Instuitional Investor - Nearwater Capital Markets, Ltd

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	1,000,000	$561,900,000	15.99%
2.	Spdr S & P 500 Etf Trust	SPY	500,000	$279,695,000	7.96%
3.	Broadcom Inc.	AVGO	1,016,274	$170,154,756	4.84%
4.	Nvidia Corp	NVDA	1,560,000	$169,072,800	4.81%
5.	Microsoft Corp	MSFT	333,775	$125,295,797	3.57%