Instuitional Investor - Tradewinds Capital Management, Llc

Filing Period:
No. Security Ticker Shares Value % Port
1.
Ishares Inc - MSCI ITALY ETF
704,794 $36,614,049 8.22%
2.
World Gold Tr
463,681 $35,448,413 7.96%
3. EWA 677,221 $33,522,440 7.53%
4.
Ishares Inc - MSCI SINGPOR ETF
1,146,502 $32,491,867 7.3%
5. EWA 768,223 $31,965,760 7.18%