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 (2016Q2)
Portfolio Summary: 133 holdings with a total value of $1,300,386,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 CIBER INC 19,434 29,000 0.00%
2 INTERSECTIONS INC COM 30,641 65,000 0.00%
3 POWERSHARES ETF WILDER HILL CLEAN ENERGY PORTFOLIO 33,460 127,000 0.01%
4 FORD MTR CO DEL 16,638 209,000 0.02%
5 VANGUARD INTL EQUITY INDEX F 4,909 210,000 0.02%
6 FACEBOOK INC 1,880 214,000 0.02%
7 ISHARES TR 7,780 215,000 0.02%
8 IDACORP INC 2,715 220,000 0.02%
9 UBS AG JERSEY BRH 15,955 221,000 0.02%
10 ISHARES TR 4,420 223,000 0.02%
11 PNC FINL SVCS GROUP INC 2,775 225,000 0.02%
12 SCHLUMBERGER LTD 2,857 225,000 0.02%
13 SCHWAB SHORT-TERM US TREASURY ETF 4,435 226,000 0.02%
14 MAGELLAN MIDSTREAM PRTNRS LP 3,012 228,000 0.02%
15 FREDERICK COUNTY BANCORP INC 11,661 231,000 0.02%
16 VANGUARD INTL EQUITY INDEX F 4,059 235,000 0.02%
17 PHILIP MORRIS INTL INC 2,315 235,000 0.02%
18 SPDR SSgA Ultra Short Bond ETF 6,000 240,000 0.02%
19 POWERSHARES ACT MANG COMM FD 13,654 243,000 0.02%
20 VANGUARD INDEX FDS 2,761 244,000 0.02%
21 COMERICA INC 5,933 244,000 0.02%
22 WISDOMTREE TR 6,540 247,000 0.02%
23 CIENA CORP 13,904 260,000 0.02%
24 EXELON CORP 7,210 262,000 0.02%
25 INTEL CORP 8,090 265,000 0.02%
26 FIRST TRUST EXCH TRADED FUND 2 INDLS PROD DUR ETF 9,870 270,000 0.02%
27 CISCO SYS INC 9,452 271,000 0.02%
28 ENTERPRISE PRODS PARTNERS L 10,077 294,000 0.02%
29 VANGUARD INTL EQUITY INDEX F 6,386 298,000 0.02%
30 MERCK & CO INC 5,253 302,000 0.02%
31 PIMCO ETF TR 5,527 304,000 0.02%
32 COMMUNITY BK SYS INC COM 7,488 307,000 0.02%
33 ALTRIA GROUP INC 4,485 309,000 0.02%
34 UBS AG 19,403 314,000 0.02%
35 JPMORGAN CHASE & CO 5,150 320,000 0.02%
36 SCHWAB U.S. REIT ETF 7,402 321,000 0.02%
37 PFIZER INC 9,375 330,000 0.03%
38 TCW STRATEGIC INCOME FD INC 60,795 330,000 0.03%
39 BERKSHIRE HATHAWAY INC DEL 2,299 332,000 0.03%
40 VANGUARD WHITEHALL FDS 4,687 334,000 0.03%
41 ISHARES TR 3,048 336,000 0.03%
42 CHOICE HOTELS INTL NEW 7,063 336,000 0.03%
43 VANGUARD BD INDEX FDS 4,180 338,000 0.03%
44 DISNEY WALT CO 3,476 340,000 0.03%
45 CHEVRON CORP NEW 3,386 355,000 0.03%
46 SCHWAB U.S. MID-CAP ETF 8,611 361,000 0.03%
47 VANGUARD TAX-MANAGED FDS 10,592 374,000 0.03%
48 ISHARES TR 2,635 380,000 0.03%
49 BLACKSTONE MTG TR INC 13,815 382,000 0.03%
50 ISHARES TR 10,947 382,000 0.03%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001504404-16-000012, filed 2016.08.04).

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.