Oarsman Capital 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
AT&T Inc	COM	00206r102	1,401	41,718	SH		SOLE		40,753	0	965
AbbVie Inc.	COM	00287y109	1,612	24,629	SH		SOLE		22,425	0	2,204
Abbott Labs	COM	002824100	790	17,537	SH		SOLE		15,833	0	1,704
Accenture	COM	g1151c101	834	9,335	SH		SOLE		8,780	0	555
Air Products and Chemicals Inc	COM	009158106	268	1,856	SH		SOLE		1,030	0	826
Alliant Energy	COM	018802108	1,861	28,024	SH		SOLE		26,769	0	1,255
Altria Group	COM	02209s103	365	7,399	SH		SOLE		7,399	0	0
Amazon.com	COM	023135106	213	687	SH		SOLE		677	0	10
American Green Group, Inc.	COM	02639t200	0	50,000	SH		SOLE		50,000	0	0
Amgen	COM	031162100	1,247	7,828	SH		SOLE		7,403	0	425
Anadarko Petroleum	COM	032511107	478	5,796	SH		SOLE		5,256	0	540
Apache Corporation	COM	037411105	459	7,332	SH		SOLE		6,982	0	350
Apple Inc.	COM	037833100	3,092	28,017	SH		SOLE		27,138	0	879
Archer-Daniels-Midland Co.	COM	039483102	291	5,600	SH		SOLE		5,600	0	0
BHP Billiton Ltd ADR	COM	088606108	264	5,581	SH		SOLE		4,856	0	725
BP p.l.c.	COM	055622104	413	10,832	SH		SOLE		8,490	0	2,342
Bank of Montreal	COM	063671101	522	7,387	SH		SOLE		6,627	0	760
Berkshire Hathaway cl. A (1/10	COM	084990175	1,130	500	SH		SOLE		500	0	0
Berkshire Hathaway cl. B	COM	084670702	1,565	10,424	SH		SOLE		10,139	0	285
Brady Corp.	COM	104674106	298	10,885	SH		SOLE		10,885	0	0
Bristol-Myers Squibb	COM	110122108	261	4,425	SH		SOLE		4,425	0	0
Cambridge Heart	COM	131910101	0	25,000	SH		SOLE		25,000	0	0
Caterpillar Inc.	COM	149123101	532	5,815	SH		SOLE		5,350	0	465
Chevron Corp.	COM	166764100	1,742	15,533	SH		SOLE		14,466	0	1,067
Cigna Corp.	COM	125509109	206	2,000	SH		SOLE		2,000	0	0
Cisco Systems Inc.	COM	17275R102	864	31,045	SH		SOLE		29,495	0	1,550
Citigroup Inc.	COM	172967424	475	8,773	SH		SOLE		8,723	0	50
Coca-Cola Co.	COM	191216100	458	10,847	SH		SOLE		8,292	0	2,555
Colgate-Palmolive Co.	COM	194162103	1,584	22,899	SH		SOLE		20,684	0	2,215
DNAPrint Genomics, Inc.	COM	23324q202	0	29,000	SH		SOLE		29,000	0	0
Deere & Co	COM	244199105	953	10,771	SH		SOLE		10,536	0	235
Dominion Resources Inc.	COM	25746U109	557	7,242	SH		SOLE		6,902	0	340
Dow Chemical Corp.	COM	260543103	565	12,387	SH		SOLE		12,387	0	0
Du Pont E.I. De Nemour & Co.	COM	263534109	1,174	15,884	SH		SOLE		15,454	0	430
Duff & Phelps Select Income Fu	COM	23325P104	363	34,368	SH		SOLE		31,493	0	2,875
Duke Energy	COM	26441C204	385	4,607	SH		SOLE		4,607	0	0
EMC Corp.	COM	268648102	312	10,500	SH		SOLE		10,145	0	355
Emerson Electric Co.	COM	291011104	823	13,326	SH		SOLE		11,626	0	1,700
Exxon-Mobil	COM	30231G102	1,165	12,600	SH		SOLE		12,265	0	335
Facebook Inc.	COM	30303m102	795	10,191	SH		SOLE		9,531	0	660
Fastenal Co.	COM	311900104	390	8,208	SH		SOLE		7,188	0	1,020
Fiserv Inc.	COM	337738108	2,339	32,961	SH		SOLE		31,801	0	1,160
General Dynamics	COM	369550108	490	3,560	SH		SOLE		3,060	0	500
General Electric Co.	COM	369604103	4,275	169,162	SH		SOLE		165,767	0	3,395
Genuine Parts	COM	372460105	1,069	10,027	SH		SOLE		9,372	0	655
Gilead Sciences	COM	375558103	1,951	20,703	SH		SOLE		20,163	0	540
Google Inc. Class A	COM	38259p508	947	1,784	SH		SOLE		1,414	0	370
Google Inc. Class C Non-Voting	COM	38259p706	1,264	2,401	SH		SOLE		1,928	0	473
Halliburton Co.	COM	406216101	472	11,996	SH		SOLE		11,921	0	75
Hard To Treat Diseases	COM	41164a103	0	100,000	SH		SOLE		100,000	0	0
Harley Davidson	COM	412822108	425	6,454	SH		SOLE		6,454	0	0
Hershey Foods Corp	COM	427866108	215	2,070	SH		SOLE		2,070	0	0
Home Depot Inc.	COM	437076102	259	2,470	SH		SOLE		2,470	0	0
Integrys Energy Group, Inc	COM	45822p105	395	5,074	SH		SOLE		4,224	0	850
Intel Corp.	COM	458140100	2,039	56,198	SH		SOLE		52,948	0	3,250
Intl Business Mach. Corp.	COM	459200101	1,087	6,773	SH		SOLE		6,298	0	475
J.P. Morgan Chase & Co.	COM	46625H100	1,005	16,061	SH		SOLE		15,108	0	953
Johnson & Johnson	COM	478160104	3,105	29,695	SH		SOLE		27,565	0	2,130
Johnson Controls	COM	478366107	1,560	32,277	SH		SOLE		30,107	0	2,170
Kimberly-Clark Corp.	COM	494368103	1,999	17,301	SH		SOLE		16,946	0	355
Kohl's Corp.	COM	500255104	1,547	25,338	SH		SOLE		24,243	0	1,095
MGE Energy	COM	55277p104	1,648	36,122	SH		SOLE		35,972	0	150
MGIC Investment Corp.	COM	552848103	778	83,462	SH		SOLE		82,137	0	1,325
McDonald's	COM	580135101	892	9,520	SH		SOLE		9,220	0	300
Medtronic Inc	COM	585055106	1,860	25,760	SH		SOLE		24,125	0	1,635
Microsoft Corp.	COM	594918104	2,374	51,104	SH		SOLE		48,699	0	2,405
Minnesota Mining & Manufacturi	COM	88579Y101	375	2,285	SH		SOLE		2,285	0	0
National HealthCare Logs	COM	63633Y108	0	200,000	SH		SOLE		200,000	0	0
Nordstrom Inc.	COM	655664100	619	7,801	SH		SOLE		7,056	0	745
Novartis AG	COM	66987v109	1,588	17,140	SH		SOLE		16,295	0	845
Occidental Petroleum	COM	674599105	563	6,990	SH		SOLE		6,990	0	0
Oracle Corp.	COM	68389X105	1,453	32,311	SH		SOLE		30,311	0	2,000
Oshkosh Corp	COM	688239201	304	6,250	SH		SOLE		6,250	0	0
Paychex	COM	704326107	541	11,724	SH		SOLE		11,604	0	120
Pepsico Inc.	COM	713448108	2,277	24,076	SH		SOLE		22,806	0	1,270
Pfizer Inc.	COM	717081103	1,564	50,209	SH		SOLE		48,954	0	1,255
Philip Morris International	COM	718172109	384	4,710	SH		SOLE		4,535	0	175
Praxair	COM	74005P104	818	6,312	SH		SOLE		5,867	0	445
Procter & Gamble Co.	COM	742718109	2,521	27,677	SH		SOLE		25,686	0	1,991
Prudential Financial, Inc.	COM	744320102	1,207	13,343	SH		SOLE		12,853	0	490
Qualcomm Inc.	COM	747525103	1,019	13,710	SH		SOLE		12,860	0	850
RPM Inc.	COM	749685103	2,785	54,918	SH		SOLE		52,028	0	2,890
Range Resources	COM	75281a109	540	10,105	SH		SOLE		9,605	0	500
Regal-Beloit Corp.	COM	758750103	799	10,625	SH		SOLE		9,745	0	880
Ridgestone Finl Svcs Inc	COM	76610v103	131	12,500	SH		SOLE		12,500	0	0
Rockwell Automation	COM	773903109	445	3,998	SH		SOLE		3,998	0	0
Schlumberger Ltd.	COM	806857108	920	10,776	SH		SOLE		9,701	0	1,075
Sensient Technologies	COM	81725T100	304	5,030	SH		SOLE		30	0	5,000
Stanley Black & Decker, Inc.	COM	854502101	849	8,839	SH		SOLE		8,604	0	235
Teva Pharmaceutical Ind.	COM	881624209	1,453	25,269	SH		SOLE		24,184	0	1,085
U.S. Bancorp	COM	902973304	750	16,685	SH		SOLE		15,675	0	1,010
United Technologies Corp.	COM	913017109	424	3,685	SH		SOLE		3,460	0	225
UnitedHealth Group Inc	COM	91324p102	648	6,406	SH		SOLE		6,366	0	40
VF Corp	COM	918204108	1,743	23,277	SH		SOLE		22,447	0	830
Valero Energy Corp	COM	91913y100	350	7,080	SH		SOLE		6,905	0	175
Vectren Corp.	COM	92240G101	214	4,624	SH		SOLE		0	0	4,624
Verizon	COM	92343V104	1,305	27,897	SH		SOLE		26,262	0	1,635
Wal-Mart Stores Inc.	COM	931142103	818	9,530	SH		SOLE		9,080	0	450
Walgreens Boots Alliance	COM	931427108	3,461	45,423	SH		SOLE		26,449	0	18,974
Walt Disney Productions	COM	254687106	548	5,821	SH		SOLE		5,821	0	0
Wells Fargo & Co.	COM	949746101	803	14,650	SH		SOLE		13,460	0	1,190
Wisconsin Energy Corp.	COM	976657106	1,378	26,126	SH		SOLE		26,126	0	0
YUM! Brands, Inc.	COM	988498101	302	4,140	SH		SOLE		3,850	0	290
Dow Jones Utility Index (iShar	ETF	464287697	212	1,790	SH		SOLE		1,790	0	0
Madison Covered Call&Equity St	ETF	557437100	808	99,220	SH		SOLE		91,020	0	8,200
MidCap SPDRs	ETF	78467y107	439	1,663	SH		SOLE		1,663	0	0
NASDAQ 100 Index Tracker	ETF	73935A104	220	2,133	SH		SOLE		2,133	0	0
S&P 500/Barra Growth (iShares)	ETF	464287309	230	2,059	SH		SOLE		1,499	0	560
S&P 500/Barra Value (iShares)	ETF	464287408	262	2,798	SH		SOLE		2,148	0	650
S&P Dep Receipts	ETF	78462f103	720	3,503	SH		SOLE		3,503	0	0
S&P High Yield Dividend Aristo	ETF	78464a763	242	3,068	SH		SOLE		3,068	0	0
SPDR Dow Jones Industrial Aver	ETF	78467x109	516	2,903	SH		SOLE		2,903	0	0
Schwab U.S. Large-Cap Growth E	ETF	808524300	252	4,869	SH		SOLE		4,609	0	260
Schwab U.S. Mid Cap ETF	ETF	808524508	222	5,453	SH		SOLE		5,311	0	142
Schwab US Dividend Equity ETF	ETF	808524797	400	10,034	SH		SOLE		9,668	0	366
Vanguard High Dividend Yield I	ETF	921946406	2,002	29,114	SH		SOLE		29,114	0	0
Vanguard Mega Cap 300 Growth I	ETF	921910816	2,438	30,000	SH		SOLE		30,000	0	0
Vanguard Mid Cap ETF	ETF	922908629	872	7,055	SH		SOLE		7,055	0	0
iShares DJ Transp Avg	ETF	464287192	272	1,655	SH		SOLE		1,655	0	0
S&P 600/Barra Growth Index (iS	SMLC	464287887	1,268	10,363	SH		SOLE		9,732	0	631
S&P 600/Barra Value Index (iSh	SMLC	464287879	1,245	10,554	SH		SOLE		10,109	0	445
Vanguard Small Cap ETF	SMLC	922908751	1,057	9,060	SH		SOLE		9,060	0	0
WisdomTree SmallCap Dividend E	SMLC	97717w604	377	5,320	SH		SOLE		5,320	0	0
China-H FTSE/Xinhua 25 Index (	INTL	464287184	490	11,763	SH		SOLE		10,538	0	1,225
Europe/Australia/Far-East Inde	INTL	464287465	677	11,120	SH		SOLE		9,856	0	1,264
Latin America Index (iShares)	INTL	464287390	235	7,385	SH		SOLE		6,695	0	690
MSCI Emerging Markets Index (i	INTL	464287234	556	14,140	SH		SOLE		12,760	0	1,380
SPDR S&P International Dividen	INTL	78463X772	214	5,081	SH		SOLE		4,831	0	250
Vanguard Emerging Markets Stoc	INTL	922042858	1,314	32,843	SH		SOLE		32,743	0	100
Vanguard FTSE Developed Market	INTL	921943858	1,049	27,698	SH		SOLE		27,698	0	0
Wisdom Tree Japan Hedged Equit	INTL	97717W851	366	7,429	SH		SOLE		7,229	0	200
WisdomTree EAFE Dividend-Wgtd	INTL	97717w703	799	16,106	SH		SOLE		15,681	0	425
WisdomTree Emerg Mkts High-Yie	INTL	97717w315	316	7,504	SH		SOLE		7,159	0	345
iShares Dow Jones EPAC Select	INTL	464288448	631	18,737	SH		SOLE		17,642	0	1,095
iShares MSCI All Country Asia	INTL	464288182	480	7,877	SH		SOLE		7,200	0	677
iShares MSCI EAFE Small Cap In	INTL	464288273	223	4,781	SH		SOLE		4,781	0	0
Alliance Bernstein Income Fund	FIXD	01881e101	87	11,708	SH		SOLE		11,708	0	0
BlackRock Debt Strategies Fund	FIXD	09255r103	38	10,279	SH		SOLE		10,279	0	0
BlackRock Int. Duration Munici	FIXD	09253X102	1,093	75,890	SH		SOLE		72,710	0	3,180
BlackRock MuniAssets Fund	FIXD	09254j102	578	41,880	SH		SOLE		40,880	0	1,000
Calamos Convertible & High Inc	FIXD	12811p108	421	30,455	SH		SOLE		26,555	0	3,900
Eaton Vance Limited Duration I	FIXD	27828H105	538	38,085	SH		SOLE		34,485	0	3,600
Nuveen Municipal Value Fund In	FIXD	670928100	198	20,550	SH		SOLE		20,550	0	0
PIMCO 1-5 Year US TIPS Index E	FIXD	72201r205	530	10,250	SH		SOLE		10,233	0	17
PIMCO Corporate Opportunity Fu	FIXD	72201b101	440	27,650	SH		SOLE		25,500	0	2,150
PIMCO Enhanced Short Maturity	FIXD	72201r833	398	3,940	SH		SOLE		3,565	0	375
PowerShares CEF Income Composi	FIXD	73936q843	253	10,715	SH		SOLE		10,165	0	550
Putnam Master Intrm Inc Tr	FIXD	746909100	64	13,320	SH		SOLE		13,320	0	0
SPDR Barclays Capital High Yie	FIXD	78464a417	567	14,681	SH		SOLE		14,681	0	0
SPDR Nuveen Barclays Cap Build	FIXD	78464a276	498	7,903	SH		SOLE		7,649	0	254
SPDR Nuveen S&P High Yield Mun	FIXD	78464A284	297	5,154	SH		SOLE		4,954	0	200
SPDR Short Term Municipal Bond	FIXD	78464a425	910	37,445	SH		SOLE		37,445	0	0
Schwab Intermediate-Term U.S.	FIXD	808524854	218	4,061	SH		SOLE		3,821	0	240
iShares 3-7 Year Treasury Bond	FIXD	464288661	617	5,045	SH		SOLE		5,045	0	0
iShares Barclays 1-3 Yr Credit	FIXD	464288646	228	2,163	SH		SOLE		2,133	0	30
iShares Barclays Aggregate Bon	FIXD	464287226	1,207	10,960	SH		SOLE		10,960	0	0
iShares Barclays TIPS Bond Fun	FIXD	464287176	830	7,412	SH		SOLE		7,377	0	35
iShares iBoxx Invest Grade Cor	FIXD	464287242	1,873	15,687	SH		SOLE		15,502	0	185
Gold Shares SPDR	CMDT	78463v107	550	4,845	SH		SOLE		4,535	0	310
iPath Dow Jones-AIG Commodity	CMDT	06738C778	598	19,978	SH		SOLE		19,978	0	0
iShares Gold Trust	CMDT	464285105	142	12,379	SH		SOLE		10,914	0	1,465
Claymore/Clear Global Timber I	REAL	18383q879	220	9,057	SH		SOLE		7,657	0	1,400
Cohen & Steers Global Realty M	REAL	00162q106	214	4,927	SH		SOLE		4,927	0	0
Columbia Property Trust, Inc.	REAL	198287203	207	8,177	SH		SOLE		8,177	0	0
Mortgage REIT Index	REAL	464288539	178	15,233	SH		SOLE		14,783	0	450
SPDR Dow Jones Global Real Est	REAL	78463x749	786	16,475	SH		SOLE		16,457	0	18
iShares S&P Global Timber & Fo	REAL	464288174	224	4,225	SH		SOLE		3,725	0	500
Calamos Market Neutral Income	HEDG	128119203	691	53,317	SH		SOLE		53,317	0	0
DWS RREEF Global Infrastructur	HEDG	25156a809	396	26,539	SH		SOLE		26,313	0	226
Goldman Sachs Satellite Strate	HEDG	38143H357	348	44,063	SH		SOLE		43,182	0	881