IPG Investment 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
Estimated average burden
hours per response:		23.8

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
AT&T INC	COM	00206R102	217,776	6,670	SH		SOLE	0	0	0	6,670
ADVANCED MICRO DEVICES INC	COM	007903107	693,048	258,600	SH		SOLE	0	0	0	258,600
AIR TRANS SVCS GROUP INC	COM	00922R105	23,654,002	2,565,510	SH		SOLE	0	0	0	2,565,510
ALIBABA GROUP HLDG LTD	COM	01609W102	437,010	5,250	SH		SOLE	0	0	0	5,250
AMAZON.COM INC	COM	023135106	689,129	1,852	SH		SOLE	0	0	0	1,852
AMERICAN AIRLINES GROUP	COM	02376R102	662,917	12,560	SH		SOLE	0	0	0	12,560
AMERICAN CAP AGY CORP	COM	02503X105	1,200,679	56,287	SH		SOLE	0	0	0	56,287
APOLLO INVESTMENT CORP	COM	03761U106	96,444	12,566	SH		SOLE	0	0	0	12,566
APPLE INC	COM	037833100	11,223,835	90,202	SH		SOLE	0	0	0	90,202
ARCELORMITTAL SA LUXEMBOURG	CL A	03938L104	157,314	16,700	SH		SOLE	0	0	0	16,700
AVIS BUDGET GROUP INC	COM	053774105	7,090,357	120,145	SH		SOLE	0	0	0	120,145
BP PLC	ADR	055622104	291,370	7,450	SH		SOLE	0	0	0	7,450
BOFI HOLDINGS INC	COM	05566U108	920,166	9,890	SH		SOLE	0	0	0	9,890
BAIDU COM INC	ADR	056752108	1,500,480	7,200	SH		SOLE	0	0	0	7,200
BANCO SANTANDER SA	ADR	05964H105	153,425	20,594	SH		SOLE	0	0	0	20,594
BANK OF AMERICA CORPORATION	COM	060505104	2,519,220	163,692	SH		SOLE	0	0	0	163,692
BARCLAYS BK PLC	ADR PREF	06739H362	293,672	17,870	SH		SOLE	0	0	0	17,870
BERKSHIRE HATHAWAY INC	CL B	084670702	684,510	4,743	SH		SOLE	0	0	0	4,743
BIOGEN IDEC INC	COM	09062X103	726,253	1,720	SH		SOLE	0	0	0	1,720
CAPSTONE TURBINE CORP	COM	14067D102	97,500	150,000	SH		SOLE	0	0	0	15,000
CARMAX INC	COM	143130102	6,652,840	96,404	SH		SOLE	0	0	0	96,404
CEMEX SAB DE CV	SPON ADR NEW	151290889	2,128,392	224,751	SH		SOLE	0	0	0	224,751
CHINA MOBILE LIMITED	ADR	16941M109	650,300	10,000	SH		SOLE	0	0	0	10,000
CHINA TECHFAITH WIRELESS	ADR	169424108	19,398	20,000	SH		SOLE	0	0	0	20,000
CITIGROUP INC	COM	172967424	2,279,642	44,246	SH		SOLE	0	0	0	44,246
COCA COLA COMPANY	COM	191216100	395,281	9,748	SH		SOLE	0	0	0	9,748
CONOCOPHILIPS	COM	20825C104	378,105	6,073	SH		SOLE	0	0	0	6,073
CORNING INC	COM	219350105	2,092,230	92,250	SH		SOLE	0	0	0	92,250
COSTCO WHOLESALE CORP	COM	22160K105	325,714	2,150	SH		SOLE	0	0	0	2,150
DIREXION SHS ETF TR FIBL BULL 3X	ETF	25459Y694	237,170	1,940	SH		SOLE	0	0	0	1,940
WALT DISNEY CO	COM	254687106	393,862	3,755	SH		SOLE	0	0	0	3,755
EMC CORP	COM	268648102	3,837,706	150,145	SH		SOLE	0	0	0	150,145
EOG RESOURCES	COM	26875P101	1,100,280	12,000	SH		SOLE	0	0	0	12,000
ETFS GOLD TR SH	COM	26922Y105	445,984	3,850	SH		SOLE	0	0	0	3,850
EBAY INC	COM	278642103	5,981,762	103,706	SH		SOLE	0	0	0	103,706
EMERSON ELECTRIC COMPANY	COM	291011104	336,889	5,950	SH		SOLE	0	0	0	5,950
FACEBOOK INC	CL A	30303M102	1,547,204	18,819	SH		SOLE	0	0	0	18,819
FLUOR CORP NEW	COM	343412102	3,763,414	65,840	SH		SOLE	0	0	0	65,840
FLEXTRONICS INTL LTD	ORD SHS	Y2573F102	19,950,577	1,574,010	SH		SOLE	0	0	0	1,574,010
FOMENTO ECONOMICO MEX SAB DE CV	ADR	344419106	233,750	2,500	SH		SOLE	0	0	0	2,500
FORTRESS INVESTMENT GROUP LLC	CL A	34958B106	117,015	14,500	SH		SOLE	0	0	0	14,500
FUEL TECH INC	COM	359523107	35,995	11,500	SH		SOLE	0	0	0	11,500
GENERAL ELECTRIC CO	COM	369604103	1,586,351	63,940	SH		SOLE	0	0	0	63,940
GENERAL MOTORS COMPANY	COM	37045V100	837,000	22,320	SH		SOLE	0	0	0	22,320
GILEAD SCIENCES INC	COM	375558103	1,204,938	12,279	SH		SOLE	0	0	0	12,279
GLAXOSMITHKLINE PLC	ADR	37733W105	230,750	5,000	SH		SOLE	0	0	0	5,000
GOOGLE INC CL A	COM	38259P508	442,096	797	SH		SOLE	0	0	0	797
GOOGLE INC CL C	COM	38259P706	436,208	796	SH		SOLE	0	0	0	796
HCA HOLDINGS INC	COM	40412C101	428,811	5,700	SH		SOLE	0	0	0	5,700
HASBRO INC	COM	418056107	252,960	4,000	SH		SOLE	0	0	0	4,000
ICAHN ENTERPRISES LP	DEP UNITS	451100101	371,551	4,144	SH		SOLE	0	0	0	4,144
INTEL CORP	COM	458140100	1,100,704	35,200	SH		SOLE	0	0	0	35,200
ISHARES SPAIN	ETF	464286764	1,062,877	30,560	SH		SOLE	0	0	0	30,560
ISHARES GERMANY	ETF	464286806	2,421,516	81,150	SH		SOLE	0	0	0	81,150
ISHARES MEXICO CAPPED ETF	ETF	464286822	966,947	16,683	SH		SOLE	0	0	0	16,683
ISHARES CHINA LARGE CAP ETF	ETF	464287184	739,995	16,650	SH		SOLE	0	0	0	16,650
ISHARES TR BARCLAYS 20+YR TREAS BD	ETF	464287432	1,032,451	7,900	SH		SOLE	0	0	0	7,900
ISHARES US FINANCIALS ETF	ETF	464287788	671,437	7,540	SH		SOLE	0	0	0	7,540
ISHARES EUROPE ETF	ETF	464287861	311,439	7,035	SH		SOLE	0	0	0	7,035
ISHARES RUSSELL TOP 200 GROWH ETF	ETF	464289438	310,680	6,000	SH		SOLE	0	0	0	6,000
ISHARES SILVER TR	ETF	46428Q109	214,912	13,490	SH		SOLE	0	0	0	13,490
JOHSON & JOHNSON	COM	478160104	433,083	4,305	SH		SOLE	0	0	0	4,305
JOHNSON CTLS INC	COM	478366107	5,993,785	118,830	SH		SOLE	0	0	0	118,830
JUNIPER NETWORKS	COM	48203R104	10,181,999	450,930	SH		SOLE	0	0	0	450,930
KULICKE & SOFFA INDS INC	COM	501242101	1,690,385	108,150	SH		SOLE	0	0	0	108,150
LSB INDUSTRIES INC	COM	502160104	2,085,512	50,460	SH		SOLE	0	0	0	50,460
LENNAR CORP CLASS A	COM	526057104	976,601	18,850	SH		SOLE	0	0	0	18,850
MAGNA INTL INC	COM	559222401	288,691	5,380	SH		SOLE	0	0	0	5,380
MARATHON PATENT GROUP INC	COM	56585W203	191,730	33,000	SH		SOLE	0	0	0	33,000
MCDONALDS CORP	COM	580135101	352,733	3,620	SH		SOLE	0	0	0	3,620
MEDNAX INC	COM	58502B106	21,865,028	301,545	SH		SOLE	0	0	0	301,545
MICHAEL KORS HOLDINGS LTD	COM	G60754101	317,901	4,835	SH		SOLE	0	0	0	4,835
MENS WEARHOUSE INC	COM	587118100	10,023,966	192,030	SH		SOLE	0	0	0	192,030
MICROSOFT CORP	COM	594918104	1,225,748	30,150	SH		SOLE	0	0	0	30,150
NVR INC	COM	62944T105	8,144,686	6,130	SH		SOLE	0	0	0	6,130
NATIONAL BK OF GREECE S A	SPN ADR REP 1 SH	633643705	209,152	163,400	SH		SOLE	0	0	0	163,400
NATIONAL BANK OF GREECE S A	ADR PRF SERA	633643507	840,000	95,250	SH		SOLE	0	0	0	95,250
NATURAL GROCERS BY VITAMIN COTTAGE	COM	53888U108	285,984	10,358	SH		SOLE	0	0	0	10,358
NEXTFLIX COM INC	COM	64110L106	275,015	660	SH		SOLE	0	0	0	660
NVIDIA CORP	COM	67066G104	5,265,044	251,615	SH		SOLE	0	0	0	251,615
OREILLY AUTOMOTIVE INC	COM	67103H107	721,160	3,335	SH		SOLE	0	0	0	3,335
OWENS ILLINOIS INC	COM	690768403	252,089	10,810	SH		SOLE	0	0	0	10,810
PACIFIC SUNWEAR CALIF INC	COM	694873100	82,800	30,000	SH		SOLE	0	0	0	30,000
PACWEST BANCORP DEL	COM	695263103	611,399	13,039	SH		SOLE	0	0	0	13,039
PEABODY ENERGY CORPORATION	COM	704549104	3,909,604	794,635	SH		SOLE	0	0	0	794,635
PETROLEO BRASILEIRO SA PETRO	SPON ADR	71654V408	16,539,881	2,752,060	SH		SOLE	0	0	0	2,752,060
PORTUGAL TELECOMM	ADR	737273102	12,744	24,000	SH		SOLE	0	0	0	24,000
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	2,033,328	19,255	SH		SOLE	0	0	0	19,255
POWERSHARES GOLD DRAGON CHINA	ETF	73935X401	1,310,320	44,000	SH		SOLE	0	0	0	44,000
PRICELINE COM INC	COM NEW	741503403	2,650,770	2,277	SH		SOLE	0	0	0	2,277
PROSHARES TR	PSHS ULTSH 20YRS	74347B201	2,776,499	66,307	SH		SOLE	0	0	0	66,307
PROSHARES TR ULTRA QQQ	ETF	74347R206	1,306,492	9,165	SH		SOLE	0	0	0	9,165
QUALCOMM INC	COM	747525103	1,058,475	15,265	SH		SOLE	0	0	0	15,265
RENREN INC	SPON ADR	759892102	98,328	40,800	SH		SOLE	0	0	0	40,800
RITE AID CORP	COM	767754104	1,087,554	125,150	SH		SOLE	0	0	0	125,150
ROYAL BK SCOTLAND GROUP PLC	ADR	780097754	2,327,435	101,820	SH		SOLE	0	0	0	101,820
ROYAL BK SCOTLAND GROUP PLC	SP ADR L RP PF	780097788	1,724,787	73,250	SH		SOLE	0	0	0	73,250
RUCKUS WIRELESS INC	COM	781220108	264,157	20,525	SH		SOLE	0	0	0	20,525
SPDR S&P 500	ETF	78462F103	1,452,441	7,036	SH		SOLE	0	0	0	7,036
SPDR GOLD TR	ETF	78463V107	2,768,076	24,354	SH		SOLE	0	0	0	24,354
SPDR SER TR S&P METALS & MINING	ETF	78464A755	266,462	9,800	SH		SOLE	0	0	0	9,800
SAP AG	ADR	803054204	361,211	5,005	SH		SOLE	0	0	0	5,005
SELECT SECTOR SPDR TR CONSUMER STAPLES	ETF	81369Y308	204,708	4,200	SH		SOLE	0	0	0	4,200
SELECT SECTOR SPDR TR CONSUMER DISCRETIONARY	ETF	81369Y407	564,982	7,500	SH		SOLE	0	0	0	7,500
SELECT SECTOR SPDR TR ENERGY	ETF	81369Y506	316,599	4,080	SH		SOLE	0	0	0	4,080
SIMON PROPERTY GROUP	COM	828806109	277,809	1,420	SH		SOLE	0	0	0	1,420
SOLARCITY CORP	COM	83416T100	934,322	18,220	SH		SOLE	0	0	0	18,220
SOUTHWEST AIRLINES	COM	844741108	311,651	7,035	SH		SOLE	0	0	0	7,035
SYNTEL INC	COM	87162H103	1,190,307	23,010	SH		SOLE	0	0	0	23,010
TAIWAN SEMICONDUCTOR MFG LTD	SPON ADR	874039100	3,498,520	149,000	SH		SOLE	0	0	0	149,000
TEREX CORP NEW	COM	880779103	9,067,456	341,010	SH		SOLE	0	0	0	341,010
TELSA MOTORS INC	COM	88160R101	253,896	1,345	SH		SOLE	0	0	0	1,345
TWITTER INC	COM	90184L102	200,320	4,000	SH		SOLE	0	0	0	4,000
UNDER ARMOUR INC	CL A	904311107	355,300	4,400	SH		SOLE	0	0	0	4,400
UNILEVER PLC	ADR	904767704	425,442	10,200	SH		SOLE	0	0	0	10,200
UNION PACIFIC	COM	907818108	216,620	2,000	SH		SOLE	0	0	0	2,000
UNITED STATES STEEL CORP	COM	912909108	542,656	22,240	SH		SOLE	0	0	0	22,240
VALE S A	ADR	91912E105	84,581	14,970	SH		SOLE	0	0	0	14,970
VALERO ENERGY CORP	COM	91913Y100	1,398,686	21,985	SH		SOLE	0	0	0	21,985
VALUE LINE INC	COM	920437100	547,487	37,244	SH		SOLE	0	0	0	37,244
VANGUARD SCOTTSDALE FUNDS ETF	ETF	92206C409	200,846	2,504	SH		SOLE	0	0	0	2,504
WALMART STORES	COM	931142103	285,243	3,468	SH		SOLE	0	0	0	3,468
WELLS FARGO & CO	COM	949746101	389,885	7,167	SH		SOLE	0	0	0	7,167
WESTERN ALLIANCE BANCORP	COM	957638109	741,000	25,000	SH		SOLE	0	0	0	25,000
WHOLE FOODS MARKET INC	COM	966837106	1,122,845	21,560	SH		SOLE	0	0	0	21,560
WISDOMTREE JAPAN HEDGED EQUITY	COM	97717W851	998,223	18,110	SH		SOLE	0	0	0	18,110
WISDOMTREE EUROPE HEDGED EQUITY	COM	97717X701	3,513,225	53,118	SH		SOLE	0	0	0	53,118
YINGLI GREEN ENERGY HOLDINGS	COM	98584B103	18,500	10,000	SH		SOLE	0	0	0	10,000
YOUKU TUDOU INC	COM	98742U100	420,063	33,605	SH		SOLE	0	0	0	33,605
YUM BRANDS INC	COM	988498101	359,750	4,570	SH		SOLE	0	0	0	4,570