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
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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
AT&T INC COM	COM	00206R102	313,286	8,820	SH		SOLE		8,820	0	8,820
ADVANCED MICRO DEVICES INC COM	COM	007903107	620,640	258,600	SH		SOLE		258,600	0	258,600
AIR TRANS SVCS GROUP INC COM	COM	00922R105	18,711,852	1,783,780	SH		SOLE		1,783,780	0	1,783,780
ALIBABA GROUP HOLDING LTD SP ADR REPR 1 SHARE	ADR	01609W102	308,549	3,750	SH		SOLE		3,750	0	3,750
AMAZON.COM INC	COM	023135106	803,935	1,852	SH		SOLE		1,852	0	1,852
AMERICAN AIRLINES GROUP INC	COM	02376R102	655,733	16,420	SH		SOLE		16,420	0	16,420
AMERICAN CAPITAL AGENCY CORP	COM	02503X105	1,047,862	57,038	SH		SOLE		57,038	0	57,038
APOLLO INVESTMENT CORP	COM	03761U106	88,967	12,566	SH		SOLE		12,566	0	12,566
APPLE INC	COM	037833100	10,513,625	83,824	SH		SOLE		83,824	0	83,824
ARCELORMITTAL SA NY REGISTERED A	COM	03938L104	162,324	16,700	SH		SOLE		16,700	0	16,700
AVIS BUDGET GROUP INC COM	COM	053774105	5,383,931	122,140	SH		SOLE		122,140	0	122,140
BP PLC ADR	ADR	055622104	297,702	7,450	SH		SOLE		7,450	0	7,450
Bofi Holding	COM	05566U108	1,011,116	9,565	SH		SOLE		9,565	0	9,565
Baidu A ADR	ADR	056752108	1,433,376	7,200	SH		SOLE		7,200	0	7,200
BANCO SANTANDER SA ADR	ADR	05964H105	171,633	24,484	SH		SOLE		24,484	0	24,484
BANCO SANTANDER (BRASIL) SA ADR REPR 1 UNIT	ADR	05967A107	136,000	25,000	SH		SOLE		25,000	0	25,000
BANK OF AMERICA CORP	COM	060505104	2,786,038	163,692	SH		SOLE		163,692	0	163,692
BARCLAYS BANK PLC ADR	ADR	06739F390	2,509,420	109,370	SH		SOLE		109,370	0	109,370
BARCLAYS BANK PLC NON CUM 8 1/8% SIES 5 ADR	ADR PFD SR 5	06739H362	329,875	19,370	SH		SOLE		19,370	0	19,370
BERKSHIRE HATHAWAY INC CLASS B	CL B	084670702	671,431	4,933	SH		SOLE		4,933	0	4,933
CEMEX ADR REPR 10 CPO	ADR	151290889	2,154,698	235,229	SH		SOLE		235,229	0	235,229
CHINA TECHFAITH WIRELESS S ADR	ADR	169424108	24,600	20,000	SH		SOLE		20,000	0	20,000
CITIGROUP INC	COM	172967424	2,465,096	44,626	SH		SOLE		44,626	0	44,626
COCA-COLA CO	COM	191216100	452,243	11,528	SH		SOLE		11,528	0	11,528
CONOCOPHILLIPS COM	COM	20825C104	372,943	6,073	SH		SOLE		6,073	0	6,073
CORNING INC	COM	219350105	1,859,651	94,255	SH		SOLE		94,255	0	94,255
COSTCO WHOLESALE CORP NEW COM	COM	22160K105	290,379	2,150	SH		SOLE		2,150	0	2,150
WALT DISNEY CO	COM	254687106	1,832,518	16,055	SH		SOLE		16,055	0	16,055
EMC CORP COM	COM	268648102	3,692,225	139,910	SH		SOLE		139,910	0	139,910
Etfs Gold	SHS	26922Y105	441,172	3,850	SH		SOLE		3,850	0	3,850
EMERSON ELEC CO COM	COM	291011104	329,809	5,950	SH		SOLE		5,950	0	5,950
FACEBOOK INC A	CL A	30303M102	3,362,331	39,204	SH		SOLE		39,204	0	39,204
FLUOR CORP NEW COM	COM	343412102	3,533,117	66,650	SH		SOLE		66,650	0	66,650
FOMENTO ECONOMICO MEX S A B DE C V	ADR	344419106	222,725	2,500	SH		SOLE		2,500	0	2,500
FORTRESS INVESTMENT GROUP LLC A	CL A	34958B106	105,850	14,500	SH		SOLE		14,500	0	14,500
FUEL TECH INC	COM	359523107	25,185	11,500	SH		SOLE		11,500	0	11,500
GENERAL ELECTRIC CO	COM	369604103	1,723,197	64,855	SH		SOLE		64,855	0	64,855
GENERAL MOTORS CO	COM	37045V100	797,987	23,942	SH		SOLE		23,942	0	23,942
GERDAU SA SPON ADR	ADR	373737105	72,300	30,000	SH		SOLE		30,000	0	30,000
Gilead Sciences	COM	375558103	793,685	6,779	SH		SOLE		6,779	0	6,779
GLAXOSMITHKLINE PLC SPON ADR	ADR	37733W105	254,898	6,120	SH		SOLE		6,120	0	6,120
GOOGLE INC A	CL A	38259P508	497,377	921	SH		SOLE		921	0	921
GOOGLE INC C	CL C	38259P706	939,000	1,804	SH		SOLE		1,804	0	1,804
HCA HOLDINGS INC	COM	40412C101	1,941,408	21,400	SH		SOLE		21,400	0	21,400
HALLIBURTON CO	COM	406216101	1,299,939	30,182	SH		SOLE		30,182	0	30,182
HASBRO INC	COM	418056107	299,160	4,000	SH		SOLE		4,000	0	4,000
ICAHN ENTERPRISES LP UNITS REPR UNITS OF LP INT	DEPOSITORY UNITS	451100101	365,091	4,210	SH		SOLE		4,210	0	4,210
INTEL CORP	COM	458140100	1,079,733	35,500	SH		SOLE		35,500	0	35,500
Ishares Msci France Etf	MSCI FRANCE ETF	464286707	977,740	38,000	SH		SOLE		38,000	0	38,000
Ishares Msci Spain Capped Etf	MSCI SPAN CP ETF	464286764	1,025,288	30,560	SH		SOLE		30,560	0	30,560
ISHARES MSCI GERMANY INDEX ETF	MSCI GERMANY ETF	464286806	2,153,730	77,250	SH		SOLE		77,250	0	77,250
ISHARES MSCI MEXICO INVESTAB ETF	MSCI MEX CAP ETF	464286822	852,824	14,933	SH		SOLE		14,933	0	14,933
Ishares Msci Italy Capped Etf	MSCI ITALCPD ETF	464286855	446,700	30,000	SH		SOLE		30,000	0	30,000
ISHARES TR CHINA LARGE CAP ETF	CHINA LG CAP ETF	464287184	205,145	4,450	SH		SOLE		4,450	0	4,450
ISHARES GLOBAL ENERGY ETF	GLOBAL ENERG ETF	464287341	350,675	10,025	SH		SOLE		10,025	0	10,025
ISHARES TR BARCLAYS 20+ YR TREAS BD ETF	20+ Y TR BD ETF	464287432	1,374,282	11,700	SH		SOLE		11,700	0	11,700
ISHARES NASDAQ BIOTECHNOLOG IND FD	NASDQ BIOTEC ETF	464287556	704,733	1,910	SH		SOLE		1,910	0	1,910
ISHARES T DOW JONES U.S. FIN SEC IN	US FINLS SVC ETF	464287788	694,588	7,740	SH		SOLE		7,740	0	7,740
ISHARES S&P EUROPE 350 ETF	EUROPE ETF	464287861	307,641	7,035	SH		SOLE		7,035	0	7,035
ISHARES SHS DJ US REG BKINDX FD ETF	US REGNL BKS ETF	464288778	741,353	20,250	SH		SOLE		20,250	0	20,250
ISHARES TR RUSSELL TOP 200 GROWTH ETF	RUS TP200 GR ETF	464289438	312,600	6,000	SH		SOLE		6,000	0	6,000
ISHARES SILVER TRUST	ISHARES	46428Q109	202,771	13,490	SH		SOLE		13,490	0	13,490
ISHARES MSCI RUSSIA CAPPED ETF	MSCI RUSSIA CAPPED ETF	46434G806	329,045	23,320	SH		SOLE		23,320	0	23,320
JOHNSON & JOHNSON	COM	478160104	444,418	4,560	SH		SOLE		4,560	0	4,560
JOHNSON CTLS INC COM	COM	478366107	5,969,851	120,530	SH		SOLE		120,530	0	120,530
JUNIPER NETWORKS INC COM	COM	48203R104	8,572,048	330,075	SH		SOLE		330,075	0	330,075
KULICKE & SOFFA INDS INC COM	COM	501242101	1,460,823	124,750	SH		SOLE		124,750	0	124,750
LSB INDUSTRIES INC COM	COM	502160104	2,060,786	50,460	SH		SOLE		50,460	0	50,460
LENNAR CORP A	CL A	526057104	1,031,001	20,200	SH		SOLE		20,200	0	20,200
MAGNA INTERNATIONAL INC COM	COM	559222401	2,135,066	38,065	SH		SOLE		38,065	0	38,065
MARATHON PATENT GROUP INC	COM	56585W203	51,620	17,800	SH		SOLE		17,800	0	17,800
MCDONALDS CORP	COM	580135101	344,153	3,620	SH		SOLE		3,620	0	3,620
Mckesson Corp	COM	58155Q103	1,079,088	4,800	SH		SOLE		4,800	0	4,800
MEDNAX INC COM	COM	58502B106	22,549,820	304,275	SH		SOLE		304,275	0	304,275
MENS WEARHOUSE INC COM	COM	587118100	12,331,873	192,475	SH		SOLE		192,475	0	192,475
MICROSOFT CORP SHS	COM	594918104	1,331,123	30,150	SH		SOLE		30,150	0	30,150
MICRON TECHNOLOGY INC COM	COM	595112103	8,091,686	429,495	SH		SOLE		429,495	0	429,495
NVR INC	COM	62944T105	8,324,080	6,212	SH		SOLE		6,212	0	6,212
NATIONAL BANK OF GREECE 9% 08-PERP PFD SIES A	ADR PFD SR A	633643507	674,173	104,825	SH		SOLE		104,825	0	104,825
NATIONAL BANK OF GREECE SA ADR	SPN ADR REP 1 SH	633643705	241,028	229,550	SH		SOLE		229,550	0	229,550
Netflix	COM	64110L106	351,463	535	SH		SOLE		535	0	535
NVIDIA CORP COM	COM	67066G104	5,187,375	257,950	SH		SOLE		257,950	0	257,950
OI S A SPONSORED ADR REPSTG PFD	SPN ADR PFD	670851401	19,721	10,325	SH		SOLE		10,325	0	10,325
OWENS ILLINOIS INC	COM	690768403	865,985	37,750	SH		SOLE		37,750	0	37,750
PACWEST BANCORP	COM	695263103	609,704	13,039	SH		SOLE		13,039	0	13,039
PEABODY ENERGY CORP COM	COM	704549104	3,818,210	1,743,475	SH		SOLE		1,743,475	0	1,743,475
PETROLEO BRASILEIRO SA ADR	ADR	71654V408	28,374,556	3,135,310	SH		SOLE		3,135,310	0	3,135,310
POWERSHARES QQQ TRUST SERIES I	UNIT SER 1	73935A104	2,318,601	21,655	SH		SOLE		21,655	0	21,655
PRICELINE GRP INC COM NEW	COM	741503403	2,679,238	2,327	SH		SOLE		2,327	0	2,327
PROSHARES TRUST ULTRASHORT 20+ YEAR USD	PSHS ULTSH 20YRS	74347B201	3,014,448	60,537	SH		SOLE		60,537	0	60,537
PROSHARES TRUST SHS ULTRA QQQ PROSHARES ETF	PSHS ULTSH QQQ	74347R206	1,187,333	16,230	SH		SOLE		16,230	0	16,230
QUALCOMM INC	COM	747525103	1,007,404	16,085	SH		SOLE		16,085	0	16,085
Regeneron Pharmaceuticals	COM	75886F107	612,156	1,200	SH		SOLE		1,200	0	1,200
RENREN INC ADR	ADR	759892102	143,262	37,800	SH		SOLE		37,800	0	37,800
RITE AID	COM	767754104	1,529,720	183,200	SH		SOLE		183,200	0	183,200
ROYAL BK OF SCOTLAND 6 3/4% ADR PFD 06 PEPT Q	ADR PREF SHS Q	780097754	2,338,105	103,820	SH		SOLE		103,820	0	103,820
ROYAL BANK OF SCOTLAND GROUP ADR 5 3/4% SIES L	SP ADR L RP PF	780097788	1,279,465	58,250	SH		SOLE		58,250	0	58,250
SPDR S&P 500 ETF TRUST UNITS SERIES 1	TR UNIT	78462F103	1,564,666	7,601	SH		SOLE		7,601	0	7,601
SPDR GOLD TRUST	GOLD SHS	78463V107	2,573,722	22,904	SH		SOLE		22,904	0	22,904
Spdr Is Eur Stoxx 50 Etf sbi	EURO STOXX 50	78463X202	932,007	24,900	SH		SOLE		24,900	0	24,900
SPDR SER TR S&P METALS & MNG ETF	S&P METALS MNG	78464A755	238,434	9,800	SH		SOLE		9,800	0	9,800
SAP AG SPONSORED ADR	SPON ADR	803054204	304,448	4,335	SH		SOLE		4,335	0	4,335
Consumer Discret.select Sector Spdr	SBI CONS DISCR	81369Y407	359,456	4,700	SH		SOLE		4,700	0	4,700
SELECT SECTOR SPDR TR ENERGY	SBI INT ENERGY	81369Y506	306,793	4,082	SH		SOLE		4,082	0	4,082
SIMON PROPERTY GROUP INC	COM	828806109	242,228	1,400	SH		SOLE		1,400	0	1,400
Skyworks Solutions	COM	83088M102	2,206,920	21,200	SH		SOLE		21,200	0	21,200
SOLARCITY CORP	COM	83416T100	832,435	15,545	SH		SOLE		15,545	0	15,545
SOUTHWEST AIRLINES CO	COM	844741108	664,944	20,095	SH		SOLE		20,095	0	20,095
STARBUCKS CORP	COM	855244109	1,420,583	26,496	SH		SOLE		26,496	0	26,496
SYNTEL INC COM	COM	87162H103	1,092,515	23,010	SH		SOLE		23,010	0	23,010
TAIWAN SEMICONDUCTOR MFG CO ADR	ADR	874039100	3,524,024	155,175	SH		SOLE		155,175	0	155,175
TEREX CORP	COM	880779103	7,936,620	341,360	SH		SOLE		341,360	0	341,360
TRUECAR INC	COM	89785L107	154,503	12,886	SH		SOLE		12,886	0	12,886
UNDER ARMOUR INC CL A COM	CL A	904311107	367,136	4,400	SH		SOLE		4,400	0	4,400
UNILEVER PLC SPON ADR	ADR	904767704	449,662	10,467	SH		SOLE		10,467	0	10,467
UNITED STS OIL FD LP UNITS	UNITS	91232N108	334,183	16,810	SH		SOLE		16,810	0	16,810
UNITED STATES STEEL CORP	COM	912909108	458,589	22,240	SH		SOLE		22,240	0	22,240
Unitedhealth Group	COM	91324P102	366,000	3,000	SH		SOLE		3,000	0	3,000
VALE SA-SP ADR	ADR	91912E105	88,173	14,970	SH		SOLE		14,970	0	14,970
Valero Energy	COM	91913Y100	1,342,770	21,450	SH		SOLE		21,450	0	21,450
VALUE LINE INC	COM	920437100	386,593	37,244	SH		SOLE		37,244	0	37,244
WAL-MART STORES INC	COM	931142103	245,985	3,468	SH		SOLE		3,468	0	3,468
WELLS FARGO & CO	COM	949746101	403,073	7,167	SH		SOLE		7,167	0	7,167
WESTERN ALLIANCE BANCORP	COM	957638109	789,984	23,400	SH		SOLE		23,400	0	23,400
WHOLE FOODS MARKET INC	COM	966837106	896,471	22,730	SH		SOLE		22,730	0	22,730
WISDOMTREE TR KOREA HEDGED EQUITY FD	KOREA HEDG EQT FD	97717W372	269,439	12,850	SH		SOLE		12,850	0	12,850
WISDOMTREE JAP HEDG EQ FD	JAPAN HEDGE EQT	97717W851	1,477,533	25,831	SH		SOLE		25,831	0	25,831
WISDOMTREE EUROPE HEDGED EQUITY FUND	EUROPE HEDGED EQ	97717X701	1,883,915	30,588	SH		SOLE		30,588	0	30,588
YOUKU TUDOU INC SP ADR REPR 18 SHS A	ADR	98742U100	772,818	31,505	SH		SOLE		31,505	0	31,505
YUM BRANDS INC	COM	988498101	366,626	4,070	SH		SOLE		4,070	0	4,070
FLEXTRONICS INTL LTD ORD	ORD	Y2573F102	17,982,448	1,589,960	SH		SOLE		1,589,960	0	1,589,960