Instuitional Investor - Kempner Capital Management Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Taiwan Semiconductor Mfg Co Ltd	TSM	60,615	$13,729,000	7.35%
2.	Micron Technology Inc	MU	94,192	$11,609,000	6.22%
3.	Black Stone Minerals L.p.	BSM	759,343	$9,932,000	5.32%
4.	Walt Disney Co	DIS	62,631	$7,767,000	4.16%
5.	Bank Of America Corp	BAC	134,331	$6,357,000	3.4%