Instuitional Investor - Spider Management Company, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	294,256	$191,366,447	54.59%
2.	Invesco Exchange Traded Fd T - S&P500 EQL WGT		343,186	$65,864,257	18.79%
3.	Spdr Gold Trust	GLD	133,928	$57,627,879	16.44%
4.	Ishares Tr		387,151	$18,419,638	5.25%
5.	Market Vectors Etf Trust	GDX	45,099	$17,290,957	4.93%