Instuitional Investor - Kearns & Associates Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		92,529	$49,855,785	32.21%
2.	Vanguard Index Fds		155,166	$44,968,802	29.06%
3.	Vanguard Tax-Managed Fds		264,383	$12,642,817	8.17%
4.	Vanguard Index Fds		39,477	$9,485,576	6.12%
5.	Spdr S & P 500 Etf Trust	SPY	9,650	$5,655,672	3.65%