Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RHP	RYMAN HOSPITALITY PPTYS INC	952,834	$39.81M	7.6%	$38.65	—	COM	78377T107
—	MACQUARIE INFRASTR CO LLC	645,978	$35.16M	6.7%	$53.59	—	MEMBERSHIP INT	55608B105
—	GENERAL AMERN INVS INC	937,963	$33.02M	6.3%	$31.94	—	COM	368802104
ET	ENERGY TRANSFER EQUITY L P	399,957	$32.69M	6.2%	$62.56	—	COM UT LTD PTN	29273V100
—	NAVIOS MARITIME HOLDINGS INC	2,110,131	$23.55M	4.5%	$8.08	—	COM	Y62196103
—	NORTHSTAR RLTY FIN CORP	1,674,138	$22.52M	4.3%	$10.34	—	COM	66704R100
—	CEDAR FAIR L P	442,504	$21.94M	4.2%	$42.44	—	DEPOSITRY UNIT	150185106
—	AMERICAN INTL GROUP INC	368,254	$18.8M	3.6%	$44.70	—	COM NEW	26874784
NVGS	NAVIGATOR HOLDINGS LTD	623,234	$16.79M	3.2%	$39.40	0.0%	SHS	Y62132108
—	SCORPIO TANKERS INC	1,352,926	$15.95M	3.0%	$9.66	—	SHS	Y7542C106
—	ING U S INC	419,267	$14.74M	2.8%	$27.06	—	COM	45685E106
—	DELEK US HLDGS INC	423,667	$14.58M	2.8%	$28.78	—	COM	246647101
—	VERINT SYS INC	298,855	$12.83M	2.4%	$39.46	—	COM	92343X100
—	BERKSHIRE HATHAWAY INC DEL	104,850	$12.43M	2.4%	$111.92	—	CL B NEW	84670702
—	SUSSER PETE PARTNERS LP	354,999	$11.75M	2.2%	$30.41	—	COM U REP LP	869239103
—	BOULDER BRANDS INC	704,361	$11.17M	2.1%	$12.72	—	COM	101405108
—	NEW RESIDENTIAL INVT CORP	1,539,679	$10.29M	2.0%	$6.74	—	COM	64828T102
—	LIN MEDIA LLC	357,811	$10.27M	2.0%	$20.29	—	CL A COM	532771102
—	NIELSEN HOLDINGS N V	209,930	$9.634M	1.8%	$33.59	—	COM	N63218106
—	NEWCASTLE INVT CORP	1,506,338	$8.646M	1.6%	$5.23	—	COM	65105M108
JNJ	JOHNSON & JOHNSON	91,115	$8.345M	1.6%	$59.66	+10.2%	COM	478160104
XOM	EXXON MOBIL CORP	80,496	$8.146M	1.5%	$53.69	+4.2%	COM	30231G102
—	AON PLC	87,080	$7.305M	1.4%	$64.35	—	SHS CL A	G0408V102
—	AMERICAN EXPRESS CO	71,438	$6.482M	1.2%	$74.76	—	COM	25816109
—	TESORO CORP	100,438	$5.876M	1.1%	$43.98	—	COM	881609101
—	NAVIOS MARITIME ACQUIS CORP	1,282,574	$5.643M	1.1%	$3.40	—	SHS	Y62159101
JPM	JPMORGAN CHASE & CO	96,121	$5.621M	1.1%	$36.27	+9.3%	COM	46625H100
—	SEARS HOMETOWN & OUTLET STOR	211,327	$5.389M	1.0%	$29.98	—	COM	812362101
VYX	NCR CORP NEW	143,510	$4.888M	0.9%	$22.23	0.0%	COM	62886E108
IBM	INTERNATIONAL BUSINESS MACHS	24,482	$4.592M	0.9%	$118.94	-10.5%	COM	459200101
—	BOEING CO	33,552	$4.58M	0.9%	$102.43	—	COM	97023105
PG	PROCTER & GAMBLE CO	54,456	$4.433M	0.8%	$55.00	+5.5%	COM	742718109
FIVE	FIVE BELOW INC	101,988	$4.406M	0.8%	$37.24	+28.8%	COM	33829M101
NICE	NICE SYS LTD	104,722	$4.289M	0.8%	$36.89	—	SPONSORED ADR	653656108
—	FLOTEK INDS INC DEL	206,850	$4.151M	0.8%	$18.28	—	COM	343389102
—	ENERGY TRANSFER PRTNRS L P	67,697	$3.876M	0.7%	$50.54	—	UNIT LTD PARTN	29273R109
ABBV	ABBVIE INC	68,697	$3.628M	0.7%	$26.56	+14.4%	COM	00287Y109
FDX	FEDEX CORP	25,215	$3.625M	0.7%	$82.49	+35.9%	COM	31428X106
—	GENERAL ELECTRIC CO	129,093	$3.618M	0.7%	$23.20	—	COM	369604103
—	BLACK DIAMOND INC	224,400	$2.991M	0.6%	$10.08	—	COM	09202G101
HAL	HALLIBURTON CO	55,740	$2.829M	0.5%	$33.35	+23.8%	COM	406216101
—	VIACOM INC NEW	27,017	$2.36M	0.4%	$68.02	—	CL B	92553P201
DKL	DELEK LOGISTICS PARTNERS LP	74,526	$2.359M	0.4%	$32.75	—	COM UNT RP INT	24664T103
PEP	PEPSICO INC	26,858	$2.228M	0.4%	$56.00	+3.1%	COM	713448108
—	ALON USA PARTNERS LP	132,297	$2.204M	0.4%	$16.66	—	UT LTDPART INT	02052T109
—	RENTECH INC	1,256,715	$2.199M	0.4%	$1.75	—	COM	760112102
—	UNILEVER N V	53,496	$2.152M	0.4%	$39.31	—	N Y SHS NEW	904784709
STWD	STARWOOD PPTY TR INC	74,340	$2.059M	0.4%	$24.73	—	COM	85571B105
UNP	UNION PAC CORP	12,117	$2.036M	0.4%	$57.06	+6.1%	COM	907818108
—	ENERGEN CORP	28,280	$2.001M	0.4%	$70.76	—	COM	29265N108
—	APPLE INC	3,555	$1.994M	0.4%	$398.91	—	COM	37833100
LOW	LOWES COS INC	40,080	$1.986M	0.4%	$32.16	+21.7%	COM	548661107
—	ABBOTT LABS	48,063	$1.842M	0.4%	$34.88	—	COM	2824100
CVX	CHEVRON CORP NEW	14,704	$1.837M	0.3%	$71.34	+1.6%	COM	166764100
KO	COCA COLA CO	36,338	$1.501M	0.3%	$27.85	-3.3%	COM	191216100
—	HESS CORP	16,200	$1.345M	0.3%	$66.48	—	COM	42809H107
—	AUTOMATIC DATA PROCESSING IN	15,526	$1.254M	0.2%	$68.86	—	COM	53015103
EMR	EMERSON ELEC CO	17,584	$1.234M	0.2%	$40.02	+20.4%	COM	291011104
—	NATIONAL OILWELL VARCO INC	15,510	$1.234M	0.2%	$68.87	—	COM	637071101
—	ALON USA ENERGY INC	72,600	$1.201M	0.2%	$16.54	—	COM	20520102
MS	MORGAN STANLEY	33,472	$1.05M	0.2%	$17.33	+25.8%	COM NEW	617446448
SLB	SCHLUMBERGER LTD	10,897	$982K	0.2%	$52.90	+23.0%	COM	806857108
—	POWERSHARES QQQ TRUST	11,047	$972K	0.2%	$72.55	—	UNIT SER 1	73935A104
—	PARTNERRE LTD	8,550	$901K	0.2%	$90.59	—	COM	G6852T105
IJR	ISHARES	6,385	$697K	0.1%	$109.16	—	CORE S&P SCP ETF	464287804
EG	EVEREST RE GROUP LTD	4,200	$655K	0.1%	$99.45	+19.0%	COM	G3223R108
—	GOOGLE INC	455	$510K	0.1%	$881.32	—	CL A	38259P508
BEP	BROOKFIELD RENEWABLE ENRGY P	15,905	$443K	0.1%	$27.53	—	PARTNERSHIP UNIT	G16258108
SPY	SPDR S&P 500 ETF TR	2,341	$432K	0.1%	$163.92	—	TR UNIT	78462F103
VLY	VALLEY NATL BANCORP	39,722	$402K	0.1%	$9.34	+7.4%	COM	919794107
MET	METLIFE INC	7,450	$402K	0.1%	$24.51	+22.9%	COM	59156R108
MDY	SPDR S&P MIDCAP 400 ETF TR	1,643	$401K	0.1%	$222.26	—	UTSER1 S&PDCRP	78467Y107
EOG	EOG RES INC	2,150	$361K	0.1%	$46.52	+34.0%	COM	26875P101
BMY	BRISTOL MYERS SQUIBB CO	6,590	$350K	0.1%	$28.67	+19.2%	COM	110122108
CL	COLGATE PALMOLIVE CO	4,620	$301K	0.1%	$44.38	+9.1%	COM	194162103
PFE	PFIZER INC	9,365	$287K	0.1%	$16.46	+7.1%	COM	717081103
VWO	VANGUARD INTL EQUITY INDEX F	5,400	$222K	0.0%	$38.81	—	FTSE EMR MKT ETF	922042858
COP	CONOCOPHILLIPS	2,860	$202K	0.0%	$39.96	+21.1%	COM	20825C104