Instuitional Investor - Regency Capital Management Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Berkshire Hathaway Inc	BRK.A	32,937	$16,555,783	6.89%
2.	Markel Group Inc.	MKL	6,726	$14,458,546	6.01%
3.	Ishares Trust	IAU	175,642	$14,256,861	5.93%
4.	Chubb Ltd	CB	40,280	$12,572,194	5.23%
5.	Costco Wholesale Corp W	COST	14,188	$12,234,880	5.09%