Instuitional Investor - Houlihan Financial Resource Group, Ltd.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	43,729	$20,785	10.07%
2.	Ishares Trust	IEF	123,076	$13,323	6.46%
3.	J P Morgan Exchange Traded F		215,615	$10,830	5.25%
4.	Vanguard Index Fds		36,533	$8,499	4.12%
5.	Vanguard Bond Index Funds	BND	106,824	$8,228	3.99%