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
ALEXION PHARMACEUTICALS, INC.	COM	015351109	2,335	20,000	SH		SOLE		20,000	0	0
ALLERGAN PLC	COM	G0177J108	4,622	20,000	SH		SOLE		20,000	0	0
ALPHABET INC - CL A	COM	02079K305	3,307	4,700	SH		SOLE		4,700	0	0
ALPHABET INC NON-VOTING CL C	COM	02079K107	1,249	1,805	SH		SOLE		1,805	0	0
AMAZON.COM INC.	COM	023135106	4,652	6,500	SH		SOLE		6,500	0	0
AMERICAN EXPRESS CO.	COM	025816109	2,916	48,000	SH		SOLE		48,000	0	0
APPLE INC	COM	037833100	5,707	59,700	SH		SOLE		59,700	0	0
BANK OF AMERICA	COM	060505104	7,179	541,000	SH		SOLE		541,000	0	0
BHP BILLITON LTD - SPON ADR	COM	088606108	428	15,000	SH		SOLE		15,000	0	0
BNP PARIBAS	COM	05565A202	1,104	50,000	SH		SOLE		50,000	0	0
BRISTOL MYERS SQUIBB	COM	110122108	883	12,000	SH		SOLE		12,000	0	0
BROADCOM LTD	COM	Y09827109	1,026	6,605	SH		SOLE		6,605	0	0
CATERPILLAR INC	COM	149123101	2,274	30,000	SH		SOLE		30,000	0	0
CELANESE CORP-SERIES A	COM	150870103	393	6,000	SH		SOLE		6,000	0	0
CHARLES SCHWAB CORP	COM	808513105	759	30,000	SH		SOLE		30,000	0	0
CITIGROUP	COM	172967424	6,486	153,000	SH		SOLE		153,000	0	0
CITRIX SYSTEM	COM	177376100	400	5,000	SH		SOLE		5,000	0	0
COMCAST CORPORATION	COM	20030N101	2,608	40,000	SH		SOLE		40,000	0	0
COMERICA INC.	COM	200340107	6,811	165,600	SH		SOLE		165,600	0	0
CUMMINS, INC.	COM	231021106	2,249	20,000	SH		SOLE		20,000	0	0
DEERE & CO	COM	244199105	2,107	26,000	SH		SOLE		26,000	0	0
DENTSPLY INTL INC	COM	24906P109	2,482	40,000	SH		SOLE		40,000	0	0
DEXCOM INC.	COM	252131107	3,491	44,000	SH		SOLE		44,000	0	0
DISCOVER FINANCIAL SERVICES	COM	254709108	675	12,600	SH		SOLE		12,600	0	0
DRYSHIPS, INC.	COM	Y2109Q127	12	21,833	SH		SOLE		21,833	0	0
EDWARDS LIFESCIENCES CORP.	COM	28176E108	3,032	30,400	SH		SOLE		30,400	0	0
EMERSON ELECTRIC CO	COM	291011104	2,295	44,000	SH		SOLE		44,000	0	0
EVEREST RE GROUP	COM	G3223R108	767	4,200	SH		SOLE		4,200	0	0
EXPRESS SCRIPTS, INC	COM	30219G108	6,064	80,000	SH		SOLE		80,000	0	0
FACEBOOK	COM	30303M102	2,800	24,500	SH		SOLE		24,500	0	0
FASTENAL CO	COM	311900104	2,308	52,000	SH		SOLE		52,000	0	0
FIDELITY NATIONAL	COM	31620M106	1,326	18,000	SH		SOLE		18,000	0	0
FIFTH THIRD BANK CORP	COM	316773100	5,031	286,000	SH		SOLE		286,000	0	0
GILEAD SCIENCES INC	COM	375558103	1,606	19,250	SH		SOLE		19,250	0	0
GOLDMAN SACHS GROUP	COM	38141G104	2,972	20,000	SH		SOLE		20,000	0	0
HEWLETT PACKARD	COM	40434L105	1,330	106,000	SH		SOLE		106,000	0	0
INTEL CORP	COM	458140100	1,542	47,000	SH		SOLE		47,000	0	0
JP MORGAN	COM	46625H100	9,532	153,400	SH		SOLE		153,400	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
MASCO CORP	COM	574599106	1,114	36,000	SH		SOLE		36,000	0	0
MERCK & CO. INC.	COM	58933Y105	3,457	60,000	SH		SOLE		60,000	0	0
MICROSOFT CORP	COM	594918104	3,019	59,000	SH		SOLE		59,000	0	0
MORGAN STANLEY	COM	617446448	3,832	147,500	SH		SOLE		147,500	0	0
NAVIOS MARITIME HOLDINGS INC.	COM	Y62196103	20	25,000	SH		SOLE		25,000	0	0
NXP SEMICONDUCTORS	COM	N6596X109	4,630	59,100	SH		SOLE		59,100	0	0
ON SEMICONDUCTOR CORP	COM	682189105	1,411	160,000	SH		SOLE		160,000	0	0
ORACLE CORP	COM	68389X105	7,899	193,000	SH		SOLE		193,000	0	0
PACIFIC DRILLING	COM	L7257P114	72	10,000	SH		SOLE		10,000	0	0
PALO ALTO NETWORKS INC	COM	697435105	245	2,000	SH		SOLE		2,000	0	0
PANDORA MEDIA INC	COM	698354107	2,341	188,000	SH		SOLE		188,000	0	0
PULTE GROUP	COM	745867101	5,262	270,000	SH		SOLE		270,000	0	0
PVTPL GDR LEVANESE CO FOR DEV	COM	522386101	395	42,264	SH		SOLE		42,264	0	0
RIO TINTO -ADR	COM	767204100	438	14,000	SH		SOLE		14,000	0	0
SEAGATE TECHNOLOGY HOLDINGS	COM	G7945M107	1,705	70,000	SH		SOLE		70,000	0	0
SHIRE PLC-ADR	COM	82481R106	3,866	21,000	SH		SOLE		21,000	0	0
SIGNATURE BANK	COM	82669G104	3,648	29,200	SH		SOLE		29,200	0	0
ST MICRO ELECTRONICS	COM	861012102	1,060	180,000	SH		SOLE		180,000	0	0
STONEPATH GROUP INC	COM	861837102	1	679,800	SH		SOLE		679,800	0	0
SVB FINANCIAL GROUP	COM	78486Q101	761	8,000	SH		SOLE		8,000	0	0
TEXAS CAPITAL BANCSHARES INC	COM	88224Q107	4,218	90,200	SH		SOLE		90,200	0	0
TEXAS INSTRUMENTS	COM	882508104	752	12,000	SH		SOLE		12,000	0	0
TRANSOCEAN INC	COM	H8817H100	416	35,000	SH		SOLE		35,000	0	0
TWITTER INC	COM	90184L102	3,450	204,000	SH		SOLE		204,000	0	0
UNITED THERAPEUTICS CORP	COM	91307C102	2,690	25,400	SH		SOLE		25,400	0	0
VOLKSWAGEN AG	COM	928662303	2,247	84,000	SH		SOLE		84,000	0	0
WALT DISNEY CO.	COM	254687106	1,839	18,800	SH		SOLE		18,800	0	0
WESTERN DIGITAL CORP	COM	958102105	614	13,000	SH		SOLE		13,000	0	0
ZYNGA, INC.	COM	98986T108	3,075	1,235,000	SH		SOLE		1,235,000	0	0
CCL INDUSTRIES CLB (2417028)	COM	2159795	1,731	10,000	SH		SOLE		10,000	0	0
CONSUMER STAPLES SPDR	ETF	81369Y308	30,692	556,512	SH		SOLE		556,512	0	0
DB COMMODITY INDEX FUND	ETF	73935S105	3,914	255,000	SH		SOLE		255,000	0	0
ISHARE MSCI EMERGING MARKETS E	ETF	464287234	12,713	370,000	SH		SOLE		370,000	0	0
ISHARES CORE MSCI EMERGING MKT	ETF	46434G103	53,198	1,271,472	SH		SOLE		1,271,472	0	0
ISHARES CORE S&P MIDCAP ETF	ETF	464287507	3,010	20,150	SH		SOLE		20,150	0	0
ISHARES CORE TOTAL US BOND ETF	ETF	464287226	24,944	221,500	SH		SOLE		221,500	0	0
ISHARES JAPAN	ETF	464286848	4,680	407,000	SH		SOLE		407,000	0	0
ISHARES MSCI AUSTRALIA INDEX F	ETF	464286103	10,950	563,000	SH		SOLE		563,000	0	0
ISHARES MSCI CANADA INDEX	ETF	464286509	16,746	683,235	SH		SOLE		683,235	0	0
ISHARES MSCI EAFE GROWTH	ETF	464288885	2,579	39,420	SH		SOLE		39,420	0	0
ISHARES MSCI EAFE SMALL CAP	ETF	464288273	1,556	32,250	SH		SOLE		32,250	0	0
ISHARES MSCI EAFE VALUE	ETF	464288877	1,622	37,777	SH		SOLE		37,777	0	0
ISHARES MSCI UNITED KINGDOM	ETF	46434V548	2,136	139,000	SH		SOLE		139,000	0	0
ISHARES MSCI USA MOMENTUM FACT	ETF	46432F396	6,406	83,847	SH		SOLE		83,847	0	0
ISHARES S&P 500 GROWTH ETF	ETF	464287309	1,684	14,446	SH		SOLE		14,446	0	0
ISHARES S&P 500 VALUE ETF	ETF	464287408	4,133	44,492	SH		SOLE		44,492	0	0
ISHARES S&P MIDCAP 400/GROWTH	ETF	464287606	6,566	38,825	SH		SOLE		38,825	0	0
ISHARES S&P MIDCAP 400/VALUE E	ETF	464287705	3,414	26,663	SH		SOLE		26,663	0	0
ISHARES S&P100 ETF	ETF	464287101	12,899	138,847	SH		SOLE		138,847	0	0
JP MORGAN ALERIAN MLP	ETF	46625H365	7,157	225,000	SH		SOLE		225,000	0	0
NASDAQ 100 MFC POWERSHARES	ETF	73935A104	10,754	100,000	SH		SOLE		100,000	0	0
POWERSHARES BUYBACK ACHIEVERS	ETF	73935X286	3,049	67,459	SH		SOLE		67,459	0	0
POWERSHARES S&P 500 QUALITY	ETF	73935X682	3,583	144,318	SH		SOLE		144,318	0	0
PROSHARES S&P500 HI DIV	ETF	73937B654	2,278	59,546	SH		SOLE		59,546	0	0
RUSSELL 2000 INDEX FUND	ETF	464287655	41,946	364,807	SH		SOLE		364,807	0	0
S&P 500 PURE GROWTH	ETF	78355W403	3,045	37,633	SH		SOLE		37,633	0	0
S&P 500 PURE VALUE	ETF	78355W304	1,947	38,183	SH		SOLE		38,183	0	0
SELECT SECTOR SPDR-CONSUMER DI	ETF	81369Y407	77,260	989,751	SH		SOLE		989,751	0	0
SELECT SECTOR SPDR-ENERGY	ETF	81369Y506	42,679	625,420	SH		SOLE		625,420	0	0
SELECT SECTOR SPDR-FINANCIAL	ETF	81369Y605	90,305	3,951,218	SH		SOLE		3,951,218	0	0
SELECT SECTOR SPDR-HEALTH CARE	ETF	81369Y209	65,911	919,200	SH		SOLE		919,200	0	0
SELECT SECTOR SPDR-INDUSTRIAL	ETF	81369Y704	55,648	993,539	SH		SOLE		993,539	0	0
SELECT SECTOR SPDR-MATERIALS	ETF	81369Y100	18,209	392,950	SH		SOLE		392,950	0	0
SELECT SECTOR SPDR-TECHNOLOGY	ETF	81369Y803	102,447	2,362,165	SH		SOLE		2,362,165	0	0
SELECT SECTOR SPDR-UTILITIES	ETF	81369Y886	1,762	33,575	SH		SOLE		33,575	0	0
SPDR S&P OIL & GAS EXPLORATION	ETF	78464A730	24,228	696,000	SH		SOLE		696,000	0	0
SPDR-S&P 500 INDEX	ETF	78462F103	36,511	174,300	SH		SOLE		174,300	0	0
SPDR-S&P DIVIDEND	ETF	78464A763	5,372	64,017	SH		SOLE		64,017	0	0
VANECK VECTORS OIL SERVICES ET	ETF	92189F718	907	31,000	SH		SOLE		31,000	0	0
VANGUARD FTSE DEVELOPED MARKET	ETF	921943858	36,774	1,040,000	SH		SOLE		1,040,000	0	0
VANGUARD FTSE EUROPE ETF	ETF	922042874	980	21,000	SH		SOLE		21,000	0	0