HOLLENCREST CAPITAL MANAGEMENT Q1 2017 Filing

Filed April 21, 2017

Portfolio Value

$687.2M

Holdings

370

Report Date

Q1 2017

Filing Type

13F-HR

All Holdings (370 positions)

#	Stock	Shares	Value	% Portfolio
1	SPYSPDR S&P 500 ETF	412,829	$97.3M	14.16%
2	QQQPOWERSHARES QQQ TRUST SRS 1 ET	399,529	$52.9M	7.70%
3	BRK/BBERKSHIRE HATHAWAY B NEW CLASS	193,586	$32.3M	4.70%
4	UPSUNITED PARCEL SRVC CLASS B	292,404	$31.4M	4.57%
5	XLFITECHNOLOGY SELECT SECTOR SPDR	313,360	$16.7M	2.43%
6	STTSELECT SECTOR HEALTH CARE SPDR	199,184	$14.8M	2.16%
7	—FIDELITY NATIONAL FINANCIALIN	324,775	$12.6M	1.84%
8	—POWERSHARES S&P 500 LOW VOLAT	271,967	$11.8M	1.72%
9	IGSBISHARES 1-3 YEAR CREDIT BOND E	105,002	$11.0M	1.61%
10	4I1PHILIP MORRIS INTL	96,585	$10.9M	1.59%
11	TSMTAIWAN SEMICONDUCTR F SPONSORE	307,085	$10.1M	1.47%
12	IVVISHARES CORE S&P 500 ETF	41,369	$9.8M	1.43%
13	—WILLIAMS PARTNERS LP LP	224,038	$9.1M	1.33%
14	—FIDELITY NATL INFO	111,455	$8.9M	1.29%
15	VTVVANGUARD VALUE ETF	84,218	$8.0M	1.17%
16	DFJWISDOMTREE JAPAN HEDGED EQUITY	157,294	$8.0M	1.16%
17	IUSGISHARES CORE S&P US GROWTH ETF	170,560	$7.9M	1.15%
18	AMZNAMAZON COM INC	8,527	$7.6M	1.10%
19	HYSPIMCO 0-5 YEAR HIGH YLD BND ID	69,042	$7.0M	1.02%
20	PMBSPIMCO TOTAL RETURN ACTIVE ETF	61,975	$6.5M	0.95%
21	USBU S BANCORP	126,212	$6.5M	0.95%
22	EWGISHARES MSCI GERMANY ETF	224,000	$6.4M	0.94%
23	—BLACKROCK MUNIYIELD CALI	431,259	$6.4M	0.92%
24	—GOLDEN GATE CAP OPPTNTY FD LP	6,455,976	$6.3M	0.92%
25	ISTBISHARES CORE 1-5 YEAR USD BO	109,570	$5.5M	0.80%
26	INTCINTEL CORP	141,262	$5.1M	0.74%
27	—SPDR DOUBLELINE TTL RTRN TTCL	90,760	$4.4M	0.65%
28	—VANGUARD SCOTTSDALE FUNDS VANG	53,433	$4.3M	0.62%
29	LVLNSPDR BLMBRG BRCLY SHT TRM HGH	151,429	$4.2M	0.62%
30	AGGISHARES CORE US AGGREGATE BOND	37,880	$4.1M	0.60%
31	AAPLAPPLE INC	26,905	$3.9M	0.56%
32	PFEPFIZER INCORPORATED	112,724	$3.9M	0.56%
33	MSFTMICROSOFT CORP	57,228	$3.8M	0.55%
34	MRKMERCK & CO INC	57,114	$3.6M	0.53%
35	SHYISHARES 1-3 YEAR TREASRY BOND	41,600	$3.5M	0.51%
36	NEARISHARES SHORT MATURITY BOND	69,860	$3.5M	0.51%
37	CEFCENTRAL FUND CDA CF	272,400	$3.5M	0.51%
38	BACBANK OF AMERICA CORP	147,733	$3.5M	0.51%
39	GEGENERAL ELECTRIC CO	115,932	$3.5M	0.50%
40	—BLACKROCK MUNICIPAL INCO	237,162	$3.3M	0.48%
41	TIPISHARES TIPS BOND ETF	28,248	$3.2M	0.47%
42	IWFISHARES RUSSELL 1000 GROWTH ET	27,087	$3.1M	0.45%
43	CATCATERPILLAR INC	32,417	$3.0M	0.44%
44	EFAISHARES MSCI EAFE ETF	46,438	$2.9M	0.42%
45	VZVERIZON COMMUNICATN	59,099	$2.9M	0.42%
46	ORCLORACLE CORPORATION	64,574	$2.9M	0.42%
47	—SPDR S&P DIVIDEND ETF	32,163	$2.8M	0.41%
48	LQDISHARES IBOXX INVT GRADE BOND	24,010	$2.8M	0.41%
49	VIGVANGUARD DIVIDEND APPRECIATION	31,118	$2.8M	0.41%
50	IWBISHARES RUSSELL 1000 ETF	21,110	$2.8M	0.40%
51	OEFISHARES S&P 100 ETF	25,169	$2.6M	0.38%
52	—VANECK VECTORS RUSSIA ETF	121,619	$2.5M	0.37%
53	SHVISHARES SHORT TREASURY BOND	22,660	$2.5M	0.36%
54	IWRISHARES RUSSELL MID CAP ETF	13,197	$2.5M	0.36%
55	—BLACKROCK MUNIYIELD CALI	165,511	$2.4M	0.35%
56	VUGVANGUARD INDEX FUNDS VANGUARD	19,657	$2.4M	0.35%
57	ICFISHARES COHEN AND STEERS REIT	23,583	$2.4M	0.34%
58	BRK-B1/100 BERKSHIRE HTWY CLA 100 S	900	$2.2M	0.33%
59	EUDGWISDOMTREE EUROPE HEDGED EQTY	35,090	$2.2M	0.32%
60	XLFISELECT STR FINANCIAL SELECT SP	88,744	$2.1M	0.31%
61	VTIVANGUARD TOTAL STOCK MARKET ET	17,322	$2.1M	0.31%
62	—VANECK VECTORS JR GOLD MINERS	58,000	$2.1M	0.30%
63	PGPROCTER & GAMBLE	22,029	$2.0M	0.29%
64	MOALTRIA GROUP INC	27,490	$2.0M	0.29%
65	—FARM CREDIT BANK O 0 PFD DUE 1	1,600	$2.0M	0.29%
66	IMAAtomera Incorporated	269,623	$1.9M	0.28%
67	AQLTISHARES SELECT DIVIDEND ETF	20,611	$1.9M	0.27%
68	PFFISHARES U S PFD ETF U S PFD ST	47,824	$1.9M	0.27%
69	—JPMORGAN CHASE & CO	20,517	$1.8M	0.26%
70	IMAIShares core MSCI Emerging Mar	35,786	$1.7M	0.25%
71	WMBWILLIAMS COMPANIES	57,569	$1.7M	0.25%
72	GABGABELLI EQUITY CF	284,208	$1.7M	0.25%
73	LDURPIMCO ENHANCED SHRT MATURTY AC	16,620	$1.7M	0.25%
74	TRVCCITIGROUP INC NEW	27,613	$1.7M	0.24%
75	OGZDGAZPROM PJSC F ADR 1 ADR REPS	363,600	$1.6M	0.24%
76	—ENERGY TRANSFER PART LP	44,635	$1.6M	0.24%
77	VNQVANGUARD REIT ETF	19,540	$1.6M	0.23%
78	BXBLACKSTONE GROUP LP LP	51,686	$1.5M	0.22%
79	PACWUSDPACWEST BANCORP	28,179	$1.5M	0.22%
80	—FIDELITY NATIONAL FINANCIALIN	111,033	$1.5M	0.21%
81	NGLNGL ENERGY PARTNER LP	64,400	$1.5M	0.21%
82	—SELECT SECTOR INDUSTRIAL SPDR	22,268	$1.4M	0.21%
83	—EATON VANCE TAX ADVANTAG	68,277	$1.4M	0.21%
84	BABOEING CO	7,975	$1.4M	0.21%
85	XLFIENERGY SELECT SECTOR SPDR ETF	20,157	$1.4M	0.21%
86	—POPE RESOURCES DEP LP	19,597	$1.4M	0.20%
87	VVISA INC CLASS A	15,096	$1.3M	0.20%
88	IJJISHARES S&P MIDCAP400 VALUEETF	8,857	$1.3M	0.19%
89	METAFACEBOOK INC CLASS A	9,254	$1.3M	0.19%
90	IWMISHARES RUSSELL 2000 ETF	9,474	$1.3M	0.19%
91	—ARRAY BIOPHARMA INC	141,470	$1.3M	0.18%
92	—MANULIFE FINANCIAL F	70,786	$1.3M	0.18%
93	—ALPHABET INC. CLASS C	1,511	$1.3M	0.18%
94	—MACYS INC	42,000	$1.2M	0.18%
95	ABXBARRICK GOLD CORP F	65,515	$1.2M	0.18%
96	BBBLACKBERRY LTD F	160,275	$1.2M	0.18%
97	EWZISHARES MSCI BRAZIL CAPPED ETF	32,000	$1.2M	0.17%
98	XBOEXBLACKROCK GLOBAL OPPORTU	95,873	$1.2M	0.17%
99	—COLONY NORTHSTAR INC	91,522	$1.2M	0.17%
100	AQLTISHARES FLOATING RATE BOND ETF	22,956	$1.2M	0.17%

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