Orca Investment 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
ABBVIE INC	COM	00287y109	427	7,205	SH		SOLE		4,754	0	2,451
AIR LEASE CORP CLASS A	COM	00912x302	3,176	94,849	SH		SOLE		80,962	0	13,887
ALPHABET INC. CLASS A	COM	02079k305	2,023	2,600	SH		SOLE		2,215	0	385
ALTRIA GROUP INC	COM	02209s103	1,233	21,175	SH		SOLE		14,775	0	6,400
ANHEUSER BUSCH INBEV SA NV SPO	COM	03524A108	2,301	18,407	SH		SOLE		18,407	0	0
APPLE INC	COM	037833100	1,477	14,035	SH		SOLE		10,156	0	3,879
APPLIED INDL TECHNOLOGIES INC	COM	03820C105	2,332	57,592	SH		SOLE		57,592	0	0
AT&T INC COM	COM	00206R102	463	13,450	SH		SOLE		13,450	0	0
AUTO DATA PROCESSING	COM	053015103	415	4,898	SH		SOLE		3,235	0	1,663
AVIS BUDGET GROUP	COM	053774105	1,987	54,740	SH		SOLE		46,687	0	8,053
BANK OF AMERICA CORP	COM	060505104	1,444	85,789	SH		SOLE		73,287	0	12,502
BANNER CORPORATION	COM	06652v208	1,449	31,604	SH		SOLE		27,442	0	4,162
BERKSHIRE HATHAWAY INC DEL CL	COM	084670108	593	3	SH		SOLE		3	0	0
BERKSHIRE HATHAWAY INC DEL CL	COM	084670702	2,194	16,613	SH		SOLE		16,613	0	0
BG STAFFING INC	COM	05544a109	1,009	67,500	SH		SOLE		58,500	0	9,000
CHARLES & COLVARD	COM	159765106	353	314,795	SH		SOLE		271,689	0	43,106
CHARLES SCHWAB CORP	COM	808513105	607	18,424	SH		SOLE		13,658	0	4,766
CITIGROUP INC	COM	172967424	746	14,422	SH		SOLE		10,302	0	4,120
CLIFFS NAT RES INC COM	COM	18683K101	47	29,578	SH		SOLE		29,578	0	0
EMERSON ELECTRIC CO	COM	291011104	286	5,979	SH		SOLE		3,973	0	2,006
EXPRESS SCRIPTS HLDG	COM	30219g108	610	6,983	SH		SOLE		4,985	0	1,998
EXXON MOBIL CORP	COM	30231g102	291	3,731	SH		SOLE		2,450	0	1,281
FLIR SYSTEMS INC	COM	302445101	1,316	46,879	SH		SOLE		39,986	0	6,893
GENERAL ELECTRIC CO COM	COM	369604103	538	17,287	SH		SOLE		17,287	0	0
GENUINE PARTS CO	COM	372460105	382	4,445	SH		SOLE		2,929	0	1,516
GOLDMAN SACHS GROUP	COM	38141g104	674	3,742	SH		SOLE		2,658	0	1,084
HOME DEPOT INC	COM	437076102	3,874	29,293	SH		SOLE		23,677	0	5,616
INTEL CORP	COM	458140100	956	27,755	SH		SOLE		22,418	0	5,337
INTERNATIONAL PAPER	COM	460146103	390	10,342	SH		SOLE		7,398	0	2,944
JOHNSON & JOHNSON	COM	478160104	734	7,150	SH		SOLE		5,863	0	1,287
JPMORGAN CHASE & CO	COM	46625h100	1,065	16,125	SH		SOLE		11,807	0	4,318
KIMBERLY-CLARK CORP	COM	494368103	434	3,409	SH		SOLE		2,244	0	1,165
KRAFT HEINZ CO COM STK	COM	500754106	2,365	32,503	SH		SOLE		32,503	0	0
MICHAELS COMPANIES	COM	59408q106	1,245	56,324	SH		SOLE		48,134	0	8,190
MICROSOFT CORP	COM	594918104	3,203	57,728	SH		SOLE		57,728	0	0
MORGAN STANLEY	COM	617446448	646	20,298	SH		SOLE		14,427	0	5,871
NEWMONT MNG CORP COM	COM	651639106	371	20,623	SH		SOLE		20,623	0	0
NEXTERA ENERGY INC	COM	65339f101	407	3,920	SH		SOLE		2,581	0	1,339
ORACLE CORPORATION	COM	68389x105	418	11,449	SH		SOLE		8,170	0	3,279
PAYPAL HLDGS INC COM	COM	70450Y103	1,449	40,041	SH		SOLE		40,041	0	0
PENTAIR PLC SHS ISIN#IE00BLS09	COM	G7S00T104	838	16,922	SH		SOLE		16,922	0	0
PFIZER INCORPORATED	COM	717081103	3,719	115,213	SH		SOLE		106,123	0	9,090
PLUM CREEK TIMBER CO REIT	COM	729251108	2,217	46,457	SH		SOLE		39,728	0	6,729
PPG INDUSTRIES INC	COM	693506107	384	3,886	SH		SOLE		2,558	0	1,328
PROCTER & GAMBLE	COM	742718109	384	4,833	SH		SOLE		3,114	0	1,719
REALTY INCM CORP REIT	COM	756109104	448	8,682	SH		SOLE		5,731	0	2,951
SELECT SECTOR SPDR TR TECHNOLO	COM	81369Y803	1,497	34,952	SH		SOLE		34,952	0	0
THERMO FISHER SCIENTIFIC INC C	COM	883556102	2,037	14,357	SH		SOLE		14,357	0	0
TRI POINTE GROUP INC	COM	87265h109	2,952	232,975	SH		SOLE		199,050	0	33,925
UMPQUA HOLDINGS CORP	COM	904214103	2,827	177,797	SH		SOLE		151,593	0	26,204
VASCO DATA SECURITY	COM	92230y104	3,049	182,240	SH		SOLE		155,865	0	26,375
VERIZON COMMUNICATN	COM	92343v104	1,512	32,712	SH		SOLE		25,118	0	7,594
VIACOM INC NEW CL B	COM	92553P201	2,140	52,003	SH		SOLE		52,003	0	0
WALT DISNEY CO	COM	254687106	1,341	12,764	SH		SOLE		10,943	0	1,821
WELLS FARGO & CO	COM	949746101	1,424	26,197	SH		SOLE		18,334	0	7,863
GLAXOSMITHKLINE PLC SPONS ADR	ADR	37733W105	2,304	57,093	SH		SOLE		57,093	0	0
JA SOLAR HLDGS LTD F ADR 1 ADR	ADR	466090206	5,456	562,455	SH		SOLE		489,509	0	72,946
NOVO NORDISK A.S. ADR FORMERLY	ADR	670100205	1,740	29,963	SH		SOLE		29,963	0	0
ROYAL DUTCH SHELL PLC SPONSORE	ADR	780259107	1,831	39,768	SH		SOLE		39,768	0	0
TOTAL S A F ADR 1 ADR REPS 1 O	ADR	89151e109	307	6,835	SH		SOLE		4,907	0	1,928
TOYOTA MOTOR CORP F ADR 1 ADR	ADR	892331307	545	4,431	SH		SOLE		3,171	0	1,260
ISHARES RUSSELL 2000 ETF	ETF - EQUITY	464287655	687	6,097	SH		SOLE		4,360	0	1,737
POWERSHARES S&P 500 HIGH DIVID	ETF - EQUITY	73937B654	389	11,668	SH		SOLE		11,668	0	0
PROSHRES ULTRASHT 20 PLS YR TR	ETF - EQUITY	74347b201	577	13,092	SH		SOLE		9,429	0	3,663
SELECT STR FINANCIAL SELECT SP	ETF - EQUITY	81369y605	1,224	51,344	SH		SOLE		36,843	0	14,501
VANGUARD TOTAL STOCK MARKET ET	ETF - EQUITY	922908769	1,224	11,739	SH		SOLE		7,742	0	3,997
WISDOMTREE TR INTL DIVID EX-FI	ETF - EQUITY	97717W786	216	5,667	SH		SOLE		5,667	0	0
GAMCO GLOBAL GOLD NAT RES & IN	CLSD END EQ FD	36465A109	126	26,490	SH		SOLE		26,490	0	0
EXELON CORP CORP UNIT	CONV PFD	30161N127	403	9,970	SH		SOLE		9,970	0	0
WEYERHAEUSER CO PFD CONV SER A	CONV PFD	962166872	419	8,340	SH		SOLE		8,340	0	0
ABERDEEN ASIA-PACIFIC INCOME F	CLSD END INC FD	003009107	70	15,300	SH		SOLE		15,300	0	0
TEMPLETON GLOBAL INCOME FUND I	CLSD END INC FD	880198106	81	12,700	SH		SOLE		12,700	0	0
WELLTOWER INC COM STK	REIT	95040Q104	457	6,718	SH		SOLE		6,718	0	0