Instuitional Investor - Davidson Investment Advisors

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	HYG	2,122,254	$202,547,927	8.28%
2.	Alphabet Inc.	GOOGL	332,294	$117,409,565	4.8%
3.	Amazon Com Inc	AMZN	447,774	$106,722,455	4.36%
4.	Apple Inc.	AAPL	341,640	$98,857,059	4.04%
5.	Taiwan Semiconductor Manufacturing Co Ltd	TSM	200,103	$95,562,963	3.91%