Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Coach Inc	1,143,949	$46.6M	15.5%	$56.44	—	COM	189754104
IBOC	International Bancshares Corp.	490,525	$12.8M	4.3%	$14.96	+36.3%	COM	459044103
—	Powershares QQQ Trust Series 1	114,317	$12.29M	4.1%	$73.80	—	COM	73935A104
—	PowerShares KBW Bank ETF	279,407	$9.327M	3.1%	$33.11	—	COM	73937b746
VO	Vanguard Mid-Cap ETF	53,268	$6.586M	2.2%	$125.78	—	COM	922908629
ITB	iShares DJ US Home Constructio	229,901	$6.357M	2.1%	$22.54	—	COM	464288752
MGK	Vanguard MegaCap300 Growth Ind	75,170	$6.274M	2.1%	$64.33	—	COM	921910816
—	First Trust ISE-Revere Natural	229,510	$5.591M	1.9%	$24.36	—	COM	33733e807
IXN	iShares S&P Global Technology	55,255	$5.378M	1.8%	$79.72	—	COM	464287291
MGC	Vanguard Mega Cap 300 Index ET	64,783	$4.633M	1.5%	$55.88	—	COM	921910873
VFH	Vanguard Financials ETF	95,471	$4.522M	1.5%	$45.59	—	COM	92204A405
—	General Electric Company	133,236	$4.194M	1.4%	$23.27	—	COM	369604103
EWZ	iShares MSCI Brazil Index ETF	136,460	$4.118M	1.4%	$26.29	—	COM	464286400
—	SPDR S&P Oil & Gas Explor & Pr	114,490	$3.985M	1.3%	$41.45	—	COM	78464A730
—	Carlyle Group	241,050	$3.912M	1.3%	$20.80	—	COM	14309l102
MGV	Vanguard MegaCap 300 Value Ind	63,430	$3.905M	1.3%	$54.55	—	COM	921910840
UNH	UnitedHealth Group, Inc.	25,051	$3.537M	1.2%	$50.94	+124.1%	COM	91324P102
—	KKR & Co. LP Del Com Units	279,325	$3.447M	1.1%	$17.93	—	COM	48248m102
AAPL	Apple Inc	35,206	$3.366M	1.1%	$18.87	+19.8%	COM	037833100
—	Blackstone Group LP	121,210	$2.974M	1.0%	$24.04	—	COM	09253U108
VEU	Vanguard FTSE All World Ex-US	66,785	$2.862M	1.0%	$44.15	—	COM	922042775
—	Global X Silver Miners ETF	65,817	$2.851M	0.9%	$18.51	—	COM	37954y848
VXF	Vanguard Extended Market Index	32,940	$2.814M	0.9%	$81.51	—	COM	922908652
HD	Home Depot Inc	20,623	$2.633M	0.9%	$56.08	+87.2%	COM	437076102
BAC	Bank of America Corp	195,848	$2.599M	0.9%	$10.15	+11.7%	COM	060505104
MSFT	Microsoft Corp	50,658	$2.592M	0.9%	$26.70	+72.2%	COM	594918104
VWO	Vanguard Emerging Markets ETF	71,381	$2.515M	0.8%	$37.09	—	COM	922042858
CMCSA	Comcast Corp New Cl A	33,872	$2.208M	0.7%	$15.87	+55.8%	COM	20030N101
XLE	Energy Select Sector SPDR	31,130	$2.124M	0.7%	$65.21	—	COM	81369Y506
ORCL	Oracle Corp	50,850	$2.081M	0.7%	$27.75	+24.6%	COM	68389X105
JPM	JPMorgan Chase & Co	32,707	$2.032M	0.7%	$36.44	+32.6%	COM	46625H100
INTC	Intel Corp	61,442	$2.015M	0.7%	$17.19	+46.1%	COM	458140100
C	Citigroup Inc	45,659	$1.935M	0.6%	$35.46	-6.7%	COM	172967424
IWD	iShares Russell 1000 Value Ind	18,600	$1.92M	0.6%	$91.26	—	COM	464287598
PG	Procter & Gamble	21,999	$1.863M	0.6%	$55.30	+14.5%	COM	742718109
FDX	FedEx Corp.	11,885	$1.804M	0.6%	$83.01	+67.7%	COM	31428X106
PFE	Pfizer, Inc.	50,768	$1.788M	0.6%	$16.63	+26.6%	COM	717081103
T	AT&T, Inc.	41,180	$1.779M	0.6%	$11.34	+33.2%	COM	00206R102
AIG	American International Group N	33,625	$1.778M	0.6%	$33.84	+28.0%	COM	026874784
CSCO	Cisco Systems Inc	57,667	$1.654M	0.6%	$15.33	+36.1%	COM	17275R102
TEVA	Teva Pharmaceutical Industries	32,547	$1.635M	0.5%	$39.20	—	COM	881624209
WFC	Wells Fargo & Co New	34,467	$1.631M	0.5%	$27.77	+34.0%	COM	949746101
VOE	Vanguard Mid-Cap Value ETF	18,240	$1.625M	0.5%	$84.25	—	COM	922908512
JNJ	Johnson & Johnson	13,391	$1.624M	0.5%	$60.00	+45.1%	COM	478160104
DIS	The Walt Disney Co.	16,213	$1.586M	0.5%	$56.75	+62.4%	COM	254687106
VTI	Vanguard Total Stock Mkt	14,690	$1.574M	0.5%	$98.72	—	COM	922908769
GNR	SPDR S&P Global Natural Resour	42,374	$1.572M	0.5%	$33.00	—	COM	78463X541
—	Time Warner, Inc.	21,212	$1.56M	0.5%	$57.98	—	COM	887317303
SPY	SPDR S&P 500 Index ETF	7,396	$1.549M	0.5%	$191.67	—	COM	78462F103
MCD	McDonald's Corp.	12,391	$1.491M	0.5%	$71.78	+38.1%	COM	580135101
HON	Honeywell International	12,396	$1.442M	0.5%	$53.55	+57.2%	COM	438516106
—	Industrial Select Sector SPDR	25,325	$1.418M	0.5%	$54.76	—	COM	81369y704
—	Vaneck Vectors Gold Miners ETF	50,400	$1.397M	0.5%	$27.72	—	COM	92189f106
YUM	Yum! Brands, Inc.	16,814	$1.394M	0.5%	$39.34	+25.7%	COM	988498101
COST	Costco Wholesale Corp New	8,570	$1.346M	0.4%	$86.84	+47.4%	COM	22160K105
IWF	iShares Russell 1000 Growth In	12,884	$1.293M	0.4%	$79.80	—	COM	464287614
VGK	Vanguard European ETF	27,133	$1.266M	0.4%	$50.78	—	COM	922042874
VOT	Vanguard Mid-Cap Growth ETF	11,885	$1.211M	0.4%	$95.73	—	COM	922908538
BRK/B	Berkshire Hathaway Cl B	8,315	$1.204M	0.4%	$117.46	+21.7%	COM	084670702
BMY	Bristol-Myers Squibb Co.	16,280	$1.197M	0.4%	$28.67	+76.2%	COM	110122108
—	Hewlett Packard Enterprise Com	65,361	$1.194M	0.4%	$15.21	—	COM	42824c109
—	PowerShares KBW Regional Banki	29,475	$1.186M	0.4%	$33.43	—	COM	73937b712
SCHW	Charles Schwab Corp.	46,446	$1.176M	0.4%	$15.92	+58.1%	COM	808513105
VTV	Vanguard Value ETF	13,802	$1.173M	0.4%	$82.09	—	COM	922908744
AXP	American Express Company	18,920	$1.15M	0.4%	$59.28	-6.8%	COM	025816109
XLB	Materials Select Sector SPDR E	24,815	$1.15M	0.4%	$44.37	—	COM	81369Y100
IBM	International Business Machine	7,540	$1.144M	0.4%	$117.44	-19.0%	COM	459200101
EFV	iShares MSCI EAFE Value Index	25,730	$1.105M	0.4%	$47.13	—	COM	464288877
SONY	Sony Corp. (ADR)	36,397	$1.068M	0.4%	$21.15	—	COM	835699307
EZU	iShares MSCI EMU Index Fund ET	32,980	$1.064M	0.4%	$35.68	—	COM	464286608
LMT	Lockheed Martin Corp	4,120	$1.022M	0.3%	$71.65	+154.5%	COM	539830109
—	SPDR Dow Jones Industrial Aver	5,370	$961K	0.3%	$154.72	—	COM	78467x109
VUG	Vanguard Growth ETF	8,925	$957K	0.3%	$87.46	—	COM	922908736
—	Paypal	25,975	$948K	0.3%	$31.04	—	COM	70450y103
—	EMC Corp.	34,440	$936K	0.3%	$23.70	—	COM	268648102
PHG	Koninklijke Philips Electronic	36,999	$923K	0.3%	$27.19	—	COM	500472303
—	Apollo Global Management LLC	60,000	$909K	0.3%	$15.21	—	COM	037612306
—	iShares MSCI Japan Index ETF	78,750	$906K	0.3%	$11.43	—	COM	464286848
OEF	iShares S&P 100 Index ETF	9,673	$899K	0.3%	$71.93	—	COM	464287101
—	TE Connectivity Ltd. F	15,739	$899K	0.3%	$45.52	—	COM	h84989104
—	SPDR Dow Jones Global Real Est	17,753	$894K	0.3%	$45.50	—	COM	78463x749
—	SPDR S&P Homebuilders ETF	26,465	$888K	0.3%	$30.67	—	COM	78464a888
—	HP Inc.	68,862	$864K	0.3%	$11.85	—	COM	40434l105
FNDB	Schwab Fundamental US Broad Mk	28,391	$852K	0.3%	$29.63	—	COM	808524789
VB	Vanguard Small-Cap ETF	7,305	$845K	0.3%	$113.61	—	COM	922908751
BA	Boeing Co	6,425	$834K	0.3%	$85.85	+38.1%	COM	097023105
COP	ConocoPhillips	18,151	$791K	0.3%	$38.03	-13.8%	COM	20825C104
UBS	UBS Group CHF0.10	59,300	$769K	0.3%	$17.02	-10.2%	COM	H42097107
XOM	Exxon Mobil Corp	7,999	$750K	0.2%	$53.86	+7.4%	COM	30231G102
BDX	Becton Dickinson & Co	4,397	$746K	0.2%	$79.38	+74.2%	COM	075887109
—	Oaktree Capital	16,525	$740K	0.2%	$48.42	—	COM	674001201
XLF	Financial Select Sector SPDR	31,300	$715K	0.2%	$20.18	—	COM	81369Y605
VZ	Verizon Communications	12,301	$687K	0.2%	$26.99	+16.6%	COM	92343V104
—	AIG Warrants Expire 1/19/2021	36,100	$675K	0.2%	$18.37	—	COM	026874156
KRE	SPDR KBW Regional Banking ETF	17,550	$674K	0.2%	$34.21	—	COM	78464A698
CVX	Chevron Corp	6,400	$671K	0.2%	$70.89	-5.8%	COM	166764100
PM	Philip Morris International In	6,478	$659K	0.2%	$49.64	+23.7%	COM	718172109
VYM	Vanguard High Dividend Yield E	9,200	$657K	0.2%	$67.13	—	COM	921946406
HUM	Humana Inc	3,600	$648K	0.2%	$71.14	+130.8%	COM	444859102
SAP	SAP AG (ADR)	8,635	$648K	0.2%	$73.43	—	COM	803054204
LOW	Lowe's Companies, Inc.	8,000	$633K	0.2%	$32.16	+101.5%	COM	548661107
CVS	CVS Caremark Corp	6,600	$632K	0.2%	$43.12	+72.8%	COM	126650100
IJH	iShares Core S&P Midcap ETF	4,211	$629K	0.2%	$138.99	—	COM	464287507
VNQ	Vanguard REIT ETF	7,060	$626K	0.2%	$77.02	—	COM	922908553
AMZN	Amazon.com, Inc.	875	$626K	0.2%	$14.04	+140.8%	COM	023135106
—	Viacom Inc Cl B New	14,871	$617K	0.2%	$60.46	—	COM	92553P201
EBAY	eBay, Inc.	25,975	$608K	0.2%	$20.18	+6.4%	COM	278642103
WMT	Wal-Mart Stores Inc	7,973	$582K	0.2%	$19.29	+1.2%	COM	931142103
XLV	Health Care Sector Select SPDR	8,000	$574K	0.2%	$55.04	—	COM	81369Y209
EEM	iShares MSCI Emerging Markets	16,650	$572K	0.2%	$35.06	—	COM	464287234
CAT	Caterpillar Inc	7,395	$561K	0.2%	$60.68	-1.4%	COM	149123101
PEP	Pepsico, Inc.	5,295	$561K	0.2%	$57.11	+35.0%	COM	713448108
HST	Host Hotels & Resorts, Inc.	34,515	$559K	0.2%	$10.74	-0.3%	COM	44107P104
DBEU	DB X-Trackers MSCI Europe UCIT	10,750	$555K	0.2%	$59.67	—	COM	233051853
MMM	3M Company	3,159	$553K	0.2%	$63.04	+62.5%	COM	88579Y101
—	JP Morgan Warrants Exp. 10/28/	26,950	$546K	0.2%	$16.39	—	COM	46634e114
—	Yahoo! Inc.	14,190	$533K	0.2%	$25.12	—	COM	984332106
TELFY	Telefonica SA (ADR)	55,480	$526K	0.2%	$12.76	—	COM	879382208
—	Aetna Inc New	4,108	$502K	0.2%	$64.04	—	COM	00817Y108
MRSH	Marsh & McLennan Companies, In	7,300	$500K	0.2%	$31.19	+75.3%	COM	571748102
—	United Technologies Corp	4,836	$496K	0.2%	$95.80	—	COM	913017109
—	Tyco International PLC Shares	11,539	$492K	0.2%	$43.86	—	COM	g91442106
TMO	Thermo Fisher Scientific	3,250	$480K	0.2%	$79.76	+80.0%	COM	883556102
—	Discovery Communications Ser C	19,962	$476K	0.2%	$46.52	—	COM	25470F302
IWS	iShares Russell Midcap Value I	6,400	$475K	0.2%	$58.43	—	COM	464287473
XLK	Technology Select Sector SPDR	10,888	$472K	0.2%	$32.31	—	COM	81369Y803
MCK	McKesson Corp.	2,528	$472K	0.2%	$108.95	+49.3%	COM	58155Q103
—	Level 3 Communications	9,131	$470K	0.2%	$21.09	—	COM	52729n308
AMGN	Amgen Inc.	3,086	$470K	0.2%	$73.34	+59.1%	COM	031162100
QCOM	Qualcomm Inc	8,478	$454K	0.2%	$45.68	-11.8%	COM	747525103
—	Monsanto Company	4,360	$451K	0.2%	$99.75	—	COM	61166W101
TM	Toyota Motor Corp. (ADR)	4,380	$438K	0.1%	$118.31	—	COM	892331307
—	Medtronic Inc.	4,943	$429K	0.1%	$77.95	—	COM	g5960L103
KBE	SPDR KBW Bank ETF	13,562	$413K	0.1%	$29.21	—	COM	78464A797
—	GlaxoSmithKline Plc (ADR)	9,472	$411K	0.1%	$50.08	—	COM	37733W105
XME	SPDR S&P Metals and Mining ETF	16,850	$411K	0.1%	$25.46	—	COM	78464A755
—	ProShares Ultra Pro S&P500	6,000	$399K	0.1%	$69.33	—	COM	74347x864
WM	Waste Management Inc.	6,000	$398K	0.1%	$30.75	+64.7%	COM	94106L109
IWN	iShares Russell 2000 Value Ind	3,975	$387K	0.1%	$86.42	—	COM	464287630
—	Alphabet Inc Cl C	559	$387K	0.1%	$758.50	—	COM	02079k107
NEM	Newmont Mining Corp	9,850	$385K	0.1%	$25.10	+3.6%	COM	651639106
NVS	Novartis AG (ADR)	4,495	$371K	0.1%	$71.13	—	COM	66987V109
SCHE	Schwab Emerging Markets Equity	17,357	$370K	0.1%	$22.31	—	COM	808524706
MDY	SPDR S&P MidCap 400 ETF	1,350	$368K	0.1%	$275.25	—	COM	78467Y107
MRK	Merck & Co Inc New	6,325	$364K	0.1%	$30.02	+31.5%	COM	58933Y105
IWV	iShares Russell 3000 Index Fun	2,925	$363K	0.1%	$96.41	—	COM	464287689
—	Federal Realty Investment Trus	2,175	$360K	0.1%	$103.55	—	COM	313747206
—	Alphabet Inc Cl A	496	$349K	0.1%	$778.23	—	COM	02079k305
VSH	Vishay Intertechnology	28,203	$349K	0.1%	$10.83	-4.4%	COM	928298108
SLB	Schlumberger Ltd F	4,396	$348K	0.1%	$55.25	+5.4%	COM	806857108
SCHX	Schwab US Large-Cap ETF	6,971	$347K	0.1%	$49.53	—	COM	808524201
MO	Altria Group Inc	4,985	$344K	0.1%	$19.20	+73.0%	COM	02209S103
XLY	Consumer Discret Sel Sect SPDR	4,393	$343K	0.1%	$78.08	—	COM	81369Y407
AMAT	Applied Materials Inc	14,100	$338K	0.1%	$12.42	+59.2%	COM	038222105
—	PowerShares Water Resources	14,200	$336K	0.1%	$22.04	—	COM	73935X575
IEV	iShares S&P Euro 350 Index Fun	8,700	$329K	0.1%	$39.34	—	COM	464287861
V	Visa, Inc. Cl A	4,400	$326K	0.1%	$56.35	+29.9%	COM	92826C839
VT	Vanguard Total World Stock ETF	5,418	$315K	0.1%	$62.10	—	COM	922042742
HMC	Honda Motor Co Ltd (ADR)	12,218	$309K	0.1%	$33.73	—	COM	438128308
CAR	Avis Budget Group Inc	9,540	$307K	0.1%	$29.00	-9.5%	COM	053774105
—	Direxion Daily Financial Bull	12,000	$306K	0.1%	$40.67	—	COM	25459y694
AIVL	WisdomTree Dividend Ex-Financi	3,945	$304K	0.1%	$63.63	—	COM	97717W406
—	SPDR DJ Euro Stoxx 50 ETF	9,500	$296K	0.1%	$34.30	—	COM	78463x202
—	Banco Santander, S.A. (ADR)	74,114	$291K	0.1%	$6.49	—	COM	05964h105
VSS	Vanguard FTSE All-World ex-US	3,100	$289K	0.1%	$90.83	—	COM	922042718
—	PowerShares Global Listed Priv	28,500	$287K	0.1%	$12.01	—	COM	73935x195
FNDF	Schwab Fundamental Intl. Large	12,025	$285K	0.1%	$25.67	—	COM	808524755
PNC	PNC Financial Services Group,	3,500	$285K	0.1%	$47.34	+33.0%	COM	693475105
DHS	WisdomTree Equity Income ETF	4,250	$284K	0.1%	$51.96	—	COM	97717W208
—	CBS Corp Cl B New	5,190	$283K	0.1%	$49.13	—	COM	124857202
NKE	Nike Inc Cl B	5,068	$280K	0.1%	$39.39	+27.8%	COM	654106103
WPP	WPP Plc (ADR)	2,650	$277K	0.1%	$114.41	—	COM	92937A102
IYW	iShares Dow Jones U.S. Technol	2,615	$275K	0.1%	$105.16	—	COM	464287721
GS	Goldman Sachs Group Inc	1,780	$264K	0.1%	$125.69	+1.8%	COM	38141G104
SNY	Sanofi Aventis (ADR)	6,300	$264K	0.1%	$51.45	—	COM	80105N105
IWM	iShares Russell 2000 Index ETF	2,280	$262K	0.1%	$124.38	—	COM	464287655
—	Chesapeake Energy Corp	60,750	$260K	0.1%	$14.34	—	COM	165167107
SCHB	Schwab U.S. Broad Market ETF	5,070	$255K	0.1%	$49.10	—	COM	808524102
IWP	iShares Russell Midcap Growth	2,680	$251K	0.1%	$75.87	—	COM	464287481
A	Agilent Technologies Inc	5,586	$248K	0.1%	$35.68	+12.1%	COM	00846U101
VXUS	Vanguard Total International S	5,510	$245K	0.1%	$44.46	—	COM	921909768
KO	Coca-Cola Co.	5,349	$242K	0.1%	$27.85	+19.6%	COM	191216100
NOK	Nokia Corp (ADR)	42,558	$242K	0.1%	$5.25	—	COM	654902204
DEO	Diageo Plc New (ADR)	2,100	$237K	0.1%	$115.16	—	COM	25243Q205
VEA	Vanguard FTSE Developed Market	6,610	$234K	0.1%	$39.66	—	COM	921943858
HSBC	HSBC Hldgs PLC (ADR)New	7,298	$229K	0.1%	$31.38	—	COM	404280406
—	Potash Corporation of Saskatch	13,900	$226K	0.1%	$16.81	—	COM	73755L107
—	WisdomTree Mid-Cap Dividend Fu	2,500	$224K	0.1%	$80.40	—	COM	97717w505
—	Expedia Inc	2,100	$223K	0.1%	$93.91	—	COM	30212p303
MOV	Movado Group Inc.	10,000	$217K	0.1%	$32.63	-24.9%	COM	624580106
BRK/A	Berkshire Hathaway Inc. 1/100t	100	$217K	0.1%	$199512.94	+7.5%	COM	084670108
AFL	AFLAC Inc	3,000	$216K	0.1%	$27.28	0.0%	COM	001055102
GLW	Corning Inc	10,498	$215K	0.1%	$10.58	+46.6%	COM	219350105
—	Dupont E.I. Denemours	3,297	$214K	0.1%	$66.73	—	COM	263534109
XLP	Consumer Staples Select Sector	3,820	$211K	0.1%	$55.24	—	COM	81369Y308
VOO	Vanguard S&P 500 ETF	1,100	$211K	0.1%	$191.82	—	COM	922908363
—	Mexico Fund Inc	12,579	$210K	0.1%	$30.10	—	COM	592835102
CHD	Church & Dwight Co., Inc.	2,000	$206K	0.1%	$42.58	0.0%	COM	171340102
IEFA	iShares Core EAFE	3,960	$205K	0.1%	$51.77	—	COM	46432F842
EMR	Emerson Electric Co	3,918	$204K	0.1%	$37.49	+10.8%	COM	291011104
PBR	Petroleo Brasileiro SA (ADR)	20,900	$150K	0.0%	$11.18	—	COM	71654V408
—	Swiss Helvetia Fund	11,929	$123K	0.0%	$12.38	—	COM	870875101
—	Royce Value Trust Inc	10,100	$119K	0.0%	$15.15	—	COM	780910105
—	Vale S.A. American Depositary	23,000	$116K	0.0%	$12.59	—	COM	91912e105
—	Bank of America Corp Warrants	20,000	$70,000	0.0%	$4.69	—	COM	060505146