Instuitional Investor - Pathstone Holdings, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	2,402,911	$1,142,359,121	6.12%
2.	Ishares Trust	IEF	2,270,385	$1,083,439,320	5.81%
3.	Microsoft Corp	MSFT	1,866,041	$846,336,106	4.54%
4.	Apple Inc.	AAPL	3,066,731	$599,441,976	3.21%
5.	Vanguard Index Fds		1,348,202	$588,894,074	3.15%