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
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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	COM	88579Y101	417	3,057	SH		SOLE		3,002	0	55
Abbott Laboratories	COM	002824100	644	8,165	SH		SOLE		5,359	0	2,806
AbbVie Inc	COM	00287y109	587	7,703	SH		SOLE		5,615	0	2,088
Aberdeen Asia Pacific Income F	COM	003009107	34	10,095	SH		SOLE		10,095	0	0
Accenture PLC	SHS CLASS A	g1151c101	507	3,103	SH		SOLE		1,724	0	1,379
Activision Blizzard Inc	COM	00507v109	273	4,595	SH		SOLE		2,621	0	1,974
Adobe Systems Inc	COM	00724f101	244	767	SH		SOLE		451	0	316
Alerian MLP ETF	ALERIAN MLP	00162q866	201	58,509	SH		SOLE		58,509	0	0
Alexandria Real Estate Equitie	COM	015271109	4,915	35,857	SH		SOLE		33,869	0	1,987
Alibaba Group Holding Inc	SPONSORED ADS	01609w102	964	4,955	SH		SOLE		2,380	0	2,575
Align Technology Inc	COM	016255101	6,091	35,018	SH		SOLE		31,085	0	3,933
Allergan PLC	SHS	g0177j108	788	4,450	SH		SOLE		4,283	0	167
Allstate Corp	COM	020002101	500	5,450	SH		SOLE		5,335	0	115
Alphabet Inc Class A	CAP STK CL A	02079k305	3,897	3,354	SH		SOLE		1,641	0	1,713
Alphabet Inc Class A	CAP STK CL A	02079k305	675	581	SH		DFND	1	581	0	0
Alphabet Inc Class C	CAP STK CL C	02079k107	75,034	64,528	SH		SOLE		57,870	0	6,658
Alphabet Inc Class C	CAP STK CL C	02079k107	2,257	1,941	SH		DFND	1	1,941	0	0
Altria Group Inc	COM	02209s103	609	15,758	SH		SOLE		14,552	0	1,206
Amazon.com Inc	COM	023135106	47,129	24,172	SH		SOLE		21,276	0	2,896
Amazon.com Inc	COM	023135106	2,135	1,095	SH		DFND	1	1,095	0	0
American Finance Trust Inc - Cl A	COM CLASS A	02607t109	251	40,152	SH		SOLE		30,103	0	10,049
American Water Works Co Inc	COM	030420103	329	2,755	SH		SOLE		158	0	2,597
AmerisourceBergen Corp	COM	03073e105	13,086	147,862	SH		SOLE		131,915	0	15,947
Amgen Inc	COM	031162100	1,433	7,068	SH		SOLE		5,607	0	1,461
AMREP Corp	COM	032159105	417	86,897	SH		SOLE		85,293	0	1,604
AMREP Corp	COM	032159105	442	92,021	SH		DFND	1	92,021	0	0
Analog Devices Inc	COM	032654105	1,395	15,565	SH		SOLE		3,372	0	12,193
Anheuser-Busch InBev NV ADR	SPONSORED ADR	03524a108	322	7,301	SH		SOLE		6,651	0	650
Annaly Capital Management Inc	COM	035710409	161	31,723	SH		SOLE		30,710	0	1,013
Anthem Inc	COM	036752103	9,350	41,184	SH		SOLE		36,502	0	4,682
Apple Inc	COM	037833100	26,627	104,712	SH		SOLE		82,430	0	22,282
Applied Materials Inc	COM	038222105	223	4,857	SH		SOLE		3,580	0	1,277
Armstrong World Industries Inc	COM	04247x102	1,292	16,273	SH		SOLE		3,575	0	12,698
AT&T Inc	COM	00206r102	2,008	68,884	SH		SOLE		62,801	0	6,083
Axos Financial Inc	COM	05465c100	435	24,000	SH		SOLE		24,000	0	0
Baidu Inc	SPON ADR REP A	056752108	2,858	28,356	SH		SOLE		25,294	0	3,062
Ball Corp	COM	058498106	13,777	213,074	SH		SOLE		189,304	0	23,770
Bank of America Corp	COM	060505104	1,142	53,812	SH		SOLE		50,437	0	3,375
Bank of America Non-Cumulative	7.25%CNV PFD L	060505682	1,181	933	SH		SOLE		784	0	148
Bank of America Non-Cumulative	7.25%CNV PFD L	060505682	506	400	SH		DFND	1	400	0	0
Bank of New York Mellon Co	COM	064058100	530	15,727	SH		SOLE		10,989	0	4,738
Baxter International Inc	COM	071813109	1,574	19,388	SH		SOLE		4,808	0	14,580
Berkshire Hathaway CL A	CL A	084670108	4,624	17	SH		SOLE		17	0	0
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	40,450	221,246	SH		SOLE		198,744	0	22,502
Berkshire Hathaway Inc Cl B	CL B NEW	084670702	3,147	17,215	SH		DFND	1	17,215	0	0
BlackRock California Municipal	SH BEN INT	09248e102	3,005	236,804	SH		SOLE		222,351	0	14,453
BlackRock Core Bond Trust	SHS BEN INT	09249e101	3,953	298,781	SH		SOLE		284,619	0	14,162
BlackRock Core Bond Trust	SHS BEN INT	09249e101	476	36,000	SH		DFND	1	36,000	0	0
BlackRock Credit Allocation In	COM	092508100	2,579	221,184	SH		SOLE		210,831	0	10,353
BlackRock Floating Rate Income	COM	09255x100	2,153	215,063	SH		SOLE		209,921	0	5,143
BlackRock Inc	COM	09247x101	15,598	35,452	SH		SOLE		32,043	0	3,409
Blackrock Income Trust	COM	09247F100	93	16,229	SH		SOLE		16,229	0	0
Blackrock Income Trust	COM	09247F100	172	29,838	SH		DFND	1	29,838	0	0
BlackRock Limited Duration Inc	COM SHS	09249w101	2,128	168,632	SH		SOLE		160,473	0	8,158
BlackRock Multi-Sector Income	COM	09258a107	1,067	88,425	SH		SOLE		83,627	0	4,799
BlackRock Municipal 2030 Targe	COM SHS BEN IN	09257p105	2,872	126,611	SH		SOLE		104,148	0	22,463
BlackRock MuniHoldings Califor	COM	09254l107	4,316	323,746	SH		SOLE		282,380	0	41,366
BlackRock MuniHoldings Investm	COM	09254p108	190	14,541	SH		SOLE		14,541	0	0
BlackRock MuniHoldings Investm	COM	09254p108	743	56,802	SH		DFND	1	56,802	0	0
BlackRock MuniYield California	COM	09254m105	2,503	189,190	SH		SOLE		175,255	0	13,935
BlackRock MuniYield California	COM	09254n103	2,768	204,613	SH		SOLE		190,763	0	13,850
BlackRock Taxable Municipal Bo	SHS	09248x100	4,558	209,084	SH		SOLE		199,103	0	9,981
BlackRock Taxable Municipal Bo	SHS	09248x100	10	453	SH		DFND	1	453	0	0
Blackstone Group LP	COM CL A	09260d107	317	6,950	SH		SOLE		6,950	0	0
Bloom Energy Corp	COM CL A	093712107	701	134,015	SH		SOLE		121,515	0	12,500
Boeing Co	COM	097023105	1,033	6,924	SH		SOLE		6,347	0	577
Booking Holdings Inc	COM	09857l108	12,300	9,143	SH		SOLE		8,110	0	1,033
Bristol Myers Squibb Co	COM	110122108	961	17,234	SH		SOLE		13,777	0	3,457
British American Tobacco PLC A	SPONSORED ADR	110448107	501	14,657	SH		SOLE		12,213	0	2,444
British American Tobacco PLC A	SPONSORED ADR	110448107	451	13,200	SH		DFND	1	13,200	0	0
Broadcom Inc	COM	11135f101	1,638	6,910	SH		SOLE		6,423	0	487
Brookfield Asset Management In	CL A LTD VT SH	112585104	15,309	345,958	SH		SOLE		314,848	0	31,110
Brookfield Asset Management In	CL A LTD VT SH	112585104	1,313	29,679	SH		DFND	1	29,679	0	0
Brookfield Infrastructure Part	LP INT UNIT	g16252101	809	22,500	SH		SOLE		22,500	0	0
Brookfield Property REIT Inc	CL A	11282X103	92	10,812	SH		SOLE		8,079	0	2,733
Brookfield Real Assets Income	SHS BEN INT	112830104	590	40,182	SH		SOLE		32,954	0	7,228
Brown Forman Corp Class B With	CL B	115637209	1,728	31,137	SH		SOLE		28,374	0	2,763
Brunswick Corp/DE	COM	117043109	393	11,100	SH		SOLE		2,400	0	8,700
Calamos Global Dynamic Income	COM	12811l107	57	10,000	SH		SOLE		10,000	0	0
Canadian National Railway Co	COM	136375102	1,501	19,331	SH		SOLE		431	0	18,900
Cardiovascular Systems Inc	COM	141619106	231	6,550	SH		SOLE		6,550	0	0
CarMax Inc	COM	143130102	5,226	97,080	SH		SOLE		85,784	0	11,296
Caterpillar Inc	COM	149123101	302	2,605	SH		SOLE		2,436	0	169
CenturyLink Inc	COM	156700106	4,953	523,536	SH		SOLE		474,428	0	49,108
CenturyLink Inc	COM	156700106	2,866	302,979	SH		DFND	1	302,979	0	0
Charles Schwab Corp	COM	808513105	1,488	44,260	SH		SOLE		43,794	0	466
Charles Schwab Corp	COM	808513105	148	4,400	SH		DFND	1	4,400	0	0
Charter Communications Inc	CL A	16119p108	236	541	SH		SOLE		510	0	31
Chevron Corp	COM	166764100	3,838	52,972	SH		SOLE		31,462	0	21,510
Cigna Corp	COM	125523100	368	2,079	SH		SOLE		1,771	0	308
Cisco Systems Inc	COM	17275R102	1,408	35,814	SH		SOLE		28,260	0	7,554
Citigroup Inc	COM NEW	172967424	238	5,639	SH		SOLE		4,804	0	835
Coca-Cola Co	COM	191216100	1,095	24,739	SH		SOLE		17,396	0	7,343
Cohen & Steers Limited Duratio	COM	19248c105	1,233	60,020	SH		SOLE		51,084	0	8,937
Cohen & Steers Limited Duratio	COM	19248c105	166	8,073	SH		DFND	1	8,073	0	0
Comcast Corp	CL A	20030n101	6,204	180,453	SH		SOLE		161,115	0	19,338
Comcast Corp	CL A	20030n101	769	22,360	SH		DFND	1	22,360	0	0
Consolidated Tomoka Land Co	COM	210226106	35	770	SH		SOLE		770	0	0
Consolidated Tomoka Land Co	COM	210226106	895	19,753	SH		DFND	1	19,753	0	0
Consumer Discretionary Select	SBI CONS DISCR	81369y407	379	3,869	SH		SOLE		3,869	0	0
Corteva Inc	COM	22052l104	1,275	54,235	SH		SOLE		9,508	0	44,727
Costco Wholesale Corp	COM	22160k105	2,919	10,237	SH		SOLE		9,290	0	947
Crown Castle International Cor	COM	22822v101	1,263	8,748	SH		SOLE		2,851	0	5,897
CVS Health Corp	COM	126650100	1,046	17,627	SH		SOLE		14,750	0	2,877
CVS Health Corp	COM	126650100	217	3,654	SH		DFND	1	3,654	0	0
Danaher Corp	COM	235851102	217	1,566	SH		SOLE		1,405	0	161
Diageo PLC ADR	SPON ADR NEW	25243q205	2,150	16,912	SH		SOLE		14,297	0	2,615
DocuSign Inc	COM	256163106	397	4,301	SH		SOLE		2,352	0	1,949
Dominion Energy Inc	COM	25746u109	508	7,035	SH		SOLE		6,673	0	362
Doubleline Income Solutions Cl	COM	258622109	503	37,689	SH		SOLE		27,228	0	10,461
Doubleline Income Solutions Cl	COM	258622109	781	58,561	SH		DFND	1	58,561	0	0
Doubleline Opportunistic Credi	COM	258623107	1,607	93,981	SH		SOLE		87,764	0	6,217
Doubleline Opportunistic Credi	COM	258623107	1,690	98,840	SH		DFND	1	98,840	0	0
DoubleLine Total Return Tactic	SPDR TR TACTIC	78467v848	3,266	68,101	SH		SOLE		68,101	0	0
Dow Inc	COM	260557103	1,518	51,927	SH		SOLE		9,771	0	42,156
DuPont de Nemours Inc	COM	26614n102	2,310	67,742	SH		SOLE		20,987	0	46,755
Eaton Vance California Municip	SH BEN INT	27826f101	3,217	241,726	SH		SOLE		219,637	0	22,089
Eaton Vance Floating-Rate Inco	COM	278279104	666	65,017	SH		SOLE		64,068	0	949
Eaton Vance Insured CA Municip	COM	27828a100	1,444	136,843	SH		SOLE		125,058	0	11,785
Eaton Vance Limited Duration I	COM	27828h105	2,836	268,297	SH		SOLE		262,413	0	5,884
Eaton Vance Municipal Bond Fun	COM	27827X101	2,635	211,157	SH		SOLE		169,580	0	41,577
Eaton Vance Municipal Incm 202	SHS	27829U105	912	45,865	SH		SOLE		20,534	0	25,331
Edwards Lifesciences Corp	COM	28176e108	658	3,488	SH		SOLE		3,409	0	79
Electronic Arts Inc	COM	285512109	288	2,877	SH		SOLE		634	0	2,243
Emerson Electric Co	COM	291011104	385	8,080	SH		SOLE		6,102	0	1,978
Enbridge Inc	COM	29250n105	14,126	485,591	SH		SOLE		434,270	0	51,322
Energy Transfer LP	COM UT LTD PTN	29273v100	35	7,713	SH		SOLE		7,713	0	0
Energy Transfer LP	COM UT LTD PTN	29273v100	105	22,900	SH		DFND	1	22,900	0	0
Enterprise Products Partners L	COM	293792107	259	18,103	SH		SOLE		15,043	0	3,060
Enterprise Products Partners L	COM	293792107	186	13,000	SH		DFND	1	13,000	0	0
Eros International PLC	SHS NEW	g3788m114	35	21,445	SH		SOLE		21,445	0	0
Exxon Mobil Corp	COM	30231g102	2,404	63,311	SH		SOLE		57,377	0	5,934
Facebook Inc	CL A	30303m102	144,502	866,317	SH		SOLE		843,563	0	22,754
Facebook Inc	CL A	30303m102	317	1,900	SH		DFND	1	1,900	0	0
Fidelity National Information	COM	31620m106	248	2,037	SH		SOLE		725	0	1,312
Financial Select Sector SPDR F	SBI INT-FINL	81369y605	513	24,640	SH		SOLE		24,640	0	0
First Trust Senior Floating Ra	COM	33733u108	914	96,131	SH		SOLE		93,928	0	2,203
Fiserv Inc	COM	337738108	2,195	23,112	SH		SOLE		5,642	0	17,470
Flaherty and Crumrine Dynamic	SHS	33848w106	1,082	53,479	SH		SOLE		45,860	0	7,619
Flaherty and Crumrine Dynamic	SHS	33848w106	243	12,000	SH		DFND	1	12,000	0	0
Ford Motor Co	COM	345370860	55	11,333	SH		SOLE		9,543	0	1,790
GAMCO Global Gold Natural Reso	COM SH BEN INT	36465a109	59	21,545	SH		SOLE		21,545	0	0
Gaming & Leisure Properties	COM	36467j108	27,170	980,525	SH		SOLE		977,655	0	2,870
GCI Liberty Inc	COM CLASS A	36164v305	1	14	SH		SOLE		14	0	0
GCI Liberty Inc	COM CLASS A	36164v305	554	9,717	SH		DFND	1	9,717	0	0
General Electric Co	COM	369604103	272	34,244	SH		SOLE		20,720	0	13,524
General Electric Co	COM	369604103	175	22,000	SH		DFND	1	22,000	0	0
General Mills Inc	COM	370334104	231	4,374	SH		SOLE		3,938	0	436
Gilead Sciences Inc	COM	375558103	4,769	63,790	SH		SOLE		61,437	0	2,353
Glacier Bancorp Inc	COM	37637Q105	331	9,724	SH		SOLE		9,724	0	0
GlaxoSmithKline PLC	SPONSORED ADR	37733W105	384	10,132	SH		SOLE		10,000	0	132
Globalstar Inc	COM	378973408	3	10,000	SH		SOLE		10,000	0	0
Goldman Sachs ActiveBeta Emerging Markets Equity ETF	ACTIVEBETA EME	381430206	1,206	46,071	SH		SOLE		41,005	0	5,066
Goldman Sachs ActiveBeta International Equity ETF	ACTIVEBETA INT	381430107	927	40,194	SH		SOLE		36,408	0	3,785
Goldman Sachs ActiveBeta U.S.	ACTIVEBETA US LG	381430503	3,505	67,157	SH		SOLE		61,335	0	5,822
Goldman Sachs Group Inc	COM	38141G104	14,597	94,421	SH		SOLE		84,459	0	9,962
Guggenheim Build America Bonds	COM	401664107	73	3,296	SH		SOLE		2,191	0	1,105
Guggenheim Build America Bonds	COM	401664107	1,197	54,359	SH		DFND	1	54,359	0	0
Hain Celestial Group Inc/The	COM	405217100	325	12,511	SH		SOLE		12,500	0	11
Highland/iBoxx Senior Loan ETF	HI LD IBOXX SRLN	430101774	586	37,877	SH		SOLE		34,910	0	2,967
Home Depot Inc	COM	437076102	2,426	12,994	SH		SOLE		10,800	0	2,194
Honeywell International Inc	COM	438516106	3,364	25,147	SH		SOLE		19,111	0	6,036
Intel Corp	COM	458140100	1,184	21,876	SH		SOLE		16,659	0	5,217
IntercontinentalExchange Inc	COM	45866f104	1,561	19,328	SH		SOLE		4,320	0	15,008
International Business Machine	COM	459200101	1,220	10,998	SH		SOLE		9,875	0	1,123
Intuitive Surgical Inc	COM NEW	46120e602	169	342	SH		SOLE		120	0	222
Intuitive Surgical Inc	COM NEW	46120e602	168	340	SH		DFND	1	340	0	0
Invesco CEF Income Composite E	CEF INM COMPSI	46138e404	437	24,976	SH		SOLE		22,959	0	2,017
Invesco Dynamic Credit Opportu	COM	46132r104	945	118,457	SH		SOLE		111,377	0	7,080
Invesco Municipal Opportunity	COM	46132c107	250	21,826	SH		SOLE		16,709	0	5,117
Invesco QQQ Trust Series 1	UNIT SER 1	46090e103	897	4,713	SH		SOLE		4,413	0	300
Invesco Quality Municipal Inco	COM	46133G107	576	49,186	SH		SOLE		37,554	0	11,632
Invesco Senior Income Trust	COM	46131h107	804	249,789	SH		SOLE		246,601	0	3,188
Invesco Value Municipal Income	COM	46132p108	520	36,752	SH		SOLE		28,496	0	8,256
Invesco Van Kampen CA Value Mu	COM	46132h106	2,376	209,690	SH		SOLE		194,677	0	15,013
Invesco Variable Rate Investme	VAR RATE INVT	46090a879	1,915	84,204	SH		SOLE		78,669	0	5,535
IQ Enhanced Core Plus Bond US	IQ ENCH COR PL	45409b479	798	39,959	SH		SOLE		36,892	0	3,067
IQ Merger Arbitrage ETF	IQ MRGR ARB ETF	45409b800	1,322	43,867	SH		SOLE		42,123	0	1,744
IQVIA Holdings Inc	COM	46266c105	16,726	155,076	SH		SOLE		139,265	0	15,811
iShares 0-5 Year High Yield Co	0-5YR HI YL CP	46434V407	233	5,710	SH		SOLE		5,710	0	0
iShares Barclays CMBS Bond	CMBS ETF	46429b366	401	7,461	SH		SOLE		7,461	0	0
iShares Core MSCI EAFE ETF	CORE MSCI EAFE	46432f842	5,014	100,501	SH		SOLE		89,385	0	11,116
iShares Core MSCI Emerging Markets ETF	CORE MSCI EMKT	46434g103	2,496	61,668	SH		SOLE		60,405	0	1,263
iShares Core S&P Small-Cap ETF	CORE S&P SCP ETF	464287804	977	17,417	SH		SOLE		16,286	0	1,131
iShares Core S&P Total US Stoc	CORE S&P TTL STK	464287150	2,000	34,963	SH		SOLE		33,765	0	1,198
iShares Core U.S. Aggregate Bo	CORE US AGGBD ET	464287226	2,830	24,528	SH		SOLE		23,441	0	1,087
iShares DJ Select Dividend Ind	SELECT DIVID ETF	464287168	232	3,158	SH		SOLE		2,608	0	550
iShares Edge MSCI Min Vol EAFE ETF	MIN VOL EAFE ETF	46429b689	370	5,963	SH		SOLE		5,963	0	0
iShares Edge MSCI Multifactor	MULTIFACTOR USA	46434v282	2,781	105,153	SH		SOLE		94,040	0	11,114
iShares Floating Rate Bond Fun	FLTG RATE NT ETF	46429b655	305	6,263	SH		SOLE		5,863	0	400
iShares Global REIT ETF	GLOBAL REIT ETF	46434v647	16,747	874,519	SH		SOLE		805,208	0	69,311
iShares Gold Trust	ISHARES	464285105	84,419	5,601,799	SH		SOLE		5,087,610	0	514,189
iShares MSCI EAFE ETF	MSCI EAFE ETF	464287465	594	11,113	SH		SOLE		10,220	0	893
iShares MSCI Emerging Markets ETF	MSCI EMG MKT ETF	464287234	206	6,027	SH		SOLE		5,026	0	1,001
iShares MSCI KLD 400 Social Id	MSCI KLD400 SOC	464288570	202	2,071	SH		SOLE		2,071	0	0
iShares Russell 1000 Growth In	RUS 1000 GRW ETF	464287614	597	3,962	SH		SOLE		3,962	0	0
iShares Russell 1000 Value Ind	RUS 1000 VAL ETF	464287598	352	3,545	SH		SOLE		3,545	0	0
iShares Russell 2000 Index Fun	RUSSELL 2000 ETF	464287655	379	3,310	SH		SOLE		3,029	0	281
iShares Russell 2000 Value Ind	RUS 2000 VAL ETF	464287630	217	2,641	SH		SOLE		2,641	0	0
iShares Russell Mid Cap Index	RUS MID CAP ETF	464287499	351	8,135	SH		SOLE		7,765	0	370
iShares S&P 500 Index Fund	CORE S&P500 ETF	464287200	12,478	48,291	SH		SOLE		42,686	0	5,605
iShares S&P California Municip	CALIF MUN BD ETF	464288356	7,496	123,856	SH		SOLE		101,386	0	22,470
iShares S&P S/T Nationall AMT-	SHRT NAT MUN ETF	464288158	424	3,989	SH		SOLE		3,989	0	0
Johnson & Johnson	COM	478160104	4,786	36,495	SH		SOLE		29,180	0	7,315
JPMorgan Alerian MLP Index ETN	ALERIAN ML ETN	46625h365	895	99,155	SH		SOLE		96,012	0	3,143
JPMorgan Chase & Co	COM	46625h100	18,519	205,694	SH		SOLE		182,436	0	23,259
JPMorgan Ultra-Short Income ET	ULTRA SHRT INC	46641Q837	1,051	21,150	SH		SOLE		21,150	0	0
Kayne Anderson Midstream/Energ	COM	48661e108	1,610	483,582	SH		SOLE		420,325	0	63,257
Kayne Anderson MLP/Midstream I	COM	486606106	3,409	939,154	SH		SOLE		851,291	0	87,863
Keysight Technologies Inc	COM	49338l103	271	3,244	SH		SOLE		1,764	0	1,480
Kimberly-Clark Corp	COM	494368103	231	1,805	SH		SOLE		1,382	0	423
Kinder Morgan Inc	COM	49456B101	769	55,276	SH		SOLE		43,975	0	11,301
KKR & Co Inc	CL A	48251w104	12	500	SH		SOLE		0	0	500
KKR & Co Inc	CL A	48251w104	516	22,000	SH		DFND	1	22,000	0	0
Lam Research Corp	COM	512807108	433	1,803	SH		SOLE		1,710	0	93
Las Vegas Sands Corp	COM	517834107	1,332	31,368	SH		SOLE		26,579	0	4,789
Lennar Corp Cl B	CL B	526057302	7,003	242,152	SH		SOLE		218,874	0	23,278
Liberty Broadband Corp Com Cl	COM SER C	530307305	14,107	127,410	SH		SOLE		114,724	0	12,686
Liberty Global PLC	SHS CL C	g5480u120	452	28,802	SH		DFND	1	28,802	0	0
Liberty Global PLC	SHS CL A	g5480u104	706	42,784	SH		DFND	1	42,784	0	0
Liberty Media Corp-Liberty For	COM SER A FRMLA	531229870	208	8,054	SH		SOLE		8,054	0	0
Liberty Media Corp-Liberty For	COM SER A FRMLA	531229870	2,708	104,884	SH		DFND	1	104,884	0	0
Linde PLC	SHS	g5494j103	511	2,956	SH		SOLE		2,843	0	113
Lockheed Martin Corp	COM	539830109	1,134	3,347	SH		SOLE		2,957	0	390
Lowe's Companies Inc	COM	548661107	23,746	275,960	SH		SOLE		241,617	0	34,342
Lyft Inc	CL A COM	55087p104	4,146	154,428	SH		SOLE		138,293	0	16,135
Marsh & McLennan Cos Inc	COM	571748102	623	7,202	SH		SOLE		7,074	0	128
Martin Marietta Materials Inc	COM	573284106	14,467	76,451	SH		SOLE		68,811	0	7,640
Mastercard Inc	CL A	57636q104	38,204	158,155	SH		SOLE		142,026	0	16,128
McDonald's Corp	COM	580135101	2,529	15,292	SH		SOLE		9,200	0	6,092
McKesson Corp	COM	58155Q103	394	2,913	SH		SOLE		2,506	0	407
Medtronic PLC	SHS	g5960l103	25,216	279,621	SH		SOLE		232,124	0	47,497
Merck & Co Inc	COM	58933Y105	1,338	17,387	SH		SOLE		15,818	0	1,569
MFS Multi-Market	SH BEN INT	552737108	2,411	479,248	SH		SOLE		450,822	0	28,426
Microsoft Corp	COM	594918104	202,291	1,282,677	SH		SOLE		1,233,903	0	48,774
Mondelez International Inc	CL A	609207105	695	13,879	SH		SOLE		13,401	0	478
Motorola Solutions Inc	COM NEW	620076307	1,099	8,269	SH		SOLE		2,574	0	5,695
National Oilwell Varco Inc	COM	637071101	110	11,144	SH		SOLE		10,779	0	365
Netflix Inc	COM	64110l106	738	1,966	SH		SOLE		1,590	0	376
Neuberger Berman CA Interm Mu	COM	64123c101	2,229	169,502	SH		SOLE		145,198	0	24,304
New America High Income Fund	COM NEW	641876800	1,850	266,616	SH		SOLE		253,572	0	13,044
NextEra Energy Inc	COM	65339F101	812	3,373	SH		SOLE		2,836	0	537
Nextpoint Residential Trust	COM	65341d102	406	16,111	SH		SOLE		0	0	16,111
NIKE Inc	CL B	654106103	875	10,575	SH		SOLE		7,587	0	2,988
Norfolk Southern Corp	COM	655844108	1,093	7,484	SH		SOLE		1,803	0	5,681
Novartis AG	SPONSORED ADR	66987V109	935	11,337	SH		SOLE		9,681	0	1,656
Nuveen Amt-Free Municipal Inco	COM	670657105	470	34,719	SH		SOLE		19,584	0	15,135
Nuveen Build America Bond Fund	COM	67074c103	3,274	170,966	SH		SOLE		161,678	0	9,288
Nuveen Build America Bond Fund	COM	67074c103	851	44,440	SH		DFND	1	44,440	0	0
Nuveen CA Muni Value Fund	COM	67062C107	7,036	703,603	SH		SOLE		626,856	0	76,747
Nuveen CA Sel Tax Free Income	SH BEN INT	67063r103	1,605	110,685	SH		SOLE		107,470	0	3,215
Nuveen California AMT-Free Qua	COM	670651108	2,684	189,572	SH		SOLE		164,860	0	24,712
Nuveen California Quality Muni	COM	67066y105	5,471	399,617	SH		SOLE		346,851	0	52,766
Nuveen Credit Strategies Incom	COM SHS	67073d102	1,708	301,221	SH		SOLE		297,903	0	3,318
Nuveen Credit Strategies Incom	COM SHS	67073d102	694	122,350	SH		DFND	1	122,350	0	0
Nuveen Enhanced AMT-Free Muni	COM	67071l106	306	20,850	SH		SOLE		19,450	0	1,400
Nuveen Enhanced Municipal Cred	COM SH BEN INT	67070x101	251	17,804	SH		SOLE		17,804	0	0
Nuveen Intermediate Duration M	COM	670671106	227	17,504	SH		SOLE		13,886	0	3,618
Nuveen Intermediate Duration Q	COM	670677103	170	12,771	SH		SOLE		12,771	0	0
Nuveen Preferred Income Opport	COM	67073b106	283	38,593	SH		SOLE		38,593	0	0
Nuveen Quality Municipal Incom	COM	67066v101	328	23,850	SH		SOLE		20,378	0	3,472
Nuveen Quality Preferred Incom	COM	67072C105	145	20,001	SH		SOLE		20,001	0	0
Nuveen Real Asset Income and G	COM	67074y105	242	24,527	SH		SOLE		24,253	0	274
NVIDIA Corp	COM	67066g104	529	2,005	SH		SOLE		1,041	0	964
Oaktree Specialty Lending Corp	COM	67401p108	175	53,880	SH		SOLE		53,880	0	0
Oaktree Strategic Income Corp	COM	67402d104	154	27,837	SH		SOLE		27,061	0	776
Oaktree Strategic Income Corp	COM	67402d104	167	30,103	SH		DFND	1	30,103	0	0
Occidental Petroleum Corp	COM	674599105	168	14,490	SH		SOLE		13,351	0	1,139
Oracle Corp	COM	68389X105	600	12,404	SH		SOLE		7,414	0	4,990
O'Reilly Automotive Inc	COM	67103H107	483	1,606	SH		SOLE		1,472	0	134
Oxford Square Capital Corp	COM	69181v107	26	10,126	SH		SOLE		10,126	0	0
PACCAR Inc	COM	693718108	277	4,525	SH		SOLE		4,435	0	90
PayPal Holdings Inc	COM	70450y103	697	7,281	SH		SOLE		3,966	0	3,315
PCM Fund Inc	COM	69323T101	868	109,293	SH		SOLE		107,445	0	1,848
PepsiCo Inc	COM	713448108	1,341	11,168	SH		SOLE		8,853	0	2,315
Pfizer Inc	COM	717081103	21,766	666,854	SH		SOLE		521,314	0	145,540
Philip Morris International In	COM	718172109	23,401	320,734	SH		SOLE		293,128	0	27,606
Philip Morris International In	COM	718172109	1,110	15,215	SH		DFND	1	15,215	0	0
PICO Holdings Inc	COM NEW	693366205	2,627	337,704	SH		SOLE		268,996	0	68,708
PICO Holdings Inc	COM NEW	693366205	5,074	652,122	SH		DFND	1	652,122	0	0
PIMCO Active Bond ETF	ACTIVE BD ETF	72201r775	1,640	15,443	SH		SOLE		15,443	0	0
PIMCO Corporate & Income Oppor	COM	72201b101	192	14,896	SH		SOLE		14,896	0	0
PIMCO Dynamic Credit and Mortg	COM SHS	72202d106	2,440	145,063	SH		SOLE		129,751	0	15,312
PIMCO Dynamic Credit and Mortg	COM SHS	72202d106	382	22,730	SH		DFND	1	22,730	0	0
PIMCO Dynamic Income Fund	SHS	72201y101	251	11,363	SH		SOLE		11,213	0	150
PIMCO Energy & Tactical Credit	COM SHS BEN INT	69346n107	3,556	662,219	SH		SOLE		595,624	0	66,595
PIMCO Enhanced Short Maturity	ENHAN SHRT MA AC	72201r833	2,618	26,450	SH		SOLE		26,412	0	38
PIMCO Income Strategy Fund II	COM	72201j104	443	58,488	SH		SOLE		57,358	0	1,130
PIMCO Municipal Income Fund II	COM	72200w106	387	30,591	SH		SOLE		30,591	0	0
Point Bridge Gop Stock Tracker	POINT BRIDGE GOP	26922a628	1,502	77,000	SH		SOLE		77,000	0	0
Pope Resources A Delaware LP	DEPOSITRY RCPT	732857107	283	3,366	SH		DFND	1	3,366	0	0
Procter & Gamble Co	COM	742718109	2,954	26,850	SH		SOLE		24,360	0	2,490
Prospect Capital Corp	COM	74348t102	55	12,947	SH		SOLE		12,947	0	0
Public Storage	COM	74460d109	1,303	6,561	SH		SOLE		1,841	0	4,720
QUALCOMM Inc	COM	747525103	12,283	181,563	SH		SOLE		158,829	0	22,734
QUALCOMM Inc	COM	747525103	135	2,000	SH		DFND	1	2,000	0	0
Raytheon Co	COM NEW	755111507	536	4,087	SH		SOLE		1,980	0	2,108
Realty Income Corp	COM	756109104	253	5,071	SH		SOLE		4,612	0	459
Reaves Utility Income Fund	COM SH BEN INT	756158101	414	14,404	SH		SOLE		13,373	0	1,031
Republic Services Inc	COM	760759100	299	3,981	SH		SOLE		3,546	0	435
Retail Opportunity Investments	COM	76131n101	1,647	198,681	SH		SOLE		181,582	0	17,099
Rexford Industrial Realty Inc	COM	76169C100	12,108	295,240	SH		SOLE		248,789	0	46,451
RiverNorth/DoubleLine Strategi	COM	76882G107	539	42,110	SH		SOLE		41,454	0	656
RiverNorth/DoubleLine Strategi	COM	76882G107	2,304	180,008	SH		DFND	1	180,008	0	0
RLI Corp	COM	749607107	280	3,183	SH		SOLE		3,183	0	0
RLJ Lodging Trust Pfd 1.95 Co	CUM CONV PFD A	74965l200	440	25,128	SH		SOLE		20,926	0	4,202
Robert Half International Inc	COM	770323103	331	8,766	SH		SOLE		0	0	8,766
Rockwell Automation Inc	COM	773903109	629	4,167	SH		SOLE		3,417	0	750
Royce Micro Capital Trust Inc	COM	780915104	487	87,679	SH		SOLE		73,388	0	14,291
S&P Global Inc	COM	78409v104	1,750	7,140	SH		SOLE		1,649	0	5,491
salesforce.com Inc	COM	79466l302	25,370	176,207	SH		SOLE		156,193	0	20,014
Schlumberger Ltd	COM	806857108	137	10,183	SH		SOLE		9,285	0	898
Schwab Int'l Large Cap Equity - ETF	INTL EQTY ETF	808524805	269	10,404	SH		SOLE		10,404	0	0
Schwab Large Cap Blend - ETF	US LRG CAP ETF	808524201	1,328	21,682	SH		SOLE		21,682	0	0
Schwab U.S. Large-Cap Value ET	US LCAP VA ETF	808524409	262	5,928	SH		SOLE		5,928	0	0
Sempra Energy	COM	816851109	395	3,497	SH		SOLE		3,351	0	146
Skyworks Solutions Inc	COM	83088m102	1,201	13,438	SH		SOLE		3,183	0	10,255
Snap Inc	CL A	83304a106	1,474	123,934	SH		SOLE		0	0	123,934
Sony Corp ADR	SPONSORED ADR	835699307	8,315	140,505	SH		SOLE		125,861	0	14,643
Sony Corp ADR	SPONSORED ADR	835699307	594	10,045	SH		DFND	1	10,045	0	0
Southwest Airlines Co	COM	844741108	11,479	322,356	SH		SOLE		288,302	0	34,054
SPDR Gold Trust	GOLD SHS	78463v107	2,497	16,867	SH		SOLE		16,805	0	62
SPDR Portfolio World ex- US ETF	PORTFOLIO DEVLPD	78463X889	296	12,382	SH		SOLE		0	0	0
SPDR S&P 500 ETF Unit Trust	TR UNIT	78462f103	12,014	46,611	SH		SOLE		44,569	0	2,042
SPDR S&P Dividend ETF	S&P DIVID ETF	78464A763	219	2,743	SH		SOLE		2,743	0	0
SPDR S&P Global Infrastructure	S&P GBLINF ETF	78463x855	1,895	48,545	SH		SOLE		45,377	0	3,168
Starbucks Corp	COM	855244109	8,829	134,303	SH		SOLE		116,829	0	17,474
Starwood Property Trust Inc	COM	85571b105	1,234	120,408	SH		SOLE		112,713	0	7,694
Sterling Bancorp	COM	85917a100	1,722	164,816	SH		SOLE		164,816	0	0
Sysco Corp	COM	871829107	277	6,079	SH		SOLE		5,741	0	338
Tandy Leather Factory Inc	COM	87538X105	294	81,703	SH		SOLE		80,188	0	1,515
Tandy Leather Factory Inc	COM	87538X105	67	18,548	SH		DFND	1	18,548	0	0
Tanzanian Gold Corp	COM	87601a107	60	117,371	SH		SOLE		117,371	0	0
Target Corp	COM	87612e106	382	4,113	SH		SOLE		3,756	0	357
TCW Strategic Income Fund Inc	COM	872340104	5,369	1,038,561	SH		SOLE		960,419	0	78,141
TCW Strategic Income Fund Inc	COM	872340104	205	39,710	SH		DFND	1	39,710	0	0
Templeton Emerging Markets Inc	COM	880192109	416	55,600	SH		DFND	1	55,600	0	0
Tesla Motors Inc	COM	88160r101	614	1,171	SH		SOLE		893	0	278
Texas Instruments Inc	COM	882508104	9,806	98,125	SH		SOLE		86,813	0	11,312
Texas Pacific Land Trust	SUB CTF PROP I T	882610108	20	53	SH		SOLE		53	0	0
Texas Pacific Land Trust	SUB CTF PROP I T	882610108	1,894	4,983	SH		DFND	1	4,983	0	0
Thermo Fisher Scientific Inc	COM	883556102	738	2,604	SH		SOLE		1,852	0	752
TJX Companies Inc	COM	872540109	8,426	176,233	SH		SOLE		161,092	0	15,141
Tortoise Energy Infrastructure	COM	89147l100	677	264,586	SH		SOLE		230,961	0	33,625
Tortoise North American Pipeli	TORTOISE NRAM PI	56167n720	313	23,060	SH		SOLE		23,060	0	0
Uber Technologies Inc	COM	90353t100	6,354	227,562	SH		SOLE		203,619	0	23,943
Unilever PLC	SPON ADR NEW	904767704	660	13,052	SH		SOLE		11,996	0	1,056
Union Pacific Corp	COM	907818108	406	2,878	SH		SOLE		2,674	0	204
United Parcel Service Inc	CL B	911312106	16,444	176,019	SH		SOLE		174,887	0	1,132
United Technologies Corp	COM	913017109	326	3,454	SH		SOLE		3,232	0	222
UnitedHealth Group Inc	COM	91324p102	10,950	43,910	SH		SOLE		39,629	0	4,281
Vanguard FTSE Emerging Markets ETF	FTSE EMR MKT ETF	922042858	515	15,355	SH		SOLE		13,674	0	1,681
Vanguard Growth ETF	GROWTH ETF	922908736	252	1,609	SH		SOLE		1,519	0	90
Vanguard Intermediate-Term Bon	INTERMED TERM	921937819	215	2,405	SH		SOLE		2,405	0	0
Vanguard Intermediate-Term Cor	INT-TERM CORP	92206c870	340	3,907	SH		SOLE		3,907	0	0
Vanguard Long-Term Govt Bd Idx	LONG TERM TREAS	92206c847	202	2,000	SH		SOLE		2,000	0	0
Vanguard Mid Cap ETF	MID CAP ETF	922908629	2,572	19,536	SH		SOLE		19,536	0	0
Vanguard Mortgage-Backed Secur	MORTG-BACK SEC	92206c771	1,626	29,834	SH		SOLE		28,692	0	1,142
Vanguard REIT ETF	REAL ESTATE ETF	922908553	2,758	39,479	SH		SOLE		37,306	0	2,173
Vanguard S&P 500 ETF	S&P 500 ETF SHS	922908363	4,894	20,667	SH		SOLE		20,667	0	0
Vanguard S&P Small-Cap 600 ETF	SMLLCP 600 IDX	921932828	1,390	13,566	SH		SOLE		13,566	0	0
Vanguard Short Term Corporate	SHRT TRM CORP BD	92206c409	678	8,567	SH		SOLE		8,567	0	0
Vanguard Total Stock Market ET	TOTAL STK MKT	922908769	533	4,133	SH		SOLE		4,133	0	0
Vereit Inc	COM	92339V100	43,820	8,961,186	SH		SOLE		7,965,493	0	995,693
Verizon Communications Inc	COM	92343v104	1,202	22,362	SH		SOLE		17,973	0	4,389
Visa Inc	COM CL A	92826C839	17,266	107,160	SH		SOLE		91,279	0	15,881
Voya Prime Rate Trust	SH BEN INT	92913a100	726	195,693	SH		SOLE		192,441	0	3,252
Vulcan Materials Co	COM	929160109	1,297	12,005	SH		SOLE		2,623	0	9,382
Wal-Mart Stores Inc	COM	931142103	1,249	10,997	SH		SOLE		9,683	0	1,314
Walt Disney Co	COM DISNEY	254687106	38,104	394,455	SH		SOLE		350,646	0	43,809
Walt Disney Co	COM DISNEY	254687106	1,050	10,865	SH		DFND	1	10,865	0	0
Waste Management Inc	COM	94106L109	499	5,396	SH		SOLE		1,108	0	4,288
Wells Fargo & Co	COM	949746101	570	19,864	SH		SOLE		18,511	0	1,353
Wells Fargo & Co New Perp Pfd	PERP PFD CNV A	949746804	3,906	3,066	SH		SOLE		2,850	0	215
Wells Fargo Multi-Sector Incom	COM	94987D101	270	28,070	SH		SOLE		22,804	0	5,266
Western Asset/Claymore US Trea	COM	95766r104	130	13,553	SH		SOLE		13,553	0	0
Williams Companies Inc	COM	969457100	245	17,329	SH		SOLE		13,756	0	3,573
Williams Companies Inc	COM	969457100	235	16,635	SH		DFND	1	16,635	0	0
Woodward Inc	COM	980745103	357	6,012	SH		SOLE		6,000	0	12
Yum! Brands Inc	COM	988498101	659	9,611	SH		SOLE		7,856	0	1,755
Zebra Technologies Corp	CL A	989207105	402	2,189	SH		SOLE		484	0	1,705
Zimmer Biomet Holdings Inc	COM	98956p102	751	7,430	SH		SOLE		6,529	0	901