Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	36,714	$20.6M	4.6%	$13.16	+24.4%	COM	037833100
—	GOOGLE INC	13,648	$15.29M	3.4%	$949.86	—	CL A	38259P508
CVX	CHEVRON CORP NEW	118,110	$14.75M	3.3%	$71.31	+1.6%	COM	166764100
—	VODAFONE GROUP PLC NEW	374,048	$14.7M	3.3%	$28.74	—	SPONS ADR NEW	92857W209
PFE	PFIZER INC	412,425	$12.63M	2.8%	$16.46	+7.1%	COM	717081103
JPM	JPMORGAN CHASE & CO	203,097	$11.88M	2.6%	$36.87	+7.5%	COM	46625H100
MRK	MERCK & CO INC NEW	234,854	$11.75M	2.6%	$30.02	+4.2%	COM	58933Y105
VZ	VERIZON COMMUNICATIONS INC	236,384	$11.62M	2.6%	$27.04	-1.6%	COM	92343V104
—	E M C CORP MASS	455,422	$11.45M	2.6%	$23.69	—	COM	268648102
MET	METLIFE INC	207,090	$11.17M	2.5%	$24.43	+23.3%	COM	59156R108
MSFT	MICROSOFT CORP	294,328	$11.01M	2.5%	$26.71	+12.4%	COM	594918104
TMO	THERMO FISHER SCIENTIFIC INC	95,475	$10.63M	2.4%	$79.76	+19.9%	COM	883556102
SLB	SCHLUMBERGER LTD	112,035	$10.1M	2.3%	$52.90	+23.0%	COM	806857108
—	PALL CORP	114,933	$9.81M	2.2%	$66.43	—	COM	696429307
—	GABELLI DIVD & INCOME TR	436,450	$9.676M	2.2%	$19.31	—	COM	36242H104
—	GENERAL ELECTRIC CO	344,068	$9.644M	2.1%	$23.19	—	COM	369604103
BA	BOEING CO	57,965	$7.912M	1.8%	$80.58	+37.7%	COM	097023105
—	KINDER MORGAN ENERGY PARTNER	95,500	$7.703M	1.7%	$85.40	—	UT LTD PARTNER	494550106
UPS	UNITED PARCEL SERVICE INC	64,975	$6.828M	1.5%	$57.44	+12.2%	CL B	911312106
DVN	DEVON ENERGY CORP NEW	109,070	$6.748M	1.5%	$37.66	+9.0%	COM	25179M103
XOM	EXXON MOBIL CORP	65,097	$6.588M	1.5%	$53.69	+4.2%	COM	30231G102
—	FIRST TR MLP & ENERGY INCOME	257,400	$5.151M	1.1%	$20.17	—	COM	33739B104
—	KKR & CO L P DEL	207,250	$5.044M	1.1%	$19.78	—	COM UNITS	48248M102
AXP	AMERICAN EXPRESS CO	53,000	$4.809M	1.1%	$59.62	+16.2%	COM	025816109
EBAY	EBAY INC	87,460	$4.798M	1.1%	$19.98	-1.4%	COM	278642103
—	WILLIAMS PARTNERS L P	87,300	$4.44M	1.0%	$51.60	—	COM UNIT L P	96950F104
—	MONSANTO CO NEW	37,700	$4.394M	1.0%	$100.07	—	COM	61166W101
—	APACHE CORP	51,095	$4.391M	1.0%	$83.82	—	COM	037411105
GS	GOLDMAN SACHS GROUP INC	24,395	$4.324M	1.0%	$121.40	+7.6%	COM	38141G104
QCOM	QUALCOMM INC	57,600	$4.277M	1.0%	$47.58	+5.8%	COM	747525103
JNJ	JOHNSON & JOHNSON	46,562	$4.265M	1.0%	$59.66	+10.2%	COM	478160104
KMI	KINDER MORGAN INC DEL	117,070	$4.215M	0.9%	$20.44	-6.8%	COM	49456B101
—	FIRST TR ENERGY INFRASTRCTR	188,398	$3.924M	0.9%	$23.81	—	COM	33738C103
COP	CONOCOPHILLIPS	54,932	$3.881M	0.9%	$39.96	+21.1%	COM	20825C104
ORCL	ORACLE CORP	100,029	$3.827M	0.9%	$27.58	+4.4%	COM	68389X105
ARCO	ARCOS DORADOS HOLDINGS INC	309,750	$3.754M	0.8%	$10.94	-10.0%	SHS CLASS -A -	G0457F107
VOO	VANGUARD INDEX FDS	21,400	$3.62M	0.8%	$169.16	—	S&P 500 ETF SHS	922908363
EPD	ENTERPRISE PRODS PARTNERS L	54,348	$3.603M	0.8%	$62.69	—	COM	293792107
RY	ROYAL BK CDA MONTREAL QUE	53,550	$3.6M	0.8%	$59.71	+11.1%	COM	780087102
VEOEY	VEOLIA ENVIRONNEMENT	218,800	$3.58M	0.8%	$11.41	—	SPONSORED ADR	92334N103
—	CALPINE CORP	179,900	$3.51M	0.8%	$21.06	—	COM NEW	131347304
BRK/B	BERKSHIRE HATHAWAY INC DEL	29,386	$3.484M	0.8%	$110.02	+5.1%	CL B NEW	084670702
—	EATON VANCE MUN BD FD	303,500	$3.43M	0.8%	$11.55	—	COM	27827X101
INTC	INTEL CORP	129,557	$3.363M	0.7%	$17.09	+4.9%	COM	458140100
—	DU PONT E I DE NEMOURS & CO	49,300	$3.203M	0.7%	$52.77	—	COM	263534109
—	BLACKSTONE GROUP L P	101,600	$3.2M	0.7%	$21.06	—	COM UNIT LTD	09253U108
DIS	DISNEY WALT CO	41,149	$3.144M	0.7%	$56.12	+9.9%	COM DISNEY	254687106
DMLP	DORCHESTER MINERALS LP	116,300	$3.021M	0.7%	$24.49	—	COM UNIT	25820R105
DUK	DUKE ENERGY CORP NEW	41,604	$2.871M	0.6%	$41.83	+1.2%	COM NEW	26441C204
—	UNILEVER PLC	67,900	$2.797M	0.6%	$41.19	—	SPON ADR NEW	904767704
FRCB	FIRST REP BK SAN FRANCISCO C	52,500	$2.748M	0.6%	$38.24	+21.7%	COM	33616C100
IBM	INTERNATIONAL BUSINESS MACHS	13,868	$2.601M	0.6%	$118.94	-10.5%	COM	459200101
COST	COSTCO WHSL CORP NEW	21,436	$2.551M	0.6%	$86.56	+9.9%	COM	22160K105
SPPP	SPROTT PHYSICAL PLAT PALLAD	292,500	$2.539M	0.6%	$8.51	—	UNIT	85207Q104
SCHW	SCHWAB CHARLES CORP NEW	93,000	$2.418M	0.5%	$15.92	+29.8%	COM	808513105
—	FIRST TR ENERGY INCOME & GRW	73,103	$2.36M	0.5%	$33.98	—	COM	33738G104
MMM	3M CO	16,379	$2.297M	0.5%	$61.26	+18.6%	COM	88579Y101
KO	COCA COLA CO	54,239	$2.241M	0.5%	$27.85	-3.3%	COM	191216100
ILMN	ILLUMINA INC	19,900	$2.201M	0.5%	$71.30	+28.5%	COM	452327109
—	UNILEVER N V	53,883	$2.168M	0.5%	$39.50	—	N Y SHS NEW	904784709
PEP	PEPSICO INC	25,590	$2.122M	0.5%	$56.00	+3.1%	COM	713448108
—	ANNALY CAP MGMT INC	210,550	$2.099M	0.5%	$10.66	—	COM	035710409
T	AT&T INC	59,050	$2.076M	0.5%	$11.37	-1.7%	COM	00206R102
—	TYCO INTERNATIONAL LTD	49,200	$2.019M	0.5%	$32.95	—	SHS	H89128104
CAT	CATERPILLAR INC DEL	20,870	$1.895M	0.4%	$61.55	+1.8%	COM	149123101
MCD	MCDONALDS CORP	18,656	$1.81M	0.4%	$71.80	-2.5%	COM	580135101
—	VANGUARD NAT RES LLC	58,600	$1.73M	0.4%	$27.99	—	COM UNIT	92205F106
XBFZX	BLACKROCK CALIF MUN INCOME T	123,840	$1.694M	0.4%	$14.56	—	SH BEN INT	09248E102
—	NORTHERN TIER ENERGY LP	66,100	$1.626M	0.4%	$24.02	—	COM UN REPR PART	665826103
CVS	CVS CAREMARK CORPORATION	22,300	$1.596M	0.4%	$41.79	+10.8%	COM	126650100
—	PETSMART INC	20,300	$1.477M	0.3%	$66.99	—	COM	716768106
CLX	CLOROX CO DEL	15,880	$1.473M	0.3%	$60.00	+6.3%	COM	189054109
PG	PROCTER & GAMBLE CO	18,068	$1.471M	0.3%	$55.09	+5.3%	COM	742718109
—	ENERGY TRANSFER PRTNRS L P	25,500	$1.46M	0.3%	$50.52	—	UNIT LTD PARTN	29273R109
—	CROWN CASTLE INTL CORP	18,548	$1.362M	0.3%	$72.41	—	COM	228227104
BMY	BRISTOL MYERS SQUIBB CO	25,246	$1.342M	0.3%	$28.67	+19.2%	COM	110122108
—	MEDTRONIC INC	22,600	$1.297M	0.3%	$51.48	—	COM	585055106
—	CARLYLE GROUP L P	34,000	$1.211M	0.3%	$25.63	—	COM UTS LTD PTN	14309L102
SPY	SPDR S&P 500 ETF TR	6,390	$1.18M	0.3%	$184.66	—	TR UNIT	78462F103
AEM	AGNICO EAGLE MINES LTD	44,350	$1.17M	0.3%	$25.33	-13.7%	COM	008474108
ABBV	ABBVIE INC	21,800	$1.151M	0.3%	$26.76	+13.5%	COM	00287Y109
—	DIRECTV	16,550	$1.143M	0.3%	$59.76	—	COM	25490A309
NVS	NOVARTIS A G	14,100	$1.133M	0.3%	$70.71	—	SPONSORED ADR	66987V109
MAR	MARRIOTT INTL INC NEW	22,400	$1.105M	0.2%	$36.73	+9.7%	CL A	571903202
—	NUANCE COMMUNICATIONS INC	72,400	$1.1M	0.2%	$16.71	—	COM	67020Y100
—	PENTAIR LTD	13,451	$1.045M	0.2%	$61.83	—	SHS	H6169Q108
HAL	HALLIBURTON CO	19,400	$985K	0.2%	$33.35	+23.8%	COM	406216101
—	THE ADT CORPORATION	23,700	$959K	0.2%	$39.83	—	COM	00101J106
—	TIME WARNER INC	13,650	$952K	0.2%	$57.80	—	COM NEW	887317303
NTRS	NORTHERN TR CORP	15,150	$938K	0.2%	$40.35	+3.6%	COM	665859104
—	EL PASO PIPELINE PARTNERS L	25,433	$916K	0.2%	$43.68	—	COM UNIT LPI	283702108
WSM	WILLIAMS SONOMA INC	15,500	$903K	0.2%	$20.13	+4.8%	COM	969904101
—	PIMCO DYNAMIC CR INCOME FD	39,900	$897K	0.2%	$22.81	—	COM SHS	72202D106
CHKP	CHECK POINT SOFTWARE TECH LT	13,850	$893K	0.2%	$48.11	+25.0%	ORD	M22465104
OFS	OFS CAP CORP	68,650	$881K	0.2%	$12.73	-4.0%	COM	67103B100
BMO	BANK MONTREAL QUE	12,850	$857K	0.2%	$36.25	+14.8%	COM	063671101
PHYS	SPROTT PHYSICAL GOLD TRUST	84,850	$845K	0.2%	$10.24	—	UNIT	85207H104
—	RPX CORP	50,000	$845K	0.2%	$16.80	—	COM	74972G103
EOG	EOG RES INC	5,000	$839K	0.2%	$46.52	+34.0%	COM	26875P101
AIG	AMERICAN INTL GROUP INC	16,400	$837K	0.2%	$37.86	0.0%	COM NEW	026874784
—	POTASH CORP SASK INC	24,300	$801K	0.2%	$32.96	—	COM	73755L107
SDLPEUR	SEADRILL PARTNERS LLC	25,000	$775K	0.2%	$30.00	—	COMUNIT REP LB	Y7545W109
ABT	ABBOTT LABS	20,100	$770K	0.2%	$28.85	+1.3%	COM	002824100
TROW	PRICE T ROWE GROUP INC	8,333	$698K	0.2%	$47.69	+5.9%	COM	74144T108
—	AIRCASTLE LTD	35,500	$680K	0.2%	$16.00	—	COM	G0129K104
AWK	AMERICAN WTR WKS CO INC NEW	15,750	$666K	0.1%	$31.82	+2.9%	COM	030420103
WMT	WAL-MART STORES INC	8,450	$665K	0.1%	$19.98	+1.8%	COM	931142103
KMB	KIMBERLY CLARK CORP	6,344	$663K	0.1%	$63.06	+5.2%	COM	494368103
—	HERTZ GLOBAL HOLDINGS INC	22,400	$641K	0.1%	$28.62	—	COM	42805T105
—	BARRICK GOLD CORP	36,000	$635K	0.1%	$17.64	—	COM	067901108
—	LORILLARD INC	11,950	$606K	0.1%	$43.68	—	COM	544147101
—	SPECTRA ENERGY PARTNERS LP	13,000	$590K	0.1%	$46.00	—	COM	84756N109
D	DOMINION RES INC VA NEW	9,106	$589K	0.1%	$34.53	+12.1%	COM	25746U109
—	EMERALD OIL INC	73,100	$560K	0.1%	$7.33	—	COM NEW	29101U209
DEO	DIAGEO P L C	4,150	$550K	0.1%	$132.53	—	SPON ADR NEW	25243Q205
ATR	APTARGROUP INC	8,000	$542K	0.1%	$46.93	+14.3%	COM	038336103
HD	HOME DEPOT INC	6,480	$534K	0.1%	$56.23	+4.4%	COM	437076102
PSLV	SPROTT PHYSICAL SILVER TR	70,300	$532K	0.1%	$7.72	—	TR UNIT	85207K107
PSX	PHILLIPS 66	6,893	$532K	0.1%	$40.44	+7.4%	COM	718546104
NFLX	NETFLIX INC	1,417	$522K	0.1%	$4.91	0.0%	COM	64110L106
NVO	NOVO-NORDISK A S	2,800	$517K	0.1%	$155.00	—	ADR	670100205
—	BLACKROCK INC	1,625	$514K	0.1%	$256.79	—	COM	09247X101
SBUX	STARBUCKS CORP	6,480	$508K	0.1%	$25.95	+20.3%	COM	855244109
—	BROOKFIELD MTG OPP INC FD IN	30,160	$500K	0.1%	$18.42	—	COM	112792106
AMZN	AMAZON COM INC	1,210	$483K	0.1%	$13.58	+32.4%	COM	023135106
PAA	PLAINS ALL AMERN PIPELINE L	9,000	$466K	0.1%	$54.25	—	UNIT LTD PARTN	726503105
—	GOODRICH PETE CORP	27,000	$460K	0.1%	$17.04	—	COM NEW	382410405
PANW	PALO ALTO NETWORKS INC	8,010	$460K	0.1%	$7.92	0.0%	COM	697435105
AMGN	AMGEN INC	4,000	$456K	0.1%	$73.34	+10.6%	COM	031162100
NEM	NEWMONT MINING CORP	19,680	$453K	0.1%	$25.26	-21.9%	COM	651639106
FTNT	FORTINET INC	23,334	$446K	0.1%	$3.73	+4.5%	COM	34959E109
—	SANCHEZ ENERGY CORP	18,000	$441K	0.1%	$26.40	—	COM	79970Y105
BEN	FRANKLIN RES INC	7,500	$433K	0.1%	$29.22	+10.0%	COM	354613101
—	DOUBLELINE INCOME SOLUTIONS	20,200	$426K	0.1%	$23.11	—	COM	258622109
WFC	WELLS FARGO & CO NEW	9,120	$414K	0.1%	$27.36	+12.4%	COM	949746101
—	BLACKROCK MULTI-SECTOR INC T	24,000	$411K	0.1%	$17.50	—	COM	09258A107
ADP	AUTOMATIC DATA PROCESSING IN	4,750	$384K	0.1%	$45.09	+14.1%	COM	053015103
NEE	NEXTERA ENERGY INC	4,351	$373K	0.1%	$14.15	+8.1%	COM	65339F101
WDAY	WORKDAY INC	4,422	$368K	0.1%	$78.95	0.0%	CL A	98138H101
SNY	SANOFI	6,790	$364K	0.1%	$51.76	—	SPONSORED ADR	80105N105
—	NIELSEN HOLDINGS N V	7,500	$344K	0.1%	$33.58	—	COM	N63218106
NSC	NORFOLK SOUTHERN CORP	3,650	$339K	0.1%	$57.67	+13.9%	COM	655844108
—	SUNOCO LOGISTICS PRTNRS L P	4,485	$339K	0.1%	$63.99	—	COM UNITS	86764L108
UAMY	UNITED STATES ANTIMONY CORP	170,185	$335K	0.1%	$1.36	+27.1%	COM	911549103
—	SOTHEBYS	6,000	$319K	0.1%	$37.83	—	COM	835898107
—	COMSTOCK MNG INC	177,000	$310K	0.1%	$1.79	—	COM	205750102
—	QR ENERGY LP	18,000	$308K	0.1%	$17.59	—	UNIT LTD PRTNS	74734R108
—	UNITED TECHNOLOGIES CORP	2,640	$300K	0.1%	$113.64	—	COM	913017109
—	TOTAL S A	4,650	$285K	0.1%	$48.79	—	SPONSORED ADR	89151E109
—	KKR FINL HLDGS LLC	23,000	$280K	0.1%	$10.59	—	COM	48248A306
LLY	LILLY ELI & CO	5,450	$278K	0.1%	$42.21	-6.2%	COM	532457108
ACN	ACCENTURE PLC IRELAND	3,256	$268K	0.1%	$63.81	-3.6%	SHS CLASS A	G1151C101
—	BUCKEYE PARTNERS L P	3,745	$266K	0.1%	$70.23	—	UNIT LTD PARTN	118230101
CAKE	CHEESECAKE FACTORY INC	5,500	$265K	0.1%	$31.16	+18.2%	COM	163072101
—	PRAXAIR INC	2,000	$260K	0.1%	$115.14	—	COM	74005P104
VTR	VENTAS INC	4,500	$258K	0.1%	$49.18	-17.5%	COM	92276F100
—	RESOLUTE ENERGY CORP	28,000	$253K	0.1%	$7.97	—	COM	76116A108
—	ROYAL DUTCH SHELL PLC	3,490	$249K	0.1%	$63.84	—	SPONS ADR A	780259206
—	MAGELLAN MIDSTREAM PRTNRS LP	3,930	$247K	0.1%	$54.45	—	COM UNIT RP LP	559080106
CHRW	C H ROBINSON WORLDWIDE INC	4,200	$245K	0.1%	$42.72	+3.2%	COM NEW	12541W209
BUD	ANHEUSER BUSCH INBEV SA/NV	2,220	$236K	0.1%	$90.09	—	SPONSORED ADR	03524A108
—	HI-CRUSH PARTNERS LP	6,200	$235K	0.1%	$23.55	—	COM UNIT LTD	428337109
—	CENTURYLINK INC	7,100	$226K	0.1%	$35.34	—	COM	156700106
EXPD	EXPEDITORS INTL WASH INC	5,000	$221K	0.0%	$35.28	+5.5%	COM	302130109
—	STRATEGIC HOTELS & RESORTS I	22,000	$208K	0.0%	$8.86	—	COM	86272T106
—	FIFTH STREET FINANCE CORP	17,000	$157K	0.0%	$10.30	—	COM	31678A103
XPCKX	PIMCO CALIF MUN INCOME FD II	10,500	$94,000	0.0%	$9.81	—	COM	72200M108
—	ADCARE HEALTH SYSTEMS INC	17,640	$76,000	0.0%	$4.82	—	COM NEW	00650W300
—	FRONTIER COMMUNICATIONS CORP	10,356	$48,000	0.0%	$4.07	—	COM	35906A108
—	ZYNGA INC	10,000	$38,000	0.0%	$2.80	—	CL A	98986T108
—	CARDICA INC	15,000	$15,000	0.0%	$1.00	—	COM	14141R101