Instuitional Investor - Conservest Capital Advisors, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	246,540	$164,242,926	15.2%
2.	Sector Spdr Trust	XLB	943,452	$132,960,593	12.3%
3.	Spdr S & P Midcap 400 Etf Trust	MDY	217,689	$129,751,431	12%
4.	Sector Spdr Trust	XLB	967,570	$67,328,426	6.23%
5.	J P Morgan Exchange Traded F		876,831	$64,482,171	5.97%