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	479	3,530	SH		SOLE		0	0	3,530
ACHILLION PHARMACEUTICALS	COM	00448Q201	3,692	1,122,325	SH		SOLE		0	0	1,122,325
AIR LEASE CORP	COM	00912X302	1,236	33,150	SH		SOLE		0	0	33,150
AIR PRODUCTS & CHEMICALS INC	COM	009158106	327	2,750	SH		SOLE		0	0	2,750
ALTRIA GROUP (fka Philip Morri	COM	02209S103	612	16,342	SH		SOLE		0	0	16,342
AMARIN CORP	COM	023111206	27	15,000	SH		SOLE		0	0	15,000
AMERICAN EXPRESS CO.	COM	025816109	225	2,500	SH		SOLE		0	0	2,500
AMGEN INC.	COM	031162100	327	2,650	SH		SOLE		0	0	2,650
ANALOG DEVICES INC	COM	032654105	1,092	20,550	SH		SOLE		0	0	20,550
ANWORTH MORTGAGE ASSET CORP	COM	037347101	1,301	262,375	SH		SOLE		0	0	262,375
APPLE INC.	COM	037833100	8,944	16,663	SH		SOLE		0	0	16,663
ASSOCIATED ESTATES REALTY CP	COM	045604105	340	20,100	SH		SOLE		0	0	20,100
AT&T INC	COM	00206R102	730	20,807	SH		SOLE		0	0	20,807
BELDEN INC.	COM	077454106	233	3,350	SH		SOLE		0	0	3,350
BERKSHIRE HATHAWAY INC - CLASS	COM	084670702	287	2,300	SH		SOLE		0	0	2,300
BGC PARTNERS INC-CL A	COM	05541T101	4,326	661,430	SH		SOLE		0	0	661,430
BIOMARIN PHARMACEUTICAL INC	COM	09061g101	2,927	42,915	SH		SOLE		0	0	42,915
BJ'S RESTAURANTS INC	COM	09180C106	378	11,550	SH		SOLE		0	0	11,550
BP P.L.C. ADR (fmly BP Amoco P	COM	055622104	2,979	61,925	SH		SOLE		0	0	61,925
BRISTOL MYERS SQUIBB COM	COM	110122108	1,763	33,940	SH		SOLE		0	0	33,940
CALLIDUS SOFTWARE INC	COM	13123E500	2,022	161,525	SH		SOLE		0	0	161,525
CANADIAN NATL RAILWAY CO	COM	136375102	2,609	46,400	SH		SOLE		0	0	46,400
CATERPILLAR INC.	COM	149123101	209	2,100	SH		SOLE		0	0	2,100
CELGENE CORP	COM	151020104	4,418	31,645	SH		SOLE		0	0	31,645
CHECK POINT SOFTWARE TECH	COM	M22465104	6,160	91,086	SH		SOLE		0	0	91,086
CHEVRON CORP (fmly ChevronTexa	COM	166764100	2,340	19,681	SH		SOLE		0	0	19,681
COCA COLA COMPANY	COM	191216100	786	20,340	SH		SOLE		0	0	20,340
CONOCOPHILLIPS	COM	20825C104	3,320	47,197	SH		SOLE		0	0	47,197
DOW CHEMICAL COMPANY	COM	260543103	749	15,415	SH		SOLE		0	0	15,415
DUKE ENERGY CORP-NEW	COM	26441C204	1,301	18,262	SH		SOLE		0	0	18,262
EAST WEST BANCORP INC	COM	27579R104	1,525	41,775	SH		SOLE		0	0	41,775
EMCORE CORP	COM	290846203	157	31,150	SH		SOLE		0	0	31,150
EURONET WORLDWIDE INC	COM	298736109	202	4,860	SH		SOLE		0	0	4,860
EXPRESS SCRIPTS HOLDING COMPAN	COM	30219G108	682	9,088	SH		SOLE		0	0	9,088
EXXON MOBIL CORPORATION	COM	30231G102	1,858	19,020	SH		SOLE		0	0	19,020
FIRST NIAGARA FINANCIAL GROUP,	COM	33582V108	123	12,973	SH		SOLE		0	0	12,973
FIRST POTOMAC REALTY TRUST	COM	33610f109	2,315	179,150	SH		SOLE		0	0	179,150
FREEPORT McMORAN COPPER - B	COM	35671D857	263	7,950	SH		SOLE		0	0	7,950
FRONTIER COMMUNICATIONS CORP	COM	35906A108	2,700	473,349	SH		SOLE		0	0	473,349
GENERAL ELECTRIC CO	COM	369604103	2,033	78,529	SH		SOLE		0	0	78,529
GFI GROUP INC.	COM	361652209	2,134	601,000	SH		SOLE		0	0	601,000
GILEAD SCIENCES INC.	COM	375558103	5,763	81,334	SH		SOLE		0	0	81,334
GLAXOSMITHKLINE PLC	COM	37733W105	240	4,500	SH		SOLE		0	0	4,500
GOLAR LNG LTD	COM	G9456A100	5,096	122,225	SH		SOLE		0	0	122,225
GOOGLE INC - CL C	COM	38259P706	6,832	6,130	SH		SOLE		0	0	6,130
HALLIBURTON CO.	COM	406216101	3,776	64,116	SH		SOLE		0	0	64,116
HALOZYME THERAPEAUTICS INC	COM	40637h109	1,255	98,755	SH		SOLE		0	0	98,755
HESS CORP (fmly Amerada Hess C	COM	42809H107	2,986	36,025	SH		SOLE		0	0	36,025
INTEL CORP COM	COM	458140100	1,344	52,060	SH		SOLE		0	0	52,060
INTERMUNE INC	COM	45884X103	1,279	38,210	SH		SOLE		0	0	38,210
INTERNATIONAL BUSINESS MACHINE	COM	459200101	1,571	8,164	SH		SOLE		0	0	8,164
ISHARES Trust/U.S.Preferred St	COM	464288687	220	5,625	SH		SOLE		0	0	5,625
JOHNSON & JOHNSON	COM	478160104	4,797	48,830	SH		SOLE		0	0	48,830
KIMBERLY CLARK	COM	494368103	675	6,120	SH		SOLE		0	0	6,120
KINDER MORGAN ENERGY PARTNERS	COM	494550106	734	9,925	SH		SOLE		0	0	9,925
KRAFT FOODS GROUP INC	COM	50076Q106	1,452	25,880	SH		SOLE		0	0	25,880
LEXINGTON REALTY TRUST	COM	529043101	4,964	455,000	SH		SOLE		0	0	455,000
LOCKHEED MARTIN CORPORATION	COM	539830109	1,060	6,495	SH		SOLE		0	0	6,495
LOWES COMPANIES INC.	COM	548661107	269	5,500	SH		SOLE		0	0	5,500
MARATHON OIL CORP	COM	565849106	3,058	86,095	SH		SOLE		0	0	86,095
MARATHON PETROLEUM CORP	COM	56585A102	2,358	27,087	SH		SOLE		0	0	27,087
MERCK and CO INC	COM	58933Y105	3,373	59,420	SH		SOLE		0	0	59,420
MICROCHIP TECHNOLOGY INC	COM	595017104	5,824	121,945	SH		SOLE		0	0	121,945
MONDELEZ INTERNATIONAL -W/I	COM	609207105	1,930	55,867	SH		SOLE		0	0	55,867
NAVIOS MARITIME HOLDINGS INC	COM	Y62196103	4,943	501,800	SH		SOLE		0	0	501,800
NEW MEDIA INVESTMENT GROUP	COM	64704V106	230	15,295	SH		SOLE		0	0	15,295
NEW RESIDENTIAL INVESTMENT COR	COM	64828T102	2,525	390,270	SH		SOLE		0	0	390,270
NEWCASTLE INVESTMENT CORP	COM	65105M108	238	50,650	SH		SOLE		0	0	50,650
NIKE INC CL B	COM	654106103	771	10,445	SH		SOLE		0	0	10,445
NORDIC AMERICAN TANKERS LTD	COM	g65773106	4,126	419,300	SH		SOLE		0	0	419,300
NORTHROP GRUMMAN CORP	COM	666807102	339	2,750	SH		SOLE		0	0	2,750
OCCIDENTAL PETE CP DEL COM	COM	674599105	1,139	11,950	SH		SOLE		0	0	11,950
ORACLE CORP	COM	68389X105	969	23,676	SH		SOLE		0	0	23,676
PEOPLE'S UNITED FINANCIAL INC.	COM	712704105	193	13,000	SH		SOLE		0	0	13,000
PEPSICO INC COM	COM	713448108	641	7,677	SH		SOLE		0	0	7,677
PFIZER INC.	COM	717081103	1,939	60,371	SH		SOLE		0	0	60,371
PHILLIP MORRIS INTERNATIONAL	COM	718172109	618	7,550	SH		SOLE		0	0	7,550
PHILLIPS 66	COM	718546104	2,845	36,920	SH		SOLE		0	0	36,920
PROCTER & GAMBLE CO.	COM	742718109	1,086	13,470	SH		SOLE		0	0	13,470
PUBLIC STORAGE	COM	74460D109	371	2,200	SH		SOLE		0	0	2,200
QUALCOMM INC	COM	747525103	940	11,925	SH		SOLE		0	0	11,925
RAYTHEON COMPANY	COM	755111507	220	2,223	SH		SOLE		0	0	2,223
REDWOOD TRUST INC	COM	758075402	2,338	115,300	SH		SOLE		0	0	115,300
SCHLUMBERGER LTD COM	COM	806857108	647	6,635	SH		SOLE		0	0	6,635
SCHWAB (CHARLES) CORP	COM	808513105	320	11,700	SH		SOLE		0	0	11,700
SCORPIO TANKERS INC	COM	Y7542C106	888	89,050	SH		SOLE		0	0	89,050
SHIP FINANCE INTL LTD	COM	G81075106	10,673	593,960	SH		SOLE		0	0	593,960
SPECTRA ENERGY CORP	COM	847560109	2,595	70,250	SH		SOLE		0	0	70,250
STANLEY BLACK & DECKER INC	COM	854502101	210	2,587	SH		SOLE		0	0	2,587
STARBUCKS CORP	COM	855244109	2,389	32,560	SH		SOLE		0	0	32,560
TEVA PHARMACEUTICAL-SP ADR	COM	881624209	778	14,715	SH		SOLE		0	0	14,715
TEXAS INSTRUMENTS INC.	COM	882508104	639	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	593	12,461	SH		SOLE		0	0	12,461
WALT DISNEY COMPANY, THE	COM	254687106	504	6,300	SH		SOLE		0	0	6,300
WELLS FARGO COMPANY	COM	949746101	280	5,625	SH		SOLE		0	0	5,625
WHOLE FOODS MARKET INC	COM	966837106	3,149	62,105	SH		SOLE		0	0	62,105
WYNN RESORTS LTD	COM	983134107	222	1,000	SH		SOLE		0	0	1,000
XILINX INC	COM	983919101	233	4,300	SH		SOLE		0	0	4,300
COUNTRYWIDE CAPITAL V	PFD	222388209	2,737	107,325	SH		SOLE		0	0	107,325
GASTAR EXPLORAT 8.6250% SERIES	PFD	36729P207	6,711	272,250	SH		SOLE		0	0	272,250
MORGAN STANLEY CAP TR III 6.25	PFD	617460209	3,541	141,025	SH		SOLE		0	0	141,025
TRANSTEXAS GAS CORP SR PFD SER	PFD	893895607	0	41,140	SH		SOLE		0	0	41,140