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Form 13F-HR Milestone Group, Inc. For: Jun 30

August 10, 2016 2:50 PM EDT

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 06-30-2016
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: Milestone Group, Inc.
Address: 370 Seventeenth St.
Suite 3100
Denver , CO80202
Form 13F File Number: 028-11128

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 required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Mark Riley
Title: Chief Compliance Officer
Phone: 303-539-0100
Signature, Place, and Date of Signing:
/s/ Mark Riley Denver , CO 08-10-2016
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
  13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
  13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 134
Form 13F Information Table Value Total: 628,654
(thousands)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBVIE INC COM 00287Y109 498 8,055 SH SOLE 0 0 8,055
ALPS ETF TR ALERIAN MLP 00162Q866 518 40,721 SH SOLE 0 0 40,721
ALTRIA GROUP INC COM 02209S103 1,054 15,290 SH SOLE 0 0 15,290
AMAZON COM INC COM 023135106 210 293 SH SOLE 0 0 293
APPLE INC COM 037833100 2,687 28,108 SH SOLE 0 0 28,108
AT&T INC COM 00206R102 1,061 24,536 SH SOLE 0 0 24,536
BANK AMER CORP COM 060505104 299 250 SH SOLE 0 0 250
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 498 20,123 SH SOLE 0 0 20,123
BARRETT BILL CORP COM 06846N104 225 35,228 SH SOLE 0 0 35,228
BECTON DICKINSON & CO COM 075887109 339 2,000 SH SOLE 0 0 2,000
BERKSHIRE HATHAWAY INC DEL CL A 084670108 651 3 SH SOLE 0 0 3
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 5,056 34,923 SH SOLE 0 0 34,923
BRISTOL MYERS SQUIBB CO COM 110122108 427 5,811 SH SOLE 0 0 5,811
CATERPILLAR INC DEL COM 149123101 206 2,723 SH SOLE 0 0 2,723
COBIZ FINANCIAL INC COM 190897108 303 25,937 SH SOLE 0 0 25,937
COCA COLA CO COM 191216100 1,018 22,455 SH SOLE 0 0 22,455
CREDIT SUISSE NASSAU BRH X LINK CUSH MLP 22542D852 497 23,361 SH SOLE 0 0 23,361
CULLEN FROST BANKERS INC COM 229899109 2,420 37,965 SH SOLE 0 0 37,965
DBX ETF TR XTRAK MSCI EAFE 233051200 47,117 1,885,420 SH SOLE 0 0 1,885,420
ENTERPRISE PRODS PARTNERS L COM 293792107 639 21,840 SH SOLE 0 0 21,840
EXPRESS SCRIPTS HLDG CO COM 30219G108 513 6,774 SH SOLE 0 0 6,774
EXXON MOBIL CORP COM 30231G102 958 10,221 SH SOLE 0 0 10,221
GENERAL ELECTRIC CO COM 369604103 592 18,794 SH SOLE 0 0 18,794
GENERAL MLS INC COM 370334104 261 3,659 SH SOLE 0 0 3,659
HARTFORD FINL SVCS GROUP INC COM 416515104 1,331 30,000 SH SOLE 0 0 30,000
HOME DEPOT INC COM 437076102 231 1,807 SH SOLE 0 0 1,807
INDEXIQ ETF TR HEDGE MLTI ETF 45409B107 2,185 74,925 SH SOLE 0 0 74,925
INTEL CORP COM 458140100 857 26,103 SH SOLE 0 0 26,103
INTERNATIONAL BUSINESS MACHS COM 459200101 348 2,290 SH SOLE 0 0 2,290
ISHARES MIN VOL GBL ETF 464286525 607 7,954 SH SOLE 0 0 7,954
ISHARES INC CORE MSCI EMKT 46434G103 36,836 880,394 SH SOLE 0 0 880,394
ISHARES TR SELECT DIVID ETF 464287168 277 3,248 SH SOLE 0 0 3,248
ISHARES TR TIPS BD ETF 464287176 764 6,556 SH SOLE 0 0 6,556
ISHARES TR CORE S&P500 ETF 464287200 55,194 262,207 SH SOLE 0 0 262,207
ISHARES TR CORE US AGGBD ET 464287226 452 4,018 SH SOLE 0 0 4,018
ISHARES TR MSCI EMG MKT ETF 464287234 4,608 134,103 SH SOLE 0 0 134,103
ISHARES TR S&P 500 VAL ETF 464287408 384 4,132 SH SOLE 0 0 4,132
ISHARES TR 1-3 YR TR BD ETF 464287457 495 5,802 SH SOLE 0 0 5,802
ISHARES TR MSCI EAFE ETF 464287465 17,884 320,390 SH SOLE 0 0 320,390
ISHARES TR RUS MDCP VAL ETF 464287473 1,264 17,016 SH SOLE 0 0 17,016
ISHARES TR CORE S&P MCP ETF 464287507 375 2,509 SH SOLE 0 0 2,509
ISHARES TR S&P MC 400GR ETF 464287606 408 2,413 SH SOLE 0 0 2,413
ISHARES TR RUS 1000 GRW ETF 464287614 478 4,760 SH SOLE 0 0 4,760
ISHARES TR RUS 1000 ETF 464287622 39,526 338,144 SH SOLE 0 0 338,144
ISHARES TR RUS 2000 VAL ETF 464287630 316 3,253 SH SOLE 0 0 3,253
ISHARES TR RUSSELL 2000 ETF 464287655 7,271 63,233 SH SOLE 0 0 63,233
ISHARES TR U.S. REAL ES ETF 464287739 2,168 26,313 SH SOLE 0 0 26,313
ISHARES TR CORE S&P SCP ETF 464287804 1,323 11,385 SH SOLE 0 0 11,385
ISHARES TR EUROPE ETF 464287861 235 6,215 SH SOLE 0 0 6,215
ISHARES TR EAFE SML CP ETF 464288273 3,462 71,755 SH SOLE 0 0 71,755
ISHARES TR INTL DEVPPTY ETF 464288422 3,863 105,102 SH SOLE 0 0 105,102
ISHARES TR IBOXX HI YD ETF 464288513 700 8,270 SH SOLE 0 0 8,270
ISHARES TR RESID RL EST CAP 464288562 1,507 22,331 SH SOLE 0 0 22,331
ISHARES TR MBS ETF 464288588 265 2,413 SH SOLE 0 0 2,413
ISHARES TR 1-3 YR CR BD ETF 464288646 330 3,112 SH SOLE 0 0 3,112
ISHARES TR 3-7 YR TR BD ETF 464288661 412 3,232 SH SOLE 0 0 3,232
ISHARES TR MICRO-CAP ETF 464288869 10,454 147,825 SH SOLE 0 0 147,825
ISHARES TR EAFE VALUE ETF 464288877 219 5,090 SH SOLE 0 0 5,090
ISHARES TR FLTG RATE BD ETF 46429B655 1,703 33,650 SH SOLE 0 0 33,650
ISHARES TR MIN VOL EAFE ETF 46429B689 921 13,876 SH SOLE 0 0 13,876
ISHARES TR USA QUALITY FCTR 46432F339 85,207 1,291,006 SH SOLE 0 0 1,291,006
ISHARES TR USA MOMENTUM FCT 46432F396 686 8,974 SH SOLE 0 0 8,974
ISHARES TR CORE MSCI EAFE 46432F842 568 10,947 SH SOLE 0 0 10,947
ISHARES TR HDG MSCI EAFE 46434V803 19,416 809,657 SH SOLE 0 0 809,657
JOHNSON & JOHNSON COM 478160104 2,300 18,966 SH SOLE 0 0 18,966
JPMORGAN CHASE & CO COM 46625H100 973 15,669 SH SOLE 0 0 15,669
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 246 7,740 SH SOLE 0 0 7,740
KIMBERLY CLARK CORP COM 494368103 338 2,460 SH SOLE 0 0 2,460
KRAFT HEINZ CO COM 500754106 297 3,352 SH SOLE 0 0 3,352
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 296 5,752 SH SOLE 0 0 5,752
LIBERTY GLOBAL PLC SHS CL C G5480U120 272 9,482 SH SOLE 0 0 9,482
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 247 3,246 SH SOLE 0 0 3,246
MCKESSON CORP COM 58155Q103 294 1,574 SH SOLE 0 0 1,574
MERCK & CO INC COM 58933Y105 581 10,084 SH SOLE 0 0 10,084
MICROSOFT CORP COM 594918104 1,400 27,361 SH SOLE 0 0 27,361
NORTHROP GRUMMAN CORP COM 666807102 241 1,084 SH SOLE 0 0 1,084
PEPSICO INC COM 713448108 208 1,966 SH SOLE 0 0 1,966
PFIZER INC COM 717081103 1,054 29,946 SH SOLE 0 0 29,946
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 273 12,673 SH SOLE 0 0 12,673
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 2,662 26,315 SH SOLE 0 0 26,315
PLAINS GP HLDGS L P SHS A REP LTPN 72651A108 150 14,413 SH SOLE 0 0 14,413
POWERSHARES ETF TR II PWRSHS SP500 LOW 73937B654 999 26,130 SH SOLE 0 0 26,130
POWERSHARES ETF TR II EM MRK LOW VOL 73937B662 238 10,763 SH SOLE 0 0 10,763
POWERSHARES ETF TR II INTL DEV LOWVL 73937B688 520 17,392 SH SOLE 0 0 17,392
POWERSHARES ETF TR II S&P500 LOW VOL 73937B779 4,745 110,921 SH SOLE 0 0 110,921
POWERSHARES ETF TRUST DWA MOMENTUM PTF 73935X153 290 6,877 SH SOLE 0 0 6,877
PROCTER & GAMBLE CO COM 742718109 643 7,598 SH SOLE 0 0 7,598
PROSHARES TR INVT INT RT HG 74347B607 203 2,810 SH SOLE 0 0 2,810
PRUDENTIAL FINL INC COM 744320102 226 3,168 SH SOLE 0 0 3,168
RESOLUTE FST PRODS INC COM 76117W109 60 11,329 SH SOLE 0 0 11,329
SCHLUMBERGER LTD COM 806857108 252 3,191 SH SOLE 0 0 3,191
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 4,182 84,027 SH SOLE 0 0 84,027
SCHWAB STRATEGIC TR US MID-CAP ETF 808524508 587 13,961 SH SOLE 0 0 13,961
SCHWAB STRATEGIC TR US SML CAP ETF 808524607 806 14,919 SH SOLE 0 0 14,919
SCHWAB STRATEGIC TR EMRG MKTEQ ETF 808524706 706 33,181 SH SOLE 0 0 33,181
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 855 20,636 SH SOLE 0 0 20,636
SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 1,004 37,032 SH SOLE 0 0 37,032
SCHWAB STRATEGIC TR US AGGREGATE B 808524839 348 6,476 SH SOLE 0 0 6,476
SCHWAB STRATEGIC TR US REIT ETF 808524847 447 10,288 SH SOLE 0 0 10,288
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 2,087 40,960 SH SOLE 0 0 40,960
SCHWAB STRATEGIC TR US TIPS ETF 808524870 533 9,442 SH SOLE 0 0 9,442
SCHWAB STRATEGIC TR INTL SCEQT ETF 808524888 523 18,168 SH SOLE 0 0 18,168
SPDR GOLD TRUST GOLD SHS 78463V107 747 5,903 SH SOLE 0 0 5,903
SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 29,926 721,953 SH SOLE 0 0 721,953
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,013 4,835 SH SOLE 0 0 4,835
SPDR SER TR NUVN BR SHT MUNI 78468R739 1,208 24,612 SH SOLE 0 0 24,612
SPX CORP COM 784635104 170 11,447 SH SOLE 0 0 11,447
SPX FLOW INC COM 78469X107 260 9,974 SH SOLE 0 0 9,974
SUNCOR ENERGY INC NEW COM 867224107 245 8,839 SH SOLE 0 0 8,839
TEXTRON INC COM 883203101 256 7,000 SH SOLE 0 0 7,000
THERMON GROUP HLDGS INC COM 88362T103 417 21,729 SH SOLE 0 0 21,729
TORO CO COM 891092108 3,528 40,000 SH SOLE 0 0 40,000
UNION PAC CORP COM 907818108 47,447 543,808 SH SOLE 0 0 543,808
US BANCORP DEL COM NEW 902973304 501 12,434 SH SOLE 0 0 12,434
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 410 5,060 SH SOLE 0 0 5,060
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 717 8,505 SH SOLE 0 0 8,505
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 92203J407 650 11,666 SH SOLE 0 0 11,666
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 30,890 160,718 SH SOLE 0 0 160,718
VANGUARD INDEX FDS REIT ETF 922908553 42,490 479,197 SH SOLE 0 0 479,197
VANGUARD INDEX FDS SM CP VAL ETF 922908611 272 2,583 SH SOLE 0 0 2,583
VANGUARD INDEX FDS SMALL CP ETF 922908751 16,073 138,948 SH SOLE 0 0 138,948
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 1,593 17,117 SH SOLE 0 0 17,117
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 9,568 271,594 SH SOLE 0 0 271,594
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 285 5,122 SH SOLE 0 0 5,122
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 202 4,335 SH SOLE 0 0 4,335
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 29,422 832,084 SH SOLE 0 0 832,084
VANGUARD WORLD FDS ENERGY ETF 92204A306 224 2,354 SH SOLE 0 0 2,354
VERIZON COMMUNICATIONS INC COM 92343V104 649 11,619 SH SOLE 0 0 11,619
WELLS FARGO & CO NEW COM 949746101 1,432 20,995 SH SOLE 0 0 20,995
WEYERHAEUSER CO COM 962166104 529 17,760 SH SOLE 0 0 17,760
WISDOMTREE TR TOTAL DIVID FD 97717W109 255 3,323 SH SOLE 0 0 3,323
WISDOMTREE TR MDCP EARN FUND 97717W570 239 2,620 SH SOLE 0 0 2,620
WISDOMTREE TR SMALLCAP DIVID 97717W604 790 11,020 SH SOLE 0 0 11,020
XCEL ENERGY INC COM 98389B100 583 13,029 SH SOLE 0 0 13,029


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