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	2,397	13,423	SH		SOLE		0	0	13,423
ABBOTT LABS	COM	002824100	2,328	60,622	SH		SOLE		0	0	60,622
ABBVIE INC.	COM	00287y109	4,420	70,591	SH		SOLE		0	0	70,591
ACCENTURE PLC	COM	G1151C101	1,013	8,646	SH		SOLE		0	0	8,646
ACUITY BRANDS INC	COM	00508Y102	282	1,220	SH		SOLE		0	0	1,220
ADOBE SYSTEMS INC	COM	00724F101	5,301	51,491	SH		SOLE		0	0	51,491
AETNA INC - NEW	COM	00817Y108	611	4,930	SH		SOLE		0	0	4,930
AIR PRODS & CHEMS INC	COM	009158106	669	4,650	SH		SOLE		0	0	4,650
AKAMAI TECHNOLOGIES, INC.	COM	00971T101	9,057	135,822	SH		SOLE		0	0	135,822
ALASKA AIR GROUP INC	COM	011659109	6,989	78,763	SH		SOLE		0	0	78,763
ALLEGHANY CORP DEL	COM	017175100	687	1,130	SH		SOLE		0	0	1,130
ALPHABET, INC. CL A	COM	02079K305	4,514	5,696	SH		SOLE		0	0	5,696
ALPHABET, INC. CL C	COM	02079K107	12,072	15,641	SH		SOLE		0	0	15,641
ALTRIA GROUP INC	COM	02209S103	622	9,202	SH		SOLE		0	0	9,202
AMAZON COM INC	COM	023135106	3,527	4,704	SH		SOLE		0	0	4,704
AMBAC FINANCIAL GROUP INC.	COM	023139884	225	10,000	SH		SOLE		0	0	10,000
AMERICAN EXPRESS CO	COM	025816109	461	6,219	SH		SOLE		0	0	6,219
AMERICAN INTL GROUP	COM	026874784	9,339	142,997	SH		SOLE		0	0	142,997
AMERISOURCEBERGEN CORP.	COM	03073E105	3,176	40,620	SH		SOLE		0	0	40,620
AMGEN INC	COM	031162100	600	4,107	SH		SOLE		0	0	4,107
ANALOG DEVICES INC	COM	032654105	415	5,717	SH		SOLE		0	0	5,717
APPLE COMPUTER INC	COM	037833100	10,643	91,895	SH		SOLE		0	0	91,895
APPLIED MATLS INC	COM	038222105	224	6,945	SH		SOLE		0	0	6,945
AT&T INC	COM	00206R102	920	21,621	SH		SOLE		0	0	21,621
AUTOMATIC DATA PROCESS	COM	053015103	473	4,600	SH		SOLE		0	0	4,600
BANK NEW YORK MELLON CORP	COM	064058100	261	5,501	SH		SOLE		0	0	5,501
BANK OF AMERICA CORP	COM	060505104	6,271	283,758	SH		SOLE		0	0	283,758
BARD C R INC	COM	067383109	483	2,150	SH		SOLE		0	0	2,150
BB&T CORP	COM	054937107	1,127	23,970	SH		SOLE		0	0	23,970
BECTON DICKINSON & CO	COM	075887109	981	5,927	SH		SOLE		0	0	5,927
BERKSHIRE HATHAWAY INC CL A	COM	084670108	1,221	5	SH		SOLE		0	0	5
BERKSHIRE HATHAWAY INC CL B	COM	084670702	4,256	26,113	SH		SOLE		0	0	26,113
BOEING CO	COM	097023105	8,394	53,918	SH		SOLE		0	0	53,918
BORGWARNER, INC.	COM	099724106	5,992	151,921	SH		SOLE		0	0	151,921
BRISTOL MYERS SQUIBB	COM	110122108	805	13,782	SH		SOLE		0	0	13,782
CABELAS INC COM	COM	126804301	425	7,260	SH		SOLE		0	0	7,260
CAPITAL ONE FINANCIAL CORP.	COM	14040H105	2,046	23,450	SH		SOLE		0	0	23,450
CBRE GROUP, INC.	COM	12504L109	1,764	56,030	SH		SOLE		0	0	56,030
CHEVRON TEXACO CORP	COM	166764100	7,860	66,782	SH		SOLE		0	0	66,782
CHUBB LTD	COM	H1467J104	3,709	28,070	SH		SOLE		0	0	28,070
CISCO SYS INC	COM	17275R102	4,842	160,211	SH		SOLE		0	0	160,211
CITIGROUP INC	COM	172967424	4,440	74,711	SH		SOLE		0	0	74,711
CME GROUP INC	COM	12572Q105	217	1,882	SH		SOLE		0	0	1,882
COCA COLA CO	COM	191216100	32,872	792,855	SH		SOLE		0	0	792,855
COLGATE PALMOLIVE CO	COM	194162103	1,418	21,666	SH		SOLE		0	0	21,666
CONNECTURE, INC.	COM	20786J106	97	57,527	SH		SOLE		0	0	57,527
CONOCOPHILIPS	COM	20825C104	3,813	76,040	SH		SOLE		0	0	76,040
COPART INC	COM	217204106	2,019	36,435	SH		SOLE		0	0	36,435
CORNING INC	COM	219350105	2,840	117,015	SH		SOLE		0	0	117,015
COSTCO WHOLESALE CORP	COM	22160K105	2,112	13,190	SH		SOLE		0	0	13,190
CRANE COMPANY	COM	224399105	503	6,975	SH		SOLE		0	0	6,975
CVS CAREMARK CORP.	COM	126650100	5,672	71,880	SH		SOLE		0	0	71,880
DELTA AIR LINES INC	COM	247361702	2,001	40,680	SH		SOLE		0	0	40,680
DISH NETWORK CORP. CORP A	COM	25470M109	1,921	33,164	SH		SOLE		0	0	33,164
DOMINION RES VA NEW	COM	25746U109	358	4,673	SH		SOLE		0	0	4,673
DU PONT E I DE NEMOURS	COM	263534109	811	11,044	SH		SOLE		0	0	11,044
DUKE ENERGY CORP	COM	26441C204	738	9,503	SH		SOLE		0	0	9,503
EASTMAN CHEM CO	COM	277432100	2,359	31,360	SH		SOLE		0	0	31,360
EATON VANCE CORP COM NON VTG	COM	278265103	1,371	32,735	SH		SOLE		0	0	32,735
EBAY INC	COM	278642103	343	11,555	SH		SOLE		0	0	11,555
EDWARDS LIFESCIENCES	COM	28176E108	3,085	32,920	SH		SOLE		0	0	32,920
EMERSON ELEC CO	COM	291011104	924	16,569	SH		SOLE		0	0	16,569
ENTERPRISE PRODUCTS PARTNERS	COM	293792107	315	11,633	SH		SOLE		0	0	11,633
EOG RESOURCES INC	COM	26875P101	4,012	39,680	SH		SOLE		0	0	39,680
EQUIFAX INC	COM	294429105	12,042	101,855	SH		SOLE		0	0	101,855
EXPRESS SCRIPTS HOLDING CO.	COM	30219G108	931	13,537	SH		SOLE		0	0	13,537
EXXON MOBIL CORP	COM	30231G102	9,311	103,157	SH		SOLE		0	0	103,157
FACEBOOK INC-A	COM	30303m102	385	3,345	SH		SOLE		0	0	3,345
FIDELITY NATIONAL INFORMATION	COM	31620M106	529	7,000	SH		SOLE		0	0	7,000
FIRSTENERGY CORP	COM	337932107	243	7,835	SH		SOLE		0	0	7,835
FISERV INC	COM	337738108	6,801	63,988	SH		SOLE		0	0	63,988
FORTIVE CORPORATION	COM	34959J108	2,368	44,160	SH		SOLE		0	0	44,160
GENERAL ELEC CO	COM	369604103	11,390	360,438	SH		SOLE		0	0	360,438
GENUINE PARTS CO	COM	372460105	3,281	34,338	SH		SOLE		0	0	34,338
GLOBAL ENERGY HOLDINGS GROUP	COM	37991A100	0	11,700	SH		SOLE		0	0	11,700
HALLIBURTON CO	COM	406216101	1,009	18,650	SH		SOLE		0	0	18,650
HALYARD HEALTH INC	COM	40650V100	370	10,000	SH		SOLE		0	0	10,000
HARRIS CORP DEL	COM	413875105	599	5,841	SH		SOLE		0	0	5,841
HD SUPPLY HOLDINGS, INC.	COM	40416M105	9,154	215,327	SH		SOLE		0	0	215,327
HELMERICH & PAYNE INC	COM	423452101	341	4,402	SH		SOLE		0	0	4,402
HILTON HOTELS CORP	COM	43300A104	348	12,800	SH		SOLE		0	0	12,800
HOME DEPOT INC	COM	437076102	11,202	83,546	SH		SOLE		0	0	83,546
HONEYWELL INTL INC	COM	438516106	1,170	10,102	SH		SOLE		0	0	10,102
HUNTINGTON INGALLS INDUSTRIES	COM	446413106	816	4,430	SH		SOLE		0	0	4,430
INGERSOLL-RAND CO CL A	COM	G47791101	697	9,283	SH		SOLE		0	0	9,283
INTEL CORP	COM	458140100	2,779	76,620	SH		SOLE		0	0	76,620
INTERNATIONAL BUS MACH	COM	459200101	7,301	43,987	SH		SOLE		0	0	43,987
INTERPUBLIC GROUP COS	COM	460690100	431	18,400	SH		SOLE		0	0	18,400
JOHNSON & JOHNSON	COM	478160104	12,015	104,288	SH		SOLE		0	0	104,288
JP MORGAN CHASE & CO	COM	46625H100	8,336	96,607	SH		SOLE		0	0	96,607
KIMBERLY CLARK CORP	COM	494368103	1,663	14,572	SH		SOLE		0	0	14,572
KRAFT HEINZ COMPANY	COM	500754106	1,171	13,408	SH		SOLE		0	0	13,408
LAM RESEARCH CORP	COM	512807108	236	2,235	SH		SOLE		0	0	2,235
LILLY ELI & CO	COM	532457108	3,785	51,460	SH		SOLE		0	0	51,460
LKQ CORP	COM	501889208	5,309	173,200	SH		SOLE		0	0	173,200
LOCKHEED MARTIN CORP	COM	539830109	3,199	12,799	SH		SOLE		0	0	12,799
LOWES COS INC	COM	548661107	358	5,027	SH		SOLE		0	0	5,027
MAGELLAN MIDSTREAM PARTNERS, L	COM	559080106	303	4,000	SH		SOLE		0	0	4,000
MARATHON PETROLEUM CORP	COM	56585A102	872	17,312	SH		SOLE		0	0	17,312
MARKEL CORP	COM	570535104	5,825	6,440	SH		SOLE		0	0	6,440
MARRIOTT INTL INC NEW CL A	COM	571903202	5,949	71,949	SH		SOLE		0	0	71,949
MARSH & MCLENNAN COS	COM	571748102	356	5,260	SH		SOLE		0	0	5,260
MARTIN MARIETTA MATERIALS INC	COM	573284106	1,037	4,680	SH		SOLE		0	0	4,680
MARVELL TECHNOLOGY GROUP LTD	COM	G5876H105	7,598	547,805	SH		SOLE		0	0	547,805
MASCO CORP	COM	574599106	4,412	139,526	SH		SOLE		0	0	139,526
MCDONALDS CORP	COM	580135101	1,066	8,758	SH		SOLE		0	0	8,758
MCKESSON CORP	COM	58155Q103	581	4,138	SH		SOLE		0	0	4,138
MEAD JOHNSON NUTRI CO COM CL A	COM	582839106	567	8,015	SH		SOLE		0	0	8,015
MEDTRONIC PLC	COM	G5960L103	342	4,801	SH		SOLE		0	0	4,801
MERCK & CO INC	COM	58933Y105	12,235	207,832	SH		SOLE		0	0	207,832
METLIFE, INC.	COM	59156R108	7,050	130,820	SH		SOLE		0	0	130,820
MICROSOFT CORP	COM	594918104	9,876	158,925	SH		SOLE		0	0	158,925
MOLSON COORS BREWING CO.	COM	60871R209	262	2,690	SH		SOLE		0	0	2,690
MONDELEZ INTERNATIONAL INC	COM	609207105	1,935	43,657	SH		SOLE		0	0	43,657
MORGAN STANLEY DEAN WITTER COM	COM	617446448	2,794	66,138	SH		SOLE		0	0	66,138
NABORS INDS INC	COM	G6359F103	204	12,450	SH		SOLE		0	0	12,450
NATIONAL-OILWELL VARCO, INC.	COM	637071101	527	14,083	SH		SOLE		0	0	14,083
NEXTERA ENERGY INC COM	COM	65339F101	1,735	14,526	SH		SOLE		0	0	14,526
NIKE INC CL B	COM	654106103	2,668	52,495	SH		SOLE		0	0	52,495
NORFOLK SOUTHERN CORP	COM	655844108	777	7,190	SH		SOLE		0	0	7,190
NORTHROP GRUMMAN CORP	COM	666807102	523	2,250	SH		SOLE		0	0	2,250
NVIDIA CORP	COM	67066G104	223	2,090	SH		SOLE		0	0	2,090
OMNICOM GROUP INC	COM	681919106	2,383	28,000	SH		SOLE		0	0	28,000
ORACLE CORP	COM	68389X105	3,463	90,053	SH		SOLE		0	0	90,053
PEPSICO INC	COM	713448108	6,559	62,689	SH		SOLE		0	0	62,689
PFIZER INC	COM	717081103	6,205	191,055	SH		SOLE		0	0	191,055
PHILLIPS 66	COM	718546104	412	4,767	SH		SOLE		0	0	4,767
PNC FINANCIAL SVCS GROUP	COM	693475105	864	7,384	SH		SOLE		0	0	7,384
PPG INDS INC	COM	693506107	884	9,326	SH		SOLE		0	0	9,326
PPL CORP.	COM	69351T106	970	28,475	SH		SOLE		0	0	28,475
PRINCIPAL FINANCIAL GROUP	COM	74251V102	2,047	35,370	SH		SOLE		0	0	35,370
PROCTER & GAMBLE CO	COM	742718109	6,945	82,605	SH		SOLE		0	0	82,605
QORVO, INC.	COM	74736K101	5,071	96,160	SH		SOLE		0	0	96,160
RAYTHEON CO	COM	755111507	361	2,542	SH		SOLE		0	0	2,542
RYDER SYS INC	COM	783549108	1,280	17,200	SH		SOLE		0	0	17,200
SANDERSON FARMS INC	COM	800013104	518	5,500	SH		SOLE		0	0	5,500
SCHLUMBERGER LTD	COM	806857108	4,172	49,702	SH		SOLE		0	0	49,702
SHUTTERFLY, INC.	COM	82568P304	241	4,800	SH		SOLE		0	0	4,800
SITEONE LANDSCAPE SUPPLY, INC.	COM	82982L103	1,354	38,990	SH		SOLE		0	0	38,990
SKYWORKS SOLUTIONS INC	COM	83088M102	677	9,067	SH		SOLE		0	0	9,067
SOUTHERN CO	COM	842587107	561	11,412	SH		SOLE		0	0	11,412
SOUTHWEST AIRLS CO	COM	844741108	4,971	99,740	SH		SOLE		0	0	99,740
SPECTRUM BRANDS, INC.	COM	84763r101	4,712	38,520	SH		SOLE		0	0	38,520
SPIRIT AEROSYSTEMS HOLDINGS	COM	848574109	1,147	19,650	SH		SOLE		0	0	19,650
SPRINT NEXTEL CORP	COM	85207U105	1,306	155,059	SH		SOLE		0	0	155,059
STARBUCKS CORP	COM	855244109	1,844	33,208	SH		SOLE		0	0	33,208
STATE STREET CORP	COM	857477103	2,870	36,925	SH		SOLE		0	0	36,925
SUNOCO LOGISTICS PARTNERS LP	COM	86764L108	209	8,700	SH		SOLE		0	0	8,700
SUNOPTA, INC	COM	8676EP108	573	81,255	SH		SOLE		0	0	81,255
SUNTRUST BKS INC	COM	867914103	11,325	206,475	SH		SOLE		0	0	206,475
SYSCO CORP	COM	871829107	395	7,136	SH		SOLE		0	0	7,136
TARGET CORP	COM	87612E106	821	11,360	SH		SOLE		0	0	11,360
TESORO CORP.	COM	881609101	429	4,900	SH		SOLE		0	0	4,900
TEXAS INSTRS INC	COM	882508104	554	7,586	SH		SOLE		0	0	7,586
TIME WARNER INC	COM	887317303	3,737	38,714	SH		SOLE		0	0	38,714
TOPBUILD CORP	COM	89055F103	212	5,942	SH		SOLE		0	0	5,942
TORCHMARK CORP	COM	891027104	494	6,697	SH		SOLE		0	0	6,697
TRANSOCEAN LTD.	COM	H8817H100	206	13,950	SH		SOLE		0	0	13,950
TRI POINTE HOMES INC.	COM	87265H109	285	24,801	SH		SOLE		0	0	24,801
U.S. TECHNOLOGIES	COM	91272D309	0	20,000	SH		SOLE		0	0	20,000
UNDER ARMOUR, INC. CLASS A	COM	904311107	1,076	37,025	SH		SOLE		0	0	37,025
UNION PAC CORP	COM	907818108	6,004	57,913	SH		SOLE		0	0	57,913
UNITED PARCEL SERVICE CL B	COM	911312106	6,288	54,850	SH		SOLE		0	0	54,850
UNITED RENTALS INC.	COM	911363109	6,767	64,089	SH		SOLE		0	0	64,089
UNITED TECHNOLOGIES CP	COM	913017109	2,457	22,413	SH		SOLE		0	0	22,413
UNITEDHEALTH GROUP INC	COM	91324P102	4,259	26,610	SH		SOLE		0	0	26,610
V F CORP	COM	918204108	2,166	40,600	SH		SOLE		0	0	40,600
VALERO ENERGY	COM	91913Y100	838	12,260	SH		SOLE		0	0	12,260
VISA INC - CLASS A	COM	92826C839	3,677	47,123	SH		SOLE		0	0	47,123
VULCAN MATLS CO	COM	929160109	6,579	52,570	SH		SOLE		0	0	52,570
WAL MART STORES INC	COM	931142103	6,171	89,286	SH		SOLE		0	0	89,286
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	8,031	97,043	SH		SOLE		0	0	97,043
WALT DISNEY CO	COM	254687106	1,694	16,250	SH		SOLE		0	0	16,250
WEATHERFORD INTL PLC COM	COM	G48833100	97	19,500	SH		SOLE		0	0	19,500
WELLS FARGO & CO NEW	COM	949746101	5,227	94,845	SH		SOLE		0	0	94,845
WEST PHARMACEUTICAL SERVICES	COM	955306105	288	3,400	SH		SOLE		0	0	3,400
WEYERHAEUSER CO	COM	962166104	3,008	99,981	SH		SOLE		0	0	99,981
WR BERKLEY CORP	COM	084423102	3,342	50,250	SH		SOLE		0	0	50,250
AMEX ENERGY SECTOR SPDR	ETF	81369Y506	930	12,350	SH		SOLE		0	0	12,350
AMEX FINANCIAL SECTOR SPDR	ETF	81369Y605	9,358	402,493	SH		SOLE		0	0	402,493
HEALTH CARE SELECT SECTOR SPDR	ETF	81369y209	1,413	20,495	SH		SOLE		0	0	20,495
ISHARES CDN S&P/TSX 60 INDX FU	ETF	46428D108	219	9,693	SH		SOLE		0	0	9,693
ISHARES DJ SELECT DIVIDEND	ETF	464287168	1,033	11,668	SH		SOLE		0	0	11,668
ISHARES DJ US HEALTHCARE SEC	ETF	464287762	654	4,540	SH		SOLE		0	0	4,540
ISHARES MSCI PACIFIC EX-JAPAN	ETF	464286665	352	8,900	SH		SOLE		0	0	8,900
ISHARES RUSSELL 1000 INDEX	ETF	464287622	8,974	72,100	SH		SOLE		0	0	72,100
ISHARES RUSSELL TOP 200 GROWTH	ETF	464289438	245	4,350	SH		SOLE		0	0	4,350
ISHARES S&P 100 INDEX FUND	ETF	464287101	366	3,690	SH		SOLE		0	0	3,690
ISHARES S&P GLOBAL INDEX 100	ETF	464287572	583	7,605	SH		SOLE		0	0	7,605
ISHARES S&P SMALLCAP 600	ETF	464287804	16,222	117,962	SH		SOLE		0	0	117,962
ISHARES TR RUSSELL 2000 GROWTH	ETF	464287648	309	2,010	SH		SOLE		0	0	2,010
ISHARES TRUST RUSSELL 2000 IND	ETF	464287655	12,209	90,541	SH		SOLE		0	0	90,541
ISHARES TRUST S&P 500 INDEX	ETF	464287200	43,059	191,382	SH		SOLE		0	0	191,382
ISHARES TRUST S&P MIDCAP 400	ETF	464287507	2,641	15,976	SH		SOLE		0	0	15,976
JPMORGAN ALERIAN MLP ETN	ETF	46625H365	1,012	32,000	SH		SOLE		0	0	32,000
KBW REGIONAL BANKING ETF	ETF	78464A698	4,137	74,440	SH		SOLE		0	0	74,440
POWERSHARES FTSE RAFI US 1000	ETF	73935X583	1,205	12,105	SH		SOLE		0	0	12,105
POWERSHARES S&P HIGH QUALITY E	ETF	73935X682	2,264	87,116	SH		SOLE		0	0	87,116
RYDEX S&P EQUAL WEIGHT ETF	ETF	78355W106	8,027	92,644	SH		SOLE		0	0	92,644
S & P 500 DEPOSITARY RECEIPT	ETF	78462F103	55,302	247,401	SH		SOLE		0	0	247,401
SPDR DJIA TRUST	ETF	78467X109	2,061	10,435	SH		SOLE		0	0	10,435
SPDR GOLD TRUST	ETF	78463V107	1,750	15,965	SH		SOLE		0	0	15,965
SPDR OIL & GAS EQUIP & SERVICE	ETF	78464A748	3,779	169,096	SH		SOLE		0	0	169,096
SPDR S&P DIVIDEND ETF	ETF	78464A763	2,754	32,184	SH		SOLE		0	0	32,184
SPDR S&P MID-CAP 400 ETF TRUST	ETF	78467Y107	47,846	158,571	SH		SOLE		0	0	158,571
VANGUARD DIVIDEND APPRECIATION	ETF	921908844	8,606	101,028	SH		SOLE		0	0	101,028
VANGUARD EMERGING MARKETS	ETF	922042858	3,099	86,615	SH		SOLE		0	0	86,615
VANGUARD FTSE DEVELOPED MARKET	ETF	921943858	4,185	114,520	SH		SOLE		0	0	114,520
VANGUARD MID CAP ETF	ETF	922908629	8,399	63,805	SH		SOLE		0	0	63,805
VANGUARD MSCI EUROPE ETF	ETF	922042874	2,032	42,384	SH		SOLE		0	0	42,384
VANGUARD REIT ETF	ETF	922908553	5,496	66,592	SH		SOLE		0	0	66,592
VANGUARD S&P 500 ETF	ETF	922908363	691	3,367	SH		SOLE		0	0	3,367
VANGUARD TOTAL INTERNATIONAL S	ETF	921909768	615	13,400	SH		SOLE		0	0	13,400
VANGUARD TOTAL STOCK MARKET ET	ETF	922908769	268	2,326	SH		SOLE		0	0	2,326
WISDOMTREE DIVIDEND EX-FIN ETF	ETF	97717W406	1,041	12,955	SH		SOLE		0	0	12,955
EMPIRE STATE REALTY OP LP SERI	CL END	292102209	215	10,737	SH		SOLE		0	0	10,737
EQUITY RESIDENTIAL PROPERTIES	CL END	29476L107	239	3,720	SH		SOLE		0	0	3,720
FEDERAL REALTY INV TRUST	CL END	313747206	299	2,105	SH		SOLE		0	0	2,105
GGP INC	CL END	370023103	1,756	70,280	SH		SOLE		0	0	70,280
HEALTH CARE REIT INC COM	CL END	95040Q104	335	5,000	SH		SOLE		0	0	5,000
HOWARD HUGHES CORPORATION	CL END	44267D107	365	3,200	SH		SOLE		0	0	3,200
MID-AMER APT CMNTYS INC	CL END	59522J103	204	2,087	SH		SOLE		0	0	2,087
REDWOOD TRUST, INC.	CL END	758075402	1,161	76,350	SH		SOLE		0	0	76,350
VEREIT INC	CL END	92339v100	90	10,582	SH		SOLE		0	0	10,582
ALLERGAN PLC	FOR	G0177J108	529	2,520	SH		SOLE		0	0	2,520
ASTRAZENECA PLC - SPONS ADR	FOR	046353108	257	9,400	SH		SOLE		0	0	9,400
BP AMOCO PLC - SPONS ADR	FOR	055622104	3,299	88,259	SH		SOLE		0	0	88,259
DIAGEO PLC-SPONSORED ADR NEW	FOR	25243Q205	3,087	29,701	SH		SOLE		0	0	29,701
NESTLE S A - ADR REG SHS	FOR	641069406	3,904	54,312	SH		SOLE		0	0	54,312
NOVARTIS AG-ADR	FOR	66987V109	525	7,204	SH		SOLE		0	0	7,204
NXP SEMICONDUCTORS NV	FOR	N6596X109	3,998	40,795	SH		SOLE		0	0	40,795
PHILIP MORRIS INTL INC COM	FOR	718172109	1,483	16,209	SH		SOLE		0	0	16,209
RIO TINTO PLC SPONSORED ADR	FOR	767204100	3,987	103,665	SH		SOLE		0	0	103,665
ROYAL DUTCH SHELL PLC	FOR	780259206	4,488	82,525	SH		SOLE		0	0	82,525
ROYAL DUTCH SHELL PLC B	FOR	780259107	374	6,450	SH		SOLE		0	0	6,450
SANOFI-AVENTIS	FOR	80105N105	295	7,300	SH		SOLE		0	0	7,300
SIEMENS AG SPONS ADR	FOR	826197501	3,403	27,625	SH		SOLE		0	0	27,625
UNILEVER N V N Y SHS NEW	FOR	904784709	211	5,150	SH		SOLE		0	0	5,150
WILLIS TOWERS WATSON PUBLIC LI	FOR	G96629103	2,297	18,786	SH		SOLE		0	0	18,786
WPP GROUP PLC	FOR	92937A102	1,465	13,241	SH		SOLE		0	0	13,241