Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AAPL	APPLE	109,520	$13.74M	6.3%	$125.43 *	$18.86	+48.7%	COM	037833100
GILD	GILEAD SCIENCES	104,810	$12.27M	5.6%	$117.08 *	$71.97	+13.4%	COM	375558103
—	COLONY CAPITAL, INC.	501,698	$11.36M	5.2%	$22.65	$23.39	—	COM	19624R106
—	WHITEWAVE FOODS COMPANY	229,060	$11.2M	5.1%	$48.88	$22.65	—	COM	966244105
—	AETNA	72,485	$9.239M	4.2%	$127.46	$80.35	—	COM	00817Y108
BAC	BANK OF AMERICA	541,300	$9.213M	4.2%	$17.02 *	$11.59	+17.2%	COM	060505104
—	CBS CORP CL B	158,775	$8.812M	4.0%	$55.50	$59.85	—	COM	124857202
DAL	DELTA AIRLINES INC	172,325	$7.079M	3.2%	$41.08 *	$26.21	+37.8%	COM	247361702
—	VALEANT PHARMACEUTICALS INTERN	31,290	$6.951M	3.2%	$222.15	$222.15	—	COM	91911K102
—	WALGREENS BOOT ALLIANCE INC	79,325	$6.698M	3.1%	$84.44	$76.20	—	COM	931427108
BA	BOEING	46,630	$6.469M	3.0%	$138.73 *	$127.79	-3.9%	COM	097023105
—	ALLERGAN PLC	20,830	$6.321M	2.9%	$303.46	$303.46	—	COM	G0177J108
—	NEW MEDIA INVESTMENT GROUP INC	339,825	$6.093M	2.8%	$17.93	$16.72	—	COM	64704V106
—	NEW YORK COMMUNITY BANCORP	298,550	$5.487M	2.5%	$18.38	$14.72	—	COM	649445103
C	CITIGROUP INC.	98,943	$5.466M	2.5%	$55.24 *	$36.68	+12.3%	COM	172967424
—	LEXINGTON REALTY TR	568,050	$4.817M	2.2%	$8.48	$11.12	—	COM	529043101
—	GOOGLE INC	8,823	$4.592M	2.1%	$520.46	$542.39	—	COM	38259P706
AGN 5.5 03/01/18 A	ALLERGAN PLC SER A 5.5%	4,185	$4.376M	2.0%	$1045.64	$1045.64	—	PFD	G0177J116
STWD	STARWOOD PROPERTY TRUST INC	202,375	$4.365M	2.0%	$21.57	$25.62	—	COM	85571B105
DG	DOLLAR GENERAL CORP	54,135	$4.208M	1.9%	$77.73 *	$65.84	+3.3%	COM	256677105
—	BGC PARTNERS INC	441,350	$3.862M	1.8%	$8.75	$6.89	—	COM	05541T101
—	CIGNA CORP COM	23,775	$3.852M	1.8%	$162.02	$72.49	—	COM	125509109
MRK	MERCK & CO INC	63,225	$3.599M	1.6%	$56.92 *	$30.29	+29.4%	COM	58933Y105
—	AMERICAN INTERNATIONAL GROUP	54,075	$3.343M	1.5%	$61.82	$54.78	—	COM	026874107
—	NEW SENIOR INVESTMENT GROUP IN	234,000	$3.129M	1.4%	$13.37	$13.78	—	COM	648691103
—	ANADARKO PETROLEUM	39,725	$3.101M	1.4%	$78.06	$85.89	—	COM	032511107
KMI	KINDER MORGAN INC	73,750	$2.831M	1.3%	$38.39 *	$21.74	+3.3%	COM	49456B101
—	DIRECT TV	27,107	$2.515M	1.1%	$92.78	$61.64	—	COM	25490A309
—	EXCEL TR INC 8.125% CUM PRF	85,450	$2.144M	1.0%	$25.09	$26.10	—	PFD	30068C307
—	KITE PHARMA INC	32,000	$1.951M	0.9%	$60.97	$40.30	—	COM	49803L109
—	WESTERN GAS PARTNERS	28,525	$1.808M	0.8%	$63.38	$64.89	—	COM	958254104
—	NORTHSTAR REALTY FINANCE PREF	71,350	$1.778M	0.8%	$24.92	$24.81	—	PFD	66705V209
—	COLONY FINANCIAL INC SER A 8.5	67,925	$1.757M	0.8%	$25.87	$26.19	—	PFD	19624R205
ARMK	ARAMARK	55,550	$1.72M	0.8%	$30.96 *	$19.84	-0.8%	COM	03852U106
—	MEDLEY CAP	175,500	$1.564M	0.7%	$8.91	$13.49	—	COM	58503F106
—	WILLIAMS PARTNERS LP	30,490	$1.477M	0.7%	$48.44	$49.22	—	COM	96949L105
—	COLONY FINANCIAL INC SER B 7.5	44,050	$1.095M	0.5%	$24.86	$25.96	—	PFD	19624R304
—	EXCEL	67,221	$1.06M	0.5%	$15.77	$12.70	—	COM	30068C109
WFC	WELLS FARGO	17,675	$994K	0.5%	$56.24 *	$27.36	+52.9%	COM	949746101
—	CITY NATIONAL CORP PFD SER D 6	33,600	$958K	0.4%	$28.51	$26.29	—	PFD	17800X400
—	MEMORIAL PRODUCTION PARTNERS L	63,600	$944K	0.4%	$14.84	$22.59	—	COM	586048100
—	THL CREDIT INC	80,800	$933K	0.4%	$11.55	$14.50	—	COM	872438106
—	PRIVATEBANCORP 10%	34,559	$912K	0.4%	$26.39	$25.84	—	PFD	74272L208
—	ATLAS RESOURCE PARTNERS LP	138,300	$866K	0.4%	$6.26	$20.24	—	COM	04941A101
—	MORGAN STANLEY PRD G 6.625% 7-	33,100	$859K	0.4%	$25.95	$25.53	—	PFD	61762V507
—	RESOURCE CAPITAL PERF B 8.25%	38,800	$847K	0.4%	$21.83	$24.40	—	PFD	76120W500
—	NORTHSTAR REALTY FINANCE PREF	30,775	$780K	0.4%	$25.35	$25.21	—	PFD	66704R506
M	MACYS	11,500	$776K	0.4%	$67.48	$46.44	+45.3%	COM	55616P104
—	MORGAN STANLEY CAP 5.75%	29,200	$738K	0.3%	$25.27	$24.45	—	PFD	617466206
COF	CAPITAL ONE FINANCIAL	8,300	$730K	0.3%	$87.95 *	$55.88	+30.1%	COM	14040H105
STAG	STAG INDUSTRIAL INC	35,500	$710K	0.3%	$20.00	$19.98	—	COM	85254J102
—	BEAZER HOMES USA INC 7.5%	24,700	$700K	0.3%	$28.34	$29.17	—	PFD	07556Q709
—	STAG INDUSTRIAL PRF SER B 6.62	26,900	$673K	0.3%	$25.02	$23.17	—	PFD	85254J300
—	GMAC CAP TR I SER 2 CPN-8.125%	25,200	$655K	0.3%	$25.99	$25.99	—	PFD	361860208
GLD	SPDR GOLD TRUST	5,800	$652K	0.3%	$112.41	$133.86	-16.1%	COM	78463V107
—	GRAMERCY PROPERTY TRUST B 7.12	23,700	$628K	0.3%	$26.50	$25.56	—	PFD	38489R506
BRK/A	BERKSHIRE HATHAWAY DEL CL A	3	$615K	0.3%	$205000.00	$165023.42	+24.1%	COM	084670108
JBLU	JETBLUE AIRWAYS CORP	28,000	$581K	0.3%	$20.75	$17.02	+22.0%	COM	477143101
—	AMERICAN CAPITAL AGENCY CORP P	23,200	$563K	0.3%	$24.27	$24.86	—	PFD	02503X303
GNRC	GENERAC HOLDINGS INC	13,200	$525K	0.2%	$39.77	$32.90	+20.8%	COM	368736104
—	LIBERTY INTERACTIVE CORPORATIO	18,544	$515K	0.2%	$27.77	$23.03	—	COM	53071M104
HCA	HCA HOLDINGS, INC.	5,500	$499K	0.2%	$90.73 *	$67.88	+24.2%	COM	40412C101
—	RESOURCE CAPITAL	125,800	$487K	0.2%	$3.87	$4.52	—	COM	76120W302
HON	HONEYWELL INTL INC	4,575	$467K	0.2%	$102.08 *	$54.18	+35.9%	COM	438516106
—	STAG INDUSTRIAL INC 9%	16,900	$459K	0.2%	$27.16	$27.07	—	PFD	85254J201
TEVA	TEVA PHARMACEUTICAL	7,500	$443K	0.2%	$59.07	$38.94	+51.8%	COM	881624209
COST	COSTCO WHSL	3,000	$405K	0.2%	$135.00 *	$86.56	+30.6%	COM	22160K105
OPK	OPKO HEALTH INC COM	25,000	$402K	0.2%	$16.08	$6.91	+132.8%	COM	68375N103
—	CITY NATIONAL	4,400	$398K	0.2%	$90.45	$63.33	—	COM	178566105
—	NORTHSTAR REALTY FINANCE	24,750	$394K	0.2%	$15.92	$17.63	—	COM	66704R704
MS	MORGAN STANLEY	10,000	$388K	0.2%	$38.80 *	$17.33	+67.2%	COM	617446448
—	SYMANTEC	15,750	$366K	0.2%	$23.24	$25.53	—	COM	871503108
—	REALTY INCOME CORP PREF F 6.62	12,800	$330K	0.2%	$25.78	$24.30	—	PFD	756109807
AAL	AMERICAN AIRLINES GROUP	8,200	$327K	0.1%	$39.88 *	$35.64	+6.6%	COM	02376R102
—	NORTHSTAR ASSET MANAGEMENT GRO	17,250	$319K	0.1%	$18.49	$18.41	—	COM	66705Y104
—	ATLAS ENERGY GROUP, LLC	61,812	$309K	0.1%	$5.00	$5.25	—	COM	04929Q102
—	KKR FINL HLDGS LLC PFD SER A L	11,200	$293K	0.1%	$26.16	$26.65	—	PFD	48248A603
—	ASSOCIATED BANC-CORP PFD STK S	10,900	$289K	0.1%	$26.51	$28.39	—	PFD	045488202
VFC	VF CORP	4,000	$279K	0.1%	$69.75 *	$52.11	+26.0%	COM	918204108
XOM	EXXON	3,300	$275K	0.1%	$83.33 *	$53.69	-1.8%	COM	30231G102
—	PEP BOYS MANNY MOE & JACK	21,000	$258K	0.1%	$12.29	$12.29	—	COM	713278109
—	LIBERTY MEDIA CORP CL. C	7,028	$252K	0.1%	$35.86	$46.96	—	COM	531229300
—	NORTHSTAR REALTY FINANCE PREF	9,850	$248K	0.1%	$25.18	$25.20	—	PFD	66704R605
—	NEWCASTLE INVESTMENT CORPORATI	53,600	$237K	0.1%	$4.42	$9.13	—	COM	65105M603
FSLR	FIRST SOLAR INC	5,000	$235K	0.1%	$47.00	$55.86	-15.9%	COM	336433107
—	LINN ENERGY	25,500	$227K	0.1%	$8.90	$16.39	—	COM	536020100
—	SANDRIDGE ENERGY INC 8.5%	10,525	$226K	0.1%	$21.47	$105.93	—	PFD	80007P604
—	WHOLE FOODS MARKET	5,500	$217K	0.1%	$39.45	$51.42	—	COM	966837106
JNJ	JOHNSON & JOHNSON	2,200	$214K	0.1%	$97.27 *	$60.07	+21.2%	COM	478160104
DE	DEERE & CO	2,200	$214K	0.1%	$97.27 *	$75.36	+7.3%	COM	244199105
—	RR DONNELLEY & SONS CO	12,000	$209K	0.1%	$17.42	$14.45	—	COM	257867101
ARI	APOLLO COMMERCIAL REAL ESTATE	12,038	$198K	0.1%	$16.45	$16.30	—	COM	03762U105
FCX	FREEPORT MCMORAN, INC. CL B	10,000	$186K	0.1%	$18.60 *	$25.41	-34.4%	COM	35671D857
OSUR	ORASURE TECHNOLOGIES	33,500	$181K	0.1%	$5.40	$5.16	+4.4%	COM	68554V108
—	AGENUS INC	15,200	$131K	0.1%	$8.62	$5.15	—	COM	00847G705
—	BREITBURN ENERGY PARTNERS	24,640	$117K	0.1%	$4.75	$7.00	—	COM	106776107
—	UNIVERSAL AMERICAN	11,350	$115K	0.1%	$10.13	$10.13	—	COM	91338E101
ULBI	ULTRALIFE BATTERIES	20,000	$84,000	0.0%	$4.20	$3.90	+7.4%	COM	903899102
—	LINC ENERGY	300,000	$45,000	0.0%	$0.15	$0.80	—	COM	Q5562Z103
—	RSTK TRIAD BIOTECHNOLOGY	60,000	$0	0.0%	$0.00	—	—	COM	898994108
—	RSTK CELLICON BIOTECH SER A	100,000	$0	0.0%	$0.00	—	—	COM	150990448
—	RSTK FULCRUM PHARM	20,000	$0	0.0%	$0.00	—	—	COM	359994217
—	BLACKHAWK CAP GROUP BDC	24,000	$0	0.0%	$0.00	$0.04	—	COM	09236T103