Doheny Asset 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

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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 Co (fmly Minnesota Mining &	COM	88579Y101	565	4,030	SH		SOLE		0	0	4,030
ACHILLION PHARMACEUTICALS	COM	00448Q201	3,246	978,025	SH		SOLE		0	0	978,025
AIR LEASE CORP	COM	00912X302	999	32,150	SH		SOLE		0	0	32,150
AIR PRODUCTS & CHEMICALS INC	COM	009158106	307	2,750	SH		SOLE		0	0	2,750
ALTRIA GROUP (fka Philip Morri	COM	02209S103	627	16,342	SH		SOLE		0	0	16,342
AMARIN CORP	COM	023111206	30	15,000	SH		SOLE		0	0	15,000
AMERICAN EXPRESS CO.	COM	025816109	227	2,500	SH		SOLE		0	0	2,500
ANALOG DEVICES INC	COM	032654105	1,113	21,850	SH		SOLE		0	0	21,850
ANWORTH MORTGAGE ASSET CORP	COM	037347101	1,117	265,375	SH		SOLE		0	0	265,375
APPLE INC.	COM	037833100	9,368	16,698	SH		SOLE		0	0	16,698
ASSOCIATED ESTATES REALTY CP	COM	045604105	323	20,100	SH		SOLE		0	0	20,100
AT&T INC	COM	00206R102	735	20,907	SH		SOLE		0	0	20,907
BELDEN INC.	COM	077454106	236	3,350	SH		SOLE		0	0	3,350
BERKSHIRE HATHAWAY INC - CLASS	COM	084670702	273	2,300	SH		SOLE		0	0	2,300
BGC PARTNERS INC-CL A	COM	05541T101	3,321	548,950	SH		SOLE		0	0	548,950
BIOMARIN PHARMACEUTICAL INC	COM	09061g101	3,268	46,455	SH		SOLE		0	0	46,455
BJ'S RESTAURANTS INC	COM	09180C106	368	11,850	SH		SOLE		0	0	11,850
BP P.L.C. ADR (fmly BP Amoco P	COM	055622104	3,059	62,925	SH		SOLE		0	0	62,925
BRISTOL MYERS SQUIBB COM	COM	110122108	1,791	33,690	SH		SOLE		0	0	33,690
CALLIDUS SOFTWARE INC	COM	13123E500	2,689	195,825	SH		SOLE		0	0	195,825
CANADIAN NATL RAILWAY CO	COM	136375102	3,250	57,000	SH		SOLE		0	0	57,000
CELGENE CORP	COM	151020104	5,065	29,975	SH		SOLE		0	0	29,975
CHECK POINT SOFTWARE TECH	COM	M22465104	5,965	92,486	SH		SOLE		0	0	92,486
CHEVRON CORP (fmly ChevronTexa	COM	166764100	2,577	20,631	SH		SOLE		0	0	20,631
COCA COLA COMPANY	COM	191216100	886	21,440	SH		SOLE		0	0	21,440
CONOCOPHILLIPS	COM	20825C104	3,356	47,497	SH		SOLE		0	0	47,497
DOW CHEMICAL COMPANY	COM	260543103	684	15,415	SH		SOLE		0	0	15,415
DUKE ENERGY CORP-NEW	COM	26441C204	1,318	19,095	SH		SOLE		0	0	19,095
EAST WEST BANCORP INC	COM	27579R104	1,636	46,775	SH		SOLE		0	0	46,775
EMCORE CORP	COM	290846203	159	31,150	SH		SOLE		0	0	31,150
ENCANA CORP	COM	292505104	558	30,890	SH		SOLE		0	0	30,890
EURONET WORLDWIDE INC	COM	298736109	1,503	31,410	SH		SOLE		0	0	31,410
EXPRESS SCRIPTS HOLDING COMPAN	COM	30219G108	638	9,088	SH		SOLE		0	0	9,088
EXXON MOBIL CORPORATION	COM	30231G102	1,937	19,140	SH		SOLE		0	0	19,140
FIRST NIAGARA FINANCIAL GROUP,	COM	33582V108	138	12,973	SH		SOLE		0	0	12,973
FIRST POTOMAC REALTY TRUST	COM	33610f109	2,418	207,950	SH		SOLE		0	0	207,950
FREEPORT McMORAN COPPER - B	COM	35671D857	300	7,950	SH		SOLE		0	0	7,950
FRONTIER COMMUNICATIONS CORP	COM	35906A108	2,229	479,349	SH		SOLE		0	0	479,349
GENERAL ELECTRIC CO	COM	369604103	2,249	80,229	SH		SOLE		0	0	80,229
GILEAD SCIENCES INC.	COM	375558103	5,300	70,569	SH		SOLE		0	0	70,569
GLAXOSMITHKLINE PLC	COM	37733W105	214	4,000	SH		SOLE		0	0	4,000
GOLAR LNG LTD	COM	G9456A100	6,549	180,475	SH		SOLE		0	0	180,475
GOOGLE INC - CL A	COM	38259P508	6,934	6,187	SH		SOLE		0	0	6,187
HALLIBURTON CO.	COM	406216101	3,391	66,816	SH		SOLE		0	0	66,816
HALOZYME THERAPEAUTICS INC	COM	40637h109	1,482	98,855	SH		SOLE		0	0	98,855
HESS CORP (fmly Amerada Hess C	COM	42809H107	3,036	36,575	SH		SOLE		0	0	36,575
INTEL CORP COM	COM	458140100	1,349	51,985	SH		SOLE		0	0	51,985
INTERMUNE INC	COM	45884X103	752	51,050	SH		SOLE		0	0	51,050
INTERNATIONAL BUSINESS MACHINE	COM	459200101	1,531	8,164	SH		SOLE		0	0	8,164
ISHARES Trust/U.S.Preferred St	COM	464288687	207	5,625	SH		SOLE		0	0	5,625
JOHNSON & JOHNSON	COM	478160104	4,525	49,400	SH		SOLE		0	0	49,400
KIMBERLY CLARK	COM	494368103	652	6,245	SH		SOLE		0	0	6,245
KINDER MORGAN ENERGY PARTNERS	COM	494550106	801	9,925	SH		SOLE		0	0	9,925
KRAFT FOODS GROUP INC	COM	50076Q106	1,422	26,380	SH		SOLE		0	0	26,380
LEXINGTON REALTY TRUST	COM	529043101	4,518	442,500	SH		SOLE		0	0	442,500
LOWES COMPANIES INC.	COM	548661107	273	5,500	SH		SOLE		0	0	5,500
MARATHON OIL CORP	COM	565849106	3,061	86,720	SH		SOLE		0	0	86,720
MARATHON PETROLEUM CORP	COM	56585A102	2,508	27,337	SH		SOLE		0	0	27,337
MERCK and CO INC	COM	58933Y105	3,002	59,975	SH		SOLE		0	0	59,975
MICROCHIP TECHNOLOGY INC	COM	595017104	5,529	123,545	SH		SOLE		0	0	123,545
MONDELEZ INTERNATIONAL -W/I	COM	609207105	2,007	56,867	SH		SOLE		0	0	56,867
NEW RESIDENTIAL INVESTMENT COR	COM	64828T102	2,898	433,820	SH		SOLE		0	0	433,820
NEWCASTLE INVESTMENT CORP	COM	65105M108	1,236	215,400	SH		SOLE		0	0	215,400
NIKE INC CL B	COM	654106103	833	10,595	SH		SOLE		0	0	10,595
NORDIC AMERICAN TANKERS LTD	COM	g65773106	4,075	420,100	SH		SOLE		0	0	420,100
NORTHROP GRUMMAN CORP	COM	666807102	315	2,750	SH		SOLE		0	0	2,750
ORACLE CORP	COM	68389X105	915	23,926	SH		SOLE		0	0	23,926
PEOPLE'S UNITED FINANCIAL INC.	COM	712704105	249	16,500	SH		SOLE		0	0	16,500
PEPSICO INC COM	COM	713448108	637	7,677	SH		SOLE		0	0	7,677
PFIZER INC.	COM	717081103	1,870	61,053	SH		SOLE		0	0	61,053
PHILLIP MORRIS INTERNATIONAL	COM	718172109	658	7,550	SH		SOLE		0	0	7,550
PHILLIPS 66	COM	718546104	2,744	35,570	SH		SOLE		0	0	35,570
PROCTER & GAMBLE CO.	COM	742718109	1,097	13,470	SH		SOLE		0	0	13,470
PUBLIC STORAGE	COM	74460D109	354	2,350	SH		SOLE		0	0	2,350
QUALCOMM INC	COM	747525103	882	11,875	SH		SOLE		0	0	11,875
RAYTHEON COMPANY	COM	755111507	202	2,223	SH		SOLE		0	0	2,223
REDWOOD TRUST INC	COM	758075402	2,272	117,300	SH		SOLE		0	0	117,300
SCHLUMBERGER LTD COM	COM	806857108	607	6,735	SH		SOLE		0	0	6,735
SCHWAB (CHARLES) CORP	COM	808513105	294	11,300	SH		SOLE		0	0	11,300
SCORPIO TANKERS INC	COM	Y7542C106	3,327	282,160	SH		SOLE		0	0	282,160
SHIP FINANCE INTL LTD	COM	G81075106	9,492	579,460	SH		SOLE		0	0	579,460
SPECTRA ENERGY CORP	COM	847560109	2,550	71,600	SH		SOLE		0	0	71,600
STANLEY BLACK & DECKER INC	COM	854502101	209	2,587	SH		SOLE		0	0	2,587
STARBUCKS CORP	COM	855244109	2,511	32,035	SH		SOLE		0	0	32,035
TEVA PHARMACEUTICAL-SP ADR	COM	881624209	630	15,715	SH		SOLE		0	0	15,715
TEXAS INSTRUMENTS INC.	COM	882508104	595	13,560	SH		SOLE		0	0	13,560
TRANSTEXAS GAS CORP - CLASS A	COM	893895201	0	15,041	SH		SOLE		0	0	15,041
TVI CORP	COM	872916101	0	17,500	SH		SOLE		0	0	17,500
VERIZON COMMUNICATIONS-fmly Be	COM	92343V104	617	12,553	SH		SOLE		0	0	12,553
WALT DISNEY COMPANY, THE	COM	254687106	481	6,300	SH		SOLE		0	0	6,300
WELLS FARGO COMPANY	COM	949746101	255	5,625	SH		SOLE		0	0	5,625
WHOLE FOODS MARKET INC	COM	966837106	4,547	78,630	SH		SOLE		0	0	78,630
COUNTRYWIDE CAPITAL V	PFD	222388209	2,783	109,775	SH		SOLE		0	0	109,775
GASTAR EXPLORAT 8.6250% SERIES	PFD	36729P207	6,651	277,250	SH		SOLE		0	0	277,250
MORGAN STANLEY CAP TR III 6.25	PFD	617460209	3,431	143,025	SH		SOLE		0	0	143,025
TRANSTEXAS GAS CORP SR PFD SER	PFD	893895607	0	41,140	SH		SOLE		0	0	41,140