Cairn Investment 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
Booking Holdings	COM	09857L108	4,477	1,234	SH		SOLE		0	0	1,234
Apple Inc	COM	037833100	10,952	63,869	SH		SOLE		0	0	63,869
3M Company	COM	88579Y101	1,705	16,076	SH		SOLE		0	0	16,076
Acuity Brands Inc	COM	00508Y102	6,718	24,998	SH		SOLE		0	0	24,998
Invesco QQQ Tr	UNIT SER 1	46090E103	1,372	3,090	SH		SOLE		0	0	3,090
Alphabet Inc. A	CAP STK CL A	02079K305	1,883	12,475	SH		SOLE		0	0	12,475
Cencora Inc	COM	03073E105	2,294	9,439	SH		SOLE		0	0	9,439
Expeditors INTL Wash Inc	COM	302130109	5,244	43,136	SH		SOLE		0	0	43,136
Berkshire Hathaway Inc B	CL B NEW	084670702	1,189	2,828	SH		SOLE		0	0	2,828
Comcast Corp	CL A	20030N101	4,386	101,175	SH		SOLE		0	0	101,175
Biogen Inc	COM	09062X103	2,444	11,333	SH		SOLE		0	0	11,333
Ameriprise Financial Inc	COM	03076C106	357	814	SH		SOLE		0	0	814
Cardinal Health Inc	COM	14149Y108	1,603	14,326	SH		SOLE		0	0	14,326
American Express Co	COM	025816109	433	1,900	SH		SOLE		0	0	1,900
Cisco Systems Inc	COM	17275R102	1,331	26,666	SH		SOLE		0	0	26,666
Cognizant Tech Solutions	CL A	192446102	3,974	54,217	SH		SOLE		0	0	54,217
Columbia Sportwear Co	COM	198516106	3,660	45,080	SH		SOLE		0	0	45,080
ConocoPhillips	COM	20825C104	5,546	43,573	SH		SOLE		0	0	43,573
Costco Wholesale Corp	COM	22160K105	4,413	6,024	SH		SOLE		0	0	6,024
Vanguard INTL Equity Index	FTSE EMR MKT ETF	922042858	9,558	228,821	SH		SOLE		0	0	228,821
Emerson Elec Co	COM	291011104	363	3,200	SH		SOLE		0	0	3,200
Edwards Lifesciences	COM	28176E108	1,548	16,200	SH		SOLE		0	0	16,200
Eli Lilly & Co	COM	532457108	2,785	3,580	SH		SOLE		0	0	3,580
Exxon Mobil Corp	COM	30231G102	1,382	11,889	SH		SOLE		0	0	11,889
F5 Networks Inc	COM	315616102	3,113	16,422	SH		SOLE		0	0	16,422
Cigna Group	COM	125523100	4,970	13,683	SH		SOLE		0	0	13,683
Ford Motor Company	COM	345370860	598	45,025	SH		SOLE		0	0	45,025
General Dynamics Corp	COM	369550108	1,778	6,295	SH		SOLE		0	0	6,295
Gilead Sciences	COM	375558103	1,778	24,273	SH		SOLE		0	0	24,273
Goldman Sachs Group Inc	COM	38141G104	4,673	11,187	SH		SOLE		0	0	11,187
Amazon Com Inc	COM	023135106	467	2,590	SH		SOLE		0	0	2,590
Nike Inc	CL B	654106103	226	2,400	SH		SOLE		0	0	2,400
Goldman Sachs ETF Tr	TREASURYACCESS	381430529	1,397	13,850	SH		SOLE		0	0	13,850
Abbott Laboratories	COM	002824100	210	1,849	SH		SOLE		0	0	1,849
iShares Short Treasury	SHORT TREAS BD	464288679	719	6,500	SH		SOLE		0	0	6,500
Kroger Co	COM	501044101	3,555	62,230	SH		SOLE		0	0	62,230
LyondellBasell Industries	SHS A	N53745100	4,423	43,244	SH		SOLE		0	0	43,244
McKesson Corp.	COM	58155Q103	2,059	3,835	SH		SOLE		0	0	3,835
Microsoft Corp	COM	594918104	1,335	3,173	SH		SOLE		0	0	3,173
Merck & Co Inc	COM	58933Y105	462	3,500	SH		SOLE		0	0	3,500
Cintas Corp	COM	172908105	490	713	SH		SOLE		0	0	713
Novo Nordisk A/S ADR	ADR	670100205	2,459	19,150	SH		SOLE		0	0	19,150
Omnicom Group Inc	COM	681919106	4,333	44,784	SH		SOLE		0	0	44,784
PACCAR Inc.	COM	693718108	4,367	35,251	SH		SOLE		0	0	35,251
PepsiCo Inc	COM	713448108	653	3,733	SH		SOLE		0	0	3,733
KLA-Tencor Corp	COM	482480100	226	324	SH		SOLE		0	0	324
Qualcomm Inc	COM	747525103	5,817	34,360	SH		SOLE		0	0	34,360
Walt Disney Co	COM	254687106	475	3,885	SH		SOLE		0	0	3,885
iShares Trust	CORE MSCI EAFE	46432F842	375	5,052	SH		SOLE		0	0	5,052
EOG Resources Inc	COM	26875P101	1,871	14,633	SH		SOLE		0	0	14,633
Meta Platforms	CL A	30303M102	3,960	8,153	SH		SOLE		0	0	8,153
U.S. Bancorp	COM	902973304	1,166	26,088	SH		SOLE		0	0	26,088
UnitedHealth Group Inc	COM	91324P102	429	867	SH		SOLE		0	0	867
Vanguard Russell 1000 Value	VNG RUS1000VAL	92206C714	2,337	29,717	SH		SOLE		0	0	29,717
JPMorgan Chase & Co	COM	46615H100	712	3,557	SH		SOLE		0	0	3,557
Vanguard Total International S	VG TL INTL STK F	921909768	17,236	285,836	SH		SOLE		0	0	285,836
Vanguard Specialized Funds	DIV APP ETF	921908844	409	2,238	SH		SOLE		0	0	2,238
Verizon Communications	COM	92343V104	1,772	42,235	SH		SOLE		0	0	42,235
Vaneck Vectors ETF Tr	GOLD MINERS ETF	92189F106	5,185	163,990	SH		SOLE		0	0	163,990
iShares Trust	MSCI BRAZIL ETF	464286400	6,768	208,745	SH		SOLE		0	0	208,745
iShares Trust	SELECT DIVID ETF	464287168	215	1,742	SH		SOLE		0	0	1,742
iShares Trust	CORE S&P500 ETF	464287200	233	444	SH		SOLE		0	0	444
Union Pacific Corp	COM	907818108	273	1,110	SH		SOLE		0	0	1,110
Visa Inc	COM CL A	92826C839	552	1,978	SH		SOLE		0	0	1,978
Walgreens Boots Alliance	COM	931427108	529	24,405	SH		SOLE		0	0	24,405