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 | 633 | 4,465 | SH | | SOLE | | 0 | 0 | 4,465 |
ABBVIE INC | COM | 00287Y109 | 348 | 6,400 | SH | | SOLE | | 0 | 0 | 6,400 |
ACHILLION PHARMACEUTICALS | COM | 00448Q201 | 3,525 | 510,125 | SH | | SOLE | | 0 | 0 | 510,125 |
AIR LEASE CORP | COM | 00912X302 | 1,480 | 47,850 | SH | | SOLE | | 0 | 0 | 47,850 |
AIR PRODUCTS & CHEMICALS INC | COM | 009158106 | 359 | 2,817 | SH | | SOLE | | 0 | 0 | 2,817 |
ALLERGAN INC | COM | 018490102 | 212 | 780 | SH | | SOLE | | 0 | 0 | 780 |
ALPHABET INC - CL A | COM | 02079k305 | 3,533 | 5,534 | SH | | SOLE | | 0 | 0 | 5,534 |
ALPHABET INC - CL C | COM | 02079K107 | 3,556 | 5,845 | SH | | SOLE | | 0 | 0 | 5,845 |
ALTRIA GROUP (fka Philip Morri | COM | 02209S103 | 873 | 16,040 | SH | | SOLE | | 0 | 0 | 16,040 |
AMERICAN EXPRESS CO. | COM | 025816109 | 256 | 3,447 | SH | | SOLE | | 0 | 0 | 3,447 |
AMGEN INC. | COM | 031162100 | 1,372 | 9,918 | SH | | SOLE | | 0 | 0 | 9,918 |
ANALOG DEVICES INC | COM | 032654105 | 1,042 | 18,467 | SH | | SOLE | | 0 | 0 | 18,467 |
ANNALY CAPITAL MANAGEMENT INC | COM | 035710409 | 197 | 20,000 | SH | | SOLE | | 0 | 0 | 20,000 |
ANWORTH MORTGAGE ASSET CORP | COM | 037347101 | 2,153 | 435,750 | SH | | SOLE | | 0 | 0 | 435,750 |
APPLE INC. | COM | 037833100 | 12,399 | 112,408 | SH | | SOLE | | 0 | 0 | 112,408 |
AT&T INC | COM | 00206R102 | 1,431 | 43,927 | SH | | SOLE | | 0 | 0 | 43,927 |
BERKSHIRE HATHAWAY INC - CLASS | COM | 084670702 | 681 | 5,225 | SH | | SOLE | | 0 | 0 | 5,225 |
BGC PARTNERS INC-CL A | COM | 05541T101 | 5,968 | 726,073 | SH | | SOLE | | 0 | 0 | 726,073 |
BJ'S RESTAURANTS INC | COM | 09180C106 | 316 | 7,333 | SH | | SOLE | | 0 | 0 | 7,333 |
BP P.L.C. ADR (fmly BP Amoco P | COM | 055622104 | 931 | 30,459 | SH | | SOLE | | 0 | 0 | 30,459 |
BRISTOL MYERS SQUIBB COM | COM | 110122108 | 2,982 | 50,365 | SH | | SOLE | | 0 | 0 | 50,365 |
CALLIDUS SOFTWARE INC | COM | 13123E500 | 5,255 | 309,325 | SH | | SOLE | | 0 | 0 | 309,325 |
CANADIAN NATL RAILWAY CO | COM | 136375102 | 2,784 | 49,050 | SH | | SOLE | | 0 | 0 | 49,050 |
CELGENE CORP | COM | 151020104 | 6,784 | 62,719 | SH | | SOLE | | 0 | 0 | 62,719 |
CELLDEX THERAPEUTICS INC | COM | 15117B103 | 457 | 43,345 | SH | | SOLE | | 0 | 0 | 43,345 |
CHECK POINT SOFTWARE TECH | COM | M22465104 | 6,743 | 84,994 | SH | | SOLE | | 0 | 0 | 84,994 |
CHEVRON CORP (fmly ChevronTexa | COM | 166764100 | 1,808 | 22,918 | SH | | SOLE | | 0 | 0 | 22,918 |
COCA COLA COMPANY | COM | 191216100 | 690 | 17,195 | SH | | SOLE | | 0 | 0 | 17,195 |
COMCAST CORP NEW CLASS A SPECI | COM | 20030N200 | 286 | 5,000 | SH | | SOLE | | 0 | 0 | 5,000 |
CONOCOPHILLIPS | COM | 20825C104 | 2,099 | 43,759 | SH | | SOLE | | 0 | 0 | 43,759 |
CVS HEALTH CORP | COM | 126650100 | 217 | 2,250 | SH | | SOLE | | 0 | 0 | 2,250 |
DUKE ENERGY CORP-NEW | COM | 26441C204 | 1,166 | 16,207 | SH | | SOLE | | 0 | 0 | 16,207 |
EAST WEST BANCORP INC | COM | 27579R104 | 1,278 | 33,275 | SH | | SOLE | | 0 | 0 | 33,275 |
ENERGOUS CORP | COM | 29272C103 | 5,989 | 868,025 | SH | | SOLE | | 0 | 0 | 868,025 |
EPIZYME INC | COM | 29428V104 | 142 | 11,050 | SH | | SOLE | | 0 | 0 | 11,050 |
EQUIFAX INC. | COM | 294429105 | 243 | 2,500 | SH | | SOLE | | 0 | 0 | 2,500 |
EQUITY RESIDENTIAL- fka Equity | COM | 29476L107 | 225 | 3,000 | SH | | SOLE | | 0 | 0 | 3,000 |
EURONET WORLDWIDE INC | COM | 298736109 | 241 | 3,250 | SH | | SOLE | | 0 | 0 | 3,250 |
EXPRESS SCRIPTS HOLDING COMPAN | COM | 30219G108 | 286 | 3,528 | SH | | SOLE | | 0 | 0 | 3,528 |
EXXON MOBIL CORPORATION | COM | 30231G102 | 1,342 | 18,049 | SH | | SOLE | | 0 | 0 | 18,049 |
FIRST NIAGARA FINANCIAL GROUP, | COM | 33582V108 | 119 | 11,652 | SH | | SOLE | | 0 | 0 | 11,652 |
FIRST POTOMAC REALTY TRUST | COM | 33610f109 | 3,787 | 344,300 | SH | | SOLE | | 0 | 0 | 344,300 |
FRONTIER COMMUNICATIONS CORP | COM | 35906A108 | 4,945 | 1,041,049 | SH | | SOLE | | 0 | 0 | 1,041,049 |
GENERAL DYNAMICS CORP | COM | 369550108 | 276 | 2,000 | SH | | SOLE | | 0 | 0 | 2,000 |
GENERAL ELECTRIC CO | COM | 369604103 | 2,082 | 82,560 | SH | | SOLE | | 0 | 0 | 82,560 |
GILEAD SCIENCES INC. | COM | 375558103 | 7,591 | 77,306 | SH | | SOLE | | 0 | 0 | 77,306 |
GOLAR LNG LTD | COM | G9456A100 | 3,243 | 116,330 | SH | | SOLE | | 0 | 0 | 116,330 |
HALLIBURTON CO. | COM | 406216101 | 2,119 | 59,942 | SH | | SOLE | | 0 | 0 | 59,942 |
HALOZYME THERAPEAUTICS INC | COM | 40637h109 | 691 | 51,415 | SH | | SOLE | | 0 | 0 | 51,415 |
HONEYWELL INTERNATIONAL INC | COM | 438516106 | 386 | 4,075 | SH | | SOLE | | 0 | 0 | 4,075 |
INTEL CORP COM | COM | 458140100 | 1,564 | 51,878 | SH | | SOLE | | 0 | 0 | 51,878 |
INTERNATIONAL BUSINESS MACHINE | COM | 459200101 | 1,050 | 7,243 | SH | | SOLE | | 0 | 0 | 7,243 |
J.P. MORGAN CHASE & CO | COM | 46625H100 | 241 | 3,952 | SH | | SOLE | | 0 | 0 | 3,952 |
JOHNSON & JOHNSON | COM | 478160104 | 4,330 | 46,389 | SH | | SOLE | | 0 | 0 | 46,389 |
KIMBERLY CLARK | COM | 494368103 | 656 | 6,020 | SH | | SOLE | | 0 | 0 | 6,020 |
LEXINGTON REALTY TRUST | COM | 529043101 | 4,380 | 540,701 | SH | | SOLE | | 0 | 0 | 540,701 |
LILLY ELI & CO COM | COM | 532457108 | 239 | 2,850 | SH | | SOLE | | 0 | 0 | 2,850 |
LOCKHEED MARTIN CORPORATION | COM | 539830109 | 974 | 4,700 | SH | | SOLE | | 0 | 0 | 4,700 |
LOWES COMPANIES INC. | COM | 548661107 | 376 | 5,454 | SH | | SOLE | | 0 | 0 | 5,454 |
MARATHON OIL CORP | COM | 565849106 | 220 | 14,258 | SH | | SOLE | | 0 | 0 | 14,258 |
MARATHON PETROLEUM CORP | COM | 56585A102 | 2,189 | 47,240 | SH | | SOLE | | 0 | 0 | 47,240 |
MERCK and CO INC | COM | 58933Y105 | 3,030 | 61,355 | SH | | SOLE | | 0 | 0 | 61,355 |
MICROCHIP TECHNOLOGY INC | COM | 595017104 | 5,025 | 116,620 | SH | | SOLE | | 0 | 0 | 116,620 |
MICROSOFT | COM | 594918104 | 311 | 7,021 | SH | | SOLE | | 0 | 0 | 7,021 |
MIDDLEBY CORP | COM | 596278101 | 379 | 3,600 | SH | | SOLE | | 0 | 0 | 3,600 |
MONDELEZ INTERNATIONAL -W/I | COM | 609207105 | 1,929 | 46,067 | SH | | SOLE | | 0 | 0 | 46,067 |
NESTLE SA - SPONS ADR FOR REG | COM | 641069406 | 300 | 4,000 | SH | | SOLE | | 0 | 0 | 4,000 |
NEW RESIDENTIAL | COM | 64828T201 | 3,184 | 243,036 | SH | | SOLE | | 0 | 0 | 243,036 |
NEW SENIOR INVESTMENT GROUP | COM | 648691103 | 881 | 84,242 | SH | | SOLE | | 0 | 0 | 84,242 |
NIKE INC CL B | COM | 654106103 | 824 | 6,698 | SH | | SOLE | | 0 | 0 | 6,698 |
NORDIC AMERICAN TANKERS LTD | COM | g65773106 | 1,414 | 93,000 | SH | | SOLE | | 0 | 0 | 93,000 |
NORTHROP GRUMMAN CORP | COM | 666807102 | 427 | 2,575 | SH | | SOLE | | 0 | 0 | 2,575 |
NOVARTIS AG-ADR | COM | 66987V109 | 432 | 4,700 | SH | | SOLE | | 0 | 0 | 4,700 |
PEPSICO INC COM | COM | 713448108 | 1,199 | 12,716 | SH | | SOLE | | 0 | 0 | 12,716 |
PFIZER INC. | COM | 717081103 | 1,861 | 59,258 | SH | | SOLE | | 0 | 0 | 59,258 |
PHILLIP MORRIS INTERNATIONAL | COM | 718172109 | 608 | 7,664 | SH | | SOLE | | 0 | 0 | 7,664 |
PHILLIPS 66 | COM | 718546104 | 3,018 | 39,275 | SH | | SOLE | | 0 | 0 | 39,275 |
PROCTER & GAMBLE CO. | COM | 742718109 | 907 | 12,610 | SH | | SOLE | | 0 | 0 | 12,610 |
PUBLIC STORAGE | COM | 74460D109 | 461 | 2,180 | SH | | SOLE | | 0 | 0 | 2,180 |
QUALCOMM INC | COM | 747525103 | 503 | 9,353 | SH | | SOLE | | 0 | 0 | 9,353 |
RAYTHEON COMPANY | COM | 755111507 | 243 | 2,223 | SH | | SOLE | | 0 | 0 | 2,223 |
REDWOOD TRUST INC | COM | 758075402 | 1,586 | 114,617 | SH | | SOLE | | 0 | 0 | 114,617 |
ROCHE HOLDINGS-SPONS ADR | COM | 771195104 | 230 | 7,000 | SH | | SOLE | | 0 | 0 | 7,000 |
SCHLUMBERGER LTD COM | COM | 806857108 | 461 | 6,689 | SH | | SOLE | | 0 | 0 | 6,689 |
SCHWAB (CHARLES) CORP | COM | 808513105 | 394 | 13,800 | SH | | SOLE | | 0 | 0 | 13,800 |
SHIP FINANCE INTL LTD | COM | G81075106 | 9,859 | 606,724 | SH | | SOLE | | 0 | 0 | 606,724 |
SPECTRA ENERGY CORP | COM | 847560109 | 1,657 | 63,067 | SH | | SOLE | | 0 | 0 | 63,067 |
SPRAGUE RESOURCES LP | COM | 849343108 | 3,166 | 166,350 | SH | | SOLE | | 0 | 0 | 166,350 |
STANLEY BLACK & DECKER INC | COM | 854502101 | 247 | 2,546 | SH | | SOLE | | 0 | 0 | 2,546 |
STARBUCKS CORP | COM | 855244109 | 4,659 | 81,968 | SH | | SOLE | | 0 | 0 | 81,968 |
STARWOOD PROPERTY TRUST INC | COM | 85571B105 | 205 | 10,000 | SH | | SOLE | | 0 | 0 | 10,000 |
T-MOBILE US INC | COM | 872590104 | 346 | 8,690 | SH | | SOLE | | 0 | 0 | 8,690 |
TEVA PHARMACEUTICAL-SP ADR | COM | 881624209 | 727 | 12,875 | SH | | SOLE | | 0 | 0 | 12,875 |
TEXAS INSTRUMENTS INC. | COM | 882508104 | 671 | 13,560 | SH | | SOLE | | 0 | 0 | 13,560 |
THE KRAFT HEINZ CO | COM | 500754106 | 1,641 | 23,247 | SH | | SOLE | | 0 | 0 | 23,247 |
TRANSENTERIX INC | COM | 89366M201 | 88 | 39,000 | SH | | SOLE | | 0 | 0 | 39,000 |
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 |
US BANCORP - NEW | COM | 902973304 | 760 | 18,535 | SH | | SOLE | | 0 | 0 | 18,535 |
VERIZON COMMUNICATIONS-fmly Be | COM | 92343V104 | 1,156 | 26,577 | SH | | SOLE | | 0 | 0 | 26,577 |
VERTEX PHARMACEUTICALS INC | COM | 92532F100 | 1,240 | 11,910 | SH | | SOLE | | 0 | 0 | 11,910 |
VF CORP | COM | 918204108 | 273 | 4,000 | SH | | SOLE | | 0 | 0 | 4,000 |
WABTEC CORP | COM | 929740108 | 352 | 4,000 | SH | | SOLE | | 0 | 0 | 4,000 |
WALT DISNEY COMPANY, THE | COM | 254687106 | 1,715 | 16,785 | SH | | SOLE | | 0 | 0 | 16,785 |
WELLS FARGO COMPANY | COM | 949746101 | 1,013 | 19,732 | SH | | SOLE | | 0 | 0 | 19,732 |
COUNTRYWIDE CAPITAL V | PFD | 222388209 | 2,582 | 100,576 | SH | | SOLE | | 0 | 0 | 100,576 |
GASTAR EXPLORAT 8.6250% SERIES | PFD | 36729P207 | 3,718 | 376,351 | SH | | SOLE | | 0 | 0 | 376,351 |
MORGAN STANLEY CAP TR III 6.25 | PFD | 617460209 | 3,536 | 139,275 | SH | | SOLE | | 0 | 0 | 139,275 |
TRANSTEXAS GAS CORP SR PFD SER | PFD | 893895607 | 0 | 41,140 | SH | | SOLE | | 0 | 0 | 41,140 |