Instuitional Investor - Swan Global Investments, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf TrustPUT	SPY	2,439,700	$1,319,242,887	38.75%
2.	Spdr S & P 500 Etf Trust	SPY	1,095,810	$642,232,325	18.86%
3.	Ishares Trust	IEF	712,144	$419,224,930	12.31%
4.	Sector Spdr Trust	XLB	636,744	$148,055,715	4.34%
5.	Pacer Fds Tr		2,287,473	$65,032,857	1.91%