Instuitional Investor - Adirondack Capital Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	62,670	$46,932,578	25.17%
2.	Ishares Tr		389,302	$29,505,218	15.82%
3.	Ishares Tr - CORE HIGH DV ETF		570,043	$15,624,869	8.38%
4.	Vanguard Specialized Funds - DIV APP ETF		52,568	$12,438,732	6.67%
5.	Vanguard Whitehall Funds	VYM	71,527	$11,303,376	6.06%