Instuitional Investor - Credit Industriel Et Commercial

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr TrustPUT	XLB	1,339,200	$59,875,632	4.6%
2.	Market Vectors Etf TrustPUT	SMH	143,900	$51,822,707	3.98%
3.	Hewlett Packard Enterprise Co	HPE	550,000	$36,839,000	2.83%
4.	Ares Management Corp	ARES	625,000	$32,050,000	2.46%
5.	Ishares TrustPUT	IEF	110,000	$27,077,600	2.08%