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Instuitional Investor - Paragon Capital Management Ltd

Filing Period:
No. Security Ticker Shares Value (x$1000) % Port
Vanguard Specialized Funds
488,152 $49,806 19.64%
Powershares Exchange Traded Fund Trust
1,317,428 $40,116 15.82%
Proshares Tr
196,557 $12,588 4.96%
4. SPY 45,851 $12,236 4.82%
Rydex Etf Trust
165,425 $10,966 4.32%