Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	GASTAR EXPLORAT 8.6250% SERIES	281,450	$6.884M	3.9%	$24.46	—	PFD	36729P207
AAPL	APPLE COMPUTER INC.	17,000	$6.741M	3.8%	$13.16	0.0%	COM	037833100
—	SHIP FINANCE INTL LTD	448,935	$6.662M	3.8%	$14.84	—	COM	G81075106
—	GOOGLE INC - CL A	7,330	$6.453M	3.7%	$880.35	—	COM	38259P508
—	LEXINGTON CORPORATE PPTYS TR	460,500	$5.379M	3.1%	$11.68	—	COM	529043101
CHKP	CHECK POINT SOFTWARE TECH	98,061	$4.872M	2.8%	$48.11	0.0%	COM	M22465104
MCHP	MICROCHIP TECHNOLOGY INC	128,995	$4.805M	2.7%	$13.83	0.0%	COM	595017104
JNJ	JOHNSON & JOHNSON COM	52,480	$4.506M	2.6%	$59.66	0.0%	COM	478160104
—	AG MORTGAGE INVESTMENT TRUST	201,655	$3.793M	2.2%	$18.81	—	COM	001228105
—	NEW RESIDENTIAL INVESTMENT COR	544,620	$3.671M	2.1%	$6.74	—	COM	64828T102
—	MORGAN STANLEY CAP TR III 6.25	146,525	$3.651M	2.1%	$24.92	—	PFD	617460209
BP	BP P.L.C. ADR (fmly BP Amoco P	82,515	$3.444M	2.0%	$41.74	—	COM	055622104
CNI	CANADIAN NATL RAILWAY CO	35,100	$3.414M	1.9%	$39.40	0.0%	COM	136375102
—	WHOLE FOODS MARKET INC	64,810	$3.336M	1.9%	$51.47	—	COM	966837106
—	FIRST POTOMAC REALTY TRUST	254,680	$3.326M	1.9%	$13.06	—	COM	33610f109
—	BGC PARTNERS INC-CL A	564,450	$3.325M	1.9%	$5.89	—	COM	05541T101
HAL	HALLIBURTON CO.	74,592	$3.112M	1.8%	$33.21	0.0%	COM	406216101
—	MARATHON OIL CORP	89,920	$3.109M	1.8%	$34.58	—	COM	565849106
COP	CONOCOPHILLIPS	49,297	$2.982M	1.7%	$39.96	0.0%	COM	20825C104
—	CELGENE CORP	25,335	$2.964M	1.7%	$116.99	—	COM	151020104
—	COUNTRYWIDE CAPITAL V	114,275	$2.875M	1.6%	$25.16	—	PFD	222388209
MRK	MERCK and CO INC	61,345	$2.849M	1.6%	$30.02	0.0%	COM	58933Y105
CVX	CHEVRON CORP (fmly ChevronTexa	23,463	$2.777M	1.6%	$71.30	0.0%	COM	166764100
GLNG	GOLAR LNG LTD	87,050	$2.776M	1.6%	$26.01	0.0%	COM	G9456A100
PSX	PHILLIPS 66	46,170	$2.72M	1.6%	$40.44	0.0%	COM	718546104
IMPM	IMPAC MTG HLDGS INC (fka Imper	266,670	$2.707M	1.5%	$10.86	0.0%	COM	45254P508
—	ASSOCIATED ESTATES REALTY CP	160,200	$2.576M	1.5%	$16.08	—	COM	045604105
—	SPECTRA ENERGY CORP	74,500	$2.567M	1.5%	$34.46	—	COM	847560109
—	CITIGROUP CAP X 6.1% 9/30/3	100,350	$2.508M	1.4%	$24.99	—	PFD	173064205
—	NEWCASTLE INVESTMENT CORP	424,870	$2.222M	1.3%	$5.23	—	COM	65105M108
SBUX	STARBUCKS CORP	33,355	$2.185M	1.2%	$24.37	0.0%	COM	855244109
—	FRONTIER COMMUNICATIONS CORP	518,349	$2.099M	1.2%	$4.05	—	COM	35906A108
RWT	REDWOOD TRUST INC	121,800	$2.071M	1.2%	$17.00	—	COM	758075402
MPC	MARATHON PETROLEUM CORP	28,587	$2.031M	1.2%	$27.55	0.0%	COM	56585A102
DUK	DUKE ENERGY CORP-NEW	30,094	$2.031M	1.2%	$41.83	0.0%	COM	26441C204
—	CALLIDUS SOFTWARE INC	307,500	$2.026M	1.2%	$6.59	—	COM	13123E500
—	GENERAL ELECTRIC CO COM	83,679	$1.941M	1.1%	$23.20	—	COM	369604103
XOM	EXXON MOBIL CORPORATION	20,530	$1.855M	1.1%	$53.69	0.0%	COM	30231G102
PFE	PFIZER INC.	63,215	$1.771M	1.0%	$16.46	0.0%	COM	717081103
MDLZ	MONDELEZ INTERNATIONAL -W/I	58,867	$1.679M	1.0%	$23.16	0.0%	COM	609207105
EEFT	EURONET WORLDWIDE INC	50,660	$1.614M	0.9%	$29.94	0.0%	COM	298736109
—	ANWORTH MORTGAGE ASSET CORP	287,325	$1.609M	0.9%	$5.60	—	COM	037347101
TEVA	TEVA PHARMACEUTICAL-SP ADR	40,895	$1.603M	0.9%	$39.20	—	COM	881624209
BJRI	BJ'S RESTAURANTS INC	42,050	$1.56M	0.9%	$34.68	0.0%	COM	09180C106
—	KRAFT FOODS, INC.	27,379	$1.53M	0.9%	$55.88	—	COM	50076Q106
—	BROADCOM CORP-CL A	44,012	$1.487M	0.8%	$33.79	—	COM	111320107
—	AMERICAN CAPITAL AGENCY CORP	63,380	$1.458M	0.8%	$23.00	—	COM	02503X105
BMY	BRISTOL MYERS SQUIBB COM	32,510	$1.453M	0.8%	$28.67	0.0%	COM	110122108
EWBC	EAST WEST BANCORP INC	50,275	$1.383M	0.8%	$19.15	0.0%	COM	27579R104
IBM	INTERNATIONAL BUSINESS MACHINE	7,068	$1.351M	0.8%	$118.94	0.0%	COM	459200101
AL	AIR LEASE CORP	47,550	$1.312M	0.7%	$23.75	0.0%	COM	00912X302
—	SCORPIO TANKERS INC	143,760	$1.291M	0.7%	$8.98	—	COM	Y7542C106
INTC	INTEL CORP COM	52,485	$1.272M	0.7%	$17.18	0.0%	COM	458140100
GILD	GILEAD SCIENCES INC.	24,666	$1.265M	0.7%	$36.21	0.0%	COM	375558103
KO	COCA COLA COMPANY	28,560	$1.146M	0.7%	$27.85	0.0%	COM	191216100
WFC	WELLS FARGO COMPANY	27,270	$1.125M	0.6%	$27.36	0.0%	COM	949746101
PG	PROCTER & GAMBLE CO.	13,945	$1.074M	0.6%	$55.00	0.0%	COM	742718109
ADI	ANALOG DEVICES	23,650	$1.066M	0.6%	$34.29	0.0%	COM	032654105
—	NUSTAR ENERGY LP	20,000	$913K	0.5%	$45.65	—	COM	67058H102
—	HALOZYME THERAPEAUTICS INC	101,330	$806K	0.5%	$7.95	—	COM	40637h109
T	AT&T INC	22,007	$779K	0.4%	$11.40	0.0%	COM	00206R102
—	TWO HARBORS INVESTMENT	75,000	$769K	0.4%	$10.25	—	COM	90187b101
—	KINDER MORGAN ENERGY PARTNERS	8,925	$762K	0.4%	$85.38	—	COM	494550106
ORCL	ORACLE SYSTEM CORP	24,826	$762K	0.4%	$27.58	0.0%	COM	68389X105
—	CATAMARAN CORP	15,300	$746K	0.4%	$48.76	—	COM	148887102
QCOM	QUALCOMM INC	11,861	$725K	0.4%	$45.06	0.0%	COM	747525103
—	EXPRESS SCRIPTS HOLDING COMPAN	11,118	$686K	0.4%	$61.70	—	COM	30219G108
PM	PHILLIP MORRIS INTERNATIONAL	7,890	$683K	0.4%	$49.85	0.0%	COM	718172109
—	AMERICAN CAPITAL MORTGAGE IN	35,500	$638K	0.4%	$17.97	—	COM	02504A104
VZ	VERIZON COMMUNICATIONS-fmly Be	12,553	$632K	0.4%	$27.04	0.0%	COM	92343V104
PEP	PEPSICO INC COM	7,702	$630K	0.4%	$56.00	0.0%	COM	713448108
KMB	KIMBERLY CLARK	6,345	$616K	0.4%	$63.06	0.0%	COM	494368103
MO	ALTRIA GROUP (fka Philip Morri	16,342	$572K	0.3%	$16.28	0.0%	COM	02209S103
—	DIANA CONTAINERSHIPS INC	126,150	$539K	0.3%	$4.27	—	COM	Y2069P101
—	DOW CHEMICAL COMPANY	16,453	$529K	0.3%	$32.15	—	COM	260543103
MMM	3M Co (fmly Minnesota Mining &	4,553	$498K	0.3%	$61.26	0.0%	COM	88579Y101
DIS	DISNEY WALT CO DEL COM	7,800	$493K	0.3%	$56.11	0.0%	COM	254687106
TXN	TEXAS INSTRUMENTS INC.	13,645	$476K	0.3%	$25.31	0.0%	COM	882508104
—	EMERALD OIL INC	67,210	$461K	0.3%	$6.86	—	COM	29101U209
—	HESS CORP (fmly Amerada Hess C	6,920	$460K	0.3%	$66.47	—	COM	42809H107
SLB	SCHLUMBERGER LTD COM	6,235	$447K	0.3%	$52.90	0.0%	COM	806857108
PSA	PUBLIC STORAGE	2,600	$399K	0.2%	$97.16	0.0%	COM	74460D109
—	ACHILLION PHARMACEUTICALS	47,005	$385K	0.2%	$8.19	—	COM	00448Q201
—	PEOPLE'S UNITED FINANCIAL INC.	21,125	$315K	0.2%	$14.91	—	COM	712704105
FCX	FREEPORT McMORAN COPPER - B	10,995	$304K	0.2%	$24.45	0.0%	COM	35671D857
—	INTERMUNE INC	29,550	$284K	0.2%	$9.61	—	COM	45884X103
BRK/B	BERKSHIRE HATHAWAY INC - CLASS	2,300	$257K	0.1%	$110.02	0.0%	COM	084670702
NOC	NORTHROP GRUMMAN CORP	3,050	$253K	0.1%	$62.64	0.0%	COM	666807102
APD	AIR PRODUCTS & CHEMICALS INC	2,750	$252K	0.1%	$61.55	0.0%	COM	009158106
LOW	LOWES COMPANIES INC.	5,525	$226K	0.1%	$32.16	0.0%	COM	548661107
CAT	CATERPILLAR INC.	2,600	$214K	0.1%	$61.55	0.0%	COM	149123101
—	FIRST NIAGARA FINANCIAL GROUP,	13,073	$132K	0.1%	$10.10	—	COM	33582V108
—	SPRINT NEXTEL CORP (Fmly Sprin	17,376	$122K	0.1%	$7.02	—	COM	852061100
—	AMARIN CORP	15,000	$87,000	0.0%	$5.80	—	COM	023111206
—	TVI CORP	17,500	$0	0.0%	—	—	COM	872916101
—	TRANSTEXAS GAS CORP - CLASS A	15,041	$0	0.0%	—	—	COM	893895201
—	TRANSTEXAS GAS CORP SR PFD SER	41,140	$0	0.0%	—	—	PFD	893895607