Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AAPL	APPLE	99,332	$11.51M	5.0%	$115.82 *	$19.40	+37.6%	COM	037833100
—	CBS CORP CL B	176,474	$11.23M	4.9%	$63.62	$55.10	—	COM	124857202
—	COLONY CAPITAL, INC.	536,849	$10.87M	4.8%	$20.25	$22.30	—	COM	19624R106
AMZN	AMAZON.COM	12,742	$9.555M	4.2%	$749.88 *	$29.54	+26.9%	COM	023135106
—	LEXINGTON REALTY TR	740,975	$8.003M	3.5%	$10.80	$9.71	—	COM	529043101
BAC	BANK OF AMERICA	349,724	$7.729M	3.4%	$22.10 *	$11.63	+55.0%	COM	060505104
—	BGC PARTNERS INC	747,975	$7.652M	3.4%	$10.23	$7.78	—	COM	05541T101
GOOG	ALPHABET INC CL C	9,860	$7.61M	3.3%	$771.81 *	$30.86	+24.1%	COM	02079K107
ARMK	ARAMARK	184,070	$6.575M	2.9%	$35.72 *	$20.18	+14.4%	COM	03852U106
DAL	DELTA AIR LINES INC	132,255	$6.506M	2.9%	$49.19 *	$27.04	+63.5%	COM	247361702
—	AETNA	52,350	$6.492M	2.8%	$124.01	$81.84	—	COM	00817Y108
—	ANADARKO PETROLEUM	92,880	$6.477M	2.8%	$69.74	$72.02	—	COM	032511107
—	WHITEWAVE FOODS COMPANY	112,335	$6.246M	2.7%	$55.60	$22.65	—	COM	966244105
C	CITIGROUP INC.	101,164	$6.012M	2.6%	$59.43 *	$35.73	+25.4%	COM	172967424
VOD	VODAFONE GROUP PLC	226,665	$5.537M	2.4%	$24.43	$28.02	-12.8%	COM	92857W308
—	NEW MEDIA INVESTMENT GROUP INC	341,325	$5.458M	2.4%	$15.99	$16.70	—	COM	64704V106
CVS	CVS CAREMARK	68,365	$5.395M	2.4%	$78.91 *	$69.55	-14.3%	COM	126650100
CMCSA	COMCAST CL A	73,040	$5.043M	2.2%	$69.04 *	$24.43	+13.9%	COM	20030N101
CSCO	CISCO SYSTEMS	165,250	$4.994M	2.2%	$30.22 *	$21.86	+4.5%	COM	17275R102
TAP	MOLSON COORS BREWING CO CLASS	50,420	$4.906M	2.1%	$97.30 *	$80.88	-4.4%	COM	60871R209
DHR	DANAHER CORP	62,372	$4.855M	2.1%	$77.84 *	$52.98	+24.7%	COM	235851102
AGN 5.5 03/01/18 A	ALLERGAN PLC 5.5	6,220	$4.743M	2.1%	$762.54	$974.53	—	PFD	G0177J116
DG	DOLLAR GENERAL CORP	62,497	$4.629M	2.0%	$74.07 *	$64.26	+2.7%	COM	256677105
—	NEW SENIOR INVESTMENT GROUP IN	460,600	$4.509M	2.0%	$9.79	$11.39	—	COM	648691103
MCK	MCKESSON CORP	28,255	$3.968M	1.7%	$140.44 *	$136.84	-4.4%	COM	58155Q103
STWD	STARWOOD PROPERTY TRUST INC	170,075	$3.733M	1.6%	$21.95	$23.87	—	COM	85571B105
INCY	INCYTE	36,300	$3.639M	1.6%	$100.25	$84.26	+19.0%	COM	45337C102
—	THL CREDIT INC	315,700	$3.16M	1.4%	$10.01	$11.46	—	COM	872438106
—	GMAC CAP TR I SER 2 CPN-8.125	108,850	$2.765M	1.2%	$25.40	$25.18	—	PFD	361860208
—	WALGREENS BOOTS ALLIANCE INC	32,015	$2.65M	1.2%	$82.77	$76.26	—	COM	931427108
FTV	FORTIVE CORP	43,835	$2.351M	1.0%	$53.63 *	$31.00	+5.1%	COM	34959J108
—	KITE PHARMA INC	46,600	$2.09M	0.9%	$44.85	$42.19	—	COM	49803L109
MRK	MERCK & CO INC	30,200	$1.778M	0.8%	$58.87 *	$30.29	+40.6%	COM	58933Y105
GILD	GILEAD SCIENCES	24,200	$1.733M	0.8%	$71.61 *	$70.07	-26.5%	COM	375558103
—	CIGNA CORP COM	11,675	$1.557M	0.7%	$133.36	$74.53	—	COM	125509109
—	GOLDMAN SACHS GROUP INC. PFD S	57,505	$1.5M	0.7%	$26.08	$26.57	—	PFD	38148B504
KMI	KINDER MORGAN INC	67,587	$1.4M	0.6%	$20.71 *	$16.77	-23.3%	COM	49456B101
—	WESTERN GAS PARTNERS	23,375	$1.374M	0.6%	$58.78	$57.88	—	COM	958254104
—	COLONY FINANCIAL INC SER A 8.5	50,750	$1.282M	0.6%	$25.26	$26.19	—	PFD	19624R205
FCX	FREEPORT MCMORAN, INC. CL B	96,100	$1.268M	0.6%	$13.19 *	$11.16	+7.2%	COM	35671D857
TEVA 7 12/15/18	TEVA PHARMACEUTICAL 7	1,930	$1.245M	0.5%	$645.08	$879.25	—	PFD	M8769Q136
—	NEW YORK COMMUNITY BANCORP	77,700	$1.236M	0.5%	$15.91	$14.72	—	COM	649445103
—	COLONY FINANCIAL INC SER B 7.5	45,550	$1.124M	0.5%	$24.68	$25.87	—	PFD	19624R304
—	MORGAN STANLEY PRD G 6.625 7-	44,000	$1.124M	0.5%	$25.55	$25.82	—	PFD	61762V507
—	NORTHSTAR REALTY FINANCE PREF	43,400	$1.105M	0.5%	$25.46	$24.81	—	PFD	66705V209
—	MEDLEY CAP	133,500	$1.003M	0.4%	$7.51	$9.79	—	COM	58503F106
HON	HONEYWELL INTL INC	8,385	$971K	0.4%	$115.80 *	$76.62	+13.4%	COM	438516106
—	STAG INDL INC CUM RED PRD SER	33,000	$847K	0.4%	$25.67	$26.40	—	PFD	85254J409
BRK/A	BERKSHIRE HATHAWAY DEL CL A	3	$732K	0.3%	$244000.00	$165023.42	+47.9%	COM	084670108
—	STAG INDUSTRIAL PRF SER B 6.62	29,300	$731K	0.3%	$24.95	$23.31	—	PFD	85254J300
—	AGNC INVESTMENT CORP. SER B 7	28,200	$708K	0.3%	$25.11	$25.11	—	PFD	00123Q302
—	BGC PARTNERS INC SR NTS 8.125	27,254	$700K	0.3%	$25.68	$26.73	—	PFD	05541T408
—	GRAMERCY PROPERTY TRUST SER A	25,500	$675K	0.3%	$26.47	$25.21	—	PFD	385002209
—	PRIVATEBANCORP 10	23,564	$626K	0.3%	$26.57	$25.84	—	PFD	74272L208
STAG	STAG INDUSTRIAL INC	25,200	$602K	0.3%	$23.89	$19.98	—	COM	85254J102
COST	COSTCO WHSL	3,350	$536K	0.2%	$160.00 *	$91.39	+49.1%	COM	22160K105
—	KKR FINL HLDGS LLC PFD SER A L	20,310	$527K	0.2%	$25.95	$26.87	—	PFD	48248A603
JNJ	JOHNSON & JOHNSON	4,476	$516K	0.2%	$115.28 *	$69.45	+29.3%	COM	478160104
PFE	PFIZER	15,800	$513K	0.2%	$32.47 *	$20.00	+3.9%	COM	717081103
MSFT	MICROSOFT	7,612	$473K	0.2%	$62.14 *	$47.52	+17.6%	COM	594918104
RY	ROYAL BANK OF CANADA	6,931	$469K	0.2%	$67.67	$56.09	+20.7%	COM	780087102
DIS	WALT DISNEY COMPANY HOLDING	4,503	$469K	0.2%	$104.15 *	$96.06	+1.5%	COM	254687106
—	PEBBLEBROOK HOTEL TR PFD SER C	19,300	$468K	0.2%	$24.25	$25.79	—	PFD	70509V407
—	AK STEEL HLDG CORP	45,700	$467K	0.2%	$10.22	$4.13	—	COM	001547108
—	NORTHSTAR REALTY FINANCE PREF	17,800	$455K	0.2%	$25.56	$25.17	—	PFD	66704R506
—	HERSHA HOSPITALITY TRUST SER D	19,850	$444K	0.2%	$22.37	$25.27	—	PFD	427825609
—	MONSANTO	4,200	$442K	0.2%	$105.24	$102.14	—	COM	61166W101
VZ	VERIZON COMMUNICATIONS	8,081	$431K	0.2%	$53.33 *	$32.90	+0.6%	COM	92343V104
NVO	NOVO-NORDISK A/S-SPONS ADR	12,000	$430K	0.2%	$35.83	$47.08	-23.8%	COM	670100205
RHHBY	ROCHE HOLDINGS LTD-SPONS ADR	15,000	$428K	0.2%	$28.53	$31.88	-10.5%	COM	771195104
—	J C PENNEY INC	50,500	$420K	0.2%	$8.32	$9.68	—	COM	708160106
DEO	DIAGEO PLC	4,000	$416K	0.2%	$104.00	$105.79	-1.7%	COM	25243Q205
NSRGY	NESTLE SA ADR	5,500	$395K	0.2%	$71.82	$72.41	-0.9%	COM	641069406
BTI	BRITISH AMERICAN TOB-SP ADR	3,500	$394K	0.2%	$112.57	$110.08	+2.4%	COM	110448107
—	REALTY INCOME CORP PREF F 6.62	15,100	$380K	0.2%	$25.17	$24.66	—	PFD	756109807
XOM	EXXON	3,905	$352K	0.2%	$90.14 *	$54.41	+10.8%	COM	30231G102
—	ESSILOR INTERNATIONAL	3,000	$340K	0.1%	$113.33	$123.60	—	COM	F31668100
—	RECKITT BENCKISER-SPON ADR	20,000	$336K	0.1%	$16.80	$19.51	—	COM	756255204
AIQUF	AIR LIQUIDE SA	3,000	$334K	0.1%	$111.33 *	$55.71	+7.4%	COM	F01764103
PM	PHILIP MORRIS	3,500	$320K	0.1%	$91.43 *	$55.87	+4.0%	COM	718172109
—	LIBERTY INTERACTIVE CORPORATIO	15,544	$311K	0.1%	$20.01	$23.03	—	COM	53071M104
—	UNILEVER NV	7,500	$308K	0.1%	$41.07	$44.70	—	COM	904784709
—	GRIFOLS SA /EUR/	15,346	$306K	0.1%	$19.94	$22.26	—	COM	E8347C103
SGSOY	SGS SA	15,000	$304K	0.1%	$20.27	$19.57	+3.5%	COM	818800104
—	CORPORATE OFFICE PPTYS TR PFD	10,100	$255K	0.1%	$25.25	$25.94	—	PFD	22002T884
FMS	FRESENIUS MEDICAL CARE-ADR	6,000	$253K	0.1%	$42.17	$42.34	-0.3%	COM	358029106
DANOY	DANONE SPONSORED ADR	20,000	$252K	0.1%	$12.60	$14.07	-10.6%	COM	23636T100
MCD	MCDONALDS	2,052	$250K	0.1%	$121.83 *	$94.04	+4.6%	COM	580135101
OPK	OPKO HEALTH INC COM	26,000	$242K	0.1%	$9.31	$8.58	+8.4%	COM	68375N103
—	LIBERTY MEDIA CORP SIRIUSXM GR	7,028	$238K	0.1%	$33.86	$30.88	—	COM	531229607
—	GENERAL ELECTRIC	7,500	$237K	0.1%	$31.60	$31.60	—	COM	369604103
LDSVF	CHOCOLADEFABRIKEN LINDT	45	$233K	0.1%	$5177.78	$5771.72	-10.2%	COM	H49983184
EPD	ENTERPRISE PRODUCTS PARTNERS L	8,500	$230K	0.1%	$27.06	$24.59	—	COM	293792107
GLD	SPDR GOLD TRUST	2,100	$230K	0.1%	$109.52	$132.68	-17.4%	COM	78463V107
TEVA	TEVA PHARMACEUTICAL	6,045	$219K	0.1%	$36.23	$49.41	-26.6%	COM	881624209
—	PERNOD-RICARD SA-UNSPON ADR	10,000	$216K	0.1%	$21.60	$22.14	—	COM	714264207
—	SPECTRA ENERGY CORP	5,160	$212K	0.1%	$41.09	$42.83	—	COM	847560109
BUD	ANHEUSER-BUSCH INBEV-SPN ADR	2,000	$211K	0.1%	$105.50	$118.66	-11.1%	COM	03524A108
DE	DEERE and CO	2,000	$206K	0.1%	$103.00 *	$81.42	+10.2%	COM	244199105
PYPL	PAYPAL HOLDINGS INC	5,100	$201K	0.1%	$39.41	$38.34	+2.7%	COM	70450Y103
OSUR	ORASURE TECHNOLOGIES	15,000	$132K	0.1%	$8.80	$5.60	+56.9%	COM	68554V108
ULBI	ULTRALIFE BATTERIES	24,600	$122K	0.1%	$4.96	$4.16	+19.1%	COM	903899102
—	DRIVE SHACK INC	31,500	$118K	0.1%	$3.75	$3.75	—	COM	262077100
—	CHANTICLEER HOLDINGS INC	11,000	$5,000	0.0%	$0.45	$0.45	—	COM	15930P404
BRCOQ	BEARD	13,800	$0	0.0%	$0.00	$0.00	-12.8%	COM	07384R408
—	BLACKHAWK CAP GROUP BDC	24,000	$0	0.0%	$0.00	$0.04	—	COM	09236T103