Instuitional Investor - Magnolia Capital Management Ltd

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Invesco Qqq Tr Unit Ser 1		35,345	$26,028	17.96%
2.	Spdr S & P 500 Etf Trust	SPY	29,595	$22,101	15.25%
3.	Ishares Trust	IEF	117,375	$9,051	6.25%
4.	Spdr Dow Jones Ind Avg Etf Trust	DIA	15,426	$8,058	5.56%
5.	Apple Inc.	AAPL	25,578	$7,401	5.11%