Instuitional Investor - Empirical Financial Services, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Nvidia Corp	NVDA	1,957,352	$341,362,130	5.9%
2.	Ishares Trust	HYG	1,766,694	$338,869,558	5.86%
3.	Ishares Tr - MSCI INTL QUALTY		6,839,909	$316,208,985	5.47%
4.	Vanguard Malvern Fds		4,890,809	$244,295,889	4.22%
5.	Ishares Trust	HYG	960,399	$230,486,167	3.98%