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	COM	00206R102	325,863	9,470	SH		SOLE		9,470	0	9,470
ADVANCED MICRO DEVICES INC COM	COM	007903107	742,182	258,600	SH		SOLE		258,600	0	258,600
AIR TRANS SVCS GROUP INC COM	COM	00922R105	17,101,224	1,696,550	SH		SOLE		1,696,550	0	1,696,550
Alaska Air Group	COM	011659109	563,570	7,000	SH		SOLE		7,000	0	7,000
ALEXION PHARMACEUTICALS INC	COM	015351109	343,350	1,800	SH		SOLE		1,800	0	1,800
ALIBABA GRP SP ADR REPR 1 SHS	SPONSERED ADS	01609W102	296,563	3,650	SH		SOLE		3,650	0	3,650
ALPHABET INC CAP STK CL A	CAP STK CL A	02079K305	1,549,018	1,991	SH		SOLE		1,991	0	1,991
AMAZON COM INC	COM	023135106	1,328,124	1,965	SH		SOLE		1,965	0	1,965
AMERICAN AIRLS GROUP INC COM	COM	02376R102	693,270	16,370	SH		SOLE		16,370	0	16,370
AMERICAN CAP AGY CORP COM	COM	02503X105	869,117	50,120	SH		SOLE		50,120	0	50,120
APOLLO INVESTMENT CORP	COM	03761U106	65,595	12,566	SH		SOLE		12,566	0	12,566
APPLE INC COM	COM	037833100	15,912,681	151,175	SH		SOLE		151,175	0	151,175
ARCELORMITTAL SA LUXEMBOURG N Y REGISTRY SHS	NY REGISTRY SH	03938L104	83,134	19,700	SH		SOLE		19,700	0	19,700
AVIS BUDGET GROUP INC COM	COM	053774105	8,350,873	230,115	SH		SOLE		230,115	0	230,115
BP PLC SPONS ADR	SPONSERED ADR	055622104	204,847	6,553	SH		SOLE		6,553	0	6,553
BANCO SANTANDER SA ADR	ADR	05964H105	199,227	40,852	SH		SOLE		40,852	0	40,852
BANCO SANTANDER (BRASIL) SA -ADR- REPR 1 UNIT	ADS REP 1 UNIT	05967A107	97,250	25,000	SH		SOLE		25,000	0	25,000
BANK AMER CORP COM	COM	060505104	2,084,744	123,557	SH		SOLE		123,557	0	123,557
BARCLAYS BK PLC SER 2 ADR REPSTG PREF SHS DIV RT 6.625% FREQ QTLY PERP MATY PERP CALL 09/15/14@25.00	ADR 2 PREF 2	06739F390	2,215,328	85,600	SH		SOLE		85,600	0	85,600
BARCLAYS BK PLC SPON ADR PREF SHS SER 5 DIV RT 8.125% FREQ QRTLY PERP MATY PERP CALL 09/15/14@25.00	ADR PFD SR 5	06739H362	468,190	20,370	SH		SOLE		20,370	0	20,370
BARCLAYS BK PLC SPON ADR REPSTG DOLLAR PREF SHS SER 3 DIV RT 7.1% PERP MATY PERP CALL 09/15/14@25.00	SP ADR 7.1%PF3	06739H776	107,219	10,415	SH		SOLE		10,415	0	10,415
BARRICK GOLD CORP COM	COM	067901108	132,770	18,000	SH		SOLE		18,000	0	18,000
BERKSHIRE HATHAWAY INC DEL CL B NEW	COM	084670702	905,862	6,843	SH		SOLE		6,843	0	6,843
BRISTOL MYERS SQUIBB CO COM	COM	110122108	248,902	3,595	SH		SOLE		3,595	0	3,595
CIGNA CORP COM	COM	125509109	4,467,455	30,530	SH		SOLE		30,530	0	30,530
CARMAX INC COM	COM	143130102	3,086,544	57,190	SH		SOLE		57,190	0	57,190
CHINA TECHFAITH WIRELESS S ADR	SPONSERED ADR	169424108	14,704	20,000	SH		SOLE		20,000	0	20,000
CITIGROUP INC COM NEW	COM NEW	172967424	2,427,110	46,833	SH		SOLE		46,833	0	46,833
CLIFFS NAT RES INC COM	COM	18683K101	21,330	13,500	SH		SOLE		13,500	0	13,500
COCA COLA COMPANY	COM	191216100	387,250	9,000	SH		SOLE		9,000	0	9,000
CONOCOPHILLIPS COM	COM	20825C104	248,531	5,323	SH		SOLE		5,323	0	5,323
CORNING INC COM	COM	219350105	1,729,379	94,605	SH		SOLE		94,605	0	94,605
COSTCO WHOLESALE CORP NEW COM	COM	22160K105	347,225	2,150	SH		SOLE		2,150	0	2,150
DISNEY WALT CO DISNEY COM	COM DISNEY	254687106	6,174,186	58,735	SH		SOLE		58,735	0	58,735
DOLLAR TREE INC COM	COM	256746108	293,436	3,800	SH		SOLE		3,800	0	3,800
ETFS GOLD TR SH	SHS	26922Y105	475,537	4,595	SH		SOLE		4,595	0	4,595
EMERSON ELEC CO COM	COM	291011104	234,367	4,900	SH		SOLE		4,900	0	4,900
EXXON MOBIL CORP COM	COM	30231G102	408,458	5,240	SH		SOLE		5,240	0	5,240
FACEBOOK INC CL A	CL A	30303M102	3,028,337	28,935	SH		SOLE		28,935	0	28,935
FLUOR CORP NEW COM	COM	343412102	3,147,213	66,650	SH		SOLE		66,650	0	66,650
FORTRESS INVESTMENT GROUP LLC -A-	CL A	34958B106	73,805	14,500	SH		SOLE		14,500	0	14,500
FREEPORT-MCMORAN INC CL B	CL B	35671D857	77,131	11,393	SH		SOLE		11,393	0	11,393
FRESHPET INC COM	COM	358039105	174,724	20,580	SH		SOLE		20,580	0	20,580
GENERAL ELECTRIC CO COM	COM	369604103	1,931,177	62,140	SH		SOLE		62,140	0	62,140
GENERAL MILLS INC COM	COM	370334104	524,706	9,100	SH		SOLE		9,100	0	9,100
GENERAL MTRS CO COM	COM	37045V100	926,762	27,240	SH		SOLE		27,240	0	27,240
GLAXOSMITHKLINE PLC SPONS ADR	SPONSORED ADR	37733W105	351,267	8,620	SH		SOLE		8,620	0	8,620
GOLDMAN SACHS GROUP INC	COM	38141G104	202,581	1,114	SH		SOLE		1,114	0	1,114
GROUPON INC COM CL A	COM CL A	399473107	61,400	20,000	SH		SOLE		20,000	0	20,000
HCA HOLDINGS INC	COM	40412C101	340,150	5,000	SH		SOLE		5,000	0	5,000
HASBRO INC -SHS	COM	418056107	269,440	4,000	SH		SOLE		4,000	0	4,000
HOME DEPOT INC COM	COM	437076102	1,161,023	8,779	SH		SOLE		8,779	0	8,779
ICAHN ENTERPRISES LP DEPOSITARY UNIT	DEPOSITORY UNIT	451100101	251,514	4,103	SH		SOLE		4,103	0	4,103
INOVALON HLDGS INC COM CL A	COM CL A	45781D101	217,855	12,815	SH		SOLE		12,815	0	12,815
INTEL CORP COM	COM	458140100	938,763	27,250	SH		SOLE		27,250	0	27,250
ISHARES INC MSCI SPAIN CAPPED ETF	MSCI SPAN CP ETF	464286764	219,375	7,760	SH		SOLE		7,760	0	7,760
ISHARES INC MSCI GERMANY ETF	MSCI GERMANY ETF	464286806	842,009	32,150	SH		SOLE		32,150	0	32,150
ISHARES INC MSCI MEXICO CAPPED ETF	MSCI MEX CAP ETF	464286822	732,999	14,710	SH		SOLE		14,710	0	14,710
ISHARES TR SELECT DIVID ETF FD	SELECT DIVID ETF	464287168	248,671	3,309	SH		SOLE		3,309	0	3,309
ISHARES TR CHINA LARGE-CAP ETF	CHINA LG-CAP ETF	464287184	1,021,944	28,958	SH		SOLE		28,958	0	28,958
ISHARES TR GLOBAL ENERGY ETF	GLOBAL ENERG ETF	464287341	261,080	9,325	SH		SOLE		9,325	0	9,325
ISHARES TR BARCLAYS 20+ YR TREAS BD ETF	20+ YR TR BD ETF	464287432	3,481,748	28,875	SH		SOLE		28,875	0	28,875
ISHARES TR US FINANCIALS ETF INDEX FD	US FINLS ETF	464287788	562,981	6,370	SH		SOLE		6,370	0	6,370
ISHARES TR EUROPE ETF	EUROPE ETF	464287861	271,745	6,775	SH		SOLE		6,775	0	6,775
ISHARES TR US REGIONAL BANKS INDEX FD ETF	US REGNL BKS ETF	464288778	419,520	12,000	SH		SOLE		12,000	0	12,000
ISHARES TR RUSSELL TOP 200 GROWTH ETF	RUS TP200 GR ETF	464289438	321,240	6,000	SH		SOLE		6,000	0	6,000
ISHARES INC MSCI RUSSIA CAPPED ETF	MSCI RUSSIA CAP	46434G806	250,870	22,540	SH		SOLE		22,540	0	22,540
JP MORGAN CHASE & CO COM	COM	46625H100	869,248	13,162	SH		SOLE		13,162	0	13,162
JOHNSON & JOHNSON COM	COM	478160104	442,210	4,305	SH		SOLE		4,305	0	4,305
JOHNSON CTLS INC COM	COM	478366107	6,810,840	172,470	SH		SOLE		172,470	0	172,470
LSB INDUSTRIES INC COM	COM	502160104	286,375	39,500	SH		SOLE		39,500	0	39,500
LENNAR CORP CL A	CL A	526057104	656,702	13,420	SH		SOLE		13,420	0	13,420
MAGNA INTERNATIONAL INC COM	COM	559222401	1,555,476	38,350	SH		SOLE		38,350	0	38,350
MEDNAX INC COM	COM	58502B106	919,398	12,830	SH		SOLE		12,830	0	12,830
MENS WEARHOUSE INC COM	COM	587118100	2,825,533	192,475	SH		SOLE		192,475	0	192,475
MICROSOFT CORP	COM	594918104	721,240	13,000	SH		SOLE		13,000	0	13,000
MICRON TECHNOLOGY INC COM	COM	595112103	10,236,335	722,905	SH		SOLE		722,905	0	722,905
NVR INC	COM	62944T105	10,206,316	6,212	SH		SOLE		6,212	0	6,212
NETFLIX INC COM	COM	64110L106	359,735	3,145	SH		SOLE		3,145	0	3,145
OI S A SPONSORED ADR NEW	SPN ADR NEW	670851302	35,577	58,323	SH		SOLE		58,323	0	58,323
OWENS ILLINOIS INC	COM NEW	690768403	4,704,184	270,045	SH		SOLE		270,045	0	270,045
PACWEST BANCORP DEL COM	COM	695263103	411,131	9,539	SH		SOLE		9,539	0	9,539
PALO ALTO NETWORKS INC COM	COM	697435105	412,168	2,340	SH		SOLE		2,340	0	2,340
PETROLEO BRASILEIRO SA	SPONSORED ADR	71654V408	13,985,514	3,252,445	SH		SOLE		3,252,445	0	3,252,445
POWERSHARES QQQ TR UNIT SER 1	UNIT SER 1	73935A104	2,292,571	20,495	SH		SOLE		20,495	0	20,495
PROCTER & GAMBLE CO COM	COM	742718109	193,303	2,415	SH		SOLE		2,415	0	2,415
PROSHARES TR PROSHARES ULTRASHORT 20+ YR TREAS NEW	PSHS ULTSH 20YRS	74347B201	2,229,589	50,592	SH		SOLE		50,592	0	50,592
PROSHARES TR PROSHARES ULTRA QQQ	PSHS ULTRA QQQ	74347R206	2,544,754	32,460	SH		SOLE		32,460	0	32,460
QUALCOMM INC	COM	747525103	830,751	16,620	SH		SOLE		16,620	0	16,620
REGENERON PHARMACEUTICALS INC	COM	75886F107	325,722	600	SH		SOLE		600	0	600
RENREN INC SPONSORED ADR RESPTG CL A	SPONSERED ADR	759892102	91,264	24,800	SH		SOLE		24,800	0	24,800
RITE AID	COM	767754104	98,000	12,500	SH		SOLE		12,500	0	12,500
SPDR S&P 500 ETF TR TR UNIT	TR UNIT	78462F103	1,232,017	6,043	SH		SOLE		6,043	0	6,043
SPDR GOLD TR GOLD SHS	GOLD SHS	78463V107	2,042,288	20,129	SH		SOLE		20,129	0	20,129
SPDR SER TR S&P METALS & MNG ETF	S&P METALS MNG	78464A755	206,310	13,800	SH		SOLE		13,800	0	13,800
SANCHEZ ENERGY CORP COM	COM	79970Y105	73,270	17,000	SH		SOLE		17,000	0	17,000
SANDERSON FARMS INC	COM	800013104	279,072	3,600	SH		SOLE		3,600	0	3,600
SELECT SECTOR SPDR TR ENERGY	SBI INT-ENERGY	81369Y506	470,528	7,790	SH		SOLE		7,790	0	7,790
SIMON PPTY GROUP INC NEW COM	COM	828806109	260,513	1,335	SH		SOLE		1,335	0	1,335
SKYWORKS SOLUTIONS INC COM	COM	83088M102	891,228	11,600	SH		SOLE		11,600	0	11,600
SOLAREDGE TECHNOLOGIES INC COM	COM	83417M104	2,408,543	8,550	SH		SOLE		8,550	0	8,550
STARBUCKS CORP COM	COM	855244109	1,323,722	22,051	SH		SOLE		22,051	0	22,051
SUNCOKE ENERGY INC COM	COM	86722A103	155,345	44,590	SH		SOLE		44,590	0	44,590
SYNTEL INC COM	COM	87162H103	1,128,988	24,950	SH		SOLE		24,950	0	24,950
TAIWAN SEMICONDUCTOR MFG CO	SPONSORED ADR	874039100	5,798,406	254,875	SH		SOLE		254,875	0	254,875
TECK RES LTD CL B SUB VTG	CL B	878742204	61,760	16,000	SH		SOLE		16,000	0	16,000
TEREX CORP NEW .01 PV	COM	880779103	3,747,005	202,760	SH		SOLE		202,760	0	202,760
TESORO CORP COM	COM	881609101	695,442	6,600	SH		SOLE		6,600	0	6,600
TESLA MTRS INC COM	COM	88160R101	684,269	2,851	SH		SOLE		2,851	0	2,851
ULTA SALON COSMETICS & FRAGRANCE INC COM	COM	90384S303	888,000	4,800	SH		SOLE		4,800	0	4,800
UNDER ARMOUR INC CL A COM	CL A	904311107	241,830	3,000	SH		SOLE		3,000	0	3,000
UNILEVER PLC SPON ADR NEW	SPON ADR NEW	904767704	378,033	8,767	SH		SOLE		8,767	0	8,767
UNITED STS OIL FD LP UNITS	UNITS	91232N108	206,910	18,810	SH		SOLE		18,810	0	18,810
Unitedhealth Group	COM	91324P102	564,672	4,800	SH		SOLE		4,800	0	4,800
VALE S A ADR	ADR	91912E105	37,444	11,400	SH		SOLE		11,400	0	11,400
VIACOM INC NEW CL B	CL B	92553P201	5,568,948	135,300	SH		SOLE		135,300	0	135,300
VISA INC COM CL A	COM CL A	92826C839	1,240,025	15,990	SH		SOLE		15,990	0	15,990
WAL MART STORES INC COM	COM	931142103	326,453	5,298	SH		SOLE		5,298	0	5,298
WELLS FARGO & CO NEW COM	COM	949746101	3,094,042	56,887	SH		SOLE		56,887	0	56,887
WHOLE FOODS MKT INC COM	COM	966837106	668,158	19,945	SH		SOLE		19,945	0	19,945
WISDOMTREE TR JAPAN HEDGED EQUITY FD	JAPN HEDGE EQT	97717W851	2,165,259	43,236	SH		SOLE		43,236	0	43,236
WISDOMTREE TR EUROPE HEDGED EQUITY FD	EUROPE HEDGE EQ	97717X701	2,147,188	39,903	SH		SOLE		39,903	0	39,903
YAHOO INC COM	COM	984332106	717,252	21,565	SH		SOLE		21,565	0	21,565
C&J ENERGY SVCS LTD SHS	SHS	G3164Q101	62,380	13,105	SH		SOLE		13,105	0	13,105
FLEXTRONICS INTL LTD ORD SHS	ORD	Y2573F102	15,395,085	1,373,335	SH		SOLE		1,373,335	0	1,373,335