Instuitional Investor - Gallagher Fiduciary Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Mcdonalds Corp	MCD	5,613,710	$1,664,521,009	57.2%
2.	Pg&E Corp	PCG	23,063,072	$415,827,192	14.29%
3.	Delta Air Lines Inc.	DAL	5,477,568	$220,362,581	7.57%
4.	Cbre Group Inc.	CBRE	1,023,276	$95,256,763	3.27%
5.	Franklin Resources Inc	BEN	1,667,533	$49,675,806	1.7%