Verdence Capital 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
3M CO	COM	88579Y101	612	2,905	SH		SOLE		0	0	2,905
ABB LTD	SPONSORED ADR	000375204	441	18,676	SH		SOLE		0	0	18,676
ABBOTT LABS	COM	002824100	618	8,430	SH		SOLE		0	0	8,430
ABBVIE INC	COM	00287Y109	2,222	23,488	SH		SOLE		0	0	23,488
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	3,046	17,898	SH		SOLE		0	0	17,898
ADOBE SYS INC	COM	00724F101	221	818	SH		SOLE		0	0	818
AFFILIATED MANAGERS GROUP	COM	008252108	1,384	10,122	SH		SOLE		0	0	10,122
AIR PRODS & CHEMS INC	COM	009158106	309	1,848	SH		SOLE		0	0	1,848
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	1,816	11,025	SH		SOLE		0	0	11,025
ALLY FINL INC	COM	02005N100	373	14,095	SH		SOLE		0	0	14,095
ALPHABET INC	CAP STK CL A	02079K305	5,287	4,380	SH		SOLE		0	0	4,380
ALPHABET INC	CAP STK CL C	02079K107	628	526	SH		SOLE		0	0	526
ALTRIA GROUP INC	COM	02209S103	3,633	60,233	SH		SOLE		0	0	60,233
AMAZON COM INC	COM	023135106	2,492	1,244	SH		SOLE		0	0	1,244
AMBEV SA	SPONSORED ADR	02319V103	46	10,000	SH		SOLE		0	0	10,000
AMERICAN AIRLS GROUP INC	COM	02376R102	347	8,388	SH		SOLE		0	0	8,388
AMERICAN ELEC PWR INC	COM	025537101	671	9,473	SH		SOLE		0	0	9,473
AMERICAN EXPRESS CO	COM	025816109	3,596	33,765	SH		SOLE		0	0	33,765
AMERIPRISE FINL INC	COM	03076C106	1,113	7,540	SH		SOLE		0	0	7,540
AMGEN INC	COM	031162100	935	4,510	SH		SOLE		0	0	4,510
ANADARKO PETE CORP	COM	032511107	652	9,667	SH		SOLE		0	0	9,667
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	797	9,106	SH		SOLE		0	0	9,106
ANI PHARMACEUTICALS INC	NOTE 3.000prct12/0	00182CAA1	14	13,000	PRN		SOLE		0	0	13,000
AON PLC	SHS CL A	G0408V102	799	5,196	SH		SOLE		0	0	5,196
APOLLO COML REAL EST FIN INC	NOTE 5.500prct 3/1	03762UAA3	15	14,000	PRN		SOLE		0	0	14,000
APPLE INC	COM	037833100	7,818	34,633	SH		SOLE		0	0	34,633
ARES CAP CORP	COM	04010L103	172	10,000	SH		SOLE		0	0	10,000
ARISTA NETWORKS INC	COM	040413106	289	1,087	SH		SOLE		0	0	1,087
ASSURED GUARANTY LTD	COM	G0585R106	2,175	51,510	SH		SOLE		0	0	51,510
ASTRAZENECA PLC	SPONSORED ADR	046353108	763	19,271	SH		SOLE		0	0	19,271
ASTRONICS CORP	COM	046433108	285	6,552	SH		SOLE		0	0	6,552
AT&T INC	COM	00206R102	3,135	93,364	SH		SOLE		0	0	93,364
AUTOMATIC DATA PROCESSING IN	COM	053015103	652	4,325	SH		SOLE		0	0	4,325
BANCO SANTANDER SA	ADR	05964H105	348	69,590	SH		SOLE		0	0	69,590
BANK AMER CORP	COM	060505104	3,320	112,697	SH		SOLE		0	0	112,697
BANK AMER CORP	W EXP 10/28/201	060505153	6	20,000	SH		SOLE		0	0	20,000
BAXTER INTL INC	COM	071813109	207	2,691	SH		SOLE		0	0	2,691
BB&T CORP	COM	054937107	3,138	64,654	SH		SOLE		0	0	64,654
BCE INC	COM NEW	05534B760	1,283	31,658	SH		SOLE		0	0	31,658
BECTON DICKINSON & CO	COM	075887109	446	1,710	SH		SOLE		0	0	1,710
BELDEN INC	COM	077454106	3,771	52,806	SH		SOLE		0	0	52,806
BENEFICIAL BANCORP INC	COM	08171T102	3,803	225,000	SH		SOLE		0	0	225,000
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,331	6,215	SH		SOLE		0	0	6,215
BEST BUY INC	COM	086516101	536	6,749	SH		SOLE		0	0	6,749
BHP BILLITON LTD	SPONSORED ADR	088606108	909	18,232	SH		SOLE		0	0	18,232
BIOGEN INC	COM	09062X103	872	2,468	SH		SOLE		0	0	2,468
BLACKROCK INC	COM	09247X101	253	536	SH		SOLE		0	0	536
BOEING CO	COM	097023105	884	2,377	SH		SOLE		0	0	2,377
BORGWARNER INC	COM	099724106	1,495	34,949	SH		SOLE		0	0	34,949
BP PLC	SPONSORED ADR	055622104	2,190	47,504	SH		SOLE		0	0	47,504
BRISTOL MYERS SQUIBB CO	COM	110122108	532	8,578	SH		SOLE		0	0	8,578
BRITISH AMERN TOB PLC	SPONSORED ADR	110448107	1,419	30,431	SH		SOLE		0	0	30,431
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	G16252101	476	11,944	SH		SOLE		0	0	11,944
CANADIAN NATL RY CO	COM	136375102	579	6,449	SH		SOLE		0	0	6,449
CAPITAL ONE FINL CORP	COM	14040H105	3,623	38,162	SH		SOLE		0	0	38,162
CATERPILLAR INC DEL	COM	149123101	3,315	21,736	SH		SOLE		0	0	21,736
CDK GLOBAL INC	COM	12508E101	295	4,718	SH		SOLE		0	0	4,718
CDN IMPERIAL BK COMM TORONTO	COM	136069101	1,193	12,726	SH		SOLE		0	0	12,726
CELANESE CORP DEL	COM	150870103	460	4,037	SH		SOLE		0	0	4,037
CELGENE CORP	COM	151020104	346	3,861	SH		SOLE		0	0	3,861
CENTURYLINK INC	COM	156700106	657	30,969	SH		SOLE		0	0	30,969
CHEVRON CORP NEW	COM	166764100	8,877	72,598	SH		SOLE		0	0	72,598
CHUBB LIMITED	COM	H1467J104	3,531	26,419	SH		SOLE		0	0	26,419
CISCO SYS INC	COM	17275R102	10,242	210,532	SH		SOLE		0	0	210,532
CITIGROUP INC	COM NEW	172967424	4,455	62,100	SH		SOLE		0	0	62,100
CITRIX SYS INC	COM	177376100	712	6,401	SH		SOLE		0	0	6,401
CLOROX CO DEL	COM	189054109	209	1,389	SH		SOLE		0	0	1,389
COCA COLA CO	COM	191216100	2,703	58,509	SH		SOLE		0	0	58,509
COLGATE PALMOLIVE CO	COM	194162103	229	3,419	SH		SOLE		0	0	3,419
COMCAST CORP NEW	CL A	20030N101	598	16,899	SH		SOLE		0	0	16,899
CONAGRA BRANDS INC	COM	205887102	754	22,182	SH		SOLE		0	0	22,182
CONOCOPHILLIPS	COM	20825C104	1,455	18,804	SH		SOLE		0	0	18,804
CORNING INC	COM	219350105	881	24,952	SH		SOLE		0	0	24,952
CROWN CASTLE INTL CORP NEW	COM	22822V101	1,459	13,105	SH		SOLE		0	0	13,105
CUMMINS INC	COM	231021106	966	6,616	SH		SOLE		0	0	6,616
CVS HEALTH CORP	COM	126650100	290	3,686	SH		SOLE		0	0	3,686
DANAHER CORP DEL	COM	235851102	970	8,923	SH		SOLE		0	0	8,923
DEERE & CO	COM	244199105	233	1,549	SH		SOLE		0	0	1,549
DELTA AIR LINES INC DEL	COM NEW	247361702	213	3,688	SH		SOLE		0	0	3,688
DISNEY WALT CO	COM DISNEY	254687106	1,055	9,019	SH		SOLE		0	0	9,019
DOMINION ENERGY INC	COM	25746U109	1,443	20,529	SH		SOLE		0	0	20,529
DOVER CORP	COM	260003108	230	2,593	SH		SOLE		0	0	2,593
DOWDUPONT INC	COM	26078J100	1,153	17,922	SH		SOLE		0	0	17,922
DSW INC	CL A	23334L102	207	6,120	SH		SOLE		0	0	6,120
DUKE ENERGY CORP NEW	COM NEW	26441C204	1,486	18,569	SH		SOLE		0	0	18,569
EDWARDS LIFESCIENCES CORP	COM	28176E108	280	1,609	SH		SOLE		0	0	1,609
EMERSON ELEC CO	COM	291011104	656	8,560	SH		SOLE		0	0	8,560
EQUINOR ASA	SPONSORED ADR	29446M102	329	11,665	SH		SOLE		0	0	11,665
EVEREST RE GROUP LTD	COM	G3223R108	2,411	10,554	SH		SOLE		0	0	10,554
EXELON CORP	COM	30161N101	219	5,027	SH		SOLE		0	0	5,027
EXXON MOBIL CORP	COM	30231G102	8,738	102,780	SH		SOLE		0	0	102,780
FACEBOOK INC	CL A	30303M102	594	3,611	SH		SOLE		0	0	3,611
FEDEX CORP	COM	31428X106	8,007	33,251	SH		SOLE		0	0	33,251
FIFTH THIRD BANCORP	COM	316773100	1,370	49,065	SH		SOLE		0	0	49,065
FIRST TR EXCHANGE TRADED FD	DJ INTERNT IDX	33733E302	237	1,676	SH		SOLE		0	0	1,676
FIRST TR EXCHANGE TRADED FD	HLTH CARE ALPH	33734X143	305	3,588	SH		SOLE		0	0	3,588
FLUOR CORP NEW	COM	343412102	421	7,253	SH		SOLE		0	0	7,253
FORD MTR CO DEL	COM PAR USD0.01	345370860	1,125	121,595	SH		SOLE		0	0	121,595
GENERAL ELECTRIC CO	COM	369604103	351	31,057	SH		SOLE		0	0	31,057
GENERAL MLS INC	COM	370334104	925	21,554	SH		SOLE		0	0	21,554
GILDAN ACTIVEWEAR INC	COM	375916103	1,687	55,430	SH		SOLE		0	0	55,430
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	1,914	47,657	SH		SOLE		0	0	47,657
GOLDMAN SACHS GROUP INC	COM	38141G104	250	1,115	SH		SOLE		0	0	1,115
GRAINGER W W INC	COM	384802104	316	885	SH		SOLE		0	0	885
HALLIBURTON CO	COM	406216101	762	18,796	SH		SOLE		0	0	18,796
HALOZYME THERAPEUTICS INC	COM	40637H109	207	11,388	SH		SOLE		0	0	11,388
HARTFORD FINL SVCS GROUP INC	COM	416515104	713	14,266	SH		SOLE		0	0	14,266
HD SUPPLY HLDGS INC	COM	40416M105	271	6,330	SH		SOLE		0	0	6,330
HOME DEPOT INC	COM	437076102	817	3,943	SH		SOLE		0	0	3,943
HONEYWELL INTL INC	COM	438516106	5,924	35,601	SH		SOLE		0	0	35,601
HOWARD BANCORP INC	COM	442496105	1,127	63,684	SH		SOLE		0	0	63,684
HUBBELL INC	COM	443510607	269	2,011	SH		SOLE		0	0	2,011
INTEL CORP	COM	458140100	5,963	126,101	SH		SOLE		0	0	126,101
INTERNATIONAL BUSINESS MACHS	COM	459200101	5,439	35,969	SH		SOLE		0	0	35,969
INTUIT	COM	461202103	288	1,267	SH		SOLE		0	0	1,267
INVESCO EXCHNG TRADED FD TR	INTL BUYBACK	46138E644	794	23,105	SH		SOLE		0	0	23,105
INVESCO LTD	SHS	G491BT108	374	16,336	SH		SOLE		0	0	16,336
ISHARES INC	CORE MSCI EMKT	46434G103	335	6,465	SH		SOLE		0	0	6,465
ISHARES TR	CORE S&P MCP ETF	464287507	809	4,019	SH		SOLE		0	0	4,019
ISHARES TR	CORE S&P SCP ETF	464287804	357	4,090	SH		SOLE		0	0	4,090
ISHARES TR	RUS 1000 GRW ETF	464287614	438	2,811	SH		SOLE		0	0	2,811
ISHARES TR	RUSSELL 2000 ETF	464287655	848	5,029	SH		SOLE		0	0	5,029
ISHARES TR	MSCI EAFE ETF	464287465	1,153	16,954	SH		SOLE		0	0	16,954
ISHARES TR	BARCLAYS 7 10 YR	464287440	542	5,355	SH		SOLE		0	0	5,355
ISHARES TR	MSCI EMG MKT ETF	464287234	806	18,779	SH		SOLE		0	0	18,779
ISHARES TR	SELECT DIVID ETF	464287168	1,563	15,664	SH		SOLE		0	0	15,664
ISHARES TR	SH TR CRPORT ETF	464288646	302	5,826	SH		SOLE		0	0	5,826
ISHARES TR	INTRM TR CRP ETF	464288638	208	3,924	SH		SOLE		0	0	3,924
ISHARES TR	FLTG RATE NT ETF	46429B655	18,277	358,235	SH		SOLE		0	0	358,235
ISHARES TR	A RATE CP BD ETF	46429B291	328	6,500	SH		SOLE		0	0	6,500
ISHARES TR	CORE MSCI EAFE	46432F842	894	13,958	SH		SOLE		0	0	13,958
JOHNSON & JOHNSON	COM	478160104	10,739	77,726	SH		SOLE		0	0	77,726
JONES LANG LASALLE INC	COM	48020Q107	1,738	12,042	SH		SOLE		0	0	12,042
JPMORGAN CHASE & CO	COM	46625H100	6,992	61,964	SH		SOLE		0	0	61,964
JUNIPER NETWORKS INC	COM	48203R104	509	16,976	SH		SOLE		0	0	16,976
KEYW HLDG CORP	COM	493723100	877	101,252	SH		SOLE		0	0	101,252
KIMBERLY CLARK CORP	COM	494368103	1,165	10,253	SH		SOLE		0	0	10,253
KOHLS CORP	COM	500255104	1,125	15,095	SH		SOLE		0	0	15,095
KRAFT HEINZ CO	COM	500754106	577	10,478	SH		SOLE		0	0	10,478
KROGER CO	COM	501044101	379	13,006	SH		SOLE		0	0	13,006
LANNET INC	COM	516012101	56	11,810	SH		SOLE		0	0	11,810
LILLY ELI & CO	COM	532457108	561	5,225	SH		SOLE		0	0	5,225
LOCKHEED MARTIN CORP	COM	539830109	430	1,242	SH		SOLE		0	0	1,242
LOWES COS INC	COM	548661107	417	3,636	SH		SOLE		0	0	3,636
MAGNA INTL INC	COM	559222401	2,968	56,501	SH		SOLE		0	0	56,501
MARATHON PETE CORP	COM	56585A102	1,210	15,133	SH		SOLE		0	0	15,133
MARRIOTT INTL INC NEW	CL A	571903202	609	4,616	SH		SOLE		0	0	4,616
MASTERCARD INCORPORATED	CL A	57636Q104	1,286	5,775	SH		SOLE		0	0	5,775
MCCORMICK & CO INC	COM NON VTG	579780206	1,927	14,625	SH		SOLE		0	0	14,625
MCDERMOTT INTL INC	COM	580037703	366	19,832	SH		SOLE		0	0	19,832
MCDONALDS CORP	COM	580135101	1,723	10,300	SH		SOLE		0	0	10,300
MEDTRONIC PLC	SHS	G5960L103	5,965	60,638	SH		SOLE		0	0	60,638
MERCK & CO INC	COM	58933Y105	3,422	48,241	SH		SOLE		0	0	48,241
METLIFE INC	COM	59156R108	7,321	156,704	SH		SOLE		0	0	156,704
MICROSOFT CORP	COM	594918104	8,414	73,566	SH		SOLE		0	0	73,566
MONDELEZ INTL INC	CL A	609207105	299	6,965	SH		SOLE		0	0	6,965
MURPHY OIL CORP	COM	626717102	348	10,438	SH		SOLE		0	0	10,438
NATIONAL GRID PLC	SPONSORED ADR NE	636274409	1,115	21,504	SH		SOLE		0	0	21,504
NATIONAL HEALTH INVS INC	NOTE 3.250prct 4/0	63633DAE4	16	14,000	PRN		SOLE		0	0	14,000
NETFLIX INC	COM	64110L106	327	874	SH		SOLE		0	0	874
NEW MTN FIN CORP	NOTE 5.000prct 6/1	647551AB6	10	10,000	PRN		SOLE		0	0	10,000
NEXTERA ENERGY INC	COM	65339F101	212	1,265	SH		SOLE		0	0	1,265
NORFOLK SOUTHERN CORP	COM	655844108	666	3,689	SH		SOLE		0	0	3,689
NORTHROP GRUMMAN CORP	COM	666807102	285	897	SH		SOLE		0	0	897
NOVARTIS A G	SPONSORED ADR	66987V109	996	11,561	SH		SOLE		0	0	11,561
NUCOR CORP	COM	670346105	262	4,131	SH		SOLE		0	0	4,131
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	241	694	SH		SOLE		0	0	694
OCCIDENTAL PETE CORP DEL	COM	674599105	1,468	17,862	SH		SOLE		0	0	17,862
ORACLE CORP	COM	68389X105	4,995	96,872	SH		SOLE		0	0	96,872
PATTERSON UTI ENERGY INC	COM	703481101	266	15,562	SH		SOLE		0	0	15,562
PATTERSON UTI ENERGY INC	COM	703481101	2	2,500	SH	Call	SOLE		0	0	2,500
PAYCHEX INC	COM	704326107	399	5,411	SH		SOLE		0	0	5,411
PEPSICO INC	COM	713448108	1,517	13,565	SH		SOLE		0	0	13,565
PFIZER INC	COM	717081103	11,947	271,082	SH		SOLE		0	0	271,082
PHILIP MORRIS INTL INC	COM	718172109	3,002	36,811	SH		SOLE		0	0	36,811
PHILLIPS 66	COM	718546104	766	6,792	SH		SOLE		0	0	6,792
PIMCO ETF TR	INV GRD CRP BD	72201R817	206	2,047	SH		SOLE		0	0	2,047
PNC FINL SVCS GROUP INC	COM	693475105	368	2,705	SH		SOLE		0	0	2,705
PPL CORP	COM	69351T106	896	30,611	SH		SOLE		0	0	30,611
PRICE T ROWE GROUP INC	COM	74144T108	6,832	62,579	SH		SOLE		0	0	62,579
PROCTER AND GAMBLE CO	COM	742718109	7,034	84,508	SH		SOLE		0	0	84,508
PROSHARES TR	PSHS ULT MCAP400	74347R404	299	6,561	SH		SOLE		0	0	6,561
PROSHARES TR	PSHS ULTRUSS2000	74347R842	297	3,514	SH		SOLE		0	0	3,514
PRUDENTIAL PLC	ADR	74435K204	1,077	23,460	SH		SOLE		0	0	23,460
PUBLIC STORAGE	COM	74460D109	971	4,815	SH		SOLE		0	0	4,815
PUBLIC SVC ENTERPRISE GROUP	COM	744573106	583	11,041	SH		SOLE		0	0	11,041
PULTE GROUP INC	COM	745867101	356	14,361	SH		SOLE		0	0	14,361
QUALCOMM INC	COM	747525103	7,688	106,733	SH		SOLE		0	0	106,733
REALTY INCOME CORP	COM	756109104	759	13,341	SH		SOLE		0	0	13,341
REGIONS FINL CORP NEW	COM	7591EP100	747	40,702	SH		SOLE		0	0	40,702
RELIANCE STEEL & ALUMINUM CO	COM	759509102	3,135	36,756	SH		SOLE		0	0	36,756
RELX PLC	SPONSORED ADR	759530108	652	31,162	SH		SOLE		0	0	31,162
RENEWABLE ENERGY GROUP INC	NOTE 2.750prct 6/1	75972AAA1	26	12,000	PRN		SOLE		0	0	12,000
RESOURCE CAP CORP	NOTE 6.000prct12/0	76120WAA2	13	13,000	PRN		SOLE		0	0	13,000
ROGERS COMMUNICATIONS INC	CL B	775109200	457	8,898	SH		SOLE		0	0	8,898
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	6,792	99,684	SH		SOLE		0	0	99,684
RYANAIR HLDGS PLC	SPONSORED ADR NE	783513203	480	4,995	SH		SOLE		0	0	4,995
SAP SE	SPON ADR	803054204	1,118	9,090	SH		SOLE		0	0	9,090
SCHLUMBERGER LTD	COM	806857108	236	3,871	SH		SOLE		0	0	3,871
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	1,033	21,825	SH		SOLE		0	0	21,825
SEALED AIR CORP NEW	COM	81211K100	451	11,236	SH		SOLE		0	0	11,236
SELECT SECTOR SPDR TR	ENERGY	81369Y506	257	3,397	SH		SOLE		0	0	3,397
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	246	8,928	SH		SOLE		0	0	8,928
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	1,057	14,031	SH		SOLE		0	0	14,031
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	319	3,353	SH		SOLE		0	0	3,353
SHIRE PLC	SPONSORED ADR	82481R106	799	4,406	SH		SOLE		0	0	4,406
SINCLAIR BROADCAST GROUP INC	CL A	829226109	383	13,500	SH		SOLE		0	0	13,500
SIRIUS XM HLDGS INC	COM	82968B103	250	39,591	SH		SOLE		0	0	39,591
SOUTHERN CO	COM	842587107	943	21,628	SH		SOLE		0	0	21,628
SPDR GOLD TRUST	GOLD SHS	78463V107	310	2,750	SH		SOLE		0	0	2,750
SPDR S&P 500 ETF TR	TR UNIT	78462F103	3,894	13,395	SH		SOLE		0	0	13,395
SPIRIT AEROSYSTEMS HLDGS INC	COM CL A	848574109	1,881	20,524	SH		SOLE		0	0	20,524
SSGA ACTIVE ETF TR	SPDR TR TACTIC	78467V848	439	9,298	SH		SOLE		0	0	9,298
STANLEY BLACK & DECKER INC	COM	854502101	2,471	16,872	SH		SOLE		0	0	16,872
STARBUCKS CORP	COM	855244109	241	4,240	SH		SOLE		0	0	4,240
STATE STR CORP	COM	857477103	2,820	33,664	SH		SOLE		0	0	33,664
SUMITOMO MITSUI FINL GROUP I	SPONSORED ADR	86562M209	707	88,004	SH		SOLE		0	0	88,004
SUMMIT FINANCIAL GROUP INC	COM	86606G101	1,993	85,860	SH		SOLE		0	0	85,860
SUNCOR ENERGY INC NEW	COM	867224107	709	18,327	SH		SOLE		0	0	18,327
SUNTRUST BKS INC	COM	867914103	536	8,025	SH		SOLE		0	0	8,025
SYNCHRONY FINL	COM	87165B103	241	7,751	SH		SOLE		0	0	7,751
SYSCO CORP	COM	871829107	860	11,747	SH		SOLE		0	0	11,747
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	3,939	89,200	SH		SOLE		0	0	89,200
TARGET CORP	COM	87612E106	530	6,003	SH		SOLE		0	0	6,003
TCG BDC INC	COM	872280102	718	43,005	SH		SOLE		0	0	43,005
TEEKAY TANKERS LTD	CL A	Y8565N102	16	16,000	SH		SOLE		0	0	16,000
TEXAS INSTRS INC	COM	882508104	203	1,893	SH		SOLE		0	0	1,893
TJX COS INC NEW	COM	872540109	331	2,957	SH		SOLE		0	0	2,957
TORONTO DOMINION BK ONT	COM NEW	891160509	243	4,000	SH		SOLE		0	0	4,000
TOTAL S A	SPONSORED ADR	89151E109	1,797	27,902	SH		SOLE		0	0	27,902
TRONOX LTD	SHS CL A	Q9235V101	597	49,949	SH		SOLE		0	0	49,949
TTM TECHNOLOGIES INC	NOTE 1.750prct12/1	87305RAD1	24	14,000	PRN		SOLE		0	0	14,000
TWENTY FIRST CENTY FOX INC	CL A	90130A101	673	14,517	SH		SOLE		0	0	14,517
UNILEVER PLC	SPON ADR NEW	904767704	580	10,546	SH		SOLE		0	0	10,546
UNION PAC CORP	COM	907818108	616	3,782	SH		SOLE		0	0	3,782
UNITED BANKSHARES INC WEST V	COM	909907107	670	18,439	SH		SOLE		0	0	18,439
UNITED CONTL HLDGS INC	COM	910047109	277	3,108	SH		SOLE		0	0	3,108
UNITED PARCEL SERVICE INC	CL B	911312106	2,413	20,664	SH		SOLE		0	0	20,664
UNITED TECHNOLOGIES CORP	COM	913017109	403	2,884	SH		SOLE		0	0	2,884
UNITEDHEALTH GROUP INC	COM	91324P102	346	1,302	SH		SOLE		0	0	1,302
US BANCORP DEL	COM NEW	902973304	3,355	63,528	SH		SOLE		0	0	63,528
VALERO ENERGY CORP NEW	COM	91913Y100	819	7,198	SH		SOLE		0	0	7,198
VANGUARD GROUP	DIV APP ETF	921908844	410	3,705	SH		SOLE		0	0	3,705
VANGUARD INDEX FDS	VALUE ETF	922908744	1,167	10,545	SH		SOLE		0	0	10,545
VANGUARD INDEX FDS	GROWTH ETF	922908736	1,950	12,106	SH		SOLE		0	0	12,106
VANGUARD INDEX FDS	MCAP VL IDXVIP	922908512	268	2,373	SH		SOLE		0	0	2,373
VANGUARD INTL EQUITY INDEX F	FTSE PACIFIC ETF	922042866	228	3,205	SH		SOLE		0	0	3,205
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	218	5,027	SH		SOLE		0	0	5,027
VENTAS INC	COM	92276F100	709	13,033	SH		SOLE		0	0	13,033
VERICEL CORP	COM	92346J108	232	16,388	SH		SOLE		0	0	16,388
VERIZON COMMUNICATIONS INC	COM	92343V104	7,269	136,142	SH		SOLE		0	0	136,142
VISA INC	COM CL A	92826C839	524	3,489	SH		SOLE		0	0	3,489
VODAFONE GROUP PLC NEW	SPONSORED ADR	92857W308	1,393	64,199	SH		SOLE		0	0	64,199
VOYA FINL INC	COM	929089100	661	13,309	SH		SOLE		0	0	13,309
WALKER & DUNLOP INC	COM	93148P102	2,006	37,927	SH		SOLE		0	0	37,927
WALMART INC	COM	931142103	414	4,411	SH		SOLE		0	0	4,411
WELLS FARGO & CO	MTNF 6/0	94986RQF1	20	12,000	PRN		SOLE		0	0	12,000
WELLS FARGO CO NEW	COM	949746101	276	5,253	SH		SOLE		0	0	5,253
WELLTOWER INC	COM	95040Q104	771	11,986	SH		SOLE		0	0	11,986
WESTERN DIGITAL CORP	COM	958102105	523	8,926	SH		SOLE		0	0	8,926
WESTERN UN CO	COM	959802109	634	33,256	SH		SOLE		0	0	33,256
WEYERHAEUSER CO	COM	962166104	221	6,843	SH		SOLE		0	0	6,843
YUM BRANDS INC	COM	988498101	564	6,206	SH		SOLE		0	0	6,206
ZIX CORP	COM	98974P100	975	175,680	SH		SOLE		0	0	175,680