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
ABBVIE INC.	COM	00287Y109	454	7,750	SH		SOLE		7,750	0	0
ACE LIMITED	COM	H0023R105	334	3,000	SH		SOLE		3,000	0	0
ACTAVIS PLC	COM	BD1NQJ9	2,192	7,366	SH		SOLE		7,366	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	3,000	132,000	SH		SOLE		132,000	0	0
ALCATEL-LUCENT (ADR)	COM	013904305	2,033	545,000	SH		SOLE		545,000	0	0
ALEXION PHARMACEUTICALS, INC.	COM	015351109	6,014	34,700	SH		SOLE		34,700	0	0
ALIBABA GROUP HLDS LTD	COM	01609W102	1,655	19,888	SH		SOLE		19,888	0	0
AMAZON.COM INC.	COM	023135106	2,977	8,000	SH		SOLE		8,000	0	0
AMERICAN EXPRESS CO.	COM	025816109	5,367	68,700	SH		SOLE		68,700	0	0
ANTHEM INC(WELLPOINT)	COM	036752103	5,868	38,000	SH		SOLE		38,000	0	0
APPLE INC	COM	037833100	10,545	84,750	SH		SOLE		84,750	0	0
APPLIED MATERIALS	COM	038222105	2,030	90,000	SH		SOLE		90,000	0	0
ARM HOLDINGS PLC (ADR)	COM	042068106	271	5,500	SH		SOLE		5,500	0	0
ATMEL CORP	COM	049513104	3,457	420,000	SH		SOLE		420,000	0	0
BAIDU, INC.	COM	056752108	1,896	9,100	SH		SOLE		9,100	0	0
BANK OF AMERICA	COM	060505104	5,294	344,000	SH		SOLE		344,000	0	0
BLACKROCK INC	COM	09247X101	3,728	10,190	SH		SOLE		10,190	0	0
BNP PARIBAS	COM	05565A202	608	20,000	SH		SOLE		20,000	0	0
BROADCOM CORP - CL A	COM	111320107	4,494	103,800	SH		SOLE		103,800	0	0
BROADSOFT INC	COM	11133B409	2,429	72,600	SH		SOLE		72,600	0	0
CARDICA INC.	COM	14141R101	132	210,000	SH		SOLE		210,000	0	0
CARDINAL HEALTH	COM	14149Y108	3,665	40,600	SH		SOLE		40,600	0	0
CHEVRON	COM	166764100	1,984	18,900	SH		SOLE		18,900	0	0
CITIGROUP	COM	172967424	1,120	21,730	SH		SOLE		21,730	0	0
CITRIX SYSTEM	COM	177376100	4,963	77,700	SH		SOLE		77,700	0	0
COMCAST CORPORATION	COM	20030N101	1,581	28,000	SH		SOLE		28,000	0	0
CONOCOPHILIPS	COM	20825C104	1,065	17,100	SH		SOLE		17,100	0	0
DISCOVER FINANCIAL SERVICES	COM	254709108	1,471	26,100	SH		SOLE		26,100	0	0
DRYSHIPS, INC.	COM	MHY2109Q1	415	545,828	SH		SOLE		545,828	0	0
ERICSSON	COM	294821608	2,046	163,000	SH		SOLE		163,000	0	0
EXXON	COM	30231G102	7,395	87,000	SH		SOLE		87,000	0	0
FREEPORT-MCMORAN COPPER&GOLD	COM	35671D857	474	25,000	SH		SOLE		25,000	0	0
GOLDMAN SACHS GROUP	COM	38141G104	4,199	22,340	SH		SOLE		22,340	0	0
GOOGLE INC - CL A	COM	38259P508	1,276	2,300	SH		SOLE		2,300	0	0
GOOGLE INC NON-VOTING CL C	COM	38259P706	1,260	2,300	SH		SOLE		2,300	0	0
HEALTH NET	COM	42222G108	2,637	43,600	SH		SOLE		43,600	0	0
HOLLYFRONTIER CORP	COM	436106108	2,013	50,000	SH		SOLE		50,000	0	0
HUMANA INC	COM	444859102	534	3,000	SH		SOLE		3,000	0	0
INTEL CORP	COM	458140100	750	24,000	SH		SOLE		24,000	0	0
INTERNATIONAL BUSINESS MACHINE	COM	459200101	6,388	39,800	SH		SOLE		39,800	0	0
JP MORGAN	COM	46625H100	7,439	122,800	SH		SOLE		122,800	0	0
JUNIPER NETWORKS	COM	48203R104	2,439	108,000	SH		SOLE		108,000	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	1,054	12,000	SH		SOLE		12,000	0	0
MEDIVATION, INC.	COM	58501N101	1,807	14,000	SH		SOLE		14,000	0	0
MERCK & CO. INC.	COM	58933Y105	2,250	39,150	SH		SOLE		39,150	0	0
METTLER TOLEDO	COM	592688105	3,517	10,700	SH		SOLE		10,700	0	0
MICROSOFT CORP	COM	594918104	7,631	187,700	SH		SOLE		187,700	0	0
MORGAN STANLEY	COM	617446448	7,847	219,870	SH		SOLE		219,870	0	0
NIKE INC.	COM	654106103	401	4,000	SH		SOLE		4,000	0	0
NXP SEMICONDUCTORS	COM	N6596X109	2,810	28,000	SH		SOLE		28,000	0	0
OCCIDENTAL PETROLEUM	COM	674599105	657	9,000	SH		SOLE		9,000	0	0
PACIFIC DRILLING	COM	L7257P106	1,945	500,000	SH		SOLE		500,000	0	0
PFIZER	COM	717081103	2,940	84,500	SH		SOLE		84,500	0	0
PRUDENTIAL PLC	COM	74435k204	499	10,000	SH		SOLE		10,000	0	0
PVTPL GDR LEVANESE CO FOR DEV	COM	522386101	470	42,264	SH		SOLE		42,264	0	0
RANGE RESOURCES	COM	75281A109	1,080	20,759	SH		SOLE		20,759	0	0
REGENERON PHARMACTCLS	COM	75886F107	2,483	5,500	SH		SOLE		5,500	0	0
SANDISK CORP	COM	80004C101	891	14,000	SH		SOLE		14,000	0	0
SAP CORP	COM	803054204	974	13,500	SH		SOLE		13,500	0	0
SCORPIO BULKERS ORD	COM	Y7546A106	237	100,000	SH		SOLE		100,000	0	0
SEAGATE TECHNOLOGY HOLDINGS	COM	G7945M107	1,041	20,000	SH		SOLE		20,000	0	0
SHIRE PLC-ADR	COM	82481R106	1,890	7,900	SH		SOLE		7,900	0	0
SILICON LABORATORIES	COM	826919102	5,686	112,000	SH		SOLE		112,000	0	0
STONEPATH GROUP INC	COM	861837102	0	679,800	SH		SOLE		679,800	0	0
TAIWAN SEMICONDUCTOR MFG CO	COM	874039100	5,252	223,670	SH		SOLE		223,670	0	0
THE BOEING CO	COM	097023105	672	4,475	SH		SOLE		4,475	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	3,762	28,000	SH		SOLE		28,000	0	0
TOLL BROTHERS, INC	COM	889478103	787	20,000	SH		SOLE		20,000	0	0
TRANSOCEAN INC	COM	H8817H100	513	35,000	SH		SOLE		35,000	0	0
TWENTY-FIRST CENTURY FOX	COM	90130A101	271	8,000	SH		SOLE		8,000	0	0
TWITTER INC	COM	90184L102	4,758	95,000	SH		SOLE		95,000	0	0
UNITEDHEALTH GROUP	COM	91324P102	7,405	62,600	SH		SOLE		62,600	0	0
US BANCORP	COM	902973304	912	20,880	SH		SOLE		20,880	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	4,282	36,300	SH		SOLE		36,300	0	0
VIPSHOP HOLDINGS INC. ADR	COM	92763W103	2,762	93,820	SH		SOLE		93,820	0	0
VMWARE INC-CLASS A	COM	928563402	3,772	46,000	SH		SOLE		46,000	0	0
WALT DISNEY CO.	COM	254687106	781	7,450	SH		SOLE		7,450	0	0
WELLS FARGO&COMPANY	COM	949746101	2,863	52,635	SH		SOLE		52,635	0	0
YY INC.	COM	98426T106	2,160	39,600	SH		SOLE		39,600	0	0
ZOETIS INC	COM	98978V103	2,926	63,200	SH		SOLE		63,200	0	0
ZYNGA, INC.	COM	98986T108	2,251	790,000	SH		SOLE		790,000	0	0
CONSUMER STAPLES SPDR	ETF	81369Y308	52,965	1,086,680	SH		SOLE		1,086,680	0	0
DB COMMODITY INDEX FUND	ETF	73935S105	2,759	161,600	SH		SOLE		161,600	0	0
GUGGENHEIM S&P 500 EQUAL WEIGH	ETF	78355W106	7,770	95,872	SH		SOLE		95,872	0	0
ISHARE MSCI EMERGING MARKETS E	ETF	464287234	23,075	575,000	SH		SOLE		575,000	0	0
ISHARES 20+ YEAR TREASURY BOND	ETF	464287432	13,682	104,691	SH		SOLE		104,691	0	0
ISHARES CORE MSCI EMERGING MKT	ETF	46434G103	40,220	832,200	SH		SOLE		832,200	0	0
ISHARES CORE S&P MIDCAP ETF	ETF	464287507	13,313	87,600	SH		SOLE		87,600	0	0
ISHARES CORE TOTAL US BOND ETF	ETF	464287226	13,372	120,000	SH		SOLE		120,000	0	0
ISHARES DJ HOME	ETF	464288752	157,784	5,589,242	SH		SOLE		5,589,242	0	0
ISHARES DJ US REAL ESTATE	ETF	464287739	95,252	1,200,863	SH		SOLE		1,200,863	0	0
ISHARES JAPAN	ETF	464286848	14,660	1,170,000	SH		SOLE		1,170,000	0	0
ISHARES MSCI USA MOMENTUM FACT	ETF	46432F396	6,583	93,636	SH		SOLE		93,636	0	0
ISHARES NORTH AMER NATURAL RES	ETF	464287374	115,318	3,071,870	SH		SOLE		3,071,870	0	0
ISHARES RUSSELL 2000 GROWTH ET	ETF	464287648	1,199	7,910	SH		SOLE		7,910	0	0
ISHARES S&P MIDCAP 400/GROWTH	ETF	464287606	3,338	19,462	SH		SOLE		19,462	0	0
ISHARES S&P100 ETF	ETF	464287101	3,574	39,600	SH		SOLE		39,600	0	0
MARKET VECTORS GOLD MINERS	ETF	57060U100	8,755	480,000	SH		SOLE		480,000	0	0
MID-CAP INDEX	ETF	78467Y107	9,927	35,808	SH		SOLE		35,808	0	0
MKT VCT JUNR GOLD	ETF	57061R544	3,405	150,000	SH		SOLE		150,000	0	0
MKT VECTORS OIL SERVICES	ETF	57060U191	1,685	50,000	SH		SOLE		50,000	0	0
POWERSHARES BUYBACK ACHIEVERS	ETF	73935X286	6,585	133,540	SH		SOLE		133,540	0	0
POWERSHARES S&P 500 LOW	ETF	73937B779	1,254	33,050	SH		SOLE		33,050	0	0
PROSHARES S&P500 HI DIV	ETF	73937B654	2,743	83,391	SH		SOLE		83,391	0	0
RUSSELL 2000 INDEX FUND	ETF	464287655	21,969	176,645	SH		SOLE		176,645	0	0
S&P 500 PURE GROWTH	ETF	78355W403	9,331	112,310	SH		SOLE		112,310	0	0
S&P 500 PURE VALUE	ETF	78355W304	8,095	149,944	SH		SOLE		149,944	0	0
S&P500 POWERSHARES VALUE LINE	ETF	73935X682	2,054	87,538	SH		SOLE		87,538	0	0
SELECT SECTOR SPDR-AGRICULTURE	ETF	57060U605	204,483	3,814,984	SH		SOLE		3,814,984	0	0
SELECT SECTOR SPDR-CONSUMER DI	ETF	81369Y407	83,112	1,103,019	SH		SOLE		1,103,019	0	0
SELECT SECTOR SPDR-ENERGY	ETF	81369Y506	34,065	439,100	SH		SOLE		439,100	0	0
SELECT SECTOR SPDR-FINANCIAL	ETF	81369Y605	113,720	4,716,700	SH		SOLE		4,716,700	0	0
SELECT SECTOR SPDR-HEALTH CARE	ETF	81369Y209	70,010	965,660	SH		SOLE		965,660	0	0
SELECT SECTOR SPDR-INDUSTRIAL	ETF	81369Y704	166,696	2,988,983	SH		SOLE		2,988,983	0	0
SELECT SECTOR SPDR-MATERIALS	ETF	81369Y100	64,029	1,312,613	SH		SOLE		1,312,613	0	0
SELECT SECTOR SPDR-TECHNOLOGY	ETF	81369Y803	101,185	2,441,731	SH		SOLE		2,441,731	0	0
SELECT SECTOR SPDR-UTILITIES	ETF	81369Y886	14,555	327,600	SH		SOLE		327,600	0	0
SPDR BARCLAYS CAPITAL HY BOND	ETF	78464A417	10,803	275,445	SH		SOLE		275,445	0	0
SPDR S&P METALS&MINING	ETF	78464A755	49,364	1,815,537	SH		SOLE		1,815,537	0	0
SPDR S&P OIL & GAS EXPLORATION	ETF	78464A730	189,017	3,658,863	SH		SOLE		3,658,863	0	0
SPDR-S&P 500 INDEX	ETF	78462F103	55,144	267,133	SH		SOLE		267,133	0	0
SPDR-S&P DIVIDEND	ETF	78464A763	1,417	18,115	SH		SOLE		18,115	0	0
VANGUARD FTSE DEVELOPED MARKET	ETF	921943858	39,942	1,002,800	SH		SOLE		1,002,800	0	0
VANGUARD FTSE EUROPE ETF	ETF	922042874	9,814	181,000	SH		SOLE		181,000	0	0