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
Estimated average burden
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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	251	1,432	SH		SOLE		1,432	0	0
AT&T Inc	COM	00206r102	2,106	77,954	SH		SOLE		76,784	0	1,170
AbbVie Inc.	COM	00287y109	3,286	30,460	SH		SOLE		29,455	0	1,005
Abbott Labs	COM	002824100	1,041	8,812	SH		SOLE		8,377	0	435
Accenture	COM	g1151c101	1,463	4,572	SH		SOLE		4,247	0	325
Allegheny Technologies	COM	01741r102	1,216	73,095	SH		SOLE		71,870	0	1,225
Alliant Energy	COM	018802108	1,389	24,818	SH		SOLE		24,151	0	667
Alphabet Inc. Class A	COM	02079k305	2,433	910	SH		SOLE		544	0	366
Alphabet Inc. Class C	COM	02079k107	11,114	4,170	SH		SOLE		2,736	0	1,434
Altria Group	COM	02209s103	317	6,970	SH		SOLE		6,970	0	0
Amazon.com	COM	023135106	3,000	913	SH		SOLE		884	0	29
Amgen	COM	031162100	1,100	5,173	SH		SOLE		4,911	0	262
Apache Corporation	COM	03743q108	623	29,072	SH		SOLE		28,972	0	100
Apple Inc.	COM	037833100	8,993	63,554	SH		SOLE		61,889	0	1,665
AstraZeneca plc. ADS	COM	046353108	1,021	17,000	SH		SOLE		16,720	0	280
BP p.l.c.	COM	055622104	200	7,330	SH		SOLE		7,330	0	0
Bank of America	COM	060505104	1,889	44,495	SH		SOLE		43,450	0	1,045
Bank of Montreal	COM	063671101	233	2,337	SH		SOLE		2,187	0	150
Berkshire Hathaway cl. A (1/10	COM	084990175	823	200	SH		SOLE		200	0	0
Berkshire Hathaway cl. B	COM	084670702	2,604	9,540	SH		SOLE		9,308	0	232
Bhang Inc.	COM	08862k105	1	20,000	SH		SOLE		20,000	0	0
Bristol-Myers Squibb	COM	110122108	1,440	24,333	SH		SOLE		23,743	0	590
Broadcom Inc.	COM	11135f101	1,823	3,760	SH		SOLE		3,597	0	163
Bunge Ltd	COM	g16962105	1,669	20,530	SH		SOLE		19,665	0	865
CVS Caremark Corp	COM	126650100	3,879	45,715	SH		SOLE		44,225	0	1,490
Cambridge Heart	COM	131910101	0	25,000	SH		SOLE		25,000	0	0
Capital One Finl	COM	14040H105	2,512	15,510	SH		SOLE		15,125	0	385
Carnival Corporation	COM	143658300	692	27,677	SH		SOLE		27,072	0	605
Caterpillar Inc.	COM	149123101	1,506	7,844	SH		SOLE		7,724	0	120
Chevron Corp.	COM	166764100	755	7,444	SH		SOLE		7,179	0	265
China Jo-Jo Drugstores, Inc.	COM	16949a206	12	19,000	SH		SOLE		19,000	0	0
Cisco Systems Inc.	COM	17275R102	731	13,428	SH		SOLE		12,873	0	555
Citigroup Inc.	COM	172967424	1,923	27,396	SH		SOLE		26,726	0	670
Coca-Cola Co.	COM	191216100	249	4,746	SH		SOLE		4,266	0	480
Colgate-Palmolive Co.	COM	194162103	432	5,710	SH		SOLE		5,310	0	400
Coterra Energy Inc.	COM	127097103	292	13,400	SH		SOLE		13,400	0	0
Deere & Co	COM	244199105	451	1,346	SH		SOLE		1,346	0	0
Dentsply Intl.	COM	24906p109	825	14,220	SH		SOLE		14,005	0	215
Diebold, Incorporated	COM	253651103	169	16,675	SH		SOLE		16,675	0	0
Dominion Resources Inc.	COM	25746U109	243	3,334	SH		SOLE		3,064	0	270
Duke Energy	COM	26441C204	228	2,341	SH		SOLE		2,341	0	0
Expedia Group, Inc.	COM	30212P303	354	2,157	SH		SOLE		2,132	0	25
Exxon-Mobil	COM	30231G102	277	4,701	SH		SOLE		4,526	0	175
Facebook Inc.	COM	30303m102	687	2,024	SH		SOLE		1,524	0	500
Fastenal Co.	COM	311900104	420	8,131	SH		SOLE		7,531	0	600
FedEx Corp.	COM	31428X106	741	3,377	SH		SOLE		3,292	0	85
Fidelity National Info Service	COM	31620m106	233	1,912	SH		SOLE		1,912	0	0
Fiserv Inc.	COM	337738108	5,382	49,601	SH		SOLE		48,651	0	950
Freeport-McMoran	COM	35671D857	1,556	47,825	SH		SOLE		45,685	0	2,140
GXO Logistics, Inc.	COM	36262g101	848	10,816	SH		SOLE		10,476	0	340
General Dynamics	COM	369550108	423	2,156	SH		SOLE		2,121	0	35
General Electric Co.	COM	369604301	906	8,797	SH		SOLE		8,772	0	25
Genuine Parts	COM	372460105	575	4,745	SH		SOLE		4,545	0	200
Goldman Sachs	COM	38141G104	1,942	5,136	SH		SOLE		4,991	0	145
Healthier Choices Management C	COM	42226n109	0	20,000	SH		SOLE		20,000	0	0
Helen of Troy, Ltd	COM	g4388n106	1,772	7,885	SH		SOLE		7,505	0	380
Hershey Foods Corp	COM	427866108	338	2,000	SH		SOLE		2,000	0	0
Home Depot Inc.	COM	437076102	411	1,251	SH		SOLE		1,251	0	0
Huntington Bancshares	COM	446150104	2,323	150,278	SH		SOLE		147,518	0	2,760
Ingersoll-Rand Plc	COM	45687v106	432	8,572	SH		SOLE		8,572	0	0
Intel Corp.	COM	458140100	807	15,141	SH		SOLE		14,681	0	460
Intl Business Mach. Corp.	COM	459200101	226	1,624	SH		SOLE		1,494	0	130
Intuitive Surgical	COM	46120E602	215	216	SH		SOLE		216	0	0
Invesco S&P 500 Equal Weight E	COM	46137V365	3,185	70,570	SH		SOLE		69,555	0	1,015
J.P. Morgan Chase	COM	46625H100	3,421	20,901	SH		SOLE		20,405	0	496
Johnson & Johnson	COM	478160104	3,497	21,656	SH		SOLE		20,806	0	850
Johnson Controls Intl plc	COM	G51502105	1,246	18,295	SH		SOLE		17,435	0	860
Kimberly-Clark Corp.	COM	494368103	1,513	11,422	SH		SOLE		11,172	0	250
Lilly Eli & Co.	COM	532457108	401	1,735	SH		SOLE		1,535	0	200
Lockheed Martin Corp.	COM	539830109	293	850	SH		SOLE		850	0	0
MGE Energy	COM	55277p104	639	8,690	SH		SOLE		8,540	0	150
MGIC Investment Corp.	COM	552848103	3,016	201,629	SH		SOLE		196,064	0	5,565
ManpowerGroup Inc.	COM	56418H100	677	6,256	SH		SOLE		6,176	0	80
McDonald's	COM	580135101	1,301	5,397	SH		SOLE		5,218	0	179
Medical Marijuana, Inc.	COM	58463a105	1	42,300	SH		SOLE		42,300	0	0
Medtronic plc	COM	g5960l103	1,687	13,454	SH		SOLE		12,579	0	875
Merck & Co. Inc.	COM	58933y105	243	3,237	SH		SOLE		2,997	0	240
Microsoft Corp.	COM	594918104	9,674	34,315	SH		SOLE		33,445	0	870
Modine Manufacturing	COM	607828100	603	53,189	SH		SOLE		51,389	0	1,800
Mosaic Company	COM	61945c103	1,403	39,280	SH		SOLE		37,375	0	1,905
NVidia Corp	COM	67066G104	2,605	12,575	SH		SOLE		12,415	0	160
NextEra Energy, Inc.	COM	65339f101	208	2,654	SH		SOLE		2,654	0	0
Novartis AG	COM	66987v109	681	8,327	SH		SOLE		8,212	0	115
O-I Glass, Inc.	COM	67098h104	2,325	162,915	SH		SOLE		162,010	0	905
Olin Corp	COM	680665205	2,003	41,505	SH		SOLE		40,205	0	1,300
Omnicom Group	COM	681919106	373	5,150	SH		SOLE		5,150	0	0
Oracle Corp.	COM	68389X105	982	11,276	SH		SOLE		10,726	0	550
Oshkosh Corp	COM	688239201	1,272	12,430	SH		SOLE		11,960	0	470
PayPal Holdings, Inc.	COM	70450y103	1,929	7,414	SH		SOLE		7,269	0	145
Paychex	COM	704326107	358	3,185	SH		SOLE		3,185	0	0
Pepsico Inc.	COM	713448108	1,841	12,242	SH		SOLE		11,792	0	450
Pfizer Inc.	COM	717081103	1,047	24,334	SH		SOLE		24,184	0	150
Philip Morris International	COM	718172109	239	2,521	SH		SOLE		2,346	0	175
Procter & Gamble Co.	COM	742718109	1,210	8,656	SH		SOLE		8,056	0	600
Prudential Financial, Inc.	COM	744320102	285	2,710	SH		SOLE		2,475	0	235
Public Storage Inc REIT	COM	74460D109	219	737	SH		SOLE		737	0	0
Quad/Graphics, Inc.	COM	747301109	128	30,150	SH		SOLE		30,150	0	0
Qualcomm Inc.	COM	747525103	1,788	13,860	SH		SOLE		13,540	0	320
RPM Inc.	COM	749685103	1,398	18,007	SH		SOLE		17,427	0	580
Range Resources	COM	75281a109	619	27,355	SH		SOLE		26,555	0	800
Regal-Beloit Corp.	COM	758750103	236	1,570	SH		SOLE		1,220	0	350
Square, Inc.	COM	852234103	436	1,819	SH		SOLE		1,799	0	20
Stanley Black & Decker, Inc.	COM	854502101	387	2,210	SH		SOLE		2,085	0	125
Tapestry, Inc.	COM	876030107	1,407	38,019	SH		SOLE		36,979	0	1,040
Target Corp.	COM	87612E106	1,126	4,922	SH		SOLE		4,780	0	142
Tesla Motors, Inc.	COM	88160R101	655	845	SH		SOLE		845	0	0
The Interpublic Group of Compa	COM	460690100	321	8,766	SH		SOLE		8,766	0	0
The Walt Disney Co.	COM	254687106	846	5,004	SH		SOLE		5,004	0	0
U.S. Bancorp	COM	902973304	224	3,772	SH		SOLE		3,472	0	300
Union Pacific Corp.	COM	907818108	216	1,101	SH		SOLE		1,101	0	0
UnitedHealth Group Inc	COM	91324p102	2,171	5,555	SH		SOLE		5,412	0	143
VF Corp	COM	918204108	700	10,444	SH		SOLE		9,664	0	780
Verizon	COM	92343V104	1,205	22,304	SH		SOLE		22,004	0	300
Visa Inc.	COM	92826c839	1,446	6,492	SH		SOLE		6,212	0	280
Vodafone Grp PLC	COM	92857w308	1,895	122,657	SH		SOLE		119,302	0	3,355
WD 40 Company	COM	929236107	413	1,785	SH		SOLE		1,785	0	0
WEC Energy Group, Inc.	COM	92939u106	1,298	14,716	SH		SOLE		13,941	0	775
Wal-Mart Stores Inc.	COM	931142103	746	5,351	SH		SOLE		5,201	0	150
Walgreens Boots Alliance	COM	931427108	663	14,083	SH		SOLE		13,528	0	555
Wells Fargo & Co.	COM	949746101	1,552	33,449	SH		SOLE		32,794	0	655
XCel Energy Inc.	COM	98389b100	542	8,672	SH		SOLE		8,672	0	0
XPO Logistics, Inc.	COM	983793100	878	11,038	SH		SOLE		10,723	0	315
ARK Innovation ETF	ETF	00214Q104	436	3,946	SH		SOLE		3,899	0	47
Duff & Phelps Select Income Fu	ETF	23325P104	190	17,804	SH		SOLE		16,804	0	1,000
Invesco NASDAQ 100 Index Track	ETF	46090e103	279	779	SH		SOLE		777	0	2
Madison Covered Call&Equity St	ETF	557437100	124	15,773	SH		SOLE		14,373	0	1,400
MidCap SPDRs	ETF	78467y107	350	728	SH		SOLE		728	0	0
S&P 500/Barra Growth (iShares)	ETF	464287309	202	2,728	SH		SOLE		2,692	0	36
S&P 500/Barra Value (iShares)	ETF	464287408	292	2,006	SH		SOLE		1,971	0	35
S&P Dep Receipts	ETF	78462f103	499	1,162	SH		SOLE		952	0	210
S&P Midcap 400 Index (iShares)	ETF	464287507	1,227	4,663	SH		SOLE		4,467	0	196
SPDR Portfolio Mid Cap ETF	ETF	78464A847	1,743	37,766	SH		SOLE		36,294	0	1,472
SPDR Portfolio S&P 500 High Di	ETF	78468r788	1,685	43,061	SH		SOLE		40,249	0	2,812
SPDR S&P 500 Growth ETF	ETF	78464A409	5,947	92,892	SH		SOLE		88,067	0	4,825
SPDR S&P 500 Value ETF	ETF	78464A508	5,112	131,082	SH		SOLE		122,519	0	8,563
Schwab U.S. Large-Cap ETF	ETF	808524201	498	4,785	SH		SOLE		4,785	0	0
Schwab U.S. Large-Cap Growth E	ETF	808524300	855	5,774	SH		SOLE		5,400	0	374
Schwab U.S. Large-Cap Value ET	ETF	808524409	203	3,004	SH		SOLE		2,468	0	536
Schwab US Dividend Equity ETF	ETF	808524797	809	10,892	SH		SOLE		10,242	0	650
Vanguard Mega Cap 300 Growth I	ETF	921910816	458	1,952	SH		SOLE		1,952	0	0
Vanguard Total Stock Market ET	ETF	922908769	238	1,074	SH		SOLE		1,061	0	13
iShares Core S&P U.S. Growth E	ETF	464287671	325	3,176	SH		SOLE		3,176	0	0
iShares Russell Growth Midcap	ETF	464287481	272	2,424	SH		SOLE		2,424	0	0
S&P 600/Barra Growth Index (iS	SMLC	464287887	2,892	22,236	SH		SOLE		21,414	0	822
S&P 600/Barra Value Index (iSh	SMLC	464287879	3,742	37,175	SH		SOLE		36,240	0	935
SPDR Portfolio Small Cap ETF	SMLC	78468R853	5,972	140,180	SH		SOLE		137,604	0	2,576
Schwab U.S. Small-Cap ETF	SMLC	808524607	1,422	14,206	SH		SOLE		12,963	0	1,243
Vanguard Small Cap ETF	SMLC	922908751	273	1,248	SH		SOLE		1,248	0	0
iShares S&P SmallCap 600 Index	SMLC	464287804	369	3,382	SH		SOLE		3,007	0	375
Europe/Australia/Far-East Inde	INTL	464287465	602	7,716	SH		SOLE		7,527	0	189
MSCI Emerging Markets Index (i	INTL	464287234	467	9,261	SH		SOLE		8,806	0	455
MSCI Japan Index (iShares)	INTL	46434g822	421	5,997	SH		SOLE		5,762	0	235
SPDR Portfolio Emerging Market	INTL	78463X509	2,371	55,747	SH		SOLE		54,929	0	818
SPDR S&P Developed World ex-US	INTL	78463X889	2,742	75,735	SH		SOLE		74,795	0	940
Schwab Emerging Markets Equity	INTL	808524706	238	7,802	SH		SOLE		7,802	0	0
Schwab Fundamental Emerg Mkts	INTL	808524730	566	17,551	SH		SOLE		17,201	0	350
Schwab International Equity ET	INTL	808524805	3,077	79,513	SH		SOLE		74,614	0	4,899
Vanguard Emerging Markets Stoc	INTL	922042858	501	10,013	SH		SOLE		9,788	0	225
Vanguard FTSE All-World ex-US	INTL	922042775	310	5,078	SH		SOLE		5,078	0	0
Vanguard FTSE Developed Market	INTL	921943858	2,235	44,261	SH		SOLE		42,336	0	1,925
Wisdom Tree Japan Hedged Equit	INTL	97717W851	449	7,115	SH		SOLE		6,630	0	485
WisdomTree EAFE Dividend-Wgtd	INTL	97717w703	1,220	23,068	SH		SOLE		22,568	0	500
WisdomTree Emerg Mkts High-Yie	INTL	97717w315	408	9,342	SH		SOLE		9,207	0	135
WisdomTree Int'l Hedged Divide	INTL	97717x594	230	5,325	SH		SOLE		5,125	0	200
iShares MSCI All Country Asia	INTL	464288182	556	6,546	SH		SOLE		5,811	0	735
iShares MSCI Emerging Markets	INTL	46434g764	348	5,747	SH		SOLE		5,657	0	90
BlackRock Int. Duration Munici	FIXD	09253X102	1,258	82,703	SH		SOLE		79,563	0	3,140
BlackRock MuniAssets Fund	FIXD	09254j102	1,157	76,165	SH		SOLE		74,165	0	2,000
Calamos Convertible & High Inc	FIXD	12811p108	533	34,109	SH		SOLE		31,809	0	2,300
Eaton Vance Limited Duration I	FIXD	27828h105	484	36,747	SH		SOLE		33,297	0	3,450
First Trust TCW Opportunistic	FIXD	33740F805	2,550	47,626	SH		SOLE		44,774	0	2,852
Invesco CEF Income Composite E	FIXD	46138e404	893	37,301	SH		SOLE		33,511	0	3,790
Invesco Ultra Short-Duration E	FIXD	46090a887	541	10,720	SH		SOLE		10,320	0	400
Nuveen Dividend Advantage Muni	FIXD	67071l106	184	10,725	SH		SOLE		10,725	0	0
Nuveen Municipal Value Fund In	FIXD	670928100	303	26,800	SH		SOLE		26,800	0	0
PIMCO Corporate Opportunity Fu	FIXD	72201b101	463	25,312	SH		SOLE		24,312	0	1,000
PIMCO Enhanced Short Maturity	FIXD	72201r643	486	4,830	SH		SOLE		4,774	0	56
PIMCO Enhanced Short Maturity	FIXD	72201r833	1,216	11,926	SH		SOLE		11,726	0	200
Pacer Trendpilot US Bond ETF	FIXD	69374h642	4,559	168,087	SH		SOLE		162,016	0	6,071
SPDR Blackstone Senior Loan	FIXD	78467v608	3,453	75,036	SH		SOLE		65,076	0	9,960
SPDR Lehman Municipal Bond ETF	FIXD	78468r721	263	5,101	SH		SOLE		5,101	0	0
SPDR Short Term Municipal Bond	FIXD	78468r739	1,171	23,699	SH		SOLE		22,699	0	1,000
Schwab US Aggregate Bond ETF	FIXD	808524839	210	3,871	SH		SOLE		3,636	0	235
Templeton Global Income Fund	FIXD	880198106	73	13,500	SH		SOLE		4,100	0	9,400
Vanguard Total Intl Bond Ind E	FIXD	92203j407	202	3,553	SH		SOLE		3,553	0	0
WisdomTree Floating Rate Treas	FIXD	97717X628	1,910	76,095	SH		SOLE		72,543	0	3,552
iShares Barclays TIPS Bond Fun	FIXD	464287176	597	4,677	SH		SOLE		4,177	0	500
iShares Core International Agg	FIXD	46435g672	1,658	30,126	SH		SOLE		29,424	0	702
Gold Shares SPDR	CMDT	78463v107	6,964	42,404	SH		SOLE		41,284	0	1,120
iShares Gold Trust	CMDT	464285204	488	14,619	SH		SOLE		13,019	0	1,600
Cohen & Steers Realty Fund (iS	REAL	464287564	203	3,100	SH		SOLE		2,750	0	350
DJ Wilshire Int'l Real Estate	REAL	78463x863	834	23,488	SH		SOLE		21,703	0	1,785
Invesco MSCI Global Timber ETF	REAL	46138e545	284	7,850	SH		SOLE		7,200	0	650
SPDR Dow Jones Global Real Est	REAL	78463x749	716	14,031	SH		SOLE		13,640	0	391
iShares S&P Global Timber & Fo	REAL	464288174	591	6,950	SH		SOLE		6,595	0	355
ProShares S&P 500 Index Invers	HEDG	74347b425	172	11,288	SH		SOLE		10,688	0	600