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
ABBVIE INC COM 00287Y109 69 1,200 SH   OTR 1,200 0 0
ABBVIE INC COM 00287Y109 231 4,000 SH   OTR 1 4,000 0 0
ACELRX PHARMACEUTICALS INC COM 00444T100 141 25,709 SH   SOLE 25,709 0 0
AIR LEASE CORP CL A 00912X302 47,828 1,471,625 SH   OTR 1,465,230 0 6,395
AIR LEASE CORP CL A 00912X302 56,498 1,738,388 SH   OTR 1 1,736,388 0 2,000
AIR LEASE CORP NOTE 3.875%12/0 00912XAK0 11,533 8,500,000 PRN   OTR 1 8,500,000 0 0
ALLEGHANY CORP DEL COM 017175100 39,200 93,747 SH   OTR 93,337 0 410
ALLEGHANY CORP DEL COM 017175100 47,103 112,646 SH   OTR 1 112,395 0 251
AMERICAN EXPRESS CO COM 025816109 471 5,375 SH   SOLE 5,375 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 46,625 966,722 SH   OTR 961,737 0 4,985
AMERICAN WTR WKS CO INC NEW COM 030420103 60,081 1,245,708 SH   OTR 1 1,241,568 0 4,140
APPLE INC COM 037833100 1,040 10,318 SH   OTR 1 10,318 0 0
ATLAS PIPELINE PARTNERS LP UNIT L P INT 049392103 34,327 941,512 SH   OTR 1 938,512 0 3,000
ATLAS PIPELINE PARTNERS LP UNIT L P INT 049392103 41,581 1,140,468 SH   OTR 1,136,033 0 4,435
ATMEL CORP COM 049513104 375 46,445 SH   OTR 1 35,445 0 11,000
BARRETT BILL CORP NOTE 5.000% 3/1 06846NAA2 6,111 6,103,000 PRN   OTR 1 6,103,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 828 4 SH   OTR 4 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 207 1 SH   OTR 1 0 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 555 4,019 SH   OTR 1 3,969 0 50
BOEING CO COM 097023105 35,413 278,007 SH   OTR 276,897 0 1,110
BOEING CO COM 097023105 43,638 342,585 SH   OTR 1 342,585 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 543 10,617 SH   OTR 10,617 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 309 6,051 SH   OTR 1 6,051 0 0
CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 47,149 311,485 SH   OTR 310,210 0 1,275
CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 55,414 366,085 SH   OTR 1 366,085 0 0
CINEMARK HOLDINGS INC COM 17243V102 52,304 1,536,539 SH   OTR 1,529,864 0 6,675
CINEMARK HOLDINGS INC COM 17243V102 63,306 1,859,765 SH   OTR 1 1,855,055 0 4,710
COCA COLA CO COM 191216100 831 19,472 SH   OTR 1 19,472 0 0
COCA COLA CO COM 191216100 35 810 SH   OTR 810 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 81 12,985 SH   OTR 1 7,083 0 5,902
CONE MIDSTREAM PARTNERS LP COM UNIT REPST 206812109 18,254 649,600 SH   OTR 1 649,600 0 0
CONE MIDSTREAM PARTNERS LP COM UNIT REPST 206812109 21,388 761,130 SH   OTR 757,780 0 3,350
CROWN HOLDINGS INC COM 228368106 46,808 1,051,395 SH   OTR 1,046,335 0 5,060
CROWN HOLDINGS INC COM 228368106 57,622 1,294,299 SH   OTR 1 1,294,299 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 38,971 337,700 SH   OTR 336,100 0 1,600
DIAGEO P L C SPON ADR NEW 25243Q205 50,456 437,228 SH   OTR 1 437,228 0 0
DIGITAL RLTY TR INC COM 253868103 46,177 740,247 SH   OTR 737,617 0 2,630
DIGITAL RLTY TR INC COM 253868103 52,185 836,558 SH   OTR 1 834,673 0 1,885
DIRECTV COM 25490A309 47,263 546,267 SH   OTR 543,982 0 2,285
DIRECTV COM 25490A309 55,863 645,671 SH   OTR 1 645,671 0 0
DURECT CORP COM 266605104 117 79,256 SH   OTR 79,256 0 0
DURECT CORP COM 266605104 300 204,100 SH   OTR 1 0 0 204,100
EBAY INC COM 278642103 34,721 613,115 SH   OTR 1 613,115 0 0
EBAY INC COM 278642103 30,065 530,895 SH   OTR 528,790 0 2,105
ENTERPRISE PRODS PARTNERS L COM 293792107 51,229 1,271,185 SH   OTR 1,266,085 0 5,100
ENTERPRISE PRODS PARTNERS L COM 293792107 41,874 1,039,060 SH   OTR 1 1,035,060 0 4,000
EXXON MOBIL CORP COM 30231G102 1,027 10,921 SH   OTR 1 10,921 0 0
EXXON MOBIL CORP COM 30231G102 1,039 11,046 SH   OTR 11,046 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 944 19,125 SH   OTR 19,125 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 47 952 SH   OTR 1 952 0 0
GOOGLE INC CL A 38259P508 22,984 39,062 SH   OTR 38,917 0 145
GOOGLE INC CL A 38259P508 31,288 53,174 SH   OTR 1 50,664 0 0
GOOGLE INC CL C 38259P706 22,553 39,062 SH   OTR 38,917 0 145
GOOGLE INC CL C 38259P706 30,703 53,179 SH   OTR 1 50,669 0 0
HEALTHSOUTH CORP COM 421924408 3,247 2,440 PRN   OTR 2,440 0 0
HEALTHSOUTH CORP COM NEW 421924309 20,940 567,470 SH   OTR 564,545 0 2,925
HEALTHSOUTH CORP COM NEW 421924309 24,068 652,262 SH   OTR 1 652,262 0 0
HEWLETT PACKARD CO COM 428236103 253 7,140 SH   OTR 1 2,140 0 5,000
JOHNSON & JOHNSON COM 478160104 64,841 608,325 SH   OTR 1 608,325 0 0
JOHNSON & JOHNSON COM 478160104 48,887 458,649 SH   OTR 456,514 0 2,135
JPMORGAN CHASE & CO COM 46625H100 398 6,600 SH   OTR 1 6,600 0 0
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 704 7,550 SH   OTR 1 7,550 0 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 36 10,000 PRN   OTR 1 0 0 10,000
KINDER MORGAN INC DEL COM 49456B101 2,696 70,330 SH   OTR 70,330 0 0
KINDER MORGAN INC DEL COM 49456B101 21,476 560,155 SH   OTR 1 560,155 0 0
KNIGHT CAP GROUP INC NOTE 3.500% 3/1 499005AE6 95,091 94,500,000 PRN   OTR 1 94,500,000 0 0
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 41,734 1,463,337 SH   OTR 1,457,287 0 6,050
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 51,544 1,807,286 SH   OTR 1 1,807,286 0 0
LILLY ELI & CO COM 532457108 1,067 16,451 SH   SOLE 16,451 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 58,746 697,861 SH   OTR 693,586 0 4,275
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 59,097 702,027 SH   OTR 1 699,687 0 2,340
MERCK & CO INC NEW COM 58933Y105 46 783 SH   OTR 783 0 0
MERCK & CO INC NEW COM 58933Y105 672 11,338 SH   OTR 1 11,338 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 19,864 313,909 SH   OTR 1 313,909 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 18,348 289,951 SH   OTR 289,951 0 0
NEW RESIDENTIAL INVT CORP COM 64828T102 27,273 4,678,008 SH   OTR 4,659,328 0 18,680
NEW RESIDENTIAL INVT CORP COM 64828T102 32,815 5,628,644 SH   OTR 1 5,613,589 0 15,055
NEWCASTLE INVT CORP NEW COM NEW 65105M504 42,139 3,323,236 SH   OTR 1 3,315,497 0 7,739
NEWCASTLE INVT CORP NEW COM NEW 65105M504 31,634 2,494,765 SH   OTR 2,484,762 0 10,003
NOVAGOLD RES INC COM NEW 66987E206 37 12,100 SH   OTR 1 12,100 0 0
NOVARTIS A G SPONSORED ADR 66987V109 26,257 278,944 SH   OTR 277,779 0 1,165
NOVARTIS A G SPONSORED ADR 66987V109 41,946 445,615 SH   OTR 1 445,615 0 0
NRG YIELD INC COM CL A 62942X108 30,748 653,515 SH   OTR 650,950 0 2,565
NRG YIELD INC COM CL A 62942X108 46,119 980,222 SH   OTR 1 980,222 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 44,885 466,821 SH   OTR 465,106 0 1,715
OCCIDENTAL PETE CORP DEL COM 674599105 56,947 592,272 SH   OTR 1 591,077 0 1,195
ORACLE CORP COM 68389X105 43,365 1,132,845 SH   OTR 1,128,130 0 4,715
ORACLE CORP COM 68389X105 55,800 1,457,672 SH   OTR 1 1,455,672 0 2,000
OWENS ILL INC COM NEW 690768403 45,071 1,730,160 SH   OTR 1 1,727,480 0 2,680
OWENS ILL INC COM NEW 690768403 39,064 1,499,567 SH   OTR 1,494,427 0 5,140
PDL BIOPHARMA INC NOTE 4.000% 2/0 69329YAF1 14,606 15,000,000 PRN   OTR 1 15,000,000 0 0
PHH CORP COM NEW 693320202 36,483 1,631,600 SH   OTR 1 1,631,600 0 0
PHH CORP COM NEW 693320202 30,535 1,365,622 SH   OTR 1,359,952 0 5,670
POPE RES DEL LTD PARTNERSHIP DEPOSITRY RCPT 732857107 1,043 15,560 SH   OTR 1 0 0 0
PROCTER & GAMBLE CO COM 742718109 1,730 20,660 SH   OTR 20,240 0 420
PROCTER & GAMBLE CO COM 742718109 1,555 18,564 SH   OTR 1 18,564 0 0
QUESTAR CORP COM 748356102 25,040 1,123,366 SH   OTR 1,118,751 0 4,615
QUESTAR CORP COM 748356102 37,219 1,669,780 SH   OTR 1 1,669,590 0 190
ROPER INDS INC NEW COM 776696106 293 2,000 SH   OTR 1 2,000 0 0
SANOFI RIGHT 12/31/2020 80105N113 41 88,300 SH   OTR 1 88,300 0 0
SANOFI SPONSORED ADR 80105N105 33,015 585,065 SH   OTR 582,575 0 2,490
SANOFI SPONSORED ADR 80105N105 41,263 731,217 SH   OTR 1 731,217 0 0
STONEGATE MTG CORP COM 86181Q300 10,363 797,765 SH   OTR 794,405 0 3,360
STONEGATE MTG CORP COM 86181Q300 11,731 903,049 SH   OTR 1 896,609 0 6,440
TELEFLEX INC COM 879369106 54,851 522,188 SH   OTR 1 522,188 0 0
TELEFLEX INC COM 879369106 43,018 409,542 SH   OTR 407,742 0 1,800
TELEFLEX INC NOTE 3.875% 8/0 879369AA4 31,275 18,150,000 PRN   OTR 1 18,150,000 0 0
THOMPSON CREEK METALS CO INC COM 884768102 33 15,000 SH   OTR 1 0 0 15,000
TRIUMPH GROUP INC NEW COM 896818101 29,750 457,340 SH   OTR 455,290 0 2,050
TRIUMPH GROUP INC NEW COM 896818101 36,480 560,800 SH   OTR 1 560,800 0 0
UNILEVER N V N Y SHS NEW 904784709 41,201 1,038,321 SH   OTR 1,033,686 0 4,635
UNILEVER N V N Y SHS NEW 904784709 50,861 1,281,784 SH   OTR 1 1,281,784 0 0
UNION PAC CORP COM 907818108 651 6,000 SH   SOLE 6,000 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 57,556 438,688 SH   OTR 437,044 0 1,644
VALEANT PHARMACEUTICALS INTL COM 91911K102 68,172 519,605 SH   OTR 1 517,605 0 2,000
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 212 5,075 PRN   OTR 1 5,075 0 0
VIACOM INC NEW CL B 92553P201 44,626 580,012 SH   OTR 577,922 0 2,090
VIACOM INC NEW CL B 92553P201 49,013 637,026 SH   OTR 1 637,026 0 0
WELLS FARGO & CO NEW COM 949746101 547 10,555 SH   OTR 1 10,555 0 0
XPO LOGISTICS INC NOTE 4.500%10/0 983793AA8 6,423 2,720,000 PRN   OTR 1 2,720,000 0 0