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 316 1,999 SH   SOLE   1,999 0 0
ABBOTT LABS COM 002824100 457 9,815 SH   SOLE   9,815 0 0
ABBVIE INC COM 00287Y109 632 9,815 SH   SOLE   9,815 0 0
ACE LTD SHS H0023R105 314 2,919 SH   SOLE   2,919 0 0
ACRE RLTY INVS INC COM 00489F106 16 10,052 SH   SOLE   10,052 0 0
ADOBE SYS INC COM 00724F101 658 8,600 SH   SOLE   8,600 0 0
AES CORP COM 00130H105 224 16,865 SH   SOLE   16,865 0 0
AFLAC INC COM 001055102 284 4,500 SH   SOLE   4,500 0 0
ALCOA INC COM 013817101 647 45,531 SH   SOLE   45,531 0 0
ALLIANCEBERNSTEIN HOLDING LP UNIT LTD PARTN 01881G106 402 12,500 SH   SOLE   12,500 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 207 10,000 SH   SOLE   10,000 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 339 21,055 SH   SOLE   21,055 0 0
AMERICAN EXPRESS CO COM 025816109 308 3,969 SH   SOLE   3,969 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 168 10,000 SH   SOLE   10,000 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 89 17,344 SH   SOLE   17,344 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 396 10,360 SH   SOLE   10,360 0 0
APOLLO INVT CORP COM 03761U106 294 36,900 SH   SOLE   36,900 0 0
APPLE INC COM 037833100 3,196 24,980 SH   SOLE   24,980 0 0
APPLIED MATLS INC COM 038222105 440 21,965 SH   SOLE   21,965 0 0
ARROW ELECTRS INC COM 042735100 419 6,700 SH   SOLE   6,700 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 161 18,280 SH   SOLE   18,280 0 0
ASHLAND INC NEW COM 044209104 515 4,001 SH   SOLE   4,001 0 0
AT&T INC COM 00206R102 1,937 56,337 SH   SOLE   56,337 0 0
AVIS BUDGET GROUP COM 053774105 912 16,414 SH   SOLE   16,414 0 0
BANCO SANTANDER SA ADR 05964H105 135 17,894 SH   SOLE   17,894 0 0
BANK AMER CORP COM 060505104 362 22,457 SH   SOLE   22,457 0 0
BB&T CORP COM 054937107 351 9,112 SH   SOLE   9,112 0 0
BEACON ROOFING SUPPLY INC COM 073685109 327 10,948 SH   SOLE   10,948 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,677 11,730 SH   SOLE   11,730 0 0
BOEING CO COM 097023105 298 2,056 SH   SOLE   2,056 0 0
BOSTON SCIENTIFIC CORP COM 101137107 234 13,322 SH   SOLE   13,322 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1,173 18,197 SH   SOLE   18,197 0 0
CANADIAN PAC RY LTD COM 13645T100 1,744 8,958 SH   SOLE   8,958 0 0
CARDINAL HEALTH INC COM 14149Y108 1,310 15,330 SH   SOLE   15,330 0 0
CDN IMPERIAL BK COMM TORONTO COM 136069101 328 4,100 SH   SOLE   4,100 0 0
CELGENE CORP COM 151020104 397 3,590 SH   SOLE   3,590 0 0
CHEVRON CORP NEW COM 166764100 681 6,253 SH   SOLE   6,253 0 0
CISCO SYS INC COM 17275R102 1,438 49,408 SH   SOLE   49,408 0 0
COCA COLA CO COM 191216100 1,147 28,094 SH   SOLE   28,094 0 0
COMPUTER SCIENCES CORP COM 205363104 248 3,800 SH   SOLE   3,800 0 0
CONAGRA FOODS INC COM 205887102 262 7,200 SH   SOLE   7,200 0 0
CONOCOPHILLIPS COM 20825C104 395 5,890 SH   SOLE   5,890 0 0
CORNING INC COM 219350105 708 33,230 SH   SOLE   33,230 0 0
CST BRANDS INC COM 12646R105 331 7,894 SH   SOLE   7,894 0 0
DISCOVER FINL SVCS COM 254709108 917 15,495 SH   SOLE   15,495 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 317 10,386 SH   SOLE   10,386 0 0
DISNEY WALT CO COM DISNEY 254687106 3,443 31,226 SH   SOLE   31,226 0 0
DONNELLEY R R & SONS CO COM 257867101 572 30,350 SH   SOLE   30,350 0 0
DOVER CORP COM 260003108 842 11,186 SH   SOLE   11,186 0 0
DOW CHEM CO COM 260543103 530 10,248 SH   SOLE   10,248 0 0
EATON VANCE FLTING RATE INC COM 278279104 335 22,700 SH   SOLE   22,700 0 0
EMCOR GROUP INC COM 29084Q100 536 11,850 SH   SOLE   11,850 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 288 4,878 SH   SOLE   4,878 0 0
EQUITY ONE COM 294752100 333 13,503 SH   SOLE   13,503 0 0
EXXON MOBIL CORP COM 30231G102 390 4,397 SH   SOLE   4,397 0 0
FACEBOOK INC CL A 30303M102 304 3,845 SH   SOLE   3,845 0 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 218 11,500 SH   SOLE   11,500 0 0
FIRST POTOMAC RLTY TR COM 33610F109 169 15,820 SH   SOLE   15,820 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 219 13,900 SH   SOLE   13,900 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 496 59,800 SH   SOLE   59,800 0 0
FREEPORT-MCMORAN INC CL B 35671D857 640 27,127 SH   SOLE   27,127 0 0
FREIGHTCAR AMER INC COM 357023100 227 8,255 SH   SOLE   8,255 0 0
GENERAL ELECTRIC CO COM 369604103 1,286 47,240 SH   SOLE   47,240 0 0
GENERAL MLS INC COM 370334104 208 3,750 SH   SOLE   3,750 0 0
GLOBAL PMTS INC COM 37940X102 1,581 15,600 SH   SOLE   15,600 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 233 8,231 SH   SOLE   8,231 0 0
GUESS INC COM 401617105 204 11,050 SH   SOLE   11,050 0 0
HANESBRANDS INC COM 410345102 843 26,933 SH   SOLE   26,933 0 0
HARLEY DAVIDSON INC COM 412822108 292 5,156 SH   SOLE   5,156 0 0
HARRIS CORP DEL COM 413875105 531 6,600 SH   SOLE   6,600 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 190 11,600 SH   SOLE   11,600 0 0
HERSHEY CO COM 427866108 646 6,900 SH   SOLE   6,900 0 0
HONDA MOTOR LTD AMERN SHS 438128308 318 9,300 SH   SOLE   9,300 0 0
HUGOTON RTY TR TEX UNIT BEN INT 444717102 128 25,608 SH   SOLE   25,608 0 0
ICAHN ENTERPRISES LP DEPOSITARY UNIT 451100101 820 8,954 SH   SOLE   8,954 0 0
INGRAM MICRO INC CL A 457153104 667 26,000 SH   SOLE   26,000 0 0
INTEL CORP COM 458140100 2,725 81,579 SH   SOLE   81,579 0 0
INVESCO CALIF VALUE MUN INC COM 46132H106 189 14,327 SH   SOLE   14,327 0 0
JABIL CIRCUIT INC COM 466313103 241 10,500 SH   SOLE   10,500 0 0
JOHNSON & JOHNSON COM 478160104 786 7,862 SH   SOLE   7,862 0 0
KIMBERLY CLARK CORP COM 494368103 244 2,200 SH   SOLE   2,200 0 0
KNOWLES CORP COM 49926D109 527 27,544 SH   SOLE   27,544 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 474 16,511 SH   SOLE   16,511 0 0
KRAFT FOODS GROUP INC COM 50076Q106 341 4,021 SH   SOLE   4,021 0 0
LEGG MASON INC COM 524901105 346 6,319 SH   SOLE   6,319 0 0
LEXINGTON REALTY TRUST COM 529043101 215 23,081 SH   SOLE   23,081 0 0
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 312 7,178 SH   SOLE   7,178 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 1,216 41,884 SH   SOLE   41,884 0 0
MARSH & MCLENNAN COS INC COM 571748102 334 5,905 SH   SOLE   5,905 0 0
MCDONALDS CORP COM 580135101 514 5,251 SH   SOLE   5,251 0 0
MCGRAW HILL FINL INC COM 580645109 1,985 19,027 SH   SOLE   19,027 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 219 15,647 SH   SOLE   15,647 0 0
MERCK & CO INC NEW COM 58933Y105 1,920 32,042 SH   SOLE   32,042 0 0
METLIFE INC COM 59156R108 904 17,375 SH   SOLE   17,375 0 0
MFS CALIF MUN FD COM 59318C106 157 13,318 SH   SOLE   13,318 0 0
MICROSOFT CORP COM 594918104 2,917 60,063 SH   SOLE   60,063 0 0
MONDELEZ INTL INC CL A 609207105 1,765 45,800 SH   SOLE   45,800 0 0
MORGAN STANLEY COM NEW 617446448 484 12,939 SH   SOLE   12,939 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 204 3,390 SH   SOLE   3,390 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 427 25,000 SH   SOLE   25,000 0 0
NEWELL RUBBERMAID INC COM 651229106 363 9,138 SH   SOLE   9,138 0 0
NUVEEN CAL AMT-FREE MUN INC COM 670651108 220 14,818 SH   SOLE   14,818 0 0
ONE LIBERTY PPTYS INC COM 682406103 361 16,132 SH   SOLE   16,132 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 210 22,220 SH   SOLE   22,220 0 0
PFIZER INC COM 717081103 2,028 59,549 SH   SOLE   59,549 0 0
PHILLIPS 66 COM 718546104 262 3,215 SH   SOLE   3,215 0 0
POOL CORPORATION COM 73278L105 1,097 16,616 SH   SOLE   16,616 0 0
POTASH CORP SASK INC COM 73755L107 1,432 43,889 SH   SOLE   43,889 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 340 3,126 SH   SOLE   3,126 0 0
PROCTER & GAMBLE CO COM 742718109 547 6,829 SH   SOLE   6,829 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 953 12,499 SH   SOLE   12,499 0 0
PUBLIC STORAGE COM 74460D109 1,141 5,984 SH   SOLE   5,984 0 0
RAYONIER INC COM 754907103 250 9,680 SH   SOLE   9,680 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 294 26,532 SH   SOLE   26,532 0 0
SCHWAB CHARLES CORP NEW COM 808513105 335 10,920 SH   SOLE   10,920 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 954 16,000 SH   SOLE   16,000 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1,041 14,340 SH   SOLE   14,340 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 430 17,688 SH   SOLE   17,688 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 349 6,200 SH   SOLE   6,200 0 0
SOUTHERN COPPER CORP COM 84265V105 350 10,612 SH   SOLE   10,612 0 0
SOUTHWEST AIRLS CO COM 844741108 456 10,750 SH   SOLE   10,750 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 561 2,665 SH   SOLE   2,665 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 130 20,800 SH   SOLE   20,800 0 0
TC PIPELINES LP UT COM LTD PRT 87233Q108 679 10,148 SH   SOLE   10,148 0 0
TEEKAY CORPORATION COM Y8564W103 231 4,660 SH   SOLE   4,660 0 0
TELETECH HOLDINGS INC COM 879939106 261 10,000 SH   SOLE   10,000 0 0
TEREX CORP NEW COM 880779103 547 19,600 SH   SOLE   19,600 0 0
THERAVANCE INC COM 88338T104 673 41,001 SH   SOLE   41,001 0 0
TIME WARNER INC COM NEW 887317303 213 2,482 SH   SOLE   2,482 0 0
TIMKENSTEEL CORP COM 887399103 1,656 53,593 SH   SOLE   53,593 0 0
TRANSOCEAN LTD REG SHS H8817H100 435 22,901 SH   SOLE   22,901 0 0
TRIPADVISOR INC COM 896945201 232 8,094 SH   SOLE   8,094 0 0
TRUSTMARK CORP COM 898402102 400 16,911 SH   SOLE   16,911 0 0
UNILEVER PLC SPON ADR NEW 904767704 284 6,500 SH   SOLE   6,500 0 0
UNISYS CORP COM NEW 909214306 464 21,325 SH   SOLE   21,325 0 0
UTI WORLDWIDE INC ORD G87210103 100 11,240 SH   SOLE   11,240 0 0
VANGUARD INDEX FDS REIT ETF 922908553 208 2,600 SH   SOLE   2,600 0 0
VANGUARD INDEX FDS MID CAP ETF 922908629 285 2,200 SH   SOLE   2,200 0 0
VANGUARD NAT RES LLC COM UNIT 92205F106 468 28,390 SH   SOLE   28,390 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 271 6,500 SH   SOLE   6,500 0 0
VANGUARD WORLD FDS ENERGY ETF 92204A306 274 2,339 SH   SOLE   2,339 0 0
VISA INC COM CL A 92826C839 2,751 41,896 SH   SOLE   41,896 0 0
W P CAREY INC COM 92936U109 447 7,000 SH   SOLE   7,000 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 1,671 20,039 SH   SOLE   20,039 0 0
WAL-MART STORES INC COM 931142103 1,753 22,330 SH   SOLE   22,330 0 0
WHOLE FOODS MKT INC COM 966837106 1,174 24,230 SH   SOLE   24,230 0 0
WYNDHAM WORLDWIDE CORP COM 98310W108 1,037 11,989 SH   SOLE   11,989 0 0
ZIMMER HLDGS INC COM 98956P102 395 3,588 SH   SOLE   3,588 0 0
ZOETIS INC CL A 98978V103 1,385 30,946 SH   SOLE   30,946 0 0