Instuitional Investor - Angeles Investment Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds - S&P 500 ETF SHS		1,174,228	$822,969,610	49.65%
2.	Vanguard Star Fds		2,805,090	$238,320,429	14.38%
3.	Vanguard Scottsdale Funds	VCIT	1,009,010	$77,946,023	4.7%
4.	Vanguard Bd Index Fds - VANGUARD ULTRA		1,499,700	$74,310,135	4.48%
5.	Tcw Etf Trust - TRANSFRM 500 ETF		817,456	$73,618,671	4.44%