Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	LEUCADIA NATL CORP	7,771,401	$204M	4.6%	—	—	COM	527288104
—	ENSTAR GROUP LTD	1,197,542	$181M	4.1%	—	—	COM	G3075P101
BAX	BAXTER INTL INC	2,212,554	$160M	3.6%	—	—	COM	071813109
QCOM	QUALCOMM INC COM	1,797,800	$142M	3.2%	—	—	COM	747525103
DVN	DEVON ENERGY CORP NEW COM	1,632,916	$130M	2.9%	—	—	COM	25179M103
ABT	ABBOTT LABS	3,009,204	$123M	2.8%	—	—	COM	002824100
DOV	DOVER CORP	1,352,786	$123M	2.8%	—	—	COM	260003108
ROP	ROPER INDS INC NEW	837,598	$122M	2.7%	—	—	COM	776696106
—	ANHEUSER BUSCH INBEV SPONSORED	1,063,467	$122M	2.7%	—	—	COM	03524a108
—	BROOKFIELD ASSET MANAGEMENT-CL	2,753,293	$121M	2.7%	—	—	COM	112585104
FLR	FLUOR CORP	1,408,297	$108M	2.4%	—	—	COM	343412102
SLB	SCHLUMBERGER LTD	859,797	$101M	2.3%	—	—	COM	806857108
USB	US BANCORP DEL COM	2,264,096	$98.08M	2.2%	—	—	COM	902973304
IBM	INTL. BUSINESS MACHINES	535,187	$97.01M	2.2%	—	—	COM	459200101
—	NATIONAL OILWELL VARCO INC.	1,145,416	$94.33M	2.1%	—	—	COM	637071101
—	NOBLE CORP PLC	2,760,624	$92.65M	2.1%	—	—	COM	G65431101
—	RENAISSANCE RE HLDGS	852,182	$91.18M	2.0%	—	—	COM	g7496g103
JNJ	JOHNSON & JOHNSON	846,757	$88.59M	2.0%	—	—	COM	478160104
—	GLOBALSTAR INC	19,776,040	$84.05M	1.9%	—	—	COM	378973408
MRK	MERCK & CO INC	1,445,200	$83.61M	1.9%	—	—	COM	58933Y105
—	LAB.CP OF AMER HLDGS.	790,967	$81M	1.8%	—	—	COM	50540R409
MSFT	MICROSOFT CORP	1,889,040	$78.77M	1.8%	—	—	COM	594918104
MKL	MARKEL CORP COM	117,656	$77.14M	1.7%	—	—	COM	570535104
—	BLACKSTONE GROUP L P COM UNIT	2,303,377	$77.03M	1.7%	—	—	COM	09253u108
WAT	WATERS CORPORATION	694,331	$72.52M	1.6%	—	—	COM	941848103
—	BED BATH & BEYOND INC	1,257,697	$72.17M	1.6%	—	—	COM	075896100
—	HOMEFED CORP	1,205,866	$69.94M	1.6%	—	—	COM	43739d307
COP	CONOCOPHILLIPS COM	802,288	$68.78M	1.5%	—	—	COM	20825C104
SUBCY	SUBSEA 7 S A SPONSORED ADR	3,630,259	$67.89M	1.5%	—	—	COM	864323100
MTDR	MATADOR RES CO COM	1,986,465	$58.16M	1.3%	—	—	COM	576485205
XOM	EXXON MOBIL CORP	546,337	$55.01M	1.2%	—	—	COM	30231G102
BRK/B	BERKSHIRE HATHAW.CLB	430,439	$54.48M	1.2%	—	—	COM	084670702
—	ENCANA CORP	2,270,518	$53.83M	1.2%	—	—	COM	292505104
SJT	SAN JUAN BASIN RTUBI	2,733,360	$52.73M	1.2%	—	—	COM	798241105
LOW	LOWES COS INC COM	1,037,725	$49.8M	1.1%	—	—	COM	548661107
UNP	UNION PAC CORP	469,146	$46.8M	1.1%	—	—	COM	907818108
—	GOOGLE INC CL A	73,844	$43.17M	1.0%	—	—	COM	38259p508
—	GOOGLE INC CL C	74,199	$42.69M	1.0%	—	—	COM	38259p706
—	CARLYLE GROUP L P COM UTS LTD	1,070,406	$36.35M	0.8%	—	—	COM	14309l102
—	LEVEL 3 COMMUNICATIONS COM NEW	806,008	$35.39M	0.8%	—	—	COM	52729N308
WAB	WABTEC CORPORATION	403,857	$33.35M	0.7%	—	—	COM	929740108
—	SPECTRA ENERGY CORP.	768,998	$32.67M	0.7%	—	—	COM	847560109
AXS	AXIS CAP.HOLDGS.LTD.	717,235	$31.76M	0.7%	—	—	COM	G0692U109
—	BOULEVARD ACQUIS CORP UT1COM &	3,138,818	$31.7M	0.7%	—	—	COM	10157p203
WMB	WILLIAMS COS INC DEL	511,215	$29.76M	0.7%	—	—	COM	969457100
AXP	AMERICAN EXPRESS CO	307,819	$29.2M	0.7%	—	—	COM	025816109
—	PICO HOLDINGS INC	1,071,631	$25.46M	0.6%	—	—	COM	693366205
VZ	VERIZON COMM.	516,397	$25.27M	0.6%	—	—	COM	92343V104
—	BRISTOW GROUP INC COM	294,347	$23.73M	0.5%	—	—	COM	110394103
FDX	FEDEX CORP	145,895	$22.09M	0.5%	—	—	COM	31428X106
—	ROYAL DUTCH SHELL PLC SPON ADR	240,431	$19.8M	0.4%	—	—	COM	780259206
CVX	CHEVRON CORPORATION	149,201	$19.48M	0.4%	—	—	COM	166764100
—	DUKE ENERGY CORP NEW COM NEW	223,559	$16.59M	0.4%	—	—	COM	26441c204
WMT	WAL MART STORES INC	205,135	$15.4M	0.3%	—	—	COM	931142103
SYY	SYSCO CORP COM	376,242	$14.09M	0.3%	—	—	COM	871829107
BRK/A	BERKSHIRE HATHAW.CLA	74	$14.05M	0.3%	—	—	COM	084670108
MTB	M & T BK CORP	95,319	$11.82M	0.3%	—	—	COM	55261F104
—	HUBBELL INC B	95,796	$11.8M	0.3%	—	—	COM	443510201
—	GENERAL ELEC CO	445,065	$11.7M	0.3%	—	—	COM	369604103
KMB	KIMBERLY CLARK CORP	103,429	$11.5M	0.3%	—	—	COM	494368103
EMR	EMERSON ELEC CO	170,511	$11.31M	0.3%	—	—	COM	291011104
—	FREEPORT-MCMORAN INC CL B	291,763	$10.65M	0.2%	—	—	COM	35671d857
—	NOW INC COM	286,472	$10.37M	0.2%	—	—	COM	67011p100
AAPL	APPLE INC COM	110,649	$10.28M	0.2%	—	—	COM	037833100
PG	PROCTER & GAMBLE	126,300	$9.926M	0.2%	—	—	COM	742718109
PM	PHILIP MORRIS INTL INC COM	109,065	$9.195M	0.2%	—	—	COM	718172109
—	GRUPO TELEVISA SA - SPONS ADR	261,770	$8.981M	0.2%	—	—	COM	40049j206
—	POTASH CP OF SASKATCHEWAN	231,900	$8.803M	0.2%	—	—	COM	73755L107
KO	COCA-COLA CO	197,285	$8.357M	0.2%	—	—	COM	191216100
—	KNOWLES CORP.	243,599	$7.488M	0.2%	—	—	COM	49926d109
CVE	CENOVUS ENERGY INC COM	229,365	$7.425M	0.2%	—	—	COM	15135U109
—	HUNTINGDON CAPITAL CORP.	647,250	$7.251M	0.2%	—	—	COM	B3YY804
HD	HOME DEPOT INC COM	82,061	$6.644M	0.1%	—	—	COM	437076102
—	DIRECTV COM	74,627	$6.344M	0.1%	—	—	COM	25490a309
WFC	WELLS FARGO & CO NEW	116,486	$6.123M	0.1%	—	—	COM	949746101
CL	COLGATE PALMOLIVE CO	83,390	$5.686M	0.1%	—	—	COM	194162103
—	NOBLE ENERGY INC	73,250	$5.674M	0.1%	—	—	COM	655044105
—	HESS CORPORATION	56,766	$5.614M	0.1%	—	—	COM	42809h107
APD	AIR PRODUCTS & CHEMICALS INC	43,625	$5.611M	0.1%	—	—	COM	009158106
—	CHUBB CORP COM	60,043	$5.534M	0.1%	—	—	COM	171232101
—	DUFRY AG	30,000	$5.453M	0.1%	—	—	COM	b0r80x9
MMM	3M COMPANY	36,142	$5.177M	0.1%	—	—	COM	88579Y101
WWD	WOODWARD INC COM	103,011	$5.169M	0.1%	—	—	COM	980745103
—	PRAXAIR INC COM	35,667	$4.738M	0.1%	—	—	COM	74005P104
—	HUNTINGDON CAP CORP COM	423,331	$4.728M	0.1%	—	—	COM	44586v101
DIS	DISNEY WALT CO	54,002	$4.63M	0.1%	—	—	COM	254687106
MO	ALTRIA GROUP INC	105,940	$4.443M	0.1%	—	—	COM	02209S103
—	ABBVIE INC. COM	78,295	$4.419M	0.1%	—	—	COM	00287y109
—	PANIN FINANCIAL TBK	21,226,380	$4.379M	0.1%	—	—	COM	6671422
—	UNITED TECHNOLOGIES CP	36,871	$4.257M	0.1%	—	—	COM	913017109
FISV	FISERV INC	66,341	$4.002M	0.1%	—	—	COM	337738108
JPM	JPMORGAN CHASE & CO.	66,709	$3.844M	0.1%	—	—	COM	46625H100
PFE	PFIZER INC	129,424	$3.841M	0.1%	—	—	COM	717081103
GLD	SPDR GOLD TRUST	28,226	$3.614M	0.1%	—	—	EMF	78463V107
CNI	CANADIAN NATL RAILWAY	50,900	$3.309M	0.1%	—	—	COM	136375102
PEP	PEPSICO INC COM	36,888	$3.296M	0.1%	—	—	COM	713448108
BMY	BRISTOL MYERS SQUIBB	67,545	$3.276M	0.1%	—	—	COM	110122108
—	HUBBELL INC CL A	25,964	$3.24M	0.1%	—	—	COM	443510102
—	HCC INS HLDGS INC	65,081	$3.185M	0.1%	—	—	COM	404132102
COST	COSTCO WHSL CORP NEW	27,576	$3.176M	0.1%	—	—	COM	22160K105
NSRGY	NESTLE SA SPONSORED ADR	40,782	$3.168M	0.1%	—	—	COM	641069406
WLY	WILEY JOHN & SONS CLA	51,550	$3.123M	0.1%	—	—	COM	968223206
—	GENTING BHD	999,900	$3.111M	0.1%	—	—	COM	B1VXJL8
—	CRIMSON WINE GROUP LTD COM	330,580	$2.992M	0.1%	—	—	COM	22662x100
—	FAIRFAX FINL HLDGS SUB VTG	6,235	$2.959M	0.1%	—	—	COM	2566351
BA	BOEING CO COM	22,749	$2.894M	0.1%	—	—	COM	097023105
CHCO	CITY HLDG CO COM	63,911	$2.884M	0.1%	—	—	COM	177835105
—	DEWAN HOUSING FIN	465,285	$2.804M	0.1%	—	—	COM	6727585
—	AT&T CORP	74,741	$2.643M	0.1%	—	—	COM	00206r102
NVS	NOVARTIS A G SPONSORED ADR	28,299	$2.562M	0.1%	—	—	COM	66987V109
—	ARAB BANK	213,328	$2.558M	0.1%	—	—	COM	B074509
—	ONEOK PARTNERS LP UNIT LTD PAR	42,405	$2.485M	0.1%	—	—	COM	68268N103
—	ARCHER LTD	1,384,700	$2.484M	0.1%	—	—	COM	b2850b1
AZO	AUTOZONE INC	4,550	$2.44M	0.1%	—	—	COM	053332102
—	VIACOM INC CL B	27,460	$2.382M	0.1%	—	—	COM	92553P201
—	BHARAT INVESTORS, L.P.	175,203	$2.33M	0.1%	—	—	LP	bharatinv
HON	HONEYWELL INTL INC	24,280	$2.257M	0.1%	—	—	COM	438516106
—	PETROAMERICA OIL CORP COM	6,418,800	$2.196M	0.0%	—	—	COM	2173858
—	TORCHMARK CORP COM	26,450	$2.167M	0.0%	—	—	COM	891027104
—	EAGLEWOOD INCOME FUND I	200,000	$2.158M	0.0%	—	—	LP	eaglewood
—	KCELL JT STK CO SPON GDR REG S	157,360	$2.156M	0.0%	—	—	COM	48668g205
AMGN	AMGEN INC COM	17,873	$2.116M	0.0%	—	—	COM	031162100
SO	SOUTHERN CO COM	45,428	$2.061M	0.0%	—	—	COM	842587107
—	PENN WEST PETE LTD NEW COM	211,000	$2.061M	0.0%	—	—	COM	b63fy34
—	AQUASITION CORP UNIT EX 000017	200,000	$2.054M	0.0%	—	—	COM	y0192h129
CSCO	CISCO SYS INC	81,625	$2.028M	0.0%	—	—	COM	17275R102
TD	TORONTO-DOMINION BK	39,156	$2.013M	0.0%	—	—	COM	891160509
ITW	ILLINOIS TOOL WKS INC	22,849	$2.001M	0.0%	—	—	COM	452308109
DHR	DANAHER CORP DEL	25,239	$1.987M	0.0%	—	—	COM	235851102
—	RECKITT BENCKISER GROUP PLC	22,600	$1.968M	0.0%	—	—	COM	G74079107
—	WHEELOCK & COMPANY	469,000	$1.958M	0.0%	—	—	COM	6981488
BK	BANK NEW YORK MELLON CORP	52,206	$1.957M	0.0%	—	—	COM	064058100
—	FAM REAL ESTATE UNIT	233,500	$1.924M	0.0%	—	—	COM	b8jf3x5
D	DOMINION RESOURCES	26,415	$1.889M	0.0%	—	—	COM	25746U109
—	FIRST PACIFIC CO	1,649,000	$1.843M	0.0%	—	—	COM	6339872
SPY	SPDR TR UNIT SER 1 STANDARD &	9,249	$1.81M	0.0%	—	—	EMF	78462F103
—	BBA AVIATION PLC	340,000	$1.798M	0.0%	—	—	COM	B1FP891
—	LINEAR TECHNOLOGY CORP COM	38,150	$1.796M	0.0%	—	—	COM	535678106
—	JPMORGAN CHASE & CO WT EXP 102	92,100	$1.78M	0.0%	—	—	WT	46634e114
—	LIBERTY MEDIA CORPORAT LIB CAP	12,396	$1.695M	0.0%	—	—	COM	531229102
BEN	FRANKLIN RES INC COM	29,125	$1.685M	0.0%	—	—	COM	354613101
AJG	GALLAGHER ARTHUR J	36,000	$1.678M	0.0%	—	—	COM	363576109
—	EMPRESAS ICA SAB	840,000	$1.634M	0.0%	—	—	COM	b0mt4r9
CVS	CVS CAREMARK CORP	20,506	$1.545M	0.0%	—	—	COM	126650100
MDLZ	MONDELEZ INTL INC COM	40,075	$1.507M	0.0%	—	—	COM	609207105
—	EXPRESS SCRIPTS INC COM	21,498	$1.49M	0.0%	—	—	COM	30219g108
—	WELLS FARGO & CO NEW WT EXP 10	68,500	$1.478M	0.0%	—	—	WT	949746119
FANUY	FANUC CORPORATION ADR	50,200	$1.446M	0.0%	—	—	COM	307305102
—	BRIGHTWOOD SWITCH SPV, LP.	117,073	$1.442M	0.0%	—	—	LP	brightwlp
INTC	INTEL CORP COM	46,627	$1.441M	0.0%	—	—	COM	458140100
—	FANUC LTD	8,300	$1.431M	0.0%	—	—	COM	6356934
—	WALGREEN CO COM	18,875	$1.399M	0.0%	—	—	COM	931422109
TEVA	TEVA PHARMAC.IND.ADR	25,675	$1.346M	0.0%	—	—	COM	881624209
—	CANADIAN PAC RY LTD COM	7,336	$1.329M	0.0%	—	—	COM	13645T100
NEE	NEXTERA ENERGY INC.	12,729	$1.305M	0.0%	—	—	COM	65339F101
MCD	MCDONALDS CORP COM	12,901	$1.3M	0.0%	—	—	COM	580135101
—	TRI CONTL CORP PFD $2.50	27,702	$1.268M	0.0%	—	—	PFD	895436202
BP	BP P.L.C.	23,593	$1.245M	0.0%	—	—	COM	055622104
ADP	AUTOM.DATA PROCESSING	15,506	$1.229M	0.0%	—	—	COM	053015103
—	TOTAL FINA ELF S A ADR	17,005	$1.228M	0.0%	—	—	COM	89151E109
—	WHITING PETROLEUM CORP	15,200	$1.22M	0.0%	—	—	COM	966387102
HSBC	HSBC HLDGS PLC SPON ADR	23,975	$1.218M	0.0%	—	—	COM	404280406
—	CELGENE CORP	13,700	$1.177M	0.0%	—	—	COM	151020104
—	SOFTBANK CORP	15,800	$1.176M	0.0%	—	—	COM	6770620
—	BARD C R INC COM	8,050	$1.151M	0.0%	—	—	COM	067383109
—	CLARCOR INC COM	18,500	$1.144M	0.0%	—	—	COM	179895107
OMC	OMNICOM GROUP INC	16,000	$1.14M	0.0%	—	—	COM	681919106
—	COMCAST CORP - SP. CL A	21,037	$1.122M	0.0%	—	—	COM	20030N200
—	G4S	255,000	$1.114M	0.0%	—	—	COM	b01flg6
—	COCA COLA EMBONOR	616,000	$1.114M	0.0%	—	—	COM	2411547
—	TESCO	225,500	$1.097M	0.0%	—	—	COM	0884709
—	THE TRAVELERS COMPANIES, INC	11,154	$1.049M	0.0%	—	—	COM	89417e109
—	AIR LEASE CORP CL A	27,150	$1.047M	0.0%	—	—	COM	00912x302
—	KINROSS GOLD CORP COM NO PAR	252,000	$1.044M	0.0%	—	—	COM	B03Z841
—	HEWLETT-PACKARD CO	30,250	$1.019M	0.0%	—	—	COM	428236103
MTD	METTLER TOLEDO INT'L	4,000	$1.013M	0.0%	—	—	COM	592688105
NDSN	NORDSON CORP COM	12,600	$1.01M	0.0%	—	—	COM	655663102
BIDU	BAIDU INC SPON ADR REP A	5,401	$1.009M	0.0%	—	—	COM	056752108
FLS	FLOWSERVE CORP COM	13,362	$993K	0.0%	—	—	COM	34354P105
—	PAREXEL INTL CORP COM	18,600	$983K	0.0%	—	—	COM	699462107
—	ONEX COPR SUB VTG (ONEXF)	15,550	$964K	0.0%	—	—	COM	68272k103
—	LIBERTY INTERACTIVE CO INT COM	32,605	$957K	0.0%	—	—	COM	53071m104
—	GLAXO SMITHKL.PLC ADR	17,560	$939K	0.0%	—	—	COM	37733W105
—	ANADARKO PETE CORP	8,513	$932K	0.0%	—	—	COM	032511107
—	COAL INDIA LTD	145,000	$927K	0.0%	—	—	COM	b4z9xf5
CMCSA	COMCAST CORP CL A	16,910	$908K	0.0%	—	—	COM	20030N101
—	VARIAN MEDICAL SYSTEMS INC	10,925	$908K	0.0%	—	—	COM	92220p105
—	NESTLE SA	11,720	$908K	0.0%	—	—	COM	7123870
ED	CONSOLIDATED EDISON	15,559	$899K	0.0%	—	—	COM	209115104
—	ASIAN SELECT EQUITY INVEST. PA	250,000	$894K	0.0%	—	—	LP	ASIAN
V	VISA INC COM CL A	4,186	$882K	0.0%	—	—	COM	92826C839
PGR	PROGRESSIVE CORP OHIO	34,496	$875K	0.0%	—	—	COM	743315103
HGTXU	HUGOTON ROYALTY TRUST SHS BEN	78,850	$866K	0.0%	—	—	COM	444717102
CBSH	COMMERCE BANCSHARES COM	18,579	$864K	0.0%	—	—	COM	200525103
LMT	LOCKHEED MARTIN CORP.	5,330	$857K	0.0%	—	—	COM	539830109
GIS	GENERAL MLS INC COM	16,100	$846K	0.0%	—	—	COM	370334104
DE	DEERE & CO COM	9,315	$843K	0.0%	—	—	COM	244199105
—	MIDLAND IC&I LTD	15,151,000	$841K	0.0%	—	—	COM	6420077
—	UGL LIMITED	125,945	$813K	0.0%	—	—	COM	6914871
—	MEDTRONIC INC	12,573	$802K	0.0%	—	—	COM	585055106
—	PETROMANAS ENERGY INC COM	2,651,700	$799K	0.0%	—	—	COM	71672A105
—	LAKELAND BANCORP INC COM	73,605	$795K	0.0%	—	—	COM	511637100
—	OSLO BORS VPS HLDG	63,440	$776K	0.0%	—	—	COM	b1vwqr0
—	RAYTHEON COMPANY	8,322	$768K	0.0%	—	—	COM	755111507
BWEL	BOSWELL J G CO	738	$748K	0.0%	—	—	COM	101205102
—	BANK OF AMERICA CORP WT EXP 01	109,000	$747K	0.0%	—	—	WT	060505146
—	DU PONT EI DE NEMOURS	11,290	$739K	0.0%	—	—	COM	263534109
PEG	PUBLIC SERVICE ENTERPRISE GR	17,866	$729K	0.0%	—	—	COM	744573106
—	UNILEVER N V N Y SHS	16,521	$723K	0.0%	—	—	COM	904784709
NTRS	NORTHERN TR CORP COM	11,150	$716K	0.0%	—	—	COM	665859104
TGT	TARGET CORP COM	12,320	$714K	0.0%	—	—	COM	87612E106
HELE	HELEN OF TROY LTD NEW	11,542	$700K	0.0%	—	—	COM	G4388N106
ABBNY	ABB LTD.	30,000	$690K	0.0%	—	—	COM	000375204
—	SUDAMERICANA VAPOR	17,032,937	$686K	0.0%	—	—	COM	2196338
—	CANADIAN OIL SANDS TRUST (COS.	29,781	$675K	0.0%	—	—	COM	13643e105
SWK	STANLEY BLACK & DECKER COM	7,539	$662K	0.0%	—	—	COM	854502101
L	LOEWS CORP.	14,996	$660K	0.0%	—	—	COM	540424108
BRC	BRADY CORP CL A	21,600	$645K	0.0%	—	—	COM	104674106
—	VALUE PARTNERS GP	959,000	$642K	0.0%	—	—	COM	B28XTQ3
—	MARATHON PETE CORP COM	8,225	$642K	0.0%	—	—	COM	56585a102
—	MARATHON GROUP COM NEW	16,075	$642K	0.0%	—	—	COM	565849106
—	LIBERTY MEDIA CORP. LIB CAP CO	4,705	$642K	0.0%	—	—	COM	531229201
XLK	SECTOR SPDR TR SBI INT-TECH	16,665	$639K	0.0%	—	—	EMF	81369Y803
IEX	IDEX CORP	7,873	$636K	0.0%	—	—	COM	45167R104
TIP	ISHARES TR BARCLYS TIPS BD	5,486	$633K	0.0%	—	—	COM	464287176
—	COVIDIEN PLC	6,966	$629K	0.0%	—	—	COM	g2554f113
—	IRON MOUNTAIN INC	17,688	$627K	0.0%	—	—	COM	462846106
KOF	COCA-COLA FEMSA ADR+	5,500	$625K	0.0%	—	—	COM	191241108
VNO	VORNADO REALTY TRUST	5,834	$623K	0.0%	—	—	COM	929042109
—	RANGE RESOURCES CORP	7,150	$622K	0.0%	—	—	COM	75281a109
VOD	VODAFONE GR.PLC ADR	18,203	$608K	0.0%	—	—	COM	92857W308
CINF	CINCINNATI FINL CORP COM	12,275	$590K	0.0%	—	—	COM	172062101
—	BROOKFIELD INFRASTRUCTURE PA	14,075	$587K	0.0%	—	—	COM	g16252101
MA	MASTERCARD INC CL A	7,950	$584K	0.0%	—	—	COM	57636Q104
CSL	CARLISLE COS INC COM	6,700	$580K	0.0%	—	—	COM	142339100
—	NUCLEO CAPITAL EQUITY FUND LLC	5,000	$579K	0.0%	—	—	LP	nucleocap
—	ALLERGAN INC COM	3,400	$575K	0.0%	—	—	COM	018490102
—	LINN ENERGY LLC UNIT LTD LIAB	17,600	$569K	0.0%	—	—	COM	536020100
—	CIMAREX ENERGY	3,825	$549K	0.0%	—	—	COM	171798101
GLW	CORNING INC COM	24,455	$537K	0.0%	—	—	COM	219350105
—	BRIGGS & STRATTON	26,000	$532K	0.0%	—	—	COM	109043109
—	ROYAL DUTCH SHELL PLC SPON ADR	6,088	$530K	0.0%	—	—	COM	780259107
—	JOHNSON CONTROLS INC	10,617	$530K	0.0%	—	—	COM	478366107
—	KELLOGG CO COM	8,000	$526K	0.0%	—	—	COM	487836108
UPS	UNITED PARCEL SERV.B	5,116	$525K	0.0%	—	—	COM	911312106
KMX	CARMAX INC COM	10,000	$520K	0.0%	—	—	COM	143130102
ALL	ALLSTATE CORP COM	8,758	$514K	0.0%	—	—	COM	020002101
FMX	FOMENTO ECONOMICO MEXICANO ADR	5,000	$468K	0.0%	—	—	COM	344419106
—	CARLYLE GMS FINANCE INC.	23,741	$466K	0.0%	—	—	LP	99vvauds8
TSCO	TRACTOR SUPPLY CO COM	7,644	$462K	0.0%	—	—	COM	892356106
—	LIBERTY GLOBAL PLC-C	10,734	$454K	0.0%	—	—	COM	g5480u120
—	WILLIAMS PARTNERS LP COM UNIT	8,327	$452K	0.0%	—	—	COM	96950f104
—	NUANCE COMMUNICATIONS INC	24,000	$450K	0.0%	—	—	COM	67020Y100
—	CBS CORP - CLASS B	7,058	$439K	0.0%	—	—	COM	124857202
—	K1 VENTURES	2,904,000	$436K	0.0%	—	—	COM	6269805
TJX	TJX COS INC NEW COM	8,172	$434K	0.0%	—	—	COM	872540109
—	SOMERSET HILLS BANCORP	35,345	$424K	0.0%	—	—	COM	834728107
AMZN	AMAZON.COM INC	1,261	$410K	0.0%	—	—	COM	023135106
—	WADDELL & REED FINL CL A	6,511	$408K	0.0%	—	—	COM	930059100
—	FOOT LOCKER	8,000	$406K	0.0%	—	—	COM	344849104
—	GRUPO TMM S A B SP ADR 5 A SHS	462,240	$402K	0.0%	—	—	COM	40051d303
GILD	GILEAD SCIENCES INC	4,805	$399K	0.0%	—	—	COM	375558103
—	MONSANTO CO NEW COM	3,175	$396K	0.0%	—	—	COM	61166W101
—	VIACOM INC - CL A	4,550	$395K	0.0%	—	—	COM	92553p102
—	YAHOO INC COM	11,100	$390K	0.0%	—	—	COM	984332106
—	MANDALAY RES CORP COM NEW	400,000	$389K	0.0%	—	—	COM	562568204
WM	WASTE MGMT INC DEL COM	8,600	$385K	0.0%	—	—	COM	94106L109
DLTR	DOLLAR TREE INC COM	7,000	$381K	0.0%	—	—	COM	256746108
—	BAKER HUGHES INC COM	5,113	$381K	0.0%	—	—	COM	057224107
LLY	LILLY ELI & CO COM	6,101	$379K	0.0%	—	—	COM	532457108
HSY	THE HERSHEY CO.	3,873	$377K	0.0%	—	—	COM	427866108
EPD	ENTERPRISE PRODS PARTNERS LP	4,775	$374K	0.0%	—	—	COM	293792107
FAST	FASTENAL CO	7,500	$371K	0.0%	—	—	COM	311900104
—	LIBERTY INTERACTIVE CO INT COM	12,656	$368K	0.0%	—	—	COM	53071m203
—	SILVER WHEATON CORP COM	14,000	$368K	0.0%	—	—	COM	828336107
—	EATON VANCE LTD DURATION FND	22,614	$352K	0.0%	—	—	FIUS	27828h105
RPM	RPM INTL INC COM	7,600	$351K	0.0%	—	—	COM	749685103
—	EATON VANCE TAX MNG GB COM	33,160	$344K	0.0%	—	—	EMF	27829f108
—	AMERICAN NATL INS CO	3,000	$343K	0.0%	—	—	COM	028591105
—	TYCO INTL LTD	7,460	$340K	0.0%	—	—	COM	H89128104
—	WHOLE FOODS MKT INC COM	8,802	$340K	0.0%	—	—	COM	966837106
—	SUNOCO LOGISTICS PARTNERS LP U	7,200	$339K	0.0%	—	—	COM	86764L108
—	DISCOVERY COMMUNICATIONS NEW C	4,560	$339K	0.0%	—	—	COM	25470F104
—	FIDELITY NATIONAL INFORMATION	6,075	$333K	0.0%	—	—	COM	31620m106
OHI	OMEGA HEALTHCARE INVESTORS	9,000	$332K	0.0%	—	—	COM	681936100
—	DISCOVERY COMMUN NEW COM SER C	4,491	$326K	0.0%	—	—	COM	25470f302
SBUX	STARBUCKS CORP COM	4,200	$325K	0.0%	—	—	COM	855244109
AES	AES CORP COM	20,850	$324K	0.0%	—	—	COM	00130H105
EOG	EOG RES INC COM	2,760	$323K	0.0%	—	—	COM	26875P101
ORCL	ORACLE CORP COM	7,813	$317K	0.0%	—	—	COM	68389X105
DTEGY	DEUTSCHE TELEKOM AG SPONSORED	17,650	$309K	0.0%	—	—	COM	251566105
—	CANADIAN PAC RY LTD COM	1,700	$308K	0.0%	—	—	COM	2793115
—	MEDICI RS, LLC	300,000	$300K	0.0%	—	—	LP	medicirs1
EWY	ISHARES MSCI SOUTH KOREA INDEX	4,600	$299K	0.0%	—	—	IFUS	464286772
—	AMERICAN TOWER REIT COM	3,250	$292K	0.0%	—	—	COM	03027x100
FITB	FIFTH THIRD BANCORP	13,500	$288K	0.0%	—	—	COM	316773100
—	KINDER MORGAN ENERGY PART.	3,500	$288K	0.0%	—	—	COM	494550106
TMO	THERMO FISHER SCIENTIF COM	2,425	$286K	0.0%	—	—	COM	883556102
—	TECO ENERGY INC	15,400	$285K	0.0%	—	—	COM	872375100
BCO	BRINK'S CO. (THE)	10,069	$284K	0.0%	—	—	COM	109696104
—	APACHE CORP	2,818	$284K	0.0%	—	—	COM	037411105
HCSG	HEALTHCARE SVCS GP INC COM	9,500	$280K	0.0%	—	—	COM	421906108
—	SCRIPPS NETWORKS INTERACTIVE	3,450	$280K	0.0%	—	—	COM	811065101
NUE	NUCOR CORP	5,575	$275K	0.0%	—	—	COM	670346105
—	WPX ENERGY INC COM	11,357	$272K	0.0%	—	—	COM	98212b103
—	BCE INC COM NEW	6,000	$272K	0.0%	—	—	COM	05534b760
IMO	IMPERIAL OIL LTD COM NEW	5,121	$270K	0.0%	—	—	COM	453038408
—	STERICYCLE INC COM	2,250	$267K	0.0%	—	—	COM	858912108
EL	LAUDER ESTEE COS INC CL A	3,600	$267K	0.0%	—	—	COM	518439104
—	ASIAN SELECT EQUITY INVEST. PA	250,000	$267K	0.0%	—	—	LP	ASIAN1
—	SANOFI CONTGNT VAL RT	532,800	$266K	0.0%	—	—	RT	80105n113
—	FACEBOOK INC CL A	3,920	$264K	0.0%	—	—	COM	30303m102
UNH	UNITED HEALTH GROUP	3,222	$263K	0.0%	—	—	COM	91324P102
—	CBS CORP - CLASS A	4,200	$261K	0.0%	—	—	COM	124857103
BSX	BOSTON SCIENTIFIC CORP	20,300	$259K	0.0%	—	—	COM	101137107
—	TIME WARNER INC COM	3,680	$259K	0.0%	—	—	COM	887317303
—	VOLKSWAGEN AG SPONSORED ADR	5,000	$259K	0.0%	—	—	COM	928662303
—	EATON VANCE CORP - NON VTG	6,800	$257K	0.0%	—	—	COM	278265103
CAT	CATERPILLAR INC	2,325	$253K	0.0%	—	—	COM	149123101
—	DOT HILL SYS CORP COM	53,500	$251K	0.0%	—	—	COM	25848t109
—	CITIGROUP CAP XIII PFD 7.875%	9,000	$249K	0.0%	—	—	PFD	173080201
—	REGIONS FINANCIAL CORP	23,410	$249K	0.0%	—	—	COM	7591ep100
—	ITT CORP NEW COM NEW	5,100	$245K	0.0%	—	—	COM	450911201
SLV	ISHARES SILVER TRUST ISHARES	12,000	$244K	0.0%	—	—	EMF	46428Q109
PAYX	PAYCHEX INC	5,845	$243K	0.0%	—	—	COM	704326107
DCI	DONALDSON CO INC	5,700	$241K	0.0%	—	—	COM	257651109
CNQ	CANADIAN NATURAL RESOURCES	5,200	$239K	0.0%	—	—	COM	136385101
—	SHIRE PLC	1,000	$235K	0.0%	—	—	COM	82481R106
—	DISCOVER FINL SVCS COM	3,778	$234K	0.0%	—	—	COM	254709108
—	AMERICA MOVIL S.A.B. DE C.V. A	11,200	$232K	0.0%	—	—	COM	02364W105
XLF	SELECT SECTOR SPDR TR SBI INT-	10,222	$232K	0.0%	—	—	EMF	81369Y605
IJJ	ISHARES TR S&P MIDCP VALU	1,800	$228K	0.0%	—	—	EMF	464287705
BDX	BECTON DICKINSON & CO	1,900	$225K	0.0%	—	—	COM	075887109
ESS	ESSEX PPTY TR INC	1,204	$223K	0.0%	—	—	COM	297178105
—	GENTING BHD	249,975	$223K	0.0%	—	—	WT	bhcm8v9
RHHBY	ROCHE HOLDINGS LTD - SPON ADR	5,900	$220K	0.0%	—	—	COM	771195104
—	BELLATRIX EXPLORATION COM	25,000	$218K	0.0%	—	—	COM	078314101
PSX	PHILLIPS 66 COM	2,700	$217K	0.0%	—	—	COM	718546104
EW	EDWARDS LIFESCIENCES COR	2,520	$216K	0.0%	—	—	COM	28176E108
ATI	ALLEGHANY TECHNOLOGIES INC	4,739	$214K	0.0%	—	—	COM	01741R102
—	DORCHESTER MINERALS LP	7,000	$214K	0.0%	—	—	COM	25820r105
PH	PARKER HANNIFIN CORP	1,694	$213K	0.0%	—	—	COM	701094104
ARW	ARROW ELECTRS INC COM	3,500	$211K	0.0%	—	—	COM	042735100
AFL	AFLAC INC COM	3,384	$211K	0.0%	—	—	COM	001055102
—	EATON VANCE TAX-MANAGED BUY-WR	14,197	$209K	0.0%	—	—	MF	27828y108
IFF	INTERNATIONAL FLAV&FRA COM	2,000	$209K	0.0%	—	—	COM	459506101
—	CANCER GENETICS INC.	18,375	$208K	0.0%	—	—	COM	13739u104
DGX	QUEST DIAGNOSTICS INC	3,494	$205K	0.0%	—	—	COM	74834L100
—	ISHARES MSCI TAIWAN INDEX FUND	12,755	$202K	0.0%	—	—	IFUS	464286731
BAC	BANK OF AMERICA CORP.	11,246	$173K	0.0%	—	—	COM	060505104
—	EATON VANCE ENHCD EQT COM	12,479	$172K	0.0%	—	—	COM	278274105
—	BEAR CREEK MNG CORP COM	60,000	$163K	0.0%	—	—	COM	07380n104
—	SYSTEMAX INC	10,300	$148K	0.0%	—	—	COM	871851101
KEY	KEYCORP NEW COM	10,000	$143K	0.0%	—	—	COM	493267108
—	SINGAPORE TELECOMM	46,000	$142K	0.0%	—	—	COM	b02py22
—	PANIN FINANCIAL	14,048,000	$128K	0.0%	—	—	WT	b70f8h6
—	SHINSEI BANK LTD	45,500	$102K	0.0%	—	—	COM	J7385L103
—	MADISON CVRED CALL & E COM	10,595	$93,000	0.0%	—	—	EMF	557437100
—	BLKROCK DEBT STRAT COM	19,743	$81,000	0.0%	—	—	FIUS	09255r103
—	LONE PINE RES CDA LTD COM CL A	124,733	$70,000	0.0%	—	—	COM	54222R109
—	LONE PINE RES INC CL A	124,733	$70,000	0.0%	—	—	COM	54222A205
—	INTL DISPENSING CORP	116,623	$49,000	0.0%	—	—	COM	459407102
—	HUNTINGDON CAP CORP WT EXP 123	14,000	$46,000	0.0%	—	—	WT	44586V119
—	ZYNGA INC CL A	14,259	$46,000	0.0%	—	—	COM	98986t108
ATCN	ATEC INC COM	15,000	$43,000	0.0%	—	—	COM	046810107
EXEL	EXELIXIS INC COM	12,000	$41,000	0.0%	—	—	COM	30161Q104
—	CREDIT SUISSE ASST MGM COM	10,800	$39,000	0.0%	—	—	FIUS	224916106
—	ESSENTIAL ENERGY SVCS COM	10,000	$26,000	0.0%	—	—	COM	29669r101
—	AM.SUPERCONDUCTOR	15,000	$24,000	0.0%	—	—	COM	030111108
—	DUNDEE ENERGY LTD COM	87,000	$21,000	0.0%	—	—	COM	26518Q102
—	BANK OF AMERICA CORP WT EXP 10	22,000	$17,000	0.0%	—	—	WT	060505153
—	VICAL INC	12,000	$15,000	0.0%	—	—	COM	925602104
—	ALNO AG	10,000	$11,000	0.0%	—	—	COM	4422257
—	PANIN INSURANCE	100,000	$6,000	0.0%	—	—	COM	6623036
—	MEGASTAR DEV CORP COM NO PAR	59,000	$5,000	0.0%	—	—	COM	58516p307
—	GREEN EARTH TECHS INC COM	40,000	$3,000	0.0%	—	—	COM	39303R102
—	AMP HLDG INC COM	23,600	$2,000	0.0%	—	—	COM	001754100
—	HOPTO INC COM	11,357	$1,000	0.0%	—	—	COM	440271104
—	CIA SUD AMERICANA DE VAPORES S	4,406,266	$0	0.0%	—	—	RT	vaporeosc
—	HERALD NATIONAL BANK WARRANTS	15,000	$0	0.0%	—	—	WT	42703q112
—	AQUASITION CORP WT EXP 01/22/1	200,000	$0	0.0%	—	—	WT	b94qvp8
—	VCAMPUS CORP COM NEW	59,956	$0	0.0%	—	—	COM	92240c308
—	DIGITCOM INTERACTIVE COM	10,000	$0	0.0%	—	—	COM	25387S108
—	100,000THS KINDER MORGAN MGMT	78,971	$0	0.0%	—	—	OA	eke55u103
—	CSF HLDGS.INC. (ESCROW - LITIG	24,750	$0	0.0%	—	—	COM	xxxxxxxxx
EESO	ENZYME ENVTL SOLS INC COM	125,000	$0	0.0%	—	—	COM	294113105