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	$58,205,400	33.36%
2.	Vanguard Intl Equity Index Funds	VWO	390,000	$29,289,000	16.79%
3.	Invesco Exchange Traded Fd T - S&P500 EQL WGT		80,000	$15,353,600	8.8%
4.	Ishares Trust	IEF	138,000	$11,963,200	6.86%
5.	Alps Etf Trust		200,000	$10,528,000	6.03%