Boulegeris Investments, Inc. Activity Q3 2014-Q3 2019

Q3 2019

			Value		Shares		↓ Weighting
		NONEnone	$0	–	0	–	0.00%	–

Q2 2019

			Value		Shares		↓ Weighting
	New	NONEnone	$0	–	0	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
	Exit	NONEnone	$0	–	0	–	0.00%	–

Q3 2018

			Value		Shares		↓ Weighting
	New	NONEnone	$0	–	0	–	0.00%	–
PEI	Exit	PENNSYLVANIA RL ESTATE INVTsh ben int	$0	–	-12,000	–	-0.07%	–
NGD	Exit	NEW GOLD INC CDA	$0	–	-69,339	–	-0.07%	–
BAC	Exit	BANK AMER CORP	$0	–	-7,300	–	-0.10%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-6,230	–	-0.12%	–
AMGN	Exit	AMGEN INC	$0	–	-1,312	–	-0.12%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-5,194	–	-0.13%	–
ARCC	Exit	ARES CAP CORP	$0	–	-15,886	–	-0.13%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-240	–	-0.14%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.14%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-2,203	–	-0.15%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-5,902	–	-0.16%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-950	–	-0.16%	–
PAYX	Exit	PAYCHEX INC	$0	–	-5,000	–	-0.17%	–
MDGL	Exit	MADRIGAL PHARMACEUTICALS INC	$0	–	-1,285	–	-0.18%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,565	–	-0.24%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-39,800	–	-0.24%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-3,110	–	-0.30%	–
SO	Exit	SOUTHERN CO	$0	–	-14,960	–	-0.35%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-15,270	–	-0.35%	–
MRK	Exit	MERCK & CO INC	$0	–	-12,505	–	-0.38%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-21,600	–	-0.38%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-750	–	-0.42%	–
KIM	Exit	KIMCO RLTY CORP	$0	–	-50,477	–	-0.43%	–
MCD	Exit	MCDONALDS CORP	$0	–	-6,145	–	-0.48%	–
HSY	Exit	HERSHEY CO	$0	–	-10,751	–	-0.50%	–
SJM	Exit	SMUCKER J M CO	$0	–	-10,381	–	-0.56%	–
IYW	Exit	ISHARES TRu.s. tech etf	$0	–	-6,377	–	-0.57%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-30,076	–	-0.61%	–
MMM	Exit	3M CO	$0	–	-6,526	–	-0.64%	–
OPK	Exit	OPKO HEALTH INC	$0	–	-273,680	–	-0.64%	–
PPG	Exit	PPG INDS INC	$0	–	-12,844	–	-0.67%	–
CBLAQ	Exit	CBL & ASSOC PPTYS INC	$0	–	-293,935	–	-0.82%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-38,421	–	-0.88%	–
EOG	Exit	EOG RES INC	$0	–	-15,430	–	-0.96%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-23,925	–	-1.00%	–
DIS	Exit	DISNEY WALT CO	$0	–	-19,408	–	-1.02%	–
TPZ	Exit	TORTOISE PWR & ENERGY INFRAS	$0	–	-113,353	–	-1.07%	–
KTOS	Exit	KRATOS DEFENSE & SEC SOLUTIO	$0	–	-185,585	–	-1.07%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-102,641	–	-1.07%	–
RTN	Exit	RAYTHEON CO	$0	–	-13,723	–	-1.32%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-53,248	–	-1.47%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-22,088	–	-1.59%	–
INTC	Exit	INTEL CORP	$0	–	-75,178	–	-1.87%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-36,220	–	-1.89%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-54,775	–	-1.92%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-20,304	–	-1.99%	–
SIR	Exit	SELECT INCOME REIT	$0	–	-185,844	–	-2.09%	–
NNN	Exit	NATIONAL RETAIL PPTYS INC	$0	–	-95,324	–	-2.09%	–
AGN	Exit	ALLERGAN PLCsponsored adr	$0	–	-26,842	–	-2.24%	–
AERI	Exit	AERIE PHARMACEUTICALS INC	$0	–	-66,540	–	-2.25%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-45,856	–	-2.26%	–
TYG	Exit	TORTOISE ENERGY INFRSTRCTR C	$0	–	-193,512	–	-2.58%	–
AAPL	Exit	APPLE INC	$0	–	-31,703	–	-2.93%	–
HD	Exit	HOME DEPOT INC	$0	–	-46,977	–	-4.58%	–
PEP	Exit	PEPSICO INC	$0	–	-111,185	–	-6.05%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-132,438	–	-8.03%	–
UMH	Exit	U M H PROPERTIES INC	$0	–	-1,980,920	–	-15.19%	–
MNR	Exit	MONMOUTH REAL ESTATE INVT COcl a	$0	–	-2,443,486	–	-20.18%	–

Q2 2018

			Value		Shares		↓ Weighting
MNR	New	MONMOUTH REAL ESTATE INVT COcl a	$40,391,000	–	2,443,486	–	20.18%	–
UMH	New	U M H PROPERTIES INC	$30,407,000	–	1,980,920	–	15.19%	–
JNJ	New	JOHNSON & JOHNSON	$16,070,000	–	132,438	–	8.03%	–
PEP	New	PEPSICO INC	$12,105,000	–	111,185	–	6.05%	–
HD	New	HOME DEPOT INC	$9,165,000	–	46,977	–	4.58%	–
AAPL	New	APPLE INC	$5,868,000	–	31,703	–	2.93%	–
TYG	New	TORTOISE ENERGY INFRSTRCTR C	$5,165,000	–	193,512	–	2.58%	–
MSFT	New	MICROSOFT CORP	$4,522,000	–	45,856	–	2.26%	–
AERI	New	AERIE PHARMACEUTICALS INC	$4,495,000	–	66,540	–	2.25%	–
AGN	New	ALLERGAN PLCsponsored adr	$4,475,000	–	26,842	–	2.24%	–
NNN	New	NATIONAL RETAIL PPTYS INC	$4,190,000	–	95,324	–	2.09%	–
SIR	New	SELECT INCOME REIT	$4,176,000	–	185,844	–	2.09%	–
MA	New	MASTERCARD INCcl a	$3,990,000	–	20,304	–	1.99%	–
MPC	New	MARATHON PETE CORP	$3,843,000	–	54,775	–	1.92%	–
JPM	New	JPMORGAN CHASE & CO	$3,774,000	–	36,220	–	1.89%	–
INTC	New	INTEL CORP	$3,737,000	–	75,178	–	1.87%	–
HON	New	HONEYWELL INTL INC	$3,182,000	–	22,088	–	1.59%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$2,947,000	–	53,248	–	1.47%	–
RTN	New	RAYTHEON CO	$2,651,000	–	13,723	–	1.32%	–
MRO	New	MARATHON OIL CORP	$2,141,000	–	102,641	–	1.07%	–
TPZ	New	TORTOISE PWR & ENERGY INFRAS	$2,136,000	–	113,353	–	1.07%	–
KTOS	New	KRATOS DEFENSE & SEC SOLUTIO	$2,136,000	–	185,585	–	1.07%	–
DIS	New	DISNEY WALT CO	$2,034,000	–	19,408	–	1.02%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$2,002,000	–	23,925	–	1.00%	–
EOG	New	EOG RES INC	$1,920,000	–	15,430	–	0.96%	–
AEM	New	AGNICO EAGLE MINES LTD	$1,761,000	–	38,421	–	0.88%	–
CBLAQ	New	CBL & ASSOC PPTYS INC	$1,637,000	–	293,935	–	0.82%	–
PPG	New	PPG INDS INC	$1,332,000	–	12,844	–	0.67%	–
OPK	New	OPKO HEALTH INC	$1,286,000	–	273,680	–	0.64%	–
MMM	New	3M CO	$1,284,000	–	6,526	–	0.64%	–
CPB	New	CAMPBELL SOUP CO	$1,219,000	–	30,076	–	0.61%	–
IYW	New	ISHARES TRu.s. tech etf	$1,137,000	–	6,377	–	0.57%	–
SJM	New	SMUCKER J M CO	$1,116,000	–	10,381	–	0.56%	–
HSY	New	HERSHEY CO	$1,000,000	–	10,751	–	0.50%	–
MCD	New	MCDONALDS CORP	$963,000	–	6,145	–	0.48%	–
KIM	New	KIMCO RLTY CORP	$858,000	–	50,477	–	0.43%	–
GOOG	New	ALPHABET INCcap stk cl c	$837,000	–	750	–	0.42%	–
WTR	New	AQUA AMERICA INC	$760,000	–	21,600	–	0.38%	–
MRK	New	MERCK & CO INC	$759,000	–	12,505	–	0.38%	–
AMAT	New	APPLIED MATLS INC	$705,000	–	15,270	–	0.35%	–
SO	New	SOUTHERN CO	$693,000	–	14,960	–	0.35%	–
FB	New	FACEBOOK INCcl a	$604,000	–	3,110	–	0.30%	–
VLY	New	VALLEY NATL BANCORP	$484,000	–	39,800	–	0.24%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$479,000	–	2,565	–	0.24%	–
MDGL	New	MADRIGAL PHARMACEUTICALS INC	$359,000	–	1,285	–	0.18%	–
PAYX	New	PAYCHEX INC	$342,000	–	5,000	–	0.17%	–
REGN	New	REGENERON PHARMACEUTICALS	$328,000	–	950	–	0.16%	–
WFC	New	WELLS FARGO & CO NEW	$327,000	–	5,902	–	0.16%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$309,000	–	2,203	–	0.15%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$282,000	–	1	–	0.14%	–
GOOGL	New	ALPHABET INCcap stk cl a	$271,000	–	240	–	0.14%	–
ARCC	New	ARES CAP CORP	$261,000	–	15,886	–	0.13%	–
VZ	New	VERIZON COMMUNICATIONS INC	$261,000	–	5,194	–	0.13%	–
AMGN	New	AMGEN INC	$242,000	–	1,312	–	0.12%	–
AAL	New	AMERICAN AIRLS GROUP INC	$236,000	–	6,230	–	0.12%	–
BAC	New	BANK AMER CORP	$206,000	–	7,300	–	0.10%	–
NGD	New	NEW GOLD INC CDA	$144,000	–	69,339	–	0.07%	–
PEI	New	PENNSYLVANIA RL ESTATE INVTsh ben int	$132,000	–	12,000	–	0.07%	–

Q4 2017

			Value		Shares		↓ Weighting
NGD	Exit	NEW GOLD INC CDA	$0	–	-40,000	–	-0.08%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-4,715	–	-0.12%	–
AMGN	Exit	AMGEN INC	$0	–	-1,304	–	-0.14%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.15%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-2,181	–	-0.16%	–
ARCC	Exit	ARES CAP CORP	$0	–	-17,950	–	-0.16%	–
MMM	Exit	3M CO	$0	–	-1,630	–	-0.19%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-905	–	-0.22%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,255	–	-0.23%	–
PAYX	Exit	PAYCHEX INC	$0	–	-8,000	–	-0.27%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-14,005	–	-0.35%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-19,204	–	-0.35%	–
MCD	Exit	MCDONALDS CORP	$0	–	-4,123	–	-0.36%	–
SO	Exit	SOUTHERN CO	$0	–	-13,190	–	-0.36%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-719	–	-0.38%	–
MRK	Exit	MERCK & CO INC	$0	–	-11,212	–	-0.40%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-11,845	–	-0.42%	–
INTC	Exit	INTEL CORP	$0	–	-21,450	–	-0.45%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-62,429	–	-0.47%	–
KTOS	Exit	KRATOS DEFENSE & SEC SOLUTIO	$0	–	-65,835	–	-0.48%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-16,746	–	-0.51%	–
IYW	Exit	ISHARES TRu.s. tech etf	$0	–	-6,506	–	-0.54%	–
PPG	Exit	PPG INDS INC	$0	–	-9,121	–	-0.55%	–
EOG	Exit	EOG RES INC	$0	–	-12,875	–	-0.69%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-7,335	–	-0.70%	–
CBLAQ	Exit	CBL & ASSOC PPTYS INC	$0	–	-151,603	–	-0.71%	–
HSY	Exit	HERSHEY CO	$0	–	-11,730	–	-0.71%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-27,625	–	-0.72%	–
SJM	Exit	SMUCKER J M CO	$0	–	-12,520	–	-0.73%	–
OPK	Exit	OPKO HEALTH INC	$0	–	-191,830	–	-0.73%	–
TPZ	Exit	TORTOISE PWR & ENERGY INFRAS	$0	–	-96,810	–	-1.15%	–
RTN	Exit	RAYTHEON CO	$0	–	-11,550	–	-1.20%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-34,927	–	-1.45%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-19,264	–	-1.51%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-29,096	–	-1.54%	–
DIS	Exit	DISNEY WALT CO	$0	–	-28,275	–	-1.55%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-50,801	–	-1.58%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-22,842	–	-1.80%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-51,023	–	-1.81%	–
AERI	Exit	AERIE PHARMACEUTICALS INC	$0	–	-74,155	–	-2.00%	–
SIR	Exit	SELECT INCOME REIT	$0	–	-162,375	–	-2.12%	–
TYG	Exit	TORTOISE ENERGY INFRSTRCTR C	$0	–	-131,577	–	-2.12%	–
NNN	Exit	NATIONAL RETAIL PPTYS INC	$0	–	-99,183	–	-2.30%	–
AGN	Exit	ALLERGAN PLCsponsored adr	$0	–	-34,066	–	-3.88%	–
AAPL	Exit	APPLE INC	$0	–	-50,337	–	-4.31%	–
HD	Exit	HOME DEPOT INC	$0	–	-54,976	–	-5.00%	–
PEP	Exit	PEPSICO INC	$0	–	-105,043	–	-6.51%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-123,594	–	-8.94%	–
UMH	Exit	U M H PROPERTIES INC	$0	–	-1,783,778	–	-15.42%	–
MNR	Exit	MONMOUTH REAL ESTATE INVT COcl a	$0	–	-2,407,307	–	-21.45%	–

Q3 2017

			Value		Shares		↓ Weighting
MNR	Buy	MONMOUTH REAL ESTATE INVT COcl a	$38,573,000	+7.0%	2,407,307	+0.5%	21.45%	+5.3%
UMH	Buy	U M H PROPERTIES INC	$27,738,000	-7.7%	1,783,778	+1.2%	15.42%	-9.2%
JNJ	Buy	JOHNSON & JOHNSON	$16,068,000	-0.4%	123,594	+1.3%	8.94%	-2.0%
PEP	Buy	PEPSICO INC	$11,705,000	-2.0%	105,043	+1.6%	6.51%	-3.5%
HD	Sell	HOME DEPOT INC	$8,992,000	+2.3%	54,976	-4.0%	5.00%	+0.7%
AAPL	Sell	APPLE INC	$7,758,000	+5.7%	50,337	-1.3%	4.31%	+4.0%
AGN	Buy	ALLERGAN PLCsponsored adr	$6,982,000	-14.5%	34,066	+1.4%	3.88%	-15.9%
NNN	Buy	NATIONAL RETAIL PPTYS INC	$4,132,000	+7.8%	99,183	+1.2%	2.30%	+6.1%
TYG	Buy	TORTOISE ENERGY INFRSTRCTR C	$3,810,000	-1.8%	131,577	+3.1%	2.12%	-3.3%
SIR	Buy	SELECT INCOME REIT	$3,803,000	+1.3%	162,375	+3.9%	2.12%	-0.3%
AERI	Sell	AERIE PHARMACEUTICALS INC	$3,604,000	-13.8%	74,155	-6.8%	2.00%	-15.1%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$3,252,000	+25.9%	51,023	+10.1%	1.81%	+23.9%
HON	Buy	HONEYWELL INTL INC	$3,238,000	+6.5%	22,842	+0.1%	1.80%	+4.8%
MPC	Buy	MARATHON PETE CORP	$2,849,000	+12.6%	50,801	+5.1%	1.58%	+10.8%
DIS	Sell	DISNEY WALT CO	$2,787,000	-29.6%	28,275	-24.1%	1.55%	-30.7%
JPM	Buy	JPMORGAN CHASE & CO	$2,779,000	+8.6%	29,096	+3.9%	1.54%	+6.8%
MA	Buy	MASTERCARD INCcl a	$2,720,000	+17.3%	19,264	+0.9%	1.51%	+15.5%
MSFT	Buy	MICROSOFT CORP	$2,602,000	+18.3%	34,927	+9.5%	1.45%	+16.5%
RTN	Buy	RAYTHEON CO	$2,155,000	+53.2%	11,550	+32.5%	1.20%	+50.7%
TPZ	Buy	TORTOISE PWR & ENERGY INFRAS	$2,062,000	+9.0%	96,810	+7.4%	1.15%	+7.3%
OPK	Buy	OPKO HEALTH INC	$1,316,000	+30.7%	191,830	+25.4%	0.73%	+28.6%
SJM	Buy	SMUCKER J M CO	$1,314,000	+22.1%	12,520	+37.7%	0.73%	+20.2%
CPB	Buy	CAMPBELL SOUP CO	$1,293,000	+31.0%	27,625	+46.0%	0.72%	+28.9%
CBLAQ	Buy	CBL & ASSOC PPTYS INC	$1,272,000	+96.0%	151,603	+96.8%	0.71%	+92.6%
FB	Sell	FACEBOOK INCcl a	$1,253,000	+11.7%	7,335	-1.3%	0.70%	+9.9%
IYW	Sell	ISHARES TRu.s. tech etf	$975,000	+5.5%	6,506	-1.6%	0.54%	+3.8%
WFC	Sell	WELLS FARGO & CO NEW	$924,000	-18.0%	16,746	-17.7%	0.51%	-19.3%
KTOS	Buy	KRATOS DEFENSE & SEC SOLUTIO	$861,000	+392.0%	65,835	+347.1%	0.48%	+383.8%
MRO	Buy	MARATHON OIL CORP	$847,000	+22.0%	62,429	+6.5%	0.47%	+20.2%
INTC	Buy	INTEL CORP	$817,000	+101.2%	21,450	+78.5%	0.45%	+98.3%
OXY	Buy	OCCIDENTAL PETE CORP DEL	$761,000	+27.3%	11,845	+18.5%	0.42%	+25.1%
MRK	Buy	MERCK & CO INC	$718,000	+21.1%	11,212	+21.2%	0.40%	+19.1%
SO	Buy	SOUTHERN CO	$648,000	+6.9%	13,190	+4.2%	0.36%	+5.3%
MCD	Buy	MCDONALDS CORP	$646,000	+3.5%	4,123	+1.2%	0.36%	+1.7%
WTR	Buy	AQUA AMERICA INC	$637,000	+7.8%	19,204	+8.2%	0.35%	+6.0%
AEM	Buy	AGNICO EAGLE MINES LTD	$633,000	+16.1%	14,005	+16.0%	0.35%	+14.3%
REGN	Buy	REGENERON PHARMACEUTICALS	$405,000	-8.0%	905	+1.1%	0.22%	-9.6%
MMM	Buy	3M CO	$342,000	+3.0%	1,630	+2.2%	0.19%	+1.1%
ARCC	Buy	ARES CAP CORP	$294,000	+1.4%	17,950	+1.4%	0.16%	-0.6%
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$283,000	+4.4%	2,181	+0.3%	0.16%	+2.6%
AMGN	Buy	AMGEN INC	$243,000	+8.5%	1,304	+0.3%	0.14%	+6.3%
AAL	Sell	AMERICAN AIRLS GROUP INC	$224,000	-14.8%	4,715	-9.7%	0.12%	-16.1%
NGD	Buy	NEW GOLD INC CDA	$148,000	+131.2%	40,000	+100.0%	0.08%	+127.8%
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-294	–	-0.15%	–
SNH	Exit	SENIOR HSG PPTYS TRsh ben int	$0	–	-64,779	–	-0.75%	–

Q2 2017

			Value		Shares		↓ Weighting
MNR	New	MONMOUTH REAL ESTATE INVT COcl a	$36,063,000	–	2,396,252	–	20.37%	–
UMH	New	U M H PROPERTIES INC	$30,064,000	–	1,763,283	–	16.98%	–
JNJ	New	JOHNSON & JOHNSON	$16,136,000	–	121,972	–	9.12%	–
PEP	New	PEPSICO INC	$11,945,000	–	103,428	–	6.75%	–
HD	New	HOME DEPOT INC	$8,789,000	–	57,295	–	4.96%	–
AGN	New	ALLERGAN PLCsponsored adr	$8,169,000	–	33,605	–	4.62%	–
AAPL	New	APPLE INC	$7,343,000	–	50,983	–	4.15%	–
AERI	New	AERIE PHARMACEUTICALS INC	$4,179,000	–	79,525	–	2.36%	–
DIS	New	DISNEY WALT CO	$3,959,000	–	37,262	–	2.24%	–
TYG	New	TORTOISE ENERGY INFRSTRCTR C	$3,879,000	–	127,636	–	2.19%	–
NNN	New	NATIONAL RETAIL PPTYS INC	$3,834,000	–	98,044	–	2.17%	–
SIR	New	SELECT INCOME REIT	$3,755,000	–	156,275	–	2.12%	–
HON	New	HONEYWELL INTL INC	$3,040,000	–	22,810	–	1.72%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$2,582,000	–	46,338	–	1.46%	–
JPM	New	JPMORGAN CHASE & CO	$2,559,000	–	27,996	–	1.45%	–
MPC	New	MARATHON PETE CORP	$2,530,000	–	48,356	–	1.43%	–
MA	New	MASTERCARD INCcl a	$2,318,000	–	19,087	–	1.31%	–
MSFT	New	MICROSOFT CORP	$2,199,000	–	31,902	–	1.24%	–
TPZ	New	TORTOISE PWR & ENERGY INFRAS	$1,892,000	–	90,110	–	1.07%	–
RTN	New	RAYTHEON CO	$1,407,000	–	8,715	–	0.80%	–
SNH	New	SENIOR HSG PPTYS TRsh ben int	$1,324,000	–	64,779	–	0.75%	–
HSY	New	HERSHEY CO	$1,259,000	–	11,730	–	0.71%	–
EOG	New	EOG RES INC	$1,165,000	–	12,875	–	0.66%	–
WFC	New	WELLS FARGO & CO NEW	$1,127,000	–	20,346	–	0.64%	–
FB	New	FACEBOOK INCcl a	$1,122,000	–	7,430	–	0.63%	–
SJM	New	SMUCKER J M CO	$1,076,000	–	9,090	–	0.61%	–
OPK	New	OPKO HEALTH INC	$1,007,000	–	152,965	–	0.57%	–
PPG	New	PPG INDS INC	$1,003,000	–	9,121	–	0.57%	–
CPB	New	CAMPBELL SOUP CO	$987,000	–	18,925	–	0.56%	–
IYW	New	ISHARES TRu.s. tech etf	$924,000	–	6,610	–	0.52%	–
MRO	New	MARATHON OIL CORP	$694,000	–	58,594	–	0.39%	–
GOOG	New	ALPHABET INCcap stk cl c	$654,000	–	719	–	0.37%	–
CBLAQ	New	CBL & ASSOC PPTYS INC	$649,000	–	77,025	–	0.37%	–
MCD	New	MCDONALDS CORP	$624,000	–	4,073	–	0.35%	–
SO	New	SOUTHERN CO	$606,000	–	12,655	–	0.34%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$598,000	–	9,995	–	0.34%	–
MRK	New	MERCK & CO INC	$593,000	–	9,252	–	0.34%	–
WTR	New	AQUA AMERICA INC	$591,000	–	17,754	–	0.33%	–
AEM	New	AGNICO EAGLE MINES LTD	$545,000	–	12,070	–	0.31%	–
PAYX	New	PAYCHEX INC	$456,000	–	8,000	–	0.26%	–
REGN	New	REGENERON PHARMACEUTICALS	$440,000	–	895	–	0.25%	–
INTC	New	INTEL CORP	$406,000	–	12,020	–	0.23%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$382,000	–	2,255	–	0.22%	–
MMM	New	3M CO	$332,000	–	1,595	–	0.19%	–
ARCC	New	ARES CAP CORP	$290,000	–	17,700	–	0.16%	–
GOOGL	New	ALPHABET INCcap stk cl a	$273,000	–	294	–	0.15%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$271,000	–	2,174	–	0.15%	–
AAL	New	AMERICAN AIRLS GROUP INC	$263,000	–	5,222	–	0.15%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$255,000	–	1	–	0.14%	–
AMGN	New	AMGEN INC	$224,000	–	1,300	–	0.13%	–
KTOS	New	KRATOS DEFENSE & SEC SOLUTIO	$175,000	–	14,725	–	0.10%	–
NGD	New	NEW GOLD INC CDA	$64,000	–	20,000	–	0.04%	–

Q4 2016

			Value		Shares		↓ Weighting
ARCC	Exit	ARES CAP CORP	$0	–	-13,100	–	-0.13%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.14%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-294	–	-0.15%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-2,150	–	-0.15%	–
MRK	Exit	MERCK & CO INC	$0	–	-4,637	–	-0.18%	–
MMM	Exit	3M CO	$0	–	-1,685	–	-0.19%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,255	–	-0.21%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-6,695	–	-0.23%	–
RTN	Exit	RAYTHEON CO	$0	–	-2,755	–	-0.24%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-6,512	–	-0.30%	–
SO	Exit	SOUTHERN CO	$0	–	-10,615	–	-0.34%	–
HSIC	Exit	SCHEIN HENRY INC	$0	–	-3,505	–	-0.36%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-1,715	–	-0.44%	–
IYW	Exit	ISHARES TRu.s. tech etf	$0	–	-6,615	–	-0.50%	–
MCD	Exit	MCDONALDS CORP	$0	–	-6,818	–	-0.50%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-6,647	–	-0.54%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-17,780	–	-0.65%	–
SNH	Exit	SENIOR HSG PPTYS TRsh ben int	$0	–	-46,320	–	-0.67%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-68,754	–	-0.69%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-15,590	–	-0.78%	–
EOG	Exit	EOG RES INC	$0	–	-13,065	–	-0.80%	–
OPK	Exit	OPKO HEALTH INC	$0	–	-125,565	–	-0.84%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-38,345	–	-0.89%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-21,545	–	-0.91%	–
PPG	Exit	PPG INDS INC	$0	–	-14,348	–	-0.94%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-33,512	–	-0.94%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-30,499	–	-1.04%	–
HSY	Exit	HERSHEY CO	$0	–	-17,265	–	-1.05%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-22,285	–	-1.14%	–
NMBL	Exit	NIMBLE STORAGE INC	$0	–	-209,236	–	-1.17%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-18,855	–	-1.22%	–
TPZ	Exit	TORTOISE PWR & ENERGY INFRAS	$0	–	-86,776	–	-1.23%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-49,931	–	-1.28%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-23,638	–	-1.74%	–
SIR	Exit	SELECT INCOME REIT	$0	–	-110,575	–	-1.88%	–
AERI	Exit	AERIE PHARMACEUTICALS INC	$0	–	-85,445	–	-2.04%	–
TYG	Exit	TORTOISE ENERGY INFRSTRCTR C	$0	–	-125,194	–	-2.44%	–
DIS	Exit	DISNEY WALT CO	$0	–	-47,427	–	-2.79%	–
NNN	Exit	NATIONAL RETAIL PPTYS INC	$0	–	-111,779	–	-3.60%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-74,061	–	-3.71%	–
AAPL	Exit	APPLE INC	$0	–	-57,916	–	-4.15%	–
AGN	Exit	ALLERGAN PLCsponsored adr	$0	–	-29,159	–	-4.25%	–
HD	Exit	HOME DEPOT INC	$0	–	-64,546	–	-5.26%	–
PEP	Exit	PEPSICO INC	$0	–	-97,415	–	-6.71%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-109,290	–	-8.18%	–
UMH	Exit	U M H PROPERTIES INC	$0	–	-1,525,540	–	-11.52%	–
MNR	Exit	MONMOUTH REAL ESTATE INVT COcl a	$0	–	-2,313,690	–	-20.91%	–

Q3 2016

			Value		Shares		↓ Weighting
MNR	Buy	MONMOUTH REAL ESTATE INVT COcl a	$33,021,000	+11.0%	2,313,690	+3.1%	20.91%	+3.3%
UMH	Buy	U M H PROPERTIES INC	$18,184,000	+25.8%	1,525,540	+18.7%	11.52%	+17.1%
JNJ	Buy	JOHNSON & JOHNSON	$12,910,000	+1.6%	109,290	+4.3%	8.18%	-5.4%
PEP	Buy	PEPSICO INC	$10,596,000	+8.6%	97,415	+5.8%	6.71%	+1.1%
HD	Buy	HOME DEPOT INC	$8,306,000	+2.3%	64,546	+1.5%	5.26%	-4.8%
AGN	Buy	ALLERGAN PLCsponsored adr	$6,716,000	+8.4%	29,159	+8.8%	4.25%	+0.9%
AAPL	Sell	APPLE INC	$6,547,000	+15.1%	57,916	-2.7%	4.15%	+7.1%
GILD	Buy	GILEAD SCIENCES INC	$5,860,000	-4.2%	74,061	+1.0%	3.71%	-10.9%
NNN	Sell	NATIONAL RETAIL PPTYS INC	$5,684,000	-18.1%	111,779	-16.7%	3.60%	-23.7%
DIS	Buy	DISNEY WALT CO	$4,404,000	-4.3%	47,427	+0.8%	2.79%	-11.0%
TYG	Buy	TORTOISE ENERGY INFRSTRCTR C	$3,850,000	+13.0%	125,194	+13.1%	2.44%	+5.2%
AERI	Sell	AERIE PHARMACEUTICALS INC	$3,225,000	+99.7%	85,445	-6.9%	2.04%	+85.8%
SIR	Buy	SELECT INCOME REIT	$2,974,000	+22.0%	110,575	+17.9%	1.88%	+13.6%
HON	Buy	HONEYWELL INTL INC	$2,756,000	+2.4%	23,638	+2.2%	1.74%	-4.7%
MPC	Buy	MARATHON PETE CORP	$2,027,000	+10.2%	49,931	+3.0%	1.28%	+2.6%
TPZ	Buy	TORTOISE PWR & ENERGY INFRAS	$1,939,000	+15.3%	86,776	+0.9%	1.23%	+7.3%
MA	Buy	MASTERCARD INCcl a	$1,919,000	+17.2%	18,855	+1.3%	1.22%	+9.0%
NMBL	Buy	NIMBLE STORAGE INC	$1,848,000	+75.3%	209,236	+58.1%	1.17%	+63.2%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$1,797,000	-8.5%	22,285	-5.5%	1.14%	-14.8%
HSY	Sell	HERSHEY CO	$1,651,000	-48.3%	17,265	-38.7%	1.05%	-51.9%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$1,645,000	+18.4%	30,499	+61.5%	1.04%	+10.3%
WFC	Sell	WELLS FARGO & CO NEW	$1,484,000	-40.0%	33,512	-35.8%	0.94%	-44.1%
PPG	Sell	PPG INDS INC	$1,483,000	-4.3%	14,348	-3.5%	0.94%	-10.9%
JPM	Sell	JPMORGAN CHASE & CO	$1,435,000	-20.0%	21,545	-25.3%	0.91%	-25.5%
AAL	Buy	AMERICAN AIRLS GROUP INC	$1,404,000	+42.1%	38,345	+9.8%	0.89%	+32.3%
OPK	Buy	OPKO HEALTH INC	$1,330,000	+19.4%	125,565	+5.3%	0.84%	+11.1%
EOG	Buy	EOG RES INC	$1,264,000	+27.5%	13,065	+10.0%	0.80%	+18.7%
NVS	Sell	NOVARTIS A Gsponsored adr	$1,231,000	-45.1%	15,590	-42.7%	0.78%	-48.9%
MRO	Buy	MARATHON OIL CORP	$1,087,000	+28.2%	68,754	+21.7%	0.69%	+19.2%
SNH	Buy	SENIOR HSG PPTYS TRsh ben int	$1,052,000	+13.2%	46,320	+3.9%	0.67%	+5.4%
MSFT	Buy	MICROSOFT CORP	$1,024,000	+109.0%	17,780	+85.8%	0.65%	+94.6%
FB	Buy	FACEBOOK INCcl a	$853,000	+33.9%	6,647	+19.2%	0.54%	+24.7%
MCD	Sell	MCDONALDS CORP	$787,000	-5.1%	6,818	-1.0%	0.50%	-11.7%
REGN	Buy	REGENERON PHARMACEUTICALS	$689,000	+24.4%	1,715	+8.2%	0.44%	+15.6%
HSIC	Sell	SCHEIN HENRY INC	$571,000	-28.9%	3,505	-22.8%	0.36%	-33.7%
SO	Buy	SOUTHERN CO	$545,000	+16.7%	10,615	+21.8%	0.34%	+8.5%
OXY	Buy	OCCIDENTAL PETE CORP DEL	$475,000	+45.7%	6,512	+51.0%	0.30%	+35.6%
CPB	New	CAMPBELL SOUP CO	$366,000	–	6,695	–	0.23%	–
MMM	Sell	3M CO	$297,000	-2.3%	1,685	-2.9%	0.19%	-9.2%
MRK	New	MERCK & CO INC	$289,000	–	4,637	–	0.18%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$239,000	–	2,150	–	0.15%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-7,010	–	-0.26%	–

Q2 2016

			Value		Shares		↓ Weighting
MNR	New	MONMOUTH REAL ESTATE INVT COcl a	$29,753,000	–	2,243,831	–	20.24%	–
UMH	New	U M H PROPERTIES INC	$14,458,000	–	1,285,191	–	9.84%	–
JNJ	New	JOHNSON & JOHNSON	$12,705,000	–	104,743	–	8.64%	–
PEP	New	PEPSICO INC	$9,756,000	–	92,086	–	6.64%	–
HD	New	HOME DEPOT INC	$8,122,000	–	63,605	–	5.53%	–
NNN	New	NATIONAL RETAIL PPTYS INC	$6,937,000	–	134,119	–	4.72%	–
AGN	New	ALLERGAN PLCsponsored adr	$6,195,000	–	26,809	–	4.22%	–
GILD	New	GILEAD SCIENCES INC	$6,120,000	–	73,361	–	4.16%	–
AAPL	New	APPLE INC	$5,690,000	–	59,520	–	3.87%	–
DIS	New	DISNEY WALT CO	$4,603,000	–	47,060	–	3.13%	–
TYG	New	TORTOISE ENERGY INFRSTRCTR C	$3,406,000	–	110,646	–	2.32%	–
HSY	New	HERSHEY CO	$3,196,000	–	28,165	–	2.18%	–
HON	New	HONEYWELL INTL INC	$2,691,000	–	23,133	–	1.83%	–
WFC	New	WELLS FARGO & CO NEW	$2,472,000	–	52,221	–	1.68%	–
SIR	New	SELECT INCOME REIT	$2,437,000	–	93,785	–	1.66%	–
NVS	New	NOVARTIS A Gsponsored adr	$2,244,000	–	27,191	–	1.53%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$1,963,000	–	23,576	–	1.34%	–
MPC	New	MARATHON PETE CORP	$1,840,000	–	48,471	–	1.25%	–
JPM	New	JPMORGAN CHASE & CO	$1,793,000	–	28,850	–	1.22%	–
TPZ	New	TORTOISE PWR & ENERGY INFRAS	$1,681,000	–	85,971	–	1.14%	–
MA	New	MASTERCARD INCcl a	$1,638,000	–	18,604	–	1.12%	–
AERI	New	AERIE PHARMACEUTICALS INC	$1,615,000	–	91,770	–	1.10%	–
PPG	New	PPG INDS INC	$1,549,000	–	14,873	–	1.05%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$1,389,000	–	18,885	–	0.94%	–
OPK	New	OPKO HEALTH INC	$1,114,000	–	119,225	–	0.76%	–
NMBL	New	NIMBLE STORAGE INC	$1,054,000	–	132,361	–	0.72%	–
EOG	New	EOG RES INC	$991,000	–	11,880	–	0.67%	–
AAL	New	AMERICAN AIRLS GROUP INC	$988,000	–	34,908	–	0.67%	–
SNH	New	SENIOR HSG PPTYS TRsh ben int	$929,000	–	44,580	–	0.63%	–
MRO	New	MARATHON OIL CORP	$848,000	–	56,514	–	0.58%	–
MCD	New	MCDONALDS CORP	$829,000	–	6,888	–	0.56%	–
HSIC	New	SCHEIN HENRY INC	$803,000	–	4,540	–	0.55%	–
IYW	New	ISHARES TRu.s. tech etf	$696,000	–	6,615	–	0.47%	–
FB	New	FACEBOOK INCcl a	$637,000	–	5,575	–	0.43%	–
REGN	New	REGENERON PHARMACEUTICALS	$554,000	–	1,585	–	0.38%	–
MSFT	New	MICROSOFT CORP	$490,000	–	9,570	–	0.33%	–
SO	New	SOUTHERN CO	$467,000	–	8,715	–	0.32%	–
AEM	New	AGNICO EAGLE MINES LTD	$375,000	–	7,010	–	0.26%	–
RTN	New	RAYTHEON CO	$375,000	–	2,755	–	0.26%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$327,000	–	2,255	–	0.22%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$326,000	–	4,312	–	0.22%	–
MMM	New	3M CO	$304,000	–	1,735	–	0.21%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$217,000	–	1	–	0.15%	–
GOOGL	New	ALPHABET INCcap stk cl a	$207,000	–	294	–	0.14%	–
ARCC	New	ARES CAP CORP	$186,000	–	13,100	–	0.13%	–

Q4 2015

			Value		Shares		↓ Weighting
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.15%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-1,673	–	-0.15%	–
IYY	Exit	ISHARES TRdow jones us etf	$0	–	-2,225	–	-0.16%	–
BCR	Exit	BARD C R INC	$0	–	-1,165	–	-0.17%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-570	–	-0.20%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-3,283	–	-0.21%	–
MMM	Exit	3M CO	$0	–	-2,090	–	-0.23%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,355	–	-0.24%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-13,020	–	-0.25%	–
IHE	Exit	ISHARESu.s. pharma etf	$0	–	-2,677	–	-0.30%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-6,055	–	-0.42%	–
BMRN	Exit	BIOMARIN PHARMACEUTICAL INC	$0	–	-5,460	–	-0.44%	–
MRTX	Exit	MIRATI THERAPEUTICS INC	$0	–	-18,240	–	-0.48%	–
HSIC	Exit	SCHEIN HENRY INC	$0	–	-4,790	–	-0.49%	–
IYW	Exit	ISHARES TRu.s. tech etf	$0	–	-6,877	–	-0.52%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-58,008	–	-0.68%	–
OPK	Exit	OPKO HEALTH INC	$0	–	-106,285	–	-0.68%	–
EOG	Exit	EOG RES INC	$0	–	-12,635	–	-0.70%	–
SNH	Exit	SENIOR HSG PPTYS TRsh ben int	$0	–	-65,094	–	-0.81%	–
SIR	Exit	SELECT INCOME REIT	$0	–	-58,025	–	-0.84%	–
LSBG	Exit	LAKE SUNAPEE BK GROUP	$0	–	-94,004	–	-1.05%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-38,360	–	-1.14%	–
TPZ	Exit	TORTOISE PWR & ENERGY INFRAS	$0	–	-84,441	–	-1.21%	–
AERI	Exit	AERIE PHARMACEUTICALS INC	$0	–	-93,320	–	-1.27%	–
NMBL	Exit	NIMBLE STORAGE INC	$0	–	-70,565	–	-1.30%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-29,465	–	-1.37%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-21,859	–	-1.51%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-24,230	–	-1.54%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-22,124	–	-1.60%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-47,761	–	-1.69%	–
BIIB	Exit	BIOGEN INC	$0	–	-7,730	–	-1.73%	–
PPG	Exit	PPG INDS INC	$0	–	-33,990	–	-2.28%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-61,005	–	-2.40%	–
HSY	Exit	HERSHEY CO	$0	–	-37,545	–	-2.64%	–
TYG	Exit	TORTOISE ENERGY INFRSTRCTR C	$0	–	-137,277	–	-2.85%	–
DIS	Exit	DISNEY WALT CO	$0	–	-45,533	–	-3.56%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-61,322	–	-4.31%	–
AGN	Exit	ALLERGAN PLCsponsored adr	$0	–	-22,515	–	-4.68%	–
NNN	Exit	NATIONAL RETAIL PPTYS INC	$0	–	-175,565	–	-4.87%	–
AAPL	Exit	APPLE INC	$0	–	-62,768	–	-5.30%	–
HD	Exit	HOME DEPOT INC	$0	–	-61,870	–	-5.47%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-73,005	–	-5.48%	–
PEP	Exit	PEPSICO INC	$0	–	-79,405	–	-5.73%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-88,487	–	-6.32%	–
UMH	Exit	U M H PROPERTIES INC	$0	–	-955,564	–	-6.80%	–
MNR	Exit	MONMOUTH REAL ESTATE INVT COcl a	$0	–	-1,848,634	–	-13.79%	–

Q3 2015

			Value		Shares		↓ Weighting
MNR	Buy	MONMOUTH REAL ESTATE INVT COcl a	$18,024,000	+23.3%	1,848,634	+22.9%	13.79%	+31.4%
UMH	Buy	U M H PROPERTIES INC	$8,887,000	-1.3%	955,564	+4.0%	6.80%	+5.2%
JNJ	Sell	JOHNSON & JOHNSON	$8,260,000	-5.3%	88,487	-1.1%	6.32%	+0.9%
PEP	Buy	PEPSICO INC	$7,488,000	+5.5%	79,405	+4.5%	5.73%	+12.5%
GILD	Buy	GILEAD SCIENCES INC	$7,168,000	-13.4%	73,005	+3.3%	5.48%	-7.6%
HD	Buy	HOME DEPOT INC	$7,145,000	+40.4%	61,870	+35.1%	5.47%	+49.7%
AAPL	Sell	APPLE INC	$6,923,000	-40.9%	62,768	-32.8%	5.30%	-37.0%
NNN	Buy	NATIONAL RETAIL PPTYS INC	$6,368,000	+8.2%	175,565	+4.4%	4.87%	+15.3%
AGN	Buy	ALLERGAN PLCsponsored adr	$6,120,000	+7.1%	22,515	+19.5%	4.68%	+14.2%
NVS	Sell	NOVARTIS A Gsponsored adr	$5,637,000	-11.2%	61,322	-5.0%	4.31%	-5.3%
DIS	Buy	DISNEY WALT CO	$4,653,000	-8.3%	45,533	+2.5%	3.56%	-2.2%
TYG	Buy	TORTOISE ENERGY INFRSTRCTR C	$3,722,000	-24.7%	137,277	+2.5%	2.85%	-19.7%
HSY	Buy	HERSHEY CO	$3,450,000	+10.2%	37,545	+6.5%	2.64%	+17.4%
WFC	Sell	WELLS FARGO & CO NEW	$3,133,000	-9.5%	61,005	-0.9%	2.40%	-3.5%
PPG	Sell	PPG INDS INC	$2,981,000	-56.9%	33,990	-43.6%	2.28%	-54.1%
BIIB	Buy	BIOGEN INC	$2,256,000	-22.5%	7,730	+7.3%	1.73%	-17.3%
MPC	Sell	MARATHON PETE CORP	$2,213,000	-12.2%	47,761	-0.8%	1.69%	-6.4%
HON	Buy	HONEYWELL INTL INC	$2,095,000	-2.7%	22,124	+4.8%	1.60%	+3.8%
WBA	Buy	WALGREENS BOOTS ALLIANCE INC	$2,014,000	+20.1%	24,230	+22.0%	1.54%	+28.1%
MA	Sell	MASTERCARD INCcl a	$1,970,000	-17.6%	21,859	-14.6%	1.51%	-12.2%
JPM	Buy	JPMORGAN CHASE & CO	$1,796,000	+0.6%	29,465	+11.8%	1.37%	+7.3%
NMBL	Sell	NIMBLE STORAGE INC	$1,702,000	-14.6%	70,565	-0.7%	1.30%	-9.0%
AERI	Buy	AERIE PHARMACEUTICALS INC	$1,655,000	+5.8%	93,320	+5.3%	1.27%	+12.7%
TPZ	Buy	TORTOISE PWR & ENERGY INFRAS	$1,587,000	-5.2%	84,441	+18.3%	1.21%	+1.1%
AAL	Buy	AMERICAN AIRLS GROUP INC	$1,490,000	+28.3%	38,360	+32.0%	1.14%	+36.9%
LSBG	Sell	LAKE SUNAPEE BK GROUP	$1,367,000	+0.4%	94,004	-0.3%	1.05%	+7.1%
SIR	Buy	SELECT INCOME REIT	$1,103,000	+14.3%	58,025	+24.1%	0.84%	+22.0%
SNH	Buy	SENIOR HSG PPTYS TRsh ben int	$1,055,000	+6.6%	65,094	+15.4%	0.81%	+13.7%
EOG	Buy	EOG RES INC	$920,000	-16.4%	12,635	+0.6%	0.70%	-10.8%
OPK	Buy	OPKO HEALTH INC	$894,000	-30.6%	106,285	+32.6%	0.68%	-26.1%
MRO	Buy	MARATHON OIL CORP	$893,000	-28.2%	58,008	+23.8%	0.68%	-23.5%
IYW	Sell	ISHARES TRu.s. tech etf	$680,000	-13.2%	6,877	-8.0%	0.52%	-7.5%
HSIC	Buy	SCHEIN HENRY INC	$636,000	+39.8%	4,790	+49.5%	0.49%	+49.4%
MRTX	Buy	MIRATI THERAPEUTICS INC	$628,000	+14.6%	18,240	+4.7%	0.48%	+22.1%
BMRN	Buy	BIOMARIN PHARMACEUTICAL INC	$575,000	-7.0%	5,460	+20.8%	0.44%	-0.7%
FB	Buy	FACEBOOK INCcl a	$544,000	+45.8%	6,055	+39.2%	0.42%	+55.2%
IHE	Buy	ISHARESu.s. pharma etf	$396,000	+6.5%	2,677	+25.9%	0.30%	+13.5%
AEM	Buy	AGNICO EAGLE MINES LTD	$330,000	-0.6%	13,020	+11.3%	0.25%	+5.9%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$307,000	-41.5%	2,355	-38.9%	0.24%	-37.7%
MMM	Buy	3M CO	$296,000	+21.3%	2,090	+32.3%	0.23%	+29.1%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$276,000	-81.1%	3,283	-76.6%	0.21%	-79.8%
REGN	New	REGENERON PHARMACEUTICALS	$265,000	–	570	–	0.20%	–
BCR	New	BARD C R INC	$217,000	–	1,165	–	0.17%	–
IYY	Sell	ISHARES TRdow jones us etf	$215,000	-11.9%	2,225	-5.0%	0.16%	-6.3%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$197,000	-52.6%	1,673	-56.9%	0.15%	-49.3%

Q2 2015

			Value		Shares		↓ Weighting
MNR	New	MONMOUTH REAL ESTATE INVT COcl a	$14,623,000	–	1,504,422	–	10.49%	–
AAPL	New	APPLE INC	$11,723,000	–	93,465	–	8.41%	–
UMH	New	U M H PROPERTIES INC	$9,007,000	–	919,067	–	6.46%	–
JNJ	New	JOHNSON & JOHNSON	$8,724,000	–	89,515	–	6.26%	–
GILD	New	GILEAD SCIENCES INC	$8,274,000	–	70,673	–	5.94%	–
PEP	New	PEPSICO INC	$7,096,000	–	76,020	–	5.09%	–
PPG	New	PPG INDS INC	$6,918,000	–	60,305	–	4.96%	–
NVS	New	NOVARTIS A Gsponsored adr	$6,346,000	–	64,532	–	4.55%	–
NNN	New	NATIONAL RETAIL PPTYS INC	$5,888,000	–	168,172	–	4.22%	–
AGN	New	ALLERGAN PLCsponsored adr	$5,716,000	–	18,835	–	4.10%	–
HD	New	HOME DEPOT INC	$5,088,000	–	45,787	–	3.65%	–
DIS	New	DISNEY WALT CO	$5,072,000	–	44,438	–	3.64%	–
TYG	New	TORTOISE ENERGY INFRSTRCTR C	$4,943,000	–	133,930	–	3.55%	–
WFC	New	WELLS FARGO & CO NEW	$3,463,000	–	61,568	–	2.48%	–
HSY	New	HERSHEY CO	$3,131,000	–	35,250	–	2.25%	–
BIIB	New	BIOGEN INC	$2,910,000	–	7,205	–	2.09%	–
MPC	New	MARATHON PETE CORP	$2,520,000	–	48,166	–	1.81%	–
MA	New	MASTERCARD INCcl a	$2,392,000	–	25,592	–	1.72%	–
HON	New	HONEYWELL INTL INC	$2,153,000	–	21,110	–	1.54%	–
NMBL	New	NIMBLE STORAGE INC	$1,993,000	–	71,035	–	1.43%	–
JPM	New	JPMORGAN CHASE & CO	$1,785,000	–	26,345	–	1.28%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$1,677,000	–	19,855	–	1.20%	–
TPZ	New	TORTOISE PWR & ENERGY INFRAS	$1,674,000	–	71,381	–	1.20%	–
AERI	New	AERIE PHARMACEUTICALS INC	$1,565,000	–	88,660	–	1.12%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$1,459,000	–	14,011	–	1.05%	–
LSBG	New	LAKE SUNAPEE BK GROUP	$1,361,000	–	94,300	–	0.98%	–
OPK	New	OPKO HEALTH INC	$1,289,000	–	80,165	–	0.92%	–
MRO	New	MARATHON OIL CORP	$1,244,000	–	46,863	–	0.89%	–
AAL	New	AMERICAN AIRLS GROUP INC	$1,161,000	–	29,066	–	0.83%	–
EOG	New	EOG RES INC	$1,100,000	–	12,560	–	0.79%	–
SNH	New	SENIOR HSG PPTYS TRsh ben int	$990,000	–	56,427	–	0.71%	–
SIR	New	SELECT INCOME REIT	$965,000	–	46,775	–	0.69%	–
IYW	New	ISHARES TRu.s. tech etf	$783,000	–	7,478	–	0.56%	–
BMRN	New	BIOMARIN PHARMACEUTICAL INC	$618,000	–	4,520	–	0.44%	–
MRTX	New	MIRATI THERAPEUTICS INC	$548,000	–	17,415	–	0.39%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$525,000	–	3,855	–	0.38%	–
HSIC	New	SCHEIN HENRY INC	$455,000	–	3,205	–	0.33%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$416,000	–	3,885	–	0.30%	–
FB	New	FACEBOOK INCcl a	$373,000	–	4,350	–	0.27%	–
IHE	New	ISHARESu.s. pharma etf	$372,000	–	2,127	–	0.27%	–
AEM	New	AGNICO EAGLE MINES LTD	$332,000	–	11,700	–	0.24%	–
MMM	New	3M CO	$244,000	–	1,580	–	0.18%	–
IYY	New	ISHARES TRdow jones us etf	$244,000	–	2,343	–	0.18%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$205,000	–	1	–	0.15%	–

Q4 2014

			Value		Shares		↓ Weighting
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.17%	–
IHE	Exit	ISHARESu.s. pharma etf	$0	–	-1,817	–	-0.21%	–
IYY	Exit	ISHARES TRdow jones us etf	$0	–	-2,729	–	-0.22%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-4,575	–	-0.22%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-2,856	–	-0.25%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-3,257	–	-0.26%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,355	–	-0.26%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-3,213	–	-0.26%	–
OPK	Exit	OPKO HEALTH INC	$0	–	-42,120	–	-0.29%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-14,315	–	-0.34%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-5,779	–	-0.40%	–
WAG	Exit	WALGREEN CO	$0	–	-11,100	–	-0.54%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-13,385	–	-0.63%	–
IYW	Exit	ISHARES TRu.s. tech etf	$0	–	-7,879	–	-0.65%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-9,825	–	-0.69%	–
EOG	Exit	EOG RES INC	$0	–	-10,530	–	-0.85%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-32,153	–	-0.99%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-6,710	–	-1.00%	–
ACAD	Exit	ACADIA PHARMACEUTICALS INC	$0	–	-50,230	–	-1.02%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-4,125	–	-1.11%	–
NMBL	Exit	NIMBLE STORAGE INC	$0	–	-56,735	–	-1.20%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-17,478	–	-1.21%	–
TPZ	Exit	TORTOISE PWR & ENERGY INFRAS	$0	–	-63,275	–	-1.45%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-3,085	–	-1.48%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-20,039	–	-1.52%	–
NHTB	Exit	NEW HAMPSHIRE THRIFT BANCSHS	$0	–	-134,525	–	-1.71%	–
DIS	Exit	DISNEY WALT CO	$0	–	-24,508	–	-1.78%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-34,217	–	-2.06%	–
HSY	Exit	HERSHEY CO	$0	–	-27,580	–	-2.15%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-62,990	–	-2.66%	–
AGN	Exit	ALLERGAN INC	$0	–	-19,535	–	-2.84%	–
HD	Exit	HOME DEPOT INC	$0	–	-40,314	–	-3.18%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-53,553	–	-4.11%	–
NNN	Exit	NATIONAL RETAIL PPTYS INC	$0	–	-161,870	–	-4.56%	–
TYG	Exit	TORTOISE ENERGY INFRSTRCTR C	$0	–	-119,560	–	-4.69%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-54,090	–	-4.70%	–
PEP	Exit	PEPSICO INC	$0	–	-62,465	–	-4.74%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-48,744	–	-4.74%	–
PPG	Exit	PPG INDS INC	$0	–	-29,720	–	-4.77%	–
UMH	Exit	U M H PROPERTIES INC	$0	–	-769,029	–	-5.96%	–
AAPL	Exit	APPLE INC	$0	–	-99,556	–	-8.18%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-101,114	–	-8.79%	–
MNR	Exit	MONMOUTH REAL ESTATE INVT COcl a	$0	–	-1,349,081	–	-11.14%	–

Q3 2014

			Value		Shares		↓ Weighting
MNR	New	MONMOUTH REAL ESTATE INVT COcl a	$13,653,000	–	1,349,081	–	11.14%	–
JNJ	New	JOHNSON & JOHNSON	$10,778,000	–	101,114	–	8.79%	–
AAPL	New	APPLE INC	$10,030,000	–	99,556	–	8.18%	–
UMH	New	U M H PROPERTIES INC	$7,306,000	–	769,029	–	5.96%	–
PPG	New	PPG INDS INC	$5,847,000	–	29,720	–	4.77%	–
CVX	New	CHEVRON CORP NEW	$5,816,000	–	48,744	–	4.74%	–
PEP	New	PEPSICO INC	$5,815,000	–	62,465	–	4.74%	–
GILD	New	GILEAD SCIENCES INC	$5,758,000	–	54,090	–	4.70%	–
TYG	New	TORTOISE ENERGY INFRSTRCTR C	$5,751,000	–	119,560	–	4.69%	–
NNN	New	NATIONAL RETAIL PPTYS INC	$5,596,000	–	161,870	–	4.56%	–
NVS	New	NOVARTIS A Gsponsored adr	$5,041,000	–	53,553	–	4.11%	–
HD	New	HOME DEPOT INC	$3,898,000	–	40,314	–	3.18%	–
AGN	New	ALLERGAN INC	$3,481,000	–	19,535	–	2.84%	–
WFC	New	WELLS FARGO & CO NEW	$3,267,000	–	62,990	–	2.66%	–
HSY	New	HERSHEY CO	$2,632,000	–	27,580	–	2.15%	–
MA	New	MASTERCARD INCcl a	$2,529,000	–	34,217	–	2.06%	–
DIS	New	DISNEY WALT CO	$2,182,000	–	24,508	–	1.78%	–
NHTB	New	NEW HAMPSHIRE THRIFT BANCSHS	$2,096,000	–	134,525	–	1.71%	–
HON	New	HONEYWELL INTL INC	$1,866,000	–	20,039	–	1.52%	–
GOOGL	New	GOOGLE INCcl a	$1,815,000	–	3,085	–	1.48%	–
TPZ	New	TORTOISE PWR & ENERGY INFRAS	$1,777,000	–	63,275	–	1.45%	–
MPC	New	MARATHON PETE CORP	$1,480,000	–	17,478	–	1.21%	–
NMBL	New	NIMBLE STORAGE INC	$1,473,000	–	56,735	–	1.20%	–
BIIB	New	BIOGEN IDEC INC	$1,365,000	–	4,125	–	1.11%	–
ACAD	New	ACADIA PHARMACEUTICALS INC	$1,244,000	–	50,230	–	1.02%	–
LMT	New	LOCKHEED MARTIN CORP	$1,226,000	–	6,710	–	1.00%	–
MRO	New	MARATHON OIL CORP	$1,209,000	–	32,153	–	0.99%	–
EOG	New	EOG RES INC	$1,043,000	–	10,530	–	0.85%	–
PNC	New	PNC FINL SVCS GROUP INC	$841,000	–	9,825	–	0.69%	–
IYW	New	ISHARES TRu.s. tech etf	$794,000	–	7,879	–	0.65%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$777,000	–	13,385	–	0.63%	–
WAG	New	WALGREEN CO	$658,000	–	11,100	–	0.54%	–
PG	New	PROCTER & GAMBLE CO	$484,000	–	5,779	–	0.40%	–
AEM	New	AGNICO EAGLE MINES LTD	$416,000	–	14,315	–	0.34%	–
OPK	New	OPKO HEALTH INC	$358,000	–	42,120	–	0.29%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$325,000	–	3,213	–	0.26%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$325,000	–	2,355	–	0.26%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$313,000	–	3,257	–	0.26%	–
UTX	New	UNITED TECHNOLOGIES CORP	$302,000	–	2,856	–	0.25%	–
JPM	New	JPMORGAN CHASE & CO	$276,000	–	4,575	–	0.22%	–
IYY	New	ISHARES TRdow jones us etf	$271,000	–	2,729	–	0.22%	–
IHE	New	ISHARESu.s. pharma etf	$255,000	–	1,817	–	0.21%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$207,000	–	1	–	0.17%	–

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Export Boulegeris Investments, Inc.'s holdings