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 |
ABBVIE INC. CMN | COM | 00287Y109 | 3,553 | 60,700 | SH | | SOLE | | 60,700 | 0 | 0 |
AGNICO EAGLE MINES LTD CMN | COM | 008474108 | 2,545 | 91,080 | SH | | SOLE | | 91,080 | 0 | 0 |
ALPHA PRO TECH LTD CMN | COM | 020772109 | 8 | 3,600 | SH | | SOLE | | 3,600 | 0 | 0 |
AMERCO CMN | COM | 023586100 | 330 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
AMERICAN CAPITAL AGENCY CORP. CMN | COM | 02503X105 | 213 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
ARES COMMERCIAL REAL ESTATE CO CMN | COM | 04013V108 | 768 | 69,472 | SH | | SOLE | | 69,472 | 0 | 0 |
ARROW ELECTRONICS INC. CMN | COM | 042735100 | 454 | 7,426 | SH | | SOLE | | 7,426 | 0 | 0 |
BANK OF AMERICA CORP CMN | COM | 060505104 | 2,309 | 150,000 | SH | | SOLE | | 150,000 | 0 | 0 |
WTS/BANK OF AMERICA CORP 13.3000 EXP01/16/2019 | WTS | 060505146 | 587 | 100,000 | SH | Call | SOLE | | 100,000 | 0 | 0 |
BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A | COM | 084670108 | 8,048 | 37 | SH | | SOLE | | 37 | 0 | 0 |
BLACKSTONE MORTGAGE TRUST INC CMN | COM | 09257W100 | 6,976 | 245,882 | SH | | SOLE | | 245,882 | 0 | 0 |
BOULDER GROWTH & INCOME FD INC MUTUAL FUND | COM | 101507101 | 608 | 70,906 | SH | | SOLE | | 70,906 | 0 | 0 |
CU BANCORP CMN | COM | 126534106 | 168 | 7,397 | SH | | SOLE | | 7,397 | 0 | 0 |
CVS HEALTH CORP CMN | COM | 126650100 | 1,032 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
CAPSTEAD MORTGAGE CORPORATION CMN | COM | 14067E506 | 118 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
CASH AMER INTL INC CMN | COM | 14754D100 | 233 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
CENTRAL SECURITIES CORP. MUTUAL FUND | COM | 155123102 | 129 | 5,900 | SH | | SOLE | | 5,900 | 0 | 0 |
CIVEO CORP CMN | COM | 178787107 | 3 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
CONTINENTAL MATERIALS CORP CMN | COM | 211615307 | 86 | 4,771 | SH | | SOLE | | 4,771 | 0 | 0 |
DOVER DOWNS GAMING & ENTMT INC CMN | COM | 260095104 | 19 | 16,157 | SH | | SOLE | | 16,157 | 0 | 0 |
ECLIPSE RESOURCES CORPORATION CMN | COM | 27890G100 | 6 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
ELLINGTON RESIDENTIAL MORT REIT CMN | COM | 288578107 | 1,412 | 86,225 | SH | | SOLE | | 86,225 | 0 | 0 |
ENOVA INTERNATIONAL, INC. CMN | COM | 29357K103 | 180 | 9,150 | SH | | SOLE | | 9,150 | 0 | 0 |
E Z CORP INC CL-A NON VTG CMN CLASS A | COM | 302301106 | 1,404 | 153,796 | SH | | SOLE | | 153,796 | 0 | 0 |
FEDERATED NATL HLDG CO CMN | COM | 31422T101 | 1,527 | 49,900 | SH | | SOLE | | 49,900 | 0 | 0 |
FIRST CMNTY CORP S C CMN | COM | 319835104 | 225 | 19,301 | SH | | SOLE | | 19,301 | 0 | 0 |
FORTRESS INVESTMENT GROUP LLC CMN CLASS A | COM | 34958B106 | 2,219 | 274,982 | SH | | SOLE | | 274,982 | 0 | 0 |
GENVEC INC CMN | COM | 37246C307 | 35 | 11,800 | SH | | SOLE | | 11,800 | 0 | 0 |
GIBRALTAR INDUSTRIES INC CMN | COM | 374689107 | 627 | 38,233 | SH | | SOLE | | 38,233 | 0 | 0 |
GOLUB CAPITAL BDC LLC CMN | COM | 38173M102 | 1,325 | 75,527 | SH | | SOLE | | 75,527 | 0 | 0 |
GROUP 1 AUTOMOTIVE, INC. CMN | COM | 398905109 | 863 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
GUARANTY FEDERAL BANCSHARES INC | COM | 40108P101 | 72 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
HARVARD BIOSCIENCE INC CMN | COM | 416906105 | 36 | 6,200 | SH | | SOLE | | 6,200 | 0 | 0 |
HERCULES TECHNOLOGY GROWTH CAPITAL, INC. | COM | 427096508 | 13 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
HISTOGENICS CORP CMN | COM | 43358V109 | 10 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
HUDSON GLOBAL, INC. CMN | COM | 443787106 | 13 | 4,845 | SH | | SOLE | | 4,845 | 0 | 0 |
IMPERIAL HOLDINGS, INC. CMN | COM | 452834104 | 84 | 12,100 | SH | | SOLE | | 12,100 | 0 | 0 |
INSPERITY INC CMN | COM | 45778Q107 | 52 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
ISHARES MSCI JAPAN ETF ge. | ETF | 464286848 | 2,506 | 200,000 | SH | | SOLE | | 200,000 | 0 | 0 |
JPMORGAN CHASE & CO CMN | COM | 46625H100 | 2,423 | 40,000 | SH | | SOLE | | 40,000 | 0 | 0 |
KEMET CORPORATION CMN | COM | 488360207 | 1 | 100 | SH | | SOLE | | 100 | 0 | 0 |
LEUCADIA NATIONAL CORP CMN | COM | 527288104 | 455 | 20,400 | SH | | SOLE | | 20,400 | 0 | 0 |
LORAL SPACE &COMMUNICATION INC*. CMN | COM | 543881106 | 684 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
LUBYS INC CMN STOCK CMN | COM | 549282101 | 5 | 900 | SH | | SOLE | | 900 | 0 | 0 |
MAIN STREET CAPITAL CORP CMN | COM | 56035L104 | 692 | 22,400 | SH | | SOLE | | 22,400 | 0 | 0 |
MODUSLINK GLOBAL SOLUTIONS, IN*C CMN | COM | 60786L206 | 39 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
NATURES SUNSHINE PRODS INC CMN | COM | 639027101 | 315 | 24,035 | SH | | SOLE | | 24,035 | 0 | 0 |
NEW MOUNTAIN FINANCE CORP MUTUAL FUND | COM | 647551100 | 15 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
PACIFIC PREMIER BANCORP CMN | COM | 69478X105 | 1,318 | 81,391 | SH | | SOLE | | 81,391 | 0 | 0 |
PEAK RESORTS, INC. CMN | COM | 70469L100 | 616 | 100,000 | SH | | SOLE | | 100,000 | 0 | 0 |
PENNANTPARK INVESTMENT CORP MUTUAL FUND | COM | 708062104 | 13 | 1,405 | SH | | SOLE | | 1,405 | 0 | 0 |
PENNANTPARK FLOATING RATE CAP LTD | COM | 70806A106 | 88 | 6,245 | SH | | SOLE | | 6,245 | 0 | 0 |
PEPSICO INC CMN | COM | 713448108 | 96 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
QC HOLDINGS, INC. CMN | COM | 74729T101 | 6 | 2,749 | SH | | SOLE | | 2,749 | 0 | 0 |
RADIANT LOGISTICS INC CMN | COM | 75025X100 | 44 | 8,410 | SH | | SOLE | | 8,410 | 0 | 0 |
SPDR S&P 500 ETF TRUST | ETF | 78462F103 | 314,490 | 1,523,471 | SH | | SOLE | | 1,523,471 | 0 | 0 |
TCP CAP CORP MUTUAL FUND | COM | 87238Q103 | 16 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
THL CREDIT INC MUTUAL FUND | COM | 872438106 | 270 | 21,964 | SH | | SOLE | | 21,964 | 0 | 0 |
TRI POINTE HOMES INC CMN | COM | 87265H109 | 154 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
TOLL BROTHERS, INC. CMN | COM | 889478103 | 953 | 24,231 | SH | | SOLE | | 24,231 | 0 | 0 |
TRIANGLE CAPITAL CORPORATION MUTUAL FUND | COM | 895848109 | 23 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
U.S. GLOBAL INVESTORS INC A CMN | COM | 902952100 | 3 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERS | ETF | 921908844 | 30,639 | 380,756 | SH | | SOLE | | 380,756 | 0 | 0 |
VANGUARD FTSE DEVELOPED MKTS CMN ETF | ETF | 921943858 | 15,932 | 400,000 | SH | | SOLE | | 400,000 | 0 | 0 |
VANGUARD INDEX FUNDS (VANGUARD HIGH DIVIDEND YIELD ETF | ETF | 921946406 | 1,359 | 19,900 | SH | | SOLE | | 19,900 | 0 | 0 |
VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETF | ETF | 922042775 | 26 | 542 | SH | | SOLE | | 542 | 0 | 0 |
VANGUARD S&P 500 ETF | ETF | 922908363 | 286,793 | 1,515,818 | SH | | SOLE | | 1,515,818 | 0 | 0 |
VOLT INFO SCIENCES, INC. CMN | COM | 928703107 | 13 | 1,102 | SH | | SOLE | | 1,102 | 0 | 0 |
YAMANA GOLD INC CMN | COM | 98462Y100 | 561 | 156,352 | SH | | SOLE | | 156,352 | 0 | 0 |
ESSENT GROUP LTD. CMN | COM | G3198U102 | 48 | 2,000 | SH | | SOLE | | 2,000 | 0 | 0 |
GREENLIGHT CAPITAL RE LTD-A CMN | COM | G4095J109 | 626 | 19,696 | SH | | SOLE | | 19,696 | 0 | 0 |
NORD ANGLIA EDUCATION, INC. CMN | COM | G6583A102 | 227 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
SODASTREAM INTERNATIONAL LTD. CMN | COM | M9068E105 | 1,013 | 50,000 | SH | | SOLE | | 50,000 | 0 | 0 |