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 288 1,385 SH   SOLE   0 0 1,385
A T & T INC COM 00206r102 484 15,436 SH   SOLE   0 0 15,436
ACHILLION PHARMACEUTICAL COM 00448Q201 65 22,000 SH   SOLE   0 0 22,000
ADVANCED MICRO DEVIC COM 007903107 300 11,740 SH   SOLE   0 0 11,740
AIR PROD & CHEMICALS COM 009158106 471 2,467 SH   SOLE   0 0 2,467
ALEXANDRIA REAL EST REIT COM 015271109 314 2,200 SH   SOLE   0 0 2,200
ALPHABET INC. CLASS A COM 02079k305 2,952 2,508 SH   SOLE   0 0 2,508
ALPHABET INC. CLASS C COM 02079k107 3,711 3,163 SH   SOLE   0 0 3,163
AMAZON.COM INC COM 023135106 1,293 726 SH   SOLE   0 0 726
AMERICAN EXPRESS CO COM 025816109 1,637 14,973 SH   SOLE   0 0 14,973
AMGEN INC. COM 031162100 838 4,411 SH   SOLE   0 0 4,411
ANALOG DEVICES INC COM 032654105 1,425 13,533 SH   SOLE   0 0 13,533
ANWORTH MTG AST CORP COM COM 037347101 162 40,000 SH   SOLE   0 0 40,000
APPLE INC COM 037833100 9,135 48,089 SH   SOLE   0 0 48,089
B G C PARTNERS CLASS A COM 05541t101 2,297 432,550 SH   SOLE   0 0 432,550
BANK OF AMERICA CORP COM 060505104 2,116 76,710 SH   SOLE   0 0 76,710
BERKSHIRE HATHAWAY CL B COM 084670702 946 4,710 SH   SOLE   0 0 4,710
BOEING CO COM 097023105 344 902 SH   SOLE   0 0 902
BP PLC F SPONSORED ADR COM 055622104 2,075 47,450 SH   SOLE   0 0 47,450
BRISTOL-MYERS SQUIBB COM 110122108 364 7,628 SH   SOLE   0 0 7,628
CANADIAN NATL RAILWY F COM 136375102 452 5,050 SH   SOLE   0 0 5,050
CATERPILLAR INC COM 149123101 318 2,350 SH   SOLE   0 0 2,350
CELGENE CORP COM 151020104 408 4,320 SH   SOLE   0 0 4,320
CHARLES SCHWAB CORP COM 808513105 1,741 40,725 SH   SOLE   0 0 40,725
CHECK PT SOFTWARE F COM m22465104 3,032 23,971 SH   SOLE   0 0 23,971
CHEVRON CORP COM 166764100 2,342 19,013 SH   SOLE   0 0 19,013
CONOCOPHILLIPS COM 20825c104 928 13,905 SH   SOLE   0 0 13,905
CONSTELLATION BRAND CL A COM 21036p108 687 3,920 SH   SOLE   0 0 3,920
COSTCO WHOLESALE CO COM 22160k105 463 1,914 SH   SOLE   0 0 1,914
CYMABAY THERAPEUTICS COM 23257d103 547 41,200 SH   SOLE   0 0 41,200
DUKE ENERGY CORP COM 26441c204 874 9,716 SH   SOLE   0 0 9,716
EAST WEST BANCORP COM 27579r104 432 9,000 SH   SOLE   0 0 9,000
EDWARDS LIFESCIENCES COM 28176e108 241 1,260 SH   SOLE   0 0 1,260
ELI LILLY & CO. COM 532457108 370 2,850 SH   SOLE   0 0 2,850
ENBRIDGE INC COM 29250N105 307 8,462 SH   SOLE   0 0 8,462
ENERGOUS CORP COM 29272c103 3,705 584,325 SH   SOLE   0 0 584,325
ENPHASE ENERGY INC COM 29355a107 1,140 123,563 SH   SOLE   0 0 123,563
EQUIFAX INC COM 294429105 296 2,500 SH   SOLE   0 0 2,500
EQUITY RESIDENTIAL COM 29476L107 226 3,000 SH   SOLE   0 0 3,000
EURONAV NV F COM b38564108 654 80,300 SH   SOLE   0 0 80,300
EXXON MOBIL CORP COM 30231g102 874 10,818 SH   SOLE   0 0 10,818
FATE THERAPEUTICS COM 31189p102 482 27,450 SH   SOLE   0 0 27,450
FIBROGEN INC COM 31572q808 1,950 35,885 SH   SOLE   0 0 35,885
GENERAL DYNAMICS CO COM 369550108 339 2,000 SH   SOLE   0 0 2,000
GILEAD SCIENCES INC COM 375558103 2,987 45,944 SH   SOLE   0 0 45,944
HALLIBURTON CO COM COM 406216101 950 32,426 SH   SOLE   0 0 32,426
HALOZYME THERAPEUTIC COM 40637h109 2,352 146,070 SH   SOLE   0 0 146,070
HLTHCARE TR OF AMER REIT COM 42225p501 489 17,100 SH   SOLE   0 0 17,100
HOME DEPOT INC COM COM 437076102 623 3,248 SH   SOLE   0 0 3,248
HONEYWELL INTL INC COM 438516106 636 4,000 SH   SOLE   0 0 4,000
IBM CORP COM 459200101 680 4,821 SH   SOLE   0 0 4,821
INTEL CORP COM 458140100 2,136 39,769 SH   SOLE   0 0 39,769
J P MORGAN CHASE & CO COM 46625h100 613 6,054 SH   SOLE   0 0 6,054
JOHNSON & JOHNSON COM 478160104 2,500 17,883 SH   SOLE   0 0 17,883
KIMBERLY-CLARK CORP COM COM 494368103 479 3,870 SH   SOLE   0 0 3,870
LEXINGTON REALTY TR REIT COM 529043101 2,322 256,250 SH   SOLE   0 0 256,250
LOCKHEED MARTIN CORP COM 539830109 1,007 3,355 SH   SOLE   0 0 3,355
LOWES COS INC COM COM 548661107 475 4,336 SH   SOLE   0 0 4,336
MARATHON PETE CORP COM 56585a102 1,984 33,150 SH   SOLE   0 0 33,150
MEDICAL PROPERTIES REIT COM 58463j304 2,923 157,900 SH   SOLE   0 0 157,900
MERCK & CO. INC. COM 58933y105 2,624 31,555 SH   SOLE   0 0 31,555
MICROCHIP TECHNOLOGY COM 595017104 3,923 47,285 SH   SOLE   0 0 47,285
MICROSOFT CORP COM 594918104 918 7,781 SH   SOLE   0 0 7,781
MONDELEZ INTL INC COM 609207105 292 5,853 SH   SOLE   0 0 5,853
NETFLIX INC COM 64110l106 2,261 6,340 SH   SOLE   0 0 6,340
NEW RESIDENTIAL INVE REIT COM 64828t201 4,936 291,900 SH   SOLE   0 0 291,900
NEWMARK GROUP INC COM 65158n102 1,906 228,497 SH   SOLE   0 0 228,497
NIKE INC CLASS B COM 654106103 352 4,175 SH   SOLE   0 0 4,175
NOVARTIS AG SPONS ADR COM 66987V109 609 6,335 SH   SOLE   0 0 6,335
NVIDIA CORP COM 67066g104 509 2,837 SH   SOLE   0 0 2,837
PEPSICO INC COM 713448108 1,271 10,370 SH   SOLE   0 0 10,370
PFIZER INC COM COM 717081103 810 19,081 SH   SOLE   0 0 19,081
PHILIP MORRIS INTL INC COM 718172109 228 2,576 SH   SOLE   0 0 2,576
PHILLIPS 66 COM 718546104 1,744 18,323 SH   SOLE   0 0 18,323
PROCTER & GAMBLE COM 742718109 807 7,756 SH   SOLE   0 0 7,756
QUALCOMM INC COM 747525103 970 17,000 SH   SOLE   0 0 17,000
RAYTHEON CO COM 755111507 269 1,478 SH   SOLE   0 0 1,478
REDWOOD TRUST INC. REIT COM 758075402 365 22,617 SH   SOLE   0 0 22,617
RESONANT INC COM 76118l102 41 13,800 SH   SOLE   0 0 13,800
SHIP FIN INTL F COM g81075106 3,340 270,700 SH   SOLE   0 0 270,700
SPRAGUE RESOURCES LP LP COM 849343108 1,183 64,000 SH   SOLE   0 0 64,000
STAG INDUSTRIAL INC REIT COM 85254j102 1,878 63,350 SH   SOLE   0 0 63,350
STANLEY BLACK & DECKER INC COM 854502101 274 2,014 SH   SOLE   0 0 2,014
STARBUCKS CORP COM 855244109 1,738 23,385 SH   SOLE   0 0 23,385
TEXAS INSTRUMENTS COM COM 882508104 754 7,106 SH   SOLE   0 0 7,106
THE COCA-COLA CO COM 191216100 373 7,955 SH   SOLE   0 0 7,955
U S BANCORP COM 902973304 633 13,132 SH   SOLE   0 0 13,132
UNIQURE N V F COM n90064101 903 15,145 SH   SOLE   0 0 15,145
UNITED TECHNOLOGIES CORP COM 913017109 249 1,932 SH   SOLE   0 0 1,932
VERIZON COMMUNICATN COM 92343v104 1,636 27,669 SH   SOLE   0 0 27,669
VERTEX PHARMACEUTICALS COM 92532F100 423 2,300 SH   SOLE   0 0 2,300
WABTEC CORP COM 929740108 296 4,018 SH   SOLE   0 0 4,018
WALT DISNEY CO COM 254687106 979 8,813 SH   SOLE   0 0 8,813
WELLS FARGO BK N A COM 949746101 464 9,600 SH   SOLE   0 0 9,600
XILINX INC COM 983919101 456 3,600 SH   SOLE   0 0 3,600