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
SPDR S&P MIDCAP 400 ETF TRUST	UTSER1 S&PDCRP	78467Y107	4,462	13,675	SH		SOLE	NONE	12,959	0	716
ALIBABA GROUP HLDG LTD ADR	SPONSORED ADS	01609W102	7,127	41,264	SH		SOLE	NONE	40,022	0	1,242
ALPHABET INC CL A	CAP STK CL A	02079K305	3,759	3,860	SH		SOLE	NONE	3,743	0	117
BERKSHIRE HATHAWAY INC DEL CL B	CL B NEW	084670702	333	1,817	SH		SOLE	NONE	1,640	0	177
VISA INC CLASS A	COM CL A	92826C839	8,871	84,290	SH		SOLE	NONE	81,426	0	2,865
MARRIOTT INTERNATIONAL INC CLASS A NEW	CL A	571903202	5,448	49,411	SH		SOLE	NONE	47,874	0	1,537
ALPHABET INC CLASS C	CAP STK CL C	02079K107	8,111	8,457	SH		SOLE	NONE	8,236	0	221
BRISTOL-MYERS SQUIBB CM	COM	110122108	441	6,918	SH		SOLE	NONE	0	0	6,918
AMN HEALTHCARE SERVICES INC COM	COM	001744101	3,471	75,945	SH		SOLE	NONE	73,737	0	2,208
APPLE INC COM	COM	037833100	10,484	68,023	SH		SOLE	NONE	65,261	0	2,763
ARISTA NETWORKS INC COM	COM	040413106	6,477	34,160	SH		SOLE	NONE	33,273	0	887
BANK OF NEW YORK MELLON CORP COM	COM	064058100	9,936	187,406	SH		SOLE	NONE	184,175	0	3,231
BOEING CO COM	COM	097023105	256	1,009	SH		SOLE	NONE	1,009	0	0
COLGATE PALMOLIVE CO COM	COM	194162103	5,482	75,245	SH		SOLE	NONE	74,026	0	1,219
WALT DISNEY CO COM	COM DISNEY	254687106	8,574	86,985	SH		SOLE	NONE	85,167	0	1,818
JOHNSON & JOHNSON COM	COM	478160104	10,426	80,197	SH		SOLE	NONE	77,094	0	3,104
MICROSOFT CORP COM	COM	594918104	11,828	158,791	SH		SOLE	NONE	154,023	0	4,768
OMEGA HEALTHCARE INVESTORS INC COM	COM	681936100	7,793	244,212	SH		SOLE	NONE	236,041	0	8,171
PEPSICO INC COM	COM	713448108	8,783	78,823	SH		SOLE	NONE	76,918	0	0
PRICELINE GROUP INC COM	COM NEW	741503403	8,140	4,446	SH		SOLE	NONE	4,373	0	73
RPM INTERNATIONAL INC COM	COM	749685103	205	3,989	SH		SOLE	NONE	0	0	3,989
STARBUCKS CORP COM	COM	855244109	5,067	94,335	SH		SOLE	NONE	91,813	0	0
STRYKER CORP COM	COM	863667101	9,313	65,576	SH		SOLE	NONE	63,325	0	0
TEXAS INSTRUMENTS INC COM	COM	882508104	12,140	135,433	SH		SOLE	NONE	131,526	0	3,907
WELLS FARGO & CO COM	COM	949746101	429	7,775	SH		SOLE	NONE	7,775	0	0
AT&T INC COM	COM	00206R102	200	5,109	SH		SOLE	NONE	5,109	0	0
ARES CAPITAL CORP COM	COM	04010L103	8,840	539,333	SH		SOLE	NONE	519,661	0	19,672
THE BLACKSTONE GROUP LP COM	COM UNIT LTD	09253U108	8,692	260,486	SH		SOLE	NONE	254,527	0	5,959
EXPEDIA INC COM	COM NEW	30212P303	2,150	14,938	SH		SOLE	NONE	14,380	0	558
EXXON MOBIL CORPORATION COM	COM	30231G102	1,247	15,213	SH		SOLE	NONE	13,741	0	1,472
FACEBOOK INC COM	CL A	30303M102	6,633	38,819	SH		SOLE	NONE	37,487	0	1,332
INTERCONTINENTAL EXCHANGE INC COM	COM	45866F104	6,036	87,858	SH		SOLE	NONE	86,118	0	1,740
JP MORGAN CHASE & CO COM	COM	46625H100	3,832	40,120	SH		SOLE	NONE	39,547	0	573
LABORATORY CORP OF AMERICA COM	COM NEW	50540R409	7,297	48,331	SH		SOLE	NONE	46,874	0	1,457
MERCK & CO INC. COM	COM	58933Y105	6,967	108,806	SH		SOLE	NONE	105,523	0	3,283
PAYPAL HLDGS INC COM	COM	70450Y103	6,407	100,065	SH		SOLE	NONE	96,659	0	3,406
3M CO COM	COM	88579Y101	8,985	42,807	SH		SOLE	NONE	41,930	0	877
ESSENT GROUP LTD COM	COM	G3198U102	4,132	102,035	SH		SOLE	NONE	99,963	0	2,072
ROYAL CARIBBEAN CRUISES LTD COM	COM	V7780T103	8,646	72,939	SH		SOLE	NONE	70,846	0	2,093
US BANCORP COM (NEW)	COM NEW	902973304	7,822	145,962	SH		SOLE	NONE	143,559	0	2,403
BOX INC COM CL A	CL A	10316T104	3,601	186,385	SH		SOLE	NONE	179,728	0	6,657
HEALTHCARE TRUST OF AMERICA COM CL A	CL A NEW	42225P501	7,100	238,259	SH		SOLE	NONE	232,105	0	6,154
UNDER ARMOUR INC COM CL C	CL C	904311206	2,606	173,495	SH		SOLE	NONE	167,001	0	6,494
SELECT SECTOR SPDR TRUST CONSUMER STAPLES INDEX	SBI CONS STPLS	81369Y308	4,962	91,927	SH		SOLE	NONE	77,450	0	14,477
ISHARES CORE MSCI EAFE ETF	CORE MSCI EAFE	46432F842	6,598	102,820	SH		SOLE	NONE	100,934	0	1,886
ISHARES CORE S&P SMALL-CAP ETF	CORE S&P SCP ETF	464287804	3,842	51,762	SH		SOLE	NONE	44,641	0	7,121
VANGUARD CRSP US LARGE CAP INDEX	LARGE CAP ETF	922908637	14,981	129,822	SH		SOLE	NONE	101,629	0	28,193
VANGUARD CRSP US LARGE CAP VALUE IND ET	VALUE ETF	922908744	12,324	123,459	SH		SOLE	NONE	95,504	0	27,955
VANGUARD CRSP US MID CAP INDEX	MID CAP ETF	922908629	9,567	65,081	SH		SOLE	NONE	61,278	0	3,803
VANGUARD CRSP US SMALL CAP VALUE IND ET	SM CP VAL ETF	922908611	5,768	45,139	SH		SOLE	NONE	39,589	0	5,550
SELECT SECTOR SPDR TRUST HEALTH CARE SELECT INDEX	SBI HEALTHCARE	81369Y209	6,260	76,594	SH		SOLE	NONE	59,176	0	17,419
VANGUARD HIGH DIVIDEND YIELD ETF	HIGH DIV YLD	921946406	2,195	27,074	SH		SOLE	NONE	25,832	0	1,242
VANGUARD INDEX FUNDS S&P 500 ETF	S&P 500 ETF SHS	922908363	289	1,254	SH		SOLE	NONE	1,254	0	0
VANGUARD INTL BOND INDEX ETF	INTL BD IDX ETF	92203J407	2,420	44,328	SH		SOLE	NONE	35,926	0	8,402
ISHARES MSCI EAFE ETF	MSCI EAFE ETF	464287465	284	4,143	SH		SOLE	NONE	3,625	0	518
ISHARES NASDAQ BIOTECHNOLOGY ETF	NASDAQ BIOTECH	464287556	6,933	20,784	SH		SOLE	NONE	18,453	0	2,331
POWERSHARES QQQ	UNIT SER 1	73935A104	11,554	79,438	SH		SOLE	NONE	58,709	0	20,729
ISHARES RUSSELL MID-CAP ETF	RUS MID CAP ETF	464287499	6,573	33,340	SH		SOLE	NONE	25,365	0	7,975
ISHARES RUSSELL MID-CAP VALUE ETF	RUS MDCP VAL ETF	464287473	1,860	21,905	SH		SOLE	NONE	19,416	0	2,489
GUGGENHEIM S&P 500 EQ WGT ENERGY ETF	GUG S&P500EQWTEN	78355W866	202	3,665	SH		SOLE	NONE	3,141	0	524
GUGGENHEIM S&P 500 EQ WGT TECHNOLOGY ETF	GUG S&P500EQWTTE	78355W817	1,809	13,397	SH		SOLE	NONE	11,164	0	2,233
GUGGENHEIM S&P 500 EQUAL WEIGHT ETF	GUG S&P500 EQ WT	78355W106	8,403	87,952	SH		SOLE	NONE	81,801	0	6,151
SPDR TR S&P 500 ETF TR	TR UNIT	78462F103	2,129	8,476	SH		SOLE	NONE	6,935	0	1,541
SPDR S&P HI YLD DIV ARISTOCRATS IDX	S&P DIVID ETF	78464A763	3,889	42,581	SH		SOLE	NONE	40,306	0	2,275
ISHARES S&P SMALL-CAP 600 GROWTH ETF	S&P SML 600 GWT	464287887	7,005	42,587	SH		SOLE	NONE	35,768	0	6,819
SCHWAB SCH US REIT ETF	US REIT ETF	808524847	4,845	117,788	SH		SOLE	NONE	92,790	0	24,998
ISHARES SELECT DIVIDEND ETF	SELECT DIVID ETF	464287168	10,117	108,030	SH		SOLE	NONE	81,929	0	26,101
CAMDEN PPTY TR SH BEN INT	SH BEN INT	133131102	7,707	84,271	SH		SOLE	NONE	82,334	0	1,937
VANGUARD SHORT TERM CORP BOND ETF	SHRT TRM CORP BD	92206C409	7,905	98,658	SH		SOLE	NONE	81,606	0	17,052
SPDR SERIES TRUST SSGA US LRG CP LW VLTY IND ETF	SSGA US LRG ETF	78468R804	2,175	24,522	SH		SOLE	NONE	22,349	0	2,173
OAKTREE CAPITAL GROUP LLC UNIT CLASS A	UNIT CL A	674001201	5,544	117,822	SH		SOLE	NONE	114,021	0	3,801
ISHARES US FINANCIAL SERVICES ETF	U.S. FIN SVC ETF	464287770	6,611	55,156	SH		SOLE	NONE	47,581	0	7,575
ISHARES US INSURANCE ETF	U.S. INSRNCE ETF	464288786	6,102	95,764	SH		SOLE	NONE	90,910	0	4,854
ISHARES US MEDICAL DEVICES ETF	U.S. MED DVC ETF	464288810	1,042	6,237	SH		SOLE	NONE	4,802	0	1,435
ISHARES US PREFERRED STOCK ETF	S&P US PFD STK	464288687	9,880	254,583	SH		SOLE	NONE	216,605	0	37,978