Cutter & CO Brokerage 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
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AFLAC INC	COM	001055102	542	7,545	SH		SOLE		0	0	0
ALPS SECTOR DIVIDEND ETF	COM	00162Q858	359	8,625	SH		SOLE		0	0	0
ALERIAN MLP ETF	COM	00162Q866	239	18,820	SH		SOLE		0	0	0
AT T INC	COM	00206R102	1,806	44,463	SH		SOLE		0	0	0
ACCELERATE DIAGNOSTICS	COM	00430H102	745	27,335	SH		SOLE		0	0	0
AES TR III 6.75% PFD	COM	00808N202	1,455	28,537	SH		SOLE		0	0	0
AGRIUM INC	COM	008916108	1,311	14,459	SH		SOLE		0	0	0
ALIBABA GRP HOLDING ADR	COM	01609W102	1,481	14,000	SH		SOLE		0	0	0
ALLSTATE CORP	COM	020002101	330	4,775	SH		SOLE		0	0	0
ALTRIA GROUP INC	COM	02209S103	1,871	29,585	SH		SOLE		0	0	0
AMEREN CORP	COM	023608102	235	4,784	SH		SOLE		0	0	0
AMERICAN STATES WTR CO	COM	029899101	2,325	58,054	SH		SOLE		0	0	0
AMERICAN TOWER CORP REIT	COM	03027X100	205	1,804	SH		SOLE		0	0	0
AMERICAN WATER WORKS CO	COM	030420103	5,654	75,545	SH		SOLE		0	0	0
ANDERSONS INC	COM	034164103	1,141	31,538	SH		SOLE		0	0	0
APPLE INC	COM	037833100	1,380	12,208	SH		SOLE		0	0	0
AQUA AMERICA INC	COM	03836W103	4,631	151,928	SH		SOLE		0	0	0
ARRIS INTERNATIONAL PLC	COM	G0551A103	257	9,077	SH		SOLE		0	0	0
ARTESIAN RESOURCES	COM	043113208	3,149	110,322	SH		SOLE		0	0	0
AUTOZONE INC	COM	053332102	289	376	SH		SOLE		0	0	0
BAIDU INC ADR	COM	056752108	947	5,200	SH		SOLE		0	0	0
BANK OF AMERICA CORP	COM	060505104	341	21,789	SH		SOLE		0	0	0
BANK OF AMERICA 7.25%	COM	060505682	1,502	1,230	SH		SOLE		0	0	0
BED BATH & BEYOND INC	COM	075896100	269	6,250	SH		SOLE		0	0	0
BERKSHIRE HATHAWAY CL A	COM	084670108	216	1	SH		SOLE		0	0	0
BERKSHIRE HATHAWAY INC B	COM	084670702	11,527	79,790	SH		SOLE		0	0	0
BIODELIVERY SCIENCE INTL	COM	09060J106	104	38,680	SH		SOLE		0	0	0
BIOLINERX LTD SPONS ADR	COM	09071M106	26	23,000	SH		SOLE		0	0	0
BLACKROCK CR ALLOC INCM	COM	092508100	291	21,778	SH		SOLE		0	0	0
BLACKROCK MUNIENH FD INC	COM	09253Y100	449	35,350	SH		SOLE		0	0	0
BLCKRCK MUNIYLD QLTY III	COM	09254E103	190	12,464	SH		SOLE		0	0	0
BLACKROCK MUNIYIELD QUAL	COM	09254F100	218	13,203	SH		SOLE		0	0	0
BLACKROCK CORP H/Y FUND	COM	09255P107	962	88,922	SH		SOLE		0	0	0
BOEING CO	COM	097023105	701	5,324	SH		SOLE		0	0	0
BORG WARNER INC	COM	099724106	285	8,115	SH		SOLE		0	0	0
BRISTOL MYERS SQUIBB	COM	110122108	341	6,324	SH		SOLE		0	0	0
BRITISH AMERN TOB PLC	COM	110448107	296	2,315	SH		SOLE		0	0	0
BUCKEYE PARTNERS	COM	118230101	283	3,950	SH		SOLE		0	0	0
CSX CORP	COM	126408103	1,247	40,888	SH		SOLE		0	0	0
CVS HEALTH CORP	COM	126650100	312	3,510	SH		SOLE		0	0	0
CA INC	COM	12673P105	357	10,805	SH		SOLE		0	0	0
CALIFORNIA WTR SVC GROUP	COM	130788102	2,694	83,940	SH		SOLE		0	0	0
CALPINE CORP	COM	131347304	1,468	116,115	SH		SOLE		0	0	0
CEL-SCI CORP	COM	150837508	5	15,000	SH		SOLE		0	0	0
CENTERPOINT ENERGY INC	COM	15189T107	1,855	79,866	SH		SOLE		0	0	0
CENTERSTATE BANKS INC	COM	15201P109	605	34,100	SH		SOLE		0	0	0
CENTRAL FEDERAL CORP NEW	COM	15346Q202	78	55,000	SH		SOLE		0	0	0
CHESAPEAKE UTILS CORP	COM	165303108	1,570	25,718	SH		SOLE		0	0	0
CHEVRON CORPORATION	COM	166764100	326	3,163	SH		SOLE		0	0	0
CHINA FINANCE ONLINE CO	COM	169379104	43	10,000	SH		SOLE		0	0	0
CISCO SYS INC	COM	17275R102	486	15,313	SH		SOLE		0	0	0
CLEAN ENERGY FUELS CORP	COM	184499101	87	19,400	SH		SOLE		0	0	0
COCA COLA COMPANY	COM	191216100	223	5,275	SH		SOLE		0	0	0
COHEN STEERS GLOBAL	COM	19248M103	477	53,612	SH		SOLE		0	0	0
COMCAST CORP NEW CL A	COM	20030N101	230	3,471	SH		SOLE		0	0	0
COMPASS MINERALS INTL	COM	20451N101	2,729	37,028	SH		SOLE		0	0	0
CONNECTICUT WATER SVC	COM	207797101	4,910	98,727	SH		SOLE		0	0	0
CORNING INC	COM	219350105	365	15,450	SH		SOLE		0	0	0
COTY INC CL A	COM	222070203	261	11,100	SH		SOLE		0	0	0
COWEN GROUP INC NEW CL A	COM	223622101	90	24,900	SH		SOLE		0	0	0
CROWN CRAFTS INC	COM	228309100	579	56,800	SH		SOLE		0	0	0
CTRIP.COM INTL LTD ADR	COM	22943F100	466	10,000	SH		SOLE		0	0	0
CUBIC CORPORATION COMMON	COM	229669106	1,703	36,371	SH		SOLE		0	0	0
DCP MIDSTREAM PARTNERS	COM	23311P100	610	17,268	SH		SOLE		0	0	0
DNP SELECT INCOME	COM	23325P104	215	21,000	SH		SOLE		0	0	0
DARDEN RESTAURANTS	COM	237194105	414	6,755	SH		SOLE		0	0	0
DELTA AIR LINES INC NEW	COM	247361702	291	7,390	SH		SOLE		0	0	0
DELTA NATURAL GAS CO INC	COM	247748106	2,445	102,504	SH		SOLE		0	0	0
DIAGEO PLC SPONS ADR NEW	COM	25243Q205	3,403	29,321	SH		SOLE		0	0	0
DISCOVER FINANCIAL	COM	254709108	379	6,707	SH		SOLE		0	0	0
DOMTAR CORP NEW	COM	257559203	359	9,675	SH		SOLE		0	0	0
ETFS PHYSICAL PRECS ETF	COM	26922W109	343	5,150	SH		SOLE		0	0	0
EXCO RESOURCES INC	COM	269279402	14	12,702	SH		SOLE		0	0	0
EASTERLY GOVERNMENT	COM	27616P103	869	45,560	SH		SOLE		0	0	0
EATON VANCE TAX-MANAGED	COM	27828Y108	200	13,226	SH		SOLE		0	0	0
EDISON INTL	COM	281020107	365	5,050	SH		SOLE		0	0	0
ELEPHANT TALK COMM INC	COM	286202205	28	177,655	SH		SOLE		0	0	0
ENABLE MIDSTREAM PTNRS	COM	292480100	2,063	135,281	SH		SOLE		0	0	0
ENBRIDGE ENERGY MNGT LLC	COM	29250X103	3,681	144,703	SH		SOLE		0	0	0
ENTERPRISE PRODUCTS	COM	293792107	4,089	147,975	SH		SOLE		0	0	0
ENZO BIOCHEM INC	COM	294100102	66	12,992	SH		SOLE		0	0	0
ERIN ENERGY CORP	COM	295625107	84	35,604	SH		SOLE		0	0	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	1,006	14,270	SH		SOLE		0	0	0
EXXON MOBIL CORP	COM	30231G102	925	10,602	SH		SOLE		0	0	0
FMC CORP NEW	COM	302491303	2,313	47,852	SH		SOLE		0	0	0
FACEBOOK INC CLASS A	COM	30303M102	3,224	25,131	SH		SOLE		0	0	0
FIREEYE INC	COM	31816Q101	148	10,050	SH		SOLE		0	0	0
FIRST TR MRNSTR DIV ETF	COM	336917109	310	11,360	SH		SOLE		0	0	0
FIRST TR ENERGY INCM FD	COM	33738G104	2,252	83,126	SH		SOLE		0	0	0
FIRST TR DORSEY ETF	COM	33738R605	582	25,404	SH		SOLE		0	0	0
FIRSTENERGY CORP	COM	337932107	664	20,080	SH		SOLE		0	0	0
FORD MOTOR COMPANY	COM	345370860	232	19,259	SH		SOLE		0	0	0
GABELLI DIVIDEND	COM	36242H104	276	14,344	SH		SOLE		0	0	0
GALECTIN THERAPEUTICS	COM	363225202	45	39,500	SH		SOLE		0	0	0
GENERAL ELECTRIC COMPANY	COM	369604103	618	20,874	SH		SOLE		0	0	0
GENL MILLS INC	COM	370334104	493	7,710	SH		SOLE		0	0	0
GENESEE WYOMING INC	COM	371559105	1,214	17,600	SH		SOLE		0	0	0
GENESIS ENERGY LP	COM	371927104	351	9,244	SH		SOLE		0	0	0
GIGPEAK INC	COM	37518Q109	35	15,000	SH		SOLE		0	0	0
GILEAD SCIENCES INC	COM	375558103	1,935	24,455	SH		SOLE		0	0	0
HALYARD HEALTH INC	COM	40650V100	2,617	75,510	SH		SOLE		0	0	0
HAVERTY FURNITURE	COM	419596101	291	14,500	SH		SOLE		0	0	0
HAWKINS INC	COM	420261109	286	6,595	SH		SOLE		0	0	0
HOLOGIC INC	COM	436440101	448	11,530	SH		SOLE		0	0	0
HOME DEPOT INC	COM	437076102	470	3,649	SH		SOLE		0	0	0
HUNTINGTON BANCSHARES IN	COM	446150104	345	34,943	SH		SOLE		0	0	0
IMS HEALTH HOLDINGS INC	COM	44970B109	296	9,430	SH		SOLE		0	0	0
ILL TOOL WORKS INC	COM	452308109	837	6,987	SH		SOLE		0	0	0
ILLUMINA INC	COM	452327109	354	1,950	SH		SOLE		0	0	0
INTEL CORP	COM	458140100	695	18,413	SH		SOLE		0	0	0
INTELLICHECK MOBILISA	COM	45817G201	113	65,669	SH		SOLE		0	0	0
INVENTURE FOODS INC	COM	461212102	694	73,800	SH		SOLE		0	0	0
INTREPID POTASH INC	COM	46121Y102	30	26,338	SH		SOLE		0	0	0
INTREXON CORP	COM	46122T102	323	11,525	SH		SOLE		0	0	0
INVESCO TR INVT GRD MUNS	COM	46131M106	178	12,635	SH		SOLE		0	0	0
ISHARES IBOXX INVT ETF	COM	464287242	238	1,931	SH		SOLE		0	0	0
ISHARES S P 500 VAL ETF	COM	464287408	208	2,187	SH		SOLE		0	0	0
ISHARES S P M/C 400 ETF	COM	464287606	493	2,819	SH		SOLE		0	0	0
ISHARES U.S. UTIL ETF	COM	464287697	337	2,746	SH		SOLE		0	0	0
ISHARES S P M/C 400 ETF	COM	464287705	427	3,212	SH		SOLE		0	0	0
ISHARES U.S. TECH ETF	COM	464287721	370	3,109	SH		SOLE		0	0	0
ISHS U.S. HEALTHCARE ETF	COM	464287762	339	2,259	SH		SOLE		0	0	0
ISHARES S P S/C 600 ETF	COM	464287887	375	2,732	SH		SOLE		0	0	0
JPMORGAN CHASE CO	COM	46625H100	480	7,214	SH		SOLE		0	0	0
JOHNSON JOHNSON	COM	478160104	3,117	26,386	SH		SOLE		0	0	0
KANSAS CITY SOUTHERN	COM	485170302	2,533	27,144	SH		SOLE		0	0	0
KENNEDY-WILSON HOLDINGS	COM	489398107	7,221	320,200	SH		SOLE		0	0	0
KERYX BIOPHARMACEUTICALS	COM	492515101	53	10,000	SH		SOLE		0	0	0
KEYCORP NEW	COM	493267108	162	13,306	SH		SOLE		0	0	0
KIMBERLY-CLARK CORP	COM	494368103	278	2,200	SH		SOLE		0	0	0
KINDER MORGAN INC DEL	COM	49456B101	2,746	118,740	SH		SOLE		0	0	0
KRAFT HEINZ CO	COM	500754106	228	2,552	SH		SOLE		0	0	0
KRATOS DEFENSE SEC SOL	COM	50077B207	69	10,000	SH		SOLE		0	0	0
LCNB CORP	COM	50181P100	332	18,210	SH		SOLE		0	0	0
LRAD CORP	COM	50213V109	68	36,500	SH		SOLE		0	0	0
LAM RESEARCH CORPORATION	COM	512807108	436	4,600	SH		SOLE		0	0	0
LANDEC CORP DE	COM	514766104	386	28,800	SH		SOLE		0	0	0
LEGGETT & PLATT INC	COM	524660107	428	9,400	SH		SOLE		0	0	0
LEUCADIA NATL CORP	COM	527288104	215	11,300	SH		SOLE		0	0	0
LOCKHEED MARTIN CORP	COM	539830109	886	3,696	SH		SOLE		0	0	0
MFA FINANCIAL INC	COM	55272X102	726	97,006	SH		SOLE		0	0	0
MFC BANCORP LTD	COM	55278T105	599	292,032	SH		SOLE		0	0	0
MAGELLAN MIDSTREAM PRTNS	COM	559080106	1,064	15,043	SH		SOLE		0	0	0
MANITEX INTL INC	COM	563420108	73	13,250	SH		SOLE		0	0	0
MCDONALDS CORP	COM	580135101	316	2,740	SH		SOLE		0	0	0
MEDICAL PROPERTIES TRUST	COM	58463J304	159	10,768	SH		SOLE		0	0	0
MEDTRONIC PLC	COM	G5960L103	3,089	35,757	SH		SOLE		0	0	0
MERCK CO INC NEW	COM	58933Y105	532	8,522	SH		SOLE		0	0	0
MEREDITH CORP	COM	589433101	403	7,750	SH		SOLE		0	0	0
METLIFE INC	COM	59156R108	324	7,282	SH		SOLE		0	0	0
MICROSOFT CORP	COM	594918104	320	5,559	SH		SOLE		0	0	0
MIDDLESEX WATER CO	COM	596680108	2,216	62,884	SH		SOLE		0	0	0
MIMEDX GROUP INC	COM	602496101	151	17,650	SH		SOLE		0	0	0
MONMOUTH REAL ESTATE *	COM	609720107	354	24,782	SH		SOLE		0	0	0
MOSAIC COMPANY	COM	61945C103	1,702	69,595	SH		SOLE		0	0	0
MURPHY USA INC	COM	626755102	6,100	85,482	SH		SOLE		0	0	0
NATIONAL OILWELL VARCO	COM	637071101	496	13,500	SH		SOLE		0	0	0
NEWELL BRANDS INC	COM	651229106	507	9,621	SH		SOLE		0	0	0
NOKIA CORP SPONSORED ADR	COM	654902204	94	16,192	SH		SOLE		0	0	0
NOVARTIS AG	COM	66987V109	910	11,521	SH		SOLE		0	0	0
NOVO NORDISK A S ADR	COM	670100205	5,834	140,268	SH		SOLE		0	0	0
NUV ENH AMT FREE MUNI	COM	67071L106	336	20,903	SH		SOLE		0	0	0
NUVEEN PFD SECS INCM FD	COM	67072C105	123	12,825	SH		SOLE		0	0	0
NUVEEN PREFERRED INCOME	COM	67073B106	1,042	104,025	SH		SOLE		0	0	0
NXP SEMICONDUCTORS NV	COM	N6596X109	258	2,530	SH		SOLE		0	0	0
OFFICE DEPOT INC	COM	676220106	67	18,900	SH		SOLE		0	0	0
OHR PHARMACEUTICAL INC	COM	67778H200	130	45,875	SH		SOLE		0	0	0
ONEOK PARTNERS L P	COM	68268N103	2,912	72,885	SH		SOLE		0	0	0
ORITANI FINANCIAL CORP	COM	68633D103	328	20,855	SH		SOLE		0	0	0
PEMBINA PIPELINE CORP	COM	706327103	678	22,243	SH		SOLE		0	0	0
PENSKE AUTO GROUP INC	COM	70959W103	222	4,600	SH		SOLE		0	0	0
PEPSICO INCORPORATED	COM	713448108	3,160	29,054	SH		SOLE		0	0	0
PERRIGO CO PLC	COM	G97822103	237	2,570	SH		SOLE		0	0	0
PFIZER INCORPORATED	COM	717081103	1,930	56,996	SH		SOLE		0	0	0
PHILIP MORRIS INTL INC	COM	718172109	508	5,227	SH		SOLE		0	0	0
PLAINS ALL AMERICAN	COM	726503105	502	15,984	SH		SOLE		0	0	0
PLAINS GP HOLDINGS LP	COM	72651A108	867	66,976	SH		SOLE		0	0	0
POTASH CORP OF SASK INC	COM	73755L107	935	57,293	SH		SOLE		0	0	0
POWERSHARES QQQ SER1 ETF	COM	73935A104	591	4,981	SH		SOLE		0	0	0
PWRSHR PREFERED PORT ETF	COM	73936T565	1,433	94,720	SH		SOLE		0	0	0
PROSHARES TR SHORT ETF	COM	74347B425	663	17,425	SH		SOLE		0	0	0
PROVECTUS	COM	74373P108	8	79,500	SH		SOLE		0	0	0
PUB SVC ENTERPRISE	COM	744573106	354	8,466	SH		SOLE		0	0	0
PUTNAM MNGD MUNI INCM TR	COM	746823103	105	13,153	SH		SOLE		0	0	0
QUICKLOGIC CORP	COM	74837P108	21	28,000	SH		SOLE		0	0	0
RGC RESOURCES INC	COM	74955L103	1,904	79,999	SH		SOLE		0	0	0
RPM INTERNATIONAL INC	COM	749685103	276	5,136	SH		SOLE		0	0	0
REMARK MEDIA INC	COM	75954W107	344	76,489	SH		SOLE		0	0	0
REYNOLDS AMERICAN INC	COM	761713106	1,313	27,853	SH		SOLE		0	0	0
ROCKWELL MEDICAL INC	COM	774374102	182	27,225	SH		SOLE		0	0	0
ROYAL DUTCH SHL ADR CL A	COM	780259206	577	11,531	SH		SOLE		0	0	0
SB FINANCIAL GRP INC	COM	78408D105	154	12,300	SH		SOLE		0	0	0
S J W CORP	COM	784305104	5,971	136,699	SH		SOLE		0	0	0
SPDR S P 500 TRUST ETF	COM	78462F103	541	2,502	SH		SOLE		0	0	0
SPDR DOW JONES INDL ETF	COM	78467X109	320	1,751	SH		SOLE		0	0	0
S W SEED CO	COM	785135104	2,450	480,477	SH		SOLE		0	0	0
SCHULMAN A INC	COM	808194104	460	15,800	SH		SOLE		0	0	0
SCRIPPS NETWORKS INT	COM	811065101	229	3,600	SH		SOLE		0	0	0
SEMPRA ENERGY	COM	816851109	1,495	13,945	SH		SOLE		0	0	0
SHERWIN WILLIAMS CO	COM	824348106	253	915	SH		SOLE		0	0	0
SIERRA WIRELESS	COM	826516106	197	13,650	SH		SOLE		0	0	0
SMITH NEPHEW PLC ADR	COM	83175M205	1,723	52,570	SH		SOLE		0	0	0
SO JERSEY IND INC	COM	838518108	3,165	107,097	SH		SOLE		0	0	0
SOUTHERN COMPANY/THE	COM	842587107	279	5,440	SH		SOLE		0	0	0
SPECTRUM BRANDS INC NEW	COM	84763R101	315	2,285	SH		SOLE		0	0	0
SPIRE INC	COM	84857L101	2,475	38,834	SH		SOLE		0	0	0
SPROTT PHYSICAL GOLD ETF	COM	85207H104	117	10,695	SH		SOLE		0	0	0
SQUARE INC	COM	852234103	257	22,000	SH		SOLE		0	0	0
STANLEY BLACK DECKER	COM	854502101	291	2,370	SH		SOLE		0	0	0
STAPLES INC	COM	855030102	92	10,800	SH		SOLE		0	0	0
SUNOCO LOGISTICS PARTNER	COM	86764L108	201	7,070	SH		SOLE		0	0	0
TARGET CORP	COM	87612E106	452	6,585	SH		SOLE		0	0	0
TELEPHONE DATA SYS INC	COM	879433829	615	22,615	SH		SOLE		0	0	0
3D SYS CORP DEL NEW	COM	88554D205	232	12,930	SH		SOLE		0	0	0
TORTOISE ENERGY INFRA	COM	89147L100	1,838	59,765	SH		SOLE		0	0	0
TRANSGLOBE ENERGY CORP	COM	893662106	177	90,051	SH		SOLE		0	0	0
TRAVELCENTERS OF AMER	COM	894174101	82	11,500	SH		SOLE		0	0	0
TRINITY PLACE HLDGS INC	COM	89656D101	321	32,800	SH		SOLE		0	0	0
TRIPADVISOR INC	COM	896945201	341	5,390	SH		SOLE		0	0	0
UMH PROPERTIES INC *	COM	903002103	235	19,700	SH		SOLE		0	0	0
US AUTO PARTS NETWRK INC	COM	90343C100	44	13,388	SH		SOLE		0	0	0
ULTRA CLEAN HOLDINGS	COM	90385V107	201	27,166	SH		SOLE		0	0	0
UNION PACIFIC CORP	COM	907818108	1,688	17,309	SH		SOLE		0	0	0
UNUM GROUP	COM	91529Y106	275	7,797	SH		SOLE		0	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	304	5,734	SH		SOLE		0	0	0
VALMONT INDS INC	COM	920253101	4,689	34,845	SH		SOLE		0	0	0
VANECK VCTRS HGH YLD ETF	COM	92189F361	294	9,128	SH		SOLE		0	0	0
VANGUARD TOTAL BOND ETF	COM	921937835	343	4,073	SH		SOLE		0	0	0
VANGUARD INDEX FDS ETF	COM	922908363	213	1,070	SH		SOLE		0	0	0
VANGUARD REIT ETF	COM	922908553	308	3,553	SH		SOLE		0	0	0
VERIZON COMMUNICATIONS	COM	92343V104	1,778	34,212	SH		SOLE		0	0	0
VERMILLION INC	COM	92407M206	21	16,500	SH		SOLE		0	0	0
VERSAR INC	COM	925297103	60	38,600	SH		SOLE		0	0	0
VILLAGE SUPER MKT INC	COM	927107409	288	8,998	SH		SOLE		0	0	0
VIRNETX HOLDING CORP	COM	92823T108	114	37,350	SH		SOLE		0	0	0
VULCAN MATERIALS COMPANY	COM	929160109	365	3,213	SH		SOLE		0	0	0
WAL-MART STORES INC	COM	931142103	579	8,027	SH		SOLE		0	0	0
WALGREENS BOOTS	COM	931427108	457	5,666	SH		SOLE		0	0	0
WELLS FARGO CO 7.5% A	COM	949746804	1,766	1,349	SH		SOLE		0	0	0
WELLTOWER INC	COM	95040Q104	383	5,125	SH		SOLE		0	0	0
WESCO AIRCRAFT HOLDINGS	COM	950814103	744	55,375	SH		SOLE		0	0	0
WILLBROS GROUP INC DE	COM	969203108	171	91,000	SH		SOLE		0	0	0
WILLI G FOOD INTL LTD	COM	M52523103	97	17,950	SH		SOLE		0	0	0
WILLIAMS PARTNERS LP NEW	COM	96949L105	250	6,727	SH		SOLE		0	0	0
WISDOMTREE INVESTMENTS	COM	97717P104	466	45,300	SH		SOLE		0	0	0
WORKHORSE GRP INC	COM	98138J206	414	57,200	SH		SOLE		0	0	0
XPLORE TECHNOLOGIES CORP	COM	983950700	39	16,400	SH		SOLE		0	0	0
XEROX CORP	COM	984121103	205	20,200	SH		SOLE		0	0	0
YUM BRANDS INC	COM	988498101	1,125	12,388	SH		SOLE		0	0	0