First Heartland Consultants 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
ABBVIE INC	COM	00287Y109	653	9,720	SH		SOLE		0	0	9,720
AEGEAN MARINE PETROLEUM NETW	SHS	Y0017S102	924	74,790	SH		SOLE		0	0	74,790
AK STL HLDG CORP	COM	001547108	39	10,000	SH		SOLE		0	0	10,000
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	761	9,254	SH		SOLE		0	0	9,254
ALLERGAN PLC	SHS	G0177J108	445	1,465	SH		SOLE		0	0	1,465
ALLIED WRLD ASSUR COM HLDG A	SHS	H01531104	226	5,232	SH		SOLE		0	0	5,232
ALPS ETF TR	ALERIAN MLP	00162Q866	3,663	235,391	SH		SOLE		0	0	235,391
ALPS ETF TR	SECTR DIV DOGS	00162Q858	805	21,966	SH		SOLE		0	0	21,966
ALTRIA GROUP INC	COM	02209S103	2,290	46,823	SH		SOLE		0	0	46,823
AMEREN CORP	COM	023608102	282	7,474	SH		SOLE		0	0	7,474
AMERICAN EXPRESS CO	COM	025816109	456	5,866	SH		SOLE		0	0	5,866
AMERICAN INTL GROUP INC	COM NEW	026874784	203	3,283	SH		SOLE		0	0	3,283
AMERICAN RLTY CAP PPTYS INC	COM	02917T104	1,674	205,947	SH		SOLE		0	0	205,947
AMERICAN TOWER CORP NEW	COM	03027X100	282	3,024	SH		SOLE		0	0	3,024
AMERISERV FINL INC	COM	03074A102	151	45,400	SH		SOLE		0	0	45,400
AMGEN INC	COM	031162100	328	2,135	SH		SOLE		0	0	2,135
ANNALY CAP MGMT INC	COM	035710409	103	11,215	SH		SOLE		0	0	11,215
ANTHEM INC	COM	036752103	210	1,279	SH		SOLE		0	0	1,279
APPLE INC	COM	037833100	7,941	63,311	SH		SOLE		0	0	63,311
ARES CAP CORP	COM	04010L103	169	10,273	SH		SOLE		0	0	10,273
ARGO GROUP INTL HLDGS LTD	COM	G0464B107	912	16,371	SH		SOLE		0	0	16,371
AT&T INC	COM	00206R102	1,589	44,740	SH		SOLE		0	0	44,740
ATLAS AIR WORDWIDE HLDGS IN	COM NEW	049164205	2,023	36,810	SH		SOLE		0	0	36,810
AUTOMATIC DATA PROCESSING IN	COM	053015103	352	4,387	SH		SOLE		0	0	4,387
BANK OF AMERICA	COM	060505104	538	31,620	SH		SOLE		0	0	31,620
BANK OF THE OZARKS INC	COM	063904106	289	6,309	SH		SOLE		0	0	6,309
BARCLAYS BK PLC	IPSP CROIL ETN	06738C786	2,156	178,949	SH		SOLE		0	0	178,949
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,898	13,941	SH		SOLE		0	0	13,941
BIODELIVERY SCIENCES INTL IN	COM	09060J106	79,998	10,050	SH		SOLE		0	0	10,050
BIOGEN INC	COM	09062X103	380	940	SH		SOLE		0	0	940
BLACKROCK KELSO CAPITAL CORP	COM	092533108	178	19,520	SH		SOLE		0	0	19,520
BOEING CO	COM	097023105	811	5,850	SH		SOLE		0	0	5,850
BRISTOL MYERS SQUIBB CO	COM	110122108	238	3,576	SH		SOLE		0	0	3,576
BROADCOM CORP	CL A	111320107	528	10,263	SH		SOLE		0	0	10,263
CALERES INC	COM	129500104	362	11,391	SH		SOLE		0	0	11,391
CAMPUS CREST CMNTYS INC	COM	13466Y105	80	14,475	SH		SOLE		0	0	14,475
CASTLE AM & CO	COM	148411101	79	12,800	SH		SOLE		0	0	12,800
CATERPILLAR INC DEL	COM	149123101	424	5,002	SH		SOLE		0	0	5,002
CELGENE CORP	COM	151020104	674	5,822	SH		SOLE		0	0	5,822
CHEVRON CORP NEW	COM	166764100	921	9,542	SH		SOLE		0	0	9,542
CHICAGO BRIDGE & IRON CO N V	COM	167250109	661	13,211	SH		SOLE		0	0	13,211
CISCO SYS INC	COM	17275R102	499	18,189	SH		SOLE		0	0	18,189
CLAYMORE EXCHANGE TRD FD TR	GUG MIDCAP CORE	18383M720	263	5,161	SH		SOLE		0	0	5,161
CLOUD PEAK ENERGY INC	COM	18911Q102	892	191,460	SH		SOLE		0	0	191,460
CNA FINL CORP	COM	126117100	662	17,320	SH		SOLE		0	0	17,320
COCA COLA COMPANY	COM	191216100	640	16,320	SH		SOLE		0	0	16,320
COLUMBIA PPTY TR INC	COM NEW	198287203	769	31,316	SH		SOLE		0	0	31,316
COMCAST CORP NEW	CL A	20030N101	251	4,172	SH		SOLE		0	0	4,172
CONOCOPHILLIPS	COM	20825C104	441	7,185	SH		SOLE		0	0	7,185
CREDIT SUISSE AG NASSAU BRH	VELOCITY SHS EXC	22539T597	163	10,000	SH		SOLE		0	0	10,000
CTI BIOPHARMA CORP	COM	12648L106	146	74,624	SH		SOLE		0	0	74,624
CVS HEALTH CORP	COM	126650100	231	2,200	SH		SOLE		0	0	2,200
DBX ETF TR	XTRAK MSCI EAFE	233051200	434	15,175	SH		SOLE		0	0	15,175
DELEK US HLDGS INC	COM	246647101	221	6,000	SH		SOLE		0	0	6,000
DELTA AIR LINES INC DEL	COM NEW	247361702	2,342	57,014	SH		SOLE		0	0	57,014
DIAGEO PLC	SPON ADR NEW	25243Q205	253	2,184	SH		SOLE		0	0	2,184
DISNEY WALT CO	COM DISNEY	254687106	537	4,705	SH		SOLE		0	0	4,705
DUKE ENERGY CORP NEW	COM NEW	26441C204	301	4,258	SH		SOLE		0	0	4,258
LILLY ELI & CO	COM	532457108	557	6,670	SH		SOLE		0	0	6,670
EMERSON ELEC CO	COM	291011104	421	7,589	SH		SOLE		0	0	7,589
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	906	17,363	SH		SOLE		0	0	17,363
ENTERPRISE PRODS PARTNERS L	COM	293792107	535	17,894	SH		SOLE		0	0	17,894
EXELON CORP	COM	30161N101	221	7,024	SH		SOLE		0	0	7,024
EXPRESS SCRIPTS HLDG CO	COM	30219G108	1,230	13,830	SH		SOLE		0	0	13,830
EXXON MOBIL CORP	COM	30231G102	1,891	22,728	SH		SOLE		0	0	22,728
FEDEX CORP	COM	31428X106	203	1,189	SH		SOLE		0	0	1,189
FIRST TR US IPO INDEX FD	SHS	336920103	599	10,977	SH		SOLE		0	0	10,977
FIRST TR MORNINGSTAR DIV LEA	SHS	336917109	1,461	64,083	SH		SOLE		0	0	64,083
FIRST TR EXCHANGE TRADED FD	NY ARCA BIOTECH	33733E203	3,008	24,253	SH		SOLE		0	0	24,253
FIRST TR EXCHANGE TRADED FD	DJ INTERNT IDX	33733E302	414	6,163	SH		SOLE		0	0	6,163
FIRST TR NAS100 EQ WEIGHTED	SHS	337344105	1,948	44,570	SH		SOLE		0	0	44,570
FIRST TR VALUE LINE DIVID IN	SHS	33734H106	825	35,301	SH		SOLE		0	0	35,301
FIRST TR LRGE CP CORE ALPHA	COM SHS	33734K109	787	17,160	SH		SOLE		0	0	17,160
FIRST TR EXCHANGE TRADED FD	CONSUMR STAPLE	33734X119	1,764	40,077	SH		SOLE		0	0	40,077
FIRST TR EXCHANGE TRADED FD	FINLS ALPHADEX	33734X135	790	33,291	SH		SOLE		0	0	33,291
FIRST TR EXCHANGE TRADED FD	HLTH CARE ALPH	33734X143	459	6,662	SH		SOLE		0	0	6,662
FIRST TR EXCHANGE TRADED FD	TECH ALPHADEX	33734X176	577	16,319	SH		SOLE		0	0	16,319
FIRST TR LRG CP VL ALPHADEX	COM SHS	33735J101	757	17,827	SH		SOLE		0	0	17,827
FIRST TR EXCH TRD ALPHA FD I	EUROPE ALPHA	33737J117	473	15,271	SH		SOLE		0	0	15,271
FIRST TR EXCH TRD ALPHA FD I	EM SML CP ALPH	33737J307	201	5,975	SH		SOLE		0	0	5,975
FIRST TR EXCHANGE TRADED FD	MULTI ASSET DI	33738R100	647	32,424	SH		SOLE		0	0	32,424
FIRST TR EXCHANGE TRADED FD	NASD TECH DIV	33738R118	963	36,490	SH		SOLE		0	0	36,490
FIRST TR EXCNGE TRD ALPHADEX	SML CP GRW ALP	33737M300	624	19,621	SH		SOLE		0	0	19,621
FIRST TR EXCNGE TRD ALPHADEX	SML CAP VAL AL	33737M409	271	8,348	SH		SOLE		0	0	8,348
FIRST TR NASDAQ100 TECH INDE	SHS	337345102	264	6,221	SH		SOLE		0	0	6,221
FIRST TR VALUE LINE 100 ETF	COM SHS	33735G107	574	27,445	SH		SOLE		0	0	27,445
FIRST TR LRG CP GRWTH ALPHAD	COM SHS	33735K108	939	19,326	SH		SOLE		0	0	19,326
FIRST TR EXCHANGE TRADED FD	DORSEY WRT 5 ETF	33738R605	4,066	166,318	SH		SOLE		0	0	166,318
FIRST TR EXCHANGE TRADED FD	DORSEY WRT	33738R886	331	16,942	SH		SOLE		0	0	16,942
FIRST TR EXCHAN TRADED FD VI	FST TR GLB FD	33739H101	384	15,487	SH		SOLE		0	0	15,487
FIRST TR EXCHANGE TRADED FD	NO AMER ENERGY	33738D101	351	13,848	SH		SOLE		0	0	13,848
FIRST TR SML CP CORE ALPHA F	COM SHS	33734Y109	400	8,006	SH		SOLE		0	0	8,006
FIRST TR EXCH TRADED FD III	LNG/SHT EQUITY	33739P103	563	17,504	SH		SOLE		0	0	17,504
FLEXTRONICS INTL LTD	ORD	Y2573F102	1,013	89,540	SH		SOLE		0	0	89,540
FORD MOTOR CO DEL	COM PAR $0.01	345370860	399	26,560	SH		SOLE		0	0	26,560
FRONTIER COMMUNICATIONS CORP	COM	35906A108	214	43,229	SH		SOLE		0	0	43,229
GENERAL CABLE CORP	COM	369300108	1,268	64,280	SH		SOLE		0	0	64,280
GENERAL DYNAMICS CORP	COM	369550108	228	1,611	SH		SOLE		0	0	1,611
GENERAL ELECTRIC CO	COM	369604103	1,092	41,087	SH		SOLE		0	0	41,087
GILEAD SCIENCES INC	COM	375558103	4,832	41,274	SH		SOLE		0	0	41,274
GLOBAL BRASS & COPPR HLDGS I	COM	37953G103	328	19,300	SH		SOLE		0	0	19,300
GOODYEAR TIRE & RUBBER COMPANY	COM	382550101	1,164	38,610	SH		SOLE		0	0	38,610
GOOGLE INC	CL A	38259P508	259	479	SH		SOLE		0	0	479
GOOGLE INC	CL C	38259P706	252	485	SH		SOLE		0	0	485
HANOVER INS GROUP INC	COM	410867105	351	4,747	SH		SOLE		0	0	4,747
HAWAIIAN HOLDINGS INC	COM	419879101	1,207	50,820	SH		SOLE		0	0	50,820
HEALTH CARE REIT INC	COM	42217K106	247	3,758	SH		SOLE		0	0	3,758
HERCULES OFFSHORE INC	COM	427093109	8,884	38,000	SH		SOLE		0	0	38,000
HUNTINGTON BANCSHARES INC	COM	446150104	298	26,355	SH		SOLE		0	0	26,355
HUNTSMAN CORP	COM	447011107	273	12,350	SH		SOLE		0	0	12,350
IMMUNOMEDICS INC	COM	452907108	125	30,695	SH		SOLE		0	0	30,695
INGRAM MICRO INC	CL A	457153104	907	36,220	SH		SOLE		0	0	36,220
INTEL CORP	COM	458140100	871	28,633	SH		SOLE		0	0	28,633
INTL BUSINESS MACH	COM	459200101	512	3,150	SH		SOLE		0	0	3,150
ISHARES	MSCI SZ CAP ETF	464286749	265	8,107	SH		SOLE		0	0	8,107
ISHARES	BARCLYS TIPS BD	464287176	1,364	12,171	SH		SOLE		0	0	12,171
ISHARES TR	TRANS AVG ETF	464287192	247	1,704	SH		SOLE		0	0	1,704
ISHARES	CORE S&P500 ETF	464287200	229	1,104	SH		SOLE		0	0	1,104
ISHARES	CORE TOTUSBD ETF	464287226	604	5,551	SH		SOLE		0	0	5,551
ISHARES	MSCI EMERG MKT	464287234	395	9,958	SH		SOLE		0	0	9,958
ISHARES	IBOXX INV CPBD	464287242	358	3,094	SH		SOLE		0	0	3,094
ISHARES	S&P 500 GRWT ETF	464287309	1,887	16,577	SH		SOLE		0	0	16,577
ISHARES	S&P 500 VAL ETF	464287408	1,622	17,585	SH		SOLE		0	0	17,585
ISHARES	TREAS INDEX FD	464287432	506	4,311	SH		SOLE		0	0	4,311
ISHARES	7-10 YR TRS BD	464287440	5,248	49,975	SH		SOLE		0	0	49,975
ISHARES	1-3 YR TRS BD	464287457	923	10,881	SH		SOLE		0	0	10,881
ISHARES	MSCI EAFE INDEX	464287465	4,766	75,062	SH		SOLE		0	0	75,062
ISHARES	RUS MID-CAP ETF	464287499	1,547	9,082	SH		SOLE		0	0	9,082
ISHARES	CORE S&P MCP ETF	464287507	4,487	29,914	SH		SOLE		0	0	29,914
ISHARES	COHEN&STEER REIT	464287564	1,475	16,458	SH		SOLE		0	0	16,458
ISHARES	S&P MC 400GR ETF	464287606	5,501	32,455	SH		SOLE		0	0	32,455
ISHARES	RUS 2000 GRW ETF	464287648	1,043	6,749	SH		SOLE		0	0	6,749
ISHARES	RUSSELL 2000	464287655	10,049	80,485	SH		SOLE		0	0	80,485
ISHARES	RUSSELL 3000	464287689	991	7,995	SH		SOLE		0	0	7,995
ISHARES	U.S. UTILITS ETF	464287697	491	4,734	SH		SOLE		0	0	4,734
ISHARES	U.S. TECH ETF	464287721	256	2,448	SH		SOLE		0	0	2,448
ISHARES	DJ US REAL EST	464287739	2,091	29,327	SH		SOLE		0	0	29,327
ISHARES TR	US HLTHCARE ETF	464287762	401	2,528	SH		SOLE		0	0	2,528
ISHARES	U.S. ENERGY ETF	464287796	211	4,990	SH		SOLE		0	0	4,990
ISHARES	CORE S&P SCP ETF	464287804	2,725	23,114	SH		SOLE		0	0	23,114
ISHARES	DJ US BAS MATL	464287838	304	3,776	SH		SOLE		0	0	3,776
ISHARES	SP SMCP600VL ETF	464287879	3,873	32,888	SH		SOLE		0	0	32,888
ISHARES	SP SMCP600GR ETF	464287887	4,579	34,954	SH		SOLE		0	0	34,954
ISHARES	IBOXX HI YD ETF	464288513	531	5,978	SH		SOLE		0	0	5,978
ISHARES	1-3 YR CR BD ETF	464288646	431	4,091	SH		SOLE		0	0	4,091
ISHARES	10-20 YR TRS ETF	464288653	501	3,766	SH		SOLE		0	0	3,766
ISHARES	US PFD STK IDX	464288687	1,842	47,032	SH		SOLE		0	0	47,032
ISHARES	S&P GLB MTRLS	464288695	580	10,472	SH		SOLE		0	0	10,472
ISHARES	17 AMT-FREE ETF	464289271	247	8,996	SH		SOLE		0	0	8,996
ISHARES TR	MRNGSTR INC ETF	46432F875	989	40,077	SH		SOLE		0	0	40,077
ISHARES TR	FLTG RATE BD ETF	46429B655	238	4,691	SH		SOLE		0	0	4,691
JOHNSON CTLS INC	COM	478366107	324	6,539	SH		SOLE		0	0	6,539
JOHNSON & JOHNSON	COM	478160104	1,023	10,497	SH		SOLE		0	0	10,497
JP MORGAN CHASE & CO	COM	46625H100	1,763	26,023	SH		SOLE		0	0	26,023
KIMBERLY CLARK CORP	COM	494368103	398	3,760	SH		SOLE		0	0	3,760
KINDER MORGAN INC DEL	COM	49456B101	456	11,870	SH		SOLE		0	0	11,870
KORN FERRY INTL	COM NEW	500643200	591	17,010	SH		SOLE		0	0	17,010
KRAFT FOODS GROUP INC	COM	50076Q106	422	4,955	SH		SOLE		0	0	4,955
MANNKIND CORP	COM	56400P201	70	12,250	SH		SOLE		0	0	12,250
MARKET VECTORS ETF TR	HG YLD MUN ETF	57060U878	284	9,497	SH		SOLE		0	0	9,497
MCDERMOTT INTL INC	COM	580037109	854	160,000	SH		SOLE		0	0	160,000
MCDONALDS CORP	COM	580135101	531	5,581	SH		SOLE		0	0	5,581
MERCK & CO INC NEW	COM	58933Y105	1,260	22,131	SH		SOLE		0	0	22,131
MERITOR INC	COM	59001K100	839	63,980	SH		SOLE		0	0	63,980
MICRON TECHNOLOGY INC	COM	595112103	278	14,770	SH		SOLE		0	0	14,770
MICROSOFT CORP	COM	594918104	1,415	32,040	SH		SOLE		0	0	32,040
MONDELEZ INTL INC	CL A	609207105	557	13,549	SH		SOLE		0	0	13,549
MONOGRAM RESIDENTIAL TR INC	COM	60979P105	2,615	289,899	SH		SOLE		0	0	289,899
MYLAN N V	SHS EURO	N59465109	507	7,475	SH		SOLE		0	0	7,475
NAVIOS MARITIME ACQUIS CORP	SHS	Y62159101	485	135,000	SH		SOLE		0	0	135,000
NAVISTAR INTL CORP	PFD SR D CONV	63934E108	1,014	44,790	SH		SOLE		0	0	44,790
NEURALSTEM INC	COM	64127R302	19	10,000	SH		SOLE		0	0	10,000
NEW YORK CMNTY BANCORP INC	COM	649445103	290	15,802	SH		SOLE		0	0	15,802
NIKE INC	CL B	654106103	849	7,863	SH		SOLE		0	0	7,863
NORFOLK SOUTHERN CORP	COM	655844108	322	3,681	SH		SOLE		0	0	3,681
NUVEEN SR INCOME FD	COM	67067Y104	69	10,772	SH		SOLE		0	0	10,772
OMEGA HEALTHCARE INVS INC	COM	681936100	553	16,095	SH		SOLE		0	0	16,095
PARAGON OFFSHORE PLC	SHS	G6S01W108	202	184,998	SH		SOLE		0	0	184,998
PARK CITY GROUP INC	COM NEW	700215304	134	10,800	SH		SOLE		0	0	10,800
PARKER DRILLING CO	COM	701081101	988	297,600	SH		SOLE		0	0	297,600
PBF ENERGY INC	CL A	69318G106	779	27,400	SH		SOLE		0	0	27,400
PEABODY ENERGY CORP	COM	704549104	300	137,150	SH		SOLE		0	0	137,150
PENNYMAC MTG INVT TR	COM	70931T103	265	15,200	SH		SOLE		0	0	15,200
PEREGRINE PHARMACEUTICALS IN	COM NEW	713661304	113	86,204	SH		SOLE		0	0	86,204
PFIZER INC	COM	717081103	947	28,232	SH		SOLE		0	0	28,232
PHH CORP	COM NEW	693320202	763	29,320	SH		SOLE		0	0	29,320
PHILIP MORRIS INTL INC	COM	718172109	503	6,278	SH		SOLE		0	0	6,278
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	238	13,559	SH		SOLE		0	0	13,559
PIMCO ETF TR	TOTL RETN ETF	72201R775	241	2,251	SH		SOLE		0	0	2,251
PIMCO ETF TR	ENHAN SHRT MAT	72201R833	718	7,100	SH		SOLE		0	0	7,100
PIONEER NAT RES CO	COM	723787107	227	1,637	SH		SOLE		0	0	1,637
POWERSHARES QQQ TR	UNIT SER 1	73935A104	6,233	58,217	SH		SOLE		0	0	58,217
POWERSHARES ETF TRUST	DWA TECH LDRS	73935X153	1,345	31,236	SH		SOLE		0	0	31,236
POWERSHARES ETF TRUST	HI YLD EQ DVDN	73935X302	2,043	154,791	SH		SOLE		0	0	154,791
POWERSHARES ETF TRUST	HLTHCR SEC POR	73935X351	984	15,497	SH		SOLE		0	0	15,497
POWERSHARES ETF TRUST II	DWA EMKT MOM PTF	73936Q207	300	16,557	SH		SOLE		0	0	16,557
POWERSHARES GLOBAL ETF TRUST	AGG PFD PORT	73936T565	157	10,800	SH		SOLE		0	0	10,800
PRECISION CASTPARTS CORP	COM	740189105	279	1,396	SH		SOLE		0	0	1,396
PRICELINE GRP INC	COM NEW	741503403	465	404	SH		SOLE		0	0	404
PRINCIPAL FINL GROUP INC	COM	74251V102	233	4,535	SH		SOLE		0	0	4,535
PROCTER & GAMBLE CO	COM	742718109	1,387	17,731	SH		SOLE		0	0	17,731
PROSHARES TR	PSHS SHRT S&P500	74347R503	18,230	854,270	SH		SOLE		0	0	854,270
REALTY INCOME CORP	COM	756109104	1,450	32,671	SH		SOLE		0	0	32,671
REINSURANCE GROUP AMER INC	COM NEW	759351604	344	3,630	SH		SOLE		0	0	3,630
RENEWABLE ENERGY GROUP INC	COM NEW	75972A301	1,193	103,200	SH		SOLE		0	0	103,200
REVENUESHARES ETF TR	S&P500 FINL FD	761396506	1,488	29,697	SH		SOLE		0	0	29,697
REXAHN PHARMACEUTICALS INC	COM	761640101	12	20,000	SH		SOLE		0	0	20,000
RIO TINTO PLC	SPONSORED ADR	767204100	208	5,054	SH		SOLE		0	0	5,054
ROSS STORES INC	COM	778296103	367	7,547	SH		SOLE		0	0	7,547
RYERSON HLDG CORP	COM	783754104	100	11,000	SH		SOLE		0	0	11,000
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	2,613	32,738	SH		SOLE		0	0	32,738
RYDEX ETF TRUST	GUG RUSS TOP 50	78355W205	1,212	8,566	SH		SOLE		0	0	8,566
SANMINA CORPORATION	COM	801056102	1,244	61,693	SH		SOLE		0	0	61,693
SAPPI LTD	SPON ADR NEW	803069202	339	98,000	SH		SOLE		0	0	98,000
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	876	18,433	SH		SOLE		0	0	18,433
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	207	4,991	SH		SOLE		0	0	4,991
SKYWEST INC	COM	830879102	1,238	82,300	SH		SOLE		0	0	82,300
SOUTHERN CO	COM	842587107	216	5,148	SH		SOLE		0	0	5,148
SOUTHWEST AIRLS CO	COM	844741108	636	19,216	SH		SOLE		0	0	19,216
SPDR S&P 500 ETF TR	UNIT SER 1 S&P	78462F103	13,113	63,701	SH		SOLE		0	0	63,701
SPDR INDEX SHS FDS	DJ GLB RL ES ETF	78463X749	1,605	35,021	SH		SOLE		0	0	35,021
SPDR SERIES TRUST	NUVN BRCLY MUNI	78464A458	983	41,433	SH		SOLE		0	0	41,433
SPDR SERIES TRUST	S&P CAP MKTS	78464A771	875	17,235	SH		SOLE		0	0	17,235
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	6,563	24,023	SH		SOLE		0	0	24,023
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	365	2,075	SH		SOLE		0	0	2,075
SPRINT CORP	COM SER 1	85207U105	58	12,728	SH		SOLE		0	0	12,728
STARBUCKS CORP	COM	855244109	1,357	25,312	SH		SOLE		0	0	25,312
STAR BULK CARRIERS CORP	SHS NEW	Y8162K121	656	223,054	SH		SOLE		0	0	223,054
SWIFT ENERGY CO	COM	870738101	243	119,680	SH		SOLE		0	0	119,680
SYNAPTICS INC	COM	87157D109	477	5,500	SH		SOLE		0	0	5,500
TARGET CORP	COM	87612E106	262	3,208	SH		SOLE		0	0	3,208
TENNECO INC	COM	880349105	230	4,000	SH		SOLE		0	0	4,000
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	301	5,093	SH		SOLE		0	0	5,093
3M CO	COM	88579Y101	237	1,534	SH		SOLE		0	0	1,534
TIDEWATER INC	COM	886423102	827	36,400	SH		SOLE		0	0	36,400
TITAN MACHY INC	COM	88830R101	828	56,200	SH		SOLE		0	0	56,200
TJX COS INC NEW	COM	872540109	229	3,463	SH		SOLE		0	0	3,463
TRIBUNE PUBG CO	COM	896082104	449	28,900	SH		SOLE		0	0	28,900
TRINITY INDS INC	COM	896522109	258	9,765	SH		SOLE		0	0	9,765
TRINSEO S A	SHS	L9340P101	1,112	41,420	SH		SOLE		0	0	41,420
TWO HBRS INVT CORP	COM	90187B101	277	28,443	SH		SOLE		0	0	28,443
UNION PAC CORP	COM	907818108	444	4,657	SH		SOLE		0	0	4,657
UNISYS CORP	COM NEW	909214306	848	42,400	SH		SOLE		0	0	42,400
UNITED STATES OIL FUND LP	UNITS	91232N108	393	19,758	SH		SOLE		0	0	19,758
US BANCORP DEL	COM NEW	902973304	241	5,542	SH		SOLE		0	0	5,542
VALERO ENERGY CORP NEW	COM	91913Y100	1,736	27,737	SH		SOLE		0	0	27,737
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	1,081	13,298	SH		SOLE		0	0	13,298
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	2,512	37,312	SH		SOLE		0	0	37,312
VANGUARD INTL EQUITY	ALLWRLD EX US	922042775	574	11,828	SH		SOLE		0	0	11,828
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	4,882	62,131	SH		SOLE		0	0	62,131
VANGUARD INDEX FDS	MCAP VL IDXVIP	922908512	2,009	22,182	SH		SOLE		0	0	22,182
VANGUARD INDEX FDS	REIT ETF	922908553	603	8,073	SH		SOLE		0	0	8,073
VANGUARD INDEX FDS	EXTEND MKT ETF	922908652	802	8,722	SH		SOLE		0	0	8,722
VANGUARD WORLD FDS	TELCOMM ETF	92204A884	880	10,126	SH		SOLE		0	0	10,126
VANGUARD WORLD FD	MEGA CAP VAL ETF	921910840	202	3,379	SH		SOLE		0	0	3,379
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	293	1,550	SH		SOLE		0	0	1,550
VECTOR GROUP LTD	COM	92240M108	458	19,539	SH		SOLE		0	0	19,539
VENTAS INC	COM	92276F100	819	13,194	SH		SOLE		0	0	13,194
VERIZON	COM	92343V104	683	14,651	SH		SOLE		0	0	14,651
WAL-MART STORES INC	COM	931142103	509	7,176	SH		SOLE		0	0	7,176
WALGREENS BOOTS ALLIANCE INC	COM	931427108	593	7,024	SH		SOLE		0	0	7,024
WELLS FARGO & CO	COM	949746101	890	15,817	SH		SOLE		0	0	15,817
WYNDHAM WORLDWIDE CORP	COM	98310W108	474	5,786	SH		SOLE		0	0	5,786