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
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,609 56,450 SH   SOLE   25,000 0 31,450
CORE LABORATORIES N V COM N22717107 2,280 20,300 SH   SOLE   10,100 0 10,200
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 2,904 36,000 SH   SOLE   18,000 0 18,000
SCHLUMBERGER LTD COM 806857108 3,627 46,124 SH   SOLE   19,902 0 26,222
3M CO COM 88579y101 264 1,500 SH   SOLE   0 0 1,500
ABBOTT LABS COM 002824100 778 18,405 SH   SOLE   0 0 18,405
ABBVIE INC COM 00287y109 1,167 18,500 SH   SOLE   0 0 18,500
ALLERGAN PLC SHS g0177j108 1,496 6,495 SH   SOLE   0 0 6,495
ALPHABET INC CAP STK CL C 02079k107 1,398 1,799 SH   SOLE   0 0 1,799
AMAZON COM INC COM 023135106 1,515 1,809 SH   SOLE   0 0 1,809
AMERICAN MIDSTREAM PARTNERS COM UNITS 02752P100 4,914 326,965 SH   SOLE   118,000 0 208,965
AMERICAN WTR WKS CO INC NEW COM 030420103 524 7,000 SH   SOLE   3,500 0 3,500
ANADARKO PETE CORP COM 032511107 3,349 52,850 SH   SOLE   26,300 0 26,550
APPLE INC COM 037833100 2,033 17,981 SH   SOLE   0 0 17,981
ASB BANCORP INC N C COM 00213T109 891 33,956 SH   DFND   33,956 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 461 30,774 SH   DFND   30,774 0 0
ATLANTIC COAST FINL CORP COM 048426100 1,001 158,121 SH   DFND   158,121 0 0
BAKER HUGHES INC COM 057224107 2,069 41,000 SH   SOLE   20,500 0 20,500
BNC BANCORP COM 05566t101 768 31,580 SH   SOLE   0 0 31,580
BNC BANCORP COM 05566t101 1,970 81,018 SH   DFND   81,018 0 0
BOEING CO COM 097023105 1,536 10,296 SH   SOLE   0 0 10,296
BOSTON PRIVATE FINL HLDGS IN COM 101119105 270 21,035 SH   DFND   21,035 0 0
BSB BANCORP INC MD COM 05573H108 478 20,417 SH   DFND   20,417 0 0
CALPINE CORP COM NEW 131347304 4,403 353,180 SH   SOLE   125,600 0 227,580
CAROLINA FINL CORP NEW COM 143873107 312 13,949 SH   DFND   13,949 0 0
CASCADIAN THERAPEUTICS INC COM 14740b101 18 11,000 SH   SOLE   0 0 11,000
CHEESECAKE FACTORY INC COM 163072101 253 5,062 SH   SOLE   0 0 5,062
CHENIERE ENERGY INC COM NEW 16411R208 3,956 90,725 SH   SOLE   45,200 0 45,525
CHINACACHE INTL HLDG LTD SPON ADR 16950m107 405 105,083 SH   SOLE   0 0 105,083
COCA COLA CO COM 191216100 344 8,125 SH   SOLE   0 0 8,125
COLGATE PALMOLIVE CO COM 194162103 2,730 36,820 SH   SOLE   0 0 36,820
CONSOLIDATED WATER CO INC ORD g23773107 267 23,000 SH   SOLE   11,500 0 11,500
COVANTA HLDG CORP COM 22282E102 2,727 177,100 SH   SOLE   82,200 0 94,900
CSX CORP COM 126408103 799 26,200 SH   SOLE   0 0 26,200
CUMMINS INC COM 231021106 693 5,405 SH   SOLE   1,000 0 4,405
CVS HEALTH CORP COM 126650100 1,482 17,030 SH   SOLE   0 0 17,030
DCP MIDSTREAM PARTNERS LP COM UT LTD PTN 23311p100 749 21,190 SH   SOLE   0 0 21,190
DOMINION RES INC VA NEW COM 25746u109 1,485 20,000 SH   SOLE   0 0 20,000
DOW CHEM CO COM 260543103 4,613 89,005 SH   SOLE   28,910 0 60,095
DYNEGY INC NEW DEL COM 26817R108 1,227 99,000 SH   SOLE   49,500 0 49,500
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 10,909 630,958 SH   SOLE   36,320 0 594,638
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273r109 514 13,890 SH   SOLE   0 0 13,890
ENLINK MIDSTREAM LLC COM UNIT REP LTD 29336T100 389 20,400 SH   SOLE   0 0 20,400
ENTERPRISE PRODS PARTNERS L COM 293792107 4,728 171,553 SH   SOLE   45,000 0 126,553
EQT CORP COM 26884L109 3,216 44,280 SH   SOLE   22,000 0 22,280
EQUITY BANCSHARES INC COM CL A 29460X109 456 17,572 SH   DFND   17,572 0 0
EVERSOURCE ENERGY COM 30040w108 263 4,850 SH   SOLE   0 0 4,850
FANG HLDGS LTD ADR 30711y102 45 10,000 SH   SOLE   0 0 10,000
FB FINL CORP COM 30257X104 758 37,561 SH   DFND   37,561 0 0
FIRST CMNTY CORP S C COM 319835104 843 53,533 SH   DFND   53,533 0 0
FIRST FNDTN INC COM 32026V104 433 17,545 SH   DFND   17,545 0 0
FSB BANCORP INC COM 30289C102 205 16,369 SH   DFND   16,369 0 0
GENERAL ELECTRIC CO COM 369604103 1,705 57,555 SH   SOLE   6,130 0 51,425
GENESIS ENERGY L P UNIT LTD PARTN 371927104 7,114 191,300 SH   SOLE   43,000 0 148,300
HALLIBURTON CO COM 406216101 5,175 114,122 SH   SOLE   50,500 0 63,622
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 1,226 150,815 SH   SOLE   75,000 0 75,815
HEXCEL CORP NEW COM 428291108 20,086 162,166 SH   SOLE   57,000 0 105,166
HOME DEPOT INC COM 437076102 2,132 16,572 SH   SOLE   0 0 16,572
HOMETRUST BANCSHARES INC COM 437872104 786 42,467 SH   SOLE   0 0 42,467
HONEYWELL INTL INC COM 438516106 3,881 33,285 SH   SOLE   9,730 0 23,555
INTERNATIONAL BUSINESS MACHS COM 459200101 785 4,940 SH   SOLE   0 0 4,940
ILLUMINA INC COM 452327109 2,566 16,067 SH   SOLE   0 0 16,067
IMAX CORP COM 45245e109 304 10,500 SH   SOLE   0 0 10,500
INTEL CORP COM 458140100 654 17,550 SH   SOLE   0 0 17,550
INTERCONTINENTAL EXCHANGE IN COM 45866f104 527 1,958 SH   SOLE   0 0 1,958
ISHARES TR GLOB HLTHCRE ETF 464287325 379 3,765 SH   SOLE   0 0 3,765
ITC HLDGS CORP COM 465685105 272 5,850 SH   SOLE   0 0 5,850
JOHNSON & JOHNSON COM 478160104 363 3,075 SH   SOLE   0 0 3,075
JPMORGAN CHASE & CO COM 46625h100 808 12,135 SH   SOLE   0 0 12,135
KANSAS CITY SOUTHERN COM NEW 485170302 1,194 12,800 SH   SOLE   6,400 0 6,400
KIRBY CORP COM 497266106 1,492 24,000 SH   SOLE   12,000 0 12,000
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 2,670 37,739 SH   SOLE   0 0 37,739
MASTEC INC COM 576323109 1,099 31,180 SH   SOLE   5,000 0 26,180
MEDTRONIC PLC SHS g5960l103 1,908 22,089 SH   SOLE   0 0 22,089
METLIFE INC COM 59156r108 485 10,900 SH   SOLE   0 0 10,900
MICROSOFT CORP COM 594918104 609 10,580 SH   SOLE   0 0 10,580
MPLX LP COM UNIT REP LTD 55336V100 4,984 147,266 SH   SOLE   42,500 0 104,766
NABORS INDUSTRIES LTD SHS g6359f103 1,824 150,000 SH   SOLE   75,000 0 75,000
NEXTERA ENERGY INC COM 65339F101 4,855 39,695 SH   SOLE   16,800 0 22,895
NGL ENERGY PARTNERS LP COM UNIT REPST 62913M107 3,534 183,726 SH   SOLE   55,000 0 128,726
NISOURCE INC COM 65473p105 304 12,600 SH   SOLE   0 0 12,600
NOAH HLDGS LTD SPON ADS CL A 65487x102 209 8,000 SH   SOLE   0 0 8,000
NUSTAR GP HOLDINGS LLC UNIT RESTG LLC 67059l102 324 12,658 SH   SOLE   0 0 12,658
OASIS PETE INC NEW COM 674215108 2,753 240,000 SH   SOLE   120,000 0 120,000
ONEOK INC NEW COM 682680103 3,739 72,753 SH   SOLE   28,000 0 44,753
PARAGON COML CORP COM NEW 69911U403 268 7,400 SH   DFND   7,400 0 0
PARK STERLING CORP COM 70086Y105 261 32,116 SH   DFND   32,116 0 0
PATTERSON UTI ENERGY INC COM 703481101 1,700 76,000 SH   SOLE   38,000 0 38,000
PBF LOGISTICS LP UNIT LTD PTNR 69318Q104 1,301 65,655 SH   SOLE   20,000 0 45,655
PHILLIPS 66 COM 718546104 4,672 58,010 SH   SOLE   19,510 0 38,500
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 396 8,140 SH   SOLE   0 0 8,140
PIONEER NAT RES CO COM 723787107 2,244 12,085 SH   SOLE   6,000 0 6,085
PRIMERICA INC COM 74164m108 212 4,000 SH   SOLE   0 0 4,000
PROCTER AND GAMBLE CO COM 742718109 893 9,955 SH   SOLE   0 0 9,955
RICE ENERGY INC COM 762760106 3,068 117,500 SH   SOLE   58,500 0 59,000
RPC INC COM 749660106 1,357 80,750 SH   SOLE   40,000 0 40,750
SEACOAST BKG CORP FLA COM NEW 811707801 315 19,608 SH   DFND   19,608 0 0
SELECT BANCORP INC NEW COM 81617L108 335 41,927 SH   DFND   41,927 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 784 16,000 SH   SOLE   8,000 0 8,000
SEMGROUP CORP CL A 81663A105 6,559 184,559 SH   SOLE   79,292 0 105,267
SEMPRA ENERGY COM 816851109 462 4,310 SH   SOLE   0 0 4,310
SHORE BANCSHARES INC COM 825107105 751 63,750 SH   DFND   63,750 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 868 31,465 SH   DFND   31,465 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 926 70,972 SH   DFND   70,972 0 0
SPDR GOLD TRUST GOLD SHS 78463v107 314 2,500 SH   SOLE   0 0 2,500
SPECTRA ENERGY CORP COM 847560109 669 15,640 SH   SOLE   0 0 15,640
STATE BK FINL CORP COM 856190103 284 12,437 SH   DFND   12,437 0 0
SUMMIT MIDSTREAM PARTNERS LP COM UNIT LTD 866142102 4,509 194,360 SH   SOLE   62,500 0 132,130
SUNOCO LOGISTICS PRTNRS L P COM UNITS 86764L108 3,461 121,840 SH   SOLE   45,000 0 76,840
SUNOCO LP COM U REP LP 86765K109 5,646 199,125 SH   SOLE   49,500 0 149,625
TC PIPELINES LP UT COM LTD PRT 87233q108 482 8,450 SH   SOLE   0 0 8,450
TARGA RES CORP COM 87612G101 7,435 150,489 SH   SOLE   48,120 0 102,369
TARGET CORP COM 87612e106 1,034 15,055 SH   SOLE   0 0 15,055
TARO PHARMACEUTICAL INDS LTD SHS m8737e108 235 2,130 SH   SOLE   0 0 2,130
TESORO LOGISTICS LP COM UNIT LP 88160T107 2,363 48,793 SH   SOLE   10,000 0 38,793
TRIUMPH BANCORP INC COM 89679E300 1,149 57,917 SH   DFND   57,917 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,442 14,185 SH   SOLE   2,590 0 11,595
UNITY BANCORP INC COM 913290102 1,145 89,317 SH   DFND   89,317 0 0
VERIZON COMMUNICATIONS INC COM 92343v104 456 8,765 SH   SOLE   0 0 8,765
VORNADO RLTY TR SH BEN INT 929042109 262 2,588 SH   SOLE   0 0 2,588
DISNEY WALT CO COM DISNEY 254687106 1,133 12,205 SH   SOLE   0 0 12,205
WASHINGTONFIRST BANKSHARES I COM 940730104 483 19,607 SH   DFND   19,607 0 0
WELLS FARGO & CO NEW COM 949746101 950 21,450 SH   SOLE   0 0 21,450
WESTERN GAS EQUITY PARTNERS COMUNT LTD PT 95825R103 5,535 130,275 SH   SOLE   50,000 0 80,275
WESTLAKE CHEM CORP COM 960413102 1,391 26,000 SH   SOLE   26,000 0 0
WILLIAMS COS INC DEL COM 969457100 12,585 408,147 SH   SOLE   15,335 0 392,812
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 96949L105 806 21,657 SH   SOLE   5,000 0 16,657
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 325 5,900 SH   SOLE   0 0 5,900
YADKIN FINL CORP COM 984305102 1,022 38,860 SH   SOLE   0 0 38,860
YADKIN FINL CORP COM 984305102 823 31,304 SH   DFND   31,304 0 0