Instuitional Investor - Westend Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLB	3,223,539	$428,412,295	10.34%
2.	Sector Spdr Trust	XLB	7,763,625	$383,290,655	9.25%
3.	Sector Spdr Trust	XLB	2,838,788	$314,711,134	7.6%
4.	Vanguard Intl Equity Index Funds	VWO	3,796,683	$285,131,747	6.88%
5.	Sector Spdr Trust	XLB	1,878,114	$275,355,143	6.65%