Instuitional Investor - Thornmark Asset Management Inc.

Filing Period:
No. Security Ticker Shares Value % Port
1. XLK 47,910 $1,981,000 5.91%
2.
Financial Select Sector Spdr F
65,000 $1,607,000 4.79%
3. BMO 21,260 $1,504,000 4.49%
4.
Consumer Staples Select Sector
30,370 $1,473,000 4.39%
5. COF 17,420 $1,438,000 4.29%