Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	38,684	$18.44M	4.4%	$13.16	+8.5%	COM	037833100
—	VODAFONE GROUP PLC NEW	414,650	$14.59M	3.5%	$28.74	—	SPONS ADR NEW	92857W209
CVX	CHEVRON CORP NEW	116,723	$14.18M	3.4%	$71.30	+2.5%	COM	166764100
VZ	VERIZON COMMUNICATIONS INC	280,960	$13.11M	3.1%	$27.04	-3.4%	COM	92343V104
PFE	PFIZER INC	435,492	$12.51M	3.0%	$16.46	-0.6%	COM	717081103
MRK	MERCK & CO INC NEW	241,453	$11.49M	2.7%	$30.02	+3.2%	COM	58933Y105
MSFT	MICROSOFT CORP	335,778	$11.18M	2.6%	$26.71	+1.1%	COM	594918104
—	E M C CORP MASS	434,175	$11.1M	2.6%	$23.62	—	COM	268648102
SLB	SCHLUMBERGER LTD	118,735	$10.49M	2.5%	$52.90	+11.5%	COM	806857108
MET	METLIFE INC	208,360	$9.783M	2.3%	$24.43	+17.9%	COM	59156R108
—	PALL CORP	123,875	$9.543M	2.3%	$66.43	—	COM	696429307
TMO	THERMO FISHER SCIENTIFIC INC	98,925	$9.116M	2.2%	$79.76	+8.8%	COM	883556102
—	GENERAL ELECTRIC CO	378,875	$9.051M	2.1%	$23.19	—	COM	369604103
JPM	JPMORGAN CHASE & CO	171,975	$8.889M	2.1%	$36.37	+5.9%	COM	46625H100
—	GABELLI DIVD & INCOME TR	445,075	$8.848M	2.1%	$19.31	—	COM	36242H104
—	GOOGLE INC	9,703	$8.499M	2.0%	$880.41	—	CL A	38259P508
—	KINDER MORGAN ENERGY PARTNER	99,450	$7.939M	1.9%	$85.40	—	UT LTD PARTNER	494550106
—	WILLIAMS PARTNERS L P	134,600	$7.118M	1.7%	$51.60	—	COM UNIT L P	96950F104
BA	BOEING CO	59,765	$7.022M	1.7%	$80.58	+13.6%	COM	097023105
XOM	EXXON MOBIL CORP	76,355	$6.57M	1.6%	$53.69	+0.9%	COM	30231G102
UPS	UNITED PARCEL SERVICE INC	61,075	$5.58M	1.3%	$56.99	+0.2%	CL B	911312106
DVN	DEVON ENERGY CORP NEW	92,580	$5.347M	1.3%	$37.06	+2.8%	COM	25179M103
ARCO	ARCOS DORADOS HOLDINGS INC	416,074	$4.93M	1.2%	$10.94	-10.8%	SHS CLASS -A -	G0457F107
JNJ	JOHNSON & JOHNSON	55,850	$4.842M	1.1%	$59.66	+6.5%	COM	478160104
—	FIRST TR MLP & ENERGY INCOME	245,300	$4.805M	1.1%	$20.17	—	COM	33739B104
—	MONSANTO CO NEW	42,900	$4.477M	1.1%	$100.07	—	COM	61166W101
—	APACHE CORP	51,595	$4.393M	1.0%	$83.82	—	COM	037411105
—	FIRST TR ENERGY INFRASTRCTR	201,568	$4.342M	1.0%	$23.81	—	COM	33738C103
KMI	KINDER MORGAN INC DEL	121,970	$4.338M	1.0%	$20.44	-1.3%	COM	49456B101
—	KKR & CO L P DEL	202,050	$4.158M	1.0%	$19.66	—	COM UNITS	48248M102
AXP	AMERICAN EXPRESS CO	54,350	$4.105M	1.0%	$59.62	+6.1%	COM	025816109
COP	CONOCOPHILLIPS	56,965	$3.96M	0.9%	$39.96	+11.3%	COM	20825C104
VEOEY	VEOLIA ENVIRONNEMENT	218,600	$3.742M	0.9%	$11.41	—	SPONSORED ADR	92334N103
—	DU PONT E I DE NEMOURS & CO	61,700	$3.613M	0.9%	$52.77	—	COM	263534109
RY	ROYAL BK CDA MONTREAL QUE	55,550	$3.567M	0.8%	$59.71	+4.0%	COM	780087102
ORCL	ORACLE CORP	107,529	$3.567M	0.8%	$27.58	-1.9%	COM	68389X105
BRK/B	BERKSHIRE HATHAWAY INC DEL	30,115	$3.418M	0.8%	$110.02	+4.9%	CL B NEW	084670702
—	EATON VANCE MUN BD FD	292,300	$3.379M	0.8%	$11.56	—	COM	27827X101
GS	GOLDMAN SACHS GROUP INC	21,315	$3.372M	0.8%	$120.06	+5.9%	COM	38141G104
TEVA	TEVA PHARMACEUTICAL INDS LTD	86,700	$3.276M	0.8%	$39.20	—	ADR	881624209
—	CALPINE CORP	161,600	$3.14M	0.7%	$21.23	—	COM NEW	131347304
DMLP	DORCHESTER MINERALS LP	127,300	$3.042M	0.7%	$24.49	—	COM UNIT	25820R105
DUK	DUKE ENERGY CORP NEW	44,604	$2.979M	0.7%	$41.83	-2.4%	COM NEW	26441C204
INTC	INTEL CORP	129,107	$2.959M	0.7%	$17.09	-1.1%	COM	458140100
EPD	ENTERPRISE PRODS PARTNERS L	47,348	$2.89M	0.7%	$62.15	—	COM	293792107
—	BLACKSTONE GROUP L P	113,700	$2.83M	0.7%	$21.06	—	COM UNIT LTD	09253U108
COST	COSTCO WHSL CORP NEW	24,437	$2.814M	0.7%	$86.56	+5.9%	COM	22160K105
MMM	3M CO	23,545	$2.812M	0.7%	$61.26	+7.7%	COM	88579Y101
DIS	DISNEY WALT CO	43,349	$2.796M	0.7%	$56.12	+1.5%	COM DISNEY	254687106
EBAY	EBAY INC	50,000	$2.79M	0.7%	$20.18	-1.1%	COM	278642103
IBM	INTERNATIONAL BUSINESS MACHS	13,784	$2.553M	0.6%	$118.94	-6.2%	COM	459200101
FRCB	FIRST REP BK SAN FRANCISCO C	51,500	$2.401M	0.6%	$38.08	+6.6%	COM	33616C100
—	FIRST TR ENERGY INCOME & GRW	73,069	$2.338M	0.6%	$33.98	—	COM	33738G104
T	AT&T INC	64,305	$2.175M	0.5%	$11.37	-3.6%	COM	00206R102
QCOM	QUALCOMM INC	31,850	$2.144M	0.5%	$45.34	+2.7%	COM	747525103
KO	COCA COLA CO	55,682	$2.109M	0.5%	$27.85	-3.9%	COM	191216100
PEP	PEPSICO INC	25,690	$2.042M	0.5%	$56.00	+1.4%	COM	713448108
SCHW	SCHWAB CHARLES CORP NEW	93,000	$1.966M	0.5%	$15.92	+18.0%	COM	808513105
NEM	NEWMONT MINING CORP	67,120	$1.886M	0.4%	$25.26	-10.5%	COM	651639106
SPPP	SPROTT PHYSICAL PLAT PALLAD	211,100	$1.881M	0.4%	$8.45	—	UNIT	85207Q104
AEM	AGNICO EAGLE MINES LTD	68,630	$1.817M	0.4%	$25.33	-8.9%	COM	008474108
MCD	MCDONALDS CORP	18,856	$1.814M	0.4%	$71.80	-1.7%	COM	580135101
CAT	CATERPILLAR INC DEL	20,875	$1.741M	0.4%	$61.55	+0.1%	COM	149123101
—	TYCO INTERNATIONAL LTD	49,200	$1.721M	0.4%	$32.95	—	SHS	H89128104
PHYS	SPROTT PHYSICAL GOLD TRUST	151,500	$1.67M	0.4%	$10.24	—	UNIT	85207H104
OFS	OFS CAP CORP	131,050	$1.659M	0.4%	$12.73	-5.1%	COM	67103B100
—	VANGUARD NAT RES LLC	58,100	$1.626M	0.4%	$27.99	—	COM UNIT	92205F106
—	UNILEVER N V	42,520	$1.604M	0.4%	$39.31	—	N Y SHS NEW	904784709
—	CENTURYLINK INC	51,100	$1.604M	0.4%	$35.34	—	COM	156700106
—	PETSMART INC	20,600	$1.571M	0.4%	$66.99	—	COM	716768106
—	ENERGY TRANSFER PRTNRS L P	26,800	$1.395M	0.3%	$50.52	—	UNIT LTD PARTN	29273R109
—	NORTHERN TIER ENERGY LP	70,400	$1.388M	0.3%	$24.02	—	COM UN REPR PART	665826103
CLX	CLOROX CO DEL	16,780	$1.371M	0.3%	$60.00	-1.1%	COM	189054109
—	CROWN CASTLE INTL CORP	18,548	$1.355M	0.3%	$72.41	—	COM	228227104
—	EL PASO PIPELINE PARTNERS L	32,100	$1.355M	0.3%	$43.68	—	COM UNIT LPI	283702108
XBFZX	BLACKROCK CALIF MUN INCOME T	95,340	$1.339M	0.3%	$14.82	—	SH BEN INT	09248E102
PG	PROCTER & GAMBLE CO	17,528	$1.325M	0.3%	$55.00	+2.2%	COM	742718109
ILMN	ILLUMINA INC	16,000	$1.293M	0.3%	$66.35	+15.3%	COM	452327109
MOS	MOSAIC CO NEW	29,220	$1.257M	0.3%	$36.35	0.0%	COM	61945C103
—	MEDTRONIC INC	22,700	$1.209M	0.3%	$51.48	—	COM	585055106
BMY	BRISTOL MYERS SQUIBB CO	25,946	$1.201M	0.3%	$28.67	+1.9%	COM	110122108
CVS	CVS CAREMARK CORPORATION	20,700	$1.175M	0.3%	$41.44	+3.2%	COM	126650100
PSLV	SPROTT PHYSICAL SILVER TR	131,200	$1.145M	0.3%	$7.72	—	TR UNIT	85207K107
—	TIME WARNER INC	17,350	$1.142M	0.3%	$57.80	—	COM NEW	887317303
NVS	NOVARTIS A G	14,100	$1.082M	0.3%	$70.71	—	SPONSORED ADR	66987V109
—	CARLYLE GROUP L P	40,000	$1.029M	0.2%	$25.63	—	COM UTS LTD PTN	14309L102
EOG	EOG RES INC	6,000	$1.016M	0.2%	$46.52	+21.2%	COM	26875P101
—	DIRECTV	16,650	$995K	0.2%	$59.76	—	COM	25490A309
—	THE ADT CORPORATION	23,700	$964K	0.2%	$39.83	—	COM	00101J106
CAKE	CHEESECAKE FACTORY INC	21,500	$945K	0.2%	$31.16	+8.4%	COM	163072101
ABBV	ABBVIE INC	20,600	$921K	0.2%	$26.55	+2.3%	COM	00287Y109
HAL	HALLIBURTON CO	19,050	$917K	0.2%	$33.21	+12.4%	COM	406216101
MAR	MARRIOTT INTL INC NEW	21,500	$904K	0.2%	$36.58	0.0%	CL A	571903202
WSM	WILLIAMS SONOMA INC	15,700	$882K	0.2%	$20.13	+8.0%	COM	969904101
—	RPX CORP	50,000	$877K	0.2%	$16.80	—	COM	74972G103
BMO	BANK MONTREAL QUE	13,050	$872K	0.2%	$36.25	+4.7%	COM	063671101
KMB	KIMBERLY CLARK CORP	8,770	$826K	0.2%	$63.06	-3.1%	COM	494368103
NTRS	NORTHERN TR CORP	15,150	$824K	0.2%	$40.35	+3.3%	COM	665859104
AWK	AMERICAN WTR WKS CO INC NEW	19,750	$815K	0.2%	$31.82	+0.9%	COM	030420103
—	PIMCO DYNAMIC CR INCOME FD	36,100	$803K	0.2%	$22.84	—	COM SHS	72202D106
—	QR ENERGY LP	49,100	$799K	0.2%	$17.59	—	UNIT LTD PRTNS	74734R108
META	FACEBOOK INC	15,750	$791K	0.2%	$25.44	+45.3%	CL A	30303M102
CHKP	CHECK POINT SOFTWARE TECH LT	13,950	$789K	0.2%	$48.11	+16.8%	ORD	M22465104
—	SODASTREAM INTERNATIONAL LTD	12,400	$773K	0.2%	$72.64	—	USD SHS	M9068E105
YUM	YUM BRANDS INC	10,600	$757K	0.2%	$38.97	+5.2%	COM	988498101
—	APOLLO GLOBAL MGMT LLC	26,000	$735K	0.2%	$24.12	—	CL A SHS	037612306
—	PENTAIR LTD	10,649	$692K	0.2%	$57.66	—	SHS	H6169Q108
ABT	ABBOTT LABS	20,400	$677K	0.2%	$28.85	-4.0%	COM	002824100
WMT	WAL-MART STORES INC	8,950	$662K	0.2%	$19.98	-1.0%	COM	931142103
—	ANNALY CAP MGMT INC	56,750	$657K	0.2%	$12.54	—	COM	035710409
—	BROOKFIELD MTG OPP INC FD IN	36,760	$623K	0.1%	$18.42	—	COM	112792106
—	NUANCE COMMUNICATIONS INC	33,100	$618K	0.1%	$18.52	—	COM	67020Y100
—	AIRCASTLE LTD	35,500	$618K	0.1%	$16.00	—	COM	G0129K104
HD	HOME DEPOT INC	8,030	$609K	0.1%	$56.23	+2.9%	COM	437076102
TROW	PRICE T ROWE GROUP INC	8,333	$599K	0.1%	$47.69	-0.3%	COM	74144T108
—	SPECTRA ENERGY PARTNERS LP	13,000	$570K	0.1%	$46.00	—	COM	84756N109
D	DOMINION RES INC VA NEW	9,106	$569K	0.1%	$34.53	+2.3%	COM	25746U109
WYNN	WYNN RESORTS LTD	3,400	$537K	0.1%	$106.96	+5.9%	COM	983134107
—	LORILLARD INC	11,950	$535K	0.1%	$43.68	—	COM	544147101
—	SANCHEZ ENERGY CORP	20,000	$528K	0.1%	$26.40	—	COM	79970Y105
PAA	PLAINS ALL AMERN PIPELINE L	10,000	$527K	0.1%	$54.25	—	UNIT LTD PARTN	726503105
—	DOUBLELINE INCOME SOLUTIONS	23,600	$518K	0.1%	$23.11	—	COM	258622109
SDLPEUR	SEADRILL PARTNERS LLC	15,000	$490K	0.1%	$29.33	—	COMUNIT REP LB	Y7545W109
ATR	APTARGROUP INC	8,000	$481K	0.1%	$46.93	+5.7%	COM	038336103
NVO	NOVO-NORDISK A S	2,800	$474K	0.1%	$155.00	—	ADR	670100205
FTNT	FORTINET INC	23,334	$473K	0.1%	$3.73	+8.6%	COM	34959E109
—	CEPHEID	12,000	$468K	0.1%	$34.42	—	COM	15670R107
AMGN	AMGEN INC	4,000	$448K	0.1%	$73.34	+5.0%	COM	031162100
—	BLACKROCK INC	1,625	$440K	0.1%	$256.79	—	COM	09247X101
PSX	PHILLIPS 66	6,893	$399K	0.1%	$40.44	-7.3%	COM	718546104
NSC	NORFOLK SOUTHERN CORP	5,000	$387K	0.1%	$57.67	-1.2%	COM	655844108
SBUX	STARBUCKS CORP	4,980	$383K	0.1%	$24.37	+16.0%	COM	855244109
BEN	FRANKLIN RES INC	7,500	$379K	0.1%	$29.22	-1.7%	COM	354613101
AMZN	AMAZON COM INC	1,210	$378K	0.1%	$13.58	+9.7%	COM	023135106
WFC	WELLS FARGO & CO NEW	9,120	$377K	0.1%	$27.36	+10.3%	COM	949746101
FCX	FREEPORT-MCMORAN COPPER & GO	11,300	$374K	0.1%	$24.50	+4.7%	COM	35671D857
NEE	NEXTERA ENERGY INC	4,551	$365K	0.1%	$14.15	+4.9%	COM	65339F101
—	EMERALD OIL INC	50,000	$359K	0.1%	$7.18	—	COM NEW	29101U209
ADP	AUTOMATIC DATA PROCESSING IN	4,750	$344K	0.1%	$45.09	+7.2%	COM	053015103
—	BLACKROCK MULTI-SECTOR INC T	20,000	$333K	0.1%	$17.57	—	COM	09258A107
—	NIELSEN HOLDINGS N V	9,000	$328K	0.1%	$33.58	—	COM	N63218106
GIS	GENERAL MLS INC	6,800	$326K	0.1%	$31.98	+2.9%	COM	370334104
—	TOTAL S A	5,250	$304K	0.1%	$48.79	—	SPONSORED ADR	89151E109
—	SUNOCO LOGISTICS PRTNRS L P	4,485	$298K	0.1%	$63.99	—	COM UNITS	86764L108
SNY	SANOFI	5,840	$296K	0.1%	$51.46	—	SPONSORED ADR	80105N105
—	SOTHEBYS	6,000	$295K	0.1%	$37.83	—	COM	835898107
UAMY	UNITED STATES ANTIMONY CORP	200,785	$279K	0.1%	$1.36	-12.6%	COM	911549103
ETR	ENTERGY CORP NEW	4,400	$278K	0.1%	$20.57	-2.3%	COM	29364G103
VTR	VENTAS INC	4,500	$277K	0.1%	$49.18	-12.8%	COM	92276F100
LLY	LILLY ELI & CO	5,450	$274K	0.1%	$42.21	-2.9%	COM	532457108
—	COMSTOCK MNG INC	150,000	$270K	0.1%	$1.80	—	COM	205750102
CHRW	C H ROBINSON WORLDWIDE INC	4,200	$250K	0.1%	$42.72	+2.5%	COM NEW	12541W209
—	BUCKEYE PARTNERS L P	3,745	$245K	0.1%	$70.23	—	UNIT LTD PARTN	118230101
ACN	ACCENTURE PLC IRELAND	3,256	$240K	0.1%	$63.81	-6.7%	SHS CLASS A	G1151C101
—	PRAXAIR INC	2,000	$240K	0.1%	$115.14	—	COM	74005P104
—	RESOLUTE ENERGY CORP	28,000	$234K	0.1%	$7.97	—	COM	76116A108
—	ROYAL DUTCH SHELL PLC	3,490	$229K	0.1%	$63.84	—	SPONS ADR A	780259206
—	MAGELLAN MIDSTREAM PRTNRS LP	3,930	$222K	0.1%	$54.45	—	COM UNIT RP LP	559080106
—	ZAIS FINL CORP	12,766	$221K	0.1%	$18.15	—	COM	98886K108
BUD	ANHEUSER BUSCH INBEV SA/NV	2,220	$220K	0.1%	$90.09	—	SPONSORED ADR	03524A108
EXPD	EXPEDITORS INTL WASH INC	5,000	$220K	0.1%	$35.28	0.0%	COM	302130109
—	HI-CRUSH PARTNERS LP	8,200	$216K	0.1%	$23.55	—	COM UNIT LTD	428337109
—	KKR FINL HLDGS LLC	20,000	$207K	0.0%	$10.35	—	COM	48248A306
—	FIFTH STREET FINANCE CORP	20,000	$206K	0.0%	$10.30	—	COM	31678A103
NKE	NIKE INC	2,680	$195K	0.0%	$27.95	0.0%	CL B	654106103
—	STRATEGIC HOTELS & RESORTS I	22,000	$191K	0.0%	$8.86	—	COM	86272T106
—	TCP CAP CORP	10,000	$162K	0.0%	$16.80	—	COM	87238Q103
—	SYNERGY RES CORP	15,000	$146K	0.0%	$9.73	—	COM	87164P103
—	PENNEY J C INC	15,000	$132K	0.0%	$8.80	—	COM	708160106
V	VISA INC	640	$122K	0.0%	$42.33	0.0%	COM CL A	92826C839
EMR	EMERSON ELEC CO	1,800	$116K	0.0%	$43.83	0.0%	COM	291011104
PSEC	PROSPECT CAPITAL CORPORATION	10,000	$112K	0.0%	$2.26	+6.9%	COM	74348T102
XPCKX	PIMCO CALIF MUN INCOME FD II	10,500	$95,000	0.0%	$9.81	—	COM	72200M108
—	FRONTIER COMMUNICATIONS CORP	21,264	$89,000	0.0%	$4.07	—	COM	35906A108
CL	COLGATE PALMOLIVE CO	1,330	$79,000	0.0%	$44.56	0.0%	COM	194162103
—	HALCON RES CORP	16,400	$73,000	0.0%	$5.67	—	COM NEW	40537Q209
—	ADCARE HEALTH SYSTEMS INC	17,640	$71,000	0.0%	$4.82	—	COM NEW	00650W300
—	STAR SCIENTIFIC INC	34,000	$65,000	0.0%	$1.38	—	COM	85517P101
—	EURASIAN MINERALS INC	50,000	$62,000	0.0%	$1.21	—	COM	29843R100
—	ZYNGA INC	10,000	$37,000	0.0%	$2.80	—	CL A	98986T108
—	CITIGROUP INC	50,000	$4,000	0.0%	$0.08	—	*W EXP 10/28/201	172967234