CAM

Capstone Asset Management Portfolio holdings

AUM $3.6B

1-Year Est. Return 20.2%

2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Est. Return

1 Year Est. Return

+20.2%

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$3.59B

AUM Growth

+$101M (+2.9%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

1,659

New

Increased

Reduced

Closed

Top Buys

1		+$8M
2		+$7.53M
3		+$6.41M
4	Medtronic MDT	+$5.7M
5	Encompass Health EHC	+$5.34M

Top Sells

1		+$10.6M
2		+$8.86M
3		+$8.81M
4	APC Anadarko Petroleum APC	+$8.72M
5	STJ St Jude Medical STJ	+$6.94M

Sector Composition

1	Financials	17.2%
2	Technology	15.16%
3	Healthcare	11.21%
4	Industrials	10%
5	Consumer Discretionary	9.73%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal
601	601 AutoNation AN $8.16B	$961K	0.03%	22,726 +2,650
602	602 Ovintiv OVV $9.4B	$959K	0.03%	16,380 +134
603	603 Invesco IVZ $10.2B	$955K	0.03%	31,165 +632
604	604 Gartner IT $19B	$953K	0.03%	8,829 +310
605	605 Freeport-McMoran FCX $58.6B	$952K	0.03%	71,238 +1,894
606	606 NRG Energy NRG $31B	$951K	0.03%	50,830 -7,400
607	607 Brown-Forman Class B BF.B $13.3B	$950K	0.03%	32,138 -2,484
608	608 American Financial Group AFG $11B	$944K	0.03%	9,889 +408
609	POT 609 DELISTED Potash Corp Of Saskatchewan POT	$940K	0.03%	55,022 +490
610	CDK 610 DELISTED CDK Global, Inc. CDK	$939K	0.03%	14,442 +440
611	611 MarketAxess Holdings MKTX $6.42B	$937K	0.03%	4,999 +31
612	612 Sasol SSL $3.51B	$934K	0.03%	31,782 +420
613	613 Garmin GRMN $47.7B	$933K	0.03%	18,254 +1,160
614	614 Cognex CGNX $7.77B	$926K	0.03%	22,064 +1,020
615	615 PVH PVH $4.07B	$919K	0.03%	8,885 -90
616	616 Alaska Air ALK $5.5B	$917K	0.03%	9,944 -360
617	617 Transocean RIG $3.77B	$913K	0.03%	73,330 +8,270
618	618 Federal Realty Investment Trust FRT $8.71B	$912K	0.03%	6,835 -475
619	619 BorgWarner BWA $9.42B	$911K	0.03%	24,767 +2,374
620	620 A.O. Smith AOS $9.56B	$904K	0.03%	17,664 +40
621	621 Xylem XYL $35.5B	$901K	0.03%	17,939 +400
622	622 Tesla TSLA $1.46T	$900K	0.03%	48,495 +7,080
623	WCG 623 DELISTED Wellcare Health Plans, Inc. WCG	$900K	0.03%	6,422 +170
624	624 Zions Bancorporation ZION $7.63B	$899K	0.03%	21,406 -2,100
625	625 Broadridge BR $27.2B	$888K	0.02%	13,075 +260