INFRASTRUCTURE CAPITAL ADVISORS, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TLT	ISHARES TR	1,383,200	$171,855	18.0%	$124.05	—	Call	464287432
—	ENERGY TRANSFER PARTNERS LP	5,180,968	$94,760	9.9%	$20.01	—	UNIT LTD PRT INT	29278N103
—	UNITED STATES OIL FUND LP	7,986,800	$83,302	8.7%	—	—	Call	91232N108
—	WILLIAMS PARTNERS L P NEW	1,671,737	$65,031	6.8%	$39.31	—	COM UNIT LTD PAR	96949L105
—	BUCKEYE PARTNERS L P	857,445	$48,874	5.1%	$64.58	—	UNIT LTD PARTN	118230101
ET	ENERGY TRANSFER EQUITY L P	2,599,426	$45,178	4.7%	$18.88	—	COM UT LTD PTN	29273V100
EPD	ENTERPRISE PRODS PARTNERS L	1,562,909	$40,745	4.3%	$26.99	—	COM	293792107
MPLX	MPLX LP	1,021,677	$35,769	3.7%	$34.54	—	COM UNIT REP LTD	55336V100
—	ENBRIDGE ENERGY PARTNERS L P	2,137,474	$34,157	3.6%	$19.43	—	COM	29250R106
—	ANDEAVOR LOGISTICS LP	557,073	$27,887	2.9%	$50.06	—	COM UNIT LP INT	03350F106
—	UNITED STATES NATL GAS FUND	4,175,600	$27,434	2.9%	—	—	Call	912318201
—	EQT MIDSTREAM PARTNERS LP	323,612	$24,261	2.5%	$75.90	—	UNIT LTD PARTN	26885B100
MPC	MARATHON PETE CORP	405,455	$22,738	2.4%	$40.50	+2.0%	COM	56585A102
—	MAGELLAN MIDSTREAM PRTNRS LP	246,189	$17,494	1.8%	$73.31	—	COM UNIT RP LP	559080106
PAA	PLAINS ALL AMERN PIPELINE L	721,306	$15,284	1.6%	$30.07	—	UNIT LTD PARTN	726503105
—	PHILLIPS 66 PARTNERS LP	284,541	$14,955	1.6%	$50.30	—	COM UNIT REP INT	718549207
GEL	GENESIS ENERGY L P	529,074	$13,941	1.5%	$32.05	—	UNIT LTD PARTN	371927104
—	WESTERN GAS PARTNERS LP	246,660	$12,649	1.3%	$57.10	—	COM UNIT LP IN	958254104
KMI	KINDER MORGAN INC DEL	565,747	$10,851	1.1%	$12.94	-5.0%	COM	49456B101
—	NUSTAR ENERGY LP	265,290	$10,769	1.1%	$45.78	—	UNIT COM	67058H102
OKE	ONEOK INC NEW	190,355	$10,548	1.1%	$31.58	+1.5%	COM	682680103
—	TALLGRASS ENERGY PARTNERS LP	204,111	$9,775	1.0%	$50.65	—	COM UNIT	874697105
WMB	WILLIAMS COS INC DEL	316,952	$9,512	1.0%	$18.34	+5.0%	COM	969457100
—	DCP MIDSTREAM LP	243,601	$8,438	0.9%	$36.52	—	COM UT LTD PTN	23311P100
—	CRESTWOOD EQUITY PARTNERS LP	334,558	$8,163	0.9%	$25.06	—	UNIT LTD PARTNER	226344208
—	ANTERO MIDSTREAM PARTNERS LP	254,406	$8,021	0.8%	$32.63	—	UNT LTD PARTN	03673L103
NGL	NGL ENERGY PARTNERS LP	617,529	$7,132	0.7%	$17.86	—	COM UNIT REPST	62913M107
—	TC PIPELINES LP	123,526	$6,463	0.7%	$56.87	—	UT COM LTD PRT	87233Q108
—	ENLINK MIDSTREAM LLC	364,345	$6,285	0.7%	$17.32	—	COM UNIT REP LTD	29336T100
—	WESTERN GAS EQUITY PARTNERS	139,927	$5,762	0.6%	$43.35	—	COMUNT LTD PT	95825R103
TRGP	TARGA RES CORP	90,638	$4,287	0.4%	$35.36	-8.0%	COM	87612G101
—	ETFIS SER TR I	357,328	$3,334	0.3%	$11.23	—	INFRAC ACT MLP	26923G103
—	BLACKROCK CORPOR HI YLD FD I	229,196	$2,590	0.3%	$10.86	—	COM	09255P107
—	BLACKSTONE GROUP L P	66,900	$2,232	0.2%	$30.79	—	COM UNIT LTD	09253U108
PFFR	ETFIS SER TR I	75,224	$1,978	0.2%	$25.74	—	INFRACP REIT PFD	26923G400
TLT	ISHARES TR	14,000	$1,747	0.2%	$124.05	—	20 YR TR BD ETF	464287432
—	WELLTOWER INC	25,828	$1,638	0.2%	$64.56	—	6.50% PFD PREPET	95040Q203
ENB	ENBRIDGE INC	34,816	$1,457	0.2%	$24.42	-0.3%	COM	29250N105
—	ROCKWELL COLLINS INC	10,700	$1,399	0.1%	$130.75	—	COM	774341101
AGNC	AGNC INVT CORP	63,291	$1,372	0.1%	$18.29	—	COM	00123Q104
—	AVENUE INCOME CR STRATEGIES	85,794	$1,265	0.1%	$13.56	—	COM	05358E106
CQP	CHENIERE ENERGY PARTNERS LP	43,552	$1,255	0.1%	$30.75	—	COM UNIT	16411Q101
—	NUVEEN AMT FREE MUN CR INC F	79,898	$1,230	0.1%	$14.46	—	COM	67071L106
—	NUVEEN QUALITY MUNCP INCOME	85,591	$1,215	0.1%	$13.96	—	COM	67066V101
AMZN	AMAZON COM INC	1,111	$1,068	0.1%	$47.71	+3.0%	COM	023135106
—	BOARDWALK PIPELINE PARTNERS	69,557	$1,022	0.1%	$14.69	—	UT LTD PARTNER	096627104
—	WESTERN ASSET GLB HI INCOME	97,921	$1,008	0.1%	$9.88	—	COM	95766B109
—	SPECTRA ENERGY PARTNERS LP	22,367	$993	0.1%	$44.18	—	COM	84756N109
—	BROOKFIELD REAL ASSETS INCOM	40,429	$962	0.1%	$22.33	—	SHS BEN INT	112830104
—	ARMOUR RESIDENTIAL REIT INC	35,570	$957	0.1%	$22.24	—	COM NEW	042315507
—	INVESCO ADVANTAGE MUNICIPAL	77,675	$894	0.1%	$11.18	—	SH BEN INT	46132E103
—	NUVEEN AMT FREE QLTY MUN INC	64,296	$890	0.1%	$13.34	—	COM	670657105
—	INVESCO TR INVT GRADE MUNS	64,661	$866	0.1%	$12.74	—	COM	46131M106
—	NUVEEN MUNICIPAL CREDIT INC	56,801	$864	0.1%	$14.14	—	COM SH BEN INT	67070X101
BIIB	BIOGEN INC	2,685	$841	0.1%	$295.23	+0.3%	COM	09062X103
—	INVESCO TR INVT GRADE NY MUN	60,042	$823	0.1%	$13.27	—	COM	46131T101
—	CYS INVTS INC	93,854	$811	0.1%	$8.33	—	COM	12673A108
—	NUVEEN MUN HIGH INCOME OPP F	57,413	$781	0.1%	$12.80	—	COM	670682103
—	NUVEEN NEW YORK AMT QLT MUNI	50,600	$668	0.1%	$12.81	—	COM	670656107
—	BLACKROCK MUNIYIELD NY QLTY	49,843	$657	0.1%	$12.69	—	COM	09255E102
—	EATON VANCE LTD DUR INCOME F	46,798	$657	0.1%	$13.73	—	COM	27828H105
—	EPR PPTYS	17,700	$644	0.1%	$35.88	—	CONV PFD 9% SR E	26884U307
—	NUVEEN NEW YORK QLT MUN INC	44,119	$622	0.1%	$13.42	—	COM	67066X107
CHTR	CHARTER COMMUNICATIONS INC N	1,705	$620	0.1%	$372.21	0.0%	CL A	16119P108
—	PIMCO INCOME STRATEGY FUND I	57,110	$611	0.1%	$9.65	—	COM	72201J104
—	ALEXANDRIA REAL ESTATE EQ IN	17,045	$609	0.1%	$35.38	—	PFD CONV SER D	015271505
—	FIRST TR INTER DUR PFD & IN	24,000	$593	0.1%	$22.70	—	COM	33718W103
—	BLACKROCK MUNIHLDGS NY QLTY	41,785	$589	0.1%	$13.40	—	COM	09255C106
UNH	UNITEDHEALTH GROUP INC	3,003	$588	0.1%	$168.94	0.0%	COM	91324P102
—	EATON VANCE TAX ADV BD OPT S	49,183	$561	0.1%	$11.33	—	COM SH BEN INT	27829M103
—	SHELL MIDSTREAM PARTNERS L P	18,010	$501	0.1%	$28.89	—	UNIT LTD INT	822634101
PK	PARK HOTELS RESORTS INC	17,726	$489	0.1%	$26.15	—	COM	700517105
TMUS	T MOBILE US INC	7,810	$482	0.1%	$60.59	0.0%	COM	872590104
BAC	BANK AMER CORP	18,800	$476	0.0%	$17.97	+11.1%	COM	060505104
—	MORGAN STANLEY EM MKTS DM DE	57,399	$461	0.0%	$7.17	—	COM	617477104
—	CHIMERA INVT CORP	24,220	$458	0.0%	$19.03	—	COM NEW	16934Q208
—	PUTNAM MANAGED MUN INCOM TR	60,077	$454	0.0%	$7.07	—	COM	746823103
—	PIMCO DYNMIC CREDIT AND MRT	18,775	$433	0.0%	$20.24	—	COM SHS	72202D106
XENWX	EATON VANCE NEW YORK MUN BD	33,204	$429	0.0%	$12.29	—	COM	27827Y109
XMYDX	BLACKROCK MUNIYIELD FD INC	28,352	$427	0.0%	$14.14	—	COM	09253W104
XBTAX	BLACKROCK LONG-TERM MUNI ADV	35,000	$424	0.0%	$11.29	—	COM	09250B103
—	NUVEEN GLOBAL HIGH INCOME FD	24,298	$422	0.0%	$16.01	—	SHS	67075G103
XBNYX	BLACKROCK N Y MUN INCOME TR	26,458	$399	0.0%	$13.91	—	SH BEN INT	09248L106
PFF	ISHARES TR	10,015	$389	0.0%	$37.20	—	S&P US PFD STK	464288687
AAPL	APPLE INC	2,454	$378	0.0%	$36.15	0.0%	COM	037833100
PG	PROCTER AND GAMBLE CO	4,128	$376	0.0%	$73.02	0.0%	COM	742718109
—	MONSANTO CO NEW	2,702	$324	0.0%	$119.91	—	COM	61166W101
—	GENERAL ELECTRIC CO	12,124	$293	0.0%	$24.17	—	COM	369604103
GOOGL	ALPHABET INC	301	$293	0.0%	$46.42	+1.4%	CAP STK CL A	02079K305
—	APACHE CORP	6,000	$275	0.0%	$61.32	—	COM	037411105
—	INVESCO QUALITY MUNI INC TRS	21,500	$275	0.0%	$12.40	—	COM	46133G107
—	LEXINGTON REALTY TRUST	5,000	$256	0.0%	$50.00	—	PFD CONV SER C	529043309
META	FACEBOOK INC	1,470	$251	0.0%	$165.72	0.0%	CL A	30303M102
DIS	DISNEY WALT CO	2,410	$238	0.0%	$102.45	-5.4%	COM DISNEY	254687106
—	MFS HIGH INCOME MUN TR	43,737	$229	0.0%	$4.89	—	SH BEN INT	59318D104
—	ROYAL DUTCH SHELL PLC	3,650	$221	0.0%	$54.44	—	SPONS ADR A	780259206
FMC	F M C CORP	2,360	$211	0.0%	$52.10	+11.8%	COM NEW	302491303
THC	TENET HEALTHCARE CORP	12,600	$207	0.0%	$16.96	0.0%	COM NEW	88033G407
—	PIMCO NY MUNICIPAL INCOME FD	14,499	$189	0.0%	$11.93	—	COM	72200T103
NMFC	NEW MTN FIN CORP	13,140	$187	0.0%	$5.74	0.0%	COM	647551100
—	MFA FINL INC	21,370	$187	0.0%	$7.75	—	COM	55272X102
HRZN	HORIZON TECHNOLOGY FIN CORP	16,540	$184	0.0%	$3.98	+3.7%	COM	44045A102
—	DREYFUS MUN INCOME INC	20,000	$183	0.0%	$8.65	—	COM	26201R102
—	CALPINE CORP	10,600	$156	0.0%	$14.72	—	COM NEW	131347304
PSEC	PROSPECT CAPITAL CORPORATION	19,835	$133	0.0%	$3.06	-11.5%	COM	74348T102
—	FOGO DE CHAO INC	10,496	$130	0.0%	$12.39	—	COM	344177100
—	CAPSTEAD MTG CORP	12,700	$123	0.0%	$10.39	—	COM NO PAR	14067E506
—	FORTRESS INVESTMENT GROUP LL	12,000	$96	0.0%	$8.00	—	CL A	34958B106
—	ANWORTH MORTGAGE ASSET CP	11,180	$67	0.0%	$5.99	—	COM	037347101