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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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	COM	00206R102	287,356	8,820	SH		SOLE		8,820	0	8,820
ADVANCED MICRO DEVICES INC COM	COM	007903107	444,792	258,600	SH		SOLE		258,600	0	258,600
AIR TRANS SVCS GROUP INC COM	COM	00922R105	14,505,503	1,696,550	SH		SOLE		1,696,550	0	1,696,550
ALIBABA GRP SP ADR REPR 1 SHS	SPN ADS	01609W102	215,168	3,650	SH		SOLE		3,650	0	3,650
AMAZON.COM INC	COM	023135106	1,005,864	1,965	SH		SOLE		1,965	0	1,965
AMERICAN AIRLINES GROUP	COM	02376R102	525,758	13,540	SH		SOLE		13,540	0	13,540
AMERICAN CAPITAL AGENCY CORP	COM	02503X105	993,979	53,160	SH		SOLE		53,160	0	53,160
APOLLO INVESTMENT CORP	COM	03761U106	68,862	12,566	SH		SOLE		12,566	0	12,566
APPLE INC	COM	037833100	14,738,176	133,619	SH		SOLE		133,619	0	133,619
APPLIED MATERIALS INC -SHS	COM	038222105	221,085	15,050	SH		SOLE		15,050	0	15,050
ARCELORMITTAL SA NY REGISTERED -A-	NY REGISTRY SH	03938L104	86,005	16,700	SH		SOLE		16,700	0	16,700
AVIS BUDGET GROUP INC COM	COM	053774105	10,051,423	230,115	SH		SOLE		230,115	0	230,115
BP PLC -ADR-	SPN ADR	055622104	200,260	6,553	SH		SOLE		6,553	0	6,553
BANCO SANTANDER SA -ADR-	ADR	05964H105	110,081	20,849	SH		SOLE		20,849	0	20,849
BANCO SANTANDER (BRASIL) SA -ADR- REPR 1 UNIT	ADS REP 1 UNIT	05967A107	78,750	25,000	SH		SOLE		25,000	0	25,000
BANK OF AMERICA CORP	COM	060505104	1,801,936	115,657	SH		SOLE		115,657	0	115,657
BARCLAYS BANK PLC ADR	ETN DJUBS CORP	06739F390	2,339,809	102,370	SH		SOLE		102,370	0	102,370
BARCLAYS BANK PLC NON CUM 8 1/8% SIES 5 ADR	ADR PRF SER 5	06739H362	482,152	20,370	SH		SOLE		20,370	0	20,370
BARRICK GOLD CORPORATION -USD	COM	067901108	91,215	12,500	SH		SOLE		12,500	0	12,500
BERKSHIRE HATHAWAY INC CLASS -B-	CL B NEW	084670702	853,859	6,548	SH		SOLE		6,548	0	6,548
BRISTOL-MYERS SQUIBB CO -SHS	COM	110122108	441,336	7,455	SH		SOLE		7,455	0	7,455
CIGNA CORP COM	COM	125509109	4,122,161	30,530	SH		SOLE		30,530	0	30,530
CARMAX INC COM	COM	143130102	3,392,511	57,190	SH		SOLE		57,190	0	57,190
CEMEX ADR REPR 10 CPO	SPON ADR NEW	151290889	1,635,716	234,008	SH		SOLE		234,008	0	234,008
CHINA TECHFAITH WIRELESS S ADR -SHS	SPON ADR	169424108	11,594	20,000	SH		SOLE		20,000	0	20,000
CITIGROUP INC.	COM	172967424	1,873,528	37,766	SH		SOLE		37,766	0	37,766
COCA-COLA CO	COM	191216100	385,152	9,600	SH		SOLE		9,600	0	9,600
CONOCOPHILLIPS COM	COM	20825C104	267,282	5,573	SH		SOLE		5,573	0	5,573
CORNING INC	COM	219350105	1,619,638	94,605	SH		SOLE		94,605	0	94,605
COSTCO WHOLESALE CORP NEW COM	COM	22160K105	310,826	2,150	SH		SOLE		2,150	0	2,150
WALT DISNEY	COM	254687106	5,926,067	57,985	SH		SOLE		57,985	0	57,985
ETFS GOLD	SHS	26922Y105	419,766	3,850	SH		SOLE		3,850	0	3,850
EMERSON ELEC CO COM	COM	291011104	220,850	5,000	SH		SOLE		5,000	0	5,000
FACEBOOK INC -A-	CL A	30303M102	2,932,448	32,619	SH		SOLE		32,619	0	32,619
FLUOR CORP NEW COM	COM	343412102	2,822,628	66,650	SH		SOLE		66,650	0	66,650
FOMENTO ECONOMICO MEX S A B DE C V NEW	SPN ADR UNITS	344419106	223,125	2,500	SH		SOLE		2,500	0	2,500
FOOT LOCKER INC	COM	344849104	273,486	3,800	SH		SOLE		3,800	0	3,800
FORTRESS INVESTMENT GROUP LLC -A-	CL A	34958B106	80,475	14,500	SH		SOLE		14,500	0	14,500
FRESHPET INC -SHS 01.10.2015	COM	358039105	201,338	19,175	SH		SOLE		19,175	0	19,175
FUEL TECH INC	COM	359523107	21,965	11,500	SH		SOLE		11,500	0	11,500
GENERAL ELECTRIC CO COM	COM	369604103	447,655	17,750	SH		SOLE		17,750	0	17,750
GENERAL MILLS INC COM	COM	370334104	510,783	9,100	SH		SOLE		9,100	0	9,100
GENERAL MOTORS CO	COM	37045V100	823,629	27,436	SH		SOLE		27,436	0	27,436
GLAXOSMITHKLINE PLC-SPON ADR -SHS	SPN ADR	37733W105	235,314	6,120	SH		SOLE		6,120	0	6,120
GOOGLE INC -A-	CL A	38259P508	1,270,995	1,991	SH		SOLE		1,991	0	1,991
GOPRO 'A'	CL A	38268T103	370,738	11,875	SH		SOLE		11,875	0	11,875
HCA HOLDINGS INC	COM	40412C101	390,518	5,050	SH		SOLE		5,050	0	5,050
HASBRO INC -SHS 01.10.2015	COM	418056107	288,560	4,000	SH		SOLE		4,000	0	4,000
HOME DEPOT	COM	437076102	748,260	6,479	SH		SOLE		6,479	0	6,479
ICAHN ENTERPRISES LP UNITS REPR UNITS OF LP INT	DEP UNITS	451100101	272,704	4,069	SH		SOLE		4,069	0	4,069
INTEL	COM	458140100	1,002,155	33,250	SH		SOLE		33,250	0	33,250
ISHARES MSCI FRANCE ETF	MSCS FRANCE ETF	464286707	457,330	19,000	SH		SOLE		19,000	0	19,000
ISHARES MSCI SPAIN CAPPED ETF	MSCS SPAN J CP ETF	464286764	230,162	7,760	SH		SOLE		7,760	0	7,760
ISHARES-MSCI GERMANY INDEX	MSCS GERMANY ETF	464286806	795,391	32,150	SH		SOLE		32,150	0	32,150
ISHARES MSCI MEXICO INVESTAB-ETF	MSCS MEX CAP ETF	464286822	758,448	14,710	SH		SOLE		14,710	0	14,710
ISHARES MSCI ITALY CAPPED ETF	MSCS ITALCPD	464286855	429,600	30,000	SH		SOLE		30,000	0	30,000
ISHARES TR SELECT DIVID ETF FD	MSCS DIVID ETF	464287168	240,730	3,309	SH		SOLE		3,309	0	3,309
ISHARES CHINA LARGE-CAP ETF	CHINA LG CAP ETF	464287184	512,603	14,452	SH		SOLE		14,452	0	14,452
ISHARES GLOBAL ENERGY ETF	GLOBAL ENERG ETF	464287341	267,534	9,325	SH		SOLE		9,325	0	9,325
ISHARES TR BARCLAYS 20+ YR TREAS BD ETF	20+ YR TR BD ETF	464287432	1,198,338	9,700	SH		SOLE		9,700	0	9,700
ISHARES T DOW JONES U.S. FIN SEC IN	US FINLS ETF	464287788	535,781	6,370	SH		SOLE		6,370	0	6,370
ISHARES S&P EUROPE 350-ETF	EUROPE ETF	464287861	269,645	6,775	SH		SOLE		6,775	0	6,775
ISHARES US REGIONAL BANKS ETF	US REGNL BKS	464288778	379,463	11,250	SH		SOLE		11,250	0	11,250
ISHARES TR RUSSELL TOP 200 GROWTH ETF	RUSS TP200 VL ETF	464289438	296,640	6,000	SH		SOLE		6,000	0	6,000
ISHARES SILVER TRUST	ISHARE	46428Q109	163,527	11,790	SH		SOLE		11,790	0	11,790
ISHARES MSCI RUSSIA CAPPED ETF	MSCI RUSSIA ETF	46434G806	273,636	22,540	SH		SOLE		22,540	0	22,540
JPMORGAN CHASE	COM	46625H100	430,570	7,062	SH		SOLE		7,062	0	7,062
JOHNSON & JOHNSON -SHS	COM	478160104	425,676	4,560	SH		SOLE		4,560	0	4,560
JOHNSON CTLS INC COM	COM	478366107	7,133,360	172,470	SH		SOLE		172,470	0	172,470
LSB INDUSTRIES INC COM	COM	502160104	605,140	39,500	SH		SOLE		39,500	0	39,500
LENNAR 'A'	CL A	526057104	645,905	13,420	SH		SOLE		13,420	0	13,420
MAGNA INTERNATIONAL INC COM	COM	559222401	1,841,184	38,350	SH		SOLE		38,350	0	38,350
MCDONALDS CORP	COM	580135101	258,149	2,620	SH		SOLE		2,620	0	2,620
MEDNAX INC COM	COM	58502B106	985,216	12,830	SH		SOLE		12,830	0	12,830
MENS WEARHOUSE INC COM	COM	587118100	8,184,037	192,475	SH		SOLE		192,475	0	192,475
MICROSOFT	COM	594918104	1,334,439	30,150	SH		SOLE		30,150	0	30,150
MICRON TECHNOLOGY INC COM	COM	595112103	10,829,117	722,905	SH		SOLE		722,905	0	722,905
NVR INC	COM	62944T105	9,474,667	6,212	SH		SOLE		6,212	0	6,212
NATIONAL BANK OF GREECE 9% 08-PERP PFD SIES -A-	ADR PRF SER A	633643507	727,265	94,450	SH		SOLE		94,450	0	94,450
NATIONAL BANK OF GREECE S.A. -ADR-	SPN ADR REP 1 SH	633643705	133,483	289,550	SH		SOLE		289,550	0	289,550
NETFLIX INC	COM	64110L106	375,343	3,635	SH		SOLE		3,635	0	3,635
OI S A SPONSORED ADR REPSTG PFD NEW	SPN ADR PFD NEW	670851401	42,808	63,325	SH		SOLE		63,325	0	63,325
OWENS ILLINOIS INC	COM	690768403	5,595,332	270,045	SH		SOLE		270,045	0	270,045
PACWEST BANCORP	COM	695263103	408,365	9,539	SH		SOLE		9,539	0	9,539
PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR	SP ADR	71654V408	14,169,886	3,257,445	SH		SOLE		3,257,445	0	3,257,445
POWERSHARES QQQ TRUST SERIES I	CL A	73935A104	2,064,710	20,290	SH		SOLE		20,290	0	20,290
PROSHARES TR.-ULTRASH 20+ TREASURY	PSHSULTSH 20YRS	74347B201	1,941,935	44,776	SH		SOLE		44,776	0	44,776
PROSHARES TRUST SHS ULTRA QQQ PROSHARES ETF	PSHS ULTRA QQQ	74347R206	999,186	15,360	SH		SOLE		15,360	0	15,360
QUALCOMM INC -SHS 01.10.2015	COM	747525103	842,755	15,685	SH		SOLE		15,685	0	15,685
RITE AID	COM	767754104	664,362	109,450	SH		SOLE		109,450	0	109,450
ROYAL BANK OF SCOTLAND GROUP -ADR- 5 3/4% SIES -L-	SP ADR L RP PF	780097788	1,245,172	56,750	SH		SOLE		56,750	0	56,750
SPDR S&P 500 ETF TRUST UNITS SERIES -1-	TR UNIT	78462F103	1,217,042	6,351	SH		SOLE		6,351	0	6,351
SPDR GOLD TRUST	GOLD SHS	78463V107	2,452,864	22,954	SH		SOLE		22,954	0	22,954
SPDR IS EUR STOXX 50 ETF -SBI-	EURO STOXX 50	78463X202	440,050	13,000	SH		SOLE		13,000	0	13,000
SPDR SER TR S&P METALS & MNG ETF	S&P METALS MNG	78464A755	197,296	11,800	SH		SOLE		11,800	0	11,800
SANCHEZ ENERGY CORP COM	COM	79970Y105	61,500	10,000	SH		SOLE		10,000	0	10,000
CONSUMER DISCRET.SELECT SECTOR SPDR	ETF	81369Y407	349,022	4,700	SH		SOLE		4,700	0	4,700
SECTOR SPRD TRUST - ENERGY SELECT.SECTOR SPDR FUND	ETF	81369Y506	459,486	7,508	SH		SOLE		7,508	0	7,508
SKYWORKS SOLUTIONS INC COM	COM	83088M102	976,836	11,600	SH		SOLE		11,600	0	11,600
SOLARCITY CORP	COM	83416T100	975,710	22,845	SH		SOLE		22,845	0	22,845
SOUTHWEST AIRLINES	COM	844741108	728,162	19,142	SH		SOLE		19,142	0	19,142
STARBUCKS CORP	COM	855244109	988,789	17,396	SH		SOLE		17,396	0	17,396
SYNTEL INC COM	COM	87162H103	1,130,485	24,950	SH		SOLE		24,950	0	24,950
TAIWAN SEMICONDUCTOR MFG CO SPONSORED ADR	SPN ADR	874039100	5,288,656	254,875	SH		SOLE		254,875	0	254,875
TEREX CORP NEW .01 PV	COM	880779103	3,637,514	202,760	SH		SOLE		202,760	0	202,760
TESLA MOTORS INC	COM	88160R101	708,188	2,851	SH		SOLE		2,851	0	2,851
ULTA SALON COSMETICS & FRAGRANCE	COM	90384S303	784,080	4,800	SH		SOLE		4,800	0	4,800
UNDER ARMOUR INC CL A COM	CL A	904311107	425,832	4,400	SH		SOLE		4,400	0	4,400
UNILEVER PLC SPON ADR NEW	ADR	904767704	357,518	8,767	SH		SOLE		8,767	0	8,767
UNITED STS OIL FD LP UNITS	UNITS	91232N108	276,131	18,810	SH		SOLE		18,810	0	18,810
UNITED STATES STEEL CORP	COM	912909108	355,166	34,085	SH		SOLE		34,085	0	34,085
UNITEDHEALTH GROUP	COM	91324P102	696,060	6,000	SH		SOLE		6,000	0	6,000
VALE SA-SP ADR -SHS 01.10.2015	ADR	91912E105	47,880	11,400	SH		SOLE		11,400	0	11,400
VALUE LINE INC	COM	920437100	545,535	36,369	SH		SOLE		36,369	0	36,369
VIACOM INC NEW CL B	CL B	92553P201	5,838,195	135,300	SH		SOLE		135,300	0	135,300
VISA 'A'	COM CL A	92826C839	601,862	8,640	SH		SOLE		8,640	0	8,640
WAL-MART STORES INC -SHS	COM	931142103	257,285	3,968	SH		SOLE		3,968	0	3,968
WELLS FARGO & CO.	COM	949746101	2,874,932	55,987	SH		SOLE		55,987	0	55,987
WHOLE FOODS MARKET INC -SHS	COM	966837106	629,677	19,895	SH		SOLE		19,895	0	19,895
WISDOMTREE TR KOREA HEDGED EQUITY FD	ETF	97717W372	215,942	11,150	SH		SOLE		11,150	0	11,150
WISDOMTREE-JAPAN HEDGED EQUITY	ETF	97717W851	1,551,816	31,891	SH		SOLE		31,891	0	31,891
WISDOMTREE EUROPE HEDGED EQUITY FUND	ETF	97717X701	2,544,121	46,553	SH		SOLE		46,553	0	46,553
YAHOO INC	COM	984332106	623,429	21,565	SH		SOLE		21,565	0	21,565
YOUKU TUDOU INC -SP.ADR REPR 18 SHS A	ADR	98742U100	555,433	31,505	SH		SOLE		31,505	0	31,505
YUM BRANDS INC	COM	988498101	245,447	3,070	SH		SOLE		3,070	0	3,070
ZOES KITCHEN INC COM	COM	98979J109	223,119	5,650	SH		SOLE		5,650	0	5,650
C&J ENERGY SVCS LTD SHS	SHS	G3164Q101	83,283	23,660	SH		SOLE		23,660	0	23,660
FLEXTRONICS INTL LTD ORD SHS	ORD	Y2573F102	14,474,951	1,373,335	SH		SOLE		1,373,335	0	1,373,335