Instuitional Investor - Dumac, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds - S&P 500 ETF SHS		1,056,580	$631,359,379	76.96%
2.	Schwab Strategic Trust	SCHD	7,929,093	$170,396,209	20.77%
3.	Ishares Tr - MSCI INDIA ETF		201,973	$9,460,415	1.15%
4.	Zto Express (Cayman) Inc.	ZTO	96,781	$2,435,978	0.3%
5.	Joint Stock Co Kaspi.kz	KSPI	31,510	$2,333,946	0.28%