Instuitional Investor - Pine Valley Investments Ltd Liability Co

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf TrustPUTBOND	SPY	291,900	$138,742,989	9.98%
2.	Spdr S & P 500 Etf Trust	SPY	150,481	$71,788,461	5.16%
3.	Apple Inc.	AAPL	277,355	$53,399,108	3.84%
4.	First Tr Exchng Traded Fd Vi		1,041,259	$46,445,374	3.34%
5.	Microsoft Corp	MSFT	77,190	$29,026,682	2.08%