Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SHIP FINANCE INTL LTD	579,460	$9.492M	5.0%	$14.94	—	COM	G81075106
AAPL	APPLE INC.	16,698	$9.368M	4.9%	$13.16	+24.4%	COM	037833100
—	GOOGLE INC - CL A	6,187	$6.934M	3.7%	$880.35	—	COM	38259P508
—	GASTAR EXPLORAT 8.6250% SERIES	277,250	$6.651M	3.5%	$24.46	—	PFD	36729P207
GLNG	GOLAR LNG LTD	180,475	$6.549M	3.5%	$27.24	+4.5%	COM	G9456A100
CHKP	CHECK POINT SOFTWARE TECH	92,486	$5.965M	3.1%	$48.11	+25.0%	COM	M22465104
MCHP	MICROCHIP TECHNOLOGY INC	123,545	$5.529M	2.9%	$13.83	+16.9%	COM	595017104
GILD	GILEAD SCIENCES INC.	70,569	$5.3M	2.8%	$42.31	+14.3%	COM	375558103
—	CELGENE CORP	29,975	$5.065M	2.7%	$123.11	—	COM	151020104
—	WHOLE FOODS MARKET INC	78,630	$4.547M	2.4%	$52.61	—	COM	966837106
JNJ	JOHNSON & JOHNSON	49,400	$4.525M	2.4%	$59.66	+10.2%	COM	478160104
—	LEXINGTON REALTY TRUST	442,500	$4.518M	2.4%	$11.68	—	COM	529043101
—	NORDIC AMERICAN TANKERS LTD	420,100	$4.075M	2.1%	$8.24	—	COM	g65773106
—	MORGAN STANLEY CAP TR III 6.25	143,025	$3.431M	1.8%	$24.92	—	PFD	617460209
HAL	HALLIBURTON CO.	66,816	$3.391M	1.8%	$33.21	+24.3%	COM	406216101
COP	CONOCOPHILLIPS	47,497	$3.356M	1.8%	$39.96	+21.1%	COM	20825C104
—	SCORPIO TANKERS INC	282,160	$3.327M	1.8%	$9.37	—	COM	Y7542C106
—	BGC PARTNERS INC-CL A	548,950	$3.321M	1.7%	$5.89	—	COM	05541T101
—	BIOMARIN PHARMACEUTICAL INC	46,455	$3.268M	1.7%	$70.58	—	COM	09061g101
CNI	CANADIAN NATL RAILWAY CO	57,000	$3.25M	1.7%	$41.34	+7.2%	COM	136375102
—	ACHILLION PHARMACEUTICALS	978,025	$3.246M	1.7%	$3.55	—	COM	00448Q201
—	MARATHON OIL CORP	86,720	$3.061M	1.6%	$34.58	—	COM	565849106
BP	BP P.L.C. ADR (fmly BP Amoco P	62,925	$3.059M	1.6%	$41.74	—	COM	055622104
—	HESS CORP (fmly Amerada Hess C	36,575	$3.036M	1.6%	$78.42	—	COM	42809H107
MRK	MERCK and CO INC	59,975	$3.002M	1.6%	$30.02	+4.2%	COM	58933Y105
—	NEW RESIDENTIAL INVESTMENT COR	433,820	$2.898M	1.5%	$6.74	—	COM	64828T102
—	COUNTRYWIDE CAPITAL V	109,775	$2.783M	1.5%	$25.16	—	PFD	222388209
PSX	PHILLIPS 66	35,570	$2.744M	1.4%	$40.44	+7.4%	COM	718546104
—	CALLIDUS SOFTWARE INC	195,825	$2.689M	1.4%	$6.59	—	COM	13123E500
CVX	CHEVRON CORP (fmly ChevronTexa	20,631	$2.577M	1.4%	$71.30	+1.7%	COM	166764100
—	SPECTRA ENERGY CORP	71,600	$2.55M	1.3%	$34.46	—	COM	847560109
SBUX	STARBUCKS CORP	32,035	$2.511M	1.3%	$24.37	+28.1%	COM	855244109
MPC	MARATHON PETROLEUM CORP	27,337	$2.508M	1.3%	$27.55	-2.6%	COM	56585A102
—	FIRST POTOMAC REALTY TRUST	207,950	$2.418M	1.3%	$13.06	—	COM	33610f109
RWT	REDWOOD TRUST INC	117,300	$2.272M	1.2%	$17.00	—	COM	758075402
—	GENERAL ELECTRIC CO	80,229	$2.249M	1.2%	$23.20	—	COM	369604103
—	FRONTIER COMMUNICATIONS CORP	479,349	$2.229M	1.2%	$4.05	—	COM	35906A108
MDLZ	MONDELEZ INTERNATIONAL -W/I	56,867	$2.007M	1.1%	$23.16	+10.2%	COM	609207105
XOM	EXXON MOBIL CORPORATION	19,140	$1.937M	1.0%	$53.69	+4.2%	COM	30231G102
PFE	PFIZER INC.	61,053	$1.87M	1.0%	$16.46	+7.1%	COM	717081103
BMY	BRISTOL MYERS SQUIBB COM	33,690	$1.791M	0.9%	$28.83	+18.5%	COM	110122108
EWBC	EAST WEST BANCORP INC	46,775	$1.636M	0.9%	$19.26	+34.0%	COM	27579R104
IBM	INTERNATIONAL BUSINESS MACHINE	8,164	$1.531M	0.8%	$117.67	-9.6%	COM	459200101
EEFT	EURONET WORLDWIDE INC	31,410	$1.503M	0.8%	$31.84	+41.0%	COM	298736109
—	HALOZYME THERAPEAUTICS INC	98,855	$1.482M	0.8%	$8.04	—	COM	40637h109
—	KRAFT FOODS GROUP INC	26,380	$1.422M	0.7%	$55.88	—	COM	50076Q106
INTC	INTEL CORP COM	51,985	$1.349M	0.7%	$17.18	+4.4%	COM	458140100
DUK	DUKE ENERGY CORP-NEW	19,095	$1.318M	0.7%	$41.83	+1.2%	COM	26441C204
—	NEWCASTLE INVESTMENT CORP	215,400	$1.236M	0.7%	$5.23	—	COM	65105M108
—	ANWORTH MORTGAGE ASSET CORP	265,375	$1.117M	0.6%	$4.77	—	COM	037347101
ADI	ANALOG DEVICES INC	21,850	$1.113M	0.6%	$34.29	+9.8%	COM	032654105
PG	PROCTER & GAMBLE CO.	13,470	$1.097M	0.6%	$55.00	+5.5%	COM	742718109
AL	AIR LEASE CORP	32,150	$999K	0.5%	$23.75	+9.1%	COM	00912X302
ORCL	ORACLE CORP	23,926	$915K	0.5%	$27.58	+4.4%	COM	68389X105
KO	COCA COLA COMPANY	21,440	$886K	0.5%	$27.85	-3.3%	COM	191216100
QCOM	QUALCOMM INC	11,875	$882K	0.5%	$45.06	+11.8%	COM	747525103
NKE	NIKE INC CL B	10,595	$833K	0.4%	$32.86	0.0%	COM	654106103
—	KINDER MORGAN ENERGY PARTNERS	9,925	$801K	0.4%	$84.82	—	COM	494550106
—	INTERMUNE INC	51,050	$752K	0.4%	$14.54	—	COM	45884X103
T	AT&T INC	20,907	$735K	0.4%	$11.40	-2.0%	COM	00206R102
—	DOW CHEMICAL COMPANY	15,415	$684K	0.4%	$32.15	—	COM	260543103
PM	PHILLIP MORRIS INTERNATIONAL	7,550	$658K	0.3%	$49.85	-4.0%	COM	718172109
KMB	KIMBERLY CLARK	6,245	$652K	0.3%	$63.06	+5.2%	COM	494368103
—	EXPRESS SCRIPTS HOLDING COMPAN	9,088	$638K	0.3%	$61.70	—	COM	30219G108
PEP	PEPSICO INC COM	7,677	$637K	0.3%	$56.00	+3.1%	COM	713448108
TEVA	TEVA PHARMACEUTICAL-SP ADR	15,715	$630K	0.3%	$39.20	—	COM	881624209
MO	ALTRIA GROUP (fka Philip Morri	16,342	$627K	0.3%	$16.28	+5.3%	COM	02209S103
VZ	VERIZON COMMUNICATIONS-fmly Be	12,553	$617K	0.3%	$27.04	-1.6%	COM	92343V104
SLB	SCHLUMBERGER LTD COM	6,735	$607K	0.3%	$53.35	+21.9%	COM	806857108
TXN	TEXAS INSTRUMENTS INC.	13,560	$595K	0.3%	$25.31	+18.8%	COM	882508104
MMM	3M Co (fmly Minnesota Mining &	4,030	$565K	0.3%	$61.26	+18.6%	COM	88579Y101
—	ENCANA CORP	30,890	$558K	0.3%	$18.06	—	COM	292505104
DIS	WALT DISNEY COMPANY, THE	6,300	$481K	0.3%	$56.11	+9.9%	COM	254687106
BJRI	BJ'S RESTAURANTS INC	11,850	$368K	0.2%	$34.68	-19.3%	COM	09180C106
PSA	PUBLIC STORAGE	2,350	$354K	0.2%	$97.16	+3.1%	COM	74460D109
—	ASSOCIATED ESTATES REALTY CP	20,100	$323K	0.2%	$16.08	—	COM	045604105
NOC	NORTHROP GRUMMAN CORP	2,750	$315K	0.2%	$62.64	+39.4%	COM	666807102
APD	AIR PRODUCTS & CHEMICALS INC	2,750	$307K	0.2%	$61.55	+21.6%	COM	009158106
FCX	FREEPORT McMORAN COPPER - B	7,950	$300K	0.2%	$24.55	+22.5%	COM	35671D857
SCHW	SCHWAB (CHARLES) CORP	11,300	$294K	0.2%	$18.95	+9.0%	COM	808513105
BRK/B	BERKSHIRE HATHAWAY INC - CLASS	2,300	$273K	0.1%	$110.02	+5.1%	COM	084670702
LOW	LOWES COMPANIES INC.	5,500	$273K	0.1%	$32.16	+21.7%	COM	548661107
WFC	WELLS FARGO COMPANY	5,625	$255K	0.1%	$27.36	+12.4%	COM	949746101
—	PEOPLE'S UNITED FINANCIAL INC.	16,500	$249K	0.1%	$14.91	—	COM	712704105
BDC	BELDEN INC.	3,350	$236K	0.1%	$56.41	+15.5%	COM	077454106
AXP	AMERICAN EXPRESS CO.	2,500	$227K	0.1%	$69.27	0.0%	COM	025816109
—	GLAXOSMITHKLINE PLC	4,000	$214K	0.1%	$53.50	—	COM	37733W105
SWK	STANLEY BLACK & DECKER INC	2,587	$209K	0.1%	$62.68	-3.9%	COM	854502101
PFF	ISHARES Trust/U.S.Preferred St	5,625	$207K	0.1%	$38.04	—	COM	464288687
—	RAYTHEON COMPANY	2,223	$202K	0.1%	$90.87	—	COM	755111507
—	EMCORE CORP	31,150	$159K	0.1%	$4.48	—	COM	290846203
—	FIRST NIAGARA FINANCIAL GROUP,	12,973	$138K	0.1%	$10.10	—	COM	33582V108
—	AMARIN CORP	15,000	$30,000	0.0%	$5.80	—	COM	023111206
—	TRANSTEXAS GAS CORP SR PFD SER	41,140	$0	0.0%	—	—	PFD	893895607
—	TVI CORP	17,500	$0	0.0%	—	—	COM	872916101
—	TRANSTEXAS GAS CORP - CLASS A	15,041	$0	0.0%	—	—	COM	893895201