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 COM 88579Y101 137 770 SH   SOLE   0 770 0
3M COMPANY COM 88579Y101 230 1,288 SH   DFND   0 1,200 88
ALLERGAN COM G0177J108 473 2,252 SH   SOLE   0 2,252 0
ALPHABET, INC CL C COM 02079K107 653 846 SH   SOLE   0 846 0
AMERICAN INTL GROUP, INC COM 026874784 8,125 124,400 SH   DFND 1 124,400 0 0
AMERISOURCEBERGEN CORP COM 03073E105 12,367 158,162 SH   SOLE   157,877 285 0
ANTARES PHARMA, INC COM 036642106 93 40,000 SH   SOLE   0 40,000 0
APTARGROUP, INC COM 038336103 927 12,622 SH   SOLE   0 12,622 0
AT&T, INC COM 00206R102 210 4,931 SH   SOLE   0 4,931 0
AT&T, INC COM 00206R102 85 2,000 SH   DFND   0 2,000 0
AVID TECH, INC COM 05367P100 101 22,915 SH   SOLE   0 22,915 0
AVID TECH, INC COM 05367P100 38 8,560 SH   DFND   0 8,560 0
BARNES & NOBLE ED, INC COM 06777U101 4,887 426,084 SH   SOLE   426,084 0 0
BEACON ROOFING SUPPLY, INC COM 073685109 8,712 189,095 SH   SOLE   189,095 0 0
BED BATH & BEYOND, INC COM 075896100 10,579 260,310 SH   SOLE   260,310 0 0
BERSHIRE HATHAWAY, INC CL A COM 084670108 12,206 50 SH   DFND 1 50 0 0
BGC PARTNERS CL A ORD COM 05541T101 7,150 698,973 SH   DFND 1 698,973 0 0
BIOTECH PRDCT SVC RSRCH, INC COM 09074L105 2 10,000 SH   SOLE   0 10,000 0
BLACKHAWK NTWK HLDGS, INC COM 09238E104 8,876 235,583 SH   SOLE   235,583 0 0
BLACKHAWK NTWK HLDGS, INC COM 09238E104 377 10,000 SH   DFND   0 0 10,000
CALAMOS CONV OPP & INC FD COM 128117108 156 15,500 SH   SOLE   0 15,500 0
CALAMOS CONV OPP & INC FD COM 128117108 40 4,000 SH   DFND   0 0 4,000
CARDAX, INC COM 14141D102 54 674,377 SH   SOLE   674,377 0 0
CHEMICAL & MINING CO CHILE COM 833635105 294 10,270 SH   SOLE   0 10,270 0
CHURCH & DWIGHT, INC COM 171340102 564 12,766 SH   SOLE   0 12,766 0
COMMERCEHUB, INC CL C COM 20084V306 639 42,489 SH   SOLE   0 42,489 0
COMMERCEHUB, INC CL C COM 20084V306 9 568 SH   DFND   0 0 568
CVS CORP COM 126650100 475 6,020 SH   SOLE   0 6,020 0
DARLING INGREDIENTS COM 237266101 7,708 597,051 SH   DFND 1 597,051 0 0
DAVIDs TEA, INC COM 238661102 4,974 726,074 SH   SOLE   726,074 0 0
DAVITA INC COM 23918K108 7,773 121,076 SH   DFND 1 121,076 0 0
DEL TACO RESTAURANTS, INC COM 245496104 434 30,748 SH   SOLE   0 30,748 0
DHX MEDIA LTD COM VTG SHS COM 252406707 734 140,327 SH   SOLE   129,533 10,794 0
DICKS SPORTING GOODS, INC COM 253393102 8,752 164,820 SH   SOLE   164,820 0 0
ENDOLOGIX, INC COM 29266S106 528 92,391 SH   DFND   0 0 92,391
EXELIXIS, INC COM 30161Q104 149 10,000 SH   DFND   0 0 10,000
EXXON MOBIL CORP COM 30231G102 294 3,262 SH   SOLE   0 3,262 0
EXXON MOBIL CORP COM 30231G102 8 89 SH   DFND   0 0 89
FANNIE MAE COM 313586109 2,548 653,403 SH   SOLE   333,521 319,882 0
FOREST CITY RLTY TR, INC CL A COM 345605109 241 11,550 SH   DFND   0 0 11,550
FORTRESS INV GRP LLC CL A COM 34958B106 506 104,145 SH   SOLE   0 104,145 0
FORTRESS INV GRP LLC CL A COM 34958B106 39 8,000 SH   DFND   0 0 8,000
FREDDIE MAC COM 313400301 112 30,000 SH   SOLE   0 30,000 0
GAIN CAPITAL HOLDINGS ORD COM 36268W100 2,019 306,847 SH   DFND 1 306,847 0 0
GENERAC HOLDINGS, INC COM 368736104 6,522 160,099 SH   SOLE   160,099 0 0
GMS, INC COM 36251C103 3,510 119,868 SH   SOLE   119,868 0 0
GRAND CANYON ED, INC COM 38526M106 2,143 36,664 SH   SOLE   36,664 0 0
GREAT ELM CAP GRP, INC COM 39036P209 26 7,000 SH   SOLE   0 7,000 0
GREAT ELM CAP GRP, INC COM 39036P209 11 3,000 SH   DFND   0 0 3,000
HARMAN INT'L IND, INC COM 413086109 253 2,280 SH   SOLE   0 2,280 0
HEMISPHERE MEDIA GRP, INC A COM 42365Q103 1,713 152,963 SH   SOLE   152,963 0 0
INT'L SPEEDWAY CORP COM 460335201 9,748 264,891 SH   SOLE   264,891 0 0
IONIS PHARM, INC COM 462222100 1,837 38,400 SH   SOLE   0 38,400 0
IONIS PHARM, INC COM 462222100 1,980 41,400 SH   DFND   0 0 41,400
ISHARES CORE US GROWTH COM 464287671 309 7,200 SH   SOLE   0 7,200 0
ISHARES DJ SELECT DIV FD COM 464287168 1,363 15,385 SH   SOLE   14,725 660 0
ISHARES DJ US REGIONAL BANKS COM 464288778 703 15,499 SH   SOLE   0 15,499 0
ISHARES DJ US REGIONAL BANKS COM 464288778 38 840 SH   DFND   0 0 840
ISHARES RUSSELL 2000 COM 464287655 6,473 48,000 SH   DFND 1 48,000 0 0
ISHARES RUSSELL 2000 GROWTH COM 464287648 432 2,805 SH   SOLE   0 2,805 0
JOHNSON & JOHNSON COM 478160104 448 3,885 SH   SOLE   0 3,885 0
JOHNSON & JOHNSON COM 478160104 4 37 SH   DFND   0 0 37
KAPSTONE PAPER & PACK CORP COM 48562P103 5,887 266,970 SH   SOLE   202,470 64,500 0
KAPSTONE PAPER & PACK CORP COM 48562P103 2,293 104,000 SH   DFND   0 0 104,000
KAYNE ANDERSON MDSTRM/ENGY COM 48661E108 415 26,125 SH   SOLE   1,000 25,125 0
KAYNE ANDERSON MDSTRM/ENGY COM 48661E108 159 10,000 SH   DFND   0 7,000 3,000
KEMPHARM, INC COM 488445107 27 9,200 SH   SOLE   0 9,200 0
KEMPHARM, INC COM 488445107 8 2,700 SH   DFND   0 2,700 0
KINGSWAY FINL SRVCS COM 496904202 311 49,736 SH   DFND 1 49,736 0 0
LIBERTY GLOBAL LILAC CL A COM G5480U138 8,703 396,296 SH   DFND 1 396,296 0 0
LORAL SPACE & COMM COM 543881106 7,494 182,550 SH   DFND 1 182,550 0 0
MACQUARIE INFRASTRUCT LLC COM 55608B105 1,405 17,201 SH   SOLE   0 17,201 0
MACQUARIE INFRASTRUCT LLC COM 55608B105 143 1,756 SH   DFND   0 1,756 0
MEDLEY CAPITAL ORD COM 58503F106 4,363 580,949 SH   DFND 1 580,949 0 0
MGM RESORTS INTERNATIONAL COM 552953101 569 19,741 SH   SOLE   0 19,741 0
MGM RESORTS INTERNATIONAL COM 552953101 63 2,200 SH   DFND   0 2,200 0
MYLAN, INC COM N59465109 9,779 256,333 SH   SOLE   256,333 0 0
NEXSTAR MEDIA GRP, INC CL A COM 65336K103 6,995 110,508 SH   DFND 1 110,508 0 0
OUTFRONT MEDIA ORD COM 69007J106 7,753 311,739 SH   DFND 1 311,739 0 0
PANACOS PHARM, INC COM 69811Q106 0 25,000 SH   DFND   0 0 25,000
PANERA BREAD CO CL A COM 69840W108 5,981 29,163 SH   SOLE   29,163 0 0
PAREXEL INT'L CORP COM 699462107 7,488 113,937 SH   SOLE   113,937 0 0
PHILLY SHIPYARD ASA COM R6980X109 570 79,733 SH   SOLE   79,733 0 0
POTBELLY CORP COM 73754Y100 3,975 308,122 SH   SOLE   308,122 0 0
POTBELLY CORP COM 73754Y100 193 15,000 SH   DFND   0 0 15,000
PROCTER & GAMBLE COM 742718109 118 1,400 SH   SOLE   0 1,400 0
PROCTER & GAMBLE COM 742718109 84 1,000 SH   DFND   0 1,000 0
REALOGY HOLDINGS ORD COM 75605Y106 6,281 244,119 SH   DFND 1 244,119 0 0
RESOURCE CAPITAL REIT COM 76120W708 940 112,894 SH   DFND 1 112,894 0 0
S&P DEPOSITORY RECEIPTS COM 78462F103 7,913 35,400 SH   DFND 1 35,400 0 0
SANOFI-AVENTIS RT EXP 12/31/20 COM 80105N113 2 5,867 SH   SOLE   0 5,867 0
SANOFI-AVENTIS RT EXP 12/31/20 COM 80105N113 10 25,754 SH   DFND   0 0 25,754
SENOMYX, INC COM 81724Q107 58 60,450 SH   SOLE   0 60,450 0
SENOMYX, INC COM 81724Q107 14 15,000 SH   DFND   0 0 15,000
SMUCKER J M CO COM 832696405 464 3,621 SH   SOLE   0 3,621 0
SOLAR CAP LTD COM 83413U100 447 21,450 SH   SOLE   0 21,450 0
SOLAR CAP LTD COM 83413U100 229 11,000 SH   DFND   0 5,000 6,000
SOLAR SENIOR CAPITAL LTD COM 83416M105 2,045 124,401 SH   SOLE   38,104 86,297 0
SOLAR SENIOR CAPITAL LTD COM 83416M105 123 7,490 SH   DFND   0 4,990 2,500
SPDR HEALTHCARE SELECT COM 81369Y209 486 7,048 SH   SOLE   0 7,048 0
SPDR HEALTHCARE SELECT COM 81369Y209 103 1,500 SH   DFND   0 1,500 0
SPEEDWAY MOTORSPORTS, INC COM 847788106 3,876 178,887 SH   SOLE   178,887 0 0
STERICYCLE, INC COM 858912108 7,851 101,903 SH   SOLE   101,903 0 0
SYNERGY RESOURCES CORP COM 87164P103 5,089 571,187 SH   SOLE   571,187 0 0
TEMPUR-SEALY INTL,INC COM 88023U101 1,661 24,321 SH   SOLE   24,321 0 0
TERRAFORM POWER, INC CL A COM 88104R100 210 16,360 SH   SOLE   0 16,360 0
TERRAFORM POWER, INC CL A COM 88104R100 13 1,000 SH   DFND   0 0 1,000
TEVA PHARM INDS LTD ADR COM 881624209 5,427 149,704 SH   SOLE   149,704 0 0
TREEHOUSE FOODS, INC COM 89469A104 8,429 116,762 SH   SOLE   116,762 0 0
TWENTY-1ST CENT FOX, INC CL A COM 90130A101 62 2,226 SH   SOLE   0 2,226 0
TWENTY-1ST CENT FOX, INC CL A COM 90130A101 7,069 252,100 SH   DFND 1 252,100 0 0
TWO HARBORS INV CORP COM 90187B101 414 47,500 SH   SOLE   0 47,500 0
TWO HARBORS INV CORP COM 90187B101 13 1,500 SH   DFND   0 0 1,500
VANECK VECTORS GOLD MINERS COM 92189F106 410 19,580 SH   SOLE   0 19,580 0
VANGUARD FTSE EUROPE COM 922042874 407 8,500 SH   SOLE   0 8,500 0
VENTAS, INC COM 92276F100 139 2,227 SH   SOLE   0 2,227 0
VENTAS, INC COM 92276F100 156 2,500 SH   DFND   0 0 2,500
VISA, INC COM 92826C839 485 6,218 SH   SOLE   0 6,218 0
VISA, INC COM 92826C839 312 4,000 SH   DFND   0 4,000 0
VISHAY PRECISION GROUP ORD COM 92835K103 926 49,011 SH   DFND 1 49,011 0 0
WELLS FARGO & CO COM 949746101 725 13,150 SH   SOLE   0 13,150 0
WELLS FARGO & CO COM 949746101 55 1,000 SH   DFND   0 0 1,000
WHOLE FOODS MKT, INC COM 966837106 10,946 355,838 SH   SOLE   354,538 1,300 0
WISDOMTREE INDIA ETF COM 97717W422 371 18,360 SH   SOLE   0 18,360 0
IRONWOOD PHARM COM 46333X108 301 19,662 SH   SOLE   0 19,662 0
SHAKE SHACK, INC CL A COM 819047101 34,724 970,218 SH   SOLE   0 970,218 0
SHAKE SHACK, INC CL A COM 819047101 9,305 260,000 SH   SOLE   0 260,000 0
SHAKE SHACK, INC CL A COM 819047101 1,077 30,099 SH   SOLE   0 30,099 0
SOTHEBY'S COM 835898107 344 8,642 SH   SOLE   0 8,642 0