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. Common 00287Y109 4,401 47,500 SH   DFND 2 47,500 0 0
AbbVie Inc. Common 00287Y109 463 5,000 SH   DFND 1 0 5,000 0
Abeona Therapeutics, Inc. Common 00289Y107 257 16,050 SH   DFND 2 16,050 0 0
Acceleron Pharma, Inc. Common 00434H108 796 16,400 SH   DFND 2 16,400 0 0
Affimed NV Common N01045108 40 24,000 SH   DFND 2 24,000 0 0
Aimmune Therapeutics, Inc. Common 00900T107 1,097 40,780 SH   DFND 2 40,780 0 0
Alimera Sciences, Inc. Common 016259103 259 265,000 SH   DFND 2 265,000 0 0
Alerian MLP Common 00162Q866 6 600 SH   DFND 1 0 600 0
AllianceBernstein Holdings LP Unit Ltd Common 01881G106 1,399 49,000 SH   DFND 1 0 49,000 0
AllianceBernstein Holdings LP Unit Ltd Common 01881G106 43 1,500 SH   DFND 1 1,500 0 0
Alnylam Pharmaceuticals, Inc Common 02043Q107 49 500 SH   DFND 2 500 0 0
Ambac Financial Group, Inc. Common 023139884 2,887 145,426 SH   DFND 2 145,426 0 0
American Outdoor Brands Corporation Common 02874P103 3,970 330,000 SH   DFND 2 330,000 0 0
Anadarko Petroleum Corporation Common 032511107 4,747 64,800 SH   DFND 2 64,800 0 0
Anadarko Petroleum Corporation Common 032511107 520 7,100 SH   DFND 1 0 7,100 0
Anadarko Petroleum Corporation Common 032511107 649 8,860 SH   DFND 1 8,860 0 0
Anchor Bancorp Common 032838104 131 5,000 SH   DFND 1 0 5,000 0
Anchor Bancorp Common 032838104 190 7,250 SH   DFND 1 7,250 0 0
Apollo Global Management LLC Common 037612306 3,346 105,000 SH   DFND 2 105,000 0 0
Apple Inc. Common 037833100 4,443 24,000 SH   DFND 2 24,000 0 0
Apple Inc. Common 037833100 97 525 SH   DFND 1 0 525 0
Apple Inc. Common 037833100 97 525 SH   DFND 1 525 0 0
Arena Pharmaceuticals, Inc. Common 040047607 1,513 34,691 SH   DFND 2 34,691 0 0
AT&T Inc. Common 00206R102 642 20,000 SH   DFND 1 0 20,000 0
AT&T Inc. Common 00206R102 66 2,050 SH   DFND 1 2,050 0 0
AxoGen, Inc. Common 05463X106 301 5,998 SH   DFND 2 5,998 0 0
Bank Nova Scotia Halifax Common 064149107 23 400 SH   DFND 1 0 400 0
Bellicum Pharmaceuticals, Inc. Common 079481107 566 76,653 SH   DFND 2 76,653 0 0
Biodelivery Sciences Intl Common 09060J106 614 208,000 SH   DFND 2 208,000 0 0
Bristol-Myers Squibb Company Common 110122108 123 2,225 SH   DFND 2 2,225 0 0
Calurnet Specialty Products Partners, LP Common 131476103 8,009 1,075,000 SH   DFND 2 1,075,000 0 0
Canadian Natural Resrouces Inc. Common 136385101 496 13,750 SH   DFND 1 0 13,750 0
Canadian Natural Resrouces Inc. Common 136385101 671 18,600 SH   DFND 1 18,600 0 0
Capitol Federal Financial, Inc. Common 14057J101 8,957 680,600 SH   DFND 2 680,600 0 0
Capitol Federal Financial, Inc. Common 14057J101 53 4,000 SH   DFND 2 0 4,000 0
Capitol Federal Financial, Inc. Common 14057J101 76 5,800 SH   DFND 1 5,800 0 0
Catalyst Pharmaceuticals, Inc. Common 14888U101 1,602 513,475 SH   DFND 2 513,475 0 0
Centerstate Banks Corp Common 15201P109 53 1,780 SH   DFND 1 0 1,780 0
Centerstate Banks Corp Common 15201P109 154 5,162 SH   DFND 1 5,162 0 0
Check Cap Ltd. Common M236IE203 55 13,574 SH   DFND 2 13,574 0 0
Check Cap Ltd. @7.50 Exp. 2/28/20 Common M2361E120 495 66,059 SH   DFND 2 66,059 0 0
Chemours Co. Common 163851108 28 640 SH   DFND 1 0 640 0
Chemours Co. Common 163851108 32 720 SH   DFND 1 720 0 0
China Ceramics Co. Ltd. Common G2113X134 42 25,493 SH   DFND 2 25,493 0 0
Coco-Cola Common 191216100 333 7,600 SH   DFND 1 0 7,600 0
Coco-Cola Common 191216100 254 5,800 SH   DFND 1 5,800 0 0
Coherus Biosciences, Inc. Common 19249H103 564 40,320 SH   DFND 2 40,320 0 0
Colony Northstar Inc. Common 19625W104 9 1,466 SH   DFND 1 0 1,466 0
Columbia Financial Inc. Common 197641103 387 23,363 SH   DFND 2 23,363 0 0
Community Healthcare Trust Incorporated Common 20369C106 1,792 60,000 SH   DFND 2 60,000 0 0
Conagra Brands Common 205887102 357 10,000 SH   DFND 1 0 10,000 0
Concert Pharmaceuticals, Inc. Common 206022105 868 51,557 SH   DFND 2 51,557 0 0
Condor Hospitality Trust, Inc. Common 20676Y403 520 50,000 SH   DFND 2 50,000 0 0
CoreCivic, Inc. Common 21871N101 1,792 75,000 SH   DFND 2 75,000 0 0
Cousins Properties Common 222795106 130 13,428 SH   DFND 1 0 13,428 0
CymaBay Therapeutics, Inc. Common 23257D103 268 20,000 SH   DFND 2 20,000 0 0
Dell Technologies, Inc. Common 24703L103 10,150 120,000 SH   DFND 2 120,000 0 0
Delta Air Lines, Inc. Common 247361702 2,849 57,500 SH   DFND 2 57,500 0 0
DowDupont Inc. Common 26078J100 2,186 33,158 SH   DFND 1 0 33,158 0
DowDupont Inc. Common 26078J100 296 4,486 SH   DFND 1 4,486 0 0
Eagle Materials Inc. Common 26969P108 24 228 SH   DFND 1 0 228 0
Editas Medicine Inc. Common 28106W103 287 8,000 SH   DFND 2 8,000 0 0
Edwards Lifesciences Corporation Common 28176E108 421 2,891 SH   DFND 2 2,891 0 0
Eiger BioPharmaceuticals, Inc. Common 28249U105 1,120 91,769 SH   DFND 2 91,769 0 0
Eli Lilly Inc. Common 532457108 26 300 SH   DFND 1 0 300 0
Entegra Financial Corp Common 29363J108 88 3,000 SH   DFND 1 0 3,000 0
Entegra Financial Corp Common 29363J108 212 7,250 SH   DFND 1 7,250 0 0
FNB Corporation Common 302520101 120 8,905 SH   DFND 1 0 8,905 0
Ford Motor Company Common 345370860 55 5,000 SH   DFND 1 0 5,000 0
Essential Properties Realty Trust, Inc. Common 29670E107 542 40,000 SH   DFND 2 40,000 0 0
Fortress Trans & Infrastructure Inv. LLC Common 03960P101 9,054 501,064 SH   DFND 2 501,064 0 0
General Electric Common 369604103 343 25,200 SH   DFND 1 0 25,200 0
General Electric Common 369604103 47 3,480 SH   DFND 1 3,480 0 0
General Motors Common 37045V100 197 5,000 SH   DFND 1 0 5,000 0
Global Blood Therapeutics, Inc. Common 378904108 936 20,710 SH   DFND 2 20,710 0 0
Global Medical REIT, Inc. Ser A Cum Pfd. Common 37957W203 869 35,000 SH   DFND 2 35,000 0 0
GTx, Inc. Common 40052B207 735 48,000 SH   DFND 2 48,000 0 0
Heritage NOLA Bancorp Inc. Common 42727P108 37 3,000 SH   DFND 1 0 3,000 0
Heritage NOLA Bancorp Inc. Common 42727P108 112 9,000 SH   DFND 1 9,000 0 0
Horizon Pharma plc Common G4617B105 1,219 73,640 SH   DFND 2 73,640 0 0
Hospitality Properties Trust Common 44106M102 715 25,000 SH   DFND 1 0 25,000 0
Immunomedics, Inc Common 452907108 752 31,783 SH   DFND 2 31,783 0 0
Intec Pharma Ltd. Common 011177958 1,048 238,273 SH   DFND 2 238,273 0 0
International Business Machines Common 459200101 598 4,284 SH   DFND 1 0 4,284 0
Iridium Communications, Inc. Common 46269C102 4,637 288,000 SH   DFND 2 288,000 0 0
JBS S.A. Common 466110103 919 195,500 SH   DFND 2 195,500 0 0
Johnson & Johnson Common 478160104 267 2,200 SH   DFND 1 0 2,200 0
Johnson & Johnson Common 478160104 616 5,080 SH   DFND 1 5,080 0 0
JP Morgan & Chase Co. Common 46625H100 917 8,800 SH   DFND 1 0 8,800 0
JP Morgan & Chase Co. Common 46625H100 1,485 14,250 SH   DFND 1 14,250 0 0
Karyopharm Therapeutics, Inc. Common 48576U106 544 32,000 SH   DFND 2 32,000 0 0
Kimberly Clark Corporation Common 494368103 632 6,000 SH   DFND 1 0 6,000 0
Ligand Pharmaceuticals Incorporated Common 53220K504 70,893 342,198 SH   DFND 2 342,198 0 0
Ligand Pharmaceuticals Incorporated Common 53220K504 382 1,843 SH   DFND 1 0 1,843 0
LKQ Corporation Common 501889208 2,393 75,000 SH   DFND 2 75,000 0 0
Lowe's Companies Inc. Common 548661107 4,301 45,000 SH   DFND 2 45,000 0 0
Macquarie Infrastructure Corporation Common 55608B105 7,174 170,000 SH   DFND 2 170,000 0 0
Macquarie Infrastructure Corporation Common 55608B105 380 9,000 SH   DFND 1 0 9,000 0
Macquarie Infrastructure Corporation Common 55608B105 139 3,300 SH   DFND 1 3,300 0 0
Medtronics Inc. Common G5960L103 90 1,050 SH   DFND 1 0 1,050 0
MEI Pharma, Inc. Common 55279B202 83 21,000 SH   DFND 2 21,000 0 0
Merck & Co. Inc. Common 58993Y105 30 500 SH   DFND 1 0 500 0
Merck & Co. Inc. Common 58993Y105 49 800 SH   DFND 1 800 0 0
Microsoft Corporation Common 594918104 99 1,000 SH   DFND 1 0 1,000 0
Microsoft Corporation Common 594918104 39 400 SH   DFND 1 400 0 0
Mitel Networks Corp. Common 60671Q104 7,868 717,196 SH   DFND 2 717,196 0 0
Mondelez Int'l Inc. Common 609207105 533 13,000 SH   DFND 1 0 13,000 0
Mondelez Int'l Inc. Common 609207105 119 2,900 SH   DFND 1 2,900 0 0
MPLX LP Common 55336V100 5,975 175,000 SH   DFND 2 175,000 0 0
Newell Brands Inc. Common 651229106 5,158 200,000 SH   DFND 2 200,000 0 0
Novelion Therapeutics, Inc. Common 67001K202 402 109,184 SH   DFND 2 109,184 0 0
Och-Ziff Capital Management Group Common 67551U105 4 2,000 SH   DFND 1 2,000 0 0
Oracle Corporation Common 68389X105 6,609 150,000 SH   DFND 2 150,000 0 0
Oritani Financial Corp Common 68633D103 32 2,000 SH   DFND 1 0 2,000 0
Oritani Financial Corp Common 68633D103 94 5,800 SH   DFND 1 5,800 0 0
Pfizer Inc. Common 717081103 11,068 305,076 SH   DFND 2 305,076 0 0
Pfizer Inc. Common 717081103 3,664 101,000 SH   DFND 1 0 101,000 0
Pfizer Inc. Common 717081103 1,596 44,000 SH   DFND 1 44,000 0 0
Peoples United Financial Common 712704105 27 1,500 SH   DFND 1 0 1,500 0
Quotient Limited Common G73268107 1,341 167,000 SH   DFND 2 167,000 0 0
RMR Group Inc. Common 74967R106 1 16 SH   DFND 1 0 16 0
Ryman Hospitality Ppty Inc. Common 78377T107 998 12,000 SH   DFND 1 0 12,000 0
Ryman Hospitality Ppty Inc. Common 78377T107 33 400 SH   DFND 1 400 0 0
Starwood Ppty Common 85571B105 9 400 SH   DFND 1 400 0 0
Stemline Therapeutics, Inc. Common 85858C107 1,445 90,000 SH   DFND 2 90,000 0 0
Synergy Pharmaceuticals, Inc. Common 871639308 392 225,400 SH   DFND 2 225,400 0 0
The Howard Hughes Corporation Common 44267D107 3,087 23,300 SH   DFND 2 23,300 0 0
The Kraft Heinz Company Common 500754106 368 5,865 SH   DFND 1 0 5,865 0
The Kraft Heinz Company Common 500754106 190 3,035 SH   DFND 1 3,035 0 0
The Michaels Companies, Inc. Common 59408Q106 2,876 150,000 SH   DFND 2 150,000 0 0
Total SA Common 89151E109 176 2,900 SH   DFND 1 0 2,900 0
Total SA Common 89151E109 143 2,360 SH   DFND 1 2,360 0 0
United Continental Holdings, Inc. Common 910047109 697 10,000 SH   DFND 2 10,000 0 0
Upland Software Inc. Common 91544A109 12,030 350,000 SH   DFND 2 350,000 0 0
Verizon Communications Inc. Common 92343V104 855 16,991 SH   DFND 1 0 16,991 0
Verizon Communications Inc. Common 92343V104 66 1,320 SH   DFND 1 1,320 0 0
Viking Therapeutics, Inc. Common 92686J106 2,340 246,600 SH   DFND 2 246,600 0 0
Viveve Medical, Inc. Common 92852W204 194 71,449 SH   DFND 2 71,449 0 0
Wheeler Real Estate Investment Trust, Inc. Common 963025606 557 30,000 SH   DFND 2 30,000 0 0
WP Carey Common 92936U109 398 6,000 SH   DFND 1 0 6,000 0
Xenon Pharmaceuticals Inc. Common 98420N105 1,595 173,390 SH   DFND 2 173,390 0 0
Zogenix, Inc. Common 98978L204 972 22,000 SH   DFND 2 22,000 0 0