Instuitional Investor - D.a. Davidson & Co.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds - VALUE ETF		5,611,282	$1,100,933,491	6.67%
2.	Vanguard Index Fds - GROWTH ETF		1,811,209	$791,117,973	4.8%
3.	Ishares Trust	HYG	7,763,644	$672,642,147	4.08%
4.	Ishares Trust	IEF	5,167,126	$512,940,600	3.11%
5.	Apple Inc.	AAPL	1,523,959	$386,765,620	2.34%