Gs Investments 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

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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	409,093	1,965	SH		SOLE		0	0	0
500.com Limited	SPON ADR REP A	33829R100	1,797	165	SH		SOLE		0	0	0
Alerian Master Limited Partnership ETF	ALERIAN MLP	00162Q866	379,192	31,705	SH		SOLE		0	0	0
Alphabet Incorporated Class A	CAP STK CL C	02079K305	1,811,017	1,948	SH		SOLE		0	0	0
Alphabet Incroporated Class C	CAP STK CL A	02079K107	507,071	558	SH		SOLE		0	0	0
Ameren Corporation	COM	023608102	5,631	103	SH		SOLE		0	0	0
American Electric Power Company	COM	023608102	402,926	5,800	SH		SOLE		0	0	0
American Tower REIT Corporation	COM	03027X100	812,445	6,140	SH		SOLE		0	0	0
Ameriprise Financial, Incorporated	COM	03076C106	2,383,505	18,725	SH		SOLE		0	0	0
Amgen Incroporated	COM	031162100	2,119,118	12,304	SH		SOLE		0	0	0
Apache Corporation	COM	037411105	148,583	3,100	SH		SOLE		0	0	0
Apple Incorporated	COM	037833100	4,180,036	29,024	SH		SOLE		0	0	0
AT&T Incorporated	COM	00206R102	804,177	21,314	SH		SOLE		0	0	0
Berkshire Hathaway Class B Shares	CL B NEW	084670702	1,432,362	8,457	SH		SOLE		0	0	0
Best Buy Incorporated	COM	086516101	2,867	50	SH		SOLE		0	0	0
Biogen Idec Inc	COM	09062X103	135,680	500	SH		SOLE		0	0	0
Boeing Company	COM	097023105	2,408,200	12,178	SH		SOLE		0	0	0
Broadwind Energy Incorporated	COM NEW	11161T108	111	22	SH		SOLE		0	0	0
Cedar Fair LP	DEPOSITRY UNIT	150185106	9,734	135	SH		SOLE		0	0	0
Celgene Corporation	COM	151020104	21,488,959	19,165	SH		SOLE		0	0	0
CenterPoint Energy Incorporated	COM	15189T107	631,794	23,075	SH		SOLE		0	0	0
Charles Schwab and Company	COM	808513105	1,487,275	34,620	SH		SOLE		0	0	0
Cisco Systems Incorporated	COM	17275R102	3,813	125	SH		SOLE		0	0	0
Citigroup	COM NEW	172967424	300,893	4,499	SH		SOLE		0	0	0
Clorox Company	COM	189054109	6,662	50	SH		SOLE		0	0	0
Cognizant Technology Solutions Corporation	CL A	192446102	2,336,948	35,195	SH		SOLE		0	0	0
Compass Minerals International Incorporated	COM	20451N101	1,119,242	17,140	SH		SOLE		0	0	0
ConocoPhillips	COM	20825C104	1,029,323	23,415	SH		SOLE		0	0	0
Costco Wholesale Corporation	COM	22160K105	1,329,978	8,316	SH		SOLE		0	0	0
CVS Health Corporation	COM	126650100	1,569,372	19,505	SH		SOLE		0	0	0
DDR Corporation	COM	23317H102	9	1	SH		SOLE		0	0	0
Delaware MN Municipal II Income Fund	COM	24610V103	33,718	2,300	SH		SOLE		0	0	0
Discover Financial Services	COM	254709180	9,329	150	SH		SOLE		0	0	0
Dow Chemical	COM	260543103	2,834,681	44,945	SH		SOLE		0	0	0
Duke Realty Corporation	COM NEW	264411505	7,686	275	SH		SOLE		0	0	0
ECOLAB INC	COM	278865100	2,250,776	16,955	SH		SOLE		0	0	0
Enterprise Product Partners LP	COM	293792107	216,640	8,000	SH		SOLE		0	0	0
ExxonMobil Corporation	COM	30231G102	66,118	819	SH		SOLE		0	0	0
Facebook Incorporated	CL A	30303M102	2,778,334	18,402	SH		SOLE		0	0	0
Fitbit Incorporated	CL A	33812L102	1,168	220	SH		SOLE		0	0	0
Five Below Incorporated	COM	33829M101	1,197,223	24,250	SH		SOLE		0	0	0
Ford Motor Company	COM	345370860	5,707	510	SH		SOLE		0	0	0
General Electric Corporation	COM	369604103	48,618	1,800	SH		SOLE		0	0	0
General Mills Incorporated	COM	370334104	1,783,236	32,190	SH		SOLE		0	0	0
Gilead Sciences Inc	COM	375558103	576,857	8,150	SH		SOLE		0	0	0
Goldman Sachs Group Incorporated	COM	38141G104	110,950	500	SH		SOLE		0	0	0
Hanesbrands Inc	COM	410345102	451,620	19,500	SH		SOLE		0	0	0
Henry Schein Incorporated	COM	806407102	884,353	4,832	SH		SOLE		0	0	0
Hi Crush Partners LP	COM UNIT LTD	428337109	119,350	11,000	SH		SOLE		0	0	0
Home Depot Incorporated	COM	437076102	3,142,706	20,487	SH		SOLE		0	0	0
Honeywell International	COM	438516106	1,811,411	13,590	SH		SOLE		0	0	0
Hortonworks Inc.	COM	440894103	5,796	450	SH		SOLE		0	0	0
Incyte Corp	COM	45337C102	3,777,300	30,000	SH		SOLE		0	0	0
Intel Corporation	COM	458140100	819,713	24,295	SH		SOLE		0	0	0
iShares Barclays 1-3 Year Bond Fund	1 3 YR TR BD ETF	464287457	12,251	145	SH		SOLE		0	0	0
iShares Core S&P Small-Cap ETF	CORE S&P SCP ETF	464287804	14,444	206	SH		SOLE		0	0	0
iShares MSCI Emerging Markets Fund	MSCI EMG MKT ETF	464287234	206,950	5,000	SH		SOLE		0	0	0
iShares S&P 500 Growth Index Fund	S&P 500 GRWT ETF	464287309	13,685	100	SH		SOLE		0	0	0
iShares S&P 500 Value Index Fund	S&P 500 VAL ETF	464287408	5,248	50	SH		SOLE		0	0	0
iShares S&P Mid-Cap 400 Index	CORE S&P MCP ETF	464287507	520,632	2,993	SH		SOLE		0	0	0
iShares TR Barclays TIPS Bond Fund	TIPS BD ETF	464287176	686,478	6,052	SH		SOLE		0	0	0
iShares TR Russell 2000 Growth Fund	RUS 2000 GRW ETF	464287648	3,713	22	SH		SOLE		0	0	0
iShares Trust MSCI EAFE Index Fund	MSCI EAFE ETF	464287465	3,260	50	SH		SOLE		0	0	0
Johnson and Johnson Incorporated	COM	478160104	444,494	3,360	SH		SOLE		0	0	0
JP Morgan Chase and Company	COM	46625H100	676,360	7,400	SH		SOLE		0	0	0
MasTec Incorporated	COM	576323109	1,322,669	29,295	SH		SOLE		0	0	0
McDonalds Corporation	COM	580135101	6,126	40	SH		SOLE		0	0	0
McKesson Corporation	COM	58155Q103	1,678,637	10,202	SH		SOLE		0	0	0
MDU Resources Group	COM	552690109	200,299	7,645	SH		SOLE		0	0	0
Medtronic Incorporated	SHS	G5960L105	62,125	700	SH		SOLE		0	0	0
Microsoft Corporation	COM	594918104	1,732,556	25,135	SH		SOLE		0	0	0
Nektar Therapeutics	COM	640268108	1,006,043	51,460	SH		SOLE		0	0	0
Netflix Incorporated	COM	64110L106	11,206	75	SH		SOLE		0	0	0
Nvidia Corp	COM	67066G104	7,228	50	SH		SOLE		0	0	0
Orbotech Limited ORD	ORD	M75253100	5,392,902	165,325	SH		SOLE		0	0	0
Party City Holdco In	COM	702149105	93,900	6,000	SH		SOLE		0	0	0
PayPal Holdings, Inc.	COM	70450Y103	1,311,695	24,440	SH		SOLE		0	0	0
PepsiCo Incorporated	COM	713048108	1,224,628	10,604	SH		SOLE		0	0	0
Perrigo Coporation	SHS	714290103	1,133	15	SH		SOLE		0	0	0
Pfizer Incorporated	COM	717081103	27,477	818	SH		SOLE		0	0	0
Philip Morris International	COM	718172109	7,399	63	SH		SOLE		0	0	0
Pioneer Natural Resources Company	COM	723787107	338,310	2,120	SH		SOLE		0	0	0
Polaris Industries	COM	731068102	395,667	4,290	SH		SOLE		0	0	0
PowerShares FTSE RAFI US 1000 ETF	FTSE RAFI 1000	73935X583	125,084	1,210	SH		SOLE		0	0	0
PowerShares Preferred	PFD PORTFOLIO	73936T565	722,938	47,845	SH		SOLE		0	0	0
Proctor and Gamble Incorporated	COM	742718109	1,118,787	13,641	SH		SOLE		0	0	0
Prologis Trust	COM	74340W103	762	13	SH		SOLE		0	0	0
Proto Labs, Incorporated	COM	743713109	6,158,083	91,570	SH		SOLE		0	0	0
Prudential Financial Incporporated	COM	744320102	5,407	50	SH		SOLE		0	0	0
PsychMedic Corporation	COM NEW	744375205	386,725	15,500	SH		SOLE		0	0	0
Qualcomm Incorporated	COM	747525103	650,492	11,780	SH		SOLE		0	0	0
Ross Stores Incorporated	COM	778296103	1,819,188	31,512	SH		SOLE		0	0	0
Schwab Emerging Markets ETF	EMRG MKTEQ ETF	808524706	754,073	30,345	SH		SOLE		0	0	0
Schwab U.S. Large-Cap ETF	US LRG CAP ETF	808524201	151,697	2,626	SH		SOLE		0	0	0
Schwab U.S.Aggregate Bond	US AGGREGATE B	808524839	204,313	3,910	SH		SOLE		0	0	0
Schwab US Broad Market ETF	US BRD MKT ETF	808524102	211,402	3,616	SH		SOLE		0	0	0
Schwab US Small-Cap ETF	US SML CAP ETF	808524607	51,256	802	SH		SOLE		0	0	0
Stryker Corporation	COM	863667101	2,555,356	18,413	SH		SOLE		0	0	0
Suncor Energy	COM	867224107	762,120	26,100	SH		SOLE		0	0	0
Surmodics Incorporated	COM	868873100	1,408	50	SH		SOLE		0	0	0
TCF Financial	COM	872275102	2,901	182	SH		SOLE		0	0	0
Texas Instruments	COM	882508104	4,832,820	62,821	SH		SOLE		0	0	0
The Priceline Group, Incorporated	COM	741503403	2,030,959	1,460	SH		SOLE		0	0	0
The Southern Company	COM	842587107	79,720	1,665	SH		SOLE		0	0	0
Thermo Fisher Scientific	COM	883556102	3,260,321	18,687	SH		SOLE		0	0	0
Triangle Capital Corp	COM	895848109	337,599	19,160	SH		SOLE		0	0	0
UnitedHealth Group Incorporated	COM	91324P102	83,439	450	SH		SOLE		0	0	0
US Bancorporation	COM NEW	902983304	4,033,146	77,680	SH		SOLE		0	0	0
Vanguard High-Yield Dividend Index ETF	COM	921946406	47,287	605	SH		SOLE		0	0	0
Vanguard Mid Cap Growth ETF	MCAP GR IDXVIP	922908538	318,383	3,095	SH		SOLE		0	0	0
Vanguard Mid-Cap Value ETF	MCAP VL IDXVIP	922908512	31,361	1,012	SH		SOLE		0	0	0
VISA Incorporated	COM	92826C839	2,408,270	25,680	SH		SOLE		0	0	0
Walt Disney Company	COM	254687106	2,692,906	25,345	SH		SOLE		0	0	0
Waste Management	COM	94106L109	9,169	125	SH		SOLE		0	0	0
Wells Fargo and Company	COM	949746101	4,331,954	78,180	SH		SOLE		0	0	0
Welltower Incorporated	COM	95040Q104	625,372	8,355	SH		SOLE		0	0	0
Williams Companies	COM	969457100	598,333	19,760	SH		SOLE		0	0	0
Williams Sonoma	COM	969904101	1,762,005	36,330	SH		SOLE		0	0	0
Wyndham Worldwide Corporation	COM	98310W108	602,460	6,000	SH		SOLE		0	0	0
Xcel Energy Incorporated	COM	98389B100	26,381	575	SH		SOLE		0	0	0
Yum China Holdings I	COM	98850P109	30,243	767	SH		SOLE		0	0	0
Yum! Brands Incorporated	COM	988498101	29,504	400	SH		SOLE		0	0	0