Instuitional Investor - Deschutes Portfolio Strategy, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Apple Inc.	AAPL	35,994	$10,415,283	4.17%
2.	Ishares Tr		111,661	$8,462,784	3.39%
3.	Lam Research Corp	LRCX	18,130	$7,856,273	3.15%
4.	Pimco California Municipal Income Fund	PCQ	848,717	$7,612,992	3.05%
5.	Ascendis Pharma A/S		28,107	$7,496,699	3%