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
ABBOTT LABORATORIES	common stock	002824100	622	10,379	SH		SOLE		10,379	0	0
ABBOTT LABORATORIES	common stock	002824100	3,975	66,332	SH		OTR	1	66,332	0	0
ABBVIE, INC.	common stock	00287Y109	2,518	26,603	SH		SOLE		26,603	0	0
ABBVIE, INC.	common stock	00287Y109	9,250	97,728	SH		OTR	1	97,728	0	0
ACCO BRANDS CORPORATION	common stock	00081T108	3	234	SH		SOLE		234	0	0
ACTUA CORPORATION	common stock	005094107	2	1,500	SH		SOLE		1,500	0	0
AEROJET ROCKETDYNE HOLDINGS, I	common stock	007800105	22	775	SH		SOLE		775	0	0
AES CORPORATION (THE)	common stock	00130H105	32	2,800	SH		SOLE		2,800	0	0
AETNA, INC.	common stock	00817Y108	6,195	36,657	SH		SOLE		36,657	0	0
AETNA, INC.	common stock	00817Y108	26,217	155,128	SH		OTR	1	155,128	0	0
AIR LEASE CORP.	common stock	00912X302	9	200	SH		SOLE		200	0	0
AKORN, INC.	common stock	009728106	9	500	SH		SOLE		500	0	0
ALIBABA GROUP HOLDING-SP ADR	common stock	01609W102	152	830	SH		SOLE		830	0	0
ALIBABA GROUP HOLDING-SP ADR	common stock	01609W102	1,729	9,419	SH		OTR	1	9,419	0	0
ALKERMES PLC	common stock	G01767105	3	50	SH		SOLE		50	0	0
ALLEGHANY CORPORATION	common stock	017175100	25	40	SH		SOLE		40	0	0
ALLERGAN PLC	common stock	G0177J108	2,949	17,523	SH		SOLE		17,523	0	0
ALLERGAN PLC	common stock	G0177J108	10,470	62,216	SH		OTR	1	62,216	0	0
ALLIANCE DATA SYSTEM CORPORATI	common stock	018581108	13	63	SH		SOLE		63	0	0
ALPHABET, INC. CLASS A	common stock	02079K305	1,307	1,260	SH		SOLE		1,260	0	0
ALPHABET, INC. CLASS A	common stock	02079K305	10,760	10,375	SH		OTR	1	10,375	0	0
ALPHABET, INC. CLASS C	common stock	02079K107	4,137	4,010	SH		SOLE		4,010	0	0
ALPHABET, INC. CLASS C	common stock	02079K107	21,263	20,608	SH		OTR	1	20,608	0	0
ALTABA, INC.	common stock	021346101	161	2,181	SH		SOLE		2,181	0	0
AMERCO	common stock	023586100	9	25	SH		SOLE		25	0	0
AMERICAN EXPRESS CO.	common stock	025816109	2,871	30,779	SH		SOLE		30,779	0	0
AMERICAN EXPRESS CO.	common stock	025816109	14,112	151,285	SH		OTR	1	151,285	0	0
AMERICAN INTERNATIONAL GROUP,	common stock	026874784	3,730	68,548	SH		SOLE		68,548	0	0
AMERICAN INTERNATIONAL GROUP,	common stock	026874784	8,287	152,282	SH		OTR	1	152,282	0	0
ANADARKO PETROLEUM CORP.	common stock	032511107	479	7,925	SH		SOLE		7,925	0	0
ANADARKO PETROLEUM CORP.	common stock	032511107	2,426	40,157	SH		OTR	1	40,157	0	0
ANIXTER INTERNATIONAL, INC.	common stock	035290105	8	100	SH		SOLE		100	0	0
ANNALY CAPITAL MANAGEMENT, INC	common stock	035710409	13	1,200	SH		SOLE		1,200	0	0
AON CORPORATION	common stock	G0408V102	268	1,909	SH		SOLE		1,909	0	0
APACHE CORPORATION	common stock	037411105	188	4,878	SH		SOLE		4,878	0	0
APPLE, INC.	common stock	037833100	9,706	57,848	SH		SOLE		57,848	0	0
APPLE, INC.	common stock	037833100	49,818	296,926	SH		OTR	1	296,926	0	0
AT&T, INC.	common stock	00206R102	2,035	57,077	SH		SOLE		57,077	0	0
AT&T, INC.	common stock	00206R102	3,927	110,154	SH		OTR	1	110,154	0	0
AUTOMATIC DATA PROCESSING, INC	common stock	053015103	725	6,385	SH		SOLE		6,385	0	0
AUTOMATIC DATA PROCESSING, INC	common stock	053015103	6,622	58,351	SH		OTR	1	58,351	0	0
BANK OF AMERICA CORPORATION	common stock	060505104	5,710	190,412	SH		SOLE		190,412	0	0
BANK OF AMERICA CORPORATION	common stock	060505104	18,008	600,462	SH		OTR	1	600,462	0	0
BANK OF NEW YORK MELLON CORPOR	common stock	064058100	591	11,476	SH		SOLE		11,476	0	0
BANK OF NEW YORK MELLON CORPOR	common stock	064058100	3,686	71,529	SH		OTR	1	71,529	0	0
BARNES & NOBLE EDUCATION	common stock	06777U101	1	94	SH		SOLE		94	0	0
BAXTER INTERNATIONAL, INC.	common stock	071813109	409	6,286	SH		SOLE		6,286	0	0
BAXTER INTERNATIONAL, INC.	common stock	071813109	1,244	19,126	SH		OTR	1	19,126	0	0
BERKSHIRE HATHAWAY, INC. CLASS	common stock	084670702	3,402	17,053	SH		SOLE		17,053	0	0
BERKSHIRE HATHAWAY, INC. CLASS	common stock	084670702	5,653	28,340	SH		OTR	1	28,340	0	0
BLACK HILLS CORPORATION	common stock	092113109	9	160	SH		SOLE		160	0	0
BLACKROCK, INC.	common stock	09247X101	840	1,550	SH		SOLE		1,550	0	0
BOEING CO. (THE)	common stock	097023105	6,491	19,797	SH		SOLE		19,797	0	0
BOEING CO. (THE)	common stock	097023105	30,080	91,740	SH		OTR	1	91,740	0	0
BP PLC SPONSORED ADR	common stock	055622104	43	1,058	SH		SOLE		1,058	0	0
BRIGHTHOUSE FINANCIAL, INC.	common stock	10922N103	42	811	SH		SOLE		811	0	0
CARROLS RESTAURANT GROUP, INC.	common stock	14574X104	95	8,507	SH		SOLE		8,507	0	0
CATERPILLAR, INC.	common stock	149123101	321	2,180	SH		SOLE		2,180	0	0
CATERPILLAR, INC.	common stock	149123101	3,375	22,901	SH		OTR	1	22,901	0	0
CBS CORP. - CLS B	common stock	124857202	100	1,950	SH		SOLE		1,950	0	0
CELGENE CORPORATION	common stock	151020104	670	7,506	SH		SOLE		7,506	0	0
CELGENE CORPORATION	common stock	151020104	5,614	62,930	SH		OTR	1	62,930	0	0
CENTURYLINK, INC.	common stock	156700106	1	75	SH		SOLE		75	0	0
CHUBB LTD	common stock	H1467J104	1,039	7,599	SH		SOLE		7,599	0	0
CHUBB LTD	common stock	H1467J104	6,181	45,191	SH		OTR	1	45,191	0	0
CITIGROUP, INC.	common stock	172967424	1,356	20,091	SH		SOLE		20,091	0	0
CITIGROUP, INC.	common stock	172967424	6,327	93,735	SH		OTR	1	93,735	0	0
COCA-COLA COMPANY (THE)	common stock	191216100	40	929	SH		SOLE		929	0	0
COMCAST CORP CL A	common stock	20030N101	3,573	104,556	SH		SOLE		104,556	0	0
COMCAST CORP CL A	common stock	20030N101	9,580	280,356	SH		OTR	1	280,356	0	0
COMMERCEHUB, INC. - SERIES A	common stock	20084V108	1	34	SH		SOLE		34	0	0
COMMERCEHUB, INC. - SERIES C	common stock	20084V306	2	69	SH		SOLE		69	0	0
COMSCORE, INC.	common stock	20564W105	50	2,075	SH		SOLE		2,075	0	0
CONOCOPHILLIPS	common stock	20825C104	1,156	19,497	SH		SOLE		19,497	0	0
CONOCOPHILLIPS	common stock	20825C104	3,348	56,469	SH		OTR	1	56,469	0	0
CRIMSON WINE GROUP, LTD.	common stock	22662X100	0	40	SH		SOLE		40	0	0
CSRA, INC.	common stock	12650T104	8	200	SH		SOLE		200	0	0
CSX CORPORATION	common stock	126408103	2,580	46,308	SH		SOLE		46,308	0	0
CSX CORPORATION	common stock	126408103	7,146	128,273	SH		OTR	1	128,273	0	0
CTRIP.COM INTERNATIONAL, LTD.	common stock	22943F100	288	6,180	SH		SOLE		6,180	0	0
CTRIP.COM INTERNATIONAL, LTD.	common stock	22943F100	1,494	32,036	SH		OTR	1	32,036	0	0
CVS CAREMARK CORPORATION	common stock	126650100	2,414	38,804	SH		SOLE		38,804	0	0
CVS CAREMARK CORPORATION	common stock	126650100	11,247	180,787	SH		OTR	1	180,787	0	0
DEVON ENERGY CORP.	common stock	25179M103	34	1,074	SH		SOLE		1,074	0	0
DISCOVER FINANCIAL SERVICES, I	common stock	254709108	693	9,640	SH		SOLE		9,640	0	0
DISCOVER FINANCIAL SERVICES, I	common stock	254709108	3,174	44,130	SH		OTR	1	44,130	0	0
DISCOVERY COMMUNICATIONS, INC.	common stock	25470F104	5	251	SH		SOLE		251	0	0
DISCOVERY COMMUNICATIONS, INC.	common stock	25470F302	15	753	SH		SOLE		753	0	0
DOMINION ENERGY,INC.	common stock	25746U109	40	600	SH		SOLE		600	0	0
DOWDUPONT, INC.	common stock	26078J100	2,087	32,756	SH		SOLE		32,756	0	0
DOWDUPONT, INC.	common stock	26078J100	14,680	230,412	SH		OTR	1	230,412	0	0
DR. PEPPER SNAPPLE GROUP	common stock	26138E109	12	100	SH		SOLE		100	0	0
DRIVE SHACK, INC.	common stock	262077100	30	6,300	SH		SOLE		6,300	0	0
DTE ENERGY COMPANY	common stock	233331107	17	160	SH		SOLE		160	0	0
DXC TECHNOLOGY COMPANY	common stock	23355L106	20	200	SH		SOLE		200	0	0
EBAY, INC.	common stock	278642103	562	13,968	SH		SOLE		13,968	0	0
EBAY, INC.	common stock	278642103	5,890	146,379	SH		OTR	1	146,379	0	0
ENBRIDGE, INC.	common stock	29250N105	744	23,643	SH		SOLE		23,643	0	0
ENBRIDGE, INC.	common stock	29250N105	5,192	164,972	SH		OTR	1	164,972	0	0
EOG RESOURCES, INC.	common stock	26875P101	589	5,595	SH		SOLE		5,595	0	0
EOG RESOURCES, INC.	common stock	26875P101	3,344	31,769	SH		OTR	1	31,769	0	0
EXPEDIA, INC.	common stock	30212P303	277	2,513	SH		SOLE		2,513	0	0
FINISAR CORPORATION	common stock	31787A507	1	70	SH		SOLE		70	0	0
FOREST CITY ENTERPRISES A	common stock	345550107	20	1,000	SH		SOLE		1,000	0	0
FRP Holdings, Inc.	common stock	30292L107	6	100	SH		SOLE		100	0	0
GCI LIBERTY INC., CLS. A	common stock	36164V305	299	5,658	SH		SOLE		5,658	0	0
GCI LIBERTY INC., CLS. A	common stock	36164V305	1,485	28,095	SH		OTR	1	28,095	0	0
GENERAL ELECTRIC COMPANY	common stock	369604103	197	14,585	SH		SOLE		14,585	0	0
GOLDMAN SACHS GROUP, INC.	common stock	38141G104	2,324	9,228	SH		SOLE		9,228	0	0
GOLDMAN SACHS GROUP, INC.	common stock	38141G104	6,892	27,366	SH		OTR	1	27,366	0	0
HARLEY DAVIDSON, INC.	common stock	412822108	28	650	SH		SOLE		650	0	0
HCP, INC.	common stock	40414L109	615	26,456	SH		SOLE		26,456	0	0
HCP, INC.	common stock	40414L109	4,159	179,037	SH		OTR	1	179,037	0	0
HESS CORPORATION	common stock	42809H107	248	4,895	SH		SOLE		4,895	0	0
HESS CORPORATION	common stock	42809H107	2,685	53,045	SH		OTR	1	53,045	0	0
HEXCEL CORPORATION	common stock	428291108	161	2,500	SH		SOLE		2,500	0	0
HOME DEPOT, INC.	common stock	437076102	1,346	7,554	SH		SOLE		7,554	0	0
HOME DEPOT, INC.	common stock	437076102	9,336	52,377	SH		OTR	1	52,377	0	0
HONEYWELL INTERNATIONAL, INC.	common stock	438516106	1,084	7,501	SH		SOLE		7,501	0	0
HONEYWELL INTERNATIONAL, INC.	common stock	438516106	7,876	54,500	SH		OTR	1	54,500	0	0
HOSTESS BRANDS, INC.	common stock	44109J106	28	1,900	SH		SOLE		1,900	0	0
ICU MEDICAL, INC.	common stock	44930G107	25	100	SH		SOLE		100	0	0
ILG, INC.	common stock	44967H101	10	322	SH		SOLE		322	0	0
INGEVITY CORPORATION	common stock	45688C107	7	92	SH		SOLE		92	0	0
INTEL CORP.	common stock	458140100	149	2,865	SH		SOLE		2,865	0	0
INTEL CORP.	common stock	458140100	2,450	47,040	SH		OTR	1	47,040	0	0
INTERACTIVE BROKERS GROUP,INC.	common stock	45841N107	101	1,500	SH		SOLE		1,500	0	0
INTERNATIONAL BUSINESS MACHINE	common stock	459200101	2,034	13,254	SH		SOLE		13,254	0	0
INTERNATIONAL BUSINESS MACHINE	common stock	459200101	6,082	39,639	SH		OTR	1	39,639	0	0
JACOBS ENGINEERING GRP, INC.	common stock	469814107	203	3,436	SH		SOLE		3,436	0	0
JACOBS ENGINEERING GRP, INC.	common stock	469814107	2,627	44,406	SH		OTR	1	44,406	0	0
JOHNSON & JOHNSON	common stock	478160104	803	6,265	SH		SOLE		6,265	0	0
JOHNSON & JOHNSON	common stock	478160104	6,965	54,350	SH		OTR	1	54,350	0	0
JOHNSON CONTROLS INTERNATIONAL	common stock	G51502105	23	640	SH		SOLE		640	0	0
JPMORGAN CHASE & COMPANY	common stock	46625H100	4,381	39,835	SH		SOLE		39,835	0	0
JPMORGAN CHASE & COMPANY	common stock	46625H100	12,046	109,538	SH		OTR	1	109,538	0	0
KROGER CO.	common stock	501044101	110	4,584	SH		SOLE		4,584	0	0
LEUCADIA NATIONAL CORPORATION	common stock	527288104	5	200	SH		SOLE		200	0	0
LIBERTY BRAVES GROUP SER. A	common stock	531229706	3	128	SH		SOLE		128	0	0
LIBERTY BRAVES GROUP SER. C	common stock	531229888	25	1,105	SH		SOLE		1,105	0	0
LIBERTY BROADBAND CORP. - A	common stock	530307107	356	4,202	SH		SOLE		4,202	0	0
LIBERTY BROADBAND CORP. - A	common stock	530307107	1,518	17,897	SH		OTR	1	17,897	0	0
LIBERTY BROADBAND CORP. - C	common stock	530307305	2,103	24,538	SH		SOLE		24,538	0	0
LIBERTY BROADBAND CORP. - C	common stock	530307305	9,377	109,434	SH		OTR	1	109,434	0	0
LIBERTY EXPEDIA HOLDINGS SER.	common stock	53046P109	94	2,403	SH		SOLE		2,403	0	0
LIBERTY EXPEDIA HOLDINGS SER.	common stock	53046P109	308	7,841	SH		OTR	1	7,841	0	0
LIBERTY FORMULA ONE - A	common stock	531229870	103	3,528	SH		SOLE		3,528	0	0
LIBERTY FORMULA ONE - C	common stock	531229854	367	11,902	SH		SOLE		11,902	0	0
LIBERTY FORMULA ONE - C	common stock	531229854	2,772	89,845	SH		OTR	1	89,845	0	0
LIBERTY GLOBAL PLC LILAC C	common stock	G5480U153	3	144	SH		SOLE		144	0	0
LIBERTY GLOBAL, INC. CLASS A	common stock	530555101	9	274	SH		SOLE		274	0	0
LIBERTY GLOBAL, INC. CLASS C	common stock	530555309	25	830	SH		SOLE		830	0	0
LIBERTY INTERACTIVE CORP Q-A	common stock	53071M104	970	38,543	SH		SOLE		38,543	0	0
LIBERTY INTERACTIVE CORP Q-A	common stock	53071M104	6,297	250,173	SH		OTR	1	250,173	0	0
LIBERTY LATIN AMERICA CL A	common stock	G9001E102	124	6,398	SH		SOLE		6,398	0	0
LIBERTY LATIN AMERICA CL A	common stock	G9001E102	1,360	69,928	SH		OTR	1	69,928	0	0
LIBERTY SIRIUSXM GROUP SER. A	common stock	531229409	809	19,675	SH		SOLE		19,675	0	0
LIBERTY SIRIUSXM GROUP SER. A	common stock	531229409	7,598	184,860	SH		OTR	1	184,860	0	0
LIBERTY SIRIUSXM GROUP SER. C	common stock	531229607	3,743	91,617	SH		SOLE		91,617	0	0
LIBERTY SIRIUSXM GROUP SER. C	common stock	531229607	16,972	415,475	SH		OTR	1	415,475	0	0
LIBERTY TRIPADVISOR HOLDINGS I	common stock	531465102	2	168	SH		SOLE		168	0	0
LIONS GATE ENTERTAINMENT-B	common stock	535919500	248	10,283	SH		SOLE		10,283	0	0
LIONS GATE ENTERTAINMENT-B	common stock	535919500	1,228	50,978	SH		OTR	1	50,978	0	0
LIVE NATION ENTERTAINMENT, INC	common stock	538034109	17	400	SH		SOLE		400	0	0
LOWE'S COMPANIES, INC.	common stock	548661107	1,444	16,460	SH		SOLE		16,460	0	0
LOWE'S COMPANIES, INC.	common stock	548661107	10,522	119,912	SH		OTR	1	119,912	0	0
MADISON SQUARE GARDEN COMPANY	common stock	55825T103	1,052	4,278	SH		SOLE		4,278	0	0
MADISON SQUARE GARDEN COMPANY	common stock	55825T103	10,920	44,428	SH		OTR	1	44,428	0	0
MALLINCKRODT PLC	common stock	G5785G107	29	2,036	SH		SOLE		2,036	0	0
MARATHON PETROLEUM CORPORATION	common stock	56585A102	1,671	22,858	SH		SOLE		22,858	0	0
MARATHON PETROLEUM CORPORATION	common stock	56585A102	12,249	167,545	SH		OTR	1	167,545	0	0
MARRIOTT INTERNATIONAL,INC. CL	common stock	571903202	544	3,997	SH		SOLE		3,997	0	0
MARRIOTT INTERNATIONAL,INC. CL	common stock	571903202	4,198	30,874	SH		OTR	1	30,874	0	0
MATTEL INC.	common stock	577081102	26	1,996	SH		SOLE		1,996	0	0
MCDONALD'S CORP.	common stock	580135101	1,818	11,627	SH		SOLE		11,627	0	0
MCDONALD'S CORP.	common stock	580135101	4,109	26,274	SH		OTR	1	26,274	0	0
MEDTRONIC INC.	common stock	G5960L103	1,744	21,743	SH		SOLE		21,743	0	0
MEDTRONIC INC.	common stock	G5960L103	14,069	175,381	SH		OTR	1	175,381	0	0
MERCK & CO. INC.	common stock	58933Y105	1,028	18,872	SH		SOLE		18,872	0	0
MERCK & CO. INC.	common stock	58933Y105	4,315	79,215	SH		OTR	1	79,215	0	0
METLIFE, INC.	common stock	59156R108	650	14,154	SH		SOLE		14,154	0	0
METLIFE, INC.	common stock	59156R108	4,892	106,611	SH		OTR	1	106,611	0	0
MICROSOFT CORPORATION	common stock	594918104	5,930	64,973	SH		SOLE		64,973	0	0
MICROSOFT CORPORATION	common stock	594918104	26,353	288,741	SH		OTR	1	288,741	0	0
MONDELEZ INTERNATIONAL, INC.	common stock	609207105	732	17,544	SH		SOLE		17,544	0	0
MONDELEZ INTERNATIONAL, INC.	common stock	609207105	2,597	62,234	SH		OTR	1	62,234	0	0
MONSANTO COMPANY	common stock	61166W101	765	6,558	SH		SOLE		6,558	0	0
MORGAN STANLEY	common stock	617446448	2,323	43,057	SH		SOLE		43,057	0	0
MORGAN STANLEY	common stock	617446448	6,572	121,790	SH		OTR	1	121,790	0	0
MSG NETWORKS INC CLASS A	common stock	553573106	172	7,621	SH		SOLE		7,621	0	0
MSG NETWORKS INC CLASS A	common stock	553573106	2,266	100,259	SH		OTR	1	100,259	0	0
NATIONAL FUEL GAS COMPANY	common stock	636180101	8	150	SH		SOLE		150	0	0
NEW YORK COMMUNITY BANCORP INC	common stock	649445103	5	400	SH		SOLE		400	0	0
NN, INC.	common stock	629337106	24	1,000	SH		SOLE		1,000	0	0
NORTHROP GRUMMAN CORP.	common stock	666807102	68	195	SH		SOLE		195	0	0
NORTHROP GRUMMAN CORP.	common stock	666807102	5,062	14,500	SH		OTR	1	14,500	0	0
ON ASSIGNMENT INC.	common stock	00191U102	86	1,050	SH		SOLE		1,050	0	0
ONEOK, INC.	common stock	682680103	14	250	SH		SOLE		250	0	0
ORACLE CORPORATION	common stock	68389X105	2,461	53,786	SH		SOLE		53,786	0	0
ORACLE CORPORATION	common stock	68389X105	8,876	194,015	SH		OTR	1	194,015	0	0
ORBITAL ATK, INC.	common stock	68557N103	250	1,885	SH		SOLE		1,885	0	0
PATRIOT TRANSPORTATION HOLDING	common stock	70338W105	1	33	SH		SOLE		33	0	0
PAYPAL HOLDINGS, INC.	common stock	70450Y103	2,444	32,208	SH		SOLE		32,208	0	0
PAYPAL HOLDINGS, INC.	common stock	70450Y103	17,906	236,007	SH		OTR	1	236,007	0	0
PEPSICO, INC.	common stock	713448108	2,694	24,680	SH		SOLE		24,680	0	0
PEPSICO, INC.	common stock	713448108	12,148	111,296	SH		OTR	1	111,296	0	0
PFIZER, INC.	common stock	717081103	2,056	57,945	SH		SOLE		57,945	0	0
PFIZER, INC.	common stock	717081103	4,463	125,766	SH		OTR	1	125,766	0	0
PHILIP MORRIS INTERNATIONAL, I	common stock	718172109	1,177	11,846	SH		SOLE		11,846	0	0
PHILIP MORRIS INTERNATIONAL, I	common stock	718172109	3,545	35,660	SH		OTR	1	35,660	0	0
PHILLIPS 66	common stock	718546104	1,888	19,684	SH		SOLE		19,684	0	0
PHILLIPS 66	common stock	718546104	5,010	52,230	SH		OTR	1	52,230	0	0
PROCTER & GAMBLE COMPANY	common stock	742718109	1,263	15,937	SH		SOLE		15,937	0	0
PROCTER & GAMBLE COMPANY	common stock	742718109	2,684	33,856	SH		OTR	1	33,856	0	0
PROSPECT CAPITAL CORP	common stock	74348T102	3	400	SH		SOLE		400	0	0
QUALITY CARE PROPERTIES, INC.	common stock	747545101	2	80	SH		SOLE		80	0	0
RAYTHEON COMPANY	common stock	755111507	2,788	12,917	SH		SOLE		12,917	0	0
RAYTHEON COMPANY	common stock	755111507	21,183	98,153	SH		OTR	1	98,153	0	0
ROCKWELL AUTOMATION, INC.	common stock	773903109	668	3,836	SH		SOLE		3,836	0	0
ROCKWELL AUTOMATION, INC.	common stock	773903109	6,249	35,873	SH		OTR	1	35,873	0	0
SABRE CORPORATION	common stock	78573M104	971	45,274	SH		SOLE		45,274	0	0
SABRE CORPORATION	common stock	78573M104	3,915	182,503	SH		OTR	1	182,503	0	0
SCHLUMBERGER LIMITED	common stock	806857108	884	13,641	SH		SOLE		13,641	0	0
SCHLUMBERGER LIMITED	common stock	806857108	4,262	65,792	SH		OTR	1	65,792	0	0
SS&C TECHNOLOGIES HLDGS,INC.	common stock	78467J100	67	1,250	SH		SOLE		1,250	0	0
STARBUCKS CORPORATION	common stock	855244109	206	3,554	SH		SOLE		3,554	0	0
STATE STREET CORP.	common stock	857477103	1,454	14,583	SH		SOLE		14,583	0	0
STATE STREET CORP.	common stock	857477103	13,337	133,736	SH		OTR	1	133,736	0	0
STERLING BANCORP	common stock	85917A100	3	131	SH		SOLE		131	0	0
TD AMERITRADE HOLDING CORPORAT	common stock	87236Y108	18	300	SH		SOLE		300	0	0
TE CONNECTIVITY LTD.	common stock	H84989104	1,224	12,249	SH		SOLE		12,249	0	0
TE CONNECTIVITY LTD.	common stock	H84989104	6,901	69,077	SH		OTR	1	69,077	0	0
TENCENT HOLDINGS LTD. - UNS AD	common stock	88032Q109	178	3,340	SH		SOLE		3,340	0	0
TENCENT HOLDINGS LTD. - UNS AD	common stock	88032Q109	1,303	24,460	SH		OTR	1	24,460	0	0
TEXAS INSTRUMENTS, INC.	common stock	882508104	205	1,970	SH		SOLE		1,970	0	0
TEXAS INSTRUMENTS, INC.	common stock	882508104	2,183	21,015	SH		OTR	1	21,015	0	0
TIME WARNER, INC.	common stock	887317303	3,640	38,481	SH		SOLE		38,481	0	0
TIME WARNER, INC.	common stock	887317303	10,426	110,239	SH		OTR	1	110,239	0	0
TRAVELCENTERS OF AMERICA	common stock	894174101	6	1,700	SH		SOLE		1,700	0	0
TRAVELERS COMPANIES, INC.	common stock	89417E109	1,972	14,204	SH		SOLE		14,204	0	0
TRAVELERS COMPANIES, INC.	common stock	89417E109	14,012	100,907	SH		OTR	1	100,907	0	0
TWENTY-FIRST CENTURY FOX, INC.	common stock	90130A101	4,808	131,050	SH		SOLE		131,050	0	0
TWENTY-FIRST CENTURY FOX, INC.	common stock	90130A101	13,652	372,084	SH		OTR	1	372,084	0	0
U.S. BANCORP	common stock	902973304	2,339	46,310	SH		SOLE		46,310	0	0
U.S. BANCORP	common stock	902973304	6,071	120,214	SH		OTR	1	120,214	0	0
UDR, INC.	common stock	902653104	776	21,791	SH		SOLE		21,791	0	0
UDR, INC.	common stock	902653104	7,489	210,241	SH		OTR	1	210,241	0	0
UNION PACIFIC CORPORATION	common stock	907818108	2,390	17,777	SH		SOLE		17,777	0	0
UNION PACIFIC CORPORATION	common stock	907818108	16,767	124,726	SH		OTR	1	124,726	0	0
UNITED TECHNOLOGIES CORPORATIO	common stock	913017109	2,015	16,017	SH		SOLE		16,017	0	0
UNITED TECHNOLOGIES CORPORATIO	common stock	913017109	6,287	49,970	SH		OTR	1	49,970	0	0
UNITEDHEALTH GROUP, INC.	common stock	91324P102	633	2,958	SH		SOLE		2,958	0	0
UNIVERSAL DISPLAY CORP.	common stock	91347P105	4	35	SH		SOLE		35	0	0
VAIL RESORTS, INC.	common stock	91879Q109	9	40	SH		SOLE		40	0	0
VALLEY NATIONAL BANCORP	common stock	919794107	25	2,000	SH		SOLE		2,000	0	0
VERISIGN, INC.	common stock	92343E102	467	3,935	SH		SOLE		3,935	0	0
VERISIGN, INC.	common stock	92343E102	2,404	20,276	SH		OTR	1	20,276	0	0
VERIZON COMMUNICATIONS	common stock	92343V104	241	5,050	SH		SOLE		5,050	0	0
VISA INC.	common stock	92826C839	961	8,037	SH		SOLE		8,037	0	0
VISA INC.	common stock	92826C839	5,819	48,647	SH		OTR	1	48,647	0	0
VODAFONE GROUP PLC NEW ADR	common stock	92857W308	3	118	SH		SOLE		118	0	0
W.R. BERKLEY CORPORATION	common stock	084423102	600	8,251	SH		SOLE		8,251	0	0
W.R. BERKLEY CORPORATION	common stock	084423102	4,302	59,180	SH		OTR	1	59,180	0	0
WALGREENS BOOTS ALLIANCE, INC.	common stock	931427108	1,913	29,223	SH		SOLE		29,223	0	0
WALGREENS BOOTS ALLIANCE, INC.	common stock	931427108	8,364	127,753	SH		OTR	1	127,753	0	0
WALT DISNEY COMPANY	common stock	254687106	2,068	20,585	SH		SOLE		20,585	0	0
WALT DISNEY COMPANY	common stock	254687106	6,261	62,335	SH		OTR	1	62,335	0	0
WELLS FARGO & COMPANY	common stock	949746101	2,193	41,841	SH		SOLE		41,841	0	0
WELLS FARGO & COMPANY	common stock	949746101	8,315	158,649	SH		OTR	1	158,649	0	0
WERNER ENTERPRISES, INC.	common stock	950755108	18	480	SH		SOLE		480	0	0
WESTROCK COMPANY	common stock	96145D105	35	553	SH		SOLE		553	0	0
WEYERHAEUSER COMPANY	common stock	962166104	75	2,157	SH		SOLE		2,157	0	0
WHITE MOUNTAINS INSURANCE GROU	common stock	G9618E107	156	190	SH		SOLE		190	0	0
WILLIAMS COMPANIES, INC.	common stock	969457100	264	10,607	SH		SOLE		10,607	0	0
WILLIAMS COMPANIES, INC.	common stock	969457100	2,146	86,341	SH		OTR	1	86,341	0	0
WYNN RESORTS LTD.	common stock	983134107	64	350	SH		SOLE		350	0	0
YUM! BRANDS, INC.	common stock	988498101	19	218	SH		SOLE		218	0	0
iSHARES RUSSELL 3000 INDEX	common stock	464287689	94	600	SH		SOLE		600	0	0
iSHARES RUSSELL MIDCAP INDEX	common stock	464287499	186	900	SH		SOLE		900	0	0
iSHARES US PREFERRED STOCK ETF	common stock	464288687	15	400	SH		SOLE		400	0	0
GDL FUND (THE) SER B PFD	preferred stock	361570302	5	100	SH		SOLE		100	0	0