Instuitional Investor - Novak & Powell Financial Services, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Growth Etf - GROWTH ETF		26,416	$9,795,731	6.09%
2.	Invesco Qqq Tr		19,490	$9,139,288	5.69%
3.	Apple Inc.	AAPL	39,206	$8,708,817	5.42%
4.	Vanguard Large-Cap Etf - LARGE CAP ETF		29,902	$7,685,809	4.78%
5.	Spdr S & P 500 Etf Trust	SPY	10,183	$5,696,008	3.54%