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
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
ABBVIE INC.	COM	00287Y109	1,075	19,750	SH		SOLE		19,750	0	0
ACE LIMITED	COM	H0023R105	310	3,000	SH		SOLE		3,000	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	1,205	39,000	SH		SOLE		39,000	0	0
AETNA INC	COM	00817Y108	1,094	10,000	SH		SOLE		10,000	0	0
ALEXION PHARMACEUTICALS, INC.	COM	015351109	1,017	6,500	SH		SOLE		6,500	0	0
ALLERGAN PLC	COM	G0177J108	6,442	23,700	SH		SOLE		23,700	0	0
ALPHABET INC - CL A	COM	02079K305	2,809	4,400	SH		SOLE		4,400	0	0
ALPHABET INC NON-VOTING CL C	COM	02079K107	1,098	1,805	SH		SOLE		1,805	0	0
AMAZON.COM INC.	COM	023135106	2,048	4,000	SH		SOLE		4,000	0	0
ANTHEM INC(WELLPOINT)	COM	036752103	7,560	54,000	SH		SOLE		54,000	0	0
APPLE INC	COM	037833100	4,798	43,500	SH		SOLE		43,500	0	0
ARM HOLDINGS PLC (ADR)	COM	042068106	238	5,500	SH		SOLE		5,500	0	0
ATMEL CORP	COM	049513104	460	57,000	SH		SOLE		57,000	0	0
BAKER HUGHES INCORPORATED	COM	057224107	7,806	150,000	SH		SOLE		150,000	0	0
BANK OF AMERICA	COM	060505104	6,061	389,000	SH		SOLE		389,000	0	0
BIOGEN IDEC INC	COM	09062X103	2,218	7,600	SH		SOLE		7,600	0	0
BLACKROCK INC	COM	09247X101	473	1,590	SH		SOLE		1,590	0	0
BNP PARIBAS	COM	05565A202	1,464	50,000	SH		SOLE		50,000	0	0
BRISTOL MYERS SQUIBB	COM	110122108	710	12,000	SH		SOLE		12,000	0	0
BROADCOM CORP - CL A	COM	111320107	1,749	34,000	SH		SOLE		34,000	0	0
CARDICA INC.	COM	14141R101	57	210,000	SH		SOLE		210,000	0	0
CENTURY ALUM	COM	156431108	144	31,300	SH		SOLE		31,300	0	0
CHEVRON	COM	166764100	1,893	24,000	SH		SOLE		24,000	0	0
CITIGROUP	COM	172967424	2,356	47,500	SH		SOLE		47,500	0	0
CITRIX SYSTEM	COM	177376100	887	12,800	SH		SOLE		12,800	0	0
COMCAST CORPORATION	COM	20030N101	1,593	28,000	SH		SOLE		28,000	0	0
DISCOVER FINANCIAL SERVICES	COM	254709108	1,227	23,600	SH		SOLE		23,600	0	0
DRYSHIPS, INC.	COM	MHY2109Q1	92	545,828	SH		SOLE		545,828	0	0
ELECTRONIC ARTS	COM	285512109	759	11,200	SH		SOLE		11,200	0	0
EXXON	COM	30231G102	6,468	87,000	SH		SOLE		87,000	0	0
GENERAL ELECTRIC CO.	COM	369604103	2,774	110,000	SH		SOLE		110,000	0	0
GILEAD SCIENCES INC	COM	375558103	1,006	10,250	SH		SOLE		10,250	0	0
GOLDMAN SACHS GROUP	COM	38141G104	4,744	27,300	SH		SOLE		27,300	0	0
HCA HOLDINGS INC	COM	40412C101	774	10,000	SH		SOLE		10,000	0	0
HUMANA INC	COM	444859102	358	2,000	SH		SOLE		2,000	0	0
INTEL CORP	COM	458140100	1,417	47,000	SH		SOLE		47,000	0	0
INTERNATIONAL BUSINESS MACHINE	COM	459200101	2,088	14,400	SH		SOLE		14,400	0	0
JP MORGAN	COM	46625H100	7,859	128,900	SH		SOLE		128,900	0	0
JUNIPER NETWORKS	COM	48203R104	900	35,000	SH		SOLE		35,000	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
MERCK & CO. INC.	COM	58933Y105	543	11,000	SH		SOLE		11,000	0	0
MICROSOFT CORP	COM	594918104	7,059	159,500	SH		SOLE		159,500	0	0
MORGAN STANLEY	COM	617446448	4,221	134,000	SH		SOLE		134,000	0	0
NAVIOS MARITIME HOLDINGS INC.	COM	Y62196103	62	25,000	SH		SOLE		25,000	0	0
NIKE INC.	COM	654106103	492	4,000	SH		SOLE		4,000	0	0
NXP SEMICONDUCTORS	COM	N6596X109	3,413	39,200	SH		SOLE		39,200	0	0
ORACLE CORP	COM	68389X105	686	19,000	SH		SOLE		19,000	0	0
PACIFIC DRILLING	COM	L7257P106	125	100,000	SH		SOLE		100,000	0	0
PALO ALTO NETWORKS INC	COM	697435105	344	2,000	SH		SOLE		2,000	0	0
PFIZER	COM	717081103	4,539	144,500	SH		SOLE		144,500	0	0
PRUDENTIAL PLC	COM	74435k204	843	20,000	SH		SOLE		20,000	0	0
PVTPL GDR LEVANESE CO FOR DEV	COM	522386101	427	42,264	SH		SOLE		42,264	0	0
RED HAT INC	COM	756577102	719	10,000	SH		SOLE		10,000	0	0
REGENERON PHARMACTCLS	COM	75886F107	3,523	7,575	SH		SOLE		7,575	0	0
SAFE BULKERS INC	COM	Y7388L103	97	35,000	SH		SOLE		35,000	0	0
SCORPIO BULKERS ORD	COM	Y7546A106	146	100,000	SH		SOLE		100,000	0	0
SEAGATE TECHNOLOGY HOLDINGS	COM	G7945M107	896	20,000	SH		SOLE		20,000	0	0
SHIRE PLC-ADR	COM	82481R106	369	1,800	SH		SOLE		1,800	0	0
SILICON LABORATORIES	COM	826919102	1,495	36,000	SH		SOLE		36,000	0	0
STATE STREET CORP	COM	857477103	538	8,000	SH		SOLE		8,000	0	0
STONEPATH GROUP INC	COM	861837102	0	679,800	SH		SOLE		679,800	0	0
SYMANTEC CORP	COM	871503108	701	36,000	SH		SOLE		36,000	0	0
TRANSOCEAN INC	COM	H8817H100	452	35,000	SH		SOLE		35,000	0	0
UNITEDHEALTH GROUP	COM	91324P102	4,176	36,000	SH		SOLE		36,000	0	0
VMWARE INC-CLASS A	COM	928563402	473	6,000	SH		SOLE		6,000	0	0
WALT DISNEY CO.	COM	254687106	1,007	9,850	SH		SOLE		9,850	0	0
WELLS FARGO&COMPANY	COM	949746101	616	12,000	SH		SOLE		12,000	0	0
ZOETIS INC	COM	98978V103	1,944	47,200	SH		SOLE		47,200	0	0
ZYNGA, INC.	COM	98986T108	3,317	1,455,000	SH		SOLE		1,455,000	0	0
CONSUMER STAPLES SPDR	ETF	81369Y308	59,000	1,250,255	SH		SOLE		1,250,255	0	0
DB COMMODITY INDEX FUND	ETF	73935S105	2,448	161,600	SH		SOLE		161,600	0	0
GUGGENHEIM S&P 500 EQUAL WEIGH	ETF	78355W106	4,364	59,327	SH		SOLE		59,327	0	0
ISHARE MSCI EMERGING MARKETS E	ETF	464287234	13,112	400,000	SH		SOLE		400,000	0	0
ISHARES CORE MSCI EMERGING MKT	ETF	46434G103	27,564	691,000	SH		SOLE		691,000	0	0
ISHARES CORE TOTAL US BOND ETF	ETF	464287226	8,218	75,000	SH		SOLE		75,000	0	0
ISHARES JAPAN	ETF	464286848	3,086	270,000	SH		SOLE		270,000	0	0
ISHARES MSCI CANADA INDEX	ETF	464286509	6,072	264,000	SH		SOLE		264,000	0	0
ISHARES MSCI UNITED KINGDOM	ETF	46434V548	5,573	340,000	SH		SOLE		340,000	0	0
ISHARES MSCI USA MOMENTUM FACT	ETF	46432F396	6,387	93,636	SH		SOLE		93,636	0	0
ISHARES RUSSELL 2000 GROWTH ET	ETF	464287648	1,060	7,910	SH		SOLE		7,910	0	0
ISHARES S&P MIDCAP 400/GROWTH	ETF	464287606	6,096	38,803	SH		SOLE		38,803	0	0
MKT VECTORS OIL SERVICES	ETF	57060U191	1,374	50,000	SH		SOLE		50,000	0	0
POWERSHARES BUYBACK ACHIEVERS	ETF	73935X286	4,522	103,299	SH		SOLE		103,299	0	0
PROSHARES S&P500 HI DIV	ETF	73937B654	3,006	95,515	SH		SOLE		95,515	0	0
PUREFD SEC ETF	ETF	30304R407	1,389	55,000	SH		SOLE		55,000	0	0
RUSSELL 2000 INDEX FUND	ETF	464287655	3,986	36,500	SH		SOLE		36,500	0	0
S&P 500 PURE GROWTH	ETF	78355W403	10,335	133,548	SH		SOLE		133,548	0	0
S&P 500 PURE VALUE	ETF	78355W304	8,788	183,883	SH		SOLE		183,883	0	0
S&P500 POWERSHARES VALUE LINE	ETF	73935X682	1,931	87,538	SH		SOLE		87,538	0	0
SELECT SECTOR SPDR-CONSUMER DI	ETF	81369Y407	82,224	1,107,242	SH		SOLE		1,107,242	0	0
SELECT SECTOR SPDR-ENERGY	ETF	81369Y506	33,293	544,000	SH		SOLE		544,000	0	0
SELECT SECTOR SPDR-FINANCIAL	ETF	81369Y605	125,523	5,539,400	SH		SOLE		5,539,400	0	0
SELECT SECTOR SPDR-HEALTH CARE	ETF	81369Y209	75,388	1,138,280	SH		SOLE		1,138,280	0	0
SELECT SECTOR SPDR-INDUSTRIAL	ETF	81369Y704	51,067	1,023,600	SH		SOLE		1,023,600	0	0
SELECT SECTOR SPDR-MATERIALS	ETF	81369Y100	11,958	299,550	SH		SOLE		299,550	0	0
SELECT SECTOR SPDR-TECHNOLOGY	ETF	81369Y803	113,540	2,874,427	SH		SOLE		2,874,427	0	0
SELECT SECTOR SPDR-UTILITIES	ETF	81369Y886	20,654	477,100	SH		SOLE		477,100	0	0
SPDR-S&P 500 INDEX	ETF	78462F103	50,648	264,300	SH		SOLE		264,300	0	0
SPDR-S&P DIVIDEND	ETF	78464A763	1,307	18,115	SH		SOLE		18,115	0	0
VANGUARD FTSE DEVELOPED MARKET	ETF	921943858	13,739	385,500	SH		SOLE		385,500	0	0