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
ABERDEEN ASIA PACIFIC INCOM COM 003009107 103 16,342 SH   DFND 1 16,342 0 0
AIR PRODS & CHEMS INC COM 009158106 363 2,822 SH   DFND 1 2,822 0 0
ALASKA AIR GROUP INC COM 011659109 2,254 23,713 SH   DFND 1 23,713 0 0
ALLERGAN INC COM 018490102 33,852 200,050 SH   DFND 1 200,050 0 0
ALTISOURCE RESIDENTIAL CORP CL B 02153W100 205 7,875 SH   DFND 1 7,875 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 36,062 660,717 SH   DFND 1 660,717 0 0
AMERISOURCEBERGEN CORP COM 03073E105 215 2,954 SH   DFND 1 2,954 0 0
ANADARKO PETE CORP COM 032511107 32,841 300,000 SH   DFND 1 300,000 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 32,850 285,800 SH   DFND 1 285,800 0 0
ASHLAND INC NEW COM 044209104 14,680 135,000 SH   DFND 1 135,000 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 18,578 250,000 SH   DFND 1 250,000 0 0
AVENUE INCOME CR STRATEGIES COM 05358E106 305 16,976 SH   DFND 1 16,976 0 0
BAIDU INC SPON ADR REP A 056752108 211 1,127 SH   DFND 1 1,127 0 0
BAKER HUGHES INC COM 057224107 234 3,142 SH   DFND 1 3,142 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 247 1,954 SH   DFND 1 1,954 0 0
BLACKSTONE GSO FLTING RTE FU COM 09256U105 253 14,124 SH   DFND 1 14,124 0 0
BOEING CO COM 097023105 11,114 87,351 SH   DFND 1 87,351 0 0
BROADCOM CORP CL A 111320107 281 7,559 SH   DFND 1 7,559 0 0
CENTRAL GOLDTRUST TR UNIT 153546106 1,990 41,922 SH   DFND 1 41,922 0 0
CHENIERE ENERGY INC COM NEW 16411R208 11,307 157,700 SH   DFND 1 157,700 0 0
CHENIERE ENERGY PTNRS LP HLD COM REP LLC IN 16411W108 19,600 789,035 SH   DFND 1 789,035 0 0
CHESAPEAKE ENERGY CORP COM 165167107 331 10,646 SH   DFND 1 10,646 0 0
CHIMERA INVT CORP COM 16934Q109 129 40,502 SH   DFND 1 40,502 0 0
CIGNA CORPORATION COM 125509109 211 2,291 SH   DFND 1 2,291 0 0
CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 1,432 175,019 SH   DFND 1 175,019 0 0
CLIFFS NAT RES INC COM 18683K101 258 17,161 SH   DFND 1 17,161 0 0
COCA COLA CO COM 191216100 682 16,100 SH   DFND 1 16,100 0 0
COLFAX CORP COM 194014106 228 3,056 SH   DFND 1 3,056 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 6,336 240,716 SH   DFND 1 240,716 0 0
CONAGRA FOODS INC COM 205887102 8,927 300,771 SH   DFND 1 300,771 0 0
CONSTELLATION BRANDS INC CL A 21036P108 2,441 27,703 SH   DFND 1 27,703 0 0
COVIDIEN PLC SHS G2554F113 27,054 300,000 SH   DFND 1 300,000 0 0
CVS CAREMARK CORPORATION COM 126650100 9,598 127,346 SH   DFND 1 127,346 0 0
DANAHER CORP DEL COM 235851102 495 6,282 SH   DFND 1 6,282 0 0
DARDEN RESTAURANTS INC COM 237194105 294 6,360 SH   DFND 1 6,360 0 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 21,722 300,361 SH   DFND 1 300,361 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 2,969 76,670 SH   DFND 1 76,670 0 0
DIRECTV COM 25490A309 12,752 150,000 SH   DFND 1 150,000 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 15,771 217,266 SH   DFND 1 217,266 0 0
DISH NETWORK CORP CL A 25470M109 19,524 300,000 SH   DFND 1 300,000 0 0
DOLLAR GEN CORP NEW COM 256677105 255 4,442 SH   DFND 1 4,442 0 0
DOVER CORP COM 260003108 18,847 207,223 SH   DFND 1 207,223 0 0
ELLINGTON FINANCIAL LLC COM 288522303 345 14,373 SH   DFND 1 14,373 0 0
EMERSON ELEC CO COM 291011104 1,867 28,133 SH   DFND 1 28,133 0 0
ENDO INTL PLC SHS G30401106 238 3,403 SH   DFND 1 3,403 0 0
ENGILITY HLDGS INC COM 29285W104 225 5,879 SH   DFND 1 5,879 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 23,960 345,596 SH   DFND 1 345,596 0 0
FEDEX CORP COM 31428X106 266 1,757 SH   DFND 1 1,757 0 0
FIDELITY NATIONAL FINANCIAL CL A 31620R105 7,224 220,500 SH   DFND 1 220,500 0 0
FIFTH STREET FINANCE CORP COM 31678A103 554 56,319 SH   DFND 1 56,319 0 0
FISERV INC COM 337738108 13,623 225,842 SH   DFND 1 225,842 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 421 4,500 SH   DFND 1 4,500 0 0
FOREST LABS INC COM 345838106 28,710 290,000 SH   DFND 1 290,000 0 0
FOSTER WHEELER AG COM H27178104 218 6,402 SH   DFND 1 6,402 0 0
GARRISON CAP INC COM 366554103 203 13,265 SH   DFND 1 13,265 0 0
GENERAL DYNAMICS CORP COM 369550108 13,778 118,218 SH   DFND 1 118,218 0 0
GENERAL MLS INC COM 370334104 8,174 155,586 SH   DFND 1 155,586 0 0
GLADSTONE CAPITAL CORP COM 376535100 135 13,431 SH   DFND 1 13,431 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 9,975 186,519 SH   DFND 1 186,519 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 3,056 246,440 SH   DFND 1 246,440 0 0
HALLIBURTON CO COM 406216101 429 6,048 SH   DFND 1 6,048 0 0
HOME DEPOT INC COM 437076102 3,952 48,813 SH   DFND 1 48,813 0 0
HOME LN SERVICING SOLUTIONS ORD SHS G6648D109 392 17,235 SH   DFND 1 17,235 0 0
INGERSOLL-RAND PLC SHS G47791101 259 4,144 SH   DFND 1 4,144 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,102 6,078 SH   DFND 1 6,078 0 0
ISHARES TIPS BD ETF 464287176 231 2,000 SH   DFND 1 2,000 0 0
ISHARES SHT NTLAMTFR ETF 464288158 3,698 34,800 SH   DFND 1 34,800 0 0
ISHARES MSCI ACWI ETF 464288257 8,804 146,098 SH   DFND 1 146,098 0 0
JOHNSON & JOHNSON COM 478160104 2,453 23,450 SH   DFND 1 23,450 0 0
JUNIPER NETWORKS INC COM 48203R104 314 12,796 SH   DFND 1 12,796 0 0
KINDER MORGAN MANAGEMENT LLC SHS 49455U100 920 11,656 SH   DFND 1 11,656 0 0
KIRBY CORP COM 497266106 3,282 28,015 SH   DFND 1 28,015 0 0
KRAFT FOODS GROUP INC COM 50076Q106 210 3,503 SH   DFND 1 3,503 0 0
LEGG MASON INC COM 524901105 428 8,332 SH   DFND 1 8,332 0 0
LENNAR CORP CL A 526057104 398 9,487 SH   DFND 1 9,487 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 266 6,290 SH   DFND 1 6,290 0 0
LOCKHEED MARTIN CORP COM 539830109 8,341 51,895 SH   DFND 1 51,895 0 0
LOWES COS INC COM 548661107 8,019 167,097 SH   DFND 1 167,097 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 269 2,754 SH   DFND 1 2,754 0 0
MACYS INC COM 55616P104 278 4,785 SH   DFND 1 4,785 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 284 3,555 SH   DFND 1 3,555 0 0
MARTIN MARIETTA MATLS INC COM 573284106 25,781 195,236 SH   DFND 1 195,236 0 0
MCG CAPITAL CORP COM 58047P107 522 133,081 SH   DFND 1 133,081 0 0
MCGRAW HILL FINL INC COM 580645109 14,464 174,200 SH   DFND 1 174,200 0 0
MCKESSON CORP COM 58155Q103 23,165 124,404 SH   DFND 1 124,404 0 0
MEDLEY CAP CORP COM 58503F106 205 15,664 SH   DFND 1 15,664 0 0
MICROSOFT CORP COM 594918104 710 17,027 SH   DFND 1 17,027 0 0
MOLSON COORS BREWING CO CL B 60871R209 15,989 215,604 SH   DFND 1 215,604 0 0
MONSANTO CO NEW COM 61166W101 16,504 132,306 SH   DFND 1 132,306 0 0
MOODYS CORP COM 615369105 10,982 125,277 SH   DFND 1 125,277 0 0
MURPHY USA INC COM 626755102 214 4,369 SH   DFND 1 4,369 0 0
NABORS INDUSTRIES LTD SHS G6359F103 524 17,853 SH   DFND 1 17,853 0 0
NAVIENT CORP COM 63938C108 12,397 700,000 SH   DFND 1 700,000 0 0
NEW RESIDENTIAL INVT CORP COM 64828T102 354 56,166 SH   DFND 1 56,166 0 0
NEXTERA ENERGY INC COM 65339F101 20,896 203,899 SH   DFND 1 203,899 0 0
NOVAGOLD RES INC COM NEW 66987E206 56 13,185 SH   DFND 1 13,185 0 0
OMNICARE INC COM 681904108 24,964 375,000 SH   DFND 1 375,000 0 0
ORACLE CORP COM 68389X105 13,431 331,396 SH   DFND 1 331,396 0 0
PENNANTPARK FLOATING RATE CA COM 70806A106 1,347 94,288 SH   DFND 1 94,288 0 0
PENNEY J C INC COM 708160106 385 42,584 SH   DFND 1 42,584 0 0
PENNYMAC MTG INVT TR COM 70931T103 223 10,147 SH   DFND 1 10,147 0 0
PHILLIPS 66 COM 718546104 209 2,603 SH   DFND 1 2,603 0 0
PIMCO ETF TR 1-5 US TIP IDX 72201R205 7,554 141,013 SH   DFND 1 141,013 0 0
PIMCO ETF TR BROAD US TIPS 72201R403 583 10,023 SH   DFND 1 10,023 0 0
PIMCO ETF TR TOTL RETN ETF 72201R775 4,444 40,769 SH   DFND 1 40,769 0 0
PIONEER NAT RES CO COM 723787107 333 1,450 SH   DFND 1 1,450 0 0
POST HLDGS INC COM 737446104 203 3,987 SH   DFND 1 3,987 0 0
PRESTIGE BRANDS HLDGS INC COM 74112D101 24,328 717,850 SH   DFND 1 717,850 0 0
PRICELINE GRP INC COM NEW 741503403 2,464 2,048 SH   DFND 1 2,048 0 0
PROSPECT CAPITAL CORPORATION COM 74348T102 861 80,993 SH   DFND 1 80,993 0 0
QEP RES INC COM 74733V100 331 9,590 SH   DFND 1 9,590 0 0
QUALCOMM INC COM 747525103 23,949 302,381 SH   DFND 1 302,381 0 0
RADIO ONE INC CL D NON VTG 75040P405 4,818 977,300 SH   DFND 1 977,300 0 0
RITE AID CORP COM 767754104 271 37,783 SH   DFND 1 37,783 0 0
SAFEWAY INC COM NEW 786514208 321 9,354 SH   DFND 1 9,354 0 0
SANDISK CORP COM 80004C101 345 3,303 SH   DFND 1 3,303 0 0
SCHWAB CHARLES CORP NEW COM 808513105 2,800 103,975 SH   DFND 1 103,975 0 0
SHIRE PLC SPONSORED ADR 82481R106 23,549 100,000 SH   DFND 1 100,000 0 0
SIGNET JEWELERS LIMITED SHS G81276100 303 2,743 SH   DFND 1 2,743 0 0
SMITH & NEPHEW PLC SPDN ADR NEW 83175M205 13,392 150,000 SH   DFND 1 150,000 0 0
SOLAR CAP LTD COM 83413U100 532 24,980 SH   DFND 1 24,980 0 0
SOLAR SR CAP LTD COM 83416M105 1,858 110,066 SH   DFND 1 110,066 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 461 3,600 SH   DFND 1 3,600 0 0
SPDR SERIES TRUST NUVN BR SHT MUNI 78464A425 3,699 152,050 SH   DFND 1 152,050 0 0
SPDR SERIES TRUST DB INT GVT ETF 78464A490 2,705 43,625 SH   DFND 1 43,625 0 0
SUNCOKE ENERGY INC COM 86722A103 21,500 1,000,000 SH   DFND 1 1,000,000 0 0
SUNEDISON INC COM 86732Y109 5,650 250,000 SH   DFND 1 250,000 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 260 5,531 SH   DFND 1 5,531 0 0
THE ADT CORPORATION COM 00101J106 393 11,256 SH   DFND 1 11,256 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 2,513 21,295 SH   DFND 1 21,295 0 0
TICC CAPITAL CORP COM 87244T109 200 20,250 SH   DFND 1 20,250 0 0
TIME WARNER INC COM NEW 887317303 246 3,503 SH   DFND 1 3,503 0 0
T-MOBILE US INC COM 872590104 13,448 400,000 SH   DFND 1 400,000 0 0
TRIPADVISOR INC COM 896945201 244 2,245 SH   DFND 1 2,245 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 2,617 74,442 SH   DFND 1 74,442 0 0
TWO HBRS INVT CORP COM 90187B101 173 16,503 SH   DFND 1 16,503 0 0
TYCO INTERNATIONAL LTD SHS H89128104 27,360 600,000 SH   DFND 1 600,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,768 17,224 SH   DFND 1 17,224 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 5,293 41,970 SH   DFND 1 41,970 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 611 7,600 SH   DFND 1 7,600 0 0
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 3,848 58,028 SH   DFND 1 58,028 0 0
VIACOM INC NEW CL B 92553P201 21,789 251,224 SH   DFND 1 251,224 0 0
WALGREEN CO COM 931422109 17,457 235,491 SH   DFND 1 235,491 0 0
WHITEHORSE FIN INC COM 96524V106 206 14,405 SH   DFND 1 14,405 0 0
WHITEWAVE FOODS CO COM CL A 966244105 265 8,183 SH   DFND 1 8,183 0 0
WILLIAMS COS INC DEL COM 969457100 484 8,309 SH   DFND 1 8,309 0 0
WPX ENERGY INC COM 98212B103 576 24,102 SH   DFND 1 24,102 0 0