Instuitional Investor - Ironclad Investments Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	157,664	$105,524,515	50.1%
2.	Vanguard Index Fds - S&P 500 ETF SHS		164,258	$100,588,314	47.75%
3.	Spdr S & P 500 Etf Trust	SPY	6,805	$4,533,355	2.15%