First Foundation Advisors 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M CO	COM	88579Y101	859	4,366	SH		SOLE		4,329	0	37
ABBOTT LABS	COM	002824100	371	6,088	SH		SOLE		4,399	0	1,689
AbbVie Inc	COM	00287y109	940	10,150	SH		SOLE		6,670	0	3,480
Accenture PLC	SHS CLASS A	g1151c101	774	4,734	SH		SOLE		3,395	0	1,339
Activision Blizzard Inc	COM	00507v109	2,417	31,674	SH		SOLE		27,411	0	4,263
ALEXANDER & BALDWIN INC NEW	COM	014491104	19	817	SH		SOLE		817	0	0
ALEXANDER & BALDWIN INC NEW	COM	014491104	214	9,120	SH		DFND	1	9,120	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	2,372	18,801	SH		SOLE		18,750	0	51
ALEXANDRIA REAL ESTATE EQ IN	PFD CONV SER D	015271505	2,412	68,902	SH		SOLE		62,865	0	6,037
Alibaba Group Holding Inc	SPONSORED ADR	01609w102	7,701	41,508	SH		SOLE		40,824	0	684
ALIGN TECHNOLOGY INC	COM	016255101	605	1,769	SH		SOLE		1,734	0	35
Allergan PLC	SHS	g0177j108	2,029	12,172	SH		SOLE		11,945	0	227
ALLIANZGI CONV & INCOME FD I	COM	018825109	71	11,760	SH		SOLE		11,760	0	0
Alphabet Inc Class A	CAP STK CL A	02079k305	3,163	2,801	SH		SOLE		1,481	0	1,320
Alphabet Inc Class A	CAP STK CL A	02079k305	656	581	SH		DFND	1	581	0	0
Alphabet Inc Class C	CAP STK CK C	02079k107	46,390	41,581	SH		SOLE		37,158	0	4,423
Alphabet Inc Class C	CAP STK CK C	02079k107	2,681	2,403	SH		DFND	1	2,403	0	0
Altria Group Inc	COM	02209s103	23,482	413,487	SH		SOLE		368,918	0	44,569
AMAZON COM INC	COM	023135106	9,102	5,355	SH		SOLE		4,991	0	364
AMGEN INC	COM	031162100	803	4,348	SH		SOLE		3,640	0	708
ANALOG DEVICES INC	COM	032654105	2,059	21,465	SH		SOLE		5,253	0	16,212
Anheuser-Busch InBev NV ADR	SPONSORED ADR	03524a108	16,233	161,109	SH		SOLE		144,530	0	16,579
Anheuser-Busch InBev NV ADR	SPONSORED ADR	03524a108	1,627	16,150	SH		DFND	1	16,150	0	0
ANNALY CAP MGMT INC	COM	035710409	208	20,260	SH		SOLE		19,954	0	306
APPLE INC	COM	037833100	13,205	71,336	SH		SOLE		56,519	0	14,818
APPLIED MATLS INC	COM	038222105	256	5,552	SH		SOLE		3,513	0	2,039
Aptiv PLC	SHS	g6095l109	824	8,990	SH		SOLE		2,275	0	6,715
ARISTA NETWORKS INC	COM	040413106	875	3,400	SH		SOLE		3,400	0	0
AT&T Inc	COM	00206r102	1,531	47,668	SH		SOLE		41,772	0	5,896
Atlassian Corp PLC Class A	CL A	g06242104	938	15,000	SH		SOLE		15,000	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	208	1,552	SH		SOLE		300	0	1,252
AUTOZONE INC	COM	053332102	796	1,187	SH		SOLE		294	0	893
BALL CORP	COM	058498106	18,735	527,016	SH		SOLE		468,961	0	58,055
BALL CORP	COM	058498106	459	12,900	SH		DFND	1	12,900	0	0
BANK AMER CORP	COM	060505104	1,312	46,524	SH		SOLE		38,004	0	8,520
BANK AMER CORP	7.25%CNV PFD L	060505682	1,447	1,157	SH		SOLE		1,019	0	138
BANK NEW YORK MELLON CORP	COM	064058100	33,492	621,029	SH		SOLE		550,986	0	70,042
Baozun Inc ADR	SPONSORED ADR	06684l103	2,369	43,310	SH		SOLE		43,310	0	0
BAXTER INTL INC	COM	071813109	306	4,140	SH		SOLE		802	0	3,338
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	4,513	16	SH		SOLE		16	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	50,926	272,841	SH		SOLE		237,026	0	35,815
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	3,490	18,700	SH		DFND	1	18,700	0	0
BlackRock California Municipal	SH BEN INT	09248e102	217	16,674	SH		SOLE		16,674	0	0
BlackRock Core Bond Trust	SHS BEN INT	09249e101	2,188	171,506	SH		SOLE		161,919	0	9,587
BLACKROCK CR ALLCTN INC TR	COM	092508100	3,620	299,696	SH		SOLE		281,305	0	18,391
Blackrock Floating Rate Income	COM	09255x100	5,100	366,911	SH		SOLE		320,694	0	46,217
BLACKROCK FLOATING RATE INCO	COM	091941104	169	12,908	SH		SOLE		12,908	0	0
BLACKROCK INC	COM	09247X101	20,817	41,714	SH		SOLE		37,294	0	4,420
Blackrock Ltd Duration	COM SHS	09249w101	4,081	274,447	SH		SOLE		253,452	0	20,995
BLACKROCK MULTI-SECTOR INC T	COM	09258A107	2,975	174,096	SH		SOLE		159,874	0	14,222
BLACKROCK MUN INCOME TR	SH BEN INT	09248F109	309	23,955	SH		SOLE		23,955	0	0
Blackrock Muniholdings CA Insu	COM	09254l107	1,489	112,872	SH		SOLE		89,930	0	22,942
Blackrock Muniyield CA Fund In	COM	09254m105	150	11,238	SH		SOLE		11,238	0	0
Blackrock Muniyield CA Insured	COM	09254n103	311	23,312	SH		SOLE		23,312	0	0
Blackrock Target Trm Tr	COM SHS BEN IN	09257p105	2,622	121,632	SH		SOLE		98,435	0	23,197
Blackrock Taxable Municipal Bo	SHS	09248x100	508	22,998	SH		SOLE		22,998	0	0
Blackrock Taxable Municipal Bo	SHS	09248x100	1,583	71,636	SH		DFND	1	71,636	0	0
Blackstone Group LP	COM UNIT LTD	09253u108	356	11,061	SH		SOLE		11,061	0	0
BOARDWALK PIPELINE PARTNERS	UT LTD PARTNER	096627104	252	21,650	SH		DFND	1	21,650	0	0
BOEING CO	COM	097023105	2,963	8,830	SH		SOLE		6,445	0	2,385
Bofi Holding Inc	COM	05566u108	1,964	48,000	SH		SOLE		48,000	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	597	10,789	SH		SOLE		8,305	0	2,484
BRITISH AMERN TOB PLC	SPONSORED ADR	110448107	17,410	345,087	SH		SOLE		310,556	0	34,531
BRITISH AMERN TOB PLC	SPONSORED ADR	110448107	2,679	53,105	SH		DFND	1	53,105	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	13,764	339,513	SH		SOLE		304,399	0	35,113
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	670	16,520	SH		DFND	1	16,520	0	0
Brookfield Infrastructure Part	LP INT UNIT	g16252101	1,037	27,000	SH		SOLE		27,000	0	0
BROOKFIELD REAL ASSETS INCOM	SHS BEN INT	112830104	963	42,403	SH		SOLE		36,479	0	5,924
BROWN FORMAN CORP	CL B	115637209	1,638	33,423	SH		SOLE		31,075	0	2,347
BUCKEYE PARTNERS L P	UNIT LTD PARTN	118230101	598	17,000	SH		SOLE		17,000	0	0
Calamos Global Dynamic Income	COM	12811l107	90	10,000	SH		SOLE		10,000	0	0
CATERPILLAR INC DEL	COM	149123101	412	3,036	SH		SOLE		1,640	0	1,396
CENTURYLINK INC	COM	156700106	18,865	1,012,086	SH		SOLE		911,247	0	100,840
CENTURYLINK INC	COM	156700106	4,423	237,277	SH		DFND	1	237,277	0	0
SCHWAB CHARLES CORP NEW	COM	808513105	2,488	48,687	SH		SOLE		47,855	0	832
Charter Communications Inc	CL A	16119p108	152	519	SH		SOLE		502	0	17
Charter Communications Inc	CL A	16119p108	503	1,715	SH		DFND	1	1,715	0	0
CHEVRON CORP NEW	COM	166764100	3,917	30,982	SH		SOLE		20,659	0	10,323
CIGNA CORPORATION	COM	125509109	332	1,952	SH		SOLE		1,805	0	147
CISCO SYS INC	COM	17275R102	4,111	95,529	SH		SOLE		47,639	0	47,890
CITIGROUP INC	COM NEW	172967424	402	6,010	SH		SOLE		4,908	0	1,102
COCA COLA CO	COM	191216100	4,035	91,997	SH		SOLE		34,570	0	57,427
Cohen & Steers Limited Duratio	COM	19248c105	1,694	66,246	SH		SOLE		59,409	0	6,837
Cohen & Steers Limited Duratio	COM	19248c105	1,122	43,860	SH		DFND	1	43,860	0	0
COLGATE PALMOLIVE CO	COM	194162103	261	4,020	SH		SOLE		4,020	0	0
Collectors Universe Inc	COM NEW	19421r200	1,406	95,400	SH		SOLE		80,678	0	14,722
Collectors Universe Inc	COM NEW	19421r200	295	20,000	SH		DFND	1	20,000	0	0
Comcast Corp	CL A	20030n101	461	14,061	SH		SOLE		10,939	0	3,122
CONOCOPHILLIPS	COM	20825C104	650	9,343	SH		SOLE		3,300	0	6,043
Cornerstone Strategic Value Fu	COM	21924b302	148	10,500	SH		SOLE		10,500	0	0
Costco Wholesale Corp	COM	22160k105	1,378	6,596	SH		SOLE		5,920	0	676
THE CUSHING MLP INFASTCR TOT	COM NEW	231631201	149	12,468	SH		SOLE		12,468	0	0
CVS HEALTH CORP	COM	126650100	614	9,543	SH		SOLE		6,994	0	2,549
CYS Investments Inc	COM	12673a108	187	25,000	SH		SOLE		25,000	0	0
DEERE & CO	COM	244199105	298	2,132	SH		SOLE		2,106	0	26
DIAGEO P L C	SPON ADR NEW	25243Q205	4,417	30,672	SH		SOLE		27,284	0	3,388
DOMINION ENERGY INC	COM	25746U109	440	6,457	SH		SOLE		6,398	0	59
DOUBLELINE INCOME SOLUTIONS	COM	258622109	646	32,327	SH		SOLE		30,902	0	1,425
DOUBLELINE INCOME SOLUTIONS	COM	258622109	1,031	51,599	SH		DFND	1	51,599	0	0
DowDuPont Inc	COM	26078j100	11,558	175,330	SH		SOLE		25,739	0	149,591
DTE ENERGY CO	COM	233331107	218	2,100	SH		SOLE		600	0	1,500
Duke Energy Corp	COM NEW	26441c204	293	3,707	SH		SOLE		1,029	0	2,678
DXC Technology Co	COM	23355l106	1,100	13,640	SH		SOLE		3,533	0	10,107
Eaton Vance California Municip	SH BEN INT	27826f101	974	84,951	SH		SOLE		72,489	0	12,462
Eaton Vance Limited Duration I	COM	27828h105	2,946	234,174	SH		SOLE		211,917	0	22,257
EATON VANCE MUN BD FD	COM	27827X101	830	70,267	SH		SOLE		52,368	0	17,899
EATON VANCE MUN INCOME 2028	SHS	27829U105	1,312	66,329	SH		SOLE		38,499	0	27,830
Eaton Vance National Muni	COM SHS	27829l105	1,203	58,853	SH		SOLE		44,444	0	14,409
Eaton Vance Risk-Managed Diver	COM	27829g106	147	15,600	SH		SOLE		14,600	0	1,000
EBAY INC	COM	278642103	1,344	37,060	SH		SOLE		11,754	0	25,306
EDISON INTL	COM	281020107	1,048	16,566	SH		SOLE		16,365	0	201
EDWARDS LIFESCIENCES CORP	COM	28176E108	244	1,679	SH		SOLE		300	0	1,379
ELDORADO GOLD CORP NEW	COM	284902103	11	11,330	SH		SOLE		11,330	0	0
ELECTRONIC ARTS INC	COM	285512109	999	7,081	SH		SOLE		7,054	0	27
LILLY ELI & CO	COM	532457108	282	3,300	SH		SOLE		1,483	0	1,817
Ellie Mae Inc	COM	28849p100	366	3,527	SH		SOLE		3,527	0	0
EMERSON ELEC CO	COM	291011104	610	8,823	SH		SOLE		6,800	0	2,023
Entegris Inc	COM	29362u104	881	26,000	SH		SOLE		26,000	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	967	34,954	SH		SOLE		34,510	0	444
Exxon Mobil Corp	COM	30231g102	4,012	48,496	SH		SOLE		42,738	0	5,758
Facebook Inc	CL A	30303m102	118,525	609,947	SH		SOLE		607,064	0	2,883
FedEx Corp	COM	31428x106	239	1,054	SH		SOLE		884	0	170
Financial Select Sector SPDR F	SBI INT-INDS	81369y605	277	10,400	SH		SOLE		9,900	0	500
First Trust Dorsey Wright Focu	DORSEY WRT 5 ETF	33738r605	200	6,800	SH		SOLE		6,800	0	0
First Trust Senior Floating Ra	COM	33733u108	3,740	291,087	SH		SOLE		268,039	0	23,048
FLAHERTY&CRMN PFD SEC INCOM	COM	338478100	1,404	74,231	SH		SOLE		65,172	0	9,059
FLAHERTY&CRMN PFD SEC INCOM	COM	338478100	1,459	77,090	SH		DFND	1	77,090	0	0
Flaherty and Crumrine Dynamic	SHS	33848w106	1,790	76,302	SH		SOLE		66,774	0	9,528
Flaherty and Crumrine Dynamic	SHS	33848w106	481	20,500	SH		DFND	1	20,500	0	0
Gaming & Leisure Properties	COM	36467j108	26,339	735,717	SH		SOLE		735,646	0	71
GAP INC DEL	COM	364760108	335	10,345	SH		SOLE		10,200	0	145
GCI Liberty Inc	COM CLASS A	36164v305	164	3,628	SH		SOLE		3,561	0	67
GCI Liberty Inc	COM CLASS A	36164v305	1,324	29,365	SH		DFND	1	29,365	0	0
GENERAL DYNAMICS CORP	COM	369550108	248	1,330	SH		SOLE		1,302	0	28
GENERAL ELECTRIC CO	COM	369604103	546	40,083	SH		SOLE		31,228	0	8,855
General Motors Co	COM	37045v100	349	8,859	SH		SOLE		6,564	0	2,295
GENIUS BRANDS INTL INC	COM PAR	37229T301	37	15,525	SH		DFND	1	15,525	0	0
GILEAD SCIENCES INC	COM	375558103	4,673	65,964	SH		SOLE		64,150	0	1,814
GLACIER BANCORP INC NEW	COM	37637Q105	387	10,009	SH		SOLE		10,009	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	472	11,714	SH		SOLE		5,582	0	6,132
GLOBAL NET LEASE INC	COM NEW	379378201	703	34,422	SH		SOLE		34,422	0	0
GOLDMAN SACHS ETF TR	ACTIVEBETA EME	381430206	363	10,933	SH		SOLE		10,799	0	134
GOLDMAN SACHS ETF TR	ACTIVEBETA INT	381430107	944	32,145	SH		SOLE		31,871	0	274
GOLDMAN SACHS ETF TR	EQUITY ETF	381430503	912	16,650	SH		SOLE		16,650	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	22,460	101,827	SH		SOLE		90,573	0	11,254
Goldman Sachs MLP Income Oppor	COM SHS	38147w103	1,295	143,559	SH		SOLE		134,892	0	8,667
GRAMERCY PPTY TR	COM NEW	385002308	51,795	1,895,863	SH		SOLE		1,653,392	0	242,471
GRAMERCY PPTY TR	COM NEW	385002308	1,090	39,900	SH		DFND	1	39,900	0	0
GRUBHUB INC	COM	400110102	954	9,094	SH		SOLE		9,000	0	94
HAIN CELESTIAL GROUP INC	COM	405217100	372	12,500	SH		SOLE		12,500	0	0
HIGHLAND FDS I	HI LD IBOXX SRLN	430101774	1,007	55,653	SH		SOLE		53,330	0	2,323
HOME DEPOT INC	COM	437076102	5,600	28,706	SH		SOLE		6,854	0	21,852
HONEYWELL INTL INC	COM	438516106	408	2,834	SH		SOLE		2,650	0	184
HSBC HLDGS PLC	SPON ADR NEW	404280406	247	5,232	SH		SOLE		5,027	0	205
Huazhu Group Ltd ADR	SPONSORED ADS	44332n106	1,092	26,000	SH		SOLE		26,000	0	0
HUYA Inc ADR	ADS REP SHS A	44852d108	1,069	32,500	SH		SOLE		32,500	0	0
IDEXX Laboratories Inc	COM	45168d104	493	2,264	SH		SOLE		2,253	0	11
INTEL CORP	COM	458140100	1,572	31,625	SH		SOLE		22,354	0	9,271
INTELLIPHARMACEUTICS INTL IN	COM	458173101	4	10,000	SH		SOLE		10,000	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	948	6,786	SH		SOLE		5,898	0	888
Intuitive Surgical Inc	COM NEW	46120e602	964	2,014	SH		SOLE		2,000	0	14
Invesco Dynamic Credit Opportu	COM	46132r104	5,114	440,121	SH		SOLE		406,839	0	33,282
Invesco Municipal Opportunity	COM	46132c107	637	54,282	SH		SOLE		50,037	0	4,245
Invesco QQQ Trust Series 1	UNIT SER 1	46090e103	339	1,975	SH		SOLE		675	0	1,300
INVESCO QUALITY MUNI INC TRS	COM	46133G107	1,165	97,698	SH		SOLE		82,371	0	15,327
Invesco Value Municipal Income	COM	46132p108	664	46,996	SH		SOLE		41,993	0	5,003
Invesco Van Kampen CA Value Mu	COM	46132h106	1,155	97,890	SH		SOLE		93,841	0	4,049
Invesco Variable Rate Investme	VAR RATE INVT	46090a879	373	14,860	SH		SOLE		14,749	0	111
iQIYI Inc ADR	SPONSORED ADS	46267x108	1,174	36,350	SH		SOLE		36,350	0	0
iShares Core MSCI EAFE ETF	CORE MSCI EAFE	46432f842	850	13,411	SH		SOLE		10,677	0	2,734
ISHARES TR	CORE S&P MCP ETF	464287507	436	2,239	SH		SOLE		2,239	0	0
ISHARES TR	CORE S&P SCP ETF	464287804	366	4,390	SH		SOLE		3,490	0	900
ISHARES TR	CORE S&P TTL STK	464287150	3,223	51,551	SH		SOLE		50,334	0	1,217
ISHARES TR	SELECT DIVID ETF	464287168	242	2,474	SH		SOLE		1,924	0	550
iShares Edge MSCI Multifactor	MULTIFACTOR USA	46434v282	3,468	108,463	SH		SOLE		105,326	0	3,137
iShares Floating Rate Bond Fun	FLTG RATE BD ETF	46429b655	337	6,614	SH		SOLE		6,182	0	432
ISHARES TR	IBOXX HI YD ETF	464288513	250	2,936	SH		SOLE		2,543	0	393
ISHARES TR	MSCI EAFE ETF	464287465	394	5,880	SH		SOLE		5,031	0	849
iShares MSCI EAFE Minimum Vola	EAFE MIN VOL ETF	46429b689	424	5,963	SH		SOLE		5,963	0	0
ISHARES TR	EAFE SML CP ETF	464288273	323	5,155	SH		SOLE		5,155	0	0
ISHARES TR	MSCI EMG MKT ETF	464287234	410	9,459	SH		SOLE		8,458	0	1,001
iShares MSCI Japan ETF	MSCI JPN ETF NEW	46434g822	239	4,132	SH		SOLE		4,132	0	0
ISHARES TR	MSCI KLD400 SOC	464288570	468	4,635	SH		SOLE		4,635	0	0
ISHARES INC	MSCI PAC JP ETF	464286665	478	10,387	SH		SOLE		10,387	0	0
ISHARES TR	RUS 1000 GRW ETF	464287614	375	2,607	SH		SOLE		2,607	0	0
ISHARES TR	RUS 1000 VAL ETF	464287598	295	2,431	SH		SOLE		2,431	0	0
ISHARES TR	RUS 2000 GRW ETF	464287648	315	1,541	SH		SOLE		1,231	0	310
ISHARES TR	RUSSELL 2000 ETF	464287655	233	1,420	SH		SOLE		1,166	0	254
ISHARES TR	RUS 2000 VAL ETF	464287630	1,470	11,144	SH		SOLE		11,144	0	0
ISHARES TR	CORE S&P500 ETF	464287200	2,405	8,808	SH		SOLE		8,623	0	185
ISHARES TR	CALIF MUN BD ETF	464288356	444	7,587	SH		SOLE		7,587	0	0
JACOBS ENGR GROUP INC DEL	COM	469814107	332	5,228	SH		SOLE		4,330	0	898
Jamba Inc	COM NEW	47023a309	1,881	176,603	SH		SOLE		150,474	0	26,129
Jamba Inc	COM NEW	47023a309	1,990	186,856	SH		DFND	1	186,856	0	0
PENNEY J C INC	COM	708160106	30	12,700	SH		SOLE		12,700	0	0
JOHNSON & JOHNSON	COM	478160104	37,618	310,020	SH		SOLE		274,945	0	35,075
JOHNSON & JOHNSON	COM	478160104	473	3,900	SH		DFND	1	3,900	0	0
JPMorgan Chase & Co	COM	46625h100	11,783	113,085	SH		SOLE		107,598	0	5,487
Just Energy Group Inc Com	COM	48213w101	54	15,000	SH		SOLE		15,000	0	0
KAYNE ANDERSON ENERGY DEV CO	COM	48660Q102	1,459	83,890	SH		SOLE		75,464	0	8,427
Kayne Anderson Mdstm Com	COM	48661e108	3,097	239,130	SH		SOLE		206,516	0	32,614
Kayne Anderson Mdstm Com	COM	48661e108	400	30,888	SH		DFND	1	30,888	0	0
KAYNE ANDERSON MLP INVT CO	COM	486606106	1,451	77,018	SH		SOLE		71,859	0	5,158
KCAP Financial Inc	COM	48668e101	39	12,000	SH		SOLE		12,000	0	0
KENNAMETAL INC	COM	489170100	512	14,272	SH		SOLE		3,554	0	10,718
KIMBERLY CLARK CORP	COM	494368103	276	2,619	SH		SOLE		1,822	0	797
KINDER MORGAN INC DEL	COM	49456B101	199	11,239	SH		SOLE		10,808	0	431
KRAFT HEINZ CO	COM	500754106	263	4,182	SH		SOLE		2,403	0	1,779
LAM RESEARCH CORP	COM	512807108	273	1,578	SH		SOLE		1,538	0	40
LAS VEGAS SANDS CORP	COM	517834107	2,035	26,644	SH		SOLE		23,631	0	3,013
LIBERTY BROADBAND CORP	COM SER C	530307305	10,844	143,215	SH		SOLE		129,795	0	13,420
Liberty Global Inc	SHS CL A	g5480u104	649	23,548	SH		SOLE		23,205	0	343
Liberty Global Inc	SHS CL A	g5480u104	3,195	116,011	SH		DFND	1	116,011	0	0
LIBERTY MEDIA CORP DELAWARE	COM SER A FRMLA	531229870	1,244	35,240	SH		SOLE		34,765	0	475
LIBERTY MEDIA CORP DELAWARE	COM SER A FRMLA	531229870	3,662	103,702	SH		DFND	1	103,702	0	0
LOCKHEED MARTIN CORP	COM	539830109	628	2,126	SH		SOLE		1,608	0	518
LOWES COS INC	COM	548661107	13,013	136,163	SH		SOLE		112,987	0	23,176
MACERICH CO	COM	554382101	897	15,786	SH		SOLE		15,292	0	494
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	706	10,222	SH		SOLE		10,222	0	0
Mallinckrodt Inc/NY	SHS	g5785g107	1,680	90,031	SH		SOLE		0	0	90,031
MARTIN MARIETTA MATLS INC	COM	573284106	24,095	107,888	SH		SOLE		96,266	0	11,622
Mastercard Inc	CL A	57636q104	390	1,982	SH		SOLE		1,506	0	476
MCDONALDS CORP	COM	580135101	1,802	11,499	SH		SOLE		10,363	0	1,136
MCKESSON CORP	COM	58155Q103	220	1,650	SH		SOLE		1,425	0	225
Medley Capital Corp	COM	58503f106	52	15,000	SH		SOLE		15,000	0	0
Medtronic PLC	SHS	g5960l103	27,501	321,235	SH		SOLE		265,780	0	55,455
MERCK & CO INC	COM	58933Y105	1,008	16,608	SH		SOLE		14,873	0	1,735
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	3,187	564,071	SH		SOLE		530,714	0	33,357
MICRON TECHNOLOGY INC	COM	595112103	2,319	44,224	SH		SOLE		43,936	0	288
MICROSOFT CORP	COM	594918104	122,511	1,242,382	SH		SOLE		1,200,573	0	41,809
MOLSON COORS BREWING CO	CL B	60871R209	1,173	17,233	SH		SOLE		4,290	0	12,943
MONDELEZ INTL INC	CL A	609207105	480	11,699	SH		SOLE		11,580	0	119
MOTOROLA SOLUTIONS INC	COM NEW	620076307	1,248	10,721	SH		SOLE		2,601	0	8,120
MYnd Analytics Inc	COM NEW	62857n202	29	16,000	SH		SOLE		16,000	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	463	10,678	SH		SOLE		10,658	0	20
Netflix Inc	COM	64110l106	5,330	13,618	SH		SOLE		13,462	0	156
Neuberger Berman CA Interm Mu	COM	64123c101	204	16,300	SH		SOLE		16,300	0	0
Neuberger Berman Real Estate S	COM	64190a103	81	15,771	SH		SOLE		15,771	0	0
NEW AMER HIGH INCOME FD INC	COM NEW	641876800	4,097	475,282	SH		SOLE		437,446	0	37,835
NEW ORIENTAL ED & TECH GRP I	SPON ADR	647581107	2,092	22,100	SH		SOLE		22,100	0	0
NEXTERA ENERGY INC	COM	65339F101	438	2,623	SH		SOLE		2,351	0	272
Nextpoint Residential Trust	COM	65341d102	251	8,820	SH		SOLE		0	0	8,820
NIKE INC	CL B	654106103	1,430	17,949	SH		SOLE		6,094	0	11,855
NUVEEN AMT FREE QLTY MUN INC	COM	670657105	1,829	140,594	SH		SOLE		100,399	0	40,195
Nuveen Build America Bond Fund	COM	67074c103	238	11,532	SH		SOLE		11,532	0	0
Nuveen Build America Bond Fund	COM	67074c103	1,523	73,882	SH		DFND	1	73,882	0	0
NUVEEN CALIF MUN VALUE FD	COM	67062C107	4,323	455,482	SH		SOLE		442,644	0	12,838
Nuveen CA Sel Tax Free Income	SH BEN INT	67063r103	150	10,733	SH		SOLE		10,733	0	0
NUVEEN CALIFORNIA AMT QLT MU	COM	670651108	227	16,682	SH		SOLE		16,682	0	0
Nuveen California Quality Muni	COM	67066y105	2,278	170,540	SH		SOLE		138,256	0	32,284
Nuveen Credit Strategies Incom	COM SHS	67073d102	6,532	821,697	SH		SOLE		769,462	0	52,235
Nuveen Credit Strategies Incom	COM SHS	67073d102	1,113	140,000	SH		DFND	1	140,000	0	0
Nuveen Enhanced AMT-Free Muni	COM	67071l106	402	27,536	SH		SOLE		26,136	0	1,400
Nuveen Enhanced Municipal Cred	COM SH BEN INT	67070x101	832	58,029	SH		SOLE		58,029	0	0
NUVEEN INTER DURATION MN TMF	COM	670671106	246	19,788	SH		SOLE		19,788	0	0
NUVEEN INT DUR QUAL MUN TRM	COM	670677103	146	11,628	SH		SOLE		11,628	0	0
Nuveen Preferred Income Opport	COM	67073b106	4,299	460,767	SH		SOLE		425,221	0	35,546
Nuveen Quality Municipal Incom	COM	67066v101	1,304	98,008	SH		SOLE		75,266	0	22,742
NUVEEN PFD & INCM SECURTIES	COM	67072C105	157	17,843	SH		SOLE		13,685	0	4,158
Nuveen Real Asset Income and G	COM	67074y105	3,326	205,834	SH		SOLE		191,166	0	14,668
NVIDIA Corp	COM	67066g104	3,967	16,747	SH		SOLE		16,358	0	389
OAKTREE CAP GROUP LLC	UNIT CL A	674001201	1,819	44,748	SH		SOLE		44,748	0	0
OAKTREE CAP GROUP LLC	UNIT CL A	674001201	632	15,556	SH		DFND	1	15,556	0	0
Oaktree Specialty Lending Corp	COM	67401p108	82	17,200	SH		SOLE		17,200	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	14,680	175,436	SH		SOLE		155,203	0	20,232
ONEOK INC NEW	COM	682680103	265	3,799	SH		SOLE		3,747	0	52
ORACLE CORP	COM	68389X105	15,903	360,936	SH		SOLE		321,838	0	39,098
Orchid Island Capital Inc	COM	68571x103	90	12,000	SH		SOLE		12,000	0	0
Oxford Square Capital Corp	COM	69181v107	173	25,126	SH		SOLE		25,126	0	0
PACCAR INC	COM	693718108	249	4,017	SH		SOLE		4,000	0	17
PACIFIC MERCANTILE BANCORP	COM	694552100	123	12,568	SH		SOLE		0	0	12,568
PCM FUND INC	COM	69323T101	2,892	252,552	SH		SOLE		233,478	0	19,073
PEPSICO INC	COM	713448108	1,270	11,663	SH		SOLE		9,967	0	1,696
PFIZER INC	COM	717081103	31,757	875,334	SH		SOLE		709,535	0	165,800
PHILIP MORRIS INTL INC	COM	718172109	30,322	375,549	SH		SOLE		337,025	0	38,524
PHILLIPS 66	COM	718546104	515	4,582	SH		SOLE		546	0	4,036
PICO HLDGS INC	COM NEW	693366205	4,117	353,367	SH		SOLE		288,653	0	64,714
PICO HLDGS INC	COM NEW	693366205	7,309	627,422	SH		DFND	1	627,422	0	0
PIMCO Active Bond ETF	ACTIVE BD ETF	72201r775	341	3,309	SH		SOLE		3,309	0	0
PIMCO CA Municipal Income Fund	COM	72200m108	85	10,267	SH		SOLE		10,267	0	0
PIMCO Corporate Opportunity Fu	COM	72201b101	324	18,545	SH		SOLE		14,542	0	4,003
PIMCO Dynamic Credit Income Fu	COM SHS	72202d106	8,032	340,752	SH		SOLE		317,479	0	23,273
PIMCO Dynamic Credit Income Fu	COM SHS	72202d106	1,862	79,000	SH		DFND	1	79,000	0	0
PIMCO Dynamic Income Fund	SHS	72201y101	955	29,965	SH		SOLE		28,518	0	1,447
PIMCO Enhanced Short Maturity	ENHAN SHRT MA AC	72201r833	3,118	30,708	SH		SOLE		30,652	0	56
PIMCO INCOME STRATEGY FUND	COM	72201H108	339	28,644	SH		SOLE		27,294	0	1,350
PIMCO Income Strategy Fund II	COM	72201j104	3,411	325,806	SH		SOLE		315,301	0	10,505
PIMCO Municipal Income Fund II	COM	72200w106	400	30,591	SH		SOLE		30,591	0	0
PIMCO Municipal Income Fund III	COM	72201a103	277	23,979	SH		SOLE		23,979	0	0
Pinnacle Entertainment Inc	COM	72348y105	45,609	1,352,177	SH		SOLE		1,352,177	0	0
PNC FINL SVCS GROUP INC	COM	693475105	335	2,482	SH		SOLE		2,129	0	353
ETF SER SOLUTIONS	POINT BRIDGE GOP	26922A628	23,114	836,865	SH		SOLE		836,865	0	0
PROCTER AND GAMBLE CO	COM	742718109	1,788	22,904	SH		SOLE		20,645	0	2,259
Prospect Capital Corp	COM	74348t102	362	53,947	SH		SOLE		53,947	0	0
Public Storage	COM	74460d109	500	2,203	SH		SOLE		2,174	0	29
QUALCOMM INC	COM	747525103	13,866	247,083	SH		SOLE		227,368	0	19,716
RAYTHEON CO	COM NEW	755111507	447	2,312	SH		SOLE		672	0	1,640
REALTY INCOME CORP	COM	756109104	264	4,908	SH		SOLE		3,762	0	1,146
REAVES UTIL INCOME FD	COM SH BEN INT	756158101	1,101	38,088	SH		SOLE		32,090	0	5,998
RED HAT INC	COM	756577102	554	4,122	SH		SOLE		3,668	0	454
REPUBLIC SVCS INC	COM	760759100	11,187	163,648	SH		SOLE		143,452	0	20,196
Retail Opportunity Investments	COM	76131n101	39,968	2,085,989	SH		SOLE		1,873,012	0	212,977
Retail Opportunity Investments	COM	76131n101	2,349	122,620	SH		DFND	1	122,620	0	0
REXFORD INDL RLTY INC	COM	76169C100	39,143	1,247,001	SH		SOLE		1,088,312	0	158,689
RingCentral Inc	CL A	76680r206	1,778	25,280	SH		SOLE		25,280	0	0
RLI CORP	COM	749607107	268	4,051	SH		SOLE		4,051	0	0
RLJ Lodging Trust Pfd 1.95 Co	CUM CONV PFD A	74965l200	858	32,716	SH		SOLE		27,709	0	5,007
RLJ Lodging Trust Pfd 1.95 Co	CUM CONV PFD A	74965l200	197	7,492	SH		DFND	1	7,492	0	0
ROCKWELL AUTOMATION INC	COM	773903109	468	2,813	SH		SOLE		2,782	0	31
ROCKWELL COLLINS INC	COM	774341101	562	4,172	SH		SOLE		4,132	0	40
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	211	2,903	SH		SOLE		2,903	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	365	5,272	SH		SOLE		5,094	0	178
ROYCE MICRO-CAP TR INC	COM	780915104	1,467	146,875	SH		SOLE		129,720	0	17,154
S&P Global Inc	COM	78409v104	282	1,383	SH		SOLE		314	0	1,069
SCHLUMBERGER LTD	COM	806857108	22,761	339,571	SH		SOLE		298,786	0	40,785
SCOTTS MIRACLE GRO CO	CL A	810186106	241	2,895	SH		SOLE		2,852	0	43
Sensient Technologies Corp	COM	81725t100	492	6,870	SH		SOLE		1,710	0	5,160
Service Now Inc	COM	81762p102	937	5,434	SH		SOLE		5,400	0	34
Skyworks Solutions Inc	COM	83088m102	899	9,298	SH		SOLE		3,294	0	6,004
Snap Inc	CL A	83304a106	2,880	220,000	SH		SOLE		0	0	220,000
SONY CORP	SPONSORED ADR	835699307	10,111	197,259	SH		SOLE		179,339	0	17,920
SONY CORP	SPONSORED ADR	835699307	633	12,350	SH		DFND	1	12,350	0	0
SPDR Gold Trust	GOLD SHS	78463v107	339	2,854	SH		SOLE		2,854	0	0
SPDR S&P 500 ETF Unit Trust	TR UNIT	78462f103	6,112	22,531	SH		SOLE		19,550	0	2,981
SQUARE INC	CL A	852234103	1,387	22,509	SH		SOLE		22,500	0	9
STARBUCKS CORP	COM	855244109	1,297	26,541	SH		SOLE		25,242	0	1,299
Starwood Property Trust Inc	COM	85571b105	27,848	1,282,740	SH		SOLE		1,161,785	0	120,955
STEEL DYNAMICS INC	COM	858119100	493	10,738	SH		SOLE		2,696	0	8,042
SYSCO CORP	COM	871829107	387	5,667	SH		SOLE		5,500	0	167
TAL ED GROUP	SPONSORED ADS	874080104	1,178	32,000	SH		SOLE		32,000	0	0
Tanzanian Royalty Exploration	COM	87600u104	50	117,371	SH		SOLE		117,371	0	0
TCW STRATEGIC INCOME FUND IN	COM	872340104	5,449	992,569	SH		SOLE		902,094	0	90,475
TCW STRATEGIC INCOME FUND IN	COM	872340104	218	39,710	SH		DFND	1	39,710	0	0
Telecom Italia SpA ADR	SPON ADR ORD	87927y102	40	5,441	SH		SOLE		5,441	0	0
Telecom Italia SpA ADR	SPON ADR ORD	87927y102	417	56,800	SH		DFND	1	56,800	0	0
Tortoise Energy Infrastructure	COM	89147l100	1,483	55,564	SH		SOLE		50,322	0	5,241
Trex Company Inc	COM	89531p105	407	6,500	SH		SOLE		6,500	0	0
Twenty-First Century Fox Inc	CL A	90130a200	10	210	SH		SOLE		210	0	0
Twenty-First Century Fox Inc	CL A	90130a200	1,107	22,475	SH		DFND	1	22,475	0	0
Twenty-First Century Fox Inc C	CL A	90130a101	21,287	428,403	SH		SOLE		380,372	0	48,032
UNILEVER PLC	SPON ADS	904767704	18,511	334,857	SH		SOLE		299,304	0	35,552
UNION PAC CORP	COM	907818108	552	3,897	SH		SOLE		3,379	0	518
UNITED PARCEL SERVICE INC	CL B	911312106	50,379	474,249	SH		SOLE		443,042	0	31,207
UNITED TECHNOLOGIES CORP	COM	913017109	25,669	205,300	SH		SOLE		182,227	0	23,073
UnitedHealth Group Inc	COM	91324p102	2,809	11,449	SH		SOLE		10,998	0	451
VANGUARD INDEX FDS	MID CAP ETF	922908629	3,527	22,372	SH		SOLE		22,372	0	0
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	1,429	17,547	SH		SOLE		16,427	0	1,120
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	5,051	20,245	SH		SOLE		20,145	0	100
VANGUARD ADMIRAL FDS INC	SMLLCP 600 IDX	921932828	1,997	13,106	SH		SOLE		13,106	0	0
Vereit, Inc.	COM	92339v100	56,961	7,656,040	SH		SOLE		6,758,923	0	897,117
Vereit, Inc.	COM	92339v100	1,443	193,900	SH		DFND	1	193,900	0	0
Verizon Communications Inc	COM	92343v104	1,011	20,103	SH		SOLE		13,069	0	7,033
VISA INC	COM CL A	92826C839	880	6,644	SH		SOLE		4,249	0	2,395
VULCAN MATLS CO	COM	929160109	989	7,662	SH		SOLE		1,901	0	5,761
WABTEC CORP	COM	929740108	788	7,993	SH		SOLE		2,004	0	5,989
WALGREENS BOOTS ALLIANCE INC	COM	931427108	1,898	31,620	SH		SOLE		28,987	0	2,634
WALMART INC	COM	931142103	532	6,209	SH		SOLE		5,429	0	780
DISNEY WALT CO	COM DISNEY	254687106	27,629	263,613	SH		SOLE		233,345	0	30,268
WEIBO CORP	SPONSORED ADR	948596101	386	4,350	SH		SOLE		4,350	0	0
WELLS FARGO CO NEW	COM	949746101	982	17,708	SH		SOLE		14,424	0	3,284
WELLS FARGO CO NEW	PERP PFD CNV A	949746804	3,573	2,838	SH		SOLE		2,695	0	143
WELLS FARGO CO NEW	PERP PFD CNV A	949746804	497	395	SH		DFND	1	395	0	0
WELLS FARGO MULTI SECTOR INC	COM	94987D101	2,642	211,693	SH		SOLE		196,411	0	15,282
Western Asset/Claymore US Trea	COM	95766r104	2,067	185,358	SH		SOLE		173,863	0	11,494
WOODWARD INC	COM	980745103	461	6,001	SH		SOLE		6,000	0	1
World Wrestling Entertainment	CL A	98156q108	211	2,893	SH		SOLE		2,893	0	0
WYNN RESORTS LTD	COM	983134107	822	4,912	SH		SOLE		4,900	0	12
YY Inc	ADS REPCOM CLA	98426t106	311	3,100	SH		SOLE		3,100	0	0
ZTO Express Cayman Inc ADR	SPONSORED ADR	98980a105	1,360	68,000	SH		SOLE		68,000	0	0