PICTET BANK & TRUST Ltd Activity Q4 2013-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
AMZN	Sell	AMAZON COM INC	$8,199,113	-3.4%	64,499	-0.9%	8.80%	+27.0%
PEP	Sell	PEPSICO INC	$6,332,820	-8.9%	37,375	-0.5%	6.80%	+19.7%
MCD	Sell	MCDONALDS CORP	$5,146,300	-13.3%	19,535	-1.7%	5.52%	+14.1%
GOOGL	Sell	ALPHABET INCcap stk cl a	$5,082,995	+6.8%	38,843	-2.3%	5.46%	+40.4%
FB	Sell	META PLATFORMS INCcl a	$4,423,594	+0.3%	14,735	-4.1%	4.75%	+31.9%
MSFT	Sell	MICROSOFT CORP	$3,849,308	-9.1%	12,191	-2.0%	4.13%	+19.5%
V	Sell	VISA INC	$3,641,288	-6.4%	15,831	-3.4%	3.91%	+23.0%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$2,422,023	-7.3%	4,785	-4.4%	2.60%	+22.0%
UNH	Sell	UNITEDHEALTH GROUP INC	$2,419,104	+0.1%	4,798	-4.6%	2.60%	+31.6%
WFC	Sell	WELLS FARGO CO NEW	$2,138,612	-8.6%	52,340	-4.5%	2.30%	+20.2%
HON	Sell	HONEYWELL INTL INC	$1,956,397	-13.7%	10,590	-3.0%	2.10%	+13.5%
DHR	Sell	DANAHER CORPORATION	$1,797,485	+0.4%	7,245	-2.9%	1.93%	+31.9%
CRM	Sell	SALESFORCE INC	$1,686,724	-8.6%	8,318	-4.7%	1.81%	+20.2%
MDT	Sell	MEDTRONIC PLC	$1,589,298	-13.7%	20,282	-2.9%	1.71%	+13.5%
MRK	Sell	MERCK & CO INC	$1,455,507	-11.5%	14,138	-0.8%	1.56%	+16.4%
RACE	Buy	FERRARI N V	$1,390,368	-8.6%	4,695	+0.9%	1.49%	+20.1%
EA	Sell	ELECTRONIC ARTS INC	$1,360,881	-8.7%	11,303	-1.7%	1.46%	+20.0%
SHV	Buy	ISHARES TRshort treas bd	$1,308,186	+5.0%	11,842	+4.9%	1.40%	+38.1%
TSM	Sell	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$1,208,605	-18.5%	13,908	-5.4%	1.30%	+7.1%
IGF	Buy	ISHARES TRglb infrastr etf	$464,112	-3.9%	10,721	+4.2%	0.50%	+26.4%
PICK	Buy	ISHARES INCmsci gbl etf new	$265,835	+1.3%	6,686	+3.1%	0.28%	+33.2%
IEI	Exit	ISHARES TR3 7 yr treas bd	$0	–	-4,500	–	-0.42%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-123,906	–	-18.94%	–

Q2 2023

			Value		Shares		↓ Weighting
IWM	New	ISHARES TRrussell 2000 etf	$23,203,877	–	123,906	–	18.94%	–
AMZN	New	AMAZON COM INC	$8,487,609	–	65,109	–	6.93%	–
PEP	New	PEPSICO INC	$6,954,641	–	37,548	–	5.68%	–
MCD	New	MCDONALDS CORP	$5,932,689	–	19,881	–	4.84%	–
GOOG	New	ALPHABET INCcap stk cl c	$4,875,091	–	40,300	–	3.98%	–
GOOGL	New	ALPHABET INCcap stk cl a	$4,758,554	–	39,754	–	3.88%	–
FB	New	META PLATFORMS INCcl a	$4,410,309	–	15,368	–	3.60%	–
AAPL	New	APPLE INC	$4,304,194	–	22,190	–	3.51%	–
MSFT	New	MICROSOFT CORP	$4,235,296	–	12,437	–	3.46%	–
ZTS	New	ZOETIS INCcl a	$4,021,104	–	23,350	–	3.28%	–
V	New	VISA INC	$3,891,347	–	16,386	–	3.18%	–
CL	New	COLGATE PALMOLIVE CO	$3,166,344	–	41,100	–	2.58%	–
MA	New	MASTERCARD INCORPORATEDcl a	$3,067,740	–	7,800	–	2.50%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$3,052,869	–	6,887	–	2.49%	–
NKE	New	NIKE INCcl b	$3,050,185	–	27,636	–	2.49%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$2,611,881	–	5,006	–	2.13%	–
EL	New	LAUDER ESTEE COS INCcl a	$2,611,854	–	13,300	–	2.13%	–
UNH	New	UNITEDHEALTH GROUP INC	$2,416,658	–	5,028	–	1.97%	–
WFC	New	WELLS FARGO CO NEW	$2,339,163	–	54,807	–	1.91%	–
HON	New	HONEYWELL INTL INC	$2,265,900	–	10,920	–	1.85%	–
CRM	New	SALESFORCE INC	$1,844,722	–	8,732	–	1.51%	–
MDT	New	MEDTRONIC PLC	$1,840,761	–	20,894	–	1.50%	–
DHR	New	DANAHER CORPORATION	$1,791,120	–	7,463	–	1.46%	–
MRK	New	MERCK & CO INC	$1,643,846	–	14,246	–	1.34%	–
TXN	New	TEXAS INSTRS INC	$1,558,973	–	8,660	–	1.27%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$1,551,564	–	4,200	–	1.27%	–
RACE	New	FERRARI N V	$1,521,051	–	4,655	–	1.24%	–
EA	New	ELECTRONIC ARTS INC	$1,490,642	–	11,493	–	1.22%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$1,483,120	–	14,696	–	1.21%	–
SHV	New	ISHARES TRshort treas bd	$1,246,318	–	11,284	–	1.02%	–
JNJ	New	JOHNSON & JOHNSON	$772,978	–	4,670	–	0.63%	–
CVX	New	CHEVRON CORP NEW	$607,371	–	3,860	–	0.50%	–
	New	SHELL PLCspon ads	$583,875	–	9,670	–	0.48%	–
NEOG	New	NEOGEN CORP	$540,488	–	24,850	–	0.44%	–
ROL	New	ROLLINS INC	$531,092	–	12,400	–	0.43%	–
SCZ	New	ISHARES TReafe sml cp etf	$519,024	–	8,800	–	0.42%	–
IEI	New	ISHARES TR3 7 yr treas bd	$518,670	–	4,500	–	0.42%	–
IGF	New	ISHARES TRglb infrastr etf	$482,975	–	10,287	–	0.39%	–
ALC	New	ALCON AG	$455,547	–	5,500	–	0.37%	–
BP	New	BP PLCsponsored adr	$390,307	–	11,060	–	0.32%	–
BAC	New	BANK AMERICA CORP	$377,532	–	13,159	–	0.31%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$313,934	–	710	–	0.26%	–
PICK	New	ISHARES INCmsci gbl etf new	$262,424	–	6,486	–	0.21%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$259,744	–	3,200	–	0.21%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$243,404	–	1,400	–	0.20%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	ON HLDG AGnamen akt a	$0	–	-11,100	–	-0.23%	–
PICK	Exit	ISHARES INCmsci gbl etf new	$0	–	-6,217	–	-0.27%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-710	–	-0.28%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-3,200	–	-0.30%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-7,830	–	-0.32%	–
ALC	Exit	ALCON AG	$0	–	-5,500	–	-0.42%	–
BP	Exit	BP PLCsponsored adr	$0	–	-12,000	–	-0.44%	–
SDY	Exit	SPDR SER TRs&p divid etf	$0	–	-3,280	–	-0.47%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-8,000	–	-0.50%	–
IGF	Exit	ISHARES TRglb infrastr etf	$0	–	-9,437	–	-0.51%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-13,804	–	-0.54%	–
ROL	Exit	ROLLINS INC	$0	–	-12,500	–	-0.56%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-2,159	–	-0.64%	–
	Exit	SHELL PLCspon ads	$0	–	-10,300	–	-0.66%	–
IEI	Exit	ISHARES TR3 7 yr treas bd	$0	–	-4,500	–	-0.66%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-3,860	–	-0.71%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,270	–	-1.10%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-13,248	–	-1.16%	–
MRK	Exit	MERCK & CO INC	$0	–	-12,212	–	-1.35%	–
CRM	Exit	SALESFORCE INC	$0	–	-7,770	–	-1.43%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-4,200	–	-1.44%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-10,508	–	-1.48%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-15,953	–	-1.55%	–
DIS	Exit	DISNEY WALT CO	$0	–	-12,787	–	-1.55%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-10,638	–	-1.58%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-8,550	–	-1.70%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-18,640	–	-1.93%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-9,354	–	-2.00%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-6,332	–	-2.10%	–
MMM	Exit	3M CO	$0	–	-14,900	–	-2.11%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-14,185	–	-2.47%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-7,700	–	-2.81%	–
NKE	Exit	NIKE INCcl b	$0	–	-27,278	–	-2.91%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-4,695	–	-3.05%	–
V	Exit	VISA INC	$0	–	-14,265	–	-3.25%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-64,642	–	-3.33%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-7,468	–	-3.42%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-40,600	–	-3.66%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-34,717	–	-4.26%	–
AAPL	Exit	APPLE INC	$0	–	-24,240	–	-4.30%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-6,686	–	-4.33%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-23,050	–	-4.38%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-39,800	–	-4.91%	–
MCD	Exit	MCDONALDS CORP	$0	–	-19,556	–	-5.79%	–
PEP	Exit	PEPSICO INC	$0	–	-37,359	–	-7.82%	–
AMZN	Exit	AMAZON COM INC	$0	–	-64,438	–	-9.34%	–

Q3 2022

			Value		Shares		↓ Weighting
AMZN	Sell	AMAZON COM INC	$7,281,494,000	+80805.5%	64,438	-24.0%	9.34%	+50.8%
PEP	Sell	PEPSICO INC	$6,099,230,000	+74426.3%	37,359	-23.9%	7.82%	+38.9%
MCD	Sell	MCDONALDS CORP	$4,512,351,000	+75005.7%	19,556	-19.6%	5.79%	+40.0%
GOOG	Buy	ALPHABET INCcap stk cl c	$3,826,770,000	+73069.6%	39,800	+1564.6%	4.91%	+36.4%
UNH	Sell	UNITEDHEALTH GROUP INC	$3,376,697,000	+59887.5%	6,686	-39.0%	4.33%	+11.8%
AAPL	Sell	APPLE INC	$3,349,968,000	+65727.6%	24,240	-34.9%	4.30%	+22.7%
GOOGL	Buy	ALPHABET INCcap stk cl a	$3,320,681,000	+62271.9%	34,717	+1321.1%	4.26%	+16.2%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$2,667,122,000	+16386.1%	7,468	-82.6%	3.42%	-69.3%
WFC	Sell	WELLS FARGO CO NEW	$2,599,901,000	+69230.7%	64,642	-32.5%	3.33%	+29.2%
V	Sell	VISA INC	$2,534,177,000	+60876.3%	14,265	-32.4%	3.25%	+13.6%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$2,381,257,000	+59076.4%	4,695	-36.6%	3.05%	+10.3%
NKE	Sell	NIKE INCcl b	$2,267,347,000	+73658.8%	27,278	-9.3%	2.91%	+37.5%
FB	Sell	META PLATFORMS INCcl a	$1,924,621,000	+56257.9%	14,185	-33.0%	2.47%	+5.0%
DHR	Sell	DANAHER CORPORATION	$1,635,492,000	+56432.7%	6,332	-44.5%	2.10%	+5.3%
HON	Sell	HONEYWELL INTL INC	$1,561,837,000	+51891.9%	9,354	-45.9%	2.00%	-3.1%
MDT	Sell	MEDTRONIC PLC	$1,505,180,000	+52418.5%	18,640	-41.6%	1.93%	-2.1%
EA	Sell	ELECTRONIC ARTS INC	$1,230,923,000	+49896.9%	10,638	-47.4%	1.58%	-6.8%
DIS	Sell	DISNEY WALT CO	$1,206,198,000	+56876.8%	12,787	-43.0%	1.55%	+6.2%
FIS	Sell	FIDELITY NATL INFORMATION SV	$1,205,568,000	+53196.6%	15,953	-35.3%	1.55%	-0.7%
SHV	Buy	ISHARES TRshort treas bd	$1,155,880,000	+116773.6%	10,508	+17.0%	1.48%	+117.6%
QQQ	Sell	INVESCO QQQ TRunit ser 1	$1,122,492,000	+30636.4%	4,200	-67.8%	1.44%	-42.7%
CRM	Sell	SALESFORCE INC	$1,117,637,000	+56260.9%	7,770	-35.3%	1.43%	+5.0%
MRK	Sell	MERCK & CO INC	$1,051,697,000	+54055.4%	12,212	-42.7%	1.35%	+1.0%
TSM	Sell	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$908,283,000	+52220.4%	13,248	-37.6%	1.16%	-2.5%
CVX	Sell	CHEVRON CORP NEW	$554,566,000	+37677.0%	3,860	-61.9%	0.71%	-29.6%
	Sell	SHELL PLCspon ads	$512,528,000	+92247.4%	10,300	-3.0%	0.66%	+72.0%
MSFT	Sell	MICROSOFT CORP	$502,831,000	+33783.5%	2,159	-62.6%	0.64%	-36.8%
BAC	Sell	BK OF AMERICA CORP	$416,881,000	+54970.1%	13,804	-43.2%	0.54%	+2.7%
IGF	Sell	ISHARES TRglb infrastr etf	$394,750,000	+67494.2%	9,437	-24.5%	0.51%	+25.9%
SCZ	Sell	ISHARES TReafe sml cp etf	$390,240,000	+24229.2%	8,000	-72.8%	0.50%	-54.7%
SDY	Sell	SPDR SER TRs&p divid etf	$365,720,000	+12267.9%	3,280	-86.8%	0.47%	-77.0%
BP	Sell	BP PLCsponsored adr	$342,600,000	+36001.2%	12,000	-64.2%	0.44%	-32.8%
EZU	Sell	ISHARES INCmsci eurzone etf	$250,403,000	+75322.6%	7,830	-14.3%	0.32%	+40.8%
VGT	Sell	VANGUARD WORLD FDSinf tech etf	$218,233,000	+47653.4%	710	-49.3%	0.28%	-10.8%
PICK	Sell	ISHARES INCmsci gbl etf new	$211,565,000	+92286.5%	6,217	-3.3%	0.27%	+71.5%
TJX	Exit	TJX COS INC NEW	$0	–	-5,400	–	-0.21%	–
USB	Exit	US BANCORP DEL	$0	–	-7,200	–	-0.23%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-6,000	–	-0.23%	–
COO	Exit	COOPER COS INC	$0	–	-1,100	–	-0.24%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,300	–	-0.25%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-7,800	–	-0.26%	–
C	Exit	CITIGROUP INC	$0	–	-10,695	–	-0.34%	–
ABT	Exit	ABBOTT LABS	$0	–	-4,884	–	-0.36%	–
AME	Exit	AMETEK INC	$0	–	-5,252	–	-0.40%	–
EOG	Exit	EOG RES INC	$0	–	-8,825	–	-0.67%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-19,654	–	-0.71%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-4,170	–	-0.85%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-10,074	–	-1.17%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-31,830	–	-1.52%	–
GLD	Exit	SPDR GOLD TR	$0	–	-15,250	–	-1.77%	–

Q2 2022

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$16,178,000	–	42,883	–	11.13%	–
AMZN	New	AMAZON COM INC	$9,000,000	–	84,739	–	6.19%	–
PEP	New	PEPSICO INC	$8,184,000	–	49,106	–	5.63%	–
MCD	New	MCDONALDS CORP	$6,008,000	–	24,335	–	4.13%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,629,000	–	10,960	–	3.87%	–
GOOGL	New	ALPHABET INCcap stk cl a	$5,324,000	–	2,443	–	3.66%	–
GOOG	New	ALPHABET INCcap stk cl c	$5,230,000	–	2,391	–	3.60%	–
AAPL	New	APPLE INC	$5,089,000	–	37,220	–	3.50%	–
V	New	VISA INC	$4,156,000	–	21,108	–	2.86%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$4,024,000	–	7,407	–	2.77%	–
ZTS	New	ZOETIS INCcl a	$3,962,000	–	23,050	–	2.73%	–
WFC	New	WELLS FARGO CO NEW	$3,750,000	–	95,729	–	2.58%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$3,652,000	–	13,030	–	2.51%	–
FB	New	META PLATFORMS INCcl a	$3,415,000	–	21,178	–	2.35%	–
CL	New	COLGATE PALMOLIVE CO	$3,254,000	–	40,600	–	2.24%	–
NKE	New	NIKE INCcl b	$3,074,000	–	30,078	–	2.12%	–
HON	New	HONEYWELL INTL INC	$3,004,000	–	17,286	–	2.07%	–
SDY	New	SPDR SER TRs&p divid etf	$2,957,000	–	24,910	–	2.04%	–
DHR	New	DANAHER CORPORATION	$2,893,000	–	11,410	–	1.99%	–
MDT	New	MEDTRONIC PLC	$2,866,000	–	31,928	–	1.97%	–
GLD	New	SPDR GOLD TR	$2,569,000	–	15,250	–	1.77%	–
EA	New	ELECTRONIC ARTS INC	$2,462,000	–	20,237	–	1.69%	–
MA	New	MASTERCARD INCORPORATEDcl a	$2,429,000	–	7,700	–	1.67%	–
FIS	New	FIDELITY NATL INFORMATION SV	$2,262,000	–	24,672	–	1.56%	–
AAXJ	New	ISHARES TRmsci ac asia etf	$2,203,000	–	31,830	–	1.52%	–
DIS	New	DISNEY WALT CO	$2,117,000	–	22,421	–	1.46%	–
CRM	New	SALESFORCE INC	$1,983,000	–	12,013	–	1.36%	–
MRK	New	MERCK & CO INC	$1,942,000	–	21,298	–	1.34%	–
MMM	New	3M CO	$1,928,000	–	14,900	–	1.33%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$1,736,000	–	21,236	–	1.20%	–
IWM	New	ISHARES TRrussell 2000 etf	$1,706,000	–	10,074	–	1.17%	–
SCZ	New	ISHARES TReafe sml cp etf	$1,604,000	–	29,380	–	1.10%	–
MSFT	New	MICROSOFT CORP	$1,484,000	–	5,780	–	1.02%	–
CVX	New	CHEVRON CORP NEW	$1,468,000	–	10,140	–	1.01%	–
TXN	New	TEXAS INSTRS INC	$1,314,000	–	8,550	–	0.90%	–
GS	New	GOLDMAN SACHS GROUP INC	$1,239,000	–	4,170	–	0.85%	–
EWJ	New	ISHARES INCmsci jpn etf new	$1,038,000	–	19,654	–	0.71%	–
SHV	New	ISHARES TRshort treas bd	$989,000	–	8,981	–	0.68%	–
EOG	New	EOG RES INC	$975,000	–	8,825	–	0.67%	–
BP	New	BP PLCsponsored adr	$949,000	–	33,480	–	0.65%	–
JNJ	New	JOHNSON & JOHNSON	$935,000	–	5,270	–	0.64%	–
BAC	New	BK OF AMERICA CORP	$757,000	–	24,304	–	0.52%	–
IGF	New	ISHARES TRglb infrastr etf	$584,000	–	12,498	–	0.40%	–
AME	New	AMETEK INC	$577,000	–	5,252	–	0.40%	–
	New	SHELL PLCspon ads	$555,000	–	10,620	–	0.38%	–
IEI	New	ISHARES TR3 7 yr treas bd	$537,000	–	4,500	–	0.37%	–
ABT	New	ABBOTT LABS	$531,000	–	4,884	–	0.36%	–
C	New	CITIGROUP INC	$492,000	–	10,695	–	0.34%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$457,000	–	1,400	–	0.31%	–
ROL	New	ROLLINS INC	$437,000	–	12,500	–	0.30%	–
ALC	New	ALCON AG	$383,000	–	5,500	–	0.26%	–
JCI	New	JOHNSON CTLS INTL PLC	$373,000	–	7,800	–	0.26%	–
HD	New	HOME DEPOT INC	$357,000	–	1,300	–	0.25%	–
COO	New	COOPER COS INC	$344,000	–	1,100	–	0.24%	–
USB	New	US BANCORP DEL	$331,000	–	7,200	–	0.23%	–
MU	New	MICRON TECHNOLOGY INC	$332,000	–	6,000	–	0.23%	–
EZU	New	ISHARES INCmsci eurzone etf	$332,000	–	9,140	–	0.23%	–
TJX	New	TJX COS INC NEW	$302,000	–	5,400	–	0.21%	–
PICK	New	ISHARES INCmsci gbl etf new	$229,000	–	6,428	–	0.16%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$229,000	–	3,200	–	0.16%	–
	New	ON HLDG AGnamen akt a	$196,000	–	11,100	–	0.14%	–

Q4 2021

			Value		Shares		↓ Weighting
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-1,400	–	-0.13%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-4,300	–	-0.15%	–
HEWJ	Exit	ISHARES TRhdg msci japan	$0	–	-7,320	–	-0.18%	–
TJX	Exit	TJX COS INC NEW	$0	–	-5,400	–	-0.22%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-3,590	–	-0.23%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-6,000	–	-0.26%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,300	–	-0.26%	–
USB	Exit	US BANCORP DEL	$0	–	-7,200	–	-0.26%	–
C	Exit	CITIGROUP INC	$0	–	-6,165	–	-0.27%	–
ALC	Exit	ALCON AG	$0	–	-5,500	–	-0.28%	–
COO	Exit	COOPER COS INC	$0	–	-1,100	–	-0.28%	–
EOG	Exit	EOG RES INC	$0	–	-5,700	–	-0.28%	–
PFE	Exit	PFIZER INC	$0	–	-10,900	–	-0.29%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-10,800	–	-0.30%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-1,500	–	-0.32%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-7,800	–	-0.33%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-1,400	–	-0.35%	–
AME	Exit	AMETEK INC	$0	–	-5,100	–	-0.39%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-4,000	–	-0.48%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-7,750	–	-0.49%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-17,380	–	-0.52%	–
BP	Exit	BP PLCsponsored adr	$0	–	-31,680	–	-0.54%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-23,659	–	-0.62%	–
ABT	Exit	ABBOTT LABS	$0	–	-9,271	–	-0.68%	–
MMM	Exit	3M CO	$0	–	-6,600	–	-0.72%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-18,000	–	-0.84%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-19,654	–	-0.85%	–
MRK	Exit	MERCK & CO INC	$0	–	-19,315	–	-0.90%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-24,020	–	-1.10%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-4,870	–	-1.14%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-18,174	–	-1.25%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-10,500	–	-1.26%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-9,414	–	-1.27%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-7,790	–	-1.36%	–
NKE	Exit	NIKE INCcl b	$0	–	-15,134	–	-1.36%	–
SDY	Exit	SPDR SER TRs&p divid etf	$0	–	-21,310	–	-1.55%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-15,950	–	-1.59%	–
GLD	Exit	SPDR GOLD TR	$0	–	-16,770	–	-1.70%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-22,675	–	-1.76%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-10,630	–	-1.80%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-20,815	–	-1.83%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-35,000	–	-1.84%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-24,715	–	-1.86%	–
CWB	Exit	SPDR SER TRblmbrg brc cnvrt	$0	–	-35,870	–	-1.89%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-10,305	–	-1.94%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-11,833	–	-1.98%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,271	–	-2.09%	–
DIS	Exit	DISNEY WALT CO	$0	–	-22,190	–	-2.32%	–
V	Exit	VISA INC	$0	–	-17,370	–	-2.39%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-18,439	–	-2.42%	–
MCD	Exit	MCDONALDS CORP	$0	–	-17,470	–	-2.60%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-7,601	–	-2.68%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-11,520	–	-2.78%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-101,055	–	-2.90%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-14,040	–	-3.11%	–
PEP	Exit	PEPSICO INC	$0	–	-39,113	–	-3.64%	–
AAPL	Exit	APPLE INC	$0	–	-48,220	–	-4.22%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-20,525	–	-4.31%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-2,621	–	-4.33%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,275	–	-6.65%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-51,496	–	-13.66%	–

Q3 2021

			Value		Shares		↓ Weighting
AMZN	Buy	AMAZON COM INC	$10,759,000	-3.0%	3,275	+1.6%	6.65%	+6.9%
GOOGL	Sell	ALPHABET INCcap stk cl a	$7,007,000	+5.7%	2,621	-3.5%	4.33%	+16.5%
FB	Buy	FACEBOOK INCcl a	$6,966,000	+1.0%	20,525	+3.4%	4.31%	+11.3%
PEP	Sell	PEPSICO INC	$5,883,000	+1.4%	39,113	-0.2%	3.64%	+11.8%
QQQ	Sell	INVESCO QQQ TRunit ser 1	$5,026,000	-71.7%	14,040	-72.0%	3.11%	-68.8%
WFC	Buy	WELLS FARGO CO NEW	$4,690,000	+23.9%	101,055	+20.9%	2.90%	+36.6%
UNH	Sell	UNITEDHEALTH GROUP INC	$4,501,000	-16.1%	11,520	-14.0%	2.78%	-7.5%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$4,343,000	+5.1%	7,601	-7.2%	2.68%	+15.9%
MCD	Sell	MCDONALDS CORP	$4,212,000	+4.1%	17,470	-0.3%	2.60%	+14.8%
HON	Sell	HONEYWELL INTL INC	$3,914,000	-18.8%	18,439	-16.1%	2.42%	-10.5%
V	Buy	VISA INC	$3,869,000	+39.3%	17,370	+46.2%	2.39%	+53.5%
DIS	Buy	DISNEY WALT CO	$3,754,000	+1.0%	22,190	+4.9%	2.32%	+11.3%
GOOG	Sell	ALPHABET INCcap stk cl c	$3,388,000	-8.1%	1,271	-13.6%	2.09%	+1.3%
CRM	New	SALESFORCE COM INC	$3,209,000	–	11,833	–	1.98%	–
DHR	Buy	DANAHER CORPORATION	$3,137,000	+15.1%	10,305	+1.5%	1.94%	+26.9%
CWB	Buy	SPDR SER TRblmbrg brc cnvrt	$3,062,000	-0.5%	35,870	+1.1%	1.89%	+9.7%
FIS	Buy	FIDELITY NATL INFORMATION SV	$3,007,000	+10.7%	24,715	+28.9%	1.86%	+22.1%
AAXJ	Buy	ISHARES TRmsci ac asia etf	$2,973,000	-9.2%	35,000	+1.1%	1.84%	+0.2%
EA	Buy	ELECTRONIC ARTS INC	$2,961,000	+1.1%	20,815	+2.3%	1.83%	+11.5%
IWF	Buy	ISHARES TRrus 1000 grw etf	$2,913,000	+2.1%	10,630	+1.1%	1.80%	+12.6%
MDT	Buy	MEDTRONIC PLC	$2,842,000	+74.0%	22,675	+72.4%	1.76%	+91.8%
SDY	Buy	SPDR SER TRs&p divid etf	$2,505,000	-3.3%	21,310	+0.6%	1.55%	+6.7%
MSFT	Sell	MICROSOFT CORP	$2,196,000	-39.9%	7,790	-42.2%	1.36%	-33.7%
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$2,029,000	–	18,174	–	1.25%	–
GS	Sell	GOLDMAN SACHS GROUP INC	$1,841,000	-44.7%	4,870	-44.5%	1.14%	-39.1%
SCZ	Buy	ISHARES TReafe sml cp etf	$1,787,000	+1.2%	24,020	+0.9%	1.10%	+11.6%
MRK	Sell	MERCK & CO INC	$1,451,000	-3.8%	19,315	-0.5%	0.90%	+6.0%
ABT	Sell	ABBOTT LABS	$1,095,000	-13.6%	9,271	-15.2%	0.68%	-4.6%
BAC	Sell	BK OF AMERICA CORP	$1,004,000	-4.2%	23,659	-6.9%	0.62%	+5.6%
BP	Buy	BP PLCsponsored adr	$866,000	+532.1%	31,680	+0.6%	0.54%	+594.8%
EZU	Buy	ISHARES INCmsci eurzone etf	$836,000	+1.0%	17,380	+3.6%	0.52%	+11.4%
CVX	Buy	CHEVRON CORP NEW	$786,000	-1.9%	7,750	+1.3%	0.49%	+8.2%
RDSA	Buy	ROYAL DUTCH SHELL PLCspons adr a	$481,000	+124.8%	10,800	+1.9%	0.30%	+147.5%
PFE	Sell	PFIZER INC	$469,000	-43.4%	10,900	-48.5%	0.29%	-37.6%
EOG	Sell	EOG RES INC	$458,000	-19.2%	5,700	-16.2%	0.28%	-11.0%
VNQ	Buy	VANGUARD INDEX FDSreal estate etf	$365,000	+5.2%	3,590	+5.3%	0.23%	+15.9%
HEWJ	Buy	ISHARES TRhdg msci japan	$294,000	+10.9%	7,320	+7.3%	0.18%	+22.1%
PINS	Exit	PINTEREST INCcl a	$0	–	-2,700	–	-0.12%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-1,400	–	-0.14%	–
ZBRA	Exit	ZEBRA TECHNOLOGIES CORPORATIcl a	$0	–	-650	–	-0.19%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-4,600	–	-0.21%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-780	–	-0.26%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-3,980	–	-0.30%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-5,232	–	-0.33%	–
RSP	Exit	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$0	–	-37,290	–	-3.15%	–

Q2 2021

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$22,043,000	–	51,496	–	12.36%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$17,771,000	–	50,140	–	9.96%	–
AMZN	New	AMAZON COM INC	$11,091,000	–	3,224	–	6.22%	–
FB	New	FACEBOOK INCcl a	$6,900,000	–	19,845	–	3.87%	–
GOOGL	New	ALPHABET INCcap stk cl a	$6,632,000	–	2,716	–	3.72%	–
AAPL	New	APPLE INC	$6,604,000	–	48,220	–	3.70%	–
PEP	New	PEPSICO INC	$5,804,000	–	39,173	–	3.25%	–
RSP	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$5,621,000	–	37,290	–	3.15%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,366,000	–	13,400	–	3.01%	–
HON	New	HONEYWELL INTL INC	$4,821,000	–	21,980	–	2.70%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$4,132,000	–	8,191	–	2.32%	–
MCD	New	MCDONALDS CORP	$4,047,000	–	17,520	–	2.27%	–
WFC	New	WELLS FARGO CO NEW	$3,784,000	–	83,555	–	2.12%	–
DIS	New	DISNEY WALT CO	$3,718,000	–	21,150	–	2.08%	–
GOOG	New	ALPHABET INCcap stk cl c	$3,687,000	–	1,471	–	2.07%	–
MSFT	New	MICROSOFT CORP	$3,652,000	–	13,480	–	2.05%	–
GS	New	GOLDMAN SACHS GROUP INC	$3,332,000	–	8,780	–	1.87%	–
AAXJ	New	ISHARES TRmsci ac asia etf	$3,273,000	–	34,630	–	1.84%	–
CWB	New	SPDR SER TRblmbrg brc cnvrt	$3,076,000	–	35,470	–	1.72%	–
EA	New	ELECTRONIC ARTS INC	$2,928,000	–	20,355	–	1.64%	–
IWF	New	ISHARES TRrus 1000 grw etf	$2,853,000	–	10,510	–	1.60%	–
V	New	VISA INC	$2,778,000	–	11,880	–	1.56%	–
GLD	New	SPDR GOLD TR	$2,778,000	–	16,770	–	1.56%	–
DHR	New	DANAHER CORPORATION	$2,725,000	–	10,155	–	1.53%	–
FIS	New	FIDELITY NATL INFORMATION SV	$2,717,000	–	19,175	–	1.52%	–
JNJ	New	JOHNSON & JOHNSON	$2,628,000	–	15,950	–	1.47%	–
SDY	New	SPDR SER TRs&p divid etf	$2,590,000	–	21,180	–	1.45%	–
NKE	New	NIKE INCcl b	$2,338,000	–	15,134	–	1.31%	–
IWM	New	ISHARES TRrussell 2000 etf	$2,159,000	–	9,414	–	1.21%	–
ZTS	New	ZOETIS INCcl a	$1,957,000	–	10,500	–	1.10%	–
SCZ	New	ISHARES TReafe sml cp etf	$1,765,000	–	23,800	–	0.99%	–
MDT	New	MEDTRONIC PLC	$1,633,000	–	13,155	–	0.92%	–
MRK	New	MERCK & CO INC	$1,509,000	–	19,405	–	0.85%	–
CL	New	COLGATE PALMOLIVE CO	$1,464,000	–	18,000	–	0.82%	–
EWJ	New	ISHARES INCmsci jpn etf new	$1,327,000	–	19,654	–	0.74%	–
MMM	New	3M CO	$1,311,000	–	6,600	–	0.74%	–
ABT	New	ABBOTT LABS	$1,267,000	–	10,931	–	0.71%	–
BAC	New	BK OF AMERICA CORP	$1,048,000	–	25,409	–	0.59%	–
PFE	New	PFIZER INC	$829,000	–	21,180	–	0.46%	–
EZU	New	ISHARES INCmsci eurzone etf	$828,000	–	16,780	–	0.46%	–
CVX	New	CHEVRON CORP NEW	$801,000	–	7,650	–	0.45%	–
TXN	New	TEXAS INSTRS INC	$769,000	–	4,000	–	0.43%	–
AME	New	AMETEK INC	$681,000	–	5,100	–	0.38%	–
SBUX	New	STARBUCKS CORP	$585,000	–	5,232	–	0.33%	–
EOG	New	EOG RES INC	$567,000	–	6,800	–	0.32%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$558,000	–	1,400	–	0.31%	–
MA	New	MASTERCARD INCORPORATEDcl a	$548,000	–	1,500	–	0.31%	–
PG	New	PROCTER AND GAMBLE CO	$537,000	–	3,980	–	0.30%	–
JCI	New	JOHNSON CTLS INTL PLC	$535,000	–	7,800	–	0.30%	–
MU	New	MICRON TECHNOLOGY INC	$510,000	–	6,000	–	0.29%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$457,000	–	780	–	0.26%	–
C	New	CITIGROUP INC	$436,000	–	6,165	–	0.24%	–
COO	New	COOPER COS INC	$436,000	–	1,100	–	0.24%	–
HD	New	HOME DEPOT INC	$415,000	–	1,300	–	0.23%	–
USB	New	US BANCORP DEL	$410,000	–	7,200	–	0.23%	–
ALC	New	ALCON AG	$385,000	–	5,500	–	0.22%	–
OTIS	New	OTIS WORLDWIDE CORP	$376,000	–	4,600	–	0.21%	–
TJX	New	TJX COS INC NEW	$364,000	–	5,400	–	0.20%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$347,000	–	3,410	–	0.20%	–
ZBRA	New	ZEBRA TECHNOLOGIES CORPORATIcl a	$344,000	–	650	–	0.19%	–
HEWJ	New	ISHARES TRhdg msci japan	$265,000	–	6,820	–	0.15%	–
ALXN	New	ALEXION PHARMACEUTICALS INC	$257,000	–	1,400	–	0.14%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$214,000	–	10,600	–	0.12%	–
PINS	New	PINTEREST INCcl a	$213,000	–	2,700	–	0.12%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$207,000	–	1,400	–	0.12%	–
AIG	New	AMERICAN INTL GROUP INC	$205,000	–	4,300	–	0.12%	–
BP	New	BP PLCsponsored adr	$137,000	–	31,480	–	0.08%	–

Q4 2020

			Value		Shares		↓ Weighting
BP	Exit	BP PLCsponsored adr	$0	–	-32,280	–	-0.06%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-11,200	–	-0.09%	–
EOG	Exit	EOG RES INC	$0	–	-6,800	–	-0.16%	–
USB	Exit	US BANCORP DEL	$0	–	-7,200	–	-0.17%	–
HEWJ	Exit	ISHARES TRhdg msci japan	$0	–	-8,620	–	-0.18%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-6,000	–	-0.18%	–
TJX	Exit	TJX COS INC NEW	$0	–	-5,400	–	-0.20%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-7,800	–	-0.21%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-11,900	–	-0.22%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,300	–	-0.24%	–
COO	Exit	COOPER COS INC	$0	–	-1,100	–	-0.24%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-4,910	–	-0.25%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-13,700	–	-0.27%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-6,900	–	-0.29%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-1,400	–	-0.29%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-19,409	–	-0.31%	–
C	Exit	CITIGROUP INC	$0	–	-11,265	–	-0.32%	–
AME	Exit	AMETEK INC	$0	–	-5,100	–	-0.33%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-7,542	–	-0.42%	–
IEI	Exit	ISHARES TR3 7 yr treas bd	$0	–	-5,120	–	-0.45%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-20,370	–	-0.51%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-11,800	–	-0.56%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-601	–	-0.58%	–
SHY	Exit	ISHARES TR1 3 yr treas bd	$0	–	-10,800	–	-0.61%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-9,155	–	-0.62%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-7,320	–	-0.71%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-19,654	–	-0.76%	–
ABT	Exit	ABBOTT LABS	$0	–	-11,221	–	-0.80%	–
V	Exit	VISA INC	$0	–	-6,600	–	-0.86%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-9,500	–	-0.93%	–
SCZ	Exit	ISHARES TReafe sml cp etf	$0	–	-24,800	–	-0.96%	–
NKE	Exit	NIKE INCcl b	$0	–	-12,594	–	-1.04%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-8,880	–	-1.17%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-15,700	–	-1.20%	–
ESML	Exit	ISHARES TResg aware msci	$0	–	-70,000	–	-1.22%	–
MCHI	Exit	ISHARES TRmsci china etf	$0	–	-26,920	–	-1.31%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-85,220	–	-1.31%	–
SDY	Exit	SPDR SER TRs&p divid etf	$0	–	-22,270	–	-1.35%	–
MRK	Exit	MERCK & CO. INC	$0	–	-28,685	–	-1.56%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-11,760	–	-1.62%	–
PFE	Exit	PFIZER INC	$0	–	-71,080	–	-1.71%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-17,855	–	-1.72%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-35,830	–	-1.81%	–
GLD	Exit	SPDR GOLD TR	$0	–	-17,190	–	-2.00%	–
DIS	Exit	DISNEY WALT CO	$0	–	-25,660	–	-2.09%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-24,967	–	-2.13%	–
MCD	Exit	MCDONALDS CORP	$0	–	-15,080	–	-2.17%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-19,380	–	-2.74%	–
RSP	Exit	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$0	–	-39,430	–	-2.79%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-20,950	–	-3.60%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-34,410	–	-3.71%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-13,021	–	-3.77%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-19,140	–	-3.91%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-21,490	–	-3.91%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-4,184	–	-4.02%	–
PEP	Exit	PEPSICO INC	$0	–	-44,763	–	-4.07%	–
AAPL	Exit	APPLE INC	$0	–	-58,700	–	-4.46%	–
AMZN	Exit	AMAZON COM INC	$0	–	-2,811	–	-5.80%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-86,782	–	-19.05%	–

Q3 2020

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$29,062,000	-3.3%	86,782	-10.9%	19.05%	-5.9%
AMZN	Buy	AMAZON COM INC	$8,851,000	+17.0%	2,811	+2.6%	5.80%	+13.9%
AAPL	Buy	APPLE INC	$6,798,000	+10.7%	58,700	+248.6%	4.46%	+7.7%
PEP	Sell	PEPSICO INC	$6,204,000	+4.4%	44,763	-0.4%	4.07%	+1.6%
GOOGL	Sell	ALPHABET INCcap stk cl a	$6,132,000	-8.6%	4,184	-11.6%	4.02%	-11.1%
QQQ	Sell	INVESCO QQQ TRunit ser 1	$5,971,000	+6.7%	21,490	-4.9%	3.91%	+3.8%
UNH	Buy	UNITEDHEALTH GROUP INC	$5,967,000	+7.8%	19,140	+2.0%	3.91%	+5.0%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$5,749,000	-1.2%	13,021	-19.0%	3.77%	-3.9%
HON	Sell	HONEYWELL INTL INC	$5,664,000	+10.7%	34,410	-2.7%	3.71%	+7.8%
FB	Sell	FACEBOOK INCcl a	$5,487,000	+5.7%	20,950	-8.4%	3.60%	+2.8%
RSP	Sell	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$4,263,000	+2.2%	39,430	-3.9%	2.79%	-0.6%
DHR	Sell	DANAHER CORPORATION	$4,173,000	+11.8%	19,380	-8.2%	2.74%	+8.8%
MCD	Sell	MCDONALDS CORP	$3,310,000	+15.9%	15,080	-2.6%	2.17%	+12.7%
EA	Sell	ELECTRONIC ARTS INC	$3,256,000	-3.0%	24,967	-1.8%	2.13%	-5.6%
DIS	Sell	DISNEY WALT CO	$3,184,000	-5.5%	25,660	-15.1%	2.09%	-8.1%
GLD	Sell	SPDR GOLD TR	$3,045,000	+1.3%	17,190	-4.3%	2.00%	-1.4%
AAXJ	New	ISHARES TRmsci ac asia etf	$2,765,000	–	35,830	–	1.81%	–
FIS	Sell	FIDELITY NATL INFORMATION SV	$2,628,000	+8.3%	17,855	-1.3%	1.72%	+5.4%
PFE	Sell	PFIZER INC	$2,609,000	+11.2%	71,080	-0.9%	1.71%	+8.2%
MSFT	Buy	MICROSOFT CORP	$2,473,000	+24.5%	11,760	+20.5%	1.62%	+21.2%
MRK	Sell	MERCK & CO. INC	$2,379,000	+5.5%	28,685	-1.7%	1.56%	+2.6%
SDY	Sell	SPDR SER TRs&p divid etf	$2,058,000	-4.1%	22,270	-5.4%	1.35%	-6.7%
WFC	Sell	WELLS FARGO CO NEW	$2,004,000	-10.0%	85,220	-2.0%	1.31%	-12.4%
MCHI	Sell	ISHARES TRmsci china etf	$1,997,000	+8.2%	26,920	-4.5%	1.31%	+5.3%
GS	Sell	GOLDMAN SACHS GROUP INC	$1,785,000	-11.5%	8,880	-13.0%	1.17%	-13.9%
SCZ	Sell	ISHARES TReafe sml cp etf	$1,463,000	+5.3%	24,800	-4.2%	0.96%	+2.6%
IWM	Sell	ISHARES TRrussell 2000 etf	$1,423,000	+0.4%	9,500	-4.0%	0.93%	-2.2%
V	Sell	VISA INC	$1,320,000	-10.9%	6,600	-14.0%	0.86%	-13.3%
ABT	Sell	ABBOTT LABS	$1,221,000	+13.8%	11,221	-4.3%	0.80%	+10.7%
EWJ	Sell	ISHARES INCmsci jpn etf new	$1,161,000	-34.6%	19,654	-39.2%	0.76%	-36.3%
JNJ	Buy	JOHNSON & JOHNSON	$1,090,000	+11.7%	7,320	+5.5%	0.71%	+8.7%
MDT	Sell	MEDTRONIC PLC	$951,000	+12.5%	9,155	-0.6%	0.62%	+9.5%
SHY	Sell	ISHARES TR1 3 yr treas bd	$934,000	-4.6%	10,800	-4.4%	0.61%	-7.1%
CVX	Sell	CHEVRON CORP NEW	$850,000	-20.7%	11,800	-1.7%	0.56%	-22.9%
EZU	Sell	ISHARES INCmsci eurzone etf	$772,000	-13.9%	20,370	-17.2%	0.51%	-16.2%
VGT	New	VANGUARD WORLD FDSinf tech etf	$436,000	–	1,400	–	0.29%	–
XLE	Sell	SELECT SECTOR SPDR TRenergy	$410,000	-31.9%	13,700	-13.8%	0.27%	-33.6%
VNQ	Sell	VANGUARD INDEX FDSreal estate etf	$388,000	-16.2%	4,910	-16.8%	0.25%	-18.6%
HEWJ	Sell	ISHARES TRhdg msci japan	$275,000	-58.8%	8,620	-60.3%	0.18%	-59.9%
RDSA	Sell	ROYAL DUTCH SHELL PLCspons adr a	$142,000	-24.9%	11,200	-4.3%	0.09%	-26.8%
BP	Sell	BP PLCsponsored adr	$94,000	-24.8%	32,280	-1.9%	0.06%	-26.2%
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,500	–	-0.16%	–
INDA	Exit	ISHARES TRmsci india etf	$0	–	-57,100	–	-1.12%	–

Q2 2020

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$30,065,000	–	97,432	–	20.25%	–
AMZN	New	AMAZON COM INC	$7,562,000	–	2,741	–	5.09%	–
GOOGL	New	ALPHABET INCcap stk cl a	$6,710,000	–	4,732	–	4.52%	–
AAPL	New	APPLE INC	$6,143,000	–	16,840	–	4.14%	–
PEP	New	PEPSICO INC	$5,942,000	–	44,928	–	4.00%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$5,821,000	–	16,066	–	3.92%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$5,596,000	–	22,600	–	3.77%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,533,000	–	18,760	–	3.73%	–
FB	New	FACEBOOK INCcl a	$5,193,000	–	22,870	–	3.50%	–
HON	New	HONEYWELL INTL INC	$5,116,000	–	35,380	–	3.44%	–
RSP	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql wgt	$4,173,000	–	41,010	–	2.81%	–
DHR	New	DANAHER CORPORATION	$3,731,000	–	21,100	–	2.51%	–
DIS	New	DISNEY WALT CO	$3,371,000	–	30,230	–	2.27%	–
EA	New	ELECTRONIC ARTS INC	$3,356,000	–	25,417	–	2.26%	–
GLD	New	SPDR GOLD TR	$3,006,000	–	17,960	–	2.02%	–
MCD	New	MCDONALDS CORP	$2,857,000	–	15,490	–	1.92%	–
FIS	New	FIDELITY NATL INFORMATION SV	$2,426,000	–	18,090	–	1.63%	–
PFE	New	PFIZER INC	$2,347,000	–	71,760	–	1.58%	–
MRK	New	MERCK & CO. INC	$2,256,000	–	29,170	–	1.52%	–
WFC	New	WELLS FARGO CO NEW	$2,226,000	–	86,970	–	1.50%	–
SDY	New	SPDR SER TRs&p divid etf	$2,147,000	–	23,540	–	1.45%	–
GS	New	GOLDMAN SACHS GROUP INC	$2,018,000	–	10,210	–	1.36%	–
MSFT	New	MICROSOFT CORP	$1,986,000	–	9,760	–	1.34%	–
MCHI	New	ISHARES TRmsci china etf	$1,846,000	–	28,200	–	1.24%	–
EWJ	New	ISHARES INCmsci jpn etf new	$1,775,000	–	32,314	–	1.20%	–
ESML	New	ISHARES TResg msci usa sml	$1,755,000	–	70,000	–	1.18%	–
INDA	New	ISHARES TRmsci india etf	$1,656,000	–	57,100	–	1.12%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$1,640,000	–	15,700	–	1.10%	–
V	New	VISA INC	$1,482,000	–	7,670	–	1.00%	–
IWM	New	ISHARES TRrussell 2000 etf	$1,417,000	–	9,900	–	0.95%	–
SCZ	New	ISHARES TReafe sml cp etf	$1,389,000	–	25,900	–	0.94%	–
NKE	New	NIKE INCcl b	$1,235,000	–	12,594	–	0.83%	–
ABT	New	ABBOTT LABS	$1,073,000	–	11,731	–	0.72%	–
CVX	New	CHEVRON CORP NEW	$1,072,000	–	12,010	–	0.72%	–
SHY	New	ISHARES TR1 3 yr treas bd	$979,000	–	11,300	–	0.66%	–
JNJ	New	JOHNSON & JOHNSON	$976,000	–	6,940	–	0.66%	–
EZU	New	ISHARES INCmsci eurzone etf	$897,000	–	24,600	–	0.60%	–
GOOG	New	ALPHABET INCcap stk cl c	$850,000	–	601	–	0.57%	–
MDT	New	MEDTRONIC PLC	$845,000	–	9,210	–	0.57%	–
IEI	New	ISHARES TR3 7 yr treas bd	$684,000	–	5,120	–	0.46%	–
HEWJ	New	ISHARES TRhdg msci japan	$667,000	–	21,700	–	0.45%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$602,000	–	15,900	–	0.40%	–
C	New	CITIGROUP INC	$576,000	–	11,265	–	0.39%	–
SBUX	New	STARBUCKS CORP	$555,000	–	7,542	–	0.37%	–
GILD	New	GILEAD SCIENCES INC	$531,000	–	6,900	–	0.36%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$463,000	–	5,900	–	0.31%	–
BAC	New	BK OF AMERICA CORP	$461,000	–	19,409	–	0.31%	–
AME	New	AMETEK INC	$456,000	–	5,100	–	0.31%	–
AIG	New	AMERICAN INTL GROUP INC	$371,000	–	11,900	–	0.25%	–
EOG	New	EOG RES INC	$344,000	–	6,800	–	0.23%	–
HD	New	HOME DEPOT INC	$326,000	–	1,300	–	0.22%	–
COO	New	COOPER COS INC	$312,000	–	1,100	–	0.21%	–
MU	New	MICRON TECHNOLOGY INC	$309,000	–	6,000	–	0.21%	–
TJX	New	TJX COS INC NEW	$273,000	–	5,400	–	0.18%	–
JCI	New	JOHNSON CTLS INTL PLC	$266,000	–	7,800	–	0.18%	–
USB	New	US BANCORP DEL	$265,000	–	7,200	–	0.18%	–
PM	New	PHILIP MORRIS INTL INC	$245,000	–	3,500	–	0.16%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$189,000	–	11,700	–	0.13%	–
BP	New	BP PLCsponsored adr	$125,000	–	32,900	–	0.08%	–

Q4 2019

			Value		Shares		↓ Weighting
PBR	Exit	PETROLEO BRASILEIRO SA PETROsponsored adr	$0	–	-11,500	–	-0.04%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,500	–	-0.12%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-3,700	–	-0.15%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-4,050	–	-0.17%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-6,900	–	-0.19%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-5,700	–	-0.24%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-7,542	–	-0.29%	–
EOG	Exit	EOG RES INC	$0	–	-9,140	–	-0.30%	–
MRK	Exit	MERCK & CO INC	$0	–	-8,800	–	-0.33%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-18,900	–	-0.36%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-6,270	–	-0.36%	–
HEWJ	Exit	ISHARES TRhdg msci japan	$0	–	-27,200	–	-0.37%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-21,900	–	-0.37%	–
COO	Exit	COOPER COS INC	$0	–	-3,000	–	-0.39%	–
HD	Exit	HOME DEPOT INC	$0	–	-3,850	–	-0.39%	–
TJX	Exit	TJX COS INC NEW	$0	–	-16,180	–	-0.40%	–
AME	Exit	AMETEK INC NEW	$0	–	-10,000	–	-0.40%	–
USB	Exit	US BANCORP DEL	$0	–	-16,680	–	-0.41%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-22,800	–	-0.41%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-3	–	-0.41%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-15,900	–	-0.41%	–
SHY	Exit	ISHARES TR1 3 yr treas bd	$0	–	-11,200	–	-0.42%	–
WBC	Exit	WABCO HLDGS INC	$0	–	-7,180	–	-0.42%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-10,400	–	-0.47%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-7,250	–	-0.48%	–
BAC	Exit	BANK AMER CORP	$0	–	-39,609	–	-0.51%	–
C	Exit	CITIGROUP INC	$0	–	-18,445	–	-0.56%	–
IEI	Exit	ISHARES TR3 7 yr treas bd	$0	–	-10,610	–	-0.59%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-24,970	–	-0.61%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-18,100	–	-0.64%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-14,420	–	-0.75%	–
ESML	Exit	ISHARES TResg msci usa sml	$0	–	-70,000	–	-0.82%	–
FIS	Exit	FIDELITY NATL INFORMATION SV	$0	–	-14,460	–	-0.84%	–
PFE	Exit	PFIZER INC	$0	–	-59,900	–	-0.95%	–
NKE	Exit	NIKE INCcl b	$0	–	-23,184	–	-0.96%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,794	–	-0.96%	–
ABT	Exit	ABBOTT LABS	$0	–	-26,171	–	-0.96%	–
V	Exit	VISA INC	$0	–	-13,990	–	-1.06%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-20,220	–	-1.24%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-14,080	–	-1.28%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-32,635	–	-1.40%	–
CELG	Exit	CELGENE CORP	$0	–	-35,140	–	-1.53%	–
INDA	Exit	ISHARES TRmsci india etf	$0	–	-105,800	–	-1.56%	–
MCHI	Exit	ISHARES TRmsci china etf	$0	–	-67,800	–	-1.67%	–
MCD	Exit	MCDONALDS CORP	$0	–	-18,485	–	-1.74%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-28,570	–	-1.81%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-22,590	–	-2.16%	–
AAPL	Exit	APPLE INC	$0	–	-23,765	–	-2.34%	–
DIS	Exit	DISNEY WALT CO	$0	–	-42,590	–	-2.44%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-32,516	–	-2.54%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,383	–	-2.58%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-120,840	–	-2.68%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-23,491	–	-3.01%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-6,047	–	-3.24%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-44,080	–	-3.28%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-148,700	–	-3.30%	–
PEP	Exit	PEPSICO INC	$0	–	-56,808	–	-3.42%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-81,690	–	-3.68%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-61,150	–	-5.07%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-226,362	–	-29.52%	–

Q3 2019

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$67,187,000	-0.4%	226,362	-1.6%	29.52%	-0.4%
SDY	Sell	SPDR SERIES TRUSTs&p divid etf	$8,381,000	-9.2%	81,690	-10.7%	3.68%	-9.3%
PEP	Sell	PEPSICO INC	$7,788,000	+4.3%	56,808	-0.3%	3.42%	+4.2%
DXJ	Buy	WISDOMTREE TRjapn hedge eqt	$7,503,000	+5.2%	148,700	+1.6%	3.30%	+5.2%
HON	Sell	HONEYWELL INTL INC	$7,458,000	-7.3%	44,080	-4.3%	3.28%	-7.4%
GOOGL	Sell	ALPHABET INCcap stk cl a	$7,384,000	+7.3%	6,047	-4.8%	3.24%	+7.2%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$6,842,000	-2.6%	23,491	-1.8%	3.01%	-2.7%
WFC	Sell	WELLS FARGO CO NEW	$6,095,000	+4.4%	120,840	-2.1%	2.68%	+4.3%
AMZN	Sell	AMAZON COM INC	$5,873,000	-11.6%	3,383	-3.5%	2.58%	-11.6%
FB	Sell	FACEBOOK INCcl a	$5,790,000	-12.1%	32,516	-4.7%	2.54%	-12.2%
DIS	Sell	DISNEY WALT CO	$5,550,000	-8.2%	42,590	-1.6%	2.44%	-8.3%
AAPL	Sell	APPLE INC	$5,323,000	+2.5%	23,765	-9.4%	2.34%	+2.4%
UNH	Sell	UNITEDHEALTH GROUP INC	$4,909,000	-11.6%	22,590	-0.8%	2.16%	-11.7%
DHR	Sell	DANAHER CORPORATION	$4,126,000	-2.1%	28,570	-3.1%	1.81%	-2.2%
MCD	Sell	MCDONALDS CORP	$3,969,000	+1.7%	18,485	-1.6%	1.74%	+1.6%
MCHI	Buy	ISHARES TRmsci china etf	$3,802,000	-0.9%	67,800	+5.1%	1.67%	-0.9%
INDA	Buy	ISHARES TRmsci india etf	$3,553,000	+0.5%	105,800	+5.6%	1.56%	+0.5%
CELG	Sell	CELGENE CORP	$3,489,000	+3.0%	35,140	-4.1%	1.53%	+3.0%
EA	Buy	ELECTRONIC ARTS INC	$3,192,000	+3.5%	32,635	+7.1%	1.40%	+3.4%
GS	Sell	GOLDMAN SACHS GROUP INC	$2,918,000	-6.2%	14,080	-7.4%	1.28%	-6.3%
V	Buy	VISA INC	$2,406,000	+7.7%	13,990	+8.7%	1.06%	+7.6%
NKE	Buy	NIKE INCcl b	$2,177,000	+47.5%	23,184	+31.8%	0.96%	+47.3%
PFE	Buy	PFIZER INC	$2,152,000	+135.4%	59,900	+183.9%	0.95%	+135.3%
FIS	Buy	FIDELITY NATL INFORMATION SV	$1,920,000	+174.7%	14,460	+153.7%	0.84%	+174.9%
CVX	Buy	CHEVRON CORP NEW	$1,710,000	+49.2%	14,420	+56.6%	0.75%	+49.0%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$1,458,000	+0.6%	18,100	-2.5%	0.64%	+0.6%
EZU	Sell	ISHARES INCmsci eurzone etf	$852,000	-11.0%	21,900	-9.5%	0.37%	-11.2%
JNJ	Buy	JOHNSON & JOHNSON	$811,000	+31.7%	6,270	+41.9%	0.36%	+31.4%
MU	Sell	MICRON TECHNOLOGY INC	$810,000	-8.0%	18,900	-17.1%	0.36%	-8.0%
VNQ	New	VANGUARD INDEX FDSreal estate etf	$345,000	–	3,700	–	0.15%	–
PM	New	PHILIP MORRIS INTL INC	$266,000	–	3,500	–	0.12%	–
INDY	Exit	ISHARES TRindia 50 etf	$0	–	-10,200	–	-0.17%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-43,200	–	-0.52%	–

Q2 2019

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$67,429,000	–	230,071	–	29.65%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$11,419,000	–	61,150	–	5.02%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$9,230,000	–	91,490	–	4.06%	–
HON	New	HONEYWELL INTL INC	$8,045,000	–	46,080	–	3.54%	–
PEP	New	PEPSICO INC	$7,469,000	–	56,958	–	3.28%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$7,130,000	–	146,404	–	3.14%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,024,000	–	23,916	–	3.09%	–
GOOGL	New	ALPHABET INCcap stk cl a	$6,880,000	–	6,354	–	3.02%	–
AMZN	New	AMAZON COM INC	$6,641,000	–	3,507	–	2.92%	–
FB	New	FACEBOOK INCcl a	$6,586,000	–	34,126	–	2.90%	–
DIS	New	DISNEY WALT CO	$6,045,000	–	43,290	–	2.66%	–
WFC	New	WELLS FARGO CO NEW	$5,839,000	–	123,390	–	2.57%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,556,000	–	22,770	–	2.44%	–
AAPL	New	APPLE INC	$5,194,000	–	26,245	–	2.28%	–
DHR	New	DANAHER CORPORATION	$4,215,000	–	29,490	–	1.85%	–
MCD	New	MCDONALDS CORP	$3,902,000	–	18,790	–	1.72%	–
MCHI	New	ISHARES TRmsci china etf	$3,835,000	–	64,500	–	1.69%	–
INDA	New	ISHARES TRmsci india etf	$3,535,000	–	100,200	–	1.55%	–
CELG	New	CELGENE CORP	$3,386,000	–	36,630	–	1.49%	–
GS	New	GOLDMAN SACHS GROUP INC	$3,112,000	–	15,210	–	1.37%	–
EA	New	ELECTRONIC ARTS INC	$3,085,000	–	30,465	–	1.36%	–
MSFT	New	MICROSOFT CORP	$2,709,000	–	20,220	–	1.19%	–
V	New	VISA INC	$2,234,000	–	12,870	–	0.98%	–
ABT	New	ABBOTT LABS	$2,201,000	–	26,171	–	0.97%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,939,000	–	1,794	–	0.85%	–
ESML	New	ISHARES TResg msci usa sml	$1,888,000	–	70,000	–	0.83%	–
NKE	New	NIKE INCcl b	$1,476,000	–	17,584	–	0.65%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$1,449,000	–	18,573	–	0.64%	–
IEI	New	ISHARES TR3 7 yr treas bd	$1,334,000	–	10,610	–	0.59%	–
AIG	New	AMERICAN INTL GROUP INC	$1,330,000	–	24,970	–	0.58%	–
C	New	CITIGROUP INC	$1,292,000	–	18,445	–	0.57%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$1,192,000	–	43,200	–	0.52%	–
BAC	New	BANK AMER CORP	$1,149,000	–	39,609	–	0.50%	–
CVX	New	CHEVRON CORP NEW	$1,146,000	–	9,210	–	0.50%	–
IWM	New	ISHARES TRrussell 2000 etf	$1,127,000	–	7,250	–	0.50%	–
DVY	New	ISHARES TRselect divid etf	$1,035,000	–	10,400	–	0.46%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$1,013,000	–	15,900	–	0.44%	–
COO	New	COOPER COS INC	$1,011,000	–	3,000	–	0.44%	–
EEM	New	ISHARES TRmsci emg mkt etf	$978,000	–	22,800	–	0.43%	–
EZU	New	ISHARES INCmsci eurzone etf	$957,000	–	24,200	–	0.42%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$955,000	–	3	–	0.42%	–
WBC	New	WABCO HLDGS INC	$952,000	–	7,180	–	0.42%	–
SHY	New	ISHARES TR1 3 yr treas bd	$950,000	–	11,200	–	0.42%	–
PFE	New	PFIZER INC	$914,000	–	21,100	–	0.40%	–
AME	New	AMETEK INC NEW	$908,000	–	10,000	–	0.40%	–
MU	New	MICRON TECHNOLOGY INC	$880,000	–	22,800	–	0.39%	–
USB	New	US BANCORP DEL	$874,000	–	16,680	–	0.38%	–
TJX	New	TJX COS INC NEW	$856,000	–	16,180	–	0.38%	–
EOG	New	EOG RES INC	$851,000	–	9,140	–	0.37%	–
HEWJ	New	ISHARES TRhdg msci japan	$825,000	–	27,200	–	0.36%	–
HD	New	HOME DEPOT INC	$801,000	–	3,850	–	0.35%	–
MRK	New	MERCK & CO INC	$738,000	–	8,800	–	0.32%	–
FIS	New	FIDELITY NATL INFORMATION SV	$699,000	–	5,700	–	0.31%	–
SBUX	New	STARBUCKS CORP	$632,000	–	7,542	–	0.28%	–
JNJ	New	JOHNSON & JOHNSON	$616,000	–	4,420	–	0.27%	–
ALXN	New	ALEXION PHARMACEUTICALS INC	$530,000	–	4,050	–	0.23%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$505,000	–	5,700	–	0.22%	–
GILD	New	GILEAD SCIENCES INC	$466,000	–	6,900	–	0.20%	–
INDY	New	ISHARES TRindia 50 etf	$392,000	–	10,200	–	0.17%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$90,000	–	11,500	–	0.04%	–

Q4 2018

			Value		Shares		↓ Weighting
PBR	Exit	PETROLEO BRASILEIRO SA PETROsponsored adr	$0	–	-11,500	–	-0.02%	–
AMZA	Exit	ETFIS SER TR Iinfrac act mlp	$0	–	-19,320	–	-0.04%	–
SAN	Exit	BANCO SANTANDER SAadr	$0	–	-39,500	–	-0.06%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-1,465	–	-0.08%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,000	–	-0.08%	–
SPXU	Exit	PROSHARES TRultrapro short s	$0	–	-7,668	–	-0.08%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-2,000	–	-0.09%	–
PFPT	Exit	PROOFPOINT INC	$0	–	-2,600	–	-0.09%	–
HEDJ	Exit	WISDOMTREE TReurope hedged eq	$0	–	-4,620	–	-0.09%	–
BOTZ	Exit	GLOBAL X FDSrbtcs artfl inte	$0	–	-12,920	–	-0.09%	–
EWL	Exit	ISHARES INCmsci switzerland	$0	–	-9,900	–	-0.11%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-1,580	–	-0.11%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-6,900	–	-0.12%	–
IGF	Exit	ISHARES TRglb infrastr etf	$0	–	-10,130	–	-0.13%	–
ENOR	Exit	ISHARES TRmsci norway etf	$0	–	-15,920	–	-0.14%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-48,528	–	-0.16%	–
KXI	Exit	ISHARES TRglb cnsm stp etf	$0	–	-10,400	–	-0.16%	–
ROBO	Exit	EXCHANGE TRADED CONCEPTS TRrobo glb etf	$0	–	-12,800	–	-0.17%	–
PFE	Exit	PFIZER INC	$0	–	-15,019	–	-0.21%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-11,075	–	-0.21%	–
CFG	Exit	CITIZENS FINL GROUP INC	$0	–	-17,300	–	-0.21%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-8,350	–	-0.22%	–
MRK	Exit	MERCK & CO INC	$0	–	-11,100	–	-0.25%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-8,480	–	-0.25%	–
SHY	Exit	ISHARES TR1 3 yr treas bd	$0	–	-10,000	–	-0.26%	–
HEWJ	Exit	ISHARES TRhdg msci japan	$0	–	-24,900	–	-0.27%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-6,850	–	-0.30%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-3	–	-0.30%	–
WOOD	Exit	ISHARES TRgl timb fore etf	$0	–	-13,700	–	-0.32%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-10,400	–	-0.32%	–
EWG	Exit	ISHARES INCmsci germany etf	$0	–	-37,340	–	-0.35%	–
IEI	Exit	ISHARES TR3 7 yr treas bd	$0	–	-9,460	–	-0.35%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-9,600	–	-0.35%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-28,570	–	-0.37%	–
AME	Exit	AMETEK INC NEW	$0	–	-16,183	–	-0.40%	–
COO	Exit	COOPER COS INC	$0	–	-4,850	–	-0.42%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-30,400	–	-0.43%	–
USB	Exit	US BANCORP DEL	$0	–	-27,200	–	-0.45%	–
HD	Exit	HOME DEPOT INC	$0	–	-7,050	–	-0.46%	–
NKE	Exit	NIKE INCcl b	$0	–	-17,384	–	-0.46%	–
WBC	Exit	WABCO HLDGS INC	$0	–	-12,980	–	-0.48%	–
IBB	Exit	ISHARES TRnasdaq biotech	$0	–	-13,494	–	-0.51%	–
TJX	Exit	TJX COS INC NEW	$0	–	-14,690	–	-0.51%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-44,800	–	-0.60%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-25,300	–	-0.61%	–
BAC	Exit	BANK AMER CORP	$0	–	-68,979	–	-0.63%	–
EOG	Exit	EOG RES INC	$0	–	-16,090	–	-0.64%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-39,220	–	-0.65%	–
C	Exit	CITIGROUP INC	$0	–	-29,529	–	-0.66%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-18,695	–	-0.71%	–
LLY	Exit	LILLY ELI & CO	$0	–	-23,200	–	-0.78%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-64,860	–	-0.87%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-24,460	–	-0.87%	–
ABT	Exit	ABBOTT LABS	$0	–	-43,600	–	-1.00%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-2,762	–	-1.03%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-34,312	–	-1.16%	–
FXB	Exit	INVESCO CURNCYSHS BRIT PND Sbrit poun strl	$0	–	-30,000	–	-1.18%	–
CELG	Exit	CELGENE CORP	$0	–	-47,740	–	-1.33%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-26,150	–	-1.38%	–
MCD	Exit	MCDONALDS CORP	$0	–	-26,699	–	-1.39%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-65,373	–	-1.54%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-22,220	–	-1.56%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-181,041	–	-1.56%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-21,050	–	-1.75%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-108,870	–	-1.78%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-40,291	–	-2.07%	–
DIS	Exit	DISNEY WALT CO	$0	–	-62,405	–	-2.28%	–
PEP	Exit	PEPSICO INC	$0	–	-66,498	–	-2.32%	–
V	Exit	VISA INC	$0	–	-51,170	–	-2.40%	–
AMZN	Exit	AMAZON COM INC	$0	–	-4,069	–	-2.54%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-84,350	–	-2.58%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-53,632	–	-2.78%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-38,055	–	-2.90%	–
AAPL	Exit	APPLE INC	$0	–	-43,130	–	-3.04%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-174,000	–	-3.15%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-8,484	–	-3.20%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-66,750	–	-3.87%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-267,326	–	-6.32%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-291,371	–	-26.43%	–

Q3 2018

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$84,707,000	+8.4%	291,371	+1.1%	26.43%	-1.0%
XLE	Buy	SELECT SECTOR SPDR TRenergy	$20,247,000	+2.4%	267,326	+2.7%	6.32%	-6.5%
GOOGL	Buy	ALPHABET INCcap stk cl a	$10,241,000	+7.7%	8,484	+0.7%	3.20%	-1.6%
DXJ	Sell	WISDOMTREE TRjapn hedge eqt	$10,083,000	+6.8%	174,000	-0.5%	3.15%	-2.4%
AAPL	Sell	APPLE INC	$9,736,000	+16.5%	43,130	-4.4%	3.04%	+6.4%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$9,288,000	+19.5%	38,055	+1.4%	2.90%	+9.2%
HON	Buy	HONEYWELL INTL INC	$8,924,000	+21.0%	53,632	+4.7%	2.78%	+10.5%
AMZN	Sell	AMAZON COM INC	$8,150,000	+14.1%	4,069	-3.2%	2.54%	+4.2%
V	Buy	VISA INC	$7,680,000	+17.7%	51,170	+3.9%	2.40%	+7.5%
PEP	Buy	PEPSICO INC	$7,434,000	+25.7%	66,498	+22.4%	2.32%	+14.9%
DIS	Buy	DISNEY WALT CO	$7,298,000	+24.0%	62,405	+11.2%	2.28%	+13.3%
FB	Buy	FACEBOOK INCcl a	$6,626,000	-8.8%	40,291	+7.8%	2.07%	-16.7%
WFC	Buy	WELLS FARGO CO NEW	$5,722,000	+5.4%	108,870	+11.1%	1.78%	-3.8%
UNH	Buy	UNITEDHEALTH GROUP INC	$5,600,000	+16.9%	21,050	+7.8%	1.75%	+6.7%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$4,993,000	-0.9%	181,041	-4.4%	1.56%	-9.5%
GS	Buy	GOLDMAN SACHS GROUP INC	$4,983,000	+12.7%	22,220	+10.8%	1.56%	+2.9%
MCD	Buy	MCDONALDS CORP	$4,466,000	+41.7%	26,699	+32.8%	1.39%	+29.5%
CELG	Buy	CELGENE CORP	$4,272,000	+34.3%	47,740	+19.2%	1.33%	+22.7%
DHR	Buy	DANAHER CORP DEL	$3,728,000	+41.3%	34,312	+28.4%	1.16%	+29.1%
GOOG	Sell	ALPHABET INCcap stk cl c	$3,296,000	-3.5%	2,762	-9.8%	1.03%	-11.9%
MSFT	Sell	MICROSOFT CORP	$2,797,000	+6.0%	24,460	-8.6%	0.87%	-3.1%
CVX	Buy	CHEVRON CORP NEW	$2,286,000	+2.2%	18,695	+5.7%	0.71%	-6.7%
C	Sell	CITIGROUP INC	$2,118,000	+2.0%	29,529	-4.8%	0.66%	-6.8%
AIG	Sell	AMERICAN INTL GROUP INC	$2,088,000	-4.0%	39,220	-4.4%	0.65%	-12.4%
BAC	Sell	BANK AMER CORP	$2,032,000	-2.5%	68,979	-6.8%	0.63%	-11.0%
CTSH	Buy	COGNIZANT TECHNOLOGY SOLUTIOcl a	$1,952,000	-0.4%	25,300	+2.0%	0.61%	-9.0%
TJX	Buy	TJX COS INC NEW	$1,646,000	+19.8%	14,690	+1.7%	0.51%	+9.6%
NKE	Buy	NIKE INCcl b	$1,473,000	+8.9%	17,384	+2.4%	0.46%	-0.4%
HD	Buy	HOME DEPOT INC	$1,460,000	+8.1%	7,050	+1.9%	0.46%	-1.1%
EZU	Sell	ISHARES INCmsci eurzone etf	$1,172,000	-1.7%	28,570	-1.7%	0.37%	-10.1%
IEI	Buy	ISHARES TR3 7 yr treas bd	$1,126,000	+4.3%	9,460	+5.1%	0.35%	-4.9%
HEWJ	Buy	ISHARES TRhdg msci japan	$853,000	+14.5%	24,900	+7.8%	0.27%	+4.7%
SHY	Buy	ISHARES TR1 3 yr treas bd	$831,000	+9.5%	10,000	+9.9%	0.26%	0.0%
PG	Buy	PROCTER AND GAMBLE CO	$695,000	+117.2%	8,350	+103.7%	0.22%	+99.1%
PFE	Buy	PFIZER INC	$662,000	+127.5%	15,019	+87.3%	0.21%	+109.1%
AMLP	Sell	ALPS ETF TRalerian mlp	$518,000	-5.0%	48,528	-10.0%	0.16%	-12.9%
KHC	Buy	KRAFT HEINZ CO	$380,000	+23.4%	6,900	+40.8%	0.12%	+13.3%
BIDU	New	BAIDU INCspon adr rep a	$361,000	–	1,580	–	0.11%	–
JNJ	New	JOHNSON & JOHNSON	$276,000	–	2,000	–	0.09%	–
PM	New	PHILIP MORRIS INTL INC	$245,000	–	3,000	–	0.08%	–
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$241,000	-54.5%	1,465	-48.7%	0.08%	-58.6%
EWS	Exit	ISHARES INCmsci singpor etf	$0	–	-11,300	–	-0.09%	–
AAXJ	Exit	ISHARES TRmsci ac asia etf	$0	–	-4,100	–	-0.10%	–

Q2 2018

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$78,175,000	–	288,171	–	26.70%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$19,769,000	–	260,326	–	6.75%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$11,458,000	–	66,750	–	3.91%	–
GOOGL	New	ALPHABET INCcap stk cl a	$9,509,000	–	8,421	–	3.25%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$9,441,000	–	174,900	–	3.22%	–
AAPL	New	APPLE INC	$8,355,000	–	45,134	–	2.85%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$7,819,000	–	84,350	–	2.67%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,773,000	–	37,525	–	2.66%	–
HON	New	HONEYWELL INTL INC	$7,377,000	–	51,212	–	2.52%	–
FB	New	FACEBOOK INCcl a	$7,263,000	–	37,374	–	2.48%	–
AMZN	New	AMAZON COM INC	$7,143,000	–	4,202	–	2.44%	–
V	New	VISA INC	$6,526,000	–	49,270	–	2.23%	–
PEP	New	PEPSICO INC	$5,914,000	–	54,318	–	2.02%	–
DIS	New	DISNEY WALT CO	$5,884,000	–	56,135	–	2.01%	–
WFC	New	WELLS FARGO CO NEW	$5,431,000	–	97,970	–	1.86%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$5,037,000	–	189,441	–	1.72%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,791,000	–	19,530	–	1.64%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$4,541,000	–	65,373	–	1.55%	–
GS	New	GOLDMAN SACHS GROUP INC	$4,422,000	–	20,050	–	1.51%	–
IWM	New	ISHARES TRrussell 2000 etf	$4,283,000	–	26,150	–	1.46%	–
FXB	New	INVESCO CURNCYSHS BRIT PND Sbrit poun strl	$3,842,000	–	30,000	–	1.31%	–
GOOG	New	ALPHABET INCcap stk cl c	$3,417,000	–	3,063	–	1.17%	–
CELG	New	CELGENE CORP	$3,180,000	–	40,040	–	1.09%	–
MCD	New	MCDONALDS CORP	$3,151,000	–	20,109	–	1.08%	–
EEM	New	ISHARES TRmsci emg mkt etf	$2,810,000	–	64,860	–	0.96%	–
ABT	New	ABBOTT LABS	$2,659,000	–	43,600	–	0.91%	–
MSFT	New	MICROSOFT CORP	$2,639,000	–	26,760	–	0.90%	–
DHR	New	DANAHER CORP DEL	$2,638,000	–	26,732	–	0.90%	–
CVX	New	CHEVRON CORP NEW	$2,237,000	–	17,695	–	0.76%	–
AIG	New	AMERICAN INTL GROUP INC	$2,175,000	–	41,020	–	0.74%	–
BAC	New	BANK AMER CORP	$2,085,000	–	73,979	–	0.71%	–
C	New	CITIGROUP INC	$2,076,000	–	31,029	–	0.71%	–
EOG	New	EOG RES INC	$2,002,000	–	16,090	–	0.68%	–
LLY	New	LILLY ELI & CO	$1,980,000	–	23,200	–	0.68%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$1,959,000	–	24,800	–	0.67%	–
MDLZ	New	MONDELEZ INTL INCcl a	$1,837,000	–	44,800	–	0.63%	–
MU	New	MICRON TECHNOLOGY INC	$1,594,000	–	30,400	–	0.54%	–
WBC	New	WABCO HLDGS INC	$1,519,000	–	12,980	–	0.52%	–
IBB	New	ISHARES TRnasdaq biotech	$1,482,000	–	13,494	–	0.51%	–
TJX	New	TJX COS INC NEW	$1,374,000	–	14,440	–	0.47%	–
USB	New	US BANCORP DEL	$1,361,000	–	27,200	–	0.46%	–
NKE	New	NIKE INCcl b	$1,353,000	–	16,984	–	0.46%	–
HD	New	HOME DEPOT INC	$1,350,000	–	6,920	–	0.46%	–
EZU	New	ISHARES INCmsci eurzone etf	$1,192,000	–	29,070	–	0.41%	–
AME	New	AMETEK INC NEW	$1,168,000	–	16,183	–	0.40%	–
COO	New	COOPER COS INC	$1,142,000	–	4,850	–	0.39%	–
EWG	New	ISHARES INCmsci germany etf	$1,119,000	–	37,340	–	0.38%	–
IEI	New	ISHARES TR3 7 yr treas bd	$1,080,000	–	9,000	–	0.37%	–
WOOD	New	ISHARES TRgl timb fore etf	$1,070,000	–	13,700	–	0.37%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$1,049,000	–	9,600	–	0.36%	–
DVY	New	ISHARES TRselect divid etf	$1,016,000	–	10,400	–	0.35%	–
ALXN	New	ALEXION PHARMACEUTICALS INC	$850,000	–	6,850	–	0.29%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$846,000	–	3	–	0.29%	–
SHY	New	ISHARES TR1 3 yr treas bd	$759,000	–	9,100	–	0.26%	–
HEWJ	New	ISHARES TRhdg msci japan	$745,000	–	23,100	–	0.25%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$708,000	–	8,480	–	0.24%	–
CFG	New	CITIZENS FINL GROUP INC	$673,000	–	17,300	–	0.23%	–
MRK	New	MERCK & CO INC	$674,000	–	11,100	–	0.23%	–
EWJ	New	ISHARES INCmsci jpn etf new	$641,000	–	11,075	–	0.22%	–
AMLP	New	ALPS ETF TRalerian mlp	$545,000	–	53,920	–	0.19%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$530,000	–	2,855	–	0.18%	–
ROBO	New	EXCHANGE TRADED CONCEPTS TRrobo glb etf	$512,000	–	12,800	–	0.18%	–
KXI	New	ISHARES TRglb cnsm stp etf	$510,000	–	10,400	–	0.17%	–
ENOR	New	ISHARES TRmsci norway etf	$439,000	–	15,920	–	0.15%	–
IGF	New	ISHARES TRglb infrastr etf	$435,000	–	10,130	–	0.15%	–
EWL	New	ISHARES INCmsci switzerland	$323,000	–	9,900	–	0.11%	–
PG	New	PROCTER AND GAMBLE CO	$320,000	–	4,100	–	0.11%	–
KHC	New	KRAFT HEINZ CO	$308,000	–	4,900	–	0.10%	–
SPXU	New	PROSHARES TRultrapro short s	$307,000	–	7,668	–	0.10%	–
PFPT	New	PROOFPOINT INC	$300,000	–	2,600	–	0.10%	–
AAXJ	New	ISHARES TRmsci ac asia etf	$294,000	–	4,100	–	0.10%	–
HEDJ	New	WISDOMTREE TReurope hedged eq	$292,000	–	4,620	–	0.10%	–
PFE	New	PFIZER INC	$291,000	–	8,019	–	0.10%	–
BOTZ	New	GLOBAL X FDSrbtcs artfl inte	$284,000	–	12,920	–	0.10%	–
EWS	New	ISHARES INCmsci singpor etf	$271,000	–	11,300	–	0.09%	–
SAN	New	BANCO SANTANDER SAadr	$212,000	–	39,500	–	0.07%	–
AMZA	New	ETFIS SER TR Iinfrac act mlp	$141,000	–	19,320	–	0.05%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$58,000	–	11,500	–	0.02%	–

Q4 2017

			Value		Shares		↓ Weighting
PBR	Exit	PETROLEO BRASILEIRO SA PETROsponsored adr	$0	–	-11,500	–	-0.02%	–
SPXU	Exit	PROSHARES TRultrapro short s	$0	–	-10,700	–	-0.04%	–
AMZA	Exit	ETFIS SER TR Iinfrac act mlp	$0	–	-22,630	–	-0.06%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-3,690	–	-0.07%	–
PX	Exit	PRAXAIR INC	$0	–	-1,700	–	-0.07%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-3,570	–	-0.08%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-2,600	–	-0.09%	–
HEDJ	Exit	WISDOMTREE TReurope hedged eq	$0	–	-4,620	–	-0.09%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-1,724	–	-0.09%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-7,400	–	-0.10%	–
ITA	Exit	ISHARES TRus aer def etf	$0	–	-1,920	–	-0.10%	–
HAL	Exit	HALLIBURTON CO	$0	–	-7,489	–	-0.10%	–
EWL	Exit	ISHARES INCmsci sz cap etf	$0	–	-9,900	–	-0.10%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-5,450	–	-0.10%	–
PCAR	Exit	PACCAR INC	$0	–	-5,500	–	-0.12%	–
IGF	Exit	ISHARES TRglb infrastr etf	$0	–	-10,130	–	-0.14%	–
ROBO	Exit	EXCHANGE TRADED CONCEPTS TRrobo glb etf	$0	–	-12,800	–	-0.15%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-40,540	–	-0.16%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-12,200	–	-0.16%	–
KXI	Exit	ISHARES TRglb cnsm stp etf	$0	–	-5,200	–	-0.16%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-9,929	–	-0.16%	–
ARGT	Exit	GLOBAL X FDSgb msci ar etf	$0	–	-19,280	–	-0.18%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-11,075	–	-0.18%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-58,620	–	-0.20%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-8,495	–	-0.23%	–
XLRE	Exit	SELECT SECTOR SPDR TRrl est sel sec	$0	–	-24,908	–	-0.24%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-3	–	-0.25%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-9,600	–	-0.26%	–
WOOD	Exit	ISHARES TRgl timb fore etf	$0	–	-13,700	–	-0.27%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-10,400	–	-0.29%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-7,450	–	-0.31%	–
TJX	Exit	TJX COS INC NEW	$0	–	-14,440	–	-0.32%	–
IBB	Exit	ISHARES TRnasdaq biotech	$0	–	-3,570	–	-0.36%	–
EWG	Exit	ISHARES INCmsci germany etf	$0	–	-37,800	–	-0.37%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-15,880	–	-0.39%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-33,100	–	-0.39%	–
AME	Exit	AMETEK INC NEW	$0	–	-19,885	–	-0.39%	–
HD	Exit	HOME DEPOT INC	$0	–	-8,120	–	-0.40%	–
COO	Exit	COOPER COS INC	$0	–	-5,630	–	-0.40%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-9,880	–	-0.40%	–
BWA	Exit	BORGWARNER INC	$0	–	-28,345	–	-0.43%	–
TSLA	Exit	TESLA INC	$0	–	-4,780	–	-0.49%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-14,145	–	-0.50%	–
CFG	Exit	CITIZENS FINL GROUP INC	$0	–	-44,250	–	-0.50%	–
BAC	Exit	BANK AMER CORP	$0	–	-67,700	–	-0.51%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-40,600	–	-0.52%	–
EOG	Exit	EOG RES INC	$0	–	-18,130	–	-0.52%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-11,220	–	-0.55%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-28,665	–	-0.64%	–
USB	Exit	US BANCORP DEL	$0	–	-40,080	–	-0.64%	–
WBC	Exit	WABCO HLDGS INC	$0	–	-14,510	–	-0.64%	–
LLY	Exit	LILLY ELI & CO	$0	–	-26,000	–	-0.66%	–
C	Exit	CITIGROUP INC	$0	–	-31,089	–	-0.68%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-31,726	–	-0.69%	–
NKE	Exit	NIKE INCcl b	$0	–	-45,428	–	-0.70%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-41,910	–	-0.77%	–
ABT	Exit	ABBOTT LABS	$0	–	-51,150	–	-0.82%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-63,760	–	-0.85%	–
MRK	Exit	MERCK & CO INC	$0	–	-44,880	–	-0.86%	–
MCD	Exit	MCDONALDS CORP	$0	–	-19,619	–	-0.92%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-34,820	–	-1.03%	–
PEP	Exit	PEPSICO INC	$0	–	-31,780	–	-1.06%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-3,735	–	-1.07%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-44,345	–	-1.14%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-26,150	–	-1.16%	–
V	Exit	VISA INC	$0	–	-52,190	–	-1.64%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-23,530	–	-1.67%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-29,610	–	-1.73%	–
AMZN	Exit	AMAZON COM INC	$0	–	-6,591	–	-1.89%	–
DIS	Exit	DISNEY WALT CO	$0	–	-69,055	–	-2.04%	–
CELG	Exit	CELGENE CORP	$0	–	-48,878	–	-2.13%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-137,096	–	-2.26%	–
AAPL	Exit	APPLE INC	$0	–	-54,270	–	-2.50%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-62,544	–	-2.65%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-47,096	–	-2.66%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-97,950	–	-2.67%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-9,315	–	-2.71%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-55,000	–	-2.81%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-68,780	–	-2.99%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-199,400	–	-3.52%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-223,700	–	-3.66%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-303,686	–	-6.22%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-893,886	–	-6.91%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-279,745	–	-21.01%	–

Q3 2017

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$70,280,000	+5.7%	279,745	+1.8%	21.01%	+0.1%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$23,116,000	-0.9%	893,886	-5.4%	6.91%	-6.2%
XLE	Sell	SELECT SECTOR SPDR TRenergy	$20,796,000	+0.1%	303,686	-5.1%	6.22%	-5.3%
DXJ	Buy	WISDOMTREE TRjapn hedge eqt	$12,236,000	+23.4%	223,700	+17.3%	3.66%	+16.8%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$11,785,000	+12.1%	199,400	+3.8%	3.52%	+6.1%
QQQ	Buy	POWERSHARES QQQ TRUSTunit ser 1	$10,004,000	+6.0%	68,780	+0.3%	2.99%	+0.2%
FB	Sell	FACEBOOK INCcl a	$9,398,000	+10.7%	55,000	-2.2%	2.81%	+4.7%
GOOGL	Sell	ALPHABET INCcap stk cl a	$9,070,000	-2.3%	9,315	-6.7%	2.71%	-7.6%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$8,911,000	+26.4%	47,096	+16.6%	2.66%	+19.6%
HON	Buy	HONEYWELL INTL INC	$8,865,000	+10.2%	62,544	+3.6%	2.65%	+4.2%
AAPL	Sell	APPLE INC	$8,364,000	-22.5%	54,270	-27.6%	2.50%	-26.6%
WFC	Buy	WELLS FARGO CO NEW	$7,560,000	+23.5%	137,096	+24.1%	2.26%	+16.9%
CELG	Buy	CELGENE CORP	$7,127,000	+13.3%	48,878	+0.9%	2.13%	+7.1%
DIS	Sell	DISNEY WALT CO	$6,807,000	-12.4%	69,055	-5.6%	2.04%	-17.1%
AMZN	Buy	AMAZON COM INC	$6,336,000	+87.8%	6,591	+89.2%	1.89%	+77.8%
UNH	Buy	UNITEDHEALTH GROUP INC	$5,799,000	+450.7%	29,610	+421.3%	1.73%	+420.4%
GS	Buy	GOLDMAN SACHS GROUP INC	$5,581,000	+274.8%	23,530	+250.7%	1.67%	+254.9%
V	Buy	VISA INC	$5,492,000	+205.5%	52,190	+172.2%	1.64%	+189.1%
IWM	Sell	ISHARES TRrussell 2000 etf	$3,875,000	-3.7%	26,150	-8.4%	1.16%	-8.9%
DHR	Buy	DANAHER CORP DEL	$3,804,000	+22.4%	44,345	+20.4%	1.14%	+15.8%
GOOG	Sell	ALPHABET INCcap stk cl c	$3,582,000	-6.5%	3,735	-11.4%	1.07%	-11.5%
PEP	Sell	PEPSICO INC	$3,541,000	-12.7%	31,780	-9.5%	1.06%	-17.4%
LYB	Sell	LYONDELLBASELL INDUSTRIES N	$3,449,000	-21.5%	34,820	-33.2%	1.03%	-25.8%
MCD	New	MCDONALDS CORP	$3,074,000	–	19,619	–	0.92%	–
MRK	Sell	MERCK & CO INC	$2,874,000	-2.7%	44,880	-2.6%	0.86%	-7.9%
EEM	Buy	ISHARES TRmsci emg mkt etf	$2,857,000	+20.9%	63,760	+11.7%	0.85%	+14.5%
ABT	Sell	ABBOTT LABS	$2,729,000	-1.4%	51,150	-10.2%	0.82%	-6.6%
AIG	Sell	AMERICAN INTL GROUP INC	$2,573,000	-6.9%	41,910	-5.2%	0.77%	-11.9%
NKE	Sell	NIKE INCcl b	$2,355,000	-16.5%	45,428	-5.0%	0.70%	-21.0%
C	Sell	CITIGROUP INC	$2,261,000	+2.6%	31,089	-5.7%	0.68%	-2.9%
LLY	Sell	LILLY ELI & CO	$2,224,000	+0.8%	26,000	-3.0%	0.66%	-4.6%
USB	Sell	US BANCORP DEL	$2,148,000	-2.4%	40,080	-5.4%	0.64%	-7.6%
MSFT	Buy	MICROSOFT CORP	$2,135,000	+10.6%	28,665	+2.4%	0.64%	+4.6%
COST	Sell	COSTCO WHSL CORP NEW	$1,843,000	-0.8%	11,220	-3.4%	0.55%	-6.1%
NWL	Buy	NEWELL BRANDS INC	$1,732,000	-17.6%	40,600	+3.6%	0.52%	-22.0%
CFG	Sell	CITIZENS FINL GROUP INC	$1,676,000	+2.9%	44,250	-3.1%	0.50%	-2.7%
TSLA	Sell	TESLA INC	$1,630,000	-21.6%	4,780	-16.9%	0.49%	-25.9%
BWA	Sell	BORGWARNER INC	$1,452,000	-27.1%	28,345	-39.7%	0.43%	-31.0%
ALB	Sell	ALBEMARLE CORP	$1,347,000	-3.9%	9,880	-25.6%	0.40%	-9.0%
AME	Sell	AMETEK INC NEW	$1,313,000	+7.4%	19,885	-1.5%	0.39%	+1.6%
IBB	New	ISHARES TRnasdaq biotech	$1,191,000	–	3,570	–	0.36%	–
TJX	Sell	TJX COS INC NEW	$1,065,000	-19.6%	14,440	-21.3%	0.32%	-23.9%
WOOD	Buy	ISHARES TRgl timb fore etf	$916,000	+137.3%	13,700	+117.5%	0.27%	+124.6%
AMLP	Sell	ALPS ETF TRalerian mlp	$658,000	-41.3%	58,620	-37.5%	0.20%	-44.4%
SBUX	Sell	STARBUCKS CORP	$533,000	-53.7%	9,929	-49.7%	0.16%	-56.2%
EZU	New	ISHARES INCmsci eurzone etf	$529,000	–	12,200	–	0.16%	–
ROBO	New	EXCHANGE TRADED CONCEPTS TRrobo glb etf	$495,000	–	12,800	–	0.15%	–
OXY	Sell	OCCIDENTAL PETE CORP DEL	$350,000	-30.8%	5,450	-35.5%	0.10%	-34.4%
HAL	Sell	HALLIBURTON CO	$345,000	-69.2%	7,489	-71.4%	0.10%	-70.8%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$298,000	+12.0%	1,724	-8.8%	0.09%	+6.0%
DFS	Sell	DISCOVER FINL SVCS	$238,000	-2.5%	3,690	-5.9%	0.07%	-7.8%
SPXU	New	PROSHARES TRultrapro short s	$148,000	–	10,700	–	0.04%	–
K	Exit	KELLOGG CO	$0	–	-3,000	–	-0.07%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-4,000	–	-0.07%	–
NUTR	Exit	NUTRACEUTICAL INTL CORP	$0	–	-5,800	–	-0.08%	–
RELX	Exit	RELX PLCsponsored adr	$0	–	-11,600	–	-0.08%	–
PNRA	Exit	PANERA BREAD COcl a	$0	–	-800	–	-0.08%	–
SLCA	Exit	U S SILICA HLDGS INC	$0	–	-8,050	–	-0.09%	–
NVDA	Exit	NVIDIA CORP	$0	–	-3,010	–	-0.14%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-250	–	-0.15%	–
JXI	Exit	ISHARES TRglob utilits etf	$0	–	-11,200	–	-0.17%	–
FTV	Exit	FORTIVE CORP	$0	–	-11,775	–	-0.24%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-12,150	–	-0.28%	–
UNP	Exit	UNION PAC CORP	$0	–	-9,220	–	-0.32%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-7,970	–	-0.36%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-11,630	–	-0.43%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-35,850	–	-0.44%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-18,650	–	-0.46%	–

Q2 2017

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$66,465,000	–	274,875	–	21.00%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$23,322,000	–	945,356	–	7.37%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$20,769,000	–	319,924	–	6.56%	–
AAPL	New	APPLE INC	$10,790,000	–	74,925	–	3.41%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$10,512,000	–	192,100	–	3.32%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$9,916,000	–	190,700	–	3.13%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$9,442,000	–	68,600	–	2.98%	–
GOOGL	New	ALPHABET INCcap stk cl a	$9,287,000	–	9,989	–	2.93%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$8,707,000	–	97,950	–	2.75%	–
FB	New	FACEBOOK INCcl a	$8,493,000	–	56,250	–	2.68%	–
HON	New	HONEYWELL INTL INC	$8,047,000	–	60,369	–	2.54%	–
DIS	New	DISNEY WALT CO	$7,774,000	–	73,163	–	2.46%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,050,000	–	40,406	–	2.23%	–
CELG	New	CELGENE CORP	$6,292,000	–	48,448	–	1.99%	–
WFC	New	WELLS FARGO CO NEW	$6,122,000	–	110,480	–	1.93%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$4,396,000	–	52,095	–	1.39%	–
PEP	New	PEPSICO INC	$4,054,000	–	35,100	–	1.28%	–
IWM	New	ISHARES TRrussell 2000 etf	$4,023,000	–	28,550	–	1.27%	–
GOOG	New	ALPHABET INCcap stk cl c	$3,832,000	–	4,217	–	1.21%	–
AMZN	New	AMAZON COM INC	$3,373,000	–	3,484	–	1.06%	–
DHR	New	DANAHER CORP DEL	$3,108,000	–	36,825	–	0.98%	–
MRK	New	MERCK & CO INC	$2,953,000	–	46,080	–	0.93%	–
NKE	New	NIKE INCcl b	$2,820,000	–	47,800	–	0.89%	–
ABT	New	ABBOTT LABS	$2,768,000	–	56,950	–	0.87%	–
AIG	New	AMERICAN INTL GROUP INC	$2,764,000	–	44,210	–	0.87%	–
EEM	New	ISHARES TRmsci emg mkt etf	$2,363,000	–	57,100	–	0.75%	–
LLY	New	LILLY ELI & CO	$2,206,000	–	26,800	–	0.70%	–
C	New	CITIGROUP INC	$2,204,000	–	32,959	–	0.70%	–
USB	New	US BANCORP DEL	$2,200,000	–	42,380	–	0.70%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$2,107,000	–	31,726	–	0.67%	–
NWL	New	NEWELL BRANDS INC	$2,102,000	–	39,200	–	0.66%	–
TSLA	New	TESLA INC	$2,079,000	–	5,750	–	0.66%	–
BWA	New	BORGWARNER INC	$1,991,000	–	47,010	–	0.63%	–
MSFT	New	MICROSOFT CORP	$1,930,000	–	28,000	–	0.61%	–
COST	New	COSTCO WHSL CORP NEW	$1,858,000	–	11,620	–	0.59%	–
WBC	New	WABCO HLDGS INC	$1,850,000	–	14,510	–	0.58%	–
V	New	VISA INC	$1,798,000	–	19,170	–	0.57%	–
BAC	New	BANK AMER CORP	$1,642,000	–	67,700	–	0.52%	–
EOG	New	EOG RES INC	$1,641,000	–	18,130	–	0.52%	–
CFG	New	CITIZENS FINL GROUP INC	$1,629,000	–	45,650	–	0.52%	–
GS	New	GOLDMAN SACHS GROUP INC	$1,489,000	–	6,710	–	0.47%	–
CVX	New	CHEVRON CORP NEW	$1,476,000	–	14,145	–	0.47%	–
MMC	New	MARSH & MCLENNAN COS INC	$1,454,000	–	18,650	–	0.46%	–
ALB	New	ALBEMARLE CORP	$1,402,000	–	13,280	–	0.44%	–
CMCSA	New	COMCAST CORP NEWcl a	$1,395,000	–	35,850	–	0.44%	–
PM	New	PHILIP MORRIS INTL INC	$1,366,000	–	11,630	–	0.43%	–
COO	New	COOPER COS INC	$1,348,000	–	5,630	–	0.43%	–
TJX	New	TJX COS INC NEW	$1,324,000	–	18,340	–	0.42%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$1,258,000	–	15,880	–	0.40%	–
HD	New	HOME DEPOT INC	$1,246,000	–	8,120	–	0.39%	–
AME	New	AMETEK INC NEW	$1,223,000	–	20,190	–	0.39%	–
SBUX	New	STARBUCKS CORP	$1,150,000	–	19,729	–	0.36%	–
EWG	New	ISHARESmsci germany etf	$1,144,000	–	37,800	–	0.36%	–
ADBE	New	ADOBE SYS INC	$1,127,000	–	7,970	–	0.36%	–
AMLP	New	ALPS ETF TRalerian mlp	$1,121,000	–	93,720	–	0.35%	–
HAL	New	HALLIBURTON CO	$1,119,000	–	26,200	–	0.35%	–
UNH	New	UNITEDHEALTH GROUP INC	$1,053,000	–	5,680	–	0.33%	–
UNP	New	UNION PAC CORP	$1,004,000	–	9,220	–	0.32%	–
MU	New	MICRON TECHNOLOGY INC	$988,000	–	33,100	–	0.31%	–
DVY	New	ISHARES TRselect divid etf	$959,000	–	10,400	–	0.30%	–
ALXN	New	ALEXION PHARMACEUTICALS INC	$906,000	–	7,450	–	0.29%	–
APH	New	AMPHENOL CORP NEWcl a	$897,000	–	12,150	–	0.28%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$860,000	–	9,600	–	0.27%	–
XLRE	New	SELECT SECTOR SPDR TRrl est sel sec	$802,000	–	24,908	–	0.25%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$764,000	–	3	–	0.24%	–
FTV	New	FORTIVE CORP	$746,000	–	11,775	–	0.24%	–
PG	New	PROCTER AND GAMBLE CO	$740,000	–	8,495	–	0.23%	–
EWJ	New	ISHARES INCmsci jpn etf new	$594,000	–	11,075	–	0.19%	–
ARGT	New	GLOBAL X FDSgb msci ar etf	$565,000	–	19,280	–	0.18%	–
JXI	New	ISHARES TRglob utilits etf	$549,000	–	11,200	–	0.17%	–
KXI	New	ISHARES TRglb cnsm stp etf	$532,000	–	5,200	–	0.17%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$506,000	–	8,450	–	0.16%	–
AMD	New	ADVANCED MICRO DEVICES INC	$506,000	–	40,540	–	0.16%	–
PCLN	New	PRICELINE GRP INC	$468,000	–	250	–	0.15%	–
IGF	New	ISHARES TRglb infrastr etf	$445,000	–	10,130	–	0.14%	–
NVDA	New	NVIDIA CORP	$435,000	–	3,010	–	0.14%	–
WOOD	New	ISHARES TRgl timb fore etf	$386,000	–	6,300	–	0.12%	–
PCAR	New	PACCAR INC	$363,000	–	5,500	–	0.12%	–
EWL	New	ISHARESmsci sz cap etf	$340,000	–	9,900	–	0.11%	–
ITA	New	ISHARES TRu.s. aer&def etf	$302,000	–	1,920	–	0.10%	–
HEDJ	New	WISDOMTREE TReurope hedged eq	$288,000	–	4,620	–	0.09%	–
SLCA	New	U S SILICA HLDGS INC	$286,000	–	8,050	–	0.09%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$284,000	–	2,600	–	0.09%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$266,000	–	1,890	–	0.08%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$258,000	–	7,400	–	0.08%	–
PNRA	New	PANERA BREAD COcl a	$252,000	–	800	–	0.08%	–
RELX	New	RELX PLCsponsored adr	$250,000	–	11,600	–	0.08%	–
DFS	New	DISCOVER FINL SVCS	$244,000	–	3,920	–	0.08%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$243,000	–	3,570	–	0.08%	–
NUTR	New	NUTRACEUTICAL INTL CORP	$242,000	–	5,800	–	0.08%	–
AMZA	New	ETFIS SER TR Iinfrac act mlp	$229,000	–	22,630	–	0.07%	–
PX	New	PRAXAIR INC	$225,000	–	1,700	–	0.07%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$223,000	–	4,000	–	0.07%	–
K	New	KELLOGG CO	$208,000	–	3,000	–	0.07%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$46,000	–	11,500	–	0.02%	–

Q4 2016

			Value		Shares		↓ Weighting
ICLN	Exit	ISHARES TRgl clean ene etf	$0	–	-18,900	–	-0.06%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-7,400	–	-0.07%	–
PX	Exit	PRAXAIR INC	$0	–	-1,700	–	-0.07%	–
IFN	Exit	INDIA FD INC	$0	–	-8,268	–	-0.07%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-3,570	–	-0.07%	–
EXR	Exit	EXTRA SPACE STORAGE INC	$0	–	-2,700	–	-0.07%	–
IXC	Exit	ISHARES TRglobal energ etf	$0	–	-6,500	–	-0.07%	–
CUBE	Exit	CUBESMART	$0	–	-7,900	–	-0.07%	–
ENZL	Exit	ISHARESnw zealnd cp etf	$0	–	-4,600	–	-0.07%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-4,000	–	-0.07%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-3,920	–	-0.07%	–
MOO	Exit	VANECK VECTORS ETF TRagribusiness etf	$0	–	-4,600	–	-0.08%	–
K	Exit	KELLOGG CO	$0	–	-3,000	–	-0.08%	–
EWY	Exit	ISHARESmsci sth kor etf	$0	–	-4,060	–	-0.08%	–
GLIN	Exit	VANECK VECTORS ETF TRindia small cap	$0	–	-5,150	–	-0.08%	–
PICK	Exit	ISHARESgl met&minpr etf	$0	–	-20,380	–	-0.08%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-2,398	–	-0.08%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-40,540	–	-0.09%	–
EWL	Exit	ISHARESmsci sz cap etf	$0	–	-9,900	–	-0.10%	–
TEI	Exit	TEMPLETON EMERG MKTS INCOME	$0	–	-28,000	–	-0.10%	–
GLCN	Exit	VANECK VECTORS ETF TRchinaamc csi 300	$0	–	-8,100	–	-0.10%	–
KF	Exit	KOREA FD	$0	–	-8,970	–	-0.11%	–
PCAR	Exit	PACCAR INC	$0	–	-5,500	–	-0.11%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-27,500	–	-0.12%	–
WOOD	Exit	ISHARES TRgl timb fore etf	$0	–	-7,300	–	-0.12%	–
BWA	Exit	BORGWARNER INC	$0	–	-10,540	–	-0.12%	–
AME	Exit	AMETEK INC NEW	$0	–	-7,880	–	-0.12%	–
LSI	Exit	LIFE STORAGE INC	$0	–	-4,840	–	-0.14%	–
MXI	Exit	ISHARES TRglobal mater etf	$0	–	-10,000	–	-0.18%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-3	–	-0.22%	–
THO	Exit	THOR INDS INC	$0	–	-7,800	–	-0.22%	–
EWJ	Exit	ISHARESmsci japan etf	$0	–	-58,550	–	-0.24%	–
BP	Exit	BP PLCsponsored adr	$0	–	-21,200	–	-0.25%	–
KXI	Exit	ISHARES TRglb cnsm stp etf	$0	–	-8,050	–	-0.26%	–
JXI	Exit	ISHARES TRglob utilits etf	$0	–	-17,200	–	-0.27%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-10,400	–	-0.30%	–
LB	Exit	L BRANDS INC	$0	–	-13,000	–	-0.30%	–
HEDJ	Exit	WISDOMTREE TReurope hedged eq	$0	–	-18,020	–	-0.32%	–
EWG	Exit	ISHARESmsci germany etf	$0	–	-37,800	–	-0.33%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-12,800	–	-0.34%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-700	–	-0.34%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,255	–	-0.35%	–
IXN	Exit	ISHARES TRglobal tech etf	$0	–	-10,000	–	-0.37%	–
FTV	Exit	FORTIVE CORP	$0	–	-22,015	–	-0.37%	–
XLRE	Exit	SELECT SECTOR SPDR TRrl est sel sec	$0	–	-36,557	–	-0.40%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-19,470	–	-0.46%	–
TSLA	Exit	TESLA MTRS INC	$0	–	-7,700	–	-0.52%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-45,400	–	-0.56%	–
HAL	Exit	HALLIBURTON CO	$0	–	-54,560	–	-0.81%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-29,500	–	-0.85%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-55,350	–	-0.88%	–
WBC	Exit	WABCO HLDGS INC	$0	–	-23,930	–	-0.90%	–
EOG	Exit	EOG RES INC	$0	–	-28,110	–	-0.90%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-32,910	–	-0.97%	–
HD	Exit	HOME DEPOT INC	$0	–	-23,320	–	-0.99%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-166,780	–	-1.07%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-44,110	–	-1.07%	–
SBUX	Exit	STARBUCKS CORPput	$0	–	-61,100	–	-1.10%	–
C	Exit	CITIGROUP INC	$0	–	-71,010	–	-1.11%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-46,655	–	-1.21%	–
CELG	Exit	CELGENE CORP	$0	–	-35,445	–	-1.23%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-25,120	–	-1.27%	–
USB	Exit	US BANCORP DEL	$0	–	-89,530	–	-1.27%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-27,680	–	-1.31%	–
XLE	Exit	SELECT SECTOR SPDR TRsbi int-energy	$0	–	-61,210	–	-1.43%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-100,625	–	-1.48%	–
ABT	Exit	ABBOTT LABS	$0	–	-107,620	–	-1.51%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-58,155	–	-1.55%	–
TJX	Exit	TJX COS INC NEW	$0	–	-64,430	–	-1.60%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-38,760	–	-1.65%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-6,608	–	-1.70%	–
MRK	Exit	MERCK & CO INC	$0	–	-83,140	–	-1.72%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-89,390	–	-1.76%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-49,789	–	-1.92%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-77,046	–	-2.29%	–
DIS	Exit	DISNEY WALT CO	$0	–	-74,568	–	-2.29%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-82,100	–	-2.30%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-129,237	–	-2.32%	–
NKE	Exit	NIKE INCcl b	$0	–	-138,490	–	-2.42%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-171,000	–	-2.43%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-65,150	–	-2.68%	–
AAPL	Exit	APPLE INC	$0	–	-74,390	–	-2.79%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-53,176	–	-2.80%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-11,267	–	-3.00%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-79,580	–	-3.13%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-209,900	–	-3.32%	–
PEP	Exit	PEPSICO INC	$0	–	-93,990	–	-3.39%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-314,310	–	-22.52%	–

Q3 2016

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$67,985,000	+4.6%	314,310	+1.3%	22.52%	-9.9%
PEP	Buy	PEPSICO INC	$10,223,000	+7.8%	93,990	+5.0%	3.39%	-7.1%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$10,029,000	+31.3%	209,900	+19.1%	3.32%	+13.1%
QQQ	Sell	POWERSHARES QQQ TRUSTunit ser 1	$9,448,000	+10.3%	79,580	-0.1%	3.13%	-4.9%
GOOGL	Buy	ALPHABET INCcap stk cl a	$9,059,000	+24.1%	11,267	+8.6%	3.00%	+6.9%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$8,458,000	+16.0%	53,176	+7.8%	2.80%	-0.1%
AAPL	Buy	APPLE INC	$8,410,000	+23.6%	74,390	+4.5%	2.79%	+6.5%
IWM	Sell	ISHARES TRrussell 2000 etf	$8,092,000	+7.8%	65,150	-0.2%	2.68%	-7.1%
DXJ	Buy	WISDOMTREE TRjapn hedge eqt	$7,338,000	+58.5%	171,000	+43.2%	2.43%	+36.6%
NKE	Buy	NIKE INCcl b	$7,291,000	+9.5%	138,490	+14.8%	2.42%	-5.7%
SBUX	Sell	STARBUCKS CORP	$6,997,000	-6.1%	129,237	-1.0%	2.32%	-19.1%
SDY	Buy	SPDR SERIES TRUSTs&p divid etf	$6,926,000	+24.1%	82,100	+23.5%	2.30%	+6.9%
DIS	Buy	DISNEY WALT CO	$6,924,000	+10.8%	74,568	+16.7%	2.29%	-4.6%
PG	Buy	PROCTER AND GAMBLE CO	$6,915,000	+15.5%	77,046	+9.0%	2.29%	-0.5%
HON	Buy	HONEYWELL INTL INC	$5,805,000	+13.7%	49,789	+13.4%	1.92%	-2.1%
AIG	Buy	AMERICAN INTL GROUP INC	$5,304,000	+22.0%	89,390	+8.7%	1.76%	+5.1%
MRK	Sell	MERCK & CO INC	$5,189,000	-4.3%	83,140	-11.7%	1.72%	-17.6%
GOOG	Sell	ALPHABET INCcap stk cl c	$5,136,000	+10.2%	6,608	-1.9%	1.70%	-5.0%
FB	Buy	FACEBOOK INCcl a	$4,972,000	+26.0%	38,760	+12.2%	1.65%	+8.5%
TJX	Buy	TJX COS INC NEW	$4,818,000	+6.1%	64,430	+9.6%	1.60%	-8.6%
LYB	Buy	LYONDELLBASELL INDUSTRIES N	$4,691,000	+26.1%	58,155	+16.3%	1.55%	+8.6%
ABT	Buy	ABBOTT LABS	$4,551,000	+22.2%	107,620	+13.6%	1.51%	+5.3%
WFC	Buy	WELLS FARGO & CO NEW	$4,456,000	+10.9%	100,625	+18.5%	1.48%	-4.5%
XLE	Buy	SELECT SECTOR SPDR TRsbi int-energy	$4,322,000	+26.7%	61,210	+22.5%	1.43%	+9.1%
IFF	Buy	INTERNATIONAL FLAVORS&FRAGRA	$3,957,000	+40.6%	27,680	+24.0%	1.31%	+21.2%
USB	Buy	US BANCORP DEL	$3,840,000	+32.8%	89,530	+24.9%	1.27%	+14.4%
COST	Buy	COSTCO WHSL CORP NEW	$3,831,000	+17.6%	25,120	+21.1%	1.27%	+1.4%
CELG	Buy	CELGENE CORP	$3,705,000	+23.5%	35,445	+16.5%	1.23%	+6.3%
DHR	Buy	DANAHER CORP DEL	$3,657,000	-9.2%	46,655	+17.0%	1.21%	-21.8%
C	Buy	CITIGROUP INC	$3,354,000	+27.1%	71,010	+14.1%	1.11%	+9.6%
SBUX	New	STARBUCKS CORPput	$3,308,000	–	61,100	–	1.10%	–
XLF	Buy	SELECT SECTOR SPDR TRsbi int-finl	$3,219,000	+75.8%	166,780	+108.0%	1.07%	+51.4%
OXY	Buy	OCCIDENTAL PETE CORP DEL	$3,217,000	+23.2%	44,110	+27.6%	1.07%	+6.2%
HD	Buy	HOME DEPOT INC	$3,001,000	+39.1%	23,320	+38.0%	0.99%	+19.8%
CVS	Buy	CVS HEALTH CORP	$2,929,000	+10.2%	32,910	+18.5%	0.97%	-5.1%
EOG	Buy	EOG RES INC	$2,719,000	+51.6%	28,110	+30.7%	0.90%	+30.6%
WBC	Buy	WABCO HLDGS INC	$2,717,000	+46.3%	23,930	+18.0%	0.90%	+26.1%
CTSH	Buy	COGNIZANT TECHNOLOGY SOLUTIOcl a	$2,641,000	+0.7%	55,350	+20.9%	0.88%	-13.2%
HAL	Buy	HALLIBURTON CO	$2,449,000	+13.2%	54,560	+14.2%	0.81%	-2.5%
EEM	Buy	ISHARES TRmsci emg mkt etf	$1,700,000	+410.5%	45,400	+368.0%	0.56%	+339.8%
XLV	Buy	SELECT SECTOR SPDR TRsbi healthcare	$1,404,000	+62.1%	19,470	+61.3%	0.46%	+39.6%
XLRE	New	SELECT SECTOR SPDR TRrl est sel sec	$1,198,000	–	36,557	–	0.40%	–
FTV	New	FORTIVE CORP	$1,121,000	–	22,015	–	0.37%	–
AMZN	Sell	AMAZON COM INC	$1,051,000	-3.0%	1,255	-17.2%	0.35%	-16.5%
PCLN	Sell	PRICELINE GRP INC	$1,030,000	+5.7%	700	-10.3%	0.34%	-9.1%
HEDJ	Buy	WISDOMTREE TReurope hedged eq	$968,000	+315.5%	18,020	+290.0%	0.32%	+256.7%
LB	Sell	L BRANDS INC	$920,000	+2.2%	13,000	-3.0%	0.30%	-11.8%
DVY	Buy	ISHARES TRselect divid etf	$891,000	+3.5%	10,400	+3.0%	0.30%	-10.9%
BP	Sell	BP PLCsponsored adr	$745,000	-8.6%	21,200	-7.7%	0.25%	-21.1%
EWJ	Buy	ISHARESmsci japan etf	$734,000	+44.2%	58,550	+32.2%	0.24%	+24.0%
LSI	New	LIFE STORAGE INC	$430,000	–	4,840	–	0.14%	–
BWA	New	BORGWARNER INC	$371,000	–	10,540	–	0.12%	–
WOOD	Buy	ISHARES TRgl timb fore etf	$366,000	+28.0%	7,300	+15.9%	0.12%	+10.0%
GLCN	New	VANECK VECTORS ETF TRchinaamc csi 300	$311,000	–	8,100	–	0.10%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$254,000	–	2,398	–	0.08%	–
GLIN	New	VANECK VECTORS ETF TRindia small cap	$239,000	–	5,150	–	0.08%	–
PICK	Sell	ISHARESgl met&minpr etf	$238,000	+1.7%	20,380	-12.4%	0.08%	-12.2%
MOO	New	VANECK VECTORS ETF TRagribusiness etf	$230,000	–	4,600	–	0.08%	–
ENZL	New	ISHARESnw zealnd cp etf	$216,000	–	4,600	–	0.07%	–
IXC	New	ISHARES TRglobal energ etf	$214,000	–	6,500	–	0.07%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$208,000	–	3,570	–	0.07%	–
PX	New	PRAXAIR INC	$205,000	–	1,700	–	0.07%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$203,000	–	7,400	–	0.07%	–
ICLN	New	ISHARES TRgl clean ene etf	$174,000	–	18,900	–	0.06%	–
V	Exit	VISA INC	$0	–	-3,120	–	-0.09%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-5,000	–	-0.15%	–
SSS	Exit	SOVRAN SELF STORAGE INC	$0	–	-4,840	–	-0.20%	–
WWAV	Exit	WHITEWAVE FOODS CO	$0	–	-12,985	–	-0.24%	–
TAHO	Exit	TAHOE RES INC	$0	–	-47,669	–	-0.27%	–
NKE	Exit	NIKE INCput	$0	–	-19,400	–	-0.41%	–

Q2 2016

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$65,013,000	–	310,280	–	25.00%	–
PEP	New	PEPSICO INC	$9,482,000	–	89,500	–	3.65%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$8,562,000	–	79,620	–	3.29%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$7,640,000	–	176,200	–	2.94%	–
IWM	New	ISHARES TRrussell 2000 etf	$7,508,000	–	65,300	–	2.89%	–
SBUX	New	STARBUCKS CORP	$7,453,000	–	130,477	–	2.87%	–
GOOGL	New	ALPHABET INCcap stk cl a	$7,301,000	–	10,378	–	2.81%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$7,291,000	–	49,346	–	2.80%	–
AAPL	New	APPLE INC	$6,803,000	–	71,165	–	2.62%	–
NKE	New	NIKE INCcl b	$6,660,000	–	120,650	–	2.56%	–
DIS	New	DISNEY WALT CO	$6,251,000	–	63,898	–	2.40%	–
PG	New	PROCTER & GAMBLE CO	$5,987,000	–	70,706	–	2.30%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$5,581,000	–	66,500	–	2.15%	–
MRK	New	MERCK & CO INC	$5,423,000	–	94,140	–	2.08%	–
HON	New	HONEYWELL INTL INC	$5,107,000	–	43,909	–	1.96%	–
GOOG	New	ALPHABET INCcap stk cl c	$4,660,000	–	6,733	–	1.79%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$4,630,000	–	119,400	–	1.78%	–
TJX	New	TJX COS INC NEW	$4,540,000	–	58,790	–	1.75%	–
AIG	New	AMERICAN INTL GROUP INC	$4,348,000	–	82,200	–	1.67%	–
DHR	New	DANAHER CORP DEL	$4,028,000	–	39,885	–	1.55%	–
WFC	New	WELLS FARGO & CO NEW	$4,019,000	–	84,915	–	1.55%	–
FB	New	FACEBOOK INCcl a	$3,947,000	–	34,540	–	1.52%	–
ABT	New	ABBOTT LABS	$3,723,000	–	94,720	–	1.43%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$3,721,000	–	50,005	–	1.43%	–
XLE	New	SELECT SECTOR SPDR TRsbi int-energy	$3,411,000	–	49,980	–	1.31%	–
COST	New	COSTCO WHSL CORP NEW	$3,257,000	–	20,740	–	1.25%	–
CELG	New	CELGENE CORP	$3,000,000	–	30,420	–	1.15%	–
USB	New	US BANCORP DEL	$2,891,000	–	71,680	–	1.11%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$2,814,000	–	22,320	–	1.08%	–
CVS	New	CVS HEALTH CORP	$2,658,000	–	27,765	–	1.02%	–
C	New	CITIGROUP INC	$2,638,000	–	62,220	–	1.01%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$2,622,000	–	45,800	–	1.01%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$2,611,000	–	34,560	–	1.00%	–
HYG	New	ISHARES TRiboxx hi yd etf	$2,498,000	–	29,500	–	0.96%	–
HAL	New	HALLIBURTON CO	$2,163,000	–	47,760	–	0.83%	–
HD	New	HOME DEPOT INC	$2,158,000	–	16,900	–	0.83%	–
WBC	New	WABCO HLDGS INC	$1,857,000	–	20,275	–	0.71%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$1,831,000	–	80,200	–	0.70%	–
EOG	New	EOG RES INC	$1,794,000	–	21,500	–	0.69%	–
TSLA	New	TESLA MTRS INC	$1,635,000	–	7,700	–	0.63%	–
AMZN	New	AMAZON COM INC	$1,084,000	–	1,515	–	0.42%	–
NKE	New	NIKE INCput	$1,071,000	–	19,400	–	0.41%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$999,000	–	12,800	–	0.38%	–
PCLN	New	PRICELINE GRP INC	$974,000	–	780	–	0.38%	–
IXN	New	ISHARES TRglobal tech etf	$973,000	–	10,000	–	0.37%	–
EWG	New	ISHARESmsci germany etf	$909,000	–	37,800	–	0.35%	–
LB	New	L BRANDS INC	$900,000	–	13,400	–	0.35%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$866,000	–	12,070	–	0.33%	–
DVY	New	ISHARES TRselect divid etf	$861,000	–	10,100	–	0.33%	–
JXI	New	ISHARES TRglob utilits etf	$849,000	–	17,200	–	0.33%	–
BP	New	BP PLCsponsored adr	$815,000	–	22,965	–	0.31%	–
KXI	New	ISHARES TRglb cnsm stp etf	$806,000	–	8,050	–	0.31%	–
TAHO	New	TAHOE RES INC	$710,000	–	47,669	–	0.27%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$651,000	–	3	–	0.25%	–
WWAV	New	WHITEWAVE FOODS CO	$610,000	–	12,985	–	0.24%	–
EWJ	New	ISHARESmsci japan etf	$509,000	–	44,300	–	0.20%	–
SSS	New	SOVRAN SELF STORAGE INC	$508,000	–	4,840	–	0.20%	–
THO	New	THOR INDS INC	$505,000	–	7,800	–	0.19%	–
MXI	New	ISHARES TRglobal mater etf	$490,000	–	10,000	–	0.19%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$379,000	–	5,000	–	0.15%	–
AME	New	AMETEK INC NEW	$364,000	–	7,880	–	0.14%	–
AMLP	New	ALPS ETF TRalerian mlp	$350,000	–	27,500	–	0.14%	–
EEM	New	ISHARES TRmsci emg mkt etf	$333,000	–	9,700	–	0.13%	–
TEI	New	TEMPLETON EMERG MKTS INCOME	$293,000	–	28,000	–	0.11%	–
EWL	New	ISHARESmsci sz cap etf	$294,000	–	9,900	–	0.11%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$294,000	–	4,000	–	0.11%	–
KF	New	KOREA FD	$290,000	–	8,970	–	0.11%	–
PCAR	New	PACCAR INC	$285,000	–	5,500	–	0.11%	–
WOOD	New	ISHARES TRgl timb fore etf	$286,000	–	6,300	–	0.11%	–
EXR	New	EXTRA SPACE STORAGE INC	$250,000	–	2,700	–	0.10%	–
CUBE	New	CUBESMART	$244,000	–	7,900	–	0.09%	–
K	New	KELLOGG CO	$245,000	–	3,000	–	0.09%	–
PICK	New	ISHARESgl met&minpr etf	$234,000	–	23,260	–	0.09%	–
HEDJ	New	WISDOMTREE TReurope hedged eq	$233,000	–	4,620	–	0.09%	–
V	New	VISA INC	$231,000	–	3,120	–	0.09%	–
EWY	New	ISHARESmsci sth kor etf	$211,000	–	4,060	–	0.08%	–
DFS	New	DISCOVER FINL SVCS	$210,000	–	3,920	–	0.08%	–
AMD	New	ADVANCED MICRO DEVICES INC	$208,000	–	40,540	–	0.08%	–
IFN	New	INDIA FD INC	$201,000	–	8,268	–	0.08%	–

Q4 2015

			Value		Shares		↓ Weighting
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-40,540	–	-0.02%	–
CCXI	Exit	CHEMOCENTRYX INC	$0	–	-21,028	–	-0.05%	–
IFN	Exit	INDIA FD INC	$0	–	-8,268	–	-0.07%	–
HPQ	Exit	HEWLETT PACKARD CO	$0	–	-8,010	–	-0.07%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,600	–	-0.07%	–
EXR	Exit	EXTRA SPACE STORAGE INC	$0	–	-2,700	–	-0.08%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-2,650	–	-0.08%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-10,800	–	-0.08%	–
CUBE	Exit	CUBESMART	$0	–	-7,900	–	-0.08%	–
KSS	Exit	KOHLS CORP	$0	–	-4,700	–	-0.08%	–
V	Exit	VISA INC	$0	–	-3,120	–	-0.08%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-4,370	–	-0.08%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-3,900	–	-0.08%	–
UNP	Exit	UNION PAC CORP	$0	–	-2,510	–	-0.08%	–
DISH	Exit	DISH NETWORK CORPcl a	$0	–	-4,210	–	-0.09%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,700	–	-0.09%	–
BIIB	Exit	BIOGEN INC	$0	–	-860	–	-0.09%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-3,810	–	-0.09%	–
HOT	Exit	STARWOOD HOTELS&RESORTS WRLD	$0	–	-3,800	–	-0.09%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-3,370	–	-0.09%	–
STT	Exit	STATE STR CORP	$0	–	-3,900	–	-0.09%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-2,700	–	-0.10%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-2,600	–	-0.10%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-3,650	–	-0.10%	–
MMM	Exit	3M CO	$0	–	-1,900	–	-0.10%	–
TEI	Exit	TEMPLETON EMERG MKTS INCOME	$0	–	-28,000	–	-0.10%	–
SPR	Exit	SPIRIT AEROSYSTEMS HLDGS INC	$0	–	-5,640	–	-0.10%	–
QCOM	Exit	QUALCOMM INC	$0	–	-5,100	–	-0.10%	–
WOOD	Exit	ISHARES TRgl timb fore etf	$0	–	-6,300	–	-0.10%	–
WAT	Exit	WATERS CORP	$0	–	-2,400	–	-0.10%	–
PCAR	Exit	PACCAR INC	$0	–	-5,500	–	-0.10%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-3,500	–	-0.10%	–
WYND	Exit	WYNDHAM WORLDWIDE CORP	$0	–	-4,000	–	-0.10%	–
BA	Exit	BOEING CO	$0	–	-2,250	–	-0.11%	–
BCR	Exit	BARD C R INC	$0	–	-1,600	–	-0.11%	–
MCO	Exit	MOODYS CORP	$0	–	-3,070	–	-0.11%	–
IBB	Exit	ISHARES TRnasdq biotec etf	$0	–	-1,000	–	-0.11%	–
EWL	Exit	ISHARESmsci sz cap etf	$0	–	-9,900	–	-0.11%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-5,188	–	-0.11%	–
INTC	Exit	INTEL CORP	$0	–	-10,200	–	-0.11%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP	$0	–	-1,200	–	-0.11%	–
KF	Exit	KOREA FD	$0	–	-8,970	–	-0.12%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-3,250	–	-0.12%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-9,700	–	-0.12%	–
WWAV	Exit	WHITEWAVE FOODS CO	$0	–	-8,100	–	-0.12%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-3,800	–	-0.12%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-4,500	–	-0.12%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-4,060	–	-0.12%	–
VRSN	Exit	VERISIGN INC	$0	–	-5,000	–	-0.13%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-8,117	–	-0.13%	–
HEDJ	Exit	WISDOMTREE TReurope hedged eq	$0	–	-6,620	–	-0.13%	–
TAHO	Exit	TAHOE RES INC	$0	–	-47,669	–	-0.13%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-2,130	–	-0.13%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-5,130	–	-0.13%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFut ser 1	$0	–	-2,330	–	-0.14%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-3,250	–	-0.14%	–
CQQQ	Exit	CLAYMORE EXCHANGE TRD FD TRgugg chn tech	$0	–	-13,710	–	-0.14%	–
THO	Exit	THOR INDS INC	$0	–	-7,800	–	-0.14%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-5,000	–	-0.15%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-8,720	–	-0.16%	–
SSS	Exit	SOVRAN SELF STORAGE INC	$0	–	-4,840	–	-0.16%	–
EWJ	Exit	ISHARESmsci japan etf	$0	–	-44,300	–	-0.18%	–
MXI	Exit	ISHARES TRglobal mater etf	$0	–	-12,000	–	-0.19%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-3	–	-0.21%	–
COO	Exit	COOPER COS INC	$0	–	-4,650	–	-0.25%	–
KO	Exit	COCA COLA CO	$0	–	-17,480	–	-0.25%	–
BP	Exit	BP PLCsponsored adr	$0	–	-22,965	–	-0.25%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-12,400	–	-0.26%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-10,000	–	-0.27%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-12,070	–	-0.29%	–
EWG	Exit	ISHARESmsci germany etf	$0	–	-39,255	–	-0.35%	–
IXN	Exit	ISHARES TRglobal tech etf	$0	–	-10,850	–	-0.35%	–
SEE	Exit	SEALED AIR CORP NEW	$0	–	-25,020	–	-0.42%	–
AMZN	Exit	AMAZON COM INC	$0	–	-2,408	–	-0.44%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-61,100	–	-0.50%	–
NKE	Exit	NIKE INCcl b	$0	–	-13,280	–	-0.59%	–
AME	Exit	AMETEK INC NEW	$0	–	-36,080	–	-0.68%	–
TSLA	Exit	TESLA MTRS INC	$0	–	-7,800	–	-0.70%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-32,300	–	-0.70%	–
HD	Exit	HOME DEPOT INC	$0	–	-16,900	–	-0.70%	–
WBC	Exit	WABCO HLDGS INC	$0	–	-19,800	–	-0.75%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-34,700	–	-0.83%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-22,320	–	-0.83%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-1,970	–	-0.88%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-27,204	–	-0.88%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-30,300	–	-0.91%	–
C	Exit	CITIGROUP INC	$0	–	-55,820	–	-1.00%	–
XLE	Exit	SELECT SECTOR SPDR TRsbi int-energy	$0	–	-45,300	–	-1.00%	–
USB	Exit	US BANCORP DEL	$0	–	-71,680	–	-1.06%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-20,740	–	-1.08%	–
EOG	Exit	EOG RES INC	$0	–	-44,125	–	-1.16%	–
HAL	Exit	HALLIBURTON CO	$0	–	-94,620	–	-1.20%	–
SRCL	Exit	STERICYCLE INC	$0	–	-24,260	–	-1.22%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-47,280	–	-1.45%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-69,190	–	-1.56%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-60,150	–	-1.56%	–
PX	Exit	PRAXAIR INCput	$0	–	-42,800	–	-1.57%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-50,710	–	-1.76%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-102,520	–	-1.82%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-48,120	–	-1.89%	–
DXJ	Exit	WISDOMTREE TRjapn hedge eqt	$0	–	-116,160	–	-2.04%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-113,490	–	-2.10%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-88,041	–	-2.28%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-161,000	–	-2.29%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-67,080	–	-2.46%	–
ABT	Exit	ABBOTT LABS	$0	–	-187,751	–	-2.72%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-65,921	–	-2.90%	–
PX	Exit	PRAXAIR INC	$0	–	-82,377	–	-3.02%	–
TJX	Exit	TJX COS INC NEW	$0	–	-123,265	–	-3.17%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-165,160	–	-3.38%	–
DIS	Exit	DISNEY WALT CO	$0	–	-92,993	–	-3.42%	–
PEP	Exit	PEPSICO INC	$0	–	-108,440	–	-3.68%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-194,527	–	-3.98%	–
AAPL	Exit	APPLE INC	$0	–	-121,885	–	-4.84%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-280,943	–	-19.39%	–

Q3 2015

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$53,837,000	-15.2%	280,943	-8.9%	19.39%	-8.7%
AAPL	Buy	APPLE INC	$13,444,000	+39.3%	121,885	+58.4%	4.84%	+49.9%
SBUX	Buy	STARBUCKS CORP	$11,057,000	+37.9%	194,527	+30.1%	3.98%	+48.5%
PEP	Buy	PEPSICO INC	$10,226,000	+44.3%	108,440	+42.8%	3.68%	+55.3%
DIS	New	DISNEY WALT CO	$9,504,000	–	92,993	–	3.42%	–
AIG	Buy	AMERICAN INTL GROUP INC	$9,384,000	+95.4%	165,160	+112.6%	3.38%	+110.4%
TJX	Buy	TJX COS INC NEW	$8,804,000	+55.9%	123,265	+44.4%	3.17%	+67.8%
PX	Buy	PRAXAIR INC	$8,391,000	+53.1%	82,377	+79.6%	3.02%	+64.8%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$8,061,000	+123.8%	65,921	+137.5%	2.90%	+140.9%
ABT	Buy	ABBOTT LABS	$7,551,000	+181.1%	187,751	+243.1%	2.72%	+202.8%
QQQ	Sell	POWERSHARES QQQ TRUSTunit ser 1	$6,826,000	-14.0%	67,080	-9.5%	2.46%	-7.4%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$6,360,000	+23.4%	161,000	+29.3%	2.29%	+32.9%
PG	Buy	PROCTER & GAMBLE CO	$6,334,000	-5.3%	88,041	+2.9%	2.28%	+1.9%
WFC	Buy	WELLS FARGO & CO NEW	$5,828,000	+61.9%	113,490	+77.4%	2.10%	+74.3%
DXJ	Sell	WISDOMTREE TRjapn hedge eqt	$5,652,000	-17.1%	116,160	-2.5%	2.04%	-10.7%
IWM	Sell	ISHARES TRrussell 2000 etf	$5,255,000	-33.0%	48,120	-23.4%	1.89%	-27.9%
MRK	Sell	MERCK & CO INC NEW	$5,063,000	-29.9%	102,520	-19.2%	1.82%	-24.5%
CVS	Buy	CVS HEALTH CORP	$4,893,000	+21.8%	50,710	+32.4%	1.76%	+31.1%
PX	New	PRAXAIR INCput	$4,360,000	–	42,800	–	1.57%	–
SDY	Sell	SPDR SERIES TRUSTs&p divid etf	$4,340,000	-24.5%	60,150	-20.3%	1.56%	-18.7%
CTSH	Buy	COGNIZANT TECHNOLOGY SOLUTIOcl a	$4,332,000	+54.8%	69,190	+51.1%	1.56%	+66.7%
DHR	Buy	DANAHER CORP DEL	$4,029,000	+55.4%	47,280	+56.1%	1.45%	+67.4%
SRCL	Sell	STERICYCLE INC	$3,380,000	+3.4%	24,260	-0.7%	1.22%	+11.2%
HAL	Buy	HALLIBURTON CO	$3,345,000	+34.3%	94,620	+63.7%	1.20%	+44.5%
EOG	Buy	EOG RES INC	$3,212,000	+59.9%	44,125	+92.3%	1.16%	+72.2%
COST	Sell	COSTCO WHSL CORP NEW	$2,998,000	+6.3%	20,740	-0.6%	1.08%	+14.5%
USB	Sell	US BANCORP DEL	$2,940,000	-6.1%	71,680	-0.7%	1.06%	+1.1%
XLE	Buy	SELECT SECTOR SPDR TRsbi int-energy	$2,772,000	+13.3%	45,300	+39.1%	1.00%	+22.0%
C	Sell	CITIGROUP INC	$2,769,000	-18.0%	55,820	-8.7%	1.00%	-11.7%
FB	Buy	FACEBOOK INCcl a	$2,446,000	+34.1%	27,204	+27.9%	0.88%	+44.4%
PCLN	Buy	PRICELINE GRP INC	$2,437,000	+68.0%	1,970	+56.3%	0.88%	+81.0%
IFF	Sell	INTERNATIONAL FLAVORS&FRAGRA	$2,305,000	-7.6%	22,320	-2.2%	0.83%	-0.5%
OXY	Sell	OCCIDENTAL PETE CORP DEL	$2,295,000	-26.0%	34,700	-13.0%	0.83%	-20.4%
APC	Buy	ANADARKO PETE CORP	$1,951,000	+33.6%	32,300	+72.7%	0.70%	+44.1%
HD	New	HOME DEPOT INC	$1,952,000	–	16,900	–	0.70%	–
TSLA	Sell	TESLA MTRS INC	$1,938,000	-15.9%	7,800	-9.2%	0.70%	-9.5%
AME	Sell	AMETEK INC NEW	$1,888,000	-32.1%	36,080	-28.9%	0.68%	-26.8%
NKE	New	NIKE INCcl b	$1,633,000	–	13,280	–	0.59%	–
AMZN	Buy	AMAZON COM INC	$1,233,000	+90.0%	2,408	+61.1%	0.44%	+104.6%
SEE	New	SEALED AIR CORP NEW	$1,173,000	–	25,020	–	0.42%	–
EWG	Buy	ISHARESmsci germany etf	$971,000	-10.5%	39,255	+0.9%	0.35%	-3.6%
COO	New	COOPER COS INC	$692,000	–	4,650	–	0.25%	–
EWJ	Buy	ISHARESmsci japan etf	$506,000	+56.7%	44,300	+75.8%	0.18%	+68.5%
DFS	Buy	DISCOVER FINL SVCS	$453,000	+0.4%	8,720	+11.5%	0.16%	+7.9%
CQQQ	Buy	CLAYMORE EXCHANGE TRD FD TRgugg chn tech	$404,000	-10.8%	13,710	+20.3%	0.14%	-4.6%
UNH	New	UNITEDHEALTH GROUP INC	$377,000	–	3,250	–	0.14%	–
DIA	New	SPDR DOW JONES INDL AVRG ETFut ser 1	$379,000	–	2,330	–	0.14%	–
GS	New	GOLDMAN SACHS GROUP INC	$370,000	–	2,130	–	0.13%	–
MSFT	New	MICROSOFT CORP	$359,000	–	8,117	–	0.13%	–
VRSN	New	VERISIGN INC	$353,000	–	5,000	–	0.13%	–
ADBE	New	ADOBE SYS INC	$334,000	–	4,060	–	0.12%	–
AXP	New	AMERICAN EXPRESS CO	$334,000	–	4,500	–	0.12%	–
WWAV	New	WHITEWAVE FOODS CO	$325,000	–	8,100	–	0.12%	–
NXPI	New	NXP SEMICONDUCTORS N V	$324,000	–	3,800	–	0.12%	–
ACN	New	ACCENTURE PLC IRELAND	$319,000	–	3,250	–	0.12%	–
EEM	New	ISHARES TRmsci emg mkt etf	$318,000	–	9,700	–	0.12%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP	$311,000	–	1,200	–	0.11%	–
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$306,000	+5.2%	5,188	+46.6%	0.11%	+13.4%
MCO	New	MOODYS CORP	$301,000	–	3,070	–	0.11%	–
BCR	New	BARD C R INC	$298,000	–	1,600	–	0.11%	–
BA	New	BOEING CO	$295,000	–	2,250	–	0.11%	–
ITW	New	ILLINOIS TOOL WKS INC	$288,000	–	3,500	–	0.10%	–
WYND	New	WYNDHAM WORLDWIDE CORP	$288,000	–	4,000	–	0.10%	–
PCAR	Buy	PACCAR INC	$287,000	+18.6%	5,500	+44.7%	0.10%	+27.2%
WAT	New	WATERS CORP	$284,000	–	2,400	–	0.10%	–
QCOM	Sell	QUALCOMM INC	$274,000	-48.5%	5,100	-40.0%	0.10%	-44.4%
SPR	New	SPIRIT AEROSYSTEMS HLDGS INC	$273,000	–	5,640	–	0.10%	–
MMM	New	3M CO	$269,000	–	1,900	–	0.10%	–
GILD	New	GILEAD SCIENCES INC	$265,000	–	2,700	–	0.10%	–
ROK	New	ROCKWELL AUTOMATION INC	$264,000	–	2,600	–	0.10%	–
COF	New	CAPITAL ONE FINL CORP	$265,000	–	3,650	–	0.10%	–
STT	New	STATE STR CORP	$262,000	–	3,900	–	0.09%	–
HCA	New	HCA HOLDINGS INC	$261,000	–	3,370	–	0.09%	–
HOT	New	STARWOOD HOTELS&RESORTS WRLD	$253,000	–	3,800	–	0.09%	–
BIIB	New	BIOGEN INC	$251,000	–	860	–	0.09%	–
LRCX	New	LAM RESEARCH CORP	$249,000	–	3,810	–	0.09%	–
DISH	New	DISH NETWORK CORPcl a	$246,000	–	4,210	–	0.09%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$246,000	–	1,700	–	0.09%	–
UNP	New	UNION PAC CORP	$222,000	–	2,510	–	0.08%	–
BBBY	New	BED BATH & BEYOND INC	$222,000	–	3,900	–	0.08%	–
KSS	New	KOHLS CORP	$218,000	–	4,700	–	0.08%	–
TXN	New	TEXAS INSTRS INC	$216,000	–	4,370	–	0.08%	–
CUBE	New	CUBESMART	$215,000	–	7,900	–	0.08%	–
WDC	New	WESTERN DIGITAL CORP	$211,000	–	2,650	–	0.08%	–
EXR	New	EXTRA SPACE STORAGE INC	$208,000	–	2,700	–	0.08%	–
HPQ	New	HEWLETT PACKARD CO	$205,000	–	8,010	–	0.07%	–
PM	New	PHILIP MORRIS INTL INC	$206,000	–	2,600	–	0.07%	–
CCXI	New	CHEMOCENTRYX INC	$127,000	–	21,028	–	0.05%	–
SFXEQ	Exit	SFX ENTMT INC	$0	–	-18,930	–	-0.03%	–
GXG	Exit	GLOBAL X FDSglbx msci colum	$0	–	-14,500	–	-0.05%	–
LYV	Exit	LIVE NATION ENTERTAINMENT IN	$0	–	-7,400	–	-0.07%	–
AFK	Exit	MARKET VECTORS ETF TRafrica etf	$0	–	-8,500	–	-0.07%	–
DBA	Exit	POWERSHS DB MULTI SECT COMMps db agricul fd	$0	–	-9,300	–	-0.07%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-2,000	–	-0.07%	–
DOW	Exit	DOW CHEM CO	$0	–	-5,600	–	-0.10%	–
ENZL	Exit	ISHARESnw zealnd cp etf	$0	–	-9,200	–	-0.11%	–
EWA	Exit	ISHARESmsci aust etf	$0	–	-15,800	–	-0.11%	–
WFM	Exit	WHOLE FOODS MKT INC	$0	–	-9,000	–	-0.12%	–
RSTI	Exit	ROFIN SINAR TECHNOLOGIES INC	$0	–	-17,500	–	-0.16%	–
UNFI	Exit	UNITED NAT FOODS INC	$0	–	-8,000	–	-0.17%	–
EWY	Exit	ISHARESmsci sth kor etf	$0	–	-14,445	–	-0.27%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-8,540	–	-1.49%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-9,457	–	-1.71%	–
XXIA	Exit	IXIA	$0	–	-4,575,515	–	-19.04%	–

Q2 2015

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$63,474,000	–	308,350	–	21.23%	–
XXIA	New	IXIA	$56,919,000	–	4,575,515	–	19.04%	–
AAPL	New	APPLE INC	$9,653,000	–	76,960	–	3.23%	–
SBUX	New	STARBUCKS CORP	$8,018,000	–	149,540	–	2.68%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$7,933,000	–	74,090	–	2.65%	–
IWM	New	ISHARES TRrussell 2000 etf	$7,844,000	–	62,820	–	2.62%	–
MRK	New	MERCK & CO INC NEW	$7,223,000	–	126,870	–	2.42%	–
PEP	New	PEPSICO INC	$7,089,000	–	75,945	–	2.37%	–
DXJ	New	WISDOMTREE TRjapn hedge eqt	$6,816,000	–	119,160	–	2.28%	–
PG	New	PROCTER & GAMBLE CO	$6,692,000	–	85,530	–	2.24%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$5,750,000	–	75,450	–	1.92%	–
TJX	New	TJX COS INC NEW	$5,648,000	–	85,350	–	1.89%	–
PX	New	PRAXAIR INC	$5,482,000	–	45,855	–	1.83%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$5,153,000	–	124,470	–	1.72%	–
GOOGL	New	GOOGLE INCcl a	$5,107,000	–	9,457	–	1.71%	–
AIG	New	AMERICAN INTL GROUP INC	$4,803,000	–	77,700	–	1.61%	–
GOOG	New	GOOGLE INCcl c	$4,445,000	–	8,540	–	1.49%	–
CVS	New	CVS HEALTH CORP	$4,018,000	–	38,310	–	1.34%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$3,602,000	–	27,760	–	1.20%	–
WFC	New	WELLS FARGO & CO NEW	$3,599,000	–	63,990	–	1.20%	–
C	New	CITIGROUP INC	$3,376,000	–	61,120	–	1.13%	–
SRCL	New	STERICYCLE INC	$3,270,000	–	24,420	–	1.09%	–
USB	New	US BANCORP DEL	$3,131,000	–	72,150	–	1.05%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$3,103,000	–	39,900	–	1.04%	–
COST	New	COSTCO WHSL CORP NEW	$2,819,000	–	20,870	–	0.94%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$2,798,000	–	45,800	–	0.94%	–
AME	New	AMETEK INC NEW	$2,779,000	–	50,730	–	0.93%	–
HYG	New	ISHARESiboxx hi yd etf	$2,691,000	–	30,300	–	0.90%	–
ABT	New	ABBOTT LABS	$2,686,000	–	54,720	–	0.90%	–
DHR	New	DANAHER CORP DEL	$2,592,000	–	30,280	–	0.87%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$2,494,000	–	22,820	–	0.83%	–
HAL	New	HALLIBURTON CO	$2,490,000	–	57,810	–	0.83%	–
WBC	New	WABCO HLDGS INC	$2,450,000	–	19,800	–	0.82%	–
XLE	New	SELECT SECTOR SPDR TRsbi int-energy	$2,447,000	–	32,560	–	0.82%	–
TSLA	New	TESLA MTRS INC	$2,304,000	–	8,590	–	0.77%	–
EOG	New	EOG RES INC	$2,009,000	–	22,950	–	0.67%	–
FB	New	FACEBOOK INCcl a	$1,824,000	–	21,270	–	0.61%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$1,490,000	–	61,100	–	0.50%	–
APC	New	ANADARKO PETE CORP	$1,460,000	–	18,700	–	0.49%	–
PCLN	New	PRICELINE GRP INC	$1,451,000	–	1,260	–	0.48%	–
EWG	New	ISHARESmsci germany etf	$1,085,000	–	38,900	–	0.36%	–
IXN	New	ISHARES TRglobal tech etf	$1,039,000	–	10,850	–	0.35%	–
BP	New	BP PLCsponsored adr	$918,000	–	22,965	–	0.31%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$898,000	–	12,070	–	0.30%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$825,000	–	12,400	–	0.28%	–
EWY	New	ISHARESmsci sth kor etf	$796,000	–	14,445	–	0.27%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$765,000	–	10,000	–	0.26%	–
KO	New	COCA COLA CO	$686,000	–	17,480	–	0.23%	–
MXI	New	ISHARESglobal mater etf	$665,000	–	12,000	–	0.22%	–
AMZN	New	AMAZON COM INC	$649,000	–	1,495	–	0.22%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$615,000	–	3	–	0.21%	–
TAHO	New	TAHOE RES INC	$578,000	–	47,669	–	0.19%	–
QCOM	New	QUALCOMM INC	$532,000	–	8,500	–	0.18%	–
UNFI	New	UNITED NAT FOODS INC	$509,000	–	8,000	–	0.17%	–
RSTI	New	ROFIN SINAR TECHNOLOGIES INC	$483,000	–	17,500	–	0.16%	–
CQQQ	New	CLAYMORE EXCHANGE TRD FD TRgugg chn tech	$453,000	–	11,400	–	0.15%	–
DFS	New	DISCOVER FINL SVCS	$451,000	–	7,820	–	0.15%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$445,000	–	5,000	–	0.15%	–
THO	New	THOR INDS INC	$439,000	–	7,800	–	0.15%	–
SSS	New	SOVRAN SELF STORAGE INC	$421,000	–	4,840	–	0.14%	–
HEDJ	New	WISDOMTREE TReurope hedged eq	$408,000	–	6,620	–	0.14%	–
DVY	New	ISHARES TRselect divid etf	$386,000	–	5,130	–	0.13%	–
IBB	New	ISHARES TRnasdq biotec etf	$369,000	–	1,000	–	0.12%	–
KF	New	KOREA FD	$364,000	–	8,970	–	0.12%	–
WFM	New	WHOLE FOODS MKT INC	$355,000	–	9,000	–	0.12%	–
WOOD	New	ISHARESgl timb fore etf	$331,000	–	6,300	–	0.11%	–
EWA	New	ISHARESmsci aust etf	$332,000	–	15,800	–	0.11%	–
EWL	New	ISHARESmsci sz cap etf	$324,000	–	9,900	–	0.11%	–
EWJ	New	ISHARESmsci japan etf	$323,000	–	25,200	–	0.11%	–
ENZL	New	ISHARESnw zealnd cp etf	$319,000	–	9,200	–	0.11%	–
INTC	New	INTEL CORP	$310,000	–	10,200	–	0.10%	–
TEI	New	TEMPLETON EMERG MKTS INCOME	$299,000	–	28,000	–	0.10%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$291,000	–	3,538	–	0.10%	–
DOW	New	DOW CHEM CO	$287,000	–	5,600	–	0.10%	–
SYMC	New	SYMANTEC CORP	$251,000	–	10,800	–	0.08%	–
PCAR	New	PACCAR INC	$242,000	–	3,800	–	0.08%	–
UTX	New	UNITED TECHNOLOGIES CORP	$222,000	–	2,000	–	0.07%	–
DBA	New	POWERSHS DB MULTI SECT COMMps db agricul fd	$217,000	–	9,300	–	0.07%	–
IFN	New	INDIA FD INC	$219,000	–	8,268	–	0.07%	–
V	New	VISA INC	$210,000	–	3,120	–	0.07%	–
AFK	New	MARKET VECTORS ETF TRafrica etf	$207,000	–	8,500	–	0.07%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$203,000	–	7,400	–	0.07%	–
GXG	New	GLOBAL X FDSglbx msci colum	$155,000	–	14,500	–	0.05%	–
AMD	New	ADVANCED MICRO DEVICES INC	$97,000	–	40,540	–	0.03%	–
SFXEQ	New	SFX ENTMT INC	$85,000	–	18,930	–	0.03%	–

Q4 2014

			Value		Shares		↓ Weighting
SFXEQ	Exit	SFX ENTMT INC	$0	–	-18,930	–	-0.04%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-40,540	–	-0.05%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-4,000	–	-0.08%	–
REMX	Exit	MARKET VECTORS ETF TRminor metals	$0	–	-7,080	–	-0.08%	–
PCAR	Exit	PACCAR INC	$0	–	-3,800	–	-0.08%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-660	–	-0.09%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-3,160	–	-0.09%	–
IFN	Exit	INDIA FD INC	$0	–	-8,268	–	-0.09%	–
EWQ	Exit	ISHARESmsci france etf	$0	–	-9,400	–	-0.10%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-2,350	–	-0.10%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-2,550	–	-0.10%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-10,800	–	-0.10%	–
GXG	Exit	GLOBAL X FDSglbx msci colum	$0	–	-14,500	–	-0.10%	–
AFK	Exit	MARKET VECTORS ETF TRafrica etf	$0	–	-8,500	–	-0.10%	–
DOW	Exit	DOW CHEM CO	$0	–	-5,600	–	-0.12%	–
EWJ	Exit	ISHARESmsci japan etf	$0	–	-25,200	–	-0.12%	–
WOOD	Exit	ISHARESgl timb fore etf	$0	–	-6,300	–	-0.12%	–
CSCO	Exit	CISCO SYS INC	$0	–	-12,400	–	-0.12%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,710	–	-0.12%	–
EWL	Exit	ISHARESmsci sz cap etf	$0	–	-9,900	–	-0.13%	–
T	Exit	AT&T INC	$0	–	-9,500	–	-0.13%	–
WFM	Exit	WHOLE FOODS MKT INC	$0	–	-9,000	–	-0.14%	–
EL	Exit	LAUDER ESTEE COS INCcl a	$0	–	-4,700	–	-0.14%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-5,000	–	-0.14%	–
INTC	Exit	INTEL CORP	$0	–	-10,200	–	-0.14%	–
ENZL	Exit	ISHARESnw zealnd cp etf	$0	–	-9,200	–	-0.14%	–
SSS	Exit	SOVRAN SELF STORAGE INC	$0	–	-4,840	–	-0.14%	–
GDX	Exit	MARKET VECTORS ETF TRgold miner etf	$0	–	-17,000	–	-0.14%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,660	–	-0.14%	–
EWA	Exit	ISHARESmsci aust etf	$0	–	-15,800	–	-0.15%	–
V	Exit	VISA INC	$0	–	-1,780	–	-0.15%	–
APA	Exit	APACHE CORP	$0	–	-4,100	–	-0.15%	–
THO	Exit	THOR INDS INC	$0	–	-7,800	–	-0.16%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-8,900	–	-0.16%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-4,115	–	-0.16%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-9,600	–	-0.18%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-4,200	–	-0.18%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-17,600	–	-0.18%	–
DBA	Exit	POWERSHS DB MULTI SECT COMMps db agricul fd	$0	–	-18,550	–	-0.19%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-9,643	–	-0.19%	–
UNFI	Exit	UNITED NAT FOODS INC	$0	–	-8,000	–	-0.19%	–
RIOM	Exit	RIO ALTO MNG LTD NEW	$0	–	-210,000	–	-0.20%	–
EWG	Exit	ISHARESmsci germany etf	$0	–	-18,300	–	-0.20%	–
KO	Exit	COCA COLA CO	$0	–	-12,400	–	-0.21%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-5,675	–	-0.21%	–
EZU	Exit	ISHARESemu etf	$0	–	-14,200	–	-0.22%	–
PFE	Exit	PFIZER INC	$0	–	-18,800	–	-0.22%	–
EMB	Exit	ISHARESjp mor em mk etf	$0	–	-5,000	–	-0.22%	–
JNK	Exit	SPDR SERIES TRUSTbrc hgh yld bd	$0	–	-15,200	–	-0.24%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-3	–	-0.24%	–
MXI	Exit	ISHARESglobal mater etf	$0	–	-12,000	–	-0.28%	–
ORCL	Exit	ORACLE CORP	$0	–	-22,600	–	-0.34%	–
EWY	Exit	ISHARESmsci sth kor etf	$0	–	-14,445	–	-0.34%	–
TEI	Exit	TEMPLETON EMERG MKTS INCOME	$0	–	-70,000	–	-0.35%	–
IXN	Exit	ISHARES TRglobal tech etf	$0	–	-10,850	–	-0.39%	–
FTI	Exit	FMC TECHNOLOGIES INC	$0	–	-24,000	–	-0.51%	–
GM	Exit	GENERAL MTRS CO	$0	–	-45,450	–	-0.57%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-16,940	–	-0.66%	–
AGN	Exit	ALLERGAN INC	$0	–	-9,890	–	-0.70%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-1,520	–	-0.70%	–
WBC	Exit	WABCO HLDGS INC	$0	–	-20,840	–	-0.75%	–
TOL	Exit	TOLL BROTHERS INC	$0	–	-60,940	–	-0.75%	–
TSLA	Exit	TESLA MTRS INC	$0	–	-8,490	–	-0.81%	–
NWL	Exit	NEWELL RUBBERMAID INC	$0	–	-60,900	–	-0.83%	–
COO	Exit	COOPER COS INC	$0	–	-13,710	–	-0.84%	–
ABT	Exit	ABBOTT LABS	$0	–	-53,860	–	-0.88%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-23,400	–	-0.88%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-66,300	–	-0.90%	–
LYB	Exit	LYONDELLBASELL INDUSTRIES N	$0	–	-21,730	–	-0.93%	–
AMZN	Exit	AMAZON COM INC	$0	–	-7,465	–	-0.95%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-32,250	–	-0.97%	–
MCD	Exit	MCDONALDS CORP	$0	–	-28,160	–	-1.05%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-22,820	–	-1.10%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-38,050	–	-1.13%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-26,620	–	-1.15%	–
HAL	Exit	HALLIBURTON CO	$0	–	-45,580	–	-1.16%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-41,260	–	-1.30%	–
XLE	Exit	SELECT SECTOR SPDR TRsbi int-energy	$0	–	-37,067	–	-1.32%	–
TJX	Exit	TJX COS INC NEW	$0	–	-57,480	–	-1.34%	–
HYG	Exit	ISHARESiboxx hi yd etf	$0	–	-37,100	–	-1.35%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-71,600	–	-1.46%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-63,010	–	-1.47%	–
EOG	Exit	EOG RES INC	$0	–	-39,290	–	-1.54%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-104,900	–	-1.65%	–
AME	Exit	AMETEK INC NEW	$0	–	-91,750	–	-1.82%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-89,830	–	-1.91%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-8,827	–	-2.01%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-81,320	–	-2.07%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-9,127	–	-2.12%	–
C	Exit	CITIGROUP INC	$0	–	-106,493	–	-2.18%	–
PX	Exit	PRAXAIR INC	$0	–	-43,185	–	-2.20%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-58,140	–	-2.20%	–
QCOM	Exit	QUALCOMM INC	$0	–	-78,120	–	-2.30%	–
PEP	Exit	PEPSICO INC	$0	–	-73,730	–	-2.71%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-87,035	–	-2.88%	–
SDY	Exit	SPDR SERIES TRUSTs&p divid etf	$0	–	-104,050	–	-3.08%	–
AAPL	Exit	APPLE INC	$0	–	-89,380	–	-3.55%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-179,190	–	-13.93%	–
XXIA	Exit	IXIA	$0	–	-4,575,515	–	-16.50%	–

Q3 2014

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$35,304,000	+5.0%	179,190	+4.3%	13.93%	+5.7%
AAPL	Buy	APPLE INC	$9,005,000	+10.2%	89,380	+1.7%	3.55%	+10.9%
SDY	Sell	SPDR SERIES TRUSTs&p divid etf	$7,798,000	-3.6%	104,050	-1.5%	3.08%	-3.1%
PG	Sell	PROCTER & GAMBLE CO	$7,288,000	+5.9%	87,035	-0.6%	2.88%	+6.6%
PEP	Sell	PEPSICO INC	$6,864,000	+3.5%	73,730	-0.7%	2.71%	+4.1%
QCOM	Sell	QUALCOMM INC	$5,841,000	-6.2%	78,120	-0.6%	2.30%	-5.7%
OXY	Sell	OCCIDENTAL PETE CORP DEL	$5,590,000	-7.1%	58,140	-0.9%	2.20%	-6.6%
PX	Sell	PRAXAIR INC	$5,571,000	-3.4%	43,185	-0.6%	2.20%	-2.9%
C	Buy	CITIGROUP INC	$5,518,000	+13.2%	106,493	+2.9%	2.18%	+13.9%
GOOGL	Buy	GOOGLE INCcl a	$5,370,000	+1.0%	9,127	+0.3%	2.12%	+1.5%
DFS	Buy	DISCOVER FINL SVCS	$5,236,000	+7.9%	81,320	+3.8%	2.07%	+8.5%
GOOG	Buy	GOOGLE INCcl c	$5,096,000	+0.7%	8,827	+0.3%	2.01%	+1.3%
AIG	Buy	AMERICAN INTL GROUP INC	$4,853,000	+3.1%	89,830	+4.2%	1.91%	+3.7%
AME	Buy	AMETEK INC NEW	$4,607,000	+0.8%	91,750	+4.9%	1.82%	+1.3%
XLK	New	SELECT SECTOR SPDR TRtechnology	$4,187,000	–	104,900	–	1.65%	–
EOG	Buy	EOG RES INC	$3,890,000	+18.5%	39,290	+39.9%	1.54%	+19.2%
MRK	Sell	MERCK & CO INC NEW	$3,735,000	+0.1%	63,010	-2.3%	1.47%	+0.6%
WFC	Buy	WELLS FARGO & CO NEW	$3,714,000	-0.6%	71,600	+0.7%	1.46%	-0.1%
TJX	Sell	TJX COS INC NEW	$3,401,000	+8.9%	57,480	-2.2%	1.34%	+9.6%
XLE	Sell	SELECT SECTOR SPDR TRsbi int-energy	$3,359,000	-46.1%	37,067	-40.4%	1.32%	-45.7%
HAL	Buy	HALLIBURTON CO	$2,940,000	-4.1%	45,580	+5.6%	1.16%	-3.5%
IWM	Buy	ISHARES TRrussell 2000 etf	$2,911,000	+220.2%	26,620	+248.0%	1.15%	+221.6%
SBUX	Sell	STARBUCKS CORP	$2,871,000	-3.5%	38,050	-1.0%	1.13%	-2.9%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$2,777,000	+34.0%	22,820	+29.9%	1.10%	+34.7%
MCD	Sell	MCDONALDS CORP	$2,670,000	-16.0%	28,160	-10.8%	1.05%	-15.6%
DHR	Buy	DANAHER CORP DEL	$2,450,000	-2.9%	32,250	+0.6%	0.97%	-2.4%
AMZN	Buy	AMAZON COM INC	$2,407,000	-0.0%	7,465	+0.7%	0.95%	+0.6%
LYB	Sell	LYONDELLBASELL INDUSTRIES N	$2,361,000	-23.5%	21,730	-31.2%	0.93%	-23.1%
MU	New	MICRON TECHNOLOGY INC	$2,271,000	–	66,300	–	0.90%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$2,244,000	–	23,400	–	0.88%	–
COO	Sell	COOPER COS INC	$2,135,000	-13.8%	13,710	-25.0%	0.84%	-13.3%
NWL	Buy	NEWELL RUBBERMAID INC	$2,096,000	+12.0%	60,900	+0.8%	0.83%	+12.7%
WBC	Buy	WABCO HLDGS INC	$1,895,000	-14.1%	20,840	+1.0%	0.75%	-13.5%
AGN	Sell	ALLERGAN INC	$1,762,000	-19.1%	9,890	-23.2%	0.70%	-18.6%
PCLN	New	PRICELINE GRP INC	$1,761,000	–	1,520	–	0.70%	–
QQQ	Sell	POWERSHARES QQQ TRUSTunit ser 1	$1,674,000	+3.4%	16,940	-1.7%	0.66%	+3.9%
GM	Buy	GENERAL MTRS CO	$1,452,000	-11.2%	45,450	+0.9%	0.57%	-10.6%
FTI	Buy	FMC TECHNOLOGIES INC	$1,303,000	-10.3%	24,000	+0.8%	0.51%	-9.8%
PFE	Buy	PFIZER INC	$556,000	+2.0%	18,800	+2.5%	0.22%	+2.3%
EZU	Buy	ISHARESemu etf	$547,000	-3.5%	14,200	+6.0%	0.22%	-2.7%
XOM	Buy	EXXON MOBIL CORP	$534,000	+98.5%	5,675	+112.1%	0.21%	+99.1%
EWG	Buy	ISHARESmsci germany etf	$507,000	-5.8%	18,300	+6.4%	0.20%	-5.2%
RIOM	New	RIO ALTO MNG LTD NEW	$502,000	–	210,000	–	0.20%	–
VZ	Buy	VERIZON COMMUNICATIONS INC	$482,000	+11.3%	9,643	+9.0%	0.19%	+11.8%
GE	Buy	GENERAL ELECTRIC CO	$451,000	+0.4%	17,600	+2.9%	0.18%	+1.1%
JNJ	New	JOHNSON & JOHNSON	$448,000	–	4,200	–	0.18%	–
MSFT	Sell	MICROSOFT CORP	$445,000	-2.6%	9,600	-12.4%	0.18%	-1.7%
SLB	Buy	SCHLUMBERGER LTD	$418,000	+21.5%	4,115	+41.2%	0.16%	+22.2%
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$367,000	–	2,660	–	0.14%	–
INTC	Sell	INTEL CORP	$355,000	-2.7%	10,200	-13.6%	0.14%	-2.1%
T	New	AT&T INC	$335,000	–	9,500	–	0.13%	–
CSCO	Sell	CISCO SYS INC	$312,000	-18.5%	12,400	-19.5%	0.12%	-18.0%
GILD	New	GILEAD SCIENCES INC	$250,000	–	2,350	–	0.10%	–
REMX	New	MARKET VECTORS ETF TRminor metals	$212,000	–	7,080	–	0.08%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$205,000	–	4,000	–	0.08%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-3,500	–	-0.08%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-3,590	–	-0.08%	–
HPQ	Exit	HEWLETT PACKARD CO	$0	–	-6,350	–	-0.08%	–
MMM	Exit	3M CO	$0	–	-1,540	–	-0.09%	–
M	Exit	MACYS INC	$0	–	-4,000	–	-0.09%	–
HD	Exit	HOME DEPOT INC	$0	–	-3,000	–	-0.10%	–
OI	Exit	OWENS ILL INC	$0	–	-7,000	–	-0.10%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,240	–	-0.11%	–
LO	Exit	LORILLARD INC	$0	–	-5,370	–	-0.13%	–
EBAY	Exit	EBAY INC	$0	–	-43,460	–	-0.85%	–

Q2 2014

			Value		Shares		↓ Weighting
XXIA	New	IXIA	$52,298,000	–	4,575,515	–	20.51%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$33,611,000	–	171,730	–	13.18%	–
AAPL	New	APPLE INC	$8,170,000	–	87,920	–	3.20%	–
SDY	New	SPDR SERIES TRUSTs&p divid etf	$8,092,000	–	105,650	–	3.17%	–
PG	New	PROCTER & GAMBLE CO	$6,879,000	–	87,535	–	2.70%	–
PEP	New	PEPSICO INC	$6,632,000	–	74,230	–	2.60%	–
QCOM	New	QUALCOMM INC	$6,227,000	–	78,620	–	2.44%	–
XLE	New	SELECT SECTOR SPDR TRsbi int-energy	$6,227,000	–	62,207	–	2.44%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$6,018,000	–	58,640	–	2.36%	–
PX	New	PRAXAIR INC	$5,770,000	–	43,435	–	2.26%	–
GOOGL	New	GOOGLE INCcl a	$5,319,000	–	9,097	–	2.09%	–
GOOG	New	GOOGLE INCcl c	$5,061,000	–	8,797	–	1.98%	–
C	New	CITIGROUP INC	$4,875,000	–	103,493	–	1.91%	–
DFS	New	DISCOVER FINL SVCS	$4,854,000	–	78,320	–	1.90%	–
AIG	New	AMERICAN INTL GROUP INC	$4,706,000	–	86,230	–	1.85%	–
AME	New	AMETEK INC NEW	$4,572,000	–	87,450	–	1.79%	–
WFC	New	WELLS FARGO & CO NEW	$3,737,000	–	71,100	–	1.47%	–
MRK	New	MERCK & CO INC NEW	$3,732,000	–	64,510	–	1.46%	–
HYG	New	ISHARESiboxx hi yd etf	$3,532,000	–	37,100	–	1.38%	–
EOG	New	EOG RES INC	$3,283,000	–	28,090	–	1.29%	–
MCD	New	MCDONALDS CORP	$3,179,000	–	31,560	–	1.25%	–
TJX	New	TJX COS INC NEW	$3,124,000	–	58,780	–	1.22%	–
CVS	New	CVS CAREMARK CORPORATION	$3,110,000	–	41,260	–	1.22%	–
LYB	New	LYONDELLBASELL INDUSTRIES N	$3,086,000	–	31,600	–	1.21%	–
HAL	New	HALLIBURTON CO	$3,066,000	–	43,180	–	1.20%	–
SBUX	New	STARBUCKS CORP	$2,975,000	–	38,450	–	1.17%	–
DHR	New	DANAHER CORP DEL	$2,523,000	–	32,050	–	0.99%	–
COO	New	COOPER COS INC	$2,477,000	–	18,280	–	0.97%	–
AMZN	New	AMAZON COM INC	$2,408,000	–	7,415	–	0.94%	–
TOL	New	TOLL BROTHERS INC	$2,249,000	–	60,940	–	0.88%	–
WBC	New	WABCO HLDGS INC	$2,205,000	–	20,640	–	0.86%	–
ABT	New	ABBOTT LABS	$2,203,000	–	53,860	–	0.86%	–
AGN	New	ALLERGAN INC	$2,178,000	–	12,870	–	0.85%	–
EBAY	New	EBAY INC	$2,176,000	–	43,460	–	0.85%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$2,073,000	–	17,570	–	0.81%	–
TSLA	New	TESLA MTRS INC	$2,038,000	–	8,490	–	0.80%	–
NWL	New	NEWELL RUBBERMAID INC	$1,872,000	–	60,400	–	0.73%	–
GM	New	GENERAL MTRS CO	$1,635,000	–	45,050	–	0.64%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$1,619,000	–	17,240	–	0.64%	–
FTI	New	FMC TECHNOLOGIES INC	$1,453,000	–	23,800	–	0.57%	–
TEI	New	TEMPLETON EMERG MKTS INCOME	$967,000	–	70,000	–	0.38%	–
IXN	New	ISHARESglobal tech etf	$965,000	–	10,850	–	0.38%	–
EWY	New	ISHARESmsci sth kor etf	$939,000	–	14,445	–	0.37%	–
ORCL	New	ORACLE CORP	$916,000	–	22,600	–	0.36%	–
IWM	New	ISHARESrussell 2000 etf	$909,000	–	7,650	–	0.36%	–
MXI	New	ISHARESglobal mater etf	$775,000	–	12,000	–	0.30%	–
JNK	New	SPDR SERIES TRUSTbrc hgh yld bd	$634,000	–	15,200	–	0.25%	–
EMB	New	ISHARESjp mor em mk etf	$576,000	–	5,000	–	0.23%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$570,000	–	3	–	0.22%	–
EZU	New	ISHARESemu etf	$567,000	–	13,400	–	0.22%	–
PFE	New	PFIZER INC	$545,000	–	18,350	–	0.21%	–
EWG	New	ISHARESmsci germany etf	$538,000	–	17,200	–	0.21%	–
KO	New	COCA COLA CO	$525,000	–	12,400	–	0.21%	–
UNFI	New	UNITED NAT FOODS INC	$521,000	–	8,000	–	0.20%	–
DBA	New	POWERSHS DB MULTI SECT COMMps db agricul fd	$509,000	–	18,550	–	0.20%	–
MSFT	New	MICROSOFT CORP	$457,000	–	10,960	–	0.18%	–
GDX	New	MARKET VECTORS ETF TRgold miner etf	$450,000	–	17,000	–	0.18%	–
GE	New	GENERAL ELECTRIC CO	$449,000	–	17,100	–	0.18%	–
THO	New	THOR INDS INC	$444,000	–	7,800	–	0.17%	–
VZ	New	VERIZON COMMUNICATIONS INC	$433,000	–	8,843	–	0.17%	–
APA	New	APACHE CORP	$413,000	–	4,100	–	0.16%	–
EWA	New	ISHARESmsci aust etf	$413,000	–	15,800	–	0.16%	–
ENZL	New	ISHARESnw zealnd cp etf	$388,000	–	9,200	–	0.15%	–
CSCO	New	CISCO SYS INC	$383,000	–	15,400	–	0.15%	–
V	New	VISA INC	$375,000	–	1,780	–	0.15%	–
SSS	New	SOVRAN SELF STORAGE INC	$374,000	–	4,840	–	0.15%	–
MO	New	ALTRIA GROUP INC	$373,000	–	8,900	–	0.15%	–
INTC	New	INTEL CORP	$365,000	–	11,800	–	0.14%	–
EL	New	LAUDER ESTEE COS INCcl a	$349,000	–	4,700	–	0.14%	–
WFM	New	WHOLE FOODS MKT INC	$348,000	–	9,000	–	0.14%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$347,000	–	5,000	–	0.14%	–
SLB	New	SCHLUMBERGER LTD	$344,000	–	2,915	–	0.14%	–
EWL	New	ISHARESmsci sz cap etf	$340,000	–	9,900	–	0.13%	–
WOOD	New	ISHARESgl timb fore etf	$332,000	–	6,300	–	0.13%	–
LO	New	LORILLARD INC	$327,000	–	5,370	–	0.13%	–
EWJ	New	ISHARESmsci japan etf	$303,000	–	25,200	–	0.12%	–
GXG	New	GLOBAL X FDSbolsa ftse col20	$292,000	–	14,500	–	0.12%	–
DOW	New	DOW CHEM CO	$288,000	–	5,600	–	0.11%	–
GS	New	GOLDMAN SACHS GROUP INC	$286,000	–	1,710	–	0.11%	–
AFK	New	MARKET VECTORS ETF TRafrica etf	$280,000	–	8,500	–	0.11%	–
CAT	New	CATERPILLAR INC DEL	$277,000	–	2,550	–	0.11%	–
EWQ	New	ISHARESmsci france etf	$274,000	–	9,400	–	0.11%	–
PM	New	PHILIP MORRIS INTL INC	$273,000	–	3,240	–	0.11%	–
XOM	New	EXXON MOBIL CORP	$269,000	–	2,675	–	0.11%	–
SYMC	New	SYMANTEC CORP	$247,000	–	10,800	–	0.10%	–
HD	New	HOME DEPOT INC	$243,000	–	3,000	–	0.10%	–
OI	New	OWENS ILL INC	$242,000	–	7,000	–	0.10%	–
PCAR	New	PACCAR INC	$239,000	–	3,800	–	0.09%	–
M	New	MACYS INC	$232,000	–	4,000	–	0.09%	–
ADBE	New	ADOBE SYS INC	$229,000	–	3,160	–	0.09%	–
MMM	New	3M CO	$221,000	–	1,540	–	0.09%	–
KRFT	New	KRAFT FOODS GROUP INC	$215,000	–	3,590	–	0.08%	–
HPQ	New	HEWLETT PACKARD CO	$214,000	–	6,350	–	0.08%	–
IFN	New	INDIA FD INC	$210,000	–	8,268	–	0.08%	–
BIIB	New	BIOGEN IDEC INC	$208,000	–	660	–	0.08%	–
A	New	AGILENT TECHNOLOGIES INC	$201,000	–	3,500	–	0.08%	–
AMD	New	ADVANCED MICRO DEVICES INC	$170,000	–	40,540	–	0.07%	–
SFXEQ	New	SFX ENTMT INC	$153,000	–	18,930	–	0.06%	–

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