Hilton 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
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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
COLONY FINANCIAL CONV. SR NT	Convertible Bonds	19624RAB2	3,875	4,140,000	PRN		SOLE		2,440,000	0	1,700,000
HCI GROUP CONV. SR NT	Convertible Bonds	40416EAB9	5,961	5,968,000	PRN		SOLE		3,425,000	0	2,543,000
APPLE INC.	Common Stocks	037833100	2,685	16,003	SH		SOLE		3,286	0	12,717
ALMADEN MINERALS LTD	Common Stocks	020283305	21	25,000	SH		SOLE		0	0	25,000
ABBVIE INC	Common Stocks	00287Y109	204	2,160	SH		SOLE		0	0	2,160
ABCANN GLOBAL CORP	Common Stocks	00287W103	168	125,000	SH		SOLE		0	0	125,000
ACCENTURE PLC	Common Stocks	G1151C101	205	1,333	SH		SOLE		319	0	1,014
ALLY FINANCIAL	Common Stocks	02005N100	817	30,085	SH		SOLE		30,085	0	0
JPMORGAN CHASE & CO ALERIAN ML ETN	Equity ETFs	46625H365	1,451	60,453	PRN		SOLE		52,916	0	7,537
AMERIPRISE FINL INC	Common Stocks	03076C106	355	2,400	SH		SOLE		0	0	2,400
AMERICAN RIVER BANKSHRS	Common Stocks	029326105	466	30,055	SH		SOLE		30,055	0	0
AMAZON COM INC	Common Stocks	023135106	9,550	6,598	SH		SOLE		3,816	0	2,782
A.O. SMITH CORPORATION	Common Stocks	831865209	19,884	312,693	SH		SOLE		223,441	0	89,252
AIR PRODUCTS & CHEMICALS INC.	Common Stocks	009158106	823	5,177	SH		SOLE		2,137	0	3,040
ATICO MINING CORP SHS	Common Stocks	047559109	24	50,000	SH		SOLE		0	0	50,000
AURANIA RESOURCES LTD	Common Stocks	G06974102	21	10,000	SH		SOLE		0	0	10,000
AMERICAN EXPRESS CO	Common Stocks	025816109	1,326	14,220	SH		SOLE		0	0	14,220
POWERSHARES SENIOR LOAN	Fixed Income ETF	73936Q769	534	23,100	PRN		SOLE		13,100	0	10,000
BLACKROCK INC.	Common Stocks	09247X101	460	850	SH		SOLE		850	0	0
BROADRIDGE FINANCIAL SOLUTIONS	Common Stocks	11133T103	23,240	211,868	SH		SOLE		147,514	0	64,354
BERKSHIRE HATHAWAY INC DEL CL B NEW	Common Stocks	084670702	1,055	5,290	SH		SOLE		0	0	5,290
BLACKSTONE GROUP LP	Common Stocks	09253U108	399	12,480	SH		SOLE		0	0	12,480
BYD CO LTD	Common Stocks	05606L100	166	10,650	SH		SOLE		0	0	10,650
CITIGROUP INC	Common Stocks	172967424	343	5,085	SH		SOLE		0	0	5,085
CATERPILLAR INC COM	Common Stocks	149123101	438	2,970	SH		SOLE		1,300	0	1,670
CROWN CASTLE INTL CORP.	Common Stocks	22822V101	19,449	177,435	SH		SOLE		117,397	0	60,038
CELGENE CORP	Common Stocks	151020104	546	6,120	SH		SOLE		0	0	6,120
CME GROUP INC	Common Stocks	12572Q105	14,700	90,887	SH		SOLE		64,032	0	26,855
COPPERBANK RESOURCES	Common Stocks	217621101	6	100,000	SH		SOLE		0	0	100,000
CISCO SYS INC	Common Stocks	17275R102	737	17,189	SH		SOLE		1,144	0	16,045
CENTRAL VALLEY COMM BANCORP	Common Stocks	155685100	280	14,310	SH		SOLE		14,310	0	0
CV SCIENCES INC	Common Stocks	126654102	25	50,000	SH		SOLE		0	0	50,000
DR HORTON INC.	Common Stocks	23331A109	16,383	373,692	SH		SOLE		249,022	0	124,670
SPDR DJIA TRUST	Common Stocks	78467X109	935	3,875	SH		SOLE		3,875	0	0
WALT DISNEY COMPANY	Common Stocks	254687106	240	2,388	SH		SOLE		2,212	0	176
DOWDUPONT INC	Common Stocks	26078J100	15,979	250,814	SH		SOLE		181,968	0	68,846
ISHARES MSCI EMERGING MKTS	Equity ETFs	464287234	293	6,060	PRN		SOLE		0	0	6,060
EAGLE BANCORP INC	Common Stocks	268948106	618	10,320	SH		SOLE		10,320	0	0
ENTERPRISE PRODS PARTNERS L COM UNIT	Common Stocks	293792107	16,044	655,410	SH		SOLE		374,214	0	281,196
ENERGY TRANSFER EQUITY L P UT LTD PTN	Common Stocks	29273V100	398	28,000	SH		SOLE		0	0	28,000
EV ENERGY PARTNERS LP	Common Stocks	26926V107	3	13,500	SH		SOLE		0	0	13,500
FACEBOOK INC	Common Stocks	30303M102	1,556	9,740	SH		SOLE		2,574	0	7,166
FCB FINANCIAL HOLDINGS	Common Stocks	30255G103	421	8,230	SH		SOLE		8,230	0	0
FIDUS INVESTMENT CORP 5.875 SR NT DTD 2/1/23	Preferred Stock	316500206	2,332	91,614	PRN		SOLE		58,993	0	32,621
FIDELITY INDUSTRIALS ETF	Equity ETFs	316092709	322	8,515	PRN		SOLE		0	0	8,515
FIORE GOLD LTD	Common Stocks	31810L108	14	25,000	SH		SOLE		0	0	25,000
ISHARES FLOATING RATE BOND ETF	Fixed Income ETF	46429B655	688	13,500	PRN		SOLE		3,000	0	10,500
FIDELITY CONS STAPLES ETF	Equity ETFs	316092303	289	9,100	PRN		SOLE		0	0	9,100
FIDELITY INFO TECH ETF	Equity ETFs	316092808	462	8,910	PRN		SOLE		0	0	8,910
GENERAL DYNAMICS CORP.	Common Stocks	369550108	482	2,183	SH		SOLE		1,134	0	1,049
GENERAL ELEC CO	Common Stocks	369604103	213	15,800	SH		SOLE		0	0	15,800
GOLDMINING INC	Common Stocks	38149E101	9	10,000	SH		SOLE		0	0	10,000
GRIDIRON BIONUTRIENTS	Common Stocks	39809D102	6	25,000	SH		SOLE		0	0	25,000
ALPHABET INC -CL C	Common Stocks	02079K107	5,009	4,855	SH		SOLE		1,945	0	2,910
ALPHABET INC -CL A	Common Stocks	02079K305	837	807	SH		SOLE		0	0	807
GRAMERCY PROPERTY TRUST	Common Stocks	385002308	14,917	686,488	SH		SOLE		471,995	0	214,493
GOLDMAN SACHS GROUP INC	Common Stocks	38141G104	339	1,347	SH		SOLE		722	0	625
ISHARES INT. GOVT/CREDIT BOND ETF	Fixed Income ETF	464288612	43,634	402,978	PRN		SOLE		303,135	0	99,843
HOWARD BANCORP	Common Stocks	442496105	4,149	209,535	SH		SOLE		0	0	209,535
HOME DEPOT INC	Common Stocks	437076102	619	3,472	SH		SOLE		1,500	0	1,972
HIMAX TECHNOLOGIES INC ADR	Common Stocks	43289P106	62	10,000	SH		SOLE		0	0	10,000
HILTON WORLDWIDE HOLDINGS INC.	Common Stocks	43300A203	236	3,000	SH		SOLE		3,000	0	0
HEMPAMERICANA INC	Common Stocks	42370P207	3	200,000	SH		SOLE		0	0	200,000
HARRIS CORP.	Common Stocks	413875105	23,112	143,306	SH		SOLE		105,563	0	37,743
HARVEST ONE CANNABIS INC	Common Stocks	41755P105	37	50,000	SH		SOLE		0	0	50,000
HSBC HOLDINGS PLC SER A FC 12/21/12	Preferred Stock	404280604	1,355	52,617	PRN		SOLE		14,396	0	38,221
HOST HOTELS & RESORTS INC.	Common Stocks	44107P104	17,068	915,639	SH		SOLE		641,496	0	274,143
HYDROPOTHECARY	Common Stocks	44903W105	236	75,000	SH		SOLE		0	0	75,000
INNOVATIVE INDUSTRIAL PROPERTIES INC.	Common Stocks	45781V101	2,900	108,429	SH		SOLE		62,590	0	45,839
INTEL CORP	Common Stocks	458140100	534	10,250	SH		SOLE		4,500	0	5,750
IDEAL POWER INC	Common Stocks	451622104	14	12,500	SH		SOLE		0	0	12,500
PRUDENTIAL ST DUR HY FUND	Fixed Income Closed-End Fund	74442F107	715	50,634	PRN		SOLE		434	0	50,200
ISHARES US HOME CONSTRUCTION ETF	Equity ETFs	464288752	458	11,595	PRN		SOLE		0	0	11,595
ISHARES RUSSELL 1000 GROWTH ETF	Equity ETFs	464287614	502	3,690	PRN		SOLE		1,955	0	1,735
ISHARES TR RUSSELL 2000 ETF	Equity ETFs	464287655	1,101	7,250	PRN		SOLE		4,520	0	2,730
ISHARES RUSSELL MIDCAP	Equity ETFs	464287499	790	3,825	PRN		SOLE		3,825	0	0
ISHARES U.S. FINANCIAL SERVICES ETF	Equity ETFs	464287770	748	5,715	PRN		SOLE		5,715	0	0
NUVEEN MORTGAGE OPPORTUNITY OPPORTUNITY FUND	Fixed Income Closed-End Fund	670735109	15,457	650,829	PRN		SOLE		468,515	0	182,314
JOHNSON & JOHNSON	Common Stocks	478160104	17,344	135,344	SH		SOLE		89,775	0	45,569
J P MORGAN CHASE & CO	Common Stocks	46625H100	22,801	207,342	SH		SOLE		136,716	0	70,626
NUVEEN CREDIT STRAT FUND	Fixed Income Closed-End Fund	67073D102	17,643	2,221,980	PRN		SOLE		1,514,937	0	707,043
KUTCHO COPPER CORP	Common Stocks	501377105	18	50,000	SH		SOLE		0	0	50,000
KKR & Co LP	Common Stocks	48248M102	332	16,340	SH		SOLE		0	0	16,340
KINDER MORGAN INC	Common Stocks	49456B101	162	10,765	SH		SOLE		0	0	10,765
DIREXION INSIDER	Equity ETFs	25459Y769	343	8,400	PRN		SOLE		8,400	0	0
LENNOX INTERNATIONAL INC.	Common Stocks	526107107	13,781	67,434	SH		SOLE		47,722	0	19,712
LEAGOLD MINING CORP	Common Stocks	52176A205	21	10,000	SH		SOLE		0	0	10,000
LOCKHEED MARTIN CORP.	Common Stocks	539830109	470	1,391	SH		SOLE		1,186	0	205
ISHARES IBOXX INVESTMENT GRADE CORP BOND	Fixed Income ETF	464287242	361	3,071	PRN		SOLE		0	0	3,071
EQUINOX GOLD CORP	Common Stocks	29446Y106	19	21,825	SH		SOLE		0	0	21,825
LEXARIA BIOSCIENCE CORP	Common Stocks	52886N307	158	150,000	SH		SOLE		0	0	150,000
MARRIOTT INTERNATIONAL INC.	Common Stocks	571903202	394	2,900	SH		SOLE		2,900	0	0
MCDONALDS CORP	Common Stocks	580135101	242	1,548	SH		SOLE		1,436	0	112
MONDELEZ INTERNATIONAL INC	Common Stocks	609207105	574	13,759	SH		SOLE		89	0	13,670
SPDR S&P MIDCAP ETF TRST	Equity ETFs	78467Y107	376	1,100	PRN		SOLE		0	0	1,100
MEDRELEAF CORP	Common Stocks	58506X104	136	10,000	SH		SOLE		0	0	10,000
MMJ PHYTOTECH LTD	Common Stocks	Q6S53Y100	16	50,300	SH		SOLE		0	0	50,300
MAGELLAN MIDSTREAM PARTNERS LP	Common Stocks	559080106	5,219	89,441	SH		SOLE		31,237	0	58,204
MPLX LP	Common Stocks	55336V100	257	7,785	SH		SOLE		0	0	7,785
MAINSOURCE FINANCIAL GROUP, INC.	Common Stocks	56062Y102	20,690	508,977	SH		SOLE		348,826	0	160,151
MICROSOFT	Common Stocks	594918104	1,012	11,085	SH		SOLE		550	0	10,535
MIDSOUTH BANCORP INC	Common Stocks	598039105	483	38,185	SH		SOLE		38,185	0	0
MICRON TECHNOLOGY	Common Stocks	595112103	824	15,810	SH		SOLE		4,810	0	11,000
MICROVISION INC	Common Stocks	594960304	28	25,000	SH		SOLE		0	0	25,000
MYM NUTRACEUTICALS INC	Common Stocks	55406A101	102	60,000	SH		SOLE		0	0	60,000
NUVEEN CAL ABC DIV ADV MUNI INC FUND	Fixed Income Closed-End Fund	67066Y105	201	15,000	PRN		SOLE		0	0	15,000
NEWTEK BUSINESS SVCS 6.25 SR UN DTD 3/1/23	Preferred Stock	652526500	255	10,000	PRN		SOLE		10,000	0	0
NETFLIX COM INC	Common Stocks	64110L106	301	1,020	SH		SOLE		0	0	1,020
NATIONAL STORAGE AFFILIATES	Common Stocks	637870106	333	13,285	SH		SOLE		0	0	13,285
BANK OF NT BUTTERFIELD & SON	Common Stocks	G0772R208	20,090	447,646	SH		SOLE		302,186	0	145,460
NVIDIA CORP	Common Stocks	67066G104	944	4,075	SH		SOLE		1,050	0	3,025
OAKTREE SPECIALTY LENDING CORP / FSC	Common Stocks	67401P108	11,723	2,784,579	SH		SOLE		2,188,337	0	596,242
FIDELITY NASDAQCOMP INDEX ETF	Equity ETFs	315912808	443	1,600	PRN		SOLE		0	0	1,600
OPUS BANK	Common Stocks	684000102	540	19,295	SH		SOLE		19,295	0	0
OXFORD SQUARE CAPITAL CORP PFD NT 6.5 2024	Preferred Stock	69181V206	7,094	276,039	PRN		SOLE		213,115	0	62,924
BANK OF THE OZARKS	Common Stocks	063904106	517	10,703	SH		SOLE		10,703	0	0
PLAINS ALL AMERN PIPELINE L UNIT L P INT	Common Stocks	726503105	1,179	53,527	SH		SOLE		19,900	0	33,627
PALO ALTO NETWORKS COM	Common Stocks	697435105	268	1,475	SH		SOLE		0	0	1,475
PIMCO DYNAMIC CREDIT INCOME	Fixed Income Closed-End Fund	72202D106	18,751	819,536	PRN		SOLE		578,629	0	240,907
PDX PARTNERS INC	Common Stocks	70455F109	1	1,000,000	SH		SOLE		0	0	1,000,000
PINNACLE FINANCIAL PARTNERS	Common Stocks	72346Q104	394	6,135	SH		SOLE		6,135	0	0
DIREXION DAILY S&P BULL 1.25	Equity ETFs	25490K109	5,790	162,865	PRN		SOLE		41,565	0	121,300
DIREXION DAILY SML CAP BUL 1	Equity ETFs	25490K208	322	8,975	PRN		SOLE		0	0	8,975
PAYPAL HOLDINGS	Common Stocks	70450Y103	317	4,175	SH		SOLE		0	0	4,175
POWERSHARES QQQ TRUST UNIT SER 1	Equity ETFs	73935A104	8,011	50,030	PRN		SOLE		34,135	0	15,895
REPUBLIC SERVICES, INC.	Common Stocks	760759100	20,090	303,341	SH		SOLE		218,185	0	85,156
REDWOOD TRUST INC	Common Stocks	758075402	9,659	624,338	SH		SOLE		434,933	0	189,405
PROGRESSIVE CARE INC	Common Stocks	74332G108	7	50,000	SH		SOLE		0	0	50,000
STARBUCKS CORP	Common Stocks	855244109	16,352	282,468	SH		SOLE		208,684	0	73,784
SCHWAB SHORT TERM US TREASURY	Fixed Income ETF	808528462	10,071	202,068	PRN		SOLE		137,587	0	64,481
SERVISFIRST BANCSHARES INC	Common Stocks	81768T108	384	9,405	SH		SOLE		9,405	0	0
SANTA FE GOLD CORP	Common Stocks	80201E108	6	50,000	SH		SOLE		0	0	50,000
SVB FINANCIAL GROUP	Common Stocks	78486Q101	908	3,783	SH		SOLE		3,783	0	0
SUPREME CANNABIS CO INC	Common Stocks	86860J106	48	34,900	SH		SOLE		0	0	34,900
STERLING BANCORP	Common Stocks	85917A100	15,165	672,512	SH		SOLE		495,635	0	176,877
CONSTELLATION BRANDS INC-A	Common Stocks	21036P108	269	1,180	SH		SOLE		1,180	0	0
TALLGRASS ENERGY PARTNERS LP	Common Stocks	874697105	395	10,415	SH		SOLE		0	0	10,415
TERADYNE INC	Common Stocks	880770102	393	8,600	SH		SOLE		0	0	8,600
TARGA RESOURCES	Common Stocks	87612G101	962	21,853	SH		SOLE		3,162	0	18,691
TRISTATE CAPITAL HLDGS 6.75 SER A FTF PREF FC 4/1	Preferred Stock	89678F209	2,147	83,063	PRN		SOLE		82,598	0	465
TEXTMUNICATION HOLDINGS	Common Stocks	883178105	1	5,000,000	SH		SOLE		0	0	5,000,000
UNITED CONTINENTAL HOLDINGS INC.	Common Stocks	910047109	302	4,350	SH		SOLE		4,350	0	0
UBS GROUP AG-RE	Common Stocks	H42097107	11,344	642,350	SH		SOLE		475,231	0	167,119
VISA INC	Common Stocks	92826C839	500	4,182	SH		SOLE		1,650	0	2,532
VANGUARD INT-TERM CORP BOND ETF	Fixed Income ETF	92206C870	631	7,438	PRN		SOLE		2,298	0	5,140
VANGUARD S/T CORP BOND ETF	Fixed Income ETF	92206C409	16,528	210,739	PRN		SOLE		133,157	0	77,582
VILLAGE FARMS INTL INC	Common Stocks	92707Y108	221	50,000	SH		SOLE		0	0	50,000
VANGUARD HEALTH CARE ETF	Equity ETFs	92204A504	411	2,680	PRN		SOLE		0	0	2,680
VICI PROPERTIES INC.	Common Stocks	925652109	668	36,440	SH		SOLE		15,325	0	21,115
INVESCO DYNAMIC CREDIT OPP	Fixed Income Closed-End Fund	46132R104	22,225	1,894,698	PRN		SOLE		1,306,002	0	588,696
VANGUARD FTSE EMERGING MARKET ETF	Equity ETFs	922042858	439	9,350	PRN		SOLE		0	0	9,350
WEIBO CORP ADR	Common Stocks	948596101	888	7,430	SH		SOLE		1,730	0	5,700
LICO ENERGY METALS INC	Common Stocks	531696102	11	150,000	SH		SOLE		0	0	150,000
WESTERN GAS PARTNERS LP UNIT LP IN	Common Stocks	958254104	1,423	33,340	SH		SOLE		0	0	33,340
WEALTH MINERALS LTD	Common Stocks	946885209	19	15,000	SH		SOLE		0	0	15,000
WAL MART STORES INC	Common Stocks	931142103	458	5,148	SH		SOLE		340	0	4,808
WILLIAMS PARTNERS LP	Common Stocks	96949L105	473	13,740	SH		SOLE		0	0	13,740
MATERIALS SECTOR SPDR	Equity ETFs	81369Y100	526	9,240	PRN		SOLE		5,950	0	3,290
INDUSTRIAL SELECT SECT SPDR	Equity ETFs	81369Y704	1,132	15,238	PRN		SOLE		12,250	0	2,988
STAPLES SECTOR SPDR	Equity ETFs	81369Y308	595	11,310	PRN		SOLE		5,900	0	5,410
HEALTH CARE SECTOR SPDR	Equity ETFs	81369Y209	550	6,760	PRN		SOLE		4,165	0	2,595
EXXON MOBIL CORP	Common Stocks	30231G102	736	9,869	SH		SOLE		2,372	0	7,497