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 | 673 | 4,465 | SH | | SOLE | | 0 | 0 | 4,465 |
ABBVIE INC | COM | 00287Y109 | 320 | 5,400 | SH | | SOLE | | 0 | 0 | 5,400 |
ACHILLION PHARMACEUTICALS | COM | 00448Q201 | 4,969 | 460,550 | SH | | SOLE | | 0 | 0 | 460,550 |
AIR LEASE CORP | COM | 00912X302 | 1,378 | 41,150 | SH | | SOLE | | 0 | 0 | 41,150 |
AIR PRODUCTS & CHEMICALS INC | COM | 009158106 | 334 | 2,567 | SH | | SOLE | | 0 | 0 | 2,567 |
ALLERGAN INC | COM | 018490102 | 230 | 736 | SH | | SOLE | | 0 | 0 | 736 |
ALPHABET INC - CL A | COM | 02079k305 | 4,028 | 5,177 | SH | | SOLE | | 0 | 0 | 5,177 |
ALPHABET INC - CL C | COM | 02079K107 | 4,164 | 5,488 | SH | | SOLE | | 0 | 0 | 5,488 |
ALTRIA GROUP (fka Philip Morri | COM | 02209S103 | 934 | 16,040 | SH | | SOLE | | 0 | 0 | 16,040 |
AMERICAN EXPRESS CO. | COM | 025816109 | 240 | 3,447 | SH | | SOLE | | 0 | 0 | 3,447 |
AMGEN INC. | COM | 031162100 | 1,586 | 9,768 | SH | | SOLE | | 0 | 0 | 9,768 |
ANALOG DEVICES INC | COM | 032654105 | 955 | 17,267 | SH | | SOLE | | 0 | 0 | 17,267 |
ANNALY CAPITAL MANAGEMENT INC | COM | 035710409 | 188 | 20,000 | SH | | SOLE | | 0 | 0 | 20,000 |
ANWORTH MORTGAGE ASSET CORP | COM | 037347101 | 1,651 | 379,600 | SH | | SOLE | | 0 | 0 | 379,600 |
APPLE INC. | COM | 037833100 | 10,378 | 98,598 | SH | | SOLE | | 0 | 0 | 98,598 |
AT&T INC | COM | 00206R102 | 1,583 | 46,007 | SH | | SOLE | | 0 | 0 | 46,007 |
BERKSHIRE HATHAWAY INC - CLASS | COM | 084670702 | 690 | 5,225 | SH | | SOLE | | 0 | 0 | 5,225 |
BGC PARTNERS INC-CL A | COM | 05541T101 | 7,323 | 746,483 | SH | | SOLE | | 0 | 0 | 746,483 |
BJ'S RESTAURANTS INC | COM | 09180C106 | 319 | 7,333 | SH | | SOLE | | 0 | 0 | 7,333 |
BP P.L.C. ADR (fmly BP Amoco P | COM | 055622104 | 1,629 | 52,109 | SH | | SOLE | | 0 | 0 | 52,109 |
BRISTOL MYERS SQUIBB COM | COM | 110122108 | 3,535 | 51,395 | SH | | SOLE | | 0 | 0 | 51,395 |
CALLIDUS SOFTWARE INC | COM | 13123E500 | 4,582 | 246,725 | SH | | SOLE | | 0 | 0 | 246,725 |
CANADIAN NATL RAILWAY CO | COM | 136375102 | 2,109 | 37,750 | SH | | SOLE | | 0 | 0 | 37,750 |
CELGENE CORP | COM | 151020104 | 7,397 | 61,769 | SH | | SOLE | | 0 | 0 | 61,769 |
CELLDEX THERAPEUTICS INC | COM | 15117B103 | 922 | 58,790 | SH | | SOLE | | 0 | 0 | 58,790 |
CHECK POINT SOFTWARE TECH | COM | M22465104 | 6,797 | 83,519 | SH | | SOLE | | 0 | 0 | 83,519 |
CHEVRON CORP (fmly ChevronTexa | COM | 166764100 | 2,062 | 22,918 | SH | | SOLE | | 0 | 0 | 22,918 |
COCA COLA COMPANY | COM | 191216100 | 738 | 17,175 | SH | | SOLE | | 0 | 0 | 17,175 |
COMCAST CORP NEW CLASS A SPECI | COM | 20030N200 | 290 | 5,000 | SH | | SOLE | | 0 | 0 | 5,000 |
CONOCOPHILLIPS | COM | 20825C104 | 2,056 | 44,037 | SH | | SOLE | | 0 | 0 | 44,037 |
CVS HEALTH CORP | COM | 126650100 | 263 | 2,692 | SH | | SOLE | | 0 | 0 | 2,692 |
DUKE ENERGY CORP-NEW | COM | 26441C204 | 1,055 | 14,775 | SH | | SOLE | | 0 | 0 | 14,775 |
EAST WEST BANCORP INC | COM | 27579R104 | 1,383 | 33,275 | SH | | SOLE | | 0 | 0 | 33,275 |
ENERGOUS CORP | COM | 29272C103 | 7,761 | 981,150 | SH | | SOLE | | 0 | 0 | 981,150 |
EQUIFAX INC. | COM | 294429105 | 278 | 2,500 | SH | | SOLE | | 0 | 0 | 2,500 |
EQUITY RESIDENTIAL- fka Equity | COM | 29476L107 | 245 | 3,000 | SH | | SOLE | | 0 | 0 | 3,000 |
EURONAV NV | COM | B38564108 | 4,250 | 310,000 | SH | | SOLE | | 0 | 0 | 310,000 |
EURONET WORLDWIDE INC | COM | 298736109 | 235 | 3,250 | SH | | SOLE | | 0 | 0 | 3,250 |
EXPRESS SCRIPTS HOLDING COMPAN | COM | 30219G108 | 308 | 3,528 | SH | | SOLE | | 0 | 0 | 3,528 |
EXXON MOBIL CORPORATION | COM | 30231G102 | 1,403 | 17,999 | SH | | SOLE | | 0 | 0 | 17,999 |
FIRST NIAGARA FINANCIAL GROUP, | COM | 33582V108 | 126 | 11,652 | SH | | SOLE | | 0 | 0 | 11,652 |
FIRST POTOMAC REALTY TRUST | COM | 33610f109 | 3,908 | 342,800 | SH | | SOLE | | 0 | 0 | 342,800 |
FIVE PRIME THERAPEUTICS INC | COM | 33830X104 | 255 | 6,150 | SH | | SOLE | | 0 | 0 | 6,150 |
FRONTIER COMMUNICATIONS CORP | COM | 35906A108 | 4,270 | 914,360 | SH | | SOLE | | 0 | 0 | 914,360 |
GENERAL DYNAMICS CORP | COM | 369550108 | 275 | 2,000 | SH | | SOLE | | 0 | 0 | 2,000 |
GENERAL ELECTRIC CO | COM | 369604103 | 2,572 | 82,560 | SH | | SOLE | | 0 | 0 | 82,560 |
GILEAD SCIENCES INC. | COM | 375558103 | 7,841 | 77,486 | SH | | SOLE | | 0 | 0 | 77,486 |
HALLIBURTON CO. | COM | 406216101 | 2,000 | 58,762 | SH | | SOLE | | 0 | 0 | 58,762 |
HALOZYME THERAPEAUTICS INC | COM | 40637h109 | 899 | 51,850 | SH | | SOLE | | 0 | 0 | 51,850 |
HONEYWELL INTERNATIONAL INC | COM | 438516106 | 422 | 4,075 | SH | | SOLE | | 0 | 0 | 4,075 |
INTEL CORP COM | COM | 458140100 | 1,785 | 51,828 | SH | | SOLE | | 0 | 0 | 51,828 |
INTERNATIONAL BUSINESS MACHINE | COM | 459200101 | 993 | 7,219 | SH | | SOLE | | 0 | 0 | 7,219 |
J.P. MORGAN CHASE & CO | COM | 46625H100 | 261 | 3,952 | SH | | SOLE | | 0 | 0 | 3,952 |
JOHNSON & JOHNSON | COM | 478160104 | 4,765 | 46,389 | SH | | SOLE | | 0 | 0 | 46,389 |
KIMBERLY CLARK | COM | 494368103 | 766 | 6,020 | SH | | SOLE | | 0 | 0 | 6,020 |
LEXINGTON REALTY TRUST | COM | 529043101 | 4,379 | 547,401 | SH | | SOLE | | 0 | 0 | 547,401 |
LILLY ELI & CO COM | COM | 532457108 | 240 | 2,850 | SH | | SOLE | | 0 | 0 | 2,850 |
LOCKHEED MARTIN CORPORATION | COM | 539830109 | 1,357 | 6,250 | SH | | SOLE | | 0 | 0 | 6,250 |
LOWES COMPANIES INC. | COM | 548661107 | 400 | 5,254 | SH | | SOLE | | 0 | 0 | 5,254 |
MACROGENICS INC | COM | 556099109 | 909 | 29,350 | SH | | SOLE | | 0 | 0 | 29,350 |
MARATHON PETROLEUM CORP | COM | 56585A102 | 2,449 | 47,240 | SH | | SOLE | | 0 | 0 | 47,240 |
MERCK and CO INC | COM | 58933Y105 | 3,214 | 60,855 | SH | | SOLE | | 0 | 0 | 60,855 |
MICROCHIP TECHNOLOGY INC | COM | 595017104 | 5,432 | 116,720 | SH | | SOLE | | 0 | 0 | 116,720 |
MICROSOFT | COM | 594918104 | 390 | 7,021 | SH | | SOLE | | 0 | 0 | 7,021 |
MIDDLEBY CORP | COM | 596278101 | 388 | 3,600 | SH | | SOLE | | 0 | 0 | 3,600 |
MONDELEZ INTERNATIONAL -W/I | COM | 609207105 | 2,066 | 46,067 | SH | | SOLE | | 0 | 0 | 46,067 |
NESTLE SA - SPONS ADR FOR REG | COM | 641069406 | 298 | 4,000 | SH | | SOLE | | 0 | 0 | 4,000 |
NEW RESIDENTIAL | COM | 64828T201 | 2,253 | 185,296 | SH | | SOLE | | 0 | 0 | 185,296 |
NEW SENIOR INVESTMENT GROUP | COM | 648691103 | 4,400 | 446,200 | SH | | SOLE | | 0 | 0 | 446,200 |
NIKE INC CL B | COM | 654106103 | 843 | 13,496 | SH | | SOLE | | 0 | 0 | 13,496 |
NORDIC AMERICAN TANKERS LTD | COM | g65773106 | 4,557 | 293,250 | SH | | SOLE | | 0 | 0 | 293,250 |
NORTHROP GRUMMAN CORP | COM | 666807102 | 486 | 2,575 | SH | | SOLE | | 0 | 0 | 2,575 |
NOVARTIS AG-ADR | COM | 66987V109 | 398 | 4,625 | SH | | SOLE | | 0 | 0 | 4,625 |
PEPSICO INC COM | COM | 713448108 | 1,271 | 12,716 | SH | | SOLE | | 0 | 0 | 12,716 |
PFIZER INC. | COM | 717081103 | 1,913 | 59,258 | SH | | SOLE | | 0 | 0 | 59,258 |
PHILLIP MORRIS INTERNATIONAL | COM | 718172109 | 674 | 7,664 | SH | | SOLE | | 0 | 0 | 7,664 |
PHILLIPS 66 | COM | 718546104 | 3,131 | 38,280 | SH | | SOLE | | 0 | 0 | 38,280 |
PROCTER & GAMBLE CO. | COM | 742718109 | 1,001 | 12,610 | SH | | SOLE | | 0 | 0 | 12,610 |
PUBLIC STORAGE | COM | 74460D109 | 503 | 2,030 | SH | | SOLE | | 0 | 0 | 2,030 |
QUALCOMM INC | COM | 747525103 | 626 | 12,525 | SH | | SOLE | | 0 | 0 | 12,525 |
RAYTHEON COMPANY | COM | 755111507 | 274 | 2,198 | SH | | SOLE | | 0 | 0 | 2,198 |
REDWOOD TRUST INC | COM | 758075402 | 1,513 | 114,617 | SH | | SOLE | | 0 | 0 | 114,617 |
ROCHE HOLDINGS-SPONS ADR | COM | 771195104 | 242 | 7,000 | SH | | SOLE | | 0 | 0 | 7,000 |
SCHLUMBERGER LTD COM | COM | 806857108 | 467 | 6,689 | SH | | SOLE | | 0 | 0 | 6,689 |
SCHWAB (CHARLES) CORP | COM | 808513105 | 451 | 13,700 | SH | | SOLE | | 0 | 0 | 13,700 |
SHIP FINANCE INTL LTD | COM | G81075106 | 9,716 | 586,384 | SH | | SOLE | | 0 | 0 | 586,384 |
SPECTRA ENERGY CORP | COM | 847560109 | 768 | 32,067 | SH | | SOLE | | 0 | 0 | 32,067 |
SPRAGUE RESOURCES LP | COM | 849343108 | 3,202 | 158,750 | SH | | SOLE | | 0 | 0 | 158,750 |
STANLEY BLACK & DECKER INC | COM | 854502101 | 231 | 2,164 | SH | | SOLE | | 0 | 0 | 2,164 |
STARBUCKS CORP | COM | 855244109 | 5,074 | 84,528 | SH | | SOLE | | 0 | 0 | 84,528 |
STARWOOD PROPERTY TRUST INC | COM | 85571B105 | 206 | 10,000 | SH | | SOLE | | 0 | 0 | 10,000 |
T-MOBILE US INC | COM | 872590104 | 316 | 8,070 | SH | | SOLE | | 0 | 0 | 8,070 |
TEVA PHARMACEUTICAL-SP ADR | COM | 881624209 | 843 | 12,850 | SH | | SOLE | | 0 | 0 | 12,850 |
TEXAS INSTRUMENTS INC. | COM | 882508104 | 727 | 13,260 | SH | | SOLE | | 0 | 0 | 13,260 |
THE KRAFT HEINZ CO | COM | 500754106 | 1,677 | 23,048 | SH | | SOLE | | 0 | 0 | 23,048 |
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 | 790 | 18,525 | SH | | SOLE | | 0 | 0 | 18,525 |
VERIZON COMMUNICATIONS-fmly Be | COM | 92343V104 | 1,231 | 26,627 | SH | | SOLE | | 0 | 0 | 26,627 |
VERTEX PHARMACEUTICALS INC | COM | 92532F100 | 1,183 | 9,400 | SH | | SOLE | | 0 | 0 | 9,400 |
VF CORP | COM | 918204108 | 249 | 4,000 | SH | | SOLE | | 0 | 0 | 4,000 |
WABTEC CORP | COM | 929740108 | 284 | 4,000 | SH | | SOLE | | 0 | 0 | 4,000 |
WALT DISNEY COMPANY, THE | COM | 254687106 | 1,737 | 16,530 | SH | | SOLE | | 0 | 0 | 16,530 |
WELLS FARGO COMPANY | COM | 949746101 | 1,018 | 18,732 | SH | | SOLE | | 0 | 0 | 18,732 |
WYNN RESORTS LTD | COM | 983134107 | 313 | 4,525 | SH | | SOLE | | 0 | 0 | 4,525 |
XILINX INC | COM | 983919101 | 202 | 4,300 | SH | | SOLE | | 0 | 0 | 4,300 |
COUNTRYWIDE CAPITAL V | PFD | 222388209 | 2,511 | 97,976 | SH | | SOLE | | 0 | 0 | 97,976 |
MORGAN STANLEY CAP TR III 6.25 | PFD | 617460209 | 3,434 | 134,775 | SH | | SOLE | | 0 | 0 | 134,775 |
TRANSTEXAS GAS CORP SR PFD SER | PFD | 893895607 | 0 | 41,140 | SH | | SOLE | | 0 | 0 | 41,140 |