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
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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	2,238	14,505	SH		SOLE		0	0	14,505
ABBOTT LABS	COM	002824100	3,085	62,866	SH		SOLE		0	0	62,866
ABBVIE INC.	COM	00287y109	4,706	70,041	SH		SOLE		0	0	70,041
ACCENTURE PLC	COM	G1151C101	837	8,646	SH		SOLE		0	0	8,646
ACUITY BRANDS INC	COM	00508Y102	225	1,250	SH		SOLE		0	0	1,250
ADOBE SYSTEMS INC	COM	00724F101	6,252	77,180	SH		SOLE		0	0	77,180
ADVISORY BOARD CO/THE	COM	00762W107	3,580	65,475	SH		SOLE		0	0	65,475
AIR PRODS & CHEMS INC	COM	009158106	657	4,800	SH		SOLE		0	0	4,800
ALLEGHANY CORP DEL	COM	017175100	488	1,040	SH		SOLE		0	0	1,040
ALLISON TRANSMISSION HOLDING	COM	01973r101	1,562	53,400	SH		SOLE		0	0	53,400
ALLSTATE CORP	COM	020002101	1,404	21,640	SH		SOLE		0	0	21,640
ALTERA CORP	COM	021441100	374	7,300	SH		SOLE		0	0	7,300
ALTRIA GROUP INC	COM	02209S103	450	9,202	SH		SOLE		0	0	9,202
AMAZON COM INC	COM	023135106	2,521	5,808	SH		SOLE		0	0	5,808
AMERICAN EXPRESS CO	COM	025816109	483	6,210	SH		SOLE		0	0	6,210
AMERICAN INTL GROUP	COM	026874784	10,494	169,756	SH		SOLE		0	0	169,756
AMERISOURCEBERGEN CORP.	COM	03073E105	1,534	14,425	SH		SOLE		0	0	14,425
AMGEN INC	COM	031162100	458	2,986	SH		SOLE		0	0	2,986
ANADARKO PETE CORP	COM	032511107	3,022	38,710	SH		SOLE		0	0	38,710
APPLE COMPUTER INC	COM	037833100	7,150	57,003	SH		SOLE		0	0	57,003
ARMSTRONG WORLD INDUSTRIES	COM	04247X102	6,530	122,555	SH		SOLE		0	0	122,555
ARTISAN PARTNERS ASSET MGMT	COM	04316A108	1,898	40,855	SH		SOLE		0	0	40,855
AT&T INC	COM	00206R102	556	15,654	SH		SOLE		0	0	15,654
AUTOMATIC DATA PROCESS	COM	053015103	369	4,600	SH		SOLE		0	0	4,600
AVIS BUDGET GROUP INC.	COM	053774105	1,704	38,650	SH		SOLE		0	0	38,650
BANK NEW YORK MELLON CORP	COM	064058100	231	5,501	SH		SOLE		0	0	5,501
BANK OF AMERICA CORP	COM	060505104	2,568	150,853	SH		SOLE		0	0	150,853
BARD C R INC	COM	067383109	384	2,250	SH		SOLE		0	0	2,250
BECTON DICKINSON & CO	COM	075887109	868	6,129	SH		SOLE		0	0	6,129
BERKSHIRE HATHAWAY INC CL A	COM	084670108	1,024	5	SH		SOLE		0	0	5
BERKSHIRE HATHAWAY INC CL B	COM	084670702	3,149	23,134	SH		SOLE		0	0	23,134
BIOGEN IDEC INC	COM	09062X103	222	549	SH		SOLE		0	0	549
BOEING CO	COM	097023105	6,159	44,399	SH		SOLE		0	0	44,399
BORGWARNER, INC.	COM	099724106	1,054	18,550	SH		SOLE		0	0	18,550
BRISTOL MYERS SQUIBB	COM	110122108	973	14,628	SH		SOLE		0	0	14,628
CAPITAL ONE FINANCIAL CORP.	COM	14040H105	2,340	26,600	SH		SOLE		0	0	26,600
CBRE GROUP, INC.	COM	12504L109	3,604	97,400	SH		SOLE		0	0	97,400
CHEVRON TEXACO CORP	COM	166764100	3,784	39,225	SH		SOLE		0	0	39,225
CHUBB CORP	COM	171232101	254	2,667	SH		SOLE		0	0	2,667
CISCO SYS INC	COM	17275R102	4,785	174,248	SH		SOLE		0	0	174,248
CITIGROUP INC	COM	172967424	1,412	25,555	SH		SOLE		0	0	25,555
CLOROX CO DEL	COM	189054109	279	2,686	SH		SOLE		0	0	2,686
COCA COLA CO	COM	191216100	11,313	288,373	SH		SOLE		0	0	288,373
COLFAX CORPORATION	COM	194014106	6,585	142,693	SH		SOLE		0	0	142,693
COLGATE PALMOLIVE CO	COM	194162103	1,414	21,616	SH		SOLE		0	0	21,616
CONNECTURE, INC.	COM	20786J106	655	62,027	SH		SOLE		0	0	62,027
CONOCOPHILIPS	COM	20825C104	2,326	37,876	SH		SOLE		0	0	37,876
CORNING INC	COM	219350105	2,112	107,025	SH		SOLE		0	0	107,025
COSTCO WHOLESALE CORP	COM	22160K105	1,937	14,340	SH		SOLE		0	0	14,340
CRANE COMPANY	COM	224399105	521	8,875	SH		SOLE		0	0	8,875
CVS CAREMARK CORP.	COM	126650100	6,189	59,006	SH		SOLE		0	0	59,006
DEVON ENERGY CORPORATION	COM	25179M103	1,174	19,727	SH		SOLE		0	0	19,727
DISCOVER FINANCIAL SERVICES CO	COM	254709108	749	12,994	SH		SOLE		0	0	12,994
DOMINION RES VA NEW	COM	25746U109	259	3,875	SH		SOLE		0	0	3,875
DU PONT E I DE NEMOURS	COM	263534109	847	13,244	SH		SOLE		0	0	13,244
DUKE ENERGY CORP	COM	26441C204	653	9,241	SH		SOLE		0	0	9,241
DYCOM INDUSTRIES INC	COM	267475101	3,571	60,683	SH		SOLE		0	0	60,683
E M C CORP MASS	COM	268648102	2,374	89,972	SH		SOLE		0	0	89,972
EASTMAN CHEM CO	COM	277432100	5,350	65,385	SH		SOLE		0	0	65,385
EATON VANCE CORP COM NON VTG	COM	278265103	1,531	39,125	SH		SOLE		0	0	39,125
EBAY INC	COM	278642103	5,632	93,485	SH		SOLE		0	0	93,485
EDWARDS LIFESCIENCES	COM	28176E108	6,041	42,417	SH		SOLE		0	0	42,417
EMERSON ELEC CO	COM	291011104	2,480	44,744	SH		SOLE		0	0	44,744
ENERGEN CORP	COM	29265N108	294	4,300	SH		SOLE		0	0	4,300
ENTERPRISE PRODUCTS PARTNERS	COM	293792107	533	17,840	SH		SOLE		0	0	17,840
EOG RESOURCES INC	COM	26875P101	4,712	53,825	SH		SOLE		0	0	53,825
EQUIFAX INC	COM	294429105	10,938	112,655	SH		SOLE		0	0	112,655
EXELON CORPORATION	COM	30161N101	389	12,385	SH		SOLE		0	0	12,385
EXPRESS SCRIPTS HOLDING CO.	COM	30219G108	7,680	86,354	SH		SOLE		0	0	86,354
EXXON MOBIL CORP	COM	30231G102	5,567	66,910	SH		SOLE		0	0	66,910
FIDELITY NATIONAL INFORMATION	COM	31620M106	433	7,000	SH		SOLE		0	0	7,000
FINANCIAL ENGINES, INC.	COM	317485100	946	22,275	SH		SOLE		0	0	22,275
FISERV INC	COM	337738108	5,409	65,298	SH		SOLE		0	0	65,298
FLORIDA CAPITAL GROUP INC COM	COM	340990159	1	21,929	SH		SOLE		0	0	21,929
FORTUNA SILVER MINES COM	COM	349915108	44	12,000	SH		SOLE		0	0	12,000
GENERAL ELEC CO	COM	369604103	11,884	447,290	SH		SOLE		0	0	447,290
GENUINE PARTS CO	COM	372460105	3,188	35,603	SH		SOLE		0	0	35,603
GLOBAL ENERGY HOLDINGS GROUP	COM	37991A100	0	11,700	SH		SOLE		0	0	11,700
GOOGLE, INC. CL A	COM	38259P508	4,137	7,660	SH		SOLE		0	0	7,660
GOOGLE, INC. CL C	COM	38259P706	8,325	15,994	SH		SOLE		0	0	15,994
GRAHAM HOLDINGS COMPANY	COM	384637104	229	213	SH		SOLE		0	0	213
HAIN CELESTIAL GROUP INC	COM	405217100	1,349	20,480	SH		SOLE		0	0	20,480
HALLIBURTON CO	COM	406216101	383	8,900	SH		SOLE		0	0	8,900
HARRIS CORP DEL	COM	413875105	492	6,400	SH		SOLE		0	0	6,400
HAVERTY FURN COS INC CLASS A	COM	419596200	298	13,865	SH		SOLE		0	0	13,865
HD SUPPLY HOLDINGS, INC.	COM	40416M105	6,862	195,050	SH		SOLE		0	0	195,050
HILTON HOTELS CORP	COM	43300A104	3,192	115,875	SH		SOLE		0	0	115,875
HOME DEPOT INC	COM	437076102	9,921	89,275	SH		SOLE		0	0	89,275
HONEYWELL INTL INC	COM	438516106	1,142	11,202	SH		SOLE		0	0	11,202
HUNTINGTON INGALLS INDUSTRIES	COM	446413106	887	7,880	SH		SOLE		0	0	7,880
INGREDION INC	COM	457187102	895	11,220	SH		SOLE		0	0	11,220
INTEL CORP	COM	458140100	366	12,042	SH		SOLE		0	0	12,042
INTERNATIONAL BUS MACH	COM	459200101	7,189	44,194	SH		SOLE		0	0	44,194
JOHNSON & JOHNSON	COM	478160104	10,760	110,400	SH		SOLE		0	0	110,400
JP MORGAN CHASE & CO	COM	46625H100	4,485	66,196	SH		SOLE		0	0	66,196
KATE SPADE & COMPANY	COM	485865109	243	11,300	SH		SOLE		0	0	11,300
KIMBERLY CLARK CORP	COM	494368103	1,497	14,127	SH		SOLE		0	0	14,127
KINDER MORGAN INC	COM	49456B101	382	9,958	SH		SOLE		0	0	9,958
KRAFT FOODS GROUP INC	COM	50076q106	1,202	14,121	SH		SOLE		0	0	14,121
LILLY ELI & CO	COM	532457108	4,108	49,200	SH		SOLE		0	0	49,200
LIVE NATION	COM	538034109	4,808	174,900	SH		SOLE		0	0	174,900
LKQ CORP	COM	501889208	9,655	319,218	SH		SOLE		0	0	319,218
LOCKHEED MARTIN CORP	COM	539830109	2,637	14,184	SH		SOLE		0	0	14,184
LOWES COS INC	COM	548661107	377	5,630	SH		SOLE		0	0	5,630
MAGELLAN MIDSTREAM PARTNERS, L	COM	559080106	294	4,000	SH		SOLE		0	0	4,000
MARATHON OIL CORP	COM	565849106	226	8,500	SH		SOLE		0	0	8,500
MARATHON PETROLEUM CORP	COM	56585A102	518	9,900	SH		SOLE		0	0	9,900
MARKEL CORP	COM	570535104	4,912	6,135	SH		SOLE		0	0	6,135
MARRIOTT INTL INC NEW CL A	COM	571903202	6,219	83,604	SH		SOLE		0	0	83,604
MARTIN MARIETTA MATERIALS INC	COM	573284106	698	4,930	SH		SOLE		0	0	4,930
MASCO CORP	COM	574599106	4,132	154,920	SH		SOLE		0	0	154,920
MASTERCARD INC CLASS A	COM	57636Q104	4,308	46,090	SH		SOLE		0	0	46,090
MCDONALDS CORP	COM	580135101	549	5,777	SH		SOLE		0	0	5,777
MCKESSON CORP	COM	58155Q103	1,178	5,238	SH		SOLE		0	0	5,238
MDC HOLDINGS INC	COM	552676108	667	22,250	SH		SOLE		0	0	22,250
MEDTRONIC PLC	COM	G5960L103	553	7,465	SH		SOLE		0	0	7,465
MERCK & CO INC	COM	58933Y105	13,125	230,539	SH		SOLE		0	0	230,539
MICROSOFT CORP	COM	594918104	3,474	78,687	SH		SOLE		0	0	78,687
MONDELEZ INTERNATIONAL INC	COM	609207105	1,972	47,942	SH		SOLE		0	0	47,942
MORNINGSTAR INC	COM	617700109	1,999	25,125	SH		SOLE		0	0	25,125
NABORS INDS INC	COM	G6359F103	191	13,250	SH		SOLE		0	0	13,250
NEXTERA ENERGY INC COM	COM	65339F101	1,525	15,553	SH		SOLE		0	0	15,553
NIKE INC CL B	COM	654106103	2,717	25,157	SH		SOLE		0	0	25,157
NORFOLK SOUTHERN CORP	COM	655844108	652	7,460	SH		SOLE		0	0	7,460
NORTHROP GRUMMAN CORP	COM	666807102	357	2,250	SH		SOLE		0	0	2,250
OCCIDENTAL PETE CP DEL	COM	674599105	6,473	83,235	SH		SOLE		0	0	83,235
OMNICOM GROUP INC	COM	681919106	1,390	20,000	SH		SOLE		0	0	20,000
PARTNER RE LTD	COM	G6852T105	1,985	15,450	SH		SOLE		0	0	15,450
PEPSICO INC	COM	713448108	4,629	49,592	SH		SOLE		0	0	49,592
PFIZER INC	COM	717081103	6,092	181,691	SH		SOLE		0	0	181,691
PHILLIPS 66	COM	718546104	274	3,396	SH		SOLE		0	0	3,396
PLUM CREEK TIMBER CO INC	COM	729251108	219	5,386	SH		SOLE		0	0	5,386
PNC FINANCIAL SVCS GROUP	COM	693475105	3,234	33,815	SH		SOLE		0	0	33,815
PPG INDS INC	COM	693506107	1,070	9,326	SH		SOLE		0	0	9,326
PPL CORP.	COM	69351T106	741	25,150	SH		SOLE		0	0	25,150
PRECISION CASTPARTS CP	COM	740189105	9,594	48,000	SH		SOLE		0	0	48,000
PRINCIPAL FINANCIAL GROUP	COM	74251V102	2,108	41,100	SH		SOLE		0	0	41,100
PROCTER & GAMBLE CO	COM	742718109	3,906	49,930	SH		SOLE		0	0	49,930
QUALCOMM INC	COM	747525103	297	4,750	SH		SOLE		0	0	4,750
RAYTHEON CO	COM	755111507	243	2,542	SH		SOLE		0	0	2,542
REALOGY HOLDINGS CORP.	COM	75605y106	8,513	182,220	SH		SOLE		0	0	182,220
REGIONS FINANCIAL CORP	COM	7591EP100	2,034	196,311	SH		SOLE		0	0	196,311
RYDER SYS INC	COM	783549108	1,158	13,250	SH		SOLE		0	0	13,250
SANDERSON FARMS INC	COM	800013104	413	5,500	SH		SOLE		0	0	5,500
SCHLUMBERGER LTD	COM	806857108	4,662	54,086	SH		SOLE		0	0	54,086
SKYWORKS SOLUTIONS INC	COM	83088M102	986	9,467	SH		SOLE		0	0	9,467
SOUTHERN CO	COM	842587107	448	10,697	SH		SOLE		0	0	10,697
SPECTRUM BRANDS, INC.	COM	84763r101	5,805	56,915	SH		SOLE		0	0	56,915
SPIRIT AEROSYSTEMS HOLDINGS	COM	848574109	386	7,000	SH		SOLE		0	0	7,000
STARBUCKS CORP	COM	855244109	2,076	38,726	SH		SOLE		0	0	38,726
STARWOOD HOTELS & RESORT WORLD	COM	85590A401	2,974	36,680	SH		SOLE		0	0	36,680
STATE STREET CORP	COM	857477103	2,705	35,125	SH		SOLE		0	0	35,125
SUNOCO LOGISTICS PARTNERS LP	COM	86764L108	331	8,700	SH		SOLE		0	0	8,700
SUNTRUST BKS INC	COM	867914103	6,336	147,277	SH		SOLE		0	0	147,277
SYSCO CORP	COM	871829107	301	8,330	SH		SOLE		0	0	8,330
TARGET CORP	COM	87612E106	1,821	22,310	SH		SOLE		0	0	22,310
TIME INC.	COM	887228104	457	19,863	SH		SOLE		0	0	19,863
TIME WARNER CABLE - A	COM	88732J207	894	5,016	SH		SOLE		0	0	5,016
TIME WARNER INC	COM	887317303	3,375	38,616	SH		SOLE		0	0	38,616
TRANSOCEAN LTD.	COM	H8817H100	429	26,615	SH		SOLE		0	0	26,615
TRI POINTE HOMES INC.	COM	87265H109	4,633	302,840	SH		SOLE		0	0	302,840
TWENTY-FIRST CENTURY FOX INC C	COM	90130A101	380	11,675	SH		SOLE		0	0	11,675
U.S. TECHNOLOGIES	COM	91272D309	0	20,000	SH		SOLE		0	0	20,000
UBIQUITI NETWORKS, INC.	COM	90347A100	4,643	145,466	SH		SOLE		0	0	145,466
UNITED PARCEL SERVICE CL B	COM	911312106	1,983	20,458	SH		SOLE		0	0	20,458
UNITED TECHNOLOGIES CP	COM	913017109	2,302	20,752	SH		SOLE		0	0	20,752
UNITEDHEALTH GROUP INC	COM	91324P102	1,071	8,780	SH		SOLE		0	0	8,780
V F CORP	COM	918204108	2,866	41,100	SH		SOLE		0	0	41,100
VISA INC - CLASS A	COM	92826C839	1,602	23,860	SH		SOLE		0	0	23,860
VULCAN MATLS CO	COM	929160109	5,949	70,878	SH		SOLE		0	0	70,878
WAL MART STORES INC	COM	931142103	3,292	46,416	SH		SOLE		0	0	46,416
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	9,131	108,135	SH		SOLE		0	0	108,135
WALT DISNEY CO	COM	254687106	5,227	45,796	SH		SOLE		0	0	45,796
WEATHERFORD INTL PLC COM	COM	G48833100	411	33,500	SH		SOLE		0	0	33,500
WELLS FARGO & CO NEW	COM	949746101	6,328	112,510	SH		SOLE		0	0	112,510
WEST PHARMACEUTICAL SERVICES	COM	955306105	261	4,500	SH		SOLE		0	0	4,500
WEYERHAEUSER CO	COM	962166104	3,542	112,439	SH		SOLE		0	0	112,439
WORLD FUEL SERVICES CORP	COM	981475106	1,389	28,975	SH		SOLE		0	0	28,975
WR BERKLEY CORP	COM	084423102	2,834	54,575	SH		SOLE		0	0	54,575
YUM! BRANDS INC	COM	988498101	299	3,320	SH		SOLE		0	0	3,320
AMEX TECHNOLOGY SECTOR SPDR	ETF	81369Y803	203	4,897	SH		SOLE		0	0	4,897
CLEARBRIDGE ENERGY MLP FUND	ETF	184692101	1,169	50,250	SH		SOLE		0	0	50,250
HEALTH CARE SELECT SECTOR SPDR	ETF	81369y209	1,770	23,799	SH		SOLE		0	0	23,799
ISHARES CDN S&P/TSX 60 INDX FU	ETF	46428D108	203	9,524	SH		SOLE		0	0	9,524
ISHARES DJ SELECT DIVIDEND	ETF	464287168	993	13,218	SH		SOLE		0	0	13,218
ISHARES DJ US HEALTHCARE SEC	ETF	464287762	452	2,850	SH		SOLE		0	0	2,850
ISHARES MSCI GERMANY INDEX	ETF	464286806	3,779	135,550	SH		SOLE		0	0	135,550
ISHARES MSCI PACIFIC EX-JAPAN	ETF	464286665	371	8,550	SH		SOLE		0	0	8,550
ISHARES MSCI UNITED KINGDOM	ETF	46434v548	405	22,218	SH		SOLE		0	0	22,218
ISHARES RUSSELL 1000 INDEX	ETF	464287622	8,559	73,760	SH		SOLE		0	0	73,760
ISHARES RUSSELL TOP 200 GROWTH	ETF	464289438	279	5,350	SH		SOLE		0	0	5,350
ISHARES S&P 100 INDEX FUND	ETF	464287101	308	3,395	SH		SOLE		0	0	3,395
ISHARES S&P GLOBAL INDEX 100	ETF	464287572	1,115	14,820	SH		SOLE		0	0	14,820
ISHARES S&P SMALLCAP 600	ETF	464287804	420	3,565	SH		SOLE		0	0	3,565
ISHARES TR RUSSELL 2000 GROWTH	ETF	464287648	315	2,035	SH		SOLE		0	0	2,035
ISHARES TRUST RUSSELL 2000 IND	ETF	464287655	836	6,699	SH		SOLE		0	0	6,699
ISHARES TRUST S&P 500 INDEX	ETF	464287200	15,942	76,935	SH		SOLE		0	0	76,935
ISHARES TRUST S&P MIDCAP 400	ETF	464287507	2,876	19,176	SH		SOLE		0	0	19,176
KBW REGIONAL BANKING ETF	ETF	78464A698	3,200	72,454	SH		SOLE		0	0	72,454
PHARMACEUTICAL HOLDERS TRUST	ETF	57060U217	620	8,770	SH		SOLE		0	0	8,770
POWERSHARES FTSE RAFI US 1000	ETF	73935X583	1,082	11,935	SH		SOLE		0	0	11,935
POWERSHARES S&P HIGH QUALITY E	ETF	73935X682	2,111	91,673	SH		SOLE		0	0	91,673
RYDEX S&P EQUAL WEIGHT ETF	ETF	78355W106	6,826	85,544	SH		SOLE		0	0	85,544
S & P 500 DEPOSITARY RECEIPT	ETF	78462F103	21,935	106,558	SH		SOLE		0	0	106,558
SPDR DJIA TRUST	ETF	78467X109	1,835	10,435	SH		SOLE		0	0	10,435
SPDR GOLD TRUST	ETF	78463V107	1,947	17,325	SH		SOLE		0	0	17,325
SPDR S&P DIVIDEND ETF	ETF	78464A763	2,339	30,689	SH		SOLE		0	0	30,689
SPDR S&P INT'L DIVIDEND ETF	ETF	78463X772	1,100	26,515	SH		SOLE		0	0	26,515
SPDR S&P MID-CAP 400 ETF TRUST	ETF	78467Y107	33,551	122,808	SH		SOLE		0	0	122,808
VANGUARD DIVIDEND APPRECIATION	ETF	921908844	7,793	99,170	SH		SOLE		0	0	99,170
VANGUARD EMERGING MARKETS	ETF	922042858	2,358	57,671	SH		SOLE		0	0	57,671
VANGUARD ENERGY ETF	ETF	92204a306	518	4,842	SH		SOLE		0	0	4,842
VANGUARD FTSE DEVELOPED MARKET	ETF	921943858	3,718	93,770	SH		SOLE		0	0	93,770
VANGUARD MID CAP ETF	ETF	922908629	6,744	52,925	SH		SOLE		0	0	52,925
VANGUARD MSCI EUROPE ETF	ETF	922042874	3,025	56,043	SH		SOLE		0	0	56,043
VANGUARD REIT ETF	ETF	922908553	2,660	35,610	SH		SOLE		0	0	35,610
VANGUARD S&P 500 ETF	ETF	922908363	1,095	5,800	SH		SOLE		0	0	5,800
VANGUARD TOTAL INTERNATIONAL S	ETF	921909768	674	13,400	SH		SOLE		0	0	13,400
VANGUARD TOTAL STOCK MARKET ET	ETF	922908769	244	2,284	SH		SOLE		0	0	2,284
WISDOMTREE DIVIDEND EX-FIN ETF	ETF	97717W406	913	12,405	SH		SOLE		0	0	12,405
WISDOMTREE EUROPE HEDGED EQUIT	ETF	97717X701	677	10,995	SH		SOLE		0	0	10,995
WISDOMTREE EUROPE SMALL CAP DI	ETF	97717W869	286	5,000	SH		SOLE		0	0	5,000
WISDOMTREE JAPAN HEDGED EQUITY	ETF	97717w851	235	4,111	SH		SOLE		0	0	4,111
AMERICAN RLTY CAP PROP INC	CL END	02917t104	86	10,582	SH		SOLE		0	0	10,582
EQUITY RESIDENTIAL PROPERTIES	CL END	29476L107	261	3,720	SH		SOLE		0	0	3,720
FEDERAL REALTY INV TRUST	CL END	313747206	270	2,105	SH		SOLE		0	0	2,105
HEALTH CARE REIT INC COM	CL END	42217K106	345	5,250	SH		SOLE		0	0	5,250
REDWOOD TRUST, INC.	CL END	758075402	5,710	363,670	SH		SOLE		0	0	363,670
ASTRAZENECA PLC - SPONS ADR	FOR	046353108	299	4,700	SH		SOLE		0	0	4,700
BLACKBERRY LIMITED	FOR	09228f103	114	13,950	SH		SOLE		0	0	13,950
BP AMOCO PLC - SPONS ADR	FOR	055622104	344	8,598	SH		SOLE		0	0	8,598
CREDIT SUISSE GROUP-SPON ADR	FOR	225401108	3,559	128,962	SH		SOLE		0	0	128,962
DIAGEO PLC-SPONSORED ADR NEW	FOR	25243Q205	3,933	33,892	SH		SOLE		0	0	33,892
NESTLE S A - ADR REG SHS	FOR	641069406	3,911	54,154	SH		SOLE		0	0	54,154
NOVARTIS AG-ADR	FOR	66987V109	3,992	40,589	SH		SOLE		0	0	40,589
NXP SEMICONDUCTORS NV	FOR	N6596X109	3,933	40,055	SH		SOLE		0	0	40,055
PHILIP MORRIS INTL INC COM	FOR	718172109	1,342	16,737	SH		SOLE		0	0	16,737
ROCHE HLDG LTD SPONSORED ADR	FOR	771195104	227	6,480	SH		SOLE		0	0	6,480
ROYAL DUTCH SHELL PLC	FOR	780259206	9,131	160,161	SH		SOLE		0	0	160,161
ROYAL DUTCH SHELL PLC B	FOR	780259107	1,245	21,710	SH		SOLE		0	0	21,710
SANOFI-AVENTIS	FOR	80105N105	362	7,300	SH		SOLE		0	0	7,300
SIEMENS AG SPONS ADR	FOR	826197501	2,134	21,195	SH		SOLE		0	0	21,195
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	5,305	SH		SOLE		0	0	5,305
VODAFONE GROUP PLC SP ADR	FOR	92857w308	236	6,479	SH		SOLE		0	0	6,479
WILLIS GROUP HOLDINGS PLC	FOR	G96666105	2,949	62,870	SH		SOLE		0	0	62,870
WPP GROUP PLC	FOR	92937A102	485	4,300	SH		SOLE		0	0	4,300