Instuitional Investor - Granby Capital Management, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	89,500	$55,297,700	30.87%
2.	Vanguard Intl Equity Index Funds	VWO	408,000	$27,425,800	15.31%
3.	Invesco Exchange Traded Fd T - S&P500 EQL WGT		80,000	$14,539,200	8.12%
4.	Ishares Trust	IEF	138,000	$12,178,500	6.8%
5.	Ishares Trust	IEF	17,000	$10,555,300	5.89%