Instuitional Investor - Armor Advisors, L.l.c.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr Gold TrustCALL	GLD	140,000	$42,676,200	22.36%
2.	Spdr S & P 500 Etf TrustPUT	SPY	45,000	$27,803,250	14.57%
3.	Crh Public Ltd Co	CRH	230,849	$21,191,938	11.1%
4.	Franco Nevada Corp	FNV	84,312	$13,820,423	7.24%
5.	Navios Maritime Partners L PCALL	NMM	310,000	$11,680,800	6.12%