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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
ABBOTT LABS COM 002824100 162 3,500 SH   OTR 1 3,500 0 0
ABBOTT LABS COM 002824100 56 1,200 SH   OTR   1,200 0 0
ABBVIE INC COM 00287Y109 70 1,200 SH   OTR   1,200 0 0
ABBVIE INC COM 00287Y109 227 3,885 SH   OTR 1 3,885 0 0
ACELRX PHARMACEUTICALS INC COM 00444T100 99 25,709 SH   SOLE   25,709 0 0
AIR LEASE CORP CL A 00912X302 58,489 1,549,795 SH   OTR   1,543,400 0 6,395
AIR LEASE CORP CL A 00912X302 59,959 1,588,748 SH   OTR 1 1,586,748 0 2,000
ALLEGHANY CORP DEL COM 017175100 47,242 97,007 SH   OTR   96,597 0 410
ALLEGHANY CORP DEL COM 017175100 48,929 100,469 SH   OTR 1 100,318 0 151
AMERICAN EXPRESS CO COM 025816109 29,929 383,120 SH   OTR   381,465 0 1,655
AMERICAN EXPRESS CO COM 025816109 34,108 436,610 SH   OTR 1 436,110 0 500
AMERICAN WTR WKS CO INC NEW COM 030420103 53,971 995,592 SH   OTR   990,607 0 4,985
AMERICAN WTR WKS CO INC NEW COM 030420103 60,043 1,107,603 SH   OTR 1 1,104,463 0 3,140
APPLE INC COM 037833100 1,279 10,278 SH   OTR 1 10,278 0 0
ATMEL CORP COM 049513104 146 17,700 SH   OTR 1 6,700 0 11,000
BERKSHIRE HATHAWAY INC DEL CL A 084670108 218 1 SH   OTR 1 0 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 870 4 SH   OTR   4 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 580 4,019 SH   OTR 1 3,969 0 50
BOEING CO COM 097023105 33,928 226,067 SH   OTR   225,182 0 885
BOEING CO COM 097023105 37,736 251,439 SH   OTR 1 251,439 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 685 10,617 SH   OTR   10,617 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 390 6,051 SH   OTR 1 6,051 0 0
CABELAS INC COM 126804301 25,469 454,960 SH   OTR   453,160 0 1,800
CABELAS INC COM 126804301 30,615 546,900 SH   OTR 1 546,900 0 0
CALIFORNIA RES CORP COM 13057Q107 1,414 185,761 SH   OTR   185,075 0 686
CALIFORNIA RES CORP COM 13057Q107 1,478 194,180 SH   OTR 1 193,702 0 478
CASTLE A M & CO NOTE 7.000%12/1 148411AF8 4,730 7,200,000 PRN   OTR 1 7,200,000 0 0
CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 64,579 334,415 SH   OTR 1 334,415 0 0
CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 60,488 313,230 SH   OTR   311,955 0 1,275
CINEMARK HOLDINGS INC COM 17243V102 48,816 1,083,120 SH   OTR 1 1,079,610 0 3,510
CINEMARK HOLDINGS INC COM 17243V102 44,045 977,264 SH   OTR   973,134 0 4,130
COCA COLA CO COM 191216100 33 810 SH   OTR   810 0 0
COCA COLA CO COM 191216100 777 19,152 SH   OTR 1 19,152 0 0
CONE MIDSTREAM PARTNERS LP COM UNIT REPST 206812109 22,233 1,277,005 SH   OTR   1,271,800 0 5,205
CONE MIDSTREAM PARTNERS LP COM UNIT REPST 206812109 19,413 1,115,035 SH   OTR 1 1,115,035 0 0
CROWN HOLDINGS INC COM 228368106 57,520 1,064,795 SH   OTR   1,059,735 0 5,060
CROWN HOLDINGS INC COM 228368106 61,851 1,144,964 SH   OTR 1 1,144,964 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 38,362 346,945 SH   OTR   345,345 0 1,600
DIAGEO P L C SPON ADR NEW 25243Q205 47,480 429,412 SH   OTR 1 428,962 0 450
DIGITAL RLTY TR INC COM 253868103 32,274 489,297 SH   OTR   487,202 0 2,095
DIGITAL RLTY TR INC COM 253868103 34,590 524,413 SH   OTR 1 522,528 0 1,885
DURECT CORP COM 266605104 113 59,256 SH   SOLE   59,256 0 0
EBAY INC COM 278642103 40,416 700,700 SH   OTR   697,940 0 2,760
EBAY INC COM 278642103 43,066 746,635 SH   OTR 1 745,635 0 1,000
ENTERPRISE PRODS PARTNERS L COM 293792107 34,181 1,037,995 SH   OTR 1 1,033,995 0 4,000
ENTERPRISE PRODS PARTNERS L COM 293792107 44,648 1,355,840 SH   OTR   1,350,740 0 5,100
EXXON MOBIL CORP COM 30231G102 939 11,046 SH   OTR   11,046 0 0
EXXON MOBIL CORP COM 30231G102 859 10,106 SH   OTR 1 10,106 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 1,092 19,125 SH   OTR   19,125 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 54 952 SH   OTR 1 952 0 0
GOOGLE INC CL A 38259P508 21,662 39,052 SH   OTR   38,907 0 145
GOOGLE INC CL A 38259P508 26,627 48,003 SH   OTR 1 45,493 0 0
GOOGLE INC CL C 38259P706 27,519 50,218 SH   OTR   49,982 0 236
GOOGLE INC CL C 38259P706 33,430 61,004 SH   OTR 1 58,394 0 100
HEALTHSOUTH CORP COM NEW 421924309 26,079 587,885 SH   OTR   584,960 0 2,925
HEALTHSOUTH CORP COM NEW 421924309 24,706 556,950 SH   OTR 1 556,950 0 0
JOHNSON & JOHNSON COM 478160104 54,093 537,708 SH   OTR 1 537,708 0 0
JOHNSON & JOHNSON COM 478160104 46,629 463,504 SH   SOLE   461,369 0 2,135
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 41 10,000 PRN   OTR 1 0 0 10,000
KINDER MORGAN INC DEL COM 49456B101 19,430 461,953 SH   OTR 1 461,953 0 0
KINDER MORGAN INC DEL COM 49456B101 2,968 70,570 SH   OTR   70,570 0 0
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 44,133 1,511,922 SH   OTR   1,505,872 0 6,050
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 49,534 1,696,941 SH   OTR 1 1,696,941 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 17,484 416,190 SH   OTR   414,415 0 1,775
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 20,264 482,356 SH   OTR 1 482,356 0 0
LILLY ELI & CO COM 532457108 1,195 16,451 SH   OTR   16,451 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 54,941 716,216 SH   OTR   711,941 0 4,275
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 48,588 633,389 SH   OTR 1 631,699 0 1,690
MEAD JOHNSON NUTRITION CO COM 582839106 207 2,060 SH   SOLE   2,060 0 0
MERCK & CO INC NEW COM 58933Y105 45 783 SH   OTR   783 0 0
MERCK & CO INC NEW COM 58933Y105 652 11,338 SH   OTR 1 11,338 0 0
NAVISTAR INTL CORP NEW NOTE 4.500%10/1 63934EAQ1 37,621 42,360,000 PRN   OTR 1 42,360,000 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 38,629 2,570,138 SH   OTR   2,559,678 0 10,460
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 43,339 2,883,507 SH   OTR 1 2,875,980 0 7,527
NEW SR INVT GROUP INC COM 648691103 31,689 1,905,514 SH   OTR   1,898,618 0 6,896
NEW SR INVT GROUP INC COM 648691103 37,196 2,236,654 SH   OTR 1 2,232,455 0 4,199
NOVAGOLD RES INC COM NEW 66987E206 36 12,100 SH   OTR 1 12,100 0 0
NOVARTIS A G SPONSORED ADR 66987V109 28,233 286,314 SH   OTR   285,149 0 1,165
NOVARTIS A G SPONSORED ADR 66987V109 39,426 399,816 SH   OTR 1 399,816 0 0
NRG YIELD INC COM CL A 62942X108 34,412 678,340 SH   OTR   675,775 0 2,565
NRG YIELD INC COM CL A 62942X108 46,719 920,937 SH   OTR 1 920,937 0 0
NVIDIA CORP NOTE 1.000%12/0 67066GAC8 35,363 30,000,000 PRN   OTR 1 30,000,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 36,065 494,046 SH   OTR   492,331 0 1,715
OCCIDENTAL PETE CORP DEL COM 674599105 40,807 559,010 SH   OTR 1 557,815 0 1,195
OWENS ILL INC COM NEW 690768403 37,356 1,601,872 SH   OTR   1,595,617 0 6,255
OWENS ILL INC COM NEW 690768403 44,268 1,898,295 SH   OTR 1 1,893,715 0 4,580
PHH CORP COM NEW 693320202 33,999 1,406,657 SH   OTR   1,400,987 0 5,670
PHH CORP COM NEW 693320202 35,442 1,466,355 SH   OTR 1 1,466,355 0 0
PLAINS GP HLDGS L P SHS A REP LTPN 72651A108 41,405 1,459,470 SH   OTR   1,453,360 0 6,110
PLAINS GP HLDGS L P SHS A REP LTPN 72651A108 47,940 1,689,815 SH   OTR 1 1,689,815 0 0
POPE RES DEL LTD PARTNERSHIP DEPOSITRY RCPT 732857107 987 15,560 SH   OTR 1 0 0 0
PROCTER & GAMBLE CO COM 742718109 1,653 20,172 SH   OTR   19,752 0 420
PROCTER & GAMBLE CO COM 742718109 1,521 18,564 SH   OTR 1 18,564 0 0
QUESTAR CORP COM 748356102 16,321 684,036 SH   OTR   679,421 0 4,615
QUESTAR CORP COM 748356102 33,795 1,416,375 SH   OTR 1 1,416,185 0 190
ROPER INDS INC NEW COM 776696106 344 2,000 SH   OTR 1 2,000 0 0
SANOFI RIGHT 12/31/2020 80105N113 34 50,000 SH   OTR 1 0 0 50,000
STONEGATE MTG CORP COM 86181Q300 8,219 759,570 SH   OTR   759,570 0 0
STONEGATE MTG CORP COM 86181Q300 9,206 850,764 SH   OTR 1 844,324 0 6,440
TELEFLEX INC COM 879369106 55,094 455,960 SH   OTR 1 455,960 0 0
TELEFLEX INC COM 879369106 50,502 417,962 SH   OTR   416,162 0 1,800
TELEFLEX INC NOTE 3.875% 8/0 879369AA4 35,665 18,150,000 PRN   OTR 1 18,150,000 0 0
THOMPSON CREEK METALS CO INC COM 884768102 20 15,000 SH   OTR 1 0 0 15,000
TRI POINTE HOMES INC COM 87265H109 35,656 2,310,825 SH   OTR   2,300,745 0 10,080
TRI POINTE HOMES INC COM 87265H109 42,139 2,730,965 SH   OTR 1 2,730,965 0 0
TRIUMPH GROUP INC NEW COM 896818101 28,782 481,945 SH   OTR   479,660 0 2,285
TRIUMPH GROUP INC NEW COM 896818101 31,049 519,905 SH   OTR 1 519,905 0 0
UNILEVER N V N Y SHS NEW 904784709 28,929 692,751 SH   OTR   689,776 0 2,975
UNILEVER N V N Y SHS NEW 904784709 32,087 768,358 SH   OTR 1 767,358 0 1,000
UNION PAC CORP COM 907818108 650 6,000 SH   OTR   6,000 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 86,994 437,993 SH   OTR   436,349 0 1,644
VALEANT PHARMACEUTICALS INTL COM 91911K102 90,345 454,867 SH   OTR 1 452,867 0 2,000
VIACOM INC NEW CL B 92553P201 43,584 638,127 SH   OTR   636,037 0 2,090
VIACOM INC NEW CL B 92553P201 44,715 654,682 SH   OTR 1 654,021 0 661
WELLS FARGO & CO NEW COM 949746101 575 10,555 SH   OTR 1 10,555 0 0
XPO LOGISTICS INC NOTE 4.500%10/0 983793AA8 7,601 2,720,000 PRN   OTR 1 2,720,000 0 0