Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	POWERSHARES SENIOR LOAN	1,051,101	$26.15M	10.1%	$24.77	—	CONV BONDS	73936Q769
EPD	ENTERPRISE PRODS PARTNERS L COM UNIT	314,086	$20.82M	8.0%	$62.15	—	COM	293792107
—	ALPINE TOTAL DYNAMIC DIVIDEND FUND	2,812,250	$11.78M	4.5%	$4.04	—	CONV BONDS	021060108
—	MAGELLAN MIDSTREAM PARTNERS LP	173,485	$10.98M	4.2%	$55.14	—	COM	559080106
PAA	PLAINS ALL AMERN PIPELINE L UNIT L P INT	203,557	$10.54M	4.1%	$55.81	—	COM	726503105
—	HOME LOAN SERVICING SOLUTION LTD	445,690	$10.24M	3.9%	$23.79	—	COM	G6648D109
—	TARGA RESOURCES PARTNERS LP COM UNIT	180,070	$9.418M	3.6%	$50.45	—	COM	87611X105
WMT	WAL MART STORES INC	105,543	$8.305M	3.2%	$19.98	+1.8%	COM	931142103
—	STERLING BANCORP	608,260	$8.132M	3.1%	$13.37	—	COM	85917A100
—	JPMORGAN CHASE & CO ALERIAN ML ETN	171,964	$7.971M	3.1%	$46.33	—	CONV BONDS	46625H365
—	MEDLEY CAP CORP	540,197	$7.482M	2.9%	$13.59	—	COM	58503F106
WMB	WILLIAMS COS INC	193,610	$7.468M	2.9%	$18.09	+1.6%	COM	969457100
—	NEW RESIDENTIAL INVESTMENT CORP.	1,029,078	$6.874M	2.6%	$6.68	—	COM	64828T102
—	WESTERN GAS PARTNERS LP UNIT LP IN	104,068	$6.42M	2.5%	$64.89	—	COM	958254104
NSRGY	NESTLE S A ADR SPON REG SH	83,520	$6.132M	2.4%	$72.92	—	COM	641069406
—	RAIT FINANCIAL TRUST	658,140	$5.904M	2.3%	$7.50	—	COM	749227609
BGS	B & G FOODS INC NEW CL A	173,375	$5.879M	2.3%	$14.13	+0.7%	COM	05508R106
—	PLAINS GP HOLDINGS LP-CL A	178,570	$4.78M	1.8%	$26.77	—	COM	72651A108
—	NEWCASTLE INVESTMENT	820,335	$4.709M	1.8%	$5.45	—	COM	65105M108
FHI	FEDERATED INVESTORS INC-CL B	158,078	$4.553M	1.8%	$16.37	-2.2%	COM	314211103
CBU	COMMUNITY BANK SYSTEM INC.	109,305	$4.337M	1.7%	$23.21	+9.3%	COM	203607106
—	TALLGRASS ENERGY PARTNERS LP	165,580	$4.305M	1.7%	$22.18	—	COM	874697105
HFWA	HERITAGE FINANCIAL CORP	233,160	$3.987M	1.5%	$16.38	0.0%	COM	42722X106
—	BRYN MAWR BANK CORP	121,210	$3.658M	1.4%	$30.18	—	COM	117665109
GIS	GENERAL MILLS INC	72,900	$3.638M	1.4%	$32.31	+1.8%	COM	370334104
—	AMERICAN MIDSTREAM PARTNERS LLP	126,265	$3.419M	1.3%	$27.08	—	COM	02752P100
—	OAKTREE CAPITAL GROUP LLC	53,635	$3.156M	1.2%	$58.84	—	COM	674001201
MURGY	MUENCHENER RUECKVERSICHE ADR	140,755	$3.106M	1.2%	$22.07	—	COM	626188106
MDLZ	MONDELEZ INTERNATIONAL INC	82,509	$2.913M	1.1%	$23.16	+10.2%	COM	609207105
WHG	WESTWOOD HOLDINGS GROUP, INC.	46,156	$2.858M	1.1%	$54.49	0.0%	COM	961765104
DLTR	DOLLAR TREE INC	48,855	$2.756M	1.1%	$48.73	+18.2%	COM	256746108
—	KRAFT FOOD GROUP	49,884	$2.689M	1.0%	$54.83	—	COM	50076Q106
TR	TOOTSIE ROLL INDUSTRIES, INC.	81,120	$2.64M	1.0%	$23.72	0.0%	COM	890516107
PFE	PFIZER INC	74,445	$2.28M	0.9%	$17.34	+1.6%	COM	717081103
—	SENIOR HSG PPTYS TR SH BEN INT	97,505	$2.168M	0.8%	$25.93	—	COM	81721M109
—	PROSHARES TR PSHS SHRT S&P5	80,570	$2.033M	0.8%	$29.69	—	CONV BONDS	74347R503
—	PVR PARTNERS LP	69,663	$1.869M	0.7%	$26.63	—	COM	693665101
—	WILLIAMS PARTNERS LP	31,967	$1.626M	0.6%	$51.60	—	COM	96950F104
CHMI	CHERRY HILL MORTGAGE INVESTMENT	87,530	$1.558M	0.6%	$17.80	—	COM	164651101
AXP	AMERICAN EXPRESS CO	12,800	$1.161M	0.4%	$63.24	+9.5%	COM	025816109
—	KINDER MORGAN EGY PTNS L P UT LTD PT INT	13,929	$1.123M	0.4%	$85.37	—	COM	494550106
—	TEEKAY OFFSHORE PARTNERS LP PARTNERSHIP UN	32,517	$1.076M	0.4%	$32.46	—	COM	Y8565J101
—	KINDER MORGAN MANAGEMENT LLCSHS	13,732	$1.039M	0.4%	$83.47	—	COM	49455U100
JNJ	JOHNSON & JOHNSON	9,452	$866K	0.3%	$59.70	+10.1%	COM	478160104
MBB	ISHARES BARCLAYS MBS BOND	8,165	$854K	0.3%	$105.23	—	CONV BONDS	464288588
—	ONEOK PARTNERS L P	14,600	$769K	0.3%	$51.65	—	COM	68268N103
XOM	EXXON MOBIL CORP	7,261	$735K	0.3%	$53.69	+4.2%	COM	30231G102
—	EL PASO PIPELINE PARTNERS	19,425	$699K	0.3%	$43.65	—	COM	283702108
—	CRESTWOOD EQUITY PARTNERS LP	46,966	$650K	0.3%	$13.84	—	COM	226344109
—	GOOGLE INC	573	$642K	0.2%	$913.22	—	COM	38259P508
—	BUCKEYE PARTNERS L P	8,005	$568K	0.2%	$70.14	—	COM	118230101
VZ	VERIZON COMMUNICATIONS	10,735	$528K	0.2%	$27.03	-1.5%	COM	92343V104
—	PLAYMATES HOLDINGS	410,000	$513K	0.2%	$1.08	—	COM	034832960
—	CELGENE CORP	3,010	$509K	0.2%	$117.00	—	COM	151020104
ET	ENERGY TRANSFER EQUITY L P UT LTD PTN	6,100	$499K	0.2%	$60.19	—	COM	29273V100
—	FERRELLGAS PARTNERS L P UNIT LTD PRTNRS	21,729	$499K	0.2%	$21.64	—	COM	315293100
—	CRESTWOOD MIDSTREAM PARTNERS LP	19,505	$485K	0.2%	$24.87	—	COM	226378107
COST	COSTCO WHOLESALE CORP	4,000	$476K	0.2%	$86.56	+9.9%	COM	22160K105
AAPL	APPLE COMPUTER INC	822	$461K	0.2%	$14.28	+14.6%	COM	037833100
FIVE	FIVE BELOW	10,000	$432K	0.2%	$37.24	+28.8%	COM	33829M101
PG	PROCTER & GAMBLE COMPANY	5,112	$416K	0.2%	$55.00	+5.5%	COM	742718109
IBM	I B M	2,209	$414K	0.2%	$118.94	-10.5%	COM	459200101
XEL	XCEL ENERGY INC	12,714	$355K	0.1%	$19.76	-3.6%	COM	98389B100
—	EV ENERGY PARTNERS LP	10,000	$339K	0.1%	$37.40	—	COM	26926V107
—	MARKWEST ENERGY PARTNERS L PUNIT LTD PARTN	4,500	$298K	0.1%	$66.89	—	COM	570759100
—	HOWARD BANCORP	31,045	$289K	0.1%	$8.39	—	COM	442496105
CAT	CATERPILLAR INC	3,114	$283K	0.1%	$61.55	+1.8%	COM	149123101
AMP	AMERIPRISE FINL INC	2,400	$276K	0.1%	$68.12	+17.5%	COM	03076C106
GEL	GENESIS ENERGY LP	5,000	$263K	0.1%	$51.80	—	COM	371927104
—	TIME WARNER INC COM	3,699	$258K	0.1%	$57.83	—	COM	887317303
—	DCP MIDSTREAM PARTNERS LP UT LTD PTN	5,000	$252K	0.1%	$51.71	—	COM	23311P100
—	Nuveen Dividend Advantage Municipal Income Fund	20,000	$250K	0.1%	$13.34	—	CONV BONDS	67071L106
META	FACEBOOK INC	4,500	$246K	0.1%	$36.96	+34.9%	COM	30303M102
—	BREITBURN ENERGY PARTNERS LPCOM UT LTD PTN	12,000	$244K	0.1%	$18.25	—	COM	106776107
T	A T & T INC (NEW)	6,843	$241K	0.1%	$11.39	-2.0%	COM	00206R102
MRK	MERCK & COMPANY	4,634	$232K	0.1%	$30.02	+4.2%	COM	58933Y105
—	E M C CORP MASS	8,800	$221K	0.1%	$23.64	—	COM	268648102
—	CROSSTEX ENERGY L P	7,500	$207K	0.1%	$27.60	—	COM	22765U102
—	NUVEEN MULT CURR ST GV INCM COM	10,440	$105K	0.0%	$11.21	—	CONV BONDS	67090N109
—	SINGING MACH INC	372,500	$101K	0.0%	$0.22	—	COM	829322304
—	RITE AID CORP	15,000	$76,000	0.0%	$5.07	—	COM	767754104
—	ECOSPHERE TECH INC	173,012	$48,000	0.0%	$0.35	—	COM	27922X105
—	MOBIQUITY TECHNOLOGIES INC.	21,000	$10,000	0.0%	$0.48	—	COM	60743F102
—	THORNBURG MTG INC NEW	100,000	$0	0.0%	—	—	COM	885218800