Instuitional Investor - Kcm Investment Advisors Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Apple Inc.	AAPL	950,511	$183,001,879	7.28%
2.	Sector Spdr Trust	XLB	725,257	$139,597,476	5.55%
3.	Microsoft Corp	MSFT	322,049	$121,103,425	4.82%
4.	Costco Wholesale Corp W	COST	125,782	$83,026,445	3.3%
5.	Vanguard Index Fds		223,015	$52,903,545	2.1%