Arbor Wealth Management 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
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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
AMERICAN AIRLS GROUP INC	COM	02376R102	7	213	SH		SOLE		0	0	213
APPLE INC	COM	037833100	3,147	19,948	SH		SOLE		0	0	19,948
ABBVIE INC	COM	00287Y109	55	600	SH		SOLE		0	0	600
ALLIANCE DATA SYSTEMS CORP	COM	018581108	3,773	25,140	SH		SOLE		0	0	25,140
AMERICAN FINL GROUP INC OHIO	COM	025932104	18	200	SH		SOLE		0	0	200
FIRST MAJESTIC SILVER CORP	COM	32076V103	6	1,000	SH		SOLE		0	0	1,000
ALLERGAN PLC	SHS	G0177J108	1	4	SH		SOLE		0	0	4
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	5	1,005	SH		SOLE		0	0	1,005
ASHFORD HOSPITALITY TR INC	COM SHS	044103109	1,231	23,380	SH		SOLE		0	0	23,380
ALBEMARLE CORP	COM	012653101	5	53	SH		SOLE		0	0	53
BLACK RIDGE ACQUISITION CORP	COM	09216T107	0	500	SH		SOLE		0	0	500
ANTHEM INC	COM	036752103	134	510	SH		SOLE		0	0	510
AMERIGAS PARTNERS L P	UNIT L P INT	030975106	1,036	40,965	SH		SOLE		0	0	40,965
ARCONIC INC	COM	03965L100	2	147	SH		SOLE		0	0	147
ATHENAHEALTH INC	COM	04685W103	1	8	SH		SOLE		0	0	8
BOEING CO	COM	097023105	97	301	SH		SOLE		0	0	301
BANK AMER CORP	COM	060505104	11	433	SH		SOLE		0	0	433
BOOKING HLDGS INC	COM	09857L108	1,085	630	SH		SOLE		0	0	630
BLACKROCK INC	COM	09247X101	2,090	5,321	SH		SOLE		0	0	5,321
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	5,247	25,698	SH		SOLE		0	0	25,698
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	715	23,990	SH		SOLE		0	0	23,990
CARDINAL HEALTH INC	COM	14149Y108	1,373	30,795	SH		SOLE		0	0	30,795
CATERPILLAR INC DEL	COM	149123101	6	44	SH		SOLE		0	0	44
CARNIVAL PLC	ADR	14365C103	5	100	SH		SOLE		0	0	100
CANOPY GROWTH CORP	COM	138035100	13	490	SH		SOLE		0	0	490
CHARTER COMMUNICATIONS INC N	CL A	16119P108	6,193	21,731	SH		SOLE		0	0	21,731
CIGNA CORPORATION	COM	125509109	80	422	SH		SOLE		0	0	422
COLONY CAP INC NEW	CL A COM	19626G108	1	299	SH		SOLE		0	0	299
CONTINENTAL RESOURCES INC	COM	212015101	2	50	SH		SOLE		0	0	50
CLOROX CO DEL	COM	189054109	1	4	SH		SOLE		0	0	4
COMCAST CORP NEW	CL A	20030N101	5,394	158,410	SH		SOLE		0	0	158,410
COSTCO WHSL CORP NEW	COM	22160K105	33	163	SH		SOLE		0	0	163
COTY INC	COM CL A	222070203	0	54	SH		SOLE		0	0	54
CAMPBELL SOUP CO	COM	134429109	2	53	SH		SOLE		0	0	53
CISCO SYS INC	COM	17275R102	16	373	SH		SOLE		0	0	373
CSX CORP	COM	126408103	51	825	SH		SOLE		0	0	825
CENTURYLINK INC	COM	156700106	2	104	SH		SOLE		0	0	104
CVS HEALTH CORP	CALL	126650900	0	5	SH		SOLE		0	0	5
CHEVRON CORP NEW	COM	166764100	174	1,603	SH		SOLE		0	0	1,603
ISHARES TR	MSCI ACWI EX US	464288240	170	5,206	SH		SOLE		0	0	5,206
CYPRESS SEMICONDUCTOR CORP	COM	232806109	2	131	SH		SOLE		0	0	131
DOMINION ENERGY MIDSTRM PRTN	COM UT REP LTD	257454108	1,578	22,082	SH		SOLE		0	0	22,082
DELTA AIR LINES INC DEL	COM NEW	247361702	5	99	SH		SOLE		0	0	99
DERMIRA INC	COM	24983L104	4	500	SH		SOLE		0	0	500
DOLLAR GEN CORP NEW	COM	256677105	5,627	52,063	SH		SOLE		0	0	52,063
ISHARES TR	DOW JONES US ETF	464287846	300	70	SH		SOLE		0	0	70
DISNEY WALT CO	COM DISNEY	254687106	5,268	48,040	SH		SOLE		0	0	48,040
DASEKE INC	COM	23753F107	0	100	SH		SOLE		0	0	100
DUKE ENERGY CORP NEW	COM NEW	26441C204	106	1,232	SH		SOLE		0	0	1,232
EBAY INC	COM	278642103	2	75	SH		SOLE		0	0	75
CONSOLIDATED EDISON INC	COM	209115104	16	211	SH		SOLE		0	0	211
ENTERPRISE PRODS PARTNERS L	COM	293792107	587	23,889	SH		SOLE		0	0	23,889
EVI INDUSTRIES INC	COM	26929N102	12	373	SH		SOLE		0	0	373
FORD MTR CO DEL	COM PAR $0.01	345370860	10	1,300	SH		SOLE		0	0	1,300
FACEBOOK INC	CL A	30303M102	2	17	SH		SOLE		0	0	17
FIAT CHRYSLER AUTOMOBILES N	SHS	N31738102	3,740	258,641	SH		SOLE		0	0	258,641
FIDELITY	MSCI COMMNTN SVC	316092873	4	141	SH		SOLE		0	0	141
FEDEX CORP	COM	31428X106	180	1,113	SH		SOLE		0	0	1,113
SPDR INDEX SHS FDS	STOXX EUR 50 ETF	78463X103	0	5	SH		SOLE		0	0	5
FITBIT INC	CL A	33812L102	1	200	SH		SOLE		0	0	200
GERMAN AMERN BANCORP INC	COM	373865104	446	16,067	SH		SOLE		0	0	16,067
GUGGENHEIM TAXABLE MUN MNGD	COM	401664107	55	2,500	SH		SOLE		0	0	2,500
GLOBAL BLOOD THERAPEUTICS IN	COM	37890U108	138	3,363	SH		SOLE		0	0	3,363
GENERAL DYNAMICS CORP	COM	369550108	7	43	SH		SOLE		0	0	43
GENERAL ELECTRIC CO	COM	369604103	30	3,900	SH		SOLE		0	0	3,900
GILEAD SCIENCES INC	COM	375558103	50	800	SH		SOLE		0	0	800
GENERAL MTRS CO	COM	37045V100	19	553	SH		SOLE		0	0	553
GLOBUS MED INC	CL A	379577208	2	55	SH		SOLE		0	0	55
ALPHABET INC	CAP STK CL C	02079K107	41	40	SH		SOLE		0	0	40
ALPHABET INC	CAP STK CL A	02079K305	3,686	3,527	SH		SOLE		0	0	3,527
GAMING PARTNERS INTL CORP	COM	36467A107	119	9,172	SH		SOLE		0	0	9,172
GOLDMAN SACHS GROUP INC	COM	38141G104	17	104	SH		SOLE		0	0	104
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	9	239	SH		SOLE		0	0	239
GARRETT MOTION INC	COM	366505105	0	4	SH		SOLE		0	0	4
ETF MANAGERS TR	PRIME CYBR SCRTY	26924G201	44	1,298	SH		SOLE		0	0	1,298
HALLIBURTON CO	CALL	406216901	17	640	SH		SOLE		0	0	640
HILTON WORLDWIDE HLDGS INC	COM	43300A203	41	569	SH		SOLE		0	0	569
HONEYWELL INTL INC	COM	438516106	6	47	SH		SOLE		0	0	47
HELMERICH & PAYNE INC	COM	423452101	30	635	SH		SOLE		0	0	635
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	4	299	SH		SOLE		0	0	299
HP INC	COM	40434L105	6	302	SH		SOLE		0	0	302
TEKLA LIFE SCIENCES INVS	SH BEN INT	87911K100	17	1,097	SH		SOLE		0	0	1,097
INTERNATIONAL BUSINESS MACHS	COM	459200101	129	1,132	SH		SOLE		0	0	1,132
INTEL CORP	COM	458140100	139	2,965	SH		SOLE		0	0	2,965
SOCIAL CAP HEDOSOPHIA HLDGS	CL A	G8250R103	4	448	SH		SOLE		0	0	448
ISHARES TR	US AER DEF ETF	464288760	40	234	SH		SOLE		0	0	234
ILLINOIS TOOL WKS INC	COM	452308109	51	400	SH		SOLE		0	0	400
ISHARES TR	RUSSELL 2000 ETF	464287655	66	493	SH		SOLE		0	0	493
JACOBS ENGR GROUP INC DEL	COM	469814107	14	244	SH		SOLE		0	0	244
JOHNSON & JOHNSON	COM	478160104	1,381	10,700	SH		SOLE		0	0	10,700
ST JOE CO	COM	790148100	2	186	SH		SOLE		0	0	186
JPMORGAN CHASE & CO	COM	46625H100	557	5,701	SH		SOLE		0	0	5,701
KELLOGG CO	COM	487836108	114	2,000	SH		SOLE		0	0	2,000
KRAFT HEINZ CO	COM	500754106	141	3,280	SH		SOLE		0	0	3,280
KIMBERLY CLARK CORP	COM	494368103	258	2,268	SH		SOLE		0	0	2,268
COCA COLA CO	COM	191216100	14	300	SH		SOLE		0	0	300
KANSAS CITY SOUTHERN	COM NEW	485170302	4	46	SH		SOLE		0	0	46
LEIDOS HLDGS INC	COM	525327102	6	110	SH		SOLE		0	0	110
LENNAR CORP	CL B	526057302	2,682	85,604	SH		SOLE		0	0	85,604
LA JOLLA PHARMACEUTICAL CO	COM PAR $.0001 2	503459604	0	38	SH		SOLE		0	0	38
LIMBACH HLDGS INC	COM	53263P105	0	64	SH		SOLE		0	0	64
LOCKHEED MARTIN CORP	COM	539830109	36	136	SH		SOLE		0	0	136
SOUTHWEST AIRLS CO	COM	844741108	2	39	SH		SOLE		0	0	39
MASTERCARD INCORPORATED	CL A	57636Q104	318	1,687	SH		SOLE		0	0	1,687
MCDONALDS CORP	COM	580135101	78	437	SH		SOLE		0	0	437
MCKESSON CORP	COM	58155Q103	1,316	11,917	SH		SOLE		0	0	11,917
MONDELEZ INTL INC	CL A	609207105	0	10	SH		SOLE		0	0	10
MEDTRONIC PLC	SHS	G5960L103	49	544	SH		SOLE		0	0	544
SPDR SERIES TRUST	S&P 400 MDCP GRW	78464A821	0	1	SH		SOLE		0	0	1
SPDR SERIES TRUST	S&P 400 MDCP VAL	78464A839	128	2,887	SH		SOLE		0	0	2,887
MGM RESORTS INTERNATIONAL	COM	552953101	5	206	SH		SOLE		0	0	206
MOHAWK INDS INC	COM	608190104	6	48	SH		SOLE		0	0	48
ALTRIA GROUP INC	COM	02209S103	1,453	29,423	SH		SOLE		0	0	29,423
MICROSOFT CORP	COM	594918104	1,034	10,179	SH		SOLE		0	0	10,179
MURPHY OIL CORP	CALL	626717902	23	1,000	SH		SOLE		0	0	1,000
NUVEEN QUALITY MUNCP INCOME	COM	67066V101	38	3,000	SH		SOLE		0	0	3,000
NEUROCRINE BIOSCIENCES INC	COM	64125C109	92	1,295	SH		SOLE		0	0	1,295
NEXTERA ENERGY INC	COM	65339F101	241	1,386	SH		SOLE		0	0	1,386
ANNALY CAP MGMT INC	COM	035710409	1,814	184,768	SH		SOLE		0	0	184,768
NORTHROP GRUMMAN CORP	COM	666807102	6	23	SH		SOLE		0	0	23
NORTHERN OIL & GAS INC NEV	COM	665531109	2	1,000	SH		SOLE		0	0	1,000
NORFOLK SOUTHERN CORP	COM	655844108	130	870	SH		SOLE		0	0	870
NEWELL BRANDS INC	COM	651229106	1	37	SH		SOLE		0	0	37
NXP SEMICONDUCTORS N V	COM	N6596X109	4	50	SH		SOLE		0	0	50
NUVEEN MUNICIPAL CREDIT INC	COM SH BEN INT	67070X101	40	3,000	SH		SOLE		0	0	3,000
REALTY INCOME CORP	COM	756109104	702	11,143	SH		SOLE		0	0	11,143
OASIS PETE INC NEW	COM	674215108	1	100	SH		SOLE		0	0	100
ORACLE CORP	COM	68389X105	15	333	SH		SOLE		0	0	333
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	4	200	SH		SOLE		0	0	200
PEPSICO INC	COM	713448108	1,113	10,073	SH		SOLE		0	0	10,073
PFIZER INC	COM	717081103	44	1,000	SH		SOLE		0	0	1,000
PROCTER AND GAMBLE CO	COM	742718109	260	2,828	SH		SOLE		0	0	2,828
PJT PARTNERS INC	COM CL A	69343T107	2	47	SH		SOLE		0	0	47
PHILIP MORRIS INTL INC	COM	718172109	3,089	46,266	SH		SOLE		0	0	46,266
PILGRIMS PRIDE CORP NEW	COM	72147K108	2	119	SH		SOLE		0	0	119
PPL CORP	COM	69351T106	24	842	SH		SOLE		0	0	842
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	3,496	745,467	SH		SOLE		0	0	745,467
PHILLIPS 66	COM	718546104	12	134	SH		SOLE		0	0	134
PAYPAL HLDGS INC	COM	70450Y103	3	40	SH		SOLE		0	0	40
QUALCOMM INC	CALL	747525903	3,362	59,077	SH		SOLE		0	0	59,077
SPDR INDEX SHS FDS	MSCI EAFE STRTGC	78463X434	2	34	SH		SOLE		0	0	34
INVESCO EXCHANGE TRADED FD T	S&P500 EQL DIS	46137V381	15	169	SH		SOLE		0	0	169
RESIDEO TECHNOLOGIES INC	COM	76118Y104	0	7	SH		SOLE		0	0	7
RAYTHEON CO	COM NEW	755111507	48	316	SH		SOLE		0	0	316
INVESCO EXCHANGE TRADED FD T	S&P500 EQL ENR	46137V365	20	457	SH		SOLE		0	0	457
INVESCO EXCHANGE TRADED FD T	S&P500 EQL FIN	46137V340	8	230	SH		SOLE		0	0	230
INVESCO EXCHANGE TRADED FD T	S&P500 EQL HLT	46137V332	9	51	SH		SOLE		0	0	51
SPRINT CORP	COM SER 1	85207U105	1	155	SH		SOLE		0	0	155
SPIRIT AIRLS INC	COM	848577102	1	25	SH		SOLE		0	0	25
SPRING BK PHARMACEUTICALS IN	COM	849431101	3	300	SH		SOLE		0	0	300
STARBUCKS CORP	COM	855244109	2,484	38,569	SH		SOLE		0	0	38,569
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	1	53	SH		SOLE		0	0	53
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	12	416	SH		SOLE		0	0	416
SCHWAB STRATEGIC TR	US LCAP GR ETF	808524300	0	6	SH		SOLE		0	0	6
SCHWAB STRATEGIC TR	US REIT ETF	808524847	1	32	SH		SOLE		0	0	32
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	1	28	SH		SOLE		0	0	28
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	200	4,066	SH		SOLE		0	0	4,066
SCHWAB STRATEGIC TR	US AGGREGATE B	808524839	8	164	SH		SOLE		0	0	164
SUN LIFE FINL INC	COM	866796105	33	1,000	SH		SOLE		0	0	1,000
SOUTHERN CO	COM	842587107	4,473	101,839	SH		SOLE		0	0	101,839
SPDR S&P 500 ETF TR	TR UNIT	78462F103	66	266	SH		SOLE		0	0	266
SPDR SERIES TRUST	S&P DIVID ETF	78464A763	32	933	SH		SOLE		0	0	933
SQUARE INC	CL A	852234103	6	100	SH		SOLE		0	0	100
STERICYCLE INC	COM	858912108	0	4	SH		SOLE		0	0	4
SKYWORKS SOLUTIONS INC	COM	83088M102	7	100	SH		SOLE		0	0	100
SYNCHRONY FINL	COM	87165B103	2	69	SH		SOLE		0	0	69
STRYKER CORP	COM	863667101	1,146	7,312	SH		SOLE		0	0	7,312
AT&T INC	COM	00206R102	3,812	133,553	SH		SOLE		0	0	133,553
TORONTO DOMINION BK ONT	COM NEW	891160509	22	438	SH		SOLE		0	0	438
PARETEUM CORP	COM NEW	69946T207	2	1,065	SH		SOLE		0	0	1,065
TARGET CORP	COM	87612E106	116	1,761	SH		SOLE		0	0	1,761
TORCHMARK CORP	COM	891027104	38	513	SH		SOLE		0	0	513
DOUBLELINE INCOME SOLUTIONS	COM	258622109	79	1,667	SH		SOLE		0	0	1,667
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	20	530	SH		SOLE		0	0	530
TEXTRON INC	COM	883203101	7	147	SH		SOLE		0	0	147
UNDER ARMOUR INC	CL C	904311206	7	410	SH		SOLE		0	0	410
UNDER ARMOUR INC	CL A	904311107	7	408	SH		SOLE		0	0	408
CVR PARTNERS LP	COM	126633106	2	500	SH		SOLE		0	0	500
UNILEVER PLC	SPON ADR NEW	904767704	14	277	SH		SOLE		0	0	277
UNUM GROUP	COM	91529Y106	9	300	SH		SOLE		0	0	300
UNITED PARCEL SERVICE INC	CL B	911312106	4,156	42,615	SH		SOLE		0	0	42,615
UNITED STS COMMODITY INDEX F	COMM IDX FND	911717106	1	32	SH		SOLE		0	0	32
UNITED STATES LIME & MINERAL	COM	911922102	24	331	SH		SOLE		0	0	331
UNITED TECHNOLOGIES CORP	COM	913017109	4,500	42,259	SH		SOLE		0	0	42,259
NEVADA GOLD & CASINOS INC	COM NEW	64126Q206	867	364,189	SH		SOLE		0	0	364,189
VISA INC	COM CL A	92826C839	6	48	SH		SOLE		0	0	48
VANGUARD WORLD FDS	CONSUM DIS ETF	92204A108	8	55	SH		SOLE		0	0	55
VERIZON COMMUNICATIONS INC	COM	92343V104	79	1,398	SH		SOLE		0	0	1,398
SPDR INDEX SHS FDS	S&P GLBDIV ETF	78463X459	141	2,282	SH		SOLE		0	0	2,282
WEC ENERGY GROUP INC	COM	92939U106	32	456	SH		SOLE		0	0	456
WELLS FARGO CO NEW	COM	949746101	4,676	101,486	SH		SOLE		0	0	101,486
WESTERN UN CO	COM	959802109	8	372	SH		SOLE		0	0	372
WALMART INC	COM	931142103	7,234	77,657	SH		SOLE		0	0	77,657
W P CAREY INC	COM	92936U109	21	320	SH		SOLE		0	0	320
AQUA AMERICA INC	COM	03836W103	64	1,882	SH		SOLE		0	0	1,882
SPDR SERIES TRUST	S&P HOMEBUILD	78464A888	4	136	SH		SOLE		0	0	136
EXXON MOBIL CORP	COM	30231G102	232	3,396	SH		SOLE		0	0	3,396
YATRA ONLINE INC	ORD SHS	G98338109	8	1,960	SH		SOLE		0	0	1,960
ZOGENIX INC	COM NEW	98978L204	17	468	SH		SOLE		0	0	468
ZOETIS INC	CL A	98978V103	8	88	SH		SOLE		0	0	88