White Pine Capital 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
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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
ISHARES 1-3 YEAR TREAS BOND ET	COM	464287457	3,527	41,930	SH		SOLE		3,900	0	38,030
ISHARES TIPS BOND ETF	COM	464287176	779	6,890	SH		SOLE		525	0	6,365
EATON VANCE SENIOR FLOATING-RA	COM	27828Q105	3,190	244,995	SH		SOLE		41,800	0	203,195
ISHARES FLOATING RATE BOND ETF	COM	46429B655	874	17,175	SH		SOLE		4,000	0	13,175
ISHARES IBOXX INV GRADE CORP B	COM	464287242	2,556	21,468	SH		SOLE		6,500	0	14,968
ISHARES INTERMEDIATE TR CORPOR	COM	464288638	2,976	53,970	SH		SOLE		5,560	0	48,410
ISHARES SHORT TERM CORPORATE B	COM	464288646	12,704	240,517	SH		SOLE		58,580	0	181,937
ISHARES SHORT TERM NATL AMT-FR	COM	464288158	740	6,985	SH		SOLE		0	0	6,985
ISHARES CORE TOTAL US BOND MKT	COM	464287226	586	5,370	SH		SOLE		1,750	0	3,620
INNOVATOR ETFS TR II S&P HIGH	PFD	45783G201	872	37,530	SH		SOLE		15,400	0	22,130
INVESCO PREFERRED PORTFOLIO	PFD	46138E511	692	47,700	SH		SOLE		5,500	0	42,200
ISHARES TR PFD AND INCOME SEC	PFD	464288687	1,891	51,733	SH		SOLE		6,525	0	45,208
3M CO	COM	88579Y101	33,262	160,083	SH		SOLE		154,601	0	5,482
ABBOTT LABS COM	COM	002824100	1,631	20,404	SH		SOLE		10,634	0	9,770
ABBVIE INC	COM	00287Y109	1,134	14,073	SH		SOLE		8,568	0	5,505
AEROVIRONMENT INC	COM	008073108	238	3,475	SH		SOLE		2,550	0	925
ALLIANT ENERGY CORP	COM	018802108	782	16,587	SH		SOLE		2,850	0	13,737
ALLIED MOTION TECHNOLOGIES	COM	019330109	735	21,365	SH		SOLE		15,950	0	5,415
ALLSTATE CORP COM	COM	020002101	833	8,850	SH		SOLE		3,800	0	5,050
ALPHABET INC CL A	COM	02079K305	1,499	1,274	SH		SOLE		636	0	638
ALPHABET INC CL C	COM	02079K107	1,155	984	SH		SOLE		593	0	391
AMAZON.COM INC	COM	023135106	1,555	873	SH		SOLE		395	0	478
AMBARELLA INC	COM	G037AX101	935	21,650	SH		SOLE		11,200	0	10,450
AMERICAN EAGLE OUTFITTERS	COM	02553E106	1,012	45,630	SH		SOLE		23,550	0	22,080
AMERICAN EXPRESS CO COM	COM	025816109	423	3,870	SH		SOLE		2,440	0	1,430
AMERICAN RIVER BANKSHRS (CA)	COM	029326105	186	14,300	SH		SOLE		11,000	0	3,300
APACHE CORP COM	COM	037411105	1,394	40,210	SH		SOLE		17,380	0	22,830
APPLE INC	COM	037833100	3,458	18,206	SH		SOLE		8,175	0	10,031
AQUA METALS INC	COM	03837J101	45	14,600	SH		SOLE		0	0	14,600
ARMSTRONG FLOORING	COM	04238R106	368	27,085	SH		SOLE		20,400	0	6,685
ASTRONICS CORP	COM	046433108	1,212	37,045	SH		SOLE		21,223	0	15,822
AT&T INC	COM	00206R102	1,697	54,127	SH		SOLE		20,152	0	33,975
AXT INC	COM	00246W103	589	132,400	SH		SOLE		92,300	0	40,100
BANK OF AMERICA CORP COM	COM	060505104	1,397	50,625	SH		SOLE		22,350	0	28,275
BAXTER INTERNATIONAL INC	COM	071813109	423	5,200	SH		SOLE		2,450	0	2,750
BB&T CORP	COM	054937107	323	6,950	SH		SOLE		3,000	0	3,950
BBX CAPITAL CORP	COM	05491N104	178	30,105	SH		SOLE		23,200	0	6,905
BERKSHIRE HATHAWAY INC CL B	COM	084670702	268	1,332	SH		SOLE		0	0	1,332
BLUE HILLS BANCORP INC	COM	095573101	656	27,430	SH		SOLE		19,275	0	8,155
BLUELINX HOLDINGS INC	COM	09624H208	436	16,375	SH		SOLE		10,500	0	5,875
BOEING CO COM	COM	097023105	1,032	2,705	SH		SOLE		1,380	0	1,325
BOINGO WIRELESS INC	COM	09739C102	2,849	122,360	SH		SOLE		84,750	0	37,610
BRISTOL MYERS SQUIBB COM	COM	110122108	1,357	28,448	SH		SOLE		12,659	0	15,789
C H ROBINSON WORLDWIDE COM	COM	12541W209	423	4,857	SH		SOLE		1,900	0	2,957
CALAVO GROWERS	COM	128246105	1,319	15,730	SH		SOLE		10,650	0	5,080
CAPSTONE TURBIN	COM	14067D409	11	12,000	SH		SOLE		0	0	12,000
CARBONITE INC	COM	141337105	807	32,545	SH		SOLE		19,825	0	12,720
CARDIOVASCULAR SYSTEMS INC	COM	141619106	835	21,610	SH		SOLE		12,800	0	8,810
CECO ENVIRONMENTAL CORP	COM	125141101	1,557	216,210	SH		SOLE		154,400	0	61,810
CHEVRON CORPORATION	COM	166764100	3,487	28,309	SH		SOLE		9,573	0	18,736
CHRISTOPHER & BANKS CORP	COM	171046105	402	1,179,095	SH		SOLE		765,300	0	413,795
CIENA CORP	COM	171779309	502	13,445	SH		SOLE		7,650	0	5,795
CISCO SYS INC COM	COM	17275R102	1,898	35,150	SH		SOLE		33,050	0	2,100
CITIGROUP INC COM	COM	172967424	908	14,599	SH		SOLE		6,525	0	8,074
CITY OFFICE REIT INC	COM	178587101	882	77,965	SH		SOLE		45,300	0	32,665
CODEXIS INC	COM	192005106	1,043	50,780	SH		SOLE		36,900	0	13,880
COLGATE-PALMOLIVE CO	COM	194162103	343	5,010	SH		SOLE		3,000	0	2,010
CONOCOPHILLIPS	COM	20825C104	443	6,640	SH		SOLE		1,600	0	5,040
CONTRAFECT CORP	COM	212326102	361	907,430	SH		SOLE		676,225	0	231,205
COSTCO WHOLESALE CORP	COM	22160K105	213	880	SH		SOLE		530	0	350
CSX CORP COM	COM	126408103	225	3,008	SH		SOLE		935	0	2,073
CUI GLOBAL INC	COM	126576206	866	733,493	SH		SOLE		463,402	0	270,091
CVS HEALTH CORPORATION	COM	126650100	645	11,965	SH		SOLE		6,332	0	5,633
CYBEROPTICS CORP COM	COM	232517102	1,119	65,455	SH		SOLE		33,000	0	32,455
CYREN LTD	COM	M26895108	1,124	517,800	SH		SOLE		380,750	0	137,050
DARLING INGREDIENTS INC	COM	237266101	577	26,645	SH		SOLE		12,550	0	14,095
DESTINATION XL GROUP INC	COM	25065K104	37	14,900	SH		SOLE		5,500	0	9,400
DIGI INTL INC COM	COM	253798102	743	58,670	SH		SOLE		40,500	0	18,170
DIGITAL TURBINE INC	COM	25400W102	260	74,300	SH		SOLE		17,500	0	56,800
DISNEY WALT CO COM	COM	254687106	829	7,466	SH		SOLE		4,078	0	3,388
DIVERSIFIED RESTAURANT HOLDING	COM	25532M105	536	584,000	SH		SOLE		424,100	0	159,900
DONALDSON INC COM	COM	257651109	1,682	33,600	SH		SOLE		12,920	0	20,680
DOWDUPONT INC COM	COM	26078J100	240	4,499	SH		SOLE		1,112	0	3,387
DR HORTON INC	COM	23331A109	204	4,940	SH		SOLE		300	0	4,640
EBAY INC	COM	278642103	510	13,730	SH		SOLE		8,175	0	5,555
ECOLAB INC	COM	278865100	1,939	10,982	SH		SOLE		4,753	0	6,229
EHEALTH INC	COM	28238P109	3,974	63,745	SH		SOLE		43,150	0	20,595
ELECTROMED INC	COM	285409108	467	90,765	SH		SOLE		67,300	0	23,465
EMERSON ELEC CO COM	COM	291011104	1,072	15,651	SH		SOLE		7,050	0	8,601
ENTEGRIS INC (DE)	COM	29362U104	357	10,000	SH		SOLE		4,100	0	5,900
EOG RES INC COM	COM	26875P101	990	10,404	SH		SOLE		5,370	0	5,034
EQUINIX INC COM NEW	COM	29444U700	1,925	4,248	SH		SOLE		2,217	0	2,031
EXFO INC	COM	302046107	1,674	454,815	SH		SOLE		319,625	0	135,190
EXXON MOBIL CORP COM	COM	30231G102	2,713	33,580	SH		SOLE		14,470	0	19,110
FARMER BROS CO	COM	307675108	908	45,370	SH		SOLE		32,350	0	13,020
FERRO CORP	COM	315405100	834	44,035	SH		SOLE		24,375	0	19,660
FIDELITY NATIONAL INFORMATION	COM	31620M106	338	2,992	SH		SOLE		2,992	0	0
FITBIT INC	COM	33812L102	1,237	208,970	SH		SOLE		133,150	0	75,820
FULL HOUSE RESORTS INC	COM	359678109	532	263,605	SH		SOLE		202,460	0	61,145
GENERAL DYNAMICS CO	COM	369550108	461	2,723	SH		SOLE		800	0	1,923
GENERAL ELEC CO COM	COM	369604103	941	94,186	SH		SOLE		46,010	0	48,176
GENERAL MILLS INC	COM	370334104	1,440	27,820	SH		SOLE		14,550	0	13,270
GENESCO INC	COM	371532102	687	15,090	SH		SOLE		10,400	0	4,690
GENTHERM INC	COM	37253A103	239	6,480	SH		SOLE		2,200	0	4,280
GTY GOVTECH INC	COM	362409104	1,512	171,775	SH		SOLE		126,375	0	45,400
HARMONIC INC	COM	413160102	849	156,600	SH		SOLE		108,700	0	47,900
HARVARD BIOSCIENCE INC	COM	416906105	67	15,500	SH		SOLE		9,900	0	5,600
HEALTH INSURANCE INNOVATIONS I	COM	42225K106	1,048	39,065	SH		SOLE		27,700	0	11,365
HOME DEPOT INC COM	COM	437076102	226	1,178	SH		SOLE		0	0	1,178
HOME TRUST BANCSHARES INC	COM	437872104	1,130	44,855	SH		SOLE		33,100	0	11,755
HONEYWELL INTL INC COM	COM	438516106	2,141	13,471	SH		SOLE		4,508	0	8,963
HORMEL FOODS CORP COM	COM	440452100	2,890	64,561	SH		SOLE		23,709	0	40,852
ILLINOIS TOOL WKS INC COM	COM	452308109	721	5,020	SH		SOLE		1,900	0	3,120
IMAGE SENSING SYSTEMS	COM	45244C104	52	10,200	SH		SOLE		0	0	10,200
INFUSYSTEM HOLDINGS INC	COM	45685K102	2,010	401,250	SH		SOLE		278,700	0	122,550
INNODATA INC	COM	457642205	23	18,500	SH		SOLE		0	0	18,500
INSTEEL INDUSTRIES	COM	45774W108	372	17,800	SH		SOLE		13,800	0	4,000
INTEL CORP COM	COM	458140100	2,601	48,433	SH		SOLE		21,845	0	26,588
INTERNATIONAL BUS MACH COM	COM	459200101	512	3,626	SH		SOLE		2,575	0	1,051
INTL FLAVORS & FRAGRANCES	COM	459506101	410	3,182	SH		SOLE		1,425	0	1,757
IT TECH PACKAGING INC	COM	46527C100	10	10,000	SH		SOLE		0	0	10,000
JOHNSON & JOHNSON COM	COM	478160104	5,106	36,527	SH		SOLE		13,316	0	23,211
JPMORGAN CHASE & CO	COM	46625H100	1,185	11,705	SH		SOLE		4,735	0	6,970
KEARNY FINANCIAL CORP	COM	48716P108	1,874	145,617	SH		SOLE		90,971	0	54,646
KEYCORP NEW COM	COM	493267108	1,061	67,335	SH		SOLE		27,585	0	39,750
KIMBERLY CLARK CORP COM	COM	494368103	237	1,912	SH		SOLE		562	0	1,350
KIRKLANDS INC	COM	497498105	1,159	164,900	SH		SOLE		103,600	0	61,300
KVH INDS INC	COM	482738101	401	39,400	SH		SOLE		28,200	0	11,200
LATTICE SEMICONDUCTOR CORP	COM	518415104	562	47,150	SH		SOLE		35,000	0	12,150
LGI HOMES INC	COM	50187T106	1,596	26,490	SH		SOLE		15,725	0	10,765
LIQTECH INTERNATIONAL	COM	53632A201	60	28,000	SH		SOLE		0	0	28,000
LUMENTUM HOLDINGS INC	COM	55024U109	588	10,405	SH		SOLE		7,050	0	3,355
MACOM TECHNOLOGY SOLUTIONS HLD	COM	55405Y100	927	55,505	SH		SOLE		40,400	0	15,105
MARATHON PETROLEUM CORP	COM	56585A102	223	3,720	SH		SOLE		1,320	0	2,400
MCDONALDS CORP COM	COM	580135101	979	5,155	SH		SOLE		890	0	4,265
MEDTRONIC PLC	COM	G5960L103	219	2,406	SH		SOLE		1,043	0	1,363
MERCK & CO INC (NEW)	COM	58933Y105	3,271	39,329	SH		SOLE		14,970	0	24,359
MERIDIAN BANCORP	COM	58958U103	852	54,287	SH		SOLE		35,400	0	18,887
MGE ENERGY INC	COM	55277P104	226	3,330	SH		SOLE		2,330	0	1,000
MICROSOFT CORP COM	COM	594918104	5,993	50,817	SH		SOLE		20,918	0	29,899
MITCHAM INDUSTRIES	COM	606501104	1,257	319,945	SH		SOLE		201,100	0	118,845
MITEK SYSTEMS INC	COM	606710200	2,699	220,499	SH		SOLE		113,150	0	107,349
MORGAN STANLEY	COM	617446448	739	17,500	SH		SOLE		6,450	0	11,050
NAPCO SECURITY TECHNOLOGIES IN	COM	630402105	2,442	117,755	SH		SOLE		79,700	0	38,055
NAUTILUS INC	COM	63910B102	545	97,940	SH		SOLE		58,850	0	39,090
NEOGENOMICS INC	COM	64049M209	690	33,730	SH		SOLE		24,400	0	9,330
NEOPHOTONICS CORP	COM	64051T100	1,903	302,560	SH		SOLE		176,050	0	126,510
NEPTUNE WELLNESS SOLUTIONS INC	COM	64079L105	84	26,382	SH		SOLE		18,000	0	8,382
NEXTERA ENERGY INC	COM	65339F101	646	3,344	SH		SOLE		1,050	0	2,294
NIKE INC CL B	COM	654106103	253	3,010	SH		SOLE		0	0	3,010
NOKIA CORP -SPON ADR	COM	654902204	64	11,150	SH		SOLE		0	0	11,150
NORDSTROM INC	COM	655664100	894	20,140	SH		SOLE		9,900	0	10,240
NORTHERN OIL & GAS INC	COM	665531109	782	285,315	SH		SOLE		225,800	0	59,515
NORTHERN TECH INTL CORP	COM	665809109	372	13,900	SH		SOLE		7,700	0	6,200
O2MICRO INTERNATIONAL LTD	COM	67107W100	1,525	891,915	SH		SOLE		566,065	0	325,850
OMNOVA SOLUTIONS	COM	682129101	1,137	161,975	SH		SOLE		113,675	0	48,300
ONEOK INC	COM	682680103	448	6,415	SH		SOLE		2,265	0	4,150
ORACLE CORPORATION	COM	68389x105	282	5,254	SH		SOLE		5,154	0	100
OREILLY AUTOMOTIVE INC NEW	COM	67103H107	369	950	SH		SOLE		400	0	550
OSHKOSH CORPORATION	COM	688239201	439	5,845	SH		SOLE		3,850	0	1,995
PAYPAL HOLDINGS INC	COM	70450Y103	1,473	14,185	SH		SOLE		7,875	0	6,310
PEPSICO INC COM	COM	713448108	2,397	19,563	SH		SOLE		7,670	0	11,893
PERFICIENT	COM	71375U101	608	22,215	SH		SOLE		12,400	0	9,815
PFIZER INC COM	COM	717081103	550	12,944	SH		SOLE		5,347	0	7,597
PFSWEB INC	COM	717098206	708	135,870	SH		SOLE		97,700	0	38,170
PIXELWORKS INC	COM	72581M305	750	191,310	SH		SOLE		132,500	0	58,810
PNC FINANCIAL SERVICES GROUP I	COM	693475105	803	6,550	SH		SOLE		2,300	0	4,250
POST HOLDINGS INC	COM	737446104	785	7,175	SH		SOLE		2,575	0	4,600
PPG INDS INC COM	COM	693506107	270	2,390	SH		SOLE		1,800	0	590
PRIMO WATER CORP	COM	74165N105	2,876	186,010	SH		SOLE		127,350	0	58,660
PROCTER & GAMBLE CO	COM	742718109	1,242	11,939	SH		SOLE		5,600	0	6,339
RADNET INC	COM	750491102	616	49,715	SH		SOLE		36,700	0	13,015
RAYMOND JAMES FINANCIAL	COM	754730109	1,086	13,505	SH		SOLE		6,580	0	6,925
READING INTL CL A	COM	755408101	2,092	131,105	SH		SOLE		94,400	0	36,705
RED LION HOTELS CORP	COM	756764106	780	96,565	SH		SOLE		69,000	0	27,565
REGIS CORP	COM	758932107	2,464	125,290	SH		SOLE		89,700	0	35,590
SCHLUMBERGER LTD COM	COM	806857108	231	5,293	SH		SOLE		1,760	0	3,533
SKYWORKS SOLUTIONS INC	COM	83088M102	1,629	19,753	SH		SOLE		12,168	0	7,585
STERLING CONSTRUCTION CO INC	COM	859241101	511	40,830	SH		SOLE		29,800	0	11,030
STRYKER CORP	COM	863667101	237	1,200	SH		SOLE		1,000	0	200
SUNOPTA INC	COM	8676EP108	117	33,765	SH		SOLE		26,500	0	7,265
SUPERNUS PHARMACEUTICALS INC	COM	868459108	755	21,535	SH		SOLE		16,075	0	5,460
SVB FINANCIAL GROUP	COM	78486Q101	1,183	5,322	SH		SOLE		2,683	0	2,639
TARGET CORP	COM	87612E106	2,284	28,463	SH		SOLE		11,060	0	17,403
TCF FINL CORP COM	COM	872275102	238	11,482	SH		SOLE		6,598	0	4,884
TELUS CORPORATION	COM	87971M103	565	15,250	SH		SOLE		5,800	0	9,450
TENNANT CO	COM	880345103	661	10,640	SH		SOLE		2,150	0	8,490
THE JOINT CORP	COM	47973J102	884	56,100	SH		SOLE		32,800	0	23,300
TRAVELERS COMPANIES INC	COM	89417E109	2,644	19,278	SH		SOLE		4,178	0	15,100
TRI POINTE GROUP INC	COM	87265H109	298	23,574	SH		SOLE		12,195	0	11,379
TRINITY BIOTECH PLC ADR	COM	896438306	230	80,855	SH		SOLE		59,700	0	21,155
TTEC HLDGS INC	COM	89854H102	653	18,020	SH		SOLE		11,300	0	6,720
UMPQUA HOLDINGS INC	COM	904214103	244	14,800	SH		SOLE		4,250	0	10,550
UNITED TECHNOLOGIES CP COM	COM	913017109	823	6,385	SH		SOLE		2,950	0	3,435
UNIVERSAL TECHNICAL INSTITUTE	COM	913915104	300	87,864	SH		SOLE		65,063	0	22,801
US BANCORP	COM	902973304	963	19,993	SH		SOLE		8,994	0	10,999
US SILICA HOLDINGS INC	COM	90346E103	495	28,490	SH		SOLE		20,500	0	7,990
VERIZON COMMUNICATIONS	COM	92343V104	2,198	37,172	SH		SOLE		14,353	0	22,819
VIEWRAY INC	COM	92672L107	167	22,600	SH		SOLE		6,200	0	16,400
VISA INC CLASS A	COM	92826C839	3,157	20,211	SH		SOLE		7,921	0	12,290
VOCERA COMMUNICATIONS INC	COM	92857F107	1,769	55,935	SH		SOLE		44,975	0	10,960
WABTEC CORP	COM	929740108	504	6,831	SH		SOLE		2,430	0	4,401
WALGREEN BOOTS ALLIANCE INC	COM	931427108	323	5,100	SH		SOLE		1,700	0	3,400
WALMART INC	COM	931142103	1,044	10,707	SH		SOLE		2,345	0	8,362
WEC ENERGY GROUP INC	COM	92939U106	285	3,608	SH		SOLE		907	0	2,701
WELLS FARGO & COMPANY	COM	949746101	828	17,143	SH		SOLE		10,170	0	6,973
WESTROCK CO	COM	96145D105	217	5,670	SH		SOLE		3,003	0	2,667
WEYERHAEUSER CO COM	COM	962166104	365	13,869	SH		SOLE		7,250	0	6,619
WINMARK CORP	COM	974250102	601	3,186	SH		SOLE		1,050	0	2,136
WSFS FINANCIAL CORP	COM	929328102	384	9,936	SH		SOLE		6,703	0	3,233
XCEL ENERGY INC	COM	98389B100	1,483	26,389	SH		SOLE		7,200	0	19,189
YUM! BRANDS INC	COM	988498101	208	2,080	SH		SOLE		1,000	0	1,080
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	412	3,225	SH		SOLE		1,250	0	1,975
FINANCIAL SELECT SECTOR SPDR F	COM	81369Y605	280	10,900	SH		SOLE		0	0	10,900
INVESCO QQQ TRUST UNIT SER 1	COM	46090E103	368	2,049	SH		SOLE		5	0	2,044
ISHARES CORE HIGH DIVIDEND ETF	COM	46429B663	401	4,302	SH		SOLE		0	0	4,302
ISHARES CORE S&P 500 INDEX FUN	COM	464287200	1,604	5,637	SH		SOLE		0	0	5,637
ISHARES CORE S&P SMALLCAP ETF	COM	464287804	379	4,914	SH		SOLE		260	0	4,654
ISHARES CORE S&P US VALUE ETF	COM	464287663	812	14,805	SH		SOLE		250	0	14,555
ISHARES RUSSELL 2000 ETF	COM	464287655	780	5,096	SH		SOLE		1,235	0	3,861
ISHARES RUSSELL MID-CAP GROWTH	COM	464287481	297	2,186	SH		SOLE		0	0	2,186
ISHARES RUSSELL MIDCAP ETF	COM	464287499	891	16,520	SH		SOLE		920	0	15,600
ISHARES S&P 500 VALUE ETF	COM	464287408	412	3,655	SH		SOLE		920	0	2,735
SPDR S&P 500 ETF TRUST	COM	78462F103	3,208	11,356	SH		SOLE		1,000	0	10,356
SPDR S&P DIVIDEND ETF	COM	78464A763	1,249	12,560	SH		SOLE		0	0	12,560
SPDR S&P MIDCAP 400 ETF TRUST	COM	78467Y107	662	1,917	SH		SOLE		0	0	1,917
UTILITIES SELECT SECTOR SPDR E	COM	81369Y886	358	6,150	SH		SOLE		0	0	6,150
ISHARES CURRENCY HEDGED MSCI E	COM	46434V803	215	7,455	SH		SOLE		0	0	7,455
ISHARES MSCI EAFE ETF	COM	464287465	2,573	39,664	SH		SOLE		8,565	0	31,099
ISHARES MSCI EMERGING MKTS IND	COM	464287234	376	8,760	SH		SOLE		988	0	7,772
ISHARES MSCI EUROZONE ETF	COM	464286608	341	8,825	SH		SOLE		3,300	0	5,525
ISHARES MSCI INDIA ETF	COM	46429B598	248	7,030	SH		SOLE		1,850	0	5,180
SPDR S&P EMERGING MKT SM CAP E	COM	78463X756	616	13,815	SH		SOLE		5,900	0	7,915
VANGUARD FTSE EMERGING MARKETS	COM	922042858	1,023	24,070	SH		SOLE		6,350	0	17,720
SPDR GOLD TRUST FUND	GOLD	78463V107	1,928	15,801	SH		SOLE		4,935	0	10,866
SPROTT PHYSICAL GOLD TRUST	GOLD	85207H104	398	38,060	SH		SOLE		10,500	0	27,560