Shilanski & Associates 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
hours per response:		23.8

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
TRITON INTL LTD	CL A	G9078F107	5,025,567	60,360	SH		SOLE		0	0	60,360
UBS GROUP AG	SHS	H42097107	240,909	11,885	SH		SOLE		0	0	11,885
COPA HOLDINGS SA	CL A	P31076105	225,694	2,041	SH		SOLE		0	0	2,041
ABB LTD	SPONSORED ADR	000375204	286,974	7,214	SH		SOLE		0	0	7,214
AFLAC INC	COM	001055102	1,361,761	19,509	SH		SOLE		0	0	19,509
ASE TECHNOLOGY HLDG CO LTD	SPONSORED ADS	00215W100	201,870	25,914	SH		SOLE		0	0	25,914
ABBVIE INC	COM	00287Y109	2,928,289	21,735	SH		SOLE		0	0	21,735
ALASKA AIR GROUP INC	COM	011659109	374,540	7,043	SH		SOLE		0	0	7,043
ALPHABET INC	CAP STK CL A	02079K305	288,836	2,413	SH		SOLE		0	0	2,413
ALTRIA GROUP INC	COM	02209S103	4,157,639	91,780	SH		SOLE		0	0	91,780
AMAZON COM INC	COM	023135106	557,810	4,279	SH		SOLE		0	0	4,279
AMERICAN WTR WKS CO INC NEW	COM	030420103	3,702,114	25,934	SH		SOLE		0	0	25,934
AMGEN INC	COM	031162100	252,789	1,139	SH		SOLE		0	0	1,139
APA CORPORATION	COM	03743Q108	988,699	28,935	SH		SOLE		0	0	28,935
APPLE INC	COM	037833100	4,243,739	21,878	SH		SOLE		0	0	21,878
AXON ENTERPRISE INC	COM	05464C101	1,290,133	6,612	SH		SOLE		0	0	6,612
BANCO BILBAO VIZCAYA ARGENTA	SPONSORED ADR	05946K101	226,752	29,525	SH		SOLE		0	0	29,525
BANK AMERICA CORP	COM	060505104	3,006,316	104,786	SH		SOLE		0	0	104,786
BELDEN INC	COM	077454106	1,482,671	15,496	SH		SOLE		0	0	15,496
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,580,876	4,636	SH		SOLE		0	0	4,636
BOEING CO	COM	097023105	210,361	996	SH		SOLE		0	0	996
BRASKEM S A	SP ADR PFD A	105532105	327,984	1,673	SH		SOLE		0	0	1,673
CRH PLC	ADR	12626K203	212,554	3,814	SH		SOLE		0	0	3,814
CADENCE DESIGN SYSTEM INC	COM	127387108	1,319,879	5,628	SH		SOLE		0	0	5,628
CEMEX SAB DE CV	SPON ADR NEW	151290889	88,415	12,488	SH		SOLE		0	0	12,488
CHEVRON CORP NEW	COM	166764100	663,495	4,217	SH		SOLE		0	0	4,217
CISCO SYS INC	COM	17275R102	4,597,540	88,859	SH		SOLE		0	0	88,859
COCA COLA CO	COM	191216100	4,057,446	67,119	SH		SOLE		0	0	67,119
COCA-COLA FEMSA SAB DE CV	SPONSORD ADR REP	191241108	216,689	2,601	SH		SOLE		0	0	2,601
CONSTELLATION ENERGY CORP	COM	21037T109	642,773	7,021	SH		SOLE		0	0	7,021
COTY INC	COM CL A	222070203	1,073,052	87,311	SH		SOLE		0	0	87,311
CROCS INC	COM	227046109	1,240,888	11,036	SH		SOLE		0	0	11,036
CURTISS WRIGHT CORP	COM	231561101	887,420	4,829	SH		SOLE		0	0	4,829
DOW INC	COM	260557103	338,975	6,365	SH		SOLE		0	0	6,365
DUKE ENERGY CORP NEW	COM NEW	26441C204	217,470	2,423	SH		SOLE		0	0	2,423
EMBRAER S.A.	SPONSORED ADS	29082A107	221,820	14,348	SH		SOLE		0	0	14,348
EXXON MOBIL CORP	COM	30231G102	6,824,848	63,635	SH		SOLE		0	0	63,635
F N B CORP	COM	302520101	118,061	10,320	SH		SOLE		0	0	10,320
META PLATFORMS INC	CL A	30303M102	264,596	922	SH		SOLE		0	0	922
FAIR ISAAC CORP	COM	303250104	1,482,473	1,832	SH		SOLE		0	0	1,832
FIRST TR EXCHANGE-TRADED FD	FIRST TR ENH NEW	33739Q408	7,036,749	118,179	SH		SOLE		0	0	118,179
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	210,290	1,897	SH		SOLE		0	0	1,897
GENERAL MLS INC	COM	370334104	3,312,891	43,193	SH		SOLE		0	0	43,193
GILEAD SCIENCES INC	COM	375558103	1,004,496	13,034	SH		SOLE		0	0	13,034
ING GROEP N.V.	SPONSORED ADR	456837103	180,754	13,419	SH		SOLE		0	0	13,419
INTEL CORP	COM	458140100	398,075	11,904	SH		SOLE		0	0	11,904
INTERNATIONAL BUSINESS MACHS	COM	459200101	4,174,963	31,201	SH		SOLE		0	0	31,201
INTERPUBLIC GROUP COS INC	COM	460690100	1,470,183	38,107	SH		SOLE		0	0	38,107
INVESCO QQQ TR	UNIT SER 1	46090E103	326,344	883	SH		SOLE		0	0	883
INVESCO EXCH TRADED FD TR II	S&P500 HDL VOL	46138E362	8,481,099	205,105	SH		SOLE		0	0	205,105
IQIYI INC	SPONSORED ADS	46267X108	97,001	18,165	SH		SOLE		0	0	18,165
ISHARES TR	TIPS BD ETF	464287176	6,899,694	64,112	SH		SOLE		0	0	64,112
ISHARES TR	CORE S&P500 ETF	464287200	1,582,453	3,550	SH		SOLE		0	0	3,550
ISHARES TR	CORE US AGGBD ET	464287226	1,090,574	11,134	SH		SOLE		0	0	11,134
ISHARES TR	RUS 2000 GRW ETF	464287648	306,097	1,261	SH		SOLE		0	0	1,261
ISHARES TR	IBOXX HI YD ETF	464288513	795,119	10,592	SH		SOLE		0	0	10,592
ISHARES TR	0-5YR HI YL CP	46434V407	677,749	16,351	SH		SOLE		0	0	16,351
JPMORGAN CHASE & CO	COM	46625H100	537,025	3,692	SH		SOLE		0	0	3,692
J P MORGAN EXCHANGE TRADED F	ULTRA SHRT INC	46641Q837	752,902	15,016	SH		SOLE		0	0	15,016
KBR INC	COM	48242W106	1,615,398	24,829	SH		SOLE		0	0	24,829
KINSALE CAP GROUP INC	COM	49714P108	2,177,685	5,820	SH		SOLE		0	0	5,820
LATTICE SEMICONDUCTOR CORP	COM	518415104	1,449,024	15,083	SH		SOLE		0	0	15,083
LILLY ELI & CO	COM	532457108	1,846,610	3,938	SH		SOLE		0	0	3,938
MCKESSON CORP	COM	58155Q103	2,398,702	5,609	SH		SOLE		0	0	5,609
MICROSOFT CORP	COM	594918104	5,250,165	15,417	SH		SOLE		0	0	15,417
NATIONAL HEALTH INVS INC	COM	63633D104	2,700,110	51,038	SH		SOLE		0	0	51,038
NOVO-NORDISK A S	ADR	670100205	443,414	2,740	SH		SOLE		0	0	2,740
NUCOR CORP	COM	670346105	362,888	2,213	SH		SOLE		0	0	2,213
NVIDIA CORPORATION	COM	67066G104	1,073,534	2,538	SH		SOLE		0	0	2,538
ORANGE	SPONSORED ADR	684060106	124,280	10,677	SH		SOLE		0	0	10,677
POSCO HOLDINGS INC	SPONSORED ADR	693483109	235,087	3,179	SH		SOLE		0	0	3,179
PERFORMANCE FOOD GROUP CO	COM	71377A103	1,189,800	19,751	SH		SOLE		0	0	19,751
PFIZER INC	COM	717081103	3,284,167	89,536	SH		SOLE		0	0	89,536
PHILIP MORRIS INTL INC	COM	718172109	2,390,365	24,486	SH		SOLE		0	0	24,486
PROCTER AND GAMBLE CO	COM	742718109	4,015,900	26,466	SH		SOLE		0	0	26,466
RELX PLC	SPONSORED ADR	759530108	237,888	7,116	SH		SOLE		0	0	7,116
RIO TINTO PLC	SPONSORED ADR	767204100	3,640,062	57,019	SH		SOLE		0	0	57,019
ROYAL BK CDA	COM	780087102	2,986,502	31,269	SH		SOLE		0	0	31,269
SPDR S&P 500 ETF TR	TR UNIT	78462F103	24,044,384	54,242	SH		SOLE		0	0	54,242
SPDR SER TR	ICE PFD SEC ETF	78464A292	3,244,335	96,933	SH		SOLE		0	0	96,933
SPDR SER TR	PORTFOLIO INTRMD	78464A375	6,717,820	209,213	SH		SOLE		0	0	209,213
SPDR SER TR	PRTFLO S&P500 VL	78464A508	7,104,126	164,447	SH		SOLE		0	0	164,447
SPDR SER TR	PORTFOLIO AGRGTE	78464A649	665,252	26,222	SH		SOLE		0	0	26,222
SPDR SER TR	PORTFOLI S&P1500	78464A805	2,883,796	52,972	SH		SOLE		0	0	52,972
SSGA ACTIVE ETF TR	BLACKSTONE SENR	78467V608	6,054,449	144,601	SH		SOLE		0	0	144,601
SPDR SER TR	BLOOMBERG SHT TE	78468R408	751,089	30,408	SH		SOLE		0	0	30,408
SPDR SER TR	BLOOMBERG HIGH Y	78468R622	6,754,081	73,390	SH		SOLE		0	0	73,390
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	14,967,833	289,513	SH		SOLE		0	0	289,513
SCHWAB STRATEGIC TR	SCHWB FDT INT SC	808524748	4,798,197	144,568	SH		SOLE		0	0	144,568
SCHWAB STRATEGIC TR	SCHWB FDT INT LG	808524755	8,400,698	260,164	SH		SOLE		0	0	260,164
SOUTHERN CO	COM	842587107	4,333,294	61,684	SH		SOLE		0	0	61,684
STEEL DYNAMICS INC	COM	858119100	1,228,530	11,278	SH		SOLE		0	0	11,278
STMICROELECTRONICS N V	NY REGISTRY	861012102	210,854	4,215	SH		SOLE		0	0	4,215
SUPER MICRO COMPUTER INC	COM	86800U104	1,080,499	4,335	SH		SOLE		0	0	4,335
TARGET CORP	COM	87612E106	2,806,463	21,277	SH		SOLE		0	0	21,277
TENCENT MUSIC ENTMT GROUP	SPON ADS	88034P109	159,069	21,554	SH		SOLE		0	0	21,554
TEREX CORP NEW	COM	880779103	1,747,438	29,207	SH		SOLE		0	0	29,207
TESLA INC	COM	88160R101	249,205	952	SH		SOLE		0	0	952
3M CO	COM	88579Y101	287,679	2,874	SH		SOLE		0	0	2,874
TORO CO	COM	891092108	1,013,803	9,973	SH		SOLE		0	0	9,973
TRANSPORTADORA DE GAS SUR	SPONSORED ADS B	893870204	246,751	5,696	SH		SOLE		0	0	5,696
UNITEDHEALTH GROUP INC	COM	91324P102	327,961	682	SH		SOLE		0	0	682
UNUM GROUP	COM	91529Y106	2,083,403	43,677	SH		SOLE		0	0	43,677
VANECK ETF TRUST	BDC INCOME ETF	92189F411	3,058,542	199,124	SH		SOLE		0	0	199,124
VANGUARD WORLD FDS	ENERGY ETF	92204A306	3,897,644	34,371	SH		SOLE		0	0	34,371
VANGUARD WORLD FDS	UTILITIES ETF	92204A876	2,674,053	18,733	SH		SOLE		0	0	18,733
VERIZON COMMUNICATIONS INC	COM	92343V104	459,630	12,359	SH		SOLE		0	0	12,359
VIPSHOP HOLDINGS LIMITED	SPONSORED ADS A	92763W103	201,003	12,182	SH		SOLE		0	0	12,182
WALGREENS BOOTS ALLIANCE INC	COM	931427108	233,167	8,184	SH		SOLE		0	0	8,184
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	303,696	20,396	SH		SOLE		0	0	20,396