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	284	1,432	SH		SOLE		1,432	0	0
AT&T Inc	COM	00206r102	2,420	84,091	SH		SOLE		82,921	0	1,170
AbbVie Inc.	COM	00287y109	3,434	30,488	SH		SOLE		29,483	0	1,005
Abbott Labs	COM	002824100	1,034	8,916	SH		SOLE		8,481	0	435
Accenture	COM	g1151c101	1,094	3,710	SH		SOLE		3,385	0	325
Air Products and Chemicals Inc	COM	009158106	201	700	SH		SOLE		500	0	200
Allegheny Technologies	COM	01741r102	1,772	84,995	SH		SOLE		83,770	0	1,225
Alliant Energy	COM	018802108	1,483	26,593	SH		SOLE		25,926	0	667
Alphabet Inc. Class A	COM	02079k305	2,307	945	SH		SOLE		579	0	366
Alphabet Inc. Class C	COM	02079k107	11,483	4,582	SH		SOLE		3,145	0	1,437
Altria Group	COM	02209s103	332	6,970	SH		SOLE		6,970	0	0
Amazon.com	COM	023135106	3,141	913	SH		SOLE		884	0	29
Amgen	COM	031162100	1,273	5,223	SH		SOLE		4,961	0	262
Apache Corporation	COM	03743q108	692	31,972	SH		SOLE		31,872	0	100
Apple Inc.	COM	037833100	9,433	68,872	SH		SOLE		67,207	0	1,665
AstraZeneca plc. ADS	COM	046353108	1,019	17,015	SH		SOLE		16,735	0	280
Bank of America	COM	060505104	1,944	47,155	SH		SOLE		46,110	0	1,045
Bank of Montreal	COM	063671101	240	2,337	SH		SOLE		2,187	0	150
Berkshire Hathaway cl. A (1/10	COM	084990175	837	200	SH		SOLE		200	0	0
Berkshire Hathaway cl. B	COM	084670702	2,749	9,890	SH		SOLE		9,658	0	232
Bristol-Myers Squibb	COM	110122108	1,691	25,306	SH		SOLE		24,516	0	790
Broadcom Inc.	COM	11135f101	1,784	3,741	SH		SOLE		3,578	0	163
Bunge Ltd	COM	g16962105	1,730	22,140	SH		SOLE		21,250	0	890
CVS Caremark Corp	COM	126650100	4,139	49,604	SH		SOLE		48,014	0	1,590
Cabot Oil & Gas Corporation	COM	127097103	262	15,000	SH		SOLE		15,000	0	0
Cambridge Heart	COM	131910101	0	25,000	SH		SOLE		25,000	0	0
Capital One Finl	COM	14040H105	2,395	15,480	SH		SOLE		15,095	0	385
Carnival Corporation	COM	143658300	741	28,092	SH		SOLE		27,487	0	605
Caterpillar Inc.	COM	149123101	1,695	7,789	SH		SOLE		7,669	0	120
Chevron Corp.	COM	166764100	780	7,446	SH		SOLE		7,126	0	320
China Jo-Jo Drugstores, Inc.	COM	16949a206	18	19,000	SH		SOLE		19,000	0	0
Cigna Corp.	COM	125523100	212	896	SH		SOLE		896	0	0
Cisco Systems Inc.	COM	17275R102	709	13,378	SH		SOLE		12,823	0	555
Citigroup Inc.	COM	172967424	1,788	25,271	SH		SOLE		24,551	0	720
Coca-Cola Co.	COM	191216100	262	4,846	SH		SOLE		4,366	0	480
Colgate-Palmolive Co.	COM	194162103	486	5,970	SH		SOLE		5,570	0	400
Deere & Co	COM	244199105	545	1,545	SH		SOLE		1,545	0	0
Dentsply Intl.	COM	24906p109	842	13,310	SH		SOLE		13,095	0	215
Diebold, Incorporated	COM	253651103	226	17,600	SH		SOLE		17,600	0	0
Dominion Resources Inc.	COM	25746U109	253	3,434	SH		SOLE		3,164	0	270
Duke Energy	COM	26441C204	255	2,580	SH		SOLE		2,580	0	0
Exact Sciences Corp.	COM	30063P105	204	1,643	SH		SOLE		1,643	0	0
Expedia Group, Inc.	COM	30212P303	1,449	8,853	SH		SOLE		8,608	0	245
Exxon-Mobil	COM	30231G102	315	5,001	SH		SOLE		4,826	0	175
Facebook Inc.	COM	30303m102	704	2,024	SH		SOLE		1,524	0	500
Fastenal Co.	COM	311900104	423	8,131	SH		SOLE		7,531	0	600
FedEx Corp.	COM	31428X106	1,107	3,709	SH		SOLE		3,549	0	160
Fidelity National Info Service	COM	31620m106	271	1,912	SH		SOLE		1,912	0	0
Fiserv Inc.	COM	337738108	5,353	50,081	SH		SOLE		49,151	0	930
Freeport-McMoran	COM	35671D857	1,796	48,405	SH		SOLE		46,265	0	2,140
General Dynamics	COM	369550108	415	2,206	SH		SOLE		2,171	0	35
General Electric Co.	COM	369604301	1,009	74,996	SH		SOLE		74,786	0	210
Genuine Parts	COM	372460105	600	4,745	SH		SOLE		4,545	0	200
Goldman Sachs	COM	38141G104	1,769	4,660	SH		SOLE		4,530	0	130
Healthier Choices Management C	COM	42226n109	0	20,000	SH		SOLE		20,000	0	0
Helen of Troy, Ltd	COM	g4388n106	1,911	8,375	SH		SOLE		7,995	0	380
Hershey Foods Corp	COM	427866108	348	2,000	SH		SOLE		2,000	0	0
Home Depot Inc.	COM	437076102	420	1,318	SH		SOLE		1,318	0	0
Huntington Bancshares	COM	446150104	1,644	115,223	SH		SOLE		112,463	0	2,760
Ingersoll Rand Inc.	COM	45687v106	418	8,572	SH		SOLE		8,572	0	0
Intel Corp.	COM	458140100	873	15,552	SH		SOLE		15,092	0	460
Intl Business Mach. Corp.	COM	459200101	248	1,690	SH		SOLE		1,560	0	130
Invesco S&P 500 Equal Weight E	COM	46137V365	3,238	71,485	SH		SOLE		70,495	0	990
J.P. Morgan Chase	COM	46625H100	3,395	21,829	SH		SOLE		21,333	0	496
Johnson & Johnson	COM	478160104	3,992	24,233	SH		SOLE		23,383	0	850
Johnson Controls Intl plc	COM	G51502105	1,267	18,462	SH		SOLE		17,602	0	860
Kimberly-Clark Corp.	COM	494368103	1,567	11,710	SH		SOLE		11,460	0	250
Lilly Eli & Co.	COM	532457108	398	1,735	SH		SOLE		1,535	0	200
Lockheed Martin Corp.	COM	539830109	322	850	SH		SOLE		850	0	0
MGE Energy	COM	55277p104	654	8,790	SH		SOLE		8,640	0	150
MGIC Investment Corp.	COM	552848103	2,947	216,684	SH		SOLE		211,119	0	5,565
McDonald's	COM	580135101	1,274	5,517	SH		SOLE		5,338	0	179
Medical Marijuana, Inc.	COM	58463a105	1	42,300	SH		SOLE		42,300	0	0
Medtronic plc	COM	g5960l103	1,651	13,299	SH		SOLE		12,424	0	875
Merck & Co. Inc.	COM	58933y105	252	3,237	SH		SOLE		2,997	0	240
Microsoft Corp.	COM	594918104	10,030	37,024	SH		SOLE		36,154	0	870
Modine Manufacturing	COM	607828100	1,012	61,024	SH		SOLE		59,224	0	1,800
Mosaic Company	COM	61945c103	1,249	39,130	SH		SOLE		37,225	0	1,905
NVidia Corp	COM	67066G104	2,542	3,177	SH		SOLE		3,137	0	40
Novartis AG	COM	66987v109	797	8,732	SH		SOLE		8,617	0	115
O-I Glass, Inc.	COM	67098h104	1,992	122,000	SH		SOLE		122,000	0	0
Olin Corp	COM	680665205	2,064	44,610	SH		SOLE		43,310	0	1,300
Omnicom Group	COM	681919106	464	5,800	SH		SOLE		5,800	0	0
Oracle Corp.	COM	68389X105	889	11,426	SH		SOLE		10,876	0	550
Oshkosh Corp	COM	688239201	1,568	12,580	SH		SOLE		12,110	0	470
PayPal Holdings, Inc.	COM	70450y103	2,059	7,063	SH		SOLE		6,918	0	145
Paychex	COM	704326107	371	3,455	SH		SOLE		3,455	0	0
Pepsico Inc.	COM	713448108	1,802	12,161	SH		SOLE		11,711	0	450
Pfizer Inc.	COM	717081103	1,031	26,320	SH		SOLE		26,170	0	150
Philip Morris International	COM	718172109	256	2,579	SH		SOLE		2,404	0	175
Procter & Gamble Co.	COM	742718109	1,279	9,481	SH		SOLE		8,881	0	600
Prudential Financial, Inc.	COM	744320102	298	2,905	SH		SOLE		2,670	0	235
Public Storage Inc REIT	COM	74460D109	222	737	SH		SOLE		737	0	0
Quad/Graphics, Inc.	COM	747301109	125	30,150	SH		SOLE		30,150	0	0
Qualcomm Inc.	COM	747525103	1,957	13,690	SH		SOLE		13,370	0	320
RPM Inc.	COM	749685103	1,625	18,322	SH		SOLE		17,742	0	580
Range Resources	COM	75281a109	489	29,180	SH		SOLE		28,380	0	800
Regal-Beloit Corp.	COM	758750103	210	1,570	SH		SOLE		1,220	0	350
Square, Inc.	COM	852234103	438	1,798	SH		SOLE		1,778	0	20
Stanley Black & Decker, Inc.	COM	854502101	482	2,350	SH		SOLE		2,225	0	125
Tapestry, Inc.	COM	876030107	1,659	38,159	SH		SOLE		37,119	0	1,040
Target Corp.	COM	87612E106	1,221	5,052	SH		SOLE		4,910	0	142
Tesla Motors, Inc.	COM	88160R101	574	845	SH		SOLE		845	0	0
The Interpublic Group of Compa	COM	460690100	324	9,966	SH		SOLE		9,966	0	0
The Walt Disney Co.	COM	254687106	904	5,144	SH		SOLE		5,144	0	0
U.S. Bancorp	COM	902973304	224	3,932	SH		SOLE		3,632	0	300
Union Pacific Corp.	COM	907818108	242	1,100	SH		SOLE		1,100	0	0
UnitedHealth Group Inc	COM	91324p102	2,222	5,548	SH		SOLE		5,405	0	143
VF Corp	COM	918204108	852	10,389	SH		SOLE		9,609	0	780
Verizon	COM	92343V104	1,289	23,009	SH		SOLE		22,709	0	300
Visa Inc.	COM	92826c839	1,562	6,682	SH		SOLE		6,402	0	280
Vodafone Grp PLC	COM	92857w308	2,064	120,482	SH		SOLE		117,127	0	3,355
WD 40 Company	COM	929236107	457	1,785	SH		SOLE		1,785	0	0
WEC Energy Group, Inc.	COM	92939u106	1,384	15,559	SH		SOLE		14,784	0	775
Wal-Mart Stores Inc.	COM	931142103	757	5,371	SH		SOLE		5,221	0	150
Walgreens Boots Alliance	COM	931427108	751	14,266	SH		SOLE		13,711	0	555
Wells Fargo & Co.	COM	949746101	1,536	33,912	SH		SOLE		33,257	0	655
XCel Energy Inc.	COM	98389b100	571	8,672	SH		SOLE		8,672	0	0
XPO Logistics, Inc.	COM	983793100	1,430	10,222	SH		SOLE		10,007	0	215
ARK Innovation ETF	ETF	00214Q104	510	3,900	SH		SOLE		3,853	0	47
Duff & Phelps Select Income Fu	ETF	23325P104	186	17,807	SH		SOLE		16,807	0	1,000
Invesco NASDAQ 100 Index Track	ETF	46090e103	289	814	SH		SOLE		812	0	2
Madison Covered Call&Equity St	ETF	557437100	148	18,273	SH		SOLE		16,873	0	1,400
MidCap SPDRs	ETF	78467y107	357	728	SH		SOLE		728	0	0
S&P 500/Barra Value (iShares)	ETF	464287408	290	1,961	SH		SOLE		1,926	0	35
S&P Dep Receipts	ETF	78462f103	542	1,266	SH		SOLE		1,056	0	210
S&P Midcap 400 Index (iShares)	ETF	464287507	1,242	4,623	SH		SOLE		4,427	0	196
SPDR Portfolio Mid Cap ETF	ETF	78464A847	1,727	36,580	SH		SOLE		35,148	0	1,432
SPDR Portfolio S&P 500 High Di	ETF	78468r788	1,498	37,359	SH		SOLE		35,492	0	1,867
SPDR S&P 500 Growth ETF	ETF	78464A409	6,050	96,085	SH		SOLE		91,165	0	4,920
SPDR S&P 500 Value ETF	ETF	78464A508	5,216	131,906	SH		SOLE		123,340	0	8,566
Schwab U.S. Large-Cap ETF	ETF	808524201	497	4,785	SH		SOLE		4,785	0	0
Schwab U.S. Large-Cap Growth E	ETF	808524300	843	5,775	SH		SOLE		5,401	0	374
Schwab U.S. Large-Cap Value ET	ETF	808524409	231	3,374	SH		SOLE		2,838	0	536
Schwab US Dividend Equity ETF	ETF	808524797	898	11,869	SH		SOLE		11,219	0	650
Vanguard Mega Cap 300 Growth I	ETF	921910816	452	1,952	SH		SOLE		1,952	0	0
Vanguard Total Stock Market ET	ETF	922908769	239	1,074	SH		SOLE		1,061	0	13
iShares Core S&P U.S. Growth E	ETF	464287671	321	3,176	SH		SOLE		3,176	0	0
iShares Russell Growth Midcap	ETF	464287481	274	2,424	SH		SOLE		2,424	0	0
S&P 600/Barra Growth Index (iS	SMLC	464287887	2,865	21,601	SH		SOLE		20,779	0	822
S&P 600/Barra Value Index (iSh	SMLC	464287879	3,831	36,335	SH		SOLE		35,400	0	935
SPDR Portfolio Small Cap ETF	SMLC	78468R853	6,159	140,177	SH		SOLE		137,683	0	2,494
Schwab U.S. Small-Cap ETF	SMLC	808524607	1,470	14,106	SH		SOLE		12,863	0	1,243
Vanguard Small Cap ETF	SMLC	922908751	274	1,218	SH		SOLE		1,218	0	0
iShares S&P SmallCap 600 Index	SMLC	464287804	376	3,327	SH		SOLE		2,952	0	375
China-H FTSE/Xinhua 25 Index (	INTL	464287184	239	5,164	SH		SOLE		4,364	0	800
Europe/Australia/Far-East Inde	INTL	464287465	573	7,267	SH		SOLE		7,078	0	189
MSCI Emerging Markets Index (i	INTL	464287234	542	9,821	SH		SOLE		9,366	0	455
MSCI Japan Index (iShares)	INTL	46434g822	399	5,907	SH		SOLE		5,672	0	235
SPDR Portfolio Emerging Market	INTL	78463X509	2,618	57,533	SH		SOLE		56,881	0	652
SPDR S&P Developed World ex-US	INTL	78463X889	2,845	77,341	SH		SOLE		76,676	0	665
Schwab Emerging Markets Equity	INTL	808524706	259	7,870	SH		SOLE		7,870	0	0
Schwab Fundamental Emerg Mkts	INTL	808524730	518	16,076	SH		SOLE		15,726	0	350
Schwab International Equity ET	INTL	808524805	958	24,279	SH		SOLE		22,238	0	2,041
Vanguard Emerging Markets Stoc	INTL	922042858	532	9,790	SH		SOLE		9,565	0	225
Vanguard FTSE All-World ex-US	INTL	922042775	363	5,728	SH		SOLE		5,728	0	0
Vanguard FTSE Developed Market	INTL	921943858	2,280	44,256	SH		SOLE		42,331	0	1,925
Wisdom Tree Japan Hedged Equit	INTL	97717W851	439	7,190	SH		SOLE		6,705	0	485
WisdomTree EAFE Dividend-Wgtd	INTL	97717w703	1,228	22,533	SH		SOLE		22,033	0	500
WisdomTree Emerg Mkts High-Yie	INTL	97717w315	427	9,342	SH		SOLE		9,207	0	135
WisdomTree Int'l Hedged Divide	INTL	97717x594	244	5,525	SH		SOLE		5,325	0	200
iShares MSCI All Country Asia	INTL	464288182	622	6,581	SH		SOLE		5,846	0	735
BlackRock Int. Duration Munici	FIXD	09253X102	1,299	83,053	SH		SOLE		79,913	0	3,140
BlackRock MuniAssets Fund	FIXD	09254j102	1,252	74,265	SH		SOLE		72,265	0	2,000
Calamos Convertible & High Inc	FIXD	12811p108	746	45,695	SH		SOLE		42,120	0	3,575
Eaton Vance Limited Duration I	FIXD	27828h105	489	36,897	SH		SOLE		33,447	0	3,450
First Trust TCW Opportunistic	FIXD	33740F805	2,447	45,626	SH		SOLE		42,798	0	2,828
Invesco CEF Income Composite E	FIXD	46138e404	1,109	45,249	SH		SOLE		40,584	0	4,665
Invesco Ultra Short-Duration E	FIXD	46090a887	385	7,620	SH		SOLE		7,620	0	0
Nuveen Dividend Advantage Muni	FIXD	67071l106	192	10,725	SH		SOLE		10,725	0	0
Nuveen Municipal Value Fund In	FIXD	670928100	332	28,800	SH		SOLE		28,800	0	0
PIMCO Corporate Opportunity Fu	FIXD	72201b101	497	25,137	SH		SOLE		24,137	0	1,000
PIMCO Enhanced Short Maturity	FIXD	72201r833	954	9,351	SH		SOLE		9,351	0	0
Pacer Trendpilot US Bond ETF	FIXD	69374h642	4,702	169,681	SH		SOLE		163,628	0	6,053
Putnam Master Intrm Inc Tr	FIXD	746909100	49	11,600	SH		SOLE		11,600	0	0
SPDR Blackstone Senior Loan	FIXD	78467v608	3,371	72,822	SH		SOLE		63,112	0	9,710
SPDR Lehman Municipal Bond ETF	FIXD	78468r721	266	5,101	SH		SOLE		5,101	0	0
SPDR Short Term Municipal Bond	FIXD	78468r739	1,047	21,124	SH		SOLE		20,124	0	1,000
Schwab US Aggregate Bond ETF	FIXD	808524839	214	3,918	SH		SOLE		3,683	0	235
Templeton Global Income Fund	FIXD	880198106	81	14,500	SH		SOLE		5,100	0	9,400
Vanguard Total Intl Bond Ind E	FIXD	92203j407	213	3,727	SH		SOLE		3,727	0	0
WisdomTree Floating Rate Treas	FIXD	97717X628	1,713	68,208	SH		SOLE		64,741	0	3,467
iShares Barclays TIPS Bond Fun	FIXD	464287176	599	4,677	SH		SOLE		4,177	0	500
iShares Core International Agg	FIXD	46435g672	1,665	30,218	SH		SOLE		29,425	0	793
Gold Shares SPDR	CMDT	78463v107	7,130	43,050	SH		SOLE		41,927	0	1,123
iShares Gold Trust	CMDT	464285204	493	14,619	SH		SOLE		13,019	0	1,600
Cohen & Steers Realty Fund (iS	REAL	464287564	207	3,165	SH		SOLE		2,815	0	350
DJ Wilshire Int'l Real Estate	REAL	78463x863	860	23,410	SH		SOLE		21,625	0	1,785
Invesco MSCI Global Timber ETF	REAL	46138e545	296	7,900	SH		SOLE		7,250	0	650
SPDR Dow Jones Global Real Est	REAL	78463x749	735	14,276	SH		SOLE		13,881	0	395
Weyerhaeuser Co.	REAL	962166104	209	6,063	SH		SOLE		6,063	0	0
iShares S&P Global Timber & Fo	REAL	464288174	603	6,950	SH		SOLE		6,595	0	355
ProShares S&P 500 Index Invers	HEDG	74347b425	175	11,388	SH		SOLE		10,788	0	600