Instuitional Investor - Hm Capital Management, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		207,051	$67,975,000	40.68%
2.	Vanguard Admiral Fds Inc		93,050	$11,551,000	6.91%
3.	Vanguard Intl Equity Index Funds	VWO	203,606	$9,032,000	5.4%
4.	Automatic Data Processing Inc	ADP	32,097	$7,260,000	4.34%
5.	Microsoft Corp	MSFT	30,603	$7,127,000	4.26%