Instuitional Investor - Oxbow Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Instl Index Fd		2,079,988	$157,278,297	14.61%
2.	Ishares Trust	IAU	912,179	$66,379,229	6.17%
3.	Microsoft Corp	MSFT	78,442	$40,628,847	3.77%
4.	Enterprise Products Partners L.p.	EPD	1,290,033	$40,339,328	3.75%
5.	Alphabet Inc.	GOOGL	135,594	$33,023,882	3.07%