Issuer Direct Corp (ISDR)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Vanguard Group Inc	150,611	$1,346,462	0%
2.	Bard Associates Inc	132,931	$1,188,404	0.4%
3.	Punch & Associates Investment Management, Inc.	111,500	$996,810	0.05%
4.	Herald Investment Management Ltd	90,000	$783,000	0.12%
5.	Dimensional Fund Advisors Lp	31,226	$279,161	0%