Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Coach Inc	1,143,949	$45.86M	15.6%	$56.44	—	COM	189754104
IBOC	International Bancshares Corp.	490,525	$12.1M	4.1%	$14.96	+20.1%	COM	459044103
—	Powershares QQQ Trust Series 1	108,565	$11.86M	4.0%	$72.02	—	COM	73935A104
—	PowerShares KBW Bank ETF	273,182	$9.031M	3.1%	$33.11	—	COM	73937b746
MGK	Vanguard MegaCap300 Growth Ind	76,506	$6.36M	2.2%	$64.33	—	COM	921910816
ITB	iShares DJ US Home Constructio	234,401	$6.348M	2.2%	$22.54	—	COM	464288752
VO	Vanguard Mid-Cap ETF	47,258	$5.729M	1.9%	$126.06	—	COM	922908629
IXN	IShares S&P Global Technology	55,705	$5.562M	1.9%	$79.72	—	COM	464287291
MGC	Vanguard Mega Cap 300 Index ET	67,015	$4.698M	1.6%	$55.88	—	COM	921910873
—	First Trust ISE-Revere Natural	1,121,085	$4.619M	1.6%	$11.34	—	COM	33734j102
—	Carlyle Group	270,650	$4.569M	1.5%	$20.80	—	COM	14309l102
—	General Electric Company	141,206	$4.489M	1.5%	$23.27	—	COM	369604103
VFH	Vanguard Financials ETF	95,221	$4.414M	1.5%	$45.59	—	COM	92204A405
—	KKR & Co. LP Del Com Units	295,325	$4.338M	1.5%	$17.93	—	COM	48248m102
—	Blackstone Group LP	133,960	$3.758M	1.3%	$24.04	—	COM	09253U108
EWZ	iShares MSCI Brazil Index ETF	137,530	$3.617M	1.2%	$26.29	—	COM	464286400
—	SPDR S&P Oil & Gas Explor & Pr	116,940	$3.549M	1.2%	$41.45	—	COM	78464A730
MGV	Vanguard MegaCap 300 Value Ind	58,550	$3.486M	1.2%	$53.97	—	COM	921910840
AAPL	Apple Inc	31,710	$3.456M	1.2%	$18.46	+22.1%	COM	037833100
UNH	UnitedHealth Group, Inc.	25,411	$3.275M	1.1%	$50.94	+98.1%	COM	91324P102
VEU	Vanguard FTSE All World Ex-US	73,155	$3.157M	1.1%	$44.15	—	COM	922042775
MSFT	Microsoft Corp	55,042	$3.04M	1.0%	$26.70	+72.5%	COM	594918104
HD	Home Depot Inc	22,408	$2.99M	1.0%	$56.08	+75.4%	COM	437076102
VXF	Vanguard Extended Market Index	33,794	$2.798M	0.9%	$81.51	—	COM	922908652
BAC	Bank of America Corp	191,689	$2.592M	0.9%	$10.12	+7.2%	COM	060505104
VWO	Vanguard Emerging Markets ETF	72,756	$2.516M	0.9%	$37.09	—	COM	922042858
CMCSA	Comcast Corp New Cl A	36,072	$2.203M	0.7%	$15.87	+43.4%	COM	20030N101
ORCL	Oracle Corp	53,250	$2.178M	0.7%	$27.75	+15.2%	COM	68389X105
INTC	Intel Corp	64,567	$2.089M	0.7%	$17.19	+41.9%	COM	458140100
JPM	JPMorgan Chase & Co	34,517	$2.044M	0.7%	$36.44	+23.1%	COM	46625H100
XLE	Energy Select Sector SPDR	31,595	$1.955M	0.7%	$65.21	—	COM	81369Y506
FDX	FedEx Corp.	11,955	$1.945M	0.7%	$83.01	+43.6%	COM	31428X106
AIG	American International Group N	35,059	$1.895M	0.6%	$33.84	+24.4%	COM	026874784
PG	Procter & Gamble	22,678	$1.867M	0.6%	$55.30	+11.5%	COM	742718109
IWD	iShares Russell 1000 Value Ind	18,850	$1.863M	0.6%	$91.26	—	COM	464287598
C	Citigroup Inc	43,625	$1.821M	0.6%	$35.57	-12.2%	COM	172967424
—	Global X Silver Miners ETF	66,683	$1.768M	0.6%	$18.51	—	COM	37954y848
CSCO	Cisco Systems Inc	61,567	$1.753M	0.6%	$15.33	+23.6%	COM	17275R102
TEVA	Teva Pharmaceutical Industries	32,717	$1.751M	0.6%	$39.20	—	COM	881624209
DIS	The Walt Disney Co.	17,499	$1.738M	0.6%	$56.75	+56.8%	COM	254687106
WFC	Wells Fargo & Co New	35,397	$1.712M	0.6%	$27.77	+33.6%	COM	949746101
—	Time Warner, Inc.	22,912	$1.662M	0.6%	$57.98	—	COM	887317303
T	AT&T, Inc.	40,814	$1.599M	0.5%	$11.34	+22.0%	COM	00206R102
VOE	Vanguard Mid-Cap Value ETF	18,290	$1.593M	0.5%	$84.25	—	COM	922908512
JNJ	Johnson & Johnson	14,616	$1.581M	0.5%	$60.00	+31.3%	COM	478160104
MCD	McDonald's Corp.	12,541	$1.576M	0.5%	$71.78	+30.9%	COM	580135101
VTI	Vanguard Total Stock Mkt	15,020	$1.574M	0.5%	$98.72	—	COM	922908769
PFE	Pfizer, Inc.	50,768	$1.505M	0.5%	$16.63	+12.3%	COM	717081103
BRK/B	Berkshire Hathaway Cl B	10,045	$1.425M	0.5%	$117.46	+12.9%	COM	084670702
HON	Honeywell International	12,682	$1.421M	0.5%	$53.55	+42.5%	COM	438516106
YUM	Yum! Brands, Inc.	16,814	$1.376M	0.5%	$39.34	+11.3%	COM	988498101
COST	Costco Wholesale Corp New	8,670	$1.366M	0.5%	$86.84	+47.1%	COM	22160K105
SCHW	Charles Schwab Corp.	46,446	$1.301M	0.4%	$15.92	+46.4%	COM	808513105
SPY	SPDR S&P 500 Index ETF	6,096	$1.253M	0.4%	$187.88	—	COM	78462F103
—	Hewlett Packard Enterprise Com	70,566	$1.251M	0.4%	$15.21	—	COM	42824c109
VOT	Vanguard Mid-Cap Growth ETF	12,210	$1.224M	0.4%	$95.73	—	COM	922908538
—	Industrial Select Sector SPDR	21,920	$1.216M	0.4%	$54.57	—	COM	81369y704
VGK	Vanguard European ETF	25,033	$1.215M	0.4%	$51.12	—	COM	922042874
GNR	SPDR S&P Global Natural Resour	34,724	$1.214M	0.4%	$32.09	—	COM	78463X541
IWF	iShares Russell 1000 Growth In	11,634	$1.161M	0.4%	$77.59	—	COM	464287614
IBM	International Business Machine	7,615	$1.153M	0.4%	$117.44	-28.4%	COM	459200101
XLB	Materials Select Sector SPDR E	25,690	$1.151M	0.4%	$44.37	—	COM	81369Y100
—	PowerShares KBW Regional Banki	29,475	$1.15M	0.4%	$33.43	—	COM	73937b712
AXP	American Express Company	18,737	$1.15M	0.4%	$59.28	-14.8%	COM	025816109
BMY	Bristol-Myers Squibb Co.	17,280	$1.104M	0.4%	$28.67	+56.3%	COM	110122108
—	Apollo Global Management LLC	63,000	$1.079M	0.4%	$15.21	—	COM	037612306
SONY	Sony Corp. (ADR)	41,597	$1.07M	0.4%	$21.15	—	COM	835699307
PHG	Koninklijke Philips Electronic	36,901	$1.054M	0.4%	$27.19	—	COM	500472303
—	Oaktree Capital	21,100	$1.041M	0.4%	$48.42	—	COM	674001201
VTV	Vanguard Value ETF	12,212	$1.006M	0.3%	$81.71	—	COM	922908744
—	Market Vectors Gold Miners ETF	50,400	$1.006M	0.3%	$21.88	—	COM	57060u100
—	Paypal	25,975	$1.003M	0.3%	$31.04	—	COM	70450y103
—	SPDR Dow Jones Industrial Aver	5,630	$994K	0.3%	$154.72	—	COM	78467x109
EFV	iShares MSCI EAFE Value Index	22,030	$988K	0.3%	$47.83	—	COM	464288877
OEF	iShares S&P 100 Index ETF	10,675	$975K	0.3%	$71.93	—	COM	464287101
—	TE Connectivity Ltd. F	15,675	$971K	0.3%	$45.52	—	COM	h84989104
EZU	iShares MSCI EMU Index Fund ET	28,050	$965K	0.3%	$36.28	—	COM	464286608
—	EMC Corp.	35,590	$948K	0.3%	$23.70	—	COM	268648102
—	SPDR S&P Homebuilders ETF	27,665	$936K	0.3%	$30.67	—	COM	78464a888
LMT	Lockheed Martin Corp	4,220	$935K	0.3%	$71.65	+130.6%	COM	539830109
LOW	Lowe's Companies, Inc.	12,150	$920K	0.3%	$32.16	+83.1%	COM	548661107
VUG	Vanguard Growth ETF	8,325	$886K	0.3%	$86.03	—	COM	922908736
FNDB	Schwab Fundamental US Broad Mk	29,907	$878K	0.3%	$29.63	—	COM	808524789
—	HP Inc.	70,567	$869K	0.3%	$11.85	—	COM	40434l105
UBS	UBS Group CHF0.10	52,985	$849K	0.3%	$17.23	-5.8%	COM	H42097107
—	SPDR Dow Jones Global Real Est	17,253	$845K	0.3%	$45.36	—	COM	78463x749
—	iShares MSCI Japan Index ETF	72,750	$830K	0.3%	$11.42	—	COM	464286848
BA	Boeing Co	6,375	$809K	0.3%	$85.85	+30.3%	COM	097023105
VB	Vanguard Small-Cap ETF	6,785	$756K	0.3%	$113.46	—	COM	922908751
IWS	iShares Russell Midcap Value I	10,550	$748K	0.3%	$58.43	—	COM	464287473
COP	ConocoPhillips	18,372	$740K	0.3%	$38.03	-26.1%	COM	20825C104
XOM	Exxon Mobil Corp	8,699	$727K	0.2%	$53.86	-3.5%	COM	30231G102
SAP	SAP AG (ADR)	8,609	$692K	0.2%	$73.43	—	COM	803054204
CVS	CVS Caremark Corp	6,600	$685K	0.2%	$43.12	+67.9%	COM	126650100
BDX	Becton Dickinson & Co	4,447	$675K	0.2%	$79.38	+53.9%	COM	075887109
VZ	Verizon Communications	12,351	$668K	0.2%	$26.99	+11.3%	COM	92343V104
HUM	Humana Inc	3,650	$668K	0.2%	$71.14	+125.0%	COM	444859102
KRE	SPDR KBW Regional Banking ETF	17,550	$661K	0.2%	$34.21	—	COM	78464A698
DBEU	DB X-Trackers MSCI Europe UCIT	12,350	$657K	0.2%	$59.67	—	COM	233051853
PM	Philip Morris International In	6,478	$636K	0.2%	$49.64	+12.5%	COM	718172109
EBAY	eBay, Inc.	25,975	$620K	0.2%	$20.18	+7.3%	COM	278642103
CVX	Chevron Corp	6,400	$611K	0.2%	$70.89	-19.0%	COM	166764100
—	Viacom Inc Cl B New	14,421	$595K	0.2%	$61.05	—	COM	92553P201
AMGN	Amgen Inc.	3,936	$590K	0.2%	$73.34	+51.1%	COM	031162100
HST	Host Hotels & Resorts, Inc.	35,027	$585K	0.2%	$10.74	-5.8%	COM	44107P104
TELFY	Telefonica SA (ADR)	52,313	$582K	0.2%	$12.96	—	COM	879382208
AMZN	Amazon.com, Inc.	975	$579K	0.2%	$14.04	+102.1%	COM	023135106
IWP	iShares Russell Midcap Growth	6,230	$574K	0.2%	$75.87	—	COM	464287481
—	AIG Warrants Expire 1/19/2021	30,626	$573K	0.2%	$18.31	—	COM	026874156
PEP	Pepsico, Inc.	5,595	$573K	0.2%	$57.11	+28.3%	COM	713448108
CAT	Caterpillar Inc	7,295	$558K	0.2%	$60.70	-12.6%	COM	149123101
WMT	Wal-Mart Stores Inc	8,098	$555K	0.2%	$19.29	-5.1%	COM	931142103
XLF	Financial Select Sector SPDR	24,500	$551K	0.2%	$19.44	—	COM	81369Y605
MMM	3M Company	3,159	$526K	0.2%	$63.04	+47.1%	COM	88579Y101
—	Yahoo! Inc.	14,190	$522K	0.2%	$25.12	—	COM	984332106
MRSH	Marsh & McLennan Companies, In	8,550	$520K	0.2%	$31.19	+52.0%	COM	571748102
—	Discovery Communications Ser C	19,062	$515K	0.2%	$47.59	—	COM	25470F302
—	Level 3 Communications	9,664	$511K	0.2%	$21.09	—	COM	52729n308
IJH	IShares Core S&P ETF Midcap	3,511	$506K	0.2%	$136.92	—	COM	464287507
VYM	Vanguard High Dividend Yield E	7,250	$501K	0.2%	$65.97	—	COM	921946406
—	JP Morgan Warrants Exp. 10/28/	28,250	$500K	0.2%	$16.39	—	COM	46634e114
IWN	iShares Russell 2000 Value Ind	5,255	$490K	0.2%	$86.42	—	COM	464287630
XLV	Health Care Sector Select SPDR	7,200	$488K	0.2%	$53.19	—	COM	81369Y209
—	United Technologies Corp	4,836	$484K	0.2%	$95.80	—	COM	913017109
XLK	Technology Select Sector SPDR	10,888	$483K	0.2%	$32.31	—	COM	81369Y803
EEM	iShares MSCI Emerging Markets	13,650	$468K	0.2%	$35.22	—	COM	464287234
—	Aetna Inc New	4,151	$466K	0.2%	$64.04	—	COM	00817Y108
TMO	Thermo Fisher Scientific	3,250	$460K	0.2%	$79.76	+63.3%	COM	883556102
—	Tyco International PLC Shares	12,475	$458K	0.2%	$43.86	—	COM	g91442106
VNQ	Vanguard REIT ETF	5,395	$452K	0.2%	$73.42	—	COM	922908553
QCOM	Qualcomm Inc	8,478	$434K	0.1%	$45.68	-19.2%	COM	747525103
—	Alphabet Inc Cl C	559	$416K	0.1%	$758.50	—	COM	02079k107
—	GlaxoSmithKline Plc (ADR)	10,217	$414K	0.1%	$50.08	—	COM	37733W105
TM	Toyota Motor Corp. (ADR)	3,880	$413K	0.1%	$120.67	—	COM	892331307
KBE	SPDR KBW Bank ETF	13,562	$412K	0.1%	$29.21	—	COM	78464A797
—	Monsanto Company	4,610	$404K	0.1%	$99.75	—	COM	61166W101
MCK	McKesson Corp.	2,528	$398K	0.1%	$108.95	+37.3%	COM	58155Q103
V	Visa, Inc. Cl A	5,000	$382K	0.1%	$56.35	+20.3%	COM	92826C839
—	ProShares Ultra Pro S&P500	6,000	$380K	0.1%	$69.33	—	COM	74347x864
—	Alphabet Inc Cl A	496	$378K	0.1%	$778.23	—	COM	02079k305
—	Medtronic Inc.	4,990	$374K	0.1%	$77.95	—	COM	g5960L103
SCHX	Schwab US Large-Cap ETF	7,318	$357K	0.1%	$49.53	—	COM	808524201
MDY	SPDR S&P MidCap 400 ETF	1,350	$355K	0.1%	$275.25	—	COM	78467Y107
IWV	iShares Russell 3000 Index Fun	2,925	$354K	0.1%	$96.41	—	COM	464287689
WM	Waste Management Inc.	6,000	$354K	0.1%	$30.75	+49.4%	COM	94106L109
SCHE	Schwab Emerging Markets Equity	16,958	$352K	0.1%	$22.33	—	COM	808524706
XME	SPDR S&P Metals and Mining ETF	16,850	$345K	0.1%	$25.46	—	COM	78464A755
VSH	Vishay Intertechnology	28,203	$344K	0.1%	$10.83	-12.2%	COM	928298108
IEV	iShares S&P Euro 350 Index Fun	8,700	$340K	0.1%	$39.34	—	COM	464287861
—	Federal Realty Investment Trus	2,175	$339K	0.1%	$103.55	—	COM	313747206
MRK	Merck & Co Inc New	6,325	$335K	0.1%	$30.02	+20.0%	COM	58933Y105
NVS	Novartis AG (ADR)	4,395	$318K	0.1%	$70.87	—	COM	66987V109
SLB	Schlumberger Ltd F	4,296	$317K	0.1%	$55.18	-3.7%	COM	806857108
VT	Vanguard Total World Stock ETF	5,417	$313K	0.1%	$62.10	—	COM	922042742
—	PowerShares Water Resources	14,200	$312K	0.1%	$22.04	—	COM	73935X575
MO	Altria Group Inc	4,985	$312K	0.1%	$19.20	+61.9%	COM	02209S103
WPP	WPP Plc (ADR)	2,650	$309K	0.1%	$114.41	—	COM	92937A102
AMAT	Applied Materials Inc	14,100	$299K	0.1%	$12.42	+31.0%	COM	038222105
AIVL	WisdomTree Dividend Ex-Financi	3,945	$298K	0.1%	$63.63	—	COM	97717W406
—	Direxion Daily Financial Bull	12,000	$297K	0.1%	$40.67	—	COM	25459y694
PNC	PNC Financial Services Group,	3,500	$296K	0.1%	$47.34	+30.9%	COM	693475105
—	SPDR DJ Euro Stoxx 50 ETF	8,900	$296K	0.1%	$34.51	—	COM	78463x202
—	PowerShares Global Listed Priv	28,500	$294K	0.1%	$12.01	—	COM	73935x195
VSS	Vanguard FTSE All-World ex-US	3,100	$289K	0.1%	$90.83	—	COM	922042718
—	Banco Santander, S.A. (ADR)	65,598	$286K	0.1%	$6.83	—	COM	05964h105
—	CBS Corp Cl B New	5,190	$286K	0.1%	$49.13	—	COM	124857202
FNDF	Schwab Fundamental Intl. Large	12,025	$285K	0.1%	$25.67	—	COM	808524755
NKE	Nike Inc Cl B	4,636	$285K	0.1%	$38.37	+38.6%	COM	654106103
GS	Goldman Sachs Group Inc	1,780	$279K	0.1%	$125.69	+0.4%	COM	38141G104
—	ADT Corporation	6,700	$276K	0.1%	$34.96	—	COM	00101j106
MOV	Movado Group Inc.	10,000	$275K	0.1%	$32.63	-18.0%	COM	624580106
—	Chesapeake Energy Corp	66,450	$274K	0.1%	$14.34	—	COM	165167107
NEM	Newmont Mining Corp	10,150	$270K	0.1%	$25.10	-27.6%	COM	651639106
DHS	WisdomTree Equity Income ETF	4,250	$269K	0.1%	$51.96	—	COM	97717W208
NOK	Nokia Corp (ADR)	44,818	$265K	0.1%	$5.25	—	COM	654902204
HMC	Honda Motor Co Ltd (ADR)	9,568	$262K	0.1%	$36.07	—	COM	438128308
CAR	Avis Budget Group Inc	9,540	$261K	0.1%	$29.00	-10.5%	COM	053774105
SNY	Sanofi Aventis (ADR)	6,400	$257K	0.1%	$51.45	—	COM	80105N105
KO	Coca-Cola Co.	5,349	$248K	0.1%	$27.85	+14.3%	COM	191216100
—	Expedia Inc	2,300	$248K	0.1%	$93.91	—	COM	30212p303
VEA	Vanguard FTSE Developed Market	6,610	$237K	0.1%	$39.66	—	COM	921943858
IWM	iShares Russell 2000 Index ETF	2,130	$236K	0.1%	$125.05	—	COM	464287655
SCHB	Schwab U.S. Broad Market ETF	4,734	$233K	0.1%	$49.01	—	COM	808524102
GLW	Corning Inc	10,900	$228K	0.1%	$10.58	+34.8%	COM	219350105
DEO	Diageo Plc New (ADR)	2,100	$227K	0.1%	$115.16	—	COM	25243Q205
A	Agilent Technologies Inc	5,636	$225K	0.1%	$35.68	-1.3%	COM	00846U101
—	WisdomTree Mid-Cap Dividend Fu	2,500	$215K	0.1%	$80.40	—	COM	97717w505
—	Mexico Fund Inc	12,004	$215K	0.1%	$30.74	—	COM	592835102
BRK/A	Berkshire Hathaway Inc. 1/100t	100	$213K	0.1%	$199512.94	0.0%	COM	084670108
VMC	Vulcan Materials Company	2,000	$211K	0.1%	$87.06	0.0%	COM	929160109
—	Dupont E.I. Denemours	3,297	$209K	0.1%	$66.73	—	COM	263534109
EMR	Emerson Electric Co	3,818	$208K	0.1%	$37.38	0.0%	COM	291011104
—	Whole Foods Market Inc	6,650	$207K	0.1%	$46.74	—	COM	966837106
—	Potash Corporation of Saskatch	10,050	$171K	0.1%	$17.01	—	COM	73755L107
—	Swiss Helvetia Fund	12,501	$127K	0.0%	$12.38	—	COM	870875101
PBR	Petroleo Brasileiro SA (ADR)	20,900	$122K	0.0%	$11.18	—	COM	71654V408
—	Royce Value Trust Inc	10,100	$118K	0.0%	$15.15	—	COM	780910105
—	Vale S.A. American Depositary	23,000	$97,000	0.0%	$12.59	—	COM	91912e105
—	Bank of America Corp Warrants	15,000	$58,000	0.0%	$5.09	—	COM	060505146