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	510	6,560	SH		SOLE	0	6,560	0	0
AT&T Inc	Com	00206R102	4,058	107,555	SH		SOLE	0	107,555	0	0
Abbott Laboratories	Com	002824100	1,352	27,815	SH		SOLE	0	27,815	0	0
AbbVie Inc.	Com	00287Y109	336	4,630	SH		SOLE	0	4,630	0	0
Air Prods & Chems Inc	Com	009158106	439	3,070	SH		SOLE	0	3,070	0	0
Alphabet Inc Cl C	Com	02079K107	3,932	4,327	SH		SOLE	0	4,327	0	0
Alphabet Inc CL A	Com	02079K305	1,270	1,366	SH		SOLE	0	1,366	0	0
Altria Group Inc	Com	02209S103	1,780	23,899	SH		SOLE	0	23,899	0	0
Amazon Com Inc	Com	023135106	314	324	SH		SOLE	0	324	0	0
American Express Co	Com	025816109	382	4,536	SH		SOLE	0	4,536	0	0
American Tower Reit Com	Com	03027X100	219	1,656	SH		SOLE	0	1,656	0	0
Amgen Inc	Com	031162100	1,541	8,949	SH		SOLE	0	8,949	0	0
Anadarko Pete Corp	Com	032511107	324	7,143	SH		SOLE	0	7,143	0	0
Anheuser Busch Inbev Sa Nv	Com	03524A108	1,158	10,490	SH		SOLE	0	10,490	0	0
Anthem, Inc.	Com	036752103	2,959	15,726	SH		SOLE	0	15,726	0	0
Apollo Comercial Real Estate	Com	03762U105	397	21,400	SH		SOLE	0	21,400	0	0
Apple Computer Inc	Com	037833100	6,705	46,558	SH		SOLE	0	46,558	0	0
Aqua America Inc	Com	03836W103	651	19,560	SH		SOLE	0	19,560	0	0
Automatic Data Processing Inc	Com	053015103	1,338	13,061	SH		SOLE	0	13,061	0	0
AvalonBay Communities Inc	Com	053484101	596	3,100	SH		SOLE	0	3,100	0	0
Bank Of America Corporation	Com	060505104	316	13,029	SH		SOLE	0	13,029	0	0
Bank of New York Mellon Corp	Com	064058100	306	6,001	SH		SOLE	0	6,001	0	0
Bard C R Inc	Com	067383109	249	787	SH		SOLE	0	787	0	0
Becton Dickinson and Company	Com	075887109	952	4,880	SH		SOLE	0	4,880	0	0
Berkshire Hathaway Inc	Com	084670108	764	3	SH		SOLE	0	3	0	0
Berkshire Hathaway Inc - CL B	Com	084670702	4,614	27,240	SH		SOLE	0	27,240	0	0
BlackRock, Inc.	Com	09247X101	211	500	SH		SOLE	0	500	0	0
Boeing Co	Com	097023105	320	1,620	SH		SOLE	0	1,620	0	0
Bristol Myers Squibb Co	Com	110122108	3,031	54,393	SH		SOLE	0	54,393	0	0
CVS/Caremark Corp	Com	126650100	3,515	43,692	SH		SOLE	0	43,692	0	0
Cable ONE, Inc.	Com	12685J105	271	381	SH		SOLE	0	381	0	0
Capital One Financial Corp	Com	14040H105	2,595	31,408	SH		SOLE	0	31,408	0	0
Caterpillar Inc Del	Com	149123101	2,069	19,253	SH		SOLE	0	19,253	0	0
Celgene Corp	Com	151020104	2,079	16,007	SH		SOLE	0	16,007	0	0
Chevron Corporation	Com	166764100	2,531	24,256	SH		SOLE	0	24,256	0	0
Church & Dwight Inc	Com	171340102	2,724	52,500	SH		SOLE	0	52,500	0	0
Cisco Systems Inc	Com	17275R102	4,763	152,186	SH		SOLE	0	152,186	0	0
Guggenheim Bullet Shares 2019	Com	18383M522	275	12,923	SH		SOLE	0	12,923	0	0
Guggenheim Bulletshares 2018	Com	18383M530	375	17,668	SH		SOLE	0	17,668	0	0
Coca Cola Co	Com	191216100	756	16,865	SH		SOLE	0	16,865	0	0
Colgate Palmolive Co	Com	194162103	555	7,481	SH		SOLE	0	7,481	0	0
Comcast Corp New Cl A	Com	20030N101	3,302	84,835	SH		SOLE	0	84,835	0	0
ConocoPhillips	Com	20825C104	263	5,991	SH		SOLE	0	5,991	0	0
Consolidated Edison Inc	Com	209115104	660	8,162	SH		SOLE	0	8,162	0	0
Constellation Brands Inc - Class A	Com	21036P108	3,095	15,977	SH		SOLE	0	15,977	0	0
Costco Wholesale Corp	Com	22160K105	241	1,510	SH		SOLE	0	1,510	0	0
Crown Castle International Corp.	Com	22822V101	3,115	31,098	SH		SOLE	0	31,098	0	0
Cummins Inc	Com	231021106	413	2,545	SH		SOLE	0	2,545	0	0
The Walt Disney Company	Com	254687106	839	7,901	SH		SOLE	0	7,901	0	0
Dominion Resources Inc Va	Com	25746U109	347	4,525	SH		SOLE	0	4,525	0	0
Dow Chem Co	Com	260543103	780	12,365	SH		SOLE	0	12,365	0	0
Du Pont (E I) de Nemours and Company	Com	263534109	3,376	41,832	SH		SOLE	0	41,832	0	0
Duke Energy Corp New Com	Com	26441C204	400	4,791	SH		SOLE	0	4,791	0	0
EOG Res Inc	Com	26875P101	2,433	26,879	SH		SOLE	0	26,879	0	0
Eaton Vance Tax-Managed (MFC)	Com	27828X100	216	13,200	SH		SOLE	0	13,200	0	0
Emerson Elec Co	Com	291011104	1,101	18,461	SH		SOLE	0	18,461	0	0
Equifax Inc	Com	294429105	742	5,400	SH		SOLE	0	5,400	0	0
Equity Residential	Com	29476L107	770	11,700	SH		SOLE	0	11,700	0	0
Expedia Inc	Com	30212P303	2,643	17,742	SH		SOLE	0	17,742	0	0
Exxon Mobil Corp	Com	30231G102	6,688	82,847	SH		SOLE	0	82,847	0	0
Facebook, Inc.	Com	30303M102	211	1,397	SH		SOLE	0	1,397	0	0
Fedex Corp	Com	31428X106	2,871	13,211	SH		SOLE	0	13,211	0	0
Fidelity MSCI Consumer Discret ETF	Com	316092204	4,552	128,231	SH		SOLE	0	128,231	0	0
Fidelity MSCI Consumer Staples Index ETF	Com	316092303	3,038	91,989	SH		SOLE	0	91,989	0	0
Fidelity MSCI Energy Index ETF	Com	316092402	8,956	498,091	SH		SOLE	0	498,091	0	0
Fidelity MSCI Financials Index	Com	316092501	6,510	179,153	SH		SOLE	0	179,153	0	0
Fidelity MSCI Industrials Index ETF	Com	316092709	2,690	77,311	SH		SOLE	0	77,311	0	0
Fidelity MSCI Information Technology Index	Com	316092808	9,099	212,980	SH		SOLE	0	212,980	0	0
Fidelity MSCI Real Estate Index ETF	Com	316092857	647	26,718	SH		SOLE	0	26,718	0	0
Fidelity Total Bond ETF	Com	316188309	1,571	31,331	SH		SOLE	0	31,331	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	1,134	46,196	SH		SOLE	0	46,196	0	0
First Trust Preferred Securities & Income ETF	Com	33739E108	1,913	95,610	SH		SOLE	0	95,610	0	0
Fiserv Inc	Com	337738108	423	3,456	SH		SOLE	0	3,456	0	0
Franklin STR PPTYS Corp Com	Com	35471R106	114	10,248	SH		SOLE	0	10,248	0	0
General Dynamics Corp	Com	369550108	619	3,123	SH		SOLE	0	3,123	0	0
General Elec Co	Com	369604103	5,012	185,543	SH		SOLE	0	185,543	0	0
General Mills Inc	Com	370334104	776	14,008	SH		SOLE	0	14,008	0	0
Goldman Sachs Group Inc	Com	38141G104	318	1,433	SH		SOLE	0	1,433	0	0
GreenGro Technologies, Inc.	Com	39526G107	0	10,000	SH		SOLE	0	10,000	0	0
Harris Corp	Com	413875105	394	3,616	SH		SOLE	0	3,616	0	0
Hawaiian Electric Industries	Com	419870100	314	9,709	SH		SOLE	0	9,709	0	0
Home Depot Inc	Com	437076102	1,779	11,597	SH		SOLE	0	11,597	0	0
Honeywell International Inc	Com	438516106	944	7,086	SH		SOLE	0	7,086	0	0
Idexx Laboratories Inc.	Com	45168D104	726	4,500	SH		SOLE	0	4,500	0	0
Illinois Tool Works Inc	Com	452308109	537	3,752	SH		SOLE	0	3,752	0	0
IQ Hedge Multi-Strategy Tracker ETF	Com	45409B107	9,149	311,088	SH		SOLE	0	311,088	0	0
Intel Corp	Com	458140100	3,412	101,127	SH		SOLE	0	101,127	0	0
International Business Machines Corp	Com	459200101	2,603	16,921	SH		SOLE	0	16,921	0	0
iShares S&P 500 Index	Com	464287200	261	1,071	SH		SOLE	0	1,071	0	0
iShares iBoxx $ Investment Grade Corp Bond	Com	464287242	255	2,120	SH		SOLE	0	2,120	0	0
iShares Tr MSCI EAFE Index Fund	Com	464287465	340	5,211	SH		SOLE	0	5,211	0	0
iShares S & P MidCap 400 Index Fund	Com	464287507	829	4,768	SH		SOLE	0	4,768	0	0
iShares Dow Jones US Consumer Services	Com	464287580	631	3,846	SH		SOLE	0	3,846	0	0
iShares Russell 1000 Value Index Fund	Com	464287598	1,185	10,177	SH		SOLE	0	10,177	0	0
iShares Russell 1000 Growth Index Fund	Com	464287614	412	3,463	SH		SOLE	0	3,463	0	0
iShares Tr Russell 2000 Index Fund	Com	464287655	755	5,360	SH		SOLE	0	5,360	0	0
iShares S&P SmallCap 600 Index	Com	464287804	2,479	35,358	SH		SOLE	0	35,358	0	0
iShares MSCI All Country Asia ex Japan Index	Com	464288182	1,939	28,752	SH		SOLE	0	28,752	0	0
iShares Global Clean Energy	Com	464288224	1,141	133,326	SH		SOLE	0	133,326	0	0
iShares National Amtfree Muni	Com	464288414	1,819	16,516	SH		SOLE	0	16,516	0	0
iShares Barclays 1-3 Year Credit Bond	Com	464288646	312	2,965	SH		SOLE	0	2,965	0	0
iShares Dow Jones US Medical Devices Index Fd	Com	464288810	453	2,716	SH		SOLE	0	2,716	0	0
iShares Dow Jones US Pharmaceuticals	Com	464288836	9,265	59,725	SH		SOLE	0	59,725	0	0
iShares MSCI India	Com	46429B598	10,921	340,228	SH		SOLE	0	340,228	0	0
iShares Edge MSCI Min Vol EAFE ETF	Com	46429B689	4,120	59,501	SH		SOLE	0	59,501	0	0
iShares Short Maturity Bond	Com	46431W507	13,435	267,261	SH		SOLE	0	267,261	0	0
iShares Core MSCI EAFE	Com	46432F842	53,525	879,043	SH		SOLE	0	879,043	0	0
iShares MSCI ACWI Low Carbon	Com	46434V464	462	4,290	SH		SOLE	0	4,290	0	0
JPMorgan Chase & Co	Com	46625H100	1,585	17,346	SH		SOLE	0	17,346	0	0
JPMorgan Diversified Alternatives ETF	Com	46641Q803	8,403	320,967	SH		SOLE	0	320,967	0	0
Johnson & Johnson	Com	478160104	10,010	75,666	SH		SOLE	0	75,666	0	0
Kellogg Co	Com	487836108	425	6,112	SH		SOLE	0	6,112	0	0
Kimberly Clark Corp	Com	494368103	1,152	8,921	SH		SOLE	0	8,921	0	0
Kraft Heinz Co	Com	500754106	244	2,849	SH		SOLE	0	2,849	0	0
Eli Lilly & Co	Com	532457108	225	2,736	SH		SOLE	0	2,736	0	0
Lockheed Martin Corp	Com	539830109	226	815	SH		SOLE	0	815	0	0
Lowes Cos Inc	Com	548661107	2,451	31,609	SH		SOLE	0	31,609	0	0
Mastercard Inc CL A	Com	57636Q104	783	6,447	SH		SOLE	0	6,447	0	0
McDonalds Corp	Com	580135101	1,939	12,661	SH		SOLE	0	12,661	0	0
Merck & Co Inc New Com	Com	58933Y105	2,067	32,257	SH		SOLE	0	32,257	0	0
Microsoft Corp	Com	594918104	7,524	109,148	SH		SOLE	0	109,148	0	0
Mondelez International, Inc.	Com	609207105	212	4,910	SH		SOLE	0	4,910	0	0
Nestle S A Sponsored ADR	Com	641069406	3,648	41,865	SH		SOLE	0	41,865	0	0
New Market Corporation	Com	651587107	290	629	SH		SOLE	0	629	0	0
Nike Inc Cl B	Com	654106103	2,932	49,697	SH		SOLE	0	49,697	0	0
Novartis AG ADR	Com	66987V109	246	2,947	SH		SOLE	0	2,947	0	0
Occidental Petroleum Corp Del	Com	674599105	417	6,964	SH		SOLE	0	6,964	0	0
Oracle Corp	Com	68389X105	508	10,137	SH		SOLE	0	10,137	0	0
PNC Financial Services Group	Com	693475105	256	2,050	SH		SOLE	0	2,050	0	0
Pembina Pipeline Corp	Com	706327103	414	12,500	SH		SOLE	0	12,500	0	0
Pepsico Inc	Com	713448108	4,252	36,813	SH		SOLE	0	36,813	0	0
Pfizer Inc	Com	717081103	2,114	62,928	SH		SOLE	0	62,928	0	0
Philip Morris International Inc	Com	718172109	2,278	19,393	SH		SOLE	0	19,393	0	0
Phillips 66	Com	718546104	348	4,208	SH		SOLE	0	4,208	0	0
Polaris Inds Inc	Com	731068102	482	5,226	SH		SOLE	0	5,226	0	0
PowerShares QQQ Tr Unit Ser 1 ETF	Com	73935A104	578	4,202	SH		SOLE	0	4,202	0	0
PowerShares S&P SmallCap Information Tech	Com	73937B860	748	10,105	SH		SOLE	0	10,105	0	0
Praxair Inc	Com	74005P104	307	2,314	SH		SOLE	0	2,314	0	0
Procter & Gamble Co	Com	742718109	3,982	45,694	SH		SOLE	0	45,694	0	0
ProShares Credit Suisse 130/30	Com	74347R248	2,034	33,821	SH		SOLE	0	33,821	0	0
Public Storage Inc	Com	74460D109	344	1,650	SH		SOLE	0	1,650	0	0
Rayonier, Inc.	Com	754907103	306	10,650	SH		SOLE	0	10,650	0	0
Reynolds American Inc	Com	761713106	4,443	68,315	SH		SOLE	0	68,315	0	0
Ross Stores, Inc.	Com	778296103	225	3,900	SH		SOLE	0	3,900	0	0
T. Rowe Price Mid-Cap Growth	Com	779556109	624	7,168	SH		SOLE	0	7,168	0	0
SPDR Tr Unit Ser 1	Com	78462F103	4,645	19,211	SH		SOLE	0	19,211	0	0
SPDR Barclays Short Term Corporate Bond ETF	Com	78464A474	35,424	1,156,142	SH		SOLE	0	1,156,142	0	0
SPDR Health Care Services	Com	78464A573	585	9,076	SH		SOLE	0	9,076	0	0
Biotech Select Sector SPDR ETF	Com	78464A870	202	2,622	SH		SOLE	0	2,622	0	0
SPDR Blackstone GSO Senior Loan ETF	Com	78467V608	11,423	240,839	SH		SOLE	0	240,839	0	0
SPDR S&P Midcap 400 ETF Tr Ser 1	Com	78467Y107	1,296	4,080	SH		SOLE	0	4,080	0	0
Schlumberger Ltd	Com	806857108	2,433	36,960	SH		SOLE	0	36,960	0	0
Charles Schwab Corp	Com	808513105	2,938	68,390	SH		SOLE	0	68,390	0	0
Materials Select Sector SPDR Trust	Com	81369Y100	1,020	18,948	SH		SOLE	0	18,948	0	0
Healthcare Select Sector SPDR	Com	81369Y209	26,968	340,330	SH		SOLE	0	340,330	0	0
Consumer Staples Select Sector SPDR	Com	81369Y308	17,260	314,152	SH		SOLE	0	314,152	0	0
Consumer Discretionary Select Sector SPDR	Com	81369Y407	22,773	254,075	SH		SOLE	0	254,075	0	0
Energy Select Sector SPDR	Com	81369Y506	5,416	83,433	SH		SOLE	0	83,433	0	0
Financial Select Sector SPDR	Com	81369Y605	31,945	1,294,906	SH		SOLE	0	1,294,906	0	0
Industrial Select Sector SPDR	Com	81369Y704	14,182	208,224	SH		SOLE	0	208,224	0	0
Technology Select Sector SPDR	Com	81369Y803	50,260	918,495	SH		SOLE	0	918,495	0	0
Real Estate Select Sector SPDR	Com	81369Y860	3,098	96,216	SH		SOLE	0	96,216	0	0
Southern Co	Com	842587107	822	17,169	SH		SOLE	0	17,169	0	0
State Street Corp	Com	857477103	669	7,456	SH		SOLE	0	7,456	0	0
Stryker Corp	Com	863667101	238	1,718	SH		SOLE	0	1,718	0	0
Texas Instruments Inc	Com	882508104	599	7,781	SH		SOLE	0	7,781	0	0
3M Company	Com	88579Y101	125,746	603,995	SH		SOLE	0	603,995	0	0
US Bancorp	Com	902973304	276	5,314	SH		SOLE	0	5,314	0	0
Union Pacific Corp	Com	907818108	1,228	11,271	SH		SOLE	0	11,271	0	0
United Parcel Service Inc Cl B	Com	911312106	1,363	12,327	SH		SOLE	0	12,327	0	0
United Technologies Corp	Com	913017109	5,173	42,366	SH		SOLE	0	42,366	0	0
Unum Group	Com	91529Y106	305	6,535	SH		SOLE	0	6,535	0	0
VanEck Vectors Oil Services ETF	Com	92189F718	359	14,497	SH		SOLE	0	14,497	0	0
Vanguard Mega Cap 300 Value Index ETF	Com	921910840	232	3,350	SH		SOLE	0	3,350	0	0
Vanguard ST Bond ETF	Com	921937827	548	6,869	SH		SOLE	0	6,869	0	0
Vanguard FTSE Developed Markets ETF	Com	921943858	1,023	24,768	SH		SOLE	0	24,768	0	0
Vanguard FTSE All-World Ex-US Index ETF	Com	922042775	2,551	50,989	SH		SOLE	0	50,989	0	0
Vanguard Emerging Markets ETF	Com	922042858	564	13,810	SH		SOLE	0	13,810	0	0
Vanguard Telecommunication Services ETF	Com	92204A884	4,482	48,808	SH		SOLE	0	48,808	0	0
Vanguard Mortgage-Business Securities ETF	Com	92206C771	11,094	210,680	SH		SOLE	0	210,680	0	0
Vanguard Long-Term Corporate Bond ETF	Com	92206C813	4,794	51,381	SH		SOLE	0	51,381	0	0
Vanguard 500 Index Fund	Com	922908363	3,338	15,031	SH		SOLE	0	15,031	0	0
Vanguard Mid-Cap ETF	Com	922908629	1,516	10,639	SH		SOLE	0	10,639	0	0
Vanguard Total Stock Market ETF	Com	922908769	286	2,298	SH		SOLE	0	2,298	0	0
Verizon Communications Inc	Com	92343V104	1,161	25,998	SH		SOLE	0	25,998	0	0
Visa Inc - Class A Shares	Com	92826C839	3,315	35,353	SH		SOLE	0	35,353	0	0
WEC Energy Group Inc	Com	92939U106	1,005	16,379	SH		SOLE	0	16,379	0	0
Wal Mart Stores Inc	Com	931142103	744	9,830	SH		SOLE	0	9,830	0	0
Waste Management Inc	Com	94106L109	640	8,725	SH		SOLE	0	8,725	0	0
Wells Fargo & Co	Com	949746101	4,992	90,101	SH		SOLE	0	90,101	0	0
Welltower Inc.	Com	95040Q104	2,466	32,942	SH		SOLE	0	32,942	0	0
Whirlpool Corp	Com	963320106	847	4,421	SH		SOLE	0	4,421	0	0
WisdomTree LargeCap Dividend Fund	Com	97717W307	227	2,695	SH		SOLE	0	2,695	0	0
WisdomTree SmallCap Dividend Fund	Com	97717W604	1,783	22,159	SH		SOLE	0	22,159	0	0
WisdomTree Dynamic Ccy Hdgd Intl Eq ETF	Com	97717X263	44,587	1,567,209	SH		SOLE	0	1,567,209	0	0
Yum Brands Inc	Com	988498101	252	3,417	SH		SOLE	0	3,417	0	0