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 | 557 | 3,930 | SH | | SOLE | | 0 | 0 | 3,930 |
ACHILLION PHARMACEUTICALS | COM | 00448Q201 | 5,412 | 542,325 | SH | | SOLE | | 0 | 0 | 542,325 |
AIR LEASE CORP | COM | 00912X302 | 1,068 | 32,850 | SH | | SOLE | | 0 | 0 | 32,850 |
AIR PRODUCTS & CHEMICALS INC | COM | 009158106 | 367 | 2,817 | SH | | SOLE | | 0 | 0 | 2,817 |
ALTRIA GROUP (fka Philip Morri | COM | 02209S103 | 737 | 16,040 | SH | | SOLE | | 0 | 0 | 16,040 |
AMARIN CORP | COM | 023111206 | 16 | 15,000 | SH | | SOLE | | 0 | 0 | 15,000 |
AMERICAN EXPRESS CO. | COM | 025816109 | 219 | 2,500 | SH | | SOLE | | 0 | 0 | 2,500 |
AMGEN INC. | COM | 031162100 | 1,159 | 8,255 | SH | | SOLE | | 0 | 0 | 8,255 |
ANALOG DEVICES INC | COM | 032654105 | 926 | 18,717 | SH | | SOLE | | 0 | 0 | 18,717 |
ANWORTH MORTGAGE ASSET CORP | COM | 037347101 | 1,294 | 270,125 | SH | | SOLE | | 0 | 0 | 270,125 |
APPLE INC. | COM | 037833100 | 11,512 | 114,260 | SH | | SOLE | | 0 | 0 | 114,260 |
ASSOCIATED ESTATES REALTY CP | COM | 045604105 | 1,306 | 74,600 | SH | | SOLE | | 0 | 0 | 74,600 |
AT&T INC | COM | 00206R102 | 733 | 20,807 | SH | | SOLE | | 0 | 0 | 20,807 |
BELDEN INC. | COM | 077454106 | 210 | 3,275 | SH | | SOLE | | 0 | 0 | 3,275 |
BERKSHIRE HATHAWAY INC - CLASS | COM | 084670702 | 307 | 2,225 | SH | | SOLE | | 0 | 0 | 2,225 |
BGC PARTNERS INC-CL A | COM | 05541T101 | 4,867 | 655,113 | SH | | SOLE | | 0 | 0 | 655,113 |
BJ'S RESTAURANTS INC | COM | 09180C106 | 345 | 9,583 | SH | | SOLE | | 0 | 0 | 9,583 |
BP P.L.C. ADR (fmly BP Amoco P | COM | 055622104 | 2,454 | 55,834 | SH | | SOLE | | 0 | 0 | 55,834 |
BRISTOL MYERS SQUIBB COM | COM | 110122108 | 1,581 | 30,890 | SH | | SOLE | | 0 | 0 | 30,890 |
CALLIDUS SOFTWARE INC | COM | 13123E500 | 4,356 | 362,375 | SH | | SOLE | | 0 | 0 | 362,375 |
CANADIAN NATL RAILWAY CO | COM | 136375102 | 3,076 | 43,350 | SH | | SOLE | | 0 | 0 | 43,350 |
CATERPILLAR INC. | COM | 149123101 | 218 | 2,200 | SH | | SOLE | | 0 | 0 | 2,200 |
CELGENE CORP | COM | 151020104 | 5,756 | 60,734 | SH | | SOLE | | 0 | 0 | 60,734 |
CELLDEX THERAPEUTICS INC | COM | 15117B103 | 873 | 67,330 | SH | | SOLE | | 0 | 0 | 67,330 |
CHECK POINT SOFTWARE TECH | COM | M22465104 | 6,032 | 87,119 | SH | | SOLE | | 0 | 0 | 87,119 |
CHEVRON CORP (fmly ChevronTexa | COM | 166764100 | 2,415 | 20,243 | SH | | SOLE | | 0 | 0 | 20,243 |
COCA COLA COMPANY | COM | 191216100 | 739 | 17,315 | SH | | SOLE | | 0 | 0 | 17,315 |
CONOCOPHILLIPS | COM | 20825C104 | 3,471 | 45,359 | SH | | SOLE | | 0 | 0 | 45,359 |
DOW CHEMICAL COMPANY | COM | 260543103 | 703 | 13,415 | SH | | SOLE | | 0 | 0 | 13,415 |
DUKE ENERGY CORP-NEW | COM | 26441C204 | 1,242 | 16,606 | SH | | SOLE | | 0 | 0 | 16,606 |
EAST WEST BANCORP INC | COM | 27579R104 | 1,284 | 37,775 | SH | | SOLE | | 0 | 0 | 37,775 |
ENERGOUS CORP | COM | 29272C103 | 3,043 | 268,375 | SH | | SOLE | | 0 | 0 | 268,375 |
EXPRESS SCRIPTS HOLDING COMPAN | COM | 30219G108 | 256 | 3,628 | SH | | SOLE | | 0 | 0 | 3,628 |
EXXON MOBIL CORPORATION | COM | 30231G102 | 1,562 | 16,610 | SH | | SOLE | | 0 | 0 | 16,610 |
FIRST NIAGARA FINANCIAL GROUP, | COM | 33582V108 | 102 | 12,220 | SH | | SOLE | | 0 | 0 | 12,220 |
FIRST POTOMAC REALTY TRUST | COM | 33610f109 | 2,038 | 173,450 | SH | | SOLE | | 0 | 0 | 173,450 |
FREEPORT-MCMORAN,INC. | COM | 35671D857 | 250 | 7,650 | SH | | SOLE | | 0 | 0 | 7,650 |
FRONTIER COMMUNICATIONS CORP | COM | 35906A108 | 3,019 | 463,682 | SH | | SOLE | | 0 | 0 | 463,682 |
GENERAL ELECTRIC CO | COM | 369604103 | 1,816 | 70,879 | SH | | SOLE | | 0 | 0 | 70,879 |
GERON CORP | COM | 374163103 | 1,413 | 706,400 | SH | | SOLE | | 0 | 0 | 706,400 |
GFI GROUP INC. | COM | 361652209 | 3,316 | 613,000 | SH | | SOLE | | 0 | 0 | 613,000 |
GILEAD SCIENCES INC. | COM | 375558103 | 8,329 | 78,246 | SH | | SOLE | | 0 | 0 | 78,246 |
GLAXOSMITHKLINE PLC | COM | 37733W105 | 257 | 5,600 | SH | | SOLE | | 0 | 0 | 5,600 |
GOLAR LNG LTD | COM | G9456A100 | 7,644 | 115,125 | SH | | SOLE | | 0 | 0 | 115,125 |
GOOGLE INC - CL A | COM | 38259P508 | 3,515 | 5,973 | SH | | SOLE | | 0 | 0 | 5,973 |
GOOGLE INC - CL C | COM | 38259P706 | 3,570 | 6,183 | SH | | SOLE | | 0 | 0 | 6,183 |
HALLIBURTON CO. | COM | 406216101 | 3,945 | 61,157 | SH | | SOLE | | 0 | 0 | 61,157 |
HALOZYME THERAPEAUTICS INC | COM | 40637h109 | 733 | 80,555 | SH | | SOLE | | 0 | 0 | 80,555 |
HESS CORP (fmly Amerada Hess C | COM | 42809H107 | 2,026 | 21,485 | SH | | SOLE | | 0 | 0 | 21,485 |
INTEL CORP COM | COM | 458140100 | 1,802 | 51,744 | SH | | SOLE | | 0 | 0 | 51,744 |
INTERNATIONAL BUSINESS MACHINE | COM | 459200101 | 1,153 | 6,074 | SH | | SOLE | | 0 | 0 | 6,074 |
JASON INDUSTRIES, INC | COM | 471172106 | 1,143 | 110,400 | SH | | SOLE | | 0 | 0 | 110,400 |
JOHNSON & JOHNSON | COM | 478160104 | 4,887 | 45,846 | SH | | SOLE | | 0 | 0 | 45,846 |
KIMBERLY CLARK | COM | 494368103 | 648 | 6,020 | SH | | SOLE | | 0 | 0 | 6,020 |
KINDER MORGAN ENERGY PARTNERS | COM | 494550106 | 916 | 9,825 | SH | | SOLE | | 0 | 0 | 9,825 |
KNIGHTSBRIDGE SHIPPING LIMITED | COM | G5299G106 | 4,292 | 484,985 | SH | | SOLE | | 0 | 0 | 484,985 |
KRAFT FOODS GROUP INC | COM | 50076Q106 | 1,319 | 23,380 | SH | | SOLE | | 0 | 0 | 23,380 |
LEXINGTON REALTY TRUST | COM | 529043101 | 4,244 | 433,501 | SH | | SOLE | | 0 | 0 | 433,501 |
LOCKHEED MARTIN CORPORATION | COM | 539830109 | 841 | 4,600 | SH | | SOLE | | 0 | 0 | 4,600 |
LOWES COMPANIES INC. | COM | 548661107 | 286 | 5,400 | SH | | SOLE | | 0 | 0 | 5,400 |
MARATHON OIL CORP | COM | 565849106 | 3,166 | 84,228 | SH | | SOLE | | 0 | 0 | 84,228 |
MARATHON PETROLEUM CORP | COM | 56585A102 | 2,051 | 24,220 | SH | | SOLE | | 0 | 0 | 24,220 |
MERCK and CO INC | COM | 58933Y105 | 3,271 | 55,180 | SH | | SOLE | | 0 | 0 | 55,180 |
MICROCHIP TECHNOLOGY INC | COM | 595017104 | 5,385 | 114,020 | SH | | SOLE | | 0 | 0 | 114,020 |
MONDELEZ INTERNATIONAL -W/I | COM | 609207105 | 1,811 | 52,867 | SH | | SOLE | | 0 | 0 | 52,867 |
NEW RESIDENTIAL | COM | 64828T201 | 1,541 | 264,336 | SH | | SOLE | | 0 | 0 | 264,336 |
NEWCASTLE INVESTMENT CORP | COM | 65105M603 | 149 | 11,766 | SH | | SOLE | | 0 | 0 | 11,766 |
NIKE INC CL B | COM | 654106103 | 284 | 3,185 | SH | | SOLE | | 0 | 0 | 3,185 |
NORDIC AMERICAN TANKERS LTD | COM | g65773106 | 1,546 | 194,500 | SH | | SOLE | | 0 | 0 | 194,500 |
NORTHROP GRUMMAN CORP | COM | 666807102 | 362 | 2,750 | SH | | SOLE | | 0 | 0 | 2,750 |
OCCIDENTAL PETE CP DEL COM | COM | 674599105 | 673 | 7,000 | SH | | SOLE | | 0 | 0 | 7,000 |
ORACLE CORP | COM | 68389X105 | 417 | 10,900 | SH | | SOLE | | 0 | 0 | 10,900 |
PEOPLE'S UNITED FINANCIAL INC. | COM | 712704105 | 215 | 14,833 | SH | | SOLE | | 0 | 0 | 14,833 |
PEPSICO INC COM | COM | 713448108 | 724 | 7,777 | SH | | SOLE | | 0 | 0 | 7,777 |
PFIZER INC. | COM | 717081103 | 1,735 | 58,686 | SH | | SOLE | | 0 | 0 | 58,686 |
PHILLIP MORRIS INTERNATIONAL | COM | 718172109 | 630 | 7,550 | SH | | SOLE | | 0 | 0 | 7,550 |
PHILLIPS 66 | COM | 718546104 | 2,901 | 35,675 | SH | | SOLE | | 0 | 0 | 35,675 |
POWER SHARES DB GOLD DOUBLE LO | COM | BBG000BB2 | 500 | 20,300 | SH | | SOLE | | 0 | 0 | 20,300 |
PROCTER & GAMBLE CO. | COM | 742718109 | 1,049 | 12,530 | SH | | SOLE | | 0 | 0 | 12,530 |
PUBLIC STORAGE | COM | 74460D109 | 357 | 2,150 | SH | | SOLE | | 0 | 0 | 2,150 |
PUMA BIOTECHNOLOGY INC | COM | 74587V107 | 734 | 3,075 | SH | | SOLE | | 0 | 0 | 3,075 |
QUALCOMM INC | COM | 747525103 | 881 | 11,788 | SH | | SOLE | | 0 | 0 | 11,788 |
RAYTHEON COMPANY | COM | 755111507 | 226 | 2,223 | SH | | SOLE | | 0 | 0 | 2,223 |
REDWOOD TRUST INC | COM | 758075402 | 1,948 | 117,467 | SH | | SOLE | | 0 | 0 | 117,467 |
SCHLUMBERGER LTD COM | COM | 806857108 | 682 | 6,702 | SH | | SOLE | | 0 | 0 | 6,702 |
SCHWAB (CHARLES) CORP | COM | 808513105 | 344 | 11,700 | SH | | SOLE | | 0 | 0 | 11,700 |
SHIP FINANCE INTL LTD | COM | G81075106 | 9,841 | 581,594 | SH | | SOLE | | 0 | 0 | 581,594 |
SPECTRA ENERGY CORP | COM | 847560109 | 2,588 | 65,917 | SH | | SOLE | | 0 | 0 | 65,917 |
STANLEY BLACK & DECKER INC | COM | 854502101 | 230 | 2,587 | SH | | SOLE | | 0 | 0 | 2,587 |
STARBUCKS CORP | COM | 855244109 | 2,798 | 37,075 | SH | | SOLE | | 0 | 0 | 37,075 |
T-MOBILE US INC | COM | 872590104 | 260 | 9,010 | SH | | SOLE | | 0 | 0 | 9,010 |
TEVA PHARMACEUTICAL-SP ADR | COM | 881624209 | 693 | 12,900 | SH | | SOLE | | 0 | 0 | 12,900 |
TEXAS INSTRUMENTS INC. | COM | 882508104 | 647 | 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 | 623 | 12,461 | SH | | SOLE | | 0 | 0 | 12,461 |
WALT DISNEY COMPANY, THE | COM | 254687106 | 561 | 6,300 | SH | | SOLE | | 0 | 0 | 6,300 |
WELLS FARGO COMPANY | COM | 949746101 | 275 | 5,305 | SH | | SOLE | | 0 | 0 | 5,305 |
WHOLE FOODS MARKET INC | COM | 966837106 | 1,005 | 26,380 | SH | | SOLE | | 0 | 0 | 26,380 |
WYNN RESORTS LTD | COM | 983134107 | 262 | 1,400 | SH | | SOLE | | 0 | 0 | 1,400 |
COUNTRYWIDE CAPITAL V | PFD | 222388209 | 2,790 | 108,576 | SH | | SOLE | | 0 | 0 | 108,576 |
GASTAR EXPLORAT 8.6250% SERIES | PFD | 36729P207 | 6,649 | 263,217 | SH | | SOLE | | 0 | 0 | 263,217 |
MORGAN STANLEY CAP TR III 6.25 | PFD | 617460209 | 3,531 | 139,525 | SH | | SOLE | | 0 | 0 | 139,525 |
TRANSTEXAS GAS CORP SR PFD SER | PFD | 893895607 | 0 | 41,140 | SH | | SOLE | | 0 | 0 | 41,140 |