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
AcadiaPharmaceuticals COM 004255108 3,429 105,205 SH   SOLE   105,205 0 0
AlcoaInc COM 013817101 502 38,872 SH   SOLE   38,872 0 0
AmbacFinlGroupNew COM 023139884 6,597 272,589 SH   SOLE   272,589 0 0
AppleInc Com 037833100 302 2,428 SH   SOLE   2,428 0 0
ArcelormittalSa Mand CV NT 16 L0302D178 300 20,000 SH   SOLE   20,000 0 0
AresComlRealEstate Com 04013v108 1,101 99,667 SH   SOLE   99,667 0 0
BankOfAmericaCorp Com 060505104 3,526 229,103 SH   SOLE   229,103 0 0
BellicumPharmaceuticals COM 079481107 393 16,950 SH   SOLE   16,950 0 0
BerkshireHathawayClB Cl B New 084670702 914 6,335 SH   SOLE   6,335 0 0
BoeingCo COM 097023105 5,748 38,301 SH   SOLE   38,301 0 0
CalumetSpecialtyProd UT LTD Partner 131476103 1,059 44,039 SH   SOLE   44,039 0 0
CatalystPharmaPartners Com 14888U101 458 105,700 SH   SOLE   105,700 0 0
CerusCorp Com 157085101 371 89,000 SH   SOLE   89,000 0 0
CiscoSystemsInc Com 17275R102 777 28,221 SH   SOLE   28,221 0 0
CitigroupInc Com 172967954 3,272 63,501 SH   SOLE   63,501 0 0
CompassDiversifiedHldg Sh Ben Int 20451Q104 1,140 66,650 SH   SOLE   66,650 0 0
DelekLogisticsLp Com Unt RP Int 24664T103 348 8,000 SH   SOLE   8,000 0 0
DirectvGroupInc Com 25490A309 1,759 20,667 SH   SOLE   20,667 0 0
DisneyWaltHldgCo COM Disney 254687106 331 3,157 SH   SOLE   3,157 0 0
EarthlinkHoldingsCorp Com 270321102 5,017 1,129,966 SH   SOLE   1,129,966 0 0
ExxonMobilCorporation Com 30231G102 232 2,726 SH   SOLE   2,726 0 0
FifthStreetFinanceCp Com 31678A103 419 57,448 SH   SOLE   57,448 0 0
FlyLeasingLtdAdr Sponsored ADR 34407D109 1,042 71,577 SH   SOLE   71,577 0 0
FordMotorCompany Com Par $0.01 345370860 229 14,200 SH   SOLE   14,200 0 0
Gaming&LeisurePptys Com 36467J108 1,203 32,640 SH   SOLE   32,640 0 0
GannettCoIncDel Com 364730101 496 13,375 SH   SOLE   13,375 0 0
GeneralElectricCompany Com 369604103 6,284 253,271 SH   SOLE   253,271 0 0
GileadSciencesInc Com 375558103 6,312 64,322 SH   SOLE   64,322 0 0
GoldcorpIncNew Com 380956409 8,672 478,587 SH   SOLE   478,587 0 0
GoldmanSachsBdcInc SHS 38147U107 517 25,035 SH   SOLE   25,035 0 0
GoldmanSachsGroupInc Com 38141G104 410 2,180 SH   SOLE   2,180 0 0
GoogleIncClassA CL A 38259P508 6,007 10,830 SH   SOLE   10,830 0 0
HalliburtonCoHldgCo Com 406216101 224 5,100 SH   SOLE   5,100 0 0
Hewlett-PackardCompany Com 428236103 335 10,752 SH   SOLE   10,752 0 0
Hi-CrushPartnersLp Com Unit Ltd 428337109 677 19,294 SH   SOLE   19,294 0 0
IntelCorp Com 458140100 725 23,175 SH   SOLE   23,175 0 0
IsharesTrMsciEafeFd MSCI EAFE ETF 464287465 411 6,405 SH   SOLE   6,405 0 0
Johnson&Johnson Com 478160104 256 2,545 SH   SOLE   2,545 0 0
Merck&CoInc Com 58933Y105 330 5,736 SH   SOLE   5,736 0 0
MicrosoftCorp Com 594918104 1,831 45,048 SH   SOLE   45,048 0 0
NationstarMortgageHoldings Com 63861C109 272 10,975 SH   SOLE   10,975 0 0
NaviosMaritimeAcqstn SHS Y62159101 641 180,934 SH   SOLE   180,934 0 0
NaviosMaritimePtnrs Unit LPI Y62267102 1,021 91,677 SH   SOLE   91,677 0 0
NewMediaInvGrpInc Com 64704V106 6,128 256,078 SH   SOLE   256,078 0 0
NewResidentialInvCorp Com 64828T102 8,508 566,054 SH   SOLE   566,054 0 0
NewSeniorInvGrpInc Com 648691103 11,555 694,822 SH   SOLE   694,822 0 0
NorthstarRealtyFinCp Com 66704R100 18,353 1,012,839 SH   SOLE   1,012,839 0 0
PennantparkCapLtd Com 70806A106 575 40,999 SH   SOLE   40,999 0 0
PennantparkInvtCorp Com 708062104 452 49,955 SH   SOLE   49,955 0 0
PfizerIncorporated Com 717081103 1,191 34,224 SH   SOLE   34,224 0 0
PimcoTotalReturnETF TTL RTN ACTV ETF 72201R775 557 5,057 SH   SOLE   5,057 0 0
PitneyBowesInc Com 724479100 6,951 298,055 SH   SOLE   298,055 0 0
PromotoraDeInfoAdrAf ADR Cl A Shs 74343G204 1,503 1,231,895 SH   SOLE   1,231,895 0 0
ProshsUltraOil&Gas PSHS Ultra O&G 74347R719 382 7,534 SH   SOLE   7,534 0 0
SchwUSLCapEtf US LRG CAP ETF 808524201 12,612 254,436 SH   SOLE   254,436 0 0
SeaspanCorp SHS Y75638109 708 38,800 SH   SOLE   38,800 0 0
SeattleGeneticsInc Com 812578102 3,683 104,175 SH   SOLE   104,175 0 0
SectorSpdrFinclSelect SBI INT-Finl 81369Y605 6,270 260,045 SH   SOLE   260,045 0 0
SectorSpdrHealthFund SBI Healthcare 81369Y209 5,725 78,970 SH   SOLE   78,970 0 0
SectorSpdrTechSelect Technology 81369Y803 6,338 152,940 SH   SOLE   152,940 0 0
ShirePlcAdr Sponsored ADR 82481R106 4,060 16,968 SH   SOLE   16,968 0 0
SolarCapitalLtd Com 83413U100 517 25,540 SH   SOLE   25,540 0 0
SolarSeniorCapital Com 83416M105 392 24,330 SH   SOLE   24,330 0 0
SpdrS&P500 TR Unit 78462F103 754 3,652 SH   SOLE   3,652 0 0
StarwoodPptyTRUSTInc Com 85571B105 11,477 472,307 SH   SOLE   472,307 0 0
SynagevaBiopharmaCorp Com 87189A103 533 5,465 SH   SOLE   5,465 0 0
TeekayCorp Com Y8564W103 979 21,024 SH   SOLE   21,024 0 0
TeekayLngPartnersLPF Partnership Units Y8564M105 698 18,685 SH   SOLE   18,685 0 0
TeekayOffshorePartners Partnership Un Y8565J101 5,507 260,888 SH   SOLE   260,888 0 0
TeekayTankersLtdClAf CL A Y8565N102 9,927 1,729,479 SH   SOLE   1,729,479 0 0
TronoxLtdClassA SHS CL A Q9235V102 10,604 521,610 SH   SOLE   521,610 0 0
TwoHarborsInvestment Com 90187B101 7,803 734,700 SH   SOLE   734,700 0 0
VisaIncClA Com CL A 92826C839 1,529 23,374 SH   SOLE   23,374 0 0
VistaOutdoorInc COM 928377100 373 8,720 SH   SOLE   8,720 0 0
WellsFargo&CoNew COM 949746101 202 3,709 SH   SOLE   3,709 0 0
WindstreamHldgsInc COM 97381A101 1,196 161,605 SH   SOLE   161,605 0 0
XenoportInc Com 98411C100 554 77,750 SH   SOLE   77,750 0 0
Yahoo!Inc COM 984332106 7,053 158,733 SH   SOLE   158,733 0 0