Advisory Research 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
3M COMPANY	COM	88579Y101	1,156	10,573	SH		SOLE		10,573	0	0
A T & T INC (NEW)	COM	00206R102	3,629	102,516	SH		SOLE		102,516	0	0
A V HOMES INC	COM	00234P102	1,221	68,873	SH		SOLE		68,873	0	0
ACCENTURE PLC IRELAN	CLA	G1151C101	1,800	25,016	SH		SOLE		25,016	0	0
Access Midstream Partners LP	COM	00434l109	81,159	1,701,454	SH		SOLE		1,669,109	0	32,345
Access Midstream Partners LP	COM	00434l109	20,396	427,590	SH		DFND	2	427,590	0	0
ADVANCED MICRO DEVIC	COM	007903107	49	12,075	SH		SOLE		12,075	0	0
ADVANTAGE OIL & GAS	COM	00765F101	313	75,500	SH		SOLE		75,500	0	0
AGL RES INC	COM	001204106	685	15,986	SH		SOLE		15,986	0	0
AIR PRODS & CHEMS IN	COM	009158106	18,197	198,717	SH		SOLE		198,717	0	0
ALCOA INC	COM	013817101	154	19,722	SH		SOLE		19,722	0	0
ALEXANDER & BALDWIN	COM	014491104	110,286	2,774,490	SH		SOLE		2,774,490	0	0
ALLEGHENY TECHNOLOGI	COM	01741R102	69,810	2,653,349	SH		SOLE		2,653,349	0	0
Alliance Holdings GP LP	COM	01861G100	39,135	613,886	SH		SOLE		597,196	0	16,690
Alliance Holdings GP LP	COM	01861G100	13,861	217,425	SH		DFND	2	217,425	0	0
Alliance Resource Partners	COM	01877r108	8,894	125,925	SH		SOLE		125,925	0	0
Alliance Resource Partners	COM	01877r108	8,535	120,840	SH		DFND	2	120,840	0	0
ALLIANCEBERNSTEIN HO	COM	01881G106	674	32,360	SH		SOLE		32,360	0	0
ALLIED WRLD ASSUR CO	COM	H01531104	58,835	642,938	SH		SOLE		642,938	0	0
ALTEVA COM	COM	02153V102	1,339	135,480	SH		SOLE		135,480	0	0
ALTRIA GROUP INC	COM	02209S103	3,188	91,104	SH		SOLE		91,104	0	0
AMERCO INC	COM	023586100	48,961	302,413	SH		SOLE		302,413	0	0
AMERICAN CAPITAL LTD	COM	02503Y103	46,156	3,642,972	SH		SOLE		3,642,972	0	0
AMERICAN EXPRESS CO	COM	025816109	21,963	293,774	SH		SOLE		293,774	0	0
AMERICAN INTERNATION	COM	026874784	20,541	459,527	SH		SOLE		459,527	0	0
AMERICAN SAFETY INS	COM	G02995101	944	32,594	SH		SOLE		32,594	0	0
Anadarko Petroleum	COM	032511107	11,425	132,955	SH		SOLE		132,955	0	0
Anadarko Petroleum	COM	032511957	11,300	131,500	SH	Put	SOLE		131,500	0	0
ANDERSONS INC	COM	034164103	49,957	939,213	SH		SOLE		939,213	0	0
APPLE INC	COM	037833100	852	2,149	SH		SOLE		2,149	0	0
ARC DOCUMENT SOLUTIO	COM	00191G103	966	241,550	SH		SOLE		241,550	0	0
ASSOCIATED BANC CORP	COM	045487105	25,566	1,644,112	SH		SOLE		1,644,112	0	0
ASTEC INDS INC COM	COM	046224101	1,447	42,200	SH		SOLE		42,200	0	0
Atlas Pipeline Partners UTS	COM	049392103	56,089	1,468,688	SH		SOLE		1,430,233	0	38,455
Atlas Pipeline Partners UTS	COM	049392103	17,417	456,062	SH		DFND	2	456,062	0	0
AVALON HLDGS CORP CL	CLA	05343P109	1,296	375,703	SH		SOLE		375,703	0	0
AVERY DENNISON CORP	COM	053611109	22,918	535,970	SH		SOLE		535,970	0	0
BANCO LATINOAMERICAN	COM	P16994132	8,769	391,657	SH		SOLE		391,657	0	0
BANK OF AMERICA CORP	7.25%CNV PFD L	060505682	915	825	SH		SOLE		825	0	0
BANK OF NEW YORK MEL	COM	064058100	220	7,826	SH		SOLE		7,826	0	0
BANKUNITED INC COM	COM	06652K103	27,713	1,065,462	SH		SOLE		1,065,462	0	0
BBCN BANCORP INC COM	COM	073295107	1,258	88,456	SH		SOLE		88,456	0	0
BECTON DICKINSON & C	COM	075887109	16,486	166,813	SH		SOLE		166,813	0	0
BED BATH & BEYOND IN	COM	075896100	29,360	413,809	SH		SOLE		413,809	0	0
BELO CORP COM SER A	COM	080555105	1,113	79,800	SH		SOLE		79,800	0	0
BERKSHIRE HATHAWAY I	CLB	084670702	30,177	269,626	SH		SOLE		269,626	0	0
BERKSHIRE HATHAWAY I	COM	084670108	4,552	27	SH		SOLE		27	0	0
BEXIL CORP	COM	088577101	5,292	88,200	SH		SOLE		88,200	0	0
BIGLARI HLDGS INC CO	COM	08986R101	10,681	26,026	SH		SOLE		26,026	0	0
BILL BARRET CORP	COM	06846N104	3,074	152,025	SH		SOLE		152,025	0	0
Boardwalk Pipeline Partners	COM	096627104	42,506	1,407,473	SH		SOLE		1,407,473	0	0
Boardwalk Pipeline Partners	COM	096627104	22,679	750,975	SH		DFND	2	750,975	0	0
BOISE CASCADE CO	COM	09739D100	16,175	636,570	SH		SOLE		636,570	0	0
BROWN FORMAN CORP CL	CLB	115637209	213	3,155	SH		SOLE		3,155	0	0
Buckeye Partners L.P.	COM	118230101	118,686	1,691,645	SH		SOLE		1,649,595	0	42,050
Buckeye Partners L.P.	COM	118230101	29,303	417,665	SH		DFND	2	417,665	0	0
CAPITAL SOUTHWEST CO	COM	140501107	3,149	22,849	SH		SOLE		22,849	0	0
CARRIZO OIL & GAS IN	COM	144577103	69,936	2,468,634	SH		SOLE		2,468,634	0	0
CASEYS GEN STORES IN	COM	147528103	75,482	1,254,686	SH		SOLE		1,254,686	0	0
Centerpoint Energy Inc	COM	15189T107	7,296	310,600	SH		SOLE		310,600	0	0
CENTURYLINK INC.	COM	156700106	1,187	33,567	SH		SOLE		33,567	0	0
CHECKPOINT SYS INC C	COM	162825103	615	43,328	SH		SOLE		43,328	0	0
CHEVIOT FINANCIAL CO	COM	16677X105	1,468	129,542	SH		SOLE		129,542	0	0
CHEVRON CORPORATION	COM	166764100	27,836	235,221	SH		SOLE		235,221	0	0
CHICAGO RIVET & MACH	COM	168088102	1,775	65,700	SH		SOLE		65,700	0	0
CHINA YUCHAI INTL LT	COM	G21082105	3,933	223,105	SH		SOLE		223,105	0	0
CHUBB CORP	COM	171232101	1,858	21,949	SH		SOLE		21,949	0	0
CIT GROUP INC	COM	125581801	115,850	2,484,445	SH		SOLE		2,484,445	0	0
CLAYMORE EXCHANGE TR	GUGG SPINOFF ETF	18383M605	224	6,079	SH		SOLE		6,079	0	0
CNO FINL GROUP INC C	COM	12621E103	37,810	2,917,441	SH		SOLE		2,917,441	0	0
COLGATE PALMOLIVE CO	COM	194162103	802	14,004	SH		SOLE		14,004	0	0
COMCAST CORP CL A	CLA	20030N101	14,321	343,013	SH		SOLE		343,013	0	0
COMERICA INC	COM	200340107	96,183	2,414,850	SH		SOLE		2,414,850	0	0
COMMONWEALTH REIT 6.	6.50% PFD CUM CO	203233408	1,053	45,700	SH		SOLE		45,700	0	0
COMMONWEALTH REIT SH	COM	203233101	578	25,000	SH		SOLE		25,000	0	0
COMMUNICATIONS SYS I	COM	203900105	1,371	142,507	SH		SOLE		142,507	0	0
CONOCOPHILLIPS	COM	20825C104	1,507	24,904	SH		SOLE		24,904	0	0
CONVERGYS CORP	COM	212485106	8,573	491,880	SH		SOLE		491,880	0	0
CORE MARK HOLDING CO	COM	218681104	65,970	1,038,903	SH		SOLE		1,038,903	0	0
COURIER CORP COM	COM	222660102	1,358	95,130	SH		SOLE		95,130	0	0
COVIDIEN PLC	COM	G2554F113	381	6,057	SH		SOLE		6,057	0	0
Crestwood Midstream Partners L	COM	226372100	11,297	452,765	SH		SOLE		452,765	0	0
Crestwood Midstream Partners L	COM	226372100	20,001	801,654	SH		DFND	2	801,654	0	0
CRIMSON WINE GROUP L	COM	22662X100	106	12,432	SH		SOLE		12,432	0	0
Crosstex Energy L.P.	COM	22765U102	12,393	601,005	SH		SOLE		601,005	0	0
Crosstex Energy L.P.	COM	22765U102	9,137	443,135	SH		DFND	2	443,135	0	0
CST BRANDS INC COM	COM	12646R105	9,016	292,634	SH		SOLE		292,634	0	0
CSX CORP	COM	126408103	14,033	605,152	SH		SOLE		605,152	0	0
DCP Midstream Partners LP	COM	23311p100	163,175	3,016,177	SH		SOLE		2,950,527	0	65,650
DCP Midstream Partners LP	COM	23311p100	49,772	920,004	SH		DFND	2	920,004	0	0
DEERE & CO	COM	244199105	19,161	235,828	SH		SOLE		235,828	0	0
Delek Logistics Partners LP	COM	24664t103	26,497	809,065	SH		SOLE		809,065	0	0
Delek Logistics Partners LP	COM	24664t103	10,607	323,885	SH		DFND	2	323,885	0	0
DELTIC TIMBER CORP	COM	247850100	38,489	665,675	SH		SOLE		665,675	0	0
DENBURY RESOURCES IN	COM	247916208	6,031	348,185	SH		SOLE		348,185	0	0
DESTINATION XL GROUP	COM	25065K104	26,752	4,219,592	SH		SOLE		4,219,592	0	0
DIRECTV	COM	25490A309	13,354	216,640	SH		SOLE		216,640	0	0
DISCOVER FINANCIAL S	COM	254709108	50,097	1,051,572	SH		SOLE		1,051,572	0	0
DOMINION DIAMOND COR	COM	257287102	23,986	1,697,508	SH		SOLE		1,697,508	0	0
DUKE ENERGY CORPORAT	COM	26441C204	1,799	26,653	SH		SOLE		26,653	0	0
EASTERN INS HLDGS IN	COM	276534104	2,056	109,664	SH		SOLE		109,664	0	0
EATON CORP PLC SHS	COM	G29183103	412	6,263	SH		SOLE		6,263	0	0
EATON VANCE FLTING R	COM	278279104	692	41,770	SH		SOLE		41,770	0	0
EATON VANCE SR FLTNG	COM	27828Q105	776	47,680	SH		SOLE		47,680	0	0
El Paso Pipeline Partners, LP	COM	283702108	692	15,848	SH		SOLE		15,848	0	0
El Paso Pipeline Partners, LP	COM	283702108	12,234	280,152	SH		DFND	2	280,152	0	0
EMERSON ELEC CO	COM	291011104	19,050	349,280	SH		SOLE		349,280	0	0
Enbridge Energy Management, LL	COM	29250x103	25,142	830,314	SH		SOLE		830,314	0	0
Enbridge Energy Partners L.P.	COM	29250R106	2,712	88,946	SH		SOLE		88,946	0	0
Enbridge Energy Partners L.P.	COM	29250R106	15,396	504,954	SH		DFND	2	504,954	0	0
ENCORE CAP GROUP INC	COM	292554102	33,966	1,025,839	SH		SOLE		1,025,839	0	0
ENCORE WIRE CORP	COM	292562105	81,399	2,387,058	SH		SOLE		2,387,058	0	0
Energy Transfer Equity, L.P.	COM	29273V100	224,743	3,756,983	SH		SOLE		3,690,443	0	66,540
Energy Transfer Equity, L.P.	COM	29273V100	86,854	1,451,915	SH		DFND	2	1,451,915	0	0
Energy Transfer Partners LP	COM	29273r109	3,214	63,596	SH		SOLE		63,596	0	0
Energy Transfer Partners LP	COM	29273r109	11,586	229,237	SH		DFND	2	229,237	0	0
ENSTAR GROUP LIMITED	COM	G3075P101	41,190	309,746	SH		SOLE		309,746	0	0
Enterprise Products Partners L	COM	293792107	218,099	3,509,228	SH		SOLE		3,445,523	0	63,705
Enterprise Products Partners L	COM	293792107	88,310	1,420,925	SH		DFND	2	1,420,925	0	0
ENTRAVISION COMMUNIC	CLA	29382R107	481	78,225	SH		SOLE		78,225	0	0
EQT Corporation	COM	26884l109	16,022	201,866	SH		SOLE		201,866	0	0
EQT Midstream Partners LP	COM	26885b100	38,455	787,210	SH		SOLE		787,210	0	0
EQT Midstream Partners LP	COM	26885b100	11,583	237,120	SH		DFND	2	237,120	0	0
ESPEY MFG & ELECTRS	COM	296650104	2,043	79,482	SH		SOLE		79,482	0	0
EV Energy Partners LP	COM	26926V107	92,149	2,465,858	SH		SOLE		2,423,348	0	42,510
EV Energy Partners LP	COM	26926V107	37,192	995,247	SH		DFND	2	995,247	0	0
EVOLUTION PETROLEUM	COM	30049A107	18,682	1,712,345	SH		SOLE		1,712,345	0	0
EXCO RESOURCES INC C	COM	269279402	1,039	136,050	SH		SOLE		136,050	0	0
Exterran Partners LP	COM	30225N105	16,724	553,966	SH		SOLE		553,966	0	0
Exterran Partners LP	COM	30225N105	9,443	312,795	SH		DFND	2	312,795	0	0
EXXON MOBIL CORP	COM	30231G102	843	9,332	SH		SOLE		9,332	0	0
FIFTH THIRD BANCORP	COM	316773100	334	18,512	SH		SOLE		18,512	0	0
FIRST LONG IS CORP C	COM	320734106	2,096	63,164	SH		SOLE		63,164	0	0
FOOT LOCKER INC	COM	344849104	93,177	2,652,338	SH		SOLE		2,652,338	0	0
FRONTIER COMMUNICATI	COM	35906A108	47	11,498	SH		SOLE		11,498	0	0
FUELCELL ENERGY INC	COM	35952H106	18	14,400	SH		SOLE		14,400	0	0
GATX CORP	COM	361448103	36,233	763,926	SH		SOLE		763,926	0	0
Genesis Energy LP	COM	371927104	119,014	2,296,236	SH		SOLE		2,238,821	0	57,415
Genesis Energy LP	COM	371927104	34,818	671,775	SH		DFND	2	671,775	0	0
GLATFELTER COM	COM	377316104	25,600	1,019,939	SH		SOLE		1,019,939	0	0
GLAXOSMITHKLINE PLC	COM	37733W105	1,437	28,760	SH		SOLE		28,760	0	0
Global Partners LP	COM	37946r109	161	4,045	SH		SOLE		4,045	0	0
Golar LNG Partners LP	COM	y2745c102	11,634	341,180	SH		SOLE		341,180	0	0
Golar LNG Partners LP	COM	y2745c102	11,436	335,360	SH		DFND	2	335,360	0	0
GOVERNMENT PPTYS INC	COM	38376A103	1,184	46,949	SH		SOLE		46,949	0	0
GRAFTECH INTL LTD CO	COM	384313102	299	41,100	SH		SOLE		41,100	0	0
GREAT LAKES DREDGE &	COM	390607109	584	74,700	SH		SOLE		74,700	0	0
GREENE CNTY BANCORP	COM	394357107	1,024	47,626	SH		SOLE		47,626	0	0
GULFPORT ENERGY CORP	COM	402635304	167,765	3,562,637	SH		SOLE		3,562,637	0	0
HALCON RES CORP COM	COM	40537Q209	2,171	382,960	SH		SOLE		382,960	0	0
HASBRO INC	COM	418056107	2,625	58,559	SH		SOLE		58,559	0	0
HEALTHCARE SERVICES	COM	421906108	23,128	943,213	SH		SOLE		943,213	0	0
HERITAGE FINANCIAL G	COM	42726X102	2,232	151,303	SH		SOLE		151,303	0	0
HHGREGG INC COM	COM	42833L108	22,401	1,402,667	SH		SOLE		1,402,667	0	0
Holly Energy Partners LP	COM	435763107	1,916	50,356	SH		SOLE		50,356	0	0
HOME FEDERAL BANCORP	COM	43710G105	3,226	253,195	SH		SOLE		253,195	0	0
HORSEHEAD HLDG CORP	COM	440694305	1,541	120,270	SH		SOLE		120,270	0	0
HUMANA INC	COM	444859102	12,067	143,005	SH		SOLE		143,005	0	0
HYATT HOTELS CORP CL	CLA	448579102	68,472	1,696,533	SH		SOLE		1,696,533	0	0
I B M	COM	459200101	20,682	108,223	SH		SOLE		108,223	0	0
Inergy LP	COM	456615103	105,628	6,593,490	SH		SOLE		6,423,910	0	169,580
Inergy LP	COM	456615103	37,004	2,309,866	SH		DFND	2	2,309,866	0	0
Inergy Midstream, L.P.	COM	45671u106	80,574	3,622,931	SH		SOLE		3,614,592	0	8,339
Inergy Midstream, L.P.	COM	45671u106	26,207	1,178,357	SH		DFND	2	1,178,357	0	0
INTREPID POTASH INC	COM	46121Y102	79,446	4,170,387	SH		SOLE		4,170,387	0	0
INVESTORS BANCORP IN	COM	46146P102	87,632	4,157,123	SH		SOLE		4,157,123	0	0
ISHARES TR DJ SEL DI	DJ SEL DIV INX	464287168	4,135	64,600	SH		SOLE		64,600	0	0
ISHARES TR US PFD ST	US PFD STK IDX	464288687	2,661	67,743	SH		SOLE		67,743	0	0
J.P. MORGAN CHASE &	COM	46625H100	31,281	592,555	SH		SOLE		592,555	0	0
JOHNSON & JOHNSON	COM	478160104	20,096	234,050	SH		SOLE		234,050	0	0
K12 INC COM	COM	48273U102	263	10,000	SH		SOLE		10,000	0	0
KAISER ALUMINUM CORP	COM	483007704	19,650	317,245	SH		SOLE		317,245	0	0
KEYCORP	COM	493267108	52,633	4,767,464	SH		SOLE		4,767,464	0	0
Kinder Morgan Energy Partners	COM	494550106	13,761	161,138	SH		SOLE		149,718	0	11,420
Kinder Morgan Energy Partners	COM	494550106	33,964	397,703	SH		DFND	2	397,703	0	0
Kinder Morgan Inc.	COM	49456b101	168,745	4,423,187	SH		SOLE		4,408,302	0	14,885
Kinder Morgan Inc.	COM	49456b101	31,289	820,165	SH		DFND	2	820,165	0	0
Kinder Morgan Management, LLC	COM	49455U100	73,007	873,394	SH		SOLE		842,723	0	30,671
Kinder Morgan Management, LLC	COM	49455U100	50,896	608,878	SH		DFND	2	608,878	0	0
KNOT Offshore Partners LP	COM	y48125101	1,049	47,640	SH		SOLE		46,765	0	875
KNOT Offshore Partners LP	COM	y48125101	749	34,035	SH		DFND	2	34,035	0	0
KRAFT FOODS GROUP IN	COM	50076Q106	1,289	23,070	SH		SOLE		23,070	0	0
LAYNE CHRISTENSEN CO	COM	521050104	2,090	107,129	SH		SOLE		107,129	0	0
LEUCADIA NATL CORP	COM	527288104	83,558	3,186,789	SH		SOLE		3,186,789	0	0
LIMONEIRA CO	COM	532746104	934	45,050	SH		SOLE		45,050	0	0
LOEWS CORP	COM	540424108	17,516	394,504	SH		SOLE		394,504	0	0
LSB INDS INC COM	COM	502160104	35,623	1,171,437	SH		SOLE		1,171,437	0	0
M D C HOLDINGS INC	COM	552676108	89,458	2,751,699	SH		SOLE		2,751,699	0	0
Magellan Midstream Partners L.	COM	559080106	61,981	1,137,260	SH		SOLE		1,137,260	0	0
Magellan Midstream Partners L.	COM	559080106	56,647	1,039,387	SH		DFND	2	1,039,387	0	0
MAGELLAN PETE CORP	COM	559091301	1,766	1,714,566	SH		SOLE		1,714,566	0	0
MARCUS CORP	COM	566330106	21,866	1,719,040	SH		SOLE		1,719,040	0	0
Markwest Energy Partners LP	COM	570759100	118,327	1,770,036	SH		SOLE		1,732,631	0	37,405
Markwest Energy Partners LP	COM	570759100	36,054	539,325	SH		DFND	2	539,325	0	0
MASTERCARD INC CL A	CLA	57636Q104	909	1,582	SH		SOLE		1,582	0	0
MATERIAL SCIENCES CO	COM	576674105	2,121	210,880	SH		SOLE		210,880	0	0
MATERION CORP COM	COM	576690101	15,893	586,684	SH		SOLE		586,684	0	0
MB FINANCIAL INC NEW	COM	55264U108	26,655	994,585	SH		SOLE		994,585	0	0
MCDONALDS CORP	COM	580135101	20,089	202,915	SH		SOLE		202,915	0	0
MCRAE INDS INC CL A	CLA	582757209	2,569	117,161	SH		SOLE		117,161	0	0
MEDTRONIC INC	COM	585055106	21,273	413,299	SH		SOLE		413,299	0	0
MERCK & COMPANY	COM	58933Y105	19,841	427,153	SH		SOLE		427,153	0	0
MEREDITH CORP	COM	589433101	1,793	37,590	SH		SOLE		37,590	0	0
MERIDIAN INTERSTAT B	COM	58964Q104	2,651	140,787	SH		SOLE		140,787	0	0
MFS CHARTER INCOME T	SH BEN INT	552727109	172	18,575	SH		SOLE		18,575	0	0
MICROSOFT CORP	COM	594918104	21,196	613,581	SH		SOLE		613,581	0	0
MIDWESTONE FINL GROU	COM	598511103	1,391	57,830	SH		SOLE		57,830	0	0
MILLER INDS INC TENN	COM	600551204	1,218	79,220	SH		SOLE		79,220	0	0
MOLEX INC CL A	CLA	608554200	85,748	3,449,219	SH		SOLE		3,449,219	0	0
MOTOROLA SOLUTIONS I	COM	620076307	12,218	211,644	SH		SOLE		211,644	0	0
MPLX LP	COM	55336v100	131	3,550	SH		SOLE		3,550	0	0
NATIONAL BK HLDGS CO	CLA	633707104	26,125	1,326,160	SH		SOLE		1,326,160	0	0
NATIONAL FUEL & GAS	COM	636180101	1,011	17,450	SH		SOLE		17,450	0	0
Natural Resource Partners LP	COM	63900p103	299	14,541	SH		SOLE		14,541	0	0
NAVIGATORS GROUP INC	COM	638904102	26,450	463,707	SH		SOLE		463,707	0	0
NEW RESIDENTIAL INVT	COM	64828T102	25,246	3,745,748	SH		SOLE		3,745,748	0	0
NEW ULM TELECOM INC	COM	649060100	855	143,640	SH		SOLE		143,640	0	0
NEWS CORP/NEW-CL A-W	CLA	65249B109	49,762	3,263,065	SH		SOLE		3,263,065	0	0
NEXTERA ENERGY INC	COM	65339F101	248	3,040	SH		SOLE		3,040	0	0
NICHOLAS FINANCIAL I	COM	65373J209	2,180	144,210	SH		SOLE		144,210	0	0
Nisource	COM	65473p105	7,301	254,935	SH		SOLE		254,935	0	0
NORTHERN TR CORP	COM	665859104	353	6,102	SH		SOLE		6,102	0	0
NORTHFIELD BANCORP I	COM	66611T108	28,622	2,442,145	SH		SOLE		2,442,145	0	0
NuStar Energy LP	COM	67058H102	97	2,130	SH		SOLE		2,130	0	0
NUVEEN PA INVT QUALI	COM	670972108	141	10,100	SH		SOLE		10,100	0	0
NUVEEN QUALITY PFD I	COM	67071S101	106	12,800	SH		SOLE		12,800	0	0
OAKTREE CAP GROUP LL	CLA	674001201	1,282	24,400	SH		SOLE		24,400	0	0
Occidental Petroleum	COM	674599105	5,801	65,015	SH		SOLE		65,015	0	0
OFG BANCORP	COM	67103X102	3,809	210,353	SH		SOLE		210,353	0	0
Oiltanking Partners LP	COM	678049107	7,981	157,105	SH		SOLE		157,105	0	0
Oiltanking Partners LP	COM	678049107	4,471	88,021	SH		DFND	2	88,021	0	0
Oneok Inc.	COM	682680103	9,071	219,575	SH		SOLE		219,575	0	0
Oneok Partners LP	COM	68268N103	1,906	38,479	SH		SOLE		38,479	0	0
Oneok Partners LP	COM	68268N103	26,493	535,000	SH		DFND	2	535,000	0	0
OPPENHEIMER HLDGS IN	CLA	683797104	1,382	72,610	SH		SOLE		72,610	0	0
ORITANI FINL CORP	COM	68633D103	4,419	281,814	SH		SOLE		281,814	0	0
OSHKOSH CORP COM	COM	688239201	111,537	2,937,513	SH		SOLE		2,937,513	0	0
OWENS CORNING NEW CO	COM	690742101	109,524	2,802,547	SH		SOLE		2,802,547	0	0
Oxford Resource Partners LP	COM	691807101	2,225	833,175	SH		SOLE		833,175	0	0
Oxford Resource Partners LP	COM	691807101	975	365,000	SH		DFND	2	365,000	0	0
PACIFIC PREMIER BANC	COM	69478X105	2,223	181,937	SH		SOLE		181,937	0	0
PDC ENERGY INC COM	COM	69327R101	9,286	180,389	SH		SOLE		180,389	0	0
PENNEY J C INC	COM	708160106	1,243	72,765	SH		SOLE		72,765	0	0
PEPSICO INC	COM	713448108	22,998	281,179	SH		SOLE		281,179	0	0
PERICOM SEMICONDUCTO	COM	713831105	369	51,880	SH		SOLE		51,880	0	0
PGT INC COM	COM	69336V101	543	62,600	SH		SOLE		62,600	0	0
PHILIP MORRIS INTL I	COM	718172109	471	5,440	SH		SOLE		5,440	0	0
PIMCO CORPORATE & IN	COM	72201B101	2,951	150,945	SH		SOLE		150,945	0	0
PIMCO CORPORATE & IN	COM	72200U100	7,189	412,465	SH		SOLE		412,465	0	0
PIMCO ETF TR 0-5 HIG	0-5 HIGH YIELD	72201R783	4,449	43,334	SH		SOLE		43,334	0	0
PIONEER NATURAL RESO	COM	723787107	101,903	703,992	SH		SOLE		703,992	0	0
Plains All American Pipeline L	COM	726503105	226,513	4,058,642	SH		SOLE		3,989,762	0	68,880
Plains All American Pipeline L	COM	726503105	82,146	1,471,892	SH		DFND	2	1,471,892	0	0
PLUM CREEK TIMBER CO	COM	729251108	79,880	1,711,589	SH		SOLE		1,711,589	0	0
PROCTER & GAMBLE COM	COM	742718109	2,104	27,333	SH		SOLE		27,333	0	0
QEP Resources Inc	COM	74733v100	5,477	197,171	SH		SOLE		197,171	0	0
Questar	COM	748356102	5,710	239,410	SH		SOLE		239,410	0	0
RANGE RES CORP	COM	75281A109	44,938	581,193	SH		SOLE		581,193	0	0
RAYMOND JAMES FINANC	COM	754730109	74,186	1,726,067	SH		SOLE		1,726,067	0	0
RAYTHEON CO	COM	755111507	19,863	300,404	SH		SOLE		300,404	0	0
REGENCY AFFILIATES I	COM	758847404	914	114,215	SH		SOLE		114,215	0	0
Regency Energy Partners LP	COM	75885y107	621	23,030	SH		SOLE		23,030	0	0
RESOLUTE ENERGY CORP	COM	76116A108	17,617	2,207,615	SH		SOLE		2,207,615	0	0
REX ENERGY CORPORATI	COM	761565100	1,280	72,800	SH		SOLE		72,800	0	0
RICHARDSON ELECTRS L	COM	763165107	2,471	210,513	SH		SOLE		210,513	0	0
Rose Rock Midstream L.P.	COM	777149105	5,195	141,850	SH		SOLE		141,850	0	0
Rose Rock Midstream L.P.	COM	777149105	5,106	139,430	SH		DFND	2	139,430	0	0
ROSS STORES INC	COM	778296103	14,306	220,732	SH		SOLE		220,732	0	0
RYDEX ETF TRUST S&P	GUG S&P500 EQ WT	78355W106	786	12,831	SH		SOLE		12,831	0	0
SCHEID VINEYARDS INC	CLA	806403200	805	33,210	SH		SOLE		33,210	0	0
SCHNITZER STL INDS I	CLA	806882106	50,326	2,152,515	SH		SOLE		2,152,515	0	0
SEACOR HOLDINGS INC	COM	811904101	47,547	572,513	SH		SOLE		572,513	0	0
SENECA FOODS CORP NE	CLA	817070501	8,625	281,138	SH		SOLE		281,138	0	0
SHENANDOAH TELECOMMU	COM	82312B106	2,961	177,535	SH		SOLE		177,535	0	0
SILVER BAY RLTY TR C	COM	82735Q102	15,470	934,207	SH		SOLE		934,207	0	0
SINCLAIR BROADCAST G	CLA	829226109	89,842	3,058,978	SH		SOLE		3,058,978	0	0
SM ENERGY CO COM	COM	78454L100	2,399	40,000	SH		SOLE		40,000	0	0
SMUCKER J M CO	COM	832696405	10,436	101,176	SH		SOLE		101,176	0	0
Southcross Energy Partners, L.	COM	84130c100	24,577	1,069,025	SH		SOLE		1,067,240	0	1,785
Southcross Energy Partners, L.	COM	84130c100	12,246	532,660	SH		DFND	2	532,660	0	0
SOUTHERN CO	COM	842587107	1,436	32,549	SH		SOLE		32,549	0	0
SOUTHWESTERN ENERGY	COM	845467109	1,079	29,532	SH		SOLE		29,532	0	0
Spectra Energy Corp.	COM	847560109	6,428	186,535	SH		SOLE		186,535	0	0
STATE BK FINL CORP C	COM	856190103	1,301	86,540	SH		SOLE		86,540	0	0
Sunoco Logistics Partners LP	COM	86764L108	2,626	41,070	SH		SOLE		41,070	0	0
SUPERIOR UNIFORM INC	COM	868358102	4,150	384,624	SH		SOLE		384,624	0	0
SUSSER HLDGS CORP	COM	869233106	120,768	2,522,303	SH		SOLE		2,522,303	0	0
Susser Petroleum Partners LP	COM	869239103	1,439	49,106	SH		SOLE		49,106	0	0
Susser Petroleum Partners LP	COM	869239103	1,372	46,836	SH		DFND	2	46,836	0	0
SYMETRA FINL CORP	COM	87151Q106	40,356	2,523,834	SH		SOLE		2,523,834	0	0
Tallgrass Energy Partners LP	COM	874697105	7,649	364,250	SH		SOLE		359,405	0	4,845
Tallgrass Energy Partners LP	COM	874697105	3,979	189,460	SH		DFND	2	189,460	0	0
TANDY BRANDS ACCESSO	COM	875378101	19	31,569	SH		SOLE		31,569	0	0
Targa Resources Corp.	COM	87612G101	16,885	262,470	SH		SOLE		262,470	0	0
Targa Resources Partners LP	COM	87611x105	819	16,227	SH		SOLE		16,227	0	0
Targa Resources Partners LP	COM	87611x105	13,245	262,530	SH		DFND	2	262,530	0	0
TARGET CORP	COM	87612E106	22,225	322,758	SH		SOLE		322,758	0	0
TC Pipelines, LP	COM	87233q108	73,481	1,521,976	SH		SOLE		1,478,591	0	43,385
TC Pipelines, LP	COM	87233q108	21,211	439,340	SH		DFND	2	439,340	0	0
TECH DATA CORP	COM	878237106	30,807	654,219	SH		SOLE		654,219	0	0
Teekay Offshore Partners, L.P.	COM	y8565J101	71,122	2,190,391	SH		SOLE		2,145,286	0	45,105
Teekay Offshore Partners, L.P.	COM	y8565J101	22,073	679,810	SH		DFND	2	679,810	0	0
TELETECH HOLDINGS IN	COM	879939106	36,493	1,557,517	SH		SOLE		1,557,517	0	0
TESCO CORP COM	COM	88157K101	21,349	1,611,228	SH		SOLE		1,611,228	0	0
Tesoro Logistics LP	COM	88160T107	74,220	1,227,588	SH		SOLE		1,187,888	0	39,700
Tesoro Logistics LP	COM	88160T107	19,137	316,530	SH		DFND	2	316,530	0	0
TEXAS PAC LD TR SUB	COM	882610108	211	2,500	SH		SOLE		2,500	0	0
TITAN MACHY INC COM	COM	88830R101	27,097	1,380,376	SH		SOLE		1,380,376	0	0
TransCanada Corporation	COM	89353d107	10,711	248,465	SH		SOLE		248,465	0	0
TransMontaigne Partners L.P.	COM	89376V100	11,331	270,372	SH		SOLE		270,372	0	0
TransMontaigne Partners L.P.	COM	89376V100	7,863	187,609	SH		DFND	2	187,609	0	0
TRIBUNE CO NEW CL A	CLA	896047503	95,867	1,684,830	SH		SOLE		1,684,830	0	0
TRINITY BIOTECH PLC	COM	896438306	370	21,970	SH		SOLE		21,970	0	0
TRINITY INDS INC	COM	896522109	87,598	2,278,822	SH		SOLE		2,278,822	0	0
TWO HBRS INVT CORP C	COM	90187B101	351	34,220	SH		SOLE		34,220	0	0
U S BANCORP	COM	902973304	19,296	533,780	SH		SOLE		533,780	0	0
UNILEVER PLC SPON AD	COM	904767704	19,976	493,838	SH		SOLE		493,838	0	0
UNION PAC CORP	COM	907818108	24,234	157,075	SH		SOLE		157,075	0	0
UNITED FINANCIAL BAN	COM	91030T109	409	26,987	SH		SOLE		26,987	0	0
UNITED TECHNOLOGIES	COM	913017109	18,619	200,335	SH		SOLE		200,335	0	0
UNITEDHEALTH GROUP I	COM	91324P102	25,820	394,312	SH		SOLE		394,312	0	0
UNIVERSAL AMERICAN S	COM	91338E101	27,852	3,132,993	SH		SOLE		3,132,993	0	0
UNVL STAINLESS & ALL	COM	913837100	540	18,325	SH		SOLE		18,325	0	0
USA TECHNOLOGIES INC	COM	90328S500	337	193,470	SH		SOLE		193,470	0	0
VAIL RESORTS INC	COM	91879Q109	61,064	992,585	SH		SOLE		992,585	0	0
VELATEL GLOBAL COMMU	COM	92256R207	7	700,000	SH		SOLE		700,000	0	0
VERIZON COMMUNICATIO	COM	92343V104	2,326	46,202	SH		SOLE		46,202	0	0
VIAD CORP COM NEW	COM	92552R406	24,867	1,014,152	SH		SOLE		1,014,152	0	0
VISTEON CORP COM NEW	COM	92839U206	77,800	1,232,566	SH		SOLE		1,232,566	0	0
VULCAN INTL CORP	COM	929136109	1,578	50,738	SH		SOLE		50,738	0	0
WAL MART STORES INC	COM	931142103	24,614	330,440	SH		SOLE		330,440	0	0
WASHINGTON POST CO C	CLB	939640108	222	458	SH		SOLE		458	0	0
WELLS FARGO ADVANTAG	COM	94987D101	925	63,110	SH		SOLE		63,110	0	0
Western Gas Equity Partners LP	COM	95825r103	47,141	1,145,027	SH		SOLE		1,145,027	0	0
Western Gas Equity Partners LP	COM	95825r103	16,469	400,029	SH		DFND	2	400,029	0	0
Western Gas Partners LP	COM	958254104	64,714	997,292	SH		SOLE		958,162	0	39,130
Western Gas Partners LP	COM	958254104	24,872	383,290	SH		DFND	2	383,290	0	0
WESTFIELD FINANCIAL	COM	96008P104	469	66,943	SH		SOLE		66,943	0	0
WHITE MOUNTAINS INSU	COM	G9618E107	83,540	145,303	SH		SOLE		145,303	0	0
Williams Companies	COM	969457100	18,658	574,625	SH		SOLE		574,625	0	0
Williams Partners LP	COM	96950F104	189,920	3,680,617	SH		SOLE		3,605,342	0	75,275
Williams Partners LP	COM	96950F104	73,439	1,423,230	SH		DFND	2	1,423,230	0	0
WINTHROP RLTY TR SH	COM	976391300	1,461	121,445	SH		SOLE		121,445	0	0
WISDOMTREE TRUST LAR	COM	97717W307	342	5,720	SH		SOLE		5,720	0	0
WPX ENERGY INC COM	COM	98212B103	3,940	208,045	SH		SOLE		208,045	0	0
ZIX CORP COM	COM	98974P100	659	155,800	SH		SOLE		155,800	0	0