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
3m Company COM 88579y101 326 2,400 SH   SOLE   0 0 2,400
Abbott Laboratories COM 002824100 513 13,334 SH   SOLE   0 0 13,334
Abbvie Inc COM 00287y109 685 13,334 SH   SOLE   0 0 13,334
American Express Company COM 025816109 5,156 57,274 SH   SOLE   0 0 57,274
American Intl Group New COM 026874784 2,070 41,390 SH   SOLE   0 0 41,390
Apple Inc COM 037833100 1,000 1,863 SH   SOLE   0 0 1,863
Atlas Resource Partners COM 04941A101 213 10,214 SH   SOLE   0 0 10,214
Automatic Data Processing COM 053015103 255 3,300 SH   SOLE   0 0 3,300
BPost COM b1306v108 2,603 116,200 SH   SOLE   0 0 116,200
Bombardier Inc-Cl B COM 097751200 2,203 593,175 SH   SOLE   0 0 593,175
Borg Warner Inc COM 099724106 710 11,550 SH   SOLE   0 0 11,550
Capital One Financial Cp COM 14040h105 2,415 31,300 SH   SOLE   0 0 31,300
Chevron Corporation COM 166764100 234 1,970 SH   SOLE   0 0 1,970
Cogent Commun Group New COM 19239V302 2,225 62,625 SH   SOLE   0 0 62,625
Constellium N.V. COM NL0010489 3,718 126,690 SH   SOLE   0 0 126,690
Costco Whsl Corp New COM 22160K105 7,034 62,988 SH   SOLE   0 0 62,988
Deere & Co COM 244199105 5,442 59,936 SH   SOLE   0 0 59,936
Directv COM 25490A309 9,150 119,730 SH   SOLE   0 0 119,730
Education Holdings 1 Xxx Bankr COM 28141c104 0 18,550 SH   SOLE   0 0 18,550
Enterprise Prd Prtnrs LP COM 293792107 3,976 57,318 SH   SOLE   0 0 57,318
Equifax Inc COM 294429105 218 3,200 SH   SOLE   0 0 3,200
Esterline Technologies Corp COM 297425100 2,512 23,580 SH   SOLE   0 0 23,580
Exxon Mobil Corporation COM 30231g102 1,746 17,874 SH   SOLE   0 0 17,874
Fidelity Natl Info Svcs COM 31620m106 201 3,762 SH   SOLE   0 0 3,762
Ford Motor Company New COM 345370860 156 10,000 SH   SOLE   0 0 10,000
Gaslog Ltd F COM g37585109 978 42,000 SH   SOLE   0 0 42,000
General Electric Company COM 369604103 702 27,121 SH   SOLE   0 0 27,121
Google Inc Class C COM 38259P706 2,223 1,995 SH   SOLE   0 0 1,995
Hospira COM 441060100 4,397 101,675 SH   SOLE   0 0 101,675
Howard Hughes Corp COM 44267D107 1,398 9,797 SH   SOLE   0 0 9,797
Intl Business Machines COM 459200101 6,060 31,480 SH   SOLE   0 0 31,480
J M Smucker Co New COM 832696405 3,645 37,483 SH   SOLE   0 0 37,483
Johnson & Johnson COM 478160104 271 2,761 SH   SOLE   0 0 2,761
KKR & Co LP COM 48248M102 4,058 177,675 SH   SOLE   0 0 177,675
Kirby Corporation COM 497266106 405 4,000 SH   SOLE   0 0 4,000
Kratos Def & Sec Sol New COM 50077b207 1,850 245,300 SH   SOLE   0 0 245,300
Lockheed Martin Corp COM 539830109 716 4,388 SH   SOLE   0 0 4,388
Mastercard Inc COM 57636q104 1,509 20,200 SH   SOLE   0 0 20,200
Mfc Industrial Ltd F COM 55278T105 467 58,825 SH   SOLE   0 0 58,825
Mine Safety Inc. COM 602720104 5,333 93,567 SH   SOLE   0 0 93,567
National Oilwell Varco COM 637071101 4,727 60,710 SH   SOLE   0 0 60,710
Norfolk Southern Corp COM 655844108 729 7,500 SH   SOLE   0 0 7,500
Novo-Nordisk A-S Adr F 1 Adr R COM 670100205 3,046 66,730 SH   SOLE   0 0 66,730
Pfizer Incorporated COM 717081103 251 7,810 SH   SOLE   0 0 7,810
Phillips 66 COM 718546104 4,038 52,395 SH   SOLE   0 0 52,395
Procter & Gamble COM 742718109 915 11,356 SH   SOLE   0 0 11,356
R A I T Financial Tr New COM 749227609 380 44,792 SH   SOLE   0 0 44,792
Resource Amer Inc Cl A COM 761195205 527 61,475 SH   SOLE   0 0 61,475
Royal Dutch Shell Plc Adr COM 780259206 338 4,631 SH   SOLE   0 0 4,631
Semgroup Corp COM 81663a105 751 11,430 SH   SOLE   0 0 11,430
Starbucks Corp COM 855244109 3,848 52,442 SH   SOLE   0 0 52,442
Teva Pharm Inds Ltd Adrf Spons COM 881624209 5,642 106,779 SH   SOLE   0 0 106,779
Tribune Co New Class A COM 896047503 3,722 46,730 SH   SOLE   0 0 46,730
U S Bancorp Del New COM 902973304 224 5,225 SH   SOLE   0 0 5,225
United Parcel Service B Class COM 911312106 4,929 50,618 SH   SOLE   0 0 50,618
United Technologies Corp COM 913017109 460 3,940 SH   SOLE   0 0 3,940
Viacom Inc Cl B New COM 92553P201 6,542 76,975 SH   SOLE   0 0 76,975
Visa Inc Cl A Class A COM 92826C839 13,920 64,484 SH   SOLE   0 0 64,484
Voya Financial Inc. COM 929089100 2,087 57,540 SH   SOLE   0 0 57,540