0001144204-11-028021.txt : 20110511
0001144204-11-028021.hdr.sgml : 20110511
20110511141244
ACCESSION NUMBER: 0001144204-11-028021
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110331
FILED AS OF DATE: 20110511
DATE AS OF CHANGE: 20110511
EFFECTIVENESS DATE: 20110511
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: WHITE PINE CAPITAL LLC
CENTRAL INDEX KEY: 0001137429
IRS NUMBER: 411933144
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-06425
FILM NUMBER: 11831414
BUSINESS ADDRESS:
STREET 1: 60 SOUTH SIXTH STREET, SUITE 2530
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55391
BUSINESS PHONE: 6123769765
13F-HR
1
v222013_13f.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2011
---------------------------------
Check here if Amendment |_|; Amendment Number:
This Amendment (Check only one.): |_| is a restatement.
|_| adds new holding entries.
Institutional Investment Manager Filing this Report:
Name: White Pine Capital, LLC
----------------------------------------------------------------------
Address: 60 South Sixth Street, Suite 2530
----------------------------------------------------------------------
Minneapolis, MN 55402
----------------------------------------------------------------------
Form 13F File Number: 28-06425
--------
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Mike Wallace
----------------------------------------------------------------------
Title: Principal
----------------------------------------------------------------------
Phone: (612) 376-2961
----------------------------------------------------------------------
Signature, Place, and Date of Signing:
/s/ Mike Wallace Minneapolis, MN 05-11-2011
---------------------------------- ------------------------------- ----------
[Signature] [City, State] [Date]
Report type (Check only one.):
|X| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
|_| 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager (s).)
|_| 13F COMBINATION REPORT. (Check here is a portion of the holdings for this
reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
-------------------
Form 13F Information Table Entry Total: 262
-------------------
Form 13F Information Table Value Total: $287,465
-------------------
(thousands)
List of Other Included Managers:
Provide a numbered list of the names(s) and Form 13F file numbers(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
White Pine Capital, LLC
FORM 13F
31-March-11
Voting Authority
Title of Value Shares/ Sh/ Put/ Invstmt Other ---------------------------
Name of Issuer class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
------------------------------ --------- --------- -------- --------- --- ---- ------- -------- -------- ------ --------
FIDELITY INTERMEDIATE MUNICIPA 31638R204 201 20169.079 SH Sole 20169.08
FIDELITY MINNESOTA MUNICIPAL I 316412303 155 13784.759 SH Sole 13784.76
FIDELITY MUNICIPAL INCOME FUND 316089507 410 33698.226 SH Sole 33698.23
FIDELITY SHORT-INTERMEDIATE MU 316203207 191 18048.709 SH Sole 18048.71
ISHARES BARCLAYS 1-3 YEAR CR F 464288646 7568 72462 SH Sole 14375 58087
ISHARES BARCLAYS AGGREGATE BON 464287226 879 8360 SH Sole 5765 2595
ISHARES BARCLAYS INTERMEDIATE 464288638 326 3100 SH Sole 1750 1350
ISHARES IBOXX INV GRADE CORP B 464287242 2550 23571 SH Sole 6600 16971
PROSHARES ULTRASHORT LEHMAN 74347R297 341 9100 SH Sole 9100
ROWE PRICE TX FREE INC ADVISOR 779576206 246 26064.623 SH Sole 26064.62
WELLS FARGO NC MUNI FUND 94985D731 1184 124854.537 SH Sole 124854.5
3M CO COM 88579Y101 15449 165227 SH Sole 4100 161127
ABBOTT LABS COM COM 002824100 4623 94250 SH Sole 44300 49950
ACCENTURE PLC COM G1151C101 754 13725 SH Sole 10050 3675
ADOBE SYSTEMS INC COM 00724F101 1956 59000 SH Sole 31925 27075
ADVANCED ANALOGIC TECH COM 00752J108 481 127150 SH Sole 102850 24300
AERCAP HOLDINGS NV COM N00985106 1935 153975 SH Sole 111925 42050
AIR PRODUCTS & CHEMICAL COM 009158106 676 7500 SH Sole 4725 2775
AKAMAI TECHNOLOGIES COM 00971T101 846 22250 SH Sole 10350 11900
AKORN INC COM 009728106 555 96125 SH Sole 96125
ALLIANT ENERGY CORP COM 018802108 2170 55742 SH Sole 26475 29267
ALLSTATE CORP COM COM 020002101 1419 44650 SH Sole 28050 16600
AMERICAN DENTAL PARTNERS COM 025353103 304 23175 SH Sole 22675 500
AMERICAN EAGLE OUTFITTERS COM 02553E106 2373 149325 SH Sole 86600 62725
AMERICAN RIVER BANKSHRS (CA) COM 029326105 146 22050 SH Sole 22050
AMERIGON INC CL A COM 03070L300 673 44100 SH Sole 28800 15300
ANADIGICS INC COM 032515108 558 124925 SH Sole 75450 49475
ANHEUSER BUSCH INBEV COM 03524A108 983 17200 SH Sole 11150 6050
ANNALY CAPITAL MANAGEMENT INC COM 035710409 2643 151450 SH Sole 80750 70700
APACHE CORP COM COM 037411105 526 4018 SH Sole 828 3190
APPLIED MATERIALS INC COM 038222105 792 50725 SH Sole 30000 20725
AT&T INC COM 00206R102 6466 211238.27 SH Sole 97826 113412.3
ATHEROS COMMUNICATIONS COM 04743P108 1657 37100 SH Sole 23000 14100
ATP OIL & GAS COM 00208J108 1000 55200 SH Sole 38600 16600
ATRICURE INC COM 04963C209 195 17100 SH Sole 17100
AUTHENTEC INC COM 052660107 186 58150 SH Sole 48150 10000
AVIAT NETWORKS INC COM COM 05366Y102 1570 303728 SH Sole 218798 84930
BAKER HUGHES INC COM 057224107 1432 19504 SH Sole 12868 6636
BANK OF COMMERCE HOLDINGS COM 06424J103 212 50475 SH Sole 31725 18750
BARRICK GOLD CORP COM 067901108 946 18225 SH Sole 10300 7925
BAXTER INTERNATIONAL INC COM 071813109 2123 39475 SH Sole 20000 19475
BB&T CORP COM 054937107 1541 56150 SH Sole 28275 27875
BEBE STORES INC COM 075571109 59 10000 SH Sole 10000
BERKSHIRE HATHAWAY INC CL B COM 084670702 577 6900 SH Sole 6900
BIG LOTS INC COM 089302103 1550 35700 SH Sole 18925 16775
BIOSCRIP INC COM 09069N108 907 194200 SH Sole 136600 57600
BLOUNT INTL INC COM 095180105 331 20700 SH Sole 13300 7400
BOEING CO COM COM 097023105 761 10300 SH Sole 6700 3600
BRISTOL MYERS SQUIBB COM COM 110122108 2990 113140 SH Sole 52050 61090
BROADCOM CORPORATION COM 111320107 926 23525 SH Sole 14250 9275
BUILD-A-BEAR WORKSHOP INC COM 120076104 375 62000 SH Sole 33500 28500
BUNGE INC COM G16962105 1640 22670 SH Sole 12350 10320
C H ROBINSON WORLDWIDE COM COM 12541W209 691 9328 SH Sole 1528 7800
CALAVO GROWERS COM 128246105 704 32200 SH Sole 11650 20550
CHATHAM LODGING TRUST COM 16208T102 310 19050 SH Sole 19050
CHEVRON CORPORATION COM 166764100 8564 79668 SH Sole 38654 41014
CHICO'S FAS INC COM 168615102 1197 80375 SH Sole 45975 34400
CHRISTOPHER & BANKS CORP COM 171046105 65 10000 SH Sole 10000
CISCO SYS INC COM COM 17275R102 2242 130740 SH Sole 83200 47540
CITIGROUP INC COM COM 172967101 1187 268619 SH Sole 163325 105294
CKX INC COM 12562M106 532 125950 SH Sole 73125 52825
CNS RESPONSE - LEGEND COM cnsolgd 20 45000 SH Sole 45000
COCA COLA CO COM COM 191216100 661 9964 SH Sole 1400 8564
COEUR D'ALENE MINES COM 192108504 1141 32800 SH Sole 10750 22050
COGO GROUP INC COM 192448108 631 78150 SH Sole 59200 18950
COLGATE-PALMOLIVE CO COM 194162103 400 4950 SH Sole 1200 3750
COLLECTIVE BRANDS INC COM 19421W100 467 21625 SH Sole 18025 3600
COLONIAL PROPERTIES TRUST COM 195872106 200 10400 SH Sole 10000 400
CONSOLIDATED WATER CO COM G23773107 142 13000 SH Sole 13000
CORELOGIC INC COM 21871D103 233 12575 SH Sole 11075 1500
COSTCO WHOLESALE CORP COM 22160K105 634 8650 SH Sole 5525 3125
COVIDIEN PLC COM G2554F113 1658 31925 SH Sole 16600 15325
CPI CORP COM 125902106 546 24250 SH Sole 16550 7700
CSX CORP COM COM 126408103 351 4470 SH Sole 1114 3356
CVS CAREMARK CORP COM 126650100 2462 71725 SH Sole 37550 34175
CYBEROPTICS CORP COM COM 232517102 391 45125 SH Sole 17250 27875
DARLING INTL INC COM 237266101 1235 80325 SH Sole 53475 26850
DATALINK CORP COM 237934104 1227 191775 SH Sole 93550 98225
DEALERTRACK HOLDINGS INC COM 242309102 262 11450 SH Sole 11450
DIANA SHIPPING COM Y2066G104 1051 88800 SH Sole 55425 33375
DIGITALGLOBE INC COM 25389M877 263 9375 SH Sole 9375
DIRECTV COM CLASS A COM 25490A101 405 8661 SH Sole 1917 6744
DONALDSON INC COM COM 257651109 451 7359 SH Sole 7359
E M C CORP MASS COM COM 268648102 2901 109217 SH Sole 55797 53420
EATON CORP COM COM 278058102 373 6734 SH Sole 1834 4900
EBAY INC COM 278642103 3306 106495 SH Sole 53175 53320
EMERSON ELEC CO COM COM 291011104 210 3600 SH Sole 150 3450
ENERGY XXI (BERMUDA) LTD COM G10082140 379 11125 SH Sole 10425 700
ENERGYTEC INC COM 29275M108 0 57700 SH Sole 57700
ENTEGRIS INC (DE) COM 29362U104 148 16800 SH Sole 16000 800
EOG RES INC COM COM 26875P101 378 3192 SH Sole 100 3092
EQUINIX INC COM 29444U502 2068 22695 SH Sole 12450 10245
EXXON MOBIL CORP COM COM 30231G102 10006 118931 SH Sole 53458 65473
F5 NETWORKS INC COM 315616102 921 8975 SH Sole 5700 3275
FOOT LOCKER INC COM 344849104 263 13350 SH Sole 9850 3500
FREEPORT-MCMORAN COPPER COM 35671D857 2030 36538 SH Sole 17900 18638
FSI INTL INC COM COM 302633102 533 121735 SH Sole 68400 53335
GARMIN LTD COM H2906T109 1676 49500 SH Sole 26400 23100
GENERAL DYNAMICS CO COM 369550108 566 7397 SH Sole 1797 5600
GENERAL ELEC CO COM COM 369604103 4159 207411 SH Sole 107164 100247
GENERAL MILLS INC COM 370334104 1425 38980 SH Sole 18950 20030
GLOBAL PARTNERS COM 37946R109 302 11600 SH Sole 4000 7600
GLOBAL TRAFFIC NETWORK COM 37947B103 247 19800 SH Sole 19800
GLOBECOMM SYSTEMS INC COM 37956X103 376 30475 SH Sole 30475
GOOGLE INC COM 38259P508 2244 3825 SH Sole 2190 1635
GULFMARK OFFSHORE INC COM 402629208 532 11950 SH Sole 9950 2000
HALLMARK FINANCIAL SERVICES COM 40624Q203 285 33950 SH Sole 32850 1100
HARVARD BIOSCIENCE INC COM 416906105 167 29400 SH Sole 25400 4000
HOLOGIC INC COM 436440101 3513 158225 SH Sole 103000 55225
HONEYWELL INTL INC COM COM 438516106 2354 39428 SH Sole 18949 20479
HOPFED BANCORP INC COM 439734104 324 35223 SH Sole 17134 18089
HORMEL FOODS CORP COM COM 440452100 2600 93402 SH Sole 44200 49202
HOT TOPIC COM 441339108 418 73500 SH Sole 62000 11500
IBERIABANK CORP COM 450828108 1147 19075 SH Sole 12300 6775
ILLINOIS TOOL WKS INC COM COM 452308109 1144 21301 SH Sole 11850 9451
IMAGE SENSING SYSTEMS COM 45244C104 338 24650 SH Sole 14650 10000
INSTEEL INDUSTRIES COM 45774W108 689 48700 SH Sole 32200 16500
INTEGRAMED AMERICA INC COM 45810N302 167 16200 SH Sole 16200
INTEGRYS ENERGY GROUP COM 45822P105 859 17000 SH Sole 10100 6900
INTEL CORP COM COM 458140100 3815 189033 SH Sole 85670 103363
INTERNATIONAL BUS MACH COM COM 459200101 865 5306 SH Sole 1070 4236
INTL FLAVORS & FRAGRANCES COM 459506101 1743 27975 SH Sole 16000 11975
IPC THE HOSPITALIST COMPANY IN COM 44984A105 400 8800 SH Sole 8500 300
ISHARES MSCI BRAZIL COM 464286400 221 2850 SH Sole 2850
ISHARES MSCI BRIC INDEX FUND COM 464286657 233 4625 SH Sole 4625
ISHARES RUSSELL 2000 GROWTH COM 464287648 238 2500 SH Sole 2000 500
ISHARES S&P 500 INDEX COM 464287200 241 1815 SH Sole 800 1015
ITT INDUSTRIES INC COM 450911102 1118 18625 SH Sole 11300 7325
JOHNSON & JOHNSON COM COM 478160104 3176 53611 SH Sole 17071 36540
JOHNSON CONTROLS INC COM 478366107 249 6000 SH Sole 6000
JPMORGAN CHASE & CO COM 46625H100 3136 68019 SH Sole 31500 36519
KEY TECH INC COM 493143101 251 12437 SH Sole 10437 2000
KIMBERLY CLARK CORP COM COM 494368103 207 3164.86 SH Sole 562.86 2602
KOHLS CORP COM COM 500255104 2647 49905 SH Sole 24425 25480
LAM RESEARCH CORP COM 512807108 511 9025 SH Sole 6525 2500
LINN ENERGY LLC COM 536020100 385 9900 SH Sole 2100 7800
LIVEPERSON INC COM 538146101 328 25975 SH Sole 22975 3000
LOWES COS INC COM COM 548661107 1872 70835 SH Sole 36225 34610
LUMINEX CORP COM 55027E102 190 10125 SH Sole 10125
MARATHON OIL CORP COM 565849106 1167 21900 SH Sole 11050 10850
MATTEL INC COM COM 577081102 635 25491 SH Sole 17766 7725
MATTSON TECHNOLOGY INC COM 577223100 139 57000 SH Sole 57000
MCDONALDS CORP COM COM 580135101 1648 21655 SH Sole 10775 10880
MCMORAN EXPLORATION CO COM 582411104 2114 119345 SH Sole 69600 49745
MEDTOX SCIENTIFIC COM 584977201 621 37850 SH Sole 33750 4100
MERCK & CO INC (NEW) COM 58933Y105 2342 70952.63 SH Sole 36122.63 34830
MGE ENERGY INC COM 55277P104 319 7876 SH Sole 727 7149
MICROSEMI CORP COM 595137100 902 43575 SH Sole 27600 15975
MICROSOFT CORP COM COM 594918104 2843 111965.66 SH Sole 55000 56965.66
MIDWAY GOLD CORP COM 598153104 93 51600 SH Sole 51600
MINDSPEED TECHNOLOGIES INC COM 602682205 350 41425 SH Sole 27525 13900
MIPS TECHNOLOGIES INC CL A COM 604567107 1213 115620 SH Sole 48825 66795
MITCHAM INDUSTRIES COM 606501104 1007 73750 SH Sole 42100 31650
MITEK SYSTEMS INC COM 606710200 2765 682691 SH Sole 81500 601191
MODINE MANUFACTURING CO. COM 607828100 359 22250 SH Sole 20150 2100
MORGAN STANLEY COM 617446448 2897 106035 SH Sole 55225 50810
MULTIBAND CORP COM 62544X209 49 10520 SH Sole 10520
MURPHY OIL CORP COM 626717102 686 9350 SH Sole 6050 3300
MYRIAD GENETICS INC COM 62855J104 1764 87550 SH Sole 52275 35275
NAVARRE CORPORATION COM 639208107 468 246100 SH Sole 116300 129800
NEXT INC COM 65336T104 0 50000 SH Sole 50000
NEXTERA ENERGY INC COM 65339F101 360 6532 SH Sole 1100 5432
NOKIA CORP -SPON ADR COM 654902204 161 18925 SH Sole 4100 14825
NORTHERN TECH INTL CORP COM 665809109 208 13750 SH Sole 10250 3500
NOVAMED INC COM 66986W207 254 19257 SH Sole 19257
OCWEN FINANCIAL COM 675746309 357 32425 SH Sole 31425 1000
OFFICEMAX INC COM COM 67622P101 646 49900 SH Sole 39225 10675
OLD REPUBLIC INTL COM 680223104 1454 114550 SH Sole 71750 42800
OM GROUP INC COM 670872100 895 24500 SH Sole 16250 8250
OMNICELL INC COM 68213N109 331 21750 SH Sole 21250 500
ONEOK PARTNERS LP COM 68268N103 432 5250 SH Sole 2000 3250
OPENWAVE SYSTEMS INC COM 683718308 238 111300 SH Sole 95300 16000
ORACLE CORPORATION COM 68389x105 501 14979 SH Sole 4979 10000
PACIFIC PREMIER BANCORP INC COM 69478X105 252 36900 SH Sole 28550 8350
PACIFIC RIM MINING CORP COM NE COM 694915208 2 10000 SH Sole 10000
PARAGON TECHNOLOGIES INC COM 69912T108 33 14400 SH Sole 6400 8000
PAREXEL INT'L CORP. COM 699462107 1291 51850 SH Sole 35050 16800
PARKERVISION COM 701354102 49 72500 SH Sole 72500
PEOPLES UNITED FINANCIAL COM 712704105 1791 142350 SH Sole 80400 61950
PEPSICO INC COM COM 713448108 1870 29025 SH Sole 13660 15365
PERFICIENT COM 71375U101 237 19700 SH Sole 18700 1000
PFIZER INC COM COM 717081103 270 13313 SH Sole 2400 10913
PHILIP MORRIS INTERNATIONAL COM 718172109 1248 19020 SH Sole 12600 6420
PNC FINCANCIAL SERVICES GROUP COM 693475105 923 14650 SH Sole 8000 6650
PPG INDS INC COM COM 693506107 390 4100 SH Sole 200 3900
PRGX GLOBAL INC COM 69357C503 394 64875 SH Sole 54675 10200
PROCTER & GAMBLE CO COM 742718109 3827 62128 SH Sole 32382 29746
PROSPECT CAPITAL CORP COM 74348T102 128 10450 SH Sole 10450
QUALCOMM INC COM 747525103 848 15475 SH Sole 10450 5025
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RAYMOND JAMES FINANCIAL COM 754730109 1393 36425 SH Sole 20450 15975
RF MICRO DEVICES COM 749941100 153 23875 SH Sole 500 23375
ROPER INDUSTRIES INC COM 776696106 357 4125 SH Sole 3925 200
ROYAL DUTCH SHELL CL A COM 780259206 348 4774 SH Sole 200 4574
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SFN GROUP INC COM 784153108 397 28200 SH Sole 27200 1000
SHUTTERFLY INC COM 82568P304 386 7375 SH Sole 5225 2150
SM ENERGY CO COM 78454L100 1697 22875 SH Sole 9175 13700
SMITH & WESSON HOLDING CORP COM 831756101 1583 445775 SH Sole 300700 145075
SNYDER-LANCE INC COM 833551104 258 13000 SH Sole 12800 200
SONIC CORP COM 835451105 171 18900 SH Sole 18300 600
SOUTHWEST AIRLS CO COM COM 844741108 126 10004 SH Sole 500 9504
SPDR GOLD TRUST COM 78463V107 2041 14595 SH Sole 3255 11340
SPDR S&P 500 ETF TRUST COM 78462F103 693 5225 SH Sole 5225
SPECTRE GAMING INC COM 84761G107 0 136168 SH Sole 136168
SRS LABS INC COM 78464M106 214 25100 SH Sole 23500 1600
ST JUDE MED INC COM COM 790849103 218 4250 SH Sole 1000 3250
STAR GAS PARTNERS LP COM 85512C105 74 13000 SH Sole 13000
SUPER MICRO COMPUTER INC COM 86800U104 1102 68725 SH Sole 44050 24675
SUPERVALU INC COM COM 868536103 1241 138925 SH Sole 65900 73025
SUPPORT.COM INC COM 86858W101 145 27950 SH Sole 27950
SURMODICS INC COM 868873100 615 49235 SH Sole 900 48335
SVB FINANCIAL GROUP COM 78486Q101 1731 30400 SH Sole 19150 11250
SYKES ENTERPRISES COM 871237103 507 25655 SH Sole 15800 9855
SYMANTEC CORP COM 871503108 286 15425 SH Sole 900 14525
SYNAPTICS INC COM 87157D109 1040 38475 SH Sole 27150 11325
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SYNOVIS LIFE TECHNOLOGIES INC COM 87162G105 219 11425 SH Sole 10625 800
TARGET CORP COM 87612E106 868 17350 SH Sole 8900 8450
TCF FINL CORP COM COM 872275102 721 45447 SH Sole 17648 27799
TECK RESOURCES LTD COM 878742204 936 17650 SH Sole 10800 6850
TELEPHONE & DATA SYS INC-SPECI COM 879433860 736 24930 SH Sole 14000 10930
TELETECH HLDGS INC COM COM 879939106 220 11375 SH Sole 7725 3650
TELUS CORPORATION COM 87971M202 1253 25850 SH Sole 12425 13425
TEREX CORP COM 880779103 820 22125 SH Sole 15050 7075
TERRACO GOLD CORP COM 88101N102 33 100000 SH Sole 100000
TERREMARK WORLDWIDE INC COM 881448203 310 16325 SH Sole 16325
TEVA PHARMACEUTICALS COM 881624209 2742 54650 SH Sole 28425 26225
TEXAS INSTRUMENTS INC COM 882508104 1592 46070 SH Sole 23150 22920
THE DOLAN COMPANY COM 25659P402 313 25800 SH Sole 13100 12700
TRAVELERS COMPANIES INC COM 89417E109 3922 65935 SH Sole 23125 42810
UMPQUA HOLDINGS INC COM 904214103 1244 108750 SH Sole 58800 49950
UNIT CORP COM 909218109 4472 72191 SH Sole 43825 28366
UNITED STATES STEEL COM 912909108 576 10675 SH Sole 6875 3800
UNITED TECHNOLOGIES CP COM COM 913017109 1092 12900 SH Sole 6350 6550
US BANCORP COM 902973304 972 36761 SH Sole 5918 30843
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VITAL IMAGES INC COM 92846N104 304 22475 SH Sole 21475 1000
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WALGREEN CO COM COM 931422109 329 8200 SH Sole 8200
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WET SEAL INC COM 961840105 2107 492250 SH Sole 292550 199700
WEYERHAEUSER CO COM COM 962166104 1783 72498 SH Sole 36048 36450
WINMARK CORP COM 974250102 679 14730 SH Sole 2400 12330
WORLD WRESTLING ENTERTAINMENT COM 98156Q108 162 12900 SH Sole 1600 11300
XCEL ENERGY INC COM 98389B100 1775 74307 SH Sole 29150 45157
ZIMMER HOLDINGS INC COM 98956P102 1179 19475 SH Sole 10650 8825
ARTIO GLOBAL INVESTMENT FUNDS 04315J407 329 10940.491 SH Sole 548.246 10392.25
ARTIO INTERNATIONAL EQUITY II 04315J845 175 13790.784 SH Sole 13790.78
FIDELITY DIVERSIFIED INTL FD 315910802 223 7166.489 SH Sole 3506.312 3660.177
FIDELITY SPARTAN 500 INDEX FUN 315911701 1238 26276.607 SH Sole 26276.61
FIDELITY SPARTAN INTL INDEX FD 315911875 347 9533.465 SH Sole 9533.465
FIRST EAGLE SOGEN OVERSEAS-A 32008F101 656 28352.585 SH Sole 28352.59
CNS RESPONSE WARRANTS 1.80 EXP cns.wts 0 13500 SH Sole 13500
ENTEROMEDICS WARRANTS 2.19 EXP etrm.wts 0 30000 SH Sole 30000
POLYMET MINING WARRANTS B 5.00 plm.b.wts 0 10000 SH Sole 10000
PROLINK HOLDINGS WARRANTS 1.40 plkh.wts 0 14800 SH Sole 14800