-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EAVfeJK5xvbxO7OY0KSEVsHui1NPbuOXWqCRGcKtNL+m7wRY+FmRZaBmXuJFEwIX AUBxVgnhSjVwxjRjmkMUnw== 0001085146-10-000460.txt : 20100514 0001085146-10-000460.hdr.sgml : 20100514 20100514132248 ACCESSION NUMBER: 0001085146-10-000460 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100331 FILED AS OF DATE: 20100514 DATE AS OF CHANGE: 20100514 EFFECTIVENESS DATE: 20100514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Forward Management, LLC CENTRAL INDEX KEY: 0001385864 IRS NUMBER: 943310130 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12088 FILM NUMBER: 10832007 BUSINESS ADDRESS: STREET 1: 433 CALIFORNIA STREET, 11TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 415-869-6300 MAIL ADDRESS: STREET 1: 433 CALIFORNIA STREET, 11TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 13F-HR 1 forw1q10.txt FORWARD MANAGEMENT LLC 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, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Forward Management, LLC Address: 433 California Street, 11th Floor San Francisco, CA 94104 13F File Number: 028-12088 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: Jim O'Donnell Title: Chief Administrative Officer Phone: (415) 869-6000 Signature, Place, and Date of Signing: /s/ Jim O'Donnell San Francisco, CA May 14, 2010 Report Type (Check only one.): [ ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ X] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 376 Form 13F Information Table Value Total: $555,989 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. No. 13F File Number Name 01 028-05990 Acadian Asset Management LLC 02 028-06435 Broadmark Asset Management, LLC 03 028-10029 Conestoga Capital Advisors, Inc. 04 028-05618 Emerald Advisers, Inc. 05 028-06649 Hoover Investment Management Co., LLC 06 028-01740 Los Angeles Capital Management and Equity Research Inc 07 028-12202 Netols Asset Management Inc. 08 028-11664 Pictet Asset Management Limited 09 028-05655 Riverbridge Partners, LLC 10 028-03459 Smith Asset Management Group, LP FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M CO COM 88579Y101 1400 16718 SH SOLE 16718 0 0 7 DAYS GROUP HLDGS LTD ADR 81783J101 488 47000 SH SOLE 47000 0 0 ABBOTT LABS COM 002824100 1046 19832 SH SOLE 19832 0 0 ACTUANT CORP CL A NEW 00508X203 11 550 SH SOLE 550 0 0 ADAPTEC INC COM 00651F108 7 2200 SH SOLE 2200 0 0 ADVANCED ENERGY INDS COM 007973100 13 800 SH SOLE 800 0 0 ADVISORY BRD CO COM 00762W107 463 14722 SH SOLE 14722 0 0 AEGEAN MARINE PETROLEUM NETW SHS Y0017S102 9 300 SH SOLE 300 0 0 AGRIUM INC COM 008916108 176 2500 SH SOLE 2500 0 0 AIR PRODS & CHEMS INC COM 009158106 1540 20756 SH SOLE 20756 0 0 ALBEMARLE CORP COM 012653101 545 12793 SH SOLE 12793 0 0 ALCOA INC COM 013817101 30 2065 SH SOLE 2065 0 0 ALEXANDRIA REAL ESTATE EQ IN COM 015271109 1704 25200 SH SOLE 25200 0 0 ALPINE GLOBAL DYNAMIC DIVD F COM 02082E106 5 450 SH SOLE 450 0 0 ALPINE TOTAL DYNAMIC DIVID F COM SBI 021060108 4 480 SH SOLE 480 0 0 ALTERA CORP COM 021441100 107 4400 SH SOLE 4400 0 0 AMEDISYS INC COM 023436108 11 200 SH SOLE 200 0 0 AMERICAN AXLE & MFG HLDGS IN COM 024061103 10 1050 SH SOLE 1050 0 0 AMERICAN CAMPUS CMNTYS INC COM 024835100 4177 151000 SH SOLE 151000 0 0 AMERICAN CAPITAL AGENCY CORP COM 02503X105 269 10500 SH SOLE 10500 0 0 AMERICAN SCIENCE & ENGR INC COM 029429107 477 6401 SH SOLE 6401 0 0 AMERICAN TOWER CORP CL A 029912201 2279 53500 SH SOLE 53500 0 0 AMPCO-PITTSBURGH CORP COM 032037103 7 290 SH SOLE 290 0 0 ANIXTER INTL INC COM 035290105 481 10270 SH SOLE 10270 0 0 ANNALY CAP MGMT INC COM 035710409 36517 2125625 SH SOLE 2125625 0 0 ANNALY CAP MGMT INC COM 035710409 9 50000 SH PUT SOLE 500 0 0 ANWORTH MORTGAGE ASSET CP COM 037347101 397 59000 SH SOLE 59000 0 0 AOL INC COM 00184X105 27 1069 SH SOLE 1069 0 0 APOGEE ENTERPRISES INC COM 037598109 9 600 SH SOLE 600 0 0 APPLIED MATLS INC COM 038222105 1025 75809 SH SOLE 75809 0 0 ARIBA INC COM NEW 04033V203 13 1000 SH SOLE 1000 0 0 ARM HLDGS PLC SPONSORED ADR 042068106 477 44607 SH SOLE 44607 0 0 ASSOCIATED ESTATES RLTY CORP COM 045604105 621 45000 SH SOLE 45000 0 0 AT&T INC COM 00206R102 1184 45510 SH SOLE 45510 0 0 ATHEROS COMMUNICATIONS INC COM 04743P108 13 330 SH SOLE 330 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 809 18236 SH SOLE 18236 0 0 AVALONBAY CMNTYS INC COM 053484101 2763 32000 SH SOLE 32000 0 0 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 844 61726 SH SOLE 61726 0 0 BANCO MACRO SA SPON ADR B 05961W105 499 16694 SH SOLE 16694 0 0 BANK OF AMERICA CORPORATION COM 060505104 71 4020 SH SOLE 4020 0 0 BANK OF NEW YORK MELLON CORP COM 064058100 993 32280 SH SOLE 32280 0 0 BARCLAYS BANK PLC CARRY ETN 38 06739H412 14789 317505 SH SOLE 317505 0 0 BARRICK GOLD CORP COM 067901108 33 860 SH SOLE 860 0 0 BBVA BANCO FRANCES S A SPONSORED ADR 07329M100 112 15251 SH SOLE 15251 0 0 BE AEROSPACE INC COM 073302101 21 700 SH SOLE 700 0 0 BECTON DICKINSON & CO COM 075887109 1086 13764 SH SOLE 13764 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 317 3900 SH SOLE 3900 0 0 BEST BUY INC COM 086516101 66 1550 SH SOLE 1550 0 0 BHP BILLITON PLC SPONSORED ADR 05545E209 79 2180 SH SOLE 2180 0 0 BIO-REFERENCE LABS INC COM $.01 NEW 09057G602 651 14849 SH SOLE 14849 0 0 BOEING CO COM 097023105 339 4670 SH SOLE 4670 0 0 BOSTON PROPERTIES INC COM 101121101 4394 58245 SH SOLE 58245 0 0 BRANDYWINE RLTY TR SH BEN INT NEW 105368203 742 60800 SH SOLE 60800 0 0 BRIGHAM EXPLORATION CO COM 109178103 13 800 SH SOLE 800 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 94 3517 SH SOLE 3517 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 5 290000 SH CALL SOLE 2900 0 0 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 420 19500 SH SOLE 19500 0 0 BUFFALO WILD WINGS INC COM 119848109 8 170 SH SOLE 170 0 0 CABOT MICROELECTRONICS CORP COM 12709P103 9 250 SH SOLE 250 0 0 CAMDEN PPTY TR SH BEN INT 133131102 833 20000 SH SOLE 20000 0 0 CAMERON INTERNATIONAL CORP COM 13342B105 107 2500 SH SOLE 2500 0 0 CAPSTEAD MTG CORP COM NO PAR 14067E506 801 67000 SH SOLE 67000 0 0 CARBO CERAMICS INC COM 140781105 11 175 SH SOLE 175 0 0 CARDINAL HEALTH INC COM 14149Y108 85 2650 SH SOLE 2650 0 0 CARRIZO OIL & CO INC COM 144577103 7 325 SH SOLE 325 0 0 CARTER INC COM 146229109 15 500 SH SOLE 500 0 0 CATALYST HEALTH SOLUTIONS IN COM 14888B103 8 200 SH SOLE 200 0 0 CELGENE CORP COM 151020104 95 1520 SH SOLE 1520 0 0 CENTRAL JERSEY BANCORP NJ COM 153770102 6 1700 SH SOLE 1700 0 0 CHESAPEAKE ENERGY CORP COM 165167107 31 1325 SH SOLE 1325 0 0 CHEVRON CORP NEW COM 166764100 1998 26252 SH SOLE 26252 0 0 CHIMERA INVT CORP COM 16934Q109 734 188600 SH SOLE 188600 0 0 CHIQUITA BRANDS INTL INC COM 170032809 11 700 SH SOLE 700 0 0 CHUBB CORP COM 171232101 1017 19600 SH SOLE 19600 0 0 CISCO SYS INC COM 17275R102 164 6310 SH SOLE 6310 0 0 CITIGROUP INC COM 172967101 83 20500 SH SOLE 20500 0 0 CITY NATL CORP COM 178566105 486 9031 SH SOLE 9031 0 0 CITY TELECOM H K LTD SPONSORED ADR 178677209 2204 137060 SH SOLE 137060 0 0 CLIFFS NATURAL RESOURCES INC COM 18683K101 136 1910 SH SOLE 1910 0 0 COCA COLA CO COM 191216100 934 16999 SH SOLE 16999 0 0 COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 684 7640 SH SOLE 7640 0 0 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 496 13487 SH SOLE 13487 0 0 COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 2080 125000 SH SOLE 125000 0 0 COMPUTER PROGRAMS & SYS INC COM 205306103 9 220 SH SOLE 220 0 0 CONOCOPHILLIPS COM 20825C104 1112 21433 SH SOLE 21433 0 0 COOPER INDUSTRIES PLC SHS G24140108 54 1135 SH SOLE 1135 0 0 CORNING INC COM 219350105 70 3450 SH SOLE 3450 0 0 CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 792 19737 SH SOLE 19737 0 0 CRESUD S A C I F Y A SPONSORED ADR 226406106 200 14373 SH SOLE 14373 0 0 CREXUS INVT CORP COM 226553105 201 15000 SH SOLE 15000 0 0 CROWN CASTLE INTL CORP COM 228227104 325 8500 SH SOLE 8500 0 0 CYNOSURE INC CL A 232577205 5 450 SH SOLE 450 0 0 CYPRESS SHARPRIDGE INVTS INC COM 23281A307 650 48616 SH SOLE 48616 0 0 DARDEN RESTAURANTS INC COM 237194105 2 150000 SH CALL SOLE 1500 0 0 DARDEN RESTAURANTS INC COM 237194105 67 1500 SH SOLE 1500 0 0 DECKERS OUTDOOR CORP COM 243537107 7 50 SH SOLE 50 0 0 DEVON ENERGY CORP NEW COM 25179M103 96 1490 SH SOLE 1490 0 0 DICE HLDGS INC COM 253017107 9 1200 SH SOLE 1200 0 0 DIGITAL RLTY TR INC COM 253868103 2954 54500 SH SOLE 54500 0 0 DIREXION SHS ETF TR DLY R/E BULL3X 25459w755 1891 10500 SH SOLE 10500 0 0 DISCOVER FINL SVCS COM 254709108 60 4812 SH SOLE 4812 0 0 DOUGLAS EMMETT INC COM 25960P109 891 58000 SH SOLE 58000 0 0 DRIL-QUIP INC COM 262037104 5 80 SH SOLE 80 0 0 DUKE REALTY CORP COM NEW 264411505 409 33000 SH SOLE 33000 0 0 DYNAMIC MATLS CORP COM 267888105 345 22139 SH SOLE 22139 0 0 EASTGROUP PPTY INC COM 277276101 1245 33000 SH SOLE 33000 0 0 ECLIPSYS CORP COM 278856109 11 550 SH SOLE 550 0 0 EL PASO CORP COM 28336L109 1084 100000 SH SOLE 100000 0 0 ELDORADO GOLD CORP NEW COM 284902103 8 630 SH SOLE 630 0 0 EMERSON ELEC CO COM 291011104 1255 24740 SH SOLE 24740 0 0 EMPIRE DIST ELEC CO COM 291641108 2413 133900 SH SOLE 133900 0 0 ENCANA CORP COM 292505104 18 565 SH SOLE 565 0 0 ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 937 20000 SH SOLE 20000 0 0 ENERGY XXI (BERMUDA) LTD USD UNRS SHS G10082140 716 40000 SH SOLE 40000 0 0 ENERSIS S A SPONSORED ADR 29274F104 550 27500 SH SOLE 27500 0 0 ENI S P A SPONSORED ADR 26874R108 813 17382 SH SOLE 17382 0 0 ENTERGY CORP NEW COM 29364G103 1790 22000 SH SOLE 22000 0 0 ENTERTAINMENT PPTYS TR COM SH BEN INT 29380T105 1510 36714 SH SOLE 36714 0 0 ENTERTAINMENT PPTYS TR CONV PFD 9% SR E 29380T600 10701 409673 SH SOLE 409673 0 0 ENTERTAINMENT PPTYS TR PFD C CNV 5.75% 29380T402 2258 123700 SH SOLE 123700 0 0 ENZON PHARMACEUTICALS INC COM 293904108 10 1000 SH SOLE 1000 0 0 EQUITY ONE COM 294752100 245 13000 SH SOLE 13000 0 0 EQUITY RESIDENTIAL SH BEN INT 29476L107 3532 90200 SH SOLE 90200 0 0 ESSEX PPTY TR INC COM 297178105 900 10000 SH SOLE 10000 0 0 EXPEDITORS INTL WASH INC COM 302130109 495 13401 SH SOLE 13401 0 0 EXXON MOBIL CORP COM 30231G102 775 11588 SH SOLE 11588 0 0 FACTSET RESH SYS INC COM 303075105 552 7484 SH SOLE 7484 0 0 FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 2228 30600 SH SOLE 30600 0 0 FEI CO COM 30241L109 7 300 SH SOLE 300 0 0 FELCOR LODGING TR INC COM 31430F101 382 67000 SH SOLE 67000 0 0 FELCOR LODGING TR INC PFD CV A $1.95 31430F200 8764 484184 SH SOLE 484184 0 0 FIDELITY NATL INFORMATION SV COM 31620M106 144 6155 SH SOLE 6155 0 0 FINISH LINE INC CL A 317923100 15 900 SH SOLE 900 0 0 FIRST POTOMAC RLTY TR COM 33610F109 224 14900 SH SOLE 14900 0 0 FLUOR CORP NEW COM 343412102 465 10000 SH SOLE 10000 0 0 FOCUS MEDIA HLDG LTD SPONSORED ADR 34415V109 14 770 SH SOLE 770 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 129 10300 SH SOLE 10300 0 0 FOSSIL INC COM 349882100 11 300 SH SOLE 300 0 0 FOSTER WHEELER AG COM H27178104 679 25000 SH SOLE 25000 0 0 FPL GROUP INC COM 302571104 2610 54000 SH SOLE 54000 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 67 812 SH SOLE 812 0 0 GAP INC DEL COM 364760108 37 1610 SH SOLE 1610 0 0 GARDNER DENVER INC COM 365558105 13 300 SH SOLE 300 0 0 GENERAL DYNAMICS CORP COM 369550108 953 12392 SH SOLE 12392 0 0 GENERAL ELECTRIC CO COM 369604103 1210 66427 SH SOLE 66427 0 0 GENERAL ELECTRIC CO COM 369604103 3 250000 SH CALL SOLE 2500 0 0 GENERAL GROWTH PPTYS INC COM 370021107 1026 63753 SH SOLE 63753 0 0 GENOPTIX INC COM 37243V100 489 13696 SH SOLE 13696 0 0 GILEAD SCIENCES INC COM 375558103 65 1430 SH SOLE 1430 0 0 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 1070 27508 SH SOLE 27508 0 0 GLIMCHER RLTY TR SH BEN INT 379302102 1036 204300 SH SOLE 204300 0 0 GOLDEN STAR RES LTD CDA COM 38119T104 22 5800 SH SOLE 5800 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 15 90 SH SOLE 90 0 0 GOOGLE INC CL A 38259P508 166 292 SH SOLE 292 0 0 GRAINGER W W INC COM 384802104 733 6815 SH SOLE 6815 0 0 GRUBB & ELLIS CO COM PAR $0.01 400095204 62 28000 SH SOLE 28000 0 0 GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 907 17500 SH SOLE 17500 0 0 GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 125 21000 SH SOLE 21000 0 0 GYMBOREE CORP COM 403777105 15 300 SH SOLE 300 0 0 HALLIBURTON CO COM 406216101 1205 40000 SH SOLE 40000 0 0 HARRY WINSTON DIAMOND CORP COM 41587B100 9 870 SH SOLE 870 0 0 HATTERAS FINL CORP COM 41902R103 181 7025 SH SOLE 7025 0 0 HCP INC COM 40414L109 3907 118400 SH SOLE 118400 0 0 HEALTH CARE REIT INC COM 42217K106 1592 35200 SH SOLE 35200 0 0 HEALTH NET INC COM 42222G108 13 530 SH SOLE 530 0 0 HEARTLAND EXPRESS INC COM 422347104 18 1100 SH SOLE 1100 0 0 HECLA MNG CO COM 422704106 10 1820 SH SOLE 1820 0 0 HEWLETT PACKARD CO COM 428236103 103 1950 SH SOLE 1950 0 0 HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 343 14300 SH SOLE 14300 0 0 HOST HOTELS & RESORTS INC COM 44107P104 3586 244773 SH SOLE 244773 0 0 HRPT PPTYS TR PFD CONV D 40426W507 11322 556348 SH SOLE 556348 0 0 INFORMATICA CORP COM 45666Q102 11 400 SH SOLE 400 0 0 INSITUFORM TECHNOLOGIES INC CL A 457667103 11 400 SH SOLE 400 0 0 INTEL CORP COM 458140100 1835 82574 SH SOLE 82574 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 1470 11477 SH SOLE 11477 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 10 210000 SH CALL SOLE 2100 0 0 INTL PAPER CO COM 460146103 99 4035 SH SOLE 4035 0 0 ISHARES INC MSCI TURKEY FD 464286715 693 12204 SH SOLE 12204 0 0 ISHARES TR BARCLYS 1-3YR CR 464288646 20709 198000 SH SOLE 198000 0 0 ISHARES TR BARCLYS GOVT CR 464288596 77 725 SH SOLE 725 0 0 ISHARES TR BARCLYS INTER CR 464288638 8001 76943 SH SOLE 76943 0 0 ISHARES TR BARCLYS MBS BD 464288588 618 5780 SH SOLE 5780 0 0 ISHARES TR HIGH YLD CORP 464288513 39 455 SH SOLE 455 0 0 ISHARES TR S&P NTL AMTFREE 464288414 1282 12423 SH SOLE 12423 0 0 ISHARES TR INDEX BARCLY USAGG B 464287226 23280 223430 SH SOLE 223430 0 0 ISHARES TR INDEX DJ US REAL EST 464287739 1747 35100 SH SOLE 35100 0 0 ISHARES TR INDEX DJ US REAL EST 464287739 3831 419500 SH CALL SOLE 4195 0 0 ISHARES TR INDEX DJ US REAL EST 464287739 67 70000 SH PUT SOLE 700 0 0 ISHARES TR INDEX IBOXX INV CPBD 464287242 2115 20000 SH SOLE 20000 0 0 ISHARES TR INDEX MSCI EMERG MKT 464287234 2 45 SH SOLE 45 0 0 ISHARES TR INDEX RUSSELL 2000 464287655 130 1910 SH SOLE 1910 0 0 ISTAR FINL INC COM 45031U101 10 2100 SH SOLE 2100 0 0 ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 1483 67776 SH SOLE 67776 0 0 ITRON INC COM 465741106 9 130 SH SOLE 130 0 0 JAMES RIVER COAL CO COM NEW 470355207 4 225 SH SOLE 225 0 0 JANUS CAP GROUP INC COM 47102X105 5 335 SH SOLE 335 0 0 JOHN BEAN TECHNOLOGIES CORP COM 477839104 529 30042 SH SOLE 30042 0 0 JOHNSON & JOHNSON COM 478160104 1501 22912 SH SOLE 22912 0 0 JPMORGAN CHASE & CO COM 46625H100 629 14042 SH SOLE 14042 0 0 KENDLE INTERNATIONAL INC COM 48880L107 3 200 SH SOLE 200 0 0 KEY ENERGY SVCS INC COM 492914106 11 1100 SH SOLE 1100 0 0 KIMCO REALTY CORP COM 49446R109 1989 127200 SH SOLE 127200 0 0 KKR FINANCIAL HLDGS LLC COM 48248A306 345 60000 SH CALL SOLE 600 0 0 KKR FINANCIAL HLDGS LLC COM 48248A306 10 1200 SH SOLE 1200 0 0 KOHLS CORP COM 500255104 31 575 SH SOLE 575 0 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 106 1150 SH SOLE 1150 0 0 LAS VEGAS SANDS CORP COM 517834107 126 5960 SH SOLE 5960 0 0 LASALLE HOTEL PPTYS COM SH BEN INT 517942108 1058 45400 SH SOLE 45400 0 0 LENDER PROCESSING SVCS INC COM 52602E102 139 3593 SH SOLE 3593 0 0 LEXINGTON REALTY TRUST PFD CONV SER C 529043309 12972 343718 SH SOLE 343718 0 0 LHC GROUP INC COM 50187A107 12 350 SH SOLE 350 0 0 LIBERTY PPTY TR SH BEN INT 531172104 1190 35060 SH SOLE 35060 0 0 LILLY ELI & CO COM 532457108 30 815 SH SOLE 815 0 0 LILLY ELI & CO COM 532457108 1 80000 SH CALL SOLE 800 0 0 LIMITED BRANDS INC COM 532716107 9848 400000 SH SOLE 400000 0 0 LINN ENERGY LLC UNIT LTD LIAB 536020100 14320 556800 SH SOLE 556800 0 0 LMI AEROSPACE INC COM 502079106 9 500 SH SOLE 500 0 0 LULULEMON ATHLETICA INC COM 550021109 11 275 SH SOLE 275 0 0 MACERICH CO COM 554382101 7 178 SH SOLE 178 0 0 MACK CALI RLTY CORP COM 554489104 6842 194100 SH SOLE 194100 0 0 MAGMA DESIGN AUTOMATION COM 559181102 10 3700 SH SOLE 3700 0 0 MARKET VECTORS ETF TR AFRICA ETF 57060U787 340 10800 SH SOLE 10800 0 0 MARKET VECTORS ETF TR COAL ETF 57060U837 4619 122500 SH SOLE 122500 0 0 MARKET VECTORS ETF TR GULF STS ETF 57060U779 35 1606 SH SOLE 1606 0 0 MARKET VECTORS ETF TR HG YLD MUN ETF 57060U878 4 130 SH SOLE 130 0 0 MARKET VECTORS ETF TR MV STEEL INDEX 57060U308 4805 70300 SH SOLE 70300 0 0 MARKET VECTORS ETF TR VIETNAM ETF 57060U761 1245 49500 SH SOLE 49500 0 0 MCCORMICK & CO INC COM NON VTG 579780206 437 11375 SH SOLE 11375 0 0 MCDONALDS CORP COM 580135101 2006 30163 SH SOLE 30163 0 0 MCKESSON CORP COM 58155Q103 98 1490 SH SOLE 1490 0 0 MEADWESTVACO CORP COM 583334107 74 2900 SH SOLE 2900 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 426 6535 SH SOLE 6535 0 0 MEDTRONIC INC COM 585055106 104 2300 SH SOLE 2300 0 0 MERCK & CO INC NEW COM 58933Y105 85 2260 SH SOLE 2260 0 0 MET PRO CORP COM 590876306 31 3151 SH SOLE 3151 0 0 METLIFE INC COM 59156R108 1030 23711 SH SOLE 23711 0 0 MFA FINANCIAL INC COM 55272X102 2558 347500 SH SOLE 347500 0 0 MICROCHIP TECHNOLOGY INC COM 595017104 630 22325 SH SOLE 22325 0 0 MICROS SYS INC COM 594901100 572 17372 SH SOLE 17372 0 0 MICROSEMI CORP COM 595137100 10 550 SH SOLE 550 0 0 MICROSOFT CORP COM 594918104 1270 43439 SH SOLE 43439 0 0 MONMOUTH REAL ESTATE INVT CO CL A 609720107 303 36100 SH SOLE 36100 0 0 MONSANTO CO NEW COM 61166W101 714 10000 SH SOLE 10000 0 0 MONSTER WORLDWIDE INC COM 611742107 8 500 SH SOLE 500 0 0 MORGAN STANLEY COM NEW 617446448 485 16807 SH SOLE 16807 0 0 MOSAIC CO COM 61945A107 3069 50500 SH SOLE 50500 0 0 MYLAN INC COM 628530107 232 10200 SH SOLE 10200 0 0 NATUS MEDICAL INC DEL COM 639050103 14 850 SH SOLE 850 0 0 NETSCOUT SYS INC COM 64115T104 4 300 SH SOLE 300 0 0 NEW JERSEY RES COM 646025106 16 426 SH SOLE 426 0 0 NEWMONT MINING CORP COM 651639106 35 670 SH SOLE 670 0 0 NICOR INC COM 654086107 9 220 SH SOLE 220 0 0 NIKE INC CL B 654106103 96 1295 SH SOLE 1295 0 0 NORDSON CORP COM 655663102 609 8985 SH SOLE 8985 0 0 NORDSTROM INC COM 655664100 43 1040 SH SOLE 1040 0 0 NORFOLK SOUTHERN CORP COM 655844108 1263 22661 SH SOLE 22661 0 0 NORTHSTAR RLTY FIN CORP COM 66704R100 350 83196 SH SOLE 83196 0 0 NOVARTIS A G SPONSORED ADR 66987V109 1468 27229 SH SOLE 27229 0 0 NUANCE COMMUNICATIONS INC COM 67020Y100 58 3475 SH SOLE 3475 0 0 NYSE EURONEXT COM 629491101 1968 66461 SH SOLE 66461 0 0 ODYSSEY HEALTHCARE INC COM 67611V101 13 700 SH SOLE 700 0 0 OMEGA HEALTHCARE INVS INC COM 681936100 702 36000 SH SOLE 36000 0 0 OMNICOM GROUP INC COM 681919106 69 1785 SH SOLE 1785 0 0 OPTIONSXPRESS HLDGS INC COM 684010101 3 200 SH SOLE 200 0 0 ORACLE CORP COM 68389X105 105 4115 SH SOLE 4115 0 0 P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 726 20290 SH SOLE 20290 0 0 PEPSICO INC COM 713448108 192 2900 SH SOLE 2900 0 0 PETROBRAS ENERGIA S A SPONS ADR 71646J109 193 11590 SH SOLE 11590 0 0 PETROHAWK ENERGY CORP COM 716495106 1217 60000 SH SOLE 60000 0 0 PFIZER INC COM 717081103 1400 81056 SH SOLE 81056 0 0 PG&E CORP COM 69331C108 2333 55000 SH SOLE 55000 0 0 PLATINUM UNDERWRITER HLDGS L COM G7127P100 9 230 SH SOLE 230 0 0 PLUM CREEK TIMBER CO INC COM 729251108 689 17700 SH SOLE 17700 0 0 PMC-SIERRA INC COM 69344F106 7 750 SH SOLE 750 0 0 POTLATCH CORP NEW COM 737630103 666 19000 SH SOLE 19000 0 0 POWERSHARES DB G10 CURCY HAR COM UT BEN INT 73935Y102 6787 287700 SH SOLE 287700 0 0 POWERSHARES ETF TRUST II MENA FRNTR ETF 73936Q603 36 2599 SH SOLE 2599 0 0 POWERSHARES QQQ TRUST UNIT SER 1 73935A104 11484 238253 SH OTHER 129147 109106 0 PPG INDS INC COM 693506107 1063 16160 SH SOLE 16160 0 0 PRICE T ROWE GROUP INC COM 74144T108 778 14168 SH SOLE 14168 0 0 PROCTER & GAMBLE CO COM 742718109 1118 17662 SH SOLE 17662 0 0 PROLOGIS SH BEN INT 743410102 1502 113800 SH SOLE 113800 0 0 PROSHARES TR PSHS ULTRA R/EST 74347R677 1842 226200 SH SOLE 226200 0 0 PS BUSINESS PKS INC CALIF COM 69360J107 657 12300 SH SOLE 12300 0 0 PSYCHEMEDICS CORP COM NEW 744375205 122 15852 SH SOLE 15852 0 0 PUBLIC STORAGE COM 74460D109 3220 35000 SH SOLE 35000 0 0 QUALCOMM INC COM 747525103 1231 29345 SH SOLE 29345 0 0 QUALITY SYS INC COM 747582104 8 130 SH SOLE 130 0 0 RAIT FINANCIAL TRUST COM 749227104 109 55000 SH SOLE 55000 0 0 RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 5829 517731 SH SOLE 517731 0 0 RAYMOND JAMES FINANCIAL INC COM 754730109 455 17085 SH SOLE 17085 0 0 REGAL ENTMT GROUP CL A 758766109 19 1100 SH SOLE 1100 0 0 RITCHIE BROS AUCTIONEERS COM 767744105 581 27091 SH SOLE 27091 0 0 ROBERT HALF INTL INC COM 770323103 586 19296 SH SOLE 19296 0 0 ROCKWELL COLLINS INC COM 774341101 282 4510 SH SOLE 4510 0 0 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 2499 43435 SH SOLE 43435 0 0 SAKS INC COM 79377W108 8 950 SH SOLE 950 0 0 SANDRIDGE ENERGY INC COM 80007P307 462 60000 SH SOLE 60000 0 0 SBA COMMUNICATIONS CORP COM 78388J106 325 9000 SH SOLE 9000 0 0 SCHWAB CHARLES CORP NEW COM 808513105 91 4840 SH SOLE 4840 0 0 SENIOR HSG PPTYS TR SH BEN INT 81721M109 438 19800 SH SOLE 19800 0 0 SHAW COMMUNICATIONS INC CL B CONV 82028K200 532 26819 SH SOLE 26819 0 0 SHIP FINANCE INTERNATIONAL L SHS G81075106 843 47500 SH SOLE 47500 0 0 SIMON PPTY GROUP INC NEW COM 828806109 9875 117694 SH SOLE 117694 0 0 SK TELECOM LTD SPONSORED ADR 78440P108 541 30965 SH SOLE 30965 0 0 SL GREEN RLTY CORP COM 78440X101 2101 36700 SH SOLE 36700 0 0 SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 51 1360 SH SOLE 1360 0 0 SOUTHWESTERN ENERGY CO COM 845467109 48 1180 SH SOLE 1180 0 0 SOVRAN SELF STORAGE INC COM 84610H108 687 19700 SH SOLE 19700 0 0 SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 11370 104531 SH OTHER 56748 47783 0 SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 17252 490400 SH SOLE 490400 0 0 SPDR S&P 500 ETF TR UNIT SER 1 S&P 78462F103 22040 188406 SH OTHER 101799 86607 0 SPDR SERIES TRUST BRCLYS 1-3MT ETF 78464A680 30062 655512 SH OTHER 0 655512 0 SPDR SERIES TRUST WELLS FG PFD ETF 78464A292 15147 349000 SH SOLE 349000 0 0 SPECTRA ENERGY CORP COM 847560109 3323 147500 SH SOLE 147500 0 0 SPECTRUM CTL INC COM 847615101 12 1000 SH SOLE 1000 0 0 STANLEY BLACK & DECKER INC COM 854502101 1098 19193 SH SOLE 19193 0 0 STAR SCIENTIFIC INC COM 85517P101 10 4000 SH SOLE 4000 0 0 STEINER LEISURE LTD ORD P8744Y102 451 10124 SH SOLE 10124 0 0 STIFEL FINL CORP COM 860630102 13 250 SH SOLE 250 0 0 STILLWATER MNG CO COM 86074Q102 9 720 SH SOLE 720 0 0 SUPERIOR WELL SVCS INC COM 86837X105 7 550 SH SOLE 550 0 0 SVB FINL GROUP COM 78486Q101 9 200 SH SOLE 200 0 0 SWIFT ENERGY CO COM 870738101 12 400 SH SOLE 400 0 0 SXC HEALTH SOLUTIONS CORP COM 78505P100 20 300 SH SOLE 300 0 0 SYMYX TECHNOLOGIES COM 87155S108 154 34272 SH SOLE 34272 0 0 SYNAPTICS INC COM 87157D109 6 210 SH SOLE 210 0 0 SYNGENTA AG SPONSORED ADR 87160A100 2442 44074 SH SOLE 44074 0 0 TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 1031 98394 SH SOLE 98394 0 0 TANGER FACTORY OUTLET CTRS I COM 875465106 1454 33700 SH SOLE 33700 0 0 TELECOM ARGENTINA S A SPON ADR REP B 879273209 543 29000 SH SOLE 29000 0 0 TENARIS S A SPONSORED ADR 88031M109 727 16772 SH SOLE 16772 0 0 TERRENO RLTY CORP COM 88146M101 395 20000 SH SOLE 20000 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 14 225 SH SOLE 225 0 0 TEXAS INSTRS INC COM 882508104 923 37811 SH SOLE 37811 0 0 THORATEC CORP COM NEW 885175307 8 250 SH SOLE 250 0 0 TIFFANY & CO NEW COM 886547108 658 13831 SH SOLE 13831 0 0 TIME WARNER CABLE INC COM 88732J207 76 1420 SH SOLE 1420 0 0 TIME WARNER INC COM NEW 887317303 1113 35537 SH SOLE 35537 0 0 TITANIUM METALS CORP COM NEW 888339207 12 700 SH SOLE 700 0 0 TOTAL S A SPONSORED ADR 89151E109 1363 23605 SH SOLE 23605 0 0 TRANSOCEAN LTD REG SHS H8817H100 2375 27500 SH SOLE 27500 0 0 UDR INC COM 902653104 748 42408 SH SOLE 42408 0 0 UNILEVER PLC SPON ADR NEW 904767704 992 34178 SH SOLE 34178 0 0 UNION DRILLING INC COM 90653P105 8 1300 SH SOLE 1300 0 0 UNITED TECHNOLOGIES CORP COM 913017109 58 788 SH SOLE 788 0 0 UNITED TECHNOLOGIES CORP COM 913017109 4 80000 SH CALL SOLE 800 0 0 UNITEDHEALTH GROUP INC COM 91324P102 139 4270 SH SOLE 4270 0 0 UNIVERSAL CORP VA COM 913456109 15 280 SH SOLE 280 0 0 V F CORP COM 918204108 1586 19808 SH SOLE 19808 0 0 VALE S A ADR 91912E105 1008 31385 SH SOLE 31385 0 0 VALEANT PHARMACEUTICALS INTL COM 91911X104 14 320 SH SOLE 320 0 0 VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 9595 119925 SH SOLE 119925 0 0 VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 193 4345 SH SOLE 4345 0 0 VARIAN MED SYS INC COM 92220P105 624 11355 SH SOLE 11355 0 0 VCA ANTECH INC COM 918194101 8 300 SH SOLE 300 0 0 VENTAS INC COM 92276F100 3419 72000 SH SOLE 72000 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 117 3797 SH SOLE 3797 0 0 VIASAT INC COM 92552V100 19 550 SH SOLE 550 0 0 VIMICRO INTL CORP ADR 92718N109 16 3500 SH SOLE 3500 0 0 VMWARE INC CL A COM 928563402 157 2950 SH SOLE 2950 0 0 VORNADO RLTY TR SH BEN INT 929042109 4823 63709 SH SOLE 63709 0 0 W P CAREY & CO LLC COM 92930Y107 1645 55988 SH SOLE 55988 0 0 WAL MART STORES INC COM 931142103 1379 24745 SH SOLE 24745 0 0 WARNACO GROUP INC COM NEW 934390402 10 200 SH SOLE 200 0 0 WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 1109 36300 SH SOLE 36300 0 0 WASTE CONNECTIONS INC COM 941053100 564 16716 SH SOLE 16716 0 0 WASTE MGMT INC DEL COM 94106L109 926 26908 SH SOLE 26908 0 0 WEINGARTEN RLTY INVS SH BEN INT 948741103 992 46000 SH SOLE 46000 0 0 WESTERN DIGITAL CORP COM 958102105 30 775 SH SOLE 775 0 0 WILLIAMS COS INC DEL COM 969457100 8547 370000 SH SOLE 370000 0 0 WISDOMTREE TR MID EAST DIVD 97717X305 97 6040 SH SOLE 6040 0 0 WORLD FUEL SVCS CORP COM 981475106 569 21327 SH SOLE 21327 0 0 WPP PLC ADR 92933H101 1776 34459 SH SOLE 34459 0 0 YAMANA GOLD INC COM 98462Y100 57 5850 SH SOLE 5850 0 0 ZORAN CORP COM 98975F101 11 1000 SH SOLE 1000 0 0
-----END PRIVACY-ENHANCED MESSAGE-----