MAI Capital Management Q3 2017 Filing

Filed October 12, 2017

Portfolio Value

$1.6T

Holdings

442

Report Date

Q3 2017

Filing Type

13F-HR

All Holdings (442 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	SPYSPDR S&P 500 ETF	426,915	$107.3B	6.51%
2	MDYSPDR S&P Mid Cap 400 ETF	241,323	$78.8B	4.78%
3	IVViShares S&P 500 Index	216,567	$54.8B	3.33%
4	IJHiShares S&P Mid Cap Index	217,845	$39.0B	2.37%
5	IEMGiShares Core MSCI Emerging Mkt	524,622	$28.3B	1.72%
6	AAPLApple Inc	176,009	$27.1B	1.65%	Put
7	IWMiShares Russell 2000 Index	182,435	$27.0B	1.64%
8	SDYSPDR S&P Dividend ETF	258,954	$23.6B	1.44%
9	EFAiShares MSCI EAFE Index	343,976	$23.6B	1.43%
10	AQLTiShares Core MSCI EAFE	346,427	$22.2B	1.35%
11	JPMJPMorgan Chase & Co.	230,704	$22.0B	1.34%
12	—PowerShares QQQ	147,405	$21.4B	1.30%
13	—UBS E-TRACS Alerian MLP Infras	812,202	$20.4B	1.24%
14	IWFiShares Russell 1000 Growth In	160,062	$20.0B	1.22%
15	JNJJohnson & Johnson	150,889	$19.6B	1.19%
16	IJRiShares S&P Small Cap Index	260,890	$19.4B	1.18%
17	CMCSAComcast Corp. Cl A	456,376	$17.6B	1.07%
18	MSFTMicrosoft Corporation	232,013	$17.3B	1.05%
19	IJKiShares S&P Mid Cap 400 Growth	84,770	$17.2B	1.04%
20	UNHUnitedHealth Group Inc	86,505	$16.9B	1.03%	Put
21	IJJiShares S&P Mid Cap 400 Value	109,800	$16.8B	1.02%
22	—JPM S&P 500 Nt due 12/6/18	14,390,000	$16.4B	0.99%
23	BABoeing Company	62,277	$15.8B	0.96%
24	INTCIntel Corp	400,945	$15.3B	0.93%
25	GEGeneral Electric Company	595,804	$14.4B	0.87%
26	ABTAbbott Laboratories	261,153	$13.9B	0.85%
27	AMGNAmgen Inc	73,923	$13.8B	0.84%
28	RTN1USDRaytheon Company	73,690	$13.7B	0.83%
29	HDHome Depot, Inc.	83,264	$13.6B	0.83%
30	NEENextEra Energy	91,021	$13.3B	0.81%
31	—GS EEM Nt due 12/6/18	9,880,000	$12.6B	0.76%
32	QCOMQualcomm Incorporated	241,622	$12.5B	0.76%
33	WFCWells Fargo & Company	222,956	$12.3B	0.75%
34	CBChubb Ltd	83,842	$12.0B	0.73%
35	PEPPepsiCo, Inc.	106,015	$11.8B	0.72%
36	DBEFDeutsche X Tracks MSCI EAFE	378,835	$11.8B	0.71%
37	VWOVanguard FTSE Emerging Markets	266,292	$11.6B	0.70%
38	CSCOCisco Systems	344,885	$11.6B	0.70%
39	DEODiageo PLC ADR	86,885	$11.5B	0.70%
40	—MS EFA Nt Due 12/8/18	9,460,000	$11.3B	0.68%
41	BACBank of America Corp	443,897	$11.2B	0.68%
42	FEZSPDR Euro STOXX 50 ETF	272,241	$11.2B	0.68%
43	IWDiShares Russell 1000 Value Ind	91,555	$10.8B	0.66%
44	—MS SPX Nt 2/6/20	10,737,000	$10.8B	0.66%
45	AMJEURJPMorgan Alerian MLP Index	379,397	$10.7B	0.65%
46	TWXCHFTime Warner Inc	101,233	$10.4B	0.63%
47	EPDEnterprise Products Ptnrs	389,843	$10.2B	0.62%
48	HONHoneywell International, Inc.	70,149	$9.9B	0.60%
49	XOMExxon Mobil Corp	120,564	$9.9B	0.60%
50	EEMiShares MSCI Emerg Mkts Indx F	214,695	$9.6B	0.58%
51	VMCVulcan Materials	79,584	$9.5B	0.58%
52	—PwrShares Bldg/Construction ET	296,594	$9.3B	0.56%
53	BACVerizon Communications	183,175	$9.1B	0.55%
54	—JPM S&P 500 Nt due 4/10/19	8,005,000	$9.0B	0.54%
55	WEPMagellan Midstream Ptnrs LP	123,091	$8.7B	0.53%
56	VVisa Inc Cl A	82,762	$8.7B	0.53%
57	—EQT Midstream Partners, LP	112,795	$8.5B	0.51%
58	BMYBristol-Myers Squibb	130,168	$8.3B	0.50%
59	—Alphabet Inc Class C	8,624	$8.3B	0.50%
60	IVEiShares S&P Barra Value Index	75,310	$8.1B	0.49%
61	METMetlife Inc.	155,670	$8.1B	0.49%
62	—Guggenheim S&P Healthcare Equa	46,141	$8.1B	0.49%
63	BUDAnheuser-Busch InBev	67,298	$8.0B	0.49%
64	CVSCVS Health Corp.	97,725	$7.9B	0.48%
65	IWOiShares Russell 2000 Growth In	43,500	$7.8B	0.47%
66	KMIKinder Morgan, Inc.	401,945	$7.7B	0.47%
67	TRVCCitigroup	103,165	$7.5B	0.46%
68	NKENike Inc.	142,870	$7.4B	0.45%
69	XLNXEURXilinx Inc	104,503	$7.4B	0.45%
70	OXYOccidental Petroleum	109,003	$7.0B	0.42%
71	IVWiShares S&P 500 Growth	48,146	$6.9B	0.42%
72	IWNiShares Russell 2000 Value Ind	55,061	$6.8B	0.41%
73	—GS Russell 2000 Idx Due 5/20	5,935,000	$6.8B	0.41%
74	MDLZMondelez Intl Inc Com	166,034	$6.8B	0.41%
75	—GS S&P 400 Mid Nt due 4/9/19	5,980,000	$6.7B	0.41%
76	CVXChevron Corporation	57,144	$6.7B	0.41%
77	MPCMarathon Petroleum Corp	119,343	$6.7B	0.41%
78	BKNGPriceline Group Inc.	3,650	$6.7B	0.41%
79	MOAltria Group Inc.	104,323	$6.6B	0.40%
80	—Valero Energy Partners LP	151,289	$6.6B	0.40%
81	SCZiShares MSCI EAFE Small Cap In	106,379	$6.6B	0.40%
82	WYWeyerhauser Corporation	183,868	$6.3B	0.38%
83	PGProcter & Gamble	68,749	$6.3B	0.38%
84	DISDisney, Walt Co.	61,385	$6.1B	0.37%
85	DDominion Energy Midstream Part	184,091	$5.9B	0.36%
86	TYLTyler Technologies Inc	33,155	$5.8B	0.35%	Put
87	—MS EEM Nt due 4/8/19	4,945,000	$5.7B	0.35%
88	AMZNAmazon.com	5,666	$5.4B	0.33%
89	UPSUnited Parcel Service Inc.	45,275	$5.4B	0.33%
90	—GS S&P500 buffered equity Nt 9	5,000,000	$5.2B	0.32%
91	—Alphabet Inc Class A	5,304	$5.2B	0.31%
92	—MS SPX Due 2/8/18	4,030,000	$5.1B	0.31%
93	BRK/BBerkshire Hathaway Class B	26,783	$4.9B	0.30%
94	ADBEAdobe Systems	32,816	$4.9B	0.30%
95	CAHCardinal Health Inc.	70,765	$4.7B	0.29%
96	COSTCostco Wholesale Corp	28,677	$4.7B	0.29%
97	MPLXMPLX LP	133,912	$4.7B	0.28%
98	VEAVanguard FTSE Developed Market	107,605	$4.7B	0.28%
99	—JPM EAFE Nt due 4/10/2019	3,915,000	$4.5B	0.27%
100	SLBSchlumberger Limited	63,485	$4.4B	0.27%

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