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
Estimated average burden
hours per response:		23.8

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
Abbvie Inc	COM	00287Y110	85	782	SH		SOLE		782	0	0
iShares MSCI ACWI Index	COM	464288258	346	3,636	SH		SOLE		3,636	0	0
Adobe Systems Inc	COM	98979H104	11	23	SH		SOLE		23	0	0
iShares Tr Lehman Bd Fd	COM	464287227	233	2,043	SH		SOLE		2,043	0	0
Ansys Inc	COM	03662Q106	27	80	SH		SOLE		80	0	0
Avago Technologies	COM	Y0486S105	129	278	SH		SOLE		278	0	0
Alibaba Group Hldg	COM	01609W103	31	135	SH		SOLE		135	0	0
Brookfield Asset Mgmt	COM	112585105	75	1,677	SH		SOLE		1,677	0	0
Buckeye Technologies Inc	COM	118255109	27	367	SH		SOLE		367	0	0
Blackrock Inc	COM	09247X102	17	23	SH		SOLE		23	0	0
Vanguard Total Bond Index Fund	COM	921937836	166	1,954	SH		SOLE		1,954	0	0
Brown & Brown Inc	COM	115236102	288	6,302	SH		SOLE		6,302	0	0
Invesco BulletShares 2021 Corp Bond	COM	73939W707	850	40,213	SH		SOLE		40,213	0	0
Invesco BulletShares 2022 Corp Bond	COM	73939W889	859	39,685	SH		SOLE		39,685	0	0
Invesco BulletShares 2023 Corp Bond	COM	73939W863	1,181	54,259	SH		SOLE		54,259	0	0
Invesco BulletShares 2024 Corp Bond	COM	73939W848	1,095	49,374	SH		SOLE		49,374	0	0
Invesco BulletShares 2025 Corp Bond	COM	73939W822	592	26,714	SH		SOLE		26,714	0	0
Invesco BulletShares 2026 Corp Bond	COM	46138J792	465	21,835	SH		SOLE		21,835	0	0
Black Stone Minerals Lp	COM	09225M102	587	67,304	SH		SOLE		67,304	0	0
Citigroup Inc.	COM	172967102	27	370	SH		SOLE		370	0	0
Caterpillar Tractor Co. S	COM	149123102	240	1,033	SH		SOLE		1,033	0	0
Chubb Corp.	COM	171232102	36	227	SH		SOLE		227	0	0
Church & Dwight Co Inc	COM	171340103	63	725	SH		SOLE		725	0	0
Colgate-Palmolive Co.	COM	194162104	18	230	SH		SOLE		230	0	0
Invesco Treasury	COM	46138G889	256	2,424	SH		SOLE		2,424	0	0
Comcast Corp New Cl A	COM	20030N102	65	1,195	SH		SOLE		1,195	0	0
ConocoPhillips	COM	20825C105	35	670	SH		SOLE		670	0	0
Copart Inc	COM	217204107	78	722	SH		SOLE		722	0	0
Salesforce Com	COM	79466L303	85	403	SH		SOLE		403	0	0
Cisco Systems Inc	COM	17275R103	28	535	SH		SOLE		535	0	0
Cousins Properties Inc.	COM	222795107	42	1,198	SH		SOLE		1,198	0	0
CVS Corp.	COM	126650101	113	1,500	SH		SOLE		1,500	0	0
Chevron Corp	COM	166764101	24	225	SH		SOLE		225	0	0
Wisdomtree Smallcap Div	COM	97717W605	83	2,656	SH		SOLE		2,656	0	0
Discover Finl Svcs	COM	254709109	51	540	SH		SOLE		540	0	0
Dollar General Corp	COM	256677106	22	109	SH		SOLE		109	0	0
Diamonds TRUST Series I	COM	78467X110	56	171	SH		SOLE		171	0	0
Walt Disney Co.	COM	254687107	401	2,171	SH		SOLE		2,171	0	0
Dorchester Minerals LP	COM	25820R106	64	4,693	SH		SOLE		4,693	0	0
DOVER CORPORATION	COM	260003109	15	110	SH		SOLE		110	0	0
iShares MSCI Emerging Markets Index	COM	464287235	3,841	72,003	SH		SOLE		72,003	0	0
iShares MSCI EAFE Index	COM	464287466	17,561	231,464	SH		SOLE		231,464	0	0
Ishares Msci Val Idx Fd	COM	464288878	2	39	SH		SOLE		39	0	0
Encompass Health Cor	COM	29261A101	7	84	SH		SOLE		84	0	0
Enbridge Inc	COM	29250N106	11	300	SH		SOLE		300	0	0
Eaton Corporation	COM	G29183104	28	200	SH		SOLE		200	0	0
EVERGREEN INFO TECHN	COM	30034W107	15	260	SH		SOLE		260	0	0
Fidelity Natl Info Svcs	COM	31620M107	95	673	SH		SOLE		673	0	0
General Electric Co.	COM	369604104	50	3,800	SH		SOLE		3,800	0	0
Gilead Sciences Inc	COM	375558104	65	1,000	SH		SOLE		1,000	0	0
Corning Inc	COM	219350106	26	600	SH		SOLE		600	0	0
SPDR GLOBAL NATURAL RESOURCES ETF	COM	78463X542	89	1,772	SH		SOLE		1,772	0	0
Google Inc Class C	COM	02079K108	341	165	SH		SOLE		165	0	0
Google Inc Class A	COM	38259P509	268	130	SH		SOLE		130	0	0
Gold Resource Corp	COM	38068T106	12	4,627	SH		SOLE		4,627	0	0
Ishares Core US Treasury	COM	46429B268	18	695	SH		SOLE		695	0	0
Genuine Parts Co	COM	372460106	17	150	SH		SOLE		150	0	0
iShares International Small	COM	78463X872	62	1,668	SH		SOLE		1,668	0	0
SPDR SPDR S&P CHINA ETF	COM	78463X401	15	117	SH		SOLE		117	0	0
Hca The Healthcare Co	COM	40412C102	38	200	SH		SOLE		200	0	0
Home Depot	COM	437076103	668	2,188	SH		SOLE		2,188	0	0
International Business Machines	COM	459200102	4	30	SH		SOLE		30	0	0
Ishar Ibnd Dec 2021 Trm	COM	46435G790	1,099	42,720	SH		SOLE		42,720	0	0
Ishrs Ibnd Dec 2022 Trm	COM	46435G756	894	33,962	SH		SOLE		33,962	0	0
Ishares Ibonds Dec	COM	46435G319	906	34,632	SH		SOLE		34,632	0	0
Ishars Ibnd Dec 2024 Trm	COM	46435U698	921	34,128	SH		SOLE		34,128	0	0
Ishares Ibnd Dec	COM	46435U433	501	17,920	SH		SOLE		17,920	0	0
iShares Cohen & Steers REIT	COM	449243105	19	326	SH		SOLE		326	0	0
iShares Core MSCI EAFE	COM	46432F843	327	4,544	SH		SOLE		4,544	0	0
iShares Core MSCI Emerging Markets	COM	46434G104	3,867	60,083	SH		SOLE		60,083	0	0
iShares S&P MidCap 400 Index	COM	464287508	321	1,234	SH		SOLE		1,234	0	0
iShares S&P Midcap Value	COM	464287706	116	1,135	SH		SOLE		1,135	0	0
iShares S&P MidCap 400 - Barra Growth	COM	464287607	25,637	327,124	SH		SOLE		327,124	0	0
iShares Core S&P Small Cap ETF	COM	464287805	48	440	SH		SOLE		440	0	0
iShares S&P Small Cap 600 Value	COM	464287880	75	748	SH		SOLE		748	0	0
iShares S&P Small Cap 600 Growth	COM	464287888	64	502	SH		SOLE		502	0	0
Intel Corp.	COM	458140101	644	10,062	SH		SOLE		10,062	0	0
Intuitive Surgical New	COM	46120E603	35	47	SH		SOLE		47	0	0
iShares Core S&P Total U.S. ETF	COM	464287151	333	3,639	SH		SOLE		3,639	0	0
iShares Tr S&P 500 Value	COM	464287409	935	6,618	SH		SOLE		6,618	0	0
Vanguard S&P Mid Cap	COM	921932886	86	488	SH		SOLE		488	0	0
iShares S&P 500 Index	COM	464287201	1,985	4,991	SH		SOLE		4,991	0	0
iShares S&P 500 Growth	COM	464287310	97	1,491	SH		SOLE		1,491	0	0
iShares Russell 1000 Value	COM	464287599	5,710	37,680	SH		SOLE		37,680	0	0
iShares Russell 1000 Growth	COM	464287615	5,321	21,894	SH		SOLE		21,894	0	0
iShares Russell 2001	COM	464287656	32,951	149,139	SH		SOLE		149,139	0	0
iShares Russell 2000 Value	COM	464287631	15,089	94,618	SH		SOLE		94,618	0	0
iShares Russell 2000 Growth	COM	464287649	6,570	21,847	SH		SOLE		21,847	0	0
iShares Russell Mid Cap Growth	COM	464287482	2,175	21,307	SH		SOLE		21,307	0	0
iShares Russell Midcap Value	COM	464287474	181	1,659	SH		SOLE		1,659	0	0
iShares Russell 3000 Index	COM	464287690	15,447	65,113	SH		SOLE		65,113	0	0
ISHARES TRANS AVG ETF	COM	464287193	21	80	SH		SOLE		80	0	0
iShares US Technology Index	COM	464287722	304	3,464	SH		SOLE		3,464	0	0
iShares Dow Jones Total Market Index	COM	464207847	175	1,756	SH		SOLE		1,756	0	0
Johnson & Johnson	COM	478160105	1,083	6,592	SH		SOLE		6,592	0	0
J.P.Morgan Chase & Co.	COM	46625H101	47	307	SH		SOLE		307	0	0
K L A Tencor Corp	COM	482480101	50	150	SH		SOLE		150	0	0
Kimberly-Clark Corp.	COM	494368104	2	17	SH		SOLE		17	0	0
Coca-Cola Co.	COM	191216101	51	959	SH		SOLE		959	0	0
Lilly Eli & Co.	COM	532457109	88	470	SH		SOLE		470	0	0
Lockheed Martin Corp	COM	539830110	37	100	SH		SOLE		100	0	0
Lincoln National Corp	COM	534187110	19	300	SH		SOLE		300	0	0
Lowes Companies Inc.	COM	548661108	29	150	SH		SOLE		150	0	0
Mastercard Inc Cl A Com	COM	57636Q105	11	32	SH		SOLE		32	0	0
McDonalds Corp.	COM	580135102	46	207	SH		SOLE		207	0	0
Medtronic Inc.	COM	585055107	19	165	SH		SOLE		165	0	0
S & P Mid Cap 400 Dep Rcpts Mid Cap	COM	78467Y108	61	129	SH		SOLE		129	0	0
Minnesota Mining & Mfg.	COM	88579Y102	15	80	SH		SOLE		80	0	0
Altria Group	COM	718154108	78	1,520	SH		SOLE		1,520	0	0
VANECK VECTORS AGRIBUSINESS ET F	COM	92189F701	31	350	SH		SOLE		350	0	0
Merck & Co. Inc.	COM	589331108	26	341	SH		SOLE		341	0	0
Morgan Stanley	COM	617446449	120	1,545	SH		SOLE		1,545	0	0
Microsoft Corp.	COM	594918105	1,496	6,344	SH		SOLE		6,344	0	0
iShares S&P National Muni Bond	COM	464288415	10,040	86,514	SH		SOLE		86,514	0	0
Nike Inc Class B	COM	654106104	55	415	SH		SOLE		415	0	0
Omnicom Group Inc	COM	681919107	23	305	SH		SOLE		305	0	0
Fid Ndq Comp Ec Etf Dv	COM	315912809	50	98	SH		SOLE		98	0	0
Encana Corp Iam Commerci	COM	69047Q103	24	1,000	SH		SOLE		1,000	0	0
Pepsico Inc.	COM	713448109	154	1,088	SH		SOLE		1,088	0	0
Procter & Gamble Co.	COM	742718110	93	688	SH		SOLE		688	0	0
Progressive Corp Ohio	COM	743315104	20	211	SH		SOLE		211	0	0
Parker-Hannifin Corp	COM	701094105	147	465	SH		SOLE		465	0	0
Perkinelmer Inc	COM	714046110	7	57	SH		SOLE		57	0	0
Philip Morris Intl Inc	COM	718172110	11	125	SH		SOLE		125	0	0
Phillips	COM	718546105	12	150	SH		SOLE		150	0	0
Paypal Holdings Inco	COM	70450Y104	50	205	SH		SOLE		205	0	0
Qualcomm Inc	COM	747525104	13	101	SH		SOLE		101	0	0
Ross Stores Inc	COM	778296104	31	261	SH		SOLE		261	0	0
DJ Wilshire REIT ETF	COM	78464A608	763	8,058	SH		SOLE		8,058	0	0
SPDR DJ Intl Real Estate ETF	COM	78463X864	782	22,696	SH		SOLE		22,696	0	0
S B A Communications	COM	78410G105	66	236	SH		SOLE		236	0	0
Schwab US Small Cap ETF	COM	808524608	124	1,246	SH		SOLE		1,246	0	0
Schwab US Broad Market ETF	COM	808524103	6	58	SH		SOLE		58	0	0
Schwab Intl Small Cap ETF	COM	808524889	31	774	SH		SOLE		774	0	0
Schwab Emerging Markets Equity ETF	COM	808524707	13	400	SH		SOLE		400	0	0
Schwab FTSE Dev International	COM	808524806	118	3,124	SH		SOLE		3,124	0	0
Schwab US Large Cap Growth ETF	COM	808524301	400	3,081	SH		SOLE		3,081	0	0
Schwab US REIT ETF	COM	808524848	33	791	SH		SOLE		791	0	0
Schwab US Mid-Cap ETF	COM	808524509	138	1,848	SH		SOLE		1,848	0	0
Schwab US TIPS ETF	COM	808524871	36	594	SH		SOLE		594	0	0
Schwab Intm US Trsr ETF	COM	808524855	36	630	SH		SOLE		630	0	0
Schwab US Large Cap Value ETF	COM	808524410	324	4,970	SH		SOLE		4,970	0	0
Schwab US Large Cap ETF	COM	808524202	203	2,117	SH		SOLE		2,117	0	0
iShares MSCI EAFE Small Cap	COM	464288274	7,259	101,044	SH		SOLE		101,044	0	0
Spdr S&P Dividend Etf	COM	78464A764	634	5,370	SH		SOLE		5,370	0	0
Sherwin Williams Co	COM	824348107	32	43	SH		SOLE		43	0	0
iShares Barcalys 1 - 3 Yr Bd Fd	COM	464287458	61	709	SH		SOLE		709	0	0
Spdr S&P 600 Small Cap	COM	78464A814	44	472	SH		SOLE		472	0	0
SPDR DJ Small Cap Growth	COM	78464A202	28,031	326,515	SH		SOLE		326,515	0	0
SPDR S&P 600 Small Cap Value ETF	COM	78464A301	24	294	SH		SOLE		294	0	0
S & P Global Inc	COM	78409V105	41	115	SH		SOLE		115	0	0
Direxion Daily S&P	COM	25459W863	10	119	SH		SOLE		119	0	0
SPDR Trust - S&P 500 Index	COM	78462F104	1,069	2,698	SH		SOLE		2,698	0	0
SPDR S&P 500 Growth ETF	COM	78464A410	73,301	1,299,663	SH		SOLE		1,299,663	0	0
SPDR S&P 500 Value ETF	COM	78464A509	27	720	SH		SOLE		720	0	0
Steris Corp	COM	859152101	17	90	SH		SOLE		90	0	0
iShares S&P Short Term Muni Fund	COM	464288159	164	1,525	SH		SOLE		1,525	0	0
AT & T	COM	00206R103	48	1,600	SH		SOLE		1,600	0	0
Transdigm Group Inc Com	COM	893641101	63	107	SH		SOLE		107	0	0
Teledyne Technologies	COM	879360106	65	157	SH		SOLE		157	0	0
Ishares Tr Lehman Tips	COM	464287177	23	182	SH		SOLE		182	0	0
Thermo Electron Corp	COM	883556103	144	316	SH		SOLE		316	0	0
Direxion Shs Exch Trd Fd	COM	25459W848	124	1,390	SH		SOLE		1,390	0	0
Targa Resources Corp	COM	87612G102	8	247	SH		SOLE		247	0	0
Rowe T Price Group Inc	COM	74144T108	26	150	SH		SOLE		150	0	0
Transunion	COM	89400J108	34	381	SH		SOLE		381	0	0
Travelers Companies Inc	COM	89417E109	23	150	SH		SOLE		150	0	0
Tyson Foods Inc Cl A	COM	902494104	61	825	SH		SOLE		825	0	0
Texas Instruments Inc.	COM	882508105	9	46	SH		SOLE		46	0	0
Unitedhealth Group Inc	COM	91324P103	137	368	SH		SOLE		368	0	0
Union Pacific Corp	COM	907818109	7	31	SH		SOLE		31	0	0
United Parcel Service B	COM	911312107	57	338	SH		SOLE		338	0	0
Visa Inc Cl A	COM	92826C840	846	3,997	SH		SOLE		3,997	0	0
Vanguard Energy ETF	COM	92204A307	3	50	SH		SOLE		50	0	0
Vanguard MSCI EAFE ETF	COM	921943859	50	1,019	SH		SOLE		1,019	0	0
Vanguard Intl Eqty Index	COM	922042776	7,931	130,696	SH		SOLE		130,696	0	0
VF Corp.	COM	918204109	217	2,716	SH		SOLE		2,716	0	0
Vanguard Health Care	COM	92204A505	55	239	SH		SOLE		239	0	0
Vanguard Div Apprciation	COM	921908845	214	1,454	SH		SOLE		1,454	0	0
Valero Energy Corp New	COM	91913Y101	12	170	SH		SOLE		170	0	0
Vanguard Reit	COM	922908554	750	8,162	SH		SOLE		8,162	0	0
Vanguard Global Ex US Real Estate	COM	922042677	3,621	64,947	SH		SOLE		64,947	0	0
Vanguard Mid Cap	COM	922908630	10	43	SH		SOLE		43	0	0
Vanguard S&P 500 Etf	COM	922908414	115	316	SH		SOLE		316	0	0
Verisk Analytics Inc	COM	92345Y107	30	170	SH		SOLE		170	0	0
Verisign Inc	COM	92343E102	27	134	SH		SOLE		134	0	0
Vanguard Total Stock Mkt	COM	922908770	7,959	38,505	SH		SOLE		38,505	0	0
Vanguard FTSE Emerging Markets	COM	922042859	53	1,017	SH		SOLE		1,017	0	0
Verizon Communications	COM	92343V105	17	300	SH		SOLE		300	0	0
Wabtec	COM	929740109	0	1	SH		SOLE		1	0	0
Wal-Mart Stores Inc.	COM	931142104	7	49	SH		SOLE		49	0	0
Ishares Global Timber	COM	464288175	17	200	SH		SOLE		200	0	0
Invesco S&P 500 Top 51	COM	78355W206	153	517	SH		SOLE		517	0	0
Sector Spdr Indl Select	COM	81369Y705	78	795	SH		SOLE		795	0	0
Sector Spdr Util Select	COM	81369Y887	15	240	SH		SOLE		240	0	0
Exxon Mobil Corp.	COM	30231G103	205	3,673	SH		SOLE		3,673	0	0
Zoetis Inc	COM	98978V104	50	320	SH		SOLE		320	0	0