Instuitional Investor - Granby Capital Management, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	55,000	$26,142,050	16.4%
2.	Vanguard Intl Equity Index Funds	VWO	258,000	$14,484,120	9.08%
3.	Ishares Trust	IEF	140,000	$13,843,200	8.68%
4.	Invesco Exchange Traded Fd T		80,000	$12,624,000	7.92%
5.	Ishares Trust	IEF	61,000	$12,243,310	7.68%