Instuitional Investor - Moody National Bank Trust Division

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	National Western Life Group Inc.	NWLI	1,109,377	$535,851,279	41.76%
2.	Microsoft Corp	MSFT	81,163	$30,520,535	2.37%
3.	Apple Inc.	AAPL	149,350	$28,754,356	2.24%
4.	Ishares Trust	IEF	45,275	$21,624,698	1.68%
5.	Amazon Com Inc	AMZN	91,120	$13,844,773	1.07%