Pinnacle Advisory Group

Pinnacle Advisory as of Dec. 31, 2015

Portfolio Holdings for Pinnacle Advisory

Pinnacle Advisory holds 112 positions in its portfolio as reported in the December 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares Barclays 20+ Yr Treas.Bond (TLT) 11.3 $125M 1.0M 120.58
iShares Dow Jones US Technology (IYW) 10.0 $111M 1.0M 107.03
Financial Select Sector SPDR (XLF) 9.1 $101M 4.2M 23.83
Consumer Staples Select Sect. SPDR (XLP) 8.8 $97M 1.9M 50.49
Consumer Discretionary SPDR (XLY) 6.7 $75M 954k 78.16
Wisdomtree Tr blmbg us bull (USDU) 5.7 $63M 2.3M 27.36
Vanguard Health Care ETF (VHT) 5.2 $58M 433k 132.88
iShares S&P NA Tech. Sec. Idx (IGM) 3.9 $43M 388k 110.69
Db-x Msci Japan Etf equity (DBJP) 3.7 $41M 1.1M 38.09
iShares Dow Jones US Home Const. (ITB) 3.6 $40M 1.5M 27.10
iShares MSCI EMU Index (EZU) 3.5 $39M 1.1M 35.04
Utilities SPDR (XLU) 3.4 $38M 873k 43.28
iShares Lehman 7-10 Yr Treas. Bond (IEF) 3.4 $37M 352k 105.59
Industrial SPDR (XLI) 2.8 $31M 579k 53.01
iShares S&P Natl AMTFr Mncpl Bd (MUB) 2.5 $27M 247k 110.71
iShares Dow Jones US Financial Svc. (IYG) 2.3 $25M 278k 89.98
Wisdomtree Tr intl hedge eqt (HEDJ) 1.9 $22M 401k 53.81
iShares MSCI United Kingdom Index 1.8 $20M 1.2M 16.14
Ipath Dow Jones-aig Commodity (DJP) 1.2 $13M 597k 21.47
SPDR Nuveen Barclays Capital Municpl Bnd 0.9 $9.6M 394k 24.38
Schwab International Equity ETF (SCHF) 0.8 $8.5M 308k 27.54
iShares Barclays TIPS Bond Fund (TIP) 0.7 $7.3M 66k 109.67
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.5 $5.9M 48k 122.61
Spdr Euro Stoxx 50 Etf (FEZ) 0.5 $5.6M 164k 34.43
Powershares Act Mang Comm Fd db opt yld div 0.5 $5.7M 364k 15.61
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.4 $4.2M 171k 24.36
Health Care SPDR (XLV) 0.4 $4.0M 56k 72.03
Veeco Instruments (VECO) 0.3 $3.9M 190k 20.56
Schwab Strategic Tr us aggregate b (SCHZ) 0.3 $3.3M 64k 51.49
Google 0.3 $3.2M 4.2k 758.70
Vanguard Financials ETF (VFH) 0.2 $2.5M 52k 48.43
Vanguard Information Technology ETF (VGT) 0.2 $1.9M 18k 108.29
Exxon Mobil Corporation (XOM) 0.1 $1.5M 19k 77.90
Rydex S&P Equal Weight Technology 0.1 $1.6M 17k 92.27
Vanguard S&p 500 Etf idx (VOO) 0.1 $1.6M 8.5k 186.87
Clyme US Cptl Mkts Mco Trm Fxd Idx 0.1 $1.1M 22k 49.82
Johnson & Johnson (JNJ) 0.1 $978k 9.5k 102.66
Merck & Co (MRK) 0.1 $1.0M 12k 85.47
iShares S&P NA Tec. Semi. Idx (SOXX) 0.1 $1.0M 11k 89.79
iShares Dow Jones US Health Care (IHF) 0.1 $853k 6.9k 124.31
Vanguard Telecommunication Services ETF (VOX) 0.1 $921k 11k 83.90
CVS Caremark Corporation (CVS) 0.1 $744k 7.6k 97.75
SPDR KBW Insurance (KIE) 0.1 $761k 11k 69.47
iShares Lehman MBS Bond Fund (MBB) 0.1 $746k 6.9k 107.71
PowerShares Insured Nati Muni Bond 0.1 $741k 29k 25.45
Schwab U S Small Cap ETF (SCHA) 0.1 $755k 15k 52.03
Schwab Strategic Tr us lrg cap etf (SCHX) 0.1 $828k 17k 48.51
Proctor & Gamble 0.1 $740k 9.3k 79.35
Microsoft Corporation (MSFT) 0.1 $660k 12k 55.48
Dominion Resources (D) 0.1 $709k 11k 67.58
iShares S&P 500 Index (IVV) 0.1 $672k 3.3k 204.88
Energy Select Sector SPDR (XLE) 0.1 $669k 11k 60.29
iShares S&P NA Tec.-SW. Idx. Fund (IGV) 0.1 $639k 6.2k 103.77
Spdr S&p 500 Etf (SPY) 0.1 $552k 2.7k 203.69
General Electric Company 0.1 $601k 19k 31.13
At&t (T) 0.1 $507k 15k 34.38
International Business Machines (IBM) 0.1 $579k 4.2k 137.60
iShares Dow Jones US Pharm Indx (IHE) 0.1 $555k 3.4k 161.67
Ubs Ag Jersey Brh dj commd etn39 0.1 $544k 38k 14.20
Pimco Etf Tr 0-5 high yield (HYS) 0.1 $608k 6.6k 91.50
Chevron Corporation (CVX) 0.0 $391k 4.3k 89.95
Amgen (AMGN) 0.0 $426k 2.6k 162.29
Southern Company (SO) 0.0 $416k 8.9k 46.72
iShares S&P NA Tec.-Mul. Net. Idx. (IDGT) 0.0 $422k 11k 37.07
PowerShares Dynamic Software 0.0 $468k 11k 42.22
PNC Financial Services (PNC) 0.0 $296k 3.1k 95.30
Bank of America Corporation (BAC) 0.0 $296k 18k 16.82
Berkshire Hathaway (BRK.B) 0.0 $355k 2.7k 132.02
Pfizer (PFE) 0.0 $305k 9.5k 32.24
3M Company (MMM) 0.0 $281k 7.0k 40.26
Verizon Communications (VZ) 0.0 $321k 7.0k 46.13
Altria (MO) 0.0 $289k 5.0k 58.17
Colgate-Palmolive Company (CL) 0.0 $357k 5.4k 66.52
Nextera Energy (NEE) 0.0 $387k 3.7k 103.75
Choice Hotels International (CHH) 0.0 $356k 7.1k 50.40
Under Armour (UAA) 0.0 $298k 3.7k 80.58
Community Bank System (CBU) 0.0 $299k 7.5k 39.93
Ciena Corporation (CIEN) 0.0 $287k 14k 20.64
Sabine Royalty Trust (SBR) 0.0 $337k 13k 26.23
McCormick & Company, Incorporated (MKC.V) 0.0 $367k 4.3k 86.23
SPDR Barclays Capital High Yield B 0.0 $384k 11k 33.83
iShares MSCI Switzerland Index Fund (EWL) 0.0 $343k 11k 30.96
iShares S&P/Citi Intl Treasury Bond (IGOV) 0.0 $348k 3.9k 89.55
PIMCO Intermediate Mun Bond Strat Fund (MUNI) 0.0 $298k 5.5k 53.84
First Trust Ind/Prod AlphaDEX (FXR) 0.0 $321k 12k 26.09
Schwab Strategic Tr us reit etf (SCHH) 0.0 $314k 7.9k 39.59
Frederick County Ban 0.0 $279k 12k 23.93
Walt Disney Company (DIS) 0.0 $271k 2.6k 105.08
Bristol Myers Squibb (BMY) 0.0 $235k 3.4k 68.53
Cisco Systems (CSCO) 0.0 $231k 8.5k 27.09
Spectra Energy 0.0 $237k 9.9k 23.86
Intel Corporation (INTC) 0.0 $273k 7.9k 34.35
Philip Morris International (PM) 0.0 $252k 2.9k 87.68
Ford Motor Company (F) 0.0 $252k 18k 14.06
Exelon Corporation (EXC) 0.0 $200k 7.2k 27.75
Boeing 0.0 $219k 1.5k 144.36
Enterprise Products Partners (EPD) 0.0 $217k 8.5k 25.51
AllianceBernstein Global Hgh Incm (AWF) 0.0 $272k 25k 10.77
Vanguard High Dividend Yield ETF (VYM) 0.0 $208k 3.1k 66.45
TCW Strategic Income Fund (TSI) 0.0 $189k 36k 5.25
WisdomTree Japan Total Dividend (DXJ) 0.0 $268k 5.4k 49.91
PIMCO Enhanced Short Mat Str Fund ETF (MINT) 0.0 $267k 2.7k 100.45
WisdomTree International Dvd. Top 100 (AIVI) 0.0 $261k 6.9k 37.96
Schwab Strategic Tr intrm trm (SCHR) 0.0 $269k 5.0k 53.51
Ubs Ag Jersey Brh fund 0.0 $194k 16k 12.07
Ishares Inc core msci emkt (IEMG) 0.0 $246k 6.2k 39.37
Workday Inc cl a (WDAY) 0.0 $226k 2.8k 79.61
Ciber 0.0 $68k 19k 3.50
Intersections 0.0 $128k 45k 2.86
Yamana Gold 0.0 $111k 60k 1.85
PowerShares WilderHill Clean Energy 0.0 $158k 34k 4.72
Discovery Laboratories 0.0 $7.8k 41k 0.19