Instuitional Investor - Stack Financial Management, Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Walmart Inc.	WMT	1,014,994	$114,958,173	8.97%
2.	Proshares Tr - SHOR S&P 500 NEW		2,776,433	$91,677,818	7.15%
3.	Microsoft Corp	MSFT	187,635	$69,991,445	5.46%
4.	Quanta Services Inc.	PWR	92,624	$66,692,739	5.2%
5.	Berkshire Hathaway Inc	BRK-B	119,231	$59,662,001	4.66%