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
AMERICAN AIRLS GROUP INC COM 02376r102 479 13,500 SH   SOLE   6,100 0 7,400
AMERICAN WTR WKS CO INC NEW COM 030420103 531 11,000 SH   SOLE   11,000 0 0
ANADARKO PETE CORP COM 032511107 913 9,000 SH   SOLE   9,000 0 0
APPLE INC COM 037833100 2,962 29,403 SH   SOLE   27,450 0 1,953
ARROWHEAD RESH CORP COM NEW 042797209 148 10,000 SH   SOLE   10,000 0 0
ATLAS ENERGY LP COM UNITS LP 04930a104 1,687 38,350 SH   SOLE   38,350 0 0
BARRACUDA NETWORKS INC COM 068323104 210 8,200 SH   SOLE   8,200 0 0
BAXTER INTL INC COM 071813109 235 3,275 SH   SOLE   3,275 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 2,330 29,260 SH   SOLE   29,000 0 260
CAMERON INTERNATIONAL CORP COM 13342b105 232 3,500 SH   SOLE   3,500 0 0
CANADIAN NATL RY CO COM 136375102 1,277 18,000 SH   SOLE   18,000 0 0
CANADIAN PAC RY LTD COM 13645t100 1,193 5,750 SH   SOLE   5,750 0 0
CAPITAL PRODUCT PARTNERS L P COM UNIT LP y11082107 150 15,000 SH   SOLE   15,000 0 0
CBIZ INC COM 124805102 118 15,000 SH   SOLE   15,000 0 0
CEMPRA INC COM 15130j109 122 11,100 SH   SOLE   11,100 0 0
CHEMOCENTRYX INC COM 16383l106 45 10,000 SH   SOLE   0 0 10,000
CHENIERE ENERGY INC COM NEW 16411r208 2,672 33,382 SH   SOLE   33,382 0 0
CIT GROUP INC COM NEW 125581801 460 10,000 SH   SOLE   10,000 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG S&P GBL WTR 18383q507 413 15,000 SH   SOLE   15,000 0 0
CORONADO BIOSCIENCES INC COM 21976u109 21 10,000 SH   SOLE   10,000 0 0
CRESTWOOD MIDSTREAM PARTNERS UNIT LTD PARTNER 226378107 766 33,800 SH   SOLE   33,800 0 0
CURRENCYSHS BRIT POUND STER BRIT POUND STE 23129S106 1,275 8,000 SH Call SOLE   8,000 0 0
CURRENCYSHS BRIT POUND STER BRIT POUND STE 23129S106 1,275 8,000 SH Put SOLE   8,000 0 0
DCP MIDSTREAM PARTNERS LP COM UT LTD PTN 23311p100 1,075 19,750 SH   SOLE   19,750 0 0
DEVON ENERGY CORP NEW COM 25179m103 440 6,450 SH   SOLE   6,450 0 0
DIREXION SHS ETF TR IBILLION INDEX 25459y264 253 10,000 SH   SOLE   10,000 0 0
DISNEY WALT CO COM DISNEY 254687106 1,220 13,703 SH   SOLE   13,500 0 203
DORCHESTER MINERALS LP COM UNIT 25820r105 435 14,700 SH   SOLE   14,700 0 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 369 17,050 SH   SOLE   13,900 0 3,150
EAGLE ROCK ENERGY PARTNERS L UNIT 26985r104 280 78,700 SH   SOLE   0 0 78,700
EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 1,981 49,340 SH   SOLE   47,720 0 1,620
ENBRIDGE ENERGY MANAGEMENT L SHS UNITS LLI 29250x103 440 11,813 SH   SOLE   11,813 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273v100 6,558 106,300 SH   SOLE   99,100 0 7,200
ENLINK MIDSTREAM LLC COM UNIT REP LTD 29336t100 1,672 40,452 SH   SOLE   40,250 0 202
ENTERPRISE PRODS PARTNERS L COM 293792107 3,924 97,360 SH   SOLE   88,000 0 9,360
EOG RES INC COM 26875p101 990 10,000 SH   SOLE   10,000 0 0
EQT CORP COM 26884l109 458 5,000 SH   SOLE   5,000 0 0
EXTERRAN HLDGS INC COM 30225x103 354 8,000 SH   SOLE   8,000 0 0
FACEBOOK INC CL A 30303m102 3,177 40,200 SH   SOLE   40,200 0 0
FERRELLGAS PARTNERS L.P. UNIT LTD PART 315293100 591 22,000 SH   SOLE   22,000 0 0
FIBROCELL SCIENCE INC COM NEW 315721209 43 15,000 SH   SOLE   15,000 0 0
FISERV INC COM 337738108 259 4,000 SH   SOLE   4,000 0 0
GASLOG LTD SHS g37585109 500 22,700 SH   SOLE   22,700 0 0
GILEAD SCIENCES INC COM 375558103 1,703 16,000 SH   SOLE   16,000 0 0
GOLAR LNG LTD BERMUDA SHS g9456a100 1,096 16,500 SH   SOLE   16,500 0 0
GOOGLE INC CL A 38259p508 277 470 SH   SOLE   470 0 0
GOOGLE INC CL C 38259p706 266 460 SH   SOLE   460 0 0
GOPRO INC CL A 38268t103 843 9,000 SH   SOLE   9,000 0 0
GREENBRIER COS INC COM 393657101 991 13,500 SH   SOLE   13,500 0 0
HALLIBURTON CO COM 406216101 471 7,300 SH   SOLE   7,300 0 0
HALOZYME THERAPEUTICS INC COM 40637h109 430 47,300 SH   SOLE   20,000 0 27,300
HI-CRUSH PARTNERS LP COM UNIT LTD 428337109 1,044 20,250 SH   SOLE   20,250 0 0
INTREXON CORP COM 46122t102 3,321 178,750 SH   SOLE   165,000 0 13,750
ISHARES TR NASDQ BIOTEC ETF 464287556 568 2,075 SH   SOLE   2,075 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 397 3,965 SH   SOLE   3,965 0 0
ISHARES TR TRANS AVG ETF 464287192 528 3,500 SH   SOLE   3,500 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625h365 301 5,678 SH   SOLE   0 0 5,678
KINDER MORGAN MANAGEMENT LLC SHS 49455u100 1,173 12,454 SH   SOLE   12,454 0 0
KNOT OFFSHORE PARTNERS LP COM UNITS y48125101 335 13,400 SH   SOLE   13,400 0 0
LA JOLLA PHARMACEUTICAL CO COM PAR $.0001 2 503459604 2,036 211,900 SH   SOLE   175,000 0 36,900
LINNCO LLC COMSHS LTD INT 535782106 483 16,700 SH   SOLE   16,700 0 0
MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608b105 1,086 16,275 SH   SOLE   16,275 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 3,987 47,368 SH   SOLE   43,000 0 4,368
MARATHON PETE CORP COM 56585a102 398 4,700 SH   SOLE   1,500 0 3,200
MARKWEST ENERGY PARTNERS L P UNIT LTD PARTN 570759100 1,321 17,200 SH   SOLE   17,200 0 0
MAVENIR SYS INC COM 577675101 251 20,000 SH   SOLE   0 0 20,000
MEDGENICS INC COM NEW 58436q203 848 163,347 SH   SOLE   163,347 0 0
MICRON TECHNOLOGY INC COM 595112103 322 9,400 SH   SOLE   0 0 9,400
MIDCOAST ENERGY PARTNERS L P COM UT LTD PTN 59564n103 752 33,700 SH   SOLE   33,700 0 0
MVC CAPITAL INC COM 553829102 146 13,600 SH   SOLE   13,600 0 0
NGL ENERGY PARTNERS LP COM UNIT REPST 62913m107 291 7,400 SH   SOLE   7,400 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,172 10,500 SH   SOLE   10,500 0 0
NQ MOBILE INC ADR REPSTG CL A 64118u108 272 39,000 SH   SOLE   8,000 0 31,000
NQ MOBILE INC ADR REPSTG CL A 64118U108 319 45,700 SH Call SOLE   45,700 0 0
NUSTAR ENERGY LP UNIT COM 67058h102 528 8,000 SH   SOLE   8,000 0 0
O REILLY AUTOMOTIVE INC NEW COM 67103h107 263 1,750 SH   SOLE   1,750 0 0
ONEOK INC NEW COM 682680103 3,356 51,200 SH   SOLE   51,200 0 0
OVASCIENCE INC COM 69014q101 581 35,000 SH   SOLE   35,000 0 0
PATTERSON UTI ENERGY INC COM 703481101 472 14,500 SH   SOLE   14,500 0 0
PEMBINA PIPELINE CORP COM 706327103 253 6,000 SH   SOLE   6,000 0 0
PEPSICO INC COM 713448108 1,871 20,100 SH   SOLE   20,000 0 100
PIMCO DYNAMIC CR INCOME FD COM SHS 72202d106 274 12,200 SH   SOLE   3,350 0 8,850
PIMCO DYNAMIC INCOME FD SHS 72201y101 1,431 45,352 SH   SOLE   35,920 0 9,432
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 2,178 37,000 SH   SOLE   37,000 0 0
PLAINS GP HLDGS L P SHS A REP LTPN 72651a108 2,463 80,370 SH   SOLE   68,600 0 11,770
POWERSHARES ETF TRUST WATER RESOURCE 73935x575 738 30,000 SH   SOLE   30,000 0 0
PROSHARES TR PSHS SHORT QQQ 74347r602 236 15,000 SH   SOLE   15,000 0 0
PROSHARES TR PSHS SHTRUSS2000 74347r826 315 18,350 SH   SOLE   18,350 0 0
PROSPECT CAPITAL CORPORATION COM 74348t102 120 12,100 SH   SOLE   12,100 0 0
QEP MIDSTREAM PARTNERS LP COM UNIT RP LTD 74735r115 585 24,700 SH   SOLE   24,700 0 0
QUANTUM FUEL SYS TECH WORLDW COM PAR $0.02 74765e307 74 20,000 SH   SOLE   0 0 20,000
REGENCY ENERGY PARTNERS L P COM UNITS L P 75885y107 1,415 43,368 SH   SOLE   40,200 0 3,168
RIGNET INC COM 766582100 6,864 169,700 SH   SOLE   164,000 0 5,700
SCHLUMBERGER LTD COM 806857108 366 3,600 SH   SOLE   3,600 0 0
SEADRILL PARTNERS LLC COMUNIT REP LB y7545w109 964 30,900 SH   SOLE   30,900 0 0
SEMGROUP CORP CL A 81663a105 350 4,200 SH   SOLE   4,200 0 0
SIGNET JEWELERS LIMITED SHS g81276100 940 8,250 SH   SOLE   8,250 0 0
SPDR SERIES TRUST S&P TRANSN ETF 78464a532 466 5,000 SH   SOLE   5,000 0 0
SPECTRA ENERGY PARTNERS LP COM 84756n109 1,076 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 709 12,900 SH   SOLE   12,900 0 0
SYNERGY PHARMACEUTICALS DEL COM NEW 871639308 56 20,000 SH   SOLE   20,000 0 0
TALLGRASS ENERGY PARTNERS LP COM UNIT 874697105 680 15,000 SH   SOLE   15,000 0 0
TARGA RES CORP COM 87612g101 1,089 8,000 SH   SOLE   8,000 0 0
TC PIPELINES LP UT COM LTD PRT 87233q108 414 6,116 SH   SOLE   5,950 0 166
TEEKAY CORPORATION COM y8564w103 1,128 17,000 SH   SOLE   17,000 0 0
TEEKAY OFFSHORE PARTNERS L P PARTNERSHIP UN y8565j101 376 11,200 SH   SOLE   11,200 0 0
TEXAS PAC LD TR SUB CTF PROP I T 882610108 770 4,000 SH   SOLE   4,000 0 0
TOWERSTREAM CORP COM 892000100 316 213,737 SH   SOLE   213,737 0 0
TRANSCANADA CORP COM 89353d107 361 7,000 SH   SOLE   7,000 0 0
TRINITY INDS INC COM 896522109 1,495 32,000 SH   SOLE   32,000 0 0
U S SILICA HLDGS INC COM 90346e103 625 10,000 SH   SOLE   10,000 0 0
UNION PAC CORP COM 907818108 1,735 16,000 SH   SOLE   16,000 0 0
VANGUARD WORLD FDS INF TECH ETF 92204a702 500 5,000 SH   SOLE   5,000 0 0
WESTERN GAS EQUITY PARTNERS COMUNT LTD PT 95825r103 2,041 33,500 SH   SOLE   33,500 0 0
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 660 8,800 SH   SOLE   8,800 0 0
WHITEWAVE FOODS CO COM 966244105 3,161 87,000 SH   SOLE   87,000 0 0
WILLIAMS COS INC DEL COM 969457100 4,467 80,700 SH   SOLE   75,400 0 5,300
WILLIAMS PARTNERS L P COM UNIT L P 96950f104 446 8,402 SH   SOLE   8,402 0 0
WISDOMTREE TR EUROPE SMCP DV 97717w869 459 8,750 SH   SOLE   8,750 0 0
YAHOO INC COM 984332106 1,956 48,000 SH   SOLE   48,000 0 0
ZIOPHARM ONCOLOGY INC COM 98973P101 358 135,700 SH Call SOLE   135,700 0 0
ZIOPHARM ONCOLOGY INC COM 98973p101 2,569 973,000 SH   SOLE   880,000 0 93,000