Instuitional Investor - Delpha Capital Management, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	60,825	$9,235,000	12.67%
2.	Spdr Dow Jones Ind Avg Etf Trust	DIA	15,915	$3,842,000	5.27%
3.	Vanguard Index Fds		22,981	$3,261,000	4.47%
4.	Microchip Technology Inc	MCHP	39,678	$1,812,000	2.48%
5.	Walgreens Boots Alliance Inc.	WBA	18,894	$1,237,000	1.69%