Instuitional Investor - Verdence Capital Advisors Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Apple Inc.	AAPL	212,030	$47,098,331	3.6%
2.	Ishares Tr - FLTG RATE NT ETF		761,857	$38,892,779	2.97%
3.	Spdr Ser Tr		397,138	$36,429,471	2.78%
4.	Microsoft Corp	MSFT	83,999	$31,532,317	2.41%
5.	Spdr S & P 500 Etf Trust	SPY	51,950	$29,060,387	2.22%