Instuitional Investor - Bip Alliance, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard S&P 500 Etf		141,365	$72,648,661	30.72%
2.	Vanguard Muni Bnd Tax		533,291	$26,461,899	11.19%
3.	Vanguard Ftse Developed		493,594	$25,089,365	10.61%
4.	Vanguard Bond Index Funds	BND	301,507	$22,145,666	9.36%
5.	Vanguard Extended Market		90,754	$15,633,263	6.61%