13F-HR 1 horizonthirteenfdecten.txt HORIZONTHIRTEENFDECTEN UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Quarter ended: December 31, 2010 Institutional Investment Manager Filing this Report: Name: Horizon Asset Management, Inc. Address: 470 Park Avenue South 4th Floor South New York, N.Y. 10016 13F File Number: 28-6986 The institutional investment manager filing this report; and person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all 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 form. Person signing this Report on Behalf of Reporting Manager: Name: Andrew M. Fishman Title: General Counsel Phone: 646-495-7347 Signature, Place, and Date of Signing: Andrew M. Fishman New York, New York February 7, 2011 Report Type: 13F HOLDINGS REPORT List of Other Managers Reporting for this Manager: none I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. Report Summary: Number of Other Included Managers: none Form 13F Information Table Entry Total: 315 Form Information Table Value Total: $3,798,043,000 VALUE SHARES/ SH/ PUT/INVSTMT OTHERVOTING AUTHORITY NAME OF ISSUER TITLE CUSIP (x$1000PRN AMT PRN CALLDSCRETN MGRS SOLE SHARED NONE ABBOTT LABS COM 002824100 872 18192 SH SOLE 18192 0 0 ADVANCED MICRO DEVICES 6.000% 05/01 NOTE 6.000% 5/007903AL1 1096 1088000 PRN SOLE 1088000 0 0 AFFILIATED MANAGERS GROUP 3.950% 08 NOTE 3.950% 8/008252AL2 1976 1784000 PRN SOLE 1784000 0 0 ALLEGHENY ENERGY INC COM COM 017361106 4426 182586 SH SOLE 182586 0 0 ALLIANCE BERNSTEIN NATL MUN INCOME COM 01864U106 235 18173 SH SOLE 18173 0 0 ALLIANCE BERNSTEIN NEW YORK MUN INC COM 018714105 442 30972 SH SOLE 30972 0 0 ALLIANCE WORLD DLR GVT FD II COM 01879R106 1204 84205 SH SOLE 84205 0 0 ALTRIA GROUP INC COM 02209S103 691 28047 SH SOLE 28047 0 0 AMERICAN CAPITAL LTDCOM COM 02503Y103 204 26986 SH SOLE 26986 0 0 AMERICAN MUN INCOME PORTFOLI COM 027649102 473 36560 SH SOLE 36560 0 0 AMERICAN SELECT PORTFOLIO INC COM 029570108 879 84011 SH SOLE 84011 0 0 AMERICAN STRATEGIC INCM PTFL COM 030098107 226 18755 SH SOLE 18755 0 0 AMERN INTL GRP LGTM JAN 25 OPTION PUT 4ZN99T003 0 10000 PUT SOLE 10000 0 0 ANALOG DEVICES INC COM 032654105 454 12055 SH SOLE 12055 0 0 AOL INC LG-TM JAN 20 OPTION PUT 5NL99V022 4 36900 PUT SOLE 36900 0 0 APPOLO INVT CORP SHS BEN INT COM 03761U106 299 27043 SH SOLE 27043 0 0 ARTIO GLOBAL INVS INC COM CL A COM CL A 04315B107 890 60314 SH SOLE 60314 0 0 ASCENT MEDIA CORP COM SER A COM SER A 043632108 1778 45867 SH SOLE 45867 0 0 AUTONATION INC COM COM 05329W102 83645 2966127 SH SOLE 2966127 0 0 AUTOZONE INC COM 053332102 39716 145697 SH SOLE 145697 0 0 BANK AMER CORP COM 060505104 366 27457 SH SOLE 27457 0 0 BANK OF NEW YORK MELLON CORP COM 064058100 6446 213431 SH SOLE 213431 0 0 BECKMAN COULTER INC COM 075811109 2407 32000 SH SOLE 32000 0 0 BECKMAN COULTIER INC SR NT 2.500% 1 NOTE 2.500%12/075811AD1 8184 7171000 PRN SOLE 7171000 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW CL B NEW 084670702 147917 1846428 SH SOLE 1846428 0 0 BHP BILLITON LTD SPONSORED ADR ISIN SPONSORED ADR 088606108 1061 11419 SH SOLE 11419 0 0 BLACKROCK CREDIT ALLOCATION INC TR COM 09255H105 1350 137334 SH SOLE 137334 0 0 BLACKROCK CREDIT ALLOCATION INCOME COM 09255J101 2907 317712 SH SOLE 317712 0 0 BLACKROCK DEFINED OPPRTY CR COM 09255Q105 317 23460 SH SOLE 23460 0 0 BLACKROCK FL RATE OME STRA I SHS COM SHS 09255Y108 2813 205155 SH SOLE 205155 0 0 BLACKROCK FLOAT RATE OME STR COM 09255X100 2526 169748 SH SOLE 169748 0 0 BLACKROCK FLOATING RATE INCOME COM 091941104 5547 335171 SH SOLE 335171 0 0 BLACKROCK MUNIC BD INVST TR COM 09249K107 253 19030 SH SOLE 19030 0 0 BLACKROCK MUNICIPAL INCOME INVEST T SH BEN INT 09248H105 308 24998 SH SOLE 24998 0 0 BLACKROCK MUNIHOLDINGS N Y QUALITY COM 09255C106 516 38328 SH SOLE 38328 0 0 BLACKROCK MUNIYIELD N Y QUALITY FUN COM 09255E102 481 38642 SH SOLE 38642 0 0 BLACKROCK MUNIYIELD QUALITY COM 09254G108 304 26798 SH SOLE 26798 0 0 BLACKROCK NY MUN INC QUALITY TRUST COM 09249U105 1076 82448 SH SOLE 82448 0 0 BLACKROCK REAL ASSET EQUITY COM 09254B109 656 44897 SH SOLE 44897 0 0 BLACKROCK SR HIGH INCOME FD COM 09255T109 623 160383 SH SOLE 160383 0 0 BLACKSTONE GROUP L PCOM UNIT REPSTG COM UNIT LTD 09253U108 5182 366206 SH SOLE 366206 0 0 BOEING CO COM 097023105 653 10011 SH SOLE 10011 0 0 BOK FINL CORP COM NEW COM NEW 05561Q201 15318 286857 SH SOLE 286857 0 0 BOSTON PROPERTIES LP 2.875% 02/15/2 NOTE 2.875% 2/10112RAK0 6477 6381000 PRN SOLE 6381000 0 0 BP PLC SPONS ADR SPONSORED ADR 055622104 1433 32444 SH SOLE 32444 0 0 BRISTOL MYERS SQUIBBCO COM 110122108 845 31924 SH SOLE 31924 0 0 BROADRIDGE FINL SOLUTIONS INC COM 11133T103 1951 88953 SH SOLE 88953 0 0 BROOKFIELD ASSET MGMT INC VTG SHS CL A LTD VT SH 112585104 242179 7274831 SH SOLE 7274831 0 0 BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 2476 37055 SH SOLE 37055 0 0 CABLEVISION SYS CORP CL A SHS CL A NY CABLVS 12686C109 2279 67352 SH SOLE 67352 0 0 CACI INTL CONV 2.125% 05/01/2014 NOTE 2.125% 5/127190AD8 3807 3336000 PRN SOLE 3336000 0 0 CALPINE CORP COM NEW COM NEW 131347304 2899 217348 SH SOLE 217348 0 0 CAMECO CORP COM 13321L108 1009 24982 SH SOLE 24982 0 0 CANADIAN NAT RES LTD COM 136385101 17337 390293 SH SOLE 390293 0 0 CARNIVAL CORP PAIREDCTF 1 COM CARNI PAIRED CTF 143658300 95450 2070043 SH SOLE 2070043 0 0 CATERPILLAR INC COM 149123101 1090 11634 SH SOLE 11634 0 0 CB RICHARD ELLIS GROUP INC CL A CL A 12497T101 39608 1933984 SH SOLE 1933984 0 0 CBOE HLDGS INC COM COM 12503M108 29013 1269166 SH SOLE 1269166 0 0 CENOVUS ENERGY INC COM COM 15135U109 64097 1928305 SH SOLE 1928305 0 0 CENTERPOINT ENERGY INC COM 15189T107 4823 306823 SH SOLE 306823 0 0 CHARLES RIVER LAB 2.250% 06/15/13 NOTE 2.250% 6/159864AB3 2400 2400000 PRN SOLE 2400000 0 0 CHESAPEAKE ENERGDTD 05/27/0 2.250% NOTE 2.250%12/165167CB1 5140 6600000 PRN SOLE 6600000 0 0 CHESAPEAKE ENERGDTD 11/08/0 2.750% NOTE 2.750%11/165167BW6 6451 6500000 PRN SOLE 6500000 0 0 CHESAPEAKE ENERGY CORP 2.500% 05/15 NOTE 2.500% 5/165167BZ9 1842 2064000 PRN SOLE 2064000 0 0 CHINA LIFE INS CO LTD SPONS ADR REP SPON ADR REP H 16939P106 62433 1020655 SH SOLE 1020655 0 0 CHINA UNICOM HONG KONG LTD ADR ISIN SPONSORED ADR 16945R104 29797 2091023 SH SOLE 2091023 0 0 CINCINNATI FINL CORP COM 172062101 331 10453 SH SOLE 10453 0 0 CME GROUP INC COM COM 12572Q105 108425 336985 SH SOLE 336985 0 0 CMS ENERGY CORP COM 125896100 1107 59532 SH SOLE 59532 0 0 CNOOC LTD SPONSORED ADR ISIN SPONSORED ADR 126132109 110825 464929 SH SOLE 464929 0 0 COHEN & STEERS INC COM COM 19247A100 7534 288659 SH SOLE 288659 0 0 COHEN & STEERS QUALITY RLTY COM COM 19247L106 1339 154830 SH SOLE 154830 0 0 COMMERCIAL METALS CO COM 201723103 495 29847 SH SOLE 29847 0 0 CORELOGIC INC COM COM 21871D103 722 38961 SH SOLE 38961 0 0 COVANTA HLDG CORP CONV 1.000% 02/01 DBCV 1.000% 2/22282EAA0 989 1000000 PRN SOLE 1000000 0 0 CSX CORP COM 126408103 1203 18613 SH SOLE 18613 0 0 DELUXE CORP COM 248019101 960 41700 SH SOLE 41700 0 0 DISCOVERY COMMUNICATNS NEW SER A COM SER A 25470F104 12998 311698 SH SOLE 311698 0 0 DISNEY WALT CO DISNEY COM COM DISNEY 254687106 930 24787 SH SOLE 24787 0 0 DR PEPPER SNAPPLE GROUP INC COM 26138E109 480 13661 SH SOLE 13661 0 0 DREAMWORKS ANIMATION SKG INCCL A CL A 26153C103 30512 1035366 SH SOLE 1035366 0 0 DREYFUS MUN INCOME INC COM 26201R102 423 47359 SH SOLE 47359 0 0 DREYFUS STRATEGIC MUNS INC COM 261932107 462 59183 SH SOLE 59183 0 0 DWS MUN INCOME TR COM 23338M106 990 86675 SH SOLE 86675 0 0 EATON VANCE CA MUN BD FD COM 27828A100 425 37785 SH SOLE 37785 0 0 EATON VANCE FLTING RATE INC COM 278279104 1546 96608 SH SOLE 96608 0 0 EATON VANCE LTD DUR INCOME F COM 27828H105 8396 523095 SH SOLE 523095 0 0 EATON VANCE MUN BD FD COM 27827X101 201 17500 SH SOLE 17500 0 0 EATON VANCE MUNI INCOME TRUSSH BEN SH BEN INT 27826U108 779 69955 SH SOLE 69955 0 0 EATON VANCE SH TM DR DIVR INC COM 27828V104 328 19458 SH SOLE 19458 0 0 EATON VANCE SR FLTNG RTE TR COM 27828Q105 3418 210755 SH SOLE 210755 0 0 EATON VANCE SR INCOME TR SH BEN INT SH BEN INT 27826S103 2066 288489 SH SOLE 288489 0 0 EL PASO CORP COM COM 28336L109 4988 362474 SH SOLE 362474 0 0 EMERSON ELEC CO COM 291011104 1202 21026 SH SOLE 21026 0 0 ENCANA CORP COM SHS ISIN COM 292505104 10871 373302 SH SOLE 373302 0 0 ENSTAR GROUP LIMITED SHS SHS G3075P101 1672 19773 SH SOLE 19773 0 0 ENTERPRISE PRODS PARTNERS L COM 293792107 818 19667 SH SOLE 19667 0 0 EQUITY LIFESTYLE PPTYS INC COM COM 29472R108 2883 51542 SH SOLE 51542 0 0 EVERCORE PARTNERS INC CLASS A CLASS A 29977A105 2307 67857 SH SOLE 67857 0 0 EXPEDIA INC DEL COM 30212P105 1417 56492 SH SOLE 56492 0 0 EXXON MOBIL CORP COM 30231G102 15564 212857 SH SOLE 212857 0 0 FIDELITY NATL INFORMATION SVC COM 31620M106 916 33442 SH SOLE 33442 0 0 FIDELITY NATL TITLE GROUP INCL A CL A 31620R105 606 44334 SH SOLE 44334 0 0 FIRST AMERN FINL CORP COM COM 31847R102 589 39396 SH SOLE 39396 0 0 FIRST TR ABERDEEN GLBL OPP FCOM SHS COM SHS 337319107 1934 111422 SH SOLE 111422 0 0 FIRST TR ISE REVERE NAT GAS COM COM 33734J102 433 22000 SH SOLE 22000 0 0 FIRST TR STRATEGIC HIGH INC COM SHS COM SHS 337353106 257 55002 SH SOLE 55002 0 0 FIRST TR/FOUR CRNRS SR FLOAT COM 33733U108 797 57050 SH SOLE 57050 0 0 FIRST TRUST FIDAC MTG INCM F SHS COM SHS 33734E103 279 14368 SH SOLE 14368 0 0 FLOWERS FOODS INC COM COM 343498101 868 32256 SH SOLE 32256 0 0 FOREST CITY ENTERPRISES INC CL A CL A 345550107 148662 8907222 SH SOLE 8907222 0 0 FRANKLIN TEMPLETON LTD DUR I COM 35472T101 345 26370 SH SOLE 26370 0 0 GENERAL ELECTRIC CO COM 369604103 1213 66330 SH SOLE 66330 0 0 GENERAL GROWTH PPTYS INC NEWCOM COM 370023103 50398 3255674 SH SOLE 3255674 0 0 GENON ENERGY COM 37244E107 5567 1461224 SH SOLE 1461224 0 0 GLOBAL INDUS LTD 2.750% 08/01/27 DBCV 2.750% 8/379336AE0 1947 2596000 PRN SOLE 2596000 0 0 GREENHILL & CO INC COM 395259104 1584 19398 SH SOLE 19398 0 0 GREENLIGHT CAPITAL RE LTD CLASS A CLASS A G4095J109 54633 2037772 SH SOLE 2037772 0 0 GRUPO TELEVISA SA DE CV SP ADR REP SP ADR REP ORD 40049J206 95730 3691870 SH SOLE 3691870 0 0 GUGGENHEIM CHINA REAL ESTATE ETF GUGG CHN RL EST18383Q861 9223 462532 SH SOLE 462532 0 0 HARRIS CORP DEL COM 413875105 794 17533 SH SOLE 17533 0 0 HARRY WINSTON DIAMOND CORP COM COM 41587B100 691 59024 SH SOLE 59024 0 0 HEINZ H J CO COM 423074103 1284 25959 SH SOLE 25959 0 0 HELIOS ADVANTAGE INCOME FUND COM NEW 42327W206 868 113431 SH SOLE 113431 0 0 HELIOS HIGH INCOME FUND COM NEW 42327X204 712 98376 SH SOLE 98376 0 0 HELIOS MULTI SECTOR HIGN INCOME FUN COM NEW 42327Y202 440 87557 SH SOLE 87557 0 0 HELIOS STRATEGIC INCOME FUND COM NEW 42328A203 663 124327 SH SOLE 124327 0 0 HONEYWELL INTL INC COM 438516106 744 14000 SH SOLE 14000 0 0 HSN INC COM COM 404303109 811 26476 SH SOLE 26476 0 0 IAC INTERACTIVECORP COM PAR $.001 COM PAR $.001 44919P508 8772 305631 SH SOLE 305631 0 0 ICAHN ENTERPRISES LPDEP UNIT DEPOSITRY UNIT 451100101 37186 1054613 SH SOLE 1054613 0 0 ICICI BK LTD ADR ISIN#US45104G1040 ADR 45104G104 79067 1561346 SH SOLE 1561346 0 0 ICONIX BRAND GROUP INC COM COM 451055107 437 22622 SH SOLE 22622 0 0 IMPERIAL OIL LTD COM COM NEW 453038408 98528 2431596 SH SOLE 2431596 0 0 ING CLARION GLB RE EST INCM COM 44982G104 295 38018 SH SOLE 38018 0 0 ING PRIME RATE TR SH BEN INT SH BEN INT 44977W106 4926 865654 SH SOLE 865654 0 0 INTERCONTINENTAL EXCH ANGE INC COM COM 45865V100 24358 204431 SH SOLE 204431 0 0 INTERPUBLIC GROUP 4.250% 03/15/2023 NOTE 4.250% 3/460690BA7 1298 1165348 PRN SOLE 1165348 0 0 INVESCO INSURED MUNICIPAL INCOME TR COM 46132P108 286 21163 SH SOLE 21163 0 0 INVESCO MUNICIPAL INCOME OPPORTUNIT COM 46133A100 528 77441 SH SOLE 77441 0 0 INVESCO MUNICIPAL INCOME OPPORTUNIT COM 46132X101 395 63891 SH SOLE 63891 0 0 INVESCO MUNICIPAL INCOME OPPORTUNIT COM 46133C106 315 42978 SH SOLE 42978 0 0 INVESCO MUNICIPAL PREMIUM INCOME TR COM 46133E102 294 38812 SH SOLE 38812 0 0 INVESCO QUALITY MUNICIPAL SECURITIE COM 46133J101 246 18752 SH SOLE 18752 0 0 INVESCO VAN KAMPEN DYNAMIC CREDIT O COM 46132R104 1230 100712 SH SOLE 100712 0 0 INVESCO VAN KAMPEN SENIOR INCOME TR COM 46131H107 3820 814398 SH SOLE 814398 0 0 INVESCO VAN KAMPEN TRUST INVESTMENT COM 46131T101 1191 87361 SH SOLE 87361 0 0 ISHARES TR FTSE CHINA 25 IDX FTSE XNHUA IDX 464287184 898 20835 SH SOLE 20835 0 0 ISHARES TR HIGH YLD CORP HIGH YLD CORP 464288513 3939 43628 SH SOLE 43628 0 0 ISHARES TR US TIPS BD FD BARCLYS TIPS BD464287176 16249 151127 SH SOLE 151127 0 0 JARDEN CORP COM 471109108 162823 5274469 SH SOLE 5274469 0 0 JEFFERIES GROUP INC NEW COM 472319102 6467 242847 SH SOLE 242847 0 0 JOHNSON & JOHNSON COM 478160104 1065 17212 SH SOLE 17212 0 0 KKR & CO LP COM UNITS 48248M102 1268 89300 SH SOLE 89300 0 0 KRAFT FOODS INC CL A CL A 50075N104 2803 88952 SH SOLE 88952 0 0 L 3 COMMUNICATIONS CORP CONV 3.000% DEBT 3.000% 8/502413AW7 4010 4000000 PRN SOLE 4000000 0 0 LAS VEGAS SANDS CORP COM 517834107 20654 449495 SH SOLE 449495 0 0 LAZARD LTD SHS A SHS 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COM 538034109 963 84315 SH SOLE 84315 0 0 LMP CORPORATE LN FD INC COM 50208B100 3157 269152 SH SOLE 269152 0 0 LOEWS CORP COM 540424108 125303 3220331 SH SOLE 3220331 0 0 M & T BK CORP COM 55261F104 9922 113982 SH SOLE 113982 0 0 MANAGED DURATION INVT GRD FUND COM COM 56165R103 1713 130676 SH SOLE 130676 0 0 MANTECH INTL CORP CL A CL A 564563104 695 16811 SH SOLE 16811 0 0 MARKEL CORP COM 570535104 5061 13384 SH SOLE 13384 0 0 MARKET VECTORS ETF TR GAMING ETF GAMING ETF 57060U829 101870 3235511 SH SOLE 3235511 0 0 MARKET VECTORS ETF TR HG YLD MUN ET HG YLD MUN ETF 57060U878 596 20892 SH SOLE 20892 0 0 MARKET VECTORS ETF TR MKTVEC INTMUE MKTVEC INTMUETF57060U845 222 10645 SH SOLE 10645 0 0 MARKET VECTORS ETF TR MKTVEC SMUNET MKTVEC SMUNETF 57060U803 2696 157461 SH SOLE 157461 0 0 MARKET VECTORS ETF TR PRE-RF MUN ET PRE-RF MUN ETF 57060U738 577 23299 SH SOLE 23299 0 0 MARSH & MCLENNAN COS INC COM 571748102 1011 36968 SH SOLE 36968 0 0 MASTERCARD INC CL A COM CL A 57636Q104 76108 339601 SH SOLE 339601 0 0 MBIA INC COM 55262C100 341 28400 SH SOLE 28400 0 0 MBIA INC LG-TM JAN 5 OPTION PUT 44J99T023 1 50200 PUT SOLE 50200 0 0 MCDERMOTT INTL INC COM 580037109 324 15658 SH SOLE 15658 0 0 MCGRAW HILL COMPANIES INC COM 580645109 371 10179 SH SOLE 10179 0 0 MEAD JOHNSON NUTRITION CO CL A COM 582839106 1169 18773 SH SOLE 18773 0 0 MEDALLION FINL CORP COM 583928106 908 110728 SH SOLE 110728 0 0 MELCO CROWN ENTMNT LTD ADR ADR 585464100 975 153363 SH SOLE 153363 0 0 MERCK & COMPANY COM 58933Y105 1419 39371 SH SOLE 39371 0 0 MF GLOBAL HOLDINGS LTD COM 55277J108 818 97874 SH SOLE 97874 0 0 MFS HIGH INCOME MUN TR SH BEN INT SH BEN INT 59318D104 527 111878 SH SOLE 111878 0 0 MFS HIGH YIELD MUN TR SH BEN INT SH BEN INT 59318E102 273 63140 SH SOLE 63140 0 0 MFS MUN INCOME TR SH BEN INT SH BEN INT 552738106 366 57106 SH SOLE 57106 0 0 MGM RESORTS INTERNATIONAL COM 552953101 292 19685 SH SOLE 19685 0 0 MICROSOFT COM 594918104 337 12080 SH SOLE 12080 0 0 MIDDLESEX WATER CO COM 596680108 217 11800 SH SOLE 11800 0 0 MONTPELIER RE HOLDINGS LTD SHS ISIN SHS G62185106 235 11771 SH SOLE 11771 0 0 MSCI INC CL A CL A 55354G100 1954 50144 SH SOLE 50144 0 0 NASDAQ - 2.50% 08/15/13 CONVERTIBLE NOTE 2.500% 8/631103AA6 1127911393000 PRN SOLE 1.1E+07 0 0 NASDAQ OMX GROUP INCCOM COM 631103108 68874 2902396 SH SOLE 2902396 0 0 NEUBERGER BERMAN INTER MUNI COM COM 64124P101 1297 92611 SH SOLE 92611 0 0 NEUBERGER BERMAN NY INT MUN COM COM 64124K102 735 54464 SH SOLE 54464 0 0 NOVARTIS AG SPONSORED ADR SPONSORED ADR 66987V109 750 12716 SH SOLE 12716 0 0 NRG ENERGY INC COM NEW COM NEW 629377508 4234 216667 SH SOLE 216667 0 0 NUVEEN CA DIV ADV MUNI FD 3 SH BEN COM SH BEN INT 67070Y109 235 19687 SH SOLE 19687 0 0 NUVEEN CA SELECT QUALITY MUNCOM COM 670975101 255 19550 SH SOLE 19550 0 0 NUVEEN DIV ADV MUNI FD 3 SH BEN INT COM SH BEN INT 67070X101 826 62179 SH SOLE 62179 0 0 NUVEEN DIV ADVANTAGE MUN FD COM 67070F100 467 35138 SH SOLE 35138 0 0 NUVEEN DIVID ADVANTAGE MUN F COM 67066V101 2717 210606 SH SOLE 210606 0 0 NUVEEN FLOATING RATE INCOME COM 67072T108 1016 86014 SH SOLE 86014 0 0 NUVEEN FLTNG RTE INCM OPP FDCOM SHS COM SHS 6706EN100 1780 147390 SH SOLE 147390 0 0 NUVEEN INSD CA PREM INCOME 2 COM 67061U108 217 17154 SH SOLE 17154 0 0 NUVEEN INSD NY PREM INCOME F COM 67101R107 512 37611 SH SOLE 37611 0 0 NUVEEN INSD PREM INCOME MUN COM 6706D8104 309 25967 SH SOLE 25967 0 0 NUVEEN INVT QUALITY MUN FD I COM 67062E103 438 32475 SH SOLE 32475 0 0 NUVEEN MULT CURR ST GV INCM COM COM 67090N109 2145 155794 SH SOLE 155794 0 0 NUVEEN MUN ADVANTAGE FD INC COM 67062H106 630 48149 SH SOLE 48149 0 0 NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 2650 205874 SH SOLE 205874 0 0 NUVEEN NY DIV ADVANTG MUN FD COM 67070A101 270 20610 SH SOLE 20610 0 0 NUVEEN NY DIVID ADVNTG MUN F COM 67066X107 1027 79639 SH SOLE 79639 0 0 NUVEEN NY PERFORM PLUS MUN F COM 67062R104 1395 99799 SH SOLE 99799 0 0 NUVEEN NY QUALITY INCM MUN F COM 670986108 243 17538 SH SOLE 17538 0 0 NUVEEN NY SELECT QUALITY MUN COM 670976109 291 21212 SH SOLE 21212 0 0 NUVEEN PERFORM PLUS MUN FD COM 67062P108 12208 900964 SH SOLE 900964 0 0 NUVEEN PREM INCOME MUN FD COM 67062T100 979 76398 SH SOLE 76398 0 0 NUVEEN PREM INCOME MUN FD 2 COM 67063W102 1598 120731 SH SOLE 120731 0 0 NUVEEN PREM INCOME MUN FD 4.000% 00 COM 6706K4105 1828 152745 SH SOLE 152745 0 0 NUVEEN PREMIER MUN INCOME FD COM 670988104 873 66879 SH SOLE 66879 0 0 NUVEEN QUALITY INCOME MUN FD COM 670977107 676 49435 SH SOLE 49435 0 0 NUVEEN QUALITY PFD INCOME FD COM 67071S101 307 41494 SH SOLE 41494 0 0 NUVEEN SR INCOME FD COM 67067Y104 3388 474486 SH SOLE 474486 0 0 NV ENERGY INC COM SHS ISIN COM 67073Y106 512 36456 SH SOLE 36456 0 0 NYSE EURONEXT COM COM 629491101 84756 2827087 SH SOLE 2827087 0 0 OVERSEAS SHIPHOLDING GROUP I COM 690368105 3251 91790 SH SOLE 91790 0 0 PALL CORP COM 696429307 1980 39943 SH SOLE 39943 0 0 PCM FUND INC COM 69323T101 4629 428612 SH SOLE 428612 0 0 PEABODY ENERGY CORP 4.750% 12/15/41 SDCV 4.750%12/704549AG9 1739 1344000 PRN SOLE 1344000 0 0 PEABODY ENERGY CORP JAN 15 OPTION PUT 97899P138 0 200 PUT SOLE 200 0 0 PENN VA GP HLDGS L P UNIT R LIM COM UNIT R LIM 70788P105 1998 75920 SH SOLE 75920 0 0 PENN VIRGINIA CONV 4.50% 11/15/2012 NOTE 4.500%11/707882AA4 2104 2125000 PRN SOLE 2125000 0 0 PENSKE AUTO GROUP 3.500% 04/01/26 NOTE 3.500% 4/909440AH2 1926 1916000 PRN SOLE 1916000 0 0 PENSKE AUTOMOTIVE GRP INC COM COM 70959W103 645 37003 SH SOLE 37003 0 0 PEPSICO INC COM 713448108 1564 23938 SH SOLE 23938 0 0 PETROCHINA CO LTD SPONS ADR ISIN SPONSORED ADR 71646E100 1742 13246 SH SOLE 13246 0 0 PFIZER INC COM 717081103 280 16013 SH SOLE 16013 0 0 PHILIP MORRIS INTL INC COM COM 718172109 11189 191166 SH SOLE 191166 0 0 PICO HLDGS INC NEW COM NEW 693366205 480 15096 SH SOLE 15096 0 0 PIMCO CORPORATE INCOME FD COM COM 72200U100 678 43760 SH SOLE 43760 0 0 PIMCO CORPORATE OPP FD COM COM 72201B101 670 39477 SH SOLE 39477 0 0 PIMCO INCOME OPPORTUNITY FD COM 72202B100 9368 366063 SH SOLE 366063 0 0 PIMCO 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0 0 QUEST DIAGNOSTICS INC COM 74834L100 665 12325 SH SOLE 12325 0 0 REYNOLDS AMERN INC COM 761713106 442 13564 SH SOLE 13564 0 0 RIO TINTO PLC SPONSORED ADR ISIN SPONSORED ADR 767204100 1287 17960 SH SOLE 17960 0 0 ROCKWELL INTL CORP NEW COM 773903109 861 12001 SH SOLE 12001 0 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 1446 30766 SH SOLE 30766 0 0 ROYAL DUTCH SHELL PLC SPONSORED ADR SPONS ADR A 780259206 2251 33707 SH SOLE 33707 0 0 ROYAL GOLD INC COM COM 780287108 1979 36231 SH SOLE 36231 0 0 SAKS INC 2.000% 03/15/24 NOTE 2.000% 3/79377WAL2 4019 3878000 PRN SOLE 3878000 0 0 SBA COMMUNICATIONS CORP 1.875% 05/0 NOTE 1.875% 5/78388JAN6 1473 1314000 PRN SOLE 1314000 0 0 SCHLUMBERGER COM 806857108 1086 13000 SH SOLE 13000 0 0 SCRIPPS E W CO OHIO CL A CL A NEW 811054402 5149 507306 SH SOLE 507306 0 0 SCRIPPS NETWORKS INTERACT INCL A CL A COM 811065101 6006 116054 SH SOLE 116054 0 0 SEARS HLDGS CORP COM COM 812350106 212200 2877282 SH SOLE 2877282 0 0 SIGMA ALDRICH CORP COM 826552101 4341 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SH SOLE 74100 0 0 TEMPLETON EMERGING MKTS FD I COM 880191101 735 31192 SH SOLE 31192 0 0 TEMPLETON RUS AND EAST EUR FCOM COM 88022F105 715 31242 SH SOLE 31242 0 0 TEXAS PACIFIC LAND TRUST SUB SHARES SUB CTF PROP I 882610108 11174 306296 SH SOLE 306296 0 0 TIME WARNER INC COM NEW COM NEW 887317303 6271 194932 SH SOLE 194932 0 0 U S GLOBAL INVS INC CL A CL A 902952100 1274 156755 SH SOLE 156755 0 0 US GOLD CORPORATION COM PAR $0.10 COM PAR $0.10 912023207 8564 1061221 SH SOLE 1061221 0 0 VALHI INC NEW COM COM 918905100 2148 97170 SH SOLE 97170 0 0 VEECO INSTRS INC DEL COM 922417100 494 11500 SH SOLE 11500 0 0 VIRTUS INVT PARTNERS INC COM COM 92828Q109 11712 258144 SH SOLE 258144 0 0 VORNADO RLTY TR SBI SH BEN INT 929042109 51974 623711 SH SOLE 623711 0 0 WARNER MUSIC GROUP CORP COM 934550104 989 175717 SH SOLE 175717 0 0 WASHINGTON REIT 3.875% 09/15/26 NOTE 3.875% 9/939653AK7 2565 2502000 PRN SOLE 2502000 0 0 WD-40 CO COM 929236107 504 12500 SH SOLE 12500 0 0 WELLS FARGO & CO NEW COM 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