Instuitional Investor - Concord Asset Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Small Cap Value Fund		149,392	$15,801,000	5.47%
2.	Lowe's Companies	LOW	195,764	$13,469,000	4.66%
3.	Berkshire Hathaway Class B	BRK-B	77,339	$11,612,000	4.02%
4.	Union Pacific Corp.	UNP	95,164	$11,337,000	3.93%
5.	United Technologies Corp	UTX	153,187.545	$11,087,000	3.84%