Instuitional Investor - Guardsman Private Capital Management, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		128,055	$47,385,640	33.21%
2.	Vanguard Scottsdale Funds	VCIT	239,350	$13,930,182	9.76%
3.	Ishares Trust	IEF	82,189	$13,501,187	9.46%
4.	Vanguard Star Fds		95,514	$8,165,462	5.72%
5.	Vanguard Tax-Managed Fds		102,296	$7,288,590	5.11%