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
3M Company	COM	88579Y101	276	1,432	SH		SOLE		1,432	0	0
AT&T Inc	COM	00206r102	1,678	55,437	SH		SOLE		55,247	0	190
AbbVie Inc.	COM	00287y109	3,446	31,840	SH		SOLE		30,785	0	1,055
Abbott Labs	COM	002824100	1,068	8,916	SH		SOLE		8,481	0	435
Accenture	COM	g1151c101	1,025	3,710	SH		SOLE		3,385	0	325
Allegheny Technologies	COM	01741r102	2,089	99,195	SH		SOLE		97,970	0	1,225
Alliant Energy	COM	018802108	1,494	27,588	SH		SOLE		26,921	0	667
Alphabet Inc. Class A	COM	02079k305	1,955	948	SH		SOLE		579	0	369
Alphabet Inc. Class C	COM	02079k107	7,464	3,608	SH		SOLE		2,171	0	1,437
Altria Group	COM	02209s103	357	6,970	SH		SOLE		6,970	0	0
Amazon.com	COM	023135106	2,819	911	SH		SOLE		879	0	32
Amgen	COM	031162100	1,314	5,283	SH		SOLE		5,021	0	262
Apache Corporation	COM	03743q108	583	32,572	SH		SOLE		32,472	0	100
Apple Inc.	COM	037833100	8,582	70,256	SH		SOLE		68,591	0	1,665
Bank of America	COM	060505104	1,826	47,185	SH		SOLE		46,140	0	1,045
Bank of Montreal	COM	063671101	212	2,377	SH		SOLE		2,227	0	150
Berkshire Hathaway cl. A (1/10	COM	084990175	771	200	SH		SOLE		200	0	0
Berkshire Hathaway cl. B	COM	084670702	2,834	11,095	SH		SOLE		10,838	0	257
Boeing	COM	097023105	205	806	SH		SOLE		786	0	20
Bristol-Myers Squibb	COM	110122108	2,066	32,726	SH		SOLE		31,766	0	960
Broadcom Inc.	COM	11135f101	1,702	3,670	SH		SOLE		3,522	0	148
Bunge Ltd	COM	g16962105	1,660	20,940	SH		SOLE		20,310	0	630
CVS Caremark Corp	COM	126650100	3,945	52,435	SH		SOLE		50,845	0	1,590
Cambridge Heart	COM	131910101	25	25,000	SH		SOLE		25,000	0	0
Capital One Finl	COM	14040H105	1,485	11,673	SH		SOLE		11,313	0	360
Carnival Corporation	COM	143658300	736	27,747	SH		SOLE		27,142	0	605
Caterpillar Inc.	COM	149123101	2,022	8,719	SH		SOLE		8,584	0	135
Chevron Corp.	COM	166764100	790	7,536	SH		SOLE		7,216	0	320
China Jo-Jo Drugstores, Inc.	COM	16949a206	21	19,000	SH		SOLE		19,000	0	0
Cigna Corp.	COM	125523100	216	895	SH		SOLE		895	0	0
Cisco Systems Inc.	COM	17275R102	722	13,963	SH		SOLE		13,408	0	555
Citigroup Inc.	COM	172967424	1,832	25,181	SH		SOLE		24,461	0	720
Coca-Cola Co.	COM	191216100	259	4,906	SH		SOLE		4,426	0	480
Colgate-Palmolive Co.	COM	194162103	475	6,020	SH		SOLE		5,620	0	400
Deere & Co	COM	244199105	614	1,640	SH		SOLE		1,640	0	0
Diebold, Incorporated	COM	253651103	249	17,600	SH		SOLE		17,600	0	0
Dominion Resources Inc.	COM	25746U109	261	3,434	SH		SOLE		3,164	0	270
Duke Energy	COM	26441C204	228	2,366	SH		SOLE		2,366	0	0
Exact Sciences Corp.	COM	30063P105	224	1,700	SH		SOLE		1,700	0	0
Expedia Group, Inc.	COM	30212P303	1,048	6,089	SH		SOLE		5,884	0	205
Exxon-Mobil	COM	30231G102	265	4,751	SH		SOLE		4,526	0	225
Facebook Inc.	COM	30303m102	618	2,099	SH		SOLE		1,599	0	500
Fastenal Co.	COM	311900104	419	8,331	SH		SOLE		7,731	0	600
FedEx Corp.	COM	31428X106	1,046	3,683	SH		SOLE		3,528	0	155
Fidelity National Info Service	COM	31620m106	269	1,912	SH		SOLE		1,912	0	0
Fiserv Inc.	COM	337738108	5,921	49,736	SH		SOLE		48,806	0	930
Freeport-McMoran	COM	35671D857	1,220	37,060	SH		SOLE		35,435	0	1,625
General Dynamics	COM	369550108	411	2,261	SH		SOLE		2,226	0	35
General Electric Co.	COM	369604103	1,015	77,341	SH		SOLE		77,131	0	210
Genuine Parts	COM	372460105	548	4,745	SH		SOLE		4,545	0	200
Goldman Sachs	COM	38141G104	1,493	4,565	SH		SOLE		4,435	0	130
Grayscale Bitcoin Trust (BTC)	COM	389637109	234	4,673	SH		SOLE		4,563	0	110
Healthier Choices Management C	COM	42226n109	0	20,000	SH		SOLE		20,000	0	0
Helen of Troy, Ltd	COM	g4388n106	1,938	9,198	SH		SOLE		8,768	0	430
Hershey Foods Corp	COM	427866108	316	2,000	SH		SOLE		2,000	0	0
Home Depot Inc.	COM	437076102	344	1,126	SH		SOLE		1,126	0	0
Ingersoll Rand Inc.	COM	45687v106	422	8,572	SH		SOLE		8,572	0	0
Intel Corp.	COM	458140100	1,053	16,449	SH		SOLE		15,989	0	460
Intl Business Mach. Corp.	COM	459200101	216	1,624	SH		SOLE		1,494	0	130
Invesco S&P 500 Equal Weight E	COM	46137V365	2,291	56,901	SH		SOLE		56,261	0	640
J.P. Morgan Chase	COM	46625H100	3,642	23,921	SH		SOLE		23,420	0	501
Johnson & Johnson	COM	478160104	4,444	27,042	SH		SOLE		26,167	0	875
Johnson Controls Intl plc	COM	G51502105	1,091	18,287	SH		SOLE		17,427	0	860
Kimberly-Clark Corp.	COM	494368103	1,818	13,075	SH		SOLE		12,725	0	350
Lilly Eli & Co.	COM	532457108	324	1,735	SH		SOLE		1,535	0	200
Lockheed Martin Corp.	COM	539830109	314	850	SH		SOLE		850	0	0
MGE Energy	COM	55277p104	628	8,790	SH		SOLE		8,640	0	150
MGIC Investment Corp.	COM	552848103	3,378	243,875	SH		SOLE		237,730	0	6,145
McDonald's	COM	580135101	1,263	5,633	SH		SOLE		5,528	0	105
Medical Marijuana, Inc.	COM	58463a105	2	42,300	SH		SOLE		42,300	0	0
Medtronic plc	COM	g5960l103	1,584	13,409	SH		SOLE		12,534	0	875
Merck & Co. Inc.	COM	58933y105	250	3,237	SH		SOLE		2,997	0	240
Microsoft Corp.	COM	594918104	8,778	37,229	SH		SOLE		36,354	0	875
Modine Manufacturing	COM	607828100	1,166	78,974	SH		SOLE		77,174	0	1,800
Mosaic Company	COM	61945c103	1,180	37,340	SH		SOLE		36,025	0	1,315
NVidia Corp	COM	67066G104	1,711	3,205	SH		SOLE		3,165	0	40
Newmont Mining Corp	COM	651639106	601	9,968	SH		SOLE		9,848	0	120
Novartis AG	COM	66987v109	1,628	19,051	SH		SOLE		18,636	0	415
O-I Glass, Inc.	COM	67098h104	1,822	123,600	SH		SOLE		123,600	0	0
Olin Corp	COM	680665205	2,207	58,130	SH		SOLE		56,830	0	1,300
Omnicom Group	COM	681919106	447	6,025	SH		SOLE		6,025	0	0
Oracle Corp.	COM	68389X105	812	11,576	SH		SOLE		11,026	0	550
Oshkosh Corp	COM	688239201	1,497	12,615	SH		SOLE		12,145	0	470
PayPal Holdings, Inc.	COM	70450y103	1,718	7,073	SH		SOLE		6,928	0	145
Paychex	COM	704326107	283	2,885	SH		SOLE		2,885	0	0
Pepsico Inc.	COM	713448108	1,762	12,455	SH		SOLE		11,955	0	500
Pfizer Inc.	COM	717081103	945	26,086	SH		SOLE		25,936	0	150
Philip Morris International	COM	718172109	215	2,421	SH		SOLE		2,246	0	175
Procter & Gamble Co.	COM	742718109	1,338	9,876	SH		SOLE		9,276	0	600
Prudential Financial, Inc.	COM	744320102	280	3,075	SH		SOLE		2,840	0	235
Quad/Graphics, Inc.	COM	747301109	106	30,150	SH		SOLE		30,150	0	0
Qualcomm Inc.	COM	747525103	1,823	13,750	SH		SOLE		13,430	0	320
RPM Inc.	COM	749685103	1,757	19,128	SH		SOLE		18,548	0	580
Range Resources	COM	75281a109	308	29,770	SH		SOLE		28,720	0	1,050
Regal-Beloit Corp.	COM	758750103	224	1,570	SH		SOLE		1,220	0	350
Square, Inc.	COM	852234103	416	1,834	SH		SOLE		1,814	0	20
Stanley Black & Decker, Inc.	COM	854502101	469	2,350	SH		SOLE		2,225	0	125
TCF Financial Corporation	COM	872307103	1,800	38,733	SH		SOLE		37,813	0	920
Target Corp.	COM	87612E106	1,218	6,147	SH		SOLE		5,930	0	217
Tesla Motors, Inc.	COM	88160R101	564	845	SH		SOLE		845	0	0
The Interpublic Group of Compa	COM	460690100	306	10,466	SH		SOLE		10,466	0	0
The Walt Disney Co.	COM	254687106	889	4,819	SH		SOLE		4,819	0	0
U.S. Bancorp	COM	902973304	203	3,672	SH		SOLE		3,372	0	300
Union Pacific Corp.	COM	907818108	243	1,100	SH		SOLE		1,100	0	0
UnitedHealth Group Inc	COM	91324p102	2,213	5,949	SH		SOLE		5,796	0	153
VF Corp	COM	918204108	845	10,574	SH		SOLE		9,794	0	780
Verizon	COM	92343V104	1,347	23,158	SH		SOLE		22,858	0	300
Visa Inc.	COM	92826c839	1,434	6,772	SH		SOLE		6,467	0	305
Vodafone Grp PLC	COM	92857w308	2,184	118,477	SH		SOLE		115,622	0	2,855
WD 40 Company	COM	929236107	547	1,785	SH		SOLE		1,785	0	0
WEC Energy Group, Inc.	COM	92939u106	1,513	16,164	SH		SOLE		15,389	0	775
Wal-Mart Stores Inc.	COM	931142103	733	5,396	SH		SOLE		5,246	0	150
Walgreens Boots Alliance	COM	931427108	819	14,911	SH		SOLE		14,356	0	555
Wells Fargo & Co.	COM	949746101	1,302	33,326	SH		SOLE		32,671	0	655
XCel Energy Inc.	COM	98389b100	577	8,672	SH		SOLE		8,672	0	0
XPO Logistics, Inc.	COM	983793100	1,136	9,212	SH		SOLE		9,007	0	205
ARK Innovation ETF	ETF	00214Q104	371	3,090	SH		SOLE		3,043	0	47
Duff & Phelps Select Income Fu	ETF	23325P104	184	18,620	SH		SOLE		17,345	0	1,275
Madison Covered Call&Equity St	ETF	557437100	143	18,873	SH		SOLE		16,873	0	2,000
MidCap SPDRs	ETF	78467y107	437	918	SH		SOLE		918	0	0
S&P 500/Barra Value (iShares)	ETF	464287408	250	1,770	SH		SOLE		1,700	0	70
S&P Dep Receipts	ETF	78462f103	621	1,566	SH		SOLE		1,356	0	210
S&P Midcap 400 Index (iShares)	ETF	464287507	1,195	4,593	SH		SOLE		4,382	0	211
SPDR Portfolio Mid Cap ETF	ETF	78464A847	1,593	34,802	SH		SOLE		33,412	0	1,390
SPDR Portfolio S&P 500 High Di	ETF	78468r788	1,225	31,815	SH		SOLE		30,090	0	1,725
SPDR S&P 500 Growth ETF	ETF	78464A409	4,946	87,696	SH		SOLE		82,794	0	4,902
SPDR S&P 500 Value ETF	ETF	78464A508	4,626	122,053	SH		SOLE		113,669	0	8,384
Schwab U.S. Large-Cap ETF	ETF	808524201	697	7,260	SH		SOLE		7,260	0	0
Schwab U.S. Large-Cap Growth E	ETF	808524300	750	5,780	SH		SOLE		5,406	0	374
Schwab U.S. Large-Cap Value ET	ETF	808524409	221	3,385	SH		SOLE		2,849	0	536
Schwab US Dividend Equity ETF	ETF	808524797	831	11,391	SH		SOLE		10,741	0	650
Vanguard Mega Cap 300 Growth I	ETF	921910816	445	2,147	SH		SOLE		2,147	0	0
Vanguard Total Stock Market ET	ETF	922908769	219	1,059	SH		SOLE		1,046	0	13
iShares Core S&P U.S. Growth E	ETF	464287671	288	3,176	SH		SOLE		3,176	0	0
iShares Russell Growth Midcap	ETF	464287481	247	2,424	SH		SOLE		2,424	0	0
S&P 600/Barra Growth Index (iS	SMLC	464287887	3,025	23,593	SH		SOLE		22,544	0	1,049
S&P 600/Barra Value Index (iSh	SMLC	464287879	3,656	36,294	SH		SOLE		35,345	0	949
SPDR Portfolio Small Cap ETF	SMLC	78468R853	5,663	133,970	SH		SOLE		131,525	0	2,445
Schwab U.S. Small-Cap ETF	SMLC	808524607	1,408	14,131	SH		SOLE		12,863	0	1,268
Vanguard Small Cap ETF	SMLC	922908751	261	1,218	SH		SOLE		1,218	0	0
iShares S&P SmallCap 600 Index	SMLC	464287804	397	3,654	SH		SOLE		3,279	0	375
China-H FTSE/Xinhua 25 Index (	INTL	464287184	241	5,164	SH		SOLE		4,364	0	800
Europe/Australia/Far-East Inde	INTL	464287465	551	7,259	SH		SOLE		7,070	0	189
MSCI Emerging Markets Index (i	INTL	464287234	536	10,057	SH		SOLE		9,602	0	455
MSCI Japan Index (iShares)	INTL	46434g822	377	5,507	SH		SOLE		5,272	0	235
SPDR Portfolio Emerging Market	INTL	78463X509	2,366	54,049	SH		SOLE		53,297	0	752
SPDR S&P Developed World ex-US	INTL	78463X889	2,638	74,613	SH		SOLE		73,948	0	665
Schwab Emerging Markets Equity	INTL	808524706	252	7,940	SH		SOLE		7,940	0	0
Schwab Fundamental Emerg Mkts	INTL	808524730	431	14,020	SH		SOLE		13,670	0	350
Schwab International Equity ET	INTL	808524805	921	24,491	SH		SOLE		22,450	0	2,041
Vanguard Emerging Markets Stoc	INTL	922042858	527	10,125	SH		SOLE		9,900	0	225
Vanguard FTSE All-World ex-US	INTL	922042775	345	5,678	SH		SOLE		5,678	0	0
Vanguard FTSE Developed Market	INTL	921943858	2,182	44,430	SH		SOLE		42,505	0	1,925
Wisdom Tree Japan Hedged Equit	INTL	97717W851	450	7,340	SH		SOLE		6,855	0	485
WisdomTree EAFE Dividend-Wgtd	INTL	97717w703	1,177	22,383	SH		SOLE		21,883	0	500
WisdomTree Emerg Mkts High-Yie	INTL	97717w315	401	9,042	SH		SOLE		8,907	0	135
WisdomTree Int'l Hedged Divide	INTL	97717x594	228	5,525	SH		SOLE		5,325	0	200
iShares MSCI All Country Asia	INTL	464288182	707	7,631	SH		SOLE		6,781	0	850
BlackRock Int. Duration Munici	FIXD	09253X102	1,232	81,888	SH		SOLE		78,748	0	3,140
BlackRock MuniAssets Fund	FIXD	09254j102	1,141	74,865	SH		SOLE		72,865	0	2,000
Calamos Convertible & High Inc	FIXD	12811p108	687	46,095	SH		SOLE		42,520	0	3,575
Eaton Vance Limited Duration I	FIXD	27828h105	465	36,847	SH		SOLE		33,397	0	3,450
First Trust TCW Opportunistic	FIXD	33740F805	1,907	36,090	SH		SOLE		33,477	0	2,613
Invesco CEF Income Composite E	FIXD	46138e404	1,374	59,085	SH		SOLE		54,420	0	4,665
Invesco Ultra Short-Duration E	FIXD	46090a887	316	6,265	SH		SOLE		5,265	0	1,000
Nuveen Dividend Advantage Muni	FIXD	67071l106	181	10,725	SH		SOLE		10,725	0	0
Nuveen Municipal Value Fund In	FIXD	670928100	328	29,400	SH		SOLE		29,400	0	0
PIMCO Corporate Opportunity Fu	FIXD	72201b101	565	30,937	SH		SOLE		29,937	0	1,000
PIMCO Enhanced Short Maturity	FIXD	72201r833	681	6,686	SH		SOLE		6,686	0	0
Pacer Trendpilot US Bond ETF	FIXD	69374h642	3,957	145,093	SH		SOLE		141,101	0	3,992
Putnam Master Intrm Inc Tr	FIXD	746909100	58	13,500	SH		SOLE		13,500	0	0
SPDR Lehman Municipal Bond ETF	FIXD	78468r721	239	4,621	SH		SOLE		4,621	0	0
SPDR Short Term Municipal Bond	FIXD	78468r739	787	15,874	SH		SOLE		15,874	0	0
Schwab US Aggregate Bond ETF	FIXD	808524839	308	5,713	SH		SOLE		5,478	0	235
Templeton Global Income Fund	FIXD	880198106	77	14,500	SH		SOLE		5,100	0	9,400
Vanguard Total Intl Bond Ind E	FIXD	92203j407	220	3,848	SH		SOLE		3,848	0	0
WisdomTree Floating Rate Treas	FIXD	97717X628	1,933	76,993	SH		SOLE		73,561	0	3,432
iShares Barclays TIPS Bond Fun	FIXD	464287176	498	3,967	SH		SOLE		3,467	0	500
iShares Core International Agg	FIXD	46435g672	1,539	28,044	SH		SOLE		27,267	0	777
iShares Short-Term Corporate B	FIXD	464288646	934	17,087	SH		SOLE		16,987	0	100
iShares iBoxx Invest Grade Cor	FIXD	464287242	712	5,473	SH		SOLE		5,453	0	20
Gold Shares SPDR	CMDT	78463v107	6,784	42,411	SH		SOLE		41,286	0	1,125
Sprott Physical Gold and Silve	CMDT	85208r101	202	11,625	SH		SOLE		525	0	11,100
iShares Gold Trust	CMDT	464285105	498	30,624	SH		SOLE		27,274	0	3,350
DJ Wilshire Int'l Real Estate	REAL	78463x863	798	23,173	SH		SOLE		21,325	0	1,848
Invesco MSCI Global Timber ETF	REAL	46138e545	284	7,900	SH		SOLE		7,250	0	650
SPDR Dow Jones Global Real Est	REAL	78463x749	665	14,086	SH		SOLE		13,736	0	350
Weyerhaeuser Co.	REAL	962166104	223	6,263	SH		SOLE		6,263	0	0
iShares S&P Global Timber & Fo	REAL	464288174	590	6,917	SH		SOLE		6,545	0	372
ProShares S&P 500 Index Invers	HEDG	74347b425	184	10,958	SH		SOLE		10,358	0	600