The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALEXANDER & BALDWIN INC NEW COM 014491104 17,292 503,691 SH   SOLE 0 0 503,691
ISHARES TR MSCI EAFE ETF 464287465 1,530 26,685 SH   SOLE 26,685 0 0
MATSON INC COM 57686g105 5,089 132,228 SH   SOLE 0 0 132,228
SPDR S&P 500 ETF TR TR UNIT 78462f103 7,971 41,594 SH   SOLE 39,371 0 2,223
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 3,652 66,032 SH   SOLE 66,032 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 70,801 2,139,657 SH   SOLE 2,134,303 0 5,354
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 6,846 192,080 SH   SOLE 177,593 0 14,487