Instuitional Investor - Gray Foundation

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Hilton Worldwide Holdings Inc.	HLT	731,666	$222,484,997	56.08%
2.	Ishares Trust	IEF	559,116	$66,260,837	16.7%
3.	Alphabet Inc.	GOOGL	112,000	$32,128,320	8.1%
4.	Ishares Tr - MSCI INDIA ETF		425,748	$19,942,036	5.03%
5.	Exchange Traded Concepts Trust		205,000	$14,028,150	3.54%