Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SHIP FINANCE INTL LTD	590,785	$9.021M	5.0%	$14.94	—	COM	G81075106
AAPL	APPLE INC.	16,850	$8.033M	4.4%	$13.16	+8.5%	COM	037833100
—	GASTAR EXPLORAT 8.6250% SERIES	283,250	$6.724M	3.7%	$24.46	—	PFD	36729P207
—	GOOGLE INC - CL A	7,310	$6.403M	3.5%	$880.35	—	COM	38259P508
CHKP	CHECK POINT SOFTWARE TECH	95,936	$5.426M	3.0%	$48.11	+16.8%	COM	M22465104
MCHP	MICROCHIP TECHNOLOGY INC	127,645	$5.143M	2.8%	$13.83	+9.5%	COM	595017104
—	LEXINGTON REALTY TRUST	452,500	$5.082M	2.8%	$11.68	—	COM	529043101
—	CELGENE CORP	29,240	$4.507M	2.5%	$121.95	—	COM	151020104
JNJ	JOHNSON & JOHNSON	50,930	$4.415M	2.4%	$59.66	+6.5%	COM	478160104
—	NORDIC AMERICAN TANKERS LTD	531,100	$4.376M	2.4%	$8.24	—	COM	g65773106
GLNG	GOLAR LNG LTD	107,225	$4.039M	2.2%	$26.40	+6.4%	COM	G9456A100
—	WHOLE FOODS MARKET INC	64,535	$3.775M	2.1%	$51.47	—	COM	966837106
HAL	HALLIBURTON CO.	74,967	$3.61M	2.0%	$33.21	+12.4%	COM	406216101
—	MORGAN STANLEY CAP TR III 6.25	145,525	$3.599M	2.0%	$24.92	—	PFD	617460209
CNI	CANADIAN NATL RAILWAY CO	34,500	$3.497M	1.9%	$39.40	+0.5%	COM	136375102
COP	CONOCOPHILLIPS	48,997	$3.406M	1.9%	$39.96	+11.3%	COM	20825C104
—	NEW RESIDENTIAL INVESTMENT COR	514,320	$3.405M	1.9%	$6.74	—	COM	64828T102
BP	BP P.L.C. ADR (fmly BP Amoco P	80,090	$3.366M	1.9%	$41.74	—	COM	055622104
—	BGC PARTNERS INC-CL A	561,450	$3.167M	1.7%	$5.89	—	COM	05541T101
—	INTERMUNE INC	203,785	$3.134M	1.7%	$14.54	—	COM	45884X103
—	MARATHON OIL CORP	88,720	$3.095M	1.7%	$34.58	—	COM	565849106
IMPM	IMPAC MTG HLDGS INC (fka Imper	310,530	$2.956M	1.6%	$10.74	-6.9%	COM	45254P508
EEFT	EURONET WORLDWIDE INC	73,210	$2.92M	1.6%	$31.84	+13.4%	COM	298736109
MRK	MERCK and CO INC	60,355	$2.873M	1.6%	$30.02	+3.2%	COM	58933Y105
—	COUNTRYWIDE CAPITAL V	112,275	$2.832M	1.6%	$25.16	—	PFD	222388209
—	SCORPIO TANKERS INC	284,460	$2.776M	1.5%	$9.37	—	COM	Y7542C106
CVX	CHEVRON CORP (fmly ChevronTexa	22,763	$2.766M	1.5%	$71.30	+2.5%	COM	166764100
GILD	GILEAD SCIENCES INC.	43,396	$2.728M	1.5%	$38.50	+7.8%	COM	375558103
—	FIRST POTOMAC REALTY TRUST	210,250	$2.643M	1.5%	$13.06	—	COM	33610f109
SBUX	STARBUCKS CORP	33,355	$2.567M	1.4%	$24.37	+16.0%	COM	855244109
—	SPECTRA ENERGY CORP	73,100	$2.502M	1.4%	$34.46	—	COM	847560109
RWT	REDWOOD TRUST INC	121,800	$2.398M	1.3%	$17.00	—	COM	758075402
—	CITIGROUP CAP X 6.1% 9/30/3	87,100	$2.178M	1.2%	$24.99	—	PFD	173064205
—	FRONTIER COMMUNICATIONS CORP	516,349	$2.158M	1.2%	$4.05	—	COM	35906A108
PSX	PHILLIPS 66	36,120	$2.088M	1.1%	$40.44	-7.3%	COM	718546104
—	CALLIDUS SOFTWARE INC	221,850	$2.034M	1.1%	$6.59	—	COM	13123E500
—	GENERAL ELECTRIC CO	83,229	$1.988M	1.1%	$23.20	—	COM	369604103
MDLZ	MONDELEZ INTERNATIONAL -W/I	58,867	$1.85M	1.0%	$23.16	+2.4%	COM	609207105
MPC	MARATHON PETROLEUM CORP	28,437	$1.829M	1.0%	$27.55	-11.5%	COM	56585A102
PFE	PFIZER INC.	63,515	$1.824M	1.0%	$16.46	-0.6%	COM	717081103
XOM	EXXON MOBIL CORPORATION	20,330	$1.749M	1.0%	$53.69	+0.9%	COM	30231G102
EWBC	EAST WEST BANCORP INC	51,775	$1.654M	0.9%	$19.26	+18.9%	COM	27579R104
—	JDS UNIPHASE CORP	108,825	$1.601M	0.9%	$14.71	—	COM	46612j507
—	NEWCASTLE INVESTMENT CORP	278,900	$1.567M	0.9%	$5.23	—	COM	65105M108
BMY	BRISTOL MYERS SQUIBB COM	32,660	$1.512M	0.8%	$28.67	+1.9%	COM	110122108
—	KRAFT FOODS GROUP INC	27,379	$1.437M	0.8%	$55.88	—	COM	50076Q106
IBM	INTERNATIONAL BUSINESS MACHINE	7,718	$1.429M	0.8%	$118.32	-5.7%	COM	459200101
DUK	DUKE ENERGY CORP-NEW	19,928	$1.331M	0.7%	$41.83	-2.4%	COM	26441C204
—	HESS CORP (fmly Amerada Hess C	16,415	$1.27M	0.7%	$72.78	—	COM	42809H107
INTC	INTEL CORP COM	52,285	$1.198M	0.7%	$17.18	-1.6%	COM	458140100
—	HALOZYME THERAPEAUTICS INC	104,330	$1.152M	0.6%	$8.04	—	COM	40637h109
ADI	ANALOG DEVICES INC	23,650	$1.113M	0.6%	$34.29	+7.0%	COM	032654105
—	EMCORE CORP	230,150	$1.031M	0.6%	$4.48	—	COM	290846203
PG	PROCTER & GAMBLE CO.	13,470	$1.018M	0.6%	$55.00	+2.2%	COM	742718109
—	CATAMARAN CORP	21,960	$1.009M	0.6%	$47.91	—	COM	148887102
AL	AIR LEASE CORP	33,950	$939K	0.5%	$23.75	-2.2%	COM	00912X302
KO	COCA COLA COMPANY	22,940	$869K	0.5%	$27.85	-3.9%	COM	191216100
ORCL	ORACLE CORP	24,826	$823K	0.5%	$27.58	-1.9%	COM	68389X105
QCOM	QUALCOMM INC	11,861	$798K	0.4%	$45.06	+3.3%	COM	747525103
—	KINDER MORGAN ENERGY PARTNERS	9,925	$792K	0.4%	$84.82	—	COM	494550106
T	AT&T INC	21,407	$724K	0.4%	$11.40	-3.9%	COM	00206R102
PM	PHILLIP MORRIS INTERNATIONAL	7,890	$683K	0.4%	$49.85	-5.0%	COM	718172109
—	EXPRESS SCRIPTS HOLDING COMPAN	10,118	$625K	0.3%	$61.70	—	COM	30219G108
PEP	PEPSICO INC COM	7,677	$610K	0.3%	$56.00	+1.4%	COM	713448108
SLB	SCHLUMBERGER LTD COM	6,735	$595K	0.3%	$53.35	+10.5%	COM	806857108
TEVA	TEVA PHARMACEUTICAL-SP ADR	15,715	$594K	0.3%	$39.20	—	COM	881624209
—	DOW CHEMICAL COMPANY	15,453	$593K	0.3%	$32.15	—	COM	260543103
KMB	KIMBERLY CLARK	6,245	$588K	0.3%	$63.06	-3.1%	COM	494368103
VZ	VERIZON COMMUNICATIONS-fmly Be	12,553	$586K	0.3%	$27.04	-3.4%	COM	92343V104
MO	ALTRIA GROUP (fka Philip Morri	16,342	$561K	0.3%	$16.28	-0.7%	COM	02209S103
TXN	TEXAS INSTRUMENTS INC.	13,645	$550K	0.3%	$25.31	+9.5%	COM	882508104
MMM	3M Co (fmly Minnesota Mining &	4,553	$544K	0.3%	$61.26	+7.7%	COM	88579Y101
—	ANWORTH MORTGAGE ASSET CORP	106,275	$513K	0.3%	$5.60	—	COM	037347101
DIS	WALT DISNEY COMPANY, THE	7,300	$471K	0.3%	$56.11	+1.5%	COM	254687106
BJRI	BJ'S RESTAURANTS INC	16,350	$469K	0.3%	$34.68	-5.1%	COM	09180C106
—	BIOMARIN PHARMACEUTICAL INC	6,015	$434K	0.2%	$72.15	—	COM	09061g101
PSA	PUBLIC STORAGE	2,550	$409K	0.2%	$97.16	+1.3%	COM	74460D109
FCX	FREEPORT McMORAN COPPER - B	11,995	$397K	0.2%	$24.55	+4.5%	COM	35671D857
—	ASSOCIATED ESTATES REALTY CP	23,600	$352K	0.2%	$16.08	—	COM	045604105
—	PEOPLE'S UNITED FINANCIAL INC.	20,500	$295K	0.2%	$14.91	—	COM	712704105
APD	AIR PRODUCTS & CHEMICALS INC	2,750	$293K	0.2%	$61.55	+13.9%	COM	009158106
—	MONSANTO CO	2,521	$263K	0.1%	$104.32	—	COM	61166W101
LOW	LOWES COMPANIES INC.	5,525	$263K	0.1%	$32.16	+13.2%	COM	548661107
NOC	NORTHROP GRUMMAN CORP	2,750	$262K	0.1%	$62.64	+19.5%	COM	666807102
BRK/B	BERKSHIRE HATHAWAY INC - CLASS	2,300	$261K	0.1%	$110.02	+4.9%	COM	084670702
PFF	ISHARES Trust/U.S.Preferred St	6,625	$252K	0.1%	$38.04	—	COM	464288687
BDC	BELDEN INC.	3,850	$247K	0.1%	$56.41	0.0%	COM	077454106
SWK	STANLEY BLACK & DECKER INC	2,587	$234K	0.1%	$62.68	0.0%	COM	854502101
WFC	WELLS FARGO COMPANY	5,625	$232K	0.1%	$27.36	+10.3%	COM	949746101
SCHW	SCHWAB (CHARLES) CORP	10,300	$218K	0.1%	$18.79	0.0%	COM	808513105
CAT	CATERPILLAR INC.	2,600	$217K	0.1%	$61.55	+0.1%	COM	149123101
—	ACHILLION PHARMACEUTICALS	67,650	$204K	0.1%	$6.61	—	COM	00448Q201
NFLX	NETFLIX INC	655	$203K	0.1%	$3.86	0.0%	COM	64110L106
—	ETFS GOLD TRUST	1,550	$203K	0.1%	$130.97	—	COM	26922Y105
—	XILINX INC	4,300	$201K	0.1%	$46.74	—	COM	983919101
—	FIRST NIAGARA FINANCIAL GROUP,	13,073	$136K	0.1%	$10.10	—	COM	33582V108
—	AMARIN CORP	15,000	$95,000	0.1%	$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