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Institutional Investment Manager
OARSMAN CAPITAL, INC.
OARSMAN CAPITAL, INC. (CIK: 0001569667) incorporated in Wisconsin, located at 790 N. Water St., Ste 1850, Milwaukee, WI. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 154 holdings with a total value of $155,297,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 Novartis AG ADR 13,415 977,000 0.63%
52 SPDR Dow Jones Global Real Est 20,684 969,000 0.62%
53 BERKSHIRE HATHAWAY INC DEL 5,852 954,000 0.61%
54 QUAD/GRAPHICS INC 35,245 947,000 0.61%
55 CHESAPEAKE ENERGY CORP 133,975 941,000 0.61%
56 WisdomTree EAFE Dividend-Wgtd 19,896 923,000 0.59%
57 ALLIANT ENERGY CORP 23,557 893,000 0.58%
58 AMGEN INC 6,058 886,000 0.57%
59 SCHLUMBERGER LTD 10,510 882,000 0.57%
60 UnitedHealth Group Inc 5,448 872,000 0.56%
61 Alphabet Inc Cap Stock Cl A 1,096 869,000 0.56%
62 V F CORP 16,115 860,000 0.55%
63 MEDTRONIC PLC COM 11,999 855,000 0.55%
64 ISHARES TR 6,192 852,000 0.55%
65 COLGATE PALMOLIVE CO 12,827 839,000 0.54%
66 SPDR Short Term Municipal Bond 17,197 824,000 0.53%
67 ORACLE CORP 21,159 814,000 0.52%
68 Pimco Enhanced Short Maturit 7,981 809,000 0.52%
69 BLACKROCK MUNI INTER DR FD I 58,260 804,000 0.52%
70 PFIZER INC 23,862 775,000 0.50%
71 ISHARES TR 5,939 728,000 0.47%
72 Accenture PLC Ireland Class A 6,166 722,000 0.46%
73 PowerShares CEF Income Composi 32,005 717,000 0.46%
74 VANGUARD INDEX FDS 5,345 704,000 0.45%
75 INTERNATIONAL BUSINESS MACHS 4,170 692,000 0.45%
76 MCDONALDS CORP 5,583 680,000 0.44%
77 WISDOMTREE TR 13,114 650,000 0.42%
78 AT&T Inc New 15,046 640,000 0.41%
79 Guggenheim S&P 500 Pure Growth 7,515 628,000 0.40%
80 TARGET CORP 8,438 609,000 0.39%
81 GENUINE PARTS CO 6,025 576,000 0.37%
82 PAYCHEX INC 9,305 567,000 0.37%
83 EXXON MOBIL CORP 6,206 560,000 0.36%
84 Wec Energy Group Inc 9,385 550,000 0.35%
85 EATON VANCE LTD DURATION INC 39,637 544,000 0.35%
86 BlackRock MuniAssets Fund 39,935 538,000 0.35%
87 DISNEY WALT CO 5,062 528,000 0.34%
88 NORDSTROM INC 10,845 520,000 0.33%
89 US BANCORP DEL 10,007 514,000 0.33%
90 WELLS FARGO & CO NEW 9,281 511,000 0.33%
91 GENERAL DYNAMICS CORP 2,935 507,000 0.33%
92 PRAXAIR INC 4,280 502,000 0.32%
93 SCHWAB US AGGREGATE BOND ETF 9,085 468,000 0.30%
94 SPDR INDEX SHS FDS 12,829 463,000 0.30%
95 EMERG MKTS INCOME FUND WDTREE 12,206 456,000 0.29%
96 BANK MONTREAL QUE 6,178 444,000 0.29%
97 SCHWAB US DIVIDEND EQUITY ETF 10,176 443,000 0.29%
98 MGE ENERGY INC 6,767 442,000 0.28%
99 Altria Group, Inc. 6,470 438,000 0.28%
100 DOMINION ENERGY INC 5,617 430,000 0.28%
Page 2 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001569667-17-000001, filed 2017.02.09).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.