Instuitional Investor - Pathstone Holdings, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	2,401,692	$1,798,598,916	5.24%
2.	Spdr S & P 500 Etf Trust	SPY	2,152,900	$1,608,247,694	4.68%
3.	Vanguard Index Fds - GROWTH ETF		15,758,373	$1,357,426,325	3.95%
4.	Vanguard Index Fds - S&P 500 ETF SHS		1,891,310	$1,298,971,928	3.78%
5.	Vanguard Index Fds - VALUE ETF		5,221,598	$1,137,942,497	3.31%