Beddow Capital Management 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

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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
1-800-Flowers.com Inc.	COM	68243Q106	3,749	187,260	SH		SOLE		187,260	0	0
3M Company	COM	88579Y101	890	5,705	SH		SOLE		5,705	0	0
AbbVie Inc.	COM	00287Y109	3,611	36,775	SH		SOLE		36,775	0	0
Allstate Corporation	COM	020002101	218	2,250	SH		SOLE		2,250	0	0
Amazon.com	COM	023135106	712	258	SH		SOLE		258	0	0
Berkshire Hathaway	COM	084670108	2,673	10	SH		SOLE		10	0	0
Berkshire Hathaway Cl B	COM	084670702	3,048	17,077	SH		SOLE		17,077	0	0
Bristol-Myers Squibb Company	COM	110122108	1,884	32,045	SH		SOLE		32,045	0	0
Calithera Biosciences, Inc	COM	13089P101	145	27,500	SH		SOLE		27,500	0	0
Cimarex Energy Company	COM	171798101	932	33,919	SH		SOLE		33,919	0	0
Cleveland-Cliffs Inc.	COM	185899101	97	17,500	SH		SOLE		17,500	0	0
Columbia Sportswear	COM	198516106	304	3,775	SH		SOLE		3,775	0	0
ConocoPhillips Company	COM	718507BK1	973	23,165	SH		SOLE		23,165	0	0
Continental Resources	COM	212015101	414	23,625	SH		SOLE		23,625	0	0
Escalade Inc.	COM	296056104	1,398	100,146	SH		SOLE		100,146	0	0
Helmerich & Payne Inc.	COM	423452101	1,938	99,333	SH		SOLE		99,333	0	0
International Business Machine	COM	459200101	5,740	47,526	SH		SOLE		47,526	0	0
Johnson & Johnson	COM	478160104	6,222	44,243	SH		SOLE		44,243	0	0
Keweenaw Land Association	COM	493026108	624	10,190	SH		SOLE		10,190	0	0
Manitex International	COM	563420108	149	30,000	SH		SOLE		30,000	0	0
Merck & Co.	COM	58933Y105	2,178	28,166	SH		SOLE		28,166	0	0
Mesabi Trust Ctfs	COM	590672101	7,172	409,568	SH		SOLE		409,568	0	0
Microsoft Corp	COM	594918104	310	1,525	SH		SOLE		1,525	0	0
Pfizer, Inc	COM	717081103	4,089	125,060	SH		SOLE		125,060	0	0
Powell Industries	COM	739128106	230	8,400	SH		SOLE		8,400	0	0
Pure Cycle Corporation	COM	746228303	161	17,500	SH		SOLE		17,500	0	0
Surface Oncology Inc.	COM	86877M100	230	35,000	SH		SOLE		35,000	0	0
Texas Pacific Land Trust	COM	882610108	6,033	10,144	SH		SOLE		10,144	0	0
Timken Company	COM	887389104	738	16,225	SH		SOLE		16,225	0	0
Westinghouse Air Brake Technol	COM	929740108	3,133	54,420	SH		SOLE		54,420	0	0
Wynn Resorts, Limited	COM	983134107	428	5,740	SH		SOLE		5,740	0	0
iShares Russell 2000 Value Ind	COM	464287630	242	2,487	SH		SOLE		2,487	0	0
Bristol-Myers Squibb Contingen	RTS	110122157	1,677	477,858	SH		SOLE		477,858	0	0
ABB Ltd	ADR	000375204	5,219	231,345	SH		SOLE		231,345	0	0
Anheuser-Busch InBev SA	ADR	03524A108	3,363	68,220	SH		SOLE		68,220	0	0
Autoliv, Inc.	ADR	052800109	3,475	53,866	SH		SOLE		53,866	0	0
BP plc	ADR	055622104	1,741	74,670	SH		SOLE		74,670	0	0
Baidu, Inc.	ADR	056752108	1,058	8,825	SH		SOLE		8,825	0	0
Banco Latinoamericano de Expor	ADR	P16994132	3,926	341,395	SH		SOLE		341,395	0	0
Franco-Nevada Coporation	ADR	351858105	5,662	40,550	SH		SOLE		40,550	0	0
Investor AB 'B'	ORD	W48102128	7,375	139,024	SH		SOLE		139,024	0	0
Koninklijke Philips NV	ADR	500472303	4,422	94,406	SH		SOLE		94,406	0	0
Liberty Global A plc	ADR	G5480U104	2,065	94,475	SH		SOLE		94,475	0	0
Nestle S.A.	ADR	641069406	5,447	49,325	SH		SOLE		49,325	0	0
Pandora A/S ADS	ADR	698341203	1,179	86,876	SH		SOLE		86,876	0	0
Pandora A/S ords	ORD	K7681L102	2,223	44,375	SH		SOLE		44,375	0	0
Royal Dutch Shell Cl B	ADR	780259107	1,378	45,270	SH		SOLE		45,270	0	0
Siemens AG	ADR	826197501	3,452	58,517	SH		SOLE		58,517	0	0
Talisker Resources Ltd	ADR	87425A101	13	40,000	SH		SOLE		40,000	0	0