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
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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 COMPANY	common stock	88579Y101	2,298	13,120	SH		SOLE		13,120	0	0
3M COMPANY	common stock	88579Y101	3,081	17,596	SH		OTR	1	17,596	0	0
ABBOTT LABORATORIES	common stock	002824100	1,125	28,614	SH		SOLE		28,614	0	0
ABBOTT LABORATORIES	common stock	002824100	3,384	86,077	SH		OTR	1	86,077	0	0
ABBVIE, INC.	common stock	00287Y109	3,578	57,793	SH		SOLE		57,793	0	0
ABBVIE, INC.	common stock	00287Y109	11,116	179,543	SH		OTR	1	179,543	0	0
ACCO BRANDS CORPORATION	common stock	00081T108	2	234	SH		SOLE		234	0	0
ACTUA CORPORATION	common stock	005094107	14	1,500	SH		SOLE		1,500	0	0
AEROJET ROCKETDYNE HOLDINGS, I	common stock	007800105	18	960	SH		SOLE		960	0	0
AES CORPORATION (THE)	common stock	00130H105	35	2,800	SH		SOLE		2,800	0	0
AETNA, INC.	common stock	00817Y108	9,468	77,527	SH		SOLE		77,527	0	0
AETNA, INC.	common stock	00817Y108	27,890	228,366	SH		OTR	1	228,366	0	0
AKORN, INC.	common stock	009728106	28	1,000	SH		SOLE		1,000	0	0
ALIBABA GROUP HOLDING-SP ADR	common stock	01609W102	334	4,202	SH		SOLE		4,202	0	0
ALIBABA GROUP HOLDING-SP ADR	common stock	01609W102	1,543	19,400	SH		OTR	1	19,400	0	0
ALLEGHANY CORPORATION	common stock	017175100	22	40	SH		SOLE		40	0	0
ALLERGAN PLC	common stock	G0177J108	1,623	7,025	SH		SOLE		7,025	0	0
ALLERGAN PLC	common stock	G0177J108	4,726	20,450	SH		OTR	1	20,450	0	0
ALLIANCE DATA SYSTEM CORPORATI	common stock	018581108	12	63	SH		SOLE		63	0	0
ALPHABET, INC. CLASS A	common stock	02079K305	2,386	3,391	SH		SOLE		3,391	0	0
ALPHABET, INC. CLASS A	common stock	02079K305	9,322	13,250	SH		OTR	1	13,250	0	0
ALPHABET, INC. CLASS C	common stock	02079K107	6,034	8,718	SH		SOLE		8,718	0	0
ALPHABET, INC. CLASS C	common stock	02079K107	15,227	22,001	SH		OTR	1	22,001	0	0
AMAZON.COM, INC.	common stock	023135106	54	75	SH		SOLE		75	0	0
AMC NETWORKS INC.	common stock	00164V103	322	5,325	SH		SOLE		5,325	0	0
AMERICAN EXPRESS CO.	common stock	025816109	4,586	75,483	SH		SOLE		75,483	0	0
AMERICAN EXPRESS CO.	common stock	025816109	17,969	295,739	SH		OTR	1	295,739	0	0
AMERICAN INTERNATIONAL GROUP,	common stock	026874784	1,973	37,305	SH		SOLE		37,305	0	0
AMERICAN INTERNATIONAL GROUP,	common stock	026874784	6,287	118,873	SH		OTR	1	118,873	0	0
AMERIPRISE FINANCIAL, INC.	common stock	03076C106	735	8,182	SH		SOLE		8,182	0	0
ANADARKO PETROLEUM CORP.	common stock	032511107	1,600	30,041	SH		SOLE		30,041	0	0
ANADARKO PETROLEUM CORP.	common stock	032511107	3,249	61,013	SH		OTR	1	61,013	0	0
ANIXTER INTERNATIONAL, INC.	common stock	035290105	5	100	SH		SOLE		100	0	0
AON CORPORATION	common stock	G0408V102	1,521	13,928	SH		SOLE		13,928	0	0
APACHE CORPORATION	common stock	037411105	1,416	25,434	SH		SOLE		25,434	0	0
APACHE CORPORATION	common stock	037411105	4,246	76,273	SH		OTR	1	76,273	0	0
APPLE, INC.	common stock	037833100	10,775	112,706	SH		SOLE		112,706	0	0
APPLE, INC.	common stock	037833100	35,969	376,249	SH		OTR	1	376,249	0	0
ASTORIA FINANCIAL CORP.	common stock	046265104	9	600	SH		SOLE		600	0	0
AT&T, INC.	common stock	00206R102	2,968	68,681	SH		SOLE		68,681	0	0
AT&T, INC.	common stock	00206R102	4,822	111,592	SH		OTR	1	111,592	0	0
AUTOMATIC DATA PROCESSING, INC	common stock	053015103	3,892	42,362	SH		SOLE		42,362	0	0
AUTOMATIC DATA PROCESSING, INC	common stock	053015103	13,184	143,508	SH		OTR	1	143,508	0	0
AVIS BUDGET GROUP, INC.	common stock	053774105	13	400	SH		SOLE		400	0	0
BANK OF AMERICA CORPORATION	common stock	060505104	3,197	240,951	SH		SOLE		240,951	0	0
BANK OF AMERICA CORPORATION	common stock	060505104	8,590	647,329	SH		OTR	1	647,329	0	0
BANK OF NEW YORK MELLON CORPOR	common stock	064058100	1,843	47,427	SH		SOLE		47,427	0	0
BANK OF NEW YORK MELLON CORPOR	common stock	064058100	3,182	81,900	SH		OTR	1	81,900	0	0
BARNES & NOBLE EDUCATION	common stock	06777U101	1	94	SH		SOLE		94	0	0
BARNES & NOBLE, INC.	common stock	067774109	2	150	SH		SOLE		150	0	0
BAXTER INTERNATIONAL, INC.	common stock	071813109	918	20,302	SH		SOLE		20,302	0	0
BAXTER INTERNATIONAL, INC.	common stock	071813109	1,730	38,250	SH		OTR	1	38,250	0	0
BERKSHIRE HATHAWAY, INC. CLASS	common stock	084670702	2,149	14,845	SH		SOLE		14,845	0	0
BERKSHIRE HATHAWAY, INC. CLASS	common stock	084670702	4,059	28,034	SH		OTR	1	28,034	0	0
BLACK HILLS CORPORATION	common stock	092113109	10	160	SH		SOLE		160	0	0
BOEING COMPANY	common stock	097023105	5,668	43,646	SH		SOLE		43,646	0	0
BOEING COMPANY	common stock	097023105	19,486	150,039	SH		OTR	1	150,039	0	0
BP PLC SPONSORED ADR	common stock	055622104	283	7,979	SH		SOLE		7,979	0	0
CATERPILLAR, INC.	common stock	149123101	2,747	36,231	SH		SOLE		36,231	0	0
CATERPILLAR, INC.	common stock	149123101	6,145	81,055	SH		OTR	1	81,055	0	0
CELADON GROUP, INC.	common stock	150838100	12	1,500	SH		SOLE		1,500	0	0
CELGENE CORPORATION	common stock	151020104	679	6,888	SH		SOLE		6,888	0	0
CELGENE CORPORATION	common stock	151020104	8,818	89,400	SH		OTR	1	89,400	0	0
CHARTER COMMUNICATIONS, INC.	common stock	16117M107	68	295	SH		SOLE		295	0	0
CHEMOURS COMPANY/THE	common stock	163851108	4	540	SH		SOLE		540	0	0
CHEVRON CORPORATION	common stock	166764100	1,732	16,520	SH		SOLE		16,520	0	0
CHUBB LTD	common stock	H1467J104	3,006	23,000	SH		SOLE		23,000	0	0
CHUBB LTD	common stock	H1467J104	10,145	77,612	SH		OTR	1	77,612	0	0
CITIGROUP, INC.	common stock	172967424	3,022	71,294	SH		SOLE		71,294	0	0
CITIGROUP, INC.	common stock	172967424	4,303	101,505	SH		OTR	1	101,505	0	0
CMS ENERGY CORPORATION	common stock	125896100	413	9,000	SH		SOLE		9,000	0	0
COCA-COLA COMPANY (THE)	common stock	191216100	3,268	72,095	SH		SOLE		72,095	0	0
COCA-COLA COMPANY (THE)	common stock	191216100	6,942	153,150	SH		OTR	1	153,150	0	0
COMCAST CORP CL A	common stock	20030N101	2,705	41,496	SH		SOLE		41,496	0	0
COMCAST CORP CL A	common stock	20030N101	9,698	148,763	SH		OTR	1	148,763	0	0
COMPUTER SCIENCES CORP.	common stock	205363104	10	200	SH		SOLE		200	0	0
COMSCORE, INC.	common stock	20564W105	14	575	SH		SOLE		575	0	0
CONOCOPHILLIPS	common stock	20825C104	1,659	38,059	SH		SOLE		38,059	0	0
CONOCOPHILLIPS	common stock	20825C104	4,343	99,606	SH		OTR	1	99,606	0	0
CORNING,INC.	common stock	219350105	573	28,000	SH		SOLE		28,000	0	0
CORNING,INC.	common stock	219350105	1,507	73,600	SH		OTR	1	73,600	0	0
COVANTA HOLDING CORPORATION	common stock	22282E102	199	12,086	SH		SOLE		12,086	0	0
COVANTA HOLDING CORPORATION	common stock	22282E102	2,971	180,600	SH		OTR	1	180,600	0	0
CRIMSON WINE GROUP, LTD.	common stock	22662X100	0	40	SH		SOLE		40	0	0
CSRA, INC.	common stock	12650T104	5	200	SH		SOLE		200	0	0
CSX CORPORATION	common stock	126408103	1,597	61,225	SH		SOLE		61,225	0	0
CSX CORPORATION	common stock	126408103	5,637	216,125	SH		OTR	1	216,125	0	0
CVS CAREMARK CORPORATION	common stock	126650100	9,693	101,247	SH		SOLE		101,247	0	0
CVS CAREMARK CORPORATION	common stock	126650100	15,442	161,291	SH		OTR	1	161,291	0	0
DEVON ENERGY CORP.	common stock	25179M103	1,267	34,945	SH		SOLE		34,945	0	0
DEVON ENERGY CORP.	common stock	25179M103	2,039	56,260	SH		OTR	1	56,260	0	0
DISCOVER FINANCIAL SERVICES, I	common stock	254709108	1,990	37,137	SH		SOLE		37,137	0	0
DISCOVER FINANCIAL SERVICES, I	common stock	254709108	5,324	99,344	SH		OTR	1	99,344	0	0
DOMINION RESOURCES, INC.	common stock	25746U109	1,206	15,481	SH		SOLE		15,481	0	0
DR. PEPPER SNAPPLE GROUP	common stock	26138E109	10	100	SH		SOLE		100	0	0
DTE ENERGY COMPANY	common stock	233331107	16	160	SH		SOLE		160	0	0
DUKE ENERGY CORP. NEW	common stock	26441C204	1,309	15,264	SH		SOLE		15,264	0	0
DUPONT(E.I.) DE NEMOURS & CO.	common stock	263534109	5,024	77,535	SH		SOLE		77,535	0	0
DUPONT(E.I.) DE NEMOURS & CO.	common stock	263534109	16,133	248,968	SH		OTR	1	248,968	0	0
EBAY, INC.	common stock	278642103	1,105	47,195	SH		SOLE		47,195	0	0
EBAY, INC.	common stock	278642103	4,110	175,556	SH		OTR	1	175,556	0	0
EOG RESOURCES, INC.	common stock	26875P101	1,327	15,913	SH		SOLE		15,913	0	0
EOG RESOURCES, INC.	common stock	26875P101	4,764	57,112	SH		OTR	1	57,112	0	0
FEDEX CORPORATION	common stock	31428X106	61	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	22	1,000	SH		SOLE		1,000	0	0
FRP Holdings, Inc.	common stock	30292L107	3	100	SH		SOLE		100	0	0
GENERAL ELECTRIC COMPANY	common stock	369604103	3,322	105,516	SH		SOLE		105,516	0	0
GENERAL ELECTRIC COMPANY	common stock	369604103	5,739	182,300	SH		OTR	1	182,300	0	0
GOLDMAN SACHS GROUP, INC.	common stock	38141G104	1,763	11,869	SH		SOLE		11,869	0	0
GOLDMAN SACHS GROUP, INC.	common stock	38141G104	5,055	34,024	SH		OTR	1	34,024	0	0
HARLEY DAVIDSON, INC.	common stock	412822108	29	650	SH		SOLE		650	0	0
HCP, INC.	common stock	40414L109	2,954	83,499	SH		SOLE		83,499	0	0
HCP, INC.	common stock	40414L109	7,357	207,941	SH		OTR	1	207,941	0	0
HESS CORPORATION	common stock	42809H107	2,018	33,575	SH		SOLE		33,575	0	0
HESS CORPORATION	common stock	42809H107	4,240	70,555	SH		OTR	1	70,555	0	0
HEXCEL CORPORATION	common stock	428291108	108	2,600	SH		SOLE		2,600	0	0
HOME DEPOT, INC.	common stock	437076102	2,633	20,624	SH		SOLE		20,624	0	0
HOME DEPOT, INC.	common stock	437076102	9,099	71,258	SH		OTR	1	71,258	0	0
HONEYWELL INTERNATIONAL, INC.	common stock	438516106	1,001	8,609	SH		SOLE		8,609	0	0
HONEYWELL INTERNATIONAL, INC.	common stock	438516106	7,149	61,460	SH		OTR	1	61,460	0	0
HORIZON PHARMA PLC	common stock	G4617B105	2	150	SH		SOLE		150	0	0
ICU MEDICAL, INC.	common stock	44930G107	11	100	SH		SOLE		100	0	0
INFINERA CORPORATION	common stock	45667G103	67	5,900	SH		SOLE		5,900	0	0
INFINERA CORPORATION	common stock	45667G103	494	43,800	SH		OTR	1	43,800	0	0
INGEVITY CORPORATION	common stock	45688C107	3	92	SH		SOLE		92	0	0
INTEL CORP.	common stock	458140100	1,608	49,010	SH		SOLE		49,010	0	0
INTEL CORP.	common stock	458140100	4,763	145,226	SH		OTR	1	145,226	0	0
INTERNATIONAL BUSINESS MACHINE	common stock	459200101	3,056	20,135	SH		SOLE		20,135	0	0
INTERNATIONAL BUSINESS MACHINE	common stock	459200101	9,086	59,864	SH		OTR	1	59,864	0	0
INTERVAL LEISURE GROUP, INC.	common stock	46113M108	188	11,848	SH		SOLE		11,848	0	0
INTERVAL LEISURE GROUP, INC.	common stock	46113M108	539	33,902	SH		OTR	1	33,902	0	0
JACOBS ENGINEERING GROUP, INC.	common stock	469814107	772	15,507	SH		SOLE		15,507	0	0
JACOBS ENGINEERING GROUP, INC.	common stock	469814107	2,639	52,982	SH		OTR	1	52,982	0	0
JOHNSON & JOHNSON	common stock	478160104	4,129	34,037	SH		SOLE		34,037	0	0
JOHNSON & JOHNSON	common stock	478160104	8,909	73,450	SH		OTR	1	73,450	0	0
JOHNSON CONTROLS, INC.	common stock	478366107	441	9,956	SH		SOLE		9,956	0	0
JOHNSON CONTROLS, INC.	common stock	478366107	1,731	39,105	SH		OTR	1	39,105	0	0
JPMORGAN CHASE & COMPANY	common stock	46625H100	2,800	45,059	SH		SOLE		45,059	0	0
JPMORGAN CHASE & COMPANY	common stock	46625H100	7,711	124,092	SH		OTR	1	124,092	0	0
KEMET CORPORATION	common stock	488360108	1	300	SH		SOLE		300	0	0
KROGER CO.	common stock	501044101	733	19,928	SH		SOLE		19,928	0	0
LEUCADIA NATIONAL CORPORATION	common stock	527288104	21	1,210	SH		SOLE		1,210	0	0
LIBERTY BRAVES GROUP SER. A	common stock	531229706	92	6,089	SH		SOLE		6,089	0	0
LIBERTY BRAVES GROUP SER. A	common stock	531229706	323	21,460	SH		OTR	1	21,460	0	0
LIBERTY BRAVES GROUP SER. C	common stock	531229888	194	13,252	SH		SOLE		13,252	0	0
LIBERTY BRAVES GROUP SER. C	common stock	531229888	833	56,851	SH		OTR	1	56,851	0	0
LIBERTY BROADBAND CORP. - A	common stock	530307107	846	14,246	SH		SOLE		14,246	0	0
LIBERTY BROADBAND CORP. - A	common stock	530307107	1,418	23,879	SH		OTR	1	23,879	0	0
LIBERTY BROADBAND CORP. - C	common stock	530307305	2,099	34,977	SH		SOLE		34,977	0	0
LIBERTY BROADBAND CORP. - C	common stock	530307305	7,374	122,898	SH		OTR	1	122,898	0	0
LIBERTY INTERACTIVE CORP Q-A	common stock	53071M104	2,283	89,993	SH		SOLE		89,993	0	0
LIBERTY INTERACTIVE CORP Q-A	common stock	53071M104	8,029	316,489	SH		OTR	1	316,489	0	0
LIBERTY MEDIA GROUP SER. A	common stock	531229870	292	15,235	SH		SOLE		15,235	0	0
LIBERTY MEDIA GROUP SER. A	common stock	531229870	1,027	53,649	SH		OTR	1	53,649	0	0
LIBERTY MEDIA GROUP SER. C	common stock	531229854	629	33,144	SH		SOLE		33,144	0	0
LIBERTY MEDIA GROUP SER. C	common stock	531229854	2,696	142,126	SH		OTR	1	142,126	0	0
LIBERTY SIRIUSXM GROUP SER. A	common stock	531229409	1,912	60,958	SH		SOLE		60,958	0	0
LIBERTY SIRIUSXM GROUP SER. A	common stock	531229409	6,730	214,597	SH		OTR	1	214,597	0	0
LIBERTY SIRIUSXM GROUP SER. C	common stock	531229607	4,275	138,491	SH		SOLE		138,491	0	0
LIBERTY SIRIUSXM GROUP SER. C	common stock	531229607	17,550	568,506	SH		OTR	1	568,506	0	0
LIBERTY TRIPADVISOR HOLDINGS I	common stock	531465102	244	11,141	SH		SOLE		11,141	0	0
LIBERTY TRIPADVISOR HOLDINGS I	common stock	531465102	902	41,215	SH		OTR	1	41,215	0	0
LIBERTY VENTURES - SER A	common stock	53071M880	910	24,539	SH		SOLE		24,539	0	0
LIBERTY VENTURES - SER A	common stock	53071M880	1,879	50,701	SH		OTR	1	50,701	0	0
LIVE NATION ENTERTAINMENT, INC	common stock	538034109	9	400	SH		SOLE		400	0	0
LOWE'S COMPANIES, INC.	common stock	548661107	4,038	51,010	SH		SOLE		51,010	0	0
LOWE'S COMPANIES, INC.	common stock	548661107	12,897	162,897	SH		OTR	1	162,897	0	0
MADISON SQUARE GARDEN COMPANY	common stock	55825T103	1,060	6,143	SH		SOLE		6,143	0	0
MADISON SQUARE GARDEN COMPANY	common stock	55825T103	9,823	56,943	SH		OTR	1	56,943	0	0
MALLINCKRODT PLC	common stock	G5785G107	893	14,698	SH		SOLE		14,698	0	0
MARATHON OIL CORPORATION	common stock	565849106	430	28,668	SH		SOLE		28,668	0	0
MARATHON OIL CORPORATION	common stock	565849106	854	56,914	SH		OTR	1	56,914	0	0
MARATHON PETROLEUM CORPORATION	common stock	56585A102	3,435	90,481	SH		SOLE		90,481	0	0
MARATHON PETROLEUM CORPORATION	common stock	56585A102	9,725	256,200	SH		OTR	1	256,200	0	0
MATTEL INC.	common stock	577081102	113	3,596	SH		SOLE		3,596	0	0
MCDONALD'S CORP.	common stock	580135101	957	7,956	SH		SOLE		7,956	0	0
MCDONALD'S CORP.	common stock	580135101	3,508	29,151	SH		OTR	1	29,151	0	0
MEDTRONIC INC.	common stock	G5960L103	5,079	58,531	SH		SOLE		58,531	0	0
MEDTRONIC INC.	common stock	G5960L103	17,232	198,590	SH		OTR	1	198,590	0	0
MERCK & CO. INC.	common stock	58933Y105	2,824	49,021	SH		SOLE		49,021	0	0
MERCK & CO. INC.	common stock	58933Y105	5,438	94,390	SH		OTR	1	94,390	0	0
METLIFE, INC.	common stock	59156R108	1,523	38,238	SH		SOLE		38,238	0	0
METLIFE, INC.	common stock	59156R108	4,997	125,463	SH		OTR	1	125,463	0	0
MICROSOFT CORPORATION	common stock	594918104	5,813	113,594	SH		SOLE		113,594	0	0
MICROSOFT CORPORATION	common stock	594918104	19,911	389,115	SH		OTR	1	389,115	0	0
MONDELEZ INTERNATIONAL, INC.	common stock	609207105	2,142	47,065	SH		SOLE		47,065	0	0
MONDELEZ INTERNATIONAL, INC.	common stock	609207105	2,280	50,100	SH		OTR	1	50,100	0	0
MONSANTO COMPANY	common stock	61166W101	3,334	32,238	SH		SOLE		32,238	0	0
MONSANTO COMPANY	common stock	61166W101	9,458	91,462	SH		OTR	1	91,462	0	0
MORGAN STANLEY	common stock	617446448	1,336	51,423	SH		SOLE		51,423	0	0
MORGAN STANLEY	common stock	617446448	3,164	121,790	SH		OTR	1	121,790	0	0
MSG NETWORKS INC CLASS A	common stock	553573106	278	18,144	SH		SOLE		18,144	0	0
MSG NETWORKS INC CLASS A	common stock	553573106	2,897	188,843	SH		OTR	1	188,843	0	0
NATIONAL FUEL GAS COMPANY	common stock	636180101	122	2,146	SH		SOLE		2,146	0	0
NEW YORK COMMUNITY BANCORP INC	common stock	649445103	13	900	SH		SOLE		900	0	0
NN, INC.	common stock	629337106	15	1,100	SH		SOLE		1,100	0	0
NORTHERN TRUST COMPANY	common stock	665859104	1,023	15,440	SH		SOLE		15,440	0	0
NORTHROP GRUMMAN CORP.	common stock	666807102	649	2,921	SH		SOLE		2,921	0	0
NORTHROP GRUMMAN CORP.	common stock	666807102	6,293	28,313	SH		OTR	1	28,313	0	0
ON ASSIGNMENT INC.	common stock	682159108	57	1,550	SH		SOLE		1,550	0	0
ONEOK, INC.	common stock	682680103	9	200	SH		SOLE		200	0	0
ORACLE CORPORATION	common stock	68389X105	3,237	79,085	SH		SOLE		79,085	0	0
ORACLE CORPORATION	common stock	68389X105	8,924	218,042	SH		OTR	1	218,042	0	0
ORBITAL ATK, INC.	common stock	68557N103	250	2,933	SH		SOLE		2,933	0	0
ORBITAL ATK, INC.	common stock	68557N103	2,886	33,900	SH		OTR	1	33,900	0	0
OUTERWALL INC.	common stock	690070107	373	8,876	SH		SOLE		8,876	0	0
OUTERWALL INC.	common stock	690070107	1,267	30,168	SH		OTR	1	30,168	0	0
PATRIOT TRANSPORTATION HOLDING	common stock	70338W105	1	33	SH		SOLE		33	0	0
PAYPAL HOLDINGS, INC.	common stock	70450Y103	3,701	101,379	SH		SOLE		101,379	0	0
PAYPAL HOLDINGS, INC.	common stock	70450Y103	11,392	312,016	SH		OTR	1	312,016	0	0
PEPSICO, INC.	common stock	713448108	6,741	63,633	SH		SOLE		63,633	0	0
PEPSICO, INC.	common stock	713448108	13,716	129,466	SH		OTR	1	129,466	0	0
PFIZER, INC.	common stock	717081103	2,390	67,876	SH		SOLE		67,876	0	0
PFIZER, INC.	common stock	717081103	4,603	130,744	SH		OTR	1	130,744	0	0
PHILIP MORRIS INTERNATIONAL, I	common stock	718172109	1,688	16,598	SH		SOLE		16,598	0	0
PHILIP MORRIS INTERNATIONAL, I	common stock	718172109	4,797	47,159	SH		OTR	1	47,159	0	0
PHILLIPS 66	common stock	718546104	1,210	15,255	SH		SOLE		15,255	0	0
PHILLIPS 66	common stock	718546104	2,216	27,928	SH		OTR	1	27,928	0	0
PROCTER & GAMBLE COMPANY	common stock	742718109	1,926	22,746	SH		SOLE		22,746	0	0
PROCTER & GAMBLE COMPANY	common stock	742718109	2,951	34,856	SH		OTR	1	34,856	0	0
PROSPECT CAPITAL CORP	common stock	74348T102	13	1,700	SH		SOLE		1,700	0	0
RAYTHEON COMPANY	common stock	755111507	5,684	41,807	SH		SOLE		41,807	0	0
RAYTHEON COMPANY	common stock	755111507	15,941	117,255	SH		OTR	1	117,255	0	0
ROCKWELL AUTOMATION, INC.	common stock	773903109	849	7,394	SH		SOLE		7,394	0	0
ROCKWELL AUTOMATION, INC.	common stock	773903109	6,837	59,547	SH		OTR	1	59,547	0	0
SCHLUMBERGER LIMITED	common stock	806857108	2,276	28,778	SH		SOLE		28,778	0	0
SCHLUMBERGER LIMITED	common stock	806857108	5,696	72,030	SH		OTR	1	72,030	0	0
SEVENTY SEVEN ENERGY INC	common stock	818097107	0	475	SH		SOLE		475	0	0
SOUTHWEST AIRLINES INC.	common stock	844741108	196	5,000	SH		SOLE		5,000	0	0
SPECTRA ENERGY CORPORATION	common stock	847560109	2,075	56,634	SH		SOLE		56,634	0	0
SPECTRA ENERGY CORPORATION	common stock	847560109	7,578	206,876	SH		OTR	1	206,876	0	0
ST. JOE COMPANY	common stock	790148100	135	7,600	SH		SOLE		7,600	0	0
STARBUCKS CORPORATION	common stock	855244109	725	12,698	SH		SOLE		12,698	0	0
STARWOOD HOTELS & RESORTS	common stock	85590A401	2,035	27,516	SH		SOLE		27,516	0	0
STARWOOD HOTELS & RESORTS	common stock	85590A401	5,818	78,671	SH		OTR	1	78,671	0	0
STARZ, LLC	common stock	85571Q102	1,337	44,676	SH		SOLE		44,676	0	0
STARZ, LLC	common stock	85571Q102	2,435	81,377	SH		OTR	1	81,377	0	0
STATE STREET CORP.	common stock	857477103	4,762	88,323	SH		SOLE		88,323	0	0
STATE STREET CORP.	common stock	857477103	10,959	203,239	SH		OTR	1	203,239	0	0
SYNCHRONY FINANCIAL	common stock	87165B103	189	7,487	SH		SOLE		7,487	0	0
TD AMERITRADE HOLDING CORPORAT	common stock	87236Y108	9	300	SH		SOLE		300	0	0
TE CONNECTIVITY LTD.	common stock	H84989104	1,346	23,577	SH		SOLE		23,577	0	0
TE CONNECTIVITY LTD.	common stock	H84989104	7,143	125,074	SH		OTR	1	125,074	0	0
TEVA PHARMACEUTICAL INDUSTRIES	common stock	881624209	1,369	27,249	SH		OTR	1	27,249	0	0
TEXAS INSTRUMENTS	common stock	882508104	275	4,387	SH		SOLE		4,387	0	0
TEXAS INSTRUMENTS	common stock	882508104	3,320	53,000	SH		OTR	1	53,000	0	0
TIME WARNER, INC.	common stock	887317303	4,234	57,570	SH		SOLE		57,570	0	0
TIME WARNER, INC.	common stock	887317303	11,167	151,845	SH		OTR	1	151,845	0	0
TRAVELCENTERS OF AMERICA	common stock	894174101	14	1,700	SH		SOLE		1,700	0	0
TRAVELERS COMPANIES, INC.	common stock	89417E109	6,770	56,873	SH		SOLE		56,873	0	0
TRAVELERS COMPANIES, INC.	common stock	89417E109	16,808	141,198	SH		OTR	1	141,198	0	0
TWENTY-FIRST CENTURY FOX, INC.	common stock	90130A101	1,983	73,322	SH		SOLE		73,322	0	0
TWENTY-FIRST CENTURY FOX, INC.	common stock	90130A101	5,119	189,230	SH		OTR	1	189,230	0	0
U.S. BANCORP	common stock	902973304	2,814	69,783	SH		SOLE		69,783	0	0
U.S. BANCORP	common stock	902973304	8,135	201,712	SH		OTR	1	201,712	0	0
UDR, INC.	common stock	902653104	2,926	79,264	SH		SOLE		79,264	0	0
UDR, INC.	common stock	902653104	10,567	286,224	SH		OTR	1	286,224	0	0
UNION PACIFIC CORPORATION	common stock	907818108	5,099	58,437	SH		SOLE		58,437	0	0
UNION PACIFIC CORPORATION	common stock	907818108	14,266	163,505	SH		OTR	1	163,505	0	0
UNITED TECHNOLOGIES CORPORATIO	common stock	913017109	1,169	11,395	SH		SOLE		11,395	0	0
UNITED TECHNOLOGIES CORPORATIO	common stock	913017109	5,124	49,970	SH		OTR	1	49,970	0	0
UNITEDHEALTH GROUP, INC.	common stock	91324P102	3,201	22,668	SH		SOLE		22,668	0	0
VALLEY NATIONAL BANCORP	common stock	919794107	9	1,000	SH		SOLE		1,000	0	0
VALSPAR CORP.	common stock	920355104	2,735	25,320	SH		SOLE		25,320	0	0
VERISIGN, INC.	common stock	92343E102	1,983	22,931	SH		SOLE		22,931	0	0
VERISIGN, INC.	common stock	92343E102	5,433	62,835	SH		OTR	1	62,835	0	0
VERIZON COMMUNICATIONS	common stock	92343V104	2,055	36,796	SH		SOLE		36,796	0	0
VERIZON COMMUNICATIONS	common stock	92343V104	3,060	54,806	SH		OTR	1	54,806	0	0
VODAFONE GROUP PLC NEW ADR	common stock	92857W308	6	204	SH		SOLE		204	0	0
W.R. BERKLEY CORPORATION	common stock	084423102	3,076	51,343	SH		SOLE		51,343	0	0
W.R. BERKLEY CORPORATION	common stock	084423102	4,561	76,123	SH		OTR	1	76,123	0	0
WADDELL & REED FINANCIAL, INC.	common stock	930059100	2	124	SH		SOLE		124	0	0
WAL-MART STORES, INC.	common stock	931142103	1,656	22,678	SH		SOLE		22,678	0	0
WAL-MART STORES, INC.	common stock	931142103	5,049	69,150	SH		OTR	1	69,150	0	0
WALGREENS BOOTS ALLIANCE, INC.	common stock	931427108	4,145	49,783	SH		SOLE		49,783	0	0
WALGREENS BOOTS ALLIANCE, INC.	common stock	931427108	12,313	147,865	SH		OTR	1	147,865	0	0
WALT DISNEY COMPANY	common stock	254687106	1,778	18,177	SH		SOLE		18,177	0	0
WALT DISNEY COMPANY	common stock	254687106	3,989	40,780	SH		OTR	1	40,780	0	0
WEBSTER FINANCIAL CORPORATION	common stock	947890109	7	200	SH		SOLE		200	0	0
WELLS FARGO & COMPANY	common stock	949746101	2,973	62,812	SH		SOLE		62,812	0	0
WELLS FARGO & COMPANY	common stock	949746101	8,535	180,330	SH		OTR	1	180,330	0	0
WERNER ENTERPRISES, INC.	common stock	950755108	11	480	SH		SOLE		480	0	0
WESTAR ENERGY, INC.	common stock	95709T100	224	4,000	SH		SOLE		4,000	0	0
WESTROCK COMPANY	common stock	96145D105	21	553	SH		SOLE		553	0	0
WEYERHAEUSER COMPANY	common stock	962166104	1,028	34,525	SH		SOLE		34,525	0	0
WEYERHAEUSER COMPANY	common stock	962166104	1,274	42,800	SH		OTR	1	42,800	0	0
WHITE MOUNTAINS INSURANCE GROU	common stock	G9618E107	168	200	SH		SOLE		200	0	0
WILLIAMS COMPANIES, INC.	common stock	969457100	201	9,294	SH		SOLE		9,294	0	0
WILLIAMS COMPANIES, INC.	common stock	969457100	2,132	98,546	SH		OTR	1	98,546	0	0
WYNDHAM WORLDWIDE CORPORATION	common stock	98310W108	378	5,300	SH		SOLE		5,300	0	0
YAHOO! INC.	common stock	984332106	166	4,429	SH		SOLE		4,429	0	0
YAHOO! INC.	common stock	984332106	1,690	45,000	SH		OTR	1	45,000	0	0
YUM! BRANDS, INC.	common stock	988498101	817	9,848	SH		SOLE		9,848	0	0
iSHARES RUSSELL MIDCAP INDEX	common stock	464287499	151	900	SH		SOLE		900	0	0
GDL FUND (THE) SER B PFD	preferred stock	361570302	5	100	SH		SOLE		100	0	0