Instuitional Investor - Argi Investment Services, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Market Vectors Etf Trust	GDX	577,281	$378,632,835	19.16%
2.	J P Morgan Exchange Traded F		2,335,864	$175,913,916	8.9%
3.	Ishares Trust	IEF	1,817,337	$171,865,561	8.7%
4.	Spdr Series Trust	KRE	7,812,961	$169,384,989	8.57%
5.	Vanguard Index Fds - S&P 500 ETF SHS		228,001	$156,593,368	7.93%