Spinnaker Trust 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
AFLAC Inc	Com	001055102	479	6,610	SH		SOLE	0	6,610	0	0
AT&T Inc	Com	00206R102	4,383	105,479	SH		SOLE	0	105,479	0	0
Abbott Laboratories	Com	002824100	1,220	27,466	SH		SOLE	0	27,466	0	0
AbbVie Inc.	Com	00287Y109	212	3,256	SH		SOLE	0	3,256	0	0
Air Prods & Chems Inc	Com	009158106	415	3,070	SH		SOLE	0	3,070	0	0
Alphabet Inc Cl C	Com	02079K107	4,008	4,832	SH		SOLE	0	4,832	0	0
Alphabet Inc CL A	Com	02079K305	1,154	1,361	SH		SOLE	0	1,361	0	0
Altria Group Inc	Com	02209S103	1,687	23,620	SH		SOLE	0	23,620	0	0
Amazon Com Inc	Com	023135106	265	299	SH		SOLE	0	299	0	0
American Express Co	Com	025816109	367	4,636	SH		SOLE	0	4,636	0	0
American Tower Reit Com	Com	03027X100	201	1,656	SH		SOLE	0	1,656	0	0
Amgen Inc	Com	031162100	1,468	8,949	SH		SOLE	0	8,949	0	0
Anadarko Pete Corp	Com	032511107	443	7,143	SH		SOLE	0	7,143	0	0
Anheuser Busch Inbev Sa Nv	Com	03524A108	1,120	10,201	SH		SOLE	0	10,201	0	0
Anthem, Inc.	Com	036752103	2,648	16,009	SH		SOLE	0	16,009	0	0
Apollo Comercial Real Estate	Com	03762U105	228	12,100	SH		SOLE	0	12,100	0	0
Apple Computer Inc	Com	037833100	6,644	46,249	SH		SOLE	0	46,249	0	0
Aqua America Inc	Com	03836W103	629	19,560	SH		SOLE	0	19,560	0	0
Ashland Global Hldgs Inc Com	Com	044186104	248	2,000	SH		SOLE	0	2,000	0	0
Automatic Data Processing Inc	Com	053015103	1,360	13,279	SH		SOLE	0	13,279	0	0
AvalonBay Communities Inc	Com	053484101	569	3,100	SH		SOLE	0	3,100	0	0
Bank Of America Corporation	Com	060505104	328	13,915	SH		SOLE	0	13,915	0	0
Bank of New York Mellon Corp	Com	064058100	283	6,001	SH		SOLE	0	6,001	0	0
Becton Dickinson and Company	Com	075887109	895	4,880	SH		SOLE	0	4,880	0	0
Berkshire Hathaway Inc	Com	084670108	750	3	SH		SOLE	0	3	0	0
Berkshire Hathaway Inc - CL B	Com	084670702	4,038	24,227	SH		SOLE	0	24,227	0	0
Boeing Co	Com	097023105	287	1,620	SH		SOLE	0	1,620	0	0
Bristol Myers Squibb Co	Com	110122108	2,925	53,795	SH		SOLE	0	53,795	0	0
CDK Global, Inc.	Com	12508E101	205	3,147	SH		SOLE	0	3,147	0	0
CVS/Caremark Corp	Com	126650100	3,314	42,216	SH		SOLE	0	42,216	0	0
Cable ONE, Inc.	Com	12685J105	343	550	SH		SOLE	0	550	0	0
Capital One Financial Corp	Com	14040H105	2,701	31,163	SH		SOLE	0	31,163	0	0
Caterpillar Inc Del	Com	149123101	1,788	19,273	SH		SOLE	0	19,273	0	0
Celgene Corp	Com	151020104	1,940	15,593	SH		SOLE	0	15,593	0	0
Chevron Corporation	Com	166764100	2,713	25,270	SH		SOLE	0	25,270	0	0
Church & Dwight Inc	Com	171340102	2,618	52,500	SH		SOLE	0	52,500	0	0
Cisco Systems Inc	Com	17275R102	5,209	154,103	SH		SOLE	0	154,103	0	0
Guggenheim Bullet Shares 2019	Com	18383M522	274	12,923	SH		SOLE	0	12,923	0	0
Guggenheim Bulletshares 2018	Com	18383M530	375	17,668	SH		SOLE	0	17,668	0	0
Guggenheim Bulletshares 2017	Com	18383M548	254	11,226	SH		SOLE	0	11,226	0	0
Coca Cola Co	Com	191216100	721	16,989	SH		SOLE	0	16,989	0	0
Colgate Palmolive Co	Com	194162103	548	7,481	SH		SOLE	0	7,481	0	0
Comcast Corp New Cl A	Com	20030N101	3,231	85,952	SH		SOLE	0	85,952	0	0
ConocoPhillips	Com	20825C104	294	5,898	SH		SOLE	0	5,898	0	0
Consolidated Edison Inc	Com	209115104	634	8,162	SH		SOLE	0	8,162	0	0
Constellation Brands Inc - Class A	Com	21036P108	2,594	16,006	SH		SOLE	0	16,006	0	0
Costco Wholesale Corp	Com	22160K105	253	1,510	SH		SOLE	0	1,510	0	0
Crown Castle International Corp.	Com	22822V101	2,894	30,638	SH		SOLE	0	30,638	0	0
Cummins Inc	Com	231021106	373	2,470	SH		SOLE	0	2,470	0	0
The Walt Disney Company	Com	254687106	891	7,861	SH		SOLE	0	7,861	0	0
Dominion Resources Inc Va	Com	25746U109	406	5,229	SH		SOLE	0	5,229	0	0
Dow Chem Co	Com	260543103	825	12,985	SH		SOLE	0	12,985	0	0
Du Pont (E I) de Nemours and Company	Com	263534109	3,414	42,496	SH		SOLE	0	42,496	0	0
Duke Energy Corp New Com	Com	26441C204	376	4,580	SH		SOLE	0	4,580	0	0
EOG Res Inc	Com	26875P101	2,192	22,468	SH		SOLE	0	22,468	0	0
Eaton Vance Tax-Managed (MFC)	Com	27828X100	215	13,200	SH		SOLE	0	13,200	0	0
Emerson Elec Co	Com	291011104	1,107	18,495	SH		SOLE	0	18,495	0	0
Equifax Inc	Com	294429105	738	5,400	SH		SOLE	0	5,400	0	0
Equity Residential	Com	29476L107	728	11,700	SH		SOLE	0	11,700	0	0
Expedia Inc	Com	30212P303	2,099	16,640	SH		SOLE	0	16,640	0	0
Exxon Mobil Corp	Com	30231G102	7,057	86,050	SH		SOLE	0	86,050	0	0
Fedex Corp	Com	31428X106	2,604	13,346	SH		SOLE	0	13,346	0	0
Fidelity MSCI Consumer Discret ETF	Com	316092204	4,564	131,592	SH		SOLE	0	131,592	0	0
Fidelity MSCI Consumer Staples Index ETF	Com	316092303	2,971	90,401	SH		SOLE	0	90,401	0	0
Fidelity MSCI Energy Index ETF	Com	316092402	9,993	509,051	SH		SOLE	0	509,051	0	0
Fidelity MSCI Financials Index	Com	316092501	6,027	171,458	SH		SOLE	0	171,458	0	0
Fidelity MSCI Industrials Index ETF	Com	316092709	3,380	100,688	SH		SOLE	0	100,688	0	0
Fidelity MSCI Information Technology Index	Com	316092808	8,972	218,024	SH		SOLE	0	218,024	0	0
Fidelity MSCI Real Estate Index ETF	Com	316092857	630	26,391	SH		SOLE	0	26,391	0	0
Fidelity MSCI Materials Index ETF	Com	316092881	594	19,448	SH		SOLE	0	19,448	0	0
Fidelity Total Bond ETF	Com	316188309	1,507	30,237	SH		SOLE	0	30,237	0	0
First Trust Nasdaq ABA CBIF	Com	33736Q104	444	8,765	SH		SOLE	0	8,765	0	0
First Trust North Amer Engy InfrasETF	Com	33738D101	1,332	52,639	SH		SOLE	0	52,639	0	0
First Trust Preferred Securities & Income ETF	Com	33739E108	1,545	79,167	SH		SOLE	0	79,167	0	0
Fiserv Inc	Com	337738108	399	3,456	SH		SOLE	0	3,456	0	0
Franklin STR PPTYS Corp Com	Com	35471R106	124	10,248	SH		SOLE	0	10,248	0	0
General Dynamics Corp	Com	369550108	583	3,116	SH		SOLE	0	3,116	0	0
General Elec Co	Com	369604103	5,802	194,709	SH		SOLE	0	194,709	0	0
General Mills Inc	Com	370334104	830	14,058	SH		SOLE	0	14,058	0	0
Glaxosmithkline PLC Sponsored ADR	Com	37733W105	227	5,395	SH		SOLE	0	5,395	0	0
Goldman Sachs Group Inc	Com	38141G104	329	1,433	SH		SOLE	0	1,433	0	0
GreenGro Technologies, Inc.	Com	39526G107	1	10,000	SH		SOLE	0	10,000	0	0
Harris Corp	Com	413875105	408	3,666	SH		SOLE	0	3,666	0	0
Hawaiian Electric Industries	Com	419870100	323	9,709	SH		SOLE	0	9,709	0	0
Home Depot Inc	Com	437076102	1,705	11,610	SH		SOLE	0	11,610	0	0
Honeywell International Inc	Com	438516106	894	7,156	SH		SOLE	0	7,156	0	0
Idexx Laboratories Inc.	Com	45168D104	696	4,500	SH		SOLE	0	4,500	0	0
Illinois Tool Works Inc	Com	452308109	600	4,531	SH		SOLE	0	4,531	0	0
IQ Hedge Multi-Strategy Tracker ETF	Com	45409B107	16,541	568,609	SH		SOLE	0	568,609	0	0
Intel Corp	Com	458140100	3,824	106,018	SH		SOLE	0	106,018	0	0
International Business Machines Corp	Com	459200101	2,933	16,843	SH		SOLE	0	16,843	0	0
iShares S&P 500 Index	Com	464287200	254	1,071	SH		SOLE	0	1,071	0	0
iShares Barclays Aggregate Bond Fund	Com	464287226	201	1,855	SH		SOLE	0	1,855	0	0
iShares iBoxx $ Investment Grade Corp Bond	Com	464287242	368	3,120	SH		SOLE	0	3,120	0	0
iShares Tr MSCI EAFE Index Fund	Com	464287465	296	4,748	SH		SOLE	0	4,748	0	0
iShares S & P MidCap 400 Index Fund	Com	464287507	711	4,153	SH		SOLE	0	4,153	0	0
iShares Dow Jones US Consumer Services	Com	464287580	1,015	6,307	SH		SOLE	0	6,307	0	0
iShares Russell 1000 Value Index Fund	Com	464287598	1,180	10,262	SH		SOLE	0	10,262	0	0
iShares Russell 1000 Growth Index Fund	Com	464287614	405	3,563	SH		SOLE	0	3,563	0	0
iShares Tr Russell 2000 Index Fund	Com	464287655	737	5,360	SH		SOLE	0	5,360	0	0
iShares S&P SmallCap 600 Index	Com	464287804	2,407	34,808	SH		SOLE	0	34,808	0	0
iShares MSCI All Country Asia ex Japan Index	Com	464288182	1,700	27,017	SH		SOLE	0	27,017	0	0
iShares Global Clean Energy	Com	464288224	835	97,505	SH		SOLE	0	97,505	0	0
iShares National Amtfree Muni	Com	464288414	1,816	16,666	SH		SOLE	0	16,666	0	0
iShares Barclays 1-3 Year Credit Bond	Com	464288646	300	2,855	SH		SOLE	0	2,855	0	0
iShares Dow Jones US Medical Devices Index Fd	Com	464288810	356	2,354	SH		SOLE	0	2,354	0	0
iShares Dow Jones US Pharmaceuticals	Com	464288836	8,953	59,315	SH		SOLE	0	59,315	0	0
iShares MSCI India	Com	46429B598	10,204	324,100	SH		SOLE	0	324,100	0	0
iShares Edge MSCI Min Vol EAFE ETF	Com	46429B689	3,189	48,320	SH		SOLE	0	48,320	0	0
iShares Short Maturity Bond	Com	46431W507	11,148	221,853	SH		SOLE	0	221,853	0	0
iShares Core MSCI EAFE	Com	46432F842	42,052	725,661	SH		SOLE	0	725,661	0	0
iShares MSCI ACWI Low Carbon	Com	46434V464	330	3,155	SH		SOLE	0	3,155	0	0
JPMorgan Chase & Co	Com	46625H100	1,463	16,657	SH		SOLE	0	16,657	0	0
Johnson & Johnson	Com	478160104	9,447	75,853	SH		SOLE	0	75,853	0	0
Kellogg Co	Com	487836108	462	6,362	SH		SOLE	0	6,362	0	0
Kimberly Clark Corp	Com	494368103	1,210	9,194	SH		SOLE	0	9,194	0	0
Kraft Heinz Co	Com	500754106	235	2,583	SH		SOLE	0	2,583	0	0
Eli Lilly & Co	Com	532457108	226	2,690	SH		SOLE	0	2,690	0	0
Lockheed Martin Corp	Com	539830109	218	815	SH		SOLE	0	815	0	0
Lowes Cos Inc	Com	548661107	2,624	31,919	SH		SOLE	0	31,919	0	0
Mastercard Inc CL A	Com	57636Q104	765	6,800	SH		SOLE	0	6,800	0	0
McDonalds Corp	Com	580135101	1,630	12,577	SH		SOLE	0	12,577	0	0
Merck & Co Inc New Com	Com	58933Y105	2,045	32,182	SH		SOLE	0	32,182	0	0
Microsoft Corp	Com	594918104	7,422	112,701	SH		SOLE	0	112,701	0	0
Mondelez International, Inc.	Com	609207105	212	4,910	SH		SOLE	0	4,910	0	0
Nestle S A Sponsored ADR	Com	641069406	3,225	42,001	SH		SOLE	0	42,001	0	0
New Market Corporation	Com	651587107	285	629	SH		SOLE	0	629	0	0
Nike Inc Cl B	Com	654106103	2,702	48,486	SH		SOLE	0	48,486	0	0
Novartis AG ADR	Com	66987V109	219	2,947	SH		SOLE	0	2,947	0	0
Occidental Petroleum Corp Del	Com	674599105	2,572	40,595	SH		SOLE	0	40,595	0	0
Oracle Corp	Com	68389X105	452	10,143	SH		SOLE	0	10,143	0	0
PNC Financial Services Group	Com	693475105	240	2,000	SH		SOLE	0	2,000	0	0
Pembina Pipeline Corp	Com	706327103	396	12,500	SH		SOLE	0	12,500	0	0
Pepsico Inc	Com	713448108	2,693	24,077	SH		SOLE	0	24,077	0	0
Pfizer Inc	Com	717081103	2,118	61,910	SH		SOLE	0	61,910	0	0
Philip Morris International Inc	Com	718172109	2,165	19,176	SH		SOLE	0	19,176	0	0
Phillips 66	Com	718546104	331	4,178	SH		SOLE	0	4,178	0	0
Polaris Inds Inc	Com	731068102	438	5,226	SH		SOLE	0	5,226	0	0
PowerShares QQQ Tr Unit Ser 1 ETF	Com	73935A104	562	4,242	SH		SOLE	0	4,242	0	0
PowerShares S&P SmallCap Information Tech	Com	73937B860	748	10,250	SH		SOLE	0	10,250	0	0
Praxair Inc	Com	74005P104	274	2,314	SH		SOLE	0	2,314	0	0
Procter & Gamble Co	Com	742718109	4,002	44,544	SH		SOLE	0	44,544	0	0
ProShares Credit Suisse 130/30	Com	74347R248	1,975	33,821	SH		SOLE	0	33,821	0	0
Public Storage Inc	Com	74460D109	361	1,650	SH		SOLE	0	1,650	0	0
Rayonier, Inc.	Com	754907103	302	10,650	SH		SOLE	0	10,650	0	0
Reynolds American Inc	Com	761713106	4,305	68,315	SH		SOLE	0	68,315	0	0
Ross Stores, Inc.	Com	778296103	257	3,900	SH		SOLE	0	3,900	0	0
T. Rowe Price Mid-Cap Growth	Com	779556109	584	7,168	SH		SOLE	0	7,168	0	0
SPDR Tr Unit Ser 1	Com	78462F103	4,557	19,331	SH		SOLE	0	19,331	0	0
SPDR Barclays Short Term Corporate Bond ETF	Com	78464A474	34,284	1,120,028	SH		SOLE	0	1,120,028	0	0
SPDR Health Care Services	Com	78464A573	533	9,171	SH		SOLE	0	9,171	0	0
Biotech Select Sector SPDR ETF	Com	78464A870	211	3,042	SH		SOLE	0	3,042	0	0
SPDR Blackstone GSO Senior Loan ETF	Com	78467V608	10,960	230,540	SH		SOLE	0	230,540	0	0
SPDR S&P Midcap 400 ETF Tr Ser 1	Com	78467Y107	1,301	4,165	SH		SOLE	0	4,165	0	0
Schlumberger Ltd	Com	806857108	1,259	16,115	SH		SOLE	0	16,115	0	0
Charles Schwab Corp	Com	808513105	2,630	64,453	SH		SOLE	0	64,453	0	0
Materials Select Sector SPDR Trust	Com	81369Y100	4,675	89,203	SH		SOLE	0	89,203	0	0
Healthcare Select Sector SPDR	Com	81369Y209	25,410	341,710	SH		SOLE	0	341,710	0	0
Consumer Staples Select Sector SPDR	Com	81369Y308	16,798	307,775	SH		SOLE	0	307,775	0	0
Consumer Discretionary Select Sector SPDR	Com	81369Y407	22,718	258,306	SH		SOLE	0	258,306	0	0
Energy Select Sector SPDR	Com	81369Y506	5,858	83,803	SH		SOLE	0	83,803	0	0
Financial Select Sector SPDR	Com	81369Y605	30,220	1,273,500	SH		SOLE	0	1,273,500	0	0
Industrial Select Sector SPDR	Com	81369Y704	15,049	231,314	SH		SOLE	0	231,314	0	0
Technology Select Sector SPDR	Com	81369Y803	50,038	938,616	SH		SOLE	0	938,616	0	0
Real Estate Select Sector SPDR	Com	81369Y860	2,999	94,912	SH		SOLE	0	94,912	0	0
Utilities Select Sector SPDR	Com	81369Y886	418	8,151	SH		SOLE	0	8,151	0	0
Southern Co	Com	842587107	420	8,435	SH		SOLE	0	8,435	0	0
State Street Corp	Com	857477103	623	7,831	SH		SOLE	0	7,831	0	0
Stryker Corp	Com	863667101	226	1,718	SH		SOLE	0	1,718	0	0
Sun Trust Banks Inc	Com	867914103	1,217	22,014	SH		SOLE	0	22,014	0	0
Texas Instruments Inc	Com	882508104	612	7,593	SH		SOLE	0	7,593	0	0
3M Company	Com	88579Y101	117,404	613,621	SH		SOLE	0	613,621	0	0
US Bancorp	Com	902973304	274	5,314	SH		SOLE	0	5,314	0	0
Union Pacific Corp	Com	907818108	1,260	11,899	SH		SOLE	0	11,899	0	0
United Technologies Corp	Com	913017109	4,791	42,694	SH		SOLE	0	42,694	0	0
Unum Group	Com	91529Y106	325	6,928	SH		SOLE	0	6,928	0	0
VanEck Vectors Oil Services ETF	Com	92189F718	395	12,813	SH		SOLE	0	12,813	0	0
Vanguard Mega Cap 300 Value Index ETF	Com	921910840	230	3,350	SH		SOLE	0	3,350	0	0
Vanguard ST Bond ETF	Com	921937827	552	6,919	SH		SOLE	0	6,919	0	0
Vanguard FTSE Developed Markets ETF	Com	921943858	1,010	25,698	SH		SOLE	0	25,698	0	0
Vanguard FTSE All-World Ex-US Index ETF	Com	922042775	2,404	50,258	SH		SOLE	0	50,258	0	0
Vanguard Emerging Markets ETF	Com	922042858	549	13,810	SH		SOLE	0	13,810	0	0
Vanguard Telecommunication Services ETF	Com	92204A884	4,818	50,781	SH		SOLE	0	50,781	0	0
Vanguard Mortgage-Business Securities ETF	Com	92206C771	10,304	196,188	SH		SOLE	0	196,188	0	0
Vanguard Long-Term Corporate Bond ETF	Com	92206C813	4,367	48,579	SH		SOLE	0	48,579	0	0
Vanguard 500 Index Fund	Com	922908363	3,133	14,482	SH		SOLE	0	14,482	0	0
Vanguard Mid-Cap ETF	Com	922908629	1,433	10,289	SH		SOLE	0	10,289	0	0
Vanguard Total Stock Market ETF	Com	922908769	279	2,298	SH		SOLE	0	2,298	0	0
Verizon Communications Inc	Com	92343V104	1,278	26,209	SH		SOLE	0	26,209	0	0
Visa Inc - Class A Shares	Com	92826C839	3,194	35,937	SH		SOLE	0	35,937	0	0
WEC Energy Group Inc	Com	92939U106	823	13,575	SH		SOLE	0	13,575	0	0
Wal Mart Stores Inc	Com	931142103	697	9,670	SH		SOLE	0	9,670	0	0
Waste Management Inc	Com	94106L109	2,016	27,648	SH		SOLE	0	27,648	0	0
Wells Fargo & Co	Com	949746101	5,388	96,806	SH		SOLE	0	96,806	0	0
Welltower Inc.	Com	95040Q104	1,854	26,178	SH		SOLE	0	26,178	0	0
Whirlpool Corp	Com	963320106	757	4,421	SH		SOLE	0	4,421	0	0
WisdomTree LargeCap Dividend Fund	Com	97717W307	223	2,695	SH		SOLE	0	2,695	0	0
WisdomTree SmallCap Dividend Fund	Com	97717W604	1,740	21,585	SH		SOLE	0	21,585	0	0
WisdomTree Dynamic Ccy Hdgd Intl Eq ETF	Com	97717X263	42,857	1,543,844	SH		SOLE	0	1,543,844	0	0
Yum Brands Inc	Com	988498101	223	3,497	SH		SOLE	0	3,497	0	0
Ackermans & Van Haaren NV	Com	B01165156	206	1,400	SH		SOLE	0	1,400	0	0
Accenture PLC	Com	G1151C101	346	2,888	SH		SOLE	0	2,888	0	0
Ingersoll-Rand Company Limited	Com	G47791101	309	3,800	SH		SOLE	0	3,800	0	0
Broadcom Ltd	Com	Y09827109	219	1,000	SH		SOLE	0	1,000	0	0