Instuitional Investor - Granite Investment Advisors, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Apple Inc.	AAPL	261,869	$37,054,000	5.99%
2.	Microsoft Corp	MSFT	86,142	$24,285,000	3.93%
3.	Oracle Corp	ORCL	226,498	$19,735,000	3.19%
4.	Berkshire Hathaway Inc	BRK.A	58,091	$15,855,000	2.56%
5.	Morgan Stanley	MS	161,119	$15,678,000	2.53%