Capital Directions Investment Advisors 13F-HR Quarterly holdings report by institutional manager

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
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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
Omnicom Group Inc	COM	112585104	49	1,118	SH		SOLE		1,118	0	0
Brown & Brown Inc	COM	115236101	242	6,690	SH		SOLE		6,690	0	0
Buckeye Technologies Inc	COM	118255108	21	367	SH		SOLE		367	0	0
Caterpillar Tractor Co. S	COM	149123101	142	1,228	SH		SOLE		1,228	0	0
CELANESE CORP	COM	150870103	20	278	SH		SOLE		278	0	0
Chevron Corp	COM	166764100	31	426	SH		SOLE		426	0	0
Chubb Corp.	COM	171232101	39	348	SH		SOLE		348	0	0
Church & Dwight Co Inc	COM	171340102	47	725	SH		SOLE		725	0	0
Citigroup Inc.	COM	172967101	53	1,270	SH		SOLE		1,270	0	0
City Holding Co	COM	177835105	13	200	SH		SOLE		200	0	0
Coca-Cola Co.	COM	191216100	61	1,386	SH		SOLE		1,386	0	0
Cognizant Tech Sol Cl A	COM	192446102	22	464	SH		SOLE		464	0	0
Copart Inc	COM	217204106	66	956	SH		SOLE		956	0	0
Corning Inc	COM	219350105	7	325	SH		SOLE		325	0	0
Cousins Properties Inc.	COM	222795106	35	1,198	SH		SOLE		1,198	0	0
Delta Air Lines	COM	247361702	3	100	SH		SOLE		100	0	0
Walt Disney Co.	COM	254687106	163	1,690	SH		SOLE		1,690	0	0
Discover Finl Svcs	COM	254709108	19	540	SH		SOLE		540	0	0
Dollar General Corp	COM	256677105	16	109	SH		SOLE		109	0	0
DOVER CORPORATION	COM	260003108	9	110	SH		SOLE		110	0	0
Duke Energy Corp.	COM	264399106	8	100	SH		SOLE		100	0	0
Enterprise Prd Prtnrs Lp	COM	293792107	53	3,720	SH		SOLE		3,720	0	0
Garrett Motion Inc	COM	366505105	1	348	SH		SOLE		348	0	0
General Electric Co.	COM	369604103	79	9,930	SH		SOLE		9,930	0	0
General Mills Inc	COM	370334104	11	200	SH		SOLE		200	0	0
Genuine Parts Co	COM	372460105	10	150	SH		SOLE		150	0	0
Gilead Sciences Inc	COM	375558103	75	1,000	SH		SOLE		1,000	0	0
Henry Jack & Assoc. Inc.	COM	426281101	18	113	SH		SOLE		113	0	0
Home Depot	COM	437076102	345	1,849	SH		SOLE		1,849	0	0
Ishares Tr Cohen & Steer	COM	449243104	15	162	SH		SOLE		162	0	0
Intel Corp.	COM	458140100	433	7,998	SH		SOLE		7,998	0	0
International Business Machines	COM	459200101	3	30	SH		SOLE		30	0	0
iShares Dow Jones Total Market Index	COM	464207846	111	878	SH		SOLE		878	0	0
Ishares Tr S&P 100 Index Fund	COM	464287101	119	1,000	SH		SOLE		1,000	0	0
iShares Core S&P Total U.S. ETF	COM	464287150	228	3,982	SH		SOLE		3,982	0	0
iShares Select Dividend ETF	COM	464287168	32	440	SH		SOLE		440	0	0
Ishares Tr Lehman Tips	COM	464287176	21	182	SH		SOLE		182	0	0
ISHARES TRANS AVG ETF	COM	464287192	11	80	SH		SOLE		80	0	0
iShares S&P 500 Index	COM	464287200	1,459	5,648	SH		SOLE		5,648	0	0
iShares Tr Lehman Bd Fd	COM	464287226	358	3,101	SH		SOLE		3,101	0	0
iShares MSCI Emerging Markets Index	COM	464287234	3,267	95,714	SH		SOLE		95,714	0	0
iShares S&P 500 Growth	COM	464287309	70	425	SH		SOLE		425	0	0
iShares Tr S&P 500 Value	COM	464287408	637	6,618	SH		SOLE		6,618	0	0
iShares Barcalys 1 - 3 Yr Bd Fd	COM	464287457	61	709	SH		SOLE		709	0	0
iShares MSCI EAFE Index	COM	464287465	19,172	358,616	SH		SOLE		358,616	0	0
iShares Russell Midcap Value	COM	464287473	133	2,080	SH		SOLE		2,080	0	0
iShares Russell Mid Cap Growth	COM	464287481	1,340	11,017	SH		SOLE		11,017	0	0
iShares S&P MidCap 400 Index	COM	464287507	199	1,381	SH		SOLE		1,381	0	0
iShares Russell 1000 Value	COM	464287598	4,301	43,369	SH		SOLE		43,369	0	0
iShares S&P MidCap 400 - Barra Growth	COM	464287606	20,145	112,883	SH		SOLE		112,883	0	0
iShares Russell 1000 Growth	COM	464287614	3,965	26,317	SH		SOLE		26,317	0	0
iShares Russell 2000 Value	COM	464287630	9,655	117,702	SH		SOLE		117,702	0	0
iShares Russell 2000 Growth	COM	464287648	4,576	28,929	SH		SOLE		28,929	0	0
iShares Russell 2001	COM	464287655	19,168	167,460	SH		SOLE		167,460	0	0
iShares Russell 3000 Index	COM	464287689	9,029	60,870	SH		SOLE		60,870	0	0
iShares S&P Midcap Value	COM	464287705	100	911	SH		SOLE		911	0	0
iShares US Technology Index	COM	464287721	279	1,366	SH		SOLE		1,366	0	0
iShares Core S&P Small Cap ETF	COM	464287804	19	341	SH		SOLE		341	0	0
Ishares S&P Smallcap	COM	464287879	47	469	SH		SOLE		469	0	0
Ishares S&P Smallcap	COM	464287887	35	251	SH		SOLE		251	0	0
iShares S&P Short Term Muni Fund	COM	464288158	161	1,518	SH		SOLE		1,518	0	0
Ishares Global Timber	COM	464288174	10	200	SH		SOLE		200	0	0
iShares MSCI ACWI Index	COM	464288257	228	3,636	SH		SOLE		3,636	0	0
iShares MSCI EAFE Small Cap	COM	464288273	7,259	161,918	SH		SOLE		161,918	0	0
iShares S&P National Muni Bond	COM	464288414	11,505	101,804	SH		SOLE		101,804	0	0
Ishares US Aerospace	COM	464288760	3	21	SH		SOLE		21	0	0
Johnson & Johnson	COM	478160104	810	6,175	SH		SOLE		6,175	0	0
Kimberly-Clark Corp.	COM	494368103	2	17	SH		SOLE		17	0	0
Lilly Eli & Co.	COM	532457108	109	785	SH		SOLE		785	0	0
Lincoln National Corp	COM	534187109	11	400	SH		SOLE		400	0	0
Lockheed Martin Corp	COM	539830109	25	75	SH		SOLE		75	0	0
Markel Corp	COM	570535104	27	29	SH		SOLE		29	0	0
McDonalds Corp.	COM	580135101	13	81	SH		SOLE		81	0	0
Merck & Co. Inc.	COM	589331107	26	341	SH		SOLE		341	0	0
Microsoft Corp.	COM	594918104	1,061	6,728	SH		SOLE		6,728	0	0
Mondelez Intl Inc Cl A	COM	609207105	6	117	SH		SOLE		117	0	0
Moodys Corp	COM	615369105	40	188	SH		SOLE		188	0	0
Morgan Stanley	COM	617446448	32	945	SH		SOLE		945	0	0
NAKED BRAND GROUP INC COM	COM	629839200	0	25	SH		SOLE		25	0	0
Nike Inc Class B	COM	654106103	34	415	SH		SOLE		415	0	0
Omnicom Group Inc	COM	681919106	16	290	SH		SOLE		290	0	0
Parker-Hannifin Corp	COM	701094104	60	465	SH		SOLE		465	0	0
Pembina Pipeline Corp	COM	706327103	8	425	SH		SOLE		425	0	0
Pepsico Inc.	COM	713448108	108	897	SH		SOLE		897	0	0
Perkinelmer Inc	COM	714046109	4	57	SH		SOLE		57	0	0
Pfizer Inc.	COM	717081103	9	270	SH		SOLE		270	0	0
Altria Group	COM	718154107	38	993	SH		SOLE		993	0	0
Philip Morris Intl Inc	COM	718172109	22	298	SH		SOLE		298	0	0
Phillips	COM	718546104	8	150	SH		SOLE		150	0	0
Procter & Gamble Co.	COM	742718109	50	453	SH		SOLE		453	0	0
Progressive Corp Ohio	COM	743315103	16	211	SH		SOLE		211	0	0
Prudential Financial Inc	COM	744320102	12	229	SH		SOLE		229	0	0
R L I Corp	COM	749607107	10	115	SH		SOLE		115	0	0
Raytheon Company New	COM	755111507	23	175	SH		SOLE		175	0	0
Ross Stores Inc	COM	778296103	23	261	SH		SOLE		261	0	0
Schwab US Large Cap ETF	COM	808524201	162	2,640	SH		SOLE		2,640	0	0
Schwab US Large Cap Growth ETF	COM	808524300	257	3,225	SH		SOLE		3,225	0	0
Schwab US Large Cap Value ETF	COM	808524409	220	4,970	SH		SOLE		4,970	0	0
Schwab US Mid-Cap ETF	COM	808524508	78	1,848	SH		SOLE		1,848	0	0
Schwab US Small Cap ETF	COM	808524607	58	1,118	SH		SOLE		1,118	0	0
Schwab Emerging Markets Equity ETF	COM	808524706	18	875	SH		SOLE		875	0	0
Schwab FTSE Dev International	COM	808524805	90	3,473	SH		SOLE		3,473	0	0
Schwab US REIT ETF	COM	808524847	28	869	SH		SOLE		869	0	0
Schwab Intm US Trsr ETF	COM	808524854	23	393	SH		SOLE		393	0	0
Schwab US TIPS ETF	COM	808524870	12	200	SH		SOLE		200	0	0
Schwab Intl Small Cap ETF	COM	808524888	36	1,489	SH		SOLE		1,489	0	0
Sherwin Williams Co	COM	824348106	20	43	SH		SOLE		43	0	0
Steris Corp	COM	859152100	13	90	SH		SOLE		90	0	0
T J X Cos Inc	COM	872540109	14	300	SH		SOLE		300	0	0
Taiwan Semiconductr Adrf	COM	874039100	36	750	SH		SOLE		750	0	0
Teledyne Technologies	COM	879360105	47	157	SH		SOLE		157	0	0
Texas Instruments Inc.	COM	882508104	5	46	SH		SOLE		46	0	0
Thermo Electron Corp	COM	883556102	90	316	SH		SOLE		316	0	0
Transdigm Group Inc Com	COM	893641100	50	157	SH		SOLE		157	0	0
Tyson Foods Inc Cl A	COM	902494103	43	750	SH		SOLE		750	0	0
U G I Corporation New	COM	902681105	10	382	SH		SOLE		382	0	0
U S Bancorp Del New	COM	902973304	144	4,176	SH		SOLE		4,176	0	0
Union Pacific Corp	COM	907818108	48	337	SH		SOLE		337	0	0
United Parcel Service B	COM	911312106	42	453	SH		SOLE		453	0	0
United Technologies Co.	COM	913017109	734	7,779	SH		SOLE		7,779	0	0
VF Corp.	COM	918204108	147	2,716	SH		SOLE		2,716	0	0
Vanguard Div Apprciation	COM	921908844	107	1,032	SH		SOLE		1,032	0	0
Vanguard S&P Mid Cap	COM	921932885	47	488	SH		SOLE		488	0	0
Vanguard Total Bond Index Fund	COM	921937835	170	1,995	SH		SOLE		1,995	0	0
Vanguard MSCI EAFE ETF	COM	921943858	569	17,063	SH		SOLE		17,063	0	0
Vanguard Global Ex US Real Estate	COM	922042676	4,726	110,138	SH		SOLE		110,138	0	0
Vanguard Total World	COM	922042742	121	1,923	SH		SOLE		1,923	0	0
Vanguard Intl Eqty Index	COM	922042775	6,156	150,064	SH		SOLE		150,064	0	0
Vanguard FTSE Emerging Markets	COM	922042858	17	520	SH		SOLE		520	0	0
Vanguard S&P 500 Etf	COM	922908413	220	927	SH		SOLE		927	0	0
Vanguard Reit	COM	922908553	739	10,586	SH		SOLE		10,586	0	0
Vanguard Growth ETF	COM	922908736	118	750	SH		SOLE		750	0	0
Vanguard Total Stock Mkt	COM	922908769	4,251	32,980	SH		SOLE		32,980	0	0
Wabtec	COM	929740108	3	61	SH		SOLE		61	0	0
Wal-Mart Stores Inc.	COM	931142103	17	153	SH		SOLE		153	0	0
Western Digital Corp	COM	958102105	29	700	SH		SOLE		700	0	0
Verisign Inc	COM	92343E102	24	134	SH		SOLE		134	0	0
Target Corporation	COM	87612E106	16	175	SH		SOLE		175	0	0
Travelers Companies Inc	COM	89417E109	12	125	SH		SOLE		125	0	0
AT & T	COM	00206R102	15	500	SH		SOLE		500	0	0
Abbvie Inc	COM	00287Y109	63	822	SH		SOLE		822	0	0
Alibaba Group Hldg	COM	01609W102	66	337	SH		SOLE		337	0	0
Google Inc Class C	COM	02079K107	290	249	SH		SOLE		249	0	0
Ansys Inc	COM	03662Q105	19	80	SH		SOLE		80	0	0
Black Stone Minerals Lp	COM	09225M101	315	67,304	SH		SOLE		67,304	0	0
Blackrock Inc	COM	09247X101	15	35	SH		SOLE		35	0	0
Blackrock Ehncd Div Incm	COM	09251A104	62	9,500	SH		SOLE		9,500	0	0
Brookfield Infrastruct	COM	11275Q107	0	16	SH		SOLE		16	0	0
Cbre Group Inc	COM	12504L109	15	391	SH		SOLE		391	0	0
CDW Corp	COM	12514G108	38	403	SH		SOLE		403	0	0
Chicago Mercantile Exch	COM	12572Q105	20	114	SH		SOLE		114	0	0
Cisco Systems Inc	COM	17275R102	70	1,784	SH		SOLE		1,784	0	0
Invesco BulletShares 2020 Corp Bond	COM	18383M514	40	1,925	SH		SOLE		1,925	0	0
Comcast Corp New Cl A	COM	20030N101	31	895	SH		SOLE		895	0	0
ConocoPhillips	COM	20825C104	21	670	SH		SOLE		670	0	0
Diageo Plc New Adr	COM	25243Q205	20	161	SH		SOLE		161	0	0
Direxion Shs Exch Trd Fd	COM	25459W847	7	394	SH		SOLE		394	0	0
Direxion Daily S&P	COM	25459W862	5	178	SH		SOLE		178	0	0
Discovery Commun Ser C	COM	25470F302	9	500	SH		SOLE		500	0	0
Dorchester Minerals LP	COM	25820R105	44	4,693	SH		SOLE		4,693	0	0
Encompass Health Cor	COM	29261A100	5	84	SH		SOLE		84	0	0
Exxon Mobil Corp.	COM	30231G102	408	10,741	SH		SOLE		10,741	0	0
Fidelity Natl Info Svcs	COM	31620M106	82	673	SH		SOLE		673	0	0
Glaxosmithkline Plc Adrf	COM	37733W105	64	1,700	SH		SOLE		1,700	0	0
Gold Resource Corp	COM	38068T105	55	20,000	SH		SOLE		20,000	0	0
Google Inc Class A	COM	38259P508	121	104	SH		SOLE		104	0	0
Hca The Healthcare Co	COM	40412C101	18	200	SH		SOLE		200	0	0
Intuitive Surgical New	COM	46120E602	23	47	SH		SOLE		47	0	0
Invesco Treasury	COM	46138G888	825	7,766	SH		SOLE		7,766	0	0
Invesco BulletShares 2026 Corp Bond	COM	46138J791	329	16,698	SH		SOLE		16,698	0	0
Ishares Core US Treasury	COM	46429B267	19	695	SH		SOLE		695	0	0
Ishares Msci Usa Min	COM	46429B697	14	254	SH		SOLE		254	0	0
iShares Core MSCI EAFE	COM	46432F842	265	5,315	SH		SOLE		5,315	0	0
iShares Core MSCI Emerging Markets	COM	46434G103	1,972	48,725	SH		SOLE		48,725	0	0
Ishars Ibnd SEP 2020 Trm	COM	46434V571	500	19,690	SH		SOLE		19,690	0	0
Ishares Ibonds Dec	COM	46435G318	813	31,698	SH		SOLE		31,698	0	0
Ishrs Ibnd Dec 2022 Trm	COM	46435G755	808	31,048	SH		SOLE		31,048	0	0
Ishar Ibnd Dec 2021 Trm	COM	46435G789	1,014	39,752	SH		SOLE		39,752	0	0
Ishares Ibnd Dec	COM	46435U432	340	12,573	SH		SOLE		12,573	0	0
Ishars Ibnd Dec 2024 Trm	COM	46435U697	748	28,596	SH		SOLE		28,596	0	0
J.P.Morgan Chase & Co.	COM	46625H100	87	966	SH		SOLE		966	0	0
MACQUARIE/FT GL INT/UT DV IN C OM	COM	55608B105	23	3,000	SH		SOLE		3,000	0	0
Mastercard Inc Cl A Com	COM	57636Q104	48	200	SH		SOLE		200	0	0
Natura & Co Hldg S A	COM	63884N108	0	16	SH		SOLE		16	0	0
Netflix Inc	COM	64110L106	12	33	SH		SOLE		33	0	0
O Reilly Automotive	COM	67103H107	33	109	SH		SOLE		109	0	0
Encana Corp Iam Commerci	COM	69047Q102	3	1,000	SH		SOLE		1,000	0	0
Paypal Holdings Inco	COM	70450Y103	44	459	SH		SOLE		459	0	0
Pool Corporation	COM	73278L105	30	152	SH		SOLE		152	0	0
Invesco BulletShares 2021 Corp Bond	COM	73939W706	328	15,652	SH		SOLE		15,652	0	0
Invesco BulletShares 2025 Corp Bond	COM	73939W821	605	29,393	SH		SOLE		29,393	0	0
Invesco BulletShares 2024 Corp Bond	COM	73939W847	603	29,210	SH		SOLE		29,210	0	0
Invesco BulletShares 2023 Corp Bond	COM	73939W862	607	29,267	SH		SOLE		29,267	0	0
Invesco BulletShares 2022 Corp Bond	COM	73939W888	312	14,715	SH		SOLE		14,715	0	0
Primerica Inc	COM	74164M108	28	316	SH		SOLE		316	0	0
Invesco S&P 500 Top 51	COM	78355W205	101	517	SH		SOLE		517	0	0
Rydex Etf TRUST	COM	78355W304	48	1,206	SH		SOLE		1,206	0	0
S & P Global Inc	COM	78409V104	28	115	SH		SOLE		115	0	0
S B A Communications	COM	78410G104	64	236	SH		SOLE		236	0	0
SPDR Trust - S&P 500 Index	COM	78462F103	786	3,050	SH		SOLE		3,050	0	0
SPDR SPDR S&P CHINA ETF	COM	78463X400	11	117	SH		SOLE		117	0	0
SPDR GLOBAL NATURAL RESOURCES ETF	COM	78463X541	48	1,554	SH		SOLE		1,554	0	0
SPDR DJ Intl Real Estate ETF	COM	78463X863	1,560	58,276	SH		SOLE		58,276	0	0
iShares International Small	COM	78463X871	82	3,623	SH		SOLE		3,623	0	0
SPDR DJ Small Cap Growth	COM	78464A201	16,312	353,224	SH		SOLE		353,224	0	0
SPDR S&P 600 Small Cap Value ETF	COM	78464A300	12	294	SH		SOLE		294	0	0
SPDR S&P 500 Growth ETF	COM	78464A409	57,739	1,615,541	SH		SOLE		1,615,541	0	0
SPDR S&P 500 Value ETF	COM	78464A508	19	720	SH		SOLE		720	0	0
DJ Wilshire REIT ETF	COM	78464A607	780	10,804	SH		SOLE		10,804	0	0
Spdr S&P Dividend Etf	COM	78464A763	568	7,111	SH		SOLE		7,111	0	0
Spdr S&P 600 Small Cap	COM	78464A813	31	630	SH		SOLE		630	0	0
Diamonds TRUST Series I	COM	78467X109	37	171	SH		SOLE		171	0	0
S & P Mid Cap 400 Dep Rcpts Mid Cap	COM	78467Y107	94	356	SH		SOLE		356	0	0
Salesforce Com	COM	79466L302	30	208	SH		SOLE		208	0	0
Sector Spdr Indl Select	COM	81369Y704	47	795	SH		SOLE		795	0	0
Sector Spdr Util Select	COM	81369Y886	13	240	SH		SOLE		240	0	0
Targa Resources Corp	COM	87612G101	2	247	SH		SOLE		247	0	0
Transunion	COM	89400J107	25	381	SH		SOLE		381	0	0
TWO HARBORS INVESTMENT CORP CO M NEW	COM	90187B408	0	125	SH		SOLE		125	0	0
Unitedhealth Group Inc	COM	91324P102	92	368	SH		SOLE		368	0	0
VANECK VECTORS AGRIBUSINESS ET F	COM	92189F700	18	350	SH		SOLE		350	0	0
Vanguard Total	COM	92203J407	1	10	SH		SOLE		10	0	0
Vanguard Energy ETF	COM	92204A306	2	50	SH		SOLE		50	0	0
Vanguard Health Care	COM	92204A504	40	239	SH		SOLE		239	0	0
Verizon Communications	COM	92343V104	43	800	SH		SOLE		800	0	0
Verisk Analytics Inc	COM	92345Y106	24	170	SH		SOLE		170	0	0
Visa Inc Cl A	COM	92826C839	589	3,657	SH		SOLE		3,657	0	0
Xcel Energy Inc Com	COM	98389B100	14	237	SH		SOLE		237	0	0
Zoetis Inc	COM	98978V103	66	557	SH		SOLE		557	0	0
Adobe Systems Inc	COM	98979H103	7	23	SH		SOLE		23	0	0
A O N Plc	COM	G0408V102	24	143	SH		SOLE		143	0	0
Ihs Markit Ltd	COM	G47567105	21	351	SH		SOLE		351	0	0
Tyco Electronics Ltd	COM	G9144P105	17	276	SH		SOLE		276	0	0
Avago Technologies	COM	Y0486S104	71	298	SH		SOLE		298	0	0