Instuitional Investor - Armor Advisors, L.l.c.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	C R H Plc	CRH	315,995	$21,854,214	21.09%
2.	Franco Nevada Corp	FNV	129,531	$14,353,330	13.85%
3.	Royal Gold Inc	RGLD	109,683	$13,267,256	12.8%
4.	First Citizens Bancshares Inc	FCNCA	7,515	$10,663,560	10.29%
5.	Canadian Natural Resources Ltd	CNQ	294,212	$9,638,385	9.3%