Instuitional Investor - Gryphon Financial Partners Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	282,994	$135,137,385	23.91%
2.	Vanguard Index Fds		138,256	$30,858,510	5.46%
3.	Apple Inc.	AAPL	147,458	$27,638,352	4.89%
4.	Dycom Industries Inc	DY	163,840	$18,842,840	3.33%
5.	Spdr S & P 500 Etf Trust	SPY	41,011	$18,491,195	3.27%