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
ALTRIA GROUP COM 02209S103 4,574 84,088 SH   SOLE   0 0 84,088
AMERICAN INTERNATIONAL GROUP COM NEW 26874784 2,443 42,989 SH   SOLE   0 0 42,989
ANHEUSER BUSCH CO INC SPONSORED ADR 03524A108 2,455 23,087 SH   SOLE   0 0 23,087
ANTHEM INC COM 36752103 2,831 20,220 SH   SOLE   0 0 20,220
AON PLC SHS CL A G0408V102 1,088 12,280 SH   SOLE   0 0 12,280
APPLE INC COM 37833100 4,722 42,808 SH   SOLE   0 0 42,808
BANK OF AMERICA COM 60505104 3,346 214,786 SH   SOLE   0 0 214,786
BERKSHIRE HATHAWAY INC DEL CL B 84670702 7,379 56,584 SH   SOLE   0 0 56,584
BERKSHIRE HATHAWAY INC DEL CL A 84670108 4,491 23 SH   SOLE   0 0 23
BRITISH PETROLEUM PLC SPONSORED ADR 55622104 1,271 41,598 SH   SOLE   0 0 41,598
CATERPILLAR INC DEL COM 149123101 549 8,402 SH   SOLE   0 0 8,402
CHESAPEAKE ENERGY CORP COM 165167107 4,554 621,222 SH   SOLE   0 0 621,222
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 1,776 29,851 SH   SOLE   0 0 29,851
CISCO SYS INC COM 17275R102 3,872 147,519 SH   SOLE   0 0 147,519
CITIGROUP INC COM NEW 172967424 2,737 55,179 SH   SOLE   0 0 55,179
COMCAST CORP CLASS A CL A 20030N101 4,516 79,402 SH   SOLE   0 0 79,402
CVS HEALTH CORP COM 126650100 2,505 25,965 SH   SOLE   0 0 25,965
DANAHER CORP DEL COM 235851102 583 6,839 SH   SOLE   0 0 6,839
EOG RESOURCES INC COM 26875P101 1,475 20,255 SH   SOLE   0 0 20,255
EMC CORPORATION MASS COM 268648102 2,595 107,400 SH   SOLE   0 0 107,400
ENBRIDGE ENERGY MANAGEMENT LLC SHS UNITS LLI 29250X103 769 32,329 SH   SOLE   0 0 32,329
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 821 33,202 SH   SOLE   0 0 33,202
ENERGY TRANSFER PARTNERS UNITS REP L UNIT LTD PARTN 29273R109 2,821 68,690 SH   SOLE   0 0 68,690
ENSCO PLC SHS CLASS A G3157S106 1,060 75,290 SH   SOLE   0 0 75,290
EXXON MOBIL CORP COM 30231G102 304 4,093 SH   SOLE   0 0 4,093
FLY LEASING LTD SPONSORED ADR 34407D109 621 47,077 SH   SOLE   0 0 47,077
FOOT LOCKER INC COM 344849104 847 11,773 SH   SOLE   0 0 11,773
FREEPORT MCMORAN INC CL B 35671D857 1,112 114,726 SH   SOLE   0 0 114,726
GOLDMAN SACHS GROUP INC COM 38141G104 3,009 17,318 SH   SOLE   0 0 17,318
GOOGLE INC CL A 38259P508 2,147 3,364 SH   SOLE   0 0 3,364
GOOGLE INC CL C 38259P706 1,592 2,616 SH   SOLE   0 0 2,616
HILLENBRAND INC COM 431571108 259 9,946 SH   SOLE   0 0 9,946
HILL ROM HLDGS INC COM 431475102 764 14,700 SH   SOLE   0 0 14,700
INTERDIGITAL INC COM 45867G101 497 9,820 SH   SOLE   0 0 9,820
INTERNATIONAL BUSINESS MACHS COM 459200101 217 1,497 SH   SOLE   0 0 1,497
IRIDIUM COMMUNICATIONS INC. COM 46269C102 800 130,018 SH   SOLE   0 0 130,018
ISHARES DOW JONES US TECHNOLOGY US TECH ETF 464287721 334 3,380 SH   SOLE   0 0 3,380
KINDER MORGAN INC DEL COM 49456B101 2,800 101,158 SH   SOLE   0 0 101,158
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 238 26,268 SH   SOLE   0 0 26,268
MICROSOFT CORP COM 594918104 5,554 125,479 SH   SOLE   0 0 125,479
NOBLE CORP PLC SHS USD G65431901 181 16,560 SH   SOLE   0 0 16,560
OAKTREE CAPITAL GROUP LLC UNIT CL A 674001201 1,621 32,755 SH   SOLE   0 0 32,755
OCCIDENTAL PETE CORP DEL COM 674599105 3,493 52,806 SH   SOLE   0 0 52,806
ORACLE CORPORATION COM 68389X105 1,333 36,915 SH   SOLE   0 0 36,915
OREXIGEN THERAPEUTICS INC COM 686164104 32 15,025 SH   SOLE   0 0 15,025
PAYPAL HOLDINGS COM NEW 70450Y103 2,399 77,275 SH   SOLE   0 0 77,275
PFIZER INC COM 717081103 2,915 92,803 SH   SOLE   0 0 92,803
PHILIP MORRIS INTL INC COM 718172109 2,651 33,420 SH   SOLE   0 0 33,420
PLAINS ALL AMERICAN PIPELINE LP UNITN LTD PARTN 726503105 1,323 43,555 SH   SOLE   0 0 43,555
PLUM CREEK TIMBER CO INC COM 729251108 1,117 28,282 SH   SOLE   0 0 28,282
POWERSHARES EMER MK 50 ADR 09348R300 324 11,600 SH   SOLE   0 0 11,600
PROCTER & GAMBLE CO COM 742718109 254 3,532 SH   SOLE   0 0 3,532
QUALCOMM INC COM 747525103 2,269 42,239 SH   SOLE   0 0 42,239
RAYONIER INC COM 754907103 222 10,077 SH   SOLE   0 0 10,077
ROYAL DUTCH SHELL SPONS ADR B 780259107 1,234 26,035 SH   SOLE   0 0 26,035
RYANAIR HLDGS PLC SPONSORED ADR 783513104 2,764 35,302 SH   SOLE   0 0 35,302
SEADRILL LIMITED SHS G7945E105 383 64,995 SH   SOLE   0 0 64,995
SEARS HLDGS CORP COM 812350106 653 28,905 SH   SOLE   0 0 28,905
SEVENTY SEVEN ENERGY COM 818097107 484 350,771 SH   SOLE   0 0 350,771
SOHU COM INC COM 83408W103 465 11,265 SH   SOLE   0 0 11,265
SPDR GOLD TRUST GOLD SHS 78463V107 2,170 20,311 SH   SOLE   0 0 20,311
TAIWAN SEMICONDUCTOR SPONSORED ADR 874039100 585 28,204 SH   SOLE   0 0 28,204
THE ADT CORPORATION COM 00101J106 1,974 66,016 SH   SOLE   0 0 66,016
TIVO INC COM 888706108 461 53,190 SH   SOLE   0 0 53,190
TRANSOCEAN REG SHS H8817H100 137 10,605 SH   SOLE   0 0 10,605
UNITEDHEALTH GROUP INC COM 91324P102 2,076 17,896 SH   SOLE   0 0 17,896
VERIZON COMMUNICATIONS COM 92343V104 3,806 87,478 SH   SOLE   0 0 87,478
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 961 30,287 SH   SOLE   0 0 30,287
WAL MART STORES INC COM 931142103 2,514 38,779 SH   SOLE   0 0 38,779