Instuitional Investor - Paragon Capital Management Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	122,014	$11,280,191	8.82%
2.	Ishares Tr		97,330	$10,717,039	8.37%
3.	Spdr Ser Tr		84,520	$7,727,664	6.04%
4.	Janus Detroit Str Tr		114,508	$5,806,701	4.54%
5.	Ishares Tr		197,094	$4,529,219	3.54%