Instuitional Investor - Maryland Capital Advisors Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Tr		726,958	$37,583,728	17.42%
2.	Vanguard Scottsdale Funds		293,603	$22,903,971	10.61%
3.	Apple Inc.	AAPL	72,357	$18,119,647	8.39%
4.	Vanguard Index Fds		61,736	$17,891,711	8.29%
5.	Vanguard Index Fds		58,928	$9,976,525	4.62%