Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Coach Inc	1,130,809	$32.71M	12.6%	$56.64	—	COM	189754104
IBOC	International Bancshares Corp.	515,525	$12.9M	5.0%	$14.96	+32.9%	COM	459044103
—	Powershares QQQ Trust Series 1	109,426	$11.13M	4.3%	$71.27	—	COM	73935A104
—	PowerShares KBW Bank ETF	247,110	$8.886M	3.4%	$33.12	—	COM	73937b746
—	First Trust ISE-Revere Natural	1,140,585	$6.41M	2.5%	$11.34	—	COM	33734j102
ITB	iShares DJ US Home Constructio	239,451	$6.25M	2.4%	$22.54	—	COM	464288752
MGK	Vanguard MegaCap300 Growth Ind	75,331	$5.858M	2.3%	$64.33	—	COM	921910816
IXN	IShares S&P Global Technology	57,005	$5.129M	2.0%	$79.72	—	COM	464287291
MGC	Vanguard Mega Cap 300 Index ET	66,925	$4.369M	1.7%	$55.88	—	COM	921910873
VO	Vanguard Mid-Cap ETF	36,318	$4.237M	1.6%	$127.75	—	COM	922908629
VFH	Vanguard Financials ETF	90,686	$4.198M	1.6%	$45.54	—	COM	92204A405
—	General Electric Company	146,081	$3.684M	1.4%	$23.27	—	COM	369604103
AAPL	Apple Inc	31,710	$3.498M	1.4%	$18.46	+42.4%	COM	037833100
—	SPDR S&P Oil & Gas Explor & Pr	102,706	$3.373M	1.3%	$43.00	—	COM	78464A730
—	Blackstone Group LP	96,775	$3.065M	1.2%	$22.20	—	COM	09253U108
UNH	UnitedHealth Group, Inc.	26,301	$3.051M	1.2%	$50.94	+98.7%	COM	91324P102
BAC	Bank of America Corp	186,653	$2.908M	1.1%	$10.09	+33.2%	COM	060505104
MGV	Vanguard MegaCap 300 Value Ind	50,795	$2.806M	1.1%	$53.18	—	COM	921910840
VEU	Vanguard FTSE All World Ex-US	64,825	$2.763M	1.1%	$44.25	—	COM	922042775
HD	Home Depot Inc	23,143	$2.673M	1.0%	$56.08	+61.3%	COM	437076102
VXF	Vanguard Extended Market Index	32,694	$2.669M	1.0%	$81.45	—	COM	922908652
—	Carlyle Group	155,120	$2.606M	1.0%	$24.53	—	COM	14309l102
EWZ	iShares MSCI Brazil Index ETF	113,620	$2.494M	1.0%	$27.48	—	COM	464286400
MSFT	Microsoft Corp	55,622	$2.462M	1.0%	$26.70	+45.8%	COM	594918104
JPM	JPMorgan Chase & Co	34,907	$2.128M	0.8%	$36.44	+36.2%	COM	46625H100
—	KKR & Co. LP Del Com Units	126,175	$2.117M	0.8%	$21.49	—	COM	48248m102
C	Citigroup Inc	42,489	$2.108M	0.8%	$35.84	+13.7%	COM	172967424
AIG	American International Group N	35,959	$2.043M	0.8%	$33.84	+39.4%	COM	026874784
CMCSA	Comcast Corp New Cl A	35,734	$2.033M	0.8%	$15.70	+48.7%	COM	20030N101
INTC	Intel Corp	64,917	$1.957M	0.8%	$17.19	+31.6%	COM	458140100
—	Global X Silver Miners ETF	296,275	$1.914M	0.7%	$10.69	—	COM	37950E853
VWO	Vanguard Emerging Markets ETF	57,390	$1.899M	0.7%	$38.11	—	COM	922042858
ORCL	Oracle Corp	51,900	$1.875M	0.7%	$27.61	+19.2%	COM	68389X105
WFC	Wells Fargo & Co New	36,397	$1.869M	0.7%	$27.77	+47.9%	COM	949746101
TEVA	Teva Pharmaceutical Industries	32,917	$1.858M	0.7%	$39.20	—	COM	881624209
—	Hewlett Packard Co.	72,317	$1.852M	0.7%	$24.96	—	COM	428236103
DIS	The Walt Disney Co.	17,639	$1.803M	0.7%	$56.75	+75.7%	COM	254687106
FDX	FedEx Corp.	11,705	$1.685M	0.7%	$81.95	+66.3%	COM	31428X106
CSCO	Cisco Systems Inc	63,517	$1.667M	0.6%	$15.33	+27.7%	COM	17275R102
PG	Procter & Gamble	22,558	$1.623M	0.6%	$55.30	+1.9%	COM	742718109
—	Time Warner, Inc.	23,208	$1.596M	0.6%	$57.98	—	COM	887317303
PFE	Pfizer, Inc.	50,705	$1.593M	0.6%	$16.63	+23.9%	COM	717081103
VOE	Vanguard Mid-Cap Value ETF	18,960	$1.578M	0.6%	$84.25	—	COM	922908512
VTI	Vanguard Total Stock Mkt	14,900	$1.471M	0.6%	$98.72	—	COM	922908769
IWD	iShares Russell 1000 Value Ind	15,700	$1.464M	0.6%	$90.00	—	COM	464287598
JNJ	Johnson & Johnson	14,946	$1.395M	0.5%	$60.00	+20.8%	COM	478160104
T	AT&T, Inc.	42,706	$1.391M	0.5%	$11.34	+8.2%	COM	00206R102
SCHW	Charles Schwab Corp.	47,846	$1.366M	0.5%	$15.92	+77.3%	COM	808513105
YUM	Yum! Brands, Inc.	16,714	$1.336M	0.5%	$39.34	+26.7%	COM	988498101
BRK/B	Berkshire Hathaway Cl B	9,745	$1.271M	0.5%	$116.94	+17.2%	COM	084670702
MCD	McDonald's Corp.	12,820	$1.263M	0.5%	$71.78	+5.0%	COM	580135101
AXP	American Express Company	17,012	$1.261M	0.5%	$60.15	+10.1%	COM	025816109
COST	Costco Wholesale Corp New	8,720	$1.261M	0.5%	$86.84	+37.7%	COM	22160K105
HON	Honeywell International	13,107	$1.241M	0.5%	$53.55	+36.9%	COM	438516106
—	PowerShares KBW Regional Banki	29,975	$1.22M	0.5%	$33.43	—	COM	73937b712
SPY	SPDR S&P 500 Index ETF	6,096	$1.168M	0.5%	$187.88	—	COM	78462F103
VGK	Vanguard European ETF	23,633	$1.162M	0.4%	$51.22	—	COM	922042874
IBM	International Business Machine	7,990	$1.158M	0.4%	$117.44	-18.8%	COM	459200101
VOT	Vanguard Mid-Cap Growth ETF	11,310	$1.1M	0.4%	$95.40	—	COM	922908538
SONY	Sony Corp. (ADR)	43,297	$1.061M	0.4%	$21.15	—	COM	835699307
BMY	Bristol-Myers Squibb Co.	17,470	$1.034M	0.4%	$28.67	+55.4%	COM	110122108
IWF	iShares Russell 1000 Growth In	11,034	$1.026M	0.4%	$76.39	—	COM	464287614
—	SPDR S&P Homebuilders ETF	29,165	$998K	0.4%	$30.67	—	COM	78464a888
UBS	UBS Group CHF0.10	53,785	$991K	0.4%	$17.24	+22.9%	COM	H42097107
—	Chesapeake Energy Corp	133,660	$980K	0.4%	$14.48	—	COM	165167107
EFV	iShares MSCI EAFE Value Index	20,930	$969K	0.4%	$47.94	—	COM	464288877
—	TE Connectivity Ltd. F	15,525	$930K	0.4%	$45.52	—	COM	h84989104
OEF	iShares S&P 100 Index ETF	10,875	$922K	0.4%	$71.93	—	COM	464287101
PHG	Koninklijke Philips Electronic	39,319	$922K	0.4%	$27.19	—	COM	500472303
EZU	iShares MSCI EMU Index Fund ET	26,500	$910K	0.4%	$36.36	—	COM	464286608
LMT	Lockheed Martin Corp	4,385	$909K	0.4%	$71.65	+114.8%	COM	539830109
—	SPDR Dow Jones Industrial Aver	5,505	$895K	0.3%	$154.22	—	COM	78467x109
—	Market Vectors Gold Miners ETF	64,500	$886K	0.3%	$21.88	—	COM	57060u100
LOW	Lowe's Companies, Inc.	12,850	$886K	0.3%	$32.16	+77.1%	COM	548661107
—	EMC Corp.	36,120	$873K	0.3%	$23.70	—	COM	268648102
FNDB	Schwab Fundamental US Broad Mk	31,212	$847K	0.3%	$29.63	—	COM	808524789
—	iShares MSCI Japan Index ETF	72,750	$832K	0.3%	$11.42	—	COM	464286848
—	Paypal	26,225	$814K	0.3%	$31.04	—	COM	70450y103
DBEU	DB X-Trackers MSCI Europe UCIT	14,850	$791K	0.3%	$59.67	—	COM	233051853
BA	Boeing Co	5,920	$775K	0.3%	$83.36	+47.9%	COM	097023105
—	SPDR Dow Jones Global Real Est	16,703	$754K	0.3%	$45.25	—	COM	78463x749
VTV	Vanguard Value ETF	9,652	$741K	0.3%	$81.64	—	COM	922908744
VUG	Vanguard Growth ETF	7,340	$736K	0.3%	$83.30	—	COM	922908736
KRE	SPDR KBW Regional Banking ETF	17,800	$733K	0.3%	$34.21	—	COM	78464A698
COP	ConocoPhillips	15,122	$725K	0.3%	$39.74	-7.4%	COM	20825C104
TELFY	Telefonica SA (ADR)	59,539	$717K	0.3%	$13.02	—	COM	879382208
XOM	Exxon Mobil Corp	9,115	$678K	0.3%	$53.86	-8.9%	COM	30231G102
IWS	iShares Russell Midcap Value I	10,050	$674K	0.3%	$57.92	—	COM	464287473
VB	Vanguard Small-Cap ETF	6,180	$667K	0.3%	$113.70	—	COM	922908751
HUM	Humana Inc	3,700	$662K	0.3%	$71.14	+139.0%	COM	444859102
EBAY	eBay, Inc.	26,225	$641K	0.2%	$20.18	+18.6%	COM	278642103
CVS	CVS Caremark Corp	6,600	$637K	0.2%	$43.12	+80.4%	COM	126650100
VZ	Verizon Communications	14,401	$627K	0.2%	$26.99	+0.1%	COM	92343V104
BDX	Becton Dickinson & Co	4,597	$610K	0.2%	$79.38	+50.2%	COM	075887109
—	AIG Warrants Expire 1/19/2021	26,226	$595K	0.2%	$18.24	—	COM	026874156
XLE	Energy Select Sector SPDR	9,405	$576K	0.2%	$76.40	—	COM	81369Y506
XLF	Financial Select Sector SPDR	24,500	$555K	0.2%	$19.44	—	COM	81369Y605
SAP	SAP AG (ADR)	8,509	$551K	0.2%	$73.37	—	COM	803054204
PEP	Pepsico, Inc.	5,845	$551K	0.2%	$57.11	+21.7%	COM	713448108
HST	Host Hotels & Resorts, Inc.	34,698	$549K	0.2%	$10.74	+14.3%	COM	44107P104
AMGN	Amgen Inc.	3,936	$544K	0.2%	$73.34	+58.5%	COM	031162100
AMZN	Amazon.com, Inc.	1,049	$537K	0.2%	$14.04	+80.0%	COM	023135106
IWP	iShares Russell Midcap Growth	6,030	$534K	0.2%	$75.33	—	COM	464287481
—	JP Morgan Warrants Exp. 10/28/	25,950	$517K	0.2%	$16.27	—	COM	46634e114
PM	Philip Morris International In	6,478	$514K	0.2%	$49.64	-1.5%	COM	718172109
CVX	Chevron Corp	6,465	$510K	0.2%	$70.89	-24.0%	COM	166764100
IWN	iShares Russell 2000 Value Ind	5,580	$503K	0.2%	$86.24	—	COM	464287630
EEM	iShares MSCI Emerging Markets	15,250	$500K	0.2%	$35.22	—	COM	464287234
—	Viacom Inc Cl B New	11,549	$498K	0.2%	$65.98	—	COM	92553P201
MCK	McKesson Corp.	2,528	$468K	0.2%	$108.95	+79.5%	COM	58155Q103
TM	Toyota Motor Corp. (ADR)	3,980	$467K	0.2%	$120.67	—	COM	892331307
—	Aetna Inc New	4,251	$465K	0.2%	$64.04	—	COM	00817Y108
XLV	Health Care Sector Select SPDR	7,000	$464K	0.2%	$52.77	—	COM	81369Y209
—	Discovery Communications Ser C	19,062	$463K	0.2%	$47.59	—	COM	25470F302
IJH	IShares Core S&P ETF Midcap	3,381	$462K	0.2%	$136.65	—	COM	464287507
MRSH	Marsh & McLennan Companies, In	8,750	$457K	0.2%	$31.19	+49.8%	COM	571748102
QCOM	Qualcomm Inc	8,328	$447K	0.2%	$45.99	-4.0%	COM	747525103
—	United Technologies Corp	4,931	$439K	0.2%	$95.80	—	COM	913017109
—	Industrial Select Sector SPDR	8,775	$438K	0.2%	$56.37	—	COM	81369y704
MMM	3M Company	3,059	$434K	0.2%	$62.09	+40.9%	COM	88579Y101
—	Tyco International PLC Shares	12,770	$427K	0.2%	$43.86	—	COM	g91442106
VYM	Vanguard High Dividend Yield E	6,800	$426K	0.2%	$65.77	—	COM	921946406
KBE	SPDR KBW Bank ETF	12,762	$424K	0.2%	$29.14	—	COM	78464A797
VNQ	Vanguard REIT ETF	5,580	$422K	0.2%	$73.20	—	COM	922908553
—	Level 3 Communications	9,664	$422K	0.2%	$21.09	—	COM	52729n308
—	GlaxoSmithKline Plc (ADR)	10,932	$420K	0.2%	$50.08	—	COM	37733W105
—	Banco Santander, S.A. (ADR)	79,330	$419K	0.2%	$7.00	—	COM	05964h105
CAT	Caterpillar Inc	6,395	$418K	0.2%	$61.63	-4.1%	COM	149123101
XLK	Technology Select Sector SPDR	10,388	$410K	0.2%	$31.80	—	COM	81369Y803
—	Yahoo! Inc.	14,190	$410K	0.2%	$25.12	—	COM	984332106
TMO	Thermo Fisher Scientific	3,350	$410K	0.2%	$79.76	+58.4%	COM	883556102
WMT	Wal-Mart Stores Inc	6,284	$407K	0.2%	$19.99	-5.4%	COM	931142103
NKE	Nike Inc Cl B	3,300	$406K	0.2%	$30.96	+60.2%	COM	654106103
NVS	Novartis AG (ADR)	4,395	$404K	0.2%	$70.87	—	COM	66987V109
—	Monsanto Company	4,610	$393K	0.2%	$99.75	—	COM	61166W101
CAR	Avis Budget Group Inc	8,940	$390K	0.2%	$28.57	+44.2%	COM	053774105
—	Oaktree Capital	7,585	$375K	0.1%	$49.44	—	COM	674001201
V	Visa, Inc. Cl A	5,300	$369K	0.1%	$56.35	+17.8%	COM	92826C839
IEV	iShares S&P Euro 350 Index Fun	8,700	$346K	0.1%	$39.34	—	COM	464287861
GS	Goldman Sachs Group Inc	1,980	$344K	0.1%	$125.69	+26.4%	COM	38141G104
—	Medtronic Inc.	5,110	$342K	0.1%	$77.95	—	COM	g5960L103
—	Google Inc Cl C	559	$340K	0.1%	$608.23	—	COM	38259p706
IWV	iShares Russell 3000 Index Fun	2,925	$333K	0.1%	$96.41	—	COM	464287689
SCHX	Schwab US Large-Cap ETF	7,243	$331K	0.1%	$49.53	—	COM	808524201
MRK	Merck & Co Inc New	6,575	$325K	0.1%	$30.02	+27.9%	COM	58933Y105
MDY	SPDR S&P MidCap 400 ETF	1,300	$324K	0.1%	$275.73	—	COM	78467Y107
—	Google Inc Cl A	496	$317K	0.1%	$639.11	—	COM	38259p508
—	ProShares Ultra Pro S&P500	6,000	$314K	0.1%	$69.33	—	COM	74347x864
PNC	PNC Financial Services Group,	3,500	$312K	0.1%	$47.34	+43.0%	COM	693475105
SNY	Sanofi Aventis (ADR)	6,550	$311K	0.1%	$51.45	—	COM	80105N105
—	Direxion Daily Financial Bull	12,000	$301K	0.1%	$40.67	—	COM	25459y694
—	SPDR DJ Euro Stoxx 50 ETF	8,900	$301K	0.1%	$34.51	—	COM	78463x202
VT	Vanguard Total World Stock ETF	5,415	$300K	0.1%	$62.10	—	COM	922042742
WM	Waste Management Inc.	6,000	$299K	0.1%	$30.75	+32.8%	COM	94106L109
—	PowerShares Global Listed Priv	28,500	$299K	0.1%	$12.01	—	COM	73935x195
—	Federal Realty Investment Trus	2,175	$297K	0.1%	$103.55	—	COM	313747206
SLB	Schlumberger Ltd F	4,296	$296K	0.1%	$55.18	+6.8%	COM	806857108
—	PowerShares Water Resources	14,200	$292K	0.1%	$22.04	—	COM	73935X575
IWM	iShares Russell 2000 Index ETF	2,655	$290K	0.1%	$125.05	—	COM	464287655
FNDF	Schwab Fundamental Intl. Large	12,118	$288K	0.1%	$25.67	—	COM	808524755
VSH	Vishay Intertechnology	29,440	$285K	0.1%	$10.88	-20.2%	COM	928298108
WPP	WPP Plc (ADR)	2,709	$282K	0.1%	$114.41	—	COM	92937A102
MO	Altria Group Inc	5,135	$279K	0.1%	$19.20	+40.7%	COM	02209S103
HMC	Honda Motor Co Ltd (ADR)	9,168	$274K	0.1%	$36.65	—	COM	438128308
—	Expedia Inc	2,300	$271K	0.1%	$93.91	—	COM	30212p303
HSBC	HSBC Hldgs PLC (ADR)New	7,117	$270K	0.1%	$51.33	—	COM	404280406
AIVL	WisdomTree Dividend Ex-Financi	3,945	$265K	0.1%	$63.63	—	COM	97717W406
VSS	Vanguard FTSE All-World ex-US	2,900	$263K	0.1%	$90.69	—	COM	922042718
MOV	Movado Group Inc.	10,000	$258K	0.1%	$32.63	-20.3%	COM	624580106
DEO	Diageo Plc New (ADR)	2,370	$255K	0.1%	$115.16	—	COM	25243Q205
VEA	Vanguard FTSE Developed Market	7,110	$253K	0.1%	$39.66	—	COM	921943858
DHS	WisdomTree Equity Income ETF	4,500	$250K	0.1%	$51.96	—	COM	97717W208
MS	Morgan Stanley	7,140	$225K	0.1%	$21.93	+24.3%	COM	617446448
STT	State Street Corp	3,200	$215K	0.1%	$44.60	+24.0%	COM	857477103
KO	Coca-Cola Co.	5,349	$215K	0.1%	$27.85	+3.5%	COM	191216100
XLB	Materials Select Sector SPDR E	5,325	$213K	0.1%	$47.14	—	COM	81369Y100
—	Mexico Fund Inc	12,004	$209K	0.1%	$30.74	—	COM	592835102
AFL	AFLAC Inc	3,600	$209K	0.1%	$24.64	-3.8%	COM	001055102
SCHE	Schwab Emerging Markets Equity	10,281	$208K	0.1%	$24.05	—	COM	808524706
—	CBS Corp Cl B New	5,190	$207K	0.1%	$49.13	—	COM	124857202
AMAT	Applied Materials Inc	14,100	$207K	0.1%	$12.42	+18.7%	COM	038222105
—	Whole Foods Market Inc	6,500	$206K	0.1%	$47.04	—	COM	966837106
RWX	SPDR DJ International Real Est	5,145	$202K	0.1%	$41.79	—	COM	78463X863
—	ADT Corporation	6,700	$200K	0.1%	$34.96	—	COM	00101j106
—	Alcatel-Lucent (ADR)	53,970	$197K	0.1%	$1.82	—	COM	013904305
XME	SPDR S&P Metals & Mining ETF	11,100	$186K	0.1%	$30.90	—	COM	78464A755
GLW	Corning Inc	10,600	$181K	0.1%	$10.49	+30.0%	COM	219350105
NEM	Newmont Mining Corp	10,150	$163K	0.1%	$25.10	-44.2%	COM	651639106
—	Swiss Helvetia Fund	12,501	$136K	0.1%	$12.38	—	COM	870875101
—	Royce Value Trust Inc	10,311	$119K	0.0%	$15.15	—	COM	780910105
—	Vale S.A. American Depositary	25,500	$107K	0.0%	$12.59	—	COM	91912e105
NOK	Nokia Corp (ADR)	13,998	$95,000	0.0%	$3.79	—	COM	654902204
PBR	Petroleo Brasileiro SA (ADR)	21,700	$94,000	0.0%	$11.18	—	COM	71654V408
—	Bank of America Corp Warrants	10,000	$57,000	0.0%	$5.70	—	COM	060505146