Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE	98,388	$11.12M	4.9%	$19.40	+24.9%	COM	037833100
AMZN	AMAZON.COM	13,016	$10.9M	4.8%	$29.54	+29.6%	COM	023135106
—	CBS CORP CL B	185,799	$10.17M	4.5%	$55.10	—	COM	124857202
—	COLONY CAPITAL, INC.	549,898	$10.03M	4.4%	$22.30	—	COM	19624R106
—	LEXINGTON REALTY TR	834,825	$8.599M	3.8%	$9.71	—	COM	529043101
—	WHITEWAVE FOODS COMPANY	147,860	$8.048M	3.6%	$22.65	—	COM	966244105
ARMK	ARAMARK	203,120	$7.725M	3.4%	$20.18	+16.7%	COM	03852U106
GOOG	ALPHABET INC CL C	9,836	$7.645M	3.4%	$30.86	+22.1%	COM	02079K107
BAC	BANK OF AMERICA	454,350	$7.111M	3.2%	$11.63	+3.7%	COM	060505104
—	AETNA	57,860	$6.68M	3.0%	$81.84	—	COM	00817Y108
—	BGC PARTNERS INC	713,725	$6.245M	2.8%	$7.67	—	COM	05541T101
CSCO	CISCO SYSTEMS	195,820	$6.211M	2.8%	$21.86	+5.5%	COM	17275R102
—	NEW SENIOR INVESTMENT GROUP IN	487,850	$5.63M	2.5%	$11.39	—	COM	648691103
AGN 5.5 03/01/18 A	ALLERGAN PLC 5.5%	6,605	$5.426M	2.4%	$974.53	—	PFD	G0177J116
DAL	DELTA AIR LINES INC	136,755	$5.383M	2.4%	$27.04	+24.9%	COM	247361702
GILD	GILEAD SCIENCES	65,640	$5.193M	2.3%	$70.07	-17.5%	COM	375558103
C	CITIGROUP INC.	106,205	$5.016M	2.2%	$35.73	-4.4%	COM	172967424
—	NEW MEDIA INVESTMENT GROUP INC	311,075	$4.822M	2.1%	$16.76	—	COM	64704V106
CMCSA	COMCAST CL A	69,990	$4.643M	2.1%	$24.33	+9.4%	COM	20030N101
DG	DOLLAR GENERAL CORP	59,572	$4.169M	1.8%	$64.23	+16.8%	COM	256677105
STWD	STARWOOD PROPERTY TRUST INC	176,875	$3.983M	1.8%	$23.87	—	COM	85571B105
CVS	CVS CAREMARK	43,180	$3.843M	1.7%	$74.51	-4.9%	COM	126650100
DHR	DANAHER CORP	48,667	$3.815M	1.7%	$49.21	+36.7%	COM	235851102
INCY	INCYTE	39,650	$3.738M	1.7%	$84.26	0.0%	COM	45337C102
TEVA 7 12/15/18	TEVA PHARMACEUTICAL 7%	4,093	$3.329M	1.5%	$879.25	—	PFD	M8769Q136
—	WALGREENS BOOTS ALLIANCE INC	40,915	$3.299M	1.5%	$76.26	—	COM	931427108
—	ANADARKO PETROLEUM	45,650	$2.892M	1.3%	$74.39	—	COM	032511107
—	GMAC CAP TR I SER 2 CPN-8.125%	108,400	$2.754M	1.2%	$25.18	—	PFD	361860208
VOD	VODAFONE GROUP PLC	93,160	$2.716M	1.2%	$29.15	—	COM	92857W308
HON	HONEYWELL INTL INC	20,885	$2.435M	1.1%	$76.62	+12.3%	COM	438516106
MRK	MERCK & CO INC	37,100	$2.315M	1.0%	$30.29	+44.4%	COM	58933Y105
—	THL CREDIT INC	239,350	$2.281M	1.0%	$11.92	—	COM	872438106
—	KITE PHARMA INC	39,100	$2.184M	1.0%	$41.68	—	COM	49803L109
FTV	FORTIVE CORP	37,837	$1.926M	0.9%	$30.87	0.0%	COM	34959J108
—	CIGNA CORP COM	13,500	$1.759M	0.8%	$74.53	—	COM	125509109
—	WESTERN GAS PARTNERS	30,525	$1.68M	0.7%	$57.88	—	COM	958254104
—	NEW YORK COMMUNITY BANCORP	112,800	$1.605M	0.7%	$14.72	—	COM	649445103
—	GOLDMAN SACHS GROUP INC. PFD S	56,605	$1.534M	0.7%	$26.58	—	PFD	38148B504
—	COLONY FINANCIAL INC SER A 8.5	55,450	$1.422M	0.6%	$26.19	—	PFD	19624R205
KMI	KINDER MORGAN INC	57,848	$1.338M	0.6%	$17.38	-24.9%	COM	49456B101
—	MORGAN STANLEY PRD G 6.625% 7-	44,700	$1.248M	0.6%	$25.82	—	PFD	61762V507
—	MEDLEY CAP	153,500	$1.171M	0.5%	$9.79	—	COM	58503F106
—	NORTHSTAR REALTY FINANCE PREF	45,000	$1.158M	0.5%	$24.81	—	PFD	66705V209
—	COLONY FINANCIAL INC SER B 7.5	45,550	$1.146M	0.5%	$25.87	—	PFD	19624R304
TEVA	TEVA PHARMACEUTICAL	21,370	$983K	0.4%	$46.56	—	COM	881624209
—	STAG INDL INC CUM RED PRD SER	36,000	$969K	0.4%	$26.40	—	PFD	85254J409
GLD	SPDR GOLD TRUST	7,100	$892K	0.4%	$119.55	—	COM	78463V107
—	STAG INDUSTRIAL PRF SER B 6.62	30,500	$783K	0.3%	$23.31	—	PFD	85254J300
FCX	FREEPORT MCMORAN, INC. CL B	67,000	$728K	0.3%	$10.96	-4.8%	COM	35671D857
—	AMERICAN CAPITAL AGENCY CORP P	28,200	$724K	0.3%	$24.81	—	PFD	02503X303
—	BGC PARTNERS INC SR NTS 8.125%	27,254	$707K	0.3%	$26.73	—	PFD	05541T408
—	PRIVATEBANCORP 10%	26,126	$688K	0.3%	$25.84	—	PFD	74272L208
—	GRAMERCY PROPERTY TRUST SER A	25,500	$683K	0.3%	$25.21	—	PFD	385002209
STAG	STAG INDUSTRIAL INC	27,400	$672K	0.3%	$19.98	—	COM	85254J102
BRK/A	BERKSHIRE HATHAWAY DEL CL A	3	$649K	0.3%	$165023.42	+32.9%	COM	084670108
BTI	BRITISH AMERICAN TOB-SP ADR	5,000	$638K	0.3%	$116.86	—	COM	110448107
—	ESSILOR INTERNATIONAL	4,749	$612K	0.3%	$123.60	—	COM	F31668100
AIQUF	AIR LIQUIDE SA	5,684	$609K	0.3%	$55.71	+2.0%	COM	F01764103
—	UNILEVER N V -NY SHARES	13,000	$599K	0.3%	$44.70	—	COM	904784709
—	SABMILLER PLC-SPONS ADR	10,000	$581K	0.3%	$61.06	—	COM	78572M105
RHHBY	ROCHE HOLDINGS LTD-SPONS ADR	18,500	$573K	0.3%	$30.65	—	COM	771195104
PFE	PFIZER	16,300	$552K	0.2%	$20.00	+11.3%	COM	717081103
—	KKR FINL HLDGS LLC PFD SER A L	20,310	$543K	0.2%	$26.87	—	PFD	48248A603
DEO	DIAGEO PLC	4,550	$528K	0.2%	$107.91	—	COM	25243Q205
WFC	WELLS FARGO	11,500	$509K	0.2%	$30.29	+21.6%	COM	949746101
JNJ	JOHNSON & JOHNSON	4,276	$505K	0.2%	$68.50	+36.6%	COM	478160104
—	PEBBLEBROOK HOTEL TR PFD SER C	19,300	$500K	0.2%	$25.79	—	PFD	70509V407
—	HERSHA HOSPITALITY TRUST SER D	19,650	$499K	0.2%	$25.30	—	PFD	427825609
PM	PHILIP MORRIS	5,000	$486K	0.2%	$55.87	+11.5%	COM	718172109
COST	COSTCO WHSL	3,150	$480K	0.2%	$88.96	+54.0%	COM	22160K105
—	RECKITT BENCKISER-SPON ADR	25,000	$479K	0.2%	$19.51	—	COM	756255204
NSRGY	NESTLE SA	6,000	$474K	0.2%	$74.63	—	COM	641069406
T	AT&T	11,379	$462K	0.2%	$12.56	+29.8%	COM	00206R102
—	NORTHSTAR REALTY FINANCE PREF	17,800	$454K	0.2%	$25.17	—	PFD	66704R506
BUD	ANHEUSER-BUSCH INBEV-SPN ADR	3,400	$447K	0.2%	$124.71	—	COM	03524A108
—	GRIFOLS SA /EUR/	20,346	$438K	0.2%	$22.26	—	COM	E8347C103
VZ	VERIZON COMMUNICATIONS	8,381	$436K	0.2%	$32.90	0.0%	COM	92343V104
RY	ROYAL BANK OF CANADA	6,931	$429K	0.2%	$56.09	+9.6%	COM	780087102
—	MONSANTO	4,200	$429K	0.2%	$102.14	—	COM	61166W101
SGSOY	SGS SA	18,700	$417K	0.2%	$21.02	—	COM	818800104
—	REALTY INCOME CORP PREF F 6.62	15,800	$412K	0.2%	$24.66	—	PFD	756109807
—	J C PENNEY INC	42,700	$394K	0.2%	$9.93	—	COM	708160106
—	STAG INDUSTRIAL INC 9%	15,500	$390K	0.2%	$27.04	—	PFD	85254J201
FMS	FRESENIUS MEDICAL CARE-ADR	8,200	$359K	0.2%	$44.02	—	COM	358029106
MSFT	MICROSOFT	6,212	$358K	0.2%	$46.08	+9.2%	COM	594918104
—	TITAN ENERGY LLC	11,763	$347K	0.2%	$29.50	—	COM	88829M105
DIS	WALT DISNEY COMPANY HOLDING	3,703	$344K	0.2%	$97.22	-8.6%	COM	254687106
BA	BOEING	2,500	$329K	0.1%	$127.79	-5.5%	COM	097023105
BVRDF	BUREAU VERITAS SA	15,000	$322K	0.1%	$15.53	+13.3%	COM	F96888114
XOM	EXXON	3,605	$315K	0.1%	$54.09	+8.2%	COM	30231G102
NVO	NOVO-NORDISK A/S-SPONS ADR	7,500	$312K	0.1%	$54.13	—	COM	670100205
—	LIBERTY INTERACTIVE CORPORATIO	15,544	$311K	0.1%	$23.03	—	COM	53071M104
OPK	OPKO HEALTH INC COM	26,000	$275K	0.1%	$8.58	+16.0%	COM	68375N103
—	PERNOD-RICARD SA-UNSPON ADR	11,200	$264K	0.1%	$22.14	—	COM	714264207
—	CORPORATE OFFICE PPTYS TR PFD	10,100	$262K	0.1%	$25.94	—	PFD	22002T884
LDSVF	CHOCOLADEFABRIKEN LINDT	45	$260K	0.1%	$5771.72	+1.9%	COM	H49983184
AIG	AMERICAN INTL GROUP INC. NEW	4,000	$237K	0.1%	$42.10	+7.0%	COM	026874784
MCD	MCDONALDS	2,052	$237K	0.1%	$94.04	+0.5%	COM	580135101
EPD	ENTERPRISE PRODUCTION PARTNERS	8,500	$235K	0.1%	$24.59	—	COM	293792107
—	LIBERTY MEDIA CORP SIRIUSXM GR	7,028	$235K	0.1%	$30.88	—	COM	531229607
—	AK STEEL HLDG CORP	47,500	$229K	0.1%	$4.13	—	COM	001547108
—	PADDY POWER PLC	2,000	$226K	0.1%	$139.68	—	COM	G68673113
—	SPECTRA ENERGY CORP	5,160	$221K	0.1%	$42.83	—	COM	847560109
—	NEWCASTLE INVESTMENT CORPORATI	47,900	$217K	0.1%	$8.23	—	COM	65105M603
—	RESOURCE CAPITAL	16,875	$216K	0.1%	$11.16	—	COM	76120W708
PYPL	PAYPAL HOLDINGS INC	5,100	$209K	0.1%	$38.34	0.0%	COM	70450Y103
DANOY	DANONE SPONSORED ADR	10,000	$148K	0.1%	$14.80	—	COM	23636T100
OSUR	ORASURE TECHNOLOGIES	15,000	$120K	0.1%	$5.60	+32.6%	COM	68554V108
ULBI	ULTRALIFE BATTERIES	24,600	$101K	0.0%	$4.16	+5.8%	COM	903899102
—	MEMORIAL PRODUCTION PARTNERS L	25,000	$44,000	0.0%	$18.47	—	COM	586048100
—	BLACKHAWK CAP GROUP BDC	24,000	$0	0.0%	$0.04	—	COM	09236T103
—	RSTK CELLICON BIOTECH SER A	100,000	$0	0.0%	—	—	COM	150990448
—	RSTK TRIAD BIOTECHNOLOGY	60,000	$0	0.0%	—	—	COM	898994108
—	RSTK FULCRUM PHARM	20,000	$0	0.0%	—	—	COM	359994217
BRCOQ	BEARD	13,800	$0	0.0%	$0.00	-69.9%	COM	07384R408