Shelter Mutual Insurance 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
BERKSHIRE HATHAWAY	COM	084670108	19,719	101	SH		SOLE	0	0	0	101
PEPSICO INCORPORATED	COM	713448108	16,779	177,930	SH		SOLE	0	0	0	177,930
VISA INC/A	COM	92826C839	15,607	224,040	SH		SOLE	0	0	0	224,040
UNION PACIFIC CORPORATION	COM	907818108	12,561	142,073	SH		SOLE	0	0	0	142,073
3M COMPANY	COM	88579Y101	12,144	85,660	SH		SOLE	0	0	0	85,660
JM SMUCKER CO	COM	832696405	11,080	97,120	SH		SOLE	0	0	0	97,120
INTERNATIONAL BUSINESS MACHINE	COM	459200101	10,481	72,300	SH		SOLE	0	0	0	72,300
ORACLE CORP	COM	68389X105	10,308	285,380	SH		SOLE	0	0	0	285,380
PROCTER & GAMBLE CO	COM	742718109	10,078	140,090	SH		SOLE	0	0	0	140,090
LOWE'S CORP	COM	548661107	9,456	137,200	SH		SOLE	0	0	0	137,200
GENERAL ELECTRIC COMPANY	COM	369604103	8,915	353,490	SH		SOLE	0	0	0	353,490
VERISK ANALYTICS INC - CLASS A	COM	92345Y106	8,707	117,800	SH		SOLE	0	0	0	117,800
SCHLUMBERGER LTD	COM	806857108	8,564	124,160	SH		SOLE	0	0	0	124,160
PFIZER INC	COM	717081103	8,465	269,500	SH		SOLE	0	0	0	269,500
WAL-MART STORES	COM	931142103	8,367	129,042	SH		SOLE	0	0	0	129,042
ROYAL DUTCH SHELL PLC - ADR A	ADR	780259206	8,288	174,880	SH		SOLE	0	0	0	174,880
EXXON MOBIL CORPORATION	COM	30231G102	8,004	107,652	SH		SOLE	0	0	0	107,652
CME GROUP INC	COM	12572Q105	7,800	84,100	SH		SOLE	0	0	0	84,100
MEDTRONIC INC	COM	G5960L103	7,350	109,796	SH		SOLE	0	0	0	109,796
EXPRESS SCRIPTS HOLDING CO	COM	30219G108	7,340	90,662	SH		SOLE	0	0	0	90,662
ILLINOIS TOOL WORKS	COM	452308109	7,156	86,940	SH		SOLE	0	0	0	86,940
ECOLAB INC	COM	278865100	6,826	62,214	SH		SOLE	0	0	0	62,214
PHILIP MORRIS INTERNATIONAL	COM	718172109	6,808	85,820	SH		SOLE	0	0	0	85,820
MERCK & CO.	COM	58933Y105	6,640	134,440	SH		SOLE	0	0	0	134,440
CATERPILLAR TRACTOR CO	COM	149123101	6,163	94,300	SH		SOLE	0	0	0	94,300
EMERSON ELECTRIC CO	COM	291011104	6,050	136,970	SH		SOLE	0	0	0	136,970
TARGET CORP	COM	87612E106	6,013	76,450	SH		SOLE	0	0	0	76,450
PRAXAIR INC	COM	74005P104	5,922	58,140	SH		SOLE	0	0	0	58,140
INTEL CORP	COM	458140100	5,795	192,250	SH		SOLE	0	0	0	192,250
ABBVIE INC	COM	00287Y109	5,556	102,100	SH		SOLE	0	0	0	102,100
AMERICAN EXPRESS COMPANY	COM	025816109	4,688	63,240	SH		SOLE	0	0	0	63,240
FRANKLIN RESOURCES	COM	354613101	4,122	110,610	SH		SOLE	0	0	0	110,610
ABBOTT LABS	COM	002824100	4,106	102,100	SH		SOLE	0	0	0	102,100
ENBRIDGE INC.	COM	29250N105	4,052	109,120	SH		SOLE	0	0	0	109,120
ITC HOLDINGS CORP	COM	465685105	3,602	108,030	SH		SOLE	0	0	0	108,030
BHP BILLITON LTD - SPON ADR	ADR	088606108	3,195	101,030	SH		SOLE	0	0	0	101,030
TEVA PHARMACEUTICAL INDUSTRIES LTD	COM	881624209	2,490	44,100	SH		SOLE	0	0	0	44,100
BP P.L.C.	COM	055622104	2,424	79,300	SH		SOLE	0	0	0	79,300
ENSCO PLC-CL A	COM	G3157S106	1,184	84,100	SH		SOLE	0	0	0	84,100
SUNPOWER CORP	COM	867652406	701	35,000	SH		SOLE	0	0	0	35,000
BERKSHIRE HATHAWAY INC-CL B	COM	084670702	694	5,320	SH		SOLE	0	0	0	5,320
8POINT3 ENERGY PARTNERS LP	COM	282539105	557	52,500	SH		SOLE	0	0	0	52,500
VODAFONE GROUP PLC-SP ADR	ADR	92857W308	416	13,100	SH		SOLE	0	0	0	13,100
SOUTH32 - ADR	ADR	84473L105	192	40,412	SH		SOLE	0	0	0	40,412