Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE	96,033	$13.8M	6.2%	$19.40	+56.9%	COM	037833100
AMZN	AMAZON.COM	12,638	$11.2M	5.1%	$29.54	+41.1%	COM	023135106
—	CBS CORP CL B	152,809	$10.6M	4.8%	$55.10	—	COM	124857202
—	COLONY NORTHSTAR INC. CL A	671,401	$8.668M	3.9%	$12.91	—	COM	19625W104
—	BGC PARTNERS INC	690,200	$7.841M	3.5%	$7.78	—	COM	05541T101
GOOG	ALPHABET INC CL C	8,894	$7.378M	3.3%	$30.86	+31.9%	COM	02079K107
BAC	BANK OF AMERICA	297,874	$7.027M	3.2%	$11.63	+66.6%	COM	060505104
—	LEXINGTON REALTY TR	645,175	$6.439M	2.9%	$9.71	—	COM	529043101
MPC	MARATHON PETROLEUM CORP	114,910	$5.808M	2.6%	$37.82	0.0%	COM	56585A102
C	CITIGROUP INC.	93,914	$5.618M	2.5%	$35.73	+25.0%	COM	172967424
INCY	INCYTE	40,450	$5.407M	2.4%	$88.68	+43.6%	COM	45337C102
—	ANADARKO PETROLEUM	86,105	$5.339M	2.4%	$72.02	—	COM	032511107
MCK	MCKESSON CORP	35,630	$5.283M	2.4%	$136.77	-0.2%	COM	58155Q103
—	AETNA	40,250	$5.134M	2.3%	$81.84	—	COM	00817Y108
DHR	DANAHER CORP	59,462	$5.086M	2.3%	$52.98	+34.5%	COM	235851102
CSCO	CISCO SYSTEMS	149,700	$5.06M	2.3%	$21.86	+13.1%	COM	17275R102
CMCSA	COMCAST CL A	132,350	$4.975M	2.2%	$26.89	+11.3%	COM	20030N101
—	NEW MEDIA INVESTMENT GROUP INC	332,350	$4.723M	2.1%	$16.70	—	COM	64704V106
—	NEW SENIOR INVESTMENT GROUP IN	447,400	$4.563M	2.1%	$11.39	—	COM	648691103
AGN 5.5 03/01/18 A	ALLERGAN PLC 5.5	5,370	$4.556M	2.1%	$974.53	—	PFD	G0177J116
VOD	VODAFONE GROUP PLC	163,875	$4.331M	2.0%	$26.37	—	COM	92857W308
—	WHITEWAVE FOODS COMPANY	72,190	$4.053M	1.8%	$22.65	—	COM	966244105
STWD	STARWOOD PROPERTY TRUST INC	170,700	$3.854M	1.7%	$23.87	—	COM	85571B105
—	THL CREDIT INC	380,750	$3.792M	1.7%	$11.20	—	COM	872438106
DAL	DELTA AIR LINES INC	76,455	$3.514M	1.6%	$27.04	+62.6%	COM	247361702
ALLY	ALLY FINANCIAL INC	158,975	$3.232M	1.5%	$16.41	0.0%	COM	02005N100
—	GMAC CAP TR I SER 2 CPN-8.125	123,150	$3.132M	1.4%	$25.21	—	PFD	361860208
DG	DOLLAR GENERAL CORP	43,897	$3.061M	1.4%	$64.26	+1.6%	COM	256677105
—	KITE PHARMA INC	38,600	$3.03M	1.4%	$42.19	—	COM	49803L109
NVDA	NVIDIA Corp	26,620	$2.9M	1.3%	$2.62	0.0%	COM	67066G104
MPLX	MPLX LP	75,290	$2.716M	1.2%	$36.07	—	COM	55336V100
FTV	FORTIVE CORP	37,916	$2.283M	1.0%	$31.00	+11.5%	COM	34959J108
TAP	MOLSON COORS BREWING CO CLASS	21,470	$2.055M	0.9%	$80.88	-3.9%	COM	60871R209
MRK	MERCK & CO INC	30,242	$1.922M	0.9%	$30.29	+52.1%	COM	58933Y105
—	WALGREENS BOOTS ALLIANCE INC	21,740	$1.806M	0.8%	$76.26	—	COM	931427108
—	GOLDMAN SACHS GROUP INC. PFD S	61,005	$1.622M	0.7%	$26.57	—	PFD	38148B504
KMI	KINDER MORGAN INC	72,119	$1.568M	0.7%	$16.57	-17.8%	COM	49456B101
—	CIGNA CORP COM	10,275	$1.505M	0.7%	$74.53	—	COM	125509109
ARMK	ARAMARK	37,950	$1.399M	0.6%	$20.18	+13.2%	COM	03852U106
—	WESTERN GAS PARTNERS	22,375	$1.353M	0.6%	$57.88	—	COM	958254104
CVS	CVS CAREMARK	16,450	$1.291M	0.6%	$69.55	-12.9%	COM	126650100
—	COLONY NORTHSTAR INC. 8.50 PF	49,550	$1.249M	0.6%	$25.21	—	PFD	19625W708
—	MORGAN STANLEY PRD G 6.625 7	45,500	$1.208M	0.5%	$25.85	—	PFD	61762V507
FCX	FREEPORT MCMORAN, INC. CL B	86,600	$1.157M	0.5%	$11.16	+16.8%	COM	35671D857
—	COLONY NORTHSTAR INC. 8.5 PFD	43,400	$1.12M	0.5%	$25.81	—	PFD	19625W500
—	COLONY NORTHSTAR INC 7.5 PFD	44,600	$1.102M	0.5%	$24.71	—	PFD	19625W807
—	MEDLEY CAP	133,500	$1.027M	0.5%	$9.79	—	COM	58503F106
HON	HONEYWELL INTL INC	7,485	$935K	0.4%	$76.62	+20.0%	COM	438516106
—	STAG INDL INC CUM RED PRD SER	33,000	$858K	0.4%	$26.40	—	PFD	85254J409
TEVA 7 12/15/18	TEVA PHARMACEUTICAL 7	1,460	$842K	0.4%	$879.25	—	PFD	M8769Q136
GILD	GILEAD SCIENCES	12,050	$818K	0.4%	$70.07	-27.7%	COM	375558103
GLPI	GAMING AND LEISURE PROPERTIES,	23,985	$802K	0.4%	$33.44	—	COM	36467J108
BRK/A	BERKSHIRE HATHAWAY DEL CL A	3	$750K	0.3%	$165023.42	+52.0%	COM	084670108
—	AGNC INVESTMENT CORP. SER B 7.	28,500	$741K	0.3%	$25.12	—	PFD	00123Q302
—	STAG INDUSTRIAL PRF SER B 6.62	29,300	$740K	0.3%	$23.31	—	PFD	85254J300
RIO	RIO TINTO PLC	18,175	$739K	0.3%	$40.66	—	COM	767204100
—	BGC PARTNERS INC SR NTS 8.125	28,854	$736K	0.3%	$26.67	—	PFD	05541T408
—	GRAMERCY PROPERTY TRUST SER A	24,850	$659K	0.3%	$25.21	—	PFD	385002209
—	NEW YORK COMMUNITY BANCORP	47,200	$659K	0.3%	$14.72	—	COM	649445103
—	PRIVATEBANCORP 10	23,564	$633K	0.3%	$25.84	—	PFD	74272L208
COST	COSTCO WHSL	3,350	$562K	0.3%	$91.39	+56.3%	COM	22160K105
—	KKR FINL HLDGS LLC PFD SER A L	21,310	$557K	0.3%	$26.83	—	PFD	48248A603
JNJ	JOHNSON & JOHNSON	4,476	$557K	0.3%	$69.45	+34.5%	COM	478160104
PFE	PFIZER	15,800	$541K	0.2%	$20.00	+7.1%	COM	717081103
—	HERSHA HOSPITALITY TRUST SER D	21,050	$529K	0.2%	$25.26	—	PFD	427825609
—	PEBBLEBROOK HOTEL TR PFD SER C	20,800	$525K	0.2%	$25.75	—	PFD	70509V407
DIS	WALT DISNEY COMPANY HOLDING	4,503	$511K	0.2%	$96.06	+7.2%	COM	254687106
STAG	STAG INDUSTRIAL INC	20,200	$505K	0.2%	$19.98	—	COM	85254J102
RY	ROYAL BANK OF CANADA	6,931	$505K	0.2%	$56.09	+29.2%	COM	780087102
MSFT	MICROSOFT	7,612	$501K	0.2%	$47.52	+21.7%	COM	594918104
—	CORPORATE OFFICE PPTYS TR PFD	18,300	$462K	0.2%	$25.63	—	PFD	22002T884
—	COLONY NORTHSTAR INC. 8.875 P	17,800	$457K	0.2%	$25.67	—	PFD	19625W401
—	AK STEEL HLDG CORP	61,000	$439K	0.2%	$4.90	—	COM	001547108
NVO	NOVO-NORDISK A/S-SPONS ADR	12,000	$411K	0.2%	$47.27	—	COM	670100205
VZ	VERIZON COMMUNICATIONS	7,881	$384K	0.2%	$32.90	-4.5%	COM	92343V104
—	REALTY INCOME CORP PREF F 6.62	15,100	$379K	0.2%	$24.66	—	PFD	756109807
NSRGY	NESTLE SA	4,500	$346K	0.2%	$74.63	—	COM	641069406
PM	PHILIP MORRIS	3,000	$339K	0.2%	$55.87	+17.4%	COM	718172109
BTI	BRITISH AMERICAN TOB-SP ADR	5,000	$332K	0.1%	$101.72	—	COM	110448107
—	UNILEVER NV	6,500	$323K	0.1%	$44.70	—	COM	904784709
XOM	EXXON	3,905	$320K	0.1%	$54.41	+3.1%	COM	30231G102
RHHBY	ROCHE HOLDINGS LTD-SPONS ADR	10,000	$320K	0.1%	$30.65	—	COM	771195104
—	LIBERTY INTERACTIVE CORPORATIO	15,544	$311K	0.1%	$23.03	—	COM	53071M104
OPK	OPKO HEALTH INC COM	38,500	$308K	0.1%	$8.53	-1.3%	COM	68375N103
—	RAYTHEON	1,885	$287K	0.1%	$152.25	—	COM	755111507
OFS	OFS CAPITAL CORP	20,000	$284K	0.1%	$14.52	0.0%	COM	67103B100
DANOY	DANONE SPONSORED ADR	20,000	$274K	0.1%	$13.70	—	COM	23636T100
—	LIBERTY MEDIA CORP SIRIUSXM GR	7,028	$273K	0.1%	$30.88	—	COM	531229607
LDSVF	CHOCOLADEFABRIKEN LINDT	45	$256K	0.1%	$5771.72	-3.8%	COM	H49983184
—	COLONY NORTHSTAR INC. 8.750 P	9,650	$254K	0.1%	$26.32	—	PFD	19625W609
GLD	SPDR GOLD TRUST	2,100	$249K	0.1%	$119.55	—	COM	78463V107
—	J C PENNEY INC	40,000	$246K	0.1%	$9.68	—	COM	708160106
—	ESSILOR INTERNATIONAL	2,000	$244K	0.1%	$123.60	—	COM	F31668100
—	GENERAL ELECTRIC	8,094	$241K	0.1%	$31.47	—	COM	369604103
ACM	AECOM TECHNOLOGY	6,750	$240K	0.1%	$35.17	0.0%	COM	00766T100
MCD	MCDONALDS	1,852	$240K	0.1%	$94.04	+8.1%	COM	580135101
EPD	ENTERPRISE PRODUCTS PARTNERS L	8,500	$235K	0.1%	$24.59	—	COM	293792107
DEO	DIAGEO PLC	2,000	$231K	0.1%	$107.91	—	COM	25243Q205
—	MONSANTO	2,000	$226K	0.1%	$102.14	—	COM	61166W101
PYPL	PAYPAL HOLDINGS INC	5,100	$219K	0.1%	$38.34	+8.9%	COM	70450Y103
SGSOY	SGS SA	10,000	$213K	0.1%	$21.02	—	COM	818800104
ENB	ENBRIDGE INC	5,077	$212K	0.1%	$24.73	0.0%	COM	29250N105
—	ALLERGAN INC	885	$211K	0.1%	$238.42	—	COM	G0177J108
FMS	FRESENIUS MEDICAL CARE-ADR	5,000	$211K	0.1%	$44.02	—	COM	358029106
AAL	AMERICAN AIRLINES GROUP	4,900	$207K	0.1%	$43.78	0.0%	COM	02376R102
—	RECKITT BENCKISER-SPON ADR	10,000	$186K	0.1%	$19.51	—	COM	756255204
ULBI	ULTRALIFE BATTERIES	21,500	$117K	0.1%	$4.16	+31.0%	COM	903899102
—	AGENUS INC	10,000	$38,000	0.0%	$3.80	—	COM	00847G705
—	GASTAR EXPLORATION INC	15,000	$23,000	0.0%	$1.53	—	COM	36729W202
—	CHANTICLEER HOLDINGS INC	11,000	$4,000	0.0%	$0.45	—	COM	15930P404
—	BLACKHAWK CAP GROUP BDC	24,000	$0	0.0%	$0.04	—	COM	09236T103
BRCOQ	BEARD	13,800	$0	0.0%	$0.00	-48.0%	COM	07384R408