Select Asset Management & Trust 13F-HR Quarterly holdings report by institutional manager

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

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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
Aether Global Innovations Corp	COM	00810E109	2	70,000	SH		OTR		0	0	70,000
Alphabet Inc - A Shares	COM	02079K305	22	120	SH		OTR		0	0	120
Alphabet Inc - A Shares	COM	02079K305	259	1,425	SH		SOLE		0	0	1,425
Alphabet Inc - C Shares	COM	02079K107	639	3,484	SH		SOLE		0	0	3,484
Alphabet Inc - C Shares	COM	02079K107	632	3,448	SH		OTR	1	0	0	3,448
Amazon.com Inc	COM	023135106	242	1,248	SH		SOLE		0	0	1,248
Amazon.com Inc	COM	023135106	404	2,093	SH		OTR		0	0	2,093
Amex Technology Select Index	ETF	81369Y803	3,277	14,485	SH		SOLE		0	0	14,485
Apple Computer, Inc.	COM	037833100	3,710	17,615	SH		SOLE		0	0	17,615
Bank of America	COM	060505104	710	17,842	SH		SOLE		0	0	17,842
Berkshire Hathaway Inc. Cl B	COM	084670702	1,348	3,315	SH		SOLE		0	0	3,315
Berkshire Hathaway Inc. Cl B	COM	084670702	868	2,133	SH		OTR	1	0	0	2,133
Berkshire Hills Bancorp Inc	COM	084680107	735	32,245	SH		OTR		0	0	32,245
Blackstone Group LP	ETF	09260D107	439	3,550	SH		SOLE		0	0	3,550
Carlisle Companies Inc	COM	142339100	4,664	11,509	SH		OTR		0	0	11,509
Centene Corp	COM	15135B101	530	8,000	SH		OTR		0	0	8,000
Chevron Texaco Corporation	COM	166764100	383	2,447	SH		OTR		0	0	2,447
Chevron Texaco Corporation	COM	166764100	156	1,000	SH		SOLE		0	0	1,000
CIE Financiere Richemon	COM	H25662943	369	2,366	SH		OTR	1	0	0	2,366
Dow Diamonds - SPDR Dow Jones	ETF	78467X109	31,794	81,288	SH		SOLE		0	0	81,288
Emcor Group Inc	COM	29084Q100	9,044	24,773	SH		OTR		0	0	24,773
Encompass Health Corporation	COM	29261A100	634	7,387	SH		OTR		0	0	7,387
Exxon Mobil Corp.	COM	30231G102	940	8,168	SH		SOLE		0	0	8,168
Financial Select Sector	ETF	81369Y605	413	10,035	SH		SOLE		0	0	10,035
Goldman, Sachs & Co.	COM	38141G104	211	467	SH		SOLE		0	0	467
HCA Inc.	COM	40412C101	561	1,745	SH		SOLE		0	0	1,745
Heineken Holding ORD EUR1.6	COM	423991959	349	4,417	SH		OTR	1	0	0	4,417
Hershey Foods Corp	COM	427866108	230	1,250	SH		OTR		0	0	1,250
Hertz Global Holdings	COM	42806J700	75	21,242	SH		OTR		0	0	21,242
Intuit Inc	COM	461202103	394	600	SH		OTR		0	0	600
iShares MSCI Emerging Markets	ETF	464287234	3,516	82,550	SH		SOLE		0	0	82,550
iShares S&P 100 Index	ETF	464287101	26,298	99,502	SH		SOLE		0	0	99,502
iShares S&P 500 Value	ETF	464287408	274	1,507	SH		SOLE		0	0	1,507
iShares SC S&P 600	ETF	464287804	12,935	121,276	SH		SOLE		0	0	121,276
iShares Silver Trust	ETF	46428Q109	213	8,000	SH		SOLE		0	0	8,000
J.P. Morgan Chase	COM	46625H100	1,572	7,771	SH		SOLE		0	0	7,771
J.P. Morgan Chase	COM	46625H100	219	1,084	SH		OTR	1	0	0	1,084
Lockheed Martin	COM	539830109	424	907	SH		OTR		0	0	907
Market Vectors Gold Miners	ETF	92189F106	1,018	30,000	SH		SOLE		0	0	30,000
Martin Marietta Materials	COM	573284106	7	13	SH		SOLE		0	0	13
Martin Marietta Materials	COM	573284106	233	430	SH		OTR	1	0	0	430
Mastercard	COM	57636Q104	424	962	SH		SOLE		0	0	962
Mastercard	COM	57636Q104	440	997	SH		OTR	1	0	0	997
McDonald's Corp	COM	580135101	4,968	19,496	SH		OTR		0	0	19,496
Meta Platforms Inc	COM	30303M102	750	1,487	SH		OTR		0	0	1,487
Microsoft Corp	COM	594918104	1,798	4,022	SH		SOLE		0	0	4,022
Microsoft Corp	COM	594918104	1,832	4,100	SH		OTR		0	0	4,100
MSCI EAFE Index	ETF	464287465	15,100	192,770	SH		SOLE		0	0	192,770
Nestle SA ADR	COM	641069406	355	3,469	SH		OTR	1	0	0	3,469
Netfllix Inc	COM	64110L106	5	7	SH		SOLE		0	0	7
Netfllix Inc	COM	64110L106	295	437	SH		OTR	1	0	0	437
Newmont Mining Corp	COM	651639106	578	13,800	SH		OTR		0	0	13,800
NVIDIA Corp	COM	67066G104	233	1,890	SH		SOLE		0	0	1,890
NVIDIA Corp	COM	67066G104	9	71	SH		OTR		0	0	71
Paycom Software Inc	COM	70432V102	358	2,500	SH		OTR		0	0	2,500
Pernod Ricard SA Ord	COM	F72027919	253	1,861	SH		OTR	1	0	0	1,861
Pfizer Inc	COM	717081103	921	32,934	SH		SOLE		0	0	32,934
Phillip Morris International	COM	718172109	275	2,709	SH		OTR	1	0	0	2,709
PNC Financial Services Gr	COM	693475105	1,780	11,450	SH		SOLE		0	0	11,450
S&P 500 Spiders	ETF	78462F103	56,727	104,235	SH		SOLE		0	0	104,235
Salesforce.com	COM	79466L302	258	1,005	SH		SOLE		0	0	1,005
Schwab US Dividend Equity ETF	ETF	808524797	208	2,677	SH		SOLE		0	0	2,677
Sheldahl, Inc.	COM	780259305	511	7,074	SH		SOLE		0	0	7,074
Truist Financial Corp	COM	89832Q109	276	7,097	SH		OTR		0	0	7,097
Truist Financial Corp	COM	89832Q109	194	5,000	SH		SOLE		0	0	5,000
UGI Corp.	COM	902681105	215	9,400	SH		SOLE		0	0	9,400
Under Armour Inc - Class C	COM	904311206	164	25,047	SH		OTR		0	0	25,047
United Health Group Inc.	COM	91324P102	257	504	SH		OTR		0	0	504
Utz Brands, Inc.	COM	918090101	1,964	118,038	SH		OTR		0	0	118,038
Vanguard Dividend Appreciation	ETF	921908844	15,863	86,898	SH		SOLE		0	0	86,898
Vanguard Growth Vipers	ETF	922908736	747	1,997	SH		SOLE		0	0	1,997
Vanguard High Div Yield	ETF	921946406	16,182	136,438	SH		SOLE		0	0	136,438
Vanguard Int Div App Index	ETF	921946810	4,058	49,928	SH		SOLE		0	0	49,928
Vanguard Large Cap	ETF	922908637	1,271	5,093	SH		SOLE		0	0	5,093
Vanguard Mega Cap Value	ETF	921910840	9,450	79,747	SH		SOLE		0	0	79,747
Vanguard S&P 500 ETF	ETF	922908363	1,181	2,362	SH		SOLE		0	0	2,362
Workday Inc	COM	98138H101	209	933	SH		OTR		0	0	933