Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Northstar Realty Fin Cp	960,818	$16.98M	7.6%	$11.02	—	Com	66704R100
—	Newcastle Investment Cp	1,278,785	$16.21M	7.3%	$4.79	—	Com	65105M108
—	Teekay Offshore Partners	411,788	$13.84M	6.2%	$21.70	—	Partnership Un	Y8565J101
—	Teekay Lng Partners LPF	285,144	$12.42M	5.6%	$27.83	—	Partnership Units	Y8564M105
—	Tronox Ltd Class A	436,327	$11.37M	5.1%	$26.05	—	SHS CL A	Q9235V102
—	Calumet Specialty Prod	385,797	$10.59M	4.7%	$33.06	—	UT LTD Partner	131476103
STWD	Starwood Ppty TRUST Inc	473,131	$10.39M	4.7%	$25.41	—	Com	85571B105
AAPL	Apple Computer Inc	92,011	$9.27M	4.2%	$18.66	+15.9%	Com	037833100
DVN	Devon Energy Cp New	135,648	$9.248M	4.1%	$41.83	+20.2%	COM	25179M103
—	National Oilwell Varco	116,755	$8.885M	4.0%	$47.86	—	Com	637071101
—	Goldcorp Inc New	348,417	$8.024M	3.6%	$24.81	—	Com	380956409
—	New Media Inv Grp Inc	466,163	$7.752M	3.5%	$15.14	—	Com	64704V106
—	Two Harbors Investment	735,657	$7.114M	3.2%	$10.28	—	Com	90187B101
—	Teekay Tankers Ltd Cl Af	1,796,134	$6.7M	3.0%	$4.40	—	CL A	Y8565N102
—	Northstar Asset Mgmt Grp	352,674	$6.496M	2.9%	$18.42	—	Com	66705Y104
OSG	Ambac Finl Group New	292,029	$6.454M	2.9%	$28.83	-18.4%	Com New	023139884
PBI	Pitney Bowes Inc	235,466	$5.884M	2.6%	$14.77	+81.1%	Com	724479100
—	New Residential Inv Corp	889,173	$5.184M	2.3%	$6.72	—	Com	64828T102
FEZ	Spdr Euro Stoxx 50 Etf	128,560	$5.104M	2.3%	$43.27	—	Stoxx Eur 50 ETF	78463X202
—	Earthlink Holdings Corp	1,469,202	$5.025M	2.3%	$5.20	—	Com	270321102
—	Acadia Pharmaceuticals	135,320	$3.351M	1.5%	$22.77	—	Com	004255108
—	Citigroup Inc	61,544	$3.189M	1.4%	$47.10	—	Com	172967954
—	Promotora De Info Adr Af	1,867,028	$2.128M	1.0%	$1.28	—	ADR Cl A Shs	74343G204
MSFT	Microsoft Corp	45,048	$2.088M	0.9%	$27.00	+39.5%	Com	594918104
—	Delek US Holdings Inc	50,500	$1.673M	0.7%	$21.09	—	Com	246647101
—	Gannett Co Inc Del	46,646	$1.384M	0.6%	$23.62	—	Com	364730101
—	Teekay Corp	20,229	$1.342M	0.6%	$45.00	—	Com	Y8564W103
—	Directv Group Inc	15,227	$1.317M	0.6%	$86.49	—	Com	25490A309
—	Navios Maritime Ptnrs	72,200	$1.287M	0.6%	$15.83	—	Unit LPI	Y62267102
V	Visa Inc Cl A	5,663	$1.208M	0.5%	$42.33	+17.2%	Com CL A	92826C839
CODI	Compass Diversified Hldg	61,820	$1.082M	0.5%	$8.34	0.0%	Sh Ben Int	20451Q104
—	Pimco Dynamic Cdt Inc Fd	47,895	$1.076M	0.5%	$23.78	—	Com SHS	72202D106
—	Atlas Pipeline Part Lp	28,213	$1.029M	0.5%	$32.42	—	Unit l p int	049392103
—	Ares Coml Real Estate	87,833	$1.027M	0.5%	$12.41	—	Com	04013v108
PFE	Pfizer Incorporated	34,207	$1.012M	0.5%	$16.36	+6.7%	Com	717081103
GLPI	Gaming & Leisure Pptys	30,615	$946K	0.4%	$33.90	—	Com	36467J108
SLRC	Solar Capital Ltd	48,402	$904K	0.4%	$7.42	-5.7%	Com	83413U100
—	Fifth Street Finance Cp	91,089	$836K	0.4%	$10.30	—	Com	31678A103
BRK/B	Berkshire Hathaway Cl B	6,025	$832K	0.4%	$126.68	+5.2%	Cl B New	084670702
INTC	Intel Corp	23,175	$807K	0.4%	$16.99	+51.5%	Com	458140100
—	Mid-Con Energy Partn Lp	36,323	$797K	0.4%	$23.05	—	Com Unit Repst	59560V109
—	Solar Senior Capital	48,299	$743K	0.3%	$18.32	—	Com	83416M105
CSCO	Cisco Systems Inc	28,090	$707K	0.3%	$16.93	+4.5%	Com	17275R102
—	Hi-Crush Partners Lp	13,217	$681K	0.3%	$23.26	—	Com Unit Ltd	428337109
—	General Electric Company	25,277	$648K	0.3%	$23.90	—	Com	369604103
—	Synageva Biopharma Corp	9,315	$641K	0.3%	$98.53	—	Com	87189A103
—	Alcoa Inc	38,872	$625K	0.3%	$12.86	—	Com	013817101
PFLT	Pennantpark Cap Ltd	39,522	$545K	0.2%	$4.10	+8.7%	Com	70806A106
—	Navios Maritime Acqstn	194,224	$526K	0.2%	$3.55	—	SHS	Y62159101
PNNT	Pennantpark Invt Corp	48,206	$526K	0.2%	$2.52	+11.2%	Com	708062104
—	Anacor Pharmaceuticals	19,015	$465K	0.2%	$20.01	—	Com	032420101
MTNA 6 01/15/16	Arcelormittal Sa	20,000	$423K	0.2%	$21.50	—	Mand CV NT 16	L0302D178
—	Hewlett-Packard Company	10,752	$381K	0.2%	$21.02	—	Com	428236103
GS	Goldman Sachs Group Inc	1,964	$361K	0.2%	$123.18	+14.1%	Com	38141G104
—	Dyax Corp	34,900	$353K	0.2%	$8.97	—	COM	26746E103
MRK	Merck & Co Inc	5,736	$340K	0.2%	$30.97	+27.1%	Com	58933Y105
DKL	Delek Logistics Lp	8,000	$326K	0.1%	$30.63	—	Com Unt RP Int	24664T103
HAL	Halliburton Co Hldg Co	5,000	$323K	0.1%	$37.43	+47.5%	Com	406216101
JNJ	Johnson & Johnson	2,545	$271K	0.1%	$63.54	+19.0%	Com	478160104
—	Arrowhead Research New	17,650	$261K	0.1%	$14.79	—	Com New	042797209
XOM	Exxon Mobil Corporation	2,721	$256K	0.1%	$68.22	-9.8%	Com	30231G102
BAC	Bank Of America Corp	14,936	$255K	0.1%	$12.25	+2.6%	Com	060505104
—	Achillion Pharma Inc	25,100	$250K	0.1%	$9.96	—	Com	00448Q201
CVX	Chevron Corp	1,809	$216K	0.1%	$67.90	+15.6%	Com	166764100
F	Ford Motor Company	14,200	$210K	0.1%	$9.02	+4.1%	Com Par $0.01	345370860
GENC	Gencor Industries Inc	18,500	$182K	0.1%	$5.30	+32.0%	Com	368678108
BCRX	Biocryst Pharmaceuticals	14,750	$144K	0.1%	$12.26	0.0%	Com	09058V103
—	Cliffs Natural Resources Inc.	10,000	$112K	0.1%	$19.80	—	COM	18683K101
NOK	Nokia Corp Spon Adr	11,850	$100K	0.0%	$6.50	—	Sponsored ADR	654902204
—	Antares Pharma Inc	13,750	$25,000	0.0%	$2.69	—	Com	036642106