13F-HR 1 form13fhr.txt NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 3/31/2012 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: AKJ Asset Management, LLC Address: 1180 Harker Avenue Palo Alto, CA 94301 Form 13F File Number: 28-10308 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 submission. Persons Signing this Report on Behalf of Reporting Manager: Name: Kenneth R. Bilodeau, Jr. Title: Manager Phone: 650-326-9090 Signature, Place, and Date of Signing: /s/ Kenneth R. Bilodeau, Jr. Palo Alto, CA 4/5/2012 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 72 Form 13F Information Table Value Total: $ 129,484 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------ -------------- --------- -------- ----------------- ---------- -------- ------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------ -------------- --------- -------- -------- --- ---- ---------- -------- ---- ------ ------- Apple Computer ~~COM~~cs 037833100 ~~267~~396 660 SH SOLE N/A 0 n/a 660 ABM Industries, Inc. ~~COM~~cs 000957100 ~~268~~316 13,000 SH SOLE N/A 0 n/a 13,000 Automatic Data Proc ~~COM~~cs 053015103 2,~~912~~975 53,909 SH SOLE N/A 0 n/a 53,909 Ameren Corp. ~~COM~~cs 023608102 ~~901~~843 2725,~~186~~866 SH SOLE N/A 0 n/a 2725,~~186~~866 Amer Electric Power ~~COM~~cs 025537101 1,~~410~~557 3440,~~135~~370 SH SOLE N/A 0 n/a 3440,~~135~~370 AFLAC Inc ~~COM~~cs 001055102 1,~~616~~718 37,364 SH SOLE N/A 0 n/a 37,364 Amerigas Partners oa 030975106 ~~1,117~~931 2422,~~323~~973 SH SOLE N/A 0 n/a 2422,~~323~~973 Ares Capital Corp. ~~COM~~cs 04010L103 ~~334~~401 2124,~~620~~535 SH SOLE N/A 0 n/a 2124,~~620~~535 American Express ~~COM~~cs 025816109 ~~592~~727 12,557 SH SOLE N/A 0 n/a 12,557 Boeing ~~COM~~cs 097023105 2,~~765~~804 37,700 SH SOLE N/A 0 n/a 37,700 Bank America ~~COM~~cs 060505104 ~~515~~887 92,634 SH SOLE N/A 0 n/a 92,634 BP PLC ADR ~~COM~~cs 055622104 2,~~402~~624 5658,~~200~~300 SH SOLE N/A 0 n/a 5658,~~200~~300 Conagra Foods Inc. ~~COM~~cs 205887102 ~~691~~716 2627,~~165~~265 SH SOLE N/A 0 n/a 2627,~~165~~265 Caterpillar Inc. ~~COM~~cs 149123101 23,~~713~~190 29,950 SH SOLE N/A 0 n/a 29,950 Mack Cali RealtyREIT oa 554489104 2,~~213~~443 8284,~~905~~755 SH SOLE N/A 0 n/a 8284,~~905~~755 Cisco Systems ~~COM~~cs 17275R102 23,~~902~~416 ~~160~~161,~~494~~504 SH SOLE N/A 0 n/a ~~160~~161,~~494~~504 Capitalsource Inc ~~COM~~cs 14055X102 ~~458~~443 6867,~~292~~192 SH SOLE N/A 0 n/a 6867,~~292~~192 Dominion Res Inc VA ~~COM~~cs 25746U109 1,~~912~~937 3637,~~015~~815 SH SOLE N/A 0 n/a 3637,~~015~~815 Diebold Incorporated ~~COM~~cs 253651103 1,~~490~~909 49,550 SH SOLE N/A 0 n/a 49,550 D T E Energy Company ~~COM~~cs 233331107 ~~312~~315 5,725 SH SOLE N/A 0 n/a 5,725 Duke Power ~~COM~~cs 26441C105 1,~~209~~205 5457,~~967~~367 SH SOLE N/A 0 n/a 5457,~~967~~367 I Shares Dow Div utcs 464287168 4,~~244~~417 78,932 SH SOLE N/A 0 n/a 78,932 Consolidated Edison ~~COM~~cs 209115104 21,~~129~~999 34,~~322~~222 SH SOLE N/A 0 n/a 34,~~322~~222 I Share Tr MSCI utcs 464287465 2,~~078~~300 41,~~958~~904 SH SOLE N/A 0 n/a 41,~~958~~904 Emerson Electric Co ~~COM~~cs 291011104 2,~~541~~841 54,~~550~~450 SH SOLE N/A 0 n/a 54,~~550~~450 General Electric ~~COM~~cs 369604103 2,~~248~~536 ~~125~~126,~~533~~333 SH SOLE N/A 0 n/a ~~125~~126,~~533~~333 Great Plains Energy ~~COM~~cs 391164100 1,~~860~~745 8586,~~404~~104 SH SOLE N/A 0 n/a 8586,~~404~~104 Health Care REIT oa 42217K106 ~~246~~248 4,507 SH SOLE N/A 0 n/a 4,507 HCP Inc. REIT oa 40414L109 3,~~573~~510 8688,~~238~~938 SH SOLE N/A 0 n/a 8688,~~238~~938 Hawaiian Elec Indus ~~COM~~cs 419870100 ~~627~~600 23,670 SH SOLE N/A 0 n/a 23,670 Hospitality Pptys Tr oa 44106M102 1,~~664~~917 72,425 SH SOLE N/A 0 n/a 72,425 iShares iBoxx HY Cor ~~COM~~cs 464288513 ~~238~~289 23,~~665~~190 SH SOLE N/A 0 n/a 23,~~665~~190 Intel ~~COM~~cs 458140100 3,~~280~~786 ~~135~~134,~~268~~668 SH SOLE N/A 0 n/a ~~135~~134,~~268~~668 ISharesRussl1000Valu ~~COM~~cs 464287598 1,~~270~~401 20,000 SH SOLE N/A 0 n/a 20,000 ISharesRussl 1000 Gr ~~COM~~cs 464287614 1,~~471~~682 25,450 SH SOLE N/A 0 n/a 25,450 Johnson and Johnson ~~COM~~cs 478160104 1,~~482~~484 22,~~593~~493 SH SOLE N/A 0 n/a 22,~~593~~493 JP Morgan Chase ~~COM~~cs 46625H100 23,~~442~~367 73,~~435~~235 SH SOLE N/A 0 n/a 73,~~435~~235 ~~Kraft Foods COM 50075N104 278 7,450 SH SOLE N/A 0 n/a 7,450~~ Kinder Morgan Hold ~~COM~~cs 49455B101 1,~~440~~730 44,750 SH SOLE N/A 0 n/a 44,750 Kinder Morgan Energy oa 494550106 4,~~560~~210 5350,~~680~~880 SH SOLE N/A 0 n/a 5350,~~680~~880 Kinder Morgan Mgmt ~~COM~~cs 49455U100 1,~~822~~776 23,~~199~~793 SH SOLE N/A 0 n/a 23,~~199~~793 Coca-Cola Co. ~~COM~~cs 191216100 3,~~341~~534 47,746 SH SOLE N/A 0 n/a 47,746 Lincoln National ~~COM~~cs 534187109 ~~655~~857 3332,~~717~~517 SH SOLE N/A 0 n/a 3332,~~717~~517 Herman Miller Inc ~~COM~~cs 600544100 ~~195~~242 10,558 SH SOLE N/A 0 n/a 10,558 3M Company ~~COM~~cs 88579Y101 23,~~965~~237 36,282 SH SOLE N/A 0 n/a 36,282 Altria Group Inc ~~COM~~cs 02209S103 ~~480~~499 16,175 SH SOLE N/A 0 n/a 16,175 Marathon Pete Corp ~~COM~~cs 56585A102 1,~~076~~397 32,~~325~~225 SH SOLE N/A 0 n/a 32,~~325~~225 Marathon Oil Corp ~~COM~~cs 565849106 12,~~892~~049 64,650 SH SOLE N/A 0 n/a 64,650 Nveen CA Mn Val Mf ~~COM~~cs 67062C107 ~~945~~973 99,332 SH SOLE N/A 0 n/a 99,332 Nucor Corp ~~COM~~cs 670346105 2,~~562~~734 6463,~~750~~650 SH SOLE N/A 0 n/a 6463,~~750~~650 O G E Energy Cp Hldg ~~COM~~cs 670837103 ~~755~~713 13,320 SH SOLE N/A 0 n/a 13,320 Oracle ~~COM~~cs 68389X105 12,~~838~~083 71,~~650~~450 SH SOLE N/A 0 n/a 71,~~650~~450 Occidental Pet ~~COM~~cs 674599105 ~~216~~219 2,300 SH SOLE N/A 0 n/a 2,300 Precision Castparts ~~COM~~cs 740189105 6,~~568~~870 39,~~858~~733 SH SOLE N/A 0 n/a 39,~~858~~733 Pfizer ~~COM~~cs 717081103 1,~~430~~516 66,~~100~~950 SH SOLE N/A 0 n/a 66,~~100~~950 Proctor and Gamble ~~COM~~cs 742718109 3,~~423~~452 51,~~316~~366 SH SOLE N/A 0 n/a 51,~~316~~366 Progress Energy Inc ~~COM~~cs 743263105 2,~~379~~255 42,460 SH SOLE N/A 0 n/a 42,460 Philip Morris Intnl ~~COM~~cs 718172109 1,~~081~~221 13,775 SH SOLE N/A 0 n/a 13,775 Pinnacle West ~~COM~~cs 723484101 1,~~059~~110 2123,~~975~~175 SH SOLE N/A 0 n/a 2123,~~975~~175 Penn West Pete Ltd ~~COM~~cs 707887105 2,~~953~~919 149,147 SH SOLE N/A 0 n/a 149,147 Scana Corporation cs 80589M102 2,326 51,000 SH SOLE N/A 0 n/a 51,000

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