Instuitional Investor - Focused Alpha, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		46,370	$14,876,000	4.6%
2.	Ishares Trust	IEF	19,588	$12,795,042	3.95%
3.	Microsoft Corp	MSFT	31,741	$11,749,452	3.63%
4.	Alphabet Inc.	GOOGL	35,117	$10,098,332	3.12%
5.	Federated Hermes Etf Trust		316,932	$7,969,264	2.46%