Instuitional Investor - Cohen Klingenstein, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	1,154,528	$713,325,125	23.8%
2.	Vanguard Small-Cap Growth Etf		678,870	$188,006,258	6.27%
3.	Invesco Qqq Trust		326,360	$180,033,230	6.01%
4.	Ishares Trust	IEF	532,388	$152,188,434	5.08%
5.	Microsoft Corp	MSFT	285,500	$142,010,555	4.74%