Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	MAGELLAN MIDSTREAM PRTNRS LP	3,349,728	$234M	7.2%	$69.74	$54.53	—	COM UNIT RP LP	559080106
ET	ENERGY TRANSFER EQUITY L P	4,286,548	$200M	6.1%	$46.75	$53.33	—	COM UT LTD PTN	29273V100
EPD	ENTERPRISE PRODS PARTNERS L	2,836,189	$197M	6.0%	$69.36	$62.13	—	COM	293792107
—	BUCKEYE PARTNERS L P	2,182,336	$164M	5.0%	$75.05	$69.96	—	UNIT LTD PARTN	118230101
PAA	PLAINS ALL AMERN PIPELINE L	2,674,060	$147M	4.5%	$55.12	$55.53	—	UNIT LTD PARTN	726503105
OKE	ONEOK INC NEW	2,454,687	$145M	4.5%	$59.25 *	$20.05	+45.1%	COM	682680103
WMB	WILLIAMS COS INC DEL	2,991,190	$121M	3.7%	$40.58 *	$18.02	+17.2%	COM	969457100
—	EL PASO PIPELINE PARTNERS L	3,645,074	$111M	3.4%	$30.39	$41.90	—	COM UNIT LPI	283702108
—	KINDER MORGAN MANAGEMENT LLC	1,290,890	$92.52M	2.8%	$71.67	$79.93	—	SHS	49455U100
—	SPECTRA ENERGY PARTNERS LP	1,654,470	$80.99M	2.5%	$48.95	$45.94	—	COM	84756N109
—	REGENCY ENERGY PARTNERS L P	2,916,742	$79.39M	2.4%	$27.22	$26.99	—	COM UNITS L P	75885y107
—	TEEKAY OFFSHORE PARTNERS L P	2,161,211	$70.72M	2.2%	$32.72	$32.49	—	PARTNERSHIP UN	Y8565J101
—	PLAINS GP HLDGS L P	2,458,869	$68.8M	2.1%	$27.98	$26.83	—	SHS A REP LTPN	72651A108
—	CRESTWOOD MIDSTREAM PARTNERS	2,833,072	$63.86M	2.0%	$22.54	$24.84	—	UNIT LTD PARTNER	226378107
—	DCP MIDSTREAM PARTNERS LP	1,272,917	$63.77M	2.0%	$50.10	$53.06	—	COM UT LTD PTN	23311P100
—	ENBRIDGE ENERGY MANAGEMENT L	2,211,953	$61.29M	1.9%	$27.71	$29.48	—	SHS UNITS LLI	29250X103
—	MARKWEST ENERGY PARTNERS L P	923,321	$60.31M	1.8%	$65.32	$66.76	—	UNIT LTD PARTN	570759100
—	SUMMIT MIDSTREAM PARTNERS LP	1,211,140	$51.9M	1.6%	$42.85	$34.15	—	COM UNIT LTD	866142102
—	MIDCOAST ENERGY PARTNERS L P	2,133,856	$44.06M	1.4%	$20.65	$19.67	—	COM UT LTD PTN	59564n103
—	SEADRILL PARTNERS LLC	1,354,038	$40.62M	1.2%	$30.00	$30.26	—	COMUNIT REP LB	y7545W109
—	QEP MIDSTREAM PARTNERS LP	1,587,191	$37.11M	1.1%	$23.38	$22.68	—	COM UNIT RP LTD	74735R115
—	WESTERN GAS PARTNERS LP	498,085	$32.97M	1.0%	$66.19	$64.89	—	COM UNIT LP IN	958254104
—	WILLIAMS PARTNERS L P	626,792	$31.93M	1.0%	$50.94	$51.62	—	COM UNIT L P	96950F104
KNOP	KNOT OFFSHORE PARTNERS LP	1,024,336	$29.3M	0.9%	$28.60 *	$8.45	+24.8%	COM UNITS	Y48125101
—	LINNCO LLC	925,931	$25.05M	0.8%	$27.05	$29.78	—	COMSHS LTD INT	535782106
—	TC PIPELINES LP	504,597	$24.18M	0.7%	$47.93	$48.31	—	UT COM LTD PRT	87233Q108
—	TARGA RES CORP	226,679	$22.5M	0.7%	$99.26	$66.54	—	COM	87612g101
—	NUSTAR GP HOLDINGS LLC	642,444	$21.87M	0.7%	$34.04	$26.73	—	UNIT RESTG LLC	67059L102
DLNG	DYNAGAS LNG PARTNERS LP	1,006,172	$21.8M	0.7%	$21.67	$22.46	—	COM UNIT LTD PT	Y2188B108
—	ATLAS PIPELINE PARTNERS LP	631,460	$20.28M	0.6%	$32.11	$37.00	—	UNIT L P INT	049392103
—	CAPITAL PRODUCT PARTNERS L P	1,687,706	$18.48M	0.6%	$10.95	$9.54	—	COM UNIT LP	y11082107
KMI	KINDER MORGAN INC DEL	521,800	$16.95M	0.5%	$32.49 *	$19.86	-9.7%	COM	49456B101
AAPL	APPLE INC	30,437	$16.34M	0.5%	$536.75 *	$13.16	+27.3%	COM	037833100
—	CREDIT SUISSE NASSAU BRH	491,900	$15.7M	0.5%	$31.92	$29.70	—	EQL WGT MLP LKD	22542d852
—	GOLAR LNG PARTNERS LP	504,318	$15.08M	0.5%	$29.90	$32.11	—	COM UNIT LPI	Y2745C102
MGA	MAGNA INTL INC	156,231	$15.05M	0.5%	$96.31 *	$26.61	+31.0%	COM	559222401
—	BT GROUP PLC	235,534	$15.04M	0.5%	$63.85	$46.99	—	ADR	05577E101
—	NGL ENERGY PARTNERS LP	382,223	$14.35M	0.4%	$37.53	$30.34	—	COM UNIT REPST	62913m107
—	EXXON MOBIL CORP	141,990	$13.87M	0.4%	$97.68	$90.35	—	COM	30231g102
—	SEMGROUP CORP	209,011	$13.73M	0.4%	$65.68	$58.85	—	CL A	81663a105
AIG	AMERICAN INTL GROUP INC	274,050	$13.71M	0.4%	$50.01 *	$32.51	+17.3%	COM NEW	026874784
—	SPECTRA ENERGY CORP	368,245	$13.6M	0.4%	$36.94	$35.23	—	COM	847560109
—	TEEKAY CORPORATION	238,103	$13.39M	0.4%	$56.24	$42.45	—	COM	Y8564W103
—	AETNA INC NEW	172,181	$12.91M	0.4%	$74.97	$63.54	—	COM	00817y108
ING	ING GROEP N V	894,766	$12.75M	0.4%	$14.25	$13.12	+8.6%	SPONSORED ADR	456837103
—	TOTAL S A	184,960	$12.13M	0.4%	$65.60	$48.70	—	SPONSORED ADR	89151e109
—	ENLINK MIDSTREAM LLC	333,107	$11.31M	0.3%	$33.94	$33.94	—	COM UNIT REP LTD	29336t100
—	JPMORGAN CHASE & CO	239,980	$11.17M	0.3%	$46.54	$46.15	—	ALERIAN ML ETN	46625H365
—	SHIRE PLC	75,017	$11.14M	0.3%	$148.53	$95.10	—	SPONSORED ADR	82481r106
—	SOUTHCROSS ENERGY PARTNERS L	651,142	$11.04M	0.3%	$16.95	$16.95	—	COM UNIT LTDPT	84130C100
KO	COCA COLA CO	274,235	$10.6M	0.3%	$38.66 *	$27.85	-4.0%	COM	191216100
—	JPMORGAN CHASE & CO	174,469	$10.59M	0.3%	$60.71	$52.51	—	COM	46625h100
—	GOOGLE INC	9,386	$10.46M	0.3%	$1114.53	$880.36	—	CL A	38259P508
—	UBS AG JERSEY BRANCH	181,300	$10.22M	0.3%	$56.37	$55.15	—	2XMN ALR MLP INF	902664200
—	WISDOMTREE TR	215,452	$10.2M	0.3%	$47.34	$46.19	—	JAPN HEDGE EQT	97717w851
IX	ORIX CORP	142,786	$10.06M	0.3%	$70.47	$71.54	-1.5%	SPONSORED ADR	686330101
—	MERCK & CO INC NEW	173,750	$9.864M	0.3%	$56.77	$46.45	—	COM	58933y105
NVO	NOVO-NORDISK A S	205,153	$9.365M	0.3%	$45.65	$33.29	+37.1%	ADR	670100205
EAT	BRINKER INTL INC	177,487	$9.309M	0.3%	$52.45 *	$32.07	+35.7%	COM	109641100
BRK/B	BERKSHIRE HATHAWAY INC DEL	72,358	$9.043M	0.3%	$124.98	$110.02	+13.6%	CL B NEW	084670702
—	ARC LOGISTICS PARTNERS LP	425,000	$9.01M	0.3%	$21.20	$21.90	—	COM UT REP LPN	03879n101
—	EQT MIDSTREAM PARTNERS LP	127,978	$9.001M	0.3%	$70.33	$49.81	—	UNIT LTD PARTN	26885b100
—	STARZ	271,058	$8.75M	0.3%	$32.28	$22.10	—	COM SER A	85571q102
—	ENERGY TRANSFER PRTNRS L P	160,740	$8.646M	0.3%	$53.79	$51.99	—	UNIT LTD PARTN	29273r109
PM	PHILIP MORRIS INTL INC	102,503	$8.392M	0.3%	$81.87 *	$49.85	-8.1%	COM	718172109
—	WISDOMTREE TR	133,971	$8.377M	0.3%	$62.53	$54.67	—	EUROPE SMCP DV	97717w869
—	ROYAL DUTCH SHELL PLC	114,039	$8.332M	0.3%	$73.06	$63.80	—	SPONS ADR A	780259206
HON	HONEYWELL INTL INC	88,848	$8.242M	0.3%	$92.77 *	$53.13	+23.0%	COM	438516106
JNJ	JOHNSON & JOHNSON	83,508	$8.203M	0.3%	$98.23 *	$59.66	+18.8%	COM	478160104
—	HEWLETT PACKARD CO	251,506	$8.139M	0.2%	$32.36	$32.36	—	COM	428236103
—	UBS AG LONDON BRH	274,685	$8.048M	0.2%	$29.30	$28.68	—	ETRAC ALER MLP	90267b682
—	SUNTRUST BKS INC	202,244	$8.047M	0.2%	$39.79	$31.57	—	COM	867914103
—	TRW AUTOMOTIVE HLDGS CORP	98,210	$8.016M	0.2%	$81.62	$81.62	—	COM	87264S106
—	NOVARTIS A G	93,318	$7.934M	0.2%	$85.02	$70.71	—	SPONSORED ADR	66987v109
—	CELGENE CORP	55,755	$7.783M	0.2%	$139.59	$161.26	—	COM	151020104
—	SANOFI	148,189	$7.747M	0.2%	$52.28	$51.51	—	SPONSORED ADR	80105n105
BTI	BRITISH AMERN TOB PLC	68,835	$7.67M	0.2%	$111.43	$110.10	+1.2%	SPONSORED ADR	110448107
SMFG	SUMITOMO MITSUI FINL GROUP I	850,983	$7.361M	0.2%	$8.65	$8.93	-3.1%	SPONSORED ADR	86562M209
HIG	HARTFORD FINL SVCS GROUP INC	200,969	$7.088M	0.2%	$35.27 *	$25.67	+7.4%	COM	416515104
—	DEUTSCHE BANK AG	153,349	$6.875M	0.2%	$44.83	$41.95	—	NAMEN AKT	d18190898
—	CANADIAN PAC RY LTD	44,956	$6.763M	0.2%	$150.44	$121.38	—	COM	13645t100
QCOM	QUALCOMM INC	83,650	$6.597M	0.2%	$78.86 *	$45.06	+25.9%	COM	747525103
TDG	TRANSDIGM GROUP INC	35,071	$6.495M	0.2%	$185.20 *	$70.58	+43.0%	COM	893641100
—	VALE S A	520,161	$6.476M	0.2%	$12.45	$14.21	—	ADR REPSTG PFD	91912e204
—	YAHOO INC	179,095	$6.43M	0.2%	$35.90	$25.13	—	COM	984332106
—	TALLGRASS ENERGY PARTNERS LP	174,400	$6.35M	0.2%	$36.41	$21.00	—	COM UNIT	874697105
—	BROOKFIELD RESIDENTIAL PPTYS	302,067	$6.334M	0.2%	$20.97	$22.06	—	COM	11283W104
—	GASLOG LTD	271,400	$6.321M	0.2%	$23.29	$13.61	—	SHS	g37585109
—	HANESBRANDS INC	82,625	$6.319M	0.2%	$76.48	$51.42	—	COM	410345102
IGSB	ISHARES	59,375	$6.263M	0.2%	$105.48 *	$52.48	+0.5%	1-3 YR CR BD ETF	464288646
—	NUSTAR ENERGY LP	113,646	$6.245M	0.2%	$54.95	$45.86	—	UNIT COM	67058H102
CVX	CHEVRON CORP NEW	52,235	$6.211M	0.2%	$118.90 *	$71.30	+1.3%	COM	166764100
RIO	RIO TINTO PLC	107,468	$6M	0.2%	$55.83	$51.15	+9.1%	SPONSORED ADR	767204100
BUD	ANHEUSER BUSCH INBEV SA/NV	55,758	$5.871M	0.2%	$105.29	$95.27	+10.5%	SPONSORED ADR	03524A108
IWM	ISHARES	50,000	$5.817M	0.2%	$116.34	$115.36	+0.9%	RUSSELL 2000 ETF	464287655
—	CAPITAL ONE FINL CORP	75,150	$5.799M	0.2%	$77.17	$62.81	—	COM	14040h105
—	AEGON N V	628,940	$5.786M	0.2%	$9.20	$8.78	—	NY REGISTRY SH	007924103
—	VODAFONE GROUP PLC NEW	153,856	$5.663M	0.2%	$36.81	$36.81	—	SPNSR ADR NO PAR	92857w308
WMT	WAL-MART STORES INC	72,971	$5.577M	0.2%	$76.43 *	$19.98	+1.5%	COM	931142103
HSBC	HSBC HLDGS PLC	106,841	$5.431M	0.2%	$50.83	$54.30	-6.4%	SPON ADR NEW	404280406
—	GENERAL ELECTRIC CO	209,750	$5.43M	0.2%	$25.89	$23.19	—	COM	369604103
—	BARCLAYS BK PLC	181,900	$5.408M	0.2%	$29.73	$28.67	—	IPATH S&P MLP	06742A750
VC	VISTEON CORP	60,415	$5.343M	0.2%	$88.44 *	$44.51	+14.5%	COM NEW	92839U206
—	CISCO SYS INC	233,075	$5.224M	0.2%	$22.41	$24.33	—	COM	17275r102
SLB	SCHLUMBERGER LTD	52,393	$5.108M	0.2%	$97.49 *	$52.90	+33.7%	COM	806857108
—	ST JUDE MED INC	75,816	$4.958M	0.2%	$65.40	$45.63	—	COM	790849103
HD	HOME DEPOT INC	60,930	$4.821M	0.1%	$79.12 *	$56.05	+7.4%	COM	437076102
—	MORGAN STANLEY	268,050	$4.777M	0.1%	$17.82	$18.06	—	CUSHNG MLP ETN	61760e846
HMC	HONDA MOTOR LTD	133,453	$4.716M	0.1%	$35.34	$38.81	-9.0%	AMERN SHS	438128308
—	DIRECTV	61,378	$4.691M	0.1%	$76.43	$61.64	—	COM	25490a309
—	GRAN TIERRA ENERGY INC	625,735	$4.68M	0.1%	$7.48	$7.32	—	COM	38500t101
CVS	CVS CAREMARK CORPORATION	60,486	$4.528M	0.1%	$74.86 *	$41.65	+30.2%	COM	126650100
—	ALLEGION PUB LTD CO	85,700	$4.471M	0.1%	$52.17	$50.53	—	ORD SHS	g0176j109
—	CHECK POINT SOFTWARE TECH LT	65,865	$4.454M	0.1%	$67.62	$50.01	—	ORD	m22465104
—	BROOKFIELD ASSET MGMT INC	100,906	$4.122M	0.1%	$40.85	$36.02	—	CL A LTD VT SH	112585104
PG	PROCTER & GAMBLE CO	50,646	$4.082M	0.1%	$80.60 *	$55.00	+5.3%	COM	742718109
—	NATIONAL GRID PLC	58,015	$3.988M	0.1%	$68.74	$56.68	—	SPON ADR NEW	636274300
DIS	DISNEY WALT CO	49,731	$3.982M	0.1%	$80.07 *	$56.11	+28.3%	COM DISNEY	254687106
—	ENBRIDGE ENERGY PARTNERS L P	144,454	$3.959M	0.1%	$27.41	$30.49	—	COM	29250R106
FMC	F M C CORP	51,577	$3.949M	0.1%	$76.57 *	$40.72	+26.9%	COM NEW	302491303
ORANY	ORANGE	268,190	$3.94M	0.1%	$14.69	$13.04	+12.6%	SPONSORED ADR	684060106
—	SUNOCO LOGISTICS PRTNRS L P	42,901	$3.899M	0.1%	$90.88	$63.95	—	COM UNITS	86764L108
—	BARCLAYS PLC	240,609	$3.778M	0.1%	$15.70	$17.28	—	ADR	06738e204
PEP	PEPSICO INC	45,095	$3.765M	0.1%	$83.49 *	$56.00	+4.9%	COM	713448108
—	PRICELINE COM INC	3,139	$3.741M	0.1%	$1191.78	$1191.78	—	COM NEW	741503403
INTC	INTEL CORP	141,654	$3.657M	0.1%	$25.82 *	$16.91	+14.6%	COM	458140100
WFC	WELLS FARGO & CO NEW	72,607	$3.611M	0.1%	$49.73 *	$27.36	+30.7%	COM	949746101
SAP	SAP AG	44,068	$3.583M	0.1%	$81.31	$77.74	+4.6%	SPON ADR	803054204
—	NATIONAL OILWELL VARCO INC	45,867	$3.572M	0.1%	$77.88	$68.89	—	COM	637071101
IP	INTL PAPER CO	77,847	$3.572M	0.1%	$45.88 *	$26.03	+1.2%	COM	460146103
SU	SUNCOR ENERGY INC NEW	101,629	$3.553M	0.1%	$34.96 *	$19.64	+18.6%	COM	867224107
SIEGY	SIEMENS A G	25,872	$3.497M	0.1%	$135.17	$104.90	+28.8%	SPONSORED ADR	826197501
RIG	TRANSOCEAN LTD	84,369	$3.488M	0.1%	$41.34	$50.97	-18.9%	REG SHS	H8817H100
—	UBS AG JERSEY BRH	89,900	$3.287M	0.1%	$36.56	$35.74	—	LKD ALRN NTGAS	902641620
FMX	FOMENTO ECONOMICO MEXICANO S	34,714	$3.237M	0.1%	$93.25	$111.23	-16.2%	SPON ADR UNITS	344419106
MSI	MOTOROLA SOLUTIONS INC	49,723	$3.197M	0.1%	$64.30 *	$47.42	+11.7%	COM NEW	620076307
CPA	COPA HOLDINGS SA	21,999	$3.194M	0.1%	$145.19 *	$87.82	+15.6%	CL A	P31076105
NWS	NEWS CORP NEW	188,770	$3.152M	0.1%	$16.70 *	$14.24	+3.4%	CL B	65249B208
—	INGERSOLL-RAND PLC	54,930	$3.144M	0.1%	$57.24	$55.74	—	SHS	g47791101
C	CITIGROUP INC	65,375	$3.112M	0.1%	$47.60 *	$35.76	-0.9%	COM NEW	172967424
—	EVEREST RE GROUP LTD	19,093	$2.922M	0.1%	$153.04	$128.25	—	COM	g3223r108
—	CHENIERE ENERGY PTNRS LP HLD	132,512	$2.861M	0.1%	$21.59	$21.59	—	COM REP LLC IN	16411w108
—	TRANSCANADA CORP	46,800	$2.13M	0.1%	$45.51	$45.51	—	COM	89353d107
ENB	ENBRIDGE INC	46,700	$2.125M	0.1%	$45.50 *	$22.78	+5.8%	COM	29250N105
—	HESS CORP	24,705	$2.048M	0.1%	$82.90	$83.02	—	COM	42809h107
MSFT	MICROSOFT CORP	47,702	$1.955M	0.1%	$40.98 *	$26.94	+27.2%	COM	594918104
OXY	OCCIDENTAL PETE CORP DEL	19,548	$1.863M	0.1%	$95.30 *	$57.83	+11.0%	COM	674599105
PFE	PFIZER INC	53,078	$1.705M	0.1%	$32.12 *	$16.46	+13.4%	COM	717081103
—	TEEKAY LNG PARTNERS L P	40,493	$1.674M	0.1%	$41.34	$43.69	—	PRTNRSP UNITS	y8564m105
SNN	SMITH & NEPHEW PLC	21,600	$1.652M	0.1%	$76.48	$58.43	+30.9%	SPDN ADR NEW	83175M205
EFA	ISHARES	22,786	$1.531M	0.0%	$67.19	$61.14	+9.9%	MSCI EAFE ETF	464287465
SPY	SPDR S&P 500 ETF TR	8,114	$1.517M	0.0%	$186.96	$161.08	+16.1%	TR UNIT	78462F103
—	ALTRIA GROUP INC	37,311	$1.397M	0.0%	$37.44	$34.98	—	COM	02209s103
—	POWERSHARES QQQ TRUST	15,550	$1.363M	0.0%	$87.65	$79.07	—	UNIT SER 1	73935a104
FMS	FRESENIUS MED CARE AG&CO KGA	37,756	$1.316M	0.0%	$34.86	$34.81	+0.1%	SPONSORED ADR	358029106
—	STATOIL ASA	44,351	$1.252M	0.0%	$28.23	$21.38	—	SPONSORED ADR	85771P102
—	PHILIPPINE LONG DISTANCE TEL	19,200	$1.172M	0.0%	$61.04	$66.10	—	SPONSORED ADR	718252604
EMR	EMERSON ELEC CO	16,886	$1.128M	0.0%	$66.80 *	$40.02	+21.6%	COM	291011104
VWO	VANGUARD INTL EQUITY INDEX F	25,000	$1.014M	0.0%	$40.56	$39.56	+2.6%	FTSE EMR MKT ETF	922042858
—	VERIZON COMMUNICATIONS INC	19,262	$916K	0.0%	$47.55	$47.55	—	COM	92343v104
—	MARINE HARVEST ASA	70,000	$801K	0.0%	$11.44	$11.44	—	SPONSORED ADR	56824r205
BIIB	BIOGEN IDEC INC	2,600	$795K	0.0%	$305.77	$213.68	+43.1%	COM	09062X103
NTTYY	NIPPON TELEG & TEL CORP	25,125	$684K	0.0%	$27.22	$25.32	+7.6%	SPONSORED ADR	654624105
—	METLIFE INC	12,955	$684K	0.0%	$52.80	$45.74	—	COM	59156r108
—	ONEOK PARTNERS LP	12,410	$665K	0.0%	$53.59	$49.88	—	UNIT LTD PARTN	68268n103
EEM	ISHARES	14,713	$603K	0.0%	$40.98	$39.59	+3.6%	MSCI EMG MKT ETF	464287234
—	ANADARKO PETE CORP	7,000	$593K	0.0%	$84.71	$85.87	—	COM	032511107
—	UNITED TECHNOLOGIES CORP	4,714	$551K	0.0%	$116.89	$92.87	—	COM	913017109
—	CONOCOPHILLIPS	7,438	$523K	0.0%	$70.31	$60.48	—	COM	20825c104
—	3M CO	3,845	$522K	0.0%	$135.76	$109.25	—	COM	88579y101
—	NOBLE ENERGY INC	7,100	$504K	0.0%	$70.99	$61.39	—	COM	655044105
OTEX	OPEN TEXT CORP	10,000	$477K	0.0%	$47.70 *	$17.00	+9.4%	COM	683715106
—	USA MOBILITY INC	24,500	$445K	0.0%	$18.16	$18.16	—	COM	90341G103
—	ELBIT SYS LTD	7,001	$426K	0.0%	$60.85	$42.14	—	ORD	m3760d101
—	MAIDEN HOLDINGS LTD	33,800	$422K	0.0%	$12.49	$10.93	—	SHS	g5753u112
—	CLECO CORP NEW	8,200	$415K	0.0%	$50.61	$46.46	—	COM	12561W105
KMB	KIMBERLY CLARK CORP	3,700	$408K	0.0%	$110.27 *	$63.06	+12.9%	COM	494368103
—	TRANSMONTAIGNE PARTNERS L P	9,420	$406K	0.0%	$43.10	$41.93	—	COM UNIT L P	89376v100
—	PANHANDLE OIL AND GAS INC	9,300	$406K	0.0%	$43.66	$43.66	—	CL A	698477106
ADP	AUTOMATIC DATA PROCESSING IN	5,105	$394K	0.0%	$77.18 *	$45.09	+16.4%	COM	053015103
—	AGRIUM INC	4,000	$390K	0.0%	$97.50	$86.96	—	COM	008916108
KMPR	KEMPER CORP DEL	9,946	$390K	0.0%	$39.21	$32.74	+19.6%	COM	488401100
SENEA	SENECA FOODS CORP NEW	12,300	$387K	0.0%	$31.46	$30.18	+4.3%	CL A	817070501
—	CALLON PETE CO DEL	45,700	$383K	0.0%	$8.38	$8.38	—	COM	13123X102
—	ABBVIE INC	7,350	$378K	0.0%	$51.43	$41.35	—	COM	00287y109
—	CASTLE A M & CO	25,738	$378K	0.0%	$14.69	$14.69	—	COM	148411101
—	U S CONCRETE INC	15,900	$374K	0.0%	$23.52	$23.52	—	COM NEW	90333L201
—	ORACLE CORP	8,850	$362K	0.0%	$40.90	$33.50	—	COM	68389x105
—	AERCAP HOLDINGS NV	8,500	$359K	0.0%	$42.24	$38.35	—	SHS	n00985106
NSC	NORFOLK SOUTHERN CORP	3,680	$358K	0.0%	$97.28 *	$57.67	+30.0%	COM	655844108
—	APACHE CORP	4,313	$358K	0.0%	$83.00	$83.70	—	COM	037411105
—	PHOTOMEDEX INC	22,491	$356K	0.0%	$15.83	$15.83	—	COM PAR $0.01	719358301
ZEUS	OLYMPIC STEEL INC	12,400	$356K	0.0%	$28.71	$28.18	+1.8%	COM	68162K106
USLM	UNITED STATES LIME & MINERAL	6,300	$355K	0.0%	$56.35 *	$11.30	-0.4%	COM	911922102
—	DIAGEO P L C	2,800	$349K	0.0%	$124.64	$115.00	—	SPON ADR NEW	25243q205
—	CELLCOM ISRAEL LTD	25,300	$349K	0.0%	$13.79	$11.79	—	SHS	m2196u109
—	ORBOTECH LTD	22,550	$347K	0.0%	$15.39	$12.59	—	ORD	M75253100
GIFI	GULF ISLAND FABRICATION INC	15,944	$345K	0.0%	$21.64 *	$20.11	0.0%	COM	402307102
—	HOWARD HUGHES CORP	2,400	$343K	0.0%	$142.92	$112.08	—	COM	44267d107
NVMI	NOVA MEASURING INSTRUMENTS L	30,533	$342K	0.0%	$11.20	$8.93	+25.5%	COM	M7516K103
—	GIANT INTERACTIVE GROUP INC	29,000	$336K	0.0%	$11.59	$8.00	—	ADR	374511103
—	EXACTECH INC	14,859	$335K	0.0%	$22.55	$22.55	—	COM	30064E109
NICE	NICE SYS LTD	7,500	$335K	0.0%	$44.67	$36.70	+21.7%	SPONSORED ADR	653656108
—	HAWAIIAN TELCOM HOLDCO INC	11,700	$333K	0.0%	$28.46	$28.46	—	COM	420031106
ITRN	ITURAN LOCATION AND CONTROL	13,296	$332K	0.0%	$24.97	$16.54	+50.8%	SHS	M6158M104
—	FBR & CO	12,800	$331K	0.0%	$25.86	$25.86	—	COM NEW	30247C400
CIG	COMPANHIA ENERGETICA DE MINA	48,668	$331K	0.0%	$6.80	$7.31	-7.0%	SP ADR N-V PFD	204409601
—	HANDY & HARMAN LTD	14,900	$328K	0.0%	$22.01	$22.01	—	COM	410315105
BP	BP PLC	6,774	$326K	0.0%	$48.13	$42.56	+13.0%	SPONSORED ADR	055622104
—	SPDR S&P MIDCAP 400 ETF TR	1,292	$324K	0.0%	$250.77	$211.54	—	UTSER1 S&PDCRP	78467y107
ACIC	UNITED INS HLDGS CORP	22,100	$323K	0.0%	$14.62 *	$10.44	+6.2%	COM	910710102
RDWR	RADWARE LTD	18,000	$318K	0.0%	$17.67	$15.49	+14.1%	ORD	M81873107
—	NTELOS HLDGS CORP	23,500	$317K	0.0%	$13.49	$13.49	—	COM NEW	67020Q305
—	PETROLEO BRASILEIRO SA PETRO	22,875	$317K	0.0%	$13.86	$15.94	—	SP ADR NON VTG	71654v101
—	OPKO HEALTH INC	34,000	$317K	0.0%	$9.32	$9.32	—	COM	68375n103
VSEC	VSE CORP	6,000	$316K	0.0%	$52.67 *	$21.68	+11.1%	COM	918284100
—	KINDER MORGAN ENERGY PARTNER	4,250	$314K	0.0%	$73.88	$82.62	—	UT LTD PARTNER	494550106
—	SILICOM LTD	5,000	$310K	0.0%	$62.00	$62.00	—	ORD	m84116108
—	KELLOGG CO	4,950	$310K	0.0%	$62.63 *	$38.95	+0.5%	COM	487836108
—	CPFL ENERGIA S A	19,000	$310K	0.0%	$16.32	$16.32	—	SPONSORED ADR	126153105
—	INVENTURE FOODS INC	22,000	$308K	0.0%	$14.00	$14.00	—	COM	461212102
EC	ECOPETROL S A	7,500	$306K	0.0%	$40.80	$43.29	-5.8%	SPONSORED ADS	279158109
—	EZCHIP SEMICONDUCTOR LIMITED	12,000	$304K	0.0%	$25.33	$24.78	—	ORD	M4146Y108
MMLP	MARTIN MIDSTREAM PRTNRS L P	7,000	$301K	0.0%	$43.00	$44.14	—	UNIT L P INT	573331105
—	PERION NETWORK LTD	27,000	$298K	0.0%	$11.04	$11.58	—	SHS	m78673106
DCO	DUCOMMUN INC DEL	11,900	$298K	0.0%	$25.04	$27.03	-7.3%	COM	264147109
MGIC	MAGIC SOFTWARE ENTERPRISES L	36,900	$297K	0.0%	$8.05 *	$3.70	+55.5%	ORD	559166103
—	BIOTELEMETRY INC	29,200	$295K	0.0%	$10.10	$10.10	—	COM	090672106
—	NUTRACEUTICAL INTL CORP	11,200	$291K	0.0%	$25.98	$25.98	—	COM	67060Y101
—	PARTNER COMMUNICATIONS CO LT	32,500	$291K	0.0%	$8.95	$6.28	—	ADR	70211m109
IGIB	ISHARES	2,660	$290K	0.0%	$109.02 *	$53.74	+1.5%	INTERM CR BD ETF	464288638
—	ARABIAN AMERN DEV CO	26,560	$288K	0.0%	$10.84	$10.84	—	COM	038465100
ADUS	ADDUS HOMECARE CORP	12,400	$286K	0.0%	$23.06	$24.93	-7.5%	COM	006739106
CTRN	CITI TRENDS INC	17,500	$285K	0.0%	$16.29 *	$15.40	-1.3%	COM	17306X102
ABT	ABBOTT LABS	7,350	$283K	0.0%	$38.50 *	$28.85	+6.5%	COM	002824100
—	TELEFONICA BRASIL SA	13,300	$282K	0.0%	$21.20	$22.23	—	SPONSORED ADR	87936R106
FARM	FARMER BROS CO	14,194	$280K	0.0%	$19.73 *	$21.46	0.0%	COM	307675108
CAJPY	CANON INC	9,000	$280K	0.0%	$31.11	$35.33	-12.1%	SPONSORED ADR	138006309
—	ORCHIDS PAPER PRODS CO DEL	9,100	$278K	0.0%	$30.55	$30.55	—	COM	68572N104
JBSS	SANFILIPPO JOHN B & SON INC	12,025	$277K	0.0%	$23.04	$22.89	+0.6%	COM	800422107
—	DUKE ENERGY CORP NEW	3,877	$276K	0.0%	$71.19	$67.58	—	COM NEW	26441c204
—	OMEGA PROTEIN CORP	22,749	$275K	0.0%	$12.09	$12.09	—	COM	68210P107
ADBE	ADOBE SYS INC	3,925	$258K	0.0%	$65.73	$55.93	+17.5%	COM	00724F101
BMY	BRISTOL MYERS SQUIBB CO	4,948	$257K	0.0%	$51.94 *	$29.32	+19.6%	COM	110122108
BONTQ	BON-TON STORES INC	23,200	$255K	0.0%	$10.99 *	$10.75	0.0%	COM	09776J101
—	RADIO ONE INC	53,800	$255K	0.0%	$4.74	$4.74	—	CL D NON VTG	75040P405
—	DAWSON GEOPHYSICAL CO	9,100	$255K	0.0%	$28.02	$28.02	—	COM	239359102
NATR	NATURES SUNSHINE PRODUCTS IN	18,300	$252K	0.0%	$13.77 *	$12.15	-11.6%	COM	639027101
—	VOXX INTL CORP	18,400	$252K	0.0%	$13.70	$13.70	—	CL A	91829F104
LCUT	LIFETIME BRANDS INC	14,046	$251K	0.0%	$17.87 *	$13.05	+9.4%	COM	53222Q103
—	SYNERON MEDICAL LTD	20,000	$249K	0.0%	$12.45	$9.27	—	ORD SHS	m87245102
—	ALMOST FAMILY INC	10,700	$247K	0.0%	$23.08	$23.08	—	COM	020409108
UTMD	UTAH MED PRODS INC	4,200	$243K	0.0%	$57.86	$54.56	+6.0%	COM	917488108
—	CENTRAL EUR RUSS & TURK FD I	9,132	$240K	0.0%	$26.28	$29.86	—	COM	153436100
—	CNH INDL N V	20,772	$239K	0.0%	$11.51	$11.34	—	SHS	n20944109
—	CENTRAIS ELETRICAS BRASILEIR	49,201	$231K	0.0%	$4.70	$4.51	—	SPON ADR PFD B	15234q108
—	FEDERATED NATL HLDG CO	12,600	$231K	0.0%	$18.33	$18.33	—	COM	31422T101
GNE	GENIE ENERGY LTD	23,173	$231K	0.0%	$9.97	$10.31	-3.3%	CL B	372284208
PRU	PRUDENTIAL FINL INC	2,700	$229K	0.0%	$84.81 *	$38.68	+33.3%	COM	744320102
BA	BOEING CO	1,785	$224K	0.0%	$125.49 *	$80.37	+34.2%	COM	097023105
CWCO	CONSOLIDATED WATER CO INC	16,600	$219K	0.0%	$13.19 *	$9.89	+2.1%	ORD	G23773107
CHT	CHUNGHWA TELECOM CO LTD	7,000	$215K	0.0%	$30.71	$30.15	+1.7%	SPON ADR NEW11	17133Q502
AP	AMPCO-PITTSBURGH CORP	11,409	$215K	0.0%	$18.84 *	$16.52	+0.8%	COM	032037103
—	ROSE ROCK MIDSTREAM L P	5,160	$214K	0.0%	$41.47	$36.46	—	COM U REP LTD	777149105
NEE	NEXTERA ENERGY INC	2,200	$210K	0.0%	$95.45 *	$16.57	+6.0%	COM	65339F101
III	INFORMATION SERVICES GROUP I	42,000	$206K	0.0%	$4.90 *	$4.15	-3.1%	COM	45675Y104
BWEN	BROADWIND ENERGY INC	16,500	$202K	0.0%	$12.24	$9.75	+25.3%	COM NEW	11161T207
—	PENFORD CORP	13,944	$200K	0.0%	$14.34	$14.34	—	COM	707051108
—	NUVEEN PREM INCOME MUN FD 2	14,800	$198K	0.0%	$13.38	$12.57	—	COM	67063w102
—	HICKORY TECH CORP	15,400	$197K	0.0%	$12.79	$12.79	—	COM	429060106
—	COURIER CORP	12,678	$195K	0.0%	$15.38	$15.38	—	COM	222660102
—	EATON VANCE MUN BD FD	16,005	$190K	0.0%	$11.87	$11.31	—	COM	27827X101
—	INTERVEST BANCSHARES CORP	24,800	$185K	0.0%	$7.46	$7.46	—	COM	460927106
YZCAY	YANZHOU COAL MNG CO LTD	24,000	$180K	0.0%	$7.50	$8.67	—	SPON ADR H SHS	984846105
—	EQUAL ENERGY LTD	39,200	$180K	0.0%	$4.59	$4.59	—	COM	29390Q109
—	UNITED ONLINE INC	15,000	$173K	0.0%	$11.53	$11.53	—	COM NEW	911268209
—	OI S.A.	129,000	$172K	0.0%	$1.33	$1.51	—	SPN ADR REP PFD	670851203
—	INVESCO MORTGAGE CAPITAL INC	10,000	$165K	0.0%	$16.50	$16.45	—	COM	46131b100
TSEM	TOWER SEMICONDUCTOR LTD	18,100	$165K	0.0%	$9.12	$7.17	+27.5%	SHS NEW	M87915274
PCYO	PURECYCLE CORP	26,547	$161K	0.0%	$6.06	$6.27	-3.5%	COM NEW	746228303
PBT	PERMIAN BASIN RTY TR	12,000	$158K	0.0%	$13.17	$13.25	—	UNIT BEN INT	714236106
—	NCI INC	14,600	$155K	0.0%	$10.62	$10.62	—	CL A	62886K104
—	ALLOT COMMUNICATIONS LTD	10,000	$135K	0.0%	$13.50	$13.50	—	SHS	m0854q105
EVKG	EVER GLORY INTL GRP INC	16,300	$133K	0.0%	$8.16 *	$6.17	0.0%	COM NEW	299766204
—	MEDICAL ACTION INDS INC	18,600	$130K	0.0%	$6.99	$6.99	—	COM	58449L100
—	PCM INC	13,300	$130K	0.0%	$9.77	$9.77	—	COM	69323K100
SRI	STONERIDGE INC	11,265	$127K	0.0%	$11.27	$11.24	-0.1%	COM	86183P102
—	COMPANHIA SIDERURGICA NACION	25,000	$109K	0.0%	$4.36	$4.36	—	SPONSORED ADR	20440w105
TLF	TANDY LEATHER FACTORY INC	11,196	$108K	0.0%	$9.65	$9.38	+3.0%	COM	87538X105
GENC	GENCOR INDS INC	10,400	$107K	0.0%	$10.29 *	$6.73	+2.3%	COM	368678108
—	CLEARONE INC	10,200	$105K	0.0%	$10.29	$10.29	—	COM	18506U104
IRIX	IRIDEX CORP	11,100	$99,000	0.0%	$8.92	$9.17	-2.6%	COM	462684101
—	EDGEWATER TECHNOLOGY INC	12,300	$88,000	0.0%	$7.15	$7.15	—	COM	280358102