Arbor Wealth Management, LLC Activity Q4 2015-Q4 2021

Q4 2021

			Value		Shares		↓ Weighting
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$98,054,000	+10.2%	327,940	+0.6%	21.50%	+2.5%
GOOGL	Buy	ALPHABET INCcap stk cl a	$45,379,000	+13.1%	15,664	+4.4%	9.95%	+5.2%
CHTR	Buy	CHARTER COMMUNICATIONS INC Ncl a	$44,120,000	-8.3%	67,672	+2.3%	9.67%	-14.7%
KKR	Sell	KKR & CO INC	$40,179,000	+21.6%	539,316	-0.6%	8.81%	+13.1%
AMZN	Buy	AMAZON COM INC	$35,511,000	+5.9%	10,650	+4.3%	7.78%	-1.5%
DG	Buy	DOLLAR GEN CORP NEW	$16,928,000	+13.5%	71,782	+2.1%	3.71%	+5.6%
UNH	Sell	UNITEDHEALTH GROUP INC	$16,637,000	+26.0%	33,132	-2.0%	3.65%	+17.2%
AAPL	Buy	APPLE INC	$15,963,000	+32.7%	89,900	+5.7%	3.50%	+23.5%
FB	Buy	META PLATFORMS INCcl a	$13,701,000	+1.3%	40,735	+2.3%	3.00%	-5.7%
DIS	Buy	DISNEY WALT CO	$13,188,000	-7.1%	85,143	+1.4%	2.89%	-13.6%
SO	Buy	SOUTHERN CO	$12,527,000	+13.0%	182,665	+2.1%	2.75%	+5.1%
CMCSA	Buy	COMCAST CORP NEWcl a	$11,951,000	-9.8%	237,450	+0.2%	2.62%	-16.1%
DUK	Buy	DUKE ENERGY CORP NEW	$10,936,000	+8.8%	104,253	+1.3%	2.40%	+1.3%
BAM	Buy	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$10,462,000	+14.9%	173,274	+1.8%	2.29%	+6.9%
ANTM	Buy	ANTHEM INC	$9,627,000	+24.9%	20,769	+0.5%	2.11%	+16.2%
SBUX	Buy	STARBUCKS CORP	$7,804,000	+16.1%	66,717	+9.5%	1.71%	+8.1%
TWTR	Sell	TWITTER INC	$7,801,000	-41.5%	180,495	-18.3%	1.71%	-45.6%
MA	Buy	MASTERCARD INCORPORATEDcl a	$5,307,000	+22.8%	14,769	+18.8%	1.16%	+14.2%
MSFT	Sell	MICROSOFT CORP	$4,271,000	+18.9%	12,699	-0.4%	0.94%	+10.6%
MCD	Buy	MCDONALDS CORP	$4,121,000	+11.5%	15,371	+0.3%	0.90%	+3.8%
MINT	Sell	PIMCO ETF TRenhan shrt ma ac	$3,726,000	-9.5%	36,691	-9.2%	0.82%	-15.8%
TSLA	Buy	TESLA INC	$3,049,000	+37.7%	2,885	+1.1%	0.67%	+28.0%
GWRE	Buy	GUIDEWIRE SOFTWARE INC	$2,366,000	+11.7%	20,836	+16.9%	0.52%	+4.0%
NEE	Buy	NEXTERA ENERGY INC	$2,199,000	+27.6%	23,559	+7.3%	0.48%	+18.7%
WFCPRL	New	WELLS FARGO CO NEWperp pfd cnv a	$1,637,000	–	1,098	–	0.36%	–
ATVI	New	ACTIVISION BLIZZARD INC	$1,610,000	–	24,196	–	0.35%	–
AMCR	New	AMCOR PLCord	$1,532,000	–	127,556	–	0.34%	–
NVDA	Buy	NVIDIA CORPORATION	$1,148,000	+70.1%	3,902	+19.8%	0.25%	+58.5%
NYT	Sell	NEW YORK TIMES COcl a	$854,000	-6.3%	17,676	-4.4%	0.19%	-13.0%
PG	Buy	PROCTER AND GAMBLE CO	$734,000	+27.0%	4,490	+8.5%	0.16%	+18.4%
HD	Buy	HOME DEPOT INC	$685,000	+79.8%	1,650	+42.0%	0.15%	+66.7%
ONEW	Buy	ONEWATER MARINE INC	$546,000	+53.4%	8,951	+1.0%	0.12%	+42.9%
PFE	Sell	PFIZER INC	$488,000	+17.0%	8,258	-14.8%	0.11%	+9.2%
JPM	Buy	JPMORGAN CHASE & CO	$487,000	+13.5%	3,073	+17.3%	0.11%	+5.9%
TTWO	New	TAKE-TWO INTERACTIVE SOFTWAR	$451,000	–	2,538	–	0.10%	–
ED	New	CONSOLIDATED EDISON INC	$437,000	–	5,116	–	0.10%	–
GOOG	Sell	ALPHABET INCcap stk cl c	$417,000	-9.0%	144	-16.3%	0.09%	-15.7%
F	New	FORD MTR CO DEL	$387,000	–	18,615	–	0.08%	–
JNJ	Buy	JOHNSON & JOHNSON	$376,000	+8.7%	2,199	+2.7%	0.08%	0.0%
LOW	New	LOWES COS INC	$365,000	–	1,412	–	0.08%	–
WMT	Buy	WALMART INC	$346,000	+39.0%	2,393	+33.7%	0.08%	+28.8%
VZ	Sell	VERIZON COMMUNICATIONS INC	$334,000	-10.0%	6,438	-6.2%	0.07%	-16.1%
LMT	New	LOCKHEED MARTIN CORP	$316,000	–	889	–	0.07%	–
BAC	Buy	BK OF AMERICA CORP	$269,000	+7.6%	6,047	+2.6%	0.06%	0.0%
CSCO	New	CISCO SYS INC	$264,000	–	4,171	–	0.06%	–
IWM	New	ISHARES TRrussell 2000 etf	$258,000	–	1,161	–	0.06%	–
COST	New	COSTCO WHSL CORP NEW	$250,000	–	441	–	0.06%	–
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$252,000	+18.3%	531	+6.8%	0.06%	+10.0%
T	New	AT&T INC	$248,000	–	10,084	–	0.05%	–
GABC	Sell	GERMAN AMERN BANCORP INC	$234,000	-9.7%	6,000	-10.4%	0.05%	-16.4%
BMY	New	BRISTOL-MYERS SQUIBB CO	$230,000	–	3,694	–	0.05%	–
J	Sell	JACOBS ENGR GROUP INC	$208,000	-10.0%	1,491	-14.4%	0.05%	-14.8%
BX	New	BLACKSTONE INC	$207,000	–	1,598	–	0.04%	–
XOM	Sell	EXXON MOBIL CORP	$200,000	-9.5%	3,274	-12.7%	0.04%	-15.4%
IBM	New	INTERNATIONAL BUSINESS MACHS	$202,000	–	1,514	–	0.04%	–
UBX	Exit	UNITY BIOTECHNOLOGY INC	$0	–	-16,000	–	-0.01%	–
PPT	Exit	PUTNAM PREMIER INCOME TRsh ben int	$0	–	-13,365	–	-0.01%	–
ATUS	Exit	ALTICE USA INCcl a	$0	–	-446,898	–	-2.18%	–

Q3 2021

			Value		Shares		↓ Weighting
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$88,980,000	+5.9%	326,007	+7.8%	20.96%	+1.2%
CHTR	Buy	CHARTER COMMUNICATIONS INC Ncl a	$48,115,000	+7.4%	66,132	+6.5%	11.34%	+2.7%
GOOGL	Buy	ALPHABET INCcap stk cl a	$40,124,000	+30.3%	15,008	+19.0%	9.45%	+24.5%
AMZN	Buy	AMAZON COM INC	$33,540,000	+25.6%	10,210	+31.6%	7.90%	+20.0%
KKR	Buy	KKR & CO INC	$33,046,000	+8.9%	542,806	+6.0%	7.78%	+4.1%
DG	Buy	DOLLAR GEN CORP NEW	$14,911,000	+7.6%	70,289	+9.8%	3.51%	+2.9%
DIS	Buy	DISNEY WALT CO	$14,203,000	+8.3%	83,955	+12.5%	3.35%	+3.5%
FB	Buy	FACEBOOK INCcl a	$13,519,000	+3.9%	39,833	+6.5%	3.18%	-0.7%
TWTR	Buy	TWITTER INC	$13,343,000	-9.0%	220,954	+3.7%	3.14%	-13.0%
CMCSA	Buy	COMCAST CORP NEWcl a	$13,252,000	+5.2%	236,945	+7.3%	3.12%	+0.5%
UNH	Buy	UNITEDHEALTH GROUP INC	$13,206,000	+4.8%	33,798	+7.4%	3.11%	+0.2%
AAPL	Sell	APPLE INC	$12,030,000	-17.5%	85,021	-20.1%	2.83%	-21.1%
SO	Buy	SOUTHERN CO	$11,090,000	+6.3%	178,963	+3.8%	2.61%	+1.6%
DUK	Buy	DUKE ENERGY CORP NEW	$10,048,000	+4.9%	102,963	+6.1%	2.37%	+0.2%
ATUS	Buy	ALTICE USA INCcl a	$9,260,000	-26.8%	446,898	+20.6%	2.18%	-30.1%
BAM	Buy	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$9,105,000	+18.6%	170,153	+13.0%	2.14%	+13.4%
ANTM	Buy	ANTHEM INC	$7,707,000	+19.0%	20,673	+21.9%	1.82%	+13.8%
SBUX	Sell	STARBUCKS CORP	$6,719,000	-3.7%	60,908	-2.4%	1.58%	-8.0%
MA	Buy	MASTERCARD INCORPORATEDcl a	$4,322,000	+14.0%	12,432	+19.8%	1.02%	+9.0%
MINT	Sell	PIMCO ETF TRenhan shrt ma ac	$4,118,000	-13.8%	40,397	-13.8%	0.97%	-17.7%
MCD	Sell	MCDONALDS CORP	$3,695,000	+1.8%	15,324	-2.5%	0.87%	-2.8%
MSFT	Sell	MICROSOFT CORP	$3,593,000	+2.2%	12,746	-1.7%	0.85%	-2.3%
TSLA	New	TESLA INC	$2,214,000	–	2,855	–	0.52%	–
GWRE	Sell	GUIDEWIRE SOFTWARE INC	$2,118,000	+1.2%	17,820	-4.0%	0.50%	-3.3%
SYK	Buy	STRYKER CORPORATION	$1,883,000	+3.1%	7,142	+1.5%	0.44%	-1.3%
NEE	Sell	NEXTERA ENERGY INC	$1,724,000	+0.2%	21,957	-6.4%	0.41%	-4.2%
NYT	Sell	NEW YORK TIMES COcl a	$911,000	+4.0%	18,482	-8.2%	0.22%	-0.5%
NVDA	Buy	NVIDIA CORPORATION	$675,000	+25.0%	3,256	+382.4%	0.16%	+19.5%
PEP	Sell	PEPSICO INC	$654,000	+1.4%	4,345	-0.2%	0.15%	-3.1%
PG	Buy	PROCTER AND GAMBLE CO	$578,000	+4.7%	4,137	+1.1%	0.14%	0.0%
GOOG	Buy	ALPHABET INCcap stk cl c	$458,000	+102.7%	172	+91.1%	0.11%	+92.9%
TGT	Buy	TARGET CORP	$431,000	+17.1%	1,882	+23.7%	0.10%	+12.1%
JPM	Buy	JPMORGAN CHASE & CO	$429,000	+98.6%	2,620	+88.8%	0.10%	+90.6%
PFE	Buy	PFIZER INC	$417,000	+11.8%	9,693	+1.9%	0.10%	+6.5%
HD	Buy	HOME DEPOT INC	$381,000	+18.7%	1,162	+15.5%	0.09%	+13.9%
VZ	Sell	VERIZON COMMUNICATIONS INC	$371,000	-5.6%	6,863	-2.2%	0.09%	-10.3%
ABBV	Buy	ABBVIE INC	$358,000	+31.1%	3,319	+37.2%	0.08%	+25.4%
JNJ	Buy	JOHNSON & JOHNSON	$346,000	+2.4%	2,142	+4.4%	0.08%	-1.2%
GABC	Sell	GERMAN AMERN BANCORP INC	$259,000	-3.4%	6,700	-6.9%	0.06%	-7.6%
WMT	Sell	WALMART INC	$249,000	-21.9%	1,790	-20.9%	0.06%	-25.3%
BAC	Sell	BK OF AMERICA CORP	$250,000	0.0%	5,895	-2.6%	0.06%	-4.8%
J	Sell	JACOBS ENGR GROUP INC	$231,000	-22.7%	1,741	-22.3%	0.05%	-27.0%
XOM	Sell	EXXON MOBIL CORP	$221,000	-11.2%	3,751	-4.9%	0.05%	-14.8%
KMB	New	KIMBERLY-CLARK CORP	$216,000	–	1,632	–	0.05%	–
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$213,000	0.0%	497	+0.2%	0.05%	-5.7%
PPT	New	PUTNAM PREMIER INCOME TRsh ben int	$61,000	–	13,365	–	0.01%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-913	–	-0.05%	–
FDX	Exit	FEDEX CORP	$0	–	-735	–	-0.05%	–
BA	Exit	BOEING CO	$0	–	-1,237	–	-0.07%	–
D	Exit	DOMINION ENERGY INC	$0	–	-12,026	–	-0.22%	–
ENB	Exit	ENBRIDGE INC	$0	–	-253,400	–	-2.50%	–

Q2 2021

			Value		Shares		↓ Weighting
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$84,028,000	–	302,346	–	20.71%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$44,791,000	–	62,085	–	11.04%	–
GOOGL	New	ALPHABET INCcap stk cl a	$30,789,000	–	12,609	–	7.59%	–
KKR	New	KKR & CO INC	$30,345,000	–	512,238	–	7.48%	–
AMZN	New	AMAZON COM INC	$26,699,000	–	7,761	–	6.58%	–
TWTR	New	TWITTER INC	$14,657,000	–	213,004	–	3.61%	–
AAPL	New	APPLE INC	$14,580,000	–	106,453	–	3.59%	–
DG	New	DOLLAR GEN CORP NEW	$13,854,000	–	64,023	–	3.42%	–
DIS	New	DISNEY WALT CO	$13,114,000	–	74,609	–	3.23%	–
FB	New	FACEBOOK INCcl a	$13,006,000	–	37,404	–	3.21%	–
ATUS	New	ALTICE USA INCcl a	$12,656,000	–	370,708	–	3.12%	–
UNH	New	UNITEDHEALTH GROUP INC	$12,598,000	–	31,461	–	3.11%	–
CMCSA	New	COMCAST CORP NEWcl a	$12,597,000	–	220,918	–	3.10%	–
SO	New	SOUTHERN CO	$10,429,000	–	172,359	–	2.57%	–
ENB	New	ENBRIDGE INC	$10,146,000	–	253,400	–	2.50%	–
DUK	New	DUKE ENERGY CORP NEW	$9,583,000	–	97,076	–	2.36%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$7,675,000	–	150,558	–	1.89%	–
SBUX	New	STARBUCKS CORP	$6,976,000	–	62,393	–	1.72%	–
ANTM	New	ANTHEM INC	$6,474,000	–	16,958	–	1.60%	–
MINT	New	PIMCO ETF TRenhan shrt ma ac	$4,777,000	–	46,850	–	1.18%	–
MA	New	MASTERCARD INCORPORATEDcl a	$3,790,000	–	10,380	–	0.93%	–
MCD	New	MCDONALDS CORP	$3,631,000	–	15,721	–	0.90%	–
MSFT	New	MICROSOFT CORP	$3,514,000	–	12,973	–	0.87%	–
GWRE	New	GUIDEWIRE SOFTWARE INC	$2,093,000	–	18,566	–	0.52%	–
SYK	New	STRYKER CORPORATION	$1,827,000	–	7,034	–	0.45%	–
NEE	New	NEXTERA ENERGY INC	$1,720,000	–	23,466	–	0.42%	–
D	New	DOMINION ENERGY INC	$885,000	–	12,026	–	0.22%	–
NYT	New	NEW YORK TIMES COcl a	$876,000	–	20,122	–	0.22%	–
PEP	New	PEPSICO INC	$645,000	–	4,353	–	0.16%	–
PG	New	PROCTER AND GAMBLE CO	$552,000	–	4,091	–	0.14%	–
NVDA	New	NVIDIA CORPORATION	$540,000	–	675	–	0.13%	–
VZ	New	VERIZON COMMUNICATIONS INC	$393,000	–	7,015	–	0.10%	–
PFE	New	PFIZER INC	$373,000	–	9,514	–	0.09%	–
ONEW	New	ONEWATER MARINE INC	$372,000	–	8,859	–	0.09%	–
TGT	New	TARGET CORP	$368,000	–	1,521	–	0.09%	–
JNJ	New	JOHNSON & JOHNSON	$338,000	–	2,051	–	0.08%	–
HD	New	HOME DEPOT INC	$321,000	–	1,006	–	0.08%	–
WMT	New	WALMART INC	$319,000	–	2,263	–	0.08%	–
J	New	JACOBS ENGR GROUP INC	$299,000	–	2,241	–	0.07%	–
BA	New	BOEING CO	$296,000	–	1,237	–	0.07%	–
DFAC	New	DIMENSIONAL ETF TRUSTus core equity 2	$276,000	–	10,241	–	0.07%	–
ABBV	New	ABBVIE INC	$273,000	–	2,419	–	0.07%	–
GABC	New	GERMAN AMERN BANCORP INC	$268,000	–	7,200	–	0.07%	–
NSC	New	NORFOLK SOUTHN CORP	$263,000	–	993	–	0.06%	–
BAC	New	BK OF AMERICA CORP	$250,000	–	6,052	–	0.06%	–
XOM	New	EXXON MOBIL CORP	$249,000	–	3,945	–	0.06%	–
GOOG	New	ALPHABET INCcap stk cl c	$226,000	–	90	–	0.06%	–
FDX	New	FEDEX CORP	$219,000	–	735	–	0.05%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$213,000	–	496	–	0.05%	–
JPM	New	JPMORGAN CHASE & CO	$216,000	–	1,388	–	0.05%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$203,000	–	913	–	0.05%	–
UBX	New	UNITY BIOTECHNOLOGY INC	$74,000	–	16,000	–	0.02%	–

Q4 2020

			Value		Shares		↓ Weighting
LYG	Exit	LLOYDS BANKING GROUP PLCsponsored adr	$0	–	-10,000	–	-0.01%	–
UBX	Exit	UNITY BIOTECHNOLOGY INC	$0	–	-20,766	–	-0.03%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-993	–	-0.08%	–
BA	Exit	BOEING CO	$0	–	-1,355	–	-0.09%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-586	–	-0.09%	–
T	Exit	AT&T INC	$0	–	-8,063	–	-0.09%	–
TGT	Exit	TARGET CORP	$0	–	-1,571	–	-0.10%	–
J	Exit	JACOBS ENGR GROUP INC	$0	–	-3,912	–	-0.14%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-6,274	–	-0.15%	–
FDX	Exit	FEDEX CORP	$0	–	-1,609	–	-0.16%	–
GABC	Exit	GERMAN AMERN BANCORP INC	$0	–	-15,000	–	-0.16%	–
PFE	Exit	PFIZER INC	$0	–	-12,850	–	-0.19%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-3,483	–	-0.19%	–
PEP	Exit	PEPSICO INC	$0	–	-4,145	–	-0.23%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-7,009	–	-0.58%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-5,459	–	-0.60%	–
D	Exit	DOMINION ENERGY INC	$0	–	-23,352	–	-0.73%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-10,775	–	-0.90%	–
MCD	Exit	MCDONALDS CORP	$0	–	-15,208	–	-1.33%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-10,426	–	-1.40%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-63,281	–	-1.45%	–
PPT	Exit	PUTNAM PREMIER INCOME TRsh ben int	$0	–	-1,054,314	–	-1.86%	–
ANTM	Exit	ANTHEM INC	$0	–	-18,022	–	-1.92%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-151,140	–	-1.98%	–
ATUS	Exit	ALTICE USA INCcl a	$0	–	-211,285	–	-2.18%	–
SRC	Exit	SPIRIT RLTY CAP INC NEW	$0	–	-181,690	–	-2.44%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-79,060	–	-2.70%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-58,533	–	-2.90%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-84,351	–	-2.97%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-30,132	–	-3.13%	–
DIS	Exit	DISNEY WALT CO	$0	–	-65,085	–	-3.21%	–
SO	Exit	SOUTHERN CO	$0	–	-151,503	–	-3.26%	–
TWTR	Exit	TWITTER INC	$0	–	-184,996	–	-3.27%	–
ENB	Exit	ENBRIDGE INC	$0	–	-289,483	–	-3.36%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-225,788	–	-4.15%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-34,791	–	-4.31%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,857	–	-4.82%	–
AAPL	Exit	APPLE INC	$0	–	-120,923	–	-5.56%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-10,152	–	-5.91%	–
KKR	Exit	KKR & CO INC	$0	–	-457,596	–	-6.24%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-28,817	–	-7.14%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-212,745	–	-17.99%	–

Q3 2020

			Value		Shares		↓ Weighting
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$45,302,000	+23.5%	212,745	+3.5%	17.99%	+5.0%
CHTR	Sell	CHARTER COMMUNICATIONS INC Ncl a	$17,992,000	+21.0%	28,817	-1.2%	7.14%	+2.9%
KKR	Buy	KKR & CO INC	$15,714,000	+18.3%	457,596	+6.4%	6.24%	+0.6%
GOOGL	Buy	ALPHABET INCcap stk cl a	$14,879,000	+16.9%	10,152	+13.1%	5.91%	-0.6%
AAPL	Buy	APPLE INC	$14,004,000	+26.5%	120,923	+298.4%	5.56%	+7.6%
AMZN	Buy	AMAZON COM INC	$12,145,000	+27.0%	3,857	+11.3%	4.82%	+8.0%
UNH	Sell	UNITEDHEALTH GROUP INC	$10,847,000	+3.6%	34,791	-2.0%	4.31%	-11.9%
CMCSA	Sell	COMCAST CORP NEWcl a	$10,445,000	+17.5%	225,788	-1.0%	4.15%	-0.0%
ENB	Buy	ENBRIDGE INC	$8,453,000	-1.6%	289,483	+2.5%	3.36%	-16.3%
TWTR	Buy	TWITTER INC	$8,232,000	+70.8%	184,996	+14.4%	3.27%	+45.3%
SO	Buy	SOUTHERN CO	$8,214,000	+21.3%	151,503	+16.0%	3.26%	+3.2%
DIS	Sell	DISNEY WALT CO	$8,076,000	+9.8%	65,085	-1.3%	3.21%	-6.6%
FB	Sell	FACEBOOK INCcl a	$7,892,000	+13.5%	30,132	-1.6%	3.13%	-3.5%
DUK	Buy	DUKE ENERGY CORP NEW	$7,470,000	+74.9%	84,351	+57.8%	2.97%	+48.7%
HCA	Buy	HCA HEALTHCARE INC	$7,298,000	+72.3%	58,533	+34.1%	2.90%	+46.6%
SBUX	Buy	STARBUCKS CORP	$6,793,000	+41.8%	79,060	+21.5%	2.70%	+20.7%
SRC	Sell	SPIRIT RLTY CAP INC NEW	$6,132,000	-3.8%	181,690	-0.7%	2.44%	-18.2%
ATUS	Buy	ALTICE USA INCcl a	$5,493,000	+17.0%	211,285	+1.5%	2.18%	-0.5%
BAM	Buy	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$4,997,000	+6.2%	151,140	+5.7%	1.98%	-9.6%
ANTM	Buy	ANTHEM INC	$4,840,000	+13.9%	18,022	+11.5%	1.92%	-3.1%
PPT	Sell	PUTNAM PREMIER INCOME TRsh ben int	$4,692,000	-7.4%	1,054,314	-1.4%	1.86%	-21.3%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP	$3,641,000	-8.8%	63,281	-2.3%	1.45%	-22.4%
MA	Sell	MASTERCARD INCORPORATEDcl a	$3,526,000	+14.2%	10,426	-0.2%	1.40%	-2.9%
MCD	Sell	MCDONALDS CORP	$3,338,000	+14.6%	15,208	-3.7%	1.33%	-2.5%
MSFT	Buy	MICROSOFT CORP	$2,266,000	+6.8%	10,775	+3.4%	0.90%	-9.2%
D	Buy	DOMINION ENERGY INC	$1,843,000	-1.3%	23,352	+1.5%	0.73%	-16.1%
NEE	Sell	NEXTERA ENERGY INC	$1,515,000	+14.9%	5,459	-0.6%	0.60%	-2.3%
SYK	Sell	STRYKER CORPORATION	$1,460,000	+14.2%	7,009	-1.2%	0.58%	-2.8%
PEP	Buy	PEPSICO INC	$575,000	+12.3%	4,145	+7.0%	0.23%	-4.6%
PG	Sell	PROCTER AND GAMBLE CO	$484,000	+16.1%	3,483	-0.0%	0.19%	-1.5%
PFE	Sell	PFIZER INC	$472,000	+0.6%	12,850	-10.3%	0.19%	-14.6%
FDX	Sell	FEDEX CORP	$405,000	+59.4%	1,609	-11.2%	0.16%	+35.3%
VZ	Buy	VERIZON COMMUNICATIONS INC	$373,000	+33.7%	6,274	+24.1%	0.15%	+13.8%
J	Sell	JACOBS ENGR GROUP INC	$363,000	+1.7%	3,912	-7.1%	0.14%	-13.8%
TGT	New	TARGET CORP	$247,000	–	1,571	–	0.10%	–
T	Sell	AT&T INC	$230,000	-13.2%	8,063	-8.0%	0.09%	-26.6%
LMT	New	LOCKHEED MARTIN CORP	$225,000	–	586	–	0.09%	–
BA	Sell	BOEING CO	$224,000	-17.3%	1,355	-8.3%	0.09%	-29.9%
NSC	New	NORFOLK SOUTHN CORP	$212,000	–	993	–	0.08%	–
UBX	New	UNITY BIOTECHNOLOGY INC	$72,000	–	20,766	–	0.03%	–
CTVA	Exit	CORTEVA INC	$0	–	-143,644	–	-1.80%	–

Q2 2020

			Value		Shares		↓ Weighting
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$36,690,000	–	205,537	–	17.13%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$14,873,000	–	29,160	–	6.94%	–
KKR	New	KKR & CO INC	$13,284,000	–	430,190	–	6.20%	–
GOOGL	New	ALPHABET INCcap stk cl a	$12,726,000	–	8,974	–	5.94%	–
AAPL	New	APPLE INC	$11,073,000	–	30,353	–	5.17%	–
UNH	New	UNITEDHEALTH GROUP INC	$10,474,000	–	35,511	–	4.89%	–
AMZN	New	AMAZON COM INC	$9,562,000	–	3,466	–	4.46%	–
CMCSA	New	COMCAST CORP NEWcl a	$8,886,000	–	227,961	–	4.15%	–
ENB	New	ENBRIDGE INC	$8,593,000	–	282,489	–	4.01%	–
DIS	New	DISNEY WALT CO	$7,353,000	–	65,944	–	3.43%	–
FB	New	FACEBOOK INCcl a	$6,952,000	–	30,614	–	3.25%	–
SO	New	SOUTHERN CO	$6,772,000	–	130,609	–	3.16%	–
SRC	New	SPIRIT RLTY CAP INC NEW	$6,375,000	–	182,880	–	2.98%	–
PPT	New	PUTNAM PREMIER INCOME TRsh ben int	$5,067,000	–	1,068,882	–	2.37%	–
TWTR	New	TWITTER INC	$4,819,000	–	161,759	–	2.25%	–
SBUX	New	STARBUCKS CORP	$4,789,000	–	65,075	–	2.24%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$4,705,000	–	143,012	–	2.20%	–
ATUS	New	ALTICE USA INCcl a	$4,693,000	–	208,202	–	2.19%	–
DUK	New	DUKE ENERGY CORP NEW	$4,272,000	–	53,468	–	2.00%	–
ANTM	New	ANTHEM INC	$4,250,000	–	16,161	–	1.98%	–
HCA	New	HCA HEALTHCARE INC	$4,235,000	–	43,635	–	1.98%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$3,992,000	–	64,786	–	1.86%	–
CTVA	New	CORTEVA INC	$3,848,000	–	143,644	–	1.80%	–
MA	New	MASTERCARD INCORPORATEDcl a	$3,088,000	–	10,442	–	1.44%	–
MCD	New	MCDONALDS CORP	$2,913,000	–	15,789	–	1.36%	–
MSFT	New	MICROSOFT CORP	$2,122,000	–	10,425	–	0.99%	–
D	New	DOMINION ENERGY INC	$1,868,000	–	23,005	–	0.87%	–
NEE	New	NEXTERA ENERGY INC	$1,319,000	–	5,493	–	0.62%	–
SYK	New	STRYKER CORPORATION	$1,278,000	–	7,094	–	0.60%	–
PEP	New	PEPSICO INC	$512,000	–	3,874	–	0.24%	–
PFE	New	PFIZER INC	$469,000	–	14,328	–	0.22%	–
GABC	New	GERMAN AMERN BANCORP INC	$467,000	–	15,000	–	0.22%	–
PG	New	PROCTER AND GAMBLE CO	$417,000	–	3,484	–	0.20%	–
J	New	JACOBS ENGR GROUP INC	$357,000	–	4,211	–	0.17%	–
VZ	New	VERIZON COMMUNICATIONS INC	$279,000	–	5,054	–	0.13%	–
BA	New	BOEING CO	$271,000	–	1,477	–	0.13%	–
T	New	AT&T INC	$265,000	–	8,760	–	0.12%	–
FDX	New	FEDEX CORP	$254,000	–	1,812	–	0.12%	–
LYG	New	LLOYDS BANKING GROUP PLCsponsored adr	$15,000	–	10,000	–	0.01%	–

Q4 2019

			Value		Shares		↓ Weighting
SCHV	Exit	SCHWAB STRATEGIC TRus lcap va etf	$0	–	-3,702	–	-0.11%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-4,297	–	-0.13%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,134	–	-0.15%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-3,155	–	-0.20%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-1,574	–	-0.22%	–
RYT	Exit	INVESCO EXCHANGE TRADED FD Ts&p500 eql tec	$0	–	-2,831	–	-0.26%	–
GABC	Exit	GERMAN AMERN BANCORP INC	$0	–	-16,067	–	-0.26%	–
PEP	Exit	PEPSICO INC	$0	–	-4,079	–	-0.29%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-5,036	–	-0.30%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-3,093	–	-0.37%	–
CTVA	Exit	CORTEVA INC	$0	–	-25,982	–	-0.37%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-25,432	–	-0.37%	–
BX	Exit	BLACKSTONE GROUP INC	$0	–	-19,913	–	-0.50%	–
DOW	Exit	DOW INC	$0	–	-24,849	–	-0.61%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-30,553	–	-0.64%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-11,098	–	-0.74%	–
KTB	Exit	KONTOOR BRANDS INC	$0	–	-45,309	–	-0.82%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-11,443	–	-0.82%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-24,620	–	-0.90%	–
MSGS	Exit	MADISON SQUARE GARDEN CO NEWcl a	$0	–	-7,302	–	-0.99%	–
D	Exit	DOMINION ENERGY INC	$0	–	-25,306	–	-1.06%	–
NLY	Exit	ANNALY CAP MGMT INC	$0	–	-283,635	–	-1.28%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-15,973	–	-1.78%	–
TAP	Exit	MOLSON COORS BREWING COcl b	$0	–	-62,102	–	-1.84%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-47,138	–	-1.84%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-1,878	–	-1.90%	–
SAVE	Exit	SPIRIT AIRLS INC	$0	–	-106,098	–	-1.98%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-21,953	–	-2.01%	–
AER	Exit	AERCAP HOLDINGS NV	$0	–	-71,632	–	-2.02%	–
AAPL	Exit	APPLE INC	$0	–	-19,145	–	-2.20%	–
LENB	Exit	LENNAR CORPcl b	$0	–	-99,951	–	-2.28%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-41,376	–	-2.55%	–
T	Exit	AT&T INC	$0	–	-131,947	–	-2.57%	–
FCAU	Exit	FIAT CHRYSLER AUTOMOBILES N	$0	–	-391,521	–	-2.61%	–
SO	Exit	SOUTHERN CO	$0	–	-95,335	–	-3.03%	–
PPT	Exit	PUTNAM PREMIER INCOME TRsh ben int	$0	–	-1,128,336	–	-3.05%	–
SCHW	Exit	THE CHARLES SCHWAB CORPORATI	$0	–	-157,991	–	-3.40%	–
WMT	Exit	WALMART INC	$0	–	-58,916	–	-3.60%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-162,410	–	-3.76%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-157,512	–	-4.09%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-52,367	–	-4.28%	–
SRC	Exit	SPIRIT RLTY CAP INC NEW	$0	–	-174,033	–	-4.28%	–
KKR	Exit	KKR & CO INCcl a	$0	–	-313,180	–	-4.32%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-7,550	–	-4.74%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-67,755	–	-4.76%	–
ENB	Exit	ENBRIDGE INC	$0	–	-284,039	–	-5.12%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-26,814	–	-5.68%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-83,193	–	-8.90%	–

Q3 2019

			Value		Shares		↓ Weighting
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$17,306,000	+20.4%	83,193	+23.4%	8.90%	+14.7%
CHTR	Buy	CHARTER COMMUNICATIONS INC Ncl a	$11,051,000	+16.9%	26,814	+12.1%	5.68%	+11.4%
ENB	Buy	ENBRIDGE INC	$9,964,000	-2.3%	284,039	+0.5%	5.12%	-6.9%
UTX	Buy	UNITED TECHNOLOGIES CORP	$9,250,000	+5.6%	67,755	+0.7%	4.76%	+0.6%
GOOGL	Sell	ALPHABET INCcap stk cl a	$9,220,000	+11.5%	7,550	-1.1%	4.74%	+6.2%
KKR	Buy	KKR & CO INCcl a	$8,409,000	+53.6%	313,180	+44.6%	4.32%	+46.4%
SRC	Sell	SPIRIT RLTY CAP INC NEW	$8,329,000	+11.4%	174,033	-0.7%	4.28%	+6.1%
DG	Sell	DOLLAR GEN CORP NEW	$8,323,000	+16.6%	52,367	-0.8%	4.28%	+11.1%
WFC	Buy	WELLS FARGO CO NEW	$7,945,000	+14.6%	157,512	+7.5%	4.09%	+9.2%
CMCSA	Buy	COMCAST CORP NEWcl a	$7,321,000	+10.2%	162,410	+3.4%	3.76%	+5.0%
WMT	Sell	WALMART INC	$6,992,000	+6.3%	58,916	-1.0%	3.60%	+1.3%
SCHW	Buy	THE CHARLES SCHWAB CORPORATI	$6,609,000	+12.7%	157,991	+8.3%	3.40%	+7.4%
PPT	New	PUTNAM PREMIER INCOME TRsh ben int	$5,935,000	–	1,128,336	–	3.05%	–
SO	Sell	SOUTHERN CO	$5,889,000	+6.1%	95,335	-5.0%	3.03%	+1.1%
FCAU	Buy	FIAT CHRYSLER AUTOMOBILES N	$5,070,000	-6.0%	391,521	+0.3%	2.61%	-10.4%
T	Buy	AT&T INC	$4,993,000	+13.0%	131,947	+0.0%	2.57%	+7.6%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$4,958,000	-2.0%	41,376	-15.6%	2.55%	-6.6%
LENB	Buy	LENNAR CORPcl b	$4,435,000	+30.6%	99,951	+13.3%	2.28%	+24.4%
AAPL	Sell	APPLE INC	$4,288,000	+9.2%	19,145	-3.5%	2.20%	+4.1%
AER	Buy	AERCAP HOLDINGS NV	$3,922,000	+196000.0%	71,632	+170452.4%	2.02%	+201600.0%
FB	Buy	FACEBOOK INCcl a	$3,909,000	-6.5%	21,953	+1.4%	2.01%	-10.9%
SAVE	New	SPIRIT AIRLS INC	$3,851,000	–	106,098	–	1.98%	–
BKNG	Buy	BOOKING HLDGS INC	$3,686,000	+5.0%	1,878	+0.3%	1.90%	+0.1%
PM	Buy	PHILIP MORRIS INTL INC	$3,579,000	-2.0%	47,138	+1.4%	1.84%	-6.6%
TAP	Buy	MOLSON COORS BREWING COcl b	$3,571,000	+58.2%	62,102	+54.1%	1.84%	+50.7%
UNH	New	UNITEDHEALTH GROUP INC	$3,471,000	–	15,973	–	1.78%	–
NLY	Buy	ANNALY CAP MGMT INC	$2,496,000	-2.4%	283,635	+1.3%	1.28%	-7.0%
D	Sell	DOMINION ENERGY INC	$2,051,000	+4.2%	25,306	-0.6%	1.06%	-0.7%
MSGS	New	MADISON SQUARE GARDEN CO NEWcl a	$1,924,000	–	7,302	–	0.99%	–
DD	Sell	DUPONT DE NEMOURS INC	$1,756,000	-10.2%	24,620	-5.5%	0.90%	-14.4%
KTB	Buy	KONTOOR BRANDS INC	$1,590,000	+6015.4%	45,309	+4841.0%	0.82%	+5742.9%
MSFT	Buy	MICROSOFT CORP	$1,591,000	+10.9%	11,443	+6.8%	0.82%	+5.5%
JNJ	Buy	JOHNSON & JOHNSON	$1,436,000	-7.0%	11,098	+0.1%	0.74%	-11.4%
MO	Buy	ALTRIA GROUP INC	$1,250,000	-11.8%	30,553	+2.0%	0.64%	-15.9%
DOW	Sell	DOW INC	$1,184,000	-7.7%	24,849	-4.5%	0.61%	-12.0%
BX	New	BLACKSTONE GROUP INC	$973,000	–	19,913	–	0.50%	–
CTVA	Sell	CORTEVA INC	$727,000	-5.6%	25,982	-0.2%	0.37%	-10.1%
EPD	Buy	ENTERPRISE PRODS PARTNERS L	$727,000	+7.5%	25,432	+8.6%	0.37%	+2.5%
NEE	Buy	NEXTERA ENERGY INC	$721,000	+13.7%	3,093	+0.0%	0.37%	+8.5%
JPM	Sell	JPMORGAN CHASE & CO	$593,000	-5.1%	5,036	-9.9%	0.30%	-9.5%
PEP	Buy	PEPSICO INC	$559,000	+5.5%	4,079	+0.9%	0.29%	+0.3%
RYT	Sell	INVESCO EXCHANGE TRADED FD Ts&p500 eql tec	$506,000	-8.2%	2,831	-8.9%	0.26%	-12.5%
MA	Sell	MASTERCARD INCcl a	$427,000	+1.2%	1,574	-1.3%	0.22%	-3.5%
PG	Sell	PROCTER & GAMBLE CO	$392,000	+8.9%	3,155	-3.9%	0.20%	+4.1%
XOM	Sell	EXXON MOBIL CORP	$292,000	-10.4%	4,134	-2.9%	0.15%	-14.8%
VZ	Buy	VERIZON COMMUNICATIONS INC	$259,000	+236.4%	4,297	+220.0%	0.13%	+216.7%
SCHV	Sell	SCHWAB STRATEGIC TRus lcap va etf	$210,000	0.0%	3,702	-0.9%	0.11%	-4.4%
SCHM	Exit	SCHWAB STRATEGIC TRus mid-cap etf	$0	–	-39	–	-0.00%	–
S	Exit	SPRINT CORPORATION	$0	–	-155	–	-0.00%	–
RDFN	Exit	REDFIN CORP	$0	–	-100	–	-0.00%	–
UWN	Exit	NEVADA GOLD & CASINOS INC	$0	–	-739	–	-0.00%	–
UAN	Exit	CVR PARTNERS LP	$0	–	-500	–	-0.00%	–
SCHH	Exit	SCHWAB STRATEGIC TRus reit etf	$0	–	-32	–	-0.00%	–
QEFA	Exit	SPDR INDEX SHS FDSmsci eafe strtgc	$0	–	-34	–	-0.00%	–
CLR	Exit	CONTINENTAL RESOURCES INC	$0	–	-50	–	-0.00%	–
TSLA	Exit	TESLA INC	$0	–	-5	–	-0.00%	–
SCHO	Exit	SCHWAB STRATEGIC TRsht tm us tres	$0	–	-28	–	-0.00%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-49	–	-0.00%	–
CLNY	Exit	COLONY CAP INC NEW	$0	–	-305	–	-0.00%	–
SBPH	Exit	SPRING BK PHARMACEUTICALS IN	$0	–	-300	–	-0.00%	–
NOG	Exit	NORTHERN OIL & GAS INC NEV	$0	–	-1,000	–	-0.00%	–
BCE	Exit	BCE INC	$0	–	-41	–	-0.00%	–
ADRO	Exit	ADURO BIOTECH INC	$0	–	-1,500	–	-0.00%	–
PPG	Exit	PPG INDS INC	$0	–	-13	–	-0.00%	–
MYL	Exit	MYLAN N V	$0	–	-100	–	-0.00%	–
GH	Exit	GUARDANT HEALTH INC	$0	–	-13	–	-0.00%	–
TISA	Exit	TOP IMAGE SYSTEMS LTDord	$0	–	-150	–	-0.00%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-17	–	-0.00%	–
MRNA	Exit	MODERNA INC	$0	–	-64	–	-0.00%	–
EBAY	Exit	EBAY INC	$0	–	-75	–	-0.00%	–
TJX	Exit	TJX COS INC NEW	$0	–	-74	–	-0.00%	–
HPE	Exit	HEWLETT PACKARD ENTERPRISE C	$0	–	-299	–	-0.00%	–
MHK	Exit	MOHAWK INDS INC	$0	–	-24	–	-0.00%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-42	–	-0.00%	–
SQ	Exit	SQUARE INCcl a	$0	–	-100	–	-0.00%	–
MLNX	Exit	MELLANOX TECHNOLOGIES LTD	$0	–	-30	–	-0.00%	–
JOE	Exit	ST JOE CO	$0	–	-186	–	-0.00%	–
MCK	Exit	MCKESSON CORP	$0	–	-30	–	-0.00%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-53	–	-0.00%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-220	–	-0.00%	–
HPQ	Exit	HP INC	$0	–	-302	–	-0.00%	–
MMM	Exit	3M CO	$0	–	-33	–	-0.00%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-583	–	-0.00%	–
ADSW	Exit	ADVANCED DISP SVCS INC DEL	$0	–	-154	–	-0.00%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-119	–	-0.00%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-46	–	-0.00%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-40	–	-0.00%	–
DAL	Exit	DELTA AIR LINES INC DEL	$0	–	-99	–	-0.00%	–
DERM	Exit	DERMIRA INC	$0	–	-500	–	-0.00%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-200	–	-0.00%	–
MET	Exit	METLIFE INC	$0	–	-102	–	-0.00%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-61	–	-0.00%	–
CCL	Exit	CARNIVAL CORPunit 99/99/9999	$0	–	-100	–	-0.00%	–
SCHG	Exit	SCHWAB STRATEGIC TRus lcap gr etf	$0	–	-67	–	-0.00%	–
XHB	Exit	SPDR SERIES TRUSTs&p homebuild	$0	–	-136	–	-0.00%	–
DE	Exit	DEERE & CO	$0	–	-37	–	-0.00%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-50	–	-0.00%	–
AAL	Exit	AMERICAN AIRLS GROUP INC	$0	–	-258	–	-0.00%	–
YTRA	Exit	YATRA ONLINE INC	$0	–	-1,960	–	-0.00%	–
LB	Exit	L BRANDS INC	$0	–	-306	–	-0.00%	–
CNK	Exit	CINEMARK HOLDINGS INC	$0	–	-206	–	-0.00%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-70	–	-0.00%	–
AG	Exit	FIRST MAJESTIC SILVER CORP	$0	–	-1,000	–	-0.00%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-100	–	-0.00%	–
TXT	Exit	TEXTRON INC	$0	–	-147	–	-0.00%	–
V	Exit	VISA INC	$0	–	-48	–	-0.00%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-85	–	-0.00%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-32	–	-0.00%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-49	–	-0.01%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-82	–	-0.01%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-132	–	-0.01%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-133	–	-0.01%	–
CMPR	Exit	CIMPRESS N V	$0	–	-103	–	-0.01%	–
SCHZ	Exit	SCHWAB STRATEGIC TRus aggregate b	$0	–	-164	–	-0.01%	–
AMZN	Exit	AMAZON COM INC	$0	–	-5	–	-0.01%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-88	–	-0.01%	–
UAA	Exit	UNDER ARMOUR INCcl a	$0	–	-410	–	-0.01%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-100	–	-0.01%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-50	–	-0.01%	–
LDOS	Exit	LEIDOS HLDGS INC	$0	–	-110	–	-0.01%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-100	–	-0.01%	–
AJG	Exit	GALLAGHER ARTHUR J & CO	$0	–	-117	–	-0.01%	–
UNM	Exit	UNUM GROUP	$0	–	-300	–	-0.01%	–
XON	Exit	INTREXON CORP	$0	–	-1,500	–	-0.01%	–
LOW	Exit	LOWES COS INC	$0	–	-123	–	-0.01%	–
AGEN	Exit	AGENUS INC	$0	–	-4,000	–	-0.01%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-65	–	-0.01%	–
BBT	Exit	BB&T CORP	$0	–	-216	–	-0.01%	–
GM	Exit	GENERAL MTRS CO	$0	–	-286	–	-0.01%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-132	–	-0.01%	–
GERN	Exit	GERON CORP	$0	–	-8,645	–	-0.01%	–
IMGN	Exit	IMMUNOGEN INC	$0	–	-5,000	–	-0.01%	–
BAC	Exit	BANK AMER CORP	$0	–	-435	–	-0.01%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-249	–	-0.01%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-238	–	-0.01%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-306	–	-0.01%	–
EOG	Exit	EOG RES INC	$0	–	-171	–	-0.01%	–
PSX	Exit	PHILLIPS 66	$0	–	-179	–	-0.01%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-277	–	-0.01%	–
EXC	Exit	EXELON CORP	$0	–	-352	–	-0.01%	–
WAT	Exit	WATERS CORP	$0	–	-75	–	-0.01%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-211	–	-0.01%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-373	–	-0.01%	–
LLY	Exit	LILLY ELI & CO	$0	–	-174	–	-0.01%	–
HQL	Exit	TEKLA LIFE SCIENCES INVSsh ben int	$0	–	-1,097	–	-0.01%	–
AFG	Exit	AMERICAN FINL GROUP INC OHIO	$0	–	-200	–	-0.01%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-114	–	-0.01%	–
PAYX	Exit	PAYCHEX INC	$0	–	-242	–	-0.01%	–
J	Exit	JACOBS ENGR GROUP INC	$0	–	-244	–	-0.01%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-104	–	-0.01%	–
FXH	Exit	FIRST TR EXCHANGE TRADED FDhlth care alph	$0	–	-262	–	-0.01%	–
PRK	Exit	PARK NATL CORP	$0	–	-200	–	-0.01%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-500	–	-0.01%	–
MGA	Exit	MAGNA INTL INC	$0	–	-476	–	-0.01%	–
ORCL	Exit	ORACLE CORP	$0	–	-453	–	-0.01%	–
PPL	Exit	PPL CORP	$0	–	-842	–	-0.01%	–
ABBV	Exit	ABBVIE INC	$0	–	-384	–	-0.02%	–
CGC	Exit	CANOPY GROWTH CORP	$0	–	-690	–	-0.02%	–
SPYD	Exit	SPDR SERIES TRUSTprtflo s&p500 hi	$0	–	-803	–	-0.02%	–
AMGN	Exit	AMGEN INC	$0	–	-168	–	-0.02%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-635	–	-0.02%	–
XLNX	Exit	XILINX INC	$0	–	-290	–	-0.02%	–
ITA	Exit	ISHARES TRus aer def etf	$0	–	-173	–	-0.02%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-1,000	–	-0.02%	–
	Exit	QUALCOMM INC	$0	–	-557	–	-0.02%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-40	–	-0.02%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-163	–	-0.02%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-930	–	-0.02%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-252	–	-0.02%	–
TMK	Exit	TORCHMARK CORP	$0	–	-513	–	-0.02%	–
HD	Exit	HOME DEPOT INC	$0	–	-229	–	-0.03%	–
BLK	Exit	BLACKROCK INC	$0	–	-104	–	-0.03%	–
HACK	Exit	ETF MANAGERS TRprime cybr scrty	$0	–	-1,298	–	-0.03%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-544	–	-0.03%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-360	–	-0.03%	–
HLT	Exit	HILTON WORLDWIDE HLDGS INC	$0	–	-569	–	-0.03%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-150	–	-0.03%	–
SCHA	Exit	SCHWAB STRATEGIC TRus sml cap etf	$0	–	-806	–	-0.03%	–
EL	Exit	LAUDER ESTEE COS INCcl a	$0	–	-322	–	-0.03%	–
CCOI	Exit	COGENT COMMUNICATIONS HLDGS	$0	–	-1,000	–	-0.03%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-383	–	-0.03%	–
CSX	Exit	CSX CORP	$0	–	-825	–	-0.04%	–
ABT	Exit	ABBOTT LABS	$0	–	-757	–	-0.04%	–
CI	Exit	CIGNA CORP NEW	$0	–	-422	–	-0.04%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFut ser 1	$0	–	-270	–	-0.04%	–
RTN	Exit	RAYTHEON CO	$0	–	-416	–	-0.04%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-1,882	–	-0.04%	–
CSCO	Exit	CISCO SYS INC	$0	–	-1,568	–	-0.05%	–
KO	Exit	COCA COLA CO	$0	–	-1,706	–	-0.05%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-588	–	-0.05%	–
K	Exit	KELLOGG CO	$0	–	-2,000	–	-0.06%	–
CWI	Exit	SPDR INDEX SHS FDSmsci acwi exus	$0	–	-3,028	–	-0.06%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-1,367	–	-0.06%	–
ANTM	Exit	ANTHEM INC	$0	–	-452	–	-0.07%	–
INTC	Exit	INTEL CORP	$0	–	-2,749	–	-0.07%	–
WDIV	Exit	SPDR INDEX SHS FDSs&p glbdiv etf	$0	–	-1,936	–	-0.07%	–
MDYV	Exit	SPDR SERIES TRUSTs&p 400 mdcp val	$0	–	-2,653	–	-0.07%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,005	–	-0.08%	–
TGT	Exit	TARGET CORP	$0	–	-1,761	–	-0.08%	–
MCD	Exit	MCDONALDS CORP	$0	–	-743	–	-0.08%	–
BA	Exit	BOEING CO	$0	–	-438	–	-0.09%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-1,382	–	-0.09%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-1,333	–	-0.10%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-992	–	-0.10%	–
FDX	Exit	FEDEX CORP	$0	–	-1,252	–	-0.11%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,036	–	-0.16%	–
PFE	Exit	PFIZER INC	$0	–	-7,973	–	-0.19%	–
AINC	Exit	ASHFORD INC	$0	–	-11,329	–	-0.19%	–
BX	Exit	BLACKSTONE GROUP L P	$0	–	-22,718	–	-0.54%	–
SYK	Exit	STRYKER CORP	$0	–	-7,209	–	-0.80%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-83,308	–	-1.40%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-56,901	–	-1.45%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP	$0	–	-24,586	–	-1.86%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-72,058	–	-2.12%	–
DIS	Exit	DISNEY WALT CO	$0	–	-55,914	–	-4.21%	–

Q2 2019

			Value		Shares		↓ Weighting
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$14,373,000	–	67,427	–	7.76%	–
ENB	New	ENBRIDGE INC	$10,199,000	–	282,687	–	5.50%	–
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$9,455,000	–	23,926	–	5.10%	–
UTX	New	UNITED TECHNOLOGIES CORP	$8,757,000	–	67,256	–	4.73%	–
GOOGL	New	ALPHABET INCcap stk cl a	$8,268,000	–	7,636	–	4.46%	–
DIS	New	DISNEY WALT CO	$7,808,000	–	55,914	–	4.21%	–
SRC	New	SPIRIT RLTY CAP INC NEW	$7,479,000	–	175,310	–	4.04%	–
DG	New	DOLLAR GEN CORP NEW	$7,136,000	–	52,800	–	3.85%	–
WFC	New	WELLS FARGO CO NEW	$6,935,000	–	146,549	–	3.74%	–
CMCSA	New	COMCAST CORP NEWcl a	$6,643,000	–	157,114	–	3.59%	–
WMT	New	WALMART INC	$6,576,000	–	59,518	–	3.55%	–
SCHW	New	THE CHARLES SCHWAB CORPORATI	$5,864,000	–	145,915	–	3.16%	–
SO	New	SOUTHERN CO	$5,548,000	–	100,354	–	3.00%	–
KKR	New	KKR & CO INCcl a	$5,473,000	–	216,595	–	2.95%	–
FCAU	New	FIAT CHRYSLER AUTOMOBILES N	$5,394,000	–	390,325	–	2.91%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$5,060,000	–	48,998	–	2.73%	–
T	New	AT&T INC	$4,420,000	–	131,895	–	2.39%	–
FB	New	FACEBOOK INCcl a	$4,180,000	–	21,660	–	2.26%	–
CVS	New	CVS HEALTH CORP	$3,926,000	–	72,058	–	2.12%	–
AAPL	New	APPLE INC	$3,925,000	–	19,832	–	2.12%	–
PM	New	PHILIP MORRIS INTL INC	$3,651,000	–	46,491	–	1.97%	–
BKNG	New	BOOKING HLDGS INC	$3,509,000	–	1,872	–	1.89%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP	$3,445,000	–	24,586	–	1.86%	–
LENB	New	LENNAR CORPcl b	$3,397,000	–	88,215	–	1.83%	–
ATVI	New	ACTIVISION BLIZZARD INC	$2,686,000	–	56,901	–	1.45%	–
KHC	New	KRAFT HEINZ CO	$2,586,000	–	83,308	–	1.40%	–
NLY	New	ANNALY CAP MGMT INC	$2,557,000	–	280,062	–	1.38%	–
TAP	New	MOLSON COORS BREWING COcl b	$2,257,000	–	40,309	–	1.22%	–
D	New	DOMINION ENERGY INC	$1,968,000	–	25,457	–	1.06%	–
DD	New	DUPONT DE NEMOURS INC	$1,955,000	–	26,040	–	1.06%	–
JNJ	New	JOHNSON & JOHNSON	$1,544,000	–	11,089	–	0.83%	–
SYK	New	STRYKER CORP	$1,482,000	–	7,209	–	0.80%	–
MSFT	New	MICROSOFT CORP	$1,435,000	–	10,710	–	0.78%	–
MO	New	ALTRIA GROUP INC	$1,418,000	–	29,946	–	0.76%	–
DOW	New	DOW INC	$1,283,000	–	26,016	–	0.69%	–
BX	New	BLACKSTONE GROUP L P	$1,009,000	–	22,718	–	0.54%	–
CTVA	New	CORTEVA INC	$770,000	–	26,040	–	0.42%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$676,000	–	23,424	–	0.36%	–
NEE	New	NEXTERA ENERGY INC	$634,000	–	3,092	–	0.34%	–
JPM	New	JPMORGAN CHASE & CO	$625,000	–	5,588	–	0.34%	–
RYT	New	INVESCO EXCHANGE TRADED FD Ts&p500 eql tec	$551,000	–	3,107	–	0.30%	–
PEP	New	PEPSICO INC	$530,000	–	4,044	–	0.29%	–
GABC	New	GERMAN AMERN BANCORP INC	$484,000	–	16,067	–	0.26%	–
MA	New	MASTERCARD INCcl a	$422,000	–	1,594	–	0.23%	–
PG	New	PROCTER AND GAMBLE CO	$360,000	–	3,284	–	0.19%	–
AINC	New	ASHFORD INC	$360,000	–	11,329	–	0.19%	–
PFE	New	PFIZER INC	$345,000	–	7,973	–	0.19%	–
XOM	New	EXXON MOBIL CORP	$326,000	–	4,258	–	0.18%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$304,000	–	1,036	–	0.16%	–
SCHV	New	SCHWAB STRATEGIC TRus lcap va etf	$210,000	–	3,737	–	0.11%	–
FDX	New	FEDEX CORP	$206,000	–	1,252	–	0.11%	–
NSC	New	NORFOLK SOUTHERN CORP	$187,000	–	992	–	0.10%	–
KMB	New	KIMBERLY CLARK CORP	$178,000	–	1,333	–	0.10%	–
CVX	New	CHEVRON CORP NEW	$172,000	–	1,382	–	0.09%	–
BA	New	BOEING CO	$160,000	–	438	–	0.09%	–
TGT	New	TARGET CORP	$153,000	–	1,761	–	0.08%	–
MCD	New	MCDONALDS CORP	$154,000	–	743	–	0.08%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$139,000	–	1,005	–	0.08%	–
MDYV	New	SPDR SERIES TRUSTs&p 400 mdcp val	$136,000	–	2,653	–	0.07%	–
WDIV	New	SPDR INDEX SHS FDSs&p glbdiv etf	$131,000	–	1,936	–	0.07%	–
INTC	New	INTEL CORP	$132,000	–	2,749	–	0.07%	–
ANTM	New	ANTHEM INC	$128,000	–	452	–	0.07%	–
DUK	New	DUKE ENERGY CORP NEW	$121,000	–	1,367	–	0.06%	–
CWI	New	SPDR INDEX SHS FDSmsci acwi exus	$111,000	–	3,028	–	0.06%	–
K	New	KELLOGG CO	$107,000	–	2,000	–	0.06%	–
ITW	New	ILLINOIS TOOL WKS INC	$89,000	–	588	–	0.05%	–
KO	New	COCA COLA CO	$87,000	–	1,706	–	0.05%	–
CSCO	New	CISCO SYS INC	$86,000	–	1,568	–	0.05%	–
WTR	New	AQUA AMERICA INC	$78,000	–	1,882	–	0.04%	–
VZ	New	VERIZON COMMUNICATIONS INC	$77,000	–	1,343	–	0.04%	–
DIA	New	SPDR DOW JONES INDL AVRG ETFut ser 1	$72,000	–	270	–	0.04%	–
RTN	New	RAYTHEON CO	$72,000	–	416	–	0.04%	–
CI	New	CIGNA CORP NEW	$66,000	–	422	–	0.04%	–
CSX	New	CSX CORP	$64,000	–	825	–	0.04%	–
ABT	New	ABBOTT LABS	$64,000	–	757	–	0.04%	–
MKC	New	MCCORMICK & CO INC	$59,000	–	383	–	0.03%	–
CCOI	New	COGENT COMMUNICATIONS HLDGS	$59,000	–	1,000	–	0.03%	–
EL	New	LAUDER ESTEE COS INCcl a	$59,000	–	322	–	0.03%	–
SCHA	New	SCHWAB STRATEGIC TRus sml cap etf	$58,000	–	806	–	0.03%	–
IWM	New	ISHARES TRrussell 2000 etf	$56,000	–	360	–	0.03%	–
LMT	New	LOCKHEED MARTIN CORP	$55,000	–	150	–	0.03%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$56,000	–	569	–	0.03%	–
MDT	New	MEDTRONIC PLC	$53,000	–	544	–	0.03%	–
HACK	New	ETF MANAGERS TRprime cybr scrty	$52,000	–	1,298	–	0.03%	–
BLK	New	BLACKROCK INC	$49,000	–	104	–	0.03%	–
HD	New	HOME DEPOT INC	$48,000	–	229	–	0.03%	–
TMK	New	TORCHMARK CORP	$46,000	–	513	–	0.02%	–
HON	New	HONEYWELL INTL INC	$44,000	–	252	–	0.02%	–
	New	QUALCOMM INC	$42,000	–	557	–	0.02%	–
GOOG	New	ALPHABET INCcap stk cl c	$43,000	–	40	–	0.02%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$42,000	–	930	–	0.02%	–
COST	New	COSTCO WHSL CORP NEW	$43,000	–	163	–	0.02%	–
SLF	New	SUN LIFE FINL INC	$41,000	–	1,000	–	0.02%	–
ITA	New	ISHARES TRus aer def etf	$37,000	–	173	–	0.02%	–
XLNX	New	XILINX INC	$34,000	–	290	–	0.02%	–
SPYD	New	SPDR SERIES TRUSTprtflo s&p500 hi	$31,000	–	803	–	0.02%	–
AMGN	New	AMGEN INC	$31,000	–	168	–	0.02%	–
HP	New	HELMERICH & PAYNE INC	$32,000	–	635	–	0.02%	–
ABBV	New	ABBVIE INC	$28,000	–	384	–	0.02%	–
CGC	New	CANOPY GROWTH CORP	$28,000	–	690	–	0.02%	–
ORCL	New	ORACLE CORP	$26,000	–	453	–	0.01%	–
KTB	New	KONTOOR BRANDS INC	$26,000	–	917	–	0.01%	–
PPL	New	PPL CORP	$26,000	–	842	–	0.01%	–
MGA	New	MAGNA INTL INC	$24,000	–	476	–	0.01%	–
PRK	New	PARK NATL CORP	$20,000	–	200	–	0.01%	–
FXH	New	FIRST TR EXCHANGE TRADED FDhlth care alph	$20,000	–	262	–	0.01%	–
GD	New	GENERAL DYNAMICS CORP	$21,000	–	114	–	0.01%	–
GS	New	GOLDMAN SACHS GROUP INC	$21,000	–	104	–	0.01%	–
J	New	JACOBS ENGR GROUP INC	$21,000	–	244	–	0.01%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$20,000	–	500	–	0.01%	–
AFG	New	AMERICAN FINL GROUP INC OHIO	$20,000	–	200	–	0.01%	–
PAYX	New	PAYCHEX INC	$20,000	–	242	–	0.01%	–
ED	New	CONSOLIDATED EDISON INC	$19,000	–	211	–	0.01%	–
HQL	New	TEKLA LIFE SCIENCES INVSsh ben int	$18,000	–	1,097	–	0.01%	–
LLY	New	LILLY ELI & CO	$19,000	–	174	–	0.01%	–
LUV	New	SOUTHWEST AIRLS CO	$19,000	–	373	–	0.01%	–
WAT	New	WATERS CORP	$16,000	–	75	–	0.01%	–
UL	New	UNILEVER PLCspon adr new	$17,000	–	277	–	0.01%	–
EOG	New	EOG RES INC	$16,000	–	171	–	0.01%	–
EXC	New	EXELON CORP	$17,000	–	352	–	0.01%	–
PSX	New	PHILLIPS 66	$17,000	–	179	–	0.01%	–
TD	New	TORONTO DOMINION BK ONT	$14,000	–	238	–	0.01%	–
CAH	New	CARDINAL HEALTH INC	$14,000	–	306	–	0.01%	–
MDLZ	New	MONDELEZ INTL INCcl a	$13,000	–	249	–	0.01%	–
BAC	New	BANK AMER CORP	$13,000	–	435	–	0.01%	–
NVS	New	NOVARTIS A Gsponsored adr	$12,000	–	132	–	0.01%	–
LOW	New	LOWES COS INC	$12,000	–	123	–	0.01%	–
AGEN	New	AGENUS INC	$12,000	–	4,000	–	0.01%	–
XON	New	INTREXON CORP	$11,000	–	1,500	–	0.01%	–
IMGN	New	IMMUNOGEN INC	$11,000	–	5,000	–	0.01%	–
GM	New	GENERAL MTRS CO	$11,000	–	286	–	0.01%	–
DEO	New	DIAGEO P L Cspon adr new	$11,000	–	65	–	0.01%	–
GERN	New	GERON CORP	$12,000	–	8,645	–	0.01%	–
BBT	New	BB&T CORP	$11,000	–	216	–	0.01%	–
UAA	New	UNDER ARMOUR INCcl a	$10,000	–	410	–	0.01%	–
DFS	New	DISCOVER FINL SVCS	$10,000	–	133	–	0.01%	–
ZTS	New	ZOETIS INCcl a	$10,000	–	88	–	0.01%	–
ACN	New	ACCENTURE PLC IRELAND	$9,000	–	49	–	0.01%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$9,000	–	100	–	0.01%	–
LDOS	New	LEIDOS HLDGS INC	$9,000	–	110	–	0.01%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$10,000	–	82	–	0.01%	–
SCHZ	New	SCHWAB STRATEGIC TRus aggregate b	$9,000	–	164	–	0.01%	–
CMPR	New	CIMPRESS N V	$9,000	–	103	–	0.01%	–
AJG	New	GALLAGHER ARTHUR J & CO	$10,000	–	117	–	0.01%	–
UNM	New	UNUM GROUP	$10,000	–	300	–	0.01%	–
PH	New	PARKER HANNIFIN CORP	$9,000	–	50	–	0.01%	–
EA	New	ELECTRONIC ARTS INC	$10,000	–	100	–	0.01%	–
AMZN	New	AMAZON COM INC	$9,000	–	5	–	0.01%	–
ES	New	EVERSOURCE ENERGY	$10,000	–	132	–	0.01%	–
BDX	New	BECTON DICKINSON & CO	$8,000	–	32	–	0.00%	–
AAL	New	AMERICAN AIRLS GROUP INC	$8,000	–	258	–	0.00%	–
LNG	New	CHENIERE ENERGY INC	$7,000	–	100	–	0.00%	–
CNK	New	CINEMARK HOLDINGS INC	$7,000	–	206	–	0.00%	–
AG	New	FIRST MAJESTIC SILVER CORP	$8,000	–	1,000	–	0.00%	–
LB	New	L BRANDS INC	$8,000	–	306	–	0.00%	–
OMC	New	OMNICOM GROUP INC	$7,000	–	85	–	0.00%	–
TXN	New	TEXAS INSTRS INC	$8,000	–	70	–	0.00%	–
TXT	New	TEXTRON INC	$8,000	–	147	–	0.00%	–
V	New	VISA INC	$8,000	–	48	–	0.00%	–
YTRA	New	YATRA ONLINE INC	$7,000	–	1,960	–	0.00%	–
XHB	New	SPDR SERIES TRUSTs&p homebuild	$6,000	–	136	–	0.00%	–
KMI	New	KINDER MORGAN INC DEL	$5,000	–	220	–	0.00%	–
KSU	New	KANSAS CITY SOUTHERN	$6,000	–	46	–	0.00%	–
MMM	New	3M CO	$6,000	–	33	–	0.00%	–
ADSW	New	ADVANCED DISP SVCS INC DEL	$5,000	–	154	–	0.00%	–
NXPI	New	NXP SEMICONDUCTORS N V	$5,000	–	50	–	0.00%	–
AMLP	New	ALPS ETF TRalerian mlp	$6,000	–	583	–	0.00%	–
CCL	New	CARNIVAL CORPunit 99/99/9999	$5,000	–	100	–	0.00%	–
DE	New	DEERE & CO	$6,000	–	37	–	0.00%	–
DAL	New	DELTA AIR LINES INC DEL	$6,000	–	99	–	0.00%	–
SCHG	New	SCHWAB STRATEGIC TRus lcap gr etf	$6,000	–	67	–	0.00%	–
DERM	New	DERMIRA INC	$5,000	–	500	–	0.00%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$5,000	–	119	–	0.00%	–
PYPL	New	PAYPAL HLDGS INC	$5,000	–	40	–	0.00%	–
SBUX	New	STARBUCKS CORP	$5,000	–	61	–	0.00%	–
HPQ	New	HP INC	$6,000	–	302	–	0.00%	–
MET	New	METLIFE INC	$5,000	–	102	–	0.00%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$5,000	–	200	–	0.00%	–
JOE	New	ST JOE CO	$3,000	–	186	–	0.00%	–
MHK	New	MOHAWK INDS INC	$4,000	–	24	–	0.00%	–
SQ	New	SQUARE INCcl a	$4,000	–	100	–	0.00%	–
TJX	New	TJX COS INC NEW	$4,000	–	74	–	0.00%	–
MCK	New	MCKESSON CORP	$4,000	–	30	–	0.00%	–
HPE	New	HEWLETT PACKARD ENTERPRISE C	$4,000	–	299	–	0.00%	–
GPC	New	GENUINE PARTS CO	$4,000	–	42	–	0.00%	–
EBAY	New	EBAY INC	$3,000	–	75	–	0.00%	–
ALB	New	ALBEMARLE CORP	$4,000	–	53	–	0.00%	–
MLNX	New	MELLANOX TECHNOLOGIES LTD	$3,000	–	30	–	0.00%	–
S	New	SPRINT CORPORATION	$1,000	–	155	–	0.00%	–
PPG	New	PPG INDS INC	$2,000	–	13	–	0.00%	–
QEFA	New	SPDR INDEX SHS FDSmsci eafe strtgc	$2,000	–	34	–	0.00%	–
SBPH	New	SPRING BK PHARMACEUTICALS IN	$1,000	–	300	–	0.00%	–
UWN	New	NEVADA GOLD & CASINOS INC	$2,000	–	739	–	0.00%	–
MYL	New	MYLAN N V	$2,000	–	100	–	0.00%	–
NOG	New	NORTHERN OIL & GAS INC NEV	$2,000	–	1,000	–	0.00%	–
CLR	New	CONTINENTAL RESOURCES INC	$2,000	–	50	–	0.00%	–
CLNY	New	COLONY CAP INC NEW	$2,000	–	305	–	0.00%	–
WMB	New	WILLIAMS COS INC DEL	$1,000	–	49	–	0.00%	–
SCHO	New	SCHWAB STRATEGIC TRsht tm us tres	$1,000	–	28	–	0.00%	–
UAN	New	CVR PARTNERS LP	$2,000	–	500	–	0.00%	–
SCHH	New	SCHWAB STRATEGIC TRus reit etf	$1,000	–	32	–	0.00%	–
BCE	New	BCE INC	$2,000	–	41	–	0.00%	–
RDFN	New	REDFIN CORP	$2,000	–	100	–	0.00%	–
OXY	New	OCCIDENTAL PETE CORP	$1,000	–	17	–	0.00%	–
SCHM	New	SCHWAB STRATEGIC TRus mid-cap etf	$2,000	–	39	–	0.00%	–
TISA	New	TOP IMAGE SYSTEMS LTDord	$2,000	–	150	–	0.00%	–
ADRO	New	ADURO BIOTECH INC	$2,000	–	1,500	–	0.00%	–
TSLA	New	TESLA INC	$1,000	–	5	–	0.00%	–
AER	New	AERCAP HOLDINGS NV	$2,000	–	42	–	0.00%	–
MRNA	New	MODERNA INC	$1,000	–	64	–	0.00%	–
GH	New	GUARDANT HEALTH INC	$1,000	–	13	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
FOLD	Exit	AMICUS THERAPEUTICS	$0	–	-10,051	–	-0.10%	–
ACWX	Exit	SPDR MSCI ACWI EX-US ETFmsci acwi ex us	$0	–	-5,432	–	-0.16%	–
MDYV	Exit	SPDR S&P 400 MID CAP VALUE ETF IVs&p 400 mdcp val	$0	–	-3,831	–	-0.16%	–
SCHV	Exit	SCHWAB STRATEGIC TRus lcap va etf	$0	–	-4,094	–	-0.18%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-1,113	–	-0.21%	–
EVI	Exit	ENVIROSTAR INC	$0	–	-8,190	–	-0.25%	–
HYMB	Exit	SPDR NUVEEN S&P HIGH YIELD MUNI ETFnuv hghyld mun	$0	–	-6,648	–	-0.29%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-1,709	–	-0.30%	–
GABC	Exit	GERMAN AMERICAN BANC	$0	–	-16,067	–	-0.44%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-5,201	–	-0.46%	–
EPD	Exit	ENTERPRISE PRODUCTS LP	$0	–	-25,220	–	-0.57%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-8,670	–	-0.76%	–
BX	Exit	BLACKSTONE GROUP LP	$0	–	-25,678	–	-0.77%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-9,779	–	-0.88%	–
ADS	Exit	ALLIANCE DATA SYSTEM	$0	–	-4,907	–	-0.91%	–
O	Exit	REALTY INCM CORP	$0	–	-22,925	–	-1.02%	–
FOXA	Exit	21ST CENT FOX CLASS Bcl a	$0	–	-28,707	–	-1.03%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-10,850	–	-1.18%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-15,504	–	-1.21%	–
DM	Exit	DOMINION ENERGY INC	$0	–	-22,905	–	-1.26%	–
HYD	Exit	VANECK VECTORS ETF TRhigh yld mun etf	$0	–	-53,111	–	-1.30%	–
MCK	Exit	MCKESSON CORP	$0	–	-12,594	–	-1.31%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-32,050	–	-1.36%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-899	–	-1.40%	–
ABC	Exit	AMERISOURCEBERGEN CO	$0	–	-19,744	–	-1.43%	–
DSKE	Exit	DASEKE INC	$0	–	-231,333	–	-1.46%	–
NLY	Exit	ANNALY CAPITAL MGMT REIT	$0	–	-188,898	–	-1.52%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-32,135	–	-1.52%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-45,540	–	-1.58%	–
	Exit	QUALCOMMON INC	$0	–	-29,049	–	-1.64%	–
APU	Exit	AMERIGAS PARTNERS LPunit l p int	$0	–	-54,333	–	-1.69%	–
AHT	Exit	ASHFORD INC	$0	–	-28,463	–	-1.70%	–
SEP	Exit	SPECTRA ENERGY LP	$0	–	-65,876	–	-1.85%	–
LMB	Exit	LIMBACH HOLDINGS INC	$0	–	-209,843	–	-1.86%	–
AGN	Exit	ALLERGAN PLC F	$0	–	-13,479	–	-2.02%	–
AET	Exit	AETNA INC	$0	–	-13,951	–	-2.22%	–
RSYS	Exit	RADISYS CORP	$0	–	-2,028,939	–	-2.60%	–
COTY	Exit	COTY INC CLASS A	$0	–	-269,827	–	-2.66%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-43,938	–	-2.88%	–
LENB	Exit	LENNAR CORP CLASS Bcl b	$0	–	-98,277	–	-2.98%	–
PM	Exit	PHILIP MORRIS INTL	$0	–	-50,015	–	-3.21%	–
EEP	Exit	ENBRIDGE INC F	$0	–	-130,681	–	-3.32%	–
WFC	Exit	WELLS FARGO BK N A	$0	–	-82,831	–	-3.42%	–
CMCSA	Exit	COMCAST CORP CLASS Acl a	$0	–	-123,443	–	-3.44%	–
CHTR	Exit	CHARTER COMMUNICATN CLASS Acl a	$0	–	-13,531	–	-3.47%	–
T	Exit	AT&T INC	$0	–	-132,225	–	-3.49%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-103,139	–	-3.54%	–
BRKB	Exit	BERKSHIRE HATHAWAY CLASS Bcl b new	$0	–	-22,761	–	-3.83%	–
AAPL	Exit	APPLE INC	$0	–	-23,570	–	-4.18%	–
DG	Exit	DOLLAR GENERAL CORP	$0	–	-49,204	–	-4.23%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-61,731	–	-4.56%	–
DIS	Exit	WALT DISNEY CO	$0	–	-50,605	–	-4.65%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-50,032	–	-5.53%	–

Q3 2018

			Value		Shares		↓ Weighting
COL	Buy	ROCKWELL COLLINS INC	$7,027,000	+5.3%	50,032	+1.6%	5.53%	+5.9%
DIS	Sell	WALT DISNEY CO	$5,917,000	+3.5%	50,605	-0.5%	4.65%	+4.1%
WMT	Sell	WAL-MART STORES INC	$5,797,000	-16.5%	61,731	-20.0%	4.56%	-16.0%
DG	Sell	DOLLAR GENERAL CORP	$5,377,000	+4.2%	49,204	-1.1%	4.23%	+4.8%
AAPL	Buy	APPLE INC	$5,320,000	+8.0%	23,570	+0.5%	4.18%	+8.6%
BRKB	Sell	BERKSHIRE HATHAWAY CLASS Bcl b new	$4,873,000	+3.5%	22,761	-0.7%	3.83%	+4.2%
SO	Buy	SOUTHERN COMPANY	$4,496,000	+29.7%	103,139	+39.3%	3.54%	+30.4%
T	Buy	AT&T INC	$4,440,000	+4.2%	132,225	+0.0%	3.49%	+4.8%
CHTR	Buy	CHARTER COMMUNICATN CLASS Acl a	$4,409,000	+61.7%	13,531	+51.4%	3.47%	+62.7%
CMCSA	Sell	COMCAST CORP CLASS Acl a	$4,371,000	+0.1%	123,443	-0.3%	3.44%	+0.7%
WFC	Sell	WELLS FARGO BK N A	$4,353,000	-10.2%	82,831	-0.9%	3.42%	-9.7%
EEP	Buy	ENBRIDGE INC F	$4,219,000	-8.0%	130,681	+0.4%	3.32%	-7.4%
PM	Sell	PHILIP MORRIS INTL	$4,078,000	-0.6%	50,015	-0.2%	3.21%	+0.0%
LENB	Sell	LENNAR CORP CLASS Bcl b	$3,783,000	-8.4%	98,277	-0.6%	2.98%	-7.9%
PG	Sell	PROCTER & GAMBLE	$3,656,000	+2.5%	43,938	-0.4%	2.88%	+3.1%
COTY	Sell	COTY INC CLASS A	$3,389,000	+7.6%	269,827	-0.6%	2.66%	+8.2%
RSYS	Buy	RADISYS CORP	$3,307,000	+66.9%	2,028,939	+53.1%	2.60%	+67.9%
AET	Sell	AETNA INC	$2,829,000	-16.9%	13,951	-19.3%	2.22%	-16.4%
AGN	Sell	ALLERGAN PLC F	$2,567,000	+2.4%	13,479	-1.1%	2.02%	+3.0%
LMB	Sell	LIMBACH HOLDINGS INC	$2,364,000	+4.9%	209,843	-0.9%	1.86%	+5.5%
SEP	Sell	SPECTRA ENERGY LP	$2,352,000	-4.2%	65,876	-0.3%	1.85%	-3.7%
AHT	Sell	ASHFORD INC	$2,159,000	-20.4%	28,463	-4.8%	1.70%	-19.9%
APU	Sell	AMERIGAS PARTNERS LPunit l p int	$2,146,000	-3.5%	54,333	-1.8%	1.69%	-2.9%
	Sell	QUALCOMMON INC	$2,092,000	-10.6%	29,049	-19.0%	1.64%	-10.1%
PFE	Buy	PFIZER INCORPORATED	$2,006,000	+8.5%	45,540	+0.9%	1.58%	+9.1%
MO	Buy	ALTRIA GROUP INC	$1,938,000	+2.2%	32,135	+0.2%	1.52%	+2.8%
NLY	Sell	ANNALY CAPITAL MGMT REIT	$1,932,000	-2.5%	188,898	-0.3%	1.52%	-1.9%
DSKE	Sell	DASEKE INC	$1,855,000	-10.3%	231,333	-0.8%	1.46%	-9.7%
ABC	Sell	AMERISOURCEBERGEN CO	$1,820,000	+9.6%	19,744	-0.9%	1.43%	+10.2%
BKNG	Buy	BOOKING HOLDINGS INC	$1,783,000	+8.8%	899	+0.2%	1.40%	+9.4%
CAH	Sell	CARDINAL HEALTH INC	$1,730,000	+9.4%	32,050	-0.3%	1.36%	+9.9%
MCK	Sell	MCKESSON CORP	$1,670,000	+4.6%	12,594	-0.8%	1.31%	+5.1%
HYD	Sell	VANECK VECTORS ETF TRhigh yld mun etf	$1,653,000	-1.2%	53,111	-0.1%	1.30%	-0.6%
DM	Buy	DOMINION ENERGY INC	$1,609,000	+50.1%	22,905	+49.8%	1.26%	+51.0%
GPC	Sell	GENUINE PARTS CO	$1,541,000	-0.4%	15,504	-2.6%	1.21%	+0.2%
JNJ	Sell	JOHNSON & JOHNSON	$1,499,000	+6.1%	10,850	-0.7%	1.18%	+6.7%
FOXA	Sell	21ST CENT FOX CLASS Bcl a	$1,315,000	+1.5%	28,707	-0.6%	1.03%	+2.1%
O	Buy	REALTY INCM CORP	$1,304,000	-0.5%	22,925	+0.1%	1.02%	+0.1%
ADS	Sell	ALLIANCE DATA SYSTEM	$1,158,000	+3.3%	4,907	-1.0%	0.91%	+4.0%
MSFT	Sell	MICROSOFT CORP	$1,118,000	+4.8%	9,779	-0.0%	0.88%	+5.4%
BX	Buy	BLACKSTONE GROUP LP	$977,000	+17.7%	25,678	+10.3%	0.77%	+18.3%
PEP	Buy	PEPSICO INCORPORATED	$969,000	-0.2%	8,670	+0.4%	0.76%	+0.4%
GABC	Sell	GERMAN AMERICAN BANC	$566,000	-6.4%	16,067	-1.8%	0.44%	-5.9%
MA	Sell	MASTERCARD INCcl a	$380,000	-8.7%	1,709	-16.7%	0.30%	-8.0%
HYMB	Buy	SPDR NUVEEN S&P HIGH YIELD MUNI ETFnuv hghyld mun	$374,000	-0.3%	6,648	+0.1%	0.29%	+0.3%
EVI	New	ENVIROSTAR INC	$319,000	–	8,190	–	0.25%	–
SCHV	Sell	SCHWAB STRATEGIC TRus lcap va etf	$229,000	0.0%	4,094	-1.8%	0.18%	+0.6%
ACWX	New	SPDR MSCI ACWI EX-US ETFmsci acwi ex us	$202,000	–	5,432	–	0.16%	–
FOLD	Sell	AMICUS THERAPEUTICS	$121,000	-16.0%	10,051	-3.6%	0.10%	-15.9%
IPOA	Exit	SOCIAL CAP HEDOSOPHI CLASS Acl a	$0	–	-21,994	–	-0.17%	–
NLSN	Exit	NIELSEN HOLDINGS PLC F	$0	–	-18,336	–	-0.36%	–
SAVE	Exit	SPIRIT AIRLINES	$0	–	-37,112	–	-1.29%	–
ATHN	Exit	ATHENAHEALTH INC	$0	–	-14,947	–	-1.75%	–

Q2 2018

			Value		Shares		↓ Weighting
WMT	New	WAL-MART STORES INC	$6,943,000	–	77,204	–	5.43%	–
COL	New	ROCKWELL COLLINS INC	$6,674,000	–	49,247	–	5.22%	–
DIS	New	WALT DISNEY CO	$5,719,000	–	50,835	–	4.47%	–
DG	New	DOLLAR GENERAL CORP	$5,158,000	–	49,764	–	4.03%	–
AAPL	New	APPLE INC	$4,925,000	–	23,461	–	3.85%	–
WFC	New	WELLS FARGO BK N A	$4,850,000	–	83,614	–	3.79%	–
BRKB	New	BERKSHIRE HATHAWAY CLASS Bcl b new	$4,706,000	–	22,913	–	3.68%	–
EEP	New	ENBRIDGE INC F	$4,585,000	–	130,158	–	3.58%	–
CMCSA	New	COMCAST CORP CLASS Acl a	$4,365,000	–	123,837	–	3.41%	–
T	New	AT&T INC	$4,260,000	–	132,214	–	3.33%	–
LENB	New	LENNAR CORP CLASS Bcl b	$4,132,000	–	98,915	–	3.23%	–
PM	New	PHILIP MORRIS INTL	$4,101,000	–	50,105	–	3.21%	–
PG	New	PROCTER & GAMBLE	$3,567,000	–	44,097	–	2.79%	–
SO	New	SOUTHERN COMPANY	$3,466,000	–	74,065	–	2.71%	–
AET	New	AETNA INC	$3,403,000	–	17,294	–	2.66%	–
COTY	New	COTY INC CLASS A	$3,149,000	–	271,386	–	2.46%	–
CHTR	New	CHARTER COMMUNICATN CLASS Acl a	$2,726,000	–	8,940	–	2.13%	–
AHT	New	ASHFORD INC	$2,713,000	–	29,902	–	2.12%	–
AGN	New	ALLERGAN PLC F	$2,508,000	–	13,634	–	1.96%	–
SEP	New	SPECTRA ENERGY LP	$2,456,000	–	66,076	–	1.92%	–
	New	QUALCOMMON INC	$2,339,000	–	35,882	–	1.83%	–
LMB	New	LIMBACH HOLDINGS INC	$2,253,000	–	211,808	–	1.76%	–
ATHN	New	ATHENAHEALTH INC	$2,233,000	–	14,947	–	1.75%	–
APU	New	AMERIGAS PARTNERS, L LPunit l p int	$2,223,000	–	55,333	–	1.74%	–
DSKE	New	DASEKE INC	$2,067,000	–	233,169	–	1.62%	–
RSYS	New	RADISYS CORP	$1,981,000	–	1,325,244	–	1.55%	–
NLY	New	ANNALY CAPITAL MGMT REIT	$1,981,000	–	189,471	–	1.55%	–
MO	New	ALTRIA GROUP INC	$1,896,000	–	32,069	–	1.48%	–
PFE	New	PFIZER INCORPORATED	$1,848,000	–	45,122	–	1.44%	–
HYD	New	VANECK VECTORS ETF TRhigh yld mun etf	$1,673,000	–	53,181	–	1.31%	–
ABC	New	AMERISOURCEBERGEN CO	$1,660,000	–	19,919	–	1.30%	–
SAVE	New	SPIRIT AIRLINES	$1,649,000	–	37,112	–	1.29%	–
BKNG	New	BOOKING HOLDINGS INC	$1,639,000	–	897	–	1.28%	–
MCK	New	MCKESSON CORP	$1,597,000	–	12,695	–	1.25%	–
CAH	New	CARDINAL HEALTH INC	$1,582,000	–	32,136	–	1.24%	–
GPC	New	GENUINE PARTS CO	$1,547,000	–	15,912	–	1.21%	–
JNJ	New	JOHNSON & JOHNSON	$1,413,000	–	10,930	–	1.10%	–
O	New	REALTY INCM CORP	$1,310,000	–	22,900	–	1.02%	–
FOXA	New	21ST CENT FOX CLASS Bcl a	$1,296,000	–	28,883	–	1.01%	–
ADS	New	ALLIANCE DATA SYSTEM	$1,121,000	–	4,957	–	0.88%	–
DM	New	DOMINION ENERGY INC	$1,072,000	–	15,292	–	0.84%	–
MSFT	New	MICROSOFT CORP	$1,067,000	–	9,781	–	0.83%	–
PEP	New	PEPSICO INCORPORATED	$971,000	–	8,634	–	0.76%	–
BX	New	BLACKSTONE GROUP LP LP	$830,000	–	23,282	–	0.65%	–
EPD	New	ENTERPRISE PRODUCTS LP	$728,000	–	25,220	–	0.57%	–
GABC	New	GERMAN AMERICAN BANC	$605,000	–	16,367	–	0.47%	–
JPM	New	JPMORGAN CHASE & CO	$594,000	–	5,201	–	0.46%	–
NLSN	New	NIELSEN HOLDINGS PLC F	$465,000	–	18,336	–	0.36%	–
MA	New	MASTERCARD INCcl a	$416,000	–	2,051	–	0.32%	–
HYMB	New	SPDR NUVEEN S&P HIGH YIELD MUNI ETFnuv hghyld mun	$375,000	–	6,640	–	0.29%	–
FDX	New	FEDEX CORPORATION	$269,000	–	1,113	–	0.21%	–
SCHV	New	SCHWAB US LARGE CAP VALUE ETFus lcap va etf	$229,000	–	4,169	–	0.18%	–
IPOA	New	SOCIAL CAP HEDOSOPHI CLASS Acl a	$219,000	–	21,994	–	0.17%	–
MDYV	New	SPDR S&P 400 MID CAP VALUE ETF IVs&p 400 mdcp val	$203,000	–	3,831	–	0.16%	–
FOLD	New	AMICUS THERAPEUTICS	$144,000	–	10,426	–	0.11%	–

Q4 2017

			Value		Shares		↓ Weighting
MDYV	Exit	SPDR S&P 400 MID CAP VALUE ETF IVs&p 400 mdcp val	$0	–	-2,125	–	-0.18%	–
LMB	Exit	LIMBACH HOLDINGS INC	$0	–	-16,281	–	-0.19%	–
SCHX	Exit	SCHWAB US LARGE CAP VALUE ETFus lrg cap etf	$0	–	-4,269	–	-0.19%	–
PGX	Exit	POWERSHARES PREFERRED PORTFOLIO ETFpfd portfolio	$0	–	-15,710	–	-0.20%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-1,134	–	-0.21%	–
ANTM	Exit	ANTHEM INC	$0	–	-1,454	–	-0.27%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-9,600	–	-0.29%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-3,228	–	-0.32%	–
WSM	Exit	WILLIAMS SONOMA	$0	–	-7,559	–	-0.33%	–
O	Exit	REALTY INCM CORP	$0	–	-6,888	–	-0.33%	–
HYMB	Exit	SPDR NUVEEN S&P HIGH YIELD MUNI ETFnuv hghyld mun	$0	–	-7,125	–	-0.34%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-2,825	–	-0.36%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-5,070	–	-0.36%	–
VDTH	Exit	VIDEOCON D2H LTDadr	$0	–	-51,323	–	-0.38%	–
EPD	Exit	ENTERPRISE PRODUCTS LP	$0	–	-18,836	–	-0.39%	–
EVI	Exit	ENVIROSTAR INC	$0	–	-19,452	–	-0.43%	–
EXPE	Exit	EXPEDIA INC	$0	–	-4,432	–	-0.46%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-7,395	–	-0.48%	–
GABC	Exit	GERMAN AMERICAN BANC	$0	–	-16,993	–	-0.51%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-6,768	–	-0.56%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-23,722	–	-0.61%	–
AMT	Exit	AMERICAN TOWER CORP REIT	$0	–	-4,876	–	-0.62%	–
BX	Exit	BLACKSTONE GROUP LP LP	$0	–	-23,378	–	-0.62%	–
ADS	Exit	ALLIANCE DATA SYSTEM	$0	–	-3,491	–	-0.68%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-12,151	–	-0.68%	–
PCLN	Exit	PRICELINE GROUP	$0	–	-470	–	-0.69%	–
SRCL	Exit	STERICYCLE INC	$0	–	-14,334	–	-0.78%	–
EEP	Exit	ENBRIDGE INC F	$0	–	-26,224	–	-0.78%	–
DSL	Exit	DOUBLELINE INCOME SOLUTI	$0	–	-45,976	–	-0.79%	–
CMPR	Exit	CIMPRESS F	$0	–	-8,147	–	-0.84%	–
AGN	Exit	ALLERGAN PLC F	$0	–	-8,740	–	-1.28%	–
HYD	Exit	VANECK VECTORS HIGH YIELD MUN ETFhigh yld mun etf	$0	–	-53,905	–	-1.44%	–
IBKR	Exit	INTERACTIVE BROKERS GROUP INC	$0	–	-33,658	–	-1.56%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-53,342	–	-1.61%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-13,916	–	-1.66%	–
T	Exit	AT&T INC	$0	–	-58,329	–	-1.68%	–
LOW	Exit	LOWES COS INC	$0	–	-25,041	–	-1.70%	–
APU	Exit	AMERIGAS PARTNERS, L LPunit l p int	$0	–	-46,283	–	-1.77%	–
NLY	Exit	ANNALY CAPITAL MGMT REIT	$0	–	-181,559	–	-1.78%	–
FOXA	Exit	21ST CENT FOX CLASS Bcl a	$0	–	-77,040	–	-1.80%	–
SCHZ	Exit	SCHWAB US AGGREGATE BONDETFus aggregate b	$0	–	-40,417	–	-1.80%	–
PSX	Exit	PHILLIPS 66	$0	–	-23,485	–	-1.86%	–
SEP	Exit	SPECTRA ENERGY LP	$0	–	-60,721	–	-2.08%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-141,599	–	-2.17%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-54,496	–	-2.44%	–
	Exit	QUALCOM INC	$0	–	-43,621	–	-2.46%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-33,564	–	-2.55%	–
VZ	Exit	VERIZON COMMUNICATION	$0	–	-70,258	–	-2.66%	–
DIS	Exit	WALT DISNEY CO	$0	–	-33,824	–	-2.98%	–
BKLN	Exit	POWERSHARES SENIOR LOAN ETFsenior ln port	$0	–	-156,002	–	-3.07%	–
	Exit	AMERISOURCEBERGEN CO	$0	–	-48,371	–	-3.12%	–
PM	Exit	PHILIP MORRIS INTL	$0	–	-36,679	–	-3.22%	–
WFC	Exit	WELLS FARGO BK N A	$0	–	-71,053	–	-3.28%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-42,854	–	-3.34%	–
HCP	Exit	HCP INC REIT REIT	$0	–	-146,389	–	-3.38%	–
AIG	Exit	AMERICAN INTL GROUP	$0	–	-66,261	–	-3.48%	–
AAPL	Exit	APPLE INC	$0	–	-24,713	–	-3.62%	–
GM	Exit	GENERAL MOTORS CO	$0	–	-107,045	–	-3.94%	–
CLNS	Exit	COLONY NORTHSTAR INC	$0	–	-385,554	–	-4.11%	–
COTY	Exit	COTY INC CLASS A	$0	–	-311,640	–	-4.52%	–
BRKB	Exit	BERKSHIRE HATHAWAY CLASS Bcl b new	$0	–	-28,854	–	-4.52%	–
DG	Exit	DOLLAR GENERAL CORP	$0	–	-73,281	–	-5.22%	–

Q3 2017

			Value		Shares		↓ Weighting
DG	Buy	DOLLAR GENERAL CORP	$6,100,000	+12.2%	73,281	+1.8%	5.22%	+1.4%
BRKB	Sell	BERKSHIRE HATHAWAY CLASS Bcl b new	$5,290,000	+3.2%	28,854	-1.3%	4.52%	-6.7%
COTY	Buy	COTY INC CLASS A	$5,282,000	-2.5%	311,640	+12.1%	4.52%	-11.8%
CLNS	New	COLONY NORTHSTAR INC	$4,804,000	–	385,554	–	4.11%	–
GM	Sell	GENERAL MOTORS CO	$4,602,000	+22.1%	107,045	-0.8%	3.94%	+10.4%
AAPL	Sell	APPLE INC	$4,234,000	+6.2%	24,713	-2.4%	3.62%	-4.0%
AIG	Buy	AMERICAN INTL GROUP	$4,072,000	+13.7%	66,261	+15.9%	3.48%	+2.8%
HCP	Buy	HCP INC REIT REIT	$3,955,000	+1.7%	146,389	+10.2%	3.38%	-8.1%
WMT	Sell	WAL-MART STORES INC	$3,903,000	+11.4%	42,854	-1.7%	3.34%	+0.7%
WFC	Buy	WELLS FARGO BK N A	$3,839,000	+5.5%	71,053	+1.4%	3.28%	-4.6%
PM	Sell	PHILIP MORRIS INTL	$3,767,000	-22.8%	36,679	-13.6%	3.22%	-30.2%
	Buy	AMERISOURCEBERGEN CO	$3,647,000	-1.2%	48,371	+4.8%	3.12%	-10.7%
BKLN	Sell	POWERSHARES SENIOR LOAN ETFsenior ln port	$3,588,000	-1.8%	156,002	-1.2%	3.07%	-11.2%
DIS	Buy	WALT DISNEY CO	$3,489,000	+40.1%	33,824	+38.5%	2.98%	+26.7%
VZ	Buy	VERIZON COMMUNICATION	$3,106,000	-1.8%	70,258	+6.8%	2.66%	-11.2%
PG	Sell	PROCTER & GAMBLE	$2,982,000	-3.6%	33,564	-0.9%	2.55%	-12.9%
	Buy	QUALCOM INC	$2,879,000	+56.8%	43,621	+25.2%	2.46%	+41.7%
SO	Sell	SOUTHERN COMPANY	$2,850,000	+7.5%	54,496	-0.5%	2.44%	-2.8%
GE	Buy	GENERAL ELECTRIC CO	$2,534,000	+333.2%	141,599	+509.1%	2.17%	+291.2%
SEP	Buy	SPECTRA ENERGY LP	$2,434,000	-2.4%	60,721	+8.2%	2.08%	-11.8%
PSX	Sell	PHILLIPS 66	$2,180,000	+7.2%	23,485	-3.7%	1.86%	-3.1%
SCHZ	Sell	SCHWAB US AGGREGATE BONDETFus aggregate b	$2,105,000	-3.4%	40,417	-2.6%	1.80%	-12.7%
FOXA	Buy	21ST CENT FOX CLASS Bcl a	$2,103,000	+111.6%	77,040	+115.6%	1.80%	+91.2%
NLY	Buy	ANNALY CAPITAL MGMT REIT	$2,086,000	-5.4%	181,559	+0.8%	1.78%	-14.5%
APU	Buy	AMERIGAS PARTNERS, L LPunit l p int	$2,070,000	+10.6%	46,283	+8.0%	1.77%	+0.1%
LOW	Buy	LOWES COS INC	$1,984,000	+11.2%	25,041	+8.4%	1.70%	+0.5%
T	Buy	AT&T INC	$1,966,000	+56.0%	58,329	+76.3%	1.68%	+41.1%
JNJ	Buy	JOHNSON & JOHNSON	$1,941,000	+6.0%	13,916	+1.1%	1.66%	-4.2%
PFE	Sell	PFIZER INCORPORATED	$1,887,000	+6.2%	53,342	-0.2%	1.61%	-4.0%
IBKR	Sell	INTERACTIVE BROKERS GROUP INC	$1,819,000	+32.6%	33,658	-0.2%	1.56%	+19.9%
HYD	Sell	VANECK VECTORS HIGH YIELD MUN ETFhigh yld mun etf	$1,683,000	-2.3%	53,905	-3.0%	1.44%	-11.6%
AGN	Buy	ALLERGAN PLC F	$1,501,000	-19.9%	8,740	+8.7%	1.28%	-27.5%
CMPR	Sell	CIMPRESS F	$978,000	-1.9%	8,147	-28.0%	0.84%	-11.2%
DSL	Sell	DOUBLELINE INCOME SOLUTI	$919,000	-5.3%	45,976	-2.6%	0.79%	-14.4%
EEP	New	ENBRIDGE INC F	$917,000	–	26,224	–	0.78%	–
SRCL	Sell	STERICYCLE INC	$910,000	-13.4%	14,334	-3.1%	0.78%	-21.7%
PCLN	New	PRICELINE GROUP	$808,000	–	470	–	0.69%	–
MO	Buy	ALTRIA GROUP INC	$798,000	+4.7%	12,151	+2.5%	0.68%	-5.3%
ADS	New	ALLIANCE DATA SYSTEM	$789,000	–	3,491	–	0.68%	–
BX	Buy	BLACKSTONE GROUP LP LP	$729,000	-1.9%	23,378	+0.5%	0.62%	-11.2%
TRIP	New	TRIPADVISOR INC	$713,000	–	23,722	–	0.61%	–
JPM	Sell	JPMORGAN CHASE & CO	$658,000	-20.2%	6,768	-25.0%	0.56%	-27.9%
HCA	New	HCA HEALTHCARE INC	$562,000	–	7,395	–	0.48%	–
EXPE	New	EXPEDIA INC	$541,000	–	4,432	–	0.46%	–
EVI	Buy	ENVIROSTAR INC	$507,000	+112.1%	19,452	+122.5%	0.43%	+92.0%
EPD	New	ENTERPRISE PRODUCTS LP	$453,000	–	18,836	–	0.39%	–
VDTH	New	VIDEOCON D2H LTDadr	$438,000	–	51,323	–	0.38%	–
MSFT	Buy	MICROSOFT CORP	$426,000	+20.3%	5,070	+3.7%	0.36%	+8.7%
O	Buy	REALTY INCM CORP	$391,000	+1.3%	6,888	+0.6%	0.33%	-8.5%
WSM	New	WILLIAMS SONOMA	$389,000	–	7,559	–	0.33%	–
GSK	Sell	GLAXOSMITHKLINE PLCsponsored adr	$335,000	-19.9%	9,600	-11.0%	0.29%	-27.5%
PGX	Buy	POWERSHARES PREFERRED PORTFOLIO ETFpfd portfolio	$234,000	+1.3%	15,710	+1.6%	0.20%	-8.7%
LMB	New	LIMBACH HOLDINGS INC	$220,000	–	16,281	–	0.19%	–
MDYV	Sell	SPDR S&P 400 MID CAP VALUE ETF IVs&p 400 mdcp val	$211,000	+5.5%	2,125	-0.6%	0.18%	-4.8%
L100PS	Exit	ARCONIC INC	$0	–	-10,622	–	-0.24%	–
PHB	Exit	POWERSHARES FUND YIELD CORP ETFfdm hg yld rafi	$0	–	-18,730	–	-0.33%	–
F	Exit	FORD MOTOR COMPANY	$0	–	-41,158	–	-0.42%	–
AMGN	Exit	AMGEN INCORPORATED	$0	–	-8,713	–	-1.40%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-34,203	–	-2.34%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG	$0	–	-43,612	–	-2.51%	–

Q2 2017

			Value		Shares		↓ Weighting
DG	New	DOLLAR GENERAL CORP	$5,435,000	–	71,999	–	5.14%	–
COTY	New	COTY INC	$5,416,000	–	278,035	–	5.12%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$5,126,000	–	29,237	–	4.85%	–
PM	New	PHILIP MORRIS INTL	$4,877,000	–	42,456	–	4.62%	–
AAPL	New	APPLE INC	$3,986,000	–	25,316	–	3.77%	–
HCP	New	HCP INC REIT	$3,889,000	–	132,877	–	3.68%	–
GM	New	GENERAL MOTORS CO	$3,768,000	–	107,888	–	3.56%	–
	New	AMERISOURCEBERGEN CO	$3,692,000	–	46,144	–	3.49%	–
BKLN	New	POWERSHARES SENIOR LOAN ETFsenior ln port	$3,655,000	–	157,840	–	3.46%	–
WFC	New	WELLS FARGO BK N A	$3,639,000	–	70,072	–	3.44%	–
AIG	New	AMERICAN INTL GROUP	$3,582,000	–	57,187	–	3.39%	–
WMT	New	WAL-MART STORES INC	$3,504,000	–	43,583	–	3.32%	–
VZ	New	VERIZON COMMUNICATION	$3,162,000	–	65,808	–	2.99%	–
PG	New	PROCTER & GAMBLE	$3,094,000	–	33,875	–	2.93%	–
ESRX	New	EXPRESS SCRIPTS HLDG	$2,652,000	–	43,612	–	2.51%	–
SO	New	SOUTHERN COMPANY	$2,650,000	–	54,743	–	2.51%	–
SEP	New	SPECTRA ENERGY LP	$2,495,000	–	56,119	–	2.36%	–
DIS	New	WALT DISNEY CO	$2,490,000	–	24,416	–	2.36%	–
GILD	New	GILEAD SCIENCES INC	$2,476,000	–	34,203	–	2.34%	–
NLY	New	ANNALY CAPITAL MGMT REIT	$2,205,000	–	180,032	–	2.09%	–
SCHZ	New	SCHWAB US AGGREGATE BONDETFus aggregate b	$2,179,000	–	41,507	–	2.06%	–
PSX	New	PHILLIPS 66	$2,034,000	–	24,384	–	1.92%	–
AGN	New	ALLERGAN PLC	$1,873,000	–	8,044	–	1.77%	–
APU	New	AMERIGAS PARTNERS LPunit l p int	$1,871,000	–	42,860	–	1.77%	–
	New	QUALCOM INC	$1,836,000	–	34,839	–	1.74%	–
JNJ	New	JOHNSON & JOHNSON	$1,831,000	–	13,764	–	1.73%	–
LOW	New	LOWES COS INC	$1,784,000	–	23,103	–	1.69%	–
PFE	New	PFIZER INCORPORATED	$1,777,000	–	53,464	–	1.68%	–
HYD	New	VANECK VECTORS ETF TRhigh yld mun etf	$1,722,000	–	55,548	–	1.63%	–
AMGN	New	AMGEN INCORPORATED	$1,476,000	–	8,713	–	1.40%	–
IBKR	New	INTERACTIVE BROKERS GROUP INC	$1,372,000	–	33,729	–	1.30%	–
T	New	AT&T INC	$1,260,000	–	33,093	–	1.19%	–
SRCL	New	STERICYCLE INC	$1,051,000	–	14,798	–	0.99%	–
CMPR	New	CIMPRESS NV	$997,000	–	11,319	–	0.94%	–
FOXA	New	TWENTY FIRST CENTURY FOX INCcl a	$994,000	–	35,739	–	0.94%	–
DSL	New	DOUBLELINE INCOME SOLUTIONS	$970,000	–	47,194	–	0.92%	–
JPM	New	JPMORGAN CHASE & CO	$825,000	–	9,028	–	0.78%	–
MO	New	ALTRIA GROUP INC	$762,000	–	11,855	–	0.72%	–
BX	New	BLACKSTONE GROUP LP	$743,000	–	23,264	–	0.70%	–
AMT	New	AMERICAN TOWER CORP REIT	$666,000	–	4,876	–	0.63%	–
GE	New	GENERAL ELECTRIC CO	$585,000	–	23,246	–	0.55%	–
GABC	New	GERMAN AMERICAN BANC	$537,000	–	16,993	–	0.51%	–
F	New	FORD MOTOR COMPANY	$443,000	–	41,158	–	0.42%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$418,000	–	10,792	–	0.40%	–
HYMB	New	SPDR NUVEEN S&P HIGH YIELD MUNI ETFnuv hghyld mun	$407,000	–	7,125	–	0.38%	–
O	New	REALTY INCM CORP	$386,000	–	6,849	–	0.36%	–
PEP	New	PEPSICO INCORPORATED	$376,000	–	3,228	–	0.36%	–
MA	New	MASTERCARD INCcl a	$363,000	–	2,825	–	0.34%	–
MSFT	New	MICROSOFT CORP	$354,000	–	4,887	–	0.34%	–
PHB	New	POWERSHARES FUND YIELD CORP ETFfdm hg yld rafi	$353,000	–	18,730	–	0.33%	–
ANTM	New	ANTHEM INC	$275,000	–	1,454	–	0.26%	–
L100PS	New	ARCONIC INC	$254,000	–	10,622	–	0.24%	–
EVI	New	ENVIROSTAR INC	$239,000	–	8,741	–	0.23%	–
FDX	New	FEDEX CORPORATION	$232,000	–	1,134	–	0.22%	–
PGX	New	POWERSHARES PREFERRED PORTFOLIO ETFpfd portfolio	$231,000	–	15,460	–	0.22%	–
SCHX	New	SCHWAB US LARGE CAP VALUE ETFus lrg cap etf	$214,000	–	4,269	–	0.20%	–
MDYV	New	SPDR S&P 400 MID CAP VALUE ETF IVs&p 400 mdcp val	$200,000	–	2,137	–	0.19%	–

Q4 2016

			Value		Shares		↓ Weighting
SNH	Exit	SENIOR HSG PPTY TRsh ben int	$0	–	-9,850	–	-0.18%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG	$0	–	-31,140	–	-0.18%	–
ERH	Exit	WELLS FARGO UTLTS AND HGwf utilities inc	$0	–	-18,952	–	-0.19%	–
DNOW	Exit	NOW INC	$0	–	-10,357	–	-0.19%	–
FCAU	Exit	FIAT CHRYSLER AUTO	$0	–	-36,479	–	-0.20%	–
MDYV	Exit	SPDR S&P 400 MID CAP VALUE ETF IVs&p 400 mdcp val	$0	–	-3,218	–	-0.23%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-4,789	–	-0.23%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-2,878	–	-0.25%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-3,062	–	-0.26%	–
SCHX	Exit	SCHWAB US LARGE CAP VALUE ETFus lrg cap etf	$0	–	-7,648	–	-0.29%	–
PEP	Exit	PEPSICO INCORPORATED	$0	–	-3,228	–	-0.29%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-20,463	–	-0.30%	–
PGX	Exit	POWERSHARES PREFERRED PORTFOLIO ETFpfd portfolio	$0	–	-25,088	–	-0.31%	–
LOW	Exit	LOWES COS INC	$0	–	-5,100	–	-0.31%	–
CFR	Exit	CULLEN FROST BANKERS	$0	–	-5,914	–	-0.36%	–
MRK	Exit	MERCK & CO INC	$0	–	-6,976	–	-0.37%	–
HYMB	Exit	SPDR NUVEEN S&P HIGH YIELD MUNI ETFnuv hghyld mun	$0	–	-7,625	–	-0.38%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-6,197	–	-0.38%	–
O	Exit	REALTY INCM CORP	$0	–	-7,266	–	-0.38%	–
GABC	Exit	GERMAN AMERICAN BANC	$0	–	-12,329	–	-0.40%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-11,476	–	-0.42%	–
TD	Exit	TORONTO DOMINION BNK	$0	–	-11,492	–	-0.43%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-12,597	–	-0.45%	–
AMT	Exit	AMERICAN TOWER CORP REIT	$0	–	-5,225	–	-0.51%	–
ANTM	Exit	ANTHEM INC	$0	–	-5,099	–	-0.53%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-9,893	–	-0.57%	–
SEP	Exit	SPECTRA ENERGY LP	$0	–	-15,283	–	-0.57%	–
FIG	Exit	FORTRESS INVT GP LLCcl a	$0	–	-145,218	–	-0.63%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-12,693	–	-0.68%	–
F	Exit	FORD MOTOR COMPANY	$0	–	-68,344	–	-0.69%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-37,803	–	-0.91%	–
SRCL	Exit	STERICYCLE INC	$0	–	-14,208	–	-0.92%	–
PHB	Exit	POWERSHARES FUND YIELD CORP ETFfdm hg yld rafi	$0	–	-58,588	–	-0.94%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-13,959	–	-0.97%	–
BX	Exit	BLACKSTONE GROUP LP	$0	–	-48,225	–	-0.97%	–
IBKR	Exit	INTERACTIVE BROKERS GROUP INC	$0	–	-32,023	–	-0.98%	–
DIS	Exit	WALT DISNEY CO	$0	–	-13,331	–	-1.04%	–
WLL	Exit	WHITING PETROLEUM CO	$0	–	-1,490	–	-1.10%	–
PSX	Exit	PHILLIPS 66	$0	–	-16,665	–	-1.13%	–
T	Exit	A T & T INC	$0	–	-34,699	–	-1.16%	–
AMGN	Exit	AMGEN INCORPORATED	$0	–	-8,418	–	-1.16%	–
NVS	Exit	NOVARTIS AGsponsored adr	$0	–	-18,543	–	-1.20%	–
PFE	Exit	PFIZER INCORPORATED	$0	–	-43,973	–	-1.22%	–
USB	Exit	US BANCORP	$0	–	-40,500	–	-1.48%	–
NLY	Exit	ANNALY CAPITAL MGMT REIT	$0	–	-173,602	–	-1.50%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-15,232	–	-1.53%	–
AGN	Exit	ALLERGAN PLC	$0	–	-8,169	–	-1.58%	–
ABC	Exit	AMERISOURCEBERGEN CO	$0	–	-25,100	–	-1.71%	–
SSYS	Exit	STRATASYS LTD	$0	–	-100	–	-1.77%	–
VNQ	Exit	VANGUARD REIT ETFreit etf	$0	–	-677	–	-1.78%	–
HYD	Exit	VANECK VECTORS HIGH YIELD MUN ETFhigh yld mun etf	$0	–	-66,198	–	-1.78%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-130,572	–	-1.78%	–
BK	Exit	BANK OF NY MELLON CO	$0	–	-60,636	–	-2.04%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-33,113	–	-2.06%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-41,014	–	-2.10%	–
VZ	Exit	VERIZON COMMUNICATN	$0	–	-49,353	–	-2.12%	–
TWX	Exit	TIME WARNER INC	$0	–	-31,683	–	-2.15%	–
WEC	Exit	WEC ENERGY GROUP	$0	–	-456	–	-2.25%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-56,534	–	-2.44%	–
PG	Exit	PROCTER & GAMBLE	$0	–	-35,105	–	-2.65%	–
CWB	Exit	SPDR BARCLAYS CNV SECURITIES ETFbrc cnv secs etf	$0	–	-77,397	–	-3.00%	–
AAPL	Exit	APPLE INC	$0	–	-31,253	–	-3.14%	–
AIG	Exit	AMERICAN INTL GROUP	$0	–	-61,538	–	-3.14%	–
BKLN	Exit	POWERSHARES SENIOR LOAN ETFsenior ln port	$0	–	-159,194	–	-3.14%	–
PM	Exit	PHILIP MORRIS INTL	$0	–	-38,877	–	-3.18%	–
SCHZ	Exit	SCHWAB US AGGREGATE BONDETFus aggregate b	$0	–	-72,588	–	-3.29%	–
GM	Exit	GENERAL MOTORS CO	$0	–	-121,711	–	-3.31%	–
HCP	Exit	HCP INC REIT	$0	–	-107,755	–	-3.33%	–
WFC	Exit	WELLS FARGO BK N A	$0	–	-87,752	–	-3.35%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-59,434	–	-3.47%	–
BRKB	Exit	BERKSHIRE HATHAWAY CLASS Bcl b new	$0	–	-30,729	–	-3.78%	–
TOTL	Exit	SPDR DOUBLELINE TTL RTRNTTCL ETFspdr tr tactic	$0	–	-147,018	–	-6.25%	–

Q3 2016

			Value		Shares		↓ Weighting
TOTL	Buy	SPDR DOUBLELINE TTL RTRNTTCL ETFspdr tr tactic	$7,330,000	+5.0%	147,018	+5.3%	6.25%	-5.2%
BRKB	Buy	BERKSHIRE HATHAWAY CLASS Bcl b new	$4,430,000	+2.2%	30,729	+2.0%	3.78%	-7.7%
WMT	Buy	WAL-MART STORES INC	$4,068,000	-5.7%	59,434	+1.6%	3.47%	-14.8%
WFC	Buy	WELLS FARGO BK N A	$3,923,000	+7.8%	87,752	+15.1%	3.35%	-2.6%
HCP	Buy	HCP INC REIT	$3,905,000	-6.5%	107,755	+1.7%	3.33%	-15.6%
GM	Buy	GENERAL MOTORS CO	$3,878,000	+10.9%	121,711	+8.9%	3.31%	+0.2%
SCHZ	Sell	SCHWAB US AGGREGATE BONDETFus aggregate b	$3,861,000	-2.8%	72,588	-1.8%	3.29%	-12.2%
PM	Sell	PHILIP MORRIS INTL	$3,725,000	-5.0%	38,877	-0.8%	3.18%	-14.2%
BKLN	Buy	POWERSHARES SENIOR LOAN ETFsenior ln port	$3,683,000	+15.6%	159,194	+15.8%	3.14%	+4.5%
AIG	Sell	AMERICAN INTL GROUP	$3,683,000	+4.9%	61,538	-4.0%	3.14%	-5.2%
AAPL	Sell	APPLE INC	$3,676,000	+10.6%	31,253	-0.4%	3.14%	-0.1%
CWB	Sell	SPDR BARCLAYS CNV SECURITIES ETFbrc cnv secs etf	$3,519,000	-3.0%	77,397	-2.9%	3.00%	-12.3%
PG	Buy	PROCTER & GAMBLE	$3,104,000	+3.0%	35,105	+0.6%	2.65%	-7.0%
SO	Sell	SOUTHERN COMPANY	$2,858,000	-7.0%	56,534	-1.1%	2.44%	-16.0%
WEC	New	WEC ENERGY GROUP	$2,632,000	–	456	–	2.25%	–
TWX	Sell	TIME WARNER INC	$2,520,000	+3.4%	31,683	-0.2%	2.15%	-6.6%
VZ	Sell	VERIZON COMMUNICATN	$2,481,000	-8.8%	49,353	-0.7%	2.12%	-17.6%
AXP	Buy	AMERICAN EXPRESS CO	$2,466,000	+3.0%	41,014	+10.0%	2.10%	-7.0%
GILD	Buy	GILEAD SCIENCES INC	$2,408,000	-5.6%	33,113	+4.0%	2.06%	-14.7%
BK	Buy	BANK OF NY MELLON CO	$2,393,000	+15.1%	60,636	+14.3%	2.04%	+4.0%
BAC	Sell	BANK OF AMERICA CORP	$2,089,000	-5.3%	130,572	-15.2%	1.78%	-14.5%
HYD	New	VANECK VECTORS HIGH YIELD MUN ETFhigh yld mun etf	$2,087,000	–	66,198	–	1.78%	–
VNQ	New	VANGUARD REIT ETFreit etf	$2,087,000	–	677	–	1.78%	–
SSYS	New	STRATASYS LTD	$2,079,000	–	100	–	1.77%	–
ABC	Buy	AMERISOURCEBERGEN CO	$2,002,000	+2.9%	25,100	+10.2%	1.71%	-7.0%
AGN	Buy	ALLERGAN PLC	$1,858,000	-2.1%	8,169	+9.4%	1.58%	-11.6%
JNJ	Buy	JOHNSON & JOHNSON	$1,790,000	-6.0%	15,232	+0.4%	1.53%	-15.1%
NLY	Buy	ANNALY CAPITAL MGMT REIT	$1,762,000	-2.1%	173,602	+6.5%	1.50%	-11.5%
USB	Sell	US BANCORP	$1,735,000	+0.7%	40,500	-2.0%	1.48%	-9.0%
PFE	Buy	PFIZER INCORPORATED	$1,436,000	+5.9%	43,973	+20.9%	1.22%	-4.4%
NVS	Sell	NOVARTIS AGsponsored adr	$1,410,000	-9.3%	18,543	-0.8%	1.20%	-18.1%
T	Sell	A T & T INC	$1,360,000	-10.9%	34,699	-1.5%	1.16%	-19.5%
PSX	Buy	PHILLIPS 66	$1,321,000	+203.0%	16,665	+183.2%	1.13%	+173.5%
WLL	New	WHITING PETROLEUM CO	$1,293,000	–	1,490	–	1.10%	–
DIS	Buy	WALT DISNEY CO	$1,217,000	+268.8%	13,331	+284.4%	1.04%	+232.7%
IBKR	Buy	INTERACTIVE BROKERS GROUP INC	$1,150,000	+59.9%	32,023	+56.0%	0.98%	+44.5%
BX	Sell	BLACKSTONE GROUP LP	$1,141,000	-15.1%	48,225	-5.0%	0.97%	-23.2%
SLB	Sell	SCHLUMBERGER LTD	$1,135,000	+0.6%	13,959	-3.3%	0.97%	-9.1%
PHB	Sell	POWERSHARES FUND YIELD CORP ETFfdm hg yld rafi	$1,103,000	+0.7%	58,588	-0.8%	0.94%	-9.0%
SRCL	New	STERICYCLE INC	$1,072,000	–	14,208	–	0.92%	–
GE	Buy	GENERAL ELECTRIC CO	$1,071,000	-6.9%	37,803	+2.2%	0.91%	-15.8%
F	Sell	FORD MOTOR COMPANY	$813,000	-5.9%	68,344	-1.5%	0.69%	-15.0%
MO	Sell	ALTRIA GROUP INC	$792,000	-8.4%	12,693	-0.8%	0.68%	-17.3%
FIG	New	FORTRESS INVT GP LLCcl a	$737,000	–	145,218	–	0.63%	–
SEP	Buy	SPECTRA ENERGY LP	$668,000	+0.6%	15,283	+11.9%	0.57%	-9.1%
JPM	Sell	JPMORGAN CHASE & CO	$667,000	+4.5%	9,893	-1.2%	0.57%	-5.6%
AMT	Sell	AMERICAN TOWER CORP REIT	$595,000	-2.8%	5,225	-0.6%	0.51%	-12.1%
COP	Sell	CONOCOPHILLIPS	$524,000	-1.7%	12,597	-6.5%	0.45%	-11.1%
GSK	Sell	GLAXOSMITHKLINE PLCsponsored adr	$489,000	-8.4%	11,476	-2.7%	0.42%	-17.3%
GABC	Sell	GERMAN AMERICAN BANC	$471,000	+4.2%	12,329	-6.1%	0.40%	-5.9%
CL	Sell	COLGATE-PALMOLIVE CO	$448,000	-4.7%	6,197	-1.0%	0.38%	-14.0%
MRK	Sell	MERCK & CO INC	$433,000	+5.6%	6,976	-0.1%	0.37%	-4.7%
CFR	Sell	CULLEN FROST BANKERS	$426,000	-5.3%	5,914	-12.4%	0.36%	-14.6%
LOW	New	LOWES COS INC	$363,000	–	5,100	–	0.31%	–
PGX	Buy	POWERSHARES PREFERRED PORTFOLIO ETFpfd portfolio	$359,000	-2.7%	25,088	+4.2%	0.31%	-12.3%
MU	Sell	MICRON TECHNOLOGY INC	$350,000	+0.3%	20,463	-20.3%	0.30%	-9.4%
MSFT	Buy	MICROSOFT CORP	$274,000	+8.3%	4,789	+6.5%	0.23%	-2.1%
MDYV	Sell	SPDR S&P 400 MID CAP VALUE ETF IVs&p 400 mdcp val	$271,000	-12.3%	3,218	-10.8%	0.23%	-20.9%
FCAU	Sell	FIAT CHRYSLER AUTO	$229,000	-6.1%	36,479	-5.2%	0.20%	-15.2%
ERH	Buy	WELLS FARGO UTLTS AND HGwf utilities inc	$224,000	-8.6%	18,952	+3.8%	0.19%	-17.3%
ESRX	Buy	EXPRESS SCRIPTS HLDG	$217,000	-86.8%	31,140	+44.3%	0.18%	-88.1%
SNH	Sell	SENIOR HSG PPTY TRsh ben int	$215,000	-2.3%	9,850	-0.6%	0.18%	-12.0%
UL	Exit	UNILEVER PLCspon adr new	$0	–	-4,506	–	-0.20%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-14,688	–	-0.63%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-12,629	–	-0.91%	–

Q2 2016

			Value		Shares		↓ Weighting
TOTL	New	SPDR DOUBLELINE TTL RTRNTTCL ETFspdr tr tactic	$6,982,000	–	139,617	–	6.59%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$4,335,000	–	30,134	–	4.09%	–
WMT	New	WAL-MART STORES INC	$4,313,000	–	58,477	–	4.07%	–
HCP	New	HCP INC REIT	$4,178,000	–	105,907	–	3.95%	–
SCHZ	New	SCHWAB US AGGREGATE BONDETFus aggregate b	$3,971,000	–	73,882	–	3.75%	–
PM	New	PHILIP MORRIS INTL	$3,920,000	–	39,179	–	3.70%	–
WFC	New	WELLS FARGO BK N A	$3,640,000	–	76,216	–	3.44%	–
CWB	New	SPDR BARCLAYS CNV SECURITIES ETFbrc cnv secs etf	$3,628,000	–	79,737	–	3.43%	–
AIG	New	AMERICAN INTL GROUP	$3,510,000	–	64,132	–	3.32%	–
GM	New	GENERAL MOTORS CO	$3,497,000	–	111,751	–	3.30%	–
AAPL	New	APPLE INC	$3,324,000	–	31,390	–	3.14%	–
BKLN	New	POWERSHARES SENIOR LOAN ETFsenior ln port	$3,185,000	–	137,512	–	3.01%	–
SO	New	SOUTHERN COMPANY	$3,073,000	–	57,172	–	2.90%	–
PG	New	PROCTER & GAMBLE	$3,013,000	–	34,893	–	2.85%	–
VZ	New	VERIZON COMMUNICATN	$2,720,000	–	49,712	–	2.57%	–
GILD	New	GILEAD SCIENCES INC	$2,551,000	–	31,833	–	2.41%	–
TWX	New	TIME WARNER INC	$2,438,000	–	31,750	–	2.30%	–
AXP	New	AMERICAN EXPRESS CO	$2,395,000	–	37,295	–	2.26%	–
BAC	New	BANK OF AMERICA CORP	$2,206,000	–	153,895	–	2.08%	–
BK	New	BANK OF NY MELLON CO	$2,079,000	–	53,040	–	1.96%	–
ABC	New	AMERISOURCEBERGEN CO	$1,945,000	–	22,770	–	1.84%	–
JNJ	New	JOHNSON & JOHNSON	$1,904,000	–	15,175	–	1.80%	–
AGN	New	ALLERGAN PLC	$1,897,000	–	7,467	–	1.79%	–
NLY	New	ANNALY CAPITAL MGMT REIT	$1,799,000	–	162,970	–	1.70%	–
USB	New	U S BANCORP	$1,723,000	–	41,343	–	1.63%	–
ESRX	New	EXPRESS SCRIPTS HLDG	$1,648,000	–	21,573	–	1.56%	–
NVS	New	NOVARTIS AGsponsored adr	$1,554,000	–	18,685	–	1.47%	–
T	New	AT&T INC	$1,526,000	–	35,243	–	1.44%	–
AMGN	New	AMGEN INCORPORATED	$1,466,000	–	8,418	–	1.38%	–
PFE	New	PFIZER INCORPORATED	$1,356,000	–	36,357	–	1.28%	–
BX	New	BLACKSTONE GROUP LP	$1,344,000	–	50,749	–	1.27%	–
GE	New	GENERAL ELECTRIC CO	$1,150,000	–	36,981	–	1.09%	–
SLB	New	SCHLUMBERGER LTD	$1,128,000	–	14,433	–	1.06%	–
PHB	New	POWERSHARES FUND YIELD CORP ETFfdm hg yld rafi	$1,095,000	–	59,054	–	1.03%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$962,000	–	12,629	–	0.91%	–
MO	New	ALTRIA GROUP INC	$865,000	–	12,800	–	0.82%	–
F	New	FORD MOTOR COMPANY	$864,000	–	69,370	–	0.82%	–
IBKR	New	INTERACTIVE BROKERS GROUP INC	$719,000	–	20,523	–	0.68%	–
ABT	New	ABBOTT LABORATORIES	$666,000	–	14,688	–	0.63%	–
SEP	New	SPECTRA ENERGY LP	$664,000	–	13,652	–	0.63%	–
ANTM	New	ANTHEM INC	$652,000	–	5,099	–	0.62%	–
JPM	New	JPMORGAN CHASE & CO	$638,000	–	10,015	–	0.60%	–
AMT	New	AMERICAN TOWER CORP REIT	$612,000	–	5,255	–	0.58%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$534,000	–	11,800	–	0.50%	–
COP	New	CONOCOPHILLIPS	$533,000	–	13,473	–	0.50%	–
O	New	REALTY INCM CORP	$523,000	–	7,266	–	0.49%	–
TD	New	TORONTO DOMINION BNK	$496,000	–	11,492	–	0.47%	–
CL	New	COLGATE-PALMOLIVE CO	$470,000	–	6,262	–	0.44%	–
HYMB	New	SPDR NUVEEN S&P HIGH YIELD MUNI ETFnuv hghyld mun	$452,000	–	7,625	–	0.43%	–
GABC	New	GERMAN AMERICAN BANC	$452,000	–	13,129	–	0.43%	–
CFR	New	CULLEN FROST BANKERS	$450,000	–	6,749	–	0.42%	–
PSX	New	PHILLIPS 66	$436,000	–	5,884	–	0.41%	–
MRK	New	MERCK & CO INC	$410,000	–	6,984	–	0.39%	–
PGX	New	POWERSHARES PREFERRED PORTFOLIO ETFpfd portfolio	$369,000	–	24,088	–	0.35%	–
PEP	New	PEPSICO INCORPORATED	$351,000	–	3,228	–	0.33%	–
SCHX	New	SCHWAB US LARGE CAP VALUE ETFus lrg cap etf	$350,000	–	7,648	–	0.33%	–
MU	New	MICRON TECHNOLOGY INC	$349,000	–	25,678	–	0.33%	–
DIS	New	WALT DISNEY CO	$330,000	–	3,468	–	0.31%	–
MDYV	New	SPDR S&P 400 MID CAP VALUE ETF IVs&p 400 mdcp val	$309,000	–	3,608	–	0.29%	–
CVX	New	CHEVRON CORPORATION	$303,000	–	3,062	–	0.29%	–
MA	New	MASTERCARD INCcl a	$273,000	–	2,878	–	0.26%	–
MSFT	New	MICROSOFT CORP	$253,000	–	4,498	–	0.24%	–
ERH	New	WELLS FARGO UTLTS AND HGwf utilities inc	$245,000	–	18,259	–	0.23%	–
FCAU	New	FIAT CHRYSLER AUTO	$244,000	–	38,477	–	0.23%	–
SNH	New	SENIOR HSG PPTY TRsh ben int	$220,000	–	9,914	–	0.21%	–
UL	New	UNILEVER PLCspon adr new	$209,000	–	4,506	–	0.20%	–
DNOW	New	NOW INC	$186,000	–	10,357	–	0.18%	–

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Export Arbor Wealth Management, LLC's holdings