Allied Investment Advisors 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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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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
3M CO	COM	88579Y101	269	1,278	SH		SOLE		1,278	0	0
ABBOTT LABS	COM	002824100	4,618	62,954	SH		SOLE		62,954	0	0
APPLE INC	COM	037833100	6,258	27,723	SH		SOLE		27,723	0	0
BANK AMER CORP	COM	060505104	284	9,630	SH		SOLE		9,630	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	640	2	SH		SOLE		2	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	433	2,021	SH		SOLE		2,021	0	0
BOEING CO	COM	097023105	299	803	SH		SOLE		803	0	0
CATERPILLAR INC DEL	COM	149123101	4,192	27,490	SH		SOLE		27,490	0	0
CHEVRON CORP NEW	COM	166764100	1,059	8,661	SH		SOLE		8,661	0	0
DEERE & CO	COM	244199105	2,973	19,779	SH		SOLE		19,779	0	0
DNP SELECT INCOME FD	COM	23325P104	214	19,294	SH		SOLE		19,294	0	0
EMERSON ELEC CO	COM	291011104	4,833	63,109	SH		SOLE		63,109	0	0
EXXON MOBIL CORP	COM	30231G102	4,231	49,767	SH		SOLE		49,767	0	0
FRANKLIN RES INC	COM	354613101	2,276	74,840	SH		SOLE		74,840	0	0
GENERAL MLS INC	COM	370334104	2,623	61,114	SH		SOLE		61,114	0	0
GLACIER BANCORP INC NEW	COM	37637Q105	400	9,274	SH		SOLE		9,274	0	0
HOME DEPOT INC	COM	437076102	676	3,265	SH		SOLE		3,265	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	3,912	25,872	SH		SOLE		25,872	0	0
INVESCO EXCHNG TRADED FD TR	S&P500 LOW VOL	46138E354	398	8,030	SH		SOLE		8,030	0	0
JOHNSON & JOHNSON	COM	478160104	5,265	38,108	SH		SOLE		38,108	0	0
JPMORGAN CHASE & CO	COM	46625H100	5,127	45,437	SH		SOLE		45,437	0	0
KIMBERLY CLARK CORP	COM	494368103	3,805	33,481	SH		SOLE		33,481	0	0
LOWES COS INC	COM	548661107	4,794	41,755	SH		SOLE		41,755	0	0
MEDTRONIC PLC	SHS	G5960L103	4,896	49,770	SH		SOLE		49,770	0	0
MICROSOFT CORP	COM	594918104	9,048	79,112	SH		SOLE		79,112	0	0
OASIS PETE INC NEW	COM	674215108	157	11,060	SH		SOLE		11,060	0	0
PEPSICO INC	COM	713448108	3,201	28,633	SH		SOLE		28,633	0	0
PROCTER AND GAMBLE CO	COM	742718109	4,147	49,830	SH		SOLE		49,830	0	0
PROSHARES TR	S&P 500 DV ARIST	74348A467	1,390	20,805	SH		SOLE		20,805	0	0
SM ENERGY CO	COM	78454L100	391	12,390	SH		SOLE		12,390	0	0
STARBUCKS CORP	COM	855244109	375	6,606	SH		SOLE		6,606	0	0
STATE STR CORP	COM	857477103	4,030	48,107	SH		SOLE		48,107	0	0
SYSCO CORP	COM	871829107	3,757	51,285	SH		SOLE		51,285	0	0
TARGET CORP	COM	87612E106	4,223	47,880	SH		SOLE		47,880	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	4,679	33,464	SH		SOLE		33,464	0	0
US BANCORP DEL	COM NEW	902973304	288	5,456	SH		SOLE		5,456	0	0
VANGUARD GROUP	DIV APP ETF	921908844	217	1,964	SH		SOLE		1,964	0	0
VANGUARD WORLD FDS	CONSUM STP ETF	92204A207	426	3,038	SH		SOLE		3,038	0	0
VANGUARD WORLD FDS	ENERGY ETF	92204A306	9,139	86,949	SH		SOLE		86,949	0	0
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	12,241	67,850	SH		SOLE		67,850	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	854	4,215	SH		SOLE		4,215	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	3,228	44,280	SH		SOLE		44,280	0	0
WALMART INC	COM	931142103	4,382	46,663	SH		SOLE		46,663	0	0
WELLS FARGO CO NEW	COM	949746101	3,954	75,231	SH		SOLE		75,231	0	0