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	694	3,965	SH		SOLE		0	0	3,965
ACHILLION PHARMACEUTICALS	COM	00448Q201	826	105,850	SH		SOLE		0	0	105,850
AIR PRODUCTS & CHEMICALS INC	COM	009158106	365	2,567	SH		SOLE		0	0	2,567
ALPHABET INC - CL A	COM	02079k305	3,410	4,847	SH		SOLE		0	0	4,847
ALPHABET INC - CL C	COM	02079K107	3,580	5,173	SH		SOLE		0	0	5,173
ALTRIA GROUP (fka Philip Morri	COM	02209S103	1,106	16,040	SH		SOLE		0	0	16,040
AMERICAN EXPRESS CO.	COM	025816109	216	3,547	SH		SOLE		0	0	3,547
AMGEN INC.	COM	031162100	1,641	10,783	SH		SOLE		0	0	10,783
ANALOG DEVICES INC	COM	032654105	978	17,267	SH		SOLE		0	0	17,267
ANNALY CAPITAL MANAGEMENT INC	COM	035710409	332	30,000	SH		SOLE		0	0	30,000
ANWORTH MORTGAGE ASSET CORP	COM	037347101	1,784	379,600	SH		SOLE		0	0	379,600
APPLE INC.	COM	037833100	9,240	96,653	SH		SOLE		0	0	96,653
AT&T INC	COM	00206R102	1,772	41,007	SH		SOLE		0	0	41,007
BERKSHIRE HATHAWAY INC - CLASS	COM	084670702	757	5,225	SH		SOLE		0	0	5,225
BGC PARTNERS INC-CL A	COM	05541T101	6,410	735,883	SH		SOLE		0	0	735,883
BJ'S RESTAURANTS INC	COM	09180C106	321	7,333	SH		SOLE		0	0	7,333
BP P.L.C. ADR (fmly BP Amoco P	COM	055622104	1,444	40,675	SH		SOLE		0	0	40,675
BRISTOL MYERS SQUIBB COM	COM	110122108	3,729	50,695	SH		SOLE		0	0	50,695
CALLIDUS SOFTWARE INC	COM	13123E500	4,087	204,575	SH		SOLE		0	0	204,575
CALLON PETROLEUM CO	COM	13123X102	233	20,775	SH		SOLE		0	0	20,775
CANADIAN NATL RAILWAY CO	COM	136375102	995	16,850	SH		SOLE		0	0	16,850
CAPSTEAD MORTGAGE CORP	COM	14067E506	485	50,000	SH		SOLE		0	0	50,000
CELGENE CORP	COM	151020104	5,486	55,619	SH		SOLE		0	0	55,619
CHECK POINT SOFTWARE TECH	COM	M22465104	6,320	79,319	SH		SOLE		0	0	79,319
CHEVRON CORP (fmly ChevronTexa	COM	166764100	2,309	22,028	SH		SOLE		0	0	22,028
COCA COLA COMPANY	COM	191216100	749	16,525	SH		SOLE		0	0	16,525
COMCAST CORP NEW CLASS A SPECI	COM	20030N200	290	5,000	SH		SOLE		0	0	5,000
CONOCOPHILLIPS	COM	20825C104	347	7,960	SH		SOLE		0	0	7,960
CYS INVESTMENTS INC	COM	12673A108	372	44,450	SH		SOLE		0	0	44,450
DUKE ENERGY CORP-NEW	COM	26441C204	1,268	14,775	SH		SOLE		0	0	14,775
EAST WEST BANCORP INC	COM	27579R104	1,137	33,275	SH		SOLE		0	0	33,275
ENERGOUS CORP	COM	29272C103	6,305	486,900	SH		SOLE		0	0	486,900
EQUIFAX INC.	COM	294429105	321	2,500	SH		SOLE		0	0	2,500
EQUITY RESIDENTIAL- fka Equity	COM	29476L107	207	3,000	SH		SOLE		0	0	3,000
EURONAV NV	COM	B38564108	9,177	1,000,750	SH		SOLE		0	0	1,000,750
EXAR CORP	COM	300645108	5,064	629,075	SH		SOLE		0	0	629,075
EXXON MOBIL CORPORATION	COM	30231G102	1,687	17,999	SH		SOLE		0	0	17,999
FIBROGEN INC	COM	31572Q808	319	19,425	SH		SOLE		0	0	19,425
FIRST NIAGARA FINANCIAL GROUP/	COM	33582V108	113	11,652	SH		SOLE		0	0	11,652
FIVE PRIME THERAPEUTICS INC	COM	33830X104	254	6,150	SH		SOLE		0	0	6,150
FRONTIER COMMUNICATIONS CORP	COM	35906A108	4,470	904,860	SH		SOLE		0	0	904,860
GASTAR EXPLORATION, INC.	COM	367299203	110	100,000	SH		SOLE		0	0	100,000
GENERAL DYNAMICS CORP	COM	369550108	278	2,000	SH		SOLE		0	0	2,000
GENERAL ELECTRIC CO	COM	369604103	2,494	79,210	SH		SOLE		0	0	79,210
GILEAD SCIENCES INC.	COM	375558103	5,735	68,746	SH		SOLE		0	0	68,746
GW PHARMACEUTICALS - ADR	COM	36197T103	250	2,725	SH		SOLE		0	0	2,725
HALLIBURTON CO.	COM	406216101	2,581	56,987	SH		SOLE		0	0	56,987
HALOZYME THERAPEAUTICS INC	COM	40637h109	931	107,900	SH		SOLE		0	0	107,900
HONEYWELL INTERNATIONAL INC	COM	438516106	474	4,075	SH		SOLE		0	0	4,075
INTEL CORP COM	COM	458140100	1,667	50,828	SH		SOLE		0	0	50,828
INTERNATIONAL BUSINESS MACHINE	COM	459200101	978	6,444	SH		SOLE		0	0	6,444
J.P. MORGAN CHASE & CO	COM	46625H100	205	3,302	SH		SOLE		0	0	3,302
JOHNSON & JOHNSON	COM	478160104	5,506	45,389	SH		SOLE		0	0	45,389
KIMBERLY CLARK	COM	494368103	807	5,870	SH		SOLE		0	0	5,870
LEXINGTON REALTY TRUST	COM	529043101	7,032	695,534	SH		SOLE		0	0	695,534
LILLY ELI & CO COM	COM	532457108	224	2,850	SH		SOLE		0	0	2,850
LOCKHEED MARTIN CORPORATION	COM	539830109	1,489	6,000	SH		SOLE		0	0	6,000
LOWES COMPANIES INC.	COM	548661107	337	4,254	SH		SOLE		0	0	4,254
MACROGENICS INC	COM	556099109	626	23,200	SH		SOLE		0	0	23,200
MARATHON PETROLEUM CORP	COM	56585A102	1,452	38,240	SH		SOLE		0	0	38,240
MERCK and CO INC	COM	58933Y105	3,425	59,455	SH		SOLE		0	0	59,455
MICROCHIP TECHNOLOGY INC	COM	595017104	6,024	118,670	SH		SOLE		0	0	118,670
MICROSOFT	COM	594918104	359	7,021	SH		SOLE		0	0	7,021
MIDDLEBY CORP	COM	596278101	415	3,600	SH		SOLE		0	0	3,600
MONDELEZ INTERNATIONAL -W/I	COM	609207105	2,097	46,067	SH		SOLE		0	0	46,067
NESTLE SA - SPONS ADR FOR REG	COM	641069406	309	4,000	SH		SOLE		0	0	4,000
NEW RESIDENTIAL	COM	64828T201	5,853	422,896	SH		SOLE		0	0	422,896
NEW SENIOR INVESTMENT GROUP	COM	648691103	6,004	562,200	SH		SOLE		0	0	562,200
NIKE INC CL B	COM	654106103	927	16,796	SH		SOLE		0	0	16,796
NORDIC AMERICAN TANKERS LTD	COM	g65773106	4,600	331,150	SH		SOLE		0	0	331,150
NORTHROP GRUMMAN CORP	COM	666807102	550	2,475	SH		SOLE		0	0	2,475
PARSLEY ENERGY INC-CLASS A	COM	701877102	323	11,950	SH		SOLE		0	0	11,950
PEPSICO INC COM	COM	713448108	1,347	12,716	SH		SOLE		0	0	12,716
PFIZER INC.	COM	717081103	2,071	58,808	SH		SOLE		0	0	58,808
PHILLIP MORRIS INTERNATIONAL	COM	718172109	780	7,664	SH		SOLE		0	0	7,664
PHILLIPS 66	COM	718546104	2,410	30,370	SH		SOLE		0	0	30,370
PROCTER & GAMBLE CO.	COM	742718109	970	11,460	SH		SOLE		0	0	11,460
PUBLIC STORAGE	COM	74460D109	519	2,030	SH		SOLE		0	0	2,030
QUALCOMM INC	COM	747525103	612	11,425	SH		SOLE		0	0	11,425
RAYTHEON COMPANY	COM	755111507	299	2,198	SH		SOLE		0	0	2,198
REDWOOD TRUST INC	COM	758075402	1,873	135,617	SH		SOLE		0	0	135,617
ROCHE HOLDINGS-SPONS ADR	COM	771195104	230	7,000	SH		SOLE		0	0	7,000
SCHLUMBERGER LTD COM	COM	806857108	529	6,689	SH		SOLE		0	0	6,689
SCHWAB (CHARLES) CORP	COM	808513105	347	13,700	SH		SOLE		0	0	13,700
SHIP FINANCE INTL LTD	COM	G81075106	8,488	575,834	SH		SOLE		0	0	575,834
SPECTRA ENERGY CORP	COM	847560109	1,175	32,067	SH		SOLE		0	0	32,067
SPRAGUE RESOURCES LP	COM	849343108	1,740	72,150	SH		SOLE		0	0	72,150
STANLEY BLACK & DECKER INC	COM	854502101	241	2,164	SH		SOLE		0	0	2,164
STARBUCKS CORP	COM	855244109	4,554	79,728	SH		SOLE		0	0	79,728
STARWOOD PROPERTY TRUST INC	COM	85571B105	207	10,000	SH		SOLE		0	0	10,000
SYNERGY RESOURCES CORP	COM	87164P103	227	34,050	SH		SOLE		0	0	34,050
T-MOBILE US INC	COM	872590104	330	7,620	SH		SOLE		0	0	7,620
TEVA PHARMACEUTICAL-SP ADR	COM	881624209	633	12,600	SH		SOLE		0	0	12,600
TEXAS INSTRUMENTS INC.	COM	882508104	804	12,840	SH		SOLE		0	0	12,840
THE KRAFT HEINZ CO	COM	500754106	2,008	22,698	SH		SOLE		0	0	22,698
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	657	16,290	SH		SOLE		0	0	16,290
VERIZON COMMUNICATIONS-fmly Be	COM	92343V104	1,478	26,477	SH		SOLE		0	0	26,477
VF CORP	COM	918204108	246	4,000	SH		SOLE		0	0	4,000
WABTEC CORP	COM	929740108	281	4,000	SH		SOLE		0	0	4,000
WALT DISNEY COMPANY, THE	COM	254687106	1,294	13,230	SH		SOLE		0	0	13,230
WELLS FARGO COMPANY	COM	949746101	1,555	32,862	SH		SOLE		0	0	32,862
WYNN RESORTS LTD	COM	983134107	652	7,195	SH		SOLE		0	0	7,195
COUNTRYWIDE CAPITAL V	PFD	222388209	2,527	96,876	SH		SOLE		0	0	96,876
MORGAN STANLEY CAP TR III 6.25	PFD	617460209	3,438	134,175	SH		SOLE		0	0	134,175
TRANSTEXAS GAS CORP SR PFD SER	PFD	893895607	0	41,140	SH		SOLE		0	0	41,140