WALGREEN COMPANY COM 931422109 645 16560 SH SOLE 16560 WD 40 CO COM 929236107 906 22500 SH SOLE 22500 WELLS FARGO & CO NEW DEL COM 949746101 11851 382434 SH SOLE 382434 WESTERN UNION CO COM COM 959802109 268 14451 SH SOLE 14451 WHIRLPOOL CORP COM 963320106 7 86 SH SOLE 86 WINDSTREAMCORP COM COM 97381w104 278 19959 SH SOLE 19959 WING HANG BANK LTD SHS ISIN#HK COM Y9588K109 2074 150000 SH SOLE 150000 XEROXCORP COM 984121103 4 400 SH SOLE 400

ZIMMER HLDGS INC COM 98956p102 1736 32346 SH SOLE 32346 BUCKEYE PARTNERS L.P LPUS 118230101 1236 18500.000 SH SOLE 18500.000 CEDAR FAIR, L.P.DEP UNIT LPUS 150185106 510 33666.000 SH SOLE 33666.000 ENBRIDGE ENERGY PARTNERSLP LPUS 29250r106 527 8450.000 SH SOLE 8450.000 KINDER MORGAN ENERGY PARTNERS LPUS 494550106 2245 31966.000 SH SOLE 31966.000 BNY CAP V TR PFD SECS SER F 5. PRD 09656H209 200 8044 SH SOLE 8044 CAPITOL TR XII PFD 10.5% CUMUL PRD cbc.b 28 19000 SH SOLE 19000 US BANCORP DEL PFD1/1000SER D PRD 902973882 219 8124 SH SOLE 8124 USB CAP VI 5.75% GTD TR PFD SE PRD 903304202 223 9000 SH SOLE 9000 WELLS FARGO CAP XIV ENH TRUPS PRD 643 23348 SH SOLE 23348 27 1000 SH DEFINED 1000 BARCLAYS BANK PLC PFD IPATH S& 06740C527 246 6545.0000 SH SOLE 6545.0000 ISHARES S&P LATIN AMERICA 40 464287390 211 3930.0000 SH SOLE 3930.0000 ISHARES TR DOW JONES US ENERGY 464287796 215 5528.0000 SH SOLE 5528.0000 ISHARES TR DOW JONES US HEALTH 464287762 242 3705.0000 SH SOLE 3705.0000 ISHARES TR DOW JONES US INDL S 464287754 367 5613.0000 SH SOLE 5613.0000 ISHARES TR DOW JONES USTECHNOL 464287721 476 7404.0000 SH SOLE 7404.0000 ISHARES TR GOLDMAN SACHS NAT R 464287374 651 15626.0000 SH SOLE 15626.0000 ISHARES TR MSCIEAFE INDEX FD 464287465 229 3936.2390 SH SOLE 3936.2390 ISHARES TR MSCIEMERGING MKTS I 464287234 331 6950.2150 SH SOLE 6950.2150 ISHARES TR NASDAQ BIOTECHNOLOG 464287556 460 4929.0000 SH SOLE 4929.0000 ISHARES TR RUSSELL 2000INDEX F 464287655 254 3258.0000 SH SOLE 3258.0000 ISHARES TR RUSSELL MIDCAPINDEX 464287499 437 4302.0000 SH SOLE 4302.0000 ISHARES TR S&P EUROPE350 INDEX 464287861 293 7466.0000 SH SOLE 7466.0000 ISHARES TR S&P GLOBALCLEAN ENE 464288224 398 25150.0000 SH SOLE 25150.0000 SECTOR SPDR TR SHS BENINT FINA 81369y605 383 24056.1250 SH SOLE 24056.1250 SPDR GOLD TR GOLD SHS 78463v107 1089 7857.0000 SH SOLE 7857.0000 SPDR S&P GLOBAL NATURAL RESOUR 78463X541 260 4400.0000 SH SOLE 4400.0000 SPDR SER TR S&PBIOTECH ETF 78464a870 4340 68814.0420 SH SOLE 774.000068040.0420 VANGUARD EMERGING MKTSVIPERS 922042858 7183 149196.0500 SH SOLE 1642.0000147554.0500 VANGUARD INDEX FDS FORMERLYVAN 922908553 3443 62190.8620 SH SOLE 62190.8620 VANGUARD INDEX FDS GROWTH ETF 922908736 231 3776.0000 SH SOLE 2776.00001000.0000 VANGUARD INDEX FDS VANGUARDMID 922908629 9295 124839.2820 SH SOLE 124839.2820 VANGUARD INDEX FDS VANGUARDSMA 922908751 5258 72406.2240 SH SOLE 72406.2240 VANGUARD INTL EQTY IDX EURPEAN 922042874 2497 50867.0000 SH SOLE 867.000050000.0000 VANGUARD INTL EQUITY INDEXFD I 922042775 19113 400453.2860 SH SOLE 400453.2860 VANGUARD SECTOR INDEXFDS CONSU 92204a108 4573 75630.0900 SH SOLE 75630.0900 VANGUARD SECTOR INDEXFDS CONSU 92204a207 6292 85739.5720 SH SOLE 85739.5720 VANGUARD SECTOR INDEXFDS VANGU 92204a306 7226 72505.6368 SH SOLE 72505.6368 VANGUARD SECTOR INDEXFDS VANGU 92204a405 6550 199236.1380 SH SOLE 199236.1380 VANGUARD SECTOR INDEXFDS VANGU 92204a504 7177 127595.1510 SH SOLE 127595.1510 VANGUARD SECTOR INDEXFDS VANGU 92204a603 5957 91900.9580 SH SOLE 91900.9580 VANGUARD SECTOR INDEXFDS VANGU 92204a702 7506 122015.6764 SH SOLE 122015.6764 VANGUARD SECTOR INDEXFDS VANGU 92204a801 2670 32326.7906 SH SOLE 32326.7906 VANGUARD WHITEHALL FDSHIGH DIV 921946406 810 19189.6290 SH SOLE 19189.6290

Howe Barnes Capital Management, Inc. 13F-HR