Instuitional Investor - Howard Capital Management Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Northern Lts Fd Tr Iii		3,751,737	$188,603,590	23.3%
2.	Northern Lts Fd Tr Iii		3,677,691	$151,363,458	18.7%
3.	Spdr Ser Tr		1,495,732	$136,694,940	16.89%
4.	Direxion Shs Etf Tr		4,888,350	$130,188,186	16.09%
5.	Ishares Trust	IEF	386,363	$38,346,511	4.73%