Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	LEVEL 3 COMMUNICATIONS INC	1,930,211	$104M	21.3%	$22.20	—	COM NEW	52729N308
—	CHIMERA INVT CORP	15,938,854	$50.05M	10.3%	$3.01	—	COM	16934Q109
BKD	BROOKDALE SR LIVING INC	603,940	$22.8M	4.7%	$27.55	+32.9%	COM	112463104
EPD	ENTERPRISE PRODS PARTNERS L	679,022	$22.36M	4.6%	$51.23	—	COM	293792107
—	CYS INVTS INC	2,060,310	$18.36M	3.8%	$8.50	—	COM	12673A108
GS	GOLDMAN SACHS GROUP INC	79,400	$14.93M	3.1%	$120.06	+24.8%	COM	38141G104
—	ANNALY CAP MGMT INC	1,361,822	$14.16M	2.9%	$12.54	—	COM	035710409
—	TWO HBRS INVT CORP	1,272,654	$13.52M	2.8%	$10.11	—	COM	90187B101
SYK	STRYKER CORP	131,220	$12.11M	2.5%	$56.92	+44.0%	COM	863667101
—	GENERAL ELECTRIC CO	427,069	$10.6M	2.2%	$23.19	—	COM	369604103
—	MFA FINL INC	1,218,300	$9.576M	2.0%	$7.97	—	COM	55272X102
—	ELLINGTON FINANCIAL LLC	442,344	$8.807M	1.8%	$22.62	—	COM	288522303
—	MVC CAPITAL INC	899,714	$8.529M	1.7%	$11.74	—	COM	553829102
—	SOLAR SR CAP LTD	456,100	$7.348M	1.5%	$16.16	—	COM	83416M105
—	WEST CORP	208,412	$7.03M	1.4%	$28.40	—	COM	952355204
ARI	APOLLO COML REAL EST FIN INC	385,985	$6.631M	1.4%	$15.82	—	COM	03762U105
SLRC	SOLAR CAP LTD	320,713	$6.491M	1.3%	$6.92	+1.8%	COM	83413U100
—	ALLIED WRLD ASSUR COM HLDG A	160,440	$6.482M	1.3%	$55.85	—	SHS	H01531104
—	BARRICK GOLD CORP	568,250	$6.228M	1.3%	$14.79	—	COM	067901108
—	ZAIS FINL CORP	309,811	$5.527M	1.1%	$17.81	—	COM	98886K108
PNNT	PENNANTPARK INVT CORP	608,670	$5.508M	1.1%	$2.48	-4.2%	COM	708062104
GSBD	GOLDMAN SACHS BDC INC	250,000	$5.165M	1.1%	$20.75	0.0%	SHS	38147U107
NMFC	NEW MTN FIN CORP	337,800	$4.932M	1.0%	$3.91	+18.6%	COM	647551100
—	HOME LN SERVICING SOLUTIONS	296,034	$4.896M	1.0%	$22.13	—	ORD SHS	G6648D109
AAPL	APPLE INC	2,400	$4.823M	1.0%	—	—	Call	037833100
—	NUSTAR ENERGY LP	70,406	$4.274M	0.9%	$45.65	—	UNIT COM	67058H102
NEM	NEWMONT MINING CORP	192,763	$4.185M	0.9%	$17.09	+6.8%	COM	651639106
—	TRANSATLANTIC PETROLEUM LTD	686,528	$3.666M	0.8%	$8.35	—	SHS NEW	G89982113
—	REGENCY ENERGY PARTNERS L P	148,835	$3.404M	0.7%	$26.97	—	COM UNITS L P	75885Y107
—	COMCAST CORP NEW	60,000	$3.364M	0.7%	$39.67	—	CL A SPL	20030N200
GM	GENERAL MTRS CO	88,211	$3.308M	0.7%	$26.01	+8.2%	COM	37045V100
CSCO	CISCO SYS INC	120,000	$3.303M	0.7%	$15.24	+31.9%	COM	17275R102
ZBH	ZIMMER HLDGS INC	27,100	$3.185M	0.7%	$67.30	+55.1%	COM	98956P102
—	TARGA RESOURCES PARTNERS LP	76,095	$3.147M	0.6%	$50.45	—	COM UNIT	87611X105
—	THL CR INC	250,025	$3.073M	0.6%	$12.42	—	COM	872438106
PFE	PFIZER INC	84,247	$2.931M	0.6%	$16.46	+22.1%	COM	717081103
STWD	STARWOOD PPTY TR INC	111,753	$2.716M	0.6%	$24.75	—	COM	85571B105
—	TC PIPELINES LP	38,000	$2.476M	0.5%	$48.29	—	UT COM LTD PRT	87233Q108
CFG	CITIZENS FINL GROUP INC	100,000	$2.413M	0.5%	$16.71	0.0%	COM	174610105
EXC	EXELON CORP	70,000	$2.353M	0.5%	$15.41	+9.3%	COM	30161N101
BXMT	BLACKSTONE MTG TR INC	81,949	$2.325M	0.5%	$28.24	—	COM CL A	09257W100
—	FACTORSHARES TR	75,000	$2.098M	0.4%	$26.70	—	ISE CYBER SEC	30304R407
SYNA	SYNAPTICS INC	25,073	$2.039M	0.4%	$66.96	+12.8%	COM	87157D109
—	BUCKEYE PARTNERS L P	26,963	$2.036M	0.4%	$69.06	—	UNIT LTD PARTN	118230101
XOM	EXXON MOBIL CORP	23,240	$1.975M	0.4%	$53.69	+3.5%	COM	30231G102
—	MAGELLAN MIDSTREAM PRTNRS LP	24,600	$1.887M	0.4%	$54.51	—	COM UNIT RP LP	559080106
PFLT	PENNANTPARK FLOATING RATE CA	127,994	$1.796M	0.4%	$4.18	+8.8%	COM	70806A106
RIG	TRANSOCEAN LTD	121,138	$1.777M	0.4%	$24.77	-34.6%	REG SHS	H8817H100
MSFT	MICROSOFT CORP	42,400	$1.724M	0.4%	$26.70	+39.5%	COM	594918104
—	CALUMET SPECIALTY PRODS PTNR	69,547	$1.673M	0.3%	$36.38	—	UT LTD PARTNER	131476103
—	MB FINANCIAL INC NEW	50,000	$1.566M	0.3%	$26.80	—	COM	55264U108
—	JPMORGAN CHASE & CO	70,200	$1.545M	0.3%	—	—	Call	46634E114
—	ZAIS GROUP HLDGS INC	143,000	$1.31M	0.3%	$9.16	—	COM	98887G106
LLY	LILLY ELI & CO	18,000	$1.308M	0.3%	$42.21	+38.9%	COM	532457108
ABBV	ABBVIE INC	22,000	$1.288M	0.3%	$26.55	+46.3%	COM	00287Y109
TR	TOOTSIE ROLL INDS INC	37,608	$1.276M	0.3%	$22.01	+13.7%	COM	890516107
MCD	MCDONALDS CORP	1,500	$1.264M	0.3%	—	—	Call	580135101
—	MEDLEY CAP CORP	123,334	$1.129M	0.2%	$12.93	—	COM	58503F106
—	AMERICAN CAPITAL AGENCY CORP	49,600	$1.058M	0.2%	$21.53	—	COM	02503X105
KGC	KINROSS GOLD CORP	463,352	$1.038M	0.2%	$4.62	-37.1%	COM NO PAR	496902404
—	E M C CORP MASS	40,000	$1.022M	0.2%	$23.63	—	COM	268648102
ABT	ABBOTT LABS	22,000	$1.019M	0.2%	$28.85	+29.7%	COM	002824100
—	FIREEYE INC	2,148	$988K	0.2%	—	—	Call	31816Q101
—	GOOGLE INC	171	$988K	0.2%	—	—	Call	38259P706
ZTS	ZOETIS INC	21,174	$980K	0.2%	$29.32	+41.4%	CL A	98978V103
NEWT	NEWTEK BUSINESS SVCS CORP	59,100	$977K	0.2%	$13.70	+17.2%	COM NEW	652526203
—	ISTAR FINL INC	75,000	$975K	0.2%	$11.29	—	COM	45031U101
—	INVESCO MORTGAGE CAPITAL INC	60,834	$945K	0.2%	$16.57	—	COM	46131B100
—	PLAINS GP HLDGS L P	32,000	$908K	0.2%	$25.69	—	SHS A REP LTPN	72651A108
—	BOARDWALK PIPELINE PARTNERS	49,796	$802K	0.2%	$30.20	—	UT LTD PARTNER	096627104
MDLZ	MONDELEZ INTL INC	20,000	$722K	0.1%	$23.16	+22.3%	CL A	609207105
—	LAYNE CHRISTENSEN CO	1,000,000	$683K	0.1%	$0.68	—	NOTE 4.250%11/1	521050AB0
—	APOLLO INVT CORP	84,800	$651K	0.1%	$8.48	—	COM	03761U106
—	TOTAL S A	12,500	$621K	0.1%	$48.70	—	SPONSORED ADR	89151E109
—	GENERAL GROWTH PPTYS INC NEW	20,719	$612K	0.1%	$19.87	—	COM	370023103
VALE	VALE S A	105,600	$597K	0.1%	$13.15	—	ADR	91912E105
—	SILVER BAY RLTY TR CORP	36,791	$595K	0.1%	$16.55	—	COM	82735Q102
—	KRAFT FOODS GROUP INC	6,666	$581K	0.1%	$55.81	—	COM	50076Q106
—	STARWOOD WAYPOINT RESIDENTL	22,350	$578K	0.1%	$28.77	—	COM SHS	85571W109
ESNT	ESSENT GROUP LTD	23,600	$564K	0.1%	$19.64	+9.4%	COM	G3198U102
—	AMERICAN CAP LTD	38,000	$562K	0.1%	$14.79	—	COM	02503Y103
EARN	ELLINGTON RESIDENTIAL MTG RE	33,607	$550K	0.1%	$15.93	—	COM SHS BEN INT	288578107
FDUS	FIDUS INVT CORP	34,728	$534K	0.1%	$4.75	+0.6%	COM	316500107
—	NUVEEN PREM INCOME MUN FD	37,251	$522K	0.1%	$12.32	—	COM	67062T100
BKD	BROOKDALE SR LIVING INC	2,125	$497K	0.1%	$27.55	+32.9%	Put	112463104
SYNA	SYNAPTICS INC	250	$450K	0.1%	$66.96	+12.8%	Call	87157D109
COP	CONOCOPHILLIPS	7,200	$448K	0.1%	$39.96	+14.0%	COM	20825C104
—	OCWEN FINL CORP	51,400	$424K	0.1%	$20.95	—	COM NEW	675746309
THC	TENET HEALTHCARE CORP	750	$402K	0.1%	—	—	Call	88033G407
KBR	KBR INC	27,000	$391K	0.1%	$26.54	-47.8%	COM	48242W106
—	INVESCO QUALITY MUNI INC TRS	30,674	$385K	0.1%	$11.12	—	COM	46133G107
—	MAXWELL TECHNOLOGIES INC	46,100	$372K	0.1%	$11.24	—	COM	577767106
—	INVESCO MUN OPPORTUNITY TR	27,800	$360K	0.1%	$11.73	—	COM	46132C107
—	HI-CRUSH PARTNERS LP	10,000	$351K	0.1%	$35.10	—	COM UNIT LTD	428337109
—	INVESCO MUN TR	26,900	$344K	0.1%	$11.60	—	COM	46131J103
HRZN	HORIZON TECHNOLOGY FIN CORP	24,294	$336K	0.1%	$3.68	+8.3%	COM	44045A102
—	INVESCO ADVANTAGE MUNICIPAL	28,300	$333K	0.1%	$10.53	—	SH BEN INT	46132E103
—	EATON VANCE MUN BD FD	25,500	$329K	0.1%	$11.29	—	COM	27827X101
—	INVESCO TR INVT GRADE MUNS	24,400	$328K	0.1%	$12.17	—	COM	46131M106
KMI	KINDER MORGAN INC DEL	7,600	$320K	0.1%	$20.66	+15.5%	COM	49456B101
IBM	INTERNATIONAL BUSINESS MACHS	300	$309K	0.1%	—	—	Call	459200101
RITM	NEW RESIDENTIAL INVT CORP	19,646	$295K	0.1%	$15.02	—	COM NEW	64828T201
CQP	CHENIERE ENERGY PARTNERS LP	8,816	$264K	0.1%	$31.99	—	COM UNIT	16411Q101
EPR	EPR PPTYS	4,400	$264K	0.1%	$57.56	—	COM SH BEN INT	26884U109
—	DOW CHEM CO	500	$263K	0.1%	—	—	Call	260543103
—	PUTNAM MANAGED MUN INCOM TR	32,800	$242K	0.0%	$6.65	—	COM	746823103
—	PENNEY J C INC	25,000	$210K	0.0%	$8.62	—	COM	708160106
—	VALE S A	37,500	$182K	0.0%	$12.16	—	ADR REPSTG PFD	91912E204
—	AEROPOSTALE	50,000	$174K	0.0%	$5.02	—	COM	007865108
—	AMERICAN CAP LTD	1,000	$153K	0.0%	$14.79	—	Call	02503Y103
GM	GENERAL MTRS CO	250	$143K	0.0%	$26.01	+8.2%	Call	37045V100
—	SANDRIDGE ENERGY INC	61,162	$109K	0.0%	$4.76	—	COM	80007P307
—	OCWEN FINL CORP	1,400	$104K	0.0%	$20.95	—	Call	675746309
—	PLAINS GP HLDGS L P	500	$94,000	0.0%	$25.69	—	Call	72651A108
MSFT	MICROSOFT CORP	500	$5,000	0.0%	$26.70	+39.5%	Call	594918104