Instuitional Investor - Flagship Capital Management Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLE	138,561	$26,398,642	16.67%
2.	Alphabet Inc.	GOOGL	43,409	$15,513,077	9.79%
3.	Apple Inc.	AAPL	51,020	$14,763,202	9.32%
4.	Visa Inc.	V	22,202	$7,617,284	4.81%
5.	Ishares Tr		91,144	$6,907,804	4.36%