Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE	109,560	$11.53M	5.6%	$18.94	+35.9%	COM	037833100
—	CBS CORP CL B	231,405	$10.91M	5.3%	$55.17	—	COM	124857202
GILD	GILEAD SCIENCES	103,660	$10.49M	5.1%	$72.17	+1.0%	COM	375558103
—	COLONY CAPITAL, INC.	519,273	$10.12M	4.9%	$23.27	—	COM	19624R106
BAC	BANK OF AMERICA	576,950	$9.71M	4.7%	$11.71	+15.8%	COM	060505104
—	AETNA	75,535	$8.167M	4.0%	$81.84	—	COM	00817Y108
INCY	INCYTE	73,714	$7.994M	3.9%	$112.12	-0.5%	COM	45337C102
—	LEXINGTON REALTY TR	988,500	$7.908M	3.8%	$9.80	—	COM	529043101
DAL	DELTA AIRLINES INC	155,475	$7.881M	3.8%	$26.21	+66.6%	COM	247361702
—	WHITEWAVE FOODS COMPANY	198,105	$7.708M	3.7%	$22.65	—	COM	966244105
GOOG	ALPHABET INC CL C	9,704	$7.364M	3.6%	$30.63	+16.3%	COM	02079K107
—	NEW MEDIA INVESTMENT GROUP INC	362,750	$7.059M	3.4%	$16.68	—	COM	64704V106
—	WALGREENS BOOT ALLIANCE INC	74,945	$6.382M	3.1%	$76.20	—	COM	931427108
ARMK	ARAMARK	193,050	$6.226M	3.0%	$20.08	+0.5%	COM	03852U106
—	BGC PARTNERS INC	627,000	$6.151M	3.0%	$7.51	—	COM	05541T101
DG	DOLLAR GENERAL CORP	82,610	$5.937M	2.9%	$64.23	-7.3%	COM	256677105
—	NEW SENIOR INVESTMENT GROUP IN	588,649	$5.804M	2.8%	$11.53	—	COM	648691103
C	CITIGROUP INC.	96,112	$4.974M	2.4%	$36.68	+8.0%	COM	172967424
AGN 5.5 03/01/18 A	ALLERGAN PLC 5.5%	4,340	$4.466M	2.2%	$1043.55	—	PFD	G0177J116
BA	BOEING	25,915	$3.747M	1.8%	$127.79	+0.8%	COM	097023105
NKE	NIKE	57,450	$3.591M	1.7%	$56.67	0.0%	COM	654106103
—	AMERICAN INTERNATIONAL GROUP	54,200	$3.359M	1.6%	$61.97	—	COM	026874107
—	CIGNA CORP COM	21,775	$3.186M	1.5%	$74.53	—	COM	125509109
—	NEW YORK COMMUNITY BANCORP	186,150	$3.038M	1.5%	$14.72	—	COM	649445103
STWD	STARWOOD PROPERTY TRUST INC	140,675	$2.892M	1.4%	$25.62	—	COM	85571B105
MRK	MERCK & CO INC	50,309	$2.657M	1.3%	$30.29	+21.4%	COM	58933Y105
M	MACYS	72,560	$2.538M	1.2%	$43.71	-0.9%	COM	55616P104
—	THL CREDIT INC	215,300	$2.304M	1.1%	$12.22	—	COM	872438106
—	KITE PHARMA INC	32,000	$1.972M	1.0%	$40.30	—	COM	49803L109
—	MEDLEY CAP	231,100	$1.738M	0.8%	$11.91	—	COM	58503F106
—	COLONY FINANCIAL INC SER A 8.5	68,225	$1.704M	0.8%	$26.19	—	PFD	19624R205
—	ANADARKO PETROLEUM	33,100	$1.608M	0.8%	$83.89	—	COM	032511107
—	ALLERGAN INC	5,010	$1.566M	0.8%	$291.18	—	COM	G0177J108
—	NORTHSTAR REALTY FINANCE PREF	56,400	$1.294M	0.6%	$24.81	—	PFD	66705V209
—	WESTERN GAS PARTNERS	24,825	$1.18M	0.6%	$63.49	—	COM	958254104
—	COLONY FINANCIAL INC SER B 7.5	46,550	$1.139M	0.6%	$25.87	—	PFD	19624R304
WFC	WELLS FARGO	18,925	$1.029M	0.5%	$29.64	+37.8%	COM	949746101
—	MORGAN STANLEY PRD G 6.625% 7-	38,000	$1.024M	0.5%	$25.59	—	PFD	61762V507
—	ROYAL BANK OF CANADA 6.75% PR	33,558	$983K	0.5%	$29.29	—	PFD	78013G501
—	PRIVATEBANCORP 10%	33,106	$900K	0.4%	$25.84	—	PFD	74272L208
—	GMAC CAP TR I SER 2 CPN-8.125%	33,800	$857K	0.4%	$25.81	—	PFD	361860208
—	STAG INDUSTRIAL PRF SER B 6.62	30,500	$773K	0.4%	$23.31	—	PFD	85254J300
—	MORGAN STANLEY CAP 5.75%	29,200	$735K	0.4%	$24.45	—	PFD	617466206
—	GRAMERCY PROPERTY TRUST SER A	26,100	$658K	0.3%	$25.21	—	PFD	385002209
—	AMERICAN CAPITAL AGENCY CORP P	27,200	$644K	0.3%	$24.79	—	PFD	02503X303
STAG	STAG INDUSTRIAL INC	33,400	$616K	0.3%	$19.98	—	COM	85254J102
KMI	KINDER MORGAN INC	40,456	$604K	0.3%	$20.77	-31.2%	COM	49456B101
BRK/A	BERKSHIRE HATHAWAY DEL CL A	3	$593K	0.3%	$165023.42	+22.0%	COM	084670108
—	NORTHSTAR REALTY FINANCE PREF	24,875	$590K	0.3%	$25.17	—	PFD	66704R506
GLD	SPDR GOLD TRUST	5,800	$588K	0.3%	$118.18	—	COM	78463V107
T	AT&T	15,657	$539K	0.3%	$12.27	+1.4%	COM	00206R102
COST	COSTCO WHSL	3,000	$484K	0.2%	$86.56	+53.5%	COM	22160K105
JBLU	JETBLUE AIRWAYS CORP	20,500	$464K	0.2%	$17.02	+46.3%	COM	477143101
HCA	HCA HOLDINGS, INC.	6,600	$446K	0.2%	$67.37	-3.8%	COM	40412C101
—	STAG INDUSTRIAL INC 9%	17,000	$443K	0.2%	$27.04	—	PFD	85254J201
—	LIBERTY INTERACTIVE CORPORATIO	15,544	$425K	0.2%	$23.03	—	COM	53071M104
RY	ROYAL BANK OF CANADA	6,931	$371K	0.2%	$56.09	0.0%	COM	780087102
TEVA	TEVA PHARMACEUTICAL	5,500	$361K	0.2%	$39.20	—	COM	881624209
HON	HONEYWELL INTL INC	3,350	$347K	0.2%	$54.18	+37.1%	COM	438516106
—	BGC PARTNERS INC SR NTS 8.125%	12,900	$347K	0.2%	$26.91	—	PFD	05541T408
—	KKR FINL HLDGS LLC PFD SER A L	12,900	$343K	0.2%	$26.65	—	PFD	48248A603
—	REALTY INCOME CORP PREF F 6.62	12,800	$339K	0.2%	$24.30	—	PFD	756109807
OPK	OPKO HEALTH INC COM	33,500	$337K	0.2%	$8.42	+19.1%	COM	68375N103
DIS	DISNEY WALT COMPANY HOLDING	2,947	$310K	0.2%	$99.86	+2.4%	COM	254687106
FCX	FREEPORT MCMORAN, INC. CL B	45,600	$309K	0.1%	$13.12	-34.2%	COM	35671D857
JNJ	JOHNSON & JOHNSON	2,800	$288K	0.1%	$62.73	+21.0%	COM	478160104
—	ASSOCIATED BANC-CORP PFD STK S	10,700	$281K	0.1%	$28.39	—	PFD	045488202
—	LIBERTY MEDIA CORP CL. C	7,028	$268K	0.1%	$46.96	—	COM	531229300
—	NEWCASTLE INVESTMENT CORPORATI	64,099	$262K	0.1%	$8.34	—	COM	65105M603
XOM	EXXON	3,304	$258K	0.1%	$53.69	-4.3%	COM	30231G102
COF	CAPITAL ONE FINANCIAL	3,450	$249K	0.1%	$55.88	+14.2%	COM	14040H105
—	NORTHSTAR REALTY FINANCE PREF	10,050	$237K	0.1%	$25.16	—	PFD	66704R605
—	WILLIAMS PARTNERS LP	7,962	$222K	0.1%	$49.22	—	COM	96949L105
—	MEMORIAL PRODUCTION PARTNERS L	82,500	$218K	0.1%	$18.47	—	COM	586048100
—	RESOURCE CAPITAL	16,875	$215K	0.1%	$11.16	—	COM	76120W708
AAL	AMERICAN AIRLINES GROUP	5,000	$212K	0.1%	$35.64	+16.1%	COM	02376R102
ARI	APOLLO COMMERCIAL REAL ESTATE	11,038	$190K	0.1%	$16.30	—	COM	03762U105
—	ATLAS RESOURCE PARTNERS LP	160,000	$165K	0.1%	$14.84	—	COM	04941A101
OSUR	ORASURE TECHNOLOGIES	25,000	$161K	0.1%	$5.16	+10.6%	COM	68554V108
ULBI	ULTRALIFE BATTERIES	24,600	$159K	0.1%	$4.16	+58.9%	COM	903899102
—	J C PENNEY INC	12,500	$83,000	0.0%	$6.64	—	COM	708160106
—	ATLAS ENERGY GROUP, LLC	85,212	$81,000	0.0%	$3.74	—	COM	04929Q102
—	UNIVERSAL AMERICAN	11,350	$79,000	0.0%	$10.13	—	COM	91338E101
—	AGENUS INC	10,500	$48,000	0.0%	$5.15	—	COM	00847G705
—	LINC ENERGY	300,000	$28,000	0.0%	$0.80	—	COM	Q5562Z103
—	RSTK FULCRUM PHARM	20,000	$0	0.0%	—	—	COM	359994217
—	RSTK TRIAD BIOTECHNOLOGY	60,000	$0	0.0%	—	—	COM	898994108
—	BLACKHAWK CAP GROUP BDC	24,000	$0	0.0%	$0.04	—	COM	09236T103
—	CELLFOR CL C VTG SHS	100,000	$0	0.0%	—	—	COM	151999950
BRCOQ	BEARD	13,800	$0	0.0%	$0.00	-63.5%	COM	07384R408