Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Newcastle Investment Cp	3,782,305	$18.12M	7.9%	$4.79	—	Com	65105M108
—	Teekay Offshore Partners	431,605	$15.58M	6.8%	$21.70	—	Partnership Un	Y8565J101
—	Northstar Realty Fin Cp	802,143	$13.94M	6.1%	$9.70	—	Com	66704R100
—	National Oilwell Varco	159,825	$13.16M	5.7%	$47.86	—	Com	637071101
—	Calumet Specialty Prod	404,504	$12.86M	5.6%	$33.06	—	UT LTD Partner	131476103
—	Teekay Lng Partners LPF	276,887	$12.78M	5.6%	$27.36	—	Partnership Units	Y8564M105
—	Tronox Ltd Class A	461,057	$12.4M	5.4%	$20.79	—	SHS CL A	Q9235V101
DVN	Devon Energy Cp New	137,083	$10.88M	4.7%	$41.83	+17.2%	COM	25179M103
—	Goldcorp Inc New	340,872	$9.514M	4.1%	$24.85	—	Com	380956409
AAPL	Apple Computer Inc	97,761	$9.085M	4.0%	$18.66	0.0%	com	037833100
OSG	Ambac Finl Group New	282,874	$7.725M	3.4%	$29.00	0.0%	COM New	023139884
STWD	Starwood Ppty TRUST Inc	324,820	$7.721M	3.4%	$26.99	—	Com	85571B105
—	Two Harbors Investment	712,388	$7.466M	3.3%	$10.30	—	Com	90187B101
—	Teekay Tankers Ltd Cl Af	1,670,583	$7.167M	3.1%	$4.45	—	CL A	Y8565N102
—	Earthlink Holdings Corp	1,873,411	$6.969M	3.0%	$5.20	—	Com	270321102
PBI	Pitney Bowes Inc	248,001	$6.85M	3.0%	$14.77	+80.3%	Com	724479100
—	New Media Inv Grp Inc	430,533	$6.075M	2.6%	$15.02	—	COM	64704V106
FEZ	Spdr Euro Stoxx 50 Etf	139,190	$6.023M	2.6%	$43.27	—	Stoxx Eur 50 ETF	78463X202
—	New Residential Inv Corp	948,483	$5.975M	2.6%	$6.72	—	COM	64828T102
—	Citigroup Inc	61,544	$2.899M	1.3%	$47.10	—	Com	172967954
—	Acadia Pharmaceuticals	124,060	$2.803M	1.2%	$22.59	—	Com	004255108
—	Promotora De Info Adr Bf	1,012,071	$2.581M	1.1%	$3.77	—	ADR CL B Conv	74343G303
MSFT	Microsoft Corp	45,048	$1.879M	0.8%	$27.00	+25.8%	Com	594918104
—	Gannett Co Inc Del	49,935	$1.563M	0.7%	$23.62	—	Com	364730101
—	Delek US Holdings Inc	50,500	$1.426M	0.6%	$21.09	—	Com	246647101
—	Navios Maritime Ptnrs	70,706	$1.375M	0.6%	$15.79	—	Unit LPI	Y62267102
—	Teekay Corp	20,374	$1.268M	0.6%	$45.00	—	Com	Y8564W103
V	Visa Inc Cl A	5,663	$1.193M	0.5%	$42.33	+13.8%	Com CL A	92826C839
—	Ares Coml Real Estate	91,746	$1.139M	0.5%	$12.41	—	Com	04013v108
—	Pimco Dynamic Cdt Inc Fd	46,525	$1.108M	0.5%	$23.82	—	Com SHS	72202D106
PFE	Pfizer Incorporated	34,207	$1.015M	0.4%	$16.36	+7.3%	Com	717081103
GLPI	Gaming & Leisure Pptys	29,750	$1.011M	0.4%	$33.98	—	Com	36467J108
SLRC	Solar Capital Ltd	47,068	$1.002M	0.4%	$7.43	-2.0%	Com	83413U100
—	Atlas Pipeline Part Lp	27,543	$947K	0.4%	$32.32	—	Unit l p int	049392103
—	Hi-Crush Partners Lp	14,043	$921K	0.4%	$23.26	—	Com Unit Ltd	428337109
—	Fifth Street Finance Cp	88,519	$870K	0.4%	$10.33	—	Com	31678A103
—	Mid-Con Energy Partn Lp	35,323	$820K	0.4%	$23.08	—	Com Unit Repst	59560V109
—	Synageva Biopharma Corp	7,705	$807K	0.4%	$104.74	—	Com	87189A103
—	Solar Senior Capital	47,039	$794K	0.3%	$18.40	—	Com	83416M105
BRK/B	Berkshire Hathaway Cl B	5,925	$750K	0.3%	$126.57	0.0%	Cl B New	084670702
INTC	Intel Corp	23,175	$716K	0.3%	$16.99	+21.7%	Com	458140100
—	Navios Maritime Acqstn	189,679	$704K	0.3%	$3.57	—	SHS	Y62159101
CSCO	Cisco Systems Inc	28,090	$698K	0.3%	$16.93	-1.7%	Com	17275R102
—	Dyax Corp	70,100	$673K	0.3%	$8.97	—	COM	26746E103
—	General Electric Company	25,265	$664K	0.3%	$23.90	—	COM	369604103
—	Alcoa Inc	38,872	$579K	0.3%	$12.86	—	COM	013817101
PFLT	Pennantpark Cap Ltd	38,467	$550K	0.2%	$4.09	+5.1%	COM	70806A106
—	Promotora De Info Adr Af	288,110	$542K	0.2%	$2.05	—	ADR Cl A Shs	74343G204
PNNT	Pennantpark Invt Corp	46,893	$537K	0.2%	$2.51	+4.0%	COM	708062104
MTNA 6 01/15/16	Arcelormittal Sa	20,000	$450K	0.2%	$21.50	—	Mand CV NT 16	L0302D178
HALO	Halozyme Therapeutics	44,965	$444K	0.2%	$8.33	+1.8%	Com	40637H109
—	Xoma Corp	95,800	$440K	0.2%	$6.12	—	COM	98419J107
MRK	Merck & Co Inc	6,736	$390K	0.2%	$30.97	+22.6%	Com	58933Y105
—	Hewlett-Packard Company	10,752	$362K	0.2%	$21.02	—	Com	428236103
HAL	Halliburton Co Hldg Co	5,000	$355K	0.2%	$37.43	+37.6%	Com	406216101
—	Anacor Pharmaceuticals	19,840	$352K	0.2%	$20.01	—	COM	032420101
GS	Goldman Sachs Group Inc	1,964	$329K	0.1%	$123.18	+4.5%	Com	38141G104
DKL	Delek Logistics Lp	8,000	$276K	0.1%	$30.63	—	Com Unt RP Int	24664T103
XOM	Exxon Mobil Corporation	2,721	$274K	0.1%	$68.22	-9.3%	Com	30231G102
JNJ	Johnson & Johnson	2,545	$266K	0.1%	$63.54	+15.1%	Com	478160104
F	Ford Motor Company	14,200	$245K	0.1%	$9.02	-1.7%	Com Par $0.01	345370860
CVX	Chevron Corp	1,809	$236K	0.1%	$67.90	+11.8%	Com	166764100
BAC	Bank Of America Corp	14,639	$225K	0.1%	$12.24	0.0%	Com	060505104
VLY	Valley National Bancorp	21,000	$208K	0.1%	$10.10	-0.6%	Com	919794107
GENC	Gencor Industries Inc	18,500	$204K	0.1%	$5.30	+30.3%	Com	368678108
—	Cliffs Natural Resources Inc.	10,000	$143K	0.1%	$19.80	—	COM	18683K101
—	Novavax Inc	25,050	$116K	0.1%	$4.63	—	COM	67002104
NOK	Nokia Corp Spon Adr	11,850	$90,000	0.0%	$6.50	—	Sponsored ADR	654902204
—	Endocyte Inc	10,775	$71,000	0.0%	$23.80	—	COM	29269A102
—	Antares Pharma Inc	13,750	$37,000	0.0%	$2.69	—	Com	036642106