Markston International 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 COMPANY	common stock	88579Y101	5,033	30,514	SH		SOLE		30,514	0	0
3M COMPANY	common stock	88579Y101	8,211	49,780	SH		OTR	1	49,780	0	0
ABBOTT LABORATORIES	common stock	002824100	1,763	38,055	SH		SOLE		38,055	0	0
ABBOTT LABORATORIES	common stock	002824100	4,613	99,570	SH		OTR	1	99,570	0	0
ABBVIE, INC.	common stock	00287Y109	2,335	39,886	SH		SOLE		39,886	0	0
ABBVIE, INC.	common stock	00287Y109	6,851	117,027	SH		OTR	1	117,027	0	0
ACCO BRANDS CORPORATION	common stock	00081T108	2	234	SH		SOLE		234	0	0
ACTUA CORPORATION	common stock	005094107	23	1,500	SH		SOLE		1,500	0	0
ADT CORPORATION	common stock	00101J106	611	14,716	SH		SOLE		14,716	0	0
AES CORPORATION (THE)	common stock	00130H105	26	2,000	SH		SOLE		2,000	0	0
AETNA, INC.	common stock	00817Y108	11,470	107,670	SH		SOLE		107,670	0	0
AETNA, INC.	common stock	00817Y108	33,097	310,685	SH		OTR	1	310,685	0	0
AKORN, INC.	common stock	009728106	48	1,000	SH		SOLE		1,000	0	0
ALCATEL-LUCENT ADR	common stock	013904305	0	11	SH		SOLE		11	0	0
ALLEGHANY CORPORATION	common stock	017175100	19	40	SH		SOLE		40	0	0
ALLIANCE DATA SYSTEM CORPORATI	common stock	018581108	19	63	SH		SOLE		63	0	0
ALLSTATE CORPORATION	common stock	020002101	2,529	35,541	SH		SOLE		35,541	0	0
ALLSTATE CORPORATION	common stock	020002101	6,542	91,924	SH		OTR	1	91,924	0	0
AMAZON.COM, INC.	common stock	023135106	28	75	SH		SOLE		75	0	0
AMC NETWORKS INC.	common stock	00164V103	446	5,825	SH		SOLE		5,825	0	0
AMERICAN EXPRESS CO.	common stock	025816109	7,554	96,700	SH		SOLE		96,700	0	0
AMERICAN EXPRESS CO.	common stock	025816109	27,488	351,865	SH		OTR	1	351,865	0	0
AMERICAN INTERNATIONAL GROUP,	common stock	026874784	2,651	48,377	SH		SOLE		48,377	0	0
AMERICAN INTERNATIONAL GROUP,	common stock	026874784	7,555	137,885	SH		OTR	1	137,885	0	0
AMERIPRISE FINANCIAL, INC.	common stock	03076C106	1,978	15,115	SH		SOLE		15,115	0	0
AMERIPRISE FINANCIAL, INC.	common stock	03076C106	2,285	17,462	SH		OTR	1	17,462	0	0
ANADARKO PETROLEUM CORP.	common stock	032511107	4,475	54,044	SH		SOLE		54,044	0	0
ANADARKO PETROLEUM CORP.	common stock	032511107	8,023	96,884	SH		OTR	1	96,884	0	0
ANIXTER INTERNATIONAL, INC.	common stock	035290105	8	100	SH		SOLE		100	0	0
AOL, INC.	common stock	00184X105	4	95	SH		SOLE		95	0	0
AON CORPORATION	common stock	G0408V102	2,325	24,187	SH		SOLE		24,187	0	0
AON CORPORATION	common stock	G0408V102	1,230	12,800	SH		OTR	1	12,800	0	0
APACHE CORPORATION	common stock	037411105	2,378	39,409	SH		SOLE		39,409	0	0
APACHE CORPORATION	common stock	037411105	6,149	101,929	SH		OTR	1	101,929	0	0
APPLE, INC.	common stock	037833100	18,875	151,692	SH		SOLE		151,692	0	0
APPLE, INC.	common stock	037833100	56,865	457,000	SH		OTR	1	457,000	0	0
ASCENT CAPITAL GROUP, INC.	common stock	043632108	8	198	SH		SOLE		198	0	0
AT&T, INC.	common stock	00206R102	3,176	97,270	SH		SOLE		97,270	0	0
AT&T, INC.	common stock	00206R102	6,621	202,795	SH		OTR	1	202,795	0	0
AUTOMATIC DATA PROCESSING, INC	common stock	053015103	4,048	47,262	SH		SOLE		47,262	0	0
AUTOMATIC DATA PROCESSING, INC	common stock	053015103	12,170	142,107	SH		OTR	1	142,107	0	0
AVIS BUDGET GROUP, INC.	common stock	053774105	24	400	SH		SOLE		400	0	0
BANK OF AMERICA CORPORATION	common stock	060505104	3,017	196,024	SH		SOLE		196,024	0	0
BANK OF AMERICA CORPORATION	common stock	060505104	7,822	508,254	SH		OTR	1	508,254	0	0
BANK OF NEW YORK MELLON CORPOR	common stock	064058100	2,831	70,348	SH		SOLE		70,348	0	0
BANK OF NEW YORK MELLON CORPOR	common stock	064058100	4,439	110,325	SH		OTR	1	110,325	0	0
BARNES & NOBLE, INC.	common stock	067774109	4	150	SH		SOLE		150	0	0
BAXTER INTERNATIONAL, INC.	common stock	071813109	2,154	31,441	SH		SOLE		31,441	0	0
BAXTER INTERNATIONAL, INC.	common stock	071813109	5,699	83,193	SH		OTR	1	83,193	0	0
BERKSHIRE HATHAWAY, INC. CLASS	common stock	084670702	2,178	15,093	SH		SOLE		15,093	0	0
BERKSHIRE HATHAWAY, INC. CLASS	common stock	084670702	3,500	24,249	SH		OTR	1	24,249	0	0
BLACK HILLS CORPORATION	common stock	092113109	8	160	SH		SOLE		160	0	0
BOEING COMPANY	common stock	097023105	9,077	60,480	SH		SOLE		60,480	0	0
BOEING COMPANY	common stock	097023105	27,146	180,877	SH		OTR	1	180,877	0	0
BP PLC SPONSORED ADR	common stock	055622104	377	9,631	SH		SOLE		9,631	0	0
CABLEVISION SYSTEMS CORP. CL A	common stock	12686C109	1,759	96,131	SH		SOLE		96,131	0	0
CABLEVISION SYSTEMS CORP. CL A	common stock	12686C109	3,967	216,757	SH		OTR	1	216,757	0	0
CATERPILLAR, INC.	common stock	149123101	4,172	52,129	SH		SOLE		52,129	0	0
CATERPILLAR, INC.	common stock	149123101	8,489	106,070	SH		OTR	1	106,070	0	0
CELADON GROUP, INC.	common stock	150838100	41	1,500	SH		SOLE		1,500	0	0
CELGENE CORPORATION	common stock	151020104	784	6,802	SH		SOLE		6,802	0	0
CELGENE CORPORATION	common stock	151020104	15,321	132,900	SH		OTR	1	132,900	0	0
CENTURYTEL, INC.	common stock	156700106	26	749	SH		SOLE		749	0	0
CHESAPEAKE ENERGY CORPORATION	common stock	165167107	767	54,195	SH		SOLE		54,195	0	0
CHESAPEAKE ENERGY CORPORATION	common stock	165167107	3,908	275,959	SH		OTR	1	275,959	0	0
CHEVRON CORPORATION	common stock	166764100	4,796	45,685	SH		SOLE		45,685	0	0
CHEVRON CORPORATION	common stock	166764100	3,530	33,629	SH		OTR	1	33,629	0	0
CHUBB CORPORATION	common stock	171232101	4,067	40,227	SH		SOLE		40,227	0	0
CHUBB CORPORATION	common stock	171232101	12,309	121,751	SH		OTR	1	121,751	0	0
CITIGROUP, INC.	common stock	172967424	4,649	90,231	SH		SOLE		90,231	0	0
CITIGROUP, INC.	common stock	172967424	2,852	55,355	SH		OTR	1	55,355	0	0
CMS ENERGY CORPORATION	common stock	125896100	314	9,000	SH		SOLE		9,000	0	0
COCA-COLA COMPANY (THE)	common stock	191216100	6,207	153,081	SH		SOLE		153,081	0	0
COCA-COLA COMPANY (THE)	common stock	191216100	12,021	296,440	SH		OTR	1	296,440	0	0
COLGATE-PALMOLIVE COMPANY	common stock	194162103	404	5,830	SH		SOLE		5,830	0	0
COLGATE-PALMOLIVE COMPANY	common stock	194162103	2,960	42,683	SH		OTR	1	42,683	0	0
COMCAST CORP CL A	common stock	20030N101	3,491	61,827	SH		SOLE		61,827	0	0
COMCAST CORP CL A	common stock	20030N101	10,694	189,370	SH		OTR	1	189,370	0	0
COMCAST CORPORATION SPECIAL CL	common stock	20030N200	120	2,142	SH		SOLE		2,142	0	0
COMPUTER SCIENCES CORP.	common stock	205363104	13	200	SH		SOLE		200	0	0
CONOCOPHILLIPS	common stock	20825C104	3,402	54,635	SH		SOLE		54,635	0	0
CONOCOPHILLIPS	common stock	20825C104	8,746	140,481	SH		OTR	1	140,481	0	0
CORNING,INC.	common stock	219350105	1,229	54,205	SH		SOLE		54,205	0	0
CORNING,INC.	common stock	219350105	4,355	192,000	SH		OTR	1	192,000	0	0
COVANTA HOLDING CORPORATION	common stock	22282E102	274	12,231	SH		SOLE		12,231	0	0
COVANTA HOLDING CORPORATION	common stock	22282E102	5,444	242,700	SH		OTR	1	242,700	0	0
COWEN GROUP INC - CLASS A	common stock	223622101	2	400	SH		SOLE		400	0	0
CRIMSON WINE GROUP, LTD.	common stock	22662X100	0	40	SH		SOLE		40	0	0
CSX CORPORATION	common stock	126408103	1,223	36,927	SH		SOLE		36,927	0	0
CSX CORPORATION	common stock	126408103	5,548	167,526	SH		OTR	1	167,526	0	0
CVS CAREMARK CORPORATION	common stock	126650100	11,513	111,552	SH		SOLE		111,552	0	0
CVS CAREMARK CORPORATION	common stock	126650100	19,097	185,031	SH		OTR	1	185,031	0	0
DEVON ENERGY CORP.	common stock	25179M103	2,963	49,131	SH		SOLE		49,131	0	0
DEVON ENERGY CORP.	common stock	25179M103	4,731	78,445	SH		OTR	1	78,445	0	0
DIRECTV GROUP INC.	common stock	25490A309	1,382	16,234	SH		SOLE		16,234	0	0
DIRECTV GROUP INC.	common stock	25490A309	4,763	55,965	SH		OTR	1	55,965	0	0
DISCOVER FINANCIAL SERVICES, I	common stock	254709108	3,303	58,623	SH		SOLE		58,623	0	0
DISCOVER FINANCIAL SERVICES, I	common stock	254709108	9,941	176,420	SH		OTR	1	176,420	0	0
DOMINION RESOURCES, INC.	common stock	25746U109	2,372	33,464	SH		SOLE		33,464	0	0
DOMINION RESOURCES, INC.	common stock	25746U109	1,325	18,700	SH		OTR	1	18,700	0	0
DR. PEPPER SNAPPLE GROUP	common stock	26138E109	8	100	SH		SOLE		100	0	0
DTE ENERGY COMPANY	common stock	233331107	13	160	SH		SOLE		160	0	0
DUKE ENERGY CORP. NEW	common stock	26441C204	2,473	32,206	SH		SOLE		32,206	0	0
DUKE ENERGY CORP. NEW	common stock	26441C204	4,103	53,443	SH		OTR	1	53,443	0	0
DUPONT(E.I.) DE NEMOURS & CO.	common stock	263534109	7,982	111,688	SH		SOLE		111,688	0	0
DUPONT(E.I.) DE NEMOURS & CO.	common stock	263534109	23,880	334,130	SH		OTR	1	334,130	0	0
EBAY, INC.	common stock	278642103	5,411	93,808	SH		SOLE		93,808	0	0
EBAY, INC.	common stock	278642103	16,555	287,012	SH		OTR	1	287,012	0	0
EOG RESOURCES, INC.	common stock	26875P101	2,895	31,571	SH		SOLE		31,571	0	0
EOG RESOURCES, INC.	common stock	26875P101	9,743	106,258	SH		OTR	1	106,258	0	0
EXXON MOBIL CORPORATION	common stock	30231G102	281	3,301	SH		SOLE		3,301	0	0
FEDEX CORPORATION	common stock	31428X106	66	400	SH		SOLE		400	0	0
FINISAR CORPORATION	common stock	31787A507	2	102	SH		SOLE		102	0	0
FOREST CITY ENTERPRISES A	common stock	345550107	26	1,000	SH		SOLE		1,000	0	0
FRONTIER COMMUNICATIONS CORP.	common stock	35906A108	2	324	SH		SOLE		324	0	0
FRP Holdings, Inc.	common stock	30292L107	4	100	SH		SOLE		100	0	0
GENCORP, INC.	common stock	368682100	64	2,748	SH		SOLE		2,748	0	0
GENCORP, INC.	common stock	368682100	3,446	148,600	SH		OTR	1	148,600	0	0
GENERAL ELECTRIC COMPANY	common stock	369604103	5,685	229,157	SH		SOLE		229,157	0	0
GENERAL ELECTRIC COMPANY	common stock	369604103	15,086	608,048	SH		OTR	1	608,048	0	0
GOLDMAN SACHS GROUP, INC.	common stock	38141G104	2,176	11,577	SH		SOLE		11,577	0	0
GOLDMAN SACHS GROUP, INC.	common stock	38141G104	8,790	46,763	SH		OTR	1	46,763	0	0
GOOGLE INC CLASS A	common stock	38259P508	4,114	7,417	SH		SOLE		7,417	0	0
GOOGLE INC CLASS A	common stock	38259P508	11,707	21,105	SH		OTR	1	21,105	0	0
GOOGLE INC CLASS C	common stock	38259P706	5,020	9,161	SH		SOLE		9,161	0	0
GOOGLE INC CLASS C	common stock	38259P706	12,577	22,950	SH		OTR	1	22,950	0	0
HARLEY DAVIDSON, INC.	common stock	412822108	39	650	SH		SOLE		650	0	0
HARTFORD FINANCIAL SERVICES GR	common stock	416515104	6	135	SH		SOLE		135	0	0
HCC INSURANCE HOLDINGS, INC.	common stock	404132102	29	520	SH		SOLE		520	0	0
HCP, INC.	common stock	40414L109	5,305	122,770	SH		SOLE		122,770	0	0
HCP, INC.	common stock	40414L109	11,511	266,401	SH		OTR	1	266,401	0	0
HESS CORPORATION	common stock	42809H107	2,723	40,121	SH		SOLE		40,121	0	0
HESS CORPORATION	common stock	42809H107	6,625	97,606	SH		OTR	1	97,606	0	0
HEXCEL CORPORATION	common stock	428291108	134	2,600	SH		SOLE		2,600	0	0
HOME DEPOT, INC.	common stock	437076102	3,826	33,679	SH		SOLE		33,679	0	0
HOME DEPOT, INC.	common stock	437076102	11,562	101,773	SH		OTR	1	101,773	0	0
HONEYWELL INTERNATIONAL, INC.	common stock	438516106	962	9,227	SH		SOLE		9,227	0	0
HONEYWELL INTERNATIONAL, INC.	common stock	438516106	7,870	75,452	SH		OTR	1	75,452	0	0
HOSPIRA, INC.	common stock	441060100	1,109	12,622	SH		SOLE		12,622	0	0
HOSPIRA, INC.	common stock	441060100	4,331	49,302	SH		OTR	1	49,302	0	0
HUDSON GLOBAL, INC.	common stock	443787106	1	200	SH		SOLE		200	0	0
ICU MEDICAL, INC.	common stock	44930G107	9	100	SH		SOLE		100	0	0
IMMUNOMEDICS, INC.	common stock	452907108	1	300	SH		SOLE		300	0	0
INFINERA CORPORATION	common stock	45667G103	34	1,750	SH		SOLE		1,750	0	0
INFINERA CORPORATION	common stock	45667G103	1,860	94,552	SH		OTR	1	94,552	0	0
INTEL CORP.	common stock	458140100	2,208	70,604	SH		SOLE		70,604	0	0
INTEL CORP.	common stock	458140100	6,993	223,625	SH		OTR	1	223,625	0	0
INTERNATIONAL BUSINESS MACHINE	common stock	459200101	4,812	29,981	SH		SOLE		29,981	0	0
INTERNATIONAL BUSINESS MACHINE	common stock	459200101	13,074	81,459	SH		OTR	1	81,459	0	0
JACOBS ENGINEERING GROUP, INC.	common stock	469814107	1,073	23,765	SH		SOLE		23,765	0	0
JACOBS ENGINEERING GROUP, INC.	common stock	469814107	4,823	106,801	SH		OTR	1	106,801	0	0
JOHNSON & JOHNSON	common stock	478160104	2,479	24,641	SH		SOLE		24,641	0	0
JOHNSON & JOHNSON	common stock	478160104	9,147	90,925	SH		OTR	1	90,925	0	0
JOHNSON CONTROLS, INC.	common stock	478366107	707	14,025	SH		SOLE		14,025	0	0
JOHNSON CONTROLS, INC.	common stock	478366107	2,342	46,440	SH		OTR	1	46,440	0	0
JPMORGAN CHASE & COMPANY	common stock	46625H100	3,481	57,461	SH		SOLE		57,461	0	0
JPMORGAN CHASE & COMPANY	common stock	46625H100	10,739	177,272	SH		OTR	1	177,272	0	0
KCG HOLDINGS, ING.	common stock	48244B100	1	95	SH		SOLE		95	0	0
KEMET CORPORATION	common stock	488360108	1	300	SH		SOLE		300	0	0
KINROSS GOLD CORPORATION	common stock	496902404	2	700	SH		SOLE		700	0	0
KROGER CO.	common stock	501044101	764	9,964	SH		SOLE		9,964	0	0
LEUCADIA NATIONAL CORPORATION	common stock	527288104	444	19,931	SH		SOLE		19,931	0	0
LEUCADIA NATIONAL CORPORATION	common stock	527288104	1,560	69,984	SH		OTR	1	69,984	0	0
LIBERTY BROADBAND CORP. - A	common stock	530307107	1,179	20,879	SH		SOLE		20,879	0	0
LIBERTY BROADBAND CORP. - A	common stock	530307107	2,153	38,111	SH		OTR	1	38,111	0	0
LIBERTY BROADBAND CORP. - C	common stock	530307305	2,587	45,711	SH		SOLE		45,711	0	0
LIBERTY BROADBAND CORP. - C	common stock	530307305	9,216	162,822	SH		OTR	1	162,822	0	0
LIBERTY MEDIA CLASS C	common stock	531229300	6,993	183,060	SH		SOLE		183,060	0	0
LIBERTY MEDIA CLASS C	common stock	531229300	24,707	646,788	SH		OTR	1	646,788	0	0
LIBERTY MEDIA CORPORATION	common stock	531229102	3,224	83,620	SH		SOLE		83,620	0	0
LIBERTY MEDIA CORPORATION	common stock	531229102	10,477	271,776	SH		OTR	1	271,776	0	0
LIBERTY MEDIA HOLDING CORP.-IN	common stock	53071M104	3,728	127,718	SH		SOLE		127,718	0	0
LIBERTY MEDIA HOLDING CORP.-IN	common stock	53071M104	13,344	457,143	SH		OTR	1	457,143	0	0
LIBERTY TRIPADVISOR HOLDINGS I	common stock	531465102	500	15,730	SH		SOLE		15,730	0	0
LIBERTY TRIPADVISOR HOLDINGS I	common stock	531465102	1,564	49,194	SH		OTR	1	49,194	0	0
LIBERTY VENTURES - SER A	common stock	53071M880	1,406	33,458	SH		SOLE		33,458	0	0
LIBERTY VENTURES - SER A	common stock	53071M880	2,812	66,931	SH		OTR	1	66,931	0	0
LIVE NATION ENTERTAINMENT, INC	common stock	538034109	10	400	SH		SOLE		400	0	0
LOWE'S COMPANIES, INC.	common stock	548661107	5,616	75,488	SH		SOLE		75,488	0	0
LOWE'S COMPANIES, INC.	common stock	548661107	18,160	244,122	SH		OTR	1	244,122	0	0
MADISON SQUARE GARDEN COMPANY	common stock	55826P100	1,257	14,854	SH		SOLE		14,854	0	0
MADISON SQUARE GARDEN COMPANY	common stock	55826P100	13,185	155,763	SH		OTR	1	155,763	0	0
MALLINCKRODT PLC	common stock	G5785G107	163	1,286	SH		SOLE		1,286	0	0
MARATHON OIL CORPORATION	common stock	565849106	2,203	84,370	SH		SOLE		84,370	0	0
MARATHON OIL CORPORATION	common stock	565849106	4,616	176,774	SH		OTR	1	176,774	0	0
MARATHON PETROLEUM CORPORATION	common stock	56585A102	5,501	53,727	SH		SOLE		53,727	0	0
MARATHON PETROLEUM CORPORATION	common stock	56585A102	14,296	139,620	SH		OTR	1	139,620	0	0
MARKET VECT GOLD MINERS	common stock	57060U100	1	50	SH		SOLE		50	0	0
MARSH & MCLENNAN COMPANIES, IN	common stock	571748102	394	7,023	SH		SOLE		7,023	0	0
MARSH & MCLENNAN COMPANIES, IN	common stock	571748102	3,040	54,194	SH		OTR	1	54,194	0	0
MATTEL INC.	common stock	577081102	82	3,596	SH		SOLE		3,596	0	0
MCDONALD'S CORP.	common stock	580135101	3,162	32,446	SH		SOLE		32,446	0	0
MCDONALD'S CORP.	common stock	580135101	9,070	93,080	SH		OTR	1	93,080	0	0
MEADWESTVACO CORP.	common stock	583334107	35	710	SH		SOLE		710	0	0
MEDTRONIC INC.	common stock	585055106	4,540	58,216	SH		SOLE		58,216	0	0
MEDTRONIC INC.	common stock	585055106	19,240	246,701	SH		OTR	1	246,701	0	0
MERCK & CO. INC.	common stock	58933Y105	4,212	73,276	SH		SOLE		73,276	0	0
MERCK & CO. INC.	common stock	58933Y105	5,830	101,426	SH		OTR	1	101,426	0	0
METLIFE, INC.	common stock	59156R108	3,054	60,421	SH		SOLE		60,421	0	0
METLIFE, INC.	common stock	59156R108	7,215	142,730	SH		OTR	1	142,730	0	0
MICROSOFT CORPORATION	common stock	594918104	6,736	165,692	SH		SOLE		165,692	0	0
MICROSOFT CORPORATION	common stock	594918104	20,779	511,113	SH		OTR	1	511,113	0	0
MID AMERICAN APARTMENT COMMUNI	common stock	59522j103	28	360	SH		SOLE		360	0	0
MONDELEZ INTERNATIONAL, INC.	common stock	609207105	1,773	49,118	SH		SOLE		49,118	0	0
MONDELEZ INTERNATIONAL, INC.	common stock	609207105	1,325	36,718	SH		OTR	1	36,718	0	0
MONEYGRAM INTERNATIONAL, INC.	common stock	60935Y109	1	62	SH		SOLE		62	0	0
MONSANTO COMPANY	common stock	61166W101	6,606	58,699	SH		SOLE		58,699	0	0
MONSANTO COMPANY	common stock	61166W101	21,372	189,904	SH		OTR	1	189,904	0	0
MOSAIC COMPANY (THE)	common stock	61945C103	120	2,600	SH		SOLE		2,600	0	0
NATIONAL FUEL GAS COMPANY	common stock	636180101	1,020	16,902	SH		SOLE		16,902	0	0
NATIONAL FUEL GAS COMPANY	common stock	636180101	3,441	57,039	SH		OTR	1	57,039	0	0
NCR CORP.	common stock	62886E108	1	23	SH		SOLE		23	0	0
NEW YORK COMMUNITY BANCORP INC	common stock	649445103	10	600	SH		SOLE		600	0	0
NN, INC.	common stock	629337106	28	1,100	SH		SOLE		1,100	0	0
NORTHERN TRUST COMPANY	common stock	665859104	1,089	15,640	SH		SOLE		15,640	0	0
NORTHROP GRUMMAN CORP.	common stock	666807102	1,342	8,335	SH		SOLE		8,335	0	0
NORTHROP GRUMMAN CORP.	common stock	666807102	5,668	35,213	SH		OTR	1	35,213	0	0
ON ASSIGNMENT INC.	common stock	682159108	65	1,700	SH		SOLE		1,700	0	0
ORACLE CORPORATION	common stock	68389X105	2,895	67,084	SH		SOLE		67,084	0	0
ORACLE CORPORATION	common stock	68389X105	8,009	185,608	SH		OTR	1	185,608	0	0
ORBITAL ATK, INC.	common stock	68557N103	468	6,106	SH		SOLE		6,106	0	0
ORBITAL ATK, INC.	common stock	68557N103	4,691	61,221	SH		OTR	1	61,221	0	0
OUTERWALL INC.	common stock	690070107	1,779	26,906	SH		SOLE		26,906	0	0
OUTERWALL INC.	common stock	690070107	3,444	52,093	SH		OTR	1	52,093	0	0
OUTFRONT MEDIA, INC.	common stock	69007J106	88	2,930	SH		SOLE		2,930	0	0
PATRIOT TRANSPORTATION HOLDING	common stock	70338W105	1	33	SH		SOLE		33	0	0
PEP BOYS MANNY MOE & JACK	common stock	713278109	16	1,630	SH		SOLE		1,630	0	0
PEPSICO, INC.	common stock	713448108	7,696	80,486	SH		SOLE		80,486	0	0
PEPSICO, INC.	common stock	713448108	17,075	178,572	SH		OTR	1	178,572	0	0
PFIZER, INC.	common stock	717081103	2,057	59,112	SH		SOLE		59,112	0	0
PFIZER, INC.	common stock	717081103	4,611	132,550	SH		OTR	1	132,550	0	0
PHH CORPORATION	common stock	693320202	79	3,275	SH		SOLE		3,275	0	0
PHILIP MORRIS INTERNATIONAL, I	common stock	718172109	2,162	28,701	SH		SOLE		28,701	0	0
PHILIP MORRIS INTERNATIONAL, I	common stock	718172109	6,390	84,825	SH		OTR	1	84,825	0	0
PHILLIPS 66	common stock	718546104	2,070	26,333	SH		SOLE		26,333	0	0
PHILLIPS 66	common stock	718546104	4,371	55,613	SH		OTR	1	55,613	0	0
POPULAR, INC.	common stock	733174700	1	18	SH		SOLE		18	0	0
PROCTER & GAMBLE COMPANY	common stock	742718109	2,542	31,025	SH		SOLE		31,025	0	0
PROCTER & GAMBLE COMPANY	common stock	742718109	4,977	60,745	SH		OTR	1	60,745	0	0
PROSPECT CAPITAL CORP	common stock	74348T102	5	600	SH		SOLE		600	0	0
RAYTHEON COMPANY	common stock	755111507	3,285	30,066	SH		SOLE		30,066	0	0
RAYTHEON COMPANY	common stock	755111507	7,490	68,555	SH		OTR	1	68,555	0	0
READING INTERNATIONAL, INC. CL	common stock	755408101	3	187	SH		SOLE		187	0	0
RENTRAK CORPORATION	common stock	760174102	28	500	SH		SOLE		500	0	0
ROCKWELL AUTOMATION, INC.	common stock	773903109	876	7,554	SH		SOLE		7,554	0	0
ROCKWELL AUTOMATION, INC.	common stock	773903109	9,608	82,832	SH		OTR	1	82,832	0	0
RUBICON TECHNOLOGY, INC.	common stock	78112T107	1	300	SH		SOLE		300	0	0
SANDISK CORPORATION	common stock	80004C101	657	10,326	SH		SOLE		10,326	0	0
SANDISK CORPORATION	common stock	80004C101	3,269	51,376	SH		OTR	1	51,376	0	0
SCHLUMBERGER LIMITED	common stock	806857108	3,508	42,046	SH		SOLE		42,046	0	0
SCHLUMBERGER LIMITED	common stock	806857108	7,743	92,800	SH		OTR	1	92,800	0	0
SEVENTY SEVEN ENERGY INC	common stock	818097107	2	582	SH		SOLE		582	0	0
SPECTRA ENERGY CORPORATION	common stock	847560109	3,267	90,325	SH		SOLE		90,325	0	0
SPECTRA ENERGY CORPORATION	common stock	847560109	11,089	306,575	SH		OTR	1	306,575	0	0
SPRINT NEXTEL CORPORATION	common stock	852061100	1	130	SH		SOLE		130	0	0
ST. JOE COMPANY	common stock	790148100	392	21,100	SH		SOLE		21,100	0	0
STARBUCKS CORPORATION	common stock	855244109	925	9,769	SH		SOLE		9,769	0	0
STARWOOD HOTELS & RESORTS	common stock	85590A401	4,177	50,023	SH		SOLE		50,023	0	0
STARWOOD HOTELS & RESORTS	common stock	85590A401	11,380	136,286	SH		OTR	1	136,286	0	0
STARZ, LLC	common stock	85571Q102	2,303	66,921	SH		SOLE		66,921	0	0
STARZ, LLC	common stock	85571Q102	3,342	97,128	SH		OTR	1	97,128	0	0
STATE STREET CORP.	common stock	857477103	8,579	116,676	SH		SOLE		116,676	0	0
STATE STREET CORP.	common stock	857477103	20,518	279,049	SH		OTR	1	279,049	0	0
SUNLINK HEALTH SYSTEMS, INC.	common stock	86737U102	2	900	SH		SOLE		900	0	0
SUNLINK HEALTH SYSTEMS, INC.	common stock	86737U102	60	35,407	SH		OTR	1	35,407	0	0
SURMODICS, INC.	common stock	868873100	9	350	SH		SOLE		350	0	0
TARGET CORPORATION	common stock	87612E106	1,099	13,393	SH		SOLE		13,393	0	0
TD AMERITRADE HOLDING CORPORAT	common stock	87236Y108	11	300	SH		SOLE		300	0	0
TE CONNECTIVITY LTD.	common stock	H84989104	2,118	29,579	SH		SOLE		29,579	0	0
TE CONNECTIVITY LTD.	common stock	H84989104	11,686	163,166	SH		OTR	1	163,166	0	0
TERADATA CORPORATION	common stock	88076W103	4	100	SH		SOLE		100	0	0
TEVA PHARMACEUTICAL INDUSTRIES	common stock	881624209	2,931	47,050	SH		OTR	1	47,050	0	0
TEXAS INSTRUMENTS	common stock	882508104	1,372	23,989	SH		SOLE		23,989	0	0
TEXAS INSTRUMENTS	common stock	882508104	3,923	68,600	SH		OTR	1	68,600	0	0
TIME INC NEW	common stock	887228104	75	3,363	SH		SOLE		3,363	0	0
TIME WARNER CABLE, INC.	common stock	88732J207	183	1,219	SH		SOLE		1,219	0	0
TIME WARNER, INC.	common stock	887317303	3,748	44,384	SH		SOLE		44,384	0	0
TIME WARNER, INC.	common stock	887317303	9,996	118,375	SH		OTR	1	118,375	0	0
TRAVELCENTERS OF AMERICA	common stock	894174101	30	1,700	SH		SOLE		1,700	0	0
TRAVELERS COMPANIES, INC.	common stock	89417E109	8,476	78,389	SH		SOLE		78,389	0	0
TRAVELERS COMPANIES, INC.	common stock	89417E109	24,282	224,562	SH		OTR	1	224,562	0	0
TYCO INTERNATIONAL, PLC	common stock	G91442106	688	15,980	SH		SOLE		15,980	0	0
TYCO INTERNATIONAL, PLC	common stock	G91442106	4,775	110,889	SH		OTR	1	110,889	0	0
U.S. BANCORP	common stock	902973304	4,930	112,903	SH		SOLE		112,903	0	0
U.S. BANCORP	common stock	902973304	11,839	271,100	SH		OTR	1	271,100	0	0
UDR, INC.	common stock	902653104	2,745	80,659	SH		SOLE		80,659	0	0
UDR, INC.	common stock	902653104	14,751	433,464	SH		OTR	1	433,464	0	0
UNION PACIFIC CORPORATION	common stock	907818108	6,245	57,659	SH		SOLE		57,659	0	0
UNION PACIFIC CORPORATION	common stock	907818108	17,006	157,015	SH		OTR	1	157,015	0	0
UNITED STATES STEEL CORPORATIO	common stock	912909108	222	9,100	SH		SOLE		9,100	0	0
UNITED TECHNOLOGIES CORPORATIO	common stock	913017109	1,041	8,881	SH		SOLE		8,881	0	0
UNITED TECHNOLOGIES CORPORATIO	common stock	913017109	2,772	23,650	SH		OTR	1	23,650	0	0
UNITEDHEALTH GROUP, INC.	common stock	91324P102	3,901	32,976	SH		SOLE		32,976	0	0
US GLOBAL INVESTORS INC.- CLAS	common stock	902952100	3	800	SH		SOLE		800	0	0
VALLEY NATIONAL BANCORP	common stock	919794107	31	3,307	SH		SOLE		3,307	0	0
VALSPAR CORP.	common stock	920355104	2,380	28,320	SH		SOLE		28,320	0	0
VERISIGN, INC.	common stock	92343E102	2,769	41,348	SH		SOLE		41,348	0	0
VERISIGN, INC.	common stock	92343E102	7,463	111,435	SH		OTR	1	111,435	0	0
VERIZON COMMUNICATIONS	common stock	92343V104	2,823	58,054	SH		SOLE		58,054	0	0
VERIZON COMMUNICATIONS	common stock	92343V104	3,588	73,790	SH		OTR	1	73,790	0	0
VODAFONE GROUP PLC NEW ADR	common stock	92857W308	7	204	SH		SOLE		204	0	0
W.R. BERKLEY CORPORATION	common stock	084423102	2,687	53,203	SH		SOLE		53,203	0	0
W.R. BERKLEY CORPORATION	common stock	084423102	7,248	143,494	SH		OTR	1	143,494	0	0
WADDELL & REED FINANCIAL, INC.	common stock	930059100	6	124	SH		SOLE		124	0	0
WAL-MART STORES, INC.	common stock	931142103	3,287	39,963	SH		SOLE		39,963	0	0
WAL-MART STORES, INC.	common stock	931142103	9,656	117,400	SH		OTR	1	117,400	0	0
WALGREENS BOOTS ALLIANCE, INC.	common stock	931427108	5,324	62,874	SH		SOLE		62,874	0	0
WALGREENS BOOTS ALLIANCE, INC.	common stock	931427108	11,663	137,730	SH		OTR	1	137,730	0	0
WALT DISNEY COMPANY	common stock	254687106	2,226	21,222	SH		SOLE		21,222	0	0
WALT DISNEY COMPANY	common stock	254687106	3,367	32,100	SH		OTR	1	32,100	0	0
WASTE MANAGEMENT, INC.	common stock	94106L109	604	11,137	SH		SOLE		11,137	0	0
WEATHERFORD INTERNATIONAL, LTD	common stock	G48833100	96	7,825	SH		SOLE		7,825	0	0
WELLS FARGO & COMPANY	common stock	949746101	4,979	91,530	SH		SOLE		91,530	0	0
WELLS FARGO & COMPANY	common stock	949746101	14,125	259,659	SH		OTR	1	259,659	0	0
WERNER ENTERPRISES, INC.	common stock	950755108	15	480	SH		SOLE		480	0	0
WESTAR ENERGY, INC.	common stock	95709T100	155	4,000	SH		SOLE		4,000	0	0
WEYERHAEUSER COMPANY	common stock	962166104	2,563	77,305	SH		SOLE		77,305	0	0
WEYERHAEUSER COMPANY	common stock	962166104	2,040	61,525	SH		OTR	1	61,525	0	0
WHITE MOUNTAINS INSURANCE GROU	common stock	G9618E107	137	200	SH		SOLE		200	0	0
WILLIAMS COMPANIES, INC.	common stock	969457100	440	8,702	SH		SOLE		8,702	0	0
WILLIAMS COMPANIES, INC.	common stock	969457100	5,814	114,916	SH		OTR	1	114,916	0	0
WPX ENERGY, INC.	common stock	98212B103	7	666	SH		SOLE		666	0	0
WYNDHAM WORLDWIDE CORPORATION	common stock	98310W108	479	5,300	SH		SOLE		5,300	0	0
YAHOO! INC.	common stock	984332106	166	3,728	SH		SOLE		3,728	0	0
YAHOO! INC.	common stock	984332106	2,000	45,000	SH		OTR	1	45,000	0	0
YUM! BRANDS, INC.	common stock	988498101	1,034	13,129	SH		SOLE		13,129	0	0
iSHARES RUSSELL MIDCAP INDEX	common stock	464287499	173	1,000	SH		SOLE		1,000	0	0
GDL FUND (THE) SER B PFD	preferred stock	361570302	5	100	SH		SOLE		100	0	0
VANGUARD WINDSOR FUND	mutual fund	922018106	6	297	SH		SOLE		297	0	0