Montag A & Associates 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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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	2,393	14,505	SH		SOLE		0	0	14,505
ABBOTT LABS	COM	002824100	2,920	63,016	SH		SOLE		0	0	63,016
ABBVIE INC.	COM	00287y109	4,127	70,496	SH		SOLE		0	0	70,496
ACCENTURE PLC	COM	G1151C101	810	8,646	SH		SOLE		0	0	8,646
ACUITY BRANDS INC	COM	00508Y102	210	1,250	SH		SOLE		0	0	1,250
ADOBE SYSTEMS INC	COM	00724F101	5,883	79,560	SH		SOLE		0	0	79,560
ADVISORY BOARD CO/THE	COM	00762W107	4,868	91,363	SH		SOLE		0	0	91,363
AIR PRODS & CHEMS INC	COM	009158106	726	4,800	SH		SOLE		0	0	4,800
ALLEGHANY CORP DEL	COM	017175100	506	1,040	SH		SOLE		0	0	1,040
ALLISON TRANSMISSION HOLDING	COM	01973r101	1,706	53,400	SH		SOLE		0	0	53,400
ALLSTATE CORP	COM	020002101	1,540	21,640	SH		SOLE		0	0	21,640
ALTERA CORP	COM	021441100	920	21,450	SH		SOLE		0	0	21,450
ALTRIA GROUP INC	COM	02209S103	460	9,202	SH		SOLE		0	0	9,202
AMAZON COM INC	COM	023135106	2,370	6,368	SH		SOLE		0	0	6,368
AMERICAN EXPRESS CO	COM	025816109	485	6,210	SH		SOLE		0	0	6,210
AMERICAN INTL GROUP	COM	026874784	9,636	175,865	SH		SOLE		0	0	175,865
AMERISOURCEBERGEN CORP.	COM	03073E105	1,651	14,525	SH		SOLE		0	0	14,525
AMGEN INC	COM	031162100	477	2,986	SH		SOLE		0	0	2,986
ANADARKO PETE CORP	COM	032511107	3,195	38,580	SH		SOLE		0	0	38,580
APPLE COMPUTER INC	COM	037833100	7,319	58,824	SH		SOLE		0	0	58,824
APPLIED MATLS INC	COM	038222105	202	8,951	SH		SOLE		0	0	8,951
ARMSTRONG WORLD INDUSTRIES	COM	04247X102	7,072	123,055	SH		SOLE		0	0	123,055
ARTISAN PARTNERS ASSET MGMT	COM	04316A108	1,021	22,452	SH		SOLE		0	0	22,452
AT&T INC	COM	00206R102	511	15,654	SH		SOLE		0	0	15,654
AUTOMATIC DATA PROCESS	COM	053015103	480	5,600	SH		SOLE		0	0	5,600
BANK NEW YORK MELLON CORP	COM	064058100	221	5,501	SH		SOLE		0	0	5,501
BANK OF AMERICA CORP	COM	060505104	4,488	291,610	SH		SOLE		0	0	291,610
BARD C R INC	COM	067383109	377	2,250	SH		SOLE		0	0	2,250
BECTON DICKINSON & CO	COM	075887109	880	6,129	SH		SOLE		0	0	6,129
BERKSHIRE HATHAWAY INC CL A	COM	084670108	1,305	6	SH		SOLE		0	0	6
BERKSHIRE HATHAWAY INC CL B	COM	084670702	3,300	22,869	SH		SOLE		0	0	22,869
BIOGEN IDEC INC	COM	09062X103	232	549	SH		SOLE		0	0	549
BOEING CO	COM	097023105	10,294	68,592	SH		SOLE		0	0	68,592
BORGWARNER, INC.	COM	099724106	1,122	18,550	SH		SOLE		0	0	18,550
BRISTOL MYERS SQUIBB	COM	110122108	976	15,128	SH		SOLE		0	0	15,128
CAPITAL ONE FINANCIAL CORP.	COM	14040H105	2,104	26,700	SH		SOLE		0	0	26,700
CARMAX, INC.	COM	143130102	1,593	23,080	SH		SOLE		0	0	23,080
CBRE GROUP, INC.	COM	12504L109	3,770	97,400	SH		SOLE		0	0	97,400
CERNER CORP	COM	156782104	1,845	25,181	SH		SOLE		0	0	25,181
CHEVRON TEXACO CORP	COM	166764100	4,188	39,892	SH		SOLE		0	0	39,892
CHUBB CORP	COM	171232101	270	2,667	SH		SOLE		0	0	2,667
CISCO SYS INC	COM	17275R102	5,028	182,657	SH		SOLE		0	0	182,657
CITIGROUP INC	COM	172967424	3,976	77,180	SH		SOLE		0	0	77,180
CLOROX CO DEL	COM	189054109	297	2,686	SH		SOLE		0	0	2,686
COCA COLA CO	COM	191216100	11,812	291,295	SH		SOLE		0	0	291,295
COLFAX CORPORATION	COM	194014106	5,726	119,967	SH		SOLE		0	0	119,967
COLGATE PALMOLIVE CO	COM	194162103	1,482	21,366	SH		SOLE		0	0	21,366
CONOCOPHILIPS	COM	20825C104	1,751	28,126	SH		SOLE		0	0	28,126
CORNING INC	COM	219350105	2,220	97,902	SH		SOLE		0	0	97,902
COSTCO WHOLESALE CORP	COM	22160K105	2,172	14,340	SH		SOLE		0	0	14,340
CRANE COMPANY	COM	224399105	320	5,125	SH		SOLE		0	0	5,125
CVS CAREMARK CORP.	COM	126650100	6,732	65,231	SH		SOLE		0	0	65,231
DEVON ENERGY CORPORATION	COM	25179M103	1,956	32,427	SH		SOLE		0	0	32,427
DISCOVER FINANCIAL SERVICES CO	COM	254709108	732	12,994	SH		SOLE		0	0	12,994
DOLLAR TREE, INC.	COM	256746108	572	7,050	SH		SOLE		0	0	7,050
DOMINION RES VA NEW	COM	25746U109	275	3,875	SH		SOLE		0	0	3,875
DU PONT E I DE NEMOURS	COM	263534109	955	13,366	SH		SOLE		0	0	13,366
DUKE ENERGY CORP	COM	26441C204	796	10,372	SH		SOLE		0	0	10,372
DYCOM INDUSTRIES INC	COM	267475101	3,187	65,259	SH		SOLE		0	0	65,259
E M C CORP MASS	COM	268648102	2,645	103,482	SH		SOLE		0	0	103,482
EASTMAN CHEM CO	COM	277432100	2,011	29,035	SH		SOLE		0	0	29,035
EATON VANCE CORP COM NON VTG	COM	278265103	1,629	39,125	SH		SOLE		0	0	39,125
EBAY INC	COM	278642103	8,358	144,910	SH		SOLE		0	0	144,910
EDWARDS LIFESCIENCES	COM	28176E108	6,086	42,722	SH		SOLE		0	0	42,722
EMERSON ELEC CO	COM	291011104	618	10,915	SH		SOLE		0	0	10,915
ENERGEN CORP	COM	29265N108	317	4,800	SH		SOLE		0	0	4,800
ENTERPRISE PRODUCTS PARTNERS	COM	293792107	587	17,840	SH		SOLE		0	0	17,840
EOG RESOURCES INC	COM	26875P101	2,549	27,795	SH		SOLE		0	0	27,795
EQUIFAX INC	COM	294429105	10,496	112,855	SH		SOLE		0	0	112,855
EXELON CORPORATION	COM	30161N101	416	12,385	SH		SOLE		0	0	12,385
EXPRESS SCRIPTS HOLDING CO.	COM	30219G108	8,187	94,354	SH		SOLE		0	0	94,354
EXXON MOBIL CORP	COM	30231G102	5,692	66,960	SH		SOLE		0	0	66,960
FIDELITY NATIONAL INFORMATION	COM	31620M106	476	7,000	SH		SOLE		0	0	7,000
FINANCIAL ENGINES, INC.	COM	317485100	1,062	25,399	SH		SOLE		0	0	25,399
FISERV INC	COM	337738108	5,215	65,678	SH		SOLE		0	0	65,678
FLORIDA CAPITAL GROUP INC COM	COM	340990159	1	21,929	SH		SOLE		0	0	21,929
FORTUNA SILVER MINES COM	COM	349915108	46	12,000	SH		SOLE		0	0	12,000
GENERAL ELEC CO	COM	369604103	12,791	515,558	SH		SOLE		0	0	515,558
GENUINE PARTS CO	COM	372460105	3,318	35,603	SH		SOLE		0	0	35,603
GILEAD SCIENCES INC	COM	375558103	1,411	14,375	SH		SOLE		0	0	14,375
GLOBAL ENERGY HOLDINGS GROUP	COM	37991A100	0	11,700	SH		SOLE		0	0	11,700
GOOGLE, INC. CL A	COM	38259P508	4,175	7,526	SH		SOLE		0	0	7,526
GOOGLE, INC. CL C	COM	38259P706	8,724	15,919	SH		SOLE		0	0	15,919
GRAHAM HOLDINGS COMPANY	COM	384637104	224	213	SH		SOLE		0	0	213
HAIN CELESTIAL GROUP INC	COM	405217100	1,315	20,530	SH		SOLE		0	0	20,530
HALLIBURTON CO	COM	406216101	432	9,850	SH		SOLE		0	0	9,850
HARRIS CORP DEL	COM	413875105	504	6,400	SH		SOLE		0	0	6,400
HAVERTY FURN COS INC CLASS A	COM	419596200	344	13,865	SH		SOLE		0	0	13,865
HAVERTY FURNITURE INC COM	COM	419596101	208	8,352	SH		SOLE		0	0	8,352
HD SUPPLY HOLDINGS, INC.	COM	40416M105	6,281	201,620	SH		SOLE		0	0	201,620
HERTZ GLOBAL HOLDINGS, INC	COM	42805T105	3,571	164,701	SH		SOLE		0	0	164,701
HILTON HOTELS CORP	COM	43300A104	3,432	115,875	SH		SOLE		0	0	115,875
HOME DEPOT INC	COM	437076102	10,517	92,573	SH		SOLE		0	0	92,573
HONEYWELL INTL INC	COM	438516106	1,178	11,292	SH		SOLE		0	0	11,292
HUNTINGTON INGALLS INDUSTRIES	COM	446413106	3,952	28,201	SH		SOLE		0	0	28,201
INGREDION INC	COM	457187102	1,222	15,700	SH		SOLE		0	0	15,700
INTEL CORP	COM	458140100	412	13,188	SH		SOLE		0	0	13,188
INTERNATIONAL BUS MACH	COM	459200101	7,157	44,590	SH		SOLE		0	0	44,590
JOHNSON & JOHNSON	COM	478160104	11,804	117,331	SH		SOLE		0	0	117,331
JP MORGAN CHASE & CO	COM	46625H100	3,871	63,906	SH		SOLE		0	0	63,906
KATE SPADE & COMPANY	COM	485865109	361	10,800	SH		SOLE		0	0	10,800
KIMBERLY CLARK CORP	COM	494368103	1,529	14,277	SH		SOLE		0	0	14,277
KINDER MORGAN INC	COM	49456B101	419	9,958	SH		SOLE		0	0	9,958
KRAFT FOODS GROUP INC	COM	50076q106	1,230	14,121	SH		SOLE		0	0	14,121
LILLY ELI & CO	COM	532457108	4,471	61,546	SH		SOLE		0	0	61,546
LIVE NATION	COM	538034109	4,712	186,760	SH		SOLE		0	0	186,760
LKQ CORP	COM	501889208	6,774	265,037	SH		SOLE		0	0	265,037
LOCKHEED MARTIN CORP	COM	539830109	2,935	14,459	SH		SOLE		0	0	14,459
LOEWS CORP	COM	540424108	245	6,009	SH		SOLE		0	0	6,009
LOWES COS INC	COM	548661107	456	6,130	SH		SOLE		0	0	6,130
MAGELLAN MIDSTREAM PARTNERS, L	COM	559080106	307	4,000	SH		SOLE		0	0	4,000
MARATHON OIL CORP	COM	565849106	222	8,500	SH		SOLE		0	0	8,500
MARATHON PETROLEUM CORP	COM	56585A102	507	4,950	SH		SOLE		0	0	4,950
MARKEL CORP	COM	570535104	4,834	6,287	SH		SOLE		0	0	6,287
MARRIOTT INTL INC NEW CL A	COM	571903202	6,795	84,604	SH		SOLE		0	0	84,604
MARTIN MARIETTA MATERIALS INC	COM	573284106	2,210	15,810	SH		SOLE		0	0	15,810
MASCO CORP	COM	574599106	4,143	155,170	SH		SOLE		0	0	155,170
MASTERCARD INC CLASS A	COM	57636Q104	4,008	46,390	SH		SOLE		0	0	46,390
MCDONALDS CORP	COM	580135101	563	5,777	SH		SOLE		0	0	5,777
MCKESSON CORP	COM	58155Q103	1,207	5,338	SH		SOLE		0	0	5,338
MDC HOLDINGS INC	COM	552676108	647	22,696	SH		SOLE		0	0	22,696
MEDTRONIC PLC	COM	G5960L103	582	7,465	SH		SOLE		0	0	7,465
MERCK & CO INC	COM	58933Y105	5,283	91,914	SH		SOLE		0	0	91,914
MICROSOFT CORP	COM	594918104	5,852	143,936	SH		SOLE		0	0	143,936
MONDELEZ INTERNATIONAL INC	COM	609207105	1,730	47,942	SH		SOLE		0	0	47,942
MORNINGSTAR INC	COM	617700109	3,039	40,566	SH		SOLE		0	0	40,566
NABORS INDS INC	COM	G6359F103	181	13,250	SH		SOLE		0	0	13,250
NEXTERA ENERGY INC COM	COM	65339F101	1,670	16,050	SH		SOLE		0	0	16,050
NIKE INC CL B	COM	654106103	2,587	25,782	SH		SOLE		0	0	25,782
NORFOLK SOUTHERN CORP	COM	655844108	768	7,460	SH		SOLE		0	0	7,460
NORTHROP GRUMMAN CORP	COM	666807102	362	2,250	SH		SOLE		0	0	2,250
OCCIDENTAL PETE CP DEL	COM	674599105	6,278	86,002	SH		SOLE		0	0	86,002
OMNICOM GROUP INC	COM	681919106	1,560	20,000	SH		SOLE		0	0	20,000
PARTNER RE LTD	COM	G6852T105	2,187	19,125	SH		SOLE		0	0	19,125
PEPSICO INC	COM	713448108	4,756	49,742	SH		SOLE		0	0	49,742
PFIZER INC	COM	717081103	6,434	184,924	SH		SOLE		0	0	184,924
PHILLIPS 66	COM	718546104	287	3,646	SH		SOLE		0	0	3,646
PLUM CREEK TIMBER CO INC	COM	729251108	234	5,386	SH		SOLE		0	0	5,386
POTASH CORP SASK INC	COM	73755L107	755	23,412	SH		SOLE		0	0	23,412
PPG INDS INC	COM	693506107	1,052	4,663	SH		SOLE		0	0	4,663
PPL CORP.	COM	69351T106	847	25,150	SH		SOLE		0	0	25,150
PRINCIPAL FINANCIAL GROUP	COM	74251V102	2,111	41,100	SH		SOLE		0	0	41,100
PROCTER & GAMBLE CO	COM	742718109	4,056	49,501	SH		SOLE		0	0	49,501
QUALCOMM INC	COM	747525103	329	4,750	SH		SOLE		0	0	4,750
RAYTHEON CO	COM	755111507	278	2,542	SH		SOLE		0	0	2,542
REALOGY HOLDINGS CORP.	COM	75605y106	8,094	177,960	SH		SOLE		0	0	177,960
RYDER SYS INC	COM	783549108	1,257	13,250	SH		SOLE		0	0	13,250
SANDERSON FARMS INC	COM	800013104	438	5,500	SH		SOLE		0	0	5,500
SCHLUMBERGER LTD	COM	806857108	4,065	48,717	SH		SOLE		0	0	48,717
SKYWORKS SOLUTIONS INC	COM	83088M102	1,612	16,397	SH		SOLE		0	0	16,397
SOUTHERN CO	COM	842587107	474	10,697	SH		SOLE		0	0	10,697
SPECTRUM BRANDS, INC.	COM	84763r101	5,267	58,815	SH		SOLE		0	0	58,815
SPIRIT AEROSYSTEMS HOLDINGS	COM	848574109	365	7,000	SH		SOLE		0	0	7,000
SPROUTS FARMERS MARKET, INC.	COM	85208M102	3,788	107,518	SH		SOLE		0	0	107,518
STAPLES INC	COM	855030102	737	45,250	SH		SOLE		0	0	45,250
STARBUCKS CORP	COM	855244109	2,144	22,638	SH		SOLE		0	0	22,638
STARWOOD HOTELS & RESORT WORLD	COM	85590A401	3,143	37,642	SH		SOLE		0	0	37,642
STATE STREET CORP	COM	857477103	2,583	35,125	SH		SOLE		0	0	35,125
SUNOCO LOGISTICS PARTNERS LP	COM	86764L108	360	8,700	SH		SOLE		0	0	8,700
SUNTRUST BKS INC	COM	867914103	6,061	147,511	SH		SOLE		0	0	147,511
SYSCO CORP	COM	871829107	314	8,330	SH		SOLE		0	0	8,330
TARGET CORP	COM	87612E106	1,734	21,134	SH		SOLE		0	0	21,134
TIME WARNER CABLE - A	COM	88732J207	752	5,016	SH		SOLE		0	0	5,016
TIME WARNER INC	COM	887317303	3,261	38,616	SH		SOLE		0	0	38,616
TRANSOCEAN LTD.	COM	H8817H100	390	26,615	SH		SOLE		0	0	26,615
TRI POINTE HOMES INC.	COM	87265H109	3,994	258,817	SH		SOLE		0	0	258,817
TWENTY-FIRST CENTURY FOX INC C	COM	90130A101	395	11,675	SH		SOLE		0	0	11,675
U.S. TECHNOLOGIES	COM	91272D309	0	20,000	SH		SOLE		0	0	20,000
UNITED NATURAL FOODS INC.	COM	911163103	1,036	13,450	SH		SOLE		0	0	13,450
UNITED PARCEL SERVICE CL B	COM	911312106	2,003	20,665	SH		SOLE		0	0	20,665
UNITED RENTALS INC.	COM	911363109	1,361	14,925	SH		SOLE		0	0	14,925
UNITED TECHNOLOGIES CP	COM	913017109	2,415	20,607	SH		SOLE		0	0	20,607
UNITEDHEALTH GROUP INC	COM	91324P102	979	8,280	SH		SOLE		0	0	8,280
V F CORP	COM	918204108	3,095	41,100	SH		SOLE		0	0	41,100
VISA INC - CLASS A	COM	92826C839	1,247	19,060	SH		SOLE		0	0	19,060
VULCAN MATLS CO	COM	929160109	6,371	75,578	SH		SOLE		0	0	75,578
WAL MART STORES INC	COM	931142103	3,877	47,141	SH		SOLE		0	0	47,141
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	9,199	108,635	SH		SOLE		0	0	108,635
WALT DISNEY CO	COM	254687106	5,020	47,858	SH		SOLE		0	0	47,858
WEATHERFORD INTL PLC COM	COM	G48833100	412	33,500	SH		SOLE		0	0	33,500
WELLS FARGO & CO NEW	COM	949746101	6,099	112,106	SH		SOLE		0	0	112,106
WEST PHARMACEUTICAL SERVICES	COM	955306105	271	4,500	SH		SOLE		0	0	4,500
WEYERHAEUSER CO	COM	962166104	4,382	132,200	SH		SOLE		0	0	132,200
WISDOMTREE INVESTMENTS	COM	97717p104	1,126	52,490	SH		SOLE		0	0	52,490
WORLD FUEL SERVICES CORP	COM	981475106	1,960	34,106	SH		SOLE		0	0	34,106
WR BERKLEY CORP	COM	084423102	2,757	54,575	SH		SOLE		0	0	54,575
YUM! BRANDS INC	COM	988498101	275	3,499	SH		SOLE		0	0	3,499
AMEX FINANCIAL SECTOR SPDR	ETF	81369Y605	270	11,204	SH		SOLE		0	0	11,204
AMEX INDUSTRIAL SECTOR SPDR	ETF	81369Y704	303	5,437	SH		SOLE		0	0	5,437
AMEX TECHNOLOGY SECTOR SPDR	ETF	81369Y803	203	4,897	SH		SOLE		0	0	4,897
HEALTH CARE SELECT SECTOR SPDR	ETF	81369y209	1,735	23,929	SH		SOLE		0	0	23,929
ISHARES CDN S&P/TSX 60 INDX FU	ETF	46428D108	208	9,498	SH		SOLE		0	0	9,498
ISHARES DJ SELECT DIVIDEND	ETF	464287168	1,030	13,218	SH		SOLE		0	0	13,218
ISHARES DJ US HEALTHCARE SEC	ETF	464287762	440	2,850	SH		SOLE		0	0	2,850
ISHARES MSCI GERMANY INDEX	ETF	464286806	4,707	157,750	SH		SOLE		0	0	157,750
ISHARES MSCI PACIFIC EX-JAPAN	ETF	464286665	388	8,550	SH		SOLE		0	0	8,550
ISHARES MSCI UNITED KINGDOM	ETF	46434v548	315	17,467	SH		SOLE		0	0	17,467
ISHARES RUSSELL 1000 INDEX	ETF	464287622	8,545	73,760	SH		SOLE		0	0	73,760
ISHARES RUSSELL TOP 200 GROWTH	ETF	464289438	277	5,350	SH		SOLE		0	0	5,350
ISHARES S&P 100 INDEX FUND	ETF	464287101	306	3,395	SH		SOLE		0	0	3,395
ISHARES S&P GLOBAL INDEX 100	ETF	464287572	1,159	15,070	SH		SOLE		0	0	15,070
ISHARES S&P SMALLCAP 600	ETF	464287804	391	3,315	SH		SOLE		0	0	3,315
ISHARES TR RUSSELL 2000 GROWTH	ETF	464287648	308	2,035	SH		SOLE		0	0	2,035
ISHARES TRUST RUSSELL 2000 IND	ETF	464287655	783	6,299	SH		SOLE		0	0	6,299
ISHARES TRUST S&P 500 INDEX	ETF	464287200	15,060	72,463	SH		SOLE		0	0	72,463
ISHARES TRUST S&P MIDCAP 400	ETF	464287507	3,021	19,876	SH		SOLE		0	0	19,876
KBW REGIONAL BANKING ETF	ETF	78464A698	2,952	72,300	SH		SOLE		0	0	72,300
PHARMACEUTICAL HOLDERS TRUST	ETF	57060U217	616	8,770	SH		SOLE		0	0	8,770
POWERSHARES FTSE RAFI US 1000	ETF	73935X583	1,090	11,935	SH		SOLE		0	0	11,935
POWERSHARES S&P HIGH QUALITY E	ETF	73935X682	2,170	92,508	SH		SOLE		0	0	92,508
RYDEX S&P EQUAL WEIGHT ETF	ETF	78355W106	7,081	87,364	SH		SOLE		0	0	87,364
S & P 500 DEPOSITARY RECEIPT	ETF	78462F103	22,390	108,464	SH		SOLE		0	0	108,464
SPDR DJIA TRUST	ETF	78467X109	1,853	10,435	SH		SOLE		0	0	10,435
SPDR GOLD TRUST	ETF	78463V107	2,123	18,675	SH		SOLE		0	0	18,675
SPDR S&P DIVIDEND ETF	ETF	78464A763	2,520	32,229	SH		SOLE		0	0	32,229
SPDR S&P INT'L DIVIDEND ETF	ETF	78463X772	1,063	25,355	SH		SOLE		0	0	25,355
SPDR S&P MID-CAP 400 ETF TRUST	ETF	78467Y107	33,981	122,568	SH		SOLE		0	0	122,568
VANGUARD DIVIDEND APPRECIATION	ETF	921908844	8,273	102,805	SH		SOLE		0	0	102,805
VANGUARD EMERGING MARKETS	ETF	922042858	672	16,436	SH		SOLE		0	0	16,436
VANGUARD ENERGY ETF	ETF	92204a306	338	3,095	SH		SOLE		0	0	3,095
VANGUARD FTSE DEVELOPED MARKET	ETF	921943858	3,555	89,245	SH		SOLE		0	0	89,245
VANGUARD MID CAP ETF	ETF	922908629	7,023	52,925	SH		SOLE		0	0	52,925
VANGUARD MSCI EUROPE ETF	ETF	922042874	2,542	46,883	SH		SOLE		0	0	46,883
VANGUARD REIT ETF	ETF	922908553	3,002	35,610	SH		SOLE		0	0	35,610
VANGUARD S&P 500 ETF	ETF	922908363	1,097	5,800	SH		SOLE		0	0	5,800
VANGUARD TOTAL INTERNATIONAL S	ETF	921909768	675	13,400	SH		SOLE		0	0	13,400
VANGUARD TOTAL STOCK MARKET ET	ETF	922908769	268	2,502	SH		SOLE		0	0	2,502
WISDOMTREE DIVIDEND EX-FIN ETF	ETF	97717W406	942	12,405	SH		SOLE		0	0	12,405
WISDOMTREE EUROPE HEDGED EQUIT	ETF	97717X701	620	9,369	SH		SOLE		0	0	9,369
WISDOMTREE JAPAN HEDGED EQUITY	ETF	97717w851	227	4,111	SH		SOLE		0	0	4,111
AMERICAN RLTY CAP PROP INC	CL END	02917t104	104	10,582	SH		SOLE		0	0	10,582
EQUITY RESIDENTIAL PROPERTIES	CL END	29476L107	290	3,720	SH		SOLE		0	0	3,720
FEDERAL REALTY INV TRUST	CL END	313747206	310	2,105	SH		SOLE		0	0	2,105
HEALTH CARE REIT INC COM	CL END	42217K106	406	5,250	SH		SOLE		0	0	5,250
PREFERRED APT CMNTYS INC COM	CL END	74039L103	307	28,400	SH		SOLE		0	0	28,400
REDWOOD TRUST, INC.	CL END	758075402	4,527	253,337	SH		SOLE		0	0	253,337
ASTRAZENECA PLC - SPONS ADR	FOR	046353108	322	4,700	SH		SOLE		0	0	4,700
BLACKBERRY LIMITED	FOR	09228f103	831	93,107	SH		SOLE		0	0	93,107
BP AMOCO PLC - SPONS ADR	FOR	055622104	336	8,598	SH		SOLE		0	0	8,598
CENOVUS ENERGY, INC.	FOR	15135U109	229	13,550	SH		SOLE		0	0	13,550
DIAGEO PLC-SPONSORED ADR NEW	FOR	25243Q205	3,595	32,509	SH		SOLE		0	0	32,509
NESTLE S A - ADR REG SHS	FOR	641069406	4,107	54,354	SH		SOLE		0	0	54,354
NOVARTIS AG-ADR	FOR	66987V109	4,344	44,054	SH		SOLE		0	0	44,054
NXP SEMICONDUCTORS NV	FOR	N6596X109	4,112	40,975	SH		SOLE		0	0	40,975
PHILIP MORRIS INTL INC COM	FOR	718172109	1,261	16,737	SH		SOLE		0	0	16,737
ROCHE HLDG LTD SPONSORED ADR	FOR	771195104	224	6,480	SH		SOLE		0	0	6,480
ROYAL DUTCH SHELL PLC	FOR	780259206	9,703	162,665	SH		SOLE		0	0	162,665
ROYAL DUTCH SHELL PLC B	FOR	780259107	1,424	22,718	SH		SOLE		0	0	22,718
SANOFI-AVENTIS	FOR	80105N105	361	7,300	SH		SOLE		0	0	7,300
SIEMENS AG SPONS ADR	FOR	826197501	2,307	21,335	SH		SOLE		0	0	21,335
SINTANA ENERGY INC COM	FOR	82937H108	6	150,000	SH		SOLE		0	0	150,000
UNILEVER N V N Y SHS NEW	FOR	904784709	207	4,950	SH		SOLE		0	0	4,950
UNILEVER PLC-SPONSORED ADR	FOR	904767704	228	5,459	SH		SOLE		0	0	5,459
VODAFONE GROUP PLC SP ADR	FOR	92857w308	247	7,569	SH		SOLE		0	0	7,569
WILLIS GROUP HOLDINGS PLC	FOR	G96666105	3,029	62,870	SH		SOLE		0	0	62,870
WPP GROUP PLC	FOR	92937A102	3,285	28,875	SH		SOLE		0	0	28,875