Instuitional Investor - Swan Global Investments, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf TrustPUT	SPY	2,445,500	$1,084,292,835	35.76%
2.	Spdr S & P 500 Etf Trust	SPY	1,271,558	$604,384,233	19.93%
3.	Ishares Trust	IEF	769,284	$367,433,117	12.11%
4.	Sector Spdr Trust	XLB	864,065	$166,315,231	5.48%
5.	Sector Spdr Trust	XLB	1,986,490	$74,692,024	2.46%