Instuitional Investor - Permanent Capital Management, Lp

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds - S&P 500 ETF SHS		246,616	$162,909,846	25.34%
2.	Vanguard Intl Equity Index Funds	VWO	643,393	$97,281,065	15.13%
3.	Ishares Trust	IEF	647,425	$64,159,794	9.98%
4.	Vanguard Tax-Managed Fds		668,654	$46,003,369	7.15%
5.	Vanguard Scottsdale Funds		595,838	$35,327,234	5.49%