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

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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
3M COMPANY	COM	88579Y101	1,384	9,870	SH		SOLE		9,870	0	0
A T & T INC (NEW)	COM	00206R102	2,785	79,198	SH		SOLE		79,198	0	0
ACCENTURE PLC IRELAND SHS CLASS A	CLA	G1151C101	1,982	24,107	SH		SOLE		24,107	0	0
ACCESS MIDSTREAM PARTNERS LP	COM	00434L109	134,963	2,385,355	SH		SOLE		2,328,530	0	56,825
ACCESS MIDSTREAM PARTNERS LP	COM	00434L109	31,758	561,290	SH		DFND	2	561,290	0	0
ADECOAGRO S A COM	COM	L00849106	205	25,367	SH		SOLE		25,367	0	0
ADVANTAGE OIL & GAS LTD COM	COM	00765F101	348	75,500	SH		SOLE		75,500	0	0
ADVISORSHARES TR PERITUS HG YLD	PERITUS HG YLD	00768Y503	251	4,860	SH		SOLE		4,860	0	0
AGL RES INC	COM	001204106	748	15,836	SH		SOLE		15,836	0	0
AIR PRODS & CHEMS INC	COM	009158106	20,286	181,484	SH		SOLE		181,484	0	0
ALEXANDER & BALDWIN INC NEW COM	COM	014491104	124,783	2,990,236	SH		SOLE		2,990,236	0	0
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	99,661	2,797,115	SH		SOLE		2,797,115	0	0
ALLIANCE HOLDINGS GP LP	COM	01861G100	32,671	557,242	SH		SOLE		541,212	0	16,030
ALLIANCE HOLDINGS GP LP	COM	01861G100	12,748	217,425	SH		DFND	2	217,425	0	0
ALLIANCE RESOURCE PARTNERS	COM	01877R108	9,504	123,425	SH		SOLE		123,425	0	0
ALLIANCE RESOURCE PARTNERS	COM	01877R108	9,305	120,840	SH		DFND	2	120,840	0	0
ALLIANCEBERNSTEIN HOLDING LPUNIT LTD PARTN	COM	01881G106	695	32,590	SH		SOLE		32,590	0	0
ALLIED WRLD ASSUR COM HLDG ASHS	COM	H01531104	100,726	892,885	SH		SOLE		892,885	0	0
ALTRIA GROUP INC	COM	02209S103	2,548	66,382	SH		SOLE		66,382	0	0
AMERCO INC	COM	023586100	53,948	226,823	SH		SOLE		226,823	0	0
AMERICAN CAPITAL LTD.	COM	02503Y103	90,151	5,764,110	SH		SOLE		5,764,110	0	0
AMERICAN EXPRESS CO	COM	025816109	25,633	282,522	SH		SOLE		282,522	0	0
AMERICAN INTERNATIONAL GROUP INC	COM	026874784	26,708	523,175	SH		SOLE		523,175	0	0
ANADARKO PETROLEUM	COM	032511107	10,599	133,620	SH		SOLE		133,620	0	0
ANDERSONS INC	COM	034164103	1,429	16,030	SH		SOLE		16,030	0	0
ANTERO RES CORP COM	COM	03674X106	1,407	22,175	SH		SOLE		22,175	0	0
APOLLO INVT CORP COM	COM	03761U106	1,126	132,860	SH		SOLE		132,860	0	0
APPLE INC	COM	037833100	1,098	1,958	SH		SOLE		1,958	0	0
ARC DOCUMENT SOLUTIONS INC COM	COM	00191G103	3,139	381,817	SH		SOLE		381,817	0	0
ARC LOGISTICS PARTNERS LP	COM	03879N101	9,770	446,110	SH		SOLE		446,110	0	0
ARC LOGISTICS PARTNERS LP	COM	03879N101	6,655	303,890	SH		DFND	2	303,890	0	0
ARCELORMITTAL SA LUXEMBOURG NY	COM	03938L104	214	12,006	SH		SOLE		12,006	0	0
ARES CAP CORP	COM	04010L103	2,750	154,770	SH		SOLE		154,770	0	0
ASSOCIATED BANC CORP COM	COM	045487105	20,611	1,184,557	SH		SOLE		1,184,557	0	0
ASTEC INDS INC COM	COM	046224101	1,143	29,580	SH		SOLE		29,580	0	0
ATLAS PIPELINE PARTNERS UTS	COM	049392103	51,458	1,468,124	SH		SOLE		1,431,069	0	37,055
ATLAS PIPELINE PARTNERS UTS	COM	049392103	12,480	356,062	SH		DFND	2	356,062	0	0
ATLAS RESOURCE PARTNERS	COM	04941A101	123	6,000	SH		SOLE		6,000	0	0
AVALON HLDGS CORP CL A	CLA	05343P109	1,954	375,703	SH		SOLE		375,703	0	0
BANCO LATINOAMERICANO DE EXPCL E	COM	P16994132	9,394	335,249	SH		SOLE		335,249	0	0
BANK OF AMERICA CORPORATION 7.25%CNV PFD L	COM	060505682	610	575	SH		SOLE		575	0	0
BANKUNITED INC COM	COM	06652K103	26,579	807,375	SH		SOLE		807,375	0	0
BED BATH & BEYOND INC	COM	075896100	27,568	343,307	SH		SOLE		343,307	0	0
BERKSHIRE HATHAWAY INC DEL	COM	084670108	2,846	16	SH		SOLE		16	0	0
BERKSHIRE HATHAWAY INC DEL CL B	CLB	084670702	28,406	239,591	SH		SOLE		239,591	0	0
BEXIL CORP	COM	088577101	2,825	88,200	SH		SOLE		88,200	0	0
BIGLARI HLDGS INC COM	COM	08986R101	51,982	102,602	SH		SOLE		102,602	0	0
BILL BARRET CORP	COM	06846N104	1,125	42,025	SH		SOLE		42,025	0	0
BLACKROCK KELSO CAPITAL CORPCOM	COM	092533108	1,679	179,976	SH		SOLE		179,976	0	0
BLOCK H & R INC	COM	093671105	16,848	580,152	SH		SOLE		580,152	0	0
BOARDWALK PIPELINE PARTNERS	COM	096627104	23,249	910,993	SH		SOLE		910,993	0	0
BOARDWALK PIPELINE PARTNERS	COM	096627104	19,165	750,975	SH		DFND	2	750,975	0	0
BOISE CASCADE CO	COM	09739D100	27,801	943,041	SH		SOLE		943,041	0	0
BUCKEYE PARTNERS L.P.	COM	118230101	160,286	2,257,235	SH		SOLE		2,215,675	0	41,560
BUCKEYE PARTNERS L.P.	COM	118230101	90,188	1,270,081	SH		DFND	2	1,270,081	0	0
CAPITAL BK FINL CORP CL A COM	CLA	139794101	17,018	748,064	SH		SOLE		748,064	0	0
CAPITAL SOUTHWEST CORP COM	COM	140501107	3,720	106,685	SH		SOLE		106,685	0	0
CARRIZO OIL & GAS INC	COM	144577103	89,921	2,008,518	SH		SOLE		2,008,518	0	0
CASEYS GEN STORES INC	COM	147528103	51,063	726,882	SH		SOLE		726,882	0	0
CENTERPOINT ENERGY INC	COM	15189T107	4,617	199,165	SH		SOLE		199,165	0	0
CENTURYLINK INC.	COM	156700106	738	23,173	SH		SOLE		23,173	0	0
CHEVIOT FINANCIAL CORP NEW COM	COM	16677X105	1,077	104,542	SH		SOLE		104,542	0	0
CHEVRON CORPORATION	COM	166764100	25,926	207,560	SH		SOLE		207,560	0	0
CHICAGO RIVET & MACHINE CO	COM	168088102	2,178	65,700	SH		SOLE		65,700	0	0
CHINA CORD BLOOD CORP SHS	COM	G21107100	266	66,271	SH		SOLE		66,271	0	0
CHUBB CORP	COM	171232101	2,325	24,065	SH		SOLE		24,065	0	0
CIT GROUP INC	COM	125581801	129,055	2,475,634	SH		SOLE		2,475,634	0	0
CLAYMORE EXCHANGE TRD FD TR GUGG SPINOFF E	GUGG SPINOFF ETF	18383M605	274	6,079	SH		SOLE		6,079	0	0
CNO FINL GROUP INC COM	COM	12621E103	66,676	3,769,107	SH		SOLE		3,769,107	0	0
COLGATE PALMOLIVE CO	COM	194162103	912	13,979	SH		SOLE		13,979	0	0
COMCAST CORP CL A	CLA	20030N101	15,974	307,397	SH		SOLE		307,397	0	0
COMERICA INC	COM	200340107	113,631	2,390,227	SH		SOLE		2,390,227	0	0
COMMONWEALTH REIT 6.50% PFD CUM	COM	203233408	769	37,500	SH		SOLE		37,500	0	0
COMMSCOPE HLDG CO INC COM	COM	20337X109	598	31,600	SH		SOLE		31,600	0	0
COMMUNICATIONS SYS INC	COM	203900105	1,476	132,507	SH		SOLE		132,507	0	0
CONOCOPHILLIPS	COM	20825C104	1,119	15,840	SH		SOLE		15,840	0	0
CONVERGYS CORP	COM	212485106	15,549	738,661	SH		SOLE		738,661	0	0
CORE MARK HOLDING CO INC	COM	218681104	70,532	928,906	SH		SOLE		928,906	0	0
CRESTWOOD EQUITY PARTNERS LP	COM	226344109	119,834	8,664,807	SH		SOLE		8,481,800	0	183,007
CRESTWOOD EQUITY PARTNERS LP	COM	226344109	49,817	3,602,117	SH		DFND	2	3,602,117	0	0
CRESTWOOD MIDSTREAM PARTNERS L	COM	226378107	56,859	2,284,430	SH		SOLE		2,284,430	0	0
CRESTWOOD MIDSTREAM PARTNERS L	COM	226378107	53,643	2,155,217	SH		DFND	2	2,155,217	0	0
CROSSTEX ENERGY L.P.	COM	22765U102	15,898	576,005	SH		SOLE		576,005	0	0
CROSSTEX ENERGY L.P.	COM	22765U102	13,114	475,135	SH		DFND	2	475,135	0	0
CST BRANDS INC COM	COM	12646R105	94,419	2,571,329	SH		SOLE		2,571,329	0	0
CSX CORP	COM	126408103	17,531	609,334	SH		SOLE		609,334	0	0
DCP MIDSTREAM PARTNERS LP	COM	23311P100	162,018	3,217,831	SH		SOLE		3,154,491	0	63,340
DCP MIDSTREAM PARTNERS LP	COM	23311P100	50,622	1,005,404	SH		DFND	2	1,005,404	0	0
DEERE & CO	COM	244199105	21,846	239,203	SH		SOLE		239,203	0	0
DELEK LOGISTICS PARTNERS LP	COM	24664T103	30,811	973,500	SH		SOLE		973,500	0	0
DELEK LOGISTICS PARTNERS LP	COM	24664T103	12,574	397,285	SH		DFND	2	397,285	0	0
DELEK US HLDGS INC COM	COM	246647101	13,912	404,313	SH		SOLE		404,313	0	0
DELTIC TIMBER CORP	COM	247850100	24,079	354,417	SH		SOLE		354,417	0	0
DENBURY RESOURCES INC	COM	247916208	4,579	278,670	SH		SOLE		278,670	0	0
DESTINATION XL GROUP INC	COM	25065K104	27,788	4,249,005	SH		SOLE		4,249,005	0	0
DIRECTV	COM	25490A309	15,375	222,635	SH		SOLE		222,635	0	0
DISCOVER FINANCIAL SERVICES	COM	254709108	55,686	995,284	SH		SOLE		995,284	0	0
DOMINION DIAMOND CORP COM	COM	257287102	4,527	315,274	SH		SOLE		315,274	0	0
DUKE ENERGY CORPORATION COM NEW	COM	26441C204	1,609	23,321	SH		SOLE		23,321	0	0
EATON CORP PLC SHS	COM	G29183103	1,391	18,273	SH		SOLE		18,273	0	0
EL PASO PIPELINE PARTNERS, LP	COM	283702108	596	16,563	SH		SOLE		16,563	0	0
EL PASO PIPELINE PARTNERS, LP	COM	283702108	10,085	280,152	SH		DFND	2	280,152	0	0
EMERSON ELEC CO	COM	291011104	23,720	337,994	SH		SOLE		337,994	0	0
ENBRIDGE ENERGY MANAGEMENT, LL	COM	29250X103	15,971	556,866	SH		SOLE		556,866	0	0
ENBRIDGE ENERGY MANAGEMENT, LL	COM	29250X103	9,661	336,845	SH		DFND	2	336,845	0	0
ENBRIDGE ENERGY PARTNERS LP	COM	29250R106	2,739	91,685	SH		SOLE		91,685	0	0
ENBRIDGE ENERGY PARTNERS LP	COM	29250R106	15,083	504,954	SH		DFND	2	504,954	0	0
ENBRIDGE INC.	COM	29250N105	17,977	411,560	SH		SOLE		411,560	0	0
ENCORE CAP GROUP INC COM	COM	292554102	38,247	760,984	SH		SOLE		760,984	0	0
ENCORE WIRE CORP	COM	292562105	104,626	1,930,365	SH		SOLE		1,930,365	0	0
ENERGY TRANSFER EQUITY, L.P.	COM	29273V100	290,695	3,556,340	SH		SOLE		3,491,930	0	64,410
ENERGY TRANSFER EQUITY, L.P.	COM	29273V100	118,680	1,451,915	SH		DFND	2	1,451,915	0	0
ENERGY TRANSFER PARTNERS UNITS	COM	29273R109	4,043	70,626	SH		SOLE		70,626	0	0
ENERGY TRANSFER PARTNERS UNITS	COM	29273R109	13,124	229,237	SH		DFND	2	229,237	0	0
ENSTAR GROUP LIMITED	COM	G3075P101	35,024	252,137	SH		SOLE		252,137	0	0
ENTERPRISE PRODUCTS PARTNERS L	COM	293792107	234,774	3,541,091	SH		SOLE		3,479,566	0	61,525
ENTERPRISE PRODUCTS PARTNERS L	COM	293792107	94,207	1,420,925	SH		DFND	2	1,420,925	0	0
EOG RESOURCES INC	COM	26875P101	904	5,388	SH		SOLE		5,388	0	0
EQT CORPORATION	COM	26884L109	13,912	154,958	SH		SOLE		154,958	0	0
EQT MIDSTREAM PNTRS LP	COM	26885B100	54,940	934,520	SH		SOLE		934,520	0	0
EQT MIDSTREAM PNTRS LP	COM	26885B100	1,006	17,120	SH		DFND	2	17,120	0	0
ESPEY MFG & ELECTRS CORP	COM	296650104	2,431	74,482	SH		SOLE		74,482	0	0
ETRACS ALERIAN MLP INDEX ETN	COM	90267B682	381	13,100	SH		SOLE		13,100	0	0
EV ENERGY PARTNERS LP	COM	26926V107	81,777	2,410,160	SH		SOLE		2,369,160	0	41,000
EV ENERGY PARTNERS LP	COM	26926V107	36,476	1,075,035	SH		DFND	2	1,075,035	0	0
EVOLUTION PETROLEUM CORP	COM	30049A107	9,193	744,986	SH		SOLE		744,986	0	0
EXCO RESOURCES INC COM	COM	269279402	722	136,050	SH		SOLE		136,050	0	0
EXTERRAN PARTNERS LP	COM	30225N105	17,550	580,556	SH		SOLE		580,556	0	0
EXTERRAN PARTNERS LP	COM	30225N105	12,790	423,095	SH		DFND	2	423,095	0	0
EXXON MOBIL CORP	COM	30231G102	380	3,750	SH		SOLE		3,750	0	0
FIDUS INVT CORP COM	COM	316500107	646	29,710	SH		SOLE		29,710	0	0
FIFTH STREET FINANCE CORP COM	COM	31678A103	1,849	199,900	SH		SOLE		199,900	0	0
FIFTH THIRD BANCORP	COM	316773100	400	19,024	SH		SOLE		19,024	0	0
FOOT LOCKER INC	COM	344849104	93,487	2,255,965	SH		SOLE		2,255,965	0	0
FORESTAR REAL ESTATE GROUP ICOM	COM	346233109	27,259	1,281,553	SH		SOLE		1,281,553	0	0
FRONTIER COMMUNICATIONS CORP	COM	35906A108	64	13,752	SH		SOLE		13,752	0	0
GARRISON CAP INC COM	COM	366554103	297	21,405	SH		SOLE		21,405	0	0
GATX CORP	COM	361448103	23,395	448,434	SH		SOLE		448,434	0	0
GENERAL MLS INC	COM	370334104	213	4,275	SH		SOLE		4,275	0	0
GENESIS ENERGY LP	COM	371927104	121,676	2,314,556	SH		SOLE		2,259,401	0	55,155
GENESIS ENERGY LP	COM	371927104	35,315	671,775	SH		DFND	2	671,775	0	0
GLATFELTER COM	COM	377316104	2,252	81,460	SH		SOLE		81,460	0	0
GLAXOSMITHKLINE PLC ADR SPONSORED	COM	37733W105	856	16,040	SH		SOLE		16,040	0	0
GLOBAL PARTNERS LP	COM	37946R109	143	4,045	SH		SOLE		4,045	0	0
GOLAR LNG PARTNERS LP	COM	Y2745C102	10,321	341,180	SH		SOLE		341,180	0	0
GOLAR LNG PARTNERS LP	COM	Y2745C102	10,961	362,360	SH		DFND	2	362,360	0	0
GOLUB CAP BDC INC COM	COM	38173M102	2,444	127,890	SH		SOLE		127,890	0	0
GRAFTECH INTL LTD COM	COM	384313102	506	45,100	SH		SOLE		45,100	0	0
GRAMERCY PPTY TR INC COM	COM	38489R100	740	128,630	SH		SOLE		128,630	0	0
GREAT LAKES DREDGE & DOCK COCOM	COM	390607109	855	92,900	SH		SOLE		92,900	0	0
GREENE CNTY BANCORP INC	COM	394357107	1,217	47,626	SH		SOLE		47,626	0	0
GULFPORT ENERGY CORP COM NEW	COM	402635304	226,667	3,590,477	SH		SOLE		3,590,477	0	0
HASBRO INC	COM	418056107	3,227	58,669	SH		SOLE		58,669	0	0
HEALTHCARE SERVICES GROUP INC	COM	421906108	1,269	44,738	SH		SOLE		44,738	0	0
HERCULES TECH GROWTH CAP INCCOM	COM	427096508	864	52,680	SH		SOLE		52,680	0	0
HERITAGE FINANCIAL GROUP INC	COM	42726X102	2,347	121,913	SH		SOLE		121,913	0	0
HHGREGG INC COM	COM	42833L108	34,494	2,469,154	SH		SOLE		2,469,154	0	0
HOLLY ENERGY PARTNERS LP	COM	435763107	1,696	52,446	SH		SOLE		52,446	0	0
HORSEHEAD HLDG CORP COM	COM	440694305	4,170	257,260	SH		SOLE		257,260	0	0
HYATT HOTELS CORP CL A	CLA	448579102	77,510	1,567,132	SH		SOLE		1,567,132	0	0
I B M	COM	459200101	21,174	112,885	SH		SOLE		112,885	0	0
INTREPID POTASH INC COM	COM	46121Y102	84,183	5,314,567	SH		SOLE		5,314,567	0	0
INVESTORS BANCORP INC	COM	46146P102	75,901	2,967,209	SH		SOLE		2,967,209	0	0
ISHARES TR DJ SEL DIV INX	SELECT DIVID ETF	464287168	3,004	42,100	SH		SOLE		42,100	0	0
ISHARES TR RUSSL 2000 VAL	COM	464287630	2,637	26,500	SH		SOLE		26,500	0	0
ISHARES TR US PFD STK IDX	U.S. PFD STK ETF	464288687	886	24,043	SH		SOLE		24,043	0	0
J.P. MORGAN CHASE & CO	COM	46625H100	29,471	503,946	SH		SOLE		503,946	0	0
JOHNSON & JOHNSON	COM	478160104	21,117	230,561	SH		SOLE		230,561	0	0
JPMORGAN ALERIAN MLP INDEX ETN	COM	46625H365	318	6,870	SH		SOLE		6,870	0	0
K12 INC COM	COM	48273U102	218	10,000	SH		SOLE		10,000	0	0
KENNEDY-WILSON HLDGS INC COM	COM	489398107	33,911	1,524,102	SH		SOLE		1,524,102	0	0
KEYCORP	COM	493267108	60,388	4,499,833	SH		SOLE		4,499,833	0	0
KINDER MORGAN ENERGY PARTNERS	COM	494550106	12,346	153,063	SH		SOLE		153,063	0	0
KINDER MORGAN ENERGY PARTNERS	COM	494550106	32,079	397,703	SH		DFND	2	397,703	0	0
KINDER MORGAN INC.	COM	49456B101	156,183	4,338,428	SH		SOLE		4,324,133	0	14,295
KINDER MORGAN INC.	COM	49456B101	7,926	220,165	SH		DFND	2	220,165	0	0
KINDER MORGAN MANAGEMENT, LLC	COM	49455U100	69,450	917,917	SH		SOLE		880,968	0	36,949
KINDER MORGAN MANAGEMENT, LLC	COM	49455U100	54,152	715,723	SH		DFND	2	715,723	0	0
KNOT OFFSHORE PARTNERS LP	COM	Y48125101	947	33,685	SH		SOLE		32,810	0	875
KNOT OFFSHORE PARTNERS LP	COM	Y48125101	816	29,035	SH		DFND	2	29,035	0	0
KRAFT FOODS GROUP INC COM	COM	50076Q106	882	16,353	SH		SOLE		16,353	0	0
KULICKE & SOFFA INDS INC COM	COM	501242101	186	13,996	SH		SOLE		13,996	0	0
LAYNE CHRISTENSEN CO COM	COM	521050104	2,196	128,580	SH		SOLE		128,580	0	0
LEUCADIA NATL CORP	COM	527288104	31,505	1,111,679	SH		SOLE		1,111,679	0	0
LIMONEIRA CO	COM	532746104	1,198	45,050	SH		SOLE		45,050	0	0
LOEWS CORP	COM	540424108	19,546	405,176	SH		SOLE		405,176	0	0
LSB INDS INC COM	COM	502160104	72,072	1,757,005	SH		SOLE		1,757,005	0	0
M D C HOLDINGS INC	COM	552676108	82,534	2,559,979	SH		SOLE		2,559,979	0	0
MAGELLAN MIDSTREAM PARTNERS L.	COM	559080106	72,059	1,138,905	SH		SOLE		1,138,905	0	0
MAGELLAN MIDSTREAM PARTNERS L.	COM	559080106	77,151	1,219,387	SH		DFND	2	1,219,387	0	0
MAGELLAN PETE CORP	COM	559091301	1,730	1,679,566	SH		SOLE		1,679,566	0	0
MAIN STREET CAPITAL CORP COM	COM	56035L104	847	25,900	SH		SOLE		25,900	0	0
MARCUS CORP	COM	566330106	4,362	324,575	SH		SOLE		324,575	0	0
MARKWEST ENERGY PARTNERS LP	COM	570759100	121,493	1,837,191	SH		SOLE		1,801,216	0	35,975
MARKWEST ENERGY PARTNERS LP	COM	570759100	37,319	564,325	SH		DFND	2	564,325	0	0
MATERIAL SCIENCES CORP COM	COM	576674105	4,005	339,085	SH		SOLE		339,085	0	0
MATERION CORP COM	COM	576690101	4,159	134,803	SH		SOLE		134,803	0	0
MCDONALDS CORP	COM	580135101	19,776	203,809	SH		SOLE		203,809	0	0
MCRAE INDS INC CL A	CLA	582757209	3,931	117,161	SH		SOLE		117,161	0	0
MEDALLION FINL CORP COM	COM	583928106	532	37,060	SH		SOLE		37,060	0	0
MEDLEY CAP CORP COM	COM	58503F106	1,443	104,170	SH		SOLE		104,170	0	0
MEDTRONIC INC	COM	585055106	23,310	406,169	SH		SOLE		406,169	0	0
MERCK & COMPANY	COM	58933Y105	1,115	22,278	SH		SOLE		22,278	0	0
MERIDIAN INTERSTAT BANCORP INC	COM	58964Q104	2,077	92,002	SH		SOLE		92,002	0	0
MICROSOFT CORP	COM	594918104	22,781	608,954	SH		SOLE		608,954	0	0
MIDWESTONE FINL GROUP INC NECOM	COM	598511103	1,260	46,336	SH		SOLE		46,336	0	0
MILLER INDS INC TENN COM NEW	COM	600551204	1,523	81,725	SH		SOLE		81,725	0	0
MONDELEZ INTL INC COM	COM	609207105	22,661	641,958	SH		SOLE		641,958	0	0
MONROE CAP CORP COM	COM	610335101	345	28,270	SH		SOLE		28,270	0	0
MONSTER WORLDWIDE INC	COM	611742107	611	85,700	SH		SOLE		85,700	0	0
MOTOROLA SOLUTIONS INC COM NE	COM	620076307	14,085	208,674	SH		SOLE		208,674	0	0
MPLX LP	COM	55336V100	158	3,550	SH		SOLE		3,550	0	0
MPLX LP	COM	55336V100	891	20,000	SH		DFND	2	20,000	0	0
MVC CAPITAL INC COM	COM	553829102	515	38,160	SH		SOLE		38,160	0	0
NATIONAL BK HLDGS CORP CL A	CLA	633707104	27,650	1,292,056	SH		SOLE		1,292,056	0	0
NATIONAL FUEL & GAS CO	COM	636180101	1,246	17,450	SH		SOLE		17,450	0	0
NATURAL RESOURCE PARTNERS LP	COM	63900P103	312	15,646	SH		SOLE		15,646	0	0
NAVIGATORS GROUP INC	COM	638904102	23,844	377,517	SH		SOLE		377,517	0	0
NEW MTN FIN CORP COM	COM	647551100	1,461	97,170	SH		SOLE		97,170	0	0
NEW ULM TELECOM INC CAP STK	COM	649060100	944	143,640	SH		SOLE		143,640	0	0
NEWS CORP/NEW-CL A	CLA	65249B109	116,317	6,454,904	SH		SOLE		6,454,904	0	0
NEXTERA ENERGY INC	COM	65339F101	271	3,160	SH		SOLE		3,160	0	0
NICHOLAS FINANCIAL INC COM NEW	COM	65373J209	4,467	283,814	SH		SOLE		283,814	0	0
NISOURCE	COM	65473P105	5,174	157,350	SH		SOLE		157,350	0	0
NORTHERN TR CORP	COM	665859104	394	6,362	SH		SOLE		6,362	0	0
NORTHFIELD BANCORP INC DEL COM	COM	66611T108	45,610	3,455,286	SH		SOLE		3,455,286	0	0
OAKTREE CAP GROUP LLC UNIT CL A	CLA	674001201	856	14,550	SH		SOLE		14,550	0	0
OCCIDENTAL PETROLEUM	COM	674599105	6,503	68,385	SH		SOLE		68,385	0	0
OILTANKING PARTNERS LP	COM	678049107	10,251	165,160	SH		SOLE		165,160	0	0
OILTANKING PARTNERS LP	COM	678049107	6,395	103,021	SH		DFND	2	103,021	0	0
OMEGA PROTEIN CORP COM	COM	68210P107	895	72,835	SH		SOLE		72,835	0	0
ONEOK INC.	COM	682680103	14,036	225,735	SH		SOLE		225,735	0	0
ONEOK PARTNERS LP	COM	68268N103	1,707	32,418	SH		SOLE		32,418	0	0
ONEOK PARTNERS LP	COM	68268N103	28,168	535,000	SH		DFND	2	535,000	0	0
OPPENHEIMER HLDGS INC CL A NON VTG	CLA	683797104	1,903	76,814	SH		SOLE		76,814	0	0
ORITANI FINL CORP	COM	68633D103	1,940	120,887	SH		SOLE		120,887	0	0
OSHKOSH CORP COM	COM	688239201	167,162	3,318,023	SH		SOLE		3,318,023	0	0
OWENS CORNING NEW COM	COM	690742101	130,277	3,199,329	SH		SOLE		3,199,329	0	0
OXFORD RESOURCE PARTNERS LP	COM	691807101	888	721,921	SH		SOLE		721,921	0	0
OXFORD RESOURCE PARTNERS LP	COM	691807101	449	365,000	SH		DFND	2	365,000	0	0
PAA NATURAL GAS STORAGE LP	COM	693139107	148	6,431	SH		SOLE		6,431	0	0
PACIFIC PREMIER BANCORP	COM	69478X105	2,314	146,993	SH		SOLE		146,993	0	0
PDC ENERGY INC COM	COM	69327R101	6,272	117,848	SH		SOLE		117,848	0	0
PENNANTPARK FLOATING RATE CACOM	COM	70806A106	312	22,720	SH		SOLE		22,720	0	0
PENNANTPARK INVT CORP COM	COM	708062104	2,162	186,350	SH		SOLE		186,350	0	0
PEPSICO INC	COM	713448108	23,767	286,551	SH		SOLE		286,551	0	0
PERICOM SEMICONDUCTOR CORP COM	COM	713831105	448	50,610	SH		SOLE		50,610	0	0
PFSWEB INC COM NEW	COM	717098206	540	59,500	SH		SOLE		59,500	0	0
PHILLIPS 66 COM	COM	718546104	1,111	14,404	SH		SOLE		14,404	0	0
PIMCO CORPORATE & INCOME OPPORTUNITY FUND	COM	72201B101	1,933	111,995	SH		SOLE		111,995	0	0
PIMCO CORPORATE & INCOME STRATEGY FUND	COM	72200U100	4,735	299,705	SH		SOLE		299,705	0	0
PIMCO ETF TR 0-5 HIGH YIELD	0-5 HIGH YIELD	72201R783	1,753	16,478	SH		SOLE		16,478	0	0
PIONEER NATURAL RESOURCES CO	COM	723787107	113,862	618,580	SH		SOLE		618,580	0	0
PLAINS ALL AMERICAN PIPELINE L	COM	726503105	157,203	3,036,562	SH		SOLE		3,006,207	0	30,355
PLAINS ALL AMERICAN PIPELINE L	COM	726503105	79,565	1,536,892	SH		DFND	2	1,536,892	0	0
PLAINS GP HOLDINGS LP	COM	72651A108	103,572	3,868,975	SH		SOLE		3,783,285	0	85,690
PLUM CREEK TIMBER CO INC	COM	729251108	63,521	1,365,755	SH		SOLE		1,365,755	0	0
POTASH CORP SASK INC	COM	73755L107	711	21,570	SH		SOLE		21,570	0	0
PROCTER & GAMBLE COMPANY	COM	742718109	2,048	25,152	SH		SOLE		25,152	0	0
PROSPECT CAPITAL CORPORATIONCOM	COM	74348T102	1,032	92,000	SH		SOLE		92,000	0	0
QEP MIDSTREAM PARTNERS, LP	COM	74735R115	7,073	304,606	SH		SOLE		301,831	0	2,775
QEP MIDSTREAM PARTNERS, LP	COM	74735R115	3,512	151,255	SH		DFND	2	151,255	0	0
QEP RESOURCES INC	COM	74733V100	5,678	185,260	SH		SOLE		185,260	0	0
RANGE RES CORP	COM	75281A109	50,708	601,442	SH		SOLE		601,442	0	0
RAYMOND JAMES FINANCIAL INC	COM	754730109	79,002	1,513,735	SH		SOLE		1,513,735	0	0
RAYONIER INC COM	COM	754907103	653	15,520	SH		SOLE		15,520	0	0
RAYTHEON CO	COM	755111507	26,913	296,726	SH		SOLE		296,726	0	0
REGENCY AFFILIATES INC COM PAR $.001	COM	758847404	1,068	114,215	SH		SOLE		114,215	0	0
REGENCY ENERGY PARTNERS	COM	75885Y107	621	23,640	SH		SOLE		23,640	0	0
RESOLUTE ENERGY CORP	COM	76116A108	6,193	685,840	SH		SOLE		685,840	0	0
REX ENERGY CORPORATION COM	COM	761565100	1,120	56,800	SH		SOLE		56,800	0	0
RICHARDSON ELECTRS LTD COM	COM	763165107	458	40,360	SH		SOLE		40,360	0	0
ROSE ROCK MIDSTREAM L.P.	COM	777149105	5,103	131,850	SH		SOLE		131,850	0	0
ROSE ROCK MIDSTREAM L.P.	COM	777149105	6,998	180,830	SH		DFND	2	180,830	0	0
ROSS STORES INC	COM	778296103	26,595	354,925	SH		SOLE		354,925	0	0
ROYAL DUTCH SHELL PLC SPON ADR B	COM	780259107	1,446	19,252	SH		SOLE		19,252	0	0
RYDEX ETF TRUST S&P 500 EQ TRD	GUG S&P500 EQ WT	78355W106	1,451	20,371	SH		SOLE		20,371	0	0
RYMAN HOSPITALITY PPTYS INC COM	COM	78377T107	63,591	1,522,054	SH		SOLE		1,522,054	0	0
SCHEID VINEYARDS INC CL A	CLA	806403200	830	33,210	SH		SOLE		33,210	0	0
SCHNITZER STL INDS INC CL A	CLA	806882106	64,616	1,977,852	SH		SOLE		1,977,852	0	0
SEACOR HOLDINGS INC	COM	811904101	74,889	821,153	SH		SOLE		821,153	0	0
SENECA FOODS CORP NEW CL A	CLA	817070501	369	11,582	SH		SOLE		11,582	0	0
SHENANDOAH TELECOMMUNICATIONCDT	COM	82312B106	2,144	83,506	SH		SOLE		83,506	0	0
SILVER BAY RLTY TR CORP COM	COM	82735Q102	18,323	1,145,886	SH		SOLE		1,145,886	0	0
SINCLAIR BROADCAST GROUP INCCL A	CLA	829226109	107,832	3,017,955	SH		SOLE		3,017,955	0	0
SM ENERGY CO COM	COM	78454L100	2,909	35,000	SH		SOLE		35,000	0	0
SMUCKER J M CO	COM	832696405	11,308	109,127	SH		SOLE		109,127	0	0
SOLAR CAP LTD COM	COM	83413U100	1,480	65,620	SH		SOLE		65,620	0	0
SOLAR SR CAP LTD COM	COM	83416M105	336	18,440	SH		SOLE		18,440	0	0
SOUTHCROSS ENERGY PARTNERS, L.	COM	84130C100	22,858	1,267,800	SH		SOLE		1,266,015	0	1,785
SOUTHCROSS ENERGY PARTNERS, L.	COM	84130C100	9,604	532,660	SH		DFND	2	532,660	0	0
SOUTHERN CO	COM	842587107	1,020	24,809	SH		SOLE		24,809	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	1,176	29,905	SH		SOLE		29,905	0	0
SPECTRA ENERGY CORP.	COM	847560109	12,870	361,325	SH		SOLE		361,325	0	0
STATE BK FINL CORP COM	COM	856190103	3,276	180,099	SH		SOLE		180,099	0	0
STELLUS CAP INVT CORP COM	COM	858568108	311	20,790	SH		SOLE		20,790	0	0
STIFEL FINANCIAL CORP	COM	860630102	207	4,320	SH		SOLE		4,320	0	0
SUNOCO LOGISTICS PARTNERS LP	COM	86764L108	3,235	42,860	SH		SOLE		42,860	0	0
SUPERIOR UNIFORM INC FLORIDA	COM	868358102	5,534	357,504	SH		SOLE		357,504	0	0
SUSSER HLDGS CORP	COM	869233106	157,325	2,402,271	SH		SOLE		2,402,271	0	0
SYMETRA FINL CORP	COM	87151Q106	38,489	2,030,027	SH		SOLE		2,030,027	0	0
TALLGRASS ENERGY PARTNERS LP	COM	874697105	6,844	263,245	SH		SOLE		258,400	0	4,845
TALLGRASS ENERGY PARTNERS LP	COM	874697105	4,926	189,460	SH		DFND	2	189,460	0	0
TANDY BRANDS ACCESSORIES INC	COM	875378101	8	31,569	SH		SOLE		31,569	0	0
TARGA RESOURCES CORP.	COM	87612G101	27,595	312,980	SH		SOLE		312,980	0	0
TARGA RESOURCES PARTNERS LP	COM	87611X105	886	16,942	SH		SOLE		16,942	0	0
TARGA RESOURCES PARTNERS LP	COM	87611X105	13,730	262,530	SH		DFND	2	262,530	0	0
TARGET CORP	COM	87612E106	20,324	321,219	SH		SOLE		321,219	0	0
TC PIPELINES, LP	COM	87233Q108	72,053	1,487,774	SH		SOLE		1,445,609	0	42,165
TC PIPELINES, LP	COM	87233Q108	30,353	626,740	SH		DFND	2	626,740	0	0
TCP CAP CORP COM	COM	87238Q103	1,149	68,480	SH		SOLE		68,480	0	0
TECH DATA CORP	COM	878237106	36,197	701,484	SH		SOLE		701,484	0	0
TECUMSEH PRODS CO CL A	CLA	878895200	5,281	583,582	SH		SOLE		583,582	0	0
TEEKAY OFFSHORE PARTNERS, L.P.	COM	Y8565J101	74,874	2,262,725	SH		SOLE		2,219,290	0	43,435
TEEKAY OFFSHORE PARTNERS, L.P.	COM	Y8565J101	24,537	741,510	SH		DFND	2	741,510	0	0
TELETECH HOLDINGS INC COM	COM	879939106	45,186	1,887,452	SH		SOLE		1,887,452	0	0
TESCO CORP COM	COM	88157K101	31,274	1,581,074	SH		SOLE		1,581,074	0	0
TESORO LOGISTICS LP	COM	88160T107	79,051	1,510,333	SH		SOLE		1,465,973	0	44,360
TESORO LOGISTICS LP	COM	88160T107	18,399	351,530	SH		DFND	2	351,530	0	0
THL CR INC COM	COM	872438106	571	34,600	SH		SOLE		34,600	0	0
TICC CAPITAL CORP COM	COM	87244T109	1,996	193,080	SH		SOLE		193,080	0	0
TRANSCANADA CORPORATION	COM	89353D107	13,148	287,960	SH		SOLE		287,960	0	0
TRAVELCENTERS OF AMERICA LLCCOM	COM	894174101	7,572	777,370	SH		SOLE		777,370	0	0
TRIANGLE CAP CORP COM	COM	895848109	848	30,680	SH		SOLE		30,680	0	0
TRIBUNE CO NEW CL A	CLA	896047503	135,204	1,746,825	SH		SOLE		1,746,825	0	0
TRINITY INDS INC	COM	896522109	2,058	37,745	SH		SOLE		37,745	0	0
U S BANCORP	COM	902973304	22,115	547,398	SH		SOLE		547,398	0	0
U S SILICA HLDGS INC COM	COM	90346E103	6,822	200,000	SH		SOLE		200,000	0	0
UNILEVER PLC SPON ADR	COM	904767704	20,958	508,678	SH		SOLE		508,678	0	0
UNION PAC CORP	COM	907818108	28,855	171,756	SH		SOLE		171,756	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	23,041	202,473	SH		SOLE		202,473	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	32,887	436,744	SH		SOLE		436,744	0	0
UNIVERSAL AMERICAN SPIN CORP COM	COM	91338E101	11,489	1,573,854	SH		SOLE		1,573,854	0	0
UTI WORLDWIDE INC ORD	COM	G87210103	413	23,510	SH		SOLE		23,510	0	0
VAIL RESORTS INC	COM	91879Q109	55,903	743,101	SH		SOLE		743,101	0	0
VALERO ENERGY PARTNERS LP	COM	91914J102	3,364	97,650	SH		SOLE		96,745	0	905
VALERO ENERGY PARTNERS LP	COM	91914J102	1,803	52,350	SH		DFND	2	52,350	0	0
VERIZON COMMUNICATIONS	COM	92343V104	1,899	38,639	SH		SOLE		38,639	0	0
VIAD CORP COM NEW	COM	92552R406	28,204	1,015,260	SH		SOLE		1,015,260	0	0
VISTEON CORP COM NEW	COM	92839U206	99,454	1,214,487	SH		SOLE		1,214,487	0	0
VULCAN INTL CORP	COM	929136109	1,649	50,738	SH		SOLE		50,738	0	0
WAL MART STORES INC	COM	931142103	21,518	273,451	SH		SOLE		273,451	0	0
WELLS FARGO ADVANTAGE MULTI COM SHS	COM SHS	94987D101	534	37,950	SH		SOLE		37,950	0	0
WESTERN GAS EQUITY PARTNERS LP	COM	95825R103	71,570	1,811,434	SH		SOLE		1,745,545	0	65,889
WESTERN GAS EQUITY PARTNERS LP	COM	95825R103	22,237	562,810	SH		DFND	2	562,810	0	0
WESTERN GAS PARTNERS LP	COM	958254104	54,531	883,947	SH		SOLE		883,947	0	0
WESTERN GAS PARTNERS LP	COM	958254104	23,645	383,290	SH		DFND	2	383,290	0	0
WHITE MOUNTAINS INSURANCE GROUP LTD	COM	G9618E107	91,264	151,330	SH		SOLE		151,330	0	0
WILLIAMS COMPANIES	COM	969457100	74,009	1,918,820	SH		SOLE		1,884,120	0	34,700
WILLIAMS PARTNERS LP	COM	96950F104	133,435	2,623,575	SH		SOLE		2,601,985	0	21,590
WILLIAMS PARTNERS LP	COM	96950F104	96,327	1,893,970	SH		DFND	2	1,893,970	0	0
WINTHROP RLTY TR SH BEN INT NEW	COM	976391300	2,895	261,965	SH		SOLE		261,965	0	0
WISDOMTREE TRUST LARGECAP DIVID	LARGECAP DIVID	97717W307	381	5,720	SH		SOLE		5,720	0	0
WORLD POINT TERMINALS, LP	COM	98159G107	5,220	271,180	SH		SOLE		268,095	0	3,085
WORLD POINT TERMINALS, LP	COM	98159G107	3,235	168,065	SH		DFND	2	168,065	0	0
WPX ENERGY INC COM	COM	98212B103	1,208	59,298	SH		SOLE		59,298	0	0