Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	LEVEL 3 COMMUNICATIONS INC	1,930,211	$102M	21.6%	$22.20	—	COM NEW	52729N308
—	CHIMERA INVT CORP	4,000,815	$54.85M	11.6%	$13.71	—	COM NEW	16934Q208
BKD	BROOKDALE SR LIVING INC	603,940	$20.96M	4.5%	$27.55	+33.8%	COM	112463104
EPD	ENTERPRISE PRODS PARTNERS L	679,022	$20.3M	4.3%	$51.23	—	COM	293792107
—	CYS INVTS INC	2,060,310	$15.93M	3.4%	$8.50	—	COM	12673A108
GS	GOLDMAN SACHS GROUP INC	69,400	$14.49M	3.1%	$120.06	+37.1%	COM	38141G104
SYK	STRYKER CORP	131,220	$12.54M	2.7%	$56.92	+47.2%	COM	863667101
—	ANNALY CAP MGMT INC	1,361,822	$12.52M	2.7%	$12.54	—	COM	035710409
—	TWO HBRS INVT CORP	1,272,654	$12.39M	2.6%	$10.11	—	COM	90187B101
—	GENERAL ELECTRIC CO	427,069	$11.35M	2.4%	$23.19	—	COM	369604103
—	MVC CAPITAL INC	899,714	$9.177M	1.9%	$11.74	—	COM	553829102
—	MFA FINL INC	1,218,300	$9.004M	1.9%	$7.97	—	COM	55272X102
SLRC	SOLAR CAP LTD	458,713	$8.257M	1.8%	$6.99	+2.5%	COM	83413U100
—	ELLINGTON FINANCIAL LLC	442,344	$8.188M	1.7%	$22.62	—	COM	288522303
—	SOLAR SR CAP LTD	456,100	$7.193M	1.5%	$16.16	—	COM	83416M105
—	ALLIED WRLD ASSUR COM HLDG A	160,440	$6.934M	1.5%	$55.85	—	SHS	H01531104
ARI	APOLLO COML REAL EST FIN INC	385,985	$6.342M	1.3%	$15.82	—	COM	03762U105
—	WEST CORP	208,412	$6.273M	1.3%	$28.40	—	COM	952355204
—	BARRICK GOLD CORP	568,250	$6.058M	1.3%	$14.79	—	COM	067901108
PNNT	PENNANTPARK INVT CORP	634,056	$5.567M	1.2%	$2.48	+0.7%	COM	708062104
—	ZAIS FINL CORP	323,420	$5.23M	1.1%	$17.74	—	COM	98886K108
NMFC	NEW MTN FIN CORP	337,800	$4.894M	1.0%	$3.91	+22.7%	COM	647551100
AAPL	APPLE INC	2,400	$4.547M	1.0%	—	—	Call	037833100
NEM	NEWMONT MINING CORP	192,763	$4.503M	1.0%	$17.09	+14.3%	COM	651639106
—	NUSTAR ENERGY LP	70,406	$4.179M	0.9%	$45.65	—	UNIT COM	67058H102
—	COMCAST CORP NEW	60,000	$3.596M	0.8%	$39.67	—	CL A SPL	20030N200
—	TRANSATLANTIC PETROLEUM LTD	686,528	$3.508M	0.7%	$8.35	—	SHS NEW	G89982113
—	THL CR INC	295,040	$3.408M	0.7%	$12.29	—	COM	872438106
CSCO	CISCO SYS INC	120,000	$3.295M	0.7%	$15.24	+35.4%	COM	17275R102
—	ENERGY TRANSFER PRTNRS L P	61,380	$3.204M	0.7%	$52.20	—	UNIT LTD PARTN	29273R109
ZBH	ZIMMER BIOMET HLDGS INC	27,100	$2.96M	0.6%	$67.30	+50.8%	COM	98956P102
GM	GENERAL MTRS CO	88,211	$2.94M	0.6%	$26.01	+7.1%	COM	37045V100
—	TARGA RESOURCES PARTNERS LP	76,095	$2.937M	0.6%	$50.45	—	COM UNIT	87611X105
PFE	PFIZER INC	84,247	$2.825M	0.6%	$16.46	+26.2%	COM	717081103
STWD	STARWOOD PPTY TR INC	111,753	$2.411M	0.5%	$24.75	—	COM	85571B105
—	FACTORSHARES TR	75,000	$2.366M	0.5%	$26.70	—	ISE CYBER SEC	30304R407
BXMT	BLACKSTONE MTG TR INC	81,949	$2.28M	0.5%	$28.24	—	COM CL A	09257W100
EXC	EXELON CORP	70,000	$2.199M	0.5%	$15.41	+6.6%	COM	30161N101
SYNA	SYNAPTICS INC	25,073	$2.175M	0.5%	$66.96	+36.3%	COM	87157D109
—	TC PIPELINES LP	38,000	$2.166M	0.5%	$48.29	—	UT COM LTD PRT	87233Q108
—	PLAINS GP HLDGS L P	82,000	$2.119M	0.4%	$25.78	—	SHS A REP LTPN	72651A108
—	BUCKEYE PARTNERS L P	26,963	$1.993M	0.4%	$69.06	—	UNIT LTD PARTN	118230101
RIG	TRANSOCEAN LTD	121,138	$1.953M	0.4%	$24.77	-27.3%	REG SHS	H8817H100
XOM	EXXON MOBIL CORP	23,240	$1.934M	0.4%	$53.69	+1.1%	COM	30231G102
MSFT	MICROSOFT CORP	42,400	$1.872M	0.4%	$26.70	+47.1%	COM	594918104
—	MAGELLAN MIDSTREAM PRTNRS LP	24,600	$1.805M	0.4%	$54.51	—	COM UNIT RP LP	559080106
—	FIREEYE INC	2,148	$1.804M	0.4%	—	—	Call	31816Q101
PFLT	PENNANTPARK FLOATING RATE CA	127,994	$1.777M	0.4%	$4.18	+13.4%	COM	70806A106
—	CALUMET SPECIALTY PRODS PTNR	69,547	$1.771M	0.4%	$36.38	—	UT LTD PARTNER	131476103
—	JPMORGAN CHASE & CO	70,200	$1.737M	0.4%	—	—	Call	46634E114
—	MB FINANCIAL INC NEW	50,000	$1.722M	0.4%	$26.80	—	COM	55264U108
—	AMERICAN CAPITAL AGENCY CORP	87,633	$1.61M	0.3%	$20.16	—	COM	02503X105
—	OCWEN FINL CORP	151,400	$1.544M	0.3%	$13.85	—	COM NEW	675746309
LLY	LILLY ELI & CO	18,000	$1.503M	0.3%	$42.21	+49.7%	COM	532457108
ABBV	ABBVIE INC	22,000	$1.478M	0.3%	$26.55	+59.4%	COM	00287Y109
TR	TOOTSIE ROLL INDS INC	38,736	$1.252M	0.3%	$22.10	+14.4%	COM	890516107
—	MEDLEY CAP CORP	123,334	$1.099M	0.2%	$12.93	—	COM	58503F106
ABT	ABBOTT LABS	22,000	$1.08M	0.2%	$28.85	+36.4%	COM	002824100
KGC	KINROSS GOLD CORP	463,352	$1.075M	0.2%	$4.62	-48.4%	COM NO PAR	496902404
—	E M C CORP MASS	40,000	$1.056M	0.2%	$23.63	—	COM	268648102
NEWT	NEWTEK BUSINESS SVCS CORP	59,100	$1.047M	0.2%	$13.70	+28.4%	COM NEW	652526203
ZTS	ZOETIS INC	21,174	$1.021M	0.2%	$29.32	+50.0%	CL A	98978V103
—	ISTAR FINL INC	75,000	$999K	0.2%	$11.29	—	COM	45031U101
—	ZAIS GROUP HLDGS INC	82,621	$901K	0.2%	$9.16	—	COM	98887G106
—	INVESCO MORTGAGE CAPITAL INC	60,834	$871K	0.2%	$16.57	—	COM	46131B100
MCD	MCDONALDS CORP	1,500	$866K	0.2%	—	—	Call	580135101
MDLZ	MONDELEZ INTL INC	20,000	$823K	0.2%	$23.16	+33.2%	CL A	609207105
—	LAYNE CHRISTENSEN CO	1,000,000	$772K	0.2%	$0.68	—	NOTE 4.250%11/1	521050AB0
—	BOARDWALK PIPELINE PARTNERS	49,796	$723K	0.2%	$30.20	—	UT LTD PARTNER	096627104
VALE	VALE S A	105,600	$622K	0.1%	$13.15	—	ADR	91912E105
—	ALTISOURCE PORTFOLIO SOLNS S	20,000	$616K	0.1%	$30.80	—	REG SHS	L0175J104
—	TOTAL S A	12,500	$615K	0.1%	$48.70	—	SPONSORED ADR	89151E109
THC	TENET HEALTHCARE CORP	750	$609K	0.1%	—	—	Call	88033G407
—	APOLLO INVT CORP	84,800	$600K	0.1%	$8.48	—	COM	03761U106
—	SILVER BAY RLTY TR CORP	36,791	$599K	0.1%	$16.55	—	COM	82735Q102
—	KRAFT FOODS GROUP INC	6,666	$568K	0.1%	$55.81	—	COM	50076Q106
BKD	BROOKDALE SR LIVING INC	1,750	$564K	0.1%	$27.55	+33.8%	Put	112463104
—	GENERAL GROWTH PPTYS INC NEW	20,719	$532K	0.1%	$19.87	—	COM	370023103
—	STARWOOD WAYPOINT RESIDENTL	22,350	$531K	0.1%	$28.77	—	COM SHS	85571W109
KBR	KBR INC	27,000	$526K	0.1%	$26.54	-42.2%	COM	48242W106
—	AMERICAN CAP LTD	38,000	$515K	0.1%	$14.79	—	COM	02503Y103
SYNA	SYNAPTICS INC	250	$511K	0.1%	$66.96	+36.3%	Call	87157D109
—	NUVEEN PREM INCOME MUN FD	37,251	$489K	0.1%	$12.32	—	COM	67062T100
EARN	ELLINGTON RESIDENTIAL MTG RE	33,607	$480K	0.1%	$15.93	—	COM SHS BEN INT	288578107
COP	CONOCOPHILLIPS	7,200	$442K	0.1%	$39.96	+16.1%	COM	20825C104
FDUS	FIDUS INVT CORP	27,816	$414K	0.1%	$4.75	+5.3%	COM	316500107
HRZN	HORIZON TECHNOLOGY FIN CORP	30,436	$386K	0.1%	$3.76	+7.6%	COM	44045A102
—	DOW CHEM CO	500	$365K	0.1%	—	—	Call	260543103
—	INVESCO QUALITY MUNI INC TRS	30,674	$363K	0.1%	$11.12	—	COM	46133G107
—	INVESCO MUN OPPORTUNITY TR	27,800	$339K	0.1%	$11.73	—	COM	46132C107
—	INVESCO MUN TR	26,900	$323K	0.1%	$11.60	—	COM	46131J103
—	INVESCO ADVANTAGE MUNICIPAL	28,300	$310K	0.1%	$10.53	—	SH BEN INT	46132E103
—	INVESCO TR INVT GRADE MUNS	24,400	$310K	0.1%	$12.17	—	COM	46131M106
—	EATON VANCE MUN BD FD	25,500	$310K	0.1%	$11.29	—	COM	27827X101
—	HI-CRUSH PARTNERS LP	10,000	$307K	0.1%	$35.10	—	COM UNIT LTD	428337109
RITM	NEW RESIDENTIAL INVT CORP	19,646	$299K	0.1%	$15.02	—	COM NEW	64828T201
IBM	INTERNATIONAL BUSINESS MACHS	300	$293K	0.1%	—	—	Call	459200101
KMI	KINDER MORGAN INC DEL	7,600	$292K	0.1%	$20.66	+17.8%	COM	49456B101
CQP	CHENIERE ENERGY PARTNERS LP	8,816	$272K	0.1%	$31.99	—	COM UNIT	16411Q101
GLW	CORNING INC	1,500	$242K	0.1%	—	—	Call	219350105
EPR	EPR PPTYS	4,400	$241K	0.1%	$57.56	—	COM SH BEN INT	26884U109
—	PUTNAM MANAGED MUN INCOM TR	32,800	$232K	0.0%	$6.65	—	COM	746823103
—	PENNEY J C INC	25,000	$212K	0.0%	$8.62	—	COM	708160106
—	AMERICAN CAP LTD	2,044	$206K	0.0%	$14.79	—	Call	02503Y103
—	VALE S A	37,500	$189K	0.0%	$12.16	—	ADR REPSTG PFD	91912E204
—	OCWEN FINL CORP	400	$138K	0.0%	$13.85	—	Call	675746309
GM	GENERAL MTRS CO	2,126	$92,000	0.0%	$26.01	+7.1%	Call	37045V100
—	AEROPOSTALE	50,000	$81,000	0.0%	$5.02	—	COM	007865108
—	SANDRIDGE ENERGY INC	61,162	$54,000	0.0%	$4.76	—	COM	80007P307
MSFT	MICROSOFT CORP	500	$2,000	0.0%	$26.70	+47.1%	Call	594918104