Instuitional Investor - Grayhawk Investment Strategies Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Msci Eafe Value Etf		136,450	$7,159,532	13.64%
2.	Vanguard S&P 500 Value Etf		35,230	$6,500,287	12.39%
3.	Ishares Trust	IEF	9,706	$5,713,728	10.89%
4.	Vanguard S&P 500 Growth Etf		14,700	$5,381,082	10.25%
5.	Vanguard World Fund		8,406	$5,226,851	9.96%