Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	41,626	$16.51M	4.1%	$13.16	0.0%	COM	037833100
VZ	VERIZON COMMUNICATIONS INC	308,450	$15.53M	3.9%	$27.04	0.0%	COM	92343V104
CVX	CHEVRON CORP NEW	116,573	$13.79M	3.4%	$71.30	0.0%	COM	166764100
PFE	PFIZER INC	439,342	$12.31M	3.1%	$16.46	0.0%	COM	717081103
—	VODAFONE GROUP PLC NEW	421,581	$12.12M	3.0%	$28.74	—	SPONS ADR NEW	92857W209
MRK	MERCK & CO INC NEW	243,802	$11.32M	2.8%	$30.02	0.0%	COM	58933Y105
MSFT	MICROSOFT CORP	326,428	$11.28M	2.8%	$26.70	0.0%	COM	594918104
—	E M C CORP MASS	438,075	$10.35M	2.6%	$23.62	—	COM	268648102
MET	METLIFE INC	206,360	$9.443M	2.4%	$24.43	0.0%	COM	59156R108
—	GENERAL ELECTRIC CO	391,785	$9.085M	2.3%	$23.19	—	COM	369604103
—	GABELLI DIVD & INCOME TR	449,575	$8.681M	2.2%	$19.31	—	COM	36242H104
—	KINDER MORGAN ENERGY PARTNER	100,750	$8.604M	2.1%	$85.40	—	UT LTD PARTNER	494550106
—	GOOGLE INC	9,758	$8.591M	2.1%	$880.41	—	CL A	38259P508
JPM	JPMORGAN CHASE & CO	161,947	$8.549M	2.1%	$36.24	0.0%	COM	46625H100
SLB	SCHLUMBERGER LTD	118,795	$8.513M	2.1%	$52.90	0.0%	COM	806857108
TMO	THERMO FISHER SCIENTIFIC INC	99,575	$8.427M	2.1%	$79.76	0.0%	COM	883556102
—	PALL CORP	124,050	$8.241M	2.1%	$66.43	—	COM	696429307
—	WILLIAMS PARTNERS L P	144,600	$7.461M	1.9%	$51.60	—	COM UNIT L P	96950F104
XOM	EXXON MOBIL CORP	77,730	$7.023M	1.8%	$53.69	0.0%	COM	30231G102
BA	BOEING CO	58,665	$6.01M	1.5%	$80.37	0.0%	COM	097023105
ARCO	ARCOS DORADOS HOLDINGS INC	425,224	$4.967M	1.2%	$10.94	0.0%	SHS CLASS -A -	G0457F107
JNJ	JOHNSON & JOHNSON	57,730	$4.957M	1.2%	$59.66	0.0%	COM	478160104
—	FIRST TR ENERGY INFRASTRCTR	206,648	$4.92M	1.2%	$23.81	—	COM	33738C103
DVN	DEVON ENERGY CORP NEW	87,370	$4.533M	1.1%	$37.00	0.0%	COM	25179M103
—	APACHE CORP	51,645	$4.329M	1.1%	$83.82	—	COM	037411105
CAT	CATERPILLAR INC DEL	50,950	$4.203M	1.0%	$61.55	0.0%	COM	149123101
IBM	INTERNATIONAL BUSINESS MACHS	21,800	$4.166M	1.0%	$118.94	0.0%	COM	459200101
AXP	AMERICAN EXPRESS CO	54,250	$4.056M	1.0%	$59.62	0.0%	COM	025816109
TEVA	TEVA PHARMACEUTICAL INDS LTD	101,300	$3.971M	1.0%	$39.20	—	ADR	881624209
—	KKR & CO L P DEL	201,750	$3.966M	1.0%	$19.66	—	COM UNITS	48248M102
BRK/B	BERKSHIRE HATHAWAY INC DEL	31,586	$3.535M	0.9%	$110.02	0.0%	CL B NEW	084670702
COP	CONOCOPHILLIPS	58,115	$3.516M	0.9%	$39.96	0.0%	COM	20825C104
—	CALPINE CORP	161,700	$3.433M	0.9%	$21.23	—	COM NEW	131347304
—	FIRST TR MLP & ENERGY INCOME	164,299	$3.362M	0.8%	$20.46	—	COM	33739B104
ORCL	ORACLE CORP	107,429	$3.299M	0.8%	$27.58	0.0%	COM	68389X105
—	MONSANTO CO NEW	33,050	$3.265M	0.8%	$98.79	—	COM	61166W101
RY	ROYAL BK CDA MONTREAL QUE	55,750	$3.251M	0.8%	$59.71	0.0%	COM	780087102
GS	GOLDMAN SACHS GROUP INC	21,315	$3.224M	0.8%	$120.06	0.0%	COM	38141G104
DMLP	DORCHESTER MINERALS LP	128,300	$3.142M	0.8%	$24.49	—	COM UNIT	25820R105
—	DU PONT E I DE NEMOURS & CO	58,900	$3.092M	0.8%	$52.50	—	COM	263534109
DUK	DUKE ENERGY CORP NEW	44,704	$3.018M	0.8%	$41.83	0.0%	COM NEW	26441C204
EPD	ENTERPRISE PRODS PARTNERS L	47,448	$2.949M	0.7%	$62.15	—	COM	293792107
DIS	DISNEY WALT CO	42,749	$2.7M	0.7%	$56.11	0.0%	COM DISNEY	254687106
COST	COSTCO WHSL CORP NEW	24,393	$2.697M	0.7%	$86.56	0.0%	COM	22160K105
EBAY	EBAY INC	52,000	$2.689M	0.7%	$20.18	0.0%	COM	278642103
TGT	TARGET CORP	38,915	$2.68M	0.7%	$47.95	0.0%	COM	87612E106
MMM	3M CO	23,615	$2.582M	0.6%	$61.26	0.0%	COM	88579Y101
—	FIRST TR ENERGY INCOME & GRW	75,069	$2.551M	0.6%	$33.98	—	COM	33738G104
VEOEY	VEOLIA ENVIRONNEMENT	223,600	$2.551M	0.6%	$11.41	—	SPONSORED ADR	92334N103
KMI	KINDER MORGAN INC DEL	65,470	$2.498M	0.6%	$20.66	0.0%	COM	49456B101
—	BLACKSTONE GROUP L P	113,700	$2.395M	0.6%	$21.06	—	COM UNIT LTD	09253U108
KO	COCA COLA CO	56,882	$2.282M	0.6%	$27.85	0.0%	COM	191216100
—	QR ENERGY LP	122,400	$2.153M	0.5%	$17.59	—	UNIT LTD PRTNS	74734R108
T	AT&T INC	60,118	$2.128M	0.5%	$11.40	0.0%	COM	00206R102
PEP	PEPSICO INC	25,690	$2.101M	0.5%	$56.00	0.0%	COM	713448108
INTC	INTEL CORP	85,807	$2.079M	0.5%	$17.18	0.0%	COM	458140100
AEM	AGNICO EAGLE MINES LTD	72,580	$1.999M	0.5%	$25.33	0.0%	COM	008474108
SCHW	SCHWAB CHARLES CORP NEW	93,000	$1.974M	0.5%	$15.92	0.0%	COM	808513105
MCD	MCDONALDS CORP	19,806	$1.961M	0.5%	$71.80	0.0%	COM	580135101
NEM	NEWMONT MINING CORP	65,270	$1.955M	0.5%	$25.34	0.0%	COM	651639106
—	NORTHERN TIER ENERGY LP	78,400	$1.883M	0.5%	$24.02	—	COM UN REPR PART	665826103
—	CENTURYLINK INC	52,200	$1.845M	0.5%	$35.34	—	COM	156700106
—	UNILEVER N V	44,520	$1.75M	0.4%	$39.31	—	N Y SHS NEW	904784709
—	TYCO INTERNATIONAL LTD	49,200	$1.621M	0.4%	$32.95	—	SHS	H89128104
PHYS	SPROTT PHYSICAL GOLD TRUST	156,900	$1.607M	0.4%	$10.24	—	UNIT	85207H104
QCOM	QUALCOMM INC	25,850	$1.579M	0.4%	$45.06	0.0%	COM	747525103
SPPP	SPROTT PHYSICAL PLAT PALLAD	187,500	$1.573M	0.4%	$8.39	—	UNIT	85207Q104
OFS	OFS CAP CORP	129,450	$1.54M	0.4%	$12.74	0.0%	COM	67103B100
PG	PROCTER & GAMBLE CO	19,028	$1.465M	0.4%	$55.00	0.0%	COM	742718109
—	POTASH CORP SASK INC	37,800	$1.441M	0.4%	$38.12	—	COM	73755L107
CLX	CLOROX CO DEL	17,280	$1.437M	0.4%	$60.00	0.0%	COM	189054109
—	EL PASO PIPELINE PARTNERS L	32,300	$1.411M	0.4%	$43.68	—	COM UNIT LPI	283702108
—	PETSMART INC	20,600	$1.38M	0.3%	$66.99	—	COM	716768106
—	ENERGY TRANSFER PRTNRS L P	26,800	$1.354M	0.3%	$50.52	—	UNIT LTD PARTN	29273R109
—	CROWN CASTLE INTL CORP	18,548	$1.343M	0.3%	$72.41	—	COM	228227104
XBFZX	BLACKROCK CALIF MUN INCOME T	89,140	$1.326M	0.3%	$14.88	—	SH BEN INT	09248E102
CVS	CVS CAREMARK CORPORATION	20,700	$1.184M	0.3%	$41.44	0.0%	COM	126650100
—	MEDTRONIC INC	22,900	$1.179M	0.3%	$51.48	—	COM	585055106
BMY	BRISTOL MYERS SQUIBB CO	25,996	$1.162M	0.3%	$28.67	0.0%	COM	110122108
—	BLACKROCK INC	4,490	$1.153M	0.3%	$256.79	—	COM	09247X101
—	NIELSEN HOLDINGS N V	33,200	$1.115M	0.3%	$33.58	—	COM	N63218106
PSLV	SPROTT PHYSICAL SILVER TR	135,200	$1.044M	0.3%	$7.72	—	TR UNIT	85207K107
—	CARLYLE GROUP L P	40,000	$1.025M	0.3%	$25.63	—	COM UTS LTD PTN	14309L102
NVS	NOVARTIS A G	14,100	$997K	0.2%	$70.71	—	SPONSORED ADR	66987V109
—	TIME WARNER INC	17,250	$997K	0.2%	$57.80	—	COM NEW	887317303
ILMN	ILLUMINA INC	13,000	$973K	0.2%	$64.01	0.0%	COM	452327109
FRCB	FIRST REP BK SAN FRANCISCO C	24,750	$952K	0.2%	$35.36	0.0%	COM	33616C100
—	THE ADT CORPORATION	23,700	$944K	0.2%	$39.83	—	COM	00101J106
—	SODASTREAM INTERNATIONAL LTD	12,500	$908K	0.2%	$72.64	—	USD SHS	M9068E105
CAKE	CHEESECAKE FACTORY INC	21,500	$901K	0.2%	$31.16	0.0%	COM	163072101
NTRS	NORTHERN TR CORP	15,150	$877K	0.2%	$40.35	0.0%	COM	665859104
WSM	WILLIAMS SONOMA INC	15,500	$866K	0.2%	$20.11	0.0%	COM	969904101
ABBV	ABBVIE INC	20,600	$852K	0.2%	$26.55	0.0%	COM	00287Y109
KMB	KIMBERLY CLARK CORP	8,770	$852K	0.2%	$63.06	0.0%	COM	494368103
—	RPX CORP	50,000	$840K	0.2%	$16.80	—	COM	74972G103
AWK	AMERICAN WTR WKS CO INC NEW	19,750	$814K	0.2%	$31.82	0.0%	COM	030420103
HAL	HALLIBURTON CO	19,100	$797K	0.2%	$33.21	0.0%	COM	406216101
EOG	EOG RES INC	6,000	$790K	0.2%	$46.52	0.0%	COM	26875P101
BMO	BANK MONTREAL QUE	13,050	$757K	0.2%	$36.25	0.0%	COM	063671101
—	PIMCO DYNAMIC CR INCOME FD	32,300	$740K	0.2%	$22.91	—	COM SHS	72202D106
YUM	YUM BRANDS INC	10,600	$735K	0.2%	$38.97	0.0%	COM	988498101
ABT	ABBOTT LABS	20,400	$712K	0.2%	$28.85	0.0%	COM	002824100
TROW	PRICE T ROWE GROUP INC	9,533	$698K	0.2%	$47.69	0.0%	COM	74144T108
CHKP	CHECK POINT SOFTWARE TECH LT	13,950	$693K	0.2%	$48.11	0.0%	ORD	M22465104
—	ANNALY CAP MGMT INC	54,550	$686K	0.2%	$12.58	—	COM	035710409
WMT	WAL-MART STORES INC	8,950	$667K	0.2%	$19.98	0.0%	COM	931142103
—	BROOKFIELD MTG OPP INC FD IN	35,760	$660K	0.2%	$18.46	—	COM	112792106
—	DOW CHEM CO	20,200	$650K	0.2%	$32.18	—	COM	260543103
—	APOLLO GLOBAL MGMT LLC	26,000	$627K	0.2%	$24.12	—	CL A SHS	037612306
—	PENTAIR LTD	10,649	$614K	0.2%	$57.66	—	SHS	H6169Q108
—	SPECTRA ENERGY PARTNERS LP	13,000	$598K	0.1%	$46.00	—	COM	84756N109
—	AIRCASTLE LTD	35,500	$568K	0.1%	$16.00	—	COM	G0129K104
HD	HOME DEPOT INC	7,230	$560K	0.1%	$56.05	0.0%	COM	437076102
—	HALCON RES CORP	96,000	$544K	0.1%	$5.67	—	COM NEW	40537Q209
—	LORILLARD INC	11,950	$522K	0.1%	$43.68	—	COM	544147101
D	DOMINION RES INC VA NEW	9,106	$517K	0.1%	$34.53	0.0%	COM	25746U109
—	DOUBLELINE INCOME SOLUTIONS	21,400	$497K	0.1%	$23.22	—	COM	258622109
ATR	APTARGROUP INC	8,000	$442K	0.1%	$46.93	0.0%	COM	038336103
SDLPEUR	SEADRILL PARTNERS LLC	15,000	$440K	0.1%	$29.33	—	COMUNIT REP LB	Y7545W109
WYNN	WYNN RESORTS LTD	3,400	$435K	0.1%	$106.96	0.0%	COM	983134107
NVO	NOVO-NORDISK A S	2,800	$434K	0.1%	$155.00	—	ADR	670100205
—	CEPHEID	12,000	$413K	0.1%	$34.42	—	COM	15670R107
FTNT	FORTINET INC	23,334	$408K	0.1%	$3.73	0.0%	COM	34959E109
PSX	PHILLIPS 66	6,893	$406K	0.1%	$40.44	0.0%	COM	718546104
—	HI-CRUSH PARTNERS LP	17,200	$405K	0.1%	$23.55	—	COM UNIT LTD	428337109
UPS	UNITED PARCEL SERVICE INC	4,675	$404K	0.1%	$55.38	0.0%	CL B	911312106
AMGN	AMGEN INC	4,000	$395K	0.1%	$73.34	0.0%	COM	031162100
META	FACEBOOK INC	15,750	$392K	0.1%	$25.44	0.0%	CL A	30303M102
WFC	WELLS FARGO & CO NEW	9,330	$385K	0.1%	$27.36	0.0%	COM	949746101
NEE	NEXTERA ENERGY INC	4,601	$375K	0.1%	$14.15	0.0%	COM	65339F101
—	BARCLAYS BK PLC	18,000	$373K	0.1%	$20.72	—	IPATH S&P500 VIX	06740C188
—	BLACKROCK MULTI-SECTOR INC T	21,000	$369K	0.1%	$17.57	—	COM	09258A107
NSC	NORFOLK SOUTHERN CORP	5,000	$363K	0.1%	$57.67	0.0%	COM	655844108
—	NUANCE COMMUNICATIONS INC	19,600	$361K	0.1%	$18.42	—	COM	67020Y100
SNY	SANOFI	6,840	$352K	0.1%	$51.46	—	SPONSORED ADR	80105N105
BEN	FRANKLIN RES INC	2,500	$340K	0.1%	$30.23	0.0%	COM	354613101
SBUX	STARBUCKS CORP	5,080	$333K	0.1%	$24.37	0.0%	COM	855244109
GIS	GENERAL MLS INC	6,800	$330K	0.1%	$31.98	0.0%	COM	370334104
ADP	AUTOMATIC DATA PROCESSING IN	4,750	$327K	0.1%	$45.09	0.0%	COM	053015103
—	RESOLUTE ENERGY CORP	39,500	$315K	0.1%	$7.97	—	COM	76116A108
VTR	VENTAS INC	4,500	$313K	0.1%	$49.18	0.0%	COM	92276F100
ETR	ENTERGY CORP NEW	4,400	$307K	0.1%	$20.57	0.0%	COM	29364G103
—	EV ENERGY PARTNERS LP	8,190	$306K	0.1%	$37.36	—	COM UNITS	26926V107
FCX	FREEPORT-MCMORAN COPPER & GO	10,800	$298K	0.1%	$24.45	0.0%	COM	35671D857
—	CALUMET SPECIALTY PRODS PTNR	8,000	$291K	0.1%	$36.38	—	UT LTD PARTNER	131476103
—	SUNOCO LOGISTICS PRTNRS L P	4,485	$287K	0.1%	$63.99	—	COM UNITS	86764L108
—	SENIOR HSG PPTYS TR	11,000	$285K	0.1%	$25.91	—	SH BEN INT	81721M109
AMZN	AMAZON COM INC	1,010	$280K	0.1%	$13.32	0.0%	COM	023135106
PAA	PLAINS ALL AMERN PIPELINE L	5,000	$279K	0.1%	$55.80	—	UNIT LTD PARTN	726503105
—	ZAIS FINL CORP	14,766	$268K	0.1%	$18.15	—	COM	98886K108
LLY	LILLY ELI & CO	5,450	$268K	0.1%	$42.21	0.0%	COM	532457108
—	BUCKEYE PARTNERS L P	3,745	$263K	0.1%	$70.23	—	UNIT LTD PARTN	118230101
—	TOTAL S A	5,350	$261K	0.1%	$48.79	—	SPONSORED ADR	89151E109
—	PRAXAIR INC	2,206	$254K	0.1%	$115.14	—	COM	74005P104
PM	PHILIP MORRIS INTL INC	2,800	$243K	0.1%	$49.85	0.0%	COM	718172109
UWM	PROSHARES TR	4,000	$240K	0.1%	$60.00	—	PSHS ULTRUSS2000	74347R842
UAMY	UNITED STATES ANTIMONY CORP	215,285	$238K	0.1%	$1.36	0.0%	COM	911549103
CHRW	C H ROBINSON WORLDWIDE INC	4,200	$237K	0.1%	$42.72	0.0%	COM NEW	12541W209
ACN	ACCENTURE PLC IRELAND	3,256	$234K	0.1%	$63.81	0.0%	SHS CLASS A	G1151C101
—	SOTHEBYS	6,000	$227K	0.1%	$37.83	—	COM	835898107
—	ROYAL DUTCH SHELL PLC	3,540	$226K	0.1%	$63.84	—	SPONS ADR A	780259206
IEP	ICAHN ENTERPRISES LP	3,000	$218K	0.1%	$72.67	—	DEPOSITARY UNIT	451100101
—	MAGELLAN MIDSTREAM PRTNRS LP	3,930	$214K	0.1%	$54.45	—	COM UNIT RP LP	559080106
BUD	ANHEUSER BUSCH INBEV SA/NV	2,220	$200K	0.0%	$90.09	—	SPONSORED ADR	03524A108
—	STRATEGIC HOTELS & RESORTS I	22,000	$195K	0.0%	$8.86	—	COM	86272T106
—	TCP CAP CORP	10,000	$168K	0.0%	$16.80	—	COM	87238Q103
—	SANDRIDGE ENERGY INC	30,300	$144K	0.0%	$4.75	—	COM	80007P307
—	GOODRICH PETE CORP	10,000	$128K	0.0%	$12.80	—	COM NEW	382410405
—	EURASIAN MINERALS INC	100,000	$121K	0.0%	$1.21	—	COM	29843R100
PSEC	PROSPECT CAPITAL CORPORATION	10,000	$108K	0.0%	$2.26	0.0%	COM	74348T102
XPCKX	PIMCO CALIF MUN INCOME FD II	10,500	$103K	0.0%	$9.81	—	COM	72200M108
—	FRONTIER COMMUNICATIONS CORP	21,624	$88,000	0.0%	$4.07	—	COM	35906A108
—	ADCARE HEALTH SYSTEMS INC	17,640	$85,000	0.0%	$4.82	—	COM NEW	00650W300
—	STAR SCIENTIFIC INC	34,000	$47,000	0.0%	$1.38	—	COM	85517P101
—	ZYNGA INC	10,000	$28,000	0.0%	$2.80	—	CL A	98986T108
—	CITIGROUP INC	50,000	$4,000	0.0%	$0.08	—	*W EXP 10/28/201	172967234