Instuitional Investor - Aspen Grove Capital, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	72,842	$34,761,754	10.58%
2.	Ishares Trust	IEF	44,838	$21,415,974	6.52%
3.	Vanguard Intl Equity Index Funds	VWO	198,292	$20,359,896	6.2%
4.	Vanguard Tax-Managed Fds		302,289	$14,468,090	4.4%
5.	Valley National Bancorp	VLY	1,298,874	$14,251,837	4.34%