Sawtooth Asset Management

Sawtooth Asset Management as of Sept. 30, 2015

Portfolio Holdings for Sawtooth Asset Management

Sawtooth Asset Management holds 131 positions in its portfolio as reported in the September 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares Lehman 7-10 Yr Treas. Bond (IEF) 7.0 $6.5M 61k 107.88
Health Care SPDR (XLV) 6.0 $5.5M 84k 66.23
iShares MSCI EAFE Index Fund (EFA) 5.3 $5.0M 87k 57.32
iShares Russell 1000 Index (IWB) 5.0 $4.7M 44k 107.04
iShares S&P 500 Index (IVV) 4.7 $4.4M 23k 192.73
iShares Lehman MBS Bond Fund (MBB) 3.8 $3.5M 32k 109.63
iShares Lehman 1-3 Year Treas.Bond (SHY) 3.5 $3.2M 38k 85.00
iShares Lehman 3-7 Yr Treasury Bond (IEI) 3.2 $3.0M 24k 124.64
iShares Lehman Aggregate Bond (AGG) 2.1 $1.9M 18k 109.59
Consumer Discretionary SPDR (XLY) 2.0 $1.9M 25k 74.25
United Development Funding closely held st 1.7 $1.6M 90k 17.60
ProShares Short S&P500 1.4 $1.3M 59k 22.52
Spdr S&p 500 Etf (SPY) 1.3 $1.2M 6.2k 191.62
Consumer Staples Select Sect. SPDR (XLP) 1.3 $1.2M 25k 47.21
iShares 10+ Year Credit Bond Fund ETF (IGLB) 1.3 $1.2M 21k 57.03
Apple (AAPL) 1.3 $1.2M 11k 110.26
iShares S&P US Pref Stock Idx Fnd (PFF) 1.2 $1.2M 30k 38.59
Vanguard FTSE All-World ex-US ETF (VEU) 1.2 $1.1M 26k 42.62
First Tr Exchange Traded Fd dorsey wrt 5 etf (FV) 1.0 $963k 44k 21.94
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 1.0 $945k 8.7k 108.61
iShares iBoxx $ High Yid Corp Bond (HYG) 1.0 $932k 11k 83.27
Financial Select Sector SPDR (XLF) 1.0 $900k 40k 22.66
Technology SPDR (XLK) 0.9 $857k 22k 39.49
SPDR Dow Jones Global Real Estate (RWO) 0.9 $853k 19k 45.15
First Trust Large Cap Core Alp Fnd (FEX) 0.9 $826k 20k 41.84
Vanguard Total Bond Market ETF (BND) 0.9 $810k 9.9k 81.93
Berkshire Hathaway (BRK.B) 0.8 $746k 5.7k 130.42
LKQ Corporation (LKQ) 0.8 $711k 25k 28.35
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.7 $685k 6.5k 105.09
iShares S&P 1500 Index Fund (ITOT) 0.7 $636k 7.3k 87.60
Ishares Tr usa min vo (USMV) 0.7 $617k 16k 39.56
Schwab Strategic Tr us aggregate b (SCHZ) 0.7 $612k 12k 52.14
Cohen and Steers Global Income Builder 0.7 $602k 63k 9.51
Powershares Etf Trust Ii 0.6 $580k 16k 37.21
Schwab U S Small Cap ETF (SCHA) 0.6 $572k 11k 50.83
First Trust Tech AlphaDEX Fnd (FXL) 0.6 $567k 18k 31.67
Pimco Total Return Etf totl (BOND) 0.6 $549k 5.2k 105.37
WisdomTree Japan Total Dividend (DXJ) 0.6 $540k 11k 48.63
CVS Caremark Corporation (CVS) 0.6 $523k 5.4k 96.48
SPDR Gold Trust (GLD) 0.6 $523k 4.9k 106.89
Powershares S&p 500 0.6 $511k 16k 31.46
First Trust Cnsmer Disry Alpha Fnd (FXD) 0.5 $499k 15k 34.27
Philip Morris International (PM) 0.5 $493k 6.2k 79.38
Gilead Sciences (GILD) 0.5 $491k 5.0k 98.28
SPDR Barclays Capital Convertible SecETF (CWB) 0.5 $491k 11k 44.73
iShares Silver Trust (SLV) 0.5 $485k 35k 13.88
First Tr Energy Infrastrctr (FIF) 0.5 $481k 30k 15.97
Johnson & Johnson (JNJ) 0.5 $477k 5.1k 93.44
First Trust Health Care AlphaDEX (FXH) 0.5 $475k 8.2k 58.18
Advance Auto Parts (AAP) 0.5 $459k 2.4k 189.67
Express Scripts Holding 0.5 $440k 5.4k 80.93
Microchip Technology (MCHP) 0.5 $427k 9.9k 43.10
UnitedHealth (UNH) 0.5 $427k 3.7k 116.13
Cognizant Technology Solutions (CTSH) 0.5 $419k 6.7k 62.54
iShares Russell Midcap Growth Idx. (IWP) 0.5 $413k 4.7k 88.65
iShares S&P NA Tec.-SW. Idx. Fund (IGV) 0.5 $413k 4.4k 94.68
First Tr Exchange-traded Fd no amer energy (EMLP) 0.5 $421k 19k 21.86
Thor Industries (THO) 0.4 $412k 8.0k 51.78
Dycom Industries (DY) 0.4 $407k 5.6k 72.28
Reynolds American 0.4 $400k 9.0k 44.24
First Trust Financials AlphaDEX (FXO) 0.4 $388k 17k 22.47
Clean Harbors (CLH) 0.4 $378k 8.6k 43.98
Qualcomm (QCOM) 0.4 $372k 6.9k 53.78
SPDR S&P MidCap 400 ETF (MDY) 0.4 $371k 1.5k 249.16
First Trust Cnsumer Stapl Alpha (FXG) 0.4 $368k 8.8k 41.86
priceline.com Incorporated 0.4 $364k 294.00 1238.10
Mobile Mini 0.4 $365k 12k 30.79
W.W. Grainger (GWW) 0.4 $354k 1.6k 214.94
Procter & Gamble Company (PG) 0.4 $354k 4.9k 71.95
CenterState Banks 0.4 $352k 24k 14.69
Global Net Lease 0.4 $344k 37k 9.20
Amgen (AMGN) 0.4 $331k 2.4k 138.20
Chevron Corporation (CVX) 0.3 $326k 4.1k 78.82
Schlumberger (SLB) 0.3 $313k 4.5k 69.03
Omni (OMC) 0.3 $313k 4.8k 65.88
3M Company (MMM) 0.3 $310k 2.2k 141.62
Occidental Petroleum Corporation (OXY) 0.3 $306k 4.6k 66.05
J.M. Smucker Company (SJM) 0.3 $307k 2.7k 113.96
State Street Corporation (STT) 0.3 $286k 4.3k 67.22
ConocoPhillips (COP) 0.3 $283k 5.9k 48.03
Illinois Tool Works (ITW) 0.3 $290k 3.5k 82.34
iShares Dow Jones US Real Estate (IYR) 0.3 $278k 3.9k 70.94
iShares Dow Jones US Brok-Dea. Ind.ETF (IAI) 0.3 $277k 7.2k 38.50
M&T Bank Corporation (MTB) 0.3 $266k 2.2k 122.02
iShares Russell 2000 Index (IWM) 0.3 $266k 2.4k 109.33
Werner Enterprises (WERN) 0.3 $266k 11k 25.09
First Trust Mid Cap Core Alpha Fnd (FNX) 0.3 $268k 5.6k 48.04
First Trust Small Cap Cr AlphaDEX (FYX) 0.3 $267k 6.1k 43.83
Dbx Etf Tr infrstr rev (RVNU) 0.3 $268k 11k 25.45
Abbott Laboratories (ABT) 0.3 $259k 6.4k 40.28
At&t (T) 0.3 $256k 7.9k 32.56
Becton, Dickinson and (BDX) 0.3 $263k 2.0k 132.43
Swift Transportation Company 0.3 $264k 18k 15.00
Pfizer (PFE) 0.3 $246k 7.8k 31.46
Wells Fargo & Company (WFC) 0.3 $254k 5.0k 51.28
National-Oilwell Var 0.3 $250k 6.6k 37.65
iShares S&P SmallCap 600 Growth (IJT) 0.3 $246k 2.1k 120.00
Kraft Heinz (KHC) 0.3 $247k 3.5k 70.57
Coach 0.3 $240k 8.3k 28.97
Verizon Communications (VZ) 0.3 $238k 5.5k 43.50
Marsh & McLennan Companies (MMC) 0.3 $244k 4.7k 52.25
Merck & Co (MRK) 0.3 $243k 4.9k 49.36
Energy Select Sector SPDR (XLE) 0.3 $238k 3.9k 61.14
iShares S&P SmallCap 600 Value Idx (IJS) 0.3 $243k 2.3k 104.74
PowerShares Preferred Portfolio 0.3 $240k 16k 14.60
iShares MSCI Emerging Markets Indx (EEM) 0.2 $231k 7.0k 32.82
Wal-Mart Stores (WMT) 0.2 $232k 3.6k 64.82
Cummins (CMI) 0.2 $232k 2.1k 108.61
Lockheed Martin Corporation (LMT) 0.2 $234k 1.1k 207.63
Altria (MO) 0.2 $232k 4.3k 54.35
Marten Transport (MRTN) 0.2 $229k 14k 16.18
Stoneridge (SRI) 0.2 $233k 19k 12.36
iShares S&P MidCap 400 Growth (IJK) 0.2 $229k 1.5k 157.28
First Trust Energy AlphaDEX (FXN) 0.2 $232k 16k 14.39
JPMorgan Chase & Co. (JPM) 0.2 $223k 3.7k 61.03
Novo Nordisk A/S (NVO) 0.2 $222k 4.1k 54.12
Dollar General (DG) 0.2 $221k 3.1k 72.46
Proshares Tr ultr 7-10 trea (UST) 0.2 $225k 3.9k 58.23
Ssga Active Etf Tr blkstn gsosrln (SRLN) 0.2 $219k 4.6k 47.67
Automatic Data Processing (ADP) 0.2 $216k 2.7k 80.39
Manitowoc Company 0.2 $213k 14k 15.01
Southern Company (SO) 0.2 $218k 4.9k 44.76
Doubleline Total Etf etf (TOTL) 0.2 $218k 4.4k 49.48
Union Pacific Corporation (UNP) 0.2 $204k 2.3k 88.20
TJX Companies (TJX) 0.2 $201k 2.8k 71.45
Visa (V) 0.2 $206k 3.0k 69.74
Ventas (VTR) 0.2 $206k 3.7k 55.93
Tier Reit 0.2 $182k 12k 14.72
Putnam High Income Securities Fund 0.2 $144k 20k 7.07
iShares MSCI Japan Index 0.1 $129k 11k 11.44
Frontier Communications 0.1 $52k 11k 4.76