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
APPLE COMPUTER INC	COM	37833100	665	1,678	SH		SOLE		0	0	1,678
JPMORGAN CHASE & CO ALERIAN	COM	46625H365	2,154	46,192	SH		SOLE		465	0	45,727
ACE MARKETING & PROMOTIONS	COM	4409108	9	21,000	SH		SOLE		0	0	21,000
ALPINE TOTAL DYNAMIC DIVIDEN	CONV BONDS	21060108	8,923	2,282,215	PRN		SOLE		103,740	0	2,178,475
AMERICAN EXPRESS CO	COM	25816109	957	12,800	SH		SOLE		0	0	12,800
BREITBURN ENERGY PARTNERS LP	COM	106776107	219	12,000	SH		SOLE		0	0	12,000
B & G FOODS INC NEW CL A	COM	05508R106	327	9,600	SH		SOLE		2,010	0	7,590
POWERSHARES SENIOR LOAN	CONV BONDS	73936Q769	11,310	456,975	PRN		SOLE		21,430	0	435,545
BUCKEYE PARTNERS L P	COM	118230101	1,975	28,157	SH		SOLE		0	0	28,157
CATERPILLAR INC	COM	149123101	257	3,114	SH		SOLE		0	0	3,114
CELGENE CORP	COM	151020104	351	3,000	SH		SOLE		0	0	3,000
CONOCOPHILLIPS	COM	20825C104	207	3,417	SH		SOLE		0	0	3,417
COSTCO WHOLESALE CORP	COM	22160K105	442	4,000	SH		SOLE		0	0	4,000
CYPRESS SHARPRIDGE INVTS INC	COM	12673A108	6,040	655,855	SH		SOLE		24,800	0	631,055
DOLLAR TREE INC	COM	256746108	4,019	79,045	SH		SOLE		0	0	79,045
DCP MIDSTREAM PARTNERS LP U	COM	23311P100	271	5,000	SH		SOLE		0	0	5,000
DR PEPPER SNAPPLE GROUP INC.	COM	26138E109	3,253	70,825	SH		SOLE		2,270	0	68,555
DOUBLELINE INCOME SOLUTIONS	CONV BONDS	258622109	1,161	50,000	PRN		SOLE		0	0	50,000
E M C CORP MASS	COM	268648102	203	8,600	SH		SOLE		0	0	8,600
EL PASO PIPELINE PARTNERS	COM	283702108	885	20,275	SH		SOLE		150	0	20,125
ENTERPRISE PRODS PARTNERS L	COM	293792107	19,839	319,216	SH		SOLE		17,195	0	302,021
ECOSPHERE TECH INC	COM	27922X105	60	173,012	SH		SOLE		0	0	173,012
ENERGY TRANSFER EQUITY L P U	COM	29273V100	359	6,000	SH		SOLE		0	0	6,000
EV ENERGY PARTNERS LP	COM	26926V107	374	10,000	SH		SOLE		0	0	10,000
FERRELLGAS PARTNERS L P UNIT	COM	315293100	495	22,872	SH		SOLE		2,000	0	20,872
FIVE BELOW	COM	33829M101	553	15,000	SH		SOLE		0	0	15,000
GENESIS ENERGY LP	COM	371927104	259	5,000	SH		SOLE		0	0	5,000
GENERAL MILLS INC	COM	370334104	2,257	46,510	SH		SOLE		1,320	0	45,190
GOOGLE INC	COM	38259P508	437	496	SH		SOLE		0	0	496
GOVERNMENT PROPERTIES INCO	COM	38376A103	378	15,000	SH		SOLE		0	0	15,000
HOWARD BANCORP	COM	442496105	108	13,700	SH		SOLE		0	0	13,700
HOME DEPOT INC	COM	437076102	296	3,820	SH		SOLE		0	0	3,820
HOME LOAN SERVICING SOLUTION	COM	G6648D109	9,095	379,445	SH		SOLE		14,875	0	364,570
I B M	COM	459200101	466	2,436	SH		SOLE		0	0	2,436
NUVEEN MULT CURR ST GV INCM	CONV BONDS	67090N109	117	10,440	PRN		SOLE		0	0	10,440
JOHNSON & JOHNSON	COM	478160104	839	9,772	SH		SOLE		0	0	9,772
KINDER MORGAN INC/DELAWARE	COM	49456B101	467	12,245	SH		SOLE		585	0	11,660
KINDER MORGAN EGY PTNS L P	COM	494550106	1,207	14,139	SH		SOLE		0	0	14,139
KINDER MORGAN MANAGEMENT LLC	COM	49455U100	1,531	18,314	SH		SOLE		0	0	18,314
KRAFT FOOD GROUP	COM	50076Q106	1,451	25,964	SH		SOLE		1,666	0	24,298
LINN ENERGY LLC	COM	536020100	596	17,970	SH		SOLE		0	0	17,970
LEXINGTON REALTY TRUST	COM	529043101	1,928	165,045	SH		SOLE		9,505	0	155,540
ISHARES BARCLAYS MBS BOND	CONV BONDS	464288588	9,484	90,125	PRN		SOLE		4,655	0	85,470
MEDLEY CAP CORP	COM	58503F106	7,324	539,307	SH		SOLE		18,045	0	521,262
MONDELEZ INTERNATIONAL INC	COM	609207105	2,699	94,589	SH		SOLE		5,000	0	89,589
MAGELLAN MIDSTGREAM PARTNERS	COM	559080106	8,931	163,880	SH		SOLE		5,320	0	158,560
MERCK & COMPANY	COM	58933Y105	215	4,634	SH		SOLE		2,100	0	2,534
MARKWEST ENERGY PARTNERS L P	COM	570759100	301	4,500	SH		SOLE		0	0	4,500
NEWCASTLE INVESTMENT	COM	65105M108	2,372	453,590	SH		SOLE		6,330	0	447,260
TARGA RESOURCES PARTNERS LP	COM	87611X105	9,232	182,995	SH		SOLE		9,199	0	173,796
INERGY MIDSTREAM LP	COM	45671U106	582	26,176	SH		SOLE		0	0	26,176
INERGY L P	COM	456615103	971	60,586	SH		SOLE		0	0	60,586
NEW RESIDENTIAL INVESTMENT C	COM	64828T102	2,993	444,090	SH		SOLE		6,330	0	437,760
NESTLE S A ADR SPON REG SH	COM	641069406	344	5,250	SH		SOLE		0	0	5,250
Nuveen Dividend Advantage Mu	CONV BONDS	67071L106	409	30,650	PRN		SOLE		0	0	30,650
Nuveen Dividend Advantage Mu	CONV BONDS	67070F100	323	23,150	PRN		SOLE		0	0	23,150
ONEOK PARTNERS L P	COM	68268N103	277	5,600	SH		SOLE		0	0	5,600
PLAINS ALL AMERN PIPELINE L	COM	726503105	12,014	215,273	SH		SOLE		9,565	0	205,708
PIMCO DYNAMIC INC FUND	CONV BONDS	72201Y101	10,953	374,455	PRN		SOLE		14,335	0	360,120
PEPSICO INC	COM	713448108	340	4,155	SH		SOLE		0	0	4,155
PFIZER INC	COM	717081103	678	24,210	SH		SOLE		650	0	23,560
PROCTER & GAMBLE COMPANY	COM	742718109	407	5,292	SH		SOLE		0	0	5,292
PATRIOT NATL BANCORP INC	COM	70336F104	13	10,200	SH		SOLE		0	0	10,200
PROSPECT CAPITAL CORPORATION	COM	74348T102	346	32,000	SH		SOLE		0	0	32,000
PVR PARTNERS LP	COM	693665101	2,406	88,148	SH		SOLE		11,760	0	76,388
PLAYMATES HOLDINGS	COM	34832960	353	410,000	SH		SOLE		0	0	410,000
RAIT FINANCIAL TRUST	COM	749227609	5,900	784,520	SH		SOLE		24,725	0	759,795
SANDRIDGE MISSISSIPPIAN TRUS	COM	80007V106	296	23,700	SH		SOLE		0	0	23,700
SIGNATURE GROUP HOLDINGS	COM	82670C100	25	27,050	SH		SOLE		16,800	0	10,250
PROSHARES TR	CONV BONDS	74347R503	5,592	188,357	PRN		SOLE		5,365	0	182,992
SINGING MACH INC	COM	829322304	83	375,500	SH		SOLE		0	0	375,500
SENIOR HSG PPTYS TR SH BEN I	COM	81721M109	2,808	108,305	SH		SOLE		2,000	0	106,305
SUBURBAN PROPANE PARTNERS LP	COM	864482104	357	7,696	SH		SOLE		0	0	7,696
A T & T INC (NEW)	COM	00206R102	239	6,743	SH		SOLE		0	0	6,743
TALLGRASS ENERGY PARTNERS LP	COM	874697105	2,546	121,260	SH		SOLE		4,550	0	116,710
THORNBURG MTG INC NEW	COM	885218800	0	100,000	SH		SOLE		0	0	100,000
TEEKAY OFFSHORE PARTNERS LP	COM	Y8565J101	1,078	33,207	SH		SOLE		2,555	0	30,652
TIME WARNER INC COM	COM	887317303	212	3,666	SH		SOLE		0	0	3,666
VANGUARD NATURAL RESOURCES	COM	92205F106	502	18,000	SH		SOLE		0	0	18,000
VERIZON COMMUNICATIONS	COM	92343V104	570	11,330	SH		SOLE		500	0	10,830
WESTERN GAS PARTNERS LP U	COM	958254104	7,190	110,803	SH		SOLE		6,055	0	104,748
WILLIAMS COS INC	COM	969457100	4,387	135,095	SH		SOLE		3,615	0	131,480
WAL MART STORES INC	COM	931142103	7,919	106,310	SH		SOLE		0	0	106,310
WILLIAMS PARTNERS LP	COM	96950F104	5,292	102,552	SH		SOLE		5,590	0	96,962
XCEL ENERGY INC	COM	98389B100	355	12,514	SH		SOLE		0	0	12,514
EXXON MOBIL CORP	COM	30231G102	687	7,606	SH		SOLE		0	0	7,606