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 COMPANY COMMON STOCK 88579Y101 415 2,525 SH   SOLE 0 758 0 1,768
A T & T INC NEW COMMON STOCK 00206R102 1,388 41,317 SH   SOLE 0 12,395 0 28,922
ABBVIE INC COMMON STOCK 00287Y109 425 6,492 SH   SOLE 0 1,948 0 4,544
ACTAVIS INC COMMON STOCK G0083B108 7,591 29,491 SH   SOLE 0 11,938 0 12,134
AEGON NV 6.375% PFD PREFERRED STOCK 007924301 4,149 162,688 SH   SOLE 0 48,806 0 113,882
AETNA US HEALTHCARE INC COM COMMON STOCK 00817Y108 5,981 67,332 SH   SOLE 0 20,200 0 47,132
ALCOA INC COMMON STOCK 013817101 21,558 1,365,295 SH   SOLE 0 583,281 0 546,845
ALEXION PHARMACEUTICAL COMMON STOCK 015351109 1,457 7,874 SH   SOLE 0 2,362 0 5,511
ALLIANCE DATA SYS CORP COM COMMON STOCK 018581108 4,419 15,450 SH   SOLE 0 4,635 0 10,815
ALLIANCE RESOURCE PARTNERS L P UNIT COMMON STOCK 01877R108 344 8,000 SH   SOLE 0 2,400 0 5,600
ALLSTATE 6.75% SER C PERP PREFERRED STOCK 020002606 213 7,900 SH   SOLE 0 2,370 0 5,530
ALLSTATE CORP 6.625% PFD SER E PREFERRED STOCK 020002879 2,627 99,763 SH   SOLE 0 29,929 0 69,834
ALTRIA GROUP INC COMMON STOCK 02209S103 1,710 34,716 SH   SOLE 0 10,415 0 24,302
AMERICAN EXPRESS COMPANY COMMON STOCK 025816109 447 4,800 SH   SOLE 0 1,440 0 3,360
AMERICAN INTL GROUP COM COMMON STOCK 026874784 37,476 669,097 SH   SOLE 0 297,541 0 228,065
AMGEN INC COMMON STOCK 031162100 285 1,790 SH   SOLE 0 537 0 1,253
ANN INC COMMON STOCK 035623107 17,372 476,210 SH   SOLE 0 210,197 0 172,192
APPLE INC COMMON STOCK 037833100 76,752 695,339 SH   SOLE 0 281,451 0 311,191
ARCHER DANIELS- MIDLAND CO COMMON STOCK 039483102 29,351 564,442 SH   SOLE 0 249,192 0 198,851
AXIS CAPITAL HLDGS LTD PFD 6.875% S PREFERRED STOCK BMG0692U3 1,676 62,738 SH   SOLE 0 18,821 0 43,917
B&G FOODS COMMON STOCK 05508R106 1,057 35,335 SH   SOLE 0 10,600 0 24,734
BAC CAP TR VIII 6.00%35 TR PFD PREFERRED STOCK 05518T209 1,316 51,800 SH   SOLE 0 15,540 0 36,260
BANK OF AMERICA CORP COMMON STOCK 060505104 633 35,410 SH   SOLE 0 10,623 0 24,787
BB&T CORPORATION PFD 5.625% SER E PREFERRED STOCK 054937404 1,547 63,970 SH   SOLE 0 19,191 0 44,779
BERKSHIRE HATHAWAY CL A COMMON STOCK 084670108 1,243 6 SH   SOLE 0 2 0 4
BERKSHIRE HATHAWAY CL B COMMON STOCK 084670702 14,992 99,846 SH   SOLE 0 29,954 0 69,892
BIOGEN IDEC INC COMMON STOCK 09062X103 28,218 83,129 SH   SOLE 0 33,554 0 37,093
BOSTON BEER CO INC CL A CLASS A COMMON STOCK 100557107 22,894 79,071 SH   SOLE 0 31,444 0 35,509
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 4,143 70,183 SH   SOLE 0 21,055 0 49,128
C I T GROUP INC NEW COMMON STOCK 125581801 25,627 535,804 SH   SOLE 0 236,245 0 190,498
CABOT OIL & GAS CORP COM COMMON STOCK 127097103 6,310 213,111 SH   SOLE 0 63,933 0 149,178
CALIFORNIA RESOURCES CORP COMMON STOCK 13057Q107 63 11,361 SH   SOLE 0 3,408 0 7,953
CAPITAL ONE FINANCIAL CO PFD 6.00% PREFERRED STOCK 14040H402 493 20,210 SH   SOLE 0 6,063 0 14,147
CATERPILLAR INC COMMON STOCK 149123101 234 2,558 SH   SOLE 0 767 0 1,791
CELGENE CORP COMMON STOCK 151020104 32,075 286,743 SH   SOLE 0 125,729 0 101,851
CENTERPOINT ENERGY INC COM COMMON STOCK 15189T107 1,057 45,100 SH   SOLE 0 13,530 0 31,570
CHENIERE ENERGY INC COMMON STOCK 16411R208 839 11,924 SH   SOLE 0 3,577 0 8,347
CHEVRON CORPORATION COMMON STOCK 166764100 468 4,176 SH   SOLE 0 1,253 0 2,923
CHURCH & DWIGHT CO INC COMMON STOCK 171340102 821 10,417 SH   SOLE 0 3,125 0 7,292
CISCO SYSTEMS INC COMMON STOCK 17275R102 285 10,264 SH   SOLE 0 3,079 0 7,185
CITIGROUP CAPITAL XIII PFD 7.875% PREFERRED STOCK 173080201 369 13,885 SH   SOLE 0 4,166 0 9,720
CITIGROUP INC COMMON STOCK 172967424 310 5,737 SH   SOLE 0 1,721 0 4,016
CME GROUP INC CL A CLASS A COMMON STOCK 12572Q105 39,308 443,401 SH   SOLE 0 194,022 0 161,247
COGNEX CORPORATION COMMON STOCK 192422103 331 8,000 SH   SOLE 0 2,400 0 5,600
COMCAST CORP PFD 5.0% 12/15/61 SERI PREFERRED STOCK 20030N606 1,020 40,270 SH   SOLE 0 12,081 0 28,189
CONAGRA FOODS INC COMMON STOCK 205887102 2,757 76,000 SH   SOLE 0 22,800 0 53,200
CONOCOPHILLIPS COMMON STOCK 20825C104 329 4,767 SH   SOLE 0 1,430 0 3,337
COSTCO WHSL CORP COMMON STOCK 22160K105 735 5,187 SH   SOLE 0 1,556 0 3,631
CROWN CASTLE INTL 4.5% PFD SERIES A PREFERRED STOCK 22822V200 464 4,525 SH   SOLE 0 1,358 0 3,168
CVS HEALTH CORP COMMON STOCK 126650100 52,342 543,478 SH   SOLE 0 227,207 0 223,849
DANAHER CORP DEL COM COMMON STOCK 235851102 620 7,236 SH   SOLE 0 2,171 0 5,065
DARDEN RESTAURANTS INC COM COMMON STOCK 237194105 33,636 573,698 SH   SOLE 0 227,344 0 267,299
DAVITA HEALTHCARE COMMON STOCK 23918K108 3,283 43,340 SH   SOLE 0 13,002 0 30,338
DB CAP TRST II 6.55% PREFERRED STOCK 25153X208 207 7,900 SH   SOLE 0 2,370 0 5,530
DELTA AIR LINES INC NEW COMMON STOCK 247361702 1,529 31,080 SH   SOLE 0 9,324 0 21,756
DEUTSCHE BANK 6.625% PFD CAPITAL FN PREFERRED STOCK 25153Y206 3,902 152,705 SH   SOLE 0 45,812 0 106,894
DILLARDS CAP TR I 7.5%38 CAP SECS D PREFERRED STOCK 25406P200 357 13,719 SH   SOLE 0 4,116 0 9,603
DISCOVER FIN SVS 6.50% SER B PREFERRED STOCK 254709207 3,341 131,856 SH   SOLE 0 39,557 0 92,299
DISCOVER FINANCIAL SVCS COMMON STOCK 254709108 77,792 1,187,844 SH   SOLE 0 488,831 0 508,590
DISNEY WALT CO COMMON STOCK 254687106 262 2,786 SH   SOLE 0 836 0 1,950
DOMINO'S PIZZA, INC COMMON STOCK 25754A201 576 6,115 SH   SOLE 0 1,834 0 4,280
DOW CHEMICAL COMPANY COMMON STOCK 260543103 2,454 53,805 SH   SOLE 0 16,142 0 37,664
DU PONT E I DE NEMOUR&CO COMMON STOCK 263534109 22,206 300,327 SH   SOLE 0 116,947 0 144,520
DUKE ENERGY CORP NEW COMMON STOCK 26441C204 1,991 23,838 SH   SOLE 0 7,151 0 16,687
DUNKIN' BRANDS GROUP INC COMMON STOCK 265504100 24,220 567,883 SH   SOLE 0 251,097 0 202,184
E O G RESOURCES INC COMMON STOCK 26875P101 6,619 71,894 SH   SOLE 0 21,568 0 50,326
EATON CORPORATION COMMON STOCK G29183103 1,474 21,684 SH   SOLE 0 6,505 0 15,179
ELI LILLY & CO COMMON STOCK 532457108 3,008 43,598 SH   SOLE 0 13,079 0 30,519
ENBRIDGE ENERGY PRTNRS LP COMMON STOCK 29250R106 1,209 30,312 SH   SOLE 0 9,093 0 21,218
ENTERGY CORP NEW COM COMMON STOCK 29364G103 2,053 23,473 SH   SOLE 0 7,042 0 16,431
ENTERGY MISSISSIPPI 2051 1ST MTG BN PREFERRED STOCK 29364N835 1,177 45,445 SH   SOLE 0 13,634 0 31,812
ENTERPRISE PRD PRTNRS LP COMMON STOCK 293792107 11,489 318,080 SH   SOLE 0 95,424 0 222,656
EQUITY COMMONWEALTH COMMON STOCK 294628102 11,507 448,254 SH   SOLE 0 200,174 0 154,817
EQUITY COMMONWEALTH 5.75% PFD PREFERRED STOCK 294628508 634 27,475 SH   SOLE 0 8,242 0 19,232
ETRACS 2X LEVERAGED LONG ALERIAN ML EXCHANGE TRADED FUND 902664200 373 6,475 SH   SOLE 0 1,942 0 4,532
EXCO RESOURCES COMMON STOCK 269279402 288 132,885 SH   SOLE 0 39,866 0 93,020
EXXON MOBIL CORPORATION COMMON STOCK 30231G102 1,738 18,800 SH   SOLE 0 5,640 0 13,160
FACEBOOK INC COMMON STOCK 30303M102 40,218 515,477 SH   SOLE 0 210,402 0 223,896
FANUC LTD UNSPON ADR AMERICAN DEPOSITORY 307305102 20,871 756,837 SH   SOLE 0 332,100 7 268,040
FARMER MAC PFD 5.875% SERIES PREFERRED STOCK 313148801 253 10,075 SH   SOLE 0 3,022 0 7,052
FIRST REPUBLIC BANK PFD 6.7% SERIES PREFERRED STOCK 33616C209 201 7,630 SH   SOLE 0 2,289 0 5,341
FLOWSERVE CORPORATION COMMON STOCK 34354P105 23,683 395,844 SH   SOLE 0 172,668 0 145,734
FREEPORT MCMORAN COPPER A' COMMON STOCK 35671D857 436 18,656 SH   SOLE 0 5,597 0 13,059
GALLAGHER ARTHUR J & CO COMMON STOCK 363576109 1,365 29,000 SH   SOLE 0 8,700 0 20,300
GENERAL ELECTRIC COMPANY COMMON STOCK 369604103 4,085 161,652 SH   SOLE 0 48,496 0 113,156
GETTY REALTY CORP NEW COMMON STOCK 374297109 751 41,250 SH   SOLE 0 12,375 0 28,875
GILEAD SCIENCES INC. COMMON STOCK 375558103 10,039 106,507 SH   SOLE 0 31,952 0 74,555
GLOBAL PARTNERS LP COM UNITS COMMON STOCK 37946r109 567 17,200 SH   SOLE 0 5,160 0 12,040
GOLDMAN SACHS 6.125%60 SENIOR NT DU PREFERRED STOCK 38145X111 2,957 114,350 SH   SOLE 0 34,305 0 80,045
GOLDMAN SACHS GROUP PERPETUAL 5.95% PREFERRED STOCK 38145G209 203 8,200 SH   SOLE 0 2,460 0 5,740
GOOGLE INC - CLASS A COMMON STOCK 38259P508 8,362 15,757 SH   SOLE 0 4,727 0 11,030
GOOGLE INC - CLASS C COMMON STOCK 38259P706 621 1,180 SH   SOLE 0 354 0 826
GULFPORT ENERGY COMMON STOCK 402635304 602 14,415 SH   SOLE 0 4,324 0 10,090
HARTE-HANKS INC COM COMMON STOCK 416196103 249 32,168 SH   SOLE 0 9,650 0 22,518
HCA INC COMMON STOCK 404119109 371 5,050 SH   SOLE 0 1,515 0 3,535
HERSHEY COMPANY COMMON STOCK 427866108 25,656 246,857 SH   SOLE 0 103,450 0 100,854
HESS CORP COMMON STOCK 42809H107 19,335 261,926 SH   SOLE 0 109,437 0 106,160
HOLLY ENERGY PARTNERS COMMON STOCK 435763107 896 29,958 SH   SOLE 0 8,987 0 20,971
HOME DEPOT INC COMMON STOCK 437076102 54,268 516,982 SH   SOLE 0 208,555 0 230,836
HONEYWELL INTERNATIONAL COMMON STOCK 438516106 10,358 103,658 SH   SOLE 0 31,097 0 72,561
HSBC HLDGS PLC 8% PFD E PERPETUAL S PREFERRED STOCK 404280802 1,673 62,982 SH   SOLE 0 18,895 0 44,087
HSBC HOLDINGS 6.20% PREFERRED STOCK 404280604 261 10,165 SH   SOLE 0 3,050 0 7,116
HSBC USA INC SERIES G ADJ RATE PREFERRED STOCK 40428H888 884 38,035 SH   SOLE 0 11,410 0 26,624
HUGOTON ROYALTY TRUST TEXAS UNIT BE COMMON STOCK 444717102 447 52,800 SH   SOLE 0 15,840 0 36,960
INTEL CORP COMMON STOCK 458140100 369 10,160 SH   SOLE 0 3,048 0 7,112
INTEL CORP CONVERTIBLE BONDS 458140AD2 985 750,000 SH   SOLE 0 225,000 0 525,000
INTERNATIONAL PAPER CO COMMON STOCK 460146103 607 11,325 SH   SOLE 0 3,398 0 7,928
INTL BUSINESS MACHINES COMMON STOCK 459200101 925 5,765 SH   SOLE 0 1,730 0 4,036
JOHNSON & JOHNSON COMMON STOCK 478160104 5,004 47,856 SH   SOLE 0 14,357 0 33,499
JP MORGAN CHASE 6.70%40 GTD CAP SEC PREFERRED STOCK 48125E207 2,502 98,490 SH   SOLE 0 29,547 0 68,943
JP MORGAN CHASE SER T 6.7% PREFERRED STOCK 48127A161 594 22,500 SH   SOLE 0 6,750 0 15,750
JPMORGAN CHASE & CO COMMON STOCK 46625H100 2,829 45,210 SH   SOLE 0 13,563 0 31,647
KANSAS CITY SOUTHERN NEW COMMON STOCK 485170302 36,701 300,754 SH   SOLE 0 131,141 0 109,171
KEYCORP COMMON STOCK 493267108 170 12,233 SH   SOLE 0 3,670 0 8,563
KIMCO REALTY CORP 6.00% PFD SERIES PREFERRED STOCK 49446R794 5,021 200,058 SH   SOLE 0 60,017 0 140,040
KINDER MORGAN INC COMMON STOCK 49456B101 57,512 1,359,310 SH   SOLE 0 572,146 0 537,987
KKR & CO LP COMMON STOCK 48248M102 1,042 44,900 SH   SOLE 0 13,470 0 31,430
KKR FINANCIAL HOLDINGS 7.50% PFD PREFERRED STOCK 48248A504 1,235 45,146 SH   SOLE 0 13,544 0 31,602
KRAFT FOODS GROUP, INC COMMON STOCK 50076Q106 2,012 32,112 SH   SOLE 0 9,634 0 22,478
LOCKHEED MARTIN CORP COMMON STOCK 539830109 33,910 176,094 SH   SOLE 0 73,946 0 72,053
LORILLARD INC COMMON STOCK 544147101 2,827 44,923 SH   SOLE 0 13,477 0 31,446
LYONDELLBASELL INDS F CLASS A COMMON STOCK N53745100 24,452 308,002 SH   SOLE 0 116,864 0 151,907
M D U RESOURCES GROUP COMMON STOCK 552690109 284 12,075 SH   SOLE 0 3,622 0 8,452
M S CAP TRUST VI 6.60%46 CAP SECS D PREFERRED STOCK 617461207 220 8,600 SH   SOLE 0 2,580 0 6,020
MACY'S INC COMMON STOCK 55616P104 315 4,791 SH   SOLE 0 1,437 0 3,354
MALLINCKRODT PLC COMMON STOCK G5785G107 51,315 518,172 SH   SOLE 0 216,426 0 212,826
MARSH & MC LENNAN CO INC COMMON STOCK 571748102 1,106 19,329 SH   SOLE 0 5,799 0 13,530
MASTERCARD INC COMMON STOCK 57636Q104 10,346 120,075 SH   SOLE 0 36,022 0 84,052
MC DONALDS CORP COMMON STOCK 580135101 725 7,738 SH   SOLE 0 2,321 0 5,417
MEAD JOHNSON NUTRITION COMMON STOCK 582839106 236 2,352 SH   SOLE 0 706 0 1,646
MERCK & CO INC NEW COMMON STOCK 58933Y105 42,693 751,772 SH   SOLE 0 305,198 0 330,958
METLIFE 6.50% SER B PREFERRED STOCK 59156R603 2,238 86,750 SH   SOLE 0 26,025 0 60,725
MICROCHIP TECHNOLOGY INC COMMON STOCK 595017104 24,406 541,031 SH   SOLE 0 207,349 0 267,066
MICRON TECHNOLOGY INC COM COMMON STOCK 595112103 4,170 119,097 SH   SOLE 0 35,729 0 83,368
MICROSOFT CORP COMMON STOCK 594918104 56,466 1,215,640 SH   SOLE 0 495,654 0 530,572
MONDELEZ INTERNATIONAL INC COMMON STOCK 609207105 3,243 89,286 SH   SOLE 0 26,786 0 62,501
MONSANTO CO NEW COMMON STOCK 61166W101 327 2,740 SH   SOLE 0 822 0 1,918
MORGAN STANLEY COMMON STOCK 617446448 52,106 1,342,932 SH   SOLE 0 553,112 0 570,121
MORGAN STANLEY CAP 5.75% PREFERRED STOCK 617466206 340 13,550 SH   SOLE 0 4,065 0 9,485
NATURAL RESOURCE PTNR LP COMMON STOCK 63900P103 579 62,570 SH   SOLE 0 18,771 0 43,799
Nestle S A Spnsd ADR Repsting Reg S AMERICAN DEPOSITORY 641069406 4,210 57,712 SH   SOLE 0 17,314 9 40,398
NEW YORK COMMUNITY BANCORP INC COMMON STOCK 649445103 190 11,889 SH   SOLE 0 3,567 0 8,322
NEXTERA ENERGY CAPITAL 5.625% PFD PREFERRED STOCK 65339K704 1,767 71,809 SH   SOLE 0 21,543 0 50,266
NEXTERA ENERGY CAPITAL 5.7% PREFERRED STOCK 65339K605 4,094 166,146 SH   SOLE 0 49,844 0 116,303
NEXTERA ENERGY INC COMMON STOCK 65339F101 40,012 376,443 SH   SOLE 0 148,734 0 173,757
NOVO-NORDISK A-S ADR AMERICAN DEPOSITORY 670100205 16,006 378,216 SH   SOLE 0 113,465 8 264,751
NUSTAR ENERGY LP COMMON STOCK 67058H102 398 6,900 SH   SOLE 0 2,070 0 4,830
NXP SEMICONDUCTORS NV COMMON STOCK n6596x109 26,540 347,382 SH   SOLE 0 147,232 0 135,159
O REILLY AUTOMOTIVE COM COMMON STOCK 67103H107 18,678 96,969 SH   SOLE 0 40,290 0 39,851
OCCIDENTAL PETE CORP COMMON STOCK 674599105 2,200 27,288 SH   SOLE 0 8,186 0 19,102
OLD DOMINION FREIGHT LNS COMMON STOCK 679580100 7,931 102,146 SH   SOLE 0 30,644 0 71,502
OLIN CORP NEW COMMON STOCK 680665205 996 43,750 SH   SOLE 0 13,125 0 30,625
OMNICARE INC 3.25%35 CVT PUT DUE 12 CONVERTIBLE BONDS 681904al2 902 847,000 SH   SOLE 0 254,100 0 592,900
ONEOK INC NEW COMMON STOCK 682680103 574 11,528 SH   SOLE 0 3,458 0 8,070
PARK ELECTROCHEMICAL COM COMMON STOCK 700416209 485 19,450 SH   SOLE 0 5,835 0 13,615
PARTNERRE LTD 7.25% PFD E PREFERRED STOCK G68603508 288 10,800 SH   SOLE 0 3,240 0 7,560
PEPCO HOLDINGS INC COMMON STOCK 713291102 229 8,488 SH   SOLE 0 2,546 0 5,942
PFIZER INC COMMON STOCK 717081103 47,035 1,509,949 SH   SOLE 0 658,203 0 558,947
PHILIP MORRIS INTL INC COMMON STOCK 718172109 1,916 23,528 SH   SOLE 0 7,058 0 16,470
PITNEY BOWES INC PFD 6.7% PREFERRED STOCK 724479506 2,643 99,150 SH   SOLE 0 29,745 0 69,405
PLAINS ALL AMER PIPELINE LP COMMON STOCK 726503105 640 12,478 SH   SOLE 0 3,743 0 8,735
PLAINS GP HLDGS LP CL A COMMON STOCK 72651A108 2,144 83,489 SH   SOLE 0 25,047 0 58,442
PLUM CREEK TIMBER CO REIT COMMON STOCK 729251108 2,229 52,090 SH   SOLE 0 15,627 0 36,463
PNC FINANCIAL SERVICES 6.125% SERIE PREFERRED STOCK 693475857 4,390 158,147 SH   SOLE 0 47,444 0 110,703
PPL CORPORATION COMMON STOCK 69351T106 369 10,155 SH   SOLE 0 3,046 0 7,108
PRECISION CASTPARTS CORP COMMON STOCK 740189105 6,702 27,822 SH   SOLE 0 8,347 0 19,475
PRECISION DRILLING CORP COMMON STOCK 74022D308 256 42,200 SH   SOLE 0 12,660 0 29,540
PROCTER & GAMBLE COMMON STOCK 742718109 3,311 36,353 SH   SOLE 0 10,906 0 25,447
PRUDENTIAL FIN 5.750% 12/15/12 SER PREFERRED STOCK 744320607 218 8,700 SH   SOLE 0 2,610 0 6,090
PUB SVC ENT GROUP INC COMMON STOCK 744573106 847 20,445 SH   SOLE 0 6,134 0 14,312
PUBLIC STORAGE 5.375% PFD PREFERRED STOCK 74460W800 669 28,510 SH   SOLE 0 8,553 0 19,957
PUBLIC STORAGE 6.5% PFD PERP SERIES PREFERRED STOCK 74460D141 3,133 118,806 SH   SOLE 0 35,642 0 83,164
PUBLIC STORAGE PFD R 6.35% PREFERRED STOCK 74460D125 3,607 138,736 SH   SOLE 0 41,621 0 97,115
QUESTAR CORP COMMON STOCK 748356102 2,166 85,669 SH   SOLE 0 25,701 0 59,968
QWEST CORP 7.00% PFD 04/01/52 PREFERRED STOCK 74913G402 2,772 106,259 SH   SOLE 0 31,878 0 74,381
QWEST CORP PFD 7.375% PREFERRED STOCK 74913G204 3,288 122,678 SH   SOLE 0 36,803 0 85,875
R R DONNELLEY & SONS CO COMMON STOCK 257867101 1,393 82,900 SH   SOLE 0 24,870 0 58,030
RALPH LAUREN CORP CL A COMMON STOCK 751212101 9,356 50,530 SH   SOLE 0 15,159 0 35,371
RANGE RESOURCES CORP COMMON STOCK 75281A109 7,395 138,352 SH   SOLE 0 41,506 0 96,846
RAYONIER INC WITH STOCK SPLIT SHARE COMMON STOCK 754907103 1,411 50,500 SH   SOLE 0 15,150 0 35,350
RAYTHEON CO COM NEW COMMON STOCK 755111507 18,488 170,918 SH   SOLE 0 51,275 0 119,643
REED ELSEVIER ADR F SPONS AMERICAN DEPOSITORY 758205207 1,016 14,931 SH   SOLE 0 4,479 10 10,452
REGENCY ENERGY PARTNERS, LP COMMON STOCK 75885Y107 1,237 51,561 SH   SOLE 0 15,468 0 36,093
REGIONS FINANCIAL CORP COM COMMON STOCK 7591EP100 264 25,000 SH   SOLE 0 7,500 0 17,500
REINSURANCE GROUP OF AMERICA 6.2% P PREFERRED STOCK 759351703 4,070 146,613 SH   SOLE 0 43,984 0 102,629
ROPER INDUSTRIES INC COMMON STOCK 776696106 758 4,845 SH   SOLE 0 1,454 0 3,392
ROSS STORES INC COM COMMON STOCK 778296103 8,949 94,943 SH   SOLE 0 28,483 0 66,460
ROYAL DUTCH SHELL PLC COMMON STOCK 780259206 1,372 20,500 SH   SOLE 0 6,150 0 14,350
S P D R S&P 500 ETF TR EXPIRING 01/ COMMON STOCK 78462F103 2,918 14,197 SH   SOLE 0 4,259 0 9,938
SAREPTA THERAPEUTICS INC COMMON STOCK 803607100 207 14,328 SH   SOLE 0 4,298 0 10,030
SCHWAB CHARLES 6.0% PFD SER B PREFERRED STOCK 808513204 569 22,225 SH   SOLE 0 6,668 0 15,558
SEAGATE TECHNOLOGY SHS COMMON STOCK G7945M107 941 14,148 SH   SOLE 0 4,244 0 9,904
SENOMYX INC COMMON STOCK 81724Q107 605 100,635 SH   SOLE 0 30,190 0 70,444
SHERWIN WILLIAMS CO COMMON STOCK 824348106 10,668 40,558 SH   SOLE 0 12,167 0 28,391
SIMON PPTY GP 8.375% SER J PFD PREFERRED STOCK 828806885 735 10,895 SH   SOLE 0 3,268 0 7,626
SIMPSON MFG CO INC COM COMMON STOCK 829073105 858 24,800 SH   SOLE 0 7,440 0 17,360
SLM CORP 6.97% PFD SERIES A 12/31/4 PREFERRED STOCK 78442P205 382 7,741 SH   SOLE 0 2,322 0 5,419
SOUTHWEST AIRLINES CO COMMON STOCK 844741108 17,174 405,808 SH   SOLE 0 121,742 0 284,066
SPECTRA ENRGY PARTNERS LP COMMON STOCK 84756N109 790 13,866 SH   SOLE 0 4,160 0 9,706
STANLEY BLACK & DECKER I PFD 5.75% PREFERRED STOCK 854502705 5,083 201,220 SH   SOLE 0 60,366 0 140,854
STATE STREET CORP 5.25% SERIES C PREFERRED STOCK 857477509 486 21,175 SH   SOLE 0 6,352 0 14,822
STERICYCLE INC COMMON STOCK 858912108 2,087 15,925 SH   SOLE 0 4,778 0 11,148
STRATASYS COMMON STOCK M85548101 769 9,257 SH   SOLE 0 2,777 0 6,480
TARGET CORP COMMON STOCK 87612E106 1,988 26,192 SH   SOLE 0 7,858 0 18,334
TECO ENERGY INC COMMON STOCK 872375100 2,186 106,700 SH   SOLE 0 32,010 0 74,690
TELEFLEX INC COM COMMON STOCK 879369106 436 3,794 SH   SOLE 0 1,138 0 2,656
TEXAS CAPITAL BK 6.50% 9/1/42 SER PREFERRED STOCK 882228307 453 18,275 SH   SOLE 0 5,482 0 12,792
THE SOUTHERN COMPANY COMMON STOCK 842587107 1,920 39,103 SH   SOLE 0 11,731 0 27,372
THERMO FISHER SCIENTIFIC INC COMMON STOCK 883556102 461 3,676 SH   SOLE 0 1,103 0 2,573
TOLL BROTHERS INC COMMON STOCK 889478103 12,616 368,148 SH   SOLE 0 110,444 0 257,704
TRACTOR SUPPLY CO COMMON STOCK 892356106 1,579 20,037 SH   SOLE 0 6,011 0 14,026
TRIBUNE MEDIA CO COMMON STOCK 896047503 4,889 81,795 SH   SOLE 0 24,538 0 57,256
TYCO INTL LTD COMMON STOCK G91442106 201 4,591 SH   SOLE 0 1,377 0 3,214
UNITED STATES SHORT OIL FUND LP EXCHANGE TRADED FUND 912613205 232 4,198 SH   SOLE 0 1,259 0 2,939
UNITED TECHNOLOGIES COMMON STOCK 913017109 698 6,066 SH   SOLE 0 1,820 0 4,246
US BANCORP PFD 6% SER G PREFERRED STOCK 902973817 623 22,975 SH   SOLE 0 6,892 0 16,082
US BANCORP PFD SERIES F 6.50% PREFERRED STOCK 902973833 2,074 70,428 SH   SOLE 0 21,128 0 49,300
US CELLULAR CORP 6.95% PFD 05/15/60 PREFERRED STOCK 911684405 1,953 80,059 SH   SOLE 0 24,018 0 56,041
VENTAS INC COM COMMON STOCK 92276F100 12,438 173,468 SH   SOLE 0 52,040 0 121,428
VERISK ANALYTICS INC CL A COMMON STOCK 92345Y106 1,185 18,500 SH   SOLE 0 5,550 0 12,950
VERIZON COMMUNICATIONS COMMON STOCK 92343V104 2,252 48,142 SH   SOLE 0 14,443 0 33,700
VERIZON COMMUNICATIONS SR NT 5.9% P PREFERRED STOCK 92343V302 662 25,275 SH   SOLE 0 7,582 1 17,692
VISA INC CL A CLASS A COMMON STOCK 92826C839 13,276 50,632 SH   SOLE 0 15,190 0 35,442
VORNADO REALTY TRUST PFD 6.875% SER PREFERRED STOCK 929042869 5,817 219,917 SH   SOLE 0 65,975 2 153,942
WAL-MART STORES INC COMMON STOCK 931142103 14,608 170,096 SH   SOLE 0 51,029 0 119,067
WASTE MANAGEMENT INC DEL COMMON STOCK 94106L109 1,956 38,109 SH   SOLE 0 11,433 0 26,676
WELLS FARGO & CO 5.85% PFD PREFERRED STOCK 949746556 2,622 102,237 SH   SOLE 0 30,671 3 71,566
WELLS FARGO & CO NEW COMMON STOCK 949746101 46,090 840,750 SH   SOLE 0 252,225 0 588,525
WELLS FARGO & CO NEW DEP SHS REPSTG PREFERRED STOCK 949746747 559 24,105 SH   SOLE 0 7,232 4 16,874
WELLS FARGO & CO NEW DEP1/1000PF CL PREFERRED STOCK 949746655 2,082 88,465 SH   SOLE 0 26,540 5 61,926
WEYERHAEUSER CO COMMON STOCK 962166104 854 23,805 SH   SOLE 0 7,142 0 16,664
WEYERHAEUSER CO 6.375% SER A PFD PREFERRED STOCK 962166872 1,070 18,543 SH   SOLE 0 5,563 6 12,980
WILLIAMS PARTNERS LP COMMON STOCK 96950F104 1,350 30,157 SH   SOLE 0 9,047 0 21,110
WIND ENERGY AMERICA INC COMMON STOCK 973146103 0 30,000 SH   SOLE 0 9,000 0 21,000
XCEL ENERGY INC COMMON STOCK 98389B100 501 13,950 SH   SOLE 0 4,185 0 9,765