Instuitional Investor - Gray Foundation

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Hilton Worldwide Holdings Inc.	HLT	731,666	$189,823,427	54.03%
2.	Ishares Trust	IEF	559,116	$70,420,660	20.04%
3.	Alphabet Inc.	GOOGL	112,000	$27,277,600	7.76%
4.	Ishares Tr - MSCI INDIA ETF		425,748	$22,164,441	6.31%
5.	Exchange Traded Concepts Trust		205,000	$13,439,800	3.83%