UNITED STATES
SECRITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 13F

FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: December 31, 2011

Check here if Amendment []; Amendment Number:
This Amendment (Check only one.):[  ] is a restatement.
				[   ] adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:	Cadinha & Co., LLC
Address:900 Fort Street Mall
	Suite 1240
	Honolulu, Hawaii 96813

13F File Number:   28-04292

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, statement,
schedules, lists, and tables, are considered integral parts of
this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:	Neil Rose, CFA
Title:	Chief Investment Officer
Phone:	808-523-9488

Signature, Place, and Date of Signing:

Neil Rose, Honolulu, Hawaii  February 2, 2012

Report Type (Check only one.):

[x]  13F HOLDINGS REPORT.
[  ] 13F NOTICE.
[  ] 13F COMBINATION REPORT.


FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:	0

Form 13F Information Table Entry Total:	91

Form 13F Information Table Value Total:	407289 x ($1000)

List of Other Included Managers:	0



13F INFORMATION TABLE
							
			TITLE OF		VALUE	SHRS OR	SH/	PUT/	INVEST.	OTHER	VOTING AUTHORITY
NAME OF ISSUER		CLASS	CUSIP		(x$1000)PRN AMT	PRN	CALL	DISCRN.	MGRS.	SOLE	SHARED	NONE
3M			COM	88579Y101	233	2850	SH		SOLE		2850	0	0
ABBOTT LABORATORIES	COM	002824100	1342	23867	SH		SOLE		22427	0	1440
ACCENTURE PLC		COM	G1151C101	12381	232590	SH		SOLE		230690	0	1900
ALEXANDER & BALDWIN	COM	014482103	389	9520	SH		SOLE		9520	0	0
AMGEN			COM	031162100	417	6500	SH		SOLE		6500	0	0
APACHE 			COM	037411105	466	5150	SH		SOLE		5150	0	0
APPLE COMPUTER		COM	037833100	1037	2561	SH		SOLE		2561	0	0
AT&T 			COM	00206R102	422	13951	SH		SOLE		13951	0	0
BANK OF HAWAII CORP	COM	062540109	2325	52257	SH		SOLE		52257	0	0
BANK OF NY MELLON CORP	COM	064058100	781	39235	SH		SOLE		39235	0	0
BERKSHIRE HATHAWAY A	COM	084670108	459	4	SH		SOLE		4	0	0
BERKSHIRE HATHAWAY B	COM	084670702	1524	19980	SH		SOLE		19980	0	0
BIOGEN IDEC 		COM	09062X103	2619	23800	SH		SOLE		23450	0	350
BOEING 			COM	097023105	535	7300	SH		SOLE		7300	0	0
BRISTOL-MYERS SQUIBB	COM	110122108	275	7800	SH		SOLE		7300	0	500
C. R. BARD, INC.	COM	067383109	18439	215660	SH		SOLE		213960	0	1700
CAMPBELL SOUP		COM	134429109	334	10049	SH		SOLE		10049	0	0
CATERPILLAR		COM	149123101	462	5100	SH		SOLE		5100	0	0
CHARLES SCHWAB CORP	COM	808513105	4808	426991	SH		SOLE		421991	0	5000
CHECK POINT SWARE TECH	COM	M22465104	1229	23400	SH		SOLE		23100	0	300
CHEVRON			COM	166764100	18392	172855	SH		SOLE		171655	0	1200
CLOROX			COM	189054109	772	11600	SH		SOLE		11400	0	200
COCA-COLA 		COM	191216100	12424	177564	SH		SOLE		176364	0	1200
COLGATE-PALMOLIVE	COM	194162103	830	8982	SH		SOLE		8982	0	0
CONAGRA FOODS		COM	205887102	280	10600	SH		SOLE		10600	0	0
CONOCOPHILLIPS		COM	20825C104	1115	15301	SH		SOLE		15301	0	0
COSTCO WHOLESALE	COM	22160K105	12378	148560	SH		SOLE		147460	0	1100
CURRENCYSHS CAN DOLLAR	CDDLSHS	23129x105	215	2200	SH		SOLE		2200	0	0
DANAHER CORP		COM	235851102	254	5400	SH		SOLE		5400	0	0
DOMINION RESOURCES	COM	25746U109	304	5730	SH		SOLE		5730	0	0
DOW CHEMICAL		COM	260543103	711	24714	SH		SOLE		24714	0	0
DU PONT (E.) DE NEMOURS	COM	263534109	856	18692	SH		SOLE		18692	0	0
DUKE ENERGY 		COM	26441C105	249	11300	SH		SOLE		11100	0	200
EMERSON ELECTRIC	COM	291011104	226	4845	SH		SOLE		4845	0	0
EXXON MOBIL		COM	30231G102	23967	282763	SH		SOLE		281463	0	1300
FAMILY DOLLAR STORES	COM	307000109	288	5000	SH		SOLE		5000	0	0
FMC TECHNOLOGIES	COM	30249U101	201	3852	SH		SOLE		3852	0	0
FREEPORT MCMORAN COPPER	COM	35671D857	315	8567	SH		SOLE		8567	0	0
GENERAL ELECTRIC	COM	369604103	353	19733	SH		SOLE		19733	0	0
GENERAL MILLS		COM	370334104	570	14114	SH		SOLE		14114	0	0
GLAXOSMITHKLINE PCL-ADR	COM	37733W105	257	5625	SH		SOLE		5625	0	0
GRAINGER (W. W.) 	COM	384802104	1994	10652	SH		SOLE		10652	0	0
HEINZ (H. J.)		COM	423074103	581	10750	SH		SOLE		10750	0	0
HERSHEY FOODS 		COM	427866108	371	6000	SH		SOLE		6000	0	0
HOME DEPOT		COM	437076102	231	5500	SH		SOLE		5500	0	0
IBM			COM	459200101	1593	8661	SH		SOLE		8661	0	0
ILLINOIS TOOL WORKS	COM	452308109	523	11200	SH		SOLE		11200	0	0
IMPERIAL OIL		COM	453038408	562	12628	SH		SOLE		12628	0	0
INTEL 			COM	458140100	6005	247630	SH		SOLE		247630	0	0
INTUITIVE SURGICAL INC.	COM	46120E602	13809	29825	SH		SOLE		29715	0	110
ISHARES 7-10 YR TSY BON	BAR7-10	464287440	4021	38086	SH		SOLE		38076	0	10
ISHARES GOLD TRUST	ISHSGLD	464285105	23846	1565755	SH		SOLE		1553655	0	12100
ISHARES S&P 500 GR IND	SP500GR	464287309	5679	84224	SH		SOLE		84124	0	100
ISHARES S&P 500/BAR VAL	SP500VL	464287408	3310	57237	SH		SOLE		57227	0	10
ISHARES SILVER TRUST	ISHSSIL	46428q109	385	14280	SH		SOLE		13780	0	500
ISHARES TIP TSY INF PRO	BARTPBD	464287176	1653	14169	SH		SOLE		14169	0	0
JOHNSON & JOHNSON	COM	478160104	4682	71387	SH		SOLE		70587	0	800
KIMBERLY-CLARK		COM	494368103	14495	197050	SH		SOLE		195850	0	1200
LILLY (ELI)		COM	532457108	640	15390	SH		SOLE		15390	0	0
MCCORMICK & CO-NO VT SH	COM	579780206	15549	308390	SH		SOLE		306390	0	2000
MCDONALD'S 		COM	580135101	15996	159430	SH		SOLE		158430	0	1000
MERCK 			COM	58933y105	463	12270	SH		SOLE		10850	0	1420
MICROSOFT 		COM	594918104	339	13048	SH		SOLE		13048	0	0
NESTLE SA ADR 		COM	641069406	17474	302786	SH		SOLE		300086	0	2700
NEULION INC F		COM	64128J101	13	51500	SH		SOLE		51500	0	0
OILSANDS QUEST		COM	678046103	2	12600	SH		SOLE		12600	0	0
PEPSICO 		COM	713448108	12340	185987	SH		SOLE		184587	0	1400
PFIZER			COM	717081103	1374	63473	SH		SOLE		63473	0	0
PHILIP MORRIS INTER	COM	718172109	13008	165750	SH		SOLE		164650	0	1100
POWERSHS DB US DOLLAR	DLINBUL	73936D107	1193	53100	SH		SOLE		53100	0	0
PROCTER & GAMBLE	COM	742718109	25561	383163	SH		SOLE		380663	0	2500
RAYTHEON		COM	755111507	356	7350	SH		SOLE		7050	0	300
ROYAL DUT SHL PLC-ADR A	COM	780259206	851	11650	SH		SOLE		11450	0	200
ROYAL DUT SHL PLC-ADR B	COM	780259107	274	3600	SH		SOLE		3600	0	0
SCHLUMBERGER 		COM	806857108	298	4366	SH		SOLE		4366	0	0
SIRONA DENTAL SYS INC	COM	82966C103	5493	124720	SH		SOLE		123820	0	900
SPDR CONSUMER STPLS SEC	SBCOSTD	81369Y308	4228	130125	SH		SOLE		129765	0	360
SPDR GOLD TRUST		GLDSHS	78463v107	22829	150203	SH		SOLE		149378	0	825
SPDR TR UNIT SER 1	UNTSER1	78462F103	1160	9244	SH		SOLE		8934	0	310
TEXAS INSTRUMENTS	COM	882508104	268	9200	SH		SOLE		9200	0	0
TYCO INTL		COM	H89128104	514	11001	SH		SOLE		11001	0	0
U.S. BANCORP		COM	902973304	595	22000	SH		SOLE		22000	0	0
UNION PACIFIC		COM	907818108	1970	18600	SH		SOLE		18600	0	0
UNITED TECHNOLOGIES	COM	913017109	10421	142580	SH		SOLE		141130	0	1450
VANGUARD SMALL-CAP ETF	SMCPETF	922908751	1573	22578	SH		SOLE		22493	0	85
VERIZON COMMUNICATIONS 	COM	92343V104	795	19816	SH		SOLE		19816	0	0
WALGREEN 		COM	931422109	12905	390341	SH		SOLE		387941	0	2400
WAL-MART STORES 	COM	931142103	15169	253835	SH		SOLE		252035	0	1800
WALT DISNEY		COM	254687106	13003	346735	SH		SOLE		344235	0	2500
WASTE MANAGEMENT	COM	94106L109	552	16869	SH		SOLE		16869	0	0
WELLS FARGO		COM	949746101	909	32972	SH		SOLE		32972	0	0