Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	NorthstarRealtyFinCp	1,012,839	$18.35M	7.9%	$11.37	—	Com	66704R100
SCHX	SchwUSLCapEtf	254,436	$12.61M	5.4%	$49.05	—	US LRG CAP ETF	808524201
—	NewSeniorInvGrpInc	694,822	$11.55M	5.0%	$16.45	—	Com	648691103
STWD	StarwoodPptyTRUSTInc	472,307	$11.48M	5.0%	$25.41	—	Com	85571B105
—	TronoxLtdClassA	521,610	$10.6M	4.6%	$25.07	—	SHS CL A	Q9235V102
—	TeekayTankersLtdClAf	1,729,479	$9.927M	4.3%	$4.46	—	CL A	Y8565N102
—	GoldcorpIncNew	478,587	$8.672M	3.7%	$23.08	—	Com	380956409
—	NewResidentialInvCorp	566,054	$8.508M	3.7%	$8.90	—	Com	64828T102
—	TwoHarborsInvestment	734,700	$7.803M	3.4%	$10.29	—	Com	90187B101
—	Yahoo!Inc	158,733	$7.053M	3.0%	$44.43	—	COM	984332106
PBI	PitneyBowesInc	298,055	$6.951M	3.0%	$16.71	+39.3%	Com	724479100
OSG	AmbacFinlGroupNew	272,589	$6.597M	2.8%	$28.83	-11.8%	COM	023139884
XLK	SectorSpdrTechSelect	152,940	$6.338M	2.7%	$41.44	—	Technology	81369Y803
GILD	GileadSciencesInc	64,322	$6.312M	2.7%	$70.55	0.0%	Com	375558103
—	GeneralElectricCompany	253,271	$6.284M	2.7%	$24.73	—	Com	369604103
XLF	SectorSpdrFinclSelect	260,045	$6.27M	2.7%	$24.11	—	SBI INT-Finl	81369Y605
—	NewMediaInvGrpInc	256,078	$6.128M	2.6%	$15.54	—	Com	64704V106
—	GoogleIncClassA	10,830	$6.007M	2.6%	$554.66	—	CL A	38259P508
BA	BoeingCo	38,301	$5.748M	2.5%	$127.79	0.0%	COM	097023105
XLV	SectorSpdrHealthFund	78,970	$5.725M	2.5%	$72.50	—	SBI Healthcare	81369Y209
—	TeekayOffshorePartners	260,888	$5.507M	2.4%	$21.70	—	Partnership Un	Y8565J101
—	EarthlinkHoldingsCorp	1,129,966	$5.017M	2.2%	$5.20	—	Com	270321102
—	ShirePlcAdr	16,968	$4.06M	1.8%	$239.27	—	Sponsored ADR	82481R106
—	SeattleGeneticsInc	104,175	$3.683M	1.6%	$35.09	—	Com	812578102
BAC	BankOfAmericaCorp	229,103	$3.526M	1.5%	$12.72	+0.3%	Com	060505104
—	AcadiaPharmaceuticals	105,205	$3.429M	1.5%	$22.77	—	COM	004255108
—	CitigroupInc	63,501	$3.272M	1.4%	$47.32	—	Com	172967954
MSFT	MicrosoftCorp	45,048	$1.831M	0.8%	$27.00	+37.9%	Com	594918104
—	DirectvGroupInc	20,667	$1.759M	0.8%	$86.42	—	Com	25490A309
V	VisaIncClA	23,374	$1.529M	0.7%	$56.69	+8.1%	Com CL A	92826C839
—	PromotoraDeInfoAdrAf	1,231,895	$1.503M	0.6%	$1.28	—	ADR Cl A Shs	74343G204
GLPI	Gaming&LeisurePptys	32,640	$1.203M	0.5%	$34.38	—	Com	36467J108
—	WindstreamHldgsInc	161,605	$1.196M	0.5%	$7.40	—	COM	97381A101
PFE	PfizerIncorporated	34,224	$1.191M	0.5%	$16.36	+22.9%	Com	717081103
CODI	CompassDiversifiedHldg	66,650	$1.14M	0.5%	$8.29	-3.5%	Sh Ben Int	20451Q104
—	AresComlRealEstate	99,667	$1.101M	0.5%	$12.21	—	Com	04013v108
—	CalumetSpecialtyProd	44,039	$1.059M	0.5%	$32.27	—	UT LTD Partner	131476103
—	FlyLeasingLtdAdr	71,577	$1.042M	0.5%	$14.56	—	Sponsored ADR	34407D109
—	NaviosMaritimePtnrs	91,677	$1.021M	0.4%	$13.90	—	Unit LPI	Y62267102
—	TeekayCorp	21,024	$979K	0.4%	$45.25	—	Com	Y8564W103
BRK/B	BerkshireHathawayClB	6,335	$914K	0.4%	$127.55	+15.4%	Cl B New	084670702
CSCO	CiscoSystemsInc	28,221	$777K	0.3%	$16.93	+18.7%	Com	17275R102
SPY	SpdrS&P500	3,652	$754K	0.3%	$206.46	—	TR Unit	78462F103
INTC	IntelCorp	23,175	$725K	0.3%	$16.99	+53.1%	Com	458140100
—	SeaspanCorp	38,800	$708K	0.3%	$18.25	—	SHS	Y75638109
—	TeekayLngPartnersLPF	18,685	$698K	0.3%	$27.83	—	Partnership Units	Y8564M105
—	Hi-CrushPartnersLp	19,294	$677K	0.3%	$26.85	—	Com Unit Ltd	428337109
—	NaviosMaritimeAcqstn	180,934	$641K	0.3%	$3.55	—	SHS	Y62159101
PFLT	PennantparkCapLtd	40,999	$575K	0.2%	$4.13	+10.2%	Com	70806A106
BOND	PimcoTotalReturnETF	5,057	$557K	0.2%	$107.84	—	TTL RTN ACTV ETF	72201R775
—	XenoportInc	77,750	$554K	0.2%	$8.26	—	Com	98411C100
—	SynagevaBiopharmaCorp	5,465	$533K	0.2%	$98.53	—	Com	87189A103
SLRC	SolarCapitalLtd	25,540	$517K	0.2%	$7.34	-4.1%	Com	83413U100
GSBD	GoldmanSachsBdcInc	25,035	$517K	0.2%	$20.75	0.0%	SHS	38147U107
—	AlcoaInc	38,872	$502K	0.2%	$12.86	—	COM	013817101
—	GannettCoIncDel	13,375	$496K	0.2%	$23.62	—	Com	364730101
CPRX	CatalystPharmaPartners	105,700	$458K	0.2%	$3.60	0.0%	Com	14888U101
PNNT	PennantparkInvtCorp	49,955	$452K	0.2%	$2.50	-5.2%	Com	708062104
—	FifthStreetFinanceCp	57,448	$419K	0.2%	$10.30	—	Com	31678A103
EFA	IsharesTrMsciEafeFd	6,405	$411K	0.2%	$64.17	—	MSCI EAFE ETF	464287465
GS	GoldmanSachsGroupInc	2,180	$410K	0.2%	$125.81	+19.1%	Com	38141G104
—	BellicumPharmaceuticals	16,950	$393K	0.2%	$23.19	—	COM	079481107
—	SolarSeniorCapital	24,330	$392K	0.2%	$17.89	—	Com	83416M105
—	ProshsUltraOil&Gas	7,534	$382K	0.2%	$53.12	—	PSHS Ultra O&G	74347R719
—	VistaOutdoorInc	8,720	$373K	0.2%	$42.78	—	COM	928377100
CERS	CerusCorp	89,000	$371K	0.2%	$4.76	+7.5%	Com	157085101
DKL	DelekLogisticsLp	8,000	$348K	0.2%	$30.63	—	Com Unt RP Int	24664T103
—	Hewlett-PackardCompany	10,752	$335K	0.1%	$21.02	—	Com	428236103
DIS	DisneyWaltHldgCo	3,157	$331K	0.1%	$91.86	0.0%	COM Disney	254687106
MRK	Merck&CoInc	5,736	$330K	0.1%	$30.97	+30.1%	Com	58933Y105
AAPL	AppleInc	2,428	$302K	0.1%	$18.66	+43.9%	Com	037833100
MTNA 6 01/15/16	ArcelormittalSa	20,000	$300K	0.1%	$21.50	—	Mand CV NT 16	L0302D178
—	NationstarMortgageHoldings	10,975	$272K	0.1%	$24.78	—	Com	63861C109
JNJ	Johnson&Johnson	2,545	$256K	0.1%	$63.54	+18.2%	Com	478160104
XOM	ExxonMobilCorporation	2,726	$232K	0.1%	$68.22	-18.5%	Com	30231G102
F	FordMotorCompany	14,200	$229K	0.1%	$9.02	-2.1%	Com Par $0.01	345370860
HAL	HalliburtonCoHldgCo	5,100	$224K	0.1%	$33.81	0.0%	Com	406216101
WFC	WellsFargo&CoNew	3,709	$202K	0.1%	$39.85	0.0%	COM	949746101