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	00287Y109	68	601	SH		SOLE		601	0	0
iShares MSCI ACWI Index	COM	464288257	368	3,636	SH		SOLE		3,636	0	0
Adobe Systems Inc	COM	98979H103	13	23	SH		SOLE		23	0	0
iShares Tr Lehman Bd Fd	COM	464287226	261	2,265	SH		SOLE		2,265	0	0
Advanced Micro Devic	COM	007903107	1	15	SH		SOLE		15	0	0
Ansys Inc	COM	03662Q105	28	80	SH		SOLE		80	0	0
Avago Technologies	COM	Y0486S104	133	278	SH		SOLE		278	0	0
Alibaba Group Hldg	COM	01609W102	31	135	SH		SOLE		135	0	0
Brookfield Asset Mgmt	COM	112585104	85	1,677	SH		SOLE		1,677	0	0
Vanguard Bond Index Fund	COM	921937819	16	183	SH		SOLE		183	0	0
Blackrock Inc	COM	09247X101	20	23	SH		SOLE		23	0	0
Vanguard Long Term Bond	COM	921937793	17	171	SH		SOLE		171	0	0
Vanguard Total Bond Index Fund	COM	921937835	243	2,832	SH		SOLE		2,832	0	0
Vanguard Total	COM	92203J407	4	68	SH		SOLE		68	0	0
Brown & Brown Inc	COM	115236101	335	6,302	SH		SOLE		6,302	0	0
Invesco BulletShares 2021 Corp Bond	COM	73939W706	830	39,331	SH		SOLE		39,331	0	0
Invesco BulletShares 2022 Corp Bond	COM	73939W888	866	40,131	SH		SOLE		40,131	0	0
Invesco BulletShares 2023 Corp Bond	COM	73939W862	1,188	54,675	SH		SOLE		54,675	0	0
Invesco BulletShares 2024 Corp Bond	COM	73939W847	1,102	49,666	SH		SOLE		49,666	0	0
Invesco BulletShares 2025 Corp Bond	COM	73939W821	605	27,134	SH		SOLE		27,134	0	0
Invesco BulletShares 2026 Corp Bond	COM	46138J791	472	21,936	SH		SOLE		21,936	0	0
Black Stone Minerals Lp	COM	09225M101	724	67,304	SH		SOLE		67,304	0	0
Citigroup Inc.	COM	172967101	28	397	SH		SOLE		397	0	0
Caterpillar Tractor Co. S	COM	149123101	202	928	SH		SOLE		928	0	0
Chubb Corp.	COM	171232101	36	227	SH		SOLE		227	0	0
CDW Corp	COM	12514G108	31	175	SH		SOLE		175	0	0
Church & Dwight Co Inc	COM	171340102	62	725	SH		SOLE		725	0	0
Chegg Inc	COM	163092109	9	108	SH		SOLE		108	0	0
Invesco Treasury	COM	46138G888	256	2,424	SH		SOLE		2,424	0	0
Comcast Corp New Cl A	COM	20030N101	72	1,254	SH		SOLE		1,254	0	0
Chicago Mercantile Exch	COM	12572Q105	24	115	SH		SOLE		115	0	0
ConocoPhillips	COM	20825C104	41	670	SH		SOLE		670	0	0
CAMPBELL SOUP COMPANY	COM	134429109	7	150	SH		SOLE		150	0	0
Copart Inc	COM	217204106	95	722	SH		SOLE		722	0	0
Salesforce Com	COM	79466L302	98	403	SH		SOLE		403	0	0
Cisco Systems Inc	COM	17275R102	28	535	SH		SOLE		535	0	0
CVS Corp.	COM	126650100	56	675	SH		SOLE		675	0	0
Chevron Corp	COM	166764100	39	375	SH		SOLE		375	0	0
Wisdomtree Smallcap Div	COM	97717W604	85	2,671	SH		SOLE		2,671	0	0
Discover Finl Svcs	COM	254709108	64	540	SH		SOLE		540	0	0
Dollar General Corp	COM	256677105	24	109	SH		SOLE		109	0	0
Diamonds TRUST Series I	COM	78467X109	59	171	SH		SOLE		171	0	0
Walt Disney Co.	COM	254687106	407	2,316	SH		SOLE		2,316	0	0
Dorchester Minerals LP	COM	25820R105	79	4,693	SH		SOLE		4,693	0	0
DOVER CORPORATION	COM	260003108	17	110	SH		SOLE		110	0	0
Dusa Pharmaceuticals Inc	COM	266898105	10	277	SH		SOLE		277	0	0
Consolidated Edison Inc	COM	209115104	14	200	SH		SOLE		200	0	0
iShares MSCI Emerging Markets Index	COM	464287234	3,971	72,003	SH		SOLE		72,003	0	0
iShares MSCI EAFE Index	COM	464287465	18,094	229,389	SH		SOLE		229,389	0	0
Ishares Msci Val Idx Fd	COM	464288877	1	20	SH		SOLE		20	0	0
Encompass Health Cor	COM	29261A100	7	84	SH		SOLE		84	0	0
Emerson Electric Co	COM	291011104	12	120	SH		SOLE		120	0	0
Enbridge Inc	COM	29250N105	12	300	SH		SOLE		300	0	0
Eaton Corporation	COM	G29183103	30	200	SH		SOLE		200	0	0
EVERGREEN INFO TECHN	COM	30034W106	16	260	SH		SOLE		260	0	0
Ford Motor Company	COM	345370860	22	1,492	SH		SOLE		1,492	0	0
Facebook	COM	30303M102	31	88	SH		SOLE		88	0	0
Fidelity Natl Info Svcs	COM	31620M106	95	673	SH		SOLE		673	0	0
Gabelli Equity TRUST Inc	COM	362397101	58	8,342	SH		SOLE		8,342	0	0
General Electric Co.	COM	369604103	51	3,800	SH		SOLE		3,800	0	0
Gilead Sciences Inc	COM	375558103	84	1,220	SH		SOLE		1,220	0	0
Corning Inc	COM	219350105	25	600	SH		SOLE		600	0	0
SPDR GLOBAL NATURAL RESOURCES ETF	COM	78463X541	94	1,772	SH		SOLE		1,772	0	0
Google Inc Class C	COM	02079K107	414	165	SH		SOLE		165	0	0
Google Inc Class A	COM	38259P508	378	155	SH		SOLE		155	0	0
Ishares Core US Treasury	COM	46429B267	18	695	SH		SOLE		695	0	0
Genuine Parts Co	COM	372460105	13	100	SH		SOLE		100	0	0
iShares International Small	COM	78463X871	64	1,668	SH		SOLE		1,668	0	0
SPDR SPDR S&P CHINA ETF	COM	78463X400	16	117	SH		SOLE		117	0	0
Huntington Bancshs Inc	COM	446150104	1	62	SH		SOLE		62	0	0
Hca The Healthcare Co	COM	40412C101	41	200	SH		SOLE		200	0	0
Home Depot	COM	437076102	728	2,283	SH		SOLE		2,283	0	0
Honeywell Intl. Inc.	COM	438516106	20	90	SH		SOLE		90	0	0
International Business Machines	COM	459200101	4	30	SH		SOLE		30	0	0
Ishar Ibnd Dec 2021 Trm	COM	46435G789	1,043	40,670	SH		SOLE		40,670	0	0
iShares iBonds Dec 2022 Term Muni Bond	COM	46435G755	892	33,962	SH		SOLE		33,962	0	0
iShares iBonds Dec 2023 Term Muni Bond	COM	46435G318	904	34,632	SH		SOLE		34,632	0	0
iShares iBonds Dec 2024 Term Muni Bond	COM	46435U697	921	34,128	SH		SOLE		34,128	0	0
iShares iBonds Dec 2025 Term Muni Bond	COM	46435U432	502	17,920	SH		SOLE		17,920	0	0
iShares Cohen & Steers REIT	COM	449243104	21	326	SH		SOLE		326	0	0
iShares Core MSCI EAFE	COM	46432F842	2,272	30,346	SH		SOLE		30,346	0	0
iShares Core MSCI Emerging Markets	COM	46434G103	4,736	70,690	SH		SOLE		70,690	0	0
iShares S&P MidCap 400 Index	COM	464287507	289	1,076	SH		SOLE		1,076	0	0
iShares S&P Midcap Value	COM	464287705	97	920	SH		SOLE		920	0	0
iShares S&P MidCap 400 - Barra Growth	COM	464287606	26,016	321,469	SH		SOLE		321,469	0	0
iShares Core S&P Small Cap ETF	COM	464287804	47	416	SH		SOLE		416	0	0
iShares S&P Small Cap 600 Value	COM	464287879	79	748	SH		SOLE		748	0	0
iShares S&P Small Cap 600 Growth	COM	464287887	67	502	SH		SOLE		502	0	0
Intel Corp.	COM	458140100	604	10,752	SH		SOLE		10,752	0	0
Intuit Inc	COM	461202103	61	125	SH		SOLE		125	0	0
Intuitive Surgical New	COM	46120E602	43	47	SH		SOLE		47	0	0
iShares Core S&P Total U.S. ETF	COM	464287150	361	3,654	SH		SOLE		3,654	0	0
iShares Tr S&P 500 Value	COM	464287408	977	6,618	SH		SOLE		6,618	0	0
Vanguard S&P Mid Cap	COM	921932885	89	488	SH		SOLE		488	0	0
iShares S&P 500 Index	COM	464287200	2,117	4,924	SH		SOLE		4,924	0	0
iShares S&P 500 Growth	COM	464287309	108	1,491	SH		SOLE		1,491	0	0
iShares Russell 1000 Index	COM	434287622	20	81	SH		SOLE		81	0	0
iShares Russell 1000 Value	COM	464287598	5,962	37,589	SH		SOLE		37,589	0	0
iShares Russell 1000 Growth	COM	464287614	6,413	23,623	SH		SOLE		23,623	0	0
iShares Russell 2000	COM	464287655	34,149	148,881	SH		SOLE		148,881	0	0
iShares Russell 2000 Value	COM	464287630	15,393	92,857	SH		SOLE		92,857	0	0
iShares Russell 2000 Growth	COM	464287648	6,866	22,028	SH		SOLE		22,028	0	0
iShares Russell Mid Cap Growth	COM	464287481	2,594	22,911	SH		SOLE		22,911	0	0
iShares Russell Midcap	COM	464287499	85	1,075	SH		SOLE		1,075	0	0
iShares Russell Midcap Value	COM	464287473	676	5,878	SH		SOLE		5,878	0	0
iShares Russell 3000 Index	COM	464287689	16,650	65,060	SH		SOLE		65,060	0	0
ISHARES TRANS AVG ETF	COM	464287192	21	80	SH		SOLE		80	0	0
iShares US Technology Index	COM	464287721	344	3,464	SH		SOLE		3,464	0	0
iShares Dow Jones Total Market Index	COM	464207846	190	1,756	SH		SOLE		1,756	0	0
Johnson & Johnson	COM	478160104	996	6,047	SH		SOLE		6,047	0	0
J.P.Morgan Chase & Co.	COM	46625H100	61	392	SH		SOLE		392	0	0
K L A Tencor Corp	COM	482480100	49	150	SH		SOLE		150	0	0
Kroger Company	COM	501044101	8	203	SH		SOLE		203	0	0
Kansas City Southern	COM	485170302	0	1	SH		SOLE		1	0	0
Lilly Eli & Co.	COM	532457108	108	470	SH		SOLE		470	0	0
Lockheed Martin Corp	COM	539830109	19	50	SH		SOLE		50	0	0
Lincoln National Corp	COM	534187109	19	300	SH		SOLE		300	0	0
Lowes Companies Inc.	COM	548661107	29	150	SH		SOLE		150	0	0
Ishares Tr Gs Investop	COM	464287242	13	100	SH		SOLE		100	0	0
Mastercard Inc Cl A Com	COM	57636Q104	39	107	SH		SOLE		107	0	0
McDonalds Corp.	COM	580135101	82	357	SH		SOLE		357	0	0
Medtronic Inc.	COM	585055106	20	165	SH		SOLE		165	0	0
S&P Mid Cap 400	COM	78467Y107	61	124	SH		SOLE		124	0	0
Metlife Inc	COM	59156R504	13	225	SH		SOLE		225	0	0
Minnesota Mining & Mfg.	COM	88579Y101	16	80	SH		SOLE		80	0	0
Altria Group	COM	718154107	72	1,520	SH		SOLE		1,520	0	0
VANECK VECTORS AGRIBUSINESS ET F	COM	92189F700	32	350	SH		SOLE		350	0	0
Morgan Stanley	COM	617446448	142	1,545	SH		SOLE		1,545	0	0
Microsoft Corp.	COM	594918104	1,719	6,344	SH		SOLE		6,344	0	0
iShares S&P National Muni Bond	COM	464288414	10,140	86,523	SH		SOLE		86,523	0	0
Nike Inc Class B	COM	654106103	64	415	SH		SOLE		415	0	0
Omnicom Group Inc	COM	681919106	24	305	SH		SOLE		305	0	0
Fid Ndq Comp Ec Etf Dv	COM	315912808	55	980	SH		SOLE		980	0	0
Encana Corp Iam Commerci	COM	69047Q102	31	1,000	SH		SOLE		1,000	0	0
Paychex Inc	COM	704326107	10	95	SH		SOLE		95	0	0
Pepsico Inc.	COM	713448108	148	997	SH		SOLE		997	0	0
Pfizer Inc.	COM	717081103	12	295	SH		SOLE		295	0	0
Progressive Corp Ohio	COM	743315103	21	211	SH		SOLE		211	0	0
Parker-Hannifin Corp	COM	701094104	111	363	SH		SOLE		363	0	0
Perkinelmer Inc	COM	714046109	9	57	SH		SOLE		57	0	0
Philip Morris Intl Inc	COM	718172109	12	125	SH		SOLE		125	0	0
Phillips	COM	718546104	18	210	SH		SOLE		210	0	0
Paypal Holdings Inco	COM	70450Y103	103	355	SH		SOLE		355	0	0
Qualcomm Inc	COM	747525103	14	101	SH		SOLE		101	0	0
Flexshares Qual Div ETF	COM	33939L860	26	471	SH		SOLE		471	0	0
Rite Aid Corp.	COM	767754872	1	75	SH		SOLE		75	0	0
Ross Stores Inc	COM	778296103	32	261	SH		SOLE		261	0	0
Republic Services Inc	COM	760759100	19	175	SH		SOLE		175	0	0
DJ Wilshire REIT ETF	COM	78464A607	895	8,533	SH		SOLE		8,533	0	0
SPDR DJ Intl Real Estate ETF	COM	78463X863	833	22,696	SH		SOLE		22,696	0	0
S B A Communications	COM	78410G104	75	236	SH		SOLE		236	0	0
Schwab US Small Cap ETF	COM	808524607	124	1,186	SH		SOLE		1,186	0	0
Schwab US Broad Equity Market ETF	COM	808524102	19	180	SH		SOLE		180	0	0
Schwab Intl Small Cap ETF	COM	808524888	97	2,337	SH		SOLE		2,337	0	0
Schwab FTSE Dev International	COM	808524805	110	2,799	SH		SOLE		2,799	0	0
Schwab US Large Cap Growth ETF	COM	808524300	573	3,926	SH		SOLE		3,926	0	0
Schwab US REIT ETF	COM	808524847	36	791	SH		SOLE		791	0	0
Schwab US Mid-Cap ETF	COM	808524508	138	1,768	SH		SOLE		1,768	0	0
Schwab US TIPS ETF	COM	808524870	37	594	SH		SOLE		594	0	0
Schwab Intm US Trsr ETF	COM	808524854	36	630	SH		SOLE		630	0	0
Schwab US Large Cap Value ETF	COM	808524409	611	8,940	SH		SOLE		8,940	0	0
Schwab US Large Cap ETF	COM	808524201	220	2,117	SH		SOLE		2,117	0	0
iShares MSCI EAFE Small Cap	COM	464288273	7,524	101,452	SH		SOLE		101,452	0	0
Spdr S&P Dividend Etf	COM	78464A763	657	5,370	SH		SOLE		5,370	0	0
Sherwin Williams Co	COM	824348106	35	129	SH		SOLE		129	0	0
iShares Barcalys 1 - 3 Yr Bd Fd	COM	464287457	61	709	SH		SOLE		709	0	0
Spdr S&P 600 Small Cap	COM	78464A813	46	472	SH		SOLE		472	0	0
SPDR DJ Small Cap Growth	COM	78464A201	28,895	325,509	SH		SOLE		325,509	0	0
SPDR S&P 600 Small Cap Value ETF	COM	78464A300	18	213	SH		SOLE		213	0	0
Southern Co.	COM	842587107	6	100	SH		SOLE		100	0	0
S & P Global Inc	COM	78409V104	47	115	SH		SOLE		115	0	0
SPDR Trust - S&P 500 Index	COM	78462F103	1,185	2,769	SH		SOLE		2,769	0	0
SPDR S&P 500 Growth ETF	COM	78464A409	81,061	1,287,300	SH		SOLE		1,287,300	0	0
SPDR S&P 500 Value ETF	COM	78464A508	43	1,083	SH		SOLE		1,083	0	0
Steris Corp	COM	859152100	19	90	SH		SOLE		90	0	0
Constellation Brand	COM	21036P108	40	170	SH		SOLE		170	0	0
iShares S&P Short Term Muni Fund	COM	464288158	164	1,525	SH		SOLE		1,525	0	0
AT & T	COM	00206R102	27	931	SH		SOLE		931	0	0
Transdigm Group Inc Com	COM	893641100	69	107	SH		SOLE		107	0	0
Teledyne Technologies	COM	879360105	66	157	SH		SOLE		157	0	0
Ishares Tr Lehman Tips	COM	464287176	23	182	SH		SOLE		182	0	0
T J X Cos Inc	COM	872540109	10	150	SH		SOLE		150	0	0
Tilray Inc	COM	88688T100	0	25	SH		SOLE		25	0	0
Thermo Electron Corp	COM	883556102	159	316	SH		SOLE		316	0	0
Spdr Doubleline Ttl Rtrn	COM	78467V848	17	344	SH		SOLE		344	0	0
Targa Resources Corp	COM	87612G101	11	247	SH		SOLE		247	0	0
Trinity Industries Inc.	COM	896522109	10	373	SH		SOLE		373	0	0
Rowe T Price Group Inc	COM	74144T108	30	150	SH		SOLE		150	0	0
Travelers Companies Inc	COM	89420G109	22	150	SH		SOLE		150	0	0
Tyson Foods Inc Cl A	COM	902494103	61	825	SH		SOLE		825	0	0
Texas Instruments Inc.	COM	882508104	9	46	SH		SOLE		46	0	0
Unitedhealth Group Inc	COM	91324P102	147	368	SH		SOLE		368	0	0
Union Pacific Corp	COM	907818108	7	31	SH		SOLE		31	0	0
United Parcel Service B	COM	911312106	70	338	SH		SOLE		338	0	0
Ishares Msci Usa Min	COM	46429B697	15	207	SH		SOLE		207	0	0
Visa Inc Cl A	COM	92826C839	898	3,842	SH		SOLE		3,842	0	0
Vanguard Small Cap ETf	COM	922908751	100	442	SH		SOLE		442	0	0
Vanguard Small Cap Value	COM	922908611	30	174	SH		SOLE		174	0	0
Vanguard Corp Bond Etf	COM	92206C870	32	334	SH		SOLE		334	0	0
Vanguard Energy ETF	COM	92204A306	4	50	SH		SOLE		50	0	0
Vanguard MSCI EAFE ETF	COM	921943858	69	1,343	SH		SOLE		1,343	0	0
Vanguard MSCI EAFE ETF	COM	921943858	8,223	129,716	SH		SOLE		129,716	0	0
VF Corp.	COM	918204108	223	2,716	SH		SOLE		2,716	0	0
Vanguard Health Care	COM	92204A504	59	239	SH		SOLE		239	0	0
Vanguard Div Apprciation	COM	921908844	225	1,454	SH		SOLE		1,454	0	0
Vanguard Mortgage Backed	COM	92206C771	17	318	SH		SOLE		318	0	0
Vanguard Reit	COM	922908553	891	8,750	SH		SOLE		8,750	0	0
Vanguard Global Ex US Real Estate	COM	922042676	3,756	64,355	SH		SOLE		64,355	0	0
Vanguard Mid Cap	COM	922908629	1,703	7,175	SH		SOLE		7,175	0	0
Vanguard S&P 500 Etf	COM	922908413	124	316	SH		SOLE		316	0	0
Verisk Analytics Inc	COM	92345Y106	47	270	SH		SOLE		270	0	0
Verisign Inc	COM	92343E102	31	134	SH		SOLE		134	0	0
Vanguard Total Stock Mkt	COM	922908769	8,927	40,063	SH		SOLE		40,063	0	0
Vanguard Value Etf	COM	922908744	1,680	12,224	SH		SOLE		12,224	0	0
Vanguard Growth ETF	COM	922908736	1,197	4,174	SH		SOLE		4,174	0	0
Vanguard FTSE Emerging Markets	COM	922042858	101	1,865	SH		SOLE		1,865	0	0
Vanguard Extended Mkt	COM	922908652	13	70	SH		SOLE		70	0	0
Vanguard Whitehall Funds	COM	921946406	10	98	SH		SOLE		98	0	0
Verizon Communications	COM	92343V104	26	464	SH		SOLE		464	0	0
Wabtec	COM	929740108	0	3	SH		SOLE		3	0	0
Welltower Inc	COM	95040Q104	8	90	SH		SOLE		90	0	0
Waste Management, Inc	COM	94106L109	7	53	SH		SOLE		53	0	0
Wal-Mart Stores Inc.	COM	931142103	15	109	SH		SOLE		109	0	0
Ishares Global Timber	COM	464288174	17	200	SH		SOLE		200	0	0
Invesco S&P 500 Top 50	COM	78355W205	168	517	SH		SOLE		517	0	0
Sector Spdr Indl Select	COM	81369Y704	81	795	SH		SOLE		795	0	0
Tech Sector Select SPDR	COM	81369Y803	26	176	SH		SOLE		176	0	0
Sector Spdr Tr Con Stpls	COM	81369Y308	16	231	SH		SOLE		231	0	0
Sector Spdr Util Select	COM	81369Y886	15	240	SH		SOLE		240	0	0
Exxon Mobil Corp.	COM	30231G102	232	3,673	SH		SOLE		3,673	0	0
Xylem Inc	COM	98419M100	18	150	SH		SOLE		150	0	0
Yum Brands Inc	COM	988498101	29	250	SH		SOLE		250	0	0
Zoetis Inc	COM	98978V103	60	320	SH		SOLE		320	0	0