Pinnacle Advisory Group

Pinnacle Advisory as of Sept. 30, 2013

Portfolio Holdings for Pinnacle Advisory

Pinnacle Advisory holds 102 positions in its portfolio as reported in the September 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Consumer Discretionary SPDR (XLY) 9.3 $80M 1.3M 60.63
Industrial SPDR (XLI) 8.2 $70M 1.5M 46.40
Energy Select Sector SPDR (XLE) 7.2 $62M 746k 82.91
Vanguard Health Care ETF (VHT) 6.6 $57M 609k 93.14
Schwab Strategic Tr intrm trm (SCHR) 6.0 $51M 967k 52.84
Consumer Staples Select Sect. SPDR (XLP) 4.8 $41M 1.0M 39.80
iShares MSCI EMU Index (EZU) 4.5 $38M 1.0M 37.73
SPDR KBW Insurance (KIE) 4.4 $37M 657k 56.76
Financial Select Sector SPDR (XLF) 4.0 $35M 1.7M 19.90
Wisdomtree Tr intl hedge eqt (HEDJ) 4.0 $34M 642k 53.15
WisdomTree Japan Total Dividend (DXJ) 3.9 $34M 700k 47.93
iShares S&P NA Tec.-SW. Idx. Fund (IGV) 3.7 $32M 415k 76.28
Clyme US Cptl Mkts Mco Trm Fxd Idx 3.3 $29M 567k 50.18
Rydex S&P Equal Weight Technology 3.2 $28M 395k 69.78
SPDR KBW Regional Banking (KRE) 2.7 $23M 648k 35.65
Ubs Ag Jersey Brh fund 2.6 $23M 1.1M 20.57
iShares Barclays 20+ Yr Treas.Bond (TLT) 2.5 $22M 204k 106.40
iShares S&P NA Tec. Semi. Idx (SOXX) 2.5 $21M 321k 66.65
iShares MSCI United Kingdom Index 2.4 $21M 1.1M 19.62
Market Vectors Gold Miners ETF 2.4 $21M 818k 25.02
SPDR Barclays Capital Long Term Tr (SPTL) 1.0 $8.3M 132k 62.49
SPDR Nuveen Barclays Capital Municpl Bnd 1.0 $8.2M 359k 22.84
PowerShares Dynamic Software 0.9 $7.9M 239k 33.16
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.9 $7.4M 88k 84.46
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.8 $7.0M 67k 104.49
Spdr S&p 500 Etf (SPY) 0.6 $5.0M 30k 168.00
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.5 $4.1M 169k 24.22
Claymore Exchange Trd Fd Tr gugg shippng etf 0.4 $3.6M 185k 19.73
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.4 $3.5M 29k 121.30
iShares S&P NA Tec.-Mul. Net. Idx. (IDGT) 0.3 $3.0M 99k 30.19
Google 0.2 $2.1M 2.4k 875.58
SPDR Gold Trust (GLD) 0.2 $2.1M 16k 128.15
Exxon Mobil Corporation (XOM) 0.2 $1.9M 22k 86.04
Health Care SPDR (XLV) 0.2 $1.9M 37k 50.58
iShares Dow Jones US Pharm Indx (IHE) 0.2 $1.8M 17k 106.33
SPDR S&P MidCap 400 ETF (MDY) 0.2 $1.6M 8.2k 200.93
iShares 2014 S&P AMT-Free Mun Ser ETF 0.2 $1.7M 32k 51.60
iShares Russell 2000 Index (IWM) 0.1 $1.3M 12k 106.55
Rydex Russell Top 50 ETF 0.1 $1.0M 8.7k 117.17
iShares Dow Jones US Medical Dev. (IHI) 0.1 $997k 12k 84.63
SPDR Barclays Capital Inter Term (SPTI) 0.1 $984k 17k 59.65
Utilities SPDR (XLU) 0.1 $858k 23k 37.35
Apple Computer 0.1 $739k 1.6k 476.77
SPDR S&P Metals and Mining (XME) 0.1 $765k 21k 36.61
Microsoft Corporation (MSFT) 0.1 $691k 21k 33.27
Johnson & Johnson (JNJ) 0.1 $716k 8.3k 86.67
General Electric Company 0.1 $673k 28k 23.86
International Business Machines (IBM) 0.1 $685k 3.7k 185.14
iShares Russell 2000 Growth Index (IWO) 0.1 $678k 5.4k 125.67
iShares S&P Europe 350 Index (IEV) 0.1 $723k 16k 44.06
Rydex Etf Trust indls etf 0.1 $649k 8.9k 72.55
Proctor & Gamble 0.1 $672k 8.9k 75.59
Berkshire Hath-cl B 0.1 $579k 5.1k 113.40
iShares MSCI Emerging Markets Indx (EEM) 0.1 $528k 13k 40.73
Wal-Mart Stores (WMT) 0.1 $539k 7.3k 73.87
Chevron Corporation (CVX) 0.1 $504k 4.2k 121.30
Intel Corporation (INTC) 0.1 $488k 21k 22.91
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.1 $495k 4.9k 102.04
iShares Lehman MBS Bond Fund (MBB) 0.1 $510k 4.8k 105.74
Powershares Etf Trust dyn semct port 0.1 $484k 28k 17.29
Dominion Resources (D) 0.1 $463k 7.4k 62.45
MetLife (MET) 0.1 $469k 10k 46.94
Rydex S&P Equal Weight ETF 0.1 $397k 9.1k 43.56
iShares Dow Jones US Consumer Goods (IYK) 0.1 $458k 7.5k 61.39
SPDR S&P Oil & Gas Explore & Prod. 0.1 $434k 6.6k 65.71
iShares Dow Jones US Health Care (IHF) 0.1 $392k 4.5k 87.21
Vanguard Telecommunication Services ETF (VOX) 0.1 $396k 4.9k 80.73
CVS Caremark Corporation (CVS) 0.0 $344k 6.1k 56.61
Colgate-Palmolive Company (CL) 0.0 $306k 5.2k 59.28
Merck & Co (MRK) 0.0 $352k 7.4k 47.54
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.0 $311k 2.7k 113.30
Ipath Dow Jones-aig Commodity (DJP) 0.0 $337k 6.7k 50.07
SPDR S&P Pharmaceuticals (XPH) 0.0 $332k 4.3k 76.89
Pfizer (PFE) 0.0 $276k 9.6k 28.71
At&t (T) 0.0 $267k 7.9k 33.72
T. Rowe Price (TROW) 0.0 $215k 3.0k 71.67
Verizon Communications (VZ) 0.0 $266k 5.7k 46.62
Philip Morris International (PM) 0.0 $218k 2.5k 86.37
iShares MSCI EAFE Index Fund (EFA) 0.0 $227k 3.6k 63.67
Bp Plc-spons 0.0 $258k 6.2k 41.88
American Express 0.0 $233k 3.1k 75.28
Choice Hotels International (CHH) 0.0 $252k 5.8k 43.13
Community Bank System (CBU) 0.0 $255k 7.5k 34.05
URS Corporation 0.0 $218k 4.1k 53.69
iShares S&P MidCap 400 Index (IJH) 0.0 $215k 1.8k 121.47
DigitalGlobe 0.0 $232k 7.4k 31.55
SPDR KBW Bank (KBE) 0.0 $217k 7.2k 29.95
D American Elec Pwr In C Com Stk Common Stock 0 0.0 $242k 5.6k 43.28
SPDR S&P Oil & Gas Equipt & Servs. 0.0 $215k 5.1k 41.82
PowerShares Dynamic Market 0.0 $267k 5.8k 45.96
Schwab International Equity ETF (SCHF) 0.0 $295k 9.7k 30.29
Workday Inc cl a (WDAY) 0.0 $234k 2.9k 80.69
First Tr Exchange Traded Fd ny arca biotech 0.0 $246k 5.4k 45.77
Charles Schwab Corporation (SCHW) 0.0 $173k 15k 11.59
PPG Industries (PPG) 0.0 $205k 1.2k 166.94
Saic 0.0 $210k 13k 16.01
Rock-Tenn Company 0.0 $169k 13k 13.38
Amgen 0.0 $204k 1.8k 111.48
PowerShares WilderHill Clean Energy 0.0 $213k 34k 6.34
Bk Of America Corp 0.0 $194k 14k 13.73
Ciber 0.0 $64k 19k 3.29
AVANIR Pharmaceuticals 0.0 $97k 25k 3.96