FIC CAPITAL INC Activity Q4 2010-Q3 2017

Q3 2017

			Value		Shares		↓ Weighting
ADBE	Sell	ADOBE SYSTEMS	$19,312,000	+3.8%	129,453	-1.6%	7.36%	-3.8%
ALNY	Sell	ALNYLAM PHARMA	$17,703,000	+30.3%	150,676	-11.5%	6.74%	+20.7%
SGMO	Sell	SANGAMO	$13,642,000	+61.4%	909,437	-5.3%	5.20%	+49.5%
CMCSA	Sell	COMCAST CORP A	$9,681,000	-3.1%	251,577	-2.0%	3.69%	-10.2%
SBAC	Sell	SBA COMMUNICATIONS	$8,312,000	+2.3%	57,702	-4.2%	3.17%	-5.2%
BRKB	Sell	BERK HATHAWAY B	$8,160,000	+3.9%	44,511	-4.0%	3.11%	-3.8%
BSV	Buy	VANGUARD SHORT TERM BD ETF	$6,757,000	+25.7%	84,650	+25.7%	2.57%	+16.4%
GOOG	Sell	ALPHABET CL C	$6,130,000	+4.3%	6,391	-1.2%	2.34%	-3.4%
NXPI	Sell	NXP SEMI	$5,816,000	-0.2%	51,426	-3.4%	2.22%	-7.6%
MSFT	Sell	MICROSOFT CORP	$5,092,000	+6.6%	68,353	-1.4%	1.94%	-1.3%
LBTYK	Sell	LIBERTY GLOBAL C	$5,046,000	+4.3%	154,304	-0.6%	1.92%	-3.4%
AMT	Sell	AMERICAN TOWER	$4,849,000	+2.1%	35,476	-1.1%	1.85%	-5.4%
LLY	Sell	LILLY ELI & CO COM	$4,676,000	+3.9%	54,665	-0.1%	1.78%	-3.8%
PNC	Sell	PNC FINL CORP COM	$4,215,000	+6.4%	31,278	-1.4%	1.61%	-1.4%
HBI	Sell	HANESBRANDS INC	$4,209,000	+0.4%	170,833	-5.7%	1.60%	-7.0%
UPS	Sell	UNITED PARCEL B	$4,143,000	+7.5%	34,502	-1.0%	1.58%	-0.4%
CHKP	Buy	CHECK POINT SOFTWARE	$3,961,000	+9.4%	34,736	+4.7%	1.51%	+1.3%
INTC	Sell	INTEL CORP	$3,690,000	+11.4%	96,914	-1.3%	1.41%	+3.2%
BND	Buy	VANGUARD TOTAL BD MARKET	$3,690,000	+3.2%	45,019	+3.1%	1.41%	-4.4%
LBRDA	Sell	LBRTY BRDBND A	$3,622,000	+9.4%	38,456	-0.3%	1.38%	+1.4%
MAA	Buy	MID-AMERICA APTS	$3,611,000	+1.6%	33,786	+0.2%	1.38%	-5.9%
ANTM	Sell	ANTHEM	$3,514,000	-0.8%	18,505	-1.7%	1.34%	-8.1%
BBT	Sell	BB&T CORP	$3,417,000	+2.5%	72,796	-0.8%	1.30%	-5.0%
HD	Sell	HOME DEPOT INC COM	$3,395,000	+0.9%	20,759	-5.4%	1.29%	-6.6%
WFC	Buy	WELLS FARGO & CO COM	$3,348,000	+1.4%	60,703	+1.9%	1.28%	-6.0%
FB	Buy	FACEBOOK INC CL A	$3,334,000	+15.2%	19,509	+1.7%	1.27%	+6.6%
BLL	Sell	BALL CORP COM	$3,013,000	-9.4%	72,947	-7.4%	1.15%	-16.1%
JNJ	Sell	JOHNSON & JOHNSON	$2,960,000	-4.9%	22,769	-3.2%	1.13%	-11.9%
TLP	Sell	TRANSMONTAIGNE	$2,908,000	-0.2%	68,082	-1.9%	1.11%	-7.6%
APC	Buy	ANADARKO	$2,639,000	+10.5%	54,020	+2.5%	1.00%	+2.2%
AAPL	Sell	APPLE INC	$2,586,000	+5.6%	16,777	-1.4%	0.98%	-2.2%
NVS	Sell	NOVARTIS AG	$2,453,000	+2.0%	28,573	-0.9%	0.94%	-5.6%
MSCC	Buy	MICROSEMI CORP COM	$2,441,000	+14.0%	47,420	+3.6%	0.93%	+5.6%
LVNTA	Sell	LIBERTY INTERACTIVE	$2,396,000	+5.6%	41,636	-4.0%	0.91%	-2.1%
UNH	Sell	UNITEDHEALTH GROUP	$2,383,000	+5.6%	12,167	-0.0%	0.91%	-2.2%
LEXEA	Buy	LIBERTY EXPEDIA	$2,182,000	-1.0%	41,092	+0.8%	0.83%	-8.3%
BKLN	Buy	SR LOAN -BKLN	$2,134,000	+1.0%	92,160	+1.0%	0.81%	-6.4%
KO	Sell	COCA COLA CO COM	$2,059,000	-0.7%	45,739	-1.0%	0.78%	-8.1%
AVGO	Buy	BROADCOM LTD	$2,059,000	+20.3%	8,490	+15.6%	0.78%	+11.4%
NKTR	Buy	NEKTAR THERAPEUTICS COM	$2,053,000	+35.1%	85,556	+10.0%	0.78%	+25.1%
BABA	Buy	ALIBABA GROUP	$1,972,000	+32.8%	11,420	+8.3%	0.75%	+22.9%
LGFB	Sell	LIONS GATE B	$1,918,000	+19.4%	60,349	-1.3%	0.73%	+10.6%
AES	Sell	AES CORP COM	$1,888,000	-3.4%	171,300	-2.6%	0.72%	-10.6%
DIS	Buy	WALT DISNEY CO COM	$1,828,000	-1.0%	18,545	+6.7%	0.70%	-8.4%
LGFA	Sell	LIONS GATE A	$1,736,000	+16.7%	51,898	-1.5%	0.66%	+8.0%
APA	Buy	APACHE CORP	$1,709,000	-0.3%	37,307	+4.3%	0.65%	-7.7%
XOM	Sell	EXXON MOBIL	$1,693,000	-3.0%	20,649	-4.5%	0.64%	-10.2%
BK	Buy	BNY MELLON CORP COM	$1,625,000	+18.5%	30,647	+14.0%	0.62%	+9.8%
ILMN	Sell	ILLUMINA INC	$1,550,000	+7.2%	7,783	-6.6%	0.59%	-0.7%
DLTH	Sell	DULUTH HOLDINGS INC COM	$1,470,000	+9.5%	72,449	-1.7%	0.56%	+1.4%
COST	Sell	COSTCO	$1,467,000	+1.4%	8,930	-1.3%	0.56%	-6.1%
BIIB	Sell	BIOGEN IDEC INC	$1,400,000	+9.8%	4,470	-4.9%	0.53%	+1.7%
NKE	Sell	NIKE INC CL B	$1,311,000	-12.6%	25,279	-0.6%	0.50%	-19.1%
UTX	Sell	UNITED TECH CORP COM	$1,219,000	-7.2%	10,504	-2.3%	0.46%	-14.1%
OXY	Sell	OCCIDENTAL PETE	$1,185,000	+6.9%	18,450	-0.4%	0.45%	-1.1%
	Sell	TWITTER INC NT CONVnote	$1,167,000	-1.1%	1,232,000	-1.4%	0.44%	-8.2%
AGN	Sell	ALLERGAN PLC COM	$1,024,000	-18.1%	4,996	-2.9%	0.39%	-24.3%
	Sell	LIBERTY MEDIA CONVERTnote	$981,000	-40.8%	1,391,000	-44.1%	0.37%	-45.1%
HSIC	Buy	SCHEIN HENRY INC COM	$958,000	-13.6%	11,690	+92.9%	0.36%	-20.0%
IPHI	New	INPHI CORP	$919,000	–	23,150	–	0.35%	–
SEP	Sell	SPECTRA ENERGY	$910,000	+2.5%	20,510	-0.9%	0.35%	-4.9%
USB	Buy	US BANCORP COM (NEW)	$867,000	+6.1%	16,179	+2.8%	0.33%	-1.8%
VV	Buy	VANGUARD LARGE-CAP ETF	$851,000	+6.2%	7,377	+2.2%	0.32%	-1.5%
LBTYA	Sell	LIBERTY GLOBAL A	$850,000	+5.5%	25,078	-0.0%	0.32%	-2.4%
VTI	Sell	VANGUARD TTL MKT ETF	$814,000	+1.4%	6,282	-2.6%	0.31%	-6.1%
BKR	New	BAKER HUGHES GE	$769,000	–	21,010	–	0.29%	–
CRM	Sell	SALESFORCE.COM	$750,000	+5.2%	8,030	-2.4%	0.29%	-2.4%
BAH	Sell	BOOZ ALLEN	$734,000	+11.6%	19,620	-3.0%	0.28%	+3.3%
PG	Sell	PROCTER & GAMBLE	$653,000	-2.1%	7,182	-6.1%	0.25%	-9.1%
PEP	Sell	PEPSICO INC	$606,000	-21.3%	5,435	-18.4%	0.23%	-27.1%
BLK	Sell	BLACKROCK INC COM	$564,000	-9.8%	1,262	-14.7%	0.22%	-16.3%
BMY	Sell	BRISTOL MYERS	$557,000	+14.1%	8,740	-0.3%	0.21%	+5.5%
DISCK	Sell	DISCOVERY COMM C	$526,000	-24.2%	25,981	-5.6%	0.20%	-29.8%
DVY	Sell	ISHARES TR SELECT DIVID ETF FD	$523,000	-1.1%	5,583	-2.6%	0.20%	-8.7%
TDG	Sell	TRANSDIGM GROUP	$520,000	-6.1%	2,034	-1.2%	0.20%	-13.2%
ABT	Sell	ABBOTT LABS	$504,000	+4.3%	9,440	-5.0%	0.19%	-3.5%
PYPL	Sell	PAYPAL HLDGS	$493,000	+15.2%	7,700	-3.4%	0.19%	+6.8%
GOOGL	Buy	ALPHABET CL A	$490,000	+5.2%	503	+0.4%	0.19%	-2.6%
SMIN	Buy	ISHARES INDIA SC	$418,000	+10.9%	9,134	+7.6%	0.16%	+2.6%
LILAK	Sell	LILAC	$391,000	-0.3%	16,786	-8.3%	0.15%	-7.5%
ITW	Sell	ILLINOIS TOOL WORKS	$291,000	-10.5%	1,965	-13.4%	0.11%	-17.2%
QRTEA	Sell	QVC GROUP COM SER	$280,000	-7.9%	11,897	-4.0%	0.11%	-14.4%
ABBV	Sell	ABBVIE INC COM	$258,000	+18.3%	2,900	-3.3%	0.10%	+8.9%
VGK	Buy	VANGUARD FTSE EUROPE	$252,000	+21.2%	4,315	+14.2%	0.10%	+11.6%
ED	Sell	CONSOLIDATED EDISON	$252,000	-6.7%	3,125	-6.3%	0.10%	-13.5%
XLF	Buy	SPDR TRUST FINANCIAL SELECT	$242,000	+7.1%	9,363	+2.4%	0.09%	-1.1%
BA	New	BOEING CO COM	$228,000	–	895	–	0.09%	–
	New	LIBERTY VENTURES	$209,000	–	3,639	–	0.08%	–
TRIP	New	TRIPADVISOR INC COM	$208,000	–	5,129	–	0.08%	–
ZBH	Exit	ZIMMER BIOMET HLDGS	$0	–	-1,690	–	-0.09%	–
COL	Exit	ROCKWELL COLLINS	$0	–	-6,549	–	-0.28%	–

Q2 2017

			Value		Shares		↓ Weighting
ADBE	New	ADOBE SYSTEMS	$18,601,000	–	131,511	–	7.65%	–
ALNY	New	ALNYLAM PHARMA	$13,585,000	–	170,329	–	5.59%	–
CMCSA	New	COMCAST CORP A	$9,990,000	–	256,671	–	4.11%	–
SGMO	New	SANGAMO	$8,451,000	–	960,338	–	3.48%	–
SBAC	New	SBA COMMUNICATIONS	$8,122,000	–	60,210	–	3.34%	–
BRKB	New	BERK HATHAWAY B	$7,855,000	–	46,379	–	3.23%	–
GOOG	New	ALPHABET CL C	$5,879,000	–	6,470	–	2.42%	–
NXPI	New	NXP SEMI	$5,829,000	–	53,261	–	2.40%	–
BSV	New	VANGUARD SHORT TERM BD ETF	$5,376,000	–	67,320	–	2.21%	–
LBTYK	New	LIBERTY GLOBAL C	$4,840,000	–	155,232	–	1.99%	–
MSFT	New	MICROSOFT CORP	$4,778,000	–	69,319	–	1.96%	–
AMT	New	AMERICAN TOWER	$4,748,000	–	35,883	–	1.95%	–
LLY	New	LILLY ELI & CO COM	$4,502,000	–	54,700	–	1.85%	–
HBI	New	HANESBRANDS INC	$4,194,000	–	181,095	–	1.72%	–
PNC	New	PNC FINL CORP COM	$3,961,000	–	31,718	–	1.63%	–
UPS	New	UNITED PARCEL B	$3,854,000	–	34,849	–	1.58%	–
CHKP	New	CHECK POINT SOFTWARE	$3,620,000	–	33,185	–	1.49%	–
BND	New	VANGUARD TOTAL BD MARKET	$3,574,000	–	43,679	–	1.47%	–
MAA	New	MID-AMERICA APTS	$3,554,000	–	33,728	–	1.46%	–
ANTM	New	ANTHEM	$3,542,000	–	18,825	–	1.46%	–
HD	New	HOME DEPOT INC COM	$3,366,000	–	21,942	–	1.38%	–
BBT	New	BB&T CORP	$3,333,000	–	73,391	–	1.37%	–
BLL	New	BALL CORP COM	$3,325,000	–	78,776	–	1.37%	–
INTC	New	INTEL CORP	$3,312,000	–	98,151	–	1.36%	–
LBRDA	New	LBRTY BRDBND A	$3,310,000	–	38,578	–	1.36%	–
WFC	New	WELLS FARGO & CO COM	$3,301,000	–	59,578	–	1.36%	–
JNJ	New	JOHNSON & JOHNSON	$3,111,000	–	23,518	–	1.28%	–
TLP	New	TRANSMONTAIGNE	$2,914,000	–	69,392	–	1.20%	–
FB	New	FACEBOOK INC CL A	$2,895,000	–	19,177	–	1.19%	–
FDX	New	FEDEX CORP	$2,609,000	–	12,005	–	1.07%	–
AAPL	New	APPLE INC	$2,449,000	–	17,008	–	1.01%	–
NVS	New	NOVARTIS AG	$2,406,000	–	28,823	–	0.99%	–
APC	New	ANADARKO	$2,389,000	–	52,697	–	0.98%	–
LVNTA	New	LIBERTY INTERACTIVE	$2,268,000	–	43,366	–	0.93%	–
UNH	New	UNITEDHEALTH GROUP	$2,257,000	–	12,172	–	0.93%	–
LEXEA	New	LIBERTY EXPEDIA	$2,203,000	–	40,784	–	0.91%	–
MSCC	New	MICROSEMI CORP COM	$2,142,000	–	45,777	–	0.88%	–
BKLN	New	SR LOAN -BKLN	$2,112,000	–	91,255	–	0.87%	–
KO	New	COCA COLA CO COM	$2,073,000	–	46,224	–	0.85%	–
RMBS	New	RAMBUS INC	$2,057,000	–	180,000	–	0.85%	–
TD	New	TORONTO DOMINION	$2,035,000	–	40,400	–	0.84%	–
AES	New	AES CORP COM	$1,954,000	–	175,875	–	0.80%	–
DIS	New	WALT DISNEY CO COM	$1,847,000	–	17,380	–	0.76%	–
XOM	New	EXXON MOBIL	$1,746,000	–	21,627	–	0.72%	–
APA	New	APACHE CORP	$1,714,000	–	35,762	–	0.70%	–
AVGO	New	BROADCOM LTD	$1,712,000	–	7,347	–	0.70%	–
	New	LIBERTY MEDIA CONVERTnote	$1,656,000	–	2,490,000	–	0.68%	–
LGFB	New	LIONS GATE B	$1,607,000	–	61,146	–	0.66%	–
T	New	AT&T INC COM	$1,603,000	–	42,478	–	0.66%	–
NKTR	New	NEKTAR THERAPEUTICS COM	$1,520,000	–	77,751	–	0.62%	–
NKE	New	NIKE INC CL B	$1,500,000	–	25,419	–	0.62%	–
LGFA	New	LIONS GATE A	$1,487,000	–	52,695	–	0.61%	–
BABA	New	ALIBABA GROUP	$1,485,000	–	10,540	–	0.61%	–
COST	New	COSTCO	$1,447,000	–	9,050	–	0.60%	–
ILMN	New	ILLUMINA INC	$1,446,000	–	8,333	–	0.60%	–
BK	New	BNY MELLON CORP COM	$1,371,000	–	26,872	–	0.56%	–
DLTH	New	DULUTH HOLDINGS INC COM	$1,342,000	–	73,714	–	0.55%	–
UTX	New	UNITED TECH CORP COM	$1,313,000	–	10,754	–	0.54%	–
BIIB	New	BIOGEN IDEC INC	$1,275,000	–	4,698	–	0.52%	–
AGN	New	ALLERGAN PLC COM	$1,251,000	–	5,147	–	0.52%	–
	New	TWITTER INC NT CONVnote	$1,180,000	–	1,250,000	–	0.48%	–
OXY	New	OCCIDENTAL PETE	$1,109,000	–	18,520	–	0.46%	–
HSIC	New	SCHEIN HENRY INC COM	$1,109,000	–	6,060	–	0.46%	–
IONS	New	IONIS PHARMACEUTICAL	$981,000	–	19,290	–	0.40%	–
EXPE	New	EXPEDIA INC	$967,000	–	6,489	–	0.40%	–
SEP	New	SPECTRA ENERGY	$888,000	–	20,690	–	0.36%	–
AMGN	New	AMGEN INC	$877,000	–	5,090	–	0.36%	–
USB	New	US BANCORP COM (NEW)	$817,000	–	15,734	–	0.34%	–
LBTYA	New	LIBERTY GLOBAL A	$806,000	–	25,085	–	0.33%	–
VTI	New	VANGUARD TTL MKT ETF	$803,000	–	6,452	–	0.33%	–
VV	New	VANGUARD LARGE-CAP ETF	$801,000	–	7,219	–	0.33%	–
PEP	New	PEPSICO INC	$770,000	–	6,664	–	0.32%	–
FLDM	New	FLUIDIGM CORP	$762,000	–	188,700	–	0.31%	–
CRM	New	SALESFORCE.COM	$713,000	–	8,230	–	0.29%	–
DISCK	New	DISCOVERY COMM C	$694,000	–	27,515	–	0.28%	–
COL	New	ROCKWELL COLLINS	$688,000	–	6,549	–	0.28%	–
ET	New	ENERGY TRANSFER L.P.	$685,000	–	38,168	–	0.28%	–
TWX	New	TIME WARNER	$682,000	–	6,788	–	0.28%	–
PG	New	PROCTER & GAMBLE	$667,000	–	7,652	–	0.27%	–
BAH	New	BOOZ ALLEN	$658,000	–	20,220	–	0.27%	–
CNI	New	CAN NATL Rail	$628,000	–	7,748	–	0.26%	–
BLK	New	BLACKROCK INC COM	$625,000	–	1,480	–	0.26%	–
QRTEB	New	QVC GROUP COM SER	$617,000	–	25,191	–	0.25%	–
BOND	New	PIMCO ETF TR ACTIVE BD ETF	$610,000	–	5,754	–	0.25%	–
TDG	New	TRANSDIGM GROUP	$554,000	–	2,059	–	0.23%	–
DVY	New	ISHARES TR SELECT DIVID ETF FD	$529,000	–	5,733	–	0.22%	–
ATVI	New	ACTIVISION	$530,000	–	9,200	–	0.22%	–
BMY	New	BRISTOL MYERS	$488,000	–	8,765	–	0.20%	–
ABT	New	ABBOTT LABS	$483,000	–	9,940	–	0.20%	–
GOOGL	New	ALPHABET CL A	$466,000	–	501	–	0.19%	–
LBTYB	New	LIBERTY GLOBAL B	$438,000	–	13,469	–	0.18%	–
PYPL	New	PAYPAL HLDGS	$428,000	–	7,970	–	0.18%	–
LSXMK	New	LIBERTY MEDIA C SIRIUSXM	$400,000	–	9,603	–	0.16%	–
LILAK	New	LILAC	$392,000	–	18,314	–	0.16%	–
SMIN	New	ISHARES INDIA SC	$377,000	–	8,490	–	0.16%	–
ITW	New	ILLINOIS TOOL WORKS	$325,000	–	2,270	–	0.13%	–
IWV	New	ISHARES TR RUSSELL 3K	$324,000	–	2,250	–	0.13%	–
QRTEA	New	QVC GROUP COM SER	$304,000	–	12,387	–	0.12%	–
ZTS	New	ZOETIS INC CL A	$304,000	–	4,877	–	0.12%	–
MU	New	MICRON TECH	$299,000	–	10,000	–	0.12%	–
IAC	New	IAC INTERACTIVE	$287,000	–	2,776	–	0.12%	–
ED	New	CONSOLIDATED EDISON	$270,000	–	3,335	–	0.11%	–
MMM	New	3M CO COM	$266,000	–	1,276	–	0.11%	–
ORCL	New	ORACLE	$243,000	–	4,850	–	0.10%	–
SPGI	New	S&P GLOBAL INC COM	$237,000	–	1,620	–	0.10%	–
MCD	New	MCDONALDS	$230,000	–	1,500	–	0.10%	–
LBRDK	New	LBRTY BRDBND C	$225,000	–	2,592	–	0.09%	–
XLF	New	SPDR TRUST FINANCIAL SELECT	$226,000	–	9,146	–	0.09%	–
ABBV	New	ABBVIE INC COM	$218,000	–	3,000	–	0.09%	–
ZBH	New	ZIMMER BIOMET HLDGS	$217,000	–	1,690	–	0.09%	–
VGK	New	VANGUARD FTSE EUROPE	$208,000	–	3,780	–	0.09%	–
NSC	New	NORFOLK SOUTHN CORP COM	$207,000	–	1,700	–	0.08%	–
MUA	New	BLACKROCK MUNIASSETS	$194,000	–	12,944	–	0.08%	–
NAN	New	NUVEEN NY MUNI	$173,000	–	12,260	–	0.07%	–
BKEP	New	BLUEKNIGHT	$108,000	–	17,275	–	0.04%	–
MDM	New	MOUNTAIN PROV DIA	$33,000	–	10,878	–	0.01%	–

Q4 2016

			Value		Shares		↓ Weighting
MDM	Exit	MOUNTAIN PROV DIA	$0	–	-10,878	–	-0.03%	–
NRG	Exit	NRG ENERGY INC NEW	$0	–	-10,660	–	-0.05%	–
BKEP	Exit	BLUEKNIGHT	$0	–	-25,475	–	-0.07%	–
NAN	Exit	NUVEEN NY Div Ad	$0	–	-12,260	–	-0.08%	–
MUA	Exit	BLACKROCK MUNIASSETS	$0	–	-12,944	–	-0.09%	–
SPGI	Exit	S&P GLOBAL	$0	–	-1,620	–	-0.09%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-2,150	–	-0.09%	–
SPY	Exit	SPDR S&P 500 ETF TR TR UNIT	$0	–	-998	–	-0.10%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC COM	$0	–	-1,740	–	-0.10%	–
MMM	Exit	3M CO COM	$0	–	-1,275	–	-0.10%	–
GE	Exit	GE	$0	–	-8,452	–	-0.11%	–
VO	Exit	VANGUARD MID-CAP	$0	–	-1,940	–	-0.11%	–
ED	Exit	CONSOLIDATED EDISON	$0	–	-3,335	–	-0.11%	–
SLB	Exit	SCHLUMBERGER	$0	–	-3,270	–	-0.12%	–
ZTS	Exit	ZOETIS INC CL A	$0	–	-5,327	–	-0.12%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-2,320	–	-0.12%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-4,105	–	-0.14%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-4,950	–	-0.14%	–
PRGO	Exit	PERRIGO CO	$0	–	-3,430	–	-0.14%	–
BAC	Exit	BANK AMER CORP COM	$0	–	-20,680	–	-0.14%	–
KBE	Exit	SPDR SER TR S&P BK ETF	$0	–	-9,800	–	-0.15%	–
PYPL	Exit	PAYPAL HLDGS	$0	–	-8,285	–	-0.15%	–
CVX	Exit	CHEVRON CORP COM	$0	–	-3,471	–	-0.16%	–
QRTEA	Exit	QVC GROUP COM SER	$0	–	-17,987	–	-0.16%	–
PAY	Exit	VERIFONE SYSTEMS INC	$0	–	-23,301	–	-0.16%	–
XLF	Exit	SPDR TR FINANCIAL	$0	–	-19,575	–	-0.17%	–
LBRDK	Exit	LBRTY BRDBND C	$0	–	-5,362	–	-0.17%	–
ATVI	Exit	ACTIVISION	$0	–	-9,200	–	-0.18%	–
ABT	Exit	ABBOTT LABS	$0	–	-9,840	–	-0.19%	–
TRIP	Exit	TRIPADVISOR INC COM	$0	–	-7,404	–	-0.21%	–
LBTYB	Exit	LIBERTY GLOBAL B	$0	–	-13,481	–	-0.21%	–
DVY	Exit	ISHARES TR SELECT DIVID	$0	–	-5,748	–	-0.22%	–
QRTEB	Exit	QVC GROUP COM SER	$0	–	-25,241	–	-0.23%	–
CNI	Exit	CAN NATL Rail	$0	–	-7,898	–	-0.23%	–
TWX	Exit	TIME WARNER	$0	–	-6,788	–	-0.24%	–
UTX	Exit	UNITED TECH CORP COM	$0	–	-5,519	–	-0.25%	–
LILAK	Exit	LIBERTY GL LILA C	$0	–	-20,379	–	-0.26%	–
COL	Exit	ROCKWELL COLLINS	$0	–	-6,799	–	-0.26%	–
LSXMK	Exit	LIBERTY MEDIA C SIRIUSXM	$0	–	-17,270	–	-0.26%	–
BK	Exit	BNY MELLON CORP COM	$0	–	-15,267	–	-0.27%	–
ET	Exit	ENERGY TRANSFER L.P.	$0	–	-38,468	–	-0.29%	–
VTI	Exit	VANGUARD TOTAL STK	$0	–	-5,796	–	-0.29%	–
USB	Exit	US BANCORP COM (NEW)	$0	–	-15,234	–	-0.29%	–
BOND	Exit	PIMCO TOT RET	$0	–	-6,274	–	-0.30%	–
GOOGL	Exit	ALPHABET CL A	$0	–	-907	–	-0.33%	–
EXPE	Exit	EXPEDIA INC	$0	–	-6,489	–	-0.34%	–
PEP	Exit	PEPSICO INC	$0	–	-7,248	–	-0.35%	–
BMY	Exit	BRISTOL MYERS	$0	–	-14,965	–	-0.36%	–
FB	Exit	FACEBOOK INC CL A	$0	–	-6,725	–	-0.39%	–
NKE	Exit	NIKE INC CL B	$0	–	-16,509	–	-0.39%	–
SEP	Exit	SPECTRA ENERGY PARTNERS LP COM	$0	–	-20,355	–	-0.40%	–
AMGN	Exit	AMGEN INC	$0	–	-5,390	–	-0.40%	–
	Exit	LIBERTY MEDIA CONVERTnote	$0	–	-1,499,995	–	-0.40%	–
LBTYA	Exit	LIBERTY GLOBAL A	$0	–	-27,731	–	-0.43%	–
TDG	Exit	TRANSDIGM GROUP	$0	–	-3,372	–	-0.44%	–
IONS	Exit	IONIS PHARMACEUTICAL	$0	–	-26,730	–	-0.44%	–
DISCK	Exit	DISCOVERY COMM C	$0	–	-40,584	–	-0.48%	–
LNKD	Exit	LINKEDIN CORP CL A	$0	–	-5,719	–	-0.49%	–
PNRA	Exit	PANERA BREAD	$0	–	-5,655	–	-0.49%	–
BLK	Exit	BLACKROCK INC COM	$0	–	-3,107	–	-0.51%	–
UNH	Exit	UNITEDHEALTH GROUP	$0	–	-8,069	–	-0.51%	–
HSIC	Exit	HENRY SCHEIN	$0	–	-7,446	–	-0.54%	–
BABA	Exit	ALIBABA GROUP	$0	–	-11,520	–	-0.55%	–
	Exit	LINKEDIN CORP SR NT CONVnote	$0	–	-1,248,000	–	-0.56%	–
WFC	Exit	WELLS FARGO	$0	–	-30,098	–	-0.60%	–
AGN	Exit	ALLERGAN PLC COM	$0	–	-6,014	–	-0.62%	–
OXY	Exit	OCCIDENTAL PETE	$0	–	-19,165	–	-0.63%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-16,112	–	-0.65%	–
FLDM	Exit	FLUIDIGM CORP	$0	–	-188,700	–	-0.68%	–
CVS	Exit	CVS CAREMARK CORP	$0	–	-17,360	–	-0.69%	–
MRK	Exit	MERCK & CO INC	$0	–	-25,318	–	-0.71%	–
MSCC	Exit	MICROSEMI CORP COM	$0	–	-39,050	–	-0.74%	–
COO	Exit	COOPER COS INC COM NEW	$0	–	-9,532	–	-0.77%	–
NVS	Exit	NOVARTIS AG	$0	–	-21,741	–	-0.77%	–
ILMN	Exit	ILLUMINA INC	$0	–	-9,462	–	-0.77%	–
PFE	Exit	PFIZER INC	$0	–	-52,567	–	-0.80%	–
TD	Exit	TORONTO DOMINION	$0	–	-40,400	–	-0.80%	–
ANTM	Exit	ANTHEM	$0	–	-14,449	–	-0.81%	–
DIS	Exit	WALT DISNEY CO COM	$0	–	-19,789	–	-0.82%	–
KO	Exit	COCA COLA CO COM	$0	–	-44,314	–	-0.84%	–
T	Exit	AT&T INC COM	$0	–	-51,007	–	-0.93%	–
FDX	Exit	FEDEX CORP	$0	–	-12,655	–	-0.99%	–
LGF	Exit	LIONS GATE ENTER	$0	–	-111,450	–	-1.00%	–
RMBS	Exit	RAMBUS INC	$0	–	-180,000	–	-1.01%	–
APA	Exit	APACHE CORP	$0	–	-35,614	–	-1.02%	–
AAPL	Exit	APPLE INC	$0	–	-20,509	–	-1.04%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-7,532	–	-1.06%	–
AES	Exit	AES CORP COM	$0	–	-187,350	–	-1.08%	–
XOM	Exit	EXXON MOBIL	$0	–	-29,424	–	-1.15%	–
TGT	Exit	TARGET CORP COM	$0	–	-38,104	–	-1.18%	–
HD	Exit	HOME DEPOT INC COM	$0	–	-20,908	–	-1.21%	–
TLP	Exit	TRANSMONTAIGNE PARTNERS LP COM	$0	–	-66,152	–	-1.22%	–
CHKP	Exit	CHECK POINT SOFTWARE	$0	–	-35,250	–	-1.23%	–
BBT	Exit	BB&T CORP	$0	–	-76,290	–	-1.29%	–
MAA	Exit	MID-AMERICA APTS	$0	–	-32,092	–	-1.35%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-26,247	–	-1.39%	–
BND	Exit	VANGUARD TOTAL BD	$0	–	-37,434	–	-1.41%	–
BSV	Exit	VANGUARD SHORT TERM BD	$0	–	-40,265	–	-1.46%	–
APC	Exit	ANADARKO	$0	–	-52,810	–	-1.50%	–
UPS	Exit	UNITED PARCEL B	$0	–	-31,564	–	-1.55%	–
PNC	Exit	PNC FINL CORP COM	$0	–	-38,997	–	-1.58%	–
SGMO	Exit	SANGAMO	$0	–	-859,839	–	-1.79%	–
AMT	Exit	AMERICAN TOWER	$0	–	-36,069	–	-1.84%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-72,247	–	-1.87%	–
INTC	Exit	INTEL CORP	$0	–	-113,371	–	-1.92%	–
BLL	Exit	BALL CORP	$0	–	-54,144	–	-1.99%	–
HBI	Exit	HANESBRANDS INC	$0	–	-187,440	–	-2.12%	–
LLY	Exit	LILLY ELI & CO COM	$0	–	-63,540	–	-2.29%	–
LBTYK	Exit	LIBERTY GLOBAL C	$0	–	-158,161	–	-2.35%	–
GOOG	Exit	ALPHABET CL C	$0	–	-6,813	–	-2.38%	–
LBRDA	Exit	LBRTY BRDBND A	$0	–	-76,789	–	-2.42%	–
NXPI	Exit	NXP SEMI	$0	–	-54,786	–	-2.51%	–
BRKB	Exit	BERK HATHAWAY B	$0	–	-47,676	–	-3.09%	–
CMCSA	Exit	COMCAST CORP A	$0	–	-138,198	–	-4.12%	–
SBAC	Exit	SBA COMM A	$0	–	-81,924	–	-4.12%	–
ALNY	Exit	ALNYLAM PHARMA	$0	–	-167,340	–	-5.09%	–
ADBE	Exit	ADOBE SYSTEMS	$0	–	-134,250	–	-6.54%	–

Q3 2016

			Value		Shares		↓ Weighting
ADBE	Sell	ADOBE SYSTEMS	$14,571,000	+12.7%	134,250	-0.5%	6.54%	+6.9%
ALNY	Sell	ALNYLAM PHARMA	$11,342,000	+20.6%	167,340	-1.3%	5.09%	+14.3%
SBAC	Sell	SBA COMM A	$9,189,000	+2.0%	81,924	-1.9%	4.12%	-3.3%
CMCSA	Sell	COMCAST CORP A	$9,168,000	-0.5%	138,198	-2.3%	4.12%	-5.7%
BRKB	Sell	BERK HATHAWAY B	$6,888,000	-2.1%	47,676	-1.9%	3.09%	-7.1%
NXPI	Buy	NXP SEMI	$5,589,000	+30.7%	54,786	+0.3%	2.51%	+23.9%
LBRDA	Sell	LBRTY BRDBND A	$5,388,000	+17.1%	76,789	-0.9%	2.42%	+11.0%
GOOG	Sell	ALPHABET CL C	$5,296,000	+10.2%	6,813	-1.9%	2.38%	+4.5%
LBTYK	Buy	LIBERTY GLOBAL C	$5,226,000	+15.4%	158,161	+0.1%	2.35%	+9.4%
LLY	Sell	LILLY ELI & CO COM	$5,100,000	+0.6%	63,540	-1.3%	2.29%	-4.6%
HBI	Buy	HANESBRANDS INC	$4,733,000	+8.2%	187,440	+7.7%	2.12%	+2.6%
BLL	Sell	BALL CORP	$4,437,000	+5.9%	54,144	-6.6%	1.99%	+0.4%
INTC	Sell	INTEL CORP	$4,280,000	-3.2%	113,371	-15.9%	1.92%	-8.2%
MSFT	Sell	MICROSOFT CORP	$4,161,000	+11.2%	72,247	-1.2%	1.87%	+5.4%
AMT	Sell	AMERICAN TOWER	$4,088,000	-1.1%	36,069	-0.8%	1.84%	-6.2%
SGMO	Sell	SANGAMO	$3,981,000	-20.3%	859,839	-0.3%	1.79%	-24.4%
PNC	Sell	PNC FINL CORP COM	$3,513,000	+9.6%	38,997	-1.0%	1.58%	+3.9%
UPS	Sell	UNITED PARCEL B	$3,452,000	+0.1%	31,564	-1.5%	1.55%	-5.1%
APC	Buy	ANADARKO	$3,346,000	+26.7%	52,810	+6.5%	1.50%	+20.2%
BSV	Buy	VANGUARD SHORT TERM BD	$3,255,000	+671.3%	40,265	+674.3%	1.46%	+630.5%
BND	Buy	VANGUARD TOTAL BD	$3,150,000	+0.4%	37,434	+0.6%	1.41%	-4.8%
JNJ	Sell	JOHNSON & JOHNSON	$3,101,000	-8.3%	26,247	-5.8%	1.39%	-13.1%
MAA	Buy	MID-AMERICA APTS	$3,016,000	+6.1%	32,092	+20.1%	1.35%	+0.6%
BBT	Sell	BB&T CORP	$2,878,000	+5.1%	76,290	-0.8%	1.29%	-0.4%
CHKP	Buy	CHECK POINT SOFTWARE	$2,736,000	-0.5%	35,250	+2.1%	1.23%	-5.8%
TLP	Buy	TRANSMONTAIGNE PARTNERS LP COM	$2,729,000	+3.4%	66,152	+3.1%	1.22%	-1.9%
HD	Sell	HOME DEPOT INC COM	$2,690,000	-2.2%	20,908	-2.9%	1.21%	-7.2%
TGT	Sell	TARGET CORP COM	$2,617,000	-7.8%	38,104	-6.2%	1.18%	-12.5%
XOM	Sell	EXXON MOBIL	$2,568,000	-11.9%	29,424	-5.4%	1.15%	-16.4%
AES	Sell	AES CORP COM	$2,407,000	+2.2%	187,350	-0.7%	1.08%	-3.1%
BIIB	Sell	BIOGEN IDEC INC	$2,358,000	+28.3%	7,532	-0.9%	1.06%	+21.7%
AAPL	Sell	APPLE INC	$2,319,000	-3.1%	20,509	-18.0%	1.04%	-8.1%
APA	Buy	APACHE CORP	$2,275,000	+23.9%	35,614	+8.0%	1.02%	+17.5%
LGF	Buy	LIONS GATE ENTER	$2,228,000	0.0%	111,450	+1.2%	1.00%	-5.2%
T	Sell	AT&T INC COM	$2,071,000	-10.0%	51,007	-4.2%	0.93%	-14.6%
KO	Buy	COCA COLA CO COM	$1,875,000	-5.5%	44,314	+1.2%	0.84%	-10.4%
DIS	Buy	WALT DISNEY CO COM	$1,838,000	+90.5%	19,789	+100.7%	0.82%	+80.5%
ANTM	Sell	ANTHEM	$1,811,000	-4.8%	14,449	-0.2%	0.81%	-9.8%
PFE	Sell	PFIZER INC	$1,780,000	-6.6%	52,567	-2.8%	0.80%	-11.4%
ILMN	Sell	ILLUMINA INC	$1,719,000	-3.4%	9,462	-25.4%	0.77%	-8.4%
NVS	Sell	NOVARTIS AG	$1,717,000	-5.7%	21,741	-1.4%	0.77%	-10.6%
COO	Sell	COOPER COS INC COM NEW	$1,709,000	+2.8%	9,532	-1.7%	0.77%	-2.5%
MSCC	Buy	MICROSEMI CORP COM	$1,639,000	+574.5%	39,050	+425.6%	0.74%	+540.0%
MRK	Sell	MERCK & CO INC	$1,580,000	+7.6%	25,318	-0.7%	0.71%	+1.9%
CVS	Sell	CVS CAREMARK CORP	$1,545,000	-12.5%	17,360	-5.9%	0.69%	-17.0%
PG	Sell	PROCTER & GAMBLE	$1,446,000	-10.5%	16,112	-15.5%	0.65%	-15.2%
OXY	Sell	OCCIDENTAL PETE	$1,398,000	-3.9%	19,165	-0.4%	0.63%	-8.9%
AGN	Buy	ALLERGAN PLC COM	$1,385,000	+12.9%	6,014	+13.2%	0.62%	+7.1%
WFC	New	WELLS FARGO	$1,333,000	–	30,098	–	0.60%	–
	Buy	LINKEDIN CORP SR NT CONVnote	$1,236,000	+0.2%	1,248,000	+99740.0%	0.56%	-5.0%
BABA	Sell	ALIBABA GROUP	$1,219,000	+32.1%	11,520	-0.7%	0.55%	+25.2%
HSIC	Sell	HENRY SCHEIN	$1,214,000	-8.6%	7,446	-0.9%	0.54%	-13.4%
UNH	Sell	UNITEDHEALTH GROUP	$1,130,000	-7.5%	8,069	-6.8%	0.51%	-12.4%
BLK	Sell	BLACKROCK INC COM	$1,126,000	+4.2%	3,107	-1.6%	0.51%	-1.2%
PNRA	Sell	PANERA BREAD	$1,101,000	-9.2%	5,655	-1.1%	0.49%	-13.9%
LNKD	Sell	LINKEDIN CORP CL A	$1,093,000	-2.2%	5,719	-3.2%	0.49%	-7.2%
DISCK	Sell	DISCOVERY COMM C	$1,068,000	+2.3%	40,584	-7.2%	0.48%	-3.0%
TDG	Sell	TRANSDIGM GROUP	$975,000	+5.4%	3,372	-3.8%	0.44%	0.0%
LBTYA	Sell	LIBERTY GLOBAL A	$948,000	+17.3%	27,731	-0.3%	0.43%	+11.2%
	Buy	LIBERTY MEDIA CONVERTnote	$901,000	+3.8%	1,499,995	+99899.7%	0.40%	-1.5%
AMGN	Sell	AMGEN INC	$899,000	+8.4%	5,390	-1.1%	0.40%	+2.8%
SEP	Buy	SPECTRA ENERGY PARTNERS LP COM	$889,000	+33.5%	20,355	+44.3%	0.40%	+26.7%
NKE	New	NIKE INC CL B	$869,000	–	16,509	–	0.39%	–
FB	Buy	FACEBOOK INC CL A	$863,000	+59.2%	6,725	+41.7%	0.39%	+50.6%
BMY	Sell	BRISTOL MYERS	$807,000	-27.0%	14,965	-0.4%	0.36%	-30.8%
PEP	Sell	PEPSICO INC	$788,000	-5.1%	7,248	-7.5%	0.35%	-9.9%
EXPE	Sell	EXPEDIA INC	$757,000	+8.3%	6,489	-1.3%	0.34%	+2.7%
GOOGL	Sell	ALPHABET CL A	$729,000	-11.1%	907	-22.1%	0.33%	-15.7%
BOND	Sell	PIMCO TOT RET	$677,000	-7.5%	6,274	-8.0%	0.30%	-12.4%
USB	Sell	US BANCORP COM (NEW)	$653,000	+5.3%	15,234	-0.9%	0.29%	-0.3%
VTI	Buy	VANGUARD TOTAL STK	$645,000	+53.2%	5,796	+47.5%	0.29%	+45.7%
BK	Sell	BNY MELLON CORP COM	$609,000	+1.8%	15,267	-0.8%	0.27%	-3.5%
LSXMK	Sell	LIBERTY MEDIA C SIRIUSXM	$577,000	-7.8%	17,270	-14.9%	0.26%	-12.5%
COL	Sell	ROCKWELL COLLINS	$573,000	-2.4%	6,799	-1.4%	0.26%	-7.6%
LILAK	New	LIBERTY GL LILA C	$572,000	–	20,379	–	0.26%	–
UTX	Buy	UNITED TECH CORP COM	$561,000	-0.5%	5,519	+0.4%	0.25%	-5.6%
TWX	Sell	TIME WARNER	$540,000	+7.1%	6,788	-0.9%	0.24%	+1.3%
CNI	Sell	CAN NATL Rail	$517,000	-0.6%	7,898	-10.4%	0.23%	-5.7%
DVY	Buy	ISHARES TR SELECT DIVID	$493,000	+38.1%	5,748	+37.2%	0.22%	+30.8%
TRIP	Sell	TRIPADVISOR INC COM	$468,000	-15.2%	7,404	-13.7%	0.21%	-19.5%
ABT	Sell	ABBOTT LABS	$416,000	+4.8%	9,840	-2.6%	0.19%	-0.5%
LBRDK	Sell	LBRTY BRDBND C	$383,000	+18.9%	5,362	-0.1%	0.17%	+13.2%
XLF	Sell	SPDR TR FINANCIAL	$378,000	-18.4%	19,575	-3.5%	0.17%	-22.4%
PAY	Sell	VERIFONE SYSTEMS INC	$367,000	-33.9%	23,301	-22.1%	0.16%	-37.3%
QRTEA	Sell	QVC GROUP COM SER	$360,000	-24.2%	17,987	-3.9%	0.16%	-28.0%
CVX	Sell	CHEVRON CORP COM	$357,000	-32.5%	3,471	-31.2%	0.16%	-36.0%
PYPL	Sell	PAYPAL HLDGS	$339,000	-38.3%	8,285	-44.9%	0.15%	-41.5%
KBE	Sell	SPDR SER TR S&P BK ETF	$327,000	-11.4%	9,800	-19.0%	0.15%	-16.0%
BAC	Buy	BANK AMER CORP COM	$324,000	+18.7%	20,680	+0.5%	0.14%	+12.4%
PRGO	New	PERRIGO CO	$317,000	–	3,430	–	0.14%	–
ABBV	Sell	ABBVIE INC COM	$312,000	-10.1%	4,950	-11.6%	0.14%	-14.6%
CL	Sell	COLGATE PALMOLIVE	$304,000	-30.4%	4,105	-31.3%	0.14%	-34.3%
ITW	Sell	ILLINOIS TOOL WORKS	$278,000	+13.9%	2,320	-0.9%	0.12%	+7.8%
SLB	Sell	SCHLUMBERGER	$257,000	-1.9%	3,270	-1.2%	0.12%	-7.3%
GE	Sell	GE	$250,000	-7.7%	8,452	-1.7%	0.11%	-12.5%
MMM	Buy	3M CO COM	$225,000	+0.9%	1,275	+0.1%	0.10%	-4.7%
SPY	Sell	SPDR S&P 500 ETF TR TR UNIT	$216,000	+3.3%	998	-0.1%	0.10%	-2.0%
UNP	Sell	UNION PACIFIC CORP	$210,000	-4.5%	2,150	-14.9%	0.09%	-9.6%
SPGI	New	S&P GLOBAL	$205,000	–	1,620	–	0.09%	–
BKEP	Sell	BLUEKNIGHT	$155,000	-18.8%	25,475	-30.5%	0.07%	-22.2%
NRG	Sell	NRG ENERGY INC NEW	$119,000	-90.3%	10,660	-86.9%	0.05%	-90.8%
ABIL	Exit	ABILITY INC SHS	$0	–	-16,050	–	-0.03%	–
MON	Exit	MONSANTO CO NEW COM	$0	–	-1,940	–	-0.10%	–
WR	Exit	WESTAR ENERGY INC COM	$0	–	-3,660	–	-0.10%	–
VOD	Exit	VODAFONE	$0	–	-6,619	–	-0.10%	–
ORCL	Exit	ORACLE	$0	–	-5,250	–	-0.10%	–
LVNTB	Exit	LIBERTY VENTURE C	$0	–	-6,067	–	-0.11%	–
GIS	Exit	GENERAL MILLS INC COM	$0	–	-3,498	–	-0.12%	–
TWTR	Exit	TWITTER INC COM	$0	–	-24,910	–	-0.20%	–
COF	Exit	CAPITAL ONE	$0	–	-28,660	–	-0.86%	–

Q2 2016

			Value		Shares		↓ Weighting
ADBE	New	ADOBE SYSTEMS	$12,929,000	–	134,975	–	6.12%	–
ALNY	New	ALNYLAM PHARMA	$9,408,000	–	169,548	–	4.46%	–
CMCSA	New	COMCAST CORP A	$9,218,000	–	141,407	–	4.36%	–
SBAC	New	SBA COMM A	$9,010,000	–	83,475	–	4.27%	–
BRKB	New	BERK HATHAWAY B	$7,033,000	–	48,577	–	3.33%	–
LLY	New	LILLY ELI & CO COM	$5,070,000	–	64,385	–	2.40%	–
SGMO	New	SANGAMO	$4,994,000	–	862,489	–	2.36%	–
GOOG	New	ALPHABET CL C	$4,807,000	–	6,946	–	2.28%	–
LBRDA	New	LBRTY BRDBND A	$4,601,000	–	77,461	–	2.18%	–
LBTYK	New	LIBERTY GLOBAL C	$4,527,000	–	158,005	–	2.14%	–
INTC	New	INTEL CORP	$4,423,000	–	134,862	–	2.09%	–
HBI	New	HANESBRANDS INC	$4,373,000	–	174,005	–	2.07%	–
NXPI	New	NXP SEMI	$4,277,000	–	54,600	–	2.02%	–
BLL	New	BALL CORP	$4,191,000	–	57,975	–	1.98%	–
AMT	New	AMERICAN TOWER	$4,132,000	–	36,367	–	1.96%	–
MSFT	New	MICROSOFT CORP	$3,742,000	–	73,130	–	1.77%	–
UPS	New	UNITED PARCEL B	$3,450,000	–	32,032	–	1.63%	–
JNJ	New	JOHNSON & JOHNSON	$3,382,000	–	27,877	–	1.60%	–
PNC	New	PNC FINL CORP COM	$3,206,000	–	39,387	–	1.52%	–
BND	New	VANGUARD TOTAL BD	$3,136,000	–	37,204	–	1.48%	–
XOM	New	EXXON MOBIL	$2,915,000	–	31,099	–	1.38%	–
MAA	New	MID-AMERICA APTS	$2,842,000	–	26,710	–	1.35%	–
TGT	New	TARGET CORP COM	$2,837,000	–	40,631	–	1.34%	–
CHKP	New	CHECK POINT SOFTWARE	$2,751,000	–	34,520	–	1.30%	–
HD	New	HOME DEPOT INC COM	$2,750,000	–	21,533	–	1.30%	–
BBT	New	BB&T CORP	$2,739,000	–	76,915	–	1.30%	–
APC	New	ANADARKO	$2,640,000	–	49,580	–	1.25%	–
TLP	New	TRANSMONTAIGNE PARTNERS LP COM	$2,638,000	–	64,192	–	1.25%	–
AAPL	New	APPLE INC	$2,392,000	–	25,022	–	1.13%	–
AES	New	AES CORP COM	$2,356,000	–	188,750	–	1.12%	–
T	New	AT&T INC COM	$2,300,000	–	53,221	–	1.09%	–
LGF	New	LIONS GATE ENTER	$2,228,000	–	110,125	–	1.06%	–
RMBS	New	RAMBUS INC	$2,174,000	–	180,000	–	1.03%	–
KO	New	COCA COLA CO COM	$1,985,000	–	43,798	–	0.94%	–
FDX	New	FEDEX CORP	$1,921,000	–	12,655	–	0.91%	–
PFE	New	PFIZER INC	$1,905,000	–	54,095	–	0.90%	–
ANTM	New	ANTHEM	$1,902,000	–	14,485	–	0.90%	–
BIIB	New	BIOGEN IDEC INC	$1,838,000	–	7,602	–	0.87%	–
APA	New	APACHE CORP	$1,836,000	–	32,986	–	0.87%	–
COF	New	CAPITAL ONE	$1,820,000	–	28,660	–	0.86%	–
NVS	New	NOVARTIS AG	$1,820,000	–	22,059	–	0.86%	–
ILMN	New	ILLUMINA INC	$1,780,000	–	12,677	–	0.84%	–
CVS	New	CVS CAREMARK CORP	$1,766,000	–	18,441	–	0.84%	–
TD	New	TORONTO DOMINION	$1,734,000	–	40,400	–	0.82%	–
FLDM	New	FLUIDIGM CORP	$1,704,000	–	188,700	–	0.81%	–
COO	New	COOPER COS INC COM NEW	$1,663,000	–	9,692	–	0.79%	–
PG	New	PROCTER & GAMBLE	$1,615,000	–	19,077	–	0.76%	–
MRK	New	MERCK & CO INC	$1,469,000	–	25,493	–	0.70%	–
OXY	New	OCCIDENTAL PETE	$1,455,000	–	19,250	–	0.69%	–
HSIC	New	HENRY SCHEIN	$1,328,000	–	7,511	–	0.63%	–
	New	LINKEDIN CORP SR NT CONVnote	$1,234,000	–	1,250	–	0.58%	–
AGN	New	ALLERGAN PLC COM	$1,227,000	–	5,311	–	0.58%	–
UNH	New	UNITEDHEALTH GROUP	$1,222,000	–	8,654	–	0.58%	–
NRG	New	NRG ENERGY INC NEW	$1,222,000	–	81,549	–	0.58%	–
PNRA	New	PANERA BREAD	$1,212,000	–	5,717	–	0.57%	–
LNKD	New	LINKEDIN CORP CL A	$1,118,000	–	5,909	–	0.53%	–
BMY	New	BRISTOL MYERS	$1,105,000	–	15,020	–	0.52%	–
BLK	New	BLACKROCK INC COM	$1,081,000	–	3,157	–	0.51%	–
DISCK	New	DISCOVERY COMM C	$1,044,000	–	43,753	–	0.49%	–
DIS	New	DISNEY COM	$965,000	–	9,862	–	0.46%	–
TDG	New	TRANSDIGM GROUP	$925,000	–	3,507	–	0.44%	–
BABA	New	ALIBABA GROUP	$923,000	–	11,600	–	0.44%	–
	New	LIBERTY MEDIA CONVERTnote	$868,000	–	1,500	–	0.41%	–
PEP	New	PEPSICO INC	$830,000	–	7,837	–	0.39%	–
AMGN	New	AMGEN INC	$829,000	–	5,450	–	0.39%	–
GOOGL	New	ALPHABET CL A	$820,000	–	1,165	–	0.39%	–
LBTYA	New	LIBERTY GLOBAL A	$808,000	–	27,809	–	0.38%	–
BOND	New	PIMCO TOT RET	$732,000	–	6,817	–	0.35%	–
EXPE	New	EXPEDIA INC	$699,000	–	6,574	–	0.33%	–
SEP	New	SPECTRA ENERGY PARTNERS LP COM	$666,000	–	14,110	–	0.32%	–
QRTEB	New	QVC GROUP COM SER	$628,000	–	25,241	–	0.30%	–
LSXMK	New	LIBERTY MEDIA C SIRIUSXM	$626,000	–	20,284	–	0.30%	–
IONS	New	IONIS PHARMACEUTICAL	$623,000	–	26,730	–	0.30%	–
USB	New	US BANCORP COM (NEW)	$620,000	–	15,380	–	0.29%	–
BK	New	BNY MELLON CORP COM	$598,000	–	15,392	–	0.28%	–
COL	New	ROCKWELL COLLINS	$587,000	–	6,899	–	0.28%	–
UTX	New	UNITED TECH CORP COM	$564,000	–	5,499	–	0.27%	–
PAY	New	VERIFONE SYSTEMS INC	$555,000	–	29,921	–	0.26%	–
ET	New	ENERGY TRANSFER L.P.	$553,000	–	38,468	–	0.26%	–
TRIP	New	TRIPADVISOR INC COM	$552,000	–	8,581	–	0.26%	–
PYPL	New	PAYPAL HLDGS	$549,000	–	15,035	–	0.26%	–
FB	New	FACEBOOK INC CL A	$542,000	–	4,745	–	0.26%	–
CVX	New	CHEVRON CORP COM	$529,000	–	5,046	–	0.25%	–
CNI	New	CAN NATL Rail	$520,000	–	8,810	–	0.25%	–
TWX	New	TIME WARNER	$504,000	–	6,848	–	0.24%	–
QRTEA	New	QVC GROUP COM SER	$475,000	–	18,714	–	0.22%	–
XLF	New	SPDR TR FINANCIAL	$463,000	–	20,275	–	0.22%	–
CL	New	COLGATE PALMOLIVE	$437,000	–	5,975	–	0.21%	–
BSV	New	VANGUARD SHORT TERM BD	$422,000	–	5,200	–	0.20%	–
TWTR	New	TWITTER INC COM	$421,000	–	24,910	–	0.20%	–
VTI	New	VANGUARD TOTAL STK	$421,000	–	3,930	–	0.20%	–
ABT	New	ABBOTT LABS	$397,000	–	10,100	–	0.19%	–
LBTYB	New	LIBERTY GLOBAL B	$389,000	–	13,481	–	0.18%	–
KBE	New	SPDR SER TR S&P BK ETF	$369,000	–	12,100	–	0.18%	–
ATVI	New	ACTIVISION	$365,000	–	9,200	–	0.17%	–
DVY	New	ISHARES TR SELECT DIVID	$357,000	–	4,188	–	0.17%	–
ABBV	New	ABBVIE INC COM	$347,000	–	5,600	–	0.16%	–
LBRDK	New	LBRTY BRDBND C	$322,000	–	5,366	–	0.15%	–
BAC	New	BANK AMER CORP COM	$273,000	–	20,580	–	0.13%	–
GE	New	GE	$271,000	–	8,602	–	0.13%	–
ED	New	CONSOLIDATED EDISON	$268,000	–	3,335	–	0.13%	–
SLB	New	SCHLUMBERGER	$262,000	–	3,310	–	0.12%	–
ZTS	New	ZOETIS INC CL A	$253,000	–	5,327	–	0.12%	–
GIS	New	GENERAL MILLS INC COM	$249,000	–	3,498	–	0.12%	–
ITW	New	ILLINOIS TOOL WORKS	$244,000	–	2,340	–	0.12%	–
MSCC	New	MICROSEMI CORP COM	$243,000	–	7,430	–	0.12%	–
VO	New	VANGUARD MID-CAP	$240,000	–	1,940	–	0.11%	–
LVNTB	New	LIBERTY VENTURE C	$224,000	–	6,067	–	0.11%	–
MMM	New	3M CO COM	$223,000	–	1,274	–	0.11%	–
UNP	New	UNION PACIFIC CORP	$220,000	–	2,525	–	0.10%	–
ORCL	New	ORACLE	$215,000	–	5,250	–	0.10%	–
SPY	New	SPDR S&P 500 ETF TR TR UNIT	$209,000	–	999	–	0.10%	–
ZBH	New	ZIMMER BIOMET HLDGS INC COM	$209,000	–	1,740	–	0.10%	–
WR	New	WESTAR ENERGY INC COM	$205,000	–	3,660	–	0.10%	–
VOD	New	VODAFONE	$204,000	–	6,619	–	0.10%	–
MUA	New	BLACKROCK MUNIASSETS	$202,000	–	12,944	–	0.10%	–
MON	New	MONSANTO CO NEW COM	$201,000	–	1,940	–	0.10%	–
NAN	New	NUVEEN NY Div Ad	$192,000	–	12,260	–	0.09%	–
BKEP	New	BLUEKNIGHT	$191,000	–	36,675	–	0.09%	–
ABIL	New	ABILITY INC SHS	$63,000	–	16,050	–	0.03%	–
MDM	New	MOUNTAIN PROV DIA	$50,000	–	10,878	–	0.02%	–

Q4 2015

			Value		Shares		↓ Weighting
MDM	Exit	MOUNTAIN PROV DIAMONDS INC NEW	$0	–	-10,878	–	-0.01%	–
NAN	Exit	NUVEEN NY DIV AD MUN	$0	–	-12,260	–	-0.08%	–
MUA	Exit	BLACKROCK MUNIASSETS	$0	–	-12,944	–	-0.08%	–
SPY	Exit	SPDR S&P 500	$0	–	-1,047	–	-0.09%	–
BA	Exit	BOEING CO COM	$0	–	-1,576	–	-0.10%	–
GE	Exit	GE	$0	–	-8,712	–	-0.10%	–
SLB	Exit	SCHLUMBERGER	$0	–	-3,210	–	-0.10%	–
EBAY	Exit	EBAY INC	$0	–	-9,151	–	-0.10%	–
VO	Exit	VANGUARD MID-CAP ETF	$0	–	-1,940	–	-0.11%	–
VOD	Exit	VODAFONE GROUP ADR	$0	–	-7,273	–	-0.11%	–
ORCL	Exit	ORACLE	$0	–	-6,500	–	-0.11%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-2,700	–	-0.11%	–
LVNTB	Exit	LIBERTY VENTURES C	$0	–	-6,067	–	-0.12%	–
ZTS	Exit	ZOETIS INC CL A	$0	–	-6,091	–	-0.12%	–
LBRDK	Exit	LBRTY BRDBND C	$0	–	-5,374	–	-0.13%	–
ATVI	Exit	ACTIVISION	$0	–	-9,200	–	-0.13%	–
VTI	Exit	VANGUARD TTL STK MRK	$0	–	-2,922	–	-0.14%	–
PNRA	Exit	PANERA BREAD	$0	–	-1,500	–	-0.14%	–
KO	Exit	COCA COLA CO COM	$0	–	-7,301	–	-0.14%	–
CMCSK	Exit	COMCAST NEW CL A	$0	–	-5,588	–	-0.15%	–
JUNO	Exit	JUNO THERAPEUTICS	$0	–	-8,230	–	-0.16%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-6,100	–	-0.18%	–
PEP	Exit	PEPSICO INC	$0	–	-4,449	–	-0.20%	–
PAY	Exit	VERIFONE SYSTEMS INC	$0	–	-16,241	–	-0.21%	–
TWX	Exit	TIME WARNER	$0	–	-6,873	–	-0.22%	–
ABT	Exit	ABBOTT LABS	$0	–	-11,800	–	-0.22%	–
CVX	Exit	CHEVRON CORP COM	$0	–	-6,076	–	-0.22%	–
XLF	Exit	SPDR TR FINANCIAL	$0	–	-21,825	–	-0.23%	–
KBE	Exit	SPDR SER TR S&P BK ETF	$0	–	-15,100	–	-0.24%	–
QRTEA	Exit	LIBERTY INTRCTV A	$0	–	-20,814	–	-0.26%	–
DGI	Exit	DIGITALGLOBE INC COM	$0	–	-29,090	–	-0.26%	–
TRIP	Exit	TRIPADVISOR INC COM	$0	–	-8,831	–	-0.26%	–
COL	Exit	ROCKWELL COLLINS	$0	–	-6,949	–	-0.27%	–
LBTYB	Exit	LIBERTY GLOBAL B	$0	–	-13,487	–	-0.27%	–
PYPL	Exit	PAYPAL HLDGS	$0	–	-20,163	–	-0.29%	–
PMCS	Exit	PMC-SIERRA INC	$0	–	-96,400	–	-0.31%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-12,100	–	-0.31%	–
QRTEB	Exit	LIBERTY INTRCTV B	$0	–	-25,241	–	-0.31%	–
LMCK	Exit	LIBERTY MEDIA C	$0	–	-20,390	–	-0.33%	–
BOND	Exit	PIMCO TOT RET	$0	–	-6,687	–	-0.33%	–
BABA	Exit	ALIBABA GROUP	$0	–	-12,555	–	-0.35%	–
AMGN	Exit	AMGEN INC	$0	–	-5,557	–	-0.36%	–
EXPE	Exit	EXPEDIA INC	$0	–	-6,678	–	-0.37%	–
ET	Exit	ENERGY TRANSFER L.P.	$0	–	-39,468	–	-0.39%	–
CNI	Exit	CAN NATL Rail	$0	–	-15,147	–	-0.40%	–
BMY	Exit	BRISTOL MYERS	$0	–	-15,370	–	-0.43%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-20,663	–	-0.43%	–
ETR	Exit	ENTERGY CORP CM	$0	–	-15,127	–	-0.46%	–
CEQP	Exit	CRESTWOOD EQ PTNR	$0	–	-433,338	–	-0.46%	–
OXY	Exit	OCCIDENTAL PETE	$0	–	-15,150	–	-0.47%	–
TDG	Exit	TRANSDIGM GROUP	$0	–	-4,832	–	-0.48%	–
UNH	Exit	UNITEDHEALTH GROUP	$0	–	-9,161	–	-0.50%	–
DISCK	Exit	DISCOVERY COMM C	$0	–	-44,118	–	-0.50%	–
ISIS	Exit	ISIS PHARMA	$0	–	-27,180	–	-0.52%	–
DIS	Exit	DISNEY COM	$0	–	-11,215	–	-0.54%	–
LBTYA	Exit	LIBERTY GLOBAL A	$0	–	-28,343	–	-0.57%	–
AFFX	Exit	AFFYMETRIX INC	$0	–	-145,000	–	-0.58%	–
BLK	Exit	BLACKROCK INC COM	$0	–	-4,175	–	-0.58%	–
UPS	Exit	UNITED PARCEL B	$0	–	-14,222	–	-0.66%	–
MRK	Exit	MERCK & CO INC	$0	–	-28,678	–	-0.66%	–
NVS	Exit	NOVARTIS AG	$0	–	-15,599	–	-0.67%	–
PFE	Exit	PFIZER INC	$0	–	-46,250	–	-0.68%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-20,908	–	-0.71%	–
NKTR	Exit	NEKTAR THERAPEUTICS	$0	–	-137,638	–	-0.71%	–
FLDM	Exit	FLUIDIGM CORP	$0	–	-188,700	–	-0.72%	–
DWA	Exit	DREAMWORKS	$0	–	-87,840	–	-0.72%	–
AMT	Exit	AMERICAN TOWER	$0	–	-17,529	–	-0.72%	–
TD	Exit	TORONTO DOMINION	$0	–	-40,400	–	-0.75%	–
APA	Exit	APACHE CORP	$0	–	-41,275	–	-0.76%	–
IART	Exit	INTEGRA LIFESCIENCE	$0	–	-28,268	–	-0.79%	–
MAA	Exit	MID-AMERICA APTS	$0	–	-21,935	–	-0.84%	–
FDX	Exit	FEDEX CORP	$0	–	-12,655	–	-0.86%	–
CVS	Exit	CVS CAREMARK CORP	$0	–	-20,053	–	-0.91%	–
HSIC	Exit	HENRY SCHEIN	$0	–	-15,000	–	-0.94%	–
CYH	Exit	COMMUNITY HEALTH	$0	–	-46,860	–	-0.94%	–
AAPL	Exit	APPLE INC	$0	–	-19,199	–	-1.00%	–
RMBS	Exit	RAMBUS INC	$0	–	-180,000	–	-1.00%	–
COO	Exit	COOPER COS INC COM NEW	$0	–	-14,463	–	-1.01%	–
XOM	Exit	EXXON MOBIL	$0	–	-29,076	–	-1.02%	–
BBT	Exit	BB&T CORP	$0	–	-62,970	–	-1.05%	–
ILMN	Exit	ILLUMINA INC	$0	–	-13,344	–	-1.10%	–
T	Exit	AT&T INC COM	$0	–	-76,019	–	-1.16%	–
HD	Exit	HOME DEPOT INC COM	$0	–	-24,109	–	-1.31%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-30,485	–	-1.34%	–
AES	Exit	AES CORP COM	$0	–	-297,175	–	-1.37%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-10,118	–	-1.39%	–
CHKP	Exit	CHECK POINT SOFTWARE	$0	–	-39,324	–	-1.46%	–
LBRDA	Exit	LBRTY BRDBND A	$0	–	-63,827	–	-1.54%	–
LGF	Exit	LIONS GATE ENTER	$0	–	-95,330	–	-1.65%	–
COF	Exit	CAPITAL ONE	$0	–	-50,150	–	-1.71%	–
PNC	Exit	PNC FINL CORP COM	$0	–	-41,497	–	-1.74%	–
APC	Exit	ANADARKO	$0	–	-62,106	–	-1.76%	–
BLL	Exit	BALL CORP	$0	–	-61,785	–	-1.80%	–
TGT	Exit	TARGET CORP COM	$0	–	-52,846	–	-1.95%	–
SGMO	Exit	SANGAMO	$0	–	-881,029	–	-2.33%	–
HBI	Exit	HANESBRANDS INC	$0	–	-173,356	–	-2.36%	–
NXPI	Exit	NXP SEMI	$0	–	-60,810	–	-2.49%	–
INTC	Exit	INTEL CORP	$0	–	-179,157	–	-2.54%	–
LLY	Exit	LILLY ELI & CO COM	$0	–	-65,495	–	-2.57%	–
NRG	Exit	NRG ENERGY INC NEW	$0	–	-373,073	–	-2.60%	–
LBTYK	Exit	LIBERTY GLOBAL C	$0	–	-138,801	–	-2.67%	–
BRKB	Exit	BERK HATHAWAY B	$0	–	-45,025	–	-2.76%	–
SBAC	Exit	SBA COMM A	$0	–	-58,992	–	-2.90%	–
CVA	Exit	COVANTA	$0	–	-386,118	–	-3.16%	–
CCG	Exit	CAMPUS CREST	$0	–	-1,400,280	–	-3.50%	–
CMCSA	Exit	COMCAST CORP A	$0	–	-136,464	–	-3.65%	–
ADBE	Exit	ADOBE SYSTEMS	$0	–	-137,327	–	-5.30%	–
ALNY	Exit	ALNYLAM PHARMA	$0	–	-162,117	–	-6.12%	–

Q3 2015

			Value		Shares		↓ Weighting
ALNY	Buy	ALNYLAM PHARMA	$13,028,000	-30.2%	162,117	+4.1%	6.12%	-17.4%
CMCSA	Buy	COMCAST CORP A	$7,762,000	+33.4%	136,464	+41.0%	3.65%	+57.8%
CCG	Buy	CAMPUS CREST	$7,449,000	+53.1%	1,400,280	+59.5%	3.50%	+81.2%
CVA	Sell	COVANTA	$6,738,000	-18.1%	386,118	-0.6%	3.16%	-3.2%
SBAC	Buy	SBA COMM A	$6,179,000	-4.6%	58,992	+4.7%	2.90%	+12.8%
BRKB	Buy	BERK HATHAWAY B	$5,871,000	+13.3%	45,025	+18.3%	2.76%	+34.1%
LBTYK	Buy	LIBERTY GLOBAL C	$5,694,000	-13.6%	138,801	+6.6%	2.67%	+2.2%
NRG	Buy	NRG ENERGY INC NEW	$5,540,000	-22.2%	373,073	+19.9%	2.60%	-7.9%
LLY	Sell	LILLY ELI & CO COM	$5,481,000	-1.9%	65,495	-2.2%	2.57%	+16.0%
INTC	Sell	INTEL CORP	$5,400,000	-2.0%	179,157	-1.2%	2.54%	+15.9%
NXPI	Buy	NXP SEMI	$5,295,000	+117.9%	60,810	+145.7%	2.49%	+157.7%
HBI	Buy	HANESBRANDS INC	$5,017,000	-5.2%	173,356	+9.2%	2.36%	+12.2%
SGMO	Buy	SANGAMO	$4,969,000	-43.1%	881,029	+11.9%	2.33%	-32.7%
TGT	Sell	TARGET CORP COM	$4,157,000	-4.0%	52,846	-0.3%	1.95%	+13.6%
BLL	Buy	BALL CORP	$3,843,000	-11.2%	61,785	+0.1%	1.80%	+5.0%
APC	Buy	ANADARKO	$3,751,000	-19.3%	62,106	+4.3%	1.76%	-4.5%
PNC	Buy	PNC FINL CORP COM	$3,702,000	-4.5%	41,497	+2.4%	1.74%	+13.0%
COF	Buy	CAPITAL ONE	$3,637,000	-17.0%	50,150	+0.6%	1.71%	-1.8%
LGF	Sell	LIONS GATE ENTER	$3,508,000	-1.8%	95,330	-1.1%	1.65%	+16.2%
LBRDA	New	LBRTY BRDBND A	$3,283,000	–	63,827	–	1.54%	–
CHKP	New	CHECK POINT SOFTWARE	$3,120,000	–	39,324	–	1.46%	–
BIIB	Buy	BIOGEN IDEC INC	$2,953,000	+13.4%	10,118	+57.0%	1.39%	+34.3%
AES	Buy	AES CORP COM	$2,909,000	-22.8%	297,175	+4.6%	1.37%	-8.6%
JNJ	Sell	JOHNSON & JOHNSON	$2,846,000	-6.3%	30,485	-2.2%	1.34%	+10.9%
HD	Sell	HOME DEPOT INC COM	$2,784,000	+1.3%	24,109	-2.5%	1.31%	+19.9%
T	New	AT&T INC COM	$2,477,000	–	76,019	–	1.16%	–
BBT	Sell	BB&T CORP	$2,242,000	-11.9%	62,970	-0.3%	1.05%	+4.2%
XOM	Buy	EXXON MOBIL	$2,162,000	-8.9%	29,076	+1.9%	1.02%	+7.7%
COO	Sell	COOPER COS INC COM NEW	$2,153,000	-19.4%	14,463	-3.7%	1.01%	-4.7%
AAPL	Sell	APPLE INC	$2,118,000	-12.8%	19,199	-0.8%	1.00%	+3.2%
CYH	Sell	COMMUNITY HEALTH	$2,004,000	-33.5%	46,860	-2.1%	0.94%	-21.3%
HSIC	Sell	HENRY SCHEIN	$1,991,000	-11.9%	15,000	-5.6%	0.94%	+4.2%
CVS	Sell	CVS CAREMARK CORP	$1,935,000	-11.8%	20,053	-4.2%	0.91%	+4.4%
MAA	Buy	MID-AMERICA APTS	$1,796,000	+43.0%	21,935	+27.1%	0.84%	+69.1%
IART	Sell	INTEGRA LIFESCIENCE	$1,683,000	-13.1%	28,268	-1.6%	0.79%	+2.7%
APA	Sell	APACHE CORP	$1,616,000	-33.1%	41,275	-1.6%	0.76%	-20.9%
AMT	Sell	AMERICAN TOWER	$1,542,000	-57.9%	17,529	-55.4%	0.72%	-50.3%
DWA	Sell	DREAMWORKS	$1,533,000	-34.9%	87,840	-1.6%	0.72%	-23.0%
NKTR	Sell	NEKTAR THERAPEUTICS	$1,509,000	-13.0%	137,638	-0.7%	0.71%	+3.1%
PG	Buy	PROCTER & GAMBLE	$1,504,000	-7.2%	20,908	+1.0%	0.71%	+9.8%
PFE	Sell	PFIZER INC	$1,453,000	-7.3%	46,250	-1.1%	0.68%	+9.6%
NVS	Buy	NOVARTIS AG	$1,434,000	-6.1%	15,599	+0.5%	0.67%	+11.2%
MRK	Sell	MERCK & CO INC	$1,416,000	-14.4%	28,678	-1.3%	0.66%	+1.2%
UPS	Buy	UNITED PARCEL B	$1,404,000	+15.7%	14,222	+13.6%	0.66%	+36.7%
BLK	Sell	BLACKROCK INC COM	$1,242,000	-16.5%	4,175	-2.9%	0.58%	-1.4%
LBTYA	Sell	LIBERTY GLOBAL A	$1,217,000	-21.1%	28,343	-0.7%	0.57%	-6.7%
DIS	Sell	DISNEY COM	$1,146,000	-11.0%	11,215	-0.6%	0.54%	+5.3%
DISCK	Sell	DISCOVERY COMM C	$1,072,000	-26.2%	44,118	-5.6%	0.50%	-12.8%
OXY	New	OCCIDENTAL PETE	$1,002,000	–	15,150	–	0.47%	–
CEQP	Sell	CRESTWOOD EQ PTNR	$988,000	-45.3%	433,338	-0.8%	0.46%	-35.3%
MSFT	Buy	MICROSOFT CORP	$915,000	+0.3%	20,663	+0.0%	0.43%	+18.8%
BMY	Buy	BRISTOL MYERS	$910,000	-3.8%	15,370	+8.1%	0.43%	+13.6%
CNI	Sell	CAN NATL Rail	$860,000	-2.4%	15,147	-0.7%	0.40%	+15.4%
ET	Buy	ENERGY TRANSFER L.P.	$821,000	-35.2%	39,468	+100.0%	0.39%	-23.3%
BABA	Buy	ALIBABA GROUP	$740,000	-28.3%	12,555	+0.1%	0.35%	-15.1%
BOND	Sell	PIMCO TOT RET	$705,000	-38.2%	6,687	-37.3%	0.33%	-26.9%
LMCK	Sell	LIBERTY MEDIA C	$703,000	-4.1%	20,390	-0.1%	0.33%	+13.4%
QRTEB	Sell	LIBERTY INTRCTV B	$661,000	-4.2%	25,241	-0.2%	0.31%	+13.1%
PYPL	New	PAYPAL HLDGS	$626,000	–	20,163	–	0.29%	–
DGI	Sell	DIGITALGLOBE INC COM	$553,000	-50.4%	29,090	-27.5%	0.26%	-41.2%
QRTEA	Sell	LIBERTY INTRCTV A	$546,000	-13.6%	20,814	-8.5%	0.26%	+2.0%
KBE	Sell	SPDR SER TR S&P BK ETF	$502,000	-43.0%	15,100	-37.8%	0.24%	-32.4%
XLF	Sell	SPDR TR FINANCIAL	$495,000	-46.0%	21,825	-41.9%	0.23%	-36.3%
CVX	Sell	CHEVRON CORP COM	$479,000	-20.0%	6,076	-2.1%	0.22%	-5.5%
PAY	Buy	VERIFONE SYSTEMS INC	$450,000	+5.1%	16,241	+28.7%	0.21%	+24.1%
JUNO	Sell	JUNO THERAPEUTICS	$335,000	-24.7%	8,230	-1.3%	0.16%	-11.3%
KO	Sell	COCA COLA CO COM	$293,000	-3.0%	7,301	-5.2%	0.14%	+15.0%
PNRA	New	PANERA BREAD	$290,000	–	1,500	–	0.14%	–
VTI	Buy	VANGUARD TTL STK MRK	$288,000	+7.1%	2,922	+16.1%	0.14%	+26.2%
ZTS	Sell	ZOETIS INC CL A	$251,000	-14.9%	6,091	-0.4%	0.12%	+0.9%
LVNTB	Sell	LIBERTY VENTURES C	$244,000	+2.5%	6,067	-0.1%	0.12%	+22.3%
EBAY	Sell	EBAY INC	$224,000	-81.6%	9,151	-54.6%	0.10%	-78.2%
SLB	Sell	SCHLUMBERGER	$221,000	-24.3%	3,210	-5.2%	0.10%	-10.3%
GE	Sell	GE	$220,000	-33.9%	8,712	-30.5%	0.10%	-22.0%
BA	Buy	BOEING CO COM	$206,000	-5.1%	1,576	+0.6%	0.10%	+12.8%
BAB	Exit	POWERSHARES ETF BAB	$0	–	-7,000	–	-0.08%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-2,422	–	-0.09%	–
IAC	Exit	IAC INTERACTIVECORP COM PAR	$0	–	-2,851	–	-0.09%	–
MON	Exit	MONSANTO CO	$0	–	-2,377	–	-0.10%	–
VZ	Exit	VERIZON COMM	$0	–	-5,554	–	-0.10%	–
DISCA	Exit	DISCOVERY COMM A	$0	–	-9,484	–	-0.12%	–
KITE	Exit	KITE PHARMA	$0	–	-8,500	–	-0.21%	–
BCR	Exit	BARD C R INC	$0	–	-3,258	–	-0.22%	–
EMC	Exit	EMC CORP-MASS	$0	–	-23,345	–	-0.24%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-23,831	–	-0.26%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-1,212	–	-0.26%	–
VNQ	Exit	VANGUARD REIT ETF	$0	–	-12,399	–	-0.37%	–
JWN	Exit	NORDSTROM INC	$0	–	-16,705	–	-0.49%	–
QEP	Exit	QEP RESOURCES INC	$0	–	-71,507	–	-0.53%	–
GOOG	Exit	GOOGLE INC CL C	$0	–	-3,209	–	-0.66%	–
EXL	Exit	EXCEL TR INC COM	$0	–	-193,109	–	-1.21%	–
A309PS	Exit	DIRECTV CLASS A	$0	–	-39,837	–	-1.47%	–
PEG	Exit	PUBLIC SERVICE	$0	–	-116,309	–	-1.81%	–

Q2 2015

			Value		Shares		↓ Weighting
ALNY	New	ALNYLAM PHARMA	$18,662,000	–	155,682	–	7.41%	–
ADBE	New	ADOBE SYSTEMS	$11,125,000	–	137,327	–	4.42%	–
SGMO	New	SANGAMO	$8,734,000	–	787,529	–	3.47%	–
CVA	New	COVANTA	$8,232,000	–	388,473	–	3.27%	–
NRG	New	NRG ENERGY INC NEW	$7,118,000	–	311,113	–	2.83%	–
LBTYK	New	LIBERTY GLOBAL C	$6,593,000	–	130,211	–	2.62%	–
SBAC	New	SBA COMM A	$6,479,000	–	56,355	–	2.57%	–
CMCSA	New	COMCAST CORP A	$5,819,000	–	96,756	–	2.31%	–
LLY	New	LILLY ELI & CO COM	$5,589,000	–	66,945	–	2.22%	–
INTC	New	INTEL CORP	$5,513,000	–	181,252	–	2.19%	–
HBI	New	HANESBRANDS INC	$5,291,000	–	158,788	–	2.10%	–
BRKB	New	BERK HATHAWAY B	$5,180,000	–	38,060	–	2.06%	–
CCG	New	CAMPUS CREST	$4,865,000	–	878,110	–	1.93%	–
APC	New	ANADARKO	$4,648,000	–	59,541	–	1.84%	–
PEG	New	PUBLIC SERVICE	$4,569,000	–	116,309	–	1.81%	–
FLDM	New	FLUIDIGM CORP	$4,567,000	–	188,700	–	1.81%	–
COF	New	CAPITAL ONE	$4,384,000	–	49,830	–	1.74%	–
BLL	New	BALL CORP	$4,329,000	–	61,705	–	1.72%	–
TGT	New	TARGET CORP COM	$4,328,000	–	53,021	–	1.72%	–
PNC	New	PNC FINL CORP COM	$3,877,000	–	40,537	–	1.54%	–
AES	New	AES CORP COM	$3,767,000	–	284,050	–	1.50%	–
A309PS	New	DIRECTV CLASS A	$3,696,000	–	39,837	–	1.47%	–
AMT	New	AMERICAN TOWER	$3,667,000	–	39,303	–	1.46%	–
LGF	New	LIONS GATE ENTER	$3,571,000	–	96,390	–	1.42%	–
EXL	New	EXCEL TR INC COM	$3,045,000	–	193,109	–	1.21%	–
JNJ	New	JOHNSON & JOHNSON	$3,037,000	–	31,158	–	1.21%	–
CYH	New	COMMUNITY HEALTH	$3,013,000	–	47,850	–	1.20%	–
ILMN	New	ILLUMINA INC	$2,914,000	–	13,344	–	1.16%	–
HD	New	HOME DEPOT INC COM	$2,749,000	–	24,734	–	1.09%	–
COO	New	COOPER COS INC COM NEW	$2,672,000	–	15,013	–	1.06%	–
RMBS	New	RAMBUS INC	$2,608,000	–	180,000	–	1.04%	–
BIIB	New	BIOGEN IDEC INC	$2,603,000	–	6,443	–	1.03%	–
BBT	New	BB&T CORP	$2,546,000	–	63,155	–	1.01%	–
NXPI	New	NXP SEMI	$2,430,000	–	24,750	–	0.96%	–
AAPL	New	APPLE INC	$2,428,000	–	19,359	–	0.96%	–
APA	New	APACHE CORP	$2,417,000	–	41,940	–	0.96%	–
XOM	New	EXXON MOBIL	$2,373,000	–	28,526	–	0.94%	–
DWA	New	DREAMWORKS	$2,355,000	–	89,290	–	0.94%	–
HSIC	New	HENRY SCHEIN	$2,259,000	–	15,895	–	0.90%	–
CVS	New	CVS CAREMARK CORP	$2,194,000	–	20,923	–	0.87%	–
FDX	New	FEDEX CORP	$2,156,000	–	12,655	–	0.86%	–
IART	New	INTEGRA LIFESCIENCE	$1,936,000	–	28,733	–	0.77%	–
CEQP	New	CRESTWOOD EQ PTNR	$1,805,000	–	436,988	–	0.72%	–
NKTR	New	NEKTAR THERAPEUTICS	$1,734,000	–	138,638	–	0.69%	–
TD	New	TORONTO DOMINION	$1,717,000	–	40,400	–	0.68%	–
GOOG	New	GOOGLE INC CL C	$1,670,000	–	3,209	–	0.66%	–
MRK	New	MERCK & CO INC	$1,654,000	–	29,053	–	0.66%	–
PG	New	PROCTER & GAMBLE	$1,620,000	–	20,710	–	0.64%	–
AFFX	New	AFFYMETRIX INC	$1,583,000	–	145,000	–	0.63%	–
PFE	New	PFIZER INC	$1,568,000	–	46,750	–	0.62%	–
ISIS	New	ISIS PHARMA	$1,564,000	–	27,180	–	0.62%	–
LBTYA	New	LIBERTY GLOBAL A	$1,543,000	–	28,534	–	0.61%	–
NVS	New	NOVARTIS AG	$1,527,000	–	15,524	–	0.61%	–
BLK	New	BLACKROCK INC COM	$1,488,000	–	4,300	–	0.59%	–
DISCK	New	DISCOVERY COMM C	$1,453,000	–	46,735	–	0.58%	–
QEP	New	QEP RESOURCES INC	$1,324,000	–	71,507	–	0.53%	–
DIS	New	DISNEY COM	$1,288,000	–	11,285	–	0.51%	–
ET	New	ENERGY TRANSFER L.P.	$1,266,000	–	19,734	–	0.50%	–
MAA	New	MID-AMERICA APTS	$1,256,000	–	17,255	–	0.50%	–
JWN	New	NORDSTROM INC	$1,245,000	–	16,705	–	0.49%	–
EBAY	New	EBAY INC	$1,215,000	–	20,163	–	0.48%	–
UPS	New	UNITED PARCEL B	$1,213,000	–	12,517	–	0.48%	–
BOND	New	PIMCO TOT RET	$1,141,000	–	10,667	–	0.45%	–
UNH	New	UNITEDHEALTH GROUP	$1,118,000	–	9,161	–	0.44%	–
DGI	New	DIGITALGLOBE INC COM	$1,114,000	–	40,100	–	0.44%	–
TDG	New	TRANSDIGM GROUP	$1,086,000	–	4,832	–	0.43%	–
ETR	New	ENTERGY CORP CM	$1,066,000	–	15,127	–	0.42%	–
BABA	New	ALIBABA GROUP	$1,032,000	–	12,545	–	0.41%	–
BMY	New	BRISTOL MYERS	$946,000	–	14,220	–	0.38%	–
VNQ	New	VANGUARD REIT ETF	$926,000	–	12,399	–	0.37%	–
XLF	New	SPDR TR FINANCIAL	$916,000	–	37,575	–	0.36%	–
MSFT	New	MICROSOFT CORP	$912,000	–	20,662	–	0.36%	–
CNI	New	CAN NATL Rail	$881,000	–	15,247	–	0.35%	–
KBE	New	SPDR SER TR S&P BK ETF	$880,000	–	24,275	–	0.35%	–
AMGN	New	AMGEN INC	$853,000	–	5,557	–	0.34%	–
PMCS	New	PMC-SIERRA INC	$825,000	–	96,400	–	0.33%	–
ABBV	New	ABBVIE INC COM	$813,000	–	12,100	–	0.32%	–
TRIP	New	TRIPADVISOR INC COM	$770,000	–	8,831	–	0.31%	–
LBTYB	New	LIBERTY GLOBAL B	$766,000	–	13,487	–	0.30%	–
LMCK	New	LIBERTY MEDIA C	$733,000	–	20,406	–	0.29%	–
EXPE	New	EXPEDIA INC	$730,000	–	6,678	–	0.29%	–
QRTEB	New	LIBERTY INTRCTV B	$690,000	–	25,303	–	0.27%	–
GOOGL	New	GOOGLE INC CL A	$655,000	–	1,212	–	0.26%	–
CSCO	New	CISCO SYSTEMS INC	$654,000	–	23,831	–	0.26%	–
COL	New	ROCKWELL COLLINS	$642,000	–	6,949	–	0.26%	–
QRTEA	New	LIBERTY INTRCTV A	$632,000	–	22,759	–	0.25%	–
EMC	New	EMC CORP-MASS	$616,000	–	23,345	–	0.24%	–
TWX	New	TIME WARNER	$601,000	–	6,873	–	0.24%	–
CVX	New	CHEVRON CORP COM	$599,000	–	6,206	–	0.24%	–
ABT	New	ABBOTT LABS	$579,000	–	11,800	–	0.23%	–
BCR	New	BARD C R INC	$556,000	–	3,258	–	0.22%	–
KITE	New	KITE PHARMA	$518,000	–	8,500	–	0.21%	–
JUNO	New	JUNO THERAPEUTICS	$445,000	–	8,340	–	0.18%	–
PAY	New	VERIFONE SYSTEMS INC	$428,000	–	12,616	–	0.17%	–
PEP	New	PEPSICO INC	$415,000	–	4,449	–	0.16%	–
CL	New	COLGATE PALMOLIVE	$399,000	–	6,100	–	0.16%	–
CMCSK	New	COMCAST NEW CL A	$335,000	–	5,588	–	0.13%	–
GE	New	GE	$333,000	–	12,537	–	0.13%	–
DISCA	New	DISCOVERY COMM A	$315,000	–	9,484	–	0.12%	–
KO	New	COCA COLA CO COM	$302,000	–	7,700	–	0.12%	–
ZTS	New	ZOETIS INC CL A	$295,000	–	6,115	–	0.12%	–
SLB	New	SCHLUMBERGER	$292,000	–	3,385	–	0.12%	–
LBRDK	New	LBRTY BRDBND C	$275,000	–	5,374	–	0.11%	–
VTI	New	VANGUARD TTL MARKET	$269,000	–	2,517	–	0.11%	–
VOD	New	VODAFONE GROUP ADR	$265,000	–	7,273	–	0.10%	–
ORCL	New	ORACLE	$262,000	–	6,500	–	0.10%	–
VZ	New	VERIZON COMM	$259,000	–	5,554	–	0.10%	–
UNP	New	UNION PACIFIC CORP	$257,000	–	2,700	–	0.10%	–
MON	New	MONSANTO CO	$253,000	–	2,377	–	0.10%	–
VO	New	VANGUARD MID-CAP ETF	$247,000	–	1,940	–	0.10%	–
LVNTB	New	LIBERTY VENTURES C	$238,000	–	6,075	–	0.09%	–
IAC	New	IAC INTERACTIVECORP COM PAR	$227,000	–	2,851	–	0.09%	–
ATVI	New	ACTIVISION	$223,000	–	9,200	–	0.09%	–
ITW	New	ILLINOIS TOOL WORKS	$222,000	–	2,422	–	0.09%	–
BA	New	BOEING CO COM	$217,000	–	1,566	–	0.09%	–
SPY	New	SPDR TR S&P 500 ETF TR	$216,000	–	1,047	–	0.09%	–
BAB	New	POWERSHARES ETF BAB	$201,000	–	7,000	–	0.08%	–
MUA	New	BLACKROCK MUNIASSETS	$175,000	–	12,944	–	0.07%	–
NAN	New	NUVEEN NY DIV AD MUN	$166,000	–	12,260	–	0.07%	–
MDM	New	MOUNTAIN PROV DIAMONDS INC NEW	$45,000	–	10,878	–	0.02%	–

Q4 2014

			Value		Shares		↓ Weighting
NAN	Exit	NUVEEN NY DIV AD MUN	$0	–	-12,260	–	-0.06%	–
MUA	Exit	BLACKROCK MUNIASSETS	$0	–	-12,944	–	-0.07%	–
NSC	Exit	NORFOLK SOUTHERN	$0	–	-1,850	–	-0.08%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-2,457	–	-0.08%	–
DISCB	Exit	DISCOVERY COMM B	$0	–	-5,763	–	-0.09%	–
BAB	Exit	POWERSHARES ETF BAB	$0	–	-7,500	–	-0.09%	–
ZTS	Exit	ZOETIS INC CL A	$0	–	-6,115	–	-0.09%	–
VO	Exit	VANGUARD MID-CAP ETF	$0	–	-1,940	–	-0.09%	–
LMCB	Exit	LIBERTY MEDIA CL B	$0	–	-4,860	–	-0.09%	–
ORCL	Exit	ORACLE	$0	–	-6,500	–	-0.10%	–
LMCA	Exit	LIBERTY MEDIA CL A	$0	–	-5,342	–	-0.10%	–
GLW	Exit	CORNING INC	$0	–	-13,440	–	-0.10%	–
AGG	Exit	ISHARES TOT US BOND	$0	–	-2,400	–	-0.10%	–
MON	Exit	MONSANTO CO	$0	–	-2,377	–	-0.11%	–
CMCSK	Exit	COMCAST NEW CL A	$0	–	-5,588	–	-0.12%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-2,828	–	-0.12%	–
IBM	Exit	IBM	$0	–	-1,730	–	-0.13%	–
RDSB	Exit	ROYAL DUTCH SHELL B	$0	–	-4,261	–	-0.14%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-10,000	–	-0.14%	–
KO	Exit	COCA COLA CO COM	$0	–	-8,328	–	-0.14%	–
PEP	Exit	PEPSICO INC	$0	–	-3,939	–	-0.15%	–
DISCA	Exit	DISCOVERY COMM A	$0	–	-9,735	–	-0.15%	–
SLGN	Exit	SILGAN HOLDINGS	$0	–	-8,070	–	-0.15%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-6,100	–	-0.16%	–
VOD	Exit	VODAFONE GROUP ADR	$0	–	-13,655	–	-0.18%	–
BCR	Exit	BARD C R INC	$0	–	-3,258	–	-0.19%	–
ABT	Exit	ABBOTT LABS	$0	–	-11,800	–	-0.20%	–
LOV	Exit	SPARK NETWORKS	$0	–	-106,520	–	-0.20%	–
TWX	Exit	TIME WARNER	$0	–	-6,873	–	-0.21%	–
FCX	Exit	FREEPORT MCMORAN	$0	–	-16,473	–	-0.22%	–
COL	Exit	ROCKWELL COLLINS	$0	–	-7,099	–	-0.22%	–
LBTYB	Exit	LIBERTY GLOBAL B	$0	–	-13,587	–	-0.23%	–
EXPE	Exit	EXPEDIA INC	$0	–	-6,778	–	-0.24%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-1,823	–	-0.24%	–
GOOG	Exit	GOOGLE INC CL C	$0	–	-1,173	–	-0.27%	–
QRTEA	Exit	LIBERTY INT A	$0	–	-23,921	–	-0.27%	–
NATI	Exit	NATIONAL INSTRS	$0	–	-22,141	–	-0.27%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-12,000	–	-0.28%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-1,207	–	-0.28%	–
PMCS	Exit	PMC-SIERRA INC	$0	–	-96,400	–	-0.29%	–
SLB	Exit	SCHLUMBERGER	$0	–	-7,116	–	-0.29%	–
BMY	Exit	BRISTOL MYERS	$0	–	-14,420	–	-0.30%	–
AMGN	Exit	AMGEN INC	$0	–	-5,567	–	-0.31%	–
UNH	Exit	UNITEDHEALTH GROUP	$0	–	-9,161	–	-0.32%	–
QRTEB	Exit	LIBERTY INT B	$0	–	-27,803	–	-0.32%	–
TLP	Exit	TRANSMONTAIGNE	$0	–	-19,305	–	-0.32%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-31,931	–	-0.32%	–
TRIP	Exit	TRIPADVISOR INC COM	$0	–	-8,956	–	-0.33%	–
CVS	Exit	CVS CAREMARK CORP	$0	–	-11,073	–	-0.35%	–
KBE	Exit	SPDR SER TR S&P BK ETF	$0	–	-29,475	–	-0.38%	–
LMCK	Exit	LIBERTY MEDIA SER C	$0	–	-20,438	–	-0.38%	–
MCF	Exit	CONTANGO Oil	$0	–	-28,900	–	-0.38%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-21,121	–	-0.39%	–
CVX	Exit	CHEVRON CORP COM	$0	–	-8,380	–	-0.40%	–
XLF	Exit	SPDR TR FINANCIAL	$0	–	-43,207	–	-0.40%	–
DIS	Exit	WALT DISNEY COM	$0	–	-11,355	–	-0.40%	–
ISIS	Exit	ISIS PHARMA	$0	–	-28,145	–	-0.44%	–
CNI	Exit	CAN NATL Rail	$0	–	-15,722	–	-0.45%	–
EBAY	Exit	EBAY INC	$0	–	-20,163	–	-0.46%	–
JWN	Exit	NORDSTROM INC	$0	–	-16,755	–	-0.46%	–
MAA	Exit	MID-AMERICA APTS	$0	–	-17,530	–	-0.46%	–
AFFX	Exit	AFFYMETRIX INC	$0	–	-145,000	–	-0.46%	–
VNQ	Exit	VANGUARD REIT ETF	$0	–	-16,483	–	-0.47%	–
BOND	Exit	PIMCO TOT RET	$0	–	-10,937	–	-0.48%	–
T	Exit	AT&T INC	$0	–	-33,980	–	-0.48%	–
ET	Exit	ENERGY TRANSFER L.P.	$0	–	-19,734	–	-0.49%	–
UPS	Exit	UNITED PARCEL B	$0	–	-12,592	–	-0.50%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-33,024	–	-0.50%	–
LBTYA	Exit	LIBERTY GLOBAL A	$0	–	-29,585	–	-0.50%	–
EXXIQ	Exit	ENERGY XXI BERMUDA	$0	–	-111,720	–	-0.51%	–
DGI	Exit	DIGITALGLOBE INC COM	$0	–	-45,780	–	-0.52%	–
MCD	Exit	MCDONALDS CORP	$0	–	-13,979	–	-0.53%	–
L	Exit	LOEWS CORP COM	$0	–	-32,420	–	-0.54%	–
DRI	Exit	DARDEN INC	$0	–	-26,696	–	-0.55%	–
PFE	Exit	PFIZER INC	$0	–	-47,675	–	-0.56%	–
QCOM	Exit	QUALCOMM INC	$0	–	-18,980	–	-0.57%	–
IART	Exit	INTEGRA LIFESCIENCE	$0	–	-28,918	–	-0.57%	–
BLK	Exit	BLACKROCK INC COM	$0	–	-4,423	–	-0.58%	–
NVS	Exit	NOVARTIS AG	$0	–	-15,674	–	-0.59%	–
QEP	Exit	QEP RESOURCES INC	$0	–	-49,557	–	-0.61%	–
ESV	Exit	ENSCO PLC ORD CLASS A	$0	–	-37,075	–	-0.61%	–
TDG	Exit	TRANSDIGM GROUP	$0	–	-8,547	–	-0.63%	–
NSH	Exit	NUSTAR GP HOLDINGS	$0	–	-37,319	–	-0.65%	–
EMC	Exit	EMC CORP-MASS	$0	–	-55,897	–	-0.65%	–
DISCK	Exit	DISCOVERY COMM C	$0	–	-46,654	–	-0.70%	–
NKTR	Exit	NEKTAR THERAPEUTICS	$0	–	-147,293	–	-0.71%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-21,270	–	-0.71%	–
MRK	Exit	MERCK & CO INC	$0	–	-30,468	–	-0.72%	–
K	Exit	KELLOGG CO	$0	–	-30,669	–	-0.76%	–
HSIC	Exit	HENRY SCHEIN	$0	–	-16,355	–	-0.76%	–
HD	Exit	HOME DEPOT INC COM	$0	–	-20,834	–	-0.76%	–
VZ	Exit	VERIZON	$0	–	-38,841	–	-0.78%	–
AAPL	Exit	APPLE INC	$0	–	-19,314	–	-0.78%	–
GE	Exit	GE	$0	–	-76,900	–	-0.79%	–
FDX	Exit	FEDEX CORP	$0	–	-12,655	–	-0.82%	–
TD	Exit	TORONTO DOMINION	$0	–	-42,400	–	-0.84%	–
ILMN	Exit	ILLUMINA INC	$0	–	-13,394	–	-0.88%	–
RMBS	Exit	RAMBUS INC	$0	–	-180,000	–	-0.90%	–
WPX	Exit	WPX ENERGY INC COM	$0	–	-95,977	–	-0.92%	–
	Exit	XPO LOGISTICS INC SR CONnote	$0	–	-985,000	–	-0.93%	–
EXL	Exit	EXCEL TR INC COM	$0	–	-200,284	–	-0.94%	–
BBT	Exit	BB&T CORP	$0	–	-64,115	–	-0.95%	–
LGF	Exit	LIONS GATE ENTER	$0	–	-73,640	–	-0.97%	–
ETR	Exit	ENTERGY CORP CM	$0	–	-31,409	–	-0.97%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-24,073	–	-1.02%	–
XOM	Exit	EXXON MOBIL	$0	–	-27,988	–	-1.05%	–
CYH	Exit	COMMUNITY HEALTH	$0	–	-48,335	–	-1.06%	–
CCG	Exit	CAMPUS CREST	$0	–	-473,856	–	-1.21%	–
APA	Exit	APACHE CORP	$0	–	-32,730	–	-1.23%	–
COF	Exit	CAPITAL ONE	$0	–	-37,695	–	-1.23%	–
TGT	Exit	TARGET CORP COM	$0	–	-49,121	–	-1.23%	–
CEQP	Exit	CRESTWOOD EQ PTNR	$0	–	-296,138	–	-1.25%	–
PNC	Exit	PNC FINL CORP COM	$0	–	-36,582	–	-1.25%	–
BRKB	Exit	BERK HATHAWAY B	$0	–	-22,685	–	-1.25%	–
EQC	Exit	EQUITY COMMONWEALTH	$0	–	-122,959	–	-1.26%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-31,294	–	-1.33%	–
A309PS	Exit	DIRECTV CLASS A	$0	–	-39,890	–	-1.38%	–
BLL	Exit	BALL CORP	$0	–	-56,080	–	-1.42%	–
AES	Exit	AES CORP COM	$0	–	-273,025	–	-1.55%	–
AMT	Exit	AMERICAN TOWER	$0	–	-43,852	–	-1.64%	–
HBI	Exit	HANESBRANDS INC	$0	–	-40,352	–	-1.73%	–
PEG	Exit	PUBLIC SERVICE	$0	–	-116,734	–	-1.74%	–
LLY	Exit	LILLY ELI & CO COM	$0	–	-67,355	–	-1.75%	–
FLDM	Exit	FLUIDIGM CORP	$0	–	-188,700	–	-1.85%	–
APC	Exit	ANADARKO	$0	–	-46,086	–	-1.87%	–
LBTYK	Exit	LIBERTY GLOBAL C	$0	–	-124,503	–	-2.04%	–
CMCSA	Exit	COMCAST CORP A	$0	–	-96,620	–	-2.08%	–
SBAC	Exit	SBA COMM A	$0	–	-53,315	–	-2.36%	–
INTC	Exit	INTEL CORP	$0	–	-188,092	–	-2.62%	–
NRG	Exit	NRG ENERGY INC NEW	$0	–	-246,953	–	-3.01%	–
CVA	Exit	COVANTA	$0	–	-366,573	–	-3.11%	–
SGMO	Exit	SANGAMO	$0	–	-759,154	–	-3.28%	–
ADBE	Exit	ADOBE SYSTEMS	$0	–	-137,577	–	-3.81%	–
ALNY	Exit	ALNYLAM PHARMA	$0	–	-157,532	–	-4.92%	–

Q3 2014

			Value		Shares		↓ Weighting
ALNY	Buy	ALNYLAM PHARMA	$12,303,000	+27.7%	157,532	+3.3%	4.92%	+31.1%
ADBE	Sell	ADOBE SYSTEMS	$9,519,000	-5.4%	137,577	-1.1%	3.81%	-2.9%
SGMO	Buy	SANGAMO	$8,187,000	-27.2%	759,154	+3.1%	3.28%	-25.2%
CVA	Buy	COVANTA	$7,779,000	+3.0%	366,573	+0.1%	3.11%	+5.8%
NRG	Buy	NRG ENERGY INC NEW	$7,527,000	-10.8%	246,953	+8.9%	3.01%	-8.4%
INTC	Sell	INTEL CORP	$6,549,000	+9.2%	188,092	-3.1%	2.62%	+12.1%
SBAC	Sell	SBA COMM A	$5,913,000	+7.0%	53,315	-1.3%	2.36%	+9.8%
CMCSA	Sell	COMCAST CORP A	$5,196,000	-2.2%	96,620	-2.4%	2.08%	+0.3%
LBTYK	Buy	LIBERTY GLOBAL C	$5,106,000	+3.8%	124,503	+7.1%	2.04%	+6.6%
APC	Buy	ANADARKO	$4,675,000	+6.4%	46,086	+14.8%	1.87%	+9.2%
FLDM	New	FLUIDIGM CORP	$4,623,000	–	188,700	–	1.85%	–
PEG	Buy	PUBLIC SERVICE	$4,347,000	+0.4%	116,734	+9.9%	1.74%	+3.1%
HBI	Buy	HANESBRANDS INC	$4,335,000	+28.3%	40,352	+17.5%	1.73%	+31.7%
AMT	Sell	AMERICAN TOWER	$4,106,000	+2.8%	43,852	-1.2%	1.64%	+5.5%
AES	Buy	AES CORP COM	$3,871,000	-6.0%	273,025	+3.1%	1.55%	-3.6%
BLL	Sell	BALL CORP	$3,548,000	-0.7%	56,080	-1.6%	1.42%	+1.9%
A309PS	Sell	DIRECTV CLASS A	$3,451,000	+0.6%	39,890	-1.1%	1.38%	+3.3%
JNJ	Sell	JOHNSON & JOHNSON	$3,336,000	-5.5%	31,294	-7.3%	1.33%	-3.0%
EQC	New	EQUITY COMMONWEALTH	$3,161,000	–	122,959	–	1.26%	–
BRKB	Sell	BERK HATHAWAY B	$3,134,000	+2.3%	22,685	-6.3%	1.25%	+5.1%
PNC	Sell	PNC FINL CORP COM	$3,131,000	-4.7%	36,582	-0.8%	1.25%	-2.2%
CEQP	Buy	CRESTWOOD EQ PTNR	$3,130,000	-15.6%	296,138	+18.8%	1.25%	-13.4%
TGT	Buy	TARGET CORP COM	$3,079,000	+8.2%	49,121	+0.1%	1.23%	+11.1%
COF	Buy	CAPITAL ONE	$3,077,000	+1.1%	37,695	+2.3%	1.23%	+3.8%
APA	Buy	APACHE CORP	$3,072,000	+21.6%	32,730	+30.3%	1.23%	+24.8%
CCG	Buy	CAMPUS CREST	$3,033,000	+25.5%	473,856	+69.8%	1.21%	+28.9%
CYH	Buy	COMMUNITY HEALTH	$2,648,000	+97.5%	48,335	+63.6%	1.06%	+102.9%
XOM	Sell	EXXON MOBIL	$2,632,000	-10.3%	27,988	-3.9%	1.05%	-7.9%
GILD	Buy	GILEAD SCIENCES INC	$2,563,000	+33.4%	24,073	+3.9%	1.02%	+37.0%
ETR	Sell	ENTERGY CORP CM	$2,429,000	-6.2%	31,409	-0.4%	0.97%	-3.7%
LGF	Sell	LIONS GATE ENTER	$2,428,000	+13.6%	73,640	-1.6%	0.97%	+16.6%
BBT	Sell	BB&T CORP	$2,386,000	-6.8%	64,115	-1.2%	0.95%	-4.3%
EXL	Buy	EXCEL TR INC COM	$2,357,000	-11.0%	200,284	+0.9%	0.94%	-8.5%
	Sell	XPO LOGISTICS INC SR CONnote	$2,326,000	+25.7%	985,000	-1.0%	0.93%	+29.0%
WPX	Buy	WPX ENERGY INC COM	$2,309,000	+6.9%	95,977	+6.3%	0.92%	+9.9%
ILMN	Sell	ILLUMINA INC	$2,196,000	-16.5%	13,394	-9.1%	0.88%	-14.3%
GE	Sell	GE	$1,970,000	-11.5%	76,900	-9.2%	0.79%	-9.2%
AAPL	Sell	APPLE INC	$1,946,000	+7.0%	19,314	-1.2%	0.78%	+9.9%
VZ	Sell	VERIZON	$1,942,000	-0.8%	38,841	-2.9%	0.78%	+1.8%
HD	Sell	HOME DEPOT INC COM	$1,911,000	+12.0%	20,834	-1.2%	0.76%	+14.9%
HSIC	Sell	HENRY SCHEIN	$1,905,000	-2.4%	16,355	-0.5%	0.76%	+0.3%
K	Sell	KELLOGG CO	$1,889,000	-8.5%	30,669	-2.4%	0.76%	-6.1%
MRK	Sell	MERCK & CO INC	$1,806,000	+0.2%	30,468	-2.2%	0.72%	+2.7%
PG	Sell	PROCTER & GAMBLE	$1,781,000	+5.9%	21,270	-0.6%	0.71%	+8.7%
NKTR	Buy	NEKTAR THERAPEUTICS	$1,778,000	-2.1%	147,293	+4.0%	0.71%	+0.4%
DISCK	Buy	DISCOVERY COMM C	$1,739,000	+54.7%	46,654	+201.2%	0.70%	+58.9%
EMC	Sell	EMC CORP-MASS	$1,636,000	+4.4%	55,897	-6.1%	0.65%	+7.0%
NSH	Sell	NUSTAR GP HOLDINGS	$1,623,000	-35.1%	37,319	-41.6%	0.65%	-33.4%
TDG	Sell	TRANSDIGM GROUP	$1,575,000	+9.8%	8,547	-0.3%	0.63%	+12.7%
ESV	Buy	ENSCO PLC ORD CLASS A	$1,532,000	-24.9%	37,075	+0.9%	0.61%	-22.9%
QEP	Buy	QEP RESOURCES INC	$1,525,000	-9.0%	49,557	+2.1%	0.61%	-6.6%
NVS	Sell	NOVARTIS AG	$1,475,000	+3.3%	15,674	-0.6%	0.59%	+6.1%
IART	Sell	INTEGRA LIFESCIENCE	$1,435,000	+3.8%	28,918	-1.5%	0.57%	+6.7%
QCOM	Sell	QUALCOMM INC	$1,419,000	-8.1%	18,980	-2.6%	0.57%	-5.6%
PFE	Sell	PFIZER INC	$1,410,000	-2.4%	47,675	-2.1%	0.56%	+0.2%
DRI	Sell	DARDEN INC	$1,374,000	+9.5%	26,696	-1.6%	0.55%	+12.5%
L	Sell	LOEWS CORP COM	$1,351,000	-7.8%	32,420	-2.7%	0.54%	-5.4%
MCD	Sell	MCDONALDS CORP	$1,325,000	-11.3%	13,979	-5.7%	0.53%	-8.9%
DGI	Buy	DIGITALGLOBE INC COM	$1,305,000	+3.4%	45,780	+0.8%	0.52%	+6.1%
EXXIQ	Buy	ENERGY XXI BERMUDA	$1,268,000	-49.1%	111,720	+6.0%	0.51%	-47.8%
LBTYA	Sell	LIBERTY GLOBAL A	$1,259,000	-8.9%	29,585	-5.3%	0.50%	-6.3%
STI	Sell	SUNTRUST BKS INC	$1,256,000	-7.9%	33,024	-3.0%	0.50%	-5.5%
UPS	Sell	UNITED PARCEL B	$1,238,000	-8.4%	12,592	-4.3%	0.50%	-5.9%
T	Sell	AT&T INC	$1,197,000	-2.5%	33,980	-2.2%	0.48%	+0.2%
BOND	New	PIMCO TOT RET	$1,188,000	–	10,937	–	0.48%	–
VNQ	Sell	VANGUARD REIT ETF	$1,184,000	-5.2%	16,483	-1.2%	0.47%	-2.7%
MAA	Sell	MID-AMERICA APTS	$1,151,000	-13.8%	17,530	-4.1%	0.46%	-11.5%
JWN	Sell	NORDSTROM INC	$1,146,000	-1.8%	16,755	-2.4%	0.46%	+0.7%
CNI	Sell	CAN NATL Rail	$1,116,000	+4.2%	15,722	-4.6%	0.45%	+7.0%
ISIS	Buy	ISIS PHARMA	$1,093,000	+16.4%	28,145	+3.3%	0.44%	+19.4%
XLF	Sell	SPDR TR FINANCIAL	$1,001,000	+0.8%	43,207	-1.1%	0.40%	+3.4%
CVX	Sell	CHEVRON CORP COM	$1,000,000	-11.9%	8,380	-3.6%	0.40%	-9.5%
MSFT	Sell	MICROSOFT CORP	$979,000	+9.1%	21,121	-1.9%	0.39%	+12.0%
LMCK	New	LIBERTY MEDIA SER C	$960,000	–	20,438	–	0.38%	–
MCF	Sell	CONTANGO Oil	$961,000	-23.1%	28,900	-2.2%	0.38%	-21.1%
KBE	Sell	SPDR SER TR S&P BK ETF	$941,000	-6.1%	29,475	-1.7%	0.38%	-3.6%
CVS	Sell	CVS CAREMARK CORP	$881,000	+5.1%	11,073	-0.4%	0.35%	+7.6%
TRIP	Sell	TRIPADVISOR INC COM	$819,000	-19.2%	8,956	-4.0%	0.33%	-17.0%
CSCO	Sell	CISCO SYSTEMS INC	$804,000	-2.8%	31,931	-4.1%	0.32%	0.0%
TLP	Sell	TRANSMONTAIGNE	$796,000	-8.5%	19,305	-2.9%	0.32%	-6.2%
AMGN	Sell	AMGEN INC	$782,000	+3.7%	5,567	-12.6%	0.31%	+6.5%
BMY	Buy	BRISTOL MYERS	$738,000	+7.0%	14,420	+1.4%	0.30%	+9.7%
ABBV	Sell	ABBVIE INC COM	$693,000	-12.9%	12,000	-14.9%	0.28%	-10.6%
GOOG	Sell	GOOGLE INC CL C	$677,000	-2.4%	1,173	-2.8%	0.27%	+0.4%
EXPE	Sell	EXPEDIA INC	$594,000	+5.9%	6,778	-4.9%	0.24%	+8.7%
COL	Sell	ROCKWELL COLLINS	$557,000	-0.4%	7,099	-0.7%	0.22%	+2.3%
FCX	Sell	FREEPORT MCMORAN	$538,000	-13.1%	16,473	-2.8%	0.22%	-10.8%
LOV	Buy	SPARK NETWORKS	$494,000	-17.7%	106,520	+0.7%	0.20%	-15.4%
ABT	Sell	ABBOTT LABS	$491,000	-12.3%	11,800	-13.9%	0.20%	-10.1%
BCR	Sell	BARD C R INC	$465,000	-2.5%	3,258	-2.3%	0.19%	0.0%
VOD	Sell	VODAFONE GROUP ADR	$449,000	-53.6%	13,655	-52.9%	0.18%	-52.3%
CL	Sell	COLGATE PALMOLIVE	$398,000	-5.9%	6,100	-1.6%	0.16%	-3.6%
SLGN	Sell	SILGAN HOLDINGS	$379,000	-8.7%	8,070	-1.2%	0.15%	-6.2%
DISCA	Sell	DISCOVERY COMM A	$368,000	-52.1%	9,735	-5.9%	0.15%	-50.8%
RDSB	Sell	ROYAL DUTCH SHELL B	$337,000	-11.5%	4,261	-2.8%	0.14%	-8.8%
IBM	Sell	IBM	$328,000	-21.5%	1,730	-24.9%	0.13%	-19.6%
UNP	Sell	UNION PACIFIC CORP	$307,000	+5.1%	2,828	-3.4%	0.12%	+7.9%
CMCSK	Sell	COMCAST NEW CL A	$299,000	-10.7%	5,588	-11.1%	0.12%	-8.4%
LMCA	Sell	LIBERTY MEDIA CL A	$252,000	-65.8%	5,342	-0.9%	0.10%	-64.8%
ORCL	Sell	ORACLE	$249,000	-12.3%	6,500	-7.1%	0.10%	-9.9%
LMCB	Sell	LIBERTY MEDIA CL B	$233,000	-65.0%	4,860	-0.3%	0.09%	-64.1%
ZTS	Sell	ZOETIS INC CL A	$226,000	+11.3%	6,115	-3.0%	0.09%	+13.9%
DISCB	Sell	DISCOVERY COMM B	$219,000	-49.2%	5,763	-0.9%	0.09%	-47.6%
NSC	New	NORFOLK SOUTHERN	$206,000	–	1,850	–	0.08%	–
FAX	Exit	ABERDEEN ASIA-PACIFIC INC	$0	–	-11,075	–	-0.03%	–
ATI	Exit	ALLEGHENY TECH	$0	–	-4,450	–	-0.08%	–
VPU	Exit	VANGUARD UTILS ETF	$0	–	-2,108	–	-0.08%	–
LVNTB	Exit	LIBERTY VENTURE C	$0	–	-2,752	–	-0.08%	–
ATVI	Exit	ACTIVISION BLIZZARD	$0	–	-9,200	–	-0.08%	–
IAC	Exit	IAC / INTERACTIVECORP	$0	–	-3,106	–	-0.08%	–
BA	Exit	BOEING CO COM	$0	–	-1,766	–	-0.09%	–
DGX	Exit	QUEST DIAGNOSTICS	$0	–	-7,585	–	-0.17%	–
SPH	Exit	SUBURBAN PROPANE	$0	–	-13,221	–	-0.24%	–
AB	Exit	ALLIANCEBERNSTEIN	$0	–	-24,255	–	-0.24%	–
ALRPRB	Exit	ALERE SER B CONV PREFpfd	$0	–	-7,132	–	-0.88%	–
SIR	Exit	SELECT INCOME REIT	$0	–	-76,920	–	-0.89%	–
BKLN	Exit	POWERSHARES ETFTR II SENIO	$0	–	-101,853	–	-0.99%	–
3101SC	Exit	COMMONWEALTH REIT	$0	–	-124,239	–	-1.27%	–

Q2 2014

			Value		Shares		↓ Weighting
SGMO	New	SANGAMO	$11,239,000	–	736,049	–	4.38%	–
ADBE	New	ADOBE SYSTEMS	$10,066,000	–	139,107	–	3.92%	–
ALNY	New	ALNYLAM PHARMA	$9,632,000	–	152,472	–	3.75%	–
NRG	New	NRG ENERGY INC NEW	$8,435,000	–	226,753	–	3.29%	–
CVA	New	COVANTA	$7,550,000	–	366,308	–	2.94%	–
INTC	New	INTEL CORP	$5,998,000	–	194,114	–	2.34%	–
SBAC	New	SBA COMM A	$5,528,000	–	54,035	–	2.15%	–
CMCSA	New	COMCAST CORP A	$5,315,000	–	99,010	–	2.07%	–
LBTYK	New	LIBERTY GLOBAL C	$4,917,000	–	116,222	–	1.92%	–
APC	New	ANADARKO	$4,395,000	–	40,146	–	1.71%	–
PEG	New	PUBLIC SERVICE	$4,331,000	–	106,189	–	1.69%	–
LLY	New	ELI LILLY & CO	$4,187,000	–	67,355	–	1.63%	–
AES	New	AES CORP COM	$4,118,000	–	264,850	–	1.60%	–
AMT	New	AMERICAN TOWER	$3,993,000	–	44,377	–	1.56%	–
CEQP	New	CRESTWOOD EQ PTNR	$3,708,000	–	249,338	–	1.44%	–
BLL	New	BALL CORP	$3,572,000	–	56,980	–	1.39%	–
JNJ	New	JOHNSON & JOHNSON	$3,530,000	–	33,744	–	1.38%	–
A309PS	New	DIRECTV CLASS A	$3,430,000	–	40,350	–	1.34%	–
HBI	New	HANESBRANDS INC	$3,380,000	–	34,337	–	1.32%	–
PNC	New	PNC FINL CORP COM	$3,285,000	–	36,887	–	1.28%	–
3101SC	New	COMMONWEALTH REIT	$3,270,000	–	124,239	–	1.27%	–
BRKB	New	BERK HATHAWAY B	$3,063,000	–	24,200	–	1.19%	–
COF	New	CAPITAL ONE	$3,045,000	–	36,860	–	1.19%	–
XOM	New	EXXON MOBIL	$2,933,000	–	29,132	–	1.14%	–
TGT	New	TARGET CORP COM	$2,845,000	–	49,091	–	1.11%	–
EXL	New	EXCEL TR INC COM	$2,647,000	–	198,559	–	1.03%	–
ILMN	New	ILLUMINA INC	$2,631,000	–	14,738	–	1.02%	–
ETR	New	ENTERGY CORP CM	$2,589,000	–	31,539	–	1.01%	–
RMBS	New	RAMBUS INC	$2,574,000	–	180,000	–	1.00%	–
BBT	New	BB&T CORP	$2,560,000	–	64,915	–	1.00%	–
BKLN	New	POWERSHARES ETFTR II SENIO	$2,533,000	–	101,853	–	0.99%	–
APA	New	APACHE CORP	$2,527,000	–	25,110	–	0.98%	–
NSH	New	NUSTAR GP HOLDINGS	$2,500,000	–	63,922	–	0.97%	–
EXXIQ	New	ENERGY XXI BERMUDA	$2,492,000	–	105,445	–	0.97%	–
CCG	New	CAMPUS CREST	$2,416,000	–	278,991	–	0.94%	–
SIR	New	SELECT INCOME REIT	$2,280,000	–	76,920	–	0.89%	–
ALRPRB	New	ALERE SER B CONV PREFpfd	$2,267,000	–	7,132	–	0.88%	–
GE	New	GE	$2,227,000	–	84,725	–	0.87%	–
TD	New	TORONTO DOMINION	$2,180,000	–	42,400	–	0.85%	–
WPX	New	WPX ENERGY INC COM	$2,159,000	–	90,302	–	0.84%	–
LGF	New	LIONS GATE ENTER	$2,138,000	–	74,815	–	0.83%	–
K	New	KELLOGG CO	$2,065,000	–	31,434	–	0.80%	–
ESV	New	ENSCO PLC ORD CLASS A	$2,041,000	–	36,735	–	0.80%	–
VZ	New	VERIZON	$1,958,000	–	40,015	–	0.76%	–
HSIC	New	HENRY SCHEIN	$1,951,000	–	16,445	–	0.76%	–
GILD	New	GILEAD SCIENCES INC	$1,921,000	–	23,173	–	0.75%	–
FDX	New	FEDEX CORP	$1,916,000	–	12,655	–	0.75%	–
	New	XPO LOGISTICS INC SR CONnote	$1,851,000	–	995,000	–	0.72%	–
AAPL	New	APPLE INC	$1,818,000	–	19,558	–	0.71%	–
NKTR	New	NEKTAR THERAPEUTICS	$1,817,000	–	141,693	–	0.71%	–
MRK	New	MERCK & CO INC	$1,803,000	–	31,168	–	0.70%	–
HD	New	HOME DEPOT INC COM	$1,707,000	–	21,084	–	0.66%	–
PG	New	PROCTER & GAMBLE	$1,681,000	–	21,395	–	0.66%	–
QEP	New	QEP RESOURCES INC	$1,675,000	–	48,552	–	0.65%	–
EMC	New	EMC CORP-MASS	$1,567,000	–	59,507	–	0.61%	–
QCOM	New	QUALCOMM INC	$1,544,000	–	19,490	–	0.60%	–
MCD	New	MCDONALDS CORP	$1,493,000	–	14,824	–	0.58%	–
L	New	LOEWS CORP COM	$1,466,000	–	33,305	–	0.57%	–
PFE	New	PFIZER INC	$1,445,000	–	48,682	–	0.56%	–
TDG	New	TRANSDIGM GROUP	$1,435,000	–	8,577	–	0.56%	–
NVS	New	NOVARTIS AG	$1,428,000	–	15,774	–	0.56%	–
BLK	New	BLACKROCK INC COM	$1,414,000	–	4,423	–	0.55%	–
LBTYA	New	LIBERTY GLOBAL A	$1,382,000	–	31,253	–	0.54%	–
IART	New	INTEGRA LIFESCIENCE	$1,382,000	–	29,363	–	0.54%	–
STI	New	SUNTRUST BKS INC	$1,364,000	–	34,049	–	0.53%	–
UPS	New	UNITED PARCEL B	$1,351,000	–	13,162	–	0.53%	–
CYH	New	COMMUNITY HEALTH	$1,341,000	–	29,550	–	0.52%	–
MAA	New	MID-AMERICA APTS	$1,335,000	–	18,280	–	0.52%	–
AFFX	New	AFFYMETRIX INC	$1,292,000	–	145,000	–	0.50%	–
DGI	New	DIGITALGLOBE INC COM	$1,262,000	–	45,405	–	0.49%	–
DRI	New	DARDEN INC	$1,255,000	–	27,121	–	0.49%	–
VNQ	New	VANGUARD REIT ETF	$1,249,000	–	16,683	–	0.49%	–
MCF	New	CONTANGO Oil	$1,250,000	–	29,555	–	0.49%	–
T	New	AT&T INC	$1,228,000	–	34,730	–	0.48%	–
JWN	New	NORDSTROM INC	$1,167,000	–	17,175	–	0.46%	–
ET	New	ENERGY TRANSFER L.P.	$1,163,000	–	19,734	–	0.45%	–
CVX	New	CHEVRON CORP COM	$1,135,000	–	8,691	–	0.44%	–
DISCK	New	DISCOVERY COMM B	$1,124,000	–	15,488	–	0.44%	–
CNI	New	CAN NATL Rail	$1,071,000	–	16,472	–	0.42%	–
TRIP	New	VODAFONE GROUP ADR	$1,014,000	–	9,331	–	0.40%	–
EBAY	New	EBAY INC	$1,009,000	–	20,163	–	0.39%	–
KBE	New	SPDR SER TR S&P BK ETF	$1,002,000	–	29,975	–	0.39%	–
XLF	New	SPDR TR FINANCIAL	$993,000	–	43,685	–	0.39%	–
DIS	New	DISNEY WALT CO DISNEY COM	$974,000	–	11,355	–	0.38%	–
VOD	New	VODAFONE GROUP ADR	$967,000	–	28,965	–	0.38%	–
ISIS	New	ISIS PHARMA	$939,000	–	27,245	–	0.37%	–
MSFT	New	MICROSOFT CORP	$897,000	–	21,521	–	0.35%	–
TLP	New	TRANSMONTAIGNE	$870,000	–	19,880	–	0.34%	–
SLB	New	SCHLUMBERGER	$839,000	–	7,116	–	0.33%	–
CVS	New	CVS CAREMARK CORP	$838,000	–	11,123	–	0.33%	–
CSCO	New	CISCO SYSTEMS INC	$827,000	–	33,281	–	0.32%	–
QRTEB	New	LIBERTY INT B	$809,000	–	27,803	–	0.32%	–
ABBV	New	ABBVIE INC COM	$796,000	–	14,100	–	0.31%	–
DISCA	New	DISCOVERY COMM C	$768,000	–	10,345	–	0.30%	–
AMGN	New	AMGEN INC	$754,000	–	6,367	–	0.29%	–
UNH	New	UNITEDHEALTH GROUP	$749,000	–	9,161	–	0.29%	–
LMCA	New	LIBERTY MEDIA SER A	$737,000	–	5,392	–	0.29%	–
PMCS	New	PMC-SIERRA INC	$734,000	–	96,400	–	0.29%	–
NATI	New	NATIONAL INSTRS	$717,000	–	22,141	–	0.28%	–
GOOGL	New	GOOGLE INC CL A	$706,000	–	1,207	–	0.28%	–
QRTEA	New	LIBERTY INT A	$702,000	–	23,921	–	0.27%	–
GOOG	New	GOOGLE INC CL C	$694,000	–	1,207	–	0.27%	–
BMY	New	BRISTOL MYERS	$690,000	–	14,220	–	0.27%	–
LMCB	New	LIBERTY MEDIA CAP	$666,000	–	4,877	–	0.26%	–
AB	New	ALLIANCEBERNSTEIN	$628,000	–	24,255	–	0.24%	–
LBTYB	New	LIBERTY GLOBAL B	$620,000	–	13,587	–	0.24%	–
FCX	New	FREEPORT MCMORAN	$619,000	–	16,948	–	0.24%	–
SPH	New	SUBURBAN PROPANE	$608,000	–	13,221	–	0.24%	–
LOV	New	SPARK NETWORKS	$600,000	–	105,820	–	0.23%	–
BIIB	New	BIOGEN IDEC INC	$575,000	–	1,823	–	0.22%	–
EXPE	New	EXPEDIA INC	$561,000	–	7,128	–	0.22%	–
ABT	New	ABBOTT LABS	$560,000	–	13,700	–	0.22%	–
COL	New	ROCKWELL COLLINS	$559,000	–	7,149	–	0.22%	–
TWX	New	TIME WARNER	$483,000	–	6,873	–	0.19%	–
BCR	New	BARD C R INC	$477,000	–	3,333	–	0.19%	–
DGX	New	QUEST DIAGNOSTICS	$445,000	–	7,585	–	0.17%	–
DISCB	New	DISCOVERY COMM A	$431,000	–	5,813	–	0.17%	–
CL	New	COMMUNITY HEALTH	$423,000	–	6,200	–	0.16%	–
IBM	New	IBM	$418,000	–	2,305	–	0.16%	–
SLGN	New	SILGAN HOLDINGS	$415,000	–	8,170	–	0.16%	–
RDSB	New	ROYAL DUTCH SHELL B	$381,000	–	4,383	–	0.15%	–
KO	New	COCA COLA CO COM	$353,000	–	8,328	–	0.14%	–
PEP	New	PEPSICO INC	$352,000	–	3,939	–	0.14%	–
CMCSK	New	COMCAST NEW CL A	$335,000	–	6,288	–	0.13%	–
MU	New	MICRON TECHNOLOGY INC	$330,000	–	10,000	–	0.13%	–
MON	New	MONSANTO CO	$297,000	–	2,377	–	0.12%	–
GLW	New	CORNING INC	$295,000	–	13,440	–	0.12%	–
UNP	New	UNION PACIFIC CORP	$292,000	–	2,928	–	0.11%	–
ORCL	New	ORACLE	$284,000	–	7,000	–	0.11%	–
AGG	New	ISHARES TOT US BOND	$263,000	–	2,400	–	0.10%	–
VO	New	VANGUARD MID-CAP ETF	$230,000	–	1,940	–	0.09%	–
BA	New	BOEING CO COM	$225,000	–	1,766	–	0.09%	–
BAB	New	POWERSHARES ETF BAB	$220,000	–	7,500	–	0.09%	–
IAC	New	IAC / INTERACTIVECORP	$215,000	–	3,106	–	0.08%	–
ITW	New	ILLINOIS TOOL WORKS	$215,000	–	2,457	–	0.08%	–
ATVI	New	ACTIVISION BLIZZARD	$205,000	–	9,200	–	0.08%	–
LVNTB	New	LIBERTY VENTURE C	$203,000	–	2,752	–	0.08%	–
ZTS	New	ZOETIS INC CL A	$203,000	–	6,305	–	0.08%	–
VPU	New	VANGUARD UTILS ETF	$204,000	–	2,108	–	0.08%	–
ATI	New	ALLEGHENY TECH	$201,000	–	4,450	–	0.08%	–
NAN	New	NUVEEN NY DIV AD MUN	$168,000	–	12,260	–	0.06%	–
MUA	New	BLACKROCK MUNIASSETS	$166,000	–	12,944	–	0.06%	–
FAX	New	ABERDEEN ASIA-PACIFIC INC	$70,000	–	11,075	–	0.03%	–

Q4 2013

			Value		Shares		↓ Weighting
NAN	Exit	NUVEEN NY DIV AD MUN	$0	–	-12,260	–	-0.08%	–
GLW	Exit	CORNING INC	$0	–	-13,590	–	-0.10%	–
BAB	Exit	POWERSHARES ETF BAB	$0	–	-7,500	–	-0.10%	–
BA	Exit	BOEING CO COM	$0	–	-1,750	–	-0.10%	–
TEVA	Exit	TEVA PHARMA	$0	–	-5,915	–	-0.11%	–
ZTS	Exit	ZOETIS INC CL A	$0	–	-7,188	–	-0.11%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-1,464	–	-0.12%	–
WR	Exit	WESTAR ENERGY INC	$0	–	-7,400	–	-0.12%	–
EQR	Exit	EQUITY RESIDENTIAL	$0	–	-4,500	–	-0.12%	–
ORCL	Exit	ORACLE	$0	–	-7,325	–	-0.12%	–
MON	Exit	MONSANTO CO	$0	–	-2,369	–	-0.12%	–
AGG	Exit	ISHARES TOT US BOND	$0	–	-2,400	–	-0.13%	–
CMCSK	Exit	COMCAST NEW CL A	$0	–	-6,332	–	-0.14%	–
PRAN	Exit	PRANA BIOTECHN	$0	–	-76,355	–	-0.16%	–
KO	Exit	COCA COLA CO COM	$0	–	-8,504	–	-0.16%	–
ARIA	Exit	ARIAD PHARMA	$0	–	-17,600	–	-0.16%	–
APC	Exit	ANADARKO	$0	–	-3,678	–	-0.17%	–
PEP	Exit	PEPSICO INC	$0	–	-4,477	–	-0.18%	–
EXPE	Exit	EXPEDIA INC	$0	–	-7,128	–	-0.19%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-6,250	–	-0.19%	–
NSR	Exit	NEUSTAR INC CL A	$0	–	-7,850	–	-0.20%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-1,801	–	-0.22%	–
RDSB	Exit	ROYAL DUTCH SHELL B	$0	–	-6,498	–	-0.23%	–
TWX	Exit	TIME WARNER	$0	–	-6,873	–	-0.23%	–
IBM	Exit	IBM	$0	–	-2,447	–	-0.23%	–
ABT	Exit	ABBOTT LABS	$0	–	-14,300	–	-0.24%	–
COL	Exit	ROCKWELL COLLINS	$0	–	-7,204	–	-0.25%	–
DISCB	Exit	DISCOVERY COMM A	$0	–	-5,887	–	-0.25%	–
FCX	Exit	FREEPORT MCMORAN	$0	–	-15,939	–	-0.27%	–
GOLD	Exit	BARRICK GOLD	$0	–	-28,410	–	-0.27%	–
SLGN	Exit	SILGAN HOLDINGS	$0	–	-11,360	–	-0.27%	–
DESTQ	Exit	DESTINATION MATERNITY	$0	–	-16,915	–	-0.27%	–
AB	Exit	ALLIANCEBERNSTEIN	$0	–	-27,705	–	-0.28%	–
L	Exit	LOEWS CORP COM	$0	–	-11,905	–	-0.28%	–
QRTEA	Exit	LIBERTY INT A	$0	–	-24,269	–	-0.29%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-12,989	–	-0.29%	–
QEP	Exit	QEP RESOURCES INC	$0	–	-21,377	–	-0.30%	–
COH	Exit	COACH INC COM	$0	–	-11,282	–	-0.31%	–
SLB	Exit	SCHLUMBERGER	$0	–	-7,135	–	-0.32%	–
PMCS	Exit	PMC-SIERRA INC	$0	–	-96,400	–	-0.32%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-14,400	–	-0.33%	–
AEO	Exit	AMERICAN EAGLE	$0	–	-46,125	–	-0.33%	–
QRTEB	Exit	LIBERTY INT B	$0	–	-28,178	–	-0.33%	–
BMY	Exit	BRISTOL MYERS	$0	–	-14,570	–	-0.34%	–
NATI	Exit	NATIONAL INSTRS	$0	–	-22,176	–	-0.35%	–
UNH	Exit	UNITEDHEALTH GROUP	$0	–	-9,702	–	-0.35%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-21,663	–	-0.37%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-9,531	–	-0.37%	–
LMCB	Exit	LIBERTY MEDIA CAP	$0	–	-4,979	–	-0.37%	–
AMGN	Exit	AMGEN INC	$0	–	-6,551	–	-0.37%	–
DIS	Exit	WALT CO DISNEY COM	$0	–	-11,811	–	-0.39%	–
LMCA	Exit	LIBERTY MEDIA SER A	$0	–	-5,442	–	-0.41%	–
LSE	Exit	CAPLEASE INC com	$0	–	-99,200	–	-0.43%	–
CVS	Exit	CVS CAREMARK CORP	$0	–	-15,066	–	-0.43%	–
CNI	Exit	CAN NATL Rail	$0	–	-8,461	–	-0.44%	–
DISCA	Exit	DISCOVERY COMM C	$0	–	-10,586	–	-0.45%	–
AFFX	Exit	AFFYMETRIX INC	$0	–	-145,000	–	-0.46%	–
TGT	Exit	TARGET CORP COM	$0	–	-14,498	–	-0.47%	–
NRGY	Exit	INERGY L P COM	$0	–	-69,943	–	-0.49%	–
EXXIQ	Exit	ENERGY XXI BERMUDA	$0	–	-32,505	–	-0.50%	–
ANN	Exit	ANN INC COM	$0	–	-27,300	–	-0.50%	–
ISIS	Exit	ISIS PHARMA	$0	–	-26,505	–	-0.50%	–
JWN	Exit	NORDSTROM INC	$0	–	-17,875	–	-0.51%	–
BBT	Exit	BB&T CORP	$0	–	-31,028	–	-0.53%	–
EXL	Exit	EXCEL TR INC COM	$0	–	-87,538	–	-0.53%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-32,514	–	-0.54%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-1,223	–	-0.54%	–
XLF	Exit	SPDR TR FINANCIAL	$0	–	-53,950	–	-0.55%	–
LBTYB	Exit	LIBERTY GLOBAL B	$0	–	-13,587	–	-0.55%	–
MCF	Exit	CONTANGO Oil	$0	–	-29,295	–	-0.55%	–
KBE	Exit	SPDR SER TR S&P BK ETF	$0	–	-36,100	–	-0.55%	–
D	Exit	DOMINION RESOURCES	$0	–	-17,568	–	-0.56%	–
COF	Exit	CAPITAL ONE	$0	–	-16,387	–	-0.57%	–
MAA	Exit	MID-AMERICA APTS	$0	–	-18,385	–	-0.58%	–
SIAL	Exit	SIGMA-ALDRICH CORP	$0	–	-13,655	–	-0.59%	–
TDG	Exit	TRANSDIGM GROUP	$0	–	-8,577	–	-0.60%	–
EBAY	Exit	EBAY INC	$0	–	-21,502	–	-0.61%	–
UPS	Exit	UNITED PARCEL B	$0	–	-13,202	–	-0.61%	–
DGX	Exit	QUEST DIAGNOSTICS	$0	–	-19,636	–	-0.62%	–
T	Exit	AT&T INC	$0	–	-35,843	–	-0.62%	–
DISCK	Exit	DISCOVERY COMM B	$0	–	-15,588	–	-0.62%	–
VZ	Exit	VERIZON	$0	–	-26,432	–	-0.63%	–
NVS	Exit	NOVARTIS AG	$0	–	-16,250	–	-0.63%	–
ILMN	Exit	ILLUMINA INC	$0	–	-15,688	–	-0.64%	–
DRI	Exit	DARDEN INC	$0	–	-27,451	–	-0.65%	–
SPH	Exit	SUBURBAN PROPANE	$0	–	-27,654	–	-0.66%	–
BLK	Exit	BLACKROCK INC COM	$0	–	-4,830	–	-0.66%	–
APA	Exit	APACHE CORP	$0	–	-15,484	–	-0.67%	–
QCOM	Exit	QUALCOMM INC	$0	–	-19,752	–	-0.68%	–
LNCE	Exit	SNYDERS-LANCE	$0	–	-48,145	–	-0.70%	–
NKTR	Exit	NEKTAR THERAPEUTICS	$0	–	-135,293	–	-0.72%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-60,477	–	-0.72%	–
	Exit	XPO LOGISTICS INC SRnote	$0	–	-995,000	–	-0.74%	–
PFE	Exit	PFIZER INC	$0	–	-50,655	–	-0.74%	–
MCD	Exit	MCDONALDS CORP	$0	–	-15,219	–	-0.74%	–
MRK	Exit	MERCK & CO INC	$0	–	-30,838	–	-0.75%	–
TLP	Exit	TRANSMONTAIGNE	$0	–	-36,150	–	-0.75%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-23,473	–	-0.75%	–
VNQ	Exit	VANGUARD REIT ETF	$0	–	-22,413	–	-0.75%	–
FDX	Exit	FEDEX CORP	$0	–	-13,011	–	-0.75%	–
LBTYK	Exit	LIBERTY GLOBAL C	$0	–	-19,796	–	-0.76%	–
ET	Exit	ENERGY TRANSFER L.P.	$0	–	-22,849	–	-0.76%	–
EXC	Exit	EXELON CORP	$0	–	-54,074	–	-0.81%	–
HD	Exit	HOME DEPOT INC COM	$0	–	-21,346	–	-0.82%	–
EMC	Exit	EMC CORP-MASS	$0	–	-64,039	–	-0.83%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-21,723	–	-0.83%	–
WPX	Exit	WPX ENERGY INC COM	$0	–	-85,467	–	-0.84%	–
CCG	Exit	CAMPUS CREST	$0	–	-153,239	–	-0.84%	–
AAPL	Exit	APPLE INC	$0	–	-3,552	–	-0.86%	–
ETR	Exit	ENTERGY CORP CM	$0	–	-27,114	–	-0.87%	–
NSH	Exit	NUSTAR GP HOLDINGS	$0	–	-76,562	–	-0.87%	–
HSIC	Exit	HENRY SCHEIN	$0	–	-17,355	–	-0.92%	–
K	Exit	KELLOGG CO	$0	–	-31,193	–	-0.93%	–
AES	Exit	AES CORP COM	$0	–	-138,025	–	-0.93%	–
ALRPRB	Exit	ALERE SER B CONV PREFpfd	$0	–	-7,142	–	-0.94%	–
TD	Exit	TORONTO DOMINION	$0	–	-21,200	–	-0.97%	–
PEG	Exit	PUBLIC SERVICE	$0	–	-60,504	–	-1.01%	–
BKH	Exit	BLACK HILLS	$0	–	-40,905	–	-1.04%	–
GE	Exit	GE	$0	–	-86,587	–	-1.05%	–
VOD	Exit	VODAFONE GROUP	$0	–	-59,824	–	-1.07%	–
HBI	Exit	HANESBRANDS INC	$0	–	-35,862	–	-1.14%	–
CVX	Exit	CHEVRON CORP COM	$0	–	-18,997	–	-1.17%	–
BLL	Exit	BALL CORP	$0	–	-52,925	–	-1.21%	–
LBTYA	Exit	LIBERTY GLOBAL A	$0	–	-32,092	–	-1.29%	–
XOM	Exit	EXXON MOBIL	$0	–	-30,669	–	-1.34%	–
BRKB	Exit	BERK HATHAWAY B	$0	–	-23,885	–	-1.38%	–
BKLN	Exit	PWRSHRS ETFTR II SENIO	$0	–	-116,775	–	-1.46%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-34,729	–	-1.53%	–
A309PS	Exit	DIRECTV CLASS A	$0	–	-50,658	–	-1.54%	–
RMBS	Exit	RAMBUS INC	$0	–	-330,000	–	-1.58%	–
AMT	Exit	AMERICAN TOWER	$0	–	-45,035	–	-1.70%	–
LLY	Exit	ELI LILLY & CO	$0	–	-68,113	–	-1.74%	–
LIFE	Exit	LIFE TECH	$0	–	-48,633	–	-1.85%	–
CVA	Exit	COVANTA	$0	–	-174,278	–	-1.89%	–
NRG	Exit	NRG ENERGY INC NEW	$0	–	-139,938	–	-1.94%	–
CMCSA	Exit	COMCAST CORP A	$0	–	-95,220	–	-2.18%	–
INTC	Exit	INTEL CORP	$0	–	-204,753	–	-2.38%	–
SBAC	Exit	SBA COMM A	$0	–	-60,900	–	-2.49%	–
SGMO	Exit	SANGAMO	$0	–	-675,539	–	-3.60%	–
ADBE	Exit	ADOBE SYSTEMS	$0	–	-139,427	–	-3.68%	–
ALNY	Exit	ALNYLAM PHARMA	$0	–	-116,193	–	-3.78%	–

Q3 2013

			Value		Shares		↓ Weighting
ALNY	Buy	ALNYLAM PHARMA	$7,438,000	+132.4%	116,193	+12.6%	3.78%	+84.6%
SGMO	Sell	SANGAMO	$7,086,000	+34.2%	675,539	-0.1%	3.60%	+6.6%
SBAC	Sell	SBA COMM A	$4,900,000	+8.2%	60,900	-0.4%	2.49%	-14.1%
INTC	Buy	INTEL CORP	$4,693,000	+16.2%	204,753	+22.8%	2.38%	-7.8%
CMCSA	Sell	COMCAST CORP A	$4,296,000	+7.8%	95,220	-0.3%	2.18%	-14.4%
NRG	Buy	NRG ENERGY INC NEW	$3,825,000	+6.5%	139,938	+4.1%	1.94%	-15.4%
CVA	Buy	COVANTA	$3,726,000	+13.7%	174,278	+6.5%	1.89%	-9.7%
LIFE	Sell	LIFE TECH	$3,639,000	+1.1%	48,633	-0.1%	1.85%	-19.7%
LLY	Buy	ELI LILLY & CO	$3,428,000	+38.2%	68,113	+34.9%	1.74%	+9.7%
AMT	Buy	AMERICAN TOWER	$3,338,000	+16.8%	45,035	+15.4%	1.70%	-7.2%
A309PS	Sell	DIRECTV CLASS A	$3,028,000	-5.7%	50,658	-2.8%	1.54%	-25.2%
JNJ	Buy	JOHNSON & JOHNSON	$3,011,000	+2.3%	34,729	+1.3%	1.53%	-18.8%
BKLN	Sell	PWRSHRS ETFTR II SENIO	$2,882,000	-0.4%	116,775	-0.1%	1.46%	-21.0%
BRKB	Sell	BERK HATHAWAY B	$2,711,000	+1.4%	23,885	-0.0%	1.38%	-19.5%
XOM	Buy	EXXON MOBIL	$2,639,000	+0.6%	30,669	+5.6%	1.34%	-20.1%
LBTYA	Sell	LIBERTY GLOBAL A	$2,547,000	+8.0%	32,092	-0.0%	1.29%	-14.2%
BLL	Sell	BALL CORP	$2,375,000	+7.9%	52,925	-0.2%	1.21%	-14.4%
CVX	Buy	CHEVRON CORP COM	$2,308,000	+81.3%	18,997	+76.6%	1.17%	+44.0%
VOD	Sell	VODAFONE GROUP	$2,105,000	+19.4%	59,824	-2.5%	1.07%	-5.2%
GE	Buy	GE	$2,069,000	+85.6%	86,587	+80.2%	1.05%	+47.4%
BKH	Sell	BLACK HILLS	$2,040,000	-32.0%	40,905	-33.5%	1.04%	-46.0%
PEG	Buy	PUBLIC SERVICE	$1,992,000	+4.2%	60,504	+3.4%	1.01%	-17.3%
ALRPRB	Sell	ALERE SER B CONV PREFpfd	$1,857,000	+15.4%	7,142	-0.1%	0.94%	-8.4%
AES	Buy	AES CORP COM	$1,834,000	+25.1%	138,025	+12.9%	0.93%	-0.6%
K	Buy	KELLOGG CO	$1,832,000	-4.6%	31,193	+4.3%	0.93%	-24.2%
HSIC	Buy	HENRY SCHEIN	$1,801,000	+8.7%	17,355	+0.3%	0.92%	-13.7%
NSH	Buy	NUSTAR GP HOLDINGS	$1,718,000	-6.3%	76,562	+11.6%	0.87%	-25.6%
ETR	Buy	ENTERGY CORP CM	$1,713,000	-4.4%	27,114	+5.5%	0.87%	-24.1%
AAPL	Buy	APPLE INC	$1,694,000	+157.1%	3,552	+113.7%	0.86%	+104.0%
CCG	Buy	CAMPUS CREST	$1,655,000	+43.8%	153,239	+53.7%	0.84%	+14.3%
WPX	Buy	WPX ENERGY INC COM	$1,646,000	+12.4%	85,467	+10.5%	0.84%	-10.8%
PG	Sell	PROCTER & GAMBLE	$1,642,000	-2.0%	21,723	-0.2%	0.83%	-22.2%
EMC	Buy	EMC CORP-MASS	$1,637,000	+262.2%	64,039	+234.6%	0.83%	+187.9%
HD	Buy	HOME DEPOT INC COM	$1,619,000	+140.6%	21,346	+145.8%	0.82%	+90.7%
EXC	Buy	EXELON CORP	$1,603,000	-1.1%	54,074	+3.0%	0.81%	-21.5%
ET	Sell	ENERGY TRANSFER L.P.	$1,503,000	+4.8%	22,849	-4.7%	0.76%	-16.8%
LBTYK	Sell	LIBERTY GLOBAL C	$1,493,000	+10.8%	19,796	-0.3%	0.76%	-12.1%
FDX	Buy	FEDEX CORP	$1,485,000	+19.0%	13,011	+2.8%	0.75%	-5.5%
VNQ	New	VANGUARD REIT ETF	$1,482,000	–	22,413	–	0.75%	–
GILD	Buy	GILEAD SCIENCES INC	$1,476,000	+112.7%	23,473	+73.4%	0.75%	+68.9%
TLP	Sell	TRANSMONTAIGNE	$1,472,000	-3.4%	36,150	-0.6%	0.75%	-23.3%
MRK	Buy	MERCK & CO INC	$1,468,000	+2.7%	30,838	+0.2%	0.75%	-18.5%
MCD	Buy	MCDONALDS CORP	$1,464,000	-0.7%	15,219	+2.1%	0.74%	-21.2%
PFE	Buy	PFIZER INC	$1,455,000	+99.0%	50,655	+94.0%	0.74%	+57.9%
CSCO	Buy	CISCO SYSTEMS INC	$1,417,000	+393.7%	60,477	+412.4%	0.72%	+291.3%
NKTR	Buy	NEKTAR THERAPEUTICS	$1,413,000	+50.3%	135,293	+66.2%	0.72%	+19.5%
QCOM	Buy	QUALCOMM INC	$1,330,000	+69.6%	19,752	+53.9%	0.68%	+34.7%
APA	Buy	APACHE CORP	$1,318,000	+16.4%	15,484	+14.7%	0.67%	-7.5%
BLK	New	BLACKROCK INC COM	$1,307,000	–	4,830	–	0.66%	–
SPH	Sell	SUBURBAN PROPANE	$1,294,000	+0.5%	27,654	-0.2%	0.66%	-20.2%
DRI	Buy	DARDEN INC	$1,271,000	+2.5%	27,451	+11.7%	0.65%	-18.5%
VZ	New	VERIZON	$1,234,000	–	26,432	–	0.63%	–
DGX	New	QUEST DIAGNOSTICS	$1,213,000	–	19,636	–	0.62%	–
T	New	AT&T INC	$1,212,000	–	35,843	–	0.62%	–
UPS	Sell	UNITED PARCEL B	$1,206,000	+5.3%	13,202	-0.3%	0.61%	-16.4%
EBAY	Buy	EBAY INC	$1,200,000	+463.4%	21,502	+422.7%	0.61%	+348.5%
SIAL	Sell	SIGMA-ALDRICH CORP	$1,165,000	+4.8%	13,655	-1.2%	0.59%	-16.7%
MAA	Buy	MID-AMERICA APTS	$1,149,000	+9.4%	18,385	+18.7%	0.58%	-13.1%
COF	Buy	CAPITAL ONE	$1,126,000	+13.3%	16,387	+3.6%	0.57%	-10.1%
KBE	New	SPDR SER TR S&P BK ETF	$1,084,000	–	36,100	–	0.55%	–
MCF	Buy	CONTANGO Oil	$1,077,000	+123.0%	29,295	+104.8%	0.55%	+77.0%
XLF	New	SPDR TR FINANCIAL	$1,074,000	–	53,950	–	0.55%	–
GOOGL	New	GOOGLE INC CL A	$1,071,000	–	1,223	–	0.54%	–
STI	New	SUNTRUST BKS INC	$1,054,000	–	32,514	–	0.54%	–
EXL	Buy	EXCEL TR INC COM	$1,050,000	+18.9%	87,538	+27.0%	0.53%	-5.7%
BBT	Buy	BB&T CORP	$1,047,000	+93.5%	31,028	+94.4%	0.53%	+53.8%
JWN	Buy	NORDSTROM INC	$1,005,000	+61.1%	17,875	+71.8%	0.51%	+28.1%
ISIS	Buy	ISIS PHARMA	$995,000	+50.1%	26,505	+7.4%	0.50%	+19.1%
ANN	Buy	ANN INC COM	$989,000	+38.5%	27,300	+26.9%	0.50%	+9.8%
EXXIQ	Sell	ENERGY XXI BERMUDA	$982,000	+33.8%	32,505	-1.9%	0.50%	+6.2%
NRGY	Buy	INERGY L P COM	$963,000	-13.7%	69,943	+0.4%	0.49%	-31.5%
TGT	Sell	TARGET CORP COM	$928,000	-7.2%	14,498	-0.1%	0.47%	-26.4%
CVS	New	CVS CAREMARK CORP	$855,000	–	15,066	–	0.43%	–
DIS	Buy	WALT CO DISNEY COM	$762,000	+268.1%	11,811	+259.8%	0.39%	+193.2%
AMGN	Sell	AMGEN INC	$733,000	+10.1%	6,551	-3.0%	0.37%	-12.7%
MSFT	Buy	MICROSOFT CORP	$721,000	+28.5%	21,663	+33.4%	0.37%	+1.9%
NATI	Sell	NATIONAL INSTRS	$686,000	+9.8%	22,176	-0.9%	0.35%	-13.0%
BMY	Buy	BRISTOL MYERS	$674,000	+95.4%	14,570	+88.7%	0.34%	+54.8%
AEO	Buy	AMERICAN EAGLE	$645,000	+23.6%	46,125	+61.4%	0.33%	-1.8%
SLB	New	SCHLUMBERGER	$630,000	–	7,135	–	0.32%	–
COH	New	COACH INC COM	$615,000	–	11,282	–	0.31%	–
RIG	Sell	TRANSOCEAN LTD	$578,000	-7.5%	12,989	-0.4%	0.29%	-26.5%
QRTEA	Sell	LIBERTY INT A	$570,000	+0.4%	24,269	-1.6%	0.29%	-20.1%
L	Buy	LOEWS CORP COM	$556,000	+7.1%	11,905	+1.9%	0.28%	-15.1%
AB	New	ALLIANCEBERNSTEIN	$550,000	–	27,705	–	0.28%	–
SLGN	Sell	SILGAN HOLDINGS	$534,000	-42.6%	11,360	-42.7%	0.27%	-54.5%
GOLD	Sell	BARRICK GOLD	$529,000	+16.8%	28,410	-1.3%	0.27%	-7.2%
FCX	Sell	FREEPORT MCMORAN	$527,000	+16.6%	15,939	-2.7%	0.27%	-7.3%
IBM	Buy	IBM	$453,000	+20.2%	2,447	+24.1%	0.23%	-4.6%
NSR	Sell	NEUSTAR INC CL A	$388,000	-59.4%	7,850	-60.0%	0.20%	-67.8%
KO	Sell	COCA COLA CO COM	$322,000	-6.7%	8,504	-1.2%	0.16%	-25.8%
PRAN	Buy	PRANA BIOTECHN	$314,000	+161.7%	76,355	+48.0%	0.16%	+107.8%
MON	Sell	MONSANTO CO	$247,000	+2.9%	2,369	-2.7%	0.12%	-18.8%
ORCL	Sell	ORACLE	$243,000	+5.7%	7,325	-2.2%	0.12%	-16.3%
TEVA	Sell	TEVA PHARMA	$223,000	-28.3%	5,915	-25.5%	0.11%	-43.2%
BA	New	BOEING CO COM	$206,000	–	1,750	–	0.10%	–
AMRN	Exit	AMARIN CORP	$0	–	-10,600	–	-0.04%	–
ACI	Exit	ARCH COAL	$0	–	-16,577	–	-0.04%	–
WFC	Exit	WELLS FARGO	$0	–	-11,759	–	-0.31%	–

Q2 2013

			Value		Shares		↓ Weighting
ADBE	New	ADOBE SYSTEMS	$6,352,000	–	139,427	–	4.06%	–
SGMO	New	SANGAMO	$5,280,000	–	676,096	–	3.38%	–
SBAC	New	SBA COMM A	$4,530,000	–	61,115	–	2.90%	–
INTC	New	INTEL CORP	$4,040,000	–	166,747	–	2.58%	–
CMCSA	New	COMCAST CORP A	$3,986,000	–	95,472	–	2.55%	–
LIFE	New	LIFE TECH	$3,601,000	–	48,666	–	2.30%	–
NRG	New	NRG ENERGY INC NEW	$3,591,000	–	134,488	–	2.30%	–
CVA	New	COVANTA	$3,276,000	–	163,638	–	2.10%	–
A309PS	New	DIRECTV CLASS A	$3,212,000	–	52,110	–	2.06%	–
ALNY	New	ALNYLAM PHARMA	$3,200,000	–	103,218	–	2.05%	–
BKH	New	BLACK HILLS	$2,999,000	–	61,520	–	1.92%	–
JNJ	New	JOHNSON & JOHNSON	$2,944,000	–	34,294	–	1.88%	–
BKLN	New	POWERSHARES ETFTR II SENIO	$2,894,000	–	116,915	–	1.85%	–
AMT	New	AMERICAN TOWER	$2,857,000	–	39,040	–	1.83%	–
RMBS	New	RAMBUS INC	$2,835,000	–	330,000	–	1.81%	–
BRKB	New	BERK HATHAWAY B	$2,674,000	–	23,895	–	1.71%	–
XOM	New	EXXON MOBIL	$2,624,000	–	29,044	–	1.68%	–
LLY	New	ELI LILLY & CO	$2,481,000	–	50,500	–	1.59%	–
LBTYA	New	LIBERTY GLOBAL A	$2,359,000	–	32,098	–	1.51%	–
BLL	New	BALL CORP	$2,202,000	–	53,005	–	1.41%	–
K	New	KELLOGG CO	$1,921,000	–	29,903	–	1.23%	–
PEG	New	PUBLIC SERVICE	$1,911,000	–	58,524	–	1.22%	–
HBI	New	HANESBRANDS INC	$1,844,000	–	35,862	–	1.18%	–
NSH	New	NUSTAR GP HOLDINGS	$1,833,000	–	68,580	–	1.17%	–
ETR	New	ENTERGY CORP CM	$1,791,000	–	25,704	–	1.15%	–
VOD	New	VODAFONE GROUP	$1,763,000	–	61,339	–	1.13%	–
TD	New	TORONTO DOMINION	$1,704,000	–	21,200	–	1.09%	–
PG	New	PROCTER & GAMBLE	$1,676,000	–	21,763	–	1.07%	–
HSIC	New	HENRY SCHEIN	$1,657,000	–	17,305	–	1.06%	–
EXC	New	EXELON CORP	$1,621,000	–	52,487	–	1.04%	–
ALRPRB	New	ALERE SER B CONV PREFpfd	$1,609,000	–	7,152	–	1.03%	–
TLP	New	TRANSMONTAIGNE	$1,524,000	–	36,365	–	0.98%	–
MCD	New	MCDONALDS CORP	$1,475,000	–	14,899	–	0.94%	–
AES	New	AES CORP COM	$1,466,000	–	122,250	–	0.94%	–
WPX	New	WPX ENERGY INC COM	$1,464,000	–	77,317	–	0.94%	–
ET	New	ENERGY TRANSFER L.P.	$1,434,000	–	23,969	–	0.92%	–
MRK	New	MERCK & CO INC	$1,430,000	–	30,783	–	0.92%	–
LNCE	New	SNYDERS-LANCE	$1,368,000	–	48,145	–	0.88%	–
LBTYK	New	LIBERTY GLOBAL C	$1,348,000	–	19,853	–	0.86%	–
TDG	New	TRANSDIGM GROUP	$1,345,000	–	8,577	–	0.86%	–
SPH	New	SUBURBAN PROPANE	$1,287,000	–	27,698	–	0.82%	–
CVX	New	CHEVRON CORP COM	$1,273,000	–	10,756	–	0.81%	–
FDX	New	FEDEX CORP	$1,248,000	–	12,655	–	0.80%	–
DRI	New	DARDEN INC	$1,240,000	–	24,566	–	0.79%	–
	New	XPO LOGISTICS INC SR CONnote	$1,233,000	–	995,000	–	0.79%	–
ILMN	New	ILLUMINA INC	$1,174,000	–	15,688	–	0.75%	–
CCG	New	CAMPUS CREST	$1,151,000	–	99,718	–	0.74%	–
NVS	New	NOVARTIS AG	$1,149,000	–	16,250	–	0.74%	–
UPS	New	UNITED PARCEL B	$1,145,000	–	13,242	–	0.73%	–
APA	New	APACHE CORP	$1,132,000	–	13,499	–	0.72%	–
NRGY	New	INERGY L P COM	$1,116,000	–	69,680	–	0.71%	–
GE	New	GE	$1,115,000	–	48,062	–	0.71%	–
SIAL	New	SIGMA-ALDRICH CORP	$1,112,000	–	13,825	–	0.71%	–
DISCK	New	DISCOVERY COMM B	$1,088,000	–	15,588	–	0.70%	–
MAA	New	MID-AMERICA APTS	$1,050,000	–	15,490	–	0.67%	–
TGT	New	TARGET CORP COM	$1,000,000	–	14,518	–	0.64%	–
D	New	DOMINION RESOURCES	$998,000	–	17,568	–	0.64%	–
LBTYB	New	LIBERTY GLOBAL B	$996,000	–	13,587	–	0.64%	–
COF	New	CAPITAL ONE	$994,000	–	15,824	–	0.64%	–
NSR	New	NEUSTAR INC CL A	$955,000	–	19,625	–	0.61%	–
NKTR	New	NEKTAR THERAPEUTICS	$940,000	–	81,428	–	0.60%	–
SLGN	New	SILGAN HOLDINGS	$931,000	–	19,830	–	0.60%	–
EXL	New	EXCEL TR INC COM	$883,000	–	68,938	–	0.56%	–
LSE	New	CAPLEASE INC com	$837,000	–	99,200	–	0.54%	–
CNI	New	CAN NATL Rail	$823,000	–	8,461	–	0.53%	–
DISCA	New	DISCOVERY COMM C	$818,000	–	10,586	–	0.52%	–
QCOM	New	QUALCOMM INC	$784,000	–	12,836	–	0.50%	–
EXXIQ	New	ENERGY XXI BERMUDA	$734,000	–	33,120	–	0.47%	–
PFE	New	PFIZER INC	$731,000	–	26,110	–	0.47%	–
ANN	New	ANN INC COM	$714,000	–	21,505	–	0.46%	–
GILD	New	GILEAD SCIENCES INC	$694,000	–	13,538	–	0.44%	–
LMCA	New	LIBERTY MEDIA SER A	$690,000	–	5,442	–	0.44%	–
HD	New	HOME DEPOT INC COM	$673,000	–	8,686	–	0.43%	–
AMGN	New	AMGEN INC	$666,000	–	6,751	–	0.43%	–
ISIS	New	ISIS PHARMA	$663,000	–	24,680	–	0.42%	–
AAPL	New	APPLE INC	$659,000	–	1,662	–	0.42%	–
AFFX	New	AFFYMETRIX INC	$644,000	–	145,000	–	0.41%	–
QRTEB	New	LIBERTY INT B	$643,000	–	28,178	–	0.41%	–
UNH	New	UNITEDHEALTH GROUP	$635,000	–	9,702	–	0.41%	–
LMCB	New	LIBERTY MEDIA CAP	$626,000	–	4,979	–	0.40%	–
RIG	New	TRANSOCEAN LTD	$625,000	–	13,039	–	0.40%	–
NATI	New	NATIONAL INSTRS	$625,000	–	22,375	–	0.40%	–
JWN	New	NORDSTROM INC	$624,000	–	10,405	–	0.40%	–
PMCS	New	PMC-SIERRA INC	$613,000	–	96,400	–	0.39%	–
ABBV	New	ABBVIE INC COM	$595,000	–	14,400	–	0.38%	–
QEP	New	QEP RESOURCES INC	$594,000	–	21,377	–	0.38%	–
TRIP	New	TRIPADVISOR INC	$580,000	–	9,531	–	0.37%	–
QRTEA	New	LIBERTY INT A	$568,000	–	24,669	–	0.36%	–
MSFT	New	MICROSOFT CORP	$561,000	–	16,238	–	0.36%	–
BBT	New	BB&T CORP	$541,000	–	15,963	–	0.35%	–
AEO	New	AMERICAN EAGLE	$522,000	–	28,575	–	0.33%	–
L	New	LOEWS CORP COM	$519,000	–	11,680	–	0.33%	–
ABT	New	ABBOTT LABS	$499,000	–	14,300	–	0.32%	–
WFC	New	WELLS FARGO	$485,000	–	11,759	–	0.31%	–
MCF	New	CONTANGO Oil	$483,000	–	14,305	–	0.31%	–
COL	New	ROCKWELL COLLINS	$457,000	–	7,204	–	0.29%	–
DISCB	New	DISCOVERY COMM A	$454,000	–	5,887	–	0.29%	–
GOLD	New	BARRICK GOLD	$453,000	–	28,797	–	0.29%	–
FCX	New	FREEPORT MCMORAN	$452,000	–	16,381	–	0.29%	–
EMC	New	EMC CORP-MASS	$452,000	–	19,139	–	0.29%	–
RDSB	New	ROYAL DUTCH SHELL B	$431,000	–	6,498	–	0.28%	–
EXPE	New	EXPEDIA INC	$429,000	–	7,128	–	0.27%	–
DESTQ	New	DESTINATION MATERNITY	$416,000	–	16,915	–	0.27%	–
TWX	New	TIME WARNER	$397,000	–	6,873	–	0.25%	–
BIIB	New	BIOGEN IDEC INC	$388,000	–	1,801	–	0.25%	–
IBM	New	IBM	$377,000	–	1,972	–	0.24%	–
PEP	New	PEPSICO INC	$366,000	–	4,477	–	0.23%	–
CL	New	COLGATE PALMOLIVE	$358,000	–	6,250	–	0.23%	–
KO	New	COCA COLA CO COM	$345,000	–	8,604	–	0.22%	–
BMY	New	BRISTOL MYERS	$345,000	–	7,720	–	0.22%	–
APC	New	ANADARKO	$316,000	–	3,678	–	0.20%	–
TEVA	New	TEVA PHARMA	$311,000	–	7,939	–	0.20%	–
ARIA	New	ARIAD PHARMA	$308,000	–	17,600	–	0.20%	–
CSCO	New	CISCO SYSTEMS INC	$287,000	–	11,803	–	0.18%	–
EQR	New	EQUITY RESIDENTIAL	$261,000	–	4,500	–	0.17%	–
AGG	New	ISHARES TOT US BOND	$257,000	–	2,400	–	0.16%	–
CMCSK	New	COMCAST NEW CL A	$251,000	–	6,332	–	0.16%	–
MON	New	MONSANTO CO	$240,000	–	2,434	–	0.15%	–
WR	New	WESTAR ENERGY INC	$237,000	–	7,400	–	0.15%	–
ORCL	New	ORACLE	$230,000	–	7,487	–	0.15%	–
UNP	New	UNION PACIFIC CORP	$226,000	–	1,464	–	0.14%	–
ZTS	New	ZOETIS INC CL A	$222,000	–	7,188	–	0.14%	–
EBAY	New	EBAY INC	$213,000	–	4,114	–	0.14%	–
BAB	New	POWERSHARES ETF BAB	$211,000	–	7,500	–	0.14%	–
DIS	New	DISNEY WALT CO DISNEY COM	$207,000	–	3,283	–	0.13%	–
GLW	New	CORNING INC	$193,000	–	13,590	–	0.12%	–
NAN	New	NUVEEN NY DIV AD MUN	$171,000	–	12,260	–	0.11%	–
PRAN	New	PRANA BIOTECHN	$120,000	–	51,605	–	0.08%	–
ACI	New	ARCH COAL	$63,000	–	16,577	–	0.04%	–
AMRN	New	AMARIN CORP	$61,000	–	10,600	–	0.04%	–

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