Instuitional Investor - Moody National Bank Trust Division

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Tax-Managed Fds		1,090,008	$77,663,071	6.43%
2.	Vanguard Index Fds - S&P 500 ETF SHS		99,885	$68,602,017	5.68%
3.	Vanguard Index Fds - EXTEND MKT ETF		166,374	$40,962,943	3.39%
4.	Nvidia Corp	NVDA	198,787	$39,775,291	3.29%
5.	Spdr S & P 500 Etf Trust	SPY	45,579	$34,037,030	2.82%