Instuitional Investor - Winch Advisory Services, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr Series Trust		526,350	$30,765,175	10.2%
2.	Vanguard Scottsdale Funds		429,601	$25,058,606	8.31%
3.	Apple Inc.	AAPL	128,064	$24,656,238	8.17%
4.	Spdr Bloomberg 1-3 Month T-Bill Etf New		236,232	$21,589,214	7.15%
5.	Microsoft Corp	MSFT	43,826	$16,480,398	5.46%