Instuitional Investor - Credit Agricole S A

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf TrustPUT	SPY	1,375,000	$653,551,250	7.46%
2.	Microsoft Corp	MSFT	1,335,763	$502,300,318	5.73%
3.	Invesco Qqq TrPUTPUT		1,090,000	$446,376,800	5.09%
4.	Ishares TrustPUT	IEF	2,000,000	$401,420,000	4.58%
5.	Coty Inc.	COTY	30,448,840	$378,174,592	4.31%