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
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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
Brookfield Asset Mgmt	COM	112585104	55	1,677	SH		SOLE	1,677	0	0	0
Buckeye Technologies Inc	COM	118255108	27	367	SH		SOLE	367	0	0	0
CVS Corp.	COM	126650100	37	575	SH		SOLE	575	0	0	0
Chubb Corp.	COM	171232101	29	227	SH		SOLE	227	0	0	0
Church & Dwight Co Inc	COM	171340102	56	725	SH		SOLE	725	0	0	0
Coca-Cola Co.	COM	191216100	43	959	SH		SOLE	959	0	0	0
Copart Inc	COM	217204106	80	956	SH		SOLE	956	0	0	0
Corning Inc	COM	219350105	16	600	SH		SOLE	600	0	0	0
Cousins Properties Inc.	COM	222795106	36	1,198	SH		SOLE	1,198	0	0	0
Discover Finl Svcs	COM	254709108	27	540	SH		SOLE	540	0	0	0
Dollar General Corp	COM	256677105	21	109	SH		SOLE	109	0	0	0
DOVER CORPORATION	COM	260003108	11	110	SH		SOLE	110	0	0	0
Enterprise Prd Prtnrs Lp	COM	293792107	68	3,720	SH		SOLE	3,720	0	0	0
Chevron Corp	COM	333528200	38	426	SH		SOLE	426	0	0	0
Brown & Brown Inc	COM	345708303	273	6,690	SH		SOLE	6,690	0	0	0
Citigroup Inc.	COM	345934202	34	670	SH		SOLE	670	0	0	0
General Mills Inc	COM	370334104	12	200	SH		SOLE	200	0	0	0
Genuine Parts Co	COM	372460105	13	150	SH		SOLE	150	0	0	0
Henry Jack & Assoc. Inc.	COM	426281101	21	113	SH		SOLE	113	0	0	0
Caterpillar Tractor Co. S	COM	447369303	155	1,228	SH		SOLE	1,228	0	0	0
International Business Machines	COM	459200101	4	30	SH		SOLE	30	0	0	0
iShares Dow Jones Total Market Index	COM	464207846	134	878	SH		SOLE	878	0	0	0
iShares Select Dividend ETF	COM	464287168	36	440	SH		SOLE	440	0	0	0
Ishares Tr Lehman Tips	COM	464287176	22	182	SH		SOLE	182	0	0	0
ISHARES TRANS AVG ETF	COM	464287192	13	80	SH		SOLE	80	0	0	0
iShares S&P 500 Growth	COM	464287309	88	425	SH		SOLE	425	0	0	0
iShares Barcalys 1 - 3 Yr Bd Fd	COM	464287457	61	709	SH		SOLE	709	0	0	0
Ishares Global Timber	COM	464288174	11	200	SH		SOLE	200	0	0	0
iShares MSCI ACWI Index	COM	464288257	268	3,636	SH		SOLE	3,636	0	0	0
Kimberly-Clark Corp.	COM	494368103	2	17	SH		SOLE	17	0	0	0
Lilly Eli & Co.	COM	532457108	77	470	SH		SOLE	470	0	0	0
Lincoln National Corp	COM	534187109	15	400	SH		SOLE	400	0	0	0
Lockheed Martin Corp	COM	539830109	18	50	SH		SOLE	50	0	0	0
Lowes Companies Inc.	COM	548661107	20	150	SH		SOLE	150	0	0	0
Merck & Co. Inc.	COM	589331107	26	341	SH		SOLE	341	0	0	0
NAKED BRAND GROUP INC COM	COM	629839200	0	25	SH		SOLE	25	0	0	0
Nike Inc Class B	COM	654106103	41	415	SH		SOLE	415	0	0	0
Omnicom Group Inc	COM	681919106	16	290	SH		SOLE	290	0	0	0
Parker-Hannifin Corp	COM	701094104	85	465	SH		SOLE	465	0	0	0
Pembina Pipeline Corp	COM	706327103	11	425	SH		SOLE	425	0	0	0
Perkinelmer Inc	COM	714046109	6	57	SH		SOLE	57	0	0	0
Philip Morris Intl Inc	COM	718172109	9	125	SH		SOLE	125	0	0	0
Phillips	COM	718546104	11	150	SH		SOLE	150	0	0	0
General Electric Co.	COM	739208206	68	9,930	SH		SOLE	9,930	0	0	0
Procter & Gamble Co.	COM	742718109	54	453	SH		SOLE	453	0	0	0
Progressive Corp Ohio	COM	743315103	17	211	SH		SOLE	211	0	0	0
Prudential Financial Inc	COM	744320102	14	229	SH		SOLE	229	0	0	0
Qualcomm Inc	COM	747525103	9	100	SH		SOLE	100	0	0	0
R L I Corp	COM	749607107	9	115	SH		SOLE	115	0	0	0
Gilead Sciences Inc	COM	751116206	77	1,000	SH		SOLE	1,000	0	0	0
Ross Stores Inc	COM	778296103	22	261	SH		SOLE	261	0	0	0
Schwab US Large Cap ETF	COM	808524201	169	2,280	SH		SOLE	2,280	0	0	0
Schwab Intm US Trsr ETF	COM	808524854	23	393	SH		SOLE	393	0	0	0
Schwab US TIPS ETF	COM	808524870	12	200	SH		SOLE	200	0	0	0
Sherwin Williams Co	COM	824348106	25	43	SH		SOLE	43	0	0	0
Steris Corp	COM	859152100	14	90	SH		SOLE	90	0	0	0
T J X Cos Inc	COM	872540109	15	300	SH		SOLE	300	0	0	0
Teledyne Technologies	COM	879360105	49	157	SH		SOLE	157	0	0	0
Texas Instruments Inc.	COM	882508104	6	46	SH		SOLE	46	0	0	0
U G I Corporation New	COM	902681105	12	382	SH		SOLE	382	0	0	0
U S Bancorp Del New	COM	902973304	154	4,176	SH		SOLE	4,176	0	0	0
Intel Corp.	COM	916280200	479	7,998	SH		SOLE	7,998	0	0	0
VF Corp.	COM	918204108	166	2,716	SH		SOLE	2,716	0	0	0
Vanguard Div Apprciation	COM	921908844	121	1,032	SH		SOLE	1,032	0	0	0
Vanguard S&P Mid Cap	COM	921932885	59	488	SH		SOLE	488	0	0	0
Vanguard S&P 500 Etf	COM	922908413	64	227	SH		SOLE	227	0	0	0
iShares S&P Midcap Value	COM	928575410	121	911	SH		SOLE	911	0	0	0
iShares US Technology Index	COM	928575442	369	1,366	SH		SOLE	1,366	0	0	0
iShares Core S&P Small Cap ETF	COM	928575608	23	341	SH		SOLE	341	0	0	0
Ishares US Aerospace	COM	928577520	3	21	SH		SOLE	21.0056	0	0	0
Wal-Mart Stores Inc.	COM	931142103	6	49	SH		SOLE	49	0	0	0
Western Digital Corp	COM	958102105	31	700	SH		SOLE	700	0	0	0
Walt Disney Co.	COM	254687106	202	1,815	SH		SOLE	1,815	0	0	0
McDonalds Corp.	COM	580135101	15	81	SH		SOLE	81	0	0	0
iShares Core S&P Total U.S. ETF	COM	464287150	252	3,631	SH		SOLE	3,631	0	0	0
iShares Tr S&P 500 Value	COM	464287408	716	6,618	SH		SOLE	6,618	0	0	0
Ishares S&P Smallcap	COM	464287879	99	720	SH		SOLE	720	0	0	0
Pepsico Inc.	COM	713448108	119	897	SH		SOLE	897	0	0	0
Johnson & Johnson	COM	478160104	790	5,620	SH		SOLE	5,620	0	0	0
Thermo Electron Corp	COM	883556102	114	316	SH		SOLE	316	0	0	0
Transdigm Group Inc Com	COM	893641100	69	157	SH		SOLE	157	0	0	0
Ishares Tr Cohen & Steer	COM	449243104	16	163	SH		SOLE	162.8052	0	0	0
Tyson Foods Inc Cl A	COM	902494103	49	825	SH		SOLE	825	0	0	0
Union Pacific Corp	COM	907818108	57	337	SH		SOLE	337	0	0	0
United Parcel Service B	COM	911312106	50	453	SH		SOLE	453	0	0	0
Vanguard MSCI EAFE ETF	COM	921943858	32	836	SH		SOLE	835.9999	0	0	0
Vanguard FTSE Emerging Markets	COM	922042858	19	491	SH		SOLE	491	0	0	0
Morgan Stanley	COM	617446448	79	1,630	SH		SOLE	1,630	0	0	0
iShares S&P MidCap 400 Index	COM	464287507	237	1,331	SH		SOLE	1,331	0	0	0
Wabtec	COM	929740108	3	60	SH		SOLE	60	0	0	0
Altria Group	COM	718154107	32	820	SH		SOLE	820	0	0	0
iShares S&P Short Term Muni Fund	COM	464288158	166	1,543	SH		SOLE	1,543	0	0	0
Schwab US Small Cap ETF	COM	808524607	73	1,118	SH		SOLE	1,118	0	0	0
Schwab US REIT ETF	COM	808524847	28	791	SH		SOLE	791	0	0	0
Schwab Intl Small Cap ETF	COM	808524888	23	774	SH		SOLE	774	0	0	0
Home Depot	COM	437076102	461	1,839	SH		SOLE	1,839	0	0	0
Microsoft Corp.	COM	594918104	1,238	6,082	SH		SOLE	6,082	0	0	0
Schwab US Mid-Cap ETF	COM	808524508	97	1,848	SH		SOLE	1,848	0	0	0
Vanguard Total Stock Mkt	COM	922908769	4,679	29,892	SH		SOLE	29,892	0	0	0
iShares Russell Midcap Value	COM	464287473	139	1,822	SH		SOLE	1,822	0	0	0
Schwab FTSE Dev International	COM	808524805	83	2,799	SH		SOLE	2,799	0	0	0
Vanguard Total Bond Index Fund	COM	921937835	176	1,996	SH		SOLE	1,995.5719	0	0	0
Schwab US Large Cap Growth ETF	COM	808524300	316	3,108	SH		SOLE	3,108	0	0	0
Schwab US Large Cap Value ETF	COM	808524409	249	4,970	SH		SOLE	4,970	0	0	0
iShares S&P 500 Index	COM	464287200	1,686	5,444	SH		SOLE	5,443.5088	0	0	0
iShares Tr Lehman Bd Fd	COM	464287226	331	2,801	SH		SOLE	2,801	0	0	0
Vanguard Reit	COM	922908553	606	7,712	SH		SOLE	7,712	0	0	0
iShares Russell Mid Cap Growth	COM	464287481	1,667	10,544	SH		SOLE	10,544	0	0	0
iShares Russell 3000 Index	COM	464287689	11,208	62,246	SH		SOLE	62,246	0	0	0
iShares Russell 1000 Growth	COM	464287614	4,594	23,934	SH		SOLE	23,934	0	0	0
iShares Russell 2000 Growth	COM	464287648	4,809	23,248	SH		SOLE	23,248	0	0	0
iShares S&P National Muni Bond	COM	464288414	10,673	92,486	SH		SOLE	92,486	0	0	0
iShares Russell 1000 Value	COM	464287598	4,314	38,308	SH		SOLE	38,308	0	0	0
iShares MSCI Emerging Markets Index	COM	464287234	3,039	76,002	SH		SOLE	76,002	0	0	0
iShares MSCI EAFE Small Cap	COM	464288273	5,410	100,902	SH		SOLE	100,902	0	0	0
iShares Russell 2000 Value	COM	464287630	9,247	94,883	SH		SOLE	94,883	0	0	0
Vanguard Intl Eqty Index	COM	922042775	6,013	126,290	SH		SOLE	126,290	0	0	0
Vanguard Global Ex US Real Estate	COM	922042676	2,879	61,711	SH		SOLE	61,711	0	0	0
iShares Russell 2000	COM	464287655	22,543	157,446	SH		SOLE	157,445.8196	0	0	0
iShares MSCI EAFE Index	COM	464287465	14,562	239,235	SH		SOLE	239,235	0	0	0
iShares S&P MidCap 400 - Barra Growth	COM	464287606	23,189	103,513	SH		SOLE	103,513	0	0	0
Verisign Inc	COM	92343E102	28	134	SH		SOLE	134	0	0	0
Target Corporation	COM	87612E106	48	400	SH		SOLE	400	0	0	0
AT & T	COM	00206R102	42	1,400	SH		SOLE	1,400	0	0	0
Abbvie Inc	COM	00287Y109	81	822	SH		SOLE	822	0	0	0
Alibaba Group Hldg	COM	01609W102	73	337	SH		SOLE	337	0	0	0
Google Inc Class C	COM	02079K107	352	249	SH		SOLE	249	0	0	0
Ansys Inc	COM	03662Q105	23	80	SH		SOLE	80	0	0	0
Black Stone Minerals Lp	COM	09225M101	437	67,304	SH		SOLE	67,304	0	0	0
Blackrock Inc	COM	09247X101	19	35	SH		SOLE	35	0	0	0
Blackrock Ehncd Div Incm	COM	09251A104	70	9,500	SH		SOLE	9,500	0	0	0
Cbre Group Inc	COM	12504L109	18	391	SH		SOLE	391	0	0	0
Chicago Mercantile Exch	COM	12572Q105	19	114	SH		SOLE	114	0	0	0
Cisco Systems Inc	COM	17275R102	65	1,384	SH		SOLE	1,384	0	0	0
Invesco BulletShares 2020 Corp Bond	COM	18383M514	141	6,622	SH		SOLE	6,622	0	0	0
Comcast Corp New Cl A	COM	20030N101	47	1,195	SH		SOLE	1,195	0	0	0
ConocoPhillips	COM	20825C104	28	670	SH		SOLE	670	0	0	0
Diageo Plc New Adr	COM	25243Q205	22	161	SH		SOLE	161	0	0	0
Direxion Shs Exch Trd Fd	COM	25459W847	29	1,048	SH		SOLE	1,048	0	0	0
Direxion Daily S&P	COM	25459W862	11	269	SH		SOLE	269	0	0	0
Dorchester Minerals LP	COM	25820R105	60	4,693	SH		SOLE	4,693	0	0	0
Encompass Health Cor	COM	29261A100	5	84	SH		SOLE	84	0	0	0
Exxon Mobil Corp.	COM	30231G102	140	3,139	SH		SOLE	3,139	0	0	0
Fidelity Natl Info Svcs	COM	31620M106	90	673	SH		SOLE	673	0	0	0
Glaxosmithkline Plc Adrf	COM	37733W105	69	1,700	SH		SOLE	1,700	0	0	0
Gold Resource Corp	COM	38068T105	82	20,000	SH		SOLE	20,000	0	0	0
Google Inc Class A	COM	38259P508	147	104	SH		SOLE	104	0	0	0
Hca The Healthcare Co	COM	40412C101	19	200	SH		SOLE	200	0	0	0
Intuitive Surgical New	COM	46120E602	27	47	SH		SOLE	47	0	0	0
Invesco Treasury	COM	46138G888	849	8,025	SH		SOLE	8,025.2865	0	0	0
Invesco BulletShares 2026 Corp Bond	COM	46138J791	468	21,758	SH		SOLE	21,758	0	0	0
Ishares Core US Treasury	COM	46429B267	19	695	SH		SOLE	695	0	0	0
iShares Core MSCI EAFE	COM	46432F842	280	4,902	SH		SOLE	4,902	0	0	0
iShares Core MSCI Emerging Markets	COM	46434G103	2,899	60,895	SH		SOLE	60,895	0	0	0
Ishars Ibnd SEP 2020 Trm	COM	46434V571	502	19,690	SH		SOLE	19,690	0	0	0
Ishares Ibonds Dec	COM	46435G318	832	31,698	SH		SOLE	31,698	0	0	0
Ishrs Ibnd Dec 2022 Trm	COM	46435G755	820	31,048	SH		SOLE	31,048	0	0	0
Ishar Ibnd Dec 2021 Trm	COM	46435G789	1,031	39,752	SH		SOLE	39,752	0	0	0
Ishares Ibnd Dec	COM	46435U432	350	12,573	SH		SOLE	12,573	0	0	0
Ishars Ibnd Dec 2024 Trm	COM	46435U697	772	28,596	SH		SOLE	28,596	0	0	0
J.P.Morgan Chase & Co.	COM	46625H100	34	362	SH		SOLE	362	0	0	0
MACQUARIE/FT GL INT/UT DV IN C OM	COM	55608B105	24	3,000	SH		SOLE	3,000	0	0	0
Mastercard Inc Cl A Com	COM	57636Q104	9	32	SH		SOLE	32	0	0	0
Natura & Co Hldg S A	COM	63884N108	0	16	SH		SOLE	16	0	0	0
Encana Corp Iam Commerci	COM	69047Q102	10	1,000	SH		SOLE	1,000	0	0	0
Paypal Holdings Inco	COM	70450Y103	80	459	SH		SOLE	459	0	0	0
Invesco BulletShares 2021 Corp Bond	COM	73939W706	930	43,505	SH		SOLE	43,505	0	0	0
Invesco BulletShares 2025 Corp Bond	COM	73939W821	634	28,536	SH		SOLE	28,536	0	0	0
Invesco BulletShares 2024 Corp Bond	COM	73939W847	1,127	51,146	SH		SOLE	51,146	0	0	0
Invesco BulletShares 2023 Corp Bond	COM	73939W862	1,118	51,397	SH		SOLE	51,397	0	0	0
Invesco BulletShares 2022 Corp Bond	COM	73939W888	901	41,309	SH		SOLE	41,309	0	0	0
Invesco S&P 500 Top 50	COM	78355W205	123	517	SH		SOLE	517	0	0	0
S & P Global Inc	COM	78409V104	38	115	SH		SOLE	115	0	0	0
S B A Communications	COM	78410G104	70	236	SH		SOLE	236	0	0	0
SPDR Trust - S&P 500 Index	COM	78462F103	931	3,020	SH		SOLE	3,019.646	0	0	0
SPDR SPDR S&P CHINA ETF	COM	78463X400	12	117	SH		SOLE	117	0	0	0
SPDR GLOBAL NATURAL RESOURCES ETF	COM	78463X541	57	1,554	SH		SOLE	1,554.2437	0	0	0
SPDR DJ Intl Real Estate ETF	COM	78463X863	658	22,823	SH		SOLE	22,823	0	0	0
iShares International Small	COM	78463X871	46	1,668	SH		SOLE	1,668	0	0	0
SPDR DJ Small Cap Growth	COM	78464A201	19,390	341,497	SH		SOLE	341,497	0	0	0
SPDR S&P 600 Small Cap Value ETF	COM	78464A300	14	294	SH		SOLE	294	0	0	0
SPDR S&P 500 Growth ETF	COM	78464A409	67,016	1,491,907	SH		SOLE	1,491,907	0	0	0
SPDR S&P 500 Value ETF	COM	78464A508	21	720	SH		SOLE	720	0	0	0
DJ Wilshire REIT ETF	COM	78464A607	572	7,330	SH		SOLE	7,330	0	0	0
Spdr S&P Dividend Etf	COM	78464A763	649	7,111	SH		SOLE	7,111	0	0	0
Spdr S&P 600 Small Cap	COM	78464A813	37	630	SH		SOLE	630	0	0	0
Diamonds TRUST Series I	COM	78467X109	44	171	SH		SOLE	171	0	0	0
S & P Mid Cap 400 Dep Rcpts Mid Cap	COM	78467Y107	116	356	SH		SOLE	356	0	0	0
Salesforce Com	COM	79466L302	39	208	SH		SOLE	208	0	0	0
Sector Spdr Indl Select	COM	81369Y704	55	795	SH		SOLE	795	0	0	0
Sector Spdr Util Select	COM	81369Y886	14	240	SH		SOLE	240	0	0	0
Targa Resources Corp	COM	87612G101	5	247	SH		SOLE	247	0	0	0
Transunion	COM	89400J107	33	381	SH		SOLE	381	0	0	0
Travelers Companies Inc	COM	89420G109	17	150	SH		SOLE	150	0	0	0
TWO HARBORS INVESTMENT CORP CO M NEW	COM	90187B408	1	125	SH		SOLE	125	0	0	0
Unitedhealth Group Inc	COM	91324P102	109	368	SH		SOLE	368	0	0	0
VANECK VECTORS AGRIBUSINESS ET F	COM	92189F700	21	350	SH		SOLE	350	0	0	0
Vanguard Energy ETF	COM	92204A306	3	50	SH		SOLE	50	0	0	0
Vanguard Health Care	COM	92204A504	46	239	SH		SOLE	239	0	0	0
Verizon Communications	COM	92343V104	17	300	SH		SOLE	300	0	0	0
Verisk Analytics Inc	COM	92345Y106	29	170	SH		SOLE	170	0	0	0
Visa Inc Cl A	COM	92826C839	735	3,804	SH		SOLE	3,804	0	0	0
Zoetis Inc	COM	98978V103	44	320	SH		SOLE	320	0	0	0
Adobe Systems Inc	COM	98979H103	10	23	SH		SOLE	23	0	0	0
A O N Plc	COM	G0408V102	28	143	SH		SOLE	143	0	0	0
Ihs Markit Ltd	COM	G47567105	27	351	SH		SOLE	351	0	0	0
Tyco Electronics Ltd	COM	G9144P105	23	276	SH		SOLE	276	0	0	0
Avago Technologies	COM	Y0486S104	94	298	SH		SOLE	298	0	0	0