Instuitional Investor - Bristlecone Value Partners, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Ftse Developed Markets Etf		234,679	$16,720,891	13.45%
2.	Schwab Strategic Trust	SCHD	371,784	$11,562,496	9.3%
3.	Vanguard Dividend Appreciation Etf - DIV APP ETF		44,193	$10,456,963	8.41%
4.	Watford Holdings Ltd.	WTREP	118,729	$7,682,959	6.18%
5.	Vanguard Whitehall Funds	VYM	51,562	$4,814,888	3.87%