Palisade Asset 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

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
3M COMPANY	COM	88579Y101	11,162	77,922	SH		SOLE		53,214	0	26,208
ABBOTT LABORATORIES	COM	002824100	10,552	257,983	SH		SOLE		186,747	0	77,436
ABBVIE INC	COM	00287Y109	3,303	58,529	SH		SOLE		37,601	0	21,128
AFLAC INC	COM	001055102	8,946	143,716	SH		SOLE		109,431	0	38,885
AMERICAN EXPRESS COMPANY	COM	025816109	832	8,773	SH		SOLE		6,116	0	2,657
AMERIPRISE FINANCIAL INC	COM	03076C106	216	1,800	SH		SOLE		0	0	1,800
AMGEN INC	COM	031162100	3,752	31,699	SH		SOLE		27,659	0	4,190
APACHE CORP	COM	037411105	6,674	66,324	SH		SOLE		21,134	0	45,190
APPLE INC	COM	037833100	1,775	19,103	SH		SOLE		14,455	0	4,998
ARCHER DANIELS MIDLAND CO	COM	039483102	1,662	37,679	SH		SOLE		23,513	0	14,466
AT&T INC	COM	00206R102	2,038	57,631	SH		SOLE		45,116	0	12,865
AUTO DATA PROCESSING INC	COM	053301510	2,250	28,376	SH		SOLE		21,733	0	6,643
BALL CORP	COM	058498106	8,645	137,920	SH		SOLE		103,511	0	38,909
BARRICK GOLD CORP	COM	067901108	250	13,650	SH		SOLE		13,500	0	150
BAXTER INTERNATIONAL INC	COM	071813109	10,331	142,897	SH		SOLE		107,523	0	40,624
BECTON DICKINSON & COMPANY	COM	075887109	7,939	67,110	SH		SOLE		49,800	0	19,560
BEMIS COMPANY INC	COM	081143710	884	21,747	SH		SOLE		17,047	0	5,050
BERKSHIRE HATHAWAY CL B	COM	084670207	367	2,902	SH		SOLE		2,327	0	1,575
BOEING COMPANY	COM	097023105	382	3,000	SH		SOLE		2,050	0	950
BP PLC SPONS ADR	COM	055622104	786	14,895	SH		SOLE		13,445	0	1,450
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	484	9,969	SH		SOLE		6,670	0	3,299
C H ROBINSON WORLDWIDE INC	COM	12541W209	1,315	20,617	SH		SOLE		14,490	0	6,377
CATERPILLAR INC	COM	149123101	1,102	10,142	SH		SOLE		9,570	0	722
CENTERPOINT ENERGY INC	COM	15189T107	1,634	63,993	SH		SOLE		63,993	0	0
CHARLES SCHWAB CORP	COM	808513105	207	7,700	SH		SOLE		5,000	0	2,700
CHEVRON CORP	COM	166764100	12,134	92,945	SH		SOLE		71,856	0	23,089
CHRISTOPHER & BANKS CORP	COM	171046105	3,889	443,895	SH		SOLE		443,895	0	0
CISCO SYSTEMS INC	COM	17275R102	3,222	129,669	SH		SOLE		108,304	0	23,065
CLOROX COMPANY	COM	189054109	414	4,530	SH		SOLE		2,670	0	2,010
COCA-COLA COMPANY	COM	191216100	1,633	38,562	SH		SOLE		32,682	0	6,530
COLGATE-PALMOLIVE CO	COM	194162103	8,007	117,440	SH		SOLE		88,192	0	33,298
CONAGRA FOODS INC	COM	205887102	240	8,100	SH		SOLE		1,100	0	7,800
CONOCOPHILLIPS	COM	20825C104	2,134	24,887	SH		SOLE		13,240	0	11,897
CR BARD INC	COM	067383109	735	5,140	SH		SOLE		4,840	0	400
CVS CAREMARK CORP	COM	126650100	472	6,257	SH		SOLE		4,150	0	2,357
DANAHER CORP	COM	235851102	590	7,490	SH		SOLE		7,090	0	400
DE LUXE CORP	COM	248019101	234	4,000	SH		SOLE		0	0	4,000
DEERE & COMPANY	COM	244199105	10,126	111,828	SH		SOLE		85,267	0	30,711
DOMINION RES INC	COM	25746U109	1,531	21,400	SH		SOLE		20,820	0	580
DONALDSON COMPANY INC	COM	257651109	2,598	61,387	SH		SOLE		45,794	0	16,593
DOW CHEMICAL COMPANY	COM	260543103	310	6,033	SH		SOLE		1,275	0	4,758
DTE ENERGY COMPANY	COM	233331107	234	3,000	SH		SOLE		3,000	0	0
DU PONT EI DE NEMOURS & COMPAN	COM	263534109	341	5,218	SH		SOLE		2,542	0	2,676
ECOLAB INC	COM	278865100	2,817	25,302	SH		SOLE		21,659	0	4,443
ELI LILLY & COMPANY	COM	532457108	1,305	20,989	SH		SOLE		20,389	0	600
EMC CORP	COM	268648102	2,024	76,840	SH		SOLE		62,330	0	16,010
EMERSON ELECTRIC COMPANY	COM	291011104	1,706	25,710	SH		SOLE		20,012	0	5,898
ENSCO PLC CL A	COM	G3157S106	595	10,700	SH		SOLE		5,700	0	5,500
ENTERPRISE PRD PARTNERS LP	COM	293792107	388	4,960	SH		SOLE		4,960	0	0
ERICSSON TELEPHONE COMPANY	COM	294821608	604	50,008	SH		SOLE		50,008	0	0
EXXON MOBIL CORP	COM	30231G102	11,668	115,889	SH		SOLE		84,056	0	34,433
FASTENAL COMPANY	COM	311900104	380	7,685	SH		SOLE		2,800	0	5,235
FOREST OIL CORP	COM	346091705	46	20,000	SH		SOLE		0	0	20,000
FRANKLIN RESOURCES INC	COM	354613101	229	3,965	SH		SOLE		1,320	0	2,945
GENERAL DYNAMICS CORP	COM	369550108	9,941	85,290	SH		SOLE		63,778	0	24,212
GENERAL ELECTRIC COMPANY	COM	369604103	11,738	446,646	SH		SOLE		338,796	0	122,450
GENERAL MILLS INC	COM	370334104	1,559	29,679	SH		SOLE		18,809	0	13,070
GENUINE PARTS COMPANY	COM	372460105	1,063	12,110	SH		SOLE		10,800	0	1,510
GRACO INC	COM	384109104	1,827	23,400	SH		SOLE		19,500	0	3,900
GRAHAM HOLDINGS COMPANY	COM	939640108	201	280	SH		SOLE		0	0	280
HALLIBURTON COMPANY	COM	406216101	1,771	24,940	SH		SOLE		19,140	0	6,100
HB FULLER COMPANY	COM	359694106	423	8,800	SH		SOLE		0	0	8,800
HEWLETT-PACKARD COMPANY	COM	428236103	11,217	333,035	SH		SOLE		243,101	0	101,684
HOME DEPOT INC	COM	437076102	12,420	153,414	SH		SOLE		118,676	0	39,188
HONEYWELL INTL INC	COM	438516106	1,779	19,140	SH		SOLE		16,400	0	2,740
HORMEL FOODS CORP	COM	440452100	308	6,240	SH		SOLE		6,240	0	300
HUBBELL INC CL B	COM	443510201	493	4,000	SH		SOLE		0	0	4,000
ILLINOIS TOOL WORKS INC	COM	452308109	489	5,583	SH		SOLE		5,583	0	0
INTEL CORP	COM	458140100	2,747	88,892	SH		SOLE		73,668	0	16,274
INTL BUSINESS MACHINES CORP	COM	459200101	13,388	73,854	SH		SOLE		50,865	0	25,019
JOHNSON & JOHNSON	COM	478160104	4,195	40,096	SH		SOLE		28,906	0	11,340
JOHNSON CONTROLS INC	COM	478366107	1,302	26,076	SH		SOLE		24,935	0	1,541
JP MORGAN CHASE & COMPANY	COM	46625H100	540	9,368	SH		SOLE		8,395	0	973
KIMBERLY-CLARK CORP	COM	494368103	3,010	27,060	SH		SOLE		23,965	0	3,245
KOHLS CORP	COM	500255104	797	15,125	SH		SOLE		14,010	0	1,615
L BRANDS INC	COM	501797104	414	7,050	SH		SOLE		5,100	0	1,950
L-3 COMMUNICATIONS HOLDINGS IN	COM	502424104	8,173	67,685	SH		SOLE		53,296	0	16,639
LEGGETT & PLATT INC	COM	524660107	968	28,230	SH		SOLE		20,720	0	8,010
LOWES COMPANIES INC	COM	548661107	382	7,969	SH		SOLE		4,650	0	3,319
MAGELLAN MIDSTREAM PARTNERS LP	COM	559080106	235	2,800	SH		SOLE		2,800	0	0
MARRIOTT VACATIONS CORP	COM	57164Y107	331	5,649	SH		SOLE		5,649	0	0
MCCORMICK & COMPANY INC	COM	579780206	1,405	19,619	SH		SOLE		17,350	0	2,269
MCDONALDS CORP	COM	580135101	9,439	93,696	SH		SOLE		73,150	0	25,256
MCKESSON CORP	COM	58155Q103	633	3,400	SH		SOLE		0	0	3,400
MDU RESOURCES GROUP	COM	552690109	690	19,650	SH		SOLE		11,600	0	8,450
MEDTRONIC INC	COM	585055106	3,901	61,179	SH		SOLE		44,256	0	17,173
MERCK & CO INC	COM	589331107	917	15,852	SH		SOLE		7,492	0	8,360
MICROSOFT CORP	COM	594918104	12,597	302,091	SH		SOLE		233,375	0	75,416
NEXTERA ENERGY INC	COM	65339F101	353	3,449	SH		SOLE		3,310	0	139
NIKE INC CL B	COM	654106103	1,155	14,888	SH		SOLE		14,888	0	0
NORTHERN TRUST CORP	COM	665859104	260	4,050	SH		SOLE		3,700	0	600
NOVARTIS AG SPON ADR	COM	66987V109	982	10,845	SH		SOLE		10,145	0	700
OMNICOM GROUP INC	COM	681919106	7,787	109,335	SH		SOLE		80,202	0	32,333
ORACLE CORP	COM	68389x105	2,473	61,011	SH		SOLE		52,356	0	9,655
PENTAIR LTD	COM	H6169Q108	261	3,615	SH		SOLE		2,500	0	1,315
PEPSICO INC	COM	713448108	12,038	134,747	SH		SOLE		105,227	0	32,270
PFIZER INC	COM	717081103	1,453	48,945	SH		SOLE		13,315	0	36,030
PHILLIPS 66	COM	718546104	593	7,371	SH		SOLE		4,534	0	2,837
PLUM CREEK TIMBER COMPANY INC	COM	729251108	280	6,200	SH		SOLE		1,900	0	4,300
PRAXAIR INC	COM	74005P104	381	2,865	SH		SOLE		1,650	0	1,215
PROCTER & GAMBLE COMPANY	COM	742718109	10,786	137,249	SH		SOLE		107,442	0	32,957
QUALCOMM INC	COM	747525103	7,943	100,290	SH		SOLE		77,123	0	26,567
RAYTHEON COMPANY	COM	755111507	806	8,734	SH		SOLE		6,265	0	2,669
ROSS STORES INC	COM	778296103	901	13,620	SH		SOLE		12,320	0	1,500
ROYAL BANK CANADA MONTREAL	COM	780087102	469	6,560	SH		SOLE		1,550	0	5,210
ROYAL DUTCH SHELL PLC A ADR	COM	780257804	9,040	109,752	SH		SOLE		85,821	0	27,531
SCHLUMBERGER LIMITED	COM	806857108	2,086	17,682	SH		SOLE		12,555	0	5,327
SIGMA-ALDRICH CORP	COM	826552101	9,616	94,755	SH		SOLE		76,327	0	21,178
SOUTHERN COMPANY	COM	842587107	388	8,553	SH		SOLE		4,485	0	4,368
ST JUDE MEDICAL INC	COM	790849103	4,364	63,025	SH		SOLE		52,140	0	11,485
STANLEY BLACK & DECKER INC	COM	854502101	392	4,462	SH		SOLE		4,462	0	0
STRYKER CORP	COM	863667101	2,540	30,125	SH		SOLE		21,240	0	9,285
SYSCO CORP	COM	871829107	8,070	215,493	SH		SOLE		166,530	0	55,563
TARGET CORP	COM	87612E106	3,739	64,528	SH		SOLE		40,721	0	24,707
TCF FINANCIAL CORP	COM	872275102	336	20,500	SH		SOLE		2,400	0	18,100
TECHNE CORP COMMON	COM	878377100	1,505	16,260	SH		SOLE		14,575	0	2,260
TJX COMPANIES INC	COM	872540109	2,082	39,180	SH		SOLE		36,070	0	3,110
TORCHMARK CORP	COM	891027104	416	5,078	SH		SOLE		5,078	0	0
TRACTOR SUPPLY COMPANY	COM	892356106	308	5,100	SH		SOLE		5,100	0	0
TRAVELERS COMPANIES INC	COM	89417E109	1,680	17,855	SH		SOLE		15,035	0	3,220
TUPPERWARE BRANDS CORP	COM	899896104	201	2,400	SH		SOLE		0	0	2,400
UNION PACIFIC CORP	COM	907818108	359	3,604	SH		SOLE		280	0	3,324
UNITED TECHNOLOGIES CORP	COM	913017109	9,352	81,004	SH		SOLE		61,224	0	21,980
UNITEDHEALTH GROUP INC	COM	91324P102	7,126	87,168	SH		SOLE		16,478	0	70,940
US BANCORP	COM	902973304	2,625	60,606	SH		SOLE		36,126	0	29,880
VALSPAR CORP	COM	920355104	60,383	792,535	SH		SOLE		758,254	0	34,281
VERIZON COMMUNICATIONS INC	COM	92343V104	1,763	36,031	SH		SOLE		22,499	0	13,782
WAL-MART STORES INC	COM	931142103	949	12,645	SH		SOLE		9,000	0	3,645
WALGREEN COMPANY	COM	931422109	12,452	167,979	SH		SOLE		125,252	0	47,977
WELLS FARGO & COMPANY	COM	949746101	3,346	63,656	SH		SOLE		58,771	0	5,285
WILLIAMS COMPANIES INC	COM	969457100	843	14,478	SH		SOLE		536	0	13,942
XCEL ENERGY INC	COM	98389B100	1,976	61,319	SH		SOLE		7,723	0	4,096