W.E. Donoghue & Co. 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

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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
AES CORP	COM	00130H105	18,750	1,649,101	SH		SOLE		1,649,101	0	0
AGNC INVT CORP	COM	00123Q104	600	31,694	SH		SOLE		31,694	0	0
ALTRIA GROUP INC	COM	02209S103	16,981	272,477	SH		SOLE		272,477	0	0
AMAZON COM INC	COM	023135106	2,405	1,662	SH		SOLE		1,662	0	0
AMC ENTMT HLDGS INC	CL A COM	00165C104	525	37,354	SH		SOLE		37,354	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	17,923	413,260	SH		SOLE		413,260	0	0
AT&T INC	COM	00206R102	17,218	482,976	SH		SOLE		482,976	0	0
AVNET INC	COM	053807103	556	13,319	SH		SOLE		13,319	0	0
B & G FOODS INC NEW	COM	05508R106	535	22,554	SH		SOLE		22,554	0	0
BANK AMER CORP	COM	060505104	2,396	79,906	SH		SOLE		79,906	0	0
BGC PARTNERS INC	CL A	05541T101	550	40,916	SH		SOLE		40,916	0	0
BIO TECHNE CORP	COM	09073M104	605	4,005	SH		SOLE		4,005	0	0
BOEING CO	COM	097023105	2,417	7,372	SH		SOLE		7,372	0	0
BOOZ ALLEN HAMILTON HLDG COR	CL A	099502106	573	14,792	SH		SOLE		14,792	0	0
CARDINAL HEALTH INC	COM	14149Y108	15,762	251,468	SH		SOLE		251,468	0	0
CENTURYLINK INC	COM	156700106	16,388	997,460	SH		SOLE		997,460	0	0
CF INDS HLDGS INC	COM	125269100	16,269	431,196	SH		SOLE		431,196	0	0
CISCO SYS INC	COM	17275R102	2,466	57,488	SH		SOLE		57,488	0	0
COCA COLA CO	COM	191216100	17,339	399,231	SH		SOLE		399,231	0	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	2,431	30,196	SH		SOLE		30,196	0	0
COMERICA INC	COM	200340107	2,431	25,341	SH		SOLE		25,341	0	0
CRACKER BARREL OLD CTRY STOR	COM	22410J106	575	3,609	SH		SOLE		3,609	0	0
CSRA INC	COM	12650T104	596	14,456	SH		SOLE		14,456	0	0
CYPRESS SEMICONDUCTOR CORP	COM	232806109	540	31,853	SH		SOLE		31,853	0	0
EATON CORP PLC	SHS	G29183103	17,199	215,230	SH		SOLE		215,230	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	2,590	18,563	SH		SOLE		18,563	0	0
EMERSON ELEC CO	COM	291011104	16,912	247,619	SH		SOLE		247,619	0	0
ENCOMPASS HEALTH CORP	COM	29261A100	574	10,047	SH		SOLE		10,047	0	0
ENVISION HEALTHCARE CORP	COM	29414D100	2,304	59,957	SH		SOLE		59,957	0	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	2,236	32,368	SH		SOLE		32,368	0	0
EXXON MOBIL CORP	COM	30231G102	17,899	239,903	SH		SOLE		239,903	0	0
FIRST TR EXCHANGE TRADED FD	SENIOR LN FD	33738D309	1,350	28,053	SH		SOLE		28,053	0	0
FIRSTENERGY CORP	COM	337932107	18,640	548,069	SH		SOLE		548,069	0	0
FLUOR CORP NEW	COM	343412102	2,562	44,773	SH		SOLE		44,773	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	18,478	1,667,697	SH		SOLE		1,667,697	0	0
GENERAL ELECTRIC CO	COM	369604103	16,147	1,197,883	SH		SOLE		1,197,883	0	0
GENERAL MLS INC	COM	370334104	15,664	347,624	SH		SOLE		347,624	0	0
GILEAD SCIENCES INC	COM	375558103	16,714	221,699	SH		SOLE		221,699	0	0
GREAT PLAINS ENERGY INC	COM	391164100	619	19,456	SH		SOLE		19,456	0	0
GREIF INC	CL A	397624107	571	10,935	SH		SOLE		10,935	0	0
HCA HEALTHCARE INC	COM	40412C101	2,394	24,681	SH		SOLE		24,681	0	0
HELMERICH & PAYNE INC	COM	423452101	18,390	276,294	SH		SOLE		276,294	0	0
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	2,393	136,435	SH		SOLE		136,435	0	0
HIGHLAND FDS I	HI LD IBOXX SRLN	430101774	704	38,404	SH		SOLE		38,404	0	0
HILL ROM HLDGS INC	COM	431475102	585	6,726	SH		SOLE		6,726	0	0
HOLLYFRONTIER CORP	COM	436106108	616	12,603	SH		SOLE		12,603	0	0
HUBBELL INC	COM	443510607	565	4,640	SH		SOLE		4,640	0	0
IDEXX LABS INC	COM	45168D104	2,462	12,864	SH		SOLE		12,864	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	17,234	112,327	SH		SOLE		112,327	0	0
INTERNATIONAL GAME TECHNOLOG	SHS USD	G4863A108	537	20,079	SH		SOLE		20,079	0	0
INTL PAPER CO	COM	460146103	17,306	323,902	SH		SOLE		323,902	0	0
INVESCO LTD	SHS	G491BT108	16,589	518,239	SH		SOLE		518,239	0	0
ISHARES INC	MSCI JAPN SMCETF	464286582	5,025	61,358	SH		SOLE		61,358	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	19,869	340,228	SH		SOLE		340,228	0	0
ISHARES INC	MSCI JPN ETF NEW	46434G822	11,479	189,167	SH		SOLE		189,167	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	471	4,015	SH		SOLE		4,015	0	0
ISHARES TR	1 3 YR TREAS BD	464287457	58,700	702,487	SH		SOLE		702,487	0	0
ISHARES TR	JPMORGAN USD EMG	464288281	19,286	170,947	SH		SOLE		170,947	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	3,621	42,277	SH		SOLE		42,277	0	0
ISHARES TR	INTRMD CR BD ETF	464288638	305	2,843	SH		SOLE		2,843	0	0
ISHARES TR	S&P US PFD STK	464288687	16,338	434,990	SH		SOLE		434,990	0	0
ISHARES TR	US AER DEF ETF	464288760	5,703	28,811	SH		SOLE		28,811	0	0
ISHARES TR	EXPONENTIAL TECH	46434V381	10,215	280,785	SH		SOLE		280,785	0	0
ISHARES TR	CUR HD EURZN ETF	46434V639	8,024	273,473	SH		SOLE		273,473	0	0
ISHARES US ETF TR	SHT MAT BD ETF	46431W507	5,671	113,058	SH		SOLE		113,058	0	0
J2 GLOBAL INC	COM	48123V102	554	7,016	SH		SOLE		7,016	0	0
KAR AUCTION SVCS INC	COM	48238T109	561	10,354	SH		SOLE		10,354	0	0
KOHLS CORP	COM	500255104	21,975	335,452	SH		SOLE		335,452	0	0
L BRANDS INC	COM	501797104	16,180	423,458	SH		SOLE		423,458	0	0
LEIDOS HLDGS INC	COM	525327102	553	8,449	SH		SOLE		8,449	0	0
LILLY ELI & CO	COM	532457108	17,378	224,605	SH		SOLE		224,605	0	0
LOCKHEED MARTIN CORP	COM	539830109	2,556	7,564	SH		SOLE		7,564	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	16,843	159,381	SH		SOLE		159,381	0	0
MACQUARIE INFRASTRUCTURE COR	COM	55608B105	540	14,610	SH		SOLE		14,610	0	0
MACYS INC	COM	55616P104	18,428	619,642	SH		SOLE		619,642	0	0
MERCK & CO INC	COM	58933Y105	17,677	324,526	SH		SOLE		324,526	0	0
MERCURY GENL CORP NEW	COM	589400100	574	12,518	SH		SOLE		12,518	0	0
METLIFE INC	COM	59156R108	17,159	373,922	SH		SOLE		373,922	0	0
MSC INDL DIRECT INC	CL A	553530106	576	6,277	SH		SOLE		6,277	0	0
NATIONAL INSTRS CORP	COM	636518102	561	11,103	SH		SOLE		11,103	0	0
NAVIENT CORPORATION	COM	63938C108	16,940	1,291,154	SH		SOLE		1,291,154	0	0
NETFLIX INC	COM	64110L106	2,330	7,890	SH		SOLE		7,890	0	0
NEW RESIDENTIAL INVT CORP	COM NEW	64828T201	573	34,821	SH		SOLE		34,821	0	0
NEW YORK CMNTY BANCORP INC	COM	649445103	528	40,510	SH		SOLE		40,510	0	0
NIELSEN HLDGS PLC	SHS EUR	G6518L108	17,028	535,635	SH		SOLE		535,635	0	0
NORDSTROM INC	COM	655664100	568	11,730	SH		SOLE		11,730	0	0
NORTHROP GRUMMAN CORP	COM	666807102	2,602	7,454	SH		SOLE		7,454	0	0
NRG YIELD INC	CL C	62942X405	595	35,005	SH		SOLE		35,005	0	0
NUCOR CORP	COM	670346105	16,278	266,457	SH		SOLE		266,457	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	18,250	280,943	SH		SOLE		280,943	0	0
OLD REP INTL CORP	COM	680223104	589	27,480	SH		SOLE		27,480	0	0
OLIN CORP	COM PAR $1	680665205	540	17,762	SH		SOLE		17,762	0	0
ONEOK INC NEW	COM	682680103	17,774	312,255	SH		SOLE		312,255	0	0
PACWEST BANCORP DEL	COM	695263103	537	10,834	SH		SOLE		10,834	0	0
PATTERSON COMPANIES INC	COM	703395103	516	23,191	SH		SOLE		23,191	0	0
PEOPLES UNITED FINANCIAL INC	COM	712704105	16,572	888,095	SH		SOLE		888,095	0	0
PFIZER INC	COM	717081103	17,272	486,675	SH		SOLE		486,675	0	0
PHILIP MORRIS INTL INC	COM	718172109	16,423	165,222	SH		SOLE		165,222	0	0
PITNEY BOWES INC	COM	724479100	496	45,579	SH		SOLE		45,579	0	0
PNC FINL SVCS GROUP INC	COM	693475105	2,434	16,092	SH		SOLE		16,092	0	0
POWERSHARES ACT MANG COMM FD	OPT YLD DIV	73937V106	8,360	470,453	SH		SOLE		470,453	0	0
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	3,510	151,752	SH		SOLE		151,752	0	0
PPL CORP	COM	69351T106	18,381	649,742	SH		SOLE		649,742	0	0
QUALCOMM INC	COM	747525103	15,732	283,920	SH		SOLE		283,920	0	0
RAYTHEON CO	COM NEW	755111507	2,610	12,093	SH		SOLE		12,093	0	0
REGIONS FINL CORP NEW	COM	7591EP100	2,416	130,058	SH		SOLE		130,058	0	0
RYDER SYS INC	COM	783549108	558	7,663	SH		SOLE		7,663	0	0
S&P GLOBAL INC	COM	78409V104	2,546	13,325	SH		SOLE		13,325	0	0
SABRE CORP	COM	78573M104	552	25,714	SH		SOLE		25,714	0	0
SCANA CORP NEW	COM	80589M102	17,172	457,302	SH		SOLE		457,302	0	0
SCIENCE APPLICATNS INTL CP N	COM	808625107	584	7,414	SH		SOLE		7,414	0	0
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	19,954	340,985	SH		SOLE		340,985	0	0
SELECT SECTOR SPDR TR	ENERGY	81369Y506	12,424	184,307	SH		SOLE		184,307	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	13,165	477,519	SH		SOLE		477,519	0	0
SIX FLAGS ENTMT CORP NEW	COM	83001A102	567	9,102	SH		SOLE		9,102	0	0
SONOCO PRODS CO	COM	835495102	580	11,966	SH		SOLE		11,966	0	0
SOUTHERN CO	COM	842587107	18,262	408,904	SH		SOLE		408,904	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	7,840	62,325	SH		SOLE		62,325	0	0
SPDR SER TR	BLOOMBERG SRT TR	78468R408	3,482	127,224	SH		SOLE		127,224	0	0
SPDR SERIES TRUST	BLOOMBERG BRCLYS	78464A417	3,426	95,571	SH		SOLE		95,571	0	0
SSGA ACTIVE ETF TR	BLKSTN GSOSRLN	78467V608	2,392	50,438	SH		SOLE		50,438	0	0
STERIS PLC	SHS USD	G84720104	575	6,159	SH		SOLE		6,159	0	0
TALLGRASS ENERGY GP LP	SHS CL A	874696107	468	24,629	SH		SOLE		24,629	0	0
TAPESTRY INC	COM	876030107	2,623	49,849	SH		SOLE		49,849	0	0
TARGET CORP	COM	87612E106	20,198	290,905	SH		SOLE		290,905	0	0
TELEPHONE & DATA SYS INC	COM NEW	879433829	568	20,250	SH		SOLE		20,250	0	0
TIMKEN CO	COM	887389104	573	12,555	SH		SOLE		12,555	0	0
TOTAL SYS SVCS INC	COM	891906109	2,475	28,692	SH		SOLE		28,692	0	0
TUPPERWARE BRANDS CORP	COM	899896104	555	11,470	SH		SOLE		11,470	0	0
UMPQUA HLDGS CORP	COM	904214103	543	25,350	SH		SOLE		25,350	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	16,960	162,049	SH		SOLE		162,049	0	0
VALLEY NATL BANCORP	COM	919794107	551	44,201	SH		SOLE		44,201	0	0
VANECK VECTORS ETF TR	FALLEN ANGEL HG	92189F437	12,631	434,662	SH		SOLE		434,662	0	0
VANECK VECTORS ETF TR	AGRIBUSINESS ETF	92189F700	4,902	79,290	SH		SOLE		79,290	0	0
VECTOR GROUP LTD	COM	92240M108	564	27,684	SH		SOLE		27,684	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	17,459	365,088	SH		SOLE		365,088	0	0
WATSCO INC	COM	942622200	602	3,327	SH		SOLE		3,327	0	0
WELLS FARGO CO NEW	COM	949746101	16,106	307,306	SH		SOLE		307,306	0	0
WESTERN UN CO	COM	959802109	17,061	887,208	SH		SOLE		887,208	0	0
WESTROCK CO	COM	96145D105	17,120	266,797	SH		SOLE		266,797	0	0
WILLIAMS COS INC DEL	COM	969457100	15,888	639,101	SH		SOLE		639,101	0	0
XEROX CORP	COM NEW	984121608	17,214	598,122	SH		SOLE		598,122	0	0