Instuitional Investor - Ffcm Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLB	2,364,806	$140,446,000	12.87%
2.	Sector Spdr Trust	XLB	2,026,772	$122,731,000	11.25%
3.	Sector Spdr Trust	XLB	4,990,084	$75,749,000	6.94%
4.	Sector Spdr Trust	XLB	2,054,148	$73,970,000	6.78%
5.	Sector Spdr Trust	XLB	2,837,170	$67,936,000	6.22%