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
8point3 Energy Partners, LP COM 282539105 779 53,010 SH   SOLE   0 0 53,010
Energy Transfer Equity LP COM 29273V100 295 41,360 SH   SOLE   0 0 41,360
Enterprise Prod Partners COM 293792107 2,338 94,950 SH   SOLE   0 0 94,950
Magellan Midstream Partners, L COM 559080106 3,321 48,272 SH   SOLE   0 0 48,272
NRG Yield, Inc.Class C COM 62942X405 728 51,130 SH   SOLE   0 0 51,130
Next Era Energy Partners COM 65341b106 3,270 120,283 SH   SOLE   0 0 120,283
NextEra Energy, Inc. COM 65339F101 1,792 15,140 SH   SOLE   0 0 15,140
Pattern Energy Group, Inc. Cla COM 70338p100 1,902 99,740 SH   SOLE   0 0 99,740
Plains All American Pipeline L COM 726503105 301 14,368 SH   SOLE   0 0 14,368
Resource Capital COM 76120W708 558 49,644 SH   SOLE   0 0 49,644
Sempra Energy COM 816851109 1,886 18,130 SH   SOLE   0 0 18,130
Spectra Energy COM 847560109 425 13,880 SH   SOLE   0 0 13,880
Spectra Energy Partners LP COM 84756n109 797 16,560 SH   SOLE   0 0 16,560
Affiliated Managers Group, Inc COM 008252108 1,208 7,440 SH   SOLE   0 0 7,440
Alaska Airlines COM 011659109 835 10,180 SH   SOLE   0 0 10,180
Allergan Inc. COM G0177J108 2,447 9,130 SH   SOLE   0 0 9,130
Alphabet, Inc. Cl A COM 02079k305 1,587 2,080 SH   SOLE   0 0 2,080
Amazon.com Inc. COM 023135106 790 1,330 SH   SOLE   0 0 1,330
American Airlines Group COM 02376r102 812 19,810 SH   SOLE   0 0 19,810
American Intl. Group COM 026874784 899 16,630 SH   SOLE   0 0 16,630
Apple Computer COM 037833100 1,611 14,780 SH   SOLE   0 0 14,780
Bancorp Inc COM 05969a105 651 113,813 SH   SOLE   0 0 113,813
CVS Health Corp COM 126650100 908 8,750 SH   SOLE   0 0 8,750
Citigroup COM 172967424 858 20,550 SH   SOLE   0 0 20,550
Danaher Corp COM 235851102 1,841 19,410 SH   SOLE   0 0 19,410
Delta Airlines COM 247361702 1,624 33,370 SH   SOLE   0 0 33,370
Facebook COM 30303M102 938 8,220 SH   SOLE   0 0 8,220
Home Depot COM 437076102 1,497 11,220 SH   SOLE   0 0 11,220
J.P. Morgan Chase COM 46625h100 2,006 33,870 SH   SOLE   0 0 33,870
Johnson & Johnson COM 478160104 2,847 26,310 SH   SOLE   0 0 26,310
MasterCard Inc. COM 57636q104 1,005 10,635 SH   SOLE   0 0 10,635
McCormick & Co. COM 579780206 765 7,690 SH   SOLE   0 0 7,690
Medtronic COM G5960L103 1,603 21,375 SH   SOLE   0 0 21,375
Microsoft COM 594918104 1,678 30,380 SH   SOLE   0 0 30,380
Nestle Spons ADR COM 641069406 2,555 34,055 SH   SOLE   0 0 34,055
Nielsen Holdings PLC COM G6518L108 1,332 25,290 SH   SOLE   0 0 25,290
Southwest Airlines COM 844741108 520 11,600 SH   SOLE   0 0 11,600
Thermo Fisher Scientific COM 883556102 1,762 12,445 SH   SOLE   0 0 12,445
United Continental Holdings, I COM 910047109 1,301 21,730 SH   SOLE   0 0 21,730
Visa COM 92826c839 655 8,570 SH   SOLE   0 0 8,570