MAI Capital Management Q1 2018 Filing

Filed April 17, 2018

Portfolio Value

$1.8T

Holdings

461

Report Date

Q1 2018

Filing Type

13F-HR

All Holdings (461 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	SPYSPDR S&P 500 ETF	406,225	$106.9B	6.07%
2	MDYSPDR S&P Mid Cap 400 ETF	234,497	$80.1B	4.55%
3	IVViShares S&P 500 Index	244,321	$64.8B	3.68%
4	IJHiShares S&P Mid Cap Index	243,891	$45.7B	2.60%
5	IEMGiShares Core MSCI Emerging Mkt	597,148	$34.9B	1.98%
6	AAPLApple Inc	183,968	$30.9B	1.75%
7	AQLTiShares Core MSCI EAFE	445,343	$29.3B	1.67%
8	IWMiShares Russell 2000 Index	185,825	$28.2B	1.60%
9	JPMJPMorgan Chase & Co.	227,162	$25.0B	1.42%
10	SDYSPDR S&P Dividend ETF	261,786	$23.9B	1.36%
11	EFAiShares MSCI EAFE Index	339,885	$23.7B	1.34%
12	—PowerShares QQQ	144,285	$23.1B	1.31%
13	IWFiShares Russell 1000 Growth In	163,161	$22.2B	1.26%
14	IJRiShares S&P Small Cap Index	288,041	$22.2B	1.26%
15	JNJJohnson & Johnson	168,336	$21.6B	1.22%
16	IJKiShares S&P Mid Cap 400 Growth	89,360	$19.5B	1.11%
17	INTCIntel Corp	361,720	$18.8B	1.07%
18	MSFTMicrosoft Corporation	205,819	$18.8B	1.07%
19	BABoeing Company	57,034	$18.7B	1.06%
20	IJJiShares S&P Mid Cap 400 Value	114,326	$17.7B	1.00%
21	UNHUnitedHealth Group Inc	81,882	$17.5B	0.99%
22	—JPM S&P 500 Nt due 12/6/18	14,290,000	$16.6B	0.94%
23	CMCSAComcast Corp. Cl A	459,196	$15.7B	0.89%
24	ABTAbbott Laboratories	257,455	$15.4B	0.88%
25	HDHome Depot, Inc.	86,181	$15.4B	0.87%
26	NEENextEra Energy	91,234	$14.9B	0.85%
27	CSCOCisco Systems	335,345	$14.4B	0.82%
28	RTN1USDRaytheon Company	66,213	$14.3B	0.81%
29	BACBank of America Corp	439,607	$13.2B	0.75%
30	VWOVanguard FTSE Emerging Mkts ET	276,820	$13.0B	0.74%
31	—GS EEM Nt due 12/6/18	9,840,000	$13.0B	0.74%
32	QCOMQualcomm Incorporated	231,656	$12.8B	0.73%
33	AMGNAmgen Inc	71,465	$12.2B	0.69%
34	DBEFDeutsche X Tracks MSCI EAFE	387,825	$11.9B	0.68%
35	IWDiShares Russell 1000 Value Ind	99,013	$11.9B	0.67%
36	PEPPepsiCo, Inc.	107,975	$11.8B	0.67%
37	—MS EFA Nt Due 12/8/18	9,425,000	$11.6B	0.66%
38	VVisa Inc Cl A	95,564	$11.4B	0.65%
39	—UBS E-TRACS Alerian MLP Infras	527,075	$11.1B	0.63%
40	FEZSPDR Euro STOXX 50 ETF	274,633	$11.1B	0.63%
41	WFCWells Fargo & Company	209,890	$11.0B	0.62%
42	—MS SPX Nt 2/6/20	10,577,000	$10.8B	0.61%
43	CBChubb Ltd	78,987	$10.8B	0.61%
44	—PwrShares Bldg/Construction ET	336,976	$10.5B	0.60%
45	HONHoneywell International, Inc.	72,713	$10.5B	0.60%
46	TWXCHFTime Warner Inc	110,838	$10.5B	0.60%
47	EEMiShares MSCI Emerg Mkts Indx F	213,051	$10.3B	0.58%
48	DEODiageo PLC ADR	72,823	$9.9B	0.56%
49	EPDEnterprise Products Ptnrs	402,297	$9.8B	0.56%
50	AMZNAmazon.com	6,684	$9.7B	0.55%
51	IWOiShares Russell 2000 Growth In	48,975	$9.3B	0.53%
52	IVEiShares S&P Barra Value Index	85,358	$9.3B	0.53%
53	IVWiShares S&P 500 Growth	59,319	$9.2B	0.52%
54	BACVerizon Communications	190,501	$9.1B	0.52%
55	TRVCCitigroup	134,562	$9.1B	0.52%
56	—JPM S&P 500 Nt due 4/10/19	7,965,000	$9.1B	0.52%
57	—Alphabet Inc Class C	8,573	$8.8B	0.50%
58	AMJEURJPMorgan Alerian MLP Index	360,554	$8.7B	0.49%
59	NKENike Inc.	129,257	$8.6B	0.49%
60	XLNXEURXilinx Inc	114,003	$8.2B	0.47%
61	—Powershares ETF Bulletshs 2018	44,579	$8.0B	0.45%
62	SCZiShares MSCI EAFE Small Cap In	122,692	$8.0B	0.45%
63	BUDAnheuser-Busch InBev	72,395	$8.0B	0.45%
64	MPCMarathon Petroleum Corp	107,397	$7.9B	0.45%
65	BMYBristol-Myers Squibb	124,082	$7.8B	0.45%
66	KMIKinder Morgan, Inc.	518,949	$7.8B	0.44%
67	VMCVulcan Materials	67,969	$7.8B	0.44%
68	BRK/BBerkshire Hathaway Class B	38,493	$7.7B	0.44%
69	IWNiShares Russell 2000 Value Ind	62,662	$7.6B	0.43%
70	METAFacebook	47,497	$7.6B	0.43%	Put
71	BKNGBooking Holdings Inc	3,622	$7.5B	0.43%
72	ETNEaton Corporation	92,756	$7.4B	0.42%
73	LVLNSPDR S&P Bank ETF	151,235	$7.2B	0.41%
74	ADBEAdobe Systems	32,785	$7.1B	0.40%
75	MOAltria Group Inc.	113,647	$7.1B	0.40%
76	—Alphabet Inc Class A	6,765	$7.0B	0.40%
77	METMetlife Inc.	152,356	$7.0B	0.40%
78	—GS Russell 2000 Idx Due 5/20	5,935,000	$7.0B	0.40%
79	—EQT Midstream Partners, LP	116,752	$6.9B	0.39%
80	—GS S&P 400 Mid Nt due 4/9/19	5,955,000	$6.8B	0.39%
81	ORCLOracle Corp	148,213	$6.8B	0.38%
82	CVXChevron Corporation	58,880	$6.7B	0.38%
83	WEPMagellan Midstream Ptnrs LP	114,697	$6.7B	0.38%
84	WYWeyerhauser Corporation	186,697	$6.5B	0.37%
85	MDLZMondelez Intl Inc Com	155,715	$6.5B	0.37%
86	PGProcter & Gamble	79,999	$6.3B	0.36%
87	DISDisney, Walt Co.	61,323	$6.2B	0.35%
88	COSTCostco Wholesale Corp	32,247	$6.1B	0.34%
89	—MS EEM Nt due 4/8/19	4,945,000	$6.0B	0.34%
90	OXYOccidental Petroleum	90,904	$5.9B	0.34%
91	VEAVanguard FTSE Developed Mkts E	131,197	$5.8B	0.33%
92	TYLTyler Technologies Inc	27,395	$5.8B	0.33%	Put
93	BPBP Amoco PLC ADR	140,314	$5.7B	0.32%
94	—Valero Energy Partners LP	156,919	$5.6B	0.32%
95	CVSCVS Health Corp.	86,024	$5.4B	0.30%
96	XOMExxon Mobil Corp	69,808	$5.2B	0.30%
97	—GS S&P500 buffered equity Nt 9	4,700,000	$5.1B	0.29%
98	UPSUnited Parcel Service Inc.	47,535	$5.0B	0.28%
99	—RBC SX5E Abs Ret due 8/13/20	5,072,000	$5.0B	0.28%
100	DLSWisdomTree Int'l Small Cap Div	64,703	$4.9B	0.28%

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