UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or Quarter Ended March 31, 2013
Check here if Amendment: | |; Amendment Number:
This Amendment (Check only one): | | is a restatement
|_| adds new holding entries.
Institutional Manager Filing this Report:
Name: Pinnacle Associates Ltd.
Address: 335 Madison Avenue
11th Floor
New York, New York 10017
13F File Number: 028-01669
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Eliott Frank
Title: General Counsel/Chief Compliance Officer
Phone: (212) 652-3200
Signature, Place and Date of Signing:
/s/ Eliott Frank New York, New York May 13, 2013
----------------------- --------------------------- ----------------------
[Signature] [City, State] [Date]
Report Type: (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report).
[_] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting managers(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 582
Form 13F Information Table Value Total: $4,438,952
(thousands)
List of Other Included Managers: NONE
FORM 13F INFORMATION TABLE
Pinnacle Associates Ltd.
March 31, 2013
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 (x1000) PRN AMT PRN CALL DISCRETION MNGRS SOLE SHARED NONE
-------------- -------------- ----- ------- ------- --- ---- ---------- ----- ---- ------ ----
3M Company COM 88579Y101 5,548 52,185 SH Sole 52,185
AH Belo Corp COM 001282102 439 75,165 SH Sole 75,165
AMC Networks Inc A COM 00164V103 25,072 396,591 SH Sole 396,591
ASML Holding NV - NY Reg COM N07059210 472 6,940 SH Sole 6,940
AT&T Inc COM 00206R102 28,399 774,013 SH Sole 774,013
Abbott Laboratories COM 002824100 2,795 79,145 SH Sole 79,145
Abbvie Inc COM 00287Y109 3,626 88,926 SH Sole 88,926
Accenture PLC Cl A COM G1151C101 5,813 76,520 SH Sole 76,520
Acco Brands Corp COM 00081T108 81 12,137 SH Sole 12,137
Accuray Inc COM 004397105 93 20,000 SH Sole 20,000
Ace Ltd COM H0023R105 2,004 22,525 SH Sole 22,525
Aerovironment Inc COM 008073108 281 15,525 SH Sole 15,525
Aflac Inc COM 001055102 6,679 128,385 SH Sole 128,385
Agrium Inc COM 008916108 4,553 46,698 SH Sole 46,698
Akamai Technologies Inc COM 00971T101 1,423 40,282 SH Sole 40,282
Alcoa Inc COM 013817101 103 12,039 SH Sole 12,039
Allegheny Technologies Inc COM 01741R102 1,562 49,265 SH Sole 49,265
AllianceBernstein Holding LP COM 01881G106 400 18,250 SH Sole 18,250
Alpha Natural Resources Inc COM 02076x102 327 39,854 SH Sole 39,854
Altria Group Inc COM 02209S103 7,697 223,828 SH Sole 223,828
Amazon.Com Inc COM 023135106 684 2,567 SH Sole 2,567
Ameren Corporation COM 023608102 597 17,052 SH Sole 17,052
American Capital Agency Corp COM 02503X105 239 7,300 SH Sole 7,300
American Electric Power COM 025537101 3,656 75,189 SH Sole 75,189
American Express COM 025816109 7,928 117,521 SH Sole 117,521
Amgen Inc COM 031162100 9,500 92,677 SH Sole 92,677
Amira Nature Foods Ltd COM G0335L102 787 99,387 SH Sole 99,387
Anadarko Petroleum Corp COM 032511107 4,222 48,279 SH Sole 48,279
Annaly Capital Management COM 035710409 2,304 144,982 SH Sole 144,982
Anworth Mortgage Asset Corp COM 037347101 101 16,000 SH Sole 16,000
Apache Corp COM 037411105 371 4,811 SH Sole 4,811
Apple Inc COM 037833100 23,217 52,448 SH Sole 52,448
Applied Industrial Tech Inc COM 03820c105 975 21,673 SH Sole 21,673
Applied Materials COM 038222105 354 26,255 SH Sole 26,255
Archer-Daniels Midland Co COM 039483102 1,345 39,874 SH Sole 39,874
Ariad Pharmaceuticals COM 04033A100 231 12,750 SH Sole 12,750
Armour Residential Reit Inc COM 042315101 91 14,000 SH Sole 14,000
Arris Group Inc COM 04269Q100 28,605 1,665,959 SH Sole 1,665,959
Atmel Corp COM 049513104 47,158 6,776,605 SH Sole 6,776,605
Aurico Gold Inc. COM 05155c105 179 28,465 SH Sole 28,465
Autoliv Inc COM 052800109 601 8,690 SH Sole 8,690
Automatic Data Processing COM 053015103 860 13,227 SH Sole 13,227
Avnet Inc COM 053807103 44,746 1,236,079 SH Sole 1,236,079
Avon Products Inc COM 054303102 1,149 55,449 SH Sole 55,449
BB&T Corporation COM 054937107 3,529 112,413 SH Sole 112,413
BCE Inc COM 05534b760 299 6,400 SH Sole 6,400
BGC Partners INC-CL A COM 05541t101 80 19,141 SH Sole 19,141
Baker Hughes Inc COM 057224107 995 21,445 SH Sole 21,445
Bank of America Corp COM 060505104 12,807 1,051,458 SH Sole 1,051,458
Bank of New York Mellon Corp COM 064058100 2,565 91,641 SH Sole 91,641
Barnes & Noble Inc COM 067774109 831 50,515 SH Sole 50,515
Barrick Gold Crp COM 067901108 2,186 74,345 SH Sole 74,345
Baxter Intl Inc COM 071813109 6,136 84,469 SH Sole 84,469
Baytex Energy Corp COM 07317Q105 756 18,019 SH Sole 18,019
Becton Dickinson & Co COM 075887109 6,560 68,613 SH Sole 68,613
Belden Inc COM 077454106 2,381 46,105 SH Sole 46,105
Belo Corp COM 080555105 34,133 3,472,312 SH Sole 3,472,312
Berkshire Hathaway Inc Cl B COM 084670702 2,761 26,498 SH Sole 26,498
Berkshire Hathaway Inc Del COM 084670108 625 4 SH Sole 4
Biogen Idec Inc COM 09062X103 1,109 5,756 SH Sole 5,756
Blackrock Inc COM 09247X101 7,080 27,561 SH Sole 27,561
Blackstone Group COM 09253U108 2,754 139,245 SH Sole 139,245
Boeing Co COM 097023105 10,467 121,918 SH Sole 121,918
BorgWarner Inc COM 099724106 1,787 23,101 SH Sole 23,101
Boston Properties Inc COM 101121101 705 6,980 SH Sole 6,980
Brinks Co Com COM 109696104 363 12,860 SH Sole 12,860
Bristol-Myers Squibb Co COM 110122108 9,388 227,908 SH Sole 227,908
Broadcom Corp COM 111320107 9,356 269,779 SH Sole 269,779
Brookfield Asset Manage CL A COM 112585104 276 7,570 SH Sole 7,570
Brookfield Infrastructure Pa COM G16252101 480 12,600 SH Sole 12,600
C&J Energy Services Inc COM 12467B304 2,888 126,095 SH Sole 126,095
CAE Inc COM 124765108 23,580 2,413,495 SH Sole 2,413,495
CBS Corp Class B COM 124857202 8,953 191,748 SH Sole 191,748
CF Industries Holdings Inc COM 125269100 6,087 31,975 SH Sole 31,975
CME Group Inc COM 12572Q105 1,015 16,530 SH Sole 16,530
CSX Corp COM 126408103 3,467 140,751 SH Sole 140,751
CVS Caremark Corp COM 126650100 18,097 329,089 SH Sole 329,089
Cablevision Systems COM 12686C109 37,354 2,496,892 SH Sole 2,496,892
Cameco Corp COM 13321L108 56,138 2,701,536 SH Sole 2,701,536
Canadian Imprl Bk Comm Com COM 136069101 905 11,534 SH Sole 11,534
Canadian National Railway Co COM 136375102 7,622 75,995 SH Sole 75,995
Canadian Pacific Railway Ltd COM 13645T100 1,020 7,816 SH Sole 7,816
Caterpillar Incorporated COM 149123101 9,033 103,865 SH Sole 103,865
Celgene Corp COM 151020104 211 1,818 SH Sole 1,818
Cenovus Energy Inc COM 15135U109 2,610 84,216 SH Sole 84,216
Centurylink Inc COM 156700106 10,764 306,398 SH Sole 306,398
Check Point Software Technol COM M22465104 493 10,495 SH Sole 10,495
Chelsea Therapeutics Interna COM 163428105 29 14,000 SH Sole 14,000
Chemed Corp COM 16359r103 5,434 67,944 SH Sole 67,944
Chevron Corporation COM 166764100 10,757 90,534 SH Sole 90,534
Chicago Bridge & Iron Co NV COM 167250109 10,912 175,713 SH Sole 175,713
Chubb Corp COM 171232101 1,380 15,764 SH Sole 15,764
Cincinnati Bell Inc COM 171871106 34,382 10,546,573 SH Sole 10,546,573
Cisco Systems COM 17275R102 11,098 531,135 SH Sole 531,135
Citigroup Inc COM 172967424 4,716 106,592 SH Sole 106,592
Clean Energy Fuels Crp Com COM 184499101 668 51,350 SH Sole 51,350
Clorox Co COM 189054109 1,791 20,232 SH Sole 20,232
Coach Inc COM 189754104 338 6,767 SH Sole 6,767
Coca-Cola Co COM 191216100 15,695 388,110 SH Sole 388,110
Cognex Corp COM 192422103 23,038 546,580 SH Sole 546,580
Colgate-Palmolive COM 194162103 5,523 46,790 SH Sole 46,790
Comcast Corp -Special Cl A COM 20030N200 14,635 369,474 SH Sole 369,474
Comcast Corp Cl A COM 20030N101 10,560 251,544 SH Sole 251,544
Conagra Foods Inc COM 205887102 218 6,100 SH Sole 6,100
ConocoPhillips COM 20825C104 13,062 217,336 SH Sole 217,336
Consolidated Edison COM 209115104 2,167 35,502 SH Sole 35,502
Copa Holdings Sa-Class A COM p31076105 686 5,732 SH Sole 5,732
Corning Inc COM 219350105 10,564 792,533 SH Sole 792,533
Costco Wholesale Corp COM 22160K105 2,696 25,405 SH Sole 25,405
Covidien PLC COM G2554F113 4,896 72,176 SH Sole 72,176
Crown Media Hldgs Inc Cl A COM 228411104 25 12,000 SH Sole 12,000
Cummins Inc COM 231021106 93,251 805,211 SH Sole 805,211
DTE Energy Co COM 233331107 887 12,984 SH Sole 12,984
Dana Holding Corp COM 235825205 6,948 389,675 SH Sole 389,675
Darden Restaurants Inc COM 237194105 1,895 36,670 SH Sole 36,670
Deere & Co. COM 244199105 642 7,465 SH Sole 7,465
Dell Inc COM 24702R101 160 11,200 SH Sole 11,200
Delta Air Lines COM 247361702 198 12,020 SH Sole 12,020
Devon Energy Corporation COM 25179M103 8,563 151,776 SH Sole 151,776
Diamond Offshore Drilling COM 25271C102 1,869 26,870 SH Sole 26,870
Diebold Inc COM 253651103 533 17,563 SH Sole 17,563
Digital Realty Trust Inc COM 253868103 527 7,874 SH Sole 7,874
DirecTV COM 25490A309 583 10,306 SH Sole 10,306
Discover Financial Services COM 254709108 278 6,200 SH Sole 6,200
Discovery Communications A COM 25470F104 11,132 141,371 SH Sole 141,371
Discovery Communications C COM 25470F302 99,857 1,435,967 SH Sole 1,435,967
Dollar General COM 256677105 1,042 20,600 SH Sole 20,600
Dominion Resources Inc COM 25746U109 657 11,289 SH Sole 11,289
Dover Corp COM 260003108 357 4,895 SH Sole 4,895
Dow Chemical COM 260543103 1,649 51,806 SH Sole 51,806
Dr Pepper Snapple Group Inc COM 26138E109 7,122 151,694 SH Sole 151,694
Du Pont EI De Nemours COM 263534109 16,409 333,782 SH Sole 333,782
Duke Energy Corp COM 26441C204 7,449 102,623 SH Sole 102,623
EMC Corp/Mass COM 268648102 12,003 502,414 SH Sole 502,414
Eaton Corp PLC COM G29183103 20,309 331,583 SH Sole 331,583
Ecolab Inc COM 278865100 1,564 19,508 SH Sole 19,508
Edison Intl Com COM 281020107 299 5,948 SH Sole 5,948
Eli Lilly & Co COM 532457108 2,041 35,947 SH Sole 35,947
Emerson Elec Co COM 291011104 3,793 67,887 SH Sole 67,887
Encana Corp COM 292505104 3,535 181,661 SH Sole 181,661
Energy Transfer Equity Maste COM 29273v100 2,778 47,500 SH Sole 47,500
Enerplus Corp COM 292766102 287 19,672 SH Sole 19,672
Equinix Inc COM 29444U502 4,352 20,120 SH Sole 20,120
Equity Residential COM 29476L107 538 9,775 SH Sole 9,775
Exelon Corporation COM 30161N101 5,091 147,637 SH Sole 147,637
Express Scripts Holding Co COM 30219G108 1,595 27,678 SH Sole 27,678
Exxon Mobil Corp COM 30231G102 22,487 249,547 SH Sole 249,547
Facebook Inc COM 30303M102 595 23,260 SH Sole 23,260
Fedex Corp COM 31428X106 3,050 31,057 SH Sole 31,057
Fifth Street Finance Corp COM 31678A103 198 18,000 SH Sole 18,000
Firstenergy Corp COM 337932107 387 9,169 SH Sole 9,169
Fluor Corp - New COM 343412102 269 4,050 SH Sole 4,050
Ford Motor Co (New) COM 345370860 3,802 289,118 SH Sole 289,118
Forest City Enterprises Cl A COM 345550107 188 10,557 SH Sole 10,557
Forest Labs Inc COM 345838106 7,259 190,825 SH Sole 190,825
Foster Wheeler AG COM H27178104 62,807 2,748,647 SH Sole 2,748,647
Franklin Resources Inc COM 354613101 1,821 12,077 SH Sole 12,077
Freeport-Mcmoran Copper & Go COM 35671D857 12,067 364,571 SH Sole 364,571
Frontier Communications Corp COM 35906A108 513 128,529 SH Sole 128,529
Gannett Co COM 364730101 72,448 3,312,666 SH Sole 3,312,666
Gasco Energy Inc. old COM 367220100 10 237,000 SH Sole 237,000
Gatx Corp COM 361448103 3,334 64,150 SH Sole 64,150
General Dynamics Corp COM 369550108 1,883 26,703 SH Sole 26,703
General Electric COM 369604103 24,326 1,052,165 SH Sole 1,052,165
General Mills COM 370334104 7,038 142,733 SH Sole 142,733
Genuine Parts Co COM 372460105 2,922 37,462 SH Sole 37,462
Geokinetics Inc COM 372910307 0 15,200 SH Sole 15,200
Gilead Sciences Inc COM 375558103 12,329 251,922 SH Sole 251,922
Goldcorp Inc COM 380956409 2,679 79,649 SH Sole 79,649
Goldman Sachs Group Inc COM 38141G104 6,183 42,018 SH Sole 42,018
Goodrich Petroleum Corp COM 382410405 909 58,115 SH Sole 58,115
Google Inc COM 38259p508 1,074 1,352 SH Sole 1,352
Grace (W.R.) COM 38388F108 814 10,502 SH Sole 10,502
Griffon Corp COM 398433102 175 14,700 SH Sole 14,700
HJ Heinz Co COM 423074103 688 9,519 SH Sole 9,519
Halcon Resources Corp COM 40537Q209 81 10,334 SH Sole 10,334
Halliburton Co COM 406216101 1,596 39,500 SH Sole 39,500
Harmonic Inc COM 413160102 21,615 3,733,183 SH Sole 3,733,183
Harris Corp COM 413875105 1,343 28,973 SH Sole 28,973
Hartford Financial Svcs Grp COM 416515104 1,956 75,829 SH Sole 75,829
Hasbro Inc COM 418056107 2,366 53,854 SH Sole 53,854
Hatteras Financial Corp COM 41902R103 274 10,000 SH Sole 10,000
Helmerich & Payne COM 423452101 50,441 830,996 SH Sole 830,996
Hess Corp COM 42809h107 2,329 32,522 SH Sole 32,522
Hexcel Corp COM 428291108 40,307 1,389,424 SH Sole 1,389,424
Hillshire Brands Co COM 432589109 614 17,459 SH Sole 17,459
Home Depot Inc COM 437076102 20,581 294,941 SH Sole 294,941
Honeywell International COM 438516106 8,257 109,585 SH Sole 109,585
IAC/InterActiveCorp COM 44919P508 22,155 495,859 SH Sole 495,859
ICON Plc COM G4705A100 204 6,328 SH Sole 6,328
ION Geophysical Corp COM 462044108 13,772 2,022,280 SH Sole 2,022,280
ISIS Pharmaceuticals Inc COM 464330109 32,580 1,923,238 SH Sole 1,923,238
Immunogen Inc COM 45253h101 15,887 988,585 SH Sole 988,585
Ingersoll-Rand Co COM G47791101 278 5,050 SH Sole 5,050
Ingredion Inc COM 457187102 4,222 58,375 SH Sole 58,375
Innerworkings Inc COM 45773y105 288 19,000 SH Sole 19,000
Intel Corp COM 458140100 16,356 749,084 SH Sole 749,084
InterXion Holding NV COM N47279109 19,432 802,326 SH Sole 802,326
International Business Machi COM 459200101 17,170 80,497 SH Sole 80,497
International Paper COM 460146103 404 8,683 SH Sole 8,683
Invesco Ltd COM G491BT108 4,038 139,433 SH Sole 139,433
JDS Uniphase Corp COM 46612J507 17,788 1,330,976 SH Sole 1,330,976
JPMorgan Chase & Co COM 46625H100 18,424 388,201 SH Sole 388,201
Jabil Circuit Inc COM 466313103 2,949 159,600 SH Sole 159,600
Jacobs Engineering Group Inc COM 469814107 2,619 46,575 SH Sole 46,575
Janus Capital Group Inc Com COM 47102X105 21,164 2,251,503 SH Sole 2,251,503
Jarden Corp COM 471109108 221 5,158 SH Sole 5,158
Johnson & Johnson COM 478160104 18,878 231,543 SH Sole 231,543
Johnson Controls Inc COM 478366107 3,212 91,597 SH Sole 91,597
Joy Global Inc COM 481165108 2,461 41,349 SH Sole 41,349
KLA Tencor Corp COM 482480100 1,125 21,340 SH Sole 21,340
Kansas City Southern Inds COM 485170302 68,883 621,126 SH Sole 621,126
Kaydon Corp COM 486587108 346 13,516 SH Sole 13,516
Kimberly-Clark COM 494368103 12,084 123,335 SH Sole 123,335
Kinder Morgan Inc COM 49456B101 2,377 61,464 SH Sole 61,464
Kinder Morgan Mgmt Llc Shs COM 49455U100 3,865 43,990 SH Sole 43,990
Kinross Gold Corp COM 496902404 291 36,725 SH Sole 36,725
Koninklijke Philips Electron COM 500472303 758 25,644 SH Sole 25,644
Kraft Foods Group Inc COM 50076Q106 2,252 43,705 SH Sole 43,705
Kroger Co COM 501044101 2,541 76,660 SH Sole 76,660
LSI Corp COM 502161102 27,156 4,005,353 SH Sole 4,005,353
Lam Research COM 512807108 86,378 2,083,396 SH Sole 2,083,396
Las Vegas Sands Corp COM 517834107 94,621 1,679,162 SH Sole 1,679,162
Lazard Ltd-Cl A COM G54050102 18,363 538,037 SH Sole 538,037
Leucadia National Corp COM 527288104 805 29,340 SH Sole 29,340
Level 3 Communications Inc COM 52729N308 24,139 1,189,697 SH Sole 1,189,697
Liberty Global Inc C COM 530555309 1,780 25,940 SH Sole 25,940
Lockheed Martin Corporation COM 539830109 2,118 21,939 SH Sole 21,939
Loews Corp COM 540424108 2,361 53,577 SH Sole 53,577
Lowe's Companies Inc COM 548661107 553 14,596 SH Sole 14,596
MGM Resorts Intl COM 552953101 5,972 454,122 SH Sole 454,122
Macy's Inc COM 55616P104 7,140 170,646 SH Sole 170,646
Madison Square Garden Inc COM 55826P100 21,297 369,742 SH Sole 369,742
Magellan Health Services COM 559079207 4,857 102,110 SH Sole 102,110
Manulife Finl Corp Com COM 56501R106 992 67,376 SH Sole 67,376
Marathon Oil Corp COM 565849106 3,933 116,640 SH Sole 116,640
Marathon Petroleum Corp COM 56585A102 3,319 37,043 SH Sole 37,043
Markwest Energy Partners LP COM 570759100 274 4,502 SH Sole 4,502
Marsh & Mclennan COM 571748102 320 8,421 SH Sole 8,421
Mastercard Inc Cl A COM 57636q104 437 808 SH Sole 808
Mattel Inc COM 577081102 6,064 138,536 SH Sole 138,536
McCormick & Co.Inc-Non Votin COM 579780206 3,167 43,060 SH Sole 43,060
McDermott Intl Inc COM 580037109 25,493 2,319,690 SH Sole 2,319,690
McDonald's Corp COM 580135101 5,943 59,614 SH Sole 59,614
MeadWestvaco Corp COM 583334107 28,413 782,726 SH Sole 782,726
Medallion Financial Corp COM 583928106 1,293 97,799 SH Sole 97,799
Medicines Company COM 584688105 24,962 747,129 SH Sole 747,129
Medtronic Inc COM 585055106 7,087 150,910 SH Sole 150,910
Mela Sciences COM 55277R100 32 28,000 SH Sole 28,000
Merck & Co COM 58933Y105 24,438 552,893 SH Sole 552,893
Methode Electronics Inc COM 591520200 229 17,750 SH Sole 17,750
Metlife Inc COM 59156R108 12,897 339,216 SH Sole 339,216
Micron Technology Inc COM 595112103 2,286 229,170 SH Sole 229,170
Microsoft Corp COM 594918104 23,810 832,386 SH Sole 832,386
Molson Coors Brewing Co -B COM 60871r209 1,234 25,215 SH Sole 25,215
Mondelez International Inc COM 609207105 10,204 333,288 SH Sole 333,288
Monsanto Co COM 61166W101 686 6,493 SH Sole 6,493
Morgan Stanley COM 617446448 6,091 277,124 SH Sole 277,124
Mosaic Co COM 61945C103 63,635 1,067,517 SH Sole 1,067,517
Mylan Inc COM 628530107 863 29,816 SH Sole 29,816
Myriad Genetics Inc Com COM 62855J104 33,720 1,327,032 SH Sole 1,327,032
NII Holdings Inc COM 62913f201 8,047 1,860,676 SH Sole 1,860,676
Nabors Industries Inc COM G6359F103 884 54,500 SH Sole 54,500
National Oilwell Varco Inc COM 637071101 2,052 29,006 SH Sole 29,006
Netapp Inc COM 64110D104 219 6,425 SH Sole 6,425
Netflix Inc COM 64110L106 239 1,263 SH Sole 1,263
New Jersey Resource Corp COM 646025106 351 7,835 SH Sole 7,835
New York Community Bancorp COM 649445103 701 48,879 SH Sole 48,879
Newmont Mining COM 651639106 1,869 44,616 SH Sole 44,616
News Corp Inc Cl A COM 65248E104 223 7,306 SH Sole 7,306
News Corp-B COM 65248E203 2,805 91,175 SH Sole 91,175
Nextera Energy Inc COM 65339F101 13,617 175,300 SH Sole 175,300
Nike Inc - B COM 654106103 409 6,923 SH Sole 6,923
Noble Corp COM H5833N103 3,089 80,975 SH Sole 80,975
Noble Energy Inc COM 655044105 510 4,413 SH Sole 4,413
Norfolk Southern COM 655844108 3,571 46,332 SH Sole 46,332
North American Energy Partne COM 656844107 417 91,776 SH Sole 91,776
North Amern Palladium Com COM 656912102 15 10,500 SH Sole 10,500
Northeast Utilities COM 664397106 8,407 193,435 SH Sole 193,435
Nxp Semiconductors Nv COM N6596X109 312 10,316 SH Sole 10,316
O'Reilly Automotive Inc COM 67103H107 401 3,910 SH Sole 3,910
Occidental Pete Corp COM 674599105 2,516 32,109 SH Sole 32,109
Omega Healthcare COM 681936100 6,635 218,549 SH Sole 218,549
Omnicom Group COM 681919106 2,116 35,927 SH Sole 35,927
Onyx Pharmaceuticals COM 683399109 73,306 824,966 SH Sole 824,966
Open Text Corp COM 683715106 905 15,342 SH Sole 15,342
Oracle Corp COM 68389X105 13,539 418,765 SH Sole 418,765
Orient Express Hotels Ltd COM G67743107 49,936 5,064,529 SH Sole 5,064,529
PDL Biopharma Inc COM 69329Y104 124 16,920 SH Sole 16,920
PNC Fincl Services Group COM 693475105 5,191 78,060 SH Sole 78,060
PPL Corp COM 69351T106 2,763 88,252 SH Sole 88,252
Paccar Inc COM 693718108 453 8,951 SH Sole 8,951
Pall Corporation COM 696429307 75,193 1,099,791 SH Sole 1,099,791
Paychex COM 704326107 5,075 144,761 SH Sole 144,761
Pengrowth Energy Corp COM 70706P104 446 87,369 SH Sole 87,369
Penn West Petroleum Ltd COM 707887105 114 10,565 SH Sole 10,565
Pepsico Inc COM 713448108 7,404 93,594 SH Sole 93,594
Pfizer Inc COM 717081103 19,431 673,278 SH Sole 673,278
Philip Morris Intl COM 718172109 9,768 105,360 SH Sole 105,360
Phillips 66 COM 718546104 3,103 44,354 SH Sole 44,354
Piedmont Office Rlty Tr Clas COM 720190206 198 10,116 SH Sole 10,116
Plum Creek Timber Co. Inc. COM 729251108 8,640 165,509 SH Sole 165,509
Potash Corp Sask Inc COM 73755L107 1,212 30,888 SH Sole 30,888
Precision Castparts COM 740189105 100,579 530,426 SH Sole 530,426
Precision Drilling Corp COM 74022D308 155 16,743 SH Sole 16,743
Priceline.com Inc COM 741503403 389 565 SH Sole 565
Principal Financial Gp Com COM 74251V102 2,841 83,482 SH Sole 83,482
Procter & Gamble COM 742718109 26,632 345,595 SH Sole 345,595
Prudential Financial Inc COM 744320102 3,248 55,068 SH Sole 55,068
Public Service Enterprise Gr COM 744573106 1,028 29,927 SH Sole 29,927
Qiagen N.V. COM N72482107 456 21,615 SH Sole 21,615
Qualcomm Inc COM 747525103 10,286 153,662 SH Sole 153,662
Quest Diagnostics Inc COM 74834L100 420 7,436 SH Sole 7,436
RF Micro Devices Inc COM 749941100 28,003 5,263,789 SH Sole 5,263,789
RTI International Metals COM 74973W107 29,334 925,665 SH Sole 925,665
Raymond James Financial Inc COM 754730109 36,523 792,263 SH Sole 792,263
Raytheon Co COM 755111507 493 8,385 SH Sole 8,385
Regeneron Pharmaceuticals COM 75886F107 132,784 752,730 SH Sole 752,730
Republic First Bancorp Inc COM 760416107 30 11,000 SH Sole 11,000
Republic Services Inc COM 760759100 1,944 58,922 SH Sole 58,922
Rex Energy Corp COM 761565100 233 14,100 SH Sole 14,100
Rite Aid Corp COM 767754104 29 15,100 SH Sole 15,100
Robert Half Intl COM 770323103 27,342 728,540 SH Sole 728,540
Rowan Companies Plc COM G7665A101 42,430 1,199,940 SH Sole 1,199,940
Royal Bank of Canada COM 780087102 622 10,311 SH Sole 10,311
Royal Caribbean Cruises LTD COM V7780T103 71,444 2,150,622 SH Sole 2,150,622
Royal Gold Inc COM 780287108 217 3,055 SH Sole 3,055
Saks Inc COM 79377W108 21,350 1,861,372 SH Sole 1,861,372
Schlumberger Ltd COM 806857108 16,946 226,276 SH Sole 226,276
Seachange International Inc COM 811699107 31,367 2,638,081 SH Sole 2,638,081
Seadrill Ltd COM g7945e105 930 24,986 SH Sole 24,986
Seagate Technology COM G7945M107 406 11,100 SH Sole 11,100
Seattle Genetics Inc COM 812578102 57,778 1,627,316 SH Sole 1,627,316
Silver Wheaton Corp COM 828336107 239 7,616 SH Sole 7,616
Simon Property Group Inc COM 828806109 730 4,604 SH Sole 4,604
Sinclair Broadcast Gp COM 829226109 49,209 2,425,300 SH Sole 2,425,300
Sirius XM Radio Inc COM 82967N108 400 129,842 SH Sole 129,842
Skyworks Solutions Inc Com COM 83088M102 2,781 126,255 SH Sole 126,255
Smucker J M Co Com New COM 832696405 2,561 25,825 SH Sole 25,825
Sonus Networks Inc COM 835916107 26 10,000 SH Sole 10,000
Sotheby's COM 835898107 39,144 1,046,355 SH Sole 1,046,355
Southern Co COM 842587107 4,015 85,582 SH Sole 85,582
Southwestern Energy Co COM 845467109 249 6,684 SH Sole 6,684
Spectra Energy Corp COM 847560109 3,018 98,160 SH Sole 98,160
Sprint Nextel COM 852061100 4,822 776,462 SH Sole 776,462
St Jude Medical COM 790849103 425 10,511 SH Sole 10,511
Starbucks Corp COM 855244109 2,282 40,062 SH Sole 40,062
Starwood Property Trust Inc COM 85571b105 1,630 58,711 SH Sole 58,711
Starz - Liberty Capital COM 85571Q102 7,854 354,598 SH Sole 354,598
State Street Corp COM 857477103 309 5,232 SH Sole 5,232
Stillwater Mining Company COM 86074Q102 37,377 2,890,682 SH Sole 2,890,682
Stryker Corp COM 863667101 1,959 30,026 SH Sole 30,026
Sun Life Finl Svcs Cda Com COM 866796105 2,677 98,083 SH Sole 98,083
Suntrust Banks Inc COM 867914103 511 17,747 SH Sole 17,747
Symantec Corp COM 871503108 321 12,990 SH Sole 12,990
T Rowe Price Group Inc COM 74144T108 2,711 36,203 SH Sole 36,203
TW Telecom Inc COM 87311L104 43,255 1,717,156 SH Sole 1,717,156
Target Corp COM 87612E106 5,778 84,419 SH Sole 84,419
Teck Resources Ltd -CL B COM 878742204 2,740 97,300 SH Sole 97,300
Teco Energy Inc COM 872375100 1,970 110,565 SH Sole 110,565
Telephone & Data Sys COM 879433829 25,342 1,202,758 SH Sole 1,202,758
Terex Corp COM 880779103 364 10,580 SH Sole 10,580
Texas Instruments Inc COM 882508104 1,293 36,450 SH Sole 36,450
Thermo Fisher Scientific Inc COM 883556102 3,971 51,921 SH Sole 51,921
Tiffany & Co COM 886547108 3,475 49,966 SH Sole 49,966
Time Warner Cable Inc COM 88732J207 1,051 10,940 SH Sole 10,940
Time Warner Inc COM 887317303 13,347 231,638 SH Sole 231,638
Toll Brothers Inc COM 889478103 222 6,480 SH Sole 6,480
Toronto-Dominion Bank COM 891160509 349 4,190 SH Sole 4,190
Transcanada Corp COM 89353D107 237 4,950 SH Sole 4,950
Transocean Ltd COM H8817H100 4,038 77,715 SH Sole 77,715
Travelers Companies Inc COM 89417E109 3,339 39,661 SH Sole 39,661
Trimble Navigation Ltd COM 896239100 80,812 2,695,521 SH Sole 2,695,521
Triquint Semiconductor Inc COM 89674K103 18,619 3,679,732 SH Sole 3,679,732
Tyco International Ltd COM H89128104 251 7,859 SH Sole 7,859
UBS AG-Registered COM H89231338 778 50,575 SH Sole 50,575
US Bancorp New COM 902973304 513 15,130 SH Sole 15,130
US Cellular Corp COM 911684108 17,260 479,454 SH Sole 479,454
Unifi Inc COM 904677200 22,456 1,175,696 SH Sole 1,175,696
Unilever NV -New York Shs COM 904784709 1,688 41,162 SH Sole 41,162
Union Pac Corp COM 907818108 1,779 12,493 SH Sole 12,493
United Continental Holdings COM 910047109 891 27,828 SH Sole 27,828
United Parcel Service -Cl B COM 911312106 3,108 36,186 SH Sole 36,186
United Rentals Inc COM 911363109 229 4,174 SH Sole 4,174
United States Steel Corp COM 912909108 4,908 251,681 SH Sole 251,681
United Tech Corp COM 913017109 15,244 163,162 SH Sole 163,162
Unitedhealth Group Inc COM 91324P102 3,128 54,682 SH Sole 54,682
Urstadt Biddle CL A COM 917286205 361 16,600 SH Sole 16,600
Valero Energy Corp New COM 91913Y100 344 7,564 SH Sole 7,564
Valley National Bancorp COM 919794107 103 10,100 SH Sole 10,100
Valspar Corp COM 920355104 61,495 987,868 SH Sole 987,868
Vanguard Natural Resources COM 92205F106 483 17,000 SH Sole 17,000
Varian Medical Systems Inc COM 92220P105 2,148 29,840 SH Sole 29,840
Verizon Communications COM 92343V104 14,201 288,922 SH Sole 288,922
Vertex Pharmaceuticals Com COM 92532F100 1,163 21,150 SH Sole 21,150
Viacom Inc Class A COM 92553P102 449 7,125 SH Sole 7,125
Viacom Inc Class B COM 92553P201 9,263 150,667 SH Sole 150,667
Visa Inc Class A Shares COM 92826C839 14,016 82,525 SH Sole 82,525
Vishay Intertechnology Inc COM 928298108 29,258 2,149,707 SH Sole 2,149,707
Vivus Inc COM 928551100 12,006 1,091,474 SH Sole 1,091,474
Waddell & Reed Financial - A COM 930059100 38,787 885,952 SH Sole 885,952
Wal Mart Stores Inc COM 931142103 4,450 59,465 SH Sole 59,465
Walgreen Co COM 931422109 3,240 67,956 SH Sole 67,956
Walt Disney Co COM 254687106 2,354 41,441 SH Sole 41,441
Walter Energy Inc COM 93317q105 667 23,400 SH Sole 23,400
Warner Chilcott Limited COM G94368100 1,608 118,650 SH Sole 118,650
Waste Management Inc COM 94106L109 5,372 137,016 SH Sole 137,016
Weatherford International Lt COM H27013103 1,448 119,255 SH Sole 119,255
Wells Fargo Company COM 949746101 8,655 233,987 SH Sole 233,987
Western Digital Corp COM 958102105 819 16,278 SH Sole 16,278
Weyerhaeuser Co COM 962166104 526 16,771 SH Sole 16,771
Whirlpool Corp COM 963320106 362 3,055 SH Sole 3,055
Whiting Petroleum Corp COM 966387102 283 5,560 SH Sole 5,560
Wynn Resorts Ltd COM 983134107 2,766 22,101 SH Sole 22,101
XL Group PLC COM G98290102 310 10,225 SH Sole 10,225
Xylem Inc COM 98419M100 897 32,545 SH Sole 32,545
Yahoo! Inc COM 984332106 5,518 234,510 SH Sole 234,510
eBay Inc COM 278642103 299 5,520 SH Sole 5,520
21Vianet Group Inc - ADR ADR 90138a103 100 10,687 SH Sole 10,687
ABB Ltd - Spon ADR ADR 000375204 2,797 122,903 SH Sole 122,903
Alcatel-Lucent ADR ADR 013904305 27 20,246 SH Sole 20,246
Anglogold Ashanti Ltd-Spon A ADR 035128206 221 9,404 SH Sole 9,404
Arm Holdings PLC - Spons ADR ADR 042068106 367 8,650 SH Sole 8,650
BHP Billiton Ltd - Sp ADR ADR 088606108 596 8,703 SH Sole 8,703
BP Plc - Spons ADR ADR 055622104 1,820 42,985 SH Sole 42,985
Barclays Plc ADR ADR 06738E204 390 21,978 SH Sole 21,978
CIA Saneamento Basico Spon A ADR 20441a102 215 4,500 SH Sole 4,500
CPFL Energia SA - ADR ADR 126153105 599 28,613 SH Sole 28,613
Diageo Plc - Sponsored ADR ADR 25243Q205 224 1,777 SH Sole 1,777
Doctor Reddy's Lab - ADR ADR 256135203 630 19,473 SH Sole 19,473
Electrolux AB- Spons ADR B ADR 010198208 210 4,085 SH Sole 4,085
Embraer SA - ADR ADR 29082A107 859 24,085 SH Sole 24,085
Focus Media Holding ADR ADR 34415V109 821 30,634 SH Sole 30,634
Fresenius Medical Care ADR ADR 358029106 779 23,005 SH Sole 23,005
GlaxoSmithkline PLC ADR ADR 37733W105 1,979 42,191 SH Sole 42,191
Gold Fields Ltd - Spon ADR ADR 38059t106 82 10,600 SH Sole 10,600
HSBC Holdings Plc - Spon ADR ADR 404280406 1,383 25,924 SH Sole 25,924
Honda Motor Co Ltd - Spon AD ADR 438128308 656 17,156 SH Sole 17,156
ING Groep Nv - Spons ADR ADR 456837103 468 64,959 SH Sole 64,959
Infosys Ltd - Sp ADR ADR 456788108 356 6,597 SH Sole 6,597
Kubota Corp Spons ADR ADR 501173207 274 3,794 SH Sole 3,794
Makita Corp-Spons Adr ADR 560877300 415 9,375 SH Sole 9,375
Melco Crown Entertainme-Adr ADR 585464100 327 14,000 SH Sole 14,000
Mitsubishi UFJ Financial-ADR ADR 606822104 339 56,582 SH Sole 56,582
Nomura Holdings Inc - ADR ADR 65535H208 255 41,350 SH Sole 41,350
Novartis AG - Spon ADR ADR 66987V109 5,644 79,232 SH Sole 79,232
Novo-Nordisk A/S ADR ADR 670100205 1,060 6,563 SH Sole 6,563
Petroleo Brasileiro Sa-ADR ADR 71654V408 197 11,897 SH Sole 11,897
Petroleum Geo-Svcs ADR ADR 716599105 220 14,174 SH Sole 14,174
Prudential Plc Adr ADR 74435K204 860 26,591 SH Sole 26,591
Rio Tinto Plc Sponsored ADR ADR 767204100 8,450 179,480 SH Sole 179,480
Royal Dutch Shell Plc Spon A ADR 780259206 717 11,006 SH Sole 11,006
Ryanair Hldgs Plc - Spon ADR ADR 783513104 576 13,777 SH Sole 13,777
SAP AG - Spon ADR ADR 803054204 1,079 13,391 SH Sole 13,391
Sanofi ADR ADR 80105n105 5,869 114,904 SH Sole 114,904
Siemens Ag - Spon ADR ADR 826197501 548 5,082 SH Sole 5,082
Statoil Asa ADR ADR 85771P102 545 22,149 SH Sole 22,149
Syngenta AG - Spon ADR ADR 87160A100 6,797 81,161 SH Sole 81,161
Taiwan Semiconductors-Sp ADR ADR 874039100 223 12,952 SH Sole 12,952
Tenaris SA - ADR ADR 88031m109 608 14,916 SH Sole 14,916
Teva Pharmaceutical-Spon ADR ADR 881624209 6,430 162,043 SH Sole 162,043
Total S A Sponsored ADR ADR 89151E109 4,598 95,837 SH Sole 95,837
Unilever Plc-ADR ADR 904767704 943 22,319 SH Sole 22,319
Vale SA Sponsored ADR ADR 91912E105 2,966 171,525 SH Sole 171,525
Veolia Environnement ADR ADR 92334N103 436 34,325 SH Sole 34,325
Vodafone Group Plc- Spons AD ADR 92857W209 11,503 405,052 SH Sole 405,052
Volvo AB Spons ADR ADR 928856400 248 17,020 SH Sole 17,020
Kinder Morgan Inc. Wt Exp 2/ WT 49456b119 315 61,321 SH Sole 61,321
(Sector SPDR) AMEX Tech Sele ETF 81369Y803 217 7,157 SH Sole 7,157
(Sector SPDR) AMEX Utilities ETF 81369Y886 382 9,770 SH Sole 9,770
Alerian MLP ETF ETF 00162Q866 9,504 536,323 SH Sole 536,323
Consumer Discretionary Sel S ETF 81369Y407 553 10,435 SH Sole 10,435
ETF Market Vectors Agribusin ETF 57060u605 252 4,650 SH Sole 4,650
Energy Select Sector SPDR Fu ETF 81369Y506 826 10,419 SH Sole 10,419
Financial Select SPDR Index ETF 81369Y605 900 49,416 SH Sole 49,416
Guggenheim BRIC Fund ETF 18383M100 1,214 35,140 SH Sole 35,140
Guggenheim S&P Equal Weight ETF 78355W106 1,764 29,575 SH Sole 29,575
ISHARES TR DJ OIL EQUIP ETF 464288844 460 8,025 SH Sole 8,025
IShares JP Morgan EM Bond Fu ETF 464288281 232 1,975 SH Sole 1,975
Ishares Inc MSCI Brazil ETF 464286400 2,147 39,412 SH Sole 39,412
Ishares Silver Trust Ishares ETF 46428Q109 250 9,100 SH Sole 9,100
Ishares Tr Us Pfd Stk Idx ETF 464288687 309 7,616 SH Sole 7,616
Market Vectors Pref Ex-Finan ETF 57061r791 1,324 64,513 SH Sole 64,513
PIMCO Total Return ETF ETF 72201R775 1,095 9,970 SH Sole 9,970
Palladium Trust ETF ETF 26923a106 262 3,465 SH Sole 3,465
Pimco 0-5 Year H/Y Corp Bond ETF 72201r783 500 4,780 SH Sole 4,780
Pimco Broad US Tips Index FN ETF 72201r403 962 15,810 SH Sole 15,810
Pimco Enhanced Short Maturit ETF 72201r833 5,294 52,140 SH Sole 52,140
Powershares Financial Prefer ETF 73935x229 2,517 135,835 SH Sole 135,835
Powershares Gbl ETF Trust Ag ETF 73936T565 1,961 131,783 SH Sole 131,783
Powershares QQQ Trust ETF 73935A104 1,064 15,425 SH Sole 15,425
Powershares S&P 500 Low Vola ETF 73937b779 594 19,098 SH Sole 19,098
ProShares UltraShort S&P 500 ETF 74347B300 409 9,312 SH Sole 9,312
SPDR Barclays Cap High Yield ETF 78464A417 3,125 76,018 SH Sole 76,018
SPDR Barclays Capital Conv S ETF 78464a359 301 7,100 SH Sole 7,100
SPDR Barclays Capital Tips E ETF 78464a656 952 15,762 SH Sole 15,762
SPDR Dow Jones Indl Avrg ETF ETF 78467X109 571 3,931 SH Sole 3,931
SPDR Dow Jones Intl Real Est ETF 78463X863 355 8,254 SH Sole 8,254
SPDR Gold Trust ETF 78463V107 4,342 28,110 SH Sole 28,110
SPDR S & P Mid-Cap 400 ETF T ETF 78467Y107 15,662 74,681 SH Sole 74,681
SPDR S&P 500 ETF Tr ETF 78462F103 17,740 113,230 SH Sole 113,230
Vanguard Bd Index Fd Short T ETF 921937827 8,094 99,937 SH Sole 99,937
Vanguard Bd Index Fd Tot Mkt ETF 921937835 5,987 71,579 SH Sole 71,579
Vanguard Dividend Appreciati ETF 921908844 2,102 31,995 SH Sole 31,995
Vanguard FTSE All World Ex U ETF 922042775 16,354 352,766 SH Sole 352,766
Vanguard FTSE Emerging Marke ETF 922042858 8,624 201,045 SH Sole 201,045
Vanguard High Div Yield ETF ETF 921946406 12,873 234,867 SH Sole 234,867
Vanguard Intermediate-Term C ETF 92206c870 3,160 36,170 SH Sole 36,170
Vanguard Large Cap ETF ETF 922908637 5,512 76,833 SH Sole 76,833
Vanguard Mid-Cap ETF ETF 922908629 592 6,375 SH Sole 6,375
Vanguard REIT ETF ETF 922908553 2,391 33,903 SH Sole 33,903
Vanguard Short Term Corp Bon ETF 92206C409 6,678 83,125 SH Sole 83,125
Vanguard Small-Cap ETF ETF 922908751 18,236 200,068 SH Sole 200,068
Wisdomtree EM Corp Bond Fund ETF 97717x784 954 12,003 SH Sole 12,003
Wisdomtree Emrg Mkts Debt ETF 97717X867 6,849 130,379 SH Sole 130,379
Wisdomtree Emrg Mkts Small C ETF 97717w281 8,412 163,055 SH Sole 163,055
iShares Barclays Aggregate B ETF 464287226 1,206 10,894 SH Sole 10,894
iShares Barclays TIPS Bond F ETF 464287176 3,870 31,914 SH Sole 31,914
iShares COMEX Gold Trust ETF 464285105 443 28,540 SH Sole 28,540
iShares Dow Jones US Real Es ETF 464287739 444 6,385 SH Sole 6,385
iShares Iboxx Investment Gr ETF 464287242 3,998 33,347 SH Sole 33,347
iShares Inc MSCI Cda Index ETF 464286509 223 7,810 SH Sole 7,810
iShares MSCI EAFE Growth Inx ETF 464288885 210 3,320 SH Sole 3,320
iShares MSCI EAFE Index Fund ETF 464287465 1,537 26,052 SH Sole 26,052
iShares MSCI EAFE Small Cap ETF 464288273 10,504 238,945 SH Sole 238,945
iShares MSCI Emerging Mkt In ETF 464287234 3,335 77,986 SH Sole 77,986
iShares MSCI Japan ETF 464286848 114 10,600 SH Sole 10,600
iShares Morningstar Large Gr ETF 464287119 334 4,085 SH Sole 4,085
iShares Russell 1000 Growth ETF 464287614 1,235 17,311 SH Sole 17,311
iShares S&P 500 Growth Index ETF 464287309 240 2,916 SH Sole 2,916
iShares S&P 500 Index Fund ETF 464287200 3,526 22,407 SH Sole 22,407
iShares S&P 500 Value Index ETF 464287408 1,120 15,178 SH Sole 15,178
iShares S&P GSSI Natural Res ETF 464287374 547 13,493 SH Sole 13,493
iShares S&P Global Tech Sect ETF 464287291 704 10,090 SH Sole 10,090
iShares S&P Latin Amer 40 ETF 464287390 2,562 58,703 SH Sole 58,703
iShares S&P National AMT Fre ETF 464288414 5,152 46,763 SH Sole 46,763
iShares S&P Smallcap 600 Gro ETF 464287887 459 4,893 SH Sole 4,893
iShares S&P Smallcap 600 Val ETF 464287879 2,071 23,033 SH Sole 23,033
iShares Tr 1-3 Yr Trs Bd ETF 464287457 1,038 12,289 SH Sole 12,289
iShares Tr DJ Sel Div Inx ETF 464287168 3,604 56,851 SH Sole 56,851
iShares Tr S&P 100 Index Fd ETF 464287101 765 10,867 SH Sole 10,867
iShares Tr S&P Midcap 400 ETF 464287507 770 6,694 SH Sole 6,694
iShares Tr S&P Smlcap 600 ETF 464287804 1,182 13,573 SH Sole 13,573
iShares iBoxx High Yield Cor ETF 464288513 11,967 126,840 SH Sole 126,840
ishares Barclays 1-3 year Cr ETF 464288646 1,900 18,002 SH Sole 18,002
Eaton Vance Tax Mng Gb Com COM 27829F108 125 13,454 SH Sole 13,454
General American Investors COM 368802104 266 8,526 SH Sole 8,526
Nuveen Diversif Currency Opp COM 67090N109 146 11,273 SH Sole 11,273
Apache Corp. 6% 8/1/13 PFD 037411808 1,957 43,930 SH Sole 43,930
Barclays Bank 7.10% Spons A PFD 06739H776 637 24,980 SH Sole 24,980
Metlife Inc 6.5% 9/15/10 PFD 59156r603 983 38,800 SH Sole 38,800
Aberdeen Asia-Pacific Prime COM 003009107 683 87,809 SH Sole 87,809
Blackrock Global Floating Ra COM 091941104 507 32,204 SH Sole 32,204
Blackrock Income Opportunity COM 092475102 765 68,000 SH Sole 68,000
Calamos Convertible Opp&Inc COM 128117108 568 45,000 SH Sole 45,000
Eaton Vance Float Rt Inc. Tr COM 278279104 791 45,115 SH Sole 45,115
Nuveen New York AMT-Free Mun COM 670656107 239 16,559 SH Sole 16,559
Archer Daniels Conv CONV 039483AW2 405 400,000 PRN Sole 400,000
Goodrich Petroleum Corp CONV 382410AC2 322 325,000 PRN Sole 325,000
Intel Corp CONV 458140AD2 318 300,000 PRN Sole 300,000
Micron Technology Inc (Conv. CONV 595112AH6 1,392 1,360,000 PRN Sole 1,360,000
Nasdaq Omx Group CONV 631103AA6 549 545,000 PRN Sole 545,000
RTI International Metals Con CONV 74973WAA5 1,153 995,000 PRN Sole 995,000
AmeriGas Partners LP Unit LP Int 030975106 1,633 36,355 SH Sole 36,355
Boardwalk Pipeline Partners UT LTD PARTNER 096627104 1,793 61,182 SH Sole 61,182
El Paso Pipeline Partners L COM UNIT LPI 283702108 665 15,151 SH Sole 15,151
Enbridge Energy Partners Lp COM 29250R106 201 6,682 SH Sole 6,682
Energy Transfer Partners LP UNIT LTD PARTN 29273r109 1,253 24,720 SH Sole 24,720
Enterprise Prods Partners Ma COM 293792107 4,199 69,653 SH Sole 69,653
Genesis Energy LP UNIT LTD PARTN 371927104 256 5,300 SH Sole 5,300
HI-Crush Partners LP COM UNIT LTD 428337109 390 20,900 SH Sole 20,900
Kayne Anderson MLP Investmen COM 486606106 9,424 271,432 SH Sole 271,432
Kinder Morgan Energy Prtnrs UT LTR PARTNER 494550106 3,473 38,687 SH Sole 38,687
Kkr & Co Lp COM UNITS 48248M102 915 47,362 SH Sole 47,362
Linn Energy LLC Master Limit UNIT LTD LIAB 536020100 1,767 46,535 SH Sole 46,535
Magellan Midstream Partners COM UNIT RP LP 559080106 1,095 20,501 SH Sole 20,501
Suburban Propane Partners LP UNIT LTD PARTN 864482104 435 9,779 SH Sole 9,779
Teekay LNG Partners LP PRTNRSP UNITS Y8564M105 660 15,931 SH Sole 15,931
Teekay Offshore Partners LP PARTNERSHIP UN Y8565J101 429 14,212 SH Sole 14,212
Terra Nitrogen Company Lp COM UNIT 881005201 421 1,912 SH Sole 1,912
The Carlyle Group LP COM UTS LTD PTN 14309L102 213 7,050 SH Sole 7,050
Tortoise MLP Fund Inc COM 89148B101 427 15,158 SH Sole 15,158
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