Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Teekay Offshore Partners	659,468	$21.82M	9.9%	$21.70	—	Partnership Un	Y8565J101
—	Teekay Lng Partners LPF	413,197	$17.65M	8.0%	$27.36	—	Partnership Units	Y8564M105
—	Northstar Realty Fin Cp	1,175,222	$15.81M	7.1%	$9.70	—	Com	66704R100
—	Newcastle Investment Cp	2,541,903	$14.59M	6.6%	$4.83	—	Com	65105M108
—	National Oilwell Varco	160,081	$12.73M	5.8%	$47.26	—	Com	637071101
—	New Residential Inv Corp	1,903,924	$12.72M	5.7%	$6.72	—	COM	64828T102
—	Teekay Tankers Ltd Cl Af	2,834,210	$11.14M	5.0%	$4.45	—	CL A	Y8565N102
—	Calumet Specialty Prod	386,641	$10.06M	4.5%	$33.41	—	UT LTD Partner	131476103
—	Kkr Financial Corp	794,941	$9.69M	4.4%	$11.96	—	Com	482486306
—	Earthlink Inc	1,738,176	$8.811M	4.0%	$5.32	—	Com	270321102
—	Tronox Ltd Class A	379,285	$8.75M	4.0%	$20.12	—	SHS CL A	Q9235V101
—	Seadrill Ltd	191,071	$7.849M	3.5%	$35.49	—	SHS	G7945E105
STWD	Starwood Ppty TRUST Inc	280,922	$7.782M	3.5%	$27.51	—	Com	85571B105
—	Superior Energy Services	290,504	$7.73M	3.5%	$20.48	—	Com	868157108
PBI	Pitney Bowes Inc	256,632	$5.98M	2.7%	$14.77	+45.6%	Com	724479100
—	Fortress Invt Gp Llc A	585,454	$5.011M	2.3%	$7.30	—	CL A	34958B106
—	Nationstar Mortgage Holdings	91,225	$3.372M	1.5%	$37.62	—	Com	63861C109
C	Citigroup Inc	61,544	$3.207M	1.4%	$37.61	+0.1%	Com	172967424
—	Promotora De Info Adr Bf	978,424	$2.828M	1.3%	$3.80	—	ADR CL B Conv	74343G303
OSG	Ambac Finl Group New	89,755	$2.204M	1.0%	$20.94	0.0%	COM New	023139884
—	Delek US Holdings Inc	50,500	$1.738M	0.8%	$21.09	—	Com	246647101
MSFT	Microsoft Corp	45,648	$1.708M	0.8%	$27.00	+11.2%	Com	594918104
—	Gannett Co Inc Del	46,715	$1.382M	0.6%	$23.24	—	Com	364730101
—	Acadia Pharmaceuticals	53,510	$1.337M	0.6%	$24.99	—	Com	4225108
V	Visa Inc Cl A	5,678	$1.264M	0.6%	$42.33	+9.3%	Com CL A	92826C839
HALO	Halozyme Therapeutics	83,765	$1.256M	0.6%	$8.33	+54.4%	Com	40637H109
—	Navios Maritime Ptnrs	62,746	$1.2M	0.5%	$15.32	—	Unit LPI	Y62267102
—	Hi-Crush Partners Lp	30,483	$1.158M	0.5%	$22.56	—	Com Unit Ltd	428337109
PFE	Pfizer Incorporated	34,998	$1.072M	0.5%	$16.36	+7.8%	Com	717081103
ACRE	Ares Coml Real Estate	75,496	$989K	0.4%	$14.28	—	Com	04013V108
—	Royal Dutch Shell A Adrf	13,150	$937K	0.4%	$66.19	—	Spons ADR A	780259206
—	Teekay Corp	19,380	$930K	0.4%	$44.21	—	Com	Y8564W103
SLRC	Solar Capital Ltd	37,497	$846K	0.4%	$7.45	-0.4%	Com	83413U100
—	Bank Of America 7.25% PFDSER L	750	$796K	0.4%	$1061.33	—	7.25%CNV PFD L	60505682
—	Two Harbors Investment	85,311	$792K	0.4%	$10.65	—	Com	90187B101
—	Solar Senior Capital	39,298	$716K	0.3%	$18.67	—	Com	83416M105
—	Berkshire Hathaway Cl B	5,978	$709K	0.3%	$118.60	—	Cl B New	84670702
—	General Electric Company	25,065	$703K	0.3%	$23.90	—	COM	369604103
—	Navios Maritime Acqstn	159,694	$703K	0.3%	$3.55	—	SHS	Y62159101
—	Fifth Street Finance Cp	74,326	$688K	0.3%	$10.47	—	Com	31678A103
—	Mid-Con Energy Partn Lp	28,684	$655K	0.3%	$23.27	—	Com Unit Repst	59560V109
—	Promotora De Info Adr Af	298,537	$654K	0.3%	$2.05	—	ADR Cl A Shs	74343G204
CSCO	Cisco Systems Inc	28,090	$630K	0.3%	$16.93	-10.2%	Com	17275R102
INTC	Intel Corp	23,175	$602K	0.3%	$16.99	+5.5%	Com	458140100
IBM	Intl Business Machines	2,893	$543K	0.2%	$106.40	0.0%	Com	459200101
MTNA 6 01/15/16	Arcelormittal Sa	20,000	$520K	0.2%	$21.50	—	Mand CV NT 16	L0302D178
—	Navios Maritime	43,698	$488K	0.2%	$6.14	—	COM	Y62196103
—	Xoma Corp	71,000	$478K	0.2%	$6.73	—	COM	98419J107
PNNT	Pennantpark Invt Corp	40,715	$472K	0.2%	$2.50	+4.1%	COM	708062104
PFLT	Pennantpark Cap Ltd	33,567	$461K	0.2%	$4.07	-0.7%	COM	70806A106
GS	Goldman Sachs Group Inc	2,429	$431K	0.2%	$123.18	+6.1%	Com	38141G104
MRK	Merck & Co Inc	7,215	$361K	0.2%	$30.97	+1.0%	Com	58933Y105
—	Hewlett-Packard Company	10,752	$301K	0.1%	$21.02	—	Com	428236103
XOM	Exxon Mobil Corporation	2,971	$301K	0.1%	$68.22	-18.0%	Com	30231G102
HIMX	Himax Technologies Adr	20,250	$298K	0.1%	$10.00	—	Sponsored ADR	43289P106
—	Bank Of America Corp	17,273	$269K	0.1%	$15.57	—	Com	60505104
—	Credit Suisse Gold Etn	19,205	$265K	0.1%	$13.80	—	Goldinc LKD32ETN	22542D480
BOND	Pimco Total Return ETF	2,490	$261K	0.1%	$105.77	—	Totl Retn ETF	72201R775
CVX	Chevron Corp	2,059	$257K	0.1%	$67.90	+6.8%	Com	166764100
HAL	Halliburton Co Hldg Co	5,000	$254K	0.1%	$37.32	+10.6%	Com	406216101
DKL	Delek Logistics Lp	8,000	$253K	0.1%	$30.63	—	Com Unt RP Int	24664T103
JNJ	Johnson & Johnson	2,731	$250K	0.1%	$63.54	+3.5%	Com	478160104
—	Cliffs Natural Resources Inc.	10,000	$230K	0.1%	$19.80	—	COM	18683K101
T	A T & T Inc.	6,543	$230K	0.1%	$11.17	0.0%	COM	00206R102
F	Ford Motor Company	14,200	$219K	0.1%	$9.02	-0.2%	Com Par $0.01	345370860
VLY	Valley National Bancorp	21,000	$213K	0.1%	$10.10	-0.7%	Com	919794107
—	Stonegate Mortgage Corp	12,690	$210K	0.1%	$16.55	—	Com	86181Q300
GENC	Gencor Industries Inc	18,000	$172K	0.1%	$5.26	+15.6%	Com	368678108
NOK	Nokia Corp Spon Adr	11,850	$96,000	0.0%	$6.50	—	Sponsored ADR	654902204
—	Inovio Pharmaceuticals	32,000	$93,000	0.0%	$2.91	—	Com	45773H102
—	Antares Pharma Inc	13,750	$61,000	0.0%	$4.44	—	Com	36642106
—	Sirius Satellite Radio	10,880	$38,000	0.0%	$3.85	—	Com	82967N108