Instuitional Investor - Cairn Investment Group, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Total International S		296,094	$17,449	10.25%
2.	Apple Inc.	AAPL	43,329	$10,580	6.21%
3.	Vanguard Intl Equity Index Funds	VWO	232,277	$10,229	6.01%
4.	Acuity Brands Inc	AYI	23,583	$6,889	4.04%
5.	Goldman Sachs Group Inc	GS	10,546	$6,039	3.54%