Instuitional Investor - Ironclad Investments Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	142,195	$83,707,353	48.95%
2.	Vanguard Index Fds		154,558	$83,277,396	48.7%
3.	Spdr S & P 500 Etf Trust	SPY	6,805	$3,988,274	2.33%