Lockheed Martin Investment Management 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
ACE LIMITED	COM	H0023R105	2,307	22,000	SH		SOLE		22,000	0	0
AGILENT TECHNOLOGY	COM	00846U101	296	5,200	SH		SOLE		5,200	0	0
ALEXION PHARMACEUTICALS, INC.	COM	015351109	2,653	16,000	SH		SOLE		16,000	0	0
ALLERGAN INC.	COM	018490102	4,847	27,200	SH		SOLE		27,200	0	0
AMAZON.COM INC.	COM	023135106	2,580	8,000	SH		SOLE		8,000	0	0
AMERICAN EXPRESS CO.	COM	025816109	4,520	51,632	SH		SOLE		51,632	0	0
AMERICAN INTL GROUP	COM	026874784	540	10,000	SH		SOLE		10,000	0	0
APPLE INC	COM	037833100	6,876	68,250	SH		SOLE		68,250	0	0
APPLIED MATERIALS	COM	038222105	3,263	151,000	SH		SOLE		151,000	0	0
BAIDU, INC.	COM	056752108	524	2,400	SH		SOLE		2,400	0	0
BALTIC TRADING	COM	Y0553W103	111	26,871	SH		SOLE		26,871	0	0
BANK OF AMERICA	COM	060505104	8,849	519,000	SH		SOLE		519,000	0	0
BIOGEN IDEC INC	COM	09062X103	3,904	11,800	SH		SOLE		11,800	0	0
BLACKROCK INC	COM	09247X101	1,445	4,400	SH		SOLE		4,400	0	0
BROADCOM CORP - CL A	COM	111320107	2,789	69,000	SH		SOLE		69,000	0	0
CARDICA INC.	COM	14141R101	225	210,000	SH		SOLE		210,000	0	0
CELANESE CORP-SERIES A	COM	150870103	351	6,000	SH		SOLE		6,000	0	0
CHEETAH MOBILE INC	COM	163075104	735	40,248	SH		SOLE		40,248	0	0
CHEVRON	COM	166764100	2,506	21,000	SH		SOLE		21,000	0	0
CISCO SYSTEMS INC	COM	17275R102	654	26,000	SH		SOLE		26,000	0	0
CITIGROUP	COM	172967424	1,192	23,000	SH		SOLE		23,000	0	0
COMCAST CORPORATION	COM	20030N101	3,765	70,000	SH		SOLE		70,000	0	0
CONOCOPHILIPS	COM	20825C104	1,760	23,000	SH		SOLE		23,000	0	0
CUMMINS, INC.	COM	231021106	436	3,300	SH		SOLE		3,300	0	0
DEXCOM INC.	COM	252131107	500	12,500	SH		SOLE		12,500	0	0
DISCOVER FINANCIAL SERVICES	COM	254709108	4,321	67,100	SH		SOLE		67,100	0	0
DRYSHIPS, INC.	COM	MHY2109Q1	182	73,748	SH		SOLE		73,748	0	0
EXXON	COM	30231G102	8,182	87,000	SH		SOLE		87,000	0	0
FACEBOOK	COM	30303M102	4,687	59,300	SH		SOLE		59,300	0	0
FLUOR CORP	COM	343412102	334	5,000	SH		SOLE		5,000	0	0
FRONTLINE LTD.	COM	G3682E127	35	27,748	SH		SOLE		27,748	0	0
GENERAL ELECTRIC CO.	COM	369604103	3,074	120,000	SH		SOLE		120,000	0	0
GILEAD SCIENCES INC	COM	375558103	7,877	74,000	SH		SOLE		74,000	0	0
GOLDMAN SACHS GROUP	COM	38141G104	2,019	11,000	SH		SOLE		11,000	0	0
GOOGLE INC - CL A	COM	38259P508	3,119	5,300	SH		SOLE		5,300	0	0
GOOGLE INC NON-VOTING CL C	COM	38259P706	2,073	3,590	SH		SOLE		3,590	0	0
HALLIBURTON	COM	406216101	1,484	23,000	SH		SOLE		23,000	0	0
INTERNATIONAL BUSINESS MACHINE	COM	459200101	1,329	7,000	SH		SOLE		7,000	0	0
JD COM INC	COM	47215P106	3,131	121,270	SH		SOLE		121,270	0	0
JOHNSON & JOHNSON	COM	478160104	1,279	12,000	SH		SOLE		12,000	0	0
JP MORGAN	COM	46625H100	7,349	122,000	SH		SOLE		122,000	0	0
KUSHNER-LOCKE CO	COM	501337109	0	352,050	SH		SOLE		352,050	0	0
LONGTOP FINANCIAL ADR	COM	543189108	3	94,200	SH		SOLE		94,200	0	0
LYDONDELLBASELL INDU - CL A	COM	N53745100	1,195	11,000	SH		SOLE		11,000	0	0
MERCK & CO. INC.	COM	58933Y105	1,363	23,000	SH		SOLE		23,000	0	0
MICRON TECH	COM	595112103	411	12,000	SH		SOLE		12,000	0	0
MICROSOFT CORP	COM	594918104	8,628	186,100	SH		SOLE		186,100	0	0
MONSANTO CO	COM	61166W101	2,813	25,000	SH		SOLE		25,000	0	0
MORGAN STANLEY	COM	617446448	4,494	130,000	SH		SOLE		130,000	0	0
NIKE INC.	COM	654106103	981	11,000	SH		SOLE		11,000	0	0
NXP SEMICONDUCTORS	COM	N6596X109	1,984	29,000	SH		SOLE		29,000	0	0
OCCIDENTAL PETROLEUM	COM	674599105	1,154	12,000	SH		SOLE		12,000	0	0
OMNICELL	COM	68213N109	219	8,000	SH		SOLE		8,000	0	0
PANDORA MEDIA INC	COM	698354107	1,474	61,000	SH		SOLE		61,000	0	0
PFIZER	COM	717081103	1,449	49,000	SH		SOLE		49,000	0	0
PRECISION CASTPARTS	COM	740189105	237	1,000	SH		SOLE		1,000	0	0
PVTPL GDR LEVANESE CO FOR DEV	COM	522386101	507	42,264	SH		SOLE		42,264	0	0
QIHOO 360 TECHNOLOGY CO	COM	74734M109	688	10,204	SH		SOLE		10,204	0	0
ROCKWELL AUTOMATON	COM	773903109	220	2,000	SH		SOLE		2,000	0	0
SANDISK CORP	COM	80004C101	1,175	12,000	SH		SOLE		12,000	0	0
SCHLUMBERGER LTD	COM	806857108	2,237	22,000	SH		SOLE		22,000	0	0
SEAGATE TECHNOLOGY HOLDINGS	COM	G7945M107	2,033	35,500	SH		SOLE		35,500	0	0
STONEPATH GROUP INC	COM	861837102	0	679,800	SH		SOLE		679,800	0	0
TAIWAN SEMICONDUCTOR MFG CO	COM	874039100	3,723	184,500	SH		SOLE		184,500	0	0
TEXAS INSTRUMENTS	COM	882508104	382	8,000	SH		SOLE		8,000	0	0
THE BOEING CO	COM	097023105	764	6,000	SH		SOLE		6,000	0	0
THE PRICELINE GROUP INC	COM	741503403	4,623	3,990	SH		SOLE		3,990	0	0
TWENTY-FIRST CENTURY FOX	COM	90130A101	926	27,000	SH		SOLE		27,000	0	0
UNITEDHEALTH GROUP	COM	91324P102	3,450	40,000	SH		SOLE		40,000	0	0
US BANCORP	COM	902973304	1,715	41,000	SH		SOLE		41,000	0	0
VIPSHOP HOLDINGS INC. ADR	COM	92763W103	4,212	22,282	SH		SOLE		22,282	0	0
WALT DISNEY CO.	COM	254687106	1,781	20,000	SH		SOLE		20,000	0	0
WEIBO CORP ADR	COM	948596101	1,927	103,091	SH		SOLE		103,091	0	0
WELLPOINT INC	COM	94973v107	3,230	27,000	SH		SOLE		27,000	0	0
WELLS FARGO&COMPANY	COM	949746101	1,400	27,000	SH		SOLE		27,000	0	0
WESTERN DIGITAL CORP	COM	958102105	1,508	15,500	SH		SOLE		15,500	0	0
YELP INC	COM	985817105	1,993	29,200	SH		SOLE		29,200	0	0
YY INC.	COM	98426T106	3,355	44,800	SH		SOLE		44,800	0	0
ZILLOW, INC.	COM	98954A107	1,508	13,000	SH		SOLE		13,000	0	0
ZYNGA, INC.	COM	98986T108	1,539	570,000	SH		SOLE		570,000	0	0
CONSUMER STAPLES SPDR	ETF	81369Y308	66,176	1,467,000	SH		SOLE		1,467,000	0	0
DB COMMODITY INDEX FUND	ETF	73935S105	3,752	161,600	SH		SOLE		161,600	0	0
GUGGENHEIM S&P 500 EQUAL WEIGH	ETF	78355W106	11,384	150,210	SH		SOLE		150,210	0	0
ISHARE MSCI EMERGING MARKETS E	ETF	464287234	23,897	575,000	SH		SOLE		575,000	0	0
ISHARES 20+ YEAR TREASURY BOND	ETF	464287432	4,028	34,640	SH		SOLE		34,640	0	0
ISHARES CORE MSCI EMERGING MKT	ETF	46434G103	41,643	832,200	SH		SOLE		832,200	0	0
ISHARES CORE TOTAL US BOND ETF	ETF	464287226	13,093	120,000	SH		SOLE		120,000	0	0
ISHARES DJ HOME	ETF	464288752	148,425	6,599,596	SH		SOLE		6,599,596	0	0
ISHARES DJ US REAL ESTATE	ETF	464287739	100,475	1,451,946	SH		SOLE		1,451,946	0	0
ISHARES MSCI MEXICO	ETF	464286822	3,436	50,000	SH		SOLE		50,000	0	0
ISHARES MSCI USA MOMENTUM FACT	ETF	46432F396	12,217	188,336	SH		SOLE		188,336	0	0
ISHARES NORTH AMER NATURAL RES	ETF	464287374	119,831	2,677,782	SH		SOLE		2,677,782	0	0
ISHARES S&P MIDCAP 400/GROWTH	ETF	464287606	1,792	11,829	SH		SOLE		11,829	0	0
ISHARES S&P100 ETF	ETF	464287101	4,791	54,349	SH		SOLE		54,349	0	0
MARKET VECTORS GOLD MINERS	ETF	57060U100	12,558	588,000	SH		SOLE		588,000	0	0
MID-CAP INDEX	ETF	78467Y107	18,325	73,500	SH		SOLE		73,500	0	0
MKT VCT JUNR GOLD	ETF	57061R544	6,489	193,000	SH		SOLE		193,000	0	0
MKT VECTORS OIL SERVICES	ETF	57060U191	1,836	37,000	SH		SOLE		37,000	0	0
POWERSHARES BUYBACK ACHIEVERS	ETF	73935X286	7,455	166,640	SH		SOLE		166,640	0	0
PROSHARES S&P500 HI DIV	ETF	73937B654	3,950	128,466	SH		SOLE		128,466	0	0
RUSSELL 2000 INDEX FUND	ETF	464287655	3,991	36,500	SH		SOLE		36,500	0	0
S&P 500 PURE GROWTH	ETF	78355W403	9,602	124,373	SH		SOLE		124,373	0	0
S&P 500 PURE VALUE	ETF	78355W304	8,763	165,747	SH		SOLE		165,747	0	0
S&P500 HIGH QLTY PORTFOLIO	ETF	73935X682	6,006	278,293	SH		SOLE		278,293	0	0
SELECT SECTOR SPDR-AGRICULTURE	ETF	57060U605	202,853	3,835,366	SH		SOLE		3,835,366	0	0
SELECT SECTOR SPDR-CONSUMER DI	ETF	81369Y407	84,663	1,269,500	SH		SOLE		1,269,500	0	0
SELECT SECTOR SPDR-ENERGY	ETF	81369Y506	49,778	549,300	SH		SOLE		549,300	0	0
SELECT SECTOR SPDR-FINANCIAL	ETF	81369Y605	132,817	5,732,288	SH		SOLE		5,732,288	0	0
SELECT SECTOR SPDR-HEALTH CARE	ETF	81369Y209	96,846	1,515,350	SH		SOLE		1,515,350	0	0
SELECT SECTOR SPDR-INDUSTRIAL	ETF	81369Y704	177,835	3,345,905	SH		SOLE		3,345,905	0	0
SELECT SECTOR SPDR-MATERIALS	ETF	81369Y100	76,970	1,552,127	SH		SOLE		1,552,127	0	0
SELECT SECTOR SPDR-TECHNOLOGY	ETF	81369Y803	159,654	4,001,341	SH		SOLE		4,001,341	0	0
SELECT SECTOR SPDR-UTILITIES	ETF	81369Y886	17,131	407,000	SH		SOLE		407,000	0	0
SPDR BARCLAYS CAPITAL CONVERTI	ETF	78464A359	29,671	597,603	SH		SOLE		597,603	0	0
SPDR S&P METALS&MINING	ETF	78464A755	49,571	1,347,391	SH		SOLE		1,347,391	0	0
SPDR S&P OIL & GAS EXPLORATION	ETF	78464A730	197,182	2,864,772	SH		SOLE		2,864,772	0	0
SPDR-S&P 500 INDEX	ETF	78462F103	74,117	376,189	SH		SOLE		376,189	0	0
SPDR-S&P DIVIDEND	ETF	78464A763	3,317	44,256	SH		SOLE		44,256	0	0
VANGUARD FTSE DEVELOPED MARKET	ETF	921943858	37,774	950,300	SH		SOLE		950,300	0	0