Instuitional Investor - Gallagher Fiduciary Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Mcdonalds Corp	MCD	4,325,813	$1,344,419,339	52.19%
2.	Pg&E Corp	PCG	18,506,793	$325,164,359	12.62%
3.	Delta Air Lines Inc.	DAL	3,839,147	$255,226,517	9.91%
4.	Cbre Group Inc.	CBRE	883,856	$119,727,134	4.65%
5.	Franklin Resources Inc	BEN	1,408,138	$33,260,236	1.29%