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
EQT Midstream Partners LP COM 26885B100 879 12,020 SH   SOLE   0 0 12,020
Energy Transfer Equity LP COM 29273V100 714 41,360 SH   SOLE   0 0 41,360
Enterprise Prod Partners COM 293792107 2,517 94,950 SH   SOLE   0 0 94,950
Kinder Morgan Inc. COM 49456b101 660 36,530 SH   SOLE   0 0 36,530
Magellan Midstream Partners, L COM 559080106 3,424 48,272 SH   SOLE   0 0 48,272
NRG Yield, Inc.Class C COM 62942X405 2,306 122,010 SH   SOLE   0 0 122,010
NextEra Energy Partners COM 65341b106 5,185 120,283 SH   SOLE   0 0 120,283
NextEra Energy, Inc. COM 65339F101 1,171 7,500 SH   SOLE   0 0 7,500
Pattern Energy Group, Inc. Cla COM 70338p100 3,541 164,794 SH   SOLE   0 0 164,794
Resource Capital COM 76120W708 465 49,644 SH   SOLE   0 0 49,644
Sempra Energy COM 816851109 1,007 9,420 SH   SOLE   0 0 9,420
Teekay LNG Partners COM y8564m105 426 21,156 SH   SOLE   0 0 21,156
Williams Companies Inc COM 969457100 1,178 38,620 SH   SOLE   0 0 38,620
Abbott Laboratories COM 002824100 1,358 23,790 SH   SOLE   0 0 23,790
Accenture PLC COM g1151c101 358 2,340 SH   SOLE   0 0 2,340
Alphabet, Inc. Cl A COM 02079k305 1,464 1,390 SH   SOLE   0 0 1,390
Amazon.com Inc. COM 023135106 1,485 1,270 SH   SOLE   0 0 1,270
American Airlines Group COM 02376r102 462 8,870 SH   SOLE   0 0 8,870
Apple Computer COM 037833100 1,809 10,690 SH   SOLE   0 0 10,690
Bancorp Inc COM 05969a105 1,124 113,813 SH   SOLE   0 0 113,813
Bank of America COM 060505104 2,006 67,940 SH   SOLE   0 0 67,940
Blackstone Group COM 09253U108 718 22,410 SH   SOLE   0 0 22,410
Carnival Corporation COM 143658300 1,183 17,830 SH   SOLE   0 0 17,830
Citigroup COM 172967424 2,220 29,840 SH   SOLE   0 0 29,840
Delta Airlines COM 247361702 1,480 26,430 SH   SOLE   0 0 26,430
DowDuPont COM 26078j100 1,583 22,230 SH   SOLE   0 0 22,230
Facebook COM 30303M102 1,636 9,270 SH   SOLE   0 0 9,270
Fedex COM 31428x106 2,588 10,370 SH   SOLE   0 0 10,370
Glencore PC ADR COM 37827X100 1,632 156,800 SH   SOLE   0 0 156,800
Home Depot COM 437076102 859 4,530 SH   SOLE   0 0 4,530
International Paper COM 460146103 1,200 20,710 SH   SOLE   0 0 20,710
J.P. Morgan Chase COM 46625h100 3,592 33,590 SH   SOLE   0 0 33,590
Johnson & Johnson COM 478160104 2,839 20,320 SH   SOLE   0 0 20,320
KKR & Co. LP COM 48248M102 486 23,080 SH   SOLE   0 0 23,080
Microsoft COM 594918104 1,644 19,220 SH   SOLE   0 0 19,220
Morgan Stanley COM 617446448 845 16,110 SH   SOLE   0 0 16,110
Pepsico COM 713448108 728 6,070 SH   SOLE   0 0 6,070
Royal Caribbean Cruise Ltd. COM v7780t103 1,142 9,570 SH   SOLE   0 0 9,570
Royal Dutch Shell COM 780259206 433 6,490 SH   SOLE   0 0 6,490
SPDR S&P Oil & Gas Equipment S COM 78464A748 857 50,020 SH   SOLE   0 0 50,020
Schlumberger COM 806857108 430 6,380 SH   SOLE   0 0 6,380
Southwest Airlines COM 844741108 910 13,900 SH   SOLE   0 0 13,900
Visa COM 92826c839 2,823 24,760 SH   SOLE   0 0 24,760