13F-HR 1 Dec13ftable2012.txt DECEMBER 2012 FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Alerian MLP COM 00162Q866 997 62510 SH SOLE 62510 DCP Midstream Partners, LP COM 23311P100 1289 30880 SH SOLE 30880 Enbridge Energy Mgmt. COM 29250x103 940 32532 SH SOLE 32532 Energy Transfer Equity LP COM 29273V100 1134 24930 SH SOLE 24930 Enterprise Prod Partners COM 293792107 2378 47475 SH SOLE 47475 Magellan Midstream Partners, L COM 559080106 2085 48272 SH SOLE 48272 Northstar Realty Finance Corp. COM 66704r100 1316 186895 SH SOLE 186895 Oneok Inc. COM 682680103 1190 27830 SH SOLE 27830 Plains All American Pipeline L COM 726503105 1551 34276 SH SOLE 34276 Resource Capital COM 76120W302 656 117207 SH SOLE 117207 Teekay Corp. COM y8564w103 1341 41780 SH SOLE 41780 Teekay Offshore Partners, L.P. COM y8565j101 925 35560 SH SOLE 35560 Two Harbors Investment Corp. COM 90187B101 1354 122230 SH SOLE 122230 Abbott Laboratories COM 002824100 1000 15260 SH SOLE 15260 Allergan Inc. COM 018490102 921 10040 SH SOLE 10040 American Intl. Group COM 026874784 1731 49040 SH SOLE 49040 Anheuser-Busch InBev COM b5064a925 229 2620 SH SOLE 2620 Anheuser-Busch Inbev ADR COM 03524A108 2584 29560 SH SOLE 29560 Apple Computer COM 037833100 559 1050 SH SOLE 1050 Bancorp Inc COM 05969a105 1249 113813 SH SOLE 113813 Bank of America COM 060505104 724 62350 SH SOLE 62350 CVS/Caremark COM 126650100 1309 27070 SH SOLE 27070 Cash America International, In COM 14754d100 255 6430 SH SOLE 6430 Citigroup COM 172967424 2673 67560 SH SOLE 67560 Coca Cola Co. COM 191216100 1491 41140 SH SOLE 41140 Crown Holdings Inc . COM 228368106 704 19130 SH SOLE 19130 Ford Motor Co. COM 345370860 689 53230 SH SOLE 53230 Goldman Sachs Inc. COM 38141G104 315 2470 SH SOLE 2470 Google COM 38259P508 1217 1720 SH SOLE 1720 IBM COM 459200101 315 1645 SH SOLE 1645 Johnson & Johnson COM 478160104 2458 35060 SH SOLE 35060 Kunlun Energy COM g5320c108 716 344000 SH SOLE 344000 MasterCard Inc. COM 57636q104 526 1070 SH SOLE 1070 McCormick & Co. COM 579780206 697 10970 SH SOLE 10970 Mondelez International Inc. COM 609207105 513 20150 SH SOLE 20150 Morgan Stanley COM 617446448 316 16510 SH SOLE 16510 Nestle Spons ADR COM 641069406 1876 28805 SH SOLE 28805 Philip Morris COM 718172109 797 9525 SH SOLE 9525 Resource America COM 761195205 183 27439 SH SOLE 27439 Roche Holding AG COM 771195104 932 18540 SH SOLE 18540 Visa COM 92826c839 678 4470 SH SOLE 4470 Wal-Mart Stores COM 931142103 878 12870 SH SOLE 12870 Wells Fargo COM 949746101 1157 33860 SH SOLE 33860 iShr MSCI Emerg Mkts ET COM 464287234 961 21670 SH SOLE 21670 Resource America Warrants rexiwarra 417 229412 SH SOLE 229412 Telligent Greater China Fund L 1023 974000 SH SOLE 974000 Telligent Greater China Fund, 1648 1570000 SH SOLE 1570000