Instuitional Investor - Paragon Capital Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Microsoft Corp	MSFT	40,986	$20,386,972	10.47%
2.	Ishares Trust	IEF	59,397	$20,169,530	10.36%
3.	Apple Inc.	AAPL	86,540	$17,755,577	9.12%
4.	Costco Wholesale Corp W	COST	16,953	$16,782,695	8.62%
5.	Caseys General Stores Inc	CASY	24,957	$12,735,103	6.54%