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Institutional Investment Manager
LADENBURG THALMANN FINANCIAL SERVICES INC.
LADENBURG THALMANN FINANCIAL SERVICES INC. (CIK: 0001029730) incorporated in Florida, registered under Security Brokers, Dealers & Flotation Companies, located at 4400 Biscayne Blvd., Miami, FL. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q3)
Portfolio Summary: 4,917 holdings with a total value of $6,676,097,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 VANGUARD SCOTTSDALE FDS 288,453 25,839,000 0.39%
52 ISHARES TR 299,487 25,661,000 0.38%
53 COLGATE PALMOLIVE CO 344,775 25,554,000 0.38%
54 J P MORGAN EXCHANGE TRADED F 469,837 24,457,000 0.37%
55 ISHARES TR 138,711 24,247,000 0.36%
56 ISHARES TR 182,205 24,238,000 0.36%
57 PHILIP MORRIS INTL INC 242,550 23,579,000 0.35%
58 INTERNATIONAL BUSINESS MACHS 146,228 23,221,000 0.35%
59 SPDR DOW JONES INDL AVRG ETF 125,330 22,907,000 0.34%
60 COCA COLA CO 536,023 22,677,000 0.34%
61 STARBUCKS CORP 415,817 22,513,000 0.34%
62 SPDR GOLD TR 175,518 22,039,000 0.33%
63 ISHARES TR 323,333 21,868,000 0.33%
64 PFIZER INC 645,080 21,845,000 0.33%
65 VANGUARD INDEX FDS 236,992 21,628,000 0.32%
66 SELECT SECTOR SPDR TR 305,053 21,520,000 0.32%
67 INTEL CORP 560,224 21,142,000 0.32%
68 DISNEY WALT CO 226,919 21,071,000 0.32%
69 VANGUARD INDEX FDS 236,436 20,566,000 0.31%
70 VANGUARD INTL EQUITY INDEX F 420,418 20,486,000 0.31%
71 PEPSICO INC 187,054 20,333,000 0.30%
72 ISHARES TR 93,084 20,250,000 0.30%
73 UNITED PARCEL SERVICE INC 174,994 19,137,000 0.29%
74 VANECK VECTORS ETF TR 659,270 19,041,000 0.29%
75 VANGUARD CHARLOTTE FDS 339,167 19,007,000 0.28%
76 POWERSHARES ETF TR II 486,797 18,941,000 0.28%
77 WASTE MGMT INC DEL 292,670 18,659,000 0.28%
78 JPMORGAN CHASE & CO 274,254 18,267,000 0.27%
79 HOME DEPOT INC 141,288 18,186,000 0.27%
80 ALPHABET INC 22,460 18,053,000 0.27%
81 SELECT SECTOR SPDR TR 366,537 17,957,000 0.27%
82 ISHARES TR 145,187 17,893,000 0.27%
83 VISA INC 211,575 17,500,000 0.26%
84 ISHARES TR 205,403 17,465,000 0.26%
85 VANGUARD INDEX FDS 156,237 17,285,000 0.26%
86 MERCK & CO INC 272,760 17,029,000 0.26%
87 VANGUARD INDEX FDS 139,353 17,025,000 0.26%
88 REYNOLDS AMERICAN INC 360,638 17,004,000 0.25%
89 ISHARES TR 332,234 16,826,000 0.25%
90 ISHARES TR 131,567 16,649,000 0.25%
91 VANGUARD INDEX FDS 126,807 16,409,000 0.25%
92 MCDONALDS CORP 141,977 16,371,000 0.25%
93 ISHARES TR 358,294 16,255,000 0.24%
94 VANGUARD WORLD FDS 118,205 16,184,000 0.24%
95 BP PLC 457,471 16,087,000 0.24%
96 WAL-MART STORES INC 220,763 15,919,000 0.24%
97 ISHARES TR 148,874 15,747,000 0.24%
98 ALPS ETF TR 1,240,319 15,711,000 0.24%
99 SOUTHERN CO 301,680 15,465,000 0.23%
100 SELECT SECTOR SPDR TR 289,486 15,415,000 0.23%
Page 2 of 99

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144204-16-134135, filed 2016.11.14).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.