0001161722-12-000002.txt : 20120501
0001161722-12-000002.hdr.sgml : 20120501
20120501121141
ACCESSION NUMBER: 0001161722-12-000002
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120331
FILED AS OF DATE: 20120501
DATE AS OF CHANGE: 20120501
EFFECTIVENESS DATE: 20120501
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: HOLLENCREST SECURITIES LLC
CENTRAL INDEX KEY: 0001161722
IRS NUMBER: 954121065
STATE OF INCORPORATION: CA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-06753
FILM NUMBER: 12798912
BUSINESS ADDRESS:
STREET 1: 5535 BALBOA BLVD
STREET 2: SUITE 200
CITY: ENCINO
STATE: CA
ZIP: 91316
BUSINESS PHONE: 8183827720
FORMER COMPANY:
FORMER CONFORMED NAME: RND RESOURCES INC
DATE OF NAME CHANGE: 20011031
13F-HR
1
inftable.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549 FORM 23F FORM
13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2012
Check Here if Amendment [ ]
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Hollencrest Securities LLC
Address: 100 Bayview Circle
Suite 500
Newport Beach, CA 92660
13F File Number: 801-55904
The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts
of this submission.
Person Signing this Report on Behalf of Reporting Manager:
Name: Peter J. Pellizzon
Title: Managing Director
Phone: 949-823-7723
Signature: Place: and Date of Signing:
Peter J. Pellizzon Los Angeles, California May 1, 2012
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager: None
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 346
Form 13F Information Table Value Total: $418,671
($1,000s)
List of Other Included Managers: 0
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
360 VOX CORPORATION CL A COM 885578104 1 10000 SH SOLE 10000
A T & T INC NEW COM 301 9631 SH SOLE 7497 2134
ACADIA PHARMACEUTICALS INC COM 004225108 140 64620 SH SOLE 64620
ALLERGAN INC COM 018490102 438 4589 SH SOLE 4589
ALTRIA GROUP INC COM 02209S103 299 9693 SH SOLE 7618 2075
AMAZON COM INC COM 023135106 1389 6859 SH SOLE 277 6582
AMPHENOL CORP NEW-CL A COM 032095101 1231 20600 SH SOLE 20600
APPLE INC COM 037833100 2618 4366 SH SOLE 2291 2075
ARENA PHARMACEUTICALS COM 040047102 57 18700 SH SOLE 7000 11700
Advanced Micro Devices Inc Com COM 007903107 85 10649 SH SOLE 2061 8588
BALSAM VENTURES INC NEW COM 058820200 0 12000 SH SOLE 12000
BANK OF AMERICA CORP COM 060505104 748 78172 SH SOLE 23337 54835
BERKSHIRE HATHAWAY B NEW CLASS COM 084670702 15552 191640 SH SOLE 4040 187600
Bank 1440 Peoria Ariz Com COM 062199104 40 24407 SH SOLE 24407
Bionovo Inc. COM 0 10000 SH SOLE 10000
CALIFORNIA REPUBLIC BANCORP COM 13056p100 485 50000 SH SOLE 50000
CATERPILLAR INC COM 149123101 337 3163 SH SOLE 3000 163
CENVEO INC COM 65 19125 SH SOLE 19125
CHESAPEAKE ENERGY CORP COM 165167107 904 39000 SH SOLE 39000
CHEVRON CORPORATION COM 166764100 1068 9966 SH SOLE 8081 1885
CISCO SYSTEMS INC COM 17275r102 533 25222 SH SOLE 7858 17364
CITIGROUP INC NEW COM 172967424 608 16643 SH SOLE 12621 4022
CNO FINANCIAL GROUP INC COM 208464883 130 16700 SH SOLE 16700
COCA COLA COMPANY COM 191216100 518 6996 SH SOLE 6221 775
CONOCOPHILLIPS TRADES WITH DUE COM 20825C104 479 6295 SH SOLE 4209 2086
COSTCO WHOLESALE CORP-NEW COM 22160k105 325 3578 SH SOLE 2000 1578
CYCLONE POWER TECHNOLOGIES INC COM 23254w104 4 20000 SH SOLE 20000
Conographic Corp Calif Restr COM 0 11000 SH SOLE 11000
Cvb Financial Corp COM 126600105 181 15402 SH SOLE 15402
DENISON MINES CORP COM 248356107 124 80000 SH SOLE 80000
EXXON MOBIL CORPORATION COM 30231g102 1842 21235 SH SOLE 2995 18240
FIDELITY NATIONAL INFORMATION COM 31620m106 1564 47212 SH SOLE 47212
FIRST REPUBLIC BANK COM 33616C100 688 20883 SH SOLE 20883
FORD MOTOR COMPANY NEW COM 345370860 328 26254 SH SOLE 13590 12664
Fidelity National Financial In COM 316326107 4575 253723 SH SOLE 253723
GENERAL ELECTRIC COMPANY COM 369604103 1301 64804 SH SOLE 39283 25521
GERON CORP COM 374163103 17 10000 SH SOLE 10000
GLOBAL CLEAN ENERG HLDGS COM 6 298814 SH SOLE 298814
GOOGLE INC CLASS A COM 38259P508 494 771 SH SOLE 165 606
GRAN COLOMBIA GOLD CORP COM 38501d204 187 466500 SH SOLE 466500
HERBALIFE LTD F COM g4412g101 11396 165587 SH SOLE 157932 7655
IDENTIVE GROUP INC COM 45170x106 29 14050 SH SOLE 14050
INTEL CORP COM 458140100 961 34183 SH SOLE 10969 23214
INTL BUSINESS MACHINES COM 459200101 3729 17870 SH SOLE 100 17770
INTUITIVE SURGICAL NEW COM 656 1210 SH SOLE 770 440
Icu Med Inc Com COM 44930G107 245 4975 SH SOLE 4975
JOHNSON & JOHNSON COM 478160104 419 6349 SH SOLE 5183 1166
JPMORGAN CHASE & CO COM 46625H100 300 6516 SH SOLE 5890 626
KIOR INC CL A COM 497217109 418 31250 SH SOLE 1250 30000
LARGO VISTA GROUP LTD COM 517104105 0 100000 SH SOLE 100000
LIGHTWAVE LOGIC INC COM 532275104 17 10000 SH SOLE 10000
MANULIFE FINANCIAL CORP COM 56501r106 761 56178 SH SOLE 56178
MARATHON OIL CORP COM 565849106 316 9956 SH SOLE 7356 2600
MC DONALDS CORP COM 580135101 257 2622 SH SOLE 2287 335
MERCK & CO INC NEW COM 58933y105 706 18374 SH SOLE 8800 9574
MICROSOFT CORP COM 594918104 2294 71129 SH SOLE 9489 61640
North American Pallidum Compan COM 109 41100 SH SOLE 41100
Ntm Inc COM 629408105 0 30000 SH SOLE 30000
ORACLE CORPORATION COM 68389x105 1528 52397 SH SOLE 3479 48918
PACWEST BANCORP COM 695263103 880 36209 SH SOLE 36209
PFIZER INCORPORATED COM 717081103 449 19838 SH SOLE 12688 7150
PHILIP MORRIS INTL INC COM 718172109 7290 82275 SH SOLE 82008 267
PINETREE CAPITAL LTD NEW COM 723330106 16 11700 SH SOLE 11700
PROCTER & GAMBLE COM 742718109 1105 16437 SH SOLE 453 15984
QUALCOMM INC COM 747525103 286 4203 SH SOLE 2804 1399
SALESFORCE COM COM 79466L302 618 4000 SH SOLE 4000
SANDS CHINA LTD USD0.01REG S I COM g7800x107 42 10842 SH SOLE 10842
SEA DRAGON ENERGY INC COM 811375104 3 34000 SH SOLE 34000
SEAGATE TECHNOLOGY PLC F COM g7945m107 815 30225 SH SOLE 11765 18460
SHINSEI BANK LTD ORD F COM 102 78000 SH SOLE 78000
SIGNATURE GROUP HOLDINGS COM 82670c100 5 19028 SH SOLE 11000 8028
SIRIUS XM RADIO INC COM 82966U103 84 36200 SH SOLE 36200
STILLWATER MINING CO COM 86074q102 411 32500 SH SOLE 32500
SUPERVALU INC COM 868536103 59 10400 SH SOLE 10400
TESCO PLC ORD F COM 121 22875 SH SOLE 22875
THL CREDIT INC COM 130 10100 SH SOLE 10100
TOWERSTREAM CORP COM 892000100 48 10000 SH SOLE 10000
TRANSWORLD BENEFITS INTERNATIO COM 894073105 0 104000 SH SOLE 104000
TYSON FOODS INC CL A COM 902494103 383 20000 SH SOLE 20000
Transition Therapeutics Inc Ne COM 893716209 254 143002 SH SOLE 143002
UNITED PARCEL SVC INC CL B COM 911312106 25080 310700 SH SOLE 151120 159580
UNITEDHEALTH GROUP INC COM 91324p102 273 4637 SH SOLE 4417 220
UNIVERSAL GUARDIAN HLDGS COM 0 13900 SH SOLE 13900
US BANCORP DEL COM NEW COM 902973304 3992 126020 SH SOLE 126020
VERIZON COMMUNICATIONS COM 92343v104 279 7290 SH SOLE 3549 3741
VISA INC CLASS A COM 92826C839 2431 20600 SH SOLE 1100 19500
Volcano Corp COM 928645100 1134 40000 SH SOLE 40000
WELLS FARGO & CO NEW COM 949746101 671 19652 SH SOLE 14350 5302
XEROX CORP COM 984121103 83 10300 SH SOLE 10300
AEGON NV ORD REG AMER F SPONSO ADR 007924103 122 21900 SH SOLE 21900
ALLIANZ SE SPONSORED ADR REPST ADR 018805101 357 30000 SH SOLE 30000
Alcatel-Lucent Sponsored Adr ADR 26 11281 SH SOLE 11281
BHP BILLITON LTD SPONSORED ADR ADR 088606108 4160 57465 SH SOLE 57465
BP PLC ADR F SPONSORED ADR 1 A ADR 055622104 315 7009 SH SOLE 6389 620
CAMELOT INFORMATION SYS INC AD ADR 13322v105 38 10000 SH SOLE 10000
DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 295 24500 SH SOLE 24500
ENI S P A SPON ADR F SPONSORED ADR 26874r108 258 5520 SH SOLE 3425 2095
PETROCHINA CO ADR F SPONSORED ADR 71646e100 259 1840 SH SOLE 1185 655
PETROLEO BRASILEIRO ADRF SPONS ADR 71654V408 239 9009 SH SOLE 6069 2940
REPSOL YPF S A ADR F SPONSORED ADR 76026t205 321 12795 SH SOLE 9240 3555
ROYAL DUTCH SHELL A ADRF SPONS ADR 780259206 391 5578 SH SOLE 4200 1378
TAIWAN SEMICONDUCTOR MFG CO LT ADR 874039100 7091 464080 SH SOLE 464080
TOTAL S A ADR F 1 ADR REP 1 OR ADR 89151e109 234 4570 SH SOLE 2845 1725
GLOBAL X FTSE ETF 20 COLOMBIA INDEX CEF 324 15300 SH SOLE 15300
ISHARES DJ SELECT DIV FD SELEC INDEX CEF 464287168 1625 29039 SH SOLE 28445 594
ISHARES DJ US HOME CONST INDEX INDEX CEF 464288752 4904 333140 SH SOLE 280790 52350
ISHARES MSCI AUS IDX FD AUSTRA INDEX CEF 464286103 2294 97590 SH SOLE 95065 2525
ISHARES MSCI CDA IDX FD CANADA INDEX CEF 1023 36093 SH SOLE 36093
ISHARES MSCI CHILE INVESTABLE INDEX CEF 278749106 307 4500 SH SOLE 4500
ISHARES MSCI ETF ALL PERU CAPP INDEX CEF 402 8600 SH SOLE 8600
ISHARES MSCI JPN IDX FD JAPAN INDEX CEF 464286848 571 56100 SH SOLE 42820 13280
ISHARES MSCI KOREA IDX KOREA I INDEX CEF 464286772 711 11948 SH SOLE 11948
ISHARES MSCI MALAYSIA MALAYSIA INDEX CEF 464286830 758 51892 SH SOLE 51892
ISHARES MSCI SINGAPORE SINGAPO INDEX CEF 464286673 684 53059 SH SOLE 53059
ISHARES MSCI THAI INDEX THAILA INDEX CEF 471 6474 SH SOLE 6474
ISHARES RUSSELL MIDCAP GROWTH INDEX CEF 464287481 352 5592 SH SOLE 5592
ISHARES S&P 500 GROWTH S&P 500 INDEX CEF 464287309 633 8397 SH SOLE 7180 1217
ISHARES S&P 500 VALUE S&P 500 INDEX CEF 464287408 1941 29887 SH SOLE 26980 2907
ISHARES S&P MIDCAP 400 GROWTH INDEX CEF 464287606 2795 24860 SH SOLE 21725 3135
ISHARES S&P MIDCAP 400 VALUE I INDEX CEF 464287705 1812 21213 SH SOLE 19298 1915
ISHARES TR HIGH DIVID EQ HIGH INDEX CEF 434 7600 SH SOLE 7600
ISHARES TR MSCI EAFE FD MSCI E INDEX CEF 464287465 1083 19736 SH SOLE 17879 1857
ISHARES TR RUSSELL 1000 RUSSEL INDEX CEF 464287614 4504 68164 SH SOLE 55068 13096
ISHARES TR RUSSELL 3000 RUSSEL INDEX CEF 464287671 8665 160826 SH SOLE 147606 13220
ISHARES TR RUSSELL 3000 RUSSEL INDEX CEF 464287689 5415 65025 SH SOLE 64980 45
ISHARES TR RUSSELL MIDCAP INDE INDEX CEF 464287499 978 8832 SH SOLE 8587 245
ISHARES TR S&P 100 INDEXFUND INDEX CEF 464287101 428 6690 SH SOLE 6690
ISHARES TR S&P SMALLCAP 600 VA INDEX CEF 464287879 289 3678 SH SOLE 2508 1170
ISHARES TRUST RUSSELL 1000 VAL INDEX CEF 464287598 201 2867 SH SOLE 1667 1200
ISHARES TRUST RUSSELL 2000 GRO INDEX CEF 464287648 619 6491 SH SOLE 3719 2772
ISHARES TRUST S&P 500 S&P 500 INDEX CEF 464287200 3725 26379 SH SOLE 26329 50
JP MORGAN EXCH TRADED NT ALERI INDEX CEF 46625h365 5321 135950 SH SOLE 121790 14160
MARKET VECTORS ETF TRUST GOLD INDEX CEF 57060u100 2003 40432 SH SOLE 31827 8605
MARKET VECTORS ETF TRUST INDON INDEX CEF 1892 63357 SH SOLE 63357
MARKET VECTORS ETF VIETNAM INDEX CEF 734 38360 SH SOLE 38360
POWERSHS EXCH TRAD FD TR POWER INDEX CEF 73935x823 9182 605710 SH SOLE 508150 97560
POWERSHS EXCH TRAD FD TR POWER INDEX CEF 73935x799 1674 53274 SH SOLE 53100 174
POWERSHS QQQ TRUST SER 1 INDEX CEF 73935a104 1006 14895 SH SOLE 6726 8169
S P D R S&P 500 ETF TR EXPIRIN INDEX CEF 78462f103 1448 10284 SH SOLE 5898 4386
SECTOR SPDR ENGY SELECT SHARES INDEX CEF 81369y506 2765 38530 SH SOLE 29910 8620
SECTOR SPDR HEALTH FUND SHARES INDEX CEF 81369y209 517 13757 SH SOLE 13757
SECTOR SPDR TECH SELECT SHARES INDEX CEF 81369y803 1378 45694 SH SOLE 43744 1950
SPDR DOW JONES INDL AVERAGE ET INDEX CEF 78467x109 440 3341 SH SOLE 400 2941
SPDR S&P DIVIDEND ETF INDEX CEF 78464a763 2346 41420 SH SOLE 35355 6065
SPDR S&P HOMEBUILDERS ETF INDEX CEF 78464a888 5187 242950 SH SOLE 189000 53950
SPDR S&P MIDCAP 400 ETF INDEX CEF 1062 5875 SH SOLE 5875
SPDR S&P REGIONAL BKING INDEX CEF 78464a698 9833 345371 SH SOLE 279660 65711
VANGUARD ENERGY ETF INDEX CEF 92204a306 634 6025 SH SOLE 5980 45
VANGUARD INFO TECHNOLOGY INDEX CEF 92204a702 4819 64961 SH SOLE 56721 8240
VANGUARD INTL EQTY INDEX FTSE INDEX CEF 922042775 680 15377 SH SOLE 13977 1400
VANGUARD MID CAP GROWTH INDEX CEF 922908538 561 8140 SH SOLE 8140
VANGUARD MSCI EMERGING MARKETS INDEX CEF 922042858 778 17886 SH SOLE 16557 1329
VANGUARD SMALL CAP GRWTH INDEX CEF 922908595 1207 13882 SH SOLE 11722 2160
VANGUARD TOTAL STOCK MKT INDEX CEF 922908769 1131 15647 SH SOLE 14597 1050
WISDOMTREE DIVIDEND EX FINANCI INDEX CEF 97717w406 2542 46361 SH SOLE 42095 4266
WISDOMTREE EQUITY INC FD HI YI INDEX CEF 748 16700 SH SOLE 16700
WISDOMTREE INDIA EARNING INDEX CEF 97717W422 517 26841 SH SOLE 26841
WISDOMTREE JAPAN TOT DIV JAPAN INDEX CEF 97717w851 1570 42560 SH SOLE 39200 3360
WISDOMTREE SMALLCAP DIV SMALLC INDEX CEF 97717w604 1206 24566 SH SOLE 22751 1815
BARCLAYS BANK IPATH ETN DOW JO ETF 569 12000 SH SOLE 12000
POWERSHS DB COMMDTY INDX ETF 73935s105 930 32295 SH SOLE 30355 1940
ISHARES BARCLAYS INTERMEDIATE ETF 464288638 1275 11750 SH SOLE 11750
ISHARES BARCLAYS MBS BOND FD E ETF 464288588 1543 14320 SH SOLE 14320
ISHARES BARCLAYS TIPS BOND FUN ETF 464287176 1348 11459 SH SOLE 11459
ISHARES IBOXX INVESTOP IBOXX $ ETF 464287242 7208 62341 SH SOLE 59508 2833
ISHARES S&P U S PFD FUND S&P U ETF 464288687 4112 105325 SH SOLE 95465 9860
ISHARES TR BARCLAYS BOND BARCL ETF 464288646 6213 59125 SH SOLE 55815 3310
ISHARES TR BARCLAYS FUND BARCL ETF 464287226 2144 19516 SH SOLE 19023 493
ISHARES TRUST IBOXX $ HIGH YIE ETF 464288513 2036 22440 SH SOLE 17707 4733
POWERSHS EXCH TRAD FD TR POWER ETF 73935X229 483 26975 SH SOLE 19325 7650
SPDR BARCLAYS CAPITAL HIGH YIE ETF 78464a417 7379 187428 SH SOLE 138545 48883
SPDR SERIES TRUST SPDR BRCLYS ETF 78464a516 277 4629 SH SOLE 4529 100
VANGUARD BOND INDEX FUND SHORT ETF 921937827 4349 53733 SH SOLE 51923 1810
VANGUARD SCOTTSDALE FUNDS VANG ETF 92206c870 685 8180 SH SOLE 8180
VANGUARD SCOTTSDALE FUNDS VANG ETF 92206c409 1059 13400 SH SOLE 13400
VANGUARD TOTAL BOND MARKET ETF ETF 921937835 676 8150 SH SOLE 8150
GOLDEN GATE CAP OPPTNTY FD LP LP 999193816 5336 4325618 SH SOLE 4325618
GOLDEN GATE CAP OPPTNTY FD LP LP 999193816 371 371485 SH SOLE 371485
POPE RESOURCES DEPOSITARY RECE LP 732857107 589 13477 SH SOLE 13477
Pimco Bravo spec On Te I LP LP 258 253780 SH SOLE 253780
Riverside Foxmoor Associates LP 0 85953 SH SOLE 85953
AEGON NV PFD F PERP CAP SECS F PFD 219 10000 SH SOLE 10000
AEGON NV PREFERRED PFD 007924608 646 24800 SH SOLE 24800
ALLIANZ SE 8.375% UNDATED SUBO PFD 018805200 473 18300 SH SOLE 18300
ARCH CAPITAL GROUP LTDPFD 6.75 PFD G0450A204 335 13200 SH SOLE 13200
AXIS CAP HLDGS LTD PFD SHSSER PFD 05461T206 218 2100 SH SOLE 2100
AXIS CAPITAL HOLDINGS LTDPFD 6 PFD G0692U307 556 21400 SH SOLE 21400
Amplimed Series B Preferred PFD 29 17059 SH SOLE 17059
Aviva PFD 291 11000 SH SOLE 11000
BAC CAPITAL TRUST III 7% TRUST PFD 05518e202 224 9000 SH SOLE 9000
BAC CAPITAL TRUST IV PFD ST PFD 055185201 286 12000 SH SOLE 2000 10000
BAC CAPITAL TRUST XII 6.875% C PFD 05633t209 274 11100 SH SOLE 1050 10050
BANK OF AMERICA8.625%PFD DEP S PFD 202 7880 SH SOLE 7880
BARCLAYS BK PLC SPONSORED ADRP PFD 06739H362 275 10792 SH SOLE 10792
Bank of America Dep Sh Repstg PFD 334 13000 SH SOLE 7000 6000
CITIGROUP CAP XIX 7.25% ENHANC PFD 17311u200 1006 40000 SH SOLE 40000
CITIGROUP CAPITAL VII 7.125 TR PFD 17306n203 649 25740 SH SOLE 15000 10740
CITIGROUP CAPITAL VIII 6.95% T PFD 17306r204 381 15240 SH SOLE 1000 14240
COBANK ACB PERP PFD SER B %144 PFD 19075Q300 461 9750 SH SOLE 9750
COBANK ACB PFD CUM PERP SER AN PFD 19075Q201 238 5000 SH SOLE 5000
COUNTRYWIDE CAP V GTD CAP SEC PFD 222388209 554 23200 SH SOLE 23200
DEUTSCH BK CONTINGENT CAP TR V PFD 25150L108 231 8600 SH SOLE 8600
DEUTSCHE BK CONTINGENT CAP TRI PFD 25154A108 313 12213 SH SOLE 12213
ENDURANCE SPECIALTY HLDGPFD 7. PFD G30397304 336 13000 SH SOLE 13000
FARM CR BK TEX PERP NON CUMULA PFD 30767e307 2191 1850 SH SOLE 1850
FIRST REPUBLIC BANK/SAN FRANCI PFD 33616C209 337 13300 SH SOLE 13300
FLEET CAPITAL TRUST IX 6.00% T PFD 33889y201 225 9482 SH SOLE 9482
FLEET CAPITAL TRUST VIIIDEF IN PFD 33889x203 386 15501 SH SOLE 3566 11935
GOLDMAN SACHS GP DEP SHS PERPE PFD 194 10000 SH SOLE 10000
GOLDMAN SACHS GROUP INC (THE) PFD 38143y665 314 16200 SH SOLE 10000 6200
GOLDMAN SACHS GROUP INC 6.20% PFD 38144x500 403 16104 SH SOLE 16104
GOLDMAN SACHS SER D PFD DEP SH PFD 546 26900 SH SOLE 26900
ING GROEP N V 8.50% ING PERPET PFD 456837806 468 18464 SH SOLE 18464
ING GROEP NV 7.375% PFDF PERPE PFD 456837707 372 15559 SH SOLE 15559
MBNA CAP D TRUPS SER D PFD 55266J200 350 13875 SH SOLE 10625 3250
MBNA CAP E TR ORIGINATED PFDSE PFD 55270B201 408 16110 SH SOLE 12410 3700
MORGAN STANLEY CAP TR VI CAPSE PFD 617461207 248 10000 SH SOLE 10000
NATIONAL CITY CAP 8.0%47 CAP T PFD 382 15000 SH SOLE 15000
Security Etch Intl Sr-B Red/Cv PFD 0 20000 SH SOLE 20000
Sovereign Real Estate 144A PFD 398 340 SH SOLE 340
TABERNA PFD FDG I LTD PFD SHS PFD 87330l200 0 500000 SH SOLE 500000
ALLIANCEBERSTEIN NATL FD NON-TAX CEF 01864u106 270 18210 SH SOLE 8360 9850
BLACKROCK CA MUN INCM TR CALIF NON-TAX CEF 09248e102 761 50635 SH SOLE 50635
BLACKROCK MUN INCOME TR NON-TAX CEF 09248f109 1397 96381 SH SOLE 96381
BLACKROCK MUNIYIELD FUND NON-TAX CEF 09253w104 259 16900 SH SOLE 16900
BLKRCK MUNIHLDGS INV FD NON-TAX CEF 09254p108 531 36363 SH SOLE 35950 413
BLKRCK MUNIHLDGS QLTY II NON-TAX CEF 09254c107 254 18170 SH SOLE 18170
BLKRCK MUNIYIELD CA QLTY NON-TAX CEF 09254n103 5307 357144 SH SOLE 291344 65800
BLKRCK MUNIYIELD CAL FD NON-TAX CEF 09254m105 2684 174880 SH SOLE 110555 64325
CALIF MUNI INCOME FUND CALIFOR NON-TAX CEF 1048 71240 SH SOLE 18400 52840
DREYFUS STRATEGIC MUN BD FUND NON-TAX CEF 26202f107 115 13253 SH SOLE 11253 2000
EATON VANCE MUNICIPAL BOND FUN NON-TAX CEF 27827x101 541 41600 SH SOLE 31700 9900
EATON VANCE TAX ADV FD BOND/OP NON-TAX CEF 27829m103 180 10640 SH SOLE 7640 3000
FEDT PREMIER MUNI INCM NON-TAX CEF 168 10491 SH SOLE 10491
INVESCO MUNI PREM INC TR SBI NON-TAX CEF 109 12300 SH SOLE 12300
INVESCO VAN KAMPEN CA VALUE TR NON-TAX CEF 46132h106 768 58424 SH SOLE 25824 32600
INVESCO VAN KAMPEN MUNI TRUST NON-TAX CEF 46131j103 275 19320 SH SOLE 10320 9000
MFS INVT GRADE MUNI TR TR SBI NON-TAX CEF 149 14644 SH SOLE 14644
NUVEEN CA DIV AD MUNI FD CALIF NON-TAX CEF 67069x104 727 48708 SH SOLE 11373 37335
NUVEEN CA DIV ADV MUN FD NON-TAX CEF 67066y105 382 26563 SH SOLE 20613 5950
NUVEEN CALIFORNIA PREMIUM INCO NON-TAX CEF 6706l0102 385 25617 SH SOLE 17 25600
NUVEEN DIV ADV MUN FD 3 CALIFO NON-TAX CEF 67070y109 498 36200 SH SOLE 18200 18000
NUVEEN DIVID AD MUN FD 2 NON-TAX CEF 287 18870 SH SOLE 15400 3470
NUVEEN ENHANCED MUNI FD NON-TAX CEF 67074m101 205 13600 SH SOLE 13600
NUVEEN MUNICIPAL HIGH INCOME O NON-TAX CEF 670682103 134 10400 SH SOLE 6300 4100
NUVEEN PERFORMANCE PLUS MUNI F NON-TAX CEF 67062p108 186 12000 SH SOLE 12000
NUVEEN PREM INCM MUN II NON-TAX CEF 67063w102 347 23160 SH SOLE 18960 4200
NUVEEN QLTY INCM MUNI FD NON-TAX CEF 670977107 208 13900 SH SOLE 5200 8700
PIMCO CALIF MUN INCM FD CALIFO NON-TAX CEF 72200N106 273 19283 SH SOLE 19283
PIMCO MUN INCOME FUND NON-TAX CEF 72200r107 269 18500 SH SOLE 18500
PIONEER MUNI HIGH INCM NON-TAX CEF 723763108 150 10208 SH SOLE 10208
PUTNAM MANAGED MUNI INCM SHS B NON-TAX CEF 746823103 253 32900 SH SOLE 32900
PUTNAM MUNICIPAL OPPORTUNITIES NON-TAX CEF 746922103 230 18320 SH SOLE 18320
BLACKROCK BUILD AMERICA TAXABLE MUNI CEF 09248x100 784 36549 SH SOLE 19950 16599
NUVEEN BAB TERM FUND TAXABLE MUNI CEF 67074c103 371 18400 SH SOLE 7400 11000
AMGEN INC SR CV 0.375%13 CONV 031162aq3 307 300000 PRN SOLE 300000
Convertible Promissory Note #1 CONV RUBIN-CP- 250 250000 PRN SOLE 250000
FIDELITY NATIONAL FINANCIAL IN CONV 31620rad7 1068 1000000 PRN SOLE 1000000
LIBERTY MEDIA CONV CONV 530715ag6 14 25000 PRN SOLE 25000
TRANSOCEAN INC SER C CVT SR NO CONV 893830aw9 495 500000 PRN SOLE 500000
ABERDEEN ASIA PAC INCM TAXABLE CEF 11262 1544884 SH SOLE 1544884
ADVENT CLAYMORE CONVERT TAXABLE CEF 007639107 127 18444 SH SOLE 15794 2650
ALLIANCEBERNSTEIN GLOBAL HIGH TAXABLE CEF 01879r106 195 13000 SH SOLE 13000
ALLIANCEBERNSTEIN INCM TAXABLE CEF 01881e101 387 47270 SH SOLE 4000 43270
AMERICAN SELECT PORT TAXABLE CEF 029570108 116 11138 SH SOLE 11138
BLKROCK CR ALLO INCOME TRUST I TAXABLE CEF 092508100 599 45833 SH SOLE 10700 35133
CALAMOS CNV HIGH INCM FD TAXABLE CEF 12811p108 564 44175 SH SOLE 1700 42475
CALAMOS CONV OPPRTNTY FD TAXABLE CEF 128117108 886 69360 SH SOLE 48940 20420
CALAMOS STRGC TOT RET FD TAXABLE CEF 128125101 246 24647 SH SOLE 23382 1265
CUTWATER SELECT INCOME FUND FR TAXABLE CEF cdc229100 0 49520 SH SOLE 49520
EATON VANCE LTD DURATION INCOM TAXABLE CEF 27828H105 2188 136294 SH SOLE 67474 68820
GLOBAL HIGH INCOME FUND INC TAXABLE CEF 37933g108 422 31384 SH SOLE 9100 22284
HELIOS STRATEGIC MORTGAGE INCO TAXABLE CEF 42327m109 316 50000 SH SOLE 50000
HELIOS TOTAL RETURN FUND TAXABLE CEF 42327v109 233 38655 SH SOLE 38655
M S EMERGING MKTS DEBT TAXABLE CEF 1363 83948 SH SOLE 9883 74065
MFS MULTI MKT INC TRUST SH BEN TAXABLE CEF 552737108 394 56380 SH SOLE 56380
NUVEEN CREDIT STRAT INCM TAXABLE CEF 67073d102 254 28296 SH SOLE 25796 2500
NUVEEN FLOATING RATE INCOME OP TAXABLE CEF 6706en100 1160 96250 SH SOLE 88280 7970
NUVEEN FLTG RATE INCM FD TAXABLE CEF 67072t108 947 79420 SH SOLE 76520 2900
NUVEEN GOVT INCOME FUND TAXABLE CEF 67090n109 466 35239 SH SOLE 30239 5000
NUVEEN PREFERRED INCOME OPPORT TAXABLE CEF 67073b106 103 11560 SH SOLE 11560
NUVEEN QUALITY PFD INCOME FD 2 TAXABLE CEF 67072c105 159 18456 SH SOLE 16889 1567
NUVEEN QUALITY PREFERRED INCOM TAXABLE CEF 67072w101 89 10667 SH SOLE 10200 467
PIMCO CORP & INC OPPTY FUND TAXABLE CEF 72201b101 837 44995 SH SOLE 18795 26200
PIMCO INCOME OPPTY FUND TAXABLE CEF 72202b100 972 36896 SH SOLE 15951 20945
PIMCO INCOME STRA FD II TAXABLE CEF 72201j104 1359 133763 SH SOLE 95532 38231
PIMCO INCOME STRATEGY FD TAXABLE CEF 72201h108 510 44886 SH SOLE 32151 12735
PIONEER FLOATING RATE TR TAXABLE CEF 72369j102 168 12999 SH SOLE 12999
PUTNAM MASTER INTERM SBI INCOM TAXABLE CEF 746909100 81 15679 SH SOLE 15679
PUTNAM PREMIER INC TR SH BEN I TAXABLE CEF 746853100 487 88349 SH SOLE 83099 5250
PYXIS CREDIT STRATEGIES FUND TAXABLE CEF 74734w107 85 13418 SH SOLE 11958 1460
STRATEGIC GLOBAL INCM FD TAXABLE CEF 862719101 437 40937 SH SOLE 39537 1400
TEMPLETON GLOBAL INCOME FD INC TAXABLE CEF 880198106 4021 416701 SH SOLE 3933 412768
WELLS FARGO ADV INCOME OPPORTU TAXABLE CEF 94987b105 479 46819 SH SOLE 42380 4439
WELLS FARGO ADV MULTI SECTOR I TAXABLE CEF 94987d101 503 33204 SH SOLE 16997 16207
WESTERN ASSET GLOBAL PARTNERS TAXABLE CEF 95766g108 218 16880 SH SOLE 16880
WESTRN ASSET GLOBAL HIGH INCOM TAXABLE CEF 95766b109 234 17695 SH SOLE 17695
WESTRN ASSET WRLDWD INCM TAXABLE CEF 957668106 155 10668 SH SOLE 10668
WSTRN ASSET EMERGE MKT I EMERG TAXABLE CEF 95766f100 209 14650 SH SOLE 11050 3600
WSTRN ASSET EMERGNG MKTS EMERG TAXABLE CEF 95766a101 571 28342 SH SOLE 20342 8000
AGIC GLBL EQTY & CONV CEFS 00119r108 317 22315 SH SOLE 1150 21165
AGIC INTL & PREMIUM CEFS 00119q100 112 10200 SH SOLE 4500 5700
ALPINE TOTAL DYNAMIC FD CEFS 021060108 508 107162 SH SOLE 80862 26300
BLACKROCK ENHANCED EQUITY DIVI CEFS 09251a104 671 89436 SH SOLE 88915 521
BLACKROCK GLOBAL OPPTYS CEFS 092501105 206 13430 SH SOLE 9260 4170
BLACKROCK INTL GROWTH TR CEFS 092524107 236 30100 SH SOLE 16200 13900
BLCKRCK ENHCD CAP & INCM CEFS 09256a109 294 21800 SH SOLE 16100 5700
CALAMOS GLOBAL INCOME FD CEFS 12811l107 119 13473 SH SOLE 13473
COHEN & STEERS CLOSD END CEFS 19248p106 184 14400 SH SOLE 11300 3100
COHEN & STEERS GLBL INCM CEFS 19248m103 124 11600 SH SOLE 5300 6300
DIVIDEND & INCOME FD INC CEFS 25538a105 148 40800 SH SOLE 30000 10800
EATON VANCE ENHANCE EQTY CEFS 278277108 114 10500 SH SOLE 4700 5800
EATON VANCE RISK MANAGED CEFS 27829g106 741 69998 SH SOLE 39198 30800
EATON VANCE TAX MANAGED CEFS 27828N102 300 31460 SH SOLE 9060 22400
EATON VANCE TAX MGD BUY CEFS 27828y108 378 29200 SH SOLE 17900 11300
EATON VANCE TAX-MANAGED GLOBAL CEFS 27829c105 453 41016 SH SOLE 40816 200
ING GLOBAL EQTY DIV PREM CEFS 45684e107 133 13850 SH SOLE 13850
LIBERTY ALL-STAR EQUITY FUND S CEFS 530158104 228 46178 SH SOLE 46178
NFJ DIVIDEND INTEREST FD CEFS 65337h109 254 14200 SH SOLE 8300 5900
TEMPLETON DRAGON FD INC COM CEFS 88018T101 13296 468998 SH SOLE 933 468065
WELLS FARGO ADV GLOBAL DIVIDEN CEFS 94987c103 239 28000 SH SOLE 21000 7000
ISHARES TR S&P NATL AMTFREE ETF 464288414 752 6870 SH SOLE 6870
SPDR NUVEEN BARCLAYS CAP MUNIC ETF 78464a458 239 10035 SH SOLE 10035
POWERSHARES EXCH TRAD FD BUILD TAXABLE MUNI ETF 73937b407 9391 323172 SH SOLE 283999 39173
PROSHARES ULTRA BASIC MATERIAL ETFS 74347r776 1340 35000 SH SOLE 35000
ISHARES GOLD TRUST ETF 464285105 5295 325448 SH SOLE 316408 9040
SPDR GOLD TRUST SPDR GOLD SHAR ETF 78463V107 2851 17587 SH SOLE 8392 9195
EATON VANCE TAX ADVANTAGED DIV CEFS 27828g107 1366 81643 SH SOLE 22000 59643
EATON VANCE TAX ADVANTAGED GLO CEFS 27828s101 892 61649 SH SOLE 10000 51649
EATON VANCE TAX-ADVANTAGED GLO CEFS 27828u106 1228 62730 SH SOLE 15300 47430
EV TAX MAN GLB DIV EQTY CEFS 27829F108 312 35049 SH SOLE 11849 23200
GABELLI EQUITY TRUST INC CEFS 362397101 1684 292917 SH SOLE 38900 254017
ALPINE GLOBAL PREMIER FD REIT CEF 02083a103 855 131545 SH SOLE 53500 78045
REDWOOD TRUST INC REIT REIT CEF 758075402 131 11700 SH SOLE 11700
AMERICAN CAPITAL AGENCY REITS ETF 02503x105 2022 68449 SH SOLE 54722 13727
ANNALY CAPITAL MGMT REIT ETF 035710409 8434 533153 SH SOLE 452763 80390
ANWORTH MTG ASSET CORP REIT ETF 037347101 897 136280 SH SOLE 112920 23360
CAPSTEAD MORTGAGE CP NEW REIT ETF 14067e506 771 58810 SH SOLE 46781 12029
CHIMERA INVESTMENT CORPORATION ETF 16934q109 45 16000 SH SOLE 16000
CYS INVESTMENTS INC ETF 23281a307 1233 94180 SH SOLE 79905 14275
EXCEL TRUST INC REIT ETF 30068c109 260 21500 SH SOLE 21500
HATTERAS FINANCIAL CORP ETF 41902r103 1766 63285 SH SOLE 50620 12665
HUDSON PAC PPTYS INC REIT ETF 42221n104 250 16525 SH SOLE 16525
NORTHSTAR REALTY FIN CP REITS ETF 66704r100 169 31300 SH SOLE 31300
PARKWAY PROPERTIES INC REIT ETF 70159q104 170 16175 SH SOLE 16175
TERRENO REALTY CORP REIT ETF 88146m101 147 10250 SH SOLE 10250