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 CO COM 88579Y101 250 1,780 SH   SOLE   1,780 0 0
ABBOTT LABS COM 002824100 263 6,870 SH   SOLE   6,870 0 0
ABERDEEN ASIA PACIFIC INCOM COM 003009107 4,608 800,000 SH   SOLE   800,000 0 0
ACADIA RLTY TR COM SH BEN INT 004239109 2,083 83,900 SH   SOLE   83,900 0 0
ACCELRYS INC COM 00430U103 3,474 364,100 SH   SOLE   364,100 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 326 3,960 SH   SOLE   3,960 0 0
ACCESS MIDSTREAM PARTNERS L UNIT 00434L109 3,641 64,350 SH   SOLE   64,350 0 0
ACTUANT CORP CL A NEW 00508X203 3,646 99,500 SH   SOLE   99,500 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 2,168 34,070 SH   SOLE   34,070 0 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 713 100,000 SH   SOLE   100,000 0 0
ALLIANZGI EQUITY & CONV INCO COM 018829101 1,238 63,400 SH   SOLE   63,400 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 1,245 174,310 SH   SOLE   174,310 0 0
ALTRIA GROUP INC COM 02209S103 279 7,280 SH   SOLE   7,280 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 2,180 67,680 SH   SOLE   67,680 0 0
AMERICAN CAP LTD COM 02503Y103 2,922 186,800 SH   SOLE   186,800 0 0
AMERICAN EXPRESS CO COM 025816109 1,760 19,400 SH   SOLE   19,400 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 4,610 90,300 SH   SOLE   90,300 0 0
AMERICAN TOWER CORP NEW COM 03027X100 2,235 28,000 SH   SOLE   28,000 0 0
APPLE INC COM 037833100 342 610 SH   SOLE   610 0 0
ATLAS ENERGY LP COM UNITS LP 04930A104 2,339 49,930 SH   SOLE   49,930 0 0
ATLAS PIPELINE PARTNERS LP UNIT L P INT 049392103 2,257 64,380 SH   SOLE   64,380 0 0
AUTOZONE INC COM 053332102 325 680 SH   SOLE   680 0 0
AVALONBAY CMNTYS INC COM 053484101 2,222 18,791 SH   SOLE   18,791 0 0
BANK OF AMERICA CORPORATION COM 060505104 2,536 162,900 SH   SOLE   162,900 0 0
BARD C R INC COM 067383109 234 1,750 SH   SOLE   1,750 0 0
BARRICK GOLD CORP COM 067901108 4,549 258,000 SH   SOLE   258,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 51,999 438,585 SH   SOLE   438,585 0 0
BLACKROCK BUILD AMER BD TR SHS 09248X100 1,396 72,900 SH   SOLE   72,900 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 1,306 100,000 SH   SOLE   100,000 0 0
BLACKROCK ENERGY & RES TR COM 09250U101 462 19,000 SH   SOLE   19,000 0 0
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 241 16,100 SH   SOLE   16,100 0 0
BLACKROCK INCOME TR INC COM 09247F100 268 41,321 SH   SOLE   41,321 0 0
BLACKROCK INTL GRWTH & INC T COM BENE INTER 092524107 292 35,900 SH   SOLE   35,900 0 0
BLACKROCK MUNIASSETS FD INC COM 09254J102 1,496 129,494 SH   SOLE   129,494 0 0
BLACKROCK MUNIHLDS INVSTM QL COM 09254P108 1,462 116,800 SH   SOLE   116,800 0 0
BLACKROCK MUNIYIELD CALI QLT COM 09254N103 1,410 103,400 SH   SOLE   103,400 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 498 43,000 SH   SOLE   43,000 0 0
BOSTON PROPERTIES INC COM 101121101 2,167 21,591 SH   SOLE   21,591 0 0
CAMPBELL SOUP CO COM 134429109 233 5,390 SH   SOLE   5,390 0 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 1,346 170,000 SH   SOLE   170,000 0 0
CENTRAL GOLDTRUST TR UNIT 153546106 415 10,000 SH   SOLE   10,000 0 0
CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 3,269 23,900 SH   SOLE   23,900 0 0
CLOROX CO DEL COM 189054109 246 2,650 SH   SOLE   2,650 0 0
CME GROUP INC COM 12572Q105 741 9,441 SH   SOLE   0 0 9,441
COHEN & STEERS INFRASTRUCTUR COM 19248A109 412 20,000 SH   SOLE   20,000 0 0
CORPORATE EXECUTIVE BRD CO COM 21988R102 3,918 50,600 SH   SOLE   50,600 0 0
CRESTWOOD EQUITY PARTNERS LP UNIT LTD PARTNER 226344109 2,153 155,700 SH   SOLE   155,700 0 0
CRESTWOOD MIDSTREAM PARTNERS UNIT LTD PARTNER 226378107 1,685 67,700 SH   SOLE   67,700 0 0
CROSSTEX ENERGY INC COM 22765Y104 1,791 49,540 SH   SOLE   49,540 0 0
CROSSTEX ENERGY L P COM 22765U102 1,725 62,490 SH   SOLE   62,490 0 0
DDR CORP COM 23317H102 2,088 135,840 SH   SOLE   135,840 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 2,225 192,670 SH   SOLE   192,670 0 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 633 30,000 SH   SOLE   30,000 0 0
EATON VANCE MUN BD FD COM 27827X101 949 84,000 SH   SOLE   84,000 0 0
EATON VANCE TAX MNGD GBL DV COM 27829F108 500 50,000 SH   SOLE   50,000 0 0
EDUCATION RLTY TR INC COM 28140H104 2,211 250,660 SH   SOLE   250,660 0 0
ELLINGTON FINANCIAL LLC COM 288522303 204 9,000 SH   SOLE   9,000 0 0
EMERSON ELEC CO COM 291011104 233 3,320 SH   SOLE   3,320 0 0
ENDO HEALTH SOLUTIONS INC COM 29264F205 266 3,940 SH   SOLE   3,940 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 1,154 14,120 SH   SOLE   14,120 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 2,986 45,040 SH   SOLE   45,040 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 2,216 61,154 SH   SOLE   61,154 0 0
EQUITY ONE COM 294752100 2,168 96,630 SH   SOLE   96,630 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 2,252 43,410 SH   SOLE   43,410 0 0
FACEBOOK INC CL A 30303M102 3,132 57,300 SH   SOLE   57,300 0 0
FLAHERTY&CRMN PFD SEC INCOM COM 338478100 175 10,000 SH   SOLE   10,000 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 4,171 35,600 SH   SOLE   35,600 0 0
FORT DEARBORN INCOME SECS IN COM 347200107 244 17,698 SH   SOLE   17,698 0 0
GENERAL DYNAMICS CORP COM 369550108 3,354 35,100 SH   SOLE   35,100 0 0
GENERAL MTRS CO COM 37045V100 2,730 66,800 SH   SOLE   66,800 0 0
GOLDCORP INC NEW COM 380956409 3,582 165,300 SH   SOLE   165,300 0 0
GOOGLE INC CL A 38259P508 8,610 7,682 SH   SOLE   2,400 0 5,282
GRACE W R & CO DEL NEW COM 38388F108 1,374 13,900 SH   SOLE   13,900 0 0
GUIDANCE SOFTWARE INC COM 401692108 2,262 224,000 SH   SOLE   224,000 0 0
HALLMARK FINL SVCS INC EC COM NEW 40624Q203 1,712 192,715 SH   SOLE   192,715 0 0
HATTERAS FINL CORP COM 41902R103 327 20,000 SH   SOLE   20,000 0 0
HCP INC COM 40414L109 2,124 58,470 SH   SOLE   58,470 0 0
HIGHWOODS PPTYS INC COM 431284108 2,207 61,030 SH   SOLE   61,030 0 0
HORMEL FOODS CORP COM 440452100 264 5,850 SH   SOLE   5,850 0 0
HOST HOTELS & RESORTS INC COM 44107P104 2,291 117,870 SH   SOLE   117,870 0 0
INTEL CORP COM 458140100 250 9,620 SH   SOLE   9,620 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 326 1,740 SH   SOLE   1,740 0 0
INTUIT COM 461202103 308 4,040 SH   SOLE   4,040 0 0
INVESCO ADVANTAGE MUNICIPAL SH BEN INT 46132E103 1,762 167,450 SH   SOLE   167,450 0 0
INVESCO CALIF VALUE MUN INC COM 46132H106 1,666 146,100 SH   SOLE   146,100 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 401 27,300 SH   SOLE   27,300 0 0
INVESCO MUN OPPORTUNITY TR COM 46132C107 2,422 206,830 SH   SOLE   206,830 0 0
INVESCO MUN TR COM 46131J103 2,391 206,270 SH   SOLE   206,270 0 0
INVESCO MUNI INCOME OPP TRST COM 46132X101 359 57,900 SH   SOLE   57,900 0 0
INVESCO TR INVT GRADE MUNS COM 46131M106 2,241 183,950 SH   SOLE   183,950 0 0
ISHARES MSCI CDA ETF 464286509 726 24,890 SH   SOLE   24,890 0 0
ISHARES MSCI SINGAP ETF 464286673 257 19,540 SH   SOLE   19,540 0 0
ISHARES MSCI UK ETF 464286699 1,777 85,120 SH   SOLE   85,120 0 0
ISHARES MSCI FRANCE ETF 464286707 306 10,770 SH   SOLE   10,770 0 0
ISHARES MSCI SZ CAP ETF 464286749 826 25,050 SH   SOLE   25,050 0 0
ISHARES MSCI SWEDEN ETF 464286756 397 11,090 SH   SOLE   11,090 0 0
ISHARES MSCI GERMANY ETF 464286806 1,446 45,530 SH   SOLE   45,530 0 0
ISHARES MSCI NETHERL ETF 464286814 235 9,060 SH   SOLE   9,060 0 0
ISHARES MSCI MALAYSI ETF 464286830 188 11,870 SH   SOLE   11,870 0 0
ISHARES MSCI JAPAN ETF 464286848 250 20,600 SH   SOLE   20,600 0 0
ISHARES MSCI ITALCPD ETF 464286855 218 13,990 SH   SOLE   13,990 0 0
ISHARES IBOXX INV CP ETF 464287242 811 7,100 SH   SOLE   7,100 0 0
ISHARES 7-10 Y TR BD ETF 464287440 397 4,000 SH   SOLE   4,000 0 0
KILROY RLTY CORP COM 49427F108 2,172 43,290 SH   SOLE   43,290 0 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 400 98,586 SH   SOLE   98,586 0 0
KINDER MORGAN MANAGEMENT LLC SHS 49455U100 2,164 28,600 SH   SOLE   28,600 0 0
LEAR CORP COM NEW 521865204 3,862 47,700 SH   SOLE   47,700 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 1,632 49,200 SH   SOLE   49,200 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 3,551 39,900 SH   SOLE   39,900 0 0
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 2,207 75,200 SH   SOLE   75,200 0 0
LIBERTY PPTY TR SH BEN INT 531172104 2,300 67,910 SH   SOLE   67,910 0 0
LPL FINL HLDGS INC COM 50212V100 3,057 65,000 SH   SOLE   65,000 0 0
MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608B105 2,774 50,965 SH   SOLE   50,965 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 3,052 48,238 SH   SOLE   48,238 0 0
MARKWEST ENERGY PARTNERS L P UNIT LTD PARTN 570759100 2,149 32,490 SH   SOLE   32,490 0 0
MATTEL INC COM 577081102 293 6,150 SH   SOLE   6,150 0 0
MCG CAPITAL CORP COM 58047P107 660 150,000 SH   SOLE   150,000 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 181 20,000 SH   SOLE   20,000 0 0
MFS INVT GRADE MUN TR SH BEN INT 59318B108 103 12,000 SH   SOLE   12,000 0 0
MORGAN STANLEY EM MKTS DM DE COM 617477104 781 60,000 SH   SOLE   60,000 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 95 10,000 SH   SOLE   10,000 0 0
MPLX LP COM UNIT REP LTD 55336V100 1,867 41,910 SH   SOLE   41,910 0 0
NEWMONT MINING CORP COM 651639106 3,570 155,000 SH   SOLE   155,000 0 0
NEWS CORP NEW CL A 65249B109 2,431 134,900 SH   SOLE   134,900 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 2,157 42,300 SH   SOLE   42,300 0 0
NUVEEN AMT-FREE MUN INCOME F COM 670657105 3,933 326,690 SH   SOLE   326,690 0 0
NUVEEN CAL AMT-FREE MUN INC COM 670651108 1,424 117,000 SH   SOLE   117,000 0 0
NUVEEN DIV ADV MUNI FD 3 COM SH BEN INT 67070X101 3,296 266,900 SH   SOLE   266,900 0 0
NUVEEN DIV ADVANTAGE MUN FD COM 67070F100 2,618 206,300 SH   SOLE   206,300 0 0
NUVEEN DIVID ADVANTAGE MUN F COM 67066V101 2,785 221,240 SH   SOLE   221,240 0 0
NUVEEN DIVID ADVANTAGE MUN I COM 67071L106 1,373 109,700 SH   SOLE   109,700 0 0
NUVEEN INTER DURATION MN TMF COM 670671106 1,898 164,900 SH   SOLE   164,900 0 0
NUVEEN INVT QUALITY MUN FD I COM 67062E103 1,173 86,700 SH   SOLE   86,700 0 0
NUVEEN MD PREM INCOME MUN FD COM 67061Q107 908 76,100 SH   SOLE   76,100 0 0
NUVEEN MTG OPPTY TERM FD 2 COM 67074R100 804 35,000 SH   SOLE   35,000 0 0
NUVEEN MUN ADVANTAGE FD INC COM 67062H106 3,000 246,680 SH   SOLE   246,680 0 0
NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 2,926 243,800 SH   SOLE   243,800 0 0
NUVEEN MUN OPPORTUNITY FD IN COM 670984103 1,894 143,300 SH   SOLE   143,300 0 0
NUVEEN PERFORMANCE PLUS MUN COM 67062P108 1,736 128,300 SH   SOLE   128,300 0 0
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 672 75,800 SH   SOLE   75,800 0 0
NUVEEN PREM INCOME MUN FD COM 67062T100 2,487 201,700 SH   SOLE   201,700 0 0
NUVEEN PREM INCOME MUN FD 2 COM 67063W102 3,055 243,430 SH   SOLE   243,430 0 0
NUVEEN PREMIER MUN INCOME FD COM 670988104 607 49,100 SH   SOLE   49,100 0 0
NUVEEN QUALITY INCOME MUN FD COM 670977107 2,220 181,250 SH   SOLE   181,250 0 0
NUVEEN QUALITY MUN FD INC COM 67062N103 2,103 174,100 SH   SOLE   174,100 0 0
NUVEEN QUALITY PFD INC FD 3 COM 67072W101 471 60,000 SH   SOLE   60,000 0 0
NUVEEN QUALITY PFD INCOME FD COM 67072C105 1,628 200,000 SH   SOLE   200,000 0 0
NUVEEN SELECT QUALITY MUN FD COM 670973106 3,051 246,020 SH   SOLE   246,020 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 8,826 150,000 SH   SOLE   150,000 0 0
ONEOK INC NEW COM 682680103 1,234 19,850 SH   SOLE   19,850 0 0
ONEOK PARTNERS LP UNIT LTD PARTN 68268N103 2,345 44,530 SH   SOLE   44,530 0 0
ORACLE CORP COM 68389X105 297 7,750 SH   SOLE   7,750 0 0
OUTERWALL INC COM 690070107 2,859 42,500 SH   SOLE   42,500 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 2,332 122,880 SH   SOLE   122,880 0 0
PHILIP MORRIS INTL INC COM 718172109 281 3,220 SH   SOLE   3,220 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 4,043 78,090 SH   SOLE   78,090 0 0
PLAINS GP HLDGS L P SHS A REP LTPN 72651A108 2,233 83,400 SH   SOLE   83,400 0 0
POST PPTYS INC COM 737464107 2,296 50,754 SH   SOLE   50,754 0 0
POWERSHARES ETF TR II BUILD AMER ETF 73937B407 685 25,100 SH   SOLE   25,100 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,759 20,000 SH   SOLE   20,000 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 2,131 27,890 SH   SOLE   27,890 0 0
PUTNAM MANAGED MUN INCOM TR COM 746823103 850 128,000 SH   SOLE   128,000 0 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 2,129 198,270 SH   SOLE   198,270 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 653 120,000 SH   SOLE   120,000 0 0
QUALCOMM INC COM 747525103 221 2,970 SH   SOLE   2,970 0 0
RESOLUTE FST PRODS INC COM 76117W109 3,736 233,200 SH   SOLE   233,200 0 0
ROCK-TENN CO CL A 772739207 2,814 26,800 SH   SOLE   26,800 0 0
ROCKWELL COLLINS INC COM 774341101 249 3,370 SH   SOLE   3,370 0 0
SCHWAB CHARLES CORP NEW COM 808513105 3,284 126,300 SH   SOLE   126,300 0 0
SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 340 3,940 SH   SOLE   3,940 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 561 8,400 SH   SOLE   8,400 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 1,938 21,895 SH   SOLE   21,895 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 831 38,000 SH   SOLE   38,000 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 1,049 20,070 SH   SOLE   20,070 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 876 24,500 SH   SOLE   24,500 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 2,749 72,400 SH   SOLE   72,400 0 0
SEMGROUP CORP CL A 81663A105 1,300 19,930 SH   SOLE   19,930 0 0
SHUTTERFLY INC COM 82568P304 2,139 42,000 SH   SOLE   42,000 0 0
SIGMA ALDRICH CORP COM 826552101 249 2,650 SH   SOLE   2,650 0 0
SIGNET JEWELERS LIMITED SHS G81276100 3,164 40,200 SH   SOLE   40,200 0 0
SIMON PPTY GROUP INC NEW COM 828806109 2,218 14,580 SH   SOLE   14,580 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 3,240 88,000 SH   SOLE   88,000 0 0
SL GREEN RLTY CORP COM 78440X101 200 2,160 SH   SOLE   2,160 0 0
SOLAR CAP LTD COM 83413U100 613 27,200 SH   SOLE   27,200 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 279 2,400 SH   SOLE   2,400 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 13,852 75,000 SH   SOLE   75,000 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 915 21,751 SH   SOLE   21,751 0 0
SPECTRA ENERGY CORP COM 847560109 1,762 49,460 SH   SOLE   49,460 0 0
SUNOCO LOGISTICS PRTNRS L P COM UNITS 86764L108 3,010 39,880 SH   SOLE   39,880 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 1,940 144,800 SH   SOLE   144,800 0 0
SUPPORT COM INC COM 86858W101 1,873 494,200 SH   SOLE   494,200 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 1,803 56,300 SH   SOLE   56,300 0 0
TARGA RES CORP COM 87612G101 1,865 21,150 SH   SOLE   21,150 0 0
TARGA RESOURCES PARTNERS LP COM UNIT 87611X105 3,514 67,190 SH   SOLE   67,190 0 0
TAUBMAN CTRS INC COM 876664103 2,110 33,015 SH   SOLE   33,015 0 0
TEMPUR SEALY INTL INC COM 88023U101 3,297 61,100 SH   SOLE   61,100 0 0
TEXAS INSTRS INC COM 882508104 249 5,670 SH   SOLE   5,670 0 0
TIME WARNER CABLE INC COM 88732J207 4,173 30,800 SH   SOLE   30,800 0 0
TRANSDIGM GROUP INC COM 893641100 3,784 23,500 SH   SOLE   23,500 0 0
TRIPADVISOR INC COM 896945201 1,947 23,500 SH   SOLE   23,500 0 0
TRULIA INC COM 897888103 13,104 371,553 SH   SOLE   98,000 0 273,553
TWENTY FIRST CENTY FOX INC CL B 90130A200 3,917 113,200 SH   SOLE   113,200 0 0
TWO HBRS INVT CORP COM 90187B101 1,499 161,500 SH   SOLE   161,500 0 0
UDR INC COM 902653104 2,196 94,060 SH   SOLE   94,060 0 0
UNITED RENTALS INC COM 911363109 2,767 35,500 SH   SOLE   35,500 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 7,851 98,150 SH   SOLE   98,150 0 0
VENTAS INC COM 92276F100 2,179 38,040 SH   SOLE   38,040 0 0
VISA INC COM CL A 92826C839 252 1,130 SH   SOLE   1,130 0 0
VITESSE SEMICONDUCTOR CORP COM NEW 928497304 2,279 780,612 SH   SOLE   780,612 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 2,767 70,400 SH   SOLE   70,400 0 0
WELLS FARGO & CO NEW COM 949746101 4,358 96,000 SH   SOLE   96,000 0 0
WESCO AIRCRAFT HLDGS INC COM 950814103 3,249 148,200 SH   SOLE   148,200 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 172 10,000 SH   SOLE   10,000 0 0
WESTERN ASSET GLB HI INCOME COM 95766B109 202 16,500 SH   SOLE   16,500 0 0
WESTERN ASSET MUN HI INCM FD COM 95766N103 120 17,900 SH   SOLE   17,900 0 0
WESTERN GAS EQUITY PARTNERS COMUNT LTD PT 95825R103 2,685 67,960 SH   SOLE   67,960 0 0
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 2,299 37,275 SH   SOLE   37,275 0 0
WILLIAMS COS INC DEL COM 969457100 1,726 44,740 SH   SOLE   44,740 0 0
ZILLOW INC CL A 98954A107 29,270 358,123 SH   SOLE   136,900 0 221,223