Instuitional Investor - Fulton Breakefield Broenniman Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	231,529	$151,237,126	9.87%
2.	Vanguard Tax-Managed Fds		1,192,727	$76,429,951	4.99%
3.	Apple Inc.	AAPL	299,899	$76,111,437	4.96%
4.	Microsoft Corp	MSFT	178,228	$65,974,724	4.3%
5.	Alphabet Inc.	GOOGL	222,776	$64,061,399	4.18%