Instuitional Investor - Talkot Capital, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	National General Holdings Corp.	NGHC	650,000	$14,456,000	19.62%
2.	Ishares Trust	IEF	100,000	$13,751,000	18.66%
3.	Ishares TrPUTPUT		100,000	$8,726,000	11.84%
4.	Walker & Dunlop Inc.	WD	310,000	$7,831,000	10.62%
5.	Anworth Mortgage Asset Corp	ANH	1,000,000	$4,920,000	6.67%