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 4,493 47,500 SH   DFND 2 47,500 0 0
AbbVie Inc. Common 00287Y109 473 5,000 SH   DFND 1 0 5,000 0
Abeona Therapeutics, Inc. Common 00289Y107 244 19,050 SH   DFND 2 19,050 0 0
Acceleron Pharma, Inc. Common 00434H108 939 16,400 SH   DFND 2 16,400 0 0
Affimed NV Common N01045108 104 24,000 SH   DFND 2 24,000 0 0
Aimmune Therapeutics, Inc. Common 00900T107 1,204 44,152 SH   DFND 2 44,152 0 0
Alerian MLP Common 00162Q866 5 600 SH   DFND 1 0 600 0
Alimera Sciences, Inc. Common 016259103 316 322,900 SH   DFND 2 322,900 0 0
AllianceBernstein Holdings LP Unit Ltd Common 01881G106 1,492 49,000 SH   DFND 1 0 49,000 0
AllianceBernstein Holdings LP Unit Ltd Common 01881G106 46 1,500 SH   DFND 1 1,500 0 0
Alnylam Pharmaceuticals, Inc Common 02043Q107 44 500 SH   DFND 2 500 0 0
AMAG Pharmaceuticals, Inc. Common 00163U106 20 1,000 SH   DFND 2 1,000 0 0
American Outdoor Brands Corporation Common 02874P103 5,125 330,000 SH   DFND 2 330,000 0 0
Anadarko Petroleum Corporation Common 032511107 4,368 64,800 SH   DFND 2 64,800 0 0
Anadarko Petroleum Corporation Common 032511107 479 7,100 SH   DFND 1 0 7,100 0
Anadarko Petroleum Corporation Common 032511107 597 8,860 SH   DFND 1 8,860 0 0
Anchor Bancorp Common 032511107 142 5,000 SH   DFND 1 0 5,000 0
Anchor Bancorp Common 032511107 205 7,250 SH   DFND 1 7,250 0 0
Apollo Global Management LLC Common 037612306 3,628 105,000 SH   DFND 2 105,000 0 0
Apple Inc. Common 037833100 5,418 24,000 SH   DFND 2 24,000 0 0
Apple Inc. Common 037833100 119 525 SH   DFND 1 0 525 0
Apple Inc. Common 037833100 119 525 SH   DFND 1 525 0 0
Arena Pharmaceuticals, Inc. Common 040047607 1,725 37,491 SH   DFND 2 37,491 0 0
AT&T Inc. Common 00206R102 672 20,000 SH   DFND 1 0 20,000 0
AT&T Inc. Common 00206R102 69 2,050 SH   DFND 1 2,050 0 0
Bank Nova Scotia Halifax Common 064149107 24 400 SH   DFND 1 0 400 0
Bellicum Pharmaceuticals, Inc. Common 079481107 556 90,327 SH   DFND 2 90,327 0 0
Biodelivery Sciences Intl Common 09060J106 1,047 374,000 SH   DFND 2 374,000 0 0
Bristol-Myers Squibb Company Common 110122108 138 2,225 SH   DFND 2 2,225 0 0
Calumet Specialty Products Partners, LP Common 131476103 9,329 1,457,731 SH   DFND 2 1,457,731 0 0
Canadian Natural Resources Inc. Common 136385101 449 13,750 SH   DFND 1 0 13,750 0
Canadian Natural Resources Inc. Common 136385101 607 18,600 SH   DFND 1 18,600 0 0
Capitol Federal Financial, Inc. Common 14057J101 8,671 680,600 SH   DFND 2 680,600 0 0
Capitol Federal Financial, Inc. Common 14057J101 51 4,000 SH   DFND 1 0 4,000 0
Capitol Federal Financial, Inc. Common 14057J101 74 5,800 SH   DFND 1 5,800 0 0
Catalyst Pharmaceuticals, Inc. Common 14888U101 2,092 553,475 SH   DFND 2 553,475 0 0
Centerstate Banks Corp Common 15201P109 50 1,780 SH   DFND 1 0 1,780 0
Centerstate Banks Corp Common 15201P109 145 5,162 SH   DFND 1 5,162 0 0
Check Cap Ltd. Common M2361E203 54 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 25 640 SH   DFND 1 0 640 0
Chemours Co. Common 163851108 28 720 SH   DFND 1 720 0 0
China Ceramics Co Ltd. Common G2113X134 35 25,493 SH   DFND 1 25,493 0 0
Coco Cola Common 191216100 351 7,600 SH   DFND 1 0 7,600 0
Coco Cola Common 191216100 268 5,800 SH   DFND 1 5,800 0 0
Coherus Biosciences, Inc. Common 19249H103 666 40,369 SH   DFND 2 40,369 0 0
Colony Northstar Inc. Common 19625W104 9 1,466 SH   DFND 1 0 1,466 0
Columbia Financial Inc. Common 197641103 390 23,363 SH   DFND 2 23,363 0 0
Community Healthcare Trust Incorporated Common 20369C106 1,859 60,000 SH   DFND 2 60,000 0 0
Conagra Brands Common 205887102 340 10,000 SH   DFND 1 0 10,000 0
Concert Pharmaceuticals, Inc. Common 206022105 979 66,000 SH   DFND 2 66,000 0 0
Condor Hospitality Trust, Inc. Common 20676Y403 535 50,000 SH   DFND 2 50,000 0 0
CoreCivic, Inc. Common 21871N101 1,825 75,000 SH   DFND 2 75,000 0 0
Cousins Properties Common 222795106 119 13,428 SH   DFND 1 0 13,428 0
CymaBay Therapeutics, Inc. Common 23257D103 698 63,000 SH   DFND 2 63,000 0 0
Dell Technologies, Inc. Common 24703L103 11,654 120,000 SH   DFND 2 120,000 0 0
Delta Air Lines, Inc. Common 247361702 3,325 57,500 SH   DFND 2 57,500 0 0
DowDupont Inc. Common 26078J100 2,132 33,158 SH   DFND 1 0 33,158 0
DowDupont Inc. Common 26078J100 288 4,486 SH   DFND 1 4,486 0 0
Eagle Materials Common 26969P108 19 228 SH   DFND 1 0 228 0
Editas Medicine Inc. Common 28106W103 255 8,000 SH   DFND 2 8,000 0 0
Edwards Lifesciences Corporation Common 28176E108 503 2,891 SH   DFND 2 2,891 0 0
Eiger BioPharmaceuticals, Inc. Common 28249U105 1,208 100,669 SH   DFND 2 100,669 0 0
Eli Lilly Inc. Common 532457108 32 300 SH   DFND 1 0 300 0
Entegra Financial Corporation Common 29363J108 80 3,000 SH   DFND 1 0 3,000 0
Entegra Financial Corporation Common 29363J108 192 7,250 SH   DFND 1 7,250 0 0
Essential Properties Realty Trust, Inc. Common 29670E107 568 40,000 SH   DFND 2 40,000 0 0
Fortress Trans & Infrastructure Inv. LLC Common 34960P101 9,109 501,064 SH   DFND 2 501,064 0 0
FNB Corporation Common 302520101 113 8,905 SH   DFND 1 0 8,905 0
Ford Motor Company Common 345370860 46 5,000 SH   DFND 1 0 5,000 0
General Electric Common 369604103 285 25,200 SH   DFND 1 0 25,200 0
General Electric Common 369604103 39 3,480 SH   DFND 1 3,480 0 0
General Motors Common 37045V100 168 5,000 SH   DFND 1 0 5,000 0
Global Medical REIT, Inc. Ser A Cum Pfd. Common 37957W203 879 35,000 SH   DFND 2 35,000 0 0
Heritage NOLA Bancorp Inc. Common 42727P108 38 3,000 SH   DFND 1 0 3,000 0
Heritage NOLA Bancorp Inc. Common 42727P108 113 9,000 SH   DFND 1 9,000 0 0
Horizon Pharma plc Common G4617B105 1,442 73,640 SH   DFND 2 73,640 0 0
Hospitality Properties Trust Common 44106M102 721 25,000 SH   DFND 1 0 25,000 0
Immunomedics, Inc Common 452907108 620 29,783 SH   DFND 2 29,783 0 0
Intec Pharma Ltd. Common M53644106 1,602 283,473 SH   DFND 2 283,473 0 0
International Business Machines Common 459200101 648 4,284 SH   DFND 1 0 4,284 0
Iridium Communications, Inc. Common 46269C102 6,336 281,600 SH   DFND 2 281,600 0 0
JBS S.A. Common 466110103 907 195,500 SH   DFND 2 195,500 0 0
Johnson & Johnson Common 478160104 304 2,200 SH   DFND 1 0 2,200 0
Johnson & Johnson Common 478160104 702 5,080 SH   DFND 1 5,080 0 0
JP Morgan & Chase Common 46625H100 993 8,800 SH   DFND 1 0 8,800 0
JP Morgan & Chase Common 46625H100 1,608 14,250 SH   DFND 1 14,250 0 0
Karyopharm Therapeutics, Inc. Common 48576U106 545 32,000 SH   DFND 2 32,000 0 0
Kimberly Clark Corporation Common 494368103 682 6,000 SH   DFND 1 0 6,000 0
Ligand Pharmaceuticals Incorporated Common 53220K504 93,930 342,198 SH   DFND 2 342,198 0 0
Ligand Pharmaceuticals Incorporated Common 53220K504 506 1,843 SH   DFND 1 0 1,843 0
LKQ Corporation Common 501889208 2,375 75,000 SH   DFND 2 75,000 0 0
Lowe's Companies Inc. Common 548661107 5,167 45,000 SH   DFND 2 45,000 0 0
Macquarie Infrastructure Corporation Common 55608B105 7,547 163,600 SH   DFND 2 163,600 0 0
Macquarie Infrastructure Corporation Common 55608B105 415 9,000 SH   DFND 1 0 9,000 0
Macquarie Infrastructure Corporation Common 55608B105 152 3,300 SH   DFND 1 3,300 0 0
Medtronics Inc. Common G5960L103 103 1,050 SH   DFND 1 0 1,050 0
MEI Pharma, Inc. Common 55279B202 91 21,000 SH   DFND 2 21,000 0 0
Merck & Co. Inc. Common 58993Y105 35 500 SH   DFND 1 0 500 0
Merck & Co. Inc. Common 58993Y105 57 800 SH   DFND 1 800 0 0
Microsoft Corporation Common 594918104 114 1,000 SH   DFND 1 0 1,000 0
Microsoft Corporation Common 594918104 46 400 SH   DFND 1 400 0 0
Mitel Networks Corp. Common 60671Q104 7,904 717,196 SH   DFND 2 717,196 0 0
Mondelez Int'l Inc. Common 609207105 558 13,000 SH   DFND 1 0 13,000 0
Mondelez Int'l Inc. Common 609207105 125 2,900 SH   DFND 1 2,900 0 0
MPLX LP Common 55336V100 10,404 300,000 SH   DFND 2 300,000 0 0
Newell Brands Inc. Common 651229106 4,060 200,000 SH   DFND 2 200,000 0 0
Novartis AG Common 66987V109 258 3,000 SH   DFND 2 3,000 0 0
Novelion Therapeutics, Inc. Common 67001K202 323 109,184 SH   DFND 2 109,184 0 0
Och-Ziff Capital Management Group Common 67551U105 3 2,000 SH   DFND 1 2,000 0 0
Oracle Corporation Common 68389X105 7,734 150,000 SH   DFND 2 150,000 0 0
Oritani Financial Corp Common 68633D103 31 2,000 SH   DFND 1 0 2,000 0
Oritani Financial Corp Common 68633D103 90 5,800 SH   DFND 1 5,800 0 0
Pfizer Inc. Common 717081103 13,445 305,076 SH   DFND 2 305,076 0 0
Pfizer Inc. Common 717081103 4,451 101,000 SH   DFND 1 0 101,000 0
Pfizer Inc. Common 717081103 1,939 44,000 SH   DFND 1 44,000 0 0
Peoples United Financial Common 712704105 26 1,500 SH   DFND 1 0 1,500 0
Quotient Limited Common G73268107 1,261 167,000 SH   DFND 2 167,000 0 0
RMR Group Inc. Common 74967R106 1 16 SH   DFND 1 0 16 0
Radius Health Inc. Common 750469207 392 22,000 SH   DFND 2 22,000 0 0
Ryman Hospitality Ppty Inc. Common 78377T107 1,034 12,000 SH   DFND 1 0 12,000 0
Ryman Hospitality Ppty Inc. Common 78377T107 34 400 SH   DFND 1 400 0 0
Starwood Ppty Common 85571B105 9 400 SH   DFND 1 400 0 0
Stemline Therapeutics, Inc. Common 85858C107 1,748 105,287 SH   DFND 2 105,287 0 0
The Howard Hughes Corporation Common 44267D107 2,894 23,300 SH   DFND 2 23,300 0 0
The Kraft Heinz Company Common 500754106 323 5,865 SH   DFND 1 0 5,865 0
The Kraft Heinz Company Common 500754106 167 3,035 SH   DFND 1 3,035 0 0
The Michaels Companies, Inc. Common 59408Q106 4,869 300,000 SH   DFND 2 300,000 0 0
Total SA Common 89151E109 187 2,900 SH   DFND 1 0 2,900 0
Total SA Common 89151E109 152 2,360 SH   DFND 1 2,360 0 0
Upland Software Inc. Common 91544A109 11,309 350,000 SH   DFND 2 350,000 0 0
Verizon Communications Inc. Common 92343V104 907 16,991 SH   DFND 1 0 16,991 0
Verizon Communications Inc. Common 92343V104 70 1,320 SH   DFND 1 1,320 0 0
Viking Therapeutics, Inc. Common 92686J106 4,122 236,600 SH   DFND 2 236,600 0 0
Viveve Medical, Inc. Common 92852W204 170 63,449 SH   DFND 2 63,449 0 0
Wheeler Real Estate Investment Trust, Inc. Common 963025606 611 29,165 SH   DFND 2 29,165 0 0
WP Carey Common 92936U109 386 6,000 SH   DFND 1 0 6,000 0
Xenon Pharmaceuticals Inc. Common 98420N105 2,289 173,390 SH   DFND 2 173,390 0 0
Zogenix, Inc. Common 98978L204 1,292 26,039 SH   DFND 2 26,039 0 0