Instuitional Investor - Brave Asset Management Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Tr - EAFE VALUE ETF		820,429	$62,803,840	13.43%
2.	Sector Spdr Trust	XLE	273,670	$52,139,608	11.15%
3.	Ishares Trust	IEF	382,543	$37,864,094	8.1%
4.	Ziff Davis Inc.	ZD	470,282	$24,628,668	5.27%
5.	Apple Inc.	AAPL	83,658	$24,207,279	5.18%