Instuitional Investor - Blkbrd Asset Management, Lp

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr Index Shs Fds		180,547	$6,162,069	28.71%
2.	Ishares Trust	IEF	65,368	$4,942,475	23.03%
3.	Ishares Trust	IEF	28,270	$2,499,068	11.64%
4.	Ishares Tr		46,278	$2,413,861	11.24%
5.	Sector Spdr Trust	XLB	10,000	$2,243,500	10.45%