Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Newcastle Investment Cp	3,786,402	$17.8M	8.7%	$4.79	—	Com	65105M108
—	Teekay Offshore Partners	446,001	$14.59M	7.1%	$21.70	—	Partnership Un	Y8565J101
—	Northstar Realty Fin Cp	811,579	$13.1M	6.4%	$9.70	—	Com	66704R100
—	National Oilwell Varco	163,264	$12.71M	6.2%	$47.86	—	Com	637071101
—	Teekay Lng Partners LPF	285,726	$11.81M	5.7%	$27.36	—	Partnership Units	Y8564M105
—	Tronox Ltd Class A	463,935	$11.03M	5.4%	$20.79	—	SHS CL A	Q9235V101
—	Calumet Specialty Prod	405,515	$10.48M	5.1%	$33.06	—	UT LTD Partner	131476103
DVN	Devon Energy Cp New	134,600	$9.009M	4.4%	$41.69	0.0%	COM	25179M103
—	Apple Computer Inc	14,385	$7.721M	3.8%	$536.74	—	com	03783310
—	Goldcorp Inc New	304,521	$7.455M	3.6%	$24.48	—	Com	380956409
—	Two Harbors Investment	692,784	$7.101M	3.5%	$10.30	—	Com	90187B101
STWD	Starwood Ppty TRUST Inc	298,732	$7.047M	3.4%	$27.27	—	Com	85571B105
PBI	Pitney Bowes Inc	257,305	$6.687M	3.3%	$14.77	+67.0%	Com	724479100
—	Earthlink Holdings Corp	1,818,936	$6.566M	3.2%	$5.25	—	Com	270321102
—	New Media Inv Grp Inc	432,108	$6.49M	3.2%	$15.02	—	COM	64704V106
—	Ambac Finl Group New	203,754	$6.322M	3.1%	$31.03	—	COM New	23139884
—	New Residential Inv Corp	970,115	$6.277M	3.1%	$6.72	—	COM	64828T102
—	Teekay Tankers Ltd Cl Af	1,632,830	$5.78M	2.8%	$4.45	—	CL A	Y8565N102
—	Promotora De Info Adr Bf	990,281	$3.466M	1.7%	$3.80	—	ADR CL B Conv	74343G303
C	Citigroup Inc	61,544	$2.929M	1.4%	$37.61	-1.4%	Com	172967424
MSFT	Microsoft Corp	45,048	$1.847M	0.9%	$27.00	+15.8%	Com	594918104
—	Delek US Holdings Inc	50,500	$1.467M	0.7%	$21.09	—	Com	246647101
—	Gannett Co Inc Del	48,495	$1.338M	0.7%	$23.40	—	Com	364730101
—	Navios Maritime Ptnrs	67,944	$1.324M	0.6%	$15.64	—	Unit LPI	Y62267102
—	Hi-Crush Partners Lp	31,724	$1.279M	0.6%	$23.26	—	Com Unit Ltd	428337109
V	Visa Inc Cl A	5,704	$1.231M	0.6%	$42.33	+20.7%	Com CL A	92826C839
ACRE	Ares Coml Real Estate	84,687	$1.136M	0.6%	$14.18	—	Com	04013V108
—	Teekay Corp	19,690	$1.107M	0.5%	$44.40	—	Com	Y8564W103
PFE	Pfizer Incorporated	34,422	$1.106M	0.5%	$16.36	+11.3%	Com	717081103
—	Acadia Pharmaceuticals	45,075	$1.097M	0.5%	$24.99	—	Com	4225108
—	Credit Suisse Gold Etn	71,150	$993K	0.5%	$13.91	—	Goldinc LKD32ETN	22542D480
SLRC	Solar Capital Ltd	43,198	$941K	0.5%	$7.45	+0.1%	Com	83413U100
—	Atlas Pipeline Part Lp	25,125	$807K	0.4%	$32.12	—	Unit l p int	049392103
—	Fifth Street Finance Cp	81,897	$775K	0.4%	$10.38	—	Com	31678A103
—	Solar Senior Capital	44,000	$753K	0.4%	$18.51	—	Com	83416M105
—	Berkshire Hathaway Cl B	5,978	$747K	0.4%	$118.60	—	Cl B New	84670702
—	Mid-Con Energy Partn Lp	32,624	$706K	0.3%	$23.07	—	Com Unit Repst	59560V109
HALO	Halozyme Therapeutics	53,115	$675K	0.3%	$8.33	+78.2%	Com	40637H109
—	Navios Maritime Acqstn	182,109	$667K	0.3%	$3.56	—	SHS	Y62159101
—	Promotora De Info Adr Af	290,483	$656K	0.3%	$2.05	—	ADR Cl A Shs	74343G204
—	General Electric Company	25,065	$649K	0.3%	$23.90	—	COM	369604103
—	Dyax Corp	71,650	$643K	0.3%	$8.97	—	COM	26746E103
CSCO	Cisco Systems Inc	28,090	$630K	0.3%	$16.93	-9.6%	Com	17275R102
—	Xoma Corp	118,300	$616K	0.3%	$6.12	—	COM	98419J107
INTC	Intel Corp	23,175	$598K	0.3%	$16.99	+9.9%	Com	458140100
—	Anacor Pharmaceuticals	28,440	$569K	0.3%	$20.01	—	COM	032420101
—	Alcoa Inc	38,872	$500K	0.2%	$12.86	—	COM	013817101
PFLT	Pennantpark Cap Ltd	35,658	$493K	0.2%	$4.08	+3.5%	COM	70806A106
MTNA 6 01/15/16	Arcelormittal Sa	20,000	$480K	0.2%	$21.50	—	Mand CV NT 16	L0302D178
PNNT	Pennantpark Invt Corp	43,253	$478K	0.2%	$2.50	+4.5%	COM	708062104
—	Arrowhead Research New	24,350	$400K	0.2%	$16.43	—	com new	042797209
MRK	Merck & Co Inc	6,736	$382K	0.2%	$30.97	+15.5%	Com	58933Y105
—	Endocyte Inc	15,675	$373K	0.2%	$23.80	—	Com	29269A102
BOND	Pimco Total Return ETF	3,395	$362K	0.2%	$106.00	—	Totl Retn ETF	72201R775
—	Hewlett-Packard Company	10,752	$348K	0.2%	$21.02	—	Com	428236103
GS	Goldman Sachs Group Inc	1,964	$322K	0.2%	$123.18	+8.5%	Com	38141G104
—	Bank Of America Corp	18,159	$312K	0.2%	$15.65	—	Com	60505104
HAL	Halliburton Co Hldg Co	5,099	$300K	0.1%	$37.43	+14.3%	Com	406216101
DKL	Delek Logistics Lp	8,000	$266K	0.1%	$30.63	—	Com Unt RP Int	24664T103
XOM	Exxon Mobil Corporation	2,721	$266K	0.1%	$68.22	-14.9%	Com	30231G102
JNJ	Johnson & Johnson	2,545	$250K	0.1%	$63.54	+4.9%	Com	478160104
CVX	Chevron Corp	2,059	$245K	0.1%	$67.90	+3.6%	Com	166764100
F	Ford Motor Company	14,200	$222K	0.1%	$9.02	-7.2%	Com Par $0.01	345370860
VLY	Valley National Bancorp	21,000	$219K	0.1%	$10.10	-0.8%	Com	919794107
—	Cliffs Natural Resources Inc.	10,000	$207K	0.1%	$19.80	—	COM	18683K101
GENC	Gencor Industries Inc	18,500	$191K	0.1%	$5.30	+27.0%	Com	368678108
NOK	Nokia Corp Spon Adr	11,850	$87,000	0.0%	$6.50	—	Sponsored ADR	654902204
—	Antares Pharma Inc	13,750	$48,000	0.0%	$4.44	—	Com	36642106