Instuitional Investor - Elm Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Intl Equity Index Funds	VWO	152,327	$8,773,000	11.84%
2.	Vanguard Total Stock Market Index Fund		36,863	$8,393,000	11.33%
3.	Vanguard S&P 500 Etf		12,466	$5,176,000	6.98%
4.	Ishares Trust	IEF	11,048	$5,012,000	6.76%
5.	Spdr S & P 500 Etf Trust	SPY	10,867	$4,908,000	6.62%