13F-HR 1 c59714e13fvhr.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/2010 Check here if Amendment [ ] ; Amendment Number:__________ This Amendment (check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Howe Barnes Capital Management, Inc. Address: 222 South Riverside Plaza, 7th Floor Chicago, IL 60606 Form 13F File Number: 28-______________ The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Ronald A. Sirt Title: Senior Vice President Phone: (312) 655-2906 Signature, Place, and Date of Signing: By: /s/ Ronald A. Sirt City: Chicago, IL 06/30/2010 ------------------------------- Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 310 FORM 13F INFORMATION TABLE

BANK NEW YORK MELLONCORP COM 064058100 717 29066 SH SOLE 29066 BANK OF AMERICA CORP COM 060505104 2652 184576 SH SOLE 184576 BARCLAYS BANK PLC PFD IPATH S& COM 06740C527 745 23884 SH SOLE 23884 BARNETT BANKS INC COM 068055102 4 17000 SH SOLE 17000 BAXTER INTL INC COM 071813109 298 7357 SH SOLE 7357 BED BATH & BEYOND INC COM 075896100 1455 39250 SH SOLE 39250 BERKSHIRE HATHAWAY CLB COM 084670702 19453 244117 SH SOLE 244117 27 350 SH DEFINED 350 BERKSHIRE HATHAWAY INC DEL CL COM 084670108 5520 46 SH SOLE 46 BLACKROCK SR HIGH INCOMEFD INC COM 09255t109 45 12004 SH SOLE 12004 BOARDWALK PIPELINE PARTNERS LP COM 096627104 797 26500 SH SOLE 26500 BOEING CO COM 097023105 633 10093 SH SOLE 10093 BOSTON PRIVATE BANCORP INC CMN COM 101119105 96 15000 SH SOLE 15000 BP PLC ADR (CNV INTO 6ORD USD0 COM 055622104 1600 55413 SH SOLE 55413 BRE PPTYS INC MARYLAND AREIT COM 05564e106 827 22409 SH SOLE 22409 BRISTOL MYERS SQUIBB COM 110122108 532 21347 SH SOLE 21347 BROADRIDGE FINANCIALSOLUTIONS COM 11133t103 270 14175 SH SOLE 14175 CAMPBELL SOUP CO COM 134429109 644 18000 SH SOLE 18000 CANON INC ADR COM 138006309 2514 67384 SH SOLE 67384 CARNIVALCORP PAIRED CTF 1 COM COM 143658300 723 23925 SH SOLE 23925 CASTLE A M & CO COM 148411101 177 12806 SH SOLE 12806 CATERPILLAR INC DEL COM 149123101 2953 49165 SH SOLE 49165 CENTRAL BANCSHARES INC TEX CMT COM 152424107 528 220 SH SOLE 220 CHENIERE ENERGY PARTNERS LP COM 16411Q101 286 16800 SH SOLE 16800 CHESAPEAKE ENERGY CORP COM 165167107 605 28914 SH SOLE 28914 CHEVRON CORP COM 166764100 10571 155789 SH SOLE 155789 CHURCH& DWIGHT INC COM 171340102 387 6175 SH SOLE 6175 CISCO SYS INC COM 17275r102 10534 494367 SH SOLE 494367 CITIGROUP INC COM 172967101 340 90585 SH SOLE 90585 CLAYMORE NATURAL GAS ETF COMMO COM 18384H100 59 17950 SH SOLE 17950 CLOROX CO DEL COM COM 189054109 3029 48730 SH SOLE 48730

CMEGROUP INC COM 12572q105 605 2150 SH SOLE 2150 COBRA ELECTRS CORP COM 191042100 20 10000 SH SOLE 10000 COCA COLA CO COM 191216100 1478 29497 SH SOLE 29497 COMCAST CORP NEW CLA COM 20030n101 1763 101533 SH SOLE 101533 COMCAST CORP NEW CLA SPL COM 20030n200 249 15165 SH SOLE 15165 CONOCOPHILLIPS COM 20825c104 3471 70714 SH SOLE 70714 COPART INC COM 217204106 454 12700 SH SOLE 12700 CORNING INC COM 219350105 401 24853 SH SOLE 24853 COSTCO WHOLESALE CORP COM 22160k105 2942 53672 SH SOLE 53672 CVS CAREMARK CORP COM 126650100 2918 99533 SH SOLE 99533 DIRECTV GROUP INC COM 25459l106 1129 33306 SH SOLE 33306 DISCOVER FINL SVCS COM 254709108 205 14700 SH SOLE 14700 DISNEY (WALT) CO COM STK COM 254687106 731 23231 SH SOLE 23231 DNP SELECT INCOME FD COM 23325P104 170 19000 SH SOLE 19000 DOMINION RESOURCES INCVA NEW COM 25746u109 392 10120 SH SOLE 10120 DOVER CORP COM 260003108 626 15000 SH SOLE 15000 DOW 30 ENHANCED PREMIUM & INCO COM 260537105 279 28700 SH SOLE 28700 DOW CHEMICAL CO COM 260543103 285 12022 SH SOLE 12022 DU PONT E I DE NEMOURS& CO COM 263534109 485 14023 SH SOLE 14023 DUKE ENERGY CORP NEW COM 26441c105 1793 112098 SH SOLE 112098 12 800 SH DEFINED 800 E M C CORP MASS COM 268648102 224 12259 SH SOLE 12259 EMERITUS CORP COM 291005106 172 10570 SH SOLE 10570 EMERSON ELECTRIC CO COM 291011104 523 11980 SH SOLE 11980 EMPLOYERS HOLDINGS INC COM COM 358 24357 SH SOLE 24357 ENTERPRISE PRODUCTS PARTNERS COM 293792107 313 8850 SH SOLE 8850 EVIRONMENTAL OIL PROCESSING TE COM 29407q100 0 75000 SH SOLE 75000 EXXON MOBIL CORP COM COM 30231g102 3520 61691 SH SOLE 61691 FALCONSTOR SOFTWARE INC COM 306137100 46 17700 SH SOLE 17700 FAMILY DOLLAR STORES COM 307000109 698 18524 SH SOLE 18524 FARMERS & MERCHANTS BANK LONG COM 308243104 603 149 SH SOLE 149 FEDEX CORP DELAWARE COM COM 31428x106 2407 34335 SH SOLE 34335

FIRST CASH FIN'L SVCS INC (FOR COM 31942D107 263 12080 SH SOLE 12080 FIRST MIDWEST BANCORP INC ILL. COM 320867104 283 23297 SH SOLE 23297 FMC CORP NEW COM 302491303 373 6500 SH SOLE 6500 FOAMEX INTERNATIONAL INC COM 344123203 0 50000 SH SOLE 50000 FORD MOTOR CO COM COM 345370860 310 30780 SH SOLE 30780 FORMATION METALS INC COM 34637V101 15 18571 SH SOLE 18571 FORTUNE BRANDS INC COM 349631101 452 11545 SH SOLE 11545 FRANKLIN RES INC COM 354613101 318 3700 SH SOLE 3700 FREEPRT-MCMRAN CPR & GLD COM 35671d857 1051 17790 SH SOLE 17790 FRONTIER COMMUNICATIONSCORP CO COM 35906a108 177 24995 SH SOLE 24995 1 168 SH DEFINED 168 GENERAL ELECTRIC COM 369604103 5463 378917 SH SOLE 378917 GENERAL MILLS COM 370334104 1595 44931 SH SOLE 44931 GENZYME CORP COMFORMERLY COM-G COM 372917104 203 4017 SH SOLE 4017 GILEAD SCIENCES INC COM COM 375558103 1685 49160 SH SOLE 49160 GLADSTONE INVESTMENT CORP COM 376546107 187 32082 SH SOLE 32082 GLAXOSMITHKLINE PLC SPONSOREDA COM 37733w105 414 12200 SH SOLE 12200 GOLDMAN SACHS GROUP INC COM 38141g104 993 7567 SH SOLE 7567 GOOGLE INC CLA COM 38259p508 5215 11722 SH SOLE 11722 13 30 SH DEFINED 30 GRAINGER W W INC COM 384802104 624 6280 SH SOLE 6280 GROWERS DIRECT COFFEE COM COM 399849108 0 12000 SH SOLE 12000 HANCOCK JOHN TAX ADVANTAGEDIVI COM 41013v100 363 28260 SH SOLE 28260 HCC INSURANCE HLDGS INC COM 404132102 235 9500 SH SOLE 9500 HENRY JACK & ASSOC INC COM 426281101 328 13751 SH SOLE 13751 HERBALIFE LTD COM G4412G101 225 4905 SH SOLE 4905 HEWLETT-PACKARD CO DE COM 428236103 3749 86632 SH SOLE 86632 HOME DEPOT INC COM 437076102 710 25310 SH SOLE 25310 HONEYWELL INTL INC COM 438516106 336 8610 SH SOLE 8610 HOWE BARNES INV - RESTRICTED COM 002304869 221 10 SH SOLE 10 HOWE BARNES INVESTMENTS INC COM 508 23 SH SOLE 23

HSBC HOLDINGS PLC SPONS ADR COM 404280406 282 6200 SH SOLE 6200 ILLINOIS TOOL WORKS COM 452308109 380 9229 SH SOLE 9229 INGERSOLL-RAND PLC SHSUSD1 COM g47791101 945 27421 SH SOLE 27421 INGGROEP NV ADR COM 456837103 1125 151828 SH SOLE 151828 INTEL CORP COM 458140100 4488 230764 SH SOLE 230764 INTERNATIONAL BUSINESS MACHS C COM 459200101 3764 30487 SH SOLE 30487 INTUIT INC COM 461202103 250 7200 SH SOLE 7200 IRON MTN INC PA COM COM 462846106 914 40721 SH SOLE 40721 ISHARES BARCLAYS 20+ YEAR TREA COM 464287432 1382 13590 SH SOLE 13590 ISHARES MSCI ALL COUNTRY ASIA COM 464288182 3795 72879 SH SOLE 72879 JDSUNIPHASE CORP COM PAR $0.00 COM 46612j507 110 11218 SH SOLE 11218 JETBLUE AIRWAYS CORP COM COM 477143101 75 13752 SH SOLE 13752 JOHN BEAN TECHNOLOGIES CORP COM 477839104 195 12800 SH SOLE 12800 JOHNSON AND JOHNSON COM COM 478160104 5838 98851 SH SOLE 98851 14 250 SH DEFINED 250 JOHNSON CTLS INC COM 478366107 255 9507 SH SOLE 9507 JOY GLOBAL INC COM COM 481165108 400 8000 SH SOLE 8000 JPMORGAN CHASE & CO COM 46625h100 1714 46824 SH SOLE 46824 KELLOGG COMPANY COM 487836108 316 6288 SH SOLE 6288 KIMBERLY CLARK CORP COM 494368103 546 9015 SH SOLE 9015 KKR FINL HLDGS LLC COM 48248a306 79 10614 SH SOLE 10614 KRAFT FOODS INC CLA COM 50075n104 818 29234 SH SOLE 29234 LEGG MASON INC COM 524901105 357 12750 SH SOLE 12750 LEVEL 3 COMMUNICATIONS INC COM COM 52729N100 25 23590 SH SOLE 23590 LIBERTY MEDIA CORP STARZ.COM S COM 53071M708 249 4805 SH SOLE 4805 LIFE TIME FITNESS INC COM 53217R207 250 7875 SH SOLE 7875 LIFEPOINT HOSPS INC COM COM 53219L109 238 7600 SH SOLE 7600 LILLYELI & CO COM 532457108 378 11284 SH SOLE 11284 LKQ CORP COM COM 238 12345 SH SOLE 12345 MAGELLAN HEALTH SVCS INC COM 559079207 239 6600 SH SOLE 6600 MARKET VECTORS HARD ASSETS PRO COM 57060U795 2948 104907 SH SOLE 104907 MC GRAW HILL COMPANIES COM 580645109 287 10200 SH SOLE 10200

MCAFEE INC COM COM 579064106 3713 120893 SH SOLE 120893 6 200 SH DEFINED 200 MCDONALDS CORP COM 580135101 1912 29035 SH SOLE 29035 MCDONNELL DOUGLAS CORP COM 580169100 261 4695 SH SOLE 4695 MEDCO HEALTH SOLUTIONSINC COM 58405u102 244 4432 SH SOLE 4432 MEDTRONIC INC COM 585055106 749 20663 SH SOLE 20663 MERCK & CO INC COM 58933Y105 1867 53396 SH SOLE 53396 17 500 SH DEFINED 500 MERGE HEALTHCARE INC COM 589499102 131 45000 SH SOLE 45000 MFA MTG INVTS INC COM COM 55272X102 215 29165 SH SOLE 29165 MICROSOFT CORPCOM COM 594918104 3636 158024 SH SOLE 158024 MONSANTO CO NEW DEL COM COM 61166w101 1535 33217 SH SOLE 33217 MORGAN STANLEY COM 617446448 257 11100 SH SOLE 11100 MORGAN STANLEY EMERG MKTS FD I COM 61744G107 130 10296 SH SOLE 10296 NASDAQ PREMIUM INCOME & GROWTH COM 63110R105 159 13396 SH SOLE 13396 NATIONAL LAMPOON INC COM 636637100 30 139700 SH SOLE 139700 NATIONAL PATENT DEV CORP NEW C COM 637132101 40 27000 SH SOLE 27000 NESTLE S A SPONSORED ADR REPST COM 641069406 334 6924 SH SOLE 6924 NICHOLAS APPLEGATE CONV& INCOM COM 65370f101 105 11500 SH SOLE 11500 NOKIA OYJ ADR EACH REPR1 ORD N COM 654902204 649 79672 SH SOLE 79672 NOVARTIS AG ADR-EACH REPR1 CHF COM 66987v109 1141 23615 SH SOLE 23615 NSTAR COM COM 67019E107 429 12284 SH SOLE 12284 NUVEEN BUILD AMER BD FD COM 67074C103 889 8650 SH SOLE 8650 NUVEEN MUNICIPAL VALUE FUND IN COM 670928100 193 19532 SH SOLE 19532 NUVEEN PREMIER INSD MUNI INCOM COM 670987106 155 10500 SH SOLE 10500 ORACLE CORPORATION COM 68389x105 12048 561426 SH SOLE 561426 15 700 SH DEFINED 700 ORBITALSCIENCES CORP COM 685564106 181 11500 SH SOLE 11500 O'REILLY AUTOMOTIVE INC COM 686091109 570 11993 SH SOLE 11993 PACIFIC PREMIER BANCORP COM COM 69478X105 627 149715 SH SOLE 149715 12 3000 SH DEFINED 3000

PATTERSON COS INC COM 703395103 2017 70700 SH SOLE 70700 PEPSICO INC COM 713448108 3798 62316 SH SOLE 62316 PETROLEO BRASILEIRO SAPETROBRA COM 71654v408 274 7995 SH SOLE 7995 PFIZER INC DEL PV$0.05 COM 717081103 2541 178230 SH SOLE 178230 PHILIP MORRIS INTL INCCOM COM 718172109 1230 26841 SH SOLE 26841 PLUM CREEK TIMBER CO INC COM COM 729251108 217 6300 SH SOLE 6300 PLUMAS BANCORP COM COM 729273102 48 17990 SH SOLE 17990 POWERSHARES QQQ TRUST UNIT SER COM 234 5500 SH SOLE 5500 PRE PAID LEGAL SVCS INC COM COM 740065107 904 19885 SH SOLE 19885 PRIVATEBANCORP INC CMN COM 742962103 257 23280 SH SOLE 23280 PROCTER & GAMBLE CO COM 742718109 5665 94451 SH SOLE 94451 PROSPECT CAPITAL CORP COM 74348T102 193 20000 SH SOLE 20000 QUEST DIAGNOSTICS INC COM 74834l100 1668 33520 SH SOLE 33520 QUESTCOR PHARMACEUTICALS CORP COM 74835Y101 203 19963 SH SOLE 19963 RADIOSHACK CORP COM 750438103 210 10800 SH SOLE 10800 READING INTL INC CL A COM 755408101 4050 1020177 SH SOLE 1020177 10 2700 SH DEFINED 2700 REALTY INCOME CORP COMMON STOC COM 756109104 272 9000 SH SOLE 9000 RESEARCH IN MOTION COMNPV ISIN COM 760975102 201 4100 SH SOLE 4100 RITE AID CORP COM 767754104 20 20585 SH SOLE 20585 ROCKWELL MED TECH INC COM 774374102 414 77500 SH SOLE 77500 ROYAL DUTCH SHELL ADREA REP 2 COM 780259206 1293 25757 SH SOLE 25757 RYLAND OIL CORP COM 78376R102 5 15000 SH SOLE 15000 SAMSON OIL & GAS LTD ADR COM 796043107 0 410444 SH SOLE 410444 SANSWIRE CORP COM COM 801077108 1 14000 SH SOLE 14000 SANTA FE GOLD CORP COM 80201E108 112 125500 SH SOLE 125500 SARA LEE CORP COM 803111103 412 29251 SH SOLE 29251 SCHIMATIC TECH INC COM 806732103 0 10000 SH SOLE 10000 SCHLUMBERGER LIMITED COMSTK US COM 806857108 542 9805 SH SOLE 9805 SCHWAB CHARLES CP NEW COM COM 808513105 175 12390 SH SOLE 12390 SEI INVESTMENTS CO COM COM 784117103 4322 212313 SH SOLE 212313 SERVICE MERCHANDISE ESCROW COM 8175879c4 0 25000 SH SOLE 25000

SHERWIN WILLIAMS CO COM 824348106 387 5596 SH SOLE 5596 SILICON LABORATORIES INC COM 826919102 364 8980 SH SOLE 8980 SKY WEST INC COM COM 830879102 138 11300 SH SOLE 11300 SOURCE CAP INC COM 836144105 3728 88721 SH SOLE 88721 12 300 SH DEFINED 300 SPECTRUM CONTROL INC COM 847615101 139 10000 SH SOLE 10000 SPRINT NEXTEL CORP COM FON COM 852061100 56 13295 SH SOLE 13295 ST JUDE MEDICAL INC COM 790849103 674 18689 SH SOLE 18689 STANCORP FINANCIAL GROUP COM 852891100 206 5100 SH SOLE 5100 STANDARD CHARTERED PLC COM G84228157 246 10000 SH SOLE 10000 STAPLES INC COM 855030102 4213 221191 SH SOLE 221191 STATE STREET CORP COM 857477103 436 12900 SH SOLE 12900 STERICYCLE INC COM 858912108 1242 18950 SH SOLE 18950 SURETY CAPITAL CORP-NEW COM 868666207 0 17600 SH SOLE 17600 SYMANTEC CORP COM 871503108 173 12525 SH SOLE 12525 SYSCO CORP COM 871829107 959 33599 SH SOLE 33599 TARGET CORP COM COM 87612e106 2665 54201 SH SOLE 54201 TELEDYNE TECHNOLOGIES INC COM COM 879360105 219 5700 SH SOLE 5700 TELLABSINC COM 879664100 300 47000 SH SOLE 47000 TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 1459 28076 SH SOLE 28076 TEXAS INSTRUMENTS INC COM 882508104 1704 73200 SH SOLE 73200 THERMO FISHER SCIENTIFICINC COM 883556102 966 19709 SH SOLE 19709 THOMSON REUTERS CORP COM 884903105 319 8928 SH SOLE 8928 TORONTO DOMINION BK ONT COM NE COM 891160509 252 3894 SH SOLE 3894 TOTAL ADR EACH REP 1 ORDSHS EU COM 89151e109 274 6152 SH SOLE 6152 TRANSOCEAN INC NEW SHS ISIN#KY COM g90073100 261 5638 SH SOLE 5638 TYCO ELECTRONICS LTD COMCHF2.6 COM h8912p106 1248 49200 SH SOLE 49200 TYCO INTERNATIONAL LTD(SWITZER COM h89128104 1712 48596 SH SOLE 48596 UCBH HLDGS INC COM 90262t308 0 25100 SH SOLE 25100 ULTRA FINANCIAL PROSHRS COM 74347R743 249 5000 SH SOLE 5000 ULTRA PURE WATER TECH COM 90388Q105 3 135000 SH SOLE 135000

UNILEVER N V ISIN#US9047847093 COM 904784709 222 8130 SH SOLE 8130 UNION PACIFIC CORP COM 907818108 896 12897 SH SOLE 12897 UNITED PARCEL SVC INCCL B COM 911312106 219 3867 SH SOLE 3867 UNITED TECHS CORP COM COM 913017109 7165 110396 SH SOLE 110396 UNITEDHEALTH GROUP COM 91324p102 468 16495 SH SOLE 16495 US BANCORP (NEW) COM 902973304 2927 130982 SH SOLE 130982 US NATURAL GAS FUND LP COM 912318102 98 12700 SH SOLE 12700 VAALCO ENERGY INC COM 91851C201 108 19300 SH SOLE 19300 VASAMED INC - RESTRICTED COM 003721733 2 14233 SH SOLE 14233 VERISIGN INC COM 92343e102 663 24973 SH SOLE 24973 VERIZON COMMUNICATIONS COM 92343v104 2508 89537 SH SOLE 89537 19 700 SH DEFINED 700 VIACOMINC NEW CL B COM 92553p201 633 20180 SH SOLE 20180 VIRAGEN INC COM 927638403 0 14800 SH SOLE 14800 VISA INC COM CL A COM 92826c839 1151 16280 SH SOLE 16280 WAL-MART STORES INC COM 931142103 760 15817 SH SOLE 15817 WALGREEN COMPANY COM 931422109 1678 62866 SH SOLE 62866 WD 40 CO COM 929236107 751 22500 SH SOLE 22500 WELLS FARGO & CO NEW DEL COM 949746101 11649 455072 SH SOLE 455072 WESTERN UNION CO COM COM 959802109 215 14451 SH SOLE 14451 WILLIAMSCOS INC COM 969457100 335 18350 SH SOLE 18350 WINDSTREAMCORP COM COM 97381w104 211 20010 SH SOLE 20010 WING HANG BANK LTD SHS ISIN#HK COM Y9588K109 1474 150000 SH SOLE 150000 WORLD ACCEPTANCE CORP COM 981419104 222 5800 SH SOLE 5800 XEROXCORP COM 984121103 298 37090 SH SOLE 37090 ZEP INC COM 98944B108 204 11700 SH SOLE 11700 ZIMMER HLDGS INC COM 98956p102 1917 35481 SH SOLE 35481 BUCKEYE PARTNERS L.P LPUS 118230101 1092 18500.000 SH SOLE 18500.000 CEDAR FAIR, L.P.DEP UNIT LPUS 150185106 422 34333.000 SH SOLE 34333.000 ENBRIDGE ENERGY PARTNERSLP LPUS 29250r106 456 8700.000 SH SOLE 8700.000 KINDER MORGAN ENERGY PARTNERS LPUS 494550106 2157 33166.000 SH SOLE 33166.000 BNY CAP V TR PFD SECS SER F 5. PRD 09656H209 201 8000 SH SOLE 8000

CAPITOL TR XII PFD 10.5% CUMUL PRD 14065D203 51 20200 SH SOLE 20200 PRIVATEBANC CAP 9.50% TR I 12/ PRD 74268e200 971 38400 SH SOLE 38400 US BANCORP DEL PFD1/1000SER D PRD 902973882 224 8124 SH SOLE 8124 USB CAP VI 5.75% GTD TR PFD SE PRD 903304202 200 9000 SH SOLE 9000 WELLS FARGO CAP XIV ENH TRUPS PRD 602 22098 SH SOLE 22098 27 1000 SH DEFINED 1000 ICBA CAP MKT TR SER 1 CASH 00767p396 46 15327.0000 SH SOLE 15327.0000 ISHARES TR DOW JONES US HEALTH 464287762 205 3530.0000 SH SOLE 3530.0000 ISHARES TR DOW JONES US INDL S 464287754 274 5344.0000 SH SOLE 5344.0000 ISHARES TR DOW JONES USTECHNOL 464287721 367 7127.0000 SH SOLE 7127.0000 ISHARES TR GOLDMAN SACHS NAT R 464287374 481 15626.0000 SH SOLE 15626.0000 ISHARES TR MSCIEAFE INDEX FD 464287465 645 13884.1730 SH SOLE 13884.1730 ISHARES TR MSCIEMERGING MKTS I 464287234 256 6866.1170 SH SOLE 6866.1170 ISHARES TR NASDAQ BIOTECHNOLOG 464287556 504 6514.0000 SH SOLE 6514.0000 ISHARES TR RUSSELL 2000INDEX F 464287655 283 4633.0000 SH SOLE 4633.0000 ISHARES TR RUSSELL MIDCAPINDEX 464287499 398 4954.0000 SH SOLE 4954.0000 ISHARES TR S&P EUROPE350 INDEX 464287861 271 8657.0000 SH SOLE 8657.0000 ISHARES TR S&P GLOBALCLEAN ENE 464288224 367 25150.0000 SH SOLE 25150.0000 MUNICIPAL INVT TR FD UT MUN DE 62624v859 30 50265.0000 SH SOLE 50265.0000 S & P 500 DEPOSITORY RECEIPT 78462f103 1463 14176.0000 SH SOLE 14176.0000 SECTOR SPDR TR SHS BENINT FINA 81369y605 308 22343.0000 SH SOLE 22343.0000 SPDR GOLD TR GOLD SHS 78463v107 1220 10032.0000 SH SOLE 10032.0000 SPDR SER TR S&PBIOTECH ETF 78464a870 3439 66434.0420 SH SOLE 774.0000 65660.0420 VANGUARD DIVIDEND APPRECIATION 921908844 220 5000.0000 SH SOLE 5000.0000 VANGUARD EMERGING MKTSVIPERS 922042858 5284 139098.4660 SH SOLE 1642.0000 137456.4660 VANGUARD INDEX FDS FORMERLYVAN 922908553 3030 65183.9250 SH SOLE 4711.0000 60472.9250 VANGUARD INDEX FDS VANGUARDMID 922908629 6781 115575.5320 SH SOLE 115575.5320 VANGUARD INDEX FDS VANGUARDSMA 922908751 3818 67457.1730 SH SOLE 67457.1730 VANGUARD INTL EQTY IDX EURPEAN 922042874 2044 50867.0000 SH SOLE 867.0000 50000.0000 VANGUARD INTL EQUITY INDEXFD I 922042775 14240 371037.9090 SH SOLE 371037.9090 VANGUARD SECTOR INDEXFDS CONSU 92204a108 3254 70076.1170 SH SOLE 70076.1170

VANGUARD SECTOR INDEXFDS CONSU 92204a207 5020 78555.0330 SH SOLE 78555.0330 VANGUARD SECTOR INDEXFDS VANGU 92204a306 4702 64564.0218 SH SOLE 64564.0218 VANGUARD SECTOR INDEXFDS VANGU 92204a405 5059 179288.5200 SH SOLE 179288.5200 VANGUARD SECTOR INDEXFDS VANGU 92204a504 5831 116072.3140 SH SOLE 116072.3140 VANGUARD SECTOR INDEXFDS VANGU 92204a603 4313 84788.9710 SH SOLE 84788.9710 VANGUARD SECTOR INDEXFDS VANGU 92204a702 5505 111321.2324 SH SOLE 111321.2324 VANGUARD SECTOR INDEXFDS VANGU 92204a801 1855 30903.6426 SH SOLE 30903.6426 VANGUARD WHITEHALL FDSHIGH DIV 921946406 640 18172.1540 SH SOLE 18172.1540

Howe Barnes Capital Management, Inc. 13F-HR