Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ACCESS MIDSTREAM PARTNERS LP U	202,225	$9.646M	4.8%	$47.70	—	COM	00434L109
—	ANADARKO PETROLEUM	92,990	$7.991M	4.0%	$85.93	—	COM	032511107
AAPL	APPLE	16,280	$6.456M	3.2%	$13.16	0.0%	COM	037833100
—	CIGNA CORP COM	87,400	$6.336M	3.2%	$72.49	—	COM	125509109
—	VODAFONE GROUP PLC	218,325	$6.276M	3.1%	$28.75	—	COM	92857W209
—	LINN ENERGY	179,425	$5.953M	3.0%	$33.18	—	COM	536020100
—	KKR FINANCIAL HLDGS LLC COM	559,875	$5.907M	2.9%	$10.55	—	COM	48248A306
—	LEXINGTON REALTY TR	499,700	$5.836M	2.9%	$11.68	—	COM	529043101
PFE	PFIZER	202,550	$5.673M	2.8%	$16.46	0.0%	COM	717081103
HON	HONEYWELL INTL INC	68,975	$5.472M	2.7%	$53.13	0.0%	COM	438516106
MRK	MERCK & CO INC NEW COM	117,200	$5.444M	2.7%	$30.02	0.0%	COM	58933Y105
—	CHICAGO BRIDGE & IRON CO	82,800	$4.94M	2.5%	$59.66	—	COM	167250109
WFC	WELLS FARGO	115,900	$4.783M	2.4%	$27.36	0.0%	COM	949746101
—	DIRECT TV	76,732	$4.73M	2.4%	$61.64	—	COM	25490A309
—	STAPLES	295,425	$4.688M	2.3%	$15.87	—	COM	855030102
C	CITIGROUP INC.	97,273	$4.666M	2.3%	$35.76	0.0%	COM	172967424
EBAY	EBAY	86,975	$4.498M	2.2%	$20.18	0.0%	COM	278642103
INCY	INCYTE	204,000	$4.488M	2.2%	$21.85	0.0%	COM	45337C102
FCX	FREEPORT MCMORAN	157,450	$4.347M	2.2%	$24.45	0.0%	COM	35671D857
—	WESTERN GAS PARTNERS	66,710	$4.329M	2.2%	$64.89	—	COM	958254104
CAT	CATERPILLAR	50,350	$4.153M	2.1%	$61.55	0.0%	COM	149123101
—	NEW YORK COMMUNITY BANCORP	282,850	$3.96M	2.0%	$14.00	—	COM	649445103
AIG	AMERICAN INTL GROUP INC. NEW	88,125	$3.939M	2.0%	$32.51	0.0%	COM	026874784
—	DENBURY RES INC COM NEW	208,100	$3.604M	1.8%	$17.32	—	COM	247916208
—	WALGREEN	79,450	$3.512M	1.7%	$44.20	—	COM	931422109
—	VIROPHARMA	121,500	$3.481M	1.7%	$28.65	—	COM	928241108
—	ZIONS BANCORP PREFERRED 9.5%	132,075	$3.355M	1.7%	$25.40	—	PFD	989701503
BAC	BANK OF AMERICA	259,200	$3.333M	1.7%	$10.03	0.0%	COM	060505104
—	QEP RESOURCES	116,450	$3.235M	1.6%	$27.78	—	COM	74733V100
—	M&T CAP TR IV 8.5% GTD ENHANC	122,159	$3.155M	1.6%	$25.83	—	PFD	55292C203
GLD	SPDR GOLD TRUST	26,455	$3.151M	1.6%	$119.11	—	COM	78463V107
WYNN	WYNN RESORTS	21,200	$2.713M	1.3%	$106.96	0.0%	COM	983134107
—	EV ENERGY PARTNERS LP	69,150	$2.584M	1.3%	$37.37	—	COM	26926V107
—	EXCEL	194,100	$2.486M	1.2%	$12.81	—	COM	30068C109
—	PRIVATEBANCORP 10%	91,600	$2.367M	1.2%	$25.84	—	PFD	74272L208
GNRC	GENERAC HOLDINGS INC	59,450	$2.2M	1.1%	$32.90	0.0%	COM	368736104
TEVA	TEVA PHARMACEUTICAL	46,250	$1.813M	0.9%	$39.20	—	COM	881624209
—	NORTHSTAR REALTY FINANCE PREF	70,900	$1.758M	0.9%	$24.80	—	PFD	66705V209
—	RESOURCE CAPITAL PERF B 8.25%	67,600	$1.653M	0.8%	$24.45	—	PFD	76120W500
—	RR DONNELLEY & SONS CO	105,775	$1.482M	0.7%	$14.01	—	COM	257867101
—	EXCEL TR INC 8.125% CUM PRF	53,225	$1.366M	0.7%	$25.66	—	PFD	30068C307
—	RESOURCE CAPITAL	204,100	$1.255M	0.6%	$6.15	—	COM	76120W302
T	AT&T	33,500	$1.186M	0.6%	$11.40	0.0%	COM	00206R102
—	BGC PARTNERS INC	200,500	$1.181M	0.6%	$5.89	—	COM	05541T101
STAG	STAG INDUSTRIAL INC	58,150	$1.16M	0.6%	$19.95	—	COM	85254J102
—	THL CREDIT INC	76,050	$1.155M	0.6%	$15.19	—	COM	872438106
—	STRATEGIC HOTEL CAP INC PRF SE	47,135	$1.131M	0.6%	$23.99	—	PFD	86272T304
—	MEDLEY CAP	81,800	$1.111M	0.6%	$13.58	—	COM	58503F106
JPM	JPMORGAN CHASE	20,600	$1.087M	0.5%	$36.24	0.0%	COM	46625H100
—	MORGAN STANLEY CAP 5.75%	43,350	$1.06M	0.5%	$24.45	—	PFD	617466206
—	BEAZER HOMES USA INC 7.5%	35,450	$1.034M	0.5%	$29.17	—	PFD	07556Q709
—	ATLAS RESOURCE PARTNERS LP	42,200	$924K	0.5%	$21.90	—	COM	04941A101
DAL	DELTA AIRLINES INC	47,550	$890K	0.4%	$14.99	0.0%	COM	247361702
XOM	EXXON	9,200	$831K	0.4%	$53.69	0.0%	COM	30231G102
M	MACYS	15,900	$763K	0.4%	$46.44	0.0%	COM	55616P104
—	NORTHSTAR REALTY FINANCE	74,750	$680K	0.3%	$9.10	—	COM	66704R100
—	ALCOA	78,600	$615K	0.3%	$7.82	—	COM	013817101
—	STRATEGIC HOTEL CAP INC PFD SE	24,900	$600K	0.3%	$24.10	—	PFD	86272T403
TEX	TEREX	21,600	$568K	0.3%	$30.88	0.0%	COM	880779103
TGONF	TETRAGON FINANCIAL GROUP LTD	47,500	$513K	0.3%	$10.80	—	COM	G8766R134
BRK/A	BERKSHIRE HATHAWAY DEL CL A	3	$506K	0.3%	$165023.42	0.0%	COM	084670108
—	MANITOWOC INC	28,200	$505K	0.3%	$17.91	—	COM	563571108
MS	MORGAN STANLEY	20,000	$489K	0.2%	$17.33	0.0%	COM	617446448
—	J C PENNEY INC	28,000	$478K	0.2%	$17.07	—	COM	708160106
—	KINDER MORGAN ENERGY PARTNERS	5,500	$470K	0.2%	$85.45	—	COM	494550106
—	ALPHA NATURAL RESOURCES SR NT	500,000	$455K	0.2%	$0.91	—	CONV	02076XAA0
—	LIBERTY MEDIA CORP. CL A	3,514	$445K	0.2%	$126.64	—	COM	531229102
—	LIBERTY INTERACTIVE CORPORATIO	18,544	$427K	0.2%	$23.03	—	COM	53071M104
—	NORTHSTAR REALTY FINANCE PREF	16,200	$411K	0.2%	$25.37	—	PFD	66704R506
—	STRATEGIC HOTEL CAP INC PFD SE	16,200	$389K	0.2%	$24.01	—	PFD	86272T502
COST	COSTCO WHSL	3,500	$387K	0.2%	$86.56	0.0%	COM	22160K105
—	BREITBURN ENERGY PARTNERS	20,600	$376K	0.2%	$18.25	—	COM	106776107
—	STAG INDUSTRIAL PRF SER B 6.62	15,500	$374K	0.2%	$24.13	—	PFD	85254J300
VZ	VERIZON COMMUNICATIONS	7,400	$373K	0.2%	$27.04	0.0%	COM	92343V104
—	ASSOCIATED BANC-CORP PFD STK S	12,400	$352K	0.2%	$28.39	—	PFD	045488202
—	BUCKEYE PARTNERS L.P	5,000	$351K	0.2%	$70.20	—	COM	118230101
—	CITY NATIONAL	5,400	$342K	0.2%	$63.33	—	COM	178566105
MGM	MGM MIRAGE	22,500	$333K	0.2%	$13.35	0.0%	COM	552953101
OPK	OPKO HEALTH INC COM	46,000	$327K	0.2%	$6.91	0.0%	COM	68375N103
ULBI	ULTRALIFE BATTERIES	89,500	$319K	0.2%	$3.90	0.0%	COM	903899102
EPD	ENTERPRISE PRDS PARTNERS LP	5,000	$311K	0.2%	$62.20	—	COM	293792107
—	HOME LOAN SERVICING SOLUTIONS	12,400	$297K	0.1%	$23.95	—	COM	G6648D109
ZION	ZIONS BANCORPORATION	10,000	$289K	0.1%	$26.15	0.0%	COM	989701107
—	CLIFFS NATURAL RESOURCES 7%	15,500	$275K	0.1%	$17.74	—	PFD	18683K408
—	DEAN FOODS CO	27,000	$271K	0.1%	$10.04	—	COM	242370104
—	LINC ENERGY	300,000	$241K	0.1%	$0.80	—	COM	Q5562Z103
—	SANDRIDGE ENERGY	50,000	$238K	0.1%	$4.76	—	COM	80007P307
ORCL	ORACLE	7,050	$217K	0.1%	$27.58	0.0%	COM	68389X105
JNJ	JOHNSON & JOHNSON	2,500	$215K	0.1%	$59.66	0.0%	COM	478160104
—	SPRINT	27,500	$193K	0.1%	$7.02	—	COM	852061100
—	WHITEWAVE FOODS COMPANY	11,405	$185K	0.1%	$16.22	—	COM	966244105
—	WHITEWAVE FOODS CO COM CL B	10,548	$160K	0.1%	$15.17	—	COM	966244204
OSUR	ORASURE TECHNOLOGIES	32,000	$124K	0.1%	$4.46	0.0%	COM	68554V108
HBAN	HUNTINGTON BANCSHARES	15,000	$118K	0.1%	$4.66	0.0%	COM	446150104
—	FIFTH STREET FINANCE CORP	10,000	$104K	0.1%	$10.40	—	COM	31678A103
—	CHIMERA INVESTMENT CORP	30,000	$90,000	0.0%	$3.00	—	COM	16934Q109
—	RITE AID	11,000	$31,000	0.0%	$2.82	—	COM	767754104
—	BLACKHAWK CAP GROUP BDC	24,000	$1,000	0.0%	$0.04	—	COM	09236T103
BRCOQ	BEARD	13,800	$0	0.0%	$0.01	0.0%	COM	07384R408
—	RSTK MEDIVANCE INC SER A	16,500	$0	0.0%	—	—	PFD	584992333
GLEC	GLOBAL ECOLOGY CORP COM	250,000	$0	0.0%	$0.00	0.0%	COM	37950A109
—	RSTK CELLICON BIOTECH SER A	100,000	$0	0.0%	—	—	COM	150990448
—	RSTK FULCRUM PHARM	20,000	$0	0.0%	—	—	COM	359994217
—	RSTK RXKINETIX INC	12,500	$0	0.0%	—	—	COM	749995205
—	RSTK TRIAD BIOTECHNOLOGY	60,000	$0	0.0%	—	—	COM	898994108