Instuitional Investor - Lepercq De Neuflize Asset Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	108,716	$81,185,847	51.54%
2.	Vanguard Index Fds - S&P 500 ETF SHS		76,411	$52,479,839	33.31%
3.	Ishares Trust	HYG	183,230	$19,033,932	12.08%
4.	Cotwo Advisors Physical Euro		57,330	$978,910	0.62%
5.	Qorvo Inc.	QRVO	8,700	$811,449	0.52%