Instuitional Investor - Spectrum Management Group, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	172,153	$61,490,000	13.35%
2.	Ishares Trust	IEF	95,433	$34,227,000	7.43%
3.	Ishares Tr		262,134	$20,816,000	4.52%
4.	Apple Inc.	AAPL	131,238	$18,137,000	3.94%
5.	Sector Spdr Trust	XLB	149,378	$17,743,000	3.85%