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	2,678	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	149	634	SH		SOLE		634	0	0
3M COMPANY	COM	88579y101	153	650	SH		OTR		0	0	650
ABBOTT LABORATORIES	COM	002824100	76	1,330	SH		SOLE		1,330	0	0
ABBOTT LABORATORIES	COM	002824100	340	5,956	SH		OTR		0	0	5,956
ABBVIE INC	COM	00287y109	231	2,391	SH		SOLE		2,391	0	0
ABBVIE INC	COM	00287y109	93	963	SH		OTR		0	0	963
ACADIA PHARMACEUTL	COM	004225108	211	7,000	SH		SOLE		7,000	0	0
ACADIA PHARMACEUTL	COM	004225108	30	985	SH		OTR		0	0	985
AIA GROUP LTD ORDF	COM	y002a1105	152	17,800	SH		SOLE		17,800	0	0
ALACER GOLD CORP F	COM	010679108	195	109,650	SH		SOLE		109,650	0	0
ALACER GOLD CORP F	COM	010679108	520	293,410	SH		OTR		0	0	293,410
ALCOA CORP	COM	013872106	239	4,444	SH		OTR		0	0	4,444
ALPHABET INC. CLASS A	COM	02079k305	692	657	SH		SOLE		657	0	0
ALPHABET INC. CLASS A	COM	02079k305	335	318	SH		OTR		0	0	318
ALPHABET INC. CLASS C	COM	02079k107	1,256	1,200	SH		SOLE		1,200	0	0
ALPHABET INC. CLASS C	COM	02079k107	294	281	SH		OTR		0	0	281
ALTABA INCORPORATED	COM	021346101	513	7,343	SH		SOLE		7,343	0	0
ALTRIA GROUP INC	COM	02209s103	685	9,594	SH		SOLE		9,594	0	0
ALTRIA GROUP INC	COM	02209s103	967	13,536	SH		OTR		0	0	13,536
AMAZON COM INC	COM	023135106	1,702	1,455	SH		SOLE		1,445	0	10
AMAZON COM INC	COM	023135106	8,412	7,193	SH		OTR		0	0	7,193
AMERICAN INTL GROUP	COM	026874784	249	4,183	SH		SOLE		4,183	0	0
AMERICAN INTL GROUP	COM	026874784	0	1	SH		OTR		0	0	1
AMGEN INC.	COM	031162100	579	3,332	SH		SOLE		3,332	0	0
AMGEN INC.	COM	031162100	104	596	SH		OTR		0	0	596
ANTHEM INC	COM	036752103	329	1,463	SH		OTR		0	0	1,463
APPLE INC	COM	037833100	2,911	17,201	SH		SOLE		17,101	0	100
APPLE INC	COM	037833100	1,662	9,820	SH		OTR		0	0	9,820
ARCONIC INC	COM	03965l100	0	1	SH		SOLE		1	0	0
ARCONIC INC	COM	03965l100	363	13,333	SH		OTR		0	0	13,333
ARRAY BIOPHARMA INC	COM	04269x105	1,811	141,470	SH		OTR		0	0	141,470
ARTPRICE.COM ORDF	COM	f0405c108	566	28,000	SH		OTR		0	0	28,000
ATOMERA INCORPORATED	COM	04965b100	3,233	746,761	SH		SOLE		0	0	154,046
ATOMERA INCORPORATED	COM	04965b100	57	13,279	SH		OTR		0	0	13,279
AUTOZONE INC	COM	053332102	5	7	SH		SOLE		5	0	2
AUTOZONE INC	COM	053332102	797	1,121	SH		OTR		0	0	1,121
BANK OF AMERICA CORP	COM	060505104	3,380	114,515	SH		SOLE		114,515	0	0
BANK OF AMERICA CORP	COM	060505104	1,085	36,758	SH		OTR		0	0	36,758
BANK OF CHINA LTD ORDF	COM	y0698a107	16	32,200	SH		SOLE		32,200	0	0
BARRICK GOLD CORP F	COM	067901108	948	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	1,057	5,330	SH		SOLE		5,300	0	30
BERKSHIRE HATHAWAY B NEW CLASS	COM	084670702	37,343	188,390	SH		OTR		0	0	188,390
BERKSHIRE HATHAWAY CLASS B	COM	084670702	740	3,734	SH		SOLE		3,734	0	0
BERKSHIRE HATHAWAY CLASS B	COM	084670702	146	737	SH		OTR		0	0	737
BILLABONG INTL NEW ORD F	COM	q1502g206	13	16,840	SH		OTR		0	0	16,840
BLACK KNIGHT INC	COM	09215c105	5,335	120,829	SH		OTR		0	0	120,829
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	218	740	SH		SOLE		740	0	0
BOEING CO	COM	097023105	88	299	SH		OTR		0	0	299
BOOZ ALLEN HAMILTON CLASS A	COM	099502106	232	6,085	SH		OTR		0	0	6,085
BRISTOL-MYERS SQUIBB	COM	110122108	555	9,053	SH		SOLE		9,053	0	0
BRISTOL-MYERS SQUIBB	COM	110122108	0	0	SH		OTR		0	0	0
BROADCOM LTD F	COM	y09827109	213	829	SH		SOLE		829	0	0
BROADCOM LTD F	COM	y09827109	116	450	SH		OTR		0	0	450
Bionovo Inc.	COM	000000000	0	10,000	SH		OTR		0	0	10,000
CAMECO CORPORATION F	COM	13321l108	272	29,500	SH		OTR		0	0	29,500
CANNAE HOLDINGS INC	COM	13765n107	1,891	111,033	SH		OTR		0	0	111,033
CANOPUS BIOPHARMA INC	COM	138034103	18	80,000	SH		OTR		0	0	80,000
CBS CORP CLASS B	COM	124857202	515	8,730	SH		SOLE		8,730	0	0
CHESAPEAKE ENERGY CO	COM	165167107	59	14,790	SH		OTR		0	0	14,790
CHEVRON CORPORATION	COM	166764100	342	2,735	SH		SOLE		2,735	0	0
CHEVRON CORPORATION	COM	166764100	60	477	SH		OTR		0	0	477
CISCO SYSTEMS INC	COM	17275r102	3,421	89,321	SH		SOLE		87,609	0	1,712
CISCO SYSTEMS INC	COM	17275r102	509	13,296	SH		OTR		0	0	13,296
CIT GROUP INC	COM	125581801	478	9,700	SH		SOLE		9,700	0	0
CITIGROUP INC	COM	172967424	862	11,581	SH		SOLE		11,581	0	0
CITIGROUP INC	COM	172967424	2,250	30,232	SH		OTR		0	0	30,232
COCA COLA COMPANY	COM	191216100	2,531	55,162	SH		SOLE		54,737	0	425
COCA COLA COMPANY	COM	191216100	219	4,779	SH		OTR		0	0	4,779
COLONY NORTHSTAR INC	COM	19625w104	365	32,000	SH		SOLE		32,000	0	0
COLONY NORTHSTAR INC	COM	19625w104	606	53,125	SH		OTR		0	0	53,125
COMCAST CORPORATION CLASS A	COM	20030n101	187	4,678	SH		SOLE		4,678	0	0
COMCAST CORPORATION CLASS A	COM	20030n101	100	2,504	SH		OTR		0	0	2,504
COSTCO WHOLESALE CO	COM	22160k105	215	1,153	SH		SOLE		1,153	0	0
COSTCO WHOLESALE CO	COM	22160k105	1,184	6,362	SH		OTR		0	0	6,362
CYBERARK SOFTWRE LTD F	COM	m2682v108	228	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	303	5,941	SH		OTR		0	0	5,941
DHT MARITIME HLD INC F	COM	y2065g121	162	45,000	SH		OTR		0	0	45,000
ELI LILLY & COMPANY	COM	532457108	511	6,051	SH		SOLE		6,051	0	0
ELI LILLY & COMPANY	COM	532457108	0	0	SH		OTR		0	0	0
EMERALD HEALTH F	COM	29102r106	86	20,000	SH		OTR		0	0	20,000
EMERSON ELECTRIC CO	COM	291011104	841	12,064	SH		SOLE		12,064	0	0
EMERSON ELECTRIC CO	COM	291011104	14	203	SH		OTR		0	0	203
EXXON MOBIL CORP	COM	30231g102	532	6,355	SH		SOLE		6,355	0	0
EXXON MOBIL CORP	COM	30231g102	45	535	SH		OTR		0	0	535
FACEBOOK INC CLASS A	COM	30303m102	614	3,477	SH		SOLE		3,477	0	0
FACEBOOK INC CLASS A	COM	30303m102	955	5,414	SH		OTR		0	0	5,414
FIDELITY NATL FINL	COM	31620r303	12,744	324,775	SH		OTR		0	0	324,775
FIDELITY NATL INFO	COM	31620m106	10,487	111,455	SH		OTR		0	0	111,455
FIRST FOUNDATION INC COMUSD0.0	COM	32026v104	240	12,925	SH		OTR		0	0	12,925
FIRST PACIFIC COMP ORDF	COM	g34804107	1	1,170	SH		SOLE		0	0	1,170
FIRST PACIFIC COMP ORDF	COM	g34804107	13	19,700	SH		OTR		0	0	19,700
FIRST REP BK SAN FRANCISCOCAL	COM	33616c100	368	4,250	SH		OTR		0	0	4,250
FORD MOTOR COMPANY	COM	345370860	62	5,000	SH		SOLE		5,000	0	0
FORD MOTOR COMPANY	COM	345370860	722	57,800	SH		OTR		0	0	57,800
FREEPORT MCMORAN INC	COM	35671d857	47	2,475	SH		SOLE		2,475	0	0
FREEPORT MCMORAN INC	COM	35671d857	555	29,250	SH		OTR		0	0	29,250
Fairmount Healthcare Fund LP	COM	000000000	392	375,000	SH		OTR		0	0	375,000
GENERAL ELECTRIC CO	COM	369604103	665	38,086	SH		SOLE		36,247	0	1,839
GENERAL ELECTRIC CO	COM	369604103	1,452	83,189	SH		OTR		0	0	83,189
GENERAL MOTORS CO	COM	37045v100	0	11	SH		SOLE		11	0	0
GENERAL MOTORS CO	COM	37045v100	238	5,816	SH		OTR		0	0	5,816
GENTEX CORP	COM	371901109	220	10,519	SH		OTR		0	0	10,519
GILEAD SCIENCES INC	COM	375558103	169	2,358	SH		SOLE		2,358	0	0
GILEAD SCIENCES INC	COM	375558103	62	865	SH		OTR		0	0	865
GOLDEN STAR RES LTD F	COM	38119t104	267	300,000	SH		OTR		0	0	300,000
GOLDMAN SACHS GROUP	COM	38141g104	355	1,394	SH		SOLE		1,394	0	0
GOLDMAN SACHS GROUP	COM	38141g104	124	488	SH		OTR		0	0	488
HAIN CELESTIAL GROUP	COM	405217100	424	10,000	SH		SOLE		10,000	0	0
HAIN CELESTIAL GROUP	COM	405217100	382	9,000	SH		OTR		0	0	9,000
HENRY JACK & ASSOC	COM	426281101	276	2,358	SH		SOLE		2,358	0	0
HENRY JACK & ASSOC	COM	426281101	220	1,877	SH		OTR		0	0	1,877
HILTON WORLDWIDE HLD	COM	43300a203	886	11,099	SH		OTR		0	0	11,099
HOME DEPOT INC	COM	437076102	327	1,724	SH		SOLE		1,724	0	0
HOME DEPOT INC	COM	437076102	311	1,642	SH		OTR		0	0	1,642
I C U MEDICAL INC	COM	44930g107	243	1,125	SH		OTR		0	0	1,125
IDENTIVE INC	COM	45170x205	107	32,105	SH		OTR		0	0	32,105
IDERA PHARMA	COM	45168k306	48	22,570	SH		SOLE		22,570	0	0
IDERA PHARMA	COM	45168k306	317	150,000	SH		OTR		0	0	150,000
INTEL CORPORATION	COM	458140100	3,621	78,448	SH		SOLE		76,904	0	1,544
INTEL CORPORATION	COM	458140100	2,798	60,624	SH		OTR		0	0	60,624
INTERNATIONAL PAPER	COM	460146103	811	14,000	SH		OTR		0	0	14,000
INTUITIVE SURGICAL	COM	46120e602	630	1,725	SH		SOLE		1,725	0	0
J ALEXANDERS HOLDING CLASS A	COM	46609j106	958	98,772	SH		OTR		0	0	98,772
JAMBA INC	COM	47023a309	89	11,100	SH		OTR		0	0	11,100
JOHNSON & JOHNSON	COM	478160104	247	1,768	SH		SOLE		1,768	0	0
JOHNSON & JOHNSON	COM	478160104	721	5,163	SH		OTR		0	0	5,163
JPMORGAN CHASE & CO	COM	46625h100	1,201	11,235	SH		SOLE		11,170	0	65
JPMORGAN CHASE & CO	COM	46625h100	692	6,467	SH		OTR		0	0	6,467
LANNETT INC	COM	516012101	360	15,500	SH		OTR		0	0	15,500
LIGHTWAVE LOGIC INC	COM	532275104	11	10,000	SH		OTR		0	0	10,000
MANULIFE FINANCIAL F	COM	56501r106	305	14,608	SH		SOLE		14,608	0	0
MANULIFE FINANCIAL F	COM	56501r106	1,172	56,178	SH		OTR		0	0	56,178
MERCK & CO INC	COM	58933y105	114	2,019	SH		SOLE		1,999	0	20
MERCK & CO INC	COM	58933y105	552	9,818	SH		OTR		0	0	9,818
MERIDIAN BIOSCIENCE	COM	589584101	76	5,400	SH		SOLE		5,400	0	0
MERIDIAN BIOSCIENCE	COM	589584101	420	30,000	SH		OTR		0	0	30,000
MICROSOFT CORP	COM	594918104	510	5,967	SH		SOLE		5,967	0	0
MICROSOFT CORP	COM	594918104	4,463	52,176	SH		OTR		0	0	52,176
MOTOROLA SOLUTIONS	COM	620076307	258	2,857	SH		OTR		0	0	2,857
N V R INC	COM	62944t105	340	97	SH		OTR		0	0	97
NEW GOLD INC COM	COM	644535106	33	10,000	SH		OTR		0	0	10,000
NEXTERA ENERGY INC	COM	65339f101	68	436	SH		SOLE		436	0	0
NEXTERA ENERGY INC	COM	65339f101	204	1,308	SH		OTR		0	0	1,308
NORTHERN TRUST CORP	COM	665859104	210	2,106	SH		OTR		0	0	2,106
NVIDIA CORP	COM	67066g104	61	317	SH		SOLE		317	0	0
NVIDIA CORP	COM	67066g104	145	747	SH		OTR		0	0	747
OCCIDENTAL PETE CORP	COM	674599105	442	6,000	SH		SOLE		6,000	0	0
OPKO HEALTH INC	COM	68375n103	221	45,000	SH		OTR		0	0	45,000
ORACLE CORPORATION	COM	68389x105	891	18,850	SH		SOLE		18,221	0	629
ORACLE CORPORATION	COM	68389x105	2,186	46,238	SH		OTR		0	0	46,238
P G & E CORP	COM	69331c108	448	10,000	SH		OTR		0	0	10,000
PACWEST BANCORP	COM	695263103	1,731	34,339	SH		SOLE		34,339	0	0
PACWEST BANCORP	COM	695263103	25	503	SH		OTR		0	0	503
PARK HOTELS & RESORT	COM	700517105	207	7,205	SH		OTR		0	0	7,205
PAYCHEX INC	COM	704326107	53	784	SH		SOLE		784	0	0
PAYCHEX INC	COM	704326107	187	2,741	SH		OTR		0	0	2,741
PEPSICO INCORPORATED	COM	713448108	407	3,391	SH		SOLE		3,391	0	0
PEPSICO INCORPORATED	COM	713448108	55	455	SH		OTR		0	0	455
PFIZER INCORPORATED	COM	717081103	3,505	96,772	SH		SOLE		95,589	0	1,183
PFIZER INCORPORATED	COM	717081103	383	10,563	SH		OTR		500	0	10,563
PHILIP MORRIS INTL	COM	718172109	643	6,087	SH		SOLE		6,087	0	0
PHILIP MORRIS INTL	COM	718172109	9,825	92,997	SH		OTR		0	0	92,997
PRICELINE GROUP	COM	741503403	349	201	SH		SOLE		201	0	0
PROCTER & GAMBLE	COM	742718109	545	5,937	SH		SOLE		5,937	0	0
PROCTER & GAMBLE	COM	742718109	1,479	16,092	SH		OTR		0	0	16,092
PURATION INC	COM	74609p104	4	50,000	SH		OTR		0	0	50,000
QUALCOMM INC	COM	747525103	259	4,040	SH		SOLE		3,796	0	244
QUALCOMM INC	COM	747525103	12	194	SH		OTR		0	0	194
RENT A CENTER INC	COM	76009n100	364	32,800	SH		SOLE		32,800	0	0
RENT A CENTER INC	COM	76009n100	500	45,000	SH		OTR		0	0	45,000
SALESFORCE COM	COM	79466l302	857	8,383	SH		SOLE		8,383	0	0
SALESFORCE COM	COM	79466l302	20	191	SH		OTR		0	0	191
SANUWAVE HEALTH INC	COM	80303d107	160	660,000	SH		OTR		0	0	660,000
SCHLUMBERGER LTD F	COM	806857108	298	4,425	SH		SOLE		4,425	0	0
SCHLUMBERGER LTD F	COM	806857108	47	704	SH		OTR		0	0	704
SIRIUS XM RADIO INC	COM	82968b103	56	10,525	SH		SOLE		10,525	0	0
SKYWORKS SOLUTIONS	COM	83088m102	218	2,300	SH		SOLE		2,300	0	0
SOUTHWEST AIRLINES	COM	844741108	241	3,678	SH		SOLE		3,678	0	0
STARBUCKS CORP	COM	855244109	988	17,206	SH		SOLE		17,206	0	0
STARBUCKS CORP	COM	855244109	20	352	SH		OTR		0	0	352
SUNOPTA INC F	COM	8676ep108	85	11,000	SH		SOLE		11,000	0	0
SUNOPTA INC F	COM	8676ep108	47	6,000	SH		OTR		0	0	6,000
TABLEAU SOFTWARE INC CLASS A	COM	87336u105	1,473	21,285	SH		SOLE		21,285	0	0
TABLEAU SOFTWARE INC CLASS A	COM	87336u105	43	628	SH		OTR		0	0	628
TARGET CORPORATION	COM	87612e106	33	510	SH		SOLE		510	0	0
TARGET CORPORATION	COM	87612e106	1,168	17,900	SH		OTR		0	0	17,900
TESCO PLC PLACEHOLDR XXX CLASS	COM	000000000	0	22,500	SH		OTR		0	0	22,500
TEXAS INSTRUMENTS	COM	882508104	164	1,572	SH		SOLE		1,572	0	0
TEXAS INSTRUMENTS	COM	882508104	254	2,428	SH		OTR		0	0	2,428
TG THERAPEUTICS INC	COM	88322q108	82	10,000	SH		SOLE		10,000	0	0
TG THERAPEUTICS INC	COM	88322q108	16	2,000	SH		OTR		0	0	2,000
TIVO CORPORATION	COM	88870p106	172	11,000	SH		SOLE		11,000	0	0
TIVO CORPORATION	COM	88870p106	62	4,000	SH		OTR		0	0	4,000
TOLL BROTHERS INC	COM	889478103	240	5,000	SH		OTR		0	0	5,000
TRIPADVISOR INC	COM	896945201	482	14,000	SH		SOLE		14,000	0	0
TYSON FOODS INC CLASS A	COM	902494103	811	10,000	SH		OTR		0	0	10,000
U S BANCORP	COM	902973304	66	1,231	SH		SOLE		1,231	0	0
U S BANCORP	COM	902973304	6,698	125,000	SH		OTR		0	0	125,000
UNITED PARCEL SRVC CLASS B	COM	911312106	11,328	95,072	SH		SOLE		95,072	0	0
UNITED PARCEL SRVC CLASS B	COM	911312106	23,013	193,141	SH		OTR		0	0	193,141
UNITED RENTALS INC	COM	911363109	254	1,480	SH		SOLE		1,480	0	0
UNITEDHEALTH GRP INC	COM	91324p102	224	1,016	SH		SOLE		1,016	0	0
UNITEDHEALTH GRP INC	COM	91324p102	3	12	SH		OTR		0	0	12
UNIVERSAL HLTH SVCS CLASS B	COM	913903100	264	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	35	25,050	SH		OTR		0	0	25,050
VALERO ENERGY CORP	COM	91913y100	195	2,118	SH		SOLE		2,050	0	68
VALERO ENERGY CORP	COM	91913y100	171	1,860	SH		OTR		0	0	1,860
VASCO DATA SECURITY	COM	92230y104	278	20,000	SH		OTR		0	0	20,000
VERIZON COMMUNICATN	COM	92343v104	67	1,265	SH		SOLE		1,135	0	130
VERIZON COMMUNICATN	COM	92343v104	499	9,425	SH		OTR		0	0	9,425
VISA INC CLASS A	COM	92826c839	1,094	9,596	SH		SOLE		9,596	0	0
VISA INC CLASS A	COM	92826c839	513	4,500	SH		OTR		0	0	4,500
VISTA GOLD CORP F	COM	927926303	21	30,000	SH		SOLE		30,000	0	0
WAL-MART STORES INC	COM	931142103	62	630	SH		SOLE		630	0	0
WAL-MART STORES INC	COM	931142103	445	4,506	SH		OTR		0	0	4,506
WALT DISNEY CO	COM	254687106	470	4,369	SH		SOLE		4,369	0	0
WALT DISNEY CO	COM	254687106	37	341	SH		OTR		0	0	341
WELLS FARGO BK N A	COM	949746101	853	14,058	SH		SOLE		14,058	0	0
WELLS FARGO BK N A	COM	949746101	253	4,178	SH		OTR		0	0	4,178
WILLIAMS COMPANIES	COM	969457100	9	282	SH		SOLE		282	0	0
WILLIAMS COMPANIES	COM	969457100	1,259	41,290	SH		OTR		0	0	41,290
WORKHORSE GROUP INC	COM	98138j206	26	10,000	SH		OTR		0	0	10,000
XILINX INC	COM	983919101	552	8,182	SH		SOLE		8,182	0	0
XILINX INC	COM	983919101	165	2,442	SH		OTR		0	0	2,442
AEGON N V F SPONSORED ADR 1 AD	ADR	007924103	4	575	SH		SOLE		0	0	575
AEGON N V F SPONSORED ADR 1 AD	ADR	007924103	180	28,500	SH		OTR		0	0	28,500
ALLIANZ SE F SPONSORED ADR 1 A	ADR	018805101	155	6,757	SH		SOLE		6,757	0	0
ALLIANZ SE F SPONSORED ADR 1 A	ADR	018805101	689	30,000	SH		OTR		0	0	30,000
BAIDU INC F SPONSORED ADR 1 AD	ADR	056752108	388	1,658	SH		SOLE		1,658	0	0
BAIDU INC F SPONSORED ADR 1 AD	ADR	056752108	50	212	SH		OTR		0	0	212
BAYER AG F SPONSORED ADR 1 ADR	ADR	072730302	746	24,000	SH		OTR		0	0	24,000
BP PLC F SPONSORED ADR 1 ADR R	ADR	055622104	444	10,556	SH		SOLE		10,556	0	0
BP PLC F SPONSORED ADR 1 ADR R	ADR	055622104	291	6,930	SH		OTR		0	0	6,930
C K HUTCHISON HOLDIN F SPONSOR	ADR	12562y100	140	11,145	SH		SOLE		11,145	0	0
C K HUTCHISON HOLDIN F SPONSOR	ADR	12562y100	19	1,475	SH		OTR		0	0	1,475
DEUTSCHE TELEKOM AG F SPONSORE	ADR	251566105	60	3,411	SH		SOLE		3,411	0	0
DEUTSCHE TELEKOM AG F SPONSORE	ADR	251566105	433	24,500	SH		OTR		0	0	24,500
ENEL SOCIETA PER AZIONI ADR	ADR	29265W207	108	17,673	SH		SOLE		17,673	0	0
KINGFISHER ADR	ADR	495724403	111	11,762	SH		SOLE		11,762	0	0
LLOYDS BANKING GROUP PLC ADR	ADR	539439109	166	44,396	SH		SOLE		44,396	0	0
PORSCHE AUTOMOBIL HO F SPONSOR	ADR	73328p106	773	92,700	SH		OTR		0	0	92,700
SIEMENS A G F SPONSORED ADR 1	ADR	826197501	970	14,000	SH		OTR		0	0	14,000
TAIWAN SEMICONDUCTR F SPONSORE	ADR	874039100	261	6,578	SH		SOLE		6,578	0	0
TAIWAN SEMICONDUCTR F SPONSORE	ADR	874039100	11,895	300,000	SH		OTR		0	0	300,000
TESCO PLC SPONS ADR	ADR	881575302	124	14,562	SH		SOLE		14,162	0	400
TESCO PLC SPONS ADR	ADR	881575302	4	525	SH		OTR		0	0	525
ALPS ALERIAN MLP ETF	INDEX CEF	00162q866	340	31,505	SH		SOLE		31,505	0	0
ALPS ALERIAN MLP ETF	INDEX CEF	00162q866	14	1,299	SH		OTR		0	0	1,299
DIREXION DAILY S&P 500 BULL 3X	INDEX CEF	25459w862	222	5,000	SH		SOLE		5,000	0	0
ENERGY SELECT SECTOR SPDR ETF	INDEX CEF	81369y506	518	7,165	SH		SOLE		7,165	0	0
ENERGY SELECT SECTOR SPDR ETF	INDEX CEF	81369y506	306	4,237	SH		OTR		0	0	4,237
GLOBAL X MSCI GREECE ETF	INDEX CEF	37950e366	20	1,900	SH		SOLE		1,900	0	0
GLOBAL X MSCI GREECE ETF	INDEX CEF	37950e366	629	61,210	SH		OTR		0	0	61,210
IQ HEDGE MULTI-STRATEGY TRACKE	INDEX CEF	45409b107	511	16,794	SH		SOLE		16,794	0	0
IQ HEDGE MULTI-STRATEGY TRACKE	INDEX CEF	45409b107	83	2,728	SH		OTR		0	0	2,728
ISHARES CORE MSCI EMERGING ETF	INDEX CEF	46434g103	2,282	40,102	SH		SOLE		40,102	0	0
ISHARES CORE MSCI EMERGING ETF	INDEX CEF	46434g103	59	1,041	SH		OTR		0	0	1,041
ISHARES CORE S&P 500 ETF	INDEX CEF	464287200	9,924	36,913	SH		SOLE		18,550	0	18,363
ISHARES CORE S&P SMALL CAP ETF	INDEX CEF	464287804	7,627	99,301	SH		SOLE		98,643	0	658
ISHARES CORE S&P SMALL CAP ETF	INDEX CEF	464287804	1,326	17,257	SH		OTR		0	0	17,257
ISHARES CORE S&P US GROWTH ETF	INDEX CEF	464287671	7,133	132,666	SH		SOLE		79,744	0	52,922
ISHARES CORE S&P US GROWTH ETF	INDEX CEF	464287671	698	12,980	SH		OTR		0	0	12,980
ISHARES MSCI BRAZIL ETF	INDEX CEF	464286400	485	12,000	SH		SOLE		12,000	0	0
ISHARES MSCI BRAZIL ETF	INDEX CEF	464286400	809	20,000	SH		OTR		0	0	20,000
ISHARES MSCI EAFE ETF	INDEX CEF	464287465	1,767	25,130	SH		SOLE		13,929	0	11,201
ISHARES MSCI EAFE ETF	INDEX CEF	464287465	1,468	20,877	SH		OTR		0	0	20,877
ISHARES MSCI EMERGING MARKETS	INDEX CEF	464287234	222	4,712	SH		OTR		0	0	4,712
ISHARES MSCI EUROZONE ETF	INDEX CEF	464286608	11,620	267,861	SH		SOLE		266,485	0	1,376
ISHARES MSCI EUROZONE ETF	INDEX CEF	464286608	3,094	71,320	SH		OTR		0	0	71,320
ISHARES MSCI GERMANY ETF	INDEX CEF	464286806	7,396	224,000	SH		OTR		0	0	224,000
ISHARES MSCI ITALY CAPPED ETF	INDEX CEF	46434g830	118	3,873	SH		SOLE		3,873	0	0
ISHARES MSCI ITALY CAPPED ETF	INDEX CEF	46434g830	309	10,150	SH		OTR		0	0	10,150
ISHARES MSCI TURKEY ETF	INDEX CEF	464286715	739	17,000	SH		OTR		0	0	17,000
ISHARES RUSSELL 1000 ETF	INDEX CEF	464287622	3,170	21,334	SH		OTR		0	0	21,334
ISHARES RUSSELL 1000 GROWTH ET	INDEX CEF	464287614	88	650	SH		SOLE		650	0	0
ISHARES RUSSELL 1000 GROWTH ET	INDEX CEF	464287614	3,589	26,649	SH		OTR		0	0	26,649
ISHARES RUSSELL 2000 ETF	INDEX CEF	464287655	1,095	7,180	SH		SOLE		7,180	0	0
ISHARES RUSSELL 2000 ETF	INDEX CEF	464287655	335	2,200	SH		OTR		0	0	2,200
ISHARES RUSSELL 2000 GROWTH ET	INDEX CEF	464287648	567	3,035	SH		OTR		0	0	3,035
ISHARES RUSSELL 3000 ETF	INDEX CEF	464287689	1,037	6,558	SH		OTR		0	0	6,558
ISHARES RUSSELL MID CAP ETF	INDEX CEF	464287499	2,124	10,206	SH		SOLE		5,103	0	5,103
ISHARES RUSSELL MID CAP ETF	INDEX CEF	464287499	291	1,400	SH		OTR		0	0	1,400
ISHARES RUSSELL MID CAP GROWTH	INDEX CEF	464287481	197	1,637	SH		SOLE		1,637	0	0
ISHARES RUSSELL MID CAP GROWTH	INDEX CEF	464287481	20	162	SH		OTR		0	0	162
ISHARES S&P 100 ETF	INDEX CEF	464287101	2,986	25,169	SH		OTR		0	0	25,169
ISHARES S&P 500 GROWTH ETF	INDEX CEF	464287309	271	1,775	SH		SOLE		1,775	0	0
ISHARES S&P 500 GROWTH ETF	INDEX CEF	464287309	70	460	SH		OTR		0	0	460
ISHARES SELECT DIVIDEND ETF IV	INDEX CEF	464287168	1,886	19,132	SH		SOLE		9,566	0	9,566
ISHARES SELECT DIVIDEND ETF IV	INDEX CEF	464287168	39	396	SH		OTR		0	0	396
POWERSHARES QQQ TRUST SRS 1 ET	INDEX CEF	73935a104	57,212	367,307	SH		SOLE		359,514	0	7,793
POWERSHARES QQQ TRUST SRS 1 ET	INDEX CEF	73935a104	6,081	39,044	SH		OTR		0	0	39,044
POWERSHARES S&P 500 LOW VOLAT	INDEX CEF	73937b779	12,685	265,718	SH		SOLE		261,157	0	4,561
POWERSHARES S&P 500 LOW VOLAT	INDEX CEF	73937b779	880	18,436	SH		OTR		0	0	18,436
PROSHARES ULTRASHORT FTSE EURO	INDEX CEF	74348a434	682	22,000	SH		OTR		0	0	22,000
SCHWAB INTERNATIONAL EQUITY ET	INDEX CEF	808524805	290	8,499	SH		SOLE		8,499	0	0
SCHWAB INTERNATIONAL EQUITY ET	INDEX CEF	808524805	2	45	SH		OTR		0	0	45
SCHWAB US BROAD MARKET ETF	INDEX CEF	808524102	1,129	17,505	SH		SOLE		17,505	0	0
SCHWAB US BROAD MARKET ETF	INDEX CEF	808524102	101	1,570	SH		OTR		0	0	1,570
SCHWAB US LARGE CAP ETF	INDEX CEF	808524201	1,157	18,137	SH		SOLE		18,137	0	0
SCHWAB US LARGE CAP ETF	INDEX CEF	808524201	84	1,324	SH		OTR		0	0	1,324
SELECT SECTOR HEALTH CARE SPDR	INDEX CEF	81369y209	14,622	176,856	SH		SOLE		173,385	0	3,471
SELECT SECTOR HEALTH CARE SPDR	INDEX CEF	81369y209	1,215	14,700	SH		OTR		0	0	14,700
SELECT SECTOR UTI SELECT SPDR	INDEX CEF	81369y886	1,117	21,206	SH		SOLE		21,206	0	0
SELECT STR FINANCIAL SELECT SP	INDEX CEF	81369y605	7,998	286,568	SH		SOLE		284,750	0	1,818
SELECT STR FINANCIAL SELECT SP	INDEX CEF	81369y605	1,005	35,993	SH		OTR		0	0	35,993
SPDR EURO STOXX 50 ETF	INDEX CEF	78463x202	1,058	26,000	SH		OTR		0	0	26,000
SPDR FUND CONSUMER DISCRE SELE	INDEX CEF	81369y407	359	3,637	SH		SOLE		3,637	0	0
SPDR FUND CONSUMER DISCRE SELE	INDEX CEF	81369y407	30	300	SH		OTR		0	0	300
SPDR S&P 500 ETF	INDEX CEF	78462f103	102,833	385,344	SH		SOLE		381,332	0	4,012
SPDR S&P 500 ETF	INDEX CEF	78462f103	13,156	49,298	SH		OTR		0	0	49,298
SPDR S&P DIVIDEND ETF	INDEX CEF	78464a763	3,305	34,976	SH		SOLE		34,884	0	92
SPDR S&P DIVIDEND ETF	INDEX CEF	78464a763	890	9,417	SH		OTR		0	0	9,417
SPDR S&P TRANSPORTATION ETF	INDEX CEF	78464a532	1,263	19,390	SH		SOLE		19,390	0	0
TECHNOLOGY SELECT SECTOR SPDR	INDEX CEF	81369y803	15,553	243,211	SH		SOLE		239,697	0	3,514
TECHNOLOGY SELECT SECTOR SPDR	INDEX CEF	81369y803	1,187	18,556	SH		OTR		0	0	18,556
VANECK VECTORS CHINAAMC CSI 30	INDEX CEF	92189f759	337	6,972	SH		OTR		0	0	6,972
VANECK VECTORS GOLD MINERS ETF	INDEX CEF	92189f106	116	5,000	SH		SOLE		5,000	0	0
VANECK VECTORS GOLD MINERS ETF	INDEX CEF	92189f106	482	20,745	SH		OTR		0	0	20,745
VANECK VECTORS JR GOLD MINERS	INDEX CEF	92189f791	171	5,000	SH		SOLE		5,000	0	0
VANECK VECTORS JR GOLD MINERS	INDEX CEF	92189f791	1,502	44,000	SH		OTR		0	0	44,000
VANGUARD DIVIDEND APPRECIATION	INDEX CEF	921908844	3,289	32,234	SH		SOLE		32,234	0	0
VANGUARD FTSE EMERGING MARKETS	INDEX CEF	922042858	12,188	265,485	SH		SOLE		262,269	0	3,216
VANGUARD FTSE EMERGING MARKETS	INDEX CEF	922042858	3,489	75,998	SH		OTR		0	0	75,998
VANGUARD HIGH DIVIDEND YIELD E	INDEX CEF	921946406	245	2,860	SH		SOLE		2,860	0	0
VANGUARD INDEX FUNDS VANGUARD	INDEX CEF	922908736	2,790	19,836	SH		SOLE		19,836	0	0
VANGUARD MEGA CAP GROWTH ETF	INDEX CEF	921910816	900	8,085	SH		SOLE		8,085	0	0
VANGUARD S&P 500 ETF	INDEX CEF	922908363	1,223	4,985	SH		OTR		0	0	4,985
VANGUARD S&P MID CAP 400 ETF	INDEX CEF	921932885	3,069	24,000	SH		OTR		0	0	24,000
VANGUARD S&P MID CAP 400 VALUE	INDEX CEF	921932844	2,922	24,000	SH		OTR		0	0	24,000
VANGUARD SMALL CAP GROWTH ETF	INDEX CEF	922908595	190	1,181	SH		SOLE		1,181	0	0
VANGUARD SMALL CAP GROWTH ETF	INDEX CEF	922908595	161	1,000	SH		OTR		0	0	1,000
VANGUARD TOTAL STOCK MARKET ET	INDEX CEF	922908769	72	526	SH		SOLE		526	0	0
VANGUARD TOTAL STOCK MARKET ET	INDEX CEF	922908769	2,341	17,056	SH		OTR		0	0	17,056
VANGUARD VALUE ETF	INDEX CEF	922908744	12,833	120,703	SH		SOLE		119,046	0	1,657
VANGUARD VALUE ETF	INDEX CEF	922908744	895	8,418	SH		OTR		0	0	8,418
WISDOMTREE EUROPE HEDGED EQTY	INDEX CEF	97717x701	2,256	35,409	SH		SOLE		35,409	0	0
WISDOMTREE EUROPE HEDGED EQTY	INDEX CEF	97717x701	19	300	SH		OTR		0	0	300
WISDOMTREE JAPAN HEDGED EQUITY	INDEX CEF	97717w851	7,899	133,142	SH		SOLE		130,631	0	2,511
WISDOMTREE JAPAN HEDGED EQUITY	INDEX CEF	97717w851	723	12,179	SH		OTR		0	0	12,179
WISDOMTREE US DIV EX FINANCAL	INDEX CEF	97717w406	636	7,200	SH		SOLE		7,200	0	0
ISHARES 1-3 YEAR CREDIT BOND E	ETF	464288646	6,392	61,140	SH		SOLE		59,016	0	2,124
ISHARES 1-3 YEAR CREDIT BOND E	ETF	464288646	681	6,510	SH		OTR		0	0	6,510
ISHARES CORE US AGGREGATE BOND	ETF	464287226	4,122	37,703	SH		SOLE		20,263	0	17,440
ISHARES EM HGHYL BD ETF	ETF	464286285	249	4,978	SH		SOLE		4,978	0	0
ISHARES FLOATING RATE BOND ETF	ETF	46429b655	456	8,967	SH		SOLE		8,967	0	0
ISHARES FLOATING RATE BOND ETF	ETF	46429b655	163	3,215	SH		OTR		0	0	3,215
ISHARES IBOXX INVT GRADE BOND	ETF	464287242	2,849	23,441	SH		SOLE		13,154	0	10,287
ISHARES IBOXX INVT GRADE BOND	ETF	464287242	161	1,328	SH		OTR		0	0	1,328
ISHARES S&P U S PFD FUND S&P U	ETF	464288687	815	21,417	SH		SOLE		21,417	0	0
ISHARES S&P U S PFD FUND S&P U	ETF	464288687	11	300	SH		OTR		0	0	300
ISHARES TIPS BOND ETF	ETF	464287176	3,267	28,640	SH		SOLE		14,320	0	14,320
PIMCO 0-5 YEAR HIGH YLD BND ID	ETF	72201r783	7,212	71,779	SH		SOLE		70,718	0	1,061
PIMCO 0-5 YEAR HIGH YLD BND ID	ETF	72201r783	540	5,375	SH		OTR		0	0	5,375
PIMCO ACTIVE BOND ETF	ETF	72201r775	7,700	72,643	SH		SOLE		70,882	0	1,761
PIMCO ACTIVE BOND ETF	ETF	72201r775	519	4,895	SH		OTR		135	0	0
PIMCO ENHANCED SHRT MATURTY AC	ETF	72201r833	1,163	11,452	SH		SOLE		11,452	0	0
PIMCO ENHANCED SHRT MATURTY AC	ETF	72201r833	487	4,795	SH		OTR		0	0	4,795
POWERSHARES FINANCIAL PREFERRE	ETF	73935x229	597	31,655	SH		SOLE		31,655	0	0
POWERSHARES INTL CORPORATE BON	ETF	73936q835	407	14,760	SH		SOLE		12,390	0	2,370
POWERSHARES INTL CORPORATE BON	ETF	73936q835	75	2,720	SH		OTR		0	0	2,720
POWERSHARES SENIOR LOAN ETF	ETF	73936q769	1,085	47,073	SH		SOLE		47,073	0	0
POWERSHARES SENIOR LOAN ETF	ETF	73936q769	126	5,465	SH		OTR		0	0	5,465
SPDR BLMBRG BRCLY SHT TRM HGH	ETF	78468r408	4,025	146,045	SH		SOLE		145,945	0	100
SPDR BLMBRG BRCLY SHT TRM HGH	ETF	78468r408	241	8,757	SH		OTR		0	0	8,757
SPDR DOUBLELINE TTL RTRN TTCL	ETF	78467v848	4,570	93,949	SH		SOLE		89,506	0	4,443
SPDR DOUBLELINE TTL RTRN TTCL	ETF	78467v848	323	6,637	SH		OTR		0	0	6,637
VANGUARD EMERGING MARKT GOVT B	ETF	921946885	333	4,153	SH		SOLE		4,153	0	0
VANGUARD SCOTTSDALE FUNDS VANG	ETF	92206c409	4,171	52,600	SH		SOLE		52,117	0	483
VANGUARD SCOTTSDALE FUNDS VANG	ETF	92206c409	155	1,957	SH		OTR		0	0	1,957
VANGUARD TOTAL INTERNATIONAL B	ETF	92203j407	1,785	32,834	SH		SOLE		32,758	0	76
VANGUARD TOTAL INTERNATIONAL B	ETF	92203j407	122	2,238	SH		OTR		0	0	2,238
ISHARES CALIFORNIA MUNI BOND E	IDX MUNI FIX INC	464288356	202	3,411	SH		SOLE		3,411	0	0
APOLLO GLOBAL MGMT LP	LP	037612306	468	13,973	SH		OTR		0	0	13,973
BLACKSTONE GROUP LP LP	LP	09253u108	551	17,200	SH		SOLE		17,200	0	0
BLACKSTONE GROUP LP LP	LP	09253u108	1,134	35,402	SH		OTR		0	0	35,402
CARLYLE GROUP LP	LP	14309l102	204	8,923	SH		OTR		0	0	8,923
KKR & CO LP LP	LP	48248m102	706	33,500	SH		SOLE		33,500	0	0
KKR & CO LP LP	LP	48248m102	381	18,091	SH		OTR		0	0	18,091
POPE RESOURCES DEP LP	LP	732857107	1,367	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	7,855	202,549	SH		OTR		0	0	202,549
FARM CREDIT BANK O 0PFD DUE 1	PFD	30767e307	1,904	1,600	SH		SOLE		1,600	0	0
HILLMAN GRP 11.6PFD DUE 09/30	PFD	43162l206	392	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 .01807/05/2	PFD	87330l200	0	2,000,000	SH		SOLE		0	0	500,000
ALLIANCEBERNSTEIN NTNL M	NON-TAX CEF	01864u106	202	15,040	SH		SOLE		15,040	0	0
BLACKOCK MUNIHOLDINGS IN	NON-TAX CEF	09254p108	318	21,760	SH		SOLE		21,760	0	0
BLACKOCK MUNIHOLDINGS IN	NON-TAX CEF	09254p108	93	6,380	SH		OTR		0	0	6,380
BLACKROCK CALIFORNIA MUN	NON-TAX CEF	09248e102	113	8,200	SH		SOLE		8,200	0	0
BLACKROCK CALIFORNIA MUN	NON-TAX CEF	09248e102	74	5,400	SH		OTR		0	0	5,400
BLACKROCK MUNICIPAL INCO	NON-TAX CEF	09248f109	436	30,920	SH		SOLE		29,590	0	1,330
BLACKROCK MUNICIPAL INCO	NON-TAX CEF	09248f109	2,972	210,926	SH		OTR		0	0	210,926
BLACKROCK MUNIHLDG CALIF	NON-TAX CEF	09254l107	120	8,445	SH		SOLE		8,445	0	0
BLACKROCK MUNIHLDG CALIF	NON-TAX CEF	09254l107	97	6,805	SH		OTR		0	0	6,805
BLACKROCK MUNIHOLDINGS C	NON-TAX CEF	09253n104	171	10,370	SH		SOLE		10,370	0	0
BLACKROCK MUNIYIELD CALI	NON-TAX CEF	09254n103	494	33,666	SH		SOLE		33,666	0	0
BLACKROCK MUNIYIELD CALI	NON-TAX CEF	09254n103	5,787	394,749	SH		OTR		0	0	394,749
BLACKROCK MUNIYIELD CALI	NON-TAX CEF	09254m105	594	40,153	SH		SOLE		40,153	0	0
BLACKROCK MUNIYIELD CALI	NON-TAX CEF	09254m105	1,837	124,173	SH		OTR		0	0	124,173
BLACKROCK MUNIYIELD CF	NON-TAX CEF	09253w104	153	10,530	SH		SOLE		10,530	0	0
BLACKROCK MUNIYIELD CF	NON-TAX CEF	09253w104	95	6,570	SH		OTR		0	0	6,570
BLACKROCK MUNIYIELD QUAL	NON-TAX CEF	09254e103	307	22,260	SH		SOLE		22,260	0	0
BLACKROCK MUNIYIELD QUAL	NON-TAX CEF	09254e103	92	6,655	SH		OTR		0	0	6,655
BLACKROCK MUNIYLD QUALIT	NON-TAX CEF	09254g108	165	12,630	SH		SOLE		12,630	0	0
DEUTSCHE MUNI INCOME TR	NON-TAX CEF	25160c106	234	19,660	SH		SOLE		19,660	0	0
DREYFUS STRATEGIC MUNICI	NON-TAX CEF	26202f107	237	27,740	SH		SOLE		27,740	0	0
DREYFUS STRATEGIC MUNICI	NON-TAX CEF	261932107	229	26,460	SH		SOLE		26,460	0	0
EATON VANCE CALIF MUNICI	NON-TAX CEF	27828a100	116	10,090	SH		SOLE		10,090	0	0
INVESCO ADVANTAGE MUNI INCOME	NON-TAX CEF	46132e103	43	3,800	SH		SOLE		3,800	0	0
INVESCO ADVANTAGE MUNI INCOME	NON-TAX CEF	46132e103	102	8,930	SH		OTR		0	0	8,930
INVESCO CALIFORNIA VALUE MUNIC	NON-TAX CEF	46132h106	155	12,310	SH		SOLE		12,310	0	0
INVESCO CALIFORNIA VALUE MUNIC	NON-TAX CEF	46132h106	37	2,962	SH		OTR		0	0	2,962
INVESCO MUNI OPPORTUNITY TRUST	NON-TAX CEF	46132c107	152	12,270	SH		SOLE		12,270	0	0
INVESCO MUNICIPAL TRUST	NON-TAX CEF	46131j103	150	12,000	SH		SOLE		12,000	0	0
INVESCO TRUST FOR INVT GRADE M	NON-TAX CEF	46131m106	142	10,760	SH		SOLE		10,760	0	0
INVESCO TRUST FOR INVT GRADE M	NON-TAX CEF	46131m106	100	7,560	SH		OTR		0	0	7,560
INVESCO VALUE MUNI INCM TRUST	NON-TAX CEF	46132p108	171	11,500	SH		SOLE		11,500	0	0
NUVEEN AMT FREE MNCPL CR	NON-TAX CEF	67071l106	343	22,239	SH		SOLE		21,065	0	1,174
NUVEEN AMT FREE QUALITY	NON-TAX CEF	670657105	673	48,938	SH		SOLE		48,938	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	843	58,906	SH		SOLE		56,766	0	2,140
NUVEEN CLIFORNIA QULTY M	NON-TAX CEF	67066y105	34	2,391	SH		OTR		0	0	2,391
NUVEEN ENHANCED MUNICIPA	NON-TAX CEF	67074m101	313	22,020	SH		SOLE		20,860	0	1,160
NUVEEN ENHANCED MUNICIPA	NON-TAX CEF	67074m101	95	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	701	49,840	SH		SOLE		49,840	0	0
NUVEN CALIFOR AMT FREE Q	NON-TAX CEF	670651108	176	11,449	SH		SOLE		11,449	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	147	14,040	SH		SOLE		12,400	0	1,640
PIMCO MUNICIPAL INCOME C	NON-TAX CEF	72200r107	239	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	138	11,910	SH		SOLE		11,910	0	0
WESTERN ASST MNGD MUNCPL	NON-TAX CEF	95766m105	447	31,780	SH		SOLE		31,780	0	0
WESTERN ASST MNGD MUNCPL	NON-TAX CEF	95766m105	92	6,520	SH		OTR		0	0	6,520
BLACKROCK TAXABL MUNI BN	TAXABLE MUNI CEF	09248x100	442	19,075	SH		SOLE		19,075	0	0
BLACKROCK TAXABL MUNI BN	TAXABLE MUNI CEF	09248x100	197	8,484	SH		OTR		0	0	8,484
1/100000 INSIGHT SEL INC	TAXABLE CEF	efh81w105	0	49,520	SH		OTR		0	0	49,520
BLACKROCK FLOAT RATE INC	TAXABLE CEF	09255x100	223	16,140	SH		SOLE		16,140	0	0
BLACKROCK FLOAT RATE INC	TAXABLE CEF	09255x100	30	2,164	SH		OTR		0	0	2,164
BLACKROCK LIMITED DURATI	TAXABLE CEF	09249w101	162	10,212	SH		SOLE		10,212	0	0
CALAMOS CONVERTIBLE AND	TAXABLE CEF	12811p108	87	7,340	SH		SOLE		7,340	0	0
CALAMOS CONVERTIBLE AND	TAXABLE CEF	12811p108	43	3,625	SH		OTR		0	0	3,625
CALAMOS CONVERTIBLE OPPO	TAXABLE CEF	128117108	838	74,875	SH		SOLE		74,875	0	0
CALAMOS CONVERTIBLE OPPO	TAXABLE CEF	128117108	88	7,900	SH		OTR		0	0	7,900
DOUBLELINE INCOME SOLUTI	TAXABLE CEF	258622109	278	13,790	SH		SOLE		13,790	0	0
DOUBLELINE INCOME SOLUTI	TAXABLE CEF	258622109	469	23,250	SH		OTR		0	0	23,250
EATON VANCE LIMITED DURA	TAXABLE CEF	27828h105	83	6,089	SH		SOLE		3,855	0	2,234
EATON VANCE LIMITED DURA	TAXABLE CEF	27828h105	183	13,420	SH		OTR		0	0	13,420
FIRST TRUST INT DUR PRF	TAXABLE CEF	33718w103	338	13,868	SH		SOLE		13,868	0	0
IVY HIGH INCOME OPPORTUN	TAXABLE CEF	465893105	160	10,585	SH		SOLE		10,585	0	0
NUVEEN PREF AND INCM SEC	TAXABLE CEF	67072c105	154	15,089	SH		SOLE		15,089	0	0
NUVEEN PREFERRED INCOME	TAXABLE CEF	67073b106	223	21,587	SH		SOLE		21,587	0	0
NUVEEN PREFERRED INCOME	TAXABLE CEF	67073b106	100	9,649	SH		OTR		0	0	9,649
NUVEEN SENIOR INCOME CF	TAXABLE CEF	67067y104	65	10,000	SH		OTR		0	0	10,000
PIMCO CORPORATE OPPORTUN	TAXABLE CEF	72201b101	209	12,713	SH		SOLE		12,713	0	0
PIMCO CORPORATE OPPORTUN	TAXABLE CEF	72201b101	502	30,475	SH		OTR		0	0	30,475
PIMCO DYNMC CRDT AND MRT	TAXABLE CEF	72202d106	132	5,888	SH		SOLE		5,888	0	0
PIMCO DYNMC CRDT AND MRT	TAXABLE CEF	72202d106	285	12,700	SH		OTR		0	0	12,700
PIMCO INCOME OPPORTUNITY	TAXABLE CEF	72202b100	158	6,101	SH		SOLE		6,101	0	0
PIMCO INCOME OPPORTUNITY	TAXABLE CEF	72202b100	86	3,300	SH		OTR		0	0	3,300
PIMCO INCOME STRATEGY II	TAXABLE CEF	72201j104	168	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	161	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	37	2,795	SH		SOLE		1,098	0	1,697
WELLS FARGO MULTI SECTOR	TAXABLE CEF	94987d101	102	7,844	SH		OTR		0	0	7,844
WESTERN ASST HIGH INCM I	TAXABLE CEF	95766j102	85	12,160	SH		SOLE		12,160	0	0
BLACKROCK ENHANCED EQUIT	CEFS	09251a104	473	51,271	SH		OTR		0	0	51,271
BLACKROCK ENHANCED GLOBA	CEFS	092501105	50	4,000	SH		SOLE		4,000	0	0
BLACKROCK ENHANCED GLOBA	CEFS	092501105	1,149	91,873	SH		OTR		0	0	91,873
BLACKROCK ENHANCED INTER	CEFS	092524107	545	83,568	SH		OTR		0	0	83,568
BLACKROCK ENHCD CAPITL A	CEFS	09256a109	256	15,600	SH		SOLE		15,600	0	0
CLOUGH GLOBAL OPPORTUNIT	CEFS	18914e106	135	12,400	SH		OTR		0	0	12,400
COHEN MLP INCOME AND ENE	CEFS	19249b106	205	19,980	SH		SOLE		17,900	0	2,080
EATON VANCE RISK MAN DIV	CEFS	27829g106	109	11,350	SH		SOLE		11,350	0	0
EATON VANCE RISK MAN DIV	CEFS	27829g106	67	7,000	SH		OTR		0	0	7,000
EATON VNCE MGD GLBL BUY	CEFS	27829c105	275	23,100	SH		SOLE		23,100	0	0
FIDUCIARY/CLAYMORE MLP O	CEFS	31647q106	384	29,185	SH		SOLE		29,185	0	0
JOHN HANCOCK PREMIUM DIV	CEFS	41013t105	308	18,000	SH		SOLE		18,000	0	0
MORGAN STANLEY ASIA PACI	CEFS	61744u106	644	35,000	SH		OTR		0	0	35,000
ROYCE VALUE CF	CEFS	780910105	170	10,500	SH		SOLE		10,500	0	0
VOYA GLOBAL EQUITY DVD P	CEFS	92912t100	105	13,600	SH		SOLE		13,600	0	0
SPROTT PHYSICAL GOLD & S	COMMOD TXBLE CEF	85208r101	3,650	272,400	SH		OTR		0	0	272,400
SPROTT PHYSICAL GOLD ETV	COMMOD TXBLE CEF	85207h104	841	79,394	SH		OTR		0	0	79,394
FIRST TRUST NORTH AMERICAN ENE	ETFS	33738d101	1,016	41,351	SH		SOLE		41,351	0	0
FIRST TRUST NORTH AMERICAN ENE	ETFS	33738d101	7	300	SH		OTR		0	0	300
VANECK VECTORS RUSSIA ETF	ETFS	92189f403	2,497	117,735	SH		OTR		0	0	117,735
ISHARES GOLD ETF	ETF	464285105	58	4,629	SH		SOLE		4,629	0	0
ISHARES GOLD ETF	ETF	464285105	188	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	164	10,255	SH		OTR		0	0	10,255
SPDR GOLD SHARES ETF	ETF	78463v107	321	2,596	SH		SOLE		2,596	0	0
SPDR GOLD SHARES ETF	ETF	78463v107	215	1,735	SH		OTR		0	0	1,735
EATON VANCE TAX ADVANTAG	CEFS	27828g107	1,234	53,023	SH		SOLE		51,223	0	1,800
EATON VANCE TAX ADVANTAG	CEFS	27828g107	256	11,005	SH		OTR		1,800	0	11,005
EATON VANCE TAX MAN GL D	CEFS	27829f108	99	10,600	SH		SOLE		10,600	0	0
EATON VANCE TX ADVNT GLB	CEFS	27828u106	598	23,545	SH		SOLE		23,545	0	0
EATON VANCE TX ADVNT GLB	CEFS	27828u106	294	11,562	SH		OTR		0	0	11,562
GABELLI EQUITY CF	CEFS	362397101	313	50,638	SH		SOLE		50,638	0	0
GABELLI EQUITY CF	CEFS	362397101	1,022	165,174	SH		OTR		0	0	165,174
NUVEEN TAX ADVNTGD DIVDN	CEFS	67073g105	263	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	2,164	21,360	SH		SOLE		20,988	0	372
ISHARES COHEN AND STEERS REIT	ETF	464287564	177	1,748	SH		OTR		0	0	1,748
ISHARES US REAL ESTATE ETF	ETF	464287739	567	7,000	SH		SOLE		7,000	0	0
VANGUARD REIT ETF	ETF	922908553	1,614	19,449	SH		SOLE		19,129	0	320
VANGUARD REIT ETF	ETF	922908553	62	750	SH		OTR		0	0	750