Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	SPDR Technology Select Sector	900,213	$55.8M	3.7%	$61.98	$59.60	—	COM	81369y803
AAPL	Apple Inc	261,999	$41.33M	2.7%	$157.74 *	$20.78	+80.5%	COM	037833100
MSFT	Microsoft Corp	344,712	$35.01M	2.3%	$101.57 *	$39.03	+143.5%	COM	594918104
—	SPDR S&P 500 Index Trust Serie	137,721	$34.42M	2.3%	$249.92	$231.87	—	COM	78462f103
—	SPDR Health Care Select Sector	345,181	$29.86M	2.0%	$86.51	$76.46	—	COM	81369y209
—	SPDR Consumer Discretionary Se	278,108	$27.54M	1.8%	$99.01	$93.37	—	COM	81369y407
JNJ	Johnson & Johnson	209,692	$27.06M	1.8%	$129.05 *	$65.83	+61.0%	COM	478160104
—	Verizon Communications Inc	456,211	$25.65M	1.7%	$56.22	$49.94	—	COM	92343v104
CVX	Chevron Corp	233,809	$25.44M	1.7%	$108.79 *	$70.96	+12.7%	COM	166764100
COST	Costco Wholesale Corp	120,336	$24.51M	1.6%	$203.71 *	$99.04	+86.2%	COM	22160K105
ADP	Automatic Data Processing	179,420	$23.52M	1.6%	$131.12 *	$58.00	+94.9%	COM	053015103
WFC	Wells Fargo & Company	479,890	$22.11M	1.5%	$46.08 *	$30.12	+26.0%	COM	949746101
—	3M Company	113,141	$21.56M	1.4%	$190.54	$133.52	—	COM	88579y101
HD	Home Depot Inc	122,013	$20.96M	1.4%	$171.82 *	$85.78	+68.7%	COM	437076102
—	SPDR Financial Select Sector	796,166	$18.96M	1.3%	$23.82	$25.59	—	COM	81369y605
—	NextEra Energy Inc	108,285	$18.82M	1.2%	$173.82	$87.04	—	COM	65339f101
—	Waste Management Inc	199,330	$17.74M	1.2%	$88.99	$47.31	—	COM	94106l109
—	Crown Castle Intl Corp	162,743	$17.68M	1.2%	$108.63	$83.91	—	COM	22822v101
PG	Procter & Gamble Co	190,649	$17.52M	1.2%	$91.92 *	$57.05	+35.0%	COM	742718109
AMZN	Amazon.com Inc	11,449	$17.2M	1.1%	$1501.97 *	$51.63	+45.5%	COM	023135106
—	Wells Fargo 7.5. [email protected] .100	13,317	$16.8M	1.1%	$1261.92	$1206.73	—	PFD	949746804
DIS	Disney Co./Walt The	151,834	$16.65M	1.1%	$109.65 *	$80.48	+31.5%	COM	254687106
VTI	Vanguard Total Stock Market	130,087	$16.6M	1.1%	$127.63	$90.95	+40.3%	COM	922908769
INTC	Intel Corp	351,090	$16.48M	1.1%	$46.93 *	$17.99	+124.6%	COM	458140100
CLX	Clorox Company	105,855	$16.32M	1.1%	$154.14 *	$69.09	+81.6%	COM	189054109
MCD	McDonald's Corp	89,424	$15.88M	1.0%	$177.57 *	$72.19	+109.0%	COM	580135101
ECL	Ecolab Inc	104,465	$15.39M	1.0%	$147.35 *	$90.86	+50.6%	COM	278865100
—	SPDR Consumer Staples Select S	297,425	$15.1M	1.0%	$50.78	$50.00	—	COM	81369y308
—	SPDR Communication Services Se	347,718	$14.35M	0.9%	$41.28	$49.00	—	COM	81369y852
ABT	Abbott Laboratories	190,313	$13.77M	0.9%	$72.33 *	$29.64	+115.9%	COM	002824100
JPM	JPMorgan Chase & Co	139,809	$13.65M	0.9%	$97.62 *	$41.62	+92.8%	COM	46625H100
—	SPDR Industrial Select Sector	207,209	$13.35M	0.9%	$64.41	$66.51	—	COM	81369y704
NKE	Nike Inc -Cl B	178,995	$13.27M	0.9%	$74.14 *	$44.44	+52.3%	COM	654106103
O	Realty Income Corp	201,359	$12.69M	0.8%	$63.04 *	$26.63	+64.0%	COM	756109104
BA	Boeing Co	38,990	$12.57M	0.8%	$322.49 *	$261.80	+19.7%	COM	097023105
—	Visa Inc-Class A Shares	93,601	$12.35M	0.8%	$131.94	$123.09	—	COM	92826c839
KMB	Kimberly-Clark Corp	107,205	$12.21M	0.8%	$113.94 *	$74.09	+20.5%	COM	494368103
—	AbbVie Inc	127,901	$11.79M	0.8%	$92.19	$45.66	—	COM	00287y109
—	Alphabet Inc-Cl A	11,262	$11.77M	0.8%	$1044.93	$760.81	—	COM	02079k305
—	SPDR S&P Dividend	123,166	$11.03M	0.7%	$89.52	$71.15	—	COM	78464a763
—	SPDR Energy Select Sector	183,168	$10.51M	0.7%	$57.35	$66.83	—	COM	81369y506
—	Invesco Preferred ETF	773,706	$10.42M	0.7%	$13.47	$14.56	—	COM	46138e511
—	Vanguard Communication Service	133,740	$9.906M	0.7%	$74.07	$79.55	—	COM	92204a884
—	Walgreens Boots Alliance Inc	142,110	$9.71M	0.6%	$68.33	$77.36	—	COM	931427108
—	SPDR S&P MidCap 400 ETF Trust	31,813	$9.629M	0.6%	$302.68	$242.22	—	COM	78467y107
BMY	Bristol-Myers Squibb Co	177,592	$9.231M	0.6%	$51.98 *	$31.46	+26.1%	COM	110122108
FRCB	First Republic Bank/San Franci	101,742	$8.841M	0.6%	$86.90 *	$85.92	-1.7%	COM	33616C100
AMGN	Amgen Inc	45,238	$8.807M	0.6%	$194.68 *	$135.66	+15.8%	COM	031162100
UPS	United Parcel Service-Cl B	89,352	$8.714M	0.6%	$97.52 *	$64.34	+15.3%	COM	911312106
SBUX	Starbucks Corp	135,153	$8.704M	0.6%	$64.40 *	$39.71	+39.4%	COM	855244109
APD	Air Products & Chemicals Inc	52,297	$8.37M	0.6%	$160.05 *	$85.44	+58.5%	COM	009158106
—	Medtronic PLC	88,878	$8.084M	0.5%	$90.96	$78.34	—	COM	g5960l103
CSCO	Cisco Systems Inc	177,913	$7.709M	0.5%	$43.33 *	$20.03	+74.5%	COM	17275R102
—	DowDuPont Inc	140,347	$7.506M	0.5%	$53.48	$69.32	—	COM	26078j100
BAC	Bank of America Corp	303,161	$7.47M	0.5%	$24.64 *	$11.93	+74.3%	COM	060505104
DVY	iShares DJ Select Dividend Ind	83,469	$7.455M	0.5%	$89.31	$65.83	+35.7%	COM	464287168
GPC	Genuine Parts Co	76,128	$7.31M	0.5%	$96.02 *	$61.04	+28.6%	COM	372460105
EIX	Edison International	126,426	$7.177M	0.5%	$56.77 *	$40.00	+4.9%	COM	281020107
PFE	Pfizer Inc	157,590	$6.879M	0.5%	$43.65 *	$17.22	+74.6%	COM	717081103
—	BancOfCalifornia 7.375. Ca2020	267,836	$6.723M	0.4%	$25.10	$25.91	—	PFD	05990k882
—	Preferred Apartment Communitie	459,120	$6.455M	0.4%	$14.06	$12.16	—	COM	74039l103
—	CHS Chemical 7.50. Cl 1/2025 C	251,386	$6.35M	0.4%	$25.26	$27.63	—	PFD	12542r803
CL	Colgate-Palmolive Co	106,468	$6.337M	0.4%	$59.52 *	$48.10	+4.8%	COM	194162103
—	BankofAmerica .1000pv 7.25.Cnv	4,861	$6.088M	0.4%	$1252.42	$1232.22	—	PFD	060505682
—	Partner Re 7.25. Call 06/21 BB	236,668	$5.962M	0.4%	$25.19	$29.73	—	PFD	g68603144
—	Citigroup 7.125. Flt Aftr 9/23	227,497	$5.958M	0.4%	$26.19	$26.75	—	PFD	172967358
IVV	iShares S&P 500 Index Fund	23,486	$5.909M	0.4%	$251.60	$240.49	+4.6%	COM	464287200
DHR	Danaher Corp	56,646	$5.841M	0.4%	$103.11 *	$33.12	+167.6%	COM	235851102
XOM	Exxon Mobil Corp	84,127	$5.737M	0.4%	$68.19 *	$54.39	-9.4%	COM	30231G102
USB	U S Bancorp	125,339	$5.728M	0.4%	$45.70 *	$32.42	+5.7%	COM	902973304
—	Alphabet Inc-Cl C	5,483	$5.678M	0.4%	$1035.56	$654.98	—	COM	02079k107
—	Vanguard Info Tech ETF	33,121	$5.526M	0.4%	$166.84	$161.71	—	COM	92204a702
—	Gladstone 7.00. CUM Perp Call	235,363	$5.479M	0.4%	$23.28	$25.50	—	PFD	376536603
IBB	iShares Nasdaq Biotech Index F	55,539	$5.356M	0.4%	$96.44	$103.18	-6.5%	COM	464287556
PEP	PepsiCo Inc	47,336	$5.23M	0.3%	$110.49 *	$58.60	+52.5%	COM	713448108
—	Salesforce.Com Inc	37,183	$5.093M	0.3%	$136.97	$95.60	—	COM	79466l302
SWK	Stanley Black & Decker Inc	41,884	$5.015M	0.3%	$119.74 *	$63.60	+53.7%	COM	854502101
LMT	Lockheed Martin Corp	18,987	$4.971M	0.3%	$261.81 *	$150.63	+44.0%	COM	539830109
HON	Honeywell International Inc	36,639	$4.841M	0.3%	$132.13 *	$56.81	+89.6%	COM	438516106
WMT	Wal-Mart Stores Inc	51,691	$4.815M	0.3%	$93.15 *	$24.61	+13.7%	COM	931142103
SCHD	Schwab US Dividend Equity ETF	99,489	$4.673M	0.3%	$46.97 *	$13.28	+17.9%	COM	808524797
—	Invesco QQQ NASDAQ 100 Trust	29,938	$4.618M	0.3%	$154.25	$171.66	—	COM	46090e103
BRK/B	Berkshire Hathaway Inc-Cl B	22,052	$4.503M	0.3%	$204.20	$126.50	+61.4%	COM	084670702
VNO	Vornado Realty Trust	70,199	$4.354M	0.3%	$62.02	$89.90	—	COM	929042109
—	Accenture PLC-Cl A	30,155	$4.252M	0.3%	$141.00	$79.26	—	COM	g1151c101
—	Allergan plc (new)	31,650	$4.23M	0.3%	$133.65	$200.08	—	COM	g0177j108
CAT	Caterpillar Inc	31,674	$4.025M	0.3%	$127.08 *	$65.53	+66.4%	COM	149123101
—	SPDR Materials Select Sector	78,261	$3.954M	0.3%	$50.52	$53.68	—	COM	81369y100
PFF	iShares S&P US Preferred Stock	113,518	$3.886M	0.3%	$34.23	$40.03	-14.5%	COM	464288687
—	Merck & Co. Inc.	49,896	$3.813M	0.3%	$76.42	$52.21	—	COM	58933y105
LOW	Lowe's Cos Inc	40,686	$3.758M	0.2%	$92.37 *	$34.06	+138.3%	COM	548661107
—	Morgan Stanley 7.125.Flt 10/23	140,112	$3.695M	0.2%	$26.37	$27.80	—	PFD	61762v200
—	Raytheon Company	23,959	$3.674M	0.2%	$153.35	$155.52	—	COM	755111507
COP	ConocoPhillips	57,740	$3.6M	0.2%	$62.35 *	$41.45	+18.1%	COM	20825C104
—	Zimmer Biomet Holdings Inc	34,657	$3.595M	0.2%	$103.73	$103.68	—	COM	98956p102
—	JPMorgan 6.0. Perp/Call 8/23 -	3,615,000	$3.525M	0.2%	$0.98	$1.01	—	PFD	48126HAA8
—	National General 7.5. NA Cl Q	177,234	$3.522M	0.2%	$19.87	$25.50	—	PFD	636220857
—	BlueRock Residential Growth 8.	138,376	$3.501M	0.2%	$25.30	$25.45	—	PFD	09627j508
SRE	Sempra Energy	30,944	$3.348M	0.2%	$108.20 *	$34.52	+25.3%	COM	816851109
LLY	Eli Lilly & Co	28,893	$3.343M	0.2%	$115.70 *	$49.53	+112.6%	COM	532457108
PEG	Public Service Enterprise Grou	64,026	$3.333M	0.2%	$52.06 *	$26.01	+58.2%	COM	744573106
VOO	Vanguard S&P 500 ETF	13,830	$3.178M	0.2%	$229.79	$247.71	-7.2%	COM	922908363
—	Vanguard Consumer Discretionar	20,758	$3.125M	0.2%	$150.54	$148.83	—	COM	92204a108
—	Colony Capital 7.125. CUM Call	165,946	$3.063M	0.2%	$18.46	$23.20	—	PFD	19626g702
BDX	Becton Dickinson & Co	13,421	$3.024M	0.2%	$225.32 *	$113.22	+74.6%	COM	075887109
—	Sotherly Hotels 8. Cum Perp C	117,816	$2.917M	0.2%	$24.76	$25.89	—	PFD	83600c301
—	Unilever N V -NY Shares	53,664	$2.887M	0.2%	$53.80	$40.22	—	COM	904784709
MKC	McCormick & Co-Non Votung Shrs	20,724	$2.886M	0.2%	$139.26 *	$29.24	+108.6%	COM	579780206
—	WEC Energy Group Inc	41,574	$2.879M	0.2%	$69.25	$44.97	—	COM	92939u106
ELV	Anthem Inc	10,727	$2.817M	0.2%	$262.61 *	$107.20	+123.3%	COM	036752103
VYM	Vanguard High Div Yield	36,110	$2.816M	0.2%	$77.98	$66.40	+17.4%	COM	921946406
—	Travelers Cos Inc/The	23,340	$2.795M	0.2%	$119.75	$81.46	—	COM	89417e109
—	Quest USWest 7.0. SrNts 2/56 C	133,293	$2.758M	0.2%	$20.69	$26.25	—	PFD	74913g808
—	Partner Re 6.50.Perp Cal 4/202	110,320	$2.722M	0.2%	$24.67	$27.06	—	PFD	g68603136
GD	General Dynamics Corp	17,150	$2.696M	0.2%	$157.20 *	$67.65	+97.3%	COM	369550108
—	SPDR Utilities Select Sector	50,850	$2.691M	0.2%	$52.92	$51.09	—	COM	81369y886
—	Vanguard Financials ETF	44,009	$2.612M	0.2%	$59.35	$65.82	—	COM	92204a405
—	NVIDIA Corp	19,519	$2.606M	0.2%	$133.51	$225.65	—	COM	67066g104
UNH	UnitedHealth Group Inc	10,394	$2.589M	0.2%	$249.09 *	$86.54	+156.7%	COM	91324P102
—	Altria Group Inc	52,343	$2.585M	0.2%	$49.39	$38.28	—	COM	02209s103
—	Vanguard Industrials ETF	21,397	$2.576M	0.2%	$120.39	$130.90	—	COM	92204a603
—	Bank of America 5.20. Perp/Cal	2,665,000	$2.552M	0.2%	$0.96	$0.98	—	PFD	060505ED2
TD	Toronto Dominion Bank	50,959	$2.534M	0.2%	$49.73	$44.04	+12.9%	COM	891160509
—	B Riley Financial 7.50.SnNts D	105,475	$2.507M	0.2%	$23.77	$25.73	—	PFD	05580m306
—	Wachovia (WFC) Perp/Call 2/11	2,700,000	$2.43M	0.2%	$0.90	$0.98	—	PFD	92978AAA0
—	Varian Medical Systems Inc	21,109	$2.392M	0.2%	$113.32	$76.17	—	COM	92220P105
—	Linde PLC	15,309	$2.389M	0.2%	$156.05	$156.05	—	COM	g5494j103
—	Oracle Corp	52,816	$2.385M	0.2%	$45.16	$35.19	—	COM	68389x105
—	Prospect Cap 6.25. 6/24 SrNts	96,156	$2.352M	0.2%	$24.46	$25.50	—	PFD	74348t300
—	First Trust Mid Cap Growth Alp	63,981	$2.317M	0.2%	$36.21	$31.11	—	COM	33737m102
—	Bank of America 6.625. Prp/Cl9	91,020	$2.316M	0.2%	$25.44	$26.03	—	PFD	060505344
—	United Technologies Corp	21,379	$2.276M	0.2%	$106.46	$97.52	—	COM	913017109
CVS	CVS Health Corp	34,456	$2.258M	0.1%	$65.53 *	$53.62	-2.6%	COM	126650100
VO	Vanguard Mid-Cap	16,248	$2.245M	0.1%	$138.17 *	$24.60	+40.4%	COM	922908629
—	JPMorgan 7.9. Perp/Call 4/18 -	2,253,000	$2.225M	0.1%	$0.99	$1.09	—	PFD	46625HHA1
MAR	Marriott International-Cl A	20,463	$2.221M	0.1%	$108.54 *	$69.13	+48.7%	COM	571903202
—	L3 Technologies Inc	12,477	$2.167M	0.1%	$173.68	$190.45	—	COM	502413107
—	CAI Internatnl 8.50.Perp Cum Q	93,577	$2.145M	0.1%	$22.92	$24.80	—	PFD	12477x205
SCHB	Schwab US Broad Market ETF	35,493	$2.127M	0.1%	$59.93 *	$7.94	+25.8%	COM	808524102
OEF	iShares S&P 100 Index Fund	18,769	$2.093M	0.1%	$111.51	$85.75	+30.1%	COM	464287101
—	SPDR S&P Regional Banking	44,445	$2.08M	0.1%	$46.80	$55.56	—	COM	78464a698
—	Vanguard Energy ETF	26,802	$2.067M	0.1%	$77.12	$85.13	—	COM	92204a306
—	Vanguard Consumer Staples Vipe	15,311	$2.008M	0.1%	$131.15	$133.14	—	COM	92204a207
UNP	Union Pacific Corp	14,320	$1.979M	0.1%	$138.20 *	$81.39	+45.4%	COM	907818108
—	CoreEnergy 7.375. Pfd - Par Ca	83,556	$1.964M	0.1%	$23.51	$25.18	—	PFD	21870u304
OXY	Occidental Petroleum Corp	31,688	$1.945M	0.1%	$61.38 *	$57.86	-9.4%	COM	674599105
—	Quest USWestSnNotes 6.875. CL	97,445	$1.923M	0.1%	$19.73	$25.57	—	PFD	74913g105
KO	Coca-Cola Co/The	40,547	$1.92M	0.1%	$47.35 *	$28.89	+32.2%	COM	191216100
—	Laboratory Corp Of Amer Hldgs	15,110	$1.909M	0.1%	$126.34	$103.87	—	COM	50540r409
MS	Morgan Stanley	47,860	$1.898M	0.1%	$39.66 *	$25.01	+27.5%	COM	617446448
—	Cerner Corp	35,951	$1.885M	0.1%	$52.43	$66.75	—	COM	156782104
—	Brunswick SrNts 6.50. Call10/2	74,300	$1.868M	0.1%	$25.14	$25.14	—	PFD	117043406
—	National General 7.50.Call4/20	93,874	$1.865M	0.1%	$19.87	$24.95	—	PFD	636220808
—	NuStar Logistics 7.625.Nts Cl	78,157	$1.863M	0.1%	$23.84	$25.43	—	PFD	67059t204
VB	Vanguard Small-Cap Vipers	13,537	$1.787M	0.1%	$132.01	$93.55	+41.1%	COM	922908751
—	Digital Realty 7.375. Perp CUM	70,700	$1.782M	0.1%	$25.21	$27.11	—	PFD	253868871
—	Telephone & Data 6.875. Cl 11/	76,525	$1.772M	0.1%	$23.16	$25.58	—	PFD	879433845
—	Global Indemnity SrNts7.75. Ca	73,815	$1.763M	0.1%	$23.88	$25.74	—	PFD	g3933f121
—	BancOfCalifornia 7.00. Cal2021	70,550	$1.737M	0.1%	$24.62	$25.99	—	PFD	05990k874
—	Vanguard Health Care Vipers	10,548	$1.694M	0.1%	$160.60	$170.15	—	COM	92204a504
IYT	iShares DJ US Transport Index	10,136	$1.673M	0.1%	$165.06 *	$37.81	+9.1%	COM	464287192
—	AON Cap 8.205. 1/27 Non-Call B	57,644	$1.667M	0.1%	$28.92	$29.74	—	PFD	22532r101
AXP	American Express Co	17,407	$1.659M	0.1%	$95.31 *	$64.72	+33.8%	COM	025816109
—	Ladenburg Thalmann 7.25.SnNte	73,775	$1.658M	0.1%	$22.47	$24.79	—	PFD	50575q409
—	AT&T Inc	57,791	$1.649M	0.1%	$28.53	$35.81	—	COM	00206r102
—	Goldman 5.5. Flt Aftr 5/23 Cl	67,416	$1.631M	0.1%	$24.19	$24.49	—	PFD	38145g308
—	US Cellular 7.25. SrNts12/2064	68,702	$1.624M	0.1%	$23.64	$25.52	—	PFD	911684603
—	Ingersoll-Rand PLC	17,753	$1.62M	0.1%	$91.25	$65.13	—	COM	g47791101
—	Global Net Lease 7.25.Perp Cum	65,189	$1.609M	0.1%	$24.68	$25.29	—	PFD	379378300
IJH	iShares S&P Midcap 400	9,595	$1.593M	0.1%	$166.02 *	$24.31	+36.6%	COM	464287507
—	Colony Capital 7.50. CUM Call	78,454	$1.569M	0.1%	$20.00	$24.23	—	PFD	19626g405
—	Hartford Finl 7.875. 2042 call	57,199	$1.564M	0.1%	$27.34	$28.88	—	PFD	416518504
—	JPMorgan Chase 6.70.Perp CALLE	61,012	$1.55M	0.1%	$25.40	$26.02	—	PFD	48127a161
—	Cowen 7.75. Snr Notes 2033 Cl	65,425	$1.537M	0.1%	$23.49	$24.92	—	PFD	223622804
IBM	Intl Business Machines Corp	13,463	$1.53M	0.1%	$113.64 *	$117.43	-31.8%	COM	459200101
DE	Deere & Co	10,214	$1.524M	0.1%	$149.21 *	$72.34	+86.5%	COM	244199105
—	Capital One Finl 6.7.Prp Call	59,864	$1.518M	0.1%	$25.36	$26.40	—	PFD	14040h709
—	National General7.50.Call 7/20	75,011	$1.509M	0.1%	$20.12	$24.93	—	PFD	636220709
RHHBY	Roche Holdings LTD-Spons ADR	48,417	$1.505M	0.1%	$31.08	$34.33	-9.5%	COM	771195104
—	S&P Global Inc	8,820	$1.499M	0.1%	$169.95	$109.99	—	COM	78409v104
SCHM	Schwab US Mid-Cap ETF	29,977	$1.437M	0.1%	$47.94 *	$13.08	+22.1%	COM	808524508
—	Adobe Inc	6,343	$1.435M	0.1%	$226.23	$73.24	—	COM	00724f101
—	BlueRock Residential Growth 7.	59,544	$1.43M	0.1%	$24.02	$25.83	—	PFD	09627j748
—	Argo Group 6.5. Sr Notes Call	56,239	$1.403M	0.1%	$24.95	$25.17	—	PFD	040130205
AFL	Aflac Inc	30,511	$1.39M	0.1%	$45.56 *	$31.98	+20.8%	COM	001055102
—	GasLog Ltd 8.75. Ser A CUM QDI	54,502	$1.384M	0.1%	$25.39	$24.75	—	PFD	g37585117
—	US Bancorp 6.5. Flt Aftr 1/22	52,259	$1.384M	0.1%	$26.48	$27.45	—	PFD	902973833
—	Golar LNG 8.75. Perp QDI Call	58,163	$1.381M	0.1%	$23.74	$25.89	—	PFD	y2745c110
—	SPDR Gold Trust	11,338	$1.375M	0.1%	$121.27	$114.40	—	COM	78463v107
EMR	Emerson Electric Co	22,768	$1.36M	0.1%	$59.73 *	$42.53	+19.2%	COM	291011104
—	Cowen 7.35. Sn Notes 2027 Call	56,975	$1.355M	0.1%	$23.78	$25.66	—	PFD	223622705
—	SL Green Realty 6.5. Perp CUM	53,629	$1.353M	0.1%	$25.23	$24.66	—	PFD	78440x507
—	National General 7.625. Call9/	59,787	$1.351M	0.1%	$22.60	$24.18	—	PFD	636220873
—	TriState Capital Hlds 6.75. Pe	51,573	$1.34M	0.1%	$25.98	$25.87	—	PFD	89678f209
—	Invesco S&P Top 50	7,238	$1.302M	0.1%	$179.88	$192.50	—	COM	46137v233
ESS	Essex Property Trust Inc	5,289	$1.297M	0.1%	$245.23 *	$166.60	+15.9%	COM	297178105
—	Nisource 6.50. Perp QDI Call 3	51,470	$1.289M	0.1%	$25.04	$25.04	—	PFD	65473p881
—	SPDR Dow Jones Industrial Aver	5,471	$1.276M	0.1%	$233.23	$156.10	—	COM	78467x109
—	Check Point Software Tech	12,362	$1.269M	0.1%	$102.65	$81.51	—	COM	m22465104
—	Unilever Plc-Sponsored ADR	24,193	$1.264M	0.1%	$52.25	$41.01	—	COM	904767704
IYF	iShares DJ US Financial Sect	11,807	$1.256M	0.1%	$106.38 *	$36.15	+47.1%	COM	464287788
—	Charles Schwab 7. Perp/Call 2/	1,212,000	$1.248M	0.1%	$1.03	$1.12	—	PFD	808513AE5
—	EaglePoint Credit 6.625. Nts D	51,875	$1.244M	0.1%	$23.98	$24.59	—	PFD	269809505
—	Biogen Inc	4,099	$1.233M	0.1%	$300.81	$241.39	—	COM	09062x103
—	Chimera Investment Corp 7.75.	49,780	$1.221M	0.1%	$24.53	$25.10	—	PFD	16934q505
—	Broadcom Inc	4,794	$1.219M	0.1%	$254.28	$243.63	—	COM	11135f101
—	JPMorgan US Large Cap Diversif	18,741	$1.216M	0.1%	$64.88	$70.58	—	COM	46641q407
—	Goldman Sachs 5.7 Perp/Call 5/	1,215,000	$1.197M	0.1%	$0.99	$1.03	—	PFD	38148BAA6
SCHW	Schwab (Charles) Corp	28,361	$1.178M	0.1%	$41.54 *	$30.54	+23.1%	COM	808513105
—	iShares Core Dividend Growth	35,437	$1.176M	0.1%	$33.19	$30.68	—	COM	46434v621
—	Qwest Corp 6.5. Sr Note 9/56 C	61,375	$1.15M	0.1%	$18.74	$25.73	—	PFD	74913g881
—	Hanover Insurance6.35. Cl3/18	46,321	$1.149M	0.1%	$24.81	$25.02	—	PFD	410867204
—	GasLog Ltd 8.375. Ser A CUM QD	56,223	$1.143M	0.1%	$20.33	$25.64	—	PFD	y2687w124
—	Stanley Black & Decker Callabl	1,145,000	$1.13M	0.1%	$0.99	$1.02	—	PFD	854502AF8
—	Algonquin Power 6.875.Sr Note	44,875	$1.121M	0.1%	$24.98	$24.98	—	PFD	015857709
—	Hoegh LNG Partners 8.75. QDI	45,874	$1.11M	0.1%	$24.20	$25.64	—	PFD	y3262r118
—	AGNC Investment Corp 7.75. Per	43,836	$1.109M	0.1%	$25.30	$25.72	—	PFD	00123q302
VIG	Vanguard Dividend Appreciation	11,173	$1.094M	0.1%	$97.91	$84.76	+15.6%	COM	921908844
—	NewTek Business Svs 6.25. Nts	43,450	$1.086M	0.1%	$24.99	$25.44	—	PFD	652526500
EFA	iShares MSCI EAFE Index	18,313	$1.076M	0.1%	$58.76	$65.40	-10.1%	COM	464287465
—	Agilent Technologies Inc	15,899	$1.073M	0.1%	$67.49	$46.60	—	COM	00846u101
—	Citigroup Inc 5.95. Perp Call	1,150,000	$1.047M	0.1%	$0.91	$1.01	—	PFD	172967GD7
—	Sotherly Hotels 7.875. Cum Per	47,127	$1.032M	0.1%	$21.90	$25.18	—	PFD	83600c400
LULU	Lululemon Athletica Inc	8,475	$1.031M	0.1%	$121.65	$64.45	+88.7%	COM	550021109
—	Global Indmnty 7.875. Cl2022 b	42,650	$1.022M	0.1%	$23.96	$25.10	—	PFD	g3933f139
SYY	Sysco Corp	16,191	$1.015M	0.1%	$62.69 *	$34.54	+50.0%	COM	871829107
—	Wells Fargo 5.85.Flt Aftr 9/23	40,947	$1.006M	0.1%	$24.57	$25.39	—	PFD	949746556
—	Altaba Inc	17,188	$996K	0.1%	$57.95	$54.63	—	COM	021346101
—	PayPal Holdings Inc	11,820	$994K	0.1%	$84.09	$82.54	—	COM	70450y103
BMRC	Bank Of Marin Bancorp/CA	23,794	$981K	0.1%	$41.23 *	$23.14	+37.9%	COM	063425102
—	Facebook Inc	7,449	$976K	0.1%	$131.02	$113.04	—	COM	30303m102
MDLZ	Mondelez International	24,300	$973K	0.1%	$40.04 *	$24.15	+40.0%	COM	609207105
—	Tesla Inc	2,905	$967K	0.1%	$332.87	$208.57	—	COM	88160r101
—	JMP Group SrNts7.25. BBB- 11/2	44,850	$961K	0.1%	$21.43	$25.30	—	PFD	466273109
—	Vanguard Materials ETF	8,556	$948K	0.1%	$110.80	$118.02	—	COM	92204a801
—	Bank of NY Mellon - Call 6/20/	950,000	$929K	0.1%	$0.98	$1.01	—	PFD	064058AD2
—	Workday Inc-Class A	5,725	$914K	0.1%	$159.65	$120.13	—	COM	98138h101
—	Citigroup Tst 7.875. Cl2015 Li	34,545	$913K	0.1%	$26.43	$26.53	—	PFD	173080201
—	GasLog LP 8.625.fxd/flt Cum Q	41,511	$907K	0.1%	$21.85	$25.92	—	PFD	y2687w116
SO	Southern Co	20,541	$902K	0.1%	$43.91 *	$26.60	+25.3%	COM	842587107
—	Oxford Lane Cap6.75. Nts 6/202	35,684	$899K	0.1%	$25.19	$24.94	—	PFD	691543508
—	Comcast Corp-Cl A	25,611	$872K	0.1%	$34.05	$44.65	—	COM	20030n101
—	Chubb Ltd (new)	6,682	$863K	0.1%	$129.15	$119.31	—	COM	h1467j104
—	Dynagas LNG 9.0. QDI CUM cl 2	41,490	$855K	0.1%	$20.61	$17.93	—	PFD	Y2188b116
IWF	iShares Russell 1000 Growth	6,496	$850K	0.1%	$130.85 *	$24.50	+33.6%	COM	464287614
—	Enstar Group 7.0. Perp Call 9/	36,065	$844K	0.1%	$23.40	$25.78	—	PFD	29359u109
SHW	Sherwin Williams Co	2,139	$841K	0.1%	$393.17 *	$88.18	+39.7%	COM	824348106
IFF	Intl Flavors & Fragrances	6,250	$839K	0.1%	$134.24 *	$64.41	+73.5%	COM	459506101
—	Citigroup Inc Fix-to-Float Per	900,000	$833K	0.1%	$0.93	$1.01	—	PFD	172967GF2
PM	Philip Morris International	12,242	$817K	0.1%	$66.74 *	$51.28	-9.5%	COM	718172109
VRSK	Verisk Analytics Inc-Class A	7,415	$809K	0.1%	$109.10 *	$73.12	+42.5%	COM	92345Y106
—	iShares MSCI USA Quality Facto	10,102	$775K	0.1%	$76.72	$60.07	—	COM	46432f339
—	Target Corp	11,447	$757K	0.1%	$66.13	$70.57	—	COM	87612e106
—	Torchmark Crp 6.125. SubDebCal	30,050	$755K	0.0%	$25.12	$25.88	—	PFD	891027401
—	Wells Fargo & Company Perp/Cal	752,000	$744K	0.0%	$0.99	$1.08	—	PFD	949746PM7
—	VEREIT Inc 6.70. Perp CUM Cl 2	31,152	$737K	0.0%	$23.66	$25.39	—	PFD	92339v209
TMO	Thermo Fisher Scientific Inc	3,282	$735K	0.0%	$223.95	$157.40	+39.6%	COM	883556102
—	OFS Capital 6.375 SnNts 4/2025	30,000	$728K	0.0%	$24.27	$24.75	—	PFD	67103b308
—	Sunstone Hotel 6.95. Prp/Cl 3/	28,742	$726K	0.0%	$25.26	$25.81	—	PFD	867892606
—	Wells Fargo 6.375. Cl 12/19 BB	28,829	$722K	0.0%	$25.04	$25.70	—	PFD	94988n207
IOO	iShares S&P Global 100	16,882	$716K	0.0%	$42.41	$40.85	+3.8%	COM	464287572
—	Suntrust Bank 5.05. Call 2022-	815,000	$707K	0.0%	$0.87	$0.96	—	PFD	867914BN2
—	American Express Cp 5.2. - Cal	710,000	$699K	0.0%	$0.98	$1.01	—	PFD	025816BJ7
—	Invesco S&P Equal Weight	7,635	$698K	0.0%	$91.42	$102.01	—	COM	46137v357
—	Qwest Corp 6.75. SrNote 6/57 C	36,600	$695K	0.0%	$18.99	$24.44	—	PFD	74913g873
LEN	Lennar Corp-Cl A	17,758	$695K	0.0%	$39.14 *	$55.25	-37.0%	COM	526057104
ADM	Archer-Daniels-Midland Co	16,854	$691K	0.0%	$41.00 *	$30.47	+9.3%	COM	039483102
—	Invesco KBW Regional Bank ETF	15,275	$684K	0.0%	$44.78	$57.94	—	COM	46138e578
—	Citigroup 5.35. Perp/Call 5/23	765,000	$681K	0.0%	$0.89	$0.94	—	PFD	172967GR6
NSRGY	Nestle Sa-Spons ADR For Reg	8,243	$667K	0.0%	$80.92	$70.25	+15.2%	COM	641069406
—	MetLife Inc. 5.25. Call 6/15/2	685,000	$661K	0.0%	$0.96	$1.00	—	PFD	59156RBP2
—	Charles Schwab 4.625. Perp/Cal	705,000	$660K	0.0%	$0.94	$1.02	—	PFD	808513AP0
—	IberiaBank Corp 6.60. Call 5/1	25,663	$659K	0.0%	$25.68	$26.33	—	PFD	450828504
—	Fifth Third Bancorp 4.9. until	685,000	$654K	0.0%	$0.95	$1.00	—	PFD	316773CR9
—	Sotherly Hotels 7.25. SrNt2021	25,550	$649K	0.0%	$25.40	$26.01	—	PFD	83600e307
—	Fortinet Inc	9,140	$644K	0.0%	$70.46	$32.09	—	COM	34959e109
—	QTS Realty 7.125. Perp Cum Cl	27,956	$643K	0.0%	$23.00	$25.39	—	PFD	74736a202
GSLC	Goldman Sach Active Beta US La	12,746	$641K	0.0%	$50.29	$48.17	+4.4%	COM	381430503
—	SoCalEd 5.375. CUM cl 2025 QDI	31,451	$638K	0.0%	$20.29	$25.75	—	PFD	78409g206
—	Eaton Corp PLC	9,292	$638K	0.0%	$68.66	$68.06	—	COM	g29183103
—	Landenburg Thalman 7.00.SnNte	28,000	$628K	0.0%	$22.43	$24.56	—	PFD	50575q110
—	Global Medical RE 7.50. CUM Pe	25,649	$628K	0.0%	$24.48	$25.05	—	PFD	37957w203
—	ProLogis Inc	10,667	$626K	0.0%	$58.69	$41.91	—	COM	74340w103
FDL	First Trust Morningstar Divide	22,604	$616K	0.0%	$27.25	$21.09	+29.2%	COM	336917109
VEA	Vanguard Developed Mkts	16,425	$609K	0.0%	$37.08	$37.82	-1.9%	COM	921943858
—	FedEx Corp	3,754	$606K	0.0%	$161.43	$142.01	—	COM	31428x106
—	Keysight Technologies Inc	9,726	$604K	0.0%	$62.10	$42.34	—	COM	49338l103
—	Fidus Investment 5.875.Notes D	23,425	$603K	0.0%	$25.74	$25.46	—	PFD	316500206
—	Goldman Sachs 5. Perp/Call 11/	715,000	$602K	0.0%	$0.84	$0.93	—	PFD	38148BAD0
—	Two Harbors Investments 8.125.	22,829	$597K	0.0%	$26.15	$26.14	—	PFD	90187b200
—	Evergy Inc	10,508	$597K	0.0%	$56.81	$56.23	—	COM	30034w106
—	EaglePoint Credit 7.75.2022 CU	23,351	$592K	0.0%	$25.35	$25.26	—	PFD	269809109
—	Morgan Stanley 5.45. Perp/Call	600,000	$588K	0.0%	$0.98	$1.01	—	PFD	61761JQK8
—	Royal Dutch Shell Plc-ADR A	10,085	$588K	0.0%	$58.30	$58.19	—	COM	780259206
TXN	Texas Instruments Inc	6,183	$584K	0.0%	$94.45 *	$38.98	+98.7%	COM	882508104
—	Telephone & Data 7.0. Cl 3/16	24,552	$572K	0.0%	$23.30	$25.78	—	PFD	879433837
—	White Mountains Insurance Grou	663	$569K	0.0%	$858.22	$630.29	—	COM	g9618e107
—	Goldman Sachs 5.375 Perp/Call	590,000	$569K	0.0%	$0.96	$1.04	—	PFD	38148BAB4
—	Jernigan Capital 7.00. CUM PER	25,552	$562K	0.0%	$21.99	$23.25	—	PFD	476405204
ED	Consolidated Edison Inc	7,316	$559K	0.0%	$76.41 *	$48.28	+23.0%	COM	209115104
—	Duke Energy Corp	6,439	$556K	0.0%	$86.35	$70.97	—	COM	26441c204
—	UMH Properties 8.0. Perp Cum C	21,758	$555K	0.0%	$25.51	$26.31	—	PFD	903002301
—	General Electric Co	73,001	$553K	0.0%	$7.58	$24.35	—	COM	369604103
—	Gladstone Investment 6.25. CUM	22,040	$551K	0.0%	$25.00	$25.43	—	PFD	376546503
—	Colony Capital 7.125. CUM Call	29,622	$547K	0.0%	$18.47	$23.15	—	PFD	19626g504
CTAS	Cintas Corp	3,257	$547K	0.0%	$167.95 *	$23.75	+65.5%	COM	172908105
—	US Celllular SrNts 7.25. 2063	23,125	$545K	0.0%	$23.57	$25.49	—	PFD	911684504
—	Colony Capital 8.75. CUM Call	23,492	$544K	0.0%	$23.16	$25.95	—	PFD	19626g306
—	Ready Capital Sr 6.5. 4/2021BB	21,665	$544K	0.0%	$25.11	$25.62	—	PFD	75574u309
DOV	Dover Corp	7,659	$543K	0.0%	$70.90 *	$48.89	+31.0%	COM	260003108
—	So. Cal Edison 6.25. Perp/Call	565,000	$538K	0.0%	$0.95	$1.07	—	PFD	842400FU2
—	Citigroup Inc 6.125. Perp Call	550,000	$538K	0.0%	$0.98	$1.03	—	PFD	172967KD2
—	RLJ Lodging .1.95 [email protected] B-	21,719	$538K	0.0%	$24.77	$25.33	—	PFD	74965l200
—	Chimera Investment Corp 8. Cal	20,984	$536K	0.0%	$25.54	$25.44	—	PFD	16934q406
QCOM	Qualcomm Inc	9,327	$531K	0.0%	$56.93 *	$47.43	+1.3%	COM	747525103
—	Diageo Plc-Sponsored ADR	3,745	$531K	0.0%	$141.79	$115.23	—	COM	25243q205
AGG	iShares Barclays Agg Bond	4,975	$530K	0.0%	$106.53	$106.08	+0.4%	COM	464287226
—	Apollo Cmmrl Real Est 8.00. CU	21,422	$527K	0.0%	$24.60	$25.39	—	PFD	03762u501
—	NewTek Business Svs 7.50. Nts	20,511	$522K	0.0%	$25.45	$25.50	—	PFD	652526302
WSM	Williams-Sonoma Inc	10,300	$520K	0.0%	$50.49 *	$23.03	-5.9%	COM	969904101
IWD	iShares Russell 1000 Value	4,632	$514K	0.0%	$110.97	$116.61	-4.8%	COM	464287598
—	KKR Inc 6.75. Pfd Call 6/15/20	19,763	$511K	0.0%	$25.86	$26.06	—	PFD	48251w203
—	Ashford Hospitality 7.375. NR	27,337	$508K	0.0%	$18.58	$25.64	—	PFD	044103604
SAP	SAP SE-Sponsored ADR	5,096	$507K	0.0%	$99.49	$72.33	+37.6%	COM	803054204
—	Alibaba Group Holding-SP ADR	3,702	$507K	0.0%	$136.95	$156.19	—	COM	01609w102
SCHX	Schwab US Large-Cap ETF	8,449	$504K	0.0%	$59.65 *	$8.11	+22.8%	COM	808524201
CI	Cigna Corp	2,653	$504K	0.0%	$189.97 *	$190.77	-9.0%	COM	125523100
—	Braemar Hotels&Resorts 8.25. P	22,782	$497K	0.0%	$21.82	$21.82	—	PFD	10482b309
GILD	Gilead Sciences Inc	7,926	$496K	0.0%	$62.58 *	$54.89	-13.0%	COM	375558103
—	SPDR S&P Aerospace & Defense E	6,268	$495K	0.0%	$78.97	$74.58	—	COM	78464a631
—	CAI Internatnl 8.50.Perp Cum Q	21,700	$494K	0.0%	$22.76	$25.54	—	PFD	12477x304
VLO	Valero Energy Corp	6,571	$493K	0.0%	$75.03 *	$70.04	-19.6%	COM	91913Y100
IJR	iShares S&P SmallCap 600	7,110	$493K	0.0%	$69.34	$57.67	+20.2%	COM	464287804
—	American Homes 4Rent 6.50. Prp	21,689	$488K	0.0%	$22.50	$25.72	—	PFD	02665t702
TM	Toyota Motor Corp -Spon ADR	4,187	$486K	0.0%	$116.07	$115.85	+0.2%	COM	892331307
AEP	American Electric Power	6,482	$484K	0.0%	$74.67 *	$36.37	+60.5%	COM	025537101
IYW	iShares Goldman Sachs Tech I	2,979	$476K	0.0%	$159.79 *	$28.38	+40.9%	COM	464287721
IJJ	iShares S&P Midcap 400/Value	3,432	$475K	0.0%	$138.40 *	$55.55	+24.5%	COM	464287705
GS	Goldman Sachs Group Inc	2,842	$475K	0.0%	$167.14 *	$151.05	-6.0%	COM	38141G104
—	Morgan Stanley 6.875. Prp/Cl 1	18,275	$473K	0.0%	$25.88	$25.88	—	PFD	61763e207
—	Arlington Asset Inv 7.00. Cum	21,701	$472K	0.0%	$21.75	$24.72	—	PFD	041356601
—	MVC Capital 6.25. SrNts Due12/	18,750	$469K	0.0%	$25.01	$25.85	—	PFD	553829409
—	Intuitive Surgical Inc	971	$465K	0.0%	$478.89	$393.58	—	COM	46120e602
—	McKesson Corp	4,200	$464K	0.0%	$110.48	$158.39	—	COM	58155q103
VGK	Vanguard FTSE Europe ETF	9,550	$464K	0.0%	$48.59	$55.81	-12.9%	COM	922042874
—	iShares Evolved US Technology	19,889	$458K	0.0%	$23.03	$23.03	—	COM	46431w648
—	Invesco Mortgage 7.75.Perp CUM	18,726	$457K	0.0%	$24.40	$24.91	—	PFD	46131b209
—	Amtrust Financial 7.625.CUM QD	35,467	$454K	0.0%	$12.80	$25.17	—	PFD	032359705
—	HCP Inc REIT	16,111	$450K	0.0%	$27.93	$41.47	—	COM	40414l109
—	Just Energy 8.50.Perp Call3/20	24,200	$446K	0.0%	$18.43	$25.32	—	PFD	48213w200
—	B Riley Financial 7.50.SnNts d	17,745	$446K	0.0%	$25.13	$25.62	—	PFD	05580m207
—	Great Elm Capital 6.75.SnNts M	18,325	$445K	0.0%	$24.28	$24.29	—	PFD	390320406
—	Novartis Ag-ADR	5,168	$443K	0.0%	$85.72	$74.52	—	COM	66987v109
—	Atlas Finl SrNt 6.625. Cl 4/20	17,025	$440K	0.0%	$25.84	$25.64	—	PFD	g06207123
—	Bank of America 6.5. Prp Cl 1/	17,199	$437K	0.0%	$25.41	$25.64	—	PFD	060505310
ALL	Allstate Corp	5,269	$435K	0.0%	$82.56 *	$38.69	+81.2%	COM	020002101
—	Brunswick SrNts 6.625.Call10/2	18,100	$428K	0.0%	$23.65	$23.65	—	PFD	117043505
CINF	Cincinnati Financial Corp	5,506	$426K	0.0%	$77.37 *	$45.23	+43.2%	COM	172062101
—	Texas Capitl Bancshares6.50. 2	16,817	$423K	0.0%	$25.15	$26.01	—	PFD	882228307
—	Spark Energy 8.75. Call 2022 Q	22,882	$423K	0.0%	$18.49	$25.48	—	PFD	846511202
—	PennyMac Mtg 8.125. 2024 Libor	17,719	$421K	0.0%	$23.76	$25.18	—	PFD	70931t301
ITW	Illinois Tool Works	3,271	$414K	0.0%	$126.57 *	$75.78	+41.4%	COM	452308109
TJX	TJX Companies Inc	9,235	$413K	0.0%	$44.72 *	$35.75	+13.9%	COM	872540109
WABC	Westamerica Bancorportaion	7,415	$413K	0.0%	$55.70 *	$43.50	+1.8%	COM	957090103
VFC	VF Corporation	5,744	$410K	0.0%	$71.38 *	$73.27	-8.3%	COM	918204108
—	SPDR S&P Biotech ETF	5,710	$410K	0.0%	$71.80	$81.17	—	COM	78464a870
HRL	Hormel Foods Corp	9,575	$409K	0.0%	$42.72 *	$27.87	+27.0%	COM	440452100
—	CenterPoint Energy Inc	14,455	$408K	0.0%	$28.23	$23.91	—	COM	15189t107
—	Blackstone Group/The	13,569	$404K	0.0%	$29.77	$27.07	—	COM	09253u108
—	Regions Financial 6.375. Cl 12	15,582	$389K	0.0%	$24.96	$24.52	—	PFD	7591ep308
IEV	iShares S&P Europe 350	9,885	$387K	0.0%	$39.15	$45.31	-13.7%	COM	464287861
—	Priority Income Fund6.375.SnNt	15,925	$385K	0.0%	$24.18	$24.63	—	PFD	74274w103
—	M&T Bank 6.375. Cl 11/18 BBB-	384	$384K	0.0%	$1000.00	$969.18	—	PFD	55261f708
—	B Riley Financial 7.375.SnNtsD	15,500	$381K	0.0%	$24.58	$25.51	—	PFD	05580m504
IWM	iShares Russell 2000 Index Fun	2,780	$372K	0.0%	$133.81	$111.68	+19.9%	COM	464287655
—	Prudential PLC 6.75. PrpCl 9/0	14,677	$372K	0.0%	$25.35	$25.05	—	PFD	g7293h114
—	Total S A -Spon ADR	7,098	$370K	0.0%	$52.13	$59.49	—	COM	89151e109
—	ChickenSoup4Soul 9.75.QDI Call	15,092	$370K	0.0%	$24.52	$25.29	—	PFD	16842q209
MSI	Motorola Solutions Inc	3,190	$367K	0.0%	$115.05 *	$105.06	-0.2%	COM	620076307
—	Marathon Petroleum Corp	6,198	$366K	0.0%	$59.05	$60.23	—	COM	56585a102
—	Plymouth Industrial 7.50. CUM	16,460	$366K	0.0%	$22.24	$24.83	—	PFD	729640201
BAX	Baxter International Inc.	5,531	$364K	0.0%	$65.81 *	$41.14	+40.7%	COM	071813109
—	SPDR NYSE Technology ETF	6,114	$364K	0.0%	$59.54	$76.91	—	COM	78464a102
—	O'Reilly Automotive Inc	1,054	$363K	0.0%	$344.40	$347.01	—	COM	67103h107
CAG	Conagra Brands Inc	16,848	$360K	0.0%	$21.37 *	$17.71	-9.2%	COM	205887102
—	Voya Prime Rate Trust	80,056	$359K	0.0%	$4.48	$4.97	—	COM	92913a100
IHI	iShares DJ US Medical Device	1,731	$346K	0.0%	$199.88 *	$24.99	+33.3%	COM	464288810
—	Dominion Resources Inc/Va	4,773	$341K	0.0%	$71.44	$60.95	—	COM	25746u109
—	Citigroup Inc - Callable 11/15	350,000	$341K	0.0%	$0.97	$1.03	—	PFD	172967HZ7
—	Citigroup 5.875. Perp/Call 3/2	350,000	$340K	0.0%	$0.97	$1.01	—	PFD	172967JK8
—	US Cellular 6.95.SrNT 2060 Cl	15,125	$340K	0.0%	$22.48	$25.15	—	PFD	911684405
VNQ	Vanguard Real Estate ETF	4,560	$340K	0.0%	$74.56	$80.53	-7.4%	COM	922908553
IHF	iShares DJ US Health Car Pro	2,061	$340K	0.0%	$164.97 *	$22.50	+46.8%	COM	464288828
IGV	iShares S&P North American Tec	1,949	$338K	0.0%	$173.42 *	$38.33	-9.5%	COM	464287515
—	CHS Chemicals 7.875. Perp cl 2	12,997	$334K	0.0%	$25.70	$28.69	—	PFD	12542r308
—	Jacobs Engineering Group Inc	5,703	$333K	0.0%	$58.39	$53.87	—	COM	469814107
—	Crown Castle Intl 6.875. MndCo	313	$329K	0.0%	$1051.12	$1068.60	—	PFD	22822v309
WMB	Williams Cos Inc	14,903	$329K	0.0%	$22.08 *	$19.83	-24.6%	COM	969457100
—	Amtrust Financial 7.75. QDI Ca	25,296	$325K	0.0%	$12.85	$25.59	—	PFD	032359846
NSC	Norfolk Southern Corp	2,175	$325K	0.0%	$149.43 *	$63.71	+103.5%	COM	655844108
PDM	Piedmont Office Realty Trust	19,000	$324K	0.0%	$17.05	$17.05	—	COM	720190206
—	Blackrock Inc	823	$323K	0.0%	$392.47	$380.20	—	COM	09247x101
—	Horizon Technology Fin 6.25.Sr	12,950	$322K	0.0%	$24.86	$25.45	—	PFD	44045a300
LW	Lamb Weston Holdings Inc	4,354	$320K	0.0%	$73.50 *	$29.75	+122.1%	COM	513272104
C	Citigroup Inc	6,140	$320K	0.0%	$52.12 *	$41.65	-2.3%	COM	172967424
—	Brookfield Ppty 6.375. Call 2/	14,400	$319K	0.0%	$22.15	$24.25	—	PFD	11282x202
—	Dynagas LNG 8.75. QDI Perp Cal	17,685	$318K	0.0%	$17.98	$17.98	—	PFD	y2188b124
—	Enbridge Inc	10,071	$313K	0.0%	$31.08	$41.84	—	COM	29250n105
—	Edwards Lifesciences Corp	2,030	$311K	0.0%	$153.20	$174.14	—	COM	28176e108
—	MasterCard Inc-Class A	1,637	$309K	0.0%	$188.76	$157.05	—	COM	57636q104
—	1/100 Berkshire Hathaway A (10	100	$306K	0.0%	$3060.00	$5905.27	—	COM	084990175
—	VanEck Vectors Pharmaceutical	5,588	$306K	0.0%	$54.76	$57.57	—	COM	92189f692
—	CHS Chemicals 6.75. Perp cl 20	12,646	$304K	0.0%	$24.04	$25.72	—	PFD	12542r704
—	Eversource Energy	4,674	$304K	0.0%	$65.04	$50.99	—	COM	30040w108
—	US Bancorp - Callable 1/15/21	300,000	$298K	0.0%	$0.99	$1.01	—	PFD	902973AY2
—	Fanhua Inc-Sponsored ADR	13,404	$294K	0.0%	$21.93	$8.61	—	COM	30712a103
—	Xcel Energy Inc	5,971	$294K	0.0%	$49.24	$35.65	—	COM	98389b100
TSM	Taiwan Semiconductor-Sp ADR	7,966	$294K	0.0%	$36.91	$39.89	-7.5%	COM	874039100
—	JMP Group 8.00. SrDeb Due1/202	11,668	$291K	0.0%	$24.94	$25.43	—	PFD	46629u206
—	SPDR Real Estate Sector	9,221	$286K	0.0%	$31.02	$31.96	—	COM	81369y860
—	Chimera Investment Corp 8. Cal	11,228	$280K	0.0%	$24.94	$25.75	—	PFD	16934q307
—	Two Harbors Investments 7.625.	11,218	$278K	0.0%	$24.78	$26.00	—	PFD	90187b309
—	Customers Bk 7.00. Fx Flt Prp/	10,944	$272K	0.0%	$24.85	$26.62	—	PFD	23204g407
ROP	Roper Technologies Inc	1,010	$269K	0.0%	$266.34 *	$172.20	+48.4%	COM	776696106
CSX	CSX Corp	4,300	$267K	0.0%	$62.09 *	$13.76	+37.0%	COM	126408103
IYE	iShares DJ US Energy Sector	8,490	$265K	0.0%	$31.21	$37.88	-17.7%	COM	464287796
—	Ashford Hospitality 7.5. Calla	13,900	$264K	0.0%	$18.99	$25.12	—	PFD	044103885
—	Colony Capital 7.125. CUM Call	14,300	$264K	0.0%	$18.46	$23.14	—	PFD	19626g603
—	EBAY 6.00. Sr Notes Call 3/1/2	10,260	$261K	0.0%	$25.44	$25.74	—	PFD	278642202
PH	Parker-Hannifin Corp	1,748	$261K	0.0%	$149.31 *	$105.27	+27.6%	COM	701094104
AMAT	Applied Materials Inc	7,983	$261K	0.0%	$32.69 *	$39.07	-22.2%	COM	038222105
MASI	Masimo Corporation	2,415	$259K	0.0%	$107.25	$82.32	+30.4%	COM	574795100
—	Citigroup 6.875. BB Called 2/	10,174	$259K	0.0%	$25.46	$26.10	—	PFD	172967333
UDR	UDR Inc	6,500	$258K	0.0%	$39.69 *	$20.97	+46.0%	COM	902653104
—	Allstate 6.625. Prp/Cl 4/19 NC	10,198	$256K	0.0%	$25.10	$25.10	—	PFD	020002879
—	New York MtgTrust 7.875.Perp C	11,506	$255K	0.0%	$22.16	$24.03	—	PFD	649604808
DKS	Dick's Sporting Goods Inc	8,188	$255K	0.0%	$31.14 *	$37.00	-32.1%	COM	253393102
YUM	Yum! Brands Inc	2,761	$254K	0.0%	$92.00 *	$40.33	+100.4%	COM	988498101
—	WinTrust Financial 6.50. Call	10,088	$253K	0.0%	$25.08	$27.04	—	PFD	97650w405
EPD	Enterprise Products Partners	10,044	$247K	0.0%	$24.59	$47.94	—	COM	293792107
—	EaglePoint Credit 7.75. Due 10	9,727	$247K	0.0%	$25.39	$25.98	—	PFD	269809307
—	JPMorgan 5.3. Perp/Call 5/1/20	250,000	$246K	0.0%	$0.98	$1.03	—	PFD	46625HKK5
—	City Office REIT 6.625. CUM Ca	10,911	$246K	0.0%	$22.55	$24.86	—	PFD	178587200
EA	Electronic Arts Inc	3,043	$240K	0.0%	$78.87 *	$103.13	-25.6%	COM	285512109
—	GladstoneCapital(GLAD)6.125.5Y	10,000	$240K	0.0%	$24.00	$24.00	—	PFD	376535605
—	Arbor Realty 8.50. CUM Perp Ca	9,163	$240K	0.0%	$26.19	$25.65	—	PFD	038923801
—	Annaly Capital6.50.CUM Fix-Flo	10,019	$233K	0.0%	$23.26	$24.49	—	PFD	035710862
—	T Rowe Price Group Inc	2,497	$231K	0.0%	$92.51	$107.14	—	COM	74144t108
—	Quest Diagnostics	2,745	$229K	0.0%	$83.42	$61.00	—	COM	74834l100
STT	State Street Corp	3,606	$227K	0.0%	$62.95 *	$51.66	-2.5%	COM	857477103
OKE	ONEOK Inc	4,168	$225K	0.0%	$53.98 *	$32.45	+5.8%	COM	682680103
—	Reinsurance Group ofAmer 6.2.	9,000	$225K	0.0%	$25.00	$26.16	—	PFD	759351703
KLAC	KLA-Tencor Corporation	2,512	$225K	0.0%	$89.57 *	$84.23	-3.5%	COM	482480100
—	Allied Capital ARCC6.875. 4/47	9,045	$224K	0.0%	$24.77	$25.05	—	PFD	01903q207
—	Xylem Inc	3,360	$224K	0.0%	$66.67	$62.50	—	COM	98419m100
ZBRA	Zebra Technologies Corp-Cl A	1,400	$223K	0.0%	$159.29	$147.27	+8.1%	COM	989207105
KMX	CarMax Inc	3,500	$220K	0.0%	$62.86	$56.11	+11.8%	COM	143130102
—	Pebblebrook Hotel 6.375. Perp/	9,124	$219K	0.0%	$24.00	$24.00	—	PFD	70509v605
—	MFA Financial 7.5. Prp Cl 4/15	8,931	$217K	0.0%	$24.30	$24.91	—	PFD	55272x409
—	Kinder Morgan Inc	13,932	$214K	0.0%	$15.36	$32.96	—	COM	49456b101
VV	Vanguard Large-Cap Vipers ETF	1,855	$213K	0.0%	$114.82	$84.99	+35.1%	COM	922908637
—	Medical Properties Trust Inc	13,129	$211K	0.0%	$16.07	$12.50	—	COM	58463j304
—	Interpublic Group Of Cos Inc	10,149	$209K	0.0%	$20.59 *	$17.14	-9.1%	COM	460690100
—	Axos Finl 6.25.Sr Nts 2/2026 C	8,450	$209K	0.0%	$24.73	$25.80	—	PFD	05465c209
BK	Bank Of New York Mellon Corp	4,405	$207K	0.0%	$46.99 *	$35.63	+8.1%	COM	064058100
—	Pebblebrook Hotel 6.3. Perp/Ca	8,708	$205K	0.0%	$23.54	$23.54	—	PFD	70509v704
ROK	Rockwell Automation Inc	1,360	$205K	0.0%	$150.74 *	$142.53	-7.1%	COM	773903109
—	CHS Inc. 7.1. fxd to float in	8,257	$204K	0.0%	$24.71	$27.40	—	PFD	12542r506
—	CBS Corp Class B	4,664	$204K	0.0%	$43.74	$63.63	—	COM	124857202
—	Lam Research Corp	1,494	$203K	0.0%	$135.88	$110.44	—	COM	512807108
IVE	iShares S&P 500 Value Index Fu	2,000	$202K	0.0%	$101.00	$97.57	+3.7%	COM	464287408
—	Celgene Corp	3,129	$201K	0.0%	$64.24	$104.11	—	COM	151020104
—	Plains GP Holdings LP	10,000	$201K	0.0%	$20.10	$26.20	—	COM	72651a207
SYK	Stryker Corp	1,276	$200K	0.0%	$156.74 *	$147.88	-1.6%	COM	863667101
—	Starwood Property Trust	10,064	$198K	0.0%	$19.67	$19.67	—	COM	85571b105
—	State Street Corp Perp/Call 5.	200,000	$198K	0.0%	$0.99	$0.99	—	PFD	857477AQ6
—	Amtrust Financial 7.5. QDI Cal	15,384	$195K	0.0%	$12.68	$25.21	—	PFD	032359887
F	Ford Motor Co	12,405	$95,000	0.0%	$7.66 *	$8.11	-34.0%	COM	345370860
—	EMX Royalty Corp	53,000	$60,000	0.0%	$1.13	$1.13	—	COM	26873j107
—	Putnam Premier Income Trust	10,759	$50,000	0.0%	$4.65	$5.25	—	COM	746853100
EDTXF	Spectral Medical Inc	25,000	$5,000	0.0%	$0.20	$0.30	-33.4%	COM	847577103
—	Tri-Valley Corporation	30,600	$0	0.0%	$0.00	—	—	COM	895735108
—	Encounter Technologies Inc	62,000	$0	0.0%	$0.00	—	—	COM	29259j303