Instuitional Investor - Cherry Tree Wealth Management, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr Series Trust	KRE	661,145	$22,121,925	4.16%
2.	Spdr Series Trust	KRE	732,222	$21,973,997	4.13%
3.	Vanguard Tax-Managed Fds		302,571	$21,558,204	4.06%
4.	Vanguard Bond Index Funds	BND	288,437	$21,174,141	3.98%
5.	Vanguard Index Fds - VALUE ETF		93,541	$20,385,480	3.84%