Instuitional Investor - Swan Global Investments, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf TrustPUT	SPY	2,250,600	$1,296,048,910	36.22%
2.	Spdr S & P 500 Etf Trust	SPY	1,210,917	$806,688,687	22.54%
3.	Ishares Trust	IEF	726,609	$486,319,404	13.59%
4.	Sector Spdr Trust	XLB	927,082	$130,653,666	3.65%
5.	Pacer Fds Tr		2,471,161	$77,989,841	2.18%