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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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	COM	88579Y101	885	4,202	SH		SOLE		4,165	0	37
Abbott Laboratories	COM	002824100	431	5,879	SH		SOLE		4,190	0	1,689
AbbVie Inc	COM	00287y109	1,025	10,839	SH		SOLE		7,870	0	2,969
ABIOMED Inc	COM	003654100	590	1,312	SH		SOLE		1,302	0	10
Accenture PLC	SHS CLASS A	g1151c101	808	4,745	SH		SOLE		3,375	0	1,370
Activision Blizzard Inc	COM	00507v109	2,657	31,944	SH		SOLE		31,071	0	873
Alexandria Real Estate Equities Inc	COM	015271109	2,365	18,801	SH		SOLE		18,750	0	51
Alexandria Real Estate Equities Inc Pfd Series D 7	PFD CONV SER D	015271505	2,356	67,919	SH		SOLE		61,864	0	6,055
Alibaba Group Holding Inc	SPONSORED ADS	01609w102	4,962	30,115	SH		SOLE		29,515	0	600
Align Technology Inc	COM	016255101	798	2,040	SH		SOLE		2,005	0	35
Allergan PLC	SHS	g0177j108	2,061	10,818	SH		SOLE		10,599	0	219
Allianzgi Convertible & Income	COM	018825109	72	11,760	SH		SOLE		11,760	0	0
Allstate Corp	COM	020002101	218	2,210	SH		SOLE		2,000	0	210
Alphabet Inc Class A	CAP STK CL A	02079k305	3,596	2,979	SH		SOLE		1,528	0	1,451
Alphabet Inc Class A	CAP STK CL A	02079k305	701	581	SH		DFND	1	581	0	0
Alphabet Inc Class C	CAP STK CK C	02079k107	50,679	42,463	SH		SOLE		38,164	0	4,299
Alphabet Inc Class C	CAP STK CK C	02079k107	2,868	2,403	SH		DFND	1	2,403	0	0
Altria Group Inc	COM	02209s103	14,266	236,542	SH		SOLE		211,256	0	25,287
Amazon.com Inc	COM	023135106	10,133	5,059	SH		SOLE		4,697	0	362
American Finance Trust Inc - Cl A	COM CLASS A	02607t109	465	30,441	SH		SOLE		22,579	0	7,862
AmerisourceBergen Corp	COM	03073e105	344	3,733	SH		SOLE		3,499	0	234
Amgen Inc	COM	031162100	656	3,167	SH		SOLE		2,659	0	508
Analog Devices Inc	COM	032654105	2,963	32,051	SH		SOLE		7,156	0	24,895
Anheuser-Busch InBev NV ADR	SPONSORED ADR	03524a108	14,104	161,062	SH		SOLE		145,896	0	15,166
Anheuser-Busch InBev NV ADR	SPONSORED ADR	03524a108	1,600	18,270	SH		DFND	1	18,270	0	0
Annaly Capital Management Inc	COM	035710409	207	20,260	SH		SOLE		19,954	0	306
Apple Inc	COM	037833100	16,827	74,542	SH		SOLE		60,871	0	13,672
Applied Materials Inc	COM	038222105	218	5,644	SH		SOLE		4,805	0	839
Aptiv PLC	SHS	g6095l109	840	10,009	SH		SOLE		2,418	0	7,591
Arista Networks Inc	COM	040413106	867	3,261	SH		SOLE		3,250	0	11
Armstrong World Industries Inc	COM	04247x102	1,120	16,090	SH		SOLE		3,610	0	12,480
AT&T Inc	COM	00206r102	1,574	46,865	SH		SOLE		40,662	0	6,203
Atlassian Corp PLC Class A	CL A	g06242104	1,937	20,150	SH		SOLE		20,150	0	0
Automatic Data Processing Inc	COM	053015103	234	1,552	SH		SOLE		300	0	1,252
AutoZone Inc	COM	053332102	839	1,082	SH		SOLE		247	0	835
Axos Financial Inc	COM	05465c100	1,651	48,000	SH		SOLE		48,000	0	0
Baidu Inc	SPON ADR REP A	056752108	201	877	SH		SOLE		815	0	62
Ball Corp	COM	058498106	23,320	530,118	SH		SOLE		474,769	0	55,349
Bank of America Corp	COM	060505104	1,332	45,223	SH		SOLE		37,157	0	8,066
Bank of America Non-Cumulative	7.25%CNV PFD L	060505682	1,456	1,125	SH		SOLE		987	0	138
Bank of New York Mellon Co	COM	064058100	31,295	613,746	SH		SOLE		547,850	0	65,896
Baozun Inc ADR	SPONSORED ADR	06684l103	2,055	42,310	SH		SOLE		42,310	0	0
Baxter International Inc	COM	071813109	389	5,040	SH		SOLE		2,502	0	2,538
Berkshire Hathaway CL A	CL A	084670108	5,120	16	SH		SOLE		16	0	0
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	56,929	265,887	SH		SOLE		237,155	0	28,732
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	3,612	16,870	SH		DFND	1	16,870	0	0
Bilibili Inc ADR	SPON ADR REP Z	090040106	1,011	75,000	SH		SOLE		75,000	0	0
BlackRock California Municipal	SH BEN INT	09248e102	257	20,776	SH		SOLE		20,776	0	0
BlackRock Core Bond Trust	SHS BEN INT	09249e101	2,227	174,274	SH		SOLE		163,699	0	10,575
BlackRock Credit Allocation In	COM	092508100	3,798	310,262	SH		SOLE		290,823	0	19,439
Blackrock Floating Rate Income	COM	09255x100	5,428	393,642	SH		SOLE		346,407	0	47,236
Blackrock Floating Rate Income	COM	091941104	170	12,908	SH		SOLE		12,908	0	0
BlackRock Inc Co	COM	09247X101	20,586	43,676	SH		SOLE		39,158	0	4,517
Blackrock Ltd Duration	COM SHS	09249w101	4,280	287,447	SH		SOLE		265,580	0	21,867
Blackrock Multi-Sector Income	COM	09258A107	3,006	177,688	SH		SOLE		162,712	0	14,976
Blackrock Muniholdings CA Insu	COM	09254l107	1,467	116,807	SH		SOLE		93,865	0	22,942
Blackrock Muniyield CA Fund In	COM	09254m105	143	11,238	SH		SOLE		11,238	0	0
Blackrock Muniyield CA Insured	COM	09254n103	309	24,116	SH		SOLE		24,116	0	0
Blackrock Target Trm Tr	COM SHS BEN IN	09257p105	2,327	112,369	SH		SOLE		89,172	0	23,197
Blackrock Taxable Municipal Bo	SHS	09248x100	412	19,426	SH		SOLE		19,426	0	0
Blackrock Taxable Municipal Bo	SHS	09248x100	1,520	71,697	SH		DFND	1	71,697	0	0
Blackstone Group LP	COM UNIT LTD	09253u108	305	8,000	SH		SOLE		8,000	0	0
Boeing Co	COM	097023105	20,082	53,999	SH		SOLE		46,776	0	7,223
Booking Holdings Inc	COM	09857l108	454	229	SH		SOLE		192	0	37
BP PLC	SPONSORED ADR	055622104	232	5,026	SH		SOLE		4,910	0	116
Bristol Myers Squibb Co	COM	110122108	678	10,924	SH		SOLE		8,379	0	2,545
British American Tobacco PLC A	SPONSORED ADR	110448107	15,010	321,892	SH		SOLE		288,549	0	33,343
Brookfield Asset Management In	CL A LTD VT SH	112585104	15,682	352,167	SH		SOLE		316,289	0	35,877
Brookfield Asset Management In	CL A LTD VT SH	112585104	736	16,520	SH		DFND	1	16,520	0	0
Brookfield Infrastructure Part	LP INT UNIT	g16252101	1,077	27,000	SH		SOLE		27,000	0	0
Brookfield Real Assets Income	SHS BEN INT	112830104	965	41,852	SH		SOLE		35,901	0	5,951
Brown Forman Corp Class B With	CL B	115637209	1,696	33,550	SH		SOLE		31,199	0	2,351
Calamos Global Dynamic Income	COM	12811l107	91	10,000	SH		SOLE		10,000	0	0
Caledonia Mining Corp PLC	SHS NEW	g1757e113	115	16,900	SH		SOLE		0	0	16,900
Canadian National Railway Co	COM	136375102	4,282	47,685	SH		SOLE		140	0	47,545
Cardiovascular Systems Inc	COM	141619106	508	12,978	SH		SOLE		12,978	0	0
Caterpillar Inc	COM	149123101	529	3,468	SH		SOLE		2,285	0	1,183
CenturyLink Inc	COM	156700106	20,869	984,364	SH		SOLE		886,013	0	98,351
CenturyLink Inc	COM	156700106	4,153	195,904	SH		DFND	1	195,904	0	0
Cerner Corp	COM	156782104	234	3,632	SH		SOLE		3,475	0	157
Charles Schwab Corp	COM	808513105	2,400	48,822	SH		SOLE		48,011	0	811
Charter Communications Inc	CL A	16119p108	171	526	SH		SOLE		502	0	24
Charter Communications Inc	CL A	16119p108	559	1,715	SH		DFND	1	1,715	0	0
Chevron Corp	COM	166764100	5,137	42,011	SH		SOLE		30,296	0	11,715
Cigna Corp	COM	125509109	409	1,966	SH		SOLE		1,805	0	161
Cisco Systems Inc	COM	17275R102	4,792	98,502	SH		SOLE		46,088	0	52,414
Citigroup Inc	COM NEW	172967424	336	4,686	SH		SOLE		3,708	0	978
Coca-Cola Co	COM	191216100	4,508	97,592	SH		SOLE		34,320	0	63,272
Cohen & Steers Limited Duratio	COM	19248c105	1,431	60,104	SH		SOLE		53,240	0	6,863
Cohen & Steers Limited Duratio	COM	19248c105	1,046	43,936	SH		DFND	1	43,936	0	0
Colgate-Palmolive Co	COM	194162103	271	4,041	SH		SOLE		3,988	0	53
Collectors Universe Inc	COM NEW	19421r200	1,323	89,372	SH		SOLE		74,606	0	14,766
Collectors Universe Inc	COM NEW	19421r200	296	20,000	SH		DFND	1	20,000	0	0
Comcast Corp	CL A	20030n101	491	13,870	SH		SOLE		10,748	0	3,122
ConocoPhillips	COM	20825C104	799	10,320	SH		SOLE		2,951	0	7,369
Cornerstone Strategic Value Fu	COM	21924b302	182	13,000	SH		SOLE		13,000	0	0
Costco Wholesale Corp	COM	22160k105	1,550	6,597	SH		SOLE		5,925	0	672
Cushing MLP Total Return Fund	COM NEW	231631201	148	12,468	SH		SOLE		12,468	0	0
CVS Health Corp	COM	126650100	845	10,729	SH		SOLE		8,177	0	2,552
Deere & Co	COM	244199105	319	2,119	SH		SOLE		2,106	0	13
Diageo PLC ADR	SPON ADR NEW	25243Q205	3,225	22,761	SH		SOLE		20,407	0	2,354
Dominion Resources Inc/VA	COM	25746U109	454	6,461	SH		SOLE		6,398	0	63
Doubleline Income Solutions Cl	COM	258622109	547	27,101	SH		SOLE		25,676	0	1,425
Doubleline Income Solutions Cl	COM	258622109	1,042	51,599	SH		DFND	1	51,599	0	0
DowDuPont Inc	COM	26078j100	11,646	181,093	SH		SOLE		26,536	0	154,557
Duke Energy Corp	COM NEW	26441c204	317	3,965	SH		SOLE		621	0	3,344
DWS Municipal Income Trust	COM	233368109	513	48,930	SH		SOLE		44,507	0	4,423
DXC Technology Co	COM	23355l106	856	9,152	SH		SOLE		2,204	0	6,948
Eaton Vance California Municip	SH BEN INT	27826f101	1,086	96,698	SH		SOLE		84,236	0	12,462
Eaton Vance Limited Duration I	COM	27828h105	4,385	345,843	SH		SOLE		322,598	0	23,245
Eaton Vance Municipal Bond Fun	COM	27827X101	961	83,362	SH		SOLE		51,868	0	31,494
Eaton Vance Municipal Incm 202	SHS	27829U105	1,208	61,920	SH		SOLE		34,090	0	27,830
Eaton Vance National Muni	COM SHS	27829l105	982	45,696	SH		SOLE		31,287	0	14,409
Eaton Vance Risk-Managed Diver	COM	27829g106	198	19,925	SH		SOLE		18,925	0	1,000
eBay Inc	COM	278642103	1,494	45,240	SH		SOLE		16,831	0	28,409
Edison International	COM	281020107	1,078	15,932	SH		SOLE		15,731	0	201
Edwards Lifesciences Corp	COM	28176e108	292	1,679	SH		SOLE		300	0	1,379
Eldorado Gold Corp	COM	284902103	10	11,330	SH		SOLE		11,330	0	0
Electronic Arts Inc	COM	285512109	853	7,080	SH		SOLE		7,050	0	30
Eli Lilly & Co	COM	532457108	324	3,015	SH		SOLE		1,198	0	1,817
Ellie Mae Inc	COM	28849p100	334	3,527	SH		SOLE		3,527	0	0
Emerson Electric Co	COM	291011104	680	8,878	SH		SOLE		6,800	0	2,078
Enbridge Inc	COM	29250n105	437	13,542	SH		SOLE		10,623	0	2,919
Energy Transfer Operating LP	UNIT LTD PRT INT	29278n103	263	11,814	SH		SOLE		6,648	0	5,166
Entegris Inc	COM	29362u104	443	15,300	SH		SOLE		15,300	0	0
Enterprise Products Partners L	COM	293792107	518	18,021	SH		SOLE		18,021	0	0
EQT Midstream Partners LP	UNIT LTD PARTN	26885b100	475	9,000	SH		SOLE		9,000	0	0
Express Scripts Holding Co	COM	30219g108	206	2,167	SH		SOLE		2,028	0	139
Exxon Mobil Corp	COM	30231g102	3,920	46,108	SH		SOLE		40,341	0	5,767
Facebook Inc	CL A	30303m102	119,589	727,162	SH		SOLE		711,851	0	15,311
FedEx Corp	COM	31428x106	232	963	SH		SOLE		810	0	153
First Trust Senior Floating Ra	COM	33733u108	3,770	296,387	SH		SOLE		272,330	0	24,058
Flaherty And Crumine/Claymore	COM	338478100	1,247	68,426	SH		SOLE		59,324	0	9,102
Flaherty And Crumine/Claymore	COM	338478100	702	38,545	SH		DFND	1	38,545	0	0
Flaherty and Crumrine Dynamic	SHS	33848w106	1,630	70,256	SH		SOLE		60,682	0	9,574
Flaherty and Crumrine Dynamic	SHS	33848w106	484	20,879	SH		DFND	1	20,879	0	0
Galectin Therapeutics Inc	COM NEW	363225202	1,477	245,740	SH		SOLE		245,740	0	0
Gaming & Leisure Properties	COM	36467j108	25,653	727,757	SH		SOLE		727,686	0	71
Gap Inc	COM	364760108	298	10,337	SH		SOLE		10,200	0	137
GCI Liberty Inc	COM CLASS A	36164v305	465	9,126	SH		SOLE		8,999	0	127
GCI Liberty Inc	COM CLASS A	36164v305	1,102	21,600	SH		DFND	1	21,600	0	0
General Dynamics Corp	COM	369550108	268	1,309	SH		SOLE		1,302	0	7
General Electric Co	COM	369604103	512	45,382	SH		SOLE		35,870	0	9,512
General Motors Co	COM	37045v100	355	10,557	SH		SOLE		9,264	0	1,293
Gilead Sciences Inc	COM	375558103	4,953	64,149	SH		SOLE		62,331	0	1,818
Glacier Bancorp Inc	COM	37637Q105	431	10,009	SH		SOLE		10,009	0	0
GlaxoSmithKline PLC	SPONSORED ADR	37733W105	466	11,608	SH		SOLE		5,476	0	6,132
Global Net Lease, Inc.	COM NEW	379378201	718	34,422	SH		SOLE		34,422	0	0
Goldman Sachs ActiveBeta Emerg	ACTIVEBETA EME	381430206	474	14,469	SH		SOLE		14,335	0	134
Goldman Sachs ActiveBeta Inter	ACTIVEBETA INT	381430107	1,151	38,930	SH		SOLE		38,656	0	274
Goldman Sachs ActiveBeta U.S.	EQUITY ETF	381430503	1,366	23,251	SH		SOLE		23,251	0	0
Goldman Sachs Group Inc	COM	38141G104	22,809	101,715	SH		SOLE		90,897	0	10,818
Goldman Sachs MLP Income Oppor	COM SHS	38147w103	1,349	146,438	SH		SOLE		137,561	0	8,877
Gramercy Property Trust Inc	COM NEW	385002308	52,158	1,900,815	SH		SOLE		1,649,612	0	251,203
Gramercy Property Trust Inc	COM NEW	385002308	3,099	112,925	SH		DFND	1	112,925	0	0
Grubhub Inc	COM	400110102	1,067	7,694	SH		SOLE		7,600	0	94
Hain Celestial Group Inc/The	COM	405217100	339	12,500	SH		SOLE		12,500	0	0
Halliburton Co	COM	406216101	11,766	290,293	SH		SOLE		258,239	0	32,054
Highland/iBoxx Senior Loan ETF	HI LD IBOXX SRLN	430101774	1,364	74,697	SH		SOLE		72,374	0	2,323
Home Depot Inc	COM	437076102	5,929	28,621	SH		SOLE		6,771	0	21,850
Honeywell International Inc	COM	438516106	474	2,846	SH		SOLE		2,665	0	181
Huazhu Group Ltd ADR	SPONSORED ADS	44332n106	1,034	32,000	SH		SOLE		32,000	0	0
HUYA Inc ADR	ADS REP SHS A	44852d108	931	39,500	SH		SOLE		39,500	0	0
IDEXX Laboratories Inc	COM	45168d104	567	2,271	SH		SOLE		2,257	0	14
Intel Corp	COM	458140100	1,590	33,620	SH		SOLE		24,684	0	8,936
International Business Machine	COM	459200101	795	5,255	SH		SOLE		4,361	0	894
Intuitive Surgical Inc	COM NEW	46120e602	1,041	1,814	SH		SOLE		1,800	0	14
Invesco Dynamic Credit Opportu	COM	46132r104	5,172	450,935	SH		SOLE		416,476	0	34,459
Invesco Municipal Opportunity	COM	46132c107	545	47,679	SH		SOLE		42,379	0	5,300
Invesco QQQ Trust Series 1	UNIT SER 1	46090e103	769	4,140	SH		SOLE		2,840	0	1,300
Invesco Quality Municipal Inco	COM	46133G107	1,064	91,886	SH		SOLE		76,559	0	15,327
Invesco Value Municipal Income	COM	46132p108	586	42,319	SH		SOLE		37,316	0	5,003
Invesco Van Kampen CA Value Mu	COM	46132h106	1,084	92,683	SH		SOLE		88,634	0	4,049
Invesco Variable Rate Investme	VAR RATE INVT	46090a879	861	34,336	SH		SOLE		34,120	0	216
IQ Merger Arbitrage ETF	IQ MRGR ARB ETF	45409b800	445	14,008	SH		SOLE		13,945	0	63
iQIYI Inc ADR	SPONSORED ADS	46267x108	920	34,000	SH		SOLE		34,000	0	0
IQVIA Holdings Inc	COM	46266c105	340	2,618	SH		SOLE		2,303	0	315
iShares Barclays CMBS Bond	CMBS ETF	46429b366	251	5,043	SH		SOLE		5,018	0	25
iShares Core MSCI EAFE ETF	CORE MSCI EAFE	46432f842	2,359	36,810	SH		SOLE		34,076	0	2,734
iShares Core MSCI Emerging Mar	CORE MSCI EMKT	46434g103	896	17,308	SH		SOLE		17,308	0	0
Ishares Core S&P Mcp Etf	CORE S&P MCP ETF	464287507	397	1,974	SH		SOLE		1,974	0	0
iShares Core S&P Small-Cap ETF	CORE S&P SCP ETF	464287804	234	2,678	SH		SOLE		1,778	0	900
iShares Core S&P Total US Stoc	CORE S&P TTL STK	464287150	3,499	52,508	SH		SOLE		51,291	0	1,217
iShares Core U.S. Aggregate Bo	CORE US AGGBD ET	464287226	384	3,642	SH		SOLE		2,768	0	874
iShares DJ Select Dividend Ind	SELECT DIVID ETF	464287168	247	2,474	SH		SOLE		1,924	0	550
iShares Edge MSCI Min Vol EAFE	MIN VOL EAFE ETF	46429b689	434	5,963	SH		SOLE		5,963	0	0
iShares Edge MSCI Multifactor	MULTIFACTOR USA	46434v282	8,689	258,461	SH		SOLE		255,324	0	3,137
iShares Floating Rate Bond Fun	FLTG RATE NT ETF	46429b655	341	6,693	SH		SOLE		6,293	0	400
iShares Iboxx High Yield Corpo	IBOXX HI YD ETF	464288513	213	2,459	SH		SOLE		2,066	0	393
iShares MSCI EAFE ETF	MSCI EAFE ETF	464287465	935	13,749	SH		SOLE		12,900	0	849
iShares MSCI EAFE Small-Cap ET	EAFE SML CP ETF	464288273	306	4,909	SH		SOLE		4,909	0	0
iShares MSCI Emerging Markets	MSCI EMG MKT ETF	464287234	829	19,312	SH		SOLE		18,311	0	1,001
iShares MSCI KLD 400 Social Id	MSCI KLD400 SOC	464288570	519	4,859	SH		SOLE		4,859	0	0
iShares MSCI Pacific ex Japan	MSCI PAC JP ETF	464286665	460	10,132	SH		SOLE		10,132	0	0
iShares Russell 1000 Growth In	RUS 1000 GRW ETF	464287614	407	2,607	SH		SOLE		2,607	0	0
iShares Russell 1000 Value Ind	RUS 1000 VAL ETF	464287598	308	2,431	SH		SOLE		2,431	0	0
iShares Russell 2000 Growth In	RUS 2000 GRW ETF	464287648	223	1,036	SH		SOLE		726	0	310
iShares Russell 2000 Index Fun	RUSSELL 2000 ETF	464287655	265	1,570	SH		SOLE		1,316	0	254
iShares Russell 2000 Value Ind	RUS 2000 VAL ETF	464287630	1,087	8,176	SH		SOLE		8,176	0	0
iShares S&P 500 Index Fund	CORE S&P500 ETF	464287200	3,292	11,247	SH		SOLE		11,062	0	185
iShares S&P California Municip	CALIF MUN BD ETF	464288356	2,009	34,646	SH		SOLE		34,646	0	0
iShares S&P S/T Nationall AMT-	SHRT NAT MUN ETF	464288158	317	3,031	SH		SOLE		3,031	0	0
Jacobs Engineering Group Inc	COM	469814107	411	5,368	SH		SOLE		4,470	0	898
JC Penney Inc	COM	708160106	21	12,700	SH		SOLE		12,700	0	0
Johnson & Johnson	COM	478160104	26,586	192,412	SH		SOLE		170,796	0	21,616
JPMorgan Chase & Co	COM	46625h100	12,622	111,854	SH		SOLE		106,415	0	5,439
Just Energy Group Inc Com	COM	48213w101	46	15,000	SH		SOLE		15,000	0	0
Kayne Anderson Mdstm Com	COM	48661e108	3,502	273,594	SH		SOLE		237,820	0	35,774
Kayne Anderson Mdstm Com	COM	48661e108	856	66,908	SH		DFND	1	66,908	0	0
Kayne Anderson MLP/Midstream I	COM	486606106	3,026	169,522	SH		SOLE		156,671	0	12,851
KCAP Financial Inc	COM	48668e101	40	12,000	SH		SOLE		12,000	0	0
Kennametal Inc	COM	489170100	675	15,485	SH		SOLE		3,554	0	11,931
Kimberly-Clark Corp	COM	494368103	298	2,619	SH		SOLE		1,822	0	797
Kinder Morgan Inc	COM	49456B101	1,134	63,950	SH		SOLE		53,799	0	10,151
Kraft Heinz Co	COM	500754106	228	4,129	SH		SOLE		2,362	0	1,767
Lam Research Corp	COM	512807108	234	1,544	SH		SOLE		1,506	0	38
Las Vegas Sands Corp	COM	517834107	2,156	36,345	SH		SOLE		31,919	0	4,426
Lennar Corp Cl B	CL B	526057302	0	7	SH		SOLE		7	0	0
Lennar Corp Cl B	CL B	526057302	708	18,400	SH		DFND	1	18,400	0	0
Liberty Broadband Corp Com Cl	COM SER C	530307305	14,053	166,700	SH		SOLE		150,788	0	15,912
Liberty Global PLC	SHS CL C	g5480u120	355	12,604	SH		SOLE		12,415	0	189
Liberty Global PLC	SHS CL C	g5480u120	2,485	88,249	SH		DFND	1	88,249	0	0
Liberty Media Corp-Liberty For	COM SER A FRMLA	531229870	1,062	29,841	SH		SOLE		29,451	0	390
Liberty Media Corp-Liberty For	COM SER A FRMLA	531229870	4,248	119,379	SH		DFND	1	119,379	0	0
Lockheed Martin Corp	COM	539830109	675	1,952	SH		SOLE		1,556	0	396
Loews Corp	COM	540424108	303	6,036	SH		SOLE		0	0	6,036
Lowe's Companies Inc	COM	548661107	18,044	157,152	SH		SOLE		133,381	0	23,771
Macerich Co	COM	554382101	852	15,411	SH		SOLE		14,917	0	494
Magellan Midstream Partners LP	COM UNIT RP LP	559080106	353	5,216	SH		SOLE		5,216	0	0
Mallinckrodt PLC	SHS	g5785g107	2,315	78,977	SH		SOLE		0	0	78,977
Martin Marietta Materials Inc	COM	573284106	20,108	110,514	SH		SOLE		99,182	0	11,332
Mastercard Inc	CL A	57636q104	997	4,477	SH		SOLE		4,172	0	305
McDonald's Corp	COM	580135101	1,539	9,202	SH		SOLE		8,077	0	1,125
McKesson Corp	COM	58155Q103	218	1,644	SH		SOLE		1,425	0	219
Medley Capital Corp	COM	58503f106	57	15,000	SH		SOLE		15,000	0	0
Medtronic PLC	SHS	g5960l103	30,724	312,326	SH		SOLE		261,762	0	50,564
Merck & Co Inc	COM	58933Y105	1,140	16,075	SH		SOLE		14,347	0	1,728
MFS Multi-Market	SH BEN INT	552737108	3,202	579,004	SH		SOLE		543,269	0	35,735
Micron Technology Inc	COM	595112103	2,270	50,197	SH		SOLE		49,970	0	227
Microsoft Corp	COM	594918104	141,393	1,236,277	SH		SOLE		1,196,378	0	39,899
Molson Coors Brewing Co	CL B	60871R209	1,004	16,325	SH		SOLE		3,656	0	12,669
Mondelez International Inc	CL A	609207105	442	10,288	SH		SOLE		10,169	0	119
Motorola Solutions Inc	COM NEW	620076307	1,387	10,655	SH		SOLE		2,471	0	8,184
MYnd Analytics Inc	COM NEW	62857n202	25	16,000	SH		SOLE		16,000	0	0
National Oilwell Varco Inc	COM	637071101	460	10,678	SH		SOLE		10,658	0	20
Netflix Inc	COM	64110l106	5,036	13,460	SH		SOLE		13,304	0	156
Neuberger Berman CA Interm Mu	COM	64123c101	302	24,224	SH		SOLE		24,224	0	0
Neuberger Berman Real Estate S	COM	64190a103	72	14,589	SH		SOLE		14,589	0	0
New America High Income Fund	COM NEW	641876800	4,246	494,911	SH		SOLE		455,508	0	39,403
New Oriental Education & Techn	SPON ADR	647581107	1,414	19,100	SH		SOLE		19,100	0	0
NextEra Energy Inc	COM	65339F101	440	2,628	SH		SOLE		2,356	0	272
Nextpoint Residential Trust	COM	65341d102	293	8,820	SH		SOLE		0	0	8,820
NIKE Inc	CL B	654106103	1,530	18,064	SH		SOLE		6,215	0	11,849
Nuveen Amt-Free Municipal Inco	COM	670657105	1,723	136,132	SH		SOLE		87,431	0	48,701
Nuveen Build America Bond Fund	COM	67074c103	105	5,228	SH		SOLE		5,228	0	0
Nuveen Build America Bond Fund	COM	67074c103	1,479	73,935	SH		DFND	1	73,935	0	0
Nuveen CA Muni Value Fund	COM	67062C107	4,106	438,726	SH		SOLE		425,888	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-Free Qua	COM	670651108	158	12,262	SH		SOLE		12,262	0	0
Nuveen California Quality Muni	COM	67066y105	2,195	169,609	SH		SOLE		137,325	0	32,284
Nuveen Credit Strategies Incom	COM SHS	67073d102	6,681	838,221	SH		SOLE		784,334	0	53,887
Nuveen Credit Strategies Incom	COM SHS	67073d102	1,116	140,000	SH		DFND	1	140,000	0	0
Nuveen Enhanced AMT-Free Muni	COM	67071l106	402	27,579	SH		SOLE		26,179	0	1,400
Nuveen Enhanced Municipal Cred	COM SH BEN INT	67070x101	836	58,041	SH		SOLE		58,041	0	0
Nuveen Intermediate Duration M	COM	670671106	247	19,788	SH		SOLE		19,788	0	0
Nuveen Intermediate Duration Q	COM	670677103	143	11,628	SH		SOLE		11,628	0	0
Nuveen Preferred Income Opport	COM	67073b106	4,589	495,059	SH		SOLE		458,103	0	36,956
Nuveen Quality Municipal Incom	COM	67066v101	1,144	89,480	SH		SOLE		66,738	0	22,742
Nuveen Quality Preferred Incom	COM	67072C105	157	17,843	SH		SOLE		13,685	0	4,158
Nuveen Real Asset Income and G	COM	67074y105	3,365	208,897	SH		SOLE		193,434	0	15,462
NVIDIA Corp	COM	67066g104	4,820	17,152	SH		SOLE		16,763	0	389
Oaktree Capital Group LLC	UNIT CL A	674001201	1,936	46,769	SH		SOLE		46,769	0	0
Oaktree Capital Group LLC	UNIT CL A	674001201	830	20,041	SH		DFND	1	20,041	0	0
Occidental Petroleum Corp	COM	674599105	14,712	179,038	SH		SOLE		156,156	0	22,882
Oracle Corp	COM	68389X105	1,456	28,230	SH		SOLE		23,663	0	4,567
Orchid Island Capital Inc	COM	68571x103	109	15,000	SH		SOLE		15,000	0	0
O'Reilly Automotive Inc	COM	67103H107	334	962	SH		SOLE		886	0	76
Oxford Square Capital Corp	COM	69181v107	90	12,626	SH		SOLE		12,626	0	0
PACCAR Inc	COM	693718108	323	4,733	SH		SOLE		4,716	0	17
Pacific Mercantile Bancorp	COM	694552100	118	12,568	SH		SOLE		0	0	12,568
PBF Energy Inc	CL A	69318G106	207	4,145	SH		SOLE		4,100	0	45
PCM Fund Inc	COM	69323T101	2,795	247,322	SH		SOLE		228,518	0	18,804
PepsiCo Inc	COM	713448108	1,201	10,745	SH		SOLE		9,049	0	1,696
Pfizer Inc	COM	717081103	37,291	846,167	SH		SOLE		683,963	0	162,203
PG&E Corp	COM	69331c108	207	4,500	SH		SOLE		4,310	0	190
Philip Morris International In	COM	718172109	29,599	362,996	SH		SOLE		325,840	0	37,157
Philip Morris International In	COM	718172109	2,976	36,500	SH		DFND	1	36,500	0	0
Phillips 66	COM	718546104	591	5,245	SH		SOLE		546	0	4,699
PICO Holdings Inc	COM NEW	693366205	4,618	367,967	SH		SOLE		302,962	0	65,005
PICO Holdings Inc	COM NEW	693366205	7,874	627,422	SH		DFND	1	627,422	0	0
PIMCO Active Bond ETF	ACTIVE BD ETF	72201r775	339	3,309	SH		SOLE		3,309	0	0
PIMCO Corporate Opportunity Fu	COM	72201b101	272	15,245	SH		SOLE		11,242	0	4,003
PIMCO Dynamic Credit Income Fu	COM SHS	72202d106	8,242	341,712	SH		SOLE		317,882	0	23,830
PIMCO Dynamic Credit Income Fu	COM SHS	72202d106	1,495	62,000	SH		DFND	1	62,000	0	0
PIMCO Dynamic Income Fund	SHS	72201y101	845	25,240	SH		SOLE		23,793	0	1,447
PIMCO Enhanced Short Maturity	ENHAN SHRT MA AC	72201r833	3,374	33,204	SH		SOLE		33,204	0	0
PIMCO Income Strategy Fund	COM	72201H108	167	14,151	SH		SOLE		12,801	0	1,350
PIMCO Income Strategy Fund II	COM	72201j104	1,231	116,690	SH		SOLE		110,907	0	5,783
PIMCO Municipal Income Fund II	COM	72200w106	405	30,591	SH		SOLE		30,591	0	0
PIMCO Municipal Income Fund II	COM	72201a103	278	23,979	SH		SOLE		23,979	0	0
Pinnacle Entertainment Inc	COM	72348y105	45,555	1,352,177	SH		SOLE		1,352,177	0	0
PNC Financial Services Group I	COM	693475105	347	2,547	SH		SOLE		2,529	0	18
Point Bridge GOP Stock Tracker	POINT BRIDGE GOP	26922A628	23,809	836,865	SH		SOLE		836,865	0	0
Praxair Inc	COM	74005P104	12,086	75,193	SH		SOLE		67,259	0	7,934
Procter & Gamble Co	COM	742718109	1,627	19,554	SH		SOLE		17,775	0	1,779
Prospect Capital Corp	COM	74348t102	249	33,947	SH		SOLE		33,947	0	0
Public Storage	COM	74460d109	243	1,203	SH		SOLE		1,174	0	29
QUALCOMM Inc	COM	747525103	17,595	244,271	SH		SOLE		224,512	0	19,758
Raytheon Co	COM NEW	755111507	445	2,153	SH		SOLE		645	0	1,508
Reading International Inc	CL A	755408101	235	14,870	SH		SOLE		14,649	0	221
Reading International Inc	CL A	755408101	273	17,300	SH		DFND	1	17,300	0	0
Realty Income Corp	COM	756109104	244	4,293	SH		SOLE		3,145	0	1,148
Reaves Utility Income Fund	COM SH BEN INT	756158101	1,148	37,437	SH		SOLE		31,422	0	6,015
Red Hat Inc	COM	756577102	569	4,174	SH		SOLE		3,719	0	455
Republic Services Inc	COM	760759100	11,626	160,010	SH		SOLE		141,324	0	18,686
Retail Opportunity Investments	COM	76131n101	23,170	1,241,020	SH		SOLE		1,123,265	0	117,754
Retail Opportunity Investments	COM	76131n101	621	33,250	SH		DFND	1	33,250	0	0
Rexford Industrial Realty Inc	COM	76169C100	40,224	1,258,580	SH		SOLE		1,101,851	0	156,729
RingCentral Inc	CL A	76680r206	2,855	30,683	SH		SOLE		30,680	0	3
RLI Corp	COM	749607107	318	4,051	SH		SOLE		4,051	0	0
RLJ Lodging Trust Pfd 1.95 Co	CUM CONV PFD A	74965l200	796	30,634	SH		SOLE		25,603	0	5,031
RLJ Lodging Trust Pfd 1.95 Co	CUM CONV PFD A	74965l200	195	7,492	SH		DFND	1	7,492	0	0
Rockwell Automation Inc	COM	773903109	522	2,783	SH		SOLE		2,782	0	1
Rockwell Collins Inc	COM	774341101	586	4,172	SH		SOLE		4,132	0	40
Royal Dutch Shell PLC	SPON ADR B	780259107	301	4,250	SH		SOLE		4,250	0	0
Royal Dutch Shell PLC ADR	SPONS ADR A	780259206	361	5,298	SH		SOLE		5,120	0	178
Royce Micro Capital Trust Inc	COM	780915104	1,465	143,493	SH		SOLE		126,264	0	17,229
S&P Global Inc	COM	78409v104	277	1,418	SH		SOLE		349	0	1,069
salesforce.com Inc	COM	79466l302	209	1,312	SH		SOLE		398	0	914
SandRidge Energy Inc	COM NEW	80007p869	259	23,800	SH		DFND	1	23,800	0	0
Schlumberger Ltd	COM	806857108	20,744	340,519	SH		SOLE		305,604	0	34,914
Senseonics Holdings Inc	COM	81727u105	84	17,506	SH		SOLE		17,506	0	0
Sensient Technologies Corp	COM	81725t100	569	7,442	SH		SOLE		1,710	0	5,732
Service Now Inc	COM	81762p102	985	5,034	SH		SOLE		5,000	0	34
Skyworks Solutions Inc	COM	83088m102	1,210	13,334	SH		SOLE		4,025	0	9,309
Snap Inc	CL A	83304a106	1,696	200,000	SH		SOLE		0	0	200,000
Sony Corp ADR	SPONSORED ADR	835699307	15,052	248,178	SH		SOLE		221,579	0	26,599
Sony Corp ADR	SPONSORED ADR	835699307	795	13,110	SH		DFND	1	13,110	0	0
Southwest Airlines Co	COM	844741108	205	3,289	SH		SOLE		3,251	0	38
SPDR Gold Trust	GOLD SHS	78463v107	224	1,985	SH		SOLE		1,985	0	0
SPDR S&P 500 ETF Unit Trust	TR UNIT	78462f103	6,696	23,031	SH		SOLE		20,046	0	2,985
Square Inc	CL A	852234103	2,130	21,509	SH		SOLE		21,500	0	9
Starbucks Corp	COM	855244109	14,699	258,596	SH		SOLE		230,892	0	27,703
Starwood Property Trust Inc	COM	85571b105	27,809	1,292,263	SH		SOLE		1,174,561	0	117,702
Steel Dynamics Inc	COM	858119100	525	11,619	SH		SOLE		2,696	0	8,923
Sysco Corp	COM	871829107	416	5,682	SH		SOLE		5,515	0	167
TAL Education Group ADR	SPONSORED ADS	874080104	900	35,000	SH		SOLE		35,000	0	0
Tanzanian Royalty Exploration	COM	87600u104	42	117,371	SH		SOLE		117,371	0	0
TCW Strategic Income Fund Inc	COM	872340104	6,959	1,242,737	SH		SOLE		1,140,108	0	102,629
TCW Strategic Income Fund Inc	COM	872340104	222	39,710	SH		DFND	1	39,710	0	0
Telecom Italia SpA ADR	SPON ADR ORD	87927y102	41	6,824	SH		SOLE		6,824	0	0
Telecom Italia SpA ADR	SPON ADR ORD	87927y102	794	132,350	SH		DFND	1	132,350	0	0
Tortoise Energy Infrastructure	COM	89147l100	1,501	55,755	SH		SOLE		50,417	0	5,337
Trex Company Inc	COM	89531p105	2,552	33,150	SH		SOLE		33,150	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	1,030	22,475	SH		DFND	1	22,475	0	0
Twenty-First Century Fox Inc C	CL A	90130a101	19,215	414,740	SH		SOLE		370,379	0	44,362
Unilever PLC	SPON ADR NEW	904767704	18,621	338,749	SH		SOLE		304,061	0	34,687
Union Pacific Corp	COM	907818108	636	3,907	SH		SOLE		3,389	0	518
United Parcel Service Inc	CL B	911312106	54,306	465,151	SH		SOLE		435,128	0	30,024
United Technologies Corp	COM	913017109	28,581	204,426	SH		SOLE		182,653	0	21,773
UnitedHealth Group Inc	COM	91324p102	2,765	10,395	SH		SOLE		9,886	0	509
VanEck Vectors Short High-Yiel	SHORT HIGH YIELD	92189f387	437	17,976	SH		SOLE		17,976	0	0
Vanguard FTSE Emerging Markets	FTSE EMR MKT ETF	922042858	618	15,067	SH		SOLE		1,393	0	13,674
Vanguard Mid Cap ETF	MID CAP ETF	922908629	3,673	22,372	SH		SOLE		22,372	0	0
Vanguard Mortgage-Backed Secur	MORTG-BACK SEC	92206c771	417	8,171	SH		SOLE		8,139	0	32
Vanguard REIT ETF	REAL ESTATE ETF	922908553	2,065	25,592	SH		SOLE		24,472	0	1,120
Vanguard S&P 500 ETF	S&P 500 ETF SHS	922908363	5,406	20,245	SH		SOLE		20,145	0	100
Vanguard S&P Small-Cap 600 ETF	SMLLCP 600 IDX	921932828	2,091	13,106	SH		SOLE		13,106	0	0
Ventas Inc	COM	92276f100	217	3,990	SH		SOLE		3,619	0	371
Vereit Inc	COM	92339v100	56,604	7,796,754	SH		SOLE		6,906,994	0	889,760
Vereit Inc	COM	92339v100	1,408	193,900	SH		DFND	1	193,900	0	0
Verizon Communications Inc	COM	92343v104	972	18,203	SH		SOLE		11,153	0	7,050
Visa Inc	COM CL A	92826C839	1,377	9,174	SH		SOLE		6,643	0	2,531
Vulcan Materials Co	COM	929160109	1,308	11,765	SH		SOLE		2,653	0	9,112
Wabtec Corp/DE	COM	929740108	758	7,230	SH		SOLE		1,624	0	5,606
Walgreens Boots Alliance Inc	COM	931427108	571	7,834	SH		SOLE		7,598	0	236
Wal-Mart Stores Inc	COM	931142103	584	6,218	SH		SOLE		5,426	0	792
Walt Disney Co	COM DISNEY	254687106	30,637	261,987	SH		SOLE		232,887	0	29,100
Weibo Corp	SPONSORED ADR	948596101	318	4,350	SH		SOLE		4,350	0	0
Wells Fargo & Co	COM	949746101	927	17,630	SH		SOLE		14,355	0	3,275
Wells Fargo & Co New Perp Pfd	PERP PFD CNV A	949746804	3,687	2,856	SH		SOLE		2,713	0	143
Wells Fargo & Co New Perp Pfd	PERP PFD CNV A	949746804	510	395	SH		DFND	1	395	0	0
Wells Fargo Multi-Sector Incom	COM	94987D101	2,624	215,775	SH		SOLE		199,437	0	16,338
Western Asset Mortgage Capital	COM	95790d105	100	10,000	SH		SOLE		10,000	0	0
Western Asset/Claymore US Trea	COM	95766r104	2,048	188,949	SH		SOLE		176,310	0	12,639
Woodward Inc	COM	980745103	485	6,001	SH		SOLE		6,000	0	1
World Wrestling Entertainment	CL A	98156q108	280	2,893	SH		SOLE		2,893	0	0
Wynn Resorts Ltd	COM	983134107	624	4,915	SH		SOLE		4,900	0	15
YY Inc	ADS REPCOM CLA	98426t106	382	5,100	SH		SOLE		5,100	0	0
Zayo Group Holdings Inc	COM	98919v105	249	7,169	SH		SOLE		7,014	0	155
Zayo Group Holdings Inc	COM	98919v105	816	23,500	SH		DFND	1	23,500	0	0
ZTO Express Cayman Inc ADR	SPONSORED ADR	98980a105	3,231	195,000	SH		SOLE		195,000	0	0