Instuitional Investor - D.a. Davidson & Co.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds - VALUE ETF		5,309,040	$938,319,802	6.61%
2.	Vanguard Index Fds - GROWTH ETF		1,758,337	$770,854,927	5.43%
3.	Ishares Tr - CORE MSCI TOTAL		7,344,681	$567,817,315	4%
4.	Ishares Trust	IEF	4,417,779	$438,243,703	3.09%
5.	Microsoft Corp	MSFT	818,515	$407,137,615	2.87%