Baltimore-Washington Financial 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
3M CO COM	COM	88579Y101	6,160	40,892	SH		SOLE	NONE	39,388	0	1,503
ABERDEEN ASIA-PAC PRIME INC COM	COM	003009107	370	81,090	SH		SOLE	NONE	77,564	0	3,525
ALPHABET INC CL A	CAP STK CL A	02079K305	2,835	3,644	SH		SOLE	NONE	3,530	0	113
ALPHABET INC CLASS C	CAP STK CL C	02079K107	5,876	7,743	SH		SOLE	NONE	7,528	0	214
ANIKA THERAPEUTICS INC COM	COM	035255108	2,634	69,036	SH		SOLE	NONE	65,811	0	3,225
APPLE INC COM	COM	037833100	9,916	94,207	SH		SOLE	NONE	88,393	0	5,814
ARES CAPITAL CORP COM	COM	04010L103	4,746	333,063	SH		SOLE	NONE	326,125	0	6,938
ARISTA NETWORKS INC COM	COM	040413106	3,042	39,090	SH		SOLE	NONE	37,960	0	1,129
BANK OF NEW YORK MELLON CORP COM	COM	064058100	7,385	179,170	SH		SOLE	NONE	174,158	0	5,011
BERKSHIRE HATHAWAY INC DEL CL B	CL B NEW	084670702	240	1,817	SH		SOLE	NONE	1,640	0	177
CAL-MAINE FOODS INC COM	COM NEW	128030202	4,740	102,295	SH		SOLE	NONE	101,207	0	1,088
CAMDEN PPTY TR SH BEN INT	SH BEN INT	133131102	6,447	83,993	SH		SOLE	NONE	82,200	0	1,793
CELGENE CORP COM	COM	151020104	2,802	23,403	SH		SOLE	NONE	22,462	0	790
COLGATE PALMOLIVE CO COM	COM	194162103	3,967	59,556	SH		SOLE	NONE	57,735	0	1,820
CONOCOPHILLIPS CORP COM	COM	20825C104	4,220	90,397	SH		SOLE	NONE	88,717	0	1,680
DOMINION RESOURCES INC COM	COM	25746U109	2,341	34,614	SH		SOLE	NONE	34,313	0	300
DOW CHEMICAL COM	COM	260543103	6,154	119,551	SH		SOLE	NONE	117,080	0	2,470
EXPRESS SCRIPTS HOLDING CO COM	COM	30219G108	6,701	76,664	SH		SOLE	NONE	74,164	0	2,499
EXXON MOBIL CORPORATION COM	COM	30231G102	1,626	20,865	SH		SOLE	NONE	19,985	0	880
F5 NETWORKS INC COM	COM	315616102	2,541	26,214	SH		SOLE	NONE	25,489	0	724
FIAT CHRYSLER AUTOMOBILES NV ORD NL0010877643	SHS	N31738102	5,421	387,520	SH		SOLE	NONE	373,108	0	14,411
GENTEX CORP COM	COM	371901109	3,255	203,313	SH		SOLE	NONE	197,368	0	5,944
GILEAD SCIENCES INC COM	COM	375558103	4,065	40,176	SH		SOLE	NONE	38,849	0	1,327
GUGGENHEIM S&P 500 EQUAL WEIGHT ETF	GUG S&P500 EQ WT	78355W106	1,028	13,425	SH		SOLE	NONE	10,400	0	3,025
HEALTHCARE TRUST OF AMERICA COM CL A	CL A NEW	42225P501	6,339	235,045	SH		SOLE	NONE	228,741	0	6,303
HELMERICH & PAYNE INC COM	COM	423452101	2,587	48,313	SH		SOLE	NONE	47,111	0	1,201
ISHARES 1-3 YEAR CREDIT BND ETF	1-3 YR CR BD ETF	464288646	7,848	75,031	SH		SOLE	NONE	70,563	0	4,467
ISHARES COHEN & STEERS REIT ETF	COHEN&STEER REIT	464287564	506	5,104	SH		SOLE	NONE	4,010	0	1,093
ISHARES CORE MSCI EAFE ETF	CORE MSCI EAFE	46432F842	3,722	68,460	SH		SOLE	NONE	66,800	0	1,659
ISHARES CORE S&P SMALL-CAP ETF	CORE S&P SCP ETF	464287804	658	5,980	SH		SOLE	NONE	2,922	0	3,057
ISHARES CORE US AGGREGATE BOND ETF	CORE US AGGBD ET	464287226	800	7,406	SH		SOLE	NONE	6,757	0	649
ISHARES EUROPE ETF	EUROPE ETF	464287861	242	6,035	SH		SOLE	NONE	4,937	0	1,097
ISHARES GLOBAL TECH ETF	GLOBAL TECH ETF	464287291	287	2,945	SH		SOLE	NONE	2,491	0	453
ISHARES MSCI EAFE ETF	MSCI EAFE ETF	464287465	576	9,810	SH		SOLE	NONE	8,620	0	1,189
ISHARES MSCI EAFE VALUE ETF	EAFE VALUE ETF	464288877	809	17,396	SH		SOLE	NONE	15,505	0	1,890
ISHARES RUSSELL 2000 GROWTH ETF	RUS 2000 GRW ETF	464287648	2,305	16,554	SH		SOLE	NONE	9,576	0	6,977
ISHARES RUSSELL MID-CAP ETF	RUS MID-CAP ETF	464287499	1,245	7,775	SH		SOLE	NONE	3,409	0	4,365
ISHARES RUSSELL MID-CAP VALUE ETF	RUS MDCP VAL ETF	464287473	513	7,472	SH		SOLE	NONE	5,471	0	2,001
ISHARES SELECT DIVIDEND ETF	SELECT DIVID ETF	464287168	3,538	47,086	SH		SOLE	NONE	27,544	0	19,541
ISHARES TIPS BOND ETF	TIPS BD ETF	464287176	489	4,466	SH		SOLE	NONE	4,093	0	372
ISHARES US PREFERRED STOCK ETF	U.S. PFD STK ETF	464288687	4,296	110,581	SH		SOLE	NONE	82,237	0	28,343
JOHNSON & JOHNSON COM	COM	478160104	6,770	65,912	SH		SOLE	NONE	62,573	0	3,338
JOHNSON CTLS INC COM	COM	478366107	5,896	149,328	SH		SOLE	NONE	145,855	0	3,472
LABORATORY CORP OF AMERICA COM	COM NEW	50540R409	4,307	34,838	SH		SOLE	NONE	33,965	0	873
LINKEDIN CORPORATION COM	COM CL A	53578A108	1,614	7,172	SH		SOLE	NONE	6,854	0	317
MARATHON PETE CORP COM	COM	56585A102	2,432	46,926	SH		SOLE	NONE	45,598	0	1,328
MARKEL CP COM	COM	570535104	5,376	6,086	SH		SOLE	NONE	5,890	0	195
MERCK & CO INC. COM	COM	58933Y105	3,243	61,406	SH		SOLE	NONE	59,758	0	1,648
MICROSOFT CORP COM	COM	594918104	7,448	134,262	SH		SOLE	NONE	130,224	0	4,037
NET 1 UEPS TECHNOLOGIES INC COM	COM NEW	64107N206	3,033	224,539	SH		SOLE	NONE	214,933	0	9,605
NIC INC COM	COM	62914B100	2,877	146,235	SH		SOLE	NONE	141,249	0	4,985
OAKTREE CAPITAL GROUP LLC UNIT CLASS A	UNIT CL A	674001201	4,469	93,659	SH		SOLE	NONE	91,568	0	2,090
OCCIDENTAL PETROLEUM CORP COM	COM	674599105	4,166	61,622	SH		SOLE	NONE	59,825	0	1,797
PARKER HANNIFIN CORP COM	COM	701094104	3,981	41,056	SH		SOLE	NONE	40,473	0	583
PAYPAL HLDGS INC COM	COM	70450Y103	2,739	75,680	SH		SOLE	NONE	72,424	0	3,255
PEPSICO INC COM	COM	713448108	7,770	77,767	SH		SOLE	NONE	76,024	0	1,742
PHILLIPS 66 COM	COM	718546104	4,292	52,475	SH		SOLE	NONE	51,001	0	1,474
PLAINS ALL AMERICAN PIPELINE LP UNIT	UNIT LTD PARTN	726503105	3,069	132,884	SH		SOLE	NONE	132,341	0	542
POWERSHARES QQQ	UNIT SER 1	73935A104	6,170	55,165	SH		SOLE	NONE	35,463	0	19,701
PUBLIC SVC ENTERPRISE GROUP COM	COM	744573106	3,941	101,864	SH		SOLE	NONE	99,625	0	2,238
QUALCOMM INC COM	COM	747525103	2,802	56,068	SH		SOLE	NONE	54,862	0	1,205
REALTY INCOME CORPORATION COM	COM	756109104	3,194	61,875	SH		SOLE	NONE	59,696	0	2,178
ROCKWELL AUTOMATION INC COM	COM	773903109	5,424	52,867	SH		SOLE	NONE	51,661	0	1,206
RPX CORP COM	COM	74972G103	1,826	166,033	SH		SOLE	NONE	162,462	0	3,570
SELECT SECTOR SPDR TRUST HEALTH CARE SELECT INDEX	SBI HEALTHCARE	81369Y209	3,328	46,210	SH		SOLE	NONE	30,561	0	15,648
SOLAR WINDS COM	COM	83416B109	3,024	51,345	SH		SOLE	NONE	49,549	0	1,795
SPDR DOW JONES REIT EFT	DJ REIT ETF	78464A607	952	10,391	SH		SOLE	NONE	4,684	0	5,706
SPDR S&P HI YLD DIV ARISTOCRATS IDX	S&P DIVID ETF	78464A763	367	4,995	SH		SOLE	NONE	3,045	0	1,949
SPDR S&P MIDCAP 400 ETF TRUST	UTSER1 S&PDCRP	78467Y107	326	1,286	SH		SOLE	NONE	1,029	0	257
ST JUDE MED INC COM	COM	790849103	3,807	61,634	SH		SOLE	NONE	60,323	0	1,311
STATE STREET CORP COM	COM	857477103	2,614	39,394	SH		SOLE	NONE	39,069	0	325
STRYKER CORP COM	COM	863667101	5,042	54,256	SH		SOLE	NONE	52,136	0	2,120
SUBURBAN PROPANE PARTNERS LP COM	UNIT LTD PARTN	864482104	1,466	60,345	SH		SOLE	NONE	58,633	0	1,711
TEXAS INSTRUMENTS INC COM	COM	882508104	6,640	121,154	SH		SOLE	NONE	117,954	0	3,200
THE BLACKSTONE GROUP LP COM	COM UNIT LTD	09253U108	6,029	206,201	SH		SOLE	NONE	200,552	0	5,649
UNITED TECH CORP COM	COM	913017109	5,427	56,500	SH		SOLE	NONE	54,868	0	1,631
US BANCORP COM (NEW)	COM NEW	902973304	6,023	141,172	SH		SOLE	NONE	137,342	0	3,830
V F CORP COM	COM	918204108	3,843	61,748	SH		SOLE	NONE	60,768	0	980
VANGUARD CRSP US LARGE CAP INDEX	LARGE CAP ETF	922908637	6,308	67,470	SH		SOLE	NONE	45,933	0	21,536
VANGUARD CRSP US LARGE CAP VALUE IND ET	VALUE ETF	922908744	6,645	81,401	SH		SOLE	NONE	54,716	0	26,685
VANGUARD CRSP US MID CAP INDEX	MID CAP ETF	922908629	2,851	23,741	SH		SOLE	NONE	20,275	0	3,465
VANGUARD CRSP US SMALL CAP VALUE IND ET	SM CP VAL ETF	922908611	2,746	27,768	SH		SOLE	NONE	20,995	0	6,772
VANGUARD EMERGING MARKETS ETF	FTSE EMR MKT ETF	922042858	299	9,143	SH		SOLE	NONE	6,611	0	2,531
VANGUARD HIGH DIVIDEND YIELD ETF	HIGH DIV YLD	921946406	512	7,683	SH		SOLE	NONE	6,672	0	1,010
VANGUARD INTL BOND INDEX ETF	INTL BD IDX ETF	92203J407	2,197	41,547	SH		SOLE	NONE	31,852	0	9,694
VANGUARD SHORT TERM BOND FUND	SHORT TRM BOND	921937827	344	4,323	SH		SOLE	NONE	4,023	0	300
VANGUARD SHORT TERM CORP BOND ETF	SHRT TRM CORP BD	92206C409	8,474	107,289	SH		SOLE	NONE	87,130	0	20,159
VANGUARD TOTAL STOCK MARKET ETF	TOTAL STK MKT	922908769	399	3,827	SH		SOLE	NONE	1,839	0	1,988
WELLS FARGO & CO COM	COM	949746101	7,930	145,884	SH		SOLE	NONE	141,148	0	4,736