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
3M CO	COM	88579Y101	267	1,526	SH		SOLE		0	0	1,526
ABBVIE INC	COM	00287Y109	688	11,117	SH		SOLE		0	0	11,117
AEGEAN MARINE PETROLEUM NETW	SHS	Y0017S102	570	103,690	SH		SOLE		0	0	103,690
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	753	9,470	SH		SOLE		0	0	9,470
ALLERGAN PLC	SHS	G0177J108	1,297	5,612	SH		SOLE		0	0	5,612
ALLY FINL INC	COM	02005N100	836	49,000	SH		SOLE		0	0	49,000
ALPHABET INC	CAP STK CL C	02079K107	633	914	SH		SOLE		0	0	914
ALPHABET INC	CAP STK CL A	02079K305	487	692	SH		SOLE		0	0	692
ALPS ETF TR	ALERIAN MLP	00162Q866	4,341	341,289	SH		SOLE		0	0	341,289
ALTRIA GROUP INC	COM	02209S103	6,072	88,055	SH		SOLE		0	0	88,055
AMAZON COM INC	COM	023135106	693	969	SH		SOLE		0	0	969
AMEREN CORP	COM	023608102	332	6,203	SH		SOLE		0	0	6,203
AMERICAN ELEC PWR INC	COM	025537101	224	3,191	SH		SOLE		0	0	3,191
AMERICAN EXPRESS CO	COM	025816109	207	3,413	SH		SOLE		0	0	3,413
AMERICAN TOWER CORP NEW	COM	03027X100	322	2,837	SH		SOLE		0	0	2,837
AMERISERV FINL INC	COM	03074A102	124	40,900	SH		SOLE		0	0	40,900
AMGEN INC	COM	031162100	907	5,961	SH		SOLE		0	0	5,961
ANNALY CAP MGMT INC	COM	035710409	342	30,934	SH		SOLE		0	0	30,934
APPLE INC	COM	037833100	6,463	67,602	SH		SOLE		0	0	67,602
ARCBEST CORP	COM	03937C105	544	33,500	SH		SOLE		0	0	33,500
ASCENA RETAIL GROUP INC	COM	04351G101	548	78,400	SH		SOLE		0	0	78,400
AT&T INC	COM	00206R102	3,998	92,521	SH		SOLE		0	0	92,521
ATLAS AIR WORDWIDE HLDGS IN	COM NEW	049164205	1,335	32,220	SH		SOLE		0	0	32,220
AUTOMATIC DATA PROCESSING IN	COM	053015103	631	6,869	SH		SOLE		0	0	6,869
BANK OF AMERICA	COM	060505104	463	34,924	SH		SOLE		0	0	34,924
BARCLAYS BK PLC	IPSP CROIL ETN	06738C786	246	39,409	SH		SOLE		0	0	39,409
BARCLAYS PLC	ADR	06738E204	160	20,999	SH		SOLE		0	0	20,999
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	2,776	19,175	SH		SOLE		0	0	19,175
BIOGEN INC	COM	09062X103	381	1,577	SH		SOLE		0	0	1,577
BLACKROCK KELSO CAPITAL CORP	COM	092533108	152	19,520	SH		SOLE		0	0	19,520
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	359	14,614	SH		SOLE		0	0	14,614
BOEING CO	COM	097023105	827	6,368	SH		SOLE		0	0	6,368
BRISTOL MYERS SQUIBB CO	COM	110122108	465	6,327	SH		SOLE		0	0	6,327
CAPITAL ONE FINL CORP	COM	14040H105	217	3,413	SH		SOLE		0	0	3,413
CAPSTEAD MTG CORP	COM NO PAR	14067E506	250	25,751	SH		SOLE		0	0	25,751
CATERPILLAR INC DEL	COM	149123101	401	5,288	SH		SOLE		0	0	5,288
CELGENE CORP	COM	151020104	580	5,884	SH		SOLE		0	0	5,884
CHEVRON CORP NEW	COM	166764100	935	8,917	SH		SOLE		0	0	8,917
CHICAGO BRIDGE & IRON CO N V	COM	167250109	879	25,396	SH		SOLE		0	0	25,396
CHIPOTLE MEXICAN GRILL INC	COM	169656105	226	562	SH		SOLE		0	0	562
CHUBB LIMITED	COM	H1467J104	278	2,125	SH		SOLE		0	0	2,125
CISCO SYS INC	COM	17275R102	732	25,502	SH		SOLE		0	0	25,502
CLAYMORE EXCHANGE TRD FD TR	GUG MIDCAP CORE	18383M720	229	4,523	SH		SOLE		0	0	4,523
CLOUD PEAK ENERGY INC	COM	18911Q102	307	148,860	SH		SOLE		0	0	148,860
CNA FINL CORP	COM	126117100	544	17,320	SH		SOLE		0	0	17,320
COCA COLA COMPANY	COM	191216100	921	20,307	SH		SOLE		0	0	20,307
COLUMBIA PPTY TR INC	COM NEW	198287203	678	31,689	SH		SOLE		0	0	31,689
CONOCOPHILLIPS	COM	20825C104	314	7,195	SH		SOLE		0	0	7,195
COSTCO WHSL CORP NEW	COM	22160K105	332	2,114	SH		SOLE		0	0	2,114
CTI BIOPHARMA CORP	COM	12648L106	5	14,924	SH		SOLE		0	0	14,924
CVS HEALTH CORP	COM	126650100	371	3,872	SH		SOLE		0	0	3,872
DELTA AIR LINES INC DEL	COM NEW	247361702	536	14,712	SH		SOLE		0	0	14,712
DESTINATION MATERNITY CORP	COM	25065D100	298	50,600	SH		SOLE		0	0	50,600
DBX ETF TR	XTRAK MSCI EAFE	233051200	425	17,010	SH		SOLE		0	0	17,010
DBX ETF TR	DB XTR MSCI EUR	233051853	207	8,413	SH		SOLE		0	0	8,413
DIAGEO PLC	SPON ADR NEW	25243Q205	287	2,544	SH		SOLE		0	0	2,544
DISNEY WALT CO	COM DISNEY	254687106	835	8,540	SH		SOLE		0	0	8,540
DUKE ENERGY CORP NEW	COM NEW	26441C204	525	6,120	SH		SOLE		0	0	6,120
EATON VANCE FLTING RATE INC	COM	278279104	138	10,312	SH		SOLE		0	0	10,312
EMERSON ELEC CO	COM	291011104	534	10,236	SH		SOLE		0	0	10,236
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	455	11,947	SH		SOLE		0	0	11,947
ENTERPRISE PRODS PARTNERS L	COM	293792107	426	14,567	SH		SOLE		0	0	14,567
EXELON CORP	COM	30161N101	420	11,555	SH		SOLE		0	0	11,555
EXPRESS SCRIPTS HLDG CO	COM	30219G108	1,178	15,545	SH		SOLE		0	0	15,545
EXXON MOBIL CORP	COM	30231G102	2,183	23,286	SH		SOLE		0	0	23,286
FACEBOOK INC	CL A	30303M102	333	2,913	SH		SOLE		0	0	2,913
FEDEX CORP	COM	31428X106	210	1,383	SH		SOLE		0	0	1,383
FIDELITY	TELECOM SVCS	316092873	949	30,317	SH		SOLE		0	0	30,317
FIRST TR EXCH TRADED FD III	LNG/SHT EQUITY	33739P103	1,923	60,430	SH		SOLE		0	0	60,430
FIRST TR EXCHANGE TRADED FD	NY ARCA BIOTECH	33733E203	477	5,334	SH		SOLE		0	0	5,334
FIRST TR EXCHANGE TRADED FD	DJ INTERNT IDX	33733E302	982	13,610	SH		SOLE		0	0	13,610
FIRST TR EXCHANGE TRADED FD	CONSUMR STAPLE	33734X119	2,758	57,026	SH		SOLE		0	0	57,026
FIRST TR EXCHANGE TRADED FD	ENERGY ALPHADX	33734X127	335	22,495	SH		SOLE		0	0	22,495
FIRST TR EXCHANGE TRADED FD	FINLS ALPHADEX	33734X135	1,221	52,820	SH		SOLE		0	0	52,820
FIRST TR EXCHANGE TRADED FD	TECH ALPHADEX	33734X176	1,047	31,727	SH		SOLE		0	0	31,727
FIRST TR EXCHANGE TRADED FD	UTILITIES ALPH	33734X184	854	31,612	SH		SOLE		0	0	31,612
FIRST TR EXCHANGE TRADED FD	MULTI ASSET DI	33738R100	753	38,964	SH		SOLE		0	0	38,964
FIRST TR EXCHANGE TRADED FD	NASD TECH DIV	33738R118	346	13,024	SH		SOLE		0	0	13,024
FIRST TR EXCHANGE TRADED FD	DORSEY WRT 5 ETF	33738R605	5,024	224,693	SH		SOLE		0	0	224,693
FIRST TR EXCHANGE TRADED FD	DORSEY WRT	33738R886	1,650	99,400	SH		SOLE		0	0	99,400
FIRST TR EXCHANGE TRADED FD	PFD SECS INC ETF	33739E108	1,853	97,450	SH		SOLE		0	0	97,450
FIRST TR EXCHANGE TRADED FD	FST LOW OPPT ETF	33739Q200	2,041	39,559	SH		SOLE		0	0	39,559
FIRST TR EXCHANGE TRADED FD I	MANAGD MUN ETF	33739N108	2,887	53,518	SH		SOLE		0	0	53,518
FIRST TR MORNINGSTAR DIV LEA	SHS	336917109	958	35,715	SH		SOLE		0	0	35,715
FIRST TR NAS100 EQ WEIGHTED	SHS	337344105	317	7,567	SH		SOLE		0	0	7,567
FIRST TR US IPO INDEX FD	SHS	336920103	518	10,253	SH		SOLE		0	0	10,253
FIRST TR VALUE LINE 100 ETF	COM SHS	33735G107	221	10,870	SH		SOLE		0	0	10,870
FIRST TR VALUE LINE DIVID IN	SHS	33734H106	1,142	42,356	SH		SOLE		0	0	42,356
FLEXSHARES TR	READY ACC VARI	33939L886	475	6,291	SH		SOLE		0	0	6,291
FLEXTRONICS INTL LTD	ORD	Y2573F102	929	78,700	SH		SOLE		0	0	78,700
FORD MOTOR CO DEL	COM PAR $0.01	345370860	628	49,967	SH		SOLE		0	0	49,967
FRONTIER COMMUNICATIONS CORP	COM	35906A108	95	19,252	SH		SOLE		0	0	19,252
FS INVT CORP	COM	302635107	417	46,082	SH		SOLE		0	0	46,082
GENERAL CABLE CORP	COM	369300108	1,072	84,380	SH		SOLE		0	0	84,380
GENERAL DYNAMICS CORP	COM	369550108	418	3,002	SH		SOLE		0	0	3,002
GENERAL ELECTRIC CO	COM	369604103	1,616	51,348	SH		SOLE		0	0	51,348
GENERAL MLS INC	COM	370334104	224	3,141	SH		SOLE		0	0	3,141
GILEAD SCIENCES INC	COM	375558103	1,228	14,723	SH		SOLE		0	0	14,723
GLOBAL NET LEASE INC	COM	379378102	168	21,172	SH		SOLE		0	0	21,172
GOODYEAR TIRE & RUBBER COMPANY	COM	382550101	991	38,610	SH		SOLE		0	0	38,610
GROUP 1 AUTOMOTIVE INC	COM	398905109	568	11,500	SH		SOLE		0	0	11,500
HCP INC	COM	40414L109	322	9,101	SH		SOLE		0	0	9,101
HOME BANCSHARES INC	COM	436893200	220	11,122	SH		SOLE		0	0	11,122
HOME DEPOT INC	COM	437076102	542	4,243	SH		SOLE		0	0	4,243
HUNTINGTON BANCSHARES INC	COM	446150104	271	30,355	SH		SOLE		0	0	30,355
HUNTSMAN CORP	COM	447011107	987	73,400	SH		SOLE		0	0	73,400
IMMUNOMEDICS INC	COM	452907108	45	19,500	SH		SOLE		0	0	19,500
INGRAM MICRO INC	CL A	457153104	327	9,400	SH		SOLE		0	0	9,400
INTEL CORP	COM	458140100	974	29,710	SH		SOLE		0	0	29,710
INTL BUSINESS MACH	COM	459200101	548	3,613	SH		SOLE		0	0	3,613
ISHARES	MIN VOL EMRG MKT	464286533	893	173,181	SH		SOLE		0	0	173,181
ISHARES	MSCI EQUAL WEITE	464286681	339	7,718	SH		SOLE		0	0	7,718
ISHARES	BARCLYS TIPS BD	464287176	1,443	12,372	SH		SOLE		0	0	12,372
ISHARES	CORE S&P500 ETF	464287200	405	1,922	SH		SOLE		0	0	1,922
ISHARES	CORE TOTUSBD ETF	464287226	20,148	178,909	SH		SOLE		0	0	178,909
ISHARES	MSCI EMERG MKT	464287234	1,924	55,987	SH		SOLE		0	0	55,987
ISHARES	IBOXX INV CPBD	464287242	648	5,278	SH		SOLE		0	0	5,278
ISHARES	S&P 500 GRWT ETF	464287309	3,215	27,575	SH		SOLE		0	0	27,575
ISHARES	S&P 500 VAL ETF	464287408	2,273	24,463	SH		SOLE		0	0	24,463
ISHARES	TREAS INDEX FD	464287432	1,459	10,505	SH		SOLE		0	0	10,505
ISHARES	7-10 YR TRS BD	464287440	7,617	67,434	SH		SOLE		0	0	67,434
ISHARES	1-3 YR TRS BD	464287457	583	6,836	SH		SOLE		0	0	6,836
ISHARES	MSCI EAFE INDEX	464287465	703	12,596	SH		SOLE		0	0	12,596
ISHARES	CORE S&P MCP ETF	464287507	532	3,563	SH		SOLE		0	0	3,563
ISHARES	COHEN&STEER REIT	464287564	1,078	9,966	SH		SOLE		0	0	9,966
ISHARES	S&P MC 400GR ETF	464287606	297	1,757	SH		SOLE		0	0	1,757
ISHARES	RUSSELL 2000	464287655	403	3,507	SH		SOLE		0	0	3,507
ISHARES	RUSSELL 3000	464287689	799	6,441	SH		SOLE		0	0	6,441
ISHARES	DJ US REAL EST	464287739	3,652	44,323	SH		SOLE		0	0	44,323
ISHARES	CORE S&P SCP ETF	464287804	633	5,450	SH		SOLE		0	0	5,450
ISHARES TR	U.S. BAS MTL ETF	464287838	1,931	25,429	SH		SOLE		0	0	25,429
ISHARES	SP SMCP600VL ETF	464287879	3,352	28,693	SH		SOLE		0	0	28,693
ISHARES	SP SMCP600GR ETF	464287887	342	2,666	SH		SOLE		0	0	2,666
ISHARES TR	JP MOR EM MK ETF	464288281	395	3,431	SH		SOLE		0	0	3,431
ISHARES	IBOXX HI YD ETF	464288513	348	4,105	SH		SOLE		0	0	4,105
ISHARES	1-3 YR CR BD ETF	464288646	337	3,173	SH		SOLE		0	0	3,173
ISHARES	US PFD STK IDX	464288687	7,487	187,694	SH		SOLE		0	0	187,694
ISHARES	17 AMT-FREE ETF	464289271	246	8,996	SH		SOLE		0	0	8,996
ISHARES GOLD TRUST	ISHARES	464285105	219	17,185	SH		SOLE		0	0	17,185
ISHARES TR	CORE S&P TTL STK	464287150	451	4,732	SH		SOLE		0	0	4,732
ISHARES TR	RUS 1000 ETF	464287622	206	1,766	SH		SOLE		0	0	1,766
ISHARES TR	CORE US VAL ETF	464287663	343	2,556	SH		SOLE		0	0	2,556
ISHARES TR	CORE US GRW ETF	464287671	330	4,040	SH		SOLE		0	0	4,040
ISHARES TR	U.S. UTILITS ETF	464287697	333	2,535	SH		SOLE		0	0	2,535
ISHARES TR	S&P MC 400VL ETF	464287705	3,706	28,939	SH		SOLE		0	0	28,939
ISHARES TR	U.S. TECH ETF	464287721	292	2,773	SH		SOLE		0	0	2,773
ISHARES TR	U.S. ENERGY ETF	464287796	262	6,834	SH		SOLE		0	0	6,834
ISHARES TR	DOW JONES US ETF	464287846	1,134	10,840	SH		SOLE		0	0	10,840
ISHARES TR	NAT AMT FREE BD	464288414	294	2,579	SH		SOLE		0	0	2,579
ISHARES TR	10-20 YR TRS ETF	464288653	628	4,282	SH		SOLE		0	0	4,282
ISHARES TR	U.S. MED DVC ETF	464288810	296	2,185	SH		SOLE		0	0	2,185
ISHARES TR	US HLTHCR PR ETF	464288828	222	1,740	SH		SOLE		0	0	1,740
ISHARES	GRWT ALLOCAT ETF	464289867	1,933	48,281	SH		SOLE		0	0	48,281
ISHARES TR	FLTG RATE BD ETF	46429B655	207	4,090	SH		SOLE		0	0	4,090
ISHARES TR	CORE HIGH DV ETF	46429B663	596	7,260	SH		SOLE		0	0	7,260
ISHARES TR	MIN VOL EAFE ETF	46429B689	3,834	57,755	SH		SOLE		0	0	57,755
ISHARES TR	USA MIN VOL ETF	46429B697	4,389	94,983	SH		SOLE		0	0	94,983
ISHARES TR	MRNGSTR INC ETF	46432F875	933	37,531	SH		SOLE		0	0	37,531
ISHARES TR	CORE DIV GRWTH	46434V621	431	15,790	SH		SOLE		0	0	15,790
JOHNSON & JOHNSON	COM	478160104	1,687	13,907	SH		SOLE		0	0	13,907
JP MORGAN CHASE & CO	COM	46625H100	1,697	27,306	SH		SOLE		0	0	27,306
JP MORGAN CHASE & CO	ALERIAN ML ETN	46625H365	336	10,575	SH		SOLE		0	0	10,575
JABIL CIRCUIT INC	COM	466313103	421	22,800	SH		SOLE		0	0	22,800
KIMBERLY CLARK CORP	COM	494368103	748	5,443	SH		SOLE		0	0	5,443
KKR & CO L P DEL	COM UNITS	48248M102	181	14,700	SH		SOLE		0	0	14,700
KORN FERRY INTL	COM NEW	500643200	277	13,398	SH		SOLE		0	0	13,398
KRAFT HEINZ CO	COM	500754106	346	3,912	SH		SOLE		0	0	3,912
LILLY ELI & CO	COM	532457108	532	6,758	SH		SOLE		0	0	6,758
LOCKWOOD MARTIN CORP	COM	539830109	205	826	SH		SOLE		0	0	826
MANNKIND CORP	COM	56400P201	14	12,250	SH		SOLE		0	0	12,250
MCDERMOTT INTL INC	COM	580037109	969	196,200	SH		SOLE		0	0	196,200
MCDONALDS CORP	COM	580135101	875	7,273	SH		SOLE		0	0	7,273
MCKESSON CORP	COM	58155Q103	253	1,356	SH		SOLE		0	0	1,356
MEMORIAL PRODTN PARTNERS LP	COM U REP LTD	586048100	218	114,925	SH		SOLE		0	0	114,925
MERCK & CO INC NEW	COM	58933Y105	1,396	24,238	SH		SOLE		0	0	24,238
MERITOR INC	COM	59001K100	640	88,880	SH		SOLE		0	0	88,880
MICROSOFT CORP	COM	594918104	1,207	23,584	SH		SOLE		0	0	23,584
MOLSON COORS BREWING CO	CL B	60871R209	1,045	10,330	SH		SOLE		0	0	10,330
MONDELEZ INTL INC	CL A	609207105	217	4,765	SH		SOLE		0	0	4,765
MONOGRAM RESIDENTIAL TR INC	COM	60979P105	2,625	257,101	SH		SOLE		0	0	257,101
MONSANTO CO NEW	COM	61166W101	213	2,055	SH		SOLE		0	0	2,055
MYLAN N V	SHS EURO	N59465109	301	6,967	SH		SOLE		0	0	6,967
NAVIOS MARITIME ACQUIS CORP	SHS	Y62159101	141	90,000	SH		SOLE		0	0	90,000
NAVISTAR INTL CORP	PFD SR D CONV	63934E108	1,123	96,100	SH		SOLE		0	0	96,100
NETFLIX INC	COM	64110L106	290	3,166	SH		SOLE		0	0	3,166
NEURALSTEM INC	COM	64127R302	3	10,000	SH		SOLE		0	0	10,000
NEW YORK CMNTY BANCORP INC	COM	649445103	237	15,802	SH		SOLE		0	0	15,802
NIKE INC	CL B	654106103	796	14,421	SH		SOLE		0	0	14,421
NORFOLK SOUTHERN CORP	COM	655844108	279	3,277	SH		SOLE		0	0	3,277
NOVARTIS A G	SPONSORED ADR	66987V109	279	3,383	SH		SOLE		0	0	3,383
NUVEEN SR INCOME FD	COM	67067Y104	65	10,772	SH		SOLE		0	0	10,772
NXP SEMICONDUCTORS N V	COM	N6596X109	345	4,402	SH		SOLE		0	0	4,402
OMEGA HEALTHCARE INVS INC	COM	681936100	555	16,352	SH		SOLE		0	0	16,352
PARAGON OFFSHORE PLC	SHS	G6S01W108	23	30,032	SH		SOLE		0	0	30,032
PARKER DRILLING CO	COM	701081101	688	300,500	SH		SOLE		0	0	300,500
PBF ENERGY INC	CL A	69318G106	867	36,452	SH		SOLE		0	0	36,452
PEPSICO INC	COM	713448108	373	3,520	SH		SOLE		0	0	3,520
PEREGRINE PHARMACEUTICALS IN	COM NEW	713661304	6	17,240	SH		SOLE		0	0	17,240
PFIZER INC	COM	717081103	1,247	35,415	SH		SOLE		0	0	35,415
PHILIP MORRIS INTL INC	COM	718172109	709	6,970	SH		SOLE		0	0	6,970
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	237	10,993	SH		SOLE		0	0	10,993
PIER 1 IMPORTS INC	COM	720279108	483	93,900	SH		SOLE		0	0	93,900
PIMCO DYNAMIC CR INCOME FD	COM SHS	72202D106	1,318	68,918	SH		SOLE		0	0	68,918
PIMCO ETF TR	TOTL RETN ETF	72201R775	372	3,467	SH		SOLE		0	0	3,467
PIMCO ETF TR	ENHAN SHRT MAT	72201R833	4,372	43,218	SH		SOLE		0	0	43,218
PIONEER NAT RES CO	COM	723787107	289	1,909	SH		SOLE		0	0	1,909
POWERSHARES ETF TR II	PFD PORTFOLIO	73936T565	185	12,127	SH		SOLE		0	0	12,127
POWERSHARES ETF TR II	BUILD AMER ETF	73937B407	272	8,652	SH		SOLE		0	0	8,652
POWERSHARES ETF TR II	S&P600 LOVL PT	73937B639	2,403	64,891	SH		SOLE		0	0	64,891
POWERSHARES ETF TR II	S&P400 LOVL PT	73937B647	370	9,447	SH		SOLE		0	0	9,447
POWERSHARES ETF TR II	PWRSHS SP500 LOW	73937B654	564	14,755	SH		SOLE		0	0	14,755
POWERSHARES ETF TR II	S&P500 LOW VOL	73937B779	295	6,903	SH		SOLE		0	0	6,903
POWERSHARES ETF TRUST	DWA TECH LDRS	73935X153	291	6,916	SH		SOLE		0	0	6,916
POWERSHARES ETF TRUST	HI YLD EQ DVDN	73935X302	2,201	141,536	SH		SOLE		0	0	141,536
POWERSHARES ETF TRUST	HLTHCR SEC POR	73935X351	206	4,604	SH		SOLE		0	0	4,604
POWERSHARES QQQ TR	UNIT SER 1	73935A104	4,111	38,227	SH		SOLE		0	0	38,227
PRICELINE GRP INC	COM NEW	741503403	644	516	SH		SOLE		0	0	516
PRIVATEBANCORP INC	COM	742962103	539	12,253	SH		SOLE		0	0	12,253
PROCTER & GAMBLE CO	COM	742718109	1,877	22,174	SH		SOLE		0	0	22,174
PROSHARES TR	PSHS ULSHT SP500	74347B300	236	13,241	SH		SOLE		0	0	13,241
PROSHARES TR	SHORT S&P 500 NE	74347B425	11,335	285,850	SH		SOLE		0	0	285,850
QUALCOMM INC	COM	747525103	210	3,913	SH		SOLE		0	0	3,913
RALPH LAUREN CORP	CL A	751212101	326	3,640	SH		SOLE		0	0	3,640
REALTY INCOME CORP	COM	756109104	1,990	28,696	SH		SOLE		0	0	28,696
REINSURANCE GROUP AMER INC	COM NEW	759351604	352	3,630	SH		SOLE		0	0	3,630
RENEWABLE ENERGY GROUP INC	COM NEW	75972A301	941	106,600	SH		SOLE		0	0	106,600
REXAHN PHARMACEUTICALS INC	COM	761640101	5	21,500	SH		SOLE		0	0	21,500
ROSS STORES INC	COM	778296103	356	6,276	SH		SOLE		0	0	6,276
RYDEX ETF TRUST	GUG S&P500 EQ WT	78355W106	2,705	33,665	SH		SOLE		0	0	33,665
RYDEX ETF TRUST	GUG S&P500 EWCON	78355W874	319	2,474	SH		SOLE		0	0	2,474
RYERSON HLDG CORP	COM	783754104	1,698	97,040	SH		SOLE		0	0	97,040
SANMINA CORPORATION	COM	801056102	980	36,550	SH		SOLE		0	0	36,550
SAPPI LTD	SPON ADR NEW	803069202	458	98,000	SH		SOLE		0	0	98,000
SCHLUMBERGER LTD	COM	806857108	276	3,489	SH		SOLE		0	0	3,489
SELECT INCOME REIT	COM SH BEN INT	81618T100	323	12,439	SH		SOLE		0	0	12,439
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	777	9,950	SH		SOLE		0	0	9,950
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	268	3,933	SH		SOLE		0	0	3,933
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	779	14,849	SH		SOLE		0	0	14,849
SKECHERS U S A INC	CL A	830566105	284	9,545	SH		SOLE		0	0	9,545
SKYWEST INC	COM	830879102	1,516	57,300	SH		SOLE		0	0	57,300
SONIC AUTOMOTIVE INC	CL A	83545G102	561	32,800	SH		SOLE		0	0	32,800
SOUTHERN CO	COM	842587107	383	7,140	SH		SOLE		0	0	7,140
SOUTHWEST AIRLS CO	COM	844741108	649	16,560	SH		SOLE		0	0	16,560
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	3,120	17,429	SH		SOLE		0	0	17,429
SPDR GOLD TRUST	GOLD SHS	78463V107	1,713	13,545	SH		SOLE		0	0	13,545
SPDR INDEX SHS FDS	DJ GLB RL ES ETF	78463X749	527	10,473	SH		SOLE		0	0	10,473
SPDR S&P 500 ETF TR	UNIT SER 1 S&P	78462F103	8,952	42,736	SH		SOLE		0	0	42,736
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	2,949	10,833	SH		SOLE		0	0	10,833
SPDR SER TR	NUVN BRCLY MUNI	78468R721	1,103	21,802	SH		SOLE		0	0	21,802
SPDR SERIES TRUST	S&P DIVID ETF	78464A763	456	5,439	SH		SOLE		0	0	5,439
SPDR SER TR	SHRT TRSRY ETF	78468R101	494	16,122	SH		SOLE		0	0	16,122
STAR BULK CARRIERS CORP	SHS PAR	Y8162K204	204	68,960	SH		SOLE		0	0	68,960
STARBUCKS CORP	COM	855244109	1,068	18,698	SH		SOLE		0	0	18,698
SUNOCO LP	COM U REP LP	86765K109	439	14,671	SH		SOLE		0	0	14,671
SUNTRUST BKS INC	COM	867914103	323	7,863	SH		SOLE		0	0	7,863
SYNAPTICS INC	COM	87157D109	266	4,950	SH		SOLE		0	0	4,950
TARGET CORP	COM	87612E106	314	4,503	SH		SOLE		0	0	4,503
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	254	5,058	SH		SOLE		0	0	5,058
TIDEWATER INC	COM	886423102	87	19,700	SH		SOLE		0	0	19,700
TIER REIT INC	COM NEW	88650V208	352	22,974	SH		SOLE		0	0	22,974
TITAN MACHY INC	COM	88830R101	469	42,050	SH		SOLE		0	0	42,050
TJX COS INC NEW	COM	872540109	331	4,292	SH		SOLE		0	0	4,292
TOWER INTL INC	COM	891826109	529	25,700	SH		SOLE		0	0	25,700
TRINSEO S A	SHS	L9340P101	1,649	38,420	SH		SOLE		0	0	38,420
TROVAGENE INC	COM NEW	897238309	103	22,800	SH		SOLE		0	0	22,800
TUTOR PERINI CORP	COM	901109108	1,135	48,200	SH		SOLE		0	0	48,200
TWO HBRS INVT CORP	COM	90187B101	163	19,069	SH		SOLE		0	0	19,069
UNION PAC CORP	COM	907818108	470	5,385	SH		SOLE		0	0	5,385
UNISYS CORP	COM NEW	909214306	738	101,350	SH		SOLE		0	0	101,350
UNITEDHEALTH GROUP INC	COM	91324P102	251	1,775	SH		SOLE		0	0	1,775
UNITED STATES OIL FUND LP	UNITS	91232N108	2,141	185,076	SH		SOLE		0	0	185,076
US BANCORP DEL	COM NEW	902973304	297	7,356	SH		SOLE		0	0	7,356
VALERO ENERGY CORP NEW	COM	91913Y100	406	7,953	SH		SOLE		0	0	7,953
VANECK VECTORS ETF TR	HIGH YLD MUN ETF	92189F361	309	9,567	SH		SOLE		0	0	9,567
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	452	5,572	SH		SOLE		0	0	5,572
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	2,115	25,086	SH		SOLE		0	0	25,086
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	626	3,259	SH		SOLE		0	0	3,259
VANGUARD INDEX FDS	MCAP VL IDXVIP	922908512	2,068	23,210	SH		SOLE		0	0	23,210
VANGUARD INDEX FDS	REIT ETF	922908553	542	6,115	SH		SOLE		0	0	6,115
VANGUARD INDEX FDS	EXTEND MKT ETF	922908652	885	10,355	SH		SOLE		0	0	10,355
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	1,173	10,946	SH		SOLE		0	0	10,946
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	431	9,243	SH		SOLE		0	0	9,243
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	5,375	64,568	SH		SOLE		0	0	64,568
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	3,029	42,393	SH		SOLE		0	0	42,393
VANGUARD WORLD FDS	TELCOMM ETF	92204A884	484	4,915	SH		SOLE		0	0	4,915
VANGUARD WORLD FD	MEGA CAP VAL ETF	921910840	251	4,079	SH		SOLE		0	0	4,079
VANGUARD ADMIRAL FDS INC	SMLLCP 600 IDX	921932828	298	2,829	SH		SOLE		0	0	2,829
VANGUARD BD INDEX FD INC	INTERMED TERM	921937819	201	2,279	SH		SOLE		0	0	2,279
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	271	3,351	SH		SOLE		0	0	3,351
VENTAS INC	COM	92276F100	950	13,046	SH		SOLE		0	0	13,046
VEREIT INC	COM	92339V100	1,271	125,333	SH		SOLE		0	0	125,333
VERIZON	COM	92343V104	3,170	56,769	SH		SOLE		0	0	56,769
VICTORY PORTFOLIOS II	CEMP US DISCOVER	92647N774	825	24,654	SH		SOLE		0	0	24,654
VICTORY PORTFOLIOS II	CEMP US 500 ENHA	92647N782	373	10,028	SH		SOLE		0	0	10,028
VICTORY PORTFOLIOS II	CEMP DEVELOPED E	92647N816	762	26,086	SH		SOLE		0	0	26,086
VICTORY PORTFOLIOS II	CEMP US EQ INCOM	92647N824	772	20,072	SH		SOLE		0	0	20,072
VISA INC	COM CL A	92826C839	594,219	8,012	SH		SOLE		0	0	8,012
WALGREENS BOOTS ALLIANCE INC	COM	931427108	653	7,837	SH		SOLE		0	0	7,837
WAL-MART STORES INC	COM	931142103	739	10,114	SH		SOLE		0	0	10,114
WEC ENERGY GROUP INC	COM	92939U106	2,451	37,528	SH		SOLE		0	0	37,528
WELLS FARGO & CO	COM	949746101	918	19,399	SH		SOLE		0	0	19,399
WELLTOWER INC	COM	95040Q104	344	4,521	SH		SOLE		0	0	4,521
WISDOMTREE TR	HIGH DIV FD	97717W208	207	3,104	SH		SOLE		0	0	3,104