13F-HR 1 v220225_13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 -------------- Check here if Amendment ( ); Amendment Number: _______ This Amendment (Check only one.): ( ) is a restatement. ( ) adds new holdings entries. Institutional Investment Manager Filing this Report: Name: TIFF Advisory Services, Inc. ---------------------------- Address: Four Tower Bridge, 200 Barr Harbor Drive, Suite 100 ------------------------------------------------------------------- West Conshohocken, PA 19428 ------------------------------------------------------------------- Form 13F File Number: 028-11995 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that is it understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Christian A. Szautner ------------------------------------------------------ Title: Chief Compliance Officer, TIFF Advisory Services, Inc. ------------------------------------------------------ Phone: 610-684-8017 ------------------------------------------------------ Signature, Place, and Date of Signing: /s/ Christian A. Szautner West Conshohocken, PA May 6, 2011 --------------------------- ----------------------- ------------------ (Signature) (City, State) (Date) Report Type (Check only one.): ( ) 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) ( ) 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported in this report and a portion are reported by other reporting manager(s).) ( X ) 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F File Number Name 28-05508 Aronson+Johnson+Ortiz LP 28-04441 Westport Asset Management, Inc. 28-04097 Shapiro Capital Management LLC 28-11450 Mondrian Investment Partners Limited 28-03743 Marathon Asset Management, LLP 28-04557 Wellington Management Company, LLP 28-13826 Brookfield Investment Management Inc. 28-01399 Southeastern Asset Management, Inc. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 6 Form 13F Information Table Value Total (in thousands): $53,704 ------- List of Other Included Managers: None Provide a numbered list of the name(s) and Form 13F file numbers (s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE
------------------------------------------------------------------------------------------------------------------------------------ ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8: ------------------------------------------------------------------------------------------------------------------------------------ INVESTMENT DISCRETION MANAGERS VOTING AUTH. MARKET --------------------- -------- ------------ VALUE (A) (B) (C) (A) (B) (C) (IN SHARES OR SOLE SHARED SHARED SOLE SHARED NONE NAME OF ISSUER TITLE OF CLASS CUSIP THOUSANDS) PRINCIPAL AMT. ---- DEFINED OTHER ---- ------ ---- -------------- -------------- ----- ---------- -------------- ------- ----- ------------------------------------------------------------------------------------------------------------------------------------ VANGUARD INTERNATIONAL EQUITY INDEX FUNDS FTSE All -World ex-US ETF 922042775 4,932 100,000 SH X 100,000 ------------------------------------------------------------------------------------------------------------------------------------ VANGUARD INTERNATIONAL EQUITY INDEX FUNDS Emerging Markets ETF 922042858 42,560 870,000 SH X 870,000 ------------------------------------------------------------------------------------------------------------------------------------ iSHARES TRUST MSCI Emerging Markets Index 464287234 2,876 59,100 SH X 59,100 ------------------------------------------------------------------------------------------------------------------------------------ iSHARES TRUST MSCI EAFE Index 464287465 763 12,700 SH X 12,700 ------------------------------------------------------------------------------------------------------------------------------------ iSHARES TRUST S&P Global Energy Sector Index 464287341 1,491 33,575 SH X 33,575 ------------------------------------------------------------------------------------------------------------------------------------ iSHARES TRUST S&P Global Materials Sector Index 464288695 1,082 14,500 SH X 14,500 ------------------------------------------------------------------------------------------------------------------------------------