Instuitional Investor - Ffcm Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLB	1,182,403	$140,446,000	12.87%
2.	Sector Spdr Trust	XLB	1,013,386	$122,731,000	11.25%
3.	Sector Spdr Trust	XLB	2,495,042	$75,749,000	6.94%
4.	Sector Spdr Trust	XLB	1,027,074	$73,970,000	6.78%
5.	Sector Spdr Trust	XLB	1,418,585	$67,936,000	6.22%