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	155,600	$91,194,048	5.45%
2.	Spdr S & P 500 Etf Trust	SPY	135,964	$79,900,000	4.77%
3.	Apple Inc.	AAPL	202,738	$50,769,605	3.03%
4.	First Tr Exchng Traded Fd Vi		997,448	$42,860,362	2.56%
5.	Microsoft Corp	MSFT	90,727	$38,241,316	2.28%