Instuitional Investor - Telos Capital Management, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Apple Inc.	AAPL	229,806	$47,149,375	4.8%
2.	Vanguard Index Fds		131,309	$39,908,733	4.06%
3.	Qualcomm Inc	QCOM	191,248	$30,458,167	3.1%
4.	Vanguard Intl Equity Index Funds	VWO	338,827	$22,775,981	2.32%
5.	Home Depot Inc.	HD	57,609	$21,121,924	2.15%