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	$70,702,363	51.11%
2.	Vanguard Index Fds - S&P 500 ETF SHS		76,188	$45,526,139	32.91%
3.	Ishares Trust	HYG	183,230	$17,797,130	12.87%
4.	Cotwo Advisors Physical Euro		57,330	$904,381	0.65%
5.	Silvaco Group Inc.	SVCO	95,727	$677,747	0.49%