Dark
Light
System
Institutional Investment Manager
Pinnacle Advisory Group, Inc.
Pinnacle Advisory Group, Inc. (CIK: 0001504404) incorporated in Maryland, located at 6345 Woodside Court, Columbia, MD. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q3)
Original 13F HR (0001504404-14-000008) filed in 2014.11.03
#
Name
Shares
Value ($)
%
Options
Notes
1 SELECT SECTOR SPDR TR 5,332,971 123,564 15.82%
2 ISHARES 1,846,518 71,090 9.10%
3 ISHARES INC 1,271,906 24,649 3.16%
4 UBS AG JERSEY BRH 1,220,010 23,094 2.96%
5 SELECT SECTOR SPDR TR 1,006,878 45,420 5.82%
6 SELECT SECTOR SPDR TR 756,172 40,190 5.15%
7 IPATH BLOOMBERG COMMODITY INDEX TOTAL RETURN ETN 723,250 24,858 3.18%
8 ISHARES INC 713,488 23,195 2.97%
9 RYDEX ETF TRUST 655,623 55,747 7.14%
10 SELECT SECTOR SPDR TR 654,179 43,627 5.59%
11 WISDOMTREE TR 578,605 27,078 3.47%
12 SELECT SECTOR SPDR TR 414,976 37,605 4.81%
13 VANGUARD WORLD FD 389,606 45,580 5.84%
14 SPDR SERIES TR 374,127 8,979 1.15%
15 GUGGENHEIM BULLETSHARES 2015 CORPORATE BOND ETF 299,643 6,514 0.83%
16 ISHARES TRUST US HLTHCR PR ETF 284,400 30,391 3.89%
17 ISHARES TR 272,118 27,048 3.46%
18 CLAYMORE EXCHANGE TRD FD TR 234,061 4,826 0.62%
19 ISHARES TR 229,317 25,149 3.22%
20 Spdr Ser Tr Nuveen Barcl 213,739 5,216 0.67%
21 ARCH CAP GROUP LTD 164,598 9,006 1.15%
22 SANDSTORM GOLD LTD 150,000 30 0.00%
23 ISHARES TR 126,800 10,715 1.37%
24 SANDSTORM GOLD LTD 72,900 60 0.01%
25 CTPartners Executive Search Inc 54,400 848 0.11%
26 SELECT SECTOR SPDR TR 36,910 2,358 0.30%
27 POWERSHARES ETF WILDER HILL CLEAN ENERGY PORTFOLIO 33,460 211 0.03%
28 ISHARES TR 33,217 4,029 0.52%
29 SELECT SECTOR SPDR TR 32,928 1,385 0.18%
30 SPDR S&P 500 ETF TR 30,010 5,912 0.76%
31 INTERSECTIONS INC COM 28,294 108 0.01%
32 POWERSHARES DYNAMIC 27,750 638 0.08%
33 POWERSHARES ETF TR II 26,835 674 0.09%
34 MICROSOFT CORP 26,778 1,241 0.16%
35 COCA COLA CO 25,794 1,100 0.14%
36 Vantage Drilling Company 25,000 31 0.00%
37 EXXON MOBIL CORP 24,264 2,282 0.29%
38 SPDR SERIES TRUST 19,500 717 0.09%
39 SPDR SER TR 18,869 1,412 0.18%
40 FORD MTR CO DEL 15,913 235 0.03%
41 DISCOVERY LABORATORIES INC N 15,786 29 0.00%
42 POWERSHARES ETF TRUST 15,725 557 0.07%
43 YAMANA GOLD INC 15,000 90 0.01%
44 ISHARES TR 14,937 2,096 0.27%
45 MERCK & CO INC 14,630 919 0.12%
46 SPDR GOLD TR 14,292 1,660 0.21%
47 BANK AMER CORP 13,717 233 0.03%
48 SPDR SERIES TRUST 13,644 859 0.11%
49 AT&T INC 13,238 466 0.06%
50 Spectra Energy Corp Com 13,085 513 0.07%
Page 1 of 3