Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	79,808	$17.95M	24.0%	$224.86	—	TR UNIT	78462F103
BRK/A	BERKSHIRE HATHAWAY INC DEL	23	$5.615M	7.5%	$230816.08	0.0%	CL A	084670108
DIA	SPDR DOW JONES INDL AVRG ETF	16,700	$3.306M	4.4%	$197.96	—	UT SER 1	78467X109
EWG	ISHARES	91,955	$2.435M	3.3%	$26.48	—	MSCI GERMANY ETF	464286806
AAPL	APPLE INC	20,265	$2.347M	3.1%	$26.09	0.0%	COM	037833100
IEV	ISHARES TR	42,400	$1.646M	2.2%	$38.82	—	EUROPE ETF	464287861
ITA	ISHARES TR	11,300	$1.588M	2.1%	$140.53	—	U.S. AER&DEF ETF	464288760
GOOG	ALPHABET INC	1,925	$1.486M	2.0%	$38.66	0.0%	CAP STK CL C	02079K107
IGF	ISHARES TR	37,500	$1.464M	2.0%	$39.04	—	GLB INFRASTR ETF	464288372
IOO	ISHARES TR	18,300	$1.404M	1.9%	$76.72	—	GLOBAL 100 ETF	464287572
JPM	JPMORGAN CHASE & CO	16,136	$1.392M	1.9%	$59.89	0.0%	COM	46625H100
XLK	SELECT SECTOR SPDR TR	28,500	$1.378M	1.8%	$48.35	—	TECHNOLOGY	81369Y803
MDY	SPDR S&P MIDCAP 400 ETF TR	4,300	$1.302M	1.7%	$302.79	—	UTSER1 S&PDCRP	78467Y107
HEDJ	WISDOMTREE TR	20,250	$1.162M	1.6%	$57.38	—	EUROPE HEDGED EQ	97717X701
—	GENERAL ELECTRIC CO	34,062	$1.085M	1.5%	$31.85	—	COM	369604103
MRK	MERCK & CO INC	16,535	$981K	1.3%	$44.08	0.0%	COM	58933Y105
CTAS	CINTAS CORP	8,300	$959K	1.3%	$25.60	0.0%	COM	172908105
VZ	VERIZON COMMUNICATIONS INC	17,880	$954K	1.3%	$30.99	0.0%	COM	92343V104
XLI	SELECT SECTOR SPDR TR	15,000	$933K	1.2%	$62.20	—	SBI INT-INDS	81369Y704
VGK	VANGUARD INTL EQUITY INDEX F	18,308	$878K	1.2%	$47.96	—	FTSE EUROPE ETF	922042874
VO	VANGUARD INDEX FDS	6,635	$873K	1.2%	$131.57	—	MID CAP ETF	922908629
GS	GOLDMAN SACHS GROUP INC	3,595	$861K	1.2%	$167.76	0.0%	COM	38141G104
T	AT&T INC	19,580	$833K	1.1%	$15.46	0.0%	COM	00206R102
EWY	ISHARES	13,999	$745K	1.0%	$53.22	—	MSCI STH KOR ETF	464286772
WFC	WELLS FARGO & CO NEW	13,000	$716K	1.0%	$39.03	0.0%	COM	949746101
HON	HONEYWELL INTL INC	5,753	$666K	0.9%	$84.19	0.0%	COM	438516106
VALE	VALE S A	87,047	$663K	0.9%	$7.62	—	ADR	91912E105
PM	PHILIP MORRIS INTL INC	7,090	$656K	0.9%	$58.23	0.0%	COM	718172109
KBE	SPDR SERIES TRUST	15,000	$652K	0.9%	$43.47	—	S&P BK ETF	78464A797
BMY	BRISTOL MYERS SQUIBB CO	10,550	$617K	0.8%	$39.53	0.0%	COM	110122108
—	BHP BILLITON PLC	19,310	$607K	0.8%	$31.43	—	SPONSORED ADR	05545E209
BABA	ALIBABA GROUP HLDG LTD	6,900	$606K	0.8%	$87.83	—	SPONSORED ADS	01609W102
BP	BP PLC	15,977	$597K	0.8%	$37.37	—	SPONSORED ADR	055622104
VNQ	VANGUARD INDEX FDS	6,950	$574K	0.8%	$82.59	—	REIT ETF	922908553
TELFY	TELEFONICA S A	60,438	$556K	0.7%	$9.20	—	SPONSORED ADR	879382208
—	GLAXOSMITHKLINE PLC	13,604	$531K	0.7%	$39.03	—	SPONSORED ADR	37733W105
GLD	SPDR GOLD TRUST	4,808	$527K	0.7%	$109.61	—	GOLD SHS	78463V107
BA	BOEING CO	3,230	$503K	0.7%	$135.00	0.0%	COM	097023105
SBUX	STARBUCKS CORP	8,800	$489K	0.7%	$45.58	0.0%	COM	855244109
UNP	UNION PAC CORP	4,710	$488K	0.7%	$80.32	0.0%	COM	907818108
LMT	LOCKHEED MARTIN CORP	1,935	$484K	0.6%	$195.92	0.0%	COM	539830109
EEM	ISHARES TR	13,500	$473K	0.6%	$35.04	—	MSCI EMG MKT ETF	464287234
SDY	SPDR SERIES TRUST	5,500	$471K	0.6%	$85.64	—	S&P DIVID ETF	78464A763
HD	HOME DEPOT INC	3,398	$456K	0.6%	$103.40	0.0%	COM	437076102
XOM	EXXON MOBIL CORP	4,970	$449K	0.6%	$58.17	0.0%	COM	30231G102
XLV	SELECT SECTOR SPDR TR	6,300	$434K	0.6%	$68.89	—	SBI HEALTHCARE	81369Y209
—	POWERSHS DB MULTI SECT COMM	21,500	$429K	0.6%	$19.95	—	PS DB AGRICUL FD	73936B408
BBVA	BANCO BILBAO VIZCAYA ARGENTA	63,271	$428K	0.6%	$6.76	—	SPONSORED ADR	05946K101
BAC	BANK AMER CORP	19,314	$427K	0.6%	$15.68	0.0%	COM	060505104
COP	CONOCOPHILLIPS	8,050	$404K	0.5%	$34.77	0.0%	COM	20825C104
MCD	MCDONALDS CORP	3,150	$383K	0.5%	$94.30	0.0%	COM	580135101
PFE	PFIZER INC	11,460	$372K	0.5%	$20.50	0.0%	COM	717081103
XLE	SELECT SECTOR SPDR TR	4,409	$332K	0.4%	$75.30	—	SBI INT-ENERGY	81369Y506
LLY	LILLY ELI & CO	4,500	$331K	0.4%	$64.22	0.0%	COM	532457108
VB	VANGUARD INDEX FDS	2,563	$331K	0.4%	$129.15	—	SMALL CP ETF	922908751
TOL	TOLL BROTHERS INC	10,000	$310K	0.4%	$29.64	0.0%	COM	889478103
—	UNILEVER PLC	7,486	$305K	0.4%	$40.74	—	SPON ADR NEW	904767704
KHC	KRAFT HEINZ CO	3,493	$305K	0.4%	$56.47	0.0%	COM	500754106
COST	COSTCO WHSL CORP NEW	1,900	$304K	0.4%	$129.79	0.0%	COM	22160K105
USB	US BANCORP DEL	5,400	$279K	0.4%	$33.77	0.0%	COM NEW	902973304
—	ALPS ETF TR	22,000	$277K	0.4%	$12.59	—	ALERIAN MLP	00162Q866
HPQ	HP INC	18,352	$275K	0.4%	$11.22	0.0%	COM	40434L105
CAT	CATERPILLAR INC DEL	2,910	$270K	0.4%	$73.74	0.0%	COM	149123101
ABM	ABM INDS INC	6,450	$263K	0.4%	$33.86	0.0%	COM	000957100
SLB	SCHLUMBERGER LTD	3,000	$253K	0.3%	$63.04	0.0%	COM	806857108
—	POWERSHARES ETF TRUST	2,516	$250K	0.3%	$99.36	—	FTSE RAFI 1000	73935X583
HPE	HEWLETT PACKARD ENTERPRISE C	10,750	$249K	0.3%	$10.23	0.0%	COM	42824C109
PEP	PEPSICO INC	2,280	$240K	0.3%	$79.36	0.0%	COM	713448108
FDX	FEDEX CORP	1,200	$224K	0.3%	$158.34	0.0%	COM	31428X106
—	ISHARES TR	8,555	$221K	0.3%	$25.83	—	HDG MSCI GERMN	46434V704
—	PRICELINE GRP INC	150	$220K	0.3%	$1466.67	—	COM NEW	741503403
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,343	$219K	0.3%	$153.96	0.0%	CL B NEW	084670702
VOD	VODAFONE GROUP PLC NEW	8,550	$209K	0.3%	$24.44	—	SPNSR ADR	92857W308
—	POWERSHARES DB CMDTY IDX TRA	13,000	$206K	0.3%	$15.85	—	UNIT BEN INT	73935S105
DXJ	WISDOMTREE TR	4,117	$204K	0.3%	$49.55	—	JAPN HEDGE EQT	97717W851
—	UNITED TECHNOLOGIES CORP	1,850	$203K	0.3%	$109.73	—	COM	913017109
—	CARLYLE GROUP L P	12,623	$193K	0.3%	$15.29	—	COM UTS LTD PTN	14309L102
SID	COMPANHIA SIDERURGICA NACION	15,680	$51,000	0.1%	$3.25	—	SPONSORED ADR	20440W105