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
ALNYLAM PHARMACEUTICALS INC COM 02043q107 411 6,500 SH   SOLE   6,500 0 0
AMERICAN AIRLS GROUP INC COM 02376r102 801 18,650 SH   SOLE   11,250 0 7,400
AMERICAN WTR WKS CO INC NEW COM 030420103 544 11,000 SH   SOLE   11,000 0 0
AMGEN INC COM 031162100 497 4,200 SH   SOLE   4,200 0 0
ANADARKO PETE CORP COM 032511107 985 9,000 SH   SOLE   9,000 0 0
APPLE INC COM 037833100 1,394 15,003 SH   SOLE   13,050 0 1,953
ARES CAP CORP COM 04010l103 179 10,020 SH   SOLE   10,020 0 0
ATHLON ENERGY INC COM 047477104 205 4,300 SH   SOLE   4,300 0 0
ATLAS ENERGY LP COM UNITS LP 04930a104 1,631 36,350 SH   SOLE   36,350 0 0
BALTIC TRADING LIMITED COM y0553w103 149 25,000 SH   SOLE   25,000 0 0
BARRACUDA NETWORKS INC COM 068323104 254 8,200 SH   SOLE   8,200 0 0
BASIC ENERGY SVCS INC NEW COM 06985p100 584 20,000 SH   SOLE   20,000 0 0
BAXTER INTL INC COM 071813109 309 4,275 SH   SOLE   4,275 0 0
BIOCRYST PHARMACEUTICALS COM 09058v103 127 10,000 SH   SOLE   10,000 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 2,430 29,260 SH   SOLE   29,000 0 260
C&J ENERGY SVCS INC COM 12467b304 507 15,000 SH   SOLE   15,000 0 0
CANADIAN NATL RY CO COM 136375102 1,170 18,000 SH   SOLE   18,000 0 0
CANADIAN PAC RY LTD COM 13645t100 1,042 5,750 SH   SOLE   5,750 0 0
CARRIZO OIL & GAS INC COM 144577103 513 7,400 SH   SOLE   7,400 0 0
CBIZ INC COM 124805102 135 15,000 SH   SOLE   15,000 0 0
CEMPRA INC COM 15130j109 1,974 184,000 SH   SOLE   175,000 0 9,000
CHEMOCENTRYX INC COM 16383l106 117 20,000 SH   SOLE   0 0 20,000
CHENIERE ENERGY INC COM NEW 16411r208 2,151 30,000 SH   SOLE   30,000 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG S&P GBL WTR 18383q507 452 15,000 SH   SOLE   15,000 0 0
CONTINENTAL RESOURCES INC COM 212015101 522 3,300 SH   SOLE   3,300 0 0
CRESTWOOD MIDSTREAM PARTNERS UNIT LTD PARTNER 226378107 746 33,800 SH   SOLE   33,800 0 0
DCP MIDSTREAM PARTNERS LP COM UT LTD PTN 23311p100 997 17,500 SH   SOLE   17,500 0 0
DEVON ENERGY CORP NEW COM 25179m103 512 6,450 SH   SOLE   6,450 0 0
DISNEY WALT CO COM DISNEY 254687106 232 2,703 SH   SOLE   2,500 0 203
DORCHESTER MINERALS LP COM UNIT 25820r105 458 15,000 SH   SOLE   15,000 0 0
EAGLE ROCK ENERGY PARTNERS L UNIT 26985r104 413 83,000 SH   SOLE   0 0 83,000
EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 1,796 49,570 SH   SOLE   47,720 0 1,850
ELLINGTON FINANCIAL LLC COM 288522303 301 12,550 SH   SOLE   550 0 12,000
ENBRIDGE ENERGY MANAGEMENT L SHS UNITS LLI 29250x103 410 11,627 SH   SOLE   11,627 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273v100 6,867 116,500 SH   SOLE   109,600 0 6,900
ENLINK MIDSTREAM LLC COM UNIT REP LTD 29336t100 2,145 51,500 SH   SOLE   51,500 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 3,811 48,680 SH   SOLE   44,000 0 4,680
EOG RES INC COM 26875p101 1,169 10,000 SH   SOLE   10,000 0 0
FACEBOOK INC CL A 30303m102 2,032 30,200 SH   SOLE   30,200 0 0
FERRELLGAS PARTNERS L.P. UNIT LTD PART 315293100 602 22,000 SH   SOLE   22,000 0 0
FIBROCELL SCIENCE INC COM NEW 315721209 1,057 265,000 SH   SOLE   265,000 0 0
GASLOG LTD SHS g37585109 1,317 41,300 SH   SOLE   41,300 0 0
GILEAD SCIENCES INC COM 375558103 1,327 16,000 SH   SOLE   16,000 0 0
GOODRICH PETE CORP COM NEW 382410405 276 10,000 SH   SOLE   10,000 0 0
GOOGLE INC CL C 38259p706 265 460 SH   SOLE   460 0 0
HALLIBURTON CO COM 406216101 518 7,300 SH   SOLE   7,300 0 0
HALOZYME THERAPEUTICS INC COM 40637h109 2,539 257,000 SH   SOLE   225,000 0 32,000
HARRIS CORP DEL COM 413875105 492 6,500 SH   SOLE   6,500 0 0
HI-CRUSH PARTNERS LP COM UNIT LTD 428337109 1,049 16,000 SH   SOLE   16,000 0 0
HILLTOP HOLDINGS INC COM 432748101 1,063 50,000 SH   SOLE   50,000 0 0
INTREXON CORP COM 46122t102 4,580 182,250 SH   SOLE   170,000 0 12,250
ISHARES RUS 1000 VAL ETF 464287598 385 3,800 SH   SOLE   3,800 0 0
ISHARES TRANS AVG ETF 464287192 294 2,000 SH   SOLE   2,000 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625h365 209 3,995 SH   SOLE   0 0 3,995
KINDER MORGAN MANAGEMENT LLC SHS 49455u100 966 12,242 SH   SOLE   12,242 0 0
KNOT OFFSHORE PARTNERS LP COM UNITS y48125101 379 13,400 SH   SOLE   13,400 0 0
LA JOLLA PHARMACEUTICAL CO COM PAR $.0001 2 503459604 1,239 135,000 SH   SOLE   135,000 0 0
LINNCO LLC COMSHS LTD INT 535782106 397 12,700 SH   SOLE   12,700 0 0
MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608b105 516 8,275 SH   SOLE   8,275 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 3,981 47,368 SH   SOLE   43,000 0 4,368
MARATHON PETE CORP COM 56585a102 367 4,700 SH   SOLE   1,500 0 3,200
MARKWEST ENERGY PARTNERS L P UNIT LTD PARTN 570759100 1,231 17,200 SH   SOLE   17,200 0 0
MATADOR RES CO COM 576485205 211 7,200 SH   SOLE   7,200 0 0
MAVENIR SYS INC COM 577675101 379 25,000 SH   SOLE   5,000 0 20,000
MEDGENICS INC COM NEW 58436q203 2,642 340,000 SH   SOLE   340,000 0 0
MERCK & CO INC NEW COM 58933y105 578 10,000 SH   SOLE   10,000 0 0
MESA RTY TR UNIT BEN INT 590660106 576 16,915 SH   SOLE   16,915 0 0
MICRON TECHNOLOGY INC COM 595112103 567 17,200 SH   SOLE   6,600 0 10,600
MIDCOAST ENERGY PARTNERS L P COM UT LTD PTN 59564n103 741 33,700 SH   SOLE   33,700 0 0
MIMEDX GROUP INC COM 602496101 177 25,000 SH   SOLE   25,000 0 0
MVC CAPITAL INC COM 553829102 176 13,600 SH   SOLE   13,600 0 0
NEWFIELD EXPL CO COM 651290108 522 11,800 SH   SOLE   11,800 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,082 10,500 SH   SOLE   10,500 0 0
NQ MOBILE INC ADR REPSTG CL A 64118U108 280 45,700 SH Call SOLE   45,700 0 0
NQ MOBILE INC ADR REPSTG CL A 64118u108 239 39,000 SH   SOLE   8,000 0 31,000
NRG ENERGY INC COM NEW 629377508 744 20,000 SH   SOLE   20,000 0 0
NUSTAR ENERGY LP UNIT COM 67058h102 496 8,000 SH   SOLE   8,000 0 0
ONEOK INC NEW COM 682680103 4,337 63,700 SH   SOLE   63,700 0 0
OVASCIENCE INC COM 69014q101 321 35,000 SH   SOLE   35,000 0 0
PATTERSON UTI ENERGY INC COM 703481101 507 14,500 SH   SOLE   14,500 0 0
PBF ENERGY INC CL A 69318g106 251 9,400 SH   SOLE   0 0 9,400
PENNYMAC MTG INVT TR COM 70931t103 301 13,700 SH   SOLE   0 0 13,700
PIMCO DYNAMIC CR INCOME FD COM SHS 72202d106 291 12,200 SH   SOLE   3,350 0 8,850
PIMCO DYNAMIC INCOME FD SHS 72201y101 1,081 31,702 SH   SOLE   24,470 0 7,232
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 2,222 37,000 SH   SOLE   37,000 0 0
PLAINS GP HLDGS L P SHS A REP LTPN 72651a108 3,099 96,870 SH   SOLE   85,600 0 11,270
POWERSHARES ETF TRUST WATER RESOURCE 73935x575 798 30,000 SH   SOLE   30,000 0 0
PROSHARES TR PSHS SHORT QQQ 74347r602 250 15,000 SH   SOLE   15,000 0 0
PROSHARES TR PSHS SHTRUSS2000 74347r826 294 18,350 SH   SOLE   18,350 0 0
PROSPECT CAPITAL CORPORATION COM 74348t102 126 11,900 SH   SOLE   11,900 0 0
QEP MIDSTREAM PARTNERS LP COM UNIT RP LTD 74735r115 636 24,700 SH   SOLE   24,700 0 0
QUANTUM FUEL SYS TECH WORLDW COM PAR $0.02 74765e307 116 20,000 SH   SOLE   0 0 20,000
REGENCY ENERGY PARTNERS L P COM UNITS L P 75885y107 1,397 43,368 SH   SOLE   40,200 0 3,168
RENTECH INC COM 760112102 65 25,000 SH   SOLE   25,000 0 0
RIGNET INC COM 766582100 9,149 170,000 SH   SOLE   164,000 0 6,000
RPC INC COM 749660106 540 23,000 SH   SOLE   23,000 0 0
SABINE ROYALTY TR UNIT BEN INT 785688102 485 8,000 SH   SOLE   8,000 0 0
SCHLUMBERGER LTD COM 806857108 767 6,500 SH   SOLE   6,500 0 0
SEADRILL PARTNERS LLC COMUNIT REP LB y7545w109 882 26,600 SH   SOLE   26,600 0 0
SIGNET JEWELERS LIMITED SHS g81276100 1,189 10,750 SH   SOLE   10,750 0 0
SPDR SERIES TRUST S&P TRANSN ETF 78464a532 281 3,000 SH   SOLE   3,000 0 0
SPECTRA ENERGY PARTNERS LP COM 84756n109 1,083 20,300 SH   SOLE   20,300 0 0
SUMMIT MIDSTREAM PARTNERS LP COM UNIT LTD 866142102 1,083 21,300 SH   SOLE   21,300 0 0
SUSSER PETE PARTNERS LP COM U REP LP 869239103 605 12,900 SH   SOLE   12,900 0 0
SYNERGY PHARMACEUTICALS DEL COM NEW 871639308 887 218,000 SH   SOLE   200,000 0 18,000
SYNERGY PHARMACEUTICALS DEL COM NEW 871639308 28 7,000 SH Call SOLE   7,000 0 0
SYNTHETIC BIOLOGICS INC COM 87164u102 43 25,000 SH   SOLE   25,000 0 0
TALLGRASS ENERGY PARTNERS LP COM UNIT 874697105 582 15,000 SH   SOLE   15,000 0 0
TARGA RES CORP COM 87612g101 1,396 10,000 SH   SOLE   10,000 0 0
TC PIPELINES LP UT COM LTD PRT 87233q108 316 6,116 SH   SOLE   5,950 0 166
TEEKAY OFFSHORE PARTNERS L P PARTNERSHIP UN y8565j101 856 23,700 SH   SOLE   23,700 0 0
TEXAS PAC LD TR SUB CTF PROP I T 882610108 1,313 8,200 SH   SOLE   8,200 0 0
TIME WARNER INC COM NEW 887317303 320 4,550 SH   SOLE   4,550 0 0
TOWERSTREAM CORP COM 892000100 415 213,737 SH   SOLE   213,737 0 0
TRINITY INDS INC COM 896522109 1,399 32,000 SH   SOLE   32,000 0 0
TYCO INTERNATIONAL LTD SHS h89128104 1,003 22,000 SH   SOLE   22,000 0 0
U S SILICA HLDGS INC COM 90346e103 554 10,000 SH   SOLE   10,000 0 0
UNION PAC CORP COM 907818108 1,596 16,000 SH   SOLE   16,000 0 0
UNITED STATES NATL GAS FUND UNIT PAR $0.001 912318201 295 12,000 SH Call SOLE   12,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 277 2,400 SH   SOLE   2,400 0 0
VERIFONE SYS INC COM 92342y109 248 6,750 SH   SOLE   6,750 0 0
WESTERN GAS EQUITY PARTNERS COMUNT LTD PT 95825r103 2,821 45,000 SH   SOLE   45,000 0 0
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 673 8,800 SH   SOLE   8,800 0 0
WHITEWAVE FOODS CO COM CL A 966244105 2,816 87,000 SH   SOLE   87,000 0 0
WILLIAMS COS INC DEL COM 969457100 4,814 82,700 SH   SOLE   77,400 0 5,300
WILLIAMS PARTNERS L P COM UNIT L P 96950f104 456 8,402 SH   SOLE   8,402 0 0
WISDOMTREE TR EUROPE SMCP DV 97717w869 254 4,200 SH   SOLE   4,200 0 0
ZIOPHARM ONCOLOGY INC COM 98973P101 446 110,700 SH Call SOLE   110,700 0 0
ZIOPHARM ONCOLOGY INC COM 98973p101 7,196 1,785,522 SH   SOLE   1,692,522 0 93,000