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Institutional Investment Manager
Investors Capital Advisory Services
Investors Capital Advisory Services (CIK: 0001427271) incorporated in Massachusetts, located at 6 Kimball Lane, Lynnfield, MA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q3)
Portfolio Summary: 706 holdings with a total value of $509,228,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 NOVO-NORDISK A S 39,375 1,874,000 0.37%
52 SPDR SERIES TRUST 46,039 1,849,000 0.36%
53 VANGUARD INDEX FDS 16,638 1,840,000 0.36%
54 LINN ENERGY LLC UNIT LTD LIAB 59,257 1,785,000 0.35%
55 GRAINGER W W INC 7,024 1,767,000 0.35%
56 DOW CHEM CO 33,559 1,758,000 0.35%
57 SELECT SECTOR SPDR TR 27,137 1,734,000 0.34%
58 ISHARES TR 8,670 1,718,000 0.34%
59 REYNOLDS AMERICAN INC 28,517 1,682,000 0.33%
60 BRISTOL MYERS SQUIBB CO 32,194 1,647,000 0.32%
61 CONOCOPHILLIPS 21,370 1,635,000 0.32%
62 WISDOMTREE TR 22,912 1,635,000 0.32%
63 POWERSHARES ETF TRUST 36,360 1,626,000 0.32%
64 VANGUARD INDEX FDS 20,011 1,624,000 0.32%
65 ANNALY CAPITAL MANAGEMENT INC COM 152,097 1,624,000 0.32%
66 SPDR SER TR 21,333 1,598,000 0.31%
67 LOWES COS INC 29,752 1,574,000 0.31%
68 MARKWEST ENERGY PARTNERS LP 20,445 1,569,000 0.31%
69 SELECT SECTOR SPDR TR 34,685 1,564,000 0.31%
70 WAL-MART STORES INC 20,367 1,556,000 0.31%
71 DISNEY WALT CO 17,452 1,553,000 0.30%
72 ISHARES TR 39,056 1,543,000 0.30%
73 NUVEEN MUN HIGH INCOME OPP FD COM 118,285 1,542,000 0.30%
74 ISHARES TR 13,989 1,529,000 0.30%
75 JPMORGAN CHASE & CO 25,187 1,516,000 0.30%
76 UNITED TECHNOLOGIES CORP 14,349 1,513,000 0.30%
77 ENERGY TRANSFER L P 24,533 1,512,000 0.30%
78 EATON VANCE TX ADV GLBL DIV 88,409 1,504,000 0.30%
79 VANGUARD INDEX FDS 12,466 1,500,000 0.29%
80 CATERPILLAR INC 14,934 1,478,000 0.29%
81 ENBRIDGE ENERGY PARTNERS L P 37,875 1,471,000 0.29%
82 CHEVRON CORP NEW 12,257 1,461,000 0.29%
83 UNION PAC CORP 13,463 1,459,000 0.29%
84 MCDONALDS CORP 15,024 1,424,000 0.28%
85 POWERSHARES N/C 6/4/18 46137V662 22,138 1,409,000 0.28%
86 BOEING CO 10,930 1,391,000 0.27%
87 ISHARES TR 13,230 1,379,000 0.27%
88 EOG RES INC 13,906 1,376,000 0.27%
89 AUTOMATIC DATA PROCESSING IN 16,390 1,360,000 0.27%
90 FORD MTR CO DEL 91,723 1,355,000 0.27%
91 ISHARES TR 11,731 1,351,000 0.27%
92 NIKE INC 15,099 1,346,000 0.26%
93 DELAWARE ENHANCED GBL DIV & 109,992 1,322,000 0.26%
94 CHIPOTLE MEXICAN GRILL INC 1,975 1,316,000 0.26%
95 FIRST TRUST PORTFOLIOS SHS ETF 31,910 1,312,000 0.26%
96 POWERSHARES ETF TRUST 42,905 1,306,000 0.26%
97 QUALCOMM INC 17,476 1,305,000 0.26%
98 EATON VANCE LTD COM 89,004 1,297,000 0.25%
99 CONSOLIDATED EDISON INC 22,804 1,292,000 0.25%
100 FREEPORT-MCMORAN INC 39,505 1,289,000 0.25%
Page 2 of 15

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001427271-14-000005, filed 2014.11.14).

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.