Brown Advisory Securities 13F-HR/A Quarterly holdings report by institutional manager (amended)

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M CO	COM	88579Y101	1,652	10,025	SH		DFND		0	0	10,025
ABBOTT LABS	COM	002824100	1,210	25,969	SH		DFND		0	0	25,969
ABBVIE INC	COM	00287Y109	2,589	44,168	SH		DFND		0	0	44,168
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	2,623	28,058	SH		DFND		0	0	28,058
ACE LTD	SHS	H0023R105	218	1,977	SH		DFND		0	0	1,977
ACNB CORP	COM	000868109	314	15,659	SH		DFND		0	0	15,659
ACUITY BRANDS INC	COM	00508Y102	293	1,743	SH		DFND		0	0	1,743
AFFILIATED MANAGERS GROUP	COM	008252108	315	1,463	SH		DFND		0	0	1,463
AIR LEASE CORP	NOTE 3.875%12/0	00912XAK0	21	15,000	PRN		DFND		0	0	15,000
AIR PRODS & CHEMS INC	COM	009158106	466	3,080	SH		DFND		0	0	3,080
ALEXION PHARMACEUTICALS INC	COM	015351109	406	2,335	SH		DFND		0	0	2,335
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	1,239	14,927	SH		DFND		0	0	14,927
ALTRIA GROUP INC	COM	02209S103	1,235	24,624	SH		DFND		0	0	24,624
AMAZON COM INC	COM	023135106	2,822	7,585	SH		DFND		0	0	7,585
AMERICAN EXPRESS CO	COM	025816109	2,547	32,561	SH		DFND		0	0	32,561
AMERICAN TOWER CORP NEW	COM	03027X100	2,023	21,473	SH		DFND		0	0	21,473
AMETEK INC NEW	COM	031100100	359	6,829	SH		DFND		0	0	6,829
AMGEN INC	COM	031162100	456	2,843	SH		DFND		0	0	2,843
AMPHENOL CORP NEW	CL A	032095101	406	6,854	SH		DFND		0	0	6,854
ANADARKO PETE CORP	COM	032511107	726	8,771	SH		DFND		0	0	8,771
ANSYS INC	COM	03662Q105	210	2,413	SH		DFND		0	0	2,413
ANTARES PHARMA INC	COM	036642106	76	28,137	SH		DFND		0	0	28,137
ANTHEM INC	COM	036752103	211	1,368	SH		DFND		0	0	1,368
AON PLC	SHS CL A	G0408V102	274	2,857	SH		DFND		0	0	2,857
APACHE CORP	COM	037411105	529	8,810	SH		DFND		0	0	8,810
APPLE INC	COM	037833100	16,878	135,624	SH		DFND		0	0	135,624
AT&T INC	COM	00206R102	2,264	69,231	SH		DFND		0	0	69,231
AUTOMATIC DATA PROCESSING IN	COM	053015103	412	4,800	SH		DFND		0	0	4,800
AVALONBAY CMNTYS INC	COM	053484101	535	3,076	SH		DFND		0	0	3,076
BAIDU INC	SPON ADR REP A	056752108	712	3,417	SH		DFND		0	0	3,417
BANK AMER CORP	COM	060505104	415	27,195	SH		DFND		0	0	27,195
BANK NEW YORK MELLON CORP	COM	064058100	202	5,050	SH		DFND		0	0	5,050
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	218	1	SH		DFND		0	0	1
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	4,772	33,092	SH		DFND		0	0	33,092
BIOMARIN PHARMACEUTICAL INC	NOTE 0.750%10/1	09061GAE1	33	23,000	PRN		DFND		0	0	23,000
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	255	6,573	SH		DFND		0	0	6,573
BOEING CO	COM	097023105	440	2,930	SH		DFND		0	0	2,930
BOTTOMLINE TECH DEL INC	NOTE 1.500%12/0	101388AA4	18	17,000	PRN		DFND		0	0	17,000
BP PLC	SPONSORED ADR	055622104	460	11,776	SH		DFND		0	0	11,776
BRIGHT HORIZONS FAM SOL IN D	COM	109194100	479	9,345	SH		DFND		0	0	9,345
BRISTOL MYERS SQUIBB CO	COM	110122108	2,533	39,203	SH		DFND		0	0	39,203
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	975	18,184	SH		DFND		0	0	18,184
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	G16252101	403	8,838	SH		DFND		0	0	8,838
CANADIAN NATL RY CO	COM	136375102	612	9,164	SH		DFND		0	0	9,164
CANADIAN PAC RY LTD	COM	13645T100	216	1,179	SH		DFND		0	0	1,179
CARLYLE GROUP L P	COM UTS LTD PTN	14309L102	388	14,330	SH		DFND		0	0	14,330
CATERPILLAR INC DEL	COM	149123101	1,106	13,854	SH		DFND		0	0	13,854
CELGENE CORP	COM	151020104	382	3,319	SH		DFND		0	0	3,319
CHART INDS INC	NOTE 2.000% 8/0	16115QAC4	16	16,000	PRN		DFND		0	0	16,000
CHESAPEAKE ENERGY CORP	NOTE 2.750%11/1	165167BW6	24	24,000	PRN		DFND		0	0	24,000
CHESAPEAKE ENERGY CORP	PFD CONV	165167842	321	3,650	SH		DFND		0	0	3,650
CHEVRON CORP NEW	COM	166764100	2,045	19,545	SH		DFND		0	0	19,545
CHUBB CORP	COM	171232101	914	9,036	SH		DFND		0	0	9,036
CIGNA CORPORATION	COM	125509109	472	3,650	SH		DFND		0	0	3,650
CINCINNATI BELL INC NEW	PFD CV DEP1/20	171871403	1,152	23,148	SH		DFND		0	0	23,148
CIRRUS LOGIC INC	COM	172755100	573	17,175	SH		DFND		0	0	17,175
CISCO SYS INC	COM	17275R102	469	16,953	SH		DFND		0	0	16,953
CLOROX CO DEL	COM	189054109	459	4,168	SH		DFND		0	0	4,168
COCA COLA CO	COM	191216100	1,800	44,494	SH		DFND		0	0	44,494
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	552	8,878	SH		DFND		0	0	8,878
COLFAX CORP	COM	194014106	359	7,517	SH		DFND		0	0	7,517
COLGATE PALMOLIVE CO	COM	194162103	941	13,549	SH		DFND		0	0	13,549
COMCAST CORP NEW	CL A	20030N101	267	4,676	SH		DFND		0	0	4,676
CONOCOPHILLIPS	COM	20825C104	584	9,428	SH		DFND		0	0	9,428
COSTCO WHSL CORP NEW	COM	22160K105	1,267	8,332	SH		DFND		0	0	8,332
CVS HEALTH CORP	COM	126650100	884	8,529	SH		DFND		0	0	8,529
DANAHER CORP DEL	COM	235851102	2,562	30,226	SH		DFND		0	0	30,226
DANAHER CORP DEL	NOTE 1/2	235851AF9	39	16,000	PRN		DFND		0	0	16,000
DAVITA HEALTHCARE PARTNERS I	COM	23918K108	2,122	26,144	SH		DFND		0	0	26,144
DEERE & CO	COM	244199105	841	9,580	SH		DFND		0	0	9,580
DEPOMED INC	NOTE 2.500% 9/0	249908AA2	33	24,000	PRN		DFND		0	0	24,000
DIAGEO P L C	SPON ADR NEW	25243Q205	646	5,840	SH		DFND		0	0	5,840
DISNEY WALT CO	COM DISNEY	254687106	1,792	17,103	SH		DFND		0	0	17,103
DOMINION RES INC VA NEW	COM	25746U109	906	12,792	SH		DFND		0	0	12,792
DOUBLELINE OPPORTUNISTIC CR	COM	258623107	315	12,700	SH		DFND		0	0	12,700
DOW CHEM CO	COM	260543103	367	7,632	SH		DFND		0	0	7,632
DU PONT E I DE NEMOURS & CO	COM	263534109	1,248	17,443	SH		DFND		0	0	17,443
DUKE ENERGY CORP NEW	COM NEW	26441C204	1,298	16,902	SH		DFND		0	0	16,902
EASTERLY GOVT PPTYS INC	COM	27616P103	316	19,789	SH		DFND		0	0	19,789
EATON CORP PLC	SHS	G29183103	363	5,343	SH		DFND		0	0	5,343
EATON VANCE TAX MNGD GBL DV	COM	27829F108	140	14,340	SH		DFND		0	0	14,340
EATON VANCE TX MGD DIV EQ IN	COM	27828N102	117	10,245	SH		DFND		0	0	10,245
EBAY INC	COM	278642103	887	15,279	SH		DFND		0	0	15,279
ECOLAB INC	COM	278865100	581	5,097	SH		DFND		0	0	5,097
EDWARDS LIFESCIENCES CORP	COM	28176E108	205	1,440	SH		DFND		0	0	1,440
EMERSON ELEC CO	COM	291011104	871	15,373	SH		DFND		0	0	15,373
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	220	3,489	SH		DFND		0	0	3,489
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	275	4,919	SH		DFND		0	0	4,919
ENTERPRISE PRODS PARTNERS L	COM	293792107	2,211	67,166	SH		DFND		0	0	67,166
EOG RES INC	COM	26875P101	293	3,218	SH		DFND		0	0	3,218
EQUIFAX INC	COM	294429105	2,661	28,606	SH		DFND		0	0	28,606
EXELON CORP	COM	30161N101	363	10,875	SH		DFND		0	0	10,875
EXPRESS SCRIPTS HLDG CO	COM	30219G108	4,209	48,573	SH		DFND		0	0	48,573
EXXON MOBIL CORP	COM	30231G102	6,905	81,189	SH		DFND		0	0	81,189
FACEBOOK INC	CL A	30303M102	2,088	25,424	SH		DFND		0	0	25,424
FAIR ISAAC CORP	COM	303250104	846	9,515	SH		DFND		0	0	9,515
FASTENAL CO	COM	311900104	227	5,467	SH		DFND		0	0	5,467
FIDELITY NATL INFORMATION SV	COM	31620M106	1,227	18,040	SH		DFND		0	0	18,040
FIFTH STREET FINANCE CORP	COM	31678A103	268	36,671	SH		DFND		0	0	36,671
FIRST TR EXCHANGE TRADED FD	DJ GLBL DIVID	33734X200	204	8,100	SH		DFND		0	0	8,100
FIRST TR EXCHANGE TRADED FD	NY ARCA BIOTECH	33733E203	229	1,925	SH		DFND		0	0	1,925
FIRST TR EXCHANGE-TRADED FD	PFD SECS INC ETF	33739E108	244	12,800	SH		DFND		0	0	12,800
FLUIDIGM CORP DEL	NOTE 2.750% 2/0	34385PAA6	11	11,000	PRN		DFND		0	0	11,000
FMC TECHNOLOGIES INC	COM	30249U101	632	17,014	SH		DFND		0	0	17,014
FORD MTR CO DEL	COM PAR $0.01	345370860	193	11,902	SH		DFND		0	0	11,902
GAMESTOP CORP NEW	CL A	36467W109	821	21,644	SH		DFND		0	0	21,644
GARMIN LTD	SHS	H2906T109	326	6,865	SH		DFND		0	0	6,865
GENERAL DYNAMICS CORP	COM	369550108	589	4,336	SH		DFND		0	0	4,336
GENERAL ELECTRIC CO	COM	369604103	3,530	142,423	SH		DFND		0	0	142,423
GENERAL MLS INC	COM	370334104	647	11,440	SH		DFND		0	0	11,440
GILEAD SCIENCES INC	COM	375558103	1,034	10,522	SH		DFND		0	0	10,522
GOLDMAN SACHS GROUP INC	COM	38141G104	204	1,083	SH		DFND		0	0	1,083
GOLUB CAP BDC INC	COM	38173M102	556	31,557	SH		DFND		0	0	31,557
GOOGLE INC	CL A	38259P508	3,723	6,716	SH		DFND		0	0	6,716
GOOGLE INC	CL C	38259P706	3,067	5,612	SH		DFND		0	0	5,612
HCP INC	COM	40414L109	242	5,583	SH		DFND		0	0	5,583
HD SUPPLY HLDGS INC	COM	40416M105	1,450	46,545	SH		DFND		0	0	46,545
HEALTH CARE REIT INC	COM	42217K106	901	11,661	SH		DFND		0	0	11,661
HELIX ENERGY SOLUTIONS GRP I	NOTE 3.250% 3/1	42330PAG2	35	35,000	PRN		DFND		0	0	35,000
HELMERICH & PAYNE INC	COM	423452101	243	3,546	SH		DFND		0	0	3,546
HEXCEL CORP NEW	COM	428291108	247	4,794	SH		DFND		0	0	4,794
HOLOGIC INC	DEBT 2.000% 3/0	436440AC5	20	18,000	PRN		DFND		0	0	18,000
HOME DEPOT INC	COM	437076102	1,049	9,229	SH		DFND		0	0	9,229
HOMEAWAY INC	COM	43739Q100	279	9,282	SH		DFND		0	0	9,282
HONEYWELL INTL INC	COM	438516106	541	5,186	SH		DFND		0	0	5,186
HORIZON TECHNOLOGY FIN CORP	COM	44045A102	340	24,595	SH		DFND		0	0	24,595
INGERSOLL-RAND PLC	SHS	G47791101	390	5,745	SH		DFND		0	0	5,745
INTEL CORP	COM	458140100	2,554	81,594	SH		DFND		0	0	81,594
INTERNATIONAL BUSINESS MACHS	COM	459200101	2,674	16,677	SH		DFND		0	0	16,677
INTUITIVE SURGICAL INC	COM NEW	46120E602	799	1,580	SH		DFND		0	0	1,580
ISHARES	10-20 YR TRS ETF	464288653	225	1,629	SH		DFND		0	0	1,629
ISHARES	IBOXX HI YD ETF	464288513	572	6,302	SH		DFND		0	0	6,302
ISHARES GOLD TRUST	ISHARES	464285105	300	26,085	SH		DFND		0	0	26,085
ISHARES SILVER TRUST	ISHARES	46428Q109	191	11,970	SH		DFND		0	0	11,970
ISHARES TR	1-3 YR TR BD ETF	464287457	639	7,530	SH		DFND		0	0	7,530
ISHARES TR	CORE S&P MCP ETF	464287507	507	3,338	SH		DFND		0	0	3,338
ISHARES TR	CORE S&P SCP ETF	464287804	474	4,033	SH		DFND		0	0	4,033
ISHARES TR	CORE S&P500 ETF	464287200	932	4,482	SH		DFND		0	0	4,482
ISHARES TR	CORE US AGGBD ET	464287226	842	7,562	SH		DFND		0	0	7,562
ISHARES TR	IBOXX INV CP ETF	464287242	762	6,263	SH		DFND		0	0	6,263
ISHARES TR	MSCI EAFE ETF	464287465	510	7,952	SH		DFND		0	0	7,952
ISHARES TR	MSCI EMG MKT ETF	464287234	816	20,335	SH		DFND		0	0	20,335
ISHARES TR	NASDQ BIOTEC ETF	464287556	414	1,206	SH		DFND		0	0	1,206
ISHARES TR	RUS 1000 GRW ETF	464287614	1,396	14,103	SH		DFND		0	0	14,103
ISHARES TR	RUS 1000 VAL ETF	464287598	1,380	13,390	SH		DFND		0	0	13,390
ISHARES TR	RUS 2000 GRW ETF	464287648	201	1,313	SH		DFND		0	0	1,313
ISHARES TR	RUS MID-CAP ETF	464287499	244	1,407	SH		DFND		0	0	1,407
ISHARES TR	RUSSELL 2000 ETF	464287655	376	3,031	SH		DFND		0	0	3,031
ISHARES TR	S&P MC 400GR ETF	464287606	210	1,223	SH		DFND		0	0	1,223
ISHARES TR	SELECT DIVID ETF	464287168	1,291	16,566	SH		DFND		0	0	16,566
ISHARES TR	TIPS BD ETF	464287176	422	3,723	SH		DFND		0	0	3,723
JACOBS ENGR GROUP INC DEL	COM	469814107	506	11,203	SH		DFND		0	0	11,203
JARDEN CORP	NOTE 1.875% 9/1	471109AH1	45	27,000	PRN		DFND		0	0	27,000
JOHNSON & JOHNSON	COM	478160104	5,876	58,480	SH		DFND		0	0	58,480
JOHNSON CTLS INC	COM	478366107	287	5,696	SH		DFND		0	0	5,696
JONES LANG LASALLE INC	COM	48020Q107	263	1,549	SH		DFND		0	0	1,549
JPMORGAN CHASE & CO	COM	46625H100	2,318	38,290	SH		DFND		0	0	38,290
KAYNE ANDERSON MLP INVT CO	COM	486606106	2,256	63,446	SH		DFND		0	0	63,446
KIMBERLY CLARK CORP	COM	494368103	432	4,058	SH		DFND		0	0	4,058
KINDER MORGAN INC DEL	COM	49456B101	4,316	102,675	SH		DFND		0	0	102,675
KRAFT FOODS GROUP INC	COM	50076Q106	616	7,060	SH		DFND		0	0	7,060
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	224	1,766	SH		DFND		0	0	1,766
LAM RESEARCH CORP	NOTE 1.250% 5/1	512807AL2	24	18,000	PRN		DFND		0	0	18,000
LAS VEGAS SANDS CORP	COM	517834107	206	3,700	SH		DFND		0	0	3,700
LAUDER ESTEE COS INC	CL A	518439104	515	6,187	SH		DFND		0	0	6,187
LAZARD LTD	SHS A	G54050102	609	11,605	SH		DFND		0	0	11,605
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	272	5,290	SH		DFND		0	0	5,290
LIBERTY MEDIA CORP DELAWARE	NOTE 1.375%10/1	531229AB8	26	26,000	PRN		DFND		0	0	26,000
LILLY ELI & CO	COM	532457108	382	5,269	SH		DFND		0	0	5,269
LOCKHEED MARTIN CORP	COM	539830109	293	1,444	SH		DFND		0	0	1,444
LOWES COS INC	COM	548661107	278	3,782	SH		DFND		0	0	3,782
M & T BK CORP	COM	55261F104	1,309	10,287	SH		DFND		0	0	10,287
MACQUARIE INFRASTR CO LLC	NOTE 2.875% 7/1	55608BAA3	29	24,000	PRN		DFND		0	0	24,000
MADISON SQUARE GARDEN CO	CL A	55826P100	296	3,508	SH		DFND		0	0	3,508
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	389	5,054	SH		DFND		0	0	5,054
MARKEL CORP	COM	570535104	492	641	SH		DFND		0	0	641
MARKET VECTORS ETF TR	GOLD MINER ETF	57060U100	616	33,930	SH		DFND		0	0	33,930
MARKWEST ENERGY PARTNERS L P	UNIT LTD PARTN	570759100	201	3,039	SH		DFND		0	0	3,039
MASIMO CORP	COM	574795100	247	7,550	SH		DFND		0	0	7,550
MASTERCARD INC	CL A	57636Q104	5,164	59,800	SH		DFND		0	0	59,800
MCCORMICK & CO INC	COM NON VTG	579780206	1,424	18,489	SH		DFND		0	0	18,489
MCCORMICK & CO INC	COM VTG	579780107	1,054	13,571	SH		DFND		0	0	13,571
MCDONALDS CORP	COM	580135101	836	8,586	SH		DFND		0	0	8,586
MCGRAW HILL FINL INC	COM	580645109	487	4,709	SH		DFND		0	0	4,709
MCKESSON CORP	COM	58155Q103	562	2,511	SH		DFND		0	0	2,511
MEAD JOHNSON NUTRITION CO	COM	582839106	623	6,212	SH		DFND		0	0	6,212
MEDTRONIC PLC	SHS	G5960L103	246	3,152	SH		DFND		0	0	3,152
MELCO CROWN ENTMT LTD	ADR	585464100	398	18,600	SH		DFND		0	0	18,600
MERCK & CO INC NEW	COM	58933Y105	3,514	61,180	SH		DFND		0	0	61,180
METLIFE INC	COM	59156R108	1,364	26,966	SH		DFND		0	0	26,966
MGM RESORTS INTERNATIONAL	NOTE 4.250% 4/1	55303QAE0	17	16,000	PRN		DFND		0	0	16,000
MICROCHIP TECHNOLOGY INC	COM	595017104	669	13,661	SH		DFND		0	0	13,661
MICROSOFT CORP	COM	594918104	3,720	91,671	SH		DFND		0	0	91,671
MOBILEYE N V AMSTELVEEN	ORD SHS	N51488117	348	8,300	SH		DFND		0	0	8,300
MOLYCORP INC DEL	COM	608753109	6	27,150	SH		DFND		0	0	27,150
MONDELEZ INTL INC	CL A	609207105	1,429	39,657	SH		DFND		0	0	39,657
NATIONAL OILWELL VARCO INC	COM	637071101	548	10,999	SH		DFND		0	0	10,999
NETFLIX INC	COM	64110L106	233	561	SH		DFND		0	0	561
NEWPARK RES INC	NOTE 4.000%10/0	651718AC2	25	24,000	PRN		DFND		0	0	24,000
NEXTERA ENERGY INC	COM	65339F101	571	5,496	SH		DFND		0	0	5,496
NIELSEN N V	COM	N63218106	244	5,480	SH		DFND		0	0	5,480
NORDSTROM INC	COM	655664100	354	4,414	SH		DFND		0	0	4,414
NORFOLK SOUTHERN CORP	COM	655844108	281	2,728	SH		DFND		0	0	2,728
NORTHERN TIER ENERGY LP	COM UN REPR PART	665826103	253	10,000	SH		DFND		0	0	10,000
NOVARTIS A G	SPONSORED ADR	66987V109	646	6,530	SH		DFND		0	0	6,530
NUANCE COMMUNICATIONS INC	NOTE 2.750%11/0	67020YAF7	24	24,000	PRN		DFND		0	0	24,000
NUSTAR GP HOLDINGS LLC	UNIT RESTG LLC	67059L102	333	9,366	SH		DFND		0	0	9,366
NUVEEN MD PREM INCOME MUN FD	COM	67061Q107	131	10,268	SH		DFND		0	0	10,268
NUVEEN MUN VALUE FD INC	COM	670928100	220	22,285	SH		DFND		0	0	22,285
NXP SEMICONDUCTORS N V	COM	N6596X109	323	3,213	SH		DFND		0	0	3,213
NYMOX PHARMACEUTICAL CORP	COM	67076P102	24	28,000	SH		DFND		0	0	28,000
OAKTREE CAP GROUP LLC	UNIT CL A	674001201	331	6,400	SH		DFND		0	0	6,400
OCCIDENTAL PETE CORP DEL	COM	674599105	547	7,498	SH		DFND		0	0	7,498
OMNICARE INC	NOTE 3.500% 2/1	681904AQ1	43	36,000	PRN		DFND		0	0	36,000
ON SEMICONDUCTOR CORP	NOTE 2.625%12/1	682189AH8	34	25,000	PRN		DFND		0	0	25,000
ORACLE CORP	COM	68389X105	1,445	33,437	SH		DFND		0	0	33,437
PACCAR INC	COM	693718108	209	3,309	SH		DFND		0	0	3,309
PEPSICO INC	COM	713448108	4,127	43,133	SH		DFND		0	0	43,133
PFIZER INC	COM	717081103	1,599	45,955	SH		DFND		0	0	45,955
PHILIP MORRIS INTL INC	COM	718172109	925	12,252	SH		DFND		0	0	12,252
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	576	11,799	SH		DFND		0	0	11,799
PLAINS GP HLDGS L P	SHS A REP LTPN	72651A108	595	21,015	SH		DFND		0	0	21,015
PNC FINL SVCS GROUP INC	COM	693475105	1,238	13,240	SH		DFND		0	0	13,240
POTASH CORP SASK INC	COM	73755L107	330	10,231	SH		DFND		0	0	10,231
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	393	10,339	SH		DFND		0	0	10,339
POWERSHARES ETF TRUST	DWA MOMENTUM PTF	73935X153	929	21,400	SH		DFND		0	0	21,400
POWERSHARES GLOBAL ETF TRUST	AGG PFD PORT	73936T565	168	11,251	SH		DFND		0	0	11,251
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	201	1,908	SH		DFND		0	0	1,908
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	283	10,900	SH		DFND		0	0	10,900
PRAXAIR INC	COM	74005P104	247	2,048	SH		DFND		0	0	2,048
PRICE T ROWE GROUP INC	COM	74144T108	2,679	33,181	SH		DFND		0	0	33,181
PRICELINE GRP INC	COM NEW	741503403	600	516	SH		DFND		0	0	516
PROCTER & GAMBLE CO	COM	742718109	7,226	88,200	SH		DFND		0	0	88,200
QUALCOMM INC	COM	747525103	4,960	71,469	SH		DFND		0	0	71,469
QUANTA SVCS INC	COM	74762E102	303	10,545	SH		DFND		0	0	10,545
REGIONS FINL CORP NEW	COM	7591EP100	232	24,436	SH		DFND		0	0	24,436
ROBERT HALF INTL INC	COM	770323103	289	4,777	SH		DFND		0	0	4,777
RPM INTL INC	NOTE 2.250%12/1	749685AT0	12	11,000	PRN		DFND		0	0	11,000
RYDEX ETF TRUST	GUG RUSS TOP 50	78355W205	378	2,695	SH		DFND		0	0	2,695
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	5,941	73,320	SH		DFND		0	0	73,320
SALESFORCE COM INC	COM	79466L302	1,102	16,501	SH		DFND		0	0	16,501
SALESFORCE COM INC	NOTE 0.250% 4/0	79466LAD6	25	21,000	PRN		DFND		0	0	21,000
SALIENT MIDSTREAM & MLP FD	SH BEN INT	79471V105	238	10,900	SH		DFND		0	0	10,900
SBA COMMUNICATIONS CORP	COM	78388J106	530	4,529	SH		DFND		0	0	4,529
SCHLUMBERGER LTD	COM	806857108	3,830	45,922	SH		DFND		0	0	45,922
SCHWAB CHARLES CORP NEW	COM	808513105	3,612	118,808	SH		DFND		0	0	118,808
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	2,379	47,130	SH		DFND		0	0	47,130
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	296	5,700	SH		DFND		0	0	5,700
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	317	4,060	SH		DFND		0	0	4,060
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	348	14,434	SH		DFND		0	0	14,434
SIGMA ALDRICH CORP	COM	826552101	251	1,815	SH		DFND		0	0	1,815
SOLARCITY CORP	NOTE 2.750%11/0	83416TAA8	21	21,000	PRN		DFND		0	0	21,000
SPDR GOLD TRUST	GOLD SHS	78463V107	265	2,339	SH		DFND		0	0	2,339
SPDR INDEX SHS FDS	S&P EMKTSC ETF	78463X756	693	15,526	SH		DFND		0	0	15,526
SPDR S&P 500 ETF TR	TR UNIT	78462F103	966	4,689	SH		DFND		0	0	4,689
SPDR SERIES TRUST	S&P BIOTECH	78464A870	247	1,098	SH		DFND		0	0	1,098
SPDR SERIES TRUST	S&P DIVID ETF	78464A763	200	2,570	SH		DFND		0	0	2,570
SPECTRA ENERGY CORP	COM	847560109	840	23,287	SH		DFND		0	0	23,287
STANLEY BLACK & DECKER INC	COM	854502101	352	3,680	SH		DFND		0	0	3,680
STARBUCKS CORP	COM	855244109	1,620	17,087	SH		DFND		0	0	17,087
STERICYCLE INC	COM	858912108	1,716	12,198	SH		DFND		0	0	12,198
STONE ENERGY CORP	NOTE 1.750% 3/0	861642AN6	10	10,000	PRN		DFND		0	0	10,000
STRYKER CORP	COM	863667101	1,103	11,954	SH		DFND		0	0	11,954
SUNOCO LP	COM U REP LP	86765K109	436	8,503	SH		DFND		0	0	8,503
SUNTRUST BKS INC	COM	867914103	465	11,310	SH		DFND		0	0	11,310
TARGET CORP	COM	87612E106	773	60,767	SH		DFND		0	0	60,767
TELEFLEX INC	NOTE 3.875% 8/0	879369AA4	58	29,000	PRN		DFND		0	0	29,000
TESLA MTRS INC	COM	88160R101	213	1,129	SH		DFND		0	0	1,129
TEVA PHARMACEUTICAL FIN LLC	DBCV 0.250% 2/0	88163VAE9	21	15,000	PRN		DFND		0	0	15,000
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	480	7,690	SH		DFND		0	0	7,690
TEXAS INSTRS INC	COM	882508104	279	4,897	SH		DFND		0	0	4,897
TOWERS WATSON & CO	CL A	891894107	362	2,745	SH		DFND		0	0	2,745
TRANSDIGM GROUP INC	COM	893641100	397	1,809	SH		DFND		0	0	1,809
TRIMBLE NAVIGATION LTD	COM	896239100	321	12,710	SH		DFND		0	0	12,710
TRIPADVISOR INC	COM	896945201	444	5,345	SH		DFND		0	0	5,345
TTM TECHNOLOGIES INC	NOTE 3.250% 5/1	87305RAC3	17	17,000	PRN		DFND		0	0	17,000
TWITTER INC	COM	90184L102	658	13,169	SH		DFND		0	0	13,169
UBS AG JERSEY BRH	CMCI ETN 38	902641778	396	25,878	SH		DFND		0	0	25,878
UNDER ARMOUR INC	CL A	904311107	3,536	43,924	SH		DFND		0	0	43,924
UNILEVER N V	N Y SHS NEW	904784709	328	7,819	SH		DFND		0	0	7,819
UNILEVER PLC	SPON ADR NEW	904767704	357	8,509	SH		DFND		0	0	8,509
UNION PAC CORP	COM	907818108	410	3,787	SH		DFND		0	0	3,787
UNITED PARCEL SERVICE INC	CL B	911312106	648	6,676	SH		DFND		0	0	6,676
UNITED STATES STL CORP NEW	NOTE 2.750% 4/0	912909AH1	11	10,000	PRN		DFND		0	0	10,000
UNITED TECHNOLOGIES CORP	COM	913017109	513	4,380	SH		DFND		0	0	4,380
UNITEDHEALTH GROUP INC	COM	91324P102	558	4,722	SH		DFND		0	0	4,722
UNIVERSAL DISPLAY CORP	COM	91347P105	888	19,000	SH		DFND		0	0	19,000
VALEANT PHARMACEUTICALS INTL	COM	91911K102	221	1,112	SH		DFND		0	0	1,112
VALERO ENERGY PARTNERS LP	COM UNT REP LP	91914J102	230	4,750	SH		DFND		0	0	4,750
VANGUARD INDEX FDS	MID CAP ETF	922908629	437	3,284	SH		DFND		0	0	3,284
VANGUARD INDEX FDS	REIT ETF	922908553	685	8,128	SH		DFND		0	0	8,128
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	243	4,480	SH		DFND		0	0	4,480
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	1,197	14,881	SH		DFND		0	0	14,881
VERINT SYS INC	NOTE 1.500% 6/0	92343XAA8	24	23,000	PRN		DFND		0	0	23,000
VERISK ANALYTICS INC	CL A	92345Y106	631	8,810	SH		DFND		0	0	8,810
VERIZON COMMUNICATIONS INC	COM	92343V104	4,759	97,766	SH		DFND		0	0	97,766
VISA INC	COM CL A	92826C839	2,795	42,723	SH		DFND		0	0	42,723
VOYA FINL INC	COM	929089100	520	12,080	SH		DFND		0	0	12,080
VULCAN MATLS CO	COM	929160109	274	3,251	SH		DFND		0	0	3,251
W P CAREY INC	COM	92936U109	895	13,186	SH		DFND		0	0	13,186
WABASH NATL CORP	NOTE 3.375% 5/0	929566AH0	20	15,000	PRN		DFND		0	0	15,000
WABTEC CORP	COM	929740108	444	4,662	SH		DFND		0	0	4,662
WALGREENS BOOTS ALLIANCE INC	COM	931427108	203	2,405	SH		DFND		0	0	2,405
WAL-MART STORES INC	COM	931142103	681	8,258	SH		DFND		0	0	8,258
WASTE CONNECTIONS INC	COM	941053100	764	15,901	SH		DFND		0	0	15,901
WATERS CORP	COM	941848103	217	1,750	SH		DFND		0	0	1,750
WELLS FARGO & CO NEW	COM	949746101	1,862	34,315	SH		DFND		0	0	34,315
WESTERN ASSET MUN HI INCM FD	COM	95766N103	259	32,934	SH		DFND		0	0	32,934
WHOLE FOODS MKT INC	COM	966837106	1,011	19,395	SH		DFND		0	0	19,395
WILLIAMS COS INC DEL	COM	969457100	958	18,932	SH		DFND		0	0	18,932
WISCONSIN ENERGY CORP	COM	976657106	212	4,281	SH		DFND		0	0	4,281
WISDOMTREE TR	EUROPE HEDGED EQ	97717X701	635	9,601	SH		DFND		0	0	9,601
WYNN RESORTS LTD	COM	983134107	244	1,939	SH		DFND		0	0	1,939
XILINX INC	NOTE 2.625% 6/1	983919AF8	24	17,000	PRN		DFND		0	0	17,000
XPO LOGISTICS INC	NOTE 4.500%10/0	983793AA8	41	14,000	PRN		DFND		0	0	14,000
YUM BRANDS INC	COM	988498101	439	5,573	SH		DFND		0	0	5,573