Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	CBS CORP CL B	177,179	$9.761M	4.5%	$55.17	—	COM	124857202
AAPL	APPLE	86,080	$9.382M	4.3%	$18.94	+19.1%	COM	037833100
—	LEXINGTON REALTY TR	1,075,075	$9.246M	4.3%	$9.71	—	COM	529043101
BAC	BANK OF AMERICA	627,750	$8.487M	3.9%	$11.64	-6.7%	COM	060505104
—	COLONY CAPITAL, INC.	489,573	$8.21M	3.8%	$23.27	—	COM	19624R106
—	AETNA	72,585	$8.155M	3.8%	$81.84	—	COM	00817Y108
—	WHITEWAVE FOODS COMPANY	195,730	$7.954M	3.7%	$22.65	—	COM	966244105
DAL	DELTA AIRLINES INC	161,355	$7.855M	3.6%	$26.76	+54.6%	COM	247361702
GOOG	ALPHABET INC CL C	9,989	$7.441M	3.4%	$30.77	+15.5%	COM	02079K107
ARMK	ARAMARK	215,595	$7.141M	3.3%	$20.10	+1.0%	COM	03852U106
—	NEW SENIOR INVESTMENT GROUP IN	668,749	$6.888M	3.2%	$11.39	—	COM	648691103
GILD	GILEAD SCIENCES	71,735	$6.59M	3.0%	$72.17	-12.1%	COM	375558103
AMZN	AMAZON.COM	10,440	$6.198M	2.9%	$28.38	0.0%	COM	023135106
—	BGC PARTNERS INC	654,500	$5.923M	2.7%	$7.57	—	COM	05541T101
—	WALGREENS BOOTS ALLIANCE INC	68,670	$5.785M	2.7%	$76.20	—	COM	931427108
NKE	NIKE	91,295	$5.612M	2.6%	$55.38	-3.9%	COM	654106103
DG	DOLLAR GENERAL CORP	64,510	$5.522M	2.5%	$64.23	+3.8%	COM	256677105
HON	HONEYWELL INTL INC	45,395	$5.087M	2.3%	$74.69	+2.2%	COM	438516106
C	CITIGROUP INC.	111,225	$4.644M	2.1%	$35.94	-13.1%	COM	172967424
—	NEW MEDIA INVESTMENT GROUP INC	276,075	$4.594M	2.1%	$16.68	—	COM	64704V106
AGN 5.5 03/01/18 A	ALLERGAN PLC 5.5%	4,645	$4.269M	2.0%	$1035.38	—	PFD	G0177J116
M	MACYS	86,910	$3.832M	1.8%	$43.32	-4.6%	COM	55616P104
TEVA 7 12/15/18	TEVA PHARMACEUTICAL 7%	3,808	$3.366M	1.6%	$883.93	—	PFD	M8769Q136
STWD	STARWOOD PROPERTY TRUST INC	170,525	$3.228M	1.5%	$24.45	—	COM	85571B105
INCY	INCYTE	40,400	$2.928M	1.3%	$112.12	-33.5%	COM	45337C102
—	THL CREDIT INC	270,300	$2.927M	1.3%	$11.93	—	COM	872438106
—	NEW YORK COMMUNITY BANCORP	176,650	$2.809M	1.3%	$14.72	—	COM	649445103
AIG	AMERICAN INTL GROUP INC. NEW	50,500	$2.73M	1.3%	$42.10	0.0%	COM	026874784
MRK	MERCK & CO INC	46,759	$2.474M	1.1%	$30.29	+19.0%	COM	58933Y105
—	CIGNA CORP COM	17,025	$2.337M	1.1%	$74.53	—	COM	125509109
—	ANADARKO PETROLEUM	40,750	$1.898M	0.9%	$76.88	—	COM	032511107
—	COLONY FINANCIAL INC SER A 8.5	68,525	$1.719M	0.8%	$26.19	—	PFD	19624R205
—	KITE PHARMA INC	36,500	$1.676M	0.8%	$40.99	—	COM	49803L109
—	WESTERN GAS PARTNERS	34,475	$1.497M	0.7%	$57.88	—	COM	958254104
CMCSA	COMCAST CL A	24,200	$1.478M	0.7%	$22.75	0.0%	COM	20030N101
BA	BOEING	9,800	$1.244M	0.6%	$127.79	-12.5%	COM	097023105
—	MORGAN STANLEY PRD G 6.625% 7-	44,600	$1.189M	0.5%	$25.75	—	PFD	61762V507
—	NORTHSTAR REALTY FINANCE PREF	52,400	$1.184M	0.5%	$24.81	—	PFD	66705V209
—	COLONY FINANCIAL INC SER B 7.5	46,350	$1.129M	0.5%	$25.87	—	PFD	19624R304
—	GMAC CAP TR I SER 2 CPN-8.125%	43,700	$1.071M	0.5%	$25.51	—	PFD	361860208
WFC	WELLS FARGO	20,725	$1.002M	0.5%	$30.29	+22.5%	COM	949746101
KMI	KINDER MORGAN INC	52,826	$943K	0.4%	$18.24	-45.4%	COM	49456B101
—	PRIVATEBANCORP 10%	32,815	$874K	0.4%	$25.84	—	PFD	74272L208
BTI	BRITISH AMERICAN TOB-SP ADR	7,000	$818K	0.4%	$116.86	—	COM	110448107
—	UNILEVER NV	18,100	$809K	0.4%	$44.70	—	COM	904784709
—	STAG INDL INC CUM RED PRD SER	30,600	$809K	0.4%	$26.44	—	PFD	85254J409
—	GOLDMAN SACHS GROUP INC. PFD S	29,605	$775K	0.4%	$26.18	—	PFD	38148B504
—	STAG INDUSTRIAL PRF SER B 6.62	30,500	$764K	0.4%	$23.31	—	PFD	85254J300
—	MORGAN STANLEY CAP 5.75%	29,200	$743K	0.3%	$24.45	—	PFD	617466206
FCX	FREEPORT MCMORAN, INC. CL B	67,000	$693K	0.3%	$10.96	-41.9%	COM	35671D857
—	SABMILLER PLC-SPONS ADR	11,300	$690K	0.3%	$61.06	—	COM	78572M105
—	RECKITT BENCKISER-SPON ADR	35,000	$683K	0.3%	$19.51	—	COM	756255204
GLD	SPDR GOLD TRUST	5,800	$682K	0.3%	$118.18	—	COM	78463V107
—	GRAMERCY PROPERTY TRUST SER A	26,100	$679K	0.3%	$25.21	—	PFD	385002209
—	AMERICAN CAPITAL AGENCY CORP P	27,200	$666K	0.3%	$24.79	—	PFD	02503X303
BRK/A	BERKSHIRE HATHAWAY DEL CL A	3	$640K	0.3%	$165023.42	+20.9%	COM	084670108
STAG	STAG INDUSTRIAL INC	29,700	$605K	0.3%	$19.98	—	COM	85254J102
NSRGY	NESTLE SA ADR	8,000	$597K	0.3%	$74.63	—	COM	641069406
—	PADDY POWER PLC	4,224	$590K	0.3%	$139.68	—	COM	G68673113
—	ESSILOR INTERNATIONAL	4,749	$587K	0.3%	$123.60	—	COM	F31668100
AIQUF	AIR LIQUIDE SA	5,053	$569K	0.3%	$55.57	0.0%	COM	F01764103
RHHBY	ROCHE HOLDINGS LTD-SPONS ADR	18,500	$567K	0.3%	$30.65	—	COM	771195104
—	J C PENNEY INC	50,500	$559K	0.3%	$9.97	—	COM	708160106
—	MEDLEY CAP	77,500	$511K	0.2%	$11.91	—	COM	58503F106
—	BGC PARTNERS INC SR NTS 8.125%	19,000	$496K	0.2%	$26.65	—	PFD	05541T408
DEO	DIAGEO PLC	4,550	$491K	0.2%	$107.91	—	COM	25243Q205
PM	PHILIP MORRIS	5,000	$491K	0.2%	$55.87	0.0%	COM	718172109
JNJ	JOHNSON & JOHNSON	4,375	$473K	0.2%	$68.50	+15.0%	COM	478160104
COST	COSTCO WHSL	3,000	$473K	0.2%	$86.56	+47.6%	COM	22160K105
—	NORTHSTAR REALTY FINANCE PREF	19,575	$469K	0.2%	$25.17	—	PFD	66704R506
—	PEBBLEBROOK HOTEL TR PFD SER C	17,800	$459K	0.2%	$25.79	—	PFD	70509V407
—	GRIFOLS SA /EUR/	20,346	$453K	0.2%	$22.26	—	COM	E8347C103
OPK	OPKO HEALTH INC COM	43,500	$452K	0.2%	$8.58	+6.5%	COM	68375N103
—	KKR FINL HLDGS LLC PFD SER A L	16,300	$438K	0.2%	$26.69	—	PFD	48248A603
—	STAG INDUSTRIAL INC 9%	16,700	$434K	0.2%	$27.04	—	PFD	85254J201
JBLU	JETBLUE AIRWAYS CORP	20,500	$433K	0.2%	$17.02	+23.6%	COM	477143101
BUD	ANHEUSER-BUSCH INBEV-SPN ADR	3,400	$424K	0.2%	$124.71	—	COM	03524A108
HCA	HCA HOLDINGS, INC.	5,400	$421K	0.2%	$67.37	-3.7%	COM	40412C101
T	AT&T	10,661	$418K	0.2%	$12.27	+12.8%	COM	00206R102
NVO	NOVO-NORDISK A/S-SPONS ADR	7,500	$406K	0.2%	$54.13	—	COM	670100205
RY	ROYAL BANK OF CANADA	6,931	$399K	0.2%	$56.09	-7.6%	COM	780087102
SGSOY	SGS SA	18,700	$393K	0.2%	$21.02	—	COM	818800104
—	LIBERTY INTERACTIVE CORPORATIO	15,544	$392K	0.2%	$23.03	—	COM	53071M104
FMS	FRESENIUS MEDICAL CARE-ADR	8,200	$361K	0.2%	$44.02	—	COM	358029106
MSFT	MICROSOFT	6,412	$354K	0.2%	$46.08	0.0%	COM	594918104
—	AK STEEL HLDG CORP	82,500	$341K	0.2%	$4.13	—	COM	001547108
BVRDF	BUREAU VERITAS SA	15,000	$334K	0.2%	$15.53	0.0%	COM	F96888114
—	REALTY INCOME CORP PREF F 6.62	12,800	$333K	0.2%	$24.30	—	PFD	756109807
PSMMF	PERSIMMON PLC	11,102	$333K	0.2%	$28.36	0.0%	COM	G70202109
TEVA	TEVA PHARMACEUTICAL	5,800	$310K	0.1%	$39.94	—	COM	881624209
PFE	PFIZER	10,300	$305K	0.1%	$18.68	0.0%	COM	717081103
—	ASSOCIATED BANC-CORP PFD STK S	10,900	$282K	0.1%	$28.34	—	PFD	045488202
LDSVF	CHOCOLADEFABRIKEN LINDT	45	$280K	0.1%	$5771.72	0.0%	COM	H49983184
DIS	DISNEY WALT COMPANY HOLDING	2,797	$278K	0.1%	$99.86	-10.9%	COM	254687106
XOM	EXXON	3,304	$276K	0.1%	$53.69	-3.2%	COM	30231G102
—	LIBERTY MEDIA CORP CL. C	7,028	$268K	0.1%	$46.96	—	COM	531229300
—	PERNOD-RICARD SA-UNSPON ADR	11,200	$248K	0.1%	$22.14	—	COM	714264207
PG	PROCTER & GAMBLE	2,980	$245K	0.1%	$61.64	0.0%	COM	742718109
—	NEWCASTLE INVESTMENT CORPORATI	55,900	$242K	0.1%	$8.34	—	COM	65105M603
MCD	MCDONALDS	1,752	$220K	0.1%	$93.96	0.0%	COM	580135101
COF	CAPITAL ONE FINANCIAL	3,050	$211K	0.1%	$55.88	-0.9%	COM	14040H105
EPD	ENTERPRISE PRDS PARTNERS LP	8,500	$209K	0.1%	$24.59	—	COM	293792107
—	RESOURCE CAPITAL	16,875	$190K	0.1%	$11.16	—	COM	76120W708
—	MEMORIAL PRODUCTION PARTNERS L	75,000	$160K	0.1%	$18.47	—	COM	586048100
OSUR	ORASURE TECHNOLOGIES	17,500	$127K	0.1%	$5.16	+23.1%	COM	68554V108
ULBI	ULTRALIFE BATTERIES	24,600	$126K	0.1%	$4.16	+30.4%	COM	903899102
—	WILLIAM HILL PLC	20,000	$94,000	0.0%	$4.70	—	COM	G9645P117
—	UNIVERSAL AMERICAN	11,350	$81,000	0.0%	$10.13	—	COM	91338E101
—	ATLAS RESOURCE PARTNERS LP	70,000	$53,000	0.0%	$14.84	—	COM	04941A101
—	AGENUS INC	10,000	$42,000	0.0%	$5.15	—	COM	00847G705
—	ATLAS ENERGY GROUP, LLC	15,112	$8,000	0.0%	$3.74	—	COM	04929Q102
—	BLACKHAWK CAP GROUP BDC	24,000	$0	0.0%	$0.04	—	COM	09236T103
BRCOQ	BEARD	13,800	$0	0.0%	$0.00	-61.2%	COM	07384R408
—	RSTK TRIAD BIOTECHNOLOGY	60,000	$0	0.0%	—	—	COM	898994108
—	RSTK FULCRUM PHARM	20,000	$0	0.0%	—	—	COM	359994217
—	RSTK CELLICON BIOTECH SER A	100,000	$0	0.0%	—	—	COM	150990448