Private Wealth Partners, LLC Activity Q2 2005-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$115,284,088	-12.5%	673,349	-0.9%	11.02%	-9.0%
MSFT	Sell	MICROSOFT CORP	$91,480,843	-8.2%	289,726	-1.0%	8.75%	-4.6%
GOOGL	Sell	ALPHABET INCcap stk cl a	$58,370,234	+7.6%	446,051	-1.6%	5.58%	+11.9%
V	Sell	VISA INC	$49,089,315	-4.2%	213,423	-1.0%	4.69%	-0.3%
AMZN	Sell	AMAZON COM INC	$47,314,064	-3.6%	372,200	-1.1%	4.52%	+0.3%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$42,678,291	-2.1%	84,316	+0.9%	4.08%	+1.8%
MRK	Sell	MERCK & CO INC	$35,702,106	-11.2%	346,791	-0.4%	3.41%	-7.6%
NVDA	Sell	NVIDIA CORPORATION	$35,376,203	+1.9%	81,326	-0.9%	3.38%	+6.0%
JPM	Buy	JPMORGAN CHASE & CO	$34,434,480	-0.2%	237,446	+0.1%	3.29%	+3.8%
ADBE	Sell	ADOBE INC	$31,595,954	+3.5%	61,965	-0.7%	3.02%	+7.7%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$29,969,566	+0.7%	85,554	-1.9%	2.86%	+4.8%
GOOG	Sell	ALPHABET INCcap stk cl c	$29,641,462	+8.0%	224,812	-0.9%	2.83%	+12.3%
CVX	Buy	CHEVRON CORP NEW	$26,853,747	+7.9%	159,256	+0.7%	2.57%	+12.2%
DHR	Buy	DANAHER CORPORATION	$25,539,995	+3.7%	102,942	+0.3%	2.44%	+7.8%
ABBV	Sell	ABBVIE INC	$23,460,166	+8.2%	157,387	-2.2%	2.24%	+12.5%
MCK	Sell	MCKESSON CORP	$22,664,382	-0.9%	52,120	-2.6%	2.17%	+3.1%
ZTS	Sell	ZOETIS INCcl a	$21,986,924	+0.2%	126,376	-0.8%	2.10%	+4.2%
COST	Sell	COSTCO WHSL CORP NEW	$21,932,508	+4.4%	38,821	-0.5%	2.10%	+8.6%
GS	Buy	GOLDMAN SACHS GROUP INC	$21,607,466	+0.4%	66,778	+0.1%	2.07%	+4.4%
PFE	Sell	PFIZER INC	$15,556,863	-11.8%	469,004	-2.5%	1.49%	-8.3%
HD	Sell	HOME DEPOT INC	$13,751,419	-4.8%	45,510	-2.1%	1.32%	-1.0%
HON	Buy	HONEYWELL INTL INC	$13,317,352	+5.3%	72,087	+18.3%	1.27%	+9.6%
QCOM	Sell	QUALCOMM INC	$12,746,423	-9.2%	114,771	-2.7%	1.22%	-5.5%
QQQ	Sell	INVESCO QQQ TRunit ser 1	$12,455,064	-3.1%	34,764	-0.1%	1.19%	+0.8%
BSX	Sell	BOSTON SCIENTIFIC CORP	$12,343,531	-3.5%	233,779	-1.1%	1.18%	+0.3%
AMD	Buy	ADVANCED MICRO DEVICES INC	$11,693,924	-7.2%	113,732	+2.9%	1.12%	-3.5%
JNJ	Sell	JOHNSON & JOHNSON	$10,653,300	-6.4%	68,400	-0.5%	1.02%	-2.7%
SYK	Buy	STRYKER CORPORATION	$9,449,416	-10.4%	34,579	+0.0%	0.90%	-6.9%
KKR	Sell	KKR & CO INC	$8,994,524	+8.1%	146,015	-1.7%	0.86%	+12.4%
BX	Sell	BLACKSTONE INC	$8,284,124	+15.0%	77,321	-0.2%	0.79%	+19.6%
FCX	Buy	FREEPORT-MCMORAN INCcl b	$7,140,819	+2.1%	191,494	+9.5%	0.68%	+6.2%
PEP	Buy	PEPSICO INC	$6,746,874	-6.6%	39,819	+2.1%	0.64%	-2.9%
ADI	Buy	ANALOG DEVICES INC	$4,904,096	-9.7%	28,009	+0.5%	0.47%	-6.0%
PG	Buy	PROCTER AND GAMBLE CO	$4,864,723	-3.3%	33,352	+0.6%	0.46%	+0.6%
MS	Buy	MORGAN STANLEY	$4,843,113	+1.1%	59,301	+5.7%	0.46%	+5.2%
MCD	Sell	MCDONALDS CORP	$4,068,567	-16.2%	15,444	-5.0%	0.39%	-12.8%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$3,922,279	-4.7%	18,466	-1.2%	0.38%	-0.8%
GDV	Sell	GABELLI DIVID & INCOME TR	$3,469,535	-16.1%	178,474	-8.8%	0.33%	-12.6%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$3,354,239	-4.3%	7,847	-0.7%	0.32%	-0.3%
SPGI	Sell	S&P GLOBAL INC	$3,288,690	-9.4%	9,000	-0.6%	0.31%	-6.0%
CRM	Sell	SALESFORCE INC	$3,115,106	-4.7%	15,362	-0.7%	0.30%	-0.7%
GILD	Buy	GILEAD SCIENCES INC	$2,927,456	+2.0%	39,064	+4.9%	0.28%	+6.1%
KMI	Buy	KINDER MORGAN INC DEL	$2,524,363	+1.8%	152,254	+5.8%	0.24%	+5.7%
DIS	Sell	DISNEY WALT CO	$2,508,741	-72.9%	30,953	-70.1%	0.24%	-71.8%
ABT	Sell	ABBOTT LABS	$2,336,119	-15.9%	24,121	-5.3%	0.22%	-12.5%
LOW	Sell	LOWES COS INC	$2,302,452	-11.3%	11,078	-3.7%	0.22%	-7.9%
GSST	Sell	GOLDMAN SACHS ETF TRaces ultra shr	$1,935,175	-1.9%	38,750	-2.0%	0.18%	+2.2%
ORCL	Buy	ORACLE CORP	$1,935,052	+4.4%	18,269	+17.3%	0.18%	+8.8%
LLY	Buy	ELI LILLY & CO	$1,925,611	+67.9%	3,585	+46.6%	0.18%	+75.2%
TSLA	Sell	TESLA INC	$1,739,029	-4.5%	6,950	-0.1%	0.17%	-0.6%
	Buy	J P MORGAN EXCHANGE TRADED Factive growth	$1,684,332	+421.0%	31,255	+438.9%	0.16%	+436.7%
	Buy	PACER FDS TRmetaurus cap 400	$1,647,785	+9.7%	54,150	+14.8%	0.16%	+14.5%
SCHW	Buy	SCHWAB CHARLES CORP	$1,644,648	+6.5%	29,957	+9.9%	0.16%	+10.6%
JEPI	Buy	J P MORGAN EXCHANGE TRADED Fequity premium	$1,608,547	+7.7%	30,033	+11.3%	0.15%	+12.4%
NEE	Buy	NEXTERA ENERGY INC	$1,589,453	-22.1%	27,744	+0.8%	0.15%	-19.1%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,525,863	-29.7%	47,080	-19.4%	0.15%	-27.0%
INTC	Sell	INTEL CORP	$1,385,384	+3.7%	38,970	-2.5%	0.13%	+7.3%
DUK	Sell	DUKE ENERGY CORP NEW	$1,180,566	-6.4%	13,376	-4.8%	0.11%	-2.6%
VRTX	Sell	VERTEX PHARMACEUTICALS INC	$1,178,839	-2.6%	3,390	-1.5%	0.11%	+1.8%
	New	GOLDMAN SACHS ETF TRfuture health	$1,121,822	–	36,975	–	0.11%	–
GGG	Sell	GRACO INC	$1,078,624	-15.7%	14,800	-0.2%	0.10%	-12.7%
OXY	Buy	OCCIDENTAL PETE CORP	$1,066,303	+29.5%	16,435	+17.4%	0.10%	+34.2%
MMM	Sell	3M CO	$977,767	-12.3%	10,444	-6.3%	0.09%	-9.7%
STZ	Buy	CONSTELLATION BRANDS INCcl a	$971,390	+2.4%	3,865	+0.3%	0.09%	+6.9%
IDXX	Sell	IDEXX LABS INC	$914,332	-15.2%	2,091	-2.6%	0.09%	-12.1%
TFLO	Sell	ISHARES TRtrs flt rt bd	$783,933	-14.0%	15,450	-14.2%	0.08%	-10.7%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$772,311	-9.9%	13,307	-0.8%	0.07%	-6.3%
SBOW	New	SILVERBOW RES INC	$715,400	–	20,000	–	0.07%	–
FB	Buy	META PLATFORMS INCcl a	$714,200	+9.9%	2,379	+5.1%	0.07%	+13.3%
CCI	Sell	CROWN CASTLE INC	$693,044	-32.5%	7,531	-16.4%	0.07%	-29.8%
FLOT	Sell	ISHARES TRfltg rate nt etf	$661,570	-10.2%	13,000	-10.3%	0.06%	-7.4%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$465,515	+6.5%	3,318	+1.5%	0.04%	+12.5%
IJH	Buy	ISHARES TRcore s&p mcp etf	$459,303	-4.5%	1,842	+0.2%	0.04%	0.0%
BLK	Buy	BLACKROCK INC	$445,432	-0.1%	689	+6.8%	0.04%	+4.9%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$436,436	+21.7%	2,800	+40.0%	0.04%	+27.3%
NTRS	Sell	NORTHERN TR CORP	$423,828	-13.4%	6,100	-7.6%	0.04%	-8.9%
D	Buy	DOMINION ENERGY INC	$410,964	-8.8%	9,200	+5.7%	0.04%	-4.9%
BAC	Sell	BANK AMERICA CORP	$369,904	-80.1%	13,510	-79.1%	0.04%	-79.5%
STT	Buy	STATE STR CORP	$354,888	+7.8%	5,300	+17.8%	0.03%	+13.3%
GSEW	Sell	GOLDMAN SACHS ETF TRequal weight us	$346,434	-15.0%	5,800	-11.0%	0.03%	-10.8%
PXD	Buy	PIONEER NAT RES CO	$328,257	+58.4%	1,430	+43.0%	0.03%	+63.2%
NUV	Sell	NUVEEN MUN VALUE FD INC	$322,553	-44.8%	39,050	-41.9%	0.03%	-42.6%
CZR	Buy	CAESARS ENTERTAINMENT INC NE	$300,116	+14.9%	6,475	+26.3%	0.03%	+20.8%
OKE	New	ONEOK INC NEW	$268,256	–	4,229	–	0.03%	–
XLV	Buy	SELECT SECTOR SPDR TRsbi healthcare	$259,897	-3.0%	2,019	+0.0%	0.02%	0.0%
DVN	Buy	DEVON ENERGY CORP NEW	$253,859	+0.6%	5,322	+1.9%	0.02%	+4.3%
PYPL	Sell	PAYPAL HLDGS INC	$245,649	-38.0%	4,202	-29.2%	0.02%	-36.1%
PSX	New	PHILLIPS 66	$240,300	–	2,000	–	0.02%	–
LQD	Sell	ISHARES TRiboxx inv cp etf	$204,040	-81.9%	2,000	-80.8%	0.02%	-80.6%
T	Sell	AT&T INC	$197,122	-19.9%	13,124	-14.9%	0.02%	-17.4%
	Exit	ALPHABET INCput	$0	–	-12,300	–	0.00%	–
	Exit	APPLE INCput	$0	–	-30,600	–	0.00%	–
UNG	Exit	UNITED STS NAT GAS FD LPunit par	$0	–	-10,000	–	-0.01%	–
GSBD	Exit	GOLDMAN SACHS BDC INC	$0	–	-10,200	–	-0.01%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-2,897	–	-0.02%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-4,000	–	-0.02%	–
SCHO	Exit	SCHWAB STRATEGIC TRsht tm us tres	$0	–	-4,850	–	-0.02%	–
RSP	Exit	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$0	–	-1,690	–	-0.02%	–
MET	Exit	METLIFE INC	$0	–	-4,500	–	-0.02%	–
K	Exit	KELLOGG CO	$0	–	-3,985	–	-0.02%	–
SHY	Exit	ISHARES TR1 3 yr treas bd	$0	–	-3,500	–	-0.03%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-5,469	–	-0.03%	–

Q2 2023

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$131,766,808	–	679,315	–	12.11%	–
MSFT	New	MICROSOFT CORP	$99,678,996	–	292,709	–	9.16%	–
GOOGL	New	ALPHABET INCcap stk cl a	$54,257,018	–	453,275	–	4.99%	–
V	New	VISA INC	$51,215,686	–	215,663	–	4.71%	–
AMZN	New	AMAZON COM INC	$49,063,593	–	376,370	–	4.51%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$43,587,049	–	83,540	–	4.01%	–
MRK	New	MERCK & CO INC	$40,189,251	–	348,291	–	3.70%	–
NVDA	New	NVIDIA CORPORATION	$34,709,832	–	82,052	–	3.19%	–
JPM	New	JPMORGAN CHASE & CO	$34,496,160	–	237,185	–	3.17%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$30,520,311	–	62,415	–	2.81%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$29,750,204	–	87,244	–	2.74%	–
GOOG	New	ALPHABET INCcap stk cl c	$27,454,988	–	226,957	–	2.52%	–
CVX	New	CHEVRON CORP NEW	$24,880,969	–	158,125	–	2.29%	–
DHR	New	DANAHER CORPORATION	$24,632,722	–	102,636	–	2.26%	–
MCK	New	MCKESSON CORP	$22,867,495	–	53,515	–	2.10%	–
ZTS	New	ZOETIS INCcl a	$21,948,708	–	127,453	–	2.02%	–
ABBV	New	ABBVIE INC	$21,674,877	–	160,876	–	1.99%	–
GS	New	GOLDMAN SACHS GROUP INC	$21,511,913	–	66,695	–	1.98%	–
COST	New	COSTCO WHSL CORP NEW	$21,005,600	–	39,016	–	1.93%	–
PFE	New	PFIZER INC	$17,643,337	–	481,007	–	1.62%	–
HD	New	HOME DEPOT INC	$14,440,221	–	46,485	–	1.33%	–
QCOM	New	QUALCOMM INC	$14,034,792	–	117,900	–	1.29%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$12,859,780	–	34,811	–	1.18%	–
BSX	New	BOSTON SCIENTIFIC CORP	$12,791,960	–	236,494	–	1.18%	–
HON	New	HONEYWELL INTL INC	$12,643,183	–	60,931	–	1.16%	–
AMD	New	ADVANCED MICRO DEVICES INC	$12,595,484	–	110,574	–	1.16%	–
JNJ	New	JOHNSON & JOHNSON	$11,378,507	–	68,744	–	1.05%	–
SYK	New	STRYKER CORPORATION	$10,547,242	–	34,571	–	0.97%	–
DIS	New	DISNEY WALT CO	$9,256,461	–	103,679	–	0.85%	–
KKR	New	KKR & CO INC	$8,322,440	–	148,615	–	0.76%	–
PEP	New	PEPSICO INC	$7,221,209	–	38,987	–	0.66%	–
BX	New	BLACKSTONE INC	$7,202,310	–	77,469	–	0.66%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$6,993,018	–	174,825	–	0.64%	–
FTNT	New	FORTINET INC	$6,803,100	–	90,000	–	0.62%	–
ADI	New	ANALOG DEVICES INC	$5,428,575	–	27,866	–	0.50%	–
PG	New	PROCTER AND GAMBLE CO	$5,030,484	–	33,152	–	0.46%	–
MCD	New	MCDONALDS CORP	$4,853,340	–	16,264	–	0.45%	–
MS	New	MORGAN STANLEY	$4,790,855	–	56,099	–	0.44%	–
IVV	New	ISHARES TRcore s&p500 etf	$4,377,764	–	9,822	–	0.40%	–
GDV	New	GABELLI DIVID & INCOME TR	$4,136,705	–	195,774	–	0.38%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$4,116,373	–	18,687	–	0.38%	–
SPGI	New	S&P GLOBAL INC	$3,628,055	–	9,050	–	0.33%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$3,504,246	–	7,905	–	0.32%	–
CRM	New	SALESFORCE INC	$3,268,615	–	15,472	–	0.30%	–
MA	New	MASTERCARD INCORPORATEDcl a	$3,068,920	–	7,803	–	0.28%	–
GILD	New	GILEAD SCIENCES INC	$2,870,780	–	37,249	–	0.26%	–
ABT	New	ABBOTT LABS	$2,776,848	–	25,471	–	0.26%	–
LOW	New	LOWES COS INC	$2,596,453	–	11,504	–	0.24%	–
KMI	New	KINDER MORGAN INC DEL	$2,478,766	–	143,947	–	0.23%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$2,326,111	–	16,295	–	0.21%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,171,152	–	58,380	–	0.20%	–
ALGN	New	ALIGN TECHNOLOGY INC	$2,100,622	–	5,940	–	0.19%	–
NEE	New	NEXTERA ENERGY INC	$2,041,538	–	27,514	–	0.19%	–
GSST	New	GOLDMAN SACHS ETF TRaces ultra shr	$1,973,545	–	39,550	–	0.18%	–
GLD	New	SPDR GOLD TR	$1,974,162	–	11,074	–	0.18%	–
AXP	New	AMERICAN EXPRESS CO	$1,953,305	–	11,213	–	0.18%	–
BAC	New	BANK AMERICA CORP	$1,858,050	–	64,763	–	0.17%	–
ORCL	New	ORACLE CORP	$1,854,112	–	15,569	–	0.17%	–
TSLA	New	TESLA INC	$1,820,610	–	6,955	–	0.17%	–
SCHW	New	SCHWAB CHARLES CORP	$1,544,915	–	27,257	–	0.14%	–
	New	PACER FDS TRmetaurus cap 400	$1,501,893	–	47,150	–	0.14%	–
JEPI	New	J P MORGAN EXCHANGE TRADED Fequity premium	$1,492,938	–	26,982	–	0.14%	–
CL	New	COLGATE PALMOLIVE CO	$1,402,898	–	18,210	–	0.13%	–
XOM	New	EXXON MOBIL CORP	$1,337,622	–	12,472	–	0.12%	–
SBUX	New	STARBUCKS CORP	$1,333,744	–	13,464	–	0.12%	–
INTC	New	INTEL CORP	$1,336,597	–	39,970	–	0.12%	–
GGG	New	GRACO INC	$1,280,139	–	14,825	–	0.12%	–
DUK	New	DUKE ENERGY CORP NEW	$1,260,668	–	14,048	–	0.12%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$1,210,570	–	3,440	–	0.11%	–
LLY	New	LILLY ELI & CO	$1,146,656	–	2,445	–	0.10%	–
LQD	New	ISHARES TRiboxx inv cp etf	$1,124,656	–	10,400	–	0.10%	–
MMM	New	3M CO	$1,115,403	–	11,144	–	0.10%	–
KLAC	New	KLA CORP	$1,115,546	–	2,300	–	0.10%	–
ACI	New	ALBERTSONS COS INC	$1,087,051	–	49,819	–	0.10%	–
IDXX	New	IDEXX LABS INC	$1,077,786	–	2,146	–	0.10%	–
ACN	New	ACCENTURE PLC IRELAND	$1,039,915	–	3,370	–	0.10%	–
COP	New	CONOCOPHILLIPS	$1,036,100	–	10,000	–	0.10%	–
KR	New	KROGER CO	$1,038,418	–	22,094	–	0.10%	–
TROW	New	PRICE T ROWE GROUP INC	$1,022,183	–	9,125	–	0.09%	–
CCI	New	CROWN CASTLE INC	$1,026,443	–	9,009	–	0.09%	–
ISRG	New	INTUITIVE SURGICAL INC	$995,045	–	2,910	–	0.09%	–
VOO	New	VANGUARD INDEX FDS	$973,399	–	2,390	–	0.09%	–
FDVV	New	FIDELITY COVINGTON TRUSThigh divid etf	$957,734	–	24,100	–	0.09%	–
BA	New	BOEING CO	$956,555	–	4,530	–	0.09%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$948,831	–	3,855	–	0.09%	–
KMB	New	KIMBERLY-CLARK CORP	$936,461	–	6,783	–	0.09%	–
TFLO	New	ISHARES TRtrs flt rt bd	$912,060	–	18,000	–	0.08%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$908,347	–	4,945	–	0.08%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$857,641	–	13,411	–	0.08%	–
WMT	New	WALMART INC	$853,802	–	5,432	–	0.08%	–
OXY	New	OCCIDENTAL PETE CORP	$823,200	–	14,000	–	0.08%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$761,842	–	1,723	–	0.07%	–
IRDM	New	IRIDIUM COMMUNICATIONS INC	$745,440	–	12,000	–	0.07%	–
AMGN	New	AMGEN INC	$752,648	–	3,390	–	0.07%	–
FLOT	New	ISHARES TRfltg rate nt etf	$736,890	–	14,500	–	0.07%	–
JPST	New	J P MORGAN EXCHANGE TRADED Fultra shrt inc	$723,520	–	14,430	–	0.07%	–
CLX	New	CLOROX CO DEL	$685,144	–	4,308	–	0.06%	–
FB	New	META PLATFORMS INCcl a	$649,723	–	2,264	–	0.06%	–
UNP	New	UNION PAC CORP	$644,758	–	3,151	–	0.06%	–
NKE	New	NIKE INCcl b	$644,561	–	5,840	–	0.06%	–
BMRC	New	BANK MARIN BANCORP	$636,120	–	36,000	–	0.06%	–
NUV	New	NUVEEN MUN VALUE FD INC	$584,640	–	67,200	–	0.05%	–
NTRS	New	NORTHERN TR CORP	$489,324	–	6,600	–	0.04%	–
IEFA	New	ISHARES TRcore msci eafe	$477,968	–	7,081	–	0.04%	–
IJH	New	ISHARES TRcore s&p mcp etf	$480,862	–	1,839	–	0.04%	–
BLK	New	BLACKROCK INC	$445,785	–	645	–	0.04%	–
D	New	DOMINION ENERGY INC	$450,573	–	8,700	–	0.04%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$437,291	–	3,268	–	0.04%	–
CAKE	New	CHEESECAKE FACTORY INC	$432,250	–	12,500	–	0.04%	–
SNPS	New	SYNOPSYS INC	$424,960	–	976	–	0.04%	–
GSEW	New	GOLDMAN SACHS ETF TRequal weight us	$407,630	–	6,520	–	0.04%	–
CFB	New	CROSSFIRST BANKSHARES INC	$396,700	–	39,670	–	0.04%	–
PYPL	New	PAYPAL HLDGS INC	$396,176	–	5,937	–	0.04%	–
MO	New	ALTRIA GROUP INC	$368,289	–	8,130	–	0.03%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$358,500	–	2,000	–	0.03%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$340,828	–	5,469	–	0.03%	–
NFLX	New	NETFLIX INC	$339,177	–	770	–	0.03%	–
WAT	New	WATERS CORP	$333,175	–	1,250	–	0.03%	–
LBTYK	New	LIBERTY GLOBAL PLC	$323,414	–	18,200	–	0.03%	–
PM	New	PHILIP MORRIS INTL INC	$327,515	–	3,355	–	0.03%	–
STT	New	STATE STR CORP	$329,310	–	4,500	–	0.03%	–
	New	J P MORGAN EXCHANGE TRADED Factive growth	$323,292	–	5,800	–	0.03%	–
ANET	New	ARISTA NETWORKS INC	$287,332	–	1,773	–	0.03%	–
NAC	New	NUVEEN CA QUALTY MUN INCOME	$283,920	–	26,000	–	0.03%	–
SHY	New	ISHARES TR1 3 yr treas bd	$283,780	–	3,500	–	0.03%	–
GO	New	GROCERY OUTLET HLDG CORP	$269,337	–	8,799	–	0.02%	–
K	New	KELLOGG CO	$268,589	–	3,985	–	0.02%	–
BDX	New	BECTON DICKINSON & CO	$271,666	–	1,029	–	0.02%	–
AVGO	New	BROADCOM INC	$267,945	–	309	–	0.02%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$267,812	–	2,018	–	0.02%	–
NVS	New	NOVARTIS AGsponsored adr	$255,706	–	2,534	–	0.02%	–
CZR	New	CAESARS ENTERTAINMENT INC NE	$261,221	–	5,125	–	0.02%	–
PANW	New	PALO ALTO NETWORKS INC	$261,387	–	1,023	–	0.02%	–
EOG	New	EOG RES INC	$263,212	–	2,300	–	0.02%	–
WYNN	New	WYNN RESORTS LTD	$245,543	–	2,325	–	0.02%	–
DVN	New	DEVON ENERGY CORP NEW	$252,431	–	5,222	–	0.02%	–
RSP	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$252,892	–	1,690	–	0.02%	–
MET	New	METLIFE INC	$254,385	–	4,500	–	0.02%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$247,264	–	1,125	–	0.02%	–
T	New	AT&T INC	$246,013	–	15,424	–	0.02%	–
GSLC	New	GOLDMAN SACHS ETF TRactivebeta us lg	$235,710	–	2,700	–	0.02%	–
IYY	New	ISHARES TRdow jones us etf	$238,326	–	2,200	–	0.02%	–
IWD	New	ISHARES TRrus 1000 val etf	$238,165	–	1,509	–	0.02%	–
EQIX	New	EQUINIX INC	$235,182	–	300	–	0.02%	–
TXN	New	TEXAS INSTRS INC	$232,586	–	1,292	–	0.02%	–
SCHO	New	SCHWAB STRATEGIC TRsht tm us tres	$233,091	–	4,850	–	0.02%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$230,262	–	1,356	–	0.02%	–
UNH	New	UNITEDHEALTH GROUP INC	$223,981	–	466	–	0.02%	–
GSSC	New	GOLDMAN SACHS ETF TRactivebeta us	$230,960	–	4,000	–	0.02%	–
JCPB	New	J P MORGAN EXCHANGE TRADED Fcore plus bd etf	$220,091	–	4,725	–	0.02%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$218,020	–	1,254	–	0.02%	–
TBF	New	PROSHARES TRshrt 20+yr tre	$216,900	–	10,000	–	0.02%	–
CAT	New	CATERPILLAR INC	$221,445	–	900	–	0.02%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$202,788	–	552	–	0.02%	–
PXD	New	PIONEER NAT RES CO	$207,180	–	1,000	–	0.02%	–
UL	New	UNILEVER PLCspon adr new	$208,520	–	4,000	–	0.02%	–
CVS	New	CVS HEALTH CORP	$205,178	–	2,968	–	0.02%	–
SLB	New	SCHLUMBERGER LTD	$206,550	–	4,205	–	0.02%	–
EFA	New	ISHARES TRmsci eafe etf	$210,044	–	2,897	–	0.02%	–
	New	TMC THE METALS COMPANY INC	$160,881	–	98,700	–	0.02%	–
MQY	New	BLACKROCK MUNIYILD QULT FD I	$138,840	–	12,000	–	0.01%	–
GSBD	New	GOLDMAN SACHS BDC INC	$141,372	–	10,200	–	0.01%	–
NEA	New	NUVEEN AMT FREE QLTY MUN INC	$136,625	–	12,500	–	0.01%	–
	New	NU HLDGS LTD	$109,671	–	13,900	–	0.01%	–
UNG	New	UNITED STS NAT GAS FD LPunit par	$74,200	–	10,000	–	0.01%	–
	New	ALPHABET INCput	$185	–	12,300	–	0.00%	–
	New	APPLE INCput	$2,329	–	30,600	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	NU HLDGS LTD	$0	–	-13,900	–	-0.01%	–
PSLV	Exit	SPROTT PHYSICAL SILVER TRtr unit	$0	–	-12,770	–	-0.01%	–
JPC	Exit	NUVEEN PFD & INCOME OPPORTUN	$0	–	-13,500	–	-0.01%	–
NEA	Exit	NUVEEN AMT FREE QLTY MUN INC	$0	–	-10,250	–	-0.01%	–
TCPC	Exit	BLACKROCK TCP CAPITAL CORP	$0	–	-12,000	–	-0.02%	–
GSBD	Exit	GOLDMAN SACHS BDC INC	$0	–	-22,000	–	-0.04%	–
FDVV	Exit	FIDELITY COVINGTON TRUSThigh divid etf	$0	–	-11,300	–	-0.05%	–
NAC	Exit	NUVEEN CA QUALTY MUN INCOME	$0	–	-44,518	–	-0.06%	–
CFB	Exit	CROSSFIRST BANKSHARES INC	$0	–	-39,670	–	-0.07%	–
IRDM	Exit	IRIDIUM COMMUNICATIONS INC	$0	–	-12,000	–	-0.07%	–
BMRC	Exit	BANK MARIN BANCORP	$0	–	-18,000	–	-0.07%	–
	Exit	PACER FDS TRmetaurus cap 400	$0	–	-27,601	–	-0.10%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-11,110	–	-0.10%	–
KR	Exit	KROGER CO	$0	–	-20,007	–	-0.11%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-11,614	–	-0.13%	–
INTC	Exit	INTEL CORP	$0	–	-41,730	–	-0.14%	–
ORCL	Exit	ORACLE CORP	$0	–	-17,919	–	-0.14%	–
MMM	Exit	3M CO	$0	–	-10,660	–	-0.15%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-19,840	–	-0.16%	–
EIM	Exit	EATON VANCE MUN BD FD	$0	–	-132,256	–	-0.16%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-86,250	–	-0.18%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-16,074	–	-0.19%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-11,213	–	-0.19%	–
T	Exit	AT&T INC	$0	–	-104,524	–	-0.20%	–
ABT	Exit	ABBOTT LABS	$0	–	-18,463	–	-0.23%	–
NUV	Exit	NUVEEN MUN VALUE FD INC	$0	–	-240,750	–	-0.26%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-28,575	–	-0.26%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-26,233	–	-0.26%	–
LOW	Exit	LOWES COS INC	$0	–	-11,655	–	-0.28%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-74,889	–	-0.29%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-17,410	–	-0.29%	–
MS	Exit	MORGAN STANLEY	$0	–	-28,720	–	-0.29%	–
CRM	Exit	SALESFORCE INC	$0	–	-15,925	–	-0.29%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-14,690	–	-0.34%	–
MCD	Exit	MCDONALDS CORP	$0	–	-12,875	–	-0.38%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-87,818	–	-0.43%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-25,146	–	-0.45%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-112,278	–	-0.45%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-28,407	–	-0.46%	–
GDV	Exit	GABELLI DIVID & INCOME TR	$0	–	-210,765	–	-0.50%	–
FTNT	Exit	FORTINET INC	$0	–	-90,000	–	-0.56%	–
CCI	Exit	CROWN CASTLE INC	$0	–	-30,701	–	-0.57%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-30,118	–	-0.64%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-28,822	–	-0.75%	–
KKR	Exit	KKR & CO INC	$0	–	-143,987	–	-0.79%	–
PEP	Exit	PEPSICO INC	$0	–	-37,942	–	-0.79%	–
BX	Exit	BLACKSTONE INC	$0	–	-74,042	–	-0.79%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-236,225	–	-0.82%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-122,669	–	-0.99%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-61,227	–	-1.02%	–
DIS	Exit	DISNEY WALT CO	$0	–	-87,846	–	-1.06%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-234,642	–	-1.16%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-35,948	–	-1.23%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-82,002	–	-1.27%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-63,481	–	-1.32%	–
HD	Exit	HOME DEPOT INC	$0	–	-45,370	–	-1.60%	–
QCOM	Exit	QUALCOMM INC	$0	–	-111,848	–	-1.62%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-57,505	–	-2.02%	–
PFE	Exit	PFIZER INC	$0	–	-368,195	–	-2.06%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-36,170	–	-2.18%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-61,801	–	-2.31%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-122,944	–	-2.33%	–
MCK	Exit	MCKESSON CORP	$0	–	-56,667	–	-2.46%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-141,698	–	-2.60%	–
ABBV	Exit	ABBVIE INC	$0	–	-153,737	–	-2.64%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-217,030	–	-2.67%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-82,024	–	-2.80%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-226,701	–	-3.03%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-98,604	–	-3.25%	–
MRK	Exit	MERCK & CO INC	$0	–	-345,763	–	-3.80%	–
V	Exit	VISA INC	$0	–	-202,768	–	-4.60%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-437,820	–	-5.35%	–
AMZN	Exit	AMAZON COM INC	$0	–	-374,425	–	-5.41%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-90,838	–	-5.89%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-274,545	–	-8.17%	–
AAPL	Exit	APPLE INC	$0	–	-656,560	–	-11.59%	–

Q3 2022

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$90,737,000	+0.5%	656,560	-0.6%	11.59%	+10.4%
MSFT	Sell	MICROSOFT CORP	$63,942,000	-11.7%	274,545	-2.6%	8.17%	-2.9%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$46,072,000	-5.4%	90,838	+1.4%	5.89%	+4.0%
AMZN	Sell	AMAZON COM INC	$42,310,000	+4.6%	374,425	-1.6%	5.41%	+15.0%
GOOGL	Buy	ALPHABET INCcap stk cl a	$41,877,000	-12.0%	437,820	+1904.7%	5.35%	-3.3%
V	Sell	VISA INC	$36,022,000	-11.8%	202,768	-2.2%	4.60%	-3.0%
MRK	Buy	MERCK & CO INC	$29,777,000	-4.6%	345,763	+1.0%	3.80%	+4.8%
DHR	Buy	DANAHER CORPORATION	$25,468,000	+4.2%	98,604	+2.3%	3.25%	+14.5%
JPM	Sell	JPMORGAN CHASE & CO	$23,690,000	-8.3%	226,701	-1.2%	3.03%	+0.8%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$21,902,000	-0.5%	82,024	+1.8%	2.80%	+9.4%
GOOG	Buy	ALPHABET INCcap stk cl c	$20,867,000	-14.4%	217,030	+1847.7%	2.67%	-5.9%
ABBV	Buy	ABBVIE INC	$20,633,000	-10.3%	153,737	+2.4%	2.64%	-1.4%
CVX	Sell	CHEVRON CORP NEW	$20,358,000	-1.1%	141,698	-0.3%	2.60%	+8.7%
MCK	Sell	MCKESSON CORP	$19,259,000	+3.2%	56,667	-1.0%	2.46%	+13.4%
ZTS	Sell	ZOETIS INCcl a	$18,231,000	-13.8%	122,944	-0.1%	2.33%	-5.2%
GS	Buy	GOLDMAN SACHS GROUP INC	$18,111,000	+0.4%	61,801	+1.7%	2.31%	+10.3%
COST	Sell	COSTCO WHSL CORP NEW	$17,082,000	-2.3%	36,170	-0.8%	2.18%	+7.4%
PFE	Sell	PFIZER INC	$16,112,000	-17.1%	368,195	-0.6%	2.06%	-8.8%
ADBE	Sell	ADOBE SYSTEMS INCORPORATED	$15,825,000	-29.9%	57,505	-6.8%	2.02%	-23.0%
QCOM	Buy	QUALCOMM INC	$12,637,000	-8.6%	111,848	+3.3%	1.62%	+0.5%
HD	Sell	HOME DEPOT INC	$12,519,000	-2.9%	45,370	-3.5%	1.60%	+6.8%
JNJ	Buy	JOHNSON & JOHNSON	$10,370,000	-5.6%	63,481	+2.6%	1.32%	+3.8%
NVDA	Sell	NVIDIA CORPORATION	$9,954,000	-25.4%	82,002	-6.8%	1.27%	-17.9%
QQQ	Buy	INVESCO QQQ TRunit ser 1	$9,607,000	-2.0%	35,948	+2.8%	1.23%	+7.8%
BSX	Sell	BOSTON SCIENTIFIC CORP	$9,088,000	-1.1%	234,642	-4.8%	1.16%	+8.7%
DIS	Sell	DISNEY WALT CO	$8,287,000	-29.0%	87,846	-29.0%	1.06%	-22.0%
FRC	Sell	FIRST REP BK SAN FRANCISCO C	$7,993,000	-13.5%	61,227	-4.5%	1.02%	-4.9%
AMD	Buy	ADVANCED MICRO DEVICES INC	$7,772,000	-16.8%	122,669	+0.4%	0.99%	-8.6%
FCX	Sell	FREEPORT-MCMORAN INCcl b	$6,456,000	-17.3%	236,225	-11.5%	0.82%	-9.0%
BX	Buy	BLACKSTONE INC	$6,197,000	-7.0%	74,042	+1.4%	0.79%	+2.2%
PEP	Sell	PEPSICO INC	$6,194,000	-5.5%	37,942	-3.5%	0.79%	+3.8%
KKR	Buy	KKR & CO INC	$6,191,000	-6.3%	143,987	+0.8%	0.79%	+3.0%
SYK	Buy	STRYKER CORPORATION	$5,838,000	+7.2%	28,822	+5.3%	0.75%	+17.9%
HON	Sell	HONEYWELL INTL INC	$5,029,000	-46.2%	30,118	-44.0%	0.64%	-40.8%
CCI	Sell	CROWN CASTLE INC	$4,438,000	-15.0%	30,701	-1.0%	0.57%	-6.6%
GDV	Sell	GABELLI DIVID & INCOME TR	$3,946,000	-11.5%	210,765	-3.3%	0.50%	-2.7%
PG	Buy	PROCTER AND GAMBLE CO	$3,586,000	-3.9%	28,407	+9.4%	0.46%	+5.5%
ADI	Sell	ANALOG DEVICES INC	$3,504,000	-12.3%	25,146	-8.1%	0.45%	-3.7%
VZ	Sell	VERIZON COMMUNICATIONS INC	$3,334,000	-66.4%	87,818	-55.1%	0.43%	-63.1%
MCD	Buy	MCDONALDS CORP	$2,971,000	+3.7%	12,875	+11.0%	0.38%	+14.1%
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$2,636,000	+2.3%	14,690	+7.5%	0.34%	+12.3%
CRM	Buy	SALESFORCE INC	$2,291,000	-11.8%	15,925	+1.2%	0.29%	-3.0%
MS	Sell	MORGAN STANLEY	$2,269,000	-28.2%	28,720	-30.9%	0.29%	-21.0%
BAC	Buy	BK OF AMERICA CORP	$2,262,000	-1.7%	74,889	+1.4%	0.29%	+8.2%
LOW	Sell	LOWES COS INC	$2,189,000	+7.0%	11,655	-0.4%	0.28%	+17.6%
NEE	Sell	NEXTERA ENERGY INC	$2,057,000	+1.1%	26,233	-0.1%	0.26%	+11.4%
SCHW	Sell	SCHWAB CHARLES CORP	$2,054,000	+9.9%	28,575	-3.4%	0.26%	+20.7%
NUV	Sell	NUVEEN MUN VALUE FD INC	$2,037,000	-18.4%	240,750	-13.8%	0.26%	-10.3%
ABT	Buy	ABBOTT LABS	$1,786,000	+30.8%	18,463	+47.0%	0.23%	+43.4%
T	Sell	AT&T INC	$1,603,000	-58.0%	104,524	-42.6%	0.20%	-53.8%
DUK	Sell	DUKE ENERGY CORP NEW	$1,495,000	-13.8%	16,074	-0.6%	0.19%	-5.4%
KMI	Buy	KINDER MORGAN INC DEL	$1,435,000	+0.4%	86,250	+1.2%	0.18%	+10.2%
EIM	Sell	EATON VANCE MUN BD FD	$1,280,000	-29.1%	132,256	-21.6%	0.16%	-21.9%
GILD	Sell	GILEAD SCIENCES INC	$1,224,000	-5.0%	19,840	-4.8%	0.16%	+4.0%
INTC	Sell	INTEL CORP	$1,075,000	-35.7%	41,730	-6.7%	0.14%	-29.4%
BMY	New	BRISTOL-MYERS SQUIBB CO	$790,000	–	11,110	–	0.10%	–
	Buy	PACER FDS TRmetaurus cap 400	$752,000	-4.1%	27,601	+1.8%	0.10%	+5.5%
BMRC	New	BANK MARIN BANCORP	$539,000	–	18,000	–	0.07%	–
FDVV	New	FIDELITY COVINGTON TRUSThigh divid etf	$373,000	–	11,300	–	0.05%	–
GSBD	New	GOLDMAN SACHS BDC INC	$318,000	–	22,000	–	0.04%	–
TCPC	New	BLACKROCK TCP CAPITAL CORP	$131,000	–	12,000	–	0.02%	–
JPC	Sell	NUVEEN PFD & INCOME OPPORTUN	$94,000	-25.4%	13,500	-18.2%	0.01%	-20.0%
PSLV	Sell	SPROTT PHYSICAL SILVER TRtr unit	$85,000	-97.2%	12,770	-97.1%	0.01%	-96.9%
	Exit	APPLE INCput	$0	–	-30,600	–	0.00%	–
	Exit	LIBERTY GLOBAL PLCput	$0	–	-18,200	–	-0.00%	–
	Exit	ALBERTSONS COS INCput	$0	–	-50,000	–	-0.00%	–
	Exit	ENERGY VAULT HOLDINGS INC*w exp 02/11/202	$0	–	-50,000	–	-0.01%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-17,838	–	-0.33%	–

Q2 2022

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$90,311,000	–	660,554	–	10.50%	–
MSFT	New	MICROSOFT CORP	$72,403,000	–	281,911	–	8.42%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$48,677,000	–	89,598	–	5.66%	–
GOOGL	New	ALPHABET INCcap stk cl a	$47,595,000	–	21,840	–	5.53%	–
V	New	VISA INC	$40,822,000	–	207,332	–	4.74%	–
AMZN	New	AMAZON COM INC	$40,434,000	–	380,695	–	4.70%	–
MRK	New	MERCK & CO INC	$31,221,000	–	342,451	–	3.63%	–
JPM	New	JPMORGAN CHASE & CO	$25,831,000	–	229,384	–	3.00%	–
DHR	New	DANAHER CORPORATION	$24,437,000	–	96,390	–	2.84%	–
GOOG	New	ALPHABET INCcap stk cl c	$24,375,000	–	11,143	–	2.83%	–
ABBV	New	ABBVIE INC	$23,002,000	–	150,181	–	2.67%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$22,584,000	–	61,695	–	2.62%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$22,008,000	–	80,611	–	2.56%	–
ZTS	New	ZOETIS INCcl a	$21,145,000	–	123,015	–	2.46%	–
CVX	New	CHEVRON CORP NEW	$20,579,000	–	142,143	–	2.39%	–
PFE	New	PFIZER INC	$19,429,000	–	370,568	–	2.26%	–
MCK	New	MCKESSON CORP	$18,670,000	–	57,232	–	2.17%	–
GS	New	GOLDMAN SACHS GROUP INC	$18,041,000	–	60,741	–	2.10%	–
COST	New	COSTCO WHSL CORP NEW	$17,482,000	–	36,475	–	2.03%	–
QCOM	New	QUALCOMM INC	$13,828,000	–	108,248	–	1.61%	–
NVDA	New	NVIDIA CORPORATION	$13,337,000	–	87,980	–	1.55%	–
HD	New	HOME DEPOT INC	$12,890,000	–	46,996	–	1.50%	–
DIS	New	DISNEY WALT CO	$11,674,000	–	123,669	–	1.36%	–
JNJ	New	JOHNSON & JOHNSON	$10,984,000	–	61,881	–	1.28%	–
VZ	New	VERIZON COMMUNICATIONS INC	$9,922,000	–	195,514	–	1.15%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$9,800,000	–	34,967	–	1.14%	–
HON	New	HONEYWELL INTL INC	$9,352,000	–	53,808	–	1.09%	–
AMD	New	ADVANCED MICRO DEVICES INC	$9,345,000	–	122,208	–	1.09%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$9,242,000	–	64,092	–	1.07%	–
BSX	New	BOSTON SCIENTIFIC CORP	$9,185,000	–	246,442	–	1.07%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$7,806,000	–	266,775	–	0.91%	–
BX	New	BLACKSTONE INC	$6,664,000	–	73,042	–	0.78%	–
KKR	New	KKR & CO INC	$6,610,000	–	142,787	–	0.77%	–
PEP	New	PEPSICO INC	$6,552,000	–	39,312	–	0.76%	–
SYK	New	STRYKER CORPORATION	$5,445,000	–	27,372	–	0.63%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$5,220,000	–	31,001	–	0.61%	–
FTNT	New	FORTINET INC	$5,092,000	–	90,000	–	0.59%	–
GDV	New	GABELLI DIVID & INCOME TR	$4,457,000	–	217,931	–	0.52%	–
ADI	New	ANALOG DEVICES INC	$3,996,000	–	27,356	–	0.46%	–
T	New	AT&T INC	$3,819,000	–	182,205	–	0.44%	–
PG	New	PROCTER AND GAMBLE CO	$3,733,000	–	25,962	–	0.43%	–
PFF	New	ISHARES TRpfd and incm sec	$3,692,000	–	112,278	–	0.43%	–
MS	New	MORGAN STANLEY	$3,160,000	–	41,550	–	0.37%	–
PSLV	New	SPROTT PHYSICAL SILVER TRtr unit	$3,030,000	–	439,070	–	0.35%	–
FB	New	META PLATFORMS INCcl a	$2,876,000	–	17,838	–	0.33%	–
MCD	New	MCDONALDS CORP	$2,864,000	–	11,602	–	0.33%	–
CRM	New	SALESFORCE INC	$2,597,000	–	15,733	–	0.30%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$2,590,000	–	17,410	–	0.30%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$2,577,000	–	13,660	–	0.30%	–
NUV	New	NUVEEN MUN VALUE FD INC	$2,495,000	–	279,400	–	0.29%	–
BAC	New	BK OF AMERICA CORP	$2,300,000	–	73,889	–	0.27%	–
LOW	New	LOWES COS INC	$2,045,000	–	11,705	–	0.24%	–
NEE	New	NEXTERA ENERGY INC	$2,034,000	–	26,253	–	0.24%	–
SCHW	New	SCHWAB CHARLES CORP	$1,869,000	–	29,575	–	0.22%	–
EIM	New	EATON VANCE MUN BD FD	$1,806,000	–	168,766	–	0.21%	–
DUK	New	DUKE ENERGY CORP NEW	$1,734,000	–	16,174	–	0.20%	–
INTC	New	INTEL CORP	$1,673,000	–	44,730	–	0.19%	–
AXP	New	AMERICAN EXPRESS CO	$1,554,000	–	11,213	–	0.18%	–
KMI	New	KINDER MORGAN INC DEL	$1,429,000	–	85,250	–	0.17%	–
MMM	New	3M CO	$1,380,000	–	10,660	–	0.16%	–
ABT	New	ABBOTT LABS	$1,365,000	–	12,563	–	0.16%	–
GILD	New	GILEAD SCIENCES INC	$1,288,000	–	20,840	–	0.15%	–
ORCL	New	ORACLE CORP	$1,252,000	–	17,919	–	0.15%	–
XOM	New	EXXON MOBIL CORP	$995,000	–	11,614	–	0.12%	–
KR	New	KROGER CO	$947,000	–	20,007	–	0.11%	–
	New	PACER FDS TRmetaurus cap 400	$784,000	–	27,100	–	0.09%	–
NAC	New	NUVEEN CA QUALTY MUN INCOME	$549,000	–	44,518	–	0.06%	–
CFB	New	CROSSFIRST BANKSHARES INC	$524,000	–	39,670	–	0.06%	–
IRDM	New	IRIDIUM COMMUNICATIONS INC	$451,000	–	12,000	–	0.05%	–
JPC	New	NUVEEN PFD & INCOME OPPORTUN	$126,000	–	16,500	–	0.02%	–
NEA	New	NUVEEN AMT FREE QLTY MUN INC	$120,000	–	10,250	–	0.01%	–
	New	ENERGY VAULT HOLDINGS INC*w exp 02/11/202	$76,000	–	50,000	–	0.01%	–
	New	NU HLDGS LTD	$52,000	–	13,900	–	0.01%	–
	New	ALBERTSONS COS INCput	$31,000	–	50,000	–	0.00%	–
	New	LIBERTY GLOBAL PLCput	$13,000	–	18,200	–	0.00%	–
	New	APPLE INCput	$0	–	30,600	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
CELGRT	Exit	BRISTOL-MYERS SQUIBB COright 12/30/2030	$0	–	-20,000	–	0.00%	–
JPC	Exit	NUVEEN PFD & INCOME OPPORTUN	$0	–	-11,000	–	-0.01%	–
MQY	Exit	BLACKROCK MUNIYILD QULT FD I	$0	–	-12,000	–	-0.02%	–
PLTR	Exit	PALANTIR TECHNOLOGIES INCcl a	$0	–	-10,035	–	-0.02%	–
GO	Exit	GROCERY OUTLET HLDG CORP	$0	–	-11,100	–	-0.02%	–
NEA	Exit	NUVEEN AMT FREE QLTY MUN INC	$0	–	-18,073	–	-0.03%	–
CFB	Exit	CROSSFIRST BANKSHARES INC	$0	–	-34,835	–	-0.04%	–
IRDM	Exit	IRIDIUM COMMUNICATIONS INC	$0	–	-12,000	–	-0.04%	–
NAC	Exit	NUVEEN CA QUALTY MUN INCOME	$0	–	-37,958	–	-0.06%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-10,572	–	-0.06%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRunit	$0	–	-64,910	–	-0.08%	–
PSLV	Exit	SPROTT PHYSICAL SILVER TRtr unit	$0	–	-123,000	–	-0.09%	–
ORCL	Exit	ORACLE CORP	$0	–	-13,807	–	-0.11%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-14,463	–	-0.13%	–
RL	Exit	RALPH LAUREN CORPcl a	$0	–	-12,930	–	-0.13%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-13,850	–	-0.14%	–
K	Exit	KELLOGG CO	$0	–	-25,780	–	-0.15%	–
ABT	Exit	ABBOTT LABS	$0	–	-15,050	–	-0.16%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-11,213	–	-0.18%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-24,822	–	-0.18%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-26,955	–	-0.18%	–
EBAY	Exit	EBAY INC.	$0	–	-28,287	–	-0.18%	–
BBY	Exit	BEST BUY INC	$0	–	-19,155	–	-0.19%	–
EIM	Exit	EATON VANCE MUN BD FD	$0	–	-152,756	–	-0.19%	–
INTC	Exit	INTEL CORP	$0	–	-38,778	–	-0.19%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-17,760	–	-0.21%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-33,410	–	-0.22%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-11,370	–	-0.22%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-12,135	–	-0.25%	–
BA	Exit	BOEING CO	$0	–	-12,725	–	-0.26%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-17,410	–	-0.27%	–
MCD	Exit	MCDONALDS CORP	$0	–	-13,224	–	-0.30%	–
NUV	Exit	NUVEEN MUN VALUE FD INC	$0	–	-308,100	–	-0.32%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-26,462	–	-0.34%	–
INFO	Exit	IHS MARKIT LTD	$0	–	-35,003	–	-0.38%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-102,664	–	-0.40%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-32,185	–	-0.44%	–
STT	Exit	STATE STR CORP	$0	–	-57,601	–	-0.45%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-18,541	–	-0.47%	–
FTNT	Exit	FORTINET INC	$0	–	-18,000	–	-0.49%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-33,210	–	-0.50%	–
PEP	Exit	PEPSICO INC	$0	–	-40,108	–	-0.56%	–
GDV	Exit	GABELLI DIVID & INCOME TR	$0	–	-243,520	–	-0.58%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-197,860	–	-0.60%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-49,954	–	-0.80%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-88,460	–	-0.83%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-54,004	–	-0.84%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-29,212	–	-0.97%	–
BX	Exit	BLACKSTONE INC	$0	–	-96,700	–	-1.04%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-33,365	–	-1.05%	–
T	Exit	AT&T INC	$0	–	-449,877	–	-1.13%	–
XLNX	Exit	XILINX INC	$0	–	-83,065	–	-1.16%	–
KKR	Exit	KKR & CO INC	$0	–	-217,085	–	-1.23%	–
ABBV	Exit	ABBVIE INC	$0	–	-127,993	–	-1.28%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-73,616	–	-1.32%	–
MCK	Exit	MCKESSON CORP	$0	–	-71,470	–	-1.32%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-284,346	–	-1.43%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-361,662	–	-1.46%	–
QCOM	Exit	QUALCOMM INC	$0	–	-122,759	–	-1.47%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-62,174	–	-1.52%	–
PFE	Exit	PFIZER INC	$0	–	-387,973	–	-1.55%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-37,194	–	-1.55%	–
HD	Exit	HOME DEPOT INC	$0	–	-52,948	–	-1.62%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-90,402	–	-1.74%	–
DIS	Exit	DISNEY WALT CO	$0	–	-123,063	–	-1.93%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-59,930	–	-2.10%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-89,184	–	-2.16%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-87,979	–	-2.23%	–
MRK	Exit	MERCK & CO INC	$0	–	-354,518	–	-2.47%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-138,953	–	-2.51%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-95,355	–	-2.70%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-11,276	–	-2.79%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-64,170	–	-3.43%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-235,314	–	-3.58%	–
V	Exit	VISA INC	$0	–	-223,361	–	-4.62%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-94,486	–	-5.02%	–
AMZN	Exit	AMAZON COM INC	$0	–	-20,031	–	-6.11%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-24,779	–	-6.15%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-301,587	–	-7.90%	–
AAPL	Exit	APPLE INC	$0	–	-692,452	–	-9.10%	–

Q3 2021

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$97,982,000	+2.8%	692,452	-0.5%	9.10%	+3.2%
MSFT	Sell	MICROSOFT CORP	$85,023,000	+3.5%	301,587	-0.5%	7.90%	+4.0%
GOOGL	Sell	ALPHABET INCcap stk cl a	$66,247,000	+9.1%	24,779	-0.3%	6.15%	+9.6%
AMZN	Buy	AMAZON COM INC	$65,803,000	-4.5%	20,031	+0.0%	6.11%	-4.1%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$53,983,000	+12.9%	94,486	-0.3%	5.02%	+13.4%
V	Buy	VISA INC	$49,754,000	-4.1%	223,361	+0.7%	4.62%	-3.7%
JPM	Sell	JPMORGAN CHASE & CO	$38,519,000	+4.8%	235,314	-0.4%	3.58%	+5.2%
ADBE	Sell	ADOBE SYSTEMS INCORPORATED	$36,944,000	-2.0%	64,170	-0.3%	3.43%	-1.5%
GOOG	Sell	ALPHABET INCcap stk cl c	$30,054,000	+5.8%	11,276	-0.5%	2.79%	+6.2%
DHR	Sell	DANAHER CORPORATION	$29,030,000	+12.7%	95,355	-0.7%	2.70%	+13.2%
ZTS	Sell	ZOETIS INCcl a	$26,976,000	+3.8%	138,953	-0.3%	2.51%	+4.3%
MRK	Buy	MERCK & CO INC	$26,628,000	+10.5%	354,518	+14.4%	2.47%	+11.0%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$24,013,000	-1.7%	87,979	+0.1%	2.23%	-1.2%
PYPL	Buy	PAYPAL HLDGS INC	$23,207,000	-10.4%	89,184	+0.4%	2.16%	-10.0%
GS	Buy	GOLDMAN SACHS GROUP INC	$22,655,000	-0.3%	59,930	+0.1%	2.10%	+0.1%
DIS	Buy	DISNEY WALT CO	$20,819,000	+13.8%	123,063	+18.2%	1.93%	+14.2%
NVDA	Buy	NVIDIA CORPORATION	$18,728,000	+2.0%	90,402	+294.1%	1.74%	+2.5%
HD	Buy	HOME DEPOT INC	$17,381,000	+3.1%	52,948	+0.1%	1.62%	+3.5%
COST	Buy	COSTCO WHSL CORP NEW	$16,713,000	+14.2%	37,194	+0.5%	1.55%	+14.7%
PFE	Sell	PFIZER INC	$16,687,000	+9.3%	387,973	-0.5%	1.55%	+9.8%
SYK	Sell	STRYKER CORPORATION	$16,397,000	+1.3%	62,174	-0.2%	1.52%	+1.7%
QCOM	Sell	QUALCOMM INC	$15,833,000	-11.2%	122,759	-1.6%	1.47%	-10.8%
BSX	Buy	BOSTON SCIENTIFIC CORP	$15,693,000	+2.2%	361,662	+0.7%	1.46%	+2.7%
VZ	Sell	VERIZON COMMUNICATIONS INC	$15,358,000	-4.9%	284,346	-1.3%	1.43%	-4.4%
MCK	Sell	MCKESSON CORP	$14,250,000	+2.1%	71,470	-2.1%	1.32%	+2.6%
FRC	Sell	FIRST REP BK SAN FRANCISCO C	$14,199,000	+2.8%	73,616	-0.3%	1.32%	+3.2%
ABBV	Buy	ABBVIE INC	$13,807,000	-0.9%	127,993	+3.4%	1.28%	-0.5%
KKR	Sell	KKR & CO INC	$13,216,000	+2.4%	217,085	-0.4%	1.23%	+2.8%
XLNX	Buy	XILINX INC	$12,542,000	+6.4%	83,065	+1.9%	1.16%	+6.8%
T	Sell	AT&T INC	$12,151,000	-12.1%	449,877	-6.4%	1.13%	-11.7%
FB	Buy	FACEBOOK INCcl a	$11,324,000	-1.3%	33,365	+1.1%	1.05%	-0.8%
QQQ	Sell	INVESCO QQQ TRunit ser 1	$10,457,000	-1.0%	29,212	-1.9%	0.97%	-0.6%
ADI	Sell	ANALOG DEVICES INC	$9,045,000	-8.1%	54,004	-5.5%	0.84%	-7.7%
CVX	Buy	CHEVRON CORP NEW	$8,974,000	+45.0%	88,460	+49.7%	0.83%	+45.8%
CCI	Sell	CROWN CASTLE INTL CORP NEW	$8,658,000	-12.6%	49,954	-1.6%	0.80%	-12.2%
FCX	New	FREEPORT-MCMORAN INCcl b	$6,436,000	–	197,860	–	0.60%	–
GDV	Buy	GABELLI DIVID & INCOME TR	$6,280,000	+0.8%	243,520	+2.9%	0.58%	+1.2%
PEP	Sell	PEPSICO INC	$6,033,000	+0.5%	40,108	-1.0%	0.56%	+0.9%
JNJ	Buy	JOHNSON & JOHNSON	$5,363,000	-0.9%	33,210	+1.1%	0.50%	-0.6%
CRM	Buy	SALESFORCE COM INC	$5,029,000	+11.6%	18,541	+0.5%	0.47%	+12.0%
STT	Buy	STATE STR CORP	$4,880,000	+4.9%	57,601	+1.9%	0.45%	+5.3%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$4,765,000	-81.7%	32,185	-71.9%	0.44%	-81.6%
BAC	Sell	BK OF AMERICA CORP	$4,358,000	+2.1%	102,664	-0.9%	0.40%	+2.5%
PG	Sell	PROCTER AND GAMBLE CO	$3,699,000	+2.6%	26,462	-0.9%	0.34%	+3.3%
NUV	Sell	NUVEEN MUN VALUE FD INC	$3,488,000	-7.5%	308,100	-5.8%	0.32%	-7.2%
MCD	Buy	MCDONALDS CORP	$3,188,000	+5.2%	13,224	+0.8%	0.30%	+5.7%
BA	Sell	BOEING CO	$2,799,000	-10.5%	12,725	-2.5%	0.26%	-10.0%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$2,396,000	-13.7%	11,370	-4.3%	0.22%	-13.2%
GILD	Buy	GILEAD SCIENCES INC	$2,334,000	+13.5%	33,410	+11.9%	0.22%	+14.2%
MDT	Sell	MEDTRONIC PLC	$2,226,000	0.0%	17,760	-1.0%	0.21%	+0.5%
EIM	Sell	EATON VANCE MUN BD FD	$2,044,000	-6.6%	152,756	-4.5%	0.19%	-5.9%
BBY	Sell	BEST BUY INC	$2,025,000	-15.6%	19,155	-8.2%	0.19%	-15.3%
EBAY	Sell	EBAY INC.	$1,971,000	-27.6%	28,287	-27.1%	0.18%	-27.4%
SCHW	Buy	SCHWAB CHARLES CORP	$1,963,000	+0.1%	26,955	+0.1%	0.18%	+0.6%
ABT	Sell	ABBOTT LABS	$1,778,000	-4.5%	15,050	-6.2%	0.16%	-4.1%
K	New	KELLOGG CO	$1,648,000	–	25,780	–	0.15%	–
RL	New	RALPH LAUREN CORPcl a	$1,436,000	–	12,930	–	0.13%	–
DUK	Sell	DUKE ENERGY CORP NEW	$1,411,000	-2.6%	14,463	-1.4%	0.13%	-2.2%
PSLV	Buy	SPROTT PHYSICAL SILVER TRtr unit	$945,000	-9.9%	123,000	+8.8%	0.09%	-9.3%
PHYS	Sell	SPROTT PHYSICAL GOLD TRunit	$896,000	-1.8%	64,910	-0.1%	0.08%	-1.2%
NEA	New	NUVEEN AMT FREE QLTY MUN INC	$275,000	–	18,073	–	0.03%	–
GO	Sell	GROCERY OUTLET HLDG CORP	$239,000	-73.2%	11,100	-56.9%	0.02%	-73.5%
PLTR	New	PALANTIR TECHNOLOGIES INCcl a	$241,000	–	10,035	–	0.02%	–
MQY	New	BLACKROCK MUNIYILD QULT FD I	$194,000	–	12,000	–	0.02%	–
PFE	Exit	PFIZER INCput	$0	–	-53,000	–	0.00%	–
MSFT	Exit	MICROSOFT CORPput	$0	–	-35,400	–	0.00%	–
AAPL	Exit	APPLE INCput	$0	–	-73,600	–	-0.00%	–
OCX	Exit	ONCOCYTE CORP	$0	–	-150,000	–	-0.08%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-14,355	–	-0.27%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-155,710	–	-1.38%	–

Q2 2021

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$95,341,000	–	696,125	–	8.82%	–
MSFT	New	MICROSOFT CORP	$82,116,000	–	303,122	–	7.60%	–
AMZN	New	AMAZON COM INC	$68,896,000	–	20,027	–	6.37%	–
GOOGL	New	ALPHABET INCcap stk cl a	$60,703,000	–	24,860	–	5.62%	–
V	New	VISA INC	$51,883,000	–	221,892	–	4.80%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$47,818,000	–	94,788	–	4.42%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$37,685,000	–	64,348	–	3.49%	–
JPM	New	JPMORGAN CHASE & CO	$36,757,000	–	236,316	–	3.40%	–
GOOG	New	ALPHABET INCcap stk cl c	$28,412,000	–	11,336	–	2.63%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$25,993,000	–	114,618	–	2.40%	–
ZTS	New	ZOETIS INCcl a	$25,980,000	–	139,407	–	2.40%	–
PYPL	New	PAYPAL HLDGS INC	$25,895,000	–	88,841	–	2.40%	–
DHR	New	DANAHER CORPORATION	$25,764,000	–	96,004	–	2.38%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$24,419,000	–	87,865	–	2.26%	–
MRK	New	MERCK & CO INC	$24,094,000	–	309,806	–	2.23%	–
GS	New	GOLDMAN SACHS GROUP INC	$22,724,000	–	59,875	–	2.10%	–
NVDA	New	NVIDIA CORPORATION	$18,353,000	–	22,938	–	1.70%	–
DIS	New	DISNEY WALT CO	$18,300,000	–	104,113	–	1.69%	–
QCOM	New	QUALCOMM INC	$17,832,000	–	124,761	–	1.65%	–
HD	New	HOME DEPOT INC	$16,864,000	–	52,883	–	1.56%	–
SYK	New	STRYKER CORPORATION	$16,181,000	–	62,299	–	1.50%	–
VZ	New	VERIZON COMMUNICATIONS INC	$16,147,000	–	288,186	–	1.49%	–
BSX	New	BOSTON SCIENTIFIC CORP	$15,350,000	–	358,987	–	1.42%	–
PFE	New	PFIZER INC	$15,271,000	–	389,955	–	1.41%	–
ATVI	New	ACTIVISION BLIZZARD INC	$14,861,000	–	155,710	–	1.38%	–
COST	New	COSTCO WHSL CORP NEW	$14,641,000	–	37,002	–	1.35%	–
MCK	New	MCKESSON CORP	$13,956,000	–	72,975	–	1.29%	–
ABBV	New	ABBVIE INC	$13,938,000	–	123,742	–	1.29%	–
T	New	AT&T INC	$13,829,000	–	480,514	–	1.28%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$13,817,000	–	73,821	–	1.28%	–
KKR	New	KKR & CO INC	$12,908,000	–	217,885	–	1.19%	–
XLNX	New	XILINX INC	$11,793,000	–	81,535	–	1.09%	–
FB	New	FACEBOOK INCcl a	$11,471,000	–	32,990	–	1.06%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$10,558,000	–	29,789	–	0.98%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$9,907,000	–	50,777	–	0.92%	–
ADI	New	ANALOG DEVICES INC	$9,842,000	–	57,168	–	0.91%	–
BX	New	BLACKSTONE GROUP INC	$9,393,000	–	96,700	–	0.87%	–
GDV	New	GABELLI DIVID & INCOME TR	$6,228,000	–	236,720	–	0.58%	–
CVX	New	CHEVRON CORP NEW	$6,188,000	–	59,083	–	0.57%	–
PEP	New	PEPSICO INC	$6,002,000	–	40,505	–	0.56%	–
JNJ	New	JOHNSON & JOHNSON	$5,412,000	–	32,850	–	0.50%	–
STT	New	STATE STR CORP	$4,653,000	–	56,546	–	0.43%	–
CRM	New	SALESFORCE COM INC	$4,505,000	–	18,441	–	0.42%	–
FTNT	New	FORTINET INC	$4,287,000	–	18,000	–	0.40%	–
BAC	New	BK OF AMERICA CORP	$4,270,000	–	103,564	–	0.40%	–
INFO	New	IHS MARKIT LTD	$3,943,000	–	35,003	–	0.36%	–
NUV	New	NUVEEN MUN VALUE FD INC	$3,771,000	–	327,100	–	0.35%	–
PG	New	PROCTER AND GAMBLE CO	$3,604,000	–	26,712	–	0.33%	–
BA	New	BOEING CO	$3,127,000	–	13,055	–	0.29%	–
MCD	New	MCDONALDS CORP	$3,030,000	–	13,119	–	0.28%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$2,894,000	–	14,355	–	0.27%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$2,777,000	–	11,875	–	0.26%	–
EBAY	New	EBAY INC.	$2,723,000	–	38,787	–	0.25%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$2,704,000	–	12,135	–	0.25%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$2,683,000	–	17,410	–	0.25%	–
BBY	New	BEST BUY INC	$2,398,000	–	20,855	–	0.22%	–
MDT	New	MEDTRONIC PLC	$2,226,000	–	17,935	–	0.21%	–
EIM	New	EATON VANCE MUN BD FD	$2,189,000	–	159,992	–	0.20%	–
INTC	New	INTEL CORP	$2,177,000	–	38,778	–	0.20%	–
GILD	New	GILEAD SCIENCES INC	$2,056,000	–	29,855	–	0.19%	–
SCHW	New	SCHWAB CHARLES CORP	$1,961,000	–	26,930	–	0.18%	–
ABT	New	ABBOTT LABS	$1,861,000	–	16,050	–	0.17%	–
AXP	New	AMERICAN EXPRESS CO	$1,853,000	–	11,213	–	0.17%	–
NEE	New	NEXTERA ENERGY INC	$1,819,000	–	24,822	–	0.17%	–
SBUX	New	STARBUCKS CORP	$1,549,000	–	13,850	–	0.14%	–
DUK	New	DUKE ENERGY CORP NEW	$1,448,000	–	14,663	–	0.13%	–
ORCL	New	ORACLE CORP	$1,075,000	–	13,807	–	0.10%	–
PSLV	New	SPROTT PHYSICAL SILVER TRtr unit	$1,049,000	–	113,000	–	0.10%	–
PHYS	New	SPROTT PHYSICAL GOLD TRunit	$912,000	–	64,980	–	0.08%	–
GO	New	GROCERY OUTLET HLDG CORP	$892,000	–	25,750	–	0.08%	–
OCX	New	ONCOCYTE CORP	$861,000	–	150,000	–	0.08%	–
XOM	New	EXXON MOBIL CORP	$667,000	–	10,572	–	0.06%	–
NAC	New	NUVEEN CA QUALTY MUN INCOME	$602,000	–	37,958	–	0.06%	–
IRDM	New	IRIDIUM COMMUNICATIONS INC	$480,000	–	12,000	–	0.04%	–
CFB	New	CROSSFIRST BANKSHARES INC	$479,000	–	34,835	–	0.04%	–
JPC	New	NUVEEN PFD & INCOME OPPORTUN	$110,000	–	11,000	–	0.01%	–
AAPL	New	APPLE INCput	$12,000	–	73,600	–	0.00%	–
MSFT	New	MICROSOFT CORPput	$2,000	–	35,400	–	0.00%	–
PFE	New	PFIZER INCput	$0	–	53,000	–	0.00%	–
CELGRT	New	BRISTOL-MYERS SQUIBB COright 12/30/2030	$5,000	–	20,000	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
BABA	Exit	ALIBABA GROUP HLDG LTDput	$0	–	-1,800	–	0.00%	–
PM	Exit	PHILIP MORRIS INTL INCput	$0	–	-3,300	–	0.00%	–
MO	Exit	ALTRIA GROUP INCput	$0	–	-8,100	–	0.00%	–
LBTYK	Exit	LIBERTY GLOBAL PLCput	$0	–	-22,000	–	0.00%	–
XOM	Exit	EXXON MOBIL CORPput	$0	–	-9,500	–	0.00%	–
MAR	Exit	MARRIOTT INTL INC NEWput	$0	–	-1,500	–	0.00%	–
PG	Exit	PROCTER AND GAMBLE COput	$0	–	-4,200	–	0.00%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELput	$0	–	-3,800	–	0.00%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LPput	$0	–	-5,400	–	0.00%	–
MSFT	Exit	MICROSOFT CORPput	$0	–	-13,200	–	0.00%	–
ALGN	Exit	ALIGN TECHNOLOGY INCput	$0	–	-5,500	–	0.00%	–
BX	Exit	BLACKSTONE GROUP INCput	$0	–	-3,000	–	0.00%	–
AXP	Exit	AMERICAN EXPRESS COput	$0	–	-2,600	–	0.00%	–
AAPL	Exit	APPLE INCput	$0	–	-31,600	–	0.00%	–
PFE	Exit	PFIZER INCput	$0	–	-9,000	–	0.00%	–
HD	Exit	HOME DEPOT INCput	$0	–	-1,400	–	0.00%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Nput	$0	–	-1,500	–	0.00%	–
BMY	Exit	BRISTOL-MYERS SQUIBB COput	$0	–	-7,500	–	0.00%	–
AMZN	Exit	AMAZON COM INCput	$0	–	-300	–	0.00%	–
UNP	Exit	UNION PAC CORPput	$0	–	-3,000	–	0.00%	–
GOOG	Exit	ALPHABET INCput	$0	–	-600	–	0.00%	–
NUV	Exit	NUVEEN MUN VALUE FD INCput	$0	–	-1,400	–	-0.00%	–
CELGRT	Exit	BRISTOL-MYERS SQUIBB COright 12/30/2030	$0	–	-20,000	–	-0.00%	–
DMLP	Exit	DORCHESTER MINERALS LP	$0	–	-10,500	–	-0.01%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-1,100	–	-0.02%	–
OCX	Exit	ONCOCYTE CORP	$0	–	-150,000	–	-0.02%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-6,169	–	-0.02%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,800	–	-0.03%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-730	–	-0.03%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-1,415	–	-0.03%	–
UN	Exit	UNILEVER N V	$0	–	-4,000	–	-0.03%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-2,680	–	-0.03%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,355	–	-0.03%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-2,171	–	-0.03%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-1,792	–	-0.03%	–
RGLD	Exit	ROYAL GOLD INC	$0	–	-2,200	–	-0.03%	–
LLY	Exit	LILLY ELI & CO	$0	–	-2,069	–	-0.04%	–
IRDM	Exit	IRIDIUM COMMUNICATIONS INC	$0	–	-12,000	–	-0.04%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-502	–	-0.04%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-8,998	–	-0.04%	–
TDOC	Exit	TELADOC HEALTH INC	$0	–	-1,600	–	-0.04%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,500	–	-0.04%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-10,572	–	-0.04%	–
NVS	Exit	NOVARTIS AGsponsored adr	$0	–	-4,199	–	-0.04%	–
ANET	Exit	ARISTA NETWORKS INC	$0	–	-1,910	–	-0.05%	–
WMT	Exit	WALMART INC	$0	–	-3,049	–	-0.05%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-2,101	–	-0.05%	–
KLAC	Exit	KLA CORP	$0	–	-2,460	–	-0.06%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-10,785	–	-0.06%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-4,000	–	-0.06%	–
NFLX	Exit	NETFLIX INC	$0	–	-1,050	–	-0.06%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-8,610	–	-0.06%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-1,723	–	-0.06%	–
NAC	Exit	NUVEEN CA QUALTY MUN INCOME	$0	–	-39,458	–	-0.07%	–
D	Exit	DOMINION ENERGY INC	$0	–	-7,830	–	-0.07%	–
BA	Exit	BOEING CO	$0	–	-3,880	–	-0.08%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-8,400	–	-0.08%	–
CFB	Exit	CROSSFIRST BANKSHARES INC	$0	–	-78,070	–	-0.08%	–
UNP	Exit	UNION PAC CORP	$0	–	-3,551	–	-0.08%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-1,017	–	-0.08%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-5,377	–	-0.09%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-11,243	–	-0.13%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-12,860	–	-0.13%	–
SAP	Exit	SAP SEspon adr	$0	–	-8,035	–	-0.15%	–
MMM	Exit	3M CO	$0	–	-10,089	–	-0.19%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-18,950	–	-0.19%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-5,967	–	-0.19%	–
ORCL	Exit	ORACLE CORP	$0	–	-27,807	–	-0.19%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-23,530	–	-0.20%	–
ABT	Exit	ABBOTT LABS	$0	–	-16,250	–	-0.21%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-17,530	–	-0.21%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-11,020	–	-0.22%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-6,211	–	-0.25%	–
FTNT	Exit	FORTINET INC	$0	–	-18,000	–	-0.25%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-13,005	–	-0.26%	–
EIM	Exit	EATON VANCE MUN BD FD	$0	–	-175,283	–	-0.27%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-7,090	–	-0.27%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-7,227	–	-0.28%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-67,785	–	-0.29%	–
INTC	Exit	INTEL CORP	$0	–	-47,398	–	-0.29%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-17,810	–	-0.30%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-7,750	–	-0.30%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-25,990	–	-0.36%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-127,814	–	-0.36%	–
MCD	Exit	MCDONALDS CORP	$0	–	-14,104	–	-0.36%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-11,420	–	-0.36%	–
GDV	Exit	GABELLI DIVID & INCOME TR	$0	–	-191,550	–	-0.41%	–
NUV	Exit	NUVEEN MUN VALUE FD INC	$0	–	-362,400	–	-0.45%	–
INFO	Exit	IHS MARKIT LTD	$0	–	-54,850	–	-0.50%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-18,392	–	-0.54%	–
BX	Exit	BLACKSTONE GROUP INC	$0	–	-96,700	–	-0.59%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-39,130	–	-0.68%	–
T	Exit	AT&T INC	$0	–	-205,573	–	-0.68%	–
GO	Exit	GROCERY OUTLET HLDG CORP	$0	–	-156,055	–	-0.72%	–
PEP	Exit	PEPSICO INC	$0	–	-47,109	–	-0.76%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-29,184	–	-0.89%	–
KKR	Exit	KKR & CO INC	$0	–	-223,390	–	-0.90%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-95,478	–	-0.90%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-29,556	–	-0.96%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-78,696	–	-1.00%	–
XLNX	Exit	XILINX INC	$0	–	-84,570	–	-1.03%	–
ABBV	Exit	ABBVIE INC	$0	–	-102,146	–	-1.05%	–
DIS	Exit	DISNEY WALT CO	$0	–	-75,159	–	-1.09%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-152,535	–	-1.13%	–
PFE	Exit	PFIZER INC	$0	–	-285,825	–	-1.23%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-54,511	–	-1.28%	–
QCOM	Exit	QUALCOMM INC	$0	–	-95,244	–	-1.31%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-197,524	–	-1.37%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-23,102	–	-1.46%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-62,833	–	-1.53%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-37,520	–	-1.56%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-351,912	–	-1.57%	–
HD	Exit	HOME DEPOT INC	$0	–	-51,877	–	-1.68%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-11,437	–	-1.97%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-92,291	–	-2.13%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-85,777	–	-2.14%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-98,912	–	-2.49%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-235,148	–	-2.65%	–
MRK	Exit	MERCK & CO. INC	$0	–	-285,875	–	-2.77%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-99,138	–	-3.41%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-63,959	–	-3.67%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-24,350	–	-4.17%	–
V	Exit	VISA INC	$0	–	-206,286	–	-4.82%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-95,916	–	-4.95%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-286,774	–	-5.55%	–
AMZN	Exit	AMAZON COM INC	$0	–	-19,894	–	-7.33%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-301,732	–	-7.42%	–
AAPL	Exit	APPLE INC	$0	–	-681,735	–	-9.23%	–

Q3 2020

			Value		Shares		↓ Weighting
AAPL	Buy	APPLE INC	$78,952,000	+27.2%	681,735	+300.6%	9.23%	+8.5%
MSFT	Buy	MICROSOFT CORP	$63,463,000	+3.7%	301,732	+0.3%	7.42%	-11.5%
AMZN	Sell	AMAZON COM INC	$62,641,000	+13.9%	19,894	-0.2%	7.33%	-2.7%
ZTS	Buy	ZOETIS INCcl a	$47,424,000	+144.0%	286,774	+102.2%	5.55%	+108.3%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$42,349,000	+22.3%	95,916	+0.4%	4.95%	+4.4%
V	Buy	VISA INC	$41,251,000	+4.2%	206,286	+0.7%	4.82%	-11.0%
GOOGL	Buy	ALPHABET INCcap stk cl a	$35,687,000	+3.8%	24,350	+0.4%	4.17%	-11.4%
ADBE	Buy	ADOBE SYSTEMS INCORPORATED	$31,367,000	+13.3%	63,959	+0.5%	3.67%	-3.3%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$29,145,000	+41.2%	99,138	+3.6%	3.41%	+20.5%
MRK	Buy	MERCK & CO. INC	$23,713,000	+23.5%	285,875	+15.2%	2.77%	+5.4%
JPM	Buy	JPMORGAN CHASE & CO	$22,638,000	+3.0%	235,148	+0.6%	2.65%	-12.1%
DHR	Buy	DANAHER CORPORATION	$21,299,000	+23.0%	98,912	+1.0%	2.49%	+5.0%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$18,265,000	+21.2%	85,777	+1.6%	2.14%	+3.4%
PYPL	Buy	PAYPAL HLDGS INC	$18,184,000	+27.0%	92,291	+12.3%	2.13%	+8.5%
GOOG	Buy	ALPHABET INCcap stk cl c	$16,808,000	+4.1%	11,437	+0.1%	1.97%	-11.2%
HD	Sell	HOME DEPOT INC	$14,407,000	+10.8%	51,877	-0.0%	1.68%	-5.4%
BSX	Buy	BOSTON SCIENTIFIC CORP	$13,447,000	+9.5%	351,912	+0.6%	1.57%	-6.5%
COST	Buy	COSTCO WHSL CORP NEW	$13,320,000	+17.5%	37,520	+0.4%	1.56%	+0.3%
SYK	Sell	STRYKER CORPORATION	$13,093,000	+15.6%	62,833	-0.0%	1.53%	-1.3%
NVDA	Sell	NVIDIA CORPORATION	$12,503,000	+41.5%	23,102	-0.6%	1.46%	+20.8%
VZ	Buy	VERIZON COMMUNICATIONS INC	$11,751,000	+17.2%	197,524	+8.6%	1.37%	0.0%
QCOM	Buy	QUALCOMM INC	$11,208,000	+86.4%	95,244	+44.4%	1.31%	+59.1%
GS	Buy	GOLDMAN SACHS GROUP INC	$10,955,000	+6.8%	54,511	+5.0%	1.28%	-8.9%
PFE	Buy	PFIZER INC	$10,490,000	+19.5%	285,825	+6.5%	1.23%	+2.0%
GILD	Buy	GILEAD SCIENCES INC	$9,639,000	-12.7%	152,535	+6.3%	1.13%	-25.5%
DIS	Buy	DISNEY WALT CO	$9,326,000	+13.2%	75,159	+1.7%	1.09%	-3.4%
ABBV	Buy	ABBVIE INC	$8,947,000	-4.0%	102,146	+7.6%	1.05%	-18.1%
XLNX	Buy	XILINX INC	$8,816,000	+119.6%	84,570	+107.2%	1.03%	+87.5%
FRC	Sell	FIRST REP BK SAN FRANCISCO C	$8,583,000	-11.7%	78,696	-14.2%	1.00%	-24.6%
QQQ	Buy	INVESCO QQQ TRunit ser 1	$8,212,000	+15.3%	29,556	+2.7%	0.96%	-1.6%
ATVI	New	ACTIVISION BLIZZARD INC	$7,729,000	–	95,478	–	0.90%	–
KKR	Sell	KKR & CO INC	$7,671,000	+10.9%	223,390	-0.3%	0.90%	-5.4%
FB	Sell	FACEBOOK INCcl a	$7,643,000	-5.0%	29,184	-17.6%	0.89%	-18.9%
PEP	Buy	PEPSICO INC	$6,529,000	+6.4%	47,109	+1.5%	0.76%	-9.2%
GO	Buy	GROCERY OUTLET HLDG CORP	$6,136,000	-0.3%	156,055	+3.5%	0.72%	-14.8%
T	Buy	AT&T INC	$5,861,000	+0.6%	205,573	+6.6%	0.68%	-14.2%
JNJ	Buy	JOHNSON & JOHNSON	$5,826,000	+22.8%	39,130	+16.0%	0.68%	+4.8%
BX	Buy	BLACKSTONE GROUP INC	$5,048,000	-7.3%	96,700	+0.6%	0.59%	-20.9%
CRM	Buy	SALESFORCE COM INC	$4,622,000	+37.5%	18,392	+2.5%	0.54%	+17.4%
INFO	Sell	IHS MARKIT LTD	$4,306,000	-2.3%	54,850	-6.0%	0.50%	-16.6%
GDV	Sell	GABELLI DIVID & INCOME TR	$3,515,000	+3.0%	191,550	-1.2%	0.41%	-12.2%
VRTX	Buy	VERTEX PHARMACEUTICALS INC	$3,108,000	+0.6%	11,420	+7.3%	0.36%	-14.2%
MCD	Sell	MCDONALDS CORP	$3,096,000	+17.9%	14,104	-0.9%	0.36%	+0.6%
BAC	Sell	BK OF AMERICA CORP	$3,079,000	-24.5%	127,814	-25.6%	0.36%	-35.6%
ADI	New	ANALOG DEVICES INC	$3,034,000	–	25,990	–	0.36%	–
SCHW	Sell	SCHWAB CHARLES CORP	$2,456,000	+6.1%	67,785	-1.2%	0.29%	-9.5%
INTC	Sell	INTEL CORP	$2,454,000	-23.3%	47,398	-11.4%	0.29%	-34.6%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$2,420,000	+7.3%	7,227	-1.2%	0.28%	-8.4%
EIM	Sell	EATON VANCE MUN BD FD	$2,308,000	+1.5%	175,283	-2.0%	0.27%	-13.5%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$2,215,000	+4.0%	13,005	-4.4%	0.26%	-11.3%
MA	Buy	MASTERCARD INCORPORATEDcl a	$2,100,000	+14.7%	6,211	+0.3%	0.25%	-2.0%
CCI	Buy	CROWN CASTLE INTL CORP NEW	$1,835,000	+6.7%	11,020	+7.2%	0.22%	-8.9%
MDT	Sell	MEDTRONIC PLC	$1,822,000	+11.0%	17,530	-2.1%	0.21%	-5.3%
CVX	Sell	CHEVRON CORP NEW	$1,694,000	-60.7%	23,530	-51.3%	0.20%	-66.4%
ORCL	Buy	ORACLE CORP	$1,660,000	+89.9%	27,807	+75.9%	0.19%	+61.7%
NEE	Sell	NEXTERA ENERGY INC	$1,656,000	+15.3%	5,967	-0.2%	0.19%	-1.5%
SBUX	Sell	STARBUCKS CORP	$1,628,000	-45.2%	18,950	-53.1%	0.19%	-53.3%
DUK	Buy	DUKE ENERGY CORP NEW	$1,139,000	+11.0%	12,860	+0.2%	0.13%	-5.7%
PG	Buy	PROCTER AND GAMBLE CO	$747,000	+19.5%	5,377	+2.9%	0.09%	+1.2%
ISRG	Sell	INTUITIVE SURGICAL INC	$722,000	-24.6%	1,017	-39.5%	0.08%	-35.9%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$519,000	-11.9%	8,610	-14.0%	0.06%	-24.7%
CMCSA	Sell	COMCAST CORP NEWcl a	$499,000	-85.7%	10,785	-88.0%	0.06%	-87.9%
XOM	Sell	EXXON MOBIL CORP	$363,000	-24.7%	10,572	-1.9%	0.04%	-36.4%
MAR	Buy	MARRIOTT INTL INC NEWcl a	$248,000	+21.6%	2,680	+12.6%	0.03%	+3.6%
IJH	New	ISHARES TRcore s&p mcp etf	$204,000	–	1,100	–	0.02%	–
NUV	New	NUVEEN MUN VALUE FD INCput	$7,000	–	1,400	–	0.00%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELput	$0	–	3,800	–	0.00%	–
MSFT	Buy	MICROSOFT CORPput	$2,000	+100.0%	13,200	+65.0%	0.00%	–
AAPL	Buy	APPLE INCput	$0	-100.0%	31,600	+351.4%	0.00%	–
LBTYK	New	LIBERTY GLOBAL PLCput	$1,000	–	22,000	–	0.00%	–
MAR	New	MARRIOTT INTL INC NEWput	$4,000	–	1,500	–	0.00%	–
LBTYA	Exit	LIBERTY GLOBAL PLCput	$0	–	-22,000	–	0.00%	–
PG	New	PROCTER AND GAMBLE COput	$1,000	–	4,200	–	0.00%	–
XOM	Sell	EXXON MOBIL CORPput	$2,000	+100.0%	9,500	-2.1%	0.00%	–
NVDA	Exit	NVIDIA CORPORATIONput	$0	–	-1,400	–	0.00%	–
CDNA	Exit	CAREDX INC	$0	–	-6,000	–	-0.03%	–
PRNB	Exit	PRINCIPIA BIOPHARMA INC	$0	–	-19,000	–	-0.16%	–

Q2 2020

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$62,080,000	–	170,176	–	8.51%	–
MSFT	New	MICROSOFT CORP	$61,224,000	–	300,838	–	8.39%	–
AMZN	New	AMAZON COM INC	$54,975,000	–	19,927	–	7.53%	–
V	New	VISA INC	$39,580,000	–	204,895	–	5.42%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$34,626,000	–	95,563	–	4.74%	–
GOOGL	New	ALPHABET INCcap stk cl a	$34,393,000	–	24,254	–	4.71%	–
ADBE	New	ADOBE INC	$27,692,000	–	63,615	–	3.79%	–
JPM	New	JPMORGAN CHASE & CO	$21,976,000	–	233,634	–	3.01%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$20,641,000	–	95,691	–	2.83%	–
ZTS	New	ZOETIS INCcl a	$19,436,000	–	141,826	–	2.66%	–
MRK	New	MERCK & CO. INC	$19,194,000	–	248,204	–	2.63%	–
DHR	New	DANAHER CORPORATION	$17,322,000	–	97,956	–	2.37%	–
GOOG	New	ALPHABET INCcap stk cl c	$16,149,000	–	11,424	–	2.21%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$15,076,000	–	84,452	–	2.07%	–
PYPL	New	PAYPAL HLDGS INC	$14,313,000	–	82,148	–	1.96%	–
HD	New	HOME DEPOT INC	$13,001,000	–	51,899	–	1.78%	–
BSX	New	BOSTON SCIENTIFIC CORP	$12,280,000	–	349,749	–	1.68%	–
COST	New	COSTCO WHSL CORP NEW	$11,334,000	–	37,380	–	1.55%	–
SYK	New	STRYKER CORPORATION	$11,323,000	–	62,842	–	1.55%	–
GILD	New	GILEAD SCIENCES INC	$11,036,000	–	143,435	–	1.51%	–
GS	New	GOLDMAN SACHS GROUP INC	$10,259,000	–	51,911	–	1.41%	–
VZ	New	VERIZON COMMUNICATIONS INC	$10,029,000	–	181,913	–	1.37%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$9,723,000	–	91,734	–	1.33%	–
ABBV	New	ABBVIE INC	$9,321,000	–	94,936	–	1.28%	–
NVDA	New	NVIDIA CORPORATION	$8,833,000	–	23,249	–	1.21%	–
PFE	New	PFIZER INC	$8,778,000	–	268,447	–	1.20%	–
DIS	New	DISNEY WALT CO	$8,239,000	–	73,884	–	1.13%	–
FB	New	FACEBOOK INCcl a	$8,045,000	–	35,431	–	1.10%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$7,125,000	–	28,776	–	0.98%	–
KKR	New	KKR & CO INC	$6,918,000	–	224,040	–	0.95%	–
GO	New	GROCERY OUTLET HLDG CORP	$6,154,000	–	150,840	–	0.84%	–
PEP	New	PEPSICO INC	$6,139,000	–	46,419	–	0.84%	–
QCOM	New	QUALCOMM INC	$6,014,000	–	65,937	–	0.82%	–
T	New	AT&T INC	$5,827,000	–	192,764	–	0.80%	–
BX	New	BLACKSTONE GROUP INC	$5,445,000	–	96,100	–	0.75%	–
JNJ	New	JOHNSON & JOHNSON	$4,743,000	–	33,725	–	0.65%	–
INFO	New	IHS MARKIT LTD	$4,407,000	–	58,366	–	0.60%	–
CVX	New	CHEVRON CORP NEW	$4,309,000	–	48,295	–	0.59%	–
BAC	New	BK OF AMERICA CORP	$4,079,000	–	171,749	–	0.56%	–
XLNX	New	XILINX INC	$4,015,000	–	40,810	–	0.55%	–
NUV	New	NUVEEN MUN VALUE FD INC	$3,696,000	–	362,400	–	0.51%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,489,000	–	89,507	–	0.48%	–
GDV	New	GABELLI DIVID & INCOME TR	$3,412,000	–	193,850	–	0.47%	–
CRM	New	SALESFORCE COM INC	$3,361,000	–	17,942	–	0.46%	–
INTC	New	INTEL CORP	$3,201,000	–	53,498	–	0.44%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$3,090,000	–	10,644	–	0.42%	–
SBUX	New	STARBUCKS CORP	$2,973,000	–	40,400	–	0.41%	–
MCD	New	MCDONALDS CORP	$2,626,000	–	14,237	–	0.36%	–
FTNT	New	FORTINET INC	$2,471,000	–	18,000	–	0.34%	–
IVV	New	ISHARES TRcore s&p500 etf	$2,400,000	–	7,750	–	0.33%	–
SCHW	New	SCHWAB CHARLES CORP	$2,315,000	–	68,620	–	0.32%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$2,291,000	–	17,810	–	0.31%	–
EIM	New	EATON VANCE MUN BD FD	$2,274,000	–	178,783	–	0.31%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$2,255,000	–	7,312	–	0.31%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$2,130,000	–	13,605	–	0.29%	–
ALGN	New	ALIGN TECHNOLOGY INC	$1,946,000	–	7,090	–	0.27%	–
MA	New	MASTERCARD INCORPORATEDcl a	$1,831,000	–	6,191	–	0.25%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$1,720,000	–	10,279	–	0.24%	–
MDT	New	MEDTRONIC PLC	$1,641,000	–	17,900	–	0.22%	–
MMM	New	3M CO	$1,574,000	–	10,089	–	0.22%	–
ABT	New	ABBOTT LABS	$1,486,000	–	16,250	–	0.20%	–
NEE	New	NEXTERA ENERGY INC	$1,436,000	–	5,978	–	0.20%	–
PRNB	New	PRINCIPIA BIOPHARMA INC	$1,136,000	–	19,000	–	0.16%	–
SAP	New	SAP SEspon adr	$1,125,000	–	8,035	–	0.15%	–
AXP	New	AMERICAN EXPRESS CO	$1,070,000	–	11,243	–	0.15%	–
DUK	New	DUKE ENERGY CORP NEW	$1,026,000	–	12,840	–	0.14%	–
ISRG	New	INTUITIVE SURGICAL INC	$958,000	–	1,681	–	0.13%	–
ORCL	New	ORACLE CORP	$874,000	–	15,807	–	0.12%	–
CFB	New	CROSSFIRST BANKSHARES INC	$764,000	–	78,070	–	0.10%	–
BA	New	BOEING CO	$711,000	–	3,880	–	0.10%	–
NTRS	New	NORTHERN TR CORP	$666,000	–	8,400	–	0.09%	–
D	New	DOMINION ENERGY INC	$636,000	–	7,830	–	0.09%	–
PG	New	PROCTER AND GAMBLE CO	$625,000	–	5,227	–	0.09%	–
UNP	New	UNION PAC CORP	$600,000	–	3,551	–	0.08%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$589,000	–	10,010	–	0.08%	–
NAC	New	NUVEEN CA QUALTY MUN INCOME	$563,000	–	39,458	–	0.08%	–
TROW	New	PRICE T ROWE GROUP INC	$494,000	–	4,000	–	0.07%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$480,000	–	1,723	–	0.07%	–
XOM	New	EXXON MOBIL CORP	$482,000	–	10,772	–	0.07%	–
KLAC	New	KLA CORP	$478,000	–	2,460	–	0.06%	–
NFLX	New	NETFLIX INC	$478,000	–	1,050	–	0.06%	–
ANET	New	ARISTA NETWORKS INC	$401,000	–	1,910	–	0.06%	–
IWF	New	ISHARES TRrus 1000 grw etf	$403,000	–	2,101	–	0.06%	–
WMT	New	WALMART INC	$365,000	–	3,049	–	0.05%	–
NVS	New	NOVARTIS AGsponsored adr	$367,000	–	4,199	–	0.05%	–
BDX	New	BECTON DICKINSON & CO	$359,000	–	1,500	–	0.05%	–
MO	New	ALTRIA GROUP INC	$353,000	–	8,998	–	0.05%	–
LLY	New	LILLY ELI & CO	$340,000	–	2,069	–	0.05%	–
IRDM	New	IRIDIUM COMMUNICATIONS INC	$305,000	–	12,000	–	0.04%	–
TDOC	New	TELADOC HEALTH INC	$305,000	–	1,600	–	0.04%	–
OCX	New	ONCOCYTE CORP	$287,000	–	150,000	–	0.04%	–
RGLD	New	ROYAL GOLD INC	$274,000	–	2,200	–	0.04%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$266,000	–	6,169	–	0.04%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$256,000	–	502	–	0.04%	–
IWD	New	ISHARES TRrus 1000 val etf	$244,000	–	2,171	–	0.03%	–
PM	New	PHILIP MORRIS INTL INC	$235,000	–	3,355	–	0.03%	–
TXN	New	TEXAS INSTRS INC	$228,000	–	1,792	–	0.03%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$217,000	–	1,800	–	0.03%	–
UN	New	UNILEVER N V	$213,000	–	4,000	–	0.03%	–
CDNA	New	CAREDX INC	$213,000	–	6,000	–	0.03%	–
HON	New	HONEYWELL INTL INC	$205,000	–	1,415	–	0.03%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$204,000	–	2,380	–	0.03%	–
VOO	New	VANGUARD INDEX FDS	$207,000	–	730	–	0.03%	–
DMLP	New	DORCHESTER MINERALS LP	$134,000	–	10,500	–	0.02%	–
CELGRT	New	BRISTOL-MYERS SQUIBB COright 12/30/2030	$8,000	–	20,000	–	0.00%	–
CHTR	New	CHARTER COMMUNICATIONS INC Nput	$0	–	1,500	–	0.00%	–
UNP	New	UNION PAC CORPput	$0	–	3,000	–	0.00%	–
NVDA	New	NVIDIA CORPORATIONput	$0	–	1,400	–	0.00%	–
AMZN	New	AMAZON COM INCput	$0	–	300	–	0.00%	–
MO	New	ALTRIA GROUP INCput	$0	–	8,100	–	0.00%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LPput	$0	–	5,400	–	0.00%	–
GOOG	New	ALPHABET INCput	$2,000	–	600	–	0.00%	–
ALGN	New	ALIGN TECHNOLOGY INCput	$0	–	5,500	–	0.00%	–
BABA	New	ALIBABA GROUP HLDG LTDput	$0	–	1,800	–	0.00%	–
LBTYA	New	LIBERTY GLOBAL PLCput	$0	–	22,000	–	0.00%	–
BMY	New	BRISTOL-MYERS SQUIBB COput	$0	–	7,500	–	0.00%	–
MSFT	New	MICROSOFT CORPput	$1,000	–	8,000	–	0.00%	–
XOM	New	EXXON MOBIL CORPput	$1,000	–	9,700	–	0.00%	–
HD	New	HOME DEPOT INCput	$0	–	1,400	–	0.00%	–
PM	New	PHILIP MORRIS INTL INCput	$0	–	3,300	–	0.00%	–
BX	New	BLACKSTONE GROUP INCput	$0	–	3,000	–	0.00%	–
PFE	New	PFIZER INCput	$0	–	9,000	–	0.00%	–
AAPL	New	APPLE INCput	$1,000	–	7,000	–	0.00%	–
AXP	New	AMERICAN EXPRESS COput	$0	–	2,600	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
VTR	Exit	VENTAS INCput	$0	–	-4,500	–	0.00%	–
LBTYK	Exit	LIBERTY GLOBAL PLCput	$0	–	-12,100	–	0.00%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEWput	$0	–	-5,400	–	0.00%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LPput	$0	–	-1,500	–	0.00%	–
PG	Exit	PROCTER & GAMBLE COput	$0	–	-3,400	–	0.00%	–
BMY	Exit	BRISTOL MYERS SQUIBB COput	$0	–	-7,500	–	0.00%	–
AXP	Exit	AMERICAN EXPRESS COput	$0	–	-2,600	–	0.00%	–
XOM	Exit	EXXON MOBIL CORPput	$0	–	-6,600	–	0.00%	–
FWONK	Exit	LIBERTY MEDIA CORP DELAWAREput	$0	–	-11,000	–	0.00%	–
SCHW	Exit	THE CHARLES SCHWAB CORPORATIput	$0	–	-7,000	–	0.00%	–
ALGN	Exit	ALIGN TECHNOLOGY INCput	$0	–	-5,500	–	-0.00%	–
PFE	Exit	PFIZER INCput	$0	–	-6,300	–	-0.00%	–
MSFT	Exit	MICROSOFT CORPput	$0	–	-6,200	–	-0.00%	–
FWONK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-330	–	-0.00%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-551	–	-0.00%	–
OCX	Exit	ONCOCYTE CORPORATION	$0	–	-80,000	–	-0.03%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-1,411	–	-0.03%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-549	–	-0.04%	–
LLY	Exit	LILLY ELI & CO	$0	–	-2,069	–	-0.04%	–
ENB	Exit	ENBRIDGE INC	$0	–	-6,666	–	-0.04%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-1,792	–	-0.04%	–
ABBV	Exit	ABBVIE INC	$0	–	-3,150	–	-0.04%	–
UN	Exit	UNILEVER N V	$0	–	-4,000	–	-0.04%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-1,309	–	-0.04%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,420	–	-0.04%	–
IRDM	Exit	IRIDIUM COMMUNICATIONS INC	$0	–	-12,000	–	-0.04%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,800	–	-0.04%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-20,200	–	-0.04%	–
RGLD	Exit	ROYAL GOLD INC	$0	–	-2,200	–	-0.04%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-3,069	–	-0.04%	–
NFLX	Exit	NETFLIX INC	$0	–	-1,050	–	-0.04%	–
WMT	Exit	WALMART INC	$0	–	-2,392	–	-0.04%	–
SIX	Exit	SIX FLAGS ENTMT CORP NEW	$0	–	-6,000	–	-0.05%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-1,468	–	-0.05%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-1,829	–	-0.05%	–
IWD	Exit	ISHARES TRrus 1000 val etf	$0	–	-2,516	–	-0.05%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-9,650	–	-0.05%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-2,095	–	-0.05%	–
VTR	Exit	VENTAS INC	$0	–	-4,830	–	-0.06%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-8,998	–	-0.06%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-7,250	–	-0.06%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-1,729	–	-0.06%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,500	–	-0.06%	–
KLAC	Exit	KLA CORPORATION	$0	–	-2,460	–	-0.06%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-6,169	–	-0.06%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-8,110	–	-0.06%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-2,540	–	-0.06%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-4,000	–	-0.07%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-10,000	–	-0.08%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-3,551	–	-0.09%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRUSTunit	$0	–	-50,000	–	-0.09%	–
QCOM	Exit	QUALCOMM INC	$0	–	-8,145	–	-0.10%	–
MLM	Exit	MARTIN MARIETTA MATLS INC	$0	–	-2,325	–	-0.10%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-5,320	–	-0.10%	–
NAC	Exit	NUVEEN CA QUALTY MUN INCOME	$0	–	-44,358	–	-0.10%	–
PRNB	Exit	PRINCIPIA BIOPHARMA INC	$0	–	-24,000	–	-0.11%	–
SAP	Exit	SAP SEspon adr	$0	–	-5,864	–	-0.11%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-24,635	–	-0.11%	–
CTVA	Exit	CORTEVA INC	$0	–	-25,697	–	-0.11%	–
D	Exit	DOMINION ENERGY INC	$0	–	-9,678	–	-0.12%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-432	–	-0.13%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-9,700	–	-0.14%	–
DMLP	Exit	DORCHESTER MINERALS LP	$0	–	-52,500	–	-0.15%	–
ORCL	Exit	ORACLE CORP	$0	–	-19,207	–	-0.16%	–
PEP	Exit	PEPSICO INC	$0	–	-8,235	–	-0.18%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-16,231	–	-0.18%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-7,090	–	-0.20%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-9,569	–	-0.21%	–
FTNT	Exit	FORTINET INC	$0	–	-18,000	–	-0.22%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-19,997	–	-0.22%	–
ABT	Exit	ABBOTT LABS	$0	–	-17,150	–	-0.22%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-6,231	–	-0.23%	–
BLK	Exit	BLACKROCK INC	$0	–	-3,657	–	-0.25%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-5,999	–	-0.25%	–
DOW	Exit	DOW INC	$0	–	-35,851	–	-0.27%	–
NVDA	Exit	NVIDIA CORP	$0	–	-10,105	–	-0.27%	–
MMM	Exit	3M CO	$0	–	-11,339	–	-0.29%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-6,330	–	-0.29%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-20,317	–	-0.30%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-3,660	–	-0.31%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-13,605	–	-0.32%	–
BSM	Exit	BLACK STONE MINERALS L P	$0	–	-156,150	–	-0.35%	–
EIM	Exit	EATON VANCE MUN BD FD	$0	–	-183,843	–	-0.37%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-19,510	–	-0.38%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-8,450	–	-0.39%	–
INTC	Exit	INTEL CORP	$0	–	-55,098	–	-0.44%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-66,460	–	-0.47%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-26,540	–	-0.53%	–
MCD	Exit	MCDONALDS CORP	$0	–	-18,474	–	-0.62%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-33,931	–	-0.62%	–
ANET	Exit	ARISTA NETWORKS INC	$0	–	-17,671	–	-0.66%	–
NUV	Exit	NUVEEN MUN VALUE FD INC	$0	–	-404,250	–	-0.66%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-26,520	–	-0.69%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-29,891	–	-0.69%	–
SCHW	Exit	THE CHARLES SCHWAB CORPORATI	$0	–	-113,449	–	-0.74%	–
GDV	Exit	GABELLI DIVD & INCOME TR	$0	–	-222,000	–	-0.74%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-27,602	–	-0.81%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-86,561	–	-0.81%	–
EOG	Exit	EOG RES INC	$0	–	-73,646	–	-0.85%	–
INFO	Exit	IHS MARKIT LTD	$0	–	-82,801	–	-0.86%	–
KKR	Exit	KKR & CO INCcl a	$0	–	-219,990	–	-0.92%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-34,214	–	-0.95%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-71,643	–	-0.99%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-56,409	–	-1.04%	–
BX	Exit	BLACKSTONE GROUP INC	$0	–	-144,450	–	-1.10%	–
T	Exit	AT&T INC	$0	–	-196,594	–	-1.16%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-75,624	–	-1.22%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-32,215	–	-1.44%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-96,352	–	-1.45%	–
PFE	Exit	PFIZER INC	$0	–	-270,194	–	-1.51%	–
HD	Exit	HOME DEPOT INC	$0	–	-47,442	–	-1.71%	–
BAC	Exit	BANK AMER CORP	$0	–	-398,190	–	-1.81%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-61,353	–	-1.99%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-64,171	–	-2.07%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-11,856	–	-2.25%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-101,266	–	-2.28%	–
DIS	Exit	DISNEY WALT CO	$0	–	-118,943	–	-2.41%	–
SYK	Exit	STRYKER CORP	$0	–	-73,563	–	-2.48%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-411,691	–	-2.61%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-136,188	–	-2.64%	–
BA	Exit	BOEING CO	$0	–	-44,769	–	-2.65%	–
ADBE	Exit	ADOBE INC	$0	–	-69,290	–	-2.98%	–
MRK	Exit	MERCK & CO INC	$0	–	-242,909	–	-3.18%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-236,193	–	-4.33%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-100,201	–	-4.54%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-26,037	–	-4.95%	–
AMZN	Exit	AMAZON COM INC	$0	–	-21,167	–	-5.72%	–
V	Exit	VISA INC	$0	–	-215,465	–	-5.77%	–
AAPL	Exit	APPLE INC	$0	–	-176,835	–	-6.16%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-296,895	–	-6.42%	–

Q3 2019

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$41,277,000	+2.8%	296,895	-0.9%	6.42%	+4.0%
AAPL	Sell	APPLE INC	$39,606,000	+13.1%	176,835	-0.0%	6.16%	+14.4%
V	Sell	VISA INC	$37,062,000	-2.2%	215,465	-1.3%	5.77%	-1.1%
AMZN	Sell	AMAZON COM INC	$36,744,000	-9.1%	21,167	-0.9%	5.72%	-8.1%
GOOGL	Buy	ALPHABET INCcap stk cl a	$31,795,000	+16.0%	26,037	+2.9%	4.95%	+17.3%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$29,186,000	-1.5%	100,201	-0.7%	4.54%	-0.4%
JPM	Sell	JPMORGAN CHASE & CO	$27,798,000	+4.2%	236,193	-1.1%	4.33%	+5.3%
MRK	Buy	MERCK & CO INC	$20,448,000	+0.9%	242,909	+0.5%	3.18%	+2.1%
ADBE	Sell	ADOBE INC	$19,141,000	-7.0%	69,290	-0.8%	2.98%	-5.9%
BA	Sell	BOEING CO	$17,033,000	-2.1%	44,769	-6.4%	2.65%	-1.0%
ZTS	Buy	ZOETIS INCcl a	$16,968,000	+29.4%	136,188	+17.9%	2.64%	+30.9%
BSX	Sell	BOSTON SCIENTIFIC CORP	$16,752,000	-6.7%	411,691	-1.5%	2.61%	-5.7%
SYK	Sell	STRYKER CORP	$15,912,000	+2.8%	73,563	-2.3%	2.48%	+3.9%
DIS	Sell	DISNEY WALT CO	$15,501,000	-7.1%	118,943	-0.5%	2.41%	-6.1%
DHR	Buy	DANAHER CORPORATION	$14,626,000	+1.5%	101,266	+0.4%	2.28%	+2.6%
GOOG	Buy	ALPHABET INCcap stk cl c	$14,452,000	+14.2%	11,856	+1.3%	2.25%	+15.5%
GS	Buy	GOLDMAN SACHS GROUP INC	$13,298,000	+16.4%	64,171	+15.0%	2.07%	+17.7%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$12,763,000	+1.1%	61,353	+3.6%	1.99%	+2.2%
BAC	Sell	BANK AMER CORP	$11,615,000	-0.9%	398,190	-1.4%	1.81%	+0.3%
HD	Sell	HOME DEPOT INC	$11,007,000	+1.4%	47,442	-9.1%	1.71%	+2.5%
PFE	Sell	PFIZER INC	$9,708,000	-50.2%	270,194	-39.9%	1.51%	-49.6%
FRC	Sell	FIRST REP BK SAN FRANCISCO C	$9,317,000	-15.2%	96,352	-14.4%	1.45%	-14.3%
COST	Sell	COSTCO WHSL CORP NEW	$9,281,000	+5.4%	32,215	-3.3%	1.44%	+6.6%
PYPL	Buy	PAYPAL HLDGS INC	$7,834,000	-8.0%	75,624	+1.7%	1.22%	-6.9%
T	Buy	AT&T INC	$7,439,000	+283.3%	196,594	+239.3%	1.16%	+287.3%
BX	New	BLACKSTONE GROUP INC	$7,055,000	–	144,450	–	1.10%	–
CVX	Sell	CHEVRON CORP NEW	$6,690,000	-7.0%	56,409	-2.4%	1.04%	-6.0%
SBUX	Buy	STARBUCKS CORP	$6,335,000	+5.6%	71,643	+0.1%	0.99%	+6.7%
FB	Buy	FACEBOOK INCcl a	$6,093,000	+10.0%	34,214	+19.2%	0.95%	+11.1%
KKR	Buy	KKR & CO INCcl a	$5,907,000	+16.5%	219,990	+9.7%	0.92%	+17.8%
INFO	Sell	IHS MARKIT LTD	$5,538,000	+1.8%	82,801	-3.0%	0.86%	+3.0%
EOG	Sell	EOG RES INC	$5,466,000	-48.9%	73,646	-35.9%	0.85%	-48.3%
VZ	Buy	VERIZON COMMUNICATIONS INC	$5,225,000	+16.0%	86,561	+9.8%	0.81%	+17.3%
QQQ	Buy	INVESCO QQQ TRunit ser 1	$5,212,000	+2.8%	27,602	+1.7%	0.81%	+4.0%
GDV	Sell	GABELLI DIVD & INCOME TR	$4,775,000	-3.0%	222,000	-2.3%	0.74%	-2.0%
SCHW	Sell	THE CHARLES SCHWAB CORPORATI	$4,746,000	-42.2%	113,449	-44.5%	0.74%	-41.5%
CRM	Buy	SALESFORCE COM INC	$4,437,000	-1.5%	29,891	+0.7%	0.69%	-0.3%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$4,435,000	+79.8%	26,520	+82.2%	0.69%	+81.6%
NUV	Sell	NUVEEN MUN VALUE FD INC	$4,249,000	-1.6%	404,250	-4.6%	0.66%	-0.5%
ANET	Buy	ARISTA NETWORKS INC	$4,222,000	+8.6%	17,671	+18.0%	0.66%	+9.9%
AXP	Buy	AMERICAN EXPRESS CO	$4,013,000	+41.3%	33,931	+47.5%	0.62%	+43.0%
MCD	Sell	MCDONALDS CORP	$3,967,000	-10.4%	18,474	-13.3%	0.62%	-9.4%
JNJ	Sell	JOHNSON & JOHNSON	$3,434,000	-13.3%	26,540	-6.7%	0.53%	-12.5%
CMCSA	Sell	COMCAST CORP NEWcl a	$2,996,000	+5.6%	66,460	-1.0%	0.47%	+6.6%
INTC	Buy	INTEL CORP	$2,839,000	+9.2%	55,098	+1.5%	0.44%	+10.5%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$2,424,000	-2.8%	19,510	-9.3%	0.38%	-1.8%
EIM	Sell	EATON VANCE MUN BD FD	$2,383,000	+0.9%	183,843	-3.2%	0.37%	+2.2%
BSM	Buy	BLACK STONE MINERALS L P	$2,224,000	-5.1%	156,150	+3.3%	0.35%	-4.2%
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$2,054,000	+5.9%	13,605	+5.3%	0.32%	+7.0%
ISRG	Sell	INTUITIVE SURGICAL INC	$1,976,000	-1.0%	3,660	-3.8%	0.31%	+0.3%
DUK	Buy	DUKE ENERGY CORP NEW	$1,948,000	+12.9%	20,317	+3.9%	0.30%	+13.9%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$1,879,000	+9.4%	6,330	+8.0%	0.29%	+10.6%
MMM	Sell	3M CO	$1,864,000	-13.0%	11,339	-8.2%	0.29%	-12.1%
NVDA	Buy	NVIDIA CORP	$1,759,000	+7.6%	10,105	+1.5%	0.27%	+8.7%
DOW	Buy	DOW INC	$1,708,000	+70.8%	35,851	+76.8%	0.27%	+72.7%
BLK	Buy	BLACKROCK INC	$1,630,000	+0.1%	3,657	+5.4%	0.25%	+1.2%
MA	Buy	MASTERCARD INCcl a	$1,629,000	+5.4%	5,999	+2.6%	0.25%	+6.7%
NEE	Sell	NEXTERA ENERGY INC	$1,452,000	-0.2%	6,231	-12.3%	0.23%	+0.9%
DD	Sell	DUPONT DE NEMOURS INC	$1,426,000	-8.1%	19,997	-3.3%	0.22%	-7.1%
ALGN	Buy	ALIGN TECHNOLOGY INC	$1,283,000	+200.5%	7,090	+354.5%	0.20%	+203.0%
XOM	Buy	EXXON MOBIL CORP	$1,146,000	+73.4%	16,231	+88.1%	0.18%	+74.5%
PEP	Sell	PEPSICO INC	$1,129,000	-3.7%	8,235	-7.8%	0.18%	-2.2%
ORCL	Buy	ORACLE CORP	$1,057,000	-1.3%	19,207	+2.1%	0.16%	0.0%
BKNG	Sell	BOOKING HLDGS INC	$848,000	-10.9%	432	-15.0%	0.13%	-10.2%
D	Buy	DOMINION ENERGY INC	$784,000	+31.8%	9,678	+25.7%	0.12%	+32.6%
CTVA	Buy	CORTEVA INC	$720,000	+18.8%	25,697	+25.5%	0.11%	+20.4%
EPD	Sell	ENTERPRISE PRODS PARTNERS L	$704,000	-4.9%	24,635	-3.9%	0.11%	-3.5%
PRNB	New	PRINCIPIA BIOPHARMA INC	$678,000	–	24,000	–	0.11%	–
NAC	Buy	NUVEEN CA QUALTY MUN INCOME	$665,000	+16.7%	44,358	+12.7%	0.10%	+18.2%
PG	Buy	PROCTER & GAMBLE CO	$662,000	+163.7%	5,320	+132.7%	0.10%	+164.1%
QCOM	Sell	QUALCOMM INC	$621,000	-57.1%	8,145	-57.2%	0.10%	-56.5%
DEO	Sell	DIAGEO P L Cspon adr new	$415,000	-32.0%	2,540	-28.2%	0.06%	-30.9%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$411,000	+53.4%	8,110	+37.2%	0.06%	+56.1%
MO	New	ALTRIA GROUP INC	$368,000	–	8,998	–	0.06%	–
WFC	Buy	WELLS FARGO CO NEW	$366,000	+29.3%	7,250	+21.1%	0.06%	+29.5%
VTR	Buy	VENTAS INC	$353,000	+14.6%	4,830	+7.3%	0.06%	+17.0%
SLB	Sell	SCHLUMBERGER LTD	$330,000	-41.7%	9,650	-32.3%	0.05%	-41.4%
HON	Buy	HONEYWELL INTL INC	$309,000	+1.6%	1,829	+5.2%	0.05%	+2.1%
WMT	Buy	WALMART INC	$284,000	+15.0%	2,392	+7.1%	0.04%	+15.8%
NFLX	Sell	NETFLIX INC	$281,000	-43.3%	1,050	-22.2%	0.04%	-42.1%
RGLD	Sell	ROYAL GOLD INC	$271,000	-49.2%	2,200	-57.7%	0.04%	-48.8%
NVS	Sell	NOVARTIS A Gsponsored adr	$267,000	-36.0%	3,069	-32.8%	0.04%	-34.4%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$262,000	-13.5%	1,800	-18.2%	0.04%	-12.8%
PM	New	PHILIP MORRIS INTL INC	$260,000	–	3,420	–	0.04%	–
IJH	Sell	ISHARES TRcore s&p mcp etf	$253,000	-1.6%	1,309	-1.1%	0.04%	-2.5%
ABBV	Sell	ABBVIE INC	$239,000	-37.4%	3,150	-40.0%	0.04%	-37.3%
LLY	New	LILLY ELI & CO	$231,000	–	2,069	–	0.04%	–
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$226,000	-74.6%	549	-75.6%	0.04%	-74.5%
OCX	New	ONCOCYTE CORPORATION	$168,000	–	80,000	–	0.03%	–
FWONK	Sell	LIBERTY MEDIA CORP DELAWARE	$14,000	-96.7%	330	-97.1%	0.00%	-96.9%
LBTYK	Sell	LIBERTY GLOBAL PLC	$13,000	-97.8%	551	-97.6%	0.00%	-97.8%
MSFT	New	MICROSOFT CORPput	$5,000	–	6,200	–	0.00%	–
LBTYK	Sell	LIBERTY GLOBAL PLCput	$0	–	12,100	-45.0%	0.00%	–
PG	New	PROCTER & GAMBLE COput	$1,000	–	3,400	–	0.00%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LPput	$0	–	1,500	–	0.00%	–
SCHW	New	THE CHARLES SCHWAB CORPORATIput	$2,000	–	7,000	–	0.00%	–
FWONK	New	LIBERTY MEDIA CORP DELAWAREput	$0	–	11,000	–	0.00%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Nput	$0	–	-1,700	–	0.00%	–
UNP	Exit	UNION PACIFIC CORPput	$0	–	-3,000	–	0.00%	–
GOOG	Exit	ALPHABET INCput	$0	–	-500	–	0.00%	–
HD	Exit	HOME DEPOT INCput	$0	–	-1,100	–	0.00%	–
TDG	Exit	TRANSDIGM GROUP INCput	$0	–	-1,600	–	0.00%	–
EQIX	Exit	EQUINIX INCput	$0	–	-700	–	0.00%	–
CDNA	Exit	CAREDX INC	$0	–	-6,000	–	-0.03%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-5,129	–	-0.03%	–
W	Exit	WAYFAIR INCcl a	$0	–	-1,500	–	-0.03%	–
VRSK	Exit	VERISK ANALYTICS INC	$0	–	-1,732	–	-0.04%	–
EQIX	Exit	EQUINIX INC	$0	–	-721	–	-0.06%	–
OLED	Exit	UNIVERSAL DISPLAY CORP	$0	–	-2,000	–	-0.06%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-6,432	–	-0.07%	–
CAKE	Exit	CHEESECAKE FACTORY INC	$0	–	-10,500	–	-0.07%	–
FEYE	Exit	FIREEYE INC	$0	–	-47,290	–	-0.11%	–
TDG	Exit	TRANSDIGM GROUP INC	$0	–	-1,645	–	-0.12%	–
FNV	Exit	FRANCO NEVADA CORP	$0	–	-64,050	–	-0.84%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-148,450	–	-1.02%	–

Q2 2019

			Value		Shares		↓ Weighting
AMZN	New	AMAZON COM INC	$40,437,000	–	21,354	–	6.22%	–
MSFT	New	MICROSOFT CORP	$40,137,000	–	299,616	–	6.18%	–
V	New	VISA INC	$37,906,000	–	218,413	–	5.84%	–
AAPL	New	APPLE INC	$35,005,000	–	176,866	–	5.39%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$29,622,000	–	100,866	–	4.56%	–
GOOGL	New	ALPHABET INCcap stk cl a	$27,404,000	–	25,308	–	4.22%	–
JPM	New	JPMORGAN CHASE & CO	$26,687,000	–	238,707	–	4.11%	–
ADBE	New	ADOBE INC	$20,575,000	–	69,829	–	3.17%	–
MRK	New	MERCK & CO INC	$20,265,000	–	241,681	–	3.12%	–
PFE	New	PFIZER INC	$19,480,000	–	449,672	–	3.00%	–
BSX	New	BOSTON SCIENTIFIC CORP	$17,959,000	–	417,834	–	2.76%	–
BA	New	BOEING CO	$17,406,000	–	47,818	–	2.68%	–
DIS	New	DISNEY WALT CO	$16,687,000	–	119,501	–	2.57%	–
SYK	New	STRYKER CORP	$15,482,000	–	75,311	–	2.38%	–
DHR	New	DANAHER CORPORATION	$14,411,000	–	100,834	–	2.22%	–
ZTS	New	ZOETIS INCcl a	$13,112,000	–	115,536	–	2.02%	–
GOOG	New	ALPHABET INCcap stk cl c	$12,654,000	–	11,707	–	1.95%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$12,629,000	–	59,244	–	1.94%	–
BAC	New	BANK AMER CORP	$11,716,000	–	403,987	–	1.80%	–
GS	New	GOLDMAN SACHS GROUP INC	$11,420,000	–	55,816	–	1.76%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$10,992,000	–	112,565	–	1.69%	–
HD	New	HOME DEPOT INC	$10,854,000	–	52,193	–	1.67%	–
EOG	New	EOG RES INC	$10,700,000	–	114,852	–	1.65%	–
COST	New	COSTCO WHSL CORP NEW	$8,804,000	–	33,314	–	1.36%	–
PYPL	New	PAYPAL HLDGS INC	$8,512,000	–	74,367	–	1.31%	–
SCHW	New	THE CHARLES SCHWAB CORPORATI	$8,212,000	–	204,319	–	1.26%	–
CVX	New	CHEVRON CORP NEW	$7,190,000	–	57,778	–	1.11%	–
BX	New	BLACKSTONE GROUP L P	$6,594,000	–	148,450	–	1.02%	–
SBUX	New	STARBUCKS CORP	$6,001,000	–	71,590	–	0.92%	–
FB	New	FACEBOOK INCcl a	$5,540,000	–	28,704	–	0.85%	–
INFO	New	IHS MARKIT LTD	$5,438,000	–	85,339	–	0.84%	–
FNV	New	FRANCO NEVADA CORP	$5,437,000	–	64,050	–	0.84%	–
KKR	New	KKR & CO INCcl a	$5,069,000	–	200,590	–	0.78%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$5,070,000	–	27,152	–	0.78%	–
GDV	New	GABELLI DIVD & INCOME TR	$4,923,000	–	227,200	–	0.76%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,504,000	–	78,835	–	0.69%	–
CRM	New	SALESFORCE COM INC	$4,503,000	–	29,677	–	0.69%	–
MCD	New	MCDONALDS CORP	$4,427,000	–	21,320	–	0.68%	–
NUV	New	NUVEEN MUN VALUE FD INC	$4,316,000	–	423,950	–	0.66%	–
JNJ	New	JOHNSON & JOHNSON	$3,961,000	–	28,440	–	0.61%	–
ANET	New	ARISTA NETWORKS INC	$3,887,000	–	14,973	–	0.60%	–
CMCSA	New	COMCAST CORP NEWcl a	$2,838,000	–	67,114	–	0.44%	–
AXP	New	AMERICAN EXPRESS CO	$2,840,000	–	23,011	–	0.44%	–
INTC	New	INTEL CORP	$2,599,000	–	54,298	–	0.40%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$2,495,000	–	21,510	–	0.38%	–
IVV	New	ISHARES TRcore s&p500 etf	$2,491,000	–	8,450	–	0.38%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$2,466,000	–	14,555	–	0.38%	–
EIM	New	EATON VANCE MUN BD FD	$2,361,000	–	189,911	–	0.36%	–
BSM	New	BLACK STONE MINERALS L P	$2,343,000	–	151,150	–	0.36%	–
MMM	New	3M CO	$2,142,000	–	12,356	–	0.33%	–
ISRG	New	INTUITIVE SURGICAL INC	$1,996,000	–	3,805	–	0.31%	–
T	New	AT&T INC	$1,941,000	–	57,934	–	0.30%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$1,940,000	–	12,925	–	0.30%	–
DUK	New	DUKE ENERGY CORP NEW	$1,725,000	–	19,550	–	0.27%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,717,000	–	5,859	–	0.26%	–
NVDA	New	NVIDIA CORP	$1,635,000	–	9,955	–	0.25%	–
BLK	New	BLACKROCK INC	$1,628,000	–	3,470	–	0.25%	–
DD	New	DUPONT DE NEMOURS INC	$1,552,000	–	20,677	–	0.24%	–
MA	New	MASTERCARD INCcl a	$1,546,000	–	5,845	–	0.24%	–
NEE	New	NEXTERA ENERGY INC	$1,455,000	–	7,101	–	0.22%	–
QCOM	New	QUALCOMM INC	$1,449,000	–	19,045	–	0.22%	–
ABT	New	ABBOTT LABS	$1,442,000	–	17,150	–	0.22%	–
FTNT	New	FORTINET INC	$1,383,000	–	18,000	–	0.21%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$1,247,000	–	9,569	–	0.19%	–
PEP	New	PEPSICO INC	$1,172,000	–	8,935	–	0.18%	–
ORCL	New	ORACLE CORP	$1,071,000	–	18,807	–	0.16%	–
DOW	New	DOW INC	$1,000,000	–	20,278	–	0.15%	–
DMLP	New	DORCHESTER MINERALS LP	$961,000	–	52,500	–	0.15%	–
BKNG	New	BOOKING HLDGS INC	$952,000	–	508	–	0.15%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$889,000	–	2,249	–	0.14%	–
NTRS	New	NORTHERN TR CORP	$873,000	–	9,700	–	0.13%	–
SAP	New	SAP SEspon adr	$802,000	–	5,864	–	0.12%	–
TDG	New	TRANSDIGM GROUP INC	$796,000	–	1,645	–	0.12%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$740,000	–	25,635	–	0.11%	–
FEYE	New	FIREEYE INC	$700,000	–	47,290	–	0.11%	–
XOM	New	EXXON MOBIL CORP	$661,000	–	8,631	–	0.10%	–
DEO	New	DIAGEO P L Cspon adr new	$610,000	–	3,540	–	0.09%	–
CTVA	New	CORTEVA INC	$606,000	–	20,477	–	0.09%	–
UNP	New	UNION PACIFIC CORP	$601,000	–	3,551	–	0.09%	–
D	New	DOMINION ENERGY INC	$595,000	–	7,698	–	0.09%	–
LBTYK	New	LIBERTY GLOBAL PLC	$598,000	–	22,551	–	0.09%	–
NAC	New	NUVEEN CA QUALTY MUN INCOME	$570,000	–	39,358	–	0.09%	–
PHYS	New	SPROTT PHYSICAL GOLD TRUSTunit	$567,000	–	50,000	–	0.09%	–
SLB	New	SCHLUMBERGER LTD	$566,000	–	14,250	–	0.09%	–
RGLD	New	ROYAL GOLD INC	$533,000	–	5,200	–	0.08%	–
MLM	New	MARTIN MARIETTA MATLS INC	$535,000	–	2,325	–	0.08%	–
LUV	New	SOUTHWEST AIRLS CO	$508,000	–	10,000	–	0.08%	–
NFLX	New	NETFLIX INC	$496,000	–	1,350	–	0.08%	–
CAKE	New	CHEESECAKE FACTORY INC	$459,000	–	10,500	–	0.07%	–
APC	New	ANADARKO PETE CORP	$454,000	–	6,432	–	0.07%	–
TROW	New	PRICE T ROWE GROUP INC	$439,000	–	4,000	–	0.07%	–
ALGN	New	ALIGN TECHNOLOGY INC	$427,000	–	1,560	–	0.07%	–
FWONK	New	LIBERTY MEDIA CORP DELAWARE	$424,000	–	11,330	–	0.06%	–
NVS	New	NOVARTIS A Gsponsored adr	$417,000	–	4,569	–	0.06%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$395,000	–	6,169	–	0.06%	–
ABBV	New	ABBVIE INC	$382,000	–	5,250	–	0.06%	–
OLED	New	UNIVERSAL DISPLAY CORP	$376,000	–	2,000	–	0.06%	–
BDX	New	BECTON DICKINSON & CO	$378,000	–	1,500	–	0.06%	–
EQIX	New	EQUINIX INC	$364,000	–	721	–	0.06%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$365,000	–	1,729	–	0.06%	–
IWF	New	ISHARES TRrus 1000 grw etf	$330,000	–	2,095	–	0.05%	–
IWD	New	ISHARES TRrus 1000 val etf	$320,000	–	2,516	–	0.05%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$303,000	–	2,200	–	0.05%	–
HON	New	HONEYWELL INTL INC	$304,000	–	1,739	–	0.05%	–
VTR	New	VENTAS INC	$308,000	–	4,500	–	0.05%	–
SIX	New	SIX FLAGS ENTMT CORP NEW	$298,000	–	6,000	–	0.05%	–
PANW	New	PALO ALTO NETWORKS INC	$299,000	–	1,468	–	0.05%	–
KLAC	New	KLA-TENCOR CORP	$291,000	–	2,460	–	0.04%	–
WFC	New	WELLS FARGO CO NEW	$283,000	–	5,986	–	0.04%	–
ET	New	ENERGY TRANSFER LP	$284,000	–	20,200	–	0.04%	–
IRDM	New	IRIDIUM COMMUNICATIONS INC	$279,000	–	12,000	–	0.04%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$268,000	–	5,910	–	0.04%	–
IJH	New	ISHARES TRcore s&p mcp etf	$257,000	–	1,323	–	0.04%	–
PG	New	PROCTER AND GAMBLE CO	$251,000	–	2,286	–	0.04%	–
VRSK	New	VERISK ANALYTICS INC	$254,000	–	1,732	–	0.04%	–
WMT	New	WALMART INC	$247,000	–	2,233	–	0.04%	–
UN	New	UNILEVER N V	$243,000	–	4,000	–	0.04%	–
ENB	New	ENBRIDGE INC	$241,000	–	6,666	–	0.04%	–
IWM	New	ISHARES TRrussell 2000 etf	$219,000	–	1,411	–	0.03%	–
W	New	WAYFAIR INCcl a	$219,000	–	1,500	–	0.03%	–
EEM	New	ISHARES TRmsci emg mkt etf	$220,000	–	5,129	–	0.03%	–
CDNA	New	CAREDX INC	$216,000	–	6,000	–	0.03%	–
TXN	New	TEXAS INSTRS INC	$206,000	–	1,792	–	0.03%	–
ALGN	New	ALIGN TECHNOLOGY INCput	$21,000	–	5,500	–	0.00%	–
BMY	New	BRISTOL MYERS SQUIBB COput	$6,000	–	7,500	–	0.00%	–
AWK	New	AMERICAN WTR WKS CO INC NEWput	$4,000	–	5,400	–	0.00%	–
PFE	New	PFIZER INCput	$2,000	–	6,300	–	0.00%	–
CHTR	New	CHARTER COMMUNICATIONS INC Nput	$2,000	–	1,700	–	0.00%	–
AXP	New	AMERICAN EXPRESS COput	$2,000	–	2,600	–	0.00%	–
GOOG	New	ALPHABET INCput	$0	–	500	–	0.00%	–
TDG	New	TRANSDIGM GROUP INCput	$0	–	1,600	–	0.00%	–
UNP	New	UNION PACIFIC CORPput	$2,000	–	3,000	–	0.00%	–
LBTYK	New	LIBERTY GLOBAL PLCput	$0	–	22,000	–	0.00%	–
VTR	New	VENTAS INCput	$2,000	–	4,500	–	0.00%	–
HD	New	HOME DEPOT INCput	$1,000	–	1,100	–	0.00%	–
XOM	New	EXXON MOBIL CORPput	$2,000	–	6,600	–	0.00%	–
EQIX	New	EQUINIX INCput	$1,000	–	700	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
TKC	Exit	TURKCELL ILETISIM HIZMETLERIspon adr new	$0	–	-10,000	–	-0.01%	–
BCS	Exit	BARCLAYS PLCadr	$0	–	-20,000	–	-0.03%	–
ROST	Exit	ROSS STORES INC	$0	–	-2,187	–	-0.03%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,700	–	-0.03%	–
UN	Exit	UNILEVER N V	$0	–	-4,000	–	-0.03%	–
BIIB	Exit	BIOGEN INC	$0	–	-675	–	-0.04%	–
VTR	Exit	VENTAS INC	$0	–	-4,500	–	-0.04%	–
KLAC	Exit	KLA-TENCOR CORP	$0	–	-2,460	–	-0.04%	–
RGLD	Exit	ROYAL GOLD INC	$0	–	-3,500	–	-0.04%	–
IRDM	Exit	IRIDIUM COMMUNICATIONS INC	$0	–	-12,000	–	-0.04%	–
NVT	Exit	NVENT ELECTRIC PLC	$0	–	-10,200	–	-0.04%	–
LLY	Exit	LILLY ELI & CO	$0	–	-2,743	–	-0.04%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-5,986	–	-0.05%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.05%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-1,915	–	-0.05%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-1,468	–	-0.05%	–
CAKE	Exit	CHEESECAKE FACTORY INC	$0	–	-7,000	–	-0.06%	–
OEF	Exit	ISHARES TRs&p 100 etf	$0	–	-3,000	–	-0.06%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,549	–	-0.06%	–
SIX	Exit	SIX FLAGS ENTMT CORP NEW	$0	–	-6,000	–	-0.06%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-4,000	–	-0.07%	–
PNR	Exit	PENTAIR PLC	$0	–	-10,200	–	-0.07%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-5,850	–	-0.07%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-2,200	–	-0.07%	–
ABBV	Exit	ABBVIE INC	$0	–	-5,050	–	-0.07%	–
ILMN	Exit	ILLUMINA INC	$0	–	-1,305	–	-0.07%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-3,540	–	-0.08%	–
NFLX	Exit	NETFLIX INC	$0	–	-1,350	–	-0.08%	–
D	Exit	DOMINION ENERGY INC	$0	–	-7,698	–	-0.08%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-6,879	–	-0.09%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,856	–	-0.09%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-6,850	–	-0.09%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-9,600	–	-0.09%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-1,560	–	-0.09%	–
MLM	Exit	MARTIN MARIETTA MATLS INC	$0	–	-3,350	–	-0.09%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRUSTunit	$0	–	-72,500	–	-0.11%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-4,304	–	-0.11%	–
FEYE	Exit	FIREEYE INC	$0	–	-42,900	–	-0.11%	–
K	Exit	KELLOGG CO	$0	–	-12,750	–	-0.14%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-3,036	–	-0.14%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-8,525	–	-0.14%	–
EBAY	Exit	EBAY INC	$0	–	-28,550	–	-0.14%	–
PEP	Exit	PEPSICO INC	$0	–	-8,500	–	-0.14%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-8,700	–	-0.15%	–
ORCL	Exit	ORACLE CORP	$0	–	-20,225	–	-0.16%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-10,250	–	-0.16%	–
EQC	Exit	EQUITY COMWLTH	$0	–	-34,800	–	-0.17%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-4,137	–	-0.18%	–
KO	Exit	COCA COLA CO	$0	–	-27,255	–	-0.19%	–
ABT	Exit	ABBOTT LABS	$0	–	-17,150	–	-0.19%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-7,017	–	-0.20%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-6,345	–	-0.22%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-23,650	–	-0.24%	–
BSM	Exit	BLACK STONE MINERALS L P	$0	–	-85,500	–	-0.24%	–
FTNT	Exit	FORTINET INC	$0	–	-18,000	–	-0.25%	–
GNMK	Exit	GENMARK DIAGNOSTICS INC	$0	–	-300,000	–	-0.34%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-25,885	–	-0.35%	–
ANET	Exit	ARISTA NETWORKS INC	$0	–	-9,003	–	-0.36%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-4,361	–	-0.38%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-18,968	–	-0.38%	–
INTC	Exit	INTEL CORP	$0	–	-56,148	–	-0.40%	–
MMM	Exit	3M CO	$0	–	-12,871	–	-0.41%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-70,111	–	-0.57%	–
MCD	Exit	MCDONALDS CORP	$0	–	-22,679	–	-0.58%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-28,116	–	-0.59%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-72,150	–	-0.63%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-64,567	–	-0.63%	–
EW	Exit	EDWARDS LIFESCIENCES CORP	$0	–	-24,925	–	-0.66%	–
APTV	Exit	APTIV PLC	$0	–	-55,801	–	-0.71%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-34,816	–	-0.72%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-30,391	–	-0.74%	–
RTN	Exit	RAYTHEON CO	$0	–	-23,746	–	-0.75%	–
FNV	Exit	FRANCO NEVADA CORP	$0	–	-78,900	–	-0.75%	–
HTGM	Exit	HTG MOLECULAR DIAGNOSTICS IN	$0	–	-1,000,000	–	-0.77%	–
NTRA	Exit	NATERA INC	$0	–	-214,046	–	-0.78%	–
T	Exit	AT&T INC	$0	–	-163,148	–	-0.84%	–
EXAS	Exit	EXACT SCIENCES CORP	$0	–	-70,000	–	-0.84%	–
GDV	Exit	GABELLI DIVD & INCOME TR	$0	–	-233,200	–	-0.85%	–
BAC	Exit	BANK AMER CORP	$0	–	-189,306	–	-0.85%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-2,902	–	-0.88%	–
KKR	Exit	KKR & CO INCcl a	$0	–	-221,490	–	-0.92%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-50,667	–	-0.94%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-169,250	–	-0.98%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-110,040	–	-1.02%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-77,833	–	-1.09%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-44,628	–	-1.12%	–
NVTA	Exit	INVITAE CORP	$0	–	-443,495	–	-1.13%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-37,410	–	-1.22%	–
CDNA	Exit	CAREDX INC	$0	–	-281,000	–	-1.24%	–
HD	Exit	HOME DEPOT INC	$0	–	-39,983	–	-1.26%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-35,615	–	-1.28%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-64,513	–	-1.39%	–
EOG	Exit	EOG RES INC	$0	–	-74,300	–	-1.45%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-96,245	–	-1.60%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-121,183	–	-1.78%	–
SYK	Exit	STRYKER CORP	$0	–	-68,237	–	-1.85%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-45,344	–	-1.87%	–
NVDA	Exit	NVIDIA CORP	$0	–	-43,645	–	-1.87%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-76,552	–	-1.92%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-10,751	–	-1.96%	–
DIS	Exit	DISNEY WALT CO	$0	–	-113,277	–	-2.02%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-398,178	–	-2.34%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-322,562	–	-2.42%	–
MRK	Exit	MERCK & CO INC	$0	–	-231,486	–	-2.50%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-75,187	–	-2.57%	–
BA	Exit	BOEING CO	$0	–	-50,217	–	-2.85%	–
PFE	Exit	PFIZER INC	$0	–	-463,808	–	-3.12%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-88,809	–	-3.31%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-209,114	–	-3.60%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-263,971	–	-4.60%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-25,138	–	-4.63%	–
V	Exit	VISA INC	$0	–	-205,057	–	-4.69%	–
AMZN	Exit	AMAZON COM INC	$0	–	-19,403	–	-5.93%	–
AAPL	Exit	APPLE INC	$0	–	-183,940	–	-6.33%	–

Q3 2018

			Value		Shares		↓ Weighting
AAPL	Buy	APPLE INC	$41,523,000	+22.0%	183,940	+0.0%	6.33%	+10.7%
AMZN	Buy	AMAZON COM INC	$38,864,000	+18.4%	19,403	+0.5%	5.93%	+7.4%
V	Sell	VISA INC	$30,777,000	+12.2%	205,057	-1.0%	4.69%	+1.7%
GOOGL	Buy	ALPHABET INCcap stk cl a	$30,344,000	+7.3%	25,138	+0.4%	4.63%	-2.7%
MSFT	Sell	MICROSOFT CORP	$30,190,000	+12.2%	263,971	-3.3%	4.60%	+1.7%
JPM	Buy	JPMORGAN CHASE & CO	$23,596,000	+10.2%	209,114	+1.8%	3.60%	-0.1%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$21,677,000	+18.0%	88,809	+0.1%	3.31%	+7.0%
PFE	Buy	PFIZER INC	$20,440,000	+21.6%	463,808	+0.1%	3.12%	+10.3%
BA	Sell	BOEING CO	$18,676,000	+10.4%	50,217	-0.4%	2.85%	+0.2%
GS	Buy	GOLDMAN SACHS GROUP INC	$16,860,000	+6.5%	75,187	+4.7%	2.57%	-3.4%
MRK	Sell	MERCK & CO INC	$16,422,000	+16.4%	231,486	-0.4%	2.50%	+5.5%
SCHW	Buy	SCHWAB CHARLES CORP NEW	$15,854,000	+7.8%	322,562	+12.1%	2.42%	-2.2%
BSX	Sell	BOSTON SCIENTIFIC CORP	$15,330,000	+17.2%	398,178	-0.4%	2.34%	+6.3%
DIS	Buy	DISNEY WALT CO	$13,247,000	+11.8%	113,277	+0.2%	2.02%	+1.4%
GOOG	Buy	ALPHABET INCcap stk cl c	$12,831,000	+7.7%	10,751	+0.7%	1.96%	-2.3%
FB	Buy	FACEBOOK INCcl a	$12,590,000	-12.2%	76,552	+3.8%	1.92%	-20.4%
NVDA	Sell	NVIDIA CORP	$12,265,000	+17.6%	43,645	-0.9%	1.87%	+6.7%
ADBE	Sell	ADOBE SYS INC	$12,241,000	+10.4%	45,344	-0.3%	1.87%	+0.1%
SYK	Buy	STRYKER CORP	$12,124,000	+5.8%	68,237	+0.5%	1.85%	-4.1%
FRC	Buy	FIRST REP BK SAN FRANCISCO C	$11,634,000	+1.1%	121,183	+1.9%	1.78%	-8.3%
DHR	Buy	DANAHER CORP DEL	$10,458,000	+10.6%	96,245	+0.5%	1.60%	+0.3%
EOG	Buy	EOG RES INC	$9,478,000	+3.2%	74,300	+0.7%	1.45%	-6.3%
ITW	Sell	ILLINOIS TOOL WKS INC	$9,104,000	-11.4%	64,513	-13.0%	1.39%	-19.7%
COST	Buy	COSTCO WHSL CORP NEW	$8,365,000	+12.7%	35,615	+0.3%	1.28%	+2.2%
HD	Buy	HOME DEPOT INC	$8,282,000	+8.4%	39,983	+2.1%	1.26%	-1.6%
CDNA	Sell	CAREDX INC	$8,107,000	+115.0%	281,000	-8.8%	1.24%	+95.1%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$8,010,000	+18.0%	37,410	+2.8%	1.22%	+7.0%
NVTA	Buy	INVITAE CORP	$7,420,000	+207.4%	443,495	+35.0%	1.13%	+178.8%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$7,353,000	+10.2%	44,628	+24.1%	1.12%	0.0%
ZTS	Sell	ZOETIS INCcl a	$7,126,000	+7.2%	77,833	-0.2%	1.09%	-2.8%
SLB	Buy	SCHLUMBERGER LTD	$6,704,000	-8.0%	110,040	+1.2%	1.02%	-16.6%
CVX	Buy	CHEVRON CORP NEW	$6,196,000	-2.6%	50,667	+0.7%	0.94%	-11.7%
KKR	New	KKR & CO INCcl a	$6,040,000	–	221,490	–	0.92%	–
BKNG	Buy	BOOKING HLDGS INC	$5,758,000	+3.4%	2,902	+5.6%	0.88%	-6.3%
BAC	Buy	BANK AMER CORP	$5,577,000	+8.4%	189,306	+3.8%	0.85%	-1.6%
T	Buy	AT&T INC	$5,479,000	+41.9%	163,148	+35.7%	0.84%	+28.8%
NTRA	New	NATERA INC	$5,124,000	–	214,046	–	0.78%	–
HTGM	Buy	HTG MOLECULAR DIAGNOSTICS IN	$5,050,000	+72.1%	1,000,000	+11.1%	0.77%	+56.2%
FNV	Buy	FRANCO NEVADA CORP	$4,935,000	+15.2%	78,900	+34.5%	0.75%	+4.6%
RTN	Buy	RAYTHEON CO	$4,907,000	+61.0%	23,746	+50.6%	0.75%	+46.1%
CRM	Buy	SALESFORCE COM INC	$4,833,000	+19.2%	30,391	+2.3%	0.74%	+8.1%
PNC	Sell	PNC FINL SVCS GROUP INC	$4,742,000	-30.7%	34,816	-31.3%	0.72%	-37.2%
APTV	Buy	APTIV PLC	$4,682,000	+1.6%	55,801	+10.9%	0.71%	-7.9%
EW	Sell	EDWARDS LIFESCIENCES CORP	$4,339,000	+19.1%	24,925	-0.4%	0.66%	+8.0%
DWDP	Sell	DOWDUPONT INC	$4,152,000	-5.7%	64,567	-3.3%	0.63%	-14.5%
SBUX	Buy	STARBUCKS CORP	$4,101,000	+219.1%	72,150	+174.3%	0.63%	+189.8%
JNJ	Sell	JOHNSON & JOHNSON	$3,885,000	+13.5%	28,116	-0.4%	0.59%	+3.0%
MCD	Sell	MCDONALDS CORP	$3,794,000	+5.5%	22,679	-1.2%	0.58%	-4.3%
VZ	Sell	VERIZON COMMUNICATIONS INC	$3,743,000	+5.3%	70,111	-0.8%	0.57%	-4.5%
ISRG	Buy	INTUITIVE SURGICAL INC	$2,503,000	+22.3%	4,361	+1.9%	0.38%	+11.0%
MAR	Buy	MARRIOTT INTL INC NEWcl a	$2,504,000	+5.9%	18,968	+1.5%	0.38%	-4.0%
ANET	Buy	ARISTA NETWORKS INC	$2,394,000	+19.2%	9,003	+15.4%	0.36%	+8.0%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$2,277,000	-60.3%	25,885	-61.5%	0.35%	-64.0%
GNMK	Sell	GENMARK DIAGNOSTICS INC	$2,205,000	-6.6%	300,000	-18.9%	0.34%	-15.4%
WSM	New	WILLIAMS SONOMA INC	$1,554,000	–	23,650	–	0.24%	–
BSM	Buy	BLACK STONE MINERALS L P	$1,557,000	+8.0%	85,500	+9.6%	0.24%	-2.5%
MA	New	MASTERCARD INCORPORATEDcl a	$1,412,000	–	6,345	–	0.22%	–
QQQ	Sell	INVESCO QQQ TRunit ser 1	$1,304,000	-3.6%	7,017	-10.9%	0.20%	-12.3%
KO	Buy	COCA COLA CO	$1,259,000	+13.5%	27,255	+7.8%	0.19%	+2.7%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$1,203,000	+9.5%	4,137	+2.1%	0.18%	-1.1%
NTRS	Sell	NORTHERN TR CORP	$1,047,000	-2.6%	10,250	-1.9%	0.16%	-11.6%
ORCL	Sell	ORACLE CORP	$1,043,000	+12.9%	20,225	-3.6%	0.16%	+2.6%
PEP	Sell	PEPSICO INC	$950,000	+1.5%	8,500	-1.2%	0.14%	-7.6%
EBAY	New	EBAY INC	$943,000	–	28,550	–	0.14%	–
K	Sell	KELLOGG CO	$893,000	-2.8%	12,750	-3.0%	0.14%	-12.3%
IVV	Sell	ISHARES TRcore s&p500 etf	$889,000	-4.7%	3,036	-11.1%	0.14%	-13.4%
FEYE	Sell	FIREEYE INC	$729,000	+6.4%	42,900	-3.6%	0.11%	-3.5%
MLM	Sell	MARTIN MARIETTA MATLS INC	$610,000	-20.8%	3,350	-2.9%	0.09%	-27.9%
PYPL	Sell	PAYPAL HLDGS INC	$602,000	-2.9%	6,850	-8.1%	0.09%	-11.5%
LUV	Sell	SOUTHWEST AIRLS CO	$600,000	-86.8%	9,600	-89.2%	0.09%	-87.9%
ILMN	Sell	ILLUMINA INC	$479,000	-17.6%	1,305	-37.3%	0.07%	-25.5%
PNR	Sell	PENTAIR PLC	$442,000	-19.6%	10,200	-22.0%	0.07%	-27.2%
BDX	Buy	BECTON DICKINSON & CO	$404,000	+12.5%	1,549	+3.3%	0.06%	+3.3%
OEF	New	ISHARES TRs&p 100 etf	$389,000	–	3,000	–	0.06%	–
LLY	Buy	LILLY ELI & CO	$294,000	+30.1%	2,743	+3.5%	0.04%	+18.4%
NVT	Sell	NVENT ELECTRIC PLC	$277,000	-15.5%	10,200	-22.0%	0.04%	-23.6%
IRDM	New	IRIDIUM COMMUNICATIONS INC	$270,000	–	12,000	–	0.04%	–
BIIB	New	BIOGEN INC	$238,000	–	675	–	0.04%	–
ROST	New	ROSS STORES INC	$217,000	–	2,187	–	0.03%	–
TKC	New	TURKCELL ILETISIM HIZMETLERIspon adr new	$48,000	–	10,000	–	0.01%	–
STMP	Exit	STAMPS COM INC	$0	–	-800	–	-0.03%	–
PSA	Exit	PUBLIC STORAGE	$0	–	-1,060	–	-0.04%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-2,574	–	-0.04%	–
NKE	Exit	NIKE INCcl b	$0	–	-4,539	–	-0.06%	–
FDX	Exit	FEDEX CORP	$0	–	-2,100	–	-0.08%	–
CCL	Exit	CARNIVAL CORPunit 99/99/9999	$0	–	-28,250	–	-0.27%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-100,480	–	-0.55%	–
VOD	Exit	VODAFONE GROUP PLC NEWsponsored adr	$0	–	-140,200	–	-0.57%	–
BLK	Exit	BLACKROCK INC	$0	–	-9,164	–	-0.77%	–
KKR	Exit	KKR & CO L P DEL	$0	–	-185,490	–	-0.78%	–

Q2 2018

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$34,034,000	–	183,860	–	5.72%	–
AMZN	New	AMAZON COM INC	$32,830,000	–	19,314	–	5.52%	–
GOOGL	New	ALPHABET INCcap stk cl a	$28,279,000	–	25,044	–	4.76%	–
V	New	VISA INC	$27,439,000	–	207,162	–	4.61%	–
MSFT	New	MICROSOFT CORP	$26,919,000	–	272,984	–	4.53%	–
JPM	New	JPMORGAN CHASE & CO	$21,412,000	–	205,493	–	3.60%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$18,370,000	–	88,684	–	3.09%	–
BA	New	BOEING CO	$16,911,000	–	50,403	–	2.84%	–
PFE	New	PFIZER INC	$16,812,000	–	463,385	–	2.83%	–
GS	New	GOLDMAN SACHS GROUP INC	$15,838,000	–	71,806	–	2.66%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$14,701,000	–	287,696	–	2.47%	–
FB	New	FACEBOOK INCcl a	$14,337,000	–	73,780	–	2.41%	–
MRK	New	MERCK & CO INC	$14,114,000	–	232,515	–	2.37%	–
BSX	New	BOSTON SCIENTIFIC CORP	$13,078,000	–	399,925	–	2.20%	–
GOOG	New	ALPHABET INCcap stk cl c	$11,915,000	–	10,680	–	2.00%	–
DIS	New	DISNEY WALT CO	$11,849,000	–	113,048	–	1.99%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$11,508,000	–	118,901	–	1.94%	–
SYK	New	STRYKER CORP	$11,462,000	–	67,879	–	1.93%	–
ADBE	New	ADOBE SYS INC	$11,087,000	–	45,475	–	1.86%	–
NVDA	New	NVIDIA CORP	$10,432,000	–	44,034	–	1.75%	–
ITW	New	ILLINOIS TOOL WKS INC	$10,279,000	–	74,194	–	1.73%	–
DHR	New	DANAHER CORP DEL	$9,454,000	–	95,800	–	1.59%	–
EOG	New	EOG RES INC	$9,183,000	–	73,798	–	1.54%	–
HD	New	HOME DEPOT INC	$7,637,000	–	39,145	–	1.28%	–
COST	New	COSTCO WHSL CORP NEW	$7,421,000	–	35,510	–	1.25%	–
SLB	New	SCHLUMBERGER LTD	$7,290,000	–	108,755	–	1.23%	–
PNC	New	PNC FINL SVCS GROUP INC	$6,846,000	–	50,671	–	1.15%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$6,789,000	–	36,375	–	1.14%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$6,674,000	–	35,970	–	1.12%	–
ZTS	New	ZOETIS INCcl a	$6,646,000	–	78,018	–	1.12%	–
CVX	New	CHEVRON CORP NEW	$6,360,000	–	50,303	–	1.07%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$5,741,000	–	67,235	–	0.96%	–
BKNG	New	BOOKING HLDGS INC	$5,570,000	–	2,748	–	0.94%	–
BX	New	BLACKSTONE GROUP L P	$5,445,000	–	169,250	–	0.92%	–
GDV	New	GABELLI DIVD & INCOME TR	$5,261,000	–	233,200	–	0.88%	–
BAC	New	BANK AMER CORP	$5,143,000	–	182,450	–	0.86%	–
APTV	New	APTIV PLC	$4,610,000	–	50,309	–	0.78%	–
KKR	New	KKR & CO L P DEL	$4,609,000	–	185,490	–	0.78%	–
BLK	New	BLACKROCK INC	$4,573,000	–	9,164	–	0.77%	–
LUV	New	SOUTHWEST AIRLS CO	$4,530,000	–	89,030	–	0.76%	–
DWDP	New	DOWDUPONT INC	$4,402,000	–	66,773	–	0.74%	–
FNV	New	FRANCO NEVADA CORP	$4,283,000	–	58,650	–	0.72%	–
EXAS	New	EXACT SCIENCES CORP	$4,185,000	–	70,000	–	0.70%	–
CRM	New	SALESFORCE COM INC	$4,053,000	–	29,715	–	0.68%	–
T	New	AT&T INC	$3,861,000	–	120,243	–	0.65%	–
CDNA	New	CAREDX INC	$3,770,000	–	308,000	–	0.63%	–
EW	New	EDWARDS LIFESCIENCES CORP	$3,643,000	–	25,025	–	0.61%	–
MCD	New	MCDONALDS CORP	$3,597,000	–	22,958	–	0.60%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,555,000	–	70,670	–	0.60%	–
JNJ	New	JOHNSON & JOHNSON	$3,424,000	–	28,216	–	0.58%	–
VOD	New	VODAFONE GROUP PLC NEWsponsored adr	$3,408,000	–	140,200	–	0.57%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,297,000	–	100,480	–	0.55%	–
RTN	New	RAYTHEON CO	$3,047,000	–	15,771	–	0.51%	–
HTGM	New	HTG MOLECULAR DIAGNOSTICS IN	$2,934,000	–	900,000	–	0.49%	–
INTC	New	INTEL CORP	$2,791,000	–	56,148	–	0.47%	–
MMM	New	3M CO	$2,532,000	–	12,871	–	0.43%	–
NVTA	New	INVITAE CORP	$2,414,000	–	328,400	–	0.41%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$2,365,000	–	18,680	–	0.40%	–
GNMK	New	GENMARK DIAGNOSTICS INC	$2,361,000	–	370,000	–	0.40%	–
ISRG	New	INTUITIVE SURGICAL INC	$2,047,000	–	4,279	–	0.34%	–
ANET	New	ARISTA NETWORKS INC	$2,009,000	–	7,804	–	0.34%	–
CCL	New	CARNIVAL CORPunit 99/99/9999	$1,619,000	–	28,250	–	0.27%	–
BSM	New	BLACK STONE MINERALS L P	$1,442,000	–	78,000	–	0.24%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$1,352,000	–	7,876	–	0.23%	–
SBUX	New	STARBUCKS CORP	$1,285,000	–	26,300	–	0.22%	–
FTNT	New	FORTINET INC	$1,124,000	–	18,000	–	0.19%	–
KO	New	COCA COLA CO	$1,109,000	–	25,275	–	0.19%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,099,000	–	4,050	–	0.18%	–
EQC	New	EQUITY COMWLTH	$1,096,000	–	34,800	–	0.18%	–
NTRS	New	NORTHERN TR CORP	$1,075,000	–	10,450	–	0.18%	–
ABT	New	ABBOTT LABS	$1,046,000	–	17,150	–	0.18%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$938,000	–	8,700	–	0.16%	–
PEP	New	PEPSICO INC	$936,000	–	8,600	–	0.16%	–
IVV	New	ISHARES TRcore s&p500 etf	$933,000	–	3,416	–	0.16%	–
ORCL	New	ORACLE CORP	$924,000	–	20,975	–	0.16%	–
K	New	KELLOGG CO	$919,000	–	13,150	–	0.16%	–
AXP	New	AMERICAN EXPRESS CO	$835,000	–	8,525	–	0.14%	–
MLM	New	MARTIN MARIETTA MATLS INC	$770,000	–	3,450	–	0.13%	–
PHYS	New	SPROTT PHYSICAL GOLD TRUSTunit	$738,000	–	72,500	–	0.12%	–
NEE	New	NEXTERA ENERGY INC	$719,000	–	4,304	–	0.12%	–
FEYE	New	FIREEYE INC	$685,000	–	44,500	–	0.12%	–
PYPL	New	PAYPAL HLDGS INC	$620,000	–	7,450	–	0.10%	–
ILMN	New	ILLUMINA INC	$581,000	–	2,080	–	0.10%	–
XOM	New	EXXON MOBIL CORP	$569,000	–	6,879	–	0.10%	–
PNR	New	PENTAIR PLC	$550,000	–	13,078	–	0.09%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$539,000	–	3,856	–	0.09%	–
ALGN	New	ALIGN TECHNOLOGY INC	$534,000	–	1,560	–	0.09%	–
NFLX	New	NETFLIX INC	$528,000	–	1,350	–	0.09%	–
D	New	DOMINION ENERGY INC	$525,000	–	7,698	–	0.09%	–
DEO	New	DIAGEO P L Cspon adr new	$510,000	–	3,540	–	0.09%	–
FDX	New	FEDEX CORP	$477,000	–	2,100	–	0.08%	–
ABBV	New	ABBVIE INC	$468,000	–	5,050	–	0.08%	–
TROW	New	PRICE T ROWE GROUP INC	$464,000	–	4,000	–	0.08%	–
SIX	New	SIX FLAGS ENTMT CORP NEW	$420,000	–	6,000	–	0.07%	–
GD	New	GENERAL DYNAMICS CORP	$410,000	–	2,200	–	0.07%	–
COP	New	CONOCOPHILLIPS	$407,000	–	5,850	–	0.07%	–
CAKE	New	CHEESECAKE FACTORY INC	$385,000	–	7,000	–	0.06%	–
NKE	New	NIKE INCcl b	$362,000	–	4,539	–	0.06%	–
BDX	New	BECTON DICKINSON & CO	$359,000	–	1,500	–	0.06%	–
WFC	New	WELLS FARGO CO NEW	$332,000	–	5,986	–	0.06%	–
RGLD	New	ROYAL GOLD INC	$325,000	–	3,500	–	0.06%	–
NVT	New	NVENT ELECTRIC PLC	$328,000	–	13,078	–	0.06%	–
PANW	New	PALO ALTO NETWORKS INC	$302,000	–	1,468	–	0.05%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$282,000	–	1	–	0.05%	–
HON	New	HONEYWELL INTL INC	$276,000	–	1,915	–	0.05%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$259,000	–	2,574	–	0.04%	–
VTR	New	VENTAS INC	$256,000	–	4,500	–	0.04%	–
KLAC	New	KLA-TENCOR CORP	$252,000	–	2,460	–	0.04%	–
PSA	New	PUBLIC STORAGE	$240,000	–	1,060	–	0.04%	–
LLY	New	LILLY ELI & CO	$226,000	–	2,650	–	0.04%	–
UN	New	UNILEVER N V	$223,000	–	4,000	–	0.04%	–
DUK	New	DUKE ENERGY CORP NEW	$214,000	–	2,700	–	0.04%	–
BCS	New	BARCLAYS PLCadr	$201,000	–	20,000	–	0.03%	–
STMP	New	STAMPS COM INC	$202,000	–	800	–	0.03%	–

Q4 2017

			Value		Shares		↓ Weighting
IRWD	Exit	IRONWOOD PHARMACEUTICALS INC	$0	–	-11,380	–	-0.04%	–
CRNT	Exit	CERAGON NETWORKS LTDord	$0	–	-93,000	–	-0.04%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-2,242	–	-0.04%	–
NFLX	Exit	NETFLIX INC	$0	–	-1,110	–	-0.04%	–
PFF	Exit	ISHARES TRs&p us pfd stk	$0	–	-5,200	–	-0.04%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-1,435	–	-0.04%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-2,800	–	-0.04%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,700	–	-0.05%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-1,590	–	-0.05%	–
UN	Exit	UNILEVER N V	$0	–	-4,000	–	-0.05%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-2,104	–	-0.05%	–
KLAC	Exit	KLA-TENCOR CORP	$0	–	-2,500	–	-0.05%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-1,915	–	-0.05%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.06%	–
PSA	Exit	PUBLIC STORAGE	$0	–	-1,340	–	-0.06%	–
VTR	Exit	VENTAS INC	$0	–	-4,500	–	-0.06%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-1,560	–	-0.06%	–
CAKE	Exit	CHEESECAKE FACTORY INC	$0	–	-7,000	–	-0.06%	–
BIIB	Exit	BIOGEN INC	$0	–	-1,000	–	-0.06%	–
CG	Exit	CARLYLE GROUP L P	$0	–	-13,925	–	-0.07%	–
QCOM	Exit	QUALCOMM INC	$0	–	-6,800	–	-0.07%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-4,000	–	-0.07%	–
SIX	Exit	SIX FLAGS ENTMT CORP NEW	$0	–	-6,000	–	-0.07%	–
PSX	Exit	PHILLIPS 66	$0	–	-4,000	–	-0.07%	–
3106PS	Exit	DELPHI AUTOMOTIVE PLC	$0	–	-3,800	–	-0.08%	–
BSM	Exit	BLACK STONE MINERALS L P	$0	–	-25,000	–	-0.09%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-6,820	–	-0.09%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-3,000	–	-0.09%	–
DLR	Exit	DIGITAL RLTY TR INC	$0	–	-3,800	–	-0.09%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-3,540	–	-0.09%	–
LLY	Exit	LILLY ELI & CO	$0	–	-5,450	–	-0.09%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-11,850	–	-0.10%	–
GNMK	Exit	GENMARK DIAGNOSTICS INC	$0	–	-50,000	–	-0.10%	–
RPXC	Exit	RPX CORP	$0	–	-40,000	–	-0.11%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-14,450	–	-0.11%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-7,179	–	-0.12%	–
D	Exit	DOMINION ENERGY INC	$0	–	-7,698	–	-0.12%	–
FTNT	Exit	FORTINET INC	$0	–	-18,000	–	-0.13%	–
ABBV	Exit	ABBVIE INC	$0	–	-7,450	–	-0.13%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-7,316	–	-0.14%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-8,525	–	-0.16%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-5,592	–	-0.16%	–
CDNA	Exit	CAREDX INC	$0	–	-235,000	–	-0.18%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-8,700	–	-0.18%	–
MLM	Exit	MARTIN MARIETTA MATLS INC	$0	–	-4,325	–	-0.18%	–
PNR	Exit	PENTAIR PLC	$0	–	-13,078	–	-0.18%	–
ABT	Exit	ABBOTT LABS	$0	–	-17,000	–	-0.18%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRUSTunit	$0	–	-87,000	–	-0.18%	–
NVTA	Exit	INVITAE CORP	$0	–	-98,000	–	-0.18%	–
CCL	Exit	CARNIVAL CORPunit 99/99/9999	$0	–	-14,750	–	-0.19%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-23,600	–	-0.19%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-10,650	–	-0.20%	–
PEP	Exit	PEPSICO INC	$0	–	-8,950	–	-0.20%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-18,291	–	-0.20%	–
WRI	Exit	WEINGARTEN RLTY INVSsh ben int	$0	–	-33,700	–	-0.22%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-4,310	–	-0.22%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-3,675	–	-0.23%	–
ORCL	Exit	ORACLE CORP	$0	–	-24,300	–	-0.24%	–
K	Exit	KELLOGG CO	$0	–	-20,300	–	-0.26%	–
KO	Exit	COCA COLA CO	$0	–	-29,500	–	-0.27%	–
ANET	Exit	ARISTA NETWORKS INC	$0	–	-7,278	–	-0.28%	–
EXAS	Exit	EXACT SCIENCES CORP	$0	–	-30,000	–	-0.28%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-18,350	–	-0.29%	–
EW	Exit	EDWARDS LIFESCIENCES CORP	$0	–	-14,050	–	-0.31%	–
ALK	Exit	ALASKA AIR GROUP INC	$0	–	-22,435	–	-0.34%	–
EQC	Exit	EQUITY COMWLTH	$0	–	-58,100	–	-0.36%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-20,900	–	-0.36%	–
NKE	Exit	NIKE INCcl b	$0	–	-37,900	–	-0.40%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-18,350	–	-0.41%	–
INTC	Exit	INTEL CORP	$0	–	-53,548	–	-0.41%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-48,973	–	-0.53%	–
FNV	Exit	FRANCO NEVADA CORP	$0	–	-34,300	–	-0.53%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-18,429	–	-0.55%	–
HD	Exit	HOME DEPOT INC	$0	–	-18,109	–	-0.60%	–
MMM	Exit	3M CO	$0	–	-14,195	–	-0.60%	–
MCD	Exit	MCDONALDS CORP	$0	–	-20,227	–	-0.64%	–
MET	Exit	METLIFE INC	$0	–	-67,300	–	-0.70%	–
T	Exit	AT&T INC	$0	–	-90,093	–	-0.71%	–
BAC	Exit	BANK AMER CORP	$0	–	-140,300	–	-0.72%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-29,078	–	-0.76%	–
MON	Exit	MONSANTO CO NEW	$0	–	-32,600	–	-0.78%	–
VOD	Exit	VODAFONE GROUP PLC NEWsponsored adr	$0	–	-140,200	–	-0.80%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-52,500	–	-0.82%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-58,898	–	-0.82%	–
BLK	Exit	BLACKROCK INC	$0	–	-9,253	–	-0.83%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-84,869	–	-0.84%	–
KKR	Exit	KKR & CO L P DEL	$0	–	-217,160	–	-0.89%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-187,225	–	-0.91%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-104,188	–	-0.92%	–
SYK	Exit	STRYKER CORP	$0	–	-33,498	–	-0.96%	–
HAS	Exit	HASBRO INC	$0	–	-51,057	–	-1.00%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-44,645	–	-1.06%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-65,573	–	-1.07%	–
GDV	Exit	GABELLI DIVD & INCOME TR	$0	–	-251,350	–	-1.13%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-64,225	–	-1.18%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-209,870	–	-1.23%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-34,430	–	-1.27%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-113,365	–	-1.28%	–
EOG	Exit	EOG RES INC	$0	–	-70,327	–	-1.37%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-41,673	–	-1.38%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-3,844	–	-1.42%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-210,950	–	-1.42%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-110,199	–	-1.54%	–
NVDA	Exit	NVIDIA CORP	$0	–	-49,202	–	-1.77%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-9,662	–	-1.86%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-111,449	–	-1.92%	–
TWX	Exit	TIME WARNER INC	$0	–	-98,230	–	-2.02%	–
DIS	Exit	DISNEY WALT CO	$0	–	-104,523	–	-2.07%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-114,367	–	-2.40%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-71,681	–	-2.46%	–
BA	Exit	BOEING CO	$0	–	-52,624	–	-2.69%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-57,635	–	-2.75%	–
MRK	Exit	MERCK & CO INC	$0	–	-241,310	–	-3.11%	–
PFE	Exit	PFIZER INC	$0	–	-441,204	–	-3.17%	–
CELG	Exit	CELGENE CORP	$0	–	-112,249	–	-3.29%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-90,383	–	-3.44%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-186,453	–	-3.58%	–
AMZN	Exit	AMAZON COM INC	$0	–	-18,691	–	-3.61%	–
V	Exit	VISA INC	$0	–	-178,960	–	-3.79%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-270,524	–	-4.05%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-24,418	–	-4.78%	–
AAPL	Exit	APPLE INC	$0	–	-182,169	–	-5.64%	–

Q3 2017

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$28,076,000	+7.0%	182,169	-0.0%	5.64%	-0.9%
GOOGL	Sell	ALPHABET INCcap stk cl a	$23,776,000	+3.0%	24,418	-1.7%	4.78%	-4.7%
MSFT	Buy	MICROSOFT CORP	$20,151,000	+8.7%	270,524	+0.6%	4.05%	+0.6%
V	Buy	VISA INC	$18,834,000	+12.3%	178,960	+0.1%	3.79%	+4.0%
AMZN	Sell	AMAZON COM INC	$17,969,000	-2.5%	18,691	-1.9%	3.61%	-9.8%
JPM	Buy	JPMORGAN CHASE & CO	$17,808,000	+4.9%	186,453	+0.4%	3.58%	-2.9%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$17,100,000	+14.6%	90,383	+5.6%	3.44%	+6.1%
CELG	Buy	CELGENE CORP	$16,368,000	+12.7%	112,249	+0.3%	3.29%	+4.3%
PFE	Buy	PFIZER INC	$15,751,000	+8.3%	441,204	+1.9%	3.17%	+0.3%
MRK	Buy	MERCK & CO INC	$15,451,000	+0.7%	241,310	+0.8%	3.11%	-6.8%
GS	Buy	GOLDMAN SACHS GROUP INC	$13,670,000	+7.2%	57,635	+0.3%	2.75%	-0.8%
BA	Buy	BOEING CO	$13,378,000	+30.1%	52,624	+1.2%	2.69%	+20.5%
FB	Sell	FACEBOOK INCcl a	$12,248,000	+12.9%	71,681	-0.2%	2.46%	+4.5%
FRC	Buy	FIRST REP BK SAN FRANCISCO C	$11,947,000	+64.9%	114,367	+58.1%	2.40%	+52.7%
DIS	Sell	DISNEY WALT CO	$10,303,000	-44.9%	104,523	-40.6%	2.07%	-49.0%
TWX	Sell	TIME WARNER INC	$10,064,000	-8.6%	98,230	-10.4%	2.02%	-15.4%
DHR	Sell	DANAHER CORP DEL	$9,560,000	-23.2%	111,449	-24.5%	1.92%	-28.9%
GOOG	Sell	ALPHABET INCcap stk cl c	$9,267,000	+5.4%	9,662	-0.1%	1.86%	-2.4%
NVDA	Sell	NVIDIA CORP	$8,796,000	+22.9%	49,202	-0.6%	1.77%	+13.8%
SLB	Sell	SCHLUMBERGER LTD	$7,687,000	+0.9%	110,199	-4.8%	1.54%	-6.6%
PCLN	Buy	PRICELINE GRP INC	$7,038,000	+556.5%	3,844	+570.9%	1.42%	+507.3%
BX	Sell	BLACKSTONE GROUP L P	$7,039,000	-1.3%	210,950	-1.4%	1.42%	-8.7%
COST	Buy	COSTCO WHSL CORP NEW	$6,846,000	+28.7%	41,673	+25.3%	1.38%	+19.1%
EOG	Buy	EOG RES INC	$6,803,000	+65.3%	70,327	+54.7%	1.37%	+53.0%
LUV	Buy	SOUTHWEST AIRLS CO	$6,346,000	+1883.1%	113,365	+2098.3%	1.28%	+1749.3%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$6,312,000	+13.4%	34,430	+4.8%	1.27%	+5.0%
BSX	Buy	BOSTON SCIENTIFIC CORP	$6,122,000	+6.2%	209,870	+0.9%	1.23%	-1.7%
PG	Buy	PROCTER AND GAMBLE CO	$5,843,000	+33.8%	64,225	+28.2%	1.18%	+23.9%
GDV	Sell	GABELLI DIVD & INCOME TR	$5,628,000	-0.2%	251,350	-2.7%	1.13%	-7.5%
AWK	Buy	AMERICAN WTR WKS CO INC NEW	$5,306,000	+7.4%	65,573	+3.5%	1.07%	-0.6%
CVX	Sell	CHEVRON CORP NEW	$5,246,000	+12.6%	44,645	-0.0%	1.06%	+4.2%
HAS	Buy	HASBRO INC	$4,987,000	+1149.9%	51,057	+1325.8%	1.00%	+1052.9%
SYK	New	STRYKER CORP	$4,757,000	–	33,498	–	0.96%	–
SCHW	Buy	SCHWAB CHARLES CORP NEW	$4,557,000	+51.2%	104,188	+48.6%	0.92%	+40.1%
GE	Sell	GENERAL ELECTRIC CO	$4,527,000	-29.0%	187,225	-20.7%	0.91%	-34.2%
KKR	Sell	KKR & CO L P DEL	$4,415,000	+6.0%	217,160	-3.0%	0.89%	-1.8%
VZ	Sell	VERIZON COMMUNICATIONS INC	$4,200,000	-24.6%	84,869	-32.0%	0.84%	-30.2%
BLK	Buy	BLACKROCK INC	$4,137,000	+22.7%	9,253	+15.9%	0.83%	+13.7%
DWDP	New	DOWDUPONT INC	$4,078,000	–	58,898	–	0.82%	–
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$4,054,000	-2.3%	52,500	-0.9%	0.82%	-9.5%
JNJ	Buy	JOHNSON & JOHNSON	$3,780,000	-1.2%	29,078	+0.5%	0.76%	-8.5%
BAC	Sell	BANK AMER CORP	$3,555,000	+3.4%	140,300	-1.0%	0.72%	-4.3%
T	Sell	AT&T INC	$3,529,000	-9.0%	90,093	-12.3%	0.71%	-15.7%
MET	Sell	METLIFE INC	$3,496,000	-7.6%	67,300	-2.3%	0.70%	-14.5%
MCD	Buy	MCDONALDS CORP	$3,169,000	+5.7%	20,227	+3.4%	0.64%	-2.2%
MMM	Sell	3M CO	$2,980,000	-0.4%	14,195	-1.2%	0.60%	-7.7%
HD	Buy	HOME DEPOT INC	$2,962,000	+55.2%	18,109	+45.5%	0.60%	+43.6%
ADBE	Buy	ADOBE SYS INC	$2,749,000	+7.6%	18,429	+2.0%	0.55%	-0.4%
SBUX	Buy	STARBUCKS CORP	$2,630,000	-6.4%	48,973	+1.7%	0.53%	-13.3%
INTC	Sell	INTEL CORP	$2,039,000	+0.5%	53,548	-10.9%	0.41%	-6.8%
MAR	Sell	MARRIOTT INTL INC NEWcl a	$2,023,000	+3.7%	18,350	-5.7%	0.41%	-4.0%
NKE	Sell	NIKE INCcl b	$1,965,000	-15.6%	37,900	-4.0%	0.40%	-21.9%
NVS	Buy	NOVARTIS A Gsponsored adr	$1,794,000	+465.9%	20,900	+450.0%	0.36%	+423.2%
EQC	Sell	EQUITY COMWLTH	$1,766,000	-13.6%	58,100	-10.2%	0.36%	-20.0%
ALK	Sell	ALASKA AIR GROUP INC	$1,711,000	-39.8%	22,435	-29.1%	0.34%	-44.2%
EW	New	EDWARDS LIFESCIENCES CORP	$1,536,000	–	14,050	–	0.31%	–
MDT	Sell	MEDTRONIC PLC	$1,427,000	-13.3%	18,350	-1.1%	0.29%	-19.6%
EXAS	New	EXACT SCIENCES CORP	$1,414,000	–	30,000	–	0.28%	–
ANET	Buy	ARISTA NETWORKS INC	$1,380,000	+38.7%	7,278	+9.5%	0.28%	+28.2%
KO	New	COCA COLA CO	$1,328,000	–	29,500	–	0.27%	–
K	New	KELLOGG CO	$1,266,000	–	20,300	–	0.26%	–
ORCL	Sell	ORACLE CORP	$1,175,000	-9.2%	24,300	-5.8%	0.24%	-16.0%
LMT	Buy	LOCKHEED MARTIN CORP	$1,140,000	+51.0%	3,675	+35.2%	0.23%	+39.6%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$1,083,000	+2.1%	4,310	-1.8%	0.22%	-5.2%
WRI	New	WEINGARTEN RLTY INVSsh ben int	$1,070,000	–	33,700	–	0.22%	–
WFC	Sell	WELLS FARGO CO NEW	$1,009,000	-6.0%	18,291	-5.5%	0.20%	-12.9%
PEP	Sell	PEPSICO INC	$997,000	-64.5%	8,950	-63.2%	0.20%	-67.2%
CCL	Sell	CARNIVAL CORPunit 99/99/9999	$952,000	-4.1%	14,750	-2.6%	0.19%	-11.6%
JCI	New	JOHNSON CTLS INTL PLC	$951,000	–	23,600	–	0.19%	–
NVTA	New	INVITAE CORP	$918,000	–	98,000	–	0.18%	–
ABT	Sell	ABBOTT LABS	$907,000	+7.2%	17,000	-2.3%	0.18%	-1.1%
MLM	New	MARTIN MARIETTA MATLS INC	$892,000	–	4,325	–	0.18%	–
CDNA	Buy	CAREDX INC	$869,000	+7800.0%	235,000	+2250.0%	0.18%	+8650.0%
CCI	Sell	CROWN CASTLE INTL CORP NEW	$870,000	-1.4%	8,700	-1.1%	0.18%	-8.9%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$811,000	-5.4%	5,592	+0.4%	0.16%	-12.4%
CRM	Buy	SALESFORCE COM INC	$683,000	+15.2%	7,316	+6.9%	0.14%	+6.2%
ABBV	Sell	ABBVIE INC	$662,000	+17.8%	7,450	-3.9%	0.13%	+9.0%
XOM	Sell	EXXON MOBIL CORP	$589,000	-17.9%	7,179	-19.1%	0.12%	-24.4%
CMCSA	Buy	COMCAST CORP NEWcl a	$556,000	+1.5%	14,450	+2.6%	0.11%	-5.9%
GNMK	New	GENMARK DIAGNOSTICS INC	$481,000	–	50,000	–	0.10%	–
LLY	Sell	LILLY ELI & CO	$466,000	-1.5%	5,450	-5.2%	0.09%	-8.7%
DEO	New	DIAGEO P L Cspon adr new	$468,000	–	3,540	–	0.09%	–
DLR	New	DIGITAL RLTY TR INC	$450,000	–	3,800	–	0.09%	–
BMY	Sell	BRISTOL MYERS SQUIBB CO	$435,000	-6.5%	6,820	-18.3%	0.09%	-13.9%
3106PS	New	DELPHI AUTOMOTIVE PLC	$374,000	–	3,800	–	0.08%	–
PSX	Sell	PHILLIPS 66	$366,000	-20.3%	4,000	-28.0%	0.07%	-26.0%
QCOM	Sell	QUALCOMM INC	$353,000	-95.5%	6,800	-95.2%	0.07%	-95.8%
CG	Sell	CARLYLE GROUP L P	$329,000	+0.9%	13,925	-15.6%	0.07%	-7.0%
PSA	New	PUBLIC STORAGE	$287,000	–	1,340	–	0.06%	–
HON	Sell	HONEYWELL INTL INC	$271,000	-3.6%	1,915	-9.2%	0.05%	-11.5%
KLAC	Sell	KLA-TENCOR CORP	$265,000	+9.1%	2,500	-5.7%	0.05%	0.0%
BUD	Sell	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$251,000	-24.4%	2,104	-30.0%	0.05%	-30.6%
ITW	Buy	ILLINOIS TOOL WKS INC	$235,000	+10.3%	1,590	+6.7%	0.05%	+2.2%
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$209,000	–	1,435	–	0.04%	–
PFF	Sell	ISHARES TRs&p us pfd stk	$202,000	-27.3%	5,200	-26.8%	0.04%	-31.7%
TXN	New	TEXAS INSTRS INC	$201,000	–	2,242	–	0.04%	–
NFLX	New	NETFLIX INC	$201,000	–	1,110	–	0.04%	–
CRNT	Sell	CERAGON NETWORKS LTDord	$193,000	-24.3%	93,000	-7.1%	0.04%	-29.1%
IRWD	Sell	IRONWOOD PHARMACEUTICALS INC	$179,000	-80.9%	11,380	-77.0%	0.04%	-82.3%
DRWIQ	Exit	DRAGONWAVE INC	$0	–	-237,000	–	0.00%	–
STRM	Exit	STREAMLINE HEALTH SOLUTIONS	$0	–	-15,121	–	-0.00%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-2,700	–	-0.04%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-8,500	–	-0.06%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-9,100	–	-0.11%	–
OHI	Exit	OMEGA HEALTHCARE INVS INC	$0	–	-24,500	–	-0.18%	–
DOW	Exit	DOW CHEM CO	$0	–	-28,680	–	-0.39%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-25,360	–	-0.44%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-65,420	–	-1.20%	–

Q2 2017

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$26,241,000	–	182,207	–	5.70%	–
GOOGL	New	ALPHABET INCcap stk cl a	$23,091,000	–	24,838	–	5.01%	–
DIS	New	DISNEY WALT CO	$18,698,000	–	175,983	–	4.06%	–
MSFT	New	MICROSOFT CORP	$18,543,000	–	269,013	–	4.03%	–
AMZN	New	AMAZON COM INC	$18,438,000	–	19,048	–	4.00%	–
JPM	New	JPMORGAN CHASE & CO	$16,975,000	–	185,718	–	3.69%	–
V	New	VISA INC	$16,770,000	–	178,827	–	3.64%	–
MRK	New	MERCK & CO INC	$15,348,000	–	239,476	–	3.33%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$14,927,000	–	85,559	–	3.24%	–
PFE	New	PFIZER INC	$14,542,000	–	432,940	–	3.16%	–
CELG	New	CELGENE CORP	$14,529,000	–	111,875	–	3.16%	–
GS	New	GOLDMAN SACHS GROUP INC	$12,756,000	–	57,486	–	2.77%	–
DHR	New	DANAHER CORP DEL	$12,451,000	–	147,537	–	2.70%	–
TWX	New	TIME WARNER INC	$11,006,000	–	109,610	–	2.39%	–
FB	New	FACEBOOK INCcl a	$10,846,000	–	71,837	–	2.36%	–
BA	New	BOEING CO	$10,284,000	–	52,006	–	2.23%	–
GOOG	New	ALPHABET INCcap stk cl c	$8,789,000	–	9,672	–	1.91%	–
QCOM	New	QUALCOMM INC	$7,816,000	–	141,545	–	1.70%	–
SLB	New	SCHLUMBERGER LTD	$7,621,000	–	115,757	–	1.66%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$7,243,000	–	72,357	–	1.57%	–
NVDA	New	NVIDIA CORP	$7,156,000	–	49,504	–	1.55%	–
BX	New	BLACKSTONE GROUP L P	$7,132,000	–	213,850	–	1.55%	–
GE	New	GENERAL ELECTRIC CO	$6,373,000	–	235,950	–	1.38%	–
BSX	New	BOSTON SCIENTIFIC CORP	$5,767,000	–	208,051	–	1.25%	–
GDV	New	GABELLI DIVD & INCOME TR	$5,639,000	–	258,450	–	1.22%	–
VZ	New	VERIZON COMMUNICATIONS INC	$5,573,000	–	124,778	–	1.21%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$5,564,000	–	32,850	–	1.21%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$5,521,000	–	65,420	–	1.20%	–
COST	New	COSTCO WHSL CORP NEW	$5,318,000	–	33,249	–	1.16%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$4,940,000	–	63,370	–	1.07%	–
CVX	New	CHEVRON CORP NEW	$4,660,000	–	44,662	–	1.01%	–
PG	New	PROCTER AND GAMBLE CO	$4,366,000	–	50,100	–	0.95%	–
KKR	New	KKR & CO L P DEL	$4,165,000	–	223,910	–	0.90%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$4,150,000	–	53,000	–	0.90%	–
EOG	New	EOG RES INC	$4,115,000	–	45,459	–	0.89%	–
VOD	New	VODAFONE GROUP PLC NEWsponsored adr	$4,028,000	–	140,200	–	0.88%	–
T	New	AT&T INC	$3,876,000	–	102,743	–	0.84%	–
MON	New	MONSANTO CO NEW	$3,859,000	–	32,600	–	0.84%	–
JNJ	New	JOHNSON & JOHNSON	$3,826,000	–	28,925	–	0.83%	–
MET	New	METLIFE INC	$3,785,000	–	68,900	–	0.82%	–
BAC	New	BANK AMER CORP	$3,438,000	–	141,700	–	0.75%	–
BLK	New	BLACKROCK INC	$3,372,000	–	7,983	–	0.73%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$3,013,000	–	70,132	–	0.65%	–
MCD	New	MCDONALDS CORP	$2,997,000	–	19,567	–	0.65%	–
MMM	New	3M CO	$2,991,000	–	14,365	–	0.65%	–
ALK	New	ALASKA AIR GROUP INC	$2,841,000	–	31,650	–	0.62%	–
SBUX	New	STARBUCKS CORP	$2,809,000	–	48,168	–	0.61%	–
PEP	New	PEPSICO INC	$2,806,000	–	24,300	–	0.61%	–
ADBE	New	ADOBE SYS INC	$2,556,000	–	18,070	–	0.56%	–
FNV	New	FRANCO NEVADA CORP	$2,475,000	–	34,300	–	0.54%	–
NKE	New	NIKE INCcl b	$2,328,000	–	39,460	–	0.51%	–
DD	New	DU PONT E I DE NEMOURS & CO	$2,047,000	–	25,360	–	0.44%	–
EQC	New	EQUITY COMWLTH	$2,045,000	–	64,700	–	0.44%	–
INTC	New	INTEL CORP	$2,028,000	–	60,098	–	0.44%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$1,951,000	–	19,450	–	0.42%	–
HD	New	HOME DEPOT INC	$1,909,000	–	12,443	–	0.42%	–
DOW	New	DOW CHEM CO	$1,809,000	–	28,680	–	0.39%	–
MDT	New	MEDTRONIC PLC	$1,646,000	–	18,550	–	0.36%	–
ORCL	New	ORACLE CORP	$1,294,000	–	25,800	–	0.28%	–
WFC	New	WELLS FARGO CO NEW	$1,073,000	–	19,356	–	0.23%	–
PCLN	New	PRICELINE GRP INC	$1,072,000	–	573	–	0.23%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,061,000	–	4,388	–	0.23%	–
NTRS	New	NORTHERN TR CORP	$1,035,000	–	10,650	–	0.22%	–
ANET	New	ARISTA NETWORKS INC	$995,000	–	6,644	–	0.22%	–
CCL	New	CARNIVAL CORPunit 99/99/9999	$993,000	–	15,150	–	0.22%	–
IRWD	New	IRONWOOD PHARMACEUTICALS INC	$936,000	–	49,580	–	0.20%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$882,000	–	8,800	–	0.19%	–
PHYS	New	SPROTT PHYSICAL GOLD TRUSTunit	$881,000	–	87,000	–	0.19%	–
PNR	New	PENTAIR PLC	$870,000	–	13,078	–	0.19%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$857,000	–	5,572	–	0.19%	–
ABT	New	ABBOTT LABS	$846,000	–	17,400	–	0.18%	–
OHI	New	OMEGA HEALTHCARE INVS INC	$809,000	–	24,500	–	0.18%	–
LMT	New	LOCKHEED MARTIN CORP	$755,000	–	2,719	–	0.16%	–
XOM	New	EXXON MOBIL CORP	$717,000	–	8,879	–	0.16%	–
AXP	New	AMERICAN EXPRESS CO	$718,000	–	8,525	–	0.16%	–
FTNT	New	FORTINET INC	$674,000	–	18,000	–	0.15%	–
CRM	New	SALESFORCE COM INC	$593,000	–	6,842	–	0.13%	–
D	New	DOMINION ENERGY INC	$590,000	–	7,698	–	0.13%	–
ABBV	New	ABBVIE INC	$562,000	–	7,750	–	0.12%	–
RPXC	New	RPX CORP	$558,000	–	40,000	–	0.12%	–
CMCSA	New	COMCAST CORP NEWcl a	$548,000	–	14,080	–	0.12%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$511,000	–	11,850	–	0.11%	–
DAL	New	DELTA AIR LINES INC DEL	$489,000	–	9,100	–	0.11%	–
LLY	New	LILLY ELI & CO	$473,000	–	5,750	–	0.10%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$465,000	–	8,350	–	0.10%	–
PSX	New	PHILLIPS 66	$459,000	–	5,553	–	0.10%	–
NEE	New	NEXTERA ENERGY INC	$420,000	–	3,000	–	0.09%	–
HAS	New	HASBRO INC	$399,000	–	3,581	–	0.09%	–
BSM	New	BLACK STONE MINERALS L P	$394,000	–	25,000	–	0.09%	–
SIX	New	SIX FLAGS ENTMT CORP NEW	$358,000	–	6,000	–	0.08%	–
CAKE	New	CHEESECAKE FACTORY INC	$352,000	–	7,000	–	0.08%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$332,000	–	3,004	–	0.07%	–
CG	New	CARLYLE GROUP L P	$326,000	–	16,500	–	0.07%	–
NVS	New	NOVARTIS A Gsponsored adr	$317,000	–	3,800	–	0.07%	–
LUV	New	SOUTHWEST AIRLS CO	$320,000	–	5,157	–	0.07%	–
VTR	New	VENTAS INC	$313,000	–	4,500	–	0.07%	–
TROW	New	PRICE T ROWE GROUP INC	$297,000	–	4,000	–	0.06%	–
HON	New	HONEYWELL INTL INC	$281,000	–	2,110	–	0.06%	–
PFF	New	ISHARES TRu.s. pfd stk etf	$278,000	–	7,100	–	0.06%	–
BIIB	New	BIOGEN INC	$271,000	–	1,000	–	0.06%	–
DVN	New	DEVON ENERGY CORP NEW	$272,000	–	8,500	–	0.06%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$255,000	–	1	–	0.06%	–
CRNT	New	CERAGON NETWORKS LTDord	$255,000	–	100,156	–	0.06%	–
KLAC	New	KLA-TENCOR CORP	$243,000	–	2,650	–	0.05%	–
ALGN	New	ALIGN TECHNOLOGY INC	$234,000	–	1,560	–	0.05%	–
DUK	New	DUKE ENERGY CORP NEW	$226,000	–	2,700	–	0.05%	–
UN	New	UNILEVER N V	$221,000	–	4,000	–	0.05%	–
ITW	New	ILLINOIS TOOL WKS INC	$213,000	–	1,490	–	0.05%	–
BMO	New	BANK MONTREAL QUE	$206,000	–	2,800	–	0.04%	–
WMT	New	WAL-MART STORES INC	$204,000	–	2,700	–	0.04%	–
STRM	New	STREAMLINE HEALTH SOLUTIONS	$16,000	–	15,121	–	0.00%	–
CDNA	New	CAREDX INC	$11,000	–	10,000	–	0.00%	–
DRWIQ	New	DRAGONWAVE INC	$0	–	237,000	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
STRM	Exit	STREAMLINE HEALTH SOLUTIONS	$0	–	-15,121	–	-0.01%	–
CSTM	Exit	CONSTELLIUM NVcl a	$0	–	-10,000	–	-0.02%	–
ZIOP	Exit	ZIOPHARM ONCOLOGY INC	$0	–	-20,000	–	-0.03%	–
SIX	Exit	SIX FLAGS ENTMT CORP NEWcall	$0	–	-3,000	–	-0.04%	–
SIX	Exit	SIX FLAGS ENTMT CORP NEW	$0	–	-3,000	–	-0.04%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-500	–	-0.05%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-2,333	–	-0.05%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,700	–	-0.05%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.05%	–
BIIB	Exit	BIOGEN INC	$0	–	-700	–	-0.05%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-1,833	–	-0.05%	–
KO	Exit	COCA COLA CO	$0	–	-5,285	–	-0.05%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-1,900	–	-0.06%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-2,365	–	-0.06%	–
SVU	Exit	SUPERVALU INC	$0	–	-50,000	–	-0.06%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-5,000	–	-0.06%	–
NKE	Exit	NIKE INCcl b	$0	–	-5,240	–	-0.07%	–
PFF	Exit	ISHARES TRu.s. pfd stk etf	$0	–	-7,100	–	-0.07%	–
CHRW	Exit	C H ROBINSON WORLDWIDE INC	$0	–	-4,000	–	-0.07%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,500	–	-0.07%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,400	–	-0.07%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-2,600	–	-0.07%	–
VTR	Exit	VENTAS INC	$0	–	-4,500	–	-0.08%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-2,470	–	-0.08%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-8,400	–	-0.08%	–
CSCO	Exit	CISCO SYS INC	$0	–	-10,295	–	-0.08%	–
CAKE	Exit	CHEESECAKE FACTORY INC	$0	–	-7,000	–	-0.08%	–
GIS	Exit	GENERAL MLS INC	$0	–	-5,441	–	-0.08%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-3,650	–	-0.08%	–
UN	Exit	UNILEVER N V	$0	–	-8,000	–	-0.09%	–
XON	Exit	INTREXON CORP	$0	–	-14,500	–	-0.10%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-7,750	–	-0.10%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-5,850	–	-0.10%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-9,900	–	-0.10%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-6,615	–	-0.10%	–
MCD	Exit	MCDONALDS CORP	$0	–	-3,935	–	-0.11%	–
PSX	Exit	PHILLIPS 66	$0	–	-5,853	–	-0.11%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-3,900	–	-0.12%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-6,024	–	-0.13%	–
RPXC	Exit	RPX CORP	$0	–	-50,000	–	-0.13%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-12,900	–	-0.13%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-10,075	–	-0.16%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-9,683	–	-0.16%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-14,806	–	-0.16%	–
LLY	Exit	LILLY ELI & CO	$0	–	-8,175	–	-0.16%	–
ABT	Exit	ABBOTT LABS	$0	–	-15,730	–	-0.16%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-9,106	–	-0.16%	–
AYR	Exit	AIRCASTLE LTD	$0	–	-35,500	–	-0.17%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-10,650	–	-0.17%	–
FTNT	Exit	FORTINET INC	$0	–	-20,000	–	-0.18%	–
PSLV	Exit	SPROTT PHYSICAL SILVER TRtr unit	$0	–	-100,000	–	-0.18%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-5,177	–	-0.20%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-8,800	–	-0.20%	–
CG	Exit	CARLYLE GROUP L P	$0	–	-53,800	–	-0.20%	–
PNR	Exit	PENTAIR PLC	$0	–	-13,197	–	-0.20%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-6,774	–	-0.20%	–
IRWD	Exit	IRONWOOD PHARMACEUTICALS INCput	$0	–	-56,000	–	-0.21%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-18,950	–	-0.24%	–
OHI	Exit	OMEGA HEALTHCARE INVS INC	$0	–	-28,900	–	-0.25%	–
CCL	Exit	CARNIVAL CORPunit 99/99/9999	$0	–	-23,250	–	-0.27%	–
ORCL	Exit	ORACLE CORP	$0	–	-29,300	–	-0.28%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-48,100	–	-0.28%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-13,841	–	-0.29%	–
IRWD	Exit	IRONWOOD PHARMACEUTICALS INC	$0	–	-81,757	–	-0.31%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-19,900	–	-0.32%	–
FNV	Exit	FRANCO NEVADA CORP	$0	–	-20,000	–	-0.34%	–
HD	Exit	HOME DEPOT INC	$0	–	-11,210	–	-0.35%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-17,080	–	-0.37%	–
DOW	Exit	DOW CHEM CO	$0	–	-31,880	–	-0.40%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-20,000	–	-0.42%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-55,500	–	-0.42%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-44,350	–	-0.44%	–
BLK	Exit	BLACKROCK INC	$0	–	-5,250	–	-0.46%	–
EQC	Exit	EQUITY COMWLTH	$0	–	-69,600	–	-0.50%	–
EOG	Exit	EOG RES INC	$0	–	-22,600	–	-0.52%	–
INTC	Exit	INTEL CORP	$0	–	-59,748	–	-0.54%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-34,340	–	-0.55%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRUSTunit	$0	–	-243,300	–	-0.64%	–
PEP	Exit	PEPSICO INC	$0	–	-26,125	–	-0.68%	–
MMM	Exit	3M CO	$0	–	-16,247	–	-0.69%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-19,530	–	-0.72%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-27,492	–	-0.78%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-42,175	–	-0.80%	–
MET	Exit	METLIFE INC	$0	–	-77,400	–	-0.83%	–
MON	Exit	MONSANTO CO NEW	$0	–	-38,200	–	-0.94%	–
KKR	Exit	KKR & CO L P DEL	$0	–	-275,959	–	-0.94%	–
UAA	Exit	UNDER ARMOUR INCcl a	$0	–	-107,895	–	-1.00%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-30,870	–	-1.07%	–
T	Exit	AT&T INC	$0	–	-113,713	–	-1.11%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-187,590	–	-1.15%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-30,655	–	-1.19%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-48,547	–	-1.20%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-67,450	–	-1.25%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-71,230	–	-1.28%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-61,125	–	-1.31%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-102,520	–	-1.33%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-72,205	–	-1.36%	–
BA	Exit	BOEING CO	$0	–	-52,075	–	-1.65%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-85,195	–	-1.65%	–
ABBV	Exit	ABBVIE INC	$0	–	-109,085	–	-1.65%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-9,842	–	-1.84%	–
GDV	Exit	GABELLI DIVD & INCOME TR	$0	–	-404,320	–	-1.86%	–
AMZN	Exit	AMAZON COM INC	$0	–	-9,325	–	-1.88%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-52,535	–	-2.01%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-69,885	–	-2.15%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-115,863	–	-2.18%	–
VOD	Exit	VODAFONE GROUP PLC NEWspnsr adr	$0	–	-342,460	–	-2.40%	–
V	Exit	VISA INC	$0	–	-124,430	–	-2.47%	–
QCOM	Exit	QUALCOMM INC	$0	–	-152,540	–	-2.51%	–
CELG	Exit	CELGENE CORP	$0	–	-120,430	–	-3.02%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-432,800	–	-3.08%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-194,005	–	-3.10%	–
MRK	Exit	MERCK & CO INC	$0	–	-208,031	–	-3.12%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-244,959	–	-3.39%	–
TWX	Exit	TIME WARNER INC	$0	–	-177,365	–	-3.39%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-308,688	–	-3.85%	–
PFE	Exit	PFIZER INC	$0	–	-502,615	–	-4.09%	–
DIS	Exit	DISNEY WALT CO	$0	–	-187,952	–	-4.19%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-25,860	–	-4.99%	–
AAPL	Exit	APPLE INC	$0	–	-215,204	–	-5.84%	–

Q3 2016

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$24,329,000	+12.1%	215,204	-5.2%	5.84%	+12.0%
GOOGL	Sell	ALPHABET INCcap stk cl a	$20,793,000	+10.9%	25,860	-2.9%	4.99%	+10.9%
DIS	Sell	DISNEY WALT CO	$17,453,000	-9.7%	187,952	-4.8%	4.19%	-9.7%
PFE	Sell	PFIZER INC	$17,024,000	-5.6%	502,615	-1.8%	4.09%	-5.7%
VZ	Sell	VERIZON COMMUNICATIONS INC	$16,046,000	-20.0%	308,688	-14.0%	3.85%	-20.0%
TWX	Sell	TIME WARNER INC	$14,120,000	+7.1%	177,365	-1.1%	3.39%	+7.0%
MSFT	Sell	MICROSOFT CORP	$14,110,000	+11.2%	244,959	-1.2%	3.39%	+11.1%
MRK	Sell	MERCK & CO INC	$12,983,000	+7.4%	208,031	-0.9%	3.12%	+7.3%
JPM	Sell	JPMORGAN CHASE & CO	$12,919,000	+6.0%	194,005	-1.1%	3.10%	+5.9%
GE	Buy	GENERAL ELECTRIC CO	$12,820,000	-5.5%	432,800	+0.4%	3.08%	-5.6%
CELG	Buy	CELGENE CORP	$12,589,000	+9.6%	120,430	+3.4%	3.02%	+9.5%
QCOM	Buy	QUALCOMM INC	$10,449,000	+37.8%	152,540	+7.8%	2.51%	+37.7%
V	Buy	VISA INC	$10,290,000	+20.8%	124,430	+8.3%	2.47%	+20.7%
VOD	Sell	VODAFONE GROUP PLC NEWspnsr adr	$9,983,000	-9.7%	342,460	-4.3%	2.40%	-9.8%
DHR	Buy	DANAHER CORP DEL	$9,083,000	+17.6%	115,863	+51.5%	2.18%	+17.5%
FB	Sell	FACEBOOK INCcl a	$8,964,000	+10.4%	69,885	-1.7%	2.15%	+10.3%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$8,356,000	+7.2%	52,535	-0.4%	2.01%	+7.2%
AMZN	Buy	AMAZON COM INC	$7,808,000	+18.5%	9,325	+1.2%	1.88%	+18.4%
GDV	Sell	GABELLI DIVD & INCOME TR	$7,767,000	-0.9%	404,320	-1.3%	1.86%	-1.0%
ABBV	Sell	ABBVIE INC	$6,880,000	-1.3%	109,085	-3.1%	1.65%	-1.4%
WBA	Buy	WALGREENS BOOTS ALLIANCE INC	$6,868,000	+10.7%	85,195	+14.4%	1.65%	+10.6%
BA	Sell	BOEING CO	$6,860,000	+0.7%	52,075	-0.7%	1.65%	+0.6%
SLB	Sell	SCHLUMBERGER LTD	$5,678,000	-1.0%	72,205	-0.5%	1.36%	-1.2%
SBUX	Buy	STARBUCKS CORP	$5,550,000	-4.6%	102,520	+0.6%	1.33%	-4.6%
CVS	Buy	CVS HEALTH CORP	$5,440,000	+15.2%	61,125	+24.0%	1.31%	+15.1%
AWK	Buy	AMERICAN WTR WKS CO INC NEW	$5,331,000	-9.4%	71,230	+2.3%	1.28%	-9.5%
FRC	Sell	FIRST REP BK SAN FRANCISCO C	$5,201,000	+7.0%	67,450	-2.9%	1.25%	+6.9%
CVX	Buy	CHEVRON CORP NEW	$4,996,000	-1.4%	48,547	+0.4%	1.20%	-1.5%
GS	Sell	GOLDMAN SACHS GROUP INC	$4,944,000	+6.8%	30,655	-1.6%	1.19%	+6.7%
BX	Buy	BLACKSTONE GROUP L P	$4,789,000	+34.6%	187,590	+29.4%	1.15%	+34.5%
T	Buy	AT&T INC	$4,618,000	-5.9%	113,713	+0.1%	1.11%	-5.9%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$4,460,000	-1.6%	30,870	-1.3%	1.07%	-1.7%
UAA	Buy	UNDER ARMOUR INCcl a	$4,173,000	+74.5%	107,895	+81.0%	1.00%	+74.3%
KKR	Sell	KKR & CO L P DEL	$3,935,000	+11.4%	275,959	-3.6%	0.94%	+11.3%
MON	Sell	MONSANTO CO NEW	$3,904,000	-4.9%	38,200	-3.8%	0.94%	-5.1%
MET	Sell	METLIFE INC	$3,439,000	-10.2%	77,400	-19.5%	0.83%	-10.2%
NVS	Sell	NOVARTIS A Gsponsored adr	$3,330,000	-19.5%	42,175	-15.8%	0.80%	-19.5%
JNJ	Sell	JOHNSON & JOHNSON	$3,248,000	-6.0%	27,492	-3.5%	0.78%	-6.1%
MMM	Sell	3M CO	$2,863,000	-0.1%	16,247	-0.7%	0.69%	-0.3%
PHYS	Buy	SPROTT PHYSICAL GOLD TRUSTunit	$2,664,000	+4.1%	243,300	+4.4%	0.64%	+4.1%
INTC	Sell	INTEL CORP	$2,255,000	+14.8%	59,748	-0.3%	0.54%	+14.6%
EOG	Sell	EOG RES INC	$2,186,000	+13.0%	22,600	-2.6%	0.52%	+12.9%
EQC	Buy	EQUITY COMWLTH	$2,103,000	+43.3%	69,600	+38.1%	0.50%	+43.1%
PYPL	Sell	PAYPAL HLDGS INC	$1,817,000	-47.5%	44,350	-53.2%	0.44%	-47.5%
DOW	Sell	DOW CHEM CO	$1,652,000	-3.0%	31,880	-6.9%	0.40%	-2.9%
PG	Sell	PROCTER AND GAMBLE CO	$1,533,000	-2.2%	17,080	-7.7%	0.37%	-2.4%
HD	Buy	HOME DEPOT INC	$1,443,000	+2.0%	11,210	+1.2%	0.35%	+2.1%
MAR	New	MARRIOTT INTL INC NEWcl a	$1,340,000	–	19,900	–	0.32%	–
IRWD	Buy	IRONWOOD PHARMACEUTICALS INC	$1,298,000	+29.3%	81,757	+6.5%	0.31%	+29.5%
XOM	Sell	EXXON MOBIL CORP	$1,208,000	-10.1%	13,841	-3.5%	0.29%	-10.2%
FOXA	Sell	TWENTY FIRST CENTY FOX INCcl a	$1,165,000	-10.9%	48,100	-0.4%	0.28%	-10.8%
ORCL	Sell	ORACLE CORP	$1,151,000	-21.0%	29,300	-17.7%	0.28%	-21.1%
CCL	Sell	CARNIVAL CORPunit 99/99/9999	$1,135,000	-4.0%	23,250	-13.1%	0.27%	-3.9%
OHI	Sell	OMEGA HEALTHCARE INVS INC	$1,025,000	+1.0%	28,900	-3.3%	0.25%	+0.8%
AMCX	Sell	AMC NETWORKS INCcl a	$983,000	-26.5%	18,950	-14.4%	0.24%	-26.7%
CG	Sell	CARLYLE GROUP L P	$838,000	-13.5%	53,800	-9.9%	0.20%	-13.7%
NTRS	Sell	NORTHERN TR CORP	$724,000	-16.9%	10,650	-19.0%	0.17%	-16.7%
ABT	Sell	ABBOTT LABS	$665,000	-1.8%	15,730	-8.7%	0.16%	-1.8%
WFC	Sell	WELLS FARGO & CO NEW	$656,000	-21.2%	14,806	-15.9%	0.16%	-21.0%
LLY	Sell	LILLY ELI & CO	$656,000	-9.3%	8,175	-10.9%	0.16%	-9.2%
NVO	Sell	NOVO-NORDISK A Sadr	$537,000	-37.6%	12,900	-19.4%	0.13%	-37.7%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$531,000	-11.4%	6,024	-7.7%	0.13%	-11.1%
NEE	Sell	NEXTERA ENERGY INC	$477,000	-8.6%	3,900	-2.5%	0.12%	-8.0%
PSX	Sell	PHILLIPS 66	$471,000	-1.1%	5,853	-2.5%	0.11%	-0.9%
CMCSA	Buy	COMCAST CORP NEWcl a	$439,000	+6.8%	6,615	+5.0%	0.10%	+6.1%
XON	Sell	INTREXON CORP	$406,000	+6.6%	14,500	-6.5%	0.10%	+5.4%
DAL	Sell	DELTA AIR LINES INC DEL	$331,000	-21.7%	8,400	-27.6%	0.08%	-22.5%
BUD	Sell	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$325,000	-44.8%	2,470	-44.7%	0.08%	-45.1%
PFF	New	ISHARES TRu.s. pfd stk etf	$280,000	–	7,100	–	0.07%	–
NKE	Sell	NIKE INCcl b	$276,000	-45.3%	5,240	-42.7%	0.07%	-45.5%
SVU	Sell	SUPERVALU INC	$249,000	-5.7%	50,000	-10.7%	0.06%	-4.8%
UTX	Buy	UNITED TECHNOLOGIES CORP	$240,000	+8.1%	2,365	+9.2%	0.06%	+9.4%
ITW	Sell	ILLINOIS TOOL WKS INC	$228,000	+6.5%	1,900	-7.3%	0.06%	+7.8%
KO	Sell	COCA COLA CO	$224,000	-21.4%	5,285	-15.9%	0.05%	-20.6%
ACN	Sell	ACCENTURE PLC IRELAND	$224,000	+2.3%	1,833	-5.2%	0.05%	+1.9%
BIIB	New	BIOGEN INC	$219,000	–	700	–	0.05%	–
REGN	New	REGENERON PHARMACEUTICALS	$201,000	–	500	–	0.05%	–
DRWIW	Exit	DRAGONWAVE INC*w exp 08/01/201	$0	–	-375,000	–	-0.00%	–
IRWD	Exit	IRONWOOD PHARMACEUTICALS INCcall	$0	–	-5,000	–	-0.02%	–
PX	Exit	PRAXAIR INC	$0	–	-2,000	–	-0.05%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-4,242	–	-0.06%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-13,000	–	-0.07%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-3,900	–	-0.08%	–
TWTR	Exit	TWITTER INC	$0	–	-89,700	–	-0.36%	–
UA	Exit	UNDER ARMOUR INCcl c	$0	–	-59,465	–	-0.52%	–
ILMN	Exit	ILLUMINA INC	$0	–	-22,415	–	-0.76%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-53,935	–	-1.08%	–

Q2 2016

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$21,704,000	–	227,026	–	5.22%	–
VZ	New	VERIZON COMMUNICATIONS INC	$20,052,000	–	359,101	–	4.82%	–
DIS	New	DISNEY WALT CO	$19,318,000	–	197,482	–	4.64%	–
GOOGL	New	ALPHABET INCcap stk cl a	$18,741,000	–	26,639	–	4.50%	–
PFE	New	PFIZER INC	$18,029,000	–	512,035	–	4.33%	–
GE	New	GENERAL ELECTRIC CO	$13,569,000	–	431,050	–	3.26%	–
TWX	New	TIME WARNER INC	$13,186,000	–	179,300	–	3.17%	–
MSFT	New	MICROSOFT CORP	$12,693,000	–	248,059	–	3.05%	–
JPM	New	JPMORGAN CHASE & CO	$12,187,000	–	196,125	–	2.93%	–
MRK	New	MERCK & CO INC	$12,092,000	–	209,890	–	2.91%	–
CELG	New	CELGENE CORP	$11,483,000	–	116,425	–	2.76%	–
VOD	New	VODAFONE GROUP PLC NEWspnsr adr	$11,060,000	–	358,030	–	2.66%	–
V	New	VISA INC	$8,520,000	–	114,870	–	2.05%	–
FB	New	FACEBOOK INCcl a	$8,121,000	–	71,065	–	1.95%	–
GDV	New	GABELLI DIVD & INCOME TR	$7,834,000	–	409,520	–	1.88%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,792,000	–	52,735	–	1.87%	–
DHR	New	DANAHER CORP DEL	$7,722,000	–	76,456	–	1.86%	–
QCOM	New	QUALCOMM INC	$7,581,000	–	141,510	–	1.82%	–
ABBV	New	ABBVIE INC	$6,969,000	–	112,560	–	1.68%	–
BA	New	BOEING CO	$6,810,000	–	52,435	–	1.64%	–
GOOG	New	ALPHABET INCcap stk cl c	$6,812,000	–	9,842	–	1.64%	–
AMZN	New	AMAZON COM INC	$6,591,000	–	9,210	–	1.58%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$6,204,000	–	74,500	–	1.49%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$5,886,000	–	69,650	–	1.42%	–
SBUX	New	STARBUCKS CORP	$5,819,000	–	101,870	–	1.40%	–
SLB	New	SCHLUMBERGER LTD	$5,738,000	–	72,555	–	1.38%	–
CVX	New	CHEVRON CORP NEW	$5,068,000	–	48,347	–	1.22%	–
T	New	AT&T INC	$4,907,000	–	113,573	–	1.18%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$4,861,000	–	69,450	–	1.17%	–
CVS	New	CVS HEALTH CORP	$4,721,000	–	49,310	–	1.14%	–
GS	New	GOLDMAN SACHS GROUP INC	$4,629,000	–	31,155	–	1.11%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$4,531,000	–	31,291	–	1.09%	–
GILD	New	GILEAD SCIENCES INC	$4,499,000	–	53,935	–	1.08%	–
NVS	New	NOVARTIS A Gsponsored adr	$4,135,000	–	50,115	–	0.99%	–
MON	New	MONSANTO CO NEW	$4,105,000	–	39,700	–	0.99%	–
MET	New	METLIFE INC	$3,829,000	–	96,140	–	0.92%	–
BX	New	BLACKSTONE GROUP L P	$3,557,000	–	144,940	–	0.86%	–
KKR	New	KKR & CO L P DEL	$3,533,000	–	286,309	–	0.85%	–
JNJ	New	JOHNSON & JOHNSON	$3,456,000	–	28,492	–	0.83%	–
PYPL	New	PAYPAL HLDGS INC	$3,459,000	–	94,750	–	0.83%	–
ILMN	New	ILLUMINA INC	$3,147,000	–	22,415	–	0.76%	–
COST	New	COSTCO WHSL CORP NEW	$3,067,000	–	19,530	–	0.74%	–
MMM	New	3M CO	$2,865,000	–	16,362	–	0.69%	–
PEP	New	PEPSICO INC	$2,768,000	–	26,125	–	0.66%	–
PHYS	New	SPROTT PHYSICAL GOLD TRUSTunit	$2,558,000	–	233,000	–	0.62%	–
UAA	New	UNDER ARMOUR INCcl a	$2,392,000	–	59,595	–	0.58%	–
DD	New	DU PONT E I DE NEMOURS & CO	$2,225,000	–	34,340	–	0.54%	–
UA	New	UNDER ARMOUR INCcl c	$2,165,000	–	59,465	–	0.52%	–
INTC	New	INTEL CORP	$1,965,000	–	59,898	–	0.47%	–
EOG	New	EOG RES INC	$1,935,000	–	23,200	–	0.46%	–
BLK	New	BLACKROCK INC	$1,798,000	–	5,250	–	0.43%	–
MDT	New	MEDTRONIC PLC	$1,735,000	–	20,000	–	0.42%	–
DOW	New	DOW CHEM CO	$1,703,000	–	34,260	–	0.41%	–
PG	New	PROCTER & GAMBLE CO	$1,567,000	–	18,510	–	0.38%	–
FNV	New	FRANCO NEVADA CORP	$1,521,000	–	20,000	–	0.37%	–
TWTR	New	TWITTER INC	$1,517,000	–	89,700	–	0.36%	–
EQC	New	EQUITY COMWLTH	$1,468,000	–	50,400	–	0.35%	–
ORCL	New	ORACLE CORP	$1,457,000	–	35,600	–	0.35%	–
HD	New	HOME DEPOT INC	$1,415,000	–	11,080	–	0.34%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$1,405,000	–	55,500	–	0.34%	–
XOM	New	EXXON MOBIL CORP	$1,344,000	–	14,341	–	0.32%	–
AMCX	New	AMC NETWORKS INCcl a	$1,338,000	–	22,150	–	0.32%	–
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$1,307,000	–	48,300	–	0.31%	–
CCL	New	CARNIVAL CORPunit 99/99/9999	$1,182,000	–	26,750	–	0.28%	–
OHI	New	OMEGA HEALTHCARE INVS INC	$1,015,000	–	29,900	–	0.24%	–
IRWD	New	IRONWOOD PHARMACEUTICALS INC	$1,004,000	–	76,757	–	0.24%	–
CG	New	CARLYLE GROUP L P	$969,000	–	59,700	–	0.23%	–
KMB	New	KIMBERLY CLARK CORP	$931,000	–	6,774	–	0.22%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$893,000	–	8,800	–	0.22%	–
NTRS	New	NORTHERN TR CORP	$871,000	–	13,150	–	0.21%	–
NVO	New	NOVO-NORDISK A Sadr	$860,000	–	16,000	–	0.21%	–
WFC	New	WELLS FARGO & CO NEW	$833,000	–	17,606	–	0.20%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$786,000	–	5,177	–	0.19%	–
PNR	New	PENTAIR PLC	$769,000	–	13,197	–	0.18%	–
IRWD	New	IRONWOOD PHARMACEUTICALS INCput	$732,000	–	56,000	–	0.18%	–
LLY	New	LILLY ELI & CO	$723,000	–	9,175	–	0.17%	–
PSLV	New	SPROTT PHYSICAL SILVER TRtr unit	$725,000	–	100,000	–	0.17%	–
D	New	DOMINION RES INC VA NEW	$710,000	–	9,106	–	0.17%	–
TROW	New	PRICE T ROWE GROUP INC	$707,000	–	9,683	–	0.17%	–
AYR	New	AIRCASTLE LTD	$694,000	–	35,500	–	0.17%	–
ABT	New	ABBOTT LABS	$677,000	–	17,230	–	0.16%	–
FTNT	New	FORTINET INC	$632,000	–	20,000	–	0.15%	–
AXP	New	AMERICAN EXPRESS CO	$612,000	–	10,075	–	0.15%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$599,000	–	6,524	–	0.14%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$589,000	–	4,470	–	0.14%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$570,000	–	7,750	–	0.14%	–
NEE	New	NEXTERA ENERGY INC	$522,000	–	4,000	–	0.12%	–
NKE	New	NIKE INCcl b	$505,000	–	9,140	–	0.12%	–
MCD	New	MCDONALDS CORP	$474,000	–	3,935	–	0.11%	–
PSX	New	PHILLIPS 66	$476,000	–	6,003	–	0.11%	–
RPXC	New	RPX CORP	$458,000	–	50,000	–	0.11%	–
WMT	New	WAL-MART STORES INC	$427,000	–	5,850	–	0.10%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$429,000	–	9,900	–	0.10%	–
DAL	New	DELTA AIR LINES INC DEL	$423,000	–	11,600	–	0.10%	–
CMCSA	New	COMCAST CORP NEWcl a	$411,000	–	6,300	–	0.10%	–
GIS	New	GENERAL MLS INC	$388,000	–	5,441	–	0.09%	–
XON	New	INTREXON CORP	$381,000	–	15,500	–	0.09%	–
UN	New	UNILEVER N V	$376,000	–	8,000	–	0.09%	–
AMP	New	AMERIPRISE FINL INC	$350,000	–	3,900	–	0.08%	–
CAKE	New	CHEESECAKE FACTORY INC	$337,000	–	7,000	–	0.08%	–
VTR	New	VENTAS INC	$328,000	–	4,500	–	0.08%	–
NSC	New	NORFOLK SOUTHERN CORP	$311,000	–	3,650	–	0.08%	–
BSX	New	BOSTON SCIENTIFIC CORP	$304,000	–	13,000	–	0.07%	–
CSCO	New	CISCO SYS INC	$295,000	–	10,295	–	0.07%	–
CHRW	New	C H ROBINSON WORLDWIDE INC	$297,000	–	4,000	–	0.07%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$293,000	–	1,400	–	0.07%	–
HON	New	HONEYWELL INTL INC	$291,000	–	2,500	–	0.07%	–
KO	New	COCA COLA CO	$285,000	–	6,285	–	0.07%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$280,000	–	2,600	–	0.07%	–
TXN	New	TEXAS INSTRS INC	$266,000	–	4,242	–	0.06%	–
SVU	New	SUPERVALU INC	$264,000	–	56,000	–	0.06%	–
NLSN	New	NIELSEN HLDGS PLC	$260,000	–	5,000	–	0.06%	–
DUK	New	DUKE ENERGY CORP NEW	$232,000	–	2,700	–	0.06%	–
PX	New	PRAXAIR INC	$225,000	–	2,000	–	0.05%	–
ACN	New	ACCENTURE PLC IRELAND	$219,000	–	1,933	–	0.05%	–
UTX	New	UNITED TECHNOLOGIES CORP	$222,000	–	2,165	–	0.05%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$217,000	–	1	–	0.05%	–
ITW	New	ILLINOIS TOOL WKS INC	$214,000	–	2,050	–	0.05%	–
KHC	New	KRAFT HEINZ CO	$206,000	–	2,333	–	0.05%	–
SIX	New	SIX FLAGS ENTMT CORP NEWcall	$174,000	–	3,000	–	0.04%	–
SIX	New	SIX FLAGS ENTMT CORP NEW	$174,000	–	3,000	–	0.04%	–
ZIOP	New	ZIOPHARM ONCOLOGY INC	$110,000	–	20,000	–	0.03%	–
IRWD	New	IRONWOOD PHARMACEUTICALS INCcall	$65,000	–	5,000	–	0.02%	–
CSTM	New	CONSTELLIUM NVcl a	$47,000	–	10,000	–	0.01%	–
STRM	New	STREAMLINE HEALTH SOLUTIONS	$18,000	–	15,121	–	0.00%	–
DRWIW	New	DRAGONWAVE INC*w exp 08/01/201	$5,000	–	375,000	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
REN	Exit	RESOLUTE ENERGY CORP	$0	–	-12,000	–	-0.00%	–
DRWIW	Exit	DRAGONWAVE INC*w exp 08/01/201	$0	–	-375,000	–	-0.00%	–
STRM	Exit	STREAMLINE HEALTH SOLUTIONS	$0	–	-15,121	–	-0.01%	–
KMIWS	Exit	KINDER MORGAN INC DEL*w exp 05/25/201	$0	–	-120,000	–	-0.03%	–
PCK	Exit	PIMCO CALIF MUN INCOME FD II	$0	–	-13,000	–	-0.03%	–
WATT	Exit	ENERGOUS CORP	$0	–	-18,000	–	-0.03%	–
PX	Exit	PRAXAIR INC	$0	–	-2,000	–	-0.05%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-2,818	–	-0.05%	–
EOG	Exit	EOG RES INC	$0	–	-3,045	–	-0.06%	–
EMC	Exit	E M C CORP MASS	$0	–	-9,400	–	-0.06%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-2,774	–	-0.06%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-6,250	–	-0.06%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-25,000	–	-0.06%	–
GIS	Exit	GENERAL MLS INC	$0	–	-4,366	–	-0.06%	–
VTR	Exit	VENTAS INC	$0	–	-4,500	–	-0.06%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-2,664	–	-0.07%	–
CHRW	Exit	C H ROBINSON WORLDWIDE INC	$0	–	-4,000	–	-0.07%	–
SVU	Exit	SUPERVALU INC	$0	–	-40,000	–	-0.07%	–
CAKE	Exit	CHEESECAKE FACTORY INC	$0	–	-5,500	–	-0.08%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-4,059	–	-0.08%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-5,875	–	-0.08%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-5,465	–	-0.08%	–
UN	Exit	UNILEVER N V	$0	–	-8,650	–	-0.09%	–
RRC	Exit	RANGE RES CORP	$0	–	-11,000	–	-0.09%	–
TTE	Exit	TOTAL S Asponsored adr	$0	–	-8,700	–	-0.10%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-4,000	–	-0.10%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-5,089	–	-0.10%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-19,900	–	-0.10%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-8,750	–	-0.10%	–
LLY	Exit	LILLY ELI & CO	$0	–	-6,000	–	-0.13%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-4,770	–	-0.13%	–
CG	Exit	CARLYLE GROUP L P	$0	–	-31,700	–	-0.13%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-10,400	–	-0.14%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-8,800	–	-0.14%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-13,400	–	-0.15%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-8,734	–	-0.15%	–
PSX	Exit	PHILLIPS 66	$0	–	-8,003	–	-0.16%	–
XIV	Exit	CREDIT SUISSE NASSAU BRHinvrs vix sterm	$0	–	-26,000	–	-0.16%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-12,293	–	-0.16%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-9,106	–	-0.16%	–
DRWI	Exit	DRAGONWAVE INC	$0	–	-3,138,250	–	-0.16%	–
PNR	Exit	PENTAIR PLC	$0	–	-13,197	–	-0.17%	–
ADT	Exit	THE ADT CORPORATION	$0	–	-22,750	–	-0.17%	–
RPXC	Exit	RPX CORP	$0	–	-50,000	–	-0.17%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-6,494	–	-0.18%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-5,447	–	-0.20%	–
ABT	Exit	ABBOTT LABS	$0	–	-19,680	–	-0.20%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-13,446	–	-0.20%	–
AYR	Exit	AIRCASTLE LTD	$0	–	-39,800	–	-0.21%	–
IRWD	Exit	IRONWOOD PHARMACEUTICALS INC	$0	–	-79,415	–	-0.21%	–
OASPQ	Exit	OASIS PETE INC NEW	$0	–	-96,200	–	-0.21%	–
FTNT	Exit	FORTINET INC	$0	–	-20,000	–	-0.21%	–
ZIOP	Exit	ZIOPHARM ONCOLOGY INC	$0	–	-100,400	–	-0.23%	–
ECA	Exit	ENCANA CORP	$0	–	-143,500	–	-0.23%	–
OHI	Exit	OMEGA HEALTHCARE INVS INC	$0	–	-26,600	–	-0.24%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL INC	$0	–	-1,400	–	-0.25%	–
HD	Exit	HOME DEPOT INC	$0	–	-8,815	–	-0.26%	–
AMZN	Exit	AMAZON COM INC	$0	–	-2,010	–	-0.26%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-15,250	–	-0.26%	–
VA	Exit	VIRGIN AMER INC	$0	–	-31,100	–	-0.27%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-35,100	–	-0.27%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-15,284	–	-0.28%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-16,976	–	-0.28%	–
BLK	Exit	BLACKROCK INC	$0	–	-3,875	–	-0.29%	–
ORCL	Exit	ORACLE CORP	$0	–	-32,339	–	-0.29%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-14,828	–	-0.29%	–
XON	Exit	INTREXON CORP	$0	–	-38,300	–	-0.31%	–
EQC	Exit	EQUITY COMWLTH	$0	–	-47,700	–	-0.33%	–
TYC	Exit	TYCO INTL PLC	$0	–	-42,000	–	-0.35%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-22,440	–	-0.38%	–
CPN	Exit	CALPINE CORP	$0	–	-103,400	–	-0.38%	–
AMP	Exit	AMERIPRISE FINL INC	$0	–	-14,450	–	-0.40%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-23,050	–	-0.42%	–
INTC	Exit	INTEL CORP	$0	–	-57,315	–	-0.44%	–
UAA	Exit	UNDER ARMOUR INCcl a	$0	–	-18,350	–	-0.45%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-18,780	–	-0.46%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-22,300	–	-0.47%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-19,265	–	-0.48%	–
ILMN	Exit	ILLUMINA INC	$0	–	-10,790	–	-0.48%	–
DOW	Exit	DOW CHEM CO	$0	–	-47,875	–	-0.51%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-29,855	–	-0.56%	–
MMM	Exit	3M CO	$0	–	-15,807	–	-0.56%	–
MON	Exit	MONSANTO CO NEW	$0	–	-27,130	–	-0.58%	–
QCOM	Exit	QUALCOMM INC	$0	–	-44,040	–	-0.60%	–
PEP	Exit	PEPSICO INC	$0	–	-25,290	–	-0.60%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-85,700	–	-0.62%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-28,388	–	-0.64%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-34,311	–	-0.66%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-19,175	–	-0.70%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-36,386	–	-0.78%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-46,680	–	-0.87%	–
T	Exit	AT&T INC	$0	–	-107,023	–	-0.88%	–
DWA	Exit	DREAMWORKS ANIMATION SKG INCcl a	$0	–	-212,200	–	-0.93%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-40,312	–	-0.95%	–
ABBV	Exit	ABBVIE INC	$0	–	-70,710	–	-0.97%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-83,572	–	-1.01%	–
WFM	Exit	WHOLE FOODS MKT INC	$0	–	-126,800	–	-1.01%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-30,951	–	-1.02%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-76,000	–	-1.05%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-120,020	–	-1.12%	–
VOD	Exit	VODAFONE GROUP PLC NEWspnsr adr no par	$0	–	-147,065	–	-1.18%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-27,410	–	-1.20%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-151,640	–	-1.21%	–
V	Exit	VISA INC	$0	–	-69,540	–	-1.22%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-72,482	–	-1.26%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-106,980	–	-1.30%	–
TWX	Exit	TIME WARNER INC	$0	–	-75,250	–	-1.30%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-197,850	–	-1.34%	–
CELG	Exit	CELGENE CORP	$0	–	-53,613	–	-1.46%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-105,105	–	-1.50%	–
GDV	Exit	GABELLI DIVD & INCOME TR	$0	–	-359,175	–	-1.59%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-52,925	–	-1.63%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-10,649	–	-1.63%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-103,260	–	-1.63%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-86,338	–	-1.71%	–
BID	Exit	SOTHEBYS	$0	–	-219,830	–	-1.77%	–
BA	Exit	BOEING CO	$0	–	-60,140	–	-1.98%	–
KKR	Exit	KKR & CO L P DEL	$0	–	-538,299	–	-2.27%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-92,445	–	-2.30%	–
DIS	Exit	DISNEY WALT CO	$0	–	-91,217	–	-2.35%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-220,198	–	-2.45%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-108,500	–	-2.51%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-212,137	–	-2.64%	–
MET	Exit	METLIFE INC	$0	–	-245,859	–	-2.92%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-225,220	–	-3.46%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-556,875	–	-3.53%	–
PFE	Exit	PFIZER INC	$0	–	-488,100	–	-3.86%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-25,028	–	-4.02%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-420,739	–	-4.61%	–
AAPL	Exit	APPLE INC	$0	–	-245,747	–	-6.82%	–

Q3 2015

			Value		Shares		↓ Weighting
AAPL	Buy	APPLE INC	$27,106,000	-10.2%	245,747	+2.1%	6.82%	-0.0%
VZ	Sell	VERIZON COMMUNICATIONS INC	$18,306,000	-9.9%	420,739	-3.5%	4.61%	+0.3%
GOOGL	Buy	GOOGLE INCcl a	$15,977,000	+26.8%	25,028	+7.3%	4.02%	+41.3%
PFE	Buy	PFIZER INC	$15,331,000	-4.8%	488,100	+1.6%	3.86%	+6.0%
GE	Buy	GENERAL ELECTRIC CO	$14,044,000	-4.9%	556,875	+0.2%	3.53%	+5.9%
JPM	Buy	JPMORGAN CHASE & CO	$13,732,000	-8.9%	225,220	+1.2%	3.46%	+1.5%
MET	Buy	METLIFE INC	$11,592,000	-14.8%	245,859	+1.2%	2.92%	-5.1%
MRK	Sell	MERCK & CO INC NEW	$10,477,000	-17.0%	212,137	-4.4%	2.64%	-7.5%
NVS	Buy	NOVARTIS A Gsponsored adr	$9,973,000	+8.5%	108,500	+16.1%	2.51%	+21.0%
MSFT	Buy	MICROSOFT CORP	$9,746,000	+13.5%	220,198	+13.2%	2.45%	+26.4%
DIS	Buy	DISNEY WALT CO	$9,322,000	+30.9%	91,217	+46.2%	2.35%	+45.8%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$9,123,000	+9.7%	92,445	+7.7%	2.30%	+22.2%
KKR	Buy	KKR & CO L P DEL	$9,033,000	-9.0%	538,299	+24.0%	2.27%	+1.4%
BA	Sell	BOEING CO	$7,875,000	-25.3%	60,140	-20.9%	1.98%	-16.8%
BID	Buy	SOTHEBYS	$7,030,000	-18.2%	219,830	+15.8%	1.77%	-8.8%
CVX	Buy	CHEVRON CORP NEW	$6,810,000	-7.0%	86,338	+13.7%	1.71%	+3.6%
FRC	Buy	FIRST REP BK SAN FRANCISCO C	$6,482,000	-0.0%	103,260	+0.4%	1.63%	+11.4%
GOOG	Buy	GOOGLE INCcl c	$6,479,000	+17.4%	10,649	+0.5%	1.63%	+30.8%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$6,472,000	-17.1%	52,925	-12.0%	1.63%	-7.6%
GDV	Buy	GABELLI DIVD & INCOME TR	$6,307,000	-15.6%	359,175	+0.1%	1.59%	-5.9%
SBUX	Buy	STARBUCKS CORP	$5,974,000	+21.6%	105,105	+14.7%	1.50%	+35.4%
CELG	Buy	CELGENE CORP	$5,799,000	+33.7%	53,613	+43.1%	1.46%	+48.9%
FOXA	Sell	TWENTY FIRST CENTY FOX INCcl a	$5,338,000	-34.7%	197,850	-21.2%	1.34%	-27.2%
TWX	Buy	TIME WARNER INC	$5,173,000	+52.3%	75,250	+93.7%	1.30%	+69.8%
DD	Buy	DU PONT E I DE NEMOURS & CO	$5,156,000	-14.4%	106,980	+13.6%	1.30%	-4.6%
SLB	Sell	SCHLUMBERGER LTD	$4,999,000	-38.6%	72,482	-23.3%	1.26%	-31.6%
V	Buy	VISA INC	$4,844,000	+7.9%	69,540	+4.0%	1.22%	+20.2%
BX	Buy	BLACKSTONE GROUP L P	$4,802,000	-1.1%	151,640	+27.7%	1.21%	+10.2%
GS	Buy	GOLDMAN SACHS GROUP INC	$4,763,000	+2.1%	27,410	+22.7%	1.20%	+13.8%
VOD	Sell	VODAFONE GROUP PLC NEWspnsr adr no par	$4,668,000	-38.3%	147,065	-29.1%	1.18%	-31.2%
DVN	Sell	DEVON ENERGY CORP NEW	$4,452,000	-43.4%	120,020	-9.3%	1.12%	-37.0%
AWK	Buy	AMERICAN WTR WKS CO INC NEW	$4,186,000	+14.2%	76,000	+0.8%	1.05%	+27.2%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$4,036,000	-1.7%	30,951	+2.6%	1.02%	+9.6%
WFM	Buy	WHOLE FOODS MKT INC	$4,013,000	+39.1%	126,800	+73.3%	1.01%	+54.9%
COP	Buy	CONOCOPHILLIPS	$4,008,000	+0.8%	83,572	+29.1%	1.01%	+12.4%
ABBV	Buy	ABBVIE INC	$3,847,000	+133.9%	70,710	+188.8%	0.97%	+160.2%
JNJ	Sell	JOHNSON & JOHNSON	$3,763,000	-7.9%	40,312	-3.8%	0.95%	+2.7%
DWA	Buy	DREAMWORKS ANIMATION SKG INCcl a	$3,703,000	-18.9%	212,200	+22.6%	0.93%	-9.6%
T	Buy	AT&T INC	$3,487,000	-5.0%	107,023	+3.5%	0.88%	+5.9%
AXP	Sell	AMERICAN EXPRESS CO	$3,460,000	-24.0%	46,680	-20.3%	0.87%	-15.3%
DHR	New	DANAHER CORP DEL	$3,100,000	–	36,386	–	0.78%	–
COST	Buy	COSTCO WHSL CORP NEW	$2,772,000	+10.2%	19,175	+2.9%	0.70%	+22.9%
FB	Buy	FACEBOOK INCcl a	$2,552,000	+144.2%	28,388	+132.9%	0.64%	+172.0%
SCHW	Buy	SCHWAB CHARLES CORP NEW	$2,448,000	-11.5%	85,700	+1.2%	0.62%	-1.4%
PEP	Buy	PEPSICO INC	$2,385,000	+5.9%	25,290	+4.8%	0.60%	+17.9%
QCOM	Sell	QUALCOMM INC	$2,366,000	-44.2%	44,040	-34.9%	0.60%	-37.8%
MON	Sell	MONSANTO CO NEW	$2,315,000	-21.2%	27,130	-1.6%	0.58%	-12.2%
MMM	Buy	3M CO	$2,241,000	-5.9%	15,807	+2.4%	0.56%	+4.8%
XOM	Buy	EXXON MOBIL CORP	$2,220,000	-7.1%	29,855	+4.0%	0.56%	+3.5%
DOW	Buy	DOW CHEM CO	$2,030,000	-14.6%	47,875	+3.0%	0.51%	-4.8%
ILMN	Buy	ILLUMINA INC	$1,897,000	-12.3%	10,790	+9.0%	0.48%	-2.3%
GILD	Buy	GILEAD SCIENCES INC	$1,892,000	+18.9%	19,265	+41.8%	0.48%	+32.6%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$1,853,000	-33.9%	22,300	-32.8%	0.47%	-26.4%
CVS	Sell	CVS HEALTH CORP	$1,812,000	-26.3%	18,780	-19.8%	0.46%	-17.8%
UAA	Buy	UNDER ARMOUR INCcl a	$1,776,000	+44.7%	18,350	+24.8%	0.45%	+61.4%
INTC	Sell	INTEL CORP	$1,727,000	-12.8%	57,315	-12.0%	0.44%	-2.7%
AMCX	Sell	AMC NETWORKS INCcl a	$1,687,000	-10.8%	23,050	-0.2%	0.42%	-0.5%
AMP	Sell	AMERIPRISE FINL INC	$1,577,000	-19.9%	14,450	-8.3%	0.40%	-10.8%
CPN	Sell	CALPINE CORP	$1,510,000	-26.3%	103,400	-9.2%	0.38%	-17.9%
MDT	Buy	MEDTRONIC PLC	$1,502,000	-5.8%	22,440	+4.2%	0.38%	+5.0%
EQC	New	EQUITY COMWLTH	$1,299,000	–	47,700	–	0.33%	–
XON	Buy	INTREXON CORP	$1,218,000	+232.8%	38,300	+410.7%	0.31%	+269.9%
ORCL	Buy	ORACLE CORP	$1,168,000	-9.3%	32,339	+1.2%	0.29%	+1.0%
CCI	Buy	CROWN CASTLE INTL CORP NEW	$1,169,000	-0.6%	14,828	+1.2%	0.29%	+10.5%
BLK	Buy	BLACKROCK INC	$1,153,000	-13.1%	3,875	+1.0%	0.29%	-3.3%
CAT	Buy	CATERPILLAR INC DEL	$1,110,000	-22.1%	16,976	+1.0%	0.28%	-13.4%
PG	Buy	PROCTER & GAMBLE CO	$1,100,000	0.0%	15,284	+8.8%	0.28%	+11.7%
PYPL	New	PAYPAL HLDGS INC	$1,090,000	–	35,100	–	0.27%	–
VA	Sell	VIRGIN AMER INC	$1,065,000	-82.6%	31,100	-86.0%	0.27%	-80.6%
AMZN	Buy	AMAZON COM INC	$1,029,000	+18.5%	2,010	+0.5%	0.26%	+32.1%
HD	Buy	HOME DEPOT INC	$1,018,000	+10.9%	8,815	+6.7%	0.26%	+23.7%
CMG	Buy	CHIPOTLE MEXICAN GRILL INC	$1,008,000	+177.7%	1,400	+133.3%	0.25%	+209.8%
ECA	Buy	ENCANA CORP	$924,000	+265.2%	143,500	+523.9%	0.23%	+308.8%
ZIOP	Buy	ZIOPHARM ONCOLOGY INC	$905,000	+143.3%	100,400	+223.9%	0.23%	+171.4%
OASPQ	Sell	OASIS PETE INC NEW	$835,000	-45.8%	96,200	-1.0%	0.21%	-39.7%
AYR	Buy	AIRCASTLE LTD	$820,000	+1.9%	39,800	+12.1%	0.21%	+13.2%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$793,000	-42.7%	13,446	-20.1%	0.20%	-36.1%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$790,000	-28.2%	5,447	-19.5%	0.20%	-19.8%
ABT	Buy	ABBOTT LABS	$792,000	-15.4%	19,680	+3.1%	0.20%	-5.7%
KMB	Buy	KIMBERLY CLARK CORP	$708,000	+6.1%	6,494	+3.2%	0.18%	+17.9%
ADT	Sell	THE ADT CORPORATION	$680,000	-13.8%	22,750	-3.2%	0.17%	-3.9%
PNR	Sell	PENTAIR PLC	$674,000	-26.6%	13,197	-1.2%	0.17%	-17.9%
DRWI	Buy	DRAGONWAVE INC	$641,000	-50.2%	3,138,250	+28.1%	0.16%	-44.7%
XIV	New	CREDIT SUISSE NASSAU BRHinvrs vix sterm	$633,000	–	26,000	–	0.16%	–
WFC	Sell	WELLS FARGO & CO NEW	$631,000	-15.0%	12,293	-6.8%	0.16%	-5.4%
PSX	Buy	PHILLIPS 66	$615,000	+3.9%	8,003	+9.0%	0.16%	+15.7%
DAL	Sell	DELTA AIR LINES INC DEL	$601,000	-6.2%	13,400	-14.1%	0.15%	+4.1%
WMT	Buy	WAL-MART STORES INC	$571,000	-4.7%	8,800	+4.1%	0.14%	+6.7%
NVO	Sell	NOVO-NORDISK A Sadr	$564,000	-4.6%	10,400	-3.7%	0.14%	+6.8%
CG	New	CARLYLE GROUP L P	$533,000	–	31,700	–	0.13%	–
BUD	Buy	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$507,000	+5.8%	4,770	+20.2%	0.13%	+18.5%
LLY	Buy	LILLY ELI & CO	$502,000	+11.3%	6,000	+11.1%	0.13%	+23.5%
RDSA	Buy	ROYAL DUTCH SHELL PLCspons adr a	$415,000	-3.5%	8,750	+15.9%	0.10%	+7.2%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$409,000	+4.9%	5,089	+4.7%	0.10%	+17.0%
POT	Sell	POTASH CORP SASK INC	$409,000	-47.2%	19,900	-20.4%	0.10%	-41.1%
TTE	Buy	TOTAL S Asponsored adr	$389,000	+21.6%	8,700	+33.8%	0.10%	+36.1%
RRC	Buy	RANGE RES CORP	$353,000	-31.9%	11,000	+4.8%	0.09%	-23.9%
UN	Buy	UNILEVER N V	$348,000	-2.2%	8,650	+1.8%	0.09%	+10.0%
RY	Sell	ROYAL BK CDA MONTREAL QUE	$325,000	-89.1%	5,875	-88.0%	0.08%	-87.8%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$324,000	-3.6%	5,465	+8.2%	0.08%	+7.9%
NSC	Buy	NORFOLK SOUTHERN CORP	$310,000	-4.0%	4,059	+9.9%	0.08%	+6.8%
ACN	Sell	ACCENTURE PLC IRELAND	$262,000	-20.6%	2,664	-22.0%	0.07%	-12.0%
GIS	New	GENERAL MLS INC	$245,000	–	4,366	–	0.06%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$242,000	–	25,000	–	0.06%	–
EMC	Sell	E M C CORP MASS	$227,000	-29.5%	9,400	-23.0%	0.06%	-21.9%
ESRX	New	EXPRESS SCRIPTS HLDG CO	$225,000	–	2,774	–	0.06%	–
EOG	Buy	EOG RES INC	$222,000	-15.6%	3,045	+1.5%	0.06%	-5.1%
DUK	Sell	DUKE ENERGY CORP NEW	$203,000	-64.8%	2,818	-65.4%	0.05%	-60.8%
WATT	Buy	ENERGOUS CORP	$124,000	+4.2%	18,000	+16.3%	0.03%	+14.8%
KMIWS	New	KINDER MORGAN INC DEL*w exp 05/25/201	$110,000	–	120,000	–	0.03%	–
SVU	Exit	SUPERVALU INCcall	$0	–	-10,000	–	-0.02%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.05%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,600	–	-0.05%	–
BIT	Exit	BLACKROCK MULTI-SECTOR INC T	$0	–	-13,500	–	-0.05%	–
AER	Exit	AERCAP HOLDINGS NV	$0	–	-5,000	–	-0.05%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRUSTunit	$0	–	-27,000	–	-0.06%	–
SPPP	Exit	SPROTT PHYSICAL PLAT PALLADunit	$0	–	-38,000	–	-0.06%	–
TEX	Exit	TEREX CORP NEW	$0	–	-14,000	–	-0.07%	–
GOV	Exit	GOVERNMENT PPTYS INCOME TR	$0	–	-19,500	–	-0.08%	–
CCJ	Exit	CAMECO CORP	$0	–	-30,000	–	-0.10%	–
UVXY	Exit	PROSHARES TR IIult vix shrt	$0	–	-10,000	–	-0.10%	–
ACRE	Exit	ARES COML REAL ESTATE CORP	$0	–	-40,000	–	-0.10%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-9,000	–	-0.14%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-10,230	–	-0.15%	–
FGEN	Exit	FIBROGEN INC	$0	–	-46,300	–	-0.25%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-9,816	–	-0.25%	–
SWN	Exit	SOUTHWESTERN ENERGY CO	$0	–	-61,550	–	-0.32%	–
YHOO	Exit	YAHOO INC	$0	–	-42,710	–	-0.38%	–
SYY	Exit	SYSCO CORP	$0	–	-135,210	–	-1.10%	–
PLL	Exit	PALL CORP	$0	–	-45,065	–	-1.27%	–

Q2 2015

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$30,201,000	–	240,787	–	6.82%	–
VZ	New	VERIZON COMMUNICATIONS INC	$20,325,000	–	436,070	–	4.59%	–
PFE	New	PFIZER INC	$16,106,000	–	480,360	–	3.64%	–
JPM	New	JPMORGAN CHASE & CO	$15,080,000	–	222,550	–	3.41%	–
GE	New	GENERAL ELECTRIC CO	$14,767,000	–	555,775	–	3.34%	–
MET	New	METLIFE INC	$13,603,000	–	242,959	–	3.07%	–
MRK	New	MERCK & CO INC NEW	$12,628,000	–	221,825	–	2.85%	–
GOOGL	New	GOOGLE INCcl a	$12,598,000	–	23,327	–	2.85%	–
BA	New	BOEING CO	$10,543,000	–	76,000	–	2.38%	–
KKR	New	KKR & CO L P DEL	$9,923,000	–	434,259	–	2.24%	–
NVS	New	NOVARTIS A Gsponsored adr	$9,188,000	–	93,430	–	2.08%	–
BID	New	SOTHEBYS	$8,590,000	–	189,880	–	1.94%	–
MSFT	New	MICROSOFT CORP	$8,589,000	–	194,538	–	1.94%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$8,317,000	–	85,825	–	1.88%	–
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$8,169,000	–	251,000	–	1.84%	–
SLB	New	SCHLUMBERGER LTD	$8,140,000	–	94,447	–	1.84%	–
DVN	New	DEVON ENERGY CORP NEW	$7,872,000	–	132,320	–	1.78%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,805,000	–	60,150	–	1.76%	–
VOD	New	VODAFONE GROUP PLC NEWspnsr adr no par	$7,561,000	–	207,435	–	1.71%	–
GDV	New	GABELLI DIVD & INCOME TR	$7,470,000	–	358,775	–	1.69%	–
CVX	New	CHEVRON CORP NEW	$7,325,000	–	75,933	–	1.66%	–
DIS	New	DISNEY WALT CO	$7,122,000	–	62,397	–	1.61%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$6,483,000	–	102,860	–	1.46%	–
VA	New	VIRGIN AMER INC	$6,126,000	–	222,910	–	1.38%	–
DD	New	DU PONT E I DE NEMOURS & CO	$6,022,000	–	94,160	–	1.36%	–
PLL	New	PALL CORP	$5,608,000	–	45,065	–	1.27%	–
GOOG	New	GOOGLE INCcl c	$5,517,000	–	10,599	–	1.25%	–
SBUX	New	STARBUCKS CORP	$4,913,000	–	91,630	–	1.11%	–
SYY	New	SYSCO CORP	$4,881,000	–	135,210	–	1.10%	–
BX	New	BLACKSTONE GROUP L P	$4,853,000	–	118,740	–	1.10%	–
GS	New	GOLDMAN SACHS GROUP INC	$4,665,000	–	22,345	–	1.05%	–
DWA	New	DREAMWORKS ANIMATION SKG INCcl a	$4,565,000	–	173,050	–	1.03%	–
AXP	New	AMERICAN EXPRESS CO	$4,550,000	–	58,540	–	1.03%	–
V	New	VISA INC	$4,488,000	–	66,840	–	1.01%	–
CELG	New	CELGENE CORP	$4,337,000	–	37,474	–	0.98%	–
QCOM	New	QUALCOMM INC	$4,238,000	–	67,660	–	0.96%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$4,106,000	–	30,166	–	0.93%	–
JNJ	New	JOHNSON & JOHNSON	$4,084,000	–	41,902	–	0.92%	–
COP	New	CONOCOPHILLIPS	$3,975,000	–	64,732	–	0.90%	–
T	New	AT&T INC	$3,672,000	–	103,388	–	0.83%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$3,667,000	–	75,400	–	0.83%	–
TWX	New	TIME WARNER INC	$3,396,000	–	38,850	–	0.77%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$2,986,000	–	48,835	–	0.67%	–
MON	New	MONSANTO CO NEW	$2,938,000	–	27,560	–	0.66%	–
WFM	New	WHOLE FOODS MKT INC	$2,885,000	–	73,150	–	0.65%	–
WSM	New	WILLIAMS SONOMA INC	$2,823,000	–	34,311	–	0.64%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$2,803,000	–	33,200	–	0.63%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$2,765,000	–	84,700	–	0.62%	–
COST	New	COSTCO WHSL CORP NEW	$2,516,000	–	18,632	–	0.57%	–
CVS	New	CVS HEALTH CORP	$2,457,000	–	23,430	–	0.56%	–
XOM	New	EXXON MOBIL CORP	$2,389,000	–	28,710	–	0.54%	–
MMM	New	3M CO	$2,382,000	–	15,437	–	0.54%	–
DOW	New	DOW CHEM CO	$2,378,000	–	46,475	–	0.54%	–
PEP	New	PEPSICO INC	$2,253,000	–	24,140	–	0.51%	–
ILMN	New	ILLUMINA INC	$2,162,000	–	9,900	–	0.49%	–
CPN	New	CALPINE CORP	$2,049,000	–	113,900	–	0.46%	–
INTC	New	INTEL CORP	$1,980,000	–	65,107	–	0.45%	–
AMP	New	AMERIPRISE FINL INC	$1,968,000	–	15,750	–	0.44%	–
AMCX	New	AMC NETWORKS INCcl a	$1,891,000	–	23,100	–	0.43%	–
YHOO	New	YAHOO INC	$1,678,000	–	42,710	–	0.38%	–
ABBV	New	ABBVIE INC	$1,645,000	–	24,480	–	0.37%	–
TYC	New	TYCO INTL PLC	$1,616,000	–	42,000	–	0.36%	–
MDT	New	MEDTRONIC PLC	$1,595,000	–	21,530	–	0.36%	–
GILD	New	GILEAD SCIENCES INC	$1,591,000	–	13,590	–	0.36%	–
OASPQ	New	OASIS PETE INC NEW	$1,541,000	–	97,200	–	0.35%	–
CAT	New	CATERPILLAR INC DEL	$1,425,000	–	16,806	–	0.32%	–
SWN	New	SOUTHWESTERN ENERGY CO	$1,399,000	–	61,550	–	0.32%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$1,384,000	–	16,825	–	0.31%	–
BLK	New	BLACKROCK INC	$1,327,000	–	3,835	–	0.30%	–
DRWI	New	DRAGONWAVE INC	$1,288,000	–	2,450,000	–	0.29%	–
ORCL	New	ORACLE CORP	$1,288,000	–	31,954	–	0.29%	–
UAA	New	UNDER ARMOUR INCcl a	$1,227,000	–	14,700	–	0.28%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$1,176,000	–	14,648	–	0.27%	–
NTRS	New	NORTHERN TR CORP	$1,166,000	–	15,250	–	0.26%	–
PG	New	PROCTER & GAMBLE CO	$1,100,000	–	14,054	–	0.25%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,100,000	–	6,765	–	0.25%	–
FGEN	New	FIBROGEN INC	$1,088,000	–	46,300	–	0.25%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,089,000	–	9,816	–	0.25%	–
FB	New	FACEBOOK INCcl a	$1,045,000	–	12,188	–	0.24%	–
IRWD	New	IRONWOOD PHARMACEUTICALS INC	$958,000	–	79,415	–	0.22%	–
ABT	New	ABBOTT LABS	$936,000	–	19,080	–	0.21%	–
HD	New	HOME DEPOT INC	$918,000	–	8,260	–	0.21%	–
PNR	New	PENTAIR PLC	$918,000	–	13,356	–	0.21%	–
OHI	New	OMEGA HEALTHCARE INVS INC	$913,000	–	26,600	–	0.21%	–
AMZN	New	AMAZON COM INC	$868,000	–	2,000	–	0.20%	–
RPXC	New	RPX CORP	$845,000	–	50,000	–	0.19%	–
FTNT	New	FORTINET INC	$827,000	–	20,000	–	0.19%	–
AYR	New	AIRCASTLE LTD	$805,000	–	35,500	–	0.18%	–
ADT	New	THE ADT CORPORATION	$789,000	–	23,500	–	0.18%	–
POT	New	POTASH CORP SASK INC	$774,000	–	25,000	–	0.18%	–
WFC	New	WELLS FARGO & CO NEW	$742,000	–	13,193	–	0.17%	–
TROW	New	PRICE T ROWE GROUP INC	$679,000	–	8,734	–	0.15%	–
KMB	New	KIMBERLY CLARK CORP	$667,000	–	6,294	–	0.15%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$652,000	–	10,230	–	0.15%	–
DAL	New	DELTA AIR LINES INC DEL	$641,000	–	15,600	–	0.14%	–
LNG	New	CHENIERE ENERGY INC	$623,000	–	9,000	–	0.14%	–
D	New	DOMINION RES INC VA NEW	$609,000	–	9,106	–	0.14%	–
WMT	New	WAL-MART STORES INC	$599,000	–	8,450	–	0.14%	–
PSX	New	PHILLIPS 66	$592,000	–	7,343	–	0.13%	–
NVO	New	NOVO-NORDISK A Sadr	$591,000	–	10,800	–	0.13%	–
DUK	New	DUKE ENERGY CORP NEW	$576,000	–	8,151	–	0.13%	–
RRC	New	RANGE RES CORP	$518,000	–	10,500	–	0.12%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$479,000	–	3,970	–	0.11%	–
ACRE	New	ARES COML REAL ESTATE CORP	$456,000	–	40,000	–	0.10%	–
LLY	New	LILLY ELI & CO	$451,000	–	5,400	–	0.10%	–
UVXY	New	PROSHARES TR IIult vix shrt	$440,000	–	10,000	–	0.10%	–
CCJ	New	CAMECO CORP	$428,000	–	30,000	–	0.10%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$430,000	–	7,550	–	0.10%	–
NEE	New	NEXTERA ENERGY INC	$392,000	–	4,000	–	0.09%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$390,000	–	4,859	–	0.09%	–
ZIOP	New	ZIOPHARM ONCOLOGY INC	$372,000	–	31,000	–	0.08%	–
XON	New	INTREXON CORP	$366,000	–	7,500	–	0.08%	–
CMG	New	CHIPOTLE MEXICAN GRILL INC	$363,000	–	600	–	0.08%	–
GOV	New	GOVERNMENT PPTYS INCOME TR	$362,000	–	19,500	–	0.08%	–
UN	New	UNILEVER N V	$356,000	–	8,500	–	0.08%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$336,000	–	5,050	–	0.08%	–
ACN	New	ACCENTURE PLC IRELAND	$330,000	–	3,414	–	0.08%	–
NSC	New	NORFOLK SOUTHERN CORP	$323,000	–	3,694	–	0.07%	–
SVU	New	SUPERVALU INC	$324,000	–	40,000	–	0.07%	–
EMC	New	E M C CORP MASS	$322,000	–	12,200	–	0.07%	–
TEX	New	TEREX CORP NEW	$325,000	–	14,000	–	0.07%	–
TTE	New	TOTAL S Asponsored adr	$320,000	–	6,500	–	0.07%	–
CAKE	New	CHEESECAKE FACTORY INC	$300,000	–	5,500	–	0.07%	–
SPPP	New	SPROTT PHYSICAL PLAT PALLADunit	$285,000	–	38,000	–	0.06%	–
VTR	New	VENTAS INC	$279,000	–	4,500	–	0.06%	–
PHYS	New	SPROTT PHYSICAL GOLD TRUSTunit	$261,000	–	27,000	–	0.06%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$260,000	–	6,250	–	0.06%	–
EOG	New	EOG RES INC	$263,000	–	3,000	–	0.06%	–
ECA	New	ENCANA CORP	$253,000	–	23,000	–	0.06%	–
CHRW	New	C H ROBINSON WORLDWIDE INC	$250,000	–	4,000	–	0.06%	–
PX	New	PRAXAIR INC	$239,000	–	2,000	–	0.05%	–
AER	New	AERCAP HOLDINGS NV	$229,000	–	5,000	–	0.05%	–
BIT	New	BLACKROCK MULTI-SECTOR INC T	$224,000	–	13,500	–	0.05%	–
PM	New	PHILIP MORRIS INTL INC	$208,000	–	2,600	–	0.05%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$205,000	–	1	–	0.05%	–
PCK	New	PIMCO CALIF MUN INCOME FD II	$122,000	–	13,000	–	0.03%	–
WATT	New	ENERGOUS CORP	$119,000	–	15,471	–	0.03%	–
SVU	New	SUPERVALU INCcall	$81,000	–	10,000	–	0.02%	–
STRM	New	STREAMLINE HEALTH SOLUTIONS	$42,000	–	15,121	–	0.01%	–
DRWIW	New	DRAGONWAVE INC*w exp 08/01/201	$21,000	–	375,000	–	0.01%	–
REN	New	RESOLUTE ENERGY CORP	$12,000	–	12,000	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
ENDRQ	Exit	ENDEAVOUR INTL CORP	$0	–	-20,000	–	-0.00%	–
VLYWS	Exit	VALLEY NATL BANCORP*w exp 11/14/201	$0	–	-25,000	–	-0.00%	–
CRDC	Exit	CARDICA INC	$0	–	-15,000	–	-0.00%	–
ZNGA	Exit	ZYNGA INCcl a	$0	–	-10,000	–	-0.01%	–
ECYT	Exit	ENDOCYTE INC	$0	–	-10,000	–	-0.01%	–
STRM	Exit	STREAMLINE HEALTH SOLUTIONS	$0	–	-15,121	–	-0.02%	–
PCK	Exit	PIMCO CALIF MUN INCOME FD II	$0	–	-10,500	–	-0.02%	–
UAMY	Exit	UNITED STATES ANTIMONY CORP	$0	–	-81,766	–	-0.02%	–
DRWIW	Exit	DRAGONWAVE INC*w exp 08/01/201	$0	–	-532,500	–	-0.03%	–
TKC	Exit	TURKCELL ILETISIM HIZMETLERIspon adr new	$0	–	-10,000	–	-0.03%	–
UUUU	Exit	ENERGY FUELS INC	$0	–	-20,000	–	-0.03%	–
BEE	Exit	STRATEGIC HOTELS & RESORTS I	$0	–	-11,750	–	-0.03%	–
RAD	Exit	RITE AID CORP	$0	–	-30,000	–	-0.03%	–
CERS	Exit	CERUS CORP	$0	–	-50,000	–	-0.04%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.04%	–
FSC	Exit	FIFTH STREET FINANCE CORP	$0	–	-22,800	–	-0.05%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,600	–	-0.05%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-2,000	–	-0.05%	–
PEO	Exit	PETROLEUM & RES CORP	$0	–	-8,000	–	-0.05%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-3,800	–	-0.05%	–
BIT	Exit	BLACKROCK MULTI-SECTOR INC T	$0	–	-14,000	–	-0.05%	–
PX	Exit	PRAXAIR INC	$0	–	-2,000	–	-0.06%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-3,256	–	-0.06%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-2,420	–	-0.06%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRUSTunit	$0	–	-27,000	–	-0.06%	–
CAKE	Exit	CHEESECAKE FACTORY INC	$0	–	-5,900	–	-0.06%	–
VTR	Exit	VENTAS INC	$0	–	-4,500	–	-0.06%	–
CHRW	Exit	C H ROBINSON WORLDWIDE INC	$0	–	-4,200	–	-0.06%	–
CPE	Exit	CALLON PETE CO DEL	$0	–	-35,000	–	-0.07%	–
CLF	Exit	CLIFFS NAT RES INC	$0	–	-31,000	–	-0.07%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-4,930	–	-0.07%	–
RRC	Exit	RANGE RES CORP	$0	–	-5,000	–	-0.07%	–
NKE	Exit	NIKE INCcl b	$0	–	-3,780	–	-0.07%	–
DSL	Exit	DOUBLELINE INCOME SOLUTIONS	$0	–	-16,000	–	-0.08%	–
SWN	Exit	SOUTHWESTERN ENERGY CO	$0	–	-10,000	–	-0.08%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-4,200	–	-0.08%	–
LLY	Exit	LILLY ELI & CO	$0	–	-5,650	–	-0.08%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-4,000	–	-0.08%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-6,840	–	-0.08%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-3,650	–	-0.09%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-7,500	–	-0.09%	–
BOI	Exit	BROOKFIELD MTG OPP INC FD IN	$0	–	-25,960	–	-0.10%	–
LG	Exit	LACLEDE GROUP INC	$0	–	-10,000	–	-0.10%	–
GGG	Exit	GRACO INC	$0	–	-6,570	–	-0.10%	–
ATR	Exit	APTARGROUP INC	$0	–	-8,000	–	-0.11%	–
AMGN	Exit	AMGEN INC	$0	–	-3,608	–	-0.11%	–
EZCH	Exit	EZCHIP SEMICONDUCTOR LIMITEDord	$0	–	-22,900	–	-0.12%	–
PSX	Exit	PHILLIPS 66	$0	–	-6,943	–	-0.12%	–
AYR	Exit	AIRCASTLE LTD	$0	–	-35,500	–	-0.13%	–
FTNT	Exit	FORTINET INC	$0	–	-23,000	–	-0.13%	–
EOG	Exit	EOG RES INC	$0	–	-6,000	–	-0.13%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-7,888	–	-0.13%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-8,800	–	-0.13%	–
ROC	Exit	ROCKWOOD HLDGS INC	$0	–	-8,000	–	-0.13%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-8,150	–	-0.14%	–
HD	Exit	HOME DEPOT INC	$0	–	-6,785	–	-0.14%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-9,106	–	-0.14%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-12,172	–	-0.14%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-14,100	–	-0.15%	–
RPXC	Exit	RPX CORP	$0	–	-50,000	–	-0.15%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-6,594	–	-0.16%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-9,651	–	-0.16%	–
GOV	Exit	GOVERNMENT PPTYS INCOME TR	$0	–	-35,000	–	-0.17%	–
FXB	Exit	CURRENCYSHS BRIT POUND STERcall	$0	–	-5,000	–	-0.18%	–
ABT	Exit	ABBOTT LABS	$0	–	-19,380	–	-0.18%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-19,400	–	-0.18%	–
ADT	Exit	THE ADT CORPORATION	$0	–	-23,500	–	-0.18%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-4,275	–	-0.18%	–
ILMN	Exit	ILLUMINA INC	$0	–	-5,150	–	-0.18%	–
OFS	Exit	OFS CAP CORP	$0	–	-70,400	–	-0.19%	–
AMZGQ	Exit	AMERICAN EAGLE ENERGY CORP	$0	–	-211,500	–	-0.19%	–
PNR	Exit	PENTAIR PLC	$0	–	-13,451	–	-0.19%	–
PCI	Exit	PIMCO DYNAMIC CR INCOME FD	$0	–	-41,100	–	-0.20%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-26,800	–	-0.20%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-13,750	–	-0.21%	–
YHOO	Exit	YAHOO INC	$0	–	-24,800	–	-0.22%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-9,730	–	-0.22%	–
LO	Exit	LORILLARD INC	$0	–	-17,950	–	-0.24%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-13,933	–	-0.24%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-16,715	–	-0.25%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-17,461	–	-0.26%	–
GDPMQ	Exit	GOODRICH PETE CORP	$0	–	-79,340	–	-0.26%	–
CLX	Exit	CLOROX CO DEL	$0	–	-12,570	–	-0.26%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-36,600	–	-0.28%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-62,300	–	-0.28%	–
RL	Exit	RALPH LAUREN CORPcl a	$0	–	-7,670	–	-0.28%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-85,100	–	-0.29%	–
UAA	Exit	UNDER ARMOUR INCcl a	$0	–	-19,150	–	-0.29%	–
MDT	Exit	MEDTRONIC INC	$0	–	-21,430	–	-0.29%	–
ABBV	Exit	ABBVIE INC	$0	–	-23,080	–	-0.29%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-26,160	–	-0.29%	–
KO	Exit	COCA COLA CO	$0	–	-31,589	–	-0.30%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-25,570	–	-0.30%	–
IRWD	Exit	IRONWOOD PHARMACEUTICALS INC	$0	–	-108,782	–	-0.31%	–
NLY	Exit	ANNALY CAP MGMT INC	$0	–	-133,500	–	-0.31%	–
CCI	Exit	CROWN CASTLE INTL CORP	$0	–	-17,848	–	-0.32%	–
AMCX	Exit	AMC NETWORKS INCcl a	$0	–	-24,800	–	-0.32%	–
CHW	Exit	CALAMOS GBL DYN INCOME FUND	$0	–	-166,900	–	-0.34%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-18,693	–	-0.34%	–
M504SC	Exit	NEWCASTLE INVT CORP NEW	$0	–	-126,300	–	-0.35%	–
DRWI	Exit	DRAGONWAVE INC	$0	–	-1,332,000	–	-0.36%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-16,540	–	-0.36%	–
HAL	Exit	HALLIBURTON CO	$0	–	-25,600	–	-0.36%	–
CG	Exit	CARLYLE GROUP L P	$0	–	-54,300	–	-0.36%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-24,200	–	-0.37%	–
V	Exit	VISA INC	$0	–	-7,985	–	-0.37%	–
FSFR	Exit	FIFTH STR SR FLOATNG RATE CO	$0	–	-147,500	–	-0.38%	–
AMZN	Exit	AMAZON COM INC	$0	–	-5,489	–	-0.39%	–
SPPP	Exit	SPROTT PHYSICAL PLAT PALLADunit	$0	–	-201,950	–	-0.39%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-22,830	–	-0.40%	–
UN	Exit	UNILEVER N V	$0	–	-47,900	–	-0.42%	–
RXN	Exit	REXNORD CORP NEW	$0	–	-71,700	–	-0.45%	–
CCJ	Exit	CAMECO CORP	$0	–	-117,400	–	-0.46%	–
TYC	Exit	TYCO INTERNATIONAL LTD	$0	–	-47,500	–	-0.46%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-74,540	–	-0.52%	–
SDRL	Exit	SEADRILL LIMITED	$0	–	-88,700	–	-0.52%	–
PEP	Exit	PEPSICO INC	$0	–	-25,790	–	-0.53%	–
MMM	Exit	3M CO	$0	–	-17,184	–	-0.54%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-83,000	–	-0.54%	–
INTC	Exit	INTEL CORP	$0	–	-72,207	–	-0.55%	–
OASPQ	Exit	OASIS PETE INC NEW	$0	–	-60,960	–	-0.56%	–
WAG	Exit	WALGREEN CO	$0	–	-45,670	–	-0.59%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-22,368	–	-0.62%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-14,818	–	-0.62%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-30,384	–	-0.63%	–
T	Exit	AT&T INC	$0	–	-83,641	–	-0.65%	–
QCOM	Exit	QUALCOMM INC	$0	–	-40,050	–	-0.66%	–
CPN	Exit	CALPINE CORP	$0	–	-142,400	–	-0.68%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-63,410	–	-0.69%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-36,400	–	-0.71%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-45,300	–	-0.71%	–
ORCL	Exit	ORACLE CORP	$0	–	-94,634	–	-0.80%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-75,800	–	-0.80%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-51,735	–	-0.81%	–
DIS	Exit	DISNEY WALT CO	$0	–	-42,747	–	-0.84%	–
APA	Exit	APACHE CORP	$0	–	-40,550	–	-0.84%	–
MON	Exit	MONSANTO CO NEW	$0	–	-35,660	–	-0.88%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-43,750	–	-0.90%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-58,020	–	-0.91%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-22,695	–	-0.92%	–
BID	Exit	SOTHEBYS	$0	–	-118,100	–	-0.93%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-55,607	–	-0.93%	–
TWX	Exit	TIME WARNER INC	$0	–	-56,605	–	-0.94%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-30,866	–	-0.94%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-58,454	–	-0.97%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-42,840	–	-1.00%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-53,315	–	-1.02%	–
VEOEY	Exit	VEOLIA ENVIRONNEMENTsponsored adr	$0	–	-267,400	–	-1.03%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-47,172	–	-1.10%	–
KKR	Exit	KKR & CO L P DEL	$0	–	-226,429	–	-1.11%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-52,950	–	-1.14%	–
WFM	Exit	WHOLE FOODS MKT INC	$0	–	-160,430	–	-1.34%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-10,673	–	-1.35%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-93,810	–	-1.40%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-65,850	–	-1.76%	–
BA	Exit	BOEING CO	$0	–	-65,440	–	-1.83%	–
PLL	Exit	PALL CORP	$0	–	-105,908	–	-1.95%	–
GDV	Exit	GABELLI DIVD & INCOME TR	$0	–	-427,550	–	-2.00%	–
EMC	Exit	E M C CORP MASS	$0	–	-332,470	–	-2.14%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-82,250	–	-2.16%	–
EBAY	Exit	EBAY INC	$0	–	-177,785	–	-2.21%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-218,924	–	-2.23%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-99,950	–	-2.23%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-406,445	–	-2.29%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-17,910	–	-2.31%	–
VOD	Exit	VODAFONE GROUP PLC NEWspnsr adr no par	$0	–	-351,423	–	-2.54%	–
PFE	Exit	PFIZER INC	$0	–	-397,395	–	-2.58%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-202,077	–	-2.67%	–
MET	Exit	METLIFE INC	$0	–	-240,469	–	-2.84%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-220,869	–	-2.88%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-436,906	–	-4.80%	–
AAPL	Exit	APPLE INC	$0	–	-250,526	–	-5.54%	–

Q3 2014

			Value		Shares		↓ Weighting
AAPL	Buy	APPLE INC	$25,241,000	+9.5%	250,526	+1.0%	5.54%	+9.5%
VZ	Buy	VERIZON COMMUNICATIONS INC	$21,841,000	+5.8%	436,906	+3.5%	4.80%	+5.7%
MRK	Sell	MERCK & CO INC NEW	$13,093,000	+1.0%	220,869	-1.4%	2.88%	+1.0%
MET	Sell	METLIFE INC	$12,918,000	-3.6%	240,469	-0.3%	2.84%	-3.7%
JPM	Sell	JPMORGAN CHASE & CO	$12,173,000	+2.3%	202,077	-2.1%	2.67%	+2.3%
PFE	Sell	PFIZER INC	$11,751,000	-3.9%	397,395	-3.5%	2.58%	-3.9%
VOD	Buy	VODAFONE GROUP PLC NEWspnsr adr no par	$11,558,000	+12.8%	351,423	+14.6%	2.54%	+12.8%
GOOGL	Sell	GOOGLE INCcl a	$10,538,000	-0.6%	17,910	-1.3%	2.31%	-0.7%
GE	Sell	GENERAL ELECTRIC CO	$10,413,000	-9.7%	406,445	-7.3%	2.29%	-9.8%
SLB	Sell	SCHLUMBERGER LTD	$10,164,000	-19.1%	99,950	-6.1%	2.23%	-19.1%
MSFT	Sell	MICROSOFT CORP	$10,149,000	-1.2%	218,924	-11.2%	2.23%	-1.3%
EBAY	Sell	EBAY INC	$10,068,000	-1.9%	177,785	-13.3%	2.21%	-2.0%
CVX	Buy	CHEVRON CORP NEW	$9,814,000	-8.0%	82,250	+0.6%	2.16%	-8.1%
EMC	Sell	E M C CORP MASS	$9,728,000	-5.3%	332,470	-14.8%	2.14%	-5.4%
GDV	Sell	GABELLI DIVD & INCOME TR	$9,107,000	-3.4%	427,550	-0.7%	2.00%	-3.5%
PLL	Sell	PALL CORP	$8,864,000	-4.0%	105,908	-2.1%	1.95%	-4.1%
BA	Buy	BOEING CO	$8,336,000	+19.3%	65,440	+19.2%	1.83%	+19.2%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$8,014,000	+1.0%	65,850	-2.1%	1.76%	+0.9%
DVN	Sell	DEVON ENERGY CORP NEW	$6,396,000	-19.8%	93,810	-6.6%	1.40%	-19.9%
GOOG	Sell	GOOGLE INCcl c	$6,162,000	-0.1%	10,673	-0.4%	1.35%	-0.1%
WFM	Sell	WHOLE FOODS MKT INC	$6,114,000	-32.2%	160,430	-31.2%	1.34%	-32.3%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$5,204,000	-5.9%	52,950	-1.8%	1.14%	-6.0%
KKR	Buy	KKR & CO L P DEL	$5,049,000	-5.9%	226,429	+2.7%	1.11%	-5.9%
JNJ	Buy	JOHNSON & JOHNSON	$5,028,000	+6.3%	47,172	+4.4%	1.10%	+6.3%
VEOEY	Buy	VEOLIA ENVIRONNEMENTsponsored adr	$4,693,000	-1.6%	267,400	+6.5%	1.03%	-1.7%
AXP	Buy	AMERICAN EXPRESS CO	$4,667,000	-7.6%	53,315	+0.1%	1.02%	-7.7%
GILD	Buy	GILEAD SCIENCES INC	$4,560,000	+43.9%	42,840	+12.1%	1.00%	+43.8%
SBUX	Sell	STARBUCKS CORP	$4,411,000	-21.5%	58,454	-19.5%	0.97%	-21.6%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$4,264,000	+9.7%	30,866	+0.5%	0.94%	+9.6%
TWX	Buy	TIME WARNER INC	$4,257,000	+42.0%	56,605	+32.7%	0.94%	+41.9%
COP	Buy	CONOCOPHILLIPS	$4,255,000	-10.6%	55,607	+0.2%	0.93%	-10.7%
BID	Buy	SOTHEBYS	$4,219,000	+143.9%	118,100	+186.7%	0.93%	+143.7%
GS	Sell	GOLDMAN SACHS GROUP INC	$4,166,000	+5.9%	22,695	-3.4%	0.92%	+5.9%
AZN	Buy	ASTRAZENECA PLCsponsored adr	$4,145,000	+19.5%	58,020	+24.2%	0.91%	+19.4%
NVS	Buy	NOVARTIS A Gsponsored adr	$4,118,000	+222.7%	43,750	+210.3%	0.90%	+222.9%
MON	Sell	MONSANTO CO NEW	$4,012,000	-11.2%	35,660	-1.5%	0.88%	-11.3%
APA	Sell	APACHE CORP	$3,806,000	-16.9%	40,550	-10.9%	0.84%	-16.9%
DIS	Buy	DISNEY WALT CO	$3,806,000	+7.2%	42,747	+3.2%	0.84%	+7.2%
RY	Sell	ROYAL BK CDA MONTREAL QUE	$3,696,000	-0.9%	51,735	-0.9%	0.81%	-1.0%
AWK	Buy	AMERICAN WTR WKS CO INC NEW	$3,656,000	-2.1%	75,800	+0.3%	0.80%	-2.2%
ORCL	Sell	ORACLE CORP	$3,623,000	-28.5%	94,634	-24.3%	0.80%	-28.6%
DD	Sell	DU PONT E I DE NEMOURS & CO	$3,251,000	+7.3%	45,300	-2.2%	0.71%	+7.2%
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$3,234,000	–	36,400	–	0.71%	–
FRC	Buy	FIRST REP BK SAN FRANCISCO C	$3,131,000	-0.8%	63,410	+10.5%	0.69%	-1.0%
QCOM	Sell	QUALCOMM INC	$2,995,000	-48.1%	40,050	-45.0%	0.66%	-48.1%
T	Buy	AT&T INC	$2,948,000	+1.9%	83,641	+2.2%	0.65%	+1.7%
XOM	Sell	EXXON MOBIL CORP	$2,858,000	-16.5%	30,384	-10.6%	0.63%	-16.5%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$2,813,000	+12.6%	14,818	+7.5%	0.62%	+12.6%
COST	Buy	COSTCO WHSL CORP NEW	$2,803,000	+16.5%	22,368	+7.0%	0.62%	+16.3%
WAG	New	WALGREEN CO	$2,707,000	–	45,670	–	0.59%	–
OASPQ	Sell	OASIS PETE INC NEW	$2,549,000	-31.4%	60,960	-8.3%	0.56%	-31.4%
INTC	Sell	INTEL CORP	$2,514,000	+6.7%	72,207	-5.3%	0.55%	+6.6%
SCHW	Sell	SCHWAB CHARLES CORP NEW	$2,439,000	-2.6%	83,000	-10.8%	0.54%	-2.5%
MMM	Buy	3M CO	$2,435,000	+6.9%	17,184	+8.0%	0.54%	+6.8%
PEP	Buy	PEPSICO INC	$2,401,000	+4.8%	25,790	+0.6%	0.53%	+4.8%
SDRL	Buy	SEADRILL LIMITED	$2,374,000	+7.1%	88,700	+59.8%	0.52%	+7.0%
BX	Sell	BLACKSTONE GROUP L P	$2,347,000	-9.5%	74,540	-3.9%	0.52%	-9.6%
CCJ	Sell	CAMECO CORP	$2,073,000	-26.0%	117,400	-17.8%	0.46%	-26.0%
RXN	Sell	REXNORD CORP NEW	$2,040,000	+0.6%	71,700	-0.4%	0.45%	+0.7%
UN	Sell	UNILEVER N V	$1,901,000	-15.8%	47,900	-7.2%	0.42%	-15.9%
CVS	Buy	CVS HEALTH CORP	$1,817,000	+8.5%	22,830	+2.7%	0.40%	+8.4%
SPPP	Sell	SPROTT PHYSICAL PLAT PALLADunit	$1,787,000	-34.4%	201,950	-25.0%	0.39%	-34.4%
AMZN	Sell	AMAZON COM INC	$1,770,000	-6.3%	5,489	-5.7%	0.39%	-6.3%
FSFR	New	FIFTH STR SR FLOATNG RATE CO	$1,743,000	–	147,500	–	0.38%	–
V	New	VISA INC	$1,704,000	–	7,985	–	0.37%	–
MAR	Sell	MARRIOTT INTL INC NEWcl a	$1,692,000	-41.2%	24,200	-46.1%	0.37%	-41.3%
CG	Sell	CARLYLE GROUP L P	$1,654,000	-14.9%	54,300	-5.1%	0.36%	-15.0%
HAL	Sell	HALLIBURTON CO	$1,651,000	-26.4%	25,600	-19.0%	0.36%	-26.6%
DRWI	New	DRAGONWAVE INC	$1,638,000	–	1,332,000	–	0.36%	–
M504SC	New	NEWCASTLE INVT CORP NEW	$1,601,000	–	126,300	–	0.35%	–
PG	Buy	PROCTER & GAMBLE CO	$1,565,000	+11.5%	18,693	+4.7%	0.34%	+11.7%
CHW	New	CALAMOS GBL DYN INCOME FUND	$1,547,000	–	166,900	–	0.34%	–
AMCX	Buy	AMC NETWORKS INCcl a	$1,449,000	-2.6%	24,800	+2.5%	0.32%	-2.8%
CCI	Sell	CROWN CASTLE INTL CORP	$1,437,000	+4.4%	17,848	-3.8%	0.32%	+4.3%
NLY	Sell	ANNALY CAP MGMT INC	$1,426,000	-12.4%	133,500	-6.2%	0.31%	-12.6%
IRWD	Sell	IRONWOOD PHARMACEUTICALS INC	$1,409,000	-19.9%	108,782	-5.1%	0.31%	-19.9%
AIG	Sell	AMERICAN INTL GROUP INC	$1,381,000	-14.6%	25,570	-13.7%	0.30%	-14.6%
KO	Sell	COCA COLA CO	$1,348,000	-41.9%	31,589	-42.3%	0.30%	-42.0%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$1,339,000	+4.4%	26,160	-1.1%	0.29%	+4.3%
ABBV	Buy	ABBVIE INC	$1,333,000	+6.7%	23,080	+4.3%	0.29%	+6.9%
UAA	Sell	UNDER ARMOUR INCcl a	$1,323,000	-31.7%	19,150	-41.2%	0.29%	-31.8%
NUAN	Buy	NUANCE COMMUNICATIONS INC	$1,312,000	-17.2%	85,100	+0.8%	0.29%	-17.2%
RL	Buy	RALPH LAUREN CORPcl a	$1,263,000	+6.8%	7,670	+4.2%	0.28%	+6.5%
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$1,255,000	–	36,600	–	0.28%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$1,257,000	–	62,300	–	0.28%	–
CLX	Sell	CLOROX CO DEL	$1,207,000	-16.8%	12,570	-20.8%	0.26%	-16.9%
GDPMQ	Buy	GOODRICH PETE CORP	$1,176,000	-7.2%	79,340	+72.9%	0.26%	-7.2%
WSM	Buy	WILLIAMS SONOMA INC	$1,162,000	-4.3%	17,461	+3.3%	0.26%	-4.5%
NTRS	Buy	NORTHERN TR CORP	$1,137,000	+16.9%	16,715	+10.3%	0.25%	+16.8%
TROW	Buy	PRICE T ROWE GROUP INC	$1,092,000	+55.3%	13,933	+67.2%	0.24%	+55.8%
UTX	Sell	UNITED TECHNOLOGIES CORP	$1,027,000	-13.5%	9,730	-5.4%	0.22%	-13.8%
YHOO	New	YAHOO INC	$1,011,000	–	24,800	–	0.22%	–
CHKP	Buy	CHECK POINT SOFTWARE TECH LTord	$952,000	+5.2%	13,750	+1.9%	0.21%	+5.0%
POT	Sell	POTASH CORP SASK INC	$926,000	-54.2%	26,800	-49.7%	0.20%	-54.4%
PCI	Sell	PIMCO DYNAMIC CR INCOME FD	$924,000	-12.7%	41,100	-7.4%	0.20%	-12.5%
AMZGQ	Buy	AMERICAN EAGLE ENERGY CORP	$861,000	-2.6%	211,500	+43.3%	0.19%	-2.6%
OFS	Sell	OFS CAP CORP	$850,000	-15.3%	70,400	-8.7%	0.19%	-15.0%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$842,000	-38.0%	4,275	-38.4%	0.18%	-37.9%
ILMN	Sell	ILLUMINA INC	$844,000	-18.5%	5,150	-11.2%	0.18%	-18.9%
UL	Sell	UNILEVER PLCspon adr new	$813,000	-35.7%	19,400	-30.5%	0.18%	-35.6%
FXB	New	CURRENCYSHS BRIT POUND STERcall	$797,000	–	5,000	–	0.18%	–
GOV	New	GOVERNMENT PPTYS INCOME TR	$767,000	–	35,000	–	0.17%	–
WFC	Sell	WELLS FARGO & CO NEW	$631,000	-4.5%	12,172	-3.2%	0.14%	-4.1%
WMT	Sell	WAL-MART STORES INC	$623,000	-3.0%	8,150	-4.7%	0.14%	-2.8%
ADBE	New	ADOBE SYS INC	$609,000	–	8,800	–	0.13%	–
RDSA	Buy	ROYAL DUTCH SHELL PLCspons adr a	$601,000	+9.1%	7,888	+17.9%	0.13%	+9.1%
EOG	Sell	EOG RES INC	$594,000	-36.5%	6,000	-25.0%	0.13%	-36.6%
EZCH	New	EZCHIP SEMICONDUCTOR LIMITEDord	$552,000	–	22,900	–	0.12%	–
AMGN	New	AMGEN INC	$507,000	–	3,608	–	0.11%	–
GGG	New	GRACO INC	$479,000	–	6,570	–	0.10%	–
BOI	Sell	BROOKFIELD MTG OPP INC FD IN	$441,000	-19.1%	25,960	-16.1%	0.10%	-19.2%
LLY	Buy	LILLY ELI & CO	$366,000	+26.6%	5,650	+21.5%	0.08%	+25.0%
SWN	New	SOUTHWESTERN ENERGY CO	$349,000	–	10,000	–	0.08%	–
DSL	Sell	DOUBLELINE INCOME SOLUTIONS	$346,000	-19.3%	16,000	-16.2%	0.08%	-19.1%
RRC	New	RANGE RES CORP	$339,000	–	5,000	–	0.07%	–
NKE	New	NIKE INCcl b	$337,000	–	3,780	–	0.07%	–
CL	New	COLGATE PALMOLIVE CO	$322,000	–	4,930	–	0.07%	–
CLF	Buy	CLIFFS NAT RES INC	$322,000	+103.8%	31,000	+195.2%	0.07%	+102.9%
CPE	New	CALLON PETE CO DEL	$308,000	–	35,000	–	0.07%	–
BUD	Buy	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$268,000	+5.1%	2,420	+9.0%	0.06%	+5.4%
EMR	New	EMERSON ELEC CO	$238,000	–	3,800	–	0.05%	–
PEO	New	PETROLEUM & RES CORP	$230,000	–	8,000	–	0.05%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$225,000	–	2,000	–	0.05%	–
FSC	Buy	FIFTH STREET FINANCE CORP	$209,000	-5.4%	22,800	+1.3%	0.05%	-6.1%
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$207,000	–	1	–	0.04%	–
RAD	New	RITE AID CORP	$145,000	–	30,000	–	0.03%	–
BEE	Sell	STRATEGIC HOTELS & RESORTS I	$137,000	-84.1%	11,750	-84.0%	0.03%	-84.1%
UUUU	New	ENERGY FUELS INC	$135,000	–	20,000	–	0.03%	–
DRWIW	New	DRAGONWAVE INC*w exp 08/01/201	$130,000	–	532,500	–	0.03%	–
UAMY	Sell	UNITED STATES ANTIMONY CORP	$104,000	-52.5%	81,766	-47.0%	0.02%	-52.1%
ECYT	Sell	ENDOCYTE INC	$61,000	-38.4%	10,000	-33.3%	0.01%	-40.9%
ENDRQ	New	ENDEAVOUR INTL CORP	$6,000	–	20,000	–	0.00%	–
VLYWS	New	VALLEY NATL BANCORP*w exp 11/14/201	$6,000	–	25,000	–	0.00%	–
NLSN	Exit	NIELSEN N V	$0	–	-5,500	–	-0.06%	–
F102PS	Exit	BABCOCK & WILCOX CO NEW	$0	–	-9,000	–	-0.06%	–
FLR	Exit	FLUOR CORP NEW	$0	–	-4,000	–	-0.07%	–
XNPT	Exit	XENOPORT INC	$0	–	-81,000	–	-0.09%	–
GGZ	Exit	GABELLI GLB SML & MD CP VAL	$0	–	-40,925	–	-0.10%	–
URA	Exit	GLOBAL X FDSgblx uranium new	$0	–	-31,000	–	-0.10%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-4,000	–	-0.11%	–
HTZ	Exit	HERTZ GLOBAL HOLDINGS INC	$0	–	-21,600	–	-0.13%	–
UVXY	Exit	PROSHARES TR IIult vix shrt trm	$0	–	-28,000	–	-0.16%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-47,300	–	-0.19%	–
EOX	Exit	EMERALD OIL INC	$0	–	-129,100	–	-0.22%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-56,787	–	-0.32%	–
MCD	Exit	MCDONALDS CORP	$0	–	-17,842	–	-0.40%	–

Q2 2014

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$23,043,000	–	247,964	–	5.06%	–
VZ	New	VERIZON COMMUNICATIONS INC	$20,653,000	–	422,083	–	4.54%	–
MET	New	METLIFE INC	$13,404,000	–	241,255	–	2.94%	–
MRK	New	MERCK & CO INC NEW	$12,959,000	–	224,017	–	2.85%	–
SLB	New	SCHLUMBERGER LTD	$12,560,000	–	106,485	–	2.76%	–
PFE	New	PFIZER INC	$12,222,000	–	411,795	–	2.68%	–
JPM	New	JPMORGAN CHASE & CO	$11,895,000	–	206,437	–	2.61%	–
GE	New	GENERAL ELECTRIC CO	$11,527,000	–	438,605	–	2.53%	–
CVX	New	CHEVRON CORP NEW	$10,672,000	–	81,750	–	2.34%	–
GOOGL	New	GOOGLE INCcl a	$10,605,000	–	18,138	–	2.33%	–
MSFT	New	MICROSOFT CORP	$10,277,000	–	246,444	–	2.26%	–
EMC	New	E M C CORP MASS	$10,275,000	–	390,100	–	2.26%	–
EBAY	New	EBAY INC	$10,266,000	–	205,065	–	2.26%	–
VOD	New	VODAFONE GROUP PLC NEWspnsr adr no par	$10,242,000	–	306,735	–	2.25%	–
GDV	New	GABELLI DIVD & INCOME TR	$9,429,000	–	430,550	–	2.07%	–
PLL	New	PALL CORP	$9,236,000	–	108,158	–	2.03%	–
WFM	New	WHOLE FOODS MKT INC	$9,014,000	–	233,350	–	1.98%	–
DVN	New	DEVON ENERGY CORP NEW	$7,975,000	–	100,440	–	1.75%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,938,000	–	67,275	–	1.74%	–
BA	New	BOEING CO	$6,985,000	–	54,900	–	1.54%	–
GOOG	New	GOOGLE INCcl c	$6,166,000	–	10,718	–	1.36%	–
QCOM	New	QUALCOMM INC	$5,769,000	–	72,836	–	1.27%	–
SBUX	New	STARBUCKS CORP	$5,622,000	–	72,654	–	1.24%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$5,533,000	–	53,900	–	1.22%	–
KKR	New	KKR & CO L P DEL	$5,363,000	–	220,440	–	1.18%	–
ORCL	New	ORACLE CORP	$5,068,000	–	125,054	–	1.11%	–
AXP	New	AMERICAN EXPRESS CO	$5,053,000	–	53,265	–	1.11%	–
VEOEY	New	VEOLIA ENVIRONNEMENTsponsored adr	$4,771,000	–	251,100	–	1.05%	–
COP	New	CONOCOPHILLIPS	$4,759,000	–	55,507	–	1.05%	–
JNJ	New	JOHNSON & JOHNSON	$4,728,000	–	45,192	–	1.04%	–
APA	New	APACHE CORP	$4,578,000	–	45,495	–	1.01%	–
MON	New	MONSANTO CO NEW	$4,517,000	–	36,215	–	0.99%	–
GS	New	GOLDMAN SACHS GROUP INC	$3,934,000	–	23,495	–	0.86%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$3,887,000	–	30,716	–	0.85%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$3,736,000	–	75,550	–	0.82%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$3,729,000	–	52,210	–	0.82%	–
OASPQ	New	OASIS PETE INC NEW	$3,714,000	–	66,460	–	0.82%	–
DIS	New	DISNEY WALT CO	$3,550,000	–	41,409	–	0.78%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$3,470,000	–	46,700	–	0.76%	–
XOM	New	EXXON MOBIL CORP	$3,422,000	–	33,984	–	0.75%	–
CPN	New	CALPINE CORP	$3,391,000	–	142,400	–	0.74%	–
GILD	New	GILEAD SCIENCES INC	$3,168,000	–	38,205	–	0.70%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$3,157,000	–	57,410	–	0.69%	–
DD	New	DU PONT E I DE NEMOURS & CO	$3,030,000	–	46,300	–	0.67%	–
TWX	New	TIME WARNER INC	$2,997,000	–	42,655	–	0.66%	–
T	New	AT&T INC	$2,893,000	–	81,816	–	0.64%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$2,877,000	–	44,888	–	0.63%	–
CCJ	New	CAMECO CORP	$2,800,000	–	142,800	–	0.62%	–
SPPP	New	SPROTT PHYSICAL PLAT PALLADunit	$2,723,000	–	269,100	–	0.60%	–
BX	New	BLACKSTONE GROUP L P	$2,593,000	–	77,540	–	0.57%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$2,504,000	–	93,000	–	0.55%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$2,498,000	–	13,783	–	0.55%	–
COST	New	COSTCO WHSL CORP NEW	$2,406,000	–	20,896	–	0.53%	–
INTC	New	INTEL CORP	$2,356,000	–	76,257	–	0.52%	–
KO	New	COCA COLA CO	$2,320,000	–	54,779	–	0.51%	–
PEP	New	PEPSICO INC	$2,291,000	–	25,640	–	0.50%	–
MMM	New	3M CO	$2,278,000	–	15,904	–	0.50%	–
UN	New	UNILEVER N V	$2,258,000	–	51,600	–	0.50%	–
HAL	New	HALLIBURTON CO	$2,244,000	–	31,600	–	0.49%	–
SDRL	New	SEADRILL LIMITED	$2,217,000	–	55,500	–	0.49%	–
TYC	New	TYCO INTERNATIONAL LTD	$2,166,000	–	47,500	–	0.48%	–
POT	New	POTASH CORP SASK INC	$2,023,000	–	53,300	–	0.44%	–
RXN	New	REXNORD CORP NEW	$2,027,000	–	72,000	–	0.44%	–
CG	New	CARLYLE GROUP L P	$1,943,000	–	57,200	–	0.43%	–
UAA	New	UNDER ARMOUR INCcl a	$1,936,000	–	32,550	–	0.42%	–
AMZN	New	AMAZON COM INC	$1,890,000	–	5,820	–	0.42%	–
CAT	New	CATERPILLAR INC DEL	$1,797,000	–	16,540	–	0.40%	–
MCD	New	MCDONALDS CORP	$1,797,000	–	17,842	–	0.40%	–
IRWD	New	IRONWOOD PHARMACEUTICALS INC	$1,758,000	–	114,672	–	0.39%	–
BID	New	SOTHEBYS	$1,730,000	–	41,200	–	0.38%	–
CVS	New	CVS CAREMARK CORPORATION	$1,675,000	–	22,230	–	0.37%	–
NLY	New	ANNALY CAP MGMT INC	$1,628,000	–	142,400	–	0.36%	–
AIG	New	AMERICAN INTL GROUP INC	$1,617,000	–	29,620	–	0.36%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$1,585,000	–	84,450	–	0.35%	–
AMCX	New	AMC NETWORKS INCcl a	$1,488,000	–	24,200	–	0.33%	–
CLX	New	CLOROX CO DEL	$1,451,000	–	15,880	–	0.32%	–
NEM	New	NEWMONT MINING CORP	$1,445,000	–	56,787	–	0.32%	–
PG	New	PROCTER & GAMBLE CO	$1,403,000	–	17,858	–	0.31%	–
CCI	New	CROWN CASTLE INTL CORP	$1,377,000	–	18,548	–	0.30%	–
MDT	New	MEDTRONIC INC	$1,366,000	–	21,430	–	0.30%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,357,000	–	6,935	–	0.30%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$1,283,000	–	26,456	–	0.28%	–
NVS	New	NOVARTIS A Gsponsored adr	$1,276,000	–	14,100	–	0.28%	–
UL	New	UNILEVER PLCspon adr new	$1,264,000	–	27,900	–	0.28%	–
GDPMQ	New	GOODRICH PETE CORP	$1,267,000	–	45,890	–	0.28%	–
ABBV	New	ABBVIE INC	$1,249,000	–	22,130	–	0.27%	–
WSM	New	WILLIAMS SONOMA INC	$1,214,000	–	16,911	–	0.27%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,187,000	–	10,280	–	0.26%	–
RL	New	RALPH LAUREN CORPcl a	$1,183,000	–	7,364	–	0.26%	–
LO	New	LORILLARD INC	$1,094,000	–	17,950	–	0.24%	–
PCI	New	PIMCO DYNAMIC CR INCOME FD	$1,058,000	–	44,400	–	0.23%	–
ILMN	New	ILLUMINA INC	$1,036,000	–	5,800	–	0.23%	–
OFS	New	OFS CAP CORP	$1,003,000	–	77,150	–	0.22%	–
EOX	New	EMERALD OIL INC	$988,000	–	129,100	–	0.22%	–
NTRS	New	NORTHERN TR CORP	$973,000	–	15,150	–	0.21%	–
PNR	New	PENTAIR PLC	$970,000	–	13,451	–	0.21%	–
EOG	New	EOG RES INC	$935,000	–	8,000	–	0.20%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$905,000	–	13,500	–	0.20%	–
RPXC	New	RPX CORP	$887,000	–	50,000	–	0.20%	–
AMZGQ	New	AMERICAN EAGLE ENERGY CORP	$884,000	–	147,600	–	0.19%	–
GOLD	New	BARRICK GOLD CORP	$866,000	–	47,300	–	0.19%	–
BEE	New	STRATEGIC HOTELS & RESORTS I	$862,000	–	73,600	–	0.19%	–
ADT	New	THE ADT CORPORATION	$821,000	–	23,500	–	0.18%	–
ABT	New	ABBOTT LABS	$793,000	–	19,380	–	0.17%	–
UVXY	New	PROSHARES TR IIult vix shrt trm	$745,000	–	28,000	–	0.16%	–
KMB	New	KIMBERLY CLARK CORP	$733,000	–	6,594	–	0.16%	–
DUK	New	DUKE ENERGY CORP NEW	$716,000	–	9,651	–	0.16%	–
TROW	New	PRICE T ROWE GROUP INC	$703,000	–	8,333	–	0.15%	–
WFC	New	WELLS FARGO & CO NEW	$661,000	–	12,572	–	0.14%	–
D	New	DOMINION RES INC VA NEW	$651,000	–	9,106	–	0.14%	–
NVO	New	NOVO-NORDISK A Sadr	$651,000	–	14,100	–	0.14%	–
WMT	New	WAL-MART STORES INC	$642,000	–	8,550	–	0.14%	–
AYR	New	AIRCASTLE LTD	$631,000	–	35,500	–	0.14%	–
ROC	New	ROCKWOOD HLDGS INC	$608,000	–	8,000	–	0.13%	–
HTZ	New	HERTZ GLOBAL HOLDINGS INC	$605,000	–	21,600	–	0.13%	–
FTNT	New	FORTINET INC	$578,000	–	23,000	–	0.13%	–
PSX	New	PHILLIPS 66	$558,000	–	6,943	–	0.12%	–
HD	New	HOME DEPOT INC	$549,000	–	6,785	–	0.12%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$551,000	–	6,690	–	0.12%	–
BOI	New	BROOKFIELD MTG OPP INC FD IN	$545,000	–	30,960	–	0.12%	–
ATR	New	APTARGROUP INC	$536,000	–	8,000	–	0.12%	–
DEO	New	DIAGEO P L Cspon adr new	$509,000	–	4,000	–	0.11%	–
LG	New	LACLEDE GROUP INC	$485,000	–	10,000	–	0.11%	–
URA	New	GLOBAL X FDSgblx uranium new	$449,000	–	31,000	–	0.10%	–
GGZ	New	GABELLI GLB SML & MD CP VAL	$440,000	–	40,925	–	0.10%	–
BEN	New	FRANKLIN RES INC	$434,000	–	7,500	–	0.10%	–
DSL	New	DOUBLELINE INCOME SOLUTIONS	$429,000	–	19,100	–	0.09%	–
NEE	New	NEXTERA ENERGY INC	$410,000	–	4,000	–	0.09%	–
XNPT	New	XENOPORT INC	$391,000	–	81,000	–	0.09%	–
NSC	New	NORFOLK SOUTHERN CORP	$376,000	–	3,650	–	0.08%	–
SNY	New	SANOFIsponsored adr	$364,000	–	6,840	–	0.08%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$333,000	–	4,200	–	0.07%	–
FLR	New	FLUOR CORP NEW	$308,000	–	4,000	–	0.07%	–
PHYS	New	SPROTT PHYSICAL GOLD TRUSTunit	$297,000	–	27,000	–	0.06%	–
F102PS	New	BABCOCK & WILCOX CO NEW	$292,000	–	9,000	–	0.06%	–
LLY	New	LILLY ELI & CO	$289,000	–	4,650	–	0.06%	–
VTR	New	VENTAS INC	$288,000	–	4,500	–	0.06%	–
CAKE	New	CHEESECAKE FACTORY INC	$274,000	–	5,900	–	0.06%	–
CHRW	New	C H ROBINSON WORLDWIDE INC	$268,000	–	4,200	–	0.06%	–
NLSN	New	NIELSEN N V	$266,000	–	5,500	–	0.06%	–
PX	New	PRAXAIR INC	$266,000	–	2,000	–	0.06%	–
ACN	New	ACCENTURE PLC IRELAND	$263,000	–	3,256	–	0.06%	–
BIT	New	BLACKROCK MULTI-SECTOR INC T	$259,000	–	14,000	–	0.06%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$255,000	–	2,220	–	0.06%	–
FSC	New	FIFTH STREET FINANCE CORP	$221,000	–	22,500	–	0.05%	–
UAMY	New	UNITED STATES ANTIMONY CORP	$219,000	–	154,350	–	0.05%	–
PM	New	PHILIP MORRIS INTL INC	$219,000	–	2,600	–	0.05%	–
CERS	New	CERUS CORP	$207,000	–	50,000	–	0.04%	–
CLF	New	CLIFFS NAT RES INC	$158,000	–	10,500	–	0.04%	–
TKC	New	TURKCELL ILETISIM HIZMETLERIspon adr new	$156,000	–	10,000	–	0.03%	–
PCK	New	PIMCO CALIF MUN INCOME FD II	$99,000	–	10,500	–	0.02%	–
ECYT	New	ENDOCYTE INC	$99,000	–	15,000	–	0.02%	–
STRM	New	STREAMLINE HEALTH SOLUTIONS	$73,000	–	15,121	–	0.02%	–
ZNGA	New	ZYNGA INCcl a	$32,000	–	10,000	–	0.01%	–
CRDC	New	CARDICA INC	$17,000	–	15,000	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
CGBBW	Exit	CITIGROUP INC*w exp 10/28/201	$0	–	-50,000	–	-0.00%	–
ZNGA	Exit	ZYNGA INCcl a	$0	–	-10,000	–	-0.01%	–
EMX	Exit	EURASIAN MINERALS INC	$0	–	-50,000	–	-0.02%	–
STSI	Exit	STAR SCIENTIFIC INC	$0	–	-34,000	–	-0.02%	–
ADK	Exit	ADCARE HEALTH SYSTEMS INC	$0	–	-17,640	–	-0.02%	–
HK	Exit	HALCON RES CORP	$0	–	-16,400	–	-0.02%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-1,330	–	-0.02%	–
FTR	Exit	FRONTIER COMMUNICATIONS CORP	$0	–	-21,264	–	-0.02%	–
PCK	Exit	PIMCO CALIF MUN INCOME FD II	$0	–	-10,500	–	-0.02%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-1,800	–	-0.03%	–
PSEC	Exit	PROSPECT CAPITAL CORPORATION	$0	–	-10,000	–	-0.03%	–
V	Exit	VISA INC	$0	–	-640	–	-0.03%	–
JCPNQ	Exit	PENNEY J C INC	$0	–	-15,000	–	-0.03%	–
SYRG	Exit	SYNERGY RES CORP	$0	–	-15,000	–	-0.04%	–
TCPC	Exit	TCP CAP CORP	$0	–	-10,000	–	-0.04%	–
BEE	Exit	STRATEGIC HOTELS & RESORTS I	$0	–	-22,000	–	-0.04%	–
NKE	Exit	NIKE INCcl b	$0	–	-2,680	–	-0.05%	–
FSC	Exit	FIFTH STREET FINANCE CORP	$0	–	-20,000	–	-0.05%	–
KFN	Exit	KKR FINL HLDGS LLC	$0	–	-20,000	–	-0.05%	–
HCRSQ	Exit	HI-CRUSH PARTNERS LP	$0	–	-8,200	–	-0.05%	–
ZFC	Exit	ZAIS FINL CORP	$0	–	-12,766	–	-0.05%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-2,220	–	-0.05%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-5,000	–	-0.05%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-3,930	–	-0.05%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-3,490	–	-0.05%	–
REN	Exit	RESOLUTE ENERGY CORP	$0	–	-28,000	–	-0.06%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-3,256	–	-0.06%	–
PX	Exit	PRAXAIR INC	$0	–	-2,000	–	-0.06%	–
BPL	Exit	BUCKEYE PARTNERS L Punit ltd partn	$0	–	-3,745	–	-0.06%	–
CHRW	Exit	C H ROBINSON WORLDWIDE INC	$0	–	-4,200	–	-0.06%	–
LODE	Exit	COMSTOCK MNG INC	$0	–	-150,000	–	-0.06%	–
LLY	Exit	LILLY ELI & CO	$0	–	-5,450	–	-0.06%	–
VTR	Exit	VENTAS INC	$0	–	-4,500	–	-0.07%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-4,400	–	-0.07%	–
UAMY	Exit	UNITED STATES ANTIMONY CORP	$0	–	-200,785	–	-0.07%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-5,840	–	-0.07%	–
BID	Exit	SOTHEBYS	$0	–	-6,000	–	-0.07%	–
SXL	Exit	SUNOCO LOGISTICS PRTNRS L P	$0	–	-4,485	–	-0.07%	–
TTE	Exit	TOTAL S Asponsored adr	$0	–	-5,250	–	-0.07%	–
GIS	Exit	GENERAL MLS INC	$0	–	-6,800	–	-0.08%	–
NLSN	Exit	NIELSEN HOLDINGS N V	$0	–	-9,000	–	-0.08%	–
BIT	Exit	BLACKROCK MULTI-SECTOR INC T	$0	–	-20,000	–	-0.08%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-4,750	–	-0.08%	–
EOX	Exit	EMERALD OIL INC	$0	–	-50,000	–	-0.08%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-4,551	–	-0.09%	–
FCX	Exit	FREEPORT-MCMORAN COPPER & GO	$0	–	-11,300	–	-0.09%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-9,120	–	-0.09%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,210	–	-0.09%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-7,500	–	-0.09%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-4,980	–	-0.09%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-5,000	–	-0.09%	–
PSX	Exit	PHILLIPS 66	$0	–	-6,893	–	-0.10%	–
BLK	Exit	BLACKROCK INC	$0	–	-1,625	–	-0.10%	–
AMGN	Exit	AMGEN INC	$0	–	-4,000	–	-0.11%	–
CPHD	Exit	CEPHEID	$0	–	-12,000	–	-0.11%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-2,800	–	-0.11%	–
FTNT	Exit	FORTINET INC	$0	–	-23,334	–	-0.11%	–
ATR	Exit	APTARGROUP INC	$0	–	-8,000	–	-0.11%	–
SDLP	Exit	SEADRILL PARTNERS LLC	$0	–	-15,000	–	-0.12%	–
DSL	Exit	DOUBLELINE INCOME SOLUTIONS	$0	–	-23,600	–	-0.12%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-10,000	–	-0.12%	–
SNECQ	Exit	SANCHEZ ENERGY CORP	$0	–	-20,000	–	-0.12%	–
LO	Exit	LORILLARD INC	$0	–	-11,950	–	-0.13%	–
WYNN	Exit	WYNN RESORTS LTD	$0	–	-3,400	–	-0.13%	–
D	Exit	DOMINION RES INC VA NEW	$0	–	-9,106	–	-0.14%	–
SEP	Exit	SPECTRA ENERGY PARTNERS LP	$0	–	-13,000	–	-0.14%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-8,333	–	-0.14%	–
HD	Exit	HOME DEPOT INC	$0	–	-8,030	–	-0.14%	–
NUAN	Exit	NUANCE COMMUNICATIONS INC	$0	–	-33,100	–	-0.15%	–
AYR	Exit	AIRCASTLE LTD	$0	–	-35,500	–	-0.15%	–
BOI	Exit	BROOKFIELD MTG OPP INC FD IN	$0	–	-36,760	–	-0.15%	–
NLY	Exit	ANNALY CAP MGMT INC	$0	–	-56,750	–	-0.16%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-8,950	–	-0.16%	–
ABT	Exit	ABBOTT LABS	$0	–	-20,400	–	-0.16%	–
PNR	Exit	PENTAIR LTD	$0	–	-10,649	–	-0.16%	–
APO	Exit	APOLLO GLOBAL MGMT LLC	$0	–	-26,000	–	-0.17%	–
YUM	Exit	YUM BRANDS INC	$0	–	-10,600	–	-0.18%	–
SODA	Exit	SODASTREAM INTERNATIONAL LTD	$0	–	-12,400	–	-0.18%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-13,950	–	-0.19%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-15,750	–	-0.19%	–
QRE	Exit	QR ENERGY LPunit ltd prtns	$0	–	-49,100	–	-0.19%	–
PCI	Exit	PIMCO DYNAMIC CR INCOME FD	$0	–	-36,100	–	-0.19%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-19,750	–	-0.19%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-15,150	–	-0.20%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-8,770	–	-0.20%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-13,050	–	-0.21%	–
RPXC	Exit	RPX CORP	$0	–	-50,000	–	-0.21%	–
WSM	Exit	WILLIAMS SONOMA INC	$0	–	-15,700	–	-0.21%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-21,500	–	-0.21%	–
HAL	Exit	HALLIBURTON CO	$0	–	-19,050	–	-0.22%	–
ABBV	Exit	ABBVIE INC	$0	–	-20,600	–	-0.22%	–
CAKE	Exit	CHEESECAKE FACTORY INC	$0	–	-21,500	–	-0.22%	–
ADT	Exit	THE ADT CORPORATION	$0	–	-23,700	–	-0.23%	–
A309PS	Exit	DIRECTV	$0	–	-16,650	–	-0.24%	–
EOG	Exit	EOG RES INC	$0	–	-6,000	–	-0.24%	–
CG	Exit	CARLYLE GROUP L P	$0	–	-40,000	–	-0.24%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-14,100	–	-0.26%	–
PSLV	Exit	SPROTT PHYSICAL SILVER TRtr unit	$0	–	-131,200	–	-0.27%	–
TWX	Exit	TIME WARNER INC	$0	–	-17,350	–	-0.27%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-20,700	–	-0.28%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-25,946	–	-0.28%	–
MDT	Exit	MEDTRONIC INC	$0	–	-22,700	–	-0.29%	–
MOS	Exit	MOSAIC CO NEW	$0	–	-29,220	–	-0.30%	–
ILMN	Exit	ILLUMINA INC	$0	–	-16,000	–	-0.31%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-17,528	–	-0.31%	–
BFZ	Exit	BLACKROCK CALIF MUN INCOME Tsh ben int	$0	–	-95,340	–	-0.32%	–
2108SC	Exit	EL PASO PIPELINE PARTNERS L	$0	–	-32,100	–	-0.32%	–
CCI	Exit	CROWN CASTLE INTL CORP	$0	–	-18,548	–	-0.32%	–
CLX	Exit	CLOROX CO DEL	$0	–	-16,780	–	-0.32%	–
NTI	Exit	NORTHERN TIER ENERGY LP	$0	–	-70,400	–	-0.33%	–
ETP	Exit	ENERGY TRANSFER PRTNRS L Punit ltd partn	$0	–	-26,800	–	-0.33%	–
PETM	Exit	PETSMART INC	$0	–	-20,600	–	-0.37%	–
UN	Exit	UNILEVER N V	$0	–	-42,520	–	-0.38%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-51,100	–	-0.38%	–
VNRSQ	Exit	VANGUARD NAT RES LLC	$0	–	-58,100	–	-0.38%	–
OFS	Exit	OFS CAP CORP	$0	–	-131,050	–	-0.39%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRUSTunit	$0	–	-151,500	–	-0.40%	–
TYC	Exit	TYCO INTERNATIONAL LTD	$0	–	-49,200	–	-0.41%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-20,875	–	-0.41%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-68,630	–	-0.43%	–
MCD	Exit	MCDONALDS CORP	$0	–	-18,856	–	-0.43%	–
SPPP	Exit	SPROTT PHYSICAL PLAT PALLADunit	$0	–	-211,100	–	-0.45%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-67,120	–	-0.45%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-93,000	–	-0.47%	–
PEP	Exit	PEPSICO INC	$0	–	-25,690	–	-0.48%	–
KO	Exit	COCA COLA CO	$0	–	-55,682	–	-0.50%	–
QCOM	Exit	QUALCOMM INC	$0	–	-31,850	–	-0.51%	–
T	Exit	AT&T INC	$0	–	-64,305	–	-0.52%	–
FEN	Exit	FIRST TR ENERGY INCOME & GRW	$0	–	-73,069	–	-0.55%	–
FRC	Exit	FIRST REP BK SAN FRANCISCO C	$0	–	-51,500	–	-0.57%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-13,784	–	-0.60%	–
EBAY	Exit	EBAY INC	$0	–	-50,000	–	-0.66%	–
DIS	Exit	DISNEY WALT CO	$0	–	-43,349	–	-0.66%	–
MMM	Exit	3M CO	$0	–	-23,545	–	-0.67%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-24,437	–	-0.67%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-113,700	–	-0.67%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-47,348	–	-0.68%	–
INTC	Exit	INTEL CORP	$0	–	-129,107	–	-0.70%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-44,604	–	-0.71%	–
DMLP	Exit	DORCHESTER MINERALS LP	$0	–	-127,300	–	-0.72%	–
CPN	Exit	CALPINE CORP	$0	–	-161,600	–	-0.74%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-86,700	–	-0.78%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-21,315	–	-0.80%	–
EIM	Exit	EATON VANCE MUN BD FD	$0	–	-292,300	–	-0.80%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-30,115	–	-0.81%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-55,550	–	-0.84%	–
ORCL	Exit	ORACLE CORP	$0	–	-107,529	–	-0.84%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-61,700	–	-0.86%	–
VEOEY	Exit	VEOLIA ENVIRONNEMENTsponsored adr	$0	–	-218,600	–	-0.89%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-56,965	–	-0.94%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-54,350	–	-0.97%	–
KKR	Exit	KKR & CO L P DEL	$0	–	-202,050	–	-0.98%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-121,970	–	-1.03%	–
FIF	Exit	FIRST TR ENERGY INFRASTRCTR	$0	–	-201,568	–	-1.03%	–
APA	Exit	APACHE CORP	$0	–	-51,595	–	-1.04%	–
MON	Exit	MONSANTO CO NEW	$0	–	-42,900	–	-1.06%	–
FEI	Exit	FIRST TR MLP & ENERGY INCOME	$0	–	-245,300	–	-1.14%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-55,850	–	-1.15%	–
ARCO	Exit	ARCOS DORADOS HOLDINGS INC	$0	–	-416,074	–	-1.17%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-92,580	–	-1.27%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-61,075	–	-1.32%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-76,355	–	-1.56%	–
BA	Exit	BOEING CO	$0	–	-59,765	–	-1.66%	–
WPZ	Exit	WILLIAMS PARTNERS L P	$0	–	-134,600	–	-1.69%	–
4945SC	Exit	KINDER MORGAN ENERGY PARTNERut ltd partner	$0	–	-99,450	–	-1.88%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-9,703	–	-2.01%	–
GDV	Exit	GABELLI DIVD & INCOME TR	$0	–	-445,075	–	-2.10%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-171,975	–	-2.11%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-378,875	–	-2.14%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-98,925	–	-2.16%	–
PLL	Exit	PALL CORP	$0	–	-123,875	–	-2.26%	–
MET	Exit	METLIFE INC	$0	–	-208,360	–	-2.32%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-118,735	–	-2.48%	–
EMC	Exit	E M C CORP MASS	$0	–	-434,175	–	-2.63%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-335,778	–	-2.65%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-241,453	–	-2.72%	–
PFE	Exit	PFIZER INC	$0	–	-435,492	–	-2.96%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-280,960	–	-3.11%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-116,723	–	-3.36%	–
VOD	Exit	VODAFONE GROUP PLC NEWspons adr new	$0	–	-414,650	–	-3.46%	–
AAPL	Exit	APPLE INC	$0	–	-38,684	–	-4.37%	–

Q3 2013

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$18,443,000	+11.7%	38,684	-7.1%	4.37%	+6.1%
VOD	Sell	VODAFONE GROUP PLC NEWspons adr new	$14,587,000	+20.4%	414,650	-1.6%	3.46%	+14.3%
CVX	Buy	CHEVRON CORP NEW	$14,182,000	+2.8%	116,723	+0.1%	3.36%	-2.3%
VZ	Sell	VERIZON COMMUNICATIONS INC	$13,114,000	-15.5%	280,960	-8.9%	3.11%	-19.8%
PFE	Sell	PFIZER INC	$12,510,000	+1.7%	435,492	-0.9%	2.96%	-3.5%
MRK	Sell	MERCK & CO INC NEW	$11,495,000	+1.5%	241,453	-1.0%	2.72%	-3.6%
MSFT	Buy	MICROSOFT CORP	$11,175,000	-0.9%	335,778	+2.9%	2.65%	-5.9%
EMC	Sell	E M C CORP MASS	$11,098,000	+7.3%	434,175	-0.9%	2.63%	+1.9%
SLB	Sell	SCHLUMBERGER LTD	$10,491,000	+23.2%	118,735	-0.1%	2.48%	+17.1%
MET	Buy	METLIFE INC	$9,783,000	+3.6%	208,360	+1.0%	2.32%	-1.6%
PLL	Sell	PALL CORP	$9,543,000	+15.8%	123,875	-0.1%	2.26%	+10.0%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$9,116,000	+8.2%	98,925	-0.7%	2.16%	+2.8%
GE	Sell	GENERAL ELECTRIC CO	$9,051,000	-0.4%	378,875	-3.3%	2.14%	-5.3%
JPM	Buy	JPMORGAN CHASE & CO	$8,889,000	+4.0%	171,975	+6.2%	2.11%	-1.2%
GDV	Sell	GABELLI DIVD & INCOME TR	$8,848,000	+1.9%	445,075	-1.0%	2.10%	-3.2%
GOOGL	Sell	GOOGLE INCcl a	$8,499,000	-1.1%	9,703	-0.6%	2.01%	-6.0%
4945SC	Sell	KINDER MORGAN ENERGY PARTNERut ltd partner	$7,939,000	-7.7%	99,450	-1.3%	1.88%	-12.3%
WPZ	Sell	WILLIAMS PARTNERS L P	$7,118,000	-4.6%	134,600	-6.9%	1.69%	-9.4%
BA	Buy	BOEING CO	$7,022,000	+16.8%	59,765	+1.9%	1.66%	+10.9%
XOM	Sell	EXXON MOBIL CORP	$6,570,000	-6.5%	76,355	-1.8%	1.56%	-11.1%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$5,580,000	+1281.2%	61,075	+1206.4%	1.32%	+1208.9%
DVN	Buy	DEVON ENERGY CORP NEW	$5,347,000	+18.0%	92,580	+6.0%	1.27%	+12.1%
ARCO	Sell	ARCOS DORADOS HOLDINGS INC	$4,930,000	-0.7%	416,074	-2.2%	1.17%	-5.7%
JNJ	Sell	JOHNSON & JOHNSON	$4,842,000	-2.3%	55,850	-3.3%	1.15%	-7.2%
FEI	Buy	FIRST TR MLP & ENERGY INCOME	$4,805,000	+42.9%	245,300	+49.3%	1.14%	+35.8%
MON	Buy	MONSANTO CO NEW	$4,477,000	+37.1%	42,900	+29.8%	1.06%	+30.3%
APA	Sell	APACHE CORP	$4,393,000	+1.5%	51,595	-0.1%	1.04%	-3.5%
FIF	Sell	FIRST TR ENERGY INFRASTRCTR	$4,342,000	-11.7%	201,568	-2.5%	1.03%	-16.1%
KMI	Buy	KINDER MORGAN INC DEL	$4,338,000	+73.7%	121,970	+86.3%	1.03%	+65.0%
KKR	Buy	KKR & CO L P DEL	$4,158,000	+4.8%	202,050	+0.1%	0.98%	-0.4%
AXP	Buy	AMERICAN EXPRESS CO	$4,105,000	+1.2%	54,350	+0.2%	0.97%	-3.9%
COP	Sell	CONOCOPHILLIPS	$3,960,000	+12.6%	56,965	-2.0%	0.94%	+7.0%
VEOEY	Sell	VEOLIA ENVIRONNEMENTsponsored adr	$3,742,000	+46.7%	218,600	-2.2%	0.89%	+39.3%
DD	Buy	DU PONT E I DE NEMOURS & CO	$3,613,000	+16.8%	61,700	+4.8%	0.86%	+11.0%
ORCL	Buy	ORACLE CORP	$3,567,000	+8.1%	107,529	+0.1%	0.84%	+2.7%
RY	Sell	ROYAL BK CDA MONTREAL QUE	$3,567,000	+9.7%	55,550	-0.4%	0.84%	+4.2%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$3,418,000	-3.3%	30,115	-4.7%	0.81%	-8.1%
EIM	New	EATON VANCE MUN BD FD	$3,379,000	–	292,300	–	0.80%	–
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTDadr	$3,276,000	-17.5%	86,700	-14.4%	0.78%	-21.6%
CPN	Sell	CALPINE CORP	$3,140,000	-8.5%	161,600	-0.1%	0.74%	-13.1%
DMLP	Sell	DORCHESTER MINERALS LP	$3,042,000	-3.2%	127,300	-0.8%	0.72%	-7.9%
DUK	Sell	DUKE ENERGY CORP NEW	$2,979,000	-1.3%	44,604	-0.2%	0.71%	-6.2%
INTC	Buy	INTEL CORP	$2,959,000	+42.3%	129,107	+50.5%	0.70%	+35.3%
EPD	Sell	ENTERPRISE PRODS PARTNERS L	$2,890,000	-2.0%	47,348	-0.2%	0.68%	-6.8%
COST	Buy	COSTCO WHSL CORP NEW	$2,814,000	+4.3%	24,437	+0.2%	0.67%	-0.9%
MMM	Sell	3M CO	$2,812,000	+8.9%	23,545	-0.3%	0.67%	+3.4%
DIS	Buy	DISNEY WALT CO	$2,796,000	+3.6%	43,349	+1.4%	0.66%	-1.6%
EBAY	Sell	EBAY INC	$2,790,000	+3.8%	50,000	-3.8%	0.66%	-1.5%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$2,553,000	-38.7%	13,784	-36.8%	0.60%	-41.8%
FRC	Buy	FIRST REP BK SAN FRANCISCO C	$2,401,000	+152.2%	51,500	+108.1%	0.57%	+140.1%
FEN	Sell	FIRST TR ENERGY INCOME & GRW	$2,338,000	-8.3%	73,069	-2.7%	0.55%	-12.9%
T	Buy	AT&T INC	$2,175,000	+2.2%	64,305	+7.0%	0.52%	-3.0%
QCOM	Buy	QUALCOMM INC	$2,144,000	+35.8%	31,850	+23.2%	0.51%	+28.9%
KO	Sell	COCA COLA CO	$2,109,000	-7.6%	55,682	-2.1%	0.50%	-12.1%
NEM	Buy	NEWMONT MINING CORP	$1,886,000	-3.5%	67,120	+2.8%	0.45%	-8.2%
SPPP	Buy	SPROTT PHYSICAL PLAT PALLADunit	$1,881,000	+19.6%	211,100	+12.6%	0.45%	+13.8%
MCD	Sell	MCDONALDS CORP	$1,814,000	-7.5%	18,856	-4.8%	0.43%	-12.1%
AEM	Sell	AGNICO EAGLE MINES LTD	$1,817,000	-9.1%	68,630	-5.4%	0.43%	-13.7%
CAT	Sell	CATERPILLAR INC DEL	$1,741,000	-58.6%	20,875	-59.0%	0.41%	-60.7%
PHYS	Sell	SPROTT PHYSICAL GOLD TRUSTunit	$1,670,000	+3.9%	151,500	-3.4%	0.40%	-1.2%
OFS	Buy	OFS CAP CORP	$1,659,000	+7.7%	131,050	+1.2%	0.39%	+2.3%
VNRSQ	New	VANGUARD NAT RES LLC	$1,626,000	–	58,100	–	0.38%	–
UN	Sell	UNILEVER N V	$1,604,000	-8.3%	42,520	-4.5%	0.38%	-12.8%
LUMN	Sell	CENTURYLINK INC	$1,604,000	-13.1%	51,100	-2.1%	0.38%	-17.4%
NTI	Sell	NORTHERN TIER ENERGY LP	$1,388,000	-26.3%	70,400	-10.2%	0.33%	-30.0%
CLX	Sell	CLOROX CO DEL	$1,371,000	-4.6%	16,780	-2.9%	0.32%	-9.2%
2108SC	Sell	EL PASO PIPELINE PARTNERS L	$1,355,000	-4.0%	32,100	-0.6%	0.32%	-8.8%
BFZ	Buy	BLACKROCK CALIF MUN INCOME Tsh ben int	$1,339,000	+1.0%	95,340	+7.0%	0.32%	-4.2%
PG	Sell	PROCTER & GAMBLE CO	$1,325,000	-9.6%	17,528	-7.9%	0.31%	-14.0%
ILMN	Buy	ILLUMINA INC	$1,293,000	+32.9%	16,000	+23.1%	0.31%	+25.9%
MOS	New	MOSAIC CO NEW	$1,257,000	–	29,220	–	0.30%	–
MDT	Sell	MEDTRONIC INC	$1,209,000	+2.5%	22,700	-0.9%	0.29%	-2.7%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$1,201,000	+3.4%	25,946	-0.2%	0.28%	-1.7%
TWX	Buy	TIME WARNER INC	$1,142,000	+14.5%	17,350	+0.6%	0.27%	+8.8%
PSLV	Sell	SPROTT PHYSICAL SILVER TRtr unit	$1,145,000	+9.7%	131,200	-3.0%	0.27%	+4.2%
A309PS	New	DIRECTV	$995,000	–	16,650	–	0.24%	–
HAL	Sell	HALLIBURTON CO	$917,000	+15.1%	19,050	-0.3%	0.22%	+9.0%
MAR	New	MARRIOTT INTL INC NEWcl a	$904,000	–	21,500	–	0.21%	–
WSM	Buy	WILLIAMS SONOMA INC	$882,000	+1.8%	15,700	+1.3%	0.21%	-3.2%
PCI	Buy	PIMCO DYNAMIC CR INCOME FD	$803,000	+8.5%	36,100	+11.8%	0.19%	+2.7%
QRE	Sell	QR ENERGY LPunit ltd prtns	$799,000	-62.9%	49,100	-59.9%	0.19%	-64.8%
SODA	Sell	SODASTREAM INTERNATIONAL LTD	$773,000	-14.9%	12,400	-0.8%	0.18%	-19.0%
NLY	Buy	ANNALY CAP MGMT INC	$657,000	-4.2%	56,750	+4.0%	0.16%	-8.8%
BOI	Buy	BROOKFIELD MTG OPP INC FD IN	$623,000	-5.6%	36,760	+2.8%	0.15%	-10.3%
NUAN	Buy	NUANCE COMMUNICATIONS INC	$618,000	+71.2%	33,100	+68.9%	0.15%	+62.2%
HD	Buy	HOME DEPOT INC	$609,000	+8.8%	8,030	+11.1%	0.14%	+2.9%
TROW	Sell	PRICE T ROWE GROUP INC	$599,000	-14.2%	8,333	-12.6%	0.14%	-18.4%
SNECQ	New	SANCHEZ ENERGY CORP	$528,000	–	20,000	–	0.12%	–
PAA	Buy	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$527,000	+88.9%	10,000	+100.0%	0.12%	+78.6%
DSL	Buy	DOUBLELINE INCOME SOLUTIONS	$518,000	+4.2%	23,600	+10.3%	0.12%	-0.8%
BLK	Sell	BLACKROCK INC	$440,000	-61.8%	1,625	-63.8%	0.10%	-63.9%
SBUX	Sell	STARBUCKS CORP	$383,000	+15.0%	4,980	-2.0%	0.09%	+9.6%
BEN	Buy	FRANKLIN RES INC	$379,000	+11.5%	7,500	+200.0%	0.09%	+5.9%
AMZN	Buy	AMAZON COM INC	$378,000	+35.0%	1,210	+19.8%	0.09%	+28.6%
WFC	Sell	WELLS FARGO & CO NEW	$377,000	-2.1%	9,120	-2.3%	0.09%	-7.3%
FCX	Buy	FREEPORT-MCMORAN COPPER & GO	$374,000	+25.5%	11,300	+4.6%	0.09%	+20.3%
NEE	Sell	NEXTERA ENERGY INC	$365,000	-2.7%	4,551	-1.1%	0.09%	-8.5%
EOX	New	EMERALD OIL INC	$359,000	–	50,000	–	0.08%	–
BIT	Sell	BLACKROCK MULTI-SECTOR INC T	$333,000	-9.8%	20,000	-4.8%	0.08%	-14.1%
NLSN	Sell	NIELSEN HOLDINGS N V	$328,000	-70.6%	9,000	-72.9%	0.08%	-71.9%
TTE	Sell	TOTAL S Asponsored adr	$304,000	+16.5%	5,250	-1.9%	0.07%	+10.8%
SNY	Sell	SANOFIsponsored adr	$296,000	-15.9%	5,840	-14.6%	0.07%	-20.5%
UAMY	Sell	UNITED STATES ANTIMONY CORP	$279,000	+17.2%	200,785	-6.7%	0.07%	+11.9%
LODE	New	COMSTOCK MNG INC	$270,000	–	150,000	–	0.06%	–
PX	Sell	PRAXAIR INC	$240,000	-5.5%	2,000	-9.3%	0.06%	-9.5%
REN	Sell	RESOLUTE ENERGY CORP	$234,000	-25.7%	28,000	-29.1%	0.06%	-30.4%
RDSA	Sell	ROYAL DUTCH SHELL PLCspons adr a	$229,000	+1.3%	3,490	-1.4%	0.05%	-3.6%
EXPD	New	EXPEDITORS INTL WASH INC	$220,000	–	5,000	–	0.05%	–
ZFC	Sell	ZAIS FINL CORP	$221,000	-17.5%	12,766	-13.5%	0.05%	-22.4%
HCRSQ	Sell	HI-CRUSH PARTNERS LP	$216,000	-46.7%	8,200	-52.3%	0.05%	-49.5%
KFN	New	KKR FINL HLDGS LLC	$207,000	–	20,000	–	0.05%	–
FSC	New	FIFTH STREET FINANCE CORP	$206,000	–	20,000	–	0.05%	–
NKE	New	NIKE INCcl b	$195,000	–	2,680	–	0.05%	–
SYRG	New	SYNERGY RES CORP	$146,000	–	15,000	–	0.04%	–
JCPNQ	New	PENNEY J C INC	$132,000	–	15,000	–	0.03%	–
V	New	VISA INC	$122,000	–	640	–	0.03%	–
EMR	New	EMERSON ELEC CO	$116,000	–	1,800	–	0.03%	–
FTR	Sell	FRONTIER COMMUNICATIONS CORP	$89,000	+1.1%	21,264	-1.7%	0.02%	-4.5%
CL	New	COLGATE PALMOLIVE CO	$79,000	–	1,330	–	0.02%	–
HK	Sell	HALCON RES CORP	$73,000	-86.6%	16,400	-82.9%	0.02%	-87.5%
EMX	Sell	EURASIAN MINERALS INC	$62,000	-48.8%	50,000	-50.0%	0.02%	-50.0%
GDPMQ	Exit	GOODRICH PETE CORP	$0	–	-10,000	–	-0.03%	–
SDOCQ	Exit	SANDRIDGE ENERGY INC	$0	–	-30,300	–	-0.04%	–
IEP	Exit	ICAHN ENTERPRISES LPdepositary unit	$0	–	-3,000	–	-0.05%	–
UWM	Exit	PROSHARES TR	$0	–	-4,000	–	-0.06%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,800	–	-0.06%	–
SNH	Exit	SENIOR HSG PPTYS TRsh ben int	$0	–	-11,000	–	-0.07%	–
CLMT	Exit	CALUMET SPECIALTY PRODS PTNRut ltd partner	$0	–	-8,000	–	-0.07%	–
EVEPQ	Exit	EV ENERGY PARTNERS LP	$0	–	-8,190	–	-0.08%	–
VXX	Exit	BARCLAYS BK PLCipath s&p500 vix	$0	–	-18,000	–	-0.09%	–
DOW	Exit	DOW CHEM CO	$0	–	-20,200	–	-0.16%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-37,800	–	-0.36%	–
TGT	Exit	TARGET CORP	$0	–	-38,915	–	-0.67%	–

Q2 2013

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$16,506,000	–	41,626	–	4.12%	–
VZ	New	VERIZON COMMUNICATIONS INC	$15,527,000	–	308,450	–	3.87%	–
CVX	New	CHEVRON CORP NEW	$13,795,000	–	116,573	–	3.44%	–
PFE	New	PFIZER INC	$12,306,000	–	439,342	–	3.07%	–
VOD	New	VODAFONE GROUP PLC NEWspons adr new	$12,118,000	–	421,581	–	3.02%	–
MRK	New	MERCK & CO INC NEW	$11,325,000	–	243,802	–	2.82%	–
MSFT	New	MICROSOFT CORP	$11,276,000	–	326,428	–	2.81%	–
EMC	New	E M C CORP MASS	$10,347,000	–	438,075	–	2.58%	–
MET	New	METLIFE INC	$9,443,000	–	206,360	–	2.36%	–
GE	New	GENERAL ELECTRIC CO	$9,085,000	–	391,785	–	2.26%	–
GDV	New	GABELLI DIVD & INCOME TR	$8,681,000	–	449,575	–	2.16%	–
4945SC	New	KINDER MORGAN ENERGY PARTNERut ltd partner	$8,604,000	–	100,750	–	2.14%	–
GOOGL	New	GOOGLE INCcl a	$8,591,000	–	9,758	–	2.14%	–
JPM	New	JPMORGAN CHASE & CO	$8,549,000	–	161,947	–	2.13%	–
SLB	New	SCHLUMBERGER LTD	$8,513,000	–	118,795	–	2.12%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$8,427,000	–	99,575	–	2.10%	–
PLL	New	PALL CORP	$8,241,000	–	124,050	–	2.06%	–
WPZ	New	WILLIAMS PARTNERS L P	$7,461,000	–	144,600	–	1.86%	–
XOM	New	EXXON MOBIL CORP	$7,023,000	–	77,730	–	1.75%	–
BA	New	BOEING CO	$6,010,000	–	58,665	–	1.50%	–
ARCO	New	ARCOS DORADOS HOLDINGS INC	$4,967,000	–	425,224	–	1.24%	–
JNJ	New	JOHNSON & JOHNSON	$4,957,000	–	57,730	–	1.24%	–
FIF	New	FIRST TR ENERGY INFRASTRCTR	$4,920,000	–	206,648	–	1.23%	–
DVN	New	DEVON ENERGY CORP NEW	$4,533,000	–	87,370	–	1.13%	–
APA	New	APACHE CORP	$4,329,000	–	51,645	–	1.08%	–
CAT	New	CATERPILLAR INC DEL	$4,203,000	–	50,950	–	1.05%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$4,166,000	–	21,800	–	1.04%	–
AXP	New	AMERICAN EXPRESS CO	$4,056,000	–	54,250	–	1.01%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$3,971,000	–	101,300	–	0.99%	–
KKR	New	KKR & CO L P DEL	$3,966,000	–	201,750	–	0.99%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$3,535,000	–	31,586	–	0.88%	–
COP	New	CONOCOPHILLIPS	$3,516,000	–	58,115	–	0.88%	–
CPN	New	CALPINE CORP	$3,433,000	–	161,700	–	0.86%	–
FEI	New	FIRST TR MLP & ENERGY INCOME	$3,362,000	–	164,299	–	0.84%	–
ORCL	New	ORACLE CORP	$3,299,000	–	107,429	–	0.82%	–
MON	New	MONSANTO CO NEW	$3,265,000	–	33,050	–	0.81%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$3,251,000	–	55,750	–	0.81%	–
GS	New	GOLDMAN SACHS GROUP INC	$3,224,000	–	21,315	–	0.80%	–
DMLP	New	DORCHESTER MINERALS LP	$3,142,000	–	128,300	–	0.78%	–
DD	New	DU PONT E I DE NEMOURS & CO	$3,092,000	–	58,900	–	0.77%	–
DUK	New	DUKE ENERGY CORP NEW	$3,018,000	–	44,704	–	0.75%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$2,949,000	–	47,448	–	0.74%	–
DIS	New	DISNEY WALT CO	$2,700,000	–	42,749	–	0.67%	–
COST	New	COSTCO WHSL CORP NEW	$2,697,000	–	24,393	–	0.67%	–
EBAY	New	EBAY INC	$2,689,000	–	52,000	–	0.67%	–
TGT	New	TARGET CORP	$2,680,000	–	38,915	–	0.67%	–
MMM	New	3M CO	$2,582,000	–	23,615	–	0.64%	–
FEN	New	FIRST TR ENERGY INCOME & GRW	$2,551,000	–	75,069	–	0.64%	–
VEOEY	New	VEOLIA ENVIRONNEMENTsponsored adr	$2,551,000	–	223,600	–	0.64%	–
KMI	New	KINDER MORGAN INC DEL	$2,498,000	–	65,470	–	0.62%	–
BX	New	BLACKSTONE GROUP L P	$2,395,000	–	113,700	–	0.60%	–
KO	New	COCA COLA CO	$2,282,000	–	56,882	–	0.57%	–
QRE	New	QR ENERGY LPunit ltd prtns	$2,153,000	–	122,400	–	0.54%	–
T	New	AT&T INC	$2,128,000	–	60,118	–	0.53%	–
PEP	New	PEPSICO INC	$2,101,000	–	25,690	–	0.52%	–
INTC	New	INTEL CORP	$2,079,000	–	85,807	–	0.52%	–
AEM	New	AGNICO EAGLE MINES LTD	$1,999,000	–	72,580	–	0.50%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$1,974,000	–	93,000	–	0.49%	–
MCD	New	MCDONALDS CORP	$1,961,000	–	19,806	–	0.49%	–
NEM	New	NEWMONT MINING CORP	$1,955,000	–	65,270	–	0.49%	–
NTI	New	NORTHERN TIER ENERGY LP	$1,883,000	–	78,400	–	0.47%	–
LUMN	New	CENTURYLINK INC	$1,845,000	–	52,200	–	0.46%	–
UN	New	UNILEVER N V	$1,750,000	–	44,520	–	0.44%	–
TYC	New	TYCO INTERNATIONAL LTD	$1,621,000	–	49,200	–	0.40%	–
PHYS	New	SPROTT PHYSICAL GOLD TRUSTunit	$1,607,000	–	156,900	–	0.40%	–
QCOM	New	QUALCOMM INC	$1,579,000	–	25,850	–	0.39%	–
SPPP	New	SPROTT PHYSICAL PLAT PALLADunit	$1,573,000	–	187,500	–	0.39%	–
OFS	New	OFS CAP CORP	$1,540,000	–	129,450	–	0.38%	–
PG	New	PROCTER & GAMBLE CO	$1,465,000	–	19,028	–	0.36%	–
POT	New	POTASH CORP SASK INC	$1,441,000	–	37,800	–	0.36%	–
CLX	New	CLOROX CO DEL	$1,437,000	–	17,280	–	0.36%	–
2108SC	New	EL PASO PIPELINE PARTNERS L	$1,411,000	–	32,300	–	0.35%	–
PETM	New	PETSMART INC	$1,380,000	–	20,600	–	0.34%	–
ETP	New	ENERGY TRANSFER PRTNRS L Punit ltd partn	$1,354,000	–	26,800	–	0.34%	–
CCI	New	CROWN CASTLE INTL CORP	$1,343,000	–	18,548	–	0.34%	–
BFZ	New	BLACKROCK CALIF MUN INCOME Tsh ben int	$1,326,000	–	89,140	–	0.33%	–
CVS	New	CVS CAREMARK CORPORATION	$1,184,000	–	20,700	–	0.30%	–
MDT	New	MEDTRONIC INC	$1,179,000	–	22,900	–	0.29%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$1,162,000	–	25,996	–	0.29%	–
BLK	New	BLACKROCK INC	$1,153,000	–	4,490	–	0.29%	–
NLSN	New	NIELSEN HOLDINGS N V	$1,115,000	–	33,200	–	0.28%	–
PSLV	New	SPROTT PHYSICAL SILVER TRtr unit	$1,044,000	–	135,200	–	0.26%	–
CG	New	CARLYLE GROUP L P	$1,025,000	–	40,000	–	0.26%	–
NVS	New	NOVARTIS A Gsponsored adr	$997,000	–	14,100	–	0.25%	–
TWX	New	TIME WARNER INC	$997,000	–	17,250	–	0.25%	–
ILMN	New	ILLUMINA INC	$973,000	–	13,000	–	0.24%	–
FRC	New	FIRST REP BK SAN FRANCISCO C	$952,000	–	24,750	–	0.24%	–
ADT	New	THE ADT CORPORATION	$944,000	–	23,700	–	0.24%	–
SODA	New	SODASTREAM INTERNATIONAL LTD	$908,000	–	12,500	–	0.23%	–
CAKE	New	CHEESECAKE FACTORY INC	$901,000	–	21,500	–	0.22%	–
NTRS	New	NORTHERN TR CORP	$877,000	–	15,150	–	0.22%	–
WSM	New	WILLIAMS SONOMA INC	$866,000	–	15,500	–	0.22%	–
KMB	New	KIMBERLY CLARK CORP	$852,000	–	8,770	–	0.21%	–
ABBV	New	ABBVIE INC	$852,000	–	20,600	–	0.21%	–
RPXC	New	RPX CORP	$840,000	–	50,000	–	0.21%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$814,000	–	19,750	–	0.20%	–
HAL	New	HALLIBURTON CO	$797,000	–	19,100	–	0.20%	–
EOG	New	EOG RES INC	$790,000	–	6,000	–	0.20%	–
BMO	New	BANK MONTREAL QUE	$757,000	–	13,050	–	0.19%	–
PCI	New	PIMCO DYNAMIC CR INCOME FD	$740,000	–	32,300	–	0.18%	–
YUM	New	YUM BRANDS INC	$735,000	–	10,600	–	0.18%	–
ABT	New	ABBOTT LABS	$712,000	–	20,400	–	0.18%	–
TROW	New	PRICE T ROWE GROUP INC	$698,000	–	9,533	–	0.17%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$693,000	–	13,950	–	0.17%	–
NLY	New	ANNALY CAP MGMT INC	$686,000	–	54,550	–	0.17%	–
WMT	New	WAL-MART STORES INC	$667,000	–	8,950	–	0.17%	–
BOI	New	BROOKFIELD MTG OPP INC FD IN	$660,000	–	35,760	–	0.16%	–
DOW	New	DOW CHEM CO	$650,000	–	20,200	–	0.16%	–
APO	New	APOLLO GLOBAL MGMT LLC	$627,000	–	26,000	–	0.16%	–
PNR	New	PENTAIR LTD	$614,000	–	10,649	–	0.15%	–
SEP	New	SPECTRA ENERGY PARTNERS LP	$598,000	–	13,000	–	0.15%	–
AYR	New	AIRCASTLE LTD	$568,000	–	35,500	–	0.14%	–
HD	New	HOME DEPOT INC	$560,000	–	7,230	–	0.14%	–
HK	New	HALCON RES CORP	$544,000	–	96,000	–	0.14%	–
LO	New	LORILLARD INC	$522,000	–	11,950	–	0.13%	–
D	New	DOMINION RES INC VA NEW	$517,000	–	9,106	–	0.13%	–
DSL	New	DOUBLELINE INCOME SOLUTIONS	$497,000	–	21,400	–	0.12%	–
ATR	New	APTARGROUP INC	$442,000	–	8,000	–	0.11%	–
SDLP	New	SEADRILL PARTNERS LLC	$440,000	–	15,000	–	0.11%	–
WYNN	New	WYNN RESORTS LTD	$435,000	–	3,400	–	0.11%	–
NVO	New	NOVO-NORDISK A Sadr	$434,000	–	2,800	–	0.11%	–
CPHD	New	CEPHEID	$413,000	–	12,000	–	0.10%	–
FTNT	New	FORTINET INC	$408,000	–	23,334	–	0.10%	–
HCRSQ	New	HI-CRUSH PARTNERS LP	$405,000	–	17,200	–	0.10%	–
PSX	New	PHILLIPS 66	$406,000	–	6,893	–	0.10%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$404,000	–	4,675	–	0.10%	–
AMGN	New	AMGEN INC	$395,000	–	4,000	–	0.10%	–
FB	New	FACEBOOK INCcl a	$392,000	–	15,750	–	0.10%	–
WFC	New	WELLS FARGO & CO NEW	$385,000	–	9,330	–	0.10%	–
NEE	New	NEXTERA ENERGY INC	$375,000	–	4,601	–	0.09%	–
VXX	New	BARCLAYS BK PLCipath s&p500 vix	$373,000	–	18,000	–	0.09%	–
BIT	New	BLACKROCK MULTI-SECTOR INC T	$369,000	–	21,000	–	0.09%	–
NSC	New	NORFOLK SOUTHERN CORP	$363,000	–	5,000	–	0.09%	–
NUAN	New	NUANCE COMMUNICATIONS INC	$361,000	–	19,600	–	0.09%	–
SNY	New	SANOFIsponsored adr	$352,000	–	6,840	–	0.09%	–
BEN	New	FRANKLIN RES INC	$340,000	–	2,500	–	0.08%	–
SBUX	New	STARBUCKS CORP	$333,000	–	5,080	–	0.08%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$327,000	–	4,750	–	0.08%	–
GIS	New	GENERAL MLS INC	$330,000	–	6,800	–	0.08%	–
REN	New	RESOLUTE ENERGY CORP	$315,000	–	39,500	–	0.08%	–
VTR	New	VENTAS INC	$313,000	–	4,500	–	0.08%	–
ETR	New	ENTERGY CORP NEW	$307,000	–	4,400	–	0.08%	–
EVEPQ	New	EV ENERGY PARTNERS LP	$306,000	–	8,190	–	0.08%	–
FCX	New	FREEPORT-MCMORAN COPPER & GO	$298,000	–	10,800	–	0.07%	–
CLMT	New	CALUMET SPECIALTY PRODS PTNRut ltd partner	$291,000	–	8,000	–	0.07%	–
SXL	New	SUNOCO LOGISTICS PRTNRS L P	$287,000	–	4,485	–	0.07%	–
SNH	New	SENIOR HSG PPTYS TRsh ben int	$285,000	–	11,000	–	0.07%	–
AMZN	New	AMAZON COM INC	$280,000	–	1,010	–	0.07%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$279,000	–	5,000	–	0.07%	–
LLY	New	LILLY ELI & CO	$268,000	–	5,450	–	0.07%	–
ZFC	New	ZAIS FINL CORP	$268,000	–	14,766	–	0.07%	–
BPL	New	BUCKEYE PARTNERS L Punit ltd partn	$263,000	–	3,745	–	0.07%	–
TTE	New	TOTAL S Asponsored adr	$261,000	–	5,350	–	0.06%	–
PX	New	PRAXAIR INC	$254,000	–	2,206	–	0.06%	–
PM	New	PHILIP MORRIS INTL INC	$243,000	–	2,800	–	0.06%	–
UWM	New	PROSHARES TR	$240,000	–	4,000	–	0.06%	–
CHRW	New	C H ROBINSON WORLDWIDE INC	$237,000	–	4,200	–	0.06%	–
UAMY	New	UNITED STATES ANTIMONY CORP	$238,000	–	215,285	–	0.06%	–
ACN	New	ACCENTURE PLC IRELAND	$234,000	–	3,256	–	0.06%	–
BID	New	SOTHEBYS	$227,000	–	6,000	–	0.06%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$226,000	–	3,540	–	0.06%	–
IEP	New	ICAHN ENTERPRISES LPdepositary unit	$218,000	–	3,000	–	0.05%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$214,000	–	3,930	–	0.05%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$200,000	–	2,220	–	0.05%	–
BEE	New	STRATEGIC HOTELS & RESORTS I	$195,000	–	22,000	–	0.05%	–
TCPC	New	TCP CAP CORP	$168,000	–	10,000	–	0.04%	–
SDOCQ	New	SANDRIDGE ENERGY INC	$144,000	–	30,300	–	0.04%	–
GDPMQ	New	GOODRICH PETE CORP	$128,000	–	10,000	–	0.03%	–
EMX	New	EURASIAN MINERALS INC	$121,000	–	100,000	–	0.03%	–
PSEC	New	PROSPECT CAPITAL CORPORATION	$108,000	–	10,000	–	0.03%	–
PCK	New	PIMCO CALIF MUN INCOME FD II	$103,000	–	10,500	–	0.03%	–
FTR	New	FRONTIER COMMUNICATIONS CORP	$88,000	–	21,624	–	0.02%	–
ADK	New	ADCARE HEALTH SYSTEMS INC	$85,000	–	17,640	–	0.02%	–
STSI	New	STAR SCIENTIFIC INC	$47,000	–	34,000	–	0.01%	–
ZNGA	New	ZYNGA INCcl a	$28,000	–	10,000	–	0.01%	–
CGBBW	New	CITIGROUP INC*w exp 10/28/201	$4,000	–	50,000	–	0.00%	–

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