AMERICAN ASSET MANAGEMENT INC. Activity Q4 2012-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$36,035,151	+3.1%	84,297	+6.9%	60.69%	+66.3%
TLT	Sell	ISHARES TR20 yr tr bd etf	$19,781,046	-14.4%	223,036	-0.6%	33.32%	+38.1%
AAPL	Sell	APPLE INC	$440,866	-23.7%	2,575	-13.6%	0.74%	+23.0%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$368,516	+0.2%	1,052	-2.4%	0.62%	+61.7%
V	Exit	VISA INC	$0	–	-850	–	-0.21%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-600	–	-0.25%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-975	–	-0.29%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-550	–	-0.31%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-1,000	–	-0.44%	–
IAU	Exit	ISHARES GOLD TRishares new	$0	–	-98,905	–	-3.76%	–
GLD	Exit	SPDR GOLD TR	$0	–	-162,334	–	-30.22%	–

Q2 2023

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$34,946,510	–	78,836	–	36.50%	–
GLD	New	SPDR GOLD TR	$28,939,371	–	162,334	–	30.22%	–
TLT	New	ISHARES TR20 yr tr bd etf	$23,103,306	–	224,435	–	24.13%	–
IAU	New	ISHARES GOLD TRishares new	$3,599,153	–	98,905	–	3.76%	–
POCT	New	INNOVATOR ETFS TRus eqty pwr buf	$1,024,684	–	30,615	–	1.07%	–
IVV	New	ISHARES TRcore s&p500 etf	$807,627	–	1,812	–	0.84%	–
PJAN	New	INNOVATOR ETFS TRus eqty pwr buf	$726,075	–	20,680	–	0.76%	–
AAPL	New	APPLE INC	$578,031	–	2,980	–	0.60%	–
NVDA	New	NVIDIA CORPORATION	$423,020	–	1,000	–	0.44%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$367,598	–	1,078	–	0.38%	–
COST	New	COSTCO WHSL CORP NEW	$296,109	–	550	–	0.31%	–
FB	New	META PLATFORMS INCcl a	$279,806	–	975	–	0.29%	–
MA	New	MASTERCARD INCORPORATEDcl a	$235,980	–	600	–	0.25%	–
REAL	New	THE REALREAL INC	$222,000	–	100,000	–	0.23%	–
V	New	VISA INC	$201,858	–	850	–	0.21%	–

Q4 2022

			Value		Shares		↓ Weighting
REAL	Exit	THE REALREAL INC	$0	–	-100,000	–	-0.18%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,100	–	-0.36%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-3,400	–	-0.39%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,940	–	-0.54%	–
AAPL	Exit	APPLE INC	$0	–	-3,280	–	-0.55%	–
TLT	Exit	ISHARES TR20 yr tr bd etf	$0	–	-222,129	–	-27.59%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-80,638	–	-34.92%	–
GLD	Exit	SPDR GOLD TR	$0	–	-189,144	–	-35.47%	–

Q3 2022

			Value		Shares		↓ Weighting
GLD	Sell	SPDR GOLD TR	$29,255,000	-10.4%	189,144	-2.4%	35.47%	-0.7%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$28,802,000	-7.2%	80,638	-2.0%	34.92%	+2.8%
TLT	Sell	ISHARES TR20 yr tr bd etf	$22,757,000	-12.3%	222,129	-1.7%	27.59%	-2.9%
AAPL	Sell	APPLE INC	$453,000	-1.1%	3,280	-2.1%	0.55%	+9.6%
GOOGL	Buy	ALPHABET INCcap stk cl a	$325,000	-12.2%	3,400	+1900.0%	0.39%	-2.7%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$294,000	-2.3%	1,100	-0.2%	0.36%	+8.2%
REAL	New	THE REALREAL INC	$150,000	–	100,000	–	0.18%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-1,400	–	-0.23%	–

Q2 2022

			Value		Shares		↓ Weighting
GLD	New	SPDR GOLD TR	$32,639,000	–	193,752	–	35.71%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$31,046,000	–	82,295	–	33.97%	–
TLT	New	ISHARES TR20 yr tr bd etf	$25,960,000	–	225,991	–	28.40%	–
AAPL	New	APPLE INC	$458,000	–	3,350	–	0.50%	–
AMZN	New	AMAZON COM INC	$418,000	–	3,940	–	0.46%	–
GOOGL	New	ALPHABET INCcap stk cl a	$370,000	–	170	–	0.40%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$301,000	–	1,102	–	0.33%	–
NVDA	New	NVIDIA CORPORATION	$212,000	–	1,400	–	0.23%	–

Q4 2021

			Value		Shares		↓ Weighting
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,102	–	-0.26%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-1,400	–	-0.29%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-170	–	-0.41%	–
AMZN	Exit	AMAZON COM INC	$0	–	-226	–	-0.62%	–
AAPL	Exit	APPLE INC	$0	–	-8,873	–	-1.07%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-107,250	–	-9.57%	–
GLD	Exit	SPDR GOLD TR	$0	–	-193,100	–	-26.00%	–
TLT	Exit	ISHARES TR20 yr tr bd etf	$0	–	-219,403	–	-26.18%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-95,982	–	-35.61%	–

Q3 2021

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$44,080,000	+7.6%	95,982	+0.3%	35.61%	+11.0%
TLT	Buy	ISHARES TR20 yr tr bd etf	$32,404,000	+3.7%	219,403	+1.4%	26.18%	+7.0%
GLD	Buy	SPDR GOLD TR	$32,180,000	+2.1%	193,100	+1.4%	26.00%	+5.3%
SHV	Sell	ISHARES TRshort treas bd	$11,845,000	-43.3%	107,250	-43.3%	9.57%	-41.4%
AAPL	Sell	APPLE INC	$1,329,000	+1.6%	8,873	-7.1%	1.07%	+4.9%
AMZN	Sell	AMAZON COM INC	$762,000	-8.9%	226	-7.0%	0.62%	-5.8%
NVDA	Buy	NVIDIA CORPORATION	$358,000	+37.7%	1,400	+330.8%	0.29%	+41.7%

Q2 2021

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$40,974,000	–	95,720	–	32.07%	–
GLD	New	SPDR GOLD TR	$31,528,000	–	190,352	–	24.68%	–
TLT	New	ISHARES TR20 yr tr bd etf	$31,249,000	–	216,477	–	24.46%	–
SHV	New	ISHARES TRshort treas bd	$20,882,000	–	188,998	–	16.34%	–
AAPL	New	APPLE INC	$1,308,000	–	9,551	–	1.02%	–
AMZN	New	AMAZON COM INC	$836,000	–	243	–	0.65%	–
GOOGL	New	ALPHABET INCcap stk cl a	$415,000	–	170	–	0.32%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$306,000	–	1,102	–	0.24%	–
NVDA	New	NVIDIA CORPORATION	$260,000	–	325	–	0.20%	–

Q4 2020

			Value		Shares		↓ Weighting
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-170	–	-0.52%	–
AMZN	Exit	AMAZON COM INC	$0	–	-265	–	-1.74%	–
AAPL	Exit	APPLE INC	$0	–	-9,388	–	-2.27%	–
TLT	Exit	ISHARES TR20 yr tr bd etf	$0	–	-82,763	–	-28.24%	–
GLD	Exit	SPDR GOLD TR	$0	–	-87,170	–	-32.27%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-49,920	–	-34.95%	–

Q3 2020

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$16,718,000	+15.4%	49,920	+6.3%	34.95%	+4.4%
GLD	Buy	SPDR GOLD TR	$15,440,000	+7.7%	87,170	+1.8%	32.27%	-2.6%
TLT	Buy	ISHARES TR20 yr tr bd etf	$13,512,000	+5.2%	82,763	+5.6%	28.24%	-4.9%
AAPL	Buy	APPLE INC	$1,087,000	+87.1%	9,388	+489.0%	2.27%	+69.2%
CPTA	Exit	CAPITALA FIN CORP	$0	–	-20,000	–	-0.12%	–

Q2 2020

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$14,485,000	–	46,976	–	33.47%	–
GLD	New	SPDR GOLD TR	$14,334,000	–	85,642	–	33.12%	–
TLT	New	ISHARES TR20 yr tr bd etf	$12,850,000	–	78,389	–	29.69%	–
AMZN	New	AMAZON COM INC	$731,000	–	265	–	1.69%	–
AAPL	New	APPLE INC	$581,000	–	1,594	–	1.34%	–
GOOGL	New	ALPHABET INCcap stk cl a	$241,000	–	170	–	0.56%	–
CPTA	New	CAPITALA FIN CORP	$53,000	–	20,000	–	0.12%	–

Q4 2019

			Value		Shares		↓ Weighting
GERN	Exit	GERON CORP	$0	–	-20,500	–	-0.02%	–
WPG	Exit	WASHINGTON PRIME GROUP NEW	$0	–	-18,400	–	-0.05%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-10,450	–	-0.07%	–
F	Exit	FORD MTR CO DEL	$0	–	-16,528	–	-0.10%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,900	–	-0.14%	–
VGR	Exit	VECTOR GROUP LTD	$0	–	-17,013	–	-0.14%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-1,380	–	-0.14%	–
BIP	Exit	BROOKFIELD INFRAST PARTNERSlp int unit	$0	–	-4,185	–	-0.14%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-1,636	–	-0.14%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,480	–	-0.15%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-3,750	–	-0.15%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-9,269	–	-0.15%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-5,100	–	-0.15%	–
TU	Exit	TELUS CORP	$0	–	-6,303	–	-0.16%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-44,584	–	-0.16%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-1,982	–	-0.16%	–
PAYX	Exit	PAYCHEX INC	$0	–	-2,900	–	-0.16%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-952	–	-0.17%	–
FSK	Exit	FS KKR CAPITAL CORP	$0	–	-41,400	–	-0.17%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-1,900	–	-0.17%	–
MET	Exit	METLIFE INC	$0	–	-5,294	–	-0.17%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-4,007	–	-0.17%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-2,167	–	-0.18%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-3,222	–	-0.18%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-3,561	–	-0.18%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-2,800	–	-0.18%	–
BBT	Exit	BB&T CORP	$0	–	-5,102	–	-0.19%	–
KIM	Exit	KIMCO RLTY CORP	$0	–	-13,075	–	-0.19%	–
AB	Exit	ALLIANCEBERNSTEIN HOLDING LPunit ltd partn	$0	–	-9,572	–	-0.19%	–
NEP	Exit	NEXTERA ENERGY PARTNERS LP	$0	–	-5,350	–	-0.20%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-2,259	–	-0.20%	–
LAZ	Exit	LAZARD LTD	$0	–	-8,375	–	-0.20%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,185	–	-0.20%	–
RF	Exit	REGIONS FINL CORP NEW	$0	–	-18,705	–	-0.20%	–
STWD	Exit	STARWOOD PPTY TR INC	$0	–	-12,300	–	-0.20%	–
WMT	Exit	WALMART INC	$0	–	-2,512	–	-0.20%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-4,980	–	-0.21%	–
SMG	Exit	SCOTTS MIRACLE GRO COcl a	$0	–	-2,964	–	-0.21%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-3,803	–	-0.21%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.22%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-4,952	–	-0.22%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-2,000	–	-0.22%	–
FHN	Exit	FIRST HORIZON NATL CORP	$0	–	-20,300	–	-0.23%	–
KO	Exit	COCA COLA CO	$0	–	-6,126	–	-0.23%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,578	–	-0.23%	–
BCE	Exit	BCE INC	$0	–	-7,065	–	-0.24%	–
CMI	Exit	CUMMINS INC	$0	–	-2,210	–	-0.25%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-3,117	–	-0.25%	–
TY	Exit	TRI CONTL CORP	$0	–	-13,643	–	-0.26%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-5,624	–	-0.26%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-2,120	–	-0.26%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-4,227	–	-0.26%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-1,280	–	-0.26%	–
APTS	Exit	PREFERRED APT CMNTYS INC	$0	–	-27,300	–	-0.27%	–
RTN	Exit	RAYTHEON CO	$0	–	-2,203	–	-0.30%	–
RA	Exit	BROOKFIELD REAL ASSETS INCOM	$0	–	-19,367	–	-0.30%	–
PFG	Exit	PRINCIPAL FINL GROUP INC	$0	–	-7,757	–	-0.30%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-2,995	–	-0.31%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-3,624	–	-0.31%	–
GLOP	Exit	GASLOG PARTNERS LPunit ltd ptnrp	$0	–	-24,050	–	-0.31%	–
STX	Exit	SEAGATE TECHNOLOGY PLC	$0	–	-8,870	–	-0.33%	–
SHLX	Exit	SHELL MIDSTREAM PARTNERS L Punit ltd int	$0	–	-23,450	–	-0.33%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-394	–	-0.33%	–
MRK	Exit	MERCK & CO INC	$0	–	-5,883	–	-0.34%	–
IP	Exit	INTL PAPER CO	$0	–	-11,832	–	-0.34%	–
ITA	Exit	ISHARES TRus aer def etf	$0	–	-2,217	–	-0.34%	–
LMRK	Exit	LANDMARK INFRASTRUCTURE LP	$0	–	-27,750	–	-0.34%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-1,862	–	-0.35%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,795	–	-0.36%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-40,495	–	-0.36%	–
MIC	Exit	MACQUARIE INFRASTRUCTURE COR	$0	–	-13,450	–	-0.37%	–
C	Exit	CITIGROUP INC	$0	–	-8,106	–	-0.39%	–
KEY	Exit	KEYCORP NEW	$0	–	-32,325	–	-0.40%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-5,350	–	-0.42%	–
INTC	Exit	INTEL CORP	$0	–	-12,699	–	-0.45%	–
ETN	Exit	EATON CORP PLC	$0	–	-8,304	–	-0.48%	–
GLPI	Exit	GAMING & LEISURE PPTYS INC	$0	–	-18,150	–	-0.48%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-4,305	–	-0.48%	–
IEP	Exit	ICAHN ENTERPRISES LPdepositary unit	$0	–	-11,068	–	-0.49%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-3,501	–	-0.50%	–
PPL	Exit	PPL CORP	$0	–	-23,415	–	-0.51%	–
QCOM	Exit	QUALCOMM INC	$0	–	-9,726	–	-0.51%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,902	–	-0.51%	–
MTB	Exit	M & T BK CORP	$0	–	-4,796	–	-0.52%	–
NEWT	Exit	NEWTEK BUSINESS SVCS CORP	$0	–	-33,903	–	-0.53%	–
HD	Exit	HOME DEPOT INC	$0	–	-3,310	–	-0.53%	–
ABBV	Exit	ABBVIE INC	$0	–	-10,226	–	-0.53%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-4,531	–	-0.57%	–
ARCC	Exit	ARES CAP CORP	$0	–	-44,561	–	-0.57%	–
SO	Exit	SOUTHERN CO	$0	–	-13,521	–	-0.58%	–
BA	Exit	BOEING CO	$0	–	-2,298	–	-0.60%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-15,242	–	-0.63%	–
PFE	Exit	PFIZER INC	$0	–	-27,241	–	-0.67%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-4,268	–	-0.68%	–
V	Exit	VISA INC	$0	–	-5,880	–	-0.70%	–
T	Exit	AT&T INC	$0	–	-26,763	–	-0.70%	–
SYK	Exit	STRYKER CORP	$0	–	-4,745	–	-0.71%	–
AES	Exit	AES CORP	$0	–	-65,075	–	-0.73%	–
AMZN	Exit	AMAZON COM INC	$0	–	-672	–	-0.80%	–
D	Exit	DOMINION ENERGY INC	$0	–	-14,554	–	-0.81%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-10,257	–	-0.83%	–
CSCO	Exit	CISCO SYS INC	$0	–	-25,273	–	-0.86%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-9,745	–	-0.92%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,316	–	-1.10%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFut ser 1	$0	–	-6,000	–	-1.11%	–
ECL	Exit	ECOLAB INC	$0	–	-10,901	–	-1.49%	–
AAPL	Exit	APPLE INC	$0	–	-12,600	–	-1.94%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-20,422	–	-1.96%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-193,276	–	-18.48%	–
TLT	Exit	ISHARES TR20 yr tr bd etf	$0	–	-190,540	–	-18.77%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-99,866	–	-20.40%	–

Q3 2019

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$29,637,000	+2.0%	99,866	+0.7%	20.40%	+1.9%
TLT	Sell	ISHARES TR20 yr tr bd etf	$27,262,000	+0.3%	190,540	-6.9%	18.77%	+0.2%
GLD	Sell	SPDR GOLD TRUST	$26,840,000	-5.7%	193,276	-9.5%	18.48%	-5.8%
MSFT	Buy	MICROSOFT CORP	$2,839,000	+6.1%	20,422	+2.3%	1.96%	+6.0%
AAPL	Buy	APPLE INC	$2,822,000	+13.8%	12,600	+0.6%	1.94%	+13.7%
ECL	Sell	ECOLAB INC	$2,159,000	-0.6%	10,901	-0.8%	1.49%	-0.7%
GOOG	Sell	ALPHABET INCcap stk cl c	$1,604,000	+12.6%	1,316	-0.1%	1.10%	+12.5%
UTX	Buy	UNITED TECHNOLOGIES CORP	$1,330,000	+19.7%	9,745	+14.2%	0.92%	+19.6%
CSCO	Buy	CISCO SYS INC	$1,249,000	-9.2%	25,273	+0.5%	0.86%	-9.3%
D	Buy	DOMINION ENERGY INC	$1,179,000	+7.8%	14,554	+2.8%	0.81%	+7.7%
AMZN	Buy	AMAZON COM INC	$1,167,000	-6.0%	672	+2.4%	0.80%	-6.2%
AES	Sell	AES CORP	$1,063,000	-3.1%	65,075	-0.6%	0.73%	-3.2%
T	Buy	AT&T INC	$1,013,000	+17.0%	26,763	+3.5%	0.70%	+16.8%
V	Sell	VISA INC	$1,011,000	-1.3%	5,880	-0.3%	0.70%	-1.4%
PFE	Sell	PFIZER INC	$979,000	-19.9%	27,241	-3.5%	0.67%	-20.0%
VZ	Sell	VERIZON COMMUNICATIONS INC	$920,000	+3.5%	15,242	-2.0%	0.63%	+3.3%
BA	Buy	BOEING CO	$874,000	+9.5%	2,298	+4.8%	0.60%	+9.5%
ARCC	Buy	ARES CAP CORP	$830,000	+5.1%	44,561	+1.1%	0.57%	+5.0%
GD	Buy	GENERAL DYNAMICS CORP	$828,000	+24.7%	4,531	+24.0%	0.57%	+24.5%
ABBV	Buy	ABBVIE INC	$774,000	+104.2%	10,226	+96.1%	0.53%	+104.2%
HD	Buy	HOME DEPOT INC	$768,000	+17.8%	3,310	+5.6%	0.53%	+17.8%
NEWT	Buy	NEWTEK BUSINESS SVCS CORP	$766,000	+1.5%	33,903	+3.3%	0.53%	+1.3%
LMT	Buy	LOCKHEED MARTIN CORP	$742,000	+14.2%	1,902	+6.4%	0.51%	+14.1%
QCOM	Sell	QUALCOMM INC	$742,000	-0.3%	9,726	-0.5%	0.51%	-0.4%
PPL	Buy	PPL CORP	$737,000	+4.7%	23,415	+3.1%	0.51%	+4.5%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$728,000	+1.8%	3,501	+4.3%	0.50%	+1.6%
IEP	Buy	ICAHN ENTERPRISES LPdepositary unit	$711,000	+0.1%	11,068	+12.8%	0.49%	+0.2%
GLPI	Sell	GAMING & LEISURE PPTYS INC	$694,000	-4.7%	18,150	-2.9%	0.48%	-4.8%
ETN	Sell	EATON CORP PLC	$690,000	-2.7%	8,304	-2.4%	0.48%	-2.9%
INTC	Buy	INTEL CORP	$654,000	+8.5%	12,699	+0.8%	0.45%	+8.2%
WM	Sell	WASTE MGMT INC DEL	$615,000	-4.8%	5,350	-4.5%	0.42%	-4.9%
KEY	Buy	KEYCORP NEW	$577,000	+27.1%	32,325	+26.4%	0.40%	+26.8%
C	Buy	CITIGROUP INC	$560,000	+0.9%	8,106	+2.2%	0.39%	+0.8%
MIC	Sell	MACQUARIE INFRASTRUCTURE COR	$531,000	-4.7%	13,450	-2.2%	0.37%	-4.7%
ET	Buy	ENERGY TRANSFER LP	$530,000	-6.5%	40,495	+0.5%	0.36%	-6.6%
COST	Buy	COSTCO WHSL CORP NEW	$517,000	+15.4%	1,795	+5.9%	0.36%	+15.2%
MA	Sell	MASTERCARD INCcl a	$506,000	+0.6%	1,862	-2.0%	0.35%	+0.3%
LMRK	Sell	LANDMARK INFRASTRUCTURE LP	$501,000	+3.9%	27,750	-3.0%	0.34%	+3.9%
ITA	Buy	ISHARES TRus aer def etf	$498,000	+17.2%	2,217	+11.9%	0.34%	+17.1%
IP	Sell	INTL PAPER CO	$495,000	-4.3%	11,832	-0.8%	0.34%	-4.2%
MRK	Buy	MERCK & CO INC	$495,000	+67.8%	5,883	+67.0%	0.34%	+68.0%
GOOGL	Sell	ALPHABET INCcap stk cl a	$481,000	+8.3%	394	-3.9%	0.33%	+8.2%
SHLX	Buy	SHELL MIDSTREAM PARTNERS L Punit ltd int	$480,000	+83.9%	23,450	+86.1%	0.33%	+83.3%
STX	Sell	SEAGATE TECHNOLOGY PLC	$477,000	+12.2%	8,870	-1.8%	0.33%	+11.9%
GLOP	Buy	GASLOG PARTNERS LPunit ltd ptnrp	$456,000	-7.1%	24,050	+3.9%	0.31%	-7.1%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$452,000	-9.8%	2,995	-10.2%	0.31%	-9.9%
PG	Sell	PROCTER & GAMBLE CO	$451,000	-15.5%	3,624	-25.6%	0.31%	-15.5%
PFG	Sell	PRINCIPAL FINL GROUP INC	$443,000	-6.7%	7,757	-5.4%	0.30%	-6.7%
RA	Buy	BROOKFIELD REAL ASSETS INCOM	$438,000	+7.1%	19,367	+2.7%	0.30%	+7.1%
APTS	Buy	PREFERRED APT CMNTYS INC	$394,000	-2.7%	27,300	+0.7%	0.27%	-2.9%
IVV	Sell	ISHARES TRcore s&p500 etf	$382,000	0.0%	1,280	-1.3%	0.26%	0.0%
PRU	Buy	PRUDENTIAL FINL INC	$380,000	+3.8%	4,227	+16.5%	0.26%	+4.0%
FB	Buy	FACEBOOK INCcl a	$378,000	-1.6%	2,120	+6.6%	0.26%	-1.9%
EMR	Buy	EMERSON ELEC CO	$376,000	+5.3%	5,624	+5.1%	0.26%	+5.3%
TY	Sell	TRI CONTL CORP	$372,000	+0.3%	13,643	-0.7%	0.26%	0.0%
CMI	Buy	CUMMINS INC	$360,000	+16.9%	2,210	+22.8%	0.25%	+17.0%
KO	Sell	COCA COLA CO	$333,000	+2.1%	6,126	-4.4%	0.23%	+1.8%
FHN	Buy	FIRST HORIZON NATL CORP	$329,000	+41.2%	20,300	+30.1%	0.23%	+41.0%
SMG	New	SCOTTS MIRACLE GRO COcl a	$302,000	–	2,964	–	0.21%	–
RF	Sell	REGIONS FINL CORP NEW	$296,000	+5.3%	18,705	-0.5%	0.20%	+5.2%
LAZ	Sell	LAZARD LTD	$293,000	-0.7%	8,375	-2.3%	0.20%	-0.5%
JNJ	Sell	JOHNSON & JOHNSON	$292,000	-36.1%	2,259	-31.2%	0.20%	-36.2%
NEP	Buy	NEXTERA ENERGY PARTNERS LP	$283,000	+14.1%	5,350	+3.9%	0.20%	+14.0%
AB	Buy	ALLIANCEBERNSTEIN HOLDING LPunit ltd partn	$281,000	+5.2%	9,572	+6.7%	0.19%	+4.9%
KIM	Sell	KIMCO RLTY CORP	$273,000	-40.1%	13,075	-47.1%	0.19%	-40.1%
BBT	Sell	BB&T CORP	$272,000	+0.7%	5,102	-7.3%	0.19%	+0.5%
BMO	Sell	BANK MONTREAL QUE	$263,000	-16.2%	3,561	-14.4%	0.18%	-16.2%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$259,000	+7.0%	3,222	+4.0%	0.18%	+6.6%
CVS	New	CVS HEALTH CORP	$253,000	–	4,007	–	0.17%	–
MET	Sell	METLIFE INC	$250,000	-7.4%	5,294	-2.8%	0.17%	-7.5%
FSK	Buy	FS KKR CAPITAL CORP	$241,000	+11.6%	41,400	+14.0%	0.17%	+11.4%
NOK	Buy	NOKIA CORPsponsored adr	$226,000	+26.3%	44,584	+25.0%	0.16%	+26.8%
WMB	Sell	WILLIAMS COS INC DEL	$223,000	-43.4%	9,269	-34.1%	0.15%	-43.4%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$215,000	+5.4%	1,480	-0.1%	0.15%	+5.0%
BIP	New	BROOKFIELD INFRAST PARTNERSlp int unit	$208,000	–	4,185	–	0.14%	–
VGR	Buy	VECTOR GROUP LTD	$203,000	+35.3%	17,013	+10.4%	0.14%	+35.9%
MO	Sell	ALTRIA GROUP INC	$200,000	-63.7%	4,900	-57.9%	0.14%	-63.7%
F	Sell	FORD MTR CO DEL	$151,000	-26.0%	16,528	-17.0%	0.10%	-26.2%
FCX	New	FREEPORT-MCMORAN INCcl b	$100,000	–	10,450	–	0.07%	–
WPG	Buy	WASHINGTON PRIME GROUP NEW	$76,000	+38.2%	18,400	+27.8%	0.05%	+36.8%
GERN	Buy	GERON CORP	$27,000	-3.6%	20,500	+2.5%	0.02%	0.0%
SIRI	Exit	SIRIUS XM HLDGS INC	$0	–	-12,614	–	-0.05%	–
SLM	Exit	SLM CORP	$0	–	-10,700	–	-0.07%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-18,777	–	-0.13%	–
ADBE	Exit	ADOBE INC	$0	–	-700	–	-0.14%	–
IRM	Exit	IRON MTN INC NEW	$0	–	-7,100	–	-0.15%	–
BAC	Exit	BANK AMER CORP	$0	–	-8,479	–	-0.17%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-14,645	–	-0.45%	–

Q2 2019

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$29,050,000	–	99,145	–	20.02%	–
GLD	New	SPDR GOLD TRUST	$28,456,000	–	213,633	–	19.61%	–
TLT	New	ISHARES TR20 yr tr bd etf	$27,190,000	–	204,730	–	18.74%	–
MSFT	New	MICROSOFT CORP	$2,675,000	–	19,966	–	1.84%	–
AAPL	New	APPLE INC	$2,480,000	–	12,529	–	1.71%	–
ECL	New	ECOLAB INC	$2,171,000	–	10,993	–	1.50%	–
DIA	New	SPDR DOW JONES INDL AVRG ETFut ser 1	$1,595,000	–	6,000	–	1.10%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,424,000	–	1,317	–	0.98%	–
CSCO	New	CISCO SYS INC	$1,376,000	–	25,141	–	0.95%	–
AMZN	New	AMAZON COM INC	$1,242,000	–	656	–	0.86%	–
PFE	New	PFIZER INC	$1,222,000	–	28,220	–	0.84%	–
JPM	New	JPMORGAN CHASE & CO	$1,147,000	–	10,257	–	0.79%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,111,000	–	8,530	–	0.77%	–
AES	New	AES CORP	$1,097,000	–	65,475	–	0.76%	–
D	New	DOMINION ENERGY INC	$1,094,000	–	14,154	–	0.75%	–
V	New	VISA INC	$1,024,000	–	5,900	–	0.71%	–
SYK	New	STRYKER CORP	$975,000	–	4,745	–	0.67%	–
VZ	New	VERIZON COMMUNICATIONS INC	$889,000	–	15,552	–	0.61%	–
NEE	New	NEXTERA ENERGY INC	$874,000	–	4,268	–	0.60%	–
T	New	AT&T INC	$866,000	–	25,848	–	0.60%	–
MTB	New	M & T BK CORP	$816,000	–	4,796	–	0.56%	–
BA	New	BOEING CO	$798,000	–	2,193	–	0.55%	–
ARCC	New	ARES CAP CORP	$790,000	–	44,061	–	0.54%	–
NEWT	New	NEWTEK BUSINESS SVCS CORP	$755,000	–	32,828	–	0.52%	–
SO	New	SOUTHERN CO	$747,000	–	13,521	–	0.52%	–
QCOM	New	QUALCOMM INC	$744,000	–	9,776	–	0.51%	–
DEO	New	DIAGEO P L Cspon adr new	$742,000	–	4,305	–	0.51%	–
GLPI	New	GAMING & LEISURE PPTYS INC	$728,000	–	18,685	–	0.50%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$715,000	–	3,356	–	0.49%	–
IEP	New	ICAHN ENTERPRISES LPdepositary unit	$710,000	–	9,812	–	0.49%	–
ETN	New	EATON CORP PLC	$709,000	–	8,511	–	0.49%	–
PPL	New	PPL CORP	$704,000	–	22,715	–	0.48%	–
GD	New	GENERAL DYNAMICS CORP	$664,000	–	3,654	–	0.46%	–
BX	New	BLACKSTONE GROUP L P	$651,000	–	14,645	–	0.45%	–
HD	New	HOME DEPOT INC	$652,000	–	3,135	–	0.45%	–
LMT	New	LOCKHEED MARTIN CORP	$650,000	–	1,787	–	0.45%	–
WM	New	WASTE MGMT INC DEL	$646,000	–	5,600	–	0.44%	–
INTC	New	INTEL CORP	$603,000	–	12,599	–	0.42%	–
ET	New	ENERGY TRANSFER LP	$567,000	–	40,295	–	0.39%	–
MIC	New	MACQUARIE INFRASTRUCTURE COR	$557,000	–	13,750	–	0.38%	–
C	New	CITIGROUP INC	$555,000	–	7,931	–	0.38%	–
MO	New	ALTRIA GROUP INC	$551,000	–	11,633	–	0.38%	–
PG	New	PROCTER AND GAMBLE CO	$534,000	–	4,874	–	0.37%	–
IP	New	INTL PAPER CO	$517,000	–	11,932	–	0.36%	–
MA	New	MASTERCARD INCcl a	$503,000	–	1,900	–	0.35%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$501,000	–	3,336	–	0.34%	–
GLOP	New	GASLOG PARTNERS LPunit ltd ptnrp	$491,000	–	23,150	–	0.34%	–
LMRK	New	LANDMARK INFRASTRUCTURE LP	$482,000	–	28,600	–	0.33%	–
PFG	New	PRINCIPAL FINL GROUP INC	$475,000	–	8,197	–	0.33%	–
JNJ	New	JOHNSON & JOHNSON	$457,000	–	3,284	–	0.32%	–
KIM	New	KIMCO RLTY CORP	$456,000	–	24,700	–	0.31%	–
KEY	New	KEYCORP NEW	$454,000	–	25,575	–	0.31%	–
COST	New	COSTCO WHSL CORP NEW	$448,000	–	1,695	–	0.31%	–
GOOGL	New	ALPHABET INCcap stk cl a	$444,000	–	410	–	0.31%	–
STX	New	SEAGATE TECHNOLOGY PLC	$425,000	–	9,030	–	0.29%	–
ITA	New	ISHARES TRus aer def etf	$425,000	–	1,982	–	0.29%	–
RA	New	BROOKFIELD REAL ASSETS INCOM	$409,000	–	18,867	–	0.28%	–
APTS	New	PREFERRED APT CMNTYS INC	$405,000	–	27,100	–	0.28%	–
WMB	New	WILLIAMS COS INC DEL	$394,000	–	14,069	–	0.27%	–
FB	New	FACEBOOK INCcl a	$384,000	–	1,989	–	0.26%	–
RTN	New	RAYTHEON CO	$383,000	–	2,203	–	0.26%	–
IVV	New	ISHARES TRcore s&p500 etf	$382,000	–	1,297	–	0.26%	–
ABBV	New	ABBVIE INC	$379,000	–	5,216	–	0.26%	–
TY	New	TRI CONTL CORP	$371,000	–	13,744	–	0.26%	–
PRU	New	PRUDENTIAL FINL INC	$366,000	–	3,627	–	0.25%	–
EMR	New	EMERSON ELEC CO	$357,000	–	5,349	–	0.25%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$331,000	–	2,000	–	0.23%	–
MCD	New	MCDONALDS CORP	$328,000	–	1,578	–	0.23%	–
KO	New	COCA COLA CO	$326,000	–	6,405	–	0.22%	–
XOM	New	EXXON MOBIL CORP	$321,000	–	4,185	–	0.22%	–
BCE	New	BCE INC	$321,000	–	7,065	–	0.22%	–
ETR	New	ENTERGY CORP NEW	$321,000	–	3,117	–	0.22%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$318,000	–	1	–	0.22%	–
BMO	New	BANK MONTREAL QUE	$314,000	–	4,161	–	0.22%	–
UL	New	UNILEVER PLCspon adr new	$309,000	–	4,980	–	0.21%	–
CMI	New	CUMMINS INC	$308,000	–	1,800	–	0.21%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$302,000	–	3,803	–	0.21%	–
MRK	New	MERCK & CO INC	$295,000	–	3,523	–	0.20%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$295,000	–	4,952	–	0.20%	–
LAZ	New	LAZARD LTD	$295,000	–	8,575	–	0.20%	–
RF	New	REGIONS FINL CORP NEW	$281,000	–	18,805	–	0.19%	–
WMT	New	WALMART INC	$278,000	–	2,512	–	0.19%	–
STWD	New	STARWOOD PPTY TR INC	$279,000	–	12,300	–	0.19%	–
CVX	New	CHEVRON CORP NEW	$270,000	–	2,167	–	0.19%	–
MET	New	METLIFE INC	$270,000	–	5,444	–	0.19%	–
BBT	New	BB&T CORP	$270,000	–	5,502	–	0.19%	–
AB	New	ALLIANCEBERNSTEIN HOLDING LPunit ltd partn	$267,000	–	8,972	–	0.18%	–
SHLX	New	SHELL MIDSTREAM PARTNERS L Punit ltd int	$261,000	–	12,600	–	0.18%	–
NEP	New	NEXTERA ENERGY PARTNERS LP	$248,000	–	5,150	–	0.17%	–
BAC	New	BANK AMER CORP	$246,000	–	8,479	–	0.17%	–
ED	New	CONSOLIDATED EDISON INC	$246,000	–	2,800	–	0.17%	–
AXP	New	AMERICAN EXPRESS CO	$245,000	–	1,982	–	0.17%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$242,000	–	3,098	–	0.17%	–
BDX	New	BECTON DICKINSON & CO	$240,000	–	952	–	0.16%	–
PAYX	New	PAYCHEX INC	$239,000	–	2,900	–	0.16%	–
TU	New	TELUS CORP	$233,000	–	6,303	–	0.16%	–
FHN	New	FIRST HORIZON NATL CORP	$233,000	–	15,600	–	0.16%	–
CAT	New	CATERPILLAR INC DEL	$223,000	–	1,636	–	0.15%	–
IRM	New	IRON MTN INC NEW	$222,000	–	7,100	–	0.15%	–
AMTD	New	TD AMERITRADE HLDG CORP	$219,000	–	3,750	–	0.15%	–
TXN	New	TEXAS INSTRS INC	$218,000	–	1,900	–	0.15%	–
FSK	New	FS KKR CAPITAL CORP	$216,000	–	36,300	–	0.15%	–
JCI	New	JOHNSON CTLS INTL PLC	$211,000	–	5,100	–	0.14%	–
CRM	New	SALESFORCE COM INC	$209,000	–	1,380	–	0.14%	–
ADBE	New	ADOBE INC	$206,000	–	700	–	0.14%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$204,000	–	1,481	–	0.14%	–
F	New	FORD MTR CO DEL	$204,000	–	19,913	–	0.14%	–
AMLP	New	ALPS ETF TRalerian mlp	$185,000	–	18,777	–	0.13%	–
NOK	New	NOKIA CORPsponsored adr	$179,000	–	35,675	–	0.12%	–
VGR	New	VECTOR GROUP LTD	$150,000	–	15,406	–	0.10%	–
SLM	New	SLM CORP	$104,000	–	10,700	–	0.07%	–
SIRI	New	SIRIUS XM HLDGS INC	$70,000	–	12,614	–	0.05%	–
WPG	New	WASHINGTON PRIME GROUP NEW	$55,000	–	14,400	–	0.04%	–
GERN	New	GERON CORP	$28,000	–	20,000	–	0.02%	–

Q4 2018

			Value		Shares		↓ Weighting
GERN	Exit	GERON CORP	$0	–	-25,500	–	-0.04%	–
ATAX	Exit	AMERICA FIRST MULTIFAMILY INben unit ctf	$0	–	-10,000	–	-0.05%	–
LYG	Exit	LLOYDS BANKING GROUP PLCsponsored adr	$0	–	-19,500	–	-0.05%	–
WPG	Exit	WASHINGTON PRIME GROUP NEW	$0	–	-10,600	–	-0.07%	–
CX	Exit	CEMEX SAB DE CVspon adr new	$0	–	-16,941	–	-0.10%	–
ADT	Exit	ADT INC	$0	–	-17,250	–	-0.14%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-35,866	–	-0.18%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-1,899	–	-0.18%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-928	–	-0.19%	–
MRK	Exit	MERCK & CO INC	$0	–	-2,988	–	-0.19%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-3,575	–	-0.19%	–
SLM	Exit	SLM CORP	$0	–	-19,550	–	-0.19%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-10,400	–	-0.19%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-20,777	–	-0.20%	–
BBT	Exit	BB&T CORP	$0	–	-4,602	–	-0.20%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-2,921	–	-0.20%	–
BAC	Exit	BANK AMER CORP	$0	–	-7,558	–	-0.20%	–
TK	Exit	TEEKAY CORPORATION	$0	–	-33,924	–	-0.20%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-670	–	-0.20%	–
TU	Exit	TELUS CORP	$0	–	-6,303	–	-0.20%	–
MS	Exit	MORGAN STANLEY	$0	–	-5,000	–	-0.20%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-1,542	–	-0.21%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-3,137	–	-0.21%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-8,706	–	-0.21%	–
BIP	Exit	BROOKFIELD INFRAST PARTNERSlp int unit	$0	–	-6,035	–	-0.21%	–
F	Exit	FORD MTR CO DEL	$0	–	-26,135	–	-0.21%	–
NEWT	Exit	NEWTEK BUSINESS SVCS CORP	$0	–	-11,792	–	-0.22%	–
AB	Exit	ALLIANCEBERNSTEIN HOLDING LPunit ltd partn	$0	–	-8,272	–	-0.22%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-3,116	–	-0.22%	–
CGC	Exit	CANOPY GROWTH CORP	$0	–	-5,230	–	-0.22%	–
MET	Exit	METLIFE INC	$0	–	-5,443	–	-0.22%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-2,187	–	-0.22%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,553	–	-0.23%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,002	–	-0.23%	–
IRM	Exit	IRON MTN INC NEW	$0	–	-7,650	–	-0.23%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-4,980	–	-0.24%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-10,102	–	-0.24%	–
VGR	Exit	VECTOR GROUP LTD	$0	–	-20,111	–	-0.24%	–
WMT	Exit	WALMART INC	$0	–	-2,990	–	-0.25%	–
BCE	Exit	BCE INC	$0	–	-7,065	–	-0.25%	–
KO	Exit	COCA COLA CO	$0	–	-6,223	–	-0.25%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-7,645	–	-0.26%	–
TRN	Exit	TRINITY INDS INC	$0	–	-7,991	–	-0.26%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-5,652	–	-0.26%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-2,000	–	-0.26%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-3,802	–	-0.27%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-1,930	–	-0.27%	–
DIN	Exit	DINE BRANDS GLOBAL INC	$0	–	-3,890	–	-0.28%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-3,711	–	-0.28%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-4,361	–	-0.32%	–
KIM	Exit	KIMCO RLTY CORP	$0	–	-22,300	–	-0.33%	–
UNIT	Exit	UNITI GROUP INC	$0	–	-19,450	–	-0.34%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-3,977	–	-0.35%	–
TY	Exit	TRI CONTL CORP	$0	–	-14,500	–	-0.36%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-4,873	–	-0.36%	–
ABBV	Exit	ABBVIE INC	$0	–	-4,316	–	-0.36%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,753	–	-0.36%	–
VOD	Exit	VODAFONE GROUP PLC NEWsponsored adr	$0	–	-18,969	–	-0.36%	–
RTN	Exit	RAYTHEON CO	$0	–	-2,052	–	-0.37%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-21,730	–	-0.39%	–
STX	Exit	SEAGATE TECHNOLOGY PLC	$0	–	-9,380	–	-0.39%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-2,000	–	-0.39%	–
KKR	Exit	KKR & CO INCcl a	$0	–	-16,448	–	-0.39%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-5,461	–	-0.41%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-6,128	–	-0.41%	–
GLOP	Exit	GASLOG PARTNERS LPunit ltd ptnrp	$0	–	-20,716	–	-0.46%	–
SO	Exit	SOUTHERN CO	$0	–	-11,925	–	-0.46%	–
ITA	Exit	ISHARES TRus aer def etf	$0	–	-2,401	–	-0.46%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-5,850	–	-0.46%	–
APTS	Exit	PREFERRED APT CMNTYS INC	$0	–	-30,400	–	-0.47%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-4,388	–	-0.47%	–
ARCC	Exit	ARES CAP CORP	$0	–	-31,351	–	-0.47%	–
QCOM	Exit	QUALCOMM INC	$0	–	-7,545	–	-0.48%	–
IEP	Exit	ICAHN ENTERPRISES LPdepositary unit	$0	–	-7,717	–	-0.48%	–
BA	Exit	BOEING CO	$0	–	-1,502	–	-0.49%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,781	–	-0.51%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,821	–	-0.51%	–
PFG	Exit	PRINCIPAL FINL GROUP INC	$0	–	-9,897	–	-0.51%	–
IP	Exit	INTL PAPER CO	$0	–	-12,132	–	-0.52%	–
D	Exit	DOMINION ENERGY INC	$0	–	-8,575	–	-0.53%	–
MIC	Exit	MACQUARIE INFRASTRUCTURE COR	$0	–	-13,300	–	-0.54%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-4,324	–	-0.57%	–
INTC	Exit	INTEL CORP	$0	–	-13,894	–	-0.58%	–
GLPI	Exit	GAMING & LEISURE PPTYS INC	$0	–	-18,835	–	-0.58%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-4,117	–	-0.61%	–
ETN	Exit	EATON CORP PLC	$0	–	-8,096	–	-0.62%	–
MTB	Exit	M & T BK CORP	$0	–	-4,445	–	-0.64%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,365	–	-0.65%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-4,595	–	-0.66%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-12,750	–	-0.68%	–
C	Exit	CITIGROUP INC	$0	–	-10,705	–	-0.68%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-5,455	–	-0.68%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-7,091	–	-0.69%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFut ser 1	$0	–	-3,000	–	-0.70%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-15,202	–	-0.71%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-6,065	–	-0.74%	–
SYK	Exit	STRYKER CORP	$0	–	-4,777	–	-0.75%	–
V	Exit	VISA INC	$0	–	-5,850	–	-0.77%	–
AES	Exit	AES CORP	$0	–	-65,875	–	-0.81%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-14,867	–	-0.84%	–
AMZN	Exit	AMAZON COM INC	$0	–	-546	–	-0.96%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-10,016	–	-0.99%	–
CSCO	Exit	CISCO SYS INC	$0	–	-23,839	–	-1.02%	–
PFE	Exit	PFIZER INC	$0	–	-28,820	–	-1.12%	–
T	Exit	AT&T INC	$0	–	-39,934	–	-1.18%	–
ECL	Exit	ECOLAB INC	$0	–	-11,093	–	-1.53%	–
TLT	Exit	ISHARES TR20 yr tr bd etf	$0	–	-18,929	–	-1.95%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-20,279	–	-2.01%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-20,766	–	-2.09%	–
AAPL	Exit	APPLE INC	$0	–	-12,199	–	-2.42%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-188,181	–	-48.05%	–

Q3 2018

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$54,708,000	+0.4%	188,181	-6.3%	48.05%	+34.0%
AAPL	Buy	APPLE INC	$2,754,000	+26.3%	12,199	+3.6%	2.42%	+68.6%
MSFT	Buy	MICROSOFT CORP	$2,375,000	+20.2%	20,766	+3.6%	2.09%	+60.5%
GLD	Sell	SPDR GOLD TRUST	$2,287,000	-9.3%	20,279	-4.5%	2.01%	+21.1%
TLT	Sell	ISHARES TR20 yr tr bd etf	$2,220,000	-95.2%	18,929	-95.0%	1.95%	-93.6%
T	Buy	AT&T INC	$1,341,000	+11.8%	39,934	+6.9%	1.18%	+49.1%
PFE	Buy	PFIZER INC	$1,270,000	+22.2%	28,820	+0.7%	1.12%	+63.2%
CSCO	Buy	CISCO SYS INC	$1,160,000	+14.1%	23,839	+0.9%	1.02%	+52.3%
JPM	Buy	JPMORGAN CHASE & CO	$1,130,000	+12.7%	10,016	+4.1%	0.99%	+50.5%
AMZN	Buy	AMAZON COM INC	$1,094,000	+21.2%	546	+2.8%	0.96%	+61.8%
DWDP	Buy	DOWDUPONT INC	$956,000	+4.8%	14,867	+7.5%	0.84%	+40.0%
AES	Buy	AES CORP	$922,000	+6.0%	65,875	+1.5%	0.81%	+41.4%
UTX	Buy	UNITED TECHNOLOGIES CORP	$848,000	+27.5%	6,065	+14.0%	0.74%	+70.1%
VZ	Buy	VERIZON COMMUNICATIONS INC	$812,000	+9.0%	15,202	+2.7%	0.71%	+45.5%
DIA	Sell	SPDR DOW JONES INDL AVRG ETFut ser 1	$793,000	-16.3%	3,000	-23.1%	0.70%	+11.9%
CCI	Sell	CROWN CASTLE INTL CORP NEW	$789,000	-1.0%	7,091	-4.1%	0.69%	+32.3%
DEO	Sell	DIAGEO P L Cspon adr new	$773,000	-2.5%	5,455	-0.9%	0.68%	+30.1%
C	Buy	CITIGROUP INC	$768,000	+29.5%	10,705	+20.9%	0.68%	+73.1%
MO	Buy	ALTRIA GROUP INC	$769,000	+6.2%	12,750	+0.0%	0.68%	+41.8%
FB	Sell	FACEBOOK INCcl a	$756,000	-31.3%	4,595	-18.8%	0.66%	-8.3%
JNJ	Sell	JOHNSON & JOHNSON	$741,000	-19.8%	5,365	-29.5%	0.65%	+7.1%
ETN	Sell	EATON CORP PLC	$702,000	+15.3%	8,096	-0.6%	0.62%	+53.9%
NEE	Buy	NEXTERA ENERGY INC	$690,000	+1.6%	4,117	+1.2%	0.61%	+35.6%
GLPI	Sell	GAMING & LEISURE PPTYS INC	$664,000	-2.1%	18,835	-0.5%	0.58%	+30.7%
INTC	Buy	INTEL CORP	$657,000	+47.0%	13,894	+54.7%	0.58%	+96.3%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$647,000	+5.4%	4,324	-1.1%	0.57%	+40.6%
MIC	Buy	MACQUARIE INFRASTRUCTURE COR	$614,000	+158.0%	13,300	+135.4%	0.54%	+243.3%
D	New	DOMINION ENERGY INC	$603,000	–	8,575	–	0.53%	–
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$578,000	-2.7%	3,821	-10.1%	0.51%	+29.9%
HD	Buy	HOME DEPOT INC	$576,000	+7.5%	2,781	+1.2%	0.51%	+43.3%
BA	Buy	BOEING CO	$559,000	+21.5%	1,502	+9.6%	0.49%	+62.0%
IEP	Buy	ICAHN ENTERPRISES LPdepositary unit	$546,000	+19.7%	7,717	+20.2%	0.48%	+60.0%
QCOM	Sell	QUALCOMM INC	$544,000	+22.0%	7,545	-5.0%	0.48%	+62.6%
ARCC	Buy	ARES CAP CORP	$539,000	+36.8%	31,351	+31.0%	0.47%	+82.6%
SO	Buy	SOUTHERN CO	$520,000	+97.7%	11,925	+109.8%	0.46%	+164.2%
GLOP	Buy	GASLOG PARTNERS LPunit ltd ptnrp	$518,000	+31.8%	20,716	+25.7%	0.46%	+75.7%
XOM	Sell	EXXON MOBIL CORP	$464,000	-3.5%	5,461	-6.0%	0.41%	+28.7%
KKR	New	KKR & CO INCcl a	$449,000	–	16,448	–	0.39%	–
STX	Sell	SEAGATE TECHNOLOGY PLC	$444,000	-22.0%	9,380	-6.9%	0.39%	+4.3%
NWL	Buy	NEWELL BRANDS INC	$441,000	-7.0%	21,730	+18.2%	0.39%	+24.0%
RTN	Sell	RAYTHEON CO	$424,000	+3.2%	2,052	-3.5%	0.37%	+37.8%
VOD	Buy	VODAFONE GROUP PLC NEWsponsored adr	$412,000	+0.7%	18,969	+12.8%	0.36%	+34.6%
PG	Buy	PROCTER AND GAMBLE CO	$406,000	+11.2%	4,873	+4.3%	0.36%	+48.8%
TY	Buy	TRI CONTL CORP	$404,000	+7.4%	14,500	+2.1%	0.36%	+43.7%
KIM	Buy	KIMCO RLTY CORP	$373,000	+0.8%	22,300	+2.3%	0.33%	+35.0%
DIN	Sell	DINE BRANDS GLOBAL INC	$316,000	-7.1%	3,890	-14.3%	0.28%	+24.1%
CRM	Buy	SALESFORCE COM INC	$307,000	+26.3%	1,930	+8.4%	0.27%	+68.8%
TRN	Sell	TRINITY INDS INC	$293,000	+4.3%	7,991	-2.4%	0.26%	+38.9%
VGR	Buy	VECTOR GROUP LTD	$277,000	+0.7%	20,111	+39.6%	0.24%	+34.3%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$255,000	+0.4%	2,187	-8.4%	0.22%	+34.1%
CGC	New	CANOPY GROWTH CORP	$254,000	–	5,230	–	0.22%	–
NEWT	Sell	NEWTEK BUSINESS SVCS CORP	$247,000	-15.7%	11,792	-19.8%	0.22%	+12.4%
F	Buy	FORD MTR CO DEL	$242,000	-12.0%	26,135	+5.3%	0.21%	+17.7%
BIP	Sell	BROOKFIELD INFRAST PARTNERSlp int unit	$241,000	-10.7%	6,035	-14.2%	0.21%	+19.1%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$240,000	+0.4%	8,706	-3.3%	0.21%	+34.4%
CAT	Buy	CATERPILLAR INC DEL	$235,000	+15.2%	1,542	+2.8%	0.21%	+53.7%
MS	Sell	MORGAN STANLEY	$233,000	-16.8%	5,000	-15.4%	0.20%	+11.4%
LMT	New	LOCKHEED MARTIN CORP	$232,000	–	670	–	0.20%	–
TK	Buy	TEEKAY CORPORATION	$229,000	-10.5%	33,924	+2.7%	0.20%	+19.6%
BBT	Buy	BB&T CORP	$223,000	+7.7%	4,602	+12.2%	0.20%	+44.1%
BAC	Buy	BANK AMER CORP	$223,000	+6.2%	7,558	+1.3%	0.20%	+42.0%
AMLP	Sell	ALPS ETF TRalerian mlp	$222,000	+5.2%	20,777	-0.5%	0.20%	+40.3%
LUMN	Buy	CENTURYLINK INC	$220,000	+17.0%	10,400	+3.0%	0.19%	+55.6%
SLM	Buy	SLM CORP	$218,000	+16.6%	19,550	+19.6%	0.19%	+55.3%
MRK	New	MERCK & CO INC	$212,000	–	2,988	–	0.19%	–
BIDU	Buy	BAIDU INCspon adr rep a	$212,000	-3.2%	928	+2.8%	0.19%	+29.2%
AXP	New	AMERICAN EXPRESS CO	$202,000	–	1,899	–	0.18%	–
NOK	Sell	NOKIA CORPsponsored adr	$200,000	-7.0%	35,866	-4.1%	0.18%	+24.8%
ADT	Buy	ADT INC	$162,000	+20.9%	17,250	+11.3%	0.14%	+61.4%
CX	Sell	CEMEX SAB DE CVspon adr new	$119,000	+4.4%	16,941	-2.3%	0.10%	+40.0%
WPG	Sell	WASHINGTON PRIME GROUP NEW	$77,000	-17.2%	10,600	-7.8%	0.07%	+11.5%
FSD	Exit	FIRST TR HIGH INCOME L/S FD	$0	–	-15,529	–	-0.15%	–

Q2 2018

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$54,484,000	–	200,840	–	35.86%	–
TLT	New	ISHARES TR20 yr tr bd etf	$45,941,000	–	377,429	–	30.23%	–
GLD	New	SPDR GOLD TRUST	$2,521,000	–	21,245	–	1.66%	–
AAPL	New	APPLE INC	$2,180,000	–	11,774	–	1.44%	–
MSFT	New	MICROSOFT CORP	$1,976,000	–	20,037	–	1.30%	–
ECL	New	ECOLAB INC	$1,557,000	–	11,093	–	1.02%	–
T	New	AT&T INC	$1,200,000	–	37,359	–	0.79%	–
FB	New	FACEBOOK INCcl a	$1,100,000	–	5,662	–	0.72%	–
PFE	New	PFIZER INC	$1,039,000	–	28,631	–	0.68%	–
CSCO	New	CISCO SYS INC	$1,017,000	–	23,631	–	0.67%	–
JPM	New	JPMORGAN CHASE & CO	$1,003,000	–	9,626	–	0.66%	–
DIA	New	SPDR DOW JONES INDL AVRG ETFut ser 1	$947,000	–	3,900	–	0.62%	–
JNJ	New	JOHNSON & JOHNSON	$924,000	–	7,614	–	0.61%	–
DWDP	New	DOWDUPONT INC	$912,000	–	13,834	–	0.60%	–
AMZN	New	AMAZON COM INC	$903,000	–	531	–	0.59%	–
AES	New	AES CORP	$870,000	–	64,875	–	0.57%	–
SYK	New	STRYKER CORP	$807,000	–	4,777	–	0.53%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$797,000	–	7,391	–	0.52%	–
DEO	New	DIAGEO P L Cspon adr new	$793,000	–	5,505	–	0.52%	–
V	New	VISA INC	$775,000	–	5,850	–	0.51%	–
MTB	New	M & T BK CORP	$756,000	–	4,445	–	0.50%	–
VZ	New	VERIZON COMMUNICATIONS INC	$745,000	–	14,802	–	0.49%	–
MO	New	ALTRIA GROUP INC	$724,000	–	12,745	–	0.48%	–
NEE	New	NEXTERA ENERGY INC	$679,000	–	4,067	–	0.45%	–
GLPI	New	GAMING & LEISURE PPTYS INC	$678,000	–	18,935	–	0.45%	–
UTX	New	UNITED TECHNOLOGIES CORP	$665,000	–	5,319	–	0.44%	–
IP	New	INTL PAPER CO	$632,000	–	12,132	–	0.42%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$614,000	–	4,374	–	0.40%	–
ETN	New	EATON CORP PLC	$609,000	–	8,146	–	0.40%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$594,000	–	4,250	–	0.39%	–
C	New	CITIGROUP INC	$593,000	–	8,854	–	0.39%	–
STX	New	SEAGATE TECHNOLOGY PLC	$569,000	–	10,080	–	0.37%	–
CVX	New	CHEVRON CORP NEW	$555,000	–	4,388	–	0.36%	–
HD	New	HOME DEPOT INC	$536,000	–	2,748	–	0.35%	–
PFG	New	PRINCIPAL FINL GROUP INC	$524,000	–	9,897	–	0.34%	–
APTS	New	PREFERRED APT CMNTYS INC	$516,000	–	30,400	–	0.34%	–
XOM	New	EXXON MOBIL CORP	$481,000	–	5,811	–	0.32%	–
WM	New	WASTE MGMT INC DEL	$476,000	–	5,850	–	0.31%	–
NWL	New	NEWELL BRANDS INC	$474,000	–	18,380	–	0.31%	–
ITA	New	ISHARES TRus aer def etf	$462,000	–	2,401	–	0.30%	–
BA	New	BOEING CO	$460,000	–	1,371	–	0.30%	–
IEP	New	ICAHN ENTERPRISES LPdepositary unit	$456,000	–	6,422	–	0.30%	–
QCOM	New	QUALCOMM INC	$446,000	–	7,945	–	0.29%	–
INTC	New	INTEL CORP	$447,000	–	8,984	–	0.29%	–
EMR	New	EMERSON ELEC CO	$424,000	–	6,128	–	0.28%	–
RTN	New	RAYTHEON CO	$411,000	–	2,127	–	0.27%	–
VOD	New	VODAFONE GROUP PLC NEWsponsored adr	$409,000	–	16,819	–	0.27%	–
ABBV	New	ABBVIE INC	$400,000	–	4,316	–	0.26%	–
GLOP	New	GASLOG PARTNERS LPunit ltd ptnrp	$393,000	–	16,475	–	0.26%	–
MA	New	MASTERCARD INCORPORATEDcl a	$393,000	–	2,000	–	0.26%	–
ARCC	New	ARES CAP CORP	$394,000	–	23,931	–	0.26%	–
UNIT	New	UNITI GROUP INC	$390,000	–	19,450	–	0.26%	–
TY	New	TRI CONTL CORP	$376,000	–	14,200	–	0.25%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$374,000	–	3,711	–	0.25%	–
PRU	New	PRUDENTIAL FINL INC	$372,000	–	3,977	–	0.24%	–
KIM	New	KIMCO RLTY CORP	$370,000	–	21,800	–	0.24%	–
COST	New	COSTCO WHSL CORP NEW	$366,000	–	1,753	–	0.24%	–
PG	New	PROCTER AND GAMBLE CO	$365,000	–	4,673	–	0.24%	–
DIN	New	DINE BRANDS GLOBAL INC	$340,000	–	4,540	–	0.22%	–
BMO	New	BANK MONTREAL QUE	$337,000	–	4,361	–	0.22%	–
NEWT	New	NEWTEK BUSINESS SVCS CORP	$293,000	–	14,697	–	0.19%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$294,000	–	5,652	–	0.19%	–
BCE	New	BCE INC	$286,000	–	7,065	–	0.19%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$286,000	–	3,802	–	0.19%	–
TRN	New	TRINITY INDS INC	$281,000	–	8,191	–	0.18%	–
MS	New	MORGAN STANLEY	$280,000	–	5,912	–	0.18%	–
VGR	New	VECTOR GROUP LTD	$275,000	–	14,408	–	0.18%	–
F	New	FORD MTR CO DEL	$275,000	–	24,822	–	0.18%	–
UL	New	UNILEVER PLCspon adr new	$275,000	–	4,980	–	0.18%	–
WMB	New	WILLIAMS COS INC DEL	$274,000	–	10,102	–	0.18%	–
KO	New	COCA COLA CO	$273,000	–	6,223	–	0.18%	–
BIP	New	BROOKFIELD INFRAST PARTNERSlp int unit	$270,000	–	7,035	–	0.18%	–
IRM	New	IRON MTN INC NEW	$268,000	–	7,650	–	0.18%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$268,000	–	2,000	–	0.18%	–
SO	New	SOUTHERN CO	$263,000	–	5,685	–	0.17%	–
TK	New	TEEKAY CORPORATION	$256,000	–	33,024	–	0.17%	–
WMT	New	WALMART INC	$256,000	–	2,990	–	0.17%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$254,000	–	2,387	–	0.17%	–
ETR	New	ENTERGY CORP NEW	$252,000	–	3,116	–	0.17%	–
BX	New	BLACKSTONE GROUP L P	$246,000	–	7,645	–	0.16%	–
MCD	New	MCDONALDS CORP	$243,000	–	1,553	–	0.16%	–
CRM	New	SALESFORCE COM INC	$243,000	–	1,780	–	0.16%	–
BDX	New	BECTON DICKINSON & CO	$240,000	–	1,002	–	0.16%	–
MIC	New	MACQUARIE INFRASTRUCTURE COR	$238,000	–	5,650	–	0.16%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$239,000	–	9,005	–	0.16%	–
MET	New	METLIFE INC	$237,000	–	5,443	–	0.16%	–
AB	New	ALLIANCEBERNSTEIN HOLDING LPunit ltd partn	$236,000	–	8,272	–	0.16%	–
FSD	New	FIRST TR HIGH INCOME L/S FD	$229,000	–	15,529	–	0.15%	–
ED	New	CONSOLIDATED EDISON INC	$228,000	–	2,921	–	0.15%	–
TU	New	TELUS CORP	$224,000	–	6,303	–	0.15%	–
BIDU	New	BAIDU INCspon adr rep a	$219,000	–	903	–	0.14%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$218,000	–	3,137	–	0.14%	–
NOK	New	NOKIA CORPsponsored adr	$215,000	–	37,395	–	0.14%	–
AMLP	New	ALPS ETF TRalerian mlp	$211,000	–	20,877	–	0.14%	–
BAC	New	BANK AMER CORP	$210,000	–	7,458	–	0.14%	–
TD	New	TORONTO DOMINION BK ONT	$207,000	–	3,575	–	0.14%	–
BBT	New	BB&T CORP	$207,000	–	4,102	–	0.14%	–
CAT	New	CATERPILLAR INC DEL	$204,000	–	1,500	–	0.13%	–
LUMN	New	CENTURYLINK INC	$188,000	–	10,100	–	0.12%	–
SLM	New	SLM CORP	$187,000	–	16,350	–	0.12%	–
ADT	New	ADT INC	$134,000	–	15,500	–	0.09%	–
CX	New	CEMEX SAB DE CVspon adr new	$114,000	–	17,341	–	0.08%	–
WPG	New	WASHINGTON PRIME GROUP NEW	$93,000	–	11,500	–	0.06%	–
GERN	New	GERON CORP	$87,000	–	25,500	–	0.06%	–
LYG	New	LLOYDS BANKING GROUP PLCsponsored adr	$65,000	–	19,500	–	0.04%	–
ATAX	New	AMERICA FIRST MULTIFAMILY INben unit ctf	$64,000	–	10,000	–	0.04%	–

Q4 2017

			Value		Shares		↓ Weighting
ATAX	Exit	AMERICA FIRST MULTIFAMILY INben unit ctf	$0	–	-10,000	–	-0.04%	–
SIRI	Exit	SIRIUS XM HLDGS INC	$0	–	-11,015	–	-0.04%	–
RAD	Exit	RITE AID CORP	$0	–	-32,400	–	-0.04%	–
LYG	Exit	LLOYDS BANKING GROUP PLCsponsored adr	$0	–	-40,000	–	-0.09%	–
TK	Exit	TEEKAY CORPORATION	$0	–	-17,736	–	-0.10%	–
OPK	Exit	OPKO HEALTH INC	$0	–	-26,686	–	-0.11%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-3,575	–	-0.12%	–
TU	Exit	TELUS CORP	$0	–	-5,603	–	-0.12%	–
PEP	Exit	PEPSICO INC	$0	–	-1,830	–	-0.12%	–
ONB	Exit	OLD NATL BANCORP IND	$0	–	-11,829	–	-0.13%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-2,000	–	-0.13%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-8,422	–	-0.13%	–
MRK	Exit	MERCK & CO INC	$0	–	-3,447	–	-0.14%	–
HPT	Exit	HOSPITALITY PPTYS TR	$0	–	-7,824	–	-0.14%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-3,880	–	-0.14%	–
AGNPRA	Exit	ALLERGAN PLCpfd conv ser a	$0	–	-314	–	-0.14%	–
SO	Exit	SOUTHERN CO	$0	–	-4,735	–	-0.14%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-4,356	–	-0.14%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-2,921	–	-0.14%	–
BIP	Exit	BROOKFIELD INFRAST PARTNERSlp int unit	$0	–	-5,460	–	-0.14%	–
CX	Exit	CEMEX SAB DE CVspon adr new	$0	–	-26,237	–	-0.15%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-3,116	–	-0.15%	–
STX	Exit	SEAGATE TECHNOLOGY PLC	$0	–	-7,210	–	-0.15%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,553	–	-0.15%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-13,050	–	-0.15%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-3,361	–	-0.16%	–
F	Exit	FORD MTR CO DEL	$0	–	-21,372	–	-0.16%	–
NEWT	Exit	NEWTEK BUSINESS SVCS CORP	$0	–	-14,368	–	-0.16%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-3,354	–	-0.16%	–
KO	Exit	COCA COLA CO	$0	–	-5,957	–	-0.16%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-1,088	–	-0.16%	–
WLTW	Exit	WILLIS TOWERS WATSON PUB LTD	$0	–	-1,778	–	-0.17%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-2,341	–	-0.17%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,750	–	-0.18%	–
TRN	Exit	TRINITY INDS INC	$0	–	-9,100	–	-0.18%	–
INTC	Exit	INTEL CORP	$0	–	-7,666	–	-0.18%	–
ITA	Exit	ISHARES TRus aer def etf	$0	–	-1,636	–	-0.18%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-3,802	–	-0.18%	–
BCE	Exit	BCE INC	$0	–	-6,265	–	-0.18%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-2,100	–	-0.18%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-3,650	–	-0.18%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-51,863	–	-0.19%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-3,657	–	-0.20%	–
QCOM	Exit	QUALCOMM INC	$0	–	-6,420	–	-0.20%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-6,259	–	-0.20%	–
MS	Exit	MORGAN STANLEY	$0	–	-7,062	–	-0.21%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-30,277	–	-0.21%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-2,938	–	-0.21%	–
TY	Exit	TRI CONTL CORP	$0	–	-13,650	–	-0.21%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,412	–	-0.22%	–
ESBA	Exit	EMPIRE ST RLTY OP L Punit ltd prtnsp	$0	–	-17,206	–	-0.22%	–
MET	Exit	METLIFE INC	$0	–	-6,819	–	-0.22%	–
RTN	Exit	RAYTHEON CO	$0	–	-1,977	–	-0.23%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-6,373	–	-0.25%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-3,511	–	-0.26%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-14,560	–	-0.27%	–
FSD	Exit	FIRST TR HIGH INCOME L/S FD	$0	–	-26,746	–	-0.28%	–
BA	Exit	BOEING CO	$0	–	-1,801	–	-0.28%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-5,850	–	-0.28%	–
ABBV	Exit	ABBVIE INC	$0	–	-5,266	–	-0.29%	–
VOD	Exit	VODAFONE GROUP PLC NEWsponsored adr	$0	–	-16,687	–	-0.29%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-4,088	–	-0.29%	–
AMZN	Exit	AMAZON COM INC	$0	–	-521	–	-0.31%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-4,777	–	-0.31%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-3,562	–	-0.32%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-4,442	–	-0.35%	–
GLPI	Exit	GAMING & LEISURE PPTYS INC	$0	–	-16,049	–	-0.36%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-5,027	–	-0.37%	–
IP	Exit	INTL PAPER CO	$0	–	-10,832	–	-0.38%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-12,531	–	-0.38%	–
V	Exit	VISA INC	$0	–	-5,950	–	-0.38%	–
PFG	Exit	PRINCIPAL FINL GROUP INC	$0	–	-10,197	–	-0.40%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-10,385	–	-0.40%	–
ETN	Exit	EATON CORP PLC	$0	–	-8,696	–	-0.41%	–
MTB	Exit	M & T BK CORP	$0	–	-4,195	–	-0.42%	–
SYK	Exit	STRYKER CORP	$0	–	-4,777	–	-0.42%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-7,566	–	-0.46%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-5,840	–	-0.47%	–
CSCO	Exit	CISCO SYS INC	$0	–	-23,546	–	-0.49%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-11,852	–	-0.50%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-35,139	–	-0.52%	–
PFE	Exit	PFIZER INC	$0	–	-25,244	–	-0.55%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-5,420	–	-0.57%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-9,826	–	-0.58%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-7,633	–	-0.61%	–
T	Exit	AT&T INC	$0	–	-25,599	–	-0.62%	–
ECL	Exit	ECOLAB INC	$0	–	-11,258	–	-0.89%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-21,037	–	-0.96%	–
AAPL	Exit	APPLE INC	$0	–	-12,238	–	-1.16%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-24,003	–	-1.79%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-41,107	–	-2.78%	–
TLT	Exit	ISHARES TR20 yr tr bd etf	$0	–	-450,529	–	-34.48%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-237,263	–	-36.57%	–

Q3 2017

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$59,608,000	+4.8%	237,263	+0.8%	36.57%	+15.0%
TLT	Buy	ISHARES TR20 yr tr bd etf	$56,208,000	+2.0%	450,529	+2.3%	34.48%	+12.0%
SHV	Buy	ISHARES TRshort treas bd	$4,538,000	+1.5%	41,107	+1.4%	2.78%	+11.4%
GLD	Sell	SPDR GOLD TRUST	$2,918,000	-10.6%	24,003	-13.2%	1.79%	-1.9%
AAPL	Sell	APPLE INC	$1,886,000	+1.0%	12,238	-5.6%	1.16%	+10.8%
MSFT	Sell	MICROSOFT CORP	$1,567,000	+3.8%	21,037	-3.9%	0.96%	+13.9%
ECL	Sell	ECOLAB INC	$1,448,000	-12.5%	11,258	-9.6%	0.89%	-4.0%
T	Buy	AT&T INC	$1,003,000	+18.6%	25,599	+14.1%	0.62%	+30.0%
JNJ	Sell	JOHNSON & JOHNSON	$992,000	-11.6%	7,633	-10.0%	0.61%	-2.9%
JPM	Sell	JPMORGAN CHASE & CO	$939,000	+0.9%	9,826	-3.5%	0.58%	+10.8%
FB	Sell	FACEBOOK INCcl a	$926,000	-6.8%	5,420	-17.7%	0.57%	+2.2%
PFE	Buy	PFIZER INC	$901,000	+6.5%	25,244	+0.2%	0.55%	+16.9%
GE	Buy	GENERAL ELECTRIC CO	$850,000	-8.6%	35,139	+2.0%	0.52%	+0.2%
DWDP	New	DOWDUPONT INC	$821,000	–	11,852	–	0.50%	–
CSCO	Buy	CISCO SYS INC	$792,000	+12.8%	23,546	+4.9%	0.49%	+24.0%
DEO	Sell	DIAGEO P L Cspon adr new	$772,000	+6.2%	5,840	-3.8%	0.47%	+16.7%
SYK	Sell	STRYKER CORP	$678,000	-1.0%	4,777	-3.3%	0.42%	+8.6%
ETN	Buy	EATON CORP PLC	$668,000	-1.2%	8,696	+0.1%	0.41%	+8.5%
MO	Buy	ALTRIA GROUP INC	$659,000	-13.5%	10,385	+1.5%	0.40%	-5.2%
PFG	Sell	PRINCIPAL FINL GROUP INC	$656,000	-1.5%	10,197	-1.9%	0.40%	+8.1%
V	Sell	VISA INC	$626,000	-9.9%	5,950	-19.7%	0.38%	-1.3%
VZ	Sell	VERIZON COMMUNICATIONS INC	$620,000	+7.6%	12,531	-2.9%	0.38%	+18.0%
IP	Sell	INTL PAPER CO	$615,000	-4.5%	10,832	-4.8%	0.38%	+4.7%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$604,000	+4.5%	5,027	-3.8%	0.37%	+14.9%
GLPI	Buy	GAMING & LEISURE PPTYS INC	$592,000	+11.9%	16,049	+14.2%	0.36%	+22.6%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$575,000	+4.0%	4,442	-0.1%	0.35%	+14.2%
NEE	Buy	NEXTERA ENERGY INC	$522,000	+12.5%	3,562	+7.5%	0.32%	+23.6%
AMZN	Sell	AMAZON COM INC	$501,000	-13.2%	521	-12.6%	0.31%	-5.0%
VOD	Buy	VODAFONE GROUP PLC NEWsponsored adr	$475,000	+8.0%	16,687	+9.0%	0.29%	+18.3%
ABBV	Sell	ABBVIE INC	$468,000	-26.3%	5,266	-39.8%	0.29%	-19.2%
BA	Sell	BOEING CO	$458,000	+27.9%	1,801	-0.6%	0.28%	+40.5%
WM	Buy	WASTE MGMT INC DEL	$458,000	+9.6%	5,850	+2.6%	0.28%	+20.1%
FSD	Buy	FIRST TR HIGH INCOME L/S FD	$455,000	+3.4%	26,746	+4.8%	0.28%	+13.4%
WMB	Sell	WILLIAMS COS INC DEL	$437,000	-13.1%	14,560	-12.4%	0.27%	-4.6%
BUD	Sell	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$419,000	+7.7%	3,511	-0.5%	0.26%	+18.4%
EMR	Sell	EMERSON ELEC CO	$401,000	-0.2%	6,373	-5.5%	0.25%	+9.3%
MET	Buy	METLIFE INC	$354,000	+5.4%	6,819	+11.4%	0.22%	+15.4%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$350,000	+3.9%	2,412	+10.2%	0.22%	+14.4%
AMLP	Sell	ALPS ETF TRalerian mlp	$340,000	-13.9%	30,277	-8.4%	0.21%	-5.4%
MS	Sell	MORGAN STANLEY	$340,000	+2.4%	7,062	-5.3%	0.21%	+12.4%
UTX	Buy	UNITED TECHNOLOGIES CORP	$341,000	+2.1%	2,938	+7.3%	0.21%	+11.8%
XLU	Buy	SELECT SECTOR SPDR TRsbi int-utils	$332,000	+5.1%	6,259	+2.9%	0.20%	+15.3%
PG	Sell	PROCTER AND GAMBLE CO	$333,000	-5.4%	3,657	-9.4%	0.20%	+3.6%
QCOM	Buy	QUALCOMM INC	$333,000	-4.9%	6,420	+1.4%	0.20%	+4.1%
NOK	Sell	NOKIA CORPsponsored adr	$310,000	-9.4%	51,863	-6.5%	0.19%	-0.5%
BCE	Buy	BCE INC	$293,000	+7.3%	6,265	+3.4%	0.18%	+17.6%
RY	Buy	ROYAL BK CDA MONTREAL QUE	$294,000	+6.5%	3,802	+0.0%	0.18%	+16.9%
INTC	Sell	INTEL CORP	$292,000	+11.5%	7,666	-1.1%	0.18%	+22.6%
ITA	New	ISHARES TRus aer def etf	$291,000	–	1,636	–	0.18%	–
TRN	Sell	TRINITY INDS INC	$290,000	+10.3%	9,100	-3.2%	0.18%	+21.1%
COST	Sell	COSTCO WHSL CORP NEW	$288,000	-6.8%	1,750	-9.5%	0.18%	+2.3%
KMB	Buy	KIMBERLY CLARK CORP	$276,000	+13.6%	2,341	+24.6%	0.17%	+24.3%
WLTW	Sell	WILLIS TOWERS WATSON PUB LTD	$274,000	+0.4%	1,778	-5.2%	0.17%	+9.8%
BIDU	New	BAIDU INCspon adr rep a	$269,000	–	1,088	–	0.16%	–
WMT	Buy	WAL-MART STORES INC	$262,000	+5.2%	3,354	+1.9%	0.16%	+15.8%
F	Sell	FORD MTR CO DEL	$256,000	+2.0%	21,372	-4.7%	0.16%	+12.1%
NEWT	Buy	NEWTEK BUSINESS SVCS CORP	$256,000	+9.4%	14,368	+0.2%	0.16%	+19.8%
LUMN	New	CENTURYLINK INC	$247,000	–	13,050	–	0.15%	–
MCD	Sell	MCDONALDS CORP	$243,000	-9.3%	1,553	-11.1%	0.15%	-0.7%
STX	New	SEAGATE TECHNOLOGY PLC	$239,000	–	7,210	–	0.15%	–
CX	Sell	CEMEX SAB DE CVspon adr new	$238,000	-18.5%	26,237	-15.4%	0.15%	-10.4%
BIP	New	BROOKFIELD INFRAST PARTNERSlp int unit	$236,000	–	5,460	–	0.14%	–
XLP	Sell	SELECT SECTOR SPDR TRsbi cons stpls	$235,000	-18.4%	4,356	-16.8%	0.14%	-10.6%
AGNPRA	Sell	ALLERGAN PLCpfd conv ser a	$232,000	-20.8%	314	-6.8%	0.14%	-13.4%
UL	Sell	UNILEVER PLCspon adr new	$225,000	+4.2%	3,880	-3.0%	0.14%	+14.0%
HPT	Buy	HOSPITALITY PPTYS TR	$223,000	-2.2%	7,824	+0.1%	0.14%	+7.9%
MRK	Sell	MERCK & CO INC	$221,000	-5.6%	3,447	-5.7%	0.14%	+3.8%
XLF	Buy	SELECT SECTOR SPDR TRsbi int-finl	$218,000	+4.8%	8,422	+0.0%	0.13%	+15.5%
PEP	Sell	PEPSICO INC	$204,000	-17.1%	1,830	-14.1%	0.12%	-9.4%
TU	New	TELUS CORP	$202,000	–	5,603	–	0.12%	–
TD	New	TORONTO DOMINION BK ONT	$201,000	–	3,575	–	0.12%	–
OPK	Sell	OPKO HEALTH INC	$183,000	-12.4%	26,686	-16.1%	0.11%	-4.3%
TK	Sell	TEEKAY CORPORATION	$158,000	-12.7%	17,736	-34.8%	0.10%	-4.0%
LYG	Sell	LLOYDS BANKING GROUP PLCsponsored adr	$146,000	+0.7%	40,000	-2.4%	0.09%	+11.1%
RAD	New	RITE AID CORP	$64,000	–	32,400	–	0.04%	–
ROX	Exit	CASTLE BRANDS INC	$0	–	-10,000	–	-0.01%	–
VRAY	Exit	VIEWRAY INC	$0	–	-11,800	–	-0.04%	–
BB	Exit	BLACKBERRY LTD	$0	–	-12,350	–	-0.07%	–
FSFR	Exit	FIFTH STR SR FLOATNG RATE CO	$0	–	-16,102	–	-0.07%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,214	–	-0.13%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-4,325	–	-0.13%	–
DOW	Exit	DOW CHEM CO	$0	–	-9,878	–	-0.35%	–
	Exit	BARCLAYS PLCnote 6.625%12/3	$0	–	-200,000	–	-11.39%	–

Q2 2017

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRtr unit	$56,899,000	–	235,314	–	31.81%	–
TLT	New	ISHARES TR20 yr tr bd etf	$55,086,000	–	440,268	–	30.80%	–
	New	BARCLAYS PLCnote 6.625%12/3	$20,375,000	–	200,000	–	11.39%	–
SHV	New	ISHARES TRshrt trs bd etf	$4,472,000	–	40,536	–	2.50%	–
GLD	New	SPDR GOLD TRUST	$3,264,000	–	27,657	–	1.82%	–
AAPL	New	APPLE INC	$1,867,000	–	12,965	–	1.04%	–
ECL	New	ECOLAB INC	$1,654,000	–	12,458	–	0.92%	–
MSFT	New	MICROSOFT CORP	$1,509,000	–	21,889	–	0.84%	–
JNJ	New	JOHNSON & JOHNSON	$1,122,000	–	8,484	–	0.63%	–
FB	New	FACEBOOK INCcl a	$994,000	–	6,586	–	0.56%	–
JPM	New	JPMORGAN CHASE & CO	$931,000	–	10,182	–	0.52%	–
GE	New	GENERAL ELECTRIC CO	$930,000	–	34,442	–	0.52%	–
PFE	New	PFIZER INC	$846,000	–	25,198	–	0.47%	–
T	New	AT&T INC	$846,000	–	22,426	–	0.47%	–
MO	New	ALTRIA GROUP INC	$762,000	–	10,232	–	0.43%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$758,000	–	7,566	–	0.42%	–
DEO	New	DIAGEO P L Cspon adr new	$727,000	–	6,069	–	0.41%	–
CSCO	New	CISCO SYS INC	$702,000	–	22,441	–	0.39%	–
V	New	VISA INC	$695,000	–	7,410	–	0.39%	–
SYK	New	STRYKER CORP	$685,000	–	4,939	–	0.38%	–
MTB	New	M&TBKCORP	$679,000	–	4,195	–	0.38%	–
ETN	New	EATON CORP PLC	$676,000	–	8,691	–	0.38%	–
PFG	New	PRINCIPAL FINL GROUP INC	$666,000	–	10,397	–	0.37%	–
IP	New	INTL PAPER CO	$644,000	–	11,382	–	0.36%	–
ABBV	New	ABBVIE INC	$635,000	–	8,751	–	0.36%	–
DOW	New	DOW CHEM CO	$623,000	–	9,878	–	0.35%	–
AMZN	New	AMAZON COM INC	$577,000	–	596	–	0.32%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$578,000	–	5,225	–	0.32%	–
VZ	New	VERIZON COMMUNICATIONS INC	$576,000	–	12,901	–	0.32%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$553,000	–	4,445	–	0.31%	–
GLPI	New	GAMING & LEISURE PPTYS INC	$529,000	–	14,054	–	0.30%	–
PRU	New	PRUDENTIAL FINL INC	$517,000	–	4,777	–	0.29%	–
WMB	New	WILLIAMS COS INC DEL	$503,000	–	16,626	–	0.28%	–
NEE	New	NEXTERA ENERGY INC	$464,000	–	3,312	–	0.26%	–
VOD	New	VODAFONE GROUP PLC NEWsponsored adr	$440,000	–	15,314	–	0.25%	–
FSD	New	FIRST TR HIGH INCOME L S FD	$440,000	–	25,529	–	0.25%	–
CVX	New	CHEVRON CORP NEW	$427,000	–	4,088	–	0.24%	–
WM	New	WASTE MGMT INC DEL	$418,000	–	5,703	–	0.23%	–
EMR	New	EMERSON ELEC CO	$402,000	–	6,742	–	0.22%	–
AMLP	New	ALPS ETF TRalerian mlp	$395,000	–	33,056	–	0.22%	–
BUD	New	ANHEUSER BUSCH INBEV SA NVsponsored adr	$389,000	–	3,527	–	0.22%	–
BA	New	BOEING CO	$358,000	–	1,812	–	0.20%	–
ESBA	New	EMPIRE ST RLTY OP L Punit ltd prtnsp	$357,000	–	17,206	–	0.20%	–
PG	New	PROCTER AND GAMBLE CO	$352,000	–	4,036	–	0.20%	–
QCOM	New	QUALCOMM INC	$350,000	–	6,334	–	0.20%	–
NOK	New	NOKIA CORPsponsored adr	$342,000	–	55,477	–	0.19%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$337,000	–	2,188	–	0.19%	–
MET	New	METLIFE INC	$336,000	–	6,119	–	0.19%	–
UTX	New	UNITED TECHNOLOGIES CORP	$334,000	–	2,737	–	0.19%	–
TY	New	TRI CONTL CORP	$332,000	–	13,650	–	0.19%	–
MS	New	MORGAN STANLEY	$332,000	–	7,461	–	0.19%	–
RTN	New	RAYTHEON CO	$319,000	–	1,977	–	0.18%	–
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$316,000	–	6,080	–	0.18%	–
COST	New	COSTCO WHSL CORP NEW	$309,000	–	1,934	–	0.17%	–
XOM	New	EXXON MOBIL CORP	$295,000	–	3,650	–	0.16%	–
AGNPRA	New	ALLERGAN PLCpfd conv ser a	$293,000	–	337	–	0.16%	–
CX	New	CEMEX SAB DE CVspon adr new	$292,000	–	31,025	–	0.16%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$288,000	–	5,237	–	0.16%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$276,000	–	3,801	–	0.15%	–
BCE	New	BCE INC	$273,000	–	6,060	–	0.15%	–
WLTW	New	WILLIS TOWERS WATSON PUB LTD	$273,000	–	1,876	–	0.15%	–
MCD	New	MCDONALDS CORP	$268,000	–	1,747	–	0.15%	–
KO	New	COCA COLA CO	$267,000	–	5,957	–	0.15%	–
TRN	New	TRINITY INDS INC	$263,000	–	9,397	–	0.15%	–
INTC	New	INTEL CORP	$262,000	–	7,750	–	0.15%	–
MA	New	MASTERCARD INCORPORATEDcl a	$255,000	–	2,100	–	0.14%	–
F	New	FORD MTR CO DEL	$251,000	–	22,418	–	0.14%	–
WMT	New	WAL-MART STORES INC	$249,000	–	3,290	–	0.14%	–
BMO	New	BANK MONTREAL QUE	$247,000	–	3,361	–	0.14%	–
PEP	New	PEPSICO INC	$246,000	–	2,130	–	0.14%	–
KMB	New	KIMBERLY CLARK CORP	$243,000	–	1,879	–	0.14%	–
ETR	New	ENTERGY CORP NEW	$239,000	–	3,116	–	0.13%	–
WFC	New	WELLS FARGO CO NEW	$240,000	–	4,325	–	0.13%	–
BDX	New	BECTON DICKINSON & CO	$237,000	–	1,214	–	0.13%	–
ED	New	CONSOLIDATED EDISON INC	$236,000	–	2,921	–	0.13%	–
MRK	New	MERCK & CO INC	$234,000	–	3,656	–	0.13%	–
NEWT	New	NEWTEK BUSINESS SVCS CORP	$234,000	–	14,345	–	0.13%	–
SO	New	SOUTHERN CO	$227,000	–	4,735	–	0.13%	–
HPT	New	HOSPITALITY PPTYS TR	$228,000	–	7,815	–	0.13%	–
UL	New	UNILEVER PLCspon adr new	$216,000	–	3,998	–	0.12%	–
OPK	New	OPKO HEALTH INC	$209,000	–	31,795	–	0.12%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$208,000	–	8,419	–	0.12%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$205,000	–	2,000	–	0.12%	–
ONB	New	OLD NATL BANCORP IND	$204,000	–	11,829	–	0.11%	–
TK	New	TEEKAY CORPORATION	$181,000	–	27,200	–	0.10%	–
LYG	New	LLOYDS BANKING GROUP PLCsponsored adr	$145,000	–	41,000	–	0.08%	–
FSFR	New	FIFTH STR SR FLOATNG RATE CO	$131,000	–	16,102	–	0.07%	–
BB	New	BLACKBERRY LTD	$123,000	–	12,350	–	0.07%	–
VRAY	New	VIEWRAY INC	$76,000	–	11,800	–	0.04%	–
SIRI	New	SIRIUS XM HLDGS INC	$60,000	–	11,015	–	0.03%	–
ATAX	New	AMERICA FIRST MULTIFAMILY INben unit ctf	$60,000	–	10,000	–	0.03%	–
ROX	New	CASTLE BRANDS INC	$17,000	–	10,000	–	0.01%	–

Q4 2016

			Value		Shares		↓ Weighting
ROX	Exit	CASTLE BRANDS INC	$0	–	-22,000	–	-0.01%	–
ATAX	Exit	AMERICA FIRST MULTIFAMILY INben unit ctf	$0	–	-10,000	–	-0.03%	–
RF	Exit	REGIONS FINL CORP NEW	$0	–	-14,050	–	-0.08%	–
ONB	Exit	OLD NATL BANCORP IND	$0	–	-11,800	–	-0.09%	–
NEWT	Exit	NEWTEK BUSINESS SVCS CORP	$0	–	-11,853	–	-0.10%	–
MRK	Exit	MERCK & CO INC	$0	–	-3,212	–	-0.11%	–
TRN	Exit	TRINITY INDS INC	$0	–	-8,600	–	-0.12%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-4,750	–	-0.12%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,383	–	-0.12%	–
BGS	Exit	B & G FOODS INC NEW	$0	–	-4,393	–	-0.12%	–
MS	Exit	MORGAN STANLEY	$0	–	-7,050	–	-0.13%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-2,250	–	-0.13%	–
NGG	Exit	NATIONAL GRID PLCspon adr new	$0	–	-3,223	–	-0.13%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-3,121	–	-0.13%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-2,637	–	-0.13%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-4,718	–	-0.14%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,316	–	-0.14%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-3,287	–	-0.14%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-4,475	–	-0.14%	–
KO	Exit	COCA COLA CO	$0	–	-5,779	–	-0.14%	–
WLTW	Exit	WILLIS TOWERS WATSON PUB LTD	$0	–	-1,945	–	-0.15%	–
RTN	Exit	RAYTHEON CO	$0	–	-1,950	–	-0.15%	–
AGNPRA	Exit	ALLERGAN PLCpfd conv ser a	$0	–	-329	–	-0.15%	–
SHY	Exit	ISHARES TR1-3 yr tr bd etf	$0	–	-3,198	–	-0.15%	–
BCE	Exit	BCE INC	$0	–	-5,950	–	-0.16%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-5,080	–	-0.16%	–
INTC	Exit	INTEL CORP	$0	–	-7,605	–	-0.16%	–
ETP	Exit	ENERGY TRANSFER PRTNRS L Punit ltd partn	$0	–	-8,183	–	-0.17%	–
QCOM	Exit	QUALCOMM INC	$0	–	-4,466	–	-0.17%	–
F	Exit	FORD MTR CO DEL	$0	–	-25,404	–	-0.17%	–
PFE	Exit	PFIZER INC	$0	–	-9,171	–	-0.18%	–
MET	Exit	METLIFE INC	$0	–	-7,012	–	-0.18%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-4,932	–	-0.18%	–
OPK	Exit	OPKO HEALTH INC	$0	–	-30,815	–	-0.18%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-3,684	–	-0.19%	–
ESBA	Exit	EMPIRE ST RLTY OP L Punit ltd prtnsp	$0	–	-17,206	–	-0.20%	–
VOD	Exit	VODAFONE GROUP PLC NEWspnsr adr	$0	–	-12,540	–	-0.21%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-3,075	–	-0.21%	–
ABBV	Exit	ABBVIE INC	$0	–	-5,998	–	-0.22%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-30,100	–	-0.22%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,450	–	-0.22%	–
TY	Exit	TRI CONTL CORP	$0	–	-18,650	–	-0.23%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-4,977	–	-0.23%	–
DOW	Exit	DOW CHEM CO	$0	–	-8,059	–	-0.24%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-3,616	–	-0.24%	–
XLU	Exit	SELECT SECTOR SPDR TRsbi int-utils	$0	–	-9,049	–	-0.25%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-4,026	–	-0.25%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-4,675	–	-0.27%	–
MTB	Exit	M & T BK CORP	$0	–	-4,151	–	-0.27%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-4,440	–	-0.28%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-15,851	–	-0.28%	–
CSCO	Exit	CISCO SYS INC	$0	–	-15,728	–	-0.28%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-5,310	–	-0.28%	–
IP	Exit	INTL PAPER CO	$0	–	-11,143	–	-0.30%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-8,500	–	-0.30%	–
ETN	Exit	EATON CORP PLC	$0	–	-8,222	–	-0.31%	–
PFG	Exit	PRINCIPAL FINL GROUP INC	$0	–	-10,640	–	-0.31%	–
SYK	Exit	STRYKER CORP	$0	–	-5,089	–	-0.34%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-8,874	–	-0.34%	–
V	Exit	VISA INC	$0	–	-7,711	–	-0.36%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-12,693	–	-0.38%	–
T	Exit	AT&T INC	$0	–	-18,895	–	-0.44%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-28,535	–	-0.48%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-7,702	–	-0.52%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-7,175	–	-0.52%	–
ECL	Exit	ECOLAB INC	$0	–	-10,458	–	-0.72%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-22,680	–	-0.74%	–
AAPL	Exit	APPLE INC	$0	–	-15,743	–	-1.01%	–
SHV	Exit	ISHARES TRshrt trs bd etf	$0	–	-28,000	–	-1.76%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-219,180	–	-26.92%	–
TLT	Exit	ISHARES TR20 yr tr bd etf	$0	–	-350,341	–	-27.35%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-389,397	–	-27.78%	–

Q3 2016

			Value		Shares		↓ Weighting
GLD	Sell	SPDR GOLD TRUST	$48,924,000	-4.2%	389,397	-3.6%	27.78%	-20.3%
TLT	Sell	ISHARES TR20 yr tr bd etf	$48,175,000	-4.9%	350,341	-3.9%	27.35%	-20.8%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$47,409,000	+18.9%	219,180	+15.2%	26.92%	-1.0%
AAPL	Buy	APPLE INC	$1,780,000	+139.9%	15,743	+103.0%	1.01%	+99.8%
MSFT	New	MICROSOFT CORP	$1,306,000	–	22,680	–	0.74%	–
ECL	New	ECOLAB INC	$1,273,000	–	10,458	–	0.72%	–
FB	Buy	FACEBOOK INCcl a	$920,000	+239.5%	7,175	+202.1%	0.52%	+182.2%
JNJ	New	JOHNSON & JOHNSON	$910,000	–	7,702	–	0.52%	–
GE	New	GENERAL ELECTRIC CO	$845,000	–	28,535	–	0.48%	–
T	New	AT&T INC	$767,000	–	18,895	–	0.44%	–
VZ	New	VERIZON COMMUNICATIONS INC	$660,000	–	12,693	–	0.38%	–
V	New	VISA INC	$638,000	–	7,711	–	0.36%	–
JPM	New	JPMORGAN CHASE & CO	$591,000	–	8,874	–	0.34%	–
SYK	New	STRYKER CORP	$592,000	–	5,089	–	0.34%	–
PFG	New	PRINCIPAL FINL GROUP INC	$548,000	–	10,640	–	0.31%	–
ETN	New	EATON CORP PLC	$540,000	–	8,222	–	0.31%	–
MO	New	ALTRIA GROUP INC	$537,000	–	8,500	–	0.30%	–
IP	New	INTL PAPER CO	$535,000	–	11,143	–	0.30%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$500,000	–	5,310	–	0.28%	–
CSCO	New	CISCO SYS INC	$499,000	–	15,728	–	0.28%	–
WMB	New	WILLIAMS COS INC DEL	$487,000	–	15,851	–	0.28%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$486,000	–	4,440	–	0.28%	–
MTB	New	M & T BK CORP	$482,000	–	4,151	–	0.27%	–
CVX	New	CHEVRON CORP NEW	$481,000	–	4,675	–	0.27%	–
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$448,000	+29.1%	4,026	+24.4%	0.25%	+7.2%
XLU	New	SELECT SECTOR SPDR TRsbi int-utils	$443,000	–	9,049	–	0.25%	–
DEO	New	DIAGEO P L Cspon adr new	$420,000	–	3,616	–	0.24%	–
DOW	New	DOW CHEM CO	$418,000	–	8,059	–	0.24%	–
PRU	New	PRUDENTIAL FINL INC	$406,000	–	4,977	–	0.23%	–
TY	New	TRI CONTL CORP	$399,000	–	18,650	–	0.23%	–
XOM	New	EXXON MOBIL CORP	$388,000	–	4,450	–	0.22%	–
AMLP	New	ALPS ETF TRalerian mlp	$382,000	–	30,100	–	0.22%	–
ABBV	New	ABBVIE INC	$378,000	–	5,998	–	0.22%	–
NEE	New	NEXTERA ENERGY INC	$376,000	–	3,075	–	0.21%	–
VOD	New	VODAFONE GROUP PLC NEWspnsr adr	$366,000	–	12,540	–	0.21%	–
PG	New	PROCTER AND GAMBLE CO	$331,000	–	3,684	–	0.19%	–
OPK	New	OPKO HEALTH INC	$326,000	–	30,815	–	0.18%	–
WM	New	WASTE MGMT INC DEL	$314,000	–	4,932	–	0.18%	–
PFE	New	PFIZER INC	$311,000	–	9,171	–	0.18%	–
MET	New	METLIFE INC	$312,000	–	7,012	–	0.18%	–
QCOM	New	QUALCOMM INC	$306,000	–	4,466	–	0.17%	–
F	New	FORD MTR CO DEL	$307,000	–	25,404	–	0.17%	–
ETP	New	ENERGY TRANSFER PRTNRS L Punit ltd partn	$303,000	–	8,183	–	0.17%	–
INTC	New	INTEL CORP	$287,000	–	7,605	–	0.16%	–
EMR	New	EMERSON ELEC CO	$277,000	–	5,080	–	0.16%	–
BCE	New	BCE INC	$275,000	–	5,950	–	0.16%	–
SHY	Sell	ISHARES TR1-3 yr tr bd etf	$272,000	-0.7%	3,198	-0.4%	0.15%	-17.6%
AGNPRA	New	ALLERGAN PLCpfd conv ser a	$270,000	–	329	–	0.15%	–
RTN	New	RAYTHEON CO	$265,000	–	1,950	–	0.15%	–
WLTW	New	WILLIS TOWERS WATSON PUB LTD	$258,000	–	1,945	–	0.15%	–
KO	New	COCA COLA CO	$245,000	–	5,779	–	0.14%	–
BDX	New	BECTON DICKINSON & CO	$237,000	–	1,316	–	0.14%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$238,000	–	4,475	–	0.14%	–
WMT	New	WAL-MART STORES INC	$237,000	–	3,287	–	0.14%	–
BHI	New	BAKER HUGHES INC	$238,000	–	4,718	–	0.14%	–
KHC	New	KRAFT HEINZ CO	$236,000	–	2,637	–	0.13%	–
ED	New	CONSOLIDATED EDISON INC	$235,000	–	3,121	–	0.13%	–
MA	New	MASTERCARD INCORPORATEDcl a	$229,000	–	2,250	–	0.13%	–
NGG	New	NATIONAL GRID PLCspon adr new	$229,000	–	3,223	–	0.13%	–
MS	New	MORGAN STANLEY	$226,000	–	7,050	–	0.13%	–
BGS	New	B & G FOODS INC NEW	$216,000	–	4,393	–	0.12%	–
COST	New	COSTCO WHSL CORP NEW	$211,000	–	1,383	–	0.12%	–
WFC	New	WELLS FARGO & CO NEW	$210,000	–	4,750	–	0.12%	–
TRN	New	TRINITY INDS INC	$208,000	–	8,600	–	0.12%	–
MRK	New	MERCK & CO INC	$200,000	–	3,212	–	0.11%	–
NEWT	New	NEWTEK BUSINESS SVCS CORP	$169,000	–	11,853	–	0.10%	–
ONB	New	OLD NATL BANCORP IND	$166,000	–	11,800	–	0.09%	–
RF	New	REGIONS FINL CORP NEW	$139,000	–	14,050	–	0.08%	–
ATAX	New	AMERICA FIRST MULTIFAMILY INben unit ctf	$59,000	–	10,000	–	0.03%	–
ROX	New	CASTLE BRANDS INC	$19,000	–	22,000	–	0.01%	–

Q2 2016

			Value		Shares		↓ Weighting
GLD	New	SPDR GOLD TRUST	$51,092,000	–	403,984	–	34.84%	–
TLT	New	ISHARES TR20 yr tr bd etf	$50,663,000	–	364,747	–	34.54%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$39,861,000	–	190,291	–	27.18%	–
SHV	New	ISHARES TRshrt trs bd etf	$3,093,000	–	28,000	–	2.11%	–
AAPL	New	APPLE INC	$742,000	–	7,757	–	0.51%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$347,000	–	3,237	–	0.24%	–
ESBA	New	EMPIRE ST RLTY OP L Punit ltd prtnsp	$326,000	–	17,206	–	0.22%	–
SHY	New	ISHARES TR1-3 yr tr bd etf	$274,000	–	3,211	–	0.19%	–
FB	New	FACEBOOK INCcl a	$271,000	–	2,375	–	0.18%	–

Q4 2015

			Value		Shares		↓ Weighting
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	0	–	0.00%	–
CMRX	Exit	CHIMERIX INC	$0	–	-13	–	0.00%	–
GALT	Exit	GALECTIN THERAPEUTICS INC	$0	–	-84	–	0.00%	–
SWN	Exit	SOUTHWESTERN ENERGY CO	$0	–	0	–	0.00%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	0	–	0.00%	–
ETP	Exit	ENERGY TRANSFER PRTNRS L Punit ltd partn	$0	–	0	–	0.00%	–
CHS	Exit	CHICOS FAS INC	$0	–	0	–	0.00%	–
SJM	Exit	SMUCKER J M CO	$0	–	-4	–	0.00%	–
ETW	Exit	EATON VANCE TXMGD GL BUYWR O	$0	–	0	–	0.00%	–
DRYS	Exit	DRYSHIPS INC	$0	–	-100	–	0.00%	–
ROBO	Exit	EXCHANGE TRADED CONCEPTS TRrobo stx glb etf	$0	–	-11	–	0.00%	–
QCOM	Exit	QUALCOMM INC	$0	–	0	–	0.00%	–
VRA	Exit	VERA BRADLEY INC	$0	–	-2,500	–	0.00%	–
TIF	Exit	TIFFANY & CO NEW	$0	–	-3	–	0.00%	–
Y	Exit	ALLEGHANY CORP DEL	$0	–	0	–	0.00%	–
PFE	Exit	PFIZER INC	$0	–	0	–	0.00%	–
WIN	Exit	WINDSTREAM HLDGS INC	$0	–	-33	–	0.00%	–
CC	Exit	CHEMOURS CO	$0	–	-3	–	0.00%	–
ZTR	Exit	ZWEIG TOTAL RETURN FD INC	$0	–	0	–	0.00%	–
NCR	Exit	NCR CORP NEW	$0	–	0	–	0.00%	–
QTWWQ	Exit	QUANTUM FUEL SYS TECH WORLDW	$0	–	-37	–	0.00%	–
OHGI	Exit	ONE HORIZON GROUP INC	$0	–	0	–	0.00%	–
TA	Exit	TRAVELCENTERS AMER LLC	$0	–	0	–	0.00%	–
MEG	Exit	MEDIA GEN INC NEW	$0	–	-73	–	-0.00%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-21	–	-0.00%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-35	–	-0.00%	–
NKE	Exit	NIKE INCcl b	$0	–	-6	–	-0.00%	–
XONE	Exit	EXONE CO	$0	–	-105	–	-0.00%	–
EBAY	Exit	EBAY INC	$0	–	-35	–	-0.00%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-17	–	-0.00%	–
SSYS	Exit	STRATASYS LTD	$0	–	-42	–	-0.00%	–
CSAL	Exit	COMMUNICATIONS SALES&LEAS IN	$0	–	-40	–	-0.00%	–
IVR	Exit	INVESCO MORTGAGE CAPITAL INC	$0	–	-100	–	-0.00%	–
FUEL	Exit	ROCKET FUEL INC	$0	–	-300	–	-0.00%	–
DDD	Exit	3-D SYS CORP DEL	$0	–	-69	–	-0.00%	–
WFM	Exit	WHOLE FOODS MKT INC	$0	–	-50	–	-0.00%	–
IPGP	Exit	IPG PHOTONICS CORP	$0	–	-42	–	-0.00%	–
IGD	Exit	VOYA GLBL EQTY DIV & PREM OP	$0	–	-330	–	-0.00%	–
MLCO	Exit	MELCO CROWN ENTMT LTDadr	$0	–	-220	–	-0.00%	–
MDWD	Exit	MEDIWOUND LTD	$0	–	-300	–	-0.00%	–
TM	Exit	TOYOTA MOTOR CORP	$0	–	-20	–	-0.00%	–
ETV	Exit	EATON VANCE TX MNG BY WRT OP	$0	–	-330	–	-0.00%	–
WU	Exit	WESTERN UN CO	$0	–	-239	–	-0.00%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-115	–	-0.00%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-100	–	-0.00%	–
XPO	Exit	XPO LOGISTICS INC	$0	–	-200	–	-0.00%	–
DIAX	Exit	NUVEEN DOW 30 DYN OVERWRITE	$0	–	-324	–	-0.00%	–
JD	Exit	JD COM INCspon adr cl a	$0	–	-200	–	-0.00%	–
NFLX	Exit	NETFLIX INC	$0	–	-50	–	-0.00%	–
QIHU	Exit	QIHOO 360 TECHNOLOGY CO LTDads	$0	–	-125	–	-0.01%	–
EMAN	Exit	EMAGIN CORP	$0	–	-2,700	–	-0.01%	–
NBL	Exit	NOBLE ENERGY INC	$0	–	-200	–	-0.01%	–
BPL	Exit	BUCKEYE PARTNERS L Punit ltd partn	$0	–	-100	–	-0.01%	–
JQC	Exit	NUVEEN CR STRATEGIES INCM FD	$0	–	-781	–	-0.01%	–
YY	Exit	YY INC	$0	–	-125	–	-0.01%	–
MYL	Exit	MYLAN N V	$0	–	-200	–	-0.01%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-270	–	-0.01%	–
KO	Exit	COCA COLA CO	$0	–	-208	–	-0.01%	–
URI	Exit	UNITED RENTALS INC	$0	–	-150	–	-0.01%	–
AMZN	Exit	AMAZON COM INC	$0	–	-18	–	-0.01%	–
NLY	Exit	ANNALY CAP MGMT INC	$0	–	-1,000	–	-0.01%	–
CCL	Exit	CARNIVAL CORPpaired ctf	$0	–	-200	–	-0.01%	–
EEP	Exit	ENBRIDGE ENERGY PARTNERS L P	$0	–	-450	–	-0.01%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-1,212	–	-0.01%	–
VGK	Exit	VANGUARD INTL EQUITY INDEX Fftse europe etf	$0	–	-300	–	-0.01%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-35	–	-0.01%	–
JBHT	Exit	HUNT J B TRANS SVCS INC	$0	–	-239	–	-0.01%	–
RBSPRFCL	Exit	ROYAL BK SCOTLAND GROUP PLCspon adr f	$0	–	-700	–	-0.01%	–
GWPH	Exit	GW PHARMACEUTICALS PLCads	$0	–	-200	–	-0.01%	–
AMU	Exit	UBS AG LONDON BRHetrac aler mlp	$0	–	-1,500	–	-0.01%	–
RCL	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-200	–	-0.01%	–
VIPS	Exit	VIPSHOP HLDGS LTDsponsored adr	$0	–	-1,000	–	-0.01%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-200	–	-0.02%	–
MIDD	Exit	MIDDLEBY CORP	$0	–	-192	–	-0.02%	–
YUM	Exit	YUM BRANDS INC	$0	–	-250	–	-0.02%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-200	–	-0.02%	–
RBSPRHCL	Exit	ROYAL BK SCOTLAND GROUP PLCspon adr ser h	$0	–	-1,000	–	-0.02%	–
VHT	Exit	VANGUARD WORLD FDShealth car etf	$0	–	-200	–	-0.02%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-600	–	-0.02%	–
DNP	Exit	DNP SELECT INCOME FD	$0	–	-3,000	–	-0.02%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-500	–	-0.02%	–
F	Exit	FORD MTR CO DEL	$0	–	-2,100	–	-0.02%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-200	–	-0.02%	–
BIIB	Exit	BIOGEN INC	$0	–	-100	–	-0.02%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-500	–	-0.02%	–
C	Exit	CITIGROUP INC	$0	–	-610	–	-0.02%	–
LVS	Exit	LAS VEGAS SANDS CORP	$0	–	-800	–	-0.02%	–
HD	Exit	HOME DEPOT INC	$0	–	-269	–	-0.02%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-1,157	–	-0.03%	–
FEYE	Exit	FIREEYE INC	$0	–	-1,085	–	-0.03%	–
PFF	Exit	ISHARES TRu.s. pfd stk etf	$0	–	-1,000	–	-0.03%	–
ORCL	Exit	ORACLE CORP	$0	–	-1,100	–	-0.03%	–
CNW	Exit	CON-WAY INC	$0	–	-1,500	–	-0.03%	–
PGX	Exit	POWERSHARES GLOBAL ETF TRUSTagg pfd port	$0	–	-3,250	–	-0.04%	–
PSK	Exit	SPDR SERIES TRUSTwells fg pfd etf	$0	–	-1,075	–	-0.04%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-830	–	-0.04%	–
V	Exit	VISA INC	$0	–	-700	–	-0.04%	–
TWTR	Exit	TWITTER INC	$0	–	-1,950	–	-0.04%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-1,000	–	-0.04%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-1,200	–	-0.04%	–
INTC	Exit	INTEL CORP	$0	–	-1,780	–	-0.04%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-1,610	–	-0.05%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-1,000	–	-0.05%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-1,000	–	-0.05%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-2,438	–	-0.05%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-1,000	–	-0.06%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-1,516	–	-0.06%	–
MCD	Exit	MCDONALDS CORP	$0	–	-753	–	-0.06%	–
WWAV	Exit	WHITEWAVE FOODS CO	$0	–	-2,000	–	-0.06%	–
T	Exit	AT&T INC	$0	–	-2,485	–	-0.06%	–
DIS	Exit	DISNEY WALT CO	$0	–	-805	–	-0.07%	–
UAA	Exit	UNDER ARMOUR INCcl a	$0	–	-920	–	-0.07%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-1,245	–	-0.08%	–
BAC	Exit	BANK AMER CORP	$0	–	-6,259	–	-0.08%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-2,327	–	-0.08%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-1,050	–	-0.08%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-1,810	–	-0.08%	–
AGN	Exit	ALLERGAN PLC	$0	–	-400	–	-0.09%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-838	–	-0.09%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-1,000	–	-0.09%	–
CELG	Exit	CELGENE CORP	$0	–	-1,200	–	-0.10%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-2,000	–	-0.12%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-8,204	–	-0.17%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-2,750	–	-0.20%	–
ESBA	Exit	EMPIRE ST RLTY OP L Punit ltd prtnsp	$0	–	-17,206	–	-0.24%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-3,375	–	-0.24%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-40,150	–	-0.36%	–
AAPL	Exit	APPLE INC	$0	–	-7,332	–	-0.65%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFut ser 1	$0	–	-9,000	–	-1.18%	–
SHV	Exit	ISHARES TRshrt trs bd etf	$0	–	-28,000	–	-2.49%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-33,088	–	-2.85%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-48,647	–	-3.87%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-63,151	–	-9.75%	–
TLT	Exit	ISHARES TR20+ yr tr bd etf	$0	–	-757,335	–	-75.37%	–

Q3 2015

			Value		Shares		↓ Weighting
TLT	New	ISHARES TR20+ yr tr bd etf	$93,561,000	–	757,335	–	75.37%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$12,102,000	–	63,151	–	9.75%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$4,802,000	–	48,647	–	3.87%	–
GLD	New	SPDR GOLD TRUST	$3,536,000	–	33,088	–	2.85%	–
SHV	New	ISHARES TRshrt trs bd etf	$3,089,000	–	28,000	–	2.49%	–
DIA	New	SPDR DOW JONES INDL AVRG ETFut ser 1	$1,464,000	–	9,000	–	1.18%	–
AAPL	Buy	APPLE INC	$809,000	-11.1%	7,332	+1.1%	0.65%	-98.8%
IAU	New	ISHARES GOLD TRUSTishares	$453,000	–	40,150	–	0.36%	–
FB	Buy	FACEBOOK INCcl a	$303,000	+6.3%	3,375	+1.5%	0.24%	-98.5%
MA	New	MASTERCARD INCcl a	$248,000	–	2,750	–	0.20%	–
XOM	New	EXXON MOBIL CORP	$149,000	–	2,000	–	0.12%	–
CELG	New	CELGENE CORP	$130,000	–	1,200	–	0.10%	–
UNH	New	UNITEDHEALTH GROUP INC	$116,000	–	1,000	–	0.09%	–
BIDU	New	BAIDU INCspon adr rep a	$115,000	–	838	–	0.09%	–
AGN	New	ALLERGAN PLC	$109,000	–	400	–	0.09%	–
SBUX	New	STARBUCKS CORP	$103,000	–	1,810	–	0.08%	–
GILD	New	GILEAD SCIENCES INC	$103,000	–	1,050	–	0.08%	–
VZ	New	VERIZON COMMUNICATIONS INC	$101,000	–	2,327	–	0.08%	–
BAC	New	BANK AMER CORP	$98,000	–	6,259	–	0.08%	–
CVX	New	CHEVRON CORP NEW	$98,000	–	1,245	–	0.08%	–
UAA	New	UNDER ARMOUR INCcl a	$89,000	–	920	–	0.07%	–
DIS	New	DISNEY WALT CO	$82,000	–	805	–	0.07%	–
T	New	AT&T INC	$81,000	–	2,485	–	0.06%	–
WWAV	New	WHITEWAVE FOODS CO	$80,000	–	2,000	–	0.06%	–
MCD	New	MCDONALDS CORP	$74,000	–	753	–	0.06%	–
DD	New	DU PONT E I DE NEMOURS & CO	$73,000	–	1,516	–	0.06%	–
PG	New	PROCTER & GAMBLE CO	$72,000	–	1,000	–	0.06%	–
KMI	New	KINDER MORGAN INC DEL	$67,000	–	2,438	–	0.05%	–
WMT	New	WAL-MART STORES INC	$65,000	–	1,000	–	0.05%	–
CAT	New	CATERPILLAR INC DEL	$65,000	–	1,000	–	0.05%	–
TD	New	TORONTO DOMINION BK ONT	$63,000	–	1,610	–	0.05%	–
DAL	New	DELTA AIR LINES INC DEL	$54,000	–	1,200	–	0.04%	–
TWTR	New	TWITTER INC	$53,000	–	1,950	–	0.04%	–
INTC	New	INTEL CORP	$54,000	–	1,780	–	0.04%	–
MO	New	ALTRIA GROUP INC	$54,000	–	1,000	–	0.04%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$49,000	–	830	–	0.04%	–
V	New	VISA INC	$49,000	–	700	–	0.04%	–
PGX	New	POWERSHARES GLOBAL ETF TRUSTagg pfd port	$47,000	–	3,250	–	0.04%	–
PSK	New	SPDR SERIES TRUSTwells fg pfd etf	$47,000	–	1,075	–	0.04%	–
CNW	New	CON-WAY INC	$42,000	–	1,500	–	0.03%	–
ORCL	New	ORACLE CORP	$40,000	–	1,100	–	0.03%	–
PFF	New	ISHARES TRu.s. pfd stk etf	$39,000	–	1,000	–	0.03%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$35,000	–	1,157	–	0.03%	–
FEYE	New	FIREEYE INC	$35,000	–	1,085	–	0.03%	–
HD	New	HOME DEPOT INC	$31,000	–	269	–	0.02%	–
LVS	New	LAS VEGAS SANDS CORP	$30,000	–	800	–	0.02%	–
C	New	CITIGROUP INC	$30,000	–	610	–	0.02%	–
COST	New	COSTCO WHSL CORP NEW	$29,000	–	200	–	0.02%	–
BIIB	New	BIOGEN INC	$29,000	–	100	–	0.02%	–
F	New	FORD MTR CO DEL	$28,000	–	2,100	–	0.02%	–
WFC	New	WELLS FARGO & CO NEW	$29,000	–	500	–	0.02%	–
APH	New	AMPHENOL CORP NEWcl a	$29,000	–	500	–	0.02%	–
DNP	New	DNP SELECT INCOME FD	$27,000	–	3,000	–	0.02%	–
MSFT	New	MICROSOFT CORP	$27,000	–	600	–	0.02%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$25,000	–	200	–	0.02%	–
RBSPRHCL	New	ROYAL BK SCOTLAND GROUP PLCspon adr ser h	$25,000	–	1,000	–	0.02%	–
VHT	New	VANGUARD WORLD FDShealth car etf	$25,000	–	200	–	0.02%	–
MIDD	New	MIDDLEBY CORP	$20,000	–	192	–	0.02%	–
YUM	New	YUM BRANDS INC	$20,000	–	250	–	0.02%	–
JNJ	New	JOHNSON & JOHNSON	$19,000	–	200	–	0.02%	–
JBHT	New	HUNT J B TRANS SVCS INC	$17,000	–	239	–	0.01%	–
GWPH	New	GW PHARMACEUTICALS PLCads	$18,000	–	200	–	0.01%	–
RBSPRFCL	New	ROYAL BK SCOTLAND GROUP PLCspon adr f	$17,000	–	700	–	0.01%	–
AMU	New	UBS AG LONDON BRHetrac aler mlp	$17,000	–	1,500	–	0.01%	–
VIPS	New	VIPSHOP HLDGS LTDsponsored adr	$17,000	–	1,000	–	0.01%	–
RCL	New	ROYAL CARIBBEAN CRUISES LTD	$18,000	–	200	–	0.01%	–
REGN	New	REGENERON PHARMACEUTICALS	$16,000	–	35	–	0.01%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$14,000	–	300	–	0.01%	–
VLY	New	VALLEY NATL BANCORP	$12,000	–	1,212	–	0.01%	–
EEP	New	ENBRIDGE ENERGY PARTNERS L P	$11,000	–	450	–	0.01%	–
CCL	New	CARNIVAL CORPpaired ctf	$10,000	–	200	–	0.01%	–
NLY	New	ANNALY CAP MGMT INC	$10,000	–	1,000	–	0.01%	–
URI	New	UNITED RENTALS INC	$9,000	–	150	–	0.01%	–
AMZN	New	AMAZON COM INC	$9,000	–	18	–	0.01%	–
JQC	New	NUVEEN CR STRATEGIES INCM FD	$8,000	–	781	–	0.01%	–
YY	New	YY INC	$7,000	–	125	–	0.01%	–
KO	New	COCA COLA CO	$8,000	–	208	–	0.01%	–
MYL	New	MYLAN N V	$8,000	–	200	–	0.01%	–
CHK	New	CHESAPEAKE ENERGY CORP	$7,000	–	270	–	0.01%	–
EMAN	New	EMAGIN CORP	$6,000	–	2,700	–	0.01%	–
BPL	New	BUCKEYE PARTNERS L Punit ltd partn	$6,000	–	100	–	0.01%	–
NBL	New	NOBLE ENERGY INC	$6,000	–	200	–	0.01%	–
QIHU	New	QIHOO 360 TECHNOLOGY CO LTDads	$6,000	–	125	–	0.01%	–
MRK	New	MERCK & CO INC NEW	$5,000	–	100	–	0.00%	–
NFLX	New	NETFLIX INC	$5,000	–	50	–	0.00%	–
DIAX	New	NUVEEN DOW 30 DYN OVERWRITE	$5,000	–	324	–	0.00%	–
XPO	New	XPO LOGISTICS INC	$5,000	–	200	–	0.00%	–
JD	New	JD COM INCspon adr cl a	$5,000	–	200	–	0.00%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$4,000	–	115	–	0.00%	–
WU	New	WESTERN UN CO	$4,000	–	239	–	0.00%	–
ETV	New	EATON VANCE TX MNG BY WRT OP	$4,000	–	330	–	0.00%	–
IPGP	New	IPG PHOTONICS CORP	$3,000	–	42	–	0.00%	–
WFM	New	WHOLE FOODS MKT INC	$2,000	–	50	–	0.00%	–
MLCO	New	MELCO CROWN ENTMT LTDadr	$3,000	–	220	–	0.00%	–
MDWD	New	MEDIWOUND LTD	$2,000	–	300	–	0.00%	–
IGD	New	VOYA GLBL EQTY DIV & PREM OP	$3,000	–	330	–	0.00%	–
TM	New	TOYOTA MOTOR CORP	$2,000	–	20	–	0.00%	–
SSYS	New	STRATASYS LTD	$1,000	–	42	–	0.00%	–
EBAY	New	EBAY INC	$1,000	–	35	–	0.00%	–
CSAL	New	COMMUNICATIONS SALES&LEAS IN	$1,000	–	40	–	0.00%	–
DDD	New	3-D SYS CORP DEL	$1,000	–	69	–	0.00%	–
XONE	New	EXONE CO	$1,000	–	105	–	0.00%	–
PYPL	New	PAYPAL HLDGS INC	$1,000	–	35	–	0.00%	–
NKE	New	NIKE INCcl b	$1,000	–	6	–	0.00%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$1,000	–	21	–	0.00%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$1,000	–	17	–	0.00%	–
MEG	New	MEDIA GEN INC NEW	$1,000	–	73	–	0.00%	–
IVR	New	INVESCO MORTGAGE CAPITAL INC	$1,000	–	100	–	0.00%	–
FUEL	New	ROCKET FUEL INC	$1,000	–	300	–	0.00%	–
CC	New	CHEMOURS CO	$0	–	3	–	0.00%	–
Y	New	ALLEGHANY CORP DEL	$0	–	0	–	0.00%	–
VRA	New	VERA BRADLEY INC	$0	–	2,500	–	0.00%	–
CNI	New	CANADIAN NATL RY CO	$0	–	0	–	0.00%	–
DRYS	New	DRYSHIPS INC	$0	–	100	–	0.00%	–
NCR	New	NCR CORP NEW	$0	–	0	–	0.00%	–
ROBO	New	EXCHANGE TRADED CONCEPTS TRrobo stx glb etf	$0	–	11	–	0.00%	–
ETP	New	ENERGY TRANSFER PRTNRS L Punit ltd partn	$0	–	0	–	0.00%	–
QCOM	New	QUALCOMM INC	$0	–	0	–	0.00%	–
TIF	New	TIFFANY & CO NEW	$0	–	3	–	0.00%	–
MDLZ	New	MONDELEZ INTL INCcl a	$0	–	0	–	0.00%	–
SWN	New	SOUTHWESTERN ENERGY CO	$0	–	0	–	0.00%	–
WIN	New	WINDSTREAM HLDGS INC	$0	–	33	–	0.00%	–
QTWWQ	New	QUANTUM FUEL SYS TECH WORLDW	$0	–	37	–	0.00%	–
SJM	New	SMUCKER J M CO	$0	–	4	–	0.00%	–
TA	New	TRAVELCENTERS AMER LLC	$0	–	0	–	0.00%	–
CMRX	New	CHIMERIX INC	$0	–	13	–	0.00%	–
ETW	New	EATON VANCE TXMGD GL BUYWR O	$0	–	0	–	0.00%	–
CHS	New	CHICOS FAS INC	$0	–	0	–	0.00%	–
PFE	New	PFIZER INC	$0	–	0	–	0.00%	–
ZTR	New	ZWEIG TOTAL RETURN FD INC	$0	–	0	–	0.00%	–
GALT	New	GALECTIN THERAPEUTICS INC	$0	–	84	–	0.00%	–
OHGI	New	ONE HORIZON GROUP INC	$0	–	0	–	0.00%	–

Q2 2015

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$910,000	–	7,252	–	53.40%	–
ESBA	New	EMPIRE ST RLTY OP L Punit ltd prtnsp	$291,000	–	17,206	–	17.08%	–
FB	New	FACEBOOK INCcl a	$285,000	–	3,325	–	16.72%	–
GE	New	GENERAL ELECTRIC CO	$218,000	–	8,204	–	12.79%	–

Q4 2014

			Value		Shares		↓ Weighting
OHGI	Exit	ONE HORIZON GROUP INC	$0	–	0	–	0.00%	–
GALT	Exit	GALECTIN THERAPEUTICS INC	$0	–	-84	–	0.00%	–
TIF	Exit	TIFFANY & CO NEW	$0	–	-3	–	0.00%	–
LIN	Exit	LIN MEDIA LLC	$0	–	-50	–	0.00%	–
MCD	Exit	MCDONALDS CORP	$0	–	-3	–	0.00%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	0	–	0.00%	–
DIS	Exit	DISNEY WALT CO	$0	–	-5	–	0.00%	–
DRYS	Exit	DRYSHIPS INC	$0	–	-100	–	0.00%	–
ETW	Exit	EATON VANCE TXMGD GL BUYWR O	$0	–	0	–	0.00%	–
ROBO	Exit	EXCHANGE TRADED CONCEPTS TRrobo stx glb etf	$0	–	-11	–	0.00%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-21	–	0.00%	–
SJM	Exit	SMUCKER J M CO	$0	–	-4	–	0.00%	–
NKE	Exit	NIKE INCcl b	$0	–	-6	–	0.00%	–
PFE	Exit	PFIZER INC	$0	–	0	–	0.00%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-16	–	0.00%	–
SWSH	Exit	SWISHER HYGIENE INC	$0	–	-80	–	0.00%	–
VRA	Exit	VERA BRADLEY INC	$0	–	-2,500	–	0.00%	–
GKNT	Exit	GEEKNET INC	$0	–	-1	–	0.00%	–
QTWWQ	Exit	QUANTUM FUEL SYS TECH WORLDW	$0	–	-37	–	0.00%	–
HTA	Exit	HEALTHCARE TR AMER INCcl a	$0	–	-150	–	-0.00%	–
WIN	Exit	WINDSTREAM HLDGS INC	$0	–	-200	–	-0.00%	–
MNKD	Exit	MANNKIND CORP	$0	–	-400	–	-0.00%	–
EBAY	Exit	EBAY INC	$0	–	-35	–	-0.00%	–
IGD	Exit	VOYA GLBL EQTY DIV & PREM OP	$0	–	-330	–	-0.00%	–
XONE	Exit	EXONE CO	$0	–	-105	–	-0.00%	–
WFM	Exit	WHOLE FOODS MKT INC	$0	–	-50	–	-0.00%	–
TM	Exit	TOYOTA MOTOR CORP	$0	–	-20	–	-0.00%	–
RENN	Exit	RENREN INCsponsored adr	$0	–	-600	–	-0.00%	–
IPGP	Exit	IPG PHOTONICS CORP	$0	–	-42	–	-0.00%	–
DHY	Exit	CREDIT SUISSE HIGH YLD BND Fsh ben int	$0	–	-1,000	–	-0.00%	–
IVR	Exit	INVESCO MORTGAGE CAPITAL INC	$0	–	-100	–	-0.00%	–
MDWD	Exit	MEDIWOUND LTD	$0	–	-300	–	-0.00%	–
DDD	Exit	3-D SYS CORP DEL	$0	–	-69	–	-0.00%	–
2101SC	Exit	DOW 30 PREMIUM & DIV INC FD	$0	–	-324	–	-0.00%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-110	–	-0.00%	–
UNG	Exit	UNITED STATES NATL GAS FUNDunit par $0.001	$0	–	-187	–	-0.00%	–
SSYS	Exit	STRATASYS LTD	$0	–	-42	–	-0.00%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-115	–	-0.00%	–
FUEL	Exit	ROCKET FUEL INC	$0	–	-300	–	-0.00%	–
WU	Exit	WESTERN UN CO	$0	–	-239	–	-0.00%	–
JD	Exit	JD COM INCspon adr cl a	$0	–	-200	–	-0.00%	–
ETV	Exit	EATON VANCE TX MNG BY WRT OP	$0	–	-330	–	-0.00%	–
YUM	Exit	YUM BRANDS INC	$0	–	-100	–	-0.00%	–
MLCO	Exit	MELCO CROWN ENTMT LTDadr	$0	–	-220	–	-0.00%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-270	–	-0.00%	–
RGR	Exit	STURM RUGER & CO INC	$0	–	-125	–	-0.00%	–
T	Exit	AT&T INC	$0	–	-185	–	-0.00%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-100	–	-0.00%	–
EMAN	Exit	EMAGIN CORP	$0	–	-2,700	–	-0.00%	–
YY	Exit	YY INC	$0	–	-125	–	-0.00%	–
XPO	Exit	XPO LOGISTICS INC	$0	–	-200	–	-0.00%	–
MYL	Exit	MYLAN INC	$0	–	-200	–	-0.00%	–
BPL	Exit	BUCKEYE PARTNERS L Punit ltd partn	$0	–	-100	–	-0.00%	–
QIHU	Exit	QIHOO 360 TECHNOLOGY CO LTDads	$0	–	-125	–	-0.00%	–
YHOO	Exit	YAHOO INC	$0	–	-200	–	-0.00%	–
KO	Exit	COCA COLA CO	$0	–	-208	–	-0.00%	–
CCL	Exit	CARNIVAL CORPpaired ctf	$0	–	-200	–	-0.00%	–
JQC	Exit	NUVEEN CR STRATEGIES INCM FD	$0	–	-781	–	-0.00%	–
OKS	Exit	ONEOK PARTNERS LPunit ltd partn	$0	–	-200	–	-0.01%	–
HPQ	Exit	HEWLETT PACKARD CO	$0	–	-300	–	-0.01%	–
SIRI	Exit	SIRIUS XM HLDGS INC	$0	–	-3,065	–	-0.01%	–
TWTR	Exit	TWITTER INC	$0	–	-200	–	-0.01%	–
MDVN	Exit	MEDIVATION INC	$0	–	-100	–	-0.01%	–
DOW	Exit	DOW CHEM CO	$0	–	-255	–	-0.01%	–
RCL	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-200	–	-0.01%	–
FEYE	Exit	FIREEYE INC	$0	–	-385	–	-0.01%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-35	–	-0.01%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-1,212	–	-0.01%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-100	–	-0.01%	–
VGK	Exit	VANGUARD INTL EQUITY INDEX Fftse europe etf	$0	–	-300	–	-0.01%	–
NBL	Exit	NOBLE ENERGY INC	$0	–	-200	–	-0.01%	–
BWP	Exit	BOARDWALK PIPELINE PARTNERSut ltd partner	$0	–	-750	–	-0.01%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-170	–	-0.01%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-400	–	-0.01%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-2,000	–	-0.01%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-200	–	-0.01%	–
EEP	Exit	ENBRIDGE ENERGY PARTNERS L P	$0	–	-450	–	-0.01%	–
AMU	Exit	UBS AG LONDON BRHetrac aler mlp	$0	–	-1,500	–	-0.01%	–
JBHT	Exit	HUNT J B TRANS SVCS INC	$0	–	-239	–	-0.01%	–
MIDD	Exit	MIDDLEBY CORP	$0	–	-192	–	-0.01%	–
RBSPRFCL	Exit	ROYAL BK SCOTLAND GROUP PLCspon adr f	$0	–	-700	–	-0.01%	–
URI	Exit	UNITED RENTALS INC	$0	–	-150	–	-0.01%	–
VIPS	Exit	VIPSHOP HLDGS LTDsponsored adr	$0	–	-100	–	-0.01%	–
TGB	Exit	TASEKO MINES LTD	$0	–	-11,000	–	-0.01%	–
4945SC	Exit	KINDER MORGAN ENERGY PARTNERut ltd partner	$0	–	-200	–	-0.01%	–
TRX	Exit	TANZANIAN ROYALTY EXPL CORP	$0	–	-9,000	–	-0.01%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-500	–	-0.01%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-200	–	-0.01%	–
CHKR	Exit	CHESAPEAKE GRANITE WASH TR	$0	–	-2,000	–	-0.01%	–
VHT	Exit	VANGUARD WORLD FDShealth car etf	$0	–	-200	–	-0.01%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-305	–	-0.01%	–
HD	Exit	HOME DEPOT INC	$0	–	-269	–	-0.01%	–
RBSPRHCL	Exit	ROYAL BK SCOTLAND GROUP PLCspon adr ser h	$0	–	-1,000	–	-0.01%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-200	–	-0.01%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-500	–	-0.01%	–
DNP	Exit	DNP SELECT INCOME FD	$0	–	-3,000	–	-0.01%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-245	–	-0.01%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-900	–	-0.01%	–
V	Exit	VISA INC	$0	–	-150	–	-0.02%	–
AMZN	Exit	AMAZON COM INC	$0	–	-100	–	-0.02%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-100	–	-0.02%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-677	–	-0.02%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-800	–	-0.02%	–
PFF	Exit	ISHARESu.s. pfd stk etf	$0	–	-1,000	–	-0.02%	–
CNW	Exit	CON-WAY INC	$0	–	-1,500	–	-0.02%	–
PGX	Exit	POWERSHARES GLOBAL ETF TRUSTagg pfd port	$0	–	-3,250	–	-0.02%	–
PSK	Exit	SPDR SERIES TRUSTwells fg pfd etf	$0	–	-1,075	–	-0.02%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-1,200	–	-0.03%	–
F	Exit	FORD MTR CO DEL	$0	–	-4,200	–	-0.03%	–
C	Exit	CITIGROUP INC	$0	–	-1,210	–	-0.03%	–
LVS	Exit	LAS VEGAS SANDS CORP	$0	–	-1,050	–	-0.03%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-780	–	-0.03%	–
BAC	Exit	BANK AMER CORP	$0	–	-4,259	–	-0.03%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-800	–	-0.04%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-150	–	-0.04%	–
ORCL	Exit	ORACLE CORP	$0	–	-2,400	–	-0.04%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-166	–	-0.05%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-1,750	–	-0.06%	–
INTC	Exit	INTEL CORP	$0	–	-4,780	–	-0.08%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-838	–	-0.09%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-2,325	–	-0.09%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-9,304	–	-0.11%	–
AAPL	Exit	APPLE INC	$0	–	-7,102	–	-0.34%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-91,270	–	-0.50%	–
SHV	Exit	ISHARESshrt trs bd etf	$0	–	-28,000	–	-1.46%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-35,870	–	-1.97%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-64,896	–	-3.10%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-483,129	–	-44.95%	–
TLT	Exit	ISHARES TR20+ yr tr bd etf	$0	–	-843,388	–	-46.31%	–

Q3 2014

			Value		Shares		↓ Weighting
TLT	Sell	ISHARES TR20+ yr tr bd etf	$98,061,000	-1.4%	843,388	-3.7%	46.31%	-0.4%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$95,186,000	-2.6%	483,129	-3.2%	44.95%	-1.6%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$6,570,000	-1.9%	64,896	-1.4%	3.10%	-0.9%
GLD	Sell	SPDR GOLD TRUST	$4,168,000	-10.9%	35,870	-1.8%	1.97%	-10.0%
AAPL	Sell	APPLE INC	$716,000	+7.7%	7,102	-0.8%	0.34%	+8.7%
GE	Buy	GENERAL ELECTRIC CO	$238,000	-1.7%	9,304	+1.1%	0.11%	-0.9%
FB	New	FACEBOOK INCcl a	$184,000	–	2,325	–	0.09%	–
BIDU	New	BAIDU INCspon adr rep a	$183,000	–	838	–	0.09%	–
INTC	New	INTEL CORP	$166,000	–	4,780	–	0.08%	–
MA	New	MASTERCARD INCcl a	$129,000	–	1,750	–	0.06%	–
GOOGL	New	GOOGLE INCcl a	$98,000	–	166	–	0.05%	–
ORCL	New	ORACLE CORP	$92,000	–	2,400	–	0.04%	–
GOOG	New	GOOGLE INCcl c	$87,000	–	150	–	0.04%	–
GILD	New	GILEAD SCIENCES INC	$85,000	–	800	–	0.04%	–
BAC	New	BANK AMER CORP	$73,000	–	4,259	–	0.03%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$69,000	–	780	–	0.03%	–
LVS	New	LAS VEGAS SANDS CORP	$65,000	–	1,050	–	0.03%	–
C	New	CITIGROUP INC	$63,000	–	1,210	–	0.03%	–
F	New	FORD MTR CO DEL	$62,000	–	4,200	–	0.03%	–
MSFT	New	MICROSOFT CORP	$56,000	–	1,200	–	0.03%	–
PSK	New	SPDR SERIES TRUSTwells fg pfd etf	$47,000	–	1,075	–	0.02%	–
PGX	New	POWERSHARES GLOBAL ETF TRUSTagg pfd port	$47,000	–	3,250	–	0.02%	–
CNW	New	CON-WAY INC	$42,000	–	1,500	–	0.02%	–
PFF	New	ISHARESu.s. pfd stk etf	$40,000	–	1,000	–	0.02%	–
MO	New	ALTRIA GROUP INC	$37,000	–	800	–	0.02%	–
BIIB	New	BIOGEN IDEC INC	$33,000	–	100	–	0.02%	–
VZ	New	VERIZON COMMUNICATIONS INC	$34,000	–	677	–	0.02%	–
AMZN	New	AMAZON COM INC	$32,000	–	100	–	0.02%	–
V	New	VISA INC	$32,000	–	150	–	0.02%	–
CVX	New	CHEVRON CORP NEW	$29,000	–	245	–	0.01%	–
RIG	New	TRANSOCEAN LTD	$29,000	–	900	–	0.01%	–
APH	New	AMPHENOL CORP NEWcl a	$29,000	–	500	–	0.01%	–
DNP	New	DNP SELECT INCOME FD	$30,000	–	3,000	–	0.01%	–
RBSPRHCL	New	ROYAL BK SCOTLAND GROUP PLCspon adr ser h	$25,000	–	1,000	–	0.01%	–
HD	New	HOME DEPOT INC	$25,000	–	269	–	0.01%	–
COST	New	COSTCO WHSL CORP NEW	$25,000	–	200	–	0.01%	–
SBUX	New	STARBUCKS CORP	$23,000	–	305	–	0.01%	–
VHT	New	VANGUARD WORLD FDShealth car etf	$23,000	–	200	–	0.01%	–
JNJ	New	JOHNSON & JOHNSON	$21,000	–	200	–	0.01%	–
WFC	New	WELLS FARGO & CO NEW	$22,000	–	500	–	0.01%	–
CHKR	New	CHESAPEAKE GRANITE WASH TR	$21,000	–	2,000	–	0.01%	–
TRX	New	TANZANIAN ROYALTY EXPL CORP	$19,000	–	9,000	–	0.01%	–
VIPS	New	VIPSHOP HLDGS LTDsponsored adr	$19,000	–	100	–	0.01%	–
4945SC	New	KINDER MORGAN ENERGY PARTNERut ltd partner	$19,000	–	200	–	0.01%	–
MIDD	New	MIDDLEBY CORP	$17,000	–	192	–	0.01%	–
AMU	New	UBS AG LONDON BRHetrac aler mlp	$17,000	–	1,500	–	0.01%	–
URI	New	UNITED RENTALS INC	$17,000	–	150	–	0.01%	–
JBHT	New	HUNT J B TRANS SVCS INC	$18,000	–	239	–	0.01%	–
NOK	New	NOKIA CORPsponsored adr	$17,000	–	2,000	–	0.01%	–
RBSPRFCL	New	ROYAL BK SCOTLAND GROUP PLCspon adr f	$17,000	–	700	–	0.01%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$17,000	–	200	–	0.01%	–
EEP	New	ENBRIDGE ENERGY PARTNERS L P	$17,000	–	450	–	0.01%	–
DAL	New	DELTA AIR LINES INC DEL	$14,000	–	400	–	0.01%	–
PRGO	New	PERRIGO CO PLC	$15,000	–	100	–	0.01%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$14,000	–	300	–	0.01%	–
BWP	New	BOARDWALK PIPELINE PARTNERSut ltd partner	$14,000	–	750	–	0.01%	–
AXP	New	AMERICAN EXPRESS CO	$15,000	–	170	–	0.01%	–
NBL	New	NOBLE ENERGY INC	$14,000	–	200	–	0.01%	–
DOW	New	DOW CHEM CO	$13,000	–	255	–	0.01%	–
RCL	New	ROYAL CARIBBEAN CRUISES LTD	$13,000	–	200	–	0.01%	–
REGN	New	REGENERON PHARMACEUTICALS	$13,000	–	35	–	0.01%	–
VLY	New	VALLEY NATL BANCORP	$12,000	–	1,212	–	0.01%	–
FEYE	New	FIREEYE INC	$12,000	–	385	–	0.01%	–
SIRI	New	SIRIUS XM HLDGS INC	$11,000	–	3,065	–	0.01%	–
OKS	New	ONEOK PARTNERS LPunit ltd partn	$11,000	–	200	–	0.01%	–
TWTR	New	TWITTER INC	$10,000	–	200	–	0.01%	–
HPQ	New	HEWLETT PACKARD CO	$11,000	–	300	–	0.01%	–
MDVN	New	MEDIVATION INC	$10,000	–	100	–	0.01%	–
CCL	New	CARNIVAL CORPpaired ctf	$8,000	–	200	–	0.00%	–
YY	New	YY INC	$9,000	–	125	–	0.00%	–
KO	New	COCA COLA CO	$9,000	–	208	–	0.00%	–
QIHU	New	QIHOO 360 TECHNOLOGY CO LTDads	$8,000	–	125	–	0.00%	–
MYL	New	MYLAN INC	$9,000	–	200	–	0.00%	–
XPO	New	XPO LOGISTICS INC	$8,000	–	200	–	0.00%	–
YHOO	New	YAHOO INC	$8,000	–	200	–	0.00%	–
JQC	New	NUVEEN CR STRATEGIES INCM FD	$8,000	–	781	–	0.00%	–
BPL	New	BUCKEYE PARTNERS L Punit ltd partn	$8,000	–	100	–	0.00%	–
T	New	AT&T INC	$7,000	–	185	–	0.00%	–
CHK	New	CHESAPEAKE ENERGY CORP	$7,000	–	270	–	0.00%	–
EMAN	New	EMAGIN CORP	$6,000	–	2,700	–	0.00%	–
MLCO	New	MELCO CROWN ENTMT LTDadr	$6,000	–	220	–	0.00%	–
MRK	New	MERCK & CO INC NEW	$6,000	–	100	–	0.00%	–
RGR	New	STURM RUGER & CO INC	$6,000	–	125	–	0.00%	–
YUM	New	YUM BRANDS INC	$7,000	–	100	–	0.00%	–
WU	New	WESTERN UN CO	$4,000	–	239	–	0.00%	–
2101SC	New	DOW 30 PREMIUM & DIV INC FD	$5,000	–	324	–	0.00%	–
SSYS	New	STRATASYS LTD	$5,000	–	42	–	0.00%	–
UNG	New	UNITED STATES NATL GAS FUNDunit par $0.001	$5,000	–	187	–	0.00%	–
TD	New	TORONTO DOMINION BK ONT	$5,000	–	110	–	0.00%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$5,000	–	115	–	0.00%	–
JD	New	JD COM INCspon adr cl a	$5,000	–	200	–	0.00%	–
FUEL	New	ROCKET FUEL INC	$5,000	–	300	–	0.00%	–
ETV	New	EATON VANCE TX MNG BY WRT OP	$4,000	–	330	–	0.00%	–
HTA	New	HEALTHCARE TR AMER INCcl a	$2,000	–	150	–	0.00%	–
MDWD	New	MEDIWOUND LTD	$2,000	–	300	–	0.00%	–
RENN	New	RENREN INCsponsored adr	$2,000	–	600	–	0.00%	–
DDD	New	3-D SYS CORP DEL	$3,000	–	69	–	0.00%	–
MNKD	New	MANNKIND CORP	$2,000	–	400	–	0.00%	–
XONE	New	EXONE CO	$2,000	–	105	–	0.00%	–
EBAY	New	EBAY INC	$2,000	–	35	–	0.00%	–
TM	New	TOYOTA MOTOR CORP	$2,000	–	20	–	0.00%	–
IGD	New	VOYA GLBL EQTY DIV & PREM OP	$3,000	–	330	–	0.00%	–
WFM	New	WHOLE FOODS MKT INC	$2,000	–	50	–	0.00%	–
WIN	New	WINDSTREAM HLDGS INC	$2,000	–	200	–	0.00%	–
IVR	New	INVESCO MORTGAGE CAPITAL INC	$2,000	–	100	–	0.00%	–
IPGP	New	IPG PHOTONICS CORP	$3,000	–	42	–	0.00%	–
DHY	New	CREDIT SUISSE HIGH YLD BND Fsh ben int	$3,000	–	1,000	–	0.00%	–
CNI	New	CANADIAN NATL RY CO	$0	–	0	–	0.00%	–
PFE	New	PFIZER INC	$0	–	0	–	0.00%	–
OHGI	New	ONE HORIZON GROUP INC	$0	–	0	–	0.00%	–
NKE	New	NIKE INCcl b	$1,000	–	6	–	0.00%	–
MCD	New	MCDONALDS CORP	$0	–	3	–	0.00%	–
SJM	New	SMUCKER J M CO	$0	–	4	–	0.00%	–
LIN	New	LIN MEDIA LLC	$1,000	–	50	–	0.00%	–
DRYS	New	DRYSHIPS INC	$0	–	100	–	0.00%	–
SWSH	New	SWISHER HYGIENE INC	$0	–	80	–	0.00%	–
TIF	New	TIFFANY & CO NEW	$0	–	3	–	0.00%	–
GKNT	New	GEEKNET INC	$0	–	1	–	0.00%	–
GALT	New	GALECTIN THERAPEUTICS INC	$0	–	84	–	0.00%	–
VRA	New	VERA BRADLEY INC	$0	–	2,500	–	0.00%	–
ROBO	New	EXCHANGE TRADED CONCEPTS TRrobo stx glb etf	$0	–	11	–	0.00%	–
ETW	New	EATON VANCE TXMGD GL BUYWR O	$0	–	0	–	0.00%	–
DD	New	DU PONT E I DE NEMOURS & CO	$1,000	–	16	–	0.00%	–
DIS	New	DISNEY WALT CO	$0	–	5	–	0.00%	–
QTWWQ	New	QUANTUM FUEL SYS TECH WORLDW	$0	–	37	–	0.00%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$1,000	–	21	–	0.00%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-1,730	–	-0.10%	–

Q2 2014

			Value		Shares		↓ Weighting
TLT	New	ISHARES20+ yr tr bd etf	$99,471,000	–	876,243	–	46.49%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$97,732,000	–	499,343	–	45.67%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$6,696,000	–	65,798	–	3.13%	–
GLD	New	SPDR GOLD TRUST	$4,677,000	–	36,528	–	2.19%	–
SHV	New	ISHARESshrt trs bd etf	$3,088,000	–	28,000	–	1.44%	–
IAU	New	ISHARES GOLD TRUSTishares	$1,176,000	–	91,270	–	0.55%	–
AAPL	New	APPLE INC	$665,000	–	7,161	–	0.31%	–
GE	New	GENERAL ELECTRIC CO	$242,000	–	9,204	–	0.11%	–
NOC	New	NORTHROP GRUMMAN CORP	$207,000	–	1,730	–	0.10%	–
TGB	New	TASEKO MINES LTD	$28,000	–	11,000	–	0.01%	–

Q4 2013

			Value		Shares		↓ Weighting
SHY	Exit	ISHARES1-3 yr tr bd etf	$0	–	-4,484	–	-0.51%	–
SHV	Exit	ISHARESshrt trs bd etf	$0	–	-29,952	–	-4.48%	–
IAU	Exit	ISHARES GOLD TRUSTishares	$0	–	-1,580,744	–	-27.64%	–
TLT	Exit	ISHARES20+ yr tr bd etf	$0	–	-466,766	–	-67.37%	–

Q3 2013

			Value		Shares		↓ Weighting
TLT	Sell	ISHARES20+ yr tr bd etf	$49,664,000	-10.5%	466,766	-7.1%	67.37%	+133.6%
IAU	Sell	ISHARES GOLD TRUSTishares	$20,376,000	-1.8%	1,580,744	-8.7%	27.64%	+156.4%
SHY	Sell	ISHARES1-3 yr tr bd etf	$379,000	-6.9%	4,484	-7.2%	0.51%	+143.6%
TGB	Exit	TASEKO MINES LTD	$0	–	-11,000	–	-0.01%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-8,704	–	-0.10%	–
AAPL	Exit	APPLE INC	$0	–	-866	–	-0.18%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-134,153	–	-11.18%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-248,439	–	-15.38%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-735,726	–	-31.60%	–

Q2 2013

			Value		Shares		↓ Weighting
VTI	New	VANGUARD INDEX FDStotal stk mkt	$60,822,000	–	735,726	–	31.60%	–
TLT	New	ISHARES TRbarclys 20+ yr	$55,491,000	–	502,458	–	28.83%	–
GLD	New	SPDR GOLD TRUST	$29,592,000	–	248,439	–	15.38%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$21,521,000	–	134,153	–	11.18%	–
IAU	New	ISHARES GOLD TRUSTishares	$20,748,000	–	1,730,467	–	10.78%	–
SHV	New	ISHARES TRbarclys sh trea	$3,301,000	–	29,952	–	1.72%	–
SHY	New	ISHARES TRbarclys 1-3 yr	$407,000	–	4,834	–	0.21%	–
AAPL	New	APPLE INC	$343,000	–	866	–	0.18%	–
GE	New	GENERAL ELECTRIC CO	$202,000	–	8,704	–	0.10%	–
TGB	New	TASEKO MINES LTD	$21,000	–	11,000	–	0.01%	–

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