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	584	3,273	SH		SOLE		3,273	0	0
3M COMPANY	common stock	88579Y101	2,014	11,276	SH		OTR	1	11,276	0	0
ABBOTT LABORATORIES	common stock	002824100	464	12,073	SH		SOLE		12,073	0	0
ABBOTT LABORATORIES	common stock	002824100	3,383	88,077	SH		OTR	1	88,077	0	0
ABBVIE, INC.	common stock	00287Y109	2,318	37,011	SH		SOLE		37,011	0	0
ABBVIE, INC.	common stock	00287Y109	11,243	179,543	SH		OTR	1	179,543	0	0
ACCO BRANDS CORPORATION	common stock	00081T108	3	234	SH		SOLE		234	0	0
ACTUA CORPORATION	common stock	005094107	21	1,500	SH		SOLE		1,500	0	0
ADVANSIX	common stock	00773T101	4	166	SH		SOLE		166	0	0
ADVANSIX	common stock	00773T101	54	2,458	SH		OTR	1	2,458	0	0
AEROJET ROCKETDYNE HOLDINGS, I	common stock	007800105	17	960	SH		SOLE		960	0	0
AES CORPORATION (THE)	common stock	00130H105	33	2,800	SH		SOLE		2,800	0	0
AETNA, INC.	common stock	00817Y108	5,927	47,797	SH		SOLE		47,797	0	0
AETNA, INC.	common stock	00817Y108	26,480	213,531	SH		OTR	1	213,531	0	0
AKORN, INC.	common stock	009728106	22	1,000	SH		SOLE		1,000	0	0
ALIBABA GROUP HOLDING-SP ADR	common stock	01609W102	73	837	SH		SOLE		837	0	0
ALIBABA GROUP HOLDING-SP ADR	common stock	01609W102	910	10,363	SH		OTR	1	10,363	0	0
ALLEGHANY CORPORATION	common stock	017175100	24	40	SH		SOLE		40	0	0
ALLERGAN PLC	common stock	G0177J108	1,409	6,707	SH		SOLE		6,707	0	0
ALLERGAN PLC	common stock	G0177J108	8,919	42,470	SH		OTR	1	42,470	0	0
ALLIANCE DATA SYSTEM CORPORATI	common stock	018581108	14	63	SH		SOLE		63	0	0
ALPHABET, INC. CLASS A	common stock	02079K305	1,413	1,783	SH		SOLE		1,783	0	0
ALPHABET, INC. CLASS A	common stock	02079K305	10,437	13,170	SH		OTR	1	13,170	0	0
ALPHABET, INC. CLASS C	common stock	02079K107	2,684	3,477	SH		SOLE		3,477	0	0
ALPHABET, INC. CLASS C	common stock	02079K107	17,158	22,231	SH		OTR	1	22,231	0	0
AMAZON.COM, INC.	common stock	023135106	56	75	SH		SOLE		75	0	0
AMC NETWORKS INC.	common stock	00164V103	279	5,325	SH		SOLE		5,325	0	0
AMERICAN EXPRESS CO.	common stock	025816109	3,297	44,506	SH		SOLE		44,506	0	0
AMERICAN EXPRESS CO.	common stock	025816109	19,619	264,839	SH		OTR	1	264,839	0	0
AMERICAN INTERNATIONAL GROUP,	common stock	026874784	2,804	42,929	SH		SOLE		42,929	0	0
AMERICAN INTERNATIONAL GROUP,	common stock	026874784	7,764	118,873	SH		OTR	1	118,873	0	0
ANADARKO PETROLEUM CORP.	common stock	032511107	834	11,966	SH		SOLE		11,966	0	0
ANADARKO PETROLEUM CORP.	common stock	032511107	4,220	60,513	SH		OTR	1	60,513	0	0
ANHEUSER-BUSCH INBEV SA/NV	common stock	03524A108	235	2,227	SH		SOLE		2,227	0	0
ANIXTER INTERNATIONAL, INC.	common stock	035290105	8	100	SH		SOLE		100	0	0
ANNALY CAPITAL MANAGEMENT, INC	common stock	035710409	4	400	SH		SOLE		400	0	0
AON CORPORATION	common stock	G0408V102	328	2,940	SH		SOLE		2,940	0	0
APACHE CORPORATION	common stock	037411105	782	12,316	SH		SOLE		12,316	0	0
APACHE CORPORATION	common stock	037411105	4,377	68,963	SH		OTR	1	68,963	0	0
APPLE, INC.	common stock	037833100	7,543	65,128	SH		SOLE		65,128	0	0
APPLE, INC.	common stock	037833100	42,999	371,254	SH		OTR	1	371,254	0	0
ASTORIA FINANCIAL CORP.	common stock	046265104	3	150	SH		SOLE		150	0	0
AT&T, INC.	common stock	00206R102	2,430	57,139	SH		SOLE		57,139	0	0
AT&T, INC.	common stock	00206R102	4,746	111,592	SH		OTR	1	111,592	0	0
AUTOMATIC DATA PROCESSING, INC	common stock	053015103	1,739	16,918	SH		SOLE		16,918	0	0
AUTOMATIC DATA PROCESSING, INC	common stock	053015103	12,233	119,018	SH		OTR	1	119,018	0	0
AVIS BUDGET GROUP, INC.	common stock	053774105	15	400	SH		SOLE		400	0	0
BANK OF AMERICA CORPORATION	common stock	060505104	4,625	209,266	SH		SOLE		209,266	0	0
BANK OF AMERICA CORPORATION	common stock	060505104	14,370	650,219	SH		OTR	1	650,219	0	0
BANK OF NEW YORK MELLON CORPOR	common stock	064058100	714	15,080	SH		SOLE		15,080	0	0
BANK OF NEW YORK MELLON CORPOR	common stock	064058100	3,852	81,300	SH		OTR	1	81,300	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	372	8,391	SH		SOLE		8,391	0	0
BAXTER INTERNATIONAL, INC.	common stock	071813109	1,696	38,250	SH		OTR	1	38,250	0	0
BERKSHIRE HATHAWAY, INC. CLASS	common stock	084670702	2,162	13,267	SH		SOLE		13,267	0	0
BERKSHIRE HATHAWAY, INC. CLASS	common stock	084670702	5,002	30,689	SH		OTR	1	30,689	0	0
BLACK HILLS CORPORATION	common stock	092113109	10	160	SH		SOLE		160	0	0
BOEING COMPANY	common stock	097023105	3,865	24,829	SH		SOLE		24,829	0	0
BOEING COMPANY	common stock	097023105	21,372	137,279	SH		OTR	1	137,279	0	0
BP PLC SPONSORED ADR	common stock	055622104	298	7,979	SH		SOLE		7,979	0	0
CARROLS RESTAURANT GROUP, INC.	common stock	14574X104	47	3,100	SH		SOLE		3,100	0	0
CATERPILLAR, INC.	common stock	149123101	1,172	12,635	SH		SOLE		12,635	0	0
CATERPILLAR, INC.	common stock	149123101	3,493	37,665	SH		OTR	1	37,665	0	0
CELGENE CORPORATION	common stock	151020104	794	6,863	SH		SOLE		6,863	0	0
CELGENE CORPORATION	common stock	151020104	10,313	89,100	SH		OTR	1	89,100	0	0
CHARTER COMMUNICATIONS, INC.	common stock	16117M107	85	295	SH		SOLE		295	0	0
CHEMOURS COMPANY/THE	common stock	163851108	12	540	SH		SOLE		540	0	0
CHEVRON CORPORATION	common stock	166764100	4	30	SH		SOLE		30	0	0
CHUBB LTD	common stock	H1467J104	1,409	10,662	SH		SOLE		10,662	0	0
CHUBB LTD	common stock	H1467J104	9,788	74,087	SH		OTR	1	74,087	0	0
CITIGROUP, INC.	common stock	172967424	1,638	27,566	SH		SOLE		27,566	0	0
CITIGROUP, INC.	common stock	172967424	6,032	101,505	SH		OTR	1	101,505	0	0
CMS ENERGY CORPORATION	common stock	125896100	375	9,000	SH		SOLE		9,000	0	0
COCA-COLA COMPANY (THE)	common stock	191216100	925	22,299	SH		SOLE		22,299	0	0
COCA-COLA COMPANY (THE)	common stock	191216100	5,491	132,435	SH		OTR	1	132,435	0	0
COMCAST CORP CL A	common stock	20030N101	3,027	43,843	SH		SOLE		43,843	0	0
COMCAST CORP CL A	common stock	20030N101	10,272	148,763	SH		OTR	1	148,763	0	0
COMMERCEHUB, INC. - SERIES A	common stock	20084V108	15	993	SH		SOLE		993	0	0
COMMERCEHUB, INC. - SERIES A	common stock	20084V108	76	5,070	SH		OTR	1	5,070	0	0
COMMERCEHUB, INC. - SERIES C	common stock	20084V306	30	1,987	SH		SOLE		1,987	0	0
COMMERCEHUB, INC. - SERIES C	common stock	20084V306	152	10,140	SH		OTR	1	10,140	0	0
COMPUTER SCIENCES CORP.	common stock	205363104	12	200	SH		SOLE		200	0	0
COMSCORE, INC.	common stock	20564W105	18	575	SH		SOLE		575	0	0
CONOCOPHILLIPS	common stock	20825C104	1,785	35,597	SH		SOLE		35,597	0	0
CONOCOPHILLIPS	common stock	20825C104	4,994	99,606	SH		OTR	1	99,606	0	0
CORNING,INC.	common stock	219350105	199	8,180	SH		SOLE		8,180	0	0
CORNING,INC.	common stock	219350105	1,760	72,500	SH		OTR	1	72,500	0	0
COVANTA HOLDING CORPORATION	common stock	22282E102	193	12,386	SH		SOLE		12,386	0	0
COVANTA HOLDING CORPORATION	common stock	22282E102	2,769	177,500	SH		OTR	1	177,500	0	0
CRIMSON WINE GROUP, LTD.	common stock	22662X100	0	40	SH		SOLE		40	0	0
CSRA, INC.	common stock	12650T104	6	200	SH		SOLE		200	0	0
CSX CORPORATION	common stock	126408103	2,481	69,046	SH		SOLE		69,046	0	0
CSX CORPORATION	common stock	126408103	6,988	194,495	SH		OTR	1	194,495	0	0
CVS CAREMARK CORPORATION	common stock	126650100	7,147	90,570	SH		SOLE		90,570	0	0
CVS CAREMARK CORPORATION	common stock	126650100	16,026	203,093	SH		OTR	1	203,093	0	0
DEVON ENERGY CORP.	common stock	25179M103	830	18,176	SH		SOLE		18,176	0	0
DEVON ENERGY CORP.	common stock	25179M103	2,193	48,010	SH		OTR	1	48,010	0	0
DISCOVER FINANCIAL SERVICES, I	common stock	254709108	864	11,981	SH		SOLE		11,981	0	0
DISCOVER FINANCIAL SERVICES, I	common stock	254709108	4,970	68,941	SH		OTR	1	68,941	0	0
DOMINION RESOURCES, INC.	common stock	25746U109	272	3,553	SH		SOLE		3,553	0	0
DR. PEPPER SNAPPLE GROUP	common stock	26138E109	9	100	SH		SOLE		100	0	0
DRIVE SHACK, INC.	common stock	262077100	19	5,000	SH		SOLE		5,000	0	0
DTE ENERGY COMPANY	common stock	233331107	16	160	SH		SOLE		160	0	0
DUKE ENERGY CORP. NEW	common stock	26441C204	355	4,576	SH		SOLE		4,576	0	0
DUPONT(E.I.) DE NEMOURS & CO.	common stock	263534109	2,609	35,545	SH		SOLE		35,545	0	0
DUPONT(E.I.) DE NEMOURS & CO.	common stock	263534109	17,335	236,168	SH		OTR	1	236,168	0	0
EBAY, INC.	common stock	278642103	471	15,849	SH		SOLE		15,849	0	0
EBAY, INC.	common stock	278642103	5,212	175,556	SH		OTR	1	175,556	0	0
EOG RESOURCES, INC.	common stock	26875P101	722	7,146	SH		SOLE		7,146	0	0
EOG RESOURCES, INC.	common stock	26875P101	5,753	56,909	SH		OTR	1	56,909	0	0
FEDEX CORPORATION	common stock	31428X106	74	400	SH		SOLE		400	0	0
FINISAR CORPORATION	common stock	31787A507	2	70	SH		SOLE		70	0	0
FOREST CITY ENTERPRISES A	common stock	345550107	21	1,000	SH		SOLE		1,000	0	0
FRP Holdings, Inc.	common stock	30292L107	4	100	SH		SOLE		100	0	0
GENERAL ELECTRIC COMPANY	common stock	369604103	1,412	44,698	SH		SOLE		44,698	0	0
GENERAL ELECTRIC COMPANY	common stock	369604103	5,713	180,800	SH		OTR	1	180,800	0	0
GOLDMAN SACHS GROUP, INC.	common stock	38141G104	2,504	10,458	SH		SOLE		10,458	0	0
GOLDMAN SACHS GROUP, INC.	common stock	38141G104	7,475	31,219	SH		OTR	1	31,219	0	0
HARLEY DAVIDSON, INC.	common stock	412822108	38	650	SH		SOLE		650	0	0
HCP, INC.	common stock	40414L109	1,385	46,609	SH		SOLE		46,609	0	0
HCP, INC.	common stock	40414L109	6,180	207,941	SH		OTR	1	207,941	0	0
HESS CORPORATION	common stock	42809H107	1,229	19,738	SH		SOLE		19,738	0	0
HESS CORPORATION	common stock	42809H107	3,578	57,435	SH		OTR	1	57,435	0	0
HEXCEL CORPORATION	common stock	428291108	129	2,500	SH		SOLE		2,500	0	0
HOME DEPOT, INC.	common stock	437076102	1,172	8,740	SH		SOLE		8,740	0	0
HOME DEPOT, INC.	common stock	437076102	9,439	70,400	SH		OTR	1	70,400	0	0
HONEYWELL INTERNATIONAL, INC.	common stock	438516106	939	8,105	SH		SOLE		8,105	0	0
HONEYWELL INTERNATIONAL, INC.	common stock	438516106	7,217	62,300	SH		OTR	1	62,300	0	0
HORIZON PHARMA PLC	common stock	G4617B105	2	150	SH		SOLE		150	0	0
HUMANA, INC.	common stock	444859102	184	900	SH		SOLE		900	0	0
ICU MEDICAL, INC.	common stock	44930G107	15	100	SH		SOLE		100	0	0
ILG, INC.	common stock	44967H101	79	4,372	SH		SOLE		4,372	0	0
ILG, INC.	common stock	44967H101	616	33,902	SH		OTR	1	33,902	0	0
INFINERA CORPORATION	common stock	45667G103	39	4,650	SH		SOLE		4,650	0	0
INFINERA CORPORATION	common stock	45667G103	199	23,400	SH		OTR	1	23,400	0	0
INGEVITY CORPORATION	common stock	45688C107	5	92	SH		SOLE		92	0	0
INTEL CORP.	common stock	458140100	777	21,419	SH		SOLE		21,419	0	0
INTEL CORP.	common stock	458140100	4,828	133,101	SH		OTR	1	133,101	0	0
INTERACTIVE BROKERS GROUP,INC.	common stock	45841N107	15	400	SH		SOLE		400	0	0
INTERNATIONAL BUSINESS MACHINE	common stock	459200101	2,511	15,126	SH		SOLE		15,126	0	0
INTERNATIONAL BUSINESS MACHINE	common stock	459200101	9,256	55,764	SH		OTR	1	55,764	0	0
JACOBS ENGINEERING GROUP, INC.	common stock	469814107	669	11,740	SH		SOLE		11,740	0	0
JACOBS ENGINEERING GROUP, INC.	common stock	469814107	2,986	52,382	SH		OTR	1	52,382	0	0
JOHNSON & JOHNSON	common stock	478160104	3,021	26,222	SH		SOLE		26,222	0	0
JOHNSON & JOHNSON	common stock	478160104	8,462	73,450	SH		OTR	1	73,450	0	0
JOHNSON CONTROLS INTERNATIONAL	common stock	G51502105	122	2,963	SH		SOLE		2,963	0	0
JOHNSON CONTROLS INTERNATIONAL	common stock	G51502105	1,400	33,984	SH		OTR	1	33,984	0	0
JPMORGAN CHASE & COMPANY	common stock	46625H100	3,382	39,192	SH		SOLE		39,192	0	0
JPMORGAN CHASE & COMPANY	common stock	46625H100	10,476	121,402	SH		OTR	1	121,402	0	0
KEMET CORPORATION	common stock	488360108	2	300	SH		SOLE		300	0	0
KROGER CO.	common stock	501044101	688	19,928	SH		SOLE		19,928	0	0
LEUCADIA NATIONAL CORPORATION	common stock	527288104	6	250	SH		SOLE		250	0	0
LIBERTY BRAVES GROUP SER. A	common stock	531229706	36	1,737	SH		SOLE		1,737	0	0
LIBERTY BRAVES GROUP SER. A	common stock	531229706	440	21,460	SH		OTR	1	21,460	0	0
LIBERTY BRAVES GROUP SER. C	common stock	531229888	91	4,435	SH		SOLE		4,435	0	0
LIBERTY BRAVES GROUP SER. C	common stock	531229888	1,171	56,851	SH		OTR	1	56,851	0	0
LIBERTY BROADBAND CORP. - A	common stock	530307107	460	6,346	SH		SOLE		6,346	0	0
LIBERTY BROADBAND CORP. - A	common stock	530307107	1,469	20,279	SH		OTR	1	20,279	0	0
LIBERTY BROADBAND CORP. - C	common stock	530307305	1,719	23,204	SH		SOLE		23,204	0	0
LIBERTY BROADBAND CORP. - C	common stock	530307305	9,103	122,898	SH		OTR	1	122,898	0	0
LIBERTY EXPEDIA HOLDINGS SER.	common stock	53046P109	173	4,369	SH		SOLE		4,369	0	0
LIBERTY EXPEDIA HOLDINGS SER.	common stock	53046P109	616	15,530	SH		OTR	1	15,530	0	0
LIBERTY GLOBAL PLC LILAC A	common stock	G5480U138	141	6,415	SH		SOLE		6,415	0	0
LIBERTY GLOBAL PLC LILAC A	common stock	G5480U138	1,712	77,949	SH		OTR	1	77,949	0	0
LIBERTY INTERACTIVE CORP Q-A	common stock	53071M104	933	46,707	SH		SOLE		46,707	0	0
LIBERTY INTERACTIVE CORP Q-A	common stock	53071M104	7,537	377,244	SH		OTR	1	377,244	0	0
LIBERTY MEDIA GROUP SER. A	common stock	531229870	213	6,795	SH		SOLE		6,795	0	0
LIBERTY MEDIA GROUP SER. A	common stock	531229870	1,515	48,339	SH		OTR	1	48,339	0	0
LIBERTY MEDIA GROUP SER. C	common stock	531229854	519	16,579	SH		SOLE		16,579	0	0
LIBERTY MEDIA GROUP SER. C	common stock	531229854	4,453	142,126	SH		OTR	1	142,126	0	0
LIBERTY SIRIUSXM GROUP SER. A	common stock	531229409	953	27,602	SH		SOLE		27,602	0	0
LIBERTY SIRIUSXM GROUP SER. A	common stock	531229409	7,304	211,597	SH		OTR	1	211,597	0	0
LIBERTY SIRIUSXM GROUP SER. C	common stock	531229607	3,249	95,786	SH		SOLE		95,786	0	0
LIBERTY SIRIUSXM GROUP SER. C	common stock	531229607	19,284	568,506	SH		OTR	1	568,506	0	0
LIBERTY TRIPADVISOR HOLDINGS I	common stock	531465102	68	4,493	SH		SOLE		4,493	0	0
LIBERTY TRIPADVISOR HOLDINGS I	common stock	531465102	688	45,715	SH		OTR	1	45,715	0	0
LIBERTY VENTURES SER. A	common stock	53071M856	242	6,552	SH		SOLE		6,552	0	0
LIBERTY VENTURES SER. A	common stock	53071M856	1,122	30,420	SH		OTR	1	30,420	0	0
LIONS GATE ENTERTAINMENT-B	common stock	535919500	290	11,815	SH		SOLE		11,815	0	0
LIONS GATE ENTERTAINMENT-B	common stock	535919500	1,355	55,206	SH		OTR	1	55,206	0	0
LIVE NATION ENTERTAINMENT, INC	common stock	538034109	11	400	SH		SOLE		400	0	0
LOWE'S COMPANIES, INC.	common stock	548661107	1,780	25,034	SH		SOLE		25,034	0	0
LOWE'S COMPANIES, INC.	common stock	548661107	12,279	172,652	SH		OTR	1	172,652	0	0
MADISON SQUARE GARDEN COMPANY	common stock	55825T103	1,054	6,143	SH		SOLE		6,143	0	0
MADISON SQUARE GARDEN COMPANY	common stock	55825T103	9,766	56,943	SH		OTR	1	56,943	0	0
MALLINCKRODT PLC	common stock	G5785G107	169	3,393	SH		SOLE		3,393	0	0
MARATHON OIL CORPORATION	common stock	565849106	283	16,327	SH		SOLE		16,327	0	0
MARATHON OIL CORPORATION	common stock	565849106	943	54,479	SH		OTR	1	54,479	0	0
MARATHON PETROLEUM CORPORATION	common stock	56585A102	2,510	49,846	SH		SOLE		49,846	0	0
MARATHON PETROLEUM CORPORATION	common stock	56585A102	13,437	266,865	SH		OTR	1	266,865	0	0
MARRIOTT INTERNATIONAL,INC. CL	common stock	571903202	926	11,198	SH		SOLE		11,198	0	0
MARRIOTT INTERNATIONAL,INC. CL	common stock	571903202	4,837	58,500	SH		OTR	1	58,500	0	0
MATTEL INC.	common stock	577081102	99	3,596	SH		SOLE		3,596	0	0
MCDONALD'S CORP.	common stock	580135101	1,502	12,337	SH		SOLE		12,337	0	0
MCDONALD'S CORP.	common stock	580135101	3,548	29,151	SH		OTR	1	29,151	0	0
MEDTRONIC INC.	common stock	G5960L103	1,866	26,201	SH		SOLE		26,201	0	0
MEDTRONIC INC.	common stock	G5960L103	14,146	198,590	SH		OTR	1	198,590	0	0
MERCK & CO. INC.	common stock	58933Y105	1,236	20,989	SH		SOLE		20,989	0	0
MERCK & CO. INC.	common stock	58933Y105	5,501	93,440	SH		OTR	1	93,440	0	0
METLIFE, INC.	common stock	59156R108	777	14,418	SH		SOLE		14,418	0	0
METLIFE, INC.	common stock	59156R108	6,527	121,116	SH		OTR	1	121,116	0	0
MICROSOFT CORPORATION	common stock	594918104	4,746	76,378	SH		SOLE		76,378	0	0
MICROSOFT CORPORATION	common stock	594918104	24,180	389,115	SH		OTR	1	389,115	0	0
MONDELEZ INTERNATIONAL, INC.	common stock	609207105	870	19,621	SH		SOLE		19,621	0	0
MONDELEZ INTERNATIONAL, INC.	common stock	609207105	3,072	69,300	SH		OTR	1	69,300	0	0
MONSANTO COMPANY	common stock	61166W101	1,795	17,064	SH		SOLE		17,064	0	0
MONSANTO COMPANY	common stock	61166W101	9,628	91,512	SH		OTR	1	91,512	0	0
MORGAN STANLEY	common stock	617446448	2,045	48,395	SH		SOLE		48,395	0	0
MORGAN STANLEY	common stock	617446448	5,146	121,790	SH		OTR	1	121,790	0	0
MSG NETWORKS INC CLASS A	common stock	553573106	390	18,144	SH		SOLE		18,144	0	0
MSG NETWORKS INC CLASS A	common stock	553573106	4,060	188,843	SH		OTR	1	188,843	0	0
NATIONAL FUEL GAS COMPANY	common stock	636180101	6	110	SH		SOLE		110	0	0
NEW YORK COMMUNITY BANCORP INC	common stock	649445103	14	900	SH		SOLE		900	0	0
NN, INC.	common stock	629337106	21	1,100	SH		SOLE		1,100	0	0
NORTHERN TRUST COMPANY	common stock	665859104	1,375	15,440	SH		SOLE		15,440	0	0
NORTHROP GRUMMAN CORP.	common stock	666807102	48	205	SH		SOLE		205	0	0
NORTHROP GRUMMAN CORP.	common stock	666807102	6,585	28,313	SH		OTR	1	28,313	0	0
ON ASSIGNMENT INC.	common stock	682159108	68	1,550	SH		SOLE		1,550	0	0
ONEOK, INC.	common stock	682680103	11	200	SH		SOLE		200	0	0
ORACLE CORPORATION	common stock	68389X105	2,338	60,806	SH		SOLE		60,806	0	0
ORACLE CORPORATION	common stock	68389X105	8,965	233,162	SH		OTR	1	233,162	0	0
ORBITAL ATK, INC.	common stock	68557N103	234	2,665	SH		SOLE		2,665	0	0
ORBITAL ATK, INC.	common stock	68557N103	2,360	26,900	SH		OTR	1	26,900	0	0
PATRIOT TRANSPORTATION HOLDING	common stock	70338W105	1	33	SH		SOLE		33	0	0
PAYPAL HOLDINGS, INC.	common stock	70450Y103	1,853	46,947	SH		SOLE		46,947	0	0
PAYPAL HOLDINGS, INC.	common stock	70450Y103	12,002	304,081	SH		OTR	1	304,081	0	0
PEPSICO, INC.	common stock	713448108	5,278	50,448	SH		SOLE		50,448	0	0
PEPSICO, INC.	common stock	713448108	13,578	129,776	SH		OTR	1	129,776	0	0
PFIZER, INC.	common stock	717081103	2,218	68,275	SH		SOLE		68,275	0	0
PFIZER, INC.	common stock	717081103	4,389	135,114	SH		OTR	1	135,114	0	0
PHILIP MORRIS INTERNATIONAL, I	common stock	718172109	1,489	16,277	SH		SOLE		16,277	0	0
PHILIP MORRIS INTERNATIONAL, I	common stock	718172109	4,315	47,159	SH		OTR	1	47,159	0	0
PHILLIPS 66	common stock	718546104	1,654	19,145	SH		SOLE		19,145	0	0
PHILLIPS 66	common stock	718546104	4,008	46,378	SH		OTR	1	46,378	0	0
PROCTER & GAMBLE COMPANY	common stock	742718109	1,480	17,607	SH		SOLE		17,607	0	0
PROCTER & GAMBLE COMPANY	common stock	742718109	2,847	33,856	SH		OTR	1	33,856	0	0
PROSPECT CAPITAL CORP	common stock	74348T102	10	1,200	SH		SOLE		1,200	0	0
QUALITY CARE PROPERTIES, INC.	common stock	747545101	113	7,269	SH		SOLE		7,269	0	0
QUALITY CARE PROPERTIES, INC.	common stock	747545101	333	21,473	SH		OTR	1	21,473	0	0
RAYTHEON COMPANY	common stock	755111507	2,840	20,001	SH		SOLE		20,001	0	0
RAYTHEON COMPANY	common stock	755111507	16,591	116,835	SH		OTR	1	116,835	0	0
ROCKWELL AUTOMATION, INC.	common stock	773903109	985	7,331	SH		SOLE		7,331	0	0
ROCKWELL AUTOMATION, INC.	common stock	773903109	7,809	58,100	SH		OTR	1	58,100	0	0
SCHLUMBERGER LIMITED	common stock	806857108	1,080	12,865	SH		SOLE		12,865	0	0
SCHLUMBERGER LIMITED	common stock	806857108	6,090	72,545	SH		OTR	1	72,545	0	0
SEVENTY SEVEN ENERGY INC	common stock	818097107	52	475	SH		SOLE		475	0	0
SOUTHWEST AIRLINES INC.	common stock	844741108	274	5,500	SH		SOLE		5,500	0	0
SPECTRA ENERGY CORPORATION	common stock	847560109	1,106	26,916	SH		SOLE		26,916	0	0
SPECTRA ENERGY CORPORATION	common stock	847560109	8,250	200,782	SH		OTR	1	200,782	0	0
SS&C TECHNOLOGIES HLDGS,INC.	common stock	78467J100	40	1,400	SH		SOLE		1,400	0	0
ST. JOE COMPANY	common stock	790148100	144	7,600	SH		SOLE		7,600	0	0
STARBUCKS CORPORATION	common stock	855244109	295	5,320	SH		SOLE		5,320	0	0
STATE STREET CORP.	common stock	857477103	4,032	51,880	SH		SOLE		51,880	0	0
STATE STREET CORP.	common stock	857477103	14,989	192,855	SH		OTR	1	192,855	0	0
SYNCHRONY FINANCIAL	common stock	87165B103	56	1,537	SH		SOLE		1,537	0	0
TD AMERITRADE HOLDING CORPORAT	common stock	87236Y108	13	300	SH		SOLE		300	0	0
TE CONNECTIVITY LTD.	common stock	H84989104	992	14,315	SH		SOLE		14,315	0	0
TE CONNECTIVITY LTD.	common stock	H84989104	8,197	118,324	SH		OTR	1	118,324	0	0
TEVA PHARMACEUTICAL INDUSTRIES	common stock	881624209	988	27,249	SH		OTR	1	27,249	0	0
TEXAS INSTRUMENTS	common stock	882508104	238	3,263	SH		SOLE		3,263	0	0
TEXAS INSTRUMENTS	common stock	882508104	3,515	48,175	SH		OTR	1	48,175	0	0
TIME WARNER, INC.	common stock	887317303	4,482	46,428	SH		SOLE		46,428	0	0
TIME WARNER, INC.	common stock	887317303	14,956	154,940	SH		OTR	1	154,940	0	0
TRAVELCENTERS OF AMERICA	common stock	894174101	12	1,700	SH		SOLE		1,700	0	0
TRAVELERS COMPANIES, INC.	common stock	89417E109	4,269	34,871	SH		SOLE		34,871	0	0
TRAVELERS COMPANIES, INC.	common stock	89417E109	16,857	137,698	SH		OTR	1	137,698	0	0
TWENTY-FIRST CENTURY FOX, INC.	common stock	90130A101	3,502	124,906	SH		SOLE		124,906	0	0
TWENTY-FIRST CENTURY FOX, INC.	common stock	90130A101	10,655	380,000	SH		OTR	1	380,000	0	0
U.S. BANCORP	common stock	902973304	2,628	51,149	SH		SOLE		51,149	0	0
U.S. BANCORP	common stock	902973304	8,656	168,512	SH		OTR	1	168,512	0	0
UDR, INC.	common stock	902653104	2,890	79,228	SH		SOLE		79,228	0	0
UDR, INC.	common stock	902653104	10,411	285,400	SH		OTR	1	285,400	0	0
UNION PACIFIC CORPORATION	common stock	907818108	3,124	30,130	SH		SOLE		30,130	0	0
UNION PACIFIC CORPORATION	common stock	907818108	16,185	156,105	SH		OTR	1	156,105	0	0
UNITED TECHNOLOGIES CORPORATIO	common stock	913017109	1,871	17,066	SH		SOLE		17,066	0	0
UNITED TECHNOLOGIES CORPORATIO	common stock	913017109	5,478	49,970	SH		OTR	1	49,970	0	0
UNITEDHEALTH GROUP, INC.	common stock	91324P102	785	4,907	SH		SOLE		4,907	0	0
VALLEY NATIONAL BANCORP	common stock	919794107	12	1,000	SH		SOLE		1,000	0	0
VALSPAR CORP.	common stock	920355104	2,520	24,320	SH		SOLE		24,320	0	0
VERISIGN, INC.	common stock	92343E102	644	8,460	SH		SOLE		8,460	0	0
VERISIGN, INC.	common stock	92343E102	4,670	61,385	SH		OTR	1	61,385	0	0
VERIZON COMMUNICATIONS	common stock	92343V104	481	9,020	SH		SOLE		9,020	0	0
VERIZON COMMUNICATIONS	common stock	92343V104	2,979	55,806	SH		OTR	1	55,806	0	0
VISA INC.	common stock	92826C839	630	8,079	SH		SOLE		8,079	0	0
VISA INC.	common stock	92826C839	4,575	58,635	SH		OTR	1	58,635	0	0
VODAFONE GROUP PLC NEW ADR	common stock	92857W308	5	204	SH		SOLE		204	0	0
W.R. BERKLEY CORPORATION	common stock	084423102	3,415	51,343	SH		SOLE		51,343	0	0
W.R. BERKLEY CORPORATION	common stock	084423102	4,511	67,823	SH		OTR	1	67,823	0	0
WAL-MART STORES, INC.	common stock	931142103	351	5,079	SH		SOLE		5,079	0	0
WAL-MART STORES, INC.	common stock	931142103	4,031	58,320	SH		OTR	1	58,320	0	0
WALGREENS BOOTS ALLIANCE, INC.	common stock	931427108	3,212	38,806	SH		SOLE		38,806	0	0
WALGREENS BOOTS ALLIANCE, INC.	common stock	931427108	12,683	153,255	SH		OTR	1	153,255	0	0
WALT DISNEY COMPANY	common stock	254687106	1,856	17,806	SH		SOLE		17,806	0	0
WALT DISNEY COMPANY	common stock	254687106	7,191	69,000	SH		OTR	1	69,000	0	0
WEBSTER FINANCIAL CORPORATION	common stock	947890109	5	100	SH		SOLE		100	0	0
WELLS FARGO & COMPANY	common stock	949746101	2,714	49,252	SH		SOLE		49,252	0	0
WELLS FARGO & COMPANY	common stock	949746101	11,880	215,565	SH		OTR	1	215,565	0	0
WERNER ENTERPRISES, INC.	common stock	950755108	13	480	SH		SOLE		480	0	0
WESTAR ENERGY, INC.	common stock	95709T100	225	4,000	SH		SOLE		4,000	0	0
WESTROCK COMPANY	common stock	96145D105	28	553	SH		SOLE		553	0	0
WEYERHAEUSER COMPANY	common stock	962166104	287	9,551	SH		SOLE		9,551	0	0
WEYERHAEUSER COMPANY	common stock	962166104	1,288	42,800	SH		OTR	1	42,800	0	0
WHITE MOUNTAINS INSURANCE GROU	common stock	G9618E107	167	200	SH		SOLE		200	0	0
WILLIAMS COMPANIES, INC.	common stock	969457100	286	9,194	SH		SOLE		9,194	0	0
WILLIAMS COMPANIES, INC.	common stock	969457100	3,069	98,546	SH		OTR	1	98,546	0	0
WYNDHAM WORLDWIDE CORPORATION	common stock	98310W108	405	5,300	SH		SOLE		5,300	0	0
YAHOO! INC.	common stock	984332106	84	2,181	SH		SOLE		2,181	0	0
YUM! BRANDS, INC.	common stock	988498101	133	2,099	SH		SOLE		2,099	0	0
YUM! CHINA HOLDINGS, INC.	common stock	98850P109	55	2,099	SH		SOLE		2,099	0	0
iSHARES RUSSELL MIDCAP INDEX	common stock	464287499	161	900	SH		SOLE		900	0	0
iSHARES US PREFERRED STOCK ETF	common stock	464288687	15	400	SH		SOLE		400	0	0
ALLERGAN, PLC PFD SER. A	preferred stock	G0177J116	156	205	SH		SOLE		205	0	0
ALLERGAN, PLC PFD SER. A	preferred stock	G0177J116	1,540	2,020	SH		OTR	1	2,020	0	0
GDL FUND (THE) SER B PFD	preferred stock	361570302	5	100	SH		SOLE		100	0	0