Hollencrest Capital Management 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
1/100 BERKSHIRE HTWY CLA 100 S	COM	084990175	2,473	900	SH		SOLE		900	0	0
1/100000TH SPECTRUM GRP FRACTI	COM	jeh63m206	0	48,467	SH		OTR		0	0	48,467
3M COMPANY	COM	88579y101	133	634	SH		SOLE		634	0	0
3M COMPANY	COM	88579y101	136	650	SH		OTR		0	0	650
ABBOTT LABORATORIES	COM	002824100	71	1,325	SH		SOLE		1,325	0	0
ABBOTT LABORATORIES	COM	002824100	320	6,002	SH		OTR		0	0	6,002
ABBVIE INC	COM	00287y109	550	6,191	SH		SOLE		6,191	0	0
ABBVIE INC	COM	00287y109	85	959	SH		OTR		0	0	959
ACADIA PHARMACEUTL	COM	004225108	264	7,000	SH		SOLE		7,000	0	0
ACADIA PHARMACEUTL	COM	004225108	37	985	SH		OTR		0	0	985
AIA GROUP LTD ORDF	COM	y002a1105	131	17,800	SH		SOLE		17,800	0	0
ALACER GOLD CORP F	COM	010679108	102	58,000	SH		SOLE		58,000	0	0
ALACER GOLD CORP F	COM	010679108	513	293,410	SH		OTR		0	0	293,410
ALCOA CORP	COM	013872106	207	4,444	SH		OTR		0	0	4,444
ALPHABET INC. CLASS A	COM	02079k305	591	607	SH		SOLE		607	0	0
ALPHABET INC. CLASS A	COM	02079k305	310	318	SH		OTR		0	0	318
ALPHABET INC. CLASS C	COM	02079k107	1,151	1,200	SH		SOLE		1,200	0	0
ALPHABET INC. CLASS C	COM	02079k107	270	281	SH		OTR		0	0	281
ALTRIA GROUP INC	COM	02209s103	608	9,594	SH		SOLE		9,594	0	0
ALTRIA GROUP INC	COM	02209s103	858	13,536	SH		OTR		0	0	13,536
AMAZON COM INC	COM	023135106	1,351	1,405	SH		SOLE		1,395	0	10
AMAZON COM INC	COM	023135106	6,819	7,093	SH		OTR		0	0	7,093
AMERICAN INTL GROUP	COM	026874784	257	4,183	SH		SOLE		4,183	0	0
AMERICAN INTL GROUP	COM	026874784	0	1	SH		OTR		0	0	1
AMGEN INCORPORATED	COM	031162100	621	3,332	SH		SOLE		3,332	0	0
AMGEN INCORPORATED	COM	031162100	111	595	SH		OTR		0	0	595
ANTHEM INC	COM	036752103	278	1,463	SH		OTR		0	0	1,463
APOLLO INVESTMENT CORP	COM	03761u106	300	49,100	SH		SOLE		49,100	0	0
APPLE INC	COM	037833100	2,694	17,478	SH		SOLE		17,183	0	295
APPLE INC	COM	037833100	1,495	9,703	SH		OTR		0	0	9,703
ARCONIC INC	COM	03965l100	0	1	SH		SOLE		1	0	0
ARCONIC INC	COM	03965l100	332	13,333	SH		OTR		0	0	13,333
ARRAY BIOPHARMA INC	COM	04269x105	1,740	141,470	SH		OTR		0	0	141,470
ARTPRICE.COM ORDF	COM	f0405c108	565	28,000	SH		OTR		0	0	28,000
ATOMERA INC COM	COM	04965B100	1,798	462,138	SH		SOLE		0	0	154,046
ATOMERA INC COM	COM	04965B100	1,049	269,623	SH		OTR		0	0	269,623
AUTOZONE INC	COM	053332102	4	7	SH		SOLE		5	0	2
AUTOZONE INC	COM	053332102	734	1,234	SH		OTR		0	0	1,234
BANK OF AMERICA CORP	COM	060505104	2,827	111,567	SH		SOLE		110,087	0	1,480
BANK OF AMERICA CORP	COM	060505104	939	37,060	SH		OTR		0	0	37,060
BANK OF CHINA LTD ORDF	COM	y0698a107	16	32,200	SH		SOLE		32,200	0	0
BARRICK GOLD CORP F	COM	067901108	1,054	65,515	SH		OTR		0	0	65,515
BEAR STATE FINANCIAL	COM	073844102	104	10,176	SH		OTR		0	0	10,176
BERKSHIRE HATHAWAY B NEW CLASS	COM	084670702	977	5,330	SH		SOLE		5,300	0	30
BERKSHIRE HATHAWAY B NEW CLASS	COM	084670702	34,645	188,988	SH		OTR		0	0	188,988
BERKSHIRE HATHAWAY CLASS B	COM	084670702	685	3,734	SH		SOLE		3,734	0	0
BERKSHIRE HATHAWAY CLASS B	COM	084670702	25	139	SH		OTR		0	0	139
BILLABONG INTL NEW ORD F	COM	q1502g206	7	17,240	SH		OTR		0	0	17,240
BLACK KNIGHT FINANCI XXX MANDA	COM	09214x100	958	22,244	SH		OTR		0	0	22,244
BLACKBERRY LTD F	COM	09228f103	115	10,275	SH		SOLE		10,275	0	0
BLACKBERRY LTD F	COM	09228f103	559	50,000	SH		OTR		0	0	50,000
BOEING CO	COM	097023105	188	739	SH		SOLE		739	0	0
BOEING CO	COM	097023105	61	239	SH		OTR		0	0	239
BOOZ ALLEN HAMILTON CLASS A	COM	099502106	228	6,085	SH		OTR		0	0	6,085
BRISTOL-MYERS SQUIBB	COM	110122108	481	7,553	SH		SOLE		7,553	0	0
BRISTOL-MYERS SQUIBB	COM	110122108	0	0	SH		OTR		0	0	0
BROADCOM LTD F	COM	y09827109	195	802	SH		SOLE		802	0	0
BROADCOM LTD F	COM	y09827109	109	450	SH		OTR		0	0	450
Bionovo Inc.	COM	000000000	0	10,000	SH		OTR		0	0	10,000
CAMECO CORPORATION F	COM	13321l108	285	29,500	SH		OTR		0	0	29,500
CANOPUS BIOPHARMA INC	COM	138034103	12	80,000	SH		OTR		0	0	80,000
CHESAPEAKE ENERGY CO	COM	165167107	61	14,290	SH		OTR		0	0	14,290
CHEVRON CORPORATION	COM	166764100	419	3,568	SH		SOLE		3,568	0	0
CHEVRON CORPORATION	COM	166764100	56	477	SH		OTR		0	0	477
CISCO SYSTEMS INC	COM	17275r102	2,978	88,539	SH		SOLE		86,827	0	1,712
CISCO SYSTEMS INC	COM	17275r102	432	12,832	SH		OTR		0	0	12,832
CITIGROUP INC	COM	172967424	831	11,426	SH		SOLE		11,201	0	225
CITIGROUP INC	COM	172967424	2,224	30,568	SH		OTR		0	0	30,568
COCA COLA COMPANY	COM	191216100	2,499	55,522	SH		SOLE		55,097	0	425
COCA COLA COMPANY	COM	191216100	198	4,391	SH		OTR		0	0	4,391
COLONY NORTHSTAR INC	COM	19625w104	402	32,000	SH		SOLE		32,000	0	0
COLONY NORTHSTAR INC	COM	19625w104	748	59,522	SH		OTR		0	0	59,522
COMCAST CORPORATION CLASS A	COM	20030n101	180	4,678	SH		SOLE		4,678	0	0
COMCAST CORPORATION CLASS A	COM	20030n101	98	2,557	SH		OTR		0	0	2,557
COSTCO WHOLESALE CO	COM	22160k105	189	1,153	SH		SOLE		1,153	0	0
COSTCO WHOLESALE CO	COM	22160k105	1,045	6,362	SH		OTR		0	0	6,362
CYBERARK SOFTWRE LTD F	COM	m2682v108	226	5,500	SH		OTR		0	0	5,500
Conographic Corp Calif Restr	COM	000000000	0	11,000	SH		OTR		0	0	11,000
D R HORTON CO	COM	23331a109	237	5,941	SH		OTR		0	0	5,941
DHT MARITIME HLD INC F	COM	y2065g121	179	45,000	SH	��	OTR		0	0	45,000
EBAY INC	COM	278642103	214	5,561	SH		OTR		0	0	5,561
ELI LILLY & COMPANY	COM	532457108	329	3,851	SH		SOLE		3,851	0	0
ELI LILLY & COMPANY	COM	532457108	0	0	SH		OTR		0	0	0
EMERSON ELECTRIC CO	COM	291011104	626	9,964	SH		SOLE		9,964	0	0
EMERSON ELECTRIC CO	COM	291011104	15	232	SH		OTR		0	0	232
EXXON MOBIL CORP	COM	30231g102	621	7,572	SH		SOLE		7,572	0	0
EXXON MOBIL CORP	COM	30231g102	44	535	SH		OTR		0	0	535
FACEBOOK INC CLASS A	COM	30303m102	594	3,477	SH		SOLE		3,477	0	0
FACEBOOK INC CLASS A	COM	30303m102	899	5,264	SH		OTR		0	0	5,264
FIDELITY NATL FINL	COM	31620r303	15,414	324,775	SH		OTR		0	0	324,775
FIDELITY NATL FINL	COM	31620r402	1,904	111,033	SH		OTR		0	0	111,033
FIDELITY NATL INFO	COM	31620m106	10,409	111,455	SH		OTR		0	0	111,455
FIRST FOUNDATION INC COMUSD0.0	COM	32026v104	228	12,725	SH		OTR		0	0	12,725
FIRST PACIFIC COMP ORDF	COM	g34804107	1	1,170	SH		SOLE		0	0	1,170
FIRST PACIFIC COMP ORDF	COM	g34804107	32	40,700	SH		OTR		0	0	40,700
FIRST REP BK SAN FRANCISCOCAL	COM	33616c100	434	4,150	SH		OTR		0	0	4,150
FORD MOTOR COMPANY	COM	345370860	60	5,000	SH		SOLE		5,000	0	0
FORD MOTOR COMPANY	COM	345370860	692	57,800	SH		OTR		0	0	57,800
FREEPORT MCMORAN INC	COM	35671d857	35	2,475	SH		SOLE		2,475	0	0
FREEPORT MCMORAN INC	COM	35671d857	405	28,850	SH		OTR		0	0	28,850
GENERAL ELECTRIC CO	COM	369604103	3,071	127,008	SH		SOLE		124,694	0	2,314
GENERAL ELECTRIC CO	COM	369604103	2,111	87,294	SH		OTR		0	0	87,294
GENERAL MOTORS CO	COM	37045v100	0	11	SH		SOLE		11	0	0
GENERAL MOTORS CO	COM	37045v100	235	5,816	SH		OTR		0	0	5,816
GENTEX CORP	COM	371901109	208	10,519	SH		OTR		0	0	10,519
GILEAD SCIENCES INC	COM	375558103	661	8,158	SH		SOLE		8,158	0	0
GILEAD SCIENCES INC	COM	375558103	70	865	SH		OTR		0	0	865
GOLDEN STAR RES LTD F	COM	38119t104	115	150,000	SH		OTR		0	0	150,000
GOLDMAN SACHS GROUP	COM	38141g104	406	1,710	SH		SOLE		1,394	0	316
GOLDMAN SACHS GROUP	COM	38141g104	119	503	SH		OTR		0	0	503
HAIN CELESTIAL GROUP	COM	405217100	412	10,000	SH		SOLE		10,000	0	0
HAIN CELESTIAL GROUP	COM	405217100	370	9,000	SH		OTR		0	0	9,000
HASBRO INC	COM	418056107	35	355	SH		SOLE		355	0	0
HASBRO INC	COM	418056107	178	1,822	SH		OTR		0	0	1,822
HENRY JACK & ASSOC	COM	426281101	242	2,358	SH		SOLE		2,358	0	0
HENRY JACK & ASSOC	COM	426281101	240	2,332	SH		OTR		0	0	2,332
HILTON WORLDWIDE HLD	COM	43300a203	771	11,099	SH		OTR		0	0	11,099
HOME DEPOT INC	COM	437076102	282	1,724	SH		SOLE		1,724	0	0
HOME DEPOT INC	COM	437076102	268	1,641	SH		OTR		0	0	1,641
I C U MEDICAL INC	COM	44930g107	209	1,125	SH		OTR		0	0	1,125
IBM CORP	COM	459200101	80	554	SH		SOLE		554	0	0
IBM CORP	COM	459200101	201	1,387	SH		OTR		0	0	1,387
IDENTIVE INC	COM	45170x205	149	32,105	SH		OTR		0	0	32,105
IDERA PHARMA	COM	45168k306	50	22,570	SH		SOLE		22,570	0	0
IDERA PHARMA	COM	45168k306	346	155,000	SH		OTR		0	0	155,000
INTEL CORP	COM	458140100	2,989	78,502	SH		SOLE		76,958	0	1,544
INTEL CORP	COM	458140100	2,293	60,218	SH		OTR		0	0	60,218
INTERNATIONAL PAPER	COM	460146103	795	14,000	SH		OTR		0	0	14,000
INTUITIVE SURGICAL	COM	46120e602	601	575	SH		SOLE		575	0	0
J ALEXANDERS HOLDING CLASS A	COM	46609j106	1,146	98,772	SH		OTR		0	0	98,772
JOHNSON & JOHNSON	COM	478160104	205	1,579	SH		SOLE		1,579	0	0
JOHNSON & JOHNSON	COM	478160104	671	5,162	SH		OTR		0	0	5,162
JPMORGAN CHASE & CO	COM	46625h100	1,190	12,454	SH		SOLE		10,900	0	1,554
JPMORGAN CHASE & CO	COM	46625h100	617	6,465	SH		OTR		0	0	6,465
KRAFT HEINZ COMPANY	COM	500754106	724	9,336	SH		SOLE		9,336	0	0
KRAFT HEINZ COMPANY	COM	500754106	65	839	SH		OTR		0	0	839
LA JOLLA PHARMA	COM	503459604	768	22,092	SH		OTR		0	0	22,092
LANNETT INC	COM	516012101	286	15,500	SH		OTR		0	0	15,500
LIGHTWAVE LOGIC INC	COM	532275104	15	10,000	SH		OTR		0	0	10,000
MACYS INC	COM	55616p104	916	42,000	SH		OTR		0	0	42,000
MANULIFE FINANCIAL F	COM	56501r106	296	14,608	SH		SOLE		14,608	0	0
MANULIFE FINANCIAL F	COM	56501r106	1,140	56,178	SH		OTR		0	0	56,178
MERCK & CO INC	COM	58933y105	389	6,069	SH		SOLE		6,049	0	20
MERCK & CO INC	COM	58933y105	629	9,818	SH		OTR		0	0	9,818
MERIDIAN BIOSCIENCE	COM	589584101	77	5,400	SH		SOLE		5,400	0	0
MERIDIAN BIOSCIENCE	COM	589584101	429	30,000	SH		OTR		0	0	30,000
MICROSOFT CORP	COM	594918104	440	5,913	SH		SOLE		5,913	0	0
MICROSOFT CORP	COM	594918104	3,886	52,174	SH		OTR		0	0	52,174
MOTOROLA SOLUTIONS	COM	620076307	242	2,857	SH		OTR		0	0	2,857
N V R INC	COM	62944t105	277	97	SH		OTR		0	0	97
NEW GOLD INC COM	COM	644535106	37	10,000	SH		OTR		0	0	10,000
NEXTERA ENERGY INC	COM	65339f101	64	436	SH		SOLE		436	0	0
NEXTERA ENERGY INC	COM	65339f101	192	1,308	SH		OTR		0	0	1,308
NVIDIA CORP	COM	67066g104	47	261	SH		SOLE		261	0	0
NVIDIA CORP	COM	67066g104	156	870	SH		OTR		0	0	870
OCCIDENTAL PETE CORP	COM	674599105	385	6,000	SH		SOLE		6,000	0	0
OPKO HEALTH INC	COM	68375n103	309	45,000	SH		OTR		0	0	45,000
ORACLE CORPORATION	COM	68389x105	911	18,845	SH		SOLE		18,216	0	629
ORACLE CORPORATION	COM	68389x105	2,236	46,238	SH		OTR		0	0	46,238
PACWEST BANCORP	COM	695263103	1,734	34,339	SH		SOLE		34,339	0	0
PACWEST BANCORP	COM	695263103	25	503	SH		OTR		0	0	503
PAYCHEX INC	COM	704326107	47	784	SH		SOLE		784	0	0
PAYCHEX INC	COM	704326107	164	2,741	SH		OTR		0	0	2,741
PEPSICO INCORPORATED	COM	713448108	378	3,391	SH		SOLE		3,391	0	0
PEPSICO INCORPORATED	COM	713448108	47	424	SH		OTR		0	0	424
PFIZER INCORPORATED	COM	717081103	3,446	96,522	SH		SOLE		95,342	0	1,181
PFIZER INCORPORATED	COM	717081103	363	10,177	SH		OTR		500	0	10,177
PHILIP MORRIS INTL	COM	718172109	676	6,087	SH		SOLE		6,087	0	0
PHILIP MORRIS INTL	COM	718172109	10,224	92,102	SH		OTR		0	0	92,102
PRICELINE GROUP	COM	741503403	368	201	SH		SOLE		201	0	0
PRICELINE GROUP	COM	741503403	146	80	SH		OTR		0	0	80
PROCTER & GAMBLE	COM	742718109	540	5,937	SH		SOLE		5,937	0	0
PROCTER & GAMBLE	COM	742718109	1,464	16,092	SH		OTR		0	0	16,092
PURATION INC	COM	74609p104	1	50,000	SH		OTR		0	0	50,000
QUALCOMM INC	COM	747525103	206	3,966	SH		SOLE		3,722	0	244
QUALCOMM INC	COM	747525103	20	394	SH		OTR		0	0	394
RENT A CENTER INC	COM	76009n100	377	32,800	SH		SOLE		32,800	0	0
RENT A CENTER INC	COM	76009n100	413	36,000	SH		OTR		0	0	36,000
SALESFORCE COM	COM	79466l302	344	3,683	SH		SOLE		3,683	0	0
SALESFORCE COM	COM	79466l302	15	161	SH		OTR		0	0	161
SANUWAVE HEALTH INC	COM	80303d107	112	660,000	SH		OTR		0	0	660,000
SCHLUMBERGER LTD F	COM	806857108	309	4,425	SH		SOLE		4,425	0	0
SCHLUMBERGER LTD F	COM	806857108	203	2,915	SH		OTR		0	0	2,915
SIRIUS XM RADIO INC	COM	82968b103	58	10,525	SH		SOLE		10,525	0	0
SKYWORKS SOLUTIONS	COM	83088m102	234	2,300	SH		SOLE		2,300	0	0
SOUTHWEST AIRLINES	COM	844741108	206	3,678	SH		SOLE		3,678	0	0
STARBUCKS CORP	COM	855244109	286	5,319	SH		SOLE		5,319	0	0
STARBUCKS CORP	COM	855244109	56	1,045	SH		OTR		0	0	1,045
SUNOPTA INC F	COM	8676ep108	96	11,000	SH		SOLE		11,000	0	0
SUNOPTA INC F	COM	8676ep108	113	13,000	SH		OTR		0	0	13,000
SYMANTEC CORP	COM	871503108	616	18,768	SH		SOLE		18,768	0	0
TABLEAU SOFTWARE INC CLASS A	COM	87336u105	1,427	19,051	SH		SOLE		19,051	0	0
TABLEAU SOFTWARE INC CLASS A	COM	87336u105	47	628	SH		OTR		0	0	628
TARGET CORPORATION	COM	87612e106	30	510	SH		SOLE		510	0	0
TARGET CORPORATION	COM	87612e106	1,056	17,900	SH		OTR		0	0	17,900
TEGNA INC	COM	87901j105	168	12,599	SH		OTR		0	0	12,599
TESLA INC	COM	88160r101	194	568	SH		SOLE		568	0	0
TESLA INC	COM	88160r101	10	29	SH		OTR		0	0	29
TEXAS INSTRUMENTS	COM	882508104	141	1,572	SH		SOLE		1,572	0	0
TEXAS INSTRUMENTS	COM	882508104	259	2,888	SH		OTR		0	0	2,888
TG THERAPEUTICS INC	COM	88322q108	142	12,000	SH		OTR		0	0	12,000
TIVO CORPORATION	COM	88870p106	218	11,000	SH		SOLE		11,000	0	0
TIVO CORPORATION	COM	88870p106	159	8,000	SH		OTR		0	0	8,000
TOLL BROTHERS INC	COM	889478103	207	5,000	SH		OTR		0	0	5,000
TYSON FOODS INC CLASS A	COM	902494103	705	10,000	SH		OTR		0	0	10,000
U S BANCORP	COM	902973304	66	1,224	SH		SOLE		1,224	0	0
U S BANCORP	COM	902973304	6,699	125,000	SH		OTR		0	0	125,000
UNITED PARCEL SRVC CLASS B	COM	911312106	11,417	95,072	SH		SOLE		95,072	0	0
UNITED PARCEL SRVC CLASS B	COM	911312106	23,194	193,141	SH		OTR		0	0	193,141
UNITED RENTALS INC	COM	911363109	205	1,480	SH		SOLE		1,480	0	0
UNITEDHEALTH GRP INC	COM	91324p102	199	1,016	SH		SOLE		1,016	0	0
UNITEDHEALTH GRP INC	COM	91324p102	2	12	SH		OTR		0	0	12
UNIVERSAL HLTH SVCS CLASS B	COM	913903100	258	2,330	SH		SOLE		2,330	0	0
UNIVERSAL HLTH SVCS CLASS B	COM	913903100	1	6	SH		OTR		0	0	6
UQM TECHNOLOGIES INC	COM	903213106	43	37,750	SH		OTR		0	0	37,750
VALERO ENERGY CORP	COM	91913y100	165	2,150	SH		SOLE		2,050	0	100
VALERO ENERGY CORP	COM	91913y100	147	1,910	SH		OTR		0	0	1,910
VASCO DATA SECURITY	COM	92230y104	241	20,000	SH		OTR		0	0	20,000
VERIZON COMMUNICATN	COM	92343v104	60	1,210	SH		SOLE		1,095	0	115
VERIZON COMMUNICATN	COM	92343v104	462	9,342	SH		OTR		0	0	9,342
VISA INC CLASS A	COM	92826c839	1,010	9,596	SH		SOLE		9,596	0	0
VISA INC CLASS A	COM	92826c839	474	4,500	SH		OTR		0	0	4,500
WAL-MART STORES INC	COM	931142103	49	630	SH		SOLE		630	0	0
WAL-MART STORES INC	COM	931142103	266	3,406	SH		OTR		0	0	3,406
WALT DISNEY CO	COM	254687106	431	4,369	SH		SOLE		4,369	0	0
WALT DISNEY CO	COM	254687106	27	279	SH		OTR		0	0	279
WELLS FARGO BK N A	COM	949746101	335	6,073	SH		SOLE		4,158	0	1,915
WELLS FARGO BK N A	COM	949746101	241	4,361	SH		OTR		0	0	4,361
WILLIAMS COMPANIES	COM	969457100	8	282	SH		SOLE		282	0	0
WILLIAMS COMPANIES	COM	969457100	1,227	40,894	SH		OTR		0	0	40,894
XILINX INC	COM	983919101	757	10,682	SH		SOLE		10,682	0	0
XILINX INC	COM	983919101	173	2,442	SH		OTR		0	0	2,442
AEGON N V F SPONSORED ADR 1 AD	ADR	007924103	3	575	SH		SOLE		0	0	575
AEGON N V F SPONSORED ADR 1 AD	ADR	007924103	165	28,500	SH		OTR		0	0	28,500
ALLIANZ SE F SPONSORED ADR 1 A	ADR	018805101	151	6,757	SH		SOLE		6,757	0	0
ALLIANZ SE F SPONSORED ADR 1 A	ADR	018805101	672	30,000	SH		OTR		0	0	30,000
BAIDU INC F SPONSORED ADR 1 AD	ADR	056752108	411	1,658	SH		SOLE		1,658	0	0
BAYER AG F SPONSORED ADR 1 ADR	ADR	072730302	821	24,000	SH		OTR		0	0	24,000
BP PLC F SPONSORED ADR 1 ADR R	ADR	055622104	406	10,556	SH		SOLE		10,556	0	0
BP PLC F SPONSORED ADR 1 ADR R	ADR	055622104	266	6,930	SH		OTR		0	0	6,930
C K HUTCHISON HOLDIN F SPONSOR	ADR	12562y100	114	8,942	SH		SOLE		8,942	0	0
C K HUTCHISON HOLDIN F SPONSOR	ADR	12562y100	54	4,238	SH		OTR		0	0	4,238
DEUTSCHE TELEKOM AG F SPONSORE	ADR	251566105	66	3,520	SH		SOLE		3,520	0	0
DEUTSCHE TELEKOM AG F SPONSORE	ADR	251566105	457	24,500	SH		OTR		0	0	24,500
ENEL SOCIETA PER AZIONI ADR	ADR	29265W207	106	17,673	SH		SOLE		17,673	0	0
GAZPROM PJSC F ADR 1 ADR REPS	ADR	368287207	1,516	363,600	SH		SOLE		363,600	0	0
LLOYDS BANKING GROUP PLC ADR	ADR	539439109	162	44,396	SH		SOLE		44,396	0	0
PORSCHE AUTOMOBIL HO F SPONSOR	ADR	73328p106	589	92,700	SH		OTR		0	0	92,700
SIEMENS A G F SPONSORED ADR 1	ADR	826197501	991	14,000	SH		OTR		0	0	14,000
TAIWAN SEMICONDUCTR F SPONSORE	ADR	874039100	267	7,122	SH		SOLE		7,122	0	0
TAIWAN SEMICONDUCTR F SPONSORE	ADR	874039100	11,265	300,000	SH		OTR		0	0	300,000
TESCO PLC F SPONSORED ADR 1 AD	ADR	881575302	111	14,562	SH		SOLE		14,162	0	400
TESCO PLC F SPONSORED ADR 1 AD	ADR	881575302	4	525	SH		OTR		0	0	525
ALPS ALERIAN MLP ETF	INDEX CEF	00162q866	353	31,505	SH		SOLE		31,505	0	0
ALPS ALERIAN MLP ETF	INDEX CEF	00162q866	16	1,468	SH		OTR		0	0	1,468
ENERGY SELECT SECTOR SPDR ETF	INDEX CEF	81369y506	491	7,165	SH		SOLE		7,165	0	0
ENERGY SELECT SECTOR SPDR ETF	INDEX CEF	81369y506	145	2,118	SH		OTR		0	0	2,118
GLOBAL X MSCI GREECE ETF	INDEX CEF	37950e366	18	1,900	SH		SOLE		1,900	0	0
GLOBAL X MSCI GREECE ETF	INDEX CEF	37950e366	579	61,210	SH		OTR		0	0	61,210
IQ HEDGE MULTI-STRATEGY TRACKE	INDEX CEF	45409b107	390	13,067	SH		SOLE		13,067	0	0
ISHARES CORE S&P 500 ETF	INDEX CEF	464287200	9,751	38,551	SH		SOLE		19,369	0	19,182
ISHARES CORE S&P SMALL CAP ETF	INDEX CEF	464287804	44	590	SH		SOLE		590	0	0
ISHARES CORE S&P SMALL CAP ETF	INDEX CEF	464287804	204	2,742	SH		OTR		0	0	2,742
ISHARES CORE S&P US GROWTH ETF	INDEX CEF	464287671	7,315	144,910	SH		SOLE		89,906	0	55,004
ISHARES CORE S&P US GROWTH ETF	INDEX CEF	464287671	350	6,940	SH		OTR		0	0	6,940
ISHARES MSCI BRAZIL CAPPED ETF	INDEX CEF	464286400	500	12,000	SH		SOLE		12,000	0	0
ISHARES MSCI BRAZIL CAPPED ETF	INDEX CEF	464286400	834	20,000	SH		OTR		0	0	20,000
ISHARES MSCI EAFE ETF	INDEX CEF	464287465	1,526	22,284	SH		SOLE		11,160	0	11,124
ISHARES MSCI EAFE ETF	INDEX CEF	464287465	1,827	26,685	SH		OTR		0	0	26,685
ISHARES MSCI EMERGING MARKETS	INDEX CEF	464287234	374	8,341	SH		OTR		0	0	8,341
ISHARES MSCI EUROZONE ETF	INDEX CEF	464286608	11,540	266,389	SH		SOLE		265,013	0	1,376
ISHARES MSCI EUROZONE ETF	INDEX CEF	464286608	2,989	68,988	SH		OTR		0	0	68,988
ISHARES MSCI GERMANY ETF	INDEX CEF	464286806	7,264	224,000	SH		OTR		0	0	224,000
ISHARES MSCI INDIA INDEX ETF	INDEX CEF	46429b598	1,520	46,263	SH		OTR		0	0	46,263
ISHARES MSCI ITALY CAPPED ETF	INDEX CEF	46434g830	121	3,873	SH		SOLE		3,873	0	0
ISHARES MSCI ITALY CAPPED ETF	INDEX CEF	46434g830	318	10,150	SH		OTR		0	0	10,150
ISHARES MSCI TURKEY ETF	INDEX CEF	464286715	711	17,000	SH		OTR		0	0	17,000
ISHARES RUSSELL 1000 ETF	INDEX CEF	464287622	2,964	21,188	SH		OTR		0	0	21,188
ISHARES RUSSELL 1000 GROWTH ET	INDEX CEF	464287614	81	650	SH		SOLE		650	0	0
ISHARES RUSSELL 1000 GROWTH ET	INDEX CEF	464287614	3,317	26,519	SH		OTR		0	0	26,519
ISHARES RUSSELL 2000 ETF	INDEX CEF	464287655	1,057	7,136	SH		SOLE		7,136	0	0
ISHARES RUSSELL 2000 ETF	INDEX CEF	464287655	326	2,200	SH		OTR		0	0	2,200
ISHARES RUSSELL 2000 GROWTH ET	INDEX CEF	464287648	543	3,033	SH		OTR		0	0	3,033
ISHARES RUSSELL 3000 ETF	INDEX CEF	464287689	973	6,520	SH		SOLE		6,520	0	0
ISHARES RUSSELL 3000 ETF	INDEX CEF	464287689	6	38	SH		OTR		0	0	38
ISHARES RUSSELL MID CAP ETF	INDEX CEF	464287499	2,067	10,482	SH		SOLE		5,241	0	5,241
ISHARES RUSSELL MID CAP ETF	INDEX CEF	464287499	276	1,400	SH		OTR		0	0	1,400
ISHARES RUSSELL MID CAP GROWTH	INDEX CEF	464287481	185	1,637	SH		SOLE		1,637	0	0
ISHARES RUSSELL MID CAP GROWTH	INDEX CEF	464287481	18	162	SH		OTR		0	0	162
ISHARES S&P 100 ETF	INDEX CEF	464287101	1,914	17,200	SH		SOLE		17,200	0	0
ISHARES S&P 100 ETF	INDEX CEF	464287101	887	7,969	SH		OTR		0	0	7,969
ISHARES S&P 500 GROWTH ETF	INDEX CEF	464287309	255	1,775	SH		SOLE		1,775	0	0
ISHARES S&P 500 GROWTH ETF	INDEX CEF	464287309	66	460	SH		OTR		0	0	460
ISHARES SELECT DIVIDEND ETF	INDEX CEF	464287168	1,841	19,658	SH		SOLE		9,829	0	9,829
ISHARES SELECT DIVIDEND ETF	INDEX CEF	464287168	37	396	SH		OTR		0	0	396
IShares core MSCI Emerging Mar	INDEX CEF	000000000	1,947	36,043	SH		SOLE		36,043	0	0
POWERSHARES FTSE RAFI EMER MKT	INDEX CEF	73936t763	3,066	143,763	SH		OTR		0	0	143,763
POWERSHARES QQQ TRUST SRS 1 ET	INDEX CEF	73935a104	53,588	368,426	SH		SOLE		360,253	0	8,173
POWERSHARES QQQ TRUST SRS 1 ET	INDEX CEF	73935a104	5,665	38,949	SH		OTR		0	0	38,949
POWERSHARES S&P 500 LOW VOLAT	INDEX CEF	73937b779	12,107	264,410	SH		SOLE		259,849	0	4,561
POWERSHARES S&P 500 LOW VOLAT	INDEX CEF	73937b779	758	16,558	SH		OTR		0	0	16,558
PROSHARES ULTRASHORT FTSE EURO	INDEX CEF	74348a434	711	22,000	SH		OTR		0	0	22,000
PWRSHS FTSE RAFI DVPD MKT EX U	INDEX CEF	73936t789	3,195	72,409	SH		OTR		0	0	72,409
SCHWAB INTERNATIONAL EQUITY ET	INDEX CEF	808524805	245	7,327	SH		SOLE		7,327	0	0
SCHWAB INTERNATIONAL EQUITY ET	INDEX CEF	808524805	2	45	SH		OTR		0	0	45
SCHWAB US BROAD MARKET ETF	INDEX CEF	808524102	344	5,647	SH		SOLE		5,647	0	0
SCHWAB US BROAD MARKET ETF	INDEX CEF	808524102	89	1,465	SH		OTR		0	0	1,465
SCHWAB US LARGE CAP ETF	INDEX CEF	808524201	1,089	18,137	SH		SOLE		18,137	0	0
SCHWAB US LARGE CAP ETF	INDEX CEF	808524201	79	1,324	SH		OTR		0	0	1,324
SELECT SECTOR HEALTH CARE SPDR	INDEX CEF	81369y209	14,318	175,188	SH		SOLE		171,717	0	3,471
SELECT SECTOR HEALTH CARE SPDR	INDEX CEF	81369y209	998	12,206	SH		OTR		0	0	12,206
SELECT SECTOR UTI SELECT SPDR	INDEX CEF	81369y886	1,114	21,001	SH		SOLE		21,001	0	0
SELECT STR FINANCIAL SELECT SP	INDEX CEF	81369y605	516	19,956	SH		SOLE		19,956	0	0
SELECT STR FINANCIAL SELECT SP	INDEX CEF	81369y605	341	13,202	SH		OTR		0	0	13,202
SPDR EURO STOXX 50 ETF	INDEX CEF	78463x202	1,073	26,000	SH		OTR		0	0	26,000
SPDR FUND CONSUMER DISCRE SELE	INDEX CEF	81369y407	328	3,637	SH		SOLE		3,637	0	0
SPDR FUND CONSUMER DISCRE SELE	INDEX CEF	81369y407	27	300	SH		OTR		0	0	300
SPDR S&P 500 ETF	INDEX CEF	78462f103	97,266	387,160	SH		SOLE		383,148	0	4,012
SPDR S&P 500 ETF	INDEX CEF	78462f103	9,658	38,444	SH		OTR		0	0	38,444
SPDR S&P DIVIDEND ETF	INDEX CEF	78464a763	2,692	29,477	SH		SOLE		29,385	0	92
SPDR S&P DIVIDEND ETF	INDEX CEF	78464a763	378	4,140	SH		OTR		0	0	4,140
SPDR S&P TRANSPORTATION ETF	INDEX CEF	78464a532	1,164	19,390	SH		SOLE		19,390	0	0
TECHNOLOGY SELECT SECTOR SPDR	INDEX CEF	81369y803	16,169	273,584	SH		SOLE		270,070	0	3,514
TECHNOLOGY SELECT SECTOR SPDR	INDEX CEF	81369y803	892	15,088	SH		OTR		0	0	15,088
VANECK VECTORS CHINAAMC CSI 30	INDEX CEF	92189f759	317	6,972	SH		OTR		0	0	6,972
VANECK VECTORS GOLD MINERS ETF	INDEX CEF	92189f106	448	19,495	SH		OTR		0	0	19,495
VANECK VECTORS JR GOLD MINERS	INDEX CEF	92189f791	134	4,000	SH		SOLE		4,000	0	0
VANECK VECTORS JR GOLD MINERS	INDEX CEF	92189f791	1,478	44,000	SH		OTR		0	0	44,000
VANGUARD DIVIDEND APPRECIATION	INDEX CEF	921908844	3,040	32,066	SH		SOLE		32,066	0	0
VANGUARD FTSE EMERGING MARKETS	INDEX CEF	922042858	11,395	261,544	SH		SOLE		258,328	0	3,216
VANGUARD FTSE EMERGING MARKETS	INDEX CEF	922042858	3,642	83,591	SH		OTR		0	0	83,591
VANGUARD HIGH DIVIDEND YIELD E	INDEX CEF	921946406	232	2,860	SH		SOLE		2,860	0	0
VANGUARD INDEX FUNDS VANGUARD	INDEX CEF	922908736	2,624	19,770	SH		SOLE		19,770	0	0
VANGUARD MEGA CAP GROWTH ETF	INDEX CEF	921910816	847	8,085	SH		SOLE		8,085	0	0
VANGUARD S&P 500 ETF	INDEX CEF	922908363	831	3,600	SH		SOLE		3,600	0	0
VANGUARD S&P MID CAP 400 ETF	INDEX CEF	921932885	2,900	24,000	SH		OTR		0	0	24,000
VANGUARD S&P MID CAP 400 VALUE	INDEX CEF	921932844	2,813	24,000	SH		OTR		0	0	24,000
VANGUARD TOTAL STOCK MARKET ET	INDEX CEF	922908769	68	526	SH		SOLE		526	0	0
VANGUARD TOTAL STOCK MARKET ET	INDEX CEF	922908769	2,201	16,992	SH		OTR		0	0	16,992
VANGUARD VALUE ETF	INDEX CEF	922908744	8,002	80,163	SH		SOLE		80,163	0	0
VANGUARD VALUE ETF	INDEX CEF	922908744	405	4,058	SH		OTR		0	0	4,058
WISDOMTREE EUROPE HEDGED EQTY	INDEX CEF	97717x701	2,286	35,325	SH		SOLE		35,325	0	0
WISDOMTREE EUROPE HEDGED EQTY	INDEX CEF	97717x701	19	300	SH		OTR		0	0	300
WISDOMTREE INDIA EARNINGS ETF	INDEX CEF	97717w422	1,564	62,147	SH		OTR		0	0	62,147
WISDOMTREE JAPAN HEDGED EQUITY	INDEX CEF	97717w851	7,133	130,395	SH		SOLE		127,884	0	2,511
WISDOMTREE JAPAN HEDGED EQUITY	INDEX CEF	97717w851	600	10,974	SH		OTR		0	0	10,974
WISDOMTREE US DIV EX FINANCAL	INDEX CEF	97717w406	607	7,200	SH		SOLE		7,200	0	0
ISHARES 1-3 YEAR CREDIT BOND E	ETF	464288646	7,061	67,024	SH		SOLE		64,900	0	2,124
ISHARES 1-3 YEAR CREDIT BOND E	ETF	464288646	659	6,258	SH		OTR		0	0	6,258
ISHARES CORE US AGGREGATE BOND	ETF	464287226	4,023	36,713	SH		SOLE		19,768	0	16,945
ISHARES FLOATING RATE BOND ETF	ETF	46429b655	207	4,055	SH		SOLE		4,055	0	0
ISHARES FLOATING RATE BOND ETF	ETF	46429b655	164	3,215	SH		OTR		0	0	3,215
ISHARES IBOXX INVT GRADE BOND	ETF	464287242	2,777	22,906	SH		SOLE		12,881	0	10,025
ISHARES IBOXX INVT GRADE BOND	ETF	464287242	74	611	SH		OTR		0	0	611
ISHARES S&P U S PFD FUND S&P U	ETF	464288687	1,856	47,824	SH		SOLE		47,824	0	0
ISHARES TIPS BOND ETF	ETF	464287176	3,149	27,728	SH		SOLE		13,864	0	13,864
PIMCO 0-5 YEAR HIGH YLD BND ID	ETF	72201r783	7,230	71,204	SH		SOLE		70,143	0	1,061
PIMCO 0-5 YEAR HIGH YLD BND ID	ETF	72201r783	387	3,813	SH		OTR		0	0	3,813
PIMCO ACTIVE BOND ETF	ETF	72201r775	6,938	64,985	SH		SOLE		63,224	0	1,761
PIMCO ACTIVE BOND ETF	ETF	72201r775	563	5,275	SH		OTR		135	0	0
PIMCO ENHANCED SHRT MATURTY AC	ETF	72201r833	1,420	13,952	SH		SOLE		13,952	0	0
PIMCO ENHANCED SHRT MATURTY AC	ETF	72201r833	442	4,344	SH		OTR		0	0	4,344
POWERSHARES FINANCIAL PREFERRE	ETF	73935x229	617	32,505	SH		SOLE		32,505	0	0
POWERSHARES INTL CORPORATE BON	ETF	73936q835	399	14,760	SH		SOLE		12,390	0	2,370
POWERSHARES INTL CORPORATE BON	ETF	73936q835	74	2,720	SH		OTR		0	0	2,720
POWERSHARES SENIOR LOAN ETF	ETF	73936q769	848	36,603	SH		SOLE		36,603	0	0
POWERSHARES SENIOR LOAN ETF	ETF	73936q769	127	5,465	SH		OTR		0	0	5,465
SPDR BLMBRG BRCLY SHT TRM HGH	ETF	78468r408	4,178	149,375	SH		SOLE		149,275	0	100
SPDR BLMBRG BRCLY SHT TRM HGH	ETF	78468r408	245	8,757	SH		OTR		0	0	8,757
SPDR DOUBLELINE TTL RTRN TTCL	ETF	78467v848	5,028	102,058	SH		SOLE		97,615	0	4,443
SPDR DOUBLELINE TTL RTRN TTCL	ETF	78467v848	232	4,715	SH		OTR		0	0	4,715
VANGUARD SCOTTSDALE FUNDS VANG	ETF	92206c409	3,894	48,595	SH		SOLE		48,112	0	483
VANGUARD SCOTTSDALE FUNDS VANG	ETF	92206c409	157	1,957	SH		OTR		0	0	1,957
VANGUARD TOTAL INTERNATIONAL B	ETF	92203j407	1,476	27,041	SH		SOLE		26,965	0	76
VANGUARD TOTAL INTERNATIONAL B	ETF	92203j407	16	296	SH		OTR		0	0	296
APOLLO GLOBAL MGMT LP	LP	037612306	416	13,815	SH		OTR		0	0	13,815
BLACKSTONE GROUP LP LP	LP	09253u108	574	17,200	SH		SOLE		17,200	0	0
BLACKSTONE GROUP LP LP	LP	09253u108	1,171	35,089	SH		OTR		0	0	35,089
CARLYLE GROUP LP	LP	14309l102	205	8,698	SH		OTR		0	0	8,698
KKR & CO LP LP	LP	48248m102	604	29,700	SH		SOLE		29,700	0	0
KKR & CO LP LP	LP	48248m102	365	17,941	SH		OTR		0	0	17,941
POPE RESOURCES DEP LP	LP	732857107	1,378	19,597	SH		OTR		0	0	19,597
Riverside Foxmoor Associates	LP	000000000	0	85,953	SH		OTR		0	0	85,953
WILLIAMS PARTNERS LP LP	LP	96949l105	7,752	199,277	SH		OTR		0	0	199,277
FARM CREDIT BANK O 0PFD DUE 1	PFD	30767e307	1,952	1,600	SH		SOLE		1,600	0	0
HILLMAN GRP 11.6 PFD DUE 09/30	PFD	43162l206	391	11,402	SH		OTR		0	0	11,402
Security Etch Intl Sr-B Red/Cv	PFD	000000000	0	20,000	SH		OTR		0	0	20,000
TABERNA PREFERRED .018 07/05/2	PFD	87330l200	0	2,000,000	SH		SOLE		0	0	500,000
ALLIANCEBERNSTEIN NTNL M	NON-TAX CEF	01864u106	248	17,740	SH		SOLE		17,740	0	0
BLACKOCK MUNIHOLDINGS IN	NON-TAX CEF	09254p108	322	21,760	SH		SOLE		21,760	0	0
BLACKOCK MUNIHOLDINGS IN	NON-TAX CEF	09254p108	94	6,380	SH		OTR		0	0	6,380
BLACKROCK CALIFORNIA MUN	NON-TAX CEF	09248e102	234	16,145	SH		SOLE		16,145	0	0
BLACKROCK CALIFORNIA MUN	NON-TAX CEF	09248e102	78	5,400	SH		OTR		0	0	5,400
BLACKROCK MUNICIPAL INCO	NON-TAX CEF	09248f109	442	30,920	SH		SOLE		29,590	0	1,330
BLACKROCK MUNICIPAL INCO	NON-TAX CEF	09248f109	2,978	208,542	SH		OTR		0	0	208,542
BLACKROCK MUNIHLDG CALIF	NON-TAX CEF	09254l107	247	16,660	SH		SOLE		16,660	0	0
BLACKROCK MUNIHLDG CALIF	NON-TAX CEF	09254l107	101	6,805	SH		OTR		0	0	6,805
BLACKROCK MUNIHOLDINGS C	NON-TAX CEF	09253n104	179	10,370	SH		SOLE		10,370	0	0
BLACKROCK MUNIHOLDINGS Q	NON-TAX CEF	09254c107	195	14,010	SH		SOLE		12,750	0	1,260
BLACKROCK MUNIYIELD CALI	NON-TAX CEF	09254n103	574	37,131	SH		SOLE		37,131	0	0
BLACKROCK MUNIYIELD CALI	NON-TAX CEF	09254n103	6,034	390,571	SH		OTR		0	0	390,571
BLACKROCK MUNIYIELD CALI	NON-TAX CEF	09254m105	678	43,853	SH		SOLE		43,853	0	0
BLACKROCK MUNIYIELD CALI	NON-TAX CEF	09254m105	1,899	122,900	SH		OTR		0	0	122,900
BLACKROCK MUNIYIELD CF	NON-TAX CEF	09253w104	258	17,130	SH		SOLE		17,130	0	0
BLACKROCK MUNIYIELD CF	NON-TAX CEF	09253w104	99	6,570	SH		OTR		0	0	6,570
BLACKROCK MUNIYIELD QUAL	NON-TAX CEF	09254e103	367	25,620	SH		SOLE		25,620	0	0
BLACKROCK MUNIYIELD QUAL	NON-TAX CEF	09254e103	95	6,655	SH		OTR		0	0	6,655
BLACKROCK MUNIYLD QUALIT	NON-TAX CEF	09254g108	206	15,430	SH		SOLE		15,430	0	0
DEUTSCHE MUNI INCOME TR	NON-TAX CEF	25160c106	340	26,720	SH		SOLE		26,720	0	0
DREYFUS STRATEGIC MUNICI	NON-TAX CEF	26202f107	235	27,740	SH		SOLE		27,740	0	0
DREYFUS STRATEGIC MUNICI	NON-TAX CEF	261932107	233	26,460	SH		SOLE		26,460	0	0
EATON VANCE CALF MUN INCOME TR	NON-TAX CEF	27826f101	308	24,686	SH		SOLE		24,686	0	0
EATON VANCE CALIF MUNICI	NON-TAX CEF	27828a100	160	13,310	SH		SOLE		13,310	0	0
INVESCO CALIFORNIA VALUE MUNIC	NON-TAX CEF	46132h106	694	52,865	SH		SOLE		52,865	0	0
INVESCO CALIFORNIA VALUE MUNIC	NON-TAX CEF	46132h106	39	2,962	SH		OTR		0	0	2,962
INVESCO MUNI OPPORTUNITY TRUST	NON-TAX CEF	46132c107	160	12,270	SH		SOLE		12,270	0	0
INVESCO QLTY MUN INCM TR SBI	NON-TAX CEF	46133g107	136	10,590	SH		SOLE		10,590	0	0
INVESCO TRUST FOR INVT GRADE M	NON-TAX CEF	46131m106	144	10,760	SH		SOLE		10,760	0	0
INVESCO TRUST FOR INVT GRADE M	NON-TAX CEF	46131m106	101	7,560	SH		OTR		0	0	7,560
INVESCO VALUE MUNI INCM TRUST	NON-TAX CEF	46132p108	172	11,500	SH		SOLE		11,500	0	0
NUVEEN AMT FREE MNCPL CR	NON-TAX CEF	67071l106	362	23,490	SH		SOLE		22,316	0	1,174
NUVEEN AMT FREE QUALITY	NON-TAX CEF	670657105	695	50,175	SH		SOLE		50,175	0	0
NUVEEN AMT FREE QUALITY	NON-TAX CEF	670657105	51	3,700	SH		OTR		0	0	3,700
NUVEEN CLIFORNIA QULTY M	NON-TAX CEF	67066y105	1,003	67,223	SH		SOLE		65,083	0	2,140
NUVEEN CLIFORNIA QULTY M	NON-TAX CEF	67066y105	36	2,391	SH		OTR		0	0	2,391
NUVEEN ENHANCED MUNICIPA	NON-TAX CEF	67074m101	324	22,020	SH		SOLE		20,860	0	1,160
NUVEEN ENHANCED MUNICIPA	NON-TAX CEF	67074m101	99	6,715	SH		OTR		0	0	6,715
NUVEEN MUNI HIGH INC OPP	NON-TAX CEF	670682103	315	23,140	SH		SOLE		23,140	0	0
NUVEEN QUALITY MUNICIPAL	NON-TAX CEF	67066v101	707	49,840	SH		SOLE		49,840	0	0
NUVEN CALIFOR AMT FREE Q	NON-TAX CEF	670651108	269	17,069	SH		SOLE		17,069	0	0
NUVEN CALIFOR AMT FREE Q	NON-TAX CEF	670651108	0	17	SH		OTR		0	0	17
PIMCO CALIFOR MUNI INCM	NON-TAX CEF	72201c109	153	14,040	SH		SOLE		12,400	0	1,640
PIMCO MUNICIPAL INCOME C	NON-TAX CEF	72200r107	252	18,413	SH		OTR		0	0	18,413
PIMCO MUNICIPAL INCOME I	NON-TAX CEF	72200w106	352	26,745	SH		SOLE		26,745	0	0
PIMCO MUNICIPAL INCOME I	NON-TAX CEF	72201a103	141	11,910	SH		SOLE		11,910	0	0
WESTERN ASST MNGD MUNCPL	NON-TAX CEF	95766m105	445	31,780	SH		SOLE		31,780	0	0
WESTERN ASST MNGD MUNCPL	NON-TAX CEF	95766m105	91	6,520	SH		OTR		0	0	6,520
BLACKROCK TAXABL MUNI BN	TAXABLE MUNI CEF	09248x100	446	19,075	SH		SOLE		19,075	0	0
BLACKROCK TAXABL MUNI BN	TAXABLE MUNI CEF	09248x100	194	8,294	SH		OTR		0	0	8,294
1/100000 INSIGHT SEL INC	TAXABLE CEF	efh81w105	0	49,520	SH		OTR		0	0	49,520
BLACKROCK CORPORATE HIGH	TAXABLE CEF	09255p107	181	16,022	SH		SOLE		16,022	0	0
BLACKROCK CREDIT ALLOCAT	TAXABLE CEF	092508100	530	39,080	SH		SOLE		39,080	0	0
BLACKROCK CREDIT ALLOCAT	TAXABLE CEF	092508100	2	178	SH		OTR		0	0	178
BLACKROCK LIMITED DURATI	TAXABLE CEF	09249w101	165	10,212	SH		SOLE		10,212	0	0
BROOKFIELD REAL ASSETS I	TAXABLE CEF	112830104	361	15,195	SH		SOLE		15,195	0	0
CALAMOS CONVERTIBLE AND	TAXABLE CEF	12811p108	438	36,840	SH		SOLE		36,840	0	0
CALAMOS CONVERTIBLE AND	TAXABLE CEF	12811p108	43	3,625	SH		OTR		0	0	3,625
CALAMOS CONVERTIBLE OPPO	TAXABLE CEF	128117108	535	46,375	SH		SOLE		46,375	0	0
CALAMOS CONVERTIBLE OPPO	TAXABLE CEF	128117108	91	7,900	SH		OTR		0	0	7,900
DOUBLELINE INCOME SOLUTI	TAXABLE CEF	258622109	293	13,790	SH		SOLE		13,790	0	0
DOUBLELINE INCOME SOLUTI	TAXABLE CEF	258622109	494	23,250	SH		OTR		0	0	23,250
EATON VANCE LIMITED DURA	TAXABLE CEF	27828h105	85	6,089	SH		SOLE		3,855	0	2,234
EATON VANCE LIMITED DURA	TAXABLE CEF	27828h105	163	11,620	SH		OTR		0	0	11,620
FIRST TRUST INT DUR PRF	TAXABLE CEF	33718w103	343	13,868	SH		SOLE		13,868	0	0
IVY HIGH INCOME OPPORTUN	TAXABLE CEF	465893105	169	10,585	SH		SOLE		10,585	0	0
NUVEEN PREFERRED INCOME	TAXABLE CEF	67073b106	228	21,587	SH		SOLE		21,587	0	0
NUVEEN PREFERRED INCOME	TAXABLE CEF	67073b106	102	9,649	SH		OTR		0	0	9,649
NUVEEN QUALITY PREFERRED	TAXABLE CEF	67072c105	170	16,301	SH		SOLE		16,301	0	0
NUVEEN SENIOR INCOME CF	TAXABLE CEF	67067y104	67	10,000	SH		OTR		0	0	10,000
PIMCO CORPORATE OPPORTUN	TAXABLE CEF	72201b101	144	8,587	SH		SOLE		8,587	0	0
PIMCO CORPORATE OPPORTUN	TAXABLE CEF	72201b101	483	28,775	SH		OTR		0	0	28,775
PIMCO DYNMC CRDT AND MRT	TAXABLE CEF	72202d106	136	5,888	SH		SOLE		5,888	0	0
PIMCO DYNMC CRDT AND MRT	TAXABLE CEF	72202d106	311	13,500	SH		OTR		0	0	13,500
PIMCO INCOME OPPORTUNITY	TAXABLE CEF	72202b100	161	6,101	SH		SOLE		6,101	0	0
PIMCO INCOME OPPORTUNITY	TAXABLE CEF	72202b100	87	3,300	SH		OTR		0	0	3,300
PIMCO INCOME STRATEGY II	TAXABLE CEF	72201j104	173	16,144	SH		SOLE		16,144	0	0
PIMCO INCOME STRATEGY II	TAXABLE CEF	72201j104	30	2,833	SH		OTR		0	0	2,833
WELLS FARGO INCOME OPPOR	TAXABLE CEF	94987b105	168	19,197	SH		SOLE		11,300	0	7,897
WELLS FARGO INCOME OPPOR	TAXABLE CEF	94987b105	3	300	SH		OTR		0	0	300
WELLS FARGO MULTI SECTOR	TAXABLE CEF	94987d101	38	2,795	SH		SOLE		1,098	0	1,697
WELLS FARGO MULTI SECTOR	TAXABLE CEF	94987d101	105	7,844	SH		OTR		0	0	7,844
WESTERN ASST HIGH INCM I	TAXABLE CEF	95766j102	88	12,160	SH		SOLE		12,160	0	0
WESTRN ASST HIGH INCM OP	TAXABLE CEF	95766k109	76	14,810	SH		SOLE		14,810	0	0
BLACKROCK ENHANCED EQUIT	CEFS	09251a104	465	51,271	SH		OTR		0	0	51,271
BLACKROCK ENHANCED GLOBA	CEFS	092501105	54	4,000	SH		SOLE		4,000	0	0
BLACKROCK ENHANCED GLOBA	CEFS	092501105	1,246	91,873	SH		OTR		0	0	91,873
BLACKROCK ENHANCED INTER	CEFS	092524107	548	83,568	SH		OTR		0	0	83,568
BLACKROCK ENHCD CAPITL A	CEFS	09256a109	243	15,600	SH		SOLE		15,600	0	0
CLOUGH GLOBAL OPPORTUNIT	CEFS	18914e106	138	12,400	SH		OTR		0	0	12,400
COHEN MLP INCOME AND ENE	CEFS	19249b106	208	19,980	SH		SOLE		17,900	0	2,080
EATON VANCE RISK MAN DIV	CEFS	27829g106	107	11,350	SH		SOLE		11,350	0	0
EATON VANCE RISK MAN DIV	CEFS	27829g106	66	7,000	SH		OTR		0	0	7,000
EATON VNCE MGD GLBL BUY	CEFS	27829c105	274	23,100	SH		SOLE		23,100	0	0
FIDUCIARY/CLAYMORE MLP O	CEFS	31647q106	377	29,185	SH		SOLE		29,185	0	0
JOHN HANCOCK PREMIUM DIV	CEFS	41013t105	304	18,000	SH		SOLE		18,000	0	0
LIBERTY ALL STAR EQUITY	CEFS	530158104	238	39,462	SH		SOLE		39,462	0	0
LIBERTY ALL STAR EQUITY	CEFS	530158104	16	2,700	SH		OTR		0	0	2,700
MORGAN STANLEY ASIA PACI	CEFS	61744u106	603	35,000	SH		OTR		0	0	35,000
ROYCE VALUE CF	CEFS	780910105	166	10,500	SH		SOLE		10,500	0	0
CENTRAL FUND CDA CF	COMMOD TXBLE CEF	153501101	3,451	272,400	SH		OTR		0	0	272,400
SPROTT PHYSICAL GOLD ETV	COMMOD TXBLE CEF	85207h104	829	79,394	SH		OTR		0	0	79,394
VANECK VECTORS HIGH YIELD MUN	ETF	92189f361	252	8,050	SH		SOLE		8,050	0	0
VANECK VECTORS RUSSIA ETF	ETFS	92189f403	2,655	119,119	SH		OTR		0	0	119,119
ISHARES GOLD ETF	ETF	464285105	52	4,244	SH		SOLE		4,244	0	0
ISHARES GOLD ETF	ETF	464285105	185	15,000	SH		OTR		0	0	15,000
ISHARES SILVER TRUST ETF	ETF	46428q109	13	840	SH		SOLE		840	0	0
ISHARES SILVER TRUST ETF	ETF	46428q109	161	10,255	SH		OTR		0	0	10,255
PROSHARES ULTRA SILVER ETF	ETF	74347w353	43	1,300	SH		SOLE		1,300	0	0
PROSHARES ULTRA SILVER ETF	ETF	74347w353	166	5,000	SH		OTR		0	0	5,000
SPDR GOLD SHARES ETF	ETF	78463v107	316	2,596	SH		SOLE		2,596	0	0
SPDR GOLD SHARES ETF	ETF	78463v107	222	1,825	SH		OTR		0	0	1,825
EATON VANCE TAX ADVANTAG	CEFS	27828g107	1,173	53,023	SH		SOLE		51,223	0	1,800
EATON VANCE TAX ADVANTAG	CEFS	27828g107	244	11,005	SH		OTR		1,800	0	11,005
EATON VANCE TX ADVNT GLB	CEFS	27828u106	579	23,545	SH		SOLE		23,545	0	0
EATON VANCE TX ADVNT GLB	CEFS	27828u106	284	11,545	SH		OTR		0	0	11,545
GABELLI EQUITY CF	CEFS	362397101	798	122,783	SH		SOLE		122,783	0	0
GABELLI EQUITY CF	CEFS	362397101	1,016	156,308	SH		OTR		0	0	156,308
NUVEEN TAX ADVNTGD DIVDN	CEFS	67073g105	252	14,970	SH		SOLE		14,970	0	0
Q L T INC WTS F WARRANTS EXP U	WT	746992171	0	30,000	SH		OTR		0	0	30,000
Q L T INC WTS F WARRANTS EXP U	WT	746992189	0	30,000	SH		OTR		0	0	30,000
ALTAIR - CLO EQUITY FUND	ETF	000000000	75	79,176	SH		OTR		0	0	79,176
ALTAIR - DIRECT LENDINGFUND LL	ETF	zzc99d246	154	118,049	SH		OTR		0	0	118,049
ALTAIR - GOLUB CAPITAL VIIILP	ETF	92299q117	222	221,387	SH		OTR		0	0	221,387
ALTAIR - PACIFIC COAST CAP PTN	ETF	92299r115	114	94,410	SH		OTR		0	0	94,410
ALTAIR - PACIFIC COAST CAP PTN	ETF	92299r115	114	94,410	SH		OTR		0	0	94,410
ALTAIR - SECONDARIES FUND	ETF	000000000	43	25,743	SH		OTR		0	0	25,743
ALTAIR - SENIOR HOUSING FUND I	ETF	021LU1558	73	74,744	SH		OTR		0	0	74,744
ALTAIR - SPECIAL OPPORTUNITY	ETF	zzc99d246	109	93,587	SH		OTR		0	0	93,587
ALTAIR - SPECIAL OPPORTUNITY	ETF	zzc99d246	273	233,968	SH		OTR		0	0	233,968
ISHARES COHEN AND STEERS REIT	ETF	464287564	2,371	23,552	SH		SOLE		23,180	0	372
ISHARES COHEN AND STEERS REIT	ETF	464287564	132	1,311	SH		OTR		0	0	1,311
ISHARES US REAL ESTATE ETF	ETF	464287739	399	5,000	SH		SOLE		5,000	0	0
VANGUARD REIT ETF	ETF	922908553	1,616	19,449	SH		SOLE		19,129	0	320
VANGUARD REIT ETF	ETF	922908553	62	750	SH		OTR		0	0	750