Instuitional Investor - Loudon Investment Management, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLE	66,455	$12,661,007	6.22%
2.	Microsoft Corp	MSFT	29,416	$10,972,756	5.39%
3.	Cisco Systems Inc.	CSCO	69,470	$8,159,946	4.01%
4.	Enterprise Products Partners L.p.	EPD	217,907	$8,010,261	3.93%
5.	Fastenal Co	FAST	157,269	$7,553,630	3.71%