Instuitional Investor - Northern Lights Advisors, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Tax-Managed Fds		383,239	$27,305,810	14.86%
2.	Microsoft Corp	MSFT	30,925	$11,535,783	6.28%
3.	Ishares Inc - CORE MSCI EMKT		119,188	$9,873,551	5.37%
4.	Ishares Trust	IEF	78,413	$9,736,484	5.3%
5.	Vanguard Mun Bd Fds		166,939	$8,443,775	4.59%