Instuitional Investor - Teramo Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	260,000	$123,580,600	52.35%
2.	Spdr S & P 500 Etf TrustPUT	SPY	100,000	$47,531,000	20.13%
3.	Ishares Trust	IEF	88,700	$42,365,781	17.94%
4.	Ionq Inc		1,100,000	$13,629,000	5.77%
5.	Etf Ser Solutions		30,000	$3,001,950	1.27%