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	3,172	13,475	SH		SOLE		0	0	13,475
ABBOTT LABS	COM	002824100	3,534	61,932	SH		SOLE		0	0	61,932
ABBVIE INC.	COM	00287y109	6,731	69,599	SH		SOLE		0	0	69,599
ACCENTURE PLC	COM	G1151C101	1,324	8,646	SH		SOLE		0	0	8,646
ADOBE SYS INC COM	COM	00724F101	7,568	43,186	SH		SOLE		0	0	43,186
AETNA INC - NEW	COM	00817Y108	261	1,448	SH		SOLE		0	0	1,448
AIR PRODS & CHEMS INC	COM	009158106	763	4,650	SH		SOLE		0	0	4,650
ALIBABA GROUP HOLDING	COM	01609W102	1,715	9,946	SH		SOLE		0	0	9,946
ALLEGHANY CORP DEL	COM	017175100	788	1,322	SH		SOLE		0	0	1,322
ALLSTATE CORP	COM	020002101	268	2,560	SH		SOLE		0	0	2,560
ALPHABET INC CAP STK CL A	COM	02079K305	5,833	5,537	SH		SOLE		0	0	5,537
ALPHABET INC CAP STK CL C	COM	02079K107	14,019	13,397	SH		SOLE		0	0	13,397
ALTRIA GROUP INC	COM	02209S103	657	9,202	SH		SOLE		0	0	9,202
AMAZON COM INC	COM	023135106	4,752	4,063	SH		SOLE		0	0	4,063
AMERICAN EXPRESS CO	COM	025816109	591	5,953	SH		SOLE		0	0	5,953
AMERICAN INTL GROUP	COM	026874784	4,951	83,094	SH		SOLE		0	0	83,094
AMERICAN WATER WORKS	COM	030420103	827	9,043	SH		SOLE		0	0	9,043
AMERISOURCEBERGEN CORP.	COM	03073E105	1,878	20,453	SH		SOLE		0	0	20,453
AMGEN INC	COM	031162100	1,004	5,773	SH		SOLE		0	0	5,773
ANALOG DEVICES INC	COM	032654105	683	7,670	SH		SOLE		0	0	7,670
ANTHEM INC	COM	036752103	1,591	7,073	SH		SOLE		0	0	7,073
APPLE INC COM	COM	037833100	15,157	89,567	SH		SOLE		0	0	89,567
APPLIED MATLS INC	COM	038222105	270	5,282	SH		SOLE		0	0	5,282
ARTISAN PARTNERS ASSET MGMT	COM	04316A108	583	14,750	SH		SOLE		0	0	14,750
AT&T INC	COM	00206R102	834	21,455	SH		SOLE		0	0	21,455
AUTOMATIC DATA PROCESS	COM	053015103	615	5,250	SH		SOLE		0	0	5,250
BANC OF CALIFORNIA INC COM	COM	05990K106	9,423	456,336	SH		SOLE		0	0	456,336
BANK AMER CORP COM	COM	060505104	8,048	272,622	SH		SOLE		0	0	272,622
BANK NEW YORK MELLON CORP	COM	064058100	4,721	87,655	SH		SOLE		0	0	87,655
BB&T CORP	COM	054937107	1,200	24,136	SH		SOLE		0	0	24,136
BECTON DICKINSON & CO	COM	075887109	1,709	7,984	SH		SOLE		0	0	7,984
BERKSHIRE HATHAWAY INC CL A	COM	084670108	1,488	5	SH		SOLE		0	0	5
BERKSHIRE HATHAWAY INC CL B	COM	084670702	6,147	31,011	SH		SOLE		0	0	31,011
BOEING CO COM	COM	097023105	9,685	32,841	SH		SOLE		0	0	32,841
BORGWARNER INC COM	COM	099724106	6,964	136,310	SH		SOLE		0	0	136,310
BRIGHTHOUSE FINANCIAL INC	COM	10922N103	214	3,646	SH		SOLE		0	0	3,646
BRISTOL MYERS SQUIBB	COM	110122108	954	15,563	SH		SOLE		0	0	15,563
CAPITAL ONE FINANCIAL CORP.	COM	14040H105	1,932	19,400	SH		SOLE		0	0	19,400
CATERPILLAR INC DEL	COM	149123101	1,445	9,171	SH		SOLE		0	0	9,171
CBRE GROUP INC CL A	COM	12504L109	2,124	49,042	SH		SOLE		0	0	49,042
CELGENE CORP.	COM	151020104	498	4,776	SH		SOLE		0	0	4,776
CHEVRON TEXACO CORP	COM	166764100	11,906	95,101	SH		SOLE		0	0	95,101
CHUBB LTD	COM	H1467J104	2,161	14,789	SH		SOLE		0	0	14,789
CINTAS CORP	COM	172908105	710	4,555	SH		SOLE		0	0	4,555
CISCO SYS INC COM	COM	17275R102	11,558	301,768	SH		SOLE		0	0	301,768
CITIGROUP INC COM NEW	COM	172967424	11,444	153,801	SH		SOLE		0	0	153,801
CME GROUP INC	COM	12572Q105	369	2,526	SH		SOLE		0	0	2,526
COCA COLA CO COM	COM	191216100	36,243	789,961	SH		SOLE		0	0	789,961
COLGATE PALMOLIVE CO	COM	194162103	1,601	21,216	SH		SOLE		0	0	21,216
CONNECTURE, INC.	COM	20786J106	9	57,527	SH		SOLE		0	0	57,527
CONOCOPHILIPS	COM	20825C104	6,215	113,222	SH		SOLE		0	0	113,222
COPART INC	COM	217204106	3,303	76,485	SH		SOLE		0	0	76,485
CORNING INC	COM	219350105	2,160	67,506	SH		SOLE		0	0	67,506
COSTCO WHOLESALE CORP	COM	22160K105	2,436	13,090	SH		SOLE		0	0	13,090
CRANE COMPANY	COM	224399105	622	6,975	SH		SOLE		0	0	6,975
CSX CORP	COM	126408103	1,766	32,100	SH		SOLE		0	0	32,100
CVS HEALTH CORP.	COM	126650100	2,707	37,337	SH		SOLE		0	0	37,337
DANAHER CORP DEL	COM	235851102	684	7,369	SH		SOLE		0	0	7,369
DELTA AIR LINES INC DEL COM NE	COM	247361702	3,775	67,406	SH		SOLE		0	0	67,406
DIGITAL REALTY TRUST, INC.	COM	253868103	552	4,846	SH		SOLE		0	0	4,846
DISCOVERY COMMUNICATNS NEW COM	COM	25470F104	5,136	229,508	SH		SOLE		0	0	229,508
DOLLAR GEN CORP NEW COM	COM	256677105	858	9,230	SH		SOLE		0	0	9,230
DOLLAR TREE, INC.	COM	256746108	5,745	53,535	SH		SOLE		0	0	53,535
DOMINION RES VA NEW	COM	25746U109	388	4,790	SH		SOLE		0	0	4,790
DOVER CORP	COM	260003108	3,262	32,300	SH		SOLE		0	0	32,300
DOWDUPONT INC	COM	26078j100	1,196	16,800	SH		SOLE		0	0	16,800
DR HORTON INC	COM	23331A109	1,242	24,328	SH		SOLE		0	0	24,328
DUKE ENERGY CORP	COM	26441C204	783	9,304	SH		SOLE		0	0	9,304
DYCOM INDUSTRIES INC	COM	267475101	7,735	69,417	SH		SOLE		0	0	69,417
EASTMAN CHEM CO	COM	277432100	3,432	37,050	SH		SOLE		0	0	37,050
EATON CORPORATION, PLC	COM	G29183103	201	2,540	SH		SOLE		0	0	2,540
EATON VANCE CORP COM NON VTG	COM	278265103	1,598	28,335	SH		SOLE		0	0	28,335
EBAY INC	COM	278642103	436	11,555	SH		SOLE		0	0	11,555
EDWARDS LIFESCIENCES	COM	28176E108	3,026	26,850	SH		SOLE		0	0	26,850
EMERSON ELEC CO COM	COM	291011104	899	12,896	SH		SOLE		0	0	12,896
ENERGY TRANSFER PARTNERS LP	COM	29278n103	183	10,210	SH		SOLE		0	0	10,210
ENTERPRISE PRODUCTS PARTNERS	COM	293792107	404	15,254	SH		SOLE		0	0	15,254
EOG RESOURCES INC	COM	26875P101	3,572	33,100	SH		SOLE		0	0	33,100
EQUIFAX INC	COM	294429105	9,712	82,362	SH		SOLE		0	0	82,362
ETSY INC	COM	29786A106	299	14,600	SH		SOLE		0	0	14,600
EXPRESS SCRIPTS HOLDING CO.	COM	30219G108	512	6,860	SH		SOLE		0	0	6,860
EXXON MOBIL CORP COM	COM	30231G102	8,978	107,338	SH		SOLE		0	0	107,338
FACEBOOK INC-A	COM	30303m102	799	4,527	SH		SOLE		0	0	4,527
FEDEX CORP	COM	31428X106	4,904	19,651	SH		SOLE		0	0	19,651
FIDELITY NATIONAL INFORMATION	COM	31620M106	659	7,000	SH		SOLE		0	0	7,000
FISERV INC	COM	337738108	8,337	63,576	SH		SOLE		0	0	63,576
FOOT LOCKER INC	COM	344849104	4,530	96,625	SH		SOLE		0	0	96,625
FORTIVE CORPORATION	COM	34959J108	3,478	48,075	SH		SOLE		0	0	48,075
GENERAL ELECTRIC CO COM	COM	369604103	2,800	160,482	SH		SOLE		0	0	160,482
GENUINE PARTS CO	COM	372460105	4,409	46,403	SH		SOLE		0	0	46,403
GILEAD SCIENCES INC	COM	375558103	4,307	60,119	SH		SOLE		0	0	60,119
GLOBAL ENERGY HOLDINGS GROUP	COM	37991A100	0	11,700	SH		SOLE		0	0	11,700
GOLDMAN SACHS GROUP	COM	38141G104	6,075	23,846	SH		SOLE		0	0	23,846
HALLIBURTON CO	COM	406216101	381	7,800	SH		SOLE		0	0	7,800
HALYARD HEALTH INC	COM	40650V100	462	10,000	SH		SOLE		0	0	10,000
HARRIS CORP DEL	COM	413875105	814	5,744	SH		SOLE		0	0	5,744
HD SUPPLY HOLDINGS, INC.	COM	40416M105	3,109	77,670	SH		SOLE		0	0	77,670
HILTON WORLDWIDE HOLDINGS INC	COM	43300A203	341	4,266	SH		SOLE		0	0	4,266
HOME DEPOT INC	COM	437076102	15,210	80,250	SH		SOLE		0	0	80,250
HONEYWELL INTL INC	COM	438516106	2,294	14,957	SH		SOLE		0	0	14,957
HUNTINGTON INGALLS INDS INC CO	COM	446413106	1,044	4,430	SH		SOLE		0	0	4,430
INGERSOLL-RAND CO CL A	COM	G47791101	392	4,390	SH		SOLE		0	0	4,390
INSTALLED BUILDING PRODUCTS	COM	45780R101	2,099	27,633	SH		SOLE		0	0	27,633
INTEL CORP	COM	458140100	14,137	306,255	SH		SOLE		0	0	306,255
INTERNATIONAL BUSINESS MACHS C	COM	459200101	5,704	37,180	SH		SOLE		0	0	37,180
INTERPUBLIC GROUP COS INC COM	COM	460690100	381	18,900	SH		SOLE		0	0	18,900
JOHNSON & JOHNSON	COM	478160104	14,592	104,434	SH		SOLE		0	0	104,434
JPMORGAN CHASE & CO COM	COM	46625H100	9,902	92,595	SH		SOLE		0	0	92,595
KAR AUCTION SERVICES INC.	COM	48238T109	853	16,890	SH		SOLE		0	0	16,890
KIMBERLY CLARK CORP	COM	494368103	1,852	15,345	SH		SOLE		0	0	15,345
KRAFT HEINZ COMPANY	COM	500754106	491	6,319	SH		SOLE		0	0	6,319
LAMB WESTON HOLDINGS	COM	513272104	1,146	20,300	SH		SOLE		0	0	20,300
LILLY ELI & CO	COM	532457108	3,422	40,517	SH		SOLE		0	0	40,517
LKQ CORP	COM	501889208	6,554	161,150	SH		SOLE		0	0	161,150
LOCKHEED MARTIN CORP	COM	539830109	3,884	12,099	SH		SOLE		0	0	12,099
LOWES COS INC	COM	548661107	390	4,193	SH		SOLE		0	0	4,193
MAGELLAN MIDSTREAM PARTNERS, L	COM	559080106	284	4,000	SH		SOLE		0	0	4,000
MARATHON PETROLEUM CORP	COM	56585A102	605	9,162	SH		SOLE		0	0	9,162
MARKEL CORP	COM	570535104	6,949	6,100	SH		SOLE		0	0	6,100
MARRIOTT INTL INC NEW CL A	COM	571903202	9,208	67,843	SH		SOLE		0	0	67,843
MARTIN MARIETTA MATERIALS INC	COM	573284106	2,340	10,588	SH		SOLE		0	0	10,588
MARVELL TECHNOLOGY GROUP LTD O	COM	G5876H105	1,786	83,168	SH		SOLE		0	0	83,168
MASCO CORP COM	COM	574599106	5,543	126,143	SH		SOLE		0	0	126,143
MCDONALDS CORP COM	COM	580135101	2,191	12,732	SH		SOLE		0	0	12,732
MCKESSON CORP	COM	58155Q103	1,371	8,793	SH		SOLE		0	0	8,793
MEDTRONIC PLC	COM	G5960L103	626	7,756	SH	��	SOLE		0	0	7,756
MERCK & CO INC COM	COM	58933Y105	10,345	183,848	SH		SOLE		0	0	183,848
METLIFE INC COM	COM	59156R108	5,169	102,244	SH		SOLE		0	0	102,244
MICROSOFT CORP COM	COM	594918104	14,169	165,644	SH		SOLE		0	0	165,644
MONDELEZ INTERNATIONAL INC	COM	609207105	1,729	40,407	SH		SOLE		0	0	40,407
MORGAN STANLEY DEAN WITTER COM	COM	617446448	4,306	82,075	SH		SOLE		0	0	82,075
MORNINGSTAR INC	COM	617700109	205	2,110	SH		SOLE		0	0	2,110
NATIONAL FUEL GAS N J	COM	636180101	247	4,500	SH		SOLE		0	0	4,500
NEXTERA ENERGY INC COM	COM	65339F101	2,239	14,337	SH		SOLE		0	0	14,337
NIKE INC CL B	COM	654106103	2,372	37,916	SH		SOLE		0	0	37,916
NORFOLK SOUTHERN CORP	COM	655844108	1,187	8,190	SH		SOLE		0	0	8,190
NORTHROP GRUMMAN CORP	COM	666807102	1,326	4,320	SH		SOLE		0	0	4,320
O'REILLY AUTOMOTIVE INC	COM	67103H107	3,265	13,575	SH		SOLE		0	0	13,575
OMNICOM GROUP INC	COM	681919106	1,733	23,800	SH		SOLE		0	0	23,800
ORACLE CORP	COM	68389X105	2,706	57,237	SH		SOLE		0	0	57,237
PAYPAL HOLDINGS INC	COM	70450y103	228	3,101	SH		SOLE		0	0	3,101
PEPSICO INC COM	COM	713448108	7,507	62,598	SH		SOLE		0	0	62,598
PFIZER INC COM	COM	717081103	6,790	187,467	SH		SOLE		0	0	187,467
PHILLIPS 66	COM	718546104	458	4,524	SH		SOLE		0	0	4,524
PHILLIPS VAN HEUSEN CP COM	COM	693656100	418	3,050	SH		SOLE		0	0	3,050
PNC FINANCIAL SVCS GROUP	COM	693475105	667	4,621	SH		SOLE		0	0	4,621
PPG INDS INC	COM	693506107	1,283	10,986	SH		SOLE		0	0	10,986
PPL CORP.	COM	69351T106	1,095	35,394	SH		SOLE		0	0	35,394
PRINCIPAL FINANCIAL GROUP	COM	74251V102	2,321	32,890	SH		SOLE		0	0	32,890
PROCTER & GAMBLE CO	COM	742718109	6,921	75,331	SH		SOLE		0	0	75,331
PULTEGROUP INC	COM	745867101	4,966	149,364	SH		SOLE		0	0	149,364
QORVO INC COM	COM	74736K101	5,481	82,302	SH		SOLE		0	0	82,302
RAYTHEON CO	COM	755111507	1,334	7,101	SH		SOLE		0	0	7,101
RYDER SYS INC	COM	783549108	1,418	16,850	SH		SOLE		0	0	16,850
SANDERSON FARMS INC	COM	800013104	763	5,500	SH		SOLE		0	0	5,500
SCHLUMBERGER LTD COM	COM	806857108	3,281	48,694	SH		SOLE		0	0	48,694
SHERWIN WILLIAMS CO	COM	824348106	232	565	SH		SOLE		0	0	565
SITEONE LANDSCAPE SUPPLY, INC.	COM	82982L103	859	11,200	SH		SOLE		0	0	11,200
SKYWORKS SOLUTIONS INC	COM	83088M102	752	7,918	SH		SOLE		0	0	7,918
SOUTHERN CO COM	COM	842587107	560	11,649	SH		SOLE		0	0	11,649
SOUTHWEST AIRLS CO COM	COM	844741108	1,851	28,275	SH		SOLE		0	0	28,275
SPECTRUM BRANDS HLDGS INC COM	COM	84763R101	3,530	31,407	SH		SOLE		0	0	31,407
SPIRIT AEROSYSTEMS HOLDINGS	COM	848574109	1,714	19,650	SH		SOLE		0	0	19,650
STARBUCKS CORP	COM	855244109	1,434	24,963	SH		SOLE		0	0	24,963
STATE STREET CORP	COM	857477103	3,475	35,601	SH		SOLE		0	0	35,601
STRYKER CORP	COM	863667101	257	1,658	SH		SOLE		0	0	1,658
SUNOPTA INC COM	COM	8676EP108	4,516	582,709	SH		SOLE		0	0	582,709
SUNTRUST BKS INC	COM	867914103	10,950	169,534	SH		SOLE		0	0	169,534
SYSCO CORP	COM	871829107	384	6,326	SH		SOLE		0	0	6,326
TARGET CORP COM	COM	87612E106	487	7,460	SH		SOLE		0	0	7,460
TELADOC INC	COM	87918A105	200	5,740	SH		SOLE		0	0	5,740
TEXAS INSTRS INC	COM	882508104	1,303	12,481	SH		SOLE		0	0	12,481
TIME WARNER INC COM NEW	COM	887317303	2,843	31,079	SH		SOLE		0	0	31,079
TJX COS INC NEW	COM	872540109	4,027	52,666	SH		SOLE		0	0	52,666
TOPBUILD CORP	COM	89055F103	365	4,821	SH		SOLE		0	0	4,821
TORCHMARK CORP	COM	891027104	726	8,009	SH		SOLE		0	0	8,009
TRI POINTE HOMES INC.	COM	87265H109	341	19,010	SH		SOLE		0	0	19,010
U.S. TECHNOLOGIES	COM	91272D309	0	20,000	SH		SOLE		0	0	20,000
UMPQUA HOLDINGS CORP	COM	904214103	408	19,599	SH		SOLE		0	0	19,599
UNION PAC CORP	COM	907818108	4,982	37,155	SH		SOLE		0	0	37,155
UNITED PARCEL SERVICE INC CL B	COM	911312106	4,555	38,230	SH		SOLE		0	0	38,230
UNITED RENTALS INC.	COM	911363109	7,086	41,217	SH		SOLE		0	0	41,217
UNITED TECHNOLOGIES CP	COM	913017109	2,810	22,026	SH		SOLE		0	0	22,026
UNITEDHEALTH GROUP INC COM	COM	91324P102	4,766	21,620	SH		SOLE		0	0	21,620
UNIVERSAL DISPLAY CORPORATION	COM	91347P105	346	2,005	SH		SOLE		0	0	2,005
V F CORP	COM	918204108	3,045	41,150	SH		SOLE		0	0	41,150
VISA INC - CLASS A	COM	92826C839	4,806	42,149	SH		SOLE		0	0	42,149
VOYA FINANCIAL INC.	COM	929089100	602	12,167	SH		SOLE		0	0	12,167
VULCAN MATLS CO	COM	929160109	8,729	67,997	SH		SOLE		0	0	67,997
WABCO HOLDINGS INC	COM	92927k102	2,196	15,305	SH		SOLE		0	0	15,305
WAL-MART STORES INC COM	COM	931142103	15,769	159,687	SH		SOLE		0	0	159,687
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	5,872	80,865	SH		SOLE		0	0	80,865
WALT DISNEY CO	COM	254687106	1,412	13,138	SH		SOLE		0	0	13,138
WEATHERFORD INTL PLC COM	COM	G48833100	56	13,500	SH		SOLE		0	0	13,500
WEC ENERGY GROUP, INC	COM	92939U106	245	3,685	SH		SOLE		0	0	3,685
WELLS FARGO & CO NEW COM	COM	949746101	3,282	54,094	SH		SOLE		0	0	54,094
WEST PHARMACEUTICAL SERVICES	COM	955306105	335	3,400	SH		SOLE		0	0	3,400
WEYERHAEUSER CO	COM	962166104	3,355	95,151	SH		SOLE		0	0	95,151
WR BERKLEY CORP	COM	084423102	3,272	45,668	SH		SOLE		0	0	45,668
YUM! BRANDS INC	COM	988498101	238	2,919	SH		SOLE		0	0	2,919
AMEX ENERGY SECTOR SPDR	ETF	81369Y506	3,974	54,992	SH		SOLE		0	0	54,992
AMEX TECHNOLOGY SECTOR SPDR	ETF	81369Y803	1,929	30,157	SH		SOLE		0	0	30,157
ISHARES DJ SELECT DIVIDEND	ETF	464287168	762	7,727	SH		SOLE		0	0	7,727
ISHARES DJ US HEALTHCARE SEC	ETF	464287762	487	2,794	SH		SOLE		0	0	2,794
ISHARES DJ US TRANSPORTATION I	ETF	464287192	1,129	5,890	SH		SOLE		0	0	5,890
ISHARES DOW JONES US HOME CONS	ETF	464288752	3,464	79,225	SH		SOLE		0	0	79,225
ISHARES MSCI PACIFIC EX-JAPAN	ETF	464286665	425	8,900	SH		SOLE		0	0	8,900
ISHARES NASDAQ BIOTECH ETF	ETF	464287556	2,045	19,155	SH		SOLE		0	0	19,155
ISHARES RUSSELL 1000 INDEX	ETF	464287622	9,883	66,500	SH		SOLE		0	0	66,500
ISHARES RUSSELL TOP 200 GROWTH	ETF	464289438	318	4,350	SH		SOLE		0	0	4,350
ISHARES S&P 100 INDEX FUND	ETF	464287101	438	3,690	SH		SOLE		0	0	3,690
ISHARES S&P GLOBAL INDEX 100	ETF	464287572	695	7,505	SH		SOLE		0	0	7,505
ISHARES TR CORE S&P SCP ETF	ETF	464287804	7,593	98,852	SH		SOLE		0	0	98,852
ISHARES TR CORE S&P500 ETF	ETF	464287200	55,203	205,329	SH		SOLE		0	0	205,329
ISHARES TR RUSSELL 2000 GROWTH	ETF	464287648	329	1,760	SH		SOLE		0	0	1,760
ISHARES TRUST RUSSELL 2000 IND	ETF	464287655	6,141	40,277	SH		SOLE		0	0	40,277
ISHARES TRUST S&P MIDCAP 400	ETF	464287507	3,051	16,079	SH		SOLE		0	0	16,079
JPMORGAN ALERIAN MLP ETN	ETF	46625H365	1,900	69,150	SH		SOLE		0	0	69,150
KBW REGIONAL BANKING ETF	ETF	78464A698	4,329	73,567	SH		SOLE		0	0	73,567
POWERSHARES FTSE RAFI US 1000	ETF	73935X583	1,356	11,935	SH		SOLE		0	0	11,935
POWERSHARES S&P HIGH QUALITY E	ETF	73935X682	2,629	86,323	SH		SOLE		0	0	86,323
RYDEX S&P EQUAL WEIGHT ETF	ETF	78355W106	7,695	76,163	SH		SOLE		0	0	76,163
SELECT SECTOR SPDR TR SBI INT-	ETF	81369Y605	9,775	350,240	SH		SOLE		0	0	350,240
SELECT SECTOR SPDR TR SBI INT-	ETF	81369Y704	316	4,170	SH		SOLE		0	0	4,170
SELECT SECTOR SPDR TR SBI MATE	ETF	81369Y100	1,076	17,775	SH		SOLE		0	0	17,775
SPDR DJIA TRUST	ETF	78467X109	2,581	10,435	SH		SOLE		0	0	10,435
SPDR GOLD TRUST	ETF	78463V107	2,015	16,300	SH		SOLE		0	0	16,300
SPDR HOMEBUILDERS ETF	ETF	78464A888	6,145	138,828	SH		SOLE		0	0	138,828
SPDR KBW BANK ETF	ETF	78464A797	3,943	83,300	SH		SOLE		0	0	83,300
SPDR S&P 500 ETF TR TR UNIT	ETF	78462F103	67,366	252,439	SH		SOLE		0	0	252,439
SPDR S&P DIVIDEND ETF	ETF	78464A763	2,029	21,470	SH		SOLE		0	0	21,470
SPDR S&P MIDCAP 400 ETF TR UTS	ETF	78467Y107	48,976	141,790	SH		SOLE		0	0	141,790
VANGUARD DIVIDEND APPRECIATION	ETF	921908844	10,369	101,630	SH		SOLE		0	0	101,630
VANGUARD FTSE DEVELOPED MARKET	ETF	921943858	9,037	201,448	SH		SOLE		0	0	201,448
VANGUARD INDEX FDS REIT ETF	ETF	922908553	4,106	49,488	SH		SOLE		0	0	49,488
VANGUARD INTL EQUITY INDEX FD	ETF	922042858	1,735	37,781	SH		SOLE		0	0	37,781
VANGUARD MID CAP ETF	ETF	922908629	9,392	60,678	SH		SOLE		0	0	60,678
VANGUARD MSCI EUROPE ETF	ETF	922042874	2,662	45,009	SH		SOLE		0	0	45,009
VANGUARD S&P 500 ETF	ETF	922908363	781	3,185	SH		SOLE		0	0	3,185
VANGUARD TOTAL INTERNATIONAL S	ETF	921909768	2,254	39,679	SH		SOLE		0	0	39,679
VANGUARD TOTAL STOCK MARKET ET	ETF	922908769	315	2,296	SH		SOLE		0	0	2,296
WISDOMTREE DIVIDEND EX-FIN ETF	ETF	97717W406	968	10,955	SH		SOLE		0	0	10,955
WISDOMTREE INDIA EARNINGS ETF	ETF	97717W422	646	23,200	SH		SOLE		0	0	23,200
DCT INDL TRUST INC COM	CL END	233153204	701	11,920	SH		SOLE		0	0	11,920
EMPIRE STATE REALTY OP LP SERI	CL END	292102209	219	10,737	SH		SOLE		0	0	10,737
EQUITY RESIDENTIAL PROPERTIES	CL END	29476L107	237	3,720	SH		SOLE		0	0	3,720
FEDERAL REALTY INV TRUST	CL END	313747206	280	2,105	SH		SOLE		0	0	2,105
GGP INC	CL END	36174x101	1,293	55,280	SH		SOLE		0	0	55,280
HOWARD HUGHES CORPORATION	CL END	44267D107	315	2,400	SH		SOLE		0	0	2,400
MID-AMER APT CMNTYS INC	CL END	59522J103	212	2,104	SH		SOLE		0	0	2,104
REDWOOD TRUST, INC.	CL END	758075402	1,172	79,050	SH		SOLE		0	0	79,050
VEREIT INC	CL END	92339v100	82	10,582	SH		SOLE		0	0	10,582
WELLTOWER INC COM	CL END	95040Q104	322	5,053	SH		SOLE		0	0	5,053
ASTRAZENECA PLC - SPONS ADR	FOR	046353108	326	9,400	SH		SOLE		0	0	9,400
BAIDU INC SPN ADR	FOR	056752108	4,725	20,175	SH		SOLE		0	0	20,175
BP AMOCO PLC - SPONS ADR	FOR	055622104	5,786	137,661	SH		SOLE		0	0	137,661
BTG PLC	FOR	G1660V103	134	13,007	SH		SOLE		0	0	13,007
DIAGEO PLC-SPONSORED ADR NEW	FOR	25243Q205	4,043	27,687	SH		SOLE		0	0	27,687
HDFC BANK LTD ADR	FOR	40415F101	645	6,345	SH		SOLE		0	0	6,345
NESTLE S A - ADR REG SHS	FOR	641069406	4,722	54,906	SH		SOLE		0	0	54,906
NOVARTIS AG-ADR	FOR	66987V109	1,185	14,119	SH		SOLE		0	0	14,119
NXP SEMICONDUCTORS N V COM	FOR	N6596X109	2,549	21,770	SH		SOLE		0	0	21,770
PHILIP MORRIS INTL INC COM	FOR	718172109	1,690	15,995	SH		SOLE		0	0	15,995
RIO TINTO PLC SPONSORED ADR	FOR	767204100	5,218	98,578	SH		SOLE		0	0	98,578
ROYAL DUTCH SHELL PLC	FOR	780259206	11,406	170,976	SH		SOLE		0	0	170,976
ROYAL DUTCH SHELL PLC B	FOR	780259107	528	7,735	SH		SOLE		0	0	7,735
SANOFI-AVENTIS	FOR	80105N105	314	7,300	SH		SOLE		0	0	7,300
SIEMENS AG SPONS ADR	FOR	826197501	3,325	47,680	SH		SOLE		0	0	47,680
UNILEVER N V N Y SHS NEW	FOR	904784709	290	5,150	SH		SOLE		0	0	5,150
WILLIS TOWERS WATSON PUBLIC LI	FOR	G96629103	2,685	17,819	SH		SOLE		0	0	17,819
WPP GROUP PLC	FOR	92937A102	5,101	56,326	SH		SOLE		0	0	56,326