Instuitional Investor - Phraction Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf TrustPUT	SPY	243,000	$181,465,110	30.47%
2.	Amazon Com Inc	AMZN	145,203	$34,607,683	5.81%
3.	Alphabet Inc.	GOOGL	76,858	$27,466,743	4.61%
4.	A S M L Holding N V	ASML	13,512	$26,881,313	4.51%
5.	Microsoft Corp	MSFT	62,618	$23,357,766	3.92%