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	460,148	1,955	SH		SOLE		0	0	0
Alerian Master Limited Partnership ETF	ALERIAN MLP	00162Q866	90,636	8,400	SH		SOLE		0	0	0
Alphabet Incorporated Class A	CAP STK CL A	02079K305	2,094,159	1,988	SH		SOLE		0	0	0
Alphabet Incroporated Class C	CAP STK CL C	02079K107	814,099	778	SH		SOLE		0	0	0
Ameren Corporation	COM	023608102	6,076	103	SH		SOLE		0	0	0
American Electric Power Company	COM	023608102	422,292	5,740	SH		SOLE		0	0	0
American Tower REIT Corporation	COM	03027X100	914,515	6,410	SH		SOLE		0	0	0
Ameriprise Financial Incorporated	COM	03076C106	3,045,376	17,970	SH		SOLE		0	0	0
Amgen Incroporated	COM	031162100	2,162,794	12,437	SH		SOLE		0	0	0
Apache Corporation	COM	037411105	130,882	3,100	SH		SOLE		0	0	0
Apple Incorporated	COM	037833100	4,891,593	28,905	SH		SOLE		0	0	0
ATT Incorporated	COM	00206R102	873,012	22,454	SH		SOLE		0	0	0
Ballard Power Systems New	COM	058586108	551	125	SH		SOLE		0	0	0
Berkshire Hathaway Class B Shares	COM NEW	084670702	1,682,690	8,489	SH		SOLE		0	0	0
Biogen Idec Inc	COM	09062X103	159,285	500	SH		SOLE		0	0	0
Boeing Company	COM	097023105	2,348,958	7,965	SH		SOLE		0	0	0
Broadwind Energy Incorporated	COM NEW	11161T108	60	22	SH		SOLE		0	0	0
Cedar Fair LP	DEPOSITRY UNIT	150185106	8,774	135	SH		SOLE		0	0	0
Celgene Corporation	COM	151020104	2,437,119	23,353	SH		SOLE		0	0	0
CenterPoint Energy Incorporated	COM	15189T107	649,586	22,905	SH		SOLE		0	0	0
Charles Schwab and Company	COM	808513105	2,295,725	44,690	SH		SOLE		0	0	0
Charles Schwab US MC ETF	US MID CAP ETF	808524508	3,241	61	SH		SOLE		0	0	0
Citigroup	COM NEW	172967424	334,771	4,499	SH		SOLE		0	0	0
Clorox Company	COM	189054109	7,437	50	SH		SOLE		0	0	0
Cognizant Technology Solutions Corporation	CL A	192446102	2,469,721	34,775	SH		SOLE		0	0	0
Compass Minerals International Incorporated	COM	20451N101	1,587,694	21,975	SH		SOLE		0	0	0
ConocoPhillips	COM	20825C104	1,285,798	23,425	SH		SOLE		0	0	0
Costco Wholesale Corporation	COM	22160K105	1,591,698	8,552	SH		SOLE		0	0	0
CVS Health Corporation	COM	126650100	1,460,150	20,140	SH		SOLE		0	0	0
Deleware MN Municipal II Income Fund	COM	24610V103	30,981	2,300	SH		SOLE		0	0	0
Discover Financial Services	COM	254709108	11,538	150	SH		SOLE		0	0	0
Dowdupont Inc	COM	26078J100	3,053,201	42,870	SH		SOLE		0	0	0
Duke Realty Corporation	COM NEW	264411505	6,122	225	SH		SOLE		0	0	0
Ecolab Incorporated	COM	278865100	2,283,744	17,020	SH		SOLE		0	0	0
Enterprise Product Partners LP	COM	293792107	212,080	8,000	SH		SOLE		0	0	0
ExxonMobil Corporation	COM	30231G102	31,365	375	SH		SOLE		0	0	0
Facebook Incorporated	CL A	30303M102	3,252,511	18,432	SH		SOLE		0	0	0
Five Below Incorporated	COM	33829M101	109,428	1,650	SH		SOLE		0	0	0
Ford Motor Company	COM PAR	345370860	6,370	510	SH		SOLE		0	0	0
Gilead Sciences Inc	COM	375558103	583,866	8,150	SH		SOLE		0	0	0
Goldman Sachs Group Incorporated	COM	38141G104	127,380	500	SH		SOLE		0	0	0
Hanesbrands Inc	COM	410345102	407,745	19,500	SH		SOLE		0	0	0
Henry Schein Incorporated	COM	806407102	1,939,450	27,754	SH		SOLE		0	0	0
Hi Crush Partners LP	COM UNIT LTD	428337109	117,700	11,000	SH		SOLE		0	0	0
Home Depot Incorporated	COM	437076102	3,815,618	20,132	SH		SOLE		0	0	0
Honeywell International	COM	438516106	2,015,917	13,145	SH		SOLE		0	0	0
Hortonworks Inc	COM	440894103	9,050	450	SH		SOLE		0	0	0
Incyte Corp	COM	45337C102	3,108,856	32,825	SH		SOLE		0	0	0
Intel Corporation	COM	458140100	1,184,235	25,655	SH		SOLE		0	0	0
iShares Barclays 13 Year Bond Fund ETF	1 3 YR TREAS BD	464287457	12,158	145	SH		SOLE		0	0	0
iShares Core SandP Small-Cap ETF	CORE S and P SCP ETF	464287804	159,464	2,076	SH		SOLE		0	0	0
iShares MSCI Emerging Markets ETF	MSCI EMG MKT ETF	464287234	235,600	5,000	SH		SOLE		0	0	0
iShares SandP 500 Growth Index Fund ETF	S and P 500 GRWT ETF	464287309	7,639	50	SH		SOLE		0	0	0
iShares SandP Mid Cap 400 Index ETF	CORE S&P MCP ETF	464287507	592,688	3,123	SH		SOLE		0	0	0
iShares Short Maturity Bond Fund	SHT MAT BD ETF	46431W507	1,481,547	29,560	SH		SOLE		0	0	0
iShares TR Barclays TIPS Bond Fund	TIPS BD ETF	464287176	674,441	5,912	SH		SOLE		0	0	0
iShares TR Russell 2000 Growth Fund ETF	RUS 2000 GRW ETF	464287648	4,107	22	SH		SOLE		0	0	0
iShares Trust MSCI EAFE Index ETF	MSCI EAFE ETF	464287465	1,122,788	15,970	SH		SOLE		0	0	0
Johnson and Johnson Incorporated	COM	478160104	656,684	4,700	SH		SOLE		0	0	0
JP Morgan Chase and Company	COM	46625H100	791,356	7,400	SH		SOLE		0	0	0
MasTec Incorporated	COM	576323109	1,484,164	30,320	SH		SOLE		0	0	0
McKesson Corporation	COM	58155Q103	1,513,027	9,702	SH		SOLE		0	0	0
MDU Resources Group	COM	552690109	205,498	7,645	SH		SOLE		0	0	0
Medtronic PLC	SHS	G5960L103	56,525	700	SH		SOLE		0	0	0
Microsoft Corporation	COM	594918104	2,167,156	25,335	SH		SOLE		0	0	0
Nektar Therapeutics	COM	640268108	3,389,707	56,760	SH		SOLE		0	0	0
Netflix Inc	COM	64110L106	14,397	75	SH		SOLE		0	0	0
Nvidia Corp	COM	67066G104	9,675	50	SH		SOLE		0	0	0
Orbotech LTD	ORD	M75253100	5,752,480	114,500	SH		SOLE		0	0	0
Party City Holdco In	COM	702149105	90,675	6,500	SH		SOLE		0	0	0
PayPal HLDGS INC	COM	70450Y103	1,722,340	23,395	SH		SOLE		0	0	0
PepsiCo Incorporated	COM	713048108	1,209,033	10,082	SH		SOLE		0	0	0
Perrigo Coporation	SHS	714290103	1,307	15	SH		SOLE		0	0	0
Pfizer Incorporated	COM	717081103	10,866	300	SH		SOLE		0	0	0
Pioneer Natural Resources Company	COM	723787107	356,071	2,060	SH		SOLE		0	0	0
Polaris Industries	COM	731068102	493,480	3,980	SH		SOLE		0	0	0
PowerShares FTSE RAFI US 1000 ETF	FTSE RAFI 1000	73935X583	156,881	1,381	SH		SOLE		0	0	0
PowerShares Preferred ETF	PFD PORTFOLIO	73936T565	738,319	49,685	SH		SOLE		0	0	0
Proctor and Gamble Incorporated	COM	742718109	1,146,726	12,481	SH		SOLE		0	0	0
Proto Labs Inc	COM	743713109	8,396,560	81,520	SH		SOLE		0	0	0
Prudential Financial Incporporated	COM	744320102	5,749	50	SH		SOLE		0	0	0
PsychMedic Corporation	COM NEW	744375205	318,680	15,500	SH		SOLE		0	0	0
Ross Stores Incorporated	COM	778296103	2,506,208	31,230	SH		SOLE		0	0	0
Schwab Emerging Markets ETF	EMRG MKTEQ ETF	808524706	993,755	25,567	SH		SOLE		0	0	0
Schwab US Large Cap ETF	US LRG CAP ETF	808524201	204,375	3,204	SH		SOLE		0	0	0
Schwab US Aggregate Bond ETF	US AGGREGATE B	808524839	274,646	5,278	SH		SOLE		0	0	0
Schwab US Broad Market ETF	US BRD MKT ETF	808524102	255,774	3,964	SH		SOLE		0	0	0
Schwab US Small Cap ETF	US SML CAP ETF	808524607	48,597	702	SH		SOLE		0	0	0
Stryker Corporation	COM	863667101	2,814,217	18,175	SH		SOLE		0	0	0
Suncor Energy	COM	867224107	958,392	26,100	SH		SOLE		0	0	0
Surmodics Incorporated	COM	868873100	1,400	50	SH		SOLE		0	0	0
TCF Financial	COM	872275102	3,731	182	SH		SOLE		0	0	0
Texas Instruments	COM	882508104	6,561,025	62,821	SH		SOLE		0	0	0
The Priceline Group Incorporated	COM NEW	741503403	2,526,674	1,454	SH		SOLE		0	0	0
The Southern Company	COM	842587107	77,665	1,615	SH		SOLE		0	0	0
Thermo Fisher Scientific	COM	883556102	3,503,096	18,449	SH		SOLE		0	0	0
UnitedHealth Group Incorporated	COM	91324P102	99,207	450	SH		SOLE		0	0	0
US Bancorporation	COM NEW	902983304	4,183,794	78,085	SH		SOLE		0	0	0
Vanguard High Yield Dividend Index ETF	HIGH DIV YLD	921946406	20,979	245	SH		SOLE		0	0	0
Vanguard Mid Cap Value ETF	MCAP VL IDXVIP	922908512	299,008	2,680	SH		SOLE		0	0	0
VISA Incorporated	COM CL A	92826C839	2,801,471	24,570	SH		SOLE		0	0	0
Walt Disney Company	COM DISNEY	254687106	2,761,394	25,685	SH		SOLE		0	0	0
Waste Management	COM	94106L109	10,788	125	SH		SOLE		0	0	0
Wells Fargo and Company	COM	949746101	4,596,966	75,770	SH		SOLE		0	0	0
Welltower Incorporated	COM	95040Q104	568,828	8,920	SH		SOLE		0	0	0
Williams Companies	COM	969457100	849,604	27,865	SH		SOLE		0	0	0
Williams Sonoma	COM	969904101	1,883,690	36,435	SH		SOLE		0	0	0
Wyndham Worldwide Corporation	COM	98310W108	695,220	6,000	SH		SOLE		0	0	0
Xcel Energy Incorporated	COM	98389B100	27,663	575	SH		SOLE		0	0	0
Yum China Holdings	COM	98850P109	28,014	700	SH		SOLE		0	0	0
Yum! Brands Incorporated	COM	988498101	32,644	400	SH		SOLE		0	0	0