Efficient Market 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
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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
ACHILLION PHARMACEUTICALS IN	COM	00448Q201	36	3,360	SH		SOLE		0	0	3,360
ALPS ETF TR	ALERIAN MLP	00162Q866	48	4,000	SH		SOLE		0	0	4,000
AMERICAN ELEC PWR INC	COM	025537101	18	303	SH		SOLE		0	0	303
AMERICAN EXPRESS CO	COM	025816109	52	754	SH		SOLE		0	0	754
APPLE INC	COM	037833100	77	730	SH		SOLE		0	0	730
AT&T INC	COM	00206R102	156	4,522	SH		SOLE		0	0	4,522
BANK AMER CORP	COM	060505104	17	1,000	SH		SOLE		0	0	1,000
BARRICK GOLD CORP	COM	067901108	5	700	SH		SOLE		0	0	700
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	59	450	SH		SOLE		0	0	450
BLACKROCK MUNIHLDNGS CALI QL	COM	09254L107	74	4,950	SH		SOLE		0	0	4,950
CARNIVAL CORP	PAIRED CTF	143658300	5	100	SH		SOLE		0	0	100
CATERPILLAR INC DEL	COM	149123101	20	300	SH		SOLE		0	0	300
CHEVRON CORP NEW	COM	166764100	117	1,301	SH		SOLE		0	0	1,301
CISCO SYS INC	COM	17275R102	60	2,210	SH		SOLE		0	0	2,210
CITIGROUP INC	COM NEW	172967424	10	200	SH		SOLE		0	0	200
COCA COLA CO	COM	191216100	22	503	SH		SOLE		0	0	503
COSTCO WHSL CORP NEW	COM	22160K105	292	1,810	SH		SOLE		0	0	1,810
CPI AEROSTRUCTURES INC	COM NEW	125919308	52	5,300	SH		SOLE		0	0	5,300
CREDIT SUISSE NASSAU BRH	INVRS VIX STERM	22542D795	15	564	SH		SOLE		0	0	564
CUTWATER SELECT INCOME FD	COM	232229104	133	7,307	SH		SOLE		0	0	7,307
DBX ETF TR	DB XTR MSCI EUR	233051853	32,262	1,248,015	SH		SOLE		0	0	1,248,015
DISNEY WALT CO	COM DISNEY	254687106	8	77	SH		SOLE		0	0	77
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	12	132	SH		SOLE		0	0	132
EATON VANCE CA MUNI INCOME T	SH BEN INT	27826F101	15	1,107	SH		SOLE		0	0	1,107
EATON VANCE CALIF MUN BD FD	COM	27828C106	13	1,000	SH		SOLE		0	0	1,000
EATON VANCE TAX MNGD GBL DV	COM	27829F108	9	1,000	SH		SOLE		0	0	1,000
EXETER RES CORP	COM	301835104	1	3,000	SH		SOLE		0	0	3,000
EXPEDIA INC DEL	COM NEW	30212P303	3	26	SH		SOLE		0	0	26
EXXON MOBIL CORP	COM	30231G102	156	2,002	SH		SOLE		0	0	2,002
FACEBOOK INC	CL A	30303M102	94	900	SH		SOLE		0	0	900
FIRST TR EXCHAN TRADED FD VI	FST TR GLB FD	33739H101	12,938	637,024	SH		SOLE		0	0	637,024
FORD MTR CO DEL	COM PAR $0.01	345370860	61	4,300	SH		SOLE		0	0	4,300
FRONTIER COMMUNICATIONS CORP	COM	35906A108	1	288	SH		SOLE		0	0	288
FS INVT CORP	COM	302635107	39	4,346	SH		SOLE		0	0	4,346
GENERAL ELECTRIC CO	COM	369604103	133	4,278	SH		SOLE		0	0	4,278
GENERAL MTRS CO	COM	37045V100	1	17	SH		SOLE		0	0	17
GLOBAL NET LEASE INC	COM	379378102	25	3,100	SH		SOLE		0	0	3,100
GOLDMAN SACHS GROUP INC	COM	38141G104	72	400	SH		SOLE		0	0	400
HEALTHCARE TR AMER INC	CL A NEW	42225P501	39	1,463	SH		SOLE		0	0	1,463
HOME DEPOT INC	COM	437076102	275	2,083	SH		SOLE		0	0	2,083
HUMANA INC	COM	444859102	71	400	SH		SOLE		0	0	400
INTEL CORP	COM	458140100	7	216	SH		SOLE		0	0	216
INTERNATIONAL BUSINESS MACHS	COM	459200101	46	335	SH		SOLE		0	0	335
INVESCO CALIF VALUE MUN INC	COM	46132H106	74	5,607	SH		SOLE		0	0	5,607
ISHARES	MSCI AUST ETF	464286103	19	990	SH		SOLE		0	0	990
ISHARES	MSCI BRZ CAP ETF	464286400	13	641	SH		SOLE		0	0	641
ISHARES	MSCI CDA ETF	464286509	13	598	SH		SOLE		0	0	598
ISHARES	MSCI EURZONE ETF	464286608	32	906	SH		SOLE		0	0	906
ISHARES	MSCI FRANCE ETF	464286707	21	858	SH		SOLE		0	0	858
ISHARES	MSCI GERMANY ETF	464286806	28	1,051	SH		SOLE		0	0	1,051
ISHARES	MSCI HONG KG ETF	464286871	14	717	SH		SOLE		0	0	717
ISHARES	MSCI JAPAN ETF	464286848	85	6,980	SH		SOLE		0	0	6,980
ISHARES	MSCI MEX CAP ETF	464286822	12	249	SH		SOLE		0	0	249
ISHARES	MSCI SINGAP ETF	464286673	13	1,269	SH		SOLE		0	0	1,269
ISHARES	MSCI STH KOR ETF	464286772	15	296	SH		SOLE		0	0	296
ISHARES	MSCI SZ CAP ETF	464286749	23	756	SH		SOLE		0	0	756
ISHARES INC	CORE MSCI EMKT	46434G103	6,562	166,603	SH		SOLE		0	0	166,603
ISHARES TR	1-3 YR CR BD ETF	464288646	22,754	217,536	SH		SOLE		0	0	217,536
ISHARES TR	1-3 YR TR BD ETF	464287457	34	405	SH		SOLE		0	0	405
ISHARES TR	COHEN&STEER REIT	464287564	19	188	SH		SOLE		0	0	188
ISHARES TR	CORE MSCI EAFE	46432F842	6,684	122,910	SH		SOLE		0	0	122,910
ISHARES TR	CORE S&P MCP ETF	464287507	44,241	317,550	SH		SOLE		0	0	317,550
ISHARES TR	CORE S&P SCP ETF	464287804	30,256	274,774	SH		SOLE		0	0	274,774
ISHARES TR	CORE S&P500 ETF	464287200	63	306	SH		SOLE		0	0	306
ISHARES TR	CORE US AGGBD ET	464287226	63	587	SH		SOLE		0	0	587
ISHARES TR	CUR HD EURZN ETF	46434V639	6,366	246,571	SH		SOLE		0	0	246,571
ISHARES TR	FLTG RATE BD ETF	46429B655	42,818	848,874	SH		SOLE		0	0	848,874
ISHARES TR	IBOXX HI YD ETF	464288513	1,373	17,035	SH		SOLE		0	0	17,035
ISHARES TR	IBOXX INV CP ETF	464287242	1	11	SH		SOLE		0	0	11
ISHARES TR	JP MOR EM MK ETF	464288281	9,492	89,738	SH		SOLE		0	0	89,738
ISHARES TR	MSCI EAFE ETF	464287465	1,382	23,530	SH		SOLE		0	0	23,530
ISHARES TR	MSCI UTD KNGDM	46434V548	56	3,453	SH		SOLE		0	0	3,453
ISHARES TR	RUS MID-CAP ETF	464287499	1	8	SH		SOLE		0	0	8
ISHARES TR	RUSSELL 2000 ETF	464287655	3,336	29,618	SH		SOLE		0	0	29,618
ISHARES TR	S&P 500 GRWT ETF	464287309	12	100	SH		SOLE		0	0	100
ISHARES TR	SELECT DIVID ETF	464287168	3	34	SH		SOLE		0	0	34
ISHARES TR	U.S. PFD STK ETF	464288687	7,196	185,228	SH		SOLE		0	0	185,228
JOHNSON & JOHNSON	COM	478160104	42	405	SH		SOLE		0	0	405
JPMORGAN CHASE & CO	COM	46625H100	20	310	SH		SOLE		0	0	310
MARCUS & MILLICHAP INC	COM	566324109	532	18,271	SH		SOLE		0	0	18,271
MARKET VECTORS ETF TR	INVT GRD FL RT	57060U514	1,608	65,191	SH		SOLE		0	0	65,191
MARKET VECTORS ETF TR	RUSSIA ETF	57060U506	14	976	SH		SOLE		0	0	976
MCDONALDS CORP	COM	580135101	1,096	9,278	SH		SOLE		0	0	9,278
MERCK & CO INC NEW	COM	58933Y105	15	291	SH		SOLE		0	0	291
MFS CALIF MUN FD	COM	59318C106	59	5,000	SH		SOLE		0	0	5,000
MICROCHIP TECHNOLOGY INC	COM	595017104	1	15	SH		SOLE		0	0	15
MICROSOFT CORP	COM	594918104	112	2,015	SH		SOLE		0	0	2,015
MILLER INDS INC TENN	COM NEW	600551204	65	3,000	SH		SOLE		0	0	3,000
MOTORCAR PTS AMER INC	COM	620071100	68	2,000	SH		SOLE		0	0	2,000
NETAPP INC	COM	64110D104	292	11,000	SH		SOLE		0	0	11,000
NEWMONT MINING CORP	COM	651639106	7	400	SH		SOLE		0	0	400
NUVEEN CA DIV ADV MUNI FD 3	COM SH BEN INT	67070Y109	14	1,000	SH		SOLE		0	0	1,000
NUVEEN CA DIVIDEND ADV MUN F	COM	67066Y105	32	2,046	SH		SOLE		0	0	2,046
NUVEEN CA SELECT TAX FREE PR	SH BEN INT	67063R103	125	8,000	SH		SOLE		0	0	8,000
NUVEEN CAL AMT-FREE MUN INC	COM	670651108	31	2,023	SH		SOLE		0	0	2,023
NUVEEN CALIF MUN VALUE FD	COM	67062C107	122	11,250	SH		SOLE		0	0	11,250
NUVEEN CALIF MUNICPAL VALU F	COM	6706EB106	100	5,893	SH		SOLE		0	0	5,893
ORACLE CORP	COM	68389X105	29	793	SH		SOLE		0	0	793
PAYCHEX INC	COM	704326107	21	400	SH		SOLE		0	0	400
PFIZER INC	COM	717081103	65	2,012	SH		SOLE		0	0	2,012
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	2,786	30,411	SH		SOLE		0	0	30,411
POWERSHARES ACT MANG COMM FD	DB OPT YLD DIV	73937V106	4,640	297,260	SH		SOLE		0	0	297,260
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	7	510	SH		SOLE		0	0	510
POWERSHARES ETF TR II	VAR RATE PFD POR	73937B597	17,318	713,828	SH		SOLE		0	0	713,828
POWERSHARES ETF TRUST	BASIC MAT SECT	73935X427	10	205	SH		SOLE		0	0	205
POWERSHARES ETF TRUST	FINL SECT PORT	73935X377	5	174	SH		SOLE		0	0	174
POWERSHARES ETF TRUST	GBL LSTD PVT EQT	73935X195	13,492	1,282,524	SH		SOLE		0	0	1,282,524
POWERSHARES ETF TRUST	HLTHCR SEC POR	73935X351	22	391	SH		SOLE		0	0	391
POWERSHARES ETF TRUST	INDL SECT PORT	73935X369	10	233	SH		SOLE		0	0	233
POWERSHARES ETF TRUST	TECH SECT PORT	73935X344	21	528	SH		SOLE		0	0	528
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	18,592	830,017	SH		SOLE		0	0	830,017
POWERSHARES GLOBAL ETF TRUST	AGG PFD PORT	73936T565	148	9,902	SH		SOLE		0	0	9,902
POWERSHARES GLOBAL ETF TRUST	WK VRDO TX FR	73936T433	125	5,000	SH		SOLE		0	0	5,000
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	1,977	17,677	SH		SOLE		0	0	17,677
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	607	23,651	SH		SOLE		0	0	23,651
PROCTER & GAMBLE CO	COM	742718109	119	1,501	SH		SOLE		0	0	1,501
PROSHARES TR	PRIV EQTY-LSTD	74348A533	898	24,448	SH		SOLE		0	0	24,448
QUALCOMM INC	COM	747525103	25	500	SH		SOLE		0	0	500
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	62	3,165	SH		SOLE		0	0	3,165
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	172	6,258	SH		SOLE		0	0	6,258
SCHWAB STRATEGIC TR	US AGGREGATE B	808524839	1	14	SH		SOLE		0	0	14
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	5	111	SH		SOLE		0	0	111
SCHWAB STRATEGIC TR	US LRG CAP ETF	808524201	2,439	50,207	SH		SOLE		0	0	50,207
SCHWAB STRATEGIC TR	US MID-CAP ETF	808524508	2,435	60,763	SH		SOLE		0	0	60,763
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	1,522	29,215	SH		SOLE		0	0	29,215
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	977	12,497	SH		SOLE		0	0	12,497
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	722	10,030	SH		SOLE		0	0	10,030
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	582	24,426	SH		SOLE		0	0	24,426
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	1,180	27,556	SH		SOLE		0	0	27,556
SOLARCITY CORP	COM	83416T100	1	13	SH		SOLE		0	0	13
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	1,193	6,858	SH		SOLE		0	0	6,858
SPDR INDEX SHS FDS	EURO STOXX 50	78463X202	216	6,280	SH		SOLE		0	0	6,280
SPDR S&P 500 ETF TR	TR UNIT	78462F103	3,035	14,888	SH		SOLE		0	0	14,888
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1	1,000	SH	Put	SOLE		0	0	1,000
SPDR SER TR	SHT TRM HGH YLD	78468R408	19,262	749,805	SH		SOLE		0	0	749,805
SPDR SERIES TRUST	BRC HGH YLD BD	78464A417	86	2,545	SH		SOLE		0	0	2,545
SPDR SERIES TRUST	NUVN CALI MUNI	78464A441	73	3,000	SH		SOLE		0	0	3,000
SPDR SERIES TRUST	S&P DIVID ETF	78464A763	7	100	SH		SOLE		0	0	100
SPDR SERIES TRUST	WELLS FG PFD ETF	78464A292	76	1,704	SH		SOLE		0	0	1,704
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	4,539	98,403	SH		SOLE		0	0	98,403
STARBUCKS CORP	COM	855244109	2	28	SH		SOLE		0	0	28
TESLA MTRS INC	COM	88160R101	1	4	SH		SOLE		0	0	4
TIME WARNER CABLE INC	COM	88732J207	2	12	SH		SOLE		0	0	12
TORTOISE ENERGY INFRSTRCTR C	COM	89147L100	4	149	SH		SOLE		0	0	149
TORTOISE PIPELINE & ENERGY F	COM	89148H108	15	1,000	SH		SOLE		0	0	1,000
UNITED DEV FDG IV	COM	910187103	19	1,750	SH		SOLE		0	0	1,750
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	1,036	12,827	SH		SOLE		0	0	12,827
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	2,478	26,500	SH		SOLE		0	0	26,500
VANGUARD INDEX FDS	MID CAP ETF	922908629	1,928	16,053	SH		SOLE		0	0	16,053
VANGUARD INDEX FDS	REIT ETF	922908553	2	22	SH		SOLE		0	0	22
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	46,923	251,022	SH		SOLE		0	0	251,022
VANGUARD INDEX FDS	SMALL CP ETF	922908751	1,069	9,663	SH		SOLE		0	0	9,663
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	1,115	10,690	SH		SOLE		0	0	10,690
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	2,206	50,803	SH		SOLE		0	0	50,803
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	24,995	764,122	SH		SOLE		0	0	764,122
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	41	823	SH		SOLE		0	0	823
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	2	39	SH		SOLE		0	0	39
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	419	5,306	SH		SOLE		0	0	5,306
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	525	6,751	SH		SOLE		0	0	6,751
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	45,626	1,242,552	SH		SOLE		0	0	1,242,552
VANGUARD WHITEHALL FDS INC	EMERG MKT BD ETF	921946885	669	9,051	SH		SOLE		0	0	9,051
VEREIT INC	COM	92339V100	4	500	SH		SOLE		0	0	500
VERIZON COMMUNICATIONS INC	COM	92343V104	70	1,510	SH		SOLE		0	0	1,510
VIOLIN MEMORY INC	COM	92763A101	21	23,500	SH		SOLE		0	0	23,500
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	5	200	SH		SOLE		0	0	200
WASTE MGMT INC DEL	COM	94106L109	1	11	SH		SOLE		0	0	11
WISDOMTREE TR	EUROPE HEDGED EQ	97717X701	1,070	19,884	SH		SOLE		0	0	19,884
WISDOMTREE TR	ITL HIGH DIV FD	97717W802	7	186	SH		SOLE		0	0	186
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	1,112	22,207	SH		SOLE		0	0	22,207
WISDOMTREE TR	MIDCAP DIVI FD	97717W505	8	100	SH		SOLE		0	0	100
XENIA HOTELS & RESORTS INC	COM	984017103	11	698	SH		SOLE		0	0	698