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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
101 ALTRIA GROUP INC 4,485 309,000 0.02%
102 COMMUNITY BK SYS INC COM 7,488 307,000 0.02%
103 PIMCO ETF TR 5,527 304,000 0.02%
104 MERCK & CO INC 5,253 302,000 0.02%
105 VANGUARD INTL EQUITY INDEX F 6,386 298,000 0.02%
106 ENTERPRISE PRODS PARTNERS L 10,077 294,000 0.02%
107 CISCO SYS INC 9,452 271,000 0.02%
108 FIRST TRUST EXCH TRADED FUND 2 INDLS PROD DUR ETF 9,870 270,000 0.02%
109 INTEL CORP 8,090 265,000 0.02%
110 EXELON CORP 7,210 262,000 0.02%
111 CIENA CORP 13,904 260,000 0.02%
112 WISDOMTREE TR 6,540 247,000 0.02%
113 COMERICA INC 5,933 244,000 0.02%
114 VANGUARD INDEX FDS 2,761 244,000 0.02%
115 POWERSHARES ACT MANG COMM FD 13,654 243,000 0.02%
116 SPDR SSgA Ultra Short Bond ETF 6,000 240,000 0.02%
117 PHILIP MORRIS INTL INC 2,315 235,000 0.02%
118 VANGUARD INTL EQUITY INDEX F 4,059 235,000 0.02%
119 FREDERICK COUNTY BANCORP INC 11,661 231,000 0.02%
120 MAGELLAN MIDSTREAM PRTNRS LP 3,012 228,000 0.02%
121 SCHWAB SHORT-TERM US TREASURY ETF 4,435 226,000 0.02%
122 SCHLUMBERGER LTD 2,857 225,000 0.02%
123 PNC FINL SVCS GROUP INC 2,775 225,000 0.02%
124 ISHARES TR 4,420 223,000 0.02%
125 UBS AG JERSEY BRH 15,955 221,000 0.02%
126 IDACORP INC 2,715 220,000 0.02%
127 ISHARES TR 7,780 215,000 0.02%
128 FACEBOOK INC 1,880 214,000 0.02%
129 VANGUARD INTL EQUITY INDEX F 4,909 210,000 0.02%
130 FORD MTR CO DEL 16,638 209,000 0.02%
131 POWERSHARES ETF WILDER HILL CLEAN ENERGY PORTFOLIO 33,460 127,000 0.01%
132 INTERSECTIONS INC COM 30,641 65,000 0.00%
133 CIBER INC 19,434 29,000 0.00%
Page 3 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.