Instuitional Investor - Pathstone Family Office, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	2,390,409	$1,022,166,147	7.79%
2.	Ishares Trust	IEF	2,280,752	$979,346,406	7.46%
3.	Microsoft Corp	MSFT	1,462,153	$583,100,912	4.44%
4.	Vanguard Index Fds		1,323,617	$519,786,775	3.96%
5.	Spdr S & P Midcap 400 Etf Trust	MDY	963,113	$439,795,715	3.35%