Instuitional Investor - Norden Group Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Tr		2,212,689	$194,740,079	33.51%
2.	Spdr Ser Tr		1,426,254	$104,007,592	17.9%
3.	Microsoft Corp	MSFT	38,519	$14,484,500	2.49%
4.	Vanguard Index Fds		61,616	$11,902,270	2.04%
5.	J P Morgan Exchange Traded F		218,596	$10,980,115	1.88%