Instuitional Investor - Bronfman E.l. Rothschild, L.p.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		1,060,473	$326,255,000	11.5%
2.	Ishares Trust	IEF	893,719	$300,343,000	10.58%
3.	Vanguard Tax-Managed Intl Fd		4,491,402	$183,698,000	6.47%
4.	Spdr S & P 500 Etf Trust	SPY	399,050	$133,638,000	4.71%
5.	Ishares Tr		4,543,194	$126,982,000	4.47%