Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	MACQUARIE INFRASTRUCTURE	802,631	$45.97M	8.8%	$54.31	—	COM	55608B105
RHP	RYMAN HOSPITALITY PROPERTIES	1,070,423	$45.51M	8.7%	$39.07	—	COM	78377T107
ET	ENERGY TRANSFER EQUITY, LP	791,789	$37.02M	7.0%	$54.74	—	COM	29273V100
—	CEDAR FAIR L P DEPOSITRY UNIT	709,043	$36.11M	6.9%	$45.63	—	COM	150185106
—	GENL AMERN INVESTORS CO	693,273	$24.42M	4.7%	$31.94	—	COM	368802104
—	NAVIOS MARITIME HOLDINGS	2,295,752	$22.61M	4.3%	$8.22	—	COM	Y62196103
—	NORTHSTAR RLTY FIN CP COM	1,234,311	$19.92M	3.8%	$10.34	—	COM	66704R100
—	BOULDER BRANDS, INC.	959,361	$16.9M	3.2%	$14.02	—	COM	101405108
AIG	AMERICAN INTERNATIONAL GROUP INC	313,165	$15.66M	3.0%	$37.86	0.0%	COM	026874784
VOYA	VOYA FINANCIAL, INC.	424,849	$15.41M	2.9%	$31.73	0.0%	COM	929089100
NVGS	NAVIGATOR HOLDINGS LTD	552,414	$14.36M	2.7%	$39.40	-39.4%	COM	Y62132108
—	SCORPIO TANKERS INC	1,412,199	$14.08M	2.7%	$9.67	—	COM	Y7542C106
—	SUSSER PETE PARTNERS LP COM U REP LP	360,856	$12.68M	2.4%	$30.49	—	COM	869239103
—	RENTECH, INC.	6,385,318	$12.13M	2.3%	$1.87	—	COM	760112102
BRK/B	BERKSHIRE HATHAWAY CLASS B	76,315	$9.537M	1.8%	$116.85	0.0%	CL B	084670702
—	VERINT SYSTEMS INC.	194,418	$9.124M	1.7%	$39.46	—	COM	92343X100
JNJ	JOHNSON & JOHNSON	80,971	$7.954M	1.5%	$59.66	+11.7%	COM	478160104
—	MENS WEARHOUSE INC COM	161,295	$7.9M	1.5%	$48.98	—	COM	587118100
—	DELEK US HLDGS INC COM	270,231	$7.848M	1.5%	$28.78	—	COM	246647101
XOM	EXXON MOBIL CORPORATION	71,122	$6.947M	1.3%	$53.69	+8.2%	COM	30231G102
JPM	JPMORGAN CHASE & CO	107,740	$6.541M	1.2%	$36.89	+14.1%	COM	46625H100
STKL	SUNOPTA INC COM	552,067	$6.52M	1.2%	$10.03	0.0%	COM	8676EP108
—	CHEMTURA CORP COM NEW	253,415	$6.409M	1.2%	$25.29	—	COM	163893209
AXP	AMERICAN EXPRESS COMPANY	65,321	$5.881M	1.1%	$75.50	0.0%	COM	025816109
—	FIDELITY NATL FINL INC COM	180,105	$5.663M	1.1%	$31.44	—	COM	31620R105
—	NEWCASTLE INVESTMENT CORP.	1,094,327	$5.143M	1.0%	$5.23	—	COM	65105M108
—	TESORO CORP COM	96,209	$4.867M	0.9%	$43.98	—	COM	881609101
—	NAVIOS MARITIME ACQUISITION CORP.	1,251,472	$4.58M	0.9%	$3.40	—	COM	Y62159101
—	AON PLC	53,763	$4.531M	0.9%	$64.35	—	COM	G0408V102
NAT	NORDIC AMERICAN TANKERS LTD	455,271	$4.48M	0.9%	$10.10	0.0%	COM	G65773106
—	NEW RESIDENTIAL INVESTMENT CORP	687,879	$4.451M	0.8%	$6.74	—	COM	64828T102
—	NIELSEN N.V.	98,478	$4.395M	0.8%	$33.59	—	COM	N63218106
VYX	NCR CORP NEW COM	118,565	$4.334M	0.8%	$22.23	-4.4%	COM	62886E108
BA	BOEING COMPANY CMN	33,152	$4.16M	0.8%	$111.68	0.0%	COM	097023105
—	FLOTEK INDS INC DEL COM	136,850	$3.811M	0.7%	$18.28	—	COM	343389102
PG	PROCTER & GAMBLE	45,257	$3.648M	0.7%	$55.00	+2.7%	COM	742718109
—	ENERGY TRANSFER PRTNRS UNIT LTD PARTN	64,827	$3.487M	0.7%	$50.54	—	UNIT LTD	29273R109
—	ABBVIE INC. COM	65,093	$3.346M	0.6%	$51.40	—	COM	00287y109
FDX	FEDEX CORPORATION	25,215	$3.343M	0.6%	$82.49	+39.5%	COM	31428X106
NICE	NICE SYSTEMS LTD.	74,066	$3.308M	0.6%	$36.89	—	COM	653656108
HAL	HALLIBURTON COMPANY CMN	55,740	$3.283M	0.6%	$33.35	+28.3%	COM	406216101
FIVE	FIVE BELOW INC COM	76,988	$3.27M	0.6%	$37.24	+3.1%	COM	33829M101
—	GENERAL ELECTRIC COMPANY	116,708	$3.022M	0.6%	$23.20	—	COM	369604103
—	NEW MEDIA INVESTMENT GROUP INC	191,473	$2.876M	0.5%	$15.02	—	COM	64704V106
IBM	INTL BUSINESS MACHINES	13,567	$2.612M	0.5%	$118.94	-8.2%	COM	459200101
DKL	DELEK LOGISTIC PARTNERS LP	74,526	$2.482M	0.5%	$32.75	—	COM	24664T103
AAPL	APPLE INC	4,575	$2.456M	0.5%	$16.58	0.0%	COM	037833100
UNP	UNION PACIFIC CORP	12,067	$2.264M	0.4%	$57.06	+19.6%	COM	907818108
—	BLACK DIAMOND, INC.	178,047	$2.178M	0.4%	$10.08	—	COM	09202G101
—	ENERGEN CORP COM	24,320	$1.965M	0.4%	$70.76	—	COM	29265N108
LOW	LOWES COMPANIES INC	35,572	$1.739M	0.3%	$32.16	+21.3%	COM	548661107
PEP	PEPSICO INCORPORATED	20,073	$1.676M	0.3%	$56.00	+1.5%	COM	713448108
STWD	STARWOOD PPTY TR INC COM	64,665	$1.525M	0.3%	$24.73	—	COM	85571B105
CVX	CHEVRON CORPORATION	10,894	$1.295M	0.2%	$71.34	-1.4%	COM	166764100
—	HESS CORPORATION	15,400	$1.276M	0.2%	$66.48	—	COM	42809H107
KO	COCA COLA COMPANY	31,605	$1.222M	0.2%	$27.85	-4.7%	COM	191216100
—	NATIONAL OILWELL VARCO INC.	15,510	$1.208M	0.2%	$68.87	—	COM	637071101
—	INTERXION HOLDING NV	50,000	$1.199M	0.2%	$23.98	—	COM	N47279109
ADP	AUTOMATIC DATA PROCESSING INC	15,326	$1.184M	0.2%	$52.44	0.0%	COM	053015103
EMR	EMERSON ELECTRIC CO	17,069	$1.14M	0.2%	$40.02	+19.4%	COM	291011104
—	UNILEVER NV NY SHS NEW	26,331	$1.083M	0.2%	$39.31	—	COM	904784709
MS	MORGAN STANLEY	33,472	$1.043M	0.2%	$17.33	+31.0%	COM	617446448
SLB	SCHLUMBERGER LTD F	9,997	$975K	0.2%	$52.90	+23.8%	COM	806857108
OSG	AMBAC FINANCIAL GROUP, INC.	30,650	$951K	0.2%	$27.62	0.0%	COM	023139884
ABT	ABBOTT LABORATORIES	19,220	$740K	0.1%	$30.73	0.0%	COM	002824100
—	PARTNERRE LTD F	6,550	$678K	0.1%	$90.59	—	COM	G6852T105
EG	EVEREST RE GROUP LTD F	3,870	$592K	0.1%	$99.45	+15.6%	COM	G3223R108
—	POWERSHS QQQ TRUST SER 1	6,512	$571K	0.1%	$72.55	—	UNIT SER 1	73935A104
—	GOOGLE INC CLASS A	455	$507K	0.1%	$881.32	—	CL A	38259P508
—	VIACOM INC CL B	5,925	$504K	0.1%	$68.02	—	CL B	92553P201
VLY	VALLEY NATL BANCORP N J	39,722	$414K	0.1%	$9.34	+7.3%	COM	919794107
MET	METLIFE INC	7,450	$393K	0.1%	$24.51	+26.8%	COM	59156R108
—	STARWOOD WAYPOINT RESIDENTL TR COM	12,445	$358K	0.1%	$28.77	—	COM	85571W109
BMY	BRISTOL-MYERS SQUIBB CO EXCHANGE OFFER	6,590	$342K	0.1%	$28.67	+25.3%	COM	110122108
CL	COLGATE-PALMOLIVE CO	4,620	$300K	0.1%	$44.38	+7.9%	COM	194162103
PFE	PFIZER INCORPORATED	8,702	$280K	0.1%	$16.46	+10.6%	COM	717081103
ERII	ENERGY RECOVERY, INC.	51,500	$274K	0.1%	$4.92	0.0%	COM	29270J100
USB	US BANCORP	5,050	$216K	0.0%	$27.34	0.0%	COM	902973304