Efficient Market Advisors

Efficient Market Advisors as of Dec. 31, 2014

Portfolio Holdings for Efficient Market Advisors

Efficient Market Advisors holds 158 positions in its portfolio as reported in the December 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard S&p 500 Etf idx (VOO) 14.9 $61M 322k 188.40
Ishares Tr fltg rate nt (FLOT) 14.9 $61M 1.2M 50.54
iShares S&P MidCap 400 Index (IJH) 12.3 $50M 346k 144.80
iShares S&P SmallCap 600 Index (IJR) 6.6 $27M 238k 113.92
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 5.8 $24M 225k 105.18
Vanguard Europe Pacific ETF (VEA) 5.1 $21M 547k 37.88
Vanguard Emerging Markets ETF (VWO) 4.6 $19M 475k 39.50
Spdr Short-term High Yield mf (SJNK) 4.5 $18M 634k 28.91
PowerShares Listed Private Eq. 3.8 $15M 1.4M 10.98
Powershares Etf Tr Ii var rate pfd por 3.4 $14M 564k 24.66
Dbx Trackers db xtr msci eur (DBEU) 2.7 $11M 423k 26.05
iShares S&P US Pref Stock Idx Fnd (PFF) 2.2 $8.9M 225k 39.44
Powershares Senior Loan Portfo mf 1.8 $7.4M 308k 24.03
Spdr S&p 500 Etf (SPY) 1.6 $6.4M 31k 205.55
Ishares Inc core msci emkt (IEMG) 1.5 $6.2M 131k 47.03
Vanguard Large-Cap ETF (VV) 1.5 $6.1M 65k 94.39
Market Vectors Inv Gr 1.4 $5.7M 229k 24.94
iShares Russell 2000 Index (IWM) 1.2 $4.7M 40k 119.62
iShares iBoxx $ High Yid Corp Bond (HYG) 1.1 $4.5M 50k 89.60
Vanguard Mid-Cap ETF (VO) 0.8 $3.3M 27k 123.56
Ssga Active Etf Tr blkstn gsosrln (SRLN) 0.8 $3.2M 66k 48.75
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.6 $2.5M 23k 109.71
Ishares Tr cur hdg ms emu (HEZU) 0.6 $2.5M 100k 24.61
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.6 $2.4M 44k 55.31
Pimco Etf Tr 0-5 high yield (HYS) 0.5 $2.2M 22k 100.81
Vanguard Small-Cap ETF (VB) 0.5 $2.0M 17k 116.69
Vanguard FTSE All-World ex-US ETF (VEU) 0.4 $1.7M 35k 46.86
Vanguard Total Stock Market ETF (VTI) 0.4 $1.5M 14k 106.01
Proshares Tr priv eqty-lstd (PEX) 0.4 $1.5M 37k 40.01
Vanguard Total Bond Market ETF (BND) 0.3 $1.2M 14k 82.38
Marcus & Millichap (MMI) 0.3 $1.1M 34k 33.25
McDonald's Corporation (MCD) 0.2 $921k 9.8k 93.71
SPDR Barclays Capital High Yield B 0.2 $947k 25k 38.62
iShares MSCI EAFE Index Fund (EFA) 0.2 $861k 14k 60.84
Vanguard Whitehall Fds Inc emerg mkt bd etf (VWOB) 0.2 $828k 11k 76.33
NetApp (NTAP) 0.2 $767k 19k 41.46
Schwab Strategic Tr us lrg cap etf (SCHX) 0.2 $653k 13k 49.02
Sch Us Mid-cap Etf etf (SCHM) 0.1 $572k 14k 40.66
SPDR Barclays Capital 1-3 Month T- 0.1 $541k 12k 45.72
Spdr Euro Stoxx 50 Etf (FEZ) 0.1 $424k 12k 36.87
Schwab U S Small Cap ETF (SCHA) 0.1 $383k 6.9k 55.19
Vanguard Dividend Appreciation ETF (VIG) 0.1 $330k 4.1k 81.22
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.1 $345k 4.1k 84.35
Vanguard European ETF (VGK) 0.1 $330k 6.3k 52.44
Vanguard Short Term Corporate Bond ETF (VCSH) 0.1 $306k 3.8k 79.60
Costco Wholesale Corporation (COST) 0.1 $257k 1.8k 141.99
Home Depot (HD) 0.1 $194k 1.9k 104.86
PowerShares Preferred Portfolio 0.0 $158k 11k 14.67
First Trust Global Tactical etp (FTGC) 0.0 $161k 6.1k 26.29
Exxon Mobil Corporation (XOM) 0.0 $129k 1.4k 92.14
Chevron Corporation (CVX) 0.0 $135k 1.2k 112.50
At&t (T) 0.0 $128k 3.8k 33.60
Miller Industries (MLR) 0.0 $114k 5.5k 20.73
Motorcar Parts of America (MPAA) 0.0 $118k 3.8k 31.05
PowerShares VRDO Tax Free Weekly Por ETF 0.0 $125k 5.0k 25.00
Nuveen California Municipal Value Fund (NCA) 0.0 $118k 11k 10.49
Schwab International Equity ETF (SCHF) 0.0 $107k 3.7k 28.83
Nuveen CA Select Tax-Free Incom Port (NXC) 0.0 $124k 8.0k 15.50
Cutwater Select Income 0.0 $141k 7.3k 19.30
Violin Memory 0.0 $113k 24k 4.81
Microsoft Corporation (MSFT) 0.0 $93k 2.0k 46.50
Goldman Sachs (GS) 0.0 $78k 400.00 195.00
Pfizer (PFE) 0.0 $62k 2.0k 31.00
General Electric Company 0.0 $96k 3.8k 25.36
Procter & Gamble Company (PG) 0.0 $91k 1.0k 91.00
Ford Motor Company (F) 0.0 $78k 5.0k 15.60
Sempra Energy (SRE) 0.0 $72k 650.00 110.77
CPI Aerostructures (CVU) 0.0 $93k 9.1k 10.22
iShares Lehman Aggregate Bond (AGG) 0.0 $65k 587.00 110.73
SPDR Nuveen Barclays Cap Clfrn Mncpl Bnd 0.0 $72k 3.0k 24.00
Blackrock MuniHoldings CA Insrd Fnd (MUC) 0.0 $72k 5.0k 14.55
Schwab Emerging Markets Equity ETF (SCHE) 0.0 $93k 3.9k 23.82
Nuveen Calif Municpal Valu F 0.0 $98k 5.9k 16.63
Facebook Inc cl a (META) 0.0 $86k 1.1k 78.18
Coca-Cola Company (KO) 0.0 $21k 500.00 42.00
Johnson & Johnson (JNJ) 0.0 $42k 400.00 105.00
Cisco Systems (CSCO) 0.0 $28k 1.0k 28.00
Verizon Communications (VZ) 0.0 $56k 1.2k 46.67
Apple (AAPL) 0.0 $58k 525.00 110.48
International Business Machines (IBM) 0.0 $22k 135.00 162.96
iShares S&P 500 Index (IVV) 0.0 $33k 160.00 206.25
Qualcomm (QCOM) 0.0 $22k 300.00 73.33
Google 0.0 $21k 40.00 525.00
Oracle Corporation (ORCL) 0.0 $36k 793.00 45.40
PowerShares DB Com Indx Trckng Fund 0.0 $22k 1.2k 18.26
Humana (HUM) 0.0 $59k 410.00 143.90
iShares MSCI Japan Index 0.0 $61k 5.4k 11.33
iShares MSCI Hong Kong Index Fund (EWH) 0.0 $29k 1.4k 20.60
iShares MSCI Germany Index Fund (EWG) 0.0 $41k 1.5k 27.28
iShares MSCI Australia Index Fund (EWA) 0.0 $30k 1.4k 22.09
iShares MSCI Switzerland Index Fund (EWL) 0.0 $24k 756.00 31.75
ACADIA Pharmaceuticals (ACAD) 0.0 $38k 1.2k 31.67
iShares MSCI France Index (EWQ) 0.0 $21k 858.00 24.48
Mfs Calif Mun 0.0 $55k 5.0k 11.00
SPDR Wells Fargo Prfd Stk ETF (PSK) 0.0 $56k 1.3k 43.72
Nuveen Ins Ca Tx Fr Adv Mun (NKX) 0.0 $30k 2.0k 14.83
Nuveen CA Dividend Advantage Muni. Fund (NAC) 0.0 $31k 2.0k 15.15
Fs Investment Corporation 0.0 $43k 4.3k 9.89
Google Inc Class C 0.0 $21k 40.00 525.00
United Development Funding closely held st 0.0 $32k 1.8k 18.29
Ishares msci uk 0.0 $60k 3.3k 18.05
Alibaba Group Holding (BABA) 0.0 $21k 200.00 105.00
Healthcare Tr Amer Inc cl a 0.0 $39k 1.5k 26.66
Barrick Gold Corp (GOLD) 0.0 $8.0k 700.00 11.43
Time Warner Cable 0.0 $2.0k 12.00 166.67
iShares MSCI Emerging Markets Indx (EEM) 0.0 $16k 410.00 39.02
JPMorgan Chase & Co. (JPM) 0.0 $19k 300.00 63.33
Bank of America Corporation (BAC) 0.0 $18k 1.0k 18.00
Walt Disney Company (DIS) 0.0 $7.0k 75.00 93.33
Carnival Corporation (CCL) 0.0 $5.0k 100.00 50.00
Newmont Mining Corporation (NEM) 0.0 $8.0k 400.00 20.00
Paychex (PAYX) 0.0 $18k 400.00 45.00
Boston Scientific Corporation (BSX) 0.0 $1.0k 86.00 11.63
Intel Corporation (INTC) 0.0 $7.0k 200.00 35.00
Progress Software Corporation (PRGS) 0.0 $1.0k 40.00 25.00
Aol 0.0 $0 4.00 0.00
Deere & Company (DE) 0.0 $18k 200.00 90.00
Merck & Co (MRK) 0.0 $16k 285.00 56.14
Staples 0.0 $999.700000 65.00 15.38
Starbucks Corporation (SBUX) 0.0 $1.0k 11.00 90.91
Abercrombie & Fitch (ANF) 0.0 $0 6.00 0.00
Linn Energy 0.0 $6.0k 600.00 10.00
Frontier Communications 0.0 $2.0k 288.00 6.94
Sohu 0.0 $1.0k 14.00 71.43
JDS Uniphase Corporation 0.0 $0 1.00 0.00
VMware 0.0 $1.0k 11.00 90.91
Allied Nevada Gold 0.0 $1.0k 800.00 1.25
Exeter Res Corp 0.0 $2.0k 3.0k 0.67
iShares MSCI Brazil Index (EWZ) 0.0 $17k 472.00 36.02
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.0 $1.0k 11.00 90.91
iShares S&P 500 Growth Index (IVW) 0.0 $11k 100.00 110.00
iShares MSCI Mexico Inv. Mt. Idx. (EWW) 0.0 $11k 181.00 60.77
Market Vector Russia ETF Trust 0.0 $6.0k 423.00 14.18
Oasis Petroleum 0.0 $0 21.00 0.00
Tesla Motors (TSLA) 0.0 $1.0k 4.00 250.00
iShares Dow Jones Select Dividend (DVY) 0.0 $2.0k 26.00 76.92
iShares Dow Jones U.S. Index Fund (IYY) 0.0 $2.0k 17.00 117.65
iShares Cohen & Steers Realty Maj. (ICF) 0.0 $18k 188.00 95.74
General Motors Company (GM) 0.0 $0 9.00 0.00
iShares MSCI Singapore Index Fund 0.0 $12k 912.00 13.16
Vanguard REIT ETF (VNQ) 0.0 $7.0k 83.00 84.34
Eaton Vance Limited Duration Income Fund (EVV) 0.0 $9.0k 648.00 13.89
Invesco Van Kampen Cal Val Mun Inc Trust (VCV) 0.0 $14k 1.1k 12.93
PowerShares 1-30 Laddered Treasury 0.0 $0 1.00 0.00
SPDR Dow Jones Global Real Estate (RWO) 0.0 $0 3.00 0.00
Vanguard Total World Stock Idx (VT) 0.0 $2.0k 39.00 51.28
Eaton Vance California Mun. Income Trust (CEV) 0.0 $14k 1.1k 12.65
Eaton Vance Calif Mun Bd 0.0 $13k 1.0k 13.00
Nuveen CA Div Adv Muni Fd 3 Ben Int 0.0 $14k 1.0k 14.00
Schwab U S Broad Market ETF (SCHB) 0.0 $6.0k 120.00 50.00
Citigroup (C) 0.0 $11k 200.00 55.00
General Mtrs Co *w exp 07/10/201 0.0 $0 8.00 0.00
General Mtrs Co *w exp 07/10/201 0.0 $0 8.00 0.00
Schwab Strategic Tr us aggregate b (SCHZ) 0.0 $999.960000 12.00 83.33
American Realty Capital Prop 0.0 $5.0k 500.00 10.00
Schwab Strategic Tr us dividend eq (SCHD) 0.0 $0 5.00 0.00
Solarcity 0.0 $999.960000 13.00 76.92
Leidos Holdings (LDOS) 0.0 $1.0k 23.00 43.48