Instuitional Investor - Swan Global Investments, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf TrustPUT	SPY	1,839,600	$1,107,225,008	36.97%
2.	Spdr S & P 500 Etf Trust	SPY	995,392	$647,343,233	21.61%
3.	Ishares Trust	IEF	606,594	$396,233,267	13.23%
4.	Pacer Fds Tr		2,684,376	$81,014,468	2.7%
5.	Pacer Fds Tr		2,365,077	$75,422,306	2.52%