Instuitional Investor - Ladenburg Thalmann Financial Services Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Apple Inc.	AAPL	6,788,072	$456,789,000	2.97%
2.	Ishares Trust	IEF	1,090,562	$307,582,000	2%
3.	Vanguard Tax Managed Intl Fd		4,828,283	$212,361,000	1.38%
4.	Spdr S & P 500 Etf Trust	SPY	1,106,494	$211,741,000	1.37%
5.	Microsoft Corp	MSFT	1,288,388	$197,439,000	1.28%