B. Riley Financial
B. Riley Financial, Inc. (Form: 13F-HR, Received: 05/11/2017 16:02:50)

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 OMB APPROVAL
  Washington, D.C. 20549
FORM 13F
OMB Number:   3235-0006
Expires:          July 31, 2015
Estimated average burden
hours per response:       23.8


FORM 13F COVER PAGE


Report for the Calendar Year or Quarter Ended:
03-31-2017
 
Check here if Amendment:      Amendment Number:
 
This Amendment (Check only one.):      is a restatement.
       adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name: B. Riley Financial, Inc. 
Address: 21255 Burbank Blvd. 
  Suite 400 
  Woodland Hills  CA  91367 

Form 13F File Number:   028-17148 


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 form.

Person Signing this Report on Behalf of Reporting Manager:

Name: Michael Markunas 
Title: Chief Compliance Officer 
Phone: 310-689-2220 

Signature, Place, and Date of Signing:

/s/ Michael Markunas  Los Angeles,  CALIFORNIA 05-11-2017 
[Signature] [City, State] [Date]

Do you wish to provide information pursuant to Special Instruction 5?          Yes      X  No

Report Type (Check only one.):

X  13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)

      13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)

      13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
Form 13F Information table Entry Total: 160 
Form 13F Information table Value Total: 199,128 
  (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F number(s) of all institutional investement managers with respect to which this report is filed, other than the manager filing this report.

   No. Form 13F File Number Name CIK
028-17147  B. RILEY CAPITAL MANAGEMENT, LLC  0001658704 

FORM 13F INFORMATION TABLE

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE
(x$1000)
SHRS OR
PRN AMT
SH /
PRN
PUT /
CALL
INVESTMENT
DISCRETION
OTHER
MANAGER
VOTING AUTHORITY
SOLE SHARED NONE
AETNA INC NEW COM 00817Y108 765 6,000 SH - DFND 1 0 6,000 0
ALPS ETF TR ALERIAN MLP 00162Q866 194 15,288 SH - DFND 1 0 15,288 0
AMC ENTMT HLDGS INC CL A COM 00165C104 523 16,621 SH - DFND 1 0 16,621 0
APOLLO INVT CORP COM 03761U106 316 48,206 SH - DFND 1 0 48,206 0
APOLLO SR FLOATING RATE FD I COM 037636107 737 42,018 SH - DFND 1 0 42,018 0
APOLLO TACTICAL INCOME FD IN COM 037638103 389 23,648 SH - DFND 1 0 23,648 0
APPLE INC COM 037833100 1,439 10,016 SH - DFND 1 0 10,016 0
ARES CAP CORP COM 04010L103 1,344 77,303 SH - DFND 1 0 77,303 0
ARES DYNAMIC CR ALLOCATION F COM 04014F102 224 13,989 SH - DFND 1 0 13,989 0
ATLANTIC ALLIANCE PARTNER CO SHS G04897107 1,224 122,381 SH - DFND 1 0 122,381 0
AVISTA HEALTHCARE PUB ACQ CO CL A G0726L125 985 100,000 SH - DFND 1 0 100,000 0
BAZAARVOICE INC COM 073271108 527 122,532 SH - DFND 1 0 122,532 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 250 1 SH - DFND 1 0 1 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 467 2,800 SH - DFND 1 0 2,800 0
BLACKROCK CAPITAL INVESTMENT COM 092533108 350 46,412 SH - DFND 1 0 46,412 0
BLACKSTONE GSO FLTING RTE FU COM 09256U105 181 10,000 SH - DFND 1 0 10,000 0
BOULEVARD ACQUISITION CL A 10157Q102 2,776 277,048 SH - DFND 1 0 277,048 0
BROADWIND ENERGY INC COM NEW 11161T207 1,113 133,622 SH - DFND 1 0 133,622 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 230 10,345 SH - DFND 1 0 10,345 0
BROOKFIELD REAL ASSETS INCOM SHS BEN INT 112830104 287 12,579 SH - DFND 1 0 12,579 0
BRT RLTY TR SH BEN INT NEW 055645303 53 49,089 SH - DFND 1 0 49,089 0
CADIZ INC COM NEW 127537207 1,839 122,213 SH - DFND 1 0 122,213 0
CADIZ INC COM NEW 127537207 469 31,142 SH - DFND - 0 31,142 0
CALAMP CORP COM 128126109 487 28,977 SH - DFND 1 0 28,977 0
CAPITOL ACQUISITION CORP III COM 14055M106 2,510 237,950 SH - DFND 1 0 237,950 0
CARBONITE INC COM 141337105 541 26,640 SH - DFND 1 0 26,640 0
CF CORP SHS CL A G20307107 2,244 224,168 SH - DFND 1 0 224,168 0
COHEN & STEERS LTD DUR PFD I COM 19248C105 681 26,846 SH - DFND 1 0 26,846 0
COMSTOCK RES INC NOTE 7.750% 4/0 205768AM6 194 229,000 PRN - DFND - 0 229,000 0
DICKS SPORTING GOODS INC COM 253393102 526 10,804 SH - DFND 1 0 10,804 0
DIGITAL TURBINE INC COM NEW 25400W102 1,430 1,521,086 SH - DFND 1 0 1,521,086 0
DIGITAL TURBINE INC COM NEW 25400W102 431 458,027 SH - DFND - 0 458,027 0
DISNEY WALT CO COM DISNEY 254687106 282 2,490 SH - DFND 1 0 2,490 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 1,717 85,546 SH - DFND 1 0 85,546 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 248 12,590 SH - DFND 1 0 12,590 0
FACEBOOK INC CL A 30303M102 489 3,444 SH - DFND 1 0 3,444 0
FERROGLOBE PLC SHS G33856108 3,512 340,000 SH - DFND 1 0 340,000 0
FINISAR CORP COM NEW 31787A507 480 17,571 SH - DFND 1 0 17,571 0
FINTECH ACQUISITION CORP II COM 31810G109 985 100,000 SH - DFND 1 0 100,000 0
FINTECH ACQUISITION CORP II *W EXP 01/19/202 31810G117 58 50,000 SH - DFND 1 0 50,000 0
GARRISON CAP INC COM 366554103 718 73,434 SH - DFND 1 0 73,434 0
GOLDMAN SACHS MLP INC OPP FD COM SHS 38147W103 825 77,344 SH - DFND 1 0 77,344 0
GORES HLDGS II INC COM CL A 382867109 1,500 150,000 SH - DFND 1 0 150,000 0
GORES HLDGS II INC *W EXP 03/06/202 382867117 63 50,000 SH - DFND 1 0 50,000 0
GTY TECHNOLOGY HOLDINGS INC CL A G4182A102 2,511 250,099 SH - DFND 1 0 250,099 0
GTY TECHNOLOGY HOLDINGS INC *W EXP 99/99/999 G4182A128 65 58,333 SH - DFND 1 0 58,333 0
HC2 HLDGS INC COM 404139107 3,983 642,348 SH - DFND 1 0 642,348 0
HC2 HLDGS INC COM 404139107 157 25,302 SH - DFND - 0 25,302 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 1,323 55,812 SH - DFND 1 0 55,812 0
HORNBECK OFFSHORE SVCS INC N NOTE 1.500% 9/0 440543AN6 13 20,000 PRN - DFND - 0 20,000 0
HP INC COM 40434L105 2,406 134,548 SH - DFND 1 0 134,548 0
IMAX CORP COM 45245E109 505 14,850 SH - DFND 1 0 14,850 0
ISHARES MSCI BRZ CAP ETF 464286400 305 8,130 SH - DFND 1 0 8,130 0
ISHARES MIN VOL GBL ETF 464286525 1,101 14,269 SH - DFND 1 0 14,269 0
ISHARES TR SELECT DIVID ETF 464287168 1,013 11,118 SH - DFND 1 0 11,118 0
ISHARES TR GLOB TELECOM ETF 464287275 13,748 100,000 SH Put DFND 1 0 100,000 0
ISHARES TR LATN AMER 40 ETF 464287390 208 6,562 SH - DFND 1 0 6,562 0
ISHARES TR 1-3 YR CR BD ETF 464288646 1,127 10,708 SH - DFND 1 0 10,708 0
ISHARES TR MSCI EMG MKT ETF 464287234 346 8,786 SH - DFND 1 0 8,786 0
ISHARES TR IBOXX INV CP ETF 464287242 1,247 10,572 SH - DFND 1 0 10,572 0
ISHARES TR MSCI EAFE ETF 464287465 1,337 21,458 SH - DFND 1 0 21,458 0
ISHARES TR RUS MID-CAP ETF 464287499 2,993 15,987 SH - DFND 1 0 15,987 0
ISHARES TR CORE S&P MCP ETF 464287507 448 2,616 SH - DFND 1 0 2,616 0
ISHARES TR NASDQ BIOTEC ETF 464287556 620 2,114 SH - DFND 1 0 2,114 0
ISHARES TR RUS 1000 GRW ETF 464287614 234 2,053 SH - DFND 1 0 2,053 0
ISHARES TR RUS 2000 GRW ETF 464287648 391 2,416 SH - DFND 1 0 2,416 0
ISHARES TR MSCI ACWI EX US 464288240 439 10,063 SH - DFND 1 0 10,063 0
ISHARES TR JP MOR EM MK ETF 464288281 1,112 9,779 SH - DFND 1 0 9,779 0
ISHARES TR NEW YORK MUN ETF 464288323 1,413 12,828 SH - DFND 1 0 12,828 0
ISHARES TR NATIONAL MUN ETF 464288414 929 8,529 SH - DFND 1 0 8,529 0
ISHARES TR INTL SEL DIV ETF 464288448 1,725 54,842 SH - DFND 1 0 54,842 0
ISHARES TR GLOBAL MATER ETF 464288695 323 5,448 SH - DFND 1 0 5,448 0
ISHARES TR FLTG RATE BD ETF 46429B655 2,713 53,335 SH - DFND 1 0 53,335 0
ISHARES TR MIN VOL EAFE ETF 46429B689 582 8,819 SH - DFND 1 0 8,819 0
ISHARES TR MIN VOL USA ETF 46429B697 1,015 21,269 SH - DFND 1 0 21,269 0
ISHARES TR CORE MSCI EAFE 46432F842 595 10,275 SH - DFND 1 0 10,275 0
KAYNE ANDERSON ACQUISITION UNIT 06/30/2022 48661U201 2,004 200,000 SH - DFND 1 0 200,000 0
KEMET CORP COM NEW 488360207 6,118 509,830 SH - DFND 1 0 509,830 0
KEMET CORP COM NEW 488360207 192 16,028 SH - DFND - 0 16,028 0
KRATOS DEFENSE & SEC SOLUTIONS COM NEW 50077B207 1,915 246,177 SH - DFND 1 0 246,177 0
KRATOS DEFENSE & SEC SOLUTIONS COM NEW 50077B207 389 50,000 SH - DFND - 0 50,000 0
LADENBURG THALMAN FIN SVCS I COM 50575Q102 6 81,050 SH - DFND 1 0 81,050 0
LINDBLAD EXPEDITIONS HLDGS I COM 535219109 171 19,100 SH - DFND 1 0 19,100 0
LUMENTUM HLDGS INC COM 55024U109 501 9,389 SH - DFND 1 0 9,389 0
M I ACQUISITIONS INC COM 55304A104 215 21,500 SH - DFND 1 0 21,500 0
MADDEN STEVEN LTD COM 556269108 495 12,853 SH - DFND 1 0 12,853 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 482 31,593 SH - DFND 1 0 31,593 0
MATLIN & PARTNERS ACQUISITIO UNIT 05/28/2021A 57682V205 1,002 100,000 SH - DFND 1 0 100,000 0
MATTEL INC COM 577081102 492 19,213 SH - DFND 1 0 19,213 0
MCBC HLDGS INC COM 55276F107 7,688 475,425 SH - DFND 1 0 475,425 0
MCBC HLDGS INC COM 55276F107 1,382 85,463 SH - DFND - 0 85,463 0
MICROSOFT CORP COM 594918104 2,391 36,311 SH - DFND 1 0 36,311 0
MOTORCAR PTS AMER INC COM 620071100 574 18,663 SH - DFND 1 0 18,663 0
NETLIST INC COM 64118P109 771 779,000 SH - DFND 1 0 779,000 0
NETLIST INC COM 64118P109 165 166,638 SH - DFND - 0 166,638 0
NETSCOUT SYS INC COM 64115T104 497 13,094 SH - DFND 1 0 13,094 0
NEW MTN FIN CORP COM 647551100 447 30,000 SH - DFND 1 0 30,000 0
NOVAVAX INC COM 670002104 13 10,500 SH - DFND 1 0 10,500 0
NUMEREX CORP PA CL A 67053A102 72 15,000 SH - DFND - 0 15,000 0
NUTRI SYS INC NEW COM 67069D108 503 9,061 SH - DFND 1 0 9,061 0
NUVEEN BUILD AMER BD FD COM 67074C103 536 25,623 SH - DFND 1 0 25,623 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 239 9,633 SH - DFND 1 0 9,633 0
ON SEMICONDUCTOR CORP COM 682189105 725 46,829 SH - DFND 1 0 46,829 0
ONE LIBERTY PPTYS INC COM 682406103 113 15,173 SH - DFND 1 0 15,173 0
OOMA INC COM 683416101 520 52,242 SH - DFND 1 0 52,242 0
PENNANTPARK FLOATING RATE CA COM 70806A106 2,558 183,503 SH - DFND 1 0 183,503 0
PENNANTPARK INVT CORP COM 708062104 2,788 342,555 SH - DFND 1 0 342,555 0
PFIZER INC COM 717081103 225 6,586 SH - DFND 1 0 6,586 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 6,527 64,214 SH - DFND 1 0 64,214 0
PIMCO ETF TR LOW DURTN AC ETF 72201R718 1,001 9,929 SH - DFND 1 0 9,929 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 781 60,000 SH - DFND 1 0 60,000 0
POWERSHARES ETF TR II PFD PORTFOLIO 73936T565 487 32,842 SH - DFND 1 0 32,842 0
POWERSHARES ETF TRUST DYN BIOT & GEN 73935X856 258 6,102 SH - DFND 1 0 6,102 0
POWERSHARES ETF TRUST II CEF INC COMPST 73936Q843 204 8,830 SH - DFND 1 0 8,830 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,073 8,108 SH - DFND 1 0 8,108 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 19,857 150,000 SH Put DFND 1 0 150,000 0
PRESTIGE BRANDS HLDGS INC COM 74112D101 490 8,821 SH - DFND 1 0 8,821 0
PRIMO WTR CORP COM 74165N105 482 35,468 SH - DFND 1 0 35,468 0
PROVIDENT FINL SVCS INC COM 74386T105 323 12,500 SH - DFND 1 0 12,500 0
READING INTERNATIONAL INC CL A 755408101 470 30,213 SH - DFND 1 0 30,213 0
RENT A CTR INC NEW COM 76009N100 200 22,500 SH - DFND - 0 22,500 0
S&W SEED CO COM 785135104 480 96,933 SH - DFND 1 0 96,933 0
SCHLUMBERGER LTD COM 806857108 232 2,969 SH - DFND 1 0 2,969 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 303 3,440 SH - DFND 1 0 3,440 0
SILVER RUN ACQUISITION UNIT 99/99/9999 82812A202 522 50,000 SH - DFND 1 0 50,000 0
SKYWORKS SOLUTIONS INC COM 83088M102 495 5,047 SH - DFND 1 0 5,047 0
SOLAR CAP LTD COM 83413U100 215 9,530 SH - DFND 1 0 9,530 0
SOLAR SR CAP LTD COM 83416M105 5,047 280,706 SH - DFND 1 0 280,706 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 554 2,686 SH - DFND 1 0 2,686 0
SPDR INDEX SHS FDS GLB NAT RESRCE 78463X541 844 19,839 SH - DFND 1 0 19,839 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,692 7,177 SH - DFND 1 0 7,177 0
SPLUNK INC COM 848637104 472 7,579 SH - DFND 1 0 7,579 0
SUPERIOR INDS INTL INC COM 868168105 554 21,839 SH - DFND 1 0 21,839 0
TELENAV INC COM 879455103 1,194 138,052 SH - DFND 1 0 138,052 0
TELENAV INC COM 879455103 0 20 SH - DFND - 0 20 0
TEMPUR SEALY INTL INC COM 88023U101 929 20,000 SH - DFND 1 0 20,000 0
THESTREET INC COM 88368Q103 546 718,756 SH - DFND - 0 718,756 0
THL CR INC COM 872438106 301 30,200 SH - DFND 1 0 30,200 0
TORTOISE MLP FD INC COM 89148B101 959 46,160 SH - DFND 1 0 46,160 0
TRANSACT TECHNOLOGIES INC COM 892918103 481 59,437 SH - DFND 1 0 59,437 0
TRUECAR INC COM 89785L107 509 32,875 SH - DFND 1 0 32,875 0
URBAN EDGE PPTYS COM 91704F104 400 15,215 SH - DFND 1 0 15,215 0
VANGUARD INDEX FDS MID CAP ETF 922908629 3,229 23,191 SH - DFND 1 0 23,191 0
VANGUARD INDEX FDS LARGE CAP ETF 922908637 7,860 72,717 SH - DFND 1 0 72,717 0
VANGUARD INDEX FDS GROWTH ETF 922908736 314 2,578 SH - DFND 1 0 2,578 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 1,903 15,683 SH - DFND 1 0 15,683 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 324 6,784 SH - DFND 1 0 6,784 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 2,087 52,553 SH - DFND 1 0 52,553 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 585 9,245 SH - DFND 1 0 9,245 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 355 6,889 SH - DFND 1 0 6,889 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2,727 55,129 SH - DFND 1 0 55,129 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 3,354 42,059 SH - DFND 1 0 42,059 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 661 7,347 SH - DFND 1 0 7,347 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 2,965 34,324 SH - DFND 1 0 34,324 0
VANGUARD SPECIALIZED PORTFOLIO DIV APP ETF 921908844 1,456 16,183 SH - DFND 1 0 16,183 0
VANGUARD STAR FD VG TL INTL STK F 921909768 304 6,121 SH - DFND 1 0 6,121 0
VIASAT INC COM 92552V100 491 7,692 SH - DFND 1 0 7,692 0
WEST MARINE INC COM 954235107 544 57,074 SH - DFND 1 0 57,074 0
WISDOMTREE TR GLB US QTLY DIV 97717W844 613 12,222 SH - DFND 1 0 12,222 0
XCERRA CORP COM 98400J108 761 85,600 SH - DFND 1 0 85,600 0