Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SHIP FINANCE INTL LTD	593,960	$10.67M	5.5%	$15.02	—	COM	G81075106
AAPL	APPLE INC.	16,663	$8.944M	4.6%	$13.16	+26.0%	COM	037833100
—	GOOGLE INC - CL C	6,130	$6.832M	3.5%	$1114.52	—	COM	38259P706
—	GASTAR EXPLORAT 8.6250% SERIES	272,250	$6.711M	3.4%	$24.46	—	PFD	36729P207
CHKP	CHECK POINT SOFTWARE TECH	91,086	$6.16M	3.2%	$48.11	+37.4%	COM	M22465104
MCHP	MICROCHIP TECHNOLOGY INC	121,945	$5.824M	3.0%	$13.83	+28.4%	COM	595017104
GILD	GILEAD SCIENCES INC.	81,334	$5.763M	3.0%	$43.92	+24.1%	COM	375558103
GLNG	GOLAR LNG LTD	122,225	$5.096M	2.6%	$27.24	+6.9%	COM	G9456A100
—	LEXINGTON REALTY TRUST	455,000	$4.964M	2.6%	$11.66	—	COM	529043101
—	NAVIOS MARITIME HOLDINGS INC	501,800	$4.943M	2.5%	$9.85	—	COM	Y62196103
JNJ	JOHNSON & JOHNSON	48,830	$4.797M	2.5%	$59.66	+11.7%	COM	478160104
—	CELGENE CORP	31,645	$4.418M	2.3%	$123.98	—	COM	151020104
—	BGC PARTNERS INC-CL A	661,430	$4.326M	2.2%	$6.00	—	COM	05541T101
—	NORDIC AMERICAN TANKERS LTD	419,300	$4.126M	2.1%	$8.24	—	COM	g65773106
HAL	HALLIBURTON CO.	64,116	$3.776M	1.9%	$33.21	+28.8%	COM	406216101
—	ACHILLION PHARMACEUTICALS	1,122,325	$3.692M	1.9%	$3.51	—	COM	00448Q201
—	MORGAN STANLEY CAP TR III 6.25	141,025	$3.541M	1.8%	$24.92	—	PFD	617460209
MRK	MERCK and CO INC	59,420	$3.373M	1.7%	$30.02	+19.1%	COM	58933Y105
COP	CONOCOPHILLIPS	47,197	$3.32M	1.7%	$39.96	+13.7%	COM	20825C104
—	WHOLE FOODS MARKET INC	62,105	$3.149M	1.6%	$52.61	—	COM	966837106
—	MARATHON OIL CORP	86,095	$3.058M	1.6%	$34.58	—	COM	565849106
—	HESS CORP (fmly Amerada Hess C	36,025	$2.986M	1.5%	$78.42	—	COM	42809H107
BP	BP P.L.C. ADR (fmly BP Amoco P	61,925	$2.979M	1.5%	$41.74	—	COM	055622104
—	BIOMARIN PHARMACEUTICAL INC	42,915	$2.927M	1.5%	$70.58	—	COM	09061g101
PSX	PHILLIPS 66	36,920	$2.845M	1.5%	$40.78	+22.2%	COM	718546104
—	COUNTRYWIDE CAPITAL V	107,325	$2.737M	1.4%	$25.16	—	PFD	222388209
—	FRONTIER COMMUNICATIONS CORP	473,349	$2.7M	1.4%	$4.05	—	COM	35906A108
CNI	CANADIAN NATL RAILWAY CO	46,400	$2.609M	1.3%	$41.34	+7.8%	COM	136375102
—	SPECTRA ENERGY CORP	70,250	$2.595M	1.3%	$34.46	—	COM	847560109
—	NEW RESIDENTIAL INVESTMENT COR	390,270	$2.525M	1.3%	$6.74	—	COM	64828T102
SBUX	STARBUCKS CORP	32,560	$2.389M	1.2%	$24.45	+19.8%	COM	855244109
MPC	MARATHON PETROLEUM CORP	27,087	$2.358M	1.2%	$27.55	+11.5%	COM	56585A102
CVX	CHEVRON CORP (fmly ChevronTexa	19,681	$2.34M	1.2%	$71.30	-1.3%	COM	166764100
RWT	REDWOOD TRUST INC	115,300	$2.338M	1.2%	$17.00	—	COM	758075402
—	FIRST POTOMAC REALTY TRUST	179,150	$2.315M	1.2%	$13.06	—	COM	33610f109
—	GFI GROUP INC.	601,000	$2.134M	1.1%	$3.55	—	COM	361652209
—	GENERAL ELECTRIC CO	78,529	$2.033M	1.0%	$23.20	—	COM	369604103
—	CALLIDUS SOFTWARE INC	161,525	$2.022M	1.0%	$6.59	—	COM	13123E500
PFE	PFIZER INC.	60,371	$1.939M	1.0%	$16.46	+10.6%	COM	717081103
MDLZ	MONDELEZ INTERNATIONAL -W/I	55,867	$1.93M	1.0%	$23.16	+13.8%	COM	609207105
XOM	EXXON MOBIL CORPORATION	19,020	$1.858M	1.0%	$53.69	+8.2%	COM	30231G102
BMY	BRISTOL MYERS SQUIBB COM	33,940	$1.763M	0.9%	$28.83	+24.6%	COM	110122108
IBM	INTERNATIONAL BUSINESS MACHINE	8,164	$1.571M	0.8%	$117.67	-7.2%	COM	459200101
EWBC	EAST WEST BANCORP INC	41,775	$1.525M	0.8%	$19.26	+39.8%	COM	27579R104
—	KRAFT FOODS GROUP INC	25,880	$1.452M	0.7%	$55.88	—	COM	50076Q106
INTC	INTEL CORP COM	52,060	$1.344M	0.7%	$17.18	+8.7%	COM	458140100
DUK	DUKE ENERGY CORP-NEW	18,262	$1.301M	0.7%	$41.83	+2.0%	COM	26441C204
—	ANWORTH MORTGAGE ASSET CORP	262,375	$1.301M	0.7%	$4.77	—	COM	037347101
—	INTERMUNE INC	38,210	$1.279M	0.7%	$14.54	—	COM	45884X103
—	HALOZYME THERAPEAUTICS INC	98,755	$1.255M	0.6%	$8.04	—	COM	40637h109
AL	AIR LEASE CORP	33,150	$1.236M	0.6%	$23.90	+20.6%	COM	00912X302
OXY	OCCIDENTAL PETE CP DEL COM	11,950	$1.139M	0.6%	$62.47	0.0%	COM	674599105
ADI	ANALOG DEVICES INC	20,550	$1.092M	0.6%	$34.29	+14.5%	COM	032654105
PG	PROCTER & GAMBLE CO.	13,470	$1.086M	0.6%	$55.00	+2.7%	COM	742718109
LMT	LOCKHEED MARTIN CORPORATION	6,495	$1.06M	0.5%	$113.36	0.0%	COM	539830109
ORCL	ORACLE CORP	23,676	$969K	0.5%	$27.58	+15.9%	COM	68389X105
QCOM	QUALCOMM INC	11,925	$940K	0.5%	$45.06	+19.9%	COM	747525103
—	SCORPIO TANKERS INC	89,050	$888K	0.5%	$9.37	—	COM	Y7542C106
KO	COCA COLA COMPANY	20,340	$786K	0.4%	$27.85	-4.7%	COM	191216100
TEVA	TEVA PHARMACEUTICAL-SP ADR	14,715	$778K	0.4%	$39.20	—	COM	881624209
NKE	NIKE INC CL B	10,445	$771K	0.4%	$32.86	-0.9%	COM	654106103
—	DOW CHEMICAL COMPANY	15,415	$749K	0.4%	$32.15	—	COM	260543103
—	KINDER MORGAN ENERGY PARTNERS	9,925	$734K	0.4%	$84.82	—	COM	494550106
T	AT&T INC	20,807	$730K	0.4%	$11.40	-4.8%	COM	00206R102
—	EXPRESS SCRIPTS HOLDING COMPAN	9,088	$682K	0.4%	$61.70	—	COM	30219G108
KMB	KIMBERLY CLARK	6,120	$675K	0.3%	$63.06	+10.0%	COM	494368103
SLB	SCHLUMBERGER LTD COM	6,635	$647K	0.3%	$53.35	+22.7%	COM	806857108
PEP	PEPSICO INC COM	7,677	$641K	0.3%	$56.00	+1.5%	COM	713448108
TXN	TEXAS INSTRUMENTS INC.	13,560	$639K	0.3%	$25.31	+26.2%	COM	882508104
PM	PHILLIP MORRIS INTERNATIONAL	7,550	$618K	0.3%	$49.85	-10.2%	COM	718172109
MO	ALTRIA GROUP (fka Philip Morri	16,342	$612K	0.3%	$16.28	+5.2%	COM	02209S103
VZ	VERIZON COMMUNICATIONS-fmly Be	12,461	$593K	0.3%	$27.04	-4.3%	COM	92343V104
DIS	WALT DISNEY COMPANY, THE	6,300	$504K	0.3%	$56.11	+24.2%	COM	254687106
MMM	3M Co (fmly Minnesota Mining &	3,530	$479K	0.2%	$61.26	+24.5%	COM	88579Y101
BJRI	BJ'S RESTAURANTS INC	11,550	$378K	0.2%	$34.68	-15.5%	COM	09180C106
PSA	PUBLIC STORAGE	2,200	$371K	0.2%	$97.16	+5.3%	COM	74460D109
—	ASSOCIATED ESTATES REALTY CP	20,100	$340K	0.2%	$16.08	—	COM	045604105
NOC	NORTHROP GRUMMAN CORP	2,750	$339K	0.2%	$62.64	+55.1%	COM	666807102
AMGN	AMGEN INC.	2,650	$327K	0.2%	$86.89	0.0%	COM	031162100
APD	AIR PRODUCTS & CHEMICALS INC	2,750	$327K	0.2%	$61.55	+28.8%	COM	009158106
SCHW	SCHWAB (CHARLES) CORP	11,700	$320K	0.2%	$19.08	+19.0%	COM	808513105
BRK/B	BERKSHIRE HATHAWAY INC - CLASS	2,300	$287K	0.1%	$110.02	+6.2%	COM	084670702
WFC	WELLS FARGO COMPANY	5,625	$280K	0.1%	$27.36	+22.1%	COM	949746101
LOW	LOWES COMPANIES INC.	5,500	$269K	0.1%	$32.16	+21.3%	COM	548661107
FCX	FREEPORT McMORAN COPPER - B	7,950	$263K	0.1%	$24.55	+15.9%	COM	35671D857
—	GLAXOSMITHKLINE PLC	4,500	$240K	0.1%	$53.48	—	COM	37733W105
—	NEWCASTLE INVESTMENT CORP	50,650	$238K	0.1%	$5.23	—	COM	65105M108
—	XILINX INC	4,300	$233K	0.1%	$54.19	—	COM	983919101
BDC	BELDEN INC.	3,350	$233K	0.1%	$56.41	+18.6%	COM	077454106
—	NEW MEDIA INVESTMENT GROUP	15,295	$230K	0.1%	$15.04	—	COM	64704V106
AXP	AMERICAN EXPRESS CO.	2,500	$225K	0.1%	$69.27	+9.0%	COM	025816109
WYNN	WYNN RESORTS LTD	1,000	$222K	0.1%	$183.42	0.0%	COM	983134107
PFF	ISHARES Trust/U.S.Preferred St	5,625	$220K	0.1%	$38.04	—	COM	464288687
—	RAYTHEON COMPANY	2,223	$220K	0.1%	$90.87	—	COM	755111507
SWK	STANLEY BLACK & DECKER INC	2,587	$210K	0.1%	$62.68	-5.3%	COM	854502101
CAT	CATERPILLAR INC.	2,100	$209K	0.1%	$69.69	0.0%	COM	149123101
EEFT	EURONET WORLDWIDE INC	4,860	$202K	0.1%	$31.84	+30.2%	COM	298736109
—	PEOPLE'S UNITED FINANCIAL INC.	13,000	$193K	0.1%	$14.91	—	COM	712704105
—	EMCORE CORP	31,150	$157K	0.1%	$4.48	—	COM	290846203
—	FIRST NIAGARA FINANCIAL GROUP,	12,973	$123K	0.1%	$10.10	—	COM	33582V108
—	AMARIN CORP	15,000	$27,000	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